{ "ticker": { "uuid": "20f513e3-1b50-461a-860c-1b35ffea7883", "symbol": "TGBHOTELS", "name": "TGB Banquets and Hotels Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 69.671, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -23.86, "architecture_energy": 10.069, "architecture_maturity": 20.637, "architecture_confidence": 82.443, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 46.29, "rotation_up": 26.04, "upward_expansion": 15.86, "deceleration": 35.6, "rotation_down": 36.13, "downward_expansion": 63.53 }, "activity_lines": [ 9.062667, 8.985091, 9.070714, 9.084022 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 9.3, "trend_reference": 9.138333, "distance_from_trend": 0.017691, "trend_direction": "Weakening", "fair_value": 12.528846, "distance_from_fair_value": -0.257713, "fair_value_direction": "Weakening", "relative_strength": -5.828405, "relative_strength_direction": "Improving", "price_momentum": -0.005348, "excess_performance": 0.038362, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.017691, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.043874, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.257713, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.008017, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.058284, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.018114, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.005348, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.540898, "read": "Supply-led" } ], "volume": { "latest": 181469, "relative_activity": 0.992038, "balance": 0.540898, "dry_up": 2.465685, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.083706, "annualized_volatility": 0.361139, "from_high_reference": -0.30597, "from_low_reference": 0.24 }, "levels": { "trend_reference": 9.138333, "fair_value_reference": 12.528846, "structural_low": 7.5, "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": 18, "median_return": -0.00364, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.006899, "regime_survival": 0.777778, "best_return": 0.233645, "worst_return": -0.146873, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.0444, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.066778, "regime_survival": 0.428571, "best_return": 0.378882, "worst_return": -0.146091, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.015962, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.00078, "regime_survival": 0.2, "best_return": 0.372671, "worst_return": -0.269547, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.077746, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.232456, "regime_survival": 0.0, "best_return": 0.125714, "worst_return": -0.281207, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-06", "end": "2023-10-27", "tenure": "New", "return": 0.15, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-03", "end": "2024-01-05", "tenure": "Developing", "return": 0.148594, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-12", "end": "2024-02-09", "tenure": "Developing", "return": 0.083067, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-16", "end": "2024-03-22", "tenure": "Developing", "return": -0.13253, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-29", "end": "2024-04-19", "tenure": "New", "return": 0.044828, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-11-15", "tenure": "Extended", "return": -0.050492, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-06-13", "tenure": "Extended", "return": -0.187243, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": -0.040217, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.054972, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-11-21", "tenure": "Established", "return": -0.087903, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.050373, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-04-24", "tenure": "Established", "return": -0.016145, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-07-10", "tenure": "Developing", "return": -0.081527, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.072664, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.5, "volume": 120621, "typical_volume": 259501.35, "trend": 9.831667, "fair_value": 8.694231, "relative_strength": -16.282448, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.903801, "energy": 27.454884, "activity_lines": [ 9.64, 9.777273, 10.194762, 10.021075 ] }, { "date": "2023-08-25", "close": 9.8, "volume": 267986, "typical_volume": 269354.35, "trend": 9.8, "fair_value": 8.708333, "relative_strength": -13.275354, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.24966, "energy": 16.827554, "activity_lines": [ 9.696667, 9.742727, 10.155714, 10.019032 ] }, { "date": "2023-09-01", "close": 11.05, "volume": 1419120, "typical_volume": 338182.95, "trend": 9.858333, "fair_value": 8.740705, "relative_strength": -2.852451, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.582661, "energy": 20.623752, "activity_lines": [ 10.153333, 9.953636, 10.230476, 10.099677 ] }, { "date": "2023-09-08", "close": 10.8, "volume": 992845, "typical_volume": 384474.5, "trend": 9.876667, "fair_value": 8.771474, "relative_strength": -6.291755, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.153632, "energy": 24.399917, "activity_lines": [ 10.43, 10.113636, 10.27119, 10.16043 ] }, { "date": "2023-09-15", "close": 10.0, "volume": 421756, "typical_volume": 399833.3, "trend": 9.876667, "fair_value": 8.799038, "relative_strength": -14.150187, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.129026, "energy": 21.089378, "activity_lines": [ 10.363333, 10.123636, 10.227619, 10.168387 ] }, { "date": "2023-09-22", "close": 9.7, "volume": 141844, "typical_volume": 399940.8, "trend": 9.91, "fair_value": 8.832051, "relative_strength": -13.952143, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.934742, "energy": 11.668386, "activity_lines": [ 10.186667, 10.075455, 10.151905, 10.156989 ] }, { "date": "2023-09-29", "close": 10.0, "volume": 245361, "typical_volume": 289941.05, "trend": 9.975, "fair_value": 8.863782, "relative_strength": -10.743744, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.842477, "energy": 5.629567, "activity_lines": [ 10.096667, 10.084545, 10.104048, 10.162796 ] }, { "date": "2023-10-06", "close": 10.0, "volume": 197380, "typical_volume": 279236.9, "trend": 10.013333, "fair_value": 8.892628, "relative_strength": -10.378316, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.315611, "energy": 8.62676, "activity_lines": [ 9.993333, 10.085455, 10.072143, 10.164409 ] }, { "date": "2023-10-13", "close": 10.25, "volume": 291481, "typical_volume": 287805.95, "trend": 10.068333, "fair_value": 8.920833, "relative_strength": -8.142241, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.125774, "energy": 5.77759, "activity_lines": [ 10.043333, 10.124545, 10.073571, 10.179677 ] }, { "date": "2023-10-20", "close": 11.75, "volume": 1652082, "typical_volume": 364738.2, "trend": 10.185, "fair_value": 8.963782, "relative_strength": 6.55374, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.932179, "energy": 39.534728, "activity_lines": [ 10.63, 10.425455, 10.22119, 10.288172 ] }, { "date": "2023-10-27", "close": 11.5, "volume": 651479, "typical_volume": 390268.8, "trend": 10.301667, "fair_value": 9.007051, "relative_strength": 7.350976, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.124757, "energy": 49.801428, "activity_lines": [ 11.016667, 10.646364, 10.341905, 10.373011 ] }, { "date": "2023-11-03", "close": 12.45, "volume": 1447010, "typical_volume": 457412.8, "trend": 10.426667, "fair_value": 9.05609, "relative_strength": 14.996192, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.192085, "energy": 67.640347, "activity_lines": [ 11.6, 11.003636, 10.552619, 10.511613 ] }, { "date": "2023-11-10", "close": 12.9, "volume": 1769057, "typical_volume": 537465.75, "trend": 10.56, "fair_value": 9.105449, "relative_strength": 17.91735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.416725, "energy": 75.411483, "activity_lines": [ 12.17, 11.394545, 10.798333, 10.671183 ] }, { "date": "2023-11-17", "close": 12.9, "volume": 538317, "typical_volume": 556138.75, "trend": 10.686667, "fair_value": 9.15641, "relative_strength": 15.887367, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.212093, "energy": 74.932055, "activity_lines": [ 12.546667, 11.751818, 11.03381, 10.822151 ] }, { "date": "2023-11-24", "close": 16.9, "volume": 3598693, "typical_volume": 723990.55, "trend": 10.941667, "fair_value": 9.233333, "relative_strength": 50.01161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.126597, "energy": 90.342977, "activity_lines": [ 14.08, 12.798182, 11.639048, 11.223011 ] }, { "date": "2023-12-01", "close": 16.799999, "volume": 1732272, "typical_volume": 801368.7, "trend": 11.183333, "fair_value": 9.307372, "relative_strength": 44.558821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.300397, "energy": 92.107392, "activity_lines": [ 15.236666, 13.700909, 12.200952, 11.600968 ] }, { "date": "2023-12-08", "close": 19.9, "volume": 760230, "typical_volume": 827274.6, "trend": 11.401667, "fair_value": 9.390385, "relative_strength": 63.605467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.294373, "energy": 96.941616, "activity_lines": [ 17.073333, 15.038182, 13.025, 12.163333 ] }, { "date": "2023-12-15", "close": 18.1, "volume": 76745, "typical_volume": 826809.75, "trend": 11.605, "fair_value": 9.466667, "relative_strength": 45.043226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.028987, "energy": 89.77901, "activity_lines": [ 17.813333, 15.868182, 13.628333, 12.595484 ] }, { "date": "2023-12-22", "close": 16.4, "volume": 60470, "typical_volume": 822802.45, "trend": 11.786667, "fair_value": 9.533333, "relative_strength": 31.731106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.51217, "energy": 83.832556, "activity_lines": [ 17.64, 16.241818, 14.029286, 12.904839 ] }, { "date": "2023-12-29", "close": 15.2, "volume": 40347, "typical_volume": 821254.8, "trend": 11.923333, "fair_value": 9.59359, "relative_strength": 20.008653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.376873, "energy": 58.824143, "activity_lines": [ 16.833333, 16.285454, 14.283809, 13.125054 ] }, { "date": "2024-01-05", "close": 14.3, "volume": 365838, "typical_volume": 833515.65, "trend": 12.02, "fair_value": 9.645192, "relative_strength": 13.080349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.969007, "energy": 36.390443, "activity_lines": [ 15.84, 16.102727, 14.427143, 13.278387 ] }, { "date": "2024-01-12", "close": 15.65, "volume": 181757, "typical_volume": 829204.2, "trend": 12.181667, "fair_value": 9.707372, "relative_strength": 22.484016, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.209341, "energy": 25.239521, "activity_lines": [ 15.463333, 16.114545, 14.67619, 13.512581 ] }, { "date": "2024-01-19", "close": 15.95, "volume": 566862, "typical_volume": 786591.3, "trend": 12.355, "fair_value": 9.773397, "relative_strength": 25.897254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.511492, "energy": 25.275144, "activity_lines": [ 15.47, 16.122727, 14.925952, 13.755699 ] }, { "date": "2024-01-26", "close": 16.15, "volume": 204943, "typical_volume": 747196.2, "trend": 12.541667, "fair_value": 9.843269, "relative_strength": 28.472247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.132688, "energy": 24.481125, "activity_lines": [ 15.686667, 16.111818, 15.171429, 14.000538 ] }, { "date": "2024-02-02", "close": 16.1, "volume": 275658, "typical_volume": 739891.3, "trend": 12.751667, "fair_value": 9.913782, "relative_strength": 24.261174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.74584, "energy": 29.933787, "activity_lines": [ 15.903333, 16.032727, 15.386667, 14.230107 ] }, { "date": "2024-02-09", "close": 16.950001, "volume": 474001, "typical_volume": 756499.15, "trend": 12.988333, "fair_value": 9.990385, "relative_strength": 30.386464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.747389, "energy": 39.35315, "activity_lines": [ 16.343334, 16.122727, 15.65381, 14.500968 ] }, { "date": "2024-02-16", "close": 16.6, "volume": 303964, "typical_volume": 759429.3, "trend": 13.223333, "fair_value": 10.067308, "relative_strength": 25.406713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.141237, "energy": 36.569026, "activity_lines": [ 16.49, 16.146364, 15.853095, 14.733979 ] }, { "date": "2024-02-23", "close": 17.049999, "volume": 305773, "typical_volume": 764848.95, "trend": 13.471667, "fair_value": 10.149038, "relative_strength": 26.715538, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.380022, "energy": 40.462313, "activity_lines": [ 16.723333, 16.311818, 16.063809, 14.98086 ] }, { "date": "2024-03-01", "close": 17.049999, "volume": 419119, "typical_volume": 771230.85, "trend": 13.718333, "fair_value": 10.226282, "relative_strength": 24.789373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.453633, "energy": 42.177337, "activity_lines": [ 16.883333, 16.496363, 16.240952, 15.21172 ] }, { "date": "2024-03-08", "close": 15.05, "volume": 563740, "typical_volume": 716813.75, "trend": 13.891667, "fair_value": 10.291346, "relative_strength": 8.842848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.480534, "energy": 27.734297, "activity_lines": [ 16.316666, 16.305454, 16.195238, 15.297634 ] }, { "date": "2024-03-15", "close": 12.75, "volume": 382930, "typical_volume": 703386.3, "trend": 14.0, "fair_value": 10.341987, "relative_strength": -6.045676, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -6.749259, "energy": 11.857103, "activity_lines": [ 15.053333, 15.699091, 15.914762, 15.223978 ] }, { "date": "2024-03-22", "close": 14.4, "volume": 218992, "typical_volume": 641985.4, "trend": 14.153333, "fair_value": 10.405769, "relative_strength": 5.219419, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 4.92985, "energy": 18.736948, "activity_lines": [ 14.62, 15.420909, 15.785476, 15.249785 ] }, { "date": "2024-03-29", "close": 14.5, "volume": 340908, "typical_volume": 570577.95, "trend": 14.268333, "fair_value": 10.470513, "relative_strength": 4.247467, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.34636, "energy": 22.155496, "activity_lines": [ 14.366667, 15.183636, 15.656428, 15.27215 ] }, { "date": "2024-04-05", "close": 16.65, "volume": 272521, "typical_volume": 557288.15, "trend": 14.463333, "fair_value": 10.547115, "relative_strength": 17.819829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.420082, "energy": 19.433705, "activity_lines": [ 15.0, 15.363636, 15.724524, 15.425806 ] }, { "date": "2024-04-12", "close": 15.75, "volume": 365498, "typical_volume": 395628.4, "trend": 14.655, "fair_value": 10.618269, "relative_strength": 10.743782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.416908, "energy": 6.937691, "activity_lines": [ 15.36, 15.370909, 15.689048, 15.508817 ] }, { "date": "2024-04-19", "close": 15.15, "volume": 355331, "typical_volume": 326781.35, "trend": 14.836667, "fair_value": 10.6875, "relative_strength": 7.765789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.910522, "energy": 12.728716, "activity_lines": [ 15.473333, 15.275454, 15.601905, 15.540753 ] }, { "date": "2024-04-26", "close": 15.25, "volume": 350160, "typical_volume": 306277.85, "trend": 15.011667, "fair_value": 10.75641, "relative_strength": 6.613335, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.506715, "energy": 12.7525, "activity_lines": [ 15.46, 15.230909, 15.532143, 15.567419 ] }, { "date": "2024-05-03", "close": 14.95, "volume": 469766, "typical_volume": 325928.9, "trend": 15.176667, "fair_value": 10.821474, "relative_strength": 3.828484, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.897014, "energy": 3.593577, "activity_lines": [ 15.29, 15.156364, 15.455952, 15.563441 ] }, { "date": "2024-05-10", "close": 15.95, "volume": 402701, "typical_volume": 343040.45, "trend": 15.366667, "fair_value": 10.883654, "relative_strength": 12.905706, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.416848, "energy": 2.877481, "activity_lines": [ 15.423333, 15.301818, 15.49, 15.613333 ] }, { "date": "2024-05-17", "close": 16.85, "volume": 1005723, "typical_volume": 391309.25, "trend": 15.536667, "fair_value": 10.955128, "relative_strength": 16.776662, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.78001, "energy": 19.4543, "activity_lines": [ 15.903333, 15.630909, 15.611905, 15.709032 ] }, { "date": "2024-05-24", "close": 15.45, "volume": 419694, "typical_volume": 394002.05, "trend": 15.668333, "fair_value": 11.016026, "relative_strength": 4.530305, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.73252, "energy": 7.801825, "activity_lines": [ 15.843333, 15.672727, 15.592619, 15.703441 ] }, { "date": "2024-05-31", "close": 14.15, "volume": 495531, "typical_volume": 409690.75, "trend": 15.725, "fair_value": 11.064103, "relative_strength": -2.538132, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.601505, "energy": 20.073747, "activity_lines": [ 15.33, 15.429091, 15.444048, 15.605484 ] }, { "date": "2024-06-07", "close": 14.55, "volume": 537733, "typical_volume": 408234.3, "trend": 15.78, "fair_value": 11.105128, "relative_strength": -3.081632, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.835504, "energy": 25.370379, "activity_lines": [ 15.023333, 15.262727, 15.340714, 15.529677 ] }, { "date": "2024-06-14", "close": 15.35, "volume": 2107512, "typical_volume": 503362.75, "trend": 15.861667, "fair_value": 11.144551, "relative_strength": 1.23966, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.824434, "energy": 27.328388, "activity_lines": [ 15.01, 15.240909, 15.320238, 15.501935 ] }, { "date": "2024-06-21", "close": 16.84, "volume": 1684597, "typical_volume": 573809.7, "trend": 15.859667, "fair_value": 11.2025, "relative_strength": 10.436812, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.042511, "energy": 5.616502, "activity_lines": [ 15.533333, 15.513636, 15.445476, 15.565054 ] }, { "date": "2024-06-28", "close": 16.959999, "volume": 1895154, "typical_volume": 644867.35, "trend": 15.865, "fair_value": 11.254167, "relative_strength": 8.360798, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.862065, "energy": 15.669345, "activity_lines": [ 16.097333, 15.788363, 15.578619, 15.636043 ] }, { "date": "2024-07-05", "close": 16.85, "volume": 627362, "typical_volume": 661037.25, "trend": 15.763333, "fair_value": 11.303846, "relative_strength": 5.692201, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.434295, "energy": 27.575962, "activity_lines": [ 16.524, 16.010182, 15.701238, 15.699591 ] }, { "date": "2024-07-12", "close": 16.610001, "volume": 1287012, "typical_volume": 710099.2, "trend": 15.713667, "fair_value": 11.353269, "relative_strength": 2.901974, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.563526, "energy": 41.64454, "activity_lines": [ 16.690667, 16.159273, 15.79981, 15.754215 ] }, { "date": "2024-07-19", "close": 15.1, "volume": 693574, "typical_volume": 723821.95, "trend": 15.670333, "fair_value": 11.396859, "relative_strength": -6.920736, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.633161, "energy": 28.884037, "activity_lines": [ 16.216667, 16.003636, 15.756667, 15.714624 ] }, { "date": "2024-07-26", "close": 16.75, "volume": 1555872, "typical_volume": 773428.55, "trend": 15.722, "fair_value": 11.451667, "relative_strength": 1.438427, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.916769, "energy": 23.35087, "activity_lines": [ 16.309333, 16.163455, 15.879952, 15.78428 ] }, { "date": "2024-08-02", "close": 17.030001, "volume": 1420630, "typical_volume": 825313.55, "trend": 15.813, "fair_value": 11.506987, "relative_strength": 3.043136, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.44629, "energy": 23.5836, "activity_lines": [ 16.501334, 16.376, 16.02181, 15.868667 ] }, { "date": "2024-08-09", "close": 16.030001, "volume": 461122, "typical_volume": 837420.05, "trend": 15.825667, "fair_value": 11.558462, "relative_strength": -2.038637, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.467225, "energy": 14.698144, "activity_lines": [ 16.355334, 16.378, 16.048048, 15.882667 ] }, { "date": "2024-08-16", "close": 15.15, "volume": 380657, "typical_volume": 839407.5, "trend": 15.799, "fair_value": 11.611346, "relative_strength": -8.400386, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.274499, "energy": 9.883603, "activity_lines": [ 15.970667, 16.185819, 15.982714, 15.839075 ] }, { "date": "2024-08-23", "close": 16.26, "volume": 605792, "typical_volume": 856071.05, "trend": 15.802667, "fair_value": 11.671667, "relative_strength": -3.210201, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.714584, "energy": 12.130025, "activity_lines": [ 16.053334, 16.184546, 16.02, 15.868817 ] }, { "date": "2024-08-30", "close": 16.129999, "volume": 2223433, "typical_volume": 948967.8, "trend": 15.803667, "fair_value": 11.725705, "relative_strength": -5.74359, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.456499, "energy": 13.844502, "activity_lines": [ 16.015333, 16.143091, 16.046762, 15.889936 ] }, { "date": "2024-09-06", "close": 15.53, "volume": 921876, "typical_volume": 977295.05, "trend": 15.756333, "fair_value": 11.778782, "relative_strength": -8.056976, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.52165, "energy": 8.823542, "activity_lines": [ 15.818666, 16.005455, 16.014571, 15.87228 ] }, { "date": "2024-09-13", "close": 15.22, "volume": 841789, "typical_volume": 1001876.5, "trend": 15.710333, "fair_value": 11.81609, "relative_strength": -11.946172, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.80972, "energy": 9.004053, "activity_lines": [ 15.618666, 15.837455, 15.951048, 15.837677 ] }, { "date": "2024-09-20", "close": 15.26, "volume": 480546, "typical_volume": 1002415.5, "trend": 15.650667, "fair_value": 11.858462, "relative_strength": -13.442814, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.262264, "energy": 15.032106, "activity_lines": [ 15.486, 15.706364, 15.891476, 15.808624 ] }, { "date": "2024-09-27", "close": 15.12, "volume": 522986, "typical_volume": 1008429.75, "trend": 15.586333, "fair_value": 11.89641, "relative_strength": -15.670183, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.160268, "energy": 23.257494, "activity_lines": [ 15.299333, 15.574364, 15.817095, 15.774387 ] }, { "date": "2024-10-04", "close": 15.08, "volume": 229618, "typical_volume": 969624.5, "trend": 15.587333, "fair_value": 11.918397, "relative_strength": -12.210172, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.579808, "energy": 26.783188, "activity_lines": [ 15.175333, 15.434727, 15.742857, 15.74172 ] }, { "date": "2024-10-11", "close": 15.62, "volume": 794360, "typical_volume": 988357.8, "trend": 15.683, "fair_value": 11.944167, "relative_strength": -9.15465, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.230987, "energy": 19.642484, "activity_lines": [ 15.301333, 15.423636, 15.728476, 15.743828 ] }, { "date": "2024-10-18", "close": 15.97, "volume": 1323029, "typical_volume": 1029732.7, "trend": 15.735333, "fair_value": 11.981795, "relative_strength": -6.814704, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.282068, "energy": 4.757851, "activity_lines": [ 15.538, 15.501818, 15.746619, 15.762344 ] }, { "date": "2024-10-25", "close": 14.47, "volume": 252031, "typical_volume": 1015447.6, "trend": 15.734333, "fair_value": 12.009487, "relative_strength": -13.203473, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -58.27581, "energy": 26.552776, "activity_lines": [ 15.224667, 15.308364, 15.613238, 15.68071 ] }, { "date": "2024-11-01", "close": 15.54, "volume": 303279, "typical_volume": 925235.95, "trend": 15.697333, "fair_value": 12.044359, "relative_strength": -7.238322, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -42.894792, "energy": 18.194354, "activity_lines": [ 15.320667, 15.321818, 15.582143, 15.668172 ] }, { "date": "2024-11-08", "close": 15.04, "volume": 301841, "typical_volume": 856098.15, "trend": 15.673667, "fair_value": 12.077308, "relative_strength": -9.538269, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -47.251704, "energy": 22.225433, "activity_lines": [ 15.222, 15.257455, 15.502524, 15.625763 ] }, { "date": "2024-11-15", "close": 14.48, "volume": 167994, "typical_volume": 769740.15, "trend": 15.651333, "fair_value": 12.108269, "relative_strength": -10.532494, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -55.994145, "energy": 42.242214, "activity_lines": [ 14.939333, 15.111091, 15.378143, 15.548753 ] }, { "date": "2024-11-22", "close": 14.58, "volume": 106408, "typical_volume": 743692.45, "trend": 15.629, "fair_value": 12.144679, "relative_strength": -10.717059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.891432, "energy": 38.750918, "activity_lines": [ 14.766, 15.002, 15.275095, 15.479634 ] }, { "date": "2024-11-29", "close": 14.92, "volume": 135876, "typical_volume": 686135.65, "trend": 15.628, "fair_value": 12.185513, "relative_strength": -8.942637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.262801, "energy": 40.828902, "activity_lines": [ 14.798667, 14.966364, 15.215238, 15.433892 ] }, { "date": "2024-12-06", "close": 15.58, "volume": 548356, "typical_volume": 678874.75, "trend": 15.615667, "fair_value": 12.22641, "relative_strength": -6.177, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.372814, "energy": 24.961022, "activity_lines": [ 15.021333, 15.056909, 15.226286, 15.430796 ] }, { "date": "2024-12-13", "close": 14.92, "volume": 417222, "typical_volume": 621942.25, "trend": 15.551333, "fair_value": 12.262756, "relative_strength": -9.858514, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.824845, "energy": 18.224062, "activity_lines": [ 15.021333, 15.019091, 15.17219, 15.385914 ] }, { "date": "2024-12-20", "close": 13.95, "volume": 251451, "typical_volume": 563483.3, "trend": 15.501333, "fair_value": 12.295128, "relative_strength": -11.047308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.742252, "energy": 29.326855, "activity_lines": [ 14.706, 14.807818, 15.034429, 15.282602 ] }, { "date": "2024-12-27", "close": 14.09, "volume": 70071, "typical_volume": 543930.75, "trend": 15.499333, "fair_value": 12.32391, "relative_strength": -10.728628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.709943, "energy": 34.020644, "activity_lines": [ 14.472667, 14.652364, 14.924667, 15.191548 ] }, { "date": "2025-01-03", "close": 14.03, "volume": 197832, "typical_volume": 534789.5, "trend": 15.482, "fair_value": 12.35359, "relative_strength": -11.627123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.808505, "energy": 49.058275, "activity_lines": [ 14.252, 14.520182, 14.818429, 15.096753 ] }, { "date": "2025-01-10", "close": 13.98, "volume": 260412, "typical_volume": 517520.5, "trend": 15.436333, "fair_value": 12.374615, "relative_strength": -9.476724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.899154, "energy": 53.031421, "activity_lines": [ 14.074, 14.386909, 14.712762, 14.999849 ] }, { "date": "2025-01-17", "close": 14.23, "volume": 263846, "typical_volume": 419541.15, "trend": 15.349333, "fair_value": 12.403333, "relative_strength": -6.612397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.220371, "energy": 40.463304, "activity_lines": [ 14.086, 14.327455, 14.641762, 14.922022 ] }, { "date": "2025-01-24", "close": 13.33, "volume": 143691, "typical_volume": 380631.9, "trend": 15.228333, "fair_value": 12.429808, "relative_strength": -11.634901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.114933, "energy": 44.302034, "activity_lines": [ 13.844, 14.119091, 14.494095, 14.791742 ] }, { "date": "2025-01-31", "close": 13.01, "volume": 213400, "typical_volume": 349212.45, "trend": 15.100333, "fair_value": 12.45359, "relative_strength": -14.823482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.227352, "energy": 48.741422, "activity_lines": [ 13.536667, 13.873455, 14.326429, 14.648624 ] }, { "date": "2025-02-07", "close": 13.96, "volume": 1938064, "typical_volume": 422088.35, "trend": 15.012, "fair_value": 12.484744, "relative_strength": -8.300013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.599441, "energy": 34.050022, "activity_lines": [ 13.618, 13.829091, 14.259762, 14.575054 ] }, { "date": "2025-02-14", "close": 12.14, "volume": 207604, "typical_volume": 406319.25, "trend": 14.913333, "fair_value": 12.506474, "relative_strength": -17.512516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.094671, "energy": 55.515035, "activity_lines": [ 13.097333, 13.471273, 14.025952, 14.389763 ] }, { "date": "2025-02-21", "close": 12.45, "volume": 572584, "typical_volume": 423467.55, "trend": 14.77, "fair_value": 12.534038, "relative_strength": -14.343048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.443332, "energy": 51.230323, "activity_lines": [ 12.802667, 13.232364, 13.835857, 14.230839 ] }, { "date": "2025-02-28", "close": 11.22, "volume": 205196, "typical_volume": 394009.35, "trend": 14.576333, "fair_value": 12.552436, "relative_strength": -19.844485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.738747, "energy": 60.016583, "activity_lines": [ 12.216667, 12.814727, 13.541143, 14.001806 ] }, { "date": "2025-03-07", "close": 11.25, "volume": 317937, "typical_volume": 343754.75, "trend": 14.417, "fair_value": 12.566859, "relative_strength": -20.744584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.3191, "energy": 67.718214, "activity_lines": [ 11.781333, 12.452182, 13.270238, 13.787204 ] }, { "date": "2025-03-14", "close": 10.54, "volume": 326223, "typical_volume": 347464.35, "trend": 14.263333, "fair_value": 12.564872, "relative_strength": -24.983298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.227495, "energy": 70.284644, "activity_lines": [ 11.226667, 12.012182, 12.95419, 13.537075 ] }, { "date": "2025-03-21", "close": 10.81, "volume": 303609, "typical_volume": 347480.85, "trend": 14.081667, "fair_value": 12.573269, "relative_strength": -25.772913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.341683, "energy": 69.331918, "activity_lines": [ 10.99, 11.684727, 12.682571, 13.31428 ] }, { "date": "2025-03-28", "close": 9.74, "volume": 838139, "typical_volume": 374295.75, "trend": 13.868667, "fair_value": 12.574808, "relative_strength": -33.115225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.141821, "energy": 68.107615, "activity_lines": [ 10.485333, 11.220364, 12.331571, 13.034172 ] }, { "date": "2025-04-04", "close": 10.49, "volume": 152832, "typical_volume": 373537.65, "trend": 13.700667, "fair_value": 12.56641, "relative_strength": -25.378517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.42056, "energy": 55.283099, "activity_lines": [ 10.411333, 10.974, 12.077238, 12.816194 ] }, { "date": "2025-04-11", "close": 10.31, "volume": 104936, "typical_volume": 373464.05, "trend": 13.537, "fair_value": 12.553654, "relative_strength": -25.839384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.064119, "energy": 48.469868, "activity_lines": [ 10.326, 10.746545, 11.824762, 12.597441 ] }, { "date": "2025-04-18", "close": 10.36, "volume": 196694, "typical_volume": 376504.95, "trend": 13.373667, "fair_value": 12.549231, "relative_strength": -28.109326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.640766, "energy": 45.677688, "activity_lines": [ 10.32, 10.577273, 11.597381, 12.392473 ] }, { "date": "2025-04-25", "close": 9.96, "volume": 277273, "typical_volume": 362950.8, "trend": 13.201667, "fair_value": 12.544487, "relative_strength": -30.839392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.818158, "energy": 44.126467, "activity_lines": [ 10.192667, 10.400727, 11.353619, 12.172237 ] }, { "date": "2025-05-02", "close": 9.83, "volume": 79061, "typical_volume": 346042.75, "trend": 13.026667, "fair_value": 12.546282, "relative_strength": -32.033432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.284745, "energy": 44.500031, "activity_lines": [ 10.078667, 10.240182, 11.124238, 11.95471 ] }, { "date": "2025-05-09", "close": 9.37, "volume": 135828, "typical_volume": 340261.6, "trend": 12.818333, "fair_value": 12.544808, "relative_strength": -33.584225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.432903, "energy": 48.224349, "activity_lines": [ 9.805333, 10.043636, 10.875286, 11.718796 ] }, { "date": "2025-05-16", "close": 10.37, "volume": 204911, "typical_volume": 347003.6, "trend": 12.631667, "fair_value": 12.550064, "relative_strength": -28.685496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.182364, "energy": 42.767476, "activity_lines": [ 9.94, 10.062545, 10.743381, 11.560839 ] }, { "date": "2025-05-23", "close": 10.65, "volume": 199912, "typical_volume": 347107.6, "trend": 12.504333, "fair_value": 12.559679, "relative_strength": -25.667524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.388884, "energy": 33.956839, "activity_lines": [ 10.164, 10.148364, 10.655857, 11.432989 ] }, { "date": "2025-05-30", "close": 11.04, "volume": 326100, "typical_volume": 350392.0, "trend": 12.354333, "fair_value": 12.571474, "relative_strength": -22.153954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.348429, "energy": 25.253284, "activity_lines": [ 10.498667, 10.303091, 10.621571, 11.338516 ] }, { "date": "2025-06-06", "close": 11.14, "volume": 120562, "typical_volume": 343227.8, "trend": 12.224333, "fair_value": 12.585192, "relative_strength": -21.771182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.029709, "energy": 21.543489, "activity_lines": [ 10.794667, 10.471818, 10.61081, 11.260172 ] }, { "date": "2025-06-13", "close": 11.85, "volume": 1389695, "typical_volume": 405528.0, "trend": 12.136667, "fair_value": 12.604103, "relative_strength": -15.32811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.52884, "energy": 13.463356, "activity_lines": [ 11.24, 10.744182, 10.682381, 11.236022 ] }, { "date": "2025-06-20", "close": 12.93, "volume": 592629, "typical_volume": 424489.45, "trend": 12.081667, "fair_value": 12.631859, "relative_strength": -8.432729, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.180551, "energy": 24.723062, "activity_lines": [ 11.88, 11.188182, 10.863857, 11.287204 ] }, { "date": "2025-06-27", "close": 12.41, "volume": 170125, "typical_volume": 336092.5, "trend": 11.998, "fair_value": 12.656923, "relative_strength": -13.256797, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.468121, "energy": 36.766793, "activity_lines": [ 12.176, 11.49, 10.99619, 11.308387 ] }, { "date": "2025-07-04", "close": 12.37, "volume": 164863, "typical_volume": 333955.45, "trend": 11.891, "fair_value": 12.680769, "relative_strength": -12.310761, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.736062, "energy": 45.491846, "activity_lines": [ 12.341333, 11.747273, 11.132095, 11.332387 ] }, { "date": "2025-07-11", "close": 11.9, "volume": 111603, "typical_volume": 310906.4, "trend": 11.790333, "fair_value": 12.700962, "relative_strength": -13.987639, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.793704, "energy": 43.620969, "activity_lines": [ 12.261333, 11.875273, 11.222143, 11.332968 ] }, { "date": "2025-07-18", "close": 12.01, "volume": 123180, "typical_volume": 306805.6, "trend": 11.725667, "fair_value": 12.720256, "relative_strength": -12.148531, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.323715, "energy": 22.704335, "activity_lines": [ 12.167333, 11.985636, 11.325286, 11.34714 ] }, { "date": "2025-07-25", "close": 12.25, "volume": 1104473, "typical_volume": 346132.4, "trend": 11.664333, "fair_value": 12.743654, "relative_strength": -9.341794, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.085951, "energy": 21.539874, "activity_lines": [ 12.142667, 12.091636, 11.447524, 11.380968 ] }, { "date": "2025-08-01", "close": 11.69, "volume": 467376, "typical_volume": 353190.05, "trend": 11.586333, "fair_value": 12.760256, "relative_strength": -11.865565, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.795303, "energy": 10.486313, "activity_lines": [ 11.976667, 12.061636, 11.511667, 11.382624 ] }, { "date": "2025-08-08", "close": 11.49, "volume": 320285, "typical_volume": 354023.85, "trend": 11.503333, "fair_value": 12.765321, "relative_strength": -12.071795, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.824887, "energy": 6.51556, "activity_lines": [ 11.792, 11.976364, 11.551286, 11.376409 ] }, { "date": "2025-08-15", "close": 11.37, "volume": 84129, "typical_volume": 316323.35, "trend": 11.408, "fair_value": 12.768333, "relative_strength": -13.453596, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.820426, "energy": 6.731785, "activity_lines": [ 11.626, 11.861091, 11.576238, 11.367806 ] }, { "date": "2025-08-22", "close": 11.52, "volume": 203729, "typical_volume": 318868.2, "trend": 11.347667, "fair_value": 12.778397, "relative_strength": -12.548942, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.491054, "energy": 16.656588, "activity_lines": [ 11.545333, 11.768909, 11.607714, 11.375032 ] }, { "date": "2025-08-29", "close": 11.65, "volume": 849456, "typical_volume": 356094.2, "trend": 11.302333, "fair_value": 12.781603, "relative_strength": -9.423773, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.99058, "energy": 15.332403, "activity_lines": [ 11.540667, 11.706364, 11.646667, 11.394538 ] }, { "date": "2025-09-05", "close": 11.68, "volume": 107447, "typical_volume": 351631.85, "trend": 11.226333, "fair_value": 12.771859, "relative_strength": -9.840434, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.146655, "energy": 9.886251, "activity_lines": [ 11.586, 11.672545, 11.682095, 11.418903 ] }, { "date": "2025-09-12", "close": 11.65, "volume": 192117, "typical_volume": 347374.05, "trend": 11.21, "fair_value": 12.763846, "relative_strength": -10.961748, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.822669, "energy": 8.53707, "activity_lines": [ 11.622, 11.646545, 11.708381, 11.446237 ] }, { "date": "2025-09-19", "close": 12.91, "volume": 964301, "typical_volume": 391636.05, "trend": 11.225333, "fair_value": 12.769359, "relative_strength": -1.86501, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 59.749974, "energy": 37.038538, "activity_lines": [ 12.067333, 11.862727, 11.846619, 11.555914 ] }, { "date": "2025-09-26", "close": 11.89, "volume": 250577, "typical_volume": 397373.5, "trend": 11.247667, "fair_value": 12.775705, "relative_strength": -6.824979, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 43.956597, "energy": 31.85324, "activity_lines": [ 12.07, 11.875091, 11.873048, 11.598796 ] }, { "date": "2025-10-03", "close": 12.37, "volume": 214698, "typical_volume": 397862.85, "trend": 11.285, "fair_value": 12.782564, "relative_strength": -3.61689, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.732986, "energy": 38.621478, "activity_lines": [ 12.208, 11.976909, 11.93319, 11.671204 ] }, { "date": "2025-10-10", "close": 11.58, "volume": 112948, "typical_volume": 393514.65, "trend": 11.319667, "fair_value": 12.783718, "relative_strength": -10.608652, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 41.027848, "energy": 25.815151, "activity_lines": [ 12.034667, 11.932909, 11.908571, 11.690237 ] }, { "date": "2025-10-17", "close": 11.54, "volume": 148909, "typical_volume": 384655.1, "trend": 11.344, "fair_value": 12.785897, "relative_strength": -11.74663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.058554, "energy": 10.03156, "activity_lines": [ 11.854667, 11.883636, 11.875714, 11.704452 ] }, { "date": "2025-10-24", "close": 11.78, "volume": 44482, "typical_volume": 380851.1, "trend": 11.412, "fair_value": 12.781603, "relative_strength": -9.725321, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.783302, "energy": 11.498703, "activity_lines": [ 11.762, 11.877091, 11.863333, 11.732581 ] }, { "date": "2025-10-31", "close": 11.4, "volume": 66727, "typical_volume": 314702.7, "trend": 11.442333, "fair_value": 12.782885, "relative_strength": -11.730962, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.971343, "energy": 9.476447, "activity_lines": [ 11.618, 11.794, 11.811714, 11.731806 ] }, { "date": "2025-11-07", "close": 11.48, "volume": 113546, "typical_volume": 290748.55, "trend": 11.481333, "fair_value": 12.779551, "relative_strength": -9.71378, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.293485, "energy": 10.150736, "activity_lines": [ 11.533333, 11.727636, 11.769857, 11.734237 ] }, { "date": "2025-11-14", "close": 11.2, "volume": 209077, "typical_volume": 292696.15, "trend": 11.509333, "fair_value": 12.780513, "relative_strength": -12.720089, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.086738, "energy": 22.74307, "activity_lines": [ 11.414667, 11.613455, 11.708238, 11.716086 ] }, { "date": "2025-11-21", "close": 10.48, "volume": 105038, "typical_volume": 289704.9, "trend": 11.526667, "fair_value": 12.777179, "relative_strength": -18.165844, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.303578, "energy": 41.221165, "activity_lines": [ 11.081333, 11.377091, 11.58381, 11.649677 ] }, { "date": "2025-11-28", "close": 10.72, "volume": 74095, "typical_volume": 287829.5, "trend": 11.556333, "fair_value": 12.773141, "relative_strength": -16.034884, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.496163, "energy": 41.600713, "activity_lines": [ 10.898667, 11.205636, 11.491238, 11.597634 ] }, { "date": "2025-12-05", "close": 10.18, "volume": 150183, "typical_volume": 289179.65, "trend": 11.583333, "fair_value": 12.766923, "relative_strength": -19.442934, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.687434, "energy": 59.00849, "activity_lines": [ 10.606667, 10.975818, 11.352857, 11.508839 ] }, { "date": "2025-12-12", "close": 9.91, "volume": 118398, "typical_volume": 239875.9, "trend": 11.568, "fair_value": 12.741026, "relative_strength": -20.456083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.578948, "energy": 64.72014, "activity_lines": [ 10.306, 10.728, 11.197476, 11.400882 ] }, { "date": "2025-12-19", "close": 9.68, "volume": 64736, "typical_volume": 219743.9, "trend": 11.535667, "fair_value": 12.724551, "relative_strength": -21.370031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.688398, "energy": 66.91502, "activity_lines": [ 10.033333, 10.483091, 11.031333, 11.279075 ] }, { "date": "2025-12-26", "close": 9.77, "volume": 47606, "typical_volume": 206109.95, "trend": 11.493333, "fair_value": 12.704167, "relative_strength": -20.169133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.3318, "energy": 67.927019, "activity_lines": [ 9.892, 10.289091, 10.883333, 11.165161 ] }, { "date": "2026-01-02", "close": 9.59, "volume": 82337, "typical_volume": 206020.35, "trend": 11.441667, "fair_value": 12.688077, "relative_strength": -21.787016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.25867, "energy": 67.654067, "activity_lines": [ 9.738, 10.094545, 10.726381, 11.042366 ] }, { "date": "2026-01-09", "close": 9.36, "volume": 107081, "typical_volume": 201187.95, "trend": 11.358667, "fair_value": 12.672436, "relative_strength": -20.987395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.070756, "energy": 65.983649, "activity_lines": [ 9.582667, 9.898, 10.556, 10.908065 ] }, { "date": "2026-01-16", "close": 9.54, "volume": 33458, "typical_volume": 160388.05, "trend": 11.245667, "fair_value": 12.662436, "relative_strength": -18.682104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.78116, "energy": 60.014848, "activity_lines": [ 9.542, 9.771273, 10.413048, 10.790731 ] }, { "date": "2026-01-23", "close": 9.2, "volume": 69534, "typical_volume": 158492.4, "trend": 11.138667, "fair_value": 12.6525, "relative_strength": -18.841012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.16925, "energy": 58.134813, "activity_lines": [ 9.412667, 9.618, 10.247762, 10.658753 ] }, { "date": "2026-01-30", "close": 9.36, "volume": 85241, "typical_volume": 153148.6, "trend": 11.038333, "fair_value": 12.652885, "relative_strength": -17.673675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.114894, "energy": 49.278131, "activity_lines": [ 9.368667, 9.530182, 10.109524, 10.544 ] }, { "date": "2026-02-06", "close": 9.35, "volume": 35704, "typical_volume": 106718.75, "trend": 10.953333, "fair_value": 12.647115, "relative_strength": -18.154235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.280136, "energy": 44.54939, "activity_lines": [ 9.348667, 9.460909, 9.981238, 10.435075 ] }, { "date": "2026-02-13", "close": 9.65, "volume": 75156, "typical_volume": 97947.7, "trend": 10.874667, "fair_value": 12.644872, "relative_strength": -14.231287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.729727, "energy": 39.170728, "activity_lines": [ 9.444667, 9.471091, 9.898476, 10.350989 ] }, { "date": "2026-02-20", "close": 9.46, "volume": 226143, "typical_volume": 98519.95, "trend": 10.781667, "fair_value": 12.649744, "relative_strength": -15.601865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.690937, "energy": 30.083943, "activity_lines": [ 9.458, 9.456364, 9.808286, 10.25972 ] }, { "date": "2026-02-27", "close": 9.24, "volume": 216906, "typical_volume": 103717.85, "trend": 10.7, "fair_value": 12.657372, "relative_strength": -15.761283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.066867, "energy": 33.445818, "activity_lines": [ 9.403333, 9.409818, 9.711, 10.160258 ] }, { "date": "2026-03-06", "close": 8.96, "volume": 162447, "typical_volume": 104394.75, "trend": 10.615667, "fair_value": 12.658077, "relative_strength": -15.386677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.711338, "energy": 35.991392, "activity_lines": [ 9.252667, 9.320364, 9.59819, 10.048 ] }, { "date": "2026-03-13", "close": 9.47, "volume": 168688, "typical_volume": 110605.05, "trend": 10.552333, "fair_value": 12.663654, "relative_strength": -5.292503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.169787, "energy": 30.182689, "activity_lines": [ 9.298667, 9.338364, 9.546238, 9.974086 ] }, { "date": "2026-03-20", "close": 8.23, "volume": 204873, "typical_volume": 117512.35, "trend": 10.442667, "fair_value": 12.663526, "relative_strength": -17.168932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.130135, "energy": 41.346458, "activity_lines": [ 8.923333, 9.133091, 9.38719, 9.824258 ] }, { "date": "2026-03-27", "close": 7.98, "volume": 395713, "typical_volume": 131620.7, "trend": 10.320333, "fair_value": 12.663397, "relative_strength": -18.411979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.199166, "energy": 51.255733, "activity_lines": [ 8.559333, 8.902909, 9.219429, 9.665376 ] }, { "date": "2026-04-03", "close": 8.13, "volume": 56903, "typical_volume": 124012.0, "trend": 10.202, "fair_value": 12.659744, "relative_strength": -16.112063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.278617, "energy": 51.275526, "activity_lines": [ 8.344, 8.728364, 9.082619, 9.524065 ] }, { "date": "2026-04-10", "close": 9.44, "volume": 111833, "typical_volume": 124351.75, "trend": 10.128333, "fair_value": 12.663205, "relative_strength": -7.766176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.301544, "energy": 37.333134, "activity_lines": [ 8.639333, 8.811455, 9.08519, 9.474903 ] }, { "date": "2026-04-17", "close": 9.98, "volume": 515038, "typical_volume": 146398.9, "trend": 10.030667, "fair_value": 12.668846, "relative_strength": -3.596111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.881992, "energy": 15.241625, "activity_lines": [ 9.082667, 8.991273, 9.144143, 9.465333 ] }, { "date": "2026-04-24", "close": 9.75, "volume": 133709, "typical_volume": 145575.2, "trend": 9.959333, "fair_value": 12.672051, "relative_strength": -3.994793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.672044, "energy": 14.04673, "activity_lines": [ 9.415333, 9.117818, 9.184714, 9.447226 ] }, { "date": "2026-05-01", "close": 9.69, "volume": 59473, "typical_volume": 142628.95, "trend": 9.87, "fair_value": 12.672949, "relative_strength": -4.981784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.758224, "energy": 15.313493, "activity_lines": [ 9.626667, 9.231636, 9.221619, 9.429849 ] }, { "date": "2026-05-08", "close": 9.49, "volume": 176492, "typical_volume": 148216.75, "trend": 9.800333, "fair_value": 12.648205, "relative_strength": -7.639797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.247609, "energy": 14.291385, "activity_lines": [ 9.657333, 9.304909, 9.240524, 9.405333 ] }, { "date": "2026-05-15", "close": 9.16, "volume": 76767, "typical_volume": 149674.8, "trend": 9.721, "fair_value": 12.63, "relative_strength": -8.731395, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.308651, "energy": 10.22563, "activity_lines": [ 9.487333, 9.313636, 9.228905, 9.364022 ] }, { "date": "2026-05-22", "close": 9.11, "volume": 56676, "typical_volume": 148391.75, "trend": 9.632, "fair_value": 12.618205, "relative_strength": -9.337126, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.003087, "energy": 7.065849, "activity_lines": [ 9.319333, 9.309636, 9.215429, 9.324602 ] }, { "date": "2026-05-29", "close": 9.17, "volume": 178425, "typical_volume": 151958.95, "trend": 9.557667, "fair_value": 12.605833, "relative_strength": -7.838247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.126127, "energy": 14.17926, "activity_lines": [ 9.229333, 9.323091, 9.209952, 9.294796 ] }, { "date": "2026-06-05", "close": 9.16, "volume": 2809, "typical_volume": 150426.5, "trend": 9.480333, "fair_value": 12.591474, "relative_strength": -6.998842, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.274338, "energy": 17.179181, "activity_lines": [ 9.174667, 9.317636, 9.204429, 9.26914 ] }, { "date": "2026-06-12", "close": 8.98, "volume": 35843, "typical_volume": 148741.95, "trend": 9.406333, "fair_value": 12.579808, "relative_strength": -9.404944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.179095, "energy": 19.670565, "activity_lines": [ 9.095333, 9.258, 9.183571, 9.23686 ] }, { "date": "2026-06-19", "close": 9.1, "volume": 9814, "typical_volume": 144970.6, "trend": 9.360333, "fair_value": 12.569231, "relative_strength": -9.119966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.668907, "energy": 20.906793, "activity_lines": [ 9.09, 9.204727, 9.17519, 9.217097 ] }, { "date": "2026-06-26", "close": 8.93, "volume": 0, "typical_volume": 143185.4, "trend": 9.300667, "fair_value": 12.558846, "relative_strength": -10.511096, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.40927, "energy": 29.194493, "activity_lines": [ 9.032, 9.126727, 9.151857, 9.189333 ] }, { "date": "2026-07-03", "close": 8.81, "volume": 11063, "typical_volume": 139980.75, "trend": 9.255, "fair_value": 12.5525, "relative_strength": -11.993927, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.827574, "energy": 34.765898, "activity_lines": [ 8.946, 9.046, 9.119095, 9.157677 ] }, { "date": "2026-07-10", "close": 8.9, "volume": 33805, "typical_volume": 130363.85, "trend": 9.221333, "fair_value": 12.54641, "relative_strength": -10.419377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.937327, "energy": 35.368211, "activity_lines": [ 8.914, 8.998727, 9.098905, 9.134774 ] }, { "date": "2026-07-17", "close": 8.67, "volume": 103382, "typical_volume": 124687.65, "trend": 9.187667, "fair_value": 12.540769, "relative_strength": -12.680976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.595952, "energy": 50.883543, "activity_lines": [ 8.822667, 8.924, 9.059476, 9.099204 ] }, { "date": "2026-07-24", "close": 8.56, "volume": 965797, "typical_volume": 164855.15, "trend": 9.147333, "fair_value": 12.534103, "relative_strength": -11.175666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.672572, "energy": 51.702893, "activity_lines": [ 8.715333, 8.844182, 9.012286, 9.05871 ] }, { "date": "2026-07-31", "close": 9.38, "volume": 553499, "typical_volume": 184095.7, "trend": 9.140333, "fair_value": 12.532372, "relative_strength": -4.714206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.449509, "energy": 17.805292, "activity_lines": [ 8.917333, 8.924364, 9.045095, 9.07372 ] }, { "date": "2026-08-07", "close": 9.3, "volume": 181469, "typical_volume": 182925.5, "trend": 9.138333, "fair_value": 12.528846, "relative_strength": -5.828405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.860497, "energy": 10.069275, "activity_lines": [ 9.062667, 8.985091, 9.070714, 9.084022 ] } ], "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." } } }