{ "ticker": { "uuid": "f019bb19-ae31-4133-802b-2d04e4bd3ef2", "symbol": "SGLE", "name": "Invesco Physical Gold ETC EUR Hedged", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 88.97, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -52.651, "architecture_energy": 49.167, "architecture_maturity": 62.569, "architecture_confidence": 69.203, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.64, "rotation_up": 26.42, "upward_expansion": 19.86, "deceleration": 66.69, "rotation_down": 48.99, "downward_expansion": 72.2 }, "activity_lines": [ 93.184667, 92.957637, 96.247, 99.549183 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 97.620003, "trend_reference": 103.793, "distance_from_trend": -0.059474, "trend_direction": "Weakening", "fair_value": 72.994038, "distance_from_fair_value": 0.33737, "fair_value_direction": "Weakening", "relative_strength": -15.217668, "relative_strength_direction": "Weakening", "price_momentum": -0.132421, "excess_performance": -0.303313, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.059474, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.012661, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.33737, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.205277, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152177, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.151337, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.132421, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.467618, "read": "Supply-led" } ], "volume": { "latest": 100152, "relative_activity": 1.755864, "balance": 0.467618, "dry_up": 2.411306, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.039336, "annualized_volatility": 0.235314, "from_high_reference": -0.2283, "from_low_reference": 0.271591 }, "levels": { "trend_reference": 103.793, "fair_value_reference": 72.994038, "structural_low": 88.93, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": -0.003811, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.007337, "regime_survival": 0.777778, "best_return": 0.062128, "worst_return": -0.036823, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.04935, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.001836, "regime_survival": 0.333333, "best_return": 0.06556, "worst_return": -0.034526, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.068638, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.096873, "regime_survival": 0.0, "best_return": 0.108506, "worst_return": 0.028771, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.18546, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.033273, "regime_survival": 0.0, "best_return": 0.305479, "worst_return": 0.065441, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2023-11-03", "tenure": "New", "return": 0.004994, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-10", "end": "2023-12-08", "tenure": "Developing", "return": 0.031901, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-01-26", "tenure": "Developing", "return": -0.011681, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.066272, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-06-07", "tenure": "Established", "return": 0.061923, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.033968, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-22", "tenure": "Established", "return": 0.114734, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2025-01-24", "tenure": "Developing", "return": 0.039727, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-07-11", "tenure": "Established", "return": 0.180856, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": -0.007586, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2026-03-20", "tenure": "Extended", "return": 0.340683, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-22", "tenure": "Developing", "return": -0.007399, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.095565, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.062936, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 46.16, "volume": 2178, "typical_volume": 26380.45, "trend": 47.659667, "fair_value": 46.915641, "relative_strength": -7.779769, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -47.218233, "energy": 53.580875, "activity_lines": [ 46.92, 47.201818, 47.618214, 47.762699 ] }, { "date": "2023-08-25", "close": 46.465, "volume": 2158, "typical_volume": 25418.75, "trend": 47.610333, "fair_value": 46.879006, "relative_strength": -8.288391, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.084768, "energy": 60.248911, "activity_lines": [ 46.663333, 47.043727, 47.465833, 47.685624 ] }, { "date": "2023-09-01", "close": 47.209999, "volume": 2238, "typical_volume": 19463.9, "trend": 47.6405, "fair_value": 46.855609, "relative_strength": -7.933158, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.329924, "energy": 54.737801, "activity_lines": [ 46.752333, 47.049363, 47.399166, 47.659796 ] }, { "date": "2023-09-08", "close": 46.790001, "volume": 11866, "typical_volume": 19451.4, "trend": 47.663333, "fair_value": 46.82593, "relative_strength": -7.102616, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.45881, "energy": 57.057642, "activity_lines": [ 46.750667, 46.976273, 47.302333, 47.604925 ] }, { "date": "2023-09-15", "close": 46.91, "volume": 20896, "typical_volume": 19984.9, "trend": 47.711333, "fair_value": 46.796442, "relative_strength": -8.651071, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.11699, "energy": 32.583848, "activity_lines": [ 46.828667, 46.927818, 47.226, 47.556322 ] }, { "date": "2023-09-22", "close": 46.880001, "volume": 2156, "typical_volume": 19374.95, "trend": 47.777667, "fair_value": 46.782276, "relative_strength": -7.361179, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.539859, "energy": 23.825788, "activity_lines": [ 46.886334, 46.879455, 47.156643, 47.502688 ] }, { "date": "2023-09-29", "close": 45.110001, "volume": 8824, "typical_volume": 19056.35, "trend": 47.759167, "fair_value": 46.749455, "relative_strength": -9.372001, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.271771, "energy": 52.298462, "activity_lines": [ 46.306001, 46.528, 46.931167, 47.330581 ] }, { "date": "2023-10-06", "close": 44.505001, "volume": 11945, "typical_volume": 18823.4, "trend": 47.712667, "fair_value": 46.709551, "relative_strength": -8.753861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.124409, "energy": 79.222488, "activity_lines": [ 45.614334, 46.117728, 46.668595, 47.120635 ] }, { "date": "2023-10-13", "close": 46.689999, "volume": 9133, "typical_volume": 18700.45, "trend": 47.657, "fair_value": 46.688205, "relative_strength": -5.381913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.78258, "energy": 61.61507, "activity_lines": [ 45.831334, 46.167364, 46.633238, 47.054656 ] }, { "date": "2023-10-20", "close": 48.485001, "volume": 5826, "typical_volume": 18062.45, "trend": 47.6385, "fair_value": 46.678622, "relative_strength": 1.573589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.959849, "energy": 18.051167, "activity_lines": [ 46.653334, 46.556, 46.773595, 47.108075 ] }, { "date": "2023-10-27", "close": 48.055, "volume": 25114, "typical_volume": 18698.05, "trend": 47.613333, "fair_value": 46.671378, "relative_strength": 1.006585, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.893254, "energy": 12.005218, "activity_lines": [ 47.227, 46.835, 46.871548, 47.134946 ] }, { "date": "2023-11-03", "close": 48.294998, "volume": 9765, "typical_volume": 8128.9, "trend": 47.571, "fair_value": 46.651923, "relative_strength": -3.278475, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.26848, "energy": 34.250546, "activity_lines": [ 47.802333, 47.123182, 46.992762, 47.178925 ] }, { "date": "2023-11-10", "close": 47.02, "volume": 3843, "typical_volume": 7883.35, "trend": 47.495833, "fair_value": 46.634391, "relative_strength": -5.107283, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.57132, "energy": 28.935325, "activity_lines": [ 47.740333, 47.146273, 46.991238, 47.143376 ] }, { "date": "2023-11-17", "close": 48.02, "volume": 19852, "typical_volume": 8702.1, "trend": 47.473333, "fair_value": 46.626571, "relative_strength": -6.195534, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.640852, "energy": 32.142478, "activity_lines": [ 47.844, 47.354636, 47.085238, 47.177194 ] }, { "date": "2023-11-24", "close": 48.445, "volume": 6735, "typical_volume": 8520.75, "trend": 47.455667, "fair_value": 46.636923, "relative_strength": -5.022069, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.605785, "energy": 38.988638, "activity_lines": [ 48.000666, 47.617909, 47.214595, 47.239882 ] }, { "date": "2023-12-01", "close": 49.805, "volume": 25032, "typical_volume": 9388.8, "trend": 47.466, "fair_value": 46.648237, "relative_strength": -3.811451, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.152483, "energy": 50.734709, "activity_lines": [ 48.613333, 48.100545, 47.467619, 47.391452 ] }, { "date": "2023-12-08", "close": 48.52, "volume": 20833, "typical_volume": 10154.45, "trend": 47.436, "fair_value": 46.650801, "relative_strength": -7.495832, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.234724, "energy": 56.412035, "activity_lines": [ 48.681, 48.296363, 47.589238, 47.459452 ] }, { "date": "2023-12-15", "close": 49.224998, "volume": 11735, "typical_volume": 10385.35, "trend": 47.4595, "fair_value": 46.649038, "relative_strength": -5.783693, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.372587, "energy": 64.43229, "activity_lines": [ 48.968666, 48.558363, 47.775166, 47.574871 ] }, { "date": "2023-12-22", "close": 49.785, "volume": 228910, "typical_volume": 21542.35, "trend": 47.529333, "fair_value": 46.654006, "relative_strength": -4.388956, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.077783, "energy": 68.768334, "activity_lines": [ 49.295999, 48.836363, 48.008357, 47.724903 ] }, { "date": "2023-12-29", "close": 49.875, "volume": 2941, "typical_volume": 21599.0, "trend": 47.585833, "fair_value": 46.657179, "relative_strength": -3.928386, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.937542, "energy": 64.602676, "activity_lines": [ 49.535666, 49.074454, 48.23869, 47.876236 ] }, { "date": "2024-01-05", "close": 49.5, "volume": 8922, "typical_volume": 21936.2, "trend": 47.631167, "fair_value": 46.662756, "relative_strength": -4.731911, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.814283, "energy": 59.256673, "activity_lines": [ 49.555, 49.219091, 48.418452, 47.999731 ] }, { "date": "2024-01-12", "close": 49.599998, "volume": 21858, "typical_volume": 22921.2, "trend": 47.683833, "fair_value": 46.674391, "relative_strength": -4.399661, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.49616, "energy": 56.502771, "activity_lines": [ 49.627999, 49.355636, 48.591833, 48.126752 ] }, { "date": "2024-01-19", "close": 48.855, "volume": 7556, "typical_volume": 23187.1, "trend": 47.743, "fair_value": 46.677019, "relative_strength": -4.993853, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.633707, "energy": 40.774274, "activity_lines": [ 49.380666, 49.332999, 48.679333, 48.202312 ] }, { "date": "2024-01-26", "close": 48.650002, "volume": 18533, "typical_volume": 23520.45, "trend": 47.799833, "fair_value": 46.677564, "relative_strength": -5.461167, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.315196, "energy": 27.20583, "activity_lines": [ 49.089667, 49.239727, 48.739476, 48.260828 ] }, { "date": "2024-02-02", "close": 49.040001, "volume": 5570, "typical_volume": 22754.15, "trend": 47.860667, "fair_value": 46.688942, "relative_strength": -5.624638, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.828992, "energy": 21.409003, "activity_lines": [ 49.004334, 49.205909, 48.827905, 48.340839 ] }, { "date": "2024-02-09", "close": 48.709999, "volume": 5404, "typical_volume": 22916.55, "trend": 47.887333, "fair_value": 46.695417, "relative_strength": -7.443502, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.209393, "energy": 20.622059, "activity_lines": [ 48.864667, 49.101273, 48.874762, 48.395634 ] }, { "date": "2024-02-16", "close": 48.365002, "volume": 20838, "typical_volume": 23517.25, "trend": 47.902, "fair_value": 46.706538, "relative_strength": -9.649637, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.511322, "energy": 18.452537, "activity_lines": [ 48.662668, 48.953819, 48.880048, 48.426452 ] }, { "date": "2024-02-23", "close": 48.945, "volume": 39641, "typical_volume": 24902.05, "trend": 47.935167, "fair_value": 46.732308, "relative_strength": -11.106587, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.691909, "energy": 12.899455, "activity_lines": [ 48.736334, 48.914637, 48.925071, 48.493742 ] }, { "date": "2024-03-01", "close": 49.904999, "volume": 3518, "typical_volume": 24621.3, "trend": 48.019167, "fair_value": 46.768846, "relative_strength": -9.874739, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.355391, "energy": 29.835691, "activity_lines": [ 49.124, 49.055091, 49.040381, 48.620828 ] }, { "date": "2024-03-08", "close": 52.290001, "volume": 73169, "typical_volume": 27988.45, "trend": 48.203667, "fair_value": 46.818077, "relative_strength": -6.771447, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 85.674775, "energy": 76.32258, "activity_lines": [ 50.223, 49.627, 49.367524, 48.896366 ] }, { "date": "2024-03-15", "close": 52.0, "volume": 16313, "typical_volume": 27548.4, "trend": 48.398333, "fair_value": 46.860962, "relative_strength": -8.369883, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.500579, "energy": 89.787409, "activity_lines": [ 51.008667, 50.102273, 49.648929, 49.14129 ] }, { "date": "2024-03-22", "close": 52.040001, "volume": 53527, "typical_volume": 29736.5, "trend": 48.584167, "fair_value": 46.905321, "relative_strength": -8.981603, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.190486, "energy": 91.111375, "activity_lines": [ 51.588334, 50.539364, 49.915357, 49.376237 ] }, { "date": "2024-03-29", "close": 53.310001, "volume": 11021, "typical_volume": 30095.4, "trend": 48.7875, "fair_value": 46.958718, "relative_strength": -7.565618, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.786251, "energy": 95.549021, "activity_lines": [ 52.346334, 51.163001, 50.284905, 49.681129 ] }, { "date": "2024-04-05", "close": 55.82, "volume": 10552, "typical_volume": 29630.4, "trend": 49.0885, "fair_value": 47.025769, "relative_strength": -0.903755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.206637, "energy": 98.568809, "activity_lines": [ 53.650001, 52.162, 50.863548, 50.134839 ] }, { "date": "2024-04-12", "close": 57.450001, "volume": 49202, "typical_volume": 31753.75, "trend": 49.439833, "fair_value": 47.097628, "relative_strength": 2.815317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.161315, "energy": 98.713005, "activity_lines": [ 55.102667, 53.327001, 51.560286, 50.674291 ] }, { "date": "2024-04-19", "close": 57.419998, "volume": 19321, "typical_volume": 31468.2, "trend": 49.791167, "fair_value": 47.169712, "relative_strength": 2.357111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.430433, "energy": 96.140772, "activity_lines": [ 56.201333, 54.333636, 52.211286, 51.18914 ] }, { "date": "2024-04-26", "close": 55.959999, "volume": 4769, "typical_volume": 30665.0, "trend": 50.152833, "fair_value": 47.233814, "relative_strength": -0.999492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.499392, "energy": 87.653818, "activity_lines": [ 56.451999, 54.916454, 52.686976, 51.587129 ] }, { "date": "2024-05-03", "close": 54.939999, "volume": 4753, "typical_volume": 30315.9, "trend": 50.500667, "fair_value": 47.280705, "relative_strength": -0.805679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.819628, "energy": 67.495693, "activity_lines": [ 56.101332, 55.175727, 53.030095, 51.895978 ] }, { "date": "2024-05-10", "close": 56.639999, "volume": 14910, "typical_volume": 19615.9, "trend": 50.832333, "fair_value": 47.337436, "relative_strength": -0.569011, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.40822, "energy": 67.342763, "activity_lines": [ 56.208666, 55.63509, 53.507905, 52.292064 ] }, { "date": "2024-05-17", "close": 57.639999, "volume": 12334, "typical_volume": 20085.55, "trend": 51.1375, "fair_value": 47.394776, "relative_strength": -0.778021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.107739, "energy": 67.354946, "activity_lines": [ 56.594666, 56.153818, 54.048309, 52.731269 ] }, { "date": "2024-05-24", "close": 55.889999, "volume": 5371, "typical_volume": 19908.0, "trend": 51.398666, "fair_value": 47.43782, "relative_strength": -1.066583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.227732, "energy": 54.67823, "activity_lines": [ 56.384666, 56.25709, 54.385071, 53.037881 ] }, { "date": "2024-05-31", "close": 55.790001, "volume": 13749, "typical_volume": 19502.55, "trend": 51.6485, "fair_value": 47.480256, "relative_strength": -1.057699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.548457, "energy": 49.157561, "activity_lines": [ 56.243333, 56.271454, 54.681881, 53.321193 ] }, { "date": "2024-06-07", "close": 55.220001, "volume": 6555, "typical_volume": 19452.5, "trend": 51.921833, "fair_value": 47.521923, "relative_strength": -2.337458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.870498, "energy": 42.526272, "activity_lines": [ 55.923334, 56.114, 54.894928, 53.551613 ] }, { "date": "2024-06-14", "close": 55.639999, "volume": 16208, "typical_volume": 19336.25, "trend": 52.175833, "fair_value": 47.583429, "relative_strength": 4.440215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.17988, "energy": 31.680225, "activity_lines": [ 55.724667, 55.998181, 55.117666, 53.791494 ] }, { "date": "2024-06-21", "close": 55.599998, "volume": 3653, "typical_volume": 19240.4, "trend": 52.414333, "fair_value": 47.643942, "relative_strength": 2.421025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.426154, "energy": 26.909646, "activity_lines": [ 55.579333, 55.878363, 55.303309, 54.012408 ] }, { "date": "2024-06-28", "close": 55.57, "volume": 4490, "typical_volume": 19194.7, "trend": 52.6065, "fair_value": 47.703878, "relative_strength": 2.828289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.256042, "energy": 23.506404, "activity_lines": [ 55.559999, 55.786727, 55.454857, 54.216 ] }, { "date": "2024-07-05", "close": 56.93, "volume": 7983, "typical_volume": 18551.95, "trend": 52.886833, "fair_value": 47.768462, "relative_strength": 2.789894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.721301, "energy": 39.249901, "activity_lines": [ 56.015333, 55.976, 55.703262, 54.494935 ] }, { "date": "2024-07-12", "close": 57.529999, "volume": 7519, "typical_volume": 16945.85, "trend": 53.163667, "fair_value": 47.836731, "relative_strength": 2.101462, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.699733, "energy": 48.982735, "activity_lines": [ 56.594666, 56.256727, 55.968023, 54.794494 ] }, { "date": "2024-07-19", "close": 57.349998, "volume": 10988, "typical_volume": 17319.35, "trend": 53.415833, "fair_value": 47.905673, "relative_strength": 2.849285, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.473721, "energy": 56.442657, "activity_lines": [ 56.959999, 56.457636, 56.174761, 55.06458 ] }, { "date": "2024-07-26", "close": 56.84, "volume": 28288, "typical_volume": 15075.3, "trend": 53.648, "fair_value": 47.967628, "relative_strength": 3.084955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.60691, "energy": 59.457688, "activity_lines": [ 57.041333, 56.552908, 56.297476, 55.285494 ] }, { "date": "2024-08-02", "close": 57.790001, "volume": 3323, "typical_volume": 14425.8, "trend": 53.924333, "fair_value": 48.046186, "relative_strength": 10.485072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.366066, "energy": 58.517538, "activity_lines": [ 57.356666, 56.835454, 56.489, 55.55272 ] }, { "date": "2024-08-09", "close": 57.869999, "volume": 4912, "typical_volume": 11995.05, "trend": 54.2, "fair_value": 48.123269, "relative_strength": 11.244007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.995978, "energy": 49.382378, "activity_lines": [ 57.550666, 57.097999, 56.660571, 55.807279 ] }, { "date": "2024-08-16", "close": 59.23, "volume": 3268, "typical_volume": 11607.4, "trend": 54.545833, "fair_value": 48.207404, "relative_strength": 9.352955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.229825, "energy": 63.033179, "activity_lines": [ 58.135333, 57.57, 56.933904, 56.131795 ] }, { "date": "2024-08-23", "close": 59.889999, "volume": 7655, "typical_volume": 11462.55, "trend": 54.9205, "fair_value": 48.292083, "relative_strength": 8.401765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.731801, "energy": 82.162974, "activity_lines": [ 58.826666, 58.08909, 57.241904, 56.47658 ] }, { "date": "2024-08-30", "close": 59.580002, "volume": 13884, "typical_volume": 9696.65, "trend": 55.271833, "fair_value": 48.370737, "relative_strength": 5.466707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.206986, "energy": 81.378109, "activity_lines": [ 59.245334, 58.474545, 57.501, 56.777193 ] }, { "date": "2024-09-06", "close": 59.799999, "volume": 7310, "typical_volume": 9096.1, "trend": 55.6415, "fair_value": 48.456763, "relative_strength": 9.11912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.574021, "energy": 83.228568, "activity_lines": [ 59.554667, 58.827636, 57.770904, 57.069333 ] }, { "date": "2024-09-13", "close": 61.240002, "volume": 8880, "typical_volume": 9301.65, "trend": 56.070666, "fair_value": 48.559263, "relative_strength": 10.565139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.467247, "energy": 87.579964, "activity_lines": [ 60.210001, 59.365637, 58.166619, 57.430527 ] }, { "date": "2024-09-20", "close": 62.049999, "volume": 44360, "typical_volume": 11282.0, "trend": 56.5075, "fair_value": 48.667243, "relative_strength": 11.128244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.294844, "energy": 89.102309, "activity_lines": [ 60.910667, 59.972546, 58.614333, 57.81629 ] }, { "date": "2024-09-27", "close": 63.009998, "volume": 68327, "typical_volume": 13952.85, "trend": 56.944333, "fair_value": 48.780545, "relative_strength": 9.435296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.476316, "energy": 91.205815, "activity_lines": [ 61.743333, 60.671818, 59.119619, 58.235806 ] }, { "date": "2024-10-04", "close": 63.09, "volume": 19420, "typical_volume": 14307.15, "trend": 57.304333, "fair_value": 48.894487, "relative_strength": 12.906041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.860018, "energy": 90.870908, "activity_lines": [ 62.394666, 61.282727, 59.60219, 58.632301 ] }, { "date": "2024-10-11", "close": 63.080002, "volume": 22355, "typical_volume": 15156.35, "trend": 57.673666, "fair_value": 49.005801, "relative_strength": 10.302685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.187263, "energy": 88.535015, "activity_lines": [ 62.808667, 61.778182, 60.057857, 59.004925 ] }, { "date": "2024-10-18", "close": 64.449997, "volume": 13117, "typical_volume": 15124.75, "trend": 58.087333, "fair_value": 49.121506, "relative_strength": 9.75591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.636557, "energy": 92.417968, "activity_lines": [ 63.460666, 62.426545, 60.609762, 59.442107 ] }, { "date": "2024-10-25", "close": 64.989998, "volume": 20027, "typical_volume": 15798.35, "trend": 58.476666, "fair_value": 49.244583, "relative_strength": 11.898661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.088858, "energy": 92.619326, "activity_lines": [ 64.078665, 63.053454, 61.171857, 59.88744 ] }, { "date": "2024-11-01", "close": 65.019997, "volume": 12818, "typical_volume": 15628.85, "trend": 58.783333, "fair_value": 49.361827, "relative_strength": 12.026967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.381839, "energy": 90.436902, "activity_lines": [ 64.510665, 63.58109, 61.690285, 60.309591 ] }, { "date": "2024-11-08", "close": 63.610001, "volume": 22534, "typical_volume": 16572.9, "trend": 58.988666, "fair_value": 49.462308, "relative_strength": 12.083522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.721627, "energy": 69.373927, "activity_lines": [ 64.338666, 63.75909, 62.029761, 60.620989 ] }, { "date": "2024-11-15", "close": 60.709999, "volume": 23730, "typical_volume": 17534.9, "trend": 59.098333, "fair_value": 49.544775, "relative_strength": 5.621655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.995911, "energy": 49.113487, "activity_lines": [ 63.165332, 63.336544, 62.054904, 60.732042 ] }, { "date": "2024-11-22", "close": 63.93, "volume": 17664, "typical_volume": 18018.95, "trend": 59.363999, "fair_value": 49.658205, "relative_strength": 13.198078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.949353, "energy": 40.925481, "activity_lines": [ 63.223333, 63.482908, 62.362238, 61.043763 ] }, { "date": "2024-11-29", "close": 62.93, "volume": 17917, "typical_volume": 18538.85, "trend": 59.630333, "fair_value": 49.768654, "relative_strength": 11.415742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.332725, "energy": 25.460433, "activity_lines": [ 62.982666, 63.398545, 62.540999, 61.273827 ] }, { "date": "2024-12-06", "close": 62.389999, "volume": 13691, "typical_volume": 18674.0, "trend": 59.822, "fair_value": 49.874327, "relative_strength": 5.975529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.069556, "energy": 24.688091, "activity_lines": [ 62.699333, 63.199999, 62.642618, 61.45187 ] }, { "date": "2024-12-13", "close": 62.860001, "volume": 5961, "typical_volume": 17557.65, "trend": 59.996, "fair_value": 49.980096, "relative_strength": 6.130326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.085841, "energy": 24.546281, "activity_lines": [ 62.748, 63.098181, 62.765, 61.647871 ] }, { "date": "2024-12-20", "close": 61.939999, "volume": 28194, "typical_volume": 18801.2, "trend": 60.197666, "fair_value": 50.080673, "relative_strength": 7.817913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.81121, "energy": 17.06752, "activity_lines": [ 62.54, 62.833272, 62.771095, 61.77329 ] }, { "date": "2024-12-27", "close": 61.740002, "volume": 2736, "typical_volume": 18692.4, "trend": 60.396, "fair_value": 50.178045, "relative_strength": 6.030445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.077856, "energy": 13.228837, "activity_lines": [ 62.183334, 62.552727, 62.738381, 61.872795 ] }, { "date": "2025-01-03", "close": 62.330002, "volume": 4641, "typical_volume": 18761.05, "trend": 60.633, "fair_value": 50.282949, "relative_strength": 6.905657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.634434, "energy": 11.509262, "activity_lines": [ 62.169334, 62.428728, 62.743429, 61.99757 ] }, { "date": "2025-01-10", "close": 63.439999, "volume": 42824, "typical_volume": 20519.5, "trend": 60.893, "fair_value": 50.390673, "relative_strength": 5.612275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.006365, "energy": 15.918963, "activity_lines": [ 62.565334, 62.554909, 62.839428, 62.178666 ] }, { "date": "2025-01-17", "close": 64.010002, "volume": 8434, "typical_volume": 20247.0, "trend": 61.173333, "fair_value": 50.499551, "relative_strength": 2.92465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.427022, "energy": 24.800822, "activity_lines": [ 63.081334, 62.813455, 62.97281, 62.379763 ] }, { "date": "2025-01-24", "close": 65.43, "volume": 17537, "typical_volume": 20758.35, "trend": 61.502, "fair_value": 50.625705, "relative_strength": 5.159733, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.303672, "energy": 53.063144, "activity_lines": [ 63.994001, 63.32291, 63.220333, 62.654387 ] }, { "date": "2025-01-31", "close": 66.129997, "volume": 16082, "typical_volume": 21118.45, "trend": 61.808666, "fair_value": 50.753077, "relative_strength": 5.239855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.111749, "energy": 69.716555, "activity_lines": [ 64.907333, 63.873818, 63.507714, 62.952968 ] }, { "date": "2025-02-07", "close": 67.589996, "volume": 150278, "typical_volume": 26414.35, "trend": 62.144, "fair_value": 50.884872, "relative_strength": 5.561097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.587091, "energy": 81.428902, "activity_lines": [ 66.014665, 64.650181, 63.910857, 63.325957 ] }, { "date": "2025-02-14", "close": 68.110001, "volume": 26130, "typical_volume": 24304.5, "trend": 62.502666, "fair_value": 51.010256, "relative_strength": 3.480711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.394989, "energy": 87.689414, "activity_lines": [ 66.944665, 65.436363, 64.337142, 63.71086 ] }, { "date": "2025-02-21", "close": 69.050003, "volume": 30367, "typical_volume": 24851.85, "trend": 62.909666, "fair_value": 51.143045, "relative_strength": 3.354684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.646722, "energy": 93.356738, "activity_lines": [ 67.876667, 66.289455, 64.828667, 64.133269 ] }, { "date": "2025-02-28", "close": 66.989998, "volume": 20524, "typical_volume": 24760.3, "trend": 63.216333, "fair_value": 51.250224, "relative_strength": -0.575147, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.0436, "energy": 83.552572, "activity_lines": [ 67.786, 66.655454, 65.095619, 64.396516 ] }, { "date": "2025-03-07", "close": 68.559998, "volume": 36777, "typical_volume": 25943.3, "trend": 63.572666, "fair_value": 51.36375, "relative_strength": 1.68165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.398606, "energy": 79.740803, "activity_lines": [ 68.114666, 67.21509, 65.493476, 64.741268 ] }, { "date": "2025-03-14", "close": 70.169998, "volume": 18957, "typical_volume": 25889.8, "trend": 63.937333, "fair_value": 51.496474, "relative_strength": 3.579676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.548759, "energy": 76.00483, "activity_lines": [ 68.817999, 67.943454, 66.025095, 65.166903 ] }, { "date": "2025-03-21", "close": 70.800003, "volume": 70277, "typical_volume": 28762.75, "trend": 64.301, "fair_value": 51.629167, "relative_strength": 3.15179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.684095, "energy": 69.151203, "activity_lines": [ 69.559333, 68.643818, 66.592047, 65.609656 ] }, { "date": "2025-03-28", "close": 72.330002, "volume": 32909, "typical_volume": 29281.5, "trend": 64.726, "fair_value": 51.77641, "relative_strength": 5.803483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.30739, "energy": 90.590183, "activity_lines": [ 70.631334, 69.488546, 67.27719, 66.127656 ] }, { "date": "2025-04-04", "close": 71.029999, "volume": 73963, "typical_volume": 31793.15, "trend": 65.100333, "fair_value": 51.912564, "relative_strength": 15.651368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.137667, "energy": 82.656692, "activity_lines": [ 71.051334, 69.945636, 67.797, 66.534365 ] }, { "date": "2025-04-11", "close": 75.879997, "volume": 98659, "typical_volume": 35842.9, "trend": 65.588333, "fair_value": 52.076731, "relative_strength": 25.085776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.032536, "energy": 92.154101, "activity_lines": [ 72.818666, 71.182727, 68.729571, 67.229828 ] }, { "date": "2025-04-18", "close": 77.25, "volume": 65158, "typical_volume": 38204.95, "trend": 66.095, "fair_value": 52.255288, "relative_strength": 19.848098, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.028931, "energy": 92.873396, "activity_lines": [ 74.554666, 72.491636, 69.735714, 67.982193 ] }, { "date": "2025-04-25", "close": 76.470001, "volume": 232788, "typical_volume": 49159.8, "trend": 66.543666, "fair_value": 52.433301, "relative_strength": 13.787216, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.2052, "energy": 75.780762, "activity_lines": [ 75.558666, 73.483091, 70.599381, 68.651548 ] }, { "date": "2025-05-02", "close": 75.889999, "volume": 27091, "typical_volume": 50216.3, "trend": 66.970333, "fair_value": 52.609968, "relative_strength": 9.631091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.538222, "energy": 75.285312, "activity_lines": [ 75.991333, 74.217091, 71.340762, 69.254537 ] }, { "date": "2025-05-09", "close": 77.949997, "volume": 31517, "typical_volume": 50382.45, "trend": 67.465999, "fair_value": 52.813141, "relative_strength": 9.224649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.833385, "energy": 72.129274, "activity_lines": [ 76.873332, 75.201272, 72.216285, 69.962903 ] }, { "date": "2025-05-16", "close": 74.099998, "volume": 66790, "typical_volume": 53585.15, "trend": 67.787666, "fair_value": 52.98641, "relative_strength": 0.338861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.870293, "energy": 58.793424, "activity_lines": [ 76.010665, 75.286181, 72.648904, 70.390903 ] }, { "date": "2025-05-23", "close": 78.230003, "volume": 149733, "typical_volume": 60839.75, "trend": 68.229, "fair_value": 53.184904, "relative_strength": 8.68475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.751056, "energy": 59.756187, "activity_lines": [ 76.643333, 76.021272, 73.416, 71.064602 ] }, { "date": "2025-05-30", "close": 76.559998, "volume": 30346, "typical_volume": 60215.85, "trend": 68.613666, "fair_value": 53.373045, "relative_strength": 4.418793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.685446, "energy": 52.282921, "activity_lines": [ 76.653999, 76.306181, 73.948333, 71.602086 ] }, { "date": "2025-06-06", "close": 77.5, "volume": 31036, "typical_volume": 61345.95, "trend": 69.076666, "fair_value": 53.565673, "relative_strength": 4.014992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.195253, "energy": 49.376354, "activity_lines": [ 76.972, 76.657272, 74.507714, 72.175397 ] }, { "date": "2025-06-13", "close": 79.620003, "volume": 29789, "typical_volume": 61958.55, "trend": 69.707, "fair_value": 53.775449, "relative_strength": 9.648983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.026303, "energy": 58.056359, "activity_lines": [ 77.889334, 77.299818, 75.204762, 72.855613 ] }, { "date": "2025-06-20", "close": 78.290001, "volume": 43203, "typical_volume": 63314.6, "trend": 70.185667, "fair_value": 53.978814, "relative_strength": 8.020743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.541796, "energy": 50.953513, "activity_lines": [ 78.252001, 77.544364, 75.707571, 73.409355 ] }, { "date": "2025-06-27", "close": 76.029999, "volume": 31638, "typical_volume": 57382.6, "trend": 70.622333, "fair_value": 54.171634, "relative_strength": 3.29886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.421308, "energy": 43.730753, "activity_lines": [ 77.582, 77.334182, 75.937238, 73.786408 ] }, { "date": "2025-07-04", "close": 77.360001, "volume": 26449, "typical_volume": 57398.55, "trend": 71.121333, "fair_value": 54.383461, "relative_strength": 5.121355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.313204, "energy": 39.522321, "activity_lines": [ 77.502001, 77.388, 76.253381, 74.221097 ] }, { "date": "2025-07-11", "close": 78.089996, "volume": 18753, "typical_volume": 56817.85, "trend": 71.629, "fair_value": 54.606154, "relative_strength": 4.597517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.002671, "energy": 37.646176, "activity_lines": [ 77.611999, 77.558363, 76.595, 74.670688 ] }, { "date": "2025-07-18", "close": 77.769997, "volume": 15266, "typical_volume": 56554.95, "trend": 72.156666, "fair_value": 54.823045, "relative_strength": 3.294342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.403031, "energy": 29.977741, "activity_lines": [ 77.575998, 77.630545, 76.863095, 75.066881 ] }, { "date": "2025-07-25", "close": 77.18, "volume": 43637, "typical_volume": 56897.95, "trend": 72.671333, "fair_value": 55.030961, "relative_strength": 1.245496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.957136, "energy": 30.560767, "activity_lines": [ 77.466665, 77.598727, 77.023666, 75.390967 ] }, { "date": "2025-08-01", "close": 77.550003, "volume": 18773, "typical_volume": 56888.75, "trend": 73.178666, "fair_value": 55.239968, "relative_strength": 3.579672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.489383, "energy": 28.192902, "activity_lines": [ 77.554667, 77.578182, 77.178428, 75.70572 ] }, { "date": "2025-08-08", "close": 78.510002, "volume": 31036, "typical_volume": 54926.7, "trend": 73.681, "fair_value": 55.451987, "relative_strength": 0.55961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.647021, "energy": 34.804834, "activity_lines": [ 77.861334, 77.744546, 77.389476, 76.049677 ] }, { "date": "2025-08-15", "close": 77.220001, "volume": 23464, "typical_volume": 54454.45, "trend": 74.121333, "fair_value": 55.663461, "relative_strength": -3.498654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.310253, "energy": 29.408564, "activity_lines": [ 77.661335, 77.640909, 77.440952, 76.278 ] }, { "date": "2025-08-22", "close": 78.029999, "volume": 20959, "typical_volume": 51804.25, "trend": 74.541333, "fair_value": 55.882275, "relative_strength": -3.984932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.878889, "energy": 32.080461, "activity_lines": [ 77.789334, 77.689636, 77.546286, 76.530172 ] }, { "date": "2025-08-29", "close": 79.550003, "volume": 103353, "typical_volume": 52038.95, "trend": 74.988667, "fair_value": 56.114711, "relative_strength": 0.313475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.414825, "energy": 44.798702, "activity_lines": [ 78.406668, 78.043637, 77.763048, 76.853312 ] }, { "date": "2025-09-05", "close": 82.849998, "volume": 71017, "typical_volume": 52331.9, "trend": 75.497333, "fair_value": 56.368237, "relative_strength": 5.740328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.327559, "energy": 75.101343, "activity_lines": [ 79.966, 78.974728, 78.276619, 77.360495 ] }, { "date": "2025-09-12", "close": 84.139999, "volume": 57429, "typical_volume": 43563.95, "trend": 76.031667, "fair_value": 56.627532, "relative_strength": 4.806818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.342274, "energy": 91.24993, "activity_lines": [ 81.602, 80.016364, 78.886381, 77.918086 ] }, { "date": "2025-09-19", "close": 84.620003, "volume": 56227, "typical_volume": 45020.75, "trend": 76.550667, "fair_value": 56.90407, "relative_strength": 5.862561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.833423, "energy": 94.170526, "activity_lines": [ 83.022667, 81.022001, 79.505334, 78.472172 ] }, { "date": "2025-09-26", "close": 87.050003, "volume": 72050, "typical_volume": 47047.4, "trend": 77.219333, "fair_value": 57.192051, "relative_strength": 7.800793, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.59346, "energy": 97.098683, "activity_lines": [ 84.760002, 82.350728, 80.314143, 79.149549 ] }, { "date": "2025-10-03", "close": 89.510002, "volume": 133214, "typical_volume": 50368.6, "trend": 77.917667, "fair_value": 57.49157, "relative_strength": 9.067181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.813439, "energy": 97.990704, "activity_lines": [ 86.716002, 83.958001, 81.313906, 79.942495 ] }, { "date": "2025-10-10", "close": 92.419998, "volume": 103278, "typical_volume": 48045.85, "trend": 78.659334, "fair_value": 57.818654, "relative_strength": 15.433168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.254644, "energy": 98.546832, "activity_lines": [ 88.978001, 85.870183, 82.517429, 80.878129 ] }, { "date": "2025-10-17", "close": 97.900002, "volume": 145438, "typical_volume": 53800.45, "trend": 79.562667, "fair_value": 58.181731, "relative_strength": 22.491407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.233203, "energy": 99.242137, "activity_lines": [ 92.428668, 88.508365, 84.175286, 82.119463 ] }, { "date": "2025-10-24", "close": 95.260002, "volume": 179582, "typical_volume": 61227.75, "trend": 80.327, "fair_value": 58.528237, "relative_strength": 16.705504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.397823, "energy": 91.020065, "activity_lines": [ 94.082001, 90.314001, 85.480096, 83.132194 ] }, { "date": "2025-10-31", "close": 91.550003, "volume": 119466, "typical_volume": 65711.6, "trend": 81.011, "fair_value": 58.846378, "relative_strength": 10.102571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.290012, "energy": 68.274747, "activity_lines": [ 93.789335, 91.117092, 86.347001, 83.856259 ] }, { "date": "2025-11-07", "close": 92.0, "volume": 76400, "typical_volume": 67371.45, "trend": 81.548334, "fair_value": 59.153622, "relative_strength": 11.015192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.428191, "energy": 66.673908, "activity_lines": [ 93.346668, 91.756183, 87.199953, 84.565227 ] }, { "date": "2025-11-14", "close": 94.120003, "volume": 96866, "typical_volume": 70632.85, "trend": 82.110667, "fair_value": 59.475192, "relative_strength": 10.393143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.899296, "energy": 63.427205, "activity_lines": [ 93.444669, 92.554365, 88.189525, 85.376302 ] }, { "date": "2025-11-21", "close": 93.339996, "volume": 87313, "typical_volume": 73676.05, "trend": 82.673, "fair_value": 59.792981, "relative_strength": 12.586996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.013717, "energy": 53.827616, "activity_lines": [ 93.169333, 93.005819, 89.018667, 86.100775 ] }, { "date": "2025-11-28", "close": 96.519997, "volume": 109024, "typical_volume": 78189.6, "trend": 83.360667, "fair_value": 60.125, "relative_strength": 14.169107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.115229, "energy": 60.164524, "activity_lines": [ 94.257999, 93.868182, 90.074572, 86.994129 ] }, { "date": "2025-12-05", "close": 96.620003, "volume": 88799, "typical_volume": 81866.25, "trend": 83.983, "fair_value": 60.455994, "relative_strength": 13.606544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.171938, "energy": 61.749074, "activity_lines": [ 95.296, 94.532364, 91.052239, 87.84957 ] }, { "date": "2025-12-12", "close": 98.089996, "volume": 49140, "typical_volume": 82141.4, "trend": 84.782667, "fair_value": 60.798878, "relative_strength": 14.61095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.925061, "energy": 63.139258, "activity_lines": [ 96.485999, 95.289818, 92.080143, 88.759699 ] }, { "date": "2025-12-19", "close": 99.480003, "volume": 94502, "typical_volume": 85927.85, "trend": 85.491, "fair_value": 61.148718, "relative_strength": 12.57711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.631213, "energy": 71.375726, "activity_lines": [ 97.733333, 96.144, 93.140858, 89.707914 ] }, { "date": "2025-12-26", "close": 102.089996, "volume": 36768, "typical_volume": 86214.45, "trend": 86.342, "fair_value": 61.513269, "relative_strength": 15.380857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.1989, "energy": 80.388372, "activity_lines": [ 99.493332, 97.344363, 94.345714, 90.778817 ] }, { "date": "2026-01-02", "close": 98.849998, "volume": 76866, "typical_volume": 88884.55, "trend": 87.053667, "fair_value": 61.854679, "relative_strength": 9.456806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.547226, "energy": 60.567659, "activity_lines": [ 99.589999, 97.879453, 95.129714, 91.585785 ] }, { "date": "2026-01-09", "close": 102.980003, "volume": 74902, "typical_volume": 91581.7, "trend": 87.832334, "fair_value": 62.209904, "relative_strength": 12.685492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.343223, "energy": 65.850728, "activity_lines": [ 100.908, 99.100181, 96.204048, 92.613291 ] }, { "date": "2026-01-16", "close": 104.949997, "volume": 147706, "typical_volume": 93799.35, "trend": 88.721, "fair_value": 62.576026, "relative_strength": 14.060222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.382995, "energy": 80.751509, "activity_lines": [ 102.458666, 100.471272, 97.34719, 93.717656 ] }, { "date": "2026-01-23", "close": 113.800003, "volume": 186194, "typical_volume": 99558.2, "trend": 89.98, "fair_value": 62.998173, "relative_strength": 25.470978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.062559, "energy": 94.851316, "activity_lines": [ 106.502, 103.216, 99.212238, 95.335656 ] }, { "date": "2026-01-30", "close": 113.639999, "volume": 359149, "typical_volume": 114644.2, "trend": 91.189334, "fair_value": 63.429808, "relative_strength": 22.586062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.918831, "energy": 93.553307, "activity_lines": [ 109.537333, 105.573818, 100.914667, 96.862108 ] }, { "date": "2026-02-06", "close": 112.519997, "volume": 282591, "typical_volume": 125962.4, "trend": 92.337, "fair_value": 63.855545, "relative_strength": 19.740957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.766171, "energy": 85.505032, "activity_lines": [ 111.429332, 107.358908, 102.369952, 98.238279 ] }, { "date": "2026-02-13", "close": 114.339996, "volume": 109851, "typical_volume": 127852.45, "trend": 93.556, "fair_value": 64.297019, "relative_strength": 22.043411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.274383, "energy": 80.590619, "activity_lines": [ 113.016665, 109.183999, 103.865713, 99.657828 ] }, { "date": "2026-02-20", "close": 115.050003, "volume": 49032, "typical_volume": 123643.35, "trend": 94.818334, "fair_value": 64.746763, "relative_strength": 19.293123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.943641, "energy": 68.271715, "activity_lines": [ 114.083333, 110.815999, 105.299142, 101.044537 ] }, { "date": "2026-02-27", "close": 119.07, "volume": 60806, "typical_volume": 121519.75, "trend": 96.202333, "fair_value": 65.217308, "relative_strength": 20.651748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.826796, "energy": 70.851169, "activity_lines": [ 115.816666, 112.870545, 106.993809, 102.609161 ] }, { "date": "2026-03-06", "close": 115.07, "volume": 152584, "typical_volume": 121877.05, "trend": 97.421, "fair_value": 65.660705, "relative_strength": 23.729872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.768936, "energy": 60.90294, "activity_lines": [ 115.865333, 113.841636, 108.180619, 103.82643 ] }, { "date": "2026-03-13", "close": 114.599998, "volume": 51745, "typical_volume": 115485.2, "trend": 98.667, "fair_value": 66.08532, "relative_strength": 21.908013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.16579, "energy": 55.852412, "activity_lines": [ 115.661999, 114.491272, 109.240904, 104.934752 ] }, { "date": "2026-03-20", "close": 103.970001, "volume": 207465, "typical_volume": 119885.15, "trend": 99.531667, "fair_value": 66.437436, "relative_strength": 13.778156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.572333, "energy": 32.111842, "activity_lines": [ 111.776667, 112.921818, 109.196714, 105.276881 ] }, { "date": "2026-03-27", "close": 102.720001, "volume": 169893, "typical_volume": 124559.8, "trend": 100.304, "fair_value": 66.783013, "relative_strength": 10.517033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.437748, "energy": 19.079303, "activity_lines": [ 108.166, 111.107091, 108.974333, 105.48258 ] }, { "date": "2026-04-03", "close": 105.900002, "volume": 44006, "typical_volume": 121916.8, "trend": 101.072333, "fair_value": 67.144134, "relative_strength": 8.066565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.60095, "energy": 23.014373, "activity_lines": [ 106.437334, 109.911091, 109.003762, 105.843613 ] }, { "date": "2026-04-10", "close": 108.18, "volume": 44347, "typical_volume": 119768.5, "trend": 101.873667, "fair_value": 67.521731, "relative_strength": 5.752734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.541838, "energy": 22.423288, "activity_lines": [ 106.346667, 109.273273, 109.194238, 106.302172 ] }, { "date": "2026-04-17", "close": 110.150002, "volume": 33991, "typical_volume": 116016.85, "trend": 102.724667, "fair_value": 67.915673, "relative_strength": 4.801908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.886358, "energy": 15.046984, "activity_lines": [ 107.372001, 109.09291, 109.501667, 106.836129 ] }, { "date": "2026-04-24", "close": 106.809998, "volume": 16766, "typical_volume": 112415.2, "trend": 103.383333, "fair_value": 68.28641, "relative_strength": 4.030488, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.947274, "energy": 8.752468, "activity_lines": [ 107.580667, 108.348364, 109.426095, 107.099699 ] }, { "date": "2026-05-01", "close": 104.529999, "volume": 48703, "typical_volume": 112393.35, "trend": 103.884, "fair_value": 68.639199, "relative_strength": 0.397575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.586002, "energy": 5.218425, "activity_lines": [ 106.84, 107.326182, 109.084857, 107.173677 ] }, { "date": "2026-05-08", "close": 106.449997, "volume": 34886, "typical_volume": 109412.55, "trend": 104.351666, "fair_value": 69.004776, "relative_strength": -0.083919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.700533, "energy": 8.559183, "activity_lines": [ 106.618665, 106.844363, 108.895809, 107.339225 ] }, { "date": "2026-05-15", "close": 102.639999, "volume": 18690, "typical_volume": 108508.65, "trend": 104.509666, "fair_value": 69.351699, "relative_strength": -3.548002, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.690681, "energy": 21.908494, "activity_lines": [ 105.090665, 105.899272, 108.310714, 107.228795 ] }, { "date": "2026-05-22", "close": 101.959999, "volume": 23145, "typical_volume": 105822.6, "trend": 104.733, "fair_value": 69.699583, "relative_strength": -5.016809, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.915613, "energy": 38.993001, "activity_lines": [ 103.705332, 105.056545, 107.658238, 107.064301 ] }, { "date": "2026-05-29", "close": 103.279999, "volume": 44927, "typical_volume": 104323.85, "trend": 105.124, "fair_value": 70.052788, "relative_strength": -4.928598, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.299134, "energy": 35.136551, "activity_lines": [ 103.305999, 104.683635, 107.116666, 106.970559 ] }, { "date": "2026-06-05", "close": 98.0, "volume": 6510, "typical_volume": 97264.05, "trend": 105.323999, "fair_value": 70.372404, "relative_strength": -9.572981, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.198098, "energy": 56.670264, "activity_lines": [ 101.381999, 103.363272, 106.070809, 106.510946 ] }, { "date": "2026-06-12", "close": 95.080002, "volume": 14313, "typical_volume": 88670.0, "trend": 105.355999, "fair_value": 70.67407, "relative_strength": -14.869978, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.663982, "energy": 65.649251, "activity_lines": [ 98.92, 101.597818, 104.779952, 105.850043 ] }, { "date": "2026-06-19", "close": 93.410004, "volume": 8782, "typical_volume": 71151.65, "trend": 105.358333, "fair_value": 70.971058, "relative_strength": -18.339604, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.627929, "energy": 85.741103, "activity_lines": [ 96.659335, 99.725455, 103.419191, 105.079333 ] }, { "date": "2026-06-26", "close": 91.839996, "volume": 9931, "typical_volume": 57518.65, "trend": 105.202333, "fair_value": 71.258846, "relative_strength": -17.141841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.992187, "energy": 92.414972, "activity_lines": [ 94.490667, 97.836182, 102.005238, 104.207183 ] }, { "date": "2026-07-03", "close": 93.739998, "volume": 3340, "typical_volume": 52193.1, "trend": 105.106333, "fair_value": 71.557083, "relative_strength": -17.785928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.701366, "energy": 87.197045, "activity_lines": [ 93.629999, 96.625272, 100.870714, 103.467677 ] }, { "date": "2026-07-10", "close": 92.160004, "volume": 68392, "typical_volume": 53161.1, "trend": 104.908666, "fair_value": 71.840737, "relative_strength": -18.714191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.070807, "energy": 88.217396, "activity_lines": [ 92.878667, 95.364728, 99.68381, 102.63243 ] }, { "date": "2026-07-17", "close": 90.120003, "volume": 258641, "typical_volume": 63052.85, "trend": 104.596666, "fair_value": 72.111218, "relative_strength": -19.25353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.011689, "energy": 88.833612, "activity_lines": [ 91.836668, 93.958183, 98.411619, 101.678323 ] }, { "date": "2026-07-24", "close": 91.489998, "volume": 89969, "typical_volume": 59922.1, "trend": 104.243333, "fair_value": 72.39032, "relative_strength": -17.804679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.347994, "energy": 73.11934, "activity_lines": [ 91.582, 93.097637, 97.407762, 100.832731 ] }, { "date": "2026-07-31", "close": 90.699997, "volume": 101388, "typical_volume": 62404.25, "trend": 103.971666, "fair_value": 72.667981, "relative_strength": -18.946552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.03676, "energy": 65.835928, "activity_lines": [ 91.191999, 92.296182, 96.440952, 99.958968 ] }, { "date": "2026-08-07", "close": 97.620003, "volume": 100152, "typical_volume": 57038.6, "trend": 103.793, "fair_value": 72.994038, "relative_strength": -15.217668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.650656, "energy": 49.167125, "activity_lines": [ 93.184667, 92.957637, 96.247, 99.549183 ] } ], "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." } } }