{ "ticker": { "uuid": "f129e996-96d4-4855-a056-a785e3f8d52e", "symbol": "IH2O", "name": "iShares Global Water UCITS ETF USD (Dist)", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 85.289, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 38.638, "architecture_energy": 38.184, "architecture_maturity": 10.419, "architecture_confidence": 68.768, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 35.66, "rotation_up": 64.52, "upward_expansion": 45.37, "deceleration": 26.66, "rotation_down": 16.57, "downward_expansion": 18.04 }, "activity_lines": [ 77.342001, 76.874001, 76.037988, 76.084954 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 78.720001, "trend_reference": 76.409626, "distance_from_trend": 0.030237, "trend_direction": "Improving", "fair_value": 67.732864, "distance_from_fair_value": 0.162213, "fair_value_direction": "Improving", "relative_strength": -6.224791, "relative_strength_direction": "Weakening", "price_momentum": 0.002463, "excess_performance": -0.08042, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030237, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007196, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.162213, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019748, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.062248, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.04039, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.002463, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.84688, "read": "Supply-led" } ], "volume": { "latest": 20657, "relative_activity": 1.286067, "balance": 0.84688, "dry_up": 0.824687, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.022158, "annualized_volatility": 0.158018, "from_high_reference": -0.028023, "from_low_reference": 0.099982 }, "levels": { "trend_reference": 76.409626, "fair_value_reference": 67.732864, "structural_low": 71.56478, "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": 5, "median_return": -0.007255, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.011421, "regime_survival": 0.2, "best_return": 0.02522, "worst_return": -0.104386, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.033672, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.007284, "regime_survival": 0.0, "best_return": 0.077724, "worst_return": -0.03197, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.076588, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.008791, "regime_survival": 0.0, "best_return": 0.109543, "worst_return": 0.017716, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.098805, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.027618, "regime_survival": 0.0, "best_return": 0.182119, "worst_return": -0.000855, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-12-13", "tenure": "Developing", "return": 0.005795, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.036124, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-28", "tenure": "Developing", "return": 0.016, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-05-02", "tenure": "Developing", "return": 0.047761, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.01363, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-26", "tenure": "Established", "return": 0.052863, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": 0.017014, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-14", "tenure": "New", "return": 0.015853, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-01-16", "tenure": "Developing", "return": 0.053384, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-05-08", "tenure": "Established", "return": -0.021934, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.001433, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": 0.003005, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": 0.040708, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.010137, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 55.845695, "volume": 18133, "typical_volume": 13654.25, "trend": 56.899509, "fair_value": 55.96664, "relative_strength": 3.810786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.464597, "energy": 11.536793, "activity_lines": [ 57.699524, 58.18267, 57.909916, 57.418168 ] }, { "date": "2023-08-25", "close": 56.009209, "volume": 4087, "typical_volume": 12677.95, "trend": 56.88632, "fair_value": 56.040875, "relative_strength": 2.946755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -5.402798, "energy": 22.477533, "activity_lines": [ 56.895407, 57.754553, 57.764452, 57.360729 ] }, { "date": "2023-09-01", "close": 57.038406, "volume": 11560, "typical_volume": 12876.35, "trend": 56.850618, "fair_value": 56.123455, "relative_strength": 3.537843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.915725, "energy": 27.292858, "activity_lines": [ 56.708165, 57.570051, 57.715424, 57.370541 ] }, { "date": "2023-09-08", "close": 55.595612, "volume": 8640, "typical_volume": 12851.95, "trend": 56.822047, "fair_value": 56.195394, "relative_strength": 1.990946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.317312, "energy": 36.473812, "activity_lines": [ 56.245189, 57.136339, 57.527476, 57.289573 ] }, { "date": "2023-09-15", "close": 55.913029, "volume": 22584, "typical_volume": 13527.65, "trend": 56.789692, "fair_value": 56.264388, "relative_strength": 0.184584, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.844689, "energy": 44.94386, "activity_lines": [ 56.061795, 56.810006, 57.375937, 57.230927 ] }, { "date": "2023-09-22", "close": 54.085491, "volume": 10777, "typical_volume": 13704.1, "trend": 56.751961, "fair_value": 56.329285, "relative_strength": -1.567867, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.979058, "energy": 59.3539, "activity_lines": [ 55.396829, 56.175528, 57.053784, 57.056462 ] }, { "date": "2023-09-29", "close": 53.094769, "volume": 7041, "typical_volume": 13568.8, "trend": 56.665566, "fair_value": 56.377842, "relative_strength": -3.036504, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.148185, "energy": 70.976751, "activity_lines": [ 54.518968, 55.451857, 56.652698, 56.820514 ] }, { "date": "2023-10-06", "close": 51.209522, "volume": 24685, "typical_volume": 14446.1, "trend": 56.554634, "fair_value": 56.403319, "relative_strength": -5.441397, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.888762, "energy": 91.764441, "activity_lines": [ 53.206989, 54.51308, 56.091704, 56.468512 ] }, { "date": "2023-10-13", "close": 52.710033, "volume": 7348, "typical_volume": 14245.7, "trend": 56.528832, "fair_value": 56.436754, "relative_strength": -3.366947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.839853, "energy": 86.474177, "activity_lines": [ 52.783771, 54.009066, 55.701188, 56.220473 ] }, { "date": "2023-10-20", "close": 51.517319, "volume": 7205, "typical_volume": 14064.7, "trend": 56.476681, "fair_value": 56.463374, "relative_strength": -0.686983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.030873, "energy": 90.437182, "activity_lines": [ 52.155355, 53.388053, 55.209082, 55.897149 ] }, { "date": "2023-10-27", "close": 50.632408, "volume": 6410, "typical_volume": 13594.65, "trend": 56.284584, "fair_value": 56.498696, "relative_strength": -2.229988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.20904, "energy": 91.104465, "activity_lines": [ 51.525015, 52.720871, 54.655965, 55.5201 ] }, { "date": "2023-11-03", "close": 53.729603, "volume": 5803, "typical_volume": 13230.6, "trend": 56.219669, "fair_value": 56.533925, "relative_strength": 1.06698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.045008, "energy": 57.966847, "activity_lines": [ 52.157279, 52.711603, 54.43286, 55.355262 ] }, { "date": "2023-11-10", "close": 53.402569, "volume": 2937, "typical_volume": 12402.2, "trend": 56.109058, "fair_value": 56.559165, "relative_strength": 0.602284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.377324, "energy": 49.712536, "activity_lines": [ 52.63821, 52.684321, 54.204257, 55.173514 ] }, { "date": "2023-11-17", "close": 55.963478, "volume": 13131, "typical_volume": 12138.3, "trend": 56.078065, "fair_value": 56.600643, "relative_strength": 3.515347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.461443, "energy": 21.234887, "activity_lines": [ 53.826574, 53.188765, 54.2403, 55.164121 ] }, { "date": "2023-11-24", "close": 56.516331, "volume": 9925, "typical_volume": 11778.05, "trend": 56.07412, "fair_value": 56.643277, "relative_strength": 3.093031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.426824, "energy": 24.37465, "activity_lines": [ 54.982326, 53.787039, 54.340251, 55.192397 ] }, { "date": "2023-12-01", "close": 57.263157, "volume": 8799, "typical_volume": 10909.4, "trend": 56.072085, "fair_value": 56.687654, "relative_strength": 4.264307, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 4.37989, "energy": 28.640219, "activity_lines": [ 56.053752, 54.510131, 54.514777, 55.269109 ] }, { "date": "2023-12-08", "close": 57.777203, "volume": 50426, "typical_volume": 12696.7, "trend": 56.090696, "fair_value": 56.737714, "relative_strength": 3.335125, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.06525, "energy": 46.894819, "activity_lines": [ 56.854477, 55.26891, 54.746945, 55.379116 ] }, { "date": "2023-12-15", "close": 59.901291, "volume": 8812, "typical_volume": 12584.85, "trend": 56.187409, "fair_value": 56.794286, "relative_strength": 5.821373, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.507964, "energy": 71.897965, "activity_lines": [ 58.093392, 56.328751, 55.192546, 55.624961 ] }, { "date": "2023-12-22", "close": 60.376545, "volume": 30139, "typical_volume": 13359.1, "trend": 56.358957, "fair_value": 56.853607, "relative_strength": 6.837667, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.296232, "energy": 78.046725, "activity_lines": [ 59.057476, 57.316971, 55.684434, 55.895228 ] }, { "date": "2023-12-29", "close": 60.328053, "volume": 4731, "typical_volume": 13158.65, "trend": 56.489773, "fair_value": 56.908318, "relative_strength": 6.721836, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.017988, "energy": 80.818498, "activity_lines": [ 59.711192, 58.156982, 56.161349, 56.151299 ] }, { "date": "2024-01-05", "close": 58.824699, "volume": 2471, "typical_volume": 12375.55, "trend": 56.517574, "fair_value": 56.937993, "relative_strength": 3.465906, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.430094, "energy": 73.990626, "activity_lines": [ 59.609675, 58.563461, 56.483179, 56.301939 ] }, { "date": "2024-01-12", "close": 59.222359, "volume": 9794, "typical_volume": 12660.9, "trend": 56.521118, "fair_value": 56.97338, "relative_strength": 3.679869, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.394868, "energy": 66.348288, "activity_lines": [ 59.536609, 58.893291, 56.828695, 56.476441 ] }, { "date": "2024-01-19", "close": 57.777203, "volume": 3270, "typical_volume": 12246.4, "trend": 56.521699, "fair_value": 56.997712, "relative_strength": 1.765962, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.398039, "energy": 49.75893, "activity_lines": [ 58.88548, 58.860498, 57.021277, 56.557479 ] }, { "date": "2024-01-26", "close": 58.504627, "volume": 16420, "typical_volume": 12635.4, "trend": 56.52761, "fair_value": 57.038825, "relative_strength": 0.818867, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 45.432695, "energy": 35.124026, "activity_lines": [ 58.618432, 58.880424, 57.279619, 56.68541 ] }, { "date": "2024-02-02", "close": 58.397942, "volume": 31041, "typical_volume": 13058.25, "trend": 56.566195, "fair_value": 57.068988, "relative_strength": 1.952974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.494516, "energy": 31.718165, "activity_lines": [ 58.440616, 58.83475, 57.513949, 56.806077 ] }, { "date": "2024-02-09", "close": 59.319347, "volume": 20365, "typical_volume": 13537.65, "trend": 56.573934, "fair_value": 57.101236, "relative_strength": 4.835115, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.768624, "energy": 32.796539, "activity_lines": [ 58.69861, 58.922394, 57.824198, 56.983699 ] }, { "date": "2024-02-16", "close": 60.425041, "volume": 31456, "typical_volume": 14758.4, "trend": 56.584223, "fair_value": 57.14296, "relative_strength": 4.607338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.666797, "energy": 53.543299, "activity_lines": [ 59.292192, 59.173687, 58.214828, 57.232158 ] }, { "date": "2024-02-23", "close": 60.599621, "volume": 26806, "typical_volume": 14864.45, "trend": 56.600332, "fair_value": 57.194756, "relative_strength": 3.081729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.26932, "energy": 72.856223, "activity_lines": [ 59.863788, 59.40858, 58.587179, 57.491216 ] }, { "date": "2024-03-01", "close": 60.968185, "volume": 9976, "typical_volume": 14995.85, "trend": 56.692529, "fair_value": 57.2559, "relative_strength": 3.606502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.225885, "energy": 81.083864, "activity_lines": [ 60.370078, 59.697788, 58.949917, 57.773013 ] }, { "date": "2024-03-08", "close": 62.267857, "volume": 12441, "typical_volume": 15257.65, "trend": 56.840553, "fair_value": 57.309675, "relative_strength": 4.313331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.457684, "energy": 90.96991, "activity_lines": [ 61.145354, 60.212542, 59.397108, 58.132711 ] }, { "date": "2024-03-15", "close": 61.763508, "volume": 11541, "typical_volume": 15514.2, "trend": 57.037814, "fair_value": 57.362784, "relative_strength": 3.114608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.045002, "energy": 88.417648, "activity_lines": [ 61.49452, 60.600328, 59.745073, 58.450321 ] }, { "date": "2024-03-22", "close": 62.966183, "volume": 22039, "typical_volume": 16326.0, "trend": 57.269713, "fair_value": 57.420738, "relative_strength": 5.177741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.174758, "energy": 91.208765, "activity_lines": [ 62.081634, 61.153348, 60.154573, 58.832797 ] }, { "date": "2024-03-29", "close": 63.121372, "volume": 14058, "typical_volume": 16882.05, "trend": 57.472479, "fair_value": 57.474135, "relative_strength": 4.613209, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.400602, "energy": 88.616972, "activity_lines": [ 62.551068, 61.666516, 60.534869, 59.210323 ] }, { "date": "2024-04-05", "close": 62.413342, "volume": 13535, "typical_volume": 16902.25, "trend": 57.699736, "fair_value": 57.516128, "relative_strength": 5.365377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.230204, "energy": 77.404963, "activity_lines": [ 62.616375, 61.953784, 60.801454, 59.529088 ] }, { "date": "2024-04-12", "close": 61.317352, "volume": 9418, "typical_volume": 16876.9, "trend": 57.87988, "fair_value": 57.541785, "relative_strength": 4.421128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.252407, "energy": 59.90734, "activity_lines": [ 62.220008, 61.970713, 60.932946, 59.762483 ] }, { "date": "2024-04-19", "close": 61.559834, "volume": 16991, "typical_volume": 17286.5, "trend": 58.129025, "fair_value": 57.564459, "relative_strength": 5.415366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.873017, "energy": 46.920958, "activity_lines": [ 61.967835, 61.97865, 61.064668, 59.999899 ] }, { "date": "2024-04-26", "close": 62.956497, "volume": 19532, "typical_volume": 15741.8, "trend": 58.457749, "fair_value": 57.599249, "relative_strength": 7.113434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.777509, "energy": 46.965546, "activity_lines": [ 62.194796, 62.19979, 61.308946, 60.311349 ] }, { "date": "2024-05-03", "close": 64.527733, "volume": 6617, "typical_volume": 15632.05, "trend": 58.90169, "fair_value": 57.635576, "relative_strength": 10.169857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.492229, "energy": 58.950908, "activity_lines": [ 62.946147, 62.660582, 61.678203, 60.702961 ] }, { "date": "2024-05-10", "close": 66.748825, "volume": 26164, "typical_volume": 15433.3, "trend": 59.369649, "fair_value": 57.691022, "relative_strength": 9.005676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.907784, "energy": 86.308333, "activity_lines": [ 64.344105, 63.453789, 62.236961, 61.209228 ] }, { "date": "2024-05-17", "close": 67.975258, "volume": 19037, "typical_volume": 16148.6, "trend": 59.918247, "fair_value": 57.752473, "relative_strength": 8.09937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.234403, "energy": 96.525067, "activity_lines": [ 65.861841, 64.364881, 62.882178, 61.764428 ] }, { "date": "2024-05-24", "close": 66.542671, "volume": 2386, "typical_volume": 16144.35, "trend": 60.44859, "fair_value": 57.798993, "relative_strength": 6.471143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.633581, "energy": 88.721655, "activity_lines": [ 66.458188, 64.911732, 63.354543, 62.191811 ] }, { "date": "2024-05-31", "close": 64.96389, "volume": 16092, "typical_volume": 16459.25, "trend": 60.823066, "fair_value": 57.833356, "relative_strength": 3.162557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.526163, "energy": 84.400708, "activity_lines": [ 66.196086, 65.084638, 63.639795, 62.48312 ] }, { "date": "2024-06-07", "close": 64.10627, "volume": 5504, "typical_volume": 16570.95, "trend": 61.179856, "fair_value": 57.860067, "relative_strength": -0.33714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.652444, "energy": 56.924381, "activity_lines": [ 65.514284, 65.065292, 63.816029, 62.69494 ] }, { "date": "2024-06-14", "close": 64.252457, "volume": 10408, "typical_volume": 16270.35, "trend": 61.456155, "fair_value": 57.897235, "relative_strength": 1.580046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.509426, "energy": 35.690835, "activity_lines": [ 64.909309, 65.054617, 63.976047, 62.893172 ] }, { "date": "2024-06-21", "close": 64.067291, "volume": 5799, "typical_volume": 15008.25, "trend": 61.707854, "fair_value": 57.928007, "relative_strength": 1.485687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.821405, "energy": 25.850279, "activity_lines": [ 64.409036, 64.976837, 64.09106, 63.061633 ] }, { "date": "2024-06-28", "close": 63.638489, "volume": 12632, "typical_volume": 14621.6, "trend": 61.920365, "fair_value": 57.953695, "relative_strength": 0.916541, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.759644, "energy": 25.333154, "activity_lines": [ 64.026361, 64.771095, 64.138237, 63.18619 ] }, { "date": "2024-07-05", "close": 63.443581, "volume": 28430, "typical_volume": 14470.3, "trend": 62.109244, "fair_value": 57.974541, "relative_strength": 0.49669, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.364324, "energy": 22.217453, "activity_lines": [ 63.772328, 64.492121, 64.146284, 63.284462 ] }, { "date": "2024-07-12", "close": 66.825287, "volume": 20003, "typical_volume": 14130.15, "trend": 62.340044, "fair_value": 58.014789, "relative_strength": 2.747495, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.015988, "energy": 29.459674, "activity_lines": [ 64.746884, 64.819146, 64.462025, 63.588723 ] }, { "date": "2024-07-19", "close": 66.42572, "volume": 9548, "typical_volume": 14108.75, "trend": 62.541683, "fair_value": 58.048045, "relative_strength": 3.706684, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.512713, "energy": 38.954924, "activity_lines": [ 65.406984, 65.03175, 64.710066, 63.852315 ] }, { "date": "2024-07-26", "close": 67.400284, "volume": 14955, "typical_volume": 14234.45, "trend": 62.777424, "fair_value": 58.075214, "relative_strength": 4.569037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.534454, "energy": 58.914874, "activity_lines": [ 66.247054, 65.427421, 65.024933, 64.165773 ] }, { "date": "2024-08-02", "close": 66.396469, "volume": 7483, "typical_volume": 14031.55, "trend": 63.029817, "fair_value": 58.09002, "relative_strength": 6.051832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.371698, "energy": 65.752192, "activity_lines": [ 66.53032, 65.651035, 65.21976, 64.399259 ] }, { "date": "2024-08-09", "close": 65.217262, "volume": 43400, "typical_volume": 15099.6, "trend": 63.229647, "fair_value": 58.090801, "relative_strength": 4.146959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.010323, "energy": 53.200486, "activity_lines": [ 66.236651, 65.662905, 65.280219, 64.540385 ] }, { "date": "2024-08-16", "close": 66.659615, "volume": 10178, "typical_volume": 14905.6, "trend": 63.525727, "fair_value": 58.105079, "relative_strength": 3.51165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.529676, "energy": 41.533247, "activity_lines": [ 66.305521, 65.932415, 65.467326, 64.761673 ] }, { "date": "2024-08-23", "close": 68.170174, "volume": 14268, "typical_volume": 14942.25, "trend": 63.847912, "fair_value": 58.123351, "relative_strength": 4.341072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.358278, "energy": 46.432852, "activity_lines": [ 66.888956, 66.430148, 65.781447, 65.061315 ] }, { "date": "2024-08-30", "close": 68.004494, "volume": 4962, "typical_volume": 14719.45, "trend": 64.16813, "fair_value": 58.132418, "relative_strength": 3.222225, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.195585, "energy": 49.349668, "activity_lines": [ 67.300867, 66.826525, 66.052375, 65.329482 ] }, { "date": "2024-09-06", "close": 66.269783, "volume": 22770, "typical_volume": 15008.4, "trend": 64.399811, "fair_value": 58.135215, "relative_strength": 4.866678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.140965, "energy": 44.573982, "activity_lines": [ 67.09426, 66.835915, 66.126249, 65.465072 ] }, { "date": "2024-09-13", "close": 67.390526, "volume": 28165, "typical_volume": 15440.05, "trend": 64.631994, "fair_value": 58.154059, "relative_strength": 5.266103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.302068, "energy": 50.347476, "activity_lines": [ 67.26968, 67.001235, 66.284432, 65.658021 ] }, { "date": "2024-09-20", "close": 69.115486, "volume": 4676, "typical_volume": 15343.0, "trend": 64.915857, "fair_value": 58.185037, "relative_strength": 8.548367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.774784, "energy": 55.192557, "activity_lines": [ 67.875203, 67.408421, 66.585783, 65.947279 ] }, { "date": "2024-09-27", "close": 70.255714, "volume": 8154, "typical_volume": 14442.5, "trend": 65.225441, "fair_value": 58.24015, "relative_strength": 7.285674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.303002, "energy": 66.130087, "activity_lines": [ 68.697077, 67.981282, 66.97388, 66.291786 ] }, { "date": "2024-10-04", "close": 68.55024, "volume": 8075, "typical_volume": 13894.4, "trend": 65.434854, "fair_value": 58.281097, "relative_strength": 6.371039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.640355, "energy": 63.806824, "activity_lines": [ 68.811423, 68.17442, 67.182852, 66.506289 ] }, { "date": "2024-10-11", "close": 68.803635, "volume": 9539, "typical_volume": 14252.05, "trend": 65.669524, "fair_value": 58.316064, "relative_strength": 5.073811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.56596, "energy": 69.421975, "activity_lines": [ 68.973852, 68.392722, 67.413219, 66.72363 ] }, { "date": "2024-10-18", "close": 69.018028, "volume": 11463, "typical_volume": 14020.6, "trend": 65.871253, "fair_value": 58.344981, "relative_strength": 3.695849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.815762, "energy": 63.535013, "activity_lines": [ 69.038821, 68.606237, 67.653237, 66.939662 ] }, { "date": "2024-10-25", "close": 67.146889, "volume": 5898, "typical_volume": 14040.3, "trend": 66.005437, "fair_value": 58.356574, "relative_strength": 1.846594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.950044, "energy": 30.287497, "activity_lines": [ 68.371577, 68.410441, 67.695746, 67.021961 ] }, { "date": "2024-11-01", "close": 66.084618, "volume": 6338, "typical_volume": 13836.8, "trend": 66.127812, "fair_value": 58.355131, "relative_strength": 1.890628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.855579, "energy": 14.073383, "activity_lines": [ 67.481483, 68.012644, 67.622608, 67.02707 ] }, { "date": "2024-11-08", "close": 67.244339, "volume": 17799, "typical_volume": 14436.8, "trend": 66.325379, "fair_value": 58.357952, "relative_strength": 4.929641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.1573, "energy": 20.037406, "activity_lines": [ 67.256035, 67.863626, 67.651195, 67.099104 ] }, { "date": "2024-11-15", "close": 66.418633, "volume": 34906, "typical_volume": 15550.5, "trend": 66.487339, "fair_value": 58.35372, "relative_strength": 4.976624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.90308, "energy": 17.934552, "activity_lines": [ 66.842412, 67.5783, 67.586014, 67.10512 ] }, { "date": "2024-11-22", "close": 67.437431, "volume": 8712, "typical_volume": 14564.6, "trend": 66.636703, "fair_value": 58.370895, "relative_strength": 5.563736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.03346, "energy": 17.423338, "activity_lines": [ 66.927389, 67.475504, 67.604623, 67.166417 ] }, { "date": "2024-11-29", "close": 68.035004, "volume": 10690, "typical_volume": 14098.95, "trend": 66.753612, "fair_value": 58.396031, "relative_strength": 5.871803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.745803, "energy": 11.662357, "activity_lines": [ 67.316929, 67.480504, 67.661125, 67.256629 ] }, { "date": "2024-12-06", "close": 68.299507, "volume": 11187, "typical_volume": 14180.9, "trend": 66.805301, "fair_value": 58.408895, "relative_strength": 5.919026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.553708, "energy": 18.451938, "activity_lines": [ 67.73543, 67.553241, 67.737057, 67.356365 ] }, { "date": "2024-12-13", "close": 66.467606, "volume": 29413, "typical_volume": 14903.8, "trend": 66.755046, "fair_value": 58.413296, "relative_strength": 3.71729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.96449, "energy": 9.55096, "activity_lines": [ 67.395638, 67.328473, 67.6296, 67.334578 ] }, { "date": "2024-12-20", "close": 63.185863, "volume": 14531, "typical_volume": 15256.2, "trend": 66.643153, "fair_value": 58.391012, "relative_strength": 1.228334, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -40.989364, "energy": 41.799401, "activity_lines": [ 66.013713, 66.54489, 67.214037, 67.104308 ] }, { "date": "2024-12-27", "close": 63.538532, "volume": 1689, "typical_volume": 13170.65, "trend": 66.595641, "fair_value": 58.36267, "relative_strength": -0.025295, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.439691, "energy": 66.138699, "activity_lines": [ 64.964863, 65.92757, 66.84735, 66.90401 ] }, { "date": "2025-01-03", "close": 62.735237, "volume": 5027, "typical_volume": 12913.1, "trend": 66.54994, "fair_value": 58.346607, "relative_strength": -1.631415, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.000979, "energy": 76.750331, "activity_lines": [ 63.908175, 65.263823, 66.412153, 66.654951 ] }, { "date": "2025-01-10", "close": 60.903336, "volume": 9313, "typical_volume": 12665.35, "trend": 66.438302, "fair_value": 58.335257, "relative_strength": -5.827028, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.524581, "energy": 93.712043, "activity_lines": [ 62.59417, 64.347216, 65.821177, 66.290654 ] }, { "date": "2025-01-17", "close": 63.675674, "volume": 6718, "typical_volume": 12753.15, "trend": 66.425249, "fair_value": 58.348722, "relative_strength": -3.212896, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.365302, "energy": 81.136975, "activity_lines": [ 62.697357, 64.028875, 65.528837, 66.11242 ] }, { "date": "2025-01-24", "close": 63.499344, "volume": 11516, "typical_volume": 12190.45, "trend": 66.42061, "fair_value": 58.380793, "relative_strength": -5.824382, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.100769, "energy": 72.623698, "activity_lines": [ 62.927895, 63.743359, 65.240317, 65.923652 ] }, { "date": "2025-01-31", "close": 64.224274, "volume": 15468, "typical_volume": 11555.6, "trend": 66.446633, "fair_value": 58.4166, "relative_strength": -7.060105, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.830365, "energy": 48.441025, "activity_lines": [ 63.379178, 63.642726, 65.034031, 65.781953 ] }, { "date": "2025-02-07", "close": 64.625916, "volume": 17794, "typical_volume": 12211.5, "trend": 66.373321, "fair_value": 58.451702, "relative_strength": -6.380016, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.952035, "energy": 29.446662, "activity_lines": [ 63.918626, 63.673541, 64.881073, 65.664488 ] }, { "date": "2025-02-14", "close": 65.439011, "volume": 23010, "typical_volume": 12954.3, "trend": 66.340431, "fair_value": 58.496936, "relative_strength": -6.942042, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.819788, "energy": 23.92633, "activity_lines": [ 64.60306, 63.914174, 64.826932, 65.60421 ] }, { "date": "2025-02-21", "close": 64.635712, "volume": 9913, "typical_volume": 13046.2, "trend": 66.248278, "fair_value": 58.539691, "relative_strength": -8.766719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.574823, "energy": 23.751741, "activity_lines": [ 64.71735, 64.060761, 64.719223, 65.494228 ] }, { "date": "2025-02-28", "close": 64.694489, "volume": 10788, "typical_volume": 13108.65, "trend": 66.191546, "fair_value": 58.593208, "relative_strength": -8.97069, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.453828, "energy": 21.652376, "activity_lines": [ 64.787229, 64.251343, 64.635753, 65.393983 ] }, { "date": "2025-03-07", "close": 65.634933, "volume": 26688, "typical_volume": 13869.9, "trend": 66.205468, "fair_value": 58.65421, "relative_strength": -8.051534, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.370373, "energy": 17.779785, "activity_lines": [ 65.090913, 64.585485, 64.661416, 65.358073 ] }, { "date": "2025-03-14", "close": 64.851227, "volume": 7879, "typical_volume": 13968.95, "trend": 66.145189, "fair_value": 58.693733, "relative_strength": -7.937728, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.785833, "energy": 11.889038, "activity_lines": [ 65.039318, 64.739019, 64.62855, 65.270702 ] }, { "date": "2025-03-21", "close": 64.763062, "volume": 15038, "typical_volume": 14403.95, "trend": 66.031618, "fair_value": 58.73688, "relative_strength": -9.033365, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.332678, "energy": 11.428313, "activity_lines": [ 64.943314, 64.83805, 64.598219, 65.181533 ] }, { "date": "2025-03-28", "close": 64.988373, "volume": 14791, "typical_volume": 14253.55, "trend": 65.931081, "fair_value": 58.773334, "relative_strength": -6.941379, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.523359, "energy": 10.474877, "activity_lines": [ 64.967477, 64.907869, 64.59564, 65.114227 ] }, { "date": "2025-04-04", "close": 62.989941, "volume": 38607, "typical_volume": 14438.6, "trend": 65.821753, "fair_value": 58.800075, "relative_strength": -0.568745, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.036398, "energy": 26.782619, "activity_lines": [ 64.301985, 64.590471, 64.413476, 64.924476 ] }, { "date": "2025-04-11", "close": 62.68626, "volume": 43003, "typical_volume": 16153.15, "trend": 65.664944, "fair_value": 58.830395, "relative_strength": 2.484176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.384637, "energy": 42.121022, "activity_lines": [ 63.648902, 64.227119, 64.218718, 64.722186 ] }, { "date": "2025-04-18", "close": 65.252876, "volume": 15383, "typical_volume": 16387.8, "trend": 65.53619, "fair_value": 58.884151, "relative_strength": 2.774421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.049111, "energy": 21.817899, "activity_lines": [ 64.047937, 64.358389, 64.291024, 64.695601 ] }, { "date": "2025-04-25", "close": 66.97702, "volume": 5887, "typical_volume": 16122.8, "trend": 65.4269, "fair_value": 58.96074, "relative_strength": 2.98555, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.227323, "energy": 5.547969, "activity_lines": [ 64.994909, 64.79174, 64.540782, 64.788558 ] }, { "date": "2025-05-02", "close": 68.76973, "volume": 20899, "typical_volume": 15697.1, "trend": 65.434217, "fair_value": 59.062787, "relative_strength": 3.092728, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.840982, "energy": 47.05272, "activity_lines": [ 66.391855, 65.523075, 64.967572, 65.004224 ] }, { "date": "2025-05-09", "close": 68.916679, "volume": 12754, "typical_volume": 15608.25, "trend": 65.437985, "fair_value": 59.16771, "relative_strength": 4.72751, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.085786, "energy": 68.099406, "activity_lines": [ 67.585692, 66.205963, 65.397395, 65.228899 ] }, { "date": "2025-05-16", "close": 69.856003, "volume": 16594, "typical_volume": 16353.5, "trend": 65.465917, "fair_value": 59.276097, "relative_strength": 4.016593, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.581731, "energy": 86.556276, "activity_lines": [ 68.697522, 66.982871, 65.889387, 65.513932 ] }, { "date": "2025-05-23", "close": 69.579887, "volume": 22469, "typical_volume": 17225.6, "trend": 65.547017, "fair_value": 59.376744, "relative_strength": 4.716971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.456113, "energy": 84.69952, "activity_lines": [ 69.239331, 67.632829, 66.325, 65.77935 ] }, { "date": "2025-05-30", "close": 70.654755, "volume": 14087, "typical_volume": 17464.3, "trend": 65.699355, "fair_value": 59.480383, "relative_strength": 5.951103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.023389, "energy": 87.119314, "activity_lines": [ 69.850961, 68.392242, 66.830387, 66.108881 ] }, { "date": "2025-06-06", "close": 70.654755, "volume": 15219, "typical_volume": 17889.35, "trend": 65.813036, "fair_value": 59.603331, "relative_strength": 4.581512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.616111, "energy": 84.1229, "activity_lines": [ 70.217409, 69.044534, 67.289339, 66.428585 ] }, { "date": "2025-06-13", "close": 71.561974, "volume": 6819, "typical_volume": 17654.5, "trend": 65.98448, "fair_value": 59.756521, "relative_strength": 7.63314, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.317487, "energy": 82.555091, "activity_lines": [ 70.760595, 69.758749, 67.801459, 66.799484 ] }, { "date": "2025-06-20", "close": 70.694199, "volume": 11697, "typical_volume": 17465.95, "trend": 66.093039, "fair_value": 59.891052, "relative_strength": 8.551226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.171049, "energy": 68.919394, "activity_lines": [ 70.83817, 70.159332, 68.192541, 67.103337 ] }, { "date": "2025-06-27", "close": 72.656555, "volume": 5088, "typical_volume": 16830.65, "trend": 66.247091, "fair_value": 60.04133, "relative_strength": 10.255606, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.169717, "energy": 68.917706, "activity_lines": [ 71.513984, 70.771107, 68.739704, 67.526789 ] }, { "date": "2025-07-04", "close": 72.617111, "volume": 8342, "typical_volume": 16097.25, "trend": 66.391011, "fair_value": 60.182035, "relative_strength": 9.968792, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.389117, "energy": 71.139439, "activity_lines": [ 71.971538, 71.241099, 69.24487, 67.937758 ] }, { "date": "2025-07-11", "close": 72.577667, "volume": 5236, "typical_volume": 15863.4, "trend": 66.59468, "fair_value": 60.329127, "relative_strength": 9.972195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.922999, "energy": 75.433096, "activity_lines": [ 72.285121, 71.601372, 69.712097, 68.336897 ] }, { "date": "2025-07-18", "close": 72.804474, "volume": 7300, "typical_volume": 15689.0, "trend": 66.9153, "fair_value": 60.459337, "relative_strength": 9.660923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.991294, "energy": 81.449305, "activity_lines": [ 72.546112, 71.933648, 70.163107, 68.737529 ] }, { "date": "2025-07-25", "close": 72.370583, "volume": 6349, "typical_volume": 14672.05, "trend": 67.209702, "fair_value": 60.572696, "relative_strength": 9.048029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.990216, "energy": 75.921005, "activity_lines": [ 72.579639, 72.116347, 70.534174, 69.089483 ] }, { "date": "2025-08-01", "close": 72.350868, "volume": 3325, "typical_volume": 14444.35, "trend": 67.530223, "fair_value": 60.68739, "relative_strength": 9.92244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.198572, "energy": 65.504574, "activity_lines": [ 72.494836, 72.249742, 70.87129, 69.421171 ] }, { "date": "2025-08-08", "close": 74.244194, "volume": 9825, "typical_volume": 14183.7, "trend": 67.974918, "fair_value": 60.802221, "relative_strength": 12.210715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.259283, "energy": 67.02583, "activity_lines": [ 73.06152, 72.676997, 71.353009, 69.854331 ] }, { "date": "2025-08-15", "close": 74.835854, "volume": 12225, "typical_volume": 14055.4, "trend": 68.346924, "fair_value": 60.923646, "relative_strength": 10.882592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.653114, "energy": 68.44537, "activity_lines": [ 73.716953, 73.146563, 71.845929, 70.296972 ] }, { "date": "2025-08-22", "close": 76.068497, "volume": 41512, "typical_volume": 14200.65, "trend": 68.765896, "fair_value": 61.061197, "relative_strength": 10.698751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.599761, "energy": 81.536141, "activity_lines": [ 74.63272, 73.764227, 72.409351, 70.795138 ] }, { "date": "2025-08-29", "close": 75.023216, "volume": 10793, "typical_volume": 12590.15, "trend": 69.125861, "fair_value": 61.214097, "relative_strength": 9.611094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.782264, "energy": 77.61915, "activity_lines": [ 74.982459, 74.109902, 72.810943, 71.198836 ] }, { "date": "2025-09-05", "close": 74.885162, "volume": 4811, "typical_volume": 12061.55, "trend": 69.467836, "fair_value": 61.356062, "relative_strength": 7.610974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.462975, "energy": 69.406057, "activity_lines": [ 75.109338, 74.351768, 73.14064, 71.570403 ] }, { "date": "2025-09-12", "close": 74.392105, "volume": 10955, "typical_volume": 12314.95, "trend": 69.766272, "fair_value": 61.512044, "relative_strength": 8.265735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.888558, "energy": 58.95228, "activity_lines": [ 74.902911, 74.463466, 73.377511, 71.888098 ] }, { "date": "2025-09-19", "close": 74.00753, "volume": 11326, "typical_volume": 11836.3, "trend": 70.078666, "fair_value": 61.682342, "relative_strength": 8.336545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.014429, "energy": 48.208681, "activity_lines": [ 74.558432, 74.47297, 73.542446, 72.161728 ] }, { "date": "2025-09-26", "close": 73.25808, "volume": 11222, "typical_volume": 11759.7, "trend": 70.364119, "fair_value": 61.853866, "relative_strength": 8.708805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.535126, "energy": 33.170773, "activity_lines": [ 74.019358, 74.320212, 73.611063, 72.366851 ] }, { "date": "2025-10-03", "close": 74.76683, "volume": 12449, "typical_volume": 11552.45, "trend": 70.668516, "fair_value": 62.029701, "relative_strength": 5.730941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.731119, "energy": 32.058404, "activity_lines": [ 74.170562, 74.433525, 73.802697, 72.650897 ] }, { "date": "2025-10-10", "close": 73.711693, "volume": 10671, "typical_volume": 10962.55, "trend": 70.963864, "fair_value": 62.206296, "relative_strength": 4.367052, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.666556, "energy": 23.88919, "activity_lines": [ 73.987146, 74.311426, 73.870457, 72.847231 ] }, { "date": "2025-10-17", "close": 75.240166, "volume": 19938, "typical_volume": 11255.1, "trend": 71.313101, "fair_value": 62.385622, "relative_strength": 5.031793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.127196, "energy": 32.500322, "activity_lines": [ 74.391452, 74.44249, 74.06411, 73.123122 ] }, { "date": "2025-10-24", "close": 76.03891, "volume": 8939, "typical_volume": 10941.1, "trend": 71.681452, "fair_value": 62.547714, "relative_strength": 6.596253, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.73679, "energy": 47.345437, "activity_lines": [ 75.005469, 74.700671, 74.311999, 73.428012 ] }, { "date": "2025-10-31", "close": 73.889198, "volume": 6682, "typical_volume": 10934.25, "trend": 72.044761, "fair_value": 62.701142, "relative_strength": 6.221559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.104172, "energy": 33.002026, "activity_lines": [ 74.76749, 74.546122, 74.329515, 73.570448 ] }, { "date": "2025-11-07", "close": 74.194885, "volume": 11799, "typical_volume": 10939.35, "trend": 72.428382, "fair_value": 62.830885, "relative_strength": 5.987829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.421278, "energy": 30.900248, "activity_lines": [ 74.589331, 74.486776, 74.365061, 73.709165 ] }, { "date": "2025-11-14", "close": 75.060593, "volume": 6065, "typical_volume": 10988.2, "trend": 72.755306, "fair_value": 62.965206, "relative_strength": 4.292819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.5724, "energy": 30.861893, "activity_lines": [ 74.737872, 74.599892, 74.466386, 73.878985 ] }, { "date": "2025-11-21", "close": 72.925369, "volume": 2848, "typical_volume": 10713.5, "trend": 72.953584, "fair_value": 63.075158, "relative_strength": 1.333295, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.557454, "energy": 8.291793, "activity_lines": [ 74.084745, 74.321595, 74.352909, 73.889957 ] }, { "date": "2025-11-28", "close": 74.98114, "volume": 14137, "typical_volume": 11158.55, "trend": 73.160631, "fair_value": 63.199147, "relative_strength": 2.535272, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.800362, "energy": 15.435935, "activity_lines": [ 74.271195, 74.443743, 74.433752, 74.020767 ] }, { "date": "2025-12-05", "close": 74.93148, "volume": 12633, "typical_volume": 11425.2, "trend": 73.361124, "fair_value": 63.329571, "relative_strength": 1.658542, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.15153, "energy": 17.622545, "activity_lines": [ 74.511609, 74.53916, 74.49842, 74.135016 ] }, { "date": "2025-12-12", "close": 74.117119, "volume": 14395, "typical_volume": 11827.5, "trend": 73.503162, "fair_value": 63.463062, "relative_strength": 0.911664, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.163142, "energy": 8.791258, "activity_lines": [ 74.411084, 74.456086, 74.475401, 74.183789 ] }, { "date": "2025-12-19", "close": 74.236298, "volume": 12941, "typical_volume": 12308.3, "trend": 73.658375, "fair_value": 63.597133, "relative_strength": -1.136869, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.304839, "energy": 11.870349, "activity_lines": [ 74.35547, 74.406494, 74.455415, 74.231089 ] }, { "date": "2025-12-26", "close": 74.514374, "volume": 2862, "typical_volume": 11960.15, "trend": 73.787029, "fair_value": 63.732249, "relative_strength": -1.34622, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.565638, "energy": 13.29828, "activity_lines": [ 74.447501, 74.397923, 74.452935, 74.286314 ] }, { "date": "2026-01-02", "close": 74.454788, "volume": 1251, "typical_volume": 11411.45, "trend": 73.913697, "fair_value": 63.860968, "relative_strength": -1.679687, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.109549, "energy": 11.967139, "activity_lines": [ 74.413737, 74.391714, 74.443493, 74.329396 ] }, { "date": "2026-01-09", "close": 75.676331, "volume": 11237, "typical_volume": 9897.7, "trend": 74.050842, "fair_value": 63.984503, "relative_strength": -1.373078, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.165105, "energy": 28.562838, "activity_lines": [ 74.822243, 74.636406, 74.552204, 74.443114 ] }, { "date": "2026-01-16", "close": 76.818428, "volume": 6430, "typical_volume": 9679.55, "trend": 74.254983, "fair_value": 64.115359, "relative_strength": 0.036726, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.803547, "energy": 54.454491, "activity_lines": [ 75.561792, 75.056259, 74.771553, 74.621668 ] }, { "date": "2026-01-23", "close": 77.424232, "volume": 12517, "typical_volume": 10064.85, "trend": 74.413906, "fair_value": 64.250099, "relative_strength": 2.620518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.500653, "energy": 67.810789, "activity_lines": [ 76.323188, 75.538557, 75.040049, 74.826135 ] }, { "date": "2026-01-30", "close": 76.490692, "volume": 17777, "typical_volume": 10405.95, "trend": 74.543025, "fair_value": 64.367927, "relative_strength": 0.829942, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.465384, "energy": 68.046734, "activity_lines": [ 76.560875, 75.808145, 75.207545, 74.960122 ] }, { "date": "2026-02-06", "close": 78.526604, "volume": 8298, "typical_volume": 10254.55, "trend": 74.741323, "fair_value": 64.509426, "relative_strength": 1.395689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.959607, "energy": 79.594133, "activity_lines": [ 77.345445, 76.383076, 75.558945, 75.217127 ] }, { "date": "2026-02-13", "close": 80.26458, "volume": 12758, "typical_volume": 10331.35, "trend": 74.989993, "fair_value": 64.659304, "relative_strength": 2.077793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.6745, "energy": 86.288885, "activity_lines": [ 78.437886, 77.209538, 76.054347, 75.573466 ] }, { "date": "2026-02-20", "close": 80.185127, "volume": 7509, "typical_volume": 10084.35, "trend": 75.250478, "fair_value": 64.819353, "relative_strength": -0.193089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.253699, "energy": 89.71335, "activity_lines": [ 79.197959, 77.92459, 76.508818, 75.908636 ] }, { "date": "2026-02-27", "close": 80.800873, "volume": 9753, "typical_volume": 10038.45, "trend": 75.532145, "fair_value": 64.980342, "relative_strength": -0.79599, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.173582, "energy": 92.302128, "activity_lines": [ 79.938834, 78.641267, 76.996129, 76.266726 ] }, { "date": "2026-03-06", "close": 77.414299, "volume": 17723, "typical_volume": 9927.7, "trend": 75.637815, "fair_value": 65.126988, "relative_strength": 1.414887, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.547524, "energy": 73.064723, "activity_lines": [ 79.325742, 78.622849, 77.127152, 76.388155 ] }, { "date": "2026-03-13", "close": 74.712997, "volume": 6939, "typical_volume": 9827.7, "trend": 75.63372, "fair_value": 65.263071, "relative_strength": -0.432492, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.925857, "energy": 25.505784, "activity_lines": [ 77.750642, 78.060558, 76.990555, 76.328489 ] }, { "date": "2026-03-20", "close": 72.955162, "volume": 6041, "typical_volume": 9795.65, "trend": 75.529942, "fair_value": 65.390464, "relative_strength": 0.992906, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -2.512821, "energy": 20.295453, "activity_lines": [ 75.843838, 77.173966, 76.692859, 76.155679 ] }, { "date": "2026-03-27", "close": 73.5709, "volume": 22438, "typical_volume": 10327.6, "trend": 75.481532, "fair_value": 65.500564, "relative_strength": -0.432826, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -28.797499, "energy": 38.702028, "activity_lines": [ 74.629574, 76.448803, 76.458253, 76.029289 ] }, { "date": "2026-04-03", "close": 75.388329, "volume": 47552, "typical_volume": 12401.95, "trend": 75.498304, "fair_value": 65.626918, "relative_strength": -1.337915, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -19.276738, "energy": 34.752782, "activity_lines": [ 74.462068, 76.113127, 76.399706, 76.023276 ] }, { "date": "2026-04-10", "close": 78.953651, "volume": 19954, "typical_volume": 13257.25, "trend": 75.650355, "fair_value": 65.769436, "relative_strength": 1.613547, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.865851, "energy": 23.834102, "activity_lines": [ 75.843839, 76.462708, 76.679153, 76.246202 ] }, { "date": "2026-04-17", "close": 77.980385, "volume": 9523, "typical_volume": 13026.55, "trend": 75.782784, "fair_value": 65.90461, "relative_strength": -1.52681, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.352686, "energy": 17.40536, "activity_lines": [ 76.798565, 76.59055, 76.837202, 76.396526 ] }, { "date": "2026-04-24", "close": 77.324921, "volume": 15187, "typical_volume": 13154.25, "trend": 75.918345, "fair_value": 66.037239, "relative_strength": -0.534151, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.769698, "energy": 26.846833, "activity_lines": [ 77.316977, 76.609148, 76.918544, 76.496019 ] }, { "date": "2026-05-01", "close": 77.156097, "volume": 11768, "typical_volume": 13022.9, "trend": 75.997987, "fair_value": 66.164367, "relative_strength": -0.583398, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.144034, "energy": 29.781312, "activity_lines": [ 77.487797, 76.6505, 76.97241, 76.575874 ] }, { "date": "2026-05-08", "close": 75.72599, "volume": 16695, "typical_volume": 13210.6, "trend": 76.065131, "fair_value": 66.283002, "relative_strength": -2.185741, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.616311, "energy": 15.30277, "activity_lines": [ 76.942901, 76.486905, 76.875604, 76.558326 ] }, { "date": "2026-05-15", "close": 72.90551, "volume": 80229, "typical_volume": 17078.95, "trend": 75.987309, "fair_value": 66.384961, "relative_strength": -6.635325, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.54608, "energy": 30.207084, "activity_lines": [ 75.435335, 75.902766, 76.503087, 76.354479 ] }, { "date": "2026-05-22", "close": 73.010002, "volume": 12229, "typical_volume": 17627.85, "trend": 75.886345, "fair_value": 66.498935, "relative_strength": -8.37272, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.389194, "energy": 46.60087, "activity_lines": [ 74.365809, 75.419604, 76.148183, 76.162395 ] }, { "date": "2026-05-29", "close": 73.209999, "volume": 10905, "typical_volume": 17611.25, "trend": 75.863705, "fair_value": 66.606668, "relative_strength": -8.277973, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.265032, "energy": 54.188088, "activity_lines": [ 73.694307, 75.003768, 75.819206, 75.989728 ] }, { "date": "2026-06-05", "close": 73.43, "volume": 4357, "typical_volume": 17507.6, "trend": 75.838209, "fair_value": 66.705639, "relative_strength": -6.871623, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.906872, "energy": 69.162435, "activity_lines": [ 73.370467, 74.623299, 75.522926, 75.832714 ] }, { "date": "2026-06-12", "close": 73.449997, "volume": 1898, "typical_volume": 16976.65, "trend": 75.784522, "fair_value": 66.797523, "relative_strength": -8.860601, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.538244, "energy": 66.786559, "activity_lines": [ 73.3017, 74.249028, 75.244686, 75.678636 ] }, { "date": "2026-06-19", "close": 74.400002, "volume": 4605, "typical_volume": 16318.05, "trend": 75.833677, "fair_value": 66.904191, "relative_strength": -7.95749, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.706149, "energy": 51.857825, "activity_lines": [ 73.701333, 74.082728, 75.075848, 75.589312 ] }, { "date": "2026-06-26", "close": 76.540001, "volume": 1156, "typical_volume": 15960.95, "trend": 75.885639, "fair_value": 67.020939, "relative_strength": -7.773031, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.607771, "energy": 17.570899, "activity_lines": [ 74.714667, 74.388312, 75.120774, 75.634882 ] }, { "date": "2026-07-03", "close": 77.940002, "volume": 647, "typical_volume": 15355.4, "trend": 75.985923, "fair_value": 67.153629, "relative_strength": -7.522727, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.444174, "energy": 15.862071, "activity_lines": [ 75.959334, 74.97463, 75.308494, 75.767421 ] }, { "date": "2026-07-10", "close": 76.440002, "volume": 9115, "typical_volume": 15435.7, "trend": 76.063352, "fair_value": 67.264865, "relative_strength": -7.882086, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 6.514907, "energy": 24.937237, "activity_lines": [ 76.388668, 75.277037, 75.364427, 75.796717 ] }, { "date": "2026-07-17", "close": 77.93, "volume": 11950, "typical_volume": 15545.55, "trend": 76.186476, "fair_value": 67.379055, "relative_strength": -6.599584, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.727774, "energy": 40.118501, "activity_lines": [ 77.114001, 75.863374, 75.580097, 75.917145 ] }, { "date": "2026-07-24", "close": 76.25, "volume": 7103, "typical_volume": 15014.55, "trend": 76.24433, "fair_value": 67.482476, "relative_strength": -8.286152, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.819497, "energy": 35.579582, "activity_lines": [ 76.980667, 76.104182, 75.649439, 75.921244 ] }, { "date": "2026-07-31", "close": 76.370003, "volume": 13275, "typical_volume": 15331.35, "trend": 76.308171, "fair_value": 67.598936, "relative_strength": -8.022462, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.918502, "energy": 26.045478, "activity_lines": [ 76.764001, 76.306001, 75.735754, 75.929352 ] }, { "date": "2026-08-07", "close": 78.720001, "volume": 20657, "typical_volume": 16062.15, "trend": 76.409626, "fair_value": 67.732864, "relative_strength": -6.224791, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.637691, "energy": 38.183898, "activity_lines": [ 77.342001, 76.874001, 76.037988, 76.084954 ] } ], "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." } } }