{ "ticker": { "uuid": "2008c8fc-42ea-41d4-a669-0c51cbc783b5", "symbol": "MANG", "name": "Mangold Fondkommission AB", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -72.508, "architecture_energy": 66.22, "architecture_maturity": 33.934, "architecture_confidence": 92.518, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 15.18, "rotation_up": 15.87, "upward_expansion": 13.41, "deceleration": 39.31, "rotation_down": 65.11, "downward_expansion": 86.75 }, "activity_lines": [ 1692.0, 1709.272727, 1744.095238, 1765.956989 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 1660.0, "trend_reference": 1793.0, "distance_from_trend": -0.074177, "trend_direction": "Weakening", "fair_value": 2145.127172, "distance_from_fair_value": -0.226153, "fair_value_direction": "Weakening", "relative_strength": -21.297926, "relative_strength_direction": "Weakening", "price_momentum": -0.082873, "excess_performance": -0.144367, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.074177, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.040663, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.226153, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.008448, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.212979, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.042781, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.082873, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.515991, "read": "Supply-led" } ], "volume": { "latest": 344, "relative_activity": 4.667571, "balance": 0.515991, "dry_up": 1.445047, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.037998, "annualized_volatility": 0.317984, "from_high_reference": -0.284483, "from_low_reference": 0.012195 }, "levels": { "trend_reference": 1793.0, "fair_value_reference": 2145.127172, "structural_low": 1640.0, "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": 38, "median_return": 0.005866, "positive_rate": 0.526316, "directional_follow_through": 0.447368, "median_excess_return": -0.009191, "regime_survival": 0.842105, "best_return": 0.242331, "worst_return": -0.239583, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.039652, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.028355, "regime_survival": 0.785714, "best_return": 0.213873, "worst_return": -0.191686, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.082873, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.129669, "regime_survival": 0.571429, "best_return": 0.09375, "worst_return": -0.104974, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.203108, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.303583, "regime_survival": 0.5, "best_return": 0.05, "worst_return": -0.349677, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.024258, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-07-05", "tenure": "Developing", "return": -0.0625, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-01-03", "tenure": "Established", "return": -0.016667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": -0.061947, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-06-06", "tenure": "Established", "return": -0.020833, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.021505, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": 0.076923, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.020725, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-12-19", "tenure": "Established", "return": 0.020513, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": -0.085, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": 0.01105, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": -0.044554, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.017857, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": -0.051429, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2718.253906, "volume": 15, "typical_volume": 240.55, "trend": 3019.841187, "fair_value": 3197.263776, "relative_strength": -17.876597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.640481, "energy": 30.089686, "activity_lines": [ 2755.952295, 2780.483327, 2842.025622, 2921.296217 ] }, { "date": "2023-08-25", "close": 2718.253906, "volume": 29, "typical_volume": 236.0, "trend": 3005.621615, "fair_value": 3207.398788, "relative_strength": -17.338468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.640595, "energy": 34.331046, "activity_lines": [ 2738.095166, 2766.233691, 2824.357445, 2901.838973 ] }, { "date": "2023-09-01", "close": 2738.095215, "volume": 306, "typical_volume": 245.8, "trend": 2987.103101, "fair_value": 3217.349463, "relative_strength": -17.601755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.381471, "energy": 33.389486, "activity_lines": [ 2732.142806, 2759.379443, 2810.468562, 2884.579206 ] }, { "date": "2023-09-08", "close": 2569.444336, "volume": 84, "typical_volume": 221.75, "trend": 2969.907332, "fair_value": 3226.655178, "relative_strength": -21.553367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.247651, "energy": 42.004757, "activity_lines": [ 2675.264486, 2722.763272, 2781.651476, 2857.633479 ] }, { "date": "2023-09-15", "close": 2430.55542, "volume": 20, "typical_volume": 217.35, "trend": 2947.089868, "fair_value": 3235.008274, "relative_strength": -25.507747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.276845, "energy": 54.802614, "activity_lines": [ 2586.64012, 2664.502077, 2742.016173, 2822.836581 ] }, { "date": "2023-09-22", "close": 2847.222168, "volume": 141, "typical_volume": 217.65, "trend": 2933.531665, "fair_value": 3246.219226, "relative_strength": -10.662431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.016284, "energy": 28.211432, "activity_lines": [ 2657.407324, 2685.786355, 2745.512018, 2816.393504 ] }, { "date": "2023-09-29", "close": 2658.72998, "volume": 270, "typical_volume": 226.35, "trend": 2915.343831, "fair_value": 3255.411929, "relative_strength": -15.164402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.768758, "energy": 28.334671, "activity_lines": [ 2656.745915, 2675.324578, 2731.906565, 2798.664363 ] }, { "date": "2023-10-06", "close": 2648.809326, "volume": 112, "typical_volume": 231.35, "trend": 2890.872925, "fair_value": 3264.291818, "relative_strength": -14.480694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.308166, "energy": 24.44185, "activity_lines": [ 2656.745882, 2665.584299, 2718.773522, 2781.468588 ] }, { "date": "2023-10-13", "close": 2718.253906, "volume": 84, "typical_volume": 230.45, "trend": 2867.394092, "fair_value": 3269.25551, "relative_strength": -12.831724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.157522, "energy": 16.70143, "activity_lines": [ 2685.846435, 2671.536688, 2713.340796, 2770.331877 ] }, { "date": "2023-10-20", "close": 2450.396729, "volume": 113, "typical_volume": 208.8, "trend": 2837.301497, "fair_value": 3273.935185, "relative_strength": -16.508299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.569986, "energy": 39.688031, "activity_lines": [ 2615.740625, 2630.050395, 2683.815096, 2743.428822 ] }, { "date": "2023-10-27", "close": 2490.079346, "volume": 144, "typical_volume": 198.85, "trend": 2811.507853, "fair_value": 3279.554592, "relative_strength": -13.271567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.620627, "energy": 47.70493, "activity_lines": [ 2557.5396, 2601.010005, 2660.383508, 2721.027393 ] }, { "date": "2023-11-03", "close": 2470.238037, "volume": 98, "typical_volume": 187.95, "trend": 2790.013143, "fair_value": 3285.607557, "relative_strength": -16.306848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.703217, "energy": 55.237045, "activity_lines": [ 2516.534326, 2572.510733, 2637.377086, 2699.009985 ] }, { "date": "2023-11-10", "close": 2490.079346, "volume": 91, "typical_volume": 183.55, "trend": 2773.80944, "fair_value": 3292.348455, "relative_strength": -14.265253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.86581, "energy": 56.061449, "activity_lines": [ 2494.708952, 2552.128351, 2618.433403, 2679.659418 ] }, { "date": "2023-11-17", "close": 2748.015869, "volume": 53, "typical_volume": 178.7, "trend": 2762.896745, "fair_value": 3300.867403, "relative_strength": -8.260457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.697456, "energy": 25.603424, "activity_lines": [ 2569.444417, 2583.152899, 2625.472337, 2677.995316 ] }, { "date": "2023-11-24", "close": 2569.444336, "volume": 90, "typical_volume": 177.55, "trend": 2743.386165, "fair_value": 3308.241661, "relative_strength": -14.662491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.960008, "energy": 19.776491, "activity_lines": [ 2582.671908, 2578.463139, 2615.59894, 2665.514516 ] }, { "date": "2023-12-01", "close": 2559.523682, "volume": 94, "typical_volume": 108.45, "trend": 2727.84384, "fair_value": 3315.552325, "relative_strength": -15.14407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.852159, "energy": 16.01617, "activity_lines": [ 2584.656006, 2569.444372, 2605.111407, 2653.65242 ] }, { "date": "2023-12-08", "close": 2599.206299, "volume": 45, "typical_volume": 97.65, "trend": 2715.939079, "fair_value": 3323.117365, "relative_strength": -15.536117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.714677, "energy": 15.930073, "activity_lines": [ 2595.238021, 2572.871507, 2600.43454, 2645.353224 ] }, { "date": "2023-12-15", "close": 2628.968262, "volume": 97, "typical_volume": 101.1, "trend": 2707.671883, "fair_value": 3329.938611, "relative_strength": -16.508047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.735696, "energy": 13.800226, "activity_lines": [ 2607.142806, 2582.792157, 2599.536968, 2639.742203 ] }, { "date": "2023-12-22", "close": 2579.36499, "volume": 522, "typical_volume": 123.6, "trend": 2693.121615, "fair_value": 3336.815718, "relative_strength": -17.046068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.825681, "energy": 14.722022, "activity_lines": [ 2593.253906, 2584.054776, 2594.812855, 2631.464339 ] }, { "date": "2023-12-29", "close": 2579.36499, "volume": 65, "typical_volume": 123.65, "trend": 2681.216854, "fair_value": 3343.630519, "relative_strength": -17.123193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.209213, "energy": 14.529566, "activity_lines": [ 2590.608398, 2587.842649, 2591.080805, 2624.125202 ] }, { "date": "2024-01-05", "close": 2480.158691, "volume": 110, "typical_volume": 128.4, "trend": 2664.682463, "fair_value": 3349.996298, "relative_strength": -17.743411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.907268, "energy": 25.93457, "activity_lines": [ 2554.232747, 2571.248136, 2578.656394, 2611.153708 ] }, { "date": "2024-01-12", "close": 2638.888916, "volume": 817, "typical_volume": 167.8, "trend": 2655.092521, "fair_value": 3356.694222, "relative_strength": -12.72825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.064568, "energy": 13.995156, "activity_lines": [ 2576.05817, 2583.694038, 2582.482935, 2609.489608 ] }, { "date": "2024-01-19", "close": 2490.079346, "volume": 52, "typical_volume": 155.1, "trend": 2645.171891, "fair_value": 3362.625155, "relative_strength": -15.111801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.454635, "energy": 25.047599, "activity_lines": [ 2545.634896, 2566.017276, 2572.515064, 2598.843597 ] }, { "date": "2024-01-26", "close": 2579.36499, "volume": 62, "typical_volume": 154.0, "trend": 2638.888818, "fair_value": 3367.446194, "relative_strength": -14.303055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.689651, "energy": 20.932424, "activity_lines": [ 2554.232764, 2564.574268, 2572.231615, 2594.59799 ] }, { "date": "2024-02-02", "close": 2430.55542, "volume": 1351, "typical_volume": 220.55, "trend": 2631.944368, "fair_value": 3372.310207, "relative_strength": -18.66734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.992409, "energy": 24.817395, "activity_lines": [ 2513.227441, 2539.141353, 2557.728585, 2581.157126 ] }, { "date": "2024-02-09", "close": 2480.158691, "volume": 279, "typical_volume": 227.45, "trend": 2615.079289, "fair_value": 3378.177546, "relative_strength": -16.016497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.074665, "energy": 31.463555, "activity_lines": [ 2498.677181, 2525.252468, 2547.949677, 2571.364501 ] }, { "date": "2024-02-16", "close": 2926.587158, "volume": 308, "typical_volume": 229.35, "trend": 2619.378231, "fair_value": 3386.283554, "relative_strength": -2.971192, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.135692, "energy": 13.01724, "activity_lines": [ 2632.936409, 2593.975395, 2582.435686, 2591.461783 ] }, { "date": "2024-02-23", "close": 2549.603027, "volume": 84, "typical_volume": 227.95, "trend": 2610.449658, "fair_value": 3390.602286, "relative_strength": -15.837516, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.004178, "energy": 5.197738, "activity_lines": [ 2622.354378, 2588.203373, 2579.742935, 2586.960157 ] }, { "date": "2024-03-01", "close": 2460.317383, "volume": 131, "typical_volume": 230.3, "trend": 2599.536963, "fair_value": 3395.220946, "relative_strength": -19.115177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.066612, "energy": 16.860535, "activity_lines": [ 2578.04222, 2567.640603, 2569.0192, 2577.274204 ] }, { "date": "2024-03-08", "close": 2450.396729, "volume": 22, "typical_volume": 225.75, "trend": 2589.947013, "fair_value": 3398.52991, "relative_strength": -19.591505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.696492, "energy": 20.356231, "activity_lines": [ 2538.359684, 2547.438579, 2558.57891, 2567.652253 ] }, { "date": "2024-03-15", "close": 2480.158691, "volume": 28, "typical_volume": 219.95, "trend": 2582.010506, "fair_value": 3399.101318, "relative_strength": -19.252965, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.729896, "energy": 27.281338, "activity_lines": [ 2507.275049, 2534.992698, 2550.973092, 2560.569136 ] }, { "date": "2024-03-22", "close": 2519.841309, "volume": 44, "typical_volume": 217.25, "trend": 2575.396753, "fair_value": 3401.671643, "relative_strength": -17.180563, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.433862, "energy": 30.49406, "activity_lines": [ 2489.417953, 2529.761839, 2547.193813, 2556.55822 ] }, { "date": "2024-03-29", "close": 2519.841309, "volume": 107, "typical_volume": 218.05, "trend": 2568.121623, "fair_value": 3403.992747, "relative_strength": -16.023708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.238958, "energy": 30.290876, "activity_lines": [ 2498.677246, 2526.695481, 2543.178327, 2552.973998 ] }, { "date": "2024-04-05", "close": 2480.158691, "volume": 272, "typical_volume": 229.0, "trend": 2565.145435, "fair_value": 3406.807137, "relative_strength": -16.313242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.161744, "energy": 25.754251, "activity_lines": [ 2496.693115, 2515.872976, 2535.241821, 2547.29897 ] }, { "date": "2024-04-12", "close": 2480.158691, "volume": 86, "typical_volume": 228.8, "trend": 2566.798877, "fair_value": 3408.387443, "relative_strength": -15.930278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.52202, "energy": 23.264682, "activity_lines": [ 2493.38623, 2506.854221, 2528.580826, 2541.815954 ] }, { "date": "2024-04-19", "close": 2380.952393, "volume": 38, "typical_volume": 226.0, "trend": 2551.256551, "fair_value": 3408.829421, "relative_strength": -18.578932, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.817071, "energy": 34.396776, "activity_lines": [ 2455.026449, 2478.89608, 2512.896781, 2529.825858 ] }, { "date": "2024-04-26", "close": 2460.317383, "volume": 236, "typical_volume": 235.55, "trend": 2544.642798, "fair_value": 3409.152159, "relative_strength": -17.111802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.468388, "energy": 34.745167, "activity_lines": [ 2449.735417, 2467.171689, 2505.621646, 2523.958815 ] }, { "date": "2024-05-03", "close": 2500.0, "volume": 7053, "typical_volume": 583.35, "trend": 2539.682487, "fair_value": 3410.859654, "relative_strength": -14.672727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.589822, "energy": 31.955201, "activity_lines": [ 2461.640186, 2471.13995, 2502.787184, 2521.078635 ] }, { "date": "2024-05-10", "close": 2500.0, "volume": 21, "typical_volume": 558.3, "trend": 2532.407357, "fair_value": 3412.818344, "relative_strength": -17.010233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.001517, "energy": 24.528183, "activity_lines": [ 2474.867708, 2476.010085, 2500.566856, 2518.518474 ] }, { "date": "2024-05-17", "close": 2520.0, "volume": 28, "typical_volume": 556.45, "trend": 2534.727466, "fair_value": 3414.402848, "relative_strength": -15.109795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.27105, "energy": 14.130368, "activity_lines": [ 2493.439144, 2483.795082, 2500.629219, 2517.718 ] }, { "date": "2024-05-24", "close": 2560.0, "volume": 52, "typical_volume": 553.55, "trend": 2537.058154, "fair_value": 3415.866968, "relative_strength": -13.984872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.021705, "energy": 14.129508, "activity_lines": [ 2522.687826, 2497.587291, 2504.783796, 2519.348486 ] }, { "date": "2024-05-31", "close": 2540.0, "volume": 161, "typical_volume": 520.75, "trend": 2539.383553, "fair_value": 3416.951688, "relative_strength": -13.540334, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.840611, "energy": 16.67836, "activity_lines": [ 2533.333333, 2506.291477, 2506.653414, 2519.538282 ] }, { "date": "2024-06-07", "close": 2520.0, "volume": 706, "typical_volume": 553.45, "trend": 2540.380908, "fair_value": 3418.033801, "relative_strength": -14.373214, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.516124, "energy": 13.200135, "activity_lines": [ 2532.0, 2510.992778, 2507.089171, 2518.28773 ] }, { "date": "2024-06-14", "close": 2460.0, "volume": 111, "typical_volume": 555.9, "trend": 2530.780379, "fair_value": 3418.480103, "relative_strength": -13.947022, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.268883, "energy": 12.171398, "activity_lines": [ 2509.333333, 2504.782102, 2501.668162, 2513.101865 ] }, { "date": "2024-06-21", "close": 2460.0, "volume": 96, "typical_volume": 493.15, "trend": 2527.132235, "fair_value": 3415.535264, "relative_strength": -13.92188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.537795, "energy": 18.579612, "activity_lines": [ 2489.333333, 2498.937948, 2496.815558, 2508.535389 ] }, { "date": "2024-06-28", "close": 2480.0, "volume": 90, "typical_volume": 483.7, "trend": 2524.481445, "fair_value": 3408.322709, "relative_strength": -12.723859, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.340351, "energy": 20.484356, "activity_lines": [ 2480.0, 2497.09668, 2493.727503, 2505.4946 ] }, { "date": "2024-07-05", "close": 2400.0, "volume": 47, "typical_volume": 470.65, "trend": 2517.841235, "fair_value": 3399.466953, "relative_strength": -14.762493, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.934676, "energy": 46.833156, "activity_lines": [ 2449.333333, 2478.909091, 2483.021157, 2497.463539 ] }, { "date": "2024-07-12", "close": 2400.0, "volume": 140, "typical_volume": 473.45, "trend": 2510.20896, "fair_value": 3393.374349, "relative_strength": -16.556801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.669097, "energy": 55.468609, "activity_lines": [ 2428.0, 2461.818182, 2474.822368, 2489.860879 ] }, { "date": "2024-07-19", "close": 2420.0, "volume": 67, "typical_volume": 470.25, "trend": 2504.896794, "fair_value": 3387.284352, "relative_strength": -13.419204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.120586, "energy": 53.229974, "activity_lines": [ 2421.333333, 2450.181818, 2469.240737, 2484.040946 ] }, { "date": "2024-07-26", "close": 2440.0, "volume": 45, "typical_volume": 471.4, "trend": 2500.251294, "fair_value": 3380.317777, "relative_strength": -12.508328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.991245, "energy": 48.455412, "activity_lines": [ 2424.0, 2443.636364, 2465.755855, 2479.854056 ] }, { "date": "2024-08-02", "close": 2360.0, "volume": 91, "typical_volume": 474.55, "trend": 2496.246004, "fair_value": 3357.766649, "relative_strength": -11.061326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.241226, "energy": 49.723217, "activity_lines": [ 2401.333333, 2424.0, 2454.701433, 2470.805585 ] }, { "date": "2024-08-09", "close": 2440.0, "volume": 294, "typical_volume": 487.05, "trend": 2489.616374, "fair_value": 3346.152957, "relative_strength": -7.317266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.214191, "energy": 29.343619, "activity_lines": [ 2413.333333, 2422.545455, 2451.838244, 2467.176811 ] }, { "date": "2024-08-16", "close": 2460.0, "volume": 76, "typical_volume": 485.5, "trend": 2488.613729, "fair_value": 3335.29546, "relative_strength": -8.821544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.486937, "energy": 19.783096, "activity_lines": [ 2429.333333, 2426.545455, 2451.260013, 2465.266077 ] }, { "date": "2024-08-23", "close": 2380.0, "volume": 81, "typical_volume": 475.95, "trend": 2481.968229, "fair_value": 3325.432315, "relative_strength": -12.157353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.470223, "energy": 28.291106, "activity_lines": [ 2414.666667, 2417.090909, 2443.347693, 2458.25874 ] }, { "date": "2024-08-30", "close": 2420.0, "volume": 253, "typical_volume": 484.3, "trend": 2481.616382, "fair_value": 3315.699982, "relative_strength": -11.42818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.387337, "energy": 20.3339, "activity_lines": [ 2416.0, 2416.363636, 2439.721844, 2454.260789 ] }, { "date": "2024-09-06", "close": 2400.0, "volume": 168, "typical_volume": 490.8, "trend": 2478.944425, "fair_value": 3307.723411, "relative_strength": -7.730094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.79275, "energy": 23.218467, "activity_lines": [ 2412.0, 2412.727273, 2434.477702, 2448.995216 ] }, { "date": "2024-09-13", "close": 2400.0, "volume": 127, "typical_volume": 485.35, "trend": 2461.39152, "fair_value": 3297.611677, "relative_strength": -9.083322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.728307, "energy": 26.701405, "activity_lines": [ 2405.333333, 2410.545455, 2429.142857, 2443.902028 ] }, { "date": "2024-09-20", "close": 2340.0, "volume": 67, "typical_volume": 136.05, "trend": 2454.404753, "fair_value": 3286.236145, "relative_strength": -12.556017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.87986, "energy": 37.621272, "activity_lines": [ 2381.333333, 2397.454545, 2418.380952, 2436.070317 ] }, { "date": "2024-09-27", "close": 2340.0, "volume": 26, "typical_volume": 136.3, "trend": 2450.394173, "fair_value": 3267.01075, "relative_strength": -14.000751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.891365, "energy": 45.863414, "activity_lines": [ 2365.333333, 2385.454545, 2408.380952, 2428.689365 ] }, { "date": "2024-10-04", "close": 2320.0, "volume": 48, "typical_volume": 137.3, "trend": 2446.047616, "fair_value": 3252.115871, "relative_strength": -13.018816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.828466, "energy": 53.168454, "activity_lines": [ 2345.333333, 2371.272727, 2397.238095, 2420.276838 ] }, { "date": "2024-10-11", "close": 2160.0, "volume": 615, "typical_volume": 165.45, "trend": 2435.375659, "fair_value": 3229.224674, "relative_strength": -17.918742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.70792, "energy": 74.783122, "activity_lines": [ 2278.666667, 2330.181818, 2371.809524, 2401.822153 ] }, { "date": "2024-10-18", "close": 2180.0, "volume": 7, "typical_volume": 157.75, "trend": 2424.047616, "fair_value": 3208.031655, "relative_strength": -16.803205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.512584, "energy": 77.293942, "activity_lines": [ 2234.666667, 2296.363636, 2350.190476, 2385.346304 ] }, { "date": "2024-10-25", "close": 2560.0, "volume": 1775, "typical_volume": 211.2, "trend": 2425.386239, "fair_value": 3184.564617, "relative_strength": -1.799829, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.643989, "energy": 22.192324, "activity_lines": [ 2332.0, 2336.363636, 2366.47619, 2394.117425 ] }, { "date": "2024-11-01", "close": 2400.0, "volume": 919, "typical_volume": 251.6, "trend": 2422.714282, "fair_value": 3161.955906, "relative_strength": -6.275492, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.012693, "energy": 15.229427, "activity_lines": [ 2361.333333, 2345.454545, 2367.333333, 2392.479603 ] }, { "date": "2024-11-08", "close": 2180.0, "volume": 483, "typical_volume": 270.95, "trend": 2412.708993, "fair_value": 3138.250931, "relative_strength": -14.382853, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.995014, "energy": 23.043468, "activity_lines": [ 2313.333333, 2314.181818, 2347.52381, 2376.820618 ] }, { "date": "2024-11-15", "close": 2220.0, "volume": 213, "typical_volume": 277.1, "trend": 2407.343913, "fair_value": 3117.628316, "relative_strength": -10.486576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.663018, "energy": 20.684766, "activity_lines": [ 2288.0, 2294.545455, 2332.857143, 2364.387779 ] }, { "date": "2024-11-22", "close": 2180.0, "volume": 63, "typical_volume": 277.9, "trend": 2398.0, "fair_value": 3099.575241, "relative_strength": -11.752892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.582695, "energy": 31.083658, "activity_lines": [ 2245.333333, 2270.909091, 2315.619048, 2349.72043 ] }, { "date": "2024-11-29", "close": 2180.0, "volume": 103, "typical_volume": 276.05, "trend": 2387.333333, "fair_value": 3083.280535, "relative_strength": -11.274807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.756148, "energy": 47.514901, "activity_lines": [ 2202.666667, 2251.272727, 2299.428571, 2335.655914 ] }, { "date": "2024-12-06", "close": 2200.0, "volume": 112, "typical_volume": 278.3, "trend": 2377.333333, "fair_value": 3068.746806, "relative_strength": -13.419484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.89632, "energy": 42.907347, "activity_lines": [ 2192.0, 2238.181818, 2286.190476, 2323.569892 ] }, { "date": "2024-12-13", "close": 2240.0, "volume": 792, "typical_volume": 315.65, "trend": 2368.0, "fair_value": 3051.078346, "relative_strength": -9.443784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.32242, "energy": 34.166304, "activity_lines": [ 2208.0, 2234.909091, 2277.809524, 2314.709677 ] }, { "date": "2024-12-20", "close": 2180.0, "volume": 28, "typical_volume": 312.5, "trend": 2355.333333, "fair_value": 3033.339266, "relative_strength": -8.589203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.525728, "energy": 27.862907, "activity_lines": [ 2200.0, 2222.181818, 2264.666667, 2302.580645 ] }, { "date": "2024-12-27", "close": 2280.0, "volume": 28, "typical_volume": 299.2, "trend": 2346.666667, "fair_value": 3014.985234, "relative_strength": -4.688424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.921544, "energy": 17.4591, "activity_lines": [ 2228.0, 2227.272727, 2261.904762, 2297.72043 ] }, { "date": "2025-01-03", "close": 2360.0, "volume": 22, "typical_volume": 296.5, "trend": 2341.333333, "fair_value": 2999.467581, "relative_strength": -1.940291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.225053, "energy": 11.559342, "activity_lines": [ 2276.0, 2245.090909, 2267.52381, 2298.580645 ] }, { "date": "2025-01-10", "close": 2260.0, "volume": 67, "typical_volume": 295.8, "trend": 2334.666667, "fair_value": 2986.32325, "relative_strength": -6.130335, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.409089, "energy": 12.848777, "activity_lines": [ 2278.666667, 2248.363636, 2264.095238, 2293.333333 ] }, { "date": "2025-01-17", "close": 2260.0, "volume": 152, "typical_volume": 290.75, "trend": 2328.0, "fair_value": 2971.797343, "relative_strength": -9.08656, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.29818, "energy": 13.374106, "activity_lines": [ 2277.333333, 2254.181818, 2261.238095, 2288.516129 ] }, { "date": "2025-01-24", "close": 2420.0, "volume": 146, "typical_volume": 289.65, "trend": 2326.0, "fair_value": 2959.050664, "relative_strength": -4.205349, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.29068, "energy": 13.88091, "activity_lines": [ 2328.0, 2287.636364, 2274.380952, 2294.451613 ] }, { "date": "2025-01-31", "close": 2120.0, "volume": 465, "typical_volume": 306.55, "trend": 2316.666667, "fair_value": 2946.390472, "relative_strength": -15.707689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.564413, "energy": 19.300355, "activity_lines": [ 2262.666667, 2262.909091, 2258.857143, 2281.16129 ] }, { "date": "2025-02-07", "close": 1920.0, "volume": 151, "typical_volume": 310.75, "trend": 2300.666667, "fair_value": 2929.182686, "relative_strength": -22.250565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.379947, "energy": 65.04276, "activity_lines": [ 2141.333333, 2202.909091, 2225.619048, 2255.569892 ] }, { "date": "2025-02-14", "close": 1690.0, "volume": 751, "typical_volume": 347.0, "trend": 2276.333333, "fair_value": 2913.263694, "relative_strength": -32.689199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.865387, "energy": 87.336424, "activity_lines": [ 1972.666667, 2105.818182, 2172.47619, 2216.172043 ] }, { "date": "2025-02-21", "close": 1680.0, "volume": 303, "typical_volume": 359.75, "trend": 2251.0, "fair_value": 2897.657392, "relative_strength": -32.663221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.533145, "energy": 94.637246, "activity_lines": [ 1838.666667, 2016.181818, 2121.47619, 2177.698925 ] }, { "date": "2025-02-28", "close": 1620.0, "volume": 338, "typical_volume": 345.9, "trend": 2226.333333, "fair_value": 2883.173648, "relative_strength": -34.521788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.605228, "energy": 93.600713, "activity_lines": [ 1723.333333, 1925.818182, 2067.809524, 2136.989247 ] }, { "date": "2025-03-07", "close": 1460.0, "volume": 708, "typical_volume": 380.95, "trend": 2193.666667, "fair_value": 2867.036274, "relative_strength": -40.519351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.456226, "energy": 96.040147, "activity_lines": [ 1608.0, 1816.545455, 2001.47619, 2087.548387 ] }, { "date": "2025-03-14", "close": 1640.0, "volume": 266, "typical_volume": 305.5, "trend": 2166.333333, "fair_value": 2852.178343, "relative_strength": -31.481231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.197393, "energy": 87.933458, "activity_lines": [ 1596.666667, 1754.909091, 1955.714286, 2051.827957 ] }, { "date": "2025-03-21", "close": 1740.0, "volume": 74, "typical_volume": 263.25, "trend": 2145.0, "fair_value": 2839.091819, "relative_strength": -25.302046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.099955, "energy": 67.640624, "activity_lines": [ 1637.333333, 1724.545455, 1923.857143, 2024.322581 ] }, { "date": "2025-03-28", "close": 1790.0, "volume": 28, "typical_volume": 240.5, "trend": 2124.0, "fair_value": 2826.451405, "relative_strength": -20.020599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.915137, "energy": 58.863225, "activity_lines": [ 1691.333333, 1712.727273, 1899.904762, 2001.419355 ] }, { "date": "2025-04-04", "close": 1710.0, "volume": 68, "typical_volume": 233.25, "trend": 2101.0, "fair_value": 2814.264796, "relative_strength": -14.610024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.415348, "energy": 43.914575, "activity_lines": [ 1711.333333, 1694.909091, 1870.190476, 1974.709677 ] }, { "date": "2025-04-11", "close": 1690.0, "volume": 2864, "typical_volume": 373.3, "trend": 2077.333333, "fair_value": 2804.175766, "relative_strength": -14.788725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.392185, "energy": 36.429649, "activity_lines": [ 1718.666667, 1686.363636, 1841.0, 1948.193548 ] }, { "date": "2025-04-18", "close": 1620.0, "volume": 74, "typical_volume": 371.85, "trend": 2053.333333, "fair_value": 2790.521919, "relative_strength": -20.559288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.56387, "energy": 40.510844, "activity_lines": [ 1687.333333, 1672.909091, 1807.47619, 1918.688172 ] }, { "date": "2025-04-25", "close": 1600.0, "volume": 358, "typical_volume": 384.15, "trend": 2028.666667, "fair_value": 2778.393307, "relative_strength": -23.33249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.354628, "energy": 48.190335, "activity_lines": [ 1650.666667, 1661.272727, 1774.714286, 1889.44086 ] }, { "date": "2025-05-02", "close": 1690.0, "volume": 90, "typical_volume": 349.05, "trend": 2007.666667, "fair_value": 2765.951305, "relative_strength": -19.654302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.117422, "energy": 45.882181, "activity_lines": [ 1653.333333, 1667.636364, 1753.380952, 1867.591398 ] }, { "date": "2025-05-09", "close": 1730.0, "volume": 46, "typical_volume": 349.95, "trend": 1993.333333, "fair_value": 2754.592432, "relative_strength": -16.838315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.204608, "energy": 41.765052, "activity_lines": [ 1676.0, 1681.090909, 1738.47619, 1849.677419 ] }, { "date": "2025-05-16", "close": 1760.0, "volume": 7, "typical_volume": 348.9, "trend": 1979.333333, "fair_value": 2744.252587, "relative_strength": -18.044628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.29419, "energy": 31.162687, "activity_lines": [ 1707.333333, 1698.0, 1728.571429, 1834.623656 ] }, { "date": "2025-05-23", "close": 1710.0, "volume": 30, "typical_volume": 349.3, "trend": 1951.0, "fair_value": 2733.465042, "relative_strength": -17.766842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.844258, "energy": 22.905957, "activity_lines": [ 1717.333333, 1700.363636, 1716.380952, 1817.247312 ] }, { "date": "2025-05-30", "close": 1700.0, "volume": 32, "typical_volume": 347.55, "trend": 1927.666667, "fair_value": 2716.826358, "relative_strength": -18.235699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.055037, "energy": 20.675992, "activity_lines": [ 1718.0, 1699.636364, 1706.333333, 1801.053763 ] }, { "date": "2025-06-06", "close": 1880.0, "volume": 119, "typical_volume": 345.9, "trend": 1917.666667, "fair_value": 2704.139647, "relative_strength": -10.045298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.484557, "energy": 10.491608, "activity_lines": [ 1772.0, 1732.363636, 1716.095238, 1797.978495 ] }, { "date": "2025-06-13", "close": 1860.0, "volume": 94, "typical_volume": 343.3, "trend": 1905.666667, "fair_value": 2694.186453, "relative_strength": -8.328343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.301956, "energy": 14.299069, "activity_lines": [ 1806.666667, 1759.818182, 1725.761905, 1794.258065 ] }, { "date": "2025-06-20", "close": 1900.0, "volume": 22, "typical_volume": 321.15, "trend": 1896.333333, "fair_value": 2686.079515, "relative_strength": -5.484479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.300773, "energy": 26.55103, "activity_lines": [ 1846.0, 1791.818182, 1741.904762, 1793.892473 ] }, { "date": "2025-06-27", "close": 1900.0, "volume": 82, "typical_volume": 317.7, "trend": 1887.0, "fair_value": 2677.400231, "relative_strength": -7.261156, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.107676, "energy": 37.752724, "activity_lines": [ 1876.0, 1820.0, 1759.095238, 1794.129032 ] }, { "date": "2025-07-04", "close": 1950.0, "volume": 808, "typical_volume": 320.55, "trend": 1878.666667, "fair_value": 2669.168648, "relative_strength": -4.696916, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.040461, "energy": 56.713485, "activity_lines": [ 1910.0, 1852.181818, 1781.142857, 1798.193548 ] }, { "date": "2025-07-11", "close": 1910.0, "volume": 285, "typical_volume": 319.65, "trend": 1867.666667, "fair_value": 2661.062218, "relative_strength": -7.491038, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.028693, "energy": 53.194777, "activity_lines": [ 1914.0, 1870.727273, 1798.142857, 1800.215054 ] }, { "date": "2025-07-18", "close": 1930.0, "volume": 81, "typical_volume": 306.8, "trend": 1859.333333, "fair_value": 2652.70243, "relative_strength": -6.174654, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.953046, "energy": 53.76506, "activity_lines": [ 1922.666667, 1888.909091, 1815.952381, 1804.236559 ] }, { "date": "2025-07-25", "close": 1980.0, "volume": 65, "typical_volume": 274.65, "trend": 1849.333333, "fair_value": 2644.090811, "relative_strength": -5.526321, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.295976, "energy": 61.446283, "activity_lines": [ 1943.333333, 1912.545455, 1837.047619, 1812.021505 ] }, { "date": "2025-08-01", "close": 2000.0, "volume": 98, "typical_volume": 266.25, "trend": 1837.333333, "fair_value": 2632.109737, "relative_strength": -1.438472, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.696506, "energy": 61.255583, "activity_lines": [ 1965.333333, 1935.818182, 1857.571429, 1821.741935 ] }, { "date": "2025-08-08", "close": 2100.0, "volume": 129, "typical_volume": 269.0, "trend": 1832.0, "fair_value": 2618.989062, "relative_strength": 1.181876, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.031554, "energy": 85.521225, "activity_lines": [ 2014.0, 1972.0, 1885.904762, 1838.688172 ] }, { "date": "2025-08-15", "close": 1930.0, "volume": 177, "typical_volume": 276.45, "trend": 1821.0, "fair_value": 2605.605364, "relative_strength": -7.80303, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.666206, "energy": 58.155173, "activity_lines": [ 1996.0, 1970.0, 1896.333333, 1845.010753 ] }, { "date": "2025-08-22", "close": 2000.0, "volume": 159, "typical_volume": 281.0, "trend": 1807.0, "fair_value": 2594.705385, "relative_strength": -5.761567, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.231727, "energy": 47.31715, "activity_lines": [ 2000.0, 1979.818182, 1912.761905, 1856.55914 ] }, { "date": "2025-08-29", "close": 1940.0, "volume": 257, "typical_volume": 150.65, "trend": 1801.0, "fair_value": 2584.883448, "relative_strength": -5.92952, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.524009, "energy": 38.883148, "activity_lines": [ 1979.333333, 1976.181818, 1922.095238, 1865.139785 ] }, { "date": "2025-09-05", "close": 1970.0, "volume": 109, "typical_volume": 152.4, "trend": 1802.666667, "fair_value": 2573.218817, "relative_strength": -3.998473, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.07025, "energy": 26.319346, "activity_lines": [ 1971.333333, 1977.272727, 1933.095238, 1876.043011 ] }, { "date": "2025-09-12", "close": 1950.0, "volume": 222, "typical_volume": 145.6, "trend": 1811.333333, "fair_value": 2560.662856, "relative_strength": -4.792822, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.864704, "energy": 22.25614, "activity_lines": [ 1958.666667, 1973.454545, 1940.52381, 1885.548387 ] }, { "date": "2025-09-19", "close": 1980.0, "volume": 159, "typical_volume": 149.05, "trend": 1821.333333, "fair_value": 2548.998734, "relative_strength": -3.352019, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.669869, "energy": 20.538684, "activity_lines": [ 1966.0, 1975.090909, 1949.142857, 1896.430108 ] }, { "date": "2025-09-26", "close": 1970.0, "volume": 43, "typical_volume": 148.9, "trend": 1833.0, "fair_value": 2536.507384, "relative_strength": -3.435659, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.552632, "energy": 20.892833, "activity_lines": [ 1966.666667, 1973.636364, 1955.428571, 1906.021505 ] }, { "date": "2025-10-03", "close": 1960.0, "volume": 162, "typical_volume": 156.65, "trend": 1849.666667, "fair_value": 2524.715057, "relative_strength": -6.492617, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.112048, "energy": 18.907454, "activity_lines": [ 1966.0, 1969.636364, 1959.619048, 1914.215054 ] }, { "date": "2025-10-10", "close": 2000.0, "volume": 517, "typical_volume": 181.0, "trend": 1861.666667, "fair_value": 2514.005859, "relative_strength": -3.596686, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.808046, "energy": 23.992613, "activity_lines": [ 1977.333333, 1973.272727, 1966.666667, 1923.913978 ] }, { "date": "2025-10-17", "close": 1930.0, "volume": 116, "typical_volume": 185.2, "trend": 1868.0, "fair_value": 2504.755758, "relative_strength": -6.465279, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.336086, "energy": 11.863807, "activity_lines": [ 1963.333333, 1964.181818, 1965.666667, 1928.322581 ] }, { "date": "2025-10-24", "close": 2000.0, "volume": 266, "typical_volume": 192.55, "trend": 1875.0, "fair_value": 2494.428122, "relative_strength": -5.403334, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.228578, "energy": 20.979769, "activity_lines": [ 1974.0, 1970.909091, 1970.238095, 1936.83871 ] }, { "date": "2025-10-31", "close": 2020.0, "volume": 3, "typical_volume": 188.0, "trend": 1885.333333, "fair_value": 2483.84713, "relative_strength": -3.261717, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.498626, "energy": 23.950806, "activity_lines": [ 1990.0, 1980.0, 1976.142857, 1946.193548 ] }, { "date": "2025-11-07", "close": 2040.0, "volume": 842, "typical_volume": 229.0, "trend": 1897.0, "fair_value": 2470.596216, "relative_strength": -0.823159, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.365134, "energy": 26.550605, "activity_lines": [ 2009.333333, 1992.363636, 1983.190476, 1956.172043 ] }, { "date": "2025-11-14", "close": 1950.0, "volume": 61, "typical_volume": 227.95, "trend": 1908.0, "fair_value": 2458.930569, "relative_strength": -5.596709, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 43.379651, "energy": 22.904546, "activity_lines": [ 1993.333333, 1986.545455, 1981.0, 1959.591398 ] }, { "date": "2025-11-21", "close": 2000.0, "volume": 23, "typical_volume": 188.7, "trend": 1921.333333, "fair_value": 2447.839808, "relative_strength": -0.78256, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.202507, "energy": 22.468664, "activity_lines": [ 1997.333333, 1990.181818, 1983.333333, 1965.526882 ] }, { "date": "2025-11-28", "close": 1930.0, "volume": 120, "typical_volume": 180.45, "trend": 1929.333333, "fair_value": 2437.508612, "relative_strength": -6.872499, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.287533, "energy": 9.69954, "activity_lines": [ 1973.333333, 1980.181818, 1978.761905, 1966.086022 ] }, { "date": "2025-12-05", "close": 1880.0, "volume": 46, "typical_volume": 178.7, "trend": 1934.333333, "fair_value": 2427.238466, "relative_strength": -10.121742, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.611769, "energy": 9.042427, "activity_lines": [ 1937.333333, 1962.0, 1969.333333, 1962.903226 ] }, { "date": "2025-12-12", "close": 1880.0, "volume": 421, "typical_volume": 196.5, "trend": 1938.333333, "fair_value": 2417.349883, "relative_strength": -9.449249, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.669121, "energy": 23.520065, "activity_lines": [ 1910.666667, 1945.454545, 1960.142857, 1959.397849 ] }, { "date": "2025-12-19", "close": 1990.0, "volume": 116, "typical_volume": 197.4, "trend": 1947.666667, "fair_value": 2408.039241, "relative_strength": -4.383457, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.092447, "energy": 14.297179, "activity_lines": [ 1931.333333, 1950.363636, 1961.904762, 1962.731183 ] }, { "date": "2025-12-26", "close": 2000.0, "volume": 257, "typical_volume": 203.8, "trend": 1957.666667, "fair_value": 2399.746609, "relative_strength": -3.626256, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.916328, "energy": 6.215665, "activity_lines": [ 1952.666667, 1957.272727, 1964.666667, 1966.107527 ] }, { "date": "2026-01-02", "close": 1950.0, "volume": 30, "typical_volume": 196.45, "trend": 1960.0, "fair_value": 2391.960183, "relative_strength": -6.433016, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.351286, "energy": 2.796009, "activity_lines": [ 1957.333333, 1953.818182, 1963.142857, 1965.612903 ] }, { "date": "2026-01-09", "close": 1960.0, "volume": 87, "typical_volume": 192.85, "trend": 1963.333333, "fair_value": 2383.983485, "relative_strength": -8.329897, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.093606, "energy": 6.023809, "activity_lines": [ 1964.0, 1953.090909, 1962.47619, 1965.612903 ] }, { "date": "2026-01-16", "close": 1880.0, "volume": 23, "typical_volume": 181.15, "trend": 1962.666667, "fair_value": 2375.684747, "relative_strength": -13.369907, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.502278, "energy": 22.071538, "activity_lines": [ 1938.666667, 1938.909091, 1954.380952, 1960.236559 ] }, { "date": "2026-01-23", "close": 1910.0, "volume": 76, "typical_volume": 179.5, "trend": 1963.0, "fair_value": 2367.769099, "relative_strength": -10.587368, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.779285, "energy": 34.978523, "activity_lines": [ 1923.333333, 1933.090909, 1949.428571, 1956.83871 ] }, { "date": "2026-01-30", "close": 1830.0, "volume": 146, "typical_volume": 175.7, "trend": 1959.0, "fair_value": 2358.386723, "relative_strength": -14.258556, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.038671, "energy": 53.793179, "activity_lines": [ 1886.666667, 1913.454545, 1937.142857, 1948.258065 ] }, { "date": "2026-02-06", "close": 1810.0, "volume": 64, "typical_volume": 170.95, "trend": 1955.666667, "fair_value": 2350.211612, "relative_strength": -17.415271, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.133187, "energy": 63.597992, "activity_lines": [ 1854.666667, 1893.272727, 1923.52381, 1938.645161 ] }, { "date": "2026-02-13", "close": 1830.0, "volume": 67, "typical_volume": 172.15, "trend": 1952.333333, "fair_value": 2341.973924, "relative_strength": -16.403176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.92264, "energy": 61.742197, "activity_lines": [ 1838.666667, 1878.909091, 1912.619048, 1930.537634 ] }, { "date": "2026-02-20", "close": 1810.0, "volume": 42, "typical_volume": 166.15, "trend": 1946.666667, "fair_value": 2332.717717, "relative_strength": -18.788931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.282301, "energy": 65.299532, "activity_lines": [ 1824.666667, 1861.818182, 1900.47619, 1921.354839 ] }, { "date": "2026-02-27", "close": 1820.0, "volume": 49, "typical_volume": 142.75, "trend": 1940.666667, "fair_value": 2323.843583, "relative_strength": -19.345804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.548975, "energy": 60.779779, "activity_lines": [ 1818.666667, 1847.818182, 1890.0, 1913.182796 ] }, { "date": "2026-03-06", "close": 1760.0, "volume": 215, "typical_volume": 147.7, "trend": 1929.333333, "fair_value": 2313.440143, "relative_strength": -17.377042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.567599, "energy": 64.033693, "activity_lines": [ 1798.666667, 1826.0, 1874.666667, 1901.526882 ] }, { "date": "2026-03-13", "close": 1750.0, "volume": 34, "typical_volume": 136.1, "trend": 1923.333333, "fair_value": 2302.718227, "relative_strength": -17.234892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.774246, "energy": 69.868255, "activity_lines": [ 1780.0, 1806.727273, 1859.190476, 1889.956989 ] }, { "date": "2026-03-20", "close": 1770.0, "volume": 102, "typical_volume": 141.05, "trend": 1915.666667, "fair_value": 2292.569672, "relative_strength": -11.681567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.799333, "energy": 66.583941, "activity_lines": [ 1772.0, 1794.727273, 1846.809524, 1880.064516 ] }, { "date": "2026-03-27", "close": 1830.0, "volume": 67, "typical_volume": 102.3, "trend": 1912.0, "fair_value": 2283.378078, "relative_strength": -8.499681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.421204, "energy": 48.358503, "activity_lines": [ 1788.0, 1797.090909, 1841.333333, 1874.537634 ] }, { "date": "2026-04-03", "close": 2020.0, "volume": 117, "typical_volume": 105.1, "trend": 1913.666667, "fair_value": 2276.358339, "relative_strength": -2.286609, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -6.11474, "energy": 9.932649, "activity_lines": [ 1866.0, 1834.909091, 1854.952381, 1881.505376 ] }, { "date": "2026-04-10", "close": 1980.0, "volume": 51, "typical_volume": 106.5, "trend": 1914.666667, "fair_value": 2269.972503, "relative_strength": -8.396701, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.728712, "energy": 25.836815, "activity_lines": [ 1917.333333, 1863.454545, 1864.428571, 1885.784946 ] }, { "date": "2026-04-17", "close": 1930.0, "volume": 49, "typical_volume": 102.95, "trend": 1913.0, "fair_value": 2262.630216, "relative_strength": -12.540142, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.325129, "energy": 31.59201, "activity_lines": [ 1937.333333, 1880.181818, 1869.238095, 1886.774194 ] }, { "date": "2026-04-24", "close": 1680.0, "volume": 311, "typical_volume": 116.2, "trend": 1903.333333, "fair_value": 2253.176615, "relative_strength": -21.623978, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -49.974074, "energy": 29.401262, "activity_lines": [ 1862.0, 1849.272727, 1850.238095, 1871.741935 ] }, { "date": "2026-05-01", "close": 1710.0, "volume": 21, "typical_volume": 96.2, "trend": 1895.0, "fair_value": 2244.742042, "relative_strength": -18.878503, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.691075, "energy": 41.810965, "activity_lines": [ 1802.666667, 1826.545455, 1835.047619, 1859.268817 ] }, { "date": "2026-05-08", "close": 1750.0, "volume": 147, "typical_volume": 97.75, "trend": 1886.666667, "fair_value": 2237.009035, "relative_strength": -17.019873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.255574, "energy": 55.036076, "activity_lines": [ 1764.666667, 1812.909091, 1824.47619, 1849.913978 ] }, { "date": "2026-05-15", "close": 1820.0, "volume": 74, "typical_volume": 88.6, "trend": 1883.0, "fair_value": 2230.233495, "relative_strength": -12.415085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.219415, "energy": 45.717084, "activity_lines": [ 1768.0, 1813.272727, 1821.714286, 1845.612903 ] }, { "date": "2026-05-22", "close": 1750.0, "volume": 12, "typical_volume": 87.7, "trend": 1874.666667, "fair_value": 2222.118925, "relative_strength": -18.414103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.086215, "energy": 58.846049, "activity_lines": [ 1758.666667, 1799.818182, 1813.142857, 1837.032258 ] }, { "date": "2026-05-29", "close": 1850.0, "volume": 103, "typical_volume": 88.5, "trend": 1869.0, "fair_value": 2215.154131, "relative_strength": -13.307221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.535694, "energy": 24.142152, "activity_lines": [ 1794.666667, 1804.545455, 1815.047619, 1835.44086 ] }, { "date": "2026-06-05", "close": 1780.0, "volume": 16, "typical_volume": 88.15, "trend": 1860.333333, "fair_value": 2207.486244, "relative_strength": -15.590601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.466694, "energy": 18.274243, "activity_lines": [ 1796.0, 1795.090909, 1810.809524, 1829.698925 ] }, { "date": "2026-06-12", "close": 1790.0, "volume": 0, "typical_volume": 84.35, "trend": 1855.0, "fair_value": 2200.200428, "relative_strength": -14.599179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.228631, "energy": 18.095393, "activity_lines": [ 1796.0, 1788.363636, 1808.0, 1825.16129 ] }, { "date": "2026-06-19", "close": 1840.0, "volume": 21, "typical_volume": 78.1, "trend": 1849.666667, "fair_value": 2194.12544, "relative_strength": -13.522719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.641214, "energy": 13.737597, "activity_lines": [ 1810.0, 1794.909091, 1810.52381, 1824.193548 ] }, { "date": "2026-06-26", "close": 1700.0, "volume": 0, "typical_volume": 74.9, "trend": 1842.0, "fair_value": 2187.280201, "relative_strength": -18.956819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.250162, "energy": 31.411642, "activity_lines": [ 1776.0, 1778.545455, 1799.666667, 1814.537634 ] }, { "date": "2026-07-03", "close": 1720.0, "volume": 7, "typical_volume": 71.9, "trend": 1836.666667, "fair_value": 2181.389888, "relative_strength": -19.792641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.011444, "energy": 47.006185, "activity_lines": [ 1752.0, 1770.0, 1791.238095, 1806.666667 ] }, { "date": "2026-07-10", "close": 1700.0, "volume": 52, "typical_volume": 72.4, "trend": 1830.666667, "fair_value": 2173.145586, "relative_strength": -18.486205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.868388, "energy": 55.977726, "activity_lines": [ 1730.0, 1757.090909, 1781.428571, 1797.849462 ] }, { "date": "2026-07-17", "close": 1680.0, "volume": 45, "typical_volume": 72.2, "trend": 1820.333333, "fair_value": 2165.981362, "relative_strength": -18.118323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.591372, "energy": 66.702742, "activity_lines": [ 1706.666667, 1740.727273, 1770.238095, 1788.129032 ] }, { "date": "2026-07-24", "close": 1700.0, "volume": 33, "typical_volume": 63.1, "trend": 1810.333333, "fair_value": 2158.818156, "relative_strength": -17.955057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.75898, "energy": 68.434761, "activity_lines": [ 1697.333333, 1729.272727, 1761.619048, 1780.365591 ] }, { "date": "2026-07-31", "close": 1730.0, "volume": 4, "typical_volume": 61.6, "trend": 1803.0, "fair_value": 2152.038039, "relative_strength": -17.09178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.834513, "energy": 57.363948, "activity_lines": [ 1707.333333, 1725.454545, 1756.142857, 1775.182796 ] }, { "date": "2026-08-07", "close": 1660.0, "volume": 344, "typical_volume": 73.7, "trend": 1793.0, "fair_value": 2145.127172, "relative_strength": -21.297926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.508292, "energy": 66.21986, "activity_lines": [ 1692.0, 1709.272727, 1744.095238, 1765.956989 ] } ], "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." } } }