{ "ticker": { "uuid": "f145cda5-58a9-467d-b08f-d0ea998963af", "symbol": "CPRO", "name": "CALAMOS RUSSELL 2000 STRUCTURED ALT PROTECTION ETF - OCTOBER", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 61.809, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.371, "architecture_energy": 82.908, "architecture_maturity": 43.032, "architecture_confidence": 80.13, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.79, "rotation_up": 68.89, "upward_expansion": 95.45, "deceleration": 43.13, "rotation_down": 25.46, "downward_expansion": 17.45 }, "activity_lines": [ 28.305807, 28.241753, 28.090915, 27.911646 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 28.37, "trend_reference": 27.696587, "distance_from_trend": 0.024314, "trend_direction": "Improving", "fair_value": 26.138419, "distance_from_fair_value": 0.085376, "fair_value_direction": "Improving", "relative_strength": -7.213076, "relative_strength_direction": "Weakening", "price_momentum": 0.036866, "excess_performance": -0.088759, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024314, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.015282, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.085376, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006991, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.072131, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007916, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.036866, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.948606, "read": "Demand-led" } ], "volume": { "latest": 10634, "relative_activity": 0.544556, "balance": 3.948606, "dry_up": 1.012042, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.004385, "annualized_volatility": 0.023592, "from_high_reference": -0.001808, "from_low_reference": 0.130234 }, "levels": { "trend_reference": 27.696587, "fair_value_reference": 26.138419, "structural_low": 26.991, "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": 3, "median_return": 0.005974, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.0034, "regime_survival": 1.0, "best_return": 0.007428, "worst_return": 0.005884, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.01936, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.018281, "regime_survival": 1.0, "best_return": 0.01936, "worst_return": 0.01936, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.008735, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.023563, "active": true } ], "chart_path": [ { "date": "2024-10-04", "close": 24.75, "volume": 875789, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 24.7553, "volume": 270055, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 24.85, "volume": 121999, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 24.735, "volume": 112662, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 24.75, "volume": 81554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 25.06, "volume": 64331, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 24.9152, "volume": 44008, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 25.0747, "volume": 36378, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 25.135, "volume": 8628, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 25.1505, "volume": 15227, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 25.056, "volume": 22003, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 24.8657, "volume": 11051, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 24.8766, "volume": 15598, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 24.96, "volume": 38774, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 24.8053, "volume": 13187, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 25.0304, "volume": 49936, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 25.1033, "volume": 20411, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 25.074, "volume": 111315, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 25.0799, "volume": 29931, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 25.0939, "volume": 20521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 24.9278, "volume": 11440, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 24.825, "volume": 28490, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 24.673, "volume": 24060, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 24.5897, "volume": 16434, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 24.6036, "volume": 12909, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 24.5646, "volume": 1118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 24.405, "volume": 50639, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 24.3947, "volume": 18663, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 24.4162, "volume": 25485, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 24.4996, "volume": 11382, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 24.6137, "volume": 11442, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 24.614, "volume": 19838, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 24.78, "volume": 39883, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 24.6245, "volume": 29982, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 24.674, "volume": 4355, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 24.844, "volume": 41402, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 24.7705, "volume": 44102, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 24.791, "volume": 9634, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 24.9671, "volume": 24565, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 25.25, "volume": 15066, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 25.224, "volume": 19247, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 25.255, "volume": 8222, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 25.3152, "volume": 13107, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 24.9754, "volume": 14528, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 25.1335, "volume": 4657, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 25.4451, "volume": 4396, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 25.8554, "volume": 4489, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 25.8952, "volume": 11640, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 26.0686, "volume": 24977, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 26.1785, "volume": 26698, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 26.5143, "volume": 20158, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 26.5799, "volume": 9654, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 26.776, "volume": 152150, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 26.6952, "volume": 34436, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 26.7635, "volume": 43538, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 26.8652, "volume": 16271, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 26.8009, "volume": 63517, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 26.7303, "volume": 64794, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 26.6449, "volume": 40581, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 26.6704, "volume": 34635, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 26.89, "volume": 24622, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 26.9715, "volume": 32502, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 27.0205, "volume": 20354, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 27.0299, "volume": 5474, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 27.0361, "volume": 5381, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 27.0258, "volume": 13982, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 27.2199, "volume": 25690, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 27.3201, "volume": 30677, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 27.3199, "volume": 4799, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 27.2551, "volume": 10458, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 27.3613, "volume": 20432, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-13", "close": 27.3412, "volume": 8232, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-20", "close": 27.3839, "volume": 4642, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-27", "close": 27.3548, "volume": 13812, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-06", "close": 27.1875, "volume": 41448, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-13", "close": 27.0784, "volume": 3446, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-20", "close": 27.0287, "volume": 5948, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-27", "close": 27.0933, "volume": 12017, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-03", "close": 27.22, "volume": 1723, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-10", "close": 27.4639, "volume": 4583, "typical_volume": 14511.1, "trend": 27.021413, "fair_value": 25.736714, "relative_strength": -1.065918, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 64.898022, "energy": 30.906886, "activity_lines": [ 27.241013, 27.228887, 27.226659, 27.147021 ] }, { "date": "2026-04-17", "close": 27.7038, "volume": 6163, "typical_volume": 13588.15, "trend": 27.061063, "fair_value": 25.760999, "relative_strength": -4.156757, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 81.546008, "energy": 71.021467, "activity_lines": [ 27.41666, 27.31116, 27.276536, 27.191046 ] }, { "date": "2026-04-24", "close": 27.7169, "volume": 5250, "typical_volume": 12225.55, "trend": 27.098963, "fair_value": 25.784851, "relative_strength": -4.342471, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.999284, "energy": 85.709566, "activity_lines": [ 27.55498, 27.389587, 27.323786, 27.233358 ] }, { "date": "2026-05-01", "close": 27.7863, "volume": 92497, "typical_volume": 15832.7, "trend": 27.13264, "fair_value": 25.808965, "relative_strength": -4.753514, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.714177, "energy": 90.207278, "activity_lines": [ 27.670553, 27.473802, 27.374095, 27.277702 ] }, { "date": "2026-05-08", "close": 27.8583, "volume": 10081, "typical_volume": 16063.05, "trend": 27.17141, "fair_value": 25.833362, "relative_strength": -6.421471, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.100854, "energy": 92.587866, "activity_lines": [ 27.763927, 27.563791, 27.427615, 27.324519 ] }, { "date": "2026-05-15", "close": 27.8084, "volume": 23592, "typical_volume": 16973.6, "trend": 27.20624, "fair_value": 25.856598, "relative_strength": -6.581973, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.385018, "energy": 88.107527, "activity_lines": [ 27.798113, 27.635553, 27.472438, 27.365615 ] }, { "date": "2026-05-22", "close": 27.88, "volume": 34279, "typical_volume": 17988.45, "trend": 27.240067, "fair_value": 25.880126, "relative_strength": -6.904363, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.51562, "energy": 84.952697, "activity_lines": [ 27.8332, 27.709044, 27.520402, 27.409084 ] }, { "date": "2026-05-29", "close": 27.99, "volume": 7476, "typical_volume": 17077.75, "trend": 27.279703, "fair_value": 25.904377, "relative_strength": -7.640031, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.145689, "energy": 78.660624, "activity_lines": [ 27.893207, 27.78796, 27.574775, 27.457466 ] }, { "date": "2026-06-05", "close": 27.9127, "volume": 16622, "typical_volume": 16375.0, "trend": 27.319117, "fair_value": 25.927199, "relative_strength": -5.344991, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.569731, "energy": 65.668407, "activity_lines": [ 27.90924, 27.835344, 27.618119, 27.498305 ] }, { "date": "2026-06-12", "close": 28.02, "volume": 18369, "typical_volume": 17053.5, "trend": 27.364953, "fair_value": 25.950713, "relative_strength": -5.328262, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.965375, "energy": 68.618278, "activity_lines": [ 27.952613, 27.887338, 27.66886, 27.543523 ] }, { "date": "2026-06-19", "close": 28.0871, "volume": 10728, "typical_volume": 17067.0, "trend": 27.412177, "fair_value": 25.974451, "relative_strength": -5.76862, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.910951, "energy": 75.913883, "activity_lines": [ 28.007573, 27.936987, 27.722658, 27.590113 ] }, { "date": "2026-06-26", "close": 28.1347, "volume": 12597, "typical_volume": 16675.25, "trend": 27.453667, "fair_value": 25.99819, "relative_strength": -3.196, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.813518, "energy": 79.673016, "activity_lines": [ 28.05982, 27.98396, 27.777027, 27.636728 ] }, { "date": "2026-07-03", "close": 28.1887, "volume": 25121, "typical_volume": 17519.7, "trend": 27.49424, "fair_value": 26.022, "relative_strength": -4.929999, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.985328, "energy": 85.881412, "activity_lines": [ 28.113087, 28.032916, 27.832856, 27.684149 ] }, { "date": "2026-07-10", "close": 28.21, "volume": 30407, "typical_volume": 18807.95, "trend": 27.53389, "fair_value": 26.045527, "relative_strength": -5.979593, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.264478, "energy": 88.500547, "activity_lines": [ 28.160207, 28.077167, 27.886678, 27.730327 ] }, { "date": "2026-07-17", "close": 28.2549, "volume": 7772, "typical_volume": 18505.95, "trend": 27.574723, "fair_value": 26.069031, "relative_strength": -4.228812, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.594739, "energy": 90.043609, "activity_lines": [ 28.202473, 28.121878, 27.940842, 27.776844 ] }, { "date": "2026-07-24", "close": 28.2535, "volume": 11971, "typical_volume": 17032.1, "trend": 27.615303, "fair_value": 26.092025, "relative_strength": -3.577932, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.183221, "energy": 88.235886, "activity_lines": [ 28.228613, 28.159124, 27.990587, 27.820636 ] }, { "date": "2026-07-31", "close": 28.3142, "volume": 48675, "typical_volume": 19293.55, "trend": 27.65825, "fair_value": 26.115173, "relative_strength": -4.292596, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.735731, "energy": 86.609892, "activity_lines": [ 28.263893, 28.199313, 28.041036, 27.865726 ] }, { "date": "2026-08-07", "close": 28.37, "volume": 10634, "typical_volume": 19527.85, "trend": 27.696587, "fair_value": 26.138419, "relative_strength": -7.213076, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.370759, "energy": 82.908194, "activity_lines": [ 28.305807, 28.241753, 28.090915, 27.911646 ] } ], "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." } } }