{ "ticker": { "uuid": "eb6f935e-bbe4-4e90-a38b-d651c701bc5e", "symbol": "SPXD", "name": "Invesco S&P 500 UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.251, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.847, "architecture_energy": 66.858, "architecture_maturity": 88.623, "architecture_confidence": 64.685, "architecture_tenure": "Established", "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": 15.71, "rotation_up": 53.25, "upward_expansion": 82.84, "deceleration": 71.4, "rotation_down": 29.1, "downward_expansion": 11.84 }, "activity_lines": [ 60.984667, 60.755824, 59.905464, 58.571695 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 62.220001, "trend_reference": 56.998914, "distance_from_trend": 0.0916, "trend_direction": "Improving", "fair_value": 48.421862, "distance_from_fair_value": 0.284957, "fair_value_direction": "Improving", "relative_strength": -3.341311, "relative_strength_direction": "Weakening", "price_momentum": 0.153352, "excess_performance": -0.01754, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.0916, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04029, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.284957, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.030119, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.033413, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010766, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.153352, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.340442, "read": "Demand-led" } ], "volume": { "latest": 51634, "relative_activity": 1.74332, "balance": 2.340442, "dry_up": 1.591876, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.01787, "annualized_volatility": 0.11761, "from_high_reference": -0.004639, "from_low_reference": 0.242458 }, "levels": { "trend_reference": 56.998914, "fair_value_reference": 48.421862, "structural_low": 51.5, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.013027, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.005594, "regime_survival": 0.8, "best_return": 0.079797, "worst_return": -0.102076, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.027903, "positive_rate": 0.733333, "directional_follow_through": 0.733333, "median_excess_return": -0.001928, "regime_survival": 0.533333, "best_return": 0.126034, "worst_return": -0.177991, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.073191, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.00464, "regime_survival": 0.375, "best_return": 0.197662, "worst_return": -0.086248, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.088522, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.072193, "regime_survival": 0.5, "best_return": 0.227654, "worst_return": 0.060304, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-13", "end": "2023-11-24", "tenure": "Developing", "return": 0.010817, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-05-03", "tenure": "Established", "return": 0.132836, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.006214, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.003463, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.059792, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.089652, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.114973, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.134346, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.039726, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.016653, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-02-20", "tenure": "Established", "return": 0.064528, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.04177, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.071442, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.101218, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 35.954628, "volume": 510, "typical_volume": 13435.55, "trend": 34.65531, "fair_value": 32.287654, "relative_strength": -3.706819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.996025, "energy": 53.322226, "activity_lines": [ 36.459187, 36.424697, 35.925701, 35.331635 ] }, { "date": "2023-08-25", "close": 36.474594, "volume": 16280, "typical_volume": 13862.5, "trend": 34.762973, "fair_value": 32.360018, "relative_strength": -3.352073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.150047, "energy": 40.408024, "activity_lines": [ 36.415536, 36.447194, 36.038972, 35.449008 ] }, { "date": "2023-09-01", "close": 37.509708, "volume": 5881, "typical_volume": 13628.3, "trend": 34.87236, "fair_value": 32.443672, "relative_strength": -1.715284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.503314, "energy": 55.1032, "activity_lines": [ 36.728477, 36.653342, 36.235967, 35.626216 ] }, { "date": "2023-09-08", "close": 37.437496, "volume": 8420, "typical_volume": 12033.4, "trend": 34.98825, "fair_value": 32.525832, "relative_strength": -0.036548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.737823, "energy": 57.822664, "activity_lines": [ 36.999695, 36.814234, 36.407051, 35.791709 ] }, { "date": "2023-09-15", "close": 37.569683, "volume": 11586, "typical_volume": 12352.5, "trend": 35.11348, "fair_value": 32.611828, "relative_strength": -1.512609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.657609, "energy": 67.207574, "activity_lines": [ 37.268756, 36.980866, 36.572078, 35.958253 ] }, { "date": "2023-09-22", "close": 36.69474, "volume": 15894, "typical_volume": 12415.55, "trend": 35.223867, "fair_value": 32.692394, "relative_strength": -2.293495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.477463, "energy": 55.228551, "activity_lines": [ 37.170595, 36.961415, 36.634549, 36.06027 ] }, { "date": "2023-09-29", "close": 36.64156, "volume": 22547, "typical_volume": 12367.65, "trend": 35.321023, "fair_value": 32.769542, "relative_strength": -0.847549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.200586, "energy": 46.294769, "activity_lines": [ 37.005367, 36.919627, 36.67623, 36.151734 ] }, { "date": "2023-10-06", "close": 36.269344, "volume": 21619, "typical_volume": 11658.8, "trend": 35.438871, "fair_value": 32.84102, "relative_strength": 0.084984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.359526, "energy": 25.794602, "activity_lines": [ 36.704936, 36.810278, 36.66916, 36.212916 ] }, { "date": "2023-10-13", "close": 37.091125, "volume": 8325, "typical_volume": 11135.85, "trend": 35.58341, "fair_value": 32.915814, "relative_strength": 1.198168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.221581, "energy": 23.03779, "activity_lines": [ 36.761123, 36.868082, 36.732569, 36.319513 ] }, { "date": "2023-10-20", "close": 35.921295, "volume": 7346, "typical_volume": 11278.0, "trend": 35.693589, "fair_value": 32.985446, "relative_strength": 1.507741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.413542, "energy": 15.628371, "activity_lines": [ 36.450458, 36.706882, 36.674511, 36.341312 ] }, { "date": "2023-10-27", "close": 35.210701, "volume": 51458, "typical_volume": 13211.05, "trend": 35.750837, "fair_value": 33.05641, "relative_strength": 0.104788, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.365074, "energy": 24.798726, "activity_lines": [ 36.012821, 36.425843, 36.547534, 36.310158 ] }, { "date": "2023-11-03", "close": 36.56905, "volume": 45244, "typical_volume": 15032.75, "trend": 35.857997, "fair_value": 33.128241, "relative_strength": -0.833104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.198601, "energy": 16.813046, "activity_lines": [ 36.126902, 36.405302, 36.552544, 36.362946 ] }, { "date": "2023-11-10", "close": 36.883263, "volume": 4422, "typical_volume": 14144.7, "trend": 35.970357, "fair_value": 33.198537, "relative_strength": 0.757963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.749385, "energy": 18.269994, "activity_lines": [ 36.350556, 36.440174, 36.585838, 36.429092 ] }, { "date": "2023-11-17", "close": 37.255478, "volume": 10618, "typical_volume": 13877.8, "trend": 36.094805, "fair_value": 33.270983, "relative_strength": -1.492275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.461399, "energy": 20.12774, "activity_lines": [ 36.657353, 36.55411, 36.649149, 36.512003 ] }, { "date": "2023-11-24", "close": 37.492336, "volume": 28652, "typical_volume": 15176.95, "trend": 36.226828, "fair_value": 33.343083, "relative_strength": -0.471884, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.350334, "energy": 39.650897, "activity_lines": [ 37.032145, 36.714422, 36.731094, 36.602166 ] }, { "date": "2023-12-01", "close": 37.932232, "volume": 38996, "typical_volume": 16592.1, "trend": 36.378149, "fair_value": 33.418298, "relative_strength": -0.790031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.149796, "energy": 69.710353, "activity_lines": [ 37.448834, 36.95612, 36.84823, 36.712193 ] }, { "date": "2023-12-08", "close": 38.439804, "volume": 27800, "typical_volume": 17782.9, "trend": 36.531207, "fair_value": 33.498505, "relative_strength": -0.870036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.50148, "energy": 81.958565, "activity_lines": [ 37.853278, 37.267605, 37.004495, 36.845203 ] }, { "date": "2023-12-15", "close": 39.005161, "volume": 33323, "typical_volume": 19205.55, "trend": 36.676901, "fair_value": 33.581445, "relative_strength": 0.799035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.861429, "energy": 89.063213, "activity_lines": [ 38.321458, 37.649186, 37.206072, 37.004812 ] }, { "date": "2023-12-22", "close": 38.956623, "volume": 38508, "typical_volume": 20196.45, "trend": 36.809471, "fair_value": 33.66351, "relative_strength": 0.826416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.653547, "energy": 90.385066, "activity_lines": [ 38.631998, 37.972201, 37.394643, 37.151891 ] }, { "date": "2023-12-29", "close": 38.791618, "volume": 1143, "typical_volume": 19928.6, "trend": 36.913847, "fair_value": 33.744012, "relative_strength": 0.491647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.391092, "energy": 86.616753, "activity_lines": [ 38.774127, 38.231296, 37.556964, 37.279772 ] }, { "date": "2024-01-05", "close": 38.723671, "volume": 55712, "typical_volume": 22688.7, "trend": 37.012603, "fair_value": 33.820962, "relative_strength": 0.043329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.125888, "energy": 83.244484, "activity_lines": [ 38.806988, 38.425849, 37.701597, 37.396535 ] }, { "date": "2024-01-12", "close": 39.315765, "volume": 28313, "typical_volume": 23290.35, "trend": 37.115654, "fair_value": 33.9004, "relative_strength": 1.43476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.137427, "energy": 81.323059, "activity_lines": [ 38.984451, 38.664184, 37.889435, 37.545126 ] }, { "date": "2024-01-19", "close": 39.805931, "volume": 72882, "typical_volume": 26640.4, "trend": 37.251092, "fair_value": 33.981199, "relative_strength": 3.235502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.12075, "energy": 84.038191, "activity_lines": [ 39.266906, 38.9417, 38.110425, 37.718692 ] }, { "date": "2024-01-26", "close": 40.703785, "volume": 70275, "typical_volume": 29733.15, "trend": 37.393509, "fair_value": 34.071821, "relative_strength": 5.103277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.647508, "energy": 94.69153, "activity_lines": [ 39.79526, 39.329322, 38.405991, 37.941446 ] }, { "date": "2024-02-02", "close": 41.339554, "volume": 71400, "typical_volume": 32723.85, "trend": 37.568674, "fair_value": 34.158117, "relative_strength": 5.446389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.126039, "energy": 97.577157, "activity_lines": [ 40.41906, 39.769843, 38.746552, 38.19603 ] }, { "date": "2024-02-09", "close": 41.941345, "volume": 24877, "typical_volume": 33173.0, "trend": 37.766787, "fair_value": 34.247854, "relative_strength": 5.317577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.158637, "energy": 97.454552, "activity_lines": [ 41.073595, 40.24983, 39.126475, 38.478138 ] }, { "date": "2024-02-16", "close": 42.164593, "volume": 11165, "typical_volume": 32603.9, "trend": 37.950676, "fair_value": 34.338815, "relative_strength": 3.78398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.461647, "energy": 96.238778, "activity_lines": [ 41.588034, 40.697515, 39.502676, 38.761867 ] }, { "date": "2024-02-23", "close": 42.295624, "volume": 13272, "typical_volume": 32186.55, "trend": 38.119033, "fair_value": 34.434802, "relative_strength": 0.936171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.40276, "energy": 93.7294, "activity_lines": [ 41.956228, 41.1013, 39.865056, 39.042186 ] }, { "date": "2024-03-01", "close": 42.713001, "volume": 21653, "typical_volume": 32852.95, "trend": 38.317993, "fair_value": 34.5348, "relative_strength": 1.0824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.109044, "energy": 94.344487, "activity_lines": [ 42.297568, 41.521146, 40.23849, 39.338572 ] }, { "date": "2024-03-08", "close": 42.58197, "volume": 56031, "typical_volume": 35287.2, "trend": 38.522856, "fair_value": 34.625586, "relative_strength": -0.75702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.804164, "energy": 87.305236, "activity_lines": [ 42.461284, 41.84887, 40.572674, 39.613667 ] }, { "date": "2024-03-15", "close": 42.459499, "volume": 6727, "typical_volume": 33050.65, "trend": 38.739685, "fair_value": 34.715117, "relative_strength": -2.556021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.471805, "energy": 68.572953, "activity_lines": [ 42.501348, 42.08541, 40.863476, 39.867644 ] }, { "date": "2024-03-22", "close": 43.804016, "volume": 27169, "typical_volume": 32146.9, "trend": 38.983999, "fair_value": 34.810881, "relative_strength": -0.676381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.550839, "energy": 76.476349, "activity_lines": [ 42.955041, 42.498485, 41.247809, 40.194375 ] }, { "date": "2024-03-29", "close": 43.998871, "volume": 15378, "typical_volume": 32694.7, "trend": 39.200304, "fair_value": 34.904079, "relative_strength": -1.445735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.638863, "energy": 75.10806, "activity_lines": [ 43.36439, 42.865383, 41.616248, 40.517915 ] }, { "date": "2024-04-05", "close": 43.409431, "volume": 8671, "typical_volume": 32597.35, "trend": 39.399369, "fair_value": 34.990814, "relative_strength": -0.728662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.853485, "energy": 67.459342, "activity_lines": [ 43.46371, 43.048875, 41.894666, 40.789471 ] }, { "date": "2024-04-12", "close": 43.823498, "volume": 80695, "typical_volume": 35199.5, "trend": 39.607829, "fair_value": 35.078325, "relative_strength": 0.807302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.350504, "energy": 69.418477, "activity_lines": [ 43.654624, 43.258458, 42.183214, 41.074899 ] }, { "date": "2024-04-19", "close": 42.396164, "volume": 74412, "typical_volume": 36970.3, "trend": 39.797877, "fair_value": 35.158029, "relative_strength": -2.990569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.606689, "energy": 62.84569, "activity_lines": [ 43.286991, 43.163363, 42.305678, 41.254792 ] }, { "date": "2024-04-26", "close": 43.214565, "volume": 57975, "typical_volume": 38479.05, "trend": 40.016977, "fair_value": 35.242173, "relative_strength": -2.099025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.697171, "energy": 54.047057, "activity_lines": [ 43.196381, 43.208799, 42.484827, 41.475223 ] }, { "date": "2024-05-03", "close": 42.970997, "volume": 25790, "typical_volume": 38102.4, "trend": 40.240366, "fair_value": 35.324101, "relative_strength": -0.937132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.623848, "energy": 46.261345, "activity_lines": [ 43.063878, 43.19086, 42.618043, 41.665805 ] }, { "date": "2024-05-10", "close": 43.901447, "volume": 2470, "typical_volume": 36300.5, "trend": 40.467376, "fair_value": 35.414914, "relative_strength": -1.836631, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.200066, "energy": 48.429925, "activity_lines": [ 43.31005, 43.329814, 42.820987, 41.902004 ] }, { "date": "2024-05-17", "close": 44.174244, "volume": 6709, "typical_volume": 36578.8, "trend": 40.742475, "fair_value": 35.507924, "relative_strength": -3.281744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.380292, "energy": 60.069595, "activity_lines": [ 43.614353, 43.496759, 43.026366, 42.141157 ] }, { "date": "2024-05-24", "close": 44.320381, "volume": 33160, "typical_volume": 35451.2, "trend": 41.046131, "fair_value": 35.599902, "relative_strength": -0.37084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.68713, "energy": 63.259918, "activity_lines": [ 43.943985, 43.661324, 43.220031, 42.371989 ] }, { "date": "2024-05-31", "close": 43.560444, "volume": 47478, "typical_volume": 36409.45, "trend": 41.279177, "fair_value": 35.686473, "relative_strength": -2.002301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.863899, "energy": 56.006642, "activity_lines": [ 43.892024, 43.653884, 43.31467, 42.534203 ] }, { "date": "2024-06-07", "close": 44.943935, "volume": 76255, "typical_volume": 36578.1, "trend": 41.547866, "fair_value": 35.779795, "relative_strength": 0.64989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.223299, "energy": 62.234971, "activity_lines": [ 44.278169, 43.902417, 43.520857, 42.770639 ] }, { "date": "2024-06-14", "close": 45.960934, "volume": 25770, "typical_volume": 34352.85, "trend": 41.838048, "fair_value": 35.878606, "relative_strength": 9.039652, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.077002, "energy": 76.570188, "activity_lines": [ 44.871783, 44.318676, 43.799435, 43.055353 ] }, { "date": "2024-06-21", "close": 46.43512, "volume": 42820, "typical_volume": 32923.85, "trend": 42.136141, "fair_value": 35.976957, "relative_strength": 7.905272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.593218, "energy": 89.881082, "activity_lines": [ 45.486161, 44.77476, 44.098139, 43.351938 ] }, { "date": "2024-06-28", "close": 46.581772, "volume": 17123, "typical_volume": 32536.15, "trend": 42.424459, "fair_value": 36.071879, "relative_strength": 8.567022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.628096, "energy": 92.564454, "activity_lines": [ 45.998697, 45.210023, 44.386546, 43.638753 ] }, { "date": "2024-07-05", "close": 46.523102, "volume": 83005, "typical_volume": 36128.15, "trend": 42.693902, "fair_value": 36.165317, "relative_strength": 5.66006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.389035, "energy": 89.807458, "activity_lines": [ 46.340917, 45.558517, 44.647267, 43.903182 ] }, { "date": "2024-07-12", "close": 46.928844, "volume": 35701, "typical_volume": 37249.6, "trend": 42.958025, "fair_value": 36.261267, "relative_strength": 4.596797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.424406, "energy": 91.228916, "activity_lines": [ 46.620875, 45.920627, 44.925876, 44.176404 ] }, { "date": "2024-07-19", "close": 45.995159, "volume": 11481, "typical_volume": 36741.0, "trend": 43.192643, "fair_value": 36.347581, "relative_strength": 3.495548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.607455, "energy": 74.344447, "activity_lines": [ 46.457276, 46.041016, 45.0935, 44.372348 ] }, { "date": "2024-07-26", "close": 45.594303, "volume": 36251, "typical_volume": 35752.0, "trend": 43.419399, "fair_value": 36.433151, "relative_strength": 3.687485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.888574, "energy": 58.808728, "activity_lines": [ 46.157777, 46.050454, 45.207317, 44.527294 ] }, { "date": "2024-08-02", "close": 44.166885, "volume": 66555, "typical_volume": 38743.4, "trend": 43.600839, "fair_value": 36.506189, "relative_strength": 5.918629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.240204, "energy": 26.268689, "activity_lines": [ 45.438527, 45.774542, 45.170846, 44.575519 ] }, { "date": "2024-08-09", "close": 44.284206, "volume": 241068, "typical_volume": 49438.35, "trend": 43.766454, "fair_value": 36.579052, "relative_strength": 6.826694, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.252107, "energy": 24.5743, "activity_lines": [ 44.919376, 45.522752, 45.137417, 44.619607 ] }, { "date": "2024-08-16", "close": 45.804512, "volume": 39734, "typical_volume": 50656.15, "trend": 43.966407, "fair_value": 36.661242, "relative_strength": 6.141131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.089229, "energy": 26.578116, "activity_lines": [ 45.056254, 45.534223, 45.246493, 44.751095 ] }, { "date": "2024-08-23", "close": 45.731186, "volume": 19813, "typical_volume": 51213.25, "trend": 44.133987, "fair_value": 36.741465, "relative_strength": 3.952374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.881227, "energy": 23.174868, "activity_lines": [ 45.243645, 45.516714, 45.339987, 44.864951 ] }, { "date": "2024-08-30", "close": 46.048927, "volume": 26202, "typical_volume": 48488.6, "trend": 44.290966, "fair_value": 36.823726, "relative_strength": 2.427047, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.909335, "energy": 24.751514, "activity_lines": [ 45.554547, 45.561154, 45.452687, 44.988496 ] }, { "date": "2024-09-06", "close": 44.513969, "volume": 20146, "typical_volume": 45775.3, "trend": 44.37672, "fair_value": 36.897643, "relative_strength": 2.21419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.683757, "energy": 13.212989, "activity_lines": [ 45.323489, 45.333532, 45.408602, 45.002883 ] }, { "date": "2024-09-13", "close": 46.176643, "volume": 132305, "typical_volume": 49491.8, "trend": 44.510455, "fair_value": 36.98232, "relative_strength": 5.040668, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.275688, "energy": 27.35406, "activity_lines": [ 45.623517, 45.445811, 45.512783, 45.119007 ] }, { "date": "2024-09-20", "close": 46.446423, "volume": 207621, "typical_volume": 58583.35, "trend": 44.648815, "fair_value": 37.068396, "relative_strength": 4.906157, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.033385, "energy": 31.645834, "activity_lines": [ 45.887309, 45.61344, 45.628552, 45.243909 ] }, { "date": "2024-09-27", "close": 46.93203, "volume": 70894, "typical_volume": 62004.55, "trend": 44.789449, "fair_value": 37.161067, "relative_strength": 2.975664, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.770175, "energy": 48.59129, "activity_lines": [ 46.270176, 45.878132, 45.774019, 45.391213 ] }, { "date": "2024-10-04", "close": 47.437252, "volume": 170245, "typical_volume": 70181.35, "trend": 44.951292, "fair_value": 37.252594, "relative_strength": 7.424658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.196629, "energy": 67.541953, "activity_lines": [ 46.741394, 46.217649, 45.953171, 45.562039 ] }, { "date": "2024-10-11", "close": 48.349602, "volume": 106779, "typical_volume": 73862.3, "trend": 45.147629, "fair_value": 37.347478, "relative_strength": 7.062148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.749058, "energy": 77.254682, "activity_lines": [ 47.424173, 46.68954, 46.203676, 45.781285 ] }, { "date": "2024-10-18", "close": 49.188377, "volume": 112880, "typical_volume": 77132.4, "trend": 45.327107, "fair_value": 37.444827, "relative_strength": 6.01691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.690445, "energy": 85.709693, "activity_lines": [ 48.130835, 47.237886, 46.514878, 46.041978 ] }, { "date": "2024-10-25", "close": 49.207993, "volume": 56025, "typical_volume": 76120.9, "trend": 45.500745, "fair_value": 37.538039, "relative_strength": 7.169626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.05859, "energy": 87.615217, "activity_lines": [ 48.643254, 47.700631, 46.801148, 46.292358 ] }, { "date": "2024-11-01", "close": 48.315266, "volume": 248388, "typical_volume": 87251.8, "trend": 45.664273, "fair_value": 37.620036, "relative_strength": 5.347696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.920916, "energy": 83.30217, "activity_lines": [ 48.673993, 47.939181, 46.982091, 46.47394 ] }, { "date": "2024-11-08", "close": 50.944408, "volume": 151348, "typical_volume": 92678.2, "trend": 45.901636, "fair_value": 37.718075, "relative_strength": 13.551081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.11984, "energy": 93.92103, "activity_lines": [ 49.488896, 48.608774, 47.402217, 46.814594 ] }, { "date": "2024-11-15", "close": 50.905159, "volume": 150146, "typical_volume": 99329.35, "trend": 46.185269, "fair_value": 37.81169, "relative_strength": 11.853057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.885616, "energy": 91.922092, "activity_lines": [ 50.056906, 49.182222, 47.797133, 47.137401 ] }, { "date": "2024-11-22", "close": 52.298218, "volume": 86724, "typical_volume": 99515.3, "trend": 46.488058, "fair_value": 37.919668, "relative_strength": 16.819992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.127866, "energy": 93.133542, "activity_lines": [ 50.918898, 49.89275, 48.304134, 47.531785 ] }, { "date": "2024-11-29", "close": 52.170681, "volume": 44923, "typical_volume": 99976.4, "trend": 46.794714, "fair_value": 38.029321, "relative_strength": 16.322309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.0464, "energy": 91.603912, "activity_lines": [ 51.531056, 50.468787, 48.771487, 47.898406 ] }, { "date": "2024-12-06", "close": 52.58271, "volume": 93617, "typical_volume": 104083.2, "trend": 47.084089, "fair_value": 38.13465, "relative_strength": 12.33635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.556682, "energy": 91.536759, "activity_lines": [ 52.083044, 51.015662, 49.253121, 48.271825 ] }, { "date": "2024-12-13", "close": 52.585884, "volume": 82560, "typical_volume": 106398.65, "trend": 47.364477, "fair_value": 38.24028, "relative_strength": 11.540323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.932703, "energy": 89.823154, "activity_lines": [ 52.351593, 51.460374, 49.703687, 48.62678 ] }, { "date": "2024-12-20", "close": 52.162601, "volume": 161267, "typical_volume": 111134.25, "trend": 47.625885, "fair_value": 38.343347, "relative_strength": 13.898605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.846166, "energy": 79.152082, "activity_lines": [ 52.369617, 51.734515, 50.080647, 48.936336 ] }, { "date": "2024-12-27", "close": 52.280727, "volume": 70697, "typical_volume": 102615.7, "trend": 47.916561, "fair_value": 38.440845, "relative_strength": 12.434247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.82681, "energy": 65.206241, "activity_lines": [ 52.343186, 51.960805, 50.430783, 49.236648 ] }, { "date": "2025-01-03", "close": 52.526825, "volume": 48723, "typical_volume": 103065.15, "trend": 48.169324, "fair_value": 38.546307, "relative_strength": 12.647765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.651437, "energy": 64.085064, "activity_lines": [ 52.399954, 52.175616, 50.766278, 49.534085 ] }, { "date": "2025-01-10", "close": 51.965725, "volume": 228554, "typical_volume": 113502.2, "trend": 48.369484, "fair_value": 38.652178, "relative_strength": 8.099083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.861611, "energy": 58.244542, "activity_lines": [ 52.245946, 52.228066, 51.016324, 49.779014 ] }, { "date": "2025-01-17", "close": 53.334019, "volume": 110052, "typical_volume": 117694.7, "trend": 48.599447, "fair_value": 38.772243, "relative_strength": 7.10711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.15343, "energy": 63.068994, "activity_lines": [ 52.589168, 52.462926, 51.366995, 50.099307 ] }, { "date": "2025-01-24", "close": 53.196209, "volume": 112741, "typical_volume": 122324.45, "trend": 48.819928, "fair_value": 38.894075, "relative_strength": 6.83414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.128509, "energy": 60.242784, "activity_lines": [ 52.836578, 52.629281, 51.669851, 50.395872 ] }, { "date": "2025-01-31", "close": 53.747463, "volume": 183147, "typical_volume": 124866.55, "trend": 49.06074, "fair_value": 39.019049, "relative_strength": 6.947957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.422331, "energy": 61.432543, "activity_lines": [ 53.198832, 52.854209, 51.983863, 50.713777 ] }, { "date": "2025-02-07", "close": 53.412769, "volume": 184490, "typical_volume": 123710.0, "trend": 49.276871, "fair_value": 39.140431, "relative_strength": 4.468128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.253873, "energy": 63.134898, "activity_lines": [ 53.351739, 52.991933, 52.229947, 50.994553 ] }, { "date": "2025-02-14", "close": 53.26511, "volume": 115677, "typical_volume": 125949.15, "trend": 49.519203, "fair_value": 39.265958, "relative_strength": 1.545758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.612102, "energy": 58.98102, "activity_lines": [ 53.396363, 53.080227, 52.428796, 51.251859 ] }, { "date": "2025-02-21", "close": 53.255268, "volume": 66902, "typical_volume": 120782.0, "trend": 49.774568, "fair_value": 39.389855, "relative_strength": 0.227019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.045553, "energy": 57.11596, "activity_lines": [ 53.351081, 53.154324, 52.59655, 51.492896 ] }, { "date": "2025-02-28", "close": 51.690094, "volume": 42693, "typical_volume": 117577.7, "trend": 50.025342, "fair_value": 39.500376, "relative_strength": -3.361694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.845718, "energy": 34.282386, "activity_lines": [ 52.789325, 52.931674, 52.587536, 51.616478 ] }, { "date": "2025-03-07", "close": 47.988804, "volume": 68146, "typical_volume": 115341.0, "trend": 50.148828, "fair_value": 39.589339, "relative_strength": -10.098281, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -19.270967, "energy": 27.46974, "activity_lines": [ 51.094213, 52.044653, 52.21011, 51.485088 ] }, { "date": "2025-03-14", "close": 47.226631, "volume": 95413, "typical_volume": 117310.4, "trend": 50.196232, "fair_value": 39.667177, "relative_strength": -11.632072, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.506923, "energy": 52.246318, "activity_lines": [ 49.528953, 51.097089, 51.765808, 51.296559 ] }, { "date": "2025-03-21", "close": 47.819183, "volume": 33907, "typical_volume": 106586.35, "trend": 50.265832, "fair_value": 39.742586, "relative_strength": -11.334418, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.607184, "energy": 59.401295, "activity_lines": [ 48.57362, 50.35363, 51.387375, 51.143201 ] }, { "date": "2025-03-28", "close": 47.295765, "volume": 61468, "typical_volume": 102092.35, "trend": 50.307394, "fair_value": 39.814821, "relative_strength": -11.57688, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.618593, "energy": 75.828294, "activity_lines": [ 47.806877, 49.590396, 50.961455, 50.951584 ] }, { "date": "2025-04-04", "close": 43.177505, "volume": 263476, "typical_volume": 107758.85, "trend": 50.262845, "fair_value": 39.85845, "relative_strength": -9.709614, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -66.939768, "energy": 87.555915, "activity_lines": [ 46.06468, 48.188173, 50.160695, 50.491591 ] }, { "date": "2025-04-11", "close": 42.471378, "volume": 542458, "typical_volume": 130545.55, "trend": 50.139336, "fair_value": 39.899699, "relative_strength": -9.502602, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.730349, "energy": 94.681871, "activity_lines": [ 44.654613, 46.839722, 49.329482, 49.988916 ] }, { "date": "2025-04-18", "close": 42.599766, "volume": 40208, "typical_volume": 130309.8, "trend": 50.011114, "fair_value": 39.946336, "relative_strength": -14.074704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.984274, "energy": 91.259926, "activity_lines": [ 43.655171, 45.719634, 48.557292, 49.502492 ] }, { "date": "2025-04-25", "close": 44.204597, "volume": 296606, "typical_volume": 140459.25, "trend": 49.9202, "fair_value": 40.004289, "relative_strength": -14.009788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.810398, "energy": 79.86498, "activity_lines": [ 43.499131, 45.087933, 47.983518, 49.127878 ] }, { "date": "2025-05-02", "close": 45.809433, "volume": 73238, "typical_volume": 139993.15, "trend": 49.865939, "fair_value": 40.077486, "relative_strength": -13.066095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.177878, "energy": 62.694496, "activity_lines": [ 44.119007, 44.912757, 47.602481, 48.862667 ] }, { "date": "2025-05-09", "close": 46.100777, "volume": 134132, "typical_volume": 138636.4, "trend": 49.790978, "fair_value": 40.155363, "relative_strength": -14.714444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.191511, "energy": 46.980908, "activity_lines": [ 44.935088, 44.925932, 47.281461, 48.619754 ] }, { "date": "2025-05-16", "close": 48.767277, "volume": 124544, "typical_volume": 141328.75, "trend": 49.776941, "fair_value": 40.261186, "relative_strength": -12.575946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.505021, "energy": 24.915927, "activity_lines": [ 46.445117, 45.525549, 47.243258, 48.553709 ] }, { "date": "2025-05-23", "close": 46.935295, "volume": 76905, "typical_volume": 142737.85, "trend": 49.701185, "fair_value": 40.345108, "relative_strength": -13.226079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.034574, "energy": 27.38346, "activity_lines": [ 46.924758, 45.777924, 47.047312, 48.370377 ] }, { "date": "2025-05-30", "close": 47.671051, "volume": 52019, "typical_volume": 133911.1, "trend": 49.679711, "fair_value": 40.434865, "relative_strength": -13.121446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.857511, "energy": 25.877505, "activity_lines": [ 47.360617, 46.16937, 46.948064, 48.2394 ] }, { "date": "2025-06-06", "close": 48.322861, "volume": 20476, "typical_volume": 129432.3, "trend": 49.592326, "fair_value": 40.53527, "relative_strength": -12.920238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.365184, "energy": 24.103843, "activity_lines": [ 47.782648, 46.682021, 46.931344, 48.151861 ] }, { "date": "2025-06-13", "close": 47.764507, "volume": 38449, "typical_volume": 125717.7, "trend": 49.487638, "fair_value": 40.643102, "relative_strength": -11.143251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.994572, "energy": 15.661203, "activity_lines": [ 47.851, 47.074478, 46.88531, 48.033938 ] }, { "date": "2025-06-20", "close": 47.635693, "volume": 137125, "typical_volume": 123416.6, "trend": 49.33222, "fair_value": 40.740731, "relative_strength": -10.686422, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.930012, "energy": 14.211343, "activity_lines": [ 47.765498, 47.360114, 46.852874, 47.914457 ] }, { "date": "2025-06-27", "close": 48.453156, "volume": 87430, "typical_volume": 118563.6, "trend": 49.208303, "fair_value": 40.846483, "relative_strength": -10.085495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.486235, "energy": 12.163666, "activity_lines": [ 48.027923, 47.700483, 46.927395, 47.857743 ] }, { "date": "2025-07-04", "close": 48.681053, "volume": 50619, "typical_volume": 115310.7, "trend": 49.078248, "fair_value": 40.941405, "relative_strength": -9.208495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.02861, "energy": 14.144665, "activity_lines": [ 48.265123, 47.975863, 47.047237, 47.823727 ] }, { "date": "2025-07-11", "close": 49.166573, "volume": 10868, "typical_volume": 112509.0, "trend": 48.96427, "fair_value": 41.040806, "relative_strength": -9.178129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.874458, "energy": 36.97308, "activity_lines": [ 48.596829, 48.258129, 47.235148, 47.829426 ] }, { "date": "2025-07-18", "close": 49.662003, "volume": 61182, "typical_volume": 113433.45, "trend": 48.880917, "fair_value": 41.139285, "relative_strength": -8.649387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.773174, "energy": 53.836067, "activity_lines": [ 49.037431, 48.569434, 47.489713, 47.874441 ] }, { "date": "2025-07-25", "close": 49.97908, "volume": 27072, "typical_volume": 111379.75, "trend": 48.804196, "fair_value": 41.232969, "relative_strength": -8.843067, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.939054, "energy": 62.771737, "activity_lines": [ 49.457226, 48.87364, 47.784134, 47.94529 ] }, { "date": "2025-08-01", "close": 49.69173, "volume": 114530, "typical_volume": 112335.6, "trend": 48.709692, "fair_value": 41.322595, "relative_strength": -7.411508, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.360736, "energy": 61.005224, "activity_lines": [ 49.625012, 49.103568, 48.04171, 48.00255 ] }, { "date": "2025-08-08", "close": 50.306068, "volume": 13527, "typical_volume": 111316.6, "trend": 48.654371, "fair_value": 41.411061, "relative_strength": -9.813762, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.432378, "energy": 64.880247, "activity_lines": [ 49.915005, 49.395076, 48.346056, 48.105542 ] }, { "date": "2025-08-15", "close": 50.950123, "volume": 48155, "typical_volume": 110650.95, "trend": 48.574907, "fair_value": 41.499528, "relative_strength": -10.618808, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.830216, "energy": 75.435727, "activity_lines": [ 50.311349, 49.755776, 48.699899, 48.253655 ] }, { "date": "2025-08-22", "close": 50.821316, "volume": 8591, "typical_volume": 97906.7, "trend": 48.495744, "fair_value": 41.592359, "relative_strength": -11.960047, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.615599, "energy": 76.474073, "activity_lines": [ 50.545854, 50.045289, 49.024072, 48.398585 ] }, { "date": "2025-08-29", "close": 50.811405, "volume": 8871, "typical_volume": 71227.35, "trend": 48.397876, "fair_value": 41.691591, "relative_strength": -9.476374, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.431408, "energy": 86.857141, "activity_lines": [ 50.699768, 50.27742, 49.310902, 48.547982 ] }, { "date": "2025-09-05", "close": 50.751957, "volume": 44104, "typical_volume": 71422.15, "trend": 48.309182, "fair_value": 41.787983, "relative_strength": -8.148681, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.636542, "energy": 83.922162, "activity_lines": [ 50.778378, 50.441003, 49.552356, 48.699859 ] }, { "date": "2025-09-12", "close": 51.767773, "volume": 22276, "typical_volume": 57705.65, "trend": 48.259271, "fair_value": 41.888953, "relative_strength": -8.206914, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.716974, "energy": 87.387632, "activity_lines": [ 51.124911, 50.747484, 49.851735, 48.922993 ] }, { "date": "2025-09-19", "close": 52.05603, "volume": 70083, "typical_volume": 57547.9, "trend": 48.219296, "fair_value": 42.007588, "relative_strength": -6.945278, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.292525, "energy": 82.505436, "activity_lines": [ 51.470083, 51.050252, 50.142551, 49.167946 ] }, { "date": "2025-09-26", "close": 52.19519, "volume": 19991, "typical_volume": 51840.85, "trend": 48.236133, "fair_value": 42.130558, "relative_strength": -7.255211, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.002115, "energy": 79.877486, "activity_lines": [ 51.787914, 51.325787, 50.416876, 49.424455 ] }, { "date": "2025-10-03", "close": 52.910877, "volume": 48898, "typical_volume": 48058.55, "trend": 48.400202, "fair_value": 42.257172, "relative_strength": -7.057747, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.709535, "energy": 87.556141, "activity_lines": [ 52.252716, 51.685389, 50.730339, 49.726051 ] }, { "date": "2025-10-10", "close": 52.702133, "volume": 5401, "typical_volume": 44483.35, "trend": 48.582719, "fair_value": 42.383757, "relative_strength": -4.542946, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.680297, "energy": 77.409293, "activity_lines": [ 52.507972, 51.953732, 51.004191, 50.003595 ] }, { "date": "2025-10-17", "close": 52.314472, "volume": 41357, "typical_volume": 43950.25, "trend": 48.732561, "fair_value": 42.505511, "relative_strength": -4.384779, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.671114, "energy": 65.03677, "activity_lines": [ 52.503996, 52.096856, 51.213662, 50.244354 ] }, { "date": "2025-10-24", "close": 53.397938, "volume": 98566, "typical_volume": 47854.75, "trend": 48.935967, "fair_value": 42.627506, "relative_strength": -3.855861, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.067774, "energy": 68.554863, "activity_lines": [ 52.824728, 52.400458, 51.504209, 50.545346 ] }, { "date": "2025-10-31", "close": 54.680202, "volume": 41568, "typical_volume": 48010.7, "trend": 49.31939, "fair_value": 42.764212, "relative_strength": -2.934833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.058214, "energy": 74.119708, "activity_lines": [ 53.483421, 52.892693, 51.892708, 50.915941 ] }, { "date": "2025-11-07", "close": 52.950634, "volume": 51349, "typical_volume": 43721.9, "trend": 49.668699, "fair_value": 42.886326, "relative_strength": -5.060604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.806457, "energy": 62.505334, "activity_lines": [ 53.399925, 53.0003, 52.083556, 51.150215 ] }, { "date": "2025-11-14", "close": 53.706078, "volume": 10961, "typical_volume": 39898.45, "trend": 50.038909, "fair_value": 43.013405, "relative_strength": -5.689257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.417699, "energy": 61.045554, "activity_lines": [ 53.565592, 53.206365, 52.321041, 51.410691 ] }, { "date": "2025-11-21", "close": 52.741898, "volume": 14428, "typical_volume": 38088.9, "trend": 50.323486, "fair_value": 43.131407, "relative_strength": -4.024948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.315706, "energy": 50.856877, "activity_lines": [ 53.342936, 53.183413, 52.441685, 51.585078 ] }, { "date": "2025-11-28", "close": 54.411823, "volume": 9177, "typical_volume": 38004.35, "trend": 50.610232, "fair_value": 43.260785, "relative_strength": -2.12573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.879617, "energy": 50.811113, "activity_lines": [ 53.648427, 53.446373, 52.702033, 51.848841 ] }, { "date": "2025-12-05", "close": 54.541042, "volume": 45160, "typical_volume": 37203.25, "trend": 50.891575, "fair_value": 43.396294, "relative_strength": -1.685394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.08161, "energy": 53.527636, "activity_lines": [ 53.929399, 53.689994, 52.949709, 52.102442 ] }, { "date": "2025-12-12", "close": 53.697872, "volume": 17817, "typical_volume": 36740.5, "trend": 51.055928, "fair_value": 43.534351, "relative_strength": -2.986413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.258886, "energy": 45.890128, "activity_lines": [ 53.938591, 53.73766, 53.093851, 52.283493 ] }, { "date": "2025-12-19", "close": 53.857388, "volume": 20394, "typical_volume": 32033.7, "trend": 51.286664, "fair_value": 43.674776, "relative_strength": -4.911655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.235266, "energy": 45.937876, "activity_lines": [ 53.95114, 53.80002, 53.235475, 52.464233 ] }, { "date": "2025-12-26", "close": 54.106636, "volume": 785, "typical_volume": 31396.6, "trend": 51.501184, "fair_value": 43.818483, "relative_strength": -3.683557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.161463, "energy": 43.126997, "activity_lines": [ 54.036684, 53.886693, 53.381002, 52.646166 ] }, { "date": "2026-01-02", "close": 53.857388, "volume": 2129, "typical_volume": 29095.3, "trend": 51.685668, "fair_value": 43.956154, "relative_strength": -5.238305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.866511, "energy": 36.157387, "activity_lines": [ 53.948162, 53.895463, 53.484692, 52.79818 ] }, { "date": "2026-01-09", "close": 55.273113, "volume": 22243, "typical_volume": 29777.9, "trend": 51.935955, "fair_value": 44.10134, "relative_strength": -3.076544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.23103, "energy": 47.28748, "activity_lines": [ 54.368512, 54.153284, 53.709369, 53.029628 ] }, { "date": "2026-01-16", "close": 55.402721, "volume": 5168, "typical_volume": 29592.75, "trend": 52.194856, "fair_value": 44.249682, "relative_strength": -2.629447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.247456, "energy": 58.134034, "activity_lines": [ 54.783259, 54.423891, 53.925191, 53.25329 ] }, { "date": "2026-01-23", "close": 54.425674, "volume": 21041, "typical_volume": 28439.6, "trend": 52.39394, "fair_value": 44.385458, "relative_strength": -1.893312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.582795, "energy": 44.996241, "activity_lines": [ 54.758667, 54.472268, 54.026097, 53.397214 ] }, { "date": "2026-01-30", "close": 53.96706, "volume": 12345, "typical_volume": 27943.05, "trend": 52.57014, "fair_value": 44.511989, "relative_strength": -3.77394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.863595, "energy": 41.459337, "activity_lines": [ 54.543318, 54.424178, 54.065832, 53.498705 ] }, { "date": "2026-02-06", "close": 53.947117, "volume": 14734, "typical_volume": 25175.6, "trend": 52.729491, "fair_value": 44.640107, "relative_strength": -4.14606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.291445, "energy": 27.147494, "activity_lines": [ 54.330627, 54.350187, 54.093195, 53.587543 ] }, { "date": "2026-02-13", "close": 53.608143, "volume": 12061, "typical_volume": 24779.1, "trend": 52.861029, "fair_value": 44.767, "relative_strength": -3.476543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.085329, "energy": 18.220517, "activity_lines": [ 53.998962, 54.223012, 54.079269, 53.64423 ] }, { "date": "2026-02-20", "close": 54.026875, "volume": 13487, "typical_volume": 23008.55, "trend": 52.995956, "fair_value": 44.899332, "relative_strength": -4.568113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.974166, "energy": 18.705715, "activity_lines": [ 53.917873, 54.188933, 54.098494, 53.719446 ] }, { "date": "2026-02-27", "close": 53.807541, "volume": 12259, "typical_volume": 23351.45, "trend": 53.13315, "fair_value": 45.028054, "relative_strength": -6.146721, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.999941, "energy": 16.929182, "activity_lines": [ 53.855395, 54.108993, 54.091516, 53.771806 ] }, { "date": "2026-03-06", "close": 54.535343, "volume": 12618, "typical_volume": 21914.5, "trend": 53.274125, "fair_value": 45.167807, "relative_strength": 1.72436, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.394972, "energy": 16.568646, "activity_lines": [ 54.076727, 54.162287, 54.148589, 53.86227 ] }, { "date": "2026-03-13", "close": 53.860001, "volume": 73877, "typical_volume": 20680.05, "trend": 53.371121, "fair_value": 45.303096, "relative_strength": 0.100767, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.225009, "energy": 9.472556, "activity_lines": [ 54.03506, 54.084997, 54.130767, 53.900069 ] }, { "date": "2026-03-20", "close": 52.560001, "volume": 9393, "typical_volume": 19071.3, "trend": 53.429077, "fair_value": 45.430942, "relative_strength": 1.047221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -10.044294, "energy": 12.03989, "activity_lines": [ 53.565866, 53.771295, 53.986936, 53.847738 ] }, { "date": "2026-03-27", "close": 51.560001, "volume": 63143, "typical_volume": 19661.0, "trend": 53.454031, "fair_value": 45.546755, "relative_strength": -2.054576, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.817667, "energy": 46.547883, "activity_lines": [ 52.833216, 53.325105, 53.757963, 53.727153 ] }, { "date": "2026-04-03", "close": 52.77, "volume": 22994, "typical_volume": 20262.65, "trend": 53.521299, "fair_value": 45.671215, "relative_strength": -4.555338, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.252497, "energy": 48.645842, "activity_lines": [ 52.668357, 53.168782, 53.65085, 53.683022 ] }, { "date": "2026-04-10", "close": 53.848995, "volume": 3280, "typical_volume": 19705.25, "trend": 53.590673, "fair_value": 45.801577, "relative_strength": -6.488823, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.794666, "energy": 40.532744, "activity_lines": [ 52.932332, 53.238743, 53.650956, 53.704163 ] }, { "date": "2026-04-17", "close": 55.833065, "volume": 9412, "typical_volume": 19717.0, "trend": 53.716574, "fair_value": 45.944596, "relative_strength": -5.480916, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 22.575298, "energy": 9.869395, "activity_lines": [ 53.903421, 53.671591, 53.83475, 53.848834 ] }, { "date": "2026-04-24", "close": 56.540001, "volume": 37264, "typical_volume": 19322.2, "trend": 53.861401, "fair_value": 46.092086, "relative_strength": -1.852297, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 75.146297, "energy": 50.18264, "activity_lines": [ 54.978617, 54.198683, 54.079102, 54.03099 ] }, { "date": "2026-05-01", "close": 56.501064, "volume": 29445, "typical_volume": 19903.6, "trend": 53.981074, "fair_value": 46.240217, "relative_strength": -3.082163, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.465891, "energy": 74.496148, "activity_lines": [ 55.775501, 54.665389, 54.310228, 54.201291 ] }, { "date": "2026-05-08", "close": 58.220001, "volume": 64682, "typical_volume": 22118.0, "trend": 54.165003, "fair_value": 46.396447, "relative_strength": -2.264751, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.631353, "energy": 91.313397, "activity_lines": [ 56.815959, 55.399643, 54.691713, 54.47477 ] }, { "date": "2026-05-15", "close": 59.123226, "volume": 40004, "typical_volume": 24078.95, "trend": 54.391961, "fair_value": 46.553427, "relative_strength": -0.40359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.117203, "energy": 95.807799, "activity_lines": [ 57.79416, 56.217894, 55.138445, 54.794656 ] }, { "date": "2026-05-22", "close": 59.939999, "volume": 15610, "typical_volume": 24753.0, "trend": 54.61003, "fair_value": 46.71343, "relative_strength": 0.132254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.180611, "energy": 95.592145, "activity_lines": [ 58.693002, 57.101233, 55.639077, 55.152594 ] }, { "date": "2026-05-29", "close": 60.120243, "volume": 22192, "typical_volume": 24750.45, "trend": 54.791365, "fair_value": 46.870225, "relative_strength": -0.641898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.067769, "energy": 93.656956, "activity_lines": [ 59.37813, 57.906798, 56.12791, 55.508091 ] }, { "date": "2026-06-05", "close": 60.090336, "volume": 2045, "typical_volume": 24594.3, "trend": 55.029355, "fair_value": 47.026182, "relative_strength": -0.427226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.388208, "energy": 90.938299, "activity_lines": [ 59.814607, 58.569466, 56.590813, 55.84996 ] }, { "date": "2026-06-12", "close": 59.580002, "volume": 41543, "typical_volume": 25619.4, "trend": 55.225152, "fair_value": 47.175898, "relative_strength": -4.265571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.279159, "energy": 87.087654, "activity_lines": [ 59.841687, 58.98425, 56.982791, 56.14355 ] }, { "date": "2026-06-19", "close": 60.529999, "volume": 84, "typical_volume": 25006.35, "trend": 55.484756, "fair_value": 47.334791, "relative_strength": -5.123237, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.411253, "energy": 87.380518, "activity_lines": [ 60.094766, 59.447942, 57.4407, 56.485799 ] }, { "date": "2026-06-26", "close": 59.889999, "volume": 17639, "typical_volume": 25151.6, "trend": 55.667362, "fair_value": 47.485167, "relative_strength": -3.147253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.280729, "energy": 68.652195, "activity_lines": [ 60.040727, 59.673797, 57.806405, 56.770008 ] }, { "date": "2026-07-03", "close": 60.759998, "volume": 2527, "typical_volume": 24674.9, "trend": 55.87466, "fair_value": 47.643343, "relative_strength": -4.512039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.814566, "energy": 69.092171, "activity_lines": [ 60.280022, 59.984072, 58.226667, 57.098565 ] }, { "date": "2026-07-10", "close": 61.25, "volume": 31906, "typical_volume": 25595.85, "trend": 56.126398, "fair_value": 47.805215, "relative_strength": -3.270208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.046258, "energy": 70.889374, "activity_lines": [ 60.639999, 60.306711, 58.65954, 57.445361 ] }, { "date": "2026-07-17", "close": 60.57, "volume": 37154, "typical_volume": 26840.6, "trend": 56.350151, "fair_value": 47.958562, "relative_strength": -2.894446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.718709, "energy": 65.093835, "activity_lines": [ 60.695999, 60.419369, 58.993256, 57.732045 ] }, { "date": "2026-07-24", "close": 60.639999, "volume": 89775, "typical_volume": 30698.45, "trend": 56.56793, "fair_value": 48.10853, "relative_strength": -2.543867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.505764, "energy": 64.701202, "activity_lines": [ 60.709333, 60.502027, 59.301435, 58.00881 ] }, { "date": "2026-07-31", "close": 59.84, "volume": 10031, "typical_volume": 27506.15, "trend": 56.767351, "fair_value": 48.25658, "relative_strength": -4.364738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.804404, "energy": 58.822212, "activity_lines": [ 60.448666, 60.411653, 59.504355, 58.219911 ] }, { "date": "2026-08-07", "close": 62.220001, "volume": 51634, "typical_volume": 29618.2, "trend": 56.998914, "fair_value": 48.421862, "relative_strength": -3.341311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.84733, "energy": 66.85849, "activity_lines": [ 60.984667, 60.755824, 59.905464, 58.571695 ] } ], "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." } } }