{ "ticker": { "uuid": "ead9db15-90bb-480d-ab66-44e5f3a11e9d", "symbol": "FLTR", "name": "VANECK ETF TR IG FLOATING RATE ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.996, "architecture_energy": 72.466, "architecture_maturity": 100.0, "architecture_confidence": 79.237, "architecture_tenure": "Extended", "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": 15.1, "rotation_up": 64.23, "upward_expansion": 88.79, "deceleration": 52.11, "rotation_down": 26.09, "downward_expansion": 13.12 }, "activity_lines": [ 25.513845, 25.495514, 25.445517, 25.389454 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 25.54, "trend_reference": 25.311812, "distance_from_trend": 0.009015, "trend_direction": "Improving", "fair_value": 23.785446, "distance_from_fair_value": 0.073766, "fair_value_direction": "Weakening", "relative_strength": -9.368655, "relative_strength_direction": "Improving", "price_momentum": 0.014929, "excess_performance": -0.110696, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.009015, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00737, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.073766, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.005886, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.093687, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000474, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.014929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 19.616507, "read": "Demand-led" } ], "volume": { "latest": 6380178, "relative_activity": 1.285053, "balance": 19.616507, "dry_up": 1.321597, "accumulation_observations": 8, "distribution_observations": 0 }, "risk": { "range_context": 0.001861, "annualized_volatility": 0.009119, "from_high_reference": -0.000309, "from_low_reference": 0.04203 }, "levels": { "trend_reference": 25.311812, "fair_value_reference": 23.785446, "structural_low": 25.120663, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 51, "median_return": 0.004481, "positive_rate": 0.901961, "directional_follow_through": 0.901961, "median_excess_return": -0.014067, "regime_survival": 0.941176, "best_return": 0.011989, "worst_return": -0.016762, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 16, "median_return": 0.013204, "positive_rate": 0.9375, "directional_follow_through": 0.9375, "median_excess_return": -0.031597, "regime_survival": 0.9375, "best_return": 0.029846, "worst_return": -0.001442, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.030445, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.079864, "regime_survival": 0.875, "best_return": 0.043405, "worst_return": -4.8e-05, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.06351, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.095185, "regime_survival": 0.75, "best_return": 0.075862, "worst_return": -0.021215, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2021-07-09", "end": "2021-11-05", "tenure": "Established", "return": 0.000646, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2021-11-12", "end": "2021-12-24", "tenure": "Developing", "return": -0.001146, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-12-31", "end": "2022-01-21", "tenure": "New", "return": 0.001187, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-01-28", "end": "2022-03-11", "tenure": "Developing", "return": -0.011404, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-03-18", "end": "2022-08-19", "tenure": "Established", "return": -0.002113, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-08-26", "end": "2022-09-02", "tenure": "New", "return": 0.002243, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-09-09", "end": "2022-10-21", "tenure": "Developing", "return": -0.00321, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2022-10-28", "end": "2022-11-11", "tenure": "New", "return": 0.004436, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-11-18", "end": "2023-03-24", "tenure": "Established", "return": 0.017635, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-03-31", "end": "2023-04-28", "tenure": "Developing", "return": 0.009721, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-05-05", "end": "2025-03-28", "tenure": "Extended", "return": 0.139277, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": 0.016827, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.00079, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2026-08-07", "tenure": "Extended", "return": 0.058254, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.648147, "volume": 1660879, "typical_volume": 2362544.3, "trend": 21.19957, "fair_value": 20.554226, "relative_strength": -4.422791, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.024547, "energy": 92.582794, "activity_lines": [ 21.620254, 21.561708, 21.444627, 21.331956 ] }, { "date": "2023-08-25", "close": 21.673878, "volume": 1518655, "typical_volume": 2290527.65, "trend": 21.225711, "fair_value": 20.563406, "relative_strength": -5.005681, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.118174, "energy": 92.149265, "activity_lines": [ 21.645132, 21.591408, 21.478005, 21.362556 ] }, { "date": "2023-09-01", "close": 21.709558, "volume": 1779824, "typical_volume": 2240154.0, "trend": 21.252358, "fair_value": 20.572714, "relative_strength": -7.056435, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.891286, "energy": 94.462559, "activity_lines": [ 21.671477, 21.622164, 21.511036, 21.393772 ] }, { "date": "2023-09-08", "close": 21.761289, "volume": 2378415, "typical_volume": 2228130.15, "trend": 21.277397, "fair_value": 20.582353, "relative_strength": -5.573651, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.425629, "energy": 95.27378, "activity_lines": [ 21.70624, 21.656247, 21.545639, 21.426606 ] }, { "date": "2023-09-15", "close": 21.76991, "volume": 1571540, "typical_volume": 2181213.6, "trend": 21.301892, "fair_value": 20.591945, "relative_strength": -5.254504, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.224039, "energy": 94.018427, "activity_lines": [ 21.734619, 21.685803, 21.577621, 21.458381 ] }, { "date": "2023-09-22", "close": 21.787154, "volume": 1436871, "typical_volume": 2149390.8, "trend": 21.325851, "fair_value": 20.602059, "relative_strength": -2.116004, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.666049, "energy": 91.777597, "activity_lines": [ 21.759485, 21.712819, 21.607963, 21.489689 ] }, { "date": "2023-09-29", "close": 21.804397, "volume": 3439020, "typical_volume": 2213208.1, "trend": 21.349496, "fair_value": 20.612136, "relative_strength": -1.116582, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.077393, "energy": 73.243438, "activity_lines": [ 21.780831, 21.737291, 21.636744, 21.520563 ] }, { "date": "2023-10-06", "close": 21.81927, "volume": 3429665, "typical_volume": 2266336.05, "trend": 21.37308, "fair_value": 20.622257, "relative_strength": -1.294103, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.967113, "energy": 72.784992, "activity_lines": [ 21.798434, 21.75925, 21.663856, 21.550871 ] }, { "date": "2023-10-13", "close": 21.81927, "volume": 1491562, "typical_volume": 2215179.85, "trend": 21.409205, "fair_value": 20.632223, "relative_strength": -1.486857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.144992, "energy": 70.978726, "activity_lines": [ 21.808723, 21.776808, 21.687773, 21.579657 ] }, { "date": "2023-10-20", "close": 21.879928, "volume": 3379722, "typical_volume": 2335537.35, "trend": 21.44568, "fair_value": 20.642579, "relative_strength": 1.328387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.337806, "energy": 75.967616, "activity_lines": [ 21.835365, 21.801816, 21.714592, 21.610026 ] }, { "date": "2023-10-27", "close": 21.853932, "volume": 1830966, "typical_volume": 2317472.2, "trend": 21.478223, "fair_value": 20.652767, "relative_strength": 3.793811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.166151, "energy": 70.614384, "activity_lines": [ 21.846008, 21.81757, 21.73641, 21.636365 ] }, { "date": "2023-11-03", "close": 21.883399, "volume": 3242454, "typical_volume": 2387532.95, "trend": 21.511425, "fair_value": 20.663043, "relative_strength": -1.638344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.009579, "energy": 72.932168, "activity_lines": [ 21.862021, 21.834941, 21.758716, 21.662505 ] }, { "date": "2023-11-10", "close": 21.892111, "volume": 2399183, "typical_volume": 2172768.25, "trend": 21.540996, "fair_value": 20.673323, "relative_strength": -2.834262, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.837501, "energy": 72.190895, "activity_lines": [ 21.875672, 21.850087, 21.77943, 21.687066 ] }, { "date": "2023-11-17", "close": 21.918246, "volume": 4560384, "typical_volume": 2311787.95, "trend": 21.570318, "fair_value": 20.683719, "relative_strength": -4.779994, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.926839, "energy": 73.411008, "activity_lines": [ 21.893178, 21.866665, 21.800173, 21.711404 ] }, { "date": "2023-11-24", "close": 21.961803, "volume": 1910993, "typical_volume": 2243512.0, "trend": 21.599692, "fair_value": 20.694288, "relative_strength": -5.416157, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.503213, "energy": 75.794949, "activity_lines": [ 21.918604, 21.888309, 21.82272, 21.736662 ] }, { "date": "2023-12-01", "close": 22.013114, "volume": 1486127, "typical_volume": 2230102.7, "trend": 21.629649, "fair_value": 20.704995, "relative_strength": -5.868405, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.768247, "energy": 77.064176, "activity_lines": [ 21.955676, 21.915793, 21.847754, 21.763334 ] }, { "date": "2023-12-08", "close": 22.013114, "volume": 2259605, "typical_volume": 2279119.15, "trend": 21.6582, "fair_value": 20.715701, "relative_strength": -5.911095, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.911727, "energy": 74.4385, "activity_lines": [ 21.982136, 21.939169, 21.870225, 21.788074 ] }, { "date": "2023-12-15", "close": 22.074432, "volume": 3278333, "typical_volume": 2350361.15, "trend": 21.689077, "fair_value": 20.726698, "relative_strength": -7.60168, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.324913, "energy": 76.72886, "activity_lines": [ 22.020387, 21.969899, 21.896175, 21.814927 ] }, { "date": "2023-12-22", "close": 22.12699, "volume": 4231647, "typical_volume": 2458204.8, "trend": 21.719453, "fair_value": 20.738083, "relative_strength": -7.95269, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.304762, "energy": 80.152376, "activity_lines": [ 22.064003, 22.005545, 21.924762, 21.84318 ] }, { "date": "2023-12-29", "close": 22.1473, "volume": 1296999, "typical_volume": 2429142.2, "trend": 21.746038, "fair_value": 20.74956, "relative_strength": -7.905595, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.364651, "energy": 82.769443, "activity_lines": [ 22.100473, 22.039289, 21.952882, 21.870783 ] }, { "date": "2024-01-05", "close": 22.164912, "volume": 1427302, "typical_volume": 2417463.35, "trend": 21.772644, "fair_value": 20.761046, "relative_strength": -6.133512, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.587473, "energy": 82.07776, "activity_lines": [ 22.130447, 22.071374, 21.98022, 21.897807 ] }, { "date": "2024-01-12", "close": 22.217749, "volume": 1748302, "typical_volume": 2428945.7, "trend": 21.800729, "fair_value": 20.772665, "relative_strength": -7.41706, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.365783, "energy": 79.215351, "activity_lines": [ 22.167914, 22.107412, 22.010129, 21.926523 ] }, { "date": "2024-01-19", "close": 22.279391, "volume": 1439996, "typical_volume": 2411954.3, "trend": 21.830868, "fair_value": 20.784575, "relative_strength": -8.012527, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.314724, "energy": 89.691314, "activity_lines": [ 22.212285, 22.148578, 22.043319, 21.957405 ] }, { "date": "2024-01-26", "close": 22.332228, "volume": 2020618, "typical_volume": 2394064.45, "trend": 21.861072, "fair_value": 20.796618, "relative_strength": -8.509961, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.43085, "energy": 85.337987, "activity_lines": [ 22.260605, 22.19231, 22.078828, 21.989751 ] }, { "date": "2024-02-02", "close": 22.349527, "volume": 2796471, "typical_volume": 2455311.0, "trend": 21.890798, "fair_value": 20.808834, "relative_strength": -9.506387, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.147897, "energy": 83.328096, "activity_lines": [ 22.301009, 22.231659, 22.113266, 22.021264 ] }, { "date": "2024-02-09", "close": 22.438075, "volume": 2077068, "typical_volume": 2487320.85, "trend": 21.922907, "fair_value": 20.821411, "relative_strength": -10.129755, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.872337, "energy": 90.05297, "activity_lines": [ 22.357447, 22.280059, 22.153376, 22.056572 ] }, { "date": "2024-02-16", "close": 22.491204, "volume": 2105836, "typical_volume": 2420661.65, "trend": 21.955364, "fair_value": 20.834328, "relative_strength": -9.35272, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.989705, "energy": 86.701587, "activity_lines": [ 22.413383, 22.330392, 22.195447, 22.093236 ] }, { "date": "2024-02-23", "close": 22.508914, "volume": 1940311, "typical_volume": 2346193.95, "trend": 21.986422, "fair_value": 20.84772, "relative_strength": -10.436746, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.868838, "energy": 89.956377, "activity_lines": [ 22.456993, 22.375253, 22.235934, 22.128949 ] }, { "date": "2024-03-01", "close": 22.571163, "volume": 2361828, "typical_volume": 2389707.25, "trend": 22.018047, "fair_value": 20.861225, "relative_strength": -10.753268, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.930301, "energy": 92.50172, "activity_lines": [ 22.506051, 22.423532, 22.279066, 22.166674 ] }, { "date": "2024-03-08", "close": 22.593409, "volume": 2499696, "typical_volume": 2345705.95, "trend": 22.050127, "fair_value": 20.875028, "relative_strength": -10.068515, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.827625, "energy": 92.947786, "activity_lines": [ 22.546595, 22.46778, 22.320736, 22.203795 ] }, { "date": "2024-03-15", "close": 22.611206, "volume": 1795248, "typical_volume": 2343920.05, "trend": 22.082229, "fair_value": 20.888997, "relative_strength": -9.607132, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.746948, "energy": 92.260764, "activity_lines": [ 22.576812, 22.507152, 22.360703, 22.239993 ] }, { "date": "2024-03-22", "close": 22.655699, "volume": 1834425, "typical_volume": 2273518.6, "trend": 22.114956, "fair_value": 20.903096, "relative_strength": -11.064463, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.642294, "energy": 93.423499, "activity_lines": [ 22.610319, 22.5465, 22.401301, 22.276991 ] }, { "date": "2024-03-29", "close": 22.700192, "volume": 1350140, "typical_volume": 2221066.45, "trend": 22.147978, "fair_value": 20.917604, "relative_strength": -10.914274, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.707512, "energy": 92.865289, "activity_lines": [ 22.64769, 22.585974, 22.44246, 22.314748 ] }, { "date": "2024-04-05", "close": 22.712074, "volume": 2974051, "typical_volume": 2141749.8, "trend": 22.17967, "fair_value": 20.932137, "relative_strength": -9.785712, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.940861, "energy": 86.923241, "activity_lines": [ 22.67627, 22.619958, 22.480902, 22.351142 ] }, { "date": "2024-04-12", "close": 22.747855, "volume": 2817651, "typical_volume": 2187082.7, "trend": 22.212269, "fair_value": 20.946795, "relative_strength": -8.042921, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.030223, "energy": 87.174809, "activity_lines": [ 22.707383, 22.653542, 22.518971, 22.387799 ] }, { "date": "2024-04-19", "close": 22.747855, "volume": 5584099, "typical_volume": 2391981.3, "trend": 22.244292, "fair_value": 20.961557, "relative_strength": -4.908454, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.7229, "energy": 76.673804, "activity_lines": [ 22.7282, 22.679883, 22.553298, 22.422353 ] }, { "date": "2024-04-26", "close": 22.810472, "volume": 4371120, "typical_volume": 2497557.05, "trend": 22.277828, "fair_value": 20.976617, "relative_strength": -6.861823, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.504507, "energy": 80.448983, "activity_lines": [ 22.760779, 22.711977, 22.590089, 22.458881 ] }, { "date": "2024-05-03", "close": 22.824649, "volume": 4666910, "typical_volume": 2566985.9, "trend": 22.31134, "fair_value": 20.991793, "relative_strength": -7.086491, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.716752, "energy": 78.099706, "activity_lines": [ 22.787765, 22.740843, 22.624433, 22.494159 ] }, { "date": "2024-05-10", "close": 22.860607, "volume": 2880590, "typical_volume": 2499433.05, "trend": 22.346052, "fair_value": 21.007097, "relative_strength": -8.343446, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.726125, "energy": 89.365606, "activity_lines": [ 22.818441, 22.770507, 22.65863, 22.529596 ] }, { "date": "2024-05-17", "close": 22.869597, "volume": 2430572, "typical_volume": 2556111.7, "trend": 22.379041, "fair_value": 21.022432, "relative_strength": -9.505625, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.202048, "energy": 92.529034, "activity_lines": [ 22.842211, 22.796542, 22.690189, 22.563373 ] }, { "date": "2024-05-24", "close": 22.923535, "volume": 3822424, "typical_volume": 2675867.8, "trend": 22.414694, "fair_value": 21.038088, "relative_strength": -8.999036, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.002524, "energy": 90.811923, "activity_lines": [ 22.875844, 22.827363, 22.723446, 22.598502 ] }, { "date": "2024-05-31", "close": 22.941514, "volume": 2213073, "typical_volume": 2699106.35, "trend": 22.449965, "fair_value": 21.053889, "relative_strength": -8.306431, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.809728, "energy": 94.828195, "activity_lines": [ 22.903758, 22.855774, 22.754803, 22.63249 ] }, { "date": "2024-06-07", "close": 22.97779, "volume": 4526004, "typical_volume": 2853406.75, "trend": 22.486154, "fair_value": 21.069872, "relative_strength": -9.030628, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.244463, "energy": 83.104635, "activity_lines": [ 22.935027, 22.885584, 22.786168, 22.666543 ] }, { "date": "2024-06-14", "close": 22.986826, "volume": 1916770, "typical_volume": 2848214.35, "trend": 22.521773, "fair_value": 21.085964, "relative_strength": -10.216514, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.777081, "energy": 74.634682, "activity_lines": [ 22.9591, 22.911989, 22.815067, 22.698845 ] }, { "date": "2024-06-21", "close": 23.022969, "volume": 1864712, "typical_volume": 2801626.4, "trend": 22.557145, "fair_value": 21.102236, "relative_strength": -10.367273, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.622569, "energy": 80.503577, "activity_lines": [ 22.986805, 22.939971, 22.844292, 22.73118 ] }, { "date": "2024-06-28", "close": 23.050076, "volume": 2564914, "typical_volume": 2826018.7, "trend": 22.591711, "fair_value": 21.118644, "relative_strength": -9.969449, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.049439, "energy": 76.130149, "activity_lines": [ 23.013322, 22.967879, 22.872892, 22.762982 ] }, { "date": "2024-07-05", "close": 23.075875, "volume": 2364067, "typical_volume": 2838930.25, "trend": 22.627136, "fair_value": 21.135191, "relative_strength": -11.271382, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.031254, "energy": 75.746503, "activity_lines": [ 23.040002, 22.994983, 22.901034, 22.794218 ] }, { "date": "2024-07-12", "close": 23.103119, "volume": 3025018, "typical_volume": 2893165.6, "trend": 22.661426, "fair_value": 21.151914, "relative_strength": -11.754224, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.852324, "energy": 76.05272, "activity_lines": [ 23.066806, 23.022215, 22.928987, 22.824927 ] }, { "date": "2024-07-19", "close": 23.121282, "volume": 3193028, "typical_volume": 2934725.6, "trend": 22.694569, "fair_value": 21.168726, "relative_strength": -9.687225, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.242857, "energy": 74.742525, "activity_lines": [ 23.091309, 23.047686, 22.95584, 22.854595 ] }, { "date": "2024-07-26", "close": 23.148526, "volume": 2806570, "typical_volume": 2950069.3, "trend": 22.727943, "fair_value": 21.18574, "relative_strength": -8.622832, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.031031, "energy": 75.387349, "activity_lines": [ 23.115929, 23.073371, 22.982668, 22.883883 ] }, { "date": "2024-08-02", "close": 23.077522, "volume": 14818904, "typical_volume": 3601252.1, "trend": 22.758363, "fair_value": 21.202233, "relative_strength": -6.708009, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.487354, "energy": 68.613906, "activity_lines": [ 23.108512, 23.081075, 23.000091, 22.906436 ] }, { "date": "2024-08-09", "close": 23.132273, "volume": 8308804, "typical_volume": 3924971.05, "trend": 22.788847, "fair_value": 21.219078, "relative_strength": -6.276495, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.66662, "energy": 67.946529, "activity_lines": [ 23.117514, 23.095934, 23.020507, 22.930559 ] }, { "date": "2024-08-16", "close": 23.177899, "volume": 2682204, "typical_volume": 3991574.25, "trend": 22.818798, "fair_value": 21.236216, "relative_strength": -9.384508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.995813, "energy": 69.750321, "activity_lines": [ 23.137966, 23.11562, 23.042999, 22.955659 ] }, { "date": "2024-08-23", "close": 23.205275, "volume": 4629864, "typical_volume": 4074364.9, "trend": 22.847899, "fair_value": 21.253477, "relative_strength": -10.214989, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.743872, "energy": 69.72105, "activity_lines": [ 23.162557, 23.136645, 23.065824, 22.980593 ] }, { "date": "2024-08-30", "close": 23.241775, "volume": 2522465, "typical_volume": 4059605.6, "trend": 22.877641, "fair_value": 21.271015, "relative_strength": -10.036544, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.254136, "energy": 71.464563, "activity_lines": [ 23.193716, 23.160335, 23.089776, 23.006005 ] }, { "date": "2024-09-06", "close": 23.253551, "volume": 2771712, "typical_volume": 3918986.25, "trend": 22.904823, "fair_value": 21.28868, "relative_strength": -5.849786, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.965403, "energy": 70.565893, "activity_lines": [ 23.222583, 23.182187, 23.112498, 23.030257 ] }, { "date": "2024-09-13", "close": 23.299416, "volume": 2322422, "typical_volume": 3816551.35, "trend": 22.931764, "fair_value": 21.306587, "relative_strength": -8.985774, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.046809, "energy": 79.026845, "activity_lines": [ 23.255004, 23.208679, 23.13718, 23.055715 ] }, { "date": "2024-09-20", "close": 23.336108, "volume": 4085474, "typical_volume": 3787479.55, "trend": 22.959337, "fair_value": 21.324678, "relative_strength": -9.730559, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.881175, "energy": 81.601283, "activity_lines": [ 23.288512, 23.237778, 23.163028, 23.081801 ] }, { "date": "2024-09-27", "close": 23.354454, "volume": 2196510, "typical_volume": 3753275.55, "trend": 22.985447, "fair_value": 21.342828, "relative_strength": -9.755439, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.128644, "energy": 83.863803, "activity_lines": [ 23.317588, 23.265976, 23.188188, 23.107293 ] }, { "date": "2024-10-04", "close": 23.409313, "volume": 2929979, "typical_volume": 3778245.9, "trend": 23.012643, "fair_value": 21.36133, "relative_strength": -9.372728, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.882257, "energy": 86.446959, "activity_lines": [ 23.355006, 23.29991, 23.216221, 23.134639 ] }, { "date": "2024-10-11", "close": 23.446192, "volume": 2960183, "typical_volume": 3735133.85, "trend": 23.040476, "fair_value": 21.379964, "relative_strength": -9.848339, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.444061, "energy": 88.173343, "activity_lines": [ 23.393547, 23.335807, 23.245195, 23.16261 ] }, { "date": "2024-10-18", "close": 23.446192, "volume": 3130977, "typical_volume": 3781029.05, "trend": 23.066826, "fair_value": 21.398806, "relative_strength": -10.137816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.805141, "energy": 87.39845, "activity_lines": [ 23.419246, 23.365001, 23.271682, 23.188785 ] }, { "date": "2024-10-25", "close": 23.501512, "volume": 3542197, "typical_volume": 3731838.7, "trend": 23.093537, "fair_value": 21.418054, "relative_strength": -8.536384, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.360011, "energy": 86.442637, "activity_lines": [ 23.453599, 23.398545, 23.301033, 23.216829 ] }, { "date": "2024-11-01", "close": 23.534703, "volume": 7294021, "typical_volume": 4000701.25, "trend": 23.120958, "fair_value": 21.437458, "relative_strength": -6.727447, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.8688, "energy": 89.801402, "activity_lines": [ 23.487989, 23.43224, 23.331052, 23.245292 ] }, { "date": "2024-11-08", "close": 23.553227, "volume": 6857335, "typical_volume": 4250332.4, "trend": 23.147803, "fair_value": 21.457084, "relative_strength": -10.462632, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.061357, "energy": 94.953657, "activity_lines": [ 23.516537, 23.463314, 23.360226, 23.27318 ] }, { "date": "2024-11-15", "close": 23.581013, "volume": 3578467, "typical_volume": 4301010.05, "trend": 23.175575, "fair_value": 21.47694, "relative_strength": -8.090514, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.65993, "energy": 95.225761, "activity_lines": [ 23.544753, 23.493777, 23.389521, 23.301129 ] }, { "date": "2024-11-22", "close": 23.618061, "volume": 3383239, "typical_volume": 4351968.65, "trend": 23.202495, "fair_value": 21.497034, "relative_strength": -9.086411, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.909347, "energy": 96.033858, "activity_lines": [ 23.57633, 23.525022, 23.419816, 23.329676 ] }, { "date": "2024-11-29", "close": 23.636585, "volume": 1935055, "typical_volume": 4297470.5, "trend": 23.22956, "fair_value": 21.517241, "relative_strength": -9.705135, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.779327, "energy": 95.294659, "activity_lines": [ 23.602624, 23.553842, 23.449293, 23.357682 ] }, { "date": "2024-12-06", "close": 23.684777, "volume": 4485216, "typical_volume": 4362079.9, "trend": 23.257032, "fair_value": 21.537758, "relative_strength": -9.924654, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.139698, "energy": 94.190704, "activity_lines": [ 23.635977, 23.58596, 23.48082, 23.387051 ] }, { "date": "2024-12-13", "close": 23.703383, "volume": 3922006, "typical_volume": 4417851.7, "trend": 23.284825, "fair_value": 21.558497, "relative_strength": -8.983053, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.155725, "energy": 91.848687, "activity_lines": [ 23.665528, 23.615456, 23.511436, 23.415848 ] }, { "date": "2024-12-20", "close": 23.731291, "volume": 4438965, "typical_volume": 3898854.75, "trend": 23.31175, "fair_value": 21.579415, "relative_strength": -6.874442, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.025307, "energy": 89.300108, "activity_lines": [ 23.69437, 23.644679, 23.542067, 23.444652 ] }, { "date": "2024-12-27", "close": 23.752687, "volume": 3242715, "typical_volume": 3645550.3, "trend": 23.338789, "fair_value": 21.600463, "relative_strength": -7.093723, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.013522, "energy": 75.034164, "activity_lines": [ 23.720326, 23.672608, 23.571623, 23.4731 ] }, { "date": "2025-01-03", "close": 23.78072, "volume": 5292870, "typical_volume": 3776083.6, "trend": 23.365553, "fair_value": 21.621536, "relative_strength": -6.175594, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.292538, "energy": 87.24925, "activity_lines": [ 23.746651, 23.700062, 23.600895, 23.501611 ] }, { "date": "2025-01-10", "close": 23.808752, "volume": 4138302, "typical_volume": 3751505.5, "trend": 23.392951, "fair_value": 21.642735, "relative_strength": -3.94341, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.2503, "energy": 82.360167, "activity_lines": [ 23.772711, 23.727536, 23.629965, 23.530205 ] }, { "date": "2025-01-17", "close": 23.836784, "volume": 4484608, "typical_volume": 3849612.65, "trend": 23.420078, "fair_value": 21.664167, "relative_strength": -6.290072, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.562737, "energy": 77.11564, "activity_lines": [ 23.79985, 23.755124, 23.658832, 23.558839 ] }, { "date": "2025-01-24", "close": 23.855472, "volume": 3588940, "typical_volume": 3890474.05, "trend": 23.446925, "fair_value": 21.685666, "relative_strength": -7.519865, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.215216, "energy": 91.747535, "activity_lines": [ 23.824325, 23.780955, 23.686645, 23.586929 ] }, { "date": "2025-01-31", "close": 23.864816, "volume": 4602461, "typical_volume": 4004476.0, "trend": 23.473223, "fair_value": 21.707271, "relative_strength": -6.277604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.491797, "energy": 78.270106, "activity_lines": [ 23.843636, 23.803494, 23.712481, 23.61389 ] }, { "date": "2025-02-07", "close": 23.91857, "volume": 7090811, "typical_volume": 4154742.85, "trend": 23.500404, "fair_value": 21.729065, "relative_strength": -5.66525, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.663342, "energy": 90.01892, "activity_lines": [ 23.87339, 23.83132, 23.740745, 23.642622 ] }, { "date": "2025-02-14", "close": 23.956104, "volume": 4771463, "typical_volume": 4283490.5, "trend": 23.528232, "fair_value": 21.751203, "relative_strength": -6.632526, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.136748, "energy": 83.456422, "activity_lines": [ 23.906465, 23.860843, 23.769809, 23.672022 ] }, { "date": "2025-02-21", "close": 23.984254, "volume": 2970383, "typical_volume": 4285510.7, "trend": 23.556089, "fair_value": 21.773729, "relative_strength": -4.788369, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.924879, "energy": 77.12731, "activity_lines": [ 23.9391, 23.890552, 23.79869, 23.701443 ] }, { "date": "2025-02-28", "close": 24.003021, "volume": 5089730, "typical_volume": 4391988.05, "trend": 23.586939, "fair_value": 21.79653, "relative_strength": -3.605688, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.963215, "energy": 88.303215, "activity_lines": [ 23.968159, 23.918565, 23.82662, 23.730277 ] }, { "date": "2025-03-07", "close": 24.00803, "volume": 6881718, "typical_volume": 4579525.1, "trend": 23.616131, "fair_value": 21.820506, "relative_strength": -0.390115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.175353, "energy": 73.367, "activity_lines": [ 23.989052, 23.942549, 23.852376, 23.757444 ] }, { "date": "2025-03-14", "close": 24.026867, "volume": 10771159, "typical_volume": 4940973.2, "trend": 23.64443, "fair_value": 21.844317, "relative_strength": 2.108123, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.605763, "energy": 73.483269, "activity_lines": [ 24.006675, 23.965316, 23.87725, 23.783943 ] }, { "date": "2025-03-21", "close": 24.055123, "volume": 3802549, "typical_volume": 4766399.6, "trend": 23.672758, "fair_value": 21.868127, "relative_strength": 1.774141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.624563, "energy": 74.851282, "activity_lines": [ 24.026498, 23.988744, 23.902313, 23.81044 ] }, { "date": "2025-03-28", "close": 24.055123, "volume": 4526580, "typical_volume": 4649861.85, "trend": 23.69987, "fair_value": 21.891679, "relative_strength": 3.329213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.177932, "energy": 72.537746, "activity_lines": [ 24.039719, 24.007693, 23.924899, 23.835108 ] }, { "date": "2025-04-04", "close": 23.605596, "volume": 10333717, "typical_volume": 4987624.35, "trend": 23.711605, "fair_value": 21.912272, "relative_strength": 11.388113, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 14.189318, "energy": 20.198678, "activity_lines": [ 23.898374, 23.94094, 23.902282, 23.829026 ] }, { "date": "2025-04-11", "close": 23.728541, "volume": 20978256, "typical_volume": 5867375.2, "trend": 23.725909, "fair_value": 21.933705, "relative_strength": 5.98999, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 8.931956, "energy": 18.610283, "activity_lines": [ 23.824505, 23.901084, 23.891257, 23.830119 ] }, { "date": "2025-04-18", "close": 23.946061, "volume": 7444063, "typical_volume": 6142825.6, "trend": 23.746241, "fair_value": 21.956636, "relative_strength": 8.543114, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 31.185017, "energy": 26.17343, "activity_lines": [ 23.841775, 23.903254, 23.900423, 23.844322 ] }, { "date": "2025-04-25", "close": 24.002805, "volume": 3994877, "typical_volume": 6118308.65, "trend": 23.767853, "fair_value": 21.980165, "relative_strength": 4.101523, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 38.984428, "energy": 27.819564, "activity_lines": [ 23.883347, 23.915242, 23.913519, 23.860875 ] }, { "date": "2025-05-02", "close": 24.058117, "volume": 4411850, "typical_volume": 6142800.85, "trend": 23.789479, "fair_value": 22.003956, "relative_strength": 1.502331, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.622479, "energy": 31.420838, "activity_lines": [ 23.946844, 23.936437, 23.930368, 23.879601 ] }, { "date": "2025-05-09", "close": 24.077113, "volume": 3512567, "typical_volume": 6096480.95, "trend": 23.81051, "fair_value": 22.028155, "relative_strength": 2.101877, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.665829, "energy": 52.204316, "activity_lines": [ 24.016474, 23.959744, 23.947337, 23.898158 ] }, { "date": "2025-05-16", "close": 24.1341, "volume": 3170044, "typical_volume": 6092847.4, "trend": 23.83344, "fair_value": 22.052719, "relative_strength": -2.659383, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.232471, "energy": 67.961158, "activity_lines": [ 24.073665, 23.992064, 23.968087, 23.919035 ] }, { "date": "2025-05-23", "close": 24.153096, "volume": 3212198, "typical_volume": 5988813.8, "trend": 23.85516, "fair_value": 22.077249, "relative_strength": 0.054341, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.553203, "energy": 71.425452, "activity_lines": [ 24.110151, 24.025546, 23.988829, 23.939658 ] }, { "date": "2025-05-30", "close": 24.18159, "volume": 1873403, "typical_volume": 5875568.85, "trend": 23.876723, "fair_value": 22.102391, "relative_strength": -1.43722, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.454004, "energy": 71.522614, "activity_lines": [ 24.142332, 24.061914, 24.010512, 23.960718 ] }, { "date": "2025-06-06", "close": 24.236758, "volume": 4143608, "typical_volume": 5858518.85, "trend": 23.899507, "fair_value": 22.128355, "relative_strength": -2.679578, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.805186, "energy": 71.29125, "activity_lines": [ 24.180983, 24.106013, 24.035674, 23.983946 ] }, { "date": "2025-06-13", "close": 24.246296, "volume": 4625619, "typical_volume": 5910352.8, "trend": 23.921683, "fair_value": 22.155318, "relative_strength": -2.189377, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.115638, "energy": 66.544396, "activity_lines": [ 24.210905, 24.148543, 24.05984, 24.00632 ] }, { "date": "2025-06-20", "close": 24.284449, "volume": 3418521, "typical_volume": 5851155.8, "trend": 23.943896, "fair_value": 22.1819, "relative_strength": -1.789719, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.532277, "energy": 66.119112, "activity_lines": [ 24.242265, 24.186362, 24.085778, 24.029724 ] }, { "date": "2025-06-27", "close": 24.322603, "volume": 2811317, "typical_volume": 5637181.1, "trend": 23.966763, "fair_value": 22.209227, "relative_strength": -4.78916, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.398262, "energy": 66.881862, "activity_lines": [ 24.27632, 24.22101, 24.113351, 24.054157 ] }, { "date": "2025-07-04", "close": 24.358819, "volume": 3282494, "typical_volume": 5562732.65, "trend": 23.989231, "fair_value": 22.236785, "relative_strength": -6.100023, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.184936, "energy": 84.005368, "activity_lines": [ 24.311147, 24.255396, 24.14245, 24.079451 ] }, { "date": "2025-07-11", "close": 24.387556, "volume": 2967881, "typical_volume": 5562607.55, "trend": 24.012037, "fair_value": 22.264685, "relative_strength": -5.613459, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.196184, "energy": 93.846513, "activity_lines": [ 24.343737, 24.288535, 24.172368, 24.105149 ] }, { "date": "2025-07-18", "close": 24.425871, "volume": 3321916, "typical_volume": 5474216.85, "trend": 24.03519, "fair_value": 22.292517, "relative_strength": -5.899265, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.503173, "energy": 95.813188, "activity_lines": [ 24.379046, 24.32265, 24.204014, 24.131848 ] }, { "date": "2025-07-25", "close": 24.473765, "volume": 3230677, "typical_volume": 5291664.8, "trend": 24.059226, "fair_value": 22.320291, "relative_strength": -6.923176, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.098094, "energy": 97.162174, "activity_lines": [ 24.418348, 24.359132, 24.238209, 24.160143 ] }, { "date": "2025-08-01", "close": 24.47137, "volume": 5551426, "typical_volume": 5030678.15, "trend": 24.082247, "fair_value": 22.347905, "relative_strength": -4.430367, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.61826, "energy": 94.210848, "activity_lines": [ 24.44423, 24.389003, 24.269957, 24.186733 ] }, { "date": "2025-08-08", "close": 24.519466, "volume": 3649991, "typical_volume": 5023050.25, "trend": 24.105938, "fair_value": 22.375306, "relative_strength": -6.327145, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.358981, "energy": 96.214906, "activity_lines": [ 24.476227, 24.421832, 24.304169, 24.214941 ] }, { "date": "2025-08-15", "close": 24.548324, "volume": 3163476, "typical_volume": 4954895.05, "trend": 24.129656, "fair_value": 22.402735, "relative_strength": -6.94715, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.346721, "energy": 96.110129, "activity_lines": [ 24.507133, 24.453764, 24.338919, 24.243482 ] }, { "date": "2025-08-22", "close": 24.586801, "volume": 3994156, "typical_volume": 4637917.0, "trend": 24.154034, "fair_value": 22.430201, "relative_strength": -6.910122, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.999794, "energy": 94.970973, "activity_lines": [ 24.540147, 24.487028, 24.374984, 24.272975 ] }, { "date": "2025-08-29", "close": 24.577182, "volume": 3160710, "typical_volume": 3747039.7, "trend": 24.177779, "fair_value": 22.457314, "relative_strength": -6.749406, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.489242, "energy": 77.125223, "activity_lines": [ 24.559226, 24.512351, 24.405461, 24.300275 ] }, { "date": "2025-09-05", "close": 24.615357, "volume": 2679063, "typical_volume": 3508789.7, "trend": 24.201005, "fair_value": 22.48433, "relative_strength": -6.677379, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.61502, "energy": 79.698058, "activity_lines": [ 24.584135, 24.539293, 24.435532, 24.328506 ] }, { "date": "2025-09-12", "close": 24.625017, "volume": 3307142, "typical_volume": 3474402.95, "trend": 24.223302, "fair_value": 22.51154, "relative_strength": -7.888764, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.700167, "energy": 73.486256, "activity_lines": [ 24.602666, 24.562669, 24.463337, 24.355861 ] }, { "date": "2025-09-19", "close": 24.653999, "volume": 3533427, "typical_volume": 3430481.8, "trend": 24.245627, "fair_value": 22.538595, "relative_strength": -8.715487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.120849, "energy": 74.62321, "activity_lines": [ 24.62382, 24.586474, 24.490938, 24.383648 ] }, { "date": "2025-09-26", "close": 24.692642, "volume": 2269514, "typical_volume": 3368329.15, "trend": 24.268615, "fair_value": 22.56671, "relative_strength": -8.136785, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.391609, "energy": 76.135129, "activity_lines": [ 24.65081, 24.612461, 24.519383, 24.412488 ] }, { "date": "2025-10-03", "close": 24.728854, "volume": 3797530, "typical_volume": 3399703.45, "trend": 24.292642, "fair_value": 22.594664, "relative_strength": -8.828141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.956407, "energy": 76.714354, "activity_lines": [ 24.682815, 24.640181, 24.548345, 24.442181 ] }, { "date": "2025-10-10", "close": 24.719153, "volume": 3393921, "typical_volume": 3408789.6, "trend": 24.315718, "fair_value": 22.623344, "relative_strength": -6.467284, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.69054, "energy": 71.791922, "activity_lines": [ 24.701475, 24.6615, 24.57355, 24.469698 ] }, { "date": "2025-10-17", "close": 24.757958, "volume": 4948986, "typical_volume": 3562568.75, "trend": 24.339146, "fair_value": 22.651694, "relative_strength": -7.777772, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.125138, "energy": 73.679801, "activity_lines": [ 24.72615, 24.685368, 24.599757, 24.498229 ] }, { "date": "2025-10-24", "close": 24.787063, "volume": 3360790, "typical_volume": 3523427.85, "trend": 24.363544, "fair_value": 22.680231, "relative_strength": -9.229094, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.548231, "energy": 74.180506, "activity_lines": [ 24.751664, 24.710193, 24.62599, 24.527127 ] }, { "date": "2025-10-31", "close": 24.787063, "volume": 3190266, "typical_volume": 3451660.2, "trend": 24.402926, "fair_value": 22.708718, "relative_strength": -9.637734, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.41925, "energy": 71.964357, "activity_lines": [ 24.768307, 24.730677, 24.649603, 24.554451 ] }, { "date": "2025-11-07", "close": 24.804178, "volume": 4170192, "typical_volume": 3489243.75, "trend": 24.438781, "fair_value": 22.736786, "relative_strength": -7.953871, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.981444, "energy": 72.143508, "activity_lines": [ 24.78436, 24.750631, 24.672271, 24.580338 ] }, { "date": "2025-11-14", "close": 24.85289, "volume": 3278768, "typical_volume": 3512616.3, "trend": 24.469008, "fair_value": 22.765167, "relative_strength": -7.738856, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.727281, "energy": 74.78613, "activity_lines": [ 24.811629, 24.775315, 24.697103, 24.607055 ] }, { "date": "2025-11-21", "close": 24.862633, "volume": 5403162, "typical_volume": 3618649.7, "trend": 24.497669, "fair_value": 22.793558, "relative_strength": -5.786927, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.699193, "energy": 73.320294, "activity_lines": [ 24.83323, 24.797451, 24.720338, 24.63245 ] }, { "date": "2025-11-28", "close": 24.883481, "volume": 2136373, "typical_volume": 3577074.3, "trend": 24.525182, "fair_value": 22.821893, "relative_strength": -8.925113, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.570711, "energy": 73.325279, "activity_lines": [ 24.854802, 24.819058, 24.743159, 24.657341 ] }, { "date": "2025-12-05", "close": 24.903044, "volume": 4025389, "typical_volume": 3612247.95, "trend": 24.552713, "fair_value": 22.850089, "relative_strength": -9.022665, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.083031, "energy": 73.2503, "activity_lines": [ 24.876467, 24.84005, 24.765482, 24.681719 ] }, { "date": "2025-12-12", "close": 24.932388, "volume": 3136100, "typical_volume": 3607519.1, "trend": 24.579322, "fair_value": 22.878236, "relative_strength": -8.251857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.25986, "energy": 73.948613, "activity_lines": [ 24.900181, 24.862551, 24.788327, 24.706214 ] }, { "date": "2025-12-19", "close": 24.961731, "volume": 3440033, "typical_volume": 3501949.45, "trend": 24.606277, "fair_value": 22.906279, "relative_strength": -8.080563, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.863802, "energy": 75.320483, "activity_lines": [ 24.925129, 24.886686, 24.811783, 24.730886 ] }, { "date": "2025-12-26", "close": 24.981294, "volume": 2869655, "typical_volume": 3462932.65, "trend": 24.632934, "fair_value": 22.934234, "relative_strength": -9.119915, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.170906, "energy": 75.514673, "activity_lines": [ 24.949342, 24.909968, 24.834768, 24.755081 ] }, { "date": "2026-01-02", "close": 25.03198, "volume": 3077782, "typical_volume": 3458647.95, "trend": 24.659441, "fair_value": 22.96193, "relative_strength": -7.805551, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.809205, "energy": 80.424932, "activity_lines": [ 24.982539, 24.938405, 24.86038, 24.780825 ] }, { "date": "2026-01-09", "close": 25.0418, "volume": 4277733, "typical_volume": 3472826.8, "trend": 24.685958, "fair_value": 22.989369, "relative_strength": -8.979302, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.471901, "energy": 95.299812, "activity_lines": [ 25.00911, 24.964175, 24.884624, 24.805494 ] }, { "date": "2026-01-16", "close": 25.051621, "volume": 3543866, "typical_volume": 3491984.6, "trend": 24.71153, "fair_value": 23.016447, "relative_strength": -8.442599, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.975122, "energy": 93.8176, "activity_lines": [ 25.029704, 24.987098, 24.907637, 24.829085 ] }, { "date": "2026-01-23", "close": 25.090902, "volume": 5450723, "typical_volume": 3630567.6, "trend": 24.73714, "fair_value": 23.043378, "relative_strength": -7.828176, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.775918, "energy": 95.797537, "activity_lines": [ 25.055443, 25.012665, 24.932132, 24.853561 ] }, { "date": "2026-01-30", "close": 25.120363, "volume": 2466751, "typical_volume": 3588548.05, "trend": 24.762525, "fair_value": 23.070367, "relative_strength": -7.914254, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.425066, "energy": 95.81059, "activity_lines": [ 25.082391, 25.03926, 24.957168, 24.878285 ] }, { "date": "2026-02-06", "close": 25.164332, "volume": 4643268, "typical_volume": 3644040.1, "trend": 24.788417, "fair_value": 23.096996, "relative_strength": -7.399201, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.586372, "energy": 77.882311, "activity_lines": [ 25.114724, 25.069164, 24.984032, 24.904208 ] }, { "date": "2026-02-13", "close": 25.174189, "volume": 3603661, "typical_volume": 3710747.45, "trend": 24.813361, "fair_value": 23.123529, "relative_strength": -6.027881, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.794358, "energy": 85.18469, "activity_lines": [ 25.141519, 25.095754, 25.009406, 24.929096 ] }, { "date": "2026-02-20", "close": 25.213616, "volume": 3922511, "typical_volume": 3716996.5, "trend": 24.838023, "fair_value": 23.150101, "relative_strength": -6.75236, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.319612, "energy": 85.996728, "activity_lines": [ 25.172631, 25.124582, 25.036241, 24.954919 ] }, { "date": "2026-02-27", "close": 25.213616, "volume": 2719332, "typical_volume": 3683267.05, "trend": 24.862765, "fair_value": 23.176502, "relative_strength": -6.095292, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.004911, "energy": 84.755869, "activity_lines": [ 25.192943, 25.148298, 25.060768, 24.979151 ] }, { "date": "2026-03-06", "close": 25.229454, "volume": 4125327, "typical_volume": 3642084.1, "trend": 24.886431, "fair_value": 23.202898, "relative_strength": -3.914727, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.960855, "energy": 73.878228, "activity_lines": [ 25.210353, 25.170313, 25.084449, 25.002808 ] }, { "date": "2026-03-13", "close": 25.160224, "volume": 2701228, "typical_volume": 3609106.0, "trend": 24.906828, "fair_value": 23.231261, "relative_strength": -2.468742, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.378258, "energy": 68.360758, "activity_lines": [ 25.197414, 25.175228, 25.099291, 25.020472 ] }, { "date": "2026-03-20", "close": 25.180004, "volume": 3866342, "typical_volume": 3642909.8, "trend": 24.926601, "fair_value": 23.25943, "relative_strength": -0.390891, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.365863, "energy": 66.309367, "activity_lines": [ 25.191342, 25.181409, 25.11424, 25.038097 ] }, { "date": "2026-03-27", "close": 25.160224, "volume": 6157717, "typical_volume": 3742286.05, "trend": 24.946036, "fair_value": 23.286883, "relative_strength": 2.01052, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.763849, "energy": 57.560678, "activity_lines": [ 25.178289, 25.18148, 25.125434, 25.053169 ] }, { "date": "2026-04-03", "close": 25.192762, "volume": 3748858, "typical_volume": 3765790.55, "trend": 24.965283, "fair_value": 23.314481, "relative_strength": -0.809941, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.06176, "energy": 51.410706, "activity_lines": [ 25.179641, 25.185493, 25.138031, 25.069087 ] }, { "date": "2026-04-10", "close": 25.262245, "volume": 3350886, "typical_volume": 3663176.75, "trend": 24.986523, "fair_value": 23.341772, "relative_strength": -3.623607, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.166063, "energy": 63.190816, "activity_lines": [ 25.205545, 25.200287, 25.155627, 25.088246 ] }, { "date": "2026-04-17", "close": 25.262245, "volume": 4538646, "typical_volume": 3783290.4, "trend": 25.006798, "fair_value": 23.368846, "relative_strength": -7.305035, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.423262, "energy": 64.347392, "activity_lines": [ 25.229263, 25.212501, 25.171321, 25.106034 ] }, { "date": "2026-04-24", "close": 25.331729, "volume": 3575085, "typical_volume": 3760775.2, "trend": 25.028101, "fair_value": 23.396097, "relative_strength": -7.144224, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.313542, "energy": 72.62489, "activity_lines": [ 25.269341, 25.235568, 25.191828, 25.126998 ] }, { "date": "2026-05-01", "close": 25.287543, "volume": 2340123, "typical_volume": 3720976.35, "trend": 25.046724, "fair_value": 23.422848, "relative_strength": -7.805243, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.849105, "energy": 65.762745, "activity_lines": [ 25.284575, 25.247738, 25.206086, 25.143736 ] }, { "date": "2026-05-08", "close": 25.317329, "volume": 5017644, "typical_volume": 3799856.9, "trend": 25.066663, "fair_value": 23.44952, "relative_strength": -9.41605, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.165938, "energy": 75.882232, "activity_lines": [ 25.301249, 25.263978, 25.221489, 25.161194 ] }, { "date": "2026-05-15", "close": 25.357042, "volume": 4627534, "typical_volume": 3887750.85, "trend": 25.086633, "fair_value": 23.4765, "relative_strength": -9.151718, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.058387, "energy": 72.353627, "activity_lines": [ 25.322857, 25.285554, 25.238982, 25.179928 ] }, { "date": "2026-05-22", "close": 25.386827, "volume": 3868490, "typical_volume": 3927286.25, "trend": 25.106625, "fair_value": 23.503238, "relative_strength": -9.458949, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.371831, "energy": 70.348444, "activity_lines": [ 25.348074, 25.310225, 25.257521, 25.199296 ] }, { "date": "2026-05-29", "close": 25.386827, "volume": 4856413, "typical_volume": 3956220.25, "trend": 25.126617, "fair_value": 23.529117, "relative_strength": -10.392522, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.870381, "energy": 69.723044, "activity_lines": [ 25.364985, 25.330777, 25.274371, 25.217373 ] }, { "date": "2026-06-05", "close": 25.433131, "volume": 5324277, "typical_volume": 4045240.8, "trend": 25.147582, "fair_value": 23.555183, "relative_strength": -7.619845, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.58778, "energy": 74.908741, "activity_lines": [ 25.393657, 25.355986, 25.293988, 25.237148 ] }, { "date": "2026-06-12", "close": 25.443097, "volume": 4323255, "typical_volume": 3988867.4, "trend": 25.167256, "fair_value": 23.581259, "relative_strength": -7.784923, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.638849, "energy": 82.01172, "activity_lines": [ 25.415946, 25.378046, 25.312737, 25.256214 ] }, { "date": "2026-06-19", "close": 25.472995, "volume": 5644448, "typical_volume": 4147752.25, "trend": 25.187601, "fair_value": 23.607527, "relative_strength": -8.185635, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.984155, "energy": 83.92407, "activity_lines": [ 25.439816, 25.400991, 25.332657, 25.275939 ] }, { "date": "2026-06-26", "close": 25.502893, "volume": 5720753, "typical_volume": 4201626.5, "trend": 25.208248, "fair_value": 23.63366, "relative_strength": -5.594966, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.464218, "energy": 91.084537, "activity_lines": [ 25.465922, 25.425539, 25.353744, 25.29628 ] }, { "date": "2026-07-03", "close": 25.449948, "volume": 3187392, "typical_volume": 4180813.05, "trend": 25.226478, "fair_value": 23.659251, "relative_strength": -7.538165, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.530595, "energy": 80.231185, "activity_lines": [ 25.466641, 25.436086, 25.368178, 25.311874 ] }, { "date": "2026-07-10", "close": 25.469877, "volume": 6770282, "typical_volume": 4323201.6, "trend": 25.244395, "fair_value": 23.684861, "relative_strength": -8.43588, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.371565, "energy": 72.542649, "activity_lines": [ 25.469796, 25.448106, 25.383196, 25.327577 ] }, { "date": "2026-07-17", "close": 25.479842, "volume": 5891409, "typical_volume": 4481805.45, "trend": 25.261665, "fair_value": 23.710261, "relative_strength": -6.716226, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.317356, "energy": 65.548893, "activity_lines": [ 25.473823, 25.458624, 25.397942, 25.342767 ] }, { "date": "2026-07-24", "close": 25.499772, "volume": 5411121, "typical_volume": 4546095.15, "trend": 25.278948, "fair_value": 23.735405, "relative_strength": -5.879148, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.169955, "energy": 65.833498, "activity_lines": [ 25.482043, 25.46981, 25.41332, 25.358129 ] }, { "date": "2026-07-31", "close": 25.519701, "volume": 8563751, "typical_volume": 4839221.3, "trend": 25.295205, "fair_value": 23.760388, "relative_strength": -6.550772, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.800631, "energy": 69.01499, "activity_lines": [ 25.495121, 25.482024, 25.429307, 25.373661 ] }, { "date": "2026-08-07", "close": 25.54, "volume": 6380178, "typical_volume": 4964913.1, "trend": 25.311812, "fair_value": 23.785446, "relative_strength": -9.368655, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.99586, "energy": 72.465897, "activity_lines": [ 25.513845, 25.495514, 25.445517, 25.389454 ] } ], "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." } } }