{ "ticker": { "uuid": "1a99e02c-8452-4827-a2f2-f2d86b6c6b7f", "symbol": "NEU", "name": "Neuren Pharmaceuticals Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 96.961, "architecture_energy": 97.274, "architecture_maturity": 22.0, "architecture_confidence": 73.223, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 15.98, "rotation_up": 89.85, "upward_expansion": 99.94, "deceleration": 39.01, "rotation_down": 8.19, "downward_expansion": 21.94 }, "activity_lines": [ 19.029333, 17.271636, 15.542952, 14.708753 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 22.719999, "trend_reference": 14.242, "distance_from_trend": 0.595282, "trend_direction": "Weakening", "fair_value": 16.005513, "distance_from_fair_value": 0.419511, "fair_value_direction": "Improving", "relative_strength": 31.11726, "relative_strength_direction": "Improving", "price_momentum": 0.814696, "excess_performance": 0.750991, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.595282, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.069981, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.419511, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.609355, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.311173, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.523359, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.814696, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.058174, "read": "Demand-led" } ], "volume": { "latest": 4632581, "relative_activity": 2.841396, "balance": 1.058174, "dry_up": 1.611511, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.080038, "annualized_volatility": 0.596939, "from_high_reference": -0.011529, "from_low_reference": 1.065454 }, "levels": { "trend_reference": 14.242, "fair_value_reference": 16.005513, "structural_low": 11.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.009563, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.018904, "regime_survival": 0.785714, "best_return": 0.382731, "worst_return": -0.178531, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.200786, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": 0.186153, "regime_survival": 0.5, "best_return": 0.78392, "worst_return": -0.216518, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.365248, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.317729, "regime_survival": 0.333333, "best_return": 1.496774, "worst_return": 0.007752, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.715854, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.669689, "regime_survival": 0.0, "best_return": 1.516129, "worst_return": -0.22287, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-02-16", "tenure": "Developing", "return": 0.154026, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-23", "end": "2024-05-31", "tenure": "Established", "return": 0.042892, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-08-09", "tenure": "Developing", "return": -0.170519, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2025-01-31", "tenure": "Established", "return": -0.069364, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": -0.166904, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-23", "tenure": "Developing", "return": 0.025498, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.028818, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-14", "tenure": "Established", "return": 0.304049, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-01-30", "tenure": "Developing", "return": -0.080441, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": 0.018371, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-05-29", "tenure": "Established", "return": 0.112471, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.106227, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": 0.075269, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.15, "volume": 1955947, "typical_volume": 2401304.45, "trend": 11.848333, "fair_value": 4.924359, "relative_strength": 21.768787, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.790169, "energy": 11.214172, "activity_lines": [ 12.431333, 12.617273, 12.889857, 12.697376 ] }, { "date": "2023-08-25", "close": 12.5, "volume": 1344982, "typical_volume": 2380373.8, "trend": 11.999667, "fair_value": 4.996346, "relative_strength": 24.212859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.000272, "energy": 14.110546, "activity_lines": [ 12.343333, 12.599273, 12.828429, 12.739419 ] }, { "date": "2023-09-01", "close": 11.76, "volume": 3477129, "typical_volume": 2456926.9, "trend": 12.134667, "fair_value": 5.064038, "relative_strength": 13.100443, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.105537, "energy": 29.153177, "activity_lines": [ 12.122, 12.447455, 12.698952, 12.723957 ] }, { "date": "2023-09-08", "close": 11.22, "volume": 2742332, "typical_volume": 2468286.4, "trend": 12.266333, "fair_value": 5.128397, "relative_strength": 8.818701, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.748533, "energy": 46.451595, "activity_lines": [ 11.800667, 12.202, 12.524095, 12.664946 ] }, { "date": "2023-09-15", "close": 11.0, "volume": 10594421, "typical_volume": 2930437.6, "trend": 12.390333, "fair_value": 5.191474, "relative_strength": 4.272066, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.307467, "energy": 51.201387, "activity_lines": [ 11.487333, 11.935273, 12.342571, 12.583247 ] }, { "date": "2023-09-22", "close": 10.47, "volume": 3625814, "typical_volume": 3036492.55, "trend": 12.500667, "fair_value": 5.251218, "relative_strength": 1.637651, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.561328, "energy": 70.361935, "activity_lines": [ 11.068667, 11.586364, 12.12581, 12.459355 ] }, { "date": "2023-09-29", "close": 11.06, "volume": 2207486, "typical_volume": 3047120.4, "trend": 12.612, "fair_value": 5.315224, "relative_strength": 6.884395, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.135756, "energy": 65.411171, "activity_lines": [ 10.958667, 11.401455, 11.982048, 12.366409 ] }, { "date": "2023-10-06", "close": 11.44, "volume": 2586009, "typical_volume": 3065543.7, "trend": 12.737667, "fair_value": 5.38125, "relative_strength": 11.15211, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.912911, "energy": 52.210009, "activity_lines": [ 11.071333, 11.342727, 11.888714, 12.290796 ] }, { "date": "2023-10-13", "close": 11.03, "volume": 1614396, "typical_volume": 3041245.7, "trend": 12.664333, "fair_value": 5.444968, "relative_strength": 4.912073, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.276875, "energy": 49.684016, "activity_lines": [ 11.068667, 11.237091, 11.770048, 12.180624 ] }, { "date": "2023-10-20", "close": 11.3, "volume": 3066832, "typical_volume": 3102014.5, "trend": 12.606, "fair_value": 5.510321, "relative_strength": 9.095507, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.737928, "energy": 34.621081, "activity_lines": [ 11.168667, 11.206182, 11.689619, 12.092602 ] }, { "date": "2023-10-27", "close": 10.23, "volume": 1633418, "typical_volume": 3016545.85, "trend": 12.497, "fair_value": 5.569423, "relative_strength": -0.716026, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.283643, "energy": 43.748316, "activity_lines": [ 10.892, 10.994727, 11.517905, 11.939312 ] }, { "date": "2023-11-03", "close": 12.25, "volume": 3314845, "typical_volume": 2937870.8, "trend": 12.471667, "fair_value": 5.641346, "relative_strength": 15.33431, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.548893, "energy": 20.207004, "activity_lines": [ 11.304667, 11.185455, 11.551238, 11.923376 ] }, { "date": "2023-11-10", "close": 14.46, "volume": 3726308, "typical_volume": 2991465.6, "trend": 12.519333, "fair_value": 5.726058, "relative_strength": 34.661547, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 5.885991, "energy": 15.965311, "activity_lines": [ 12.374667, 11.782545, 11.796429, 12.051656 ] }, { "date": "2023-11-17", "close": 14.68, "volume": 3396105, "typical_volume": 3079261.05, "trend": 12.534667, "fair_value": 5.811763, "relative_strength": 33.737442, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.780539, "energy": 41.751511, "activity_lines": [ 13.316667, 12.370545, 12.050905, 12.191054 ] }, { "date": "2023-11-24", "close": 14.9, "volume": 2688532, "typical_volume": 3158599.05, "trend": 12.558, "fair_value": 5.899519, "relative_strength": 34.273542, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.91451, "energy": 58.947641, "activity_lines": [ 14.088667, 12.935636, 12.314762, 12.343656 ] }, { "date": "2023-12-01", "close": 16.09, "volume": 2677543, "typical_volume": 3090508.3, "trend": 12.627667, "fair_value": 5.995096, "relative_strength": 42.152606, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.082494, "energy": 79.527628, "activity_lines": [ 15.017333, 13.646182, 12.677095, 12.571527 ] }, { "date": "2023-12-08", "close": 15.84, "volume": 2953802, "typical_volume": 2973289.3, "trend": 12.687333, "fair_value": 6.088301, "relative_strength": 35.599971, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.285445, "energy": 87.709373, "activity_lines": [ 15.472, 14.209091, 13.003714, 12.778774 ] }, { "date": "2023-12-15", "close": 17.139999, "volume": 1874256, "typical_volume": 2943235.8, "trend": 12.781333, "fair_value": 6.190128, "relative_strength": 39.745025, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.188039, "energy": 93.006362, "activity_lines": [ 16.120666, 14.921454, 13.446333, 13.066043 ] }, { "date": "2023-12-22", "close": 24.040001, "volume": 6045157, "typical_volume": 3148048.65, "trend": 13.127333, "fair_value": 6.335897, "relative_strength": 89.938723, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.841093, "energy": 98.703212, "activity_lines": [ 18.890667, 16.784727, 14.52619, 13.792409 ] }, { "date": "2023-12-29", "close": 24.969999, "volume": 980134, "typical_volume": 3125272.4, "trend": 13.508667, "fair_value": 6.487724, "relative_strength": 90.283455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.206903, "energy": 98.71802, "activity_lines": [ 21.346666, 18.580545, 15.639381, 14.556452 ] }, { "date": "2024-01-05", "close": 24.110001, "volume": 1353508, "typical_volume": 3095150.45, "trend": 13.882667, "fair_value": 6.632885, "relative_strength": 82.222304, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.227449, "energy": 94.328762, "activity_lines": [ 22.844667, 19.971455, 16.609238, 15.240409 ] }, { "date": "2024-01-12", "close": 23.700001, "volume": 2351746, "typical_volume": 3145488.65, "trend": 14.254667, "fair_value": 6.775481, "relative_strength": 75.179647, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.265507, "energy": 89.432621, "activity_lines": [ 23.671334, 21.035455, 17.483095, 15.873785 ] }, { "date": "2024-01-19", "close": 23.33, "volume": 1672614, "typical_volume": 3055262.9, "trend": 14.632, "fair_value": 6.916122, "relative_strength": 70.668233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.430385, "energy": 86.926077, "activity_lines": [ 23.850667, 21.824, 18.268381, 16.45929 ] }, { "date": "2024-01-26", "close": 23.459999, "volume": 1379504, "typical_volume": 2987121.5, "trend": 15.005667, "fair_value": 7.058205, "relative_strength": 65.050744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.596329, "energy": 66.880048, "activity_lines": [ 23.660667, 22.474909, 19.010952, 17.028839 ] }, { "date": "2024-02-02", "close": 22.99, "volume": 2591317, "typical_volume": 2586966.3, "trend": 15.379333, "fair_value": 7.196122, "relative_strength": 55.592376, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.556776, "energy": 64.712473, "activity_lines": [ 23.352667, 22.880727, 19.650476, 17.543957 ] }, { "date": "2024-02-09", "close": 22.610001, "volume": 1348133, "typical_volume": 2473082.25, "trend": 15.68, "fair_value": 7.331923, "relative_strength": 51.115805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.956793, "energy": 58.090639, "activity_lines": [ 23.05, 23.070364, 20.196714, 18.010452 ] }, { "date": "2024-02-16", "close": 19.780001, "volume": 4715759, "typical_volume": 2598495.9, "trend": 15.866, "fair_value": 7.449904, "relative_strength": 29.935774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.397006, "energy": 44.890587, "activity_lines": [ 21.904, 22.626909, 20.415619, 18.274968 ] }, { "date": "2024-02-23", "close": 20.75, "volume": 3157667, "typical_volume": 2627078.8, "trend": 16.125667, "fair_value": 7.574135, "relative_strength": 34.315597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.420659, "energy": 32.153411, "activity_lines": [ 21.342667, 22.288182, 20.685381, 18.590065 ] }, { "date": "2024-03-01", "close": 19.709999, "volume": 5501700, "typical_volume": 2821444.0, "trend": 16.368, "fair_value": 7.692468, "relative_strength": 24.149616, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.509271, "energy": 27.395792, "activity_lines": [ 20.606667, 21.694727, 20.811762, 18.821312 ] }, { "date": "2024-03-08", "close": 19.950001, "volume": 3115150, "typical_volume": 2823859.9, "trend": 16.630667, "fair_value": 7.812019, "relative_strength": 22.35138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.975804, "energy": 26.84109, "activity_lines": [ 20.200667, 21.223637, 20.919667, 19.052409 ] }, { "date": "2024-03-15", "close": 20.24, "volume": 2863076, "typical_volume": 2885342.8, "trend": 16.900333, "fair_value": 7.933205, "relative_strength": 26.117197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.707762, "energy": 18.489404, "activity_lines": [ 20.094, 20.896546, 21.014, 19.285269 ] }, { "date": "2024-03-22", "close": 20.219999, "volume": 1884551, "typical_volume": 2813828.1, "trend": 17.157667, "fair_value": 8.05391, "relative_strength": 23.542127, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.158489, "energy": 18.470193, "activity_lines": [ 20.138666, 20.636182, 21.058762, 19.499441 ] }, { "date": "2024-03-29", "close": 21.219999, "volume": 1239396, "typical_volume": 2689482.5, "trend": 17.473, "fair_value": 8.180705, "relative_strength": 26.646049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.11048, "energy": 14.089652, "activity_lines": [ 20.487333, 20.620909, 21.160809, 19.761527 ] }, { "date": "2024-04-05", "close": 20.77, "volume": 1091264, "typical_volume": 2574240.45, "trend": 17.791333, "fair_value": 8.30484, "relative_strength": 24.9464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.463381, "energy": 20.195994, "activity_lines": [ 20.654666, 20.562182, 21.187809, 19.974237 ] }, { "date": "2024-04-12", "close": 20.76, "volume": 1143097, "typical_volume": 2496968.7, "trend": 18.116667, "fair_value": 8.429071, "relative_strength": 23.65302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.69043, "energy": 20.999495, "activity_lines": [ 20.748, 20.550545, 21.184857, 20.165763 ] }, { "date": "2024-04-19", "close": 18.92, "volume": 1606774, "typical_volume": 2443430.25, "trend": 18.398333, "fair_value": 8.542019, "relative_strength": 15.404701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.361372, "energy": 4.959565, "activity_lines": [ 20.174, 20.244909, 20.978762, 20.217591 ] }, { "date": "2024-04-26", "close": 18.65, "volume": 1217174, "typical_volume": 2356598.85, "trend": 18.651333, "fair_value": 8.653269, "relative_strength": 13.107597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.476631, "energy": 12.135283, "activity_lines": [ 19.598, 19.957273, 20.733476, 20.233828 ] }, { "date": "2024-05-03", "close": 19.700001, "volume": 1561069, "typical_volume": 2340939.5, "trend": 18.926667, "fair_value": 8.771667, "relative_strength": 17.97355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.125466, "energy": 15.386386, "activity_lines": [ 19.476667, 19.881091, 20.57481, 20.301484 ] }, { "date": "2024-05-10", "close": 19.09, "volume": 2427426, "typical_volume": 2160052.95, "trend": 19.195333, "fair_value": 8.885833, "relative_strength": 12.031089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.055629, "energy": 15.378882, "activity_lines": [ 19.253334, 19.713091, 20.345857, 20.312022 ] }, { "date": "2024-05-17", "close": 21.09, "volume": 2510449, "typical_volume": 2236568.7, "trend": 19.521667, "fair_value": 9.013269, "relative_strength": 21.952044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.578193, "energy": 9.725925, "activity_lines": [ 19.808667, 19.92, 20.330952, 20.434258 ] }, { "date": "2024-05-24", "close": 20.709999, "volume": 814912, "typical_volume": 2209638.9, "trend": 19.871, "fair_value": 9.138013, "relative_strength": 20.294113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.610942, "energy": 10.516232, "activity_lines": [ 20.215333, 20.037091, 20.298333, 20.510925 ] }, { "date": "2024-05-31", "close": 21.639999, "volume": 4965545, "typical_volume": 2340328.85, "trend": 20.184, "fair_value": 9.268654, "relative_strength": 25.129173, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.948504, "energy": 21.73736, "activity_lines": [ 20.812666, 20.314727, 20.370476, 20.625054 ] }, { "date": "2024-06-07", "close": 19.469999, "volume": 3382295, "typical_volume": 2425812.9, "trend": 20.351, "fair_value": 9.385064, "relative_strength": 9.687291, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.45473, "energy": 10.288007, "activity_lines": [ 20.487333, 20.172, 20.245762, 20.578989 ] }, { "date": "2024-06-14", "close": 19.5, "volume": 1776132, "typical_volume": 2445644.3, "trend": 20.511667, "fair_value": 9.50157, "relative_strength": 11.03445, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.132766, "energy": 6.620421, "activity_lines": [ 20.187333, 20.066545, 20.142285, 20.524086 ] }, { "date": "2024-06-21", "close": 20.0, "volume": 1839578, "typical_volume": 2408057.35, "trend": 20.681667, "fair_value": 9.620288, "relative_strength": 12.006413, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.423223, "energy": 17.45927, "activity_lines": [ 20.026666, 20.075091, 20.105285, 20.491075 ] }, { "date": "2024-06-28", "close": 21.27, "volume": 1735759, "typical_volume": 2427438.65, "trend": 20.854333, "fair_value": 9.74609, "relative_strength": 18.523202, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -10.407585, "energy": 7.917326, "activity_lines": [ 20.362, 20.328363, 20.203476, 20.529032 ] }, { "date": "2024-07-05", "close": 19.969999, "volume": 1310437, "typical_volume": 2257172.55, "trend": 20.992, "fair_value": 9.864167, "relative_strength": 9.695915, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.506383, "energy": 14.211905, "activity_lines": [ 20.226666, 20.302545, 20.184238, 20.471978 ] }, { "date": "2024-07-12", "close": 20.52, "volume": 1528778, "typical_volume": 2175728.1, "trend": 21.104667, "fair_value": 9.985256, "relative_strength": 10.124253, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.439528, "energy": 9.306698, "activity_lines": [ 20.386, 20.352727, 20.216476, 20.441527 ] }, { "date": "2024-07-19", "close": 20.68, "volume": 2034261, "typical_volume": 2002356.15, "trend": 20.992667, "fair_value": 10.1075, "relative_strength": 10.220718, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.243309, "energy": 9.331278, "activity_lines": [ 20.528666, 20.417091, 20.265047, 20.414129 ] }, { "date": "2024-07-26", "close": 20.17, "volume": 1087610, "typical_volume": 1900979.15, "trend": 20.832667, "fair_value": 10.226506, "relative_strength": 7.486256, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.408353, "energy": 7.241925, "activity_lines": [ 20.422667, 20.359818, 20.260428, 20.361054 ] }, { "date": "2024-08-02", "close": 18.65, "volume": 2200749, "typical_volume": 1867862.8, "trend": 20.650667, "fair_value": 10.33407, "relative_strength": -1.407856, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.828782, "energy": 26.617816, "activity_lines": [ 19.798667, 20.042909, 20.11, 20.220236 ] }, { "date": "2024-08-09", "close": 16.15, "volume": 3399955, "typical_volume": 1943633.0, "trend": 20.399, "fair_value": 10.423365, "relative_strength": -13.110418, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.200931, "energy": 60.610243, "activity_lines": [ 18.516, 19.308909, 19.729047, 19.929871 ] }, { "date": "2024-08-16", "close": 15.57, "volume": 2971782, "typical_volume": 2030252.3, "trend": 20.140333, "fair_value": 10.509519, "relative_strength": -18.429805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.151372, "energy": 76.638695, "activity_lines": [ 17.294667, 18.569273, 19.312238, 19.618322 ] }, { "date": "2024-08-23", "close": 15.52, "volume": 2673711, "typical_volume": 2109374.65, "trend": 19.875667, "fair_value": 10.594968, "relative_strength": -19.341709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.095089, "energy": 80.82949, "activity_lines": [ 16.386667, 17.891454, 18.917571, 19.320236 ] }, { "date": "2024-08-30", "close": 15.59, "volume": 2353614, "typical_volume": 2169900.5, "trend": 19.629, "fair_value": 10.679391, "relative_strength": -19.858563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.501234, "energy": 83.930135, "activity_lines": [ 15.846, 17.298727, 18.554571, 19.043742 ] }, { "date": "2024-09-06", "close": 13.56, "volume": 3166508, "typical_volume": 2247887.2, "trend": 19.327333, "fair_value": 10.751891, "relative_strength": -29.681045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.848063, "energy": 92.486111, "activity_lines": [ 14.934, 16.417091, 18.022857, 18.652193 ] }, { "date": "2024-09-13", "close": 13.76, "volume": 1958414, "typical_volume": 2284949.2, "trend": 19.126666, "fair_value": 10.826763, "relative_strength": -29.511585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.146243, "energy": 90.125501, "activity_lines": [ 14.428, 15.712, 17.535714, 18.293011 ] }, { "date": "2024-09-20", "close": 14.19, "volume": 2823693, "typical_volume": 2348080.4, "trend": 18.908, "fair_value": 10.904327, "relative_strength": -28.420544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.637616, "energy": 82.684921, "activity_lines": [ 14.224667, 15.198, 17.112809, 17.974516 ] }, { "date": "2024-09-27", "close": 15.27, "volume": 2570501, "typical_volume": 2355234.15, "trend": 18.76, "fair_value": 10.988814, "relative_strength": -23.175586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.863025, "energy": 62.420335, "activity_lines": [ 14.473333, 14.995455, 16.819, 17.739806 ] }, { "date": "2024-10-04", "close": 14.05, "volume": 2234562, "typical_volume": 2341439.8, "trend": 18.563333, "fair_value": 11.065994, "relative_strength": -28.818626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.392666, "energy": 57.479461, "activity_lines": [ 14.332, 14.669455, 16.42719, 17.435935 ] }, { "date": "2024-10-11", "close": 12.94, "volume": 3066169, "typical_volume": 2454002.65, "trend": 18.32, "fair_value": 11.136186, "relative_strength": -34.962618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.582153, "energy": 59.294337, "activity_lines": [ 13.923333, 14.252909, 15.96319, 17.07314 ] }, { "date": "2024-10-18", "close": 13.13, "volume": 2322437, "typical_volume": 2321847.25, "trend": 18.083667, "fair_value": 11.208237, "relative_strength": -34.527771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.370829, "energy": 59.003195, "activity_lines": [ 13.619333, 13.974727, 15.554286, 16.738301 ] }, { "date": "2024-10-25", "close": 12.47, "volume": 2044368, "typical_volume": 2254950.9, "trend": 17.792, "fair_value": 11.276058, "relative_strength": -37.2844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.266493, "energy": 70.245538, "activity_lines": [ 13.137333, 13.631455, 15.123048, 16.376129 ] }, { "date": "2024-11-01", "close": 12.25, "volume": 1870016, "typical_volume": 2259645.1, "trend": 17.508, "fair_value": 11.343269, "relative_strength": -37.566635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.106902, "energy": 79.094883, "activity_lines": [ 12.696667, 13.304545, 14.70419, 16.018581 ] }, { "date": "2024-11-08", "close": 16.57, "volume": 3765278, "typical_volume": 2355930.1, "trend": 17.368333, "fair_value": 11.438718, "relative_strength": -17.294759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.864131, "energy": 38.437102, "activity_lines": [ 13.897333, 13.822545, 14.731286, 15.958064 ] }, { "date": "2024-11-15", "close": 16.709999, "volume": 3640389, "typical_volume": 2451161.6, "trend": 17.294667, "fair_value": 11.533846, "relative_strength": -16.452697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.160529, "energy": 17.795004, "activity_lines": [ 14.976666, 14.348182, 14.788048, 15.915591 ] }, { "date": "2024-11-22", "close": 12.36, "volume": 4799505, "typical_volume": 2625615.0, "trend": 17.085, "fair_value": 11.601603, "relative_strength": -38.687122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.643348, "energy": 26.979202, "activity_lines": [ 14.354666, 14.025636, 14.452238, 15.597226 ] }, { "date": "2024-11-29", "close": 12.47, "volume": 3238739, "typical_volume": 2711113.05, "trend": 16.844, "fair_value": 11.670192, "relative_strength": -38.057233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.784728, "energy": 26.491835, "activity_lines": [ 13.820666, 13.748545, 14.163143, 15.299484 ] }, { "date": "2024-12-06", "close": 12.8, "volume": 3267064, "typical_volume": 2772753.2, "trend": 16.634333, "fair_value": 11.727564, "relative_strength": -35.950711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.683614, "energy": 38.530217, "activity_lines": [ 13.396667, 13.562727, 13.943809, 15.038581 ] }, { "date": "2024-12-13", "close": 13.32, "volume": 2509829, "typical_volume": 2843864.15, "trend": 16.375333, "fair_value": 11.789423, "relative_strength": -31.960772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.707323, "energy": 43.387598, "activity_lines": [ 13.109333, 13.516364, 13.811524, 14.824753 ] }, { "date": "2024-12-20", "close": 12.14, "volume": 2286817, "typical_volume": 2848167.55, "trend": 16.089667, "fair_value": 11.843974, "relative_strength": -35.332162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.715948, "energy": 57.393265, "activity_lines": [ 12.645333, 13.268727, 13.599476, 14.551505 ] }, { "date": "2024-12-27", "close": 12.34, "volume": 881979, "typical_volume": 2722268.75, "trend": 15.779667, "fair_value": 11.89891, "relative_strength": -34.849795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.184945, "energy": 55.135316, "activity_lines": [ 12.552667, 13.072, 13.437476, 14.309591 ] }, { "date": "2025-01-03", "close": 12.2, "volume": 1024018, "typical_volume": 2624880.55, "trend": 15.537333, "fair_value": 11.952308, "relative_strength": -34.545013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.189645, "energy": 50.743398, "activity_lines": [ 12.414667, 12.864182, 13.280286, 14.078645 ] }, { "date": "2025-01-10", "close": 11.91, "volume": 2374166, "typical_volume": 2609903.3, "trend": 15.284333, "fair_value": 12.006026, "relative_strength": -35.489663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.694748, "energy": 54.024822, "activity_lines": [ 12.198, 12.608545, 13.111524, 13.844624 ] }, { "date": "2025-01-17", "close": 13.2, "volume": 3882534, "typical_volume": 2686349.3, "trend": 15.057667, "fair_value": 12.067564, "relative_strength": -27.670746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.311225, "energy": 35.403451, "activity_lines": [ 12.470667, 12.593636, 13.082809, 13.71015 ] }, { "date": "2025-01-24", "close": 14.73, "volume": 3512855, "typical_volume": 2703666.65, "trend": 14.839667, "fair_value": 12.14109, "relative_strength": -19.275889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.675714, "energy": 12.849342, "activity_lines": [ 13.261333, 12.918182, 13.21119, 13.689011 ] }, { "date": "2025-01-31", "close": 14.49, "volume": 1666991, "typical_volume": 2689095.5, "trend": 14.657, "fair_value": 12.209744, "relative_strength": -20.836219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.52765, "energy": 14.446112, "activity_lines": [ 13.799333, 13.235091, 13.311143, 13.666452 ] }, { "date": "2025-02-07", "close": 14.02, "volume": 2246965, "typical_volume": 2660259.1, "trend": 14.440333, "fair_value": 12.272949, "relative_strength": -22.303236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.926957, "energy": 20.011466, "activity_lines": [ 14.037333, 13.427818, 13.362857, 13.625355 ] }, { "date": "2025-02-14", "close": 13.11, "volume": 1332018, "typical_volume": 2598334.95, "trend": 14.188, "fair_value": 12.332244, "relative_strength": -27.027981, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.520063, "energy": 19.967249, "activity_lines": [ 13.850667, 13.426909, 13.328714, 13.539527 ] }, { "date": "2025-02-21", "close": 13.27, "volume": 1856485, "typical_volume": 2579431.1, "trend": 13.958, "fair_value": 12.392372, "relative_strength": -23.040153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.11068, "energy": 13.020215, "activity_lines": [ 13.637333, 13.449455, 13.320095, 13.480301 ] }, { "date": "2025-02-28", "close": 13.23, "volume": 3253193, "typical_volume": 2588782.3, "trend": 13.777333, "fair_value": 12.452179, "relative_strength": -21.436826, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.308182, "energy": 14.41005, "activity_lines": [ 13.406, 13.465636, 13.311381, 13.433333 ] }, { "date": "2025-03-07", "close": 12.28, "volume": 3874964, "typical_volume": 2666408.65, "trend": 13.648333, "fair_value": 12.505128, "relative_strength": -24.316755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.231304, "energy": 30.88611, "activity_lines": [ 12.958, 13.289273, 13.21081, 13.336731 ] }, { "date": "2025-03-14", "close": 11.68, "volume": 3331614, "typical_volume": 2730770.95, "trend": 13.518667, "fair_value": 12.551282, "relative_strength": -25.753033, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.066992, "energy": 52.39515, "activity_lines": [ 12.457333, 13.004909, 13.057143, 13.209742 ] }, { "date": "2025-03-21", "close": 12.55, "volume": 2547092, "typical_volume": 2764624.75, "trend": 13.419667, "fair_value": 12.605833, "relative_strength": -20.87762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.20757, "energy": 50.624344, "activity_lines": [ 12.402667, 12.888182, 12.990095, 13.147247 ] }, { "date": "2025-03-28", "close": 12.26, "volume": 3053188, "typical_volume": 2729020.25, "trend": 13.308667, "fair_value": 12.659167, "relative_strength": -22.338182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.475831, "energy": 55.083527, "activity_lines": [ 12.288667, 12.707091, 12.894, 13.07243 ] }, { "date": "2025-04-04", "close": 9.86, "volume": 4412792, "typical_volume": 2767640.4, "trend": 13.185333, "fair_value": 12.697115, "relative_strength": -34.093541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.364654, "energy": 72.675614, "activity_lines": [ 11.442, 12.106727, 12.589857, 12.849935 ] }, { "date": "2025-04-11", "close": 9.19, "volume": 8132973, "typical_volume": 2934313.8, "trend": 13.033, "fair_value": 12.730641, "relative_strength": -37.499142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.492147, "energy": 79.213765, "activity_lines": [ 10.596667, 11.473091, 12.254524, 12.592172 ] }, { "date": "2025-04-18", "close": 10.53, "volume": 4301249, "typical_volume": 2987439.3, "trend": 12.911, "fair_value": 12.772885, "relative_strength": -29.149334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.128732, "energy": 73.438362, "activity_lines": [ 10.404, 11.179455, 12.061905, 12.430688 ] }, { "date": "2025-04-25", "close": 11.34, "volume": 1502954, "typical_volume": 2899233.8, "trend": 12.78, "fair_value": 12.821026, "relative_strength": -24.331901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.358389, "energy": 70.401999, "activity_lines": [ 10.558, 11.096545, 11.955667, 12.329333 ] }, { "date": "2025-05-02", "close": 12.44, "volume": 2908279, "typical_volume": 2919156.3, "trend": 12.726333, "fair_value": 12.876731, "relative_strength": -18.820571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.176232, "energy": 35.740576, "activity_lines": [ 11.159333, 11.245818, 11.961143, 12.307398 ] }, { "date": "2025-05-09", "close": 13.29, "volume": 3692957, "typical_volume": 2989463.3, "trend": 12.738, "fair_value": 12.938526, "relative_strength": -12.433561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.884123, "energy": 15.227491, "activity_lines": [ 12.032, 11.564727, 12.051762, 12.343763 ] }, { "date": "2025-05-16", "close": 13.19, "volume": 4577284, "typical_volume": 3174228.55, "trend": 12.74, "fair_value": 12.999359, "relative_strength": -13.252707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.509749, "energy": 20.968121, "activity_lines": [ 12.642667, 11.864364, 12.127381, 12.372925 ] }, { "date": "2025-05-23", "close": 12.87, "volume": 1873705, "typical_volume": 3216712.9, "trend": 12.753333, "fair_value": 13.058718, "relative_strength": -14.502215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 4.947226, "energy": 21.884694, "activity_lines": [ 12.88, 12.089273, 12.168476, 12.381312 ] }, { "date": "2025-05-30", "close": 13.88, "volume": 2752072, "typical_volume": 3235608.2, "trend": 12.807667, "fair_value": 13.123333, "relative_strength": -7.448486, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.954146, "energy": 31.859493, "activity_lines": [ 13.298, 12.476182, 12.302571, 12.454 ] }, { "date": "2025-06-06", "close": 13.76, "volume": 1752986, "typical_volume": 3129130.8, "trend": 12.714, "fair_value": 13.188077, "relative_strength": -8.26685, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.658327, "energy": 39.392933, "activity_lines": [ 13.506667, 12.817091, 12.415857, 12.515441 ] }, { "date": "2025-06-13", "close": 13.1, "volume": 1991232, "typical_volume": 3053049.65, "trend": 12.593667, "fair_value": 13.249551, "relative_strength": -12.038218, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.831382, "energy": 30.159488, "activity_lines": [ 13.407333, 13.010727, 12.463619, 12.540344 ] }, { "date": "2025-06-20", "close": 12.54, "volume": 2956321, "typical_volume": 3117516.15, "trend": 12.599667, "fair_value": 13.306218, "relative_strength": -14.352221, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.805292, "energy": 17.678903, "activity_lines": [ 13.134, 13.043636, 12.46581, 12.536882 ] }, { "date": "2025-06-27", "close": 14.2, "volume": 3916020, "typical_volume": 3200968.9, "trend": 12.657333, "fair_value": 13.373269, "relative_strength": -1.940839, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.529075, "energy": 21.312534, "activity_lines": [ 13.457333, 13.317455, 12.635381, 12.640129 ] }, { "date": "2025-07-04", "close": 14.28, "volume": 1940413, "typical_volume": 3231388.65, "trend": 12.706667, "fair_value": 13.439808, "relative_strength": -1.410724, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.579649, "energy": 36.345815, "activity_lines": [ 13.718667, 13.539091, 12.811714, 12.744817 ] }, { "date": "2025-07-11", "close": 14.57, "volume": 2216369, "typical_volume": 3249382.85, "trend": 12.748333, "fair_value": 13.508077, "relative_strength": 1.884007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.975477, "energy": 47.95988, "activity_lines": [ 14.05, 13.76, 13.010095, 12.865032 ] }, { "date": "2025-07-18", "close": 15.39, "volume": 1704325, "typical_volume": 3171939.45, "trend": 12.856667, "fair_value": 13.579167, "relative_strength": 6.469609, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.156767, "energy": 71.496194, "activity_lines": [ 14.600667, 14.091273, 13.280381, 13.035462 ] }, { "date": "2025-07-25", "close": 16.48, "volume": 3160967, "typical_volume": 3136239.6, "trend": 12.994667, "fair_value": 13.648654, "relative_strength": 16.07018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.445857, "energy": 80.49457, "activity_lines": [ 15.362, 14.582545, 13.64419, 13.269226 ] }, { "date": "2025-08-01", "close": 16.93, "volume": 1695275, "typical_volume": 3054422.65, "trend": 13.152333, "fair_value": 13.722244, "relative_strength": 19.86056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.289221, "energy": 86.10453, "activity_lines": [ 16.010667, 15.095818, 14.030857, 13.523118 ] }, { "date": "2025-08-08", "close": 17.780001, "volume": 3308308, "typical_volume": 3092483.45, "trend": 13.348, "fair_value": 13.800192, "relative_strength": 23.888681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.0039, "energy": 90.221601, "activity_lines": [ 16.760667, 15.689818, 14.473476, 13.821677 ] }, { "date": "2025-08-15", "close": 16.35, "volume": 2941088, "typical_volume": 3086878.45, "trend": 13.453, "fair_value": 13.870385, "relative_strength": 12.413339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.4391, "energy": 80.87203, "activity_lines": [ 16.800667, 15.952909, 14.755, 14.015355 ] }, { "date": "2025-08-22", "close": 17.17, "volume": 1466624, "typical_volume": 2939570.05, "trend": 13.534333, "fair_value": 13.944167, "relative_strength": 17.699184, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.724895, "energy": 74.733801, "activity_lines": [ 16.995334, 16.318, 15.095143, 14.255161 ] }, { "date": "2025-08-29", "close": 19.01, "volume": 3763517, "typical_volume": 2721097.25, "trend": 13.685, "fair_value": 14.027756, "relative_strength": 29.934678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.151487, "energy": 75.450522, "activity_lines": [ 17.684667, 16.943636, 15.575714, 14.60843 ] }, { "date": "2025-09-05", "close": 20.48, "volume": 3623296, "typical_volume": 2687199.6, "trend": 13.900333, "fair_value": 14.117564, "relative_strength": 40.568141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.969023, "energy": 79.832639, "activity_lines": [ 18.695333, 17.718909, 16.149524, 15.046817 ] }, { "date": "2025-09-12", "close": 19.27, "volume": 4263514, "typical_volume": 2825227.6, "trend": 14.105667, "fair_value": 14.195064, "relative_strength": 31.625055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.520354, "energy": 73.589223, "activity_lines": [ 19.066, 18.16, 16.560714, 15.393247 ] }, { "date": "2025-09-19", "close": 19.82, "volume": 3311554, "typical_volume": 2845391.35, "trend": 14.324, "fair_value": 14.277244, "relative_strength": 35.952258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.784153, "energy": 75.066651, "activity_lines": [ 19.520667, 18.610364, 16.986524, 15.761914 ] }, { "date": "2025-09-26", "close": 19.389999, "volume": 1958839, "typical_volume": 2758685.45, "trend": 14.529333, "fair_value": 14.359615, "relative_strength": 32.256584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.363657, "energy": 66.330686, "activity_lines": [ 19.600666, 18.887091, 17.336238, 16.088753 ] }, { "date": "2025-10-03", "close": 21.5, "volume": 2404867, "typical_volume": 2650064.6, "trend": 14.836667, "fair_value": 14.453077, "relative_strength": 42.293916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.337703, "energy": 66.950195, "activity_lines": [ 20.236, 19.474727, 17.857857, 16.538473 ] }, { "date": "2025-10-10", "close": 21.389999, "volume": 1613932, "typical_volume": 2637075.95, "trend": 15.160333, "fair_value": 14.547372, "relative_strength": 40.717987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.907582, "energy": 66.880561, "activity_lines": [ 20.668666, 19.951091, 18.329428, 16.961269 ] }, { "date": "2025-10-17", "close": 20.65, "volume": 2132988, "typical_volume": 2606121.75, "trend": 15.430333, "fair_value": 14.631731, "relative_strength": 34.210259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.258155, "energy": 60.31973, "activity_lines": [ 20.794, 20.211818, 18.689952, 17.315441 ] }, { "date": "2025-10-24", "close": 21.4, "volume": 2031555, "typical_volume": 2620050.2, "trend": 15.735, "fair_value": 14.7225, "relative_strength": 37.399801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.757536, "energy": 61.387599, "activity_lines": [ 21.077333, 20.556727, 19.089667, 17.700581 ] }, { "date": "2025-10-31", "close": 21.76, "volume": 1555392, "typical_volume": 2598258.2, "trend": 16.131667, "fair_value": 14.813782, "relative_strength": 40.396426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.092303, "energy": 60.202873, "activity_lines": [ 21.375333, 20.875273, 19.487286, 18.08929 ] }, { "date": "2025-11-07", "close": 18.58, "volume": 3819675, "typical_volume": 2641425.9, "trend": 16.444667, "fair_value": 14.87859, "relative_strength": 21.250863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.480939, "energy": 37.99825, "activity_lines": [ 20.455333, 20.532182, 19.540809, 18.247247 ] }, { "date": "2025-11-14", "close": 19.0, "volume": 1917593, "typical_volume": 2541504.55, "trend": 16.727, "fair_value": 14.947692, "relative_strength": 25.679223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.960836, "energy": 28.043438, "activity_lines": [ 19.87, 20.273273, 19.605571, 18.412107 ] }, { "date": "2025-11-21", "close": 18.15, "volume": 1656978, "typical_volume": 2527332.8, "trend": 16.954, "fair_value": 15.01141, "relative_strength": 22.24801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.838643, "energy": 20.756509, "activity_lines": [ 19.160667, 19.886727, 19.566524, 18.503914 ] }, { "date": "2025-11-28", "close": 19.639999, "volume": 1653178, "typical_volume": 2499173.25, "trend": 17.194, "fair_value": 15.089679, "relative_strength": 28.129306, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.261401, "energy": 24.990618, "activity_lines": [ 19.114666, 19.791454, 19.650952, 18.677204 ] }, { "date": "2025-12-05", "close": 19.75, "volume": 1166356, "typical_volume": 2472274.8, "trend": 17.409333, "fair_value": 15.170577, "relative_strength": 27.483918, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.070896, "energy": 16.590231, "activity_lines": [ 19.222666, 19.719454, 19.721714, 18.842107 ] }, { "date": "2025-12-12", "close": 19.01, "volume": 1200669, "typical_volume": 2374259.9, "trend": 17.603333, "fair_value": 15.245, "relative_strength": 21.069857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.680162, "energy": 13.580898, "activity_lines": [ 19.218, 19.506363, 19.701238, 18.945376 ] }, { "date": "2025-12-19", "close": 19.59, "volume": 1584745, "typical_volume": 2368733.4, "trend": 17.827333, "fair_value": 15.317564, "relative_strength": 24.841651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.285748, "energy": 12.750546, "activity_lines": [ 19.378, 19.444, 19.723952, 19.073548 ] }, { "date": "2025-12-26", "close": 19.690001, "volume": 461914, "typical_volume": 2226413.7, "trend": 18.021, "fair_value": 15.39282, "relative_strength": 22.480587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.714524, "energy": 16.413444, "activity_lines": [ 19.532, 19.432546, 19.743524, 19.19372 ] }, { "date": "2026-01-02", "close": 18.91, "volume": 847598, "typical_volume": 2121739.2, "trend": 18.192667, "fair_value": 15.457308, "relative_strength": 17.253463, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.803032, "energy": 9.67346, "activity_lines": [ 19.323334, 19.296727, 19.679714, 19.251075 ] }, { "date": "2026-01-09", "close": 19.219999, "volume": 1167211, "typical_volume": 2106768.55, "trend": 18.396667, "fair_value": 15.523782, "relative_strength": 18.36539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.766375, "energy": 10.660093, "activity_lines": [ 19.266667, 19.262545, 19.633238, 19.317355 ] }, { "date": "2026-01-16", "close": 19.139999, "volume": 2086431, "typical_volume": 2022914.25, "trend": 18.616667, "fair_value": 15.59, "relative_strength": 14.744148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.766336, "energy": 6.342437, "activity_lines": [ 19.218666, 19.26, 19.569381, 19.365312 ] }, { "date": "2026-01-23", "close": 17.65, "volume": 1533745, "typical_volume": 1918436.7, "trend": 18.731667, "fair_value": 15.652115, "relative_strength": 6.072987, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.439272, "energy": 26.318068, "activity_lines": [ 18.665333, 18.976363, 19.363, 19.302946 ] }, { "date": "2026-01-30", "close": 16.690001, "volume": 1477277, "typical_volume": 1779124.85, "trend": 18.812, "fair_value": 15.709679, "relative_strength": 0.013808, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.241864, "energy": 52.037627, "activity_lines": [ 17.921333, 18.542727, 19.078667, 19.171226 ] }, { "date": "2026-02-06", "close": 12.52, "volume": 4415746, "typical_volume": 1834334.45, "trend": 18.743667, "fair_value": 15.743333, "relative_strength": -23.429688, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -69.028517, "energy": 82.209575, "activity_lines": [ 15.987333, 17.377455, 18.409476, 18.76529 ] }, { "date": "2026-02-13", "close": 12.75, "volume": 2463286, "typical_volume": 1859556.8, "trend": 18.655667, "fair_value": 15.778397, "relative_strength": -23.768763, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.636631, "energy": 96.264256, "activity_lines": [ 14.556, 16.383455, 17.796952, 18.378602 ] }, { "date": "2026-02-20", "close": 13.07, "volume": 1710827, "typical_volume": 1824854.8, "trend": 18.542, "fair_value": 15.816282, "relative_strength": -23.138649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.100032, "energy": 92.298809, "activity_lines": [ 13.662667, 15.574909, 17.246524, 18.018236 ] }, { "date": "2026-02-27", "close": 13.05, "volume": 2633331, "typical_volume": 1875824.75, "trend": 18.412667, "fair_value": 15.850449, "relative_strength": -24.077974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.64221, "energy": 89.740042, "activity_lines": [ 13.167333, 14.870727, 16.734333, 17.663914 ] }, { "date": "2026-03-06", "close": 12.35, "volume": 3469372, "typical_volume": 1942643.95, "trend": 18.231667, "fair_value": 15.880449, "relative_strength": -25.213514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.422988, "energy": 90.011596, "activity_lines": [ 12.745333, 14.158182, 16.19519, 17.272774 ] }, { "date": "2026-03-13", "close": 11.76, "volume": 3292033, "typical_volume": 2005667.85, "trend": 18.078667, "fair_value": 15.871026, "relative_strength": -26.751615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.877002, "energy": 82.850756, "activity_lines": [ 12.416, 13.471818, 15.639381, 16.855247 ] }, { "date": "2026-03-20", "close": 11.47, "volume": 4384304, "typical_volume": 2147113.45, "trend": 17.888667, "fair_value": 15.860897, "relative_strength": -26.791069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.916447, "energy": 70.398767, "activity_lines": [ 12.040667, 12.862727, 15.101857, 16.428882 ] }, { "date": "2026-03-27", "close": 11.78, "volume": 2626562, "typical_volume": 2087457.8, "trend": 17.647667, "fair_value": 15.849872, "relative_strength": -25.470728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.828431, "energy": 66.925736, "activity_lines": [ 11.854, 12.450909, 14.642857, 16.034774 ] }, { "date": "2026-04-03", "close": 12.03, "volume": 1711843, "typical_volume": 2077170.3, "trend": 17.366, "fair_value": 15.84359, "relative_strength": -24.540622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.755031, "energy": 64.774446, "activity_lines": [ 11.836667, 12.218364, 14.240048, 15.672344 ] }, { "date": "2026-04-10", "close": 12.52, "volume": 1237658, "typical_volume": 2056204.3, "trend": 17.141, "fair_value": 15.84032, "relative_strength": -24.958829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.935073, "energy": 60.229063, "activity_lines": [ 12.050667, 12.177091, 13.917095, 15.359699 ] }, { "date": "2026-04-17", "close": 12.49, "volume": 1438498, "typical_volume": 2045470.3, "trend": 16.896667, "fair_value": 15.829231, "relative_strength": -25.062181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.728726, "energy": 51.082228, "activity_lines": [ 12.243333, 12.206182, 13.618095, 15.059634 ] }, { "date": "2026-04-24", "close": 12.33, "volume": 1249233, "typical_volume": 2049614.15, "trend": 16.661333, "fair_value": 15.817244, "relative_strength": -24.656211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.436765, "energy": 45.307822, "activity_lines": [ 12.334, 12.206727, 13.337905, 14.765011 ] }, { "date": "2026-05-01", "close": 12.47, "volume": 1373972, "typical_volume": 2058279.3, "trend": 16.360333, "fair_value": 15.807436, "relative_strength": -23.241111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.232634, "energy": 39.922304, "activity_lines": [ 12.414, 12.240364, 13.106381, 14.494602 ] }, { "date": "2026-05-08", "close": 12.8, "volume": 1756523, "typical_volume": 2066868.2, "trend": 16.074, "fair_value": 15.799423, "relative_strength": -21.218593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.683422, "energy": 39.954443, "activity_lines": [ 12.558, 12.344909, 12.937429, 14.264903 ] }, { "date": "2026-05-15", "close": 12.79, "volume": 1780777, "typical_volume": 2132811.35, "trend": 15.812, "fair_value": 15.789615, "relative_strength": -20.162263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.623572, "energy": 35.288583, "activity_lines": [ 12.647333, 12.452182, 12.799857, 14.053032 ] }, { "date": "2026-05-22", "close": 13.67, "volume": 1478709, "typical_volume": 2164366.9, "trend": 15.554333, "fair_value": 15.789679, "relative_strength": -14.96241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.606949, "energy": 22.714801, "activity_lines": [ 13.012, 12.711455, 12.778952, 13.914839 ] }, { "date": "2026-05-29", "close": 14.54, "volume": 344318, "typical_volume": 2123222.25, "trend": 15.313667, "fair_value": 15.796154, "relative_strength": -10.342375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.810962, "energy": 15.840067, "activity_lines": [ 13.588, 13.094182, 12.865857, 13.849398 ] }, { "date": "2026-06-05", "close": 13.65, "volume": 1472002, "typical_volume": 2092500.8, "trend": 15.149333, "fair_value": 15.801026, "relative_strength": -14.760733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.073809, "energy": 19.965392, "activity_lines": [ 13.72, 13.259273, 12.890286, 13.742065 ] }, { "date": "2026-06-12", "close": 13.39, "volume": 299902, "typical_volume": 2030808.65, "trend": 14.962333, "fair_value": 15.806474, "relative_strength": -18.073484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.191781, "energy": 20.233795, "activity_lines": [ 13.686667, 13.343091, 12.916095, 13.628559 ] }, { "date": "2026-06-19", "close": 12.74, "volume": 1283208, "typical_volume": 2021105.2, "trend": 14.782, "fair_value": 15.811154, "relative_strength": -22.243352, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.915457, "energy": 15.659434, "activity_lines": [ 13.397333, 13.284, 12.900286, 13.485183 ] }, { "date": "2026-06-26", "close": 12.2, "volume": 931346, "typical_volume": 1846885.2, "trend": 14.534, "fair_value": 15.810833, "relative_strength": -24.776199, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.873106, "energy": 29.334193, "activity_lines": [ 12.931333, 13.122727, 12.851857, 13.318602 ] }, { "date": "2026-07-03", "close": 16.74, "volume": 524705, "typical_volume": 1749956.15, "trend": 14.433667, "fair_value": 15.842628, "relative_strength": 2.03407, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 19.950918, "energy": 18.220842, "activity_lines": [ 14.076667, 13.792182, 13.237333, 13.460925 ] }, { "date": "2026-07-10", "close": 16.52, "volume": 2588971, "typical_volume": 1793863.35, "trend": 14.350667, "fair_value": 15.86141, "relative_strength": 0.946062, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.625617, "energy": 51.877747, "activity_lines": [ 15.002, 14.341455, 13.582857, 13.595527 ] }, { "date": "2026-07-17", "close": 16.969999, "volume": 1714290, "typical_volume": 1747911.3, "trend": 14.263333, "fair_value": 15.879167, "relative_strength": 3.621292, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.231385, "energy": 72.034301, "activity_lines": [ 15.886, 14.898909, 13.954809, 13.764516 ] }, { "date": "2026-07-24", "close": 16.459999, "volume": 1950744, "typical_volume": 1671979.9, "trend": 14.155667, "fair_value": 15.901603, "relative_strength": 0.812887, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.420226, "energy": 71.574181, "activity_lines": [ 16.361333, 15.287818, 14.259524, 13.906236 ] }, { "date": "2026-07-31", "close": 18.0, "volume": 2211945, "typical_volume": 1617975.5, "trend": 14.125333, "fair_value": 15.937244, "relative_strength": 7.677121, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.495338, "energy": 88.447224, "activity_lines": [ 17.102, 15.89, 14.691333, 14.154258 ] }, { "date": "2026-08-07", "close": 22.719999, "volume": 4632581, "typical_volume": 1630389.35, "trend": 14.242, "fair_value": 16.005513, "relative_strength": 31.11726, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.961257, "energy": 97.273579, "activity_lines": [ 19.029333, 17.271636, 15.542952, 14.708753 ] } ], "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." } } }