{ "ticker": { "uuid": "2715b414-640f-44e1-8f0b-3321e67bc072", "symbol": "AEDAS", "name": "Aedas Homes, S.A.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -80.866, "architecture_energy": 79.827, "architecture_maturity": 16.786, "architecture_confidence": 76.882, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.08, "rotation_up": 9.27, "upward_expansion": 17.02, "deceleration": 38.38, "rotation_down": 79.87, "downward_expansion": 92.69 }, "activity_lines": [ 21.683333, 22.135454, 22.630476, 22.852365 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 21.200001, "trend_reference": 23.165, "distance_from_trend": -0.084826, "trend_direction": "Weakening", "fair_value": 19.792956, "distance_from_fair_value": 0.071088, "fair_value_direction": "Weakening", "relative_strength": -20.09602, "relative_strength_direction": "Weakening", "price_momentum": -0.114823, "excess_performance": -0.239253, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.084826, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.007285, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.071088, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.164669, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.20096, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.116701, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.114823, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.970042, "read": "Supply-led" } ], "volume": { "latest": 8944, "relative_activity": 0.221192, "balance": 0.970042, "dry_up": 0.266604, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.0332, "annualized_volatility": 0.130352, "from_high_reference": -0.120332, "from_low_reference": 0.014354 }, "levels": { "trend_reference": 23.165, "fair_value_reference": 19.792956, "structural_low": 21.15, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.001179, "positive_rate": 0.5, "directional_follow_through": 0.444444, "median_excess_return": -0.014482, "regime_survival": 0.777778, "best_return": 0.159921, "worst_return": -0.172727, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.001202, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.00875, "regime_survival": 0.428571, "best_return": 0.399164, "worst_return": -0.245262, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.01418, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.087997, "regime_survival": 0.5, "best_return": 0.413839, "worst_return": -0.315049, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.043981, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.312935, "regime_survival": 0.666667, "best_return": 0.52565, "worst_return": -0.368559, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-04-14", "end": "2023-04-28", "tenure": "New", "return": -0.001437, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-05-05", "end": "2023-08-18", "tenure": "Established", "return": 0.233008, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-25", "end": "2023-11-24", "tenure": "Established", "return": 0.047273, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-11-22", "tenure": "Extended", "return": 0.725368, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2025-01-03", "tenure": "Developing", "return": 0.080077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-10", "end": "2025-04-04", "tenure": "Established", "return": -0.013725, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-06-27", "tenure": "Developing", "return": -0.063462, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": 0.025673, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-11-21", "tenure": "Established", "return": -0.013889, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": 0.010571, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-06", "tenure": "Developing", "return": -0.014675, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-05-15", "tenure": "Developing", "return": 0.021645, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-03", "tenure": "Developing", "return": -0.014989, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.020785, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.441937, "volume": 118177, "typical_volume": 149595.0, "trend": 9.9423, "fair_value": 11.27474, "relative_strength": 13.2704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.904465, "energy": 38.069422, "activity_lines": [ 11.603381, 11.752485, 11.103718, 10.542641 ] }, { "date": "2023-08-25", "close": 11.72621, "volume": 79977, "typical_volume": 143103.05, "trend": 10.004688, "fair_value": 11.285623, "relative_strength": 15.314618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.678256, "energy": 32.807317, "activity_lines": [ 11.600182, 11.757545, 11.220846, 10.657732 ] }, { "date": "2023-09-01", "close": 11.21452, "volume": 315947, "typical_volume": 154165.25, "trend": 10.066033, "fair_value": 11.294039, "relative_strength": 9.337997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.371385, "energy": 28.692381, "activity_lines": [ 11.471312, 11.649088, 11.276385, 10.735786 ] }, { "date": "2023-09-08", "close": 11.498792, "volume": 52114, "typical_volume": 152274.95, "trend": 10.140139, "fair_value": 11.30509, "relative_strength": 13.297204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.765143, "energy": 25.593048, "activity_lines": [ 11.478893, 11.593985, 11.349784, 10.828222 ] }, { "date": "2023-09-15", "close": 11.513006, "volume": 51469, "typical_volume": 149813.95, "trend": 10.223342, "fair_value": 11.3184, "relative_strength": 11.374292, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.851859, "energy": 24.859766, "activity_lines": [ 11.473208, 11.550573, 11.414414, 10.916794 ] }, { "date": "2023-09-22", "close": 11.697781, "volume": 59837, "typical_volume": 149922.9, "trend": 10.314756, "fair_value": 11.333437, "relative_strength": 13.67113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.515493, "energy": 27.095925, "activity_lines": [ 11.54617, 11.554451, 11.485943, 11.011919 ] }, { "date": "2023-09-29", "close": 11.498792, "volume": 59060, "typical_volume": 151139.7, "trend": 10.399949, "fair_value": 11.343811, "relative_strength": 12.609843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.018511, "energy": 29.992362, "activity_lines": [ 11.535747, 11.530062, 11.527006, 11.088308 ] }, { "date": "2023-10-06", "close": 11.043957, "volume": 81815, "typical_volume": 152516.2, "trend": 10.485583, "fair_value": 11.35242, "relative_strength": 10.383819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.616193, "energy": 14.729798, "activity_lines": [ 11.388873, 11.439353, 11.513423, 11.129857 ] }, { "date": "2023-10-13", "close": 11.441937, "volume": 56625, "typical_volume": 151517.35, "trend": 10.610762, "fair_value": 11.364462, "relative_strength": 14.273278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.540171, "energy": 14.152462, "activity_lines": [ 11.38603, 11.435477, 11.527944, 11.191557 ] }, { "date": "2023-10-20", "close": 11.058171, "volume": 52816, "typical_volume": 147866.35, "trend": 10.710009, "fair_value": 11.374789, "relative_strength": 12.785708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.396437, "energy": 9.758077, "activity_lines": [ 11.259056, 11.357948, 11.494033, 11.220423 ] }, { "date": "2023-10-27", "close": 10.873394, "volume": 75506, "typical_volume": 141827.65, "trend": 10.783132, "fair_value": 11.386911, "relative_strength": 11.897951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.766984, "energy": 13.438164, "activity_lines": [ 11.100811, 11.259745, 11.434944, 11.230964 ] }, { "date": "2023-11-03", "close": 11.854132, "volume": 88952, "typical_volume": 138766.15, "trend": 10.877391, "fair_value": 11.404779, "relative_strength": 16.545675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.574234, "energy": 12.32202, "activity_lines": [ 11.324439, 11.350195, 11.46605, 11.30006 ] }, { "date": "2023-11-10", "close": 11.754638, "volume": 108119, "typical_volume": 133437.75, "trend": 10.959889, "fair_value": 11.419706, "relative_strength": 14.148935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.20271, "energy": 17.957684, "activity_lines": [ 11.491212, 11.42023, 11.481707, 11.356657 ] }, { "date": "2023-11-17", "close": 11.896772, "volume": 75211, "typical_volume": 123246.3, "trend": 11.044013, "fair_value": 11.432089, "relative_strength": 10.596746, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.535854, "energy": 28.590583, "activity_lines": [ 11.657984, 11.506287, 11.508765, 11.417101 ] }, { "date": "2023-11-24", "close": 12.28054, "volume": 158929, "typical_volume": 119869.05, "trend": 11.144486, "fair_value": 11.449709, "relative_strength": 11.783972, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.333758, "energy": 53.437527, "activity_lines": [ 11.922357, 11.654883, 11.572863, 11.496877 ] }, { "date": "2023-12-01", "close": 12.337395, "volume": 79883, "typical_volume": 115166.4, "trend": 11.246409, "fair_value": 11.464239, "relative_strength": 9.845118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.54124, "energy": 69.246705, "activity_lines": [ 12.124191, 11.799862, 11.642307, 11.573839 ] }, { "date": "2023-12-08", "close": 12.067335, "volume": 70297, "typical_volume": 111127.4, "trend": 11.344664, "fair_value": 11.472839, "relative_strength": 6.28383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.246729, "energy": 64.08126, "activity_lines": [ 12.138404, 11.88411, 11.685058, 11.626802 ] }, { "date": "2023-12-15", "close": 12.237899, "volume": 78631, "typical_volume": 99452.05, "trend": 11.453048, "fair_value": 11.48287, "relative_strength": 8.669596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.401478, "energy": 59.777379, "activity_lines": [ 12.195258, 11.989032, 11.745635, 11.68443 ] }, { "date": "2023-12-22", "close": 12.650092, "volume": 94978, "typical_volume": 93461.95, "trend": 11.576505, "fair_value": 11.492834, "relative_strength": 11.698921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.971877, "energy": 57.7529, "activity_lines": [ 12.357293, 12.14719, 11.843573, 11.761658 ] }, { "date": "2023-12-29", "close": 12.948578, "volume": 93348, "typical_volume": 92584.55, "trend": 11.69258, "fair_value": 11.504373, "relative_strength": 13.95549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.054681, "energy": 58.129574, "activity_lines": [ 12.568601, 12.337652, 11.96317, 11.850179 ] }, { "date": "2024-01-05", "close": 13.005431, "volume": 74540, "typical_volume": 90402.7, "trend": 11.786105, "fair_value": 11.515259, "relative_strength": 13.235758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.639979, "energy": 71.873763, "activity_lines": [ 12.754325, 12.50408, 12.082564, 11.934879 ] }, { "date": "2024-01-12", "close": 13.190208, "volume": 100255, "typical_volume": 91416.6, "trend": 11.872457, "fair_value": 11.529194, "relative_strength": 15.107401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.246317, "energy": 78.314424, "activity_lines": [ 12.957105, 12.66534, 12.212111, 12.025467 ] }, { "date": "2024-01-19", "close": 13.190208, "volume": 69371, "typical_volume": 79087.8, "trend": 11.935254, "fair_value": 11.543467, "relative_strength": 17.268751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.187441, "energy": 78.757164, "activity_lines": [ 13.085028, 12.802307, 12.334686, 12.110483 ] }, { "date": "2024-01-26", "close": 13.104927, "volume": 55445, "typical_volume": 79254.35, "trend": 11.972098, "fair_value": 11.558209, "relative_strength": 15.143798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.025718, "energy": 73.929217, "activity_lines": [ 13.121035, 12.897667, 12.439731, 12.185946 ] }, { "date": "2024-02-02", "close": 12.792228, "volume": 187047, "typical_volume": 86033.25, "trend": 11.98963, "fair_value": 11.569084, "relative_strength": 10.516564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.576847, "energy": 53.451034, "activity_lines": [ 13.022488, 12.914206, 12.507347, 12.238857 ] }, { "date": "2024-02-09", "close": 13.374985, "volume": 127245, "typical_volume": 89403.65, "trend": 12.031032, "fair_value": 11.585219, "relative_strength": 16.835614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.64777, "energy": 51.610899, "activity_lines": [ 13.128616, 13.027398, 12.624372, 12.328235 ] }, { "date": "2024-02-16", "close": 12.991219, "volume": 93470, "typical_volume": 91124.15, "trend": 12.050753, "fair_value": 11.600418, "relative_strength": 12.947045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.465174, "energy": 40.588547, "activity_lines": [ 13.082185, 13.051949, 12.696862, 12.390182 ] }, { "date": "2024-02-23", "close": 13.019646, "volume": 99487, "typical_volume": 92007.75, "trend": 12.090077, "fair_value": 11.619186, "relative_strength": 9.898986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.359684, "energy": 33.177923, "activity_lines": [ 13.058496, 13.064871, 12.764952, 12.452692 ] }, { "date": "2024-03-01", "close": 13.289704, "volume": 143800, "typical_volume": 96366.5, "trend": 12.158776, "fair_value": 11.640092, "relative_strength": 12.220097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.533538, "energy": 39.909448, "activity_lines": [ 13.136197, 13.11268, 12.849353, 12.530087 ] }, { "date": "2024-03-08", "close": 13.289704, "volume": 63307, "typical_volume": 96891.05, "trend": 12.209471, "fair_value": 11.65314, "relative_strength": 8.925031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.608737, "energy": 37.826277, "activity_lines": [ 13.20158, 13.14886, 12.924956, 12.60305 ] }, { "date": "2024-03-15", "close": 13.34656, "volume": 142994, "typical_volume": 100265.45, "trend": 12.272959, "fair_value": 11.663673, "relative_strength": 5.726125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.851007, "energy": 40.165895, "activity_lines": [ 13.252749, 13.189175, 12.995347, 12.676411 ] }, { "date": "2024-03-22", "close": 14.299739, "volume": 600056, "typical_volume": 125820.65, "trend": 12.358743, "fair_value": 11.680825, "relative_strength": 9.02017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.410939, "energy": 63.603399, "activity_lines": [ 13.62354, 13.396594, 13.144741, 12.807171 ] }, { "date": "2024-03-29", "close": 13.899858, "volume": 197140, "typical_volume": 130271.7, "trend": 12.448254, "fair_value": 11.694566, "relative_strength": 4.187627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.572171, "energy": 64.351963, "activity_lines": [ 13.773803, 13.511133, 13.244404, 12.906597 ] }, { "date": "2024-04-05", "close": 14.283744, "volume": 147038, "typical_volume": 133863.05, "trend": 12.541086, "fair_value": 11.70789, "relative_strength": 8.035609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.146093, "energy": 70.706003, "activity_lines": [ 13.993346, 13.682567, 13.370413, 13.025016 ] }, { "date": "2024-04-12", "close": 14.171777, "volume": 98606, "typical_volume": 130846.9, "trend": 12.629712, "fair_value": 11.720326, "relative_strength": 8.916342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.246649, "energy": 69.861853, "activity_lines": [ 14.109298, 13.81221, 13.474392, 13.130222 ] }, { "date": "2024-04-19", "close": 14.187773, "volume": 87881, "typical_volume": 131246.8, "trend": 12.712711, "fair_value": 11.735236, "relative_strength": 8.039516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.199437, "energy": 54.417364, "activity_lines": [ 14.171777, 13.919679, 13.570888, 13.230742 ] }, { "date": "2024-04-26", "close": 15.019526, "volume": 95055, "typical_volume": 132484.7, "trend": 12.830069, "fair_value": 11.758695, "relative_strength": 9.423547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.143683, "energy": 64.982469, "activity_lines": [ 14.455427, 14.163598, 13.737788, 13.379569 ] }, { "date": "2024-05-03", "close": 15.115495, "volume": 86841, "typical_volume": 132895.2, "trend": 12.965787, "fair_value": 11.7826, "relative_strength": 12.500565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.362376, "energy": 71.932241, "activity_lines": [ 14.72308, 14.388087, 13.899769, 13.527016 ] }, { "date": "2024-05-10", "close": 15.611348, "volume": 94917, "typical_volume": 132892.15, "trend": 13.104768, "fair_value": 11.809175, "relative_strength": 12.834105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.610919, "energy": 83.661452, "activity_lines": [ 15.074975, 14.664626, 14.095272, 13.697697 ] }, { "date": "2024-05-17", "close": 16.155188, "volume": 85308, "typical_volume": 132490.15, "trend": 13.274668, "fair_value": 11.842624, "relative_strength": 13.676314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.490148, "energy": 93.332382, "activity_lines": [ 15.519643, 14.997832, 14.328467, 13.894498 ] }, { "date": "2024-05-24", "close": 16.115198, "volume": 86999, "typical_volume": 133113.1, "trend": 13.449395, "fair_value": 11.875478, "relative_strength": 13.419688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.021188, "energy": 89.579258, "activity_lines": [ 15.818753, 15.271668, 14.542585, 14.077758 ] }, { "date": "2024-05-31", "close": 16.914959, "volume": 198349, "typical_volume": 138017.8, "trend": 13.618089, "fair_value": 11.908377, "relative_strength": 17.395207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.271432, "energy": 93.448992, "activity_lines": [ 16.255956, 15.640576, 14.818062, 14.301343 ] }, { "date": "2024-06-07", "close": 17.634745, "volume": 198381, "typical_volume": 144468.3, "trend": 13.814093, "fair_value": 11.942165, "relative_strength": 20.679307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.832287, "energy": 93.057679, "activity_lines": [ 16.806725, 16.092805, 15.144353, 14.560482 ] }, { "date": "2024-06-14", "close": 16.914959, "volume": 109874, "typical_volume": 147189.75, "trend": 13.981366, "fair_value": 11.973033, "relative_strength": 19.341767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.441921, "energy": 72.642565, "activity_lines": [ 16.949616, 16.346256, 15.380928, 14.760538 ] }, { "date": "2024-06-21", "close": 17.274853, "volume": 95005, "typical_volume": 142587.65, "trend": 14.147843, "fair_value": 12.005869, "relative_strength": 20.816272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.071539, "energy": 79.501018, "activity_lines": [ 17.125563, 16.617303, 15.633636, 14.973021 ] }, { "date": "2024-06-28", "close": 16.914959, "volume": 160151, "typical_volume": 144232.95, "trend": 14.300428, "fair_value": 12.032333, "relative_strength": 18.737681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.463447, "energy": 64.767793, "activity_lines": [ 17.106902, 16.766495, 15.830723, 15.151545 ] }, { "date": "2024-07-05", "close": 17.594757, "volume": 98231, "typical_volume": 144471.0, "trend": 14.484676, "fair_value": 12.060446, "relative_strength": 22.128662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.483098, "energy": 64.878005, "activity_lines": [ 17.261523, 16.989701, 16.075695, 15.364082 ] }, { "date": "2024-07-12", "close": 18.714424, "volume": 185449, "typical_volume": 148769.1, "trend": 14.70056, "fair_value": 12.095059, "relative_strength": 26.574509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.592444, "energy": 70.821657, "activity_lines": [ 17.744046, 17.369661, 16.405381, 15.636969 ] }, { "date": "2024-07-19", "close": 18.39452, "volume": 202754, "typical_volume": 151716.8, "trend": 14.892041, "fair_value": 12.123895, "relative_strength": 25.572896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.594214, "energy": 66.823628, "activity_lines": [ 18.047956, 17.626021, 16.677482, 15.875289 ] }, { "date": "2024-07-26", "close": 18.514484, "volume": 335753, "typical_volume": 165339.1, "trend": 15.077571, "fair_value": 12.151412, "relative_strength": 24.713577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.854573, "energy": 66.025441, "activity_lines": [ 18.293216, 17.853589, 16.936699, 16.108995 ] }, { "date": "2024-08-02", "close": 19.123964, "volume": 264264, "typical_volume": 171402.6, "trend": 15.281522, "fair_value": 12.183371, "relative_strength": 33.622817, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.999678, "energy": 68.157948, "activity_lines": [ 18.658995, 18.149076, 17.229082, 16.370053 ] }, { "date": "2024-08-09", "close": 19.929632, "volume": 191242, "typical_volume": 150961.9, "trend": 15.506169, "fair_value": 12.217278, "relative_strength": 38.459639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.419379, "energy": 68.728018, "activity_lines": [ 19.146062, 18.536344, 17.570684, 16.669931 ] }, { "date": "2024-08-16", "close": 20.226458, "volume": 88733, "typical_volume": 145541.55, "trend": 15.740711, "fair_value": 12.248082, "relative_strength": 35.349524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.509061, "energy": 69.44928, "activity_lines": [ 19.576413, 18.922767, 17.913745, 16.974466 ] }, { "date": "2024-08-23", "close": 19.88723, "volume": 89264, "typical_volume": 142652.85, "trend": 15.966788, "fair_value": 12.276176, "relative_strength": 28.286673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.116413, "energy": 68.633571, "activity_lines": [ 19.792886, 19.20039, 18.194373, 17.241983 ] }, { "date": "2024-08-30", "close": 21.159332, "volume": 162671, "typical_volume": 145856.1, "trend": 16.245691, "fair_value": 12.311173, "relative_strength": 33.758651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.821201, "energy": 78.520507, "activity_lines": [ 20.333879, 19.655264, 18.56947, 17.576986 ] }, { "date": "2024-09-06", "close": 20.692894, "volume": 101191, "typical_volume": 146521.6, "trend": 16.489622, "fair_value": 12.345503, "relative_strength": 32.34501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.711677, "energy": 78.998542, "activity_lines": [ 20.543069, 19.954703, 18.866871, 17.863902 ] }, { "date": "2024-09-13", "close": 20.26886, "volume": 283424, "typical_volume": 155940.05, "trend": 16.73221, "fair_value": 12.375864, "relative_strength": 24.565383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.796021, "energy": 61.351982, "activity_lines": [ 20.506319, 20.108356, 19.09291, 18.107724 ] }, { "date": "2024-09-20", "close": 20.7777, "volume": 80753, "typical_volume": 155635.65, "trend": 16.990811, "fair_value": 12.412705, "relative_strength": 24.466194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.645592, "energy": 60.574293, "activity_lines": [ 20.616568, 20.305905, 19.342414, 18.368723 ] }, { "date": "2024-09-27", "close": 22.049807, "volume": 167509, "typical_volume": 159265.25, "trend": 17.282815, "fair_value": 12.464671, "relative_strength": 28.633445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.648035, "energy": 65.168122, "activity_lines": [ 21.114102, 20.697233, 19.686107, 18.69511 ] }, { "date": "2024-10-04", "close": 21.540964, "volume": 67161, "typical_volume": 158357.9, "trend": 17.557857, "fair_value": 12.518023, "relative_strength": 27.873174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.563287, "energy": 59.75365, "activity_lines": [ 21.297851, 20.929583, 19.95068, 18.969829 ] }, { "date": "2024-10-11", "close": 21.795385, "volume": 45348, "typical_volume": 156275.35, "trend": 17.839484, "fair_value": 12.573007, "relative_strength": 27.658112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.821047, "energy": 62.303114, "activity_lines": [ 21.540964, 21.153165, 20.213838, 19.243218 ] }, { "date": "2024-10-18", "close": 22.685858, "volume": 69938, "typical_volume": 149854.8, "trend": 18.119022, "fair_value": 12.633162, "relative_strength": 29.429537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.842851, "energy": 71.968238, "activity_lines": [ 22.007402, 21.49008, 20.534753, 19.555888 ] }, { "date": "2024-10-25", "close": 22.092209, "volume": 136489, "typical_volume": 146760.2, "trend": 18.3921, "fair_value": 12.685937, "relative_strength": 26.170427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.061654, "energy": 58.781513, "activity_lines": [ 22.114824, 21.668945, 20.77165, 19.812222 ] }, { "date": "2024-11-01", "close": 22.431437, "volume": 121625, "typical_volume": 147347.75, "trend": 18.66369, "fair_value": 12.741243, "relative_strength": 26.76057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.709968, "energy": 59.58188, "activity_lines": [ 22.247689, 21.875566, 21.019629, 20.072825 ] }, { "date": "2024-11-08", "close": 22.643454, "volume": 205882, "typical_volume": 152891.6, "trend": 18.946079, "fair_value": 12.798445, "relative_strength": 30.005404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.094106, "energy": 58.802321, "activity_lines": [ 22.425783, 22.074477, 21.261531, 20.329584 ] }, { "date": "2024-11-15", "close": 21.371351, "volume": 148781, "typical_volume": 152323.1, "trend": 19.185532, "fair_value": 12.849817, "relative_strength": 20.860263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.075611, "energy": 44.943021, "activity_lines": [ 22.106344, 22.015112, 21.356715, 20.486053 ] }, { "date": "2024-11-22", "close": 21.286545, "volume": 126490, "typical_volume": 153736.05, "trend": 19.394432, "fair_value": 12.89689, "relative_strength": 19.275538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.510384, "energy": 32.635192, "activity_lines": [ 21.786905, 21.927993, 21.422601, 20.621602 ] }, { "date": "2024-11-29", "close": 21.074526, "volume": 85588, "typical_volume": 148743.0, "trend": 19.593067, "fair_value": 12.94475, "relative_strength": 17.367458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.751882, "energy": 22.398028, "activity_lines": [ 21.490081, 21.783821, 21.450716, 20.729995 ] }, { "date": "2024-12-06", "close": 21.625771, "volume": 167682, "typical_volume": 146989.4, "trend": 19.793547, "fair_value": 12.999897, "relative_strength": 15.262415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.629776, "energy": 21.205035, "activity_lines": [ 21.44485, 21.734478, 21.520091, 20.861137 ] }, { "date": "2024-12-13", "close": 21.244141, "volume": 159638, "typical_volume": 138183.65, "trend": 19.963179, "fair_value": 13.052777, "relative_strength": 15.459797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.196585, "energy": 19.034302, "activity_lines": [ 21.326121, 21.623459, 21.537734, 20.954724 ] }, { "date": "2024-12-20", "close": 21.443846, "volume": 243730, "typical_volume": 137156.95, "trend": 20.140801, "fair_value": 13.105328, "relative_strength": 18.538418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.653997, "energy": 12.136427, "activity_lines": [ 21.367247, 21.554146, 21.561397, 21.050251 ] }, { "date": "2024-12-27", "close": 22.366636, "volume": 69690, "typical_volume": 131079.35, "trend": 20.322523, "fair_value": 13.162543, "relative_strength": 21.971953, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.728294, "energy": 25.750102, "activity_lines": [ 21.711137, 21.659004, 21.661899, 21.193853 ] }, { "date": "2025-01-03", "close": 22.762115, "volume": 133970, "typical_volume": 133341.2, "trend": 20.493436, "fair_value": 13.222472, "relative_strength": 21.856876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.590511, "energy": 36.677585, "activity_lines": [ 22.114847, 21.841572, 21.78846, 21.351246 ] }, { "date": "2025-01-10", "close": 22.410578, "volume": 108928, "typical_volume": 134324.4, "trend": 20.676623, "fair_value": 13.280327, "relative_strength": 18.405711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.860432, "energy": 42.647964, "activity_lines": [ 22.288873, 21.948044, 21.869468, 21.474933 ] }, { "date": "2025-01-17", "close": 21.575672, "volume": 164748, "typical_volume": 134428.25, "trend": 20.819984, "fair_value": 13.329969, "relative_strength": 11.497702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.318488, "energy": 37.238385, "activity_lines": [ 22.132276, 21.903094, 21.858944, 21.532936 ] }, { "date": "2025-01-24", "close": 24.387981, "volume": 287128, "typical_volume": 143725.1, "trend": 21.069084, "fair_value": 13.399247, "relative_strength": 24.279269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.233044, "energy": 65.098852, "activity_lines": [ 22.891013, 22.388887, 22.114277, 21.763129 ] }, { "date": "2025-01-31", "close": 26.233559, "volume": 217926, "typical_volume": 140450.2, "trend": 21.357044, "fair_value": 13.482144, "relative_strength": 28.229638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.754356, "energy": 82.755055, "activity_lines": [ 24.068667, 23.155392, 22.527783, 22.096321 ] }, { "date": "2025-02-07", "close": 26.365385, "volume": 210089, "typical_volume": 146917.0, "trend": 21.612076, "fair_value": 13.564814, "relative_strength": 24.57191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.640729, "energy": 89.995214, "activity_lines": [ 25.032468, 23.85592, 22.925441, 22.41944 ] }, { "date": "2025-02-14", "close": 24.651634, "volume": 228039, "typical_volume": 149943.5, "trend": 21.820647, "fair_value": 13.631671, "relative_strength": 13.304501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.559832, "energy": 82.449564, "activity_lines": [ 25.184801, 24.148659, 23.133276, 22.61554 ] }, { "date": "2025-02-21", "close": 23.728848, "volume": 276430, "typical_volume": 160406.95, "trend": 21.994459, "fair_value": 13.695294, "relative_strength": 8.417861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.571355, "energy": 73.483406, "activity_lines": [ 24.880135, 24.218604, 23.240838, 22.73865 ] }, { "date": "2025-02-28", "close": 24.300097, "volume": 206837, "typical_volume": 168481.4, "trend": 22.166997, "fair_value": 13.769194, "relative_strength": 7.129861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.002492, "energy": 46.47925, "activity_lines": [ 24.622341, 24.347235, 23.392386, 22.887401 ] }, { "date": "2025-03-07", "close": 25.310768, "volume": 301502, "typical_volume": 180059.6, "trend": 22.346368, "fair_value": 13.84975, "relative_strength": 11.56244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.445884, "energy": 41.647486, "activity_lines": [ 24.707295, 24.607693, 23.62826, 23.090225 ] }, { "date": "2025-03-14", "close": 25.178942, "volume": 321396, "typical_volume": 189304.95, "trend": 22.511451, "fair_value": 13.923563, "relative_strength": 12.277213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.821956, "energy": 38.326768, "activity_lines": [ 24.809827, 24.790652, 23.839081, 23.272972 ] }, { "date": "2025-03-21", "close": 25.310768, "volume": 383071, "typical_volume": 202377.25, "trend": 22.692235, "fair_value": 13.997863, "relative_strength": 9.230619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.799354, "energy": 41.73898, "activity_lines": [ 25.035397, 24.953638, 24.047757, 23.453573 ] }, { "date": "2025-03-28", "close": 23.553076, "volume": 295453, "typical_volume": 206855.8, "trend": 22.772027, "fair_value": 14.06258, "relative_strength": 1.379548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.468106, "energy": 29.908571, "activity_lines": [ 24.631127, 24.744313, 24.075324, 23.509111 ] }, { "date": "2025-04-04", "close": 22.102982, "volume": 337427, "typical_volume": 216288.1, "trend": 22.81903, "fair_value": 14.119479, "relative_strength": 1.407577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.710464, "energy": 11.816798, "activity_lines": [ 23.755211, 24.235381, 23.960454, 23.465947 ] }, { "date": "2025-04-11", "close": 22.85, "volume": 289855, "typical_volume": 224456.35, "trend": 22.905068, "fair_value": 14.178581, "relative_strength": 5.37901, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.567827, "energy": 14.731986, "activity_lines": [ 23.274776, 23.903816, 23.913245, 23.467945 ] }, { "date": "2025-04-18", "close": 23.201538, "volume": 147116, "typical_volume": 227532.75, "trend": 22.985862, "fair_value": 14.246586, "relative_strength": 1.242726, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.914149, "energy": 19.806054, "activity_lines": [ 23.07557, 23.697687, 23.892071, 23.487072 ] }, { "date": "2025-04-25", "close": 23.948559, "volume": 145100, "typical_volume": 226403.65, "trend": 23.049154, "fair_value": 14.318087, "relative_strength": 0.593554, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.107406, "energy": 18.024068, "activity_lines": [ 23.257199, 23.684904, 23.931913, 23.549181 ] }, { "date": "2025-05-02", "close": 25.091057, "volume": 163461, "typical_volume": 226594.8, "trend": 23.167491, "fair_value": 14.399128, "relative_strength": 4.14422, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.822754, "energy": 17.420355, "activity_lines": [ 23.910474, 23.892631, 24.069504, 23.680917 ] }, { "date": "2025-05-09", "close": 24.563751, "volume": 183542, "typical_volume": 223585.4, "trend": 23.259769, "fair_value": 14.477527, "relative_strength": 0.708244, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.465315, "energy": 24.113143, "activity_lines": [ 24.285449, 23.979717, 24.138556, 23.770998 ] }, { "date": "2025-05-16", "close": 25.047115, "volume": 138346, "typical_volume": 227018.2, "trend": 23.338478, "fair_value": 14.55958, "relative_strength": -1.410357, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.635564, "energy": 37.377798, "activity_lines": [ 24.657494, 24.149893, 24.238786, 23.886311 ] }, { "date": "2025-05-23", "close": 25.794136, "volume": 182707, "typical_volume": 229455.05, "trend": 23.461876, "fair_value": 14.64328, "relative_strength": 0.820075, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.772811, "energy": 57.051431, "activity_lines": [ 25.132071, 24.460686, 24.397397, 24.04474 ] }, { "date": "2025-05-30", "close": 23.904617, "volume": 534258, "typical_volume": 250721.55, "trend": 23.510982, "fair_value": 14.716346, "relative_strength": -7.075167, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.938695, "energy": 34.986849, "activity_lines": [ 24.803969, 24.416744, 24.361616, 24.073304 ] }, { "date": "2025-06-06", "close": 24.739519, "volume": 259017, "typical_volume": 255435.0, "trend": 23.58085, "fair_value": 14.795134, "relative_strength": -4.66537, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.872293, "energy": 26.049512, "activity_lines": [ 24.757097, 24.550168, 24.398234, 24.152565 ] }, { "date": "2025-06-13", "close": 23.9925, "volume": 228133, "typical_volume": 252485.25, "trend": 23.668222, "fair_value": 14.873936, "relative_strength": -5.489753, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.445427, "energy": 14.526194, "activity_lines": [ 24.484654, 24.5262, 24.348642, 24.179123 ] }, { "date": "2025-06-20", "close": 21.575672, "volume": 965353, "typical_volume": 289856.6, "trend": 23.67786, "fair_value": 14.93392, "relative_strength": -14.632744, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.243197, "energy": 21.861918, "activity_lines": [ 23.444686, 24.028453, 24.070759, 24.04412 ] }, { "date": "2025-06-27", "close": 21.399904, "volume": 454309, "typical_volume": 302067.6, "trend": 23.688706, "fair_value": 14.991669, "relative_strength": -16.035583, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.730452, "energy": 47.771947, "activity_lines": [ 22.577558, 23.521918, 23.798317, 23.897155 ] }, { "date": "2025-07-04", "close": 21.839327, "volume": 611828, "typical_volume": 321257.05, "trend": 23.695824, "fair_value": 15.060203, "relative_strength": -14.306058, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.102951, "energy": 57.577098, "activity_lines": [ 22.149852, 23.128035, 23.59137, 23.77784 ] }, { "date": "2025-07-11", "close": 22.4, "volume": 1342974, "typical_volume": 374584.25, "trend": 23.734353, "fair_value": 15.136201, "relative_strength": -12.27356, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.452249, "energy": 68.123661, "activity_lines": [ 22.046724, 22.874442, 23.451212, 23.694239 ] }, { "date": "2025-07-18", "close": 21.6, "volume": 522021, "typical_volume": 390343.45, "trend": 23.739558, "fair_value": 15.206833, "relative_strength": -15.181613, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.734061, "energy": 67.331971, "activity_lines": [ 21.832897, 22.524323, 23.241191, 23.556538 ] }, { "date": "2025-07-25", "close": 21.299999, "volume": 238485, "typical_volume": 387192.6, "trend": 23.704003, "fair_value": 15.27728, "relative_strength": -17.677414, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.421433, "energy": 60.434868, "activity_lines": [ 21.67857, 22.173545, 23.015457, 23.399147 ] }, { "date": "2025-08-01", "close": 21.200001, "volume": 352158, "typical_volume": 388730.7, "trend": 23.651933, "fair_value": 15.346927, "relative_strength": -17.167235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.914313, "energy": 55.420928, "activity_lines": [ 21.509289, 21.872715, 22.799297, 23.237599 ] }, { "date": "2025-08-08", "close": 21.1, "volume": 177863, "typical_volume": 378470.3, "trend": 23.608247, "fair_value": 15.411354, "relative_strength": -21.063584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.510474, "energy": 57.471243, "activity_lines": [ 21.32, 21.637232, 22.592561, 23.072958 ] }, { "date": "2025-08-15", "close": 21.049999, "volume": 151729, "typical_volume": 371284.1, "trend": 23.590724, "fair_value": 15.477671, "relative_strength": -23.197651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.113238, "energy": 58.193528, "activity_lines": [ 21.163333, 21.443652, 22.401115, 22.90791 ] }, { "date": "2025-08-22", "close": 21.1, "volume": 104387, "typical_volume": 359632.1, "trend": 23.481125, "fair_value": 15.545098, "relative_strength": -23.290125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.826596, "energy": 59.42296, "activity_lines": [ 21.113333, 21.326245, 22.22635, 22.747218 ] }, { "date": "2025-08-29", "close": 21.15, "volume": 95312, "typical_volume": 349904.95, "trend": 23.311673, "fair_value": 15.611188, "relative_strength": -20.358084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.05202, "energy": 71.955826, "activity_lines": [ 21.113333, 21.270519, 22.061123, 22.596823 ] }, { "date": "2025-09-05", "close": 21.0, "volume": 155801, "typical_volume": 350339.2, "trend": 23.132827, "fair_value": 15.678211, "relative_strength": -20.092317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.234285, "energy": 73.088665, "activity_lines": [ 21.073333, 21.19526, 21.889705, 22.447683 ] }, { "date": "2025-09-12", "close": 21.049999, "volume": 150895, "typical_volume": 350628.95, "trend": 23.012772, "fair_value": 15.747923, "relative_strength": -21.971503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.748847, "energy": 69.969904, "activity_lines": [ 21.063333, 21.136363, 21.733533, 22.313307 ] }, { "date": "2025-09-19", "close": 21.049999, "volume": 176744, "typical_volume": 351293.1, "trend": 22.923478, "fair_value": 15.824427, "relative_strength": -21.395427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.412505, "energy": 80.609749, "activity_lines": [ 21.056666, 21.091818, 21.591163, 22.186676 ] }, { "date": "2025-09-26", "close": 21.25, "volume": 172162, "typical_volume": 350724.1, "trend": 22.821808, "fair_value": 15.90316, "relative_strength": -20.714255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.551669, "energy": 64.567134, "activity_lines": [ 21.116666, 21.108181, 21.487084, 22.07871 ] }, { "date": "2025-10-03", "close": 21.200001, "volume": 88234, "typical_volume": 348218.5, "trend": 22.684782, "fair_value": 15.982599, "relative_strength": -21.671592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.851318, "energy": 53.824798, "activity_lines": [ 21.15, 21.121818, 21.394024, 21.974077 ] }, { "date": "2025-10-10", "close": 21.200001, "volume": 147112, "typical_volume": 346438.75, "trend": 22.552151, "fair_value": 16.062748, "relative_strength": -20.69175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.063805, "energy": 72.351096, "activity_lines": [ 21.18, 21.137273, 21.319282, 21.878285 ] }, { "date": "2025-10-17", "close": 21.200001, "volume": 89507, "typical_volume": 324201.2, "trend": 22.415125, "fair_value": 16.142977, "relative_strength": -20.846195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.246471, "energy": 66.909251, "activity_lines": [ 21.196667, 21.152728, 21.266418, 21.791049 ] }, { "date": "2025-10-24", "close": 21.299999, "volume": 191597, "typical_volume": 320830.2, "trend": 22.340023, "fair_value": 16.2274, "relative_strength": -21.313608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.945344, "energy": 67.265017, "activity_lines": [ 21.236667, 21.184546, 21.235956, 21.719106 ] }, { "date": "2025-10-31", "close": 21.299999, "volume": 209100, "typical_volume": 319878.55, "trend": 22.313256, "fair_value": 16.311744, "relative_strength": -21.654086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.712849, "energy": 61.474999, "activity_lines": [ 21.26, 21.211818, 21.221874, 21.652007 ] }, { "date": "2025-11-07", "close": 21.25, "volume": 94932, "typical_volume": 276357.5, "trend": 22.259923, "fair_value": 16.394504, "relative_strength": -20.631583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.487042, "energy": 41.677891, "activity_lines": [ 21.263333, 21.226364, 21.21585, 21.58341 ] }, { "date": "2025-11-14", "close": 21.25, "volume": 60936, "typical_volume": 256688.85, "trend": 22.194872, "fair_value": 16.475843, "relative_strength": -22.31371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.421673, "energy": 37.368805, "activity_lines": [ 21.263333, 21.239091, 21.211378, 21.518254 ] }, { "date": "2025-11-21", "close": 21.299999, "volume": 79488, "typical_volume": 230071.85, "trend": 22.106586, "fair_value": 16.555133, "relative_strength": -19.105875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.573383, "energy": 33.334362, "activity_lines": [ 21.276666, 21.256363, 21.212381, 21.46052 ] }, { "date": "2025-11-28", "close": 23.65, "volume": 624861, "typical_volume": 194166.2, "trend": 22.058551, "fair_value": 16.647592, "relative_strength": -12.828305, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.44567, "energy": 57.77934, "activity_lines": [ 22.066666, 21.696363, 21.439762, 21.560095 ] }, { "date": "2025-12-05", "close": 23.75, "volume": 448992, "typical_volume": 190514.75, "trend": 22.031426, "fair_value": 16.74543, "relative_strength": -13.753449, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 67.111325, "energy": 87.816421, "activity_lines": [ 22.733333, 22.107273, 21.670714, 21.669221 ] }, { "date": "2025-12-12", "close": 23.700001, "volume": 213422, "typical_volume": 189261.6, "trend": 21.986522, "fair_value": 16.847607, "relative_strength": -14.381508, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 64.075923, "energy": 87.404726, "activity_lines": [ 23.22, 22.463636, 21.886667, 21.776871 ] }, { "date": "2025-12-19", "close": 23.799999, "volume": 353412, "typical_volume": 189324.3, "trend": 21.920051, "fair_value": 16.946239, "relative_strength": -15.118768, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.483999, "energy": 84.416117, "activity_lines": [ 23.576667, 22.792727, 22.100714, 21.893869 ] }, { "date": "2025-12-26", "close": 23.9, "volume": 56614, "typical_volume": 183261.85, "trend": 21.919897, "fair_value": 17.045039, "relative_strength": -14.224108, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.473562, "energy": 91.756793, "activity_lines": [ 23.796667, 23.092727, 22.311905, 22.021608 ] }, { "date": "2026-01-02", "close": 23.85, "volume": 101294, "typical_volume": 180740.1, "trend": 21.890247, "fair_value": 17.141465, "relative_strength": -15.375092, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.877792, "energy": 90.124398, "activity_lines": [ 23.826667, 23.334545, 22.505, 22.146131 ] }, { "date": "2026-01-09", "close": 23.950001, "volume": 438400, "typical_volume": 197440.75, "trend": 21.88883, "fair_value": 17.236005, "relative_strength": -15.212622, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.908091, "energy": 90.739053, "activity_lines": [ 23.876667, 23.548182, 22.694286, 22.279018 ] }, { "date": "2026-01-16", "close": 23.9, "volume": 67321, "typical_volume": 196041.2, "trend": 21.966308, "fair_value": 17.329988, "relative_strength": -15.215565, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.161333, "energy": 69.308054, "activity_lines": [ 23.896667, 23.704546, 22.865238, 22.408771 ] }, { "date": "2026-01-23", "close": 23.950001, "volume": 151241, "typical_volume": 195813.2, "trend": 22.051311, "fair_value": 17.420344, "relative_strength": -13.531718, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.135008, "energy": 69.568413, "activity_lines": [ 23.920001, 23.821818, 23.027857, 22.536751 ] }, { "date": "2026-01-30", "close": 23.9, "volume": 193522, "typical_volume": 197944.55, "trend": 22.12, "fair_value": 17.513458, "relative_strength": -14.519428, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.098911, "energy": 67.662068, "activity_lines": [ 23.916667, 23.880909, 23.171667, 22.656022 ] }, { "date": "2026-02-06", "close": 23.950001, "volume": 387808, "typical_volume": 208497.75, "trend": 22.171667, "fair_value": 17.607525, "relative_strength": -13.851197, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.338546, "energy": 67.223832, "activity_lines": [ 23.930001, 23.901819, 23.306667, 22.774086 ] }, { "date": "2026-02-13", "close": 24.049999, "volume": 674054, "typical_volume": 233592.35, "trend": 22.253333, "fair_value": 17.70389, "relative_strength": -11.570695, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.874231, "energy": 68.094228, "activity_lines": [ 23.97, 23.935455, 23.437381, 22.895269 ] }, { "date": "2026-02-20", "close": 23.950001, "volume": 202915, "typical_volume": 239326.4, "trend": 22.341667, "fair_value": 17.80001, "relative_strength": -13.870965, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.299066, "energy": 63.751282, "activity_lines": [ 23.97, 23.945455, 23.545238, 23.004731 ] }, { "date": "2026-02-27", "close": 23.9, "volume": 135930, "typical_volume": 238767.3, "trend": 22.431667, "fair_value": 17.895888, "relative_strength": -14.309795, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.832541, "energy": 87.692263, "activity_lines": [ 23.95, 23.941818, 23.635238, 23.105269 ] }, { "date": "2026-03-06", "close": 23.5, "volume": 145034, "typical_volume": 241543.65, "trend": 22.511667, "fair_value": 17.992203, "relative_strength": -8.780626, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.237661, "energy": 56.420112, "activity_lines": [ 23.8, 23.863637, 23.674286, 23.174194 ] }, { "date": "2026-03-13", "close": 23.1, "volume": 347218, "typical_volume": 249324.7, "trend": 22.58, "fair_value": 18.091007, "relative_strength": -9.58326, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.654677, "energy": 28.337297, "activity_lines": [ 23.543333, 23.72, 23.664286, 23.212151 ] }, { "date": "2026-03-20", "close": 23.15, "volume": 78108, "typical_volume": 242775.1, "trend": 22.648333, "fair_value": 18.187604, "relative_strength": -6.904883, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.10502, "energy": 23.437361, "activity_lines": [ 23.36, 23.599091, 23.650476, 23.248925 ] }, { "date": "2026-03-27", "close": 23.0, "volume": 53019, "typical_volume": 240679.45, "trend": 22.71, "fair_value": 18.279401, "relative_strength": -7.516098, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.868303, "energy": 29.725268, "activity_lines": [ 23.186667, 23.465455, 23.613572, 23.271613 ] }, { "date": "2026-04-03", "close": 23.35, "volume": 47685, "typical_volume": 240016.9, "trend": 22.788333, "fair_value": 18.371219, "relative_strength": -9.610342, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.91747, "energy": 23.342253, "activity_lines": [ 23.193333, 23.411818, 23.601667, 23.312903 ] }, { "date": "2026-04-10", "close": 23.0, "volume": 30000, "typical_volume": 237542.5, "trend": 22.853333, "fair_value": 18.45917, "relative_strength": -13.461932, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.916358, "energy": 22.648696, "activity_lines": [ 23.12, 23.305455, 23.546429, 23.326559 ] }, { "date": "2026-04-17", "close": 23.0, "volume": 31479, "typical_volume": 207873.4, "trend": 22.918333, "fair_value": 18.546522, "relative_strength": -14.149771, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.643283, "energy": 19.413729, "activity_lines": [ 23.08, 23.215455, 23.483095, 23.336022 ] }, { "date": "2026-04-24", "close": 23.15, "volume": 38967, "typical_volume": 187372.15, "trend": 22.981667, "fair_value": 18.63552, "relative_strength": -9.131318, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.36335, "energy": 13.136944, "activity_lines": [ 23.096667, 23.17, 23.437143, 23.350968 ] }, { "date": "2026-05-01", "close": 23.049999, "volume": 15036, "typical_volume": 177452.85, "trend": 23.043333, "fair_value": 18.723791, "relative_strength": -9.29023, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.665438, "energy": 13.35792, "activity_lines": [ 23.08, 23.122727, 23.384524, 23.355376 ] }, { "date": "2026-05-08", "close": 23.25, "volume": 411870, "typical_volume": 180375.75, "trend": 23.111667, "fair_value": 18.81437, "relative_strength": -8.425886, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.87165, "energy": 9.364867, "activity_lines": [ 23.126666, 23.128182, 23.354048, 23.36871 ] }, { "date": "2026-05-15", "close": 23.6, "volume": 31875, "typical_volume": 179138.8, "trend": 23.191667, "fair_value": 18.908047, "relative_strength": -5.07247, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.327316, "energy": 11.763254, "activity_lines": [ 23.296666, 23.209091, 23.359524, 23.400215 ] }, { "date": "2026-05-22", "close": 23.35, "volume": 19498, "typical_volume": 175049.0, "trend": 23.26, "fair_value": 19.000378, "relative_strength": -7.301185, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.069301, "energy": 6.399401, "activity_lines": [ 23.343333, 23.242727, 23.342619, 23.41043 ] }, { "date": "2026-05-29", "close": 23.549999, "volume": 43307, "typical_volume": 155294.35, "trend": 23.335, "fair_value": 19.090658, "relative_strength": -7.915553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.134324, "energy": 10.882131, "activity_lines": [ 23.433333, 23.308182, 23.347143, 23.42914 ] }, { "date": "2026-06-05", "close": 23.549999, "volume": 3954, "typical_volume": 152126.0, "trend": 23.411667, "fair_value": 19.176237, "relative_strength": -7.245446, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.748348, "energy": 16.882499, "activity_lines": [ 23.496666, 23.366363, 23.353571, 23.443011 ] }, { "date": "2026-06-12", "close": 23.5, "volume": 3786, "typical_volume": 144753.25, "trend": 23.486667, "fair_value": 19.258931, "relative_strength": -8.913729, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.92497, "energy": 12.045112, "activity_lines": [ 23.51, 23.405454, 23.356905, 23.44871 ] }, { "date": "2026-06-19", "close": 23.4, "volume": 2328, "typical_volume": 135193.55, "trend": 23.556667, "fair_value": 19.336455, "relative_strength": -11.603731, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.15091, "energy": 11.721814, "activity_lines": [ 23.473333, 23.423636, 23.352857, 23.443118 ] }, { "date": "2026-06-26", "close": 22.799999, "volume": 4048, "typical_volume": 116005.55, "trend": 23.528333, "fair_value": 19.405688, "relative_strength": -13.781599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.102236, "energy": 30.293357, "activity_lines": [ 23.249999, 23.325454, 23.294047, 23.394301 ] }, { "date": "2026-07-03", "close": 23.0, "volume": 3098, "typical_volume": 82457.75, "trend": 23.503333, "fair_value": 19.474494, "relative_strength": -14.407462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.935112, "energy": 40.026699, "activity_lines": [ 23.13, 23.267272, 23.259762, 23.360215 ] }, { "date": "2026-07-10", "close": 21.65, "volume": 25638, "typical_volume": 73593.9, "trend": 23.435, "fair_value": 19.535501, "relative_strength": -16.918417, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.061826, "energy": 79.029182, "activity_lines": [ 22.596666, 22.966363, 23.101904, 23.240645 ] }, { "date": "2026-07-17", "close": 22.549999, "volume": 8726, "typical_volume": 67233.7, "trend": 23.393333, "fair_value": 19.600568, "relative_strength": -12.243791, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.435455, "energy": 71.614857, "activity_lines": [ 22.49, 22.854545, 23.040714, 23.183548 ] }, { "date": "2026-07-24", "close": 22.1, "volume": 11987, "typical_volume": 60581.35, "trend": 23.333333, "fair_value": 19.666338, "relative_strength": -15.164609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.893983, "energy": 75.4873, "activity_lines": [ 22.296666, 22.673636, 22.943095, 23.100107 ] }, { "date": "2026-07-31", "close": 21.549999, "volume": 13464, "typical_volume": 43893.65, "trend": 23.256667, "fair_value": 19.7325, "relative_strength": -17.611736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.651281, "energy": 80.970655, "activity_lines": [ 22.006666, 22.42, 22.799762, 22.985053 ] }, { "date": "2026-08-07", "close": 21.200001, "volume": 8944, "typical_volume": 40435.45, "trend": 23.165, "fair_value": 19.792956, "relative_strength": -20.09602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.866239, "energy": 79.827026, "activity_lines": [ 21.683333, 22.135454, 22.630476, 22.852365 ] } ], "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." } } }