{ "ticker": { "uuid": "15622e0d-8905-451d-b1c1-2b1705939e9d", "symbol": "HATHWAY", "name": "Hathway Cable and Datacom Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 57.998, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 21.592, "architecture_energy": 15.994, "architecture_maturity": 17.632, "architecture_confidence": 79.064, "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": 63.92, "rotation_up": 20.07, "upward_expansion": 45.82, "deceleration": 90.59, "rotation_down": 35.44, "downward_expansion": 25.48 }, "activity_lines": [ 10.870667, 11.056545, 11.011381, 10.894903 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 10.91, "trend_reference": 10.827333, "distance_from_trend": 0.007635, "trend_direction": "Weakening", "fair_value": 16.532372, "distance_from_fair_value": -0.340083, "fair_value_direction": "Improving", "relative_strength": -8.355772, "relative_strength_direction": "Improving", "price_momentum": -0.027629, "excess_performance": 0.01608, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007635, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.047923, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.340083, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.00319, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.083558, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.042796, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.027629, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.430321, "read": "Demand-led" } ], "volume": { "latest": 5862662, "relative_activity": 0.580503, "balance": 2.430321, "dry_up": 0.716902, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.070507, "annualized_volatility": 0.373866, "from_high_reference": -0.28459, "from_low_reference": 0.245434 }, "levels": { "trend_reference": 10.827333, "fair_value_reference": 16.532372, "structural_low": 8.76, "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": 21, "median_return": -0.031847, "positive_rate": 0.380952, "directional_follow_through": 0.380952, "median_excess_return": -0.040452, "regime_survival": 0.52381, "best_return": 0.101932, "worst_return": -0.207619, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.08359, "positive_rate": 0.111111, "directional_follow_through": 0.111111, "median_excess_return": -0.129322, "regime_survival": 0.333333, "best_return": 0.116953, "worst_return": -0.251445, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.217911, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.24628, "regime_survival": 0.166667, "best_return": 0.023587, "worst_return": -0.341815, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.32629, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.383025, "regime_survival": 0.0, "best_return": 0.047887, "worst_return": -0.4, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-22", "end": "2024-03-29", "tenure": "New", "return": -0.036855, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-05", "end": "2024-05-03", "tenure": "Developing", "return": -0.004525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-07-26", "tenure": "Developing", "return": 0.15, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": -0.058518, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-10-11", "tenure": "Developing", "return": -0.03274, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2025-05-30", "tenure": "Extended", "return": -0.193955, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": -0.013487, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": -0.112546, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-10-17", "tenure": "Developing", "return": -0.057183, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.002905, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-05-08", "tenure": "Extended", "return": -0.169415, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-26", "tenure": "Developing", "return": 0.14439, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.021239, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.013941, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.549999, "volume": 23697528, "typical_volume": 18965227.65, "trend": 14.736667, "fair_value": 21.551282, "relative_strength": -0.393287, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.444444, "energy": 67.389407, "activity_lines": [ 16.243333, 15.879091, 15.226905, 14.886236 ] }, { "date": "2023-08-25", "close": 16.65, "volume": 32748006, "typical_volume": 20250728.1, "trend": 14.768333, "fair_value": 21.430449, "relative_strength": 0.653866, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.565441, "energy": 66.774056, "activity_lines": [ 16.446666, 16.061818, 15.416428, 15.009677 ] }, { "date": "2023-09-01", "close": 16.9, "volume": 32751144, "typical_volume": 21161017.05, "trend": 14.805, "fair_value": 21.309615, "relative_strength": 1.64391, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.3602, "energy": 68.683959, "activity_lines": [ 16.646666, 16.267273, 15.615476, 15.147204 ] }, { "date": "2023-09-08", "close": 18.6, "volume": 68683719, "typical_volume": 23763326.1, "trend": 14.9, "fair_value": 21.211538, "relative_strength": 9.837835, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.494198, "energy": 82.095761, "activity_lines": [ 17.343333, 16.753636, 15.960238, 15.392043 ] }, { "date": "2023-09-15", "close": 18.1, "volume": 50108626, "typical_volume": 25754843.0, "trend": 14.973333, "fair_value": 21.117628, "relative_strength": 5.168581, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.436184, "energy": 77.209654, "activity_lines": [ 17.696667, 17.078182, 16.23119, 15.598495 ] }, { "date": "2023-09-22", "close": 19.15, "volume": 152348079, "typical_volume": 32805204.65, "trend": 15.105, "fair_value": 21.05, "relative_strength": 14.212228, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.011218, "energy": 76.416764, "activity_lines": [ 18.293333, 17.546364, 16.579762, 15.867957 ] }, { "date": "2023-09-29", "close": 20.0, "volume": 111179888, "typical_volume": 37900546.05, "trend": 15.265, "fair_value": 20.986859, "relative_strength": 19.301752, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.865177, "energy": 80.712294, "activity_lines": [ 19.0, 18.099091, 16.983095, 16.183763 ] }, { "date": "2023-10-06", "close": 20.6, "volume": 96597033, "typical_volume": 42367597.55, "trend": 15.451667, "fair_value": 20.915705, "relative_strength": 22.522981, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.625864, "energy": 77.954559, "activity_lines": [ 19.683333, 18.676364, 17.413809, 16.527957 ] }, { "date": "2023-10-13", "close": 20.299999, "volume": 95197737, "typical_volume": 46521737.05, "trend": 15.661667, "fair_value": 20.844551, "relative_strength": 19.920631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.251422, "energy": 67.061115, "activity_lines": [ 20.02, 19.112727, 17.780952, 16.840753 ] }, { "date": "2023-10-20", "close": 19.4, "volume": 48961139, "typical_volume": 48028505.3, "trend": 15.861667, "fair_value": 20.773718, "relative_strength": 15.590274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.967185, "energy": 57.205837, "activity_lines": [ 19.943333, 19.306363, 18.030476, 17.081935 ] }, { "date": "2023-10-27", "close": 18.4, "volume": 47904037, "typical_volume": 49398338.8, "trend": 16.043333, "fair_value": 20.709615, "relative_strength": 12.288016, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.553902, "energy": 45.391485, "activity_lines": [ 19.446666, 19.265454, 18.161667, 17.245699 ] }, { "date": "2023-11-03", "close": 18.4, "volume": 26784143, "typical_volume": 48921578.5, "trend": 16.201667, "fair_value": 20.652564, "relative_strength": 11.041429, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.118256, "energy": 30.601777, "activity_lines": [ 19.0, 19.190909, 18.273333, 17.397742 ] }, { "date": "2023-11-10", "close": 18.950001, "volume": 41248981, "typical_volume": 49677994.95, "trend": 16.383333, "fair_value": 20.593269, "relative_strength": 12.966671, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.980358, "energy": 22.736119, "activity_lines": [ 18.843334, 19.184546, 18.423095, 17.575054 ] }, { "date": "2023-11-17", "close": 19.9, "volume": 71943502, "typical_volume": 52938346.65, "trend": 16.61, "fair_value": 20.517628, "relative_strength": 16.396186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.320861, "energy": 25.346477, "activity_lines": [ 19.113334, 19.313636, 18.64619, 17.801935 ] }, { "date": "2023-11-24", "close": 20.15, "volume": 50445394, "typical_volume": 54306507.2, "trend": 16.835, "fair_value": 20.45, "relative_strength": 17.112574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.692388, "energy": 34.200407, "activity_lines": [ 19.493334, 19.464546, 18.868333, 18.030323 ] }, { "date": "2023-12-01", "close": 19.75, "volume": 48626587, "typical_volume": 56097586.3, "trend": 17.038333, "fair_value": 20.363141, "relative_strength": 11.992688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.466109, "energy": 35.153149, "activity_lines": [ 19.69, 19.505455, 19.030238, 18.218387 ] }, { "date": "2023-12-08", "close": 19.65, "volume": 88912597, "typical_volume": 58584812.15, "trend": 17.235, "fair_value": 20.267308, "relative_strength": 7.635964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.767102, "energy": 35.826881, "activity_lines": [ 19.763333, 19.517273, 19.161429, 18.386882 ] }, { "date": "2023-12-15", "close": 20.35, "volume": 87969084, "typical_volume": 61923250.45, "trend": 17.471667, "fair_value": 20.191346, "relative_strength": 9.120174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.984295, "energy": 38.126613, "activity_lines": [ 19.986667, 19.662727, 19.33881, 18.587849 ] }, { "date": "2023-12-22", "close": 22.049999, "volume": 185673835, "typical_volume": 69975821.65, "trend": 17.753333, "fair_value": 20.116667, "relative_strength": 18.477812, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.086773, "energy": 57.868717, "activity_lines": [ 20.683333, 20.121818, 19.656667, 18.883226 ] }, { "date": "2023-12-29", "close": 21.200001, "volume": 52826422, "typical_volume": 70730374.05, "trend": 17.975, "fair_value": 20.040705, "relative_strength": 11.858885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.917336, "energy": 56.806271, "activity_lines": [ 20.953333, 20.394546, 19.864524, 19.105591 ] }, { "date": "2024-01-05", "close": 23.25, "volume": 104661769, "typical_volume": 74778586.1, "trend": 18.273333, "fair_value": 19.973718, "relative_strength": 22.477946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.978593, "energy": 75.581214, "activity_lines": [ 21.836667, 21.007273, 20.245238, 19.445914 ] }, { "date": "2024-01-12", "close": 24.1, "volume": 224906269, "typical_volume": 84386499.25, "trend": 18.563333, "fair_value": 19.907372, "relative_strength": 25.442217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.006616, "energy": 82.531129, "activity_lines": [ 22.77, 21.686364, 20.675, 19.821828 ] }, { "date": "2024-01-19", "close": 24.049999, "volume": 106652501, "typical_volume": 88081567.1, "trend": 18.853333, "fair_value": 19.861538, "relative_strength": 26.166799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.464072, "energy": 78.779614, "activity_lines": [ 23.39, 22.252727, 21.064524, 20.175806 ] }, { "date": "2024-01-26", "close": 23.200001, "volume": 46648696, "typical_volume": 86979815.95, "trend": 19.136667, "fair_value": 19.816346, "relative_strength": 22.724319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.967078, "energy": 72.734228, "activity_lines": [ 23.48, 22.571818, 21.339048, 20.456237 ] }, { "date": "2024-02-02", "close": 24.0, "volume": 69130418, "typical_volume": 87930905.55, "trend": 19.42, "fair_value": 19.77532, "relative_strength": 23.472588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.990405, "energy": 61.518893, "activity_lines": [ 23.76, 22.976364, 21.667857, 20.77 ] }, { "date": "2024-02-09", "close": 25.15, "volume": 216680488, "typical_volume": 91147526.0, "trend": 19.748333, "fair_value": 19.741667, "relative_strength": 29.051981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.48675, "energy": 54.501527, "activity_lines": [ 24.236667, 23.52, 22.078095, 21.139677 ] }, { "date": "2024-02-16", "close": 24.75, "volume": 69436287, "typical_volume": 89060345.95, "trend": 20.061667, "fair_value": 19.707692, "relative_strength": 24.875984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.932673, "energy": 49.32238, "activity_lines": [ 24.453333, 23.892727, 22.421667, 21.462366 ] }, { "date": "2024-02-23", "close": 23.950001, "volume": 50648149, "typical_volume": 86762901.75, "trend": 20.331667, "fair_value": 19.670513, "relative_strength": 19.373046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.06735, "energy": 44.210282, "activity_lines": [ 24.36, 24.027273, 22.666429, 21.713226 ] }, { "date": "2024-03-01", "close": 22.65, "volume": 35353711, "typical_volume": 83770700.45, "trend": 20.555, "fair_value": 19.617949, "relative_strength": 11.899064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.798446, "energy": 32.118344, "activity_lines": [ 23.84, 23.86, 22.771429, 21.862796 ] }, { "date": "2024-03-08", "close": 22.15, "volume": 27095254, "typical_volume": 82677406.2, "trend": 20.743333, "fair_value": 19.55641, "relative_strength": 8.392159, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.442982, "energy": 20.895836, "activity_lines": [ 23.19, 23.590909, 22.817619, 21.965699 ] }, { "date": "2024-03-15", "close": 20.35, "volume": 56119919, "typical_volume": 83088200.3, "trend": 20.87, "fair_value": 19.498077, "relative_strength": 1.483669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.897174, "energy": 15.056237, "activity_lines": [ 22.063333, 22.977273, 22.679286, 21.940323 ] }, { "date": "2024-03-22", "close": 20.35, "volume": 40109686, "typical_volume": 83754477.45, "trend": 20.993333, "fair_value": 19.464103, "relative_strength": 0.869267, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.211138, "energy": 16.836101, "activity_lines": [ 21.256667, 22.416364, 22.531667, 21.906774 ] }, { "date": "2024-03-29", "close": 19.6, "volume": 22790741, "typical_volume": 82831565.45, "trend": 21.083333, "fair_value": 19.427244, "relative_strength": -4.116091, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.868181, "energy": 30.698734, "activity_lines": [ 20.493333, 21.787273, 22.303333, 21.816882 ] }, { "date": "2024-04-05", "close": 22.1, "volume": 44752122, "typical_volume": 81471996.45, "trend": 21.2, "fair_value": 19.414744, "relative_strength": 6.754998, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.821232, "energy": 23.649389, "activity_lines": [ 20.853333, 21.693636, 22.31, 21.882473 ] }, { "date": "2024-04-12", "close": 21.5, "volume": 21644802, "typical_volume": 80031966.85, "trend": 21.313333, "fair_value": 19.404487, "relative_strength": 3.403276, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.891527, "energy": 22.700543, "activity_lines": [ 21.05, 21.510909, 22.249048, 21.901828 ] }, { "date": "2024-04-19", "close": 22.1, "volume": 52738004, "typical_volume": 80237537.7, "trend": 21.411667, "fair_value": 19.407372, "relative_strength": 7.506159, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.077464, "energy": 11.788894, "activity_lines": [ 21.49, 21.482727, 22.23881, 21.952581 ] }, { "date": "2024-04-26", "close": 22.200001, "volume": 53353576, "typical_volume": 78459586.65, "trend": 21.485, "fair_value": 19.399359, "relative_strength": 6.131624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.910743, "energy": 14.670212, "activity_lines": [ 21.846667, 21.528182, 22.226905, 22.003441 ] }, { "date": "2024-05-03", "close": 22.0, "volume": 21985333, "typical_volume": 75160399.1, "trend": 21.531667, "fair_value": 19.391026, "relative_strength": 4.433024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.917279, "energy": 14.660081, "activity_lines": [ 22.013334, 21.583637, 22.18381, 22.036667 ] }, { "date": "2024-05-10", "close": 20.799999, "volume": 31626962, "typical_volume": 67458055.45, "trend": 21.548333, "fair_value": 19.379167, "relative_strength": 0.22434, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.946723, "energy": 4.708612, "activity_lines": [ 21.62, 21.456364, 22.018571, 21.989462 ] }, { "date": "2024-05-17", "close": 21.15, "volume": 24794812, "typical_volume": 66056474.95, "trend": 21.606667, "fair_value": 19.353846, "relative_strength": -0.38782, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.308544, "energy": 8.089561, "activity_lines": [ 21.43, 21.426364, 21.892619, 21.963763 ] }, { "date": "2024-05-24", "close": 21.4, "volume": 24330310, "typical_volume": 62039902.0, "trend": 21.706667, "fair_value": 19.326282, "relative_strength": -1.759862, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.031206, "energy": 13.993119, "activity_lines": [ 21.346667, 21.46, 21.790714, 21.95043 ] }, { "date": "2024-05-31", "close": 20.450001, "volume": 21258747, "typical_volume": 51857525.9, "trend": 21.775, "fair_value": 19.291346, "relative_strength": -4.581407, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.588511, "energy": 31.466736, "activity_lines": [ 20.993334, 21.301818, 21.607143, 21.869355 ] }, { "date": "2024-06-07", "close": 20.700001, "volume": 27330576, "typical_volume": 47891429.65, "trend": 21.833333, "fair_value": 19.248718, "relative_strength": -6.787614, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.213363, "energy": 39.700929, "activity_lines": [ 20.840001, 21.187273, 21.464762, 21.8 ] }, { "date": "2024-06-14", "close": 22.200001, "volume": 41990847, "typical_volume": 47658537.2, "trend": 21.91, "fair_value": 19.224679, "relative_strength": -1.03611, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.07972, "energy": 22.335475, "activity_lines": [ 21.273334, 21.325455, 21.481191, 21.823656 ] }, { "date": "2024-06-21", "close": 22.73, "volume": 38742044, "typical_volume": 46139118.5, "trend": 21.996, "fair_value": 19.202436, "relative_strength": 0.879595, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.245321, "energy": 5.364494, "activity_lines": [ 21.790001, 21.558182, 21.552857, 21.876559 ] }, { "date": "2024-06-28", "close": 21.780001, "volume": 25492466, "typical_volume": 36579717.4, "trend": 22.063667, "fair_value": 19.177949, "relative_strength": -5.654735, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.202998, "energy": 12.085013, "activity_lines": [ 21.884667, 21.595819, 21.540096, 21.862624 ] }, { "date": "2024-07-05", "close": 22.809999, "volume": 67796030, "typical_volume": 36497704.55, "trend": 22.169, "fair_value": 19.144679, "relative_strength": -2.730064, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.531887, "energy": 19.406981, "activity_lines": [ 22.297333, 21.826546, 21.641476, 21.910774 ] }, { "date": "2024-07-12", "close": 23.02, "volume": 40950459, "typical_volume": 36012820.05, "trend": 22.258, "fair_value": 19.120449, "relative_strength": -2.854055, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.630627, "energy": 29.352596, "activity_lines": [ 22.622667, 22.084364, 21.772095, 21.965678 ] }, { "date": "2024-07-19", "close": 22.799999, "volume": 106935015, "typical_volume": 39591885.25, "trend": 22.283, "fair_value": 19.100577, "relative_strength": -4.184892, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.554156, "energy": 30.093585, "activity_lines": [ 22.72, 22.283636, 21.886191, 22.000645 ] }, { "date": "2024-07-26", "close": 23.92, "volume": 50859380, "typical_volume": 40780091.55, "trend": 22.373667, "fair_value": 19.086923, "relative_strength": -1.015331, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.93044, "energy": 39.622331, "activity_lines": [ 23.150666, 22.650182, 22.106238, 22.106258 ] }, { "date": "2024-08-02", "close": 23.07, "volume": 44991474, "typical_volume": 40223669.3, "trend": 22.367667, "fair_value": 19.069744, "relative_strength": -4.299887, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.236804, "energy": 30.97462, "activity_lines": [ 23.218666, 22.811818, 22.236905, 22.151183 ] }, { "date": "2024-08-09", "close": 21.719999, "volume": 44027489, "typical_volume": 40419559.45, "trend": 22.288333, "fair_value": 19.048397, "relative_strength": -8.680912, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.641607, "energy": 13.634014, "activity_lines": [ 22.750666, 22.697636, 22.226048, 22.109398 ] }, { "date": "2024-08-16", "close": 20.77, "volume": 22840543, "typical_volume": 40422049.55, "trend": 22.179, "fair_value": 19.035705, "relative_strength": -13.274637, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.365154, "energy": 7.392857, "activity_lines": [ 22.038666, 22.387636, 22.11819, 22.011441 ] }, { "date": "2024-08-23", "close": 21.360001, "volume": 31109119, "typical_volume": 39739899.4, "trend": 22.117667, "fair_value": 19.025192, "relative_strength": -11.817803, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.990884, "energy": 14.034878, "activity_lines": [ 21.673333, 22.183636, 22.060952, 21.958602 ] }, { "date": "2024-08-30", "close": 21.110001, "volume": 34847032, "typical_volume": 40400010.9, "trend": 22.021333, "fair_value": 19.008269, "relative_strength": -14.219433, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.308978, "energy": 29.896696, "activity_lines": [ 21.320667, 21.949455, 21.983429, 21.893592 ] }, { "date": "2024-09-06", "close": 20.559999, "volume": 21495488, "typical_volume": 38837885.1, "trend": 21.868333, "fair_value": 18.988462, "relative_strength": -14.977941, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.804663, "energy": 42.530551, "activity_lines": [ 20.972, 21.644727, 21.855381, 21.799312 ] }, { "date": "2024-09-13", "close": 21.280001, "volume": 34365833, "typical_volume": 37888497.95, "trend": 21.752667, "fair_value": 18.969744, "relative_strength": -13.653325, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.674394, "energy": 29.575801, "activity_lines": [ 21.030667, 21.493091, 21.803238, 21.761355 ] }, { "date": "2024-09-20", "close": 20.83, "volume": 33756554, "typical_volume": 38477059.0, "trend": 21.648667, "fair_value": 18.948782, "relative_strength": -16.629679, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.26048, "energy": 24.879511, "activity_lines": [ 20.968667, 21.287455, 21.712619, 21.701828 ] }, { "date": "2024-09-27", "close": 20.52, "volume": 17305493, "typical_volume": 37760985.55, "trend": 21.577667, "fair_value": 18.919744, "relative_strength": -18.709126, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.273132, "energy": 28.909934, "activity_lines": [ 20.799333, 21.065273, 21.598048, 21.629011 ] }, { "date": "2024-10-04", "close": 20.040001, "volume": 17756961, "typical_volume": 37409093.0, "trend": 21.507333, "fair_value": 18.879936, "relative_strength": -16.503982, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.287706, "energy": 32.089481, "activity_lines": [ 20.526, 20.797273, 21.439095, 21.529807 ] }, { "date": "2024-10-11", "close": 20.09, "volume": 16661514, "typical_volume": 37025653.2, "trend": 21.498667, "fair_value": 18.836603, "relative_strength": -15.750212, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.176971, "energy": 47.33645, "activity_lines": [ 20.340667, 20.608909, 21.290191, 21.438366 ] }, { "date": "2024-10-18", "close": 19.85, "volume": 27493698, "typical_volume": 37337400.75, "trend": 21.482, "fair_value": 18.810641, "relative_strength": -16.059676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.191152, "energy": 55.312168, "activity_lines": [ 20.106667, 20.431091, 21.124667, 21.332 ] }, { "date": "2024-10-25", "close": 18.08, "volume": 13278510, "typical_volume": 36634797.45, "trend": 21.431333, "fair_value": 18.786795, "relative_strength": -21.067536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.53413, "energy": 75.03364, "activity_lines": [ 19.378, 19.965455, 20.793429, 21.112516 ] }, { "date": "2024-11-01", "close": 19.77, "volume": 9839718, "typical_volume": 35027241.0, "trend": 21.353667, "fair_value": 18.780192, "relative_strength": -13.877522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.114475, "energy": 62.352751, "activity_lines": [ 19.396, 19.856, 20.635619, 21.005333 ] }, { "date": "2024-11-08", "close": 19.219999, "volume": 10248786, "typical_volume": 33602578.1, "trend": 21.277667, "fair_value": 18.770705, "relative_strength": -15.422746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.720944, "energy": 63.768855, "activity_lines": [ 19.280666, 19.675454, 20.437, 20.867677 ] }, { "date": "2024-11-15", "close": 18.33, "volume": 8059134, "typical_volume": 32730911.5, "trend": 21.152, "fair_value": 18.757436, "relative_strength": -16.839279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.87116, "energy": 69.590062, "activity_lines": [ 18.923333, 19.367454, 20.170333, 20.677505 ] }, { "date": "2024-11-22", "close": 18.17, "volume": 8169070, "typical_volume": 29749563.5, "trend": 21.017667, "fair_value": 18.741859, "relative_strength": -18.42467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.439518, "energy": 59.866289, "activity_lines": [ 18.63, 19.070909, 19.904857, 20.485118 ] }, { "date": "2024-11-29", "close": 17.280001, "volume": 65180536, "typical_volume": 30961067.35, "trend": 20.860333, "fair_value": 18.718974, "relative_strength": -22.72796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.822236, "energy": 65.717101, "activity_lines": [ 18.152, 18.669091, 19.576714, 20.243979 ] }, { "date": "2024-12-06", "close": 18.07, "volume": 18862012, "typical_volume": 26557417.2, "trend": 20.769333, "fair_value": 18.687372, "relative_strength": -20.648075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.54526, "energy": 58.396874, "activity_lines": [ 17.990667, 18.475455, 19.351143, 20.063957 ] }, { "date": "2024-12-13", "close": 17.6, "volume": 15372432, "typical_volume": 24783069.8, "trend": 20.651, "fair_value": 18.665577, "relative_strength": -22.610828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.802521, "energy": 56.298741, "activity_lines": [ 17.786, 18.240909, 19.103333, 19.859484 ] }, { "date": "2024-12-20", "close": 16.610001, "volume": 14168588, "typical_volume": 23241925.5, "trend": 20.491333, "fair_value": 18.636474, "relative_strength": -22.77623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.521278, "energy": 63.377462, "activity_lines": [ 17.359334, 17.870728, 18.791334, 19.598774 ] }, { "date": "2024-12-27", "close": 15.56, "volume": 37511541, "typical_volume": 22916128.1, "trend": 20.328333, "fair_value": 18.595833, "relative_strength": -27.85406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.242224, "energy": 68.7392, "activity_lines": [ 16.697334, 17.372909, 18.410095, 19.280624 ] }, { "date": "2025-01-03", "close": 16.33, "volume": 26077737, "typical_volume": 23077987.8, "trend": 20.182667, "fair_value": 18.560449, "relative_strength": -24.259215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.929592, "energy": 63.193692, "activity_lines": [ 16.466, 17.093091, 18.131524, 19.022667 ] }, { "date": "2025-01-10", "close": 15.2, "volume": 17571908, "typical_volume": 22401127.25, "trend": 19.949333, "fair_value": 18.509487, "relative_strength": -27.069688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.296999, "energy": 73.165932, "activity_lines": [ 15.921333, 16.639637, 17.766476, 18.701204 ] }, { "date": "2025-01-17", "close": 15.09, "volume": 26029865, "typical_volume": 21960268.9, "trend": 19.694667, "fair_value": 18.465833, "relative_strength": -26.14752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.207584, "energy": 71.135762, "activity_lines": [ 15.531333, 16.249273, 17.420286, 18.387699 ] }, { "date": "2025-01-24", "close": 15.18, "volume": 19952104, "typical_volume": 21883099.7, "trend": 19.474667, "fair_value": 18.421474, "relative_strength": -24.643694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.732256, "energy": 66.698203, "activity_lines": [ 15.338667, 15.950364, 17.111333, 18.09643 ] }, { "date": "2025-01-31", "close": 15.03, "volume": 14894546, "typical_volume": 20909535.35, "trend": 19.215333, "fair_value": 18.37391, "relative_strength": -25.960319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.277484, "energy": 70.069051, "activity_lines": [ 15.191333, 15.681455, 16.813714, 17.809678 ] }, { "date": "2025-02-07", "close": 14.7, "volume": 43334518, "typical_volume": 21388433.55, "trend": 18.938, "fair_value": 18.329038, "relative_strength": -26.880263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.116072, "energy": 55.83678, "activity_lines": [ 14.969333, 15.409636, 16.514429, 17.518366 ] }, { "date": "2025-02-14", "close": 13.94, "volume": 23405379, "typical_volume": 21693427.85, "trend": 18.642667, "fair_value": 18.293077, "relative_strength": -27.916765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.59968, "energy": 57.667397, "activity_lines": [ 14.602667, 15.046545, 16.171952, 17.195914 ] }, { "date": "2025-02-21", "close": 14.17, "volume": 19417588, "typical_volume": 21776459.2, "trend": 18.317667, "fair_value": 18.268205, "relative_strength": -25.523426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.555719, "energy": 53.415126, "activity_lines": [ 14.396667, 14.800364, 15.882714, 16.907355 ] }, { "date": "2025-02-28", "close": 13.22, "volume": 11354823, "typical_volume": 21511124.65, "trend": 17.989333, "fair_value": 18.236282, "relative_strength": -27.715088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.375403, "energy": 62.113896, "activity_lines": [ 13.935333, 14.443818, 15.530952, 16.578473 ] }, { "date": "2025-03-07", "close": 14.17, "volume": 18957714, "typical_volume": 21084325.45, "trend": 17.737667, "fair_value": 18.206282, "relative_strength": -23.354827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.666079, "energy": 53.854097, "activity_lines": [ 13.921333, 14.321636, 15.302381, 16.332065 ] }, { "date": "2025-03-14", "close": 13.2, "volume": 12143449, "typical_volume": 21027572.4, "trend": 17.485333, "fair_value": 18.169744, "relative_strength": -27.537577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.031634, "energy": 55.214278, "activity_lines": [ 13.641333, 14.048364, 15.008476, 16.039312 ] }, { "date": "2025-03-21", "close": 13.71, "volume": 16862831, "typical_volume": 21378728.05, "trend": 17.230333, "fair_value": 18.13968, "relative_strength": -27.235908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.147985, "energy": 50.214651, "activity_lines": [ 13.631333, 13.924727, 14.786381, 15.795742 ] }, { "date": "2025-03-28", "close": 13.0, "volume": 30827746, "typical_volume": 22407676.05, "trend": 16.96, "fair_value": 18.101859, "relative_strength": -30.96484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.753452, "energy": 52.420861, "activity_lines": [ 13.4, 13.699091, 14.525524, 15.522817 ] }, { "date": "2025-04-04", "close": 12.99, "volume": 13334310, "typical_volume": 22671434.85, "trend": 16.707667, "fair_value": 18.054359, "relative_strength": -28.453758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.07283, "energy": 53.005554, "activity_lines": [ 13.243333, 13.509636, 14.293333, 15.266688 ] }, { "date": "2025-04-11", "close": 13.04, "volume": 11350418, "typical_volume": 22830502.25, "trend": 16.433, "fair_value": 18.013269, "relative_strength": -27.262819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.080566, "energy": 49.654528, "activity_lines": [ 13.118667, 13.369091, 14.091333, 15.030065 ] }, { "date": "2025-04-18", "close": 13.92, "volume": 21697320, "typical_volume": 20656341.45, "trend": 16.202667, "fair_value": 17.964359, "relative_strength": -24.923108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.199877, "energy": 43.151051, "activity_lines": [ 13.362667, 13.424727, 13.997571, 14.867936 ] }, { "date": "2025-04-25", "close": 14.03, "volume": 34281958, "typical_volume": 21427338.75, "trend": 15.986333, "fair_value": 17.925449, "relative_strength": -24.157842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.441496, "energy": 30.661656, "activity_lines": [ 13.595333, 13.514545, 13.930286, 14.727763 ] }, { "date": "2025-05-02", "close": 13.55, "volume": 11908193, "typical_volume": 21254126.8, "trend": 15.77, "fair_value": 17.887628, "relative_strength": -26.905885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.508733, "energy": 25.263268, "activity_lines": [ 13.646667, 13.515455, 13.836524, 14.570581 ] }, { "date": "2025-05-09", "close": 13.16, "volume": 23094430, "typical_volume": 21700418.9, "trend": 15.539, "fair_value": 17.862051, "relative_strength": -27.28284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.015469, "energy": 26.120995, "activity_lines": [ 13.531333, 13.456727, 13.724905, 14.402194 ] }, { "date": "2025-05-16", "close": 15.03, "volume": 19122044, "typical_volume": 20780944.05, "trend": 15.378333, "fair_value": 17.840769, "relative_strength": -19.609758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.342851, "energy": 12.615799, "activity_lines": [ 14.028, 13.739091, 13.80781, 14.369355 ] }, { "date": "2025-05-23", "close": 15.31, "volume": 18469310, "typical_volume": 20400522.7, "trend": 15.286, "fair_value": 17.827372, "relative_strength": -16.886814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.778305, "energy": 12.155565, "activity_lines": [ 14.485333, 14.056727, 13.919905, 14.364946 ] }, { "date": "2025-05-30", "close": 16.0, "volume": 17383407, "typical_volume": 20391097.65, "trend": 15.160333, "fair_value": 17.815192, "relative_strength": -12.186348, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.33262, "energy": 28.620675, "activity_lines": [ 15.08, 14.461455, 14.102571, 14.411011 ] }, { "date": "2025-06-06", "close": 15.57, "volume": 13982071, "typical_volume": 19788707.95, "trend": 15.038667, "fair_value": 17.801538, "relative_strength": -14.816749, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.780784, "energy": 48.504239, "activity_lines": [ 15.4, 14.746364, 14.240476, 14.437441 ] }, { "date": "2025-06-13", "close": 15.51, "volume": 17529920, "typical_volume": 19667598.75, "trend": 14.944667, "fair_value": 17.794231, "relative_strength": -13.443084, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.706908, "energy": 53.902026, "activity_lines": [ 15.565333, 14.973636, 14.370381, 14.467849 ] }, { "date": "2025-06-20", "close": 14.86, "volume": 16808083, "typical_volume": 19763275.6, "trend": 14.834333, "fair_value": 17.783077, "relative_strength": -17.549802, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.383444, "energy": 43.227229, "activity_lines": [ 15.357333, 15.036909, 14.43681, 14.462387 ] }, { "date": "2025-06-27", "close": 16.030001, "volume": 38258756, "typical_volume": 19509487.5, "trend": 14.792667, "fair_value": 17.781346, "relative_strength": -12.217841, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.326093, "energy": 36.648374, "activity_lines": [ 15.550667, 15.279818, 14.615476, 14.539527 ] }, { "date": "2025-07-04", "close": 15.99, "volume": 15806373, "typical_volume": 19129537.2, "trend": 14.723333, "fair_value": 17.776154, "relative_strength": -11.085278, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.83589, "energy": 32.178908, "activity_lines": [ 15.682667, 15.477091, 14.784, 14.616774 ] }, { "date": "2025-07-11", "close": 15.36, "volume": 17300694, "typical_volume": 19023692.5, "trend": 14.648667, "fair_value": 17.770128, "relative_strength": -12.750785, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.319745, "energy": 35.095658, "activity_lines": [ 15.605334, 15.524182, 14.882762, 14.65785 ] }, { "date": "2025-07-18", "close": 16.26, "volume": 139637855, "typical_volume": 25437844.1, "trend": 14.637, "fair_value": 17.763782, "relative_strength": -6.25076, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.90126, "energy": 43.887477, "activity_lines": [ 15.842, 15.702, 15.061572, 14.761807 ] }, { "date": "2025-07-25", "close": 15.19, "volume": 23783319, "typical_volume": 25679124.35, "trend": 14.624667, "fair_value": 17.753782, "relative_strength": -11.091287, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.439798, "energy": 32.306997, "activity_lines": [ 15.672, 15.628909, 15.124, 14.797484 ] }, { "date": "2025-08-01", "close": 15.1, "volume": 18605722, "typical_volume": 26002238.0, "trend": 14.583667, "fair_value": 17.741282, "relative_strength": -9.837512, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.910777, "energy": 21.303056, "activity_lines": [ 15.45, 15.536546, 15.173, 14.828151 ] }, { "date": "2025-08-08", "close": 14.43, "volume": 11352845, "typical_volume": 25726738.7, "trend": 14.558, "fair_value": 17.725128, "relative_strength": -12.384419, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.017656, "energy": 13.591484, "activity_lines": [ 15.066667, 15.326182, 15.149143, 14.818237 ] }, { "date": "2025-08-15", "close": 14.34, "volume": 5368253, "typical_volume": 24453764.05, "trend": 14.533, "fair_value": 17.708077, "relative_strength": -13.226177, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.785112, "energy": 17.086665, "activity_lines": [ 14.757333, 15.128, 15.113286, 14.804172 ] }, { "date": "2025-08-22", "close": 14.75, "volume": 15813154, "typical_volume": 24577706.25, "trend": 14.518667, "fair_value": 17.694615, "relative_strength": -10.919433, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.713316, "energy": 17.323134, "activity_lines": [ 14.652667, 15.026727, 15.110095, 14.818172 ] }, { "date": "2025-08-29", "close": 14.61, "volume": 4753956, "typical_volume": 24247883.15, "trend": 14.504667, "fair_value": 17.672244, "relative_strength": -9.540936, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.070035, "energy": 16.862615, "activity_lines": [ 14.602, 14.913818, 15.085191, 14.824065 ] }, { "date": "2025-09-05", "close": 14.62, "volume": 8735691, "typical_volume": 23599801.7, "trend": 14.502, "fair_value": 17.65218, "relative_strength": -10.009752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.722257, "energy": 14.99567, "activity_lines": [ 14.593333, 14.807273, 15.053762, 14.831505 ] }, { "date": "2025-09-12", "close": 14.83, "volume": 6369286, "typical_volume": 22204168.1, "trend": 14.531667, "fair_value": 17.634423, "relative_strength": -9.413046, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.8694, "energy": 10.556304, "activity_lines": [ 14.686667, 14.764545, 15.039, 14.852667 ] }, { "date": "2025-09-19", "close": 15.08, "volume": 9393673, "typical_volume": 22078442.1, "trend": 14.562, "fair_value": 17.622436, "relative_strength": -8.085322, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.868857, "energy": 11.434057, "activity_lines": [ 14.836667, 14.788364, 15.044238, 14.888043 ] }, { "date": "2025-09-26", "close": 14.19, "volume": 7367460, "typical_volume": 21292093.6, "trend": 14.594333, "fair_value": 17.609872, "relative_strength": -10.598547, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.258312, "energy": 5.751326, "activity_lines": [ 14.640667, 14.655455, 14.957429, 14.864043 ] }, { "date": "2025-10-03", "close": 14.24, "volume": 10506540, "typical_volume": 20861318.4, "trend": 14.596667, "fair_value": 17.595385, "relative_strength": -10.534551, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.043541, "energy": 13.360701, "activity_lines": [ 14.498667, 14.569273, 14.870476, 14.841183 ] }, { "date": "2025-10-10", "close": 14.2, "volume": 8141019, "typical_volume": 20344903.85, "trend": 14.63, "fair_value": 17.582244, "relative_strength": -11.518651, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.68473, "energy": 27.806826, "activity_lines": [ 14.368, 14.493091, 14.783476, 14.815591 ] }, { "date": "2025-10-17", "close": 13.52, "volume": 9794149, "typical_volume": 19965440.95, "trend": 14.623667, "fair_value": 17.567308, "relative_strength": -16.456234, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.65296, "energy": 57.843415, "activity_lines": [ 14.038667, 14.309636, 14.637, 14.743979 ] }, { "date": "2025-10-24", "close": 13.77, "volume": 5508820, "typical_volume": 19541778.4, "trend": 14.649333, "fair_value": 17.554295, "relative_strength": -14.634987, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.131953, "energy": 58.650758, "activity_lines": [ 13.88, 14.188182, 14.526143, 14.688903 ] }, { "date": "2025-10-31", "close": 13.81, "volume": 5681329, "typical_volume": 18949348.85, "trend": 14.676667, "fair_value": 17.539936, "relative_strength": -13.407457, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.607833, "energy": 70.93968, "activity_lines": [ 13.822, 14.084364, 14.427667, 14.634753 ] }, { "date": "2025-11-07", "close": 13.34, "volume": 5979199, "typical_volume": 18407904.65, "trend": 14.686667, "fair_value": 17.522244, "relative_strength": -14.880722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.253976, "energy": 79.875788, "activity_lines": [ 13.632667, 13.912182, 14.292524, 14.548516 ] }, { "date": "2025-11-14", "close": 13.23, "volume": 4331768, "typical_volume": 16711555.25, "trend": 14.663667, "fair_value": 17.50641, "relative_strength": -16.240703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.371573, "energy": 78.741824, "activity_lines": [ 13.466667, 13.743091, 14.154143, 14.454538 ] }, { "date": "2025-11-21", "close": 13.05, "volume": 5795931, "typical_volume": 16211033.15, "trend": 14.631, "fair_value": 17.486218, "relative_strength": -17.203823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.53279, "energy": 82.256416, "activity_lines": [ 13.305333, 13.566545, 14.011952, 14.35043 ] }, { "date": "2025-11-28", "close": 13.07, "volume": 7580953, "typical_volume": 15725046.1, "trend": 14.615, "fair_value": 17.458782, "relative_strength": -16.929416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.215091, "energy": 76.379209, "activity_lines": [ 13.182, 13.426, 13.885667, 14.24972 ] }, { "date": "2025-12-05", "close": 12.7, "volume": 5768002, "typical_volume": 9031553.45, "trend": 14.599667, "fair_value": 17.43218, "relative_strength": -18.585502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.092443, "energy": 78.502172, "activity_lines": [ 12.982, 13.254727, 13.735048, 14.126172 ] }, { "date": "2025-12-12", "close": 12.65, "volume": 22890145, "typical_volume": 8986894.75, "trend": 14.520333, "fair_value": 17.393397, "relative_strength": -17.875393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.91304, "energy": 68.940966, "activity_lines": [ 12.839333, 13.101455, 13.596619, 14.000387 ] }, { "date": "2025-12-19", "close": 12.43, "volume": 7767369, "typical_volume": 8444977.1, "trend": 14.424333, "fair_value": 17.370513, "relative_strength": -18.45538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.156392, "energy": 62.144448, "activity_lines": [ 12.669333, 12.937091, 13.449333, 13.865527 ] }, { "date": "2025-12-26", "close": 12.59, "volume": 6445233, "typical_volume": 8199596.5, "trend": 14.310667, "fair_value": 17.340321, "relative_strength": -17.185335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.389941, "energy": 63.490966, "activity_lines": [ 12.606, 12.834, 13.33, 13.747183 ] }, { "date": "2026-01-02", "close": 12.68, "volume": 6662607, "typical_volume": 8264314.2, "trend": 14.214333, "fair_value": 17.312308, "relative_strength": -16.956639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.623209, "energy": 56.859664, "activity_lines": [ 12.603333, 12.764182, 13.228, 13.641979 ] }, { "date": "2026-01-09", "close": 12.11, "volume": 8606309, "typical_volume": 7903971.95, "trend": 14.101, "fair_value": 17.281923, "relative_strength": -18.216608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.925509, "energy": 61.116026, "activity_lines": [ 12.436667, 12.610545, 13.079619, 13.506215 ] }, { "date": "2026-01-16", "close": 12.03, "volume": 7640098, "typical_volume": 8048279.05, "trend": 14.006667, "fair_value": 17.255192, "relative_strength": -18.295413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.614631, "energy": 68.152854, "activity_lines": [ 12.282667, 12.473273, 12.93619, 13.372602 ] }, { "date": "2026-01-23", "close": 10.22, "volume": 18339393, "typical_volume": 8528464.15, "trend": 13.813, "fair_value": 17.220064, "relative_strength": -28.198316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.506603, "energy": 89.87196, "activity_lines": [ 11.566667, 12.030727, 12.632667, 13.128301 ] }, { "date": "2026-01-30", "close": 10.6, "volume": 12572144, "typical_volume": 8838607.05, "trend": 13.633333, "fair_value": 17.186731, "relative_strength": -25.774137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.49124, "energy": 91.010784, "activity_lines": [ 11.124667, 11.712, 12.386286, 12.921011 ] }, { "date": "2026-02-06", "close": 11.22, "volume": 10634623, "typical_volume": 8900654.55, "trend": 13.495333, "fair_value": 17.157692, "relative_strength": -22.075806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.120366, "energy": 83.570346, "activity_lines": [ 11.022, 11.550545, 12.219095, 12.765312 ] }, { "date": "2026-02-13", "close": 11.24, "volume": 11590446, "typical_volume": 9111803.85, "trend": 13.328, "fair_value": 17.127821, "relative_strength": -20.801703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.504835, "energy": 66.181569, "activity_lines": [ 11.023333, 11.426364, 12.07219, 12.619806 ] }, { "date": "2026-02-20", "close": 11.08, "volume": 17570469, "typical_volume": 9465000.3, "trend": 13.191, "fair_value": 17.10141, "relative_strength": -21.726138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.639532, "energy": 54.86405, "activity_lines": [ 11.029333, 11.299636, 11.924095, 12.474774 ] }, { "date": "2026-02-27", "close": 10.72, "volume": 8992282, "typical_volume": 9507563.45, "trend": 13.045, "fair_value": 17.072692, "relative_strength": -22.626807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.389392, "energy": 52.956532, "activity_lines": [ 10.978667, 11.136, 11.756762, 12.315355 ] }, { "date": "2026-03-06", "close": 10.19, "volume": 18917014, "typical_volume": 9963706.7, "trend": 12.903667, "fair_value": 17.041859, "relative_strength": -23.697578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.778972, "energy": 57.5157, "activity_lines": [ 10.718, 10.907091, 11.555524, 12.131161 ] }, { "date": "2026-03-13", "close": 9.85, "volume": 10471624, "typical_volume": 10211846.9, "trend": 12.754, "fair_value": 17.015256, "relative_strength": -21.651818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.988253, "energy": 63.586804, "activity_lines": [ 10.371333, 10.66, 11.337762, 11.934151 ] }, { "date": "2026-03-20", "close": 9.84, "volume": 14637725, "typical_volume": 10659666.7, "trend": 12.590333, "fair_value": 16.992436, "relative_strength": -21.156691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.017586, "energy": 78.077607, "activity_lines": [ 10.112667, 10.462545, 11.137714, 11.746151 ] }, { "date": "2026-03-27", "close": 9.3, "volume": 17593254, "typical_volume": 11240369.45, "trend": 12.413333, "fair_value": 16.969038, "relative_strength": -24.128121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.054651, "energy": 87.083007, "activity_lines": [ 9.767333, 10.208182, 10.905143, 11.533871 ] }, { "date": "2026-04-03", "close": 9.78, "volume": 11412618, "typical_volume": 11594411.95, "trend": 12.252, "fair_value": 16.944231, "relative_strength": -19.44422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.944431, "energy": 72.566545, "activity_lines": [ 9.700667, 10.090727, 10.737524, 11.363978 ] }, { "date": "2026-04-10", "close": 11.36, "volume": 19016226, "typical_volume": 12255426.7, "trend": 12.136333, "fair_value": 16.930513, "relative_strength": -11.318225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.974689, "energy": 42.933785, "activity_lines": [ 10.223333, 10.268545, 10.73681, 11.30643 ] }, { "date": "2026-04-17", "close": 11.59, "volume": 14302481, "typical_volume": 12591503.1, "trend": 12.02, "fair_value": 16.920833, "relative_strength": -10.299428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.263729, "energy": 18.725291, "activity_lines": [ 10.744667, 10.474364, 10.766048, 11.271183 ] }, { "date": "2026-04-24", "close": 11.02, "volume": 12494742, "typical_volume": 12927840.1, "trend": 11.914333, "fair_value": 16.905577, "relative_strength": -12.697299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.004243, "energy": 25.020197, "activity_lines": [ 10.96, 10.569818, 10.748048, 11.206667 ] }, { "date": "2026-05-01", "close": 11.01, "volume": 6518369, "typical_volume": 12109251.3, "trend": 11.806667, "fair_value": 16.888654, "relative_strength": -12.828313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.214536, "energy": 26.418633, "activity_lines": [ 11.093333, 10.667455, 10.737095, 11.148323 ] }, { "date": "2026-05-08", "close": 11.08, "volume": 9859358, "typical_volume": 12213850.75, "trend": 11.702667, "fair_value": 16.871538, "relative_strength": -12.635347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.532972, "energy": 17.952941, "activity_lines": [ 11.136, 10.779091, 10.740619, 11.101441 ] }, { "date": "2026-05-15", "close": 10.25, "volume": 10178340, "typical_volume": 12400506.1, "trend": 11.593667, "fair_value": 16.852308, "relative_strength": -16.849396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.969452, "energy": 14.349603, "activity_lines": [ 10.815333, 10.733273, 10.671524, 11.00772 ] }, { "date": "2026-05-22", "close": 10.14, "volume": 7514988, "typical_volume": 12443125.15, "trend": 11.472667, "fair_value": 16.830128, "relative_strength": -17.430472, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.32941, "energy": 28.362405, "activity_lines": [ 10.532, 10.666364, 10.603095, 10.913935 ] }, { "date": "2026-05-29", "close": 10.8, "volume": 11193772, "typical_volume": 12572498.3, "trend": 11.372333, "fair_value": 16.80609, "relative_strength": -10.793157, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.931752, "energy": 24.275789, "activity_lines": [ 10.565333, 10.714182, 10.609619, 10.870538 ] }, { "date": "2026-06-05", "close": 11.08, "volume": 10911356, "typical_volume": 12736061.2, "trend": 11.297, "fair_value": 16.785449, "relative_strength": -7.255966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.839487, "energy": 17.926923, "activity_lines": [ 10.706667, 10.795455, 10.649048, 10.851677 ] }, { "date": "2026-06-12", "close": 10.68, "volume": 1558914, "typical_volume": 11897037.25, "trend": 11.212, "fair_value": 16.755192, "relative_strength": -10.986549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.419129, "energy": 14.616593, "activity_lines": [ 10.71, 10.771636, 10.654905, 10.811871 ] }, { "date": "2026-06-19", "close": 12.18, "volume": 32958142, "typical_volume": 12916337.15, "trend": 11.183, "fair_value": 16.734872, "relative_strength": 0.186374, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.920398, "energy": 23.95456, "activity_lines": [ 11.24, 11.004182, 10.801429, 10.874323 ] }, { "date": "2026-06-26", "close": 11.73, "volume": 0, "typical_volume": 12384606.0, "trend": 11.138333, "fair_value": 16.715833, "relative_strength": -3.180985, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.197838, "energy": 36.022598, "activity_lines": [ 11.491333, 11.14, 10.897571, 10.909613 ] }, { "date": "2026-07-03", "close": 11.3, "volume": 1494121, "typical_volume": 11879789.75, "trend": 11.091667, "fair_value": 16.68891, "relative_strength": -6.978854, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.43116, "energy": 41.18568, "activity_lines": [ 11.493333, 11.195091, 10.950333, 10.920043 ] }, { "date": "2026-07-10", "close": 11.03, "volume": 6018172, "typical_volume": 11302174.9, "trend": 11.037667, "fair_value": 16.661538, "relative_strength": -8.415891, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.244705, "energy": 40.742365, "activity_lines": [ 11.372, 11.196, 10.977095, 10.916065 ] }, { "date": "2026-07-17", "close": 11.06, "volume": 13210071, "typical_volume": 11513064.35, "trend": 10.992, "fair_value": 16.634038, "relative_strength": -7.947634, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.52301, "energy": 15.033852, "activity_lines": [ 11.264, 11.202, 11.006952, 10.917505 ] }, { "date": "2026-07-24", "close": 10.76, "volume": 5532324, "typical_volume": 10843829.85, "trend": 10.931, "fair_value": 16.60141, "relative_strength": -7.737751, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.438998, "energy": 6.495016, "activity_lines": [ 11.030667, 11.153818, 11.006619, 10.902538 ] }, { "date": "2026-07-31", "close": 10.77, "volume": 4355736, "typical_volume": 10538035.45, "trend": 10.867333, "fair_value": 16.568205, "relative_strength": -9.371089, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.093784, "energy": 15.514201, "activity_lines": [ 10.895333, 11.098182, 11.004524, 10.892151 ] }, { "date": "2026-08-07", "close": 10.91, "volume": 5862662, "typical_volume": 10099282.3, "trend": 10.827333, "fair_value": 16.532372, "relative_strength": -8.355772, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.592008, "energy": 15.994001, "activity_lines": [ 10.870667, 11.056545, 11.011381, 10.894903 ] } ], "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." } } }