{
  "ticker": {
    "uuid": "0fd61379-deef-4cc8-bf92-9ed6cc37d8a0",
    "symbol": "VOE",
    "name": "Voestalpine 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": 79.83,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 48.646,
    "architecture_energy": 32.775,
    "architecture_maturity": 15.273,
    "architecture_confidence": 65.537,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 39.68,
        "rotation_up": 59.1,
        "upward_expansion": 70.27,
        "deceleration": 49.88,
        "rotation_down": 14.45,
        "downward_expansion": 11.27
      },
      "activity_lines": [
        45.159999,
        44.409952,
        44.452309,
        43.93007
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 46.139999,
    "trend_reference": 43.286859,
    "distance_from_trend": 0.065912,
    "trend_direction": "Improving",
    "fair_value": 28.225727,
    "distance_from_fair_value": 0.634679,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.332309,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.080562,
    "excess_performance": -0.093685,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.065912,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.060952,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.634679,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.044876,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.023323,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.175704,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.080562,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.556153,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1576916,
      "relative_activity": 1.689123,
      "balance": 2.556153,
      "dry_up": 1.273335,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.059893,
      "annualized_volatility": 0.36436,
      "from_high_reference": -0.065992,
      "from_low_reference": 0.762414
    },
    "levels": {
      "trend_reference": 43.286859,
      "fair_value_reference": 28.225727,
      "structural_low": 35.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.025206,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.028958,
        "regime_survival": 0.555556,
        "best_return": 0.108342,
        "worst_return": -0.107023,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.178344,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.153635,
        "regime_survival": 0.2,
        "best_return": -0.042639,
        "worst_return": -0.226087,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.144147,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.169679,
        "regime_survival": 0.0,
        "best_return": -0.033622,
        "worst_return": -0.297993,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.186342,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.241526,
        "regime_survival": 0.333333,
        "best_return": 0.085683,
        "worst_return": -0.396798,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-07-28",
        "end": "2023-08-11",
        "tenure": "New",
        "return": -0.075585,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-08-18",
        "end": "2023-12-15",
        "tenure": "Established",
        "return": 0.03343,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-22",
        "end": "2024-01-26",
        "tenure": "Developing",
        "return": -0.040915,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-02",
        "end": "2024-02-23",
        "tenure": "New",
        "return": -0.079795,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-01",
        "end": "2024-04-05",
        "tenure": "Developing",
        "return": 0.048666,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-12",
        "end": "2024-07-26",
        "tenure": "Established",
        "return": -0.098282,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-02",
        "end": "2025-02-14",
        "tenure": "Extended",
        "return": -0.039321,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-21",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.199245,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.192,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.103738,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-16",
        "end": "2026-03-20",
        "tenure": "Extended",
        "return": 0.591127,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-27",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.183727,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.040447,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.065589,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 26.131237,
        "volume": 728633,
        "typical_volume": 1080482.1,
        "trend": 28.582581,
        "fair_value": 25.400569,
        "relative_strength": 4.698893,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.603539,
        "energy": 66.113148,
        "activity_lines": [
          26.84149,
          27.631528,
          28.020334,
          28.229571
        ]
      },
      {
        "date": "2023-08-25",
        "close": 25.352617,
        "volume": 632972,
        "typical_volume": 1055061.1,
        "trend": 28.494631,
        "fair_value": 25.450906,
        "relative_strength": 1.678663,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.620087,
        "energy": 76.449284,
        "activity_lines": [
          26.242649,
          27.108011,
          27.758442,
          28.021186
        ]
      },
      {
        "date": "2023-09-01",
        "close": 26.283163,
        "volume": 1071889,
        "typical_volume": 1054540.0,
        "trend": 28.429249,
        "fair_value": 25.502899,
        "relative_strength": 2.55878,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.388332,
        "energy": 71.742951,
        "activity_lines": [
          26.088191,
          26.834906,
          27.59265,
          27.87851
        ]
      },
      {
        "date": "2023-09-08",
        "close": 25.504543,
        "volume": 747248,
        "typical_volume": 1009703.75,
        "trend": 28.299893,
        "fair_value": 25.548662,
        "relative_strength": -0.05686,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.500515,
        "energy": 74.094397,
        "activity_lines": [
          25.814725,
          26.469722,
          27.364459,
          27.68982
        ]
      },
      {
        "date": "2023-09-15",
        "close": 25.599495,
        "volume": 1664279,
        "typical_volume": 1042802.5,
        "trend": 28.117574,
        "fair_value": 25.591857,
        "relative_strength": -1.376697,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.729385,
        "energy": 67.893275,
        "activity_lines": [
          25.71344,
          26.199603,
          27.15741,
          27.5156
        ]
      },
      {
        "date": "2023-09-22",
        "close": 24.801888,
        "volume": 776098,
        "typical_volume": 1039850.05,
        "trend": 27.919531,
        "fair_value": 25.634193,
        "relative_strength": -4.11956,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.727403,
        "energy": 65.546403,
        "activity_lines": [
          25.389333,
          25.83947,
          26.88777,
          27.301685
        ]
      },
      {
        "date": "2023-09-29",
        "close": 24.536016,
        "volume": 1068478,
        "typical_volume": 1034532.75,
        "trend": 27.64805,
        "fair_value": 25.670193,
        "relative_strength": -5.83391,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.569953,
        "energy": 69.107821,
        "activity_lines": [
          25.065224,
          25.51352,
          26.608599,
          27.083394
        ]
      },
      {
        "date": "2023-10-06",
        "close": 24.270145,
        "volume": 1068371,
        "typical_volume": 1047779.95,
        "trend": 27.417798,
        "fair_value": 25.69695,
        "relative_strength": -5.808939,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.938534,
        "energy": 71.54628,
        "activity_lines": [
          24.706932,
          25.190678,
          26.319526,
          26.865465
        ]
      },
      {
        "date": "2023-10-13",
        "close": 23.434555,
        "volume": 825783,
        "typical_volume": 1044471.05,
        "trend": 27.248411,
        "fair_value": 25.716572,
        "relative_strength": -10.085728,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.203663,
        "energy": 83.259359,
        "activity_lines": [
          24.204312,
          24.790837,
          25.968333,
          26.608481
        ]
      },
      {
        "date": "2023-10-20",
        "close": 22.067221,
        "volume": 947811,
        "typical_volume": 1008349.45,
        "trend": 27.073881,
        "fair_value": 25.722314,
        "relative_strength": -12.263951,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -89.213676,
        "energy": 92.821786,
        "activity_lines": [
          23.383912,
          24.218353,
          25.503787,
          26.274211
        ]
      },
      {
        "date": "2023-10-27",
        "close": 21.972269,
        "volume": 814897,
        "typical_volume": 983754.4,
        "trend": 26.862389,
        "fair_value": 25.734717,
        "relative_strength": -12.342913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.744292,
        "energy": 92.449047,
        "activity_lines": [
          22.767347,
          23.704568,
          25.055735,
          25.945075
        ]
      },
      {
        "date": "2023-11-03",
        "close": 23.244646,
        "volume": 838912,
        "typical_volume": 932681.25,
        "trend": 26.739781,
        "fair_value": 25.749084,
        "relative_strength": -12.160056,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.42126,
        "energy": 85.182213,
        "activity_lines": [
          22.763548,
          23.497741,
          24.764075,
          25.711672
        ]
      },
      {
        "date": "2023-11-10",
        "close": 23.529509,
        "volume": 1125938,
        "typical_volume": 951697.15,
        "trend": 26.565712,
        "fair_value": 25.761937,
        "relative_strength": -11.598865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.320426,
        "energy": 73.59152,
        "activity_lines": [
          22.940796,
          23.381035,
          24.530855,
          25.504558
        ]
      },
      {
        "date": "2023-11-17",
        "close": 24.87785,
        "volume": 995596,
        "typical_volume": 958797.4,
        "trend": 26.460126,
        "fair_value": 25.782626,
        "relative_strength": -8.625184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.600932,
        "energy": 43.386146,
        "activity_lines": [
          23.616866,
          23.559548,
          24.452123,
          25.395663
        ]
      },
      {
        "date": "2023-11-24",
        "close": 24.782896,
        "volume": 593644,
        "typical_volume": 942792.5,
        "trend": 26.339304,
        "fair_value": 25.796459,
        "relative_strength": -8.477676,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.791747,
        "energy": 26.026238,
        "activity_lines": [
          24.165065,
          23.732191,
          24.387708,
          25.287455
        ]
      },
      {
        "date": "2023-12-01",
        "close": 25.238672,
        "volume": 1141432,
        "typical_volume": 941817.5,
        "trend": 26.243331,
        "fair_value": 25.807451,
        "relative_strength": -8.615953,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.488061,
        "energy": 28.587464,
        "activity_lines": [
          24.684144,
          24.00255,
          24.384995,
          25.216446
        ]
      },
      {
        "date": "2023-12-08",
        "close": 25.238672,
        "volume": 678350,
        "typical_volume": 922223.55,
        "trend": 26.158825,
        "fair_value": 25.818766,
        "relative_strength": -8.801189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -17.975749,
        "energy": 27.551546,
        "activity_lines": [
          24.985463,
          24.264967,
          24.401815,
          25.15163
        ]
      },
      {
        "date": "2023-12-15",
        "close": 27.004812,
        "volume": 2083654,
        "typical_volume": 983777.0,
        "trend": 26.127758,
        "fair_value": 25.831762,
        "relative_strength": -4.056937,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 19.588196,
        "energy": 31.737308,
        "activity_lines": [
          25.74256,
          24.835725,
          24.596967,
          25.206209
        ]
      },
      {
        "date": "2023-12-22",
        "close": 27.384624,
        "volume": 805703,
        "typical_volume": 981939.8,
        "trend": 26.141339,
        "fair_value": 25.849294,
        "relative_strength": -3.932355,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.953471,
        "energy": 45.643856,
        "activity_lines": [
          26.394575,
          25.425818,
          24.834894,
          25.287297
        ]
      },
      {
        "date": "2023-12-29",
        "close": 27.118753,
        "volume": 401662,
        "typical_volume": 950567.5,
        "trend": 26.130969,
        "fair_value": 25.865336,
        "relative_strength": -5.77731,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.094479,
        "energy": 60.539587,
        "activity_lines": [
          26.790848,
          25.895752,
          25.048585,
          25.350356
        ]
      },
      {
        "date": "2024-01-05",
        "close": 26.112246,
        "volume": 710056,
        "typical_volume": 949638.65,
        "trend": 26.022472,
        "fair_value": 25.866472,
        "relative_strength": -9.168032,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.15376,
        "energy": 57.020576,
        "activity_lines": [
          26.695894,
          26.090838,
          25.162258,
          25.349149
        ]
      },
      {
        "date": "2024-01-12",
        "close": 25.352617,
        "volume": 671814,
        "typical_volume": 951580.75,
        "trend": 25.873567,
        "fair_value": 25.864192,
        "relative_strength": -10.909017,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.84342,
        "energy": 30.291859,
        "activity_lines": [
          26.289493,
          26.072538,
          25.203676,
          25.305932
        ]
      },
      {
        "date": "2024-01-19",
        "close": 25.485552,
        "volume": 915695,
        "typical_volume": 943771.05,
        "trend": 25.756251,
        "fair_value": 25.856894,
        "relative_strength": -8.917181,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 6.261838,
        "energy": 12.102242,
        "activity_lines": [
          25.919806,
          26.040081,
          25.257754,
          25.280899
        ]
      },
      {
        "date": "2024-01-26",
        "close": 26.264172,
        "volume": 742115,
        "typical_volume": 943514.4,
        "trend": 25.638937,
        "fair_value": 25.863042,
        "relative_strength": -9.008629,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 14.692315,
        "energy": 13.447308,
        "activity_lines": [
          25.910944,
          26.113627,
          25.389785,
          25.313668
        ]
      },
      {
        "date": "2024-02-02",
        "close": 25.941328,
        "volume": 729879,
        "typical_volume": 896794.4,
        "trend": 25.549488,
        "fair_value": 25.860928,
        "relative_strength": -9.570418,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 9.211445,
        "energy": 12.748347,
        "activity_lines": [
          25.869164,
          26.103268,
          25.487451,
          25.333177
        ]
      },
      {
        "date": "2024-02-09",
        "close": 24.573997,
        "volume": 1126309,
        "typical_volume": 914304.95,
        "trend": 25.390599,
        "fair_value": 25.851072,
        "relative_strength": -12.002987,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -12.415944,
        "energy": 14.5154,
        "activity_lines": [
          25.450102,
          25.823241,
          25.453268,
          25.270242
        ]
      },
      {
        "date": "2024-02-16",
        "close": 24.441063,
        "volume": 945854,
        "typical_volume": 908173.75,
        "trend": 25.293113,
        "fair_value": 25.834386,
        "relative_strength": -13.363024,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -18.637177,
        "energy": 18.441479,
        "activity_lines": [
          25.089279,
          25.53113,
          25.407509,
          25.208982
        ]
      },
      {
        "date": "2024-02-23",
        "close": 23.87134,
        "volume": 519277,
        "typical_volume": 880719.05,
        "trend": 25.142453,
        "fair_value": 25.810547,
        "relative_strength": -14.469335,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -38.74631,
        "energy": 34.286494,
        "activity_lines": [
          24.599318,
          25.149934,
          25.307944,
          25.117255
        ]
      },
      {
        "date": "2024-03-01",
        "close": 24.194181,
        "volume": 957291,
        "typical_volume": 887294.45,
        "trend": 25.028509,
        "fair_value": 25.780107,
        "relative_strength": -12.730381,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.516323,
        "energy": 39.861225,
        "activity_lines": [
          24.324585,
          24.884409,
          25.241024,
          25.056076
        ]
      },
      {
        "date": "2024-03-08",
        "close": 23.206667,
        "volume": 896552,
        "typical_volume": 884731.5,
        "trend": 24.927225,
        "fair_value": 25.739405,
        "relative_strength": -15.861634,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.977301,
        "energy": 58.756022,
        "activity_lines": [
          23.85868,
          24.497344,
          25.076438,
          24.938538
        ]
      },
      {
        "date": "2024-03-15",
        "close": 23.62446,
        "volume": 1532872,
        "typical_volume": 920630.25,
        "trend": 24.843666,
        "fair_value": 25.702889,
        "relative_strength": -14.698296,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.347787,
        "energy": 58.170973,
        "activity_lines": [
          23.71435,
          24.25737,
          24.946215,
          24.854488
        ]
      },
      {
        "date": "2024-03-22",
        "close": 24.611979,
        "volume": 672566,
        "typical_volume": 912312.95,
        "trend": 24.818978,
        "fair_value": 25.673297,
        "relative_strength": -12.989084,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.315704,
        "energy": 38.158055,
        "activity_lines": [
          23.962496,
          24.242177,
          24.902175,
          24.839541
        ]
      },
      {
        "date": "2024-03-29",
        "close": 24.687941,
        "volume": 594981,
        "typical_volume": 885765.1,
        "trend": 24.765804,
        "fair_value": 25.638859,
        "relative_strength": -13.238852,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.084458,
        "energy": 20.169223,
        "activity_lines": [
          24.224568,
          24.254262,
          24.858858,
          24.831087
        ]
      },
      {
        "date": "2024-04-05",
        "close": 25.371607,
        "volume": 694783,
        "typical_volume": 870724.45,
        "trend": 24.761372,
        "fair_value": 25.60708,
        "relative_strength": -11.328923,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 12.989646,
        "energy": 11.373732,
        "activity_lines": [
          24.660088,
          24.405152,
          24.875136,
          24.870171
        ]
      },
      {
        "date": "2024-04-12",
        "close": 25.618488,
        "volume": 738577,
        "typical_volume": 877971.1,
        "trend": 24.762006,
        "fair_value": 25.570206,
        "relative_strength": -9.819352,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.387015,
        "energy": 20.633965,
        "activity_lines": [
          25.099407,
          24.617158,
          24.912575,
          24.925469
        ]
      },
      {
        "date": "2024-04-19",
        "close": 23.738405,
        "volume": 1210801,
        "typical_volume": 881439.55,
        "trend": 24.726556,
        "fair_value": 25.524512,
        "relative_strength": -15.629257,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -13.99468,
        "energy": 13.216794,
        "activity_lines": [
          24.751244,
          24.4932,
          24.766979,
          24.85943
        ]
      },
      {
        "date": "2024-04-26",
        "close": 24.023266,
        "volume": 659521,
        "typical_volume": 880498.1,
        "trend": 24.709464,
        "fair_value": 25.48409,
        "relative_strength": -14.485931,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -11.571479,
        "energy": 8.316925,
        "activity_lines": [
          24.490438,
          24.436228,
          24.655657,
          24.814056
        ]
      },
      {
        "date": "2024-05-03",
        "close": 24.346107,
        "volume": 558131,
        "typical_volume": 804221.95,
        "trend": 24.711997,
        "fair_value": 25.434967,
        "relative_strength": -13.9567,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -16.934575,
        "energy": 12.949445,
        "activity_lines": [
          24.376493,
          24.445551,
          24.58087,
          24.790614
        ]
      },
      {
        "date": "2024-05-10",
        "close": 24.194181,
        "volume": 885551,
        "typical_volume": 808214.35,
        "trend": 24.737317,
        "fair_value": 25.391763,
        "relative_strength": -16.265349,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -21.88503,
        "energy": 22.073502,
        "activity_lines": [
          24.234695,
          24.418618,
          24.504274,
          24.757206
        ]
      },
      {
        "date": "2024-05-17",
        "close": 24.820877,
        "volume": 806461,
        "typical_volume": 828454.3,
        "trend": 24.829106,
        "fair_value": 25.357531,
        "relative_strength": -15.098583,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.631921,
        "energy": 20.748634,
        "activity_lines": [
          24.380291,
          24.50563,
          24.502556,
          24.762597
        ]
      },
      {
        "date": "2024-05-24",
        "close": 25.40959,
        "volume": 799155,
        "typical_volume": 832909.25,
        "trend": 24.943683,
        "fair_value": 25.321796,
        "relative_strength": -12.58623,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.781276,
        "energy": 6.834752,
        "activity_lines": [
          24.775299,
          24.670332,
          24.567848,
          24.800048
        ]
      },
      {
        "date": "2024-05-31",
        "close": 25.504543,
        "volume": 1713207,
        "typical_volume": 884978.9,
        "trend": 25.019013,
        "fair_value": 25.283437,
        "relative_strength": -10.456741,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.89061,
        "energy": 16.747593,
        "activity_lines": [
          25.090545,
          24.819841,
          24.645529,
          24.836232
        ]
      },
      {
        "date": "2024-06-07",
        "close": 24.801888,
        "volume": 1870940,
        "typical_volume": 932741.15,
        "trend": 25.061426,
        "fair_value": 25.246283,
        "relative_strength": -11.664626,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 8.705441,
        "energy": 14.967742,
        "activity_lines": [
          25.072821,
          24.825366,
          24.655567,
          24.822224
        ]
      },
      {
        "date": "2024-06-14",
        "close": 23.377583,
        "volume": 1162921,
        "typical_volume": 953781.45,
        "trend": 25.011417,
        "fair_value": 25.212709,
        "relative_strength": -13.212912,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.539027,
        "energy": 18.626604,
        "activity_lines": [
          24.549944,
          24.569854,
          24.533213,
          24.713589
        ]
      },
      {
        "date": "2024-06-21",
        "close": 23.795378,
        "volume": 1616684,
        "typical_volume": 998121.7,
        "trend": 24.9785,
        "fair_value": 25.18009,
        "relative_strength": -12.434506,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.721925,
        "energy": 33.41358,
        "activity_lines": [
          24.220771,
          24.426561,
          24.464394,
          24.635135
        ]
      },
      {
        "date": "2024-06-28",
        "close": 23.947304,
        "volume": 963242,
        "typical_volume": 989968.35,
        "trend": 24.935454,
        "fair_value": 25.14489,
        "relative_strength": -11.681874,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.024625,
        "energy": 37.435572,
        "activity_lines": [
          24.010607,
          24.344037,
          24.420263,
          24.568606
        ]
      },
      {
        "date": "2024-07-05",
        "close": 24.422071,
        "volume": 622577,
        "typical_volume": 973804.5,
        "trend": 24.908234,
        "fair_value": 25.109825,
        "relative_strength": -11.75011,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.797561,
        "energy": 35.93872,
        "activity_lines": [
          24.056184,
          24.344037,
          24.424332,
          24.535485
        ]
      },
      {
        "date": "2024-07-12",
        "close": 24.526146,
        "volume": 943119,
        "typical_volume": 994996.6,
        "trend": 24.825612,
        "fair_value": 25.077172,
        "relative_strength": -10.707153,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.984801,
        "energy": 28.003625,
        "activity_lines": [
          24.208618,
          24.355709,
          24.438404,
          24.510834
        ]
      },
      {
        "date": "2024-07-19",
        "close": 23.432623,
        "volume": 856602,
        "typical_volume": 989962.15,
        "trend": 24.693878,
        "fair_value": 25.031501,
        "relative_strength": -13.406133,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.439287,
        "energy": 32.188087,
        "activity_lines": [
          24.014927,
          24.165285,
          24.345213,
          24.420964
        ]
      },
      {
        "date": "2024-07-26",
        "close": 23.10066,
        "volume": 865978,
        "typical_volume": 988433.45,
        "trend": 24.559942,
        "fair_value": 24.976491,
        "relative_strength": -14.061511,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -64.252083,
        "energy": 40.844592,
        "activity_lines": [
          23.706912,
          23.92835,
          24.224032,
          24.318176
        ]
      },
      {
        "date": "2024-08-02",
        "close": 21.85092,
        "volume": 972611,
        "typical_volume": 960420.4,
        "trend": 24.417898,
        "fair_value": 24.904185,
        "relative_strength": -14.833491,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.908498,
        "energy": 69.564698,
        "activity_lines": [
          23.028631,
          23.495467,
          23.984334,
          24.1434
        ]
      },
      {
        "date": "2024-08-09",
        "close": 21.597069,
        "volume": 1488930,
        "typical_volume": 1001238.6,
        "trend": 24.292713,
        "fair_value": 24.822167,
        "relative_strength": -16.130957,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.739976,
        "energy": 78.494057,
        "activity_lines": [
          22.405493,
          23.081132,
          23.728904,
          23.961411
        ]
      },
      {
        "date": "2024-08-16",
        "close": 20.718344,
        "volume": 1092011,
        "typical_volume": 1026090.1,
        "trend": 24.133806,
        "fair_value": 24.747079,
        "relative_strength": -20.437401,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.065286,
        "energy": 86.091307,
        "activity_lines": [
          21.67778,
          22.578074,
          23.404143,
          23.730807
        ]
      },
      {
        "date": "2024-08-23",
        "close": 21.304159,
        "volume": 1040595,
        "typical_volume": 1043380.7,
        "trend": 23.968472,
        "fair_value": 24.672688,
        "relative_strength": -19.048906,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.814296,
        "energy": 82.821766,
        "activity_lines": [
          21.399192,
          22.255773,
          23.154077,
          23.548249
        ]
      },
      {
        "date": "2024-08-30",
        "close": 21.558014,
        "volume": 895724,
        "typical_volume": 1051238.05,
        "trend": 23.822362,
        "fair_value": 24.603857,
        "relative_strength": -18.417148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.068092,
        "energy": 78.949797,
        "activity_lines": [
          21.34712,
          22.017327,
          22.947557,
          23.392735
        ]
      },
      {
        "date": "2024-09-06",
        "close": 20.210638,
        "volume": 1225345,
        "typical_volume": 1051965.25,
        "trend": 23.676916,
        "fair_value": 24.534801,
        "relative_strength": -19.805176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.352209,
        "energy": 83.011228,
        "activity_lines": [
          20.948765,
          21.574583,
          22.63205,
          23.159721
        ]
      },
      {
        "date": "2024-09-13",
        "close": 20.152056,
        "volume": 1252285,
        "typical_volume": 1081603.45,
        "trend": 23.53395,
        "fair_value": 24.474546,
        "relative_strength": -19.976297,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.439375,
        "energy": 78.637685,
        "activity_lines": [
          20.640236,
          21.189127,
          22.327763,
          22.932311
        ]
      },
      {
        "date": "2024-09-20",
        "close": 20.679291,
        "volume": 2124175,
        "typical_volume": 1159905.65,
        "trend": 23.427548,
        "fair_value": 24.428814,
        "relative_strength": -17.688109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.006705,
        "energy": 61.110119,
        "activity_lines": [
          20.603785,
          20.977169,
          22.092124,
          22.748139
        ]
      },
      {
        "date": "2024-09-27",
        "close": 22.885862,
        "volume": 1419511,
        "typical_volume": 1186603.65,
        "trend": 23.383937,
        "fair_value": 24.403454,
        "relative_strength": -9.344402,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.989752,
        "energy": 38.519838,
        "activity_lines": [
          21.305462,
          21.236348,
          22.084095,
          22.713192
        ]
      },
      {
        "date": "2024-10-04",
        "close": 21.479904,
        "volume": 1382846,
        "typical_volume": 1215422.9,
        "trend": 23.326378,
        "fair_value": 24.370938,
        "relative_strength": -13.56451,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.253976,
        "energy": 29.343003,
        "activity_lines": [
          21.433039,
          21.249839,
          21.948395,
          22.590351
        ]
      },
      {
        "date": "2024-10-11",
        "close": 20.152056,
        "volume": 1672422,
        "typical_volume": 1259086.25,
        "trend": 23.210632,
        "fair_value": 24.32128,
        "relative_strength": -18.606797,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.447203,
        "energy": 32.85907,
        "activity_lines": [
          21.123208,
          21.051372,
          21.702143,
          22.385556
        ]
      },
      {
        "date": "2024-10-18",
        "close": 19.800568,
        "volume": 2778979,
        "typical_volume": 1312374.85,
        "trend": 23.050251,
        "fair_value": 24.275597,
        "relative_strength": -19.897886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.573831,
        "energy": 39.229157,
        "activity_lines": [
          20.700119,
          20.819886,
          21.447452,
          22.165552
        ]
      },
      {
        "date": "2024-10-25",
        "close": 19.64435,
        "volume": 1563753,
        "typical_volume": 1297015.5,
        "trend": 22.882132,
        "fair_value": 24.222138,
        "relative_strength": -19.138761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.934092,
        "energy": 50.58329,
        "activity_lines": [
          20.248391,
          20.592661,
          21.205045,
          21.945816
        ]
      },
      {
        "date": "2024-11-01",
        "close": 18.687517,
        "volume": 1524607,
        "typical_volume": 1315099.8,
        "trend": 22.659329,
        "fair_value": 24.16342,
        "relative_strength": -21.442524,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.35544,
        "energy": 75.761484,
        "activity_lines": [
          19.546714,
          20.210993,
          20.89607,
          21.675196
        ]
      },
      {
        "date": "2024-11-08",
        "close": 19.204988,
        "volume": 2012136,
        "typical_volume": 1334872.4,
        "trend": 22.445545,
        "fair_value": 24.110641,
        "relative_strength": -19.31213,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.466187,
        "energy": 75.783472,
        "activity_lines": [
          19.297417,
          19.970986,
          20.658712,
          21.452335
        ]
      },
      {
        "date": "2024-11-15",
        "close": 17.994303,
        "volume": 2499793,
        "typical_volume": 1411699.95,
        "trend": 22.254075,
        "fair_value": 24.060042,
        "relative_strength": -23.966663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.677519,
        "energy": 81.662623,
        "activity_lines": [
          18.796219,
          19.553637,
          20.32791,
          21.165158
        ]
      },
      {
        "date": "2024-11-22",
        "close": 17.847849,
        "volume": 1896956,
        "typical_volume": 1475418.9,
        "trend": 22.048228,
        "fair_value": 24.012438,
        "relative_strength": -23.523271,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.038809,
        "energy": 80.54395,
        "activity_lines": [
          18.390054,
          19.149957,
          20.011507,
          20.880885
        ]
      },
      {
        "date": "2024-11-29",
        "close": 17.886902,
        "volume": 10631701,
        "typical_volume": 1959848.0,
        "trend": 21.832921,
        "fair_value": 23.962134,
        "relative_strength": -22.925867,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.49978,
        "energy": 69.50528,
        "activity_lines": [
          18.127087,
          18.795272,
          19.73013,
          20.612413
        ]
      },
      {
        "date": "2024-12-06",
        "close": 18.355555,
        "volume": 2222907,
        "typical_volume": 2028163.25,
        "trend": 21.6383,
        "fair_value": 23.912977,
        "relative_strength": -21.315216,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.754902,
        "energy": 56.948359,
        "activity_lines": [
          18.137502,
          18.576568,
          19.525001,
          20.388067
        ]
      },
      {
        "date": "2024-12-13",
        "close": 18.375082,
        "volume": 1795915,
        "typical_volume": 2074660.1,
        "trend": 21.42344,
        "fair_value": 23.85761,
        "relative_strength": -21.93067,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.616085,
        "energy": 51.029064,
        "activity_lines": [
          18.176556,
          18.443783,
          19.345909,
          20.177536
        ]
      },
      {
        "date": "2024-12-20",
        "close": 17.564703,
        "volume": 2716873,
        "typical_volume": 2161873.2,
        "trend": 21.161944,
        "fair_value": 23.79519,
        "relative_strength": -23.444942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.447652,
        "energy": 51.669289,
        "activity_lines": [
          18.000811,
          18.220107,
          19.112141,
          19.928586
        ]
      },
      {
        "date": "2024-12-27",
        "close": 17.730684,
        "volume": 575903,
        "typical_volume": 2116221.85,
        "trend": 20.902816,
        "fair_value": 23.734052,
        "relative_strength": -22.894457,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.029251,
        "energy": 49.566769,
        "activity_lines": [
          17.909033,
          18.073653,
          18.91459,
          19.707214
        ]
      },
      {
        "date": "2025-01-03",
        "close": 17.301086,
        "volume": 1026768,
        "typical_volume": 2112959.7,
        "trend": 20.652789,
        "fair_value": 23.659783,
        "relative_strength": -24.523896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.112123,
        "energy": 53.482928,
        "activity_lines": [
          17.681866,
          17.886725,
          18.694538,
          19.474844
        ]
      },
      {
        "date": "2025-01-10",
        "close": 16.52,
        "volume": 1793391,
        "typical_volume": 2150599.5,
        "trend": 20.424203,
        "fair_value": 23.579851,
        "relative_strength": -27.290672,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.131685,
        "energy": 71.730604,
        "activity_lines": [
          17.233392,
          17.600385,
          18.416368,
          19.208213
        ]
      },
      {
        "date": "2025-01-17",
        "close": 17.730684,
        "volume": 1723381,
        "typical_volume": 2191982.35,
        "trend": 20.222046,
        "fair_value": 23.519915,
        "relative_strength": -23.935844,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.761784,
        "energy": 56.109273,
        "activity_lines": [
          17.31085,
          17.573579,
          18.276284,
          19.034437
        ]
      },
      {
        "date": "2025-01-24",
        "close": 18.277445,
        "volume": 1189728,
        "typical_volume": 2190201.5,
        "trend": 20.033051,
        "fair_value": 23.475392,
        "relative_strength": -22.21908,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.640966,
        "energy": 43.924059,
        "activity_lines": [
          17.613521,
          17.67299,
          18.206497,
          18.908979
        ]
      },
      {
        "date": "2025-01-31",
        "close": 19.761513,
        "volume": 1661993,
        "typical_volume": 2210686.9,
        "trend": 19.877699,
        "fair_value": 23.440055,
        "relative_strength": -15.677064,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -19.687683,
        "energy": 14.372073,
        "activity_lines": [
          18.363366,
          18.037084,
          18.287256,
          18.891461
        ]
      },
      {
        "date": "2025-02-07",
        "close": 20.523073,
        "volume": 2138723,
        "typical_volume": 2211414.3,
        "trend": 19.744263,
        "fair_value": 23.397036,
        "relative_strength": -12.203661,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 11.739097,
        "energy": 23.742479,
        "activity_lines": [
          19.231675,
          18.504849,
          18.442404,
          18.933098
        ]
      },
      {
        "date": "2025-02-14",
        "close": 20.991726,
        "volume": 1954421,
        "typical_volume": 2238159.8,
        "trend": 19.6629,
        "fair_value": 23.363795,
        "relative_strength": -14.136798,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 37.497315,
        "energy": 43.099306,
        "activity_lines": [
          20.041402,
          19.009893,
          18.64293,
          19.013579
        ]
      },
      {
        "date": "2025-02-21",
        "close": 20.679291,
        "volume": 1655244,
        "typical_volume": 2251779.7,
        "trend": 19.582188,
        "fair_value": 23.337946,
        "relative_strength": -14.146738,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.960195,
        "energy": 50.77931,
        "activity_lines": [
          20.44887,
          19.410201,
          18.82272,
          19.079153
        ]
      },
      {
        "date": "2025-02-28",
        "close": 21.597069,
        "volume": 2050914,
        "typical_volume": 2270704.3,
        "trend": 19.573726,
        "fair_value": 23.32519,
        "relative_strength": -11.923617,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 39.71891,
        "energy": 65.439004,
        "activity_lines": [
          20.96569,
          19.935482,
          19.093729,
          19.209145
        ]
      },
      {
        "date": "2025-03-07",
        "close": 24.428511,
        "volume": 3046628,
        "typical_volume": 2284086.75,
        "trend": 19.668107,
        "fair_value": 23.3343,
        "relative_strength": -3.321602,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 65.41743,
        "energy": 80.171748,
        "activity_lines": [
          22.205015,
          20.902256,
          19.627519,
          19.522357
        ]
      },
      {
        "date": "2025-03-14",
        "close": 24.799526,
        "volume": 1705940,
        "typical_volume": 2291196.1,
        "trend": 19.804147,
        "fair_value": 23.341526,
        "relative_strength": -1.643806,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 88.097002,
        "energy": 91.987514,
        "activity_lines": [
          23.256879,
          21.814708,
          20.174606,
          19.853416
        ]
      },
      {
        "date": "2025-03-21",
        "close": 24.408983,
        "volume": 3000701,
        "typical_volume": 2365000.8,
        "trend": 19.907641,
        "fair_value": 23.345376,
        "relative_strength": -1.903783,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.454672,
        "energy": 89.720507,
        "activity_lines": [
          23.893465,
          22.519817,
          20.659949,
          20.150502
        ]
      },
      {
        "date": "2025-03-28",
        "close": 22.7687,
        "volume": 1246928,
        "typical_volume": 2326740.4,
        "trend": 19.947997,
        "fair_value": 23.343955,
        "relative_strength": -6.189074,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.891386,
        "energy": 79.414508,
        "activity_lines": [
          23.755473,
          22.783256,
          20.96183,
          20.335087
        ]
      },
      {
        "date": "2025-04-04",
        "close": 20.073946,
        "volume": 1578364,
        "typical_volume": 2280668.95,
        "trend": 19.943441,
        "fair_value": 23.338478,
        "relative_strength": -7.667936,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.217279,
        "energy": 43.477893,
        "activity_lines": [
          22.579936,
          22.46514,
          20.990098,
          20.343213
        ]
      },
      {
        "date": "2025-04-11",
        "close": 19.722458,
        "volume": 2415521,
        "typical_volume": 2306597.2,
        "trend": 19.929121,
        "fair_value": 23.326597,
        "relative_strength": -7.562432,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 28.955107,
        "energy": 18.285162,
        "activity_lines": [
          21.388778,
          22.050454,
          20.974988,
          20.328956
        ]
      },
      {
        "date": "2025-04-18",
        "close": 20.894089,
        "volume": 905858,
        "typical_volume": 1820305.05,
        "trend": 19.936281,
        "fair_value": 23.322882,
        "relative_strength": -6.63941,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.37474,
        "energy": 25.30639,
        "activity_lines": [
          20.9019,
          21.849501,
          21.062535,
          20.391212
        ]
      },
      {
        "date": "2025-04-25",
        "close": 22.143829,
        "volume": 987552,
        "typical_volume": 1758537.3,
        "trend": 19.911546,
        "fair_value": 23.327943,
        "relative_strength": -4.174649,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.788908,
        "energy": 25.541821,
        "activity_lines": [
          21.091964,
          21.869028,
          21.254784,
          20.533634
        ]
      },
      {
        "date": "2025-05-02",
        "close": 23.23735,
        "volume": 915846,
        "typical_volume": 1714533.85,
        "trend": 19.970128,
        "fair_value": 23.346131,
        "relative_strength": -0.485984,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.684635,
        "energy": 21.657921,
        "activity_lines": [
          21.797546,
          22.06643,
          21.53314,
          20.748202
        ]
      },
      {
        "date": "2025-05-09",
        "close": 23.061607,
        "volume": 907184,
        "typical_volume": 1624049.4,
        "trend": 20.067113,
        "fair_value": 23.359807,
        "relative_strength": -5.215358,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.021656,
        "energy": 34.4649,
        "activity_lines": [
          22.413304,
          22.185368,
          21.771604,
          20.947652
        ]
      },
      {
        "date": "2025-05-16",
        "close": 23.354515,
        "volume": 1095090,
        "typical_volume": 1650008.75,
        "trend": 20.185578,
        "fair_value": 23.364326,
        "relative_strength": -6.333279,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.32967,
        "energy": 49.01043,
        "activity_lines": [
          22.92752,
          22.330935,
          22.011788,
          21.159743
        ]
      },
      {
        "date": "2025-05-23",
        "close": 22.41721,
        "volume": 1091374,
        "typical_volume": 1653239.05,
        "trend": 20.278006,
        "fair_value": 23.355626,
        "relative_strength": -8.453075,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.141214,
        "energy": 43.722501,
        "activity_lines": [
          22.887164,
          22.325609,
          22.135925,
          21.303719
        ]
      },
      {
        "date": "2025-05-30",
        "close": 22.63201,
        "volume": 1114802,
        "typical_volume": 1619309.6,
        "trend": 20.40949,
        "fair_value": 23.34721,
        "relative_strength": -7.907461,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.17232,
        "energy": 36.747551,
        "activity_lines": [
          22.816867,
          22.402653,
          22.256157,
          21.45559
        ]
      },
      {
        "date": "2025-06-06",
        "close": 22.20241,
        "volume": 1908542,
        "typical_volume": 1628567.65,
        "trend": 20.509404,
        "fair_value": 23.340848,
        "relative_strength": -9.545772,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.027654,
        "energy": 27.522122,
        "activity_lines": [
          22.570824,
          22.433897,
          22.30637,
          21.571263
        ]
      },
      {
        "date": "2025-06-13",
        "close": 21.987612,
        "volume": 1046394,
        "typical_volume": 1621400.95,
        "trend": 20.642514,
        "fair_value": 23.348185,
        "relative_strength": -7.987157,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.009765,
        "energy": 16.867621,
        "activity_lines": [
          22.322178,
          22.436382,
          22.314832,
          21.666631
        ]
      },
      {
        "date": "2025-06-20",
        "close": 22.182882,
        "volume": 1648876,
        "typical_volume": 1620745.1,
        "trend": 20.787015,
        "fair_value": 23.375127,
        "relative_strength": -6.237227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 31.323796,
        "energy": 14.678242,
        "activity_lines": [
          22.210221,
          22.439577,
          22.324223,
          21.76601
        ]
      },
      {
        "date": "2025-06-27",
        "close": 23.45215,
        "volume": 1042161,
        "typical_volume": 1565917.0,
        "trend": 20.972523,
        "fair_value": 23.413701,
        "relative_strength": -2.304899,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.000034,
        "energy": 22.207423,
        "activity_lines": [
          22.599463,
          22.628813,
          22.442967,
          21.937954
        ]
      },
      {
        "date": "2025-07-04",
        "close": 22.905388,
        "volume": 1397147,
        "typical_volume": 1538053.3,
        "trend": 21.124184,
        "fair_value": 23.444947,
        "relative_strength": -3.365322,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.38571,
        "energy": 25.829019,
        "activity_lines": [
          22.737455,
          22.672128,
          22.49569,
          22.062655
        ]
      },
      {
        "date": "2025-07-11",
        "close": 25.5,
        "volume": 1950415,
        "typical_volume": 1552811.85,
        "trend": 21.361682,
        "fair_value": 23.495075,
        "relative_strength": 5.558126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.425551,
        "energy": 66.152641,
        "activity_lines": [
          23.722092,
          23.173344,
          22.786407,
          22.344965
        ]
      },
      {
        "date": "2025-07-18",
        "close": 24.5,
        "volume": 1170135,
        "typical_volume": 1508772.9,
        "trend": 21.592858,
        "fair_value": 23.530262,
        "relative_strength": 1.700601,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.823624,
        "energy": 66.848953,
        "activity_lines": [
          24.153556,
          23.451602,
          22.958929,
          22.547437
        ]
      },
      {
        "date": "2025-07-25",
        "close": 25.08,
        "volume": 1104535,
        "typical_volume": 1411668.25,
        "trend": 21.837835,
        "fair_value": 23.563945,
        "relative_strength": 2.357264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.962328,
        "energy": 72.657338,
        "activity_lines": [
          24.610862,
          23.809162,
          23.172867,
          22.772414
        ]
      },
      {
        "date": "2025-08-01",
        "close": 23.799999,
        "volume": 1028838,
        "typical_volume": 1377813.15,
        "trend": 22.054466,
        "fair_value": 23.588842,
        "relative_strength": 0.020106,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.335919,
        "energy": 64.983538,
        "activity_lines": [
          24.448359,
          23.902623,
          23.261797,
          22.899006
        ]
      },
      {
        "date": "2025-08-08",
        "close": 26.82,
        "volume": 2218926,
        "typical_volume": 1338724.4,
        "trend": 22.397799,
        "fair_value": 23.632286,
        "relative_strength": 6.562001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.481594,
        "energy": 65.813193,
        "activity_lines": [
          25.269333,
          24.520033,
          23.643105,
          23.206459
        ]
      },
      {
        "date": "2025-08-15",
        "close": 27.299999,
        "volume": 988345,
        "typical_volume": 1325795.25,
        "trend": 22.716776,
        "fair_value": 23.688091,
        "relative_strength": 5.693632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.478782,
        "energy": 73.921413,
        "activity_lines": [
          25.989333,
          25.14857,
          24.058647,
          23.52273
        ]
      },
      {
        "date": "2025-08-22",
        "close": 28.200001,
        "volume": 1631057,
        "typical_volume": 1328429.9,
        "trend": 23.047528,
        "fair_value": 23.753089,
        "relative_strength": 10.496034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.890373,
        "energy": 80.855303,
        "activity_lines": [
          26.889333,
          25.848061,
          24.538326,
          23.876487
        ]
      },
      {
        "date": "2025-08-29",
        "close": 28.299999,
        "volume": 1121421,
        "typical_volume": 1263724.9,
        "trend": 23.332144,
        "fair_value": 23.815769,
        "relative_strength": 14.874064,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.474022,
        "energy": 85.666028,
        "activity_lines": [
          27.576,
          26.45278,
          24.988833,
          24.215356
        ]
      },
      {
        "date": "2025-09-05",
        "close": 28.6,
        "volume": 946670,
        "typical_volume": 1265765.5,
        "trend": 23.601375,
        "fair_value": 23.879908,
        "relative_strength": 16.272929,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.150086,
        "energy": 85.571136,
        "activity_lines": [
          28.148,
          27.000825,
          25.427066,
          24.555217
        ]
      },
      {
        "date": "2025-09-12",
        "close": 28.9,
        "volume": 938520,
        "typical_volume": 1263313.9,
        "trend": 23.864984,
        "fair_value": 23.952237,
        "relative_strength": 15.958841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.602184,
        "energy": 83.750746,
        "activity_lines": [
          28.5,
          27.509818,
          25.857176,
          24.897064
        ]
      },
      {
        "date": "2025-09-19",
        "close": 29.780001,
        "volume": 1888914,
        "typical_volume": 1311967.3,
        "trend": 24.168341,
        "fair_value": 24.035488,
        "relative_strength": 19.680714,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.872687,
        "energy": 79.991482,
        "activity_lines": [
          29.006667,
          28.069818,
          26.338923,
          25.278678
        ]
      },
      {
        "date": "2025-09-26",
        "close": 30.0,
        "volume": 1294368,
        "typical_volume": 1331326.5,
        "trend": 24.448439,
        "fair_value": 24.126184,
        "relative_strength": 19.829823,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.652748,
        "energy": 76.452234,
        "activity_lines": [
          29.421334,
          28.592,
          26.810467,
          25.654914
        ]
      },
      {
        "date": "2025-10-03",
        "close": 32.939999,
        "volume": 2289183,
        "typical_volume": 1391031.15,
        "trend": 24.732155,
        "fair_value": 24.231374,
        "relative_strength": 28.29039,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.646725,
        "energy": 85.341363,
        "activity_lines": [
          30.696,
          29.548727,
          27.528971,
          26.202757
        ]
      },
      {
        "date": "2025-10-10",
        "close": 32.259998,
        "volume": 2164869,
        "typical_volume": 1444705.9,
        "trend": 24.980838,
        "fair_value": 24.327215,
        "relative_strength": 27.459703,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.475286,
        "energy": 87.4993,
        "activity_lines": [
          31.434666,
          30.238909,
          28.137068,
          26.688424
        ]
      },
      {
        "date": "2025-10-17",
        "close": 31.120001,
        "volume": 1654802,
        "typical_volume": 1471705.9,
        "trend": 25.204538,
        "fair_value": 24.404606,
        "relative_strength": 24.735923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.241565,
        "energy": 78.752639,
        "activity_lines": [
          31.549333,
          30.568,
          28.589723,
          27.084499
        ]
      },
      {
        "date": "2025-10-24",
        "close": 31.379999,
        "volume": 1008379,
        "typical_volume": 1426697.75,
        "trend": 25.491582,
        "fair_value": 24.478209,
        "relative_strength": 22.870504,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.522503,
        "energy": 67.58072,
        "activity_lines": [
          31.602666,
          30.866181,
          29.026721,
          27.482916
        ]
      },
      {
        "date": "2025-10-31",
        "close": 30.879999,
        "volume": 976456,
        "typical_volume": 1423200.85,
        "trend": 25.851783,
        "fair_value": 24.538625,
        "relative_strength": 16.881457,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.230672,
        "energy": 57.782897,
        "activity_lines": [
          31.382666,
          30.999272,
          29.372397,
          27.830556
        ]
      },
      {
        "date": "2025-11-07",
        "close": 32.34,
        "volume": 1367740,
        "typical_volume": 1409144.05,
        "trend": 26.272368,
        "fair_value": 24.598651,
        "relative_strength": 23.196898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.798921,
        "energy": 57.48304,
        "activity_lines": [
          31.590666,
          31.34909,
          29.814776,
          28.24915
        ]
      },
      {
        "date": "2025-11-14",
        "close": 34.439999,
        "volume": 2136833,
        "typical_volume": 1463877.65,
        "trend": 26.723899,
        "fair_value": 24.669934,
        "relative_strength": 27.610132,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.99568,
        "energy": 64.324291,
        "activity_lines": [
          32.538666,
          32.007272,
          30.408787,
          28.776094
        ]
      },
      {
        "date": "2025-11-21",
        "close": 34.279999,
        "volume": 1800267,
        "typical_volume": 1484033.65,
        "trend": 27.128438,
        "fair_value": 24.737986,
        "relative_strength": 27.789988,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.080977,
        "energy": 65.197501,
        "activity_lines": [
          33.287999,
          32.530181,
          30.935238,
          29.263585
        ]
      },
      {
        "date": "2025-11-28",
        "close": 37.16,
        "volume": 2344721,
        "typical_volume": 1503748.95,
        "trend": 27.592526,
        "fair_value": 24.824615,
        "relative_strength": 31.360262,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.652421,
        "energy": 86.592088,
        "activity_lines": [
          34.786666,
          33.478909,
          31.681809,
          29.910782
        ]
      },
      {
        "date": "2025-12-05",
        "close": 37.84,
        "volume": 1295138,
        "typical_volume": 1509999.1,
        "trend": 28.085139,
        "fair_value": 24.917345,
        "relative_strength": 30.831969,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.283809,
        "energy": 92.329578,
        "activity_lines": [
          36.126666,
          34.41709,
          32.437619,
          30.57191
        ]
      },
      {
        "date": "2025-12-12",
        "close": 38.84,
        "volume": 1545758,
        "typical_volume": 1532060.25,
        "trend": 28.601322,
        "fair_value": 25.027046,
        "relative_strength": 32.574989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.500046,
        "energy": 92.399104,
        "activity_lines": [
          37.336,
          35.394545,
          33.225142,
          31.265772
        ]
      },
      {
        "date": "2025-12-19",
        "close": 37.959999,
        "volume": 1639069,
        "typical_volume": 1562571.8,
        "trend": 29.119415,
        "fair_value": 25.125883,
        "relative_strength": 25.328763,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.797718,
        "energy": 85.758468,
        "activity_lines": [
          37.818666,
          36.104727,
          33.863333,
          31.869557
        ]
      },
      {
        "date": "2025-12-26",
        "close": 37.299999,
        "volume": 393518,
        "typical_volume": 1471301.4,
        "trend": 29.608348,
        "fair_value": 25.221186,
        "relative_strength": 21.950889,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.427792,
        "energy": 73.411632,
        "activity_lines": [
          37.846666,
          36.591272,
          34.371238,
          32.397337
        ]
      },
      {
        "date": "2026-01-02",
        "close": 38.400002,
        "volume": 651731,
        "typical_volume": 1454470.7,
        "trend": 30.148267,
        "fair_value": 25.309962,
        "relative_strength": 22.113377,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.78681,
        "energy": 66.560252,
        "activity_lines": [
          38.04,
          37.165454,
          34.934,
          32.96454
        ]
      },
      {
        "date": "2026-01-09",
        "close": 39.779999,
        "volume": 1503714,
        "typical_volume": 1448103.55,
        "trend": 30.741347,
        "fair_value": 25.398878,
        "relative_strength": 24.143197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.317028,
        "energy": 67.944975,
        "activity_lines": [
          38.610667,
          37.862909,
          35.575333,
          33.585942
        ]
      },
      {
        "date": "2026-01-16",
        "close": 38.759998,
        "volume": 1881412,
        "typical_volume": 1486103.1,
        "trend": 31.293918,
        "fair_value": 25.478935,
        "relative_strength": 18.555628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.144162,
        "energy": 61.719461,
        "activity_lines": [
          38.711999,
          38.21309,
          36.06438,
          34.103275
        ]
      },
      {
        "date": "2026-01-23",
        "close": 40.32,
        "volume": 1798792,
        "typical_volume": 1528709.2,
        "trend": 31.856179,
        "fair_value": 25.557967,
        "relative_strength": 21.240248,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.758411,
        "energy": 64.597768,
        "activity_lines": [
          39.338666,
          38.730181,
          36.65219,
          34.685603
        ]
      },
      {
        "date": "2026-01-30",
        "close": 40.0,
        "volume": 1479331,
        "typical_volume": 1555749.75,
        "trend": 32.426,
        "fair_value": 25.633322,
        "relative_strength": 17.678578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.482907,
        "energy": 60.796914,
        "activity_lines": [
          39.701333,
          39.082181,
          37.153714,
          35.21101
        ]
      },
      {
        "date": "2026-02-06",
        "close": 42.700001,
        "volume": 2016952,
        "typical_volume": 1562151.65,
        "trend": 32.999333,
        "fair_value": 25.718673,
        "relative_strength": 23.398438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.368611,
        "energy": 68.108222,
        "activity_lines": [
          40.784,
          39.821091,
          37.859524,
          35.873849
        ]
      },
      {
        "date": "2026-02-13",
        "close": 44.82,
        "volume": 2430131,
        "typical_volume": 1618939.8,
        "trend": 33.676666,
        "fair_value": 25.80682,
        "relative_strength": 29.361211,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.801873,
        "energy": 80.122633,
        "activity_lines": [
          42.286667,
          40.844727,
          38.705714,
          36.636473
        ]
      },
      {
        "date": "2026-02-20",
        "close": 47.98,
        "volume": 2504732,
        "typical_volume": 1629717.25,
        "trend": 34.44,
        "fair_value": 25.917312,
        "relative_strength": 32.766655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.524473,
        "energy": 92.621653,
        "activity_lines": [
          44.506667,
          42.316,
          39.782286,
          37.559269
        ]
      },
      {
        "date": "2026-02-27",
        "close": 48.540001,
        "volume": 2123438,
        "typical_volume": 1627645.7,
        "trend": 35.264666,
        "fair_value": 26.018976,
        "relative_strength": 35.423312,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.062778,
        "energy": 94.923985,
        "activity_lines": [
          46.298667,
          43.722909,
          40.840571,
          38.468946
        ]
      },
      {
        "date": "2026-03-06",
        "close": 42.400002,
        "volume": 3045712,
        "typical_volume": 1697191.2,
        "trend": 35.784,
        "fair_value": 26.090914,
        "relative_strength": 24.001022,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.238675,
        "energy": 74.029249,
        "activity_lines": [
          45.496001,
          43.821091,
          41.236572,
          38.92929
        ]
      },
      {
        "date": "2026-03-13",
        "close": 39.52,
        "volume": 2083696,
        "typical_volume": 1750957.05,
        "trend": 36.191333,
        "fair_value": 26.161451,
        "relative_strength": 18.041702,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.965091,
        "energy": 51.81696,
        "activity_lines": [
          43.573334,
          43.30291,
          41.304572,
          39.170323
        ]
      },
      {
        "date": "2026-03-20",
        "close": 37.16,
        "volume": 2492184,
        "typical_volume": 1826743.45,
        "trend": 36.49,
        "fair_value": 26.224636,
        "relative_strength": 11.96921,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.586855,
        "energy": 17.3065,
        "activity_lines": [
          41.076001,
          42.335273,
          41.109048,
          39.232817
        ]
      },
      {
        "date": "2026-03-27",
        "close": 38.099998,
        "volume": 1522370,
        "typical_volume": 1834474.95,
        "trend": 36.816666,
        "fair_value": 26.287348,
        "relative_strength": 12.545384,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.26625,
        "energy": 25.232628,
        "activity_lines": [
          39.402666,
          41.586182,
          40.973143,
          39.336688
        ]
      },
      {
        "date": "2026-04-03",
        "close": 38.900002,
        "volume": 982738,
        "typical_volume": 1776770.2,
        "trend": 37.16,
        "fair_value": 26.364124,
        "relative_strength": 10.386913,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.717776,
        "energy": 28.337004,
        "activity_lines": [
          38.654667,
          40.994546,
          40.886,
          39.471097
        ]
      },
      {
        "date": "2026-04-10",
        "close": 43.119999,
        "volume": 1197132,
        "typical_volume": 1746613.45,
        "trend": 37.634,
        "fair_value": 26.456229,
        "relative_strength": 14.145668,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.035843,
        "energy": 24.673923,
        "activity_lines": [
          39.956,
          41.196,
          41.179524,
          39.855613
        ]
      },
      {
        "date": "2026-04-17",
        "close": 43.5,
        "volume": 1231820,
        "typical_volume": 1690968.4,
        "trend": 38.091333,
        "fair_value": 26.555297,
        "relative_strength": 11.717904,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.458872,
        "energy": 15.988659,
        "activity_lines": [
          41.336,
          41.409818,
          41.467143,
          40.234064
        ]
      },
      {
        "date": "2026-04-24",
        "close": 41.639999,
        "volume": 1006560,
        "typical_volume": 1676539.5,
        "trend": 38.479333,
        "fair_value": 26.64012,
        "relative_strength": 10.151623,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.21775,
        "energy": 22.361882,
        "activity_lines": [
          41.830666,
          41.270909,
          41.547429,
          40.463011
        ]
      },
      {
        "date": "2026-05-01",
        "close": 43.900002,
        "volume": 897423,
        "typical_volume": 1644122.75,
        "trend": 38.844667,
        "fair_value": 26.741288,
        "relative_strength": 14.661308,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 46.700124,
        "energy": 33.494747,
        "activity_lines": [
          42.78,
          41.600727,
          41.824857,
          40.812731
        ]
      },
      {
        "date": "2026-05-08",
        "close": 45.099998,
        "volume": 1048088,
        "typical_volume": 1614573.7,
        "trend": 39.272667,
        "fair_value": 26.852353,
        "relative_strength": 15.238094,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 61.453054,
        "energy": 51.333423,
        "activity_lines": [
          43.742666,
          42.222909,
          42.192476,
          41.216301
        ]
      },
      {
        "date": "2026-05-15",
        "close": 44.779999,
        "volume": 921692,
        "typical_volume": 1640982.4,
        "trend": 39.728,
        "fair_value": 26.960322,
        "relative_strength": 14.098534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.163545,
        "energy": 52.799845,
        "activity_lines": [
          44.185333,
          42.849454,
          42.495619,
          41.571613
        ]
      },
      {
        "date": "2026-05-22",
        "close": 46.02,
        "volume": 962025,
        "typical_volume": 1656497.1,
        "trend": 40.216,
        "fair_value": 27.082391,
        "relative_strength": 14.007061,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.685174,
        "energy": 61.074122,
        "activity_lines": [
          44.930666,
          43.658181,
          42.881238,
          41.977548
        ]
      },
      {
        "date": "2026-05-29",
        "close": 48.400002,
        "volume": 1248958,
        "typical_volume": 1643759.3,
        "trend": 40.8,
        "fair_value": 27.216815,
        "relative_strength": 15.753563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.093846,
        "energy": 68.626268,
        "activity_lines": [
          46.301334,
          44.781455,
          43.457238,
          42.505548
        ]
      },
      {
        "date": "2026-06-05",
        "close": 46.346577,
        "volume": 314659,
        "typical_volume": 1565421.65,
        "trend": 41.266886,
        "fair_value": 27.325658,
        "relative_strength": 11.195181,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.497229,
        "energy": 62.942077,
        "activity_lines": [
          46.536859,
          45.327014,
          43.796626,
          42.863392
        ]
      },
      {
        "date": "2026-06-12",
        "close": 45.757423,
        "volume": 233972,
        "typical_volume": 1487180.65,
        "trend": 41.644133,
        "fair_value": 27.427822,
        "relative_strength": 6.046685,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.013092,
        "energy": 59.623565,
        "activity_lines": [
          46.412895,
          45.615517,
          44.043778,
          43.153104
        ]
      },
      {
        "date": "2026-06-19",
        "close": 42.909863,
        "volume": 568643,
        "typical_volume": 1441646.25,
        "trend": 41.931795,
        "fair_value": 27.516956,
        "relative_strength": -5.034841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.563529,
        "energy": 33.624919,
        "activity_lines": [
          45.295916,
          45.261601,
          43.993841,
          43.234764
        ]
      },
      {
        "date": "2026-06-26",
        "close": 41.10313,
        "volume": 164031,
        "typical_volume": 1349000.2,
        "trend": 42.063233,
        "fair_value": 27.589517,
        "relative_strength": -7.593913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 12.866385,
        "energy": 13.704501,
        "activity_lines": [
          43.701368,
          44.583009,
          43.757978,
          43.181302
        ]
      },
      {
        "date": "2026-07-03",
        "close": 42.968773,
        "volume": 244021,
        "typical_volume": 1239694.7,
        "trend": 42.234192,
        "fair_value": 27.681465,
        "relative_strength": -6.093242,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 19.628712,
        "energy": 21.7283,
        "activity_lines": [
          43.056493,
          44.287204,
          43.707399,
          43.239724
        ]
      },
      {
        "date": "2026-07-10",
        "close": 43.299999,
        "volume": 1372293,
        "typical_volume": 1183072.75,
        "trend": 42.382859,
        "fair_value": 27.770948,
        "relative_strength": -4.447748,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.128082,
        "energy": 23.122199,
        "activity_lines": [
          42.884108,
          44.027463,
          43.697181,
          43.308486
        ]
      },
      {
        "date": "2026-07-17",
        "close": 44.799999,
        "volume": 1444882,
        "typical_volume": 1149144.95,
        "trend": 42.610859,
        "fair_value": 27.882707,
        "relative_strength": 0.290833,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.525511,
        "energy": 19.768346,
        "activity_lines": [
          43.414829,
          44.051358,
          43.852106,
          43.46443
        ]
      },
      {
        "date": "2026-07-24",
        "close": 44.68,
        "volume": 829855,
        "typical_volume": 1038352.1,
        "trend": 42.856859,
        "fair_value": 27.987123,
        "relative_strength": -1.774634,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.01548,
        "energy": 14.183985,
        "activity_lines": [
          43.969378,
          44.058889,
          44.013412,
          43.597923
        ]
      },
      {
        "date": "2026-07-31",
        "close": 44.939999,
        "volume": 903340,
        "typical_volume": 979334.3,
        "trend": 43.074859,
        "fair_value": 28.098197,
        "relative_strength": -1.668795,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 37.600014,
        "energy": 21.828724,
        "activity_lines": [
          44.492584,
          44.115512,
          44.188623,
          43.732319
        ]
      },
      {
        "date": "2026-08-07",
        "close": 46.139999,
        "volume": 1576916,
        "typical_volume": 933570.9,
        "trend": 43.286859,
        "fair_value": 28.225727,
        "relative_strength": -2.332309,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 48.645609,
        "energy": 32.774569,
        "activity_lines": [
          45.159999,
          44.409952,
          44.452309,
          43.93007
        ]
      }
    ],
    "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."
    }
  }
}