{ "ticker": { "uuid": "24ce9073-7dde-4d95-b2da-eff2f5fdfc20", "symbol": "KTA", "name": "Knaus Tabbert AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 51.463, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 18.881, "architecture_energy": 19.82, "architecture_maturity": 6.413, "architecture_confidence": 54.316, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 55.42, "rotation_up": 43.54, "upward_expansion": 46.94, "deceleration": 35.17, "rotation_down": 26.4, "downward_expansion": 12.27 }, "activity_lines": [ 12.598667, 12.486545, 12.344571, 12.32043 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 12.32, "trend_reference": 12.384, "distance_from_trend": -0.005168, "trend_direction": "Weakening", "fair_value": 23.952383, "distance_from_fair_value": -0.485646, "fair_value_direction": "Improving", "relative_strength": -16.287839, "relative_strength_direction": "Weakening", "price_momentum": -0.035994, "excess_performance": -0.100633, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005168, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.029467, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.485646, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.077101, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.162878, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012974, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.035994, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.878778, "read": "Demand-led" } ], "volume": { "latest": 21698, "relative_activity": 1.136012, "balance": 1.878778, "dry_up": 0.827454, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.07018, "annualized_volatility": 0.360804, "from_high_reference": -0.393103, "from_low_reference": 0.166667 }, "levels": { "trend_reference": 12.384, "fair_value_reference": 23.952383, "structural_low": 10.56, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.161305, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.135688, "regime_survival": 0.0, "best_return": 0.173375, "worst_return": 0.149235, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.075828, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.049286, "regime_survival": 0.0, "best_return": 0.23839, "worst_return": -0.086735, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.306273, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.227118, "regime_survival": 0.0, "best_return": 0.825555, "worst_return": -0.21301, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.423422, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.225068, "regime_survival": 0.0, "best_return": 0.423422, "worst_return": 0.423422, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-25", "end": "2023-10-13", "tenure": "Developing", "return": -0.101326, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-20", "end": "2023-11-10", "tenure": "New", "return": -0.095721, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-17", "end": "2024-04-19", "tenure": "Established", "return": -0.031469, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.072917, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-07-19", "tenure": "Developing", "return": -0.239098, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2025-05-30", "tenure": "Extended", "return": -0.546848, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-08-08", "tenure": "Developing", "return": 0.00597, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.084184, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-17", "tenure": "Developing", "return": -0.038095, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.166667, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": 0.007278, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-05-22", "tenure": "Established", "return": -0.023328, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-07-17", "tenure": "Developing", "return": 0.043956, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.025316, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 49.448708, "volume": 44071, "typical_volume": 44986.0, "trend": 45.299295, "fair_value": 44.361713, "relative_strength": 26.704762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.538783, "energy": 33.200346, "activity_lines": [ 53.393388, 54.62047, 51.995746, 49.089186 ] }, { "date": "2023-08-25", "close": 49.355232, "volume": 36853, "typical_volume": 45793.95, "trend": 45.750554, "fair_value": 44.39435, "relative_strength": 25.07584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.755389, "energy": 26.704377, "activity_lines": [ 51.692128, 53.684012, 52.005643, 49.35086 ] }, { "date": "2023-09-01", "close": 52.252983, "volume": 74951, "typical_volume": 47809.95, "trend": 46.250043, "fair_value": 44.44538, "relative_strength": 29.580406, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.337827, "energy": 24.868837, "activity_lines": [ 51.442859, 53.248925, 52.246481, 49.770371 ] }, { "date": "2023-09-08", "close": 51.037796, "volume": 23530, "typical_volume": 47787.45, "trend": 46.709026, "fair_value": 44.487912, "relative_strength": 26.333147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.975334, "energy": 24.727548, "activity_lines": [ 51.081419, 52.614989, 52.329378, 50.079258 ] }, { "date": "2023-09-15", "close": 48.046574, "volume": 30980, "typical_volume": 47784.1, "trend": 46.950422, "fair_value": 44.510724, "relative_strength": 16.917242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.972316, "energy": 14.91102, "activity_lines": [ 49.953478, 51.537468, 52.079963, 50.165552 ] }, { "date": "2023-09-22", "close": 50.944321, "volume": 56854, "typical_volume": 49390.45, "trend": 47.397221, "fair_value": 44.522465, "relative_strength": 25.404455, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.545587, "energy": 13.565872, "activity_lines": [ 50.258832, 51.14487, 52.080891, 50.423223 ] }, { "date": "2023-09-29", "close": 48.700901, "volume": 37988, "typical_volume": 47842.95, "trend": 47.760172, "fair_value": 44.498692, "relative_strength": 20.179561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.061134, "energy": 13.079095, "activity_lines": [ 49.716672, 50.473543, 51.83175, 50.507331 ] }, { "date": "2023-10-06", "close": 45.990105, "volume": 31787, "typical_volume": 47570.55, "trend": 48.078102, "fair_value": 44.471089, "relative_strength": 13.880126, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -14.139976, "energy": 30.99247, "activity_lines": [ 48.314536, 49.453807, 51.322676, 50.393133 ] }, { "date": "2023-10-13", "close": 44.354275, "volume": 27526, "typical_volume": 46623.6, "trend": 48.362662, "fair_value": 44.427581, "relative_strength": 9.403138, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.346333, "energy": 50.433333, "activity_lines": [ 46.784648, 48.330398, 50.659888, 50.152886 ] }, { "date": "2023-10-20", "close": 41.503265, "volume": 26986, "typical_volume": 42282.7, "trend": 48.537076, "fair_value": 44.367423, "relative_strength": 4.446661, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.012892, "energy": 64.312042, "activity_lines": [ 44.749991, 46.873025, 49.730694, 49.710345 ] }, { "date": "2023-10-27", "close": 39.727222, "volume": 45496, "typical_volume": 43315.4, "trend": 48.564633, "fair_value": 44.294255, "relative_strength": 0.167994, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.999176, "energy": 73.980001, "activity_lines": [ 42.55954, 45.339172, 48.651938, 49.141967 ] }, { "date": "2023-11-03", "close": 39.867439, "volume": 68379, "typical_volume": 44330.85, "trend": 48.563617, "fair_value": 44.227404, "relative_strength": -3.349589, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.827093, "energy": 75.722527, "activity_lines": [ 41.163636, 44.007566, 47.606122, 48.580858 ] }, { "date": "2023-11-10", "close": 37.530544, "volume": 118784, "typical_volume": 46907.25, "trend": 48.368335, "fair_value": 44.147198, "relative_strength": -9.775131, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.122042, "energy": 88.616446, "activity_lines": [ 39.577663, 42.423577, 46.376248, 47.869047 ] }, { "date": "2023-11-17", "close": 40.101128, "volume": 136305, "typical_volume": 50835.65, "trend": 48.335814, "fair_value": 44.086722, "relative_strength": -8.305949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.815112, "energy": 83.182695, "activity_lines": [ 39.412523, 41.574646, 45.467084, 47.335678 ] }, { "date": "2023-11-24", "close": 37.156639, "volume": 116482, "typical_volume": 54193.0, "trend": 48.152249, "fair_value": 44.008997, "relative_strength": -15.930768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.260527, "energy": 78.190671, "activity_lines": [ 38.549429, 40.389203, 44.355835, 46.614441 ] }, { "date": "2023-12-01", "close": 37.530544, "volume": 68786, "typical_volume": 55103.5, "trend": 47.959989, "fair_value": 43.924457, "relative_strength": -17.162771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.436108, "energy": 67.536076, "activity_lines": [ 38.100746, 39.469741, 43.373449, 45.92917 ] }, { "date": "2023-12-08", "close": 39.914177, "volume": 73986, "typical_volume": 57544.05, "trend": 47.679431, "fair_value": 43.87091, "relative_strength": -14.061312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.411424, "energy": 53.850516, "activity_lines": [ 38.593052, 39.227554, 42.71578, 45.410085 ] }, { "date": "2023-12-15", "close": 39.960911, "volume": 40759, "typical_volume": 58397.5, "trend": 47.463905, "fair_value": 43.79057, "relative_strength": -14.163687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.93013, "energy": 49.722307, "activity_lines": [ 39.09782, 39.153623, 42.142239, 44.912116 ] }, { "date": "2023-12-22", "close": 41.690212, "volume": 43762, "typical_volume": 57447.6, "trend": 47.339271, "fair_value": 43.716438, "relative_strength": -10.45103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.474041, "energy": 36.654369, "activity_lines": [ 40.016997, 39.503731, 41.812847, 44.53962 ] }, { "date": "2023-12-29", "close": 43.933636, "volume": 37899, "typical_volume": 57108.2, "trend": 47.283185, "fair_value": 43.65452, "relative_strength": -6.236869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.571436, "energy": 25.484768, "activity_lines": [ 41.578044, 40.310173, 41.758097, 44.319902 ] }, { "date": "2024-01-05", "close": 41.269577, "volume": 52315, "typical_volume": 57520.4, "trend": 47.197499, "fair_value": 43.556017, "relative_strength": -11.301535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.589954, "energy": 24.351533, "activity_lines": [ 41.799271, 40.588051, 41.502597, 43.931927 ] }, { "date": "2024-01-12", "close": 41.877167, "volume": 37699, "typical_volume": 57562.7, "trend": 46.994968, "fair_value": 43.445152, "relative_strength": -10.770824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.505849, "energy": 23.242203, "activity_lines": [ 41.973759, 40.948358, 41.34391, 43.58868 ] }, { "date": "2024-01-19", "close": 38.979416, "volume": 43470, "typical_volume": 55988.65, "trend": 46.51201, "fair_value": 43.320048, "relative_strength": -16.234788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.633705, "energy": 22.787163, "activity_lines": [ 41.051464, 40.74526, 40.944858, 43.071547 ] }, { "date": "2024-01-26", "close": 39.072891, "volume": 59126, "typical_volume": 57768.45, "trend": 45.929344, "fair_value": 43.195543, "relative_strength": -18.011109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.400481, "energy": 36.405161, "activity_lines": [ 40.225761, 40.532815, 40.617915, 42.591604 ] }, { "date": "2024-02-02", "close": 38.091396, "volume": 34983, "typical_volume": 57968.6, "trend": 45.30773, "fair_value": 43.068539, "relative_strength": -19.780672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.338148, "energy": 44.074589, "activity_lines": [ 39.24738, 40.160611, 40.254472, 42.08593 ] }, { "date": "2024-02-09", "close": 37.390327, "volume": 55283, "typical_volume": 57890.05, "trend": 44.619124, "fair_value": 42.935957, "relative_strength": -21.173824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.106607, "energy": 64.438789, "activity_lines": [ 38.424793, 39.643944, 39.871666, 41.57513 ] }, { "date": "2024-02-16", "close": 37.483803, "volume": 37355, "typical_volume": 57858.4, "trend": 43.980373, "fair_value": 42.811019, "relative_strength": -21.618437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.090648, "energy": 67.604089, "activity_lines": [ 37.891981, 39.146823, 39.562305, 41.114786 ] }, { "date": "2024-02-23", "close": 40.054386, "volume": 109864, "typical_volume": 61762.25, "trend": 43.427308, "fair_value": 42.707435, "relative_strength": -17.599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.907618, "energy": 48.221711, "activity_lines": [ 38.50892, 39.161269, 39.551177, 40.861497 ] }, { "date": "2024-03-01", "close": 39.400059, "volume": 83736, "typical_volume": 64572.75, "trend": 42.924096, "fair_value": 42.602367, "relative_strength": -20.275149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.202405, "energy": 34.761637, "activity_lines": [ 38.836087, 39.055047, 39.505997, 40.601674 ] }, { "date": "2024-03-08", "close": 36.128407, "volume": 83131, "typical_volume": 67380.0, "trend": 42.293135, "fair_value": 42.476327, "relative_strength": -27.052735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.246905, "energy": 41.516891, "activity_lines": [ 38.050891, 38.395618, 39.172823, 40.163243 ] }, { "date": "2024-03-15", "close": 35.240383, "volume": 69460, "typical_volume": 68578.2, "trend": 41.819524, "fair_value": 42.332131, "relative_strength": -29.104406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.352095, "energy": 45.661934, "activity_lines": [ 37.100553, 37.716643, 38.780669, 39.708227 ] }, { "date": "2024-03-22", "close": 36.502308, "volume": 108943, "typical_volume": 70606.4, "trend": 41.391093, "fair_value": 42.20361, "relative_strength": -27.440411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.911952, "energy": 50.803629, "activity_lines": [ 36.714186, 37.376731, 38.530065, 39.36518 ] }, { "date": "2024-03-29", "close": 41.596741, "volume": 134322, "typical_volume": 71383.3, "trend": 41.035885, "fair_value": 42.088781, "relative_strength": -18.458932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.319651, "energy": 21.807485, "activity_lines": [ 38.091397, 38.060805, 38.780669, 39.378448 ] }, { "date": "2024-04-05", "close": 38.465302, "volume": 160983, "typical_volume": 72617.2, "trend": 40.616802, "fair_value": 41.956046, "relative_strength": -23.043538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.91425, "energy": 19.571954, "activity_lines": [ 38.321971, 38.127938, 38.713679, 39.212604 ] }, { "date": "2024-04-12", "close": 39.960911, "volume": 98175, "typical_volume": 71701.85, "trend": 40.34728, "fair_value": 41.829105, "relative_strength": -18.666587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.551587, "energy": 14.755155, "activity_lines": [ 39.113399, 38.478047, 38.796916, 39.170288 ] }, { "date": "2024-04-19", "close": 38.839203, "volume": 61296, "typical_volume": 71327.35, "trend": 39.943776, "fair_value": 41.682511, "relative_strength": -19.866533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.473894, "energy": 19.160825, "activity_lines": [ 39.275424, 38.590218, 38.759971, 39.072993 ] }, { "date": "2024-04-26", "close": 40.381554, "volume": 53195, "typical_volume": 70287.8, "trend": 39.666464, "fair_value": 41.553931, "relative_strength": -18.365936, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.943785, "energy": 12.822224, "activity_lines": [ 39.711644, 38.956473, 38.863685, 39.101237 ] }, { "date": "2024-05-03", "close": 40.381554, "volume": 33495, "typical_volume": 69924.6, "trend": 39.479513, "fair_value": 41.443775, "relative_strength": -17.369112, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.696309, "energy": 15.216763, "activity_lines": [ 39.889248, 39.270042, 38.965173, 39.147372 ] }, { "date": "2024-05-10", "close": 43.185829, "volume": 94564, "typical_volume": 72464.7, "trend": 39.440564, "fair_value": 41.352679, "relative_strength": -14.816868, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.407426, "energy": 37.971989, "activity_lines": [ 41.082623, 40.08753, 39.331732, 39.386489 ] }, { "date": "2024-05-17", "close": 43.326042, "volume": 89139, "typical_volume": 75026.7, "trend": 39.501324, "fair_value": 41.271152, "relative_strength": -13.89888, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.566998, "energy": 59.983867, "activity_lines": [ 42.008033, 40.86168, 39.704522, 39.637165 ] }, { "date": "2024-05-24", "close": 41.923904, "volume": 76183, "typical_volume": 76220.1, "trend": 39.574546, "fair_value": 41.176843, "relative_strength": -16.277313, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.816296, "energy": 58.659822, "activity_lines": [ 42.241722, 41.250029, 39.946669, 39.79346 ] }, { "date": "2024-05-31", "close": 42.952141, "volume": 93098, "typical_volume": 78990.05, "trend": 39.67737, "fair_value": 41.083707, "relative_strength": -12.992935, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.716611, "energy": 62.001621, "activity_lines": [ 42.612511, 41.703812, 40.283627, 40.01137 ] }, { "date": "2024-06-07", "close": 44.167324, "volume": 114528, "typical_volume": 82542.95, "trend": 39.898596, "fair_value": 40.997819, "relative_strength": -10.579921, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.938684, "energy": 61.940345, "activity_lines": [ 43.216987, 42.261268, 40.731198, 40.301044 ] }, { "date": "2024-06-14", "close": 42.344543, "volume": 124845, "typical_volume": 85828.9, "trend": 39.973376, "fair_value": 40.903498, "relative_strength": -11.254587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.118005, "energy": 40.968445, "activity_lines": [ 42.961486, 42.440571, 40.980467, 40.458847 ] }, { "date": "2024-06-21", "close": 41.550003, "volume": 90279, "typical_volume": 88593.7, "trend": 40.119822, "fair_value": 40.820601, "relative_strength": -13.005989, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.187996, "energy": 31.990912, "activity_lines": [ 42.497223, 42.40488, 41.138486, 40.560565 ] }, { "date": "2024-06-28", "close": 39.049999, "volume": 82533, "typical_volume": 89956.2, "trend": 40.17047, "fair_value": 40.705048, "relative_strength": -17.744219, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.110737, "energy": 12.243357, "activity_lines": [ 41.318028, 41.885751, 41.041939, 40.491544 ] }, { "date": "2024-07-05", "close": 38.599998, "volume": 91450, "typical_volume": 92660.95, "trend": 40.126664, "fair_value": 40.592709, "relative_strength": -18.820575, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.233429, "energy": 16.616406, "activity_lines": [ 40.180427, 41.280971, 40.894632, 40.390224 ] }, { "date": "2024-07-12", "close": 37.349998, "volume": 86865, "typical_volume": 91511.0, "trend": 40.039634, "fair_value": 40.473465, "relative_strength": -21.648257, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -27.293318, "energy": 30.333281, "activity_lines": [ 38.916302, 40.48131, 40.622963, 40.211084 ] }, { "date": "2024-07-19", "close": 31.9, "volume": 192547, "typical_volume": 96951.55, "trend": 39.713293, "fair_value": 40.322058, "relative_strength": -30.035027, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -59.169976, "energy": 67.748897, "activity_lines": [ 36.289999, 38.745859, 39.845124, 39.685946 ] }, { "date": "2024-07-26", "close": 29.35, "volume": 123562, "typical_volume": 98973.1, "trend": 39.227172, "fair_value": 40.140999, "relative_strength": -35.574869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.603885, "energy": 88.925359, "activity_lines": [ 33.509999, 36.751969, 38.860142, 39.017347 ] }, { "date": "2024-08-02", "close": 29.35, "volume": 78352, "typical_volume": 99417.7, "trend": 38.829853, "fair_value": 39.968811, "relative_strength": -31.886826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.360692, "energy": 90.940168, "activity_lines": [ 31.543333, 35.012189, 37.907438, 38.38011 ] }, { "date": "2024-08-09", "close": 32.599998, "volume": 69076, "typical_volume": 97424.35, "trend": 38.520614, "fair_value": 39.824108, "relative_strength": -23.621515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.129647, "energy": 83.327888, "activity_lines": [ 31.306666, 34.091934, 37.292308, 37.978184 ] }, { "date": "2024-08-16", "close": 31.450001, "volume": 42232, "typical_volume": 92819.85, "trend": 38.269634, "fair_value": 39.688663, "relative_strength": -27.886945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.251818, "energy": 79.16925, "activity_lines": [ 31.086666, 33.150809, 36.586236, 37.522015 ] }, { "date": "2024-08-23", "close": 31.0, "volume": 31549, "typical_volume": 86348.15, "trend": 38.000537, "fair_value": 39.538139, "relative_strength": -29.250241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.815382, "energy": 60.871742, "activity_lines": [ 31.11, 32.359091, 35.885625, 37.053006 ] }, { "date": "2024-08-30", "close": 31.5, "volume": 39723, "typical_volume": 83425.55, "trend": 37.780824, "fair_value": 39.363102, "relative_strength": -28.191497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.443897, "energy": 50.581619, "activity_lines": [ 31.36, 31.864545, 35.268183, 36.633617 ] }, { "date": "2024-09-06", "close": 29.35, "volume": 25620, "typical_volume": 81641.75, "trend": 37.512813, "fair_value": 39.175945, "relative_strength": -29.929087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.68572, "energy": 54.994903, "activity_lines": [ 30.75, 31.161818, 34.486268, 36.089693 ] }, { "date": "2024-09-13", "close": 30.049999, "volume": 38049, "typical_volume": 80884.45, "trend": 37.26502, "fair_value": 38.996602, "relative_strength": -28.9374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.984576, "energy": 52.06084, "activity_lines": [ 30.373333, 30.762727, 33.816206, 35.608221 ] }, { "date": "2024-09-20", "close": 31.6, "volume": 50475, "typical_volume": 81733.45, "trend": 36.983207, "fair_value": 38.821098, "relative_strength": -24.33329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.793025, "energy": 46.193206, "activity_lines": [ 30.683333, 30.800909, 33.342962, 35.242736 ] }, { "date": "2024-09-27", "close": 30.799999, "volume": 53941, "typical_volume": 79702.3, "trend": 36.696538, "fair_value": 38.673726, "relative_strength": -28.121873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.202051, "energy": 44.990492, "activity_lines": [ 30.716666, 30.798181, 32.835344, 34.843819 ] }, { "date": "2024-10-04", "close": 31.35, "volume": 31294, "typical_volume": 76810.05, "trend": 36.537258, "fair_value": 38.522118, "relative_strength": -24.579062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.179682, "energy": 35.372463, "activity_lines": [ 30.946666, 30.915454, 32.439087, 34.498881 ] }, { "date": "2024-10-11", "close": 31.0, "volume": 33120, "typical_volume": 74656.9, "trend": 36.395912, "fair_value": 38.356072, "relative_strength": -25.524623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.941128, "energy": 30.994742, "activity_lines": [ 31.07, 30.932727, 32.066526, 34.141639 ] }, { "date": "2024-10-18", "close": 32.599998, "volume": 36535, "typical_volume": 71828.75, "trend": 36.265835, "fair_value": 38.204717, "relative_strength": -22.010321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.153414, "energy": 27.027931, "activity_lines": [ 31.616666, 31.210909, 31.898363, 33.896741 ] }, { "date": "2024-10-25", "close": 26.5, "volume": 161519, "typical_volume": 74178.3, "trend": 35.76261, "fair_value": 38.023128, "relative_strength": -35.184892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.051204, "energy": 48.264816, "activity_lines": [ 29.959999, 30.379999, 31.198545, 33.266687 ] }, { "date": "2024-11-01", "close": 22.049999, "volume": 170618, "typical_volume": 76466.95, "trend": 35.215433, "fair_value": 37.827428, "relative_strength": -44.736068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.945793, "energy": 81.947844, "activity_lines": [ 27.159999, 28.829999, 30.159047, 32.382003 ] }, { "date": "2024-11-08", "close": 20.950001, "volume": 259797, "typical_volume": 84942.85, "trend": 34.581736, "fair_value": 37.631328, "relative_strength": -46.705867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.533246, "energy": 94.421154, "activity_lines": [ 24.576666, 27.242727, 29.111428, 31.461652 ] }, { "date": "2024-11-15", "close": 15.1, "volume": 423028, "typical_volume": 101967.6, "trend": 33.790429, "fair_value": 37.410478, "relative_strength": -60.941888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.222374, "energy": 97.118746, "activity_lines": [ 20.736667, 24.783636, 27.604762, 30.204766 ] }, { "date": "2024-11-22", "close": 12.88, "volume": 318389, "typical_volume": 113314.55, "trend": 32.873711, "fair_value": 37.205887, "relative_strength": -66.345832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.429498, "energy": 96.756597, "activity_lines": [ 17.216667, 22.18, 26.000714, 28.855706 ] }, { "date": "2024-11-29", "close": 13.3, "volume": 610518, "typical_volume": 139497.2, "trend": 31.970993, "fair_value": 37.007869, "relative_strength": -65.242738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.642192, "energy": 93.295976, "activity_lines": [ 15.151333, 19.964909, 24.559143, 27.592886 ] }, { "date": "2024-12-06", "close": 14.06, "volume": 249190, "typical_volume": 142329.35, "trend": 31.000132, "fair_value": 36.812505, "relative_strength": -64.02281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.898203, "energy": 88.806099, "activity_lines": [ 14.219333, 18.220727, 23.304476, 26.437338 ] }, { "date": "2024-12-13", "close": 12.5, "volume": 171084, "typical_volume": 144705.45, "trend": 29.972597, "fair_value": 36.602153, "relative_strength": -67.469458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.029146, "energy": 86.3303, "activity_lines": [ 13.3, 16.497273, 21.98619, 25.243781 ] }, { "date": "2024-12-20", "close": 12.1, "volume": 148911, "typical_volume": 148233.4, "trend": 28.978467, "fair_value": 36.387018, "relative_strength": -67.050133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.339041, "energy": 69.899788, "activity_lines": [ 12.810667, 15.043818, 20.710047, 24.09071 ] }, { "date": "2024-12-27", "close": 12.0, "volume": 39349, "typical_volume": 146747.05, "trend": 27.946729, "fair_value": 36.157384, "relative_strength": -66.785856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.60914, "energy": 68.65974, "activity_lines": [ 12.488, 13.915818, 19.506524, 22.995325 ] }, { "date": "2025-01-03", "close": 12.76, "volume": 43018, "typical_volume": 146786.35, "trend": 26.899818, "fair_value": 35.92486, "relative_strength": -63.833308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.312597, "energy": 65.932328, "activity_lines": [ 12.477333, 13.300545, 18.473476, 22.015536 ] }, { "date": "2025-01-10", "close": 12.64, "volume": 83761, "typical_volume": 149396.95, "trend": 25.909666, "fair_value": 35.696557, "relative_strength": -63.985267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.147816, "energy": 63.580543, "activity_lines": [ 12.462667, 12.913273, 17.518, 21.095548 ] }, { "date": "2025-01-17", "close": 13.44, "volume": 68963, "typical_volume": 150858.95, "trend": 24.972666, "fair_value": 35.469501, "relative_strength": -62.251712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.485721, "energy": 60.170266, "activity_lines": [ 12.809333, 12.842545, 16.726143, 20.291054 ] }, { "date": "2025-01-24", "close": 17.48, "volume": 284233, "typical_volume": 163789.6, "trend": 24.253666, "fair_value": 35.281093, "relative_strength": -51.213841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.794638, "energy": 44.716212, "activity_lines": [ 14.44, 13.642909, 16.405048, 19.807656 ] }, { "date": "2025-01-31", "close": 15.18, "volume": 116937, "typical_volume": 167734.0, "trend": 23.473, "fair_value": 35.074615, "relative_strength": -57.532965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.387133, "energy": 36.741576, "activity_lines": [ 14.945333, 13.981818, 15.921429, 19.222258 ] }, { "date": "2025-02-07", "close": 14.28, "volume": 73993, "typical_volume": 168909.9, "trend": 22.704, "fair_value": 34.877889, "relative_strength": -59.414349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.606931, "energy": 30.446986, "activity_lines": [ 14.938667, 14.115273, 15.422905, 18.629161 ] }, { "date": "2025-02-14", "close": 14.42, "volume": 64363, "typical_volume": 169431.0, "trend": 22.121333, "fair_value": 34.687605, "relative_strength": -59.593368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.373725, "energy": 31.012662, "activity_lines": [ 14.877333, 14.256364, 15.02019, 18.09471 ] }, { "date": "2025-02-21", "close": 14.6, "volume": 48051, "typical_volume": 170268.85, "trend": 21.629666, "fair_value": 34.50679, "relative_strength": -57.833217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.649036, "energy": 39.193453, "activity_lines": [ 14.757333, 14.423636, 14.712619, 17.609462 ] }, { "date": "2025-02-28", "close": 14.1, "volume": 39738, "typical_volume": 170599.75, "trend": 21.121333, "fair_value": 34.347993, "relative_strength": -58.94244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.21107, "energy": 44.104065, "activity_lines": [ 14.393333, 14.461818, 14.43719, 17.123677 ] }, { "date": "2025-03-07", "close": 14.4, "volume": 85141, "typical_volume": 173030.05, "trend": 20.514667, "fair_value": 34.207472, "relative_strength": -58.161793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.337557, "energy": 39.741465, "activity_lines": [ 14.354667, 14.518182, 14.27081, 16.690043 ] }, { "date": "2025-03-14", "close": 14.08, "volume": 40144, "typical_volume": 166961.3, "trend": 19.935667, "fair_value": 34.0649, "relative_strength": -58.327751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.739096, "energy": 39.030643, "activity_lines": [ 14.261333, 14.472727, 14.160619, 16.274903 ] }, { "date": "2025-03-21", "close": 14.1, "volume": 173914, "typical_volume": 167126.1, "trend": 19.372333, "fair_value": 33.934929, "relative_strength": -57.319479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.341385, "energy": 35.585882, "activity_lines": [ 14.188, 14.406909, 14.111476, 15.898409 ] }, { "date": "2025-03-28", "close": 14.92, "volume": 81734, "typical_volume": 158222.95, "trend": 18.819667, "fair_value": 33.789426, "relative_strength": -52.979228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.876865, "energy": 27.769835, "activity_lines": [ 14.409333, 14.463636, 14.178286, 15.611161 ] }, { "date": "2025-04-04", "close": 13.26, "volume": 50274, "typical_volume": 139585.25, "trend": 18.283333, "fair_value": 33.641044, "relative_strength": -53.595437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.546241, "energy": 32.282348, "activity_lines": [ 14.056, 14.191636, 14.115714, 15.252473 ] }, { "date": "2025-04-11", "close": 13.18, "volume": 56567, "typical_volume": 126494.15, "trend": 17.721, "fair_value": 33.487159, "relative_strength": -52.219625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.454221, "energy": 35.400516, "activity_lines": [ 13.732, 13.981818, 14.054286, 14.923226 ] }, { "date": "2025-04-18", "close": 13.56, "volume": 21245, "typical_volume": 97030.5, "trend": 17.119667, "fair_value": 33.340145, "relative_strength": -51.706777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.150842, "energy": 32.604657, "activity_lines": [ 13.616, 13.877455, 14.027619, 14.654774 ] }, { "date": "2025-04-25", "close": 12.38, "volume": 65433, "typical_volume": 87842.65, "trend": 16.505667, "fair_value": 33.196099, "relative_strength": -56.921147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.269849, "energy": 45.422245, "activity_lines": [ 13.141333, 13.571636, 13.887333, 14.348989 ] }, { "date": "2025-05-02", "close": 13.4, "volume": 44399, "typical_volume": 81508.4, "trend": 15.907333, "fair_value": 33.068017, "relative_strength": -53.936845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.021857, "energy": 39.45405, "activity_lines": [ 13.121333, 13.488364, 13.85219, 14.148624 ] }, { "date": "2025-05-09", "close": 13.76, "volume": 26062, "typical_volume": 75365.95, "trend": 15.332667, "fair_value": 32.972176, "relative_strength": -52.281052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.921197, "energy": 31.949295, "activity_lines": [ 13.322667, 13.492364, 13.847048, 14.010086 ] }, { "date": "2025-05-16", "close": 13.82, "volume": 67195, "typical_volume": 76758.25, "trend": 14.706667, "fair_value": 32.882819, "relative_strength": -51.289215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.444109, "energy": 25.708737, "activity_lines": [ 13.510667, 13.513455, 13.839714, 13.912495 ] }, { "date": "2025-05-23", "close": 13.68, "volume": 25146, "typical_volume": 75864.65, "trend": 14.279333, "fair_value": 32.785088, "relative_strength": -50.165642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.177989, "energy": 14.345903, "activity_lines": [ 13.609333, 13.519636, 13.810381, 13.846258 ] }, { "date": "2025-05-30", "close": 13.3, "volume": 19771, "typical_volume": 72665.15, "trend": 13.987667, "fair_value": 32.691896, "relative_strength": -50.854556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.380549, "energy": 14.531378, "activity_lines": [ 13.573333, 13.464, 13.740476, 13.783075 ] }, { "date": "2025-06-06", "close": 13.4, "volume": 17476, "typical_volume": 70090.8, "trend": 13.736, "fair_value": 32.606902, "relative_strength": -49.53677, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.235521, "energy": 6.129083, "activity_lines": [ 13.509333, 13.441091, 13.676952, 13.745161 ] }, { "date": "2025-06-13", "close": 13.48, "volume": 17103, "typical_volume": 56734.3, "trend": 13.682, "fair_value": 32.53114, "relative_strength": -45.837961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.849187, "energy": 7.016663, "activity_lines": [ 13.472, 13.460364, 13.621238, 13.728645 ] }, { "date": "2025-06-20", "close": 13.44, "volume": 20301, "typical_volume": 51902.5, "trend": 13.700667, "fair_value": 32.456865, "relative_strength": -43.869432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.714995, "energy": 12.646606, "activity_lines": [ 13.44, 13.468364, 13.580762, 13.713032 ] }, { "date": "2025-06-27", "close": 13.18, "volume": 17297, "typical_volume": 49067.7, "trend": 13.696667, "fair_value": 32.398361, "relative_strength": -44.871864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.060994, "energy": 27.203136, "activity_lines": [ 13.346667, 13.424364, 13.52381, 13.679441 ] }, { "date": "2025-07-04", "close": 13.4, "volume": 27828, "typical_volume": 47240.95, "trend": 13.674667, "fair_value": 32.325574, "relative_strength": -41.651367, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.981277, "energy": 24.719729, "activity_lines": [ 13.36, 13.427273, 13.493048, 13.660301 ] }, { "date": "2025-07-11", "close": 13.3, "volume": 10898, "typical_volume": 45383.3, "trend": 13.701333, "fair_value": 32.228895, "relative_strength": -41.522043, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.45504, "energy": 28.245549, "activity_lines": [ 13.333333, 13.393455, 13.457619, 13.636129 ] }, { "date": "2025-07-18", "close": 13.14, "volume": 15676, "typical_volume": 44180.2, "trend": 13.736, "fair_value": 32.141071, "relative_strength": -40.83317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.380919, "energy": 33.172727, "activity_lines": [ 13.26, 13.332364, 13.413143, 13.599914 ] }, { "date": "2025-07-25", "close": 13.46, "volume": 57983, "typical_volume": 42822.3, "trend": 13.784667, "fair_value": 32.05588, "relative_strength": -37.855586, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.625671, "energy": 24.788771, "activity_lines": [ 13.316, 13.340727, 13.403714, 13.582108 ] }, { "date": "2025-08-01", "close": 13.34, "volume": 26896, "typical_volume": 42159.9, "trend": 13.804, "fair_value": 31.968758, "relative_strength": -34.797049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.395697, "energy": 24.198841, "activity_lines": [ 13.330667, 13.333818, 13.387333, 13.553419 ] }, { "date": "2025-08-08", "close": 13.48, "volume": 36056, "typical_volume": 35267.0, "trend": 13.832, "fair_value": 31.855795, "relative_strength": -34.267196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.037975, "energy": 15.775392, "activity_lines": [ 13.381333, 13.358545, 13.38781, 13.532516 ] }, { "date": "2025-08-15", "close": 15.68, "volume": 164149, "typical_volume": 39387.75, "trend": 13.906667, "fair_value": 31.769722, "relative_strength": -22.266348, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.993819, "energy": 48.485423, "activity_lines": [ 14.16, 13.78, 13.600762, 13.651742 ] }, { "date": "2025-08-22", "close": 16.9, "volume": 228014, "typical_volume": 48274.75, "trend": 13.887333, "fair_value": 31.695538, "relative_strength": -14.30064, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 61.659618, "energy": 78.343223, "activity_lines": [ 15.186667, 14.381818, 13.926286, 13.84486 ] }, { "date": "2025-08-29", "close": 17.0, "volume": 95604, "typical_volume": 50226.6, "trend": 13.948, "fair_value": 31.621415, "relative_strength": -10.09173, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 86.114057, "energy": 92.783662, "activity_lines": [ 15.996, 14.939636, 14.244, 14.045677 ] }, { "date": "2025-09-05", "close": 16.799999, "volume": 121350, "typical_volume": 55231.85, "trend": 14.032, "fair_value": 31.548334, "relative_strength": -8.006, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.223625, "energy": 89.118811, "activity_lines": [ 16.502666, 15.396363, 14.524476, 14.229677 ] }, { "date": "2025-09-12", "close": 18.02, "volume": 180283, "typical_volume": 60974.35, "trend": 14.152, "fair_value": 31.497605, "relative_strength": 0.364646, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.173787, "energy": 93.559742, "activity_lines": [ 17.185333, 16.009091, 14.905714, 14.486968 ] }, { "date": "2025-09-19", "close": 19.860001, "volume": 137529, "typical_volume": 65630.85, "trend": 14.327333, "fair_value": 31.472041, "relative_strength": 13.32666, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.226955, "energy": 96.078485, "activity_lines": [ 18.178667, 16.872364, 15.435333, 14.855226 ] }, { "date": "2025-09-26", "close": 15.9, "volume": 197058, "typical_volume": 74180.65, "trend": 14.387333, "fair_value": 31.418766, "relative_strength": -7.463732, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.131541, "energy": 57.139816, "activity_lines": [ 17.573333, 16.896364, 15.557048, 14.956688 ] }, { "date": "2025-10-03", "close": 17.32, "volume": 80070, "typical_volume": 74824.4, "trend": 14.484667, "fair_value": 31.365876, "relative_strength": 0.641469, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.990561, "energy": 51.075298, "activity_lines": [ 17.508, 17.128364, 15.80381, 15.145892 ] }, { "date": "2025-10-10", "close": 15.86, "volume": 68572, "typical_volume": 76995.7, "trend": 14.544, "fair_value": 31.308857, "relative_strength": -4.868832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.252519, "energy": 34.419901, "activity_lines": [ 16.934667, 17.024727, 15.894857, 15.234624 ] }, { "date": "2025-10-17", "close": 16.16, "volume": 56350, "typical_volume": 78824.65, "trend": 14.612667, "fair_value": 31.249693, "relative_strength": 1.379149, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.293281, "energy": 22.684696, "activity_lines": [ 16.524, 16.929818, 16.004095, 15.338882 ] }, { "date": "2025-10-24", "close": 15.84, "volume": 31520, "typical_volume": 79526.85, "trend": 14.643333, "fair_value": 31.188478, "relative_strength": -0.274562, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.198061, "energy": 20.197049, "activity_lines": [ 16.130667, 16.728, 16.069238, 15.418065 ] }, { "date": "2025-10-31", "close": 15.02, "volume": 38105, "typical_volume": 80576.95, "trend": 14.702, "fair_value": 31.127238, "relative_strength": -2.848086, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.720038, "energy": 18.580675, "activity_lines": [ 15.732, 16.374182, 16.044667, 15.442366 ] }, { "date": "2025-11-07", "close": 14.1, "volume": 32581, "typical_volume": 81190.95, "trend": 14.732667, "fair_value": 31.063006, "relative_strength": -5.916563, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.361559, "energy": 14.464907, "activity_lines": [ 15.085333, 15.887273, 15.925143, 15.403527 ] }, { "date": "2025-11-14", "close": 14.32, "volume": 79230, "typical_volume": 84287.6, "trend": 14.758, "fair_value": 31.00251, "relative_strength": -5.141146, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.805298, "energy": 23.16462, "activity_lines": [ 14.726667, 15.493091, 15.823429, 15.376903 ] }, { "date": "2025-11-21", "close": 13.2, "volume": 44489, "typical_volume": 85120.65, "trend": 14.785333, "fair_value": 30.919721, "relative_strength": -9.32714, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.444338, "energy": 35.326931, "activity_lines": [ 14.097333, 14.940364, 15.609619, 15.276387 ] }, { "date": "2025-11-28", "close": 13.74, "volume": 22605, "typical_volume": 85706.0, "trend": 14.796667, "fair_value": 30.822375, "relative_strength": -8.284087, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.538262, "energy": 45.044775, "activity_lines": [ 13.845333, 14.573455, 15.44819, 15.208946 ] }, { "date": "2025-12-05", "close": 13.74, "volume": 20586, "typical_volume": 85951.5, "trend": 14.796, "fair_value": 30.730841, "relative_strength": -8.685035, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.412367, "energy": 45.555458, "activity_lines": [ 13.733333, 14.317818, 15.284667, 15.140774 ] }, { "date": "2025-12-12", "close": 13.28, "volume": 15489, "typical_volume": 83826.8, "trend": 14.778, "fair_value": 30.639847, "relative_strength": -12.14867, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.115463, "energy": 45.296769, "activity_lines": [ 13.553333, 14.017818, 15.074476, 15.042968 ] }, { "date": "2025-12-19", "close": 12.7, "volume": 42367, "typical_volume": 84600.35, "trend": 14.745333, "fair_value": 30.533509, "relative_strength": -16.117065, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.897642, "energy": 49.553627, "activity_lines": [ 13.234667, 13.685818, 14.809905, 14.908903 ] }, { "date": "2025-12-26", "close": 12.6, "volume": 14606, "typical_volume": 83527.85, "trend": 14.722, "fair_value": 30.428274, "relative_strength": -16.741501, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.440272, "energy": 63.212623, "activity_lines": [ 12.990667, 13.393091, 14.538857, 14.770495 ] }, { "date": "2026-01-02", "close": 13.84, "volume": 29228, "typical_volume": 76781.8, "trend": 14.736667, "fair_value": 30.317037, "relative_strength": -9.073875, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.475893, "energy": 64.507852, "activity_lines": [ 13.2, 13.390545, 14.390095, 14.713591 ] }, { "date": "2026-01-09", "close": 12.86, "volume": 20384, "typical_volume": 66400.3, "trend": 14.716, "fair_value": 30.185568, "relative_strength": -17.63125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.469516, "energy": 68.045244, "activity_lines": [ 13.076, 13.246182, 14.156762, 14.592516 ] }, { "date": "2026-01-16", "close": 13.5, "volume": 28764, "typical_volume": 63058.3, "trend": 14.718, "fair_value": 30.051807, "relative_strength": -13.358672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.498717, "energy": 48.960171, "activity_lines": [ 13.224, 13.257455, 14.003619, 14.514065 ] }, { "date": "2026-01-23", "close": 13.04, "volume": 25125, "typical_volume": 58247.05, "trend": 14.713333, "fair_value": 29.905798, "relative_strength": -14.192696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.018336, "energy": 35.725429, "activity_lines": [ 13.204, 13.196, 13.823333, 14.405806 ] }, { "date": "2026-01-30", "close": 12.8, "volume": 19245, "typical_volume": 50195.15, "trend": 14.693333, "fair_value": 29.74895, "relative_strength": -14.050711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.941069, "energy": 44.783977, "activity_lines": [ 13.081333, 13.114182, 13.638095, 14.282366 ] }, { "date": "2026-02-06", "close": 12.78, "volume": 22590, "typical_volume": 44448.2, "trend": 14.676, "fair_value": 29.591973, "relative_strength": -14.443621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.442595, "energy": 44.82827, "activity_lines": [ 12.938667, 13.036, 13.47581, 14.158925 ] }, { "date": "2026-02-13", "close": 12.34, "volume": 23013, "typical_volume": 35745.95, "trend": 14.649333, "fair_value": 29.409507, "relative_strength": -17.649937, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.730836, "energy": 73.075351, "activity_lines": [ 12.72, 12.895273, 13.305333, 14.008215 ] }, { "date": "2026-02-20", "close": 12.16, "volume": 11688, "typical_volume": 32326.85, "trend": 14.606, "fair_value": 29.246813, "relative_strength": -19.515053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.641568, "energy": 82.335992, "activity_lines": [ 12.476, 12.747273, 13.134667, 13.847613 ] }, { "date": "2026-02-27", "close": 12.8, "volume": 12589, "typical_volume": 29527.7, "trend": 14.588, "fair_value": 29.086477, "relative_strength": -15.032896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.62876, "energy": 70.951358, "activity_lines": [ 12.534667, 12.736, 13.049524, 13.731097 ] }, { "date": "2026-03-06", "close": 12.56, "volume": 12620, "typical_volume": 27341.2, "trend": 14.557333, "fair_value": 28.933322, "relative_strength": -10.371611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.976245, "energy": 58.123442, "activity_lines": [ 12.529333, 12.679273, 12.956095, 13.600258 ] }, { "date": "2026-03-13", "close": 12.6, "volume": 26055, "typical_volume": 27067.95, "trend": 14.454667, "fair_value": 28.784492, "relative_strength": -9.314337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.196955, "energy": 44.276521, "activity_lines": [ 12.553333, 12.630545, 12.883619, 13.473978 ] }, { "date": "2026-03-20", "close": 11.96, "volume": 29088, "typical_volume": 26617.1, "trend": 14.29, "fair_value": 28.628653, "relative_strength": -9.576991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.187279, "energy": 48.32, "activity_lines": [ 12.376, 12.488, 12.765619, 13.313032 ] }, { "date": "2026-03-27", "close": 12.68, "volume": 25268, "typical_volume": 26251.45, "trend": 14.146, "fair_value": 28.460573, "relative_strength": -3.491579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.714659, "energy": 38.727336, "activity_lines": [ 12.464, 12.492727, 12.730762, 13.209161 ] }, { "date": "2026-04-03", "close": 11.86, "volume": 36561, "typical_volume": 24118.0, "trend": 13.981333, "fair_value": 28.280843, "relative_strength": -12.740317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.006779, "energy": 47.649826, "activity_lines": [ 12.244, 12.363273, 12.624571, 13.061677 ] }, { "date": "2026-04-10", "close": 11.86, "volume": 16347, "typical_volume": 22710.9, "trend": 13.776, "fair_value": 28.078734, "relative_strength": -14.655358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.016482, "energy": 50.985578, "activity_lines": [ 12.086667, 12.255273, 12.530095, 12.924817 ] }, { "date": "2026-04-17", "close": 11.74, "volume": 22747, "typical_volume": 22718.0, "trend": 13.505333, "fair_value": 27.890678, "relative_strength": -18.148325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.785842, "energy": 50.023067, "activity_lines": [ 11.936, 12.142545, 12.430571, 12.793462 ] }, { "date": "2026-04-24", "close": 12.06, "volume": 28434, "typical_volume": 23110.4, "trend": 13.377333, "fair_value": 27.694501, "relative_strength": -13.757442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.203784, "energy": 48.208762, "activity_lines": [ 11.949333, 12.106909, 12.371048, 12.700215 ] }, { "date": "2026-05-01", "close": 12.1, "volume": 7089, "typical_volume": 22690.4, "trend": 13.203333, "fair_value": 27.494511, "relative_strength": -13.817999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.246133, "energy": 39.716331, "activity_lines": [ 11.969333, 12.083636, 12.323333, 12.617806 ] }, { "date": "2026-05-08", "close": 11.92, "volume": 24582, "typical_volume": 21801.15, "trend": 13.072, "fair_value": 27.261108, "relative_strength": -14.990424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.681489, "energy": 35.499285, "activity_lines": [ 11.968, 12.028727, 12.264095, 12.535011 ] }, { "date": "2026-05-15", "close": 12.36, "volume": 35977, "typical_volume": 22869.7, "trend": 12.945333, "fair_value": 27.042732, "relative_strength": -10.22828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.649545, "energy": 21.730434, "activity_lines": [ 12.109333, 12.069818, 12.250476, 12.489075 ] }, { "date": "2026-05-22", "close": 12.56, "volume": 12011, "typical_volume": 22008.85, "trend": 12.836, "fair_value": 26.832032, "relative_strength": -11.994991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.491207, "energy": 13.629286, "activity_lines": [ 12.284, 12.150909, 12.257048, 12.464215 ] }, { "date": "2026-05-29", "close": 12.74, "volume": 13703, "typical_volume": 21674.8, "trend": 12.76, "fair_value": 26.621287, "relative_strength": -11.363343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.358828, "energy": 12.177081, "activity_lines": [ 12.464, 12.265455, 12.286857, 12.458022 ] }, { "date": "2026-06-05", "close": 12.2, "volume": 4449, "typical_volume": 20459.05, "trend": 12.696667, "fair_value": 26.418465, "relative_strength": -13.765644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.39966, "energy": 13.484987, "activity_lines": [ 12.418667, 12.267636, 12.26581, 12.421892 ] }, { "date": "2026-06-12", "close": 11.8, "volume": 2134, "typical_volume": 19309.5, "trend": 12.612667, "fair_value": 26.186715, "relative_strength": -15.907328, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.194134, "energy": 17.690328, "activity_lines": [ 12.233333, 12.205818, 12.212857, 12.364043 ] }, { "date": "2026-06-19", "close": 11.4, "volume": 2830, "typical_volume": 18488.75, "trend": 12.552667, "fair_value": 25.917047, "relative_strength": -19.573662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.038921, "energy": 39.133049, "activity_lines": [ 11.922667, 12.072364, 12.127714, 12.285806 ] }, { "date": "2026-06-26", "close": 10.72, "volume": 4129, "typical_volume": 17565.7, "trend": 12.452, "fair_value": 25.623246, "relative_strength": -23.109765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.980281, "energy": 72.151929, "activity_lines": [ 11.449333, 11.823636, 11.984476, 12.16757 ] }, { "date": "2026-07-03", "close": 12.88, "volume": 18325, "typical_volume": 17331.3, "trend": 12.423333, "fair_value": 25.342094, "relative_strength": -11.395861, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.053047, "energy": 37.125738, "activity_lines": [ 11.818667, 11.986182, 12.056762, 12.195183 ] }, { "date": "2026-07-10", "close": 13.5, "volume": 64199, "typical_volume": 19956.85, "trend": 12.430667, "fair_value": 25.056526, "relative_strength": -4.460238, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.72383, "energy": 4.763897, "activity_lines": [ 12.385333, 12.246545, 12.185524, 12.264645 ] }, { "date": "2026-07-17", "close": 13.3, "volume": 12928, "typical_volume": 19973.8, "trend": 12.450667, "fair_value": 24.778665, "relative_strength": -4.963289, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.878724, "energy": 31.180877, "activity_lines": [ 12.798667, 12.445091, 12.288857, 12.320731 ] }, { "date": "2026-07-24", "close": 12.64, "volume": 15470, "typical_volume": 20116.3, "trend": 12.452, "fair_value": 24.496573, "relative_strength": -10.484473, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.709499, "energy": 31.166072, "activity_lines": [ 12.892, 12.498545, 12.326952, 12.332946 ] }, { "date": "2026-07-31", "close": 12.34, "volume": 13122, "typical_volume": 19469.65, "trend": 12.402, "fair_value": 24.22634, "relative_strength": -14.158937, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.233652, "energy": 33.079556, "activity_lines": [ 12.802667, 12.492364, 12.336095, 12.32572 ] }, { "date": "2026-08-07", "close": 12.32, "volume": 21698, "typical_volume": 19100.15, "trend": 12.384, "fair_value": 23.952383, "relative_strength": -16.287839, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.880881, "energy": 19.820476, "activity_lines": [ 12.598667, 12.486545, 12.344571, 12.32043 ] } ], "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." } } }