{ "ticker": { "uuid": "11bcaf65-6588-447d-904f-9a2fcc01b0e3", "symbol": "MUR", "name": "Murphy Oil Corporation", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": -13.485, "architecture_energy": 13.956, "architecture_maturity": 30.546, "architecture_confidence": 47.597, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 51.01, "rotation_up": 47.0, "upward_expansion": 33.5, "deceleration": 43.69, "rotation_down": 28.29, "downward_expansion": 24.5 }, "activity_lines": [ 36.671333, 36.006727, 36.633565, 36.711889 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 33.37, "trend_reference": 36.076342, "distance_from_trend": -0.075017, "trend_direction": "Improving", "fair_value": 32.625103, "distance_from_fair_value": 0.022832, "fair_value_direction": "Weakening", "relative_strength": -8.882999, "relative_strength_direction": "Weakening", "price_momentum": 0.059721, "excess_performance": -0.065904, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.075017, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.050582, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.022832, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.105155, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.08883, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.209399, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.059721, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.609701, "read": "Demand-led" } ], "volume": { "latest": 11862511, "relative_activity": 1.293021, "balance": 1.609701, "dry_up": 0.941624, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.115133, "annualized_volatility": 0.500341, "from_high_reference": -0.223378, "from_low_reference": 0.573772 }, "levels": { "trend_reference": 36.076342, "fair_value_reference": 32.625103, "structural_low": 30.030096, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.010909, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": -0.022528, "regime_survival": 0.333333, "best_return": 0.353142, "worst_return": -0.137387, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.050818, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.012702, "regime_survival": 0.0, "best_return": 0.328656, "worst_return": -0.179353, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.033339, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.030285, "regime_survival": 0.2, "best_return": 0.393846, "worst_return": -0.248686, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.186993, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.08359, "regime_survival": 0.333333, "best_return": 0.579138, "worst_return": -0.198772, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-03-22", "tenure": "Developing", "return": 0.180305, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-03-29", "end": "2024-04-26", "tenure": "Developing", "return": 0.016193, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.002039, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.110956, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-21", "end": "2024-07-19", "tenure": "Developing", "return": 0.054417, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-08-16", "tenure": "New", "return": -0.070293, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2025-06-20", "tenure": "Extended", "return": -0.327815, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-09-12", "tenure": "Developing", "return": 0.141946, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2026-01-30", "tenure": "Established", "return": 0.146255, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": 0.061962, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-06-12", "tenure": "Established", "return": 0.181784, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-07-03", "tenure": "New", "return": -0.070283, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": 0.154074, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.160292, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 40.681728, "volume": 7836227, "typical_volume": 8228986.25, "trend": 34.5509, "fair_value": 25.58168, "relative_strength": 4.703692, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.375222, "energy": 86.824279, "activity_lines": [ 39.394101, 37.743031, 35.791882, 34.953539 ] }, { "date": "2023-08-25", "close": 40.089798, "volume": 5292658, "typical_volume": 8199455.0, "trend": 34.585754, "fair_value": 25.76232, "relative_strength": 2.224738, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.584372, "energy": 83.470503, "activity_lines": [ 39.831811, 38.390777, 36.318829, 35.310887 ] }, { "date": "2023-09-01", "close": 41.677246, "volume": 5559710, "typical_volume": 8033088.6, "trend": 34.75609, "fair_value": 25.964898, "relative_strength": 3.54684, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.820629, "energy": 88.693027, "activity_lines": [ 40.584825, 39.228638, 36.967451, 35.768403 ] }, { "date": "2023-09-08", "close": 41.722089, "volume": 6284755, "typical_volume": 7936110.75, "trend": 34.878878, "fair_value": 26.179208, "relative_strength": 4.827511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.778387, "energy": 87.629379, "activity_lines": [ 41.099068, 39.923943, 37.586472, 36.217822 ] }, { "date": "2023-09-15", "close": 40.592041, "volume": 7864025, "typical_volume": 7971579.45, "trend": 35.067131, "fair_value": 26.384101, "relative_strength": 2.097347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.249703, "energy": 73.863283, "activity_lines": [ 41.049442, 40.275872, 38.055746, 36.586413 ] }, { "date": "2023-09-22", "close": 39.237777, "volume": 6608266, "typical_volume": 7701235.75, "trend": 35.211716, "fair_value": 26.589372, "relative_strength": 1.427162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.068372, "energy": 55.439835, "activity_lines": [ 40.47784, 40.266798, 38.357277, 36.855487 ] }, { "date": "2023-09-29", "close": 40.672759, "volume": 7748844, "typical_volume": 7685044.0, "trend": 35.342842, "fair_value": 26.804691, "relative_strength": 5.684715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.676711, "energy": 48.96965, "activity_lines": [ 40.48083, 40.439985, 38.754697, 37.207812 ] }, { "date": "2023-10-06", "close": 38.161541, "volume": 7008822, "typical_volume": 7677406.1, "trend": 35.534647, "fair_value": 27.003275, "relative_strength": -0.94047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.406071, "energy": 29.517996, "activity_lines": [ 39.607883, 40.087666, 38.860524, 37.389664 ] }, { "date": "2023-10-13", "close": 41.659309, "volume": 7606535, "typical_volume": 7610798.05, "trend": 35.937928, "fair_value": 27.225023, "relative_strength": 7.851406, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.775826, "energy": 34.958176, "activity_lines": [ 40.135239, 40.366032, 39.26664, 37.784803 ] }, { "date": "2023-10-20", "close": 42.278145, "volume": 6211274, "typical_volume": 7623013.25, "trend": 36.330601, "fair_value": 27.449838, "relative_strength": 12.424817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.056562, "energy": 45.825298, "activity_lines": [ 40.873059, 40.707003, 39.68802, 38.19385 ] }, { "date": "2023-10-27", "close": 40.636884, "volume": 6996174, "typical_volume": 7568077.7, "trend": 36.595489, "fair_value": 27.669429, "relative_strength": 11.056711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.571486, "energy": 37.910952, "activity_lines": [ 40.951385, 40.699665, 39.912496, 38.471674 ] }, { "date": "2023-11-03", "close": 41.183971, "volume": 9238479, "typical_volume": 7576337.6, "trend": 36.838538, "fair_value": 27.89613, "relative_strength": 6.700919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.087283, "energy": 42.983335, "activity_lines": [ 41.118799, 40.792612, 40.158591, 38.767706 ] }, { "date": "2023-11-10", "close": 38.757955, "volume": 10943776, "typical_volume": 7548466.55, "trend": 36.978325, "fair_value": 28.097558, "relative_strength": -0.380653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.166829, "energy": 29.392147, "activity_lines": [ 40.443461, 40.424572, 40.142625, 38.891539 ] }, { "date": "2023-11-17", "close": 39.425885, "volume": 7442388, "typical_volume": 7544013.8, "trend": 37.196658, "fair_value": 28.299076, "relative_strength": -0.54012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.121655, "energy": 16.119691, "activity_lines": [ 39.951005, 40.231052, 40.164702, 39.049446 ] }, { "date": "2023-11-24", "close": 38.830164, "volume": 4423698, "typical_volume": 7441642.35, "trend": 37.409278, "fair_value": 28.488123, "relative_strength": -2.584306, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.253446, "energy": 12.232039, "activity_lines": [ 39.40887, 39.970968, 40.104857, 39.154834 ] }, { "date": "2023-12-01", "close": 39.04679, "volume": 5976123, "typical_volume": 7351706.7, "trend": 37.688346, "fair_value": 28.671466, "relative_strength": -2.527807, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.188133, "energy": 13.966101, "activity_lines": [ 39.168809, 39.782304, 40.043974, 39.260479 ] }, { "date": "2023-12-08", "close": 37.313784, "volume": 7349126, "typical_volume": 7338993.55, "trend": 37.943387, "fair_value": 28.838379, "relative_strength": -6.832615, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.798753, "energy": 14.969484, "activity_lines": [ 38.457086, 39.282021, 39.798355, 39.236314 ] }, { "date": "2023-12-15", "close": 38.198339, "volume": 12044327, "typical_volume": 7450101.55, "trend": 38.174435, "fair_value": 29.017465, "relative_strength": -6.51235, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.123086, "energy": 13.952942, "activity_lines": [ 38.298228, 39.003639, 39.634924, 39.252763 ] }, { "date": "2023-12-22", "close": 39.407833, "volume": 7647013, "typical_volume": 7369021.5, "trend": 38.405096, "fair_value": 29.204734, "relative_strength": -4.039487, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.099671, "energy": 11.322472, "activity_lines": [ 38.579841, 38.944495, 39.585126, 39.332337 ] }, { "date": "2023-12-29", "close": 38.505225, "volume": 3925575, "typical_volume": 7200389.75, "trend": 38.563482, "fair_value": 29.38654, "relative_strength": -6.163388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.084532, "energy": 14.490949, "activity_lines": [ 38.561789, 38.762177, 39.447015, 39.338797 ] }, { "date": "2024-01-05", "close": 37.358914, "volume": 7329674, "typical_volume": 7175062.1, "trend": 38.667614, "fair_value": 29.550303, "relative_strength": -7.200899, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.271908, "energy": 20.229327, "activity_lines": [ 38.183295, 38.440037, 39.20463, 39.261083 ] }, { "date": "2024-01-12", "close": 35.273891, "volume": 9886721, "typical_volume": 7404765.25, "trend": 38.687688, "fair_value": 29.697477, "relative_strength": -13.592406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -47.172882, "energy": 44.137568, "activity_lines": [ 37.222319, 37.798402, 38.779493, 39.042133 ] }, { "date": "2024-01-19", "close": 34.08245, "volume": 9569302, "typical_volume": 7605244.85, "trend": 38.710829, "fair_value": 29.848674, "relative_strength": -17.054589, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.616408, "energy": 64.715248, "activity_lines": [ 36.000189, 37.047597, 38.263819, 38.745021 ] }, { "date": "2024-01-26", "close": 34.804536, "volume": 14031592, "typical_volume": 7992586.7, "trend": 38.733084, "fair_value": 30.005306, "relative_strength": -15.661697, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.393324, "energy": 76.119838, "activity_lines": [ 35.293147, 36.513089, 37.853081, 38.493002 ] }, { "date": "2024-02-02", "close": 34.136606, "volume": 12065392, "typical_volume": 8202655.05, "trend": 38.72832, "fair_value": 30.15411, "relative_strength": -18.050915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.342984, "energy": 79.950439, "activity_lines": [ 34.670348, 35.941164, 37.411671, 38.196455 ] }, { "date": "2024-02-09", "close": 34.199789, "volume": 7180243, "typical_volume": 8231253.9, "trend": 38.704569, "fair_value": 30.29593, "relative_strength": -18.530211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.769218, "energy": 79.405632, "activity_lines": [ 34.359851, 35.466065, 37.007019, 37.904291 ] }, { "date": "2024-02-16", "close": 35.64396, "volume": 7295986, "typical_volume": 8208611.0, "trend": 38.663297, "fair_value": 30.443376, "relative_strength": -14.493266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.168999, "energy": 62.605348, "activity_lines": [ 34.741353, 35.341669, 36.763897, 37.706833 ] }, { "date": "2024-02-23", "close": 35.825864, "volume": 6143237, "typical_volume": 8165331.75, "trend": 38.59511, "fair_value": 30.584507, "relative_strength": -15.099455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.303757, "energy": 44.496371, "activity_lines": [ 35.158818, 35.280707, 36.562046, 37.523773 ] }, { "date": "2024-03-01", "close": 36.789951, "volume": 8074136, "typical_volume": 8188711.8, "trend": 38.524299, "fair_value": 30.712519, "relative_strength": -13.252159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.127031, "energy": 28.599581, "activity_lines": [ 35.781418, 35.43817, 36.463135, 37.407311 ] }, { "date": "2024-03-08", "close": 37.399328, "volume": 12141806, "typical_volume": 8485238.4, "trend": 38.453152, "fair_value": 30.842649, "relative_strength": -11.36959, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.876399, "energy": 23.47341, "activity_lines": [ 36.474783, 35.754026, 36.445448, 37.334732 ] }, { "date": "2024-03-15", "close": 39.454835, "volume": 11431907, "typical_volume": 8707025.05, "trend": 38.412255, "fair_value": 30.995713, "relative_strength": -6.454969, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.321632, "energy": 18.532406, "activity_lines": [ 37.635802, 36.463718, 36.646755, 37.399357 ] }, { "date": "2024-03-22", "close": 40.291591, "volume": 8494801, "typical_volume": 8669841.15, "trend": 38.418982, "fair_value": 31.160212, "relative_strength": -6.537662, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 37.233103, "energy": 39.890237, "activity_lines": [ 38.725403, 37.28744, 36.933383, 37.520604 ] }, { "date": "2024-03-29", "close": 41.564914, "volume": 5540009, "typical_volume": 8399652.8, "trend": 38.415237, "fair_value": 31.332223, "relative_strength": -3.892192, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.293786, "energy": 63.036007, "activity_lines": [ 39.929603, 38.251444, 37.345528, 37.723568 ] }, { "date": "2024-04-05", "close": 44.539034, "volume": 7043754, "typical_volume": 8379721.1, "trend": 38.509135, "fair_value": 31.52872, "relative_strength": 3.861061, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.876482, "energy": 79.749516, "activity_lines": [ 41.742573, 39.620152, 38.027557, 38.118651 ] }, { "date": "2024-04-12", "close": 42.783667, "volume": 6377702, "typical_volume": 8477421.3, "trend": 38.58219, "fair_value": 31.711362, "relative_strength": 1.277989, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.063333, "energy": 78.425773, "activity_lines": [ 42.453815, 40.492712, 38.51806, 38.394427 ] }, { "date": "2024-04-19", "close": 41.828674, "volume": 5975557, "typical_volume": 8477393.0, "trend": 38.668553, "fair_value": 31.892544, "relative_strength": 2.070442, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.200154, "energy": 73.876819, "activity_lines": [ 42.487771, 41.034418, 38.898784, 38.603878 ] }, { "date": "2024-04-26", "close": 42.237957, "volume": 5797915, "typical_volume": 8399832.45, "trend": 38.720726, "fair_value": 32.071526, "relative_strength": 0.320693, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.316743, "energy": 76.712743, "activity_lines": [ 42.499898, 41.511832, 39.305241, 38.834162 ] }, { "date": "2024-05-03", "close": 40.155163, "volume": 8808294, "typical_volume": 8238030.8, "trend": 38.78718, "fair_value": 32.222195, "relative_strength": -5.259918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.212457, "energy": 46.241319, "activity_lines": [ 41.688002, 41.490665, 39.489888, 38.926707 ] }, { "date": "2024-05-10", "close": 40.23702, "volume": 6034579, "typical_volume": 8157409.1, "trend": 38.739771, "fair_value": 32.369566, "relative_strength": -6.896794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.467694, "energy": 30.176652, "activity_lines": [ 40.997376, 41.405666, 39.673013, 39.020245 ] }, { "date": "2024-05-17", "close": 39.454835, "volume": 5726022, "typical_volume": 8247431.45, "trend": 38.64566, "fair_value": 32.508215, "relative_strength": -10.165101, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.643115, "energy": 24.669437, "activity_lines": [ 40.332822, 41.115778, 39.777696, 39.066378 ] }, { "date": "2024-05-24", "close": 38.456559, "volume": 7620625, "typical_volume": 8261979.0, "trend": 38.572983, "fair_value": 32.636429, "relative_strength": -12.317733, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.965976, "energy": 24.403517, "activity_lines": [ 39.557432, 40.607013, 39.782783, 39.054178 ] }, { "date": "2024-05-31", "close": 39.189239, "volume": 6203453, "typical_volume": 8077815.6, "trend": 38.506492, "fair_value": 32.755703, "relative_strength": -10.177273, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.819616, "energy": 24.196773, "activity_lines": [ 39.251076, 40.249612, 39.852421, 39.093936 ] }, { "date": "2024-06-07", "close": 36.331786, "volume": 6243571, "typical_volume": 7911529.05, "trend": 38.425619, "fair_value": 32.859279, "relative_strength": -17.517438, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.517876, "energy": 33.71701, "activity_lines": [ 38.195484, 39.392718, 39.631277, 38.953633 ] }, { "date": "2024-06-14", "close": 35.077071, "volume": 7353995, "typical_volume": 7577649.2, "trend": 38.280659, "fair_value": 32.958357, "relative_strength": -21.375437, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.123205, "energy": 48.764482, "activity_lines": [ 36.976545, 38.402841, 39.279925, 38.737597 ] }, { "date": "2024-06-21", "close": 36.18525, "volume": 6875913, "typical_volume": 7318175.25, "trend": 38.192495, "fair_value": 33.052375, "relative_strength": -19.188998, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.421539, "energy": 57.34888, "activity_lines": [ 36.470995, 37.786487, 39.032817, 38.602409 ] }, { "date": "2024-06-28", "close": 37.769671, "volume": 8481909, "typical_volume": 7383258.55, "trend": 38.149925, "fair_value": 33.16255, "relative_strength": -15.433748, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.057007, "energy": 52.798846, "activity_lines": [ 36.711559, 37.578181, 38.92685, 38.575131 ] }, { "date": "2024-07-05", "close": 36.753077, "volume": 3838919, "typical_volume": 7210405.2, "trend": 38.131234, "fair_value": 33.269753, "relative_strength": -19.009159, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.104143, "energy": 46.628857, "activity_lines": [ 36.65905, 37.258839, 38.707065, 38.485011 ] }, { "date": "2024-07-12", "close": 37.89789, "volume": 4347494, "typical_volume": 7120618.05, "trend": 38.121219, "fair_value": 33.403658, "relative_strength": -17.06742, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.543089, "energy": 20.138789, "activity_lines": [ 37.150556, 37.247371, 38.591028, 38.469957 ] }, { "date": "2024-07-19", "close": 38.154328, "volume": 7284392, "typical_volume": 7081130.85, "trend": 38.079436, "fair_value": 33.535225, "relative_strength": -14.567283, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.060901, "energy": 6.275876, "activity_lines": [ 37.623135, 37.323569, 38.489547, 38.472093 ] }, { "date": "2024-07-26", "close": 36.872137, "volume": 5697273, "typical_volume": 6758904.2, "trend": 38.025, "fair_value": 33.653173, "relative_strength": -16.425769, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.027136, "energy": 13.005902, "activity_lines": [ 37.463166, 37.204508, 38.259456, 38.394203 ] }, { "date": "2024-08-02", "close": 34.362707, "volume": 7729068, "typical_volume": 6573762.25, "trend": 37.925126, "fair_value": 33.755853, "relative_strength": -19.974323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -46.116004, "energy": 31.491955, "activity_lines": [ 36.420928, 36.676145, 37.792882, 38.157926 ] }, { "date": "2024-08-09", "close": 33.868148, "volume": 11529471, "typical_volume": 6725495.75, "trend": 37.878268, "fair_value": 33.853808, "relative_strength": -20.639098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -47.410113, "energy": 55.686626, "activity_lines": [ 35.440968, 36.132297, 37.303455, 37.896185 ] }, { "date": "2024-08-16", "close": 34.280281, "volume": 10181468, "typical_volume": 6957568.7, "trend": 37.884862, "fair_value": 33.967296, "relative_strength": -22.152125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.183773, "energy": 73.598672, "activity_lines": [ 34.790715, 35.760128, 36.883867, 37.664057 ] }, { "date": "2024-08-23", "close": 35.317582, "volume": 8213611, "typical_volume": 7016061.55, "trend": 37.901964, "fair_value": 34.073171, "relative_strength": -20.341975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.074869, "energy": 70.908683, "activity_lines": [ 34.727402, 35.61386, 36.597759, 37.498426 ] }, { "date": "2024-08-30", "close": 34.41295, "volume": 5629516, "typical_volume": 6978652.25, "trend": 37.911175, "fair_value": 34.178843, "relative_strength": -21.975209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.400238, "energy": 63.478528, "activity_lines": [ 34.551662, 35.298741, 36.269406, 37.273328 ] }, { "date": "2024-09-06", "close": 31.920596, "volume": 8544084, "typical_volume": 7107078.6, "trend": 37.835202, "fair_value": 34.273146, "relative_strength": -23.830825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.761306, "energy": 70.851042, "activity_lines": [ 33.709082, 34.56269, 35.743547, 36.886839 ] }, { "date": "2024-09-13", "close": 31.542127, "volume": 13078436, "typical_volume": 7471104.65, "trend": 37.698474, "fair_value": 34.359427, "relative_strength": -26.974481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.435205, "energy": 75.734244, "activity_lines": [ 32.903154, 33.864173, 35.228824, 36.480835 ] }, { "date": "2024-09-20", "close": 32.880614, "volume": 11195225, "typical_volume": 7590451.2, "trend": 37.600299, "fair_value": 34.447815, "relative_strength": -24.289904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.429329, "energy": 68.921827, "activity_lines": [ 32.698457, 33.503762, 34.89251, 36.170005 ] }, { "date": "2024-09-27", "close": 31.135966, "volume": 8496875, "typical_volume": 7713566.0, "trend": 37.411833, "fair_value": 34.502803, "relative_strength": -27.950495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.24327, "energy": 76.102409, "activity_lines": [ 32.005521, 32.917366, 34.424678, 35.752951 ] }, { "date": "2024-10-04", "close": 33.277544, "volume": 9215190, "typical_volume": 7888024.4, "trend": 37.27444, "fair_value": 34.554239, "relative_strength": -22.568233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.320725, "energy": 50.363736, "activity_lines": [ 32.305218, 32.847953, 34.204145, 35.486223 ] }, { "date": "2024-10-11", "close": 33.148311, "volume": 8187457, "typical_volume": 7916366.0, "trend": 37.064223, "fair_value": 34.610278, "relative_strength": -22.943956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.483959, "energy": 41.130539, "activity_lines": [ 32.637532, 32.820401, 34.00072, 35.220021 ] }, { "date": "2024-10-18", "close": 30.4898, "volume": 6935787, "typical_volume": 7952982.7, "trend": 36.737497, "fair_value": 34.648781, "relative_strength": -28.816842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.33254, "energy": 48.119982, "activity_lines": [ 32.001828, 32.331562, 33.569381, 34.795864 ] }, { "date": "2024-10-25", "close": 30.259026, "volume": 6690023, "typical_volume": 7975305.3, "trend": 36.360634, "fair_value": 34.690083, "relative_strength": -27.767843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.18836, "energy": 47.501615, "activity_lines": [ 31.359354, 31.862189, 33.157489, 34.377899 ] }, { "date": "2024-11-01", "close": 28.717459, "volume": 5348474, "typical_volume": 7875029.25, "trend": 35.833248, "fair_value": 34.716293, "relative_strength": -29.631843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.847612, "energy": 67.664343, "activity_lines": [ 30.377798, 31.185645, 32.627699, 33.884791 ] }, { "date": "2024-11-08", "close": 31.025194, "volume": 10398906, "typical_volume": 8051178.9, "trend": 35.441299, "fair_value": 34.760065, "relative_strength": -26.691872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.506557, "energy": 67.329907, "activity_lines": [ 30.32672, 31.048691, 32.347977, 33.574594 ] }, { "date": "2024-11-15", "close": 30.00056, "volume": 7824124, "typical_volume": 8018289.65, "trend": 35.047028, "fair_value": 34.807298, "relative_strength": -26.863399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.663667, "energy": 61.562412, "activity_lines": [ 30.084254, 30.787036, 31.995243, 33.223578 ] }, { "date": "2024-11-22", "close": 31.111799, "volume": 6719116, "typical_volume": 8162299.5, "trend": 34.676156, "fair_value": 34.864574, "relative_strength": -24.690208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.118199, "energy": 45.178199, "activity_lines": [ 30.422051, 30.762334, 31.785336, 32.969692 ] }, { "date": "2024-11-29", "close": 30.245513, "volume": 5307160, "typical_volume": 8210282.8, "trend": 34.345835, "fair_value": 34.912386, "relative_strength": -26.913004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.334081, "energy": 39.117205, "activity_lines": [ 30.429619, 30.58795, 31.51979, 32.683844 ] }, { "date": "2024-12-06", "close": 27.9261, "volume": 7999936, "typical_volume": 8246060.0, "trend": 33.935471, "fair_value": 34.93475, "relative_strength": -32.416036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.841924, "energy": 50.352903, "activity_lines": [ 29.664951, 30.039765, 31.069787, 32.269668 ] }, { "date": "2024-12-13", "close": 28.214862, "volume": 9194551, "typical_volume": 8420923.9, "trend": 33.560805, "fair_value": 34.977313, "relative_strength": -30.614328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.209828, "energy": 50.784959, "activity_lines": [ 29.049294, 29.602443, 30.695991, 31.900597 ] }, { "date": "2024-12-20", "close": 26.295991, "volume": 12575444, "typical_volume": 8663242.7, "trend": 33.155453, "fair_value": 35.003939, "relative_strength": -33.368621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.27004, "energy": 77.186024, "activity_lines": [ 27.981369, 28.908285, 30.18067, 31.431899 ] }, { "date": "2024-12-27", "close": 26.696532, "volume": 4247947, "typical_volume": 8299166.5, "trend": 32.739029, "fair_value": 35.031204, "relative_strength": -32.064908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.590749, "energy": 83.732177, "activity_lines": [ 27.293928, 28.41154, 29.741909, 31.015194 ] }, { "date": "2025-01-03", "close": 28.736497, "volume": 5454548, "typical_volume": 8062820.5, "trend": 32.485853, "fair_value": 35.045649, "relative_strength": -25.797487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.799634, "energy": 72.502908, "activity_lines": [ 27.580827, 28.354666, 29.531581, 30.756966 ] }, { "date": "2025-01-10", "close": 30.953446, "volume": 9823428, "typical_volume": 8143311.35, "trend": 32.348399, "fair_value": 35.068465, "relative_strength": -17.973638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.469585, "energy": 39.510173, "activity_lines": [ 28.707311, 28.728556, 29.55879, 30.658101 ] }, { "date": "2025-01-17", "close": 30.03127, "volume": 10875975, "typical_volume": 8405634.3, "trend": 32.143266, "fair_value": 35.098593, "relative_strength": -22.203193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.650259, "energy": 21.458665, "activity_lines": [ 29.324579, 28.894123, 29.518955, 30.508609 ] }, { "date": "2025-01-24", "close": 27.702542, "volume": 8406973, "typical_volume": 8398778.75, "trend": 31.807695, "fair_value": 35.103159, "relative_strength": -28.895871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.511108, "energy": 25.860249, "activity_lines": [ 29.04451, 28.654357, 29.278201, 30.222111 ] }, { "date": "2025-01-31", "close": 24.805605, "volume": 16146629, "typical_volume": 8552188.4, "trend": 31.409446, "fair_value": 35.075601, "relative_strength": -35.121631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.482227, "energy": 41.655681, "activity_lines": [ 27.705026, 27.929657, 28.781634, 29.770363 ] }, { "date": "2025-02-07", "close": 24.982589, "volume": 18140873, "typical_volume": 8899470.8, "trend": 30.978936, "fair_value": 35.044934, "relative_strength": -33.994565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.329293, "energy": 67.032137, "activity_lines": [ 26.550598, 27.351794, 28.334001, 29.355727 ] }, { "date": "2025-02-14", "close": 26.323936, "volume": 12388182, "typical_volume": 9094036.15, "trend": 30.584589, "fair_value": 35.032329, "relative_strength": -30.855181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.920492, "energy": 69.960335, "activity_lines": [ 26.093547, 27.113501, 28.051725, 29.055405 ] }, { "date": "2025-02-21", "close": 25.732303, "volume": 9950673, "typical_volume": 9130810.3, "trend": 30.213262, "fair_value": 35.013773, "relative_strength": -30.700143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.883749, "energy": 71.975526, "activity_lines": [ 25.747919, 26.79677, 27.736018, 28.742354 ] }, { "date": "2025-02-28", "close": 24.959675, "volume": 14522820, "typical_volume": 9447578.45, "trend": 29.899827, "fair_value": 34.967076, "relative_strength": -31.476746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.095317, "energy": 68.182085, "activity_lines": [ 25.431345, 26.384698, 27.382657, 28.403413 ] }, { "date": "2025-03-07", "close": 23.894955, "volume": 19836374, "typical_volume": 10092607.8, "trend": 29.567387, "fair_value": 34.916433, "relative_strength": -31.622058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.101326, "energy": 56.579741, "activity_lines": [ 24.942723, 25.803337, 26.966888, 28.016002 ] }, { "date": "2025-03-14", "close": 24.535671, "volume": 15544557, "typical_volume": 10535334.5, "trend": 29.242567, "fair_value": 34.859548, "relative_strength": -27.357867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.21189, "energy": 50.271592, "activity_lines": [ 24.728383, 25.389408, 26.643543, 27.691375 ] }, { "date": "2025-03-21", "close": 25.157543, "volume": 24945494, "typical_volume": 11515185.5, "trend": 28.903899, "fair_value": 34.782023, "relative_strength": -25.087998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.193494, "energy": 47.222067, "activity_lines": [ 24.751128, 25.164925, 26.406678, 27.427825 ] }, { "date": "2025-03-28", "close": 26.731067, "volume": 12118826, "typical_volume": 11601181.5, "trend": 28.647836, "fair_value": 34.724103, "relative_strength": -18.35729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.696438, "energy": 34.056304, "activity_lines": [ 25.37614, 25.331917, 26.336624, 27.287642 ] }, { "date": "2025-04-04", "close": 21.030575, "volume": 16541665, "typical_volume": 12037058.55, "trend": 28.284836, "fair_value": 34.625104, "relative_strength": -28.301581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.718415, "energy": 49.502511, "activity_lines": [ 24.034405, 24.52246, 25.744115, 26.796206 ] }, { "date": "2025-04-11", "close": 19.664342, "volume": 27855605, "typical_volume": 13093883.0, "trend": 27.88891, "fair_value": 34.516296, "relative_strength": -35.533146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.919238, "energy": 61.247022, "activity_lines": [ 22.499198, 23.585906, 25.064202, 26.240045 ] }, { "date": "2025-04-18", "close": 20.135457, "volume": 13313689, "typical_volume": 13494209.45, "trend": 27.464071, "fair_value": 34.431149, "relative_strength": -31.961138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.640865, "energy": 75.43509, "activity_lines": [ 21.40307, 22.828486, 24.48367, 25.739822 ] }, { "date": "2025-04-25", "close": 19.852788, "volume": 14121752, "typical_volume": 13800300.25, "trend": 27.087965, "fair_value": 34.347676, "relative_strength": -34.795259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.245624, "energy": 83.221918, "activity_lines": [ 20.506067, 22.107801, 23.924359, 25.248772 ] }, { "date": "2025-05-02", "close": 20.521771, "volume": 14797096, "typical_volume": 14080427.5, "trend": 26.662773, "fair_value": 34.267441, "relative_strength": -33.513283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.069651, "energy": 80.844459, "activity_lines": [ 20.185709, 21.626407, 23.467206, 24.825146 ] }, { "date": "2025-05-09", "close": 20.59715, "volume": 20438740, "typical_volume": 14473592.3, "trend": 26.244401, "fair_value": 34.208081, "relative_strength": -31.980446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.578527, "energy": 68.791789, "activity_lines": [ 20.30443, 21.253456, 23.053865, 24.433816 ] }, { "date": "2025-05-16", "close": 21.110665, "volume": 12390109, "typical_volume": 14880700.4, "trend": 25.931763, "fair_value": 34.147508, "relative_strength": -32.826484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.869746, "energy": 49.356282, "activity_lines": [ 20.623218, 21.053189, 22.716568, 24.102607 ] }, { "date": "2025-05-23", "close": 19.972907, "volume": 11353042, "typical_volume": 15175625.1, "trend": 25.588892, "fair_value": 34.033698, "relative_strength": -33.851088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.055208, "energy": 46.712832, "activity_lines": [ 20.466332, 20.696681, 22.297512, 23.718165 ] }, { "date": "2025-05-30", "close": 20.011151, "volume": 8142487, "typical_volume": 15091578.05, "trend": 25.298682, "fair_value": 33.920245, "relative_strength": -33.873027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.759041, "energy": 44.359885, "activity_lines": [ 20.33303, 20.430085, 21.92383, 23.358311 ] }, { "date": "2025-06-06", "close": 21.512226, "volume": 11743999, "typical_volume": 15134979.25, "trend": 24.981583, "fair_value": 33.812576, "relative_strength": -29.194537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.191092, "energy": 35.520687, "activity_lines": [ 20.689529, 20.529983, 21.745213, 23.114023 ] }, { "date": "2025-06-13", "close": 24.313596, "volume": 18673751, "typical_volume": 15648318.15, "trend": 24.792017, "fair_value": 33.781323, "relative_strength": -18.927238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.286612, "energy": 16.310638, "activity_lines": [ 21.913788, 21.234109, 21.873961, 23.070927 ] }, { "date": "2025-06-20", "close": 23.739937, "volume": 12920864, "typical_volume": 15487029.9, "trend": 24.546289, "fair_value": 33.755792, "relative_strength": -19.87683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.022548, "energy": 18.037355, "activity_lines": [ 22.699064, 21.774242, 21.964212, 23.003051 ] }, { "date": "2025-06-27", "close": 21.923349, "volume": 16412689, "typical_volume": 15400620.7, "trend": 24.268883, "fair_value": 33.727293, "relative_strength": -27.522726, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.697914, "energy": 18.064425, "activity_lines": [ 22.703526, 21.909985, 21.88653, 22.833829 ] }, { "date": "2025-07-04", "close": 23.395741, "volume": 8112419, "typical_volume": 15186832.55, "trend": 24.117871, "fair_value": 33.716243, "relative_strength": -23.052446, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.587294, "energy": 18.77433, "activity_lines": [ 23.068755, 22.280928, 21.963643, 22.777497 ] }, { "date": "2025-07-11", "close": 25.279256, "volume": 12829343, "typical_volume": 15330766.05, "trend": 24.020018, "fair_value": 33.721048, "relative_strength": -15.695343, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.447027, "energy": 27.207876, "activity_lines": [ 23.836184, 22.929911, 22.234082, 22.852425 ] }, { "date": "2025-07-18", "close": 23.405302, "volume": 10816183, "typical_volume": 15145434.2, "trend": 23.923661, "fair_value": 33.703885, "relative_strength": -21.397826, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.185682, "energy": 22.631367, "activity_lines": [ 23.727826, 23.151675, 22.328207, 22.812766 ] }, { "date": "2025-07-25", "close": 24.982866, "volume": 10060356, "typical_volume": 14656633.3, "trend": 23.866539, "fair_value": 33.668578, "relative_strength": -16.358497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.248868, "energy": 44.064425, "activity_lines": [ 24.205876, 23.609212, 22.579978, 22.881102 ] }, { "date": "2025-08-01", "close": 22.640423, "volume": 10017131, "typical_volume": 14380262.0, "trend": 23.663337, "fair_value": 33.632384, "relative_strength": -21.395003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.633923, "energy": 20.163814, "activity_lines": [ 23.820249, 23.570447, 22.603478, 22.801998 ] }, { "date": "2025-08-08", "close": 22.248423, "volume": 15083775, "typical_volume": 13887176.05, "trend": 23.373169, "fair_value": 33.577658, "relative_strength": -23.698467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.660835, "energy": 5.302176, "activity_lines": [ 23.256151, 23.411908, 22.598671, 22.710713 ] }, { "date": "2025-08-15", "close": 21.961593, "volume": 11514821, "typical_volume": 13856975.8, "trend": 23.10418, "fair_value": 33.516108, "relative_strength": -24.511453, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.946148, "energy": 11.134616, "activity_lines": [ 22.672931, 23.160541, 22.580398, 22.619644 ] }, { "date": "2025-08-22", "close": 23.337799, "volume": 10290985, "typical_volume": 13544441.8, "trend": 22.958689, "fair_value": 33.449208, "relative_strength": -19.068821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.165705, "energy": 9.349989, "activity_lines": [ 22.769623, 23.151223, 22.715905, 22.634716 ] }, { "date": "2025-08-29", "close": 24.113785, "volume": 8850192, "typical_volume": 12594171.15, "trend": 22.935628, "fair_value": 33.384481, "relative_strength": -15.455424, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.041175, "energy": 9.118081, "activity_lines": [ 23.129478, 23.300735, 22.914329, 22.709238 ] }, { "date": "2025-09-05", "close": 24.181684, "volume": 10300958, "typical_volume": 12443534.6, "trend": 22.908931, "fair_value": 33.31638, "relative_strength": -14.671255, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.111054, "energy": 14.469604, "activity_lines": [ 23.569904, 23.455795, 23.098031, 22.789629 ] }, { "date": "2025-09-12", "close": 25.03527, "volume": 11506030, "typical_volume": 12312748.5, "trend": 22.865976, "fair_value": 33.25644, "relative_strength": -12.304079, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.963404, "energy": 49.54547, "activity_lines": [ 24.192109, 23.724992, 23.34376, 22.926812 ] }, { "date": "2025-09-19", "close": 25.743357, "volume": 14179680, "typical_volume": 12281877.7, "trend": 22.866344, "fair_value": 33.234704, "relative_strength": -10.139277, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.480662, "energy": 60.580253, "activity_lines": [ 24.864552, 24.093122, 23.632247, 23.11245 ] }, { "date": "2025-09-26", "close": 29.128599, "volume": 12295830, "typical_volume": 11874732.2, "trend": 23.005308, "fair_value": 33.224418, "relative_strength": 2.474384, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.332522, "energy": 79.484694, "activity_lines": [ 26.413292, 25.068313, 24.218273, 23.516466 ] }, { "date": "2025-10-03", "close": 29.535992, "volume": 11264478, "typical_volume": 11818450.65, "trend": 23.193343, "fair_value": 33.169746, "relative_strength": 3.438454, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.761398, "energy": 85.104185, "activity_lines": [ 27.711777, 26.013515, 24.802473, 23.9378 ] }, { "date": "2025-10-10", "close": 25.966454, "volume": 12273422, "typical_volume": 11864469.65, "trend": 23.241036, "fair_value": 33.098466, "relative_strength": -6.040462, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.013464, "energy": 73.259382, "activity_lines": [ 27.458935, 26.226926, 25.006596, 24.116711 ] }, { "date": "2025-10-17", "close": 27.033435, "volume": 10876332, "typical_volume": 12001161.9, "trend": 23.303565, "fair_value": 33.00613, "relative_strength": -3.32214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.08982, "energy": 67.695113, "activity_lines": [ 27.442768, 26.573861, 25.283795, 24.361382 ] }, { "date": "2025-10-24", "close": 28.061618, "volume": 9663471, "typical_volume": 11897135.5, "trend": 23.347917, "fair_value": 32.919432, "relative_strength": -1.032695, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.32091, "energy": 48.487138, "activity_lines": [ 27.636118, 27.020737, 25.625477, 24.668353 ] }, { "date": "2025-10-31", "close": 27.450528, "volume": 6651782, "typical_volume": 11296037.05, "trend": 23.561915, "fair_value": 32.832682, "relative_strength": -3.397953, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.684277, "energy": 38.588973, "activity_lines": [ 27.471221, 27.245597, 25.877773, 24.933037 ] }, { "date": "2025-11-07", "close": 27.576626, "volume": 10744642, "typical_volume": 11187225.95, "trend": 23.825658, "fair_value": 32.723812, "relative_strength": -0.828643, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.694242, "energy": 38.664018, "activity_lines": [ 27.460228, 27.418607, 26.12714, 25.192051 ] }, { "date": "2025-11-14", "close": 29.545692, "volume": 12635624, "typical_volume": 10998372.7, "trend": 24.139333, "fair_value": 32.647102, "relative_strength": 6.489426, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.132841, "energy": 46.416287, "activity_lines": [ 28.236215, 27.886668, 26.545767, 25.561085 ] }, { "date": "2025-11-21", "close": 30.096861, "volume": 12406191, "typical_volume": 11213061.3, "trend": 24.480802, "fair_value": 32.572405, "relative_strength": 10.971833, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.999293, "energy": 49.18244, "activity_lines": [ 28.957308, 28.357414, 26.98059, 25.945442 ] }, { "date": "2025-11-28", "close": 31.45019, "volume": 6063539, "typical_volume": 10874771.1, "trend": 24.845083, "fair_value": 32.516799, "relative_strength": 12.07871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.319832, "energy": 67.137726, "activity_lines": [ 29.925283, 28.982191, 27.512391, 26.39508 ] }, { "date": "2025-12-05", "close": 32.117047, "volume": 8925904, "typical_volume": 10780257.15, "trend": 25.229079, "fair_value": 32.491989, "relative_strength": 14.053251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.390946, "energy": 76.702815, "activity_lines": [ 30.889639, 29.624454, 28.078317, 26.864239 ] }, { "date": "2025-12-12", "close": 32.725065, "volume": 9243412, "typical_volume": 10739409.95, "trend": 25.616226, "fair_value": 32.464207, "relative_strength": 16.841938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.004743, "energy": 77.985916, "activity_lines": [ 31.745566, 30.322931, 28.660665, 27.347851 ] }, { "date": "2025-12-19", "close": 30.96966, "volume": 15122404, "typical_volume": 10994673.6, "trend": 25.982784, "fair_value": 32.416839, "relative_strength": 10.415245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.089939, "energy": 66.005292, "activity_lines": [ 31.673129, 30.64426, 29.038964, 27.693234 ] }, { "date": "2025-12-26", "close": 30.557777, "volume": 4922653, "typical_volume": 10486617.5, "trend": 26.334338, "fair_value": 32.370547, "relative_strength": 7.469196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.32119, "energy": 50.27765, "activity_lines": [ 31.368467, 30.799733, 29.338373, 27.988395 ] }, { "date": "2026-01-02", "close": 31.862072, "volume": 6479172, "typical_volume": 10234835.05, "trend": 26.679333, "fair_value": 32.341456, "relative_strength": 13.358431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.929884, "energy": 48.204357, "activity_lines": [ 31.467842, 31.128272, 29.722432, 28.345023 ] }, { "date": "2026-01-09", "close": 31.930719, "volume": 14380671, "typical_volume": 10439319.35, "trend": 26.933237, "fair_value": 32.308132, "relative_strength": 12.23525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.868324, "energy": 43.415661, "activity_lines": [ 31.56264, 31.400194, 30.065884, 28.683822 ] }, { "date": "2026-01-16", "close": 33.264435, "volume": 12068144, "typical_volume": 10600216.95, "trend": 27.250721, "fair_value": 32.284202, "relative_strength": 17.482167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.855755, "energy": 48.094601, "activity_lines": [ 32.114432, 31.833151, 30.495437, 29.092286 ] }, { "date": "2026-01-23", "close": 30.979466, "volume": 12457288, "typical_volume": 10708033.45, "trend": 27.552591, "fair_value": 32.232505, "relative_strength": 9.857356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.92814, "energy": 40.269803, "activity_lines": [ 31.86861, 31.747244, 30.6638, 29.33285 ] }, { "date": "2026-01-30", "close": 29.508457, "volume": 20328118, "typical_volume": 11149137.85, "trend": 27.756348, "fair_value": 32.187257, "relative_strength": 4.180394, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.227751, "energy": 26.642428, "activity_lines": [ 31.131798, 31.367813, 30.659697, 29.459035 ] }, { "date": "2026-02-06", "close": 31.489417, "volume": 11809557, "typical_volume": 11030631.7, "trend": 27.963354, "fair_value": 32.145276, "relative_strength": 11.207393, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.527835, "energy": 23.739856, "activity_lines": [ 31.12526, 31.359254, 30.822955, 29.699878 ] }, { "date": "2026-02-13", "close": 32.970233, "volume": 8213972, "typical_volume": 10826538.8, "trend": 28.282185, "fair_value": 32.132621, "relative_strength": 17.693562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.781088, "energy": 29.064363, "activity_lines": [ 31.637171, 31.619222, 31.099882, 30.022903 ] }, { "date": "2026-02-20", "close": 33.440579, "volume": 8518106, "typical_volume": 10689220.2, "trend": 28.564109, "fair_value": 32.123264, "relative_strength": 17.761102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.244933, "energy": 34.423278, "activity_lines": [ 32.236564, 31.949195, 31.40331, 30.355703 ] }, { "date": "2026-02-27", "close": 32.865555, "volume": 9016888, "typical_volume": 10526393.5, "trend": 28.904946, "fair_value": 32.098434, "relative_strength": 16.02342, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.052543, "energy": 37.070582, "activity_lines": [ 32.632539, 32.161608, 31.63338, 30.633215 ] }, { "date": "2026-03-06", "close": 34.253543, "volume": 13050523, "typical_volume": 10635103.05, "trend": 29.305117, "fair_value": 32.110268, "relative_strength": 22.857918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.960115, "energy": 52.277598, "activity_lines": [ 33.365437, 32.591912, 31.962787, 30.978286 ] }, { "date": "2026-03-13", "close": 36.494151, "volume": 18729191, "typical_volume": 11088389.05, "trend": 29.789536, "fair_value": 32.154712, "relative_strength": 32.214183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.710866, "energy": 65.46398, "activity_lines": [ 34.528866, 33.362403, 32.471203, 31.442095 ] }, { "date": "2026-03-20", "close": 38.397676, "volume": 21217380, "typical_volume": 11816668.95, "trend": 30.291531, "fair_value": 32.205352, "relative_strength": 40.748511, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.626777, "energy": 74.878073, "activity_lines": [ 35.993153, 34.394771, 33.120753, 31.997459 ] }, { "date": "2026-03-27", "close": 41.758588, "volume": 14534708, "typical_volume": 12006172.25, "trend": 30.879692, "fair_value": 32.263482, "relative_strength": 55.342188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.541389, "energy": 85.667123, "activity_lines": [ 38.215916, 35.920632, 34.03826, 32.737269 ] }, { "date": "2026-04-03", "close": 40.727512, "volume": 8512285, "typical_volume": 11800005.3, "trend": 31.431219, "fair_value": 32.307296, "relative_strength": 45.167192, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.380655, "energy": 83.138441, "activity_lines": [ 39.540452, 37.104586, 34.790037, 33.372612 ] }, { "date": "2026-04-10", "close": 38.457161, "volume": 12662789, "typical_volume": 11812835.2, "trend": 31.878616, "fair_value": 32.33225, "relative_strength": 31.166852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.171232, "energy": 73.914487, "activity_lines": [ 39.584075, 37.698511, 35.272343, 33.825898 ] }, { "date": "2026-04-17", "close": 36.553636, "volume": 11080481, "typical_volume": 12063682.3, "trend": 32.238958, "fair_value": 32.355826, "relative_strength": 18.612363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.203002, "energy": 49.477441, "activity_lines": [ 38.712947, 37.783637, 35.533549, 34.127513 ] }, { "date": "2026-04-24", "close": 38.665359, "volume": 7590627, "typical_volume": 11996918.45, "trend": 32.55685, "fair_value": 32.395657, "relative_strength": 23.826171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.839184, "energy": 41.797455, "activity_lines": [ 38.541762, 38.160637, 35.971571, 34.542119 ] }, { "date": "2026-05-01", "close": 40.380515, "volume": 6209949, "typical_volume": 11845245.3, "trend": 32.918334, "fair_value": 32.457874, "relative_strength": 27.030791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.716289, "energy": 40.920497, "activity_lines": [ 38.92445, 38.745935, 36.541757, 35.046872 ] }, { "date": "2026-05-08", "close": 36.662692, "volume": 11785257, "typical_volume": 11678387.95, "trend": 33.274876, "fair_value": 32.502747, "relative_strength": 12.056931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.201346, "energy": 26.495363, "activity_lines": [ 38.159735, 38.529084, 36.721411, 35.288443 ] }, { "date": "2026-05-15", "close": 40.291287, "volume": 7574949, "typical_volume": 11811002.75, "trend": 33.716804, "fair_value": 32.560595, "relative_strength": 21.907571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.40008, "energy": 33.70862, "activity_lines": [ 38.87554, 38.902939, 37.219536, 35.741115 ] }, { "date": "2026-05-22", "close": 38.0, "volume": 8014248, "typical_volume": 11887756.55, "trend": 34.048083, "fair_value": 32.595929, "relative_strength": 13.194518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.137691, "energy": 27.488278, "activity_lines": [ 38.705308, 38.75042, 37.453093, 36.01745 ] }, { "date": "2026-05-29", "close": 36.19, "volume": 6308841, "typical_volume": 11484165.05, "trend": 34.339399, "fair_value": 32.611546, "relative_strength": 5.64899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.720124, "energy": 18.380191, "activity_lines": [ 37.835317, 38.24143, 37.485041, 36.155638 ] }, { "date": "2026-06-05", "close": 38.67, "volume": 9138119, "typical_volume": 11337663.8, "trend": 34.709178, "fair_value": 32.639976, "relative_strength": 14.999277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.460045, "energy": 20.75024, "activity_lines": [ 37.957018, 38.223489, 37.732897, 36.435032 ] }, { "date": "2026-06-12", "close": 38.84, "volume": 8597232, "typical_volume": 11144661.0, "trend": 35.018988, "fair_value": 32.666696, "relative_strength": 14.312265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.955848, "energy": 18.107994, "activity_lines": [ 38.249419, 38.292614, 37.971202, 36.701537 ] }, { "date": "2026-06-19", "close": 34.29, "volume": 8610552, "typical_volume": 10558782.7, "trend": 35.15876, "fair_value": 32.672477, "relative_strength": -0.239431, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.717458, "energy": 8.241599, "activity_lines": [ 36.88, 37.568784, 37.738743, 36.654505 ] }, { "date": "2026-06-26", "close": 34.62, "volume": 13967791, "typical_volume": 10666694.4, "trend": 35.26442, "fair_value": 32.675574, "relative_strength": 2.682152, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.396896, "energy": 9.965627, "activity_lines": [ 36.020667, 36.98072, 37.514944, 36.619746 ] }, { "date": "2026-07-03", "close": 31.88, "volume": 7779262, "typical_volume": 10644958.9, "trend": 35.256518, "fair_value": 32.660192, "relative_strength": -7.640465, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.603752, "energy": 36.784373, "activity_lines": [ 34.473333, 35.929632, 37.015284, 36.401397 ] }, { "date": "2026-07-10", "close": 33.75, "volume": 6563296, "typical_volume": 10547218.4, "trend": 35.290683, "fair_value": 32.652741, "relative_strength": -3.688741, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.281584, "energy": 43.519119, "activity_lines": [ 33.836667, 35.341914, 36.698912, 36.304202 ] }, { "date": "2026-07-17", "close": 36.83, "volume": 8580491, "typical_volume": 10525398.55, "trend": 35.486028, "fair_value": 32.652407, "relative_strength": 6.22804, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.320505, "energy": 34.216707, "activity_lines": [ 34.554667, 35.434751, 36.674399, 36.403513 ] }, { "date": "2026-07-24", "close": 38.95, "volume": 7163553, "typical_volume": 10231050.05, "trend": 35.765768, "fair_value": 32.659321, "relative_strength": 12.400169, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 32.414066, "energy": 17.06169, "activity_lines": [ 36.113333, 35.91, 36.832913, 36.626995 ] }, { "date": "2026-07-31", "close": 39.74, "volume": 6948246, "typical_volume": 9642002.8, "trend": 36.028366, "fair_value": 32.664614, "relative_strength": 12.679628, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.817439, "energy": 26.807987, "activity_lines": [ 37.624667, 36.553273, 37.0443, 36.883397 ] }, { "date": "2026-08-07", "close": 33.37, "volume": 11862511, "typical_volume": 9174259.35, "trend": 36.076342, "fair_value": 32.625103, "relative_strength": -8.882999, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.484511, "energy": 13.955538, "activity_lines": [ 36.671333, 36.006727, 36.633565, 36.711889 ] } ], "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." } } }