{ "ticker": { "uuid": "23fa129e-e675-4f2d-bf61-a3a4845c6861", "symbol": "GLPI", "name": "Gaming & Leisure Properties", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 80.831, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": -25.877, "architecture_energy": 15.9, "architecture_maturity": 14.11, "architecture_confidence": 77.862, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 48.91, "rotation_up": 27.82, "upward_expansion": 12.78, "deceleration": 61.78, "rotation_down": 38.82, "downward_expansion": 40.78 }, "activity_lines": [ 44.580667, 44.706528, 45.315147, 45.450594 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 44.14, "trend_reference": 45.431619, "distance_from_trend": -0.02843, "trend_direction": "Improving", "fair_value": 42.66879, "distance_from_fair_value": 0.03448, "fair_value_direction": "Weakening", "relative_strength": -13.299598, "relative_strength_direction": "Weakening", "price_momentum": 0.00703, "excess_performance": -0.180424, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.02843, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.021349, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.03448, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.088641, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.132996, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026501, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.00703, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.74682, "read": "Supply-led" } ], "volume": { "latest": 10582473, "relative_activity": 0.979067, "balance": 0.74682, "dry_up": 0.992691, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.047144, "annualized_volatility": 0.205633, "from_high_reference": -0.086315, "from_low_reference": 0.10854 }, "levels": { "trend_reference": 45.431619, "fair_value_reference": 42.66879, "structural_low": 42.68, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": 0.011015, "positive_rate": 0.652174, "directional_follow_through": 0.652174, "median_excess_return": 0.001184, "regime_survival": 0.434783, "best_return": 0.082714, "worst_return": -0.073548, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.01611, "positive_rate": 0.727273, "directional_follow_through": 0.727273, "median_excess_return": -0.048273, "regime_survival": 0.545455, "best_return": 0.206634, "worst_return": -0.051161, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.020235, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.005194, "regime_survival": 0.166667, "best_return": 0.180575, "worst_return": -0.046223, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.044333, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.121006, "regime_survival": 0.0, "best_return": 0.173295, "worst_return": -0.016302, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": -0.030411, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.009915, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-09-05", "tenure": "Developing", "return": 0.004563, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.024558, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": 0.004481, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.003347, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-01-16", "tenure": "Developing", "return": 0.050119, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": 0.077076, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": -0.076913, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.013062, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": -0.050246, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.058849, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": 0.001996, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.014512, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 37.843855, "volume": 4139179, "typical_volume": 5057051.5, "trend": 40.77057, "fair_value": 35.412232, "relative_strength": -19.178138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.976244, "energy": 56.34755, "activity_lines": [ 38.90212, 39.321692, 39.720347, 40.147032 ] }, { "date": "2023-08-25", "close": 37.75324, "volume": 5331805, "typical_volume": 5183842.45, "trend": 40.622124, "fair_value": 35.487371, "relative_strength": -20.394807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.265299, "energy": 64.285605, "activity_lines": [ 38.386442, 38.988142, 39.489934, 39.952366 ] }, { "date": "2023-09-01", "close": 39.06303, "volume": 8932324, "typical_volume": 5438849.5, "trend": 40.494221, "fair_value": 35.570193, "relative_strength": -20.313038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.226245, "energy": 55.912948, "activity_lines": [ 38.52154, 38.952645, 39.4029, 39.851779 ] }, { "date": "2023-09-08", "close": 40.397532, "volume": 12888204, "typical_volume": 5886866.9, "trend": 40.414522, "fair_value": 35.662193, "relative_strength": -16.251767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.647343, "energy": 27.303254, "activity_lines": [ 39.103669, 39.156789, 39.453582, 39.845541 ] }, { "date": "2023-09-15", "close": 40.370091, "volume": 46955666, "typical_volume": 8054565.3, "trend": 40.360478, "fair_value": 35.755219, "relative_strength": -15.602973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.249273, "energy": 11.552993, "activity_lines": [ 39.598667, 39.347257, 39.509783, 39.842674 ] }, { "date": "2023-09-22", "close": 38.973694, "volume": 13429749, "typical_volume": 8451769.45, "trend": 40.257496, "fair_value": 35.836445, "relative_strength": -15.425909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.221826, "energy": 19.797526, "activity_lines": [ 39.561382, 39.268009, 39.441837, 39.753205 ] }, { "date": "2023-09-29", "close": 38.087358, "volume": 7584827, "typical_volume": 8526823.8, "trend": 40.067844, "fair_value": 35.912301, "relative_strength": -17.125886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.324819, "energy": 20.958888, "activity_lines": [ 39.153329, 39.046456, 39.301298, 39.613196 ] }, { "date": "2023-10-06", "close": 38.062273, "volume": 6649555, "typical_volume": 8298008.65, "trend": 39.969617, "fair_value": 35.985904, "relative_strength": -18.248313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.491635, "energy": 33.149738, "activity_lines": [ 38.71464, 38.872681, 39.166869, 39.483804 ] }, { "date": "2023-10-13", "close": 38.614143, "volume": 5589616, "typical_volume": 8365687.3, "trend": 39.908732, "fair_value": 36.064647, "relative_strength": -16.77977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.100409, "energy": 43.658378, "activity_lines": [ 38.526624, 38.81804, 39.091762, 39.396354 ] }, { "date": "2023-10-20", "close": 37.69436, "volume": 6775084, "typical_volume": 8380669.45, "trend": 39.824768, "fair_value": 36.131797, "relative_strength": -15.970289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.732406, "energy": 54.578565, "activity_lines": [ 38.150907, 38.607323, 38.927235, 39.253491 ] }, { "date": "2023-10-27", "close": 37.284639, "volume": 6617845, "typical_volume": 8524291.25, "trend": 39.658392, "fair_value": 36.209005, "relative_strength": -14.221634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.300696, "energy": 60.154719, "activity_lines": [ 37.816998, 38.352538, 38.738506, 39.089612 ] }, { "date": "2023-11-03", "close": 38.672675, "volume": 9823918, "typical_volume": 8719746.15, "trend": 39.558585, "fair_value": 36.28029, "relative_strength": -15.877932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.44659, "energy": 36.448093, "activity_lines": [ 38.058371, 38.36029, 38.69696, 39.026017 ] }, { "date": "2023-11-10", "close": 37.836509, "volume": 7862500, "typical_volume": 8907290.1, "trend": 39.443358, "fair_value": 36.334241, "relative_strength": -19.538786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.596833, "energy": 33.438271, "activity_lines": [ 37.982002, 38.199295, 38.587093, 38.914916 ] }, { "date": "2023-11-17", "close": 37.970295, "volume": 10625187, "typical_volume": 9098304.1, "trend": 39.305521, "fair_value": 36.390589, "relative_strength": -20.348685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.906221, "energy": 29.208421, "activity_lines": [ 37.965278, 38.084926, 38.495022, 38.819879 ] }, { "date": "2023-11-24", "close": 37.493681, "volume": 6003749, "typical_volume": 9206154.5, "trend": 39.147737, "fair_value": 36.44275, "relative_strength": -21.496241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.759699, "energy": 29.708422, "activity_lines": [ 37.832607, 37.928031, 38.366843, 38.702986 ] }, { "date": "2023-12-01", "close": 39.868392, "volume": 13757938, "typical_volume": 9637052.7, "trend": 39.094825, "fair_value": 36.507643, "relative_strength": -16.070229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.702795, "energy": 9.510539, "activity_lines": [ 38.504884, 38.2552, 38.47438, 38.74948 ] }, { "date": "2023-12-08", "close": 39.137241, "volume": 6652662, "typical_volume": 9747671.1, "trend": 39.070326, "fair_value": 36.565269, "relative_strength": -17.446482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.05396, "energy": 12.447412, "activity_lines": [ 38.761194, 38.433165, 38.512958, 38.752217 ] }, { "date": "2023-12-15", "close": 40.547133, "volume": 15452189, "typical_volume": 10224269.05, "trend": 39.105816, "fair_value": 36.632883, "relative_strength": -16.546877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.518852, "energy": 22.892467, "activity_lines": [ 39.456497, 38.848385, 38.694521, 38.847495 ] }, { "date": "2023-12-22", "close": 41.337012, "volume": 7300776, "typical_volume": 10283527.55, "trend": 39.209321, "fair_value": 36.70316, "relative_strength": -14.956865, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.419056, "energy": 46.702896, "activity_lines": [ 40.234385, 39.362041, 38.944399, 38.991443 ] }, { "date": "2023-12-29", "close": 41.914558, "volume": 4412171, "typical_volume": 10339247.2, "trend": 39.24627, "fair_value": 36.779857, "relative_strength": -13.288476, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.395053, "energy": 64.619404, "activity_lines": [ 40.980341, 39.931198, 39.239238, 39.165974 ] }, { "date": "2024-01-05", "close": 40.912346, "volume": 5050796, "typical_volume": 10384828.05, "trend": 39.262263, "fair_value": 36.853796, "relative_strength": -11.951237, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.949392, "energy": 70.633292, "activity_lines": [ 41.0975, 40.241404, 39.426501, 39.273463 ] }, { "date": "2024-01-12", "close": 39.859173, "volume": 5667188, "typical_volume": 10401597.2, "trend": 39.222625, "fair_value": 36.928954, "relative_strength": -16.153209, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.794094, "energy": 58.982625, "activity_lines": [ 40.794005, 40.294166, 39.49885, 39.311973 ] }, { "date": "2024-01-19", "close": 39.502454, "volume": 7222611, "typical_volume": 10316111.55, "trend": 39.242765, "fair_value": 36.995169, "relative_strength": -18.460976, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.661957, "energy": 32.653423, "activity_lines": [ 40.323475, 40.260496, 39.527197, 39.330027 ] }, { "date": "2024-01-26", "close": 39.069294, "volume": 6179809, "typical_volume": 9980691.8, "trend": 39.214416, "fair_value": 37.059377, "relative_strength": -19.162729, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.912893, "energy": 17.647237, "activity_lines": [ 39.778204, 40.117781, 39.512199, 39.318835 ] }, { "date": "2024-02-02", "close": 38.653121, "volume": 7530913, "typical_volume": 8009454.15, "trend": 39.186199, "fair_value": 37.109688, "relative_strength": -20.308071, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.042701, "energy": 19.40089, "activity_lines": [ 39.245389, 39.879416, 39.46389, 39.282623 ] }, { "date": "2024-02-09", "close": 38.831481, "volume": 9224492, "typical_volume": 7799191.3, "trend": 39.146903, "fair_value": 37.159196, "relative_strength": -20.672246, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -4.17539, "energy": 18.269577, "activity_lines": [ 38.989457, 39.652399, 39.440743, 39.259738 ] }, { "date": "2024-02-16", "close": 38.381335, "volume": 8426303, "typical_volume": 7841265.1, "trend": 39.06075, "fair_value": 37.210028, "relative_strength": -19.705199, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.063772, "energy": 25.202226, "activity_lines": [ 38.7222, 39.362391, 39.375403, 39.210346 ] }, { "date": "2024-02-23", "close": 38.593668, "volume": 5740473, "typical_volume": 7795811.0, "trend": 39.044006, "fair_value": 37.256381, "relative_strength": -19.618579, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.849356, "energy": 23.002658, "activity_lines": [ 38.624244, 39.124732, 39.328885, 39.180212 ] }, { "date": "2024-03-01", "close": 38.559695, "volume": 10162951, "typical_volume": 8024477.75, "trend": 39.021737, "fair_value": 37.308131, "relative_strength": -20.437885, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.311622, "energy": 25.367783, "activity_lines": [ 38.575549, 38.916414, 39.276601, 39.148966 ] }, { "date": "2024-03-08", "close": 39.213681, "volume": 6285903, "typical_volume": 8000018.7, "trend": 39.016599, "fair_value": 37.361938, "relative_strength": -17.085479, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.198478, "energy": 15.679432, "activity_lines": [ 38.778823, 38.8775, 39.286861, 39.161349 ] }, { "date": "2024-03-15", "close": 38.98265, "volume": 8957138, "typical_volume": 8116983.35, "trend": 39.054558, "fair_value": 37.418128, "relative_strength": -15.952365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.887896, "energy": 7.260443, "activity_lines": [ 38.867715, 38.845686, 39.267883, 39.159159 ] }, { "date": "2024-03-22", "close": 38.948106, "volume": 7144882, "typical_volume": 7983031.55, "trend": 39.094387, "fair_value": 37.473452, "relative_strength": -17.843555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.38445, "energy": 3.516658, "activity_lines": [ 38.935015, 38.842677, 39.237529, 39.152291 ] }, { "date": "2024-03-29", "close": 39.785792, "volume": 3994381, "typical_volume": 7789625.6, "trend": 39.118479, "fair_value": 37.527661, "relative_strength": -14.96648, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.794792, "energy": 13.118456, "activity_lines": [ 39.243759, 39.008539, 39.285644, 39.196898 ] }, { "date": "2024-04-05", "close": 38.999921, "volume": 4160911, "typical_volume": 7466411.8, "trend": 39.071892, "fair_value": 37.578719, "relative_strength": -15.306351, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.338403, "energy": 7.815916, "activity_lines": [ 39.211071, 39.026365, 39.249631, 39.189249 ] }, { "date": "2024-04-12", "close": 37.117286, "volume": 5635674, "typical_volume": 7448008.05, "trend": 38.963466, "fair_value": 37.607729, "relative_strength": -18.301917, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -39.936458, "energy": 26.276039, "activity_lines": [ 38.52149, 38.703154, 39.029417, 39.063145 ] }, { "date": "2024-04-19", "close": 36.961839, "volume": 6317920, "typical_volume": 7076007.15, "trend": 38.896404, "fair_value": 37.633397, "relative_strength": -13.290139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -42.330465, "energy": 49.085889, "activity_lines": [ 37.919853, 38.379604, 38.79619, 38.934008 ] }, { "date": "2024-04-26", "close": 36.668217, "volume": 6150129, "typical_volume": 7050880.5, "trend": 38.849099, "fair_value": 37.654654, "relative_strength": -16.512698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.292493, "energy": 72.055299, "activity_lines": [ 37.355062, 38.036663, 38.54884, 38.790254 ] }, { "date": "2024-05-03", "close": 37.307276, "volume": 8468632, "typical_volume": 6701702.65, "trend": 38.823932, "fair_value": 37.677156, "relative_strength": -15.234449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.123952, "energy": 70.261347, "activity_lines": [ 37.155284, 37.841061, 38.374111, 38.690782 ] }, { "date": "2024-05-10", "close": 38.231322, "volume": 6264203, "typical_volume": 6649874.0, "trend": 38.811172, "fair_value": 37.710778, "relative_strength": -13.821087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.990175, "energy": 59.029254, "activity_lines": [ 37.428755, 37.836856, 38.302813, 38.652549 ] }, { "date": "2024-05-17", "close": 39.759884, "volume": 4529765, "typical_volume": 6655753.7, "trend": 38.880023, "fair_value": 37.754704, "relative_strength": -11.791076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.240201, "energy": 13.582916, "activity_lines": [ 38.262987, 38.116543, 38.391882, 38.713756 ] }, { "date": "2024-05-24", "close": 38.559488, "volume": 4313503, "typical_volume": 6618889.05, "trend": 38.922518, "fair_value": 37.788682, "relative_strength": -15.181097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.14921, "energy": 18.350293, "activity_lines": [ 38.520914, 38.168044, 38.376888, 38.693076 ] }, { "date": "2024-05-31", "close": 38.775387, "volume": 5632673, "typical_volume": 6617163.3, "trend": 38.925941, "fair_value": 37.820273, "relative_strength": -12.832939, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.679629, "energy": 20.364412, "activity_lines": [ 38.744297, 38.266494, 38.39366, 38.683584 ] }, { "date": "2024-06-07", "close": 38.386769, "volume": 4279465, "typical_volume": 6470006.0, "trend": 38.944283, "fair_value": 37.843163, "relative_strength": -15.464465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.156503, "energy": 18.657558, "activity_lines": [ 38.697663, 38.297426, 38.378581, 38.648799 ] }, { "date": "2024-06-14", "close": 38.140757, "volume": 5932863, "typical_volume": 6457658.7, "trend": 38.949965, "fair_value": 37.874502, "relative_strength": -18.327207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.611247, "energy": 13.085349, "activity_lines": [ 38.497059, 38.309066, 38.345385, 38.596958 ] }, { "date": "2024-06-21", "close": 38.984229, "volume": 5389428, "typical_volume": 6350584.45, "trend": 38.99965, "fair_value": 37.908777, "relative_strength": -16.252334, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.425497, "energy": 5.533406, "activity_lines": [ 38.583649, 38.489685, 38.396942, 38.599169 ] }, { "date": "2024-06-28", "close": 39.722267, "volume": 6070198, "typical_volume": 6192869.75, "trend": 38.994779, "fair_value": 37.94685, "relative_strength": -14.173239, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.352573, "energy": 6.322003, "activity_lines": [ 38.967963, 38.770549, 38.517211, 38.645789 ] }, { "date": "2024-07-05", "close": 39.195097, "volume": 3487705, "typical_volume": 5945939.85, "trend": 38.996708, "fair_value": 37.979632, "relative_strength": -17.737754, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.243668, "energy": 14.272746, "activity_lines": [ 39.099035, 38.905374, 38.583032, 38.658713 ] }, { "date": "2024-07-12", "close": 42.296614, "volume": 5791985, "typical_volume": 5948515.45, "trend": 39.055024, "fair_value": 38.032761, "relative_strength": -10.615641, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 52.209501, "energy": 58.139944, "activity_lines": [ 40.235965, 39.558168, 38.940361, 38.87161 ] }, { "date": "2024-07-19", "close": 42.208753, "volume": 11475055, "typical_volume": 6014120.65, "trend": 39.084082, "fair_value": 38.082949, "relative_strength": -6.732515, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.079747, "energy": 65.887282, "activity_lines": [ 41.082952, 40.104272, 39.271688, 39.075077 ] }, { "date": "2024-07-26", "close": 43.447602, "volume": 5633253, "typical_volume": 5981488.15, "trend": 39.135183, "fair_value": 38.140706, "relative_strength": -1.275049, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.670087, "energy": 84.135464, "activity_lines": [ 42.071688, 40.803304, 39.703625, 39.356594 ] }, { "date": "2024-08-02", "close": 43.482747, "volume": 7234826, "typical_volume": 5895372.55, "trend": 39.220864, "fair_value": 38.194257, "relative_strength": 2.127261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.382147, "energy": 85.531164, "activity_lines": [ 42.774582, 41.441677, 40.118747, 39.637082 ] }, { "date": "2024-08-09", "close": 43.350955, "volume": 8560447, "typical_volume": 5966150.8, "trend": 39.337256, "fair_value": 38.246871, "relative_strength": 1.689511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.624896, "energy": 81.083736, "activity_lines": [ 43.182846, 41.966574, 40.499889, 39.90354 ] }, { "date": "2024-08-16", "close": 43.175231, "volume": 6165555, "typical_volume": 6074709.5, "trend": 39.459682, "fair_value": 38.301949, "relative_strength": -3.668141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.747044, "energy": 75.949389, "activity_lines": [ 43.255478, 42.376329, 40.843329, 40.151151 ] }, { "date": "2024-08-23", "close": 44.581018, "volume": 5265919, "typical_volume": 6129959.9, "trend": 39.643406, "fair_value": 38.361375, "relative_strength": -1.329189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.85401, "energy": 74.796363, "activity_lines": [ 43.738132, 42.954618, 41.304513, 40.48156 ] }, { "date": "2024-08-30", "close": 45.705648, "volume": 5549369, "typical_volume": 6125644.65, "trend": 39.87849, "fair_value": 38.415, "relative_strength": 2.123317, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.911262, "energy": 77.118927, "activity_lines": [ 44.437511, 43.620291, 41.846229, 40.872672 ] }, { "date": "2024-09-06", "close": 45.266339, "volume": 5003928, "typical_volume": 6059945.05, "trend": 40.092986, "fair_value": 38.478203, "relative_strength": 7.541125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.965833, "energy": 75.094387, "activity_lines": [ 44.839917, 44.083881, 42.305208, 41.220275 ] }, { "date": "2024-09-13", "close": 46.02195, "volume": 6367548, "typical_volume": 6070816.0, "trend": 40.347673, "fair_value": 38.549228, "relative_strength": 3.477874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.594922, "energy": 82.672577, "activity_lines": [ 45.375288, 44.584053, 42.796605, 41.602789 ] }, { "date": "2024-09-20", "close": 45.380032, "volume": 7329859, "typical_volume": 6013877.35, "trend": 40.573885, "fair_value": 38.616516, "relative_strength": 0.852585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.251574, "energy": 76.294594, "activity_lines": [ 45.518619, 44.843389, 43.182326, 41.927457 ] }, { "date": "2024-09-27", "close": 45.246299, "volume": 4926263, "typical_volume": 5946980.35, "trend": 40.796772, "fair_value": 38.682852, "relative_strength": -0.185075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.119665, "energy": 60.10917, "activity_lines": [ 45.470387, 45.022348, 43.516868, 42.228903 ] }, { "date": "2024-10-04", "close": 45.469187, "volume": 7436876, "typical_volume": 6092335.9, "trend": 41.005289, "fair_value": 38.749814, "relative_strength": 0.433524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.280681, "energy": 56.263268, "activity_lines": [ 45.452098, 45.186603, 43.839233, 42.530349 ] }, { "date": "2024-10-11", "close": 45.273045, "volume": 4955163, "typical_volume": 6124418.9, "trend": 41.214969, "fair_value": 38.80682, "relative_strength": -0.923111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.50355, "energy": 52.905126, "activity_lines": [ 45.384192, 45.27844, 44.115731, 42.805689 ] }, { "date": "2024-10-18", "close": 45.897132, "volume": 4944805, "typical_volume": 6090025.5, "trend": 41.446603, "fair_value": 38.868299, "relative_strength": 0.513702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.886549, "energy": 54.318903, "activity_lines": [ 45.523869, 45.451197, 44.419696, 43.107764 ] }, { "date": "2024-10-25", "close": 44.372577, "volume": 5533759, "typical_volume": 6152740.2, "trend": 41.599496, "fair_value": 38.923503, "relative_strength": -2.603796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.897949, "energy": 40.650847, "activity_lines": [ 45.163681, 45.300467, 44.544553, 43.296536 ] }, { "date": "2024-11-01", "close": 44.417155, "volume": 8867298, "typical_volume": 6299461.95, "trend": 41.78007, "fair_value": 38.97767, "relative_strength": -0.620998, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.945158, "energy": 32.463587, "activity_lines": [ 44.885517, 45.136073, 44.645151, 43.478321 ] }, { "date": "2024-11-08", "close": 44.372577, "volume": 6754088, "typical_volume": 6367694.95, "trend": 42.021913, "fair_value": 39.035758, "relative_strength": -5.593788, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.344049, "energy": 24.366011, "activity_lines": [ 44.64777, 44.966553, 44.711616, 43.645579 ] }, { "date": "2024-11-15", "close": 43.855477, "volume": 5428772, "typical_volume": 6335623.65, "trend": 42.251701, "fair_value": 39.097481, "relative_strength": -3.174289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.437792, "energy": 22.239656, "activity_lines": [ 44.310763, 44.727253, 44.703175, 43.763874 ] }, { "date": "2024-11-22", "close": 45.397863, "volume": 5676185, "typical_volume": 6445047.65, "trend": 42.542689, "fair_value": 39.173157, "relative_strength": -1.447256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.806015, "energy": 18.062055, "activity_lines": [ 44.582389, 44.794038, 44.821945, 43.966852 ] }, { "date": "2024-11-29", "close": 46.013034, "volume": 4903393, "typical_volume": 6400618.05, "trend": 42.832881, "fair_value": 39.252019, "relative_strength": -0.619865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.086827, "energy": 33.465339, "activity_lines": [ 45.092357, 44.98402, 44.969767, 44.190745 ] }, { "date": "2024-12-06", "close": 45.638582, "volume": 5555162, "typical_volume": 6104623.4, "trend": 43.07979, "fair_value": 39.322222, "relative_strength": -4.283268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.882998, "energy": 36.040663, "activity_lines": [ 45.368144, 45.094411, 45.064229, 44.371758 ] }, { "date": "2024-12-13", "close": 45.330886, "volume": 5146703, "typical_volume": 6080295.9, "trend": 43.26549, "fair_value": 39.391603, "relative_strength": -5.347393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.545979, "energy": 38.054932, "activity_lines": [ 45.459938, 45.141724, 45.113054, 44.51699 ] }, { "date": "2024-12-20", "close": 42.60687, "volume": 9483693, "typical_volume": 6192739.25, "trend": 43.400403, "fair_value": 39.440597, "relative_strength": -8.618326, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -1.462044, "energy": 5.307791, "activity_lines": [ 44.579838, 44.696276, 44.893481, 44.474498 ] }, { "date": "2024-12-27", "close": 43.303711, "volume": 3084021, "typical_volume": 5918917.95, "trend": 43.551347, "fair_value": 39.483647, "relative_strength": -7.567249, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.707677, "energy": 11.910614, "activity_lines": [ 44.015259, 44.426003, 44.744444, 44.46826 ] }, { "date": "2025-01-03", "close": 43.312761, "volume": 4310162, "typical_volume": 5826148.3, "trend": 43.715546, "fair_value": 39.536588, "relative_strength": -6.432793, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.790282, "energy": 25.620619, "activity_lines": [ 43.593308, 44.204528, 44.596495, 44.452868 ] }, { "date": "2025-01-10", "close": 41.285586, "volume": 3955298, "typical_volume": 5760617.25, "trend": 43.820374, "fair_value": 39.586078, "relative_strength": -8.483858, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.457794, "energy": 55.428906, "activity_lines": [ 42.675649, 43.633745, 44.254826, 44.296096 ] }, { "date": "2025-01-17", "close": 43.484709, "volume": 4839335, "typical_volume": 5725115.55, "trend": 43.97039, "fair_value": 39.657184, "relative_strength": -6.073854, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.473219, "energy": 49.675338, "activity_lines": [ 42.781231, 43.51974, 44.13829, 44.27444 ] }, { "date": "2025-01-24", "close": 43.539008, "volume": 4627217, "typical_volume": 5706280.0, "trend": 44.097615, "fair_value": 39.723914, "relative_strength": -7.145735, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.155068, "energy": 36.681395, "activity_lines": [ 43.027991, 43.431751, 44.037502, 44.246609 ] }, { "date": "2025-01-31", "close": 43.792405, "volume": 4648560, "typical_volume": 5620330.6, "trend": 44.250858, "fair_value": 39.793039, "relative_strength": -5.153002, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.804422, "energy": 30.40093, "activity_lines": [ 43.297074, 43.395588, 43.969071, 44.226918 ] }, { "date": "2025-02-07", "close": 44.416847, "volume": 4614854, "typical_volume": 5484580.35, "trend": 44.321533, "fair_value": 39.866023, "relative_strength": -3.82366, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.432112, "energy": 16.68537, "activity_lines": [ 43.741726, 43.50215, 43.970729, 44.237627 ] }, { "date": "2025-02-14", "close": 43.991503, "volume": 4170759, "typical_volume": 5446805.15, "trend": 44.380958, "fair_value": 39.933485, "relative_strength": -7.280483, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.154029, "energy": 17.275356, "activity_lines": [ 43.97099, 43.560399, 43.936464, 44.216335 ] }, { "date": "2025-02-21", "close": 44.453047, "volume": 5333042, "typical_volume": 5341613.45, "trend": 44.414473, "fair_value": 40.001737, "relative_strength": -4.066342, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.738508, "energy": 15.123968, "activity_lines": [ 44.173707, 43.732511, 43.952131, 44.220986 ] }, { "date": "2025-02-28", "close": 45.385185, "volume": 7316830, "typical_volume": 5459696.8, "trend": 44.477887, "fair_value": 40.069071, "relative_strength": 1.347157, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.073955, "energy": 18.628094, "activity_lines": [ 44.622581, 44.090064, 44.061411, 44.283612 ] }, { "date": "2025-03-07", "close": 45.80148, "volume": 7300834, "typical_volume": 5577498.25, "trend": 44.559571, "fair_value": 40.144948, "relative_strength": 5.607653, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.59694, "energy": 26.280388, "activity_lines": [ 45.087142, 44.472792, 44.209805, 44.369005 ] }, { "date": "2025-03-14", "close": 45.738131, "volume": 8036733, "typical_volume": 5702646.95, "trend": 44.645001, "fair_value": 40.217825, "relative_strength": 8.011174, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.017947, "energy": 32.326551, "activity_lines": [ 45.396648, 44.798588, 44.352621, 44.445041 ] }, { "date": "2025-03-21", "close": 46.124029, "volume": 6171773, "typical_volume": 5567870.7, "trend": 44.696435, "fair_value": 40.292931, "relative_strength": 8.459832, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.30442, "energy": 44.999965, "activity_lines": [ 45.746702, 45.15045, 44.525686, 44.540463 ] }, { "date": "2025-03-28", "close": 46.30779, "volume": 5855336, "typical_volume": 5522933.1, "trend": 44.716507, "fair_value": 40.359183, "relative_strength": 11.284803, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.262739, "energy": 50.060402, "activity_lines": [ 46.01584, 45.447751, 44.708125, 44.644421 ] }, { "date": "2025-04-04", "close": 44.001589, "volume": 7774141, "typical_volume": 5640201.55, "trend": 44.674348, "fair_value": 40.414567, "relative_strength": 16.937618, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.451042, "energy": 16.431462, "activity_lines": [ 45.392596, 45.274414, 44.66171, 44.598297 ] }, { "date": "2025-04-11", "close": 43.80864, "volume": 8526334, "typical_volume": 5782709.0, "trend": 44.600571, "fair_value": 40.466756, "relative_strength": 8.033603, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.849012, "energy": 3.296207, "activity_lines": [ 44.797274, 45.057584, 44.596223, 44.542445 ] }, { "date": "2025-04-18", "close": 45.499241, "volume": 4844244, "typical_volume": 5779751.55, "trend": 44.604545, "fair_value": 40.530174, "relative_strength": 14.489908, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.221138, "energy": 8.069669, "activity_lines": [ 44.898343, 45.147842, 44.699314, 44.600424 ] }, { "date": "2025-04-25", "close": 43.863768, "volume": 9018547, "typical_volume": 5952920.8, "trend": 44.558461, "fair_value": 40.594168, "relative_strength": 3.566376, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.905635, "energy": 13.236073, "activity_lines": [ 44.470179, 44.921061, 44.649092, 44.552632 ] }, { "date": "2025-05-02", "close": 43.367613, "volume": 9771164, "typical_volume": 6184143.85, "trend": 44.488408, "fair_value": 40.654884, "relative_strength": -1.066806, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.082634, "energy": 16.289431, "activity_lines": [ 44.027315, 44.606393, 44.560068, 44.475803 ] }, { "date": "2025-05-09", "close": 43.082783, "volume": 8610882, "typical_volume": 6140503.3, "trend": 44.415399, "fair_value": 40.711718, "relative_strength": -1.57038, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.481867, "energy": 27.294241, "activity_lines": [ 43.68552, 44.259672, 44.453267, 44.385117 ] }, { "date": "2025-05-16", "close": 43.744323, "volume": 10217875, "typical_volume": 6497196.0, "trend": 44.343639, "fair_value": 40.774555, "relative_strength": -6.392879, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.557802, "energy": 26.487848, "activity_lines": [ 43.625491, 44.075093, 44.407204, 44.341822 ] }, { "date": "2025-05-23", "close": 42.476372, "volume": 7366205, "typical_volume": 6649998.15, "trend": 44.280432, "fair_value": 40.813702, "relative_strength": -6.890077, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.301559, "energy": 46.665147, "activity_lines": [ 43.1471, 43.697381, 44.238285, 44.221353 ] }, { "date": "2025-05-30", "close": 42.90821, "volume": 8865228, "typical_volume": 6895494.65, "trend": 44.230134, "fair_value": 40.858211, "relative_strength": -7.654538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.681492, "energy": 47.032477, "activity_lines": [ 43.014179, 43.457489, 44.114476, 44.132823 ] }, { "date": "2025-06-06", "close": 42.669321, "volume": 6796427, "typical_volume": 6993349.25, "trend": 44.173359, "fair_value": 40.903114, "relative_strength": -9.985887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.948248, "energy": 44.769486, "activity_lines": [ 42.865333, 43.232632, 43.960189, 44.032125 ] }, { "date": "2025-06-13", "close": 43.165476, "volume": 5651282, "typical_volume": 7044552.5, "trend": 44.150359, "fair_value": 40.960588, "relative_strength": -8.463846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.668044, "energy": 40.712044, "activity_lines": [ 42.928424, 43.164139, 43.857038, 43.9671 ] }, { "date": "2025-06-20", "close": 43.613948, "volume": 5153573, "typical_volume": 7069803.15, "trend": 44.090895, "fair_value": 41.006728, "relative_strength": -7.511974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.865441, "energy": 26.030303, "activity_lines": [ 43.135493, 43.192389, 43.798377, 43.932493 ] }, { "date": "2025-06-27", "close": 43.333653, "volume": 6890639, "typical_volume": 7183592.4, "trend": 44.001582, "fair_value": 41.051916, "relative_strength": -11.687305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.781068, "energy": 19.443364, "activity_lines": [ 43.257822, 43.173216, 43.713871, 43.883639 ] }, { "date": "2025-07-04", "close": 45.043454, "volume": 6627317, "typical_volume": 7306420.3, "trend": 43.981745, "fair_value": 41.106176, "relative_strength": -9.574522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.228055, "energy": 11.622778, "activity_lines": [ 43.892933, 43.50429, 43.797361, 43.950857 ] }, { "date": "2025-07-11", "close": 44.660384, "volume": 7629974, "typical_volume": 7421266.9, "trend": 43.959395, "fair_value": 41.144916, "relative_strength": -9.912863, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.408571, "energy": 15.811506, "activity_lines": [ 44.258004, 43.744266, 43.839359, 43.99464 ] }, { "date": "2025-07-18", "close": 44.566952, "volume": 6267133, "typical_volume": 7368782.05, "trend": 44.024731, "fair_value": 41.178238, "relative_strength": -11.042706, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.696885, "energy": 21.886556, "activity_lines": [ 44.459194, 43.94375, 43.871472, 44.033837 ] }, { "date": "2025-07-25", "close": 43.613948, "volume": 13684900, "typical_volume": 7687985.35, "trend": 44.035072, "fair_value": 41.199539, "relative_strength": -13.40646, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.286545, "energy": 14.660606, "activity_lines": [ 44.249284, 43.942975, 43.816719, 44.007335 ] }, { "date": "2025-08-01", "close": 43.11876, "volume": 9631456, "typical_volume": 7767721.5, "trend": 44.028605, "fair_value": 41.224174, "relative_strength": -12.086696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.494484, "energy": 11.635115, "activity_lines": [ 43.874311, 43.854536, 43.725221, 43.948218 ] }, { "date": "2025-08-08", "close": 42.894524, "volume": 6442731, "typical_volume": 7781269.4, "trend": 44.082236, "fair_value": 41.240566, "relative_strength": -15.283106, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.700113, "energy": 22.834985, "activity_lines": [ 43.438919, 43.713648, 43.624841, 43.875051 ] }, { "date": "2025-08-15", "close": 43.165476, "volume": 6735208, "typical_volume": 7825263.0, "trend": 44.071595, "fair_value": 41.257651, "relative_strength": -14.850942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.283103, "energy": 29.111821, "activity_lines": [ 43.237107, 43.622272, 43.565645, 43.815906 ] }, { "date": "2025-08-22", "close": 44.987395, "volume": 10628850, "typical_volume": 7967998.45, "trend": 44.119875, "fair_value": 41.296053, "relative_strength": -10.133666, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.796892, "energy": 10.81689, "activity_lines": [ 43.742261, 43.853134, 43.694928, 43.874989 ] }, { "date": "2025-08-29", "close": 44.856591, "volume": 9526991, "typical_volume": 8018031.3, "trend": 44.155348, "fair_value": 41.344495, "relative_strength": -9.794321, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.068283, "energy": 14.501086, "activity_lines": [ 44.175785, 44.027087, 43.80706, 43.92252 ] }, { "date": "2025-09-05", "close": 45.249004, "volume": 9261922, "typical_volume": 8238915.2, "trend": 44.183086, "fair_value": 41.386263, "relative_strength": -9.441803, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.742596, "energy": 30.698838, "activity_lines": [ 44.65727, 44.249794, 43.951573, 43.993078 ] }, { "date": "2025-09-12", "close": 45.622731, "volume": 11232270, "typical_volume": 8349601.35, "trend": 44.237461, "fair_value": 41.43326, "relative_strength": -9.952459, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.090251, "energy": 47.823584, "activity_lines": [ 45.121314, 44.505627, 44.132872, 44.085958 ] }, { "date": "2025-09-19", "close": 44.264968, "volume": 11876424, "typical_volume": 8454864.35, "trend": 44.231191, "fair_value": 41.486677, "relative_strength": -14.08551, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.910947, "energy": 42.428909, "activity_lines": [ 44.95089, 44.504062, 44.176483, 44.087733 ] }, { "date": "2025-09-26", "close": 44.511834, "volume": 10706684, "typical_volume": 8559654.45, "trend": 44.20208, "fair_value": 41.548986, "relative_strength": -12.851007, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.659657, "energy": 30.718963, "activity_lines": [ 44.789456, 44.554571, 44.239333, 44.105839 ] }, { "date": "2025-10-03", "close": 44.50234, "volume": 9309762, "typical_volume": 8514248.8, "trend": 44.158775, "fair_value": 41.600597, "relative_strength": -13.522561, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.838101, "energy": 15.679864, "activity_lines": [ 44.65656, 44.604356, 44.294473, 44.125211 ] }, { "date": "2025-10-10", "close": 42.375494, "volume": 9726629, "typical_volume": 8632270.0, "trend": 44.046687, "fair_value": 41.641801, "relative_strength": -15.355932, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.865617, "energy": 19.375551, "activity_lines": [ 43.838333, 44.251289, 44.143447, 44.01016 ] }, { "date": "2025-10-17", "close": 42.565391, "volume": 8745183, "typical_volume": 8626267.75, "trend": 43.928066, "fair_value": 41.680694, "relative_strength": -16.576755, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.758119, "energy": 28.981698, "activity_lines": [ 43.274972, 43.946262, 44.010987, 43.914593 ] }, { "date": "2025-10-24", "close": 42.546401, "volume": 9878224, "typical_volume": 8780357.6, "trend": 43.802686, "fair_value": 41.701618, "relative_strength": -17.999457, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.871246, "energy": 42.442028, "activity_lines": [ 42.909104, 43.643768, 43.878351, 43.825453 ] }, { "date": "2025-10-31", "close": 42.403979, "volume": 12022006, "typical_volume": 9098893.8, "trend": 43.749432, "fair_value": 41.721429, "relative_strength": -19.382756, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.2341, "energy": 61.083719, "activity_lines": [ 42.610333, 43.326634, 43.732736, 43.735214 ] }, { "date": "2025-11-07", "close": 42.679329, "volume": 13107025, "typical_volume": 9496566.4, "trend": 43.711789, "fair_value": 41.740433, "relative_strength": -15.962839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.547469, "energy": 58.257827, "activity_lines": [ 42.543869, 43.106535, 43.616971, 43.666175 ] }, { "date": "2025-11-14", "close": 42.290041, "volume": 8025838, "typical_volume": 9553326.35, "trend": 43.604815, "fair_value": 41.758757, "relative_strength": -16.23517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.226947, "energy": 51.150649, "activity_lines": [ 42.469177, 42.855243, 43.468581, 43.574449 ] }, { "date": "2025-11-21", "close": 40.865814, "volume": 13101142, "typical_volume": 9877017.6, "trend": 43.504884, "fair_value": 41.762254, "relative_strength": -16.070267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.106923, "energy": 62.72116, "activity_lines": [ 41.925439, 42.3988, 43.189521, 43.39774 ] }, { "date": "2025-11-28", "close": 41.331061, "volume": 8937938, "typical_volume": 9942415.8, "trend": 43.436999, "fair_value": 41.759509, "relative_strength": -18.659615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.628183, "energy": 60.223137, "activity_lines": [ 41.650088, 42.113436, 42.974663, 43.257493 ] }, { "date": "2025-12-05", "close": 40.514505, "volume": 15876085, "typical_volume": 10422863.4, "trend": 43.351389, "fair_value": 41.753005, "relative_strength": -20.644657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.955088, "energy": 71.266866, "activity_lines": [ 41.183575, 41.732952, 42.697892, 43.068945 ] }, { "date": "2025-12-12", "close": 42.061967, "volume": 19598093, "typical_volume": 10718523.05, "trend": 43.295311, "fair_value": 41.755297, "relative_strength": -15.676564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.835096, "energy": 56.844302, "activity_lines": [ 41.358847, 41.706503, 42.587796, 42.985756 ] }, { "date": "2025-12-19", "close": 43.203221, "volume": 21208113, "typical_volume": 11297355.9, "trend": 43.319539, "fair_value": 41.764189, "relative_strength": -13.613205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.811214, "energy": 25.401101, "activity_lines": [ 41.955695, 41.931926, 42.59378, 42.979815 ] }, { "date": "2025-12-26", "close": 43.164534, "volume": 7048710, "typical_volume": 11327654.85, "trend": 43.328083, "fair_value": 41.774724, "relative_strength": -14.460376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.072603, "energy": 15.854777, "activity_lines": [ 42.478768, 42.135264, 42.595679, 42.969815 ] }, { "date": "2026-01-02", "close": 42.96143, "volume": 7803474, "typical_volume": 11381068.15, "trend": 43.33782, "fair_value": 41.791774, "relative_strength": -13.080709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.843612, "energy": 20.292257, "activity_lines": [ 42.780893, 42.290782, 42.576948, 42.94616 ] }, { "date": "2026-01-09", "close": 43.058146, "volume": 12223548, "typical_volume": 11460803.05, "trend": 43.334242, "fair_value": 41.796568, "relative_strength": -14.498798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.344197, "energy": 19.691732, "activity_lines": [ 43.006564, 42.456338, 42.5684, 42.928116 ] }, { "date": "2026-01-16", "close": 44.818385, "volume": 13931326, "typical_volume": 11681019.8, "trend": 43.37439, "fair_value": 41.817143, "relative_strength": -9.980977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.289049, "energy": 28.252483, "activity_lines": [ 43.649406, 42.930043, 42.73668, 43.023867 ] }, { "date": "2026-01-23", "close": 43.918922, "volume": 9259652, "typical_volume": 11680906.3, "trend": 43.393899, "fair_value": 41.828119, "relative_strength": -11.738306, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.717262, "energy": 27.037362, "activity_lines": [ 43.808665, 43.201318, 42.81948, 43.058998 ] }, { "date": "2026-01-30", "close": 43.280594, "volume": 11216945, "typical_volume": 11680140.05, "trend": 43.335137, "fair_value": 41.830558, "relative_strength": -12.593647, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.674442, "energy": 27.202777, "activity_lines": [ 43.707436, 43.326917, 42.847819, 43.051688 ] }, { "date": "2026-02-06", "close": 43.831877, "volume": 11724540, "typical_volume": 11672545.85, "trend": 43.30752, "fair_value": 41.837246, "relative_strength": -9.411315, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.925819, "energy": 28.572136, "activity_lines": [ 43.78223, 43.508845, 42.939816, 43.083736 ] }, { "date": "2026-02-13", "close": 44.876415, "volume": 10712758, "typical_volume": 11672849.55, "trend": 43.317836, "fair_value": 41.85574, "relative_strength": -5.888136, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.781008, "energy": 26.128745, "activity_lines": [ 44.147173, 43.835219, 43.133354, 43.184955 ] }, { "date": "2026-02-20", "close": 45.698504, "volume": 10758285, "typical_volume": 11745275.7, "trend": 43.387321, "fair_value": 41.879043, "relative_strength": -5.021353, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.504234, "energy": 42.274324, "activity_lines": [ 44.664928, 44.231756, 43.40345, 43.338547 ] }, { "date": "2026-02-27", "close": 47.303997, "volume": 15963609, "typical_volume": 12057124.7, "trend": 43.526829, "fair_value": 41.901653, "relative_strength": -1.153066, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.758402, "energy": 74.225351, "activity_lines": [ 45.659173, 44.854082, 43.820755, 43.591235 ] }, { "date": "2026-03-06", "close": 47.303997, "volume": 12431335, "typical_volume": 12241432.3, "trend": 43.673811, "fair_value": 41.942005, "relative_strength": 0.450627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.218818, "energy": 79.294039, "activity_lines": [ 46.427746, 45.401849, 44.21459, 43.834924 ] }, { "date": "2026-03-13", "close": 46.772056, "volume": 11080290, "typical_volume": 12301535.6, "trend": 43.794031, "fair_value": 41.982591, "relative_strength": 0.750635, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.020777, "energy": 77.880521, "activity_lines": [ 46.750779, 45.777636, 44.535199, 44.03481 ] }, { "date": "2026-03-20", "close": 45.258207, "volume": 10082832, "typical_volume": 12204576.9, "trend": 43.803058, "fair_value": 42.01493, "relative_strength": -0.099144, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.98282, "energy": 70.628838, "activity_lines": [ 46.373183, 45.808894, 44.691511, 44.129273 ] }, { "date": "2026-03-27", "close": 43.184036, "volume": 11831265, "typical_volume": 12140788.9, "trend": 43.747306, "fair_value": 42.020751, "relative_strength": -0.950618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.957788, "energy": 23.535292, "activity_lines": [ 45.278744, 45.423028, 44.63669, 44.089337 ] }, { "date": "2026-04-03", "close": 43.665715, "volume": 9740200, "typical_volume": 12226507.0, "trend": 43.69453, "fair_value": 42.033564, "relative_strength": -2.959485, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.427493, "energy": 19.977536, "activity_lines": [ 44.512497, 45.154456, 44.625341, 44.084073 ] }, { "date": "2026-04-10", "close": 45.906999, "volume": 10834719, "typical_volume": 12113185.85, "trend": 43.704005, "fair_value": 42.063139, "relative_strength": -1.80053, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.750983, "energy": 25.638214, "activity_lines": [ 44.735896, 45.297994, 44.820896, 44.226813 ] }, { "date": "2026-04-17", "close": 46.919509, "volume": 9873438, "typical_volume": 12159960.85, "trend": 43.79249, "fair_value": 42.093999, "relative_strength": -4.745068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.590522, "energy": 24.865826, "activity_lines": [ 45.389931, 45.577872, 45.088875, 44.434264 ] }, { "date": "2026-04-24", "close": 46.506641, "volume": 10105940, "typical_volume": 11871453.6, "trend": 43.858984, "fair_value": 42.121431, "relative_strength": -7.074442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.098771, "energy": 33.586834, "activity_lines": [ 45.896514, 45.726545, 45.290922, 44.609371 ] }, { "date": "2026-05-01", "close": 46.949, "volume": 11198955, "typical_volume": 11451496.7, "trend": 43.940539, "fair_value": 42.156644, "relative_strength": -7.160121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.334686, "energy": 54.264561, "activity_lines": [ 46.46732, 45.926005, 45.506564, 44.808727 ] }, { "date": "2026-05-08", "close": 47.401189, "volume": 6085488, "typical_volume": 10695365.45, "trend": 44.108062, "fair_value": 42.204907, "relative_strength": -10.649524, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.567636, "energy": 63.137773, "activity_lines": [ 46.937859, 46.184946, 45.742, 45.031995 ] }, { "date": "2026-05-15", "close": 45.592433, "volume": 9315814, "typical_volume": 10808720.65, "trend": 44.208963, "fair_value": 42.244073, "relative_strength": -13.336023, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.759759, "energy": 43.781757, "activity_lines": [ 46.556447, 46.113255, 45.785183, 45.12776 ] }, { "date": "2026-05-22", "close": 46.96866, "volume": 7221753, "typical_volume": 10779634.6, "trend": 44.356372, "fair_value": 42.300078, "relative_strength": -11.371907, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.23099, "energy": 39.747016, "activity_lines": [ 46.654749, 46.322906, 45.947875, 45.305805 ] }, { "date": "2026-05-29", "close": 46.172415, "volume": 10391942, "typical_volume": 10688054.3, "trend": 44.481987, "fair_value": 42.334478, "relative_strength": -14.872672, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.059921, "energy": 29.579092, "activity_lines": [ 46.484359, 46.384211, 46.015651, 45.422969 ] }, { "date": "2026-06-05", "close": 46.369018, "volume": 13182606, "typical_volume": 10650618.3, "trend": 44.604976, "fair_value": 42.372532, "relative_strength": -10.124455, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.937963, "energy": 20.193494, "activity_lines": [ 46.401786, 46.464639, 46.087321, 45.544713 ] }, { "date": "2026-06-12", "close": 47.47, "volume": 10276279, "typical_volume": 10701449.65, "trend": 44.777642, "fair_value": 42.413697, "relative_strength": -9.677531, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.040572, "energy": 32.4254, "activity_lines": [ 46.724871, 46.687338, 46.256463, 45.729554 ] }, { "date": "2026-06-19", "close": 44.59, "volume": 9474634, "typical_volume": 10614334.1, "trend": 44.901781, "fair_value": 42.450182, "relative_strength": -16.863851, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.680974, "energy": 9.023857, "activity_lines": [ 46.08337, 46.317231, 46.13441, 45.717448 ] }, { "date": "2026-06-26", "close": 45.88, "volume": 12255529, "typical_volume": 10640883.55, "trend": 45.053412, "fair_value": 42.488389, "relative_strength": -10.084974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.987523, "energy": 13.235878, "activity_lines": [ 45.938697, 46.205616, 46.128978, 45.780559 ] }, { "date": "2026-07-03", "close": 43.95, "volume": 12399769, "typical_volume": 10725234.1, "trend": 45.167929, "fair_value": 42.516917, "relative_strength": -14.154132, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.33153, "energy": 11.847646, "activity_lines": [ 45.223268, 45.761991, 45.929984, 45.709371 ] }, { "date": "2026-07-10", "close": 43.18, "volume": 19067460, "typical_volume": 11140692.85, "trend": 45.205197, "fair_value": 42.537235, "relative_strength": -16.682465, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.312999, "energy": 37.815247, "activity_lines": [ 44.399333, 45.224851, 45.662068, 45.581117 ] }, { "date": "2026-07-17", "close": 45.08, "volume": 10818218, "typical_volume": 10883423.3, "trend": 45.267756, "fair_value": 42.563608, "relative_strength": -8.876244, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.441505, "energy": 33.590526, "activity_lines": [ 44.421333, 45.101692, 45.587097, 45.57304 ] }, { "date": "2026-07-24", "close": 45.17, "volume": 8880976, "typical_volume": 10705905.35, "trend": 45.334605, "fair_value": 42.602544, "relative_strength": -6.929487, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.038428, "energy": 35.139553, "activity_lines": [ 44.632667, 45.037101, 45.531288, 45.566733 ] }, { "date": "2026-07-31", "close": 44.79, "volume": 12637275, "typical_volume": 10783754.6, "trend": 45.395557, "fair_value": 42.638199, "relative_strength": -7.891367, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.166171, "energy": 21.288035, "activity_lines": [ 44.678667, 44.911099, 45.44945, 45.531597 ] }, { "date": "2026-08-07", "close": 44.14, "volume": 10582473, "typical_volume": 10808736.65, "trend": 45.431619, "fair_value": 42.66879, "relative_strength": -13.299598, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.876675, "energy": 15.899814, "activity_lines": [ 44.580667, 44.706528, 45.315147, 45.450594 ] } ], "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." } } }