{ "ticker": { "uuid": "ef65320c-7965-422c-9da2-e2de14fe098f", "symbol": "TFLO", "name": "ISHARES TRUST TREAS FLTG RATE BD ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.974, "architecture_energy": 90.334, "architecture_maturity": 100.0, "architecture_confidence": 74.351, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 23.63, "rotation_up": 72.41, "upward_expansion": 93.12, "deceleration": 46.21, "rotation_down": 18.55, "downward_expansion": 19.78 }, "activity_lines": [ 50.4942, 50.459951, 50.396751, 50.328574 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 50.55, "trend_reference": 50.217992, "distance_from_trend": 0.006611, "trend_direction": "Improving", "fair_value": 47.793729, "distance_from_fair_value": 0.05767, "fair_value_direction": "Weakening", "relative_strength": -9.736058, "relative_strength_direction": "Improving", "price_momentum": 0.01245, "excess_performance": -0.113175, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006611, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005645, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.05767, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004879, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.097361, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000944, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.01245, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 11.423633, "read": "Demand-led" } ], "volume": { "latest": 8488987, "relative_activity": 1.105924, "balance": 11.423633, "dry_up": 0.96041, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.001043, "annualized_volatility": 0.005984, "from_high_reference": 0.0, "from_low_reference": 0.032586 }, "levels": { "trend_reference": 50.217992, "fair_value_reference": 47.793729, "structural_low": 49.918502, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 58, "median_return": 0.003398, "positive_rate": 0.948276, "directional_follow_through": 0.948276, "median_excess_return": -0.013018, "regime_survival": 1.0, "best_return": 0.004584, "worst_return": -0.000419, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 18, "median_return": 0.01104, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.025146, "regime_survival": 1.0, "best_return": 0.014005, "worst_return": 0.002501, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.021181, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.070155, "regime_survival": 1.0, "best_return": 0.026431, "worst_return": 0.005445, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.04675, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.141772, "regime_survival": 1.0, "best_return": 0.052669, "worst_return": 0.023851, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-07-09", "end": "2021-12-31", "tenure": "Established", "return": -0.000199, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-01-07", "end": "2022-01-21", "tenure": "New", "return": 0.000298, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-01-28", "end": "2022-02-04", "tenure": "New", "return": 9.9e-05, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-02-11", "end": "2026-08-07", "tenure": "Extended", "return": 0.195576, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 44.455886, "volume": 10615607, "typical_volume": 11324167.05, "trend": 43.805616, "fair_value": 42.651674, "relative_strength": -5.563859, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.316623, "energy": 91.819811, "activity_lines": [ 44.396336, 44.317533, 44.164018, 44.015169 ] }, { "date": "2023-08-25", "close": 44.490988, "volume": 7096090, "typical_volume": 11419026.85, "trend": 43.848609, "fair_value": 42.665987, "relative_strength": -6.141728, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.952346, "energy": 81.374398, "activity_lines": [ 44.437983, 44.361961, 44.208996, 44.059386 ] }, { "date": "2023-09-01", "close": 44.537138, "volume": 10076576, "typical_volume": 11467326.45, "trend": 43.891346, "fair_value": 42.680687, "relative_strength": -8.190392, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.072239, "energy": 85.994998, "activity_lines": [ 44.48063, 44.40664, 44.254008, 44.103807 ] }, { "date": "2023-09-08", "close": 44.581208, "volume": 4703895, "typical_volume": 11433690.3, "trend": 43.934409, "fair_value": 42.695615, "relative_strength": -6.823115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.696607, "energy": 87.24596, "activity_lines": [ 44.523422, 44.450828, 44.298881, 44.148315 ] }, { "date": "2023-09-15", "close": 44.625278, "volume": 7517939, "typical_volume": 11522722.95, "trend": 43.977512, "fair_value": 42.710934, "relative_strength": -6.417831, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.858067, "energy": 89.0572, "activity_lines": [ 44.5667, 44.494831, 44.343654, 44.192887 ] }, { "date": "2023-09-22", "close": 44.660534, "volume": 7328353, "typical_volume": 11532121.0, "trend": 44.020931, "fair_value": 42.726397, "relative_strength": -3.28443, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.473793, "energy": 82.711427, "activity_lines": [ 44.607511, 44.536972, 44.387522, 44.236953 ] }, { "date": "2023-09-29", "close": 44.722232, "volume": 10524708, "typical_volume": 11688741.75, "trend": 44.064738, "fair_value": 42.742235, "relative_strength": -2.191709, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.375555, "energy": 80.240485, "activity_lines": [ 44.655246, 44.582371, 44.433048, 44.282198 ] }, { "date": "2023-10-06", "close": 44.769391, "volume": 11834674, "typical_volume": 12004302.8, "trend": 44.108683, "fair_value": 42.758374, "relative_strength": -2.288969, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.048977, "energy": 77.91078, "activity_lines": [ 44.703283, 44.628217, 44.47876, 44.327659 ] }, { "date": "2023-10-13", "close": 44.804795, "volume": 8304584, "typical_volume": 12159021.1, "trend": 44.153233, "fair_value": 42.774718, "relative_strength": -2.348029, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.409232, "energy": 77.337665, "activity_lines": [ 44.747639, 44.67231, 44.523478, 44.37257 ] }, { "date": "2023-10-20", "close": 44.857903, "volume": 11685345, "typical_volume": 12431812.45, "trend": 44.198694, "fair_value": 42.791479, "relative_strength": 0.333061, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.63526, "energy": 81.923514, "activity_lines": [ 44.794791, 44.718121, 44.568926, 44.418033 ] }, { "date": "2023-10-27", "close": 44.91101, "volume": 9527548, "typical_volume": 12522850.25, "trend": 44.24449, "fair_value": 42.808553, "relative_strength": 3.065652, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.152887, "energy": 78.422388, "activity_lines": [ 44.844137, 44.76548, 44.615098, 44.463988 ] }, { "date": "2023-11-03", "close": 44.943608, "volume": 13257095, "typical_volume": 12918544.35, "trend": 44.290114, "fair_value": 42.825874, "relative_strength": -2.341554, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.087587, "energy": 82.727367, "activity_lines": [ 44.887651, 44.810491, 44.660075, 44.509093 ] }, { "date": "2023-11-10", "close": 44.979172, "volume": 10371359, "typical_volume": 13242341.75, "trend": 44.335195, "fair_value": 42.843424, "relative_strength": -3.453461, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.650413, "energy": 76.721529, "activity_lines": [ 44.928262, 44.853738, 44.704153, 44.553548 ] }, { "date": "2023-11-17", "close": 45.023626, "volume": 10406468, "typical_volume": 13444087.15, "trend": 44.380031, "fair_value": 42.861231, "relative_strength": -5.367165, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.30827, "energy": 76.950402, "activity_lines": [ 44.969704, 44.897032, 44.748132, 44.597963 ] }, { "date": "2023-11-24", "close": 45.076972, "volume": 6552900, "typical_volume": 13558876.3, "trend": 44.424918, "fair_value": 42.87938, "relative_strength": -6.034957, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.051989, "energy": 77.558669, "activity_lines": [ 45.01434, 44.94198, 44.792938, 44.642927 ] }, { "date": "2023-12-01", "close": 45.115754, "volume": 11157380, "typical_volume": 13748983.2, "trend": 44.469621, "fair_value": 42.897737, "relative_strength": -6.581007, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.144496, "energy": 77.24048, "activity_lines": [ 45.057299, 44.985767, 44.83712, 44.687497 ] }, { "date": "2023-12-08", "close": 45.151475, "volume": 9427184, "typical_volume": 9925370.65, "trend": 44.51407, "fair_value": 42.9164, "relative_strength": -6.511337, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.015365, "energy": 76.846105, "activity_lines": [ 45.098515, 45.027773, 44.880452, 44.731488 ] }, { "date": "2023-12-15", "close": 45.197516, "volume": 12699098, "typical_volume": 9885535.45, "trend": 44.558898, "fair_value": 42.935345, "relative_strength": -8.313606, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.603714, "energy": 77.050606, "activity_lines": [ 45.141221, 45.070345, 44.923996, 44.775581 ] }, { "date": "2023-12-22", "close": 45.242372, "volume": 10750878, "typical_volume": 9709023.75, "trend": 44.603775, "fair_value": 42.954576, "relative_strength": -8.749661, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.988544, "energy": 77.184436, "activity_lines": [ 45.184322, 45.113288, 44.967629, 44.819676 ] }, { "date": "2023-12-29", "close": 45.278258, "volume": 6527184, "typical_volume": 9518243.25, "trend": 44.648134, "fair_value": 42.974038, "relative_strength": -8.675877, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.423648, "energy": 80.709553, "activity_lines": [ 45.224802, 45.1548, 45.010516, 44.863191 ] }, { "date": "2024-01-05", "close": 45.323114, "volume": 6438552, "typical_volume": 9309390.5, "trend": 44.691956, "fair_value": 42.993815, "relative_strength": -6.869899, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.44616, "energy": 86.21636, "activity_lines": [ 45.266815, 45.196825, 45.05355, 44.906738 ] }, { "date": "2024-01-12", "close": 45.376942, "volume": 6935809, "typical_volume": 9301376.45, "trend": 44.736411, "fair_value": 43.013882, "relative_strength": -8.222941, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.680617, "energy": 85.567756, "activity_lines": [ 45.312947, 45.241144, 45.097581, 44.950931 ] }, { "date": "2024-01-19", "close": 45.412828, "volume": 5721444, "typical_volume": 9083619.85, "trend": 44.781192, "fair_value": 43.034153, "relative_strength": -8.965316, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.355779, "energy": 88.808821, "activity_lines": [ 45.356009, 45.284109, 45.14081, 44.994571 ] }, { "date": "2024-01-26", "close": 45.457684, "volume": 29941162, "typical_volume": 10345483.2, "trend": 44.825435, "fair_value": 43.054711, "relative_strength": -9.556535, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.786903, "energy": 84.69447, "activity_lines": [ 45.39967, 45.327346, 45.184142, 45.038215 ] }, { "date": "2024-02-02", "close": 45.515229, "volume": 11385133, "typical_volume": 10538842.9, "trend": 44.870267, "fair_value": 43.075578, "relative_strength": -10.472361, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.407705, "energy": 78.10227, "activity_lines": [ 45.448158, 45.373152, 45.228781, 45.082718 ] }, { "date": "2024-02-09", "close": 45.569317, "volume": 19103193, "typical_volume": 11127584.9, "trend": 44.915153, "fair_value": 43.096847, "relative_strength": -11.312492, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.63638, "energy": 81.381078, "activity_lines": [ 45.498877, 45.420825, 45.274333, 45.127818 ] }, { "date": "2024-02-16", "close": 45.641434, "volume": 9568316, "typical_volume": 11079765.3, "trend": 44.960693, "fair_value": 43.118589, "relative_strength": -10.59226, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.27682, "energy": 81.253832, "activity_lines": [ 45.557221, 45.473363, 45.322426, 45.174675 ] }, { "date": "2024-02-23", "close": 45.668479, "volume": 6242592, "typical_volume": 10800161.2, "trend": 45.005676, "fair_value": 43.140466, "relative_strength": -11.657091, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.077473, "energy": 87.262806, "activity_lines": [ 45.606948, 45.52191, 45.368717, 45.220338 ] }, { "date": "2024-03-01", "close": 45.72086, "volume": 9144122, "typical_volume": 10842138.1, "trend": 45.050767, "fair_value": 43.162679, "relative_strength": -12.087718, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.431341, "energy": 88.290696, "activity_lines": [ 45.657092, 45.571419, 45.415716, 45.266479 ] }, { "date": "2024-03-08", "close": 45.775182, "volume": 7924197, "typical_volume": 10654080.7, "trend": 45.096206, "fair_value": 43.185267, "relative_strength": -11.37101, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.762986, "energy": 87.275318, "activity_lines": [ 45.707798, 45.622104, 45.463526, 45.313216 ] }, { "date": "2024-03-15", "close": 45.811397, "volume": 56883030, "typical_volume": 13021854.8, "trend": 45.14139, "fair_value": 43.20806, "relative_strength": -10.85643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.098299, "energy": 87.729415, "activity_lines": [ 45.753246, 45.670338, 45.510417, 45.359357 ] }, { "date": "2024-03-22", "close": 45.856665, "volume": 23404725, "typical_volume": 13529236.3, "trend": 45.186912, "fair_value": 43.23117, "relative_strength": -12.323141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.107868, "energy": 77.232292, "activity_lines": [ 45.797644, 45.717925, 45.557331, 45.405504 ] }, { "date": "2024-03-29", "close": 45.892879, "volume": 8238746, "typical_volume": 13422605.65, "trend": 45.232104, "fair_value": 43.254432, "relative_strength": -12.226842, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.536483, "energy": 76.680497, "activity_lines": [ 45.839765, 45.763375, 45.603347, 45.45105 ] }, { "date": "2024-04-05", "close": 45.957345, "volume": 9757902, "typical_volume": 13390177.35, "trend": 45.277975, "fair_value": 43.278133, "relative_strength": -10.984724, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.375158, "energy": 77.670426, "activity_lines": [ 45.888414, 45.811817, 45.651151, 45.49784 ] }, { "date": "2024-04-12", "close": 46.011959, "volume": 8182786, "typical_volume": 13471671.65, "trend": 45.324198, "fair_value": 43.302266, "relative_strength": -9.254396, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.963518, "energy": 77.877366, "activity_lines": [ 45.939503, 45.861104, 45.699711, 45.545194 ] }, { "date": "2024-04-19", "close": 46.05747, "volume": 9603737, "typical_volume": 13393989.5, "trend": 45.370762, "fair_value": 43.326636, "relative_strength": -6.022476, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.929798, "energy": 77.515504, "activity_lines": [ 45.989976, 45.909635, 45.748152, 45.592502 ] }, { "date": "2024-04-26", "close": 46.121186, "volume": 9828904, "typical_volume": 13414075.5, "trend": 45.417394, "fair_value": 43.351442, "relative_strength": -8.033416, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.05025, "energy": 77.908298, "activity_lines": [ 46.045284, 45.960875, 45.798178, 45.640916 ] }, { "date": "2024-05-03", "close": 46.16183, "volume": 11934537, "typical_volume": 13375847.45, "trend": 45.463809, "fair_value": 43.376509, "relative_strength": -8.187445, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.164728, "energy": 77.350413, "activity_lines": [ 46.096504, 46.010782, 45.847456, 45.688944 ] }, { "date": "2024-05-10", "close": 46.207534, "volume": 10125677, "typical_volume": 13344587.4, "trend": 45.510567, "fair_value": 43.401868, "relative_strength": -9.439969, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.896644, "energy": 82.427105, "activity_lines": [ 46.14503, 46.060028, 45.896495, 45.736926 ] }, { "date": "2024-05-17", "close": 46.26238, "volume": 6639324, "typical_volume": 13350194.4, "trend": 45.557383, "fair_value": 43.427579, "relative_strength": -10.474724, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.130796, "energy": 91.046368, "activity_lines": [ 46.195158, 46.110398, 45.946162, 45.785431 ] }, { "date": "2024-05-24", "close": 46.308085, "volume": 6685763, "typical_volume": 13362554.95, "trend": 45.603952, "fair_value": 43.453637, "relative_strength": -10.055563, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.228057, "energy": 86.988873, "activity_lines": [ 46.243826, 46.16022, 45.995495, 45.833863 ] }, { "date": "2024-05-31", "close": 46.344649, "volume": 6174146, "typical_volume": 13324471.8, "trend": 45.650653, "fair_value": 43.479902, "relative_strength": -9.338667, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.698542, "energy": 85.001403, "activity_lines": [ 46.287975, 46.207659, 46.043621, 45.88165 ] }, { "date": "2024-06-07", "close": 46.400151, "volume": 10516739, "typical_volume": 13564236.55, "trend": 45.698019, "fair_value": 43.50655, "relative_strength": -10.055918, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.357972, "energy": 77.316922, "activity_lines": [ 46.335727, 46.256317, 46.092424, 45.930005 ] }, { "date": "2024-06-14", "close": 46.436882, "volume": 7123515, "typical_volume": 12423354.2, "trend": 45.745128, "fair_value": 43.533433, "relative_strength": -11.160608, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.58364, "energy": 76.693401, "activity_lines": [ 46.379834, 46.302431, 46.140023, 45.977673 ] }, { "date": "2024-06-21", "close": 46.491978, "volume": 11827245, "typical_volume": 12445459.8, "trend": 45.792294, "fair_value": 43.56067, "relative_strength": -11.309494, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.276487, "energy": 77.28514, "activity_lines": [ 46.427017, 46.349843, 46.188207, 46.025857 ] }, { "date": "2024-06-28", "close": 46.519526, "volume": 8869160, "typical_volume": 11933758.15, "trend": 45.839087, "fair_value": 43.588056, "relative_strength": -10.934329, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.341017, "energy": 76.25761, "activity_lines": [ 46.468076, 46.393536, 46.234364, 46.072775 ] }, { "date": "2024-07-05", "close": 46.573292, "volume": 6887519, "typical_volume": 11799718.3, "trend": 45.886481, "fair_value": 43.615814, "relative_strength": -12.186969, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.658292, "energy": 77.068839, "activity_lines": [ 46.512961, 46.438603, 46.281116, 46.120143 ] }, { "date": "2024-07-12", "close": 46.619404, "volume": 6800980, "typical_volume": 11827637.7, "trend": 45.933877, "fair_value": 43.643786, "relative_strength": -12.648816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.047251, "energy": 79.646966, "activity_lines": [ 46.557974, 46.483835, 46.327822, 46.167429 ] }, { "date": "2024-07-19", "close": 46.665516, "volume": 6295884, "typical_volume": 11685225.8, "trend": 45.981315, "fair_value": 43.672082, "relative_strength": -10.552536, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.275787, "energy": 83.347878, "activity_lines": [ 46.60374, 46.529131, 46.374392, 46.214631 ] }, { "date": "2024-07-26", "close": 46.711629, "volume": 7395642, "typical_volume": 11658798.05, "trend": 46.029094, "fair_value": 43.700726, "relative_strength": -9.485788, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.476266, "energy": 86.670417, "activity_lines": [ 46.649635, 46.574484, 46.420855, 46.261748 ] }, { "date": "2024-08-02", "close": 46.708902, "volume": 10203743, "typical_volume": 9324833.7, "trend": 46.075287, "fair_value": 43.729353, "relative_strength": -7.285701, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.093515, "energy": 80.227813, "activity_lines": [ 46.679978, 46.611173, 46.4626, 46.305607 ] }, { "date": "2024-08-09", "close": 46.77375, "volume": 12124387, "typical_volume": 8760816.8, "trend": 46.121847, "fair_value": 43.758396, "relative_strength": -6.920818, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.82251, "energy": 76.773556, "activity_lines": [ 46.719312, 46.652365, 46.506246, 46.350669 ] }, { "date": "2024-08-16", "close": 46.829334, "volume": 7490431, "typical_volume": 8723401.05, "trend": 46.169064, "fair_value": 43.787814, "relative_strength": -10.049633, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.036783, "energy": 77.545491, "activity_lines": [ 46.76381, 46.695862, 46.550819, 46.396313 ] }, { "date": "2024-08-23", "close": 46.875654, "volume": 7274051, "typical_volume": 8599208.5, "trend": 46.21633, "fair_value": 43.81751, "relative_strength": -10.86362, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.261096, "energy": 77.62474, "activity_lines": [ 46.809753, 46.739977, 46.595344, 46.4419 ] }, { "date": "2024-08-30", "close": 46.903446, "volume": 6105032, "typical_volume": 8495320.8, "trend": 46.262604, "fair_value": 43.847384, "relative_strength": -10.746153, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.478732, "energy": 76.655261, "activity_lines": [ 46.85095, 46.781167, 46.638143, 46.48623 ] }, { "date": "2024-09-06", "close": 46.952961, "volume": 9353055, "typical_volume": 8482786.7, "trend": 46.308725, "fair_value": 43.877576, "relative_strength": -6.514811, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.708366, "energy": 80.055171, "activity_lines": [ 46.895865, 46.823879, 46.681413, 46.530769 ] }, { "date": "2024-09-13", "close": 46.999486, "volume": 7032435, "typical_volume": 8342963.25, "trend": 46.353994, "fair_value": 43.908066, "relative_strength": -9.689287, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.222793, "energy": 84.584108, "activity_lines": [ 46.940017, 46.86717, 46.724849, 46.575334 ] }, { "date": "2024-09-20", "close": 47.036706, "volume": 8650955, "typical_volume": 8178784.15, "trend": 46.399601, "fair_value": 43.938848, "relative_strength": -10.468923, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.412985, "energy": 82.279668, "activity_lines": [ 46.981527, 46.909479, 46.767648, 46.61938 ] }, { "date": "2024-09-27", "close": 47.073926, "volume": 8113909, "typical_volume": 8078195.75, "trend": 46.444703, "fair_value": 43.969869, "relative_strength": -10.462232, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.50954, "energy": 76.665408, "activity_lines": [ 47.021619, 46.950967, 46.809825, 46.662885 ] }, { "date": "2024-10-04", "close": 47.121811, "volume": 12911957, "typical_volume": 8391827.4, "trend": 46.489591, "fair_value": 44.001223, "relative_strength": -10.167955, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.840582, "energy": 77.13163, "activity_lines": [ 47.064454, 46.993737, 46.852438, 46.706569 ] }, { "date": "2024-10-11", "close": 47.168522, "volume": 7167231, "typical_volume": 8415900.8, "trend": 46.534829, "fair_value": 44.032851, "relative_strength": -10.655105, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.455752, "energy": 77.346671, "activity_lines": [ 47.108302, 47.037541, 46.895406, 46.750371 ] }, { "date": "2024-10-18", "close": 47.205891, "volume": 8146412, "typical_volume": 8514514.1, "trend": 46.579803, "fair_value": 44.064718, "relative_strength": -10.838686, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.420141, "energy": 76.983992, "activity_lines": [ 47.150236, 47.079783, 46.937836, 46.793666 ] }, { "date": "2024-10-25", "close": 47.261944, "volume": 5466817, "typical_volume": 8262018.0, "trend": 46.625438, "fair_value": 44.096922, "relative_strength": -9.314556, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.362061, "energy": 79.934135, "activity_lines": [ 47.197093, 47.124359, 46.981503, 46.837675 ] }, { "date": "2024-11-01", "close": 47.296064, "volume": 8321429, "typical_volume": 8321913.7, "trend": 46.670062, "fair_value": 44.129367, "relative_strength": -7.543704, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.304752, "energy": 76.944346, "activity_lines": [ 47.240308, 47.167274, 47.024316, 46.880941 ] }, { "date": "2024-11-08", "close": 47.352335, "volume": 12010355, "typical_volume": 8331069.2, "trend": 46.714741, "fair_value": 44.162172, "relative_strength": -11.171459, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.401972, "energy": 81.878948, "activity_lines": [ 47.287471, 47.212776, 47.068397, 46.924958 ] }, { "date": "2024-11-15", "close": 47.399228, "volume": 8545539, "typical_volume": 8314888.15, "trend": 46.759467, "fair_value": 44.195279, "relative_strength": -8.795353, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.459527, "energy": 88.849722, "activity_lines": [ 47.334897, 47.258642, 47.112847, 46.969119 ] }, { "date": "2024-11-22", "close": 47.455499, "volume": 8907432, "typical_volume": 8415883.8, "trend": 46.803944, "fair_value": 44.228745, "relative_strength": -9.779652, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.094427, "energy": 84.141931, "activity_lines": [ 47.385699, 47.306625, 47.158467, 47.014024 ] }, { "date": "2024-11-29", "close": 47.483635, "volume": 5250543, "typical_volume": 8338361.95, "trend": 46.848004, "fair_value": 44.262393, "relative_strength": -10.375051, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.926101, "energy": 85.186556, "activity_lines": [ 47.429239, 47.351433, 47.202565, 47.057875 ] }, { "date": "2024-12-06", "close": 47.540423, "volume": 13377120, "typical_volume": 8692423.75, "trend": 46.892434, "fair_value": 44.296458, "relative_strength": -10.629491, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.798542, "energy": 79.052687, "activity_lines": [ 47.47693, 47.398439, 47.247957, 47.102547 ] }, { "date": "2024-12-13", "close": 47.587493, "volume": 6236663, "typical_volume": 8634474.8, "trend": 46.936604, "fair_value": 44.330744, "relative_strength": -9.641603, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.955921, "energy": 78.168926, "activity_lines": [ 47.524019, 47.445523, 47.293665, 47.14739 ] }, { "date": "2024-12-20", "close": 47.639565, "volume": 13495532, "typical_volume": 8799064.25, "trend": 46.980987, "fair_value": 44.36539, "relative_strength": -7.522174, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.4834, "energy": 82.581696, "activity_lines": [ 47.572789, 47.493607, 47.340161, 47.192742 ] }, { "date": "2024-12-27", "close": 47.667916, "volume": 7629705, "typical_volume": 8574330.15, "trend": 47.025096, "fair_value": 44.400219, "relative_strength": -7.73414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.468913, "energy": 79.951393, "activity_lines": [ 47.614987, 47.538281, 47.384926, 47.23706 ] }, { "date": "2025-01-03", "close": 47.715169, "volume": 9235416, "typical_volume": 8661579.4, "trend": 47.06893, "fair_value": 44.43535, "relative_strength": -6.804124, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.321332, "energy": 80.646277, "activity_lines": [ 47.658774, 47.583146, 47.429934, 47.281581 ] }, { "date": "2025-01-10", "close": 47.75297, "volume": 9646332, "typical_volume": 8780193.45, "trend": 47.112799, "fair_value": 44.470666, "relative_strength": -4.588777, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.544553, "energy": 76.679945, "activity_lines": [ 47.699726, 47.626644, 47.474323, 47.325713 ] }, { "date": "2025-01-17", "close": 47.809673, "volume": 11715245, "typical_volume": 9060704.1, "trend": 47.156722, "fair_value": 44.506323, "relative_strength": -6.888894, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.638947, "energy": 77.409083, "activity_lines": [ 47.74541, 47.672144, 47.519935, 47.370672 ] }, { "date": "2025-01-24", "close": 47.847474, "volume": 4841657, "typical_volume": 8835134.2, "trend": 47.200987, "fair_value": 44.542114, "relative_strength": -8.083586, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.607946, "energy": 77.049808, "activity_lines": [ 47.788882, 47.716201, 47.564831, 47.415237 ] }, { "date": "2025-01-31", "close": 47.894727, "volume": 9869611, "typical_volume": 8976993.0, "trend": 47.245035, "fair_value": 44.578181, "relative_strength": -6.766381, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.777564, "energy": 77.107297, "activity_lines": [ 47.834244, 47.7607, 47.609968, 47.459994 ] }, { "date": "2025-02-07", "close": 47.939362, "volume": 9524183, "typical_volume": 9020654.4, "trend": 47.289034, "fair_value": 44.614453, "relative_strength": -6.256847, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.012338, "energy": 77.193227, "activity_lines": [ 47.879364, 47.805329, 47.655093, 47.50479 ] }, { "date": "2025-02-14", "close": 47.98678, "volume": 6967422, "typical_volume": 8963330.05, "trend": 47.333076, "fair_value": 44.650975, "relative_strength": -7.248531, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.306478, "energy": 83.563627, "activity_lines": [ 47.925343, 47.850293, 47.700436, 47.549806 ] }, { "date": "2025-02-21", "close": 48.024714, "volume": 5770050, "typical_volume": 8606234.7, "trend": 47.376845, "fair_value": 44.687876, "relative_strength": -5.428742, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.526143, "energy": 86.739948, "activity_lines": [ 47.96838, 47.894039, 47.745045, 47.594427 ] }, { "date": "2025-02-28", "close": 48.053165, "volume": 9253281, "typical_volume": 8710537.2, "trend": 47.421654, "fair_value": 44.724784, "relative_strength": -4.250473, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.984519, "energy": 86.142773, "activity_lines": [ 48.006565, 47.935008, 47.788063, 47.638061 ] }, { "date": "2025-03-07", "close": 48.086242, "volume": 11457791, "typical_volume": 8876106.15, "trend": 47.465404, "fair_value": 44.761958, "relative_strength": -0.986478, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.645859, "energy": 81.123602, "activity_lines": [ 48.042062, 47.974471, 47.83002, 47.680938 ] }, { "date": "2025-03-14", "close": 48.1243, "volume": 10360320, "typical_volume": 9120781.3, "trend": 47.508569, "fair_value": 44.799376, "relative_strength": 1.520897, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.609682, "energy": 79.12694, "activity_lines": [ 48.077478, 48.013248, 47.871408, 47.723447 ] }, { "date": "2025-03-21", "close": 48.152844, "volume": 9511027, "typical_volume": 9180261.2, "trend": 47.551142, "fair_value": 44.83695, "relative_strength": 1.152136, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.685281, "energy": 76.025008, "activity_lines": [ 48.110079, 48.049776, 47.911409, 47.765013 ] }, { "date": "2025-03-28", "close": 48.190902, "volume": 7548015, "typical_volume": 8957144.2, "trend": 47.594058, "fair_value": 44.874703, "relative_strength": 2.797592, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.831759, "energy": 76.423156, "activity_lines": [ 48.144296, 48.085953, 47.950954, 47.806288 ] }, { "date": "2025-04-04", "close": 48.221912, "volume": 10291770, "typical_volume": 9044455.75, "trend": 47.636356, "fair_value": 44.912493, "relative_strength": 12.974138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.448642, "energy": 76.289834, "activity_lines": [ 48.177769, 48.120837, 47.98946, 47.846795 ] }, { "date": "2025-04-11", "close": 48.260108, "volume": 23302705, "typical_volume": 9764219.4, "trend": 47.678377, "fair_value": 44.950366, "relative_strength": 7.014938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.804573, "energy": 76.766282, "activity_lines": [ 48.212725, 48.155857, 48.027686, 47.887037 ] }, { "date": "2025-04-18", "close": 48.298304, "volume": 8089768, "typical_volume": 9906180.65, "trend": 47.72043, "fair_value": 44.988377, "relative_strength": 8.692162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.788789, "energy": 82.351193, "activity_lines": [ 48.248822, 48.191179, 48.065717, 47.927032 ] }, { "date": "2025-04-25", "close": 48.346048, "volume": 12525293, "typical_volume": 9863589.3, "trend": 47.762834, "fair_value": 45.026532, "relative_strength": 4.109195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.328339, "energy": 83.996353, "activity_lines": [ 48.289234, 48.228656, 48.104417, 47.967394 ] }, { "date": "2025-05-02", "close": 48.380365, "volume": 11064289, "typical_volume": 10104970.6, "trend": 47.804786, "fair_value": 45.065007, "relative_strength": 1.36013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.744724, "energy": 91.049878, "activity_lines": [ 48.328204, 48.26584, 48.142549, 48.007235 ] }, { "date": "2025-05-09", "close": 48.418694, "volume": 7412435, "typical_volume": 9800815.75, "trend": 47.846458, "fair_value": 45.103674, "relative_strength": 1.969647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.541071, "energy": 87.658421, "activity_lines": [ 48.367319, 48.303526, 48.180555, 48.046842 ] }, { "date": "2025-05-16", "close": 48.457023, "volume": 11854910, "typical_volume": 10012076.0, "trend": 47.888163, "fair_value": 45.142641, "relative_strength": -2.923992, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.633643, "energy": 86.564474, "activity_lines": [ 48.406092, 48.341535, 48.218502, 48.086233 ] }, { "date": "2025-05-23", "close": 48.524098, "volume": 10455766, "typical_volume": 10073093.5, "trend": 47.930234, "fair_value": 45.182092, "relative_strength": -0.147194, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.894139, "energy": 88.599532, "activity_lines": [ 48.454096, 48.384999, 48.259079, 48.127262 ] }, { "date": "2025-05-30", "close": 48.543262, "volume": 7775866, "typical_volume": 9979570.2, "trend": 47.971808, "fair_value": 45.221616, "relative_strength": -1.700643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.899839, "energy": 77.158333, "activity_lines": [ 48.493435, 48.424677, 48.297629, 48.166812 ] }, { "date": "2025-06-06", "close": 48.580917, "volume": 8818909, "typical_volume": 9834753.4, "trend": 48.01276, "fair_value": 45.261328, "relative_strength": -3.071595, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.386077, "energy": 76.977584, "activity_lines": [ 48.532178, 48.464104, 48.336002, 48.206109 ] }, { "date": "2025-06-13", "close": 48.619389, "volume": 9450194, "typical_volume": 10065180.25, "trend": 48.053432, "fair_value": 45.301125, "relative_strength": -2.530592, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.237806, "energy": 76.924603, "activity_lines": [ 48.570375, 48.503434, 48.374366, 48.245246 ] }, { "date": "2025-06-20", "close": 48.677098, "volume": 6637416, "typical_volume": 9903570.5, "trend": 48.094152, "fair_value": 45.341319, "relative_strength": -2.156094, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.940071, "energy": 77.866746, "activity_lines": [ 48.614428, 48.54603, 48.414551, 48.285483 ] }, { "date": "2025-06-27", "close": 48.696334, "volume": 9024231, "typical_volume": 9878572.9, "trend": 48.134576, "fair_value": 45.381261, "relative_strength": -5.241388, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.191803, "energy": 76.555431, "activity_lines": [ 48.650222, 48.584541, 48.452842, 48.324333 ] }, { "date": "2025-07-04", "close": 48.737017, "volume": 7105038, "typical_volume": 9885453.7, "trend": 48.174462, "fair_value": 45.421734, "relative_strength": -6.591909, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.769413, "energy": 76.755621, "activity_lines": [ 48.688094, 48.623213, 48.491404, 48.3632 ] }, { "date": "2025-07-11", "close": 48.794933, "volume": 6717730, "typical_volume": 9932837.7, "trend": 48.21471, "fair_value": 45.462498, "relative_strength": -6.092242, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.531451, "energy": 77.720866, "activity_lines": [ 48.732355, 48.665306, 48.531908, 48.403231 ] }, { "date": "2025-07-18", "close": 48.833545, "volume": 5884246, "typical_volume": 9764385.95, "trend": 48.25451, "fair_value": 45.503374, "relative_strength": -6.432875, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.837367, "energy": 77.479224, "activity_lines": [ 48.775218, 48.706882, 48.572422, 48.443156 ] }, { "date": "2025-07-25", "close": 48.872156, "volume": 5075018, "typical_volume": 9445247.3, "trend": 48.294651, "fair_value": 45.544173, "relative_strength": -7.541065, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.385928, "energy": 78.938837, "activity_lines": [ 48.816675, 48.747936, 48.612897, 48.483004 ] }, { "date": "2025-08-01", "close": 48.915993, "volume": 6427980, "typical_volume": 9248630.3, "trend": 48.334678, "fair_value": 45.58542, "relative_strength": -4.947185, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.368696, "energy": 82.636375, "activity_lines": [ 48.85974, 48.789412, 48.653805, 48.52309 ] }, { "date": "2025-08-08", "close": 48.954746, "volume": 10265422, "typical_volume": 9286350.05, "trend": 48.374738, "fair_value": 45.626725, "relative_strength": -6.920113, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.949699, "energy": 90.82556, "activity_lines": [ 48.90108, 48.830809, 48.694633, 48.563095 ] }, { "date": "2025-08-15", "close": 48.983811, "volume": 8676146, "typical_volume": 9342756.6, "trend": 48.413875, "fair_value": 45.668217, "relative_strength": -7.56845, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.168396, "energy": 87.119651, "activity_lines": [ 48.937592, 48.870008, 48.734411, 48.60239 ] }, { "date": "2025-08-22", "close": 49.022564, "volume": 5445560, "typical_volume": 9100446.1, "trend": 48.453045, "fair_value": 45.709795, "relative_strength": -7.580872, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.338197, "energy": 91.625903, "activity_lines": [ 48.97443, 48.908929, 48.774104, 48.64166 ] }, { "date": "2025-08-29", "close": 49.04194, "volume": 6698073, "typical_volume": 8270214.5, "trend": 48.491286, "fair_value": 45.751253, "relative_strength": -7.32897, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.744758, "energy": 87.282084, "activity_lines": [ 49.005125, 48.944041, 48.81183, 48.679653 ] }, { "date": "2025-09-05", "close": 49.085215, "volume": 5843792, "typical_volume": 8157915.7, "trend": 48.529481, "fair_value": 45.79288, "relative_strength": -7.297368, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.917886, "energy": 82.299849, "activity_lines": [ 49.038926, 48.980389, 48.849954, 48.717971 ] }, { "date": "2025-09-12", "close": 49.094938, "volume": 5582972, "typical_volume": 7810799.65, "trend": 48.566419, "fair_value": 45.834407, "relative_strength": -8.498561, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.510811, "energy": 74.913796, "activity_lines": [ 49.064687, 49.011433, 48.885257, 48.754452 ] }, { "date": "2025-09-19", "close": 49.143557, "volume": 5705593, "typical_volume": 7542864.85, "trend": 48.603714, "fair_value": 45.876083, "relative_strength": -9.318221, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.327215, "energy": 76.948172, "activity_lines": [ 49.097308, 49.04481, 48.921624, 48.791687 ] }, { "date": "2025-09-26", "close": 49.182452, "volume": 5758774, "typical_volume": 7460181.8, "trend": 48.641357, "fair_value": 45.9179, "relative_strength": -8.794105, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.165505, "energy": 77.239422, "activity_lines": [ 49.132245, 49.07892, 48.958061, 48.829025 ] }, { "date": "2025-10-03", "close": 49.21937, "volume": 5815577, "typical_volume": 7158215.15, "trend": 48.679128, "fair_value": 45.959742, "relative_strength": -9.526718, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.555823, "energy": 77.378791, "activity_lines": [ 49.168828, 49.113399, 48.994378, 48.866316 ] }, { "date": "2025-10-10", "close": 49.258395, "volume": 6254977, "typical_volume": 6948175.7, "trend": 48.716931, "fair_value": 46.001725, "relative_strength": -7.05761, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.076766, "energy": 82.021515, "activity_lines": [ 49.206591, 49.14866, 49.03078, 48.903688 ] }, { "date": "2025-10-17", "close": 49.287663, "volume": 6893649, "typical_volume": 6904064.85, "trend": 48.754758, "fair_value": 46.043734, "relative_strength": -8.430224, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.281979, "energy": 79.997525, "activity_lines": [ 49.242564, 49.183017, 49.066474, 48.94051 ] }, { "date": "2025-10-24", "close": 49.326687, "volume": 6597345, "typical_volume": 6792986.65, "trend": 48.792618, "fair_value": 46.085829, "relative_strength": -9.888774, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.082546, "energy": 86.424305, "activity_lines": [ 49.278698, 49.218417, 49.102339, 48.977408 ] }, { "date": "2025-10-31", "close": 49.375468, "volume": 6160123, "typical_volume": 6628483.1, "trend": 48.83107, "fair_value": 46.127974, "relative_strength": -10.191413, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.022643, "energy": 81.110394, "activity_lines": [ 49.318882, 49.256451, 49.139299, 49.015012 ] }, { "date": "2025-11-07", "close": 49.412517, "volume": 6993400, "typical_volume": 6646282.3, "trend": 48.869483, "fair_value": 46.170247, "relative_strength": -8.497188, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.443424, "energy": 77.696347, "activity_lines": [ 49.358549, 49.294806, 49.176187, 49.052524 ] }, { "date": "2025-11-14", "close": 49.441883, "volume": 6052333, "typical_volume": 6497687.4, "trend": 48.907603, "fair_value": 46.212436, "relative_strength": -8.391531, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.608672, "energy": 77.250458, "activity_lines": [ 49.395128, 49.331761, 49.212369, 49.089453 ] }, { "date": "2025-11-21", "close": 49.490825, "volume": 7645771, "typical_volume": 6524724.05, "trend": 48.945762, "fair_value": 46.25483, "relative_strength": -6.381348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.241982, "energy": 77.624897, "activity_lines": [ 49.435789, 49.371131, 49.249663, 49.127081 ] }, { "date": "2025-11-28", "close": 49.529979, "volume": 3843664, "typical_volume": 6381020.75, "trend": 48.984082, "fair_value": 46.297197, "relative_strength": -9.489029, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.790208, "energy": 77.465492, "activity_lines": [ 49.475956, 49.410421, 49.287096, 49.164772 ] }, { "date": "2025-12-05", "close": 49.579836, "volume": 6196374, "typical_volume": 6396627.15, "trend": 49.022787, "fair_value": 46.33972, "relative_strength": -9.552891, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.0696, "energy": 77.913643, "activity_lines": [ 49.51919, 49.451751, 49.325777, 49.203208 ] }, { "date": "2025-12-12", "close": 49.619115, "volume": 5133167, "typical_volume": 6399534.6, "trend": 49.061523, "fair_value": 46.382229, "relative_strength": -8.807362, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.158706, "energy": 77.595396, "activity_lines": [ 49.561893, 49.492997, 49.364645, 49.241681 ] }, { "date": "2025-12-19", "close": 49.651653, "volume": 6667798, "typical_volume": 6411525.5, "trend": 49.099109, "fair_value": 46.424729, "relative_strength": -8.66942, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.345043, "energy": 76.960261, "activity_lines": [ 49.601668, 49.532891, 49.403055, 49.279753 ] }, { "date": "2025-12-26", "close": 49.691059, "volume": 5084217, "typical_volume": 6152465.25, "trend": 49.137369, "fair_value": 46.467152, "relative_strength": -9.686804, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.67194, "energy": 82.309514, "activity_lines": [ 49.640594, 49.572799, 49.441715, 49.317944 ] }, { "date": "2026-01-02", "close": 49.730465, "volume": 4716009, "typical_volume": 5954458.4, "trend": 49.175687, "fair_value": 46.509828, "relative_strength": -8.477175, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.795664, "energy": 80.314559, "activity_lines": [ 49.679306, 49.612538, 49.480621, 49.356208 ] }, { "date": "2026-01-09", "close": 49.769872, "volume": 7699658, "typical_volume": 6067163.3, "trend": 49.214036, "fair_value": 46.552318, "relative_strength": -9.591304, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.018002, "energy": 81.394742, "activity_lines": [ 49.717788, 49.6521, 49.519726, 49.394543 ] }, { "date": "2026-01-16", "close": 49.809278, "volume": 8500540, "typical_volume": 6157286.65, "trend": 49.251776, "fair_value": 46.594896, "relative_strength": -9.007481, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.702631, "energy": 77.081335, "activity_lines": [ 49.756736, 49.691656, 49.559024, 49.432945 ] }, { "date": "2026-01-23", "close": 49.858535, "volume": 7687608, "typical_volume": 6249477.45, "trend": 49.290516, "fair_value": 46.637572, "relative_strength": -8.434341, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.197463, "energy": 77.605853, "activity_lines": [ 49.799426, 49.732954, 49.59936, 49.472091 ] }, { "date": "2026-01-30", "close": 49.878238, "volume": 7608782, "typical_volume": 6350767.95, "trend": 49.328556, "fair_value": 46.680028, "relative_strength": -8.573187, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.332789, "energy": 76.253751, "activity_lines": [ 49.834892, 49.770258, 49.637889, 49.510009 ] }, { "date": "2026-02-06", "close": 49.928383, "volume": 8318270, "typical_volume": 6481401.8, "trend": 49.366338, "fair_value": 46.722586, "relative_strength": -8.113301, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.964908, "energy": 77.17335, "activity_lines": [ 49.874593, 49.809637, 49.677464, 49.548707 ] }, { "date": "2026-02-13", "close": 49.967907, "volume": 7321874, "typical_volume": 6559556.8, "trend": 49.40415, "fair_value": 46.765123, "relative_strength": -6.699678, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.713355, "energy": 77.083535, "activity_lines": [ 49.914275, 49.848957, 49.717067, 49.587518 ] }, { "date": "2026-02-20", "close": 49.987668, "volume": 7945593, "typical_volume": 6666057.6, "trend": 49.441334, "fair_value": 46.807621, "relative_strength": -7.510508, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.318559, "energy": 75.895324, "activity_lines": [ 49.947342, 49.884815, 49.754811, 49.625164 ] }, { "date": "2026-02-27", "close": 50.017311, "volume": 5629662, "typical_volume": 6634791.85, "trend": 49.478044, "fair_value": 46.849988, "relative_strength": -6.787908, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.049002, "energy": 75.800928, "activity_lines": [ 49.978397, 49.919361, 49.791719, 49.662324 ] }, { "date": "2026-03-06", "close": 50.058964, "volume": 8207789, "typical_volume": 6700498.85, "trend": 49.514852, "fair_value": 46.892347, "relative_strength": -4.586873, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.534569, "energy": 77.582021, "activity_lines": [ 50.012751, 49.954833, 49.828981, 49.699803 ] }, { "date": "2026-03-13", "close": 50.098599, "volume": 12345009, "typical_volume": 6987882.05, "trend": 49.552011, "fair_value": 46.934849, "relative_strength": -2.796298, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.872696, "energy": 84.5322, "activity_lines": [ 50.048268, 49.990821, 49.866344, 49.737464 ] }, { "date": "2026-03-20", "close": 50.138234, "volume": 8398832, "typical_volume": 7099817.5, "trend": 49.5892, "fair_value": 46.977439, "relative_strength": -0.71445, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.497188, "energy": 81.04079, "activity_lines": [ 50.08565, 50.027323, 49.903807, 49.775285 ] }, { "date": "2026-03-27", "close": 50.16796, "volume": 10208974, "typical_volume": 7260596.2, "trend": 49.626734, "fair_value": 47.019945, "relative_strength": 1.829427, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.850613, "energy": 80.088759, "activity_lines": [ 50.121585, 50.062532, 49.940468, 49.812624 ] }, { "date": "2026-04-03", "close": 50.199271, "volume": 9104057, "typical_volume": 7413182.4, "trend": 49.663869, "fair_value": 47.062409, "relative_strength": -0.994858, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.131102, "energy": 80.387791, "activity_lines": [ 50.155937, 50.096912, 49.976514, 49.849562 ] }, { "date": "2026-04-10", "close": 50.229086, "volume": 7780596, "typical_volume": 7419923.65, "trend": 49.701674, "fair_value": 47.104731, "relative_strength": -3.963297, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.373264, "energy": 76.264922, "activity_lines": [ 50.188097, 50.130518, 50.011793, 49.886028 ] }, { "date": "2026-04-17", "close": 50.258901, "volume": 9978566, "typical_volume": 7726668.75, "trend": 49.738852, "fair_value": 47.146913, "relative_strength": -7.548988, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.761166, "energy": 82.508843, "activity_lines": [ 50.218854, 50.163166, 50.046396, 49.921978 ] }, { "date": "2026-04-24", "close": 50.298655, "volume": 8799749, "typical_volume": 7856837.5, "trend": 49.776059, "fair_value": 47.189018, "relative_strength": -7.542012, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.969149, "energy": 86.676066, "activity_lines": [ 50.252176, 50.197032, 50.081314, 49.958094 ] }, { "date": "2026-05-01", "close": 50.178242, "volume": 6608851, "typical_volume": 7930621.7, "trend": 49.808022, "fair_value": 47.230066, "relative_strength": -8.235111, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.560211, "energy": 68.780148, "activity_lines": [ 50.234665, 50.202991, 50.101341, 49.984041 ] }, { "date": "2026-05-08", "close": 50.227933, "volume": 8811131, "typical_volume": 8037788.35, "trend": 49.84034, "fair_value": 47.271156, "relative_strength": -9.830466, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.057331, "energy": 67.911319, "activity_lines": [ 50.233032, 50.214521, 50.123438, 50.011132 ] }, { "date": "2026-05-15", "close": 50.24781, "volume": 5944632, "typical_volume": 8080809.1, "trend": 49.872344, "fair_value": 47.31215, "relative_strength": -9.650172, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.458151, "energy": 69.097514, "activity_lines": [ 50.236115, 50.225834, 50.144684, 50.037421 ] }, { "date": "2026-05-22", "close": 50.297501, "volume": 6795724, "typical_volume": 8184794.85, "trend": 49.904705, "fair_value": 47.353185, "relative_strength": -9.947461, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.29204, "energy": 72.034817, "activity_lines": [ 50.254512, 50.242749, 50.168011, 50.06485 ] }, { "date": "2026-05-29", "close": 50.317377, "volume": 6178622, "typical_volume": 8108743.05, "trend": 49.936102, "fair_value": 47.394017, "relative_strength": -10.818345, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.253934, "energy": 73.252146, "activity_lines": [ 50.276962, 50.259661, 50.190531, 50.091474 ] }, { "date": "2026-06-05", "close": 50.355647, "volume": 8349138, "typical_volume": 8101172.95, "trend": 49.96754, "fair_value": 47.434705, "relative_strength": -8.134371, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.713302, "energy": 74.264834, "activity_lines": [ 50.31092, 50.280275, 50.214089, 50.118542 ] }, { "date": "2026-06-12", "close": 50.405495, "volume": 7040518, "typical_volume": 8068818.45, "trend": 49.99966, "fair_value": 47.475488, "relative_strength": -8.221692, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.970996, "energy": 76.094697, "activity_lines": [ 50.349667, 50.306539, 50.239792, 50.146797 ] }, { "date": "2026-06-19", "close": 50.435403, "volume": 6984849, "typical_volume": 8037621.8, "trend": 50.031146, "fair_value": 47.516296, "relative_strength": -8.651369, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.802431, "energy": 91.356792, "activity_lines": [ 50.386546, 50.334491, 50.265739, 50.174909 ] }, { "date": "2026-06-26", "close": 50.475281, "volume": 6573377, "typical_volume": 7950377.15, "trend": 50.062656, "fair_value": 47.556968, "relative_strength": -6.088676, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.229761, "energy": 93.652509, "activity_lines": [ 50.424212, 50.365943, 50.292831, 50.203563 ] }, { "date": "2026-07-03", "close": 50.360635, "volume": 7423479, "typical_volume": 7955457.4, "trend": 50.088683, "fair_value": 47.59665, "relative_strength": -8.020237, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.109928, "energy": 67.907198, "activity_lines": [ 50.41181, 50.372616, 50.306399, 50.222788 ] }, { "date": "2026-07-10", "close": 50.39054, "volume": 7448087, "typical_volume": 7930582.1, "trend": 50.114397, "fair_value": 47.636187, "relative_strength": -8.910841, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.151664, "energy": 66.113183, "activity_lines": [ 50.406492, 50.383599, 50.320946, 50.242262 ] }, { "date": "2026-07-17", "close": 50.430414, "volume": 5318963, "typical_volume": 7915047.15, "trend": 50.140355, "fair_value": 47.675643, "relative_strength": -7.144921, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.394495, "energy": 66.52768, "activity_lines": [ 50.41214, 50.397972, 50.337372, 50.262651 ] }, { "date": "2026-07-24", "close": 50.470288, "volume": 7875056, "typical_volume": 7898410.5, "trend": 50.16633, "fair_value": 47.715075, "relative_strength": -6.294903, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.065917, "energy": 66.668629, "activity_lines": [ 50.429418, 50.415914, 50.355628, 50.283936 ] }, { "date": "2026-07-31", "close": 50.500193, "volume": 7805143, "typical_volume": 7671417.2, "trend": 50.191987, "fair_value": 47.754383, "relative_strength": -6.962771, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.689495, "energy": 72.352537, "activity_lines": [ 50.454338, 50.435247, 50.374774, 50.305476 ] }, { "date": "2026-08-07", "close": 50.55, "volume": 8488987, "typical_volume": 7675924.95, "trend": 50.217992, "fair_value": 47.793729, "relative_strength": -9.736058, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.973969, "energy": 90.334058, "activity_lines": [ 50.4942, 50.459951, 50.396751, 50.328574 ] } ], "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." } } }