{ "ticker": { "uuid": "1dfb203d-1c5c-49af-9cc5-810631550a3d", "symbol": "TAP", "name": "Molson Coors Brewing Co Class B", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 62.508, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -4.019, "architecture_energy": 9.931, "architecture_maturity": 24.368, "architecture_confidence": 62.099, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 63.7, "rotation_up": 31.88, "upward_expansion": 29.32, "deceleration": 49.55, "rotation_down": 21.92, "downward_expansion": 44.66 }, "activity_lines": [ 41.798, 41.129273, 41.065652, 41.852518 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 43.37, "trend_reference": 43.404565, "distance_from_trend": -0.000796, "trend_direction": "Weakening", "fair_value": 50.689523, "distance_from_fair_value": -0.144399, "fair_value_direction": "Improving", "relative_strength": -13.394454, "relative_strength_direction": "Improving", "price_momentum": -0.143192, "excess_performance": -0.268817, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.000796, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.035753, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.144399, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.053519, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.133945, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.067633, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.143192, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.247347, "read": "Demand-led" } ], "volume": { "latest": 16931835, "relative_activity": 1.102131, "balance": 1.247347, "dry_up": 1.014301, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.066413, "annualized_volatility": 0.287029, "from_high_reference": -0.191018, "from_low_reference": 0.140116 }, "levels": { "trend_reference": 43.404565, "fair_value_reference": 50.689523, "structural_low": 38.04, "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": 17, "median_return": 0.026636, "positive_rate": 0.647059, "directional_follow_through": 0.647059, "median_excess_return": 0.010371, "regime_survival": 0.529412, "best_return": 0.150296, "worst_return": -0.07176, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.082285, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.024281, "regime_survival": 0.222222, "best_return": 0.282374, "worst_return": -0.122775, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.049203, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.009661, "regime_survival": 0.142857, "best_return": 0.217475, "worst_return": -0.156718, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.059021, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.167348, "regime_survival": 0.5, "best_return": 0.220963, "worst_return": -0.192908, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.077737, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-07", "tenure": "Developing", "return": 0.188643, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-05-02", "tenure": "Developing", "return": -0.034552, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": -0.011349, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-07-25", "tenure": "Developing", "return": -0.036151, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.051442, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-12-12", "tenure": "Established", "return": -0.055925, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.026636, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.078419, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.054954, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.050676, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": -0.02212, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-07-31", "tenure": "Established", "return": -0.001788, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 56.895876, "volume": 7101471, "typical_volume": 10710837.25, "trend": 53.709274, "fair_value": 44.83247, "relative_strength": 5.21005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.710346, "energy": 26.454553, "activity_lines": [ 58.91547, 59.749984, 58.982031, 56.77717 ] }, { "date": "2023-08-25", "close": 56.733394, "volume": 5692047, "typical_volume": 10713918.25, "trend": 54.078603, "fair_value": 44.989157, "relative_strength": 3.91411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.667341, "energy": 28.882581, "activity_lines": [ 57.783511, 59.158154, 58.925447, 56.972274 ] }, { "date": "2023-09-01", "close": 57.154272, "volume": 7104868, "typical_volume": 10496816.1, "trend": 54.39314, "fair_value": 45.146193, "relative_strength": 1.95122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.677998, "energy": 25.087941, "activity_lines": [ 57.219112, 58.699143, 58.861488, 57.170705 ] }, { "date": "2023-09-08", "close": 57.817483, "volume": 6086743, "typical_volume": 10274365.75, "trend": 54.794453, "fair_value": 45.325125, "relative_strength": 4.212848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.689598, "energy": 22.258547, "activity_lines": [ 57.3111, 58.407716, 58.827927, 57.39163 ] }, { "date": "2023-09-15", "close": 57.772058, "volume": 7699014, "typical_volume": 10235878.05, "trend": 55.177046, "fair_value": 45.508027, "relative_strength": 4.058038, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.029314, "energy": 16.894431, "activity_lines": [ 57.463713, 58.137392, 58.763767, 57.583733 ] }, { "date": "2023-09-22", "close": 57.599441, "volume": 6002770, "typical_volume": 9535286.2, "trend": 55.501675, "fair_value": 45.698891, "relative_strength": 6.582563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.737476, "energy": 11.3348, "activity_lines": [ 57.571988, 57.867184, 58.662064, 57.740017 ] }, { "date": "2023-09-29", "close": 57.772058, "volume": 6243476, "typical_volume": 9332490.65, "trend": 55.829348, "fair_value": 45.883268, "relative_strength": 7.398534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.849633, "energy": 10.873762, "activity_lines": [ 57.690898, 57.685322, 58.579624, 57.886493 ] }, { "date": "2023-10-06", "close": 53.783705, "volume": 11262404, "typical_volume": 9229891.5, "trend": 56.058452, "fair_value": 46.03077, "relative_strength": -0.629608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.838506, "energy": 19.667743, "activity_lines": [ 56.411112, 56.875947, 58.116607, 57.754516 ] }, { "date": "2023-10-13", "close": 53.284025, "volume": 8159587, "typical_volume": 9146933.55, "trend": 56.342643, "fair_value": 46.178949, "relative_strength": -2.014446, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.146697, "energy": 47.397293, "activity_lines": [ 55.189471, 56.155727, 57.617257, 57.575521 ] }, { "date": "2023-10-20", "close": 53.302196, "volume": 6633374, "typical_volume": 8892891.95, "trend": 56.603824, "fair_value": 46.325713, "relative_strength": 0.286353, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.040016, "energy": 63.256145, "activity_lines": [ 54.276117, 55.541901, 57.124861, 57.379363 ] }, { "date": "2023-10-27", "close": 51.557859, "volume": 6403206, "typical_volume": 8530682.35, "trend": 56.777565, "fair_value": 46.463591, "relative_strength": -0.628165, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.456629, "energy": 73.837124, "activity_lines": [ 53.079308, 54.695794, 56.48706, 57.053817 ] }, { "date": "2023-11-03", "close": 53.629259, "volume": 12555422, "typical_volume": 8558555.95, "trend": 57.006304, "fair_value": 46.598031, "relative_strength": -2.363257, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.173972, "energy": 77.679642, "activity_lines": [ 52.975738, 54.323359, 56.086699, 56.850701 ] }, { "date": "2023-11-10", "close": 53.574748, "volume": 7630870, "typical_volume": 8625422.75, "trend": 57.116346, "fair_value": 46.700327, "relative_strength": -3.841158, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.777555, "energy": 70.927773, "activity_lines": [ 53.130185, 53.997452, 55.710672, 56.62931 ] }, { "date": "2023-11-17", "close": 53.947237, "volume": 6890224, "typical_volume": 8457222.55, "trend": 57.171246, "fair_value": 46.808179, "relative_strength": -5.335851, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.651357, "energy": 51.925093, "activity_lines": [ 53.422725, 53.804353, 55.399474, 56.424851 ] }, { "date": "2023-11-24", "close": 54.501427, "volume": 3863915, "typical_volume": 8251064.0, "trend": 57.209943, "fair_value": 46.901884, "relative_strength": -5.248261, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.45953, "energy": 32.828957, "activity_lines": [ 53.85578, 53.782384, 55.167177, 56.252605 ] }, { "date": "2023-12-01", "close": 56.638783, "volume": 8109110, "typical_volume": 8060434.15, "trend": 57.158167, "fair_value": 47.005247, "relative_strength": -2.345996, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.977294, "energy": 19.087703, "activity_lines": [ 54.921339, 54.208491, 55.162262, 56.215756 ] }, { "date": "2023-12-08", "close": 56.986316, "volume": 7310565, "typical_volume": 7985298.95, "trend": 57.137106, "fair_value": 47.112149, "relative_strength": -2.029858, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.171304, "energy": 19.118868, "activity_lines": [ 55.764014, 54.715252, 55.209938, 56.204669 ] }, { "date": "2023-12-15", "close": 56.51989, "volume": 11819087, "typical_volume": 8084147.05, "trend": 57.149522, "fair_value": 47.22584, "relative_strength": -5.104052, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.774965, "energy": 20.317478, "activity_lines": [ 56.22741, 55.151494, 55.242508, 56.164848 ] }, { "date": "2023-12-22", "close": 56.117483, "volume": 6154528, "typical_volume": 7504689.3, "trend": 57.207413, "fair_value": 47.33717, "relative_strength": -6.581549, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.447034, "energy": 18.435217, "activity_lines": [ 56.360328, 55.464823, 55.270868, 56.098265 ] }, { "date": "2023-12-29", "close": 55.980298, "volume": 3320827, "typical_volume": 7302175.4, "trend": 57.151618, "fair_value": 47.449151, "relative_strength": -7.079751, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.018669, "energy": 15.278637, "activity_lines": [ 56.302834, 55.701692, 55.29967, 56.019096 ] }, { "date": "2024-01-05", "close": 56.254667, "volume": 5484292, "typical_volume": 7221316.45, "trend": 57.027038, "fair_value": 47.539344, "relative_strength": -5.174948, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.64639, "energy": 12.082968, "activity_lines": [ 56.238205, 55.939753, 55.364077, 55.961229 ] }, { "date": "2024-01-12", "close": 57.800275, "volume": 7289356, "typical_volume": 7301181.9, "trend": 56.959395, "fair_value": 47.622839, "relative_strength": -4.449422, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.371074, "energy": 22.175768, "activity_lines": [ 56.714386, 56.373438, 55.578738, 56.011115 ] }, { "date": "2024-01-19", "close": 57.150937, "volume": 4428369, "typical_volume": 7167356.95, "trend": 56.873115, "fair_value": 47.713206, "relative_strength": -6.710977, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.814445, "energy": 27.741084, "activity_lines": [ 56.919858, 56.613224, 55.726478, 56.023472 ] }, { "date": "2024-01-26", "close": 57.379577, "volume": 6542039, "typical_volume": 7190121.75, "trend": 56.804688, "fair_value": 47.807005, "relative_strength": -7.343351, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.208757, "energy": 31.98014, "activity_lines": [ 57.159473, 56.82956, 55.896008, 56.056147 ] }, { "date": "2024-02-02", "close": 56.766821, "volume": 6288817, "typical_volume": 7119611.9, "trend": 56.713428, "fair_value": 47.903323, "relative_strength": -9.58327, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.762626, "energy": 29.558371, "activity_lines": [ 57.110696, 56.872079, 56.009266, 56.053704 ] }, { "date": "2024-02-09", "close": 55.084028, "volume": 12400504, "typical_volume": 7439498.6, "trend": 56.525153, "fair_value": 48.016004, "relative_strength": -13.410198, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -1.174366, "energy": 4.387709, "activity_lines": [ 56.448554, 56.567447, 55.967045, 55.948582 ] }, { "date": "2024-02-16", "close": 56.839986, "volume": 13755373, "typical_volume": 7815093.45, "trend": 56.315072, "fair_value": 48.137811, "relative_strength": -10.325578, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.035079, "energy": 7.367383, "activity_lines": [ 56.449773, 56.610348, 56.104036, 55.968893 ] }, { "date": "2024-02-23", "close": 57.150937, "volume": 6372495, "typical_volume": 7570598.0, "trend": 56.097303, "fair_value": 48.261337, "relative_strength": -11.180326, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.406204, "energy": 9.011772, "activity_lines": [ 56.618662, 56.712446, 56.27508, 56.02282 ] }, { "date": "2024-03-01", "close": 57.222232, "volume": 6920112, "typical_volume": 7508624.25, "trend": 56.039578, "fair_value": 48.37598, "relative_strength": -11.818079, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.59189, "energy": 18.453525, "activity_lines": [ 56.811316, 56.816034, 56.43688, 56.095396 ] }, { "date": "2024-03-08", "close": 59.460282, "volume": 7761354, "typical_volume": 7565023.25, "trend": 56.089252, "fair_value": 48.502401, "relative_strength": -8.065889, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.996628, "energy": 57.737246, "activity_lines": [ 57.760477, 57.306453, 56.793073, 56.316087 ] }, { "date": "2024-03-15", "close": 62.140415, "volume": 11973512, "typical_volume": 7843538.55, "trend": 56.26407, "fair_value": 48.631963, "relative_strength": -3.945916, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.591433, "energy": 81.61363, "activity_lines": [ 59.423451, 58.220897, 57.375194, 56.706485 ] }, { "date": "2024-03-22", "close": 61.854903, "volume": 7059027, "typical_volume": 7568718.8, "trend": 56.434787, "fair_value": 48.74784, "relative_strength": -6.5048, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.487077, "energy": 86.568044, "activity_lines": [ 60.520828, 58.976416, 57.879729, 57.067183 ] }, { "date": "2024-03-29", "close": 61.937794, "volume": 5416158, "typical_volume": 7457983.2, "trend": 56.594237, "fair_value": 48.861353, "relative_strength": -6.762653, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.683909, "energy": 86.851323, "activity_lines": [ 61.311508, 59.673285, 58.352989, 57.422216 ] }, { "date": "2024-04-05", "close": 62.029894, "volume": 7146061, "typical_volume": 7470775.05, "trend": 56.734651, "fair_value": 48.985836, "relative_strength": -5.840937, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.92436, "energy": 85.548331, "activity_lines": [ 61.813764, 60.299866, 58.795197, 57.772904 ] }, { "date": "2024-04-12", "close": 61.099676, "volume": 8416534, "typical_volume": 7698406.0, "trend": 56.845572, "fair_value": 49.0854, "relative_strength": -5.818944, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.57327, "energy": 73.178789, "activity_lines": [ 61.685437, 60.672766, 59.110323, 58.054518 ] }, { "date": "2024-04-19", "close": 59.156349, "volume": 8795724, "typical_volume": 7732736.7, "trend": 56.897469, "fair_value": 49.179063, "relative_strength": -5.792981, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.545792, "energy": 45.088126, "activity_lines": [ 60.800041, 60.613554, 59.208951, 58.203601 ] }, { "date": "2024-04-26", "close": 57.599846, "volume": 9334459, "typical_volume": 7833931.4, "trend": 56.891728, "fair_value": 49.248107, "relative_strength": -10.407914, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.847322, "energy": 20.28047, "activity_lines": [ 59.594749, 60.197299, 59.147352, 58.248915 ] }, { "date": "2024-05-03", "close": 53.280318, "volume": 16216230, "typical_volume": 8053788.55, "trend": 56.874949, "fair_value": 49.264551, "relative_strength": -17.12795, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.932376, "energy": 23.021861, "activity_lines": [ 57.233284, 58.98186, 58.671447, 58.015921 ] }, { "date": "2024-05-10", "close": 54.385527, "volume": 10086728, "typical_volume": 8250398.55, "trend": 56.911665, "fair_value": 49.295345, "relative_strength": -16.479562, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.515185, "energy": 40.266717, "activity_lines": [ 55.817388, 58.037743, 58.316227, 57.855313 ] }, { "date": "2024-05-17", "close": 52.009326, "volume": 9838971, "typical_volume": 8576305.75, "trend": 56.86857, "fair_value": 49.316534, "relative_strength": -20.967514, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.989444, "energy": 59.522447, "activity_lines": [ 54.119049, 56.713166, 57.74295, 57.539033 ] }, { "date": "2024-05-24", "close": 49.273932, "volume": 7545184, "typical_volume": 8679350.35, "trend": 56.792439, "fair_value": 49.313797, "relative_strength": -24.676527, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.93363, "energy": 80.730923, "activity_lines": [ 52.114935, 55.026716, 56.928068, 57.049057 ] }, { "date": "2024-05-31", "close": 50.480453, "volume": 11664006, "typical_volume": 8898082.85, "trend": 56.687479, "fair_value": 49.309016, "relative_strength": -22.032056, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.541283, "energy": 86.791107, "activity_lines": [ 51.171823, 53.79357, 56.261335, 56.641832 ] }, { "date": "2024-06-07", "close": 48.242403, "volume": 14681049, "typical_volume": 9410716.85, "trend": 56.509734, "fair_value": 49.290707, "relative_strength": -25.819842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.080547, "energy": 92.457636, "activity_lines": [ 49.95732, 52.360314, 55.41631, 56.096988 ] }, { "date": "2024-06-14", "close": 46.003971, "volume": 13857844, "typical_volume": 9776507.1, "trend": 56.244958, "fair_value": 49.289352, "relative_strength": -29.81896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.226819, "energy": 94.204821, "activity_lines": [ 48.332534, 50.769077, 54.400523, 55.419197 ] }, { "date": "2024-06-21", "close": 47.322881, "volume": 12512924, "typical_volume": 10087712.45, "trend": 56.005673, "fair_value": 49.291808, "relative_strength": -27.660261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.36518, "energy": 87.002373, "activity_lines": [ 47.706156, 49.709023, 53.564516, 54.843579 ] }, { "date": "2024-06-28", "close": 47.211424, "volume": 10883052, "typical_volume": 10011839.85, "trend": 55.691428, "fair_value": 49.300487, "relative_strength": -27.218893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.078882, "energy": 82.996188, "activity_lines": [ 47.355054, 48.879191, 52.762866, 54.276208 ] }, { "date": "2024-07-05", "close": 46.421935, "volume": 6924523, "typical_volume": 9670297.35, "trend": 55.339282, "fair_value": 49.307547, "relative_strength": -29.164486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.414597, "energy": 74.72171, "activity_lines": [ 46.878291, 48.122996, 51.923514, 53.678176 ] }, { "date": "2024-07-12", "close": 47.592236, "volume": 9110689, "typical_volume": 9807207.05, "trend": 55.041694, "fair_value": 49.336804, "relative_strength": -27.457506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.865159, "energy": 62.626101, "activity_lines": [ 47.062195, 47.782817, 51.245229, 53.178367 ] }, { "date": "2024-07-19", "close": 48.669656, "volume": 9434972, "typical_volume": 9932950.05, "trend": 54.793433, "fair_value": 49.377284, "relative_strength": -23.665343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.618691, "energy": 55.028436, "activity_lines": [ 47.648584, 47.741953, 50.715074, 52.767268 ] }, { "date": "2024-07-26", "close": 50.46226, "volume": 8329076, "typical_volume": 9961336.15, "trend": 54.609498, "fair_value": 49.433679, "relative_strength": -19.544199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.267873, "energy": 40.983524, "activity_lines": [ 48.654795, 48.130942, 50.396369, 52.487837 ] }, { "date": "2024-08-02", "close": 49.124773, "volume": 8990370, "typical_volume": 9812179.05, "trend": 54.371835, "fair_value": 49.480354, "relative_strength": -19.420772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.633177, "energy": 33.434889, "activity_lines": [ 49.005885, 48.30488, 49.993132, 52.133984 ] }, { "date": "2024-08-09", "close": 49.208366, "volume": 15153561, "typical_volume": 10216905.75, "trend": 54.085438, "fair_value": 49.519698, "relative_strength": -18.756686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.888538, "energy": 25.555202, "activity_lines": [ 49.257283, 48.496728, 49.659836, 51.800857 ] }, { "date": "2024-08-16", "close": 49.812093, "volume": 7796944, "typical_volume": 10335945.05, "trend": 53.84081, "fair_value": 49.577935, "relative_strength": -20.352723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.701733, "energy": 23.16963, "activity_lines": [ 49.524162, 48.821474, 49.444259, 51.525157 ] }, { "date": "2024-08-23", "close": 49.997855, "volume": 6105150, "typical_volume": 10283899.5, "trend": 53.594752, "fair_value": 49.637035, "relative_strength": -20.601904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.639074, "energy": 20.640726, "activity_lines": [ 49.70497, 49.151455, 49.304115, 51.277225 ] }, { "date": "2024-08-30", "close": 50.536565, "volume": 6705560, "typical_volume": 10198350.8, "trend": 53.387077, "fair_value": 49.702504, "relative_strength": -19.430423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.769082, "energy": 15.650389, "activity_lines": [ 49.976802, 49.506768, 49.272572, 51.079922 ] }, { "date": "2024-09-06", "close": 52.222053, "volume": 15499862, "typical_volume": 10533557.7, "trend": 53.291678, "fair_value": 49.786535, "relative_strength": -12.622339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.080307, "energy": 12.397124, "activity_lines": [ 50.805509, 50.110101, 49.451852, 51.00476 ] }, { "date": "2024-09-13", "close": 51.444856, "volume": 7356469, "typical_volume": 10434658.2, "trend": 53.11184, "fair_value": 49.864319, "relative_strength": -16.657167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.290176, "energy": 15.671759, "activity_lines": [ 51.168666, 50.481025, 49.590135, 50.88561 ] }, { "date": "2024-09-20", "close": 51.023484, "volume": 13498620, "typical_volume": 10298777.7, "trend": 52.907592, "fair_value": 49.935495, "relative_strength": -17.840369, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.881957, "energy": 16.481864, "activity_lines": [ 51.242266, 50.684009, 49.717595, 50.750877 ] }, { "date": "2024-09-27", "close": 53.214619, "volume": 8877055, "typical_volume": 10238294.05, "trend": 52.774005, "fair_value": 50.017306, "relative_strength": -14.13225, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.706236, "energy": 22.145156, "activity_lines": [ 51.965485, 51.222995, 50.064483, 50.770685 ] }, { "date": "2024-10-04", "close": 52.502968, "volume": 8176817, "typical_volume": 10155186.35, "trend": 52.542094, "fair_value": 50.096536, "relative_strength": -14.971901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.720865, "energy": 20.702668, "activity_lines": [ 52.237036, 51.549954, 50.34917, 50.753199 ] }, { "date": "2024-10-11", "close": 50.986028, "volume": 6164531, "typical_volume": 10086153.7, "trend": 52.170281, "fair_value": 50.172369, "relative_strength": -17.823501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.201274, "energy": 12.298184, "activity_lines": [ 51.871846, 51.564002, 50.487035, 50.652808 ] }, { "date": "2024-10-18", "close": 52.437421, "volume": 7481282, "typical_volume": 9877017.5, "trend": 51.856365, "fair_value": 50.263998, "relative_strength": -15.623943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.42764, "energy": 23.382332, "activity_lines": [ 52.072856, 51.808099, 50.754976, 50.670042 ] }, { "date": "2024-10-25", "close": 52.222053, "volume": 6627667, "typical_volume": 9474348.4, "trend": 51.532507, "fair_value": 50.356173, "relative_strength": -14.592546, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.66821, "energy": 19.585592, "activity_lines": [ 52.135906, 51.954328, 50.993086, 50.693635 ] }, { "date": "2024-11-01", "close": 51.501039, "volume": 6650328, "typical_volume": 9113972.6, "trend": 51.181546, "fair_value": 50.42986, "relative_strength": -14.046085, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.286644, "energy": 11.564522, "activity_lines": [ 51.878713, 51.925646, 51.143578, 50.691605 ] }, { "date": "2024-11-08", "close": 55.770943, "volume": 12854988, "typical_volume": 9131075.8, "trend": 51.003921, "fair_value": 50.525472, "relative_strength": -10.652955, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.175842, "energy": 45.585522, "activity_lines": [ 53.15906, 52.645979, 51.674551, 50.987695 ] }, { "date": "2024-11-15", "close": 58.448997, "volume": 11873707, "typical_volume": 9180608.55, "trend": 50.980343, "fair_value": 50.647549, "relative_strength": -3.993378, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 83.103899, "energy": 75.706843, "activity_lines": [ 55.114227, 53.758061, 52.420348, 51.468023 ] }, { "date": "2024-11-22", "close": 56.520049, "volume": 7583770, "typical_volume": 9213570.9, "trend": 50.944349, "fair_value": 50.758967, "relative_strength": -8.234828, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.174939, "energy": 73.473052, "activity_lines": [ 55.92888, 54.406208, 52.928923, 51.825423 ] }, { "date": "2024-11-29", "close": 58.111899, "volume": 7407906, "typical_volume": 9128431.75, "trend": 51.105402, "fair_value": 50.877877, "relative_strength": -6.254179, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.077919, "energy": 80.844723, "activity_lines": [ 57.001974, 55.251506, 53.541017, 52.287846 ] }, { "date": "2024-12-06", "close": 57.653072, "volume": 9501314, "typical_volume": 9131748.85, "trend": 51.21432, "fair_value": 50.991186, "relative_strength": -7.267849, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.266424, "energy": 77.348623, "activity_lines": [ 57.529469, 55.884501, 54.059319, 52.710276 ] }, { "date": "2024-12-13", "close": 57.596484, "volume": 8105298, "typical_volume": 9120559.95, "trend": 51.400559, "fair_value": 51.112391, "relative_strength": -6.344854, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.241096, "energy": 66.917438, "activity_lines": [ 57.627967, 56.426507, 54.529453, 53.122028 ] }, { "date": "2024-12-20", "close": 55.964883, "volume": 11551893, "typical_volume": 9248636.1, "trend": 51.623591, "fair_value": 51.218426, "relative_strength": -6.851455, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.502513, "energy": 47.824566, "activity_lines": [ 57.060894, 56.57925, 54.810225, 53.416501 ] }, { "date": "2024-12-27", "close": 54.531337, "volume": 4368999, "typical_volume": 8709408.0, "trend": 51.75862, "fair_value": 51.311058, "relative_strength": -9.352221, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.0795, "energy": 32.490293, "activity_lines": [ 56.181581, 56.380823, 54.921897, 53.604097 ] }, { "date": "2025-01-03", "close": 52.126375, "volume": 6455482, "typical_volume": 8642334.9, "trend": 51.888086, "fair_value": 51.364493, "relative_strength": -12.340092, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.182854, "energy": 17.357708, "activity_lines": [ 54.633194, 55.70706, 54.779177, 53.627824 ] }, { "date": "2025-01-10", "close": 49.457338, "volume": 7402933, "typical_volume": 8707224.05, "trend": 52.003198, "fair_value": 51.394999, "relative_strength": -14.571502, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.388039, "energy": 22.231317, "activity_lines": [ 52.594163, 54.549756, 54.371242, 53.471001 ] }, { "date": "2025-01-17", "close": 52.08865, "volume": 8729016, "typical_volume": 8808396.85, "trend": 52.162057, "fair_value": 51.45939, "relative_strength": -12.042931, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.873473, "energy": 28.895744, "activity_lines": [ 51.978619, 53.908031, 54.216483, 53.476514 ] }, { "date": "2025-01-24", "close": 52.022631, "volume": 6210517, "typical_volume": 8343929.6, "trend": 52.322431, "fair_value": 51.525631, "relative_strength": -13.087892, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.49829, "energy": 29.797009, "activity_lines": [ 51.708257, 53.321253, 54.048045, 53.467519 ] }, { "date": "2025-01-31", "close": 51.635951, "volume": 7284415, "typical_volume": 8340326.9, "trend": 52.496231, "fair_value": 51.592164, "relative_strength": -12.329995, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.319208, "energy": 27.316412, "activity_lines": [ 51.571819, 52.781013, 53.84373, 53.42323 ] }, { "date": "2025-02-07", "close": 51.173821, "volume": 7594119, "typical_volume": 8045101.85, "trend": 52.615617, "fair_value": 51.644205, "relative_strength": -12.513521, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.921345, "energy": 30.005869, "activity_lines": [ 51.474363, 52.245551, 53.594493, 53.337913 ] }, { "date": "2025-02-14", "close": 56.926868, "volume": 17651544, "typical_volume": 8483826.3, "trend": 52.890858, "fair_value": 51.737504, "relative_strength": -3.687323, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 24.549107, "energy": 12.05715, "activity_lines": [ 53.358093, 52.882244, 53.892449, 53.616058 ] }, { "date": "2025-02-21", "close": 56.898574, "volume": 9453038, "typical_volume": 8547637.35, "trend": 53.105401, "fair_value": 51.808892, "relative_strength": -1.796326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.077096, "energy": 30.825993, "activity_lines": [ 54.734423, 53.526997, 54.170033, 53.874621 ] }, { "date": "2025-02-28", "close": 58.245438, "volume": 13988858, "typical_volume": 8938853.7, "trend": 53.409424, "fair_value": 51.898171, "relative_strength": 1.806498, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.546695, "energy": 43.469876, "activity_lines": [ 56.239046, 54.429324, 54.554959, 54.206236 ] }, { "date": "2025-03-07", "close": 58.787124, "volume": 11233381, "typical_volume": 9126458.65, "trend": 53.728716, "fair_value": 51.991202, "relative_strength": 6.342743, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.32761, "energy": 64.15919, "activity_lines": [ 57.509377, 55.388674, 54.956905, 54.553184 ] }, { "date": "2025-03-14", "close": 56.658395, "volume": 11824673, "typical_volume": 9386308.95, "trend": 53.956926, "fair_value": 52.058635, "relative_strength": 5.35203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.31102, "energy": 62.337541, "activity_lines": [ 57.593387, 55.883604, 55.125878, 54.742196 ] }, { "date": "2025-03-21", "close": 55.964657, "volume": 17931143, "typical_volume": 9950349.7, "trend": 54.155819, "fair_value": 52.116038, "relative_strength": 3.971992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.268291, "energy": 50.755353, "activity_lines": [ 57.080512, 56.17, 55.207656, 54.871727 ] }, { "date": "2025-03-28", "close": 57.523191, "volume": 8337311, "typical_volume": 9724465.85, "trend": 54.388707, "fair_value": 52.192031, "relative_strength": 8.827069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.091557, "energy": 36.062167, "activity_lines": [ 57.151297, 56.621451, 55.41661, 55.088977 ] }, { "date": "2025-04-04", "close": 58.112393, "volume": 13594867, "typical_volume": 9810523.85, "trend": 54.585051, "fair_value": 52.276603, "relative_strength": 21.054446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.356983, "energy": 32.845052, "activity_lines": [ 57.376841, 57.08122, 55.673334, 55.329215 ] }, { "date": "2025-04-11", "close": 57.675243, "volume": 14477848, "typical_volume": 10155227.75, "trend": 54.792731, "fair_value": 52.335756, "relative_strength": 13.997291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.251517, "energy": 30.771165, "activity_lines": [ 57.465538, 57.350784, 55.890028, 55.528582 ] }, { "date": "2025-04-18", "close": 55.831612, "volume": 8561840, "typical_volume": 10212924.45, "trend": 54.953002, "fair_value": 52.393366, "relative_strength": 12.271896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.530636, "energy": 24.055691, "activity_lines": [ 57.013817, 57.175337, 55.925637, 55.595606 ] }, { "date": "2025-04-25", "close": 53.978478, "volume": 9251391, "typical_volume": 10200428.3, "trend": 54.978464, "fair_value": 52.437031, "relative_strength": 4.123837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.72216, "energy": 11.248653, "activity_lines": [ 55.999503, 56.578269, 55.795616, 55.532734 ] }, { "date": "2025-05-02", "close": 54.700725, "volume": 9241516, "typical_volume": 10257239.2, "trend": 55.051722, "fair_value": 52.490911, "relative_strength": 2.705026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.28136, "energy": 15.713776, "activity_lines": [ 55.35835, 56.166127, 55.751878, 55.514815 ] }, { "date": "2025-05-09", "close": 51.916272, "volume": 17428713, "typical_volume": 10551080.2, "trend": 55.08273, "fair_value": 52.51136, "relative_strength": -1.828779, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.898176, "energy": 24.0757, "activity_lines": [ 53.977211, 55.28768, 55.456743, 55.312528 ] }, { "date": "2025-05-16", "close": 54.025994, "volume": 16713053, "typical_volume": 11168282.9, "trend": 55.135683, "fair_value": 52.571581, "relative_strength": -2.802521, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.551248, "energy": 24.422904, "activity_lines": [ 53.712387, 54.907896, 55.381814, 55.244352 ] }, { "date": "2025-05-23", "close": 51.32707, "volume": 14055248, "typical_volume": 11548271.2, "trend": 55.10585, "fair_value": 52.592609, "relative_strength": -5.142384, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.65967, "energy": 52.495537, "activity_lines": [ 52.791205, 54.123964, 55.05225, 54.998635 ] }, { "date": "2025-05-30", "close": 50.927933, "volume": 11626300, "typical_volume": 11759439.55, "trend": 55.086747, "fair_value": 52.617853, "relative_strength": -7.32082, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.289533, "energy": 63.141865, "activity_lines": [ 52.03728, 53.364395, 54.68848, 54.729092 ] }, { "date": "2025-06-06", "close": 49.863569, "volume": 11282156, "typical_volume": 11887096.55, "trend": 54.889834, "fair_value": 52.643134, "relative_strength": -10.582067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.4248, "energy": 66.951602, "activity_lines": [ 51.131936, 52.502882, 54.216339, 54.392112 ] }, { "date": "2025-06-13", "close": 48.511499, "volume": 9820616, "typical_volume": 12067601.5, "trend": 54.558584, "fair_value": 52.670828, "relative_strength": -12.61226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.711836, "energy": 77.078446, "activity_lines": [ 50.09838, 51.534803, 53.626025, 53.980607 ] }, { "date": "2025-06-20", "close": 46.075856, "volume": 13476651, "typical_volume": 12377213.3, "trend": 54.210444, "fair_value": 52.65254, "relative_strength": -16.686618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.166795, "energy": 84.564715, "activity_lines": [ 48.479928, 50.298443, 52.820465, 53.433334 ] }, { "date": "2025-06-27", "close": 45.490918, "volume": 14456572, "typical_volume": 12720335.95, "trend": 53.789745, "fair_value": 52.631346, "relative_strength": -20.275786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.624612, "energy": 88.232611, "activity_lines": [ 47.196505, 49.166628, 51.985672, 52.870784 ] }, { "date": "2025-07-04", "close": 47.408747, "volume": 11248482, "typical_volume": 12400182.85, "trend": 53.448268, "fair_value": 52.62312, "relative_strength": -18.149121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.67814, "energy": 82.068938, "activity_lines": [ 46.941436, 48.571522, 51.360592, 52.459107 ] }, { "date": "2025-07-11", "close": 47.945739, "volume": 10840676, "typical_volume": 12469564.75, "trend": 53.126576, "fair_value": 52.600678, "relative_strength": -16.835523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.937383, "energy": 77.578612, "activity_lines": [ 47.099977, 48.1935, 50.831978, 52.104105 ] }, { "date": "2025-07-18", "close": 48.003274, "volume": 9462379, "typical_volume": 12243240.8, "trend": 52.861189, "fair_value": 52.582709, "relative_strength": -17.032179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.643924, "energy": 54.911663, "activity_lines": [ 47.405551, 47.948757, 50.351476, 51.773569 ] }, { "date": "2025-07-25", "close": 49.086848, "volume": 11330108, "typical_volume": 12248077.15, "trend": 52.679706, "fair_value": 52.561339, "relative_strength": -16.133362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.005579, "energy": 39.193045, "activity_lines": [ 48.106198, 47.972173, 50.022944, 51.530063 ] }, { "date": "2025-08-01", "close": 46.229282, "volume": 14181552, "typical_volume": 12365921.1, "trend": 52.483136, "fair_value": 52.553595, "relative_strength": -18.738994, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -58.366926, "energy": 42.256806, "activity_lines": [ 47.65359, 47.565834, 49.468455, 51.113907 ] }, { "date": "2025-08-08", "close": 48.607391, "volume": 19343157, "typical_volume": 12436521.8, "trend": 52.454805, "fair_value": 52.546248, "relative_strength": -16.329647, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.909336, "energy": 35.282861, "activity_lines": [ 47.944461, 47.684566, 49.190115, 50.863859 ] }, { "date": "2025-08-15", "close": 49.307398, "volume": 11755902, "typical_volume": 12607451.35, "trend": 52.362096, "fair_value": 52.546875, "relative_strength": -15.695289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.772064, "energy": 29.17773, "activity_lines": [ 48.388758, 47.972763, 49.013476, 50.6608 ] }, { "date": "2025-08-22", "close": 50.64029, "volume": 10476330, "typical_volume": 12451524.5, "trend": 52.316018, "fair_value": 52.568531, "relative_strength": -13.455321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.547313, "energy": 21.153605, "activity_lines": [ 49.186575, 48.513417, 49.002903, 50.549716 ] }, { "date": "2025-08-29", "close": 48.415608, "volume": 9892424, "typical_volume": 12222253.3, "trend": 52.208674, "fair_value": 52.58598, "relative_strength": -16.947226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.248936, "energy": 21.795464, "activity_lines": [ 49.067031, 48.610878, 48.816036, 50.298077 ] }, { "date": "2025-09-05", "close": 48.770406, "volume": 8489870, "typical_volume": 12218654.8, "trend": 52.12856, "fair_value": 52.60304, "relative_strength": -16.220689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.516668, "energy": 16.026749, "activity_lines": [ 49.110501, 48.730306, 48.707053, 50.076253 ] }, { "date": "2025-09-12", "close": 46.863724, "volume": 11079219, "typical_volume": 12310046.2, "trend": 51.793122, "fair_value": 52.617679, "relative_strength": -20.377282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.82714, "energy": 29.479348, "activity_lines": [ 48.349003, 48.443438, 48.450107, 49.736586 ] }, { "date": "2025-09-19", "close": 45.073185, "volume": 15145835, "typical_volume": 12605262.15, "trend": 51.398942, "fair_value": 52.636477, "relative_strength": -23.979949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.242232, "energy": 52.381322, "activity_lines": [ 47.106903, 47.840927, 48.056512, 49.303042 ] }, { "date": "2025-09-26", "close": 43.389111, "volume": 16308573, "typical_volume": 12549255.15, "trend": 50.903731, "fair_value": 52.642724, "relative_strength": -26.156419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.996908, "energy": 77.769655, "activity_lines": [ 45.585726, 46.984449, 47.548375, 48.786279 ] }, { "date": "2025-10-03", "close": 44.898971, "volume": 12307301, "typical_volume": 12328967.55, "trend": 50.440793, "fair_value": 52.664145, "relative_strength": -24.008444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.175824, "energy": 76.903927, "activity_lines": [ 45.051247, 46.486385, 47.22464, 48.398875 ] }, { "date": "2025-10-10", "close": 44.49247, "volume": 11017100, "typical_volume": 12177060.15, "trend": 50.035262, "fair_value": 52.672875, "relative_strength": -22.476531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.343841, "energy": 77.770226, "activity_lines": [ 44.615711, 45.990554, 46.905652, 48.015112 ] }, { "date": "2025-10-17", "close": 45.808758, "volume": 10581799, "typical_volume": 12124835.1, "trend": 49.696732, "fair_value": 52.688004, "relative_strength": -21.172327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.054468, "energy": 63.616801, "activity_lines": [ 44.904133, 45.765627, 46.744571, 47.742434 ] }, { "date": "2025-10-24", "close": 43.979505, "volume": 9445519, "typical_volume": 12033003.25, "trend": 49.245276, "fair_value": 52.680415, "relative_strength": -25.324683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.784006, "energy": 50.382236, "activity_lines": [ 44.653135, 45.258993, 46.433652, 47.373581 ] }, { "date": "2025-10-31", "close": 42.314788, "volume": 11424555, "typical_volume": 12113200.2, "trend": 48.718689, "fair_value": 52.661589, "relative_strength": -28.193668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.004011, "energy": 56.663228, "activity_lines": [ 43.920143, 44.546554, 45.992208, 46.926453 ] }, { "date": "2025-11-07", "close": 44.840899, "volume": 21719812, "typical_volume": 12525358.25, "trend": 48.290877, "fair_value": 52.654989, "relative_strength": -22.172347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.510961, "energy": 45.055969, "activity_lines": [ 44.10081, 44.444781, 45.820854, 46.676273 ] }, { "date": "2025-11-14", "close": 44.947364, "volume": 16981513, "typical_volume": 12651605.3, "trend": 47.928069, "fair_value": 52.640008, "relative_strength": -21.499521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.127695, "energy": 42.07956, "activity_lines": [ 44.320837, 44.42736, 45.665521, 46.460562 ] }, { "date": "2025-11-21", "close": 44.62797, "volume": 16331671, "typical_volume": 12905764.75, "trend": 47.616385, "fair_value": 52.611194, "relative_strength": -20.020113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.678732, "energy": 37.043027, "activity_lines": [ 44.404072, 44.421376, 45.482357, 46.247653 ] }, { "date": "2025-11-28", "close": 45.015114, "volume": 27037557, "typical_volume": 13715608.8, "trend": 47.293532, "fair_value": 52.582743, "relative_strength": -21.637034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.411837, "energy": 23.203499, "activity_lines": [ 44.695075, 44.526433, 45.349306, 46.079829 ] }, { "date": "2025-12-05", "close": 44.134362, "volume": 18500541, "typical_volume": 14167516.9, "trend": 47.034135, "fair_value": 52.566387, "relative_strength": -22.8697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.828162, "energy": 24.39208, "activity_lines": [ 44.623454, 44.472409, 45.146329, 45.876011 ] }, { "date": "2025-12-12", "close": 46.54987, "volume": 16579731, "typical_volume": 14429998.05, "trend": 46.784931, "fair_value": 52.572818, "relative_strength": -17.644137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.631089, "energy": 13.010261, "activity_lines": [ 45.235696, 44.844018, 45.191824, 45.844768 ] }, { "date": "2025-12-19", "close": 46.628105, "volume": 16178086, "typical_volume": 14529824.75, "trend": 46.628298, "fair_value": 52.575471, "relative_strength": -17.082306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.227401, "energy": 12.981941, "activity_lines": [ 45.760086, 45.199835, 45.256851, 45.834651 ] }, { "date": "2025-12-26", "close": 45.395903, "volume": 9199953, "typical_volume": 14022664.55, "trend": 46.443897, "fair_value": 52.572565, "relative_strength": -19.907632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.967606, "energy": 11.965441, "activity_lines": [ 45.761692, 45.292786, 45.202626, 45.755141 ] }, { "date": "2026-01-02", "close": 46.354283, "volume": 9363675, "typical_volume": 13903053.2, "trend": 46.326921, "fair_value": 52.579453, "relative_strength": -16.948896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.988037, "energy": 13.57872, "activity_lines": [ 46.031563, 45.567494, 45.254969, 45.74936 ] }, { "date": "2026-01-09", "close": 47.068178, "volume": 16573226, "typical_volume": 14207898.0, "trend": 46.278811, "fair_value": 52.591602, "relative_strength": -16.633481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.200543, "energy": 19.027447, "activity_lines": [ 46.450121, 45.928824, 45.389363, 45.797183 ] }, { "date": "2026-01-16", "close": 47.870087, "volume": 12604990, "typical_volume": 14343526.3, "trend": 46.338618, "fair_value": 52.613341, "relative_strength": -14.534311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.065491, "energy": 34.716169, "activity_lines": [ 46.940394, 46.34953, 45.61714, 45.899846 ] }, { "date": "2026-01-23", "close": 48.261263, "volume": 10861223, "typical_volume": 14462093.95, "trend": 46.430963, "fair_value": 52.630057, "relative_strength": -13.191003, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.942843, "energy": 43.380536, "activity_lines": [ 47.473044, 46.786282, 45.88477, 46.023887 ] }, { "date": "2026-01-30", "close": 46.980163, "volume": 15342228, "typical_volume": 14675244.4, "trend": 46.416677, "fair_value": 52.625326, "relative_strength": -15.448765, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.131433, "energy": 34.507812, "activity_lines": [ 47.469784, 46.929855, 46.032814, 46.05932 ] }, { "date": "2026-02-06", "close": 50.618094, "volume": 13664126, "typical_volume": 14601158.95, "trend": 46.505755, "fair_value": 52.656352, "relative_strength": -8.440908, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.713511, "energy": 57.624412, "activity_lines": [ 48.573551, 47.692102, 46.526774, 46.330379 ] }, { "date": "2026-02-13", "close": 52.045884, "volume": 17042040, "typical_volume": 14637832.3, "trend": 46.640509, "fair_value": 52.693221, "relative_strength": -4.216494, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.328472, "energy": 75.890063, "activity_lines": [ 49.868993, 48.612076, 47.130309, 46.687806 ] }, { "date": "2026-02-20", "close": 48.760011, "volume": 20307821, "typical_volume": 15037858.3, "trend": 46.629615, "fair_value": 52.698987, "relative_strength": -10.719928, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.867625, "energy": 55.802334, "activity_lines": [ 49.737297, 48.790772, 47.379682, 46.824548 ] }, { "date": "2026-02-27", "close": 47.909205, "volume": 15272891, "typical_volume": 15250647.85, "trend": 46.685612, "fair_value": 52.698777, "relative_strength": -11.205531, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.56495, "energy": 46.108578, "activity_lines": [ 49.262671, 48.774591, 47.529639, 46.907103 ] }, { "date": "2026-03-06", "close": 46.08046, "volume": 14576368, "typical_volume": 15450376.3, "trend": 46.601381, "fair_value": 52.693456, "relative_strength": -12.119792, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.520797, "energy": 19.537915, "activity_lines": [ 48.201934, 48.402619, 47.48916, 46.868061 ] }, { "date": "2026-03-13", "close": 43.086811, "volume": 14873974, "typical_volume": 15721799.05, "trend": 46.394028, "fair_value": 52.682741, "relative_strength": -15.81331, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.562685, "energy": 20.241815, "activity_lines": [ 46.203294, 47.473901, 47.162278, 46.641314 ] }, { "date": "2026-03-20", "close": 40.903324, "volume": 16898183, "typical_volume": 15995480.45, "trend": 46.069463, "fair_value": 52.653489, "relative_strength": -17.853981, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.82915, "energy": 39.655168, "activity_lines": [ 43.978911, 46.207593, 46.631695, 46.287075 ] }, { "date": "2026-03-27", "close": 42.87933, "volume": 13482185, "typical_volume": 15583599.1, "trend": 45.88492, "fair_value": 52.631269, "relative_strength": -11.09317, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.381526, "energy": 47.218885, "activity_lines": [ 43.156034, 45.412648, 46.296025, 46.08126 ] }, { "date": "2026-04-03", "close": 43.511652, "volume": 9938408, "typical_volume": 15231443.85, "trend": 45.709628, "fair_value": 52.610401, "relative_strength": -11.656272, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.60994, "energy": 52.679871, "activity_lines": [ 42.935976, 44.823411, 46.029916, 45.928146 ] }, { "date": "2026-04-10", "close": 44.509535, "volume": 13307672, "typical_volume": 15080243.9, "trend": 45.631155, "fair_value": 52.573452, "relative_strength": -11.784789, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.416567, "energy": 45.193462, "activity_lines": [ 43.341715, 44.501964, 45.865681, 45.850721 ] }, { "date": "2026-04-17", "close": 44.055054, "volume": 15059982, "typical_volume": 14481365.15, "trend": 45.597217, "fair_value": 52.520598, "relative_strength": -15.467384, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.311394, "energy": 24.247703, "activity_lines": [ 43.70069, 44.142804, 45.658726, 45.749037 ] }, { "date": "2026-04-24", "close": 41.930847, "volume": 13675180, "typical_volume": 14240097.1, "trend": 45.548609, "fair_value": 52.44746, "relative_strength": -19.114796, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.549993, "energy": 36.564803, "activity_lines": [ 43.287046, 43.516754, 45.254038, 45.512497 ] }, { "date": "2026-05-01", "close": 41.634446, "volume": 22095043, "typical_volume": 14515862.7, "trend": 45.439791, "fair_value": 52.341321, "relative_strength": -19.585689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.711998, "energy": 38.374807, "activity_lines": [ 42.7061, 43.020721, 44.831613, 45.25997 ] }, { "date": "2026-05-08", "close": 41.901207, "volume": 17851864, "typical_volume": 14599551.6, "trend": 45.353416, "fair_value": 52.240571, "relative_strength": -20.15777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.366511, "energy": 45.140945, "activity_lines": [ 42.297067, 42.702747, 44.458001, 45.031674 ] }, { "date": "2026-05-15", "close": 40.350042, "volume": 15739744, "typical_volume": 14926541.15, "trend": 45.171459, "fair_value": 52.139306, "relative_strength": -22.491677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.696304, "energy": 65.705776, "activity_lines": [ 41.478342, 42.211979, 43.959168, 44.708876 ] }, { "date": "2026-05-22", "close": 42.039528, "volume": 14152353, "typical_volume": 15165975.05, "trend": 45.106793, "fair_value": 52.060196, "relative_strength": -19.213214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.365832, "energy": 63.359838, "activity_lines": [ 41.500078, 42.132579, 43.645267, 44.506816 ] }, { "date": "2026-05-29", "close": 39.53, "volume": 13705959, "typical_volume": 15022611.7, "trend": 45.013966, "fair_value": 51.944015, "relative_strength": -24.392079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.63625, "energy": 70.975623, "activity_lines": [ 40.819673, 41.615944, 43.112909, 44.147023 ] }, { "date": "2026-06-05", "close": 39.06, "volume": 15519541, "typical_volume": 15168339.25, "trend": 44.82127, "fair_value": 51.809835, "relative_strength": -22.70205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.068304, "energy": 74.199737, "activity_lines": [ 40.142658, 41.038823, 42.571686, 43.762896 ] }, { "date": "2026-06-12", "close": 41.58, "volume": 17912262, "typical_volume": 15520891.2, "trend": 44.709024, "fair_value": 51.692851, "relative_strength": -17.576381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.779349, "energy": 52.641928, "activity_lines": [ 40.477273, 40.989326, 42.312415, 43.553782 ] }, { "date": "2026-06-19", "close": 39.4, "volume": 14224020, "typical_volume": 15464980.8, "trend": 44.534759, "fair_value": 51.562471, "relative_strength": -22.053558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.441569, "energy": 52.877009, "activity_lines": [ 40.106635, 40.578587, 41.877341, 43.211264 ] }, { "date": "2026-06-26", "close": 41.48, "volume": 17636075, "typical_volume": 15663578.25, "trend": 44.416921, "fair_value": 51.447391, "relative_strength": -15.510947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.619041, "energy": 39.651913, "activity_lines": [ 40.492667, 40.63893, 41.676458, 43.014183 ] }, { "date": "2026-07-03", "close": 39.78, "volume": 12990574, "typical_volume": 15461004.95, "trend": 44.271776, "fair_value": 51.320951, "relative_strength": -20.161649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.155662, "energy": 37.133492, "activity_lines": [ 40.349333, 40.437002, 41.357185, 42.715027 ] }, { "date": "2026-07-10", "close": 39.17, "volume": 17635426, "typical_volume": 15327385.2, "trend": 44.02578, "fair_value": 51.182732, "relative_strength": -21.864363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.439084, "energy": 40.939326, "activity_lines": [ 39.986, 40.16327, 41.038225, 42.38588 ] }, { "date": "2026-07-17", "close": 40.93, "volume": 15437409, "typical_volume": 15335611.1, "trend": 43.835844, "fair_value": 51.040344, "relative_strength": -16.534465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.534642, "energy": 29.865837, "activity_lines": [ 40.202, 40.254347, 40.932552, 42.186152 ] }, { "date": "2026-07-24", "close": 40.95, "volume": 11542824, "typical_volume": 15183933.9, "trend": 43.687647, "fair_value": 50.894613, "relative_strength": -15.446888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.116824, "energy": 25.226059, "activity_lines": [ 40.468, 40.366719, 40.862017, 41.999969 ] }, { "date": "2026-07-31", "close": 41.56, "volume": 18418051, "typical_volume": 15361137.75, "trend": 43.527837, "fair_value": 50.783114, "relative_strength": -14.628238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.795958, "energy": 18.208683, "activity_lines": [ 40.834, 40.579091, 40.874009, 41.862701 ] }, { "date": "2026-08-07", "close": 43.37, "volume": 16931835, "typical_volume": 15362820.35, "trend": 43.404565, "fair_value": 50.689523, "relative_strength": -13.394454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.018987, "energy": 9.93091, "activity_lines": [ 41.798, 41.129273, 41.065652, 41.852518 ] } ], "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." } } }