{ "ticker": { "uuid": "0dc67641-e47d-421d-89d0-f5775baa6b89", "symbol": "BESQAB", "name": "Besqab AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 72.048, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 35.94, "architecture_energy": 50.955, "architecture_maturity": 13.835, "architecture_confidence": 59.996, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 25.94, "rotation_up": 66.47, "upward_expansion": 59.23, "deceleration": 25.58, "rotation_down": 19.45, "downward_expansion": 17.57 }, "activity_lines": [ 28.706667, 28.165455, 27.155714, 26.890538 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 28.200001, "trend_reference": 26.91, "distance_from_trend": 0.047938, "trend_direction": "Improving", "fair_value": 26.308333, "distance_from_fair_value": 0.071904, "fair_value_direction": "Improving", "relative_strength": -2.29568, "relative_strength_direction": "Improving", "price_momentum": -0.027586, "excess_performance": -0.089081, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.047938, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012923, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.071904, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.104567, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.022957, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.028528, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.027586, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.739826, "read": "Demand-led" } ], "volume": { "latest": 68869, "relative_activity": 0.51225, "balance": 2.739826, "dry_up": 0.875677, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.053191, "annualized_volatility": 0.244911, "from_high_reference": -0.072368, "from_low_reference": 0.41 }, "levels": { "trend_reference": 26.91, "fair_value_reference": 26.308333, "structural_low": 23.299999, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.036592, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.041515, "regime_survival": 0.166667, "best_return": 0.110204, "worst_return": -0.183486, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.114286, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.175031, "regime_survival": 0.0, "best_return": 0.183673, "worst_return": -0.201835, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.185874, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.111712, "regime_survival": 0.0, "best_return": 0.081633, "worst_return": -0.229651, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.21148, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.325834, "regime_survival": 0.0, "best_return": -0.193309, "worst_return": -0.229651, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-29", "tenure": "Developing", "return": -0.120879, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-06-27", "tenure": "Extended", "return": -0.076305, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.040161, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": -0.044898, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": -0.078261, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": 0.176191, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": 0.020408, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-03-13", "tenure": "Established", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": -0.016, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": -0.003922, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.015625, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": 0.129921, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.017422, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 34.599998, "volume": 3185, "typical_volume": 15771.0, "trend": 34.543334, "fair_value": 48.23193, "relative_strength": -11.583451, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.061361, "energy": 21.83815, "activity_lines": [ 34.013333, 32.172727, 32.160476, 33.225591 ] }, { "date": "2023-08-25", "close": 34.400002, "volume": 3493, "typical_volume": 15688.05, "trend": 34.476667, "fair_value": 48.111652, "relative_strength": -11.123015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 16.803999, "energy": 31.085203, "activity_lines": [ 34.58, 32.765454, 32.282381, 33.216344 ] }, { "date": "2023-09-01", "close": 34.400002, "volume": 3727, "typical_volume": 14712.85, "trend": 34.456667, "fair_value": 47.993448, "relative_strength": -11.523478, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.86432, "energy": 32.471063, "activity_lines": [ 34.746667, 33.274546, 32.413333, 33.211398 ] }, { "date": "2023-09-08", "close": 34.0, "volume": 6021, "typical_volume": 14752.0, "trend": 34.413334, "fair_value": 47.873846, "relative_strength": -11.112811, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.017764, "energy": 27.351154, "activity_lines": [ 34.453334, 33.618182, 32.519524, 33.181936 ] }, { "date": "2023-09-15", "close": 36.5, "volume": 6305, "typical_volume": 14397.2, "trend": 34.296667, "fair_value": 47.777458, "relative_strength": -4.243226, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.890906, "energy": 31.113645, "activity_lines": [ 35.006667, 34.341818, 32.877619, 33.316559 ] }, { "date": "2023-09-22", "close": 34.0, "volume": 21229, "typical_volume": 15355.1, "trend": 34.13, "fair_value": 47.661681, "relative_strength": -8.478329, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.168866, "energy": 15.693094, "activity_lines": [ 34.746667, 34.507273, 33.0, 33.297419 ] }, { "date": "2023-09-29", "close": 34.099998, "volume": 2130, "typical_volume": 14496.85, "trend": 33.953333, "fair_value": 47.548667, "relative_strength": -6.679169, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.283681, "energy": 8.741834, "activity_lines": [ 34.559999, 34.583636, 33.140952, 33.295484 ] }, { "date": "2023-10-06", "close": 34.599998, "volume": 3045, "typical_volume": 14322.65, "trend": 33.903333, "fair_value": 47.441653, "relative_strength": -4.182986, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.165448, "energy": 11.966098, "activity_lines": [ 34.559999, 34.647272, 33.340476, 33.337204 ] }, { "date": "2023-10-13", "close": 32.400002, "volume": 910, "typical_volume": 14073.5, "trend": 33.72, "fair_value": 47.318361, "relative_strength": -10.881744, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.342752, "energy": 6.074837, "activity_lines": [ 33.813333, 34.218182, 33.339524, 33.240215 ] }, { "date": "2023-10-20", "close": 31.4, "volume": 3951, "typical_volume": 11710.65, "trend": 33.586667, "fair_value": 47.188943, "relative_strength": -8.137343, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.344909, "energy": 14.497409, "activity_lines": [ 32.84, 33.64, 33.258571, 33.090538 ] }, { "date": "2023-10-27", "close": 28.4, "volume": 7128, "typical_volume": 11859.25, "trend": 33.22, "fair_value": 47.037419, "relative_strength": -15.123082, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.559436, "energy": 48.547834, "activity_lines": [ 31.206667, 32.614545, 32.882381, 32.755914 ] }, { "date": "2023-11-03", "close": 29.0, "volume": 4153, "typical_volume": 11457.6, "trend": 32.976667, "fair_value": 46.89312, "relative_strength": -15.850369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.410788, "energy": 66.087102, "activity_lines": [ 30.146667, 31.810909, 32.57, 32.483656 ] }, { "date": "2023-11-10", "close": 26.799999, "volume": 16560, "typical_volume": 12218.4, "trend": 32.63, "fair_value": 46.733651, "relative_strength": -21.249126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.286469, "energy": 81.799622, "activity_lines": [ 28.693333, 30.705454, 32.051905, 32.085161 ] }, { "date": "2023-11-17", "close": 29.700001, "volume": 8922, "typical_volume": 12443.5, "trend": 32.39, "fair_value": 46.599528, "relative_strength": -15.32667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.283039, "energy": 73.579213, "activity_lines": [ 28.726667, 30.265454, 31.821905, 31.896129 ] }, { "date": "2023-11-24", "close": 28.299999, "volume": 27527, "typical_volume": 11926.4, "trend": 32.1, "fair_value": 46.456563, "relative_strength": -19.648531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.721423, "energy": 68.441324, "activity_lines": [ 28.473333, 29.649091, 31.459524, 31.632258 ] }, { "date": "2023-12-01", "close": 28.299999, "volume": 53552, "typical_volume": 10435.95, "trend": 31.846666, "fair_value": 46.315814, "relative_strength": -19.638472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.404163, "energy": 55.527366, "activity_lines": [ 28.426666, 29.181818, 31.109047, 31.387097 ] }, { "date": "2023-12-08", "close": 27.700001, "volume": 32173, "typical_volume": 11320.65, "trend": 31.556666, "fair_value": 46.172615, "relative_strength": -22.644566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.913025, "energy": 45.197111, "activity_lines": [ 28.186667, 28.709091, 30.700476, 31.11957 ] }, { "date": "2023-12-15", "close": 30.200001, "volume": 19034, "typical_volume": 11770.7, "trend": 31.346666, "fair_value": 46.050687, "relative_strength": -17.531389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.278064, "energy": 33.482461, "activity_lines": [ 28.866667, 28.807273, 30.533333, 31.032043 ] }, { "date": "2023-12-22", "close": 31.4, "volume": 23166, "typical_volume": 12541.3, "trend": 31.206667, "fair_value": 45.939697, "relative_strength": -13.395054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.317679, "energy": 20.846367, "activity_lines": [ 29.72, 29.203636, 30.477143, 31.035484 ] }, { "date": "2023-12-29", "close": 32.5, "volume": 8651, "typical_volume": 12743.1, "trend": 31.31, "fair_value": 45.838647, "relative_strength": -10.420522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.216002, "energy": 16.126393, "activity_lines": [ 30.826667, 29.818182, 30.539048, 31.118925 ] }, { "date": "2024-01-05", "close": 31.6, "volume": 7005, "typical_volume": 12934.1, "trend": 31.37, "fair_value": 45.732388, "relative_strength": -10.258874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.560957, "energy": 20.832357, "activity_lines": [ 31.353334, 30.249091, 30.535714, 31.137634 ] }, { "date": "2024-01-12", "close": 34.0, "volume": 6850, "typical_volume": 13101.95, "trend": 31.51, "fair_value": 45.645482, "relative_strength": -3.941351, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.350023, "energy": 27.997443, "activity_lines": [ 32.46, 31.058182, 30.775238, 31.307312 ] }, { "date": "2024-01-19", "close": 32.700001, "volume": 15465, "typical_volume": 13688.85, "trend": 31.623333, "fair_value": 45.550294, "relative_strength": -4.998448, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.100099, "energy": 24.345098, "activity_lines": [ 32.713334, 31.54, 30.892857, 31.384086 ] }, { "date": "2024-01-26", "close": 33.5, "volume": 6389, "typical_volume": 13707.25, "trend": 31.743333, "fair_value": 45.462336, "relative_strength": -5.342631, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.921135, "energy": 33.375958, "activity_lines": [ 33.066667, 32.06, 31.094762, 31.505161 ] }, { "date": "2024-02-02", "close": 30.5, "volume": 64763, "typical_volume": 16630.15, "trend": 31.733333, "fair_value": 45.353913, "relative_strength": -13.473798, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.621367, "energy": 14.088272, "activity_lines": [ 32.28, 31.965455, 31.013333, 31.424946 ] }, { "date": "2024-02-09", "close": 29.299999, "volume": 54468, "typical_volume": 18292.1, "trend": 31.773333, "fair_value": 45.238417, "relative_strength": -15.941883, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.825829, "energy": 15.549278, "activity_lines": [ 31.226666, 31.612727, 30.84619, 31.267957 ] }, { "date": "2024-02-16", "close": 26.700001, "volume": 37048, "typical_volume": 20038.0, "trend": 31.716667, "fair_value": 45.106, "relative_strength": -24.541507, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.012686, "energy": 32.314318, "activity_lines": [ 29.46, 30.769091, 30.45381, 30.940645 ] }, { "date": "2024-02-23", "close": 25.700001, "volume": 30843, "typical_volume": 21427.9, "trend": 31.59, "fair_value": 44.968369, "relative_strength": -27.482586, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.564216, "energy": 54.8633, "activity_lines": [ 27.846667, 29.761818, 30.001429, 30.552473 ] }, { "date": "2024-03-01", "close": 26.5, "volume": 28118, "typical_volume": 22788.3, "trend": 31.333333, "fair_value": 44.83831, "relative_strength": -25.352972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.368681, "energy": 65.591757, "activity_lines": [ 26.966667, 28.981818, 29.667619, 30.224086 ] }, { "date": "2024-03-08", "close": 23.700001, "volume": 70712, "typical_volume": 26126.35, "trend": 30.896667, "fair_value": 44.69049, "relative_strength": -33.32644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.160387, "energy": 77.15715, "activity_lines": [ 25.620001, 27.781819, 29.095238, 29.731613 ] }, { "date": "2024-03-15", "close": 25.200001, "volume": 59051, "typical_volume": 28722.5, "trend": 30.583334, "fair_value": 44.555139, "relative_strength": -29.614242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.30885, "energy": 70.302103, "activity_lines": [ 25.226667, 27.014546, 28.702381, 29.364086 ] }, { "date": "2024-03-22", "close": 24.799999, "volume": 79344, "typical_volume": 32482.05, "trend": 30.263333, "fair_value": 44.418897, "relative_strength": -30.068804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.934984, "energy": 63.87457, "activity_lines": [ 24.973334, 26.290909, 28.286667, 28.990968 ] }, { "date": "2024-03-29", "close": 25.9, "volume": 293512, "typical_volume": 46329.65, "trend": 29.98, "fair_value": 44.292055, "relative_strength": -25.742411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.328149, "energy": 51.149403, "activity_lines": [ 25.213333, 25.934546, 27.995715, 28.709463 ] }, { "date": "2024-04-05", "close": 25.5, "volume": 94135, "typical_volume": 50590.3, "trend": 29.696667, "fair_value": 44.164218, "relative_strength": -25.833425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.780441, "energy": 40.336311, "activity_lines": [ 25.306667, 25.629091, 27.670953, 28.42043 ] }, { "date": "2024-04-12", "close": 27.9, "volume": 154452, "typical_volume": 56936.55, "trend": 29.41, "fair_value": 44.054324, "relative_strength": -18.304916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.816999, "energy": 27.351858, "activity_lines": [ 26.266667, 25.905455, 27.594762, 28.304516 ] }, { "date": "2024-04-19", "close": 26.1, "volume": 70328, "typical_volume": 57775.35, "trend": 29.146667, "fair_value": 43.933826, "relative_strength": -22.771715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.824263, "energy": 21.906269, "activity_lines": [ 26.346667, 25.901818, 27.349048, 28.090968 ] }, { "date": "2024-04-26", "close": 26.5, "volume": 62305, "typical_volume": 59281.95, "trend": 28.893333, "fair_value": 43.8176, "relative_strength": -22.639961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.280732, "energy": 18.19496, "activity_lines": [ 26.5, 26.029091, 27.151905, 27.920215 ] }, { "date": "2024-05-03", "close": 27.5, "volume": 62639, "typical_volume": 61462.2, "trend": 28.656667, "fair_value": 43.709537, "relative_strength": -18.556092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.570013, "energy": 17.84931, "activity_lines": [ 26.873333, 26.341818, 27.055714, 27.830323 ] }, { "date": "2024-05-10", "close": 28.0, "volume": 69362, "typical_volume": 63772.0, "trend": 28.51, "fair_value": 43.606184, "relative_strength": -19.188111, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.37154, "energy": 14.355173, "activity_lines": [ 27.306667, 26.712727, 27.02, 27.787957 ] }, { "date": "2024-05-17", "close": 28.9, "volume": 53002, "typical_volume": 65989.55, "trend": 28.426667, "fair_value": 43.510065, "relative_strength": -15.168392, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.542845, "energy": 9.904591, "activity_lines": [ 27.873333, 27.22, 27.086191, 27.813118 ] }, { "date": "2024-05-24", "close": 29.1, "volume": 342845, "typical_volume": 82781.55, "trend": 28.45, "fair_value": 43.416494, "relative_strength": -14.733496, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.03357, "energy": 13.709746, "activity_lines": [ 28.44, 27.669091, 27.188572, 27.856559 ] }, { "date": "2024-05-31", "close": 27.9, "volume": 275463, "typical_volume": 96212.2, "trend": 28.413333, "fair_value": 43.316387, "relative_strength": -17.351262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.746324, "energy": 14.760414, "activity_lines": [ 28.406667, 27.829091, 27.188571, 27.821075 ] }, { "date": "2024-06-07", "close": 27.799999, "volume": 157501, "typical_volume": 103314.0, "trend": 28.446667, "fair_value": 43.216923, "relative_strength": -17.973407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.50293, "energy": 14.352496, "activity_lines": [ 28.246666, 27.914545, 27.208095, 27.781505 ] }, { "date": "2024-06-14", "close": 26.5, "volume": 60368, "typical_volume": 106012.95, "trend": 28.34, "fair_value": 43.020513, "relative_strength": -19.619611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.328967, "energy": 12.719665, "activity_lines": [ 27.633333, 27.729091, 27.127143, 27.655914 ] }, { "date": "2024-06-21", "close": 25.6, "volume": 27324, "typical_volume": 104141.0, "trend": 28.25, "fair_value": 42.825641, "relative_strength": -22.349953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.458798, "energy": 26.276155, "activity_lines": [ 26.82, 27.361818, 26.993809, 27.47914 ] }, { "date": "2024-06-28", "close": 24.5, "volume": 122282, "typical_volume": 107531.7, "trend": 28.123333, "fair_value": 42.623718, "relative_strength": -25.178583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.903599, "energy": 44.537033, "activity_lines": [ 25.86, 26.836364, 26.779048, 27.237204 ] }, { "date": "2024-07-05", "close": 24.0, "volume": 116958, "typical_volume": 111527.2, "trend": 28.0, "fair_value": 42.41859, "relative_strength": -25.851278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.810255, "energy": 64.633943, "activity_lines": [ 25.04, 26.249091, 26.539524, 26.971183 ] }, { "date": "2024-07-12", "close": 26.6, "volume": 128053, "typical_volume": 116387.7, "trend": 27.88, "fair_value": 42.230128, "relative_strength": -19.842066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.85959, "energy": 55.817643, "activity_lines": [ 25.346667, 26.18, 26.560476, 26.88086 ] }, { "date": "2024-07-19", "close": 25.700001, "volume": 84007, "typical_volume": 119182.15, "trend": 27.69, "fair_value": 42.039103, "relative_strength": -20.41319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.11257, "energy": 51.064508, "activity_lines": [ 25.433334, 25.963636, 26.491429, 26.740215 ] }, { "date": "2024-07-26", "close": 25.5, "volume": 45400, "typical_volume": 117916.55, "trend": 27.456667, "fair_value": 41.846795, "relative_strength": -20.893648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.689233, "energy": 31.938209, "activity_lines": [ 25.506667, 25.752727, 26.407143, 26.598925 ] }, { "date": "2024-08-02", "close": 24.9, "volume": 53782, "typical_volume": 117653.1, "trend": 27.233333, "fair_value": 41.651923, "relative_strength": -18.581502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.386924, "energy": 28.720475, "activity_lines": [ 25.386667, 25.494546, 26.257143, 26.433979 ] }, { "date": "2024-08-09", "close": 23.799999, "volume": 38196, "typical_volume": 115595.7, "trend": 26.893333, "fair_value": 41.451282, "relative_strength": -21.052232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.628877, "energy": 37.8491, "activity_lines": [ 24.873333, 25.112727, 26.003809, 26.212473 ] }, { "date": "2024-08-16", "close": 24.1, "volume": 82644, "typical_volume": 105052.3, "trend": 26.606667, "fair_value": 41.254487, "relative_strength": -21.595272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.186501, "energy": 40.038051, "activity_lines": [ 24.473333, 24.86, 25.783809, 26.032258 ] }, { "date": "2024-08-23", "close": 24.0, "volume": 172860, "typical_volume": 108988.55, "trend": 26.29, "fair_value": 41.05, "relative_strength": -21.898223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.308811, "energy": 50.357261, "activity_lines": [ 24.206666, 24.656364, 25.562857, 25.864086 ] }, { "date": "2024-08-30", "close": 26.5, "volume": 50971, "typical_volume": 103814.5, "trend": 26.156667, "fair_value": 40.839744, "relative_strength": -14.222155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.459502, "energy": 27.170702, "activity_lines": [ 24.886667, 24.952727, 25.587143, 25.877634 ] }, { "date": "2024-09-06", "close": 25.0, "volume": 26952, "typical_volume": 101645.7, "trend": 26.013333, "fair_value": 40.625641, "relative_strength": -14.561841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.666397, "energy": 19.771473, "activity_lines": [ 25.0, 24.96, 25.475238, 25.803011 ] }, { "date": "2024-09-13", "close": 25.799999, "volume": 31385, "typical_volume": 100099.7, "trend": 25.983333, "fair_value": 40.421795, "relative_strength": -12.455803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.270617, "energy": 15.07387, "activity_lines": [ 25.373333, 25.103636, 25.444762, 25.789247 ] }, { "date": "2024-09-20", "close": 26.700001, "volume": 81995, "typical_volume": 101067.5, "trend": 26.016667, "fair_value": 40.234616, "relative_strength": -10.509518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.340778, "energy": 14.408647, "activity_lines": [ 25.913333, 25.378182, 25.503333, 25.835484 ] }, { "date": "2024-09-27", "close": 27.5, "volume": 69713, "typical_volume": 101085.05, "trend": 26.05, "fair_value": 40.053846, "relative_strength": -9.11785, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.919994, "energy": 19.264729, "activity_lines": [ 26.546667, 25.796364, 25.641905, 25.931183 ] }, { "date": "2024-10-04", "close": 27.0, "volume": 29978, "typical_volume": 99933.85, "trend": 26.16, "fair_value": 39.88718, "relative_strength": -8.676355, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.620024, "energy": 25.068868, "activity_lines": [ 26.78, 26.090909, 25.735238, 25.992473 ] }, { "date": "2024-10-11", "close": 27.4, "volume": 75411, "typical_volume": 86562.15, "trend": 26.233333, "fair_value": 39.717949, "relative_strength": -6.113916, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.042496, "energy": 35.825388, "activity_lines": [ 27.113333, 26.430909, 25.875714, 26.072473 ] }, { "date": "2024-10-18", "close": 26.9, "volume": 47991, "typical_volume": 75188.55, "trend": 26.303333, "fair_value": 39.550641, "relative_strength": -7.27501, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.169501, "energy": 32.944059, "activity_lines": [ 27.12, 26.634545, 25.976667, 26.115484 ] }, { "date": "2024-10-25", "close": 26.299999, "volume": 54457, "typical_volume": 70036.35, "trend": 26.316667, "fair_value": 39.383974, "relative_strength": -8.689926, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.922337, "energy": 14.517177, "activity_lines": [ 26.853333, 26.672727, 26.025238, 26.115269 ] }, { "date": "2024-11-01", "close": 27.299999, "volume": 30391, "typical_volume": 68537.5, "trend": 26.376667, "fair_value": 39.222436, "relative_strength": -3.42379, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.246576, "energy": 15.40795, "activity_lines": [ 26.946666, 26.852727, 26.17619, 26.17871 ] }, { "date": "2024-11-08", "close": 26.6, "volume": 60820, "typical_volume": 70212.3, "trend": 26.333333, "fair_value": 39.059616, "relative_strength": -5.582581, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.344511, "energy": 8.831077, "activity_lines": [ 26.82, 26.845454, 26.256666, 26.193118 ] }, { "date": "2024-11-15", "close": 25.4, "volume": 54192, "typical_volume": 66807.8, "trend": 26.31, "fair_value": 38.869231, "relative_strength": -7.543884, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.969183, "energy": 6.51831, "activity_lines": [ 26.32, 26.618182, 26.218095, 26.132903 ] }, { "date": "2024-11-22", "close": 24.4, "volume": 19616, "typical_volume": 61940.7, "trend": 26.24, "fair_value": 38.669872, "relative_strength": -10.860975, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.850076, "energy": 22.581066, "activity_lines": [ 25.62, 26.201818, 26.08, 26.009677 ] }, { "date": "2024-11-29", "close": 24.0, "volume": 31020, "typical_volume": 57089.05, "trend": 26.123333, "fair_value": 38.451923, "relative_strength": -11.841824, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.250328, "energy": 42.750199, "activity_lines": [ 24.953333, 25.738182, 25.901905, 25.865161 ] }, { "date": "2024-12-06", "close": 24.9, "volume": 259239, "typical_volume": 65850.65, "trend": 26.02, "fair_value": 38.223718, "relative_strength": -11.664746, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.074649, "energy": 45.093095, "activity_lines": [ 24.74, 25.487273, 25.821905, 25.786236 ] }, { "date": "2024-12-13", "close": 26.0, "volume": 666269, "typical_volume": 96894.1, "trend": 25.923333, "fair_value": 37.986539, "relative_strength": -5.252386, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.509655, "energy": 36.464869, "activity_lines": [ 25.053333, 25.483636, 25.850476, 25.784946 ] }, { "date": "2024-12-20", "close": 23.9, "volume": 79300, "typical_volume": 98170.0, "trend": 25.75, "fair_value": 37.739103, "relative_strength": -9.453877, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.477579, "energy": 43.686996, "activity_lines": [ 24.706667, 25.116364, 25.676667, 25.654408 ] }, { "date": "2024-12-27", "close": 24.200001, "volume": 22432, "typical_volume": 97381.8, "trend": 25.626667, "fair_value": 37.496154, "relative_strength": -8.255295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.045648, "energy": 33.710071, "activity_lines": [ 24.56, 24.867273, 25.53619, 25.554409 ] }, { "date": "2025-01-03", "close": 25.5, "volume": 28283, "typical_volume": 94663.75, "trend": 25.55, "fair_value": 37.265385, "relative_strength": -3.555233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.501559, "energy": 23.549215, "activity_lines": [ 24.86, 24.903637, 25.517619, 25.546237 ] }, { "date": "2025-01-10", "close": 23.799999, "volume": 40314, "typical_volume": 88036.45, "trend": 25.46, "fair_value": 37.030128, "relative_strength": -9.59813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.728748, "energy": 36.742443, "activity_lines": [ 24.493333, 24.645455, 25.330476, 25.433333 ] }, { "date": "2025-01-17", "close": 23.9, "volume": 15930, "typical_volume": 86284.4, "trend": 25.403333, "fair_value": 36.778846, "relative_strength": -11.636879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.711339, "energy": 34.657747, "activity_lines": [ 24.233333, 24.469091, 25.153809, 25.332688 ] }, { "date": "2025-01-24", "close": 23.700001, "volume": 114177, "typical_volume": 90645.65, "trend": 25.376667, "fair_value": 36.546795, "relative_strength": -13.24479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.32946, "energy": 39.101549, "activity_lines": [ 24.046667, 24.305455, 24.970476, 25.222796 ] }, { "date": "2025-01-31", "close": 25.4, "volume": 114224, "typical_volume": 94787.6, "trend": 25.423333, "fair_value": 36.319872, "relative_strength": -6.457704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.721734, "energy": 29.101518, "activity_lines": [ 24.44, 24.481818, 24.955238, 25.224301 ] }, { "date": "2025-02-07", "close": 24.5, "volume": 82547, "typical_volume": 94815.2, "trend": 25.353333, "fair_value": 36.102564, "relative_strength": -8.168831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.669644, "energy": 23.30026, "activity_lines": [ 24.453333, 24.476364, 24.856191, 25.164731 ] }, { "date": "2025-02-14", "close": 25.0, "volume": 150080, "typical_volume": 98833.55, "trend": 25.33, "fair_value": 35.891026, "relative_strength": -8.631012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.92813, "energy": 14.350215, "activity_lines": [ 24.7, 24.552727, 24.815238, 25.141935 ] }, { "date": "2025-02-21", "close": 24.4, "volume": 158249, "typical_volume": 105247.1, "trend": 25.293333, "fair_value": 35.682051, "relative_strength": -10.789973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.302716, "energy": 16.129742, "activity_lines": [ 24.666667, 24.518182, 24.729048, 25.081935 ] }, { "date": "2025-02-28", "close": 25.1, "volume": 33636, "typical_volume": 103158.35, "trend": 25.3, "fair_value": 35.490385, "relative_strength": -7.971588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.809134, "energy": 12.384392, "activity_lines": [ 24.833333, 24.64, 24.721905, 25.069462 ] }, { "date": "2025-03-07", "close": 23.4, "volume": 47690, "typical_volume": 103143.3, "trend": 25.286667, "fair_value": 35.28141, "relative_strength": -14.189263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.874121, "energy": 23.539001, "activity_lines": [ 24.34, 24.430909, 24.56381, 24.946882 ] }, { "date": "2025-03-14", "close": 22.9, "volume": 92345, "typical_volume": 105037.7, "trend": 25.246667, "fair_value": 35.05, "relative_strength": -14.324368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.62118, "energy": 40.626468, "activity_lines": [ 23.813333, 24.145455, 24.374762, 24.792903 ] }, { "date": "2025-03-21", "close": 23.200001, "volume": 71708, "typical_volume": 107103.55, "trend": 25.22, "fair_value": 34.821154, "relative_strength": -11.287008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.947126, "energy": 46.608323, "activity_lines": [ 23.493334, 23.961818, 24.230476, 24.66086 ] }, { "date": "2025-03-28", "close": 23.5, "volume": 44585, "typical_volume": 106291.8, "trend": 25.12, "fair_value": 34.601282, "relative_strength": -6.888457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.148226, "energy": 49.086304, "activity_lines": [ 23.393334, 23.843637, 24.134286, 24.549893 ] }, { "date": "2025-04-04", "close": 23.0, "volume": 68776, "typical_volume": 107021.0, "trend": 25.053333, "fair_value": 34.380769, "relative_strength": 1.332009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.717978, "energy": 48.434695, "activity_lines": [ 23.186667, 23.641818, 24.005238, 24.413118 ] }, { "date": "2025-04-11", "close": 21.799999, "volume": 291111, "typical_volume": 120595.75, "trend": 24.92, "fair_value": 34.155128, "relative_strength": -3.256395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.395425, "energy": 49.734797, "activity_lines": [ 22.72, 23.234545, 23.773333, 24.203226 ] }, { "date": "2025-04-18", "close": 21.9, "volume": 20605, "typical_volume": 120075.0, "trend": 24.76, "fair_value": 33.940385, "relative_strength": -5.822299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.439529, "energy": 46.887171, "activity_lines": [ 22.393333, 22.910909, 23.563333, 24.008387 ] }, { "date": "2025-04-25", "close": 22.5, "volume": 22023, "typical_volume": 108214.2, "trend": 24.593333, "fair_value": 33.746154, "relative_strength": -5.888401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.810092, "energy": 40.724742, "activity_lines": [ 22.333333, 22.743636, 23.420476, 23.862581 ] }, { "date": "2025-05-02", "close": 22.0, "volume": 56818, "typical_volume": 77741.65, "trend": 24.426667, "fair_value": 33.560257, "relative_strength": -8.972639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.976205, "energy": 41.058742, "activity_lines": [ 22.153333, 22.530909, 23.241429, 23.695269 ] }, { "date": "2025-05-09", "close": 23.5, "volume": 48063, "typical_volume": 76179.8, "trend": 24.296667, "fair_value": 33.339103, "relative_strength": -2.024112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.460484, "energy": 27.956441, "activity_lines": [ 22.573333, 22.634545, 23.224286, 23.635484 ] }, { "date": "2025-05-16", "close": 21.9, "volume": 52580, "typical_volume": 77687.2, "trend": 24.13, "fair_value": 33.101282, "relative_strength": -11.673699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.83744, "energy": 28.768167, "activity_lines": [ 22.426667, 22.476364, 23.056667, 23.48086 ] }, { "date": "2025-05-23", "close": 20.9, "volume": 107528, "typical_volume": 81649.45, "trend": 23.95, "fair_value": 32.851923, "relative_strength": -13.058715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.883831, "energy": 34.509531, "activity_lines": [ 21.94, 22.163636, 22.804762, 23.272473 ] }, { "date": "2025-05-30", "close": 21.200001, "volume": 69149, "typical_volume": 83091.2, "trend": 23.746667, "fair_value": 32.609616, "relative_strength": -12.005452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.388822, "energy": 33.759034, "activity_lines": [ 21.62, 21.941818, 22.603333, 23.095054 ] }, { "date": "2025-06-06", "close": 21.4, "volume": 80667, "typical_volume": 86328.05, "trend": 23.573333, "fair_value": 32.36218, "relative_strength": -11.70149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.600352, "energy": 46.106443, "activity_lines": [ 21.453334, 21.792727, 22.433333, 22.943656 ] }, { "date": "2025-06-13", "close": 22.0, "volume": 59720, "typical_volume": 83605.2, "trend": 23.46, "fair_value": 32.144231, "relative_strength": -6.679852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.154312, "energy": 39.167276, "activity_lines": [ 21.526667, 21.790909, 22.332381, 22.842151 ] }, { "date": "2025-06-20", "close": 23.0, "volume": 53182, "typical_volume": 80553.1, "trend": 23.413333, "fair_value": 31.939103, "relative_strength": -1.832977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.049989, "energy": 19.002484, "activity_lines": [ 22.033333, 21.989091, 22.334762, 22.812473 ] }, { "date": "2025-06-27", "close": 23.0, "volume": 167893, "typical_volume": 84820.4, "trend": 23.38, "fair_value": 31.740385, "relative_strength": -4.076261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.174081, "energy": 13.809159, "activity_lines": [ 22.466667, 22.165455, 22.348571, 22.785807 ] }, { "date": "2025-07-04", "close": 24.9, "volume": 380203, "typical_volume": 96326.55, "trend": 23.38, "fair_value": 31.560257, "relative_strength": 3.476301, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.677502, "energy": 21.187718, "activity_lines": [ 23.393333, 22.667273, 22.550476, 22.883871 ] }, { "date": "2025-07-11", "close": 23.9, "volume": 381200, "typical_volume": 107474.1, "trend": 23.31, "fair_value": 31.380128, "relative_strength": -1.806322, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.453238, "energy": 22.774221, "activity_lines": [ 23.74, 22.943636, 22.657619, 22.917419 ] }, { "date": "2025-07-18", "close": 24.5, "volume": 64206, "typical_volume": 109002.6, "trend": 23.33, "fair_value": 31.191026, "relative_strength": 0.669947, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.96514, "energy": 37.246004, "activity_lines": [ 24.12, 23.294546, 22.824286, 22.994194 ] }, { "date": "2025-07-25", "close": 24.4, "volume": 38026, "typical_volume": 108519.4, "trend": 23.336667, "fair_value": 31.020513, "relative_strength": -1.930461, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.724413, "energy": 42.040971, "activity_lines": [ 24.3, 23.609091, 22.984286, 23.063226 ] }, { "date": "2025-08-01", "close": 23.0, "volume": 31143, "typical_volume": 105459.3, "trend": 23.253333, "fair_value": 30.841026, "relative_strength": -4.708834, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.506595, "energy": 21.079155, "activity_lines": [ 23.92, 23.623636, 23.006191, 23.041505 ] }, { "date": "2025-08-08", "close": 23.4, "volume": 62385, "typical_volume": 104993.15, "trend": 23.24, "fair_value": 30.658975, "relative_strength": -5.504291, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.096022, "energy": 15.311815, "activity_lines": [ 23.673333, 23.672727, 23.065714, 23.050968 ] }, { "date": "2025-08-15", "close": 23.0, "volume": 37191, "typical_volume": 104623.45, "trend": 23.21, "fair_value": 30.466667, "relative_strength": -8.297226, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.953935, "energy": 5.033103, "activity_lines": [ 23.393333, 23.609091, 23.086191, 23.035484 ] }, { "date": "2025-08-22", "close": 22.700001, "volume": 76220, "typical_volume": 104995.65, "trend": 23.176667, "fair_value": 30.266026, "relative_strength": -10.961686, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.063359, "energy": 10.389264, "activity_lines": [ 23.073334, 23.461818, 23.080476, 23.002581 ] }, { "date": "2025-08-29", "close": 22.4, "volume": 35546, "typical_volume": 92217.4, "trend": 23.076667, "fair_value": 30.067308, "relative_strength": -9.701325, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.650768, "energy": 13.944723, "activity_lines": [ 22.773334, 23.247273, 23.047619, 22.952473 ] }, { "date": "2025-09-05", "close": 22.0, "volume": 45024, "typical_volume": 93438.35, "trend": 22.993333, "fair_value": 29.880128, "relative_strength": -11.037863, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.581003, "energy": 29.03047, "activity_lines": [ 22.473334, 22.970909, 22.97381, 22.883011 ] }, { "date": "2025-09-12", "close": 22.0, "volume": 52929, "typical_volume": 94983.65, "trend": 22.893333, "fair_value": 29.687821, "relative_strength": -10.991084, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.244766, "energy": 29.951212, "activity_lines": [ 22.24, 22.712727, 22.899524, 22.818925 ] }, { "date": "2025-09-19", "close": 21.200001, "volume": 13988, "typical_volume": 92842.15, "trend": 22.786667, "fair_value": 29.51218, "relative_strength": -14.174522, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.185541, "energy": 53.507298, "activity_lines": [ 21.833334, 22.361818, 22.751429, 22.709678 ] }, { "date": "2025-09-26", "close": 21.0, "volume": 24185, "typical_volume": 91648.25, "trend": 22.65, "fair_value": 29.339744, "relative_strength": -14.490388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.795698, "energy": 62.820415, "activity_lines": [ 21.48, 22.023637, 22.588095, 22.594409 ] }, { "date": "2025-10-03", "close": 21.1, "volume": 554159, "typical_volume": 116727.2, "trend": 22.573333, "fair_value": 29.169872, "relative_strength": -16.281521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.543112, "energy": 63.008395, "activity_lines": [ 21.273334, 21.767273, 22.446191, 22.494409 ] }, { "date": "2025-10-10", "close": 21.299999, "volume": 497445, "typical_volume": 136223.05, "trend": 22.52, "fair_value": 29.028205, "relative_strength": -14.333099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.942555, "energy": 61.964602, "activity_lines": [ 21.22, 21.607273, 22.327143, 22.412258 ] }, { "date": "2025-10-17", "close": 21.700001, "volume": 197197, "typical_volume": 142625.45, "trend": 22.47, "fair_value": 28.887821, "relative_strength": -12.097236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.098499, "energy": 46.550197, "activity_lines": [ 21.346667, 21.550909, 22.244286, 22.359355 ] }, { "date": "2025-10-24", "close": 24.0, "volume": 55452, "typical_volume": 141364.7, "trend": 22.486667, "fair_value": 28.782692, "relative_strength": -5.457495, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.346659, "energy": 9.139442, "activity_lines": [ 22.26, 21.943636, 22.378095, 22.458065 ] }, { "date": "2025-10-31", "close": 24.700001, "volume": 275393, "typical_volume": 152148.35, "trend": 22.543333, "fair_value": 28.685898, "relative_strength": -1.639819, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 30.865561, "energy": 29.635446, "activity_lines": [ 23.22, 22.445455, 22.566191, 22.60086 ] }, { "date": "2025-11-07", "close": 24.5, "volume": 93922, "typical_volume": 154185.35, "trend": 22.633333, "fair_value": 28.589744, "relative_strength": -0.923435, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 57.898681, "energy": 47.458793, "activity_lines": [ 23.866667, 22.874546, 22.722381, 22.727097 ] }, { "date": "2025-11-14", "close": 25.0, "volume": 345001, "typical_volume": 163040.75, "trend": 22.736667, "fair_value": 28.475, "relative_strength": 0.442752, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.003517, "energy": 70.669712, "activity_lines": [ 24.453334, 23.356364, 22.919048, 22.879785 ] }, { "date": "2025-11-21", "close": 25.4, "volume": 53095, "typical_volume": 146685.35, "trend": 22.833333, "fair_value": 28.357051, "relative_strength": 4.299526, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.309192, "energy": 79.292239, "activity_lines": [ 24.926667, 23.856364, 23.144286, 23.051613 ] }, { "date": "2025-11-28", "close": 27.700001, "volume": 1034866, "typical_volume": 179368.65, "trend": 23.023333, "fair_value": 28.257692, "relative_strength": 10.045066, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.925039, "energy": 88.390232, "activity_lines": [ 25.92, 24.712728, 23.586191, 23.365592 ] }, { "date": "2025-12-05", "close": 27.200001, "volume": 91770, "typical_volume": 180746.85, "trend": 23.146667, "fair_value": 28.150641, "relative_strength": 6.551221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.754963, "energy": 86.190123, "activity_lines": [ 26.500001, 25.36, 23.962381, 23.635054 ] }, { "date": "2025-12-12", "close": 26.700001, "volume": 135025, "typical_volume": 185596.8, "trend": 23.306667, "fair_value": 28.062821, "relative_strength": 4.95837, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.759149, "energy": 81.056886, "activity_lines": [ 26.746667, 25.803637, 24.278096, 23.864301 ] }, { "date": "2025-12-19", "close": 26.5, "volume": 169105, "typical_volume": 192494.9, "trend": 23.493334, "fair_value": 27.995513, "relative_strength": 3.502436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.917978, "energy": 73.248137, "activity_lines": [ 26.780001, 26.109091, 24.56381, 24.070323 ] }, { "date": "2025-12-26", "close": 27.1, "volume": 22329, "typical_volume": 190492.1, "trend": 23.69, "fair_value": 27.907051, "relative_strength": 5.601865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.354314, "energy": 56.739716, "activity_lines": [ 26.913334, 26.429091, 24.89, 24.303011 ] }, { "date": "2026-01-02", "close": 27.4, "volume": 26161, "typical_volume": 189940.6, "trend": 23.89, "fair_value": 27.85, "relative_strength": 5.726628, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.534011, "energy": 55.751309, "activity_lines": [ 27.033334, 26.705455, 25.227143, 24.542366 ] }, { "date": "2026-01-09", "close": 26.700001, "volume": 131852, "typical_volume": 192722.2, "trend": 24.046667, "fair_value": 27.787821, "relative_strength": -0.112624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.45149, "energy": 47.744083, "activity_lines": [ 26.94, 26.792728, 25.476667, 24.723656 ] }, { "date": "2026-01-16", "close": 26.5, "volume": 93439, "typical_volume": 195616.85, "trend": 24.163334, "fair_value": 27.724359, "relative_strength": -2.87908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.645951, "energy": 43.38336, "activity_lines": [ 26.813334, 26.807273, 25.688096, 24.881936 ] }, { "date": "2026-01-23", "close": 28.0, "volume": 501816, "typical_volume": 218456.45, "trend": 24.33, "fair_value": 27.670513, "relative_strength": 3.393641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.822152, "energy": 51.702971, "activity_lines": [ 27.2, 27.058182, 26.022857, 25.129463 ] }, { "date": "2026-01-30", "close": 28.9, "volume": 454659, "typical_volume": 238542.95, "trend": 24.463334, "fair_value": 27.63141, "relative_strength": 6.252192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.250713, "energy": 57.645671, "activity_lines": [ 27.786667, 27.418182, 26.414762, 25.424301 ] }, { "date": "2026-02-06", "close": 29.0, "volume": 522504, "typical_volume": 263968.75, "trend": 24.633334, "fair_value": 27.591026, "relative_strength": 3.409409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.466046, "energy": 72.457995, "activity_lines": [ 28.286667, 27.732727, 26.783334, 25.71699 ] }, { "date": "2026-02-13", "close": 28.700001, "volume": 141324, "typical_volume": 269825.7, "trend": 24.773334, "fair_value": 27.51859, "relative_strength": 2.362716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.956456, "energy": 75.6085, "activity_lines": [ 28.58, 27.969091, 27.086191, 25.979355 ] }, { "date": "2026-02-20", "close": 30.0, "volume": 185133, "typical_volume": 251374.4, "trend": 24.96, "fair_value": 27.460898, "relative_strength": 4.850434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.21924, "energy": 79.930775, "activity_lines": [ 29.173334, 28.414546, 27.476191, 26.316559 ] }, { "date": "2026-02-27", "close": 29.299999, "volume": 409802, "typical_volume": 246992.25, "trend": 25.17, "fair_value": 27.396154, "relative_strength": 1.08616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.195953, "energy": 67.968534, "activity_lines": [ 29.3, 28.672727, 27.757143, 26.596559 ] }, { "date": "2026-03-06", "close": 28.0, "volume": 109937, "typical_volume": 242629.25, "trend": 25.323334, "fair_value": 27.344231, "relative_strength": 2.316932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.635229, "energy": 49.185554, "activity_lines": [ 28.906667, 28.643636, 27.876191, 26.77914 ] }, { "date": "2026-03-13", "close": 25.4, "volume": 186705, "typical_volume": 249191.9, "trend": 25.403334, "fair_value": 27.264103, "relative_strength": -6.549664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.234645, "energy": 17.541191, "activity_lines": [ 27.706667, 28.125455, 27.717619, 26.784086 ] }, { "date": "2026-03-20", "close": 25.0, "volume": 1370310, "typical_volume": 303937.75, "trend": 25.48, "fair_value": 27.197436, "relative_strength": -3.05579, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.27664, "energy": 17.50481, "activity_lines": [ 26.613333, 27.570909, 27.514286, 26.758065 ] }, { "date": "2026-03-27", "close": 24.1, "volume": 72565, "typical_volume": 302869.9, "trend": 25.536667, "fair_value": 27.099359, "relative_strength": -6.35517, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.0015, "energy": 40.998215, "activity_lines": [ 25.466667, 26.883636, 27.22381, 26.669032 ] }, { "date": "2026-04-03", "close": 24.6, "volume": 70267, "typical_volume": 289133.2, "trend": 25.623334, "fair_value": 27.024359, "relative_strength": -7.343325, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.277108, "energy": 42.152094, "activity_lines": [ 24.88, 26.330909, 26.982857, 26.608602 ] }, { "date": "2026-04-10", "close": 25.5, "volume": 119345, "typical_volume": 292445.7, "trend": 25.74, "fair_value": 26.949359, "relative_strength": -8.136529, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.547857, "energy": 46.975873, "activity_lines": [ 24.906667, 26.003636, 26.829524, 26.600645 ] }, { "date": "2026-04-17", "close": 25.799999, "volume": 271100, "typical_volume": 254257.4, "trend": 25.893333, "fair_value": 26.878205, "relative_strength": -8.932145, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.899697, "energy": 39.677425, "activity_lines": [ 25.2, 25.792727, 26.704286, 26.604516 ] }, { "date": "2026-04-24", "close": 25.4, "volume": 38419, "typical_volume": 251589.85, "trend": 26.04, "fair_value": 26.803846, "relative_strength": -7.785654, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.795177, "energy": 24.698418, "activity_lines": [ 25.333333, 25.567273, 26.55, 26.572688 ] }, { "date": "2026-05-01", "close": 25.799999, "volume": 191104, "typical_volume": 254393.8, "trend": 26.196667, "fair_value": 26.739103, "relative_strength": -4.987555, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.199082, "energy": 13.692986, "activity_lines": [ 25.573333, 25.474545, 26.442381, 26.557204 ] }, { "date": "2026-05-08", "close": 25.799999, "volume": 181599, "typical_volume": 255018.5, "trend": 26.346667, "fair_value": 26.671154, "relative_strength": -5.148461, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.131792, "energy": 10.62097, "activity_lines": [ 25.699999, 25.458181, 26.339047, 26.531613 ] }, { "date": "2026-05-15", "close": 25.6, "volume": 34337, "typical_volume": 255618.9, "trend": 26.476667, "fair_value": 26.601282, "relative_strength": -4.692407, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.60153, "energy": 10.493606, "activity_lines": [ 25.679999, 25.46909, 26.22, 26.483441 ] }, { "date": "2026-05-22", "close": 25.6, "volume": 102259, "typical_volume": 259423.8, "trend": 26.53, "fair_value": 26.53718, "relative_strength": -7.956895, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.508661, "energy": 18.337489, "activity_lines": [ 25.653333, 25.523636, 26.108095, 26.426882 ] }, { "date": "2026-05-29", "close": 25.799999, "volume": 281927, "typical_volume": 266927.55, "trend": 26.566667, "fair_value": 26.514103, "relative_strength": -6.945117, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.756888, "energy": 17.832425, "activity_lines": [ 25.706666, 25.610909, 26.023809, 26.379785 ] }, { "date": "2026-06-05", "close": 25.200001, "volume": 4521, "typical_volume": 262481.65, "trend": 26.59, "fair_value": 26.484615, "relative_strength": -8.396677, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.264356, "energy": 26.641431, "activity_lines": [ 25.533333, 25.574545, 25.886666, 26.291613 ] }, { "date": "2026-06-12", "close": 25.4, "volume": 39242, "typical_volume": 239352.95, "trend": 26.603333, "fair_value": 26.45641, "relative_strength": -7.427105, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.829718, "energy": 27.372904, "activity_lines": [ 25.466667, 25.554545, 25.774762, 26.214839 ] }, { "date": "2026-06-19", "close": 25.4, "volume": 164849, "typical_volume": 224862.45, "trend": 26.603333, "fair_value": 26.43141, "relative_strength": -9.042707, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.40623, "energy": 30.061121, "activity_lines": [ 25.426667, 25.52, 25.675238, 26.137204 ] }, { "date": "2026-06-26", "close": 26.200001, "volume": 36775, "typical_volume": 200576.0, "trend": 26.553333, "fair_value": 26.407692, "relative_strength": -5.251166, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.574905, "energy": 19.771686, "activity_lines": [ 25.666667, 25.632727, 25.668571, 26.111183 ] }, { "date": "2026-07-03", "close": 28.700001, "volume": 57038, "typical_volume": 196361.7, "trend": 26.603333, "fair_value": 26.394231, "relative_strength": 1.039145, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 32.881522, "energy": 28.008053, "activity_lines": [ 26.700001, 26.192728, 25.913333, 26.249677 ] }, { "date": "2026-07-10", "close": 28.700001, "volume": 552616, "typical_volume": 214735.85, "trend": 26.67, "fair_value": 26.398077, "relative_strength": 3.322597, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.972394, "energy": 51.852015, "activity_lines": [ 27.540001, 26.692728, 26.158095, 26.384946 ] }, { "date": "2026-07-17", "close": 28.5, "volume": 139546, "typical_volume": 201223.05, "trend": 26.736667, "fair_value": 26.398718, "relative_strength": 3.736775, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.508509, "energy": 61.206055, "activity_lines": [ 28.080001, 27.103637, 26.39, 26.503011 ] }, { "date": "2026-07-24", "close": 28.9, "volume": 152689, "typical_volume": 203360.65, "trend": 26.796667, "fair_value": 26.394872, "relative_strength": 3.53594, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.579838, "energy": 69.601669, "activity_lines": [ 28.546667, 27.538182, 26.66381, 26.642581 ] }, { "date": "2026-07-31", "close": 29.299999, "volume": 109814, "typical_volume": 199516.1, "trend": 26.86, "fair_value": 26.363462, "relative_strength": 3.45215, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.75283, "energy": 68.764032, "activity_lines": [ 28.913333, 27.985455, 26.971429, 26.804086 ] }, { "date": "2026-08-07", "close": 28.200001, "volume": 68869, "typical_volume": 134444.05, "trend": 26.91, "fair_value": 26.308333, "relative_strength": -2.29568, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.939711, "energy": 50.955006, "activity_lines": [ 28.706667, 28.165455, 27.155714, 26.890538 ] } ], "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." } } }