{ "ticker": { "uuid": "eb74f3d2-bf87-4db3-9839-5486e7bd71cf", "symbol": "PREF", "name": "PRINCIPAL EXCHANGE-TRADED FDS SPECTRUM PFD SECS ACTIVE 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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 22.652, "architecture_energy": 17.962, "architecture_maturity": 20.81, "architecture_confidence": 74.97, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 52.72, "rotation_up": 21.3, "upward_expansion": 52.86, "deceleration": 89.67, "rotation_down": 38.13, "downward_expansion": 21.19 }, "activity_lines": [ 18.830148, 18.856796, 18.856093, 18.833531 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 18.86, "trend_reference": 18.809405, "distance_from_trend": 0.00269, "trend_direction": "Improving", "fair_value": 17.282087, "distance_from_fair_value": 0.091303, "fair_value_direction": "Weakening", "relative_strength": -10.00466, "relative_strength_direction": "Weakening", "price_momentum": 0.005578, "excess_performance": -0.120047, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.00269, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005484, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.091303, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.021897, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.100047, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.008314, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.005578, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.027781, "read": "Demand-led" } ], "volume": { "latest": 919342, "relative_activity": 0.825009, "balance": 1.027781, "dry_up": 0.943321, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.005044, "annualized_volatility": 0.037993, "from_high_reference": -0.00766, "from_low_reference": 0.042042 }, "levels": { "trend_reference": 18.809405, "fair_value_reference": 17.282087, "structural_low": 18.393183, "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": 8, "median_return": 0.013352, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.015049, "regime_survival": 0.25, "best_return": 0.030722, "worst_return": -0.035473, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.011156, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.052024, "regime_survival": 0.0, "best_return": 0.060231, "worst_return": -0.035935, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.057599, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.018537, "regime_survival": 0.0, "best_return": 0.068871, "worst_return": -0.004833, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.097237, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.160871, "regime_survival": 0.0, "best_return": 0.156134, "worst_return": 0.014674, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-06-02", "end": "2023-06-09", "tenure": "New", "return": 0.000594, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-16", "end": "2023-07-14", "tenure": "Developing", "return": 0.009659, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-07-21", "end": "2023-08-25", "tenure": "Developing", "return": 0.002569, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-01", "end": "2023-09-22", "tenure": "New", "return": -0.004115, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-29", "end": "2023-09-29", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-06", "end": "2023-11-10", "tenure": "Developing", "return": 0.025548, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-17", "end": "2023-12-01", "tenure": "New", "return": 0.011767, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2025-04-04", "tenure": "Extended", "return": 0.140242, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.029794, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2026-03-20", "tenure": "Extended", "return": 0.051307, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.025859, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.000262, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": -0.000807, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.003601, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 14.838226, "volume": 529041, "typical_volume": 895224.25, "trend": 14.63994, "fair_value": 15.401838, "relative_strength": -5.9568, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.917677, "energy": 69.189007, "activity_lines": [ 14.894931, 14.817641, 14.669406, 14.616273 ] }, { "date": "2023-08-25", "close": 14.820821, "volume": 532445, "typical_volume": 886042.55, "trend": 14.627289, "fair_value": 15.3978, "relative_strength": -6.628767, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.627891, "energy": 69.657201, "activity_lines": [ 14.871326, 14.831237, 14.693644, 14.627943 ] }, { "date": "2023-09-01", "close": 14.866541, "volume": 713605, "typical_volume": 773027.75, "trend": 14.612773, "fair_value": 15.393962, "relative_strength": -8.420702, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.016994, "energy": 46.799815, "activity_lines": [ 14.860429, 14.8484, 14.720331, 14.643379 ] }, { "date": "2023-09-08", "close": 14.831581, "volume": 699935, "typical_volume": 764976.85, "trend": 14.602759, "fair_value": 15.389604, "relative_strength": -7.312215, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.908689, "energy": 36.128849, "activity_lines": [ 14.844722, 14.853789, 14.742093, 14.657495 ] }, { "date": "2023-09-15", "close": 14.91898, "volume": 448424, "typical_volume": 760733.1, "trend": 14.599343, "fair_value": 15.385561, "relative_strength": -6.402114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.953974, "energy": 41.586111, "activity_lines": [ 14.866714, 14.871541, 14.770873, 14.677897 ] }, { "date": "2023-09-22", "close": 14.805362, "volume": 597762, "typical_volume": 745130.9, "trend": 14.593839, "fair_value": 15.38176, "relative_strength": -4.051032, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.747474, "energy": 34.710118, "activity_lines": [ 14.850092, 14.861668, 14.786949, 14.691188 ] }, { "date": "2023-09-29", "close": 14.735443, "volume": 1432651, "typical_volume": 786263.65, "trend": 14.585342, "fair_value": 15.377141, "relative_strength": -3.571928, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.03078, "energy": 26.256581, "activity_lines": [ 14.812354, 14.837177, 14.793, 14.700324 ] }, { "date": "2023-10-06", "close": 14.412661, "volume": 853315, "typical_volume": 753541.85, "trend": 14.580883, "fair_value": 15.370305, "relative_strength": -5.836339, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -13.516019, "energy": 20.19612, "activity_lines": [ 14.672714, 14.754859, 14.764951, 14.689183 ] }, { "date": "2023-10-13", "close": 14.465326, "volume": 879817, "typical_volume": 753924.65, "trend": 14.594399, "fair_value": 15.363708, "relative_strength": -5.60241, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.921329, "energy": 41.72332, "activity_lines": [ 14.580887, 14.692236, 14.740915, 14.681728 ] }, { "date": "2023-10-20", "close": 14.359996, "volume": 1879296, "typical_volume": 817636.6, "trend": 14.601558, "fair_value": 15.35609, "relative_strength": -3.799844, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.164778, "energy": 63.256331, "activity_lines": [ 14.478368, 14.619458, 14.706576, 14.666605 ] }, { "date": "2023-10-27", "close": 14.395106, "volume": 2285872, "typical_volume": 894854.65, "trend": 14.597936, "fair_value": 15.349438, "relative_strength": -1.02417, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.406279, "energy": 69.834095, "activity_lines": [ 14.424817, 14.563024, 14.676451, 14.653286 ] }, { "date": "2023-11-03", "close": 14.666302, "volume": 1553978, "typical_volume": 934927.2, "trend": 14.606135, "fair_value": 15.343267, "relative_strength": -4.51846, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.27474, "energy": 53.157075, "activity_lines": [ 14.489016, 14.563954, 14.672898, 14.657696 ] }, { "date": "2023-11-10", "close": 14.780882, "volume": 1042208, "typical_volume": 959699.6, "trend": 14.614439, "fair_value": 15.336962, "relative_strength": -4.927079, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 7.339139, "energy": 14.714254, "activity_lines": [ 14.596017, 14.588528, 14.67975, 14.66897 ] }, { "date": "2023-11-17", "close": 14.939532, "volume": 2356670, "typical_volume": 1039383.6, "trend": 14.627175, "fair_value": 15.3315, "relative_strength": -5.910431, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.568925, "energy": 35.56197, "activity_lines": [ 14.731353, 14.643504, 14.7007, 14.689944 ] }, { "date": "2023-11-24", "close": 14.948434, "volume": 1118619, "typical_volume": 1051230.45, "trend": 14.641351, "fair_value": 15.325575, "relative_strength": -6.618346, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.340549, "energy": 48.530085, "activity_lines": [ 14.838044, 14.698135, 14.72106, 14.71067 ] }, { "date": "2023-12-01", "close": 15.115319, "volume": 2140688, "typical_volume": 1111211.85, "trend": 14.675235, "fair_value": 15.320039, "relative_strength": -6.205511, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.547047, "energy": 67.678486, "activity_lines": [ 14.961133, 14.782574, 14.755349, 14.741249 ] }, { "date": "2023-12-08", "close": 15.141868, "volume": 1545437, "typical_volume": 1158806.25, "trend": 14.712298, "fair_value": 15.314374, "relative_strength": -6.031022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.585122, "energy": 84.16252, "activity_lines": [ 15.045058, 14.866205, 14.790192, 14.771354 ] }, { "date": "2023-12-15", "close": 15.39851, "volume": 1374366, "typical_volume": 1199212.0, "trend": 14.752181, "fair_value": 15.310131, "relative_strength": -6.378056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.109157, "energy": 91.873518, "activity_lines": [ 15.182825, 14.989108, 14.847767, 14.815626 ] }, { "date": "2023-12-22", "close": 15.513556, "volume": 1834836, "typical_volume": 1248353.05, "trend": 14.789017, "fair_value": 15.3066, "relative_strength": -6.241333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.865906, "energy": 95.517162, "activity_lines": [ 15.317766, 15.115004, 14.914254, 14.864747 ] }, { "date": "2023-12-29", "close": 15.554896, "volume": 1839404, "typical_volume": 1282918.45, "trend": 14.82276, "fair_value": 15.30315, "relative_strength": -6.022795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.669113, "energy": 93.915418, "activity_lines": [ 15.428219, 15.229358, 14.982042, 14.914159 ] }, { "date": "2024-01-05", "close": 15.554896, "volume": 1638775, "typical_volume": 1338405.15, "trend": 14.856216, "fair_value": 15.299456, "relative_strength": -4.266224, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.757822, "energy": 91.807369, "activity_lines": [ 15.498241, 15.321986, 15.04675, 14.961393 ] }, { "date": "2024-01-12", "close": 15.652613, "volume": 1382502, "typical_volume": 1380908.0, "trend": 14.89264, "fair_value": 15.296637, "relative_strength": -5.160874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.274169, "energy": 62.03266, "activity_lines": [ 15.571531, 15.411294, 15.117351, 15.012774 ] }, { "date": "2024-01-19", "close": 15.674822, "volume": 1052096, "typical_volume": 1397832.55, "trend": 14.929518, "fair_value": 15.293861, "relative_strength": -5.833453, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.244401, "energy": 60.740069, "activity_lines": [ 15.618173, 15.486707, 15.186107, 15.063237 ] }, { "date": "2024-01-26", "close": 15.90135, "volume": 2825288, "typical_volume": 1504100.2, "trend": 14.971643, "fair_value": 15.292787, "relative_strength": -5.162219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.690274, "energy": 64.357845, "activity_lines": [ 15.721904, 15.587054, 15.272587, 15.125936 ] }, { "date": "2024-02-02", "close": 15.866114, "volume": 1437709, "typical_volume": 1553564.45, "trend": 15.015986, "fair_value": 15.291106, "relative_strength": -6.408733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.498701, "energy": 63.912626, "activity_lines": [ 15.788037, 15.663506, 15.350618, 15.183644 ] }, { "date": "2024-02-09", "close": 15.812603, "volume": 974818, "typical_volume": 1572417.25, "trend": 15.053057, "fair_value": 15.288781, "relative_strength": -7.683258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.495932, "energy": 66.459228, "activity_lines": [ 15.815585, 15.713544, 15.419042, 15.235038 ] }, { "date": "2024-02-16", "close": 15.839358, "volume": 1090172, "typical_volume": 1555293.3, "trend": 15.088274, "fair_value": 15.287028, "relative_strength": -6.913573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.509583, "energy": 61.061225, "activity_lines": [ 15.834871, 15.755768, 15.485218, 15.285767 ] }, { "date": "2024-02-23", "close": 15.999892, "volume": 1061719, "typical_volume": 1565713.5, "trend": 15.12263, "fair_value": 15.287305, "relative_strength": -7.155741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.564712, "energy": 59.373851, "activity_lines": [ 15.895219, 15.814499, 15.561426, 15.344582 ] }, { "date": "2024-03-01", "close": 16.012299, "volume": 1360717, "typical_volume": 1589758.5, "trend": 15.157705, "fair_value": 15.287812, "relative_strength": -7.652957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.282113, "energy": 58.361068, "activity_lines": [ 15.93803, 15.864552, 15.631257, 15.40198 ] }, { "date": "2024-03-08", "close": 16.048121, "volume": 1131268, "typical_volume": 1552357.1, "trend": 15.195714, "fair_value": 15.288681, "relative_strength": -6.875979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.367312, "energy": 57.994203, "activity_lines": [ 15.985386, 15.912049, 15.697134, 15.459426 ] }, { "date": "2024-03-15", "close": 16.083942, "volume": 777700, "typical_volume": 1476948.5, "trend": 15.237238, "fair_value": 15.289898, "relative_strength": -6.346139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.329363, "energy": 61.191483, "activity_lines": [ 16.032549, 15.957092, 15.758383, 15.516731 ] }, { "date": "2024-03-22", "close": 16.227229, "volume": 950657, "typical_volume": 1446782.45, "trend": 15.284118, "fair_value": 15.291582, "relative_strength": -7.303378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.971556, "energy": 65.412677, "activity_lines": [ 16.109384, 16.018568, 15.825237, 15.580601 ] }, { "date": "2024-03-29", "close": 16.254095, "volume": 535955, "typical_volume": 1421469.8, "trend": 15.33037, "fair_value": 15.293408, "relative_strength": -7.221404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.312952, "energy": 62.894095, "activity_lines": [ 16.169317, 16.074481, 15.887216, 15.64318 ] }, { "date": "2024-04-05", "close": 16.218465, "volume": 1240066, "typical_volume": 1365639.6, "trend": 15.376599, "fair_value": 15.294401, "relative_strength": -6.355839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.22689, "energy": 57.651915, "activity_lines": [ 16.200426, 16.113384, 15.938787, 15.700477 ] }, { "date": "2024-04-12", "close": 16.146542, "volume": 732610, "typical_volume": 1346339.15, "trend": 15.417518, "fair_value": 15.294353, "relative_strength": -5.161883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.986811, "energy": 87.476414, "activity_lines": [ 16.193817, 16.133444, 15.977418, 15.750151 ] }, { "date": "2024-04-19", "close": 16.047649, "volume": 797957, "typical_volume": 1279202.6, "trend": 15.458927, "fair_value": 15.293495, "relative_strength": -2.563645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.078596, "energy": 82.12156, "activity_lines": [ 16.147682, 16.130425, 16.000925, 15.790804 ] }, { "date": "2024-04-26", "close": 16.101591, "volume": 876493, "typical_volume": 1245755.4, "trend": 15.504466, "fair_value": 15.292883, "relative_strength": -4.549175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.58912, "energy": 71.334305, "activity_lines": [ 16.121947, 16.13294, 16.025129, 15.832266 ] }, { "date": "2024-05-03", "close": 16.291618, "volume": 853454, "typical_volume": 1219709.8, "trend": 15.567098, "fair_value": 15.293381, "relative_strength": -3.838896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.346129, "energy": 77.514889, "activity_lines": [ 16.16793, 16.165237, 16.062862, 15.88305 ] }, { "date": "2024-05-10", "close": 16.377363, "volume": 1349017, "typical_volume": 1195418.85, "trend": 15.630832, "fair_value": 15.294581, "relative_strength": -4.932026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.43959, "energy": 68.304952, "activity_lines": [ 16.239993, 16.20782, 16.104508, 15.935326 ] }, { "date": "2024-05-17", "close": 16.463109, "volume": 603224, "typical_volume": 1133609.85, "trend": 15.700936, "fair_value": 15.296331, "relative_strength": -5.806276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.015063, "energy": 72.549083, "activity_lines": [ 16.330045, 16.259356, 16.150206, 15.989021 ] }, { "date": "2024-05-24", "close": 16.472134, "volume": 613051, "typical_volume": 1082323.65, "trend": 15.77017, "fair_value": 15.297698, "relative_strength": -5.549741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.561337, "energy": 88.495081, "activity_lines": [ 16.402001, 16.304988, 16.19244, 16.038776 ] }, { "date": "2024-05-31", "close": 16.417979, "volume": 612825, "typical_volume": 1043839.8, "trend": 15.828559, "fair_value": 15.298434, "relative_strength": -5.305684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.577808, "energy": 84.530758, "activity_lines": [ 16.427607, 16.333715, 16.225148, 16.08057 ] }, { "date": "2024-06-07", "close": 16.465786, "volume": 818610, "typical_volume": 1032165.5, "trend": 15.884723, "fair_value": 15.299426, "relative_strength": -6.018042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.049221, "energy": 79.100758, "activity_lines": [ 16.448055, 16.367666, 16.258764, 16.121681 ] }, { "date": "2024-06-14", "close": 16.492972, "volume": 607034, "typical_volume": 921252.8, "trend": 15.936504, "fair_value": 15.300567, "relative_strength": -7.215142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.019043, "energy": 67.398947, "activity_lines": [ 16.465955, 16.402711, 16.291203, 16.160923 ] }, { "date": "2024-06-21", "close": 16.574531, "volume": 540562, "typical_volume": 876395.45, "trend": 15.990707, "fair_value": 15.302002, "relative_strength": -7.152803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.301765, "energy": 70.090222, "activity_lines": [ 16.503333, 16.447594, 16.328592, 16.202086 ] }, { "date": "2024-06-28", "close": 16.511096, "volume": 747482, "typical_volume": 865028.65, "trend": 16.037233, "fair_value": 15.302533, "relative_strength": -7.287749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.279317, "energy": 64.37757, "activity_lines": [ 16.512138, 16.473162, 16.356567, 16.23566 ] }, { "date": "2024-07-05", "close": 16.595456, "volume": 1288172, "typical_volume": 874928.65, "trend": 16.085686, "fair_value": 15.303549, "relative_strength": -8.366017, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.147407, "energy": 68.054251, "activity_lines": [ 16.546466, 16.505642, 16.38925, 16.271674 ] }, { "date": "2024-07-12", "close": 16.695539, "volume": 742611, "typical_volume": 858973.25, "trend": 16.128921, "fair_value": 15.304957, "relative_strength": -8.512743, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.105649, "energy": 75.283032, "activity_lines": [ 16.602323, 16.547339, 16.427863, 16.311019 ] }, { "date": "2024-07-19", "close": 16.731932, "volume": 624378, "typical_volume": 822156.3, "trend": 16.169533, "fair_value": 15.306491, "relative_strength": -6.328372, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.748545, "energy": 81.388852, "activity_lines": [ 16.654994, 16.588309, 16.466631, 16.349923 ] }, { "date": "2024-07-26", "close": 16.722834, "volume": 907127, "typical_volume": 810949.25, "trend": 16.208464, "fair_value": 15.307815, "relative_strength": -5.456853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.078027, "energy": 84.382147, "activity_lines": [ 16.688702, 16.621178, 16.501105, 16.38562 ] }, { "date": "2024-08-02", "close": 16.724222, "volume": 894645, "typical_volume": 816796.5, "trend": 16.247442, "fair_value": 15.308881, "relative_strength": -3.254354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.523923, "energy": 84.827686, "activity_lines": [ 16.712985, 16.649577, 16.532498, 16.418895 ] }, { "date": "2024-08-09", "close": 16.687687, "volume": 1210350, "typical_volume": 829781.15, "trend": 16.281944, "fair_value": 15.309712, "relative_strength": -3.332267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.988371, "energy": 65.581892, "activity_lines": [ 16.710882, 16.666751, 16.557363, 16.447298 ] }, { "date": "2024-08-16", "close": 16.797294, "volume": 1127532, "typical_volume": 859360.0, "trend": 16.31936, "fair_value": 15.311153, "relative_strength": -6.20767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.672459, "energy": 68.736564, "activity_lines": [ 16.739166, 16.698949, 16.590473, 16.480546 ] }, { "date": "2024-08-23", "close": 16.906901, "volume": 1256749, "typical_volume": 860194.15, "trend": 16.352878, "fair_value": 15.313185, "relative_strength": -6.68214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.414145, "energy": 71.957314, "activity_lines": [ 16.797201, 16.745048, 16.631436, 16.518452 ] }, { "date": "2024-08-30", "close": 16.934303, "volume": 2004119, "typical_volume": 923769.6, "trend": 16.388485, "fair_value": 15.315153, "relative_strength": -6.600073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.570409, "energy": 71.294079, "activity_lines": [ 16.852706, 16.788603, 16.671731, 16.555963 ] }, { "date": "2024-09-06", "close": 16.995124, "volume": 835676, "typical_volume": 925655.55, "trend": 16.427902, "fair_value": 15.317356, "relative_strength": -2.084269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.531958, "energy": 86.093036, "activity_lines": [ 16.914387, 16.836675, 16.714066, 16.595101 ] }, { "date": "2024-09-13", "close": 17.109739, "volume": 1034062, "typical_volume": 933534.0, "trend": 16.470248, "fair_value": 15.320166, "relative_strength": -5.019046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.216426, "energy": 93.688297, "activity_lines": [ 16.996213, 16.896786, 16.762806, 16.639091 ] }, { "date": "2024-09-20", "close": 17.228939, "volume": 1030727, "typical_volume": 942397.65, "trend": 16.511216, "fair_value": 15.323893, "relative_strength": -5.440227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.989865, "energy": 96.017339, "activity_lines": [ 17.089635, 16.969219, 16.818097, 16.688038 ] }, { "date": "2024-09-27", "close": 17.274785, "volume": 618888, "typical_volume": 905891.2, "trend": 16.553299, "fair_value": 15.328421, "relative_strength": -5.455793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.789307, "energy": 95.561687, "activity_lines": [ 17.169563, 17.040289, 16.873291, 16.737301 ] }, { "date": "2024-10-04", "close": 17.231474, "volume": 2041251, "typical_volume": 977792.55, "trend": 16.592744, "fair_value": 15.333006, "relative_strength": -5.718205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.324698, "energy": 90.180947, "activity_lines": [ 17.210529, 17.093615, 16.920087, 16.781054 ] }, { "date": "2024-10-11", "close": 17.249884, "volume": 865623, "typical_volume": 990421.15, "trend": 16.631609, "fair_value": 15.337632, "relative_strength": -6.454533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.543105, "energy": 88.498417, "activity_lines": [ 17.237819, 17.14104, 16.964977, 16.82345 ] }, { "date": "2024-10-18", "close": 17.291306, "volume": 785188, "typical_volume": 999039.3, "trend": 16.667078, "fair_value": 15.342678, "relative_strength": -6.752975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.917331, "energy": 77.00156, "activity_lines": [ 17.261933, 17.186439, 17.010109, 16.866011 ] }, { "date": "2024-10-25", "close": 17.222269, "volume": 1095066, "typical_volume": 1012862.1, "trend": 16.699351, "fair_value": 15.347281, "relative_strength": -5.90511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.63115, "energy": 66.66686, "activity_lines": [ 17.25093, 17.20831, 17.044507, 16.90183 ] }, { "date": "2024-11-01", "close": 17.188927, "volume": 933746, "typical_volume": 1029197.7, "trend": 16.7317, "fair_value": 15.351497, "relative_strength": -4.5337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.973666, "energy": 63.263263, "activity_lines": [ 17.229258, 17.216393, 17.072127, 16.933416 ] }, { "date": "2024-11-08", "close": 17.299823, "volume": 891767, "typical_volume": 1046757.95, "trend": 16.770142, "fair_value": 15.356888, "relative_strength": -7.993541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.552555, "energy": 65.699157, "activity_lines": [ 17.250275, 17.239511, 17.106995, 16.970069 ] }, { "date": "2024-11-15", "close": 17.272099, "volume": 643548, "typical_volume": 1041561.25, "trend": 16.810957, "fair_value": 15.362515, "relative_strength": -5.954032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.77502, "energy": 61.201924, "activity_lines": [ 17.257494, 17.250942, 17.135769, 17.002453 ] }, { "date": "2024-11-22", "close": 17.299823, "volume": 1619453, "typical_volume": 1058125.3, "trend": 16.850898, "fair_value": 15.369041, "relative_strength": -7.106072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.191823, "energy": 63.173746, "activity_lines": [ 17.272474, 17.262378, 17.163559, 17.033993 ] }, { "date": "2024-11-29", "close": 17.332168, "volume": 667182, "typical_volume": 1054353.85, "trend": 16.885583, "fair_value": 15.375973, "relative_strength": -7.758523, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.963227, "energy": 66.047262, "activity_lines": [ 17.297667, 17.276239, 17.191075, 17.065042 ] }, { "date": "2024-12-06", "close": 17.385518, "volume": 895189, "typical_volume": 1067894.4, "trend": 16.919188, "fair_value": 15.382963, "relative_strength": -8.006098, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.789459, "energy": 67.629983, "activity_lines": [ 17.333317, 17.297923, 17.220641, 17.097296 ] }, { "date": "2024-12-13", "close": 17.404073, "volume": 1327021, "typical_volume": 1088889.1, "trend": 16.950554, "fair_value": 15.389916, "relative_strength": -7.111296, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.923113, "energy": 71.702936, "activity_lines": [ 17.362046, 17.320968, 17.248862, 17.128579 ] }, { "date": "2024-12-20", "close": 17.302023, "volume": 1622332, "typical_volume": 1125273.45, "trend": 16.978217, "fair_value": 15.39606, "relative_strength": -5.701044, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.406514, "energy": 60.955819, "activity_lines": [ 17.349808, 17.322319, 17.264119, 17.151255 ] }, { "date": "2024-12-27", "close": 17.313239, "volume": 433405, "typical_volume": 1086426.2, "trend": 17.008059, "fair_value": 15.401739, "relative_strength": -6.016345, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.362954, "energy": 54.825068, "activity_lines": [ 17.339314, 17.324762, 17.277694, 17.172869 ] }, { "date": "2025-01-03", "close": 17.369118, "volume": 848879, "typical_volume": 1072493.55, "trend": 17.03817, "fair_value": 15.408504, "relative_strength": -4.970225, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.390114, "energy": 52.331182, "activity_lines": [ 17.346552, 17.336966, 17.293611, 17.196163 ] }, { "date": "2025-01-10", "close": 17.303926, "volume": 1013132, "typical_volume": 1060312.7, "trend": 17.065202, "fair_value": 15.4151, "relative_strength": -3.250077, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.139641, "energy": 34.191089, "activity_lines": [ 17.329596, 17.334647, 17.300597, 17.213309 ] }, { "date": "2025-01-17", "close": 17.350492, "volume": 1083001, "typical_volume": 1014256.8, "trend": 17.091067, "fair_value": 15.422316, "relative_strength": -5.535713, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.827935, "energy": 33.584972, "activity_lines": [ 17.333601, 17.338704, 17.310127, 17.231714 ] }, { "date": "2025-01-24", "close": 17.397058, "volume": 1018980, "typical_volume": 1023422.0, "trend": 17.120599, "fair_value": 15.430869, "relative_strength": -6.642275, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.153172, "energy": 40.139685, "activity_lines": [ 17.356701, 17.350305, 17.32211, 17.251456 ] }, { "date": "2025-01-31", "close": 17.471564, "volume": 989455, "typical_volume": 1021191.65, "trend": 17.149803, "fair_value": 15.440769, "relative_strength": -5.077387, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.033647, "energy": 46.577188, "activity_lines": [ 17.3983, 17.373182, 17.339274, 17.274099 ] }, { "date": "2025-02-07", "close": 17.512177, "volume": 1220846, "typical_volume": 1030697.6, "trend": 17.177024, "fair_value": 15.452699, "relative_strength": -4.522094, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.433394, "energy": 59.273664, "activity_lines": [ 17.442882, 17.40032, 17.358584, 17.297478 ] }, { "date": "2025-02-14", "close": 17.526201, "volume": 1048344, "typical_volume": 1052170.4, "trend": 17.2035, "fair_value": 15.465136, "relative_strength": -5.644849, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.892394, "energy": 69.760354, "activity_lines": [ 17.482601, 17.426735, 17.37788, 17.320005 ] }, { "date": "2025-02-21", "close": 17.540226, "volume": 1559750, "typical_volume": 1028095.35, "trend": 17.230746, "fair_value": 15.47808, "relative_strength": -3.870962, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.289829, "energy": 71.141527, "activity_lines": [ 17.512177, 17.453142, 17.397316, 17.34173 ] }, { "date": "2025-02-28", "close": 17.568276, "volume": 1167526, "typical_volume": 1043190.5, "trend": 17.258881, "fair_value": 15.491214, "relative_strength": -2.657375, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.732877, "energy": 68.858636, "activity_lines": [ 17.538454, 17.482173, 17.417952, 17.363506 ] }, { "date": "2025-03-07", "close": 17.584511, "volume": 951435, "typical_volume": 1051502.85, "trend": 17.288775, "fair_value": 15.505706, "relative_strength": 0.60011, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.845621, "energy": 61.071773, "activity_lines": [ 17.558728, 17.509316, 17.438618, 17.384514 ] }, { "date": "2025-03-14", "close": 17.500015, "volume": 825197, "typical_volume": 1038009.4, "trend": 17.312199, "fair_value": 15.519291, "relative_strength": 2.498065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.107163, "energy": 46.787512, "activity_lines": [ 17.543307, 17.516163, 17.449841, 17.398142 ] }, { "date": "2025-03-21", "close": 17.584511, "volume": 2193613, "typical_volume": 1101002.75, "trend": 17.334786, "fair_value": 15.53347, "relative_strength": 2.49388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.124107, "energy": 47.673463, "activity_lines": [ 17.556862, 17.535993, 17.467788, 17.415711 ] }, { "date": "2025-03-28", "close": 17.579817, "volume": 853730, "typical_volume": 1099100.9, "trend": 17.356304, "fair_value": 15.546748, "relative_strength": 3.98967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.345832, "energy": 43.676149, "activity_lines": [ 17.564965, 17.549869, 17.483405, 17.431519 ] }, { "date": "2025-04-04", "close": 17.2654, "volume": 1600684, "typical_volume": 1146957.7, "trend": 17.365313, "fair_value": 15.558509, "relative_strength": 12.136443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.345753, "energy": 10.89927, "activity_lines": [ 17.465623, 17.502408, 17.467744, 17.425655 ] }, { "date": "2025-04-11", "close": 17.199429, "volume": 1596896, "typical_volume": 1145829.85, "trend": 17.368302, "fair_value": 15.570975, "relative_strength": 5.698284, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.160172, "energy": 24.593195, "activity_lines": [ 17.364482, 17.445346, 17.445832, 17.414952 ] }, { "date": "2025-04-18", "close": 17.345506, "volume": 919312, "typical_volume": 1158436.35, "trend": 17.372188, "fair_value": 15.585322, "relative_strength": 8.11191, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.359496, "energy": 24.991542, "activity_lines": [ 17.337706, 17.419791, 17.43831, 17.413482 ] }, { "date": "2025-04-25", "close": 17.463311, "volume": 2156733, "typical_volume": 1221513.55, "trend": 17.378472, "fair_value": 15.601106, "relative_strength": 4.080702, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.425594, "energy": 22.70474, "activity_lines": [ 17.360499, 17.418686, 17.441944, 17.419361 ] }, { "date": "2025-05-02", "close": 17.484799, "volume": 1477493, "typical_volume": 1229037.15, "trend": 17.386916, "fair_value": 15.617975, "relative_strength": 1.335497, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.335916, "energy": 17.180521, "activity_lines": [ 17.398534, 17.422631, 17.447254, 17.42622 ] }, { "date": "2025-05-09", "close": 17.569952, "volume": 1190593, "typical_volume": 1207450.2, "trend": 17.397585, "fair_value": 15.63668, "relative_strength": 2.311539, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.891364, "energy": 25.163924, "activity_lines": [ 17.471289, 17.443066, 17.460289, 17.438029 ] }, { "date": "2025-05-16", "close": 17.711875, "volume": 1318233, "typical_volume": 1251691.6, "trend": 17.411604, "fair_value": 15.656901, "relative_strength": -1.940762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.715289, "energy": 51.831517, "activity_lines": [ 17.571047, 17.489276, 17.485565, 17.458306 ] }, { "date": "2025-05-23", "close": 17.655106, "volume": 1248081, "typical_volume": 1271651.7, "trend": 17.426032, "fair_value": 15.675284, "relative_strength": 0.356708, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.904491, "energy": 64.807375, "activity_lines": [ 17.61772, 17.522847, 17.503536, 17.474016 ] }, { "date": "2025-05-30", "close": 17.740259, "volume": 1106972, "typical_volume": 1276343.7, "trend": 17.44441, "fair_value": 15.694176, "relative_strength": -0.828472, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.716892, "energy": 74.599515, "activity_lines": [ 17.672136, 17.569082, 17.528256, 17.494288 ] }, { "date": "2025-06-06", "close": 17.791323, "volume": 756077, "typical_volume": 1259997.5, "trend": 17.460793, "fair_value": 15.713871, "relative_strength": -2.066517, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.764158, "energy": 77.755152, "activity_lines": [ 17.725111, 17.621768, 17.55576, 17.51667 ] }, { "date": "2025-06-13", "close": 17.81982, "volume": 874214, "typical_volume": 1252759.2, "trend": 17.479051, "fair_value": 15.736867, "relative_strength": -1.500386, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.142142, "energy": 75.664463, "activity_lines": [ 17.76715, 17.675791, 17.58388, 17.539833 ] }, { "date": "2025-06-20", "close": 17.914808, "volume": 1313386, "typical_volume": 1268955.75, "trend": 17.49955, "fair_value": 15.760261, "relative_strength": -0.773833, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.318472, "energy": 79.993127, "activity_lines": [ 17.824194, 17.737004, 17.619032, 17.567946 ] }, { "date": "2025-06-27", "close": 17.962303, "volume": 1490615, "typical_volume": 1282444.2, "trend": 17.520555, "fair_value": 15.784149, "relative_strength": -3.756928, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.048102, "energy": 80.572531, "activity_lines": [ 17.883541, 17.793845, 17.656598, 17.597801 ] }, { "date": "2025-07-04", "close": 18.034536, "volume": 1023021, "typical_volume": 1281178.05, "trend": 17.542188, "fair_value": 15.808182, "relative_strength": -4.894011, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.767379, "energy": 88.852641, "activity_lines": [ 17.946485, 17.852605, 17.698899, 17.630961 ] }, { "date": "2025-07-11", "close": 18.044073, "volume": 905304, "typical_volume": 1248455.75, "trend": 17.563522, "fair_value": 15.831746, "relative_strength": -4.505566, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.313063, "energy": 90.552399, "activity_lines": [ 17.99299, 17.902713, 17.739688, 17.663341 ] }, { "date": "2025-07-18", "close": 18.015462, "volume": 714049, "typical_volume": 1225781.9, "trend": 17.587303, "fair_value": 15.85311, "relative_strength": -5.12913, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.437047, "energy": 87.043081, "activity_lines": [ 18.013108, 17.937451, 17.775353, 17.692498 ] }, { "date": "2025-07-25", "close": 18.082221, "volume": 737587, "typical_volume": 1215089.5, "trend": 17.612936, "fair_value": 15.873045, "relative_strength": -6.038308, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.0878, "energy": 89.657474, "activity_lines": [ 18.042436, 17.976226, 17.815246, 17.724429 ] }, { "date": "2025-08-01", "close": 18.070352, "volume": 986328, "typical_volume": 1223146.05, "trend": 17.63631, "fair_value": 15.8926, "relative_strength": -3.610907, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.508798, "energy": 83.750399, "activity_lines": [ 18.056647, 18.00611, 17.851639, 17.753939 ] }, { "date": "2025-08-08", "close": 18.103869, "volume": 1518787, "typical_volume": 1189404.75, "trend": 17.662975, "fair_value": 15.911571, "relative_strength": -5.577284, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.045633, "energy": 67.248919, "activity_lines": [ 18.074828, 18.034538, 17.888508, 17.784104 ] }, { "date": "2025-08-15", "close": 18.185267, "volume": 992831, "typical_volume": 1196359.8, "trend": 17.690801, "fair_value": 15.93181, "relative_strength": -5.930201, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.587406, "energy": 74.781, "activity_lines": [ 18.115518, 18.071154, 17.930656, 17.817801 ] }, { "date": "2025-08-22", "close": 18.223572, "volume": 1228673, "typical_volume": 1177759.25, "trend": 17.718351, "fair_value": 15.953305, "relative_strength": -5.872068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.010692, "energy": 70.488941, "activity_lines": [ 18.159564, 18.107573, 17.97357, 17.852173 ] }, { "date": "2025-08-29", "close": 18.233148, "volume": 1226722, "typical_volume": 1159250.55, "trend": 17.743738, "fair_value": 15.976058, "relative_strength": -5.654663, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.468262, "energy": 75.734239, "activity_lines": [ 18.192928, 18.138391, 18.012832, 17.885386 ] }, { "date": "2025-09-05", "close": 18.287579, "volume": 661286, "typical_volume": 1146349.25, "trend": 17.769584, "fair_value": 15.999586, "relative_strength": -5.475531, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.807953, "energy": 81.413413, "activity_lines": [ 18.234374, 18.173318, 18.052356, 17.920472 ] }, { "date": "2025-09-12", "close": 18.354883, "volume": 1198581, "typical_volume": 1098441.65, "trend": 17.797207, "fair_value": 16.02344, "relative_strength": -6.420589, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.165095, "energy": 80.932664, "activity_lines": [ 18.283772, 18.214568, 18.093804, 17.958233 ] }, { "date": "2025-09-19", "close": 18.422188, "volume": 1328769, "typical_volume": 1091005.45, "trend": 17.826606, "fair_value": 16.049488, "relative_strength": -7.048494, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.673675, "energy": 88.685044, "activity_lines": [ 18.338872, 18.262231, 18.137416, 17.998555 ] }, { "date": "2025-09-26", "close": 18.383728, "volume": 1252420, "typical_volume": 1094096.8, "trend": 17.853787, "fair_value": 16.077642, "relative_strength": -6.809987, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.621842, "energy": 83.213142, "activity_lines": [ 18.365356, 18.296026, 18.172901, 18.034498 ] }, { "date": "2025-10-03", "close": 18.412934, "volume": 1370265, "typical_volume": 1096698.4, "trend": 17.881402, "fair_value": 16.105298, "relative_strength": -7.518245, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.393576, "energy": 81.693558, "activity_lines": [ 18.390899, 18.328436, 18.207293, 18.070572 ] }, { "date": "2025-10-10", "close": 18.383967, "volume": 1919644, "typical_volume": 1130276.55, "trend": 17.910867, "fair_value": 16.133359, "relative_strength": -5.253788, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.48424, "energy": 66.516457, "activity_lines": [ 18.394801, 18.349566, 18.235588, 18.102996 ] }, { "date": "2025-10-17", "close": 18.403278, "volume": 1079605, "typical_volume": 1128908.2, "trend": 17.938159, "fair_value": 16.161919, "relative_strength": -6.642227, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.335772, "energy": 64.365045, "activity_lines": [ 18.398714, 18.368505, 18.262251, 18.134764 ] }, { "date": "2025-10-24", "close": 18.490177, "volume": 1150883, "typical_volume": 1148648.5, "trend": 17.968504, "fair_value": 16.19109, "relative_strength": -7.815135, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.130209, "energy": 68.367063, "activity_lines": [ 18.428366, 18.3978, 18.294033, 18.170378 ] }, { "date": "2025-10-31", "close": 18.528799, "volume": 1029412, "typical_volume": 1156408.4, "trend": 18.010617, "fair_value": 16.22008, "relative_strength": -8.077093, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.765519, "energy": 66.505812, "activity_lines": [ 18.46636, 18.428573, 18.326166, 18.206526 ] }, { "date": "2025-11-07", "close": 18.445605, "volume": 1009742, "typical_volume": 1141226.2, "trend": 18.052157, "fair_value": 16.247243, "relative_strength": -6.869476, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.819564, "energy": 58.91538, "activity_lines": [ 18.466952, 18.438671, 18.346999, 18.23459 ] }, { "date": "2025-11-14", "close": 18.503793, "volume": 1147201, "typical_volume": 1124055.5, "trend": 18.090766, "fair_value": 16.274941, "relative_strength": -6.568809, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.57585, "energy": 59.531426, "activity_lines": [ 18.484761, 18.455485, 18.370846, 18.263728 ] }, { "date": "2025-11-21", "close": 18.445605, "volume": 1067226, "typical_volume": 1126265.75, "trend": 18.123509, "fair_value": 16.301438, "relative_strength": -4.951889, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.153365, "energy": 53.451475, "activity_lines": [ 18.475186, 18.457789, 18.386573, 18.286621 ] }, { "date": "2025-11-28", "close": 18.552283, "volume": 770598, "typical_volume": 1119530.45, "trend": 18.159092, "fair_value": 16.328228, "relative_strength": -7.691363, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.100749, "energy": 53.230873, "activity_lines": [ 18.498348, 18.477839, 18.410503, 18.314284 ] }, { "date": "2025-12-05", "close": 18.540499, "volume": 1189855, "typical_volume": 1143320.75, "trend": 18.191444, "fair_value": 16.354131, "relative_strength": -7.944414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.763466, "energy": 52.661203, "activity_lines": [ 18.513442, 18.493381, 18.43089, 18.33889 ] }, { "date": "2025-12-12", "close": 18.525889, "volume": 1230627, "typical_volume": 1167972.75, "trend": 18.218578, "fair_value": 16.3794, "relative_strength": -7.366645, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.217782, "energy": 49.458655, "activity_lines": [ 18.522886, 18.503417, 18.447385, 18.360468 ] }, { "date": "2025-12-19", "close": 18.58433, "volume": 964302, "typical_volume": 1166871.45, "trend": 18.249552, "fair_value": 16.405368, "relative_strength": -7.046475, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.841288, "energy": 54.840405, "activity_lines": [ 18.546458, 18.522024, 18.467333, 18.384064 ] }, { "date": "2025-12-26", "close": 18.657382, "volume": 853596, "typical_volume": 1133611.9, "trend": 18.280122, "fair_value": 16.432088, "relative_strength": -7.849662, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.034764, "energy": 60.626705, "activity_lines": [ 18.589012, 18.550271, 18.491792, 18.410376 ] }, { "date": "2026-01-02", "close": 18.676017, "volume": 1182421, "typical_volume": 1143091.4, "trend": 18.309612, "fair_value": 16.457733, "relative_strength": -6.649829, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.350758, "energy": 66.662434, "activity_lines": [ 18.623659, 18.577285, 18.515389, 18.435918 ] }, { "date": "2026-01-09", "close": 18.705366, "volume": 2452249, "typical_volume": 1204270.2, "trend": 18.33913, "fair_value": 16.481883, "relative_strength": -7.777172, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.735425, "energy": 77.330317, "activity_lines": [ 18.65984, 18.606257, 18.539445, 18.46145 ] }, { "date": "2026-01-16", "close": 18.734716, "volume": 1612761, "typical_volume": 1223572.15, "trend": 18.366461, "fair_value": 16.505245, "relative_strength": -7.170859, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.781382, "energy": 83.256041, "activity_lines": [ 18.694813, 18.637355, 18.564001, 18.486972 ] }, { "date": "2026-01-23", "close": 18.729824, "volume": 1147497, "typical_volume": 1247882.7, "trend": 18.392045, "fair_value": 16.527869, "relative_strength": -6.75882, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.195016, "energy": 78.553905, "activity_lines": [ 18.714233, 18.662307, 18.585703, 18.510415 ] }, { "date": "2026-01-30", "close": 18.715149, "volume": 2171550, "typical_volume": 1296531.15, "trend": 18.414732, "fair_value": 16.549748, "relative_strength": -7.058214, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.269475, "energy": 76.661643, "activity_lines": [ 18.719063, 18.680481, 18.603902, 18.53126 ] }, { "date": "2026-02-06", "close": 18.755385, "volume": 1257494, "typical_volume": 1292967.4, "trend": 18.438442, "fair_value": 16.572975, "relative_strength": -6.532188, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.523031, "energy": 77.095553, "activity_lines": [ 18.733453, 18.70107, 18.624217, 18.553238 ] }, { "date": "2026-02-13", "close": 18.853632, "volume": 1402614, "typical_volume": 1300477.1, "trend": 18.466381, "fair_value": 16.59754, "relative_strength": -4.730119, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.166373, "energy": 80.595361, "activity_lines": [ 18.775301, 18.73583, 18.652302, 18.580024 ] }, { "date": "2026-02-20", "close": 18.927318, "volume": 719017, "typical_volume": 1267914.7, "trend": 18.494551, "fair_value": 16.622905, "relative_strength": -5.289836, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.057986, "energy": 88.773365, "activity_lines": [ 18.831826, 18.778293, 18.685168, 18.609762 ] }, { "date": "2026-02-27", "close": 18.902756, "volume": 792905, "typical_volume": 1211577.75, "trend": 18.522298, "fair_value": 16.647984, "relative_strength": -4.789475, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.89162, "energy": 89.404502, "activity_lines": [ 18.867324, 18.808992, 18.713244, 18.636098 ] }, { "date": "2026-03-06", "close": 18.81749, "volume": 1097050, "typical_volume": 1212450.0, "trend": 18.546085, "fair_value": 16.675363, "relative_strength": -3.113479, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.150392, "energy": 78.186369, "activity_lines": [ 18.862872, 18.818399, 18.73073, 18.655142 ] }, { "date": "2026-03-13", "close": 18.699079, "volume": 1105563, "typical_volume": 1210184.0, "trend": 18.563212, "fair_value": 16.705102, "relative_strength": -2.046115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.768521, "energy": 54.361332, "activity_lines": [ 18.812126, 18.803365, 18.734966, 18.665013 ] }, { "date": "2026-03-20", "close": 18.560932, "volume": 1229789, "typical_volume": 1220202.85, "trend": 18.574458, "fair_value": 16.733407, "relative_strength": -0.794642, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.130606, "energy": 16.73268, "activity_lines": [ 18.719085, 18.762794, 18.725051, 18.664866 ] }, { "date": "2026-03-27", "close": 18.396144, "volume": 1281611, "typical_volume": 1233796.3, "trend": 18.579891, "fair_value": 16.758359, "relative_strength": 0.770697, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -23.26762, "energy": 36.37065, "activity_lines": [ 18.590628, 18.694888, 18.699288, 18.653362 ] }, { "date": "2026-04-03", "close": 18.668666, "volume": 1133196, "typical_volume": 1233096.05, "trend": 18.592594, "fair_value": 16.785591, "relative_strength": -0.722128, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.569826, "energy": 33.042137, "activity_lines": [ 18.588423, 18.682687, 18.699715, 18.659089 ] }, { "date": "2026-04-10", "close": 18.871855, "volume": 924331, "typical_volume": 1225951.3, "trend": 18.609826, "fair_value": 16.813413, "relative_strength": -2.818499, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 30.821306, "energy": 25.532129, "activity_lines": [ 18.669554, 18.708541, 18.718709, 18.677106 ] }, { "date": "2026-04-17", "close": 18.916458, "volume": 1520967, "typical_volume": 1263469.75, "trend": 18.626302, "fair_value": 16.841355, "relative_strength": -6.375741, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.126373, "energy": 25.859366, "activity_lines": [ 18.761929, 18.739656, 18.73992, 18.696889 ] }, { "date": "2026-04-24", "close": 18.921414, "volume": 949792, "typical_volume": 1251466.6, "trend": 18.644225, "fair_value": 16.869549, "relative_strength": -6.497292, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.124046, "energy": 49.052505, "activity_lines": [ 18.841463, 18.768744, 18.75987, 18.715928 ] }, { "date": "2026-05-01", "close": 18.802517, "volume": 963498, "typical_volume": 1238110.15, "trend": 18.657211, "fair_value": 16.899701, "relative_strength": -7.629523, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.185314, "energy": 45.816806, "activity_lines": [ 18.857333, 18.774981, 18.766682, 18.726141 ] }, { "date": "2026-05-08", "close": 18.84712, "volume": 884147, "typical_volume": 1234102.4, "trend": 18.672649, "fair_value": 16.93058, "relative_strength": -9.173276, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.910864, "energy": 56.983508, "activity_lines": [ 18.860979, 18.791597, 18.776425, 18.738393 ] }, { "date": "2026-05-15", "close": 18.76287, "volume": 1505578, "typical_volume": 1266701.5, "trend": 18.684636, "fair_value": 16.959816, "relative_strength": -9.47395, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.745799, "energy": 34.171511, "activity_lines": [ 18.824644, 18.793907, 18.776892, 18.744214 ] }, { "date": "2026-05-22", "close": 18.802517, "volume": 1826207, "typical_volume": 1298890.8, "trend": 18.695047, "fair_value": 16.987983, "relative_strength": -9.721882, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.538397, "energy": 21.658842, "activity_lines": [ 18.808792, 18.804418, 18.780633, 18.751819 ] }, { "date": "2026-05-29", "close": 18.881811, "volume": 763200, "typical_volume": 1214438.35, "trend": 18.706814, "fair_value": 17.015799, "relative_strength": -10.301558, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.014444, "energy": 23.266738, "activity_lines": [ 18.826966, 18.827466, 18.791324, 18.763868 ] }, { "date": "2026-06-05", "close": 18.846294, "volume": 985830, "typical_volume": 1183091.8, "trend": 18.72017, "fair_value": 17.043331, "relative_strength": -7.887037, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.405708, "energy": 20.896491, "activity_lines": [ 18.835942, 18.838221, 18.797792, 18.772867 ] }, { "date": "2026-06-12", "close": 18.896073, "volume": 1194090, "typical_volume": 1185421.45, "trend": 18.733246, "fair_value": 17.071127, "relative_strength": -7.865446, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.150408, "energy": 31.850215, "activity_lines": [ 18.858592, 18.849843, 18.808469, 18.784215 ] }, { "date": "2026-06-19", "close": 18.940874, "volume": 875737, "typical_volume": 1120630.8, "trend": 18.749755, "fair_value": 17.099155, "relative_strength": -8.171609, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.75918, "energy": 51.209062, "activity_lines": [ 18.892912, 18.865476, 18.822621, 18.797611 ] }, { "date": "2026-06-26", "close": 18.945852, "volume": 1072346, "typical_volume": 1111373.4, "trend": 18.762874, "fair_value": 17.126772, "relative_strength": -5.678189, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.093858, "energy": 56.636916, "activity_lines": [ 18.917025, 18.880759, 18.836173, 18.810262 ] }, { "date": "2026-07-03", "close": 18.896842, "volume": 1176919, "typical_volume": 1100088.65, "trend": 18.774752, "fair_value": 17.154728, "relative_strength": -7.672757, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.819718, "energy": 54.188221, "activity_lines": [ 18.915245, 18.886597, 18.84415, 18.818905 ] }, { "date": "2026-07-10", "close": 18.876934, "volume": 1024669, "typical_volume": 1115371.25, "trend": 18.786454, "fair_value": 17.1815, "relative_strength": -8.74105, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.733101, "energy": 48.780086, "activity_lines": [ 18.905828, 18.889262, 18.850025, 18.825498 ] }, { "date": "2026-07-17", "close": 18.871958, "volume": 1268893, "typical_volume": 1139170.65, "trend": 18.796042, "fair_value": 17.207712, "relative_strength": -7.096959, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.332818, "energy": 30.642391, "activity_lines": [ 18.892709, 18.889669, 18.855666, 18.831014 ] }, { "date": "2026-07-24", "close": 18.787352, "volume": 1252551, "typical_volume": 1146945.7, "trend": 18.800374, "fair_value": 17.232187, "relative_strength": -6.753141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.877104, "energy": 13.702713, "activity_lines": [ 18.852995, 18.874242, 18.853396, 18.830453 ] }, { "date": "2026-07-31", "close": 18.792329, "volume": 763942, "typical_volume": 1129864.65, "trend": 18.804251, "fair_value": 17.256753, "relative_strength": -7.463686, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.942116, "energy": 15.818458, "activity_lines": [ 18.825176, 18.859274, 18.851744, 18.829934 ] }, { "date": "2026-08-07", "close": 18.86, "volume": 919342, "typical_volume": 1114342.3, "trend": 18.809405, "fair_value": 17.282087, "relative_strength": -10.00466, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.651779, "energy": 17.962159, "activity_lines": [ 18.830148, 18.856796, 18.856093, 18.833531 ] } ], "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." } } }