{ "ticker": { "uuid": "0e56bcdd-f655-4391-8b5b-8f39352a91b1", "symbol": "JEN", "name": "Jenoptik AG", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 13.841, "architecture_energy": 24.265, "architecture_maturity": 71.429, "architecture_confidence": 69.593, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 59.93, "rotation_up": 17.35, "upward_expansion": 47.09, "deceleration": 88.0, "rotation_down": 36.05, "downward_expansion": 25.09 }, "activity_lines": [ 38.992001, 40.827819, 40.846633, 38.276126 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 39.040001, "trend_reference": 34.537752, "distance_from_trend": 0.130357, "trend_direction": "Improving", "fair_value": 25.01623, "distance_from_fair_value": 0.560587, "fair_value_direction": "Improving", "relative_strength": 18.180749, "relative_strength_direction": "Weakening", "price_momentum": 0.487805, "excess_performance": 0.313558, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.130357, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.280057, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.560587, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.081633, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.181807, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.199715, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.487805, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.148571, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 7.148571, "dry_up": 0.184426, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.087736, "annualized_volatility": 0.441778, "from_high_reference": -0.158621, "from_low_reference": 1.418835 }, "levels": { "trend_reference": 34.537752, "fair_value_reference": 25.01623, "structural_low": 24.040001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.071651, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.054985, "regime_survival": 0.285714, "best_return": 0.119921, "worst_return": -0.03137, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.065041, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.053082, "regime_survival": 0.0, "best_return": 0.132506, "worst_return": -0.138284, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.13214, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.118793, "regime_survival": 0.0, "best_return": 0.135661, "worst_return": -0.205111, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.343326, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.080218, "regime_survival": 0.0, "best_return": -0.032046, "worst_return": -0.382484, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-09", "end": "2024-04-05", "tenure": "Developing", "return": -0.026148, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-12", "end": "2024-04-19", "tenure": "New", "return": -0.055296, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-26", "end": "2024-05-24", "tenure": "Developing", "return": 0.101415, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-10-11", "tenure": "Established", "return": 0.065149, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.099917, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-03-07", "tenure": "Established", "return": 0.021352, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.143102, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-06-13", "tenure": "Developing", "return": 0.228548, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-18", "tenure": "Developing", "return": 0.08111, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-10-17", "tenure": "Established", "return": 0.013549, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.082347, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.086758, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-07-17", "tenure": "Extended", "return": 0.741039, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.00611, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 24.75602, "volume": 0, "typical_volume": 12.55, "trend": 29.096576, "fair_value": 25.959957, "relative_strength": -5.561092, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.034985, "energy": 87.392119, "activity_lines": [ 26.641455, 27.7888, 28.536082, 28.799068 ] }, { "date": "2023-08-25", "close": 25.18218, "volume": 0, "typical_volume": 12.55, "trend": 29.010038, "fair_value": 25.984989, "relative_strength": -3.616038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.919478, "energy": 89.988849, "activity_lines": [ 25.938937, 27.144629, 28.207208, 28.546526 ] }, { "date": "2023-09-01", "close": 25.569597, "volume": 0, "typical_volume": 12.55, "trend": 28.896127, "fair_value": 26.01455, "relative_strength": -4.571108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.545869, "energy": 87.743884, "activity_lines": [ 25.595426, 26.690645, 27.926954, 28.324562 ] }, { "date": "2023-09-08", "close": 24.329861, "volume": 0, "typical_volume": 12.55, "trend": 28.756878, "fair_value": 26.037248, "relative_strength": -8.493628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.620348, "energy": 92.25281, "activity_lines": [ 25.02463, 26.091204, 27.542345, 28.029964 ] }, { "date": "2023-09-15", "close": 25.821421, "volume": 0, "typical_volume": 12.55, "trend": 28.595728, "fair_value": 26.071795, "relative_strength": -4.313867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.821382, "energy": 80.832608, "activity_lines": [ 25.217048, 25.876363, 27.316119, 27.84058 ] }, { "date": "2023-09-22", "close": 23.167606, "volume": 0, "typical_volume": 12.55, "trend": 28.335886, "fair_value": 26.095349, "relative_strength": -13.545863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.917064, "energy": 81.479313, "activity_lines": [ 24.562311, 25.243815, 26.846559, 27.490379 ] }, { "date": "2023-09-29", "close": 23.26446, "volume": 0, "typical_volume": 12.55, "trend": 28.053055, "fair_value": 26.10231, "relative_strength": -13.453071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.728862, "energy": 78.305707, "activity_lines": [ 24.045754, 24.737002, 26.407723, 27.16319 ] }, { "date": "2023-10-06", "close": 22.218431, "volume": 18, "typical_volume": 13.45, "trend": 27.764132, "fair_value": 26.101842, "relative_strength": -16.044971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.787767, "energy": 87.094771, "activity_lines": [ 23.308368, 24.13756, 25.890028, 26.786762 ] }, { "date": "2023-10-13", "close": 21.404854, "volume": 200, "typical_volume": 23.45, "trend": 27.493491, "fair_value": 26.087854, "relative_strength": -19.803785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.332425, "energy": 93.341989, "activity_lines": [ 22.5232, 23.501842, 25.327537, 26.376486 ] }, { "date": "2023-10-20", "close": 19.700212, "volume": 50, "typical_volume": 25.95, "trend": 27.114233, "fair_value": 26.0763, "relative_strength": -23.317285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.019187, "energy": 95.752472, "activity_lines": [ 21.36482, 22.681924, 24.641363, 25.873694 ] }, { "date": "2023-10-27", "close": 19.990776, "volume": 0, "typical_volume": 25.95, "trend": 26.778551, "fair_value": 26.081416, "relative_strength": -21.668446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.087805, "energy": 92.947085, "activity_lines": [ 20.711374, 22.036345, 24.032747, 25.414116 ] }, { "date": "2023-11-03", "close": 22.993267, "volume": 0, "typical_volume": 25.95, "trend": 26.623525, "fair_value": 26.089768, "relative_strength": -14.629467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.553283, "energy": 66.748038, "activity_lines": [ 21.270548, 22.023313, 23.756389, 25.169905 ] }, { "date": "2023-11-10", "close": 22.877043, "volume": 200, "typical_volume": 35.9, "trend": 26.437768, "fair_value": 26.0928, "relative_strength": -15.429004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.906296, "energy": 63.222148, "activity_lines": [ 21.809059, 22.028948, 23.510747, 24.928196 ] }, { "date": "2023-11-17", "close": 23.438801, "volume": 0, "typical_volume": 35.9, "trend": 26.293756, "fair_value": 26.087155, "relative_strength": -15.025737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.593771, "energy": 43.318716, "activity_lines": [ 22.490916, 22.185677, 23.352367, 24.734714 ] }, { "date": "2023-11-24", "close": 23.225719, "volume": 0, "typical_volume": 35.9, "trend": 26.141363, "fair_value": 26.082551, "relative_strength": -15.099483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.011123, "energy": 32.752408, "activity_lines": [ 22.966149, 22.319865, 23.207639, 24.536776 ] }, { "date": "2023-12-01", "close": 25.317776, "volume": 0, "typical_volume": 35.9, "trend": 26.062542, "fair_value": 26.093886, "relative_strength": -9.065667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.239148, "energy": 26.246779, "activity_lines": [ 23.903701, 22.881621, 23.291487, 24.483642 ] }, { "date": "2023-12-08", "close": 25.937647, "volume": 0, "typical_volume": 35.9, "trend": 26.006301, "fair_value": 26.112083, "relative_strength": -6.978896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.052802, "energy": 29.366966, "activity_lines": [ 24.692743, 23.516987, 23.452451, 24.475584 ] }, { "date": "2023-12-15", "close": 27.119272, "volume": 400, "typical_volume": 55.9, "trend": 25.940849, "fair_value": 26.135327, "relative_strength": -4.182285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 25.562056, "energy": 41.9004, "activity_lines": [ 25.679368, 24.318591, 23.738771, 24.547389 ] }, { "date": "2023-12-22", "close": 27.409834, "volume": 160, "typical_volume": 51.4, "trend": 25.870375, "fair_value": 26.160674, "relative_strength": -4.218873, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.847927, "energy": 65.270627, "activity_lines": [ 26.480031, 25.083917, 24.058668, 24.642162 ] }, { "date": "2023-12-29", "close": 27.564802, "volume": 0, "typical_volume": 51.4, "trend": 25.783324, "fair_value": 26.185811, "relative_strength": -4.484496, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.840356, "energy": 76.504362, "activity_lines": [ 27.067615, 25.768239, 24.397659, 24.75148 ] }, { "date": "2024-01-05", "close": 25.124069, "volume": 18, "typical_volume": 52.3, "trend": 25.630294, "fair_value": 26.19121, "relative_strength": -12.696529, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.609501, "energy": 62.756316, "activity_lines": [ 26.55235, 25.865798, 24.498572, 24.708947 ] }, { "date": "2024-01-12", "close": 25.666454, "volume": 218, "typical_volume": 63.2, "trend": 25.426899, "fair_value": 26.212845, "relative_strength": -9.842868, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.393768, "energy": 35.491117, "activity_lines": [ 26.230793, 25.96864, 24.649388, 24.71128 ] }, { "date": "2024-01-19", "close": 26.576887, "volume": 0, "typical_volume": 63.2, "trend": 25.313902, "fair_value": 26.230686, "relative_strength": -5.040969, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.79363, "energy": 33.057016, "activity_lines": [ 26.230793, 26.188412, 24.884607, 24.785473 ] }, { "date": "2024-01-26", "close": 29.01762, "volume": 358, "typical_volume": 81.1, "trend": 25.262247, "fair_value": 26.244912, "relative_strength": 0.306514, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.049188, "energy": 42.922987, "activity_lines": [ 27.08053, 26.784683, 25.347479, 25.024422 ] }, { "date": "2024-02-02", "close": 28.765799, "volume": 0, "typical_volume": 81.1, "trend": 25.241584, "fair_value": 26.250541, "relative_strength": -0.086706, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.238543, "energy": 75.108844, "activity_lines": [ 27.739141, 27.233736, 25.764046, 25.250458 ] }, { "date": "2024-02-09", "close": 27.409834, "volume": 0, "typical_volume": 81.1, "trend": 25.184763, "fair_value": 26.253859, "relative_strength": -2.450775, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.674112, "energy": 73.702876, "activity_lines": [ 27.865697, 27.335521, 26.037452, 25.390345 ] }, { "date": "2024-02-16", "close": 29.153217, "volume": 5, "typical_volume": 81.35, "trend": 25.202197, "fair_value": 26.271361, "relative_strength": 2.348641, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.00663, "energy": 82.689404, "activity_lines": [ 28.420996, 27.716248, 26.456694, 25.646374 ] }, { "date": "2024-02-23", "close": 28.978878, "volume": 40, "typical_volume": 82.45, "trend": 25.222859, "fair_value": 26.296655, "relative_strength": 2.488141, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.772635, "energy": 75.095769, "activity_lines": [ 28.685732, 28.006811, 26.831291, 25.890031 ] }, { "date": "2024-03-01", "close": 28.82391, "volume": 30, "typical_volume": 73.95, "trend": 25.239647, "fair_value": 26.328779, "relative_strength": 2.232042, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.868255, "energy": 57.410286, "activity_lines": [ 28.738679, 28.235388, 27.158936, 26.122357 ] }, { "date": "2024-03-08", "close": 28.649572, "volume": 20, "typical_volume": 72.45, "trend": 25.315194, "fair_value": 26.351721, "relative_strength": 1.728337, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.981531, "energy": 55.643523, "activity_lines": [ 28.746427, 28.406556, 27.434648, 26.342352 ] }, { "date": "2024-03-15", "close": 27.603544, "volume": 0, "typical_volume": 72.45, "trend": 25.410111, "fair_value": 26.359651, "relative_strength": -2.589198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.309853, "energy": 45.930243, "activity_lines": [ 28.413247, 28.367814, 27.568123, 26.489988 ] }, { "date": "2024-03-22", "close": 29.269442, "volume": 0, "typical_volume": 72.45, "trend": 25.546354, "fair_value": 26.393066, "relative_strength": 1.101536, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.428614, "energy": 47.893487, "activity_lines": [ 28.622453, 28.586881, 27.824003, 26.738977 ] }, { "date": "2024-03-29", "close": 28.281527, "volume": 0, "typical_volume": 62.45, "trend": 25.636751, "fair_value": 26.417982, "relative_strength": -3.007901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.519641, "energy": 34.302902, "activity_lines": [ 28.494606, 28.560819, 27.95591, 26.915439 ] }, { "date": "2024-04-05", "close": 26.693111, "volume": 40, "typical_volume": 64.45, "trend": 25.715526, "fair_value": 26.432235, "relative_strength": -8.998987, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.59838, "energy": 18.905513, "activity_lines": [ 27.883777, 28.21496, 27.910803, 26.983592 ] }, { "date": "2024-04-12", "close": 24.872246, "volume": 200, "typical_volume": 74.45, "trend": 25.683887, "fair_value": 26.439389, "relative_strength": -14.578738, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.872114, "energy": 18.968238, "activity_lines": [ 26.808046, 27.580299, 27.676784, 26.929186 ] }, { "date": "2024-04-19", "close": 23.496912, "volume": 0, "typical_volume": 74.45, "trend": 25.694864, "fair_value": 26.431468, "relative_strength": -18.534581, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -46.520387, "energy": 47.780073, "activity_lines": [ 25.525692, 26.766369, 27.303941, 26.788091 ] }, { "date": "2024-04-26", "close": 24.639795, "volume": 0, "typical_volume": 74.45, "trend": 25.740708, "fair_value": 26.435568, "relative_strength": -14.524195, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.872896, "energy": 64.573189, "activity_lines": [ 24.898074, 26.231379, 27.048614, 26.720022 ] }, { "date": "2024-05-03", "close": 24.233006, "volume": 0, "typical_volume": 54.45, "trend": 25.807861, "fair_value": 26.442116, "relative_strength": -16.567505, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.199312, "energy": 71.886962, "activity_lines": [ 24.443503, 25.704491, 26.760725, 26.622751 ] }, { "date": "2024-05-10", "close": 26.654371, "volume": 127, "typical_volume": 52.8, "trend": 25.982845, "fair_value": 26.475622, "relative_strength": -10.297929, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.398784, "energy": 59.054161, "activity_lines": [ 25.065956, 25.704139, 26.717187, 26.677365 ] }, { "date": "2024-05-17", "close": 26.88682, "volume": 0, "typical_volume": 52.8, "trend": 26.222398, "fair_value": 26.505802, "relative_strength": -10.625175, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.589615, "energy": 23.795002, "activity_lines": [ 25.768474, 25.785496, 26.699384, 26.735686 ] }, { "date": "2024-05-24", "close": 27.138643, "volume": 0, "typical_volume": 51.9, "trend": 26.460661, "fair_value": 26.535912, "relative_strength": -9.203549, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.643197, "energy": 12.175621, "activity_lines": [ 26.420628, 25.94469, 26.708793, 26.794798 ] }, { "date": "2024-05-31", "close": 26.518772, "volume": 0, "typical_volume": 41.0, "trend": 26.578177, "fair_value": 26.561687, "relative_strength": -9.333948, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.942821, "energy": 19.84094, "activity_lines": [ 26.623376, 25.999633, 26.649573, 26.798547 ] }, { "date": "2024-06-07", "close": 28.668945, "volume": 152, "typical_volume": 48.6, "trend": 26.771241, "fair_value": 26.597823, "relative_strength": -0.810946, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.694033, "energy": 32.989233, "activity_lines": [ 27.417584, 26.495528, 26.791073, 26.933436 ] }, { "date": "2024-06-14", "close": 26.44129, "volume": 0, "typical_volume": 30.7, "trend": 26.871324, "fair_value": 26.621017, "relative_strength": -4.72415, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.719865, "energy": 17.53937, "activity_lines": [ 27.17351, 26.579352, 26.710453, 26.912149 ] }, { "date": "2024-06-21", "close": 25.853333, "volume": 0, "typical_volume": 30.7, "trend": 26.958911, "fair_value": 26.64397, "relative_strength": -7.736044, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.718089, "energy": 18.877148, "activity_lines": [ 26.747656, 26.560852, 26.586106, 26.846472 ] }, { "date": "2024-06-28", "close": 26.736034, "volume": 0, "typical_volume": 30.7, "trend": 27.006186, "fair_value": 26.672215, "relative_strength": -4.521321, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.372339, "energy": 14.266194, "activity_lines": [ 26.684936, 26.685006, 26.559694, 26.832093 ] }, { "date": "2024-07-05", "close": 26.79488, "volume": 0, "typical_volume": 30.45, "trend": 27.034761, "fair_value": 26.700716, "relative_strength": -6.356217, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.08505, "energy": 16.883415, "activity_lines": [ 26.668671, 26.760966, 26.542095, 26.81846 ] }, { "date": "2024-07-12", "close": 28.167971, "volume": 0, "typical_volume": 28.45, "trend": 27.069717, "fair_value": 26.716494, "relative_strength": -1.100847, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.241462, "energy": 11.895695, "activity_lines": [ 27.091696, 27.047395, 26.666497, 26.89157 ] }, { "date": "2024-07-19", "close": 26.265261, "volume": 0, "typical_volume": 26.95, "trend": 27.031565, "fair_value": 26.706211, "relative_strength": -6.502774, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.758668, "energy": 16.288172, "activity_lines": [ 26.913882, 26.916332, 26.61355, 26.83967 ] }, { "date": "2024-07-26", "close": 25.696409, "volume": 0, "typical_volume": 25.95, "trend": 26.969285, "fair_value": 26.696781, "relative_strength": -8.104732, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.257877, "energy": 17.827248, "activity_lines": [ 26.558186, 26.688917, 26.51861, 26.753531 ] }, { "date": "2024-08-02", "close": 24.401779, "volume": 0, "typical_volume": 25.95, "trend": 26.945209, "fair_value": 26.670539, "relative_strength": -8.711466, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.272679, "energy": 48.5138, "activity_lines": [ 25.781409, 26.247758, 26.314435, 26.587885 ] }, { "date": "2024-08-09", "close": 26.932188, "volume": 275, "typical_volume": 39.7, "trend": 26.9874, "fair_value": 26.654072, "relative_strength": -0.009272, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.828905, "energy": 30.861134, "activity_lines": [ 26.003718, 26.316434, 26.366498, 26.587045 ] }, { "date": "2024-08-16", "close": 28.148355, "volume": 48, "typical_volume": 42.1, "trend": 27.039782, "fair_value": 26.659873, "relative_strength": 2.657886, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.843749, "energy": 4.925995, "activity_lines": [ 26.622263, 26.598715, 26.545516, 26.661945 ] }, { "date": "2024-08-23", "close": 27.834505, "volume": 0, "typical_volume": 40.1, "trend": 27.000345, "fair_value": 26.658919, "relative_strength": -0.054899, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.244291, "energy": 16.699745, "activity_lines": [ 27.137498, 26.833398, 26.695278, 26.713218 ] }, { "date": "2024-08-30", "close": 27.599119, "volume": 0, "typical_volume": 30.1, "trend": 26.961456, "fair_value": 26.6477, "relative_strength": -1.804207, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.085815, "energy": 26.250562, "activity_lines": [ 27.469656, 26.999952, 26.817187, 26.751848 ] }, { "date": "2024-09-06", "close": 25.73564, "volume": 0, "typical_volume": 30.1, "trend": 26.905649, "fair_value": 26.624415, "relative_strength": -4.500474, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.989926, "energy": 13.251516, "activity_lines": [ 27.053806, 26.79595, 26.748636, 26.672764 ] }, { "date": "2024-09-13", "close": 26.736034, "volume": 0, "typical_volume": 30.1, "trend": 26.825076, "fair_value": 26.607055, "relative_strength": -1.202118, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.19038, "energy": 13.81039, "activity_lines": [ 26.882497, 26.792027, 26.764701, 26.661821 ] }, { "date": "2024-09-20", "close": 26.284874, "volume": 0, "typical_volume": 30.1, "trend": 26.735276, "fair_value": 26.579872, "relative_strength": -3.194359, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.87469, "energy": 16.368685, "activity_lines": [ 26.573878, 26.707145, 26.727816, 26.626969 ] }, { "date": "2024-09-27", "close": 27.049883, "volume": 0, "typical_volume": 23.75, "trend": 26.676142, "fair_value": 26.578996, "relative_strength": -1.279112, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.827466, "energy": 7.908218, "activity_lines": [ 26.644494, 26.795593, 26.754018, 26.647266 ] }, { "date": "2024-10-04", "close": 26.834112, "volume": 0, "typical_volume": 23.75, "trend": 26.615627, "fair_value": 26.577953, "relative_strength": -1.098318, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.257855, "energy": 12.668894, "activity_lines": [ 26.695495, 26.830545, 26.757787, 26.657458 ] }, { "date": "2024-10-11", "close": 28.246433, "volume": 0, "typical_volume": 23.75, "trend": 26.637056, "fair_value": 26.573438, "relative_strength": 3.678697, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.135343, "energy": 36.934718, "activity_lines": [ 27.26827, 27.101597, 26.896314, 26.762671 ] }, { "date": "2024-10-18", "close": 23.55831, "volume": 300, "typical_volume": 38.75, "trend": 26.446685, "fair_value": 26.529628, "relative_strength": -13.831623, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -29.391085, "energy": 24.458737, "activity_lines": [ 26.110951, 26.450359, 26.583078, 26.564042 ] }, { "date": "2024-10-25", "close": 22.852148, "volume": 0, "typical_volume": 31.15, "trend": 26.265706, "fair_value": 26.47521, "relative_strength": -15.329459, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.828971, "energy": 58.581036, "activity_lines": [ 24.930092, 25.732072, 26.216685, 26.332137 ] }, { "date": "2024-11-01", "close": 21.204441, "volume": 0, "typical_volume": 31.15, "trend": 26.08275, "fair_value": 26.39965, "relative_strength": -19.973086, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.116938, "energy": 84.931256, "activity_lines": [ 23.428847, 24.810497, 25.721067, 26.005603 ] }, { "date": "2024-11-08", "close": 22.047911, "volume": 100, "typical_volume": 36.15, "trend": 25.988606, "fair_value": 26.333145, "relative_strength": -17.097546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.160674, "energy": 87.73948, "activity_lines": [ 22.598454, 24.162826, 25.330717, 25.745291 ] }, { "date": "2024-11-15", "close": 21.047516, "volume": 0, "typical_volume": 36.15, "trend": 25.906959, "fair_value": 26.262174, "relative_strength": -20.734005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.721094, "energy": 90.845263, "activity_lines": [ 21.753677, 23.434197, 24.863213, 25.426511 ] }, { "date": "2024-11-22", "close": 20.49828, "volume": 10, "typical_volume": 36.65, "trend": 25.768909, "fair_value": 26.180871, "relative_strength": -22.027009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.491844, "energy": 91.633785, "activity_lines": [ 21.205748, 22.690945, 24.370488, 25.077564 ] }, { "date": "2024-11-29", "close": 20.517895, "volume": 0, "typical_volume": 36.65, "trend": 25.645072, "fair_value": 26.099085, "relative_strength": -21.726953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.11832, "energy": 87.922955, "activity_lines": [ 20.86836, 22.064673, 23.909616, 24.738789 ] }, { "date": "2024-12-06", "close": 21.086746, "volume": 0, "typical_volume": 36.65, "trend": 25.459484, "fair_value": 26.014015, "relative_strength": -20.154783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.161247, "energy": 76.115637, "activity_lines": [ 20.876206, 21.646683, 23.539348, 24.444704 ] }, { "date": "2024-12-13", "close": 21.400597, "volume": 0, "typical_volume": 36.65, "trend": 25.27661, "fair_value": 25.936428, "relative_strength": -19.936088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.884756, "energy": 62.394715, "activity_lines": [ 20.996515, 21.394177, 23.223631, 24.18284 ] }, { "date": "2024-12-20", "close": 21.989063, "volume": 0, "typical_volume": 36.65, "trend": 25.104957, "fair_value": 25.854223, "relative_strength": -15.975958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.877736, "energy": 49.351311, "activity_lines": [ 21.356134, 21.347456, 22.984414, 23.97074 ] }, { "date": "2024-12-27", "close": 22.106758, "volume": 0, "typical_volume": 22.9, "trend": 24.95789, "fair_value": 25.76961, "relative_strength": -16.050209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.125578, "energy": 40.741553, "activity_lines": [ 21.692215, 21.435904, 22.767896, 23.777308 ] }, { "date": "2025-01-03", "close": 21.635983, "volume": 0, "typical_volume": 20.5, "trend": 24.723458, "fair_value": 25.69487, "relative_strength": -17.992357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.525939, "energy": 34.817141, "activity_lines": [ 21.764138, 21.465149, 22.52952, 23.562991 ] }, { "date": "2025-01-10", "close": 21.439829, "volume": 0, "typical_volume": 20.5, "trend": 24.556743, "fair_value": 25.628116, "relative_strength": -18.385538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.104362, "energy": 32.35021, "activity_lines": [ 21.696138, 21.480842, 22.303473, 23.351144 ] }, { "date": "2025-01-17", "close": 21.989063, "volume": 0, "typical_volume": 20.5, "trend": 24.427934, "fair_value": 25.571693, "relative_strength": -18.68776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.834193, "energy": 34.070705, "activity_lines": [ 21.787677, 21.592116, 22.160186, 23.185487 ] }, { "date": "2025-01-24", "close": 21.773293, "volume": 0, "typical_volume": 20.5, "trend": 24.262509, "fair_value": 25.521305, "relative_strength": -20.254265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.464759, "energy": 33.637299, "activity_lines": [ 21.768062, 21.665229, 22.023064, 23.01422 ] }, { "date": "2025-01-31", "close": 21.479057, "volume": 0, "typical_volume": 20.5, "trend": 24.085315, "fair_value": 25.464166, "relative_strength": -21.123587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.535451, "energy": 38.080647, "activity_lines": [ 21.664752, 21.671648, 21.876788, 22.834643 ] }, { "date": "2025-02-07", "close": 20.890591, "volume": 0, "typical_volume": 20.5, "trend": 23.842736, "fair_value": 25.39912, "relative_strength": -22.999393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.073063, "energy": 45.222584, "activity_lines": [ 21.407134, 21.553241, 21.6995, 22.628531 ] }, { "date": "2025-02-14", "close": 21.439829, "volume": 0, "typical_volume": 20.5, "trend": 23.681888, "fair_value": 25.346595, "relative_strength": -24.241884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.898993, "energy": 43.438792, "activity_lines": [ 21.382289, 21.527919, 21.600208, 22.473505 ] }, { "date": "2025-02-21", "close": 21.459442, "volume": 0, "typical_volume": 20.5, "trend": 23.540656, "fair_value": 25.300154, "relative_strength": -22.818208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.738669, "energy": 41.722425, "activity_lines": [ 21.36398, 21.499744, 21.529499, 22.330122 ] }, { "date": "2025-02-28", "close": 21.83214, "volume": 0, "typical_volume": 20.5, "trend": 23.455001, "fair_value": 25.265831, "relative_strength": -22.647083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.545776, "energy": 30.566226, "activity_lines": [ 21.505213, 21.538262, 21.519878, 22.219895 ] }, { "date": "2025-03-07", "close": 22.518682, "volume": 0, "typical_volume": 5.5, "trend": 23.307884, "fair_value": 25.230558, "relative_strength": -22.158347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.496377, "energy": 9.558307, "activity_lines": [ 21.87137, 21.704459, 21.606186, 22.159487 ] }, { "date": "2025-03-14", "close": 22.89138, "volume": 286, "typical_volume": 19.8, "trend": 23.132652, "fair_value": 25.182108, "relative_strength": -20.372131, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.483074, "energy": 12.934335, "activity_lines": [ 22.292451, 21.93093, 21.73294, 22.132616 ] }, { "date": "2025-03-21", "close": 22.832535, "volume": 0, "typical_volume": 19.8, "trend": 22.965919, "fair_value": 25.141429, "relative_strength": -19.164946, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.301553, "energy": 18.950416, "activity_lines": [ 22.560531, 22.123876, 21.853903, 22.113253 ] }, { "date": "2025-03-28", "close": 19.615578, "volume": 1, "typical_volume": 14.85, "trend": 22.699801, "fair_value": 25.108829, "relative_strength": -28.477203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.497279, "energy": 20.043388, "activity_lines": [ 21.663445, 21.706599, 21.660736, 21.897102 ] }, { "date": "2025-04-04", "close": 15.506115, "volume": 0, "typical_volume": 14.85, "trend": 22.358817, "fair_value": 25.060953, "relative_strength": -36.629735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.228566, "energy": 73.840586, "activity_lines": [ 19.519462, 20.585301, 21.087774, 21.432994 ] }, { "date": "2025-04-11", "close": 15.358998, "volume": 85, "typical_volume": 18.6, "trend": 21.979583, "fair_value": 25.011891, "relative_strength": -35.900842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.490182, "energy": 89.528977, "activity_lines": [ 17.748176, 19.551204, 20.527189, 20.981392 ] }, { "date": "2025-04-18", "close": 16.153429, "volume": 0, "typical_volume": 18.6, "trend": 21.641868, "fair_value": 24.958435, "relative_strength": -35.542299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.726521, "energy": 89.493239, "activity_lines": [ 16.719012, 18.772822, 20.066737, 20.605511 ] }, { "date": "2025-04-25", "close": 17.340172, "volume": 0, "typical_volume": 18.6, "trend": 21.318211, "fair_value": 24.905898, "relative_strength": -32.74492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.063953, "energy": 86.128859, "activity_lines": [ 16.534625, 18.296342, 19.740091, 20.327983 ] }, { "date": "2025-05-02", "close": 17.771715, "volume": 65, "typical_volume": 21.85, "trend": 21.016131, "fair_value": 24.865979, "relative_strength": -31.544236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.346618, "energy": 80.417448, "activity_lines": [ 16.860244, 17.972863, 19.472385, 20.099177 ] }, { "date": "2025-05-09", "close": 18.281719, "volume": 1363, "typical_volume": 90.0, "trend": 20.683974, "fair_value": 24.829206, "relative_strength": -32.073767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.436452, "energy": 50.097069, "activity_lines": [ 17.478788, 17.809162, 19.270531, 19.922763 ] }, { "date": "2025-05-16", "close": 18.919226, "volume": 425, "typical_volume": 111.25, "trend": 20.529338, "fair_value": 24.795791, "relative_strength": -31.105603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.774068, "energy": 31.207986, "activity_lines": [ 18.124795, 17.825925, 19.147047, 19.808908 ] }, { "date": "2025-05-23", "close": 18.262104, "volume": 0, "typical_volume": 111.25, "trend": 20.376336, "fair_value": 24.756947, "relative_strength": -32.022362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.139671, "energy": 24.156031, "activity_lines": [ 18.314412, 17.788655, 18.976158, 19.662635 ] }, { "date": "2025-05-30", "close": 18.899611, "volume": 52, "typical_volume": 113.85, "trend": 20.299509, "fair_value": 24.719879, "relative_strength": -29.692374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.529793, "energy": 23.046776, "activity_lines": [ 18.575953, 17.951465, 18.88205, 19.567362 ] }, { "date": "2025-06-06", "close": 18.978073, "volume": 0, "typical_volume": 113.85, "trend": 20.197181, "fair_value": 24.696935, "relative_strength": -28.949297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.151044, "energy": 21.957406, "activity_lines": [ 18.759686, 18.200048, 18.80751, 19.482108 ] }, { "date": "2025-06-13", "close": 19.049999, "volume": 0, "typical_volume": 113.85, "trend": 20.130597, "fair_value": 24.683656, "relative_strength": -26.409784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.036896, "energy": 18.703055, "activity_lines": [ 18.88697, 18.473299, 18.754159, 19.408097 ] }, { "date": "2025-06-20", "close": 18.74, "volume": 0, "typical_volume": 113.85, "trend": 20.071987, "fair_value": 24.669743, "relative_strength": -26.583398, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.246804, "energy": 17.520011, "activity_lines": [ 18.859703, 18.625753, 18.684253, 19.318381 ] }, { "date": "2025-06-27", "close": 19.790001, "volume": 0, "typical_volume": 113.85, "trend": 20.047724, "fair_value": 24.665757, "relative_strength": -23.213302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.699978, "energy": 11.609781, "activity_lines": [ 19.194384, 18.907643, 18.727389, 19.300188 ] }, { "date": "2025-07-04", "close": 19.360001, "volume": 0, "typical_volume": 113.85, "trend": 19.990166, "fair_value": 24.657663, "relative_strength": -23.582089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.266683, "energy": 14.406547, "activity_lines": [ 19.283872, 19.045232, 18.734814, 19.255819 ] }, { "date": "2025-07-11", "close": 19.860001, "volume": 0, "typical_volume": 113.85, "trend": 19.938813, "fair_value": 24.655233, "relative_strength": -22.51936, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.078511, "energy": 23.254947, "activity_lines": [ 19.509334, 19.237006, 18.799763, 19.247421 ] }, { "date": "2025-07-18", "close": 20.26, "volume": 0, "typical_volume": 113.85, "trend": 19.881177, "fair_value": 24.643562, "relative_strength": -20.292375, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.515979, "energy": 42.237344, "activity_lines": [ 19.809334, 19.463538, 18.910422, 19.268143 ] }, { "date": "2025-07-25", "close": 19.190001, "volume": 0, "typical_volume": 113.85, "trend": 19.783952, "fair_value": 24.621589, "relative_strength": -25.275935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.580906, "energy": 27.984605, "activity_lines": [ 19.672001, 19.459556, 18.926664, 19.223551 ] }, { "date": "2025-08-01", "close": 18.26, "volume": 0, "typical_volume": 99.55, "trend": 19.671419, "fair_value": 24.597097, "relative_strength": -26.296468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.801421, "energy": 15.82145, "activity_lines": [ 19.194667, 19.28156, 18.870184, 19.125231 ] }, { "date": "2025-08-08", "close": 19.030001, "volume": 0, "typical_volume": 99.55, "trend": 19.591092, "fair_value": 24.572499, "relative_strength": -26.582727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.167839, "energy": 14.611385, "activity_lines": [ 19.076001, 19.243602, 18.909093, 19.08385 ] }, { "date": "2025-08-15", "close": 17.92, "volume": 0, "typical_volume": 99.5, "trend": 19.455456, "fair_value": 24.545213, "relative_strength": -31.681118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.161264, "energy": 34.173741, "activity_lines": [ 18.609334, 19.001455, 18.860394, 18.976037 ] }, { "date": "2025-08-22", "close": 17.950001, "volume": 0, "typical_volume": 99.5, "trend": 19.328013, "fair_value": 24.52808, "relative_strength": -29.764497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.555682, "energy": 42.043605, "activity_lines": [ 18.282001, 18.784001, 18.822626, 18.878911 ] }, { "date": "2025-08-29", "close": 17.07, "volume": 260, "typical_volume": 108.25, "trend": 19.181045, "fair_value": 24.506659, "relative_strength": -29.782881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.250169, "energy": 68.394086, "activity_lines": [ 17.815334, 18.426546, 18.689412, 18.733233 ] }, { "date": "2025-09-05", "close": 16.35, "volume": 235, "typical_volume": 120.0, "trend": 19.029692, "fair_value": 24.471768, "relative_strength": -31.59323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.023729, "energy": 81.051097, "activity_lines": [ 17.25, 17.968546, 18.479478, 18.550585 ] }, { "date": "2025-09-12", "close": 16.209999, "volume": 450, "typical_volume": 142.5, "trend": 18.855364, "fair_value": 24.44508, "relative_strength": -31.923558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.199554, "energy": 84.493892, "activity_lines": [ 16.765333, 17.547636, 18.255275, 18.368669 ] }, { "date": "2025-09-19", "close": 17.129999, "volume": 200, "typical_volume": 149.25, "trend": 18.711049, "fair_value": 24.43007, "relative_strength": -26.779327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.816439, "energy": 77.670299, "activity_lines": [ 16.775333, 17.351273, 18.124073, 18.257355 ] }, { "date": "2025-09-26", "close": 17.280001, "volume": 345, "typical_volume": 98.35, "trend": 18.559311, "fair_value": 24.415528, "relative_strength": -25.493696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.408515, "energy": 69.021022, "activity_lines": [ 16.888, 17.231818, 18.010212, 18.165029 ] }, { "date": "2025-10-03", "close": 18.370001, "volume": 0, "typical_volume": 77.1, "trend": 18.421022, "fair_value": 24.405269, "relative_strength": -21.41779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.987058, "energy": 30.036188, "activity_lines": [ 17.408667, 17.364727, 18.004931, 18.152816 ] }, { "date": "2025-10-10", "close": 19.15, "volume": 1611, "typical_volume": 157.65, "trend": 18.296309, "fair_value": 24.406158, "relative_strength": -15.269597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.380077, "energy": 15.121459, "activity_lines": [ 18.102667, 17.654364, 18.076551, 18.199847 ] }, { "date": "2025-10-17", "close": 19.450001, "volume": 180, "typical_volume": 164.05, "trend": 18.183558, "fair_value": 24.402453, "relative_strength": -11.49231, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.549923, "energy": 31.46102, "activity_lines": [ 18.710001, 17.982364, 18.172515, 18.274278 ] }, { "date": "2025-10-24", "close": 20.280001, "volume": 0, "typical_volume": 164.05, "trend": 18.205706, "fair_value": 24.390787, "relative_strength": -8.710329, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 68.817209, "energy": 54.030108, "activity_lines": [ 19.378001, 18.453637, 18.344905, 18.409533 ] }, { "date": "2025-10-31", "close": 19.23, "volume": 321, "typical_volume": 180.1, "trend": 18.329835, "fair_value": 24.375342, "relative_strength": -15.304117, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 51.697729, "energy": 57.99448, "activity_lines": [ 19.486001, 18.691091, 18.411096, 18.475616 ] }, { "date": "2025-11-07", "close": 18.25, "volume": 436, "typical_volume": 201.9, "trend": 18.426202, "fair_value": 24.336029, "relative_strength": -17.914919, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.288087, "energy": 39.191146, "activity_lines": [ 19.137334, 18.727091, 18.383096, 18.470466 ] }, { "date": "2025-11-14", "close": 19.82, "volume": 0, "typical_volume": 201.9, "trend": 18.548421, "fair_value": 24.29436, "relative_strength": -12.011558, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.475833, "energy": 32.255241, "activity_lines": [ 19.32, 19.027091, 18.506953, 18.560388 ] }, { "date": "2025-11-21", "close": 18.610001, "volume": 436, "typical_volume": 223.7, "trend": 18.590749, "fair_value": 24.246165, "relative_strength": -15.605122, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.880032, "energy": 10.91854, "activity_lines": [ 19.054667, 19.044, 18.515429, 18.564361 ] }, { "date": "2025-11-28", "close": 19.709999, "volume": 872, "typical_volume": 267.3, "trend": 18.655358, "fair_value": 24.201208, "relative_strength": -13.882576, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.443423, "energy": 11.555084, "activity_lines": [ 19.212, 19.217273, 18.632238, 18.636571 ] }, { "date": "2025-12-05", "close": 19.370001, "volume": 135, "typical_volume": 274.05, "trend": 18.691634, "fair_value": 24.166615, "relative_strength": -15.833762, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.670624, "energy": 19.353926, "activity_lines": [ 19.294, 19.281818, 18.717381, 18.682677 ] }, { "date": "2025-12-12", "close": 18.870001, "volume": 0, "typical_volume": 274.05, "trend": 18.689993, "fair_value": 24.130662, "relative_strength": -17.590208, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.051349, "energy": 19.046857, "activity_lines": [ 19.200001, 19.217455, 18.759143, 18.694184 ] }, { "date": "2025-12-19", "close": 19.299999, "volume": 436, "typical_volume": 295.85, "trend": 18.72459, "fair_value": 24.095498, "relative_strength": -16.95998, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.62527, "energy": 22.601319, "activity_lines": [ 19.208, 19.222182, 18.843381, 18.73354 ] }, { "date": "2025-12-26", "close": 19.17, "volume": 0, "typical_volume": 295.85, "trend": 18.733603, "fair_value": 24.061345, "relative_strength": -16.840985, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.152411, "energy": 21.566601, "activity_lines": [ 19.207333, 19.200546, 18.910286, 18.762276 ] }, { "date": "2026-01-02", "close": 20.200001, "volume": 0, "typical_volume": 295.85, "trend": 18.774334, "fair_value": 24.024448, "relative_strength": -13.267598, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.267225, "energy": 35.540105, "activity_lines": [ 19.512667, 19.371273, 19.074619, 18.856882 ] }, { "date": "2026-01-09", "close": 21.42, "volume": 386, "typical_volume": 315.15, "trend": 18.853334, "fair_value": 23.987871, "relative_strength": -8.131483, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.235751, "energy": 66.907358, "activity_lines": [ 20.192, 19.765273, 19.344286, 19.02757 ] }, { "date": "2026-01-16", "close": 22.32, "volume": 690, "typical_volume": 336.65, "trend": 18.972667, "fair_value": 23.954234, "relative_strength": -4.708169, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.876536, "energy": 80.527269, "activity_lines": [ 21.034667, 20.283091, 19.683143, 19.251226 ] }, { "date": "2026-01-23", "close": 22.58, "volume": 1186, "typical_volume": 384.2, "trend": 19.065667, "fair_value": 23.920912, "relative_strength": -3.772136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.911126, "energy": 86.172438, "activity_lines": [ 21.734, 20.774182, 20.021762, 19.483957 ] }, { "date": "2026-01-30", "close": 26.5, "volume": 655, "typical_volume": 394.45, "trend": 19.303667, "fair_value": 23.90497, "relative_strength": 11.625297, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.403335, "energy": 97.259832, "activity_lines": [ 23.521333, 21.927818, 20.704048, 19.963592 ] }, { "date": "2026-02-06", "close": 26.24, "volume": 0, "typical_volume": 384.45, "trend": 19.516334, "fair_value": 23.890436, "relative_strength": 9.722594, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.898102, "energy": 95.916244, "activity_lines": [ 24.733333, 22.890727, 21.312572, 20.411097 ] }, { "date": "2026-02-13", "close": 27.68, "volume": 0, "typical_volume": 367.2, "trend": 19.763667, "fair_value": 23.871359, "relative_strength": 16.802026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.29713, "energy": 97.111373, "activity_lines": [ 26.022667, 23.996727, 22.014857, 20.937785 ] }, { "date": "2026-02-20", "close": 27.700001, "volume": 566, "typical_volume": 395.5, "trend": 20.047334, "fair_value": 23.850444, "relative_strength": 13.440257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.416746, "energy": 94.105959, "activity_lines": [ 26.901334, 24.955273, 22.669524, 21.449807 ] }, { "date": "2026-02-27", "close": 28.139999, "volume": 357, "typical_volume": 332.8, "trend": 20.376667, "fair_value": 23.827306, "relative_strength": 17.555674, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.932192, "energy": 92.798552, "activity_lines": [ 27.568, 25.833273, 23.321667, 21.971914 ] }, { "date": "2026-03-06", "close": 27.860001, "volume": 386, "typical_volume": 343.1, "trend": 20.671, "fair_value": 23.807908, "relative_strength": 22.857469, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.264565, "energy": 88.013704, "activity_lines": [ 27.770667, 26.499637, 23.904334, 22.45471 ] }, { "date": "2026-03-13", "close": 26.92, "volume": 356, "typical_volume": 360.9, "trend": 20.971, "fair_value": 23.791215, "relative_strength": 22.001234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.901377, "energy": 67.289847, "activity_lines": [ 27.569334, 26.837091, 24.357429, 22.857871 ] }, { "date": "2026-03-20", "close": 24.92, "volume": 0, "typical_volume": 344.85, "trend": 21.203333, "fair_value": 23.751741, "relative_strength": 14.717343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.024053, "energy": 57.798606, "activity_lines": [ 26.656, 26.688727, 24.588429, 23.112645 ] }, { "date": "2026-03-27", "close": 26.98, "volume": 1270, "typical_volume": 386.55, "trend": 21.533667, "fair_value": 23.73199, "relative_strength": 22.173663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.598398, "energy": 45.444194, "activity_lines": [ 26.613333, 26.851273, 24.988524, 23.485333 ] }, { "date": "2026-04-03", "close": 29.0, "volume": 772, "typical_volume": 425.15, "trend": 21.955333, "fair_value": 23.740682, "relative_strength": 26.139955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.531436, "energy": 50.151134, "activity_lines": [ 27.292, 27.296364, 25.539429, 23.967032 ] }, { "date": "2026-04-10", "close": 30.61455, "volume": 0, "typical_volume": 403.35, "trend": 22.435485, "fair_value": 23.754559, "relative_strength": 24.358437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.597519, "energy": 61.533173, "activity_lines": [ 28.451517, 27.918282, 26.200386, 24.525692 ] }, { "date": "2026-04-17", "close": 32.833855, "volume": 0, "typical_volume": 359.75, "trend": 22.958947, "fair_value": 23.787089, "relative_strength": 29.335016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.182538, "energy": 74.066256, "activity_lines": [ 30.167165, 28.8689, 27.015541, 25.196554 ] }, { "date": "2026-04-24", "close": 33.448128, "volume": 300, "typical_volume": 368.0, "trend": 23.497885, "fair_value": 23.823311, "relative_strength": 35.479057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.927834, "energy": 92.76121, "activity_lines": [ 31.693314, 29.811316, 27.826703, 25.873275 ] }, { "date": "2026-05-01", "close": 32.27903, "volume": 700, "typical_volume": 403.0, "trend": 23.961519, "fair_value": 23.852776, "relative_strength": 29.094324, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.620371, "energy": 88.345338, "activity_lines": [ 32.261222, 30.436294, 28.459485, 26.439801 ] }, { "date": "2026-05-08", "close": 35.350391, "volume": 0, "typical_volume": 381.2, "trend": 24.501532, "fair_value": 23.902299, "relative_strength": 38.152268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.432195, "energy": 94.381316, "activity_lines": [ 33.499648, 31.536445, 29.320924, 27.174567 ] }, { "date": "2026-05-15", "close": 43.930393, "volume": 2655, "typical_volume": 513.95, "trend": 25.317545, "fair_value": 23.997475, "relative_strength": 69.948166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.369693, "energy": 97.76078, "activity_lines": [ 37.174715, 34.065499, 30.923076, 28.428042 ] }, { "date": "2026-05-22", "close": 44.069099, "volume": 366, "typical_volume": 532.25, "trend": 26.110515, "fair_value": 24.090713, "relative_strength": 64.687701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.589776, "energy": 95.90795, "activity_lines": [ 40.008295, 36.327584, 32.420531, 29.637819 ] }, { "date": "2026-05-29", "close": 45.35709, "volume": 732, "typical_volume": 549.55, "trend": 26.981418, "fair_value": 24.188025, "relative_strength": 62.74748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.891448, "energy": 95.151611, "activity_lines": [ 42.522189, 38.512047, 33.92699, 30.879534 ] }, { "date": "2026-06-05", "close": 43.970024, "volume": 0, "typical_volume": 515.05, "trend": 27.838752, "fair_value": 24.279404, "relative_strength": 57.469775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.476858, "energy": 89.464725, "activity_lines": [ 43.779797, 40.072732, 35.187361, 31.975573 ] }, { "date": "2026-06-12", "close": 43.84, "volume": 195, "typical_volume": 465.5, "trend": 28.639419, "fair_value": 24.356787, "relative_strength": 50.961744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.49769, "energy": 87.013698, "activity_lines": [ 44.214664, 41.300867, 36.332254, 33.007912 ] }, { "date": "2026-06-19", "close": 46.400002, "volume": 0, "typical_volume": 432.75, "trend": 29.565752, "fair_value": 24.462128, "relative_strength": 51.447524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.795335, "energy": 81.617983, "activity_lines": [ 44.936891, 42.724639, 37.619718, 34.153756 ] }, { "date": "2026-06-26", "close": 46.200001, "volume": 0, "typical_volume": 432.75, "trend": 30.448752, "fair_value": 24.562337, "relative_strength": 51.951132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.26208, "energy": 74.778069, "activity_lines": [ 45.42781, 43.825039, 38.793373, 35.226933 ] }, { "date": "2026-07-03", "close": 44.360001, "volume": 0, "typical_volume": 432.75, "trend": 31.281752, "fair_value": 24.658327, "relative_strength": 41.012426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.418654, "energy": 66.41488, "activity_lines": [ 45.163336, 44.347873, 39.696741, 36.124433 ] }, { "date": "2026-07-10", "close": 41.240002, "volume": 60, "typical_volume": 407.45, "trend": 32.027419, "fair_value": 24.736055, "relative_strength": 31.712487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.150444, "energy": 58.468472, "activity_lines": [ 43.925335, 44.105036, 40.223539, 36.766901 ] }, { "date": "2026-07-17", "close": 38.860001, "volume": 220, "typical_volume": 400.6, "trend": 32.679419, "fair_value": 24.80163, "relative_strength": 25.655715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.583517, "energy": 41.866267, "activity_lines": [ 42.076001, 43.266546, 40.459193, 37.207713 ] }, { "date": "2026-07-24", "close": 39.279999, "volume": 0, "typical_volume": 381.3, "trend": 33.349752, "fair_value": 24.871637, "relative_strength": 24.294134, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.249141, "energy": 31.432944, "activity_lines": [ 40.698667, 42.440607, 40.6838, 37.633556 ] }, { "date": "2026-07-31", "close": 38.220001, "volume": 50, "typical_volume": 366.0, "trend": 33.950419, "fair_value": 24.935096, "relative_strength": 20.042769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.380203, "energy": 31.399789, "activity_lines": [ 39.442667, 41.506494, 40.753074, 37.947766 ] }, { "date": "2026-08-07", "close": 39.040001, "volume": 0, "typical_volume": 366.0, "trend": 34.537752, "fair_value": 25.01623, "relative_strength": 18.180749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.84079, "energy": 24.264722, "activity_lines": [ 38.992001, 40.827819, 40.846633, 38.276126 ] } ], "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." } } }