{ "ticker": { "uuid": "ec61e670-f588-45e7-8dff-002395418e0a", "symbol": "FLCC", "name": "FEDERATED HERMES MDT LARGE CAP CORE 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.832, "architecture_energy": 80.204, "architecture_maturity": 36.25, "architecture_confidence": 83.328, "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": 13.67, "rotation_up": 71.0, "upward_expansion": 92.37, "deceleration": 45.22, "rotation_down": 19.13, "downward_expansion": 16.71 }, "activity_lines": [ 36.106507, 35.697675, 35.188085, 34.453062 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 37.0217, "trend_reference": 33.620733, "distance_from_trend": 0.101157, "trend_direction": "Improving", "fair_value": 30.331329, "distance_from_fair_value": 0.220576, "fair_value_direction": "Improving", "relative_strength": 0.454682, "relative_strength_direction": "Improving", "price_momentum": 0.14474, "excess_performance": 0.019115, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.101157, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032295, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.220576, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052426, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.004547, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.027613, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.14474, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.245077, "read": "Demand-led" } ], "volume": { "latest": 106827, "relative_activity": 0.597033, "balance": 2.245077, "dry_up": 0.677357, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.022886, "annualized_volatility": 0.133096, "from_high_reference": -0.009585, "from_low_reference": 0.239013 }, "levels": { "trend_reference": 33.620733, "fair_value_reference": 30.331329, "structural_low": 29.88, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.017319, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.007568, "regime_survival": 1.0, "best_return": 0.019945, "worst_return": 0.000425, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.069364, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.018374, "regime_survival": 1.0, "best_return": 0.069364, "worst_return": 0.069364, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.038431, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.021187, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.032503, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.016157, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.069364, "active": true } ], "chart_path": [ { "date": "2024-08-02", "close": 24.541223, "volume": 95555, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 24.756514, "volume": 652, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 25.633468, "volume": 4081, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 26.069811, "volume": 9026, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 26.220753, "volume": 2600, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 24.991269, "volume": 312, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 25.954419, "volume": 363, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 26.517076, "volume": 152, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 26.628794, "volume": 53, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 26.731474, "volume": 46, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 27.080627, "volume": 7, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 27.287676, "volume": 1615, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 27.042197, "volume": 2907, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 26.905256, "volume": 5826, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 28.466913, "volume": 1769, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 27.858476, "volume": 31655, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 28.58856, "volume": 7170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 28.771578, "volume": 28197, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 29.165219, "volume": 175711, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 28.777734, "volume": 20087, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 28.21607, "volume": 17564, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 28.260559, "volume": 8450, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 28.309295, "volume": 1402, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 27.834888, "volume": 6794, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 28.721217, "volume": 45632, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 29.231742, "volume": 31212, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 29.20239, "volume": 105895, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 29.186072, "volume": 38562, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 29.291043, "volume": 9678, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 28.750967, "volume": 20118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 28.482621, "volume": 168749, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 27.619574, "volume": 20433, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 26.97025, "volume": 15095, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 27.205961, "volume": 10173, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 26.729365, "volume": 13475, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 24.100824, "volume": 58404, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 25.41002, "volume": 158013, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 25.245152, "volume": 13795, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 26.48251, "volume": 8745, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 27.317299, "volume": 18869, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 27.298494, "volume": 88726, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 28.793154, "volume": 6527, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 28.334567, "volume": 136471, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 28.73445, "volume": 33141, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 29.350841, "volume": 16087, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 28.904194, "volume": 16827, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 28.919019, "volume": 13335, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 29.936785, "volume": 16280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 30.547106, "volume": 4873, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 30.535963, "volume": 16843, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 30.813164, "volume": 148874, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 31.236927, "volume": 14340, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 30.399252, "volume": 34912, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 30.890375, "volume": 395997, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 31.115539, "volume": 323550, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 31.287074, "volume": 87940, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 31.243096, "volume": 8614, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 31.388363, "volume": 25068, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 31.853118, "volume": 45536, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 32.042961, "volume": 20952, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 31.762774, "volume": 12634, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 31.923961, "volume": 50579, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 30.940621, "volume": 13680, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 31.382293, "volume": 13732, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 31.970327, "volume": 41596, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 32.094103, "volume": 24492, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 31.563977, "volume": 370151, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 31.643774, "volume": 48706, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 31.064795, "volume": 26100, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 32.196984, "volume": 28575, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 32.471797, "volume": 42965, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 32.430008, "volume": 44206, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 32.544132, "volume": 22701, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 32.904614, "volume": 27424, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 32.4234, "volume": 18978, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 33.0, "volume": 74846, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 32.621, "volume": 355162, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 32.5599, "volume": 17162, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 32.48, "volume": 206516, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 32.3407, "volume": 41817, "typical_volume": 74101.1, "trend": 31.819634, "fair_value": 29.206256, "relative_strength": -2.944299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.700017, "energy": 21.095292, "activity_lines": [ 32.503013, 32.568234, 32.338273, 32.134391 ] }, { "date": "2026-02-13", "close": 31.8833, "volume": 43137, "typical_volume": 75626.25, "trend": 31.855306, "fair_value": 29.239306, "relative_strength": -3.001042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.070651, "energy": 14.157306, "activity_lines": [ 32.264007, 32.442006, 32.316115, 32.138498 ] }, { "date": "2026-02-20", "close": 32.23, "volume": 36005, "typical_volume": 74897.55, "trend": 31.888408, "fair_value": 29.275778, "relative_strength": -2.971393, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.595002, "energy": 16.919389, "activity_lines": [ 32.215013, 32.389514, 32.326403, 32.162672 ] }, { "date": "2026-02-27", "close": 32.1849, "volume": 45221, "typical_volume": 76474.6, "trend": 31.94793, "fair_value": 29.310827, "relative_strength": -2.559839, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.422938, "energy": 16.593423, "activity_lines": [ 32.177053, 32.332458, 32.330937, 32.1818 ] }, { "date": "2026-03-06", "close": 31.7913, "volume": 405275, "typical_volume": 96051.75, "trend": 31.97796, "fair_value": 29.340357, "relative_strength": -1.754709, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.010315, "energy": 12.095503, "activity_lines": [ 32.032893, 32.210371, 32.292061, 32.171695 ] }, { "date": "2026-03-13", "close": 31.0978, "volume": 47980, "typical_volume": 96370.95, "trend": 31.977369, "fair_value": 29.361032, "relative_strength": -2.374166, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.261107, "energy": 38.956408, "activity_lines": [ 31.70348, 31.982435, 32.18519, 32.114911 ] }, { "date": "2026-03-20", "close": 30.6608, "volume": 27530, "typical_volume": 96522.85, "trend": 31.956493, "fair_value": 29.376146, "relative_strength": -1.922081, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.266413, "energy": 56.973198, "activity_lines": [ 31.31126, 31.699145, 32.040854, 32.029971 ] }, { "date": "2026-03-27", "close": 30.0112, "volume": 35621, "typical_volume": 79796.35, "trend": 31.91543, "fair_value": 29.383445, "relative_strength": -1.755805, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.069354, "energy": 80.642706, "activity_lines": [ 30.784007, 31.340278, 31.841477, 31.904468 ] }, { "date": "2026-04-03", "close": 31.1145, "volume": 810432, "typical_volume": 117882.65, "trend": 31.906301, "fair_value": 29.403117, "relative_strength": -1.488921, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.148485, "energy": 70.708822, "activity_lines": [ 30.77244, 31.229462, 31.75457, 31.852795 ] }, { "date": "2026-04-10", "close": 32.1258, "volume": 489498, "typical_volume": 141052.55, "trend": 31.915391, "fair_value": 29.433709, "relative_strength": -1.790897, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.114963, "energy": 41.335921, "activity_lines": [ 31.169333, 31.328798, 31.766498, 31.866956 ] }, { "date": "2026-04-17", "close": 33.7507, "volume": 451935, "typical_volume": 162220.55, "trend": 31.972315, "fair_value": 29.481675, "relative_strength": -1.242378, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.105118, "energy": 16.981489, "activity_lines": [ 32.08556, 31.730011, 31.928126, 31.985363 ] }, { "date": "2026-04-24", "close": 33.9597, "volume": 96816, "typical_volume": 164913.1, "trend": 32.045546, "fair_value": 29.530884, "relative_strength": -1.117084, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.158412, "energy": 48.982545, "activity_lines": [ 32.894593, 32.143587, 32.10226, 32.113582 ] }, { "date": "2026-05-01", "close": 34.296, "volume": 222012, "typical_volume": 173803.4, "trend": 32.124614, "fair_value": 29.582679, "relative_strength": -1.021713, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.786489, "energy": 65.654757, "activity_lines": [ 33.5958, 32.580556, 32.301337, 32.258772 ] }, { "date": "2026-05-08", "close": 34.6203, "volume": 55468, "typical_volume": 175441.75, "trend": 32.24727, "fair_value": 29.636847, "relative_strength": -2.306611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.280974, "energy": 85.730428, "activity_lines": [ 34.119453, 33.038925, 32.522415, 32.419784 ] }, { "date": "2026-05-15", "close": 34.6922, "volume": 64941, "typical_volume": 177317.6, "trend": 32.3576, "fair_value": 29.690627, "relative_strength": -2.227644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.582981, "energy": 86.034095, "activity_lines": [ 34.433353, 33.466087, 32.740453, 32.577522 ] }, { "date": "2026-05-22", "close": 34.9678, "volume": 78923, "typical_volume": 180314.85, "trend": 32.457516, "fair_value": 29.746176, "relative_strength": -2.204471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.448483, "energy": 86.005161, "activity_lines": [ 34.668027, 33.890615, 32.976227, 32.745922 ] }, { "date": "2026-05-29", "close": 35.4366, "volume": 79368, "typical_volume": 180540.95, "trend": 32.568933, "fair_value": 29.805452, "relative_strength": -2.216733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.223526, "energy": 87.282438, "activity_lines": [ 34.977827, 34.330015, 33.244532, 32.938121 ] }, { "date": "2026-06-05", "close": 34.635, "volume": 45410, "typical_volume": 165053.35, "trend": 32.6713, "fair_value": 29.855241, "relative_strength": -1.873668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.987201, "energy": 65.81208, "activity_lines": [ 34.921967, 34.536836, 33.424892, 33.071415 ] }, { "date": "2026-06-12", "close": 34.7147, "volume": 81849, "typical_volume": 168287.7, "trend": 32.773664, "fair_value": 29.904827, "relative_strength": -2.11941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.440112, "energy": 55.457766, "activity_lines": [ 34.870073, 34.67408, 33.603251, 33.203248 ] }, { "date": "2026-06-19", "close": 34.9864, "volume": 370842, "typical_volume": 176504.0, "trend": 32.904384, "fair_value": 29.956156, "relative_strength": -2.169521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.580313, "energy": 53.554404, "activity_lines": [ 34.902453, 34.795265, 33.797226, 33.346005 ] }, { "date": "2026-06-26", "close": 34.5561, "volume": 74565, "typical_volume": 178141.4, "trend": 32.983022, "fair_value": 30.002156, "relative_strength": -0.947592, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.00352, "energy": 40.870062, "activity_lines": [ 34.771787, 34.786204, 33.938285, 33.452567 ] }, { "date": "2026-07-03", "close": 35.3258, "volume": 30029, "typical_volume": 177486.0, "trend": 33.078155, "fair_value": 30.054865, "relative_strength": -0.810055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.990989, "energy": 49.533585, "activity_lines": [ 34.925133, 34.902444, 34.142099, 33.603714 ] }, { "date": "2026-07-10", "close": 35.8055, "volume": 106092, "typical_volume": 180990.35, "trend": 33.190672, "fair_value": 30.111244, "relative_strength": -0.734461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.841006, "energy": 57.467629, "activity_lines": [ 35.245767, 35.081064, 34.375205, 33.779672 ] }, { "date": "2026-07-17", "close": 35.5109, "volume": 42936, "typical_volume": 180876.1, "trend": 33.289564, "fair_value": 30.163668, "relative_strength": 0.06832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.736538, "energy": 68.535878, "activity_lines": [ 35.390167, 35.178675, 34.563229, 33.929364 ] }, { "date": "2026-07-24", "close": 35.3038, "volume": 273694, "typical_volume": 174297.05, "trend": 33.369537, "fair_value": 30.213092, "relative_strength": 0.144124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.105815, "energy": 68.090524, "activity_lines": [ 35.412453, 35.222438, 34.71569, 34.059315 ] }, { "date": "2026-07-31", "close": 35.9376, "volume": 61341, "typical_volume": 174965.1, "trend": 33.486677, "fair_value": 30.267611, "relative_strength": 0.890665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.035372, "energy": 74.250936, "activity_lines": [ 35.624847, 35.370318, 34.911787, 34.224996 ] }, { "date": "2026-08-07", "close": 37.0217, "volume": 106827, "typical_volume": 178929.95, "trend": 33.620733, "fair_value": 30.331329, "relative_strength": 0.454682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.832265, "energy": 80.203907, "activity_lines": [ 36.106507, 35.697675, 35.188085, 34.453062 ] } ], "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." } } }