{ "ticker": { "uuid": "02b63df0-8d2a-41f8-bb81-3cb9af12a0fa", "symbol": "FMBH", "name": "First Mid Illinois Bancshares Inc", "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": 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.384, "architecture_energy": 75.752, "architecture_maturity": 44.587, "architecture_confidence": 83.187, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.35, "rotation_up": 78.25, "upward_expansion": 94.5, "deceleration": 42.77, "rotation_down": 12.0, "downward_expansion": 16.5 }, "activity_lines": [ 50.906667, 49.663091, 47.425744, 45.885506 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 51.17, "trend_reference": 44.213739, "distance_from_trend": 0.157333, "trend_direction": "Improving", "fair_value": 35.77408, "distance_from_fair_value": 0.430365, "fair_value_direction": "Improving", "relative_strength": 8.04216, "relative_strength_direction": "Improving", "price_momentum": 0.16117, "excess_performance": -0.026283, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.157333, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.08103, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.430365, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.14098, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.080422, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.144407, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.16117, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.706808, "read": "Demand-led" } ], "volume": { "latest": 574563, "relative_activity": 0.898411, "balance": 2.706808, "dry_up": 1.150584, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.049743, "annualized_volatility": 0.201771, "from_high_reference": -0.041042, "from_low_reference": 0.526107 }, "levels": { "trend_reference": 44.213739, "fair_value_reference": 35.77408, "structural_low": 38.469862, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.011153, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": 0.008287, "regime_survival": 0.681818, "best_return": 0.112087, "worst_return": -0.161048, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.029427, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": 0.019066, "regime_survival": 0.142857, "best_return": 0.191203, "worst_return": -0.074293, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.081527, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.007749, "regime_survival": 0.4, "best_return": 0.232201, "worst_return": -0.105434, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.089819, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.088486, "regime_survival": 0.333333, "best_return": 0.383611, "worst_return": -0.16034, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.044687, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-21", "tenure": "Developing", "return": -0.093451, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-23", "tenure": "Developing", "return": 0.004992, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.125567, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": -0.024755, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": 0.007474, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-17", "tenure": "Developing", "return": -0.113659, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.044397, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": 0.018197, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": 0.115927, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": -0.037406, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.107252, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.195173, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 26.366463, "volume": 287668, "typical_volume": 279741.1, "trend": 25.153032, "fair_value": 31.49859, "relative_strength": -18.477347, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.804066, "energy": 72.309697, "activity_lines": [ 27.308747, 26.254385, 24.88444, 24.710208 ] }, { "date": "2023-08-25", "close": 26.003365, "volume": 226273, "typical_volume": 278879.7, "trend": 25.067243, "fair_value": 31.519141, "relative_strength": -20.296038, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.79418, "energy": 57.540407, "activity_lines": [ 26.856993, 26.381038, 25.065041, 24.765068 ] }, { "date": "2023-09-01", "close": 26.915764, "volume": 226790, "typical_volume": 280124.85, "trend": 24.948604, "fair_value": 31.546859, "relative_strength": -19.841025, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.096918, "energy": 34.74534, "activity_lines": [ 26.73727, 26.624753, 25.324228, 24.884327 ] }, { "date": "2023-09-08", "close": 25.556476, "volume": 213975, "typical_volume": 282807.45, "trend": 24.843075, "fair_value": 31.569815, "relative_strength": -22.305623, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.347201, "energy": 27.521011, "activity_lines": [ 26.249775, 26.557417, 25.437518, 24.923545 ] }, { "date": "2023-09-15", "close": 25.211999, "volume": 372014, "typical_volume": 289413.8, "trend": 24.699222, "fair_value": 31.591827, "relative_strength": -22.297057, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.914086, "energy": 25.527498, "activity_lines": [ 25.827092, 26.368268, 25.506593, 24.947347 ] }, { "date": "2023-09-22", "close": 24.374082, "volume": 219486, "typical_volume": 287065.8, "trend": 24.571651, "fair_value": 31.624551, "relative_strength": -21.552557, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.287212, "energy": 21.0534, "activity_lines": [ 25.281515, 25.98477, 25.490631, 24.92637 ] }, { "date": "2023-09-29", "close": 24.727869, "volume": 199849, "typical_volume": 282199.4, "trend": 24.443981, "fair_value": 31.642581, "relative_strength": -19.790209, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.428463, "energy": 23.309695, "activity_lines": [ 24.986692, 25.665204, 25.496096, 24.936448 ] }, { "date": "2023-10-06", "close": 25.053726, "volume": 220637, "typical_volume": 276952.85, "trend": 24.461639, "fair_value": 31.648206, "relative_strength": -19.460164, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.829335, "energy": 19.411261, "activity_lines": [ 24.885522, 25.435684, 25.51359, 24.975787 ] }, { "date": "2023-10-13", "close": 25.035106, "volume": 200811, "typical_volume": 276157.25, "trend": 24.48264, "fair_value": 31.662057, "relative_strength": -18.701129, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.82465, "energy": 17.308894, "activity_lines": [ 24.90228, 25.259904, 25.515326, 25.012785 ] }, { "date": "2023-10-20", "close": 24.737179, "volume": 190730, "typical_volume": 271797.65, "trend": 24.488526, "fair_value": 31.660053, "relative_strength": -16.379963, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.4842, "energy": 12.968287, "activity_lines": [ 24.854488, 25.088427, 25.47809, 25.029207 ] }, { "date": "2023-10-27", "close": 24.876832, "volume": 204839, "typical_volume": 265318.35, "trend": 24.487787, "fair_value": 31.667125, "relative_strength": -12.758586, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.93855, "energy": 10.515869, "activity_lines": [ 24.884901, 24.993633, 25.445547, 25.054259 ] }, { "date": "2023-11-03", "close": 27.800232, "volume": 269453, "typical_volume": 266148.35, "trend": 24.605837, "fair_value": 31.695956, "relative_strength": -7.458219, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.674148, "energy": 30.549529, "activity_lines": [ 25.856264, 25.45745, 25.685759, 25.267965 ] }, { "date": "2023-11-10", "close": 27.353343, "volume": 214026, "typical_volume": 252946.05, "trend": 24.735518, "fair_value": 31.711491, "relative_strength": -10.779653, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 53.437451, "energy": 49.313611, "activity_lines": [ 26.47384, 25.807343, 25.862065, 25.445223 ] }, { "date": "2023-11-17", "close": 29.224692, "volume": 285376, "typical_volume": 251596.75, "trend": 24.93764, "fair_value": 31.731721, "relative_strength": -5.815877, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.818762, "energy": 77.159519, "activity_lines": [ 27.561891, 26.489527, 26.197774, 25.734847 ] }, { "date": "2023-11-24", "close": 29.301951, "volume": 173875, "typical_volume": 250621.85, "trend": 25.110627, "fair_value": 31.744761, "relative_strength": -5.629598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.725657, "energy": 83.590258, "activity_lines": [ 28.39639, 27.119062, 26.507873, 26.016416 ] }, { "date": "2023-12-01", "close": 29.733413, "volume": 333597, "typical_volume": 247381.1, "trend": 25.375137, "fair_value": 31.75117, "relative_strength": -3.602816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.990792, "energy": 86.340791, "activity_lines": [ 29.070391, 27.752682, 26.828587, 26.31466 ] }, { "date": "2023-12-08", "close": 30.31495, "volume": 398399, "typical_volume": 247192.5, "trend": 25.694403, "fair_value": 31.759637, "relative_strength": -1.523224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.287389, "energy": 90.412796, "activity_lines": [ 29.614465, 28.394594, 27.179063, 26.633358 ] }, { "date": "2023-12-15", "close": 32.500403, "volume": 1269586, "typical_volume": 295549.0, "trend": 26.040525, "fair_value": 31.779332, "relative_strength": 2.858905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.161015, "energy": 94.329989, "activity_lines": [ 30.719377, 29.332278, 27.719138, 27.072454 ] }, { "date": "2023-12-22", "close": 32.453505, "volume": 533213, "typical_volume": 311963.7, "trend": 26.361987, "fair_value": 31.80123, "relative_strength": 2.513473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.733144, "energy": 86.446612, "activity_lines": [ 31.465518, 30.126041, 28.234248, 27.486195 ] }, { "date": "2023-12-29", "close": 32.509783, "volume": 211014, "typical_volume": 312580.55, "trend": 26.681322, "fair_value": 31.82232, "relative_strength": 3.138544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.071111, "energy": 81.848676, "activity_lines": [ 32.015164, 30.795156, 28.734705, 27.882827 ] }, { "date": "2024-01-05", "close": 31.665616, "volume": 235318, "typical_volume": 309963.05, "trend": 26.947267, "fair_value": 31.82954, "relative_strength": 4.482958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.90562, "energy": 64.024149, "activity_lines": [ 32.069566, 31.169466, 29.131187, 28.204394 ] }, { "date": "2024-01-12", "close": 30.558821, "volume": 240730, "typical_volume": 310685.9, "trend": 27.188636, "fair_value": 31.829221, "relative_strength": -1.511692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.296715, "energy": 55.499768, "activity_lines": [ 31.626222, 31.219108, 29.397026, 28.437398 ] }, { "date": "2024-01-19", "close": 30.465024, "volume": 233509, "typical_volume": 311021.85, "trend": 27.424108, "fair_value": 31.824238, "relative_strength": -3.766114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.400784, "energy": 41.868969, "activity_lines": [ 31.135355, 31.20154, 29.632239, 28.648778 ] }, { "date": "2024-01-26", "close": 31.009043, "volume": 283811, "typical_volume": 314513.65, "trend": 27.714359, "fair_value": 31.834539, "relative_strength": -2.05514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.023678, "energy": 32.270836, "activity_lines": [ 30.961519, 31.226309, 29.902362, 28.880064 ] }, { "date": "2024-02-02", "close": 28.917386, "volume": 382337, "typical_volume": 315029.8, "trend": 27.914871, "fair_value": 31.825868, "relative_strength": -9.000212, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.888571, "energy": 23.106091, "activity_lines": [ 30.186762, 30.838333, 29.947315, 28.957678 ] }, { "date": "2024-02-09", "close": 29.405127, "volume": 258974, "typical_volume": 317004.2, "trend": 28.083294, "fair_value": 31.819711, "relative_strength": -8.473343, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.002508, "energy": 21.673334, "activity_lines": [ 29.814078, 30.54603, 30.021075, 29.053824 ] }, { "date": "2024-02-16", "close": 29.307505, "volume": 321805, "typical_volume": 323102.0, "trend": 28.179483, "fair_value": 31.81148, "relative_strength": -6.65571, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.485484, "energy": 20.043923, "activity_lines": [ 29.559553, 30.241946, 30.06158, 29.132805 ] }, { "date": "2024-02-23", "close": 28.608357, "volume": 151256, "typical_volume": 319632.95, "trend": 28.193241, "fair_value": 31.791154, "relative_strength": -9.418378, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.331308, "energy": 14.772036, "activity_lines": [ 29.1554, 29.829062, 30.013692, 29.160475 ] }, { "date": "2024-03-01", "close": 28.447742, "volume": 197221, "typical_volume": 319453.45, "trend": 28.199797, "fair_value": 31.749589, "relative_strength": -10.951262, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.901446, "energy": 14.214589, "activity_lines": [ 28.821486, 29.457739, 29.933581, 29.176894 ] }, { "date": "2024-03-08", "close": 29.279161, "volume": 233258, "typical_volume": 321579.85, "trend": 28.257164, "fair_value": 31.694041, "relative_strength": -6.499308, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.868586, "energy": 13.423636, "activity_lines": [ 28.935465, 29.310416, 29.916401, 29.24653 ] }, { "date": "2024-03-15", "close": 28.381607, "volume": 324519, "typical_volume": 327563.85, "trend": 28.324335, "fair_value": 31.626861, "relative_strength": -7.926315, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.620859, "energy": 12.848287, "activity_lines": [ 28.726142, 29.058639, 29.792112, 29.254559 ] }, { "date": "2024-03-22", "close": 29.902725, "volume": 389437, "typical_volume": 333563.05, "trend": 28.454314, "fair_value": 31.568089, "relative_strength": -5.502572, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.833085, "energy": 10.365702, "activity_lines": [ 29.092092, 29.143139, 29.796002, 29.356391 ] }, { "date": "2024-03-29", "close": 30.875863, "volume": 243647, "typical_volume": 335044.1, "trend": 28.586317, "fair_value": 31.519585, "relative_strength": -1.678103, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.041877, "energy": 20.602661, "activity_lines": [ 29.74274, 29.416502, 29.882559, 29.51262 ] }, { "date": "2024-04-05", "close": 29.279161, "volume": 216484, "typical_volume": 331599.5, "trend": 28.710407, "fair_value": 31.460118, "relative_strength": -5.749149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.988503, "energy": 14.937251, "activity_lines": [ 29.709987, 29.392085, 29.800276, 29.557319 ] }, { "date": "2024-04-12", "close": 28.003689, "volume": 232974, "typical_volume": 334554.45, "trend": 28.803463, "fair_value": 31.394434, "relative_strength": -9.148633, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.931657, "energy": 7.928019, "activity_lines": [ 29.196649, 29.167217, 29.59626, 29.511724 ] }, { "date": "2024-04-19", "close": 29.411432, "volume": 270679, "typical_volume": 331408.55, "trend": 28.971375, "fair_value": 31.33895, "relative_strength": 0.928637, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.137066, "energy": 6.976819, "activity_lines": [ 29.23759, 29.214915, 29.532497, 29.550948 ] }, { "date": "2024-04-26", "close": 29.770454, "volume": 207893, "typical_volume": 321883.25, "trend": 29.139461, "fair_value": 31.286047, "relative_strength": -1.548361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.873048, "energy": 10.573739, "activity_lines": [ 29.32955, 29.327775, 29.50446, 29.602502 ] }, { "date": "2024-05-03", "close": 30.479049, "volume": 196954, "typical_volume": 268251.65, "trend": 29.320305, "fair_value": 31.235727, "relative_strength": -0.297431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.396674, "energy": 14.141292, "activity_lines": [ 29.666526, 29.561053, 29.546501, 29.688927 ] }, { "date": "2024-05-10", "close": 31.036478, "volume": 246096, "typical_volume": 253895.8, "trend": 29.520351, "fair_value": 31.189765, "relative_strength": -0.148846, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 46.409305, "energy": 31.822926, "activity_lines": [ 30.215767, 29.861669, 29.651256, 29.799648 ] }, { "date": "2024-05-17", "close": 31.607283, "volume": 210960, "typical_volume": 253893.1, "trend": 29.749354, "fair_value": 31.144845, "relative_strength": -0.599217, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.825934, "energy": 53.070808, "activity_lines": [ 30.838121, 30.219001, 29.817121, 29.934288 ] }, { "date": "2024-05-24", "close": 30.34185, "volume": 208750, "typical_volume": 252564.7, "trend": 29.931521, "fair_value": 31.092432, "relative_strength": -5.877619, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 27.056346, "energy": 42.034661, "activity_lines": [ 30.798425, 30.303923, 29.866766, 29.972514 ] }, { "date": "2024-05-31", "close": 30.199132, "volume": 180077, "typical_volume": 249532.05, "trend": 30.011485, "fair_value": 31.040792, "relative_strength": -4.865361, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 16.07413, "energy": 33.662374, "activity_lines": [ 30.649128, 30.327257, 29.909122, 29.989779 ] }, { "date": "2024-06-07", "close": 29.875638, "volume": 226175, "typical_volume": 249165.35, "trend": 30.095561, "fair_value": 30.99124, "relative_strength": -8.306349, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.544984, "energy": 10.460474, "activity_lines": [ 30.363421, 30.286384, 29.922383, 29.981015 ] }, { "date": "2024-06-14", "close": 28.848068, "volume": 171346, "typical_volume": 243542.1, "trend": 30.083007, "fair_value": 30.946013, "relative_strength": -14.374818, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.394169, "energy": 22.260951, "activity_lines": [ 29.775418, 30.076866, 29.840586, 29.900531 ] }, { "date": "2024-06-21", "close": 28.867097, "volume": 207888, "typical_volume": 234819.65, "trend": 30.068512, "fair_value": 30.900682, "relative_strength": -14.383265, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.429912, "energy": 29.017015, "activity_lines": [ 29.339652, 29.878646, 29.770892, 29.822086 ] }, { "date": "2024-06-28", "close": 31.283789, "volume": 583017, "typical_volume": 251021.8, "trend": 30.120191, "fair_value": 30.872418, "relative_strength": -7.271922, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -5.862543, "energy": 8.21986, "activity_lines": [ 29.89213, 30.104126, 29.931598, 29.900491 ] }, { "date": "2024-07-05", "close": 30.275248, "volume": 190393, "typical_volume": 244451.2, "trend": 30.118868, "fair_value": 30.841064, "relative_strength": -13.299047, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.400301, "energy": 9.361307, "activity_lines": [ 30.045631, 30.112192, 29.987307, 29.910494 ] }, { "date": "2024-07-12", "close": 33.129608, "volume": 265097, "typical_volume": 250143.25, "trend": 30.139841, "fair_value": 30.832113, "relative_strength": -4.926819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 44.538832, "energy": 48.087869, "activity_lines": [ 31.145511, 30.630055, 30.310252, 30.104736 ] }, { "date": "2024-07-19", "close": 35.44164, "volume": 468939, "typical_volume": 263729.15, "trend": 30.239446, "fair_value": 30.842032, "relative_strength": 5.790137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.833654, "energy": 82.848817, "activity_lines": [ 32.799137, 31.520095, 30.83186, 30.446787 ] }, { "date": "2024-07-26", "close": 37.49678, "volume": 480586, "typical_volume": 276095.55, "trend": 30.405679, "fair_value": 30.853538, "relative_strength": 14.67317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.973221, "energy": 93.249988, "activity_lines": [ 34.698238, 32.703703, 31.515891, 30.915002 ] }, { "date": "2024-08-02", "close": 35.907852, "volume": 395911, "typical_volume": 279665.15, "trend": 30.547087, "fair_value": 30.847773, "relative_strength": 13.184021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.110455, "energy": 89.29248, "activity_lines": [ 35.492384, 33.491334, 32.009465, 31.269981 ] }, { "date": "2024-08-09", "close": 35.432126, "volume": 372024, "typical_volume": 278794.5, "trend": 30.70953, "fair_value": 30.844863, "relative_strength": 11.185144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.30496, "energy": 85.285475, "activity_lines": [ 35.819684, 34.091268, 32.421892, 31.585145 ] }, { "date": "2024-08-16", "close": 36.459695, "volume": 163497, "typical_volume": 274787.0, "trend": 30.909353, "fair_value": 30.848241, "relative_strength": 8.402723, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.358795, "energy": 81.614788, "activity_lines": [ 36.145716, 34.782888, 32.905852, 31.956123 ] }, { "date": "2024-08-23", "close": 38.259701, "volume": 336876, "typical_volume": 280806.6, "trend": 31.151041, "fair_value": 30.858804, "relative_strength": 12.33929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.14746, "energy": 66.258738, "activity_lines": [ 36.849743, 35.682072, 33.534652, 32.430339 ] }, { "date": "2024-08-30", "close": 38.566085, "volume": 305587, "typical_volume": 284437.25, "trend": 31.472665, "fair_value": 30.875119, "relative_strength": 13.841875, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.592176, "energy": 66.143, "activity_lines": [ 37.468028, 36.465841, 34.149867, 32.908729 ] }, { "date": "2024-09-06", "close": 36.737356, "volume": 190267, "typical_volume": 280416.65, "trend": 31.717072, "fair_value": 30.886271, "relative_strength": 14.712214, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.025244, "energy": 58.104896, "activity_lines": [ 37.405449, 36.740769, 34.54062, 33.248387 ] }, { "date": "2024-09-13", "close": 37.646933, "volume": 329159, "typical_volume": 286479.95, "trend": 31.995053, "fair_value": 30.912133, "relative_strength": 10.641638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.188104, "energy": 56.80945, "activity_lines": [ 37.590763, 37.081919, 34.983114, 33.630958 ] }, { "date": "2024-09-20", "close": 37.905445, "volume": 598831, "typical_volume": 306573.8, "trend": 32.304956, "fair_value": 30.926532, "relative_strength": 9.464923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.157968, "energy": 52.80764, "activity_lines": [ 37.714593, 37.336041, 35.412721, 34.012274 ] }, { "date": "2024-09-27", "close": 36.220333, "volume": 259614, "typical_volume": 307249.7, "trend": 32.564043, "fair_value": 30.924587, "relative_strength": 3.391241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.203951, "energy": 38.830591, "activity_lines": [ 37.180336, 37.196945, 35.646477, 34.264879 ] }, { "date": "2024-10-04", "close": 35.760757, "volume": 223375, "typical_volume": 307870.45, "trend": 32.780096, "fair_value": 30.917151, "relative_strength": 1.845268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.873127, "energy": 30.547001, "activity_lines": [ 36.628845, 36.960131, 35.81178, 34.471118 ] }, { "date": "2024-10-11", "close": 36.785228, "volume": 153522, "typical_volume": 305109.05, "trend": 33.060217, "fair_value": 30.914585, "relative_strength": 3.32717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.426784, "energy": 26.059212, "activity_lines": [ 36.605866, 36.941149, 36.054872, 34.729514 ] }, { "date": "2024-10-18", "close": 37.943743, "volume": 325780, "typical_volume": 312394.2, "trend": 33.32825, "fair_value": 30.917297, "relative_strength": 6.158271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.732477, "energy": 28.550976, "activity_lines": [ 36.965867, 37.116854, 36.377617, 35.04458 ] }, { "date": "2024-10-25", "close": 36.239482, "volume": 202462, "typical_volume": 311208.55, "trend": 33.507038, "fair_value": 30.905974, "relative_strength": 1.199209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.591143, "energy": 23.981697, "activity_lines": [ 36.737994, 36.937028, 36.501171, 35.232402 ] }, { "date": "2024-11-01", "close": 36.201184, "volume": 240391, "typical_volume": 314660.8, "trend": 33.737772, "fair_value": 30.882981, "relative_strength": 2.779264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.145805, "energy": 23.180729, "activity_lines": [ 36.608419, 36.754242, 36.590775, 35.406218 ] }, { "date": "2024-11-08", "close": 39.600131, "volume": 458906, "typical_volume": 327211.7, "trend": 34.12432, "fair_value": 30.883191, "relative_strength": 6.468375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.245363, "energy": 39.499651, "activity_lines": [ 37.613103, 37.226874, 36.969073, 35.784434 ] }, { "date": "2024-11-15", "close": 40.435602, "volume": 372258, "typical_volume": 316673.75, "trend": 34.491792, "fair_value": 30.896261, "relative_strength": 12.405621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.741884, "energy": 50.182417, "activity_lines": [ 38.64032, 37.832609, 37.375829, 36.191614 ] }, { "date": "2024-11-22", "close": 40.724497, "volume": 280592, "typical_volume": 321183.7, "trend": 34.856927, "fair_value": 30.918628, "relative_strength": 11.004368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.942088, "energy": 68.996403, "activity_lines": [ 39.520476, 38.42363, 37.76652, 36.593724 ] }, { "date": "2024-11-29", "close": 40.454862, "volume": 182949, "typical_volume": 317076.3, "trend": 35.189454, "fair_value": 30.937789, "relative_strength": 9.339838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.147481, "energy": 72.167216, "activity_lines": [ 40.12537, 38.90967, 38.081773, 36.954881 ] }, { "date": "2024-12-06", "close": 40.098559, "volume": 267513, "typical_volume": 307005.0, "trend": 35.491523, "fair_value": 30.954098, "relative_strength": 4.977222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.469176, "energy": 68.084672, "activity_lines": [ 40.330471, 39.284575, 38.32821, 37.271597 ] }, { "date": "2024-12-13", "close": 39.703736, "volume": 306399, "typical_volume": 298295.65, "trend": 35.761405, "fair_value": 30.970603, "relative_strength": 3.311428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.368556, "energy": 50.853026, "activity_lines": [ 40.14414, 39.517181, 38.514868, 37.543353 ] }, { "date": "2024-12-20", "close": 36.497007, "volume": 386073, "typical_volume": 297803.75, "trend": 35.966577, "fair_value": 30.962518, "relative_strength": -2.613993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.520772, "energy": 20.125066, "activity_lines": [ 38.881992, 39.095054, 38.385615, 37.590811 ] }, { "date": "2024-12-27", "close": 35.620694, "volume": 116473, "typical_volume": 285026.2, "trend": 36.147296, "fair_value": 30.947679, "relative_strength": -5.518518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.320387, "energy": 12.925988, "activity_lines": [ 37.590312, 38.518838, 38.170098, 37.568496 ] }, { "date": "2025-01-03", "close": 34.850308, "volume": 248993, "typical_volume": 289301.0, "trend": 36.313118, "fair_value": 30.916762, "relative_strength": -6.526521, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -10.082254, "energy": 24.057346, "activity_lines": [ 36.382091, 37.84479, 37.880313, 37.484819 ] }, { "date": "2025-01-10", "close": 33.309537, "volume": 223693, "typical_volume": 283641.85, "trend": 36.461834, "fair_value": 30.87722, "relative_strength": -8.422953, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -38.784318, "energy": 42.086037, "activity_lines": [ 35.033917, 36.915859, 37.451452, 37.29104 ] }, { "date": "2025-01-17", "close": 35.341429, "volume": 214531, "typical_volume": 279089.05, "trend": 36.677645, "fair_value": 30.867239, "relative_strength": -5.418948, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.355969, "energy": 50.579554, "activity_lines": [ 34.815641, 36.408938, 37.239676, 37.218756 ] }, { "date": "2025-01-24", "close": 36.439228, "volume": 239207, "typical_volume": 281536.05, "trend": 36.849493, "fair_value": 30.871741, "relative_strength": -3.809796, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.161168, "energy": 48.460321, "activity_lines": [ 35.254118, 36.179048, 37.147808, 37.203374 ] }, { "date": "2025-01-31", "close": 36.525896, "volume": 354860, "typical_volume": 282821.1, "trend": 37.057848, "fair_value": 30.870831, "relative_strength": -2.281942, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.289786, "energy": 25.17491, "activity_lines": [ 35.725337, 36.037577, 37.065614, 37.182497 ] }, { "date": "2025-02-07", "close": 36.920719, "volume": 202074, "typical_volume": 262983.25, "trend": 37.184218, "fair_value": 30.87662, "relative_strength": -1.422152, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -37.173436, "energy": 18.285765, "activity_lines": [ 36.267817, 36.04423, 37.02636, 37.17365 ] }, { "date": "2025-02-14", "close": 37.431519, "volume": 259177, "typical_volume": 262961.4, "trend": 37.250547, "fair_value": 30.882998, "relative_strength": -2.915038, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.38131, "energy": 18.879783, "activity_lines": [ 36.842536, 36.208014, 37.040443, 37.189605 ] }, { "date": "2025-02-21", "close": 36.646649, "volume": 285137, "typical_volume": 266049.5, "trend": 37.22221, "fair_value": 30.887945, "relative_strength": -2.868365, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.119083, "energy": 18.232666, "activity_lines": [ 36.880833, 36.277585, 36.974009, 37.150644 ] }, { "date": "2025-02-28", "close": 36.917962, "volume": 404712, "typical_volume": 278609.0, "trend": 37.25588, "fair_value": 30.892973, "relative_strength": 1.07093, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.140301, "energy": 16.953048, "activity_lines": [ 36.922553, 36.452069, 36.929196, 37.131015 ] }, { "date": "2025-03-07", "close": 35.39667, "volume": 321132, "typical_volume": 278376.6, "trend": 37.254698, "fair_value": 30.890135, "relative_strength": 0.002932, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.843928, "energy": 16.973009, "activity_lines": [ 36.42526, 36.342301, 36.738866, 37.011066 ] }, { "date": "2025-03-14", "close": 34.350177, "volume": 261520, "typical_volume": 281329.5, "trend": 37.184381, "fair_value": 30.880646, "relative_strength": -0.653893, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.114113, "energy": 35.828864, "activity_lines": [ 35.654418, 36.046335, 36.460999, 36.823677 ] }, { "date": "2025-03-21", "close": 33.933518, "volume": 373134, "typical_volume": 287966.65, "trend": 37.040175, "fair_value": 30.869972, "relative_strength": -2.185188, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.608086, "energy": 57.90603, "activity_lines": [ 34.916059, 35.683706, 36.152446, 36.613944 ] }, { "date": "2025-03-28", "close": 33.933518, "volume": 325102, "typical_volume": 281276.45, "trend": 36.885756, "fair_value": 30.866897, "relative_strength": 0.086952, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.989024, "energy": 65.044637, "activity_lines": [ 34.4109, 35.309731, 35.854692, 36.413515 ] }, { "date": "2025-04-04", "close": 30.551794, "volume": 328626, "typical_volume": 279094.85, "trend": 36.679571, "fair_value": 30.852714, "relative_strength": -0.166323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.137453, "energy": 80.322649, "activity_lines": [ 32.959375, 34.346496, 35.261853, 36.004872 ] }, { "date": "2025-04-11", "close": 30.057616, "volume": 523731, "typical_volume": 291251.8, "trend": 36.426593, "fair_value": 30.832849, "relative_strength": -8.684803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.15487, "energy": 81.978389, "activity_lines": [ 31.767535, 33.400455, 34.669015, 35.577649 ] }, { "date": "2025-04-18", "close": 31.317284, "volume": 211350, "typical_volume": 292671.85, "trend": 36.206988, "fair_value": 30.816488, "relative_strength": -2.6295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.017856, "energy": 77.721741, "activity_lines": [ 31.351521, 32.80105, 34.24694, 35.248016 ] }, { "date": "2025-04-25", "close": 32.441296, "volume": 301617, "typical_volume": 294377.05, "trend": 36.08102, "fair_value": 30.818531, "relative_strength": -5.188177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.519059, "energy": 70.993479, "activity_lines": [ 31.512371, 32.507891, 33.975427, 35.005068 ] }, { "date": "2025-05-02", "close": 34.795906, "volume": 261038, "typical_volume": 292109.0, "trend": 36.048858, "fair_value": 30.835381, "relative_strength": -1.711416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.154988, "energy": 40.101576, "activity_lines": [ 32.557573, 32.733574, 33.964624, 34.922158 ] }, { "date": "2025-05-09", "close": 35.261014, "volume": 276044, "typical_volume": 286607.55, "trend": 35.998051, "fair_value": 30.853271, "relative_strength": -0.26512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.543353, "energy": 18.63386, "activity_lines": [ 33.700318, 33.077472, 34.021489, 34.871329 ] }, { "date": "2025-05-16", "close": 36.053331, "volume": 291476, "typical_volume": 295357.7, "trend": 35.935037, "fair_value": 30.876493, "relative_strength": -4.55062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.009118, "energy": 20.071268, "activity_lines": [ 34.79322, 33.595554, 34.159698, 34.874895 ] }, { "date": "2025-05-23", "close": 34.102921, "volume": 248301, "typical_volume": 295323.1, "trend": 35.863819, "fair_value": 30.88158, "relative_strength": -7.546427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.84511, "energy": 23.217685, "activity_lines": [ 34.836272, 33.747077, 34.110093, 34.756694 ] }, { "date": "2025-05-30", "close": 34.405235, "volume": 235452, "typical_volume": 295911.05, "trend": 35.803954, "fair_value": 30.883374, "relative_strength": -8.472742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.768325, "energy": 19.385898, "activity_lines": [ 34.794386, 33.958062, 34.09284, 34.662592 ] }, { "date": "2025-06-06", "close": 35.224407, "volume": 356913, "typical_volume": 303030.15, "trend": 35.658096, "fair_value": 30.901857, "relative_strength": -8.242773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.989149, "energy": 11.544509, "activity_lines": [ 34.894628, 34.30941, 34.148385, 34.625202 ] }, { "date": "2025-06-13", "close": 34.580771, "volume": 354044, "typical_volume": 308772.0, "trend": 35.462935, "fair_value": 30.913916, "relative_strength": -9.534818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.174379, "energy": 7.674131, "activity_lines": [ 34.751757, 34.520263, 34.143188, 34.555697 ] }, { "date": "2025-06-20", "close": 34.512507, "volume": 300937, "typical_volume": 306075.85, "trend": 35.255869, "fair_value": 30.930709, "relative_strength": -9.81132, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.4895, "energy": 10.558194, "activity_lines": [ 34.631482, 34.64545, 34.14034, 34.494379 ] }, { "date": "2025-06-27", "close": 37.272337, "volume": 539634, "typical_volume": 322953.85, "trend": 35.149785, "fair_value": 30.96117, "relative_strength": -6.539301, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.512475, "energy": 22.563549, "activity_lines": [ 35.533872, 35.191426, 34.409921, 34.624474 ] }, { "date": "2025-07-04", "close": 38.725393, "volume": 358940, "typical_volume": 327942.0, "trend": 35.104013, "fair_value": 31.001751, "relative_strength": -4.523582, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.16162, "energy": 45.153795, "activity_lines": [ 36.709319, 35.893321, 34.816214, 34.855158 ] }, { "date": "2025-07-11", "close": 37.915973, "volume": 294760, "typical_volume": 328423.15, "trend": 35.044421, "fair_value": 31.036223, "relative_strength": -6.205402, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.062751, "energy": 57.606652, "activity_lines": [ 37.326949, 36.333792, 35.139257, 35.036575 ] }, { "date": "2025-07-18", "close": 37.915973, "volume": 329705, "typical_volume": 324672.8, "trend": 35.091719, "fair_value": 31.065695, "relative_strength": -7.203273, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.159846, "energy": 70.190791, "activity_lines": [ 37.765141, 36.717534, 35.456256, 35.221837 ] }, { "date": "2025-07-25", "close": 37.818452, "volume": 265995, "typical_volume": 321915.95, "trend": 35.164978, "fair_value": 31.092185, "relative_strength": -7.9202, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.066035, "energy": 64.405973, "activity_lines": [ 37.94848, 37.035274, 35.759215, 35.397755 ] }, { "date": "2025-08-01", "close": 36.531182, "volume": 347948, "typical_volume": 326237.35, "trend": 35.221007, "fair_value": 31.111516, "relative_strength": -8.697404, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.335471, "energy": 42.494566, "activity_lines": [ 37.482332, 37.086871, 35.928045, 35.485897 ] }, { "date": "2025-08-08", "close": 36.355645, "volume": 300169, "typical_volume": 322589.1, "trend": 35.322544, "fair_value": 31.120755, "relative_strength": -12.034373, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.913022, "energy": 26.050613, "activity_lines": [ 37.007082, 37.062402, 36.069771, 35.5591 ] }, { "date": "2025-08-15", "close": 36.882255, "volume": 444058, "typical_volume": 328536.9, "trend": 35.373905, "fair_value": 31.13367, "relative_strength": -10.874606, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.74269, "energy": 20.691628, "activity_lines": [ 36.865352, 37.098219, 36.250117, 35.659726 ] }, { "date": "2025-08-22", "close": 39.40521, "volume": 344410, "typical_volume": 329326.1, "trend": 35.472771, "fair_value": 31.176749, "relative_strength": -3.592712, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.049532, "energy": 34.701042, "activity_lines": [ 37.633521, 37.562612, 36.656702, 35.91981 ] }, { "date": "2025-08-29", "close": 39.699718, "volume": 283958, "typical_volume": 317337.45, "trend": 35.578565, "fair_value": 31.229232, "relative_strength": -2.29386, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.22681, "energy": 46.515322, "activity_lines": [ 38.400578, 37.992835, 37.049176, 36.192516 ] }, { "date": "2025-09-05", "close": 39.385576, "volume": 265187, "typical_volume": 320029.3, "trend": 35.660727, "fair_value": 31.282476, "relative_strength": -3.65623, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.21487, "energy": 61.216114, "activity_lines": [ 38.937502, 38.271628, 37.365818, 36.43813 ] }, { "date": "2025-09-12", "close": 38.678756, "volume": 222214, "typical_volume": 316059.15, "trend": 35.702302, "fair_value": 31.330148, "relative_strength": -6.748276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.950508, "energy": 61.285169, "activity_lines": [ 39.048528, 38.383486, 37.576723, 36.632842 ] }, { "date": "2025-09-19", "close": 38.4726, "volume": 502938, "typical_volume": 328154.15, "trend": 35.763167, "fair_value": 31.382685, "relative_strength": -8.841778, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.6935, "energy": 49.957634, "activity_lines": [ 38.93596, 38.458709, 37.738291, 36.811571 ] }, { "date": "2025-09-26", "close": 38.138824, "volume": 269896, "typical_volume": 327846.75, "trend": 35.803862, "fair_value": 31.442333, "relative_strength": -8.956145, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.83574, "energy": 32.389668, "activity_lines": [ 38.606111, 38.463125, 37.850564, 36.964839 ] }, { "date": "2025-10-03", "close": 36.793903, "volume": 208995, "typical_volume": 323722.7, "trend": 35.850436, "fair_value": 31.493302, "relative_strength": -12.912244, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.826575, "energy": 15.896997, "activity_lines": [ 37.91238, 38.218957, 37.821045, 37.028712 ] }, { "date": "2025-10-10", "close": 34.791246, "volume": 333470, "typical_volume": 327981.15, "trend": 35.865139, "fair_value": 31.516806, "relative_strength": -15.371018, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 2.118415, "energy": 13.238824, "activity_lines": [ 36.744818, 37.629299, 37.59727, 36.960378 ] }, { "date": "2025-10-17", "close": 34.90905, "volume": 299605, "typical_volume": 331188.8, "trend": 35.897656, "fair_value": 31.538348, "relative_strength": -16.668925, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -7.766986, "energy": 22.114736, "activity_lines": [ 35.922813, 37.092695, 37.381437, 36.898694 ] }, { "date": "2025-10-24", "close": 36.70555, "volume": 239321, "typical_volume": 325309.2, "trend": 35.990057, "fair_value": 31.565682, "relative_strength": -13.914602, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.038168, "energy": 26.83817, "activity_lines": [ 35.950955, 36.909029, 37.3343, 36.950817 ] }, { "date": "2025-10-31", "close": 35.075938, "volume": 481243, "typical_volume": 331669.15, "trend": 36.140862, "fair_value": 31.585924, "relative_strength": -18.874942, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.158676, "energy": 39.190819, "activity_lines": [ 35.553696, 36.432282, 37.124909, 36.891841 ] }, { "date": "2025-11-07", "close": 36.145985, "volume": 377451, "typical_volume": 335494.85, "trend": 36.343808, "fair_value": 31.620829, "relative_strength": -13.309528, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.575163, "energy": 29.558061, "activity_lines": [ 35.717312, 36.228804, 37.015069, 36.892172 ] }, { "date": "2025-11-14", "close": 36.80372, "volume": 346135, "typical_volume": 325819.9, "trend": 36.526689, "fair_value": 31.658721, "relative_strength": -11.068851, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.989808, "energy": 11.44676, "activity_lines": [ 36.143367, 36.209527, 36.960092, 36.921843 ] }, { "date": "2025-11-21", "close": 37.169385, "volume": 339693, "typical_volume": 324857.55, "trend": 36.684292, "fair_value": 31.69657, "relative_strength": -6.85207, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.993227, "energy": 5.576447, "activity_lines": [ 36.557146, 36.303678, 36.942171, 36.963308 ] }, { "date": "2025-11-28", "close": 37.614113, "volume": 247558, "typical_volume": 322497.45, "trend": 36.778232, "fair_value": 31.736163, "relative_strength": -9.690239, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.299026, "energy": 10.284045, "activity_lines": [ 36.968478, 36.506131, 36.974016, 37.023296 ] }, { "date": "2025-12-05", "close": 39.383143, "volume": 430581, "typical_volume": 327541.25, "trend": 36.915637, "fair_value": 31.793326, "relative_strength": -6.019126, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.31832, "energy": 29.799521, "activity_lines": [ 37.908916, 37.045835, 37.175777, 37.191355 ] }, { "date": "2025-12-12", "close": 41.478306, "volume": 426722, "typical_volume": 335577.6, "trend": 37.096469, "fair_value": 31.869798, "relative_strength": 1.11546, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.622869, "energy": 64.003031, "activity_lines": [ 39.260595, 37.943853, 37.57009, 37.485721 ] }, { "date": "2025-12-19", "close": 40.687678, "volume": 700427, "typical_volume": 353201.55, "trend": 37.315961, "fair_value": 31.943355, "relative_strength": -1.226786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.708206, "energy": 69.7532, "activity_lines": [ 39.993244, 38.612951, 37.871678, 37.717411 ] }, { "date": "2025-12-26", "close": 39.531385, "volume": 325652, "typical_volume": 354475.7, "trend": 37.486833, "fair_value": 32.010024, "relative_strength": -5.066967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.762257, "energy": 67.567845, "activity_lines": [ 40.08153, 38.964605, 38.04335, 37.860342 ] }, { "date": "2026-01-02", "close": 38.177435, "volume": 361386, "typical_volume": 350342.1, "trend": 37.585267, "fair_value": 32.066443, "relative_strength": -6.566006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.282919, "energy": 53.861271, "activity_lines": [ 39.561034, 38.986044, 38.070952, 37.904897 ] }, { "date": "2026-01-09", "close": 39.155837, "volume": 515875, "typical_volume": 358915.35, "trend": 37.737769, "fair_value": 32.125466, "relative_strength": -6.145213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.884465, "energy": 31.229011, "activity_lines": [ 39.329116, 39.158613, 38.185567, 38.006224 ] }, { "date": "2026-01-16", "close": 41.023695, "volume": 492512, "typical_volume": 369343.05, "trend": 37.954809, "fair_value": 32.202516, "relative_strength": -0.756319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.807655, "energy": 34.666692, "activity_lines": [ 39.734972, 39.596612, 38.479261, 38.218219 ] }, { "date": "2026-01-23", "close": 41.389361, "volume": 506397, "typical_volume": 381403.55, "trend": 38.092043, "fair_value": 32.284646, "relative_strength": -0.029002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.193511, "energy": 37.413371, "activity_lines": [ 40.293023, 40.01241, 38.801476, 38.439803 ] }, { "date": "2026-01-30", "close": 41.606783, "volume": 579485, "typical_volume": 399267.1, "trend": 38.188089, "fair_value": 32.356004, "relative_strength": 0.731968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.4482, "energy": 53.624273, "activity_lines": [ 40.87677, 40.384365, 39.134856, 38.666561 ] }, { "date": "2026-02-06", "close": 44.067612, "volume": 633697, "typical_volume": 405805.05, "trend": 38.393144, "fair_value": 32.454371, "relative_strength": 8.786552, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.858592, "energy": 76.908885, "activity_lines": [ 42.142433, 41.123063, 39.688657, 39.045885 ] }, { "date": "2026-02-13", "close": 43.032567, "volume": 479142, "typical_volume": 416267.35, "trend": 38.563697, "fair_value": 32.540942, "relative_strength": 7.546249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.317471, "energy": 72.777487, "activity_lines": [ 42.670403, 41.556234, 40.11724, 39.345202 ] }, { "date": "2026-02-20", "close": 43.579296, "volume": 416043, "typical_volume": 426619.75, "trend": 38.755725, "fair_value": 32.639519, "relative_strength": 7.631098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.095421, "energy": 74.640628, "activity_lines": [ 43.122167, 42.022458, 40.574589, 39.66879 ] }, { "date": "2026-02-27", "close": 40.766125, "volume": 481169, "typical_volume": 434004.7, "trend": 38.89689, "fair_value": 32.717777, "relative_strength": 1.107258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.915579, "energy": 51.866666, "activity_lines": [ 42.465834, 41.938996, 40.731705, 39.798493 ] }, { "date": "2026-03-06", "close": 39.92118, "volume": 624937, "typical_volume": 450271.3, "trend": 39.015741, "fair_value": 32.816477, "relative_strength": 0.424336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.500423, "energy": 27.616513, "activity_lines": [ 41.569402, 41.700482, 40.779898, 39.864576 ] }, { "date": "2026-03-13", "close": 39.165699, "volume": 602170, "typical_volume": 468413.75, "trend": 39.091856, "fair_value": 32.911096, "relative_strength": -0.301755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.353021, "energy": 17.954677, "activity_lines": [ 40.533517, 41.31752, 40.732274, 39.874251 ] }, { "date": "2026-03-20", "close": 39.205461, "volume": 814593, "typical_volume": 485081.25, "trend": 39.085198, "fair_value": 33.004973, "relative_strength": 1.904375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.752233, "energy": 21.38938, "activity_lines": [ 39.837679, 40.923819, 40.676722, 39.88158 ] }, { "date": "2026-03-27", "close": 39.881418, "volume": 685510, "typical_volume": 500484.2, "trend": 39.091254, "fair_value": 33.101014, "relative_strength": 7.173908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.641518, "energy": 19.331555, "activity_lines": [ 39.622301, 40.652117, 40.665882, 39.932949 ] }, { "date": "2026-04-03", "close": 41.402319, "volume": 559901, "typical_volume": 511172.5, "trend": 39.158479, "fair_value": 33.210909, "relative_strength": 7.058366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.579071, "energy": 16.560485, "activity_lines": [ 40.160415, 40.677711, 40.782101, 40.08205 ] }, { "date": "2026-04-10", "close": 43.29102, "volume": 722858, "typical_volume": 530330.75, "trend": 39.312221, "fair_value": 33.338012, "relative_strength": 7.026407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.324104, "energy": 25.1902, "activity_lines": [ 41.285683, 41.04647, 41.0563, 40.348666 ] }, { "date": "2026-04-17", "close": 43.410307, "volume": 420460, "typical_volume": 538975.85, "trend": 39.476811, "fair_value": 33.467815, "relative_strength": 1.188643, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 61.543869, "energy": 50.26606, "activity_lines": [ 42.226058, 41.406295, 41.312708, 40.613058 ] }, { "date": "2026-04-24", "close": 42.813875, "volume": 344265, "typical_volume": 534660.05, "trend": 39.632646, "fair_value": 33.587697, "relative_strength": -2.227859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.322829, "energy": 59.228642, "activity_lines": [ 42.684648, 41.669629, 41.484712, 40.828353 ] }, { "date": "2026-05-01", "close": 43.171734, "volume": 566174, "typical_volume": 541632.65, "trend": 39.845241, "fair_value": 33.724708, "relative_strength": -2.702446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.756292, "energy": 63.356456, "activity_lines": [ 43.021963, 42.002004, 41.674461, 41.056681 ] }, { "date": "2026-05-08", "close": 43.673731, "volume": 459998, "typical_volume": 529611.2, "trend": 40.141324, "fair_value": 33.871738, "relative_strength": -6.398509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.063114, "energy": 63.94346, "activity_lines": [ 43.307257, 42.433062, 41.903955, 41.30368 ] }, { "date": "2026-05-15", "close": 41.79, "volume": 335926, "typical_volume": 530124.9, "trend": 40.370689, "fair_value": 33.997849, "relative_strength": -9.869311, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.227888, "energy": 35.773813, "activity_lines": [ 42.813212, 42.468758, 41.939828, 41.410046 ] }, { "date": "2026-05-22", "close": 43.6, "volume": 388913, "typical_volume": 531501.25, "trend": 40.600504, "fair_value": 34.13112, "relative_strength": -6.917335, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.577616, "energy": 37.120902, "activity_lines": [ 43.022569, 42.799566, 42.137325, 41.618389 ] }, { "date": "2026-05-29", "close": 44.05, "volume": 418897, "typical_volume": 526652.35, "trend": 40.899639, "fair_value": 34.266507, "relative_strength": -8.417177, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.549135, "energy": 39.742124, "activity_lines": [ 43.36928, 43.131568, 42.351859, 41.840937 ] }, { "date": "2026-06-05", "close": 45.03, "volume": 699159, "typical_volume": 536984.7, "trend": 41.195773, "fair_value": 34.403319, "relative_strength": -1.8821, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.895077, "energy": 44.943362, "activity_lines": [ 43.960249, 43.55367, 42.63642, 42.107412 ] }, { "date": "2026-06-12", "close": 46.67, "volume": 654908, "typical_volume": 544410.25, "trend": 41.524649, "fair_value": 34.553013, "relative_strength": -0.569444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.455103, "energy": 75.737974, "activity_lines": [ 44.974, 44.180343, 43.058094, 42.460588 ] }, { "date": "2026-06-19", "close": 45.86, "volume": 928447, "typical_volume": 561858.35, "trend": 41.814336, "fair_value": 34.696982, "relative_strength": -4.730769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.062534, "energy": 71.067122, "activity_lines": [ 45.518, 44.563967, 43.377479, 42.740288 ] }, { "date": "2026-06-26", "close": 48.13, "volume": 1444579, "typical_volume": 602402.45, "trend": 42.164866, "fair_value": 34.862549, "relative_strength": 4.699331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.505562, "energy": 80.533017, "activity_lines": [ 46.547333, 45.31361, 43.892801, 43.14775 ] }, { "date": "2026-07-03", "close": 48.46, "volume": 619788, "typical_volume": 609434.75, "trend": 42.467427, "fair_value": 35.026382, "relative_strength": 4.575701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.684991, "energy": 81.206554, "activity_lines": [ 47.384667, 46.03744, 44.420207, 43.553888 ] }, { "date": "2026-07-10", "close": 47.93, "volume": 597522, "typical_volume": 618508.7, "trend": 42.682484, "fair_value": 35.17752, "relative_strength": 1.669756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.679922, "energy": 74.442785, "activity_lines": [ 47.751333, 46.56225, 44.871292, 43.906312 ] }, { "date": "2026-07-17", "close": 49.23, "volume": 693102, "typical_volume": 629105.35, "trend": 42.967228, "fair_value": 35.323726, "relative_strength": 8.863328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.965842, "energy": 77.978282, "activity_lines": [ 48.358, 47.236909, 45.425469, 44.328733 ] }, { "date": "2026-07-24", "close": 51.0, "volume": 913419, "typical_volume": 643529.45, "trend": 43.349515, "fair_value": 35.469908, "relative_strength": 14.352741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.941331, "energy": 78.880753, "activity_lines": [ 49.384, 48.132364, 46.107913, 44.846976 ] }, { "date": "2026-07-31", "close": 52.09, "volume": 762260, "typical_volume": 651533.95, "trend": 43.813267, "fair_value": 35.622722, "relative_strength": 15.833253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.80923, "energy": 82.530861, "activity_lines": [ 50.430667, 49.058545, 46.84141, 45.410878 ] }, { "date": "2026-08-07", "close": 51.17, "volume": 574563, "typical_volume": 639532.45, "trend": 44.213739, "fair_value": 35.77408, "relative_strength": 8.04216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.384047, "energy": 75.752028, "activity_lines": [ 50.906667, 49.663091, 47.425744, 45.885506 ] } ], "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." } } }