{ "ticker": { "uuid": "172848c3-c1fd-41fe-b08a-79730582f556", "symbol": "KMPR", "name": "Kemper Corporation", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -27.769, "architecture_energy": 14.731, "architecture_maturity": 27.402, "architecture_confidence": 63.502, "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": 56.97, "rotation_up": 27.66, "upward_expansion": 16.8, "deceleration": 46.19, "rotation_down": 20.62, "downward_expansion": 50.8 }, "activity_lines": [ 28.531333, 28.090727, 28.184527, 28.894643 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 28.51, "trend_reference": 30.349321, "distance_from_trend": -0.060605, "trend_direction": "Weakening", "fair_value": 49.191454, "distance_from_fair_value": -0.420428, "fair_value_direction": "Weakening", "relative_strength": -30.922582, "relative_strength_direction": "Improving", "price_momentum": -0.15019, "excess_performance": -0.275815, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.060605, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.111708, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.420428, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.013518, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.309226, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.099185, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.15019, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.720362, "read": "Demand-led" } ], "volume": { "latest": 4535842, "relative_activity": 0.923767, "balance": 2.720362, "dry_up": 0.847987, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.085654, "annualized_volatility": 0.396024, "from_high_reference": -0.462797, "from_low_reference": 0.256501 }, "levels": { "trend_reference": 30.349321, "fair_value_reference": 49.191454, "structural_low": 22.69, "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": 9, "median_return": -0.031864, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.067664, "regime_survival": 0.444444, "best_return": 0.115094, "worst_return": -0.176846, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.131994, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.134681, "regime_survival": 0.2, "best_return": 0.106598, "worst_return": -0.198701, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.101308, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": 0.006763, "regime_survival": 0.25, "best_return": 0.138706, "worst_return": -0.180621, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.025448, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.01633, "regime_survival": 0.0, "best_return": 0.277658, "worst_return": -0.194502, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-04", "end": "2023-09-29", "tenure": "Developing", "return": -0.171681, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-06", "end": "2023-12-15", "tenure": "Developing", "return": 0.138986, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-22", "end": "2024-01-19", "tenure": "Developing", "return": 0.163482, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-04-19", "tenure": "Established", "return": -0.054945, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-10", "tenure": "New", "return": 0.063207, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-10-04", "tenure": "Established", "return": 0.011522, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": 0.115094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.081043, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-03-28", "tenure": "Established", "return": 0.013941, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.017839, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.103377, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": -0.042644, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2026-07-31", "tenure": "Extended", "return": -0.510558, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.400558, "volume": 1745088, "typical_volume": 1672092.15, "trend": 47.621883, "fair_value": 53.685655, "relative_strength": -16.336648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.512594, "energy": 16.164529, "activity_lines": [ 44.767132, 44.694979, 43.997608, 45.212222 ] }, { "date": "2023-08-25", "close": 43.144753, "volume": 1116955, "typical_volume": 1662697.45, "trend": 47.358607, "fair_value": 53.526812, "relative_strength": -15.408737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.924694, "energy": 20.427596, "activity_lines": [ 44.036773, 44.453813, 43.881899, 44.923374 ] }, { "date": "2023-09-01", "close": 44.27035, "volume": 1089974, "typical_volume": 1596060.7, "trend": 46.976958, "fair_value": 53.386804, "relative_strength": -15.224371, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.71471, "energy": 23.419743, "activity_lines": [ 43.825155, 44.403011, 43.914615, 44.724132 ] }, { "date": "2023-09-08", "close": 44.354072, "volume": 1172132, "typical_volume": 1584799.35, "trend": 46.479352, "fair_value": 53.268226, "relative_strength": -13.827452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.751044, "energy": 23.219169, "activity_lines": [ 43.840577, 44.373005, 43.974299, 44.554914 ] }, { "date": "2023-09-15", "close": 42.847075, "volume": 3633433, "typical_volume": 1660835.35, "trend": 45.903061, "fair_value": 53.153117, "relative_strength": -16.451877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.152064, "energy": 23.09933, "activity_lines": [ 43.543518, 44.073557, 43.919238, 44.320573 ] }, { "date": "2023-09-22", "close": 40.828444, "volume": 1857928, "typical_volume": 1633779.05, "trend": 45.362278, "fair_value": 53.039927, "relative_strength": -17.77552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.015924, "energy": 37.573755, "activity_lines": [ 42.685213, 43.436521, 43.680523, 43.993178 ] }, { "date": "2023-09-29", "close": 39.098189, "volume": 1534723, "typical_volume": 1598728.7, "trend": 44.739957, "fair_value": 52.916317, "relative_strength": -20.518359, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.592805, "energy": 58.069082, "activity_lines": [ 41.354963, 42.506667, 43.281593, 43.589044 ] }, { "date": "2023-10-06", "close": 39.247028, "volume": 2676547, "typical_volume": 1660646.9, "trend": 44.281074, "fair_value": 52.796063, "relative_strength": -20.341482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.848715, "energy": 63.986047, "activity_lines": [ 40.344097, 41.716597, 42.905278, 43.234661 ] }, { "date": "2023-10-13", "close": 40.633093, "volume": 1407951, "typical_volume": 1671489.8, "trend": 44.009127, "fair_value": 52.690447, "relative_strength": -17.611482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.729273, "energy": 62.126436, "activity_lines": [ 40.13014, 41.32418, 42.66989, 42.999308 ] }, { "date": "2023-10-20", "close": 39.665638, "volume": 1585697, "typical_volume": 1698280.65, "trend": 43.715027, "fair_value": 52.571592, "relative_strength": -17.44888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.214092, "energy": 59.945012, "activity_lines": [ 39.841765, 40.875295, 42.341998, 42.719082 ] }, { "date": "2023-10-27", "close": 38.400505, "volume": 2139185, "typical_volume": 1724231.2, "trend": 43.322769, "fair_value": 52.473285, "relative_strength": -17.786756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.292764, "energy": 54.2715, "activity_lines": [ 39.343773, 40.284674, 41.898916, 42.37621 ] }, { "date": "2023-11-03", "close": 39.135398, "volume": 2632122, "typical_volume": 1761657.35, "trend": 42.900549, "fair_value": 52.36198, "relative_strength": -20.200875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.257292, "energy": 38.499231, "activity_lines": [ 39.252609, 39.900398, 41.544188, 42.106057 ] }, { "date": "2023-11-10", "close": 36.474898, "volume": 1673973, "typical_volume": 1694543.9, "trend": 42.50774, "fair_value": 52.202671, "relative_strength": -26.049268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.546409, "energy": 58.313414, "activity_lines": [ 38.272131, 39.105292, 40.951429, 41.691499 ] }, { "date": "2023-11-17", "close": 39.067211, "volume": 1550327, "typical_volume": 1678574.45, "trend": 42.130057, "fair_value": 52.038997, "relative_strength": -22.057475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.384529, "energy": 47.005533, "activity_lines": [ 38.340566, 38.923252, 40.644138, 41.469529 ] }, { "date": "2023-11-24", "close": 39.967248, "volume": 907564, "typical_volume": 1676055.2, "trend": 41.973894, "fair_value": 51.858762, "relative_strength": -20.537483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.315659, "energy": 36.01955, "activity_lines": [ 38.813405, 39.000979, 40.448933, 41.329993 ] }, { "date": "2023-12-01", "close": 41.786071, "volume": 2026198, "typical_volume": 1725924.75, "trend": 41.973812, "fair_value": 51.692711, "relative_strength": -17.046508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.392378, "energy": 21.06281, "activity_lines": [ 39.872412, 39.461762, 40.448373, 41.317876 ] }, { "date": "2023-12-08", "close": 44.20492, "volume": 2100365, "typical_volume": 1782772.4, "trend": 42.084953, "fair_value": 51.539642, "relative_strength": -11.940135, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.396153, "energy": 13.996386, "activity_lines": [ 41.511997, 40.344924, 40.679322, 41.461818 ] }, { "date": "2023-12-15", "close": 44.701815, "volume": 3347690, "typical_volume": 1890070.15, "trend": 42.204339, "fair_value": 51.395984, "relative_strength": -12.602487, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.578473, "energy": 31.13864, "activity_lines": [ 42.979245, 41.225581, 40.962799, 41.630648 ] }, { "date": "2023-12-22", "close": 45.133082, "volume": 2435330, "typical_volume": 1951881.7, "trend": 42.356893, "fair_value": 51.252455, "relative_strength": -12.144395, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.069071, "energy": 43.436868, "activity_lines": [ 44.041788, 42.085473, 41.299518, 41.819599 ] }, { "date": "2023-12-29", "close": 45.629977, "volume": 1240124, "typical_volume": 1893665.3, "trend": 42.518617, "fair_value": 51.113906, "relative_strength": -11.119952, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.901767, "energy": 57.774229, "activity_lines": [ 44.865571, 42.95389, 41.693412, 42.030766 ] }, { "date": "2024-01-05", "close": 46.248753, "volume": 1351532, "typical_volume": 1873987.5, "trend": 42.651672, "fair_value": 50.964007, "relative_strength": -7.971501, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.073886, "energy": 63.497479, "activity_lines": [ 45.518098, 43.826371, 42.140958, 42.27142 ] }, { "date": "2024-01-12", "close": 50.205163, "volume": 1942662, "typical_volume": 1915272.85, "trend": 42.913219, "fair_value": 50.852598, "relative_strength": -1.501479, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.523063, "energy": 74.889426, "activity_lines": [ 47.191916, 45.275502, 42.94698, 42.758742 ] }, { "date": "2024-01-19", "close": 52.511507, "volume": 1973509, "typical_volume": 1959449.6, "trend": 43.177704, "fair_value": 50.771066, "relative_strength": 2.104224, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.123564, "energy": 91.778318, "activity_lines": [ 49.234499, 46.942701, 43.939034, 43.377986 ] }, { "date": "2024-01-26", "close": 57.846098, "volume": 3371025, "typical_volume": 2069394.25, "trend": 43.619084, "fair_value": 50.747181, "relative_strength": 11.510062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.725619, "energy": 97.438893, "activity_lines": [ 52.534633, 49.288251, 45.3999, 44.324334 ] }, { "date": "2024-02-02", "close": 53.749057, "volume": 3241611, "typical_volume": 2049803.15, "trend": 43.928517, "fair_value": 50.689515, "relative_strength": 2.68584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.414723, "energy": 88.748274, "activity_lines": [ 53.621552, 50.54745, 46.406324, 44.977881 ] }, { "date": "2024-02-09", "close": 55.567881, "volume": 2925882, "typical_volume": 2103200.85, "trend": 44.379913, "fair_value": 50.617756, "relative_strength": 5.411201, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.179281, "energy": 90.170457, "activity_lines": [ 54.773474, 51.886766, 47.534055, 45.728808 ] }, { "date": "2024-02-16", "close": 56.505419, "volume": 2759367, "typical_volume": 2164433.05, "trend": 44.753497, "fair_value": 50.561753, "relative_strength": 8.280886, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.483806, "energy": 87.827528, "activity_lines": [ 55.616633, 53.145964, 48.680888, 46.511098 ] }, { "date": "2024-02-23", "close": 54.149456, "volume": 1307405, "typical_volume": 2095975.95, "trend": 44.983235, "fair_value": 50.482874, "relative_strength": 2.809856, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.553809, "energy": 64.444701, "activity_lines": [ 55.254454, 53.753161, 49.520451, 47.117289 ] }, { "date": "2024-03-01", "close": 54.253118, "volume": 1356573, "typical_volume": 2093407.05, "trend": 45.218276, "fair_value": 50.386857, "relative_strength": 2.751633, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.212565, "energy": 60.35326, "activity_lines": [ 54.817633, 54.20743, 50.298923, 47.715346 ] }, { "date": "2024-03-08", "close": 54.385052, "volume": 1483172, "typical_volume": 2088280.8, "trend": 45.547061, "fair_value": 50.283181, "relative_strength": 3.873056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.105631, "energy": 54.044386, "activity_lines": [ 54.664321, 54.519868, 51.025104, 48.306751 ] }, { "date": "2024-03-15", "close": 55.082417, "volume": 2403865, "typical_volume": 2101514.8, "trend": 45.96979, "fair_value": 50.177439, "relative_strength": 5.639616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.091284, "energy": 46.007283, "activity_lines": [ 54.701065, 54.799916, 51.747607, 48.921935 ] }, { "date": "2024-03-22", "close": 56.015379, "volume": 1911876, "typical_volume": 2065502.5, "trend": 46.39881, "fair_value": 50.081115, "relative_strength": 5.417043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.575994, "energy": 47.239796, "activity_lines": [ 55.081161, 55.088982, 52.479526, 49.570038 ] }, { "date": "2024-03-29", "close": 58.352494, "volume": 1825239, "typical_volume": 2073065.8, "trend": 46.868215, "fair_value": 49.998082, "relative_strength": 9.689083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.629405, "energy": 54.813556, "activity_lines": [ 56.272964, 55.697338, 53.353647, 50.341243 ] }, { "date": "2024-04-05", "close": 54.809126, "volume": 1664331, "typical_volume": 2078766.0, "trend": 47.216717, "fair_value": 49.89442, "relative_strength": 4.398979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.677777, "energy": 44.830028, "activity_lines": [ 56.003442, 55.555245, 53.786125, 50.85356 ] }, { "date": "2024-04-12", "close": 52.782997, "volume": 2047851, "typical_volume": 2135780.35, "trend": 47.547914, "fair_value": 49.766052, "relative_strength": 2.330421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.314875, "energy": 34.62618, "activity_lines": [ 55.021476, 55.099982, 53.950677, 51.212675 ] }, { "date": "2024-04-19", "close": 54.667768, "volume": 2041394, "typical_volume": 2136540.15, "trend": 48.009225, "fair_value": 49.647231, "relative_strength": 9.627566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.389998, "energy": 29.410631, "activity_lines": [ 54.774572, 55.00497, 54.233703, 51.67202 ] }, { "date": "2024-04-26", "close": 54.121184, "volume": 2600050, "typical_volume": 2161524.4, "trend": 48.509992, "fair_value": 49.554425, "relative_strength": 5.783362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.020098, "energy": 19.359715, "activity_lines": [ 54.373115, 54.826945, 54.403333, 52.06634 ] }, { "date": "2024-05-03", "close": 55.581881, "volume": 2578621, "typical_volume": 2123070.95, "trend": 49.054487, "fair_value": 49.462984, "relative_strength": 7.871747, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.996638, "energy": 21.099952, "activity_lines": [ 54.584838, 54.957851, 54.664856, 52.522591 ] }, { "date": "2024-05-10", "close": 57.542043, "volume": 1775919, "typical_volume": 2090100.4, "trend": 49.618119, "fair_value": 49.391824, "relative_strength": 9.425068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.080923, "energy": 36.45502, "activity_lines": [ 55.634655, 55.419106, 55.061252, 53.070175 ] }, { "date": "2024-05-17", "close": 57.636762, "volume": 1380193, "typical_volume": 2097103.85, "trend": 50.217156, "fair_value": 49.330491, "relative_strength": 7.634109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.908654, "energy": 42.338321, "activity_lines": [ 56.533851, 55.837784, 55.407578, 53.587507 ] }, { "date": "2024-05-24", "close": 55.38244, "volume": 1395315, "typical_volume": 2099293.0, "trend": 50.78322, "fair_value": 49.26206, "relative_strength": 3.295787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.895865, "energy": 37.51687, "activity_lines": [ 56.358022, 55.787463, 55.482031, 53.920751 ] }, { "date": "2024-05-31", "close": 56.680096, "volume": 1356155, "typical_volume": 2069967.65, "trend": 51.368044, "fair_value": 49.208847, "relative_strength": 5.913931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.467314, "energy": 37.308677, "activity_lines": [ 56.5671, 55.967624, 55.636577, 54.301195 ] }, { "date": "2024-06-07", "close": 55.628711, "volume": 1483787, "typical_volume": 2045481.55, "trend": 52.006504, "fair_value": 49.155229, "relative_strength": 2.57036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.018582, "energy": 29.342804, "activity_lines": [ 56.255122, 55.944539, 55.660159, 54.576077 ] }, { "date": "2024-06-14", "close": 54.264751, "volume": 1356059, "typical_volume": 1944733.25, "trend": 52.513089, "fair_value": 49.109156, "relative_strength": -1.608656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.001966, "energy": 13.07515, "activity_lines": [ 55.485369, 55.722985, 55.538995, 54.72177 ] }, { "date": "2024-06-21", "close": 55.808678, "volume": 1263487, "typical_volume": 1845827.05, "trend": 53.041137, "fair_value": 49.048887, "relative_strength": 0.579603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.97887, "energy": 13.946443, "activity_lines": [ 55.448744, 55.792042, 55.581926, 54.934389 ] }, { "date": "2024-06-28", "close": 56.197027, "volume": 1503014, "typical_volume": 1774683.65, "trend": 53.521502, "fair_value": 48.995009, "relative_strength": 1.310096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.079216, "energy": 14.32565, "activity_lines": [ 55.663441, 55.876696, 55.652035, 55.137995 ] }, { "date": "2024-07-05", "close": 55.808678, "volume": 772554, "typical_volume": 1675343.0, "trend": 53.908294, "fair_value": 48.951085, "relative_strength": -1.239207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.62573, "energy": 13.075361, "activity_lines": [ 55.694383, 55.862936, 55.682162, 55.285554 ] }, { "date": "2024-07-12", "close": 58.119831, "volume": 1766470, "typical_volume": 1698296.25, "trend": 54.355561, "fair_value": 48.927122, "relative_strength": 1.696642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.711205, "energy": 32.870095, "activity_lines": [ 56.553804, 56.238704, 55.935718, 55.557266 ] }, { "date": "2024-07-19", "close": 58.915474, "volume": 2054864, "typical_volume": 1733210.8, "trend": 54.814974, "fair_value": 48.917988, "relative_strength": 5.040982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.258764, "energy": 50.970041, "activity_lines": [ 57.512364, 56.71299, 56.246142, 55.851454 ] }, { "date": "2024-07-26", "close": 61.605506, "volume": 1700282, "typical_volume": 1744066.3, "trend": 55.347492, "fair_value": 48.939558, "relative_strength": 10.582785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.005656, "energy": 72.910097, "activity_lines": [ 59.057553, 57.651401, 56.790557, 56.289553 ] }, { "date": "2024-08-02", "close": 60.30785, "volume": 1948157, "typical_volume": 1721280.9, "trend": 55.816128, "fair_value": 48.954281, "relative_strength": 10.472279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.152784, "energy": 74.133913, "activity_lines": [ 59.783736, 58.281715, 57.177004, 56.609576 ] }, { "date": "2024-08-09", "close": 57.08739, "volume": 2852445, "typical_volume": 1768309.35, "trend": 56.045536, "fair_value": 48.940837, "relative_strength": 4.441641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.324339, "energy": 60.495589, "activity_lines": [ 59.162376, 58.236939, 57.231857, 56.691593 ] }, { "date": "2024-08-16", "close": 59.048081, "volume": 1718351, "typical_volume": 1762964.95, "trend": 56.263422, "fair_value": 48.932916, "relative_strength": 3.717693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.712791, "energy": 48.125984, "activity_lines": [ 59.109333, 58.541247, 57.468337, 56.885306 ] }, { "date": "2024-08-23", "close": 59.119433, "volume": 1261825, "typical_volume": 1742839.65, "trend": 56.305866, "fair_value": 48.912781, "relative_strength": 2.288713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.265349, "energy": 32.553133, "activity_lines": [ 59.018191, 58.796357, 57.708301, 57.069565 ] }, { "date": "2024-08-30", "close": 59.500174, "volume": 1381835, "typical_volume": 1709538.85, "trend": 56.49757, "fair_value": 48.904349, "relative_strength": 2.548202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.365651, "energy": 28.97275, "activity_lines": [ 59.040365, 59.032426, 57.964001, 57.275649 ] }, { "date": "2024-09-06", "close": 57.80588, "volume": 1065389, "typical_volume": 1660738.6, "trend": 56.57217, "fair_value": 48.906591, "relative_strength": 3.810918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.421252, "energy": 22.841344, "activity_lines": [ 58.63813, 58.893323, 58.026352, 57.360056 ] }, { "date": "2024-09-13", "close": 57.120547, "volume": 1279980, "typical_volume": 1594735.1, "trend": 56.592674, "fair_value": 48.903019, "relative_strength": -1.444793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.471703, "energy": 14.927341, "activity_lines": [ 58.174248, 58.600363, 58.008491, 57.395435 ] }, { "date": "2024-09-20", "close": 57.61551, "volume": 1699092, "typical_volume": 1550758.65, "trend": 56.708209, "fair_value": 48.889893, "relative_strength": -2.079022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.681739, "energy": 15.687582, "activity_lines": [ 57.873144, 58.373543, 58.023486, 57.461425 ] }, { "date": "2024-09-27", "close": 57.891546, "volume": 1464366, "typical_volume": 1535181.0, "trend": 56.82949, "fair_value": 48.873251, "relative_strength": -2.3203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.223438, "energy": 16.729756, "activity_lines": [ 57.759556, 58.206082, 58.055086, 57.537769 ] }, { "date": "2024-10-04", "close": 58.300842, "volume": 1247725, "typical_volume": 1528557.6, "trend": 56.960017, "fair_value": 48.866166, "relative_strength": -2.054964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.108386, "energy": 15.173092, "activity_lines": [ 57.86426, 58.131655, 58.124003, 57.632695 ] }, { "date": "2024-10-11", "close": 57.891546, "volume": 1832400, "typical_volume": 1550411.85, "trend": 57.053654, "fair_value": 48.861456, "relative_strength": -3.929089, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.862097, "energy": 8.843349, "activity_lines": [ 57.912487, 58.042895, 58.150776, 57.692794 ] }, { "date": "2024-10-18", "close": 60.575765, "volume": 1420084, "typical_volume": 1553608.3, "trend": 57.205667, "fair_value": 48.86134, "relative_strength": -0.486504, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.349509, "energy": 28.884008, "activity_lines": [ 58.849742, 58.486107, 58.421242, 57.920027 ] }, { "date": "2024-10-25", "close": 59.985617, "volume": 1261731, "typical_volume": 1542505.5, "trend": 57.260104, "fair_value": 48.885168, "relative_strength": -0.673306, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.539512, "energy": 41.098065, "activity_lines": [ 59.359934, 58.758595, 58.616952, 58.099378 ] }, { "date": "2024-11-01", "close": 59.424026, "volume": 2442900, "typical_volume": 1596847.55, "trend": 57.413934, "fair_value": 48.903806, "relative_strength": -0.459855, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.025723, "energy": 40.984233, "activity_lines": [ 59.524922, 58.91193, 58.73843, 58.238986 ] }, { "date": "2024-11-08", "close": 64.5545, "volume": 2212180, "typical_volume": 1644282.2, "trend": 57.806318, "fair_value": 48.96732, "relative_strength": 2.772309, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 80.21095, "energy": 71.394767, "activity_lines": [ 61.297902, 59.99254, 59.323957, 58.699668 ] }, { "date": "2024-11-15", "close": 67.809828, "volume": 1940176, "typical_volume": 1666140.3, "trend": 58.244387, "fair_value": 49.070661, "relative_strength": 9.686589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.641643, "energy": 84.385027, "activity_lines": [ 63.739081, 61.573131, 60.177868, 59.345055 ] }, { "date": "2024-11-22", "close": 68.461605, "volume": 1805527, "typical_volume": 1717788.95, "trend": 58.722401, "fair_value": 49.176525, "relative_strength": 8.412504, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.378469, "energy": 89.34112, "activity_lines": [ 65.7363, 63.090337, 61.038554, 60.004231 ] }, { "date": "2024-11-29", "close": 68.346881, "volume": 1238598, "typical_volume": 1691395.35, "trend": 59.147901, "fair_value": 49.306609, "relative_strength": 6.557055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.824495, "energy": 90.033937, "activity_lines": [ 67.169556, 64.380483, 61.828062, 60.625165 ] }, { "date": "2024-12-06", "close": 67.534252, "volume": 1614363, "typical_volume": 1669370.3, "trend": 59.480974, "fair_value": 49.438336, "relative_strength": 4.12025, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.322515, "energy": 86.83907, "activity_lines": [ 67.774517, 65.327762, 62.491476, 61.16622 ] }, { "date": "2024-12-13", "close": 64.733072, "volume": 1428971, "typical_volume": 1655804.75, "trend": 59.717518, "fair_value": 49.547254, "relative_strength": 0.197762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.460568, "energy": 68.986976, "activity_lines": [ 66.90507, 65.590414, 62.84707, 61.505065 ] }, { "date": "2024-12-20", "close": 62.199581, "volume": 2094149, "typical_volume": 1663104.35, "trend": 59.944756, "fair_value": 49.624569, "relative_strength": -2.075715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.005462, "energy": 38.042872, "activity_lines": [ 65.179221, 65.275482, 62.946486, 61.665198 ] }, { "date": "2024-12-27", "close": 62.314305, "volume": 738207, "typical_volume": 1557392.45, "trend": 60.132563, "fair_value": 49.688285, "relative_strength": -2.662146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.32409, "energy": 22.579926, "activity_lines": [ 63.86563, 64.90308, 63.047819, 61.818072 ] }, { "date": "2025-01-03", "close": 63.490227, "volume": 1108613, "typical_volume": 1526905.55, "trend": 60.394613, "fair_value": 49.735668, "relative_strength": -0.439871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.641826, "energy": 25.698434, "activity_lines": [ 63.353833, 64.712873, 63.236255, 62.034696 ] }, { "date": "2025-01-10", "close": 60.048505, "volume": 1506144, "typical_volume": 1539121.5, "trend": 60.587405, "fair_value": 49.755108, "relative_strength": -3.922571, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.083591, "energy": 19.699333, "activity_lines": [ 62.018572, 63.833178, 63.075755, 62.012366 ] }, { "date": "2025-01-17", "close": 62.390788, "volume": 1571599, "typical_volume": 1548609.7, "trend": 60.806809, "fair_value": 49.820399, "relative_strength": -2.928584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.435085, "energy": 20.206155, "activity_lines": [ 61.963122, 63.367998, 63.133905, 62.128713 ] }, { "date": "2025-01-24", "close": 62.524633, "volume": 1157864, "typical_volume": 1553233.45, "trend": 61.017729, "fair_value": 49.884265, "relative_strength": -4.085101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.621, "energy": 13.649739, "activity_lines": [ 62.108439, 62.966494, 63.191038, 62.239541 ] }, { "date": "2025-01-31", "close": 64.226374, "volume": 1389383, "typical_volume": 1558703.6, "trend": 61.298319, "fair_value": 49.995074, "relative_strength": -0.407009, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.987033, "energy": 14.127593, "activity_lines": [ 62.799334, 62.970493, 63.38777, 62.44655 ] }, { "date": "2025-02-07", "close": 65.220649, "volume": 2841661, "typical_volume": 1615832.05, "trend": 61.535013, "fair_value": 50.119452, "relative_strength": 1.379372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.890147, "energy": 22.782802, "activity_lines": [ 63.694181, 63.232272, 63.645359, 62.699604 ] }, { "date": "2025-02-14", "close": 64.541865, "volume": 1723465, "typical_volume": 1628787.0, "trend": 61.722559, "fair_value": 50.243213, "relative_strength": -0.990213, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.43037, "energy": 25.696706, "activity_lines": [ 64.247406, 63.427477, 63.802086, 62.893594 ] }, { "date": "2025-02-21", "close": 61.704659, "volume": 1103235, "typical_volume": 1621562.5, "trend": 61.725864, "fair_value": 50.331551, "relative_strength": -3.713666, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 24.687637, "energy": 16.76584, "activity_lines": [ 63.555339, 63.161233, 63.656935, 62.892439 ] }, { "date": "2025-02-28", "close": 64.922947, "volume": 1290574, "typical_volume": 1594471.2, "trend": 61.879701, "fair_value": 50.447183, "relative_strength": 2.251308, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.05547, "energy": 23.054914, "activity_lines": [ 63.981776, 63.535195, 63.80208, 63.098703 ] }, { "date": "2025-03-07", "close": 63.94305, "volume": 2195425, "typical_volume": 1633238.25, "trend": 62.108223, "fair_value": 50.552168, "relative_strength": 3.837748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.260947, "energy": 16.948197, "activity_lines": [ 63.921693, 63.681477, 63.820417, 63.231822 ] }, { "date": "2025-03-14", "close": 65.854809, "volume": 2549250, "typical_volume": 1697614.2, "trend": 62.335114, "fair_value": 50.663317, "relative_strength": 9.277579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.752654, "energy": 25.403609, "activity_lines": [ 64.517751, 64.145739, 64.004793, 63.473537 ] }, { "date": "2025-03-21", "close": 63.654845, "volume": 2368584, "typical_volume": 1693898.4, "trend": 62.486294, "fair_value": 50.754906, "relative_strength": 5.016146, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.256623, "energy": 23.51128, "activity_lines": [ 64.338211, 64.167015, 63.951699, 63.558681 ] }, { "date": "2025-03-28", "close": 64.375357, "volume": 2017860, "typical_volume": 1684182.4, "trend": 62.6488, "fair_value": 50.838359, "relative_strength": 7.739531, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.247963, "energy": 21.004802, "activity_lines": [ 64.457976, 64.253723, 63.947079, 63.680556 ] }, { "date": "2025-04-04", "close": 55.469827, "volume": 2911931, "typical_volume": 1732770.15, "trend": 62.570932, "fair_value": 50.878285, "relative_strength": 2.041842, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.874729, "energy": 33.928763, "activity_lines": [ 61.431184, 62.685161, 63.095166, 63.217396 ] }, { "date": "2025-04-11", "close": 54.710888, "volume": 3826226, "typical_volume": 1833805.1, "trend": 62.49061, "fair_value": 50.911564, "relative_strength": -4.719657, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.872507, "energy": 57.359616, "activity_lines": [ 58.781621, 61.106879, 62.229735, 62.710297 ] }, { "date": "2025-04-18", "close": 54.480324, "volume": 2411513, "typical_volume": 1892450.85, "trend": 62.386104, "fair_value": 50.97146, "relative_strength": -3.620754, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.741154, "energy": 76.850581, "activity_lines": [ 56.670681, 59.659685, 61.407826, 62.193504 ] }, { "date": "2025-04-25", "close": 55.911741, "volume": 2486822, "typical_volume": 1936073.8, "trend": 62.32011, "fair_value": 51.064662, "relative_strength": -5.334194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.092012, "energy": 75.236837, "activity_lines": [ 55.795178, 58.668028, 60.788272, 61.775803 ] }, { "date": "2025-05-02", "close": 59.014747, "volume": 2429351, "typical_volume": 1986092.8, "trend": 62.343907, "fair_value": 51.163163, "relative_strength": -2.818466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.686128, "energy": 67.52537, "activity_lines": [ 56.470218, 58.397465, 60.519589, 61.562554 ] }, { "date": "2025-05-09", "close": 61.752693, "volume": 2563003, "typical_volume": 2009535.5, "trend": 62.472612, "fair_value": 51.289843, "relative_strength": 2.171325, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.904488, "energy": 33.838597, "activity_lines": [ 58.415281, 58.673617, 60.538893, 61.524411 ] }, { "date": "2025-05-16", "close": 62.146573, "volume": 2741413, "typical_volume": 2109695.8, "trend": 62.524972, "fair_value": 51.417371, "relative_strength": -2.244841, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.116208, "energy": 17.273751, "activity_lines": [ 60.072779, 59.079025, 60.597837, 61.503377 ] }, { "date": "2025-05-23", "close": 59.789801, "volume": 2892375, "typical_volume": 2198883.9, "trend": 62.518445, "fair_value": 51.497749, "relative_strength": -3.454693, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.689037, "energy": 21.457743, "activity_lines": [ 60.448974, 59.088593, 60.433125, 61.326914 ] }, { "date": "2025-05-30", "close": 61.527596, "volume": 1866837, "typical_volume": 2216918.55, "trend": 62.588564, "fair_value": 51.596497, "relative_strength": -2.303293, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.436997, "energy": 19.865971, "activity_lines": [ 61.050469, 59.524396, 60.451538, 61.262988 ] }, { "date": "2025-06-06", "close": 61.691721, "volume": 1933591, "typical_volume": 2235018.15, "trend": 62.493138, "fair_value": 51.706477, "relative_strength": -3.592935, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.773668, "energy": 15.926386, "activity_lines": [ 61.332282, 60.028717, 60.47854, 61.205127 ] }, { "date": "2025-06-13", "close": 60.900059, "volume": 3453992, "typical_volume": 2349824.55, "trend": 62.262812, "fair_value": 51.840878, "relative_strength": -4.502102, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.725377, "energy": 9.122655, "activity_lines": [ 61.171743, 60.437893, 60.433473, 61.102348 ] }, { "date": "2025-06-20", "close": 61.05453, "volume": 2234767, "typical_volume": 2392093.75, "trend": 62.01591, "fair_value": 51.951631, "relative_strength": -4.088123, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.894562, "energy": 9.628381, "activity_lines": [ 61.119536, 60.776423, 60.410855, 61.024394 ] }, { "date": "2025-06-27", "close": 61.865501, "volume": 3270853, "typical_volume": 2413553.35, "trend": 61.799864, "fair_value": 52.064228, "relative_strength": -6.008291, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.644332, "energy": 8.202127, "activity_lines": [ 61.410456, 61.147063, 60.480575, 61.01469 ] }, { "date": "2025-07-04", "close": 61.38278, "volume": 2851139, "typical_volume": 2469937.05, "trend": 61.594815, "fair_value": 52.16841, "relative_strength": -8.235928, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.19174, "energy": 8.605776, "activity_lines": [ 61.402089, 61.29566, 60.520299, 60.987782 ] }, { "date": "2025-07-11", "close": 58.959521, "volume": 3525003, "typical_volume": 2591025.45, "trend": 61.402363, "fair_value": 52.270823, "relative_strength": -11.447793, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.495188, "energy": 16.107912, "activity_lines": [ 60.595623, 60.904192, 60.34428, 60.817763 ] }, { "date": "2025-07-18", "close": 59.596713, "volume": 2798273, "typical_volume": 2666410.4, "trend": 61.315601, "fair_value": 52.379461, "relative_strength": -10.835772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.801154, "energy": 18.370267, "activity_lines": [ 60.183701, 60.62958, 60.242018, 60.701269 ] }, { "date": "2025-07-25", "close": 58.303021, "volume": 2696315, "typical_volume": 2691454.9, "trend": 61.181891, "fair_value": 52.482524, "relative_strength": -13.715668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.20168, "energy": 37.942145, "activity_lines": [ 59.427439, 60.158951, 60.04191, 60.506909 ] }, { "date": "2025-08-01", "close": 57.984425, "volume": 2732780, "typical_volume": 2700631.4, "trend": 60.998365, "fair_value": 52.601301, "relative_strength": -11.723239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.737728, "energy": 52.762622, "activity_lines": [ 58.748411, 59.700278, 59.838317, 60.300621 ] }, { "date": "2025-08-08", "close": 48.532751, "volume": 10187755, "typical_volume": 3091589.95, "trend": 60.614506, "fair_value": 52.635488, "relative_strength": -27.479431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.154315, "energy": 81.340149, "activity_lines": [ 55.177564, 57.555945, 58.772043, 59.496388 ] }, { "date": "2025-08-15", "close": 51.342187, "volume": 5674436, "typical_volume": 3274418.75, "trend": 60.24622, "fair_value": 52.680814, "relative_strength": -23.635515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.00179, "energy": 81.982033, "activity_lines": [ 53.399865, 56.158687, 58.045343, 58.898174 ] }, { "date": "2025-08-22", "close": 52.080423, "volume": 4315961, "typical_volume": 3344620.25, "trend": 59.898079, "fair_value": 52.740129, "relative_strength": -22.393878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.468863, "energy": 81.38034, "activity_lines": [ 52.376066, 55.083828, 57.451015, 58.371348 ] }, { "date": "2025-08-29", "close": 52.109562, "volume": 3259665, "typical_volume": 3316292.2, "trend": 59.494186, "fair_value": 52.807548, "relative_strength": -21.942646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.546835, "energy": 80.935673, "activity_lines": [ 51.863066, 54.174624, 56.875602, 57.868863 ] }, { "date": "2025-09-05", "close": 52.420374, "volume": 2947491, "typical_volume": 3343091.1, "trend": 59.06751, "fair_value": 52.860427, "relative_strength": -21.343526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.505139, "energy": 68.678019, "activity_lines": [ 51.866567, 53.484567, 56.342177, 57.412488 ] }, { "date": "2025-09-12", "close": 51.876453, "volume": 3846433, "typical_volume": 3411071.65, "trend": 58.645329, "fair_value": 52.923208, "relative_strength": -23.018958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.299109, "energy": 51.601593, "activity_lines": [ 52.059699, 52.867344, 55.76676, 56.948549 ] }, { "date": "2025-09-19", "close": 50.341819, "volume": 5227847, "typical_volume": 3550996.45, "trend": 58.266568, "fair_value": 52.988784, "relative_strength": -25.836397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.686101, "energy": 52.7245, "activity_lines": [ 51.518372, 52.14394, 55.064402, 56.412839 ] }, { "date": "2025-09-26", "close": 50.370958, "volume": 5864207, "typical_volume": 3716056.65, "trend": 57.781502, "fair_value": 53.071487, "relative_strength": -25.211143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.402155, "energy": 51.649616, "activity_lines": [ 51.053449, 51.582519, 54.40612, 55.903445 ] }, { "date": "2025-10-03", "close": 49.185987, "volume": 4866366, "typical_volume": 3822304.3, "trend": 57.2896, "fair_value": 53.133437, "relative_strength": -27.37235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.241947, "energy": 54.948843, "activity_lines": [ 50.3075, 50.97339, 53.689182, 55.348895 ] }, { "date": "2025-10-10", "close": 46.631502, "volume": 4488372, "typical_volume": 3902104.15, "trend": 56.648823, "fair_value": 53.17226, "relative_strength": -29.036864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.642614, "energy": 75.808662, "activity_lines": [ 48.904962, 50.065573, 52.790676, 54.661276 ] }, { "date": "2025-10-17", "close": 47.826185, "volume": 7667391, "typical_volume": 4192131.85, "trend": 56.121201, "fair_value": 53.229977, "relative_strength": -28.01186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.146798, "energy": 67.901492, "activity_lines": [ 48.286575, 49.581388, 52.068609, 54.092074 ] }, { "date": "2025-10-24", "close": 46.398393, "volume": 4139329, "typical_volume": 4302418.75, "trend": 55.521968, "fair_value": 53.253625, "relative_strength": -31.00494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.626998, "energy": 71.468188, "activity_lines": [ 47.462276, 48.850452, 51.275806, 53.464796 ] }, { "date": "2025-10-31", "close": 43.698214, "volume": 4792016, "typical_volume": 4369319.95, "trend": 55.129581, "fair_value": 53.207224, "relative_strength": -34.958726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.022239, "energy": 80.984438, "activity_lines": [ 46.000813, 47.718461, 50.298668, 52.701973 ] }, { "date": "2025-11-07", "close": 35.957055, "volume": 9408633, "typical_volume": 4728013.25, "trend": 54.504454, "fair_value": 53.114692, "relative_strength": -44.998855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.462498, "energy": 97.729825, "activity_lines": [ 42.403812, 45.33139, 48.666191, 51.465036 ] }, { "date": "2025-11-14", "close": 37.19059, "volume": 5077732, "typical_volume": 4818357.2, "trend": 53.928129, "fair_value": 53.038601, "relative_strength": -42.491596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.331898, "energy": 96.251186, "activity_lines": [ 40.099919, 43.46228, 47.270705, 50.348012 ] }, { "date": "2025-11-21", "close": 38.202779, "volume": 5390660, "typical_volume": 4945333.25, "trend": 53.33783, "fair_value": 52.96566, "relative_strength": -39.059158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.48724, "energy": 90.786277, "activity_lines": [ 38.762816, 42.05411, 46.089118, 49.333474 ] }, { "date": "2025-11-28", "close": 39.89785, "volume": 3870357, "typical_volume": 4962600.95, "trend": 52.700601, "fair_value": 52.887717, "relative_strength": -37.915697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.365992, "energy": 88.313736, "activity_lines": [ 38.632297, 41.202746, 45.179347, 48.466378 ] }, { "date": "2025-12-05", "close": 38.66329, "volume": 3531692, "typical_volume": 4999271.9, "trend": 51.930954, "fair_value": 52.814508, "relative_strength": -39.343057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.428527, "energy": 66.616841, "activity_lines": [ 38.523628, 40.316808, 44.242769, 47.560745 ] }, { "date": "2025-12-12", "close": 40.426947, "volume": 3553348, "typical_volume": 5042123.55, "trend": 51.206966, "fair_value": 52.774855, "relative_strength": -35.555459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.233997, "energy": 62.024894, "activity_lines": [ 39.338506, 39.964401, 43.573841, 46.818551 ] }, { "date": "2025-12-19", "close": 39.966436, "volume": 5631725, "typical_volume": 5187070.8, "trend": 50.546187, "fair_value": 52.735236, "relative_strength": -35.727173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.727861, "energy": 51.396464, "activity_lines": [ 39.701888, 39.68752, 42.946179, 46.093356 ] }, { "date": "2025-12-26", "close": 40.093812, "volume": 2151245, "typical_volume": 4785245.3, "trend": 49.831728, "fair_value": 52.704163, "relative_strength": -35.783136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.807194, "energy": 46.330739, "activity_lines": [ 39.922672, 39.554982, 42.416448, 45.419009 ] }, { "date": "2026-01-02", "close": 38.731876, "volume": 2793840, "typical_volume": 4641215.5, "trend": 49.0664, "fair_value": 52.632448, "relative_strength": -36.617828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.316861, "energy": 44.904755, "activity_lines": [ 39.563408, 39.315407, 41.797194, 44.702889 ] }, { "date": "2026-01-09", "close": 38.957232, "volume": 3978929, "typical_volume": 4624363.9, "trend": 48.334972, "fair_value": 52.555385, "relative_strength": -36.588654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.825117, "energy": 44.847079, "activity_lines": [ 39.356995, 39.256197, 41.259452, 44.050685 ] }, { "date": "2026-01-16", "close": 37.712874, "volume": 3059179, "typical_volume": 4614339.6, "trend": 47.556917, "fair_value": 52.483051, "relative_strength": -37.708628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.260781, "energy": 53.760985, "activity_lines": [ 38.716199, 39.056941, 40.665691, 43.365388 ] }, { "date": "2026-01-23", "close": 37.918634, "volume": 2925237, "typical_volume": 4613226.9, "trend": 46.758688, "fair_value": 52.39892, "relative_strength": -36.463549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.173917, "energy": 53.74558, "activity_lines": [ 38.324928, 38.863171, 40.160081, 42.743564 ] }, { "date": "2026-01-30", "close": 38.614299, "volume": 4220400, "typical_volume": 4631925.25, "trend": 45.999739, "fair_value": 52.289269, "relative_strength": -34.798693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.597808, "energy": 50.094982, "activity_lines": [ 38.302066, 38.782648, 39.789782, 42.218119 ] }, { "date": "2026-02-06", "close": 33.548683, "volume": 7649400, "typical_volume": 4753002.9, "trend": 45.152711, "fair_value": 52.124311, "relative_strength": -42.449281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.053344, "energy": 78.871249, "activity_lines": [ 36.6893, 37.773622, 39.000196, 41.414825 ] }, { "date": "2026-02-13", "close": 31.4029, "volume": 5201236, "typical_volume": 4719854.35, "trend": 44.212917, "fair_value": 51.940125, "relative_strength": -44.659813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.210411, "energy": 91.492711, "activity_lines": [ 34.706818, 36.489893, 38.086217, 40.527741 ] }, { "date": "2026-02-20", "close": 31.980794, "volume": 3731224, "typical_volume": 4663097.25, "trend": 43.335509, "fair_value": 51.779413, "relative_strength": -43.51665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.060315, "energy": 91.423267, "activity_lines": [ 33.42059, 35.443243, 37.317599, 39.738571 ] }, { "date": "2026-02-27", "close": 31.980794, "volume": 4989356, "typical_volume": 4688146.45, "trend": 42.468722, "fair_value": 51.614111, "relative_strength": -42.370772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.575815, "energy": 89.878769, "activity_lines": [ 32.516501, 34.55016, 36.630911, 39.006009 ] }, { "date": "2026-03-06", "close": 31.446461, "volume": 3273872, "typical_volume": 4468470.5, "trend": 41.899179, "fair_value": 51.475861, "relative_strength": -41.271355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.014976, "energy": 88.499935, "activity_lines": [ 31.830156, 33.705118, 35.9631, 38.294896 ] }, { "date": "2026-03-13", "close": 29.408081, "volume": 4490549, "typical_volume": 4486031.5, "trend": 41.168042, "fair_value": 51.351608, "relative_strength": -43.22724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.65648, "energy": 88.705223, "activity_lines": [ 30.942208, 32.646687, 35.179156, 37.489018 ] }, { "date": "2026-03-20", "close": 29.378396, "volume": 13558821, "typical_volume": 4924371.75, "trend": 40.411308, "fair_value": 51.229107, "relative_strength": -41.252825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.220868, "energy": 74.440251, "activity_lines": [ 30.320405, 31.752381, 34.47329, 36.728396 ] }, { "date": "2026-03-27", "close": 29.596087, "volume": 4487293, "typical_volume": 4678304.75, "trend": 39.660859, "fair_value": 51.097234, "relative_strength": -38.382466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.737735, "energy": 67.709156, "activity_lines": [ 29.906132, 31.071817, 33.856347, 36.03064 ] }, { "date": "2026-04-03", "close": 30.298636, "volume": 2988402, "typical_volume": 4573838.25, "trend": 38.923467, "fair_value": 50.959392, "relative_strength": -37.990063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.746971, "energy": 65.052256, "activity_lines": [ 29.885023, 30.666566, 33.336604, 35.426625 ] }, { "date": "2026-04-10", "close": 30.803283, "volume": 3563056, "typical_volume": 4482458.05, "trend": 38.221028, "fair_value": 50.847495, "relative_strength": -38.219907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.699981, "energy": 58.181869, "activity_lines": [ 30.144273, 30.491616, 32.897741, 34.902743 ] }, { "date": "2026-04-17", "close": 32.802083, "volume": 2805302, "typical_volume": 4429205.3, "trend": 37.63637, "fair_value": 50.734703, "relative_strength": -36.073421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.861936, "energy": 41.850404, "activity_lines": [ 31.112668, 30.822101, 32.684476, 34.553133 ] }, { "date": "2026-04-24", "close": 32.475546, "volume": 3713929, "typical_volume": 4438317.15, "trend": 37.039857, "fair_value": 50.656648, "relative_strength": -36.073186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.997427, "energy": 29.273456, "activity_lines": [ 31.745951, 31.106791, 32.473901, 34.220177 ] }, { "date": "2026-05-01", "close": 33.791587, "volume": 3175453, "typical_volume": 4419422.4, "trend": 36.52671, "fair_value": 50.605385, "relative_strength": -33.044629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.495647, "energy": 23.798163, "activity_lines": [ 32.611438, 31.611259, 32.418129, 34.010611 ] }, { "date": "2026-05-08", "close": 29.972099, "volume": 6096843, "typical_volume": 4442678.3, "trend": 35.971397, "fair_value": 50.535523, "relative_strength": -40.841036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.692792, "energy": 26.718253, "activity_lines": [ 31.924062, 31.38835, 32.030194, 33.587733 ] }, { "date": "2026-05-15", "close": 29.378396, "volume": 5914134, "typical_volume": 4630822.75, "trend": 35.35647, "fair_value": 50.460254, "relative_strength": -41.044332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.705934, "energy": 38.438088, "activity_lines": [ 31.060554, 31.094017, 31.633307, 33.162378 ] }, { "date": "2026-05-22", "close": 29.71, "volume": 4604330, "typical_volume": 4721347.25, "trend": 34.80019, "fair_value": 50.390726, "relative_strength": -39.786911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.956212, "energy": 42.852373, "activity_lines": [ 30.402573, 30.897578, 31.319027, 32.79809 ] }, { "date": "2026-05-29", "close": 24.67, "volume": 5411728, "typical_volume": 4792987.2, "trend": 34.165917, "fair_value": 50.287468, "relative_strength": -49.65007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.828125, "energy": 80.646395, "activity_lines": [ 28.270732, 29.779285, 30.567709, 32.144529 ] }, { "date": "2026-06-05", "close": 24.75, "volume": 6744995, "typical_volume": 4977278.0, "trend": 33.792348, "fair_value": 50.175243, "relative_strength": -47.081185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.514034, "energy": 85.629226, "activity_lines": [ 26.685926, 28.761144, 29.892044, 31.53705 ] }, { "date": "2026-06-12", "close": 25.02, "volume": 5141924, "typical_volume": 5088112.35, "trend": 33.386662, "fair_value": 50.064097, "relative_strength": -45.662363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.336767, "energy": 87.021693, "activity_lines": [ 25.793893, 27.880206, 29.303821, 30.971093 ] }, { "date": "2026-06-19", "close": 25.03, "volume": 5240248, "typical_volume": 5139104.75, "trend": 32.947569, "fair_value": 49.938796, "relative_strength": -44.944309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.3047, "energy": 85.455993, "activity_lines": [ 25.235333, 27.09706, 28.777973, 30.431953 ] }, { "date": "2026-06-26", "close": 26.81, "volume": 12418995, "typical_volume": 5377584.5, "trend": 32.511308, "fair_value": 49.824727, "relative_strength": -38.328042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.454115, "energy": 69.502342, "activity_lines": [ 25.56, 26.74252, 28.486335, 30.035981 ] }, { "date": "2026-07-03", "close": 28.83, "volume": 4683406, "typical_volume": 5351693.0, "trend": 32.183531, "fair_value": 49.724496, "relative_strength": -33.79496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.085094, "energy": 44.19933, "activity_lines": [ 26.751333, 26.8642, 28.419168, 29.798477 ] }, { "date": "2026-07-10", "close": 29.43, "volume": 4558153, "typical_volume": 5393039.45, "trend": 31.816966, "fair_value": 49.643752, "relative_strength": -32.062674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.110024, "energy": 25.273065, "activity_lines": [ 27.865333, 27.161253, 28.421396, 29.62083 ] }, { "date": "2026-07-17", "close": 28.02, "volume": 3998612, "typical_volume": 5343502.25, "trend": 31.418752, "fair_value": 49.532997, "relative_strength": -32.993317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.343512, "energy": 23.558352, "activity_lines": [ 28.197333, 27.281244, 28.301484, 29.375864 ] }, { "date": "2026-07-24", "close": 28.81, "volume": 4260618, "typical_volume": 5392839.55, "trend": 31.042625, "fair_value": 49.414745, "relative_strength": -29.405735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.904231, "energy": 23.296136, "activity_lines": [ 28.592667, 27.580364, 28.275671, 29.207558 ] }, { "date": "2026-07-31", "close": 28.38, "volume": 3859924, "typical_volume": 5361308.3, "trend": 30.697562, "fair_value": 49.294092, "relative_strength": -29.837858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.382897, "energy": 18.438501, "activity_lines": [ 28.592667, 27.811636, 28.221461, 29.035776 ] }, { "date": "2026-08-07", "close": 28.51, "volume": 4535842, "typical_volume": 4910159.35, "trend": 30.349321, "fair_value": 49.191454, "relative_strength": -30.922582, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.769015, "energy": 14.730757, "activity_lines": [ 28.531333, 28.090727, 28.184527, 28.894643 ] } ], "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." } } }