{ "ticker": { "uuid": "19d367ee-ab16-4a82-bff6-a2a3e4dc9cb2", "symbol": "CGBD", "name": "Carlyle Secured Lending Inc", "exchange": "NASDAQ", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 78.257, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -37.306, "architecture_energy": 25.221, "architecture_maturity": 8.233, "architecture_confidence": 96, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.36, "rotation_up": 22.42, "upward_expansion": 4.85, "deceleration": 46.85, "rotation_down": 46.25, "downward_expansion": 75.85 }, "activity_lines": [ 10.440667, 10.480064, 10.606367, 10.710189 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 11.02, "trend_reference": 10.937541, "distance_from_trend": 0.007539, "trend_direction": "Weakening", "fair_value": 12.513578, "distance_from_fair_value": -0.119357, "fair_value_direction": "Weakening", "relative_strength": -15.531786, "relative_strength_direction": "Improving", "price_momentum": -0.0465, "excess_performance": -0.233954, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007539, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.037579, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.119357, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.010166, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.155318, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.065331, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.0465, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.345544, "read": "Supply-led" } ], "volume": { "latest": 2693565, "relative_activity": 0.858287, "balance": 0.345544, "dry_up": 0.977218, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.053093, "annualized_volatility": 0.252012, "from_high_reference": -0.133168, "from_low_reference": 0.108095 }, "levels": { "trend_reference": 10.937541, "fair_value_reference": 12.513578, "structural_low": 9.945, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.006573, "positive_rate": 0.5625, "directional_follow_through": 0.4375, "median_excess_return": -0.020885, "regime_survival": 0.8125, "best_return": 0.140253, "worst_return": -0.116397, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.01115, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.177288, "regime_survival": 0.4, "best_return": 0.289716, "worst_return": -0.086462, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.022153, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.099494, "regime_survival": 0.666667, "best_return": 0.267805, "worst_return": -0.096648, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.158008, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.221851, "regime_survival": 0.5, "best_return": 0.432676, "worst_return": -0.11666, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": -0.028488, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-12-13", "tenure": "Developing", "return": 0.083182, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-02-28", "tenure": "Developing", "return": 0.011999, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.010631, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.012187, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-12-19", "tenure": "Extended", "return": -0.100241, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.050819, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.042969, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": -0.036728, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-05-01", "tenure": "Developing", "return": 0.079, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.061632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-07-10", "tenure": "Developing", "return": 0.022556, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.09761, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.738342, "volume": 802332, "typical_volume": 855004.0, "trend": 10.183177, "fair_value": 8.184076, "relative_strength": -4.359745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.267911, "energy": 55.269353, "activity_lines": [ 11.008251, 10.944882, 10.582196, 10.354724 ] }, { "date": "2023-08-25", "close": 10.673041, "volume": 621925, "typical_volume": 851542.2, "trend": 10.19658, "fair_value": 8.223724, "relative_strength": -6.431235, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.82561, "energy": 36.181512, "activity_lines": [ 10.876199, 10.919944, 10.621295, 10.386328 ] }, { "date": "2023-09-01", "close": 10.868943, "volume": 647758, "typical_volume": 839432.0, "trend": 10.214468, "fair_value": 8.264338, "relative_strength": -8.010786, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.318925, "energy": 26.839516, "activity_lines": [ 10.826377, 10.923294, 10.672939, 10.429706 ] }, { "date": "2023-09-08", "close": 10.636763, "volume": 665292, "typical_volume": 828795.8, "trend": 10.225752, "fair_value": 8.302981, "relative_strength": -8.695348, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.937714, "energy": 25.496327, "activity_lines": [ 10.740277, 10.872769, 10.696901, 10.456951 ] }, { "date": "2023-09-15", "close": 10.832665, "volume": 677598, "typical_volume": 817282.55, "trend": 10.234928, "fair_value": 8.342687, "relative_strength": -6.477232, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.737095, "energy": 21.499742, "activity_lines": [ 10.760109, 10.856543, 10.734654, 10.496107 ] }, { "date": "2023-09-22", "close": 10.72383, "volume": 644880, "typical_volume": 809280.25, "trend": 10.236156, "fair_value": 8.38131, "relative_strength": -4.241741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.854499, "energy": 19.716943, "activity_lines": [ 10.751402, 10.819473, 10.75765, 10.527649 ] }, { "date": "2023-09-29", "close": 10.841247, "volume": 1417617, "typical_volume": 846663.1, "trend": 10.245164, "fair_value": 8.420399, "relative_strength": -3.394638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.088102, "energy": 20.715842, "activity_lines": [ 10.782801, 10.807313, 10.78628, 10.566687 ] }, { "date": "2023-10-06", "close": 10.213202, "volume": 1710480, "typical_volume": 902702.95, "trend": 10.271201, "fair_value": 8.45583, "relative_strength": -10.533915, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.637657, "energy": 8.26313, "activity_lines": [ 10.593639, 10.682523, 10.748283, 10.564625 ] }, { "date": "2023-10-13", "close": 10.676759, "volume": 1348524, "typical_volume": 939369.35, "trend": 10.319737, "fair_value": 8.494902, "relative_strength": -6.528397, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.369416, "energy": 12.649309, "activity_lines": [ 10.602711, 10.665152, 10.751081, 10.59079 ] }, { "date": "2023-10-20", "close": 10.415074, "volume": 1280757, "typical_volume": 975141.5, "trend": 10.357505, "fair_value": 8.53253, "relative_strength": -6.064324, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.701476, "energy": 12.214272, "activity_lines": [ 10.521889, 10.610555, 10.724201, 10.596941 ] }, { "date": "2023-10-27", "close": 10.018808, "volume": 763513, "typical_volume": 981786.75, "trend": 10.371677, "fair_value": 8.569257, "relative_strength": -7.157494, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.084928, "energy": 35.847056, "activity_lines": [ 10.336818, 10.493613, 10.657717, 10.575089 ] }, { "date": "2023-11-03", "close": 10.826294, "volume": 1008722, "typical_volume": 962591.15, "trend": 10.419574, "fair_value": 8.60825, "relative_strength": -5.662294, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.214143, "energy": 14.737932, "activity_lines": [ 10.46791, 10.53657, 10.669734, 10.60442 ] }, { "date": "2023-11-10", "close": 10.654329, "volume": 1175480, "typical_volume": 988148.1, "trend": 10.451409, "fair_value": 8.642244, "relative_strength": -9.55749, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.771837, "energy": 9.581197, "activity_lines": [ 10.542677, 10.545474, 10.662724, 10.619565 ] }, { "date": "2023-11-17", "close": 11.028165, "volume": 1010013, "typical_volume": 995274.1, "trend": 10.498521, "fair_value": 8.678115, "relative_strength": -7.989056, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.811151, "energy": 20.780683, "activity_lines": [ 10.712648, 10.62625, 10.689285, 10.656775 ] }, { "date": "2023-11-24", "close": 11.162746, "volume": 463306, "typical_volume": 990547.45, "trend": 10.540259, "fair_value": 8.713077, "relative_strength": -7.423979, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.981259, "energy": 36.542048, "activity_lines": [ 10.904052, 10.724379, 10.726453, 10.699628 ] }, { "date": "2023-12-01", "close": 11.26742, "volume": 853184, "typical_volume": 985295.55, "trend": 10.597226, "fair_value": 8.746669, "relative_strength": -6.446349, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.89021, "energy": 57.563804, "activity_lines": [ 11.080502, 10.835538, 10.771743, 10.746542 ] }, { "date": "2023-12-08", "close": 11.431908, "volume": 808857, "typical_volume": 969156.3, "trend": 10.664606, "fair_value": 8.783122, "relative_strength": -5.369252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.10674, "energy": 71.199339, "activity_lines": [ 11.228541, 10.96672, 10.831042, 10.800392 ] }, { "date": "2023-12-15", "close": 11.476769, "volume": 1221997, "typical_volume": 975023.1, "trend": 10.730194, "fair_value": 8.819795, "relative_strength": -7.73493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.462058, "energy": 72.821815, "activity_lines": [ 11.35116, 11.09532, 10.89221, 10.85279 ] }, { "date": "2023-12-22", "close": 11.641256, "volume": 1046046, "typical_volume": 968942.85, "trend": 10.79563, "fair_value": 8.857456, "relative_strength": -6.814315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.714885, "energy": 75.043684, "activity_lines": [ 11.473778, 11.230852, 10.969085, 10.911568 ] }, { "date": "2023-12-29", "close": 11.511534, "volume": 1076846, "typical_volume": 962256.35, "trend": 10.845237, "fair_value": 8.895735, "relative_strength": -7.647099, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.342199, "energy": 67.473165, "activity_lines": [ 11.512282, 11.325263, 11.031725, 10.957756 ] }, { "date": "2024-01-05", "close": 12.042481, "volume": 1208560, "typical_volume": 982567.75, "trend": 10.901507, "fair_value": 8.935307, "relative_strength": 0.148696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.53979, "energy": 78.559468, "activity_lines": [ 11.704517, 11.496273, 11.142251, 11.034997 ] }, { "date": "2024-01-12", "close": 11.827024, "volume": 874212, "typical_volume": 995182.1, "trend": 10.953413, "fair_value": 8.972182, "relative_strength": -4.249543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.165814, "energy": 73.568617, "activity_lines": [ 11.773262, 11.591316, 11.226048, 11.094708 ] }, { "date": "2024-01-19", "close": 11.980922, "volume": 1007584, "typical_volume": 1013173.4, "trend": 11.011858, "fair_value": 9.010044, "relative_strength": -5.249569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.436745, "energy": 77.642784, "activity_lines": [ 11.866965, 11.696145, 11.319006, 11.160999 ] }, { "date": "2024-01-26", "close": 12.011701, "volume": 700214, "typical_volume": 1014919.5, "trend": 11.060108, "fair_value": 9.049799, "relative_strength": -5.196938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.723497, "energy": 79.581851, "activity_lines": [ 11.937317, 11.78245, 11.4096, 11.225505 ] }, { "date": "2024-02-02", "close": 11.626957, "volume": 715445, "typical_volume": 1016811.85, "trend": 11.088519, "fair_value": 9.084076, "relative_strength": -8.943045, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.597631, "energy": 59.736217, "activity_lines": [ 11.854726, 11.780919, 11.457005, 11.262076 ] }, { "date": "2024-02-09", "close": 11.419196, "volume": 884186, "typical_volume": 1028777.15, "trend": 11.105168, "fair_value": 9.115914, "relative_strength": -11.73218, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.208751, "energy": 39.177165, "activity_lines": [ 11.695185, 11.733173, 11.480841, 11.28341 ] }, { "date": "2024-02-16", "close": 11.842414, "volume": 715742, "typical_volume": 993683.4, "trend": 11.135682, "fair_value": 9.150119, "relative_strength": -6.610295, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.307579, "energy": 35.473905, "activity_lines": [ 11.71827, 11.759617, 11.541672, 11.330974 ] }, { "date": "2024-02-23", "close": 11.880888, "volume": 449624, "typical_volume": 930640.6, "trend": 11.148856, "fair_value": 9.183151, "relative_strength": -7.052111, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.373949, "energy": 31.760625, "activity_lines": [ 11.753153, 11.785592, 11.601399, 11.379052 ] }, { "date": "2024-03-01", "close": 12.473394, "volume": 1619222, "typical_volume": 944175.5, "trend": 11.189761, "fair_value": 9.218804, "relative_strength": -3.875024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 81.109085, "energy": 52.224443, "activity_lines": [ 11.992208, 11.911948, 11.709615, 11.464506 ] }, { "date": "2024-03-08", "close": 12.527258, "volume": 1110240, "typical_volume": 935649.65, "trend": 11.242378, "fair_value": 9.25283, "relative_strength": -1.726612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.475345, "energy": 74.023289, "activity_lines": [ 12.218437, 12.032967, 11.814405, 11.550796 ] }, { "date": "2024-03-15", "close": 12.342581, "volume": 1089034, "typical_volume": 951925.7, "trend": 11.295852, "fair_value": 9.285499, "relative_strength": -1.910015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.22771, "energy": 74.658578, "activity_lines": [ 12.323087, 12.101941, 11.891548, 11.621777 ] }, { "date": "2024-03-22", "close": 12.604207, "volume": 1254505, "typical_volume": 964214.85, "trend": 11.360224, "fair_value": 9.31853, "relative_strength": -2.637048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.456756, "energy": 80.867722, "activity_lines": [ 12.453387, 12.213027, 11.982543, 11.706187 ] }, { "date": "2024-03-29", "close": 12.89775, "volume": 1071211, "typical_volume": 959001.4, "trend": 11.427851, "fair_value": 9.353608, "relative_strength": 0.231665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.884434, "energy": 83.29744, "activity_lines": [ 12.630749, 12.363354, 12.093028, 11.805382 ] }, { "date": "2024-04-05", "close": 12.913595, "volume": 971321, "typical_volume": 957066.8, "trend": 11.503746, "fair_value": 9.3874, "relative_strength": 1.188244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.331543, "energy": 82.01326, "activity_lines": [ 12.745601, 12.499892, 12.194339, 11.901236 ] }, { "date": "2024-04-12", "close": 12.905672, "volume": 1078411, "typical_volume": 987822.05, "trend": 11.572846, "fair_value": 9.421319, "relative_strength": 1.714968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.241471, "energy": 77.135328, "activity_lines": [ 12.828466, 12.618592, 12.285917, 11.991683 ] }, { "date": "2024-04-19", "close": 13.230493, "volume": 1321662, "typical_volume": 1011245.95, "trend": 11.656401, "fair_value": 9.457498, "relative_strength": 10.117088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.770109, "energy": 82.209467, "activity_lines": [ 12.994376, 12.773101, 12.400131, 12.098628 ] }, { "date": "2024-04-26", "close": 13.539468, "volume": 2290287, "typical_volume": 1085317.45, "trend": 11.746342, "fair_value": 9.495338, "relative_strength": 8.378988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.480008, "energy": 83.468766, "activity_lines": [ 13.204085, 12.950854, 12.534424, 12.220116 ] }, { "date": "2024-05-03", "close": 13.61077, "volume": 1442839, "typical_volume": 1096359.55, "trend": 11.859594, "fair_value": 9.53399, "relative_strength": 7.724954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.84643, "energy": 81.940202, "activity_lines": [ 13.375209, 13.110716, 12.66547, 12.340402 ] }, { "date": "2024-05-10", "close": 14.12573, "volume": 1424216, "typical_volume": 1115268.05, "trend": 11.97456, "fair_value": 9.577189, "relative_strength": 9.931912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.032421, "energy": 91.226882, "activity_lines": [ 13.670453, 13.332754, 12.835399, 12.486604 ] }, { "date": "2024-05-17", "close": 13.967281, "volume": 1388775, "typical_volume": 1130864.5, "trend": 12.092967, "fair_value": 9.618304, "relative_strength": 6.191259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.031159, "energy": 85.990625, "activity_lines": [ 13.832071, 13.495941, 12.978407, 12.615167 ] }, { "date": "2024-05-24", "close": 14.189109, "volume": 956140, "typical_volume": 1118243.5, "trend": 12.231977, "fair_value": 9.661376, "relative_strength": 6.207776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.558647, "energy": 85.278108, "activity_lines": [ 13.996858, 13.673278, 13.130847, 12.750402 ] }, { "date": "2024-05-31", "close": 14.197032, "volume": 678669, "typical_volume": 1108466.35, "trend": 12.344335, "fair_value": 9.703252, "relative_strength": 7.757574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.662746, "energy": 85.347795, "activity_lines": [ 14.100378, 13.818483, 13.273819, 12.87718 ] }, { "date": "2024-06-07", "close": 14.252489, "volume": 988865, "typical_volume": 1107530.4, "trend": 12.464274, "fair_value": 9.745058, "relative_strength": 5.22038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.863652, "energy": 73.20608, "activity_lines": [ 14.178546, 13.94481, 13.410788, 13.000286 ] }, { "date": "2024-06-14", "close": 14.03066, "volume": 695949, "typical_volume": 1107317.15, "trend": 12.564357, "fair_value": 9.787113, "relative_strength": -0.003252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.654194, "energy": 64.752357, "activity_lines": [ 14.13999, 14.006173, 13.515812, 13.101344 ] }, { "date": "2024-06-21", "close": 14.252489, "volume": 693054, "typical_volume": 1106197.6, "trend": 12.667348, "fair_value": 9.829879, "relative_strength": 1.280394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.90789, "energy": 64.524225, "activity_lines": [ 14.181715, 14.087558, 13.63235, 13.210255 ] }, { "date": "2024-06-28", "close": 14.426783, "volume": 897404, "typical_volume": 1106858.5, "trend": 12.77266, "fair_value": 9.87365, "relative_strength": 2.494618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.821609, "energy": 65.45715, "activity_lines": [ 14.262524, 14.176145, 13.752984, 13.323767 ] }, { "date": "2024-07-05", "close": 14.630091, "volume": 1031699, "typical_volume": 1122656.35, "trend": 12.879266, "fair_value": 9.918322, "relative_strength": 0.376192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.610589, "energy": 65.499828, "activity_lines": [ 14.395258, 14.279947, 13.878659, 13.443602 ] }, { "date": "2024-07-12", "close": 14.809003, "volume": 716776, "typical_volume": 1136013.95, "trend": 12.990341, "fair_value": 9.965274, "relative_strength": 1.817346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.519186, "energy": 68.995571, "activity_lines": [ 14.558758, 14.396449, 14.008099, 13.568101 ] }, { "date": "2024-07-19", "close": 14.581297, "volume": 802991, "typical_volume": 1095202.4, "trend": 13.088342, "fair_value": 10.010072, "relative_strength": 4.28724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.595715, "energy": 61.889892, "activity_lines": [ 14.609255, 14.449763, 14.101909, 13.670743 ] }, { "date": "2024-07-26", "close": 14.882194, "volume": 703735, "typical_volume": 1074877.15, "trend": 13.200698, "fair_value": 10.057054, "relative_strength": 9.118492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.041766, "energy": 66.853875, "activity_lines": [ 14.723342, 14.549504, 14.214338, 13.786475 ] }, { "date": "2024-08-02", "close": 13.743666, "volume": 1694389, "typical_volume": 1105144.9, "trend": 13.257404, "fair_value": 10.094144, "relative_strength": 3.951001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.163458, "energy": 38.690591, "activity_lines": [ 14.41594, 14.425604, 14.207122, 13.821506 ] }, { "date": "2024-08-09", "close": 13.328916, "volume": 1303340, "typical_volume": 1107586.65, "trend": 13.307467, "fair_value": 10.127442, "relative_strength": 0.475807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.211333, "energy": 14.70073, "activity_lines": [ 14.015828, 14.234394, 14.153734, 13.826119 ] }, { "date": "2024-08-16", "close": 13.572886, "volume": 894236, "typical_volume": 1098737.9, "trend": 13.360532, "fair_value": 10.163766, "relative_strength": -2.88527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.896042, "energy": 17.600334, "activity_lines": [ 13.783785, 14.103326, 14.12013, 13.843243 ] }, { "date": "2024-08-23", "close": 13.694872, "volume": 919711, "typical_volume": 1096157.4, "trend": 13.416638, "fair_value": 10.200031, "relative_strength": -2.964163, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.587639, "energy": 25.036185, "activity_lines": [ 13.674812, 14.006794, 14.094929, 13.864813 ] }, { "date": "2024-08-30", "close": 13.800592, "volume": 990299, "typical_volume": 1091751.8, "trend": 13.489093, "fair_value": 10.237449, "relative_strength": -1.44879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.748853, "energy": 22.117429, "activity_lines": [ 13.660174, 13.935589, 14.076077, 13.889585 ] }, { "date": "2024-09-06", "close": 13.548489, "volume": 885339, "typical_volume": 1069935.65, "trend": 13.560069, "fair_value": 10.274128, "relative_strength": 2.600703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.184271, "energy": 16.81822, "activity_lines": [ 13.633608, 13.826763, 14.028953, 13.893417 ] }, { "date": "2024-09-13", "close": 14.101489, "volume": 744210, "typical_volume": 992631.8, "trend": 13.635371, "fair_value": 10.314754, "relative_strength": 0.784847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.982642, "energy": 10.53701, "activity_lines": [ 13.804387, 13.834452, 14.032981, 13.928347 ] }, { "date": "2024-09-20", "close": 13.906313, "volume": 1347288, "typical_volume": 987854.25, "trend": 13.702886, "fair_value": 10.353033, "relative_strength": -1.989539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.57988, "energy": 10.444108, "activity_lines": [ 13.858603, 13.816265, 14.015745, 13.945827 ] }, { "date": "2024-09-27", "close": 14.247871, "volume": 832370, "typical_volume": 958261.95, "trend": 13.762035, "fair_value": 10.393537, "relative_strength": -0.533039, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.573893, "energy": 18.892432, "activity_lines": [ 14.004443, 13.876593, 14.029631, 13.980987 ] }, { "date": "2024-10-04", "close": 14.458613, "volume": 1118630, "typical_volume": 944754.7, "trend": 13.826413, "fair_value": 10.435468, "relative_strength": 0.723138, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.895083, "energy": 28.974615, "activity_lines": [ 14.183664, 13.981299, 14.063006, 14.025928 ] }, { "date": "2024-10-11", "close": 14.416825, "volume": 690552, "typical_volume": 931475.3, "trend": 13.895555, "fair_value": 10.47574, "relative_strength": -0.784084, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.044807, "energy": 30.705157, "activity_lines": [ 14.305087, 14.086109, 14.090061, 14.064019 ] }, { "date": "2024-10-18", "close": 14.759485, "volume": 994659, "typical_volume": 947274.8, "trend": 13.967397, "fair_value": 10.51727, "relative_strength": 1.327765, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.450454, "energy": 53.677144, "activity_lines": [ 14.482841, 14.240981, 14.148667, 14.119756 ] }, { "date": "2024-10-25", "close": 14.375037, "volume": 670976, "typical_volume": 931380.35, "trend": 14.01664, "fair_value": 10.556411, "relative_strength": -1.468649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.083755, "energy": 48.62046, "activity_lines": [ 14.48858, 14.299944, 14.167979, 14.146056 ] }, { "date": "2024-11-01", "close": 13.965515, "volume": 619186, "typical_volume": 927542.2, "trend": 14.051704, "fair_value": 10.592401, "relative_strength": -2.663076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.173214, "energy": 25.268083, "activity_lines": [ 14.326563, 14.269863, 14.147707, 14.142757 ] }, { "date": "2024-11-08", "close": 13.764933, "volume": 1260236, "typical_volume": 955901.3, "trend": 14.080346, "fair_value": 10.628044, "relative_strength": -8.951389, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.811996, "energy": 3.637047, "activity_lines": [ 14.116509, 14.198392, 14.108641, 14.124256 ] }, { "date": "2024-11-15", "close": 13.555994, "volume": 858084, "typical_volume": 953935.3, "trend": 14.091196, "fair_value": 10.662986, "relative_strength": -7.071816, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.86317, "energy": 34.068398, "activity_lines": [ 13.883054, 14.089581, 14.051998, 14.090427 ] }, { "date": "2024-11-22", "close": 14.082521, "volume": 679215, "typical_volume": 936311.1, "trend": 14.109298, "fair_value": 10.701717, "relative_strength": -5.159345, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.158479, "energy": 30.525313, "activity_lines": [ 13.882496, 14.076365, 14.049648, 14.089867 ] }, { "date": "2024-11-29", "close": 14.483685, "volume": 715087, "typical_volume": 936226.65, "trend": 14.138395, "fair_value": 10.742907, "relative_strength": -3.170428, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.205405, "energy": 14.646669, "activity_lines": [ 14.060791, 14.136433, 14.08811, 14.114021 ] }, { "date": "2024-12-06", "close": 14.583976, "volume": 674326, "typical_volume": 929793.4, "trend": 14.15367, "fair_value": 10.783838, "relative_strength": -5.49793, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.792831, "energy": 14.928209, "activity_lines": [ 14.265274, 14.204238, 14.137674, 14.142768 ] }, { "date": "2024-12-13", "close": 14.909922, "volume": 921659, "typical_volume": 940689.6, "trend": 14.185092, "fair_value": 10.828474, "relative_strength": -4.097971, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.292549, "energy": 57.916863, "activity_lines": [ 14.537174, 14.325195, 14.218267, 14.191559 ] }, { "date": "2024-12-20", "close": 15.043643, "volume": 2156711, "typical_volume": 963805.7, "trend": 14.213576, "fair_value": 10.872238, "relative_strength": -1.046791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.991446, "energy": 72.519033, "activity_lines": [ 14.777315, 14.462259, 14.311464, 14.246949 ] }, { "date": "2024-12-27", "close": 15.277655, "volume": 791380, "typical_volume": 938207.7, "trend": 14.249597, "fair_value": 10.917107, "relative_strength": -0.479051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.088664, "energy": 79.77884, "activity_lines": [ 14.996283, 14.630475, 14.420757, 14.315599 ] }, { "date": "2025-01-03", "close": 15.601117, "volume": 849092, "typical_volume": 935950.5, "trend": 14.294551, "fair_value": 10.962387, "relative_strength": 2.438077, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.599342, "energy": 85.462257, "activity_lines": [ 15.243397, 14.84808, 14.551576, 14.402794 ] }, { "date": "2025-01-10", "close": 15.309827, "volume": 918006, "typical_volume": 935865.25, "trend": 14.33719, "fair_value": 11.005878, "relative_strength": 2.706485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.400267, "energy": 77.428722, "activity_lines": [ 15.318918, 14.990431, 14.644995, 14.468296 ] }, { "date": "2025-01-17", "close": 15.8153, "volume": 1169533, "typical_volume": 944826.95, "trend": 14.389284, "fair_value": 11.054347, "relative_strength": 3.024222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.946825, "energy": 80.675026, "activity_lines": [ 15.514541, 15.200244, 14.778864, 14.563658 ] }, { "date": "2025-01-24", "close": 15.68679, "volume": 705929, "typical_volume": 935856.45, "trend": 14.431284, "fair_value": 11.101104, "relative_strength": 0.591919, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.281138, "energy": 74.492538, "activity_lines": [ 15.606968, 15.349412, 14.8909, 14.647368 ] }, { "date": "2025-01-31", "close": 15.900973, "volume": 730347, "typical_volume": 935163.3, "trend": 14.473647, "fair_value": 11.148229, "relative_strength": 3.183885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.615131, "energy": 72.336624, "activity_lines": [ 15.727913, 15.498781, 15.013152, 14.742187 ] }, { "date": "2025-02-07", "close": 15.763896, "volume": 686143, "typical_volume": 902106.05, "trend": 14.505476, "fair_value": 11.195597, "relative_strength": 1.914522, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.827461, "energy": 70.050453, "activity_lines": [ 15.761611, 15.590165, 15.11378, 14.825428 ] }, { "date": "2025-02-14", "close": 15.147048, "volume": 1926588, "typical_volume": 956816.95, "trend": 14.524335, "fair_value": 11.239551, "relative_strength": -4.874474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.917685, "energy": 45.937441, "activity_lines": [ 15.578842, 15.546117, 15.146815, 14.86682 ] }, { "date": "2025-02-21", "close": 15.318394, "volume": 615544, "typical_volume": 931662.65, "trend": 14.538875, "fair_value": 11.283483, "relative_strength": -1.70338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.393839, "energy": 34.995921, "activity_lines": [ 15.464039, 15.522986, 15.191887, 14.91805 ] }, { "date": "2025-02-28", "close": 15.224154, "volume": 1110093, "typical_volume": 952639.7, "trend": 14.588224, "fair_value": 11.326115, "relative_strength": 1.016839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.055755, "energy": 22.585086, "activity_lines": [ 15.35095, 15.475293, 15.22389, 14.962261 ] }, { "date": "2025-03-07", "close": 14.872893, "volume": 1057654, "typical_volume": 955789.45, "trend": 14.63969, "fair_value": 11.365992, "relative_strength": 1.871409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.126381, "energy": 21.55288, "activity_lines": [ 15.151617, 15.360452, 15.218595, 14.980627 ] }, { "date": "2025-03-14", "close": 14.350286, "volume": 990506, "typical_volume": 971765.95, "trend": 14.665604, "fair_value": 11.402211, "relative_strength": 0.692408, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.475102, "energy": 18.405974, "activity_lines": [ 14.84662, 15.157952, 15.162987, 14.961956 ] }, { "date": "2025-03-21", "close": 14.675844, "volume": 881867, "typical_volume": 984900.0, "trend": 14.698303, "fair_value": 11.439743, "relative_strength": 2.581008, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.460811, "energy": 19.048332, "activity_lines": [ 14.744383, 15.037386, 15.138503, 14.962617 ] }, { "date": "2025-03-28", "close": 14.714781, "volume": 1264041, "typical_volume": 985090.25, "trend": 14.728776, "fair_value": 11.476152, "relative_strength": 5.163404, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.05901, "energy": 26.314854, "activity_lines": [ 14.686539, 14.935426, 15.114345, 14.96368 ] }, { "date": "2025-04-04", "close": 12.998643, "volume": 2389954, "typical_volume": 1061683.75, "trend": 14.710447, "fair_value": 11.502236, "relative_strength": 2.984723, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -50.707302, "energy": 63.124944, "activity_lines": [ 14.096889, 14.541451, 14.922222, 14.852058 ] }, { "date": "2025-04-11", "close": 12.33859, "volume": 3476925, "typical_volume": 1201569.25, "trend": 14.651684, "fair_value": 11.523413, "relative_strength": -8.925794, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.00669, "energy": 77.239191, "activity_lines": [ 13.435589, 14.076342, 14.669891, 14.699035 ] }, { "date": "2025-04-18", "close": 12.840231, "volume": 1398272, "typical_volume": 1235728.5, "trend": 14.616148, "fair_value": 11.548798, "relative_strength": -2.825042, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.58934, "energy": 86.676931, "activity_lines": [ 13.110457, 13.767211, 14.473639, 14.582167 ] }, { "date": "2025-04-25", "close": 13.007444, "volume": 1527977, "typical_volume": 1278411.05, "trend": 14.574801, "fair_value": 11.576527, "relative_strength": -7.24359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.890068, "energy": 83.258837, "activity_lines": [ 12.941732, 13.541639, 14.301139, 14.47838 ] }, { "date": "2025-05-02", "close": 12.937038, "volume": 2086060, "typical_volume": 1336631.1, "trend": 14.524081, "fair_value": 11.600706, "relative_strength": -10.527501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.82841, "energy": 78.601059, "activity_lines": [ 12.860765, 13.342169, 14.129441, 14.372718 ] }, { "date": "2025-05-09", "close": 12.030566, "volume": 2888636, "typical_volume": 1373227.35, "trend": 14.444539, "fair_value": 11.622014, "relative_strength": -16.241925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.421313, "energy": 72.021879, "activity_lines": [ 12.596158, 13.021183, 13.880806, 14.211846 ] }, { "date": "2025-05-16", "close": 12.532206, "volume": 1970811, "typical_volume": 1432198.9, "trend": 14.370297, "fair_value": 11.647848, "relative_strength": -17.981722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.509484, "energy": 57.224047, "activity_lines": [ 12.563302, 12.849469, 13.694295, 14.088469 ] }, { "date": "2025-05-23", "close": 12.153776, "volume": 1698235, "typical_volume": 1474656.05, "trend": 14.296255, "fair_value": 11.668794, "relative_strength": -18.149371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.910705, "energy": 58.675437, "activity_lines": [ 12.391395, 12.651508, 13.484816, 13.945468 ] }, { "date": "2025-05-30", "close": 12.364993, "volume": 1218225, "typical_volume": 1489667.0, "trend": 14.242904, "fair_value": 11.691451, "relative_strength": -17.883932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.205263, "energy": 56.212324, "activity_lines": [ 12.335657, 12.531886, 13.31187, 13.820871 ] }, { "date": "2025-06-06", "close": 12.33859, "volume": 1768003, "typical_volume": 1519590.5, "trend": 14.195359, "fair_value": 11.714654, "relative_strength": -19.31955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.083309, "energy": 53.41557, "activity_lines": [ 12.313949, 12.449479, 13.150431, 13.698012 ] }, { "date": "2025-06-13", "close": 12.232982, "volume": 2169689, "typical_volume": 1592778.5, "trend": 14.151259, "fair_value": 11.742384, "relative_strength": -19.224727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.016805, "energy": 53.315029, "activity_lines": [ 12.296934, 12.391075, 12.995491, 13.571407 ] }, { "date": "2025-06-20", "close": 12.224181, "volume": 1825753, "typical_volume": 1647548.8, "trend": 14.089314, "fair_value": 11.768706, "relative_strength": -18.901581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.932449, "energy": 49.68781, "activity_lines": [ 12.263491, 12.344991, 12.856159, 13.447079 ] }, { "date": "2025-06-27", "close": 12.250583, "volume": 2527672, "typical_volume": 1739625.25, "trend": 14.014877, "fair_value": 11.793834, "relative_strength": -21.548129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.729838, "energy": 46.131437, "activity_lines": [ 12.259384, 12.305788, 12.73685, 13.328451 ] }, { "date": "2025-07-04", "close": 12.608788, "volume": 1766297, "typical_volume": 1731610.7, "trend": 13.949038, "fair_value": 11.820357, "relative_strength": -20.057659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.979412, "energy": 40.118166, "activity_lines": [ 12.368225, 12.342434, 12.668386, 13.237736 ] }, { "date": "2025-07-11", "close": 12.844296, "volume": 1849171, "typical_volume": 1793292.05, "trend": 13.880184, "fair_value": 11.85052, "relative_strength": -17.882354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.195101, "energy": 32.885019, "activity_lines": [ 12.539315, 12.429147, 12.634438, 13.166462 ] }, { "date": "2025-07-18", "close": 12.654078, "volume": 2187316, "typical_volume": 1847153.2, "trend": 13.800531, "fair_value": 11.877579, "relative_strength": -19.661373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.121658, "energy": 25.385054, "activity_lines": [ 12.613286, 12.482962, 12.594156, 13.087358 ] }, { "date": "2025-07-25", "close": 12.862413, "volume": 2227278, "typical_volume": 1905634.4, "trend": 13.720023, "fair_value": 11.904334, "relative_strength": -18.538787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.006697, "energy": 23.1154, "activity_lines": [ 12.728628, 12.56332, 12.585953, 13.026835 ] }, { "date": "2025-08-01", "close": 12.409511, "volume": 2142348, "typical_volume": 1963226.5, "trend": 13.613637, "fair_value": 11.927858, "relative_strength": -19.166899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.813315, "energy": 18.464168, "activity_lines": [ 12.650455, 12.555327, 12.544191, 12.942286 ] }, { "date": "2025-08-08", "close": 12.617846, "volume": 2754601, "typical_volume": 2056863.2, "trend": 13.523904, "fair_value": 11.948906, "relative_strength": -20.335774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.103507, "energy": 17.143719, "activity_lines": [ 12.631131, 12.580565, 12.531512, 12.878041 ] }, { "date": "2025-08-15", "close": 12.31893, "volume": 2524223, "typical_volume": 2119872.3, "trend": 13.407358, "fair_value": 11.969513, "relative_strength": -22.197527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.823866, "energy": 28.94465, "activity_lines": [ 12.511565, 12.546856, 12.500164, 12.800301 ] }, { "date": "2025-08-22", "close": 12.672194, "volume": 2476627, "typical_volume": 2124205.95, "trend": 13.306872, "fair_value": 11.991729, "relative_strength": -18.843135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.68125, "energy": 26.15054, "activity_lines": [ 12.544778, 12.577735, 12.51387, 12.752871 ] }, { "date": "2025-08-29", "close": 12.672194, "volume": 1446782, "typical_volume": 2022698.8, "trend": 13.199246, "fair_value": 12.014642, "relative_strength": -18.221004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.224891, "energy": 19.989147, "activity_lines": [ 12.576783, 12.600628, 12.52913, 12.711924 ] }, { "date": "2025-09-05", "close": 12.491033, "volume": 1250617, "typical_volume": 2015316.05, "trend": 13.09015, "fair_value": 12.036476, "relative_strength": -19.688628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.242527, "energy": 20.392315, "activity_lines": [ 12.561082, 12.582437, 12.525549, 12.666233 ] }, { "date": "2025-09-12", "close": 12.409511, "volume": 1755402, "typical_volume": 2026687.3, "trend": 12.998899, "fair_value": 12.059262, "relative_strength": -21.167085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.81603, "energy": 19.045384, "activity_lines": [ 12.512772, 12.545052, 12.515866, 12.62232 ] }, { "date": "2025-09-19", "close": 12.246466, "volume": 3554914, "typical_volume": 2100130.0, "trend": 12.896501, "fair_value": 12.08588, "relative_strength": -23.380377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.35139, "energy": 30.023685, "activity_lines": [ 12.424004, 12.481646, 12.493502, 12.573776 ] }, { "date": "2025-09-26", "close": 11.802622, "volume": 2466660, "typical_volume": 2079031.2, "trend": 12.78245, "fair_value": 12.113031, "relative_strength": -25.306209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.720461, "energy": 57.070965, "activity_lines": [ 12.192118, 12.34841, 12.432156, 12.503204 ] }, { "date": "2025-10-03", "close": 11.684868, "volume": 3866259, "typical_volume": 2173803.6, "trend": 12.676183, "fair_value": 12.138027, "relative_strength": -26.377023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.939144, "energy": 71.869259, "activity_lines": [ 11.978952, 12.209246, 12.36068, 12.432392 ] }, { "date": "2025-10-10", "close": 10.96508, "volume": 3573992, "typical_volume": 2267591.45, "trend": 12.563343, "fair_value": 12.157095, "relative_strength": -28.747734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.002785, "energy": 87.770525, "activity_lines": [ 11.591679, 11.960621, 12.224689, 12.321998 ] }, { "date": "2025-10-17", "close": 11.535301, "volume": 3360178, "typical_volume": 2374689.1, "trend": 12.458658, "fair_value": 12.179267, "relative_strength": -26.240696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.582343, "energy": 78.223788, "activity_lines": [ 11.496209, 11.841935, 12.148664, 12.255673 ] }, { "date": "2025-10-24", "close": 11.750303, "volume": 2554884, "typical_volume": 2414033.15, "trend": 12.359842, "fair_value": 12.201079, "relative_strength": -25.911778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.292209, "energy": 72.986976, "activity_lines": [ 11.530688, 11.782023, 12.097067, 12.209973 ] }, { "date": "2025-10-31", "close": 11.815738, "volume": 2490752, "typical_volume": 2430086.3, "trend": 12.320412, "fair_value": 12.223607, "relative_strength": -26.364654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.908548, "energy": 54.088416, "activity_lines": [ 11.620056, 11.744346, 12.054503, 12.174869 ] }, { "date": "2025-11-07", "close": 11.198777, "volume": 3144159, "typical_volume": 2496006.6, "trend": 12.282418, "fair_value": 12.236414, "relative_strength": -27.529957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.434883, "energy": 48.218229, "activity_lines": [ 11.502895, 11.610067, 11.955168, 12.102505 ] }, { "date": "2025-11-14", "close": 11.105298, "volume": 2779228, "typical_volume": 2508584.4, "trend": 12.224587, "fair_value": 12.247815, "relative_strength": -27.524776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.972303, "energy": 49.213652, "activity_lines": [ 11.386981, 11.485582, 11.851813, 12.026562 ] }, { "date": "2025-11-21", "close": 11.423127, "volume": 3538669, "typical_volume": 2597203.0, "trend": 12.171776, "fair_value": 12.260025, "relative_strength": -22.565872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.738353, "energy": 43.691298, "activity_lines": [ 11.367662, 11.444078, 11.784181, 11.974855 ] }, { "date": "2025-11-28", "close": 11.825086, "volume": 1701332, "typical_volume": 2589811.05, "trend": 12.134711, "fair_value": 12.275193, "relative_strength": -23.057863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.196357, "energy": 38.3167, "activity_lines": [ 11.489808, 11.493592, 11.760477, 11.952488 ] }, { "date": "2025-12-05", "close": 12.124219, "volume": 2398547, "typical_volume": 2600372.6, "trend": 12.137833, "fair_value": 12.292914, "relative_strength": -21.381602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.062063, "energy": 17.292768, "activity_lines": [ 11.70668, 11.605156, 11.770115, 11.951811 ] }, { "date": "2025-12-12", "close": 12.170958, "volume": 2211016, "typical_volume": 2599559.5, "trend": 12.125791, "fair_value": 12.310893, "relative_strength": -19.021389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.529721, "energy": 17.412309, "activity_lines": [ 11.918565, 11.71937, 11.786727, 11.953948 ] }, { "date": "2025-12-19", "close": 11.703564, "volume": 3012220, "typical_volume": 2643053.1, "trend": 12.110784, "fair_value": 12.323373, "relative_strength": -21.939339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.469204, "energy": 21.411164, "activity_lines": [ 11.909841, 11.739765, 11.762119, 11.926708 ] }, { "date": "2025-12-26", "close": 11.80639, "volume": 1860501, "typical_volume": 2598348.1, "trend": 12.092164, "fair_value": 12.336495, "relative_strength": -21.568176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.55609, "energy": 15.418418, "activity_lines": [ 11.895507, 11.76543, 11.750665, 11.907069 ] }, { "date": "2026-01-02", "close": 12.107319, "volume": 2721832, "typical_volume": 2608228.55, "trend": 12.084455, "fair_value": 12.350627, "relative_strength": -17.466278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.628765, "energy": 10.484626, "activity_lines": [ 11.955932, 11.840879, 11.771735, 11.908047 ] }, { "date": "2026-01-09", "close": 12.252028, "volume": 2195656, "typical_volume": 2594180.0, "trend": 12.08509, "fair_value": 12.363676, "relative_strength": -17.568521, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.000454, "energy": 11.228499, "activity_lines": [ 12.045778, 11.936148, 11.807595, 11.918858 ] }, { "date": "2026-01-16", "close": 12.406384, "volume": 2123200, "typical_volume": 2628000.9, "trend": 12.091164, "fair_value": 12.379201, "relative_strength": -15.08327, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.827334, "energy": 37.022546, "activity_lines": [ 12.178556, 12.05155, 11.860156, 11.939587 ] }, { "date": "2026-01-23", "close": 12.348501, "volume": 1555263, "typical_volume": 2643233.2, "trend": 12.094427, "fair_value": 12.392519, "relative_strength": -14.986809, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.733172, "energy": 43.334415, "activity_lines": [ 12.276344, 12.13447, 11.90847, 11.956189 ] }, { "date": "2026-01-30", "close": 11.817901, "volume": 1838909, "typical_volume": 2647408.55, "trend": 12.068065, "fair_value": 12.402041, "relative_strength": -17.742274, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 10.892847, "energy": 23.995184, "activity_lines": [ 12.154269, 12.098315, 11.906929, 11.938349 ] }, { "date": "2026-02-06", "close": 11.557425, "volume": 4194922, "typical_volume": 2679408.95, "trend": 12.025169, "fair_value": 12.410113, "relative_strength": -17.160917, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.201395, "energy": 15.51614, "activity_lines": [ 11.944602, 12.007622, 11.883398, 11.905404 ] }, { "date": "2026-02-13", "close": 11.499541, "volume": 2321746, "typical_volume": 2672163.25, "trend": 11.986684, "fair_value": 12.416153, "relative_strength": -15.868076, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.169786, "energy": 28.496122, "activity_lines": [ 11.7523, 11.911271, 11.857636, 11.871493 ] }, { "date": "2026-02-20", "close": 11.132945, "volume": 2732606, "typical_volume": 2615480.6, "trend": 11.929035, "fair_value": 12.419011, "relative_strength": -18.716253, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.933167, "energy": 49.568102, "activity_lines": [ 11.487964, 11.759625, 11.798403, 11.816413 ] }, { "date": "2026-02-27", "close": 10.72776, "volume": 5586869, "typical_volume": 2716124.45, "trend": 11.872977, "fair_value": 12.420016, "relative_strength": -20.634302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.211799, "energy": 78.083041, "activity_lines": [ 11.173464, 11.553181, 11.70321, 11.738911 ] }, { "date": "2026-03-06", "close": 10.631287, "volume": 4192978, "typical_volume": 2757764.45, "trend": 11.806758, "fair_value": 12.427703, "relative_strength": -19.4779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.899303, "energy": 83.564887, "activity_lines": [ 10.934854, 11.346939, 11.599958, 11.658802 ] }, { "date": "2026-03-13", "close": 10.370811, "volume": 3890198, "typical_volume": 2824530.15, "trend": 11.741821, "fair_value": 12.435076, "relative_strength": -19.769895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.402202, "energy": 87.489222, "activity_lines": [ 10.688528, 11.114703, 11.476204, 11.566161 ] }, { "date": "2026-03-20", "close": 10.583051, "volume": 3676209, "typical_volume": 2883803.0, "trend": 11.672183, "fair_value": 12.443416, "relative_strength": -15.556114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.371343, "energy": 81.916704, "activity_lines": [ 10.592055, 10.952629, 11.379232, 11.491401 ] }, { "date": "2026-03-27", "close": 10.583051, "volume": 4149903, "typical_volume": 2934090.2, "trend": 11.602545, "fair_value": 12.449758, "relative_strength": -11.739604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.72343, "energy": 73.851466, "activity_lines": [ 10.556682, 10.8209, 11.288131, 11.421135 ] }, { "date": "2026-04-03", "close": 10.96, "volume": 4363236, "typical_volume": 3013290.6, "trend": 11.55151, "fair_value": 12.459826, "relative_strength": -11.120364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.764289, "energy": 49.962265, "activity_lines": [ 10.683618, 10.790859, 11.235861, 11.37968 ] }, { "date": "2026-04-10", "close": 10.93, "volume": 3480369, "typical_volume": 3010375.6, "trend": 11.502193, "fair_value": 12.467715, "relative_strength": -14.414304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.443761, "energy": 36.159891, "activity_lines": [ 10.785071, 10.780608, 11.181426, 11.339583 ] }, { "date": "2026-04-17", "close": 11.82, "volume": 4810404, "typical_volume": 3165829.2, "trend": 11.487978, "fair_value": 12.481851, "relative_strength": -11.956603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.273287, "energy": 15.519933, "activity_lines": [ 11.163277, 10.94832, 11.214101, 11.360086 ] }, { "date": "2026-04-24", "close": 11.49, "volume": 4134305, "typical_volume": 3252617.1, "trend": 11.477557, "fair_value": 12.491976, "relative_strength": -15.448192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.214758, "energy": 21.492297, "activity_lines": [ 11.33487, 11.051257, 11.215372, 11.360217 ] }, { "date": "2026-05-01", "close": 11.575257, "volume": 3743224, "typical_volume": 3329227.5, "trend": 11.473903, "fair_value": 12.504904, "relative_strength": -15.371623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 6.012788, "energy": 19.551406, "activity_lines": [ 11.474419, 11.169869, 11.227783, 11.36652 ] }, { "date": "2026-05-08", "close": 11.149412, "volume": 2862784, "typical_volume": 3321755.7, "trend": 11.480048, "fair_value": 12.516051, "relative_strength": -22.064877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.739099, "energy": 18.716384, "activity_lines": [ 11.405873, 11.203013, 11.202473, 11.345585 ] }, { "date": "2026-05-15", "close": 10.839706, "volume": 3294267, "typical_volume": 3393444.0, "trend": 11.456861, "fair_value": 12.52458, "relative_strength": -23.336784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.019961, "energy": 13.933874, "activity_lines": [ 11.221463, 11.17218, 11.150307, 11.304273 ] }, { "date": "2026-05-22", "close": 10.336434, "volume": 2260679, "typical_volume": 3370386.35, "trend": 11.409732, "fair_value": 12.5288, "relative_strength": -27.102137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.017429, "energy": 37.387423, "activity_lines": [ 10.875316, 11.046053, 11.054813, 11.231987 ] }, { "date": "2026-05-29", "close": 10.462252, "volume": 2174643, "typical_volume": 3369335.7, "trend": 11.364616, "fair_value": 12.531614, "relative_strength": -27.604511, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.463691, "energy": 56.315264, "activity_lines": [ 10.670013, 10.943428, 10.979735, 11.170859 ] }, { "date": "2026-06-05", "close": 10.297721, "volume": 2789223, "typical_volume": 3402636.85, "trend": 11.334581, "fair_value": 12.53125, "relative_strength": -24.734497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.005109, "energy": 68.390178, "activity_lines": [ 10.478383, 10.813085, 10.897509, 11.102027 ] }, { "date": "2026-06-12", "close": 10.626783, "volume": 2187965, "typical_volume": 3434271.95, "trend": 11.31863, "fair_value": 12.533538, "relative_strength": -23.43222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.604425, "energy": 64.482253, "activity_lines": [ 10.481609, 10.747758, 10.856665, 11.056363 ] }, { "date": "2026-06-19", "close": 10.597748, "volume": 2361252, "typical_volume": 3460389.1, "trend": 11.291118, "fair_value": 12.535911, "relative_strength": -24.95567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.204179, "energy": 51.270607, "activity_lines": [ 10.509998, 10.683211, 10.821253, 11.009854 ] }, { "date": "2026-06-26", "close": 10.462252, "volume": 2951213, "typical_volume": 3398203.65, "trend": 11.24569, "fair_value": 12.535258, "relative_strength": -21.824396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.646648, "energy": 37.21144, "activity_lines": [ 10.509353, 10.600069, 10.778748, 10.956379 ] }, { "date": "2026-07-03", "close": 10.89, "volume": 1989005, "typical_volume": 3381566.6, "trend": 11.204549, "fair_value": 12.535997, "relative_strength": -18.705936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.128949, "energy": 22.119925, "activity_lines": [ 10.642903, 10.619386, 10.782195, 10.933432 ] }, { "date": "2026-07-10", "close": 10.53, "volume": 2946357, "typical_volume": 3392254.15, "trend": 11.149851, "fair_value": 12.533499, "relative_strength": -22.094933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.739917, "energy": 22.11987, "activity_lines": [ 10.627936, 10.584158, 10.75426, 10.889912 ] }, { "date": "2026-07-17", "close": 10.45, "volume": 3366890, "typical_volume": 3281255.2, "trend": 11.108065, "fair_value": 12.530441, "relative_strength": -18.693257, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.064044, "energy": 24.396936, "activity_lines": [ 10.570817, 10.553389, 10.721576, 10.844761 ] }, { "date": "2026-07-24", "close": 10.04, "volume": 3883741, "typical_volume": 3265793.35, "trend": 11.049186, "fair_value": 12.521174, "relative_strength": -19.93963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.680849, "energy": 36.679966, "activity_lines": [ 10.388817, 10.460791, 10.651168, 10.775853 ] }, { "date": "2026-07-31", "close": 9.99, "volume": 2323034, "typical_volume": 3187435.15, "trend": 10.978608, "fair_value": 12.513122, "relative_strength": -20.105857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.001979, "energy": 59.144255, "activity_lines": [ 10.227333, 10.373642, 10.578813, 10.707519 ] }, { "date": "2026-08-07", "close": 11.02, "volume": 2693565, "typical_volume": 3138302.95, "trend": 10.937541, "fair_value": 12.513578, "relative_strength": -15.531786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.30635, "energy": 25.221477, "activity_lines": [ 10.440667, 10.480064, 10.606367, 10.710189 ] } ], "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." } } }