{ "ticker": { "uuid": "2a6b0ef6-a7ed-4288-a811-1721c784718f", "symbol": "ALOS3", "name": "Allos S.A.", "exchange": "SAO", "country": "BR", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^BVSP", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 48.253, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -55.093, "architecture_energy": 46.493, "architecture_maturity": 15.595, "architecture_confidence": 89.038, "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": 38.63, "rotation_up": 19.43, "upward_expansion": 8.06, "deceleration": 44.79, "rotation_down": 49.41, "downward_expansion": 76.73 }, "activity_lines": [ 26.93777, 27.105487, 27.676536, 28.216288 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.333333 }, "latest_close": 26.940001, "trend_reference": 28.762357, "distance_from_trend": -0.063359, "trend_direction": "Improving", "fair_value": 21.576148, "distance_from_fair_value": 0.248601, "fair_value_direction": "Weakening", "relative_strength": -2.883307, "relative_strength_direction": "Weakening", "price_momentum": -0.113235, "excess_performance": -0.056187, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.063359, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.006814, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.248601, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.172057, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028833, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.048718, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.113235, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.613832, "read": "Supply-led" } ], "volume": { "latest": 23905700, "relative_activity": 1.294354, "balance": 0.613832, "dry_up": 0.949319, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.048979, "annualized_volatility": 0.289279, "from_high_reference": -0.196159, "from_low_reference": 0.31986 }, "levels": { "trend_reference": 28.762357, "fair_value_reference": 21.576148, "structural_low": 25.979578, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": -0.007023, "positive_rate": 0.421053, "directional_follow_through": 0.578947, "median_excess_return": -0.010427, "regime_survival": 0.684211, "best_return": 0.124246, "worst_return": -0.144579, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.063702, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.00523, "regime_survival": 0.375, "best_return": 0.13605, "worst_return": -0.120052, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.0974, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.051409, "regime_survival": 0.0, "best_return": 0.426996, "worst_return": -0.072358, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.096323, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.031412, "regime_survival": 0.0, "best_return": 0.444701, "worst_return": -0.132589, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-09-27", "tenure": "New", "return": -0.042469, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-11-29", "tenure": "Developing", "return": -0.101814, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": -0.015496, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-03-21", "tenure": "Established", "return": 0.059918, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-18", "tenure": "New", "return": 0.050416, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.03125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-07-25", "tenure": "Developing", "return": -0.009562, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.061281, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-03-20", "tenure": "Extended", "return": 0.312344, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.169246, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": -0.090794, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.041607, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": 0.041659, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.051037, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.010418, "volume": 28752600, "typical_volume": 23919980.0, "trend": 16.603922, "fair_value": 17.667803, "relative_strength": 16.076161, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.970391, "energy": 36.432986, "activity_lines": [ 19.623991, 19.844885, 19.093271, 17.992856 ] }, { "date": "2023-08-25", "close": 19.377258, "volume": 25993000, "typical_volume": 24426590.0, "trend": 16.780407, "fair_value": 17.657572, "relative_strength": 17.239363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.012095, "energy": 30.243968, "activity_lines": [ 19.498994, 19.745875, 19.224698, 18.171781 ] }, { "date": "2023-09-01", "close": 18.741407, "volume": 21234200, "typical_volume": 24411920.0, "trend": 16.944678, "fair_value": 17.642275, "relative_strength": 10.961601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.317049, "energy": 22.263176, "activity_lines": [ 19.205524, 19.525773, 19.270621, 18.298297 ] }, { "date": "2023-09-08", "close": 18.423477, "volume": 15186200, "typical_volume": 24236080.0, "trend": 17.097295, "fair_value": 17.627857, "relative_strength": 11.119794, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.377827, "energy": 22.585044, "activity_lines": [ 18.88651, 19.281213, 19.267288, 18.393703 ] }, { "date": "2023-09-15", "close": 19.206062, "volume": 23921200, "typical_volume": 23994295.0, "trend": 17.262526, "fair_value": 17.619741, "relative_strength": 12.053424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.630341, "energy": 16.253484, "activity_lines": [ 18.914225, 19.209327, 19.320194, 18.529753 ] }, { "date": "2023-09-22", "close": 18.578365, "volume": 19129200, "typical_volume": 23737900.0, "trend": 17.419249, "fair_value": 17.616498, "relative_strength": 10.667362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.640618, "energy": 15.323005, "activity_lines": [ 18.789772, 19.051623, 19.292205, 18.614646 ] }, { "date": "2023-09-29", "close": 18.415323, "volume": 23226400, "typical_volume": 23907455.0, "trend": 17.597218, "fair_value": 17.614286, "relative_strength": 8.960625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.963983, "energy": 11.881316, "activity_lines": [ 18.639775, 18.889176, 19.234947, 18.678908 ] }, { "date": "2023-10-06", "close": 18.089245, "volume": 26481200, "typical_volume": 23418885.0, "trend": 17.741864, "fair_value": 17.606326, "relative_strength": 9.05328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.30137, "energy": 11.2454, "activity_lines": [ 18.445214, 18.69679, 19.134251, 18.710652 ] }, { "date": "2023-10-13", "close": 19.051176, "volume": 21677800, "typical_volume": 23592220.0, "trend": 17.911706, "fair_value": 17.604582, "relative_strength": 12.991524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.555822, "energy": 10.87616, "activity_lines": [ 18.614775, 18.713093, 19.119461, 18.795124 ] }, { "date": "2023-10-20", "close": 17.950657, "volume": 31091900, "typical_volume": 23517710.0, "trend": 18.057544, "fair_value": 17.592224, "relative_strength": 8.647485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.938801, "energy": 11.695137, "activity_lines": [ 18.375649, 18.541308, 18.991901, 18.797637 ] }, { "date": "2023-10-27", "close": 18.855532, "volume": 15422400, "typical_volume": 23071690.0, "trend": 18.221129, "fair_value": 17.599358, "relative_strength": 13.639384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.512062, "energy": 8.270774, "activity_lines": [ 18.521842, 18.572434, 18.951607, 18.84912 ] }, { "date": "2023-11-03", "close": 19.475079, "volume": 17661000, "typical_volume": 22348515.0, "trend": 18.399025, "fair_value": 17.600232, "relative_strength": 12.330646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.455825, "energy": 15.795533, "activity_lines": [ 18.856073, 18.719021, 18.968726, 18.93002 ] }, { "date": "2023-11-10", "close": 20.135389, "volume": 19068100, "typical_volume": 22167860.0, "trend": 18.578327, "fair_value": 17.600891, "relative_strength": 13.184574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.120732, "energy": 24.628025, "activity_lines": [ 19.339756, 18.983886, 19.04683, 19.042043 ] }, { "date": "2023-11-17", "close": 20.640816, "volume": 25019100, "typical_volume": 22374745.0, "trend": 18.780287, "fair_value": 17.609929, "relative_strength": 11.361866, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.623254, "energy": 43.456422, "activity_lines": [ 19.855506, 19.315301, 19.175165, 19.175107 ] }, { "date": "2023-11-24", "close": 20.265827, "volume": 22922000, "typical_volume": 22526060.0, "trend": 18.963408, "fair_value": 17.605641, "relative_strength": 8.472565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.50618, "energy": 52.306918, "activity_lines": [ 20.140284, 19.538222, 19.265187, 19.270948 ] }, { "date": "2023-12-01", "close": 20.754942, "volume": 24867100, "typical_volume": 22762715.0, "trend": 19.132154, "fair_value": 17.5991, "relative_strength": 8.363822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.051401, "energy": 65.484353, "activity_lines": [ 20.433755, 19.830804, 19.404159, 19.386531 ] }, { "date": "2023-12-08", "close": 20.363647, "volume": 15512000, "typical_volume": 21938735.0, "trend": 19.283781, "fair_value": 17.58229, "relative_strength": 6.646826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.197669, "energy": 59.471491, "activity_lines": [ 20.470167, 20.012667, 19.502021, 19.465982 ] }, { "date": "2023-12-15", "close": 21.871761, "volume": 22433500, "typical_volume": 22129550.0, "trend": 19.44981, "fair_value": 17.576483, "relative_strength": 11.169466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.500595, "energy": 67.309534, "activity_lines": [ 20.950046, 20.433309, 19.741922, 19.632949 ] }, { "date": "2023-12-22", "close": 21.521233, "volume": 18946300, "typical_volume": 21623155.0, "trend": 19.58785, "fair_value": 17.574854, "relative_strength": 6.794676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.62892, "energy": 63.866104, "activity_lines": [ 21.197324, 20.721446, 19.939278, 19.766589 ] }, { "date": "2023-12-29", "close": 21.643509, "volume": 11600400, "typical_volume": 21507280.0, "trend": 19.703337, "fair_value": 17.569412, "relative_strength": 5.735796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.558952, "energy": 64.063773, "activity_lines": [ 21.426666, 20.986904, 20.139662, 19.899212 ] }, { "date": "2024-01-05", "close": 20.567446, "volume": 22143400, "typical_volume": 21176820.0, "trend": 19.771541, "fair_value": 17.567057, "relative_strength": 1.687022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.238751, "energy": 51.671917, "activity_lines": [ 21.205476, 20.989572, 20.230032, 19.954961 ] }, { "date": "2024-01-12", "close": 20.844614, "volume": 25434200, "typical_volume": 21148880.0, "trend": 19.830507, "fair_value": 17.567615, "relative_strength": 3.443789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.10375, "energy": 37.204269, "activity_lines": [ 21.089174, 21.011508, 20.339385, 20.024192 ] }, { "date": "2024-01-19", "close": 19.964201, "volume": 16569900, "typical_volume": 20915665.0, "trend": 19.810128, "fair_value": 17.566188, "relative_strength": 1.250961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.674259, "energy": 20.662937, "activity_lines": [ 20.647337, 20.848468, 20.357902, 20.032817 ] }, { "date": "2024-01-26", "close": 20.070177, "volume": 19884500, "typical_volume": 21150580.0, "trend": 19.809313, "fair_value": 17.558371, "relative_strength": 0.357576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.332969, "energy": 22.190364, "activity_lines": [ 20.367995, 20.70781, 20.380689, 20.049594 ] }, { "date": "2024-02-02", "close": 19.956051, "volume": 20770200, "typical_volume": 20993030.0, "trend": 19.782411, "fair_value": 17.545078, "relative_strength": 0.817502, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.564244, "energy": 19.826252, "activity_lines": [ 20.147349, 20.556776, 20.384765, 20.059061 ] }, { "date": "2024-02-09", "close": 19.53215, "volume": 16488800, "typical_volume": 20861010.0, "trend": 19.768553, "fair_value": 17.535641, "relative_strength": -2.270974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.32806, "energy": 16.313123, "activity_lines": [ 19.8979, 20.334302, 20.344899, 20.042916 ] }, { "date": "2024-02-16", "close": 19.132696, "volume": 14889100, "typical_volume": 20444145.0, "trend": 19.738662, "fair_value": 17.529032, "relative_strength": -5.003986, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.148563, "energy": 28.524344, "activity_lines": [ 19.584319, 20.061432, 20.262447, 20.001893 ] }, { "date": "2024-02-23", "close": 19.548454, "volume": 17779900, "typical_volume": 20009080.0, "trend": 19.725348, "fair_value": 17.538532, "relative_strength": -3.695915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.109405, "energy": 29.295846, "activity_lines": [ 19.523452, 19.886536, 20.216175, 19.989621 ] }, { "date": "2024-03-01", "close": 20.029413, "volume": 19876300, "typical_volume": 19919005.0, "trend": 19.735945, "fair_value": 17.543355, "relative_strength": -1.496069, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.034633, "energy": 24.670802, "activity_lines": [ 19.650621, 19.841329, 20.20876, 20.009238 ] }, { "date": "2024-03-08", "close": 19.768557, "volume": 11943300, "typical_volume": 18961575.0, "trend": 19.726163, "fair_value": 17.540278, "relative_strength": -1.440794, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.576085, "energy": 18.891007, "activity_lines": [ 19.693556, 19.775817, 20.171844, 20.011342 ] }, { "date": "2024-03-15", "close": 20.102781, "volume": 16391700, "typical_volume": 19010040.0, "trend": 19.762575, "fair_value": 17.536575, "relative_strength": 0.219947, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.034516, "energy": 10.565226, "activity_lines": [ 19.860398, 19.805163, 20.158102, 20.03564 ] }, { "date": "2024-03-22", "close": 19.629971, "volume": 16046200, "typical_volume": 18929300.0, "trend": 19.770999, "fair_value": 17.531077, "relative_strength": -2.560051, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.071631, "energy": 4.950815, "activity_lines": [ 19.831595, 19.756993, 20.093391, 20.027085 ] }, { "date": "2024-03-29", "close": 19.499538, "volume": 9774500, "typical_volume": 18464620.0, "trend": 19.79627, "fair_value": 17.521135, "relative_strength": -4.200609, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.273784, "energy": 7.529567, "activity_lines": [ 19.726163, 19.707191, 20.01552, 20.009571 ] }, { "date": "2024-04-05", "close": 19.41802, "volume": 14980400, "typical_volume": 17962685.0, "trend": 19.829421, "fair_value": 17.511906, "relative_strength": -3.765158, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.915151, "energy": 17.891269, "activity_lines": [ 19.596819, 19.651017, 19.932913, 19.985168 ] }, { "date": "2024-04-12", "close": 18.619122, "volume": 24059700, "typical_volume": 18019570.0, "trend": 19.809856, "fair_value": 17.496123, "relative_strength": -7.203234, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.985486, "energy": 46.609116, "activity_lines": [ 19.241935, 19.461446, 19.780044, 19.907084 ] }, { "date": "2024-04-19", "close": 17.69795, "volume": 31265500, "typical_volume": 18339490.0, "trend": 19.780509, "fair_value": 17.477202, "relative_strength": -11.233325, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -84.616987, "energy": 78.706976, "activity_lines": [ 18.656623, 19.128697, 19.547285, 19.770832 ] }, { "date": "2024-04-26", "close": 17.485998, "volume": 35646500, "typical_volume": 19346215.0, "trend": 19.749532, "fair_value": 17.461334, "relative_strength": -13.234168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.37619, "energy": 84.961797, "activity_lines": [ 18.160982, 18.79076, 19.308898, 19.622799 ] }, { "date": "2024-05-03", "close": 18.080315, "volume": 27897900, "typical_volume": 19619435.0, "trend": 19.749234, "fair_value": 17.437563, "relative_strength": -11.578258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.533137, "energy": 78.705028, "activity_lines": [ 18.006379, 18.590821, 19.140816, 19.515108 ] }, { "date": "2024-05-10", "close": 18.261208, "volume": 25987100, "typical_volume": 19971475.0, "trend": 19.722902, "fair_value": 17.417791, "relative_strength": -10.0281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.364334, "energy": 74.344517, "activity_lines": [ 18.006688, 18.450465, 19.008015, 19.419106 ] }, { "date": "2024-05-17", "close": 18.855551, "volume": 22110800, "typical_volume": 20496995.0, "trend": 19.753065, "fair_value": 17.397543, "relative_strength": -7.438977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.823368, "energy": 44.361301, "activity_lines": [ 18.282232, 18.45032, 18.947343, 19.363148 ] }, { "date": "2024-05-24", "close": 18.34734, "volume": 18310700, "typical_volume": 20305360.0, "trend": 19.736125, "fair_value": 17.365464, "relative_strength": -7.045395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.465977, "energy": 34.91469, "activity_lines": [ 18.37261, 18.374374, 18.851546, 19.272456 ] }, { "date": "2024-05-31", "close": 18.063082, "volume": 17114000, "typical_volume": 19889350.0, "trend": 19.689059, "fair_value": 17.323537, "relative_strength": -6.677272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.631972, "energy": 30.563398, "activity_lines": [ 18.324944, 18.278661, 18.739249, 19.164518 ] }, { "date": "2024-06-07", "close": 18.390408, "volume": 22795400, "typical_volume": 20200625.0, "trend": 19.630893, "fair_value": 17.288344, "relative_strength": -3.869053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.164552, "energy": 24.920443, "activity_lines": [ 18.347913, 18.270951, 18.67137, 19.080734 ] }, { "date": "2024-06-14", "close": 17.933878, "volume": 21766200, "typical_volume": 20294710.0, "trend": 19.540661, "fair_value": 17.244043, "relative_strength": -5.266083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.433028, "energy": 34.867179, "activity_lines": [ 18.198033, 18.200402, 18.567507, 18.971249 ] }, { "date": "2024-06-21", "close": 17.942492, "volume": 20437400, "typical_volume": 20278070.0, "trend": 19.463217, "fair_value": 17.210465, "relative_strength": -6.246345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.043399, "energy": 35.695718, "activity_lines": [ 18.072847, 18.158403, 18.474638, 18.868142 ] }, { "date": "2024-06-28", "close": 18.192289, "volume": 18236700, "typical_volume": 20365465.0, "trend": 19.377795, "fair_value": 17.185168, "relative_strength": -6.643937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.04574, "energy": 31.248648, "activity_lines": [ 18.091796, 18.174124, 18.415147, 18.786146 ] }, { "date": "2024-07-05", "close": 19.122578, "volume": 20844400, "typical_volume": 20663230.0, "trend": 19.336426, "fair_value": 17.169174, "relative_strength": -3.43038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.797715, "energy": 15.307767, "activity_lines": [ 18.431179, 18.350001, 18.450635, 18.769681 ] }, { "date": "2024-07-12", "close": 19.036438, "volume": 23445000, "typical_volume": 20946485.0, "trend": 19.241915, "fair_value": 17.147743, "relative_strength": -5.574746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.478782, "energy": 9.249438, "activity_lines": [ 18.671215, 18.48046, 18.477967, 18.750327 ] }, { "date": "2024-07-19", "close": 18.683273, "volume": 16726100, "typical_volume": 20788975.0, "trend": 19.147317, "fair_value": 17.124745, "relative_strength": -6.163124, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.068252, "energy": 13.817149, "activity_lines": [ 18.750461, 18.529323, 18.474103, 18.714285 ] }, { "date": "2024-07-26", "close": 18.66605, "volume": 14670900, "typical_volume": 20925355.0, "trend": 19.048068, "fair_value": 17.103532, "relative_strength": -5.931599, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.342147, "energy": 14.255294, "activity_lines": [ 18.774007, 18.567381, 18.475009, 18.683236 ] }, { "date": "2024-08-02", "close": 18.976145, "volume": 15359800, "typical_volume": 20873760.0, "trend": 18.995025, "fair_value": 17.087247, "relative_strength": -2.95443, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.941707, "energy": 10.617501, "activity_lines": [ 18.85268, 18.665265, 18.510697, 18.678595 ] }, { "date": "2024-08-09", "close": 19.871975, "volume": 17759000, "typical_volume": 20959400.0, "trend": 18.962603, "fair_value": 17.081938, "relative_strength": -1.861449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.338673, "energy": 35.467334, "activity_lines": [ 19.177706, 18.914594, 18.637068, 18.735173 ] }, { "date": "2024-08-16", "close": 20.035637, "volume": 21992800, "typical_volume": 21570315.0, "trend": 18.964985, "fair_value": 17.081767, "relative_strength": -3.337211, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.197337, "energy": 47.364952, "activity_lines": [ 19.507326, 19.160791, 18.777873, 18.804401 ] }, { "date": "2024-08-23", "close": 20.552464, "volume": 24204900, "typical_volume": 22031540.0, "trend": 18.981061, "fair_value": 17.086154, "relative_strength": -1.862127, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.222171, "energy": 63.102803, "activity_lines": [ 19.942609, 19.471044, 18.965347, 18.906819 ] }, { "date": "2024-08-30", "close": 19.648014, "volume": 26959200, "typical_volume": 22176515.0, "trend": 18.970793, "fair_value": 17.09242, "relative_strength": -6.284791, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.722604, "energy": 56.966403, "activity_lines": [ 19.951795, 19.56924, 19.061281, 18.949848 ] }, { "date": "2024-09-06", "close": 19.863361, "volume": 24317100, "typical_volume": 21829095.0, "trend": 18.981833, "fair_value": 17.101761, "relative_strength": -4.103948, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.353831, "energy": 59.637537, "activity_lines": [ 19.9673, 19.675581, 19.172825, 19.007433 ] }, { "date": "2024-09-13", "close": 19.673855, "volume": 22179000, "typical_volume": 21155720.0, "trend": 18.999872, "fair_value": 17.112679, "relative_strength": -5.048934, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.6772, "energy": 42.890943, "activity_lines": [ 19.860488, 19.717083, 19.256008, 19.05208 ] }, { "date": "2024-09-20", "close": 19.251783, "volume": 20383600, "typical_volume": 20780005.0, "trend": 18.989983, "fair_value": 17.120244, "relative_strength": -4.221056, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.963062, "energy": 22.141502, "activity_lines": [ 19.626194, 19.671822, 19.288576, 19.068332 ] }, { "date": "2024-09-27", "close": 18.838324, "volume": 13324800, "typical_volume": 20146890.0, "trend": 18.95028, "fair_value": 17.126354, "relative_strength": -7.267039, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.894441, "energy": 15.947796, "activity_lines": [ 19.306337, 19.54747, 19.276189, 19.058548 ] }, { "date": "2024-10-04", "close": 19.380989, "volume": 21974300, "typical_volume": 20140065.0, "trend": 18.937361, "fair_value": 17.136392, "relative_strength": -3.779082, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.084906, "energy": 18.687221, "activity_lines": [ 19.281644, 19.518966, 19.312736, 19.086335 ] }, { "date": "2024-10-11", "close": 19.216469, "volume": 28859700, "typical_volume": 20667515.0, "trend": 18.907817, "fair_value": 17.145225, "relative_strength": -3.070459, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.915876, "energy": 18.124058, "activity_lines": [ 19.219913, 19.447551, 19.331112, 19.104342 ] }, { "date": "2024-10-18", "close": 19.442345, "volume": 20921400, "typical_volume": 20857885.0, "trend": 18.901563, "fair_value": 17.170759, "relative_strength": -2.193076, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.761324, "energy": 16.017345, "activity_lines": [ 19.2766, 19.412834, 19.366862, 19.138828 ] }, { "date": "2024-10-25", "close": 19.189138, "volume": 19361100, "typical_volume": 20686170.0, "trend": 18.891216, "fair_value": 17.19816, "relative_strength": -2.787124, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.520203, "energy": 8.998264, "activity_lines": [ 19.264319, 19.339891, 19.371928, 19.157381 ] }, { "date": "2024-11-01", "close": 18.891224, "volume": 18628100, "typical_volume": 20529265.0, "trend": 18.873656, "fair_value": 17.215426, "relative_strength": -2.758959, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.19251, "energy": 6.986528, "activity_lines": [ 19.156909, 19.228173, 19.344819, 19.157382 ] }, { "date": "2024-11-08", "close": 19.04018, "volume": 21103500, "typical_volume": 20562570.0, "trend": 18.887692, "fair_value": 17.226121, "relative_strength": -1.544836, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.238805, "energy": 9.360288, "activity_lines": [ 19.095625, 19.173742, 19.327337, 19.168125 ] }, { "date": "2024-11-15", "close": 19.232948, "volume": 18206800, "typical_volume": 20561075.0, "trend": 18.938858, "fair_value": 17.238001, "relative_strength": -0.334235, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.521655, "energy": 10.077602, "activity_lines": [ 19.121317, 19.165411, 19.322986, 19.1904 ] }, { "date": "2024-11-22", "close": 18.963728, "volume": 23200500, "typical_volume": 20678880.0, "trend": 18.988116, "fair_value": 17.255383, "relative_strength": -2.563851, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.200279, "energy": 11.51659, "activity_lines": [ 19.056171, 19.119594, 19.28804, 19.192004 ] }, { "date": "2024-11-29", "close": 17.40773, "volume": 39648400, "typical_volume": 21489050.0, "trend": 18.965697, "fair_value": 17.26279, "relative_strength": -7.821124, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.396808, "energy": 45.221221, "activity_lines": [ 18.504266, 18.803779, 19.105661, 19.090044 ] }, { "date": "2024-12-06", "close": 17.115982, "volume": 22668500, "typical_volume": 21786170.0, "trend": 18.927522, "fair_value": 17.261798, "relative_strength": -9.283671, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.661395, "energy": 65.420527, "activity_lines": [ 17.973873, 18.468447, 18.903251, 18.970707 ] }, { "date": "2024-12-13", "close": 16.850754, "volume": 31546900, "typical_volume": 22629970.0, "trend": 18.860696, "fair_value": 17.26085, "relative_strength": -9.352056, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.693752, "energy": 81.463657, "activity_lines": [ 17.473419, 18.116207, 18.683045, 18.836722 ] }, { "date": "2024-12-20", "close": 16.665091, "volume": 29890000, "typical_volume": 23356480.0, "trend": 18.804621, "fair_value": 17.26574, "relative_strength": -8.204649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.486086, "energy": 85.17062, "activity_lines": [ 17.05704, 17.776214, 18.453801, 18.69507 ] }, { "date": "2024-12-27", "close": 16.166929, "volume": 9679800, "typical_volume": 22952520.0, "trend": 18.741416, "fair_value": 17.261406, "relative_strength": -9.276095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.404116, "energy": 89.149173, "activity_lines": [ 16.645798, 17.392036, 18.188118, 18.524897 ] }, { "date": "2025-01-03", "close": 15.908896, "volume": 18789300, "typical_volume": 22792345.0, "trend": 18.658699, "fair_value": 17.270471, "relative_strength": -9.162258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.815353, "energy": 90.724214, "activity_lines": [ 16.334997, 17.020495, 17.915504, 18.342154 ] }, { "date": "2025-01-10", "close": 15.508503, "volume": 21836900, "typical_volume": 22673945.0, "trend": 18.577853, "fair_value": 17.269891, "relative_strength": -11.358529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.155609, "energy": 90.828837, "activity_lines": [ 15.990655, 16.635796, 17.624408, 18.138915 ] }, { "date": "2025-01-17", "close": 16.024567, "volume": 28363900, "typical_volume": 22744180.0, "trend": 18.513922, "fair_value": 17.266987, "relative_strength": -10.72776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.981334, "energy": 80.916305, "activity_lines": [ 15.925499, 16.406431, 17.40648, 17.974187 ] }, { "date": "2025-01-24", "close": 16.060387, "volume": 18193100, "typical_volume": 22437980.0, "trend": 18.442859, "fair_value": 17.259577, "relative_strength": -10.311522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.819107, "energy": 62.619627, "activity_lines": [ 15.927362, 16.238408, 17.209218, 17.815894 ] }, { "date": "2025-01-31", "close": 16.990389, "volume": 22327900, "typical_volume": 22445425.0, "trend": 18.371786, "fair_value": 17.259823, "relative_strength": -7.622387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.88492, "energy": 49.077878, "activity_lines": [ 16.27954, 16.297159, 17.118637, 17.722187 ] }, { "date": "2025-02-07", "close": 17.079811, "volume": 15773200, "typical_volume": 22214905.0, "trend": 18.306565, "fair_value": 17.260393, "relative_strength": -5.813867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.769398, "energy": 32.38457, "activity_lines": [ 16.606627, 16.408048, 17.04935, 17.638834 ] }, { "date": "2025-02-14", "close": 17.437502, "volume": 21935200, "typical_volume": 22645425.0, "trend": 18.265039, "fair_value": 17.258272, "relative_strength": -6.384935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.187675, "energy": 25.328684, "activity_lines": [ 16.974884, 16.589934, 17.024472, 17.582765 ] }, { "date": "2025-02-21", "close": 17.214396, "volume": 18005100, "typical_volume": 22446965.0, "trend": 18.216651, "fair_value": 17.25781, "relative_strength": -6.596234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.388133, "energy": 26.088411, "activity_lines": [ 17.140172, 16.725409, 16.985017, 17.514982 ] }, { "date": "2025-02-28", "close": 16.253046, "volume": 20344900, "typical_volume": 22021225.0, "trend": 18.125881, "fair_value": 17.254975, "relative_strength": -8.427894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.61905, "energy": 26.670278, "activity_lines": [ 16.905689, 16.679482, 16.864322, 17.388297 ] }, { "date": "2025-03-07", "close": 16.486647, "volume": 14694700, "typical_volume": 21709890.0, "trend": 18.013036, "fair_value": 17.258023, "relative_strength": -8.484113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.136589, "energy": 22.668183, "activity_lines": [ 16.736228, 16.683519, 16.779985, 17.28254 ] }, { "date": "2025-03-14", "close": 17.142517, "volume": 18785600, "typical_volume": 21681115.0, "trend": 17.916599, "fair_value": 17.26413, "relative_strength": -7.420135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.830365, "energy": 18.817777, "activity_lines": [ 16.818974, 16.800992, 16.772188, 17.226378 ] }, { "date": "2025-03-21", "close": 17.663622, "volume": 21883800, "typical_volume": 21843900.0, "trend": 17.820304, "fair_value": 17.26256, "relative_strength": -6.784908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.046342, "energy": 9.185542, "activity_lines": [ 17.07124, 16.990782, 16.823765, 17.210057 ] }, { "date": "2025-03-28", "close": 17.37607, "volume": 15015500, "typical_volume": 21539500.0, "trend": 17.744573, "fair_value": 17.254761, "relative_strength": -7.740647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.66234, "energy": 10.982761, "activity_lines": [ 17.212582, 17.089106, 16.853802, 17.181396 ] }, { "date": "2025-04-04", "close": 17.547665, "volume": 23119400, "typical_volume": 21785130.0, "trend": 17.667383, "fair_value": 17.258231, "relative_strength": -3.229198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.593009, "energy": 15.145341, "activity_lines": [ 17.400343, 17.194056, 16.908106, 17.168693 ] }, { "date": "2025-04-11", "close": 17.836666, "volume": 18662000, "typical_volume": 21558205.0, "trend": 17.606143, "fair_value": 17.267142, "relative_strength": -1.855825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.046815, "energy": 23.030145, "activity_lines": [ 17.598131, 17.324511, 16.997958, 17.179614 ] }, { "date": "2025-04-18", "close": 18.2521, "volume": 16799600, "typical_volume": 20415765.0, "trend": 17.57282, "fair_value": 17.277869, "relative_strength": -1.085541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.740641, "energy": 42.847387, "activity_lines": [ 17.844395, 17.515112, 17.132743, 17.221289 ] }, { "date": "2025-04-25", "close": 19.170309, "volume": 16896000, "typical_volume": 20127140.0, "trend": 17.583887, "fair_value": 17.295578, "relative_strength": -0.088357, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.573537, "energy": 62.945764, "activity_lines": [ 18.322756, 17.851345, 17.350956, 17.324353 ] }, { "date": "2025-05-02", "close": 19.56061, "volume": 14536600, "typical_volume": 19276625.0, "trend": 17.589874, "fair_value": 17.326324, "relative_strength": 1.592164, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.787804, "energy": 73.563667, "activity_lines": [ 18.830772, 18.227037, 17.596558, 17.451883 ] }, { "date": "2025-05-09", "close": 19.451691, "volume": 14428700, "typical_volume": 18503560.0, "trend": 17.597715, "fair_value": 17.350986, "relative_strength": 0.015073, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.843409, "energy": 73.034604, "activity_lines": [ 19.156846, 18.540268, 17.818882, 17.572 ] }, { "date": "2025-05-16", "close": 19.769381, "volume": 21047100, "typical_volume": 19071925.0, "trend": 17.608616, "fair_value": 17.38114, "relative_strength": -0.236325, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.682815, "energy": 84.898216, "activity_lines": [ 19.461881, 18.853102, 18.058193, 17.712108 ] }, { "date": "2025-05-23", "close": 19.762421, "volume": 15647700, "typical_volume": 18914845.0, "trend": 17.627725, "fair_value": 17.410233, "relative_strength": 0.772107, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.859206, "energy": 82.085796, "activity_lines": [ 19.635749, 19.104986, 18.279686, 17.851063 ] }, { "date": "2025-05-30", "close": 20.264, "volume": 16921600, "typical_volume": 18669080.0, "trend": 17.673485, "fair_value": 17.444015, "relative_strength": 3.931538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.721457, "energy": 82.835895, "activity_lines": [ 19.876121, 19.40043, 18.530599, 18.021145 ] }, { "date": "2025-06-06", "close": 19.917452, "volume": 17332200, "typical_volume": 18117495.0, "trend": 17.702727, "fair_value": 17.480705, "relative_strength": 2.93102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.809341, "energy": 71.408, "activity_lines": [ 19.928065, 19.585587, 18.725862, 18.165917 ] }, { "date": "2025-06-13", "close": 19.589144, "volume": 16531100, "typical_volume": 18034395.0, "trend": 17.7146, "fair_value": 17.519102, "relative_strength": 0.511295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.231665, "energy": 56.25804, "activity_lines": [ 19.846783, 19.664844, 18.87132, 18.287622 ] }, { "date": "2025-06-20", "close": 19.571018, "volume": 20865100, "typical_volume": 17961255.0, "trend": 17.734843, "fair_value": 17.559617, "relative_strength": 0.559243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.276365, "energy": 50.688953, "activity_lines": [ 19.750296, 19.703688, 18.998248, 18.407391 ] }, { "date": "2025-06-27", "close": 20.661348, "volume": 19694100, "typical_volume": 18157300.0, "trend": 17.843297, "fair_value": 17.60885, "relative_strength": 6.295863, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.317556, "energy": 55.078593, "activity_lines": [ 20.030477, 19.90924, 19.216729, 18.596197 ] }, { "date": "2025-07-04", "close": 20.936222, "volume": 15744100, "typical_volume": 17847745.0, "trend": 17.970638, "fair_value": 17.657659, "relative_strength": 4.247682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.654356, "energy": 59.91538, "activity_lines": [ 20.342353, 20.120964, 19.444333, 18.795741 ] }, { "date": "2025-07-11", "close": 19.827564, "volume": 20852600, "typical_volume": 17990120.0, "trend": 18.069865, "fair_value": 17.703223, "relative_strength": 2.592137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.692241, "energy": 49.947185, "activity_lines": [ 20.239862, 20.099007, 19.54969, 18.915543 ] }, { "date": "2025-07-18", "close": 19.855051, "volume": 28656000, "typical_volume": 18405675.0, "trend": 18.176197, "fair_value": 17.745762, "relative_strength": 4.859944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.532398, "energy": 46.913387, "activity_lines": [ 20.152526, 20.077194, 19.645221, 19.030716 ] }, { "date": "2025-07-25", "close": 19.57345, "volume": 16499900, "typical_volume": 18495935.0, "trend": 18.289748, "fair_value": 17.785532, "relative_strength": 3.260256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.764383, "energy": 33.376846, "activity_lines": [ 19.953596, 19.996846, 19.69678, 19.120861 ] }, { "date": "2025-08-01", "close": 19.831242, "volume": 21685800, "typical_volume": 18640945.0, "trend": 18.420493, "fair_value": 17.81725, "relative_strength": 5.493768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.946874, "energy": 21.906826, "activity_lines": [ 19.840434, 19.966933, 19.758193, 19.220312 ] }, { "date": "2025-08-08", "close": 20.558565, "volume": 21965500, "typical_volume": 18645030.0, "trend": 18.588828, "fair_value": 17.852361, "relative_strength": 6.578534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.043797, "energy": 30.581355, "activity_lines": [ 20.025054, 20.068008, 19.87607, 19.358252 ] }, { "date": "2025-08-15", "close": 21.04652, "volume": 19445900, "typical_volume": 18866550.0, "trend": 18.756227, "fair_value": 17.893241, "relative_strength": 8.695036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.815815, "energy": 44.234778, "activity_lines": [ 20.397502, 20.252447, 20.026634, 19.516813 ] }, { "date": "2025-08-22", "close": 21.308611, "volume": 19786800, "typical_volume": 18699920.0, "trend": 18.931168, "fair_value": 17.938393, "relative_strength": 8.708336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.64131, "energy": 65.139942, "activity_lines": [ 20.776051, 20.464011, 20.184681, 19.681483 ] }, { "date": "2025-08-29", "close": 22.159475, "volume": 23474300, "typical_volume": 18940535.0, "trend": 19.103471, "fair_value": 17.988998, "relative_strength": 10.105896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.49067, "energy": 82.609838, "activity_lines": [ 21.341317, 20.799014, 20.405853, 19.889761 ] }, { "date": "2025-09-05", "close": 22.649647, "volume": 13211800, "typical_volume": 18761145.0, "trend": 19.289132, "fair_value": 18.038479, "relative_strength": 11.412076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.656402, "energy": 88.34659, "activity_lines": [ 21.897572, 21.176076, 20.653123, 20.118547 ] }, { "date": "2025-09-12", "close": 22.566414, "volume": 9523800, "typical_volume": 18392535.0, "trend": 19.460095, "fair_value": 18.089763, "relative_strength": 11.098575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.631011, "energy": 87.541863, "activity_lines": [ 22.238188, 21.501854, 20.871526, 20.329984 ] }, { "date": "2025-09-19", "close": 23.417278, "volume": 17762400, "typical_volume": 18553825.0, "trend": 19.666858, "fair_value": 18.139389, "relative_strength": 12.241307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.197834, "energy": 91.434884, "activity_lines": [ 22.72857, 21.952695, 21.154791, 20.585286 ] }, { "date": "2025-09-26", "close": 23.686798, "volume": 18627000, "typical_volume": 18763740.0, "trend": 19.91465, "fair_value": 18.190133, "relative_strength": 13.539985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.004715, "energy": 91.246436, "activity_lines": [ 23.150741, 22.387272, 21.44536, 20.844637 ] }, { "date": "2025-10-03", "close": 23.398952, "volume": 12871000, "typical_volume": 18354935.0, "trend": 20.14506, "fair_value": 18.233443, "relative_strength": 12.899159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.677826, "energy": 82.15092, "activity_lines": [ 23.318417, 22.699845, 21.688348, 21.069431 ] }, { "date": "2025-10-10", "close": 22.275431, "volume": 17337400, "typical_volume": 18439420.0, "trend": 20.316157, "fair_value": 18.271889, "relative_strength": 10.013468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.993638, "energy": 60.570088, "activity_lines": [ 23.028955, 22.738587, 21.80705, 21.206874 ] }, { "date": "2025-10-17", "close": 22.349712, "volume": 14559500, "typical_volume": 18321315.0, "trend": 20.47236, "fair_value": 18.307254, "relative_strength": 8.188056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.621428, "energy": 50.540285, "activity_lines": [ 22.789201, 22.746394, 21.92086, 21.338071 ] }, { "date": "2025-10-24", "close": 22.873003, "volume": 13716700, "typical_volume": 18140540.0, "trend": 20.655591, "fair_value": 18.34826, "relative_strength": 8.493956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.510804, "energy": 39.338922, "activity_lines": [ 22.738324, 22.81678, 22.074575, 21.492951 ] }, { "date": "2025-10-31", "close": 23.264633, "volume": 15146800, "typical_volume": 18071325.0, "trend": 20.846157, "fair_value": 18.383648, "relative_strength": 7.74945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.993351, "energy": 38.27674, "activity_lines": [ 22.854275, 22.925162, 22.251514, 21.661277 ] }, { "date": "2025-11-07", "close": 24.355598, "volume": 15441600, "typical_volume": 17800150.0, "trend": 21.063455, "fair_value": 18.447367, "relative_strength": 9.356748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.23248, "energy": 56.540059, "activity_lines": [ 23.362026, 23.196337, 22.514852, 21.887692 ] }, { "date": "2025-11-14", "close": 26.86389, "volume": 35617500, "typical_volume": 18596320.0, "trend": 21.350514, "fair_value": 18.531177, "relative_strength": 17.499261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.724371, "energy": 90.043876, "activity_lines": [ 24.642097, 23.883636, 22.994292, 22.261914 ] }, { "date": "2025-11-21", "close": 25.40712, "volume": 15083700, "typical_volume": 18563300.0, "trend": 21.558408, "fair_value": 18.603515, "relative_strength": 12.999978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.505375, "energy": 86.087261, "activity_lines": [ 25.130682, 24.229445, 23.305455, 22.52363 ] }, { "date": "2025-11-28", "close": 26.717058, "volume": 22766900, "typical_volume": 18659015.0, "trend": 21.796956, "fair_value": 18.684454, "relative_strength": 15.163729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.850227, "energy": 93.342575, "activity_lines": [ 25.852085, 24.761775, 23.720085, 22.856447 ] }, { "date": "2025-12-05", "close": 25.670992, "volume": 60147000, "typical_volume": 20233565.0, "trend": 22.004266, "fair_value": 18.764478, "relative_strength": 11.452009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.29799, "energy": 84.454413, "activity_lines": [ 25.968529, 25.043915, 24.002282, 23.106384 ] }, { "date": "2025-12-12", "close": 27.470978, "volume": 31901700, "typical_volume": 21003655.0, "trend": 22.260986, "fair_value": 18.859749, "relative_strength": 16.202336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.078614, "energy": 70.086886, "activity_lines": [ 26.524544, 25.61725, 24.428211, 23.459075 ] }, { "date": "2025-12-19", "close": 26.387217, "volume": 36109000, "typical_volume": 21724815.0, "trend": 22.481813, "fair_value": 18.940097, "relative_strength": 12.790194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.234428, "energy": 59.16515, "activity_lines": [ 26.511614, 25.9195, 24.713318, 23.725284 ] }, { "date": "2025-12-26", "close": 26.932417, "volume": 16074100, "typical_volume": 21430245.0, "trend": 22.704093, "fair_value": 19.026328, "relative_strength": 12.901419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.759035, "energy": 57.534424, "activity_lines": [ 26.712195, 26.246117, 25.01913, 24.01242 ] }, { "date": "2026-01-02", "close": 27.18955, "volume": 14439300, "typical_volume": 21179915.0, "trend": 22.946497, "fair_value": 19.115731, "relative_strength": 13.715055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.26568, "energy": 58.404352, "activity_lines": [ 26.896801, 26.536165, 25.319078, 24.301804 ] }, { "date": "2026-01-09", "close": 27.84667, "volume": 25672100, "typical_volume": 21474180.0, "trend": 23.221747, "fair_value": 19.20452, "relative_strength": 13.857556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.136002, "energy": 58.887379, "activity_lines": [ 27.268948, 26.867206, 25.652358, 24.617944 ] }, { "date": "2026-01-16", "close": 27.389545, "volume": 20931600, "typical_volume": 21347045.0, "trend": 23.482365, "fair_value": 19.2917, "relative_strength": 10.516666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.586595, "energy": 54.548951, "activity_lines": [ 27.343674, 27.031823, 25.910967, 24.886834 ] }, { "date": "2026-01-23", "close": 28.638866, "volume": 25715700, "typical_volume": 21972240.0, "trend": 23.748282, "fair_value": 19.385009, "relative_strength": 6.081567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.418922, "energy": 58.684146, "activity_lines": [ 27.840269, 27.368427, 26.263655, 25.219512 ] }, { "date": "2026-01-30", "close": 29.725929, "volume": 26977000, "typical_volume": 22844900.0, "trend": 24.041273, "fair_value": 19.487013, "relative_strength": 8.184851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.130612, "energy": 62.658438, "activity_lines": [ 28.549109, 27.870407, 26.691353, 25.605166 ] }, { "date": "2026-02-06", "close": 30.380095, "volume": 31871900, "typical_volume": 23550375.0, "trend": 24.393024, "fair_value": 19.593008, "relative_strength": 9.20513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.10816, "energy": 70.793467, "activity_lines": [ 29.28977, 28.412802, 27.147259, 26.014123 ] }, { "date": "2026-02-13", "close": 29.504667, "volume": 30449600, "typical_volume": 24141505.0, "trend": 24.714677, "fair_value": 19.690799, "relative_strength": 3.767781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.253756, "energy": 74.912236, "activity_lines": [ 29.525919, 28.729427, 27.486634, 26.343906 ] }, { "date": "2026-02-20", "close": 30.954838, "volume": 15295700, "typical_volume": 24262740.0, "trend": 25.094057, "fair_value": 19.800275, "relative_strength": 6.180223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.452974, "energy": 83.811874, "activity_lines": [ 30.134924, 29.240017, 27.936417, 26.746497 ] }, { "date": "2026-02-27", "close": 31.741333, "volume": 26397100, "typical_volume": 24715725.0, "trend": 25.49106, "fair_value": 19.919923, "relative_strength": 9.393649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.756431, "energy": 87.256861, "activity_lines": [ 30.768409, 29.830263, 28.425124, 27.175354 ] }, { "date": "2026-03-06", "close": 29.789663, "volume": 23076900, "typical_volume": 25141595.0, "trend": 25.798763, "fair_value": 20.022742, "relative_strength": 7.599673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.266708, "energy": 62.411403, "activity_lines": [ 30.544506, 29.968313, 28.682882, 27.452683 ] }, { "date": "2026-03-13", "close": 28.08074, "volume": 53807400, "typical_volume": 27146130.0, "trend": 26.033237, "fair_value": 20.113286, "relative_strength": 2.084847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.282923, "energy": 47.831649, "activity_lines": [ 29.746713, 29.743699, 28.742457, 27.599907 ] }, { "date": "2026-03-20", "close": 27.964222, "volume": 31467900, "typical_volume": 27962185.0, "trend": 26.255091, "fair_value": 20.205521, "relative_strength": 2.168464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.656482, "energy": 29.292845, "activity_lines": [ 29.063371, 29.481697, 28.766136, 27.724487 ] }, { "date": "2026-03-27", "close": 28.352613, "volume": 33788300, "typical_volume": 28879520.0, "trend": 26.461529, "fair_value": 20.297858, "relative_strength": 0.238685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.53088, "energy": 26.76584, "activity_lines": [ 28.612189, 29.288174, 28.804426, 27.859811 ] }, { "date": "2026-04-03", "close": 29.718363, "volume": 26430700, "typical_volume": 28420180.0, "trend": 26.697153, "fair_value": 20.397731, "relative_strength": 1.186797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.351846, "energy": 25.806016, "activity_lines": [ 28.789738, 29.325459, 28.953754, 28.069929 ] }, { "date": "2026-04-10", "close": 32.278263, "volume": 25188300, "typical_volume": 28925410.0, "trend": 27.020881, "fair_value": 20.510051, "relative_strength": 4.431574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.852892, "energy": 39.195933, "activity_lines": [ 29.955453, 29.808552, 29.333289, 28.430001 ] }, { "date": "2026-04-17", "close": 33.151176, "volume": 35986100, "typical_volume": 29586370.0, "trend": 27.345344, "fair_value": 20.629084, "relative_strength": 7.748837, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.765004, "energy": 60.534492, "activity_lines": [ 31.246231, 30.403952, 29.763239, 28.825504 ] }, { "date": "2026-04-24", "close": 30.944521, "volume": 18090700, "typical_volume": 27483555.0, "trend": 27.587269, "fair_value": 20.732753, "relative_strength": 2.956008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.755992, "energy": 63.210967, "activity_lines": [ 31.463429, 30.547758, 29.952393, 29.057709 ] }, { "date": "2026-05-01", "close": 30.00473, "volume": 16624500, "typical_volume": 26719695.0, "trend": 27.807461, "fair_value": 20.824498, "relative_strength": 1.464514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.022926, "energy": 58.481476, "activity_lines": [ 31.168677, 30.494514, 30.026931, 29.213674 ] }, { "date": "2026-05-08", "close": 29.711046, "volume": 27911200, "typical_volume": 26309805.0, "trend": 28.055315, "fair_value": 20.913576, "relative_strength": 1.988493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.371028, "energy": 35.305662, "activity_lines": [ 30.665889, 30.405147, 30.061433, 29.336486 ] }, { "date": "2026-05-15", "close": 28.134941, "volume": 29185100, "typical_volume": 26965355.0, "trend": 28.248156, "fair_value": 20.985653, "relative_strength": 0.092982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.255285, "energy": 13.031795, "activity_lines": [ 29.63822, 30.06613, 29.930002, 29.341623 ] }, { "date": "2026-05-22", "close": 27.81741, "volume": 19926300, "typical_volume": 27239705.0, "trend": 28.412969, "fair_value": 21.05256, "relative_strength": -0.608001, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.287954, "energy": 17.835388, "activity_lines": [ 28.780929, 29.699466, 29.762604, 29.313833 ] }, { "date": "2026-05-29", "close": 27.906439, "volume": 25799700, "typical_volume": 27246085.0, "trend": 28.567696, "fair_value": 21.114915, "relative_strength": 0.944563, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.558847, "energy": 28.304815, "activity_lines": [ 28.308899, 29.353777, 29.600696, 29.281154 ] }, { "date": "2026-06-05", "close": 26.66, "volume": 6051600, "typical_volume": 26502085.0, "trend": 28.64451, "fair_value": 21.167087, "relative_strength": -0.979472, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.556311, "energy": 47.045663, "activity_lines": [ 27.623928, 28.782514, 29.319794, 29.158076 ] }, { "date": "2026-06-12", "close": 26.778708, "volume": 5690600, "typical_volume": 25500830.0, "trend": 28.64167, "fair_value": 21.216465, "relative_strength": -1.929584, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.374952, "energy": 58.135007, "activity_lines": [ 27.201508, 28.263608, 29.053671, 29.037702 ] }, { "date": "2026-06-19", "close": 25.979578, "volume": 3661200, "typical_volume": 24335040.0, "trend": 28.660752, "fair_value": 21.251106, "relative_strength": -3.545317, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.661464, "energy": 66.95936, "activity_lines": [ 26.708201, 27.652854, 28.720299, 28.865954 ] }, { "date": "2026-06-26", "close": 27.736027, "volume": 2523400, "typical_volume": 22867615.0, "trend": 28.694718, "fair_value": 21.30009, "relative_strength": 0.062252, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.630449, "energy": 55.306056, "activity_lines": [ 26.944067, 27.475976, 28.572048, 28.806294 ] }, { "date": "2026-07-03", "close": 27.894293, "volume": 2094100, "typical_volume": 21449840.0, "trend": 28.768828, "fair_value": 21.345802, "relative_strength": -0.072693, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.202983, "energy": 48.290351, "activity_lines": [ 27.238115, 27.426332, 28.45146, 28.754654 ] }, { "date": "2026-07-10", "close": 28.388872, "volume": 20299700, "typical_volume": 21700040.0, "trend": 28.799424, "fair_value": 21.399911, "relative_strength": -0.526719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.000296, "energy": 29.528983, "activity_lines": [ 27.697832, 27.522069, 28.385644, 28.730141 ] }, { "date": "2026-07-17", "close": 27.023832, "volume": 15024700, "typical_volume": 21131420.0, "trend": 28.820645, "fair_value": 21.444747, "relative_strength": -3.124398, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.416882, "energy": 25.035377, "activity_lines": [ 27.587277, 27.398996, 28.202042, 28.615587 ] }, { "date": "2026-07-24", "close": 26.190001, "volume": 17105200, "typical_volume": 20832835.0, "trend": 28.795898, "fair_value": 21.484761, "relative_strength": -6.334103, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.785263, "energy": 35.702084, "activity_lines": [ 27.182437, 27.173176, 27.961493, 28.445868 ] }, { "date": "2026-07-31", "close": 27.09, "volume": 14097100, "typical_volume": 18847320.0, "trend": 28.792579, "fair_value": 21.532059, "relative_strength": -5.296921, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.383645, "energy": 36.064094, "activity_lines": [ 27.063569, 27.146355, 27.823798, 28.33581 ] }, { "date": "2026-08-07", "close": 26.940001, "volume": 23905700, "typical_volume": 18469210.0, "trend": 28.762357, "fair_value": 21.576148, "relative_strength": -2.883307, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.093455, "energy": 46.492641, "activity_lines": [ 26.93777, 27.105487, 27.676536, 28.216288 ] } ], "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." } } }