{ "ticker": { "uuid": "fc0bf1c0-d2df-4c5a-b8e1-3ae3560914a1", "symbol": "CIAI", "name": "CI Global Artificial Intelligence Fund (ETF C$ Series)", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 44.583, "architecture_energy": 23.583, "architecture_maturity": 68.942, "architecture_confidence": 92.776, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 39.69, "rotation_up": 28.79, "upward_expansion": 57.75, "deceleration": 88.27, "rotation_down": 28.18, "downward_expansion": 19.08 }, "activity_lines": [ 39.218, 39.537091, 39.122548, 37.620979 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 40.459999, "trend_reference": 35.7815, "distance_from_trend": 0.130752, "trend_direction": "Improving", "fair_value": 28.846398, "distance_from_fair_value": 0.402601, "fair_value_direction": "Improving", "relative_strength": 5.105626, "relative_strength_direction": "Weakening", "price_momentum": 0.288125, "excess_performance": 0.167703, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.130752, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069925, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.402601, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006501, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.051056, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.043685, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.288125, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.383926, "read": "Demand-led" } ], "volume": { "latest": 78700, "relative_activity": 0.291741, "balance": 5.383926, "dry_up": 0.451976, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.063272, "annualized_volatility": 0.277661, "from_high_reference": -0.056216, "from_low_reference": 0.411231 }, "levels": { "trend_reference": 35.7815, "fair_value_reference": 28.846398, "structural_low": 28.67, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.029958, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.020732, "regime_survival": 0.75, "best_return": 0.00525, "worst_return": -0.065438, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.076623, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.133225, "regime_survival": 0.0, "best_return": -0.076623, "worst_return": -0.076623, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.176082, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.077009, "regime_survival": 0.0, "best_return": 0.176082, "worst_return": 0.176082, "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": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": 0.013402, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-02-27", "tenure": "Established", "return": -0.054087, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.005532, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.115058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.030303, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.059603, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-17", "tenure": "Developing", "return": -0.00725, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.061664, "active": true } ], "chart_path": [ { "date": "2024-05-10", "close": 20.74, "volume": 59100, "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": "2024-05-17", "close": 21.24, "volume": 7200, "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": "2024-05-24", "close": 21.709999, "volume": 21700, "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": "2024-05-31", "close": 20.780001, "volume": 8300, "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": "2024-06-07", "close": 21.92, "volume": 13300, "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": "2024-06-14", "close": 23.049999, "volume": 11200, "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": "2024-06-21", "close": 22.91, "volume": 53500, "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": "2024-06-28", "close": 23.08, "volume": 80500, "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": "2024-07-05", "close": 23.969999, "volume": 8800, "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": "2024-07-12", "close": 23.860001, "volume": 22500, "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": "2024-07-19", "close": 22.389999, "volume": 24700, "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": "2024-07-26", "close": 21.77, "volume": 26100, "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": "2024-08-02", "close": 20.82, "volume": 17900, "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": "2024-08-09", "close": 20.9, "volume": 5200, "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": "2024-08-16", "close": 22.25, "volume": 8100, "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": "2024-08-23", "close": 22.18, "volume": 7600, "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": "2024-08-30", "close": 21.82, "volume": 10600, "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": "2024-09-06", "close": 20.33, "volume": 9300, "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": "2024-09-13", "close": 22.049999, "volume": 11500, "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": "2024-09-20", "close": 22.52, "volume": 19000, "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": "2024-09-27", "close": 22.73, "volume": 16300, "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": "2024-10-04", "close": 22.700001, "volume": 27200, "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": 23.969999, "volume": 10600, "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": 24.01, "volume": 9200, "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": 24.26, "volume": 37300, "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": 23.959999, "volume": 288200, "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": 25.389999, "volume": 140200, "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": 24.84, "volume": 92600, "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": 25.18, "volume": 99800, "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": 25.27, "volume": 32300, "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": 27.120001, "volume": 33300, "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": 27.49, "volume": 59300, "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": 27.35, "volume": 74600, "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": 27.700001, "volume": 42900, "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": 27.870001, "volume": 45100, "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": 27.209999, "volume": 40000, "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": 28.08, "volume": 32900, "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": 28.58, "volume": 78800, "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": 27.889999, "volume": 126900, "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": 27.610001, "volume": 35900, "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": 27.780001, "volume": 35800, "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": 26.6, "volume": 14900, "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": 25.625, "volume": 41000, "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": 24.120001, "volume": 32100, "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": 23.790001, "volume": 23300, "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": 23.58, "volume": 26500, "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": 22.6, "volume": 27600, "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": 19.99, "volume": 47500, "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": 21.370001, "volume": 109800, "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": 20.549999, "volume": 8500, "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": 22.49, "volume": 36200, "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": 23.4, "volume": 41000, "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": 23.6, "volume": 75900, "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": 25.6, "volume": 83000, "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": 24.84, "volume": 39400, "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": 25.290001, "volume": 45600, "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": 26.18, "volume": 17600, "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": 25.889999, "volume": 37200, "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": 26.23, "volume": 27800, "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": 27.73, "volume": 51600, "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": 27.610001, "volume": 22500, "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": 27.82, "volume": 40200, "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": 28.68, "volume": 24400, "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": 29.200001, "volume": 31500, "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": 29.209999, "volume": 59500, "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": 30.190001, "volume": 60700, "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": 30.290001, "volume": 87000, "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": 29.700001, "volume": 55000, "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": 29.76, "volume": 44300, "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": 30.790001, "volume": 51600, "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": 31.73, "volume": 117600, "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": 32.48, "volume": 113600, "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": 32.110001, "volume": 102400, "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": 32.580002, "volume": 48600, "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": 32.115002, "volume": 140400, "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": 33.0, "volume": 142100, "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": 33.955002, "volume": 65400, "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": 35.380001, "volume": 86800, "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": 33.744999, "volume": 381000, "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": 32.830002, "volume": 454500, "typical_volume": 106455.0, "trend": 29.1475, "fair_value": 25.874125, "relative_strength": 4.644008, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.163173, "energy": 56.314987, "activity_lines": [ 33.745334, 33.357183, 32.250215, 31.024678 ] }, { "date": "2025-11-21", "close": 31.290001, "volume": 438900, "typical_volume": 127275.0, "trend": 29.440834, "fair_value": 25.940988, "relative_strength": 0.194515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.88317, "energy": 37.500072, "activity_lines": [ 32.914668, 33.047637, 32.262715, 31.162904 ] }, { "date": "2025-11-28", "close": 33.27, "volume": 227900, "typical_volume": 136660.0, "trend": 29.769834, "fair_value": 26.030366, "relative_strength": 2.243891, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.586416, "energy": 26.415427, "activity_lines": [ 32.858001, 33.106092, 32.446263, 31.409947 ] }, { "date": "2025-12-05", "close": 33.279999, "volume": 207500, "typical_volume": 145815.0, "trend": 30.0925, "fair_value": 26.117711, "relative_strength": 2.493997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.002526, "energy": 22.322436, "activity_lines": [ 32.850333, 33.152, 32.60481, 31.636409 ] }, { "date": "2025-12-12", "close": 32.009998, "volume": 168600, "typical_volume": 152670.0, "trend": 30.306167, "fair_value": 26.187857, "relative_strength": -1.96114, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.122624, "energy": 19.982717, "activity_lines": [ 32.559333, 32.945727, 32.6205, 31.760119 ] }, { "date": "2025-12-19", "close": 32.220001, "volume": 187500, "typical_volume": 159070.0, "trend": 30.552167, "fair_value": 26.258824, "relative_strength": -1.85057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.96137, "energy": 17.923999, "activity_lines": [ 32.454, 32.788, 32.64281, 31.883592 ] }, { "date": "2025-12-26", "close": 32.52, "volume": 28700, "typical_volume": 157470.0, "trend": 30.793167, "fair_value": 26.331628, "relative_strength": -1.507301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.255128, "energy": 14.904531, "activity_lines": [ 32.489333, 32.682909, 32.679358, 32.010549 ] }, { "date": "2026-01-02", "close": 32.380001, "volume": 186000, "typical_volume": 162420.0, "trend": 30.999834, "fair_value": 26.40115, "relative_strength": -1.396937, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.451376, "energy": 12.268727, "activity_lines": [ 32.396, 32.561091, 32.691477, 32.112925 ] }, { "date": "2026-01-09", "close": 33.529999, "volume": 189900, "typical_volume": 169165.0, "trend": 31.2545, "fair_value": 26.482159, "relative_strength": -0.047366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.842446, "energy": 20.495518, "activity_lines": [ 32.745333, 32.677, 32.803167, 32.276162 ] }, { "date": "2026-01-16", "close": 33.790001, "volume": 217000, "typical_volume": 177800.0, "trend": 31.5065, "fair_value": 26.56427, "relative_strength": -0.394671, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.540169, "energy": 26.972594, "activity_lines": [ 33.164667, 32.873818, 32.921381, 32.439742 ] }, { "date": "2026-01-23", "close": 32.970001, "volume": 314400, "typical_volume": 190940.0, "trend": 31.681167, "fair_value": 26.635445, "relative_strength": -2.88614, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 36.771184, "energy": 24.47054, "activity_lines": [ 33.192001, 32.920728, 32.94231, 32.534162 ] }, { "date": "2026-01-30", "close": 32.549999, "volume": 324100, "typical_volume": 201265.0, "trend": 31.845834, "fair_value": 26.70044, "relative_strength": -0.318674, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.585857, "energy": 21.565739, "activity_lines": [ 33.029333, 32.888727, 32.912857, 32.590215 ] }, { "date": "2026-02-06", "close": 31.41, "volume": 684500, "typical_volume": 229810.0, "trend": 31.9655, "fair_value": 26.751631, "relative_strength": -5.221701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.054281, "energy": 2.529262, "activity_lines": [ 32.484667, 32.626546, 32.770929, 32.562097 ] }, { "date": "2026-02-13", "close": 31.42, "volume": 682500, "typical_volume": 258815.0, "trend": 32.056834, "fair_value": 26.801828, "relative_strength": -6.672794, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.006187, "energy": 19.062583, "activity_lines": [ 32.008, 32.4, 32.635048, 32.526904 ] }, { "date": "2026-02-20", "close": 32.02, "volume": 345600, "typical_volume": 273665.0, "trend": 32.150834, "fair_value": 26.857341, "relative_strength": -6.787143, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.655719, "energy": 24.433642, "activity_lines": [ 31.872, 32.316364, 32.559595, 32.524527 ] }, { "date": "2026-02-27", "close": 31.48, "volume": 400000, "typical_volume": 286645.0, "trend": 32.2265, "fair_value": 26.906, "relative_strength": -9.595341, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.897233, "energy": 41.38134, "activity_lines": [ 31.674, 32.134364, 32.435381, 32.481248 ] }, { "date": "2026-03-06", "close": 30.73, "volume": 385500, "typical_volume": 298815.0, "trend": 32.2445, "fair_value": 26.945833, "relative_strength": -8.319178, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.095927, "energy": 50.668812, "activity_lines": [ 31.325333, 31.829455, 32.242762, 32.384699 ] }, { "date": "2026-03-13", "close": 31.17, "volume": 286900, "typical_volume": 309890.0, "trend": 32.273834, "fair_value": 26.989382, "relative_strength": -5.438331, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.591044, "energy": 40.486077, "activity_lines": [ 31.244667, 31.637091, 32.102857, 32.315377 ] }, { "date": "2026-03-20", "close": 30.559999, "volume": 250300, "typical_volume": 318065.0, "trend": 32.3025, "fair_value": 27.025816, "relative_strength": -3.721384, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.401267, "energy": 57.114529, "activity_lines": [ 30.976666, 31.355818, 31.918119, 32.204807 ] }, { "date": "2026-03-27", "close": 29.42, "volume": 217800, "typical_volume": 309905.0, "trend": 32.291167, "fair_value": 27.05, "relative_strength": -9.191805, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.308693, "energy": 65.500203, "activity_lines": [ 30.386, 30.921273, 31.647762, 32.018839 ] }, { "date": "2026-04-03", "close": 30.959999, "volume": 375100, "typical_volume": 305935.0, "trend": 32.296834, "fair_value": 27.0891, "relative_strength": -7.878491, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.991239, "energy": 44.402094, "activity_lines": [ 30.481999, 30.846181, 31.544666, 31.932957 ] }, { "date": "2026-04-10", "close": 32.805, "volume": 348600, "typical_volume": 301420.0, "trend": 32.332667, "fair_value": 27.145693, "relative_strength": -4.213523, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.601448, "energy": 19.717092, "activity_lines": [ 31.227666, 31.143091, 31.62619, 31.965742 ] }, { "date": "2026-04-17", "close": 35.310001, "volume": 362600, "typical_volume": 308155.0, "trend": 32.427, "fair_value": 27.225735, "relative_strength": 0.807381, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.290052, "energy": 19.23558, "activity_lines": [ 32.67, 31.890818, 31.939071, 32.157828 ] }, { "date": "2026-04-24", "close": 36.380001, "volume": 306300, "typical_volume": 313095.0, "trend": 32.569334, "fair_value": 27.314612, "relative_strength": 4.894598, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.558119, "energy": 42.854288, "activity_lines": [ 34.193, 32.762182, 32.344143, 32.41286 ] }, { "date": "2026-05-01", "close": 36.240002, "volume": 423600, "typical_volume": 325845.0, "trend": 32.691334, "fair_value": 27.400433, "relative_strength": 4.267115, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.148545, "energy": 67.936449, "activity_lines": [ 35.281334, 33.51791, 32.721119, 32.649678 ] }, { "date": "2026-05-08", "close": 38.400002, "volume": 867000, "typical_volume": 359820.0, "trend": 32.900834, "fair_value": 27.505191, "relative_strength": 9.474077, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.302173, "energy": 90.809084, "activity_lines": [ 36.635002, 34.589637, 33.283667, 33.017979 ] }, { "date": "2026-05-15", "close": 38.619999, "volume": 677200, "typical_volume": 392245.0, "trend": 33.088167, "fair_value": 27.610047, "relative_strength": 10.57475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.283212, "energy": 91.212722, "activity_lines": [ 37.566001, 35.575546, 33.837738, 33.386957 ] }, { "date": "2026-05-22", "close": 39.0, "volume": 657900, "typical_volume": 415840.0, "trend": 33.256334, "fair_value": 27.716495, "relative_strength": 9.246938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.980556, "energy": 90.571659, "activity_lines": [ 38.236, 36.487091, 34.398953, 33.768366 ] }, { "date": "2026-05-29", "close": 40.98, "volume": 229900, "typical_volume": 417840.0, "trend": 33.443, "fair_value": 27.839306, "relative_strength": 13.363205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.673469, "energy": 93.757971, "activity_lines": [ 39.32, 37.616273, 35.117215, 34.266667 ] }, { "date": "2026-06-05", "close": 39.139999, "volume": 155100, "typical_volume": 414745.0, "trend": 33.622833, "fair_value": 27.942982, "relative_strength": 9.095843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.368359, "energy": 81.43434, "activity_lines": [ 39.484, 38.221455, 35.624762, 34.634215 ] }, { "date": "2026-06-12", "close": 39.830002, "volume": 68000, "typical_volume": 402425.0, "trend": 33.856167, "fair_value": 28.051046, "relative_strength": 9.024547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.028617, "energy": 76.202193, "activity_lines": [ 39.684667, 38.775364, 36.172548, 35.034678 ] }, { "date": "2026-06-19", "close": 42.200001, "volume": 2300, "typical_volume": 386335.0, "trend": 34.219833, "fair_value": 28.178514, "relative_strength": 14.950906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.407738, "energy": 80.80016, "activity_lines": [ 40.580001, 39.59891, 36.913381, 35.57299 ] }, { "date": "2026-06-26", "close": 39.43, "volume": 29400, "typical_volume": 353580.0, "trend": 34.425167, "fair_value": 28.278973, "relative_strength": 7.197993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.164943, "energy": 60.355341, "activity_lines": [ 40.313334, 39.748, 37.344453, 35.909129 ] }, { "date": "2026-07-03", "close": 40.049999, "volume": 500, "typical_volume": 319480.0, "trend": 34.650833, "fair_value": 28.383142, "relative_strength": 7.829906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.091714, "energy": 56.707044, "activity_lines": [ 40.224667, 39.934909, 37.796381, 36.272022 ] }, { "date": "2026-07-10", "close": 41.240002, "volume": 186200, "typical_volume": 311510.0, "trend": 34.9585, "fair_value": 28.495921, "relative_strength": 10.571728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.083313, "energy": 58.317972, "activity_lines": [ 40.594667, 40.271455, 38.320548, 36.697129 ] }, { "date": "2026-07-17", "close": 38.34, "volume": 112800, "typical_volume": 297150.0, "trend": 35.1625, "fair_value": 28.581522, "relative_strength": 2.847317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.275911, "energy": 37.699223, "activity_lines": [ 39.858, 39.989819, 38.524619, 36.915291 ] }, { "date": "2026-07-24", "close": 38.110001, "volume": 93400, "typical_volume": 282545.0, "trend": 35.348834, "fair_value": 28.663664, "relative_strength": 1.897608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.704676, "energy": 29.184578, "activity_lines": [ 39.144001, 39.667455, 38.67412, 37.105452 ] }, { "date": "2026-07-31", "close": 38.43, "volume": 202800, "typical_volume": 278340.0, "trend": 35.5505, "fair_value": 28.747137, "relative_strength": 3.151735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.708331, "energy": 20.653333, "activity_lines": [ 38.809334, 39.412546, 38.818953, 37.304237 ] }, { "date": "2026-08-07", "close": 40.459999, "volume": 78700, "typical_volume": 269760.0, "trend": 35.7815, "fair_value": 28.846398, "relative_strength": 5.105626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.583184, "energy": 23.583106, "activity_lines": [ 39.218, 39.537091, 39.122548, 37.620979 ] } ], "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." } } }