{ "ticker": { "uuid": "00c0ba0e-839d-4b83-8101-db908d22fc0b", "symbol": "MLTX", "name": "MoonLake Immunotherapeutics", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 28.335, "architecture_energy": 13.765, "architecture_maturity": 17.816, "architecture_confidence": 75.816, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 53.78, "rotation_up": 25.53, "upward_expansion": 52.97, "deceleration": 88.9, "rotation_down": 27.49, "downward_expansion": 18.97 }, "activity_lines": [ 18.789333, 19.052727, 18.728048, 18.364151 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 18.26, "trend_reference": 17.822667, "distance_from_trend": 0.024538, "trend_direction": "Improving", "fair_value": 39.163301, "distance_from_fair_value": -0.533747, "fair_value_direction": "Improving", "relative_strength": -26.791183, "relative_strength_direction": "Improving", "price_momentum": 0.177305, "excess_performance": -0.010149, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024538, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.110631, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.533747, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.051424, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.267912, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.247029, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.177305, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.604322, "read": "Demand-led" } ], "volume": { "latest": 4172267, "relative_activity": 0.784415, "balance": 1.604322, "dry_up": 0.853138, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.125516, "annualized_volatility": 0.392438, "from_high_reference": -0.709004, "from_low_reference": 2.068908 }, "levels": { "trend_reference": 17.822667, "fair_value_reference": 39.163301, "structural_low": 15.23, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.028351, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.023883, "regime_survival": 0.384615, "best_return": 0.111682, "worst_return": -0.145012, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.016241, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.028265, "regime_survival": 0.285714, "best_return": 0.190228, "worst_return": -0.22094, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.112903, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.003135, "regime_survival": 0.25, "best_return": 1.082367, "worst_return": -0.31723, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.153504, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.471317, "regime_survival": 0.0, "best_return": 5.685615, "worst_return": -0.617439, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.043141, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-21", "tenure": "New", "return": -0.079583, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-06-06", "tenure": "Established", "return": 0.122605, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.07487, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.126406, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": 0.171391, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": 0.081851, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-02-20", "tenure": "Established", "return": 0.971639, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": 0.036551, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.070636, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.026193, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": 0.126026, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.073367, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 57.63, "volume": 1636205, "typical_volume": 2948578.6, "trend": 31.0135, "fair_value": 13.770258, "relative_strength": 144.336764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.897664, "energy": 65.171264, "activity_lines": [ 57.582667, 54.800909, 44.998167, 38.772462 ] }, { "date": "2023-08-25", "close": 56.81, "volume": 2020681, "typical_volume": 3011614.35, "trend": 32.508833, "fair_value": 14.059115, "relative_strength": 128.388271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.939857, "energy": 61.262138, "activity_lines": [ 57.255333, 56.093273, 46.852571, 40.436753 ] }, { "date": "2023-09-01", "close": 53.93, "volume": 3557441, "typical_volume": 3103823.7, "trend": 33.904833, "fair_value": 14.324921, "relative_strength": 102.551201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.41229, "energy": 49.609294, "activity_lines": [ 55.956667, 56.303273, 48.262548, 41.818763 ] }, { "date": "2023-09-08", "close": 51.14, "volume": 1829975, "typical_volume": 3083873.75, "trend": 35.116833, "fair_value": 14.56873, "relative_strength": 88.88543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.90819, "energy": 40.661202, "activity_lines": [ 54.216667, 55.496, 49.240667, 42.93071 ] }, { "date": "2023-09-15", "close": 56.22, "volume": 3542954, "typical_volume": 3154667.65, "trend": 36.3925, "fair_value": 14.842751, "relative_strength": 101.909223, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.802795, "energy": 36.140906, "activity_lines": [ 54.58, 55.609818, 50.562286, 44.292204 ] }, { "date": "2023-09-22", "close": 52.19, "volume": 1554392, "typical_volume": 3107634.25, "trend": 37.532167, "fair_value": 15.086851, "relative_strength": 88.17792, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.543681, "energy": 28.342181, "activity_lines": [ 53.594667, 54.892909, 51.33381, 45.311398 ] }, { "date": "2023-09-29", "close": 57.0, "volume": 1977394, "typical_volume": 3132130.45, "trend": 38.6985, "fair_value": 15.359014, "relative_strength": 98.90408, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.256453, "energy": 35.343709, "activity_lines": [ 54.575333, 55.088364, 52.443048, 46.567387 ] }, { "date": "2023-10-06", "close": 60.42, "volume": 2708139, "typical_volume": 3202645.1, "trend": 40.001167, "fair_value": 15.64973, "relative_strength": 100.664466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.840683, "energy": 47.40658, "activity_lines": [ 56.683333, 55.899091, 53.738571, 47.968774 ] }, { "date": "2023-10-13", "close": 54.67, "volume": 3640192, "typical_volume": 3132786.4, "trend": 41.052167, "fair_value": 15.89986, "relative_strength": 76.522828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.514561, "energy": 39.10076, "activity_lines": [ 56.442, 55.679636, 54.329952, 48.915151 ] }, { "date": "2023-10-20", "close": 54.99, "volume": 4308340, "typical_volume": 3293079.9, "trend": 42.1845, "fair_value": 16.184668, "relative_strength": 77.892974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.120437, "energy": 37.303872, "activity_lines": [ 56.072, 55.566, 54.821571, 49.814366 ] }, { "date": "2023-10-27", "close": 49.97, "volume": 2091198, "typical_volume": 3314698.6, "trend": 43.137167, "fair_value": 16.439219, "relative_strength": 61.855373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.429846, "energy": 20.132978, "activity_lines": [ 54.110667, 54.560545, 54.706095, 50.316656 ] }, { "date": "2023-11-03", "close": 51.28, "volume": 2866027, "typical_volume": 3356684.85, "trend": 44.143833, "fair_value": 16.701975, "relative_strength": 52.465906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.78583, "energy": 14.320389, "activity_lines": [ 52.734, 53.932545, 54.616762, 50.842 ] }, { "date": "2023-11-10", "close": 37.65, "volume": 10447178, "typical_volume": 3823678.15, "trend": 44.764167, "fair_value": 16.876847, "relative_strength": 7.244471, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -18.84009, "energy": 26.265632, "activity_lines": [ 47.195333, 50.926909, 53.109333, 50.423043 ] }, { "date": "2023-11-17", "close": 42.74, "volume": 3242314, "typical_volume": 2995224.65, "trend": 45.466333, "fair_value": 17.082873, "relative_strength": 17.366476, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -26.912948, "energy": 36.374696, "activity_lines": [ 44.871333, 49.142727, 52.030619, 50.292452 ] }, { "date": "2023-11-24", "close": 46.38, "volume": 1987612, "typical_volume": 2984648.8, "trend": 46.302333, "fair_value": 17.311815, "relative_strength": 24.031224, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.349646, "energy": 39.136117, "activity_lines": [ 44.556, 48.173091, 51.337905, 50.351398 ] }, { "date": "2023-12-01", "close": 46.1, "volume": 4119897, "typical_volume": 3032971.9, "trend": 46.942, "fair_value": 17.539508, "relative_strength": 21.117334, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.294414, "energy": 37.243632, "activity_lines": [ 44.721333, 47.331455, 50.639714, 50.338344 ] }, { "date": "2023-12-08", "close": 55.4, "volume": 3792665, "typical_volume": 3067286.35, "trend": 47.864667, "fair_value": 17.824123, "relative_strength": 41.736562, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 13.121746, "energy": 10.347952, "activity_lines": [ 48.244667, 48.291455, 50.866143, 50.884022 ] }, { "date": "2023-12-15", "close": 60.65, "volume": 2913011, "typical_volume": 3082979.85, "trend": 48.968, "fair_value": 18.143162, "relative_strength": 46.834999, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.301757, "energy": 26.894436, "activity_lines": [ 53.243333, 50.235091, 51.598476, 51.708882 ] }, { "date": "2023-12-22", "close": 60.15, "volume": 2651800, "typical_volume": 3118718.4, "trend": 50.062333, "fair_value": 18.458097, "relative_strength": 41.335227, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.716019, "energy": 35.164915, "activity_lines": [ 56.542, 52.083636, 52.286095, 52.430301 ] }, { "date": "2023-12-29", "close": 60.39, "volume": 1641091, "typical_volume": 3126425.3, "trend": 51.145333, "fair_value": 18.772328, "relative_strength": 38.673802, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.399086, "energy": 44.215578, "activity_lines": [ 58.76, 53.876182, 52.982952, 53.096602 ] }, { "date": "2024-01-05", "close": 54.68, "volume": 2035127, "typical_volume": 3146371.4, "trend": 51.992667, "fair_value": 19.049123, "relative_strength": 27.506787, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.005274, "energy": 51.116594, "activity_lines": [ 58.140667, 54.532364, 53.115762, 53.324645 ] }, { "date": "2024-01-12", "close": 58.3, "volume": 2369309, "typical_volume": 3163802.8, "trend": 53.066667, "fair_value": 19.350726, "relative_strength": 29.399829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.554033, "energy": 44.396886, "activity_lines": [ 58.156, 55.761091, 53.607381, 53.73157 ] }, { "date": "2024-01-19", "close": 53.53, "volume": 978034, "typical_volume": 3034832.45, "trend": 53.988333, "fair_value": 19.622072, "relative_strength": 13.80195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 12.567627, "energy": 14.229535, "activity_lines": [ 56.388, 55.994909, 53.637619, 53.761462 ] }, { "date": "2024-01-26", "close": 57.18, "volume": 1560755, "typical_volume": 3021371.45, "trend": 54.194333, "fair_value": 19.918097, "relative_strength": 18.876895, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.750682, "energy": 9.908413, "activity_lines": [ 56.311333, 56.603636, 54.017381, 53.967376 ] }, { "date": "2024-02-02", "close": 55.25, "volume": 1985188, "typical_volume": 2943483.15, "trend": 54.341667, "fair_value": 20.201751, "relative_strength": 11.783458, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.373992, "energy": 7.592145, "activity_lines": [ 55.789333, 56.598909, 54.184571, 54.035484 ] }, { "date": "2024-02-09", "close": 63.19, "volume": 1756988, "typical_volume": 2953612.95, "trend": 54.639, "fair_value": 20.53329, "relative_strength": 23.538512, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.503884, "energy": 22.90014, "activity_lines": [ 58.256667, 57.876545, 55.112571, 54.606344 ] }, { "date": "2024-02-16", "close": 59.92, "volume": 2086969, "typical_volume": 2959091.7, "trend": 54.748333, "fair_value": 20.836601, "relative_strength": 17.381938, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.149128, "energy": 42.689261, "activity_lines": [ 59.066667, 58.248909, 55.676762, 54.947054 ] }, { "date": "2024-02-23", "close": 52.05, "volume": 1765455, "typical_volume": 2911957.5, "trend": 54.441333, "fair_value": 21.099742, "relative_strength": -0.406812, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.986146, "energy": 19.179884, "activity_lines": [ 57.145333, 57.108182, 55.477524, 54.772968 ] }, { "date": "2024-03-01", "close": 50.92, "volume": 4697801, "typical_volume": 2964837.95, "trend": 54.229, "fair_value": 21.359165, "relative_strength": -5.114474, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.170235, "energy": 8.049683, "activity_lines": [ 54.946, 55.918364, 55.210524, 54.545785 ] }, { "date": "2024-03-08", "close": 45.61, "volume": 1998197, "typical_volume": 2849330.8, "trend": 53.878, "fair_value": 21.582754, "relative_strength": -14.136919, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.350175, "energy": 26.659887, "activity_lines": [ 51.394, 53.930909, 54.455667, 53.98972 ] }, { "date": "2024-03-15", "close": 47.25, "volume": 3336253, "typical_volume": 2911583.55, "trend": 53.532, "fair_value": 21.819613, "relative_strength": -10.467815, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.773062, "energy": 37.947832, "activity_lines": [ 49.031333, 52.510364, 53.901667, 53.562108 ] }, { "date": "2024-03-22", "close": 52.0, "volume": 2491656, "typical_volume": 2892865.0, "trend": 53.371667, "fair_value": 22.087844, "relative_strength": -5.068997, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.538644, "energy": 39.911794, "activity_lines": [ 49.314667, 52.088545, 53.813, 53.463269 ] }, { "date": "2024-03-29", "close": 50.23, "volume": 2599504, "typical_volume": 2500481.3, "trend": 53.248333, "fair_value": 22.344062, "relative_strength": -8.471135, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.537578, "energy": 38.476359, "activity_lines": [ 49.536, 51.459455, 53.552333, 53.260581 ] }, { "date": "2024-04-05", "close": 47.17, "volume": 2349451, "typical_volume": 2455838.15, "trend": 53.116, "fair_value": 22.580985, "relative_strength": -13.897083, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.778567, "energy": 39.013893, "activity_lines": [ 48.858667, 50.334, 52.940333, 52.86843 ] }, { "date": "2024-04-12", "close": 43.91, "volume": 1672257, "typical_volume": 2440070.4, "trend": 52.705667, "fair_value": 22.797139, "relative_strength": -19.940906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.495384, "energy": 41.162896, "activity_lines": [ 47.344667, 48.797818, 51.996762, 52.274495 ] }, { "date": "2024-04-19", "close": 42.19, "volume": 1647250, "typical_volume": 2316438.05, "trend": 52.372333, "fair_value": 23.003165, "relative_strength": -19.103231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.616332, "energy": 59.651017, "activity_lines": [ 45.370667, 47.155091, 50.901143, 51.596065 ] }, { "date": "2024-04-26", "close": 42.49, "volume": 1617853, "typical_volume": 2207697.45, "trend": 51.888667, "fair_value": 23.210729, "relative_strength": -22.001582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.465395, "energy": 67.824273, "activity_lines": [ 43.834, 45.948727, 49.852714, 50.958495 ] }, { "date": "2024-05-03", "close": 45.26, "volume": 1590317, "typical_volume": 2141562.75, "trend": 51.383333, "fair_value": 23.435472, "relative_strength": -18.021338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.546577, "energy": 63.530002, "activity_lines": [ 43.854667, 45.562909, 49.129571, 50.530839 ] }, { "date": "2024-05-10", "close": 40.92, "volume": 1263708, "typical_volume": 2072158.15, "trend": 50.925, "fair_value": 23.633678, "relative_strength": -27.059818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.612155, "energy": 66.498507, "activity_lines": [ 42.76, 44.511455, 48.066381, 49.855785 ] }, { "date": "2024-05-17", "close": 39.75, "volume": 1388639, "typical_volume": 2059535.55, "trend": 50.417, "fair_value": 23.824703, "relative_strength": -30.725222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.498474, "energy": 65.066103, "activity_lines": [ 41.692, 43.429091, 46.983333, 49.134817 ] }, { "date": "2024-05-24", "close": 40.85, "volume": 1901994, "typical_volume": 2052878.9, "trend": 50.113, "fair_value": 24.022459, "relative_strength": -29.879432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.939957, "energy": 58.210556, "activity_lines": [ 41.268, 42.653273, 46.103333, 48.517591 ] }, { "date": "2024-05-31", "close": 40.66, "volume": 1317445, "typical_volume": 2000285.7, "trend": 49.759, "fair_value": 24.218677, "relative_strength": -29.202368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.585245, "energy": 67.294425, "activity_lines": [ 40.87, 41.959273, 45.271095, 47.90772 ] }, { "date": "2024-06-07", "close": 41.67, "volume": 1682226, "typical_volume": 2035495.3, "trend": 49.893, "fair_value": 24.421305, "relative_strength": -29.437277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.953332, "energy": 58.25558, "activity_lines": [ 40.930667, 41.655091, 44.619048, 47.385849 ] }, { "date": "2024-06-14", "close": 41.41, "volume": 1463073, "typical_volume": 2030611.2, "trend": 49.848667, "fair_value": 24.620087, "relative_strength": -32.406058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.165504, "energy": 44.891252, "activity_lines": [ 41.144, 41.459273, 43.998714, 46.838559 ] }, { "date": "2024-06-21", "close": 38.43, "volume": 1449861, "typical_volume": 2003844.85, "trend": 49.583667, "fair_value": 24.800087, "relative_strength": -37.477449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.393805, "energy": 51.127086, "activity_lines": [ 40.331333, 40.826364, 43.169667, 46.101871 ] }, { "date": "2024-06-28", "close": 43.97, "volume": 1975232, "typical_volume": 2014757.05, "trend": 49.512667, "fair_value": 25.016562, "relative_strength": -27.908825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.813991, "energy": 32.74492, "activity_lines": [ 41.453333, 41.300364, 42.948333, 45.739699 ] }, { "date": "2024-07-05", "close": 42.03, "volume": 1271287, "typical_volume": 1973972.95, "trend": 49.067, "fair_value": 25.220023, "relative_strength": -32.899729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.166552, "energy": 28.380633, "activity_lines": [ 41.720667, 41.389273, 42.633762, 45.256946 ] }, { "date": "2024-07-12", "close": 46.4, "volume": 2883774, "typical_volume": 2029888.9, "trend": 48.592, "fair_value": 25.452395, "relative_strength": -25.148016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.398215, "energy": 14.15179, "activity_lines": [ 43.353333, 42.281091, 42.820571, 45.084882 ] }, { "date": "2024-07-19", "close": 44.74, "volume": 1934758, "typical_volume": 1891736.75, "trend": 48.078333, "fair_value": 25.675087, "relative_strength": -24.180936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.230954, "energy": 19.175585, "activity_lines": [ 44.117333, 42.850364, 42.87619, 44.836366 ] }, { "date": "2024-07-26", "close": 44.77, "volume": 1465882, "typical_volume": 1865121.0, "trend": 47.557667, "fair_value": 25.898494, "relative_strength": -21.337808, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.1963, "energy": 13.940369, "activity_lines": [ 44.669333, 43.355636, 42.964095, 44.622925 ] }, { "date": "2024-08-02", "close": 41.28, "volume": 2169781, "typical_volume": 1806797.4, "trend": 47.111, "fair_value": 26.099648, "relative_strength": -24.425961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.09391, "energy": 14.699336, "activity_lines": [ 43.635333, 43.135091, 42.723619, 44.217914 ] }, { "date": "2024-08-09", "close": 44.25, "volume": 1801148, "typical_volume": 1772272.0, "trend": 46.642667, "fair_value": 26.319584, "relative_strength": -18.565357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.126581, "energy": 7.661689, "activity_lines": [ 43.770667, 43.446727, 42.794429, 44.033333 ] }, { "date": "2024-08-16", "close": 48.18, "volume": 1184154, "typical_volume": 1701504.5, "trend": 46.464333, "fair_value": 26.564969, "relative_strength": -15.108218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.394636, "energy": 8.448568, "activity_lines": [ 45.068, 44.407636, 43.276429, 44.132516 ] }, { "date": "2024-08-23", "close": 49.77, "volume": 730407, "typical_volume": 1620552.3, "trend": 46.217333, "fair_value": 26.820866, "relative_strength": -12.461526, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.325006, "energy": 31.763142, "activity_lines": [ 46.776667, 45.539273, 43.919619, 44.345785 ] }, { "date": "2024-08-30", "close": 46.79, "volume": 801328, "typical_volume": 1577005.85, "trend": 45.935333, "fair_value": 27.057469, "relative_strength": -16.440184, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.894112, "energy": 33.170063, "activity_lines": [ 47.156667, 45.977091, 44.266619, 44.382731 ] }, { "date": "2024-09-06", "close": 46.02, "volume": 785800, "typical_volume": 1533933.35, "trend": 45.363, "fair_value": 27.289135, "relative_strength": -12.25203, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.594609, "energy": 36.984489, "activity_lines": [ 47.145333, 46.122909, 44.526571, 44.388194 ] }, { "date": "2024-09-13", "close": 51.14, "volume": 1543078, "typical_volume": 1530194.6, "trend": 45.070333, "fair_value": 27.553174, "relative_strength": -7.268803, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.531567, "energy": 46.144019, "activity_lines": [ 48.524667, 47.162364, 45.255905, 44.760903 ] }, { "date": "2024-09-20", "close": 54.04, "volume": 1963353, "typical_volume": 1548846.4, "trend": 45.136667, "fair_value": 27.836379, "relative_strength": -2.895518, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.270569, "energy": 59.1139, "activity_lines": [ 50.411333, 48.563455, 46.220238, 45.339591 ] }, { "date": "2024-09-27", "close": 49.4, "volume": 1665763, "typical_volume": 1568949.15, "trend": 45.086, "fair_value": 28.089263, "relative_strength": -11.275239, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.785491, "energy": 51.57133, "activity_lines": [ 50.360667, 48.982, 46.700857, 45.614645 ] }, { "date": "2024-10-04", "close": 55.28, "volume": 3695093, "typical_volume": 1684271.85, "trend": 45.408333, "fair_value": 28.37952, "relative_strength": 0.06722, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.584028, "energy": 68.295187, "activity_lines": [ 52.294667, 50.384909, 47.701095, 46.272323 ] }, { "date": "2024-10-11", "close": 48.94, "volume": 2528524, "typical_volume": 1715598.35, "trend": 45.464667, "fair_value": 28.629648, "relative_strength": -11.72281, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.957535, "energy": 46.840013, "activity_lines": [ 51.549333, 50.444, 48.023571, 46.500172 ] }, { "date": "2024-10-18", "close": 48.94, "volume": 925962, "typical_volume": 1696024.2, "trend": 45.362667, "fair_value": 28.879904, "relative_strength": -11.050807, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.053598, "energy": 31.893245, "activity_lines": [ 50.609333, 50.363818, 48.307524, 46.724387 ] }, { "date": "2024-10-25", "close": 46.7, "volume": 815570, "typical_volume": 1652691.4, "trend": 45.245, "fair_value": 29.115161, "relative_strength": -14.507961, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.108711, "energy": 20.247496, "activity_lines": [ 49.069333, 49.791091, 48.338714, 46.810667 ] }, { "date": "2024-11-01", "close": 46.76, "volume": 1305160, "typical_volume": 1644795.75, "trend": 45.231333, "fair_value": 29.351443, "relative_strength": -12.332498, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.632013, "energy": 18.578526, "activity_lines": [ 48.038667, 49.256182, 48.351667, 46.908409 ] }, { "date": "2024-11-08", "close": 51.78, "volume": 1384408, "typical_volume": 1641523.1, "trend": 45.493667, "fair_value": 29.619969, "relative_strength": -7.972721, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.027359, "energy": 20.199373, "activity_lines": [ 48.857333, 49.688727, 48.817238, 47.330903 ] }, { "date": "2024-11-15", "close": 48.83, "volume": 1191939, "typical_volume": 1602358.45, "trend": 45.715, "fair_value": 29.869392, "relative_strength": -9.937099, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.117414, "energy": 14.569875, "activity_lines": [ 48.926, 49.494182, 48.938286, 47.546151 ] }, { "date": "2024-11-22", "close": 54.32, "volume": 1009768, "typical_volume": 1589282.5, "trend": 46.109333, "fair_value": 30.154328, "relative_strength": -1.420689, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.618999, "energy": 30.419978, "activity_lines": [ 50.832, 50.246727, 49.559048, 48.101312 ] }, { "date": "2024-11-29", "close": 54.43, "volume": 595906, "typical_volume": 1474889.1, "trend": 46.415, "fair_value": 30.440033, "relative_strength": -1.774055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.750294, "energy": 46.119044, "activity_lines": [ 52.416, 50.961455, 50.131762, 48.638129 ] }, { "date": "2024-12-06", "close": 54.31, "volume": 774768, "typical_volume": 1416889.6, "trend": 46.861333, "fair_value": 30.724584, "relative_strength": -4.446404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.706696, "energy": 49.367674, "activity_lines": [ 53.444667, 51.647273, 50.65481, 49.147484 ] }, { "date": "2024-12-13", "close": 51.34, "volume": 847113, "typical_volume": 1385951.15, "trend": 47.247667, "fair_value": 30.990097, "relative_strength": -9.492721, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.836359, "energy": 47.329637, "activity_lines": [ 52.98, 51.703818, 50.849429, 49.43643 ] }, { "date": "2024-12-20", "close": 52.17, "volume": 1362618, "typical_volume": 1345593.0, "trend": 47.625, "fair_value": 31.261122, "relative_strength": -5.115459, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.183608, "energy": 34.155103, "activity_lines": [ 52.821333, 51.982909, 51.09181, 49.754 ] }, { "date": "2024-12-27", "close": 55.37, "volume": 696505, "typical_volume": 1290360.85, "trend": 48.115333, "fair_value": 31.55266, "relative_strength": 0.565604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.869272, "energy": 34.111188, "activity_lines": [ 53.506667, 52.785091, 51.587095, 50.253677 ] }, { "date": "2025-01-03", "close": 53.45, "volume": 858207, "typical_volume": 1274063.5, "trend": 48.508, "fair_value": 31.831859, "relative_strength": -1.53735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.375066, "energy": 27.941956, "activity_lines": [ 53.482, 53.121273, 51.846571, 50.597849 ] }, { "date": "2025-01-10", "close": 46.315, "volume": 2351162, "typical_volume": 1355101.25, "trend": 48.6715, "fair_value": 32.065353, "relative_strength": -11.925692, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.352546, "energy": 7.532197, "activity_lines": [ 51.144333, 52.037455, 51.401429, 50.456366 ] }, { "date": "2025-01-17", "close": 43.81, "volume": 2942598, "typical_volume": 1462164.75, "trend": 48.850833, "fair_value": 32.282756, "relative_strength": -18.34807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.319846, "energy": 20.654308, "activity_lines": [ 48.504667, 50.506273, 50.734167, 50.14272 ] }, { "date": "2025-01-24", "close": 45.7, "volume": 3158239, "typical_volume": 1580786.7, "trend": 48.9085, "fair_value": 32.512372, "relative_strength": -15.31155, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.055927, "energy": 27.339533, "activity_lines": [ 46.997, 49.463636, 50.261095, 49.939441 ] }, { "date": "2025-01-31", "close": 45.99, "volume": 1986563, "typical_volume": 1602960.95, "trend": 49.0405, "fair_value": 32.743846, "relative_strength": -12.894225, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.757597, "energy": 36.3514, "activity_lines": [ 46.017333, 48.530636, 49.817167, 49.751151 ] }, { "date": "2025-02-07", "close": 45.06, "volume": 1524319, "typical_volume": 1581009.25, "trend": 48.995833, "fair_value": 32.969038, "relative_strength": -13.786396, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.180257, "energy": 49.546306, "activity_lines": [ 45.353, 47.58, 49.30919, 49.494344 ] }, { "date": "2025-02-14", "close": 43.21, "volume": 1381351, "typical_volume": 1566788.65, "trend": 48.944833, "fair_value": 33.182308, "relative_strength": -18.732321, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.163442, "energy": 51.405048, "activity_lines": [ 44.631333, 46.463364, 48.667786, 49.121065 ] }, { "date": "2025-02-21", "close": 42.33, "volume": 771054, "typical_volume": 1420586.7, "trend": 48.8635, "fair_value": 33.389808, "relative_strength": -17.931269, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.142699, "energy": 62.079583, "activity_lines": [ 43.823333, 45.388545, 47.972048, 48.694301 ] }, { "date": "2025-02-28", "close": 41.76, "volume": 2583233, "typical_volume": 1423322.15, "trend": 48.8795, "fair_value": 33.593718, "relative_strength": -15.640642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.401126, "energy": 63.172652, "activity_lines": [ 42.924, 44.373909, 47.28369, 48.236011 ] }, { "date": "2025-03-07", "close": 38.035, "volume": 1105875, "typical_volume": 1432317.8, "trend": 48.672333, "fair_value": 33.773814, "relative_strength": -20.178307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.832807, "energy": 74.401275, "activity_lines": [ 41.045667, 42.871273, 46.274762, 47.536366 ] }, { "date": "2025-03-14", "close": 38.55, "volume": 2040678, "typical_volume": 1493573.2, "trend": 48.351333, "fair_value": 33.957212, "relative_strength": -16.568597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.130599, "energy": 74.201497, "activity_lines": [ 39.869333, 41.777455, 45.36681, 46.883312 ] }, { "date": "2025-03-21", "close": 40.12, "volume": 2866624, "typical_volume": 1571646.4, "trend": 48.029667, "fair_value": 34.150994, "relative_strength": -12.799035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.147177, "energy": 69.979512, "activity_lines": [ 39.650333, 41.24, 44.64719, 46.352258 ] }, { "date": "2025-03-28", "close": 39.86, "volume": 2563512, "typical_volume": 1630601.6, "trend": 47.798667, "fair_value": 34.340288, "relative_strength": -10.779075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.095992, "energy": 63.511756, "activity_lines": [ 39.550667, 40.767909, 43.934429, 45.825183 ] }, { "date": "2025-04-04", "close": 37.21, "volume": 2825227, "typical_volume": 1712266.0, "trend": 47.505, "fair_value": 34.493878, "relative_strength": -7.223951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.945916, "energy": 54.032875, "activity_lines": [ 38.732333, 39.885818, 43.026048, 45.142043 ] }, { "date": "2025-04-11", "close": 34.9, "volume": 2806370, "typical_volume": 1802096.1, "trend": 46.963667, "fair_value": 34.685224, "relative_strength": -18.66421, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.666293, "energy": 58.564451, "activity_lines": [ 37.447333, 38.738091, 41.953, 44.328817 ] }, { "date": "2025-04-18", "close": 38.325, "volume": 1039304, "typical_volume": 1824266.0, "trend": 46.439833, "fair_value": 34.892436, "relative_strength": -8.310522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.423244, "energy": 51.259505, "activity_lines": [ 37.513, 38.414727, 41.298619, 43.771484 ] }, { "date": "2025-04-25", "close": 39.42, "volume": 1929656, "typical_volume": 1882010.4, "trend": 46.107167, "fair_value": 35.105385, "relative_strength": -11.084183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.940548, "energy": 47.444719, "activity_lines": [ 37.958667, 38.412909, 40.825214, 43.318591 ] }, { "date": "2025-05-02", "close": 42.32, "volume": 3072804, "typical_volume": 1993294.95, "trend": 45.675167, "fair_value": 35.3425, "relative_strength": -7.378558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.226014, "energy": 32.063091, "activity_lines": [ 39.417667, 39.007273, 40.698905, 43.074258 ] }, { "date": "2025-05-09", "close": 38.47, "volume": 2210542, "typical_volume": 2035691.15, "trend": 45.326167, "fair_value": 35.556603, "relative_strength": -15.407527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.246026, "energy": 25.447393, "activity_lines": [ 39.429333, 38.901818, 40.248881, 42.609409 ] }, { "date": "2025-05-16", "close": 37.62, "volume": 1590331, "typical_volume": 2080382.45, "trend": 44.948833, "fair_value": 35.763846, "relative_strength": -22.334196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.033832, "energy": 25.571118, "activity_lines": [ 39.073667, 38.701636, 39.783143, 42.112237 ] }, { "date": "2025-05-23", "close": 38.93, "volume": 1138332, "typical_volume": 2094388.7, "trend": 44.689833, "fair_value": 35.9725, "relative_strength": -17.466005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.957904, "energy": 22.335757, "activity_lines": [ 38.973333, 38.747182, 39.52669, 41.723925 ] }, { "date": "2025-05-30", "close": 39.01, "volume": 719631, "typical_volume": 2012812.15, "trend": 44.4315, "fair_value": 36.170256, "relative_strength": -18.605013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.142443, "energy": 25.978702, "activity_lines": [ 38.859333, 38.800364, 39.347, 41.357484 ] }, { "date": "2025-06-06", "close": 46.88, "volume": 8533036, "typical_volume": 2292334.05, "trend": 44.268167, "fair_value": 36.437628, "relative_strength": -4.137805, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.029269, "energy": 7.347871, "activity_lines": [ 41.396, 40.304636, 39.951619, 41.515452 ] }, { "date": "2025-06-13", "close": 44.21, "volume": 2714565, "typical_volume": 2270150.35, "trend": 44.114167, "fair_value": 36.686603, "relative_strength": -9.032, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.945046, "energy": 14.200208, "activity_lines": [ 42.738667, 41.195818, 40.287333, 41.511699 ] }, { "date": "2025-06-20", "close": 43.5, "volume": 1197680, "typical_volume": 2230706.2, "trend": 43.7535, "fair_value": 36.933526, "relative_strength": -10.509097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.681399, "energy": 18.519981, "activity_lines": [ 43.462, 41.830636, 40.562524, 41.472075 ] }, { "date": "2025-06-27", "close": 47.52, "volume": 2489068, "typical_volume": 2278943.65, "trend": 43.523167, "fair_value": 37.204487, "relative_strength": -6.026068, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.462453, "energy": 41.356503, "activity_lines": [ 45.133333, 43.04, 41.232429, 41.715075 ] }, { "date": "2025-07-04", "close": 48.89, "volume": 1414979, "typical_volume": 2280625.05, "trend": 43.3425, "fair_value": 37.480256, "relative_strength": -4.783832, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.135643, "energy": 54.404041, "activity_lines": [ 46.688667, 44.331273, 42.021095, 42.061323 ] }, { "date": "2025-07-11", "close": 49.0, "volume": 3040192, "typical_volume": 2394081.95, "trend": 43.2645, "fair_value": 37.756731, "relative_strength": -4.104322, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.515729, "energy": 59.760938, "activity_lines": [ 47.622, 45.470364, 42.79319, 42.426323 ] }, { "date": "2025-07-18", "close": 53.09, "volume": 2197422, "typical_volume": 2374791.4, "trend": 43.295167, "fair_value": 38.050705, "relative_strength": 2.594725, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.013386, "energy": 69.852029, "activity_lines": [ 49.777333, 47.231636, 43.923048, 43.060226 ] }, { "date": "2025-07-25", "close": 55.07, "volume": 2049350, "typical_volume": 2421965.15, "trend": 43.285167, "fair_value": 38.363333, "relative_strength": 5.461019, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.770044, "energy": 82.713668, "activity_lines": [ 52.000667, 49.087091, 45.187524, 43.819892 ] }, { "date": "2025-08-01", "close": 52.92, "volume": 3858011, "typical_volume": 2512831.8, "trend": 43.2675, "fair_value": 38.668077, "relative_strength": 3.563281, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.958126, "energy": 74.047792, "activity_lines": [ 52.736, 50.234364, 46.166119, 44.441495 ] }, { "date": "2025-08-08", "close": 52.4, "volume": 2022745, "typical_volume": 2470637.85, "trend": 43.470333, "fair_value": 38.965705, "relative_strength": -0.986873, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.833063, "energy": 70.814182, "activity_lines": [ 52.938, 51.032727, 47.026762, 45.030688 ] }, { "date": "2025-08-15", "close": 54.39, "volume": 1595919, "typical_volume": 2422258.2, "trend": 43.823, "fair_value": 39.259103, "relative_strength": 2.443171, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.100287, "energy": 62.35278, "activity_lines": [ 53.569333, 51.949455, 48.018452, 45.735183 ] }, { "date": "2025-08-22", "close": 55.89, "volume": 1790762, "typical_volume": 2370534.95, "trend": 44.162667, "fair_value": 39.56359, "relative_strength": 6.402501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.277538, "energy": 54.254325, "activity_lines": [ 54.341333, 53.002364, 49.08381, 46.513699 ] }, { "date": "2025-08-29", "close": 55.75, "volume": 2579802, "typical_volume": 2359206.55, "trend": 44.488, "fair_value": 39.865769, "relative_strength": 6.451563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.732935, "energy": 52.043572, "activity_lines": [ 54.88, 53.817455, 50.046881, 47.261269 ] }, { "date": "2025-09-05", "close": 59.44, "volume": 3905236, "typical_volume": 2502503.15, "trend": 44.967333, "fair_value": 40.197436, "relative_strength": 12.381175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.711529, "energy": 72.578835, "activity_lines": [ 56.603333, 55.080727, 51.262095, 48.225914 ] }, { "date": "2025-09-12", "close": 52.62, "volume": 3721524, "typical_volume": 2592096.55, "trend": 45.281, "fair_value": 40.4875, "relative_strength": -1.930892, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.986163, "energy": 49.389998, "activity_lines": [ 55.618667, 54.887273, 51.727238, 48.719634 ] }, { "date": "2025-09-19", "close": 53.78, "volume": 4980939, "typical_volume": 2687503.3, "trend": 45.662667, "fair_value": 40.785385, "relative_strength": -1.4163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.121645, "energy": 42.316612, "activity_lines": [ 55.006, 54.836909, 52.24, 49.267957 ] }, { "date": "2025-09-26", "close": 61.99, "volume": 3554762, "typical_volume": 2754714.3, "trend": 46.337, "fair_value": 41.133013, "relative_strength": 14.098518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.175761, "energy": 52.63555, "activity_lines": [ 57.170667, 56.192364, 53.480095, 50.321333 ] }, { "date": "2025-10-03", "close": 8.43, "volume": 156138617, "typical_volume": 10482128.6, "trend": 45.350167, "fair_value": 41.1325, "relative_strength": -84.338658, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -42.742545, "energy": 39.780172, "activity_lines": [ 41.075333, 47.647818, 49.507238, 47.87572 ] }, { "date": "2025-10-10", "close": 10.26, "volume": 51306327, "typical_volume": 12990528.35, "trend": 44.407167, "fair_value": 41.141859, "relative_strength": -80.144286, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -51.734713, "energy": 72.382021, "activity_lines": [ 28.744667, 40.284, 45.847667, 45.611839 ] }, { "date": "2025-10-17", "close": 9.12, "volume": 24995861, "typical_volume": 14204339.85, "trend": 43.373833, "fair_value": 41.146154, "relative_strength": -82.447162, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.004664, "energy": 94.688397, "activity_lines": [ 19.312667, 33.488545, 42.216048, 43.335247 ] }, { "date": "2025-10-24", "close": 9.52, "volume": 11803460, "typical_volume": 14367861.05, "trend": 42.3625, "fair_value": 41.156026, "relative_strength": -81.744508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.081904, "energy": 91.213183, "activity_lines": [ 12.914, 27.552727, 38.764857, 41.151129 ] }, { "date": "2025-10-31", "close": 10.1, "volume": 12694727, "typical_volume": 14866869.15, "trend": 41.458833, "fair_value": 41.166346, "relative_strength": -80.646795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.910555, "energy": 87.944266, "activity_lines": [ 9.659333, 22.538182, 35.54681, 39.069677 ] }, { "date": "2025-11-07", "close": 10.63, "volume": 13122436, "typical_volume": 15463106.95, "trend": 40.649833, "fair_value": 41.177051, "relative_strength": -78.56912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.103858, "energy": 88.032064, "activity_lines": [ 10.040667, 18.452545, 32.541667, 37.08072 ] }, { "date": "2025-11-14", "close": 12.77, "volume": 10697987, "typical_volume": 15873552.9, "trend": 39.798, "fair_value": 41.204551, "relative_strength": -73.733896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.343285, "energy": 81.644137, "activity_lines": [ 10.988667, 15.576364, 29.896857, 35.282022 ] }, { "date": "2025-11-21", "close": 12.67, "volume": 10377708, "typical_volume": 16321689.35, "trend": 38.906333, "fair_value": 41.226923, "relative_strength": -72.537643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.146271, "energy": 64.064477, "activity_lines": [ 11.736, 13.530545, 27.408, 33.531828 ] }, { "date": "2025-11-28", "close": 13.73, "volume": 7732995, "typical_volume": 16556329.5, "trend": 37.953333, "fair_value": 41.250513, "relative_strength": -71.035611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.428024, "energy": 57.160617, "activity_lines": [ 12.6, 12.403818, 25.192571, 31.907548 ] }, { "date": "2025-12-05", "close": 14.9, "volume": 10559365, "typical_volume": 16974426.65, "trend": 37.167667, "fair_value": 41.284423, "relative_strength": -68.243173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.755148, "energy": 53.585723, "activity_lines": [ 13.573333, 12.218, 23.256524, 30.420237 ] }, { "date": "2025-12-12", "close": 14.79, "volume": 10269195, "typical_volume": 17385418.9, "trend": 36.406667, "fair_value": 41.320833, "relative_strength": -67.253979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.610488, "energy": 51.019789, "activity_lines": [ 14.19, 12.868364, 21.491857, 28.976516 ] }, { "date": "2025-12-19", "close": 13.39, "volume": 7800416, "typical_volume": 17582539.15, "trend": 35.555333, "fair_value": 41.342564, "relative_strength": -69.893745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.516986, "energy": 48.401303, "activity_lines": [ 14.062667, 13.148545, 19.785667, 27.49157 ] }, { "date": "2025-12-26", "close": 13.83, "volume": 3821505, "typical_volume": 17672477.15, "trend": 34.716, "fair_value": 41.36391, "relative_strength": -68.578745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.338822, "energy": 48.096706, "activity_lines": [ 14.040667, 13.451818, 18.309619, 26.089935 ] }, { "date": "2026-01-02", "close": 11.95, "volume": 4866374, "typical_volume": 17835999.9, "trend": 33.551667, "fair_value": 41.360256, "relative_strength": -71.724957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.205284, "energy": 92.253591, "activity_lines": [ 13.314667, 13.327636, 16.83819, 24.621161 ] }, { "date": "2026-01-09", "close": 18.49, "volume": 45232442, "typical_volume": 20008083.9, "trend": 32.694333, "fair_value": 41.402564, "relative_strength": -56.438429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.435762, "energy": 79.470352, "activity_lines": [ 14.887333, 14.348364, 16.191714, 23.649441 ] }, { "date": "2026-01-16", "close": 16.76, "volume": 12827995, "typical_volume": 20520493.55, "trend": 31.803, "fair_value": 41.438013, "relative_strength": -59.51168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.136174, "energy": 74.274044, "activity_lines": [ 15.644, 14.902, 15.558571, 22.621419 ] }, { "date": "2026-01-23", "close": 15.86, "volume": 7528039, "typical_volume": 20701633.7, "trend": 30.747667, "fair_value": 41.463077, "relative_strength": -61.08781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.42656, "energy": 64.936324, "activity_lines": [ 15.969333, 15.180545, 15.025381, 21.592839 ] }, { "date": "2026-01-30", "close": 15.67, "volume": 5425197, "typical_volume": 20786817.35, "trend": 29.640333, "fair_value": 41.486282, "relative_strength": -60.771865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.867827, "energy": 36.102061, "activity_lines": [ 16.066667, 15.368364, 14.681619, 20.620086 ] }, { "date": "2026-02-06", "close": 15.51, "volume": 6474598, "typical_volume": 20861500.3, "trend": 28.524, "fair_value": 41.490962, "relative_strength": -59.655405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.366312, "energy": 41.919663, "activity_lines": [ 15.988, 15.472545, 14.498571, 19.708452 ] }, { "date": "2026-02-13", "close": 15.77, "volume": 4257378, "typical_volume": 20896631.1, "trend": 27.28, "fair_value": 41.476987, "relative_strength": -57.750115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.543714, "energy": 40.980017, "activity_lines": [ 15.758667, 15.591636, 14.522524, 18.885613 ] }, { "date": "2026-02-20", "close": 18.77, "volume": 8362869, "typical_volume": 13507843.7, "trend": 26.07, "fair_value": 41.481923, "relative_strength": -49.498191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.083372, "energy": 22.748487, "activity_lines": [ 16.710667, 16.240364, 15.052286, 18.336581 ] }, { "date": "2026-02-27", "close": 17.51, "volume": 7936182, "typical_volume": 11339336.45, "trend": 24.889667, "fair_value": 41.453077, "relative_strength": -51.956834, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -14.537095, "energy": 14.386224, "activity_lines": [ 17.108667, 16.587636, 15.41281, 17.784323 ] }, { "date": "2026-03-06", "close": 18.15, "volume": 4105760, "typical_volume": 10294831.4, "trend": 23.748, "fair_value": 41.432628, "relative_strength": -48.795975, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -0.927633, "energy": 14.133771, "activity_lines": [ 17.61, 16.976364, 15.799762, 17.349505 ] }, { "date": "2026-03-13", "close": 17.13, "volume": 3986214, "typical_volume": 9903969.1, "trend": 22.506, "fair_value": 41.394103, "relative_strength": -50.343847, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -4.645973, "energy": 16.685586, "activity_lines": [ 17.606, 17.101091, 16.046571, 16.922538 ] }, { "date": "2026-03-20", "close": 16.27, "volume": 3926469, "typical_volume": 9465556.2, "trend": 21.185333, "fair_value": 41.363654, "relative_strength": -50.985113, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.814778, "energy": 8.945297, "activity_lines": [ 17.207333, 16.975273, 16.175238, 16.520215 ] }, { "date": "2026-03-27", "close": 17.32, "volume": 3867288, "typical_volume": 9002798.8, "trend": 19.904333, "fair_value": 41.337564, "relative_strength": -45.071889, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 2.679257, "energy": 4.313382, "activity_lines": [ 17.125333, 17.080727, 16.374524, 16.270839 ] }, { "date": "2026-04-03", "close": 17.36, "volume": 10497861, "typical_volume": 8992792.5, "trend": 18.501667, "fair_value": 41.313718, "relative_strength": -45.963359, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.429896, "energy": 8.868556, "activity_lines": [ 17.153333, 17.183273, 16.545762, 16.106688 ] }, { "date": "2026-04-10", "close": 17.96, "volume": 6880582, "typical_volume": 8817936.2, "trend": 17.346333, "fair_value": 41.306795, "relative_strength": -45.571918, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.179339, "energy": 15.77263, "activity_lines": [ 17.391333, 17.367636, 16.752286, 16.071742 ] }, { "date": "2026-04-17", "close": 18.34, "volume": 4606742, "typical_volume": 8661623.55, "trend": 16.165, "fair_value": 41.285417, "relative_strength": -46.543843, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.508996, "energy": 37.108693, "activity_lines": [ 17.768667, 17.579455, 16.96981, 16.135849 ] }, { "date": "2026-04-24", "close": 17.18, "volume": 3826803, "typical_volume": 8324995.45, "trend": 14.671333, "fair_value": 41.259006, "relative_strength": -49.950501, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.844259, "energy": 43.297912, "activity_lines": [ 17.678667, 17.528909, 17.054905, 16.201333 ] }, { "date": "2026-05-01", "close": 16.73, "volume": 2895754, "typical_volume": 7956323.4, "trend": 14.948, "fair_value": 41.19375, "relative_strength": -50.869591, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.913724, "energy": 28.473782, "activity_lines": [ 17.378, 17.370909, 17.086286, 16.334151 ] }, { "date": "2026-05-08", "close": 17.06, "volume": 3975885, "typical_volume": 7765096.85, "trend": 15.174667, "fair_value": 41.125417, "relative_strength": -51.49412, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.072712, "energy": 18.431447, "activity_lines": [ 17.226667, 17.31, 17.139857, 16.470409 ] }, { "date": "2026-05-15", "close": 17.55, "volume": 7386435, "typical_volume": 7943343.35, "trend": 15.455667, "fair_value": 41.061314, "relative_strength": -48.993921, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.226963, "energy": 15.539518, "activity_lines": [ 17.258667, 17.346364, 17.222619, 16.623656 ] }, { "date": "2026-05-22", "close": 18.19, "volume": 4122006, "typical_volume": 7906124.95, "trend": 15.744667, "fair_value": 41.002788, "relative_strength": -46.682804, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.782264, "energy": 23.487957, "activity_lines": [ 17.531333, 17.51, 17.348619, 16.800065 ] }, { "date": "2026-05-29", "close": 19.18, "volume": 3218305, "typical_volume": 5805418.1, "trend": 16.047333, "fair_value": 40.946891, "relative_strength": -44.247508, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.356493, "energy": 33.958758, "activity_lines": [ 18.144, 17.834364, 17.53919, 17.021699 ] }, { "date": "2026-06-05", "close": 17.9, "volume": 3348403, "typical_volume": 5331438.5, "trend": 16.289667, "fair_value": 40.874071, "relative_strength": -44.050336, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.429659, "energy": 33.049059, "activity_lines": [ 18.196667, 17.873091, 17.604571, 17.141226 ] }, { "date": "2026-06-12", "close": 18.69, "volume": 4336476, "typical_volume": 5171860.35, "trend": 16.487, "fair_value": 40.826699, "relative_strength": -41.453034, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.748278, "energy": 42.182536, "activity_lines": [ 18.434667, 18.044909, 17.739762, 17.296086 ] }, { "date": "2026-06-19", "close": 19.21, "volume": 3041204, "typical_volume": 5052660.7, "trend": 16.705, "fair_value": 40.783942, "relative_strength": -39.903768, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.121688, "energy": 45.958976, "activity_lines": [ 18.737333, 18.287091, 17.911, 17.471763 ] }, { "date": "2026-06-26", "close": 19.9, "volume": 13899260, "typical_volume": 5423893.8, "trend": 16.910667, "fair_value": 40.584583, "relative_strength": -33.058832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.340232, "energy": 40.671767, "activity_lines": [ 19.159333, 18.632, 18.131095, 17.677892 ] }, { "date": "2026-07-03", "close": 18.95, "volume": 5312814, "typical_volume": 5476665.6, "trend": 17.045667, "fair_value": 40.380224, "relative_strength": -34.966609, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.986463, "energy": 38.471765, "activity_lines": [ 19.150667, 18.775818, 18.23981, 17.809462 ] }, { "date": "2026-07-10", "close": 20.36, "volume": 7012097, "typical_volume": 5409127.0, "trend": 17.231333, "fair_value": 40.162853, "relative_strength": -29.355067, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.820182, "energy": 47.826574, "activity_lines": [ 19.627333, 19.143818, 18.467667, 18.02329 ] }, { "date": "2026-07-17", "close": 19.68, "volume": 5556623, "typical_volume": 5290149.05, "trend": 17.441, "fair_value": 39.925929, "relative_strength": -26.375607, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.482396, "energy": 40.492915, "activity_lines": [ 19.713333, 19.322182, 18.62319, 18.181269 ] }, { "date": "2026-07-24", "close": 19.02, "volume": 4314778, "typical_volume": 5300599.95, "trend": 17.614, "fair_value": 39.65516, "relative_strength": -25.074427, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.428713, "energy": 29.888501, "activity_lines": [ 19.513333, 19.332909, 18.705524, 18.28314 ] }, { "date": "2026-07-31", "close": 18.44, "volume": 4107555, "typical_volume": 5306667.0, "trend": 17.830333, "fair_value": 39.406122, "relative_strength": -25.072755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.927926, "energy": 21.176777, "activity_lines": [ 19.132667, 19.211455, 18.728476, 18.33643 ] }, { "date": "2026-08-07", "close": 18.26, "volume": 4172267, "typical_volume": 5318956.9, "trend": 17.822667, "fair_value": 39.163301, "relative_strength": -26.791183, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.33454, "energy": 13.765128, "activity_lines": [ 18.789333, 19.052727, 18.728048, 18.364151 ] } ], "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." } } }