{ "ticker": { "uuid": "eeda5d87-6576-4152-ac20-9d0ee8f45476", "symbol": "HSPD", "name": "HSBC S&P 500 UCITS ETF", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 86.037, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.666, "architecture_energy": 67.818, "architecture_maturity": 92.12, "architecture_confidence": 62.445, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 15.71, "rotation_up": 53.44, "upward_expansion": 83.0, "deceleration": 71.47, "rotation_down": 29.47, "downward_expansion": 12.0 }, "activity_lines": [ 66.545999, 66.331272, 65.396047, 63.919071 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 67.709999, "trend_reference": 62.174177, "distance_from_trend": 0.089037, "trend_direction": "Improving", "fair_value": 52.880762, "distance_from_fair_value": 0.280428, "fair_value_direction": "Improving", "relative_strength": -3.579909, "relative_strength_direction": "Weakening", "price_momentum": 0.151335, "excess_performance": -0.019557, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089037, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040435, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.280428, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028589, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035799, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012113, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.151335, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.272188, "read": "Demand-led" } ], "volume": { "latest": 18772, "relative_activity": 2.406728, "balance": 1.272188, "dry_up": 1.589784, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.016337, "annualized_volatility": 0.116962, "from_high_reference": -0.008493, "from_low_reference": 0.237902 }, "levels": { "trend_reference": 62.174177, "fair_value_reference": 52.880762, "structural_low": 56.099998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.014474, "positive_rate": 0.631579, "directional_follow_through": 0.631579, "median_excess_return": -0.007257, "regime_survival": 0.815789, "best_return": 0.080112, "worst_return": -0.102333, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.032659, "positive_rate": 0.785714, "directional_follow_through": 0.785714, "median_excess_return": -0.00782, "regime_survival": 0.5, "best_return": 0.125783, "worst_return": -0.177381, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.072656, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.003563, "regime_survival": 0.375, "best_return": 0.196887, "worst_return": -0.086098, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.084829, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.084289, "regime_survival": 0.5, "best_return": 0.184246, "worst_return": 0.048212, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-05-03", "tenure": "Established", "return": 0.132276, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.006228, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.003981, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.059782, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.089247, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.115596, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.133695, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.039916, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.016241, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-02-06", "tenure": "Established", "return": 0.062237, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-13", "end": "2026-03-27", "tenure": "Developing", "return": -0.035702, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.023656, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.010162, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.101692, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 39.731873, "volume": 246, "typical_volume": 14976.9, "trend": 37.978694, "fair_value": 35.454276, "relative_strength": -2.851859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.915394, "energy": 61.239329, "activity_lines": [ 40.064369, 39.969609, 39.372452, 38.714599 ] }, { "date": "2023-08-25", "close": 39.93158, "volume": 5773, "typical_volume": 13994.25, "trend": 38.0958, "fair_value": 35.532436, "relative_strength": -3.401266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.981818, "energy": 46.417405, "activity_lines": [ 39.979315, 39.983736, 39.494537, 38.840592 ] }, { "date": "2023-09-01", "close": 41.066494, "volume": 21373, "typical_volume": 14127.35, "trend": 38.214596, "fair_value": 35.622926, "relative_strength": -1.760665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.977161, "energy": 59.67032, "activity_lines": [ 40.28553, 40.19921, 39.708347, 39.03225 ] }, { "date": "2023-09-08", "close": 40.983692, "volume": 3981, "typical_volume": 13742.0, "trend": 38.340796, "fair_value": 35.713848, "relative_strength": -0.092006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.556765, "energy": 61.554503, "activity_lines": [ 40.556027, 40.364577, 39.893337, 39.210901 ] }, { "date": "2023-09-15", "close": 41.120075, "volume": 745, "typical_volume": 13123.25, "trend": 38.457667, "fair_value": 35.806848, "relative_strength": -1.596021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.518338, "energy": 65.225679, "activity_lines": [ 40.821977, 40.534835, 40.071305, 39.390209 ] }, { "date": "2023-09-22", "close": 40.165379, "volume": 6177, "typical_volume": 12736.65, "trend": 38.577726, "fair_value": 35.893909, "relative_strength": -2.369027, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.094389, "energy": 56.701742, "activity_lines": [ 40.688189, 40.502263, 40.137389, 39.500384 ] }, { "date": "2023-09-29", "close": 40.106934, "volume": 17780, "typical_volume": 12243.3, "trend": 38.683575, "fair_value": 35.977225, "relative_strength": -0.919597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.751559, "energy": 47.929063, "activity_lines": [ 40.506019, 40.445325, 40.180732, 39.599043 ] }, { "date": "2023-10-06", "close": 39.663681, "volume": 14308, "typical_volume": 12193.6, "trend": 38.809015, "fair_value": 36.053396, "relative_strength": -0.076185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.296495, "energy": 25.846137, "activity_lines": [ 40.164408, 40.308143, 40.167432, 39.662275 ] }, { "date": "2023-10-13", "close": 40.589153, "volume": 5953, "typical_volume": 10077.85, "trend": 38.966595, "fair_value": 36.13231, "relative_strength": 1.103957, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.290183, "energy": 25.194672, "activity_lines": [ 40.224808, 40.362521, 40.233916, 39.777123 ] }, { "date": "2023-10-20", "close": 39.308105, "volume": 22704, "typical_volume": 10733.2, "trend": 39.086475, "fair_value": 36.207286, "relative_strength": 1.407385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.680818, "energy": 16.410436, "activity_lines": [ 39.884495, 40.177515, 40.167479, 39.799156 ] }, { "date": "2023-10-27", "close": 38.528763, "volume": 64048, "typical_volume": 13352.7, "trend": 39.148592, "fair_value": 36.283765, "relative_strength": 0.001125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.867253, "energy": 28.978924, "activity_lines": [ 39.405199, 39.861527, 40.025481, 39.763175 ] }, { "date": "2023-11-03", "close": 40.024124, "volume": 178099, "typical_volume": 22074.9, "trend": 39.266201, "fair_value": 36.361104, "relative_strength": -0.91241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.020174, "energy": 17.396692, "activity_lines": [ 39.533465, 39.839298, 40.027766, 39.81966 ] }, { "date": "2023-11-10", "close": 40.355347, "volume": 7171, "typical_volume": 21851.4, "trend": 39.389043, "fair_value": 36.436683, "relative_strength": 0.647366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.051884, "energy": 18.439927, "activity_lines": [ 39.777659, 39.875608, 40.059845, 39.889928 ] }, { "date": "2023-11-17", "close": 40.769375, "volume": 14465, "typical_volume": 22329.3, "trend": 39.521975, "fair_value": 36.515008, "relative_strength": -1.583275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.625253, "energy": 19.181257, "activity_lines": [ 40.113751, 40.000127, 40.125562, 39.978982 ] }, { "date": "2023-11-24", "close": 41.042145, "volume": 3102, "typical_volume": 20046.9, "trend": 39.666097, "fair_value": 36.593034, "relative_strength": -0.530211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.189608, "energy": 39.227263, "activity_lines": [ 40.528752, 40.178136, 40.213064, 40.077057 ] }, { "date": "2023-12-01", "close": 41.514622, "volume": 9862, "typical_volume": 19961.4, "trend": 39.831292, "fair_value": 36.674179, "relative_strength": -0.869537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.93972, "energy": 67.628533, "activity_lines": [ 40.985642, 40.443467, 40.338275, 40.196317 ] }, { "date": "2023-12-08", "close": 41.78252, "volume": 9826, "typical_volume": 20433.75, "trend": 39.988154, "fair_value": 36.758878, "relative_strength": -1.615293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.650308, "energy": 78.668921, "activity_lines": [ 41.332775, 40.732975, 40.478976, 40.322202 ] }, { "date": "2023-12-15", "close": 42.678761, "volume": 2059, "typical_volume": 20526.6, "trend": 40.147139, "fair_value": 36.848358, "relative_strength": 0.707076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.065137, "energy": 88.749806, "activity_lines": [ 41.861428, 41.154971, 40.697145, 40.49579 ] }, { "date": "2023-12-22", "close": 42.654408, "volume": 2510, "typical_volume": 19974.85, "trend": 40.292405, "fair_value": 36.937081, "relative_strength": 0.803253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.727519, "energy": 90.75823, "activity_lines": [ 42.227069, 41.51772, 40.904738, 40.657549 ] }, { "date": "2023-12-29", "close": 42.483925, "volume": 329, "typical_volume": 19525.55, "trend": 40.407625, "fair_value": 37.023507, "relative_strength": 0.491874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.251873, "energy": 87.598682, "activity_lines": [ 42.410213, 41.811921, 41.084566, 40.798938 ] }, { "date": "2024-01-05", "close": 42.376766, "volume": 22044, "typical_volume": 20615.45, "trend": 40.522823, "fair_value": 37.105514, "relative_strength": -0.032599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.315709, "energy": 84.557049, "activity_lines": [ 42.46152, 42.028897, 41.241873, 40.925979 ] }, { "date": "2024-01-12", "close": 43.009987, "volume": 20296, "typical_volume": 21341.6, "trend": 40.634604, "fair_value": 37.19104, "relative_strength": 1.325285, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.125916, "energy": 84.928272, "activity_lines": [ 42.666423, 42.29104, 41.446891, 41.086441 ] }, { "date": "2024-01-19", "close": 43.555527, "volume": 22989, "typical_volume": 21422.4, "trend": 40.781834, "fair_value": 37.278087, "relative_strength": 3.148703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.434701, "energy": 86.53455, "activity_lines": [ 42.971343, 42.598084, 41.689207, 41.274888 ] }, { "date": "2024-01-26", "close": 44.540779, "volume": 4939, "typical_volume": 21470.3, "trend": 40.936897, "fair_value": 37.375931, "relative_strength": 5.023844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.134229, "energy": 95.389707, "activity_lines": [ 43.546228, 43.02608, 42.013503, 41.5174 ] }, { "date": "2024-02-02", "close": 45.246536, "volume": 22145, "typical_volume": 22540.3, "trend": 41.12807, "fair_value": 37.469126, "relative_strength": 5.392317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.955048, "energy": 97.991031, "activity_lines": [ 44.230608, 43.513824, 42.388077, 41.795442 ] }, { "date": "2024-02-09", "close": 45.903282, "volume": 4353, "typical_volume": 22449.1, "trend": 41.344523, "fair_value": 37.566107, "relative_strength": 5.260787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.159777, "energy": 97.868449, "activity_lines": [ 44.949729, 44.044532, 42.805547, 42.10352 ] }, { "date": "2024-02-16", "close": 46.128727, "volume": 6399, "typical_volume": 21880.05, "trend": 41.544611, "fair_value": 37.664291, "relative_strength": 3.717613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.527042, "energy": 96.648307, "activity_lines": [ 45.508897, 44.536437, 43.217165, 42.412178 ] }, { "date": "2024-02-23", "close": 46.506107, "volume": 3339, "typical_volume": 21331.6, "trend": 41.729991, "fair_value": 37.769495, "relative_strength": 1.374071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.439216, "energy": 95.552128, "activity_lines": [ 45.985943, 45.017935, 43.636049, 42.732275 ] }, { "date": "2024-03-01", "close": 46.736458, "volume": 8852, "typical_volume": 21476.55, "trend": 41.946754, "fair_value": 37.87763, "relative_strength": 1.028283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.140685, "energy": 94.187259, "activity_lines": [ 46.343067, 45.471727, 44.044288, 43.055273 ] }, { "date": "2024-03-08", "close": 46.589424, "volume": 37779, "typical_volume": 22230.3, "trend": 42.169818, "fair_value": 37.975558, "relative_strength": -0.813604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.178337, "energy": 83.013784, "activity_lines": [ 46.504801, 45.824566, 44.409251, 43.3548 ] }, { "date": "2024-03-15", "close": 46.45219, "volume": 12611, "typical_volume": 19658.45, "trend": 42.393829, "fair_value": 38.072182, "relative_strength": -2.617002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.524503, "energy": 68.69593, "activity_lines": [ 46.531264, 46.077808, 44.726471, 43.631082 ] }, { "date": "2024-03-22", "close": 47.922512, "volume": 30987, "typical_volume": 12302.85, "trend": 42.660193, "fair_value": 38.177626, "relative_strength": -0.73829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.91057, "energy": 76.667195, "activity_lines": [ 47.011241, 46.524282, 45.145991, 43.987771 ] }, { "date": "2024-03-29", "close": 48.133255, "volume": 3196, "typical_volume": 12104.1, "trend": 42.895752, "fair_value": 38.278124, "relative_strength": -1.510881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.954485, "energy": 75.238757, "activity_lines": [ 47.44188, 46.919755, 45.547971, 44.340872 ] }, { "date": "2024-04-05", "close": 47.491222, "volume": 3428, "typical_volume": 11552.25, "trend": 43.11267, "fair_value": 38.3716, "relative_strength": -0.788135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.854, "energy": 67.455812, "activity_lines": [ 47.550031, 47.115263, 45.851767, 44.637354 ] }, { "date": "2024-04-12", "close": 47.937214, "volume": 14254, "typical_volume": 12109.85, "trend": 43.339908, "fair_value": 38.46636, "relative_strength": 0.732868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.401254, "energy": 69.483762, "activity_lines": [ 47.756529, 47.338217, 46.166029, 44.948615 ] }, { "date": "2024-04-19", "close": 46.363976, "volume": 30399, "typical_volume": 13136.7, "trend": 43.546528, "fair_value": 38.551278, "relative_strength": -3.081241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.603879, "energy": 62.821579, "activity_lines": [ 47.348762, 47.226205, 46.297626, 45.143716 ] }, { "date": "2024-04-26", "close": 47.26577, "volume": 23667, "typical_volume": 13828.75, "trend": 43.785155, "fair_value": 38.641855, "relative_strength": -2.174294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.108851, "energy": 53.399741, "activity_lines": [ 47.247473, 47.26978, 46.492015, 45.383667 ] }, { "date": "2024-05-03", "close": 47.006016, "volume": 3583, "typical_volume": 13904.95, "trend": 44.0299, "fair_value": 38.731615, "relative_strength": -0.997733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.135096, "energy": 45.444712, "activity_lines": [ 47.103383, 47.245453, 46.635556, 45.591464 ] }, { "date": "2024-05-10", "close": 48.000927, "volume": 819, "typical_volume": 13820.4, "trend": 44.276959, "fair_value": 38.831234, "relative_strength": -1.94012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.280245, "energy": 47.233498, "activity_lines": [ 47.366078, 47.39293, 46.853244, 45.84766 ] }, { "date": "2024-05-17", "close": 48.299896, "volume": 4362, "typical_volume": 14022.05, "trend": 44.576685, "fair_value": 38.931529, "relative_strength": -3.380407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.627656, "energy": 58.871808, "activity_lines": [ 47.69445, 47.571775, 47.073945, 46.107204 ] }, { "date": "2024-05-24", "close": 48.461624, "volume": 2812, "typical_volume": 13060.45, "trend": 44.907781, "fair_value": 39.03071, "relative_strength": -0.466058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.284365, "energy": 62.55924, "activity_lines": [ 48.052552, 47.748925, 47.282354, 46.357845 ] }, { "date": "2024-05-31", "close": 47.623547, "volume": 19949, "typical_volume": 13043.1, "trend": 45.161095, "fair_value": 39.123551, "relative_strength": -2.108698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.444499, "energy": 55.346544, "activity_lines": [ 47.991453, 47.737162, 47.381971, 46.533056 ] }, { "date": "2024-06-07", "close": 49.147774, "volume": 7476, "typical_volume": 12267.45, "trend": 45.454176, "fair_value": 39.225466, "relative_strength": 0.555164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.810508, "energy": 62.816647, "activity_lines": [ 48.414577, 48.007968, 47.604783, 46.790261 ] }, { "date": "2024-06-14", "close": 50.255413, "volume": 3139, "typical_volume": 12177.45, "trend": 45.770377, "fair_value": 39.33215, "relative_strength": 8.930021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.453741, "energy": 79.06413, "activity_lines": [ 49.06413, 48.461716, 47.906454, 47.100018 ] }, { "date": "2024-06-21", "close": 50.765121, "volume": 2249, "typical_volume": 11182.65, "trend": 46.094476, "fair_value": 39.438256, "relative_strength": 7.781671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.839595, "energy": 90.640691, "activity_lines": [ 49.733286, 48.957881, 48.229457, 47.42226 ] }, { "date": "2024-06-28", "close": 50.921955, "volume": 2607, "typical_volume": 11095.35, "trend": 46.408054, "fair_value": 39.540554, "relative_strength": 8.438745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.030087, "energy": 92.946044, "activity_lines": [ 50.290373, 49.431144, 48.541117, 47.73371 ] }, { "date": "2024-07-05", "close": 50.872948, "volume": 1305, "typical_volume": 10840.65, "trend": 46.711068, "fair_value": 39.641357, "relative_strength": 5.569435, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.921234, "energy": 90.192078, "activity_lines": [ 50.667102, 49.812625, 48.824212, 48.021768 ] }, { "date": "2024-07-12", "close": 51.304237, "volume": 6053, "typical_volume": 10976.35, "trend": 46.998584, "fair_value": 39.744815, "relative_strength": 4.484764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.796043, "energy": 91.625755, "activity_lines": [ 50.970966, 50.206937, 49.12579, 48.318101 ] }, { "date": "2024-07-19", "close": 50.30442, "volume": 1782, "typical_volume": 10622.85, "trend": 47.253585, "fair_value": 39.837815, "relative_strength": 3.429945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.843052, "energy": 79.851971, "activity_lines": [ 50.797795, 50.341314, 49.309299, 48.531381 ] }, { "date": "2024-07-26", "close": 49.835587, "volume": 3844, "typical_volume": 8926.1, "trend": 47.49864, "fair_value": 39.92991, "relative_strength": 3.569867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.308501, "energy": 60.620057, "activity_lines": [ 50.465078, 50.348567, 49.431167, 48.697962 ] }, { "date": "2024-08-02", "close": 48.268677, "volume": 6423, "typical_volume": 8616.7, "trend": 47.695037, "fair_value": 40.008217, "relative_strength": 5.787802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.283372, "energy": 26.288822, "activity_lines": [ 49.672028, 50.043006, 49.388348, 48.747642 ] }, { "date": "2024-08-09", "close": 48.382008, "volume": 35763, "typical_volume": 8855.5, "trend": 47.874104, "fair_value": 40.086216, "relative_strength": 6.66675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.741228, "energy": 24.853117, "activity_lines": [ 49.093639, 49.761559, 49.347672, 48.791962 ] }, { "date": "2024-08-16", "close": 50.042534, "volume": 462, "typical_volume": 8718.8, "trend": 48.090338, "fair_value": 40.174372, "relative_strength": 6.004604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.419579, "energy": 27.154017, "activity_lines": [ 49.234822, 49.768236, 49.462953, 48.931861 ] }, { "date": "2024-08-23", "close": 49.963696, "volume": 2070, "typical_volume": 8650.9, "trend": 48.271102, "fair_value": 40.260379, "relative_strength": 3.825451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.303137, "energy": 23.84455, "activity_lines": [ 49.433839, 49.744309, 49.561634, 49.052723 ] }, { "date": "2024-08-30", "close": 50.31847, "volume": 4385, "typical_volume": 8157.45, "trend": 48.440166, "fair_value": 40.34796, "relative_strength": 2.321333, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.171342, "energy": 24.668205, "activity_lines": [ 49.773829, 49.790191, 49.68233, 49.184811 ] }, { "date": "2024-09-06", "close": 48.534756, "volume": 9360, "typical_volume": 7105.5, "trend": 48.527882, "fair_value": 40.424686, "relative_strength": 1.893295, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.338468, "energy": 11.715876, "activity_lines": [ 49.487055, 49.519883, 49.621809, 49.190914 ] }, { "date": "2024-09-13", "close": 50.446579, "volume": 11634, "typical_volume": 6503.85, "trend": 48.67181, "fair_value": 40.515705, "relative_strength": 4.920583, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.720768, "energy": 27.093729, "activity_lines": [ 49.819817, 49.640582, 49.733029, 49.314701 ] }, { "date": "2024-09-20", "close": 50.742226, "volume": 14950, "typical_volume": 7072.2, "trend": 48.813014, "fair_value": 40.608134, "relative_strength": 4.792059, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.777314, "energy": 31.88898, "activity_lines": [ 50.11349, 49.822787, 49.857259, 49.448276 ] }, { "date": "2024-09-27", "close": 51.274384, "volume": 2450, "typical_volume": 7153.75, "trend": 48.964279, "fair_value": 40.70793, "relative_strength": 2.870703, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.644513, "energy": 49.305263, "activity_lines": [ 50.537903, 50.111967, 50.014379, 49.607074 ] }, { "date": "2024-10-04", "close": 51.816399, "volume": 50792, "typical_volume": 9475.25, "trend": 49.138511, "fair_value": 40.806331, "relative_strength": 7.297142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.207239, "energy": 68.93147, "activity_lines": [ 51.055608, 50.482059, 50.207532, 49.791082 ] }, { "date": "2024-10-11", "close": 52.801872, "volume": 11853, "typical_volume": 9927.3, "trend": 49.350167, "fair_value": 40.908431, "relative_strength": 6.916968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.58427, "energy": 78.608324, "activity_lines": [ 51.801943, 50.995314, 50.477795, 50.027427 ] }, { "date": "2024-10-18", "close": 53.718365, "volume": 1738, "typical_volume": 9016.75, "trend": 49.543362, "fair_value": 41.013819, "relative_strength": 5.878329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.289408, "energy": 86.586343, "activity_lines": [ 52.5693, 51.592782, 50.814674, 50.309247 ] }, { "date": "2024-10-25", "close": 53.738071, "volume": 7673, "typical_volume": 9026.6, "trend": 49.730189, "fair_value": 41.114007, "relative_strength": 7.030381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.495013, "energy": 88.426666, "activity_lines": [ 53.125108, 52.096808, 51.124407, 50.579873 ] }, { "date": "2024-11-01", "close": 52.772308, "volume": 12803, "typical_volume": 9509.8, "trend": 49.906226, "fair_value": 41.201917, "relative_strength": 5.233246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.118935, "energy": 84.311523, "activity_lines": [ 53.159271, 52.358049, 51.320305, 50.776139 ] }, { "date": "2024-11-08", "close": 55.659756, "volume": 6300, "typical_volume": 9712.35, "trend": 50.163644, "fair_value": 41.307453, "relative_strength": 13.463217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.170856, "energy": 94.812396, "activity_lines": [ 54.056055, 53.093215, 51.779212, 51.147334 ] }, { "date": "2024-11-15", "close": 55.610485, "volume": 3690, "typical_volume": 9766.5, "trend": 50.471861, "fair_value": 41.408017, "relative_strength": 11.757509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.810947, "energy": 92.765287, "activity_lines": [ 54.680192, 53.722308, 52.210119, 51.498743 ] }, { "date": "2024-11-22", "close": 57.118263, "volume": 176271, "typical_volume": 18514.8, "trend": 50.800277, "fair_value": 41.524181, "relative_strength": 16.696959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.68004, "energy": 93.806084, "activity_lines": [ 55.619681, 54.496893, 52.762297, 51.927544 ] }, { "date": "2024-11-29", "close": 57.000004, "volume": 11231, "typical_volume": 18773.7, "trend": 51.13341, "fair_value": 41.642418, "relative_strength": 16.246646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.595167, "energy": 91.966772, "activity_lines": [ 56.29309, 55.128673, 53.273473, 52.327526 ] }, { "date": "2024-12-06", "close": 57.44347, "volume": 3538, "typical_volume": 18861.5, "trend": 51.448161, "fair_value": 41.755888, "relative_strength": 12.24033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.691334, "energy": 91.447134, "activity_lines": [ 56.896859, 55.727306, 53.799762, 52.734627 ] }, { "date": "2024-12-13", "close": 57.44347, "volume": 5639, "typical_volume": 18951.25, "trend": 51.752947, "fair_value": 41.867746, "relative_strength": 11.441949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.114035, "energy": 89.888333, "activity_lines": [ 57.189217, 56.213773, 54.292055, 53.121421 ] }, { "date": "2024-12-20", "close": 56.960587, "volume": 11153, "typical_volume": 19187.75, "trend": 52.036246, "fair_value": 41.981377, "relative_strength": 13.7633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.888043, "energy": 77.50223, "activity_lines": [ 57.2017, 56.510134, 54.70213, 53.457397 ] }, { "date": "2024-12-27", "close": 57.078842, "volume": 1946, "typical_volume": 17496.9, "trend": 52.351423, "fair_value": 42.086149, "relative_strength": 12.286431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.898539, "energy": 65.351326, "activity_lines": [ 57.163594, 56.752382, 55.082079, 53.782726 ] }, { "date": "2025-01-03", "close": 57.364632, "volume": 7940, "typical_volume": 17870.8, "trend": 52.625318, "fair_value": 42.199631, "relative_strength": 12.537777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.752944, "energy": 64.142912, "activity_lines": [ 57.22338, 56.985492, 55.447832, 54.106159 ] }, { "date": "2025-01-10", "close": 56.753639, "volume": 8184, "typical_volume": 18176.5, "trend": 52.841925, "fair_value": 42.313641, "relative_strength": 8.000476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.080516, "energy": 59.265336, "activity_lines": [ 57.055193, 57.041575, 55.720528, 54.372502 ] }, { "date": "2025-01-17", "close": 58.261414, "volume": 5810, "typical_volume": 18247.75, "trend": 53.091802, "fair_value": 42.443359, "relative_strength": 7.037468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.291032, "energy": 64.907151, "activity_lines": [ 57.435586, 57.299411, 56.104488, 54.722147 ] }, { "date": "2025-01-24", "close": 58.093887, "volume": 27074, "typical_volume": 19133.45, "trend": 53.330866, "fair_value": 42.575033, "relative_strength": 6.737672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.575373, "energy": 61.435642, "activity_lines": [ 57.705608, 57.479485, 56.43467, 55.044862 ] }, { "date": "2025-01-31", "close": 57.936596, "volume": 22271, "typical_volume": 19665.3, "trend": 53.566321, "fair_value": 42.697895, "relative_strength": 5.501783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.660105, "energy": 57.698952, "activity_lines": [ 57.847645, 57.585808, 56.704352, 55.342006 ] }, { "date": "2025-02-07", "close": 58.34272, "volume": 20899, "typical_volume": 19962.75, "trend": 53.800937, "fair_value": 42.829083, "relative_strength": 4.43211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.875633, "energy": 65.100505, "activity_lines": [ 58.067874, 57.751093, 56.977046, 55.650161 ] }, { "date": "2025-02-14", "close": 58.164417, "volume": 6264, "typical_volume": 20153.45, "trend": 54.062937, "fair_value": 42.960904, "relative_strength": 1.484626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.1399, "energy": 60.59191, "activity_lines": [ 58.163463, 57.859546, 57.196566, 55.931675 ] }, { "date": "2025-02-21", "close": 58.174324, "volume": 22680, "typical_volume": 18747.85, "trend": 54.340895, "fair_value": 43.095113, "relative_strength": 0.214135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.351624, "energy": 60.465236, "activity_lines": [ 58.168302, 57.956692, 57.38422, 56.196926 ] }, { "date": "2025-02-28", "close": 56.44088, "volume": 21961, "typical_volume": 19253.25, "trend": 54.613302, "fair_value": 43.214508, "relative_strength": -3.410995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.31555, "energy": 39.396612, "activity_lines": [ 57.601132, 57.725378, 57.376508, 56.332409 ] }, { "date": "2025-03-07", "close": 52.399487, "volume": 57154, "typical_volume": 22024.05, "trend": 54.747218, "fair_value": 43.310628, "relative_strength": -10.140821, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -17.359101, "energy": 27.300898, "activity_lines": [ 55.797032, 56.768715, 56.966573, 56.189582 ] }, { "date": "2025-03-14", "close": 51.557526, "volume": 40421, "typical_volume": 23661.45, "trend": 54.797717, "fair_value": 43.39823, "relative_strength": -11.687308, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -47.469308, "energy": 53.421975, "activity_lines": [ 54.081419, 55.744047, 56.482731, 55.983796 ] }, { "date": "2025-03-21", "close": 52.221191, "volume": 35481, "typical_volume": 24795.35, "trend": 54.872967, "fair_value": 43.481395, "relative_strength": -11.358556, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.452384, "energy": 60.364814, "activity_lines": [ 53.039374, 54.945629, 56.072479, 55.817568 ] }, { "date": "2025-03-28", "close": 51.626865, "volume": 18551, "typical_volume": 25407.9, "trend": 54.916581, "fair_value": 43.559036, "relative_strength": -11.636475, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.401919, "energy": 77.409887, "activity_lines": [ 52.195435, 54.12156, 55.608249, 55.608142 ] }, { "date": "2025-04-04", "close": 47.189251, "volume": 32262, "typical_volume": 26836.5, "trend": 54.87173, "fair_value": 43.609271, "relative_strength": -9.658198, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -68.087435, "energy": 88.271022, "activity_lines": [ 50.308788, 52.61128, 54.740594, 55.109605 ] }, { "date": "2025-04-11", "close": 46.342342, "volume": 307329, "typical_volume": 33389.4, "trend": 54.734922, "fair_value": 43.653037, "relative_strength": -9.593694, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.100234, "energy": 95.576947, "activity_lines": [ 48.756614, 51.145283, 53.832381, 54.559322 ] }, { "date": "2025-04-18", "close": 46.490925, "volume": 76187, "typical_volume": 36637.2, "trend": 54.593212, "fair_value": 43.702744, "relative_strength": -14.142494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.927489, "energy": 91.715363, "activity_lines": [ 47.657778, 49.917106, 52.989633, 54.027451 ] }, { "date": "2025-04-25", "close": 48.259037, "volume": 24071, "typical_volume": 37663.85, "trend": 54.492701, "fair_value": 43.764855, "relative_strength": -14.04513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.019032, "energy": 80.32426, "activity_lines": [ 47.486085, 49.225891, 52.36532, 53.618794 ] }, { "date": "2025-05-02", "close": 50.042004, "volume": 27767, "typical_volume": 38770.25, "trend": 54.433554, "fair_value": 43.844027, "relative_strength": -13.045908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.443003, "energy": 64.059652, "activity_lines": [ 48.172859, 49.038949, 51.954549, 53.331653 ] }, { "date": "2025-05-09", "close": 50.309448, "volume": 10161, "typical_volume": 38720.65, "trend": 54.350474, "fair_value": 43.928005, "relative_strength": -14.777922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.612103, "energy": 48.4466, "activity_lines": [ 49.054437, 49.048494, 51.604494, 53.065581 ] }, { "date": "2025-05-16", "close": 53.22163, "volume": 27085, "typical_volume": 39977.6, "trend": 54.333916, "fair_value": 44.042432, "relative_strength": -12.634488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.684187, "energy": 25.603085, "activity_lines": [ 50.69873, 49.699007, 51.563461, 52.992753 ] }, { "date": "2025-05-23", "close": 51.210842, "volume": 9875, "typical_volume": 40074.35, "trend": 54.249675, "fair_value": 44.13283, "relative_strength": -13.300359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.186479, "energy": 28.15891, "activity_lines": [ 51.214141, 49.968974, 51.349293, 52.791264 ] }, { "date": "2025-05-30", "close": 52.092415, "volume": 27438, "typical_volume": 41037.05, "trend": 54.227012, "fair_value": 44.230195, "relative_strength": -13.063515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.839137, "energy": 26.620443, "activity_lines": [ 51.708749, 50.405531, 51.248388, 52.652086 ] }, { "date": "2025-06-06", "close": 52.706551, "volume": 22268, "typical_volume": 41859.95, "trend": 54.128571, "fair_value": 44.330763, "relative_strength": -13.020162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.497064, "energy": 24.951398, "activity_lines": [ 52.15251, 50.95609, 51.228168, 52.553992 ] }, { "date": "2025-06-13", "close": 52.112228, "volume": 27174, "typical_volume": 41864.95, "trend": 54.011963, "fair_value": 44.447504, "relative_strength": -11.216516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.886914, "energy": 16.138384, "activity_lines": [ 52.220527, 51.37896, 51.177797, 52.423905 ] }, { "date": "2025-06-20", "close": 51.983456, "volume": 32812, "typical_volume": 42392.0, "trend": 53.840803, "fair_value": 44.553168, "relative_strength": -10.736807, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.769414, "energy": 14.629471, "activity_lines": [ 52.125434, 51.688908, 51.143647, 52.293034 ] }, { "date": "2025-06-27", "close": 52.865036, "volume": 4039, "typical_volume": 41549.0, "trend": 53.70297, "fair_value": 44.667697, "relative_strength": -10.150759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.041567, "energy": 12.374434, "activity_lines": [ 52.406747, 52.056577, 51.221805, 52.230081 ] }, { "date": "2025-07-04", "close": 53.122578, "volume": 2002, "typical_volume": 41335.9, "trend": 53.558941, "fair_value": 44.77038, "relative_strength": -9.255649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.583433, "energy": 14.218947, "activity_lines": [ 52.663627, 52.35518, 51.350575, 52.192636 ] }, { "date": "2025-07-11", "close": 53.954632, "volume": 3707, "typical_volume": 40387.25, "trend": 53.442646, "fair_value": 44.879927, "relative_strength": -8.719781, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.20581, "energy": 41.440506, "activity_lines": [ 53.129181, 52.716637, 51.582597, 52.218165 ] }, { "date": "2025-07-18", "close": 54.19236, "volume": 3139, "typical_volume": 39446.15, "trend": 53.350372, "fair_value": 44.98691, "relative_strength": -8.699929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.248713, "energy": 56.794569, "activity_lines": [ 53.590773, 53.050178, 51.857354, 52.266533 ] }, { "date": "2025-07-25", "close": 54.54805, "volume": 19656, "typical_volume": 37571.25, "trend": 53.266012, "fair_value": 45.088102, "relative_strength": -8.874797, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.272221, "energy": 65.009846, "activity_lines": [ 54.032252, 53.377792, 52.176693, 52.343803 ] }, { "date": "2025-08-01", "close": 54.229523, "volume": 12419, "typical_volume": 36171.15, "trend": 53.161508, "fair_value": 45.18494, "relative_strength": -7.449596, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.388353, "energy": 63.353463, "activity_lines": [ 54.196582, 53.623376, 52.455464, 52.405965 ] }, { "date": "2025-08-08", "close": 54.697361, "volume": 11768, "typical_volume": 34985.5, "trend": 53.092966, "fair_value": 45.281758, "relative_strength": -10.175896, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.990604, "energy": 63.494799, "activity_lines": [ 54.425893, 53.899135, 52.766069, 52.505052 ] }, { "date": "2025-08-15", "close": 55.60318, "volume": 22694, "typical_volume": 35192.65, "trend": 53.004358, "fair_value": 45.376496, "relative_strength": -10.645529, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.883466, "energy": 74.852466, "activity_lines": [ 54.852158, 54.292227, 53.15115, 52.667002 ] }, { "date": "2025-08-22", "close": 55.453865, "volume": 13194, "typical_volume": 34239.25, "trend": 52.916357, "fair_value": 45.476962, "relative_strength": -11.998142, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.707153, "energy": 76.837906, "activity_lines": [ 55.118748, 54.605504, 53.503076, 52.825034 ] }, { "date": "2025-08-29", "close": 55.433956, "volume": 1372, "typical_volume": 18941.4, "trend": 52.832936, "fair_value": 45.584263, "relative_strength": -9.527694, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.194956, "energy": 87.279519, "activity_lines": [ 55.294602, 54.854404, 53.81375, 52.98746 ] }, { "date": "2025-09-05", "close": 55.364281, "volume": 13404, "typical_volume": 15802.25, "trend": 52.733655, "fair_value": 45.68853, "relative_strength": -8.209746, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.016945, "energy": 85.032976, "activity_lines": [ 55.38817, 55.0279, 54.074496, 53.150773 ] }, { "date": "2025-09-12", "close": 56.469177, "volume": 1838, "typical_volume": 14690.6, "trend": 52.677147, "fair_value": 45.798739, "relative_strength": -8.270579, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.959221, "energy": 89.992056, "activity_lines": [ 55.774386, 55.356845, 54.398215, 53.391774 ] }, { "date": "2025-09-19", "close": 56.777752, "volume": 10016, "typical_volume": 13803.05, "trend": 52.630594, "fair_value": 45.927256, "relative_strength": -7.016531, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.639422, "energy": 87.015989, "activity_lines": [ 56.145339, 55.681048, 54.712227, 53.656329 ] }, { "date": "2025-09-26", "close": 56.91711, "volume": 5150, "typical_volume": 13552.5, "trend": 52.646469, "fair_value": 46.059931, "relative_strength": -7.343181, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.984695, "energy": 84.228174, "activity_lines": [ 56.48444, 55.979258, 55.007436, 53.932879 ] }, { "date": "2025-10-03", "close": 57.723385, "volume": 8002, "typical_volume": 12598.35, "trend": 52.823932, "fair_value": 46.197251, "relative_strength": -7.102057, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.151761, "energy": 89.301453, "activity_lines": [ 56.99475, 56.374524, 55.347968, 54.260422 ] }, { "date": "2025-10-10", "close": 57.464581, "volume": 5067, "typical_volume": 12357.95, "trend": 53.020834, "fair_value": 46.334206, "relative_strength": -4.63714, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.154098, "energy": 80.534579, "activity_lines": [ 57.266164, 56.665, 55.642415, 54.559818 ] }, { "date": "2025-10-17", "close": 56.986786, "volume": 18097, "typical_volume": 11890.9, "trend": 53.179687, "fair_value": 46.466096, "relative_strength": -4.566809, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.981513, "energy": 65.600726, "activity_lines": [ 57.238292, 56.809786, 55.861578, 54.815686 ] }, { "date": "2025-10-24", "close": 58.25095, "volume": 1923, "typical_volume": 10873.65, "trend": 53.40049, "fair_value": 46.598418, "relative_strength": -3.898379, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.112777, "energy": 70.40883, "activity_lines": [ 57.597301, 57.142794, 56.177831, 55.142864 ] }, { "date": "2025-10-31", "close": 59.634556, "volume": 9356, "typical_volume": 9982.75, "trend": 53.815333, "fair_value": 46.746541, "relative_strength": -2.999602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.691952, "energy": 75.236216, "activity_lines": [ 58.319299, 57.679225, 56.599454, 55.545062 ] }, { "date": "2025-11-07", "close": 57.74329, "volume": 10345, "typical_volume": 8859.4, "trend": 54.195365, "fair_value": 46.87872, "relative_strength": -5.128472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.189525, "energy": 64.24302, "activity_lines": [ 58.229712, 57.795777, 56.805136, 55.798479 ] }, { "date": "2025-11-14", "close": 58.559525, "volume": 13879, "typical_volume": 9351.4, "trend": 54.597651, "fair_value": 47.016317, "relative_strength": -5.76526, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.131959, "energy": 63.341576, "activity_lines": [ 58.410876, 58.018748, 57.061127, 56.080038 ] }, { "date": "2025-11-21", "close": 58.420166, "volume": 5442, "typical_volume": 9523.4, "trend": 54.936356, "fair_value": 47.149785, "relative_strength": -2.606695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.442954, "energy": 57.447757, "activity_lines": [ 58.472591, 58.158285, 57.276729, 56.326651 ] }, { "date": "2025-11-28", "close": 59.146809, "volume": 718, "typical_volume": 9373.95, "trend": 55.239849, "fair_value": 47.288743, "relative_strength": -2.520402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.616147, "energy": 55.503305, "activity_lines": [ 58.680961, 58.394467, 57.536309, 56.598294 ] }, { "date": "2025-12-05", "close": 59.475292, "volume": 9309, "typical_volume": 9682.45, "trend": 55.545377, "fair_value": 47.435814, "relative_strength": -1.767601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.182105, "energy": 58.820496, "activity_lines": [ 58.939102, 58.647299, 57.802448, 56.871548 ] }, { "date": "2025-12-12", "close": 58.549568, "volume": 18607, "typical_volume": 9630.0, "trend": 55.722975, "fair_value": 47.585424, "relative_strength": -3.074202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.304281, "energy": 51.291274, "activity_lines": [ 58.899286, 58.685305, 57.955266, 57.065367 ] }, { "date": "2025-12-19", "close": 58.728741, "volume": 8573, "typical_volume": 9437.7, "trend": 55.973572, "fair_value": 47.737538, "relative_strength": -4.986488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.325528, "energy": 48.516877, "activity_lines": [ 58.865442, 58.740866, 58.106093, 57.259287 ] }, { "date": "2025-12-26", "close": 58.987545, "volume": 1556, "typical_volume": 8927.1, "trend": 56.20341, "fair_value": 47.893283, "relative_strength": -3.777783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.620532, "energy": 45.595207, "activity_lines": [ 58.906586, 58.820499, 58.260143, 57.453737 ] }, { "date": "2026-01-02", "close": 58.718788, "volume": 2353, "typical_volume": 7910.05, "trend": 56.403818, "fair_value": 48.042406, "relative_strength": -5.322921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.09269, "energy": 38.455154, "activity_lines": [ 58.820318, 58.814888, 58.368168, 57.616019 ] }, { "date": "2026-01-09", "close": 60.261662, "volume": 4631, "typical_volume": 7481.9, "trend": 56.675465, "fair_value": 48.199664, "relative_strength": -3.160671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.171926, "energy": 51.451324, "activity_lines": [ 59.276876, 59.081295, 58.608297, 57.864913 ] }, { "date": "2026-01-16", "close": 60.401016, "volume": 1073, "typical_volume": 7466.95, "trend": 56.956051, "fair_value": 48.360279, "relative_strength": -2.713055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.574895, "energy": 66.440197, "activity_lines": [ 59.727462, 59.361636, 58.838804, 58.105271 ] }, { "date": "2026-01-23", "close": 59.325981, "volume": 8476, "typical_volume": 7220.55, "trend": 57.171416, "fair_value": 48.507123, "relative_strength": -1.990041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.460222, "energy": 51.998701, "activity_lines": [ 59.696272, 59.398194, 58.943274, 58.258169 ] }, { "date": "2026-01-30", "close": 58.818329, "volume": 7401, "typical_volume": 7498.7, "trend": 57.361274, "fair_value": 48.643762, "relative_strength": -3.906172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.835409, "energy": 45.730166, "activity_lines": [ 59.456049, 59.328516, 58.98053, 58.364422 ] }, { "date": "2026-02-06", "close": 58.810001, "volume": 5151, "typical_volume": 7255.45, "trend": 57.52312, "fair_value": 48.782302, "relative_strength": -4.252133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.10598, "energy": 30.593328, "activity_lines": [ 59.224331, 59.250085, 59.005807, 58.457888 ] }, { "date": "2026-02-13", "close": 58.259998, "volume": 15977, "typical_volume": 7796.8, "trend": 57.658707, "fair_value": 48.914649, "relative_strength": -3.872403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.048851, "energy": 19.414841, "activity_lines": [ 58.803197, 59.077777, 58.969026, 58.505429 ] }, { "date": "2026-02-20", "close": 58.880001, "volume": 7789, "typical_volume": 7786.15, "trend": 57.803106, "fair_value": 49.057703, "relative_strength": -4.688104, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.079841, "energy": 21.733897, "activity_lines": [ 58.722176, 59.040293, 58.984898, 58.584222 ] }, { "date": "2026-02-27", "close": 58.630001, "volume": 1793, "typical_volume": 7622.45, "trend": 57.949788, "fair_value": 49.196796, "relative_strength": -6.27852, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.148266, "energy": 15.853183, "activity_lines": [ 58.659222, 58.951347, 58.971452, 58.63757 ] }, { "date": "2026-03-06", "close": 59.439999, "volume": 27367, "typical_volume": 8085.95, "trend": 58.107876, "fair_value": 49.34769, "relative_strength": 1.61412, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.675817, "energy": 15.447086, "activity_lines": [ 58.912667, 59.011468, 59.0296, 58.733713 ] }, { "date": "2026-03-13", "close": 58.66, "volume": 8694, "typical_volume": 8424.5, "trend": 58.20977, "fair_value": 49.493833, "relative_strength": -0.077962, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.351484, "energy": 8.672202, "activity_lines": [ 58.864667, 58.921545, 59.001779, 58.769333 ] }, { "date": "2026-03-20", "close": 57.259998, "volume": 2738, "typical_volume": 8093.6, "trend": 58.269975, "fair_value": 49.631963, "relative_strength": 0.899467, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.697131, "energy": 16.049316, "activity_lines": [ 58.359999, 58.578144, 58.838678, 58.708058 ] }, { "date": "2026-03-27", "close": 56.18, "volume": 25537, "typical_volume": 8853.2, "trend": 58.294843, "fair_value": 49.757057, "relative_strength": -2.178032, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.98786, "energy": 54.242866, "activity_lines": [ 57.561999, 58.092957, 58.584027, 58.573221 ] }, { "date": "2026-04-03", "close": 57.490002, "volume": 10031, "typical_volume": 8660.8, "trend": 58.3657, "fair_value": 49.891635, "relative_strength": -4.683797, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.765305, "energy": 54.968037, "activity_lines": [ 57.380667, 57.922697, 58.461582, 58.521295 ] }, { "date": "2026-04-10", "close": 58.849998, "volume": 2050, "typical_volume": 8491.2, "trend": 58.445061, "fair_value": 50.033814, "relative_strength": -6.323634, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.13301, "energy": 43.745779, "activity_lines": [ 57.728666, 58.033091, 58.473754, 58.55254 ] }, { "date": "2026-04-17", "close": 61.009998, "volume": 7992, "typical_volume": 8854.9, "trend": 58.586136, "fair_value": 50.189126, "relative_strength": -5.329029, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.739201, "energy": 12.861168, "activity_lines": [ 58.835999, 58.535636, 58.689593, 58.71802 ] }, { "date": "2026-04-24", "close": 61.630001, "volume": 8997, "typical_volume": 8839.3, "trend": 58.743232, "fair_value": 50.348815, "relative_strength": -1.934327, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.310305, "energy": 55.565944, "activity_lines": [ 59.993333, 59.110909, 58.955608, 58.914399 ] }, { "date": "2026-05-01", "close": 61.459999, "volume": 17552, "typical_volume": 8786.55, "trend": 58.867786, "fair_value": 50.508438, "relative_strength": -3.356043, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.671763, "energy": 78.729795, "activity_lines": [ 60.802666, 59.593999, 59.195172, 59.089674 ] }, { "date": "2026-05-08", "close": 63.439999, "volume": 4165, "typical_volume": 8566.15, "trend": 59.066967, "fair_value": 50.677434, "relative_strength": -2.368617, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.758952, "energy": 94.679786, "activity_lines": [ 61.919999, 60.390181, 59.609447, 59.384655 ] }, { "date": "2026-05-15", "close": 64.639999, "volume": 775, "typical_volume": 8527.1, "trend": 59.322074, "fair_value": 50.848785, "relative_strength": -0.179642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.348227, "energy": 97.250225, "activity_lines": [ 63.040666, 61.31709, 60.115574, 59.744206 ] }, { "date": "2026-05-22", "close": 65.309998, "volume": 13677, "typical_volume": 9093.3, "trend": 59.557375, "fair_value": 51.021949, "relative_strength": 0.018573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.692818, "energy": 96.398901, "activity_lines": [ 63.998665, 62.271272, 60.658594, 60.130524 ] }, { "date": "2026-05-29", "close": 65.650002, "volume": 1281, "typical_volume": 8925.8, "trend": 59.75789, "fair_value": 51.192607, "relative_strength": -0.535816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.381963, "energy": 94.662687, "activity_lines": [ 64.783333, 63.166363, 61.202609, 60.523596 ] }, { "date": "2026-06-05", "close": 65.660004, "volume": 67, "typical_volume": 8875.5, "trend": 60.021781, "fair_value": 51.364012, "relative_strength": -0.25956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.209285, "energy": 91.795532, "activity_lines": [ 65.303335, 63.910728, 61.721917, 60.904378 ] }, { "date": "2026-06-12", "close": 65.110001, "volume": 5793, "typical_volume": 8741.35, "trend": 60.24013, "fair_value": 51.527175, "relative_strength": -4.096012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.449547, "energy": 87.764834, "activity_lines": [ 65.360001, 64.382728, 62.163802, 61.23265 ] }, { "date": "2026-06-19", "close": 65.970001, "volume": 0, "typical_volume": 8371.3, "trend": 60.491791, "fair_value": 51.699171, "relative_strength": -5.20895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.7505, "energy": 88.479906, "activity_lines": [ 65.592002, 64.872546, 62.660048, 61.602319 ] }, { "date": "2026-06-26", "close": 65.459999, "volume": 1291, "typical_volume": 8178.3, "trend": 60.702231, "fair_value": 51.863088, "relative_strength": -2.959977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.652851, "energy": 70.046305, "activity_lines": [ 65.565334, 65.140182, 63.073667, 61.922849 ] }, { "date": "2026-07-03", "close": 66.389999, "volume": 7, "typical_volume": 7379.8, "trend": 60.932721, "fair_value": 52.035388, "relative_strength": -4.35978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.793333, "energy": 70.609978, "activity_lines": [ 65.838667, 65.496, 63.544191, 62.289802 ] }, { "date": "2026-07-10", "close": 66.940002, "volume": 7181, "typical_volume": 7349.4, "trend": 61.212402, "fair_value": 52.211864, "relative_strength": -3.086849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.077467, "energy": 72.261764, "activity_lines": [ 66.246, 65.865273, 64.028381, 62.677368 ] }, { "date": "2026-07-17", "close": 66.199997, "volume": 23703, "typical_volume": 8444.9, "trend": 61.461444, "fair_value": 52.379004, "relative_strength": -2.708561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.141185, "energy": 66.064283, "activity_lines": [ 66.321333, 66.000364, 64.403714, 62.999148 ] }, { "date": "2026-07-24", "close": 66.260002, "volume": 2848, "typical_volume": 7218.95, "trend": 61.703859, "fair_value": 52.541282, "relative_strength": -2.38369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.942732, "energy": 65.655089, "activity_lines": [ 66.344, 66.096182, 64.748714, 63.308733 ] }, { "date": "2026-07-31", "close": 65.379997, "volume": 4277, "typical_volume": 6998.1, "trend": 61.925899, "fair_value": 52.702477, "relative_strength": -4.218122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.695995, "energy": 60.998499, "activity_lines": [ 66.053999, 66.002545, 64.977428, 63.545903 ] }, { "date": "2026-08-07", "close": 67.709999, "volume": 18772, "typical_volume": 7799.8, "trend": 62.174177, "fair_value": 52.880762, "relative_strength": -3.579909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.665675, "energy": 67.817922, "activity_lines": [ 66.545999, 66.331272, 65.396047, 63.919071 ] } ], "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." } } }