{ "ticker": { "uuid": "151a7b33-d027-455e-bd1b-bf118a9eed3b", "symbol": "KLARA-B", "name": "KlaraBo Sverige AB (publ)", "exchange": "STO", "country": "SE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 65.281, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -41.364, "architecture_energy": 26.148, "architecture_maturity": 23.302, "architecture_confidence": 58.431, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.45, "rotation_up": 18.81, "upward_expansion": 13.19, "deceleration": 61.78, "rotation_down": 44.86, "downward_expansion": 63.19 }, "activity_lines": [ 14.121333, 14.087273, 14.328983, 14.409424 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 14.4, "trend_reference": 14.623919, "distance_from_trend": -0.015312, "trend_direction": "Weakening", "fair_value": 16.179687, "distance_from_fair_value": -0.109995, "fair_value_direction": "Weakening", "relative_strength": -14.294536, "relative_strength_direction": "Weakening", "price_momentum": -0.013883, "excess_performance": -0.075377, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.015312, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016408, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.109995, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.026226, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.142945, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01481, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.013883, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.283091, "read": "Demand-led" } ], "volume": { "latest": 731332, "relative_activity": 0.699965, "balance": 1.283091, "dry_up": 0.835153, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.045299, "annualized_volatility": 0.204369, "from_high_reference": -0.151002, "from_low_reference": 0.12375 }, "levels": { "trend_reference": 14.623919, "fair_value_reference": 16.179687, "structural_low": 12.814239, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.006974, "positive_rate": 0.5625, "directional_follow_through": 0.4375, "median_excess_return": 0.012217, "regime_survival": 0.6875, "best_return": 0.259528, "worst_return": -0.137209, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.054498, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.07481, "regime_survival": 0.166667, "best_return": 0.35545, "worst_return": -0.074789, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.067597, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.001592, "regime_survival": 0.0, "best_return": 0.560799, "worst_return": 0.004825, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.354316, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.212398, "regime_survival": 0.5, "best_return": 0.782214, "worst_return": -0.073583, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-09-20", "tenure": "Established", "return": 0.05359, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-11-15", "tenure": "Developing", "return": 0.004963, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-06", "tenure": "New", "return": -0.12173, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-13", "end": "2024-12-20", "tenure": "New", "return": 0.003704, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-05-02", "tenure": "Established", "return": -0.016888, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-11-14", "tenure": "Extended", "return": -0.05985, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-16", "tenure": "Developing", "return": 0.173261, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.12071, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.001348, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-05-15", "tenure": "Developing", "return": -0.010353, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": -0.0013, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": -0.016327, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.016949, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.009818, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.050083, "volume": 147656, "typical_volume": 254791.9, "trend": 14.541147, "fair_value": 22.46215, "relative_strength": -17.828526, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.878758, "energy": 14.533017, "activity_lines": [ 13.97905, 13.73046, 13.296597, 13.610954 ] }, { "date": "2023-08-25", "close": 13.128698, "volume": 113779, "typical_volume": 249664.1, "trend": 14.307267, "fair_value": 22.359585, "relative_strength": -16.764192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.090476, "energy": 12.66736, "activity_lines": [ 13.668521, 13.70223, 13.273294, 13.519829 ] }, { "date": "2023-09-01", "close": 12.794585, "volume": 1184955, "typical_volume": 299900.75, "trend": 14.088783, "fair_value": 22.255617, "relative_strength": -19.503974, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.886173, "energy": 19.111018, "activity_lines": [ 13.306892, 13.587524, 13.227716, 13.422236 ] }, { "date": "2023-09-08", "close": 12.657008, "volume": 58805, "typical_volume": 287005.65, "trend": 13.907314, "fair_value": 22.152406, "relative_strength": -19.230764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.179216, "energy": 29.880703, "activity_lines": [ 12.978019, 13.422432, 13.178394, 13.329864 ] }, { "date": "2023-09-15", "close": 12.696316, "volume": 553665, "typical_volume": 309166.2, "trend": 13.681951, "fair_value": 22.05181, "relative_strength": -18.836362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.569901, "energy": 30.51821, "activity_lines": [ 12.786723, 13.252695, 13.140397, 13.251735 ] }, { "date": "2023-09-22", "close": 11.890513, "volume": 679869, "typical_volume": 330259.6, "trend": 13.490982, "fair_value": 21.944849, "relative_strength": -22.299486, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.208721, "energy": 51.40309, "activity_lines": [ 12.461781, 12.953601, 13.030149, 13.136158 ] }, { "date": "2023-09-29", "close": 12.440817, "volume": 228799, "typical_volume": 327812.2, "trend": 13.332442, "fair_value": 21.845848, "relative_strength": -17.978515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.267673, "energy": 46.260839, "activity_lines": [ 12.397579, 12.788867, 12.982886, 13.068406 ] }, { "date": "2023-10-06", "close": 12.303242, "volume": 130992, "typical_volume": 328296.4, "trend": 13.216485, "fair_value": 21.747471, "relative_strength": -18.587428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.60387, "energy": 44.661455, "activity_lines": [ 12.333377, 12.628064, 12.926171, 13.002006 ] }, { "date": "2023-10-13", "close": 12.715969, "volume": 331310, "typical_volume": 327791.0, "trend": 13.160799, "fair_value": 21.655313, "relative_strength": -16.848549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.834885, "energy": 33.784974, "activity_lines": [ 12.439507, 12.572676, 12.914192, 12.969714 ] }, { "date": "2023-10-20", "close": 11.92982, "volume": 143711, "typical_volume": 314779.0, "trend": 13.12575, "fair_value": 21.557076, "relative_strength": -17.000067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.179341, "energy": 31.623819, "activity_lines": [ 12.279657, 12.407227, 12.827434, 12.890296 ] }, { "date": "2023-10-27", "close": 11.792244, "volume": 103535, "typical_volume": 249682.3, "trend": 13.060565, "fair_value": 21.459427, "relative_strength": -16.11748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.707184, "energy": 33.911397, "activity_lines": [ 12.125047, 12.267507, 12.730382, 12.804264 ] }, { "date": "2023-11-03", "close": 13.836233, "volume": 1199476, "typical_volume": 292992.15, "trend": 13.017327, "fair_value": 21.38395, "relative_strength": -4.413056, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.428021, "energy": 8.381175, "activity_lines": [ 12.658319, 12.522291, 12.82341, 12.854307 ] }, { "date": "2023-11-10", "close": 13.207313, "volume": 113929, "typical_volume": 291226.5, "trend": 12.965572, "fair_value": 21.303787, "relative_strength": -7.601231, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.911294, "energy": 11.559778, "activity_lines": [ 12.888923, 12.649862, 12.846433, 12.866564 ] }, { "date": "2023-11-17", "close": 14.111385, "volume": 85050, "typical_volume": 291406.1, "trend": 12.960986, "fair_value": 21.233958, "relative_strength": -4.539886, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.776999, "energy": 21.22593, "activity_lines": [ 13.360612, 12.934305, 12.946948, 12.940487 ] }, { "date": "2023-11-24", "close": 14.50446, "volume": 95427, "typical_volume": 286127.45, "trend": 12.989812, "fair_value": 21.169251, "relative_strength": -2.787883, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.003507, "energy": 50.338255, "activity_lines": [ 13.870299, 13.263773, 13.074884, 13.040066 ] }, { "date": "2023-12-01", "close": 14.740305, "volume": 141601, "typical_volume": 282038.4, "trend": 13.010776, "fair_value": 21.108023, "relative_strength": -1.756758, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.228712, "energy": 66.403358, "activity_lines": [ 14.286959, 13.603247, 13.221164, 13.153001 ] }, { "date": "2023-12-08", "close": 16.902218, "volume": 473328, "typical_volume": 301426.8, "trend": 13.133939, "fair_value": 21.068346, "relative_strength": 9.796813, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.49444, "energy": 81.879067, "activity_lines": [ 15.227718, 14.283981, 13.568755, 13.404062 ] }, { "date": "2023-12-15", "close": 15.958837, "volume": 345053, "typical_volume": 315409.95, "trend": 13.217795, "fair_value": 21.020593, "relative_strength": 1.057834, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.37504, "energy": 76.071257, "activity_lines": [ 15.649618, 14.712075, 13.812836, 13.586313 ] }, { "date": "2023-12-22", "close": 17.059446, "volume": 277786, "typical_volume": 327559.15, "trend": 13.361923, "fair_value": 20.983916, "relative_strength": 9.044331, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.000195, "energy": 82.229475, "activity_lines": [ 16.254953, 15.273815, 14.152284, 13.834162 ] }, { "date": "2023-12-29", "close": 16.862909, "volume": 120015, "typical_volume": 326437.05, "trend": 13.506705, "fair_value": 20.946109, "relative_strength": 7.384833, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.600376, "energy": 80.223111, "activity_lines": [ 16.598239, 15.720848, 14.460941, 14.060032 ] }, { "date": "2024-01-05", "close": 16.29295, "volume": 103641, "typical_volume": 324236.3, "trend": 13.68883, "fair_value": 20.903807, "relative_strength": 6.963533, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.665416, "energy": 66.101796, "activity_lines": [ 16.594308, 15.97456, 14.705115, 14.23979 ] }, { "date": "2024-01-12", "close": 16.155375, "volume": 111662, "typical_volume": 324130.45, "trend": 13.836888, "fair_value": 20.861028, "relative_strength": 5.843468, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.820571, "energy": 50.50221, "activity_lines": [ 16.441009, 16.121427, 14.920745, 14.398922 ] }, { "date": "2024-01-19", "close": 15.880221, "volume": 56878, "typical_volume": 267726.6, "trend": 13.986256, "fair_value": 20.816557, "relative_strength": 7.380442, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.62193, "energy": 42.595008, "activity_lines": [ 16.245781, 16.1761, 15.095757, 14.53075 ] }, { "date": "2024-01-26", "close": 16.116066, "volume": 57187, "typical_volume": 267645.7, "trend": 14.123177, "fair_value": 20.77496, "relative_strength": 6.409555, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.243278, "energy": 32.248564, "activity_lines": [ 16.13441, 16.225056, 15.278537, 14.668157 ] }, { "date": "2024-02-02", "close": 16.646719, "volume": 85124, "typical_volume": 244218.65, "trend": 14.223412, "fair_value": 20.738747, "relative_strength": 10.483164, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.829579, "energy": 34.671967, "activity_lines": [ 16.262815, 16.334045, 15.495383, 14.830966 ] }, { "date": "2024-02-09", "close": 15.644377, "volume": 306655, "typical_volume": 225557.95, "trend": 14.285648, "fair_value": 20.694448, "relative_strength": 5.013665, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.098825, "energy": 27.095337, "activity_lines": [ 16.071518, 16.22184, 15.597957, 14.922641 ] }, { "date": "2024-02-16", "close": 16.253643, "volume": 336716, "typical_volume": 230953.8, "trend": 14.359678, "fair_value": 20.656165, "relative_strength": 7.163627, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.602286, "energy": 27.242563, "activity_lines": [ 16.126549, 16.203973, 15.74068, 15.049608 ] }, { "date": "2024-02-23", "close": 16.175028, "volume": 201925, "typical_volume": 234500.45, "trend": 14.433051, "fair_value": 20.617865, "relative_strength": 5.918403, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.889598, "energy": 25.929192, "activity_lines": [ 16.148823, 16.183604, 15.857761, 15.166728 ] }, { "date": "2024-03-01", "close": 16.410873, "volume": 174678, "typical_volume": 226668.85, "trend": 14.495943, "fair_value": 20.582213, "relative_strength": 6.642107, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.073663, "energy": 28.394891, "activity_lines": [ 16.230059, 16.202186, 15.978865, 15.294329 ] }, { "date": "2024-03-08", "close": 16.941525, "volume": 310191, "typical_volume": 234992.85, "trend": 14.569973, "fair_value": 20.551619, "relative_strength": 9.06119, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.128939, "energy": 37.784133, "activity_lines": [ 16.468524, 16.329042, 16.132913, 15.452109 ] }, { "date": "2024-03-15", "close": 19.044474, "volume": 2558651, "typical_volume": 357748.65, "trend": 14.769786, "fair_value": 20.539059, "relative_strength": 20.145041, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.74851, "energy": 71.007134, "activity_lines": [ 17.388319, 16.836823, 16.463377, 15.740786 ] }, { "date": "2024-03-22", "close": 19.005167, "volume": 636296, "typical_volume": 329589.65, "trend": 14.965668, "fair_value": 20.526382, "relative_strength": 19.392747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.676062, "energy": 80.417918, "activity_lines": [ 18.068339, 17.28743, 16.755562, 16.014037 ] }, { "date": "2024-03-29", "close": 20.489025, "volume": 682379, "typical_volume": 358012.15, "trend": 15.222149, "fair_value": 20.526076, "relative_strength": 28.765583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.553736, "energy": 90.975726, "activity_lines": [ 19.059543, 17.956015, 17.164454, 16.370382 ] }, { "date": "2024-04-05", "close": 19.948545, "volume": 743287, "typical_volume": 390924.0, "trend": 15.4652, "fair_value": 20.521381, "relative_strength": 25.646418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.683694, "energy": 87.648603, "activity_lines": [ 19.582987, 18.442534, 17.487196, 16.675311 ] }, { "date": "2024-04-12", "close": 19.103436, "volume": 617223, "typical_volume": 417013.8, "trend": 15.678771, "fair_value": 20.509946, "relative_strength": 19.833518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.319686, "energy": 79.562485, "activity_lines": [ 19.588883, 18.705715, 17.701656, 16.910036 ] }, { "date": "2024-04-19", "close": 18.572784, "volume": 279972, "typical_volume": 423932.35, "trend": 15.901514, "fair_value": 20.494448, "relative_strength": 16.353868, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.258605, "energy": 55.294013, "activity_lines": [ 19.273768, 18.827747, 17.843677, 17.096746 ] }, { "date": "2024-04-26", "close": 18.926552, "volume": 337475, "typical_volume": 417139.7, "trend": 16.117705, "fair_value": 20.482005, "relative_strength": 15.50633, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.210977, "energy": 44.719274, "activity_lines": [ 19.108021, 18.960857, 18.001141, 17.29191 ] }, { "date": "2024-05-03", "close": 18.671053, "volume": 352746, "typical_volume": 417524.35, "trend": 16.329965, "fair_value": 20.467745, "relative_strength": 14.376218, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.347571, "energy": 30.687842, "activity_lines": [ 18.862349, 18.998913, 18.124632, 17.456642 ] }, { "date": "2024-05-10", "close": 19.801142, "volume": 966368, "typical_volume": 451953.45, "trend": 16.566137, "fair_value": 20.462537, "relative_strength": 16.678148, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.543413, "energy": 35.10671, "activity_lines": [ 19.114572, 19.197058, 18.342836, 17.680589 ] }, { "date": "2024-05-17", "close": 19.850279, "volume": 605810, "typical_volume": 476243.2, "trend": 16.830153, "fair_value": 20.457791, "relative_strength": 17.507894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.498763, "energy": 42.045488, "activity_lines": [ 19.393001, 19.342496, 18.552663, 17.892469 ] }, { "date": "2024-05-24", "close": 19.378588, "volume": 495395, "typical_volume": 495830.9, "trend": 17.083031, "fair_value": 20.44949, "relative_strength": 13.144702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.042709, "energy": 38.372352, "activity_lines": [ 19.464409, 19.349286, 18.703342, 18.056884 ] }, { "date": "2024-05-31", "close": 19.801142, "volume": 313800, "typical_volume": 505937.8, "trend": 17.281861, "fair_value": 20.44454, "relative_strength": 15.786393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.074528, "energy": 42.196502, "activity_lines": [ 19.622949, 19.426829, 18.87957, 18.232246 ] }, { "date": "2024-06-07", "close": 19.299973, "volume": 300648, "typical_volume": 518126.3, "trend": 17.48495, "fair_value": 20.435869, "relative_strength": 11.154224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.507332, "energy": 36.110321, "activity_lines": [ 19.556126, 19.398777, 18.990707, 18.362447 ] }, { "date": "2024-06-14", "close": 18.356594, "volume": 546589, "typical_volume": 542596.4, "trend": 17.626457, "fair_value": 20.420236, "relative_strength": 7.615624, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.345127, "energy": 21.716678, "activity_lines": [ 19.132916, 19.220822, 18.995714, 18.418682 ] }, { "date": "2024-06-21", "close": 17.825941, "volume": 389887, "typical_volume": 557834.55, "trend": 17.737173, "fair_value": 20.400875, "relative_strength": 3.46472, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.207419, "energy": 12.794881, "activity_lines": [ 18.629125, 18.975329, 18.939514, 18.431552 ] }, { "date": "2024-06-28", "close": 18.887243, "volume": 355225, "typical_volume": 560263.05, "trend": 17.875404, "fair_value": 20.389663, "relative_strength": 9.134304, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.146828, "energy": 14.485987, "activity_lines": [ 18.614057, 18.946026, 18.978774, 18.50575 ] }, { "date": "2024-07-05", "close": 19.535816, "volume": 441257, "typical_volume": 565490.1, "trend": 17.963191, "fair_value": 20.383385, "relative_strength": 12.946337, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.0716, "energy": 16.758977, "activity_lines": [ 18.847936, 19.028929, 19.064362, 18.612874 ] }, { "date": "2024-07-12", "close": 20.194218, "volume": 555027, "typical_volume": 583145.2, "trend": 18.10437, "fair_value": 20.382004, "relative_strength": 12.967915, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.230459, "energy": 28.991463, "activity_lines": [ 19.318971, 19.220464, 19.197024, 18.756811 ] }, { "date": "2024-07-19", "close": 18.671053, "volume": 602497, "typical_volume": 604536.15, "trend": 18.15809, "fair_value": 20.369606, "relative_strength": 6.593691, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.503346, "energy": 20.646635, "activity_lines": [ 19.222667, 19.107366, 19.165485, 18.793371 ] }, { "date": "2024-07-26", "close": 18.671053, "volume": 432388, "typical_volume": 610646.0, "trend": 18.218362, "fair_value": 20.357386, "relative_strength": 5.946958, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.799743, "energy": 17.429807, "activity_lines": [ 19.1054, 19.014814, 19.123182, 18.826465 ] }, { "date": "2024-08-02", "close": 18.808628, "volume": 275282, "typical_volume": 496477.55, "trend": 18.302218, "fair_value": 20.346324, "relative_strength": 11.233172, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.544089, "energy": 12.702253, "activity_lines": [ 18.977651, 18.968717, 19.085747, 18.864547 ] }, { "date": "2024-08-09", "close": 18.671053, "volume": 395040, "typical_volume": 484414.75, "trend": 18.386074, "fair_value": 20.334442, "relative_strength": 10.514068, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.462136, "energy": 9.910953, "activity_lines": [ 18.809284, 18.907969, 19.036332, 18.888343 ] }, { "date": "2024-08-16", "close": 19.457201, "volume": 386263, "typical_volume": 469608.95, "trend": 18.505306, "fair_value": 20.328265, "relative_strength": 11.282117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.766777, "energy": 10.236265, "activity_lines": [ 18.960617, 19.010705, 19.063379, 18.957448 ] }, { "date": "2024-08-23", "close": 18.946205, "volume": 274351, "typical_volume": 446162.15, "trend": 18.599644, "fair_value": 20.3186, "relative_strength": 6.866353, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.590882, "energy": 4.688307, "activity_lines": [ 18.990753, 19.017673, 19.046673, 18.985893 ] }, { "date": "2024-08-30", "close": 19.162395, "volume": 404811, "typical_volume": 435541.55, "trend": 18.6835, "fair_value": 20.310571, "relative_strength": 6.107697, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.391724, "energy": 11.897504, "activity_lines": [ 19.074609, 19.053228, 19.05533, 19.022199 ] }, { "date": "2024-09-06", "close": 19.850279, "volume": 470537, "typical_volume": 445069.8, "trend": 18.823697, "fair_value": 20.307396, "relative_strength": 14.319718, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.689455, "energy": 26.868458, "activity_lines": [ 19.355003, 19.189554, 19.129219, 19.097475 ] }, { "date": "2024-09-13", "close": 20.095949, "volume": 397313, "typical_volume": 448061.7, "trend": 18.951774, "fair_value": 20.305948, "relative_strength": 13.033843, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.369372, "energy": 42.035627, "activity_lines": [ 19.647844, 19.353037, 19.220421, 19.179556 ] }, { "date": "2024-09-20", "close": 19.899412, "volume": 606057, "typical_volume": 460727.25, "trend": 19.07592, "fair_value": 20.303182, "relative_strength": 8.924032, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.728818, "energy": 46.695821, "activity_lines": [ 19.780179, 19.470603, 19.287338, 19.240694 ] }, { "date": "2024-09-27", "close": 19.801142, "volume": 1470955, "typical_volume": 485956.6, "trend": 19.188929, "fair_value": 20.29979, "relative_strength": 5.414772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.450924, "energy": 48.82265, "activity_lines": [ 19.850277, 19.575661, 19.339046, 19.287483 ] }, { "date": "2024-10-04", "close": 20.931232, "volume": 2352251, "typical_volume": 573278.65, "trend": 19.321919, "fair_value": 20.304028, "relative_strength": 12.250825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.033612, "energy": 59.466886, "activity_lines": [ 20.240076, 19.865643, 19.498381, 19.399889 ] }, { "date": "2024-10-11", "close": 22.994875, "volume": 1422687, "typical_volume": 619643.25, "trend": 19.453599, "fair_value": 20.321967, "relative_strength": 23.020043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.645817, "energy": 77.637179, "activity_lines": [ 21.199833, 20.489738, 19.849107, 19.636854 ] }, { "date": "2024-10-18", "close": 21.963055, "volume": 489741, "typical_volume": 628440.3, "trend": 19.552195, "fair_value": 20.332835, "relative_strength": 16.402714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.293867, "energy": 77.269812, "activity_lines": [ 21.606011, 20.850116, 20.084344, 19.798755 ] }, { "date": "2024-10-25", "close": 20.636427, "volume": 521340, "typical_volume": 639474.9, "trend": 19.557109, "fair_value": 20.334832, "relative_strength": 8.821733, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.837199, "energy": 69.394702, "activity_lines": [ 21.445506, 20.909435, 20.18294, 19.868705 ] }, { "date": "2024-11-01", "close": 20.390755, "volume": 367309, "typical_volume": 630510.9, "trend": 19.571849, "fair_value": 20.335198, "relative_strength": 8.581412, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.678422, "energy": 52.979927, "activity_lines": [ 21.153975, 20.902646, 20.251775, 19.922489 ] }, { "date": "2024-11-08", "close": 21.520845, "volume": 772224, "typical_volume": 649627.75, "trend": 19.652429, "fair_value": 20.342897, "relative_strength": 13.884759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.367181, "energy": 36.598352, "activity_lines": [ 21.199834, 21.075062, 20.418551, 20.04823 ] }, { "date": "2024-11-15", "close": 19.899412, "volume": 543128, "typical_volume": 659022.9, "trend": 19.69665, "fair_value": 20.340036, "relative_strength": 6.929116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.511487, "energy": 17.859458, "activity_lines": [ 20.665908, 20.909792, 20.41331, 20.064165 ] }, { "date": "2024-11-22", "close": 19.535816, "volume": 354112, "typical_volume": 654665.65, "trend": 19.716959, "fair_value": 20.334881, "relative_strength": 4.461136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.872603, "energy": 15.897439, "activity_lines": [ 20.217147, 20.677521, 20.368621, 20.053788 ] }, { "date": "2024-11-29", "close": 18.270866, "volume": 1594065, "typical_volume": 706617.55, "trend": 19.70362, "fair_value": 20.143337, "relative_strength": -2.473927, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.613492, "energy": 21.456374, "activity_lines": [ 19.508552, 20.225442, 20.203461, 19.960492 ] }, { "date": "2024-12-06", "close": 17.157715, "volume": 1065797, "typical_volume": 729782.55, "trend": 19.615505, "fair_value": 19.938988, "relative_strength": -11.76417, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.265624, "energy": 43.409949, "activity_lines": [ 18.58661, 19.600583, 19.941445, 19.79624 ] }, { "date": "2024-12-13", "close": 15.91953, "volume": 2275209, "typical_volume": 821923.6, "trend": 19.48448, "fair_value": 19.735522, "relative_strength": -16.176801, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.148739, "energy": 68.441827, "activity_lines": [ 17.467477, 18.798661, 19.568713, 19.55779 ] }, { "date": "2024-12-20", "close": 15.978491, "volume": 3649218, "typical_volume": 990620.4, "trend": 19.371144, "fair_value": 19.530543, "relative_strength": -12.926777, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.389068, "energy": 85.575885, "activity_lines": [ 16.741418, 18.098581, 19.214699, 19.331597 ] }, { "date": "2024-12-27", "close": 16.29295, "volume": 577328, "typical_volume": 999734.8, "trend": 19.254204, "fair_value": 19.33073, "relative_strength": -11.655268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.509005, "energy": 82.896034, "activity_lines": [ 16.381573, 17.583247, 18.90411, 19.133004 ] }, { "date": "2025-01-03", "close": 16.155375, "volume": 755907, "typical_volume": 1018217.0, "trend": 19.149384, "fair_value": 19.130036, "relative_strength": -13.020593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.827462, "energy": 83.002236, "activity_lines": [ 16.192062, 17.145991, 18.591743, 18.93308 ] }, { "date": "2025-01-10", "close": 15.467493, "volume": 1299702, "typical_volume": 1069484.55, "trend": 19.053081, "fair_value": 18.948868, "relative_strength": -16.97304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.010672, "energy": 85.309757, "activity_lines": [ 15.914288, 16.66514, 18.229586, 18.695538 ] }, { "date": "2025-01-17", "close": 15.978491, "volume": 1662582, "typical_volume": 1132373.1, "trend": 18.991499, "fair_value": 18.792394, "relative_strength": -17.125894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.839585, "energy": 72.117953, "activity_lines": [ 15.91953, 16.366711, 17.932662, 18.497178 ] }, { "date": "2025-01-24", "close": 16.096413, "volume": 1695810, "typical_volume": 1193636.75, "trend": 18.898472, "fair_value": 18.636676, "relative_strength": -17.985434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.80356, "energy": 63.51752, "activity_lines": [ 15.960147, 16.190492, 17.662129, 18.310398 ] }, { "date": "2025-01-31", "close": 16.116066, "volume": 1457310, "typical_volume": 1246636.6, "trend": 18.78448, "fair_value": 18.493053, "relative_strength": -17.695894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.346547, "energy": 53.712176, "activity_lines": [ 15.999454, 16.086993, 17.411344, 18.130888 ] }, { "date": "2025-02-07", "close": 16.155375, "volume": 1359594, "typical_volume": 1284313.45, "trend": 18.649852, "fair_value": 18.347162, "relative_strength": -16.416869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.521897, "energy": 46.480719, "activity_lines": [ 16.063657, 16.052818, 17.183254, 17.961268 ] }, { "date": "2025-02-14", "close": 16.60741, "volume": 1485445, "typical_volume": 1285037.95, "trend": 18.581064, "fair_value": 18.221176, "relative_strength": -16.381064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.066256, "energy": 41.156315, "activity_lines": [ 16.278538, 16.139294, 17.016044, 17.829498 ] }, { "date": "2025-02-21", "close": 15.428185, "volume": 2818180, "typical_volume": 1308334.4, "trend": 18.472968, "fair_value": 18.087001, "relative_strength": -22.325911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.504861, "energy": 44.622409, "activity_lines": [ 16.024349, 16.021371, 16.751735, 17.626086 ] }, { "date": "2025-02-28", "close": 16.057106, "volume": 1530505, "typical_volume": 1313725.3, "trend": 18.381251, "fair_value": 17.966937, "relative_strength": -19.007304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.465745, "energy": 42.446178, "activity_lines": [ 16.016488, 16.026732, 16.573528, 17.470224 ] }, { "date": "2025-03-07", "close": 14.700997, "volume": 1813141, "typical_volume": 1379895.3, "trend": 18.248915, "fair_value": 17.831881, "relative_strength": -25.690521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.782721, "energy": 55.899411, "activity_lines": [ 15.559211, 15.784097, 16.299205, 17.232788 ] }, { "date": "2025-03-14", "close": 15.546108, "volume": 2800147, "typical_volume": 1493835.65, "trend": 18.118546, "fair_value": 17.687753, "relative_strength": -19.68008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.967762, "energy": 51.752179, "activity_lines": [ 15.477975, 15.724064, 16.13995, 17.058414 ] }, { "date": "2025-03-21", "close": 15.094072, "volume": 991599, "typical_volume": 1525050.15, "trend": 17.990141, "fair_value": 17.561516, "relative_strength": -20.068429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.133481, "energy": 54.033011, "activity_lines": [ 15.286679, 15.59292, 15.961883, 16.863286 ] }, { "date": "2025-03-28", "close": 15.074419, "volume": 1055113, "typical_volume": 1539194.6, "trend": 17.853875, "fair_value": 17.437924, "relative_strength": -16.959988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.700379, "energy": 52.200533, "activity_lines": [ 15.18972, 15.464992, 15.807167, 16.675175 ] }, { "date": "2025-04-04", "close": 15.035111, "volume": 1600387, "typical_volume": 1592057.55, "trend": 17.69337, "fair_value": 17.321136, "relative_strength": -7.580934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.278073, "energy": 46.183895, "activity_lines": [ 15.103244, 15.346355, 15.679405, 16.493319 ] }, { "date": "2025-04-11", "close": 15.349571, "volume": 2153695, "typical_volume": 1682036.7, "trend": 17.535157, "fair_value": 17.218331, "relative_strength": -5.022483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.283087, "energy": 40.107807, "activity_lines": [ 15.189721, 15.304189, 15.604755, 16.342107 ] }, { "date": "2025-04-18", "close": 15.781953, "volume": 542836, "typical_volume": 1629475.25, "trend": 17.397909, "fair_value": 17.135055, "relative_strength": -5.394385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.239236, "energy": 28.951404, "activity_lines": [ 15.377086, 15.354574, 15.591218, 16.228997 ] }, { "date": "2025-04-25", "close": 16.076759, "volume": 691516, "typical_volume": 1610761.2, "trend": 17.273762, "fair_value": 17.054298, "relative_strength": -6.264561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.81643, "energy": 19.938908, "activity_lines": [ 15.646997, 15.465349, 15.61761, 16.143761 ] }, { "date": "2025-05-02", "close": 16.017797, "volume": 825550, "typical_volume": 1538278.25, "trend": 17.109981, "fair_value": 16.986896, "relative_strength": -7.744946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.468657, "energy": 17.710563, "activity_lines": [ 15.831742, 15.575053, 15.643535, 16.062731 ] }, { "date": "2025-05-09", "close": 15.7623, "volume": 1175098, "typical_volume": 1414572.25, "trend": 16.868895, "fair_value": 16.917478, "relative_strength": -8.43905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.179114, "energy": 16.699033, "activity_lines": [ 15.868429, 15.627582, 15.644658, 15.975784 ] }, { "date": "2025-05-16", "close": 15.644377, "volume": 697058, "typical_volume": 1420558.75, "trend": 16.658273, "fair_value": 16.851587, "relative_strength": -12.164701, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.89754, "energy": 11.187447, "activity_lines": [ 15.81733, 15.664031, 15.63558, 15.896783 ] }, { "date": "2025-05-23", "close": 15.153033, "volume": 528410, "typical_volume": 1409183.9, "trend": 16.475493, "fair_value": 16.782421, "relative_strength": -12.40478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.220814, "energy": 18.671611, "activity_lines": [ 15.582795, 15.593992, 15.582795, 15.799671 ] }, { "date": "2025-05-30", "close": 15.506801, "volume": 509124, "typical_volume": 1369655.0, "trend": 16.312695, "fair_value": 16.735555, "relative_strength": -10.608782, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.11612, "energy": 19.341596, "activity_lines": [ 15.508111, 15.595421, 15.568476, 15.737174 ] }, { "date": "2025-06-06", "close": 15.113726, "volume": 1062743, "typical_volume": 1339663.05, "trend": 16.099124, "fair_value": 16.700153, "relative_strength": -13.428416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.168256, "energy": 28.957057, "activity_lines": [ 15.340399, 15.517878, 15.516534, 15.659822 ] }, { "date": "2025-06-13", "close": 15.428185, "volume": 12029597, "typical_volume": 1856352.4, "trend": 15.950083, "fair_value": 16.676909, "relative_strength": -9.177768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.014747, "energy": 31.223283, "activity_lines": [ 15.337778, 15.496795, 15.498658, 15.616535 ] }, { "date": "2025-06-20", "close": 16.076759, "volume": 756349, "typical_volume": 1821304.35, "trend": 15.834781, "fair_value": 16.655365, "relative_strength": -4.782999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.799865, "energy": 9.374226, "activity_lines": [ 15.573623, 15.586488, 15.545734, 15.624708 ] }, { "date": "2025-06-27", "close": 16.371565, "volume": 1326877, "typical_volume": 1819668.5, "trend": 15.771471, "fair_value": 16.635207, "relative_strength": -5.104415, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.593292, "energy": 15.072105, "activity_lines": [ 15.878911, 15.71656, 15.621073, 15.659339 ] }, { "date": "2025-07-04", "close": 16.66637, "volume": 1227792, "typical_volume": 1806785.85, "trend": 15.755093, "fair_value": 16.616058, "relative_strength": -3.367984, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.34065, "energy": 36.876464, "activity_lines": [ 16.201232, 15.889512, 15.72346, 15.717074 ] }, { "date": "2025-07-11", "close": 16.017797, "volume": 792244, "typical_volume": 1705489.05, "trend": 15.758368, "fair_value": 16.601884, "relative_strength": -7.958526, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.698067, "energy": 41.19698, "activity_lines": [ 16.230058, 15.933822, 15.763796, 15.734023 ] }, { "date": "2025-07-18", "close": 15.388878, "volume": 1229120, "typical_volume": 1690419.8, "trend": 15.738715, "fair_value": 16.575805, "relative_strength": -11.325321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.914341, "energy": 24.837805, "activity_lines": [ 15.988972, 15.863784, 15.741429, 15.710185 ] }, { "date": "2025-07-25", "close": 15.722992, "volume": 690965, "typical_volume": 1634311.0, "trend": 15.719716, "fair_value": 16.556529, "relative_strength": -11.169808, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.854846, "energy": 10.033845, "activity_lines": [ 15.861878, 15.861282, 15.754063, 15.709171 ] }, { "date": "2025-08-01", "close": 15.310264, "volume": 935612, "typical_volume": 1541084.25, "trend": 15.691546, "fair_value": 16.530576, "relative_strength": -10.618348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.945706, "energy": 12.361797, "activity_lines": [ 15.620792, 15.78231, 15.722524, 15.682754 ] }, { "date": "2025-08-08", "close": 15.683684, "volume": 908732, "typical_volume": 1536940.9, "trend": 15.698752, "fair_value": 16.488497, "relative_strength": -10.479646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.885469, "energy": 12.084445, "activity_lines": [ 15.574934, 15.768374, 15.727671, 15.682247 ] }, { "date": "2025-08-15", "close": 15.408532, "volume": 494364, "typical_volume": 1508903.45, "trend": 15.679754, "fair_value": 16.466702, "relative_strength": -12.84673, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.778076, "energy": 16.078888, "activity_lines": [ 15.50287, 15.701194, 15.703806, 15.663523 ] }, { "date": "2025-08-22", "close": 15.958837, "volume": 640049, "typical_volume": 1460886.55, "trend": 15.675168, "fair_value": 16.453095, "relative_strength": -10.991473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.954441, "energy": 5.10938, "activity_lines": [ 15.654859, 15.728709, 15.73076, 15.681529 ] }, { "date": "2025-08-29", "close": 15.428185, "volume": 659135, "typical_volume": 1386158.55, "trend": 15.652238, "fair_value": 16.434197, "relative_strength": -11.480712, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.76215, "energy": 6.446203, "activity_lines": [ 15.591967, 15.650094, 15.702776, 15.665594 ] }, { "date": "2025-09-05", "close": 15.310264, "volume": 791174, "typical_volume": 1398575.45, "trend": 15.624068, "fair_value": 16.415111, "relative_strength": -11.632968, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.349908, "energy": 10.281983, "activity_lines": [ 15.509421, 15.561831, 15.663188, 15.643531 ] }, { "date": "2025-09-12", "close": 16.214336, "volume": 3418845, "typical_volume": 1534941.9, "trend": 15.610965, "fair_value": 16.402575, "relative_strength": -6.22953, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.001795, "energy": 16.709042, "activity_lines": [ 15.728233, 15.657241, 15.711948, 15.681613 ] }, { "date": "2025-09-19", "close": 16.60741, "volume": 1298213, "typical_volume": 1558575.05, "trend": 15.650273, "fair_value": 16.408307, "relative_strength": -3.952689, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.732508, "energy": 39.79381, "activity_lines": [ 16.042693, 15.832338, 15.797489, 15.7459 ] }, { "date": "2025-09-26", "close": 15.408532, "volume": 919242, "typical_volume": 1545782.25, "trend": 15.628654, "fair_value": 16.42204, "relative_strength": -10.384335, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.102169, "energy": 18.752158, "activity_lines": [ 15.877601, 15.778737, 15.766043, 15.730304 ] }, { "date": "2025-10-03", "close": 15.074419, "volume": 1359406, "typical_volume": 1578899.65, "trend": 15.641101, "fair_value": 16.438355, "relative_strength": -14.40065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.714914, "energy": 9.968111, "activity_lines": [ 15.637826, 15.664031, 15.704461, 15.694547 ] }, { "date": "2025-10-10", "close": 14.97615, "volume": 1189837, "typical_volume": 1611971.0, "trend": 15.622103, "fair_value": 16.444591, "relative_strength": -13.419602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.124358, "energy": 28.429303, "activity_lines": [ 15.388879, 15.54325, 15.636235, 15.651647 ] }, { "date": "2025-10-17", "close": 15.565763, "volume": 836267, "typical_volume": 1628328.15, "trend": 15.637826, "fair_value": 16.432938, "relative_strength": -9.067642, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.352362, "energy": 23.004195, "activity_lines": [ 15.358743, 15.535746, 15.625004, 15.648012 ] }, { "date": "2025-10-24", "close": 15.270956, "volume": 2813874, "typical_volume": 1715884.7, "trend": 15.644377, "fair_value": 16.419016, "relative_strength": -12.870366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.328196, "energy": 42.998195, "activity_lines": [ 15.273577, 15.476784, 15.585416, 15.624343 ] }, { "date": "2025-10-31", "close": 15.388878, "volume": 1142940, "typical_volume": 1171551.85, "trend": 15.656169, "fair_value": 16.399237, "relative_strength": -10.911471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.307576, "energy": 38.737924, "activity_lines": [ 15.316815, 15.441765, 15.55631, 15.607859 ] }, { "date": "2025-11-07", "close": 14.917189, "volume": 1202630, "typical_volume": 1193865.9, "trend": 15.641756, "fair_value": 16.375992, "relative_strength": -11.766529, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -58.522501, "energy": 35.888832, "activity_lines": [ 15.204133, 15.331347, 15.482468, 15.560183 ] }, { "date": "2025-11-14", "close": 14.81892, "volume": 1093249, "typical_volume": 1182184.5, "trend": 15.609655, "fair_value": 16.361315, "relative_strength": -12.415858, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -59.993669, "energy": 42.199215, "activity_lines": [ 15.069178, 15.212352, 15.404789, 15.507097 ] }, { "date": "2025-11-21", "close": 14.406191, "volume": 1638399, "typical_volume": 1202714.85, "trend": 15.55397, "fair_value": 16.344055, "relative_strength": -12.364659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.953115, "energy": 56.11697, "activity_lines": [ 14.807128, 15.02725, 15.295196, 15.429454 ] }, { "date": "2025-11-28", "close": 14.740305, "volume": 1380871, "typical_volume": 1232146.2, "trend": 15.511387, "fair_value": 16.331456, "relative_strength": -12.629745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.216775, "energy": 56.502794, "activity_lines": [ 14.733754, 14.93577, 15.228186, 15.376959 ] }, { "date": "2025-12-05", "close": 14.543768, "volume": 867558, "typical_volume": 1214068.1, "trend": 15.470769, "fair_value": 16.316842, "relative_strength": -14.594734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.102876, "energy": 56.889649, "activity_lines": [ 14.630244, 14.842505, 15.148541, 15.314532 ] }, { "date": "2025-12-12", "close": 14.465153, "volume": 937574, "typical_volume": 1226398.55, "trend": 15.431461, "fair_value": 16.295865, "relative_strength": -14.587602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.042021, "energy": 56.589326, "activity_lines": [ 14.55687, 14.750668, 15.065434, 15.249654 ] }, { "date": "2025-12-19", "close": 14.445498, "volume": 6368523, "typical_volume": 1498044.1, "trend": 15.407877, "fair_value": 16.269408, "relative_strength": -14.93784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.003676, "energy": 45.365948, "activity_lines": [ 14.50708, 14.666335, 14.986445, 15.186043 ] }, { "date": "2025-12-26", "close": 15.094072, "volume": 2733873, "typical_volume": 1589301.15, "trend": 15.394119, "fair_value": 16.251267, "relative_strength": -11.006192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.342126, "energy": 32.331288, "activity_lines": [ 14.698377, 14.709574, 14.973342, 15.165798 ] }, { "date": "2026-01-02", "close": 15.094072, "volume": 1771170, "typical_volume": 1653141.45, "trend": 15.393464, "fair_value": 16.229345, "relative_strength": -11.656959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.30604, "energy": 20.726093, "activity_lines": [ 14.843814, 14.761388, 14.963047, 15.14644 ] }, { "date": "2026-01-09", "close": 16.273296, "volume": 2991406, "typical_volume": 1770709.3, "trend": 15.421635, "fair_value": 16.208998, "relative_strength": -7.548799, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.827465, "energy": 14.033238, "activity_lines": [ 15.358742, 15.030823, 15.066557, 15.203203 ] }, { "date": "2026-01-16", "close": 16.902218, "volume": 2402436, "typical_volume": 1857874.35, "trend": 15.44915, "fair_value": 16.188463, "relative_strength": -5.847266, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.538385, "energy": 44.38088, "activity_lines": [ 15.968009, 15.398527, 15.228467, 15.298725 ] }, { "date": "2026-01-23", "close": 16.60741, "volume": 2324208, "typical_volume": 1934526.05, "trend": 15.457011, "fair_value": 16.165785, "relative_strength": -6.55018, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.501335, "energy": 60.005104, "activity_lines": [ 16.316535, 15.676538, 15.35528, 15.373451 ] }, { "date": "2026-01-30", "close": 14.681343, "volume": 12431155, "typical_volume": 2385141.55, "trend": 15.390844, "fair_value": 16.135864, "relative_strength": -17.422533, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.058127, "energy": 29.401619, "activity_lines": [ 15.878912, 15.571837, 15.292481, 15.323408 ] }, { "date": "2026-02-06", "close": 14.602729, "volume": 1816892, "typical_volume": 2411075.5, "trend": 15.343675, "fair_value": 16.113438, "relative_strength": -19.958363, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -16.653654, "energy": 14.552796, "activity_lines": [ 15.442599, 15.44784, 15.229496, 15.272562 ] }, { "date": "2026-02-13", "close": 14.583076, "volume": 2683908, "typical_volume": 2499308.8, "trend": 15.316815, "fair_value": 16.082194, "relative_strength": -19.668445, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.67589, "energy": 21.26348, "activity_lines": [ 15.032491, 15.32277, 15.174185, 15.223491 ] }, { "date": "2026-02-20", "close": 14.602729, "volume": 2848829, "typical_volume": 2573779.95, "trend": 15.279473, "fair_value": 16.062855, "relative_strength": -20.814897, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.449897, "energy": 37.882062, "activity_lines": [ 14.741615, 15.20056, 15.124676, 15.177421 ] }, { "date": "2026-02-27", "close": 15.015457, "volume": 1429156, "typical_volume": 2585745.9, "trend": 15.269646, "fair_value": 16.048871, "relative_strength": -19.315082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.848623, "energy": 33.373368, "activity_lines": [ 14.741615, 15.15089, 15.116721, 15.160388 ] }, { "date": "2026-03-06", "close": 14.858228, "volume": 1631913, "typical_volume": 2625528.2, "trend": 15.242131, "fair_value": 16.04295, "relative_strength": -15.179676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.983569, "energy": 36.274859, "activity_lines": [ 14.795336, 15.062269, 15.093604, 15.133845 ] }, { "date": "2026-03-13", "close": 14.425845, "volume": 1538171, "typical_volume": 2561743.05, "trend": 15.209374, "fair_value": 16.043201, "relative_strength": -16.824897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.642998, "energy": 37.040746, "activity_lines": [ 14.693136, 14.899322, 15.032678, 15.081181 ] }, { "date": "2026-03-20", "close": 13.698656, "volume": 1529398, "typical_volume": 2581065.95, "trend": 15.134035, "fair_value": 16.0478, "relative_strength": -16.50296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.975124, "energy": 47.333296, "activity_lines": [ 14.360332, 14.616308, 14.906519, 14.983716 ] }, { "date": "2026-03-27", "close": 13.855887, "volume": 1649903, "typical_volume": 2603429.6, "trend": 15.081625, "fair_value": 16.048493, "relative_strength": -15.211411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.825796, "energy": 54.284729, "activity_lines": [ 14.1389, 14.408693, 14.803384, 14.901254 ] }, { "date": "2026-04-03", "close": 14.445498, "volume": 938073, "typical_volume": 2595670.8, "trend": 15.052799, "fair_value": 16.044083, "relative_strength": -14.144138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.891291, "energy": 50.545938, "activity_lines": [ 14.163795, 14.363668, 14.761456, 14.860214 ] }, { "date": "2026-04-10", "close": 14.740305, "volume": 1154289, "typical_volume": 2571465.3, "trend": 15.003665, "fair_value": 16.043957, "relative_strength": -15.88434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.336314, "energy": 38.109808, "activity_lines": [ 14.324956, 14.411551, 14.749383, 14.840053 ] }, { "date": "2026-04-17", "close": 15.192341, "volume": 1506454, "typical_volume": 2577744.45, "trend": 14.956496, "fair_value": 16.050005, "relative_strength": -14.712182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.463106, "energy": 12.270552, "activity_lines": [ 14.644657, 14.540551, 14.77877, 14.852226 ] }, { "date": "2026-04-24", "close": 14.425845, "volume": 817087, "typical_volume": 2575220.9, "trend": 14.92374, "fair_value": 16.055044, "relative_strength": -16.331657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.873213, "energy": 18.631104, "activity_lines": [ 14.657759, 14.519468, 14.733005, 14.81799 ] }, { "date": "2026-05-01", "close": 14.28, "volume": 659919, "typical_volume": 2561338.15, "trend": 14.897259, "fair_value": 16.056125, "relative_strength": -15.541978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.066389, "energy": 19.749816, "activity_lines": [ 14.573767, 14.474727, 14.673911, 14.776458 ] }, { "date": "2026-05-08", "close": 14.72, "volume": 931279, "typical_volume": 2289475.95, "trend": 14.888721, "fair_value": 16.065822, "relative_strength": -12.813576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.499202, "energy": 15.183167, "activity_lines": [ 14.608168, 14.515853, 14.657604, 14.765022 ] }, { "date": "2026-05-15", "close": 14.86, "volume": 1088984, "typical_volume": 2207231.5, "trend": 14.865196, "fair_value": 16.074904, "relative_strength": -10.511248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.506271, "energy": 12.441253, "activity_lines": [ 14.670935, 14.587805, 14.653323, 14.763169 ] }, { "date": "2026-05-22", "close": 15.38, "volume": 4083204, "typical_volume": 2322833.2, "trend": 14.86883, "fair_value": 16.091855, "relative_strength": -10.222966, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.485619, "energy": 11.859684, "activity_lines": [ 14.899056, 14.754271, 14.699681, 14.796383 ] }, { "date": "2026-05-29", "close": 15.36, "volume": 1645541, "typical_volume": 2255539.95, "trend": 14.867868, "fair_value": 16.110064, "relative_strength": -9.689672, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.149545, "energy": 21.422586, "activity_lines": [ 15.108, 14.899752, 14.742772, 14.828071 ] }, { "date": "2026-06-05", "close": 14.7, "volume": 403730, "typical_volume": 2155604.65, "trend": 14.860628, "fair_value": 16.134877, "relative_strength": -12.572522, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 8.361359, "energy": 17.089649, "activity_lines": [ 15.034667, 14.895027, 14.727355, 14.817241 ] }, { "date": "2026-06-12", "close": 14.46, "volume": 134538, "typical_volume": 2046121.15, "trend": 14.848664, "fair_value": 16.152482, "relative_strength": -13.419207, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -1.259189, "energy": 6.55089, "activity_lines": [ 14.853333, 14.831319, 14.699567, 14.791394 ] }, { "date": "2026-06-19", "close": 14.16, "volume": 1084389, "typical_volume": 1478782.85, "trend": 14.840458, "fair_value": 16.170179, "relative_strength": -16.316608, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.379438, "energy": 20.764205, "activity_lines": [ 14.589333, 14.712801, 14.653434, 14.746964 ] }, { "date": "2026-06-26", "close": 13.92, "volume": 142829, "typical_volume": 1395079.7, "trend": 14.813114, "fair_value": 16.182433, "relative_strength": -16.440992, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.994391, "energy": 45.150891, "activity_lines": [ 14.292, 14.561197, 14.586927, 14.687579 ] }, { "date": "2026-07-03", "close": 14.26, "volume": 243462, "typical_volume": 1273057.4, "trend": 14.803655, "fair_value": 16.186409, "relative_strength": -16.180414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.487536, "energy": 50.741169, "activity_lines": [ 14.205333, 14.494545, 14.556051, 14.651895 ] }, { "date": "2026-07-10", "close": 13.96, "volume": 922247, "typical_volume": 1176728.3, "trend": 14.786817, "fair_value": 16.18758, "relative_strength": -15.566605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.138334, "energy": 60.284613, "activity_lines": [ 14.092, 14.376364, 14.498143, 14.597465 ] }, { "date": "2026-07-17", "close": 13.42, "volume": 734216, "typical_volume": 1141981.3, "trend": 14.752634, "fair_value": 16.183652, "relative_strength": -17.494944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.37494, "energy": 69.864556, "activity_lines": [ 13.848, 14.165818, 14.391866, 14.509284 ] }, { "date": "2026-07-24", "close": 13.78, "volume": 859393, "typical_volume": 1103355.3, "trend": 14.708831, "fair_value": 16.18241, "relative_strength": -16.138035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.498213, "energy": 59.709135, "activity_lines": [ 13.793333, 14.044364, 14.327473, 14.446533 ] }, { "date": "2026-07-31", "close": 14.42, "volume": 1165372, "typical_volume": 1084715.35, "trend": 14.686362, "fair_value": 16.181743, "relative_strength": -12.999709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.664206, "energy": 39.146889, "activity_lines": [ 13.977333, 14.058909, 14.329166, 14.427899 ] }, { "date": "2026-08-07", "close": 14.4, "volume": 731332, "typical_volume": 1044812.05, "trend": 14.623919, "fair_value": 16.179687, "relative_strength": -14.294536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.364314, "energy": 26.148411, "activity_lines": [ 14.121333, 14.087273, 14.328983, 14.409424 ] } ], "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." } } }