{ "ticker": { "uuid": "18f825cc-eedd-4000-a24a-d958c8339554", "symbol": "BWE", "name": "BW Energy Limited", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 68.189, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": -6.811, "architecture_energy": 6.444, "architecture_maturity": 17.027, "architecture_confidence": 79.439, "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": 64.76, "rotation_up": 31.48, "upward_expansion": 25.34, "deceleration": 47.79, "rotation_down": 28.73, "downward_expansion": 27.67 }, "activity_lines": [ 52.433334, 52.10091, 53.610715, 53.839033 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 53.900002, "trend_reference": 52.903334, "distance_from_trend": 0.018839, "trend_direction": "Improving", "fair_value": 34.56891, "distance_from_fair_value": 0.559205, "fair_value_direction": "Weakening", "relative_strength": 2.036651, "relative_strength_direction": "Weakening", "price_momentum": 0.220838, "excess_performance": 0.095844, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.018839, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.085679, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.559205, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.0675, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020367, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.062124, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.220838, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.794081, "read": "Supply-led" } ], "volume": { "latest": 282451, "relative_activity": 0.620417, "balance": 0.794081, "dry_up": 0.722876, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.087627, "annualized_volatility": 0.362515, "from_high_reference": -0.13344, "from_low_reference": 0.623494 }, "levels": { "trend_reference": 52.903334, "fair_value_reference": 34.56891, "structural_low": 43.5, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.005653, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": -0.020978, "regime_survival": 0.5, "best_return": 0.16, "worst_return": -0.1352, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.034735, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.014762, "regime_survival": 0.428571, "best_return": 0.190813, "worst_return": -0.211786, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.076569, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.034105, "regime_survival": 0.0, "best_return": 0.232176, "worst_return": -0.127072, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.05046, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.14622, "regime_survival": 0.333333, "best_return": 0.0609, "worst_return": -0.066543, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.030575, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.189091, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-01", "tenure": "Developing", "return": 0.061654, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": -0.019074, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.105333, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": 0.186046, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.179894, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2026-01-02", "tenure": "Developing", "return": 0.29028, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-05-08", "tenure": "Established", "return": 0.181614, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.053763, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.094903, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.046422, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": 0.017682, "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": 28.549999, "volume": 893539, "typical_volume": 677003.65, "trend": 27.999667, "fair_value": 25.435513, "relative_strength": 3.138579, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.539808, "energy": 53.433391, "activity_lines": [ 29.57, 28.7, 28.148095, 27.981806 ] }, { "date": "2023-08-25", "close": 27.35, "volume": 1019519, "typical_volume": 694190.7, "trend": 27.956667, "fair_value": 25.487692, "relative_strength": -0.922403, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.084314, "energy": 29.578171, "activity_lines": [ 28.876667, 28.58, 28.082619, 27.939892 ] }, { "date": "2023-09-01", "close": 26.700001, "volume": 3818071, "typical_volume": 841635.95, "trend": 27.866667, "fair_value": 25.533846, "relative_strength": -5.937324, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.966769, "energy": 7.247448, "activity_lines": [ 28.013334, 28.331818, 27.959762, 27.858817 ] }, { "date": "2023-09-08", "close": 27.049999, "volume": 943695, "typical_volume": 860076.35, "trend": 27.774333, "fair_value": 25.587372, "relative_strength": -4.827678, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.956833, "energy": 15.148727, "activity_lines": [ 27.453333, 28.144545, 27.883333, 27.806129 ] }, { "date": "2023-09-15", "close": 26.65, "volume": 963581, "typical_volume": 889649.5, "trend": 27.649333, "fair_value": 25.639038, "relative_strength": -8.663192, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.259684, "energy": 21.607964, "activity_lines": [ 26.986667, 27.861818, 27.774524, 27.733591 ] }, { "date": "2023-09-22", "close": 26.85, "volume": 1176909, "typical_volume": 899207.6, "trend": 27.524333, "fair_value": 25.699936, "relative_strength": -7.980565, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.878407, "energy": 22.703914, "activity_lines": [ 26.85, 27.623636, 27.694048, 27.682021 ] }, { "date": "2023-09-29", "close": 27.35, "volume": 1161027, "typical_volume": 931960.35, "trend": 27.538, "fair_value": 25.767821, "relative_strength": -5.765061, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.909969, "energy": 26.303083, "activity_lines": [ 26.993333, 27.473636, 27.664048, 27.670774 ] }, { "date": "2023-10-06", "close": 26.049999, "volume": 1059937, "typical_volume": 971342.9, "trend": 27.525667, "fair_value": 25.819103, "relative_strength": -7.329429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.113298, "energy": 30.300803, "activity_lines": [ 26.703333, 27.1, 27.512143, 27.574774 ] }, { "date": "2023-10-13", "close": 26.450001, "volume": 663524, "typical_volume": 966022.2, "trend": 27.566, "fair_value": 25.879936, "relative_strength": -10.114859, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.565579, "energy": 32.376352, "activity_lines": [ 26.59, 26.861818, 27.412381, 27.505376 ] }, { "date": "2023-10-20", "close": 27.799999, "volume": 889829, "typical_volume": 986822.6, "trend": 27.664, "fair_value": 25.956474, "relative_strength": -2.656698, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.939591, "energy": 18.463282, "activity_lines": [ 26.966666, 26.941818, 27.439762, 27.520473 ] }, { "date": "2023-10-27", "close": 27.35, "volume": 802548, "typical_volume": 983537.8, "trend": 27.678333, "fair_value": 26.036923, "relative_strength": -3.531677, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.991191, "energy": 17.742603, "activity_lines": [ 27.116666, 26.990909, 27.423809, 27.500215 ] }, { "date": "2023-11-03", "close": 28.299999, "volume": 1278711, "typical_volume": 1015503.7, "trend": 27.678333, "fair_value": 26.110256, "relative_strength": -1.759199, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.544818, "energy": 11.317887, "activity_lines": [ 27.55, 27.234545, 27.501428, 27.540322 ] }, { "date": "2023-11-10", "close": 28.65, "volume": 1250647, "typical_volume": 1056801.2, "trend": 27.651667, "fair_value": 26.167372, "relative_strength": -0.316543, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.859441, "energy": 17.727612, "activity_lines": [ 28.036666, 27.524545, 27.605238, 27.603011 ] }, { "date": "2023-11-17", "close": 25.85, "volume": 2439125, "typical_volume": 1147030.85, "trend": 27.571667, "fair_value": 26.202179, "relative_strength": -10.757901, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.187246, "energy": 18.231066, "activity_lines": [ 27.416666, 27.27, 27.432381, 27.486774 ] }, { "date": "2023-11-24", "close": 24.25, "volume": 1899306, "typical_volume": 1210053.65, "trend": 27.426667, "fair_value": 26.217115, "relative_strength": -17.230008, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.438312, "energy": 43.496526, "activity_lines": [ 26.303333, 26.746363, 27.106905, 27.272473 ] }, { "date": "2023-12-01", "close": 25.049999, "volume": 2892092, "typical_volume": 1321251.75, "trend": 27.346667, "fair_value": 26.232051, "relative_strength": -13.600762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.009417, "energy": 60.027166, "activity_lines": [ 25.693333, 26.411818, 26.87119, 27.11914 ] }, { "date": "2023-12-08", "close": 24.4, "volume": 1946203, "typical_volume": 1389131.4, "trend": 27.235, "fair_value": 26.242179, "relative_strength": -14.991705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.349168, "energy": 70.950934, "activity_lines": [ 25.02, 25.991818, 26.581428, 26.929032 ] }, { "date": "2023-12-15", "close": 26.950001, "volume": 6230218, "typical_volume": 1655348.65, "trend": 27.166667, "fair_value": 26.244551, "relative_strength": -6.296604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.276148, "energy": 57.828075, "activity_lines": [ 25.456667, 26.089091, 26.551905, 26.910645 ] }, { "date": "2023-12-22", "close": 26.950001, "volume": 2924017, "typical_volume": 1761960.0, "trend": 27.193333, "fair_value": 26.251282, "relative_strength": -6.293252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.962196, "energy": 27.555066, "activity_lines": [ 26.006667, 26.17, 26.534524, 26.896667 ] }, { "date": "2023-12-29", "close": 27.0, "volume": 1268054, "typical_volume": 1776027.6, "trend": 27.17, "fair_value": 26.247436, "relative_strength": -6.884719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.569641, "energy": 13.36457, "activity_lines": [ 26.5, 26.250909, 26.538571, 26.884193 ] }, { "date": "2024-01-05", "close": 26.9, "volume": 1101317, "typical_volume": 1786416.5, "trend": 27.133333, "fair_value": 26.224359, "relative_strength": -7.905314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.357578, "energy": 19.029535, "activity_lines": [ 26.776667, 26.328182, 26.550238, 26.866774 ] }, { "date": "2024-01-12", "close": 26.799999, "volume": 2592537, "typical_volume": 1865067.4, "trend": 27.133333, "fair_value": 26.207564, "relative_strength": -6.684535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.88054, "energy": 17.621746, "activity_lines": [ 26.896667, 26.395455, 26.560238, 26.845269 ] }, { "date": "2024-01-19", "close": 27.35, "volume": 1066160, "typical_volume": 1727471.85, "trend": 27.16, "fair_value": 26.220577, "relative_strength": -2.987964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.313876, "energy": 13.601322, "activity_lines": [ 27.04, 26.59, 26.625238, 26.859247 ] }, { "date": "2024-01-26", "close": 28.950001, "volume": 1535170, "typical_volume": 1757045.6, "trend": 27.265, "fair_value": 26.251154, "relative_strength": 1.589127, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.749023, "energy": 32.721524, "activity_lines": [ 27.69, 27.099091, 26.839524, 26.974731 ] }, { "date": "2024-02-02", "close": 27.450001, "volume": 643018, "typical_volume": 1741017.45, "trend": 27.276667, "fair_value": 26.264679, "relative_strength": -1.790839, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.570255, "energy": 25.642925, "activity_lines": [ 27.706667, 27.279091, 26.901905, 26.986667 ] }, { "date": "2024-02-09", "close": 26.6, "volume": 618729, "typical_volume": 1713108.45, "trend": 27.273333, "fair_value": 26.272885, "relative_strength": -2.212513, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.693486, "energy": 12.792781, "activity_lines": [ 27.41, 27.246364, 26.879524, 26.943011 ] }, { "date": "2024-02-16", "close": 26.4, "volume": 412748, "typical_volume": 1675694.5, "trend": 27.218333, "fair_value": 26.285833, "relative_strength": -4.432577, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.178007, "energy": 16.499318, "activity_lines": [ 27.066667, 27.149091, 26.839286, 26.886667 ] }, { "date": "2024-02-23", "close": 26.700001, "volume": 267852, "typical_volume": 1636090.25, "trend": 27.125, "fair_value": 26.295705, "relative_strength": -2.777298, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.806783, "energy": 18.250939, "activity_lines": [ 26.850001, 27.07, 26.832143, 26.853226 ] }, { "date": "2024-03-01", "close": 27.049999, "volume": 931417, "typical_volume": 1649484.9, "trend": 27.011667, "fair_value": 26.302436, "relative_strength": -2.590142, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.252872, "energy": 11.258576, "activity_lines": [ 26.793333, 27.059091, 26.855238, 26.848387 ] }, { "date": "2024-03-08", "close": 27.75, "volume": 491728, "typical_volume": 1629579.85, "trend": 26.916667, "fair_value": 26.296346, "relative_strength": -0.393024, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.657191, "energy": 7.445703, "activity_lines": [ 27.096667, 27.173636, 26.942143, 26.896022 ] }, { "date": "2024-03-15", "close": 26.200001, "volume": 766029, "typical_volume": 1627753.9, "trend": 26.838333, "fair_value": 26.28891, "relative_strength": -6.830624, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.595916, "energy": 6.966107, "activity_lines": [ 26.863334, 26.992728, 26.881667, 26.849785 ] }, { "date": "2024-03-22", "close": 26.5, "volume": 428980, "typical_volume": 1585267.35, "trend": 26.81, "fair_value": 26.287885, "relative_strength": -7.500323, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.074953, "energy": 2.95851, "activity_lines": [ 26.756667, 26.879091, 26.855238, 26.827957 ] }, { "date": "2024-03-29", "close": 26.65, "volume": 230229, "typical_volume": 1534246.45, "trend": 26.808333, "fair_value": 26.28641, "relative_strength": -7.390382, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.204923, "energy": 5.956543, "activity_lines": [ 26.693333, 26.798182, 26.851667, 26.817635 ] }, { "date": "2024-04-05", "close": 27.65, "volume": 406699, "typical_volume": 1432625.15, "trend": 26.828333, "fair_value": 26.296987, "relative_strength": -5.304884, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.620568, "energy": 15.719045, "activity_lines": [ 26.966667, 26.911818, 26.952857, 26.871936 ] }, { "date": "2024-04-12", "close": 28.75, "volume": 753907, "typical_volume": 1375355.2, "trend": 26.898333, "fair_value": 26.31109, "relative_strength": -3.030165, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.640198, "energy": 42.202554, "activity_lines": [ 27.566667, 27.249091, 27.150238, 26.995914 ] }, { "date": "2024-04-19", "close": 28.299999, "volume": 508430, "typical_volume": 1256172.1, "trend": 26.946667, "fair_value": 26.320705, "relative_strength": -1.864208, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.619075, "energy": 51.6718, "activity_lines": [ 27.95, 27.480909, 27.283333, 27.086344 ] }, { "date": "2024-04-26", "close": 28.6, "volume": 484317, "typical_volume": 1183077.8, "trend": 26.988333, "fair_value": 26.326154, "relative_strength": -2.410158, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.691712, "energy": 61.760851, "activity_lines": [ 28.293333, 27.736364, 27.429524, 27.193011 ] }, { "date": "2024-05-03", "close": 29.0, "volume": 623284, "typical_volume": 902731.1, "trend": 27.086667, "fair_value": 26.349872, "relative_strength": -1.287581, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.190353, "energy": 67.232508, "activity_lines": [ 28.63, 28.024545, 27.59381, 27.322796 ] }, { "date": "2024-05-10", "close": 29.25, "volume": 478177, "typical_volume": 780439.1, "trend": 27.18, "fair_value": 26.37968, "relative_strength": -3.569684, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.242046, "energy": 67.035099, "activity_lines": [ 28.893333, 28.316364, 27.772143, 27.462366 ] }, { "date": "2024-05-17", "close": 28.700001, "volume": 415285, "typical_volume": 737800.65, "trend": 27.21, "fair_value": 26.409487, "relative_strength": -4.937589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.330703, "energy": 55.723313, "activity_lines": [ 28.866667, 28.468182, 27.887143, 27.56043 ] }, { "date": "2024-05-24", "close": 31.9, "volume": 1042137, "typical_volume": 734841.65, "trend": 27.361667, "fair_value": 26.459808, "relative_strength": 5.054056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.827962, "energy": 74.939483, "activity_lines": [ 29.91, 29.184546, 28.29881, 27.863011 ] }, { "date": "2024-05-31", "close": 33.599998, "volume": 1357711, "typical_volume": 673100.35, "trend": 27.538333, "fair_value": 26.514295, "relative_strength": 9.268833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.719234, "energy": 88.973881, "activity_lines": [ 31.28, 30.106363, 28.848571, 28.265484 ] }, { "date": "2024-06-07", "close": 31.450001, "volume": 607646, "typical_volume": 650174.65, "trend": 27.631667, "fair_value": 26.55468, "relative_strength": 3.576106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.564341, "energy": 77.746443, "activity_lines": [ 31.6, 30.508182, 29.16119, 28.517849 ] }, { "date": "2024-06-14", "close": 30.25, "volume": 415785, "typical_volume": 594205.4, "trend": 27.778333, "fair_value": 26.583526, "relative_strength": 1.873864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.916321, "energy": 74.707273, "activity_lines": [ 31.356667, 30.604545, 29.34, 28.686774 ] }, { "date": "2024-06-21", "close": 30.75, "volume": 528975, "typical_volume": 588503.25, "trend": 27.995, "fair_value": 26.610449, "relative_strength": 2.457965, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.293912, "energy": 52.346521, "activity_lines": [ 31.213333, 30.744545, 29.560238, 28.878495 ] }, { "date": "2024-06-28", "close": 31.200001, "volume": 514710, "typical_volume": 583302.3, "trend": 28.2, "fair_value": 26.640256, "relative_strength": 2.770464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.644279, "energy": 39.822844, "activity_lines": [ 31.083334, 30.93, 29.807619, 29.085269 ] }, { "date": "2024-07-05", "close": 30.85, "volume": 304796, "typical_volume": 577904.7, "trend": 28.415, "fair_value": 26.67391, "relative_strength": 1.949361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.711428, "energy": 29.151551, "activity_lines": [ 30.883334, 30.999091, 29.999762, 29.256237 ] }, { "date": "2024-07-12", "close": 32.849998, "volume": 637226, "typical_volume": 596373.4, "trend": 28.611667, "fair_value": 26.719744, "relative_strength": 7.312465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.108608, "energy": 44.619675, "activity_lines": [ 31.533333, 31.390909, 30.36119, 29.542366 ] }, { "date": "2024-07-19", "close": 33.700001, "volume": 208036, "typical_volume": 560204.35, "trend": 28.836667, "fair_value": 26.770064, "relative_strength": 9.378323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.36054, "energy": 52.883563, "activity_lines": [ 32.373333, 31.867273, 30.774286, 29.870645 ] }, { "date": "2024-07-26", "close": 32.0, "volume": 370468, "typical_volume": 554141.35, "trend": 29.003333, "fair_value": 26.803718, "relative_strength": 4.654354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.503779, "energy": 49.722592, "activity_lines": [ 32.416667, 31.953636, 30.993809, 30.074731 ] }, { "date": "2024-08-02", "close": 29.5, "volume": 387807, "typical_volume": 535230.25, "trend": 29.09, "fair_value": 26.817821, "relative_strength": -1.47661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.323764, "energy": 31.556546, "activity_lines": [ 31.543333, 31.525455, 30.955, 30.106774 ] }, { "date": "2024-08-09", "close": 29.299999, "volume": 977152, "typical_volume": 562638.85, "trend": 29.173333, "fair_value": 26.845064, "relative_strength": -2.110946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.481692, "energy": 11.512039, "activity_lines": [ 30.716666, 31.104545, 30.881428, 30.120323 ] }, { "date": "2024-08-16", "close": 30.15, "volume": 490913, "typical_volume": 575673.05, "trend": 29.266667, "fair_value": 26.88609, "relative_strength": -1.164187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.829083, "energy": 18.821301, "activity_lines": [ 30.276666, 30.916363, 30.875476, 30.183333 ] }, { "date": "2024-08-23", "close": 29.0, "volume": 439087, "typical_volume": 577292.45, "trend": 29.268333, "fair_value": 26.897949, "relative_strength": -4.20844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -1.553087, "energy": 17.668334, "activity_lines": [ 29.633333, 30.542727, 30.743333, 30.166129 ] }, { "date": "2024-08-30", "close": 26.799999, "volume": 1057201, "typical_volume": 592457.15, "trend": 29.246667, "fair_value": 26.910449, "relative_strength": -11.581028, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -36.71857, "energy": 37.753199, "activity_lines": [ 28.57, 29.791818, 30.395238, 30.006882 ] }, { "date": "2024-09-06", "close": 25.25, "volume": 6776187, "typical_volume": 905845.0, "trend": 29.201667, "fair_value": 26.926154, "relative_strength": -13.230071, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.029869, "energy": 60.407212, "activity_lines": [ 27.336666, 28.830909, 29.908809, 29.749032 ] }, { "date": "2024-09-13", "close": 25.1, "volume": 1442312, "typical_volume": 953744.75, "trend": 29.158333, "fair_value": 26.931603, "relative_strength": -14.854661, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.978799, "energy": 68.31742, "activity_lines": [ 26.336666, 27.950909, 29.422619, 29.484408 ] }, { "date": "2024-09-20", "close": 24.299999, "volume": 1661846, "typical_volume": 1005672.85, "trend": 29.078333, "fair_value": 26.921026, "relative_strength": -17.311986, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.944351, "energy": 72.357072, "activity_lines": [ 25.35, 27.03, 28.876905, 29.170968 ] }, { "date": "2024-09-27", "close": 22.9, "volume": 854041, "typical_volume": 1024466.05, "trend": 28.94, "fair_value": 26.887372, "relative_strength": -21.694193, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.083595, "energy": 85.04623, "activity_lines": [ 24.286666, 26.01, 28.220238, 28.772365 ] }, { "date": "2024-10-04", "close": 25.200001, "volume": 760455, "typical_volume": 1041724.55, "trend": 28.855, "fair_value": 26.852115, "relative_strength": -16.090741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.066895, "energy": 72.46535, "activity_lines": [ 24.396667, 25.604545, 27.812857, 28.531075 ] }, { "date": "2024-10-11", "close": 25.049999, "volume": 515292, "typical_volume": 1015382.3, "trend": 28.816667, "fair_value": 26.808205, "relative_strength": -16.359204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.471004, "energy": 59.032972, "activity_lines": [ 24.563333, 25.295454, 27.407857, 28.285591 ] }, { "date": "2024-10-18", "close": 23.65, "volume": 414445, "typical_volume": 968219.0, "trend": 28.721667, "fair_value": 26.749872, "relative_strength": -19.767922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.501826, "energy": 52.433783, "activity_lines": [ 24.276667, 24.812727, 26.902143, 27.952258 ] }, { "date": "2024-10-25", "close": 24.1, "volume": 374165, "typical_volume": 956544.95, "trend": 28.636667, "fair_value": 26.727756, "relative_strength": -19.396968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.238129, "energy": 46.437143, "activity_lines": [ 24.236667, 24.514545, 26.486666, 27.654086 ] }, { "date": "2024-11-01", "close": 22.950001, "volume": 446226, "typical_volume": 958067.0, "trend": 28.48, "fair_value": 26.702756, "relative_strength": -21.298394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.795035, "energy": 53.825582, "activity_lines": [ 23.826667, 24.117273, 25.996667, 27.287204 ] }, { "date": "2024-11-08", "close": 22.4, "volume": 361672, "typical_volume": 949701.85, "trend": 28.268333, "fair_value": 26.67968, "relative_strength": -21.792925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.035664, "energy": 69.174499, "activity_lines": [ 23.23, 23.73, 25.489048, 26.894946 ] }, { "date": "2024-11-15", "close": 23.549999, "volume": 582343, "typical_volume": 953083.5, "trend": 28.11, "fair_value": 26.67391, "relative_strength": -19.124334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.815162, "energy": 59.245688, "activity_lines": [ 23.203333, 23.631818, 25.130714, 26.590538 ] }, { "date": "2024-11-22", "close": 21.799999, "volume": 696720, "typical_volume": 972679.7, "trend": 27.883333, "fair_value": 26.676474, "relative_strength": -26.086228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.571278, "energy": 71.606593, "activity_lines": [ 22.693333, 23.246363, 24.642143, 26.183441 ] }, { "date": "2024-11-29", "close": 22.25, "volume": 1855344, "typical_volume": 1033585.6, "trend": 27.658333, "fair_value": 26.682564, "relative_strength": -23.52494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.173506, "energy": 68.25345, "activity_lines": [ 22.456666, 23.002727, 24.239524, 25.82 ] }, { "date": "2024-12-06", "close": 22.35, "volume": 322449, "typical_volume": 1039306.25, "trend": 27.428333, "fair_value": 26.690256, "relative_strength": -22.680718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.290772, "energy": 60.636527, "activity_lines": [ 22.376666, 22.814545, 23.896905, 25.477527 ] }, { "date": "2024-12-13", "close": 22.799999, "volume": 297049, "typical_volume": 1035635.3, "trend": 27.231666, "fair_value": 26.712436, "relative_strength": -20.536952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.224106, "energy": 56.840495, "activity_lines": [ 22.486666, 22.718181, 23.65119, 25.178925 ] }, { "date": "2024-12-20", "close": 22.35, "volume": 538840, "typical_volume": 1043186.95, "trend": 26.913333, "fair_value": 26.7275, "relative_strength": -19.204734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.478239, "energy": 49.462192, "activity_lines": [ 22.42, 22.583636, 23.406428, 24.863978 ] }, { "date": "2024-12-27", "close": 23.15, "volume": 345121, "typical_volume": 1011585.4, "trend": 26.565, "fair_value": 26.747051, "relative_strength": -17.399539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.292992, "energy": 38.452048, "activity_lines": [ 22.7, 22.643636, 23.271905, 24.621183 ] }, { "date": "2025-01-03", "close": 24.799999, "volume": 412566, "typical_volume": 1007668.05, "trend": 26.343333, "fair_value": 26.772372, "relative_strength": -13.481574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.067705, "energy": 21.535989, "activity_lines": [ 23.44, 23.012727, 23.323809, 24.507312 ] }, { "date": "2025-01-10", "close": 25.75, "volume": 290103, "typical_volume": 1000218.85, "trend": 26.193333, "fair_value": 26.795128, "relative_strength": -10.936751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.194612, "energy": 16.433277, "activity_lines": [ 24.326666, 23.541818, 23.491666, 24.469032 ] }, { "date": "2025-01-17", "close": 27.049999, "volume": 549441, "typical_volume": 974830.85, "trend": 26.07, "fair_value": 26.8275, "relative_strength": -7.006083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 22.094704, "energy": 35.81708, "activity_lines": [ 25.419999, 24.256363, 23.798809, 24.524301 ] }, { "date": "2025-01-24", "close": 26.1, "volume": 400652, "typical_volume": 656054.1, "trend": 25.9, "fair_value": 26.847372, "relative_strength": -9.566827, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.600957, "energy": 40.661692, "activity_lines": [ 25.913333, 24.713636, 24.014285, 24.526236 ] }, { "date": "2025-01-31", "close": 26.200001, "volume": 622895, "typical_volume": 615083.25, "trend": 25.745, "fair_value": 26.861795, "relative_strength": -10.415005, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.10915, "energy": 49.128913, "activity_lines": [ 26.19, 25.142727, 24.235238, 24.545591 ] }, { "date": "2025-02-07", "close": 25.549999, "volume": 397337, "typical_volume": 551857.8, "trend": 25.501666, "fair_value": 26.873013, "relative_strength": -10.473419, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.0425, "energy": 45.435179, "activity_lines": [ 26.046666, 25.373636, 24.389047, 24.533011 ] }, { "date": "2025-02-14", "close": 25.65, "volume": 264467, "typical_volume": 522379.1, "trend": 25.233333, "fair_value": 26.89, "relative_strength": -9.981416, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.002723, "energy": 28.961314, "activity_lines": [ 25.886667, 25.562727, 24.546428, 24.54258 ] }, { "date": "2025-02-21", "close": 25.85, "volume": 282197, "typical_volume": 498466.2, "trend": 25.028333, "fair_value": 26.903782, "relative_strength": -9.649456, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.950372, "energy": 24.650198, "activity_lines": [ 25.8, 25.728182, 24.709762, 24.582365 ] }, { "date": "2025-02-28", "close": 25.950001, "volume": 298201, "typical_volume": 487611.65, "trend": 24.91, "fair_value": 26.906667, "relative_strength": -8.304411, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.608792, "energy": 17.803256, "activity_lines": [ 25.826667, 25.856364, 24.879524, 24.641828 ] }, { "date": "2025-03-07", "close": 27.0, "volume": 657259, "typical_volume": 499752.35, "trend": 24.833333, "fair_value": 26.926538, "relative_strength": -4.327824, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.436672, "energy": 27.470038, "activity_lines": [ 26.213334, 26.11, 25.145, 24.776667 ] }, { "date": "2025-03-14", "close": 27.799999, "volume": 225326, "typical_volume": 492310.4, "trend": 24.755, "fair_value": 26.944167, "relative_strength": -2.206324, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.267665, "energy": 50.312054, "activity_lines": [ 26.813333, 26.439091, 25.470714, 24.968064 ] }, { "date": "2025-03-21", "close": 30.200001, "volume": 413647, "typical_volume": 490681.45, "trend": 24.795, "fair_value": 26.971731, "relative_strength": 4.213007, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.220251, "energy": 76.763687, "activity_lines": [ 28.063334, 27.15, 26.007381, 25.319355 ] }, { "date": "2025-03-28", "close": 30.6, "volume": 441027, "typical_volume": 494649.2, "trend": 24.921667, "fair_value": 26.991987, "relative_strength": 6.998104, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.016794, "energy": 83.417931, "activity_lines": [ 29.143333, 27.852727, 26.547619, 25.693871 ] }, { "date": "2025-04-04", "close": 26.85, "volume": 333012, "typical_volume": 482182.65, "trend": 24.975, "fair_value": 26.985, "relative_strength": 1.93799, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.340458, "energy": 65.125776, "activity_lines": [ 28.656667, 27.809091, 26.691667, 25.818279 ] }, { "date": "2025-04-11", "close": 26.1, "volume": 453665, "typical_volume": 470029.9, "trend": 25.008333, "fair_value": 26.966154, "relative_strength": -1.491971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.156311, "energy": 39.144204, "activity_lines": [ 27.86, 27.615455, 26.748571, 25.89086 ] }, { "date": "2025-04-18", "close": 26.950001, "volume": 87938, "typical_volume": 381659.6, "trend": 25.096667, "fair_value": 26.953654, "relative_strength": -0.82287, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.151614, "energy": 23.917392, "activity_lines": [ 27.406667, 27.578182, 26.865952, 26.016129 ] }, { "date": "2025-04-25", "close": 27.5, "volume": 440218, "typical_volume": 387548.05, "trend": 25.25, "fair_value": 26.953654, "relative_strength": 0.790862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.363604, "energy": 20.336419, "activity_lines": [ 27.193334, 27.615455, 27.013333, 26.171183 ] }, { "date": "2025-05-02", "close": 26.950001, "volume": 137998, "typical_volume": 379595.5, "trend": 25.308333, "fair_value": 26.945128, "relative_strength": -4.414648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.710302, "energy": 18.500606, "activity_lines": [ 26.976667, 27.519091, 27.08381, 26.28086 ] }, { "date": "2025-05-09", "close": 32.700001, "volume": 641253, "typical_volume": 384716.15, "trend": 25.563333, "fair_value": 26.977051, "relative_strength": 16.216741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.132935, "energy": 42.30276, "activity_lines": [ 28.920001, 28.448182, 27.682143, 26.757742 ] }, { "date": "2025-05-16", "close": 33.25, "volume": 417770, "typical_volume": 388348.6, "trend": 25.883333, "fair_value": 27.00468, "relative_strength": 13.51269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.645224, "energy": 71.249014, "activity_lines": [ 30.656667, 29.354546, 28.283572, 27.253656 ] }, { "date": "2025-05-23", "close": 32.0, "volume": 453580, "typical_volume": 390399.3, "trend": 26.146667, "fair_value": 27.020962, "relative_strength": 10.565557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.755735, "energy": 72.230012, "activity_lines": [ 31.5, 29.92, 28.717857, 27.64828 ] }, { "date": "2025-05-30", "close": 31.5, "volume": 258012, "typical_volume": 388794.75, "trend": 26.431667, "fair_value": 27.039808, "relative_strength": 8.357627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.64848, "energy": 73.775833, "activity_lines": [ 31.84, 30.318182, 29.070238, 27.993656 ] }, { "date": "2025-06-06", "close": 33.099998, "volume": 216670, "typical_volume": 372156.2, "trend": 26.788333, "fair_value": 27.064551, "relative_strength": 12.349096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.571865, "energy": 74.846113, "activity_lines": [ 32.446666, 30.983636, 29.547619, 28.423871 ] }, { "date": "2025-06-13", "close": 37.099998, "volume": 624150, "typical_volume": 383331.1, "trend": 27.24, "fair_value": 27.136859, "relative_strength": 22.48305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.316179, "energy": 78.31237, "activity_lines": [ 33.976665, 32.330909, 30.377143, 29.08914 ] }, { "date": "2025-06-20", "close": 36.700001, "volume": 848119, "typical_volume": 394592.3, "trend": 27.736667, "fair_value": 27.201474, "relative_strength": 19.889547, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.321558, "energy": 80.384483, "activity_lines": [ 35.079999, 33.419091, 31.11619, 29.699462 ] }, { "date": "2025-06-27", "close": 33.950001, "volume": 664181, "typical_volume": 407934.5, "trend": 28.126667, "fair_value": 27.262051, "relative_strength": 13.49363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.588316, "energy": 64.887037, "activity_lines": [ 35.036667, 33.814545, 31.543333, 30.100323 ] }, { "date": "2025-07-04", "close": 35.25, "volume": 182804, "typical_volume": 403851.35, "trend": 28.556667, "fair_value": 27.3275, "relative_strength": 16.112695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.572328, "energy": 63.313687, "activity_lines": [ 35.296667, 34.319091, 32.054286, 30.559893 ] }, { "date": "2025-07-11", "close": 37.900002, "volume": 310294, "typical_volume": 405256.2, "trend": 29.06, "fair_value": 27.421987, "relative_strength": 25.154788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.49531, "energy": 63.705161, "activity_lines": [ 36.190001, 35.164546, 32.771905, 31.162688 ] }, { "date": "2025-07-18", "close": 35.200001, "volume": 235835, "typical_volume": 402137.9, "trend": 29.488333, "fair_value": 27.4875, "relative_strength": 17.165221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.080114, "energy": 47.221908, "activity_lines": [ 35.863334, 35.32, 33.175, 31.558817 ] }, { "date": "2025-07-25", "close": 35.25, "volume": 273569, "typical_volume": 382953.4, "trend": 29.891667, "fair_value": 27.537692, "relative_strength": 17.563783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.081191, "energy": 44.897286, "activity_lines": [ 35.680001, 35.439091, 33.53881, 31.930538 ] }, { "date": "2025-08-01", "close": 35.299999, "volume": 289956, "typical_volume": 386184.9, "trend": 30.241667, "fair_value": 27.599744, "relative_strength": 18.26936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.993199, "energy": 40.314565, "activity_lines": [ 35.61, 35.530909, 33.868095, 32.279463 ] }, { "date": "2025-08-08", "close": 36.700001, "volume": 357739, "typical_volume": 383389.5, "trend": 30.606667, "fair_value": 27.66, "relative_strength": 21.413827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.632191, "energy": 40.076257, "activity_lines": [ 35.916667, 35.817273, 34.295, 32.696129 ] }, { "date": "2025-08-15", "close": 36.0, "volume": 183156, "typical_volume": 370495.95, "trend": 30.905, "fair_value": 27.722436, "relative_strength": 18.12115, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.547702, "energy": 37.373015, "activity_lines": [ 35.893333, 35.881819, 34.624286, 33.044086 ] }, { "date": "2025-08-22", "close": 37.5, "volume": 353741, "typical_volume": 371532.4, "trend": 31.285, "fair_value": 27.797564, "relative_strength": 20.523468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.580904, "energy": 43.903678, "activity_lines": [ 36.496667, 36.166364, 35.070714, 33.46957 ] }, { "date": "2025-08-29", "close": 34.549999, "volume": 570169, "typical_volume": 377357.6, "trend": 31.563333, "fair_value": 27.858782, "relative_strength": 11.980336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.23904, "energy": 33.719297, "activity_lines": [ 35.963333, 35.907273, 35.185476, 33.680215 ] }, { "date": "2025-09-05", "close": 33.549999, "volume": 263543, "typical_volume": 386137.85, "trend": 31.83, "fair_value": 27.91641, "relative_strength": 9.843911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.579518, "energy": 19.139203, "activity_lines": [ 35.143333, 35.505454, 35.164762, 33.808387 ] }, { "date": "2025-09-12", "close": 36.549999, "volume": 606527, "typical_volume": 394453.3, "trend": 32.193333, "fair_value": 27.989808, "relative_strength": 17.077452, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.819217, "energy": 23.582216, "activity_lines": [ 35.439999, 35.656363, 35.398333, 34.112903 ] }, { "date": "2025-09-19", "close": 43.349998, "volume": 992926, "typical_volume": 437199.7, "trend": 32.776667, "fair_value": 28.129103, "relative_strength": 38.336379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.071486, "energy": 47.06274, "activity_lines": [ 38.013332, 37.019999, 36.236428, 34.832688 ] }, { "date": "2025-09-26", "close": 47.25, "volume": 1019844, "typical_volume": 456129.25, "trend": 33.486667, "fair_value": 28.293397, "relative_strength": 47.451292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.995309, "energy": 85.864361, "activity_lines": [ 41.396666, 38.993636, 37.367857, 35.766451 ] }, { "date": "2025-10-03", "close": 49.799999, "volume": 949861, "typical_volume": 482733.8, "trend": 34.246667, "fair_value": 28.454936, "relative_strength": 54.562391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.500584, "energy": 95.334553, "activity_lines": [ 44.979999, 41.211817, 38.672857, 36.818925 ] }, { "date": "2025-10-10", "close": 49.150002, "volume": 706180, "typical_volume": 495363.8, "trend": 34.958333, "fair_value": 28.619744, "relative_strength": 50.656442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.182211, "energy": 92.338461, "activity_lines": [ 47.33, 43.047272, 39.837143, 37.78043 ] }, { "date": "2025-10-17", "close": 37.25, "volume": 1415357, "typical_volume": 553231.05, "trend": 35.193333, "fair_value": 28.70032, "relative_strength": 15.402629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.584853, "energy": 75.8906, "activity_lines": [ 44.673334, 42.467272, 39.786428, 37.928279 ] }, { "date": "2025-10-24", "close": 39.150002, "volume": 914309, "typical_volume": 588113.0, "trend": 35.478333, "fair_value": 28.783462, "relative_strength": 18.993833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.811953, "energy": 43.973927, "activity_lines": [ 42.603334, 42.222727, 39.889286, 38.183548 ] }, { "date": "2025-10-31", "close": 38.75, "volume": 860246, "typical_volume": 599917.8, "trend": 35.875, "fair_value": 28.856987, "relative_strength": 19.127113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.661403, "energy": 21.164805, "activity_lines": [ 40.680001, 41.848182, 39.925238, 38.394624 ] }, { "date": "2025-11-07", "close": 37.549999, "volume": 444888, "typical_volume": 579756.25, "trend": 36.256667, "fair_value": 28.918846, "relative_strength": 15.503098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.41073, "energy": 26.623536, "activity_lines": [ 38.923334, 41.232727, 39.839048, 38.502688 ] }, { "date": "2025-11-14", "close": 39.450001, "volume": 416439, "typical_volume": 567369.15, "trend": 36.673333, "fair_value": 28.999936, "relative_strength": 19.259123, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.331171, "energy": 23.068191, "activity_lines": [ 38.616667, 40.908182, 39.929762, 38.70871 ] }, { "date": "2025-11-21", "close": 36.950001, "volume": 447215, "typical_volume": 580589.7, "trend": 36.988333, "fair_value": 29.065, "relative_strength": 12.996082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.480629, "energy": 17.508656, "activity_lines": [ 38.123334, 40.021819, 39.756191, 38.726559 ] }, { "date": "2025-11-28", "close": 37.0, "volume": 686043, "typical_volume": 599377.15, "trend": 37.323333, "fair_value": 29.133718, "relative_strength": 10.530182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.271488, "energy": 13.818185, "activity_lines": [ 37.666667, 39.137273, 39.579286, 38.727312 ] }, { "date": "2025-12-05", "close": 38.25, "volume": 480672, "typical_volume": 611619.0, "trend": 37.508333, "fair_value": 29.213654, "relative_strength": 11.841116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.424535, "energy": 11.949745, "activity_lines": [ 37.77, 38.595455, 39.525714, 38.787097 ] }, { "date": "2025-12-12", "close": 38.599998, "volume": 331998, "typical_volume": 614540.45, "trend": 37.686667, "fair_value": 29.307244, "relative_strength": 11.36283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.299369, "energy": 11.125218, "activity_lines": [ 38.023333, 38.280909, 39.490952, 38.857527 ] }, { "date": "2025-12-19", "close": 39.75, "volume": 311175, "typical_volume": 615601.4, "trend": 37.945, "fair_value": 29.40859, "relative_strength": 12.663477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.485082, "energy": 12.412847, "activity_lines": [ 38.59, 38.379091, 39.549762, 38.990645 ] }, { "date": "2025-12-26", "close": 43.900002, "volume": 360899, "typical_volume": 615759.4, "trend": 38.358333, "fair_value": 29.528846, "relative_strength": 22.827905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.471752, "energy": 27.336496, "activity_lines": [ 40.52, 39.402727, 39.982619, 39.374839 ] }, { "date": "2026-01-02", "close": 48.450001, "volume": 444466, "typical_volume": 628824.9, "trend": 38.87, "fair_value": 29.673782, "relative_strength": 31.75698, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.008499, "energy": 65.156142, "activity_lines": [ 43.503334, 41.132728, 40.814524, 40.025914 ] }, { "date": "2026-01-09", "close": 44.599998, "volume": 478074, "typical_volume": 635041.55, "trend": 39.12, "fair_value": 29.781218, "relative_strength": 20.323368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.530942, "energy": 64.426887, "activity_lines": [ 44.44, 41.993636, 41.220476, 40.395591 ] }, { "date": "2026-01-16", "close": 44.799999, "volume": 475911, "typical_volume": 630328.65, "trend": 39.39, "fair_value": 29.88391, "relative_strength": 16.387773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.286355, "energy": 70.589841, "activity_lines": [ 45.02, 42.784545, 41.611667, 40.762043 ] }, { "date": "2026-01-23", "close": 44.799999, "volume": 337170, "typical_volume": 634010.0, "trend": 39.751667, "fair_value": 29.9875, "relative_strength": 16.714853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.529632, "energy": 67.7603, "activity_lines": [ 45.186666, 43.443636, 41.954047, 41.111075 ] }, { "date": "2026-01-30", "close": 46.200001, "volume": 343933, "typical_volume": 620880.3, "trend": 40.116667, "fair_value": 30.095192, "relative_strength": 17.601473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.227521, "energy": 53.78436, "activity_lines": [ 45.483333, 44.26, 42.37619, 41.527097 ] }, { "date": "2026-02-06", "close": 44.150002, "volume": 359139, "typical_volume": 589190.95, "trend": 40.325, "fair_value": 30.187051, "relative_strength": 9.16742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.487574, "energy": 36.350488, "activity_lines": [ 44.943334, 44.535455, 42.557143, 41.787312 ] }, { "date": "2026-02-13", "close": 45.900002, "volume": 443436, "typical_volume": 560370.55, "trend": 40.681667, "fair_value": 30.28641, "relative_strength": 11.364208, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.817539, "energy": 36.350804, "activity_lines": [ 45.273335, 44.999091, 42.900953, 42.146989 ] }, { "date": "2026-02-20", "close": 49.099998, "volume": 381246, "typical_volume": 531939.8, "trend": 41.143333, "fair_value": 30.405, "relative_strength": 14.398978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.493834, "energy": 45.337267, "activity_lines": [ 46.583334, 45.905455, 43.555952, 42.690108 ] }, { "date": "2026-02-27", "close": 51.799999, "volume": 750358, "typical_volume": 534148.7, "trend": 41.693333, "fair_value": 30.564359, "relative_strength": 19.184557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.481114, "energy": 61.880438, "activity_lines": [ 48.506667, 47.111818, 44.471429, 43.377634 ] }, { "date": "2026-03-06", "close": 54.5, "volume": 1124122, "typical_volume": 519586.95, "trend": 42.286667, "fair_value": 30.744359, "relative_strength": 23.510529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.396314, "energy": 80.682086, "activity_lines": [ 50.863333, 48.59, 45.631429, 44.203871 ] }, { "date": "2026-03-13", "close": 53.900002, "volume": 1351352, "typical_volume": 541439.1, "trend": 42.883333, "fair_value": 30.928077, "relative_strength": 18.621114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.668825, "energy": 77.186342, "activity_lines": [ 52.466667, 49.766364, 46.652143, 44.953118 ] }, { "date": "2026-03-20", "close": 57.299999, "volume": 1039303, "typical_volume": 550391.95, "trend": 43.543333, "fair_value": 31.136026, "relative_strength": 23.821678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.203863, "energy": 82.186792, "activity_lines": [ 54.553333, 51.461818, 47.926429, 45.883226 ] }, { "date": "2026-03-27", "close": 59.400002, "volume": 664994, "typical_volume": 561397.25, "trend": 44.371667, "fair_value": 31.344231, "relative_strength": 26.375649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.029331, "energy": 83.907485, "activity_lines": [ 56.580001, 53.308182, 49.312381, 46.906237 ] }, { "date": "2026-04-03", "close": 58.299999, "volume": 672221, "typical_volume": 574186.35, "trend": 45.196667, "fair_value": 31.536538, "relative_strength": 18.833288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.048247, "energy": 76.968069, "activity_lines": [ 57.553334, 54.689091, 50.489524, 47.804839 ] }, { "date": "2026-04-10", "close": 57.0, "volume": 721138, "typical_volume": 587882.5, "trend": 45.878333, "fair_value": 31.713141, "relative_strength": 15.848318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.56522, "energy": 69.612533, "activity_lines": [ 57.66, 55.588182, 51.453095, 48.566344 ] }, { "date": "2026-04-17", "close": 53.0, "volume": 521858, "typical_volume": 579673.25, "trend": 46.2, "fair_value": 31.871795, "relative_strength": 11.09948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.230917, "energy": 49.660096, "activity_lines": [ 56.266667, 55.563636, 51.940238, 49.025807 ] }, { "date": "2026-04-24", "close": 55.299999, "volume": 578010, "typical_volume": 584540.15, "trend": 46.468333, "fair_value": 32.042949, "relative_strength": 13.617062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.504751, "energy": 37.565657, "activity_lines": [ 55.7, 55.796364, 52.570238, 49.612903 ] }, { "date": "2026-05-01", "close": 57.700001, "volume": 307456, "typical_volume": 583313.05, "trend": 46.731667, "fair_value": 32.236859, "relative_strength": 16.134814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.298046, "energy": 36.193007, "activity_lines": [ 56.066667, 56.294546, 53.347619, 50.337527 ] }, { "date": "2026-05-08", "close": 52.700001, "volume": 565754, "typical_volume": 596042.0, "trend": 46.85, "fair_value": 32.396795, "relative_strength": 8.249081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.642156, "energy": 24.217811, "activity_lines": [ 54.88, 55.727273, 53.557857, 50.722581 ] }, { "date": "2026-05-15", "close": 55.799999, "volume": 409649, "typical_volume": 598479.5, "trend": 47.468333, "fair_value": 32.56859, "relative_strength": 11.35867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.169184, "energy": 25.571673, "activity_lines": [ 55.1, 55.707273, 54.001667, 51.3 ] }, { "date": "2026-05-22", "close": 58.799999, "volume": 923157, "typical_volume": 622414.05, "trend": 48.123333, "fair_value": 32.777885, "relative_strength": 15.148277, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.128813, "energy": 35.148475, "activity_lines": [ 56.4, 56.209091, 54.674524, 52.031075 ] }, { "date": "2026-05-29", "close": 56.900002, "volume": 1608134, "typical_volume": 678917.05, "trend": 48.728333, "fair_value": 32.965064, "relative_strength": 13.114259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.464309, "energy": 30.501864, "activity_lines": [ 56.68, 56.276364, 55.117143, 52.597312 ] }, { "date": "2026-06-05", "close": 60.099998, "volume": 106215, "typical_volume": 660432.25, "trend": 49.48, "fair_value": 33.170833, "relative_strength": 18.434841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.93698, "energy": 40.975094, "activity_lines": [ 57.92, 56.932727, 55.805952, 53.330968 ] }, { "date": "2026-06-12", "close": 58.200001, "volume": 104815, "typical_volume": 648814.5, "trend": 50.105, "fair_value": 33.372115, "relative_strength": 14.63601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.711804, "energy": 42.520965, "activity_lines": [ 58.366667, 57.230909, 56.240952, 53.893548 ] }, { "date": "2026-06-19", "close": 51.5, "volume": 298344, "typical_volume": 646535.05, "trend": 50.59, "fair_value": 33.532051, "relative_strength": 3.449645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.694612, "energy": 17.390397, "activity_lines": [ 56.213333, 56.312727, 55.974048, 53.983548 ] }, { "date": "2026-06-26", "close": 51.700001, "volume": 51365, "typical_volume": 631146.35, "trend": 51.08, "fair_value": 33.698077, "relative_strength": 6.089424, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.452219, "energy": 7.167471, "activity_lines": [ 54.413334, 55.530909, 55.700953, 54.055161 ] }, { "date": "2026-07-03", "close": 49.450001, "volume": 35893, "typical_volume": 610769.2, "trend": 51.453333, "fair_value": 33.841346, "relative_strength": -1.075704, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.858821, "energy": 18.295869, "activity_lines": [ 52.336667, 54.363637, 55.177619, 53.95 ] }, { "date": "2026-07-10", "close": 49.299999, "volume": 219809, "typical_volume": 602697.35, "trend": 51.81, "fair_value": 33.986218, "relative_strength": -0.951254, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.869675, "energy": 32.532084, "activity_lines": [ 50.706667, 53.275455, 54.623095, 53.811075 ] }, { "date": "2026-07-17", "close": 50.900002, "volume": 194818, "typical_volume": 574920.35, "trend": 52.181667, "fair_value": 34.132692, "relative_strength": 0.643077, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.211086, "energy": 44.338548, "activity_lines": [ 50.330001, 52.63091, 54.22, 53.752366 ] }, { "date": "2026-07-24", "close": 52.900002, "volume": 278053, "typical_volume": 532616.9, "trend": 52.481667, "fair_value": 34.282692, "relative_strength": 1.639272, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.489801, "energy": 34.958468, "activity_lines": [ 51.106668, 52.382728, 54.011667, 53.79871 ] }, { "date": "2026-07-31", "close": 51.799999, "volume": 561063, "typical_volume": 493102.45, "trend": 52.593333, "fair_value": 34.419551, "relative_strength": -1.264031, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.394092, "energy": 19.795337, "activity_lines": [ 51.423334, 51.987273, 53.706191, 53.754731 ] }, { "date": "2026-08-07", "close": 53.900002, "volume": 282451, "typical_volume": 455259.85, "trend": 52.903334, "fair_value": 34.56891, "relative_strength": 2.036651, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.810514, "energy": 6.444072, "activity_lines": [ 52.433334, 52.10091, 53.610715, 53.839033 ] } ], "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." } } }