{ "ticker": { "uuid": "08f62a9f-73e3-4517-a722-e4f5b109dab4", "symbol": "OTEX", "name": "Open Text Corp", "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": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 29.782, "architecture_energy": 31.561, "architecture_maturity": 12.774, "architecture_confidence": 41.494, "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": 51.41, "rotation_up": 54.48, "upward_expansion": 44.61, "deceleration": 33.16, "rotation_down": 21.15, "downward_expansion": 18.94 }, "activity_lines": [ 24.181333, 23.465091, 23.118682, 23.095517 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 24.94, "trend_reference": 23.535418, "distance_from_trend": 0.059679, "trend_direction": "Weakening", "fair_value": 29.451228, "distance_from_fair_value": -0.153176, "fair_value_direction": "Improving", "relative_strength": -22.625759, "relative_strength_direction": "Improving", "price_momentum": 0.017478, "excess_performance": -0.169976, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059679, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.118017, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.153176, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.048495, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.226258, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.07582, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.017478, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.732314, "read": "Supply-led" } ], "volume": { "latest": 13055447, "relative_activity": 1.260289, "balance": 0.732314, "dry_up": 0.8459, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.093079, "annualized_volatility": 0.41164, "from_high_reference": -0.355453, "from_low_reference": 0.262148 }, "levels": { "trend_reference": 23.535418, "fair_value_reference": 29.451228, "structural_low": 19.759966, "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": 11, "median_return": 0.013509, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": 0.003266, "regime_survival": 0.363636, "best_return": 0.082797, "worst_return": -0.221327, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.088894, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.065764, "regime_survival": 0.0, "best_return": 0.212462, "worst_return": -0.272859, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.122002, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.046806, "regime_survival": 0.166667, "best_return": 0.218136, "worst_return": -0.169859, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.227093, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.288943, "regime_survival": 0.0, "best_return": 0.306776, "worst_return": -0.367555, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-05-03", "tenure": "New", "return": -0.136947, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-10", "end": "2024-08-16", "tenure": "Established", "return": 0.06371, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-27", "tenure": "Developing", "return": 0.023718, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.131103, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": -0.054734, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2024-12-27", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-05-09", "tenure": "Established", "return": -0.040582, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": -0.006752, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.069313, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-14", "tenure": "Established", "return": 0.211946, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-01-16", "tenure": "Developing", "return": -0.07985, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.131023, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-07-10", "tenure": "Established", "return": -0.042936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.071766, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 33.30795, "volume": 1813417, "typical_volume": 2240372.05, "trend": 34.673681, "fair_value": 36.499683, "relative_strength": -6.249695, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.888144, "energy": 32.00997, "activity_lines": [ 34.507277, 35.533403, 36.157972, 35.692318 ] }, { "date": "2023-08-25", "close": 35.26671, "volume": 2452735, "typical_volume": 2264402.0, "trend": 34.840515, "fair_value": 36.475433, "relative_strength": -2.442598, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.582168, "energy": 30.863491, "activity_lines": [ 34.478392, 35.378803, 36.075855, 35.730577 ] }, { "date": "2023-09-01", "close": 36.748184, "volume": 2243490, "typical_volume": 2245407.95, "trend": 35.034751, "fair_value": 36.473903, "relative_strength": -2.140854, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 13.967073, "energy": 20.762329, "activity_lines": [ 35.107615, 35.533279, 36.130266, 35.853653 ] }, { "date": "2023-09-08", "close": 35.44029, "volume": 1279057, "typical_volume": 2193368.2, "trend": 35.167272, "fair_value": 36.471444, "relative_strength": -4.464839, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 8.890053, "energy": 9.691137, "activity_lines": [ 35.396479, 35.43976, 36.052899, 35.879817 ] }, { "date": "2023-09-15", "close": 35.40396, "volume": 2077127, "typical_volume": 2192420.65, "trend": 35.302443, "fair_value": 36.470221, "relative_strength": -4.243446, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 23.052181, "energy": 13.901498, "activity_lines": [ 35.524459, 35.377181, 35.964843, 35.895087 ] }, { "date": "2023-09-22", "close": 32.343125, "volume": 3005006, "typical_volume": 2155742.9, "trend": 35.367072, "fair_value": 36.449486, "relative_strength": -9.549623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -40.061754, "energy": 22.432473, "activity_lines": [ 34.561028, 34.764289, 35.578609, 35.704163 ] }, { "date": "2023-09-29", "close": 31.879913, "volume": 3060937, "typical_volume": 2127165.55, "trend": 35.374374, "fair_value": 36.425401, "relative_strength": -10.950978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -43.538763, "energy": 51.924975, "activity_lines": [ 33.507514, 34.161199, 35.171206, 35.479185 ] }, { "date": "2023-10-06", "close": 32.088812, "volume": 2458527, "typical_volume": 2157224.85, "trend": 35.415263, "fair_value": 36.40086, "relative_strength": -11.959504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.977073, "energy": 70.653459, "activity_lines": [ 32.74942, 33.702473, 34.803595, 35.267213 ] }, { "date": "2023-10-13", "close": 31.316792, "volume": 1883733, "typical_volume": 2157184.0, "trend": 35.361915, "fair_value": 36.373927, "relative_strength": -14.178158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.805764, "energy": 78.435967, "activity_lines": [ 32.04461, 33.21417, 34.387385, 35.002796 ] }, { "date": "2023-10-20", "close": 30.19055, "volume": 2495912, "typical_volume": 2165531.85, "trend": 35.261752, "fair_value": 36.345815, "relative_strength": -14.689027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.898872, "energy": 81.993645, "activity_lines": [ 31.239287, 32.555494, 33.892945, 34.66916 ] }, { "date": "2023-10-27", "close": 29.482107, "volume": 2772814, "typical_volume": 2186238.4, "trend": 35.091309, "fair_value": 36.334929, "relative_strength": -14.29408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.823363, "energy": 83.606164, "activity_lines": [ 30.545377, 31.843399, 33.368231, 34.296279 ] }, { "date": "2023-11-03", "close": 32.969824, "volume": 3825956, "typical_volume": 2250103.25, "trend": 35.046695, "fair_value": 36.320769, "relative_strength": -9.985621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.198045, "energy": 67.32778, "activity_lines": [ 31.204773, 31.834995, 33.216164, 34.159409 ] }, { "date": "2023-11-10", "close": 33.26955, "volume": 3186641, "typical_volume": 2338937.25, "trend": 34.981262, "fair_value": 36.304014, "relative_strength": -11.652724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.444879, "energy": 44.763527, "activity_lines": [ 31.891417, 31.922849, 33.113982, 34.044755 ] }, { "date": "2023-11-17", "close": 35.185978, "volume": 2496050, "typical_volume": 2375239.2, "trend": 35.023383, "fair_value": 36.295299, "relative_strength": -8.426575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.56489, "energy": 17.564738, "activity_lines": [ 33.138155, 32.422391, 33.208212, 34.057962 ] }, { "date": "2023-11-24", "close": 35.540199, "volume": 1708019, "typical_volume": 2399833.1, "trend": 35.074619, "fair_value": 36.28042, "relative_strength": -8.307909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.073828, "energy": 24.277187, "activity_lines": [ 34.245021, 32.990962, 33.347221, 34.091305 ] }, { "date": "2023-12-01", "close": 37.223817, "volume": 3909349, "typical_volume": 2502357.8, "trend": 35.07668, "fair_value": 36.268668, "relative_strength": -4.174519, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 38.637286, "energy": 43.424014, "activity_lines": [ 35.556449, 33.863168, 33.64755, 34.229963 ] }, { "date": "2023-12-08", "close": 36.492683, "volume": 2342713, "typical_volume": 2540404.15, "trend": 35.091163, "fair_value": 36.25335, "relative_strength": -6.654653, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.882214, "energy": 46.957731, "activity_lines": [ 36.108052, 34.5137, 33.879631, 34.321318 ] }, { "date": "2023-12-15", "close": 37.571105, "volume": 2569618, "typical_volume": 2570972.0, "trend": 35.099415, "fair_value": 36.247185, "relative_strength": -6.994829, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.643686, "energy": 63.584786, "activity_lines": [ 36.784272, 35.276441, 34.220316, 34.481314 ] }, { "date": "2023-12-22", "close": 38.521578, "volume": 2229198, "typical_volume": 2541763.7, "trend": 35.136358, "fair_value": 36.244162, "relative_strength": -5.488253, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.554788, "energy": 72.788553, "activity_lines": [ 37.490546, 36.112317, 34.654432, 34.702099 ] }, { "date": "2023-12-29", "close": 38.402769, "volume": 985415, "typical_volume": 2439785.7, "trend": 35.149725, "fair_value": 36.241853, "relative_strength": -5.980867, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.671501, "energy": 73.477716, "activity_lines": [ 37.934844, 36.795595, 35.051933, 34.912835 ] }, { "date": "2024-01-05", "close": 36.675467, "volume": 1943422, "typical_volume": 2446285.95, "trend": 35.106117, "fair_value": 36.23186, "relative_strength": -7.153763, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.329511, "energy": 58.436217, "activity_lines": [ 37.612536, 37.015505, 35.265569, 35.01127 ] }, { "date": "2024-01-12", "close": 37.973228, "volume": 1873401, "typical_volume": 2417319.25, "trend": 35.12352, "fair_value": 36.222753, "relative_strength": -6.669298, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.1549, "energy": 57.955674, "activity_lines": [ 37.759372, 37.340584, 35.586765, 35.196245 ] }, { "date": "2024-01-19", "close": 37.62594, "volume": 1730826, "typical_volume": 2391686.05, "trend": 35.171471, "fair_value": 36.207976, "relative_strength": -9.801286, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.217039, "energy": 45.869709, "activity_lines": [ 37.691742, 37.511548, 35.861997, 35.357692 ] }, { "date": "2024-01-26", "close": 39.755365, "volume": 2784807, "typical_volume": 2466973.55, "trend": 35.246474, "fair_value": 36.217999, "relative_strength": -5.121298, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.009341, "energy": 53.001828, "activity_lines": [ 38.330265, 37.990473, 36.335853, 35.653427 ] }, { "date": "2024-02-02", "close": 39.362381, "volume": 4055416, "typical_volume": 2565888.0, "trend": 35.367049, "fair_value": 36.203914, "relative_strength": -7.018146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.098969, "energy": 53.17412, "activity_lines": [ 38.755541, 38.314867, 36.751733, 35.918969 ] }, { "date": "2024-02-09", "close": 38.256542, "volume": 3921171, "typical_volume": 2611696.25, "trend": 35.39179, "fair_value": 36.187112, "relative_strength": -10.977431, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.982412, "energy": 46.839898, "activity_lines": [ 38.748229, 38.368705, 37.043446, 36.105388 ] }, { "date": "2024-02-16", "close": 36.538379, "volume": 3414441, "typical_volume": 2629371.45, "trend": 35.352037, "fair_value": 36.166402, "relative_strength": -13.357894, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.047275, "energy": 34.900471, "activity_lines": [ 38.062792, 38.091372, 37.143364, 36.179362 ] }, { "date": "2024-02-23", "close": 35.350288, "volume": 2771602, "typical_volume": 2645025.2, "trend": 35.257637, "fair_value": 36.14939, "relative_strength": -16.976344, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.222714, "energy": 15.498336, "activity_lines": [ 37.076981, 37.597193, 37.107949, 36.179249 ] }, { "date": "2024-03-01", "close": 36.113409, "volume": 3517756, "typical_volume": 2726726.35, "trend": 35.354462, "fair_value": 36.131998, "relative_strength": -16.44716, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.008749, "energy": 21.676333, "activity_lines": [ 36.497253, 37.282141, 37.12968, 36.23446 ] }, { "date": "2024-03-08", "close": 35.340733, "volume": 2674329, "typical_volume": 2735647.2, "trend": 35.387921, "fair_value": 36.097135, "relative_strength": -16.557588, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.498696, "energy": 18.257691, "activity_lines": [ 35.902764, 36.870388, 37.054983, 36.233574 ] }, { "date": "2024-03-15", "close": 35.395924, "volume": 2448712, "typical_volume": 2719442.1, "trend": 35.45752, "fair_value": 36.053127, "relative_strength": -14.987993, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.634157, "energy": 19.515294, "activity_lines": [ 35.594782, 36.524342, 36.961017, 36.23409 ] }, { "date": "2024-03-22", "close": 35.993828, "volume": 2136638, "typical_volume": 2634976.2, "trend": 35.481757, "fair_value": 36.020309, "relative_strength": -15.621551, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.388637, "energy": 15.598173, "activity_lines": [ 35.676809, 36.310271, 36.895833, 36.268691 ] }, { "date": "2024-03-29", "close": 35.717873, "volume": 1925196, "typical_volume": 2571903.95, "trend": 35.447414, "fair_value": 35.984075, "relative_strength": -15.343289, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.927444, "energy": 13.376659, "activity_lines": [ 35.703155, 36.082016, 36.789968, 36.283924 ] }, { "date": "2024-04-05", "close": 34.586454, "volume": 2058878, "typical_volume": 2550045.35, "trend": 35.418952, "fair_value": 35.934768, "relative_strength": -16.860185, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.031984, "energy": 22.762847, "activity_lines": [ 35.327855, 35.68274, 36.56469, 36.228378 ] }, { "date": "2024-04-12", "close": 32.673161, "volume": 3096404, "typical_volume": 2619464.6, "trend": 35.327926, "fair_value": 35.870616, "relative_strength": -20.4695, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.738427, "energy": 38.518096, "activity_lines": [ 34.416588, 35.029572, 36.160048, 36.051231 ] }, { "date": "2024-04-19", "close": 32.24083, "volume": 2658015, "typical_volume": 2556897.9, "trend": 35.324516, "fair_value": 35.815662, "relative_strength": -16.536002, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.482679, "energy": 59.402677, "activity_lines": [ 33.539049, 34.419422, 35.727884, 35.852063 ] }, { "date": "2024-04-26", "close": 32.820337, "volume": 5353197, "typical_volume": 2707422.1, "trend": 35.355863, "fair_value": 35.767442, "relative_strength": -17.750063, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.318498, "energy": 62.596091, "activity_lines": [ 33.065018, 34.024012, 35.374641, 35.690503 ] }, { "date": "2024-05-03", "close": 27.825538, "volume": 6651101, "typical_volume": 2911496.25, "trend": 35.213754, "fair_value": 35.682593, "relative_strength": -30.231697, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.322512, "energy": 89.85372, "activity_lines": [ 31.13762, 32.788059, 34.563189, 35.204676 ] }, { "date": "2024-05-10", "close": 27.917524, "volume": 6119957, "typical_volume": 3106034.2, "trend": 35.100445, "fair_value": 35.607996, "relative_strength": -30.333134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.359331, "energy": 93.095819, "activity_lines": [ 29.76704, 31.705643, 33.806906, 34.733951 ] }, { "date": "2024-05-17", "close": 28.037104, "volume": 2807872, "typical_volume": 3197157.05, "trend": 35.028664, "fair_value": 35.536418, "relative_strength": -30.809081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.000577, "energy": 91.445449, "activity_lines": [ 28.880916, 30.793986, 33.112506, 34.278252 ] }, { "date": "2024-05-24", "close": 27.659965, "volume": 2529961, "typical_volume": 3226484.0, "trend": 34.967926, "fair_value": 35.455778, "relative_strength": -31.96666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.915614, "energy": 90.861152, "activity_lines": [ 28.178148, 29.946551, 32.431549, 33.802852 ] }, { "date": "2024-05-31", "close": 27.135649, "volume": 2753180, "typical_volume": 3270472.95, "trend": 34.773453, "fair_value": 35.361813, "relative_strength": -31.476715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.075173, "energy": 89.708562, "activity_lines": [ 27.606, 29.144439, 31.743588, 33.297544 ] }, { "date": "2024-06-07", "close": 25.697691, "volume": 3781988, "typical_volume": 3373031.05, "trend": 34.521058, "fair_value": 35.252344, "relative_strength": -36.092615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.615727, "energy": 91.425278, "activity_lines": [ 26.933512, 28.241939, 30.970286, 32.712011 ] }, { "date": "2024-06-14", "close": 26.699623, "volume": 4138667, "typical_volume": 3440724.05, "trend": 34.238179, "fair_value": 35.149353, "relative_strength": -35.178889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.326816, "energy": 72.746868, "activity_lines": [ 26.736857, 27.703793, 30.349207, 32.207402 ] }, { "date": "2024-06-21", "close": 27.543843, "volume": 3973411, "typical_volume": 3436623.8, "trend": 33.971634, "fair_value": 35.044276, "relative_strength": -32.619218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.995857, "energy": 65.339521, "activity_lines": [ 26.902803, 27.462539, 29.870701, 31.775509 ] }, { "date": "2024-06-28", "close": 27.868543, "volume": 3032534, "typical_volume": 3392191.95, "trend": 33.659792, "fair_value": 34.936483, "relative_strength": -31.097591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.300569, "energy": 61.726046, "activity_lines": [ 27.209866, 27.373581, 29.479397, 31.381761 ] }, { "date": "2024-07-05", "close": 28.722041, "volume": 2134265, "typical_volume": 3328183.15, "trend": 33.40077, "fair_value": 34.836531, "relative_strength": -30.790967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.987469, "energy": 46.454243, "activity_lines": [ 27.787523, 27.519301, 29.218845, 31.063197 ] }, { "date": "2024-07-12", "close": 29.260115, "volume": 3024998, "typical_volume": 3340852.95, "trend": 33.123737, "fair_value": 34.747473, "relative_strength": -28.63877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.508897, "energy": 33.630919, "activity_lines": [ 28.438778, 27.837367, 29.046759, 30.796058 ] }, { "date": "2024-07-19", "close": 28.703486, "volume": 3765709, "typical_volume": 3353250.6, "trend": 32.796468, "fair_value": 34.64834, "relative_strength": -26.416384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.812091, "energy": 26.284962, "activity_lines": [ 28.666996, 28.028144, 28.850662, 30.51088 ] }, { "date": "2024-07-26", "close": 29.223006, "volume": 2089838, "typical_volume": 3324026.05, "trend": 32.490476, "fair_value": 34.54945, "relative_strength": -22.42416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.50662, "energy": 25.435132, "activity_lines": [ 28.934796, 28.29909, 28.739328, 30.280334 ] }, { "date": "2024-08-02", "close": 26.430586, "volume": 3259787, "typical_volume": 3364579.8, "trend": 32.14898, "fair_value": 34.428745, "relative_strength": -27.079731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.528949, "energy": 38.662019, "activity_lines": [ 28.159846, 28.040761, 28.391181, 29.889374 ] }, { "date": "2024-08-09", "close": 28.035532, "volume": 4260650, "typical_volume": 3470780.4, "trend": 31.817723, "fair_value": 34.313145, "relative_strength": -22.342274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.976926, "energy": 37.180213, "activity_lines": [ 28.015741, 28.096592, 28.238578, 29.62399 ] }, { "date": "2024-08-16", "close": 29.696141, "volume": 3307241, "typical_volume": 3539882.65, "trend": 31.553396, "fair_value": 34.209789, "relative_strength": -21.418729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.472217, "energy": 20.532809, "activity_lines": [ 28.470939, 28.437991, 28.282025, 29.487114 ] }, { "date": "2024-08-23", "close": 30.234215, "volume": 3064255, "typical_volume": 3590151.5, "trend": 31.236025, "fair_value": 34.10321, "relative_strength": -20.156203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.757947, "energy": 10.053176, "activity_lines": [ 29.076428, 28.804523, 28.405393, 29.402005 ] }, { "date": "2024-08-30", "close": 29.7634, "volume": 3548993, "typical_volume": 3612780.95, "trend": 30.916059, "fair_value": 33.990413, "relative_strength": -20.092435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.142351, "energy": 13.936361, "activity_lines": [ 29.422929, 29.021186, 28.504645, 29.306997 ] }, { "date": "2024-09-06", "close": 29.351838, "volume": 2634643, "typical_volume": 3611612.35, "trend": 30.619235, "fair_value": 33.884112, "relative_strength": -15.724379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.930836, "energy": 18.484986, "activity_lines": [ 29.596217, 29.122665, 28.578558, 29.20608 ] }, { "date": "2024-09-13", "close": 30.072072, "volume": 2729368, "typical_volume": 3480420.9, "trend": 30.403692, "fair_value": 33.79361, "relative_strength": -17.828092, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.044687, "energy": 17.888811, "activity_lines": [ 29.814832, 29.328126, 28.734821, 29.170779 ] }, { "date": "2024-09-20", "close": 30.642646, "volume": 2964528, "typical_volume": 3296092.25, "trend": 30.24677, "fair_value": 33.703832, "relative_strength": -16.933951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.37108, "energy": 23.260364, "activity_lines": [ 30.08787, 29.612782, 28.958511, 29.186195 ] }, { "date": "2024-09-27", "close": 30.951317, "volume": 2203150, "typical_volume": 3100251.9, "trend": 30.074701, "fair_value": 33.630537, "relative_strength": -16.410582, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.356877, "energy": 36.303321, "activity_lines": [ 30.400697, 29.928423, 29.198184, 29.23165 ] }, { "date": "2024-10-04", "close": 31.0355, "volume": 1766512, "typical_volume": 3048183.9, "trend": 29.931193, "fair_value": 33.557338, "relative_strength": -15.750877, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.827945, "energy": 45.822329, "activity_lines": [ 30.693779, 30.2185, 29.431428, 29.293637 ] }, { "date": "2024-10-11", "close": 31.624782, "volume": 1540969, "typical_volume": 2998734.3, "trend": 29.805488, "fair_value": 33.483045, "relative_strength": -14.720156, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.651018, "energy": 55.139641, "activity_lines": [ 31.098482, 30.582765, 29.706516, 29.402901 ] }, { "date": "2024-10-18", "close": 31.830563, "volume": 1761257, "typical_volume": 2949138.15, "trend": 29.666713, "fair_value": 33.408576, "relative_strength": -13.887564, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.362253, "energy": 59.848061, "activity_lines": [ 31.420248, 30.890004, 29.982322, 29.533551 ] }, { "date": "2024-10-25", "close": 31.129037, "volume": 1889627, "typical_volume": 2854520.1, "trend": 29.513751, "fair_value": 33.329389, "relative_strength": -15.427002, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.151133, "energy": 60.97808, "activity_lines": [ 31.39094, 31.000693, 30.168959, 29.627894 ] }, { "date": "2024-11-01", "close": 27.106956, "volume": 4317229, "typical_volume": 2863448.2, "trend": 29.264435, "fair_value": 33.217445, "relative_strength": -24.484871, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 11.3107, "energy": 9.407625, "activity_lines": [ 29.988512, 30.354042, 29.946677, 29.472617 ] }, { "date": "2024-11-08", "close": 27.359505, "volume": 4123173, "typical_volume": 2870936.3, "trend": 29.087313, "fair_value": 33.108171, "relative_strength": -27.068429, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -19.023256, "energy": 25.341482, "activity_lines": [ 28.926558, 29.810169, 29.746508, 29.349719 ] }, { "date": "2024-11-15", "close": 26.966651, "volume": 3581350, "typical_volume": 2898377.1, "trend": 28.911507, "fair_value": 32.992448, "relative_strength": -24.829943, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -34.514769, "energy": 42.089015, "activity_lines": [ 27.978719, 29.238574, 29.509802, 29.212902 ] }, { "date": "2024-11-22", "close": 27.546579, "volume": 3798202, "typical_volume": 2981573.95, "trend": 28.735715, "fair_value": 32.902088, "relative_strength": -23.854937, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.390137, "energy": 40.970491, "activity_lines": [ 27.534731, 28.815788, 29.332622, 29.124842 ] }, { "date": "2024-11-29", "close": 28.708773, "volume": 3750458, "typical_volume": 3017846.95, "trend": 28.765156, "fair_value": 32.828106, "relative_strength": -20.405713, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.711153, "energy": 50.453266, "activity_lines": [ 27.76374, 28.650228, 29.271724, 29.123104 ] }, { "date": "2024-12-06", "close": 28.935198, "volume": 2972230, "typical_volume": 2978173.0, "trend": 28.799079, "fair_value": 32.748177, "relative_strength": -21.50243, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.713506, "energy": 25.801658, "activity_lines": [ 28.229575, 28.560997, 29.235017, 29.134074 ] }, { "date": "2024-12-13", "close": 27.850246, "volume": 2481990, "typical_volume": 2997780.6, "trend": 28.79285, "fair_value": 32.669748, "relative_strength": -24.172157, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.398351, "energy": 17.850553, "activity_lines": [ 28.211877, 28.311159, 29.093877, 29.072859 ] }, { "date": "2024-12-20", "close": 26.038848, "volume": 5028595, "typical_volume": 3086221.0, "trend": 28.738813, "fair_value": 32.5732, "relative_strength": -26.572205, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.663859, "energy": 30.8949, "activity_lines": [ 27.557663, 27.78989, 28.78676, 28.895181 ] }, { "date": "2024-12-27", "close": 26.708688, "volume": 2308355, "typical_volume": 2988606.25, "trend": 28.724581, "fair_value": 32.480334, "relative_strength": -24.447578, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.39864, "energy": 32.979664, "activity_lines": [ 27.188583, 27.491972, 28.545302, 28.764206 ] }, { "date": "2025-01-03", "close": 26.953981, "volume": 2525809, "typical_volume": 2949534.65, "trend": 28.766457, "fair_value": 32.396438, "relative_strength": -22.262246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.781955, "energy": 59.16521, "activity_lines": [ 26.957126, 27.331778, 28.333525, 28.649973 ] }, { "date": "2025-01-10", "close": 25.944504, "volume": 2372653, "typical_volume": 2914954.55, "trend": 28.741286, "fair_value": 32.298896, "relative_strength": -22.555224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.779424, "energy": 68.487965, "activity_lines": [ 26.506163, 27.063953, 28.038664, 28.467912 ] }, { "date": "2025-01-17", "close": 26.208666, "volume": 2585639, "typical_volume": 2866786.85, "trend": 28.69678, "fair_value": 32.209221, "relative_strength": -23.06066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.560064, "energy": 57.609952, "activity_lines": [ 26.342634, 26.865293, 27.789389, 28.304517 ] }, { "date": "2025-01-24", "close": 27.208709, "volume": 2416798, "typical_volume": 2855894.6, "trend": 28.674786, "fair_value": 32.122897, "relative_strength": -20.305723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.558306, "energy": 38.67071, "activity_lines": [ 26.621891, 26.869383, 27.652284, 28.208512 ] }, { "date": "2025-01-31", "close": 27.774771, "volume": 2722787, "typical_volume": 2855565.55, "trend": 28.64321, "fair_value": 32.053718, "relative_strength": -16.530399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.755225, "energy": 29.996759, "activity_lines": [ 27.011845, 26.971992, 27.579294, 28.150447 ] }, { "date": "2025-02-07", "close": 26.284141, "volume": 4507577, "typical_volume": 2932718.0, "trend": 28.544011, "fair_value": 31.976206, "relative_strength": -20.194973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.808218, "energy": 28.286351, "activity_lines": [ 26.83385, 26.799429, 27.375279, 27.998249 ] }, { "date": "2025-02-14", "close": 26.803031, "volume": 4901733, "typical_volume": 3067647.15, "trend": 28.480663, "fair_value": 31.910252, "relative_strength": -20.054669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.507072, "energy": 22.242783, "activity_lines": [ 26.873474, 26.765294, 27.241437, 27.885928 ] }, { "date": "2025-02-21", "close": 25.312402, "volume": 3318446, "typical_volume": 3145243.85, "trend": 28.350309, "fair_value": 31.829849, "relative_strength": -21.966489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.546371, "energy": 38.423487, "activity_lines": [ 26.358987, 26.498902, 26.985385, 27.681524 ] }, { "date": "2025-02-28", "close": 24.359531, "volume": 4307305, "typical_volume": 3283560.65, "trend": 28.281274, "fair_value": 31.749308, "relative_strength": -21.434317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.651396, "energy": 63.1503, "activity_lines": [ 25.586627, 26.105403, 26.665835, 27.424054 ] }, { "date": "2025-03-07", "close": 25.088335, "volume": 19096582, "typical_volume": 4150326.9, "trend": 28.183034, "fair_value": 31.676233, "relative_strength": -15.591543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.192884, "energy": 64.553574, "activity_lines": [ 25.247147, 25.874947, 26.450292, 27.218058 ] }, { "date": "2025-03-14", "close": 24.831068, "volume": 6614360, "typical_volume": 4386563.55, "trend": 28.020865, "fair_value": 31.592733, "relative_strength": -13.510879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.690702, "energy": 67.997737, "activity_lines": [ 25.001007, 25.627176, 26.242353, 27.001802 ] }, { "date": "2025-03-21", "close": 25.135978, "volume": 5351917, "typical_volume": 4438297.95, "trend": 27.850924, "fair_value": 31.51443, "relative_strength": -11.849972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.638375, "energy": 64.132162, "activity_lines": [ 24.953375, 25.473442, 26.093443, 26.81568 ] }, { "date": "2025-03-28", "close": 24.09738, "volume": 4214687, "typical_volume": 4442873.65, "trend": 27.662057, "fair_value": 31.430699, "relative_strength": -12.638161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.372904, "energy": 53.958947, "activity_lines": [ 24.670681, 25.145572, 25.855005, 26.573516 ] }, { "date": "2025-04-04", "close": 22.992083, "volume": 6526332, "typical_volume": 4590122.75, "trend": 27.450065, "fair_value": 31.340386, "relative_strength": -6.770499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.197834, "energy": 56.761581, "activity_lines": [ 24.100556, 24.655127, 25.526834, 26.272228 ] }, { "date": "2025-04-11", "close": 23.963982, "volume": 8465946, "typical_volume": 4823509.95, "trend": 27.246462, "fair_value": 31.261446, "relative_strength": -8.946642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.014015, "energy": 47.096517, "activity_lines": [ 23.94556, 24.418056, 25.310152, 26.047319 ] }, { "date": "2025-04-18", "close": 24.307005, "volume": 3786186, "typical_volume": 4825296.35, "trend": 27.035274, "fair_value": 31.188729, "relative_strength": -4.758336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.453832, "energy": 46.029362, "activity_lines": [ 23.979863, 24.31264, 25.143199, 25.857677 ] }, { "date": "2025-04-25", "close": 25.72674, "volume": 4620480, "typical_volume": 4907708.85, "trend": 26.861121, "fair_value": 31.129754, "relative_strength": -4.558292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.603967, "energy": 30.764505, "activity_lines": [ 24.522347, 24.501305, 25.132419, 25.773255 ] }, { "date": "2025-05-02", "close": 24.926352, "volume": 8899107, "typical_volume": 5228564.7, "trend": 26.657483, "fair_value": 31.075319, "relative_strength": -10.20298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.183746, "energy": 20.539293, "activity_lines": [ 24.758652, 24.564015, 25.06069, 25.648431 ] }, { "date": "2025-05-09", "close": 25.860138, "volume": 4992392, "typical_volume": 5226754.55, "trend": 26.465328, "fair_value": 31.034361, "relative_strength": -6.340472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.300759, "energy": 17.503478, "activity_lines": [ 25.250954, 24.803522, 25.091817, 25.59699 ] }, { "date": "2025-05-16", "close": 26.81298, "volume": 7420701, "typical_volume": 5482371.85, "trend": 26.298075, "fair_value": 30.985535, "relative_strength": -8.793232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.43758, "energy": 16.59154, "activity_lines": [ 25.869666, 25.18899, 25.214541, 25.619419 ] }, { "date": "2025-05-23", "close": 26.63194, "volume": 3990037, "typical_volume": 5555583.25, "trend": 26.148172, "fair_value": 30.934654, "relative_strength": -6.957471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.384844, "energy": 24.667332, "activity_lines": [ 26.238099, 25.510185, 25.319527, 25.640959 ] }, { "date": "2025-05-30", "close": 26.974963, "volume": 5917220, "typical_volume": 5732811.6, "trend": 26.143772, "fair_value": 30.87911, "relative_strength": -7.277813, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.254658, "energy": 36.799308, "activity_lines": [ 26.565876, 25.861004, 25.458715, 25.6943 ] }, { "date": "2025-06-06", "close": 26.82489, "volume": 16483733, "typical_volume": 6427716.3, "trend": 26.125952, "fair_value": 30.834125, "relative_strength": -9.512402, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.729902, "energy": 43.084282, "activity_lines": [ 26.760415, 26.151101, 25.578704, 25.738243 ] }, { "date": "2025-06-13", "close": 27.18076, "volume": 6444318, "typical_volume": 6629092.3, "trend": 26.133089, "fair_value": 30.801762, "relative_strength": -7.654827, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.182139, "energy": 45.653736, "activity_lines": [ 26.947007, 26.456311, 25.72965, 25.806295 ] }, { "date": "2025-06-20", "close": 26.767182, "volume": 6143747, "typical_volume": 6800140.3, "trend": 26.107109, "fair_value": 30.750618, "relative_strength": -8.820825, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.671941, "energy": 31.471948, "activity_lines": [ 26.907699, 26.610166, 25.841342, 25.847205 ] }, { "date": "2025-06-27", "close": 27.584721, "volume": 6616443, "typical_volume": 6905583.6, "trend": 26.06964, "fair_value": 30.712359, "relative_strength": -9.526484, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.634318, "energy": 36.557031, "activity_lines": [ 27.143957, 26.861698, 26.035692, 25.942534 ] }, { "date": "2025-07-04", "close": 28.844692, "volume": 3396127, "typical_volume": 6830303.3, "trend": 26.066624, "fair_value": 30.675207, "relative_strength": -6.57159, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.112401, "energy": 66.937674, "activity_lines": [ 27.736687, 27.282721, 26.343846, 26.12157 ] }, { "date": "2025-07-11", "close": 26.949926, "volume": 7327784, "typical_volume": 7030770.2, "trend": 26.036613, "fair_value": 30.633777, "relative_strength": -12.060504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.765011, "energy": 51.238306, "activity_lines": [ 27.573179, 27.302551, 26.461824, 26.178557 ] }, { "date": "2025-07-18", "close": 27.373122, "volume": 3888795, "typical_volume": 7009844.7, "trend": 26.081089, "fair_value": 30.581403, "relative_strength": -11.434639, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.576984, "energy": 49.281955, "activity_lines": [ 27.542401, 27.362533, 26.612309, 26.264784 ] }, { "date": "2025-07-25", "close": 29.527577, "volume": 5620685, "typical_volume": 6336049.85, "trend": 26.175052, "fair_value": 30.540817, "relative_strength": -4.949537, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.995179, "energy": 69.61852, "activity_lines": [ 28.21695, 27.786726, 26.953629, 26.487138 ] }, { "date": "2025-08-01", "close": 27.296177, "volume": 4934253, "typical_volume": 6252044.5, "trend": 26.186458, "fair_value": 30.496099, "relative_strength": -9.836705, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.318794, "energy": 38.201865, "activity_lines": [ 27.963674, 27.755853, 27.061296, 26.559468 ] }, { "date": "2025-08-08", "close": 29.729558, "volume": 7959892, "typical_volume": 6382443.25, "trend": 26.312627, "fair_value": 30.462877, "relative_strength": -4.969074, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.558148, "energy": 57.813523, "activity_lines": [ 28.54076, 28.155336, 27.388975, 26.788055 ] }, { "date": "2025-08-15", "close": 30.47977, "volume": 11412629, "typical_volume": 6742340.35, "trend": 26.454997, "fair_value": 30.4434, "relative_strength": -2.695783, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.744207, "energy": 70.708455, "activity_lines": [ 29.308926, 28.641138, 27.766229, 27.056903 ] }, { "date": "2025-08-22", "close": 31.383871, "volume": 6788106, "typical_volume": 6755429.05, "trend": 26.594169, "fair_value": 30.46535, "relative_strength": 1.435646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.557203, "energy": 73.026519, "activity_lines": [ 30.143136, 29.224869, 28.199195, 27.374895 ] }, { "date": "2025-08-29", "close": 31.807068, "volume": 6596938, "typical_volume": 6661978.65, "trend": 26.728579, "fair_value": 30.500587, "relative_strength": 3.346497, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.350445, "energy": 83.376949, "activity_lines": [ 30.851028, 29.809126, 28.632504, 27.711211 ] }, { "date": "2025-09-05", "close": 32.225455, "volume": 9321394, "typical_volume": 6938739.05, "trend": 26.926623, "fair_value": 30.532896, "relative_strength": 4.042037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.984021, "energy": 83.126922, "activity_lines": [ 31.546417, 30.377818, 29.068312, 28.065849 ] }, { "date": "2025-09-12", "close": 34.601392, "volume": 10805861, "typical_volume": 7248008.1, "trend": 27.186568, "fair_value": 30.592446, "relative_strength": 9.876666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.071449, "energy": 91.084853, "activity_lines": [ 32.705166, 31.294121, 29.692693, 28.560995 ] }, { "date": "2025-09-19", "close": 35.852395, "volume": 9632498, "typical_volume": 7284677.65, "trend": 27.537901, "fair_value": 30.668683, "relative_strength": 11.60069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.884565, "energy": 92.501911, "activity_lines": [ 33.956128, 32.333213, 30.393957, 29.120081 ] }, { "date": "2025-09-26", "close": 36.317885, "volume": 5070726, "typical_volume": 7288594.35, "trend": 27.936513, "fair_value": 30.7517, "relative_strength": 13.681659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.080667, "energy": 91.136693, "activity_lines": [ 35.004077, 33.295076, 31.087524, 29.686531 ] }, { "date": "2025-10-03", "close": 36.793072, "volume": 5091858, "typical_volume": 7172152.2, "trend": 28.326671, "fair_value": 30.83799, "relative_strength": 13.916136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.537603, "energy": 90.593554, "activity_lines": [ 35.881488, 34.180704, 31.776548, 30.257922 ] }, { "date": "2025-10-10", "close": 37.43312, "volume": 5158667, "typical_volume": 7230583.7, "trend": 28.746739, "fair_value": 30.932008, "relative_strength": 18.627506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.318636, "energy": 89.036632, "activity_lines": [ 36.639848, 35.050606, 32.479005, 30.845435 ] }, { "date": "2025-10-17", "close": 37.850121, "volume": 3746218, "typical_volume": 7122033.6, "trend": 29.170544, "fair_value": 31.016406, "relative_strength": 17.169008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.450036, "energy": 82.500711, "activity_lines": [ 37.190031, 35.812017, 33.169742, 31.43275 ] }, { "date": "2025-10-24", "close": 38.160448, "volume": 4305463, "typical_volume": 6513120.1, "trend": 29.639313, "fair_value": 31.091292, "relative_strength": 15.664407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.42291, "energy": 80.320479, "activity_lines": [ 37.627074, 36.482205, 33.838248, 32.012744 ] }, { "date": "2025-10-31", "close": 37.190678, "volume": 6494900, "typical_volume": 6515649.2, "trend": 30.112599, "fair_value": 31.177808, "relative_strength": 10.45249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.11581, "energy": 65.67076, "activity_lines": [ 37.58699, 36.836422, 34.360416, 32.499929 ] }, { "date": "2025-11-07", "close": 33.524947, "volume": 7880502, "typical_volume": 6602486.95, "trend": 30.431298, "fair_value": 31.223093, "relative_strength": 2.667317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.497653, "energy": 48.475869, "activity_lines": [ 36.26681, 36.418564, 34.4858, 32.72008 ] }, { "date": "2025-11-14", "close": 32.661852, "volume": 5468616, "typical_volume": 6545095.6, "trend": 30.709793, "fair_value": 31.268341, "relative_strength": 0.202948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.140307, "energy": 28.476895, "activity_lines": [ 34.876807, 35.812546, 34.496805, 32.863987 ] }, { "date": "2025-11-21", "close": 32.089688, "volume": 5792810, "typical_volume": 6664929.75, "trend": 30.921891, "fair_value": 31.305219, "relative_strength": 1.596045, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.258086, "energy": 28.34411, "activity_lines": [ 33.614166, 35.094564, 34.429142, 32.953012 ] }, { "date": "2025-11-28", "close": 32.623061, "volume": 2604689, "typical_volume": 6428775.0, "trend": 31.178448, "fair_value": 31.347031, "relative_strength": -1.442754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.734015, "energy": 29.882135, "activity_lines": [ 32.913346, 34.519226, 34.396823, 33.062765 ] }, { "date": "2025-12-05", "close": 32.773375, "volume": 9320628, "typical_volume": 6700366.65, "trend": 31.40889, "fair_value": 31.396377, "relative_strength": -1.874022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.482111, "energy": 26.315978, "activity_lines": [ 32.631789, 34.029933, 34.351805, 33.165664 ] }, { "date": "2025-12-12", "close": 32.460503, "volume": 4813964, "typical_volume": 6660030.6, "trend": 31.59714, "fair_value": 31.440289, "relative_strength": -0.936782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.657497, "energy": 25.430252, "activity_lines": [ 32.540428, 33.5482, 34.251275, 33.23351 ] }, { "date": "2025-12-19", "close": 32.626717, "volume": 4017475, "typical_volume": 6614191.7, "trend": 31.796966, "fair_value": 31.484011, "relative_strength": -1.068649, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.126916, "energy": 20.637231, "activity_lines": [ 32.575435, 33.175461, 34.152607, 33.299934 ] }, { "date": "2025-12-26", "close": 32.744044, "volume": 1703150, "typical_volume": 6301354.6, "trend": 31.989269, "fair_value": 31.5246, "relative_strength": -1.966508, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.729179, "energy": 20.687009, "activity_lines": [ 32.651894, 32.911444, 34.039731, 33.361036 ] }, { "date": "2026-01-02", "close": 31.033023, "volume": 2403715, "typical_volume": 5850908.9, "trend": 32.12954, "fair_value": 31.54948, "relative_strength": -5.402006, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.725488, "energy": 36.861853, "activity_lines": [ 32.114388, 32.429169, 33.749545, 33.299342 ] }, { "date": "2026-01-09", "close": 32.040081, "volume": 3994130, "typical_volume": 5711210.1, "trend": 32.291517, "fair_value": 31.568591, "relative_strength": -4.431291, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.020149, "energy": 27.524643, "activity_lines": [ 32.018571, 32.259586, 33.552635, 33.293571 ] }, { "date": "2026-01-16", "close": 29.527325, "volume": 5755737, "typical_volume": 5669150.05, "trend": 32.383522, "fair_value": 31.568967, "relative_strength": -11.067659, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -51.72949, "energy": 52.883914, "activity_lines": [ 31.134055, 31.726785, 33.11329, 33.115236 ] }, { "date": "2026-01-23", "close": 28.207395, "volume": 6993403, "typical_volume": 5552750.5, "trend": 32.404278, "fair_value": 31.555799, "relative_strength": -15.048688, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.592686, "energy": 71.612714, "activity_lines": [ 30.005107, 31.026681, 32.559094, 32.845808 ] }, { "date": "2026-01-30", "close": 24.961345, "volume": 9611460, "typical_volume": 5493030.45, "trend": 32.274833, "fair_value": 31.517595, "relative_strength": -24.358955, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -64.920394, "energy": 85.135217, "activity_lines": [ 28.088764, 29.817377, 31.714883, 32.365619 ] }, { "date": "2026-02-06", "close": 24.511591, "volume": 22226603, "typical_volume": 6122735.7, "trend": 32.193555, "fair_value": 31.473024, "relative_strength": -23.948847, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.406461, "energy": 96.134692, "activity_lines": [ 26.54135, 28.655905, 30.873744, 31.864765 ] }, { "date": "2026-02-13", "close": 24.042282, "volume": 16269021, "typical_volume": 6682650.45, "trend": 32.082527, "fair_value": 31.426187, "relative_strength": -24.168025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.089653, "energy": 93.690744, "activity_lines": [ 25.272262, 27.556585, 30.041912, 31.338876 ] }, { "date": "2026-02-20", "close": 24.208496, "volume": 8324346, "typical_volume": 6844274.85, "trend": 31.905224, "fair_value": 31.386471, "relative_strength": -24.270323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.725318, "energy": 90.773025, "activity_lines": [ 24.591764, 26.646233, 29.284366, 30.830874 ] }, { "date": "2026-02-27", "close": 24.218273, "volume": 11252273, "typical_volume": 7148955.15, "trend": 31.802628, "fair_value": 31.338762, "relative_strength": -23.818621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.206793, "energy": 88.161848, "activity_lines": [ 24.269115, 25.887696, 28.587677, 30.334942 ] }, { "date": "2026-03-06", "close": 25.259551, "volume": 11261696, "typical_volume": 7524729.05, "trend": 31.653627, "fair_value": 31.302848, "relative_strength": -19.272781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.404693, "energy": 66.293669, "activity_lines": [ 24.559499, 25.471362, 28.053085, 29.912808 ] }, { "date": "2026-03-13", "close": 22.709878, "volume": 11756266, "typical_volume": 7897269.2, "trend": 31.394631, "fair_value": 31.237416, "relative_strength": -26.30994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.078404, "energy": 69.278092, "activity_lines": [ 23.980112, 24.727533, 27.335623, 29.335792 ] }, { "date": "2026-03-20", "close": 22.304698, "volume": 9950320, "typical_volume": 8070040.2, "trend": 31.091992, "fair_value": 31.167604, "relative_strength": -25.783932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.906872, "energy": 68.04752, "activity_lines": [ 23.38578, 24.061365, 26.653146, 28.749344 ] }, { "date": "2026-03-27", "close": 21.286805, "volume": 7078665, "typical_volume": 8029948.35, "trend": 30.741317, "fair_value": 31.082292, "relative_strength": -26.431976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.479414, "energy": 68.862769, "activity_lines": [ 22.567988, 23.387133, 25.944613, 28.116752 ] }, { "date": "2026-04-03", "close": 22.255285, "volume": 4678311, "typical_volume": 7990433.1, "trend": 30.408978, "fair_value": 31.00503, "relative_strength": -25.567726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.003921, "energy": 65.316953, "activity_lines": [ 22.267803, 23.038816, 25.386592, 27.569266 ] }, { "date": "2026-04-10", "close": 20.604916, "volume": 9615017, "typical_volume": 8181543.45, "trend": 29.942428, "fair_value": 30.911263, "relative_strength": -33.547787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.871397, "energy": 67.772989, "activity_lines": [ 21.548361, 22.498651, 24.720949, 26.936746 ] }, { "date": "2026-04-17", "close": 23.194118, "volume": 8901741, "typical_volume": 8496396.05, "trend": 29.520486, "fair_value": 30.842492, "relative_strength": -29.035189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.951957, "energy": 58.820104, "activity_lines": [ 22.002294, 22.508458, 24.356586, 26.501371 ] }, { "date": "2026-04-24", "close": 22.146578, "volume": 7807309, "typical_volume": 8420730.1, "trend": 29.048109, "fair_value": 30.766489, "relative_strength": -33.157583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.566388, "energy": 52.049643, "activity_lines": [ 22.074766, 22.351758, 23.937356, 26.025635 ] }, { "date": "2026-05-01", "close": 22.927292, "volume": 6845326, "typical_volume": 8522298.2, "trend": 28.585916, "fair_value": 30.675241, "relative_strength": -31.401536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.372094, "energy": 43.346197, "activity_lines": [ 22.418016, 22.371473, 23.643085, 25.630743 ] }, { "date": "2026-05-08", "close": 24.429425, "volume": 14131394, "typical_volume": 9027994.15, "trend": 28.15246, "fair_value": 30.600697, "relative_strength": -30.207731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.570869, "energy": 29.121399, "activity_lines": [ 23.152612, 22.687598, 23.537269, 25.362583 ] }, { "date": "2026-05-15", "close": 22.413405, "volume": 18438224, "typical_volume": 9864747.85, "trend": 27.637902, "fair_value": 30.505119, "relative_strength": -35.253846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.774635, "energy": 30.150817, "activity_lines": [ 23.070258, 22.633334, 23.278487, 24.992321 ] }, { "date": "2026-05-22", "close": 23.194118, "volume": 15675459, "typical_volume": 10528335.05, "trend": 27.139025, "fair_value": 30.413971, "relative_strength": -33.272604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.744037, "energy": 22.968363, "activity_lines": [ 23.127576, 22.772766, 23.143252, 24.705625 ] }, { "date": "2026-05-29", "close": 23.559769, "volume": 15873287, "typical_volume": 11122292.9, "trend": 26.684661, "fair_value": 30.321394, "relative_strength": -33.593704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.838951, "energy": 18.806911, "activity_lines": [ 23.306778, 22.969876, 23.080169, 24.474706 ] }, { "date": "2026-06-05", "close": 23.12, "volume": 14638988, "typical_volume": 11566455.45, "trend": 26.33783, "fair_value": 30.226114, "relative_strength": -31.264461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.099137, "energy": 17.761236, "activity_lines": [ 23.245178, 23.064209, 23.015585, 24.244727 ] }, { "date": "2026-06-12", "close": 22.23, "volume": 13953433, "typical_volume": 11914456.95, "trend": 25.990101, "fair_value": 30.128543, "relative_strength": -34.851742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.309535, "energy": 24.205539, "activity_lines": [ 22.874063, 22.963392, 22.896751, 23.979706 ] }, { "date": "2026-06-19", "close": 20.69, "volume": 11806194, "typical_volume": 12024193.65, "trend": 25.610112, "fair_value": 30.0292, "relative_strength": -40.384531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.834287, "energy": 37.608689, "activity_lines": [ 22.136244, 22.583036, 22.659713, 23.637764 ] }, { "date": "2026-06-26", "close": 22.09, "volume": 10948227, "typical_volume": 11460274.85, "trend": 25.25901, "fair_value": 29.930384, "relative_strength": -32.821998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.67562, "energy": 33.724658, "activity_lines": [ 21.979985, 22.455677, 22.576349, 23.41066 ] }, { "date": "2026-07-03", "close": 23.04, "volume": 5143511, "typical_volume": 10903999.35, "trend": 24.934564, "fair_value": 29.848941, "relative_strength": -29.960154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.56615, "energy": 30.210275, "activity_lines": [ 22.214, 22.521121, 22.594993, 23.267498 ] }, { "date": "2026-07-10", "close": 23.01, "volume": 6595669, "typical_volume": 10817565.5, "trend": 24.619547, "fair_value": 29.755965, "relative_strength": -30.80334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.778488, "energy": 24.951192, "activity_lines": [ 22.472667, 22.564867, 22.615552, 23.143333 ] }, { "date": "2026-07-17", "close": 23.27, "volume": 6275963, "typical_volume": 10568750.0, "trend": 24.307656, "fair_value": 29.663266, "relative_strength": -26.506641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.553644, "energy": 11.708302, "activity_lines": [ 22.825333, 22.654381, 22.66658, 23.056265 ] }, { "date": "2026-07-24", "close": 22.37, "volume": 7018505, "typical_volume": 10356590.45, "trend": 23.961855, "fair_value": 29.561906, "relative_strength": -27.602678, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.784734, "energy": 14.254056, "activity_lines": [ 22.808667, 22.601339, 22.636409, 22.931255 ] }, { "date": "2026-07-31", "close": 25.34, "volume": 8701102, "typical_volume": 10203832.25, "trend": 23.772088, "fair_value": 29.511465, "relative_strength": -17.997795, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.472252, "energy": 12.335152, "activity_lines": [ 23.67, 23.089087, 22.902855, 23.020168 ] }, { "date": "2026-08-07", "close": 24.94, "volume": 13055447, "typical_volume": 10359088.6, "trend": 23.535418, "fair_value": 29.451228, "relative_strength": -22.625759, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.782234, "energy": 31.560654, "activity_lines": [ 24.181333, 23.465091, 23.118682, 23.095517 ] } ], "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." } } }