{ "ticker": { "uuid": "20dace30-df36-4e14-8a77-44e507b5b409", "symbol": "BABA34", "name": "Alibaba Group Holding Limited", "exchange": "SAO", "country": "BR", "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": "^BVSP", "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": -11.366, "architecture_energy": 21.23, "architecture_maturity": 99.225, "architecture_confidence": 48.918, "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": 50.09, "rotation_up": 38.93, "upward_expansion": 21.42, "deceleration": 44.15, "rotation_down": 17.49, "downward_expansion": 55.42 }, "activity_lines": [ 21.886666, 20.820798, 21.305929, 22.204614 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 23.379999, "trend_reference": 24.048935, "distance_from_trend": -0.027816, "trend_direction": "Weakening", "fair_value": 20.534034, "distance_from_fair_value": 0.138597, "fair_value_direction": "Weakening", "relative_strength": -16.140165, "relative_strength_direction": "Improving", "price_momentum": -0.227107, "excess_performance": -0.170059, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.027816, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.116221, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.138597, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.071975, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.161402, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.079552, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.227107, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.813632, "read": "Supply-led" } ], "volume": { "latest": 1505060, "relative_activity": 1.485976, "balance": 0.813632, "dry_up": 1.293506, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.078965, "annualized_volatility": 0.43328, "from_high_reference": -0.362595, "from_low_reference": 0.376104 }, "levels": { "trend_reference": 24.048935, "fair_value_reference": 20.534034, "structural_low": 16.99, "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": 28, "median_return": -0.023621, "positive_rate": 0.321429, "directional_follow_through": 0.642857, "median_excess_return": -0.041431, "regime_survival": 0.857143, "best_return": 0.234921, "worst_return": -0.21871, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.11352, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.050141, "regime_survival": 0.555556, "best_return": 0.302579, "worst_return": -0.333715, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.132111, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.108455, "regime_survival": 0.4, "best_return": 0.196129, "worst_return": -0.304567, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.000645, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.059971, "regime_survival": 0.0, "best_return": 0.386798, "worst_return": -0.396442, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.094595, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": -0.05354, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.085374, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-08", "tenure": "Established", "return": 0.268519, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2025-02-07", "tenure": "Established", "return": 0.147043, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.117578, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-06-27", "tenure": "Developing", "return": 0.011055, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": 0.098478, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": 0.12484, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": 0.257088, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-11-14", "tenure": "Developing", "return": -0.189636, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-02-27", "tenure": "Established", "return": -0.103834, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": 0.055442, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": 0.005591, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 14.839044, "volume": 2033716, "typical_volume": 2371565.9, "trend": 15.565479, "fair_value": 27.259148, "relative_strength": -8.101671, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.563662, "energy": 23.399624, "activity_lines": [ 15.574978, 15.349626, 14.947705, 15.082326 ] }, { "date": "2023-08-25", "close": 14.820043, "volume": 1074374, "typical_volume": 2361481.65, "trend": 15.378328, "fair_value": 27.014005, "relative_strength": -8.284766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.77073, "energy": 10.413026, "activity_lines": [ 15.312144, 15.302299, 14.937889, 15.034233 ] }, { "date": "2023-09-01", "close": 15.846045, "volume": 706177, "typical_volume": 2272340.1, "trend": 15.291244, "fair_value": 26.784823, "relative_strength": -3.484184, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.470366, "energy": 6.589191, "activity_lines": [ 15.403978, 15.445317, 15.038951, 15.064408 ] }, { "date": "2023-09-08", "close": 15.162045, "volume": 481623, "typical_volume": 2237927.25, "trend": 15.182311, "fair_value": 26.566525, "relative_strength": -5.435299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.213339, "energy": 7.940017, "activity_lines": [ 15.288078, 15.426145, 15.074237, 15.056073 ] }, { "date": "2023-09-15", "close": 14.345042, "volume": 978511, "typical_volume": 2161130.1, "trend": 15.077494, "fair_value": 26.338535, "relative_strength": -12.899523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.481175, "energy": 12.720991, "activity_lines": [ 14.959377, 15.228026, 15.034065, 15.002055 ] }, { "date": "2023-09-22", "close": 14.753543, "volume": 1198887, "typical_volume": 2155191.05, "trend": 15.045827, "fair_value": 26.104812, "relative_strength": -8.312143, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.144355, "energy": 9.543302, "activity_lines": [ 14.87641, 15.116444, 15.032437, 14.981155 ] }, { "date": "2023-09-29", "close": 14.715543, "volume": 1447914, "typical_volume": 2108395.7, "trend": 15.01226, "fair_value": 25.841587, "relative_strength": -8.888814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.463575, "energy": 17.747844, "activity_lines": [ 14.786477, 15.010735, 15.022982, 14.959847 ] }, { "date": "2023-10-06", "close": 15.124044, "volume": 692338, "typical_volume": 1914509.85, "trend": 15.03031, "fair_value": 25.577441, "relative_strength": -4.513971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.045407, "energy": 14.755472, "activity_lines": [ 14.839677, 14.984653, 15.050125, 14.967059 ] }, { "date": "2023-10-13", "close": 14.459043, "volume": 377453, "typical_volume": 1787292.1, "trend": 15.02461, "fair_value": 25.29017, "relative_strength": -10.04579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.972847, "energy": 26.650564, "activity_lines": [ 14.719343, 14.856316, 15.009953, 14.930203 ] }, { "date": "2023-10-20", "close": 13.71804, "volume": 589042, "typical_volume": 1717628.2, "trend": 14.967294, "fair_value": 24.995243, "relative_strength": -12.887127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.243431, "energy": 46.259354, "activity_lines": [ 14.398876, 14.62227, 14.895636, 14.845908 ] }, { "date": "2023-10-27", "close": 14.117041, "volume": 1139181, "typical_volume": 1668994.65, "trend": 14.85076, "fair_value": 24.702143, "relative_strength": -10.766748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.392974, "energy": 48.623955, "activity_lines": [ 14.253208, 14.502051, 14.821174, 14.791053 ] }, { "date": "2023-11-03", "close": 14.193041, "volume": 416454, "typical_volume": 1471972.55, "trend": 14.73771, "fair_value": 24.442962, "relative_strength": -14.203535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -19.3175, "energy": 42.260932, "activity_lines": [ 14.175308, 14.408778, 14.754493, 14.748619 ] }, { "date": "2023-11-10", "close": 13.81304, "volume": 713010, "typical_volume": 1310117.05, "trend": 14.674376, "fair_value": 24.221356, "relative_strength": -18.229589, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.013966, "energy": 52.001424, "activity_lines": [ 14.005574, 14.257814, 14.655602, 14.688963 ] }, { "date": "2023-11-17", "close": 12.967538, "volume": 2838521, "typical_volume": 1301276.85, "trend": 14.584759, "fair_value": 24.000602, "relative_strength": -25.629281, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.750625, "energy": 72.269894, "activity_lines": [ 13.641406, 13.990086, 14.475961, 14.578845 ] }, { "date": "2023-11-24", "close": 13.015038, "volume": 1615842, "typical_volume": 1270030.2, "trend": 14.542959, "fair_value": 23.762492, "relative_strength": -25.397571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.055088, "energy": 73.650913, "activity_lines": [ 13.392506, 13.770895, 14.303332, 14.477572 ] }, { "date": "2023-12-01", "close": 12.217035, "volume": 2339444, "typical_volume": 1256230.95, "trend": 14.487859, "fair_value": 23.542713, "relative_strength": -30.918602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.740057, "energy": 86.600641, "activity_lines": [ 12.924471, 13.430794, 14.064248, 14.327513 ] }, { "date": "2023-12-08", "close": 12.065035, "volume": 863028, "typical_volume": 1200085.8, "trend": 14.415659, "fair_value": 23.326892, "relative_strength": -30.688884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.561217, "energy": 91.300596, "activity_lines": [ 12.532436, 13.109174, 13.826114, 14.171201 ] }, { "date": "2023-12-15", "close": 12.521036, "volume": 1892811, "typical_volume": 1208258.6, "trend": 14.356758, "fair_value": 23.117587, "relative_strength": -29.227137, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.057585, "energy": 84.848911, "activity_lines": [ 12.434269, 12.918656, 13.645433, 14.048968 ] }, { "date": "2023-12-22", "close": 12.562607, "volume": 1616572, "typical_volume": 1223542.9, "trend": 14.318561, "fair_value": 22.902763, "relative_strength": -29.940071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.436584, "energy": 81.97212, "activity_lines": [ 12.436093, 12.783023, 13.485991, 13.933216 ] }, { "date": "2023-12-29", "close": 12.851403, "volume": 931751, "typical_volume": 1197332.45, "trend": 14.276689, "fair_value": 22.715976, "relative_strength": -28.600453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.095352, "energy": 56.653479, "activity_lines": [ 12.561177, 12.734379, 13.370685, 13.838561 ] }, { "date": "2024-01-05", "close": 12.225678, "volume": 1305005, "typical_volume": 1160896.9, "trend": 14.209844, "fair_value": 22.516287, "relative_strength": -30.142697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.885751, "energy": 54.129948, "activity_lines": [ 12.488595, 12.587723, 13.210724, 13.706237 ] }, { "date": "2024-01-12", "close": 11.985016, "volume": 1117386, "typical_volume": 1163047.5, "trend": 14.108376, "fair_value": 22.313594, "relative_strength": -30.046018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.562984, "energy": 57.117051, "activity_lines": [ 12.335217, 12.4317, 13.040288, 13.5627 ] }, { "date": "2024-01-19", "close": 11.782858, "volume": 1244225, "typical_volume": 1189949.9, "trend": 14.042287, "fair_value": 22.080435, "relative_strength": -28.404912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.408196, "energy": 60.538901, "activity_lines": [ 12.119787, 12.279066, 12.864099, 13.412667 ] }, { "date": "2024-01-26", "close": 12.514474, "volume": 2439162, "typical_volume": 1287826.85, "trend": 14.009768, "fair_value": 21.857082, "relative_strength": -23.782551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.379741, "energy": 51.159345, "activity_lines": [ 12.197441, 12.296366, 12.776937, 13.314098 ] }, { "date": "2024-02-02", "close": 12.30269, "volume": 1329775, "typical_volume": 1305390.05, "trend": 13.919206, "fair_value": 21.623845, "relative_strength": -23.168865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.749905, "energy": 47.020138, "activity_lines": [ 12.207709, 12.283398, 12.682211, 13.203964 ] }, { "date": "2024-02-09", "close": 12.235305, "volume": 2906857, "typical_volume": 1390788.55, "trend": 13.811832, "fair_value": 21.389263, "relative_strength": -23.215641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.694641, "energy": 39.976692, "activity_lines": [ 12.232096, 12.271129, 12.590794, 13.095325 ] }, { "date": "2024-02-16", "close": 12.716631, "volume": 506623, "typical_volume": 1343724.0, "trend": 13.735385, "fair_value": 21.162638, "relative_strength": -19.871025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.983819, "energy": 25.592535, "activity_lines": [ 12.416283, 12.346042, 12.557209, 13.024667 ] }, { "date": "2024-02-23", "close": 12.976547, "volume": 1421650, "typical_volume": 1380189.6, "trend": 13.629601, "fair_value": 20.959602, "relative_strength": -18.056848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.809915, "energy": 17.662217, "activity_lines": [ 12.638335, 12.456365, 12.557896, 12.97571 ] }, { "date": "2024-03-01", "close": 12.668499, "volume": 1213784, "typical_volume": 1422006.15, "trend": 13.516716, "fair_value": 20.749111, "relative_strength": -19.176981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.70746, "energy": 17.304246, "activity_lines": [ 12.678125, 12.502397, 12.539472, 12.913703 ] }, { "date": "2024-03-08", "close": 12.55298, "volume": 972096, "typical_volume": 1441158.85, "trend": 13.402197, "fair_value": 20.549206, "relative_strength": -18.039905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.965296, "energy": 13.708481, "activity_lines": [ 12.66914, 12.525501, 12.518572, 12.851527 ] }, { "date": "2024-03-15", "close": 12.629992, "volume": 662169, "typical_volume": 1417308.25, "trend": 13.328562, "fair_value": 20.342122, "relative_strength": -16.741106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.576323, "energy": 11.446109, "activity_lines": [ 12.66914, 12.568032, 12.510555, 12.801707 ] }, { "date": "2024-03-22", "close": 12.370077, "volume": 1293853, "typical_volume": 1461178.2, "trend": 13.246897, "fair_value": 20.138243, "relative_strength": -17.861142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.696812, "energy": 14.79699, "activity_lines": [ 12.556189, 12.555956, 12.484865, 12.739869 ] }, { "date": "2024-03-29", "close": 12.427835, "volume": 833590, "typical_volume": 1467207.2, "trend": 13.132957, "fair_value": 19.936562, "relative_strength": -17.153188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.667052, "energy": 18.992498, "activity_lines": [ 12.485595, 12.547379, 12.473356, 12.687027 ] }, { "date": "2024-04-05", "close": 12.447088, "volume": 659234, "typical_volume": 1358242.85, "trend": 13.042458, "fair_value": 19.739327, "relative_strength": -15.103892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.415865, "energy": 19.771361, "activity_lines": [ 12.457998, 12.530577, 12.470278, 12.642777 ] }, { "date": "2024-04-12", "close": 12.591486, "volume": 1022775, "typical_volume": 1328589.5, "trend": 12.984006, "fair_value": 19.530474, "relative_strength": -12.846213, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.850847, "energy": 17.745483, "activity_lines": [ 12.493296, 12.541253, 12.483429, 12.613682 ] }, { "date": "2024-04-19", "close": 12.312318, "volume": 790495, "typical_volume": 1251142.05, "trend": 12.902632, "fair_value": 19.332559, "relative_strength": -13.470003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.694942, "energy": 19.445386, "activity_lines": [ 12.43297, 12.495921, 12.472011, 12.570347 ] }, { "date": "2024-04-26", "close": 13.274969, "volume": 613860, "typical_volume": 1238683.65, "trend": 12.854613, "fair_value": 19.143615, "relative_strength": -7.240844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.839274, "energy": 5.517001, "activity_lines": [ 12.714706, 12.624216, 12.55182, 12.594369 ] }, { "date": "2024-05-03", "close": 14.131729, "volume": 858810, "typical_volume": 1186983.6, "trend": 12.821536, "fair_value": 18.977702, "relative_strength": -2.413876, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.789206, "energy": 50.695289, "activity_lines": [ 13.221702, 12.898135, 12.707463, 12.676764 ] }, { "date": "2024-05-10", "close": 14.247248, "volume": 944078, "typical_volume": 1153358.9, "trend": 12.814476, "fair_value": 18.829642, "relative_strength": -0.583614, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.006256, "energy": 67.487938, "activity_lines": [ 13.653612, 13.172053, 12.866438, 12.768745 ] }, { "date": "2024-05-17", "close": 15.594961, "volume": 2529330, "typical_volume": 1233237.85, "trend": 12.87704, "fair_value": 18.685045, "relative_strength": 8.488833, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 88.859762, "energy": 90.196631, "activity_lines": [ 14.414749, 13.662305, 13.145745, 12.948131 ] }, { "date": "2024-05-24", "close": 14.593801, "volume": 1721460, "typical_volume": 1254060.6, "trend": 12.892932, "fair_value": 18.535675, "relative_strength": 4.775842, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.059031, "energy": 81.803821, "activity_lines": [ 14.641935, 13.91522, 13.316638, 13.05889 ] }, { "date": "2024-05-31", "close": 14.112475, "volume": 630955, "typical_volume": 1229739.05, "trend": 12.890246, "fair_value": 18.386629, "relative_strength": 3.325376, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.349424, "energy": 77.620521, "activity_lines": [ 14.556579, 14.044915, 13.430414, 13.13757 ] }, { "date": "2024-06-07", "close": 14.237621, "volume": 1311944, "typical_volume": 1233125.0, "trend": 12.904399, "fair_value": 18.242648, "relative_strength": 5.457948, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.548637, "energy": 58.560387, "activity_lines": [ 14.457105, 14.165684, 13.545978, 13.224498 ] }, { "date": "2024-06-14", "close": 13.812454, "volume": 2260419, "typical_volume": 1224187.85, "trend": 12.932563, "fair_value": 18.097038, "relative_strength": 3.451438, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.269464, "energy": 35.339061, "activity_lines": [ 14.208849, 14.176245, 13.609361, 13.283082 ] }, { "date": "2024-06-21", "close": 14.058402, "volume": 615767, "typical_volume": 1188487.45, "trend": 12.967342, "fair_value": 17.93979, "relative_strength": 3.833716, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.21036, "energy": 24.436126, "activity_lines": [ 14.071563, 14.206699, 13.689986, 13.355717 ] }, { "date": "2024-06-28", "close": 14.06824, "volume": 648891, "typical_volume": 1075589.15, "trend": 13.029049, "fair_value": 17.790156, "relative_strength": 1.76684, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.429537, "energy": 21.858883, "activity_lines": [ 14.039992, 14.21227, 13.763188, 13.426742 ] }, { "date": "2024-07-05", "close": 14.274837, "volume": 651004, "typical_volume": 1082808.2, "trend": 13.102709, "fair_value": 17.652321, "relative_strength": 1.563623, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.312758, "energy": 21.769045, "activity_lines": [ 14.112325, 14.223479, 13.847338, 13.507116 ] }, { "date": "2024-07-12", "close": 15.25863, "volume": 907222, "typical_volume": 1057086.8, "trend": 13.193962, "fair_value": 17.514581, "relative_strength": 6.586184, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.023419, "energy": 39.102388, "activity_lines": [ 14.501765, 14.395379, 14.017762, 13.646207 ] }, { "date": "2024-07-19", "close": 14.87495, "volume": 874156, "typical_volume": 1040105.4, "trend": 13.27104, "fair_value": 17.376574, "relative_strength": 5.100066, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.417405, "energy": 39.410474, "activity_lines": [ 14.695244, 14.477031, 14.140778, 13.754658 ] }, { "date": "2024-07-26", "close": 15.179927, "volume": 376244, "typical_volume": 1010312.8, "trend": 13.348657, "fair_value": 17.253614, "relative_strength": 7.644966, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.052817, "energy": 54.538038, "activity_lines": [ 14.919549, 14.60272, 14.282332, 13.877812 ] }, { "date": "2024-08-02", "close": 15.642308, "volume": 928847, "typical_volume": 1023646.7, "trend": 13.462545, "fair_value": 17.127407, "relative_strength": 12.564271, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.49628, "energy": 68.726699, "activity_lines": [ 15.223213, 14.820024, 14.455414, 14.02579 ] }, { "date": "2024-08-09", "close": 15.54393, "volume": 757071, "typical_volume": 996807.6, "trend": 13.581175, "fair_value": 17.011775, "relative_strength": 8.088127, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.4504, "energy": 64.861321, "activity_lines": [ 15.389146, 15.000378, 14.604782, 14.160073 ] }, { "date": "2024-08-16", "close": 16.035826, "volume": 874153, "typical_volume": 998835.75, "trend": 13.722941, "fair_value": 16.930658, "relative_strength": 8.898559, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.565993, "energy": 73.210296, "activity_lines": [ 15.634439, 15.244141, 14.785883, 14.318437 ] }, { "date": "2024-08-23", "close": 16.350641, "volume": 910050, "typical_volume": 1011376.55, "trend": 13.850813, "fair_value": 16.855213, "relative_strength": 9.822846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.547852, "energy": 77.461658, "activity_lines": [ 15.932856, 15.512448, 14.979786, 14.487966 ] }, { "date": "2024-08-30", "close": 16.350641, "volume": 1097568, "typical_volume": 1015116.2, "trend": 13.985745, "fair_value": 16.767162, "relative_strength": 9.775904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.78004, "energy": 69.557813, "activity_lines": [ 16.132894, 15.734607, 15.155101, 14.649245 ] }, { "date": "2024-09-06", "close": 15.858745, "volume": 743080, "typical_volume": 1012745.45, "trend": 14.106526, "fair_value": 16.675653, "relative_strength": 7.86474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.042589, "energy": 57.891854, "activity_lines": [ 16.09092, 15.825653, 15.265667, 14.770084 ] }, { "date": "2024-09-13", "close": 16.478533, "volume": 2091635, "typical_volume": 1086634.2, "trend": 14.231923, "fair_value": 16.597617, "relative_strength": 11.795579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.639868, "energy": 57.293731, "activity_lines": [ 16.241112, 15.996833, 15.418374, 14.923117 ] }, { "date": "2024-09-20", "close": 17.117998, "volume": 621409, "typical_volume": 1074764.15, "trend": 14.369971, "fair_value": 16.537992, "relative_strength": 19.443955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.941771, "energy": 57.331391, "activity_lines": [ 16.542152, 16.244212, 15.616726, 15.109315 ] }, { "date": "2024-09-27", "close": 20.531761, "volume": 1751969, "typical_volume": 1115158.7, "trend": 14.63208, "fair_value": 16.500919, "relative_strength": 40.76278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.538783, "energy": 87.916442, "activity_lines": [ 17.908968, 17.078468, 16.125979, 15.50685 ] }, { "date": "2024-10-04", "close": 21.909071, "volume": 2465411, "typical_volume": 1111962.75, "trend": 14.94395, "fair_value": 16.446551, "relative_strength": 50.385745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.378252, "energy": 97.285472, "activity_lines": [ 19.456147, 18.060294, 16.736478, 15.976333 ] }, { "date": "2024-10-11", "close": 21.810692, "volume": 2378785, "typical_volume": 1144829.0, "trend": 15.249973, "fair_value": 16.38942, "relative_strength": 50.659805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.292089, "energy": 95.154191, "activity_lines": [ 20.59997, 18.901884, 17.30754, 16.419349 ] }, { "date": "2024-10-18", "close": 20.521923, "volume": 1443340, "typical_volume": 1185448.25, "trend": 15.521701, "fair_value": 16.303993, "relative_strength": 40.333761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.335466, "energy": 88.423747, "activity_lines": [ 20.917408, 19.397, 17.721496, 16.759475 ] }, { "date": "2024-10-25", "close": 19.57748, "volume": 1162828, "typical_volume": 1177992.45, "trend": 15.760023, "fair_value": 16.227187, "relative_strength": 33.899755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.35939, "energy": 80.989263, "activity_lines": [ 20.650471, 19.629891, 18.014984, 17.021138 ] }, { "date": "2024-11-01", "close": 20.177595, "volume": 959329, "typical_volume": 1112937.95, "trend": 16.017706, "fair_value": 16.164825, "relative_strength": 39.025275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.348645, "energy": 60.918924, "activity_lines": [ 20.419608, 19.907499, 18.340198, 17.306143 ] }, { "date": "2024-11-08", "close": 18.86915, "volume": 1206189, "typical_volume": 1142459.05, "trend": 16.226962, "fair_value": 16.087316, "relative_strength": 29.577623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.59596, "energy": 40.998266, "activity_lines": [ 19.776207, 19.877627, 18.510488, 17.490107 ] }, { "date": "2024-11-15", "close": 18.465796, "volume": 776770, "typical_volume": 1148853.0, "trend": 16.432078, "fair_value": 16.033346, "relative_strength": 25.977537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.417982, "energy": 27.713909, "activity_lines": [ 19.201017, 19.728628, 18.619454, 17.634548 ] }, { "date": "2024-11-22", "close": 16.97043, "volume": 815744, "typical_volume": 1157090.0, "trend": 16.55526, "fair_value": 15.978316, "relative_strength": 14.049054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.334214, "energy": 22.265005, "activity_lines": [ 18.350364, 19.260342, 18.565065, 17.66928 ] }, { "date": "2024-11-29", "close": 18.475634, "volume": 959356, "typical_volume": 1159696.7, "trend": 16.700057, "fair_value": 15.958025, "relative_strength": 26.491052, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.533875, "energy": 25.900952, "activity_lines": [ 18.238212, 19.056787, 18.641192, 17.793175 ] }, { "date": "2024-12-06", "close": 18.485472, "volume": 833634, "typical_volume": 1157670.6, "trend": 16.841331, "fair_value": 15.924034, "relative_strength": 25.205081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.699198, "energy": 22.224147, "activity_lines": [ 18.202795, 18.830336, 18.702936, 17.908363 ] }, { "date": "2024-12-13", "close": 18.613363, "volume": 1282132, "typical_volume": 1202965.0, "trend": 16.941944, "fair_value": 15.891107, "relative_strength": 26.318487, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.752472, "energy": 15.37839, "activity_lines": [ 18.322817, 18.664343, 18.759668, 18.022688 ] }, { "date": "2024-12-20", "close": 17.708275, "volume": 1522829, "typical_volume": 1232664.1, "trend": 17.04576, "fair_value": 15.857553, "relative_strength": 21.649527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.919543, "energy": 8.316716, "activity_lines": [ 18.158196, 18.39371, 18.713852, 18.072129 ] }, { "date": "2024-12-27", "close": 18.495308, "volume": 357313, "typical_volume": 1212676.2, "trend": 17.191854, "fair_value": 15.827218, "relative_strength": 27.796775, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.407571, "energy": 8.886036, "activity_lines": [ 18.30642, 18.340764, 18.733153, 18.165648 ] }, { "date": "2025-01-03", "close": 18.455957, "volume": 393419, "typical_volume": 1188639.5, "trend": 17.332466, "fair_value": 15.786035, "relative_strength": 28.100771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.560461, "energy": 11.359598, "activity_lines": [ 18.339869, 18.317511, 18.734652, 18.247203 ] }, { "date": "2025-01-10", "close": 17.462326, "volume": 657455, "typical_volume": 1176009.75, "trend": 17.454128, "fair_value": 15.739639, "relative_strength": 19.823992, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.001074, "energy": 8.032508, "activity_lines": [ 18.04342, 18.133989, 18.629995, 18.255581 ] }, { "date": "2025-01-17", "close": 18.121468, "volume": 599236, "typical_volume": 1151093.15, "trend": 17.589564, "fair_value": 15.709648, "relative_strength": 19.747984, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.634762, "energy": 10.860962, "activity_lines": [ 18.034894, 18.119679, 18.58282, 18.298635 ] }, { "date": "2025-01-24", "close": 18.524822, "volume": 643929, "typical_volume": 1146135.6, "trend": 17.738116, "fair_value": 15.693265, "relative_strength": 21.293276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.011001, "energy": 10.907399, "activity_lines": [ 18.193612, 18.192301, 18.565627, 18.358974 ] }, { "date": "2025-01-31", "close": 20.344839, "volume": 2675304, "typical_volume": 1175319.05, "trend": 17.94045, "fair_value": 15.684225, "relative_strength": 28.04065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.40055, "energy": 25.957448, "activity_lines": [ 18.904566, 18.594761, 18.709073, 18.52715 ] }, { "date": "2025-02-07", "close": 21.181065, "volume": 1552193, "typical_volume": 1221858.25, "trend": 18.137864, "fair_value": 15.680302, "relative_strength": 33.40989, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.97665, "energy": 56.924746, "activity_lines": [ 19.770961, 19.08791, 18.913749, 18.736222 ] }, { "date": "2025-02-14", "close": 25.017857, "volume": 3220101, "typical_volume": 1295264.85, "trend": 18.475961, "fair_value": 15.708099, "relative_strength": 50.956838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.597857, "energy": 85.808066, "activity_lines": [ 21.734612, 20.229468, 19.464486, 19.180092 ] }, { "date": "2025-02-21", "close": 28.972706, "volume": 3515245, "typical_volume": 1347756.55, "trend": 18.93572, "fair_value": 15.773549, "relative_strength": 73.034664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.277039, "energy": 97.651684, "activity_lines": [ 24.512844, 21.971318, 20.370512, 19.857302 ] }, { "date": "2025-02-28", "close": 27.428148, "volume": 3308630, "typical_volume": 1394248.8, "trend": 19.328582, "fair_value": 15.839755, "relative_strength": 66.538234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.365505, "energy": 93.784866, "activity_lines": [ 26.052807, 23.243988, 21.095802, 20.4052 ] }, { "date": "2025-03-07", "close": 28.520159, "volume": 1764686, "typical_volume": 1410316.1, "trend": 19.761123, "fair_value": 15.925992, "relative_strength": 66.975968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.361823, "energy": 93.577088, "activity_lines": [ 27.363219, 24.538481, 21.898343, 20.998205 ] }, { "date": "2025-03-14", "close": 28.372591, "volume": 2787306, "typical_volume": 1491540.0, "trend": 20.172348, "fair_value": 15.98997, "relative_strength": 58.376389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.106286, "energy": 90.198983, "activity_lines": [ 28.07942, 25.623873, 22.648742, 21.553784 ] }, { "date": "2025-03-21", "close": 27.024794, "volume": 3487969, "typical_volume": 1617972.0, "trend": 20.528153, "fair_value": 16.046953, "relative_strength": 44.849284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.818036, "energy": 76.475167, "activity_lines": [ 27.866921, 26.283909, 23.228899, 21.995877 ] }, { "date": "2025-03-28", "close": 26.641115, "volume": 1351237, "typical_volume": 1625224.4, "trend": 20.871169, "fair_value": 16.105982, "relative_strength": 41.249893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.409359, "energy": 64.422292, "activity_lines": [ 27.392733, 26.700321, 23.739909, 22.390262 ] }, { "date": "2025-04-04", "close": 23.630709, "volume": 2809700, "typical_volume": 1726870.9, "trend": 21.130235, "fair_value": 16.151194, "relative_strength": 28.352168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.486255, "energy": 42.813189, "activity_lines": [ 26.070515, 26.414485, 23.927205, 22.568297 ] }, { "date": "2025-04-11", "close": 22.076317, "volume": 5716723, "typical_volume": 1971919.85, "trend": 21.316827, "fair_value": 16.195638, "relative_strength": 18.361949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.803062, "energy": 24.955669, "activity_lines": [ 24.48333, 25.753197, 23.941868, 22.629334 ] }, { "date": "2025-04-18", "close": 22.145182, "volume": 1029811, "typical_volume": 1975442.6, "trend": 21.4844, "fair_value": 16.246918, "relative_strength": 15.824852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.080618, "energy": 26.753606, "activity_lines": [ 23.348689, 25.072949, 23.938776, 22.682776 ] }, { "date": "2025-04-25", "close": 23.945522, "volume": 695407, "typical_volume": 1968531.25, "trend": 21.598192, "fair_value": 16.296158, "relative_strength": 19.377527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.188093, "energy": 26.762579, "activity_lines": [ 23.229321, 24.702507, 24.089671, 22.841558 ] }, { "date": "2025-05-02", "close": 24.840775, "volume": 608330, "typical_volume": 1934841.15, "trend": 21.695916, "fair_value": 16.356131, "relative_strength": 22.311783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.702518, "energy": 23.719861, "activity_lines": [ 23.613657, 24.514334, 24.299829, 23.050757 ] }, { "date": "2025-05-09", "close": 24.81126, "volume": 818237, "typical_volume": 1899611.55, "trend": 21.795935, "fair_value": 16.419264, "relative_strength": 19.858224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.954661, "energy": 13.851468, "activity_lines": [ 24.108176, 24.395921, 24.47752, 23.251747 ] }, { "date": "2025-05-16", "close": 24.584988, "volume": 1418084, "typical_volume": 1952650.1, "trend": 21.93137, "fair_value": 16.485148, "relative_strength": 15.676648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.059871, "energy": 20.634811, "activity_lines": [ 24.448569, 24.283947, 24.599839, 23.431686 ] }, { "date": "2025-05-23", "close": 24.05374, "volume": 1430448, "typical_volume": 2004501.55, "trend": 22.080579, "fair_value": 16.543364, "relative_strength": 13.479895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.981616, "energy": 22.274148, "activity_lines": [ 24.444634, 24.146932, 24.642563, 23.568613 ] }, { "date": "2025-05-30", "close": 22.922377, "volume": 689111, "typical_volume": 2006084.35, "trend": 22.172072, "fair_value": 16.593414, "relative_strength": 8.072723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.860258, "energy": 12.658019, "activity_lines": [ 23.93634, 23.882739, 24.550883, 23.622923 ] }, { "date": "2025-06-06", "close": 23.247028, "volume": 2093821, "typical_volume": 2080813.6, "trend": 22.318001, "fair_value": 16.623988, "relative_strength": 9.627595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.296589, "energy": 9.438147, "activity_lines": [ 23.604474, 23.752162, 24.464122, 23.692275 ] }, { "date": "2025-06-13", "close": 22.35, "volume": 1765249, "typical_volume": 2136879.6, "trend": 22.447474, "fair_value": 16.652161, "relative_strength": 3.93523, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.880011, "energy": 16.65973, "activity_lines": [ 23.079847, 23.5202, 24.267522, 23.694339 ] }, { "date": "2025-06-20", "close": 22.309999, "volume": 1005077, "typical_volume": 2053368.25, "trend": 22.62546, "fair_value": 16.661138, "relative_strength": 3.229146, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.538433, "energy": 26.456564, "activity_lines": [ 22.705972, 23.304251, 24.048897, 23.68547 ] }, { "date": "2025-06-27", "close": 22.389999, "volume": 697109, "typical_volume": 2010614.05, "trend": 22.755939, "fair_value": 16.67008, "relative_strength": 3.158582, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.867741, "energy": 32.8113, "activity_lines": [ 22.510428, 23.098599, 23.828534, 23.670279 ] }, { "date": "2025-07-04", "close": 21.02, "volume": 702773, "typical_volume": 1884747.65, "trend": 22.840423, "fair_value": 16.666403, "relative_strength": -6.712401, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.061056, "energy": 54.115262, "activity_lines": [ 21.969135, 22.639405, 23.471937, 23.558283 ] }, { "date": "2025-07-11", "close": 21.01, "volume": 1083025, "typical_volume": 1763136.65, "trend": 22.920311, "fair_value": 16.681358, "relative_strength": -3.552212, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.021581, "energy": 59.315713, "activity_lines": [ 21.551333, 22.231583, 23.133426, 23.440191 ] }, { "date": "2025-07-18", "close": 23.879999, "volume": 2083582, "typical_volume": 1701884.25, "trend": 23.126035, "fair_value": 16.714832, "relative_strength": 11.093624, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.786689, "energy": 27.340633, "activity_lines": [ 22.239333, 22.415231, 23.106165, 23.502107 ] }, { "date": "2025-07-25", "close": 23.719999, "volume": 1051748, "typical_volume": 1666237.35, "trend": 23.300191, "fair_value": 16.766098, "relative_strength": 9.466712, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.046051, "energy": 13.658641, "activity_lines": [ 22.771999, 22.586719, 23.080562, 23.540427 ] }, { "date": "2025-08-01", "close": 23.09, "volume": 1292213, "typical_volume": 1591482.7, "trend": 23.454659, "fair_value": 16.80961, "relative_strength": 6.800369, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.865194, "energy": 9.180414, "activity_lines": [ 23.000666, 22.659389, 23.017817, 23.526866 ] }, { "date": "2025-08-08", "close": 23.469999, "volume": 978147, "typical_volume": 1465991.6, "trend": 23.654915, "fair_value": 16.855802, "relative_strength": 5.116923, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.314913, "energy": 23.158792, "activity_lines": [ 23.309333, 22.818673, 23.016418, 23.527856 ] }, { "date": "2025-08-15", "close": 23.23, "volume": 2093739, "typical_volume": 1503116.7, "trend": 23.8252, "fair_value": 16.903805, "relative_strength": 3.103856, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.313135, "energy": 19.059663, "activity_lines": [ 23.374666, 22.924363, 23.00909, 23.500442 ] }, { "date": "2025-08-22", "close": 23.950001, "volume": 723280, "typical_volume": 1398795.7, "trend": 24.006039, "fair_value": 16.949603, "relative_strength": 4.401815, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.599882, "energy": 10.39331, "activity_lines": [ 23.532, 23.161273, 23.086576, 23.508494 ] }, { "date": "2025-08-29", "close": 26.4, "volume": 4163837, "typical_volume": 1321151.4, "trend": 24.207878, "fair_value": 17.014699, "relative_strength": 11.414738, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.996872, "energy": 36.507349, "activity_lines": [ 24.501333, 23.814545, 23.395875, 23.662943 ] }, { "date": "2025-09-05", "close": 26.1, "volume": 1632383, "typical_volume": 1351280.0, "trend": 24.371842, "fair_value": 17.07915, "relative_strength": 8.39776, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.381991, "energy": 50.962909, "activity_lines": [ 25.192, 24.338909, 23.656014, 23.785015 ] }, { "date": "2025-09-12", "close": 29.5, "volume": 2684492, "typical_volume": 1450734.25, "trend": 24.521247, "fair_value": 17.170451, "relative_strength": 21.654905, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.980497, "energy": 75.980059, "activity_lines": [ 26.815333, 25.414, 24.22113, 24.115864 ] }, { "date": "2025-09-19", "close": 31.0, "volume": 1646707, "typical_volume": 1502653.1, "trend": 24.588823, "fair_value": 17.27898, "relative_strength": 23.549778, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.730076, "energy": 84.307377, "activity_lines": [ 28.536667, 26.607636, 24.902653, 24.533848 ] }, { "date": "2025-09-26", "close": 32.810001, "volume": 1880032, "typical_volume": 1555742.85, "trend": 24.768218, "fair_value": 17.394909, "relative_strength": 30.108123, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.595409, "energy": 96.13898, "activity_lines": [ 30.343334, 27.948727, 25.727227, 25.064247 ] }, { "date": "2025-10-03", "close": 35.700001, "volume": 1443781, "typical_volume": 1557027.7, "trend": 25.007547, "fair_value": 17.531617, "relative_strength": 41.515061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.066296, "energy": 97.493246, "activity_lines": [ 32.522667, 29.652909, 26.78895, 25.769523 ] }, { "date": "2025-10-10", "close": 31.049999, "volume": 2698018, "typical_volume": 1620406.2, "trend": 25.096793, "fair_value": 17.645764, "relative_strength": 25.43318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.86157, "energy": 87.078703, "activity_lines": [ 32.532, 30.293818, 27.354888, 26.159359 ] }, { "date": "2025-10-17", "close": 32.139999, "volume": 1390854, "typical_volume": 1655493.35, "trend": 25.2673, "fair_value": 17.770796, "relative_strength": 26.450468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.270825, "energy": 78.964752, "activity_lines": [ 32.574666, 30.988182, 27.991319, 26.613759 ] }, { "date": "2025-10-24", "close": 33.43, "volume": 1451630, "typical_volume": 1623383.8, "trend": 25.493596, "fair_value": 17.911344, "relative_strength": 27.948093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.75432, "energy": 66.415505, "activity_lines": [ 32.871333, 31.759454, 28.706714, 27.140385 ] }, { "date": "2025-10-31", "close": 32.919998, "volume": 2117723, "typical_volume": 1641007.5, "trend": 25.803239, "fair_value": 18.046004, "relative_strength": 22.333796, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.912508, "energy": 57.264824, "activity_lines": [ 32.835999, 32.252545, 29.325047, 27.619507 ] }, { "date": "2025-11-07", "close": 31.799999, "volume": 2120539, "typical_volume": 1696780.6, "trend": 26.127362, "fair_value": 18.16843, "relative_strength": 13.985518, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.315022, "energy": 50.639463, "activity_lines": [ 32.419999, 32.378909, 29.786381, 28.006395 ] }, { "date": "2025-11-14", "close": 28.93, "volume": 3791264, "typical_volume": 1851488.35, "trend": 26.353523, "fair_value": 18.259487, "relative_strength": 0.865444, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.129759, "energy": 35.59198, "activity_lines": [ 31.307333, 31.885272, 29.92919, 28.18721 ] }, { "date": "2025-11-21", "close": 29.469999, "volume": 2123874, "typical_volume": 1922543.4, "trend": 26.537672, "fair_value": 18.359365, "relative_strength": 4.069978, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.770904, "energy": 23.053278, "activity_lines": [ 30.515999, 31.438363, 30.092285, 28.388273 ] }, { "date": "2025-11-28", "close": 29.82, "volume": 3153303, "typical_volume": 2026057.3, "trend": 26.703646, "fair_value": 18.448089, "relative_strength": 2.02435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.602177, "energy": 25.126267, "activity_lines": [ 30.019333, 31.055636, 30.248476, 28.600036 ] }, { "date": "2025-12-05", "close": 30.68, "volume": 1499959, "typical_volume": 1996876.15, "trend": 26.899271, "fair_value": 18.540073, "relative_strength": 5.570242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.242195, "energy": 23.171261, "activity_lines": [ 30.05, 30.850727, 30.444619, 28.856575 ] }, { "date": "2025-12-12", "close": 29.809999, "volume": 1745767, "typical_volume": 2031577.1, "trend": 27.073438, "fair_value": 18.630864, "relative_strength": 0.033525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.276046, "energy": 18.414989, "activity_lines": [ 29.94, 30.526363, 30.525523, 29.044364 ] }, { "date": "2025-12-19", "close": 29.9, "volume": 1076343, "typical_volume": 2020783.6, "trend": 27.268313, "fair_value": 18.726252, "relative_strength": 1.328491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.332742, "energy": 12.293489, "activity_lines": [ 29.992666, 30.325454, 30.586, 29.226723 ] }, { "date": "2025-12-26", "close": 30.41, "volume": 442489, "typical_volume": 1994000.7, "trend": 27.517901, "fair_value": 18.819367, "relative_strength": 1.136346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.967696, "energy": 13.299435, "activity_lines": [ 30.150666, 30.238181, 30.662619, 29.429413 ] }, { "date": "2026-01-02", "close": 29.91, "volume": 945401, "typical_volume": 1936583.8, "trend": 27.74, "fair_value": 18.889242, "relative_strength": -0.617721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.054159, "energy": 11.297738, "activity_lines": [ 30.079333, 30.091454, 30.658571, 29.583742 ] }, { "date": "2026-01-09", "close": 28.76, "volume": 2304556, "typical_volume": 2015647.6, "trend": 27.953666, "fair_value": 18.943341, "relative_strength": -6.374492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.61267, "energy": 6.54157, "activity_lines": [ 29.618667, 29.799636, 30.51319, 29.649548 ] }, { "date": "2026-01-16", "close": 31.66, "volume": 2741662, "typical_volume": 1944538.85, "trend": 28.265333, "fair_value": 19.010427, "relative_strength": 1.714136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.509503, "energy": 18.9427, "activity_lines": [ 30.252667, 30.110727, 30.621095, 29.888666 ] }, { "date": "2026-01-23", "close": 32.650002, "volume": 1798469, "typical_volume": 1952843.15, "trend": 28.607333, "fair_value": 19.088731, "relative_strength": -3.657027, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.584833, "energy": 27.961598, "activity_lines": [ 31.093334, 30.604364, 30.798238, 30.171548 ] }, { "date": "2026-01-30", "close": 32.049999, "volume": 1979379, "typical_volume": 1917587.5, "trend": 28.975, "fair_value": 19.175856, "relative_strength": -6.879499, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.582436, "energy": 34.956407, "activity_lines": [ 31.550667, 30.921273, 30.887047, 30.393656 ] }, { "date": "2026-02-06", "close": 30.25, "volume": 2041995, "typical_volume": 1937351.9, "trend": 29.283, "fair_value": 19.251624, "relative_strength": -12.830462, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.013168, "energy": 30.241679, "activity_lines": [ 31.298667, 30.864, 30.792286, 30.475914 ] }, { "date": "2026-02-13", "close": 28.92, "volume": 2529780, "typical_volume": 1969839.3, "trend": 29.451, "fair_value": 19.324897, "relative_strength": -17.900444, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.76034, "energy": 9.84463, "activity_lines": [ 30.580667, 30.557091, 30.574428, 30.452494 ] }, { "date": "2026-02-20", "close": 28.389999, "volume": 361802, "typical_volume": 1915740.35, "trend": 29.606667, "fair_value": 19.40622, "relative_strength": -20.48801, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.308205, "energy": 13.1177, "activity_lines": [ 29.675333, 30.185818, 30.324619, 30.384043 ] }, { "date": "2026-02-27", "close": 26.41, "volume": 1215481, "typical_volume": 1841613.5, "trend": 29.717333, "fair_value": 19.474729, "relative_strength": -24.703998, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.888706, "energy": 52.003871, "activity_lines": [ 28.328, 29.480364, 29.921047, 30.177806 ] }, { "date": "2026-03-06", "close": 24.35, "volume": 2613370, "typical_volume": 1902739.3, "trend": 29.746667, "fair_value": 19.537341, "relative_strength": -26.225241, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.602437, "energy": 72.631709, "activity_lines": [ 26.71, 28.463818, 29.343381, 29.831527 ] }, { "date": "2026-03-13", "close": 25.700001, "volume": 1243774, "typical_volume": 1892346.5, "trend": 29.829, "fair_value": 19.608303, "relative_strength": -20.7607, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.575117, "energy": 80.417663, "activity_lines": [ 26.055334, 27.802909, 28.931381, 29.570452 ] }, { "date": "2026-03-20", "close": 23.25, "volume": 1836750, "typical_volume": 1878297.85, "trend": 29.805667, "fair_value": 19.658382, "relative_strength": -27.176987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.778012, "energy": 87.115643, "activity_lines": [ 24.887334, 26.773091, 28.322857, 29.146 ] }, { "date": "2026-03-27", "close": 22.83, "volume": 1285342, "typical_volume": 1836538.0, "trend": 29.686667, "fair_value": 19.691824, "relative_strength": -30.02874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.775957, "energy": 86.938484, "activity_lines": [ 23.957334, 25.767091, 27.720381, 28.695957 ] }, { "date": "2026-04-03", "close": 22.540001, "volume": 1170152, "typical_volume": 1705482.4, "trend": 29.568, "fair_value": 19.72359, "relative_strength": -32.830343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.507067, "energy": 84.401503, "activity_lines": [ 23.301334, 24.868909, 27.133, 28.234882 ] }, { "date": "2026-04-10", "close": 22.559963, "volume": 1063040, "typical_volume": 1652440.7, "trend": 29.336665, "fair_value": 19.767481, "relative_strength": -35.522877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.752524, "energy": 81.275752, "activity_lines": [ 22.909988, 24.158175, 26.577949, 27.78275 ] }, { "date": "2026-04-17", "close": 24.812981, "volume": 1514014, "typical_volume": 1570476.25, "trend": 29.130431, "fair_value": 19.826179, "relative_strength": -28.164508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.483339, "energy": 60.901882, "activity_lines": [ 23.388984, 24.029627, 26.270376, 27.4909 ] }, { "date": "2026-04-24", "close": 24.138067, "volume": 1035059, "typical_volume": 1547231.25, "trend": 28.841367, "fair_value": 19.889442, "relative_strength": -27.88854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.204864, "energy": 52.424251, "activity_lines": [ 23.702143, 23.877222, 25.922368, 27.168812 ] }, { "date": "2026-05-01", "close": 23.175325, "volume": 1304312, "typical_volume": 1525158.5, "trend": 28.423878, "fair_value": 19.949091, "relative_strength": -29.030604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.738314, "energy": 49.480497, "activity_lines": [ 23.635184, 23.636717, 25.513823, 26.803261 ] }, { "date": "2026-05-08", "close": 24.227394, "volume": 1310662, "typical_volume": 1536874.45, "trend": 28.196458, "fair_value": 20.01317, "relative_strength": -24.095336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.794852, "energy": 36.273209, "activity_lines": [ 23.895893, 23.68231, 25.237068, 26.53252 ] }, { "date": "2026-05-15", "close": 23.820461, "volume": 2257667, "typical_volume": 1627633.35, "trend": 27.91914, "fair_value": 20.074276, "relative_strength": -22.132518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.209588, "energy": 35.500156, "activity_lines": [ 23.908465, 23.693599, 24.948571, 26.250197 ] }, { "date": "2026-05-22", "close": 22.97682, "volume": 1054319, "typical_volume": 1633079.25, "trend": 27.5707, "fair_value": 20.133688, "relative_strength": -24.059032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.502893, "energy": 42.171213, "activity_lines": [ 23.55579, 23.561126, 24.611105, 25.931338 ] }, { "date": "2026-05-29", "close": 22.143105, "volume": 782617, "typical_volume": 1556982.3, "trend": 27.211471, "fair_value": 20.185198, "relative_strength": -25.461768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.848594, "energy": 47.203147, "activity_lines": [ 23.04762, 23.326581, 24.227253, 25.581171 ] }, { "date": "2026-06-05", "close": 22.033928, "volume": 197481, "typical_volume": 1429773.25, "trend": 26.885935, "fair_value": 20.235216, "relative_strength": -23.387926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.272349, "energy": 52.82446, "activity_lines": [ 22.636056, 23.092312, 23.864512, 25.247136 ] }, { "date": "2026-06-12", "close": 20.379999, "volume": 181110, "typical_volume": 1348905.3, "trend": 26.600935, "fair_value": 20.269517, "relative_strength": -29.66586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.869434, "energy": 75.332817, "activity_lines": [ 21.749275, 22.571802, 23.390093, 24.827398 ] }, { "date": "2026-06-19", "close": 19.73, "volume": 42671, "typical_volume": 1252069.9, "trend": 26.276268, "fair_value": 20.307751, "relative_strength": -30.515858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.810014, "energy": 88.385486, "activity_lines": [ 20.902321, 21.972383, 22.912198, 24.384112 ] }, { "date": "2026-06-26", "close": 17.49, "volume": 327845, "typical_volume": 1166362.4, "trend": 25.865268, "fair_value": 20.333392, "relative_strength": -39.650119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.038807, "energy": 94.740029, "activity_lines": [ 19.581397, 21.017145, 22.279635, 23.817256 ] }, { "date": "2026-07-03", "close": 17.85, "volume": 35611, "typical_volume": 1041653.95, "trend": 25.437601, "fair_value": 20.351536, "relative_strength": -38.424375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.158218, "energy": 92.134013, "activity_lines": [ 18.746262, 20.260507, 21.742121, 23.300142 ] }, { "date": "2026-07-10", "close": 20.379999, "volume": 1454481, "typical_volume": 1096287.9, "trend": 25.123268, "fair_value": 20.383096, "relative_strength": -30.802259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.833381, "energy": 80.241824, "activity_lines": [ 19.040666, 20.078197, 21.498273, 22.973845 ] }, { "date": "2026-07-17", "close": 21.08, "volume": 1374391, "typical_volume": 1104233.4, "trend": 24.829268, "fair_value": 20.422006, "relative_strength": -26.220475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.81151, "energy": 57.568238, "activity_lines": [ 19.678666, 20.073984, 21.359235, 22.712989 ] }, { "date": "2026-07-24", "close": 20.299999, "volume": 1538112, "typical_volume": 1050470.5, "trend": 24.492268, "fair_value": 20.448608, "relative_strength": -28.574877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.050856, "energy": 41.694776, "activity_lines": [ 20.009999, 19.985178, 21.171292, 22.420778 ] }, { "date": "2026-07-31", "close": 21.99, "volume": 822912, "typical_volume": 1029427.4, "trend": 24.228268, "fair_value": 20.486653, "relative_strength": -23.893287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.116073, "energy": 25.246365, "activity_lines": [ 20.866666, 20.267653, 21.163587, 22.259341 ] }, { "date": "2026-08-07", "close": 23.379999, "volume": 1505060, "typical_volume": 1012842.9, "trend": 24.048935, "fair_value": 20.534034, "relative_strength": -16.140165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.365819, "energy": 21.229817, "activity_lines": [ 21.886666, 20.820798, 21.305929, 22.204614 ] } ], "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." } } }