{ "ticker": { "uuid": "18e5f4cc-8a39-4ab1-b8d4-4c319f92d3aa", "symbol": "BKV", "name": "BKV 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.925, "architecture_energy": 50.367, "architecture_maturity": 23.804, "architecture_confidence": 95.503, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 19.36, "rotation_up": 19.02, "upward_expansion": 9.07, "deceleration": 43.36, "rotation_down": 58.96, "downward_expansion": 84.73 }, "activity_lines": [ 24.930667, 25.323273, 26.167762, 26.969161 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.833333 }, "latest_close": 24.46, "trend_reference": 27.866, "distance_from_trend": -0.122228, "trend_direction": "Weakening", "fair_value": 23.92898, "distance_from_fair_value": 0.022192, "fair_value_direction": "Weakening", "relative_strength": -17.468589, "relative_strength_direction": "Weakening", "price_momentum": -0.193006, "excess_performance": -0.31863, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122228, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.019907, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.022192, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.155111, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.174686, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.149197, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.193006, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.564461, "read": "Supply-led" } ], "volume": { "latest": 4955393, "relative_activity": 1.16077, "balance": 0.564461, "dry_up": 1.006231, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.085797, "annualized_volatility": 0.333051, "from_high_reference": -0.254496, "from_low_reference": 0.235354 }, "levels": { "trend_reference": 27.866, "fair_value_reference": 23.92898, "structural_low": 22.72, "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": 1, "median_return": -0.0158, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.029435, "regime_survival": 1.0, "best_return": -0.0158, "worst_return": -0.0158, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-15", "tenure": "Developing", "return": 0.031849, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.082715, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": -0.020351, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.057418, "active": true } ], "chart_path": [ { "date": "2024-09-27", "close": 18.05, "volume": 7585569, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 18.05, "volume": 3939050, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 18.19, "volume": 1004184, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 18.45, "volume": 1483417, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 18.05, "volume": 1164748, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 17.64, "volume": 948596, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 19.5, "volume": 722475, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 20.61, "volume": 1650574, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 21.93, "volume": 1536129, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 21.96, "volume": 1276873, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 21.67, "volume": 1580356, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 23.25, "volume": 2255272, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 21.69, "volume": 5194058, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 22.53, "volume": 834897, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 23.68, "volume": 1372996, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 24.45, "volume": 1599881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 24.38, "volume": 2303434, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 26.49, "volume": 2909599, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 24.5, "volume": 2574488, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 24.08, "volume": 1624685, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 23.66, "volume": 1481122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 23.35, "volume": 1696905, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 20.19, "volume": 3762709, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 18.22, "volume": 3397915, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 20.02, "volume": 2193664, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 20.76, "volume": 1193924, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 20.74, "volume": 2688230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 17.11, "volume": 2846734, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 16.54, "volume": 2603621, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 17.52, "volume": 1229822, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 18.42, "volume": 1864616, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 18.6, "volume": 1374917, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 20.47, "volume": 1804302, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 22.25, "volume": 2007170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 21.66, "volume": 1829851, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 21.5, "volume": 951520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 22.54, "volume": 1139789, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 23.32, "volume": 1159777, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 24.17, "volume": 1113562, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 24.51, "volume": 3870653, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 22.75, "volume": 2519633, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 22.68, "volume": 1475046, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 22.14, "volume": 1811812, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 19.68, "volume": 2170257, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 19.98, "volume": 2622586, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 20.0, "volume": 1409192, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 21.42, "volume": 1955689, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 22.81, "volume": 1063341, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 23.31, "volume": 956178, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 21.89, "volume": 958669, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 22.1, "volume": 1224046, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 21.37, "volume": 2103184, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 23.95, "volume": 2108424, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 24.02, "volume": 2729642, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 20.43, "volume": 2266615, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 20.24, "volume": 2303727, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 20.45, "volume": 2155894, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 23.59, "volume": 4261226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 25.39, "volume": 3938031, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 27.95, "volume": 5131680, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 25.98, "volume": 4763732, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 27.61, "volume": 2516748, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 29.0, "volume": 9173809, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 28.38, "volume": 4296964, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 26.73, "volume": 6252759, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 27.27, "volume": 2064791, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 27.44, "volume": 2731193, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 25.8, "volume": 3334327, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 26.25, "volume": 3339063, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 28.17, "volume": 2582832, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 29.75, "volume": 3822035, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 30.31, "volume": 3213328, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-13", "close": 30.55, "volume": 3602085, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-20", "close": 31.42, "volume": 2022331, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-27", "close": 31.33, "volume": 4243907, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-06", "close": 30.74, "volume": 4611876, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-13", "close": 28.75, "volume": 9262581, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-20", "close": 29.1, "volume": 6852011, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-27", "close": 29.94, "volume": 7080830, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-04-03", "close": 27.63, "volume": 4653196, "typical_volume": 4521019.9, "trend": 26.721333, "fair_value": 23.2875, "relative_strength": 10.79174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.834687, "energy": 17.247023, "activity_lines": [ 28.896667, 29.610909, 29.139143, 28.251527 ] }, { "date": "2026-04-10", "close": 28.18, "volume": 3333691, "typical_volume": 4449517.85, "trend": 26.924, "fair_value": 23.347901, "relative_strength": 8.510846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.684227, "energy": 15.944926, "activity_lines": [ 28.546, 29.288727, 29.098429, 28.345634 ] }, { "date": "2026-04-17", "close": 27.75, "volume": 4693378, "typical_volume": 4558349.35, "trend": 27.136667, "fair_value": 23.401585, "relative_strength": 1.960949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.654164, "energy": 11.03014, "activity_lines": [ 28.222667, 28.916909, 29.006286, 28.398925 ] }, { "date": "2026-04-24", "close": 29.08, "volume": 4157198, "typical_volume": 4307518.8, "trend": 27.307667, "fair_value": 23.47, "relative_strength": 5.912535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.368563, "energy": 12.830802, "activity_lines": [ 28.409333, 28.833455, 29.040143, 28.524301 ] }, { "date": "2026-05-01", "close": 31.32, "volume": 4009424, "typical_volume": 4293141.8, "trend": 27.551, "fair_value": 23.563452, "relative_strength": 12.431565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.057788, "energy": 19.813103, "activity_lines": [ 29.344, 29.184, 29.286952, 28.783161 ] }, { "date": "2026-05-08", "close": 27.8, "volume": 5864554, "typical_volume": 4273731.55, "trend": 27.796667, "fair_value": 23.613294, "relative_strength": -2.548854, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.116797, "energy": 8.652466, "activity_lines": [ 29.013333, 28.896364, 29.184524, 28.799226 ] }, { "date": "2026-05-15", "close": 28.51, "volume": 3881961, "typical_volume": 4364590.05, "trend": 28.072333, "fair_value": 23.670233, "relative_strength": -0.304039, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.268466, "energy": 12.264344, "activity_lines": [ 28.908, 28.802, 29.144619, 28.845247 ] }, { "date": "2026-05-22", "close": 28.29, "volume": 3308600, "typical_volume": 4393460.4, "trend": 28.333667, "fair_value": 23.723333, "relative_strength": -1.937077, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.426739, "energy": 6.48877, "activity_lines": [ 28.707333, 28.708182, 29.077857, 28.85929 ] }, { "date": "2026-05-29", "close": 26.54, "volume": 3153633, "typical_volume": 4384425.7, "trend": 28.432, "fair_value": 23.755341, "relative_strength": -9.239651, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.521063, "energy": 26.140712, "activity_lines": [ 27.887333, 28.304545, 28.840381, 28.74357 ] }, { "date": "2026-06-05", "close": 25.95, "volume": 3258749, "typical_volume": 4380410.0, "trend": 28.450667, "fair_value": 23.78, "relative_strength": -8.849574, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.601397, "energy": 45.644474, "activity_lines": [ 27.04, 27.840182, 28.54319, 28.583441 ] }, { "date": "2026-06-12", "close": 25.06, "volume": 3293770, "typical_volume": 4415956.9, "trend": 28.354333, "fair_value": 23.794222, "relative_strength": -12.223792, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.503844, "energy": 57.864885, "activity_lines": [ 26.254, 27.286545, 28.162667, 28.364688 ] }, { "date": "2026-06-19", "close": 24.55, "volume": 3796653, "typical_volume": 4414687.8, "trend": 28.306667, "fair_value": 23.802527, "relative_strength": -14.450439, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.151321, "energy": 73.652037, "activity_lines": [ 25.480667, 26.686909, 27.748381, 28.119247 ] }, { "date": "2026-06-26", "close": 25.95, "volume": 6118621, "typical_volume": 4559952.45, "trend": 28.251333, "fair_value": 23.82587, "relative_strength": -7.151527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.702493, "energy": 66.834421, "activity_lines": [ 25.438, 26.407818, 27.49219, 27.967204 ] }, { "date": "2026-07-03", "close": 27.35, "volume": 3942737, "typical_volume": 4576985.05, "trend": 28.196333, "fair_value": 23.863763, "relative_strength": -4.214144, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.089805, "energy": 48.946052, "activity_lines": [ 26.018, 26.416, 27.390095, 27.909054 ] }, { "date": "2026-07-10", "close": 25.3, "volume": 3651505, "typical_volume": 4658443.75, "trend": 28.093667, "fair_value": 23.879043, "relative_strength": -12.444234, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.625181, "energy": 39.088458, "activity_lines": [ 25.860667, 26.082909, 27.108, 27.722194 ] }, { "date": "2026-07-17", "close": 25.95, "volume": 2882143, "typical_volume": 4590355.55, "trend": 28.067667, "fair_value": 23.900842, "relative_strength": -8.751344, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.921089, "energy": 30.334881, "activity_lines": [ 25.963333, 25.977455, 26.916952, 27.583892 ] }, { "date": "2026-07-24", "close": 25.54, "volume": 3724447, "typical_volume": 4545984.1, "trend": 28.01, "fair_value": 23.917917, "relative_strength": -9.814181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.40784, "energy": 27.504536, "activity_lines": [ 25.87, 25.831091, 26.712476, 27.420817 ] }, { "date": "2026-07-31", "close": 24.46, "volume": 5620642, "typical_volume": 4363887.15, "trend": 27.910667, "fair_value": 23.923505, "relative_strength": -14.575126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.865354, "energy": 40.274803, "activity_lines": [ 25.350667, 25.542364, 26.429905, 27.191785 ] }, { "date": "2026-08-07", "close": 24.46, "volume": 4955393, "typical_volume": 4269056.25, "trend": 27.866, "fair_value": 23.92898, "relative_strength": -17.468589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.92483, "energy": 50.36712, "activity_lines": [ 24.930667, 25.323273, 26.167762, 26.969161 ] } ], "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." } } }