{ "ticker": { "uuid": "2dc8abf6-de35-481c-8c6e-015291eb5b0b", "symbol": "AMH", "name": "American Homes 4 Rent", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.718, "architecture_energy": 50.835, "architecture_maturity": 39.064, "architecture_confidence": 66.155, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 13.46, "rotation_up": 52.81, "upward_expansion": 78.09, "deceleration": 65.13, "rotation_down": 23.58, "downward_expansion": 7.09 }, "activity_lines": [ 33.89, 33.688909, 32.873444, 32.00317 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 34.63, "trend_reference": 31.180275, "distance_from_trend": 0.110638, "trend_direction": "Improving", "fair_value": 33.106435, "distance_from_fair_value": 0.04602, "fair_value_direction": "Improving", "relative_strength": -1.809163, "relative_strength_direction": "Improving", "price_momentum": 0.147446, "excess_performance": 0.021821, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.110638, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029334, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.04602, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.086319, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.018092, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.102616, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.147446, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.20933, "read": "Demand-led" } ], "volume": { "latest": 13270457, "relative_activity": 1.011185, "balance": 1.20933, "dry_up": 0.835495, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.041921, "annualized_volatility": 0.246313, "from_high_reference": -0.012546, "from_low_reference": 0.285333 }, "levels": { "trend_reference": 31.180275, "fair_value_reference": 33.106435, "structural_low": 26.942437, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.005133, "positive_rate": 0.47619, "directional_follow_through": 0.47619, "median_excess_return": -0.010881, "regime_survival": 0.714286, "best_return": 0.064409, "worst_return": -0.086594, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.042809, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.054064, "regime_survival": 0.25, "best_return": 0.058567, "worst_return": -0.094587, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.058453, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.053937, "regime_survival": 0.333333, "best_return": 0.148941, "worst_return": -0.159747, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.03601, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.117155, "regime_survival": 0.25, "best_return": 0.131601, "worst_return": -0.178873, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-06-07", "tenure": "Established", "return": -0.017365, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": 0.056716, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-10-11", "tenure": "Established", "return": 0.058567, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-12-13", "tenure": "Developing", "return": -0.012854, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-17", "tenure": "Developing", "return": -0.036418, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-03-21", "tenure": "Developing", "return": 0.060356, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-05-09", "tenure": "Developing", "return": 0.029803, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": -0.050592, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.005843, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": -0.044154, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.002013, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-12", "end": "2026-05-01", "tenure": "Extended", "return": -0.035362, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": 0.038714, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.050776, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 31.873843, "volume": 11558951, "typical_volume": 10769876.15, "trend": 30.583539, "fair_value": 31.150131, "relative_strength": -1.657647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.50518, "energy": 33.937216, "activity_lines": [ 32.781325, 32.811319, 32.225201, 31.436332 ] }, { "date": "2023-08-25", "close": 32.073623, "volume": 6275264, "typical_volume": 10618927.8, "trend": 30.645445, "fair_value": 31.19658, "relative_strength": -1.625241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.05523, "energy": 22.01235, "activity_lines": [ 32.447754, 32.713906, 32.274203, 31.532466 ] }, { "date": "2023-09-01", "close": 32.67296, "volume": 8890181, "typical_volume": 10503920.6, "trend": 30.701051, "fair_value": 31.247093, "relative_strength": -2.074284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.730102, "energy": 19.956335, "activity_lines": [ 32.427776, 32.726785, 32.363771, 31.663274 ] }, { "date": "2023-09-08", "close": 32.691122, "volume": 6718969, "typical_volume": 10325243.35, "trend": 30.779957, "fair_value": 31.297446, "relative_strength": -0.547122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.021395, "energy": 18.772423, "activity_lines": [ 32.474997, 32.705651, 32.438795, 31.791665 ] }, { "date": "2023-09-15", "close": 33.372351, "volume": 8714255, "typical_volume": 10325866.2, "trend": 30.899488, "fair_value": 31.352952, "relative_strength": 1.879117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.251741, "energy": 26.868492, "activity_lines": [ 32.777747, 32.799296, 32.565345, 31.958916 ] }, { "date": "2023-09-22", "close": 31.353383, "volume": 7921769, "typical_volume": 10029986.95, "trend": 31.00308, "fair_value": 31.400074, "relative_strength": -1.121313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.07549, "energy": 12.647353, "activity_lines": [ 32.383282, 32.514296, 32.483617, 31.9882 ] }, { "date": "2023-09-29", "close": 30.77784, "volume": 13541571, "typical_volume": 10202010.45, "trend": 31.092564, "fair_value": 31.433448, "relative_strength": -1.983875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.073032, "energy": 10.186822, "activity_lines": [ 31.831666, 32.155083, 32.348473, 31.973668 ] }, { "date": "2023-10-06", "close": 31.024501, "volume": 11431067, "typical_volume": 10315567.4, "trend": 31.251187, "fair_value": 31.466181, "relative_strength": -1.483834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.753868, "energy": 16.340068, "activity_lines": [ 31.448656, 31.895318, 32.240785, 31.969277 ] }, { "date": "2023-10-13", "close": 31.83757, "volume": 6719128, "typical_volume": 10272045.85, "trend": 31.409752, "fair_value": 31.508515, "relative_strength": 0.730682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.974363, "energy": 19.39262, "activity_lines": [ 31.446566, 31.83003, 32.207824, 32.007108 ] }, { "date": "2023-10-20", "close": 30.77784, "volume": 11061591, "typical_volume": 10310669.8, "trend": 31.538106, "fair_value": 31.539334, "relative_strength": -0.125717, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.541538, "energy": 38.969486, "activity_lines": [ 31.148136, 31.595344, 32.067183, 31.96634 ] }, { "date": "2023-10-27", "close": 28.768008, "volume": 14444359, "typical_volume": 10615062.5, "trend": 31.551037, "fair_value": 31.566659, "relative_strength": -4.148981, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.254832, "energy": 62.895359, "activity_lines": [ 30.35273, 31.0358, 31.738493, 31.787624 ] }, { "date": "2023-11-03", "close": 32.349163, "volume": 15693135, "typical_volume": 10440941.4, "trend": 31.675821, "fair_value": 31.604161, "relative_strength": 1.811775, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.156851, "energy": 20.181155, "activity_lines": [ 30.923401, 31.183844, 31.764874, 31.839116 ] }, { "date": "2023-11-10", "close": 31.883248, "volume": 11386329, "typical_volume": 10527422.05, "trend": 31.763416, "fair_value": 31.640287, "relative_strength": -0.991726, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.383596, "energy": 17.27807, "activity_lines": [ 31.234011, 31.242166, 31.745917, 31.852498 ] }, { "date": "2023-11-17", "close": 32.997791, "volume": 9649470, "typical_volume": 10441688.3, "trend": 31.867107, "fair_value": 31.692892, "relative_strength": 0.153421, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.791204, "energy": 9.172677, "activity_lines": [ 31.858886, 31.517492, 31.827094, 31.932135 ] }, { "date": "2023-11-24", "close": 33.006927, "volume": 7500555, "typical_volume": 10477635.9, "trend": 31.966892, "fair_value": 31.745946, "relative_strength": -0.803398, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.35049, "energy": 24.797566, "activity_lines": [ 32.409458, 31.788902, 31.905303, 32.005672 ] }, { "date": "2023-12-01", "close": 33.783453, "volume": 15680436, "typical_volume": 10695606.2, "trend": 32.038117, "fair_value": 31.798365, "relative_strength": 0.68142, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.69137, "energy": 43.852167, "activity_lines": [ 33.070267, 32.208143, 32.056179, 32.12287 ] }, { "date": "2023-12-08", "close": 32.047689, "volume": 19133174, "typical_volume": 11134070.05, "trend": 32.052686, "fair_value": 31.839879, "relative_strength": -4.569615, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.917003, "energy": 29.82758, "activity_lines": [ 32.818125, 32.267608, 32.038142, 32.123487 ] }, { "date": "2023-12-15", "close": 32.672921, "volume": 20630549, "typical_volume": 11395333.3, "trend": 32.126598, "fair_value": 31.887457, "relative_strength": -4.897804, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.792664, "energy": 27.771218, "activity_lines": [ 32.794491, 32.417662, 32.087905, 32.163502 ] }, { "date": "2023-12-22", "close": 32.957833, "volume": 15893019, "typical_volume": 11610856.25, "trend": 32.21121, "fair_value": 31.934973, "relative_strength": -4.873625, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.239825, "energy": 19.647156, "activity_lines": [ 32.813183, 32.589548, 32.169169, 32.21713 ] }, { "date": "2023-12-29", "close": 33.04974, "volume": 7272094, "typical_volume": 11505793.3, "trend": 32.263393, "fair_value": 31.979854, "relative_strength": -4.887742, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.392284, "energy": 15.076604, "activity_lines": [ 32.865175, 32.757776, 32.259949, 32.271229 ] }, { "date": "2024-01-05", "close": 32.544252, "volume": 8607152, "typical_volume": 11358203.35, "trend": 32.291205, "fair_value": 32.023165, "relative_strength": -4.787315, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.021073, "energy": 10.694307, "activity_lines": [ 32.745817, 32.79279, 32.302393, 32.289349 ] }, { "date": "2024-01-12", "close": 32.856735, "volume": 11372592, "typical_volume": 11613069.75, "trend": 32.314887, "fair_value": 32.065474, "relative_strength": -5.511298, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.684605, "energy": 20.371533, "activity_lines": [ 32.813233, 32.815959, 32.371405, 32.325835 ] }, { "date": "2024-01-19", "close": 32.728066, "volume": 15775973, "typical_volume": 11957359.35, "trend": 32.385133, "fair_value": 32.101782, "relative_strength": -6.837061, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.935364, "energy": 8.882594, "activity_lines": [ 32.783823, 32.806506, 32.424434, 32.352491 ] }, { "date": "2024-01-26", "close": 32.231768, "volume": 10711952, "typical_volume": 12157008.5, "trend": 32.38647, "fair_value": 32.14014, "relative_strength": -8.958956, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.61823, "energy": 3.844164, "activity_lines": [ 32.585304, 32.691456, 32.429933, 32.342597 ] }, { "date": "2024-02-02", "close": 32.553442, "volume": 15136463, "typical_volume": 12478118.9, "trend": 32.380367, "fair_value": 32.176608, "relative_strength": -9.088712, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.539468, "energy": 3.914468, "activity_lines": [ 32.542413, 32.648821, 32.468256, 32.353369 ] }, { "date": "2024-02-09", "close": 32.378819, "volume": 9164302, "typical_volume": 12540245.55, "trend": 32.358757, "fair_value": 32.203386, "relative_strength": -10.554531, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.277428, "energy": 4.079658, "activity_lines": [ 32.474402, 32.582681, 32.493847, 32.353269 ] }, { "date": "2024-02-16", "close": 31.643563, "volume": 14934552, "typical_volume": 12609894.6, "trend": 32.287515, "fair_value": 32.231851, "relative_strength": -12.034392, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.500422, "energy": 13.553712, "activity_lines": [ 32.172335, 32.408396, 32.444531, 32.307128 ] }, { "date": "2024-02-23", "close": 32.38801, "volume": 13489922, "typical_volume": 12712837.35, "trend": 32.247445, "fair_value": 32.266146, "relative_strength": -11.240237, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.977072, "energy": 7.888703, "activity_lines": [ 32.199294, 32.376814, 32.461993, 32.313611 ] }, { "date": "2024-03-01", "close": 33.812568, "volume": 85002432, "typical_volume": 16627002.55, "trend": 32.270599, "fair_value": 32.317142, "relative_strength": -8.125574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.365029, "energy": 22.856164, "activity_lines": [ 32.723777, 32.609422, 32.608633, 32.414587 ] }, { "date": "2024-03-08", "close": 33.867712, "volume": 16132653, "typical_volume": 16880555.65, "trend": 32.299225, "fair_value": 32.354466, "relative_strength": -7.700304, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.52783, "energy": 44.820211, "activity_lines": [ 33.161254, 32.836516, 32.751121, 32.517627 ] }, { "date": "2024-03-15", "close": 33.582537, "volume": 13134985, "typical_volume": 16815086.95, "trend": 32.356181, "fair_value": 32.390631, "relative_strength": -8.3124, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.746067, "energy": 55.380989, "activity_lines": [ 33.416055, 32.996887, 32.851735, 32.600421 ] }, { "date": "2024-03-22", "close": 33.628819, "volume": 12940030, "typical_volume": 16677431.7, "trend": 32.408021, "fair_value": 32.416765, "relative_strength": -10.082099, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.038213, "energy": 59.807603, "activity_lines": [ 33.606035, 33.146796, 32.933831, 32.682527 ] }, { "date": "2024-03-29", "close": 34.045361, "volume": 8646231, "typical_volume": 16540426.8, "trend": 32.453768, "fair_value": 32.443893, "relative_strength": -9.164349, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.670182, "energy": 60.682927, "activity_lines": [ 33.802512, 33.358401, 33.049504, 32.788162 ] }, { "date": "2024-04-05", "close": 33.314099, "volume": 7349849, "typical_volume": 16425445.75, "trend": 32.474534, "fair_value": 32.466558, "relative_strength": -10.159138, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.977933, "energy": 41.439572, "activity_lines": [ 33.644745, 33.413099, 33.085238, 32.843667 ] }, { "date": "2024-04-12", "close": 32.91607, "volume": 9484804, "typical_volume": 16524658.2, "trend": 32.459324, "fair_value": 32.484214, "relative_strength": -9.732693, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.273308, "energy": 25.918181, "activity_lines": [ 33.387534, 33.37575, 33.081557, 32.872153 ] }, { "date": "2024-04-19", "close": 32.647632, "volume": 10011940, "typical_volume": 16241233.4, "trend": 32.502466, "fair_value": 32.494399, "relative_strength": -7.441659, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.194147, "energy": 12.930939, "activity_lines": [ 33.104285, 33.283, 33.052744, 32.884302 ] }, { "date": "2024-04-26", "close": 33.702871, "volume": 12007469, "typical_volume": 15884948.15, "trend": 32.599967, "fair_value": 32.503643, "relative_strength": -6.738971, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.719767, "energy": 18.266465, "activity_lines": [ 33.23511, 33.377224, 33.129838, 32.961747 ] }, { "date": "2024-05-03", "close": 33.1012, "volume": 11432069, "typical_volume": 15425024.15, "trend": 32.66919, "fair_value": 32.506965, "relative_strength": -8.623641, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.709398, "energy": 14.733743, "activity_lines": [ 33.160441, 33.324612, 33.141748, 32.994085 ] }, { "date": "2024-05-10", "close": 33.388151, "volume": 10876094, "typical_volume": 15174177.9, "trend": 32.720876, "fair_value": 32.512685, "relative_strength": -9.180924, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.223611, "energy": 13.438368, "activity_lines": [ 33.244367, 33.311206, 33.178948, 33.04047 ] }, { "date": "2024-05-17", "close": 34.036105, "volume": 7048451, "typical_volume": 15162995.75, "trend": 32.829485, "fair_value": 32.522893, "relative_strength": -8.687004, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.624707, "energy": 28.413419, "activity_lines": [ 33.53934, 33.423325, 33.275808, 33.125323 ] }, { "date": "2024-05-24", "close": 33.44369, "volume": 6725962, "typical_volume": 15068936.25, "trend": 32.985341, "fair_value": 32.524726, "relative_strength": -10.021233, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.515431, "energy": 23.001254, "activity_lines": [ 33.562173, 33.424672, 33.311551, 33.164949 ] }, { "date": "2024-05-31", "close": 33.360381, "volume": 7531050, "typical_volume": 14876859.15, "trend": 33.019048, "fair_value": 32.523568, "relative_strength": -9.611081, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.575145, "energy": 24.524919, "activity_lines": [ 33.504165, 33.413396, 33.335077, 33.189145 ] }, { "date": "2024-06-07", "close": 32.999378, "volume": 8384529, "typical_volume": 14507286.95, "trend": 33.056253, "fair_value": 32.515852, "relative_strength": -11.383426, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.161451, "energy": 16.583676, "activity_lines": [ 33.348656, 33.341363, 33.321823, 33.187876 ] }, { "date": "2024-06-14", "close": 33.045661, "volume": 9782992, "typical_volume": 14460838.95, "trend": 33.057848, "fair_value": 32.512465, "relative_strength": -12.377458, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.23376, "energy": 8.075973, "activity_lines": [ 33.215363, 33.296764, 33.311685, 33.187193 ] }, { "date": "2024-06-21", "close": 33.894181, "volume": 9769500, "typical_volume": 14192490.8, "trend": 33.087424, "fair_value": 32.507912, "relative_strength": -10.468646, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.440643, "energy": 14.605906, "activity_lines": [ 33.387742, 33.411322, 33.378483, 33.24115 ] }, { "date": "2024-06-28", "close": 34.649457, "volume": 10254798, "typical_volume": 14247015.6, "trend": 33.11629, "fair_value": 32.509879, "relative_strength": -8.171458, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.898768, "energy": 34.092528, "activity_lines": [ 33.821342, 33.645418, 33.510827, 33.341926 ] }, { "date": "2024-07-05", "close": 34.919864, "volume": 7375993, "typical_volume": 13869087.65, "trend": 33.21203, "fair_value": 32.502889, "relative_strength": -8.871511, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.652413, "energy": 56.240446, "activity_lines": [ 34.264693, 33.892283, 33.658112, 33.458286 ] }, { "date": "2024-07-12", "close": 33.586476, "volume": 11726327, "typical_volume": 13780907.9, "trend": 33.242481, "fair_value": 32.485001, "relative_strength": -12.8351, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.264227, "energy": 49.158491, "activity_lines": [ 34.159615, 33.874587, 33.662807, 33.482444 ] }, { "date": "2024-07-19", "close": 33.791612, "volume": 10917052, "typical_volume": 10076638.9, "trend": 33.270274, "fair_value": 32.466357, "relative_strength": -10.188999, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.080542, "energy": 43.834272, "activity_lines": [ 34.083777, 33.885364, 33.68133, 33.517871 ] }, { "date": "2024-07-26", "close": 32.999039, "volume": 14422584, "typical_volume": 9991135.45, "trend": 33.268584, "fair_value": 32.4428, "relative_strength": -11.215314, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.400801, "energy": 11.2991, "activity_lines": [ 33.694017, 33.744702, 33.624471, 33.500372 ] }, { "date": "2024-08-02", "close": 35.199596, "volume": 13404071, "typical_volume": 10004589.75, "trend": 33.357095, "fair_value": 32.433293, "relative_strength": -2.99486, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.632434, "energy": 25.562147, "activity_lines": [ 34.097453, 34.022997, 33.781325, 33.624954 ] }, { "date": "2024-08-09", "close": 35.749736, "volume": 11041515, "typical_volume": 9909664.0, "trend": 33.453529, "fair_value": 32.43319, "relative_strength": -1.27129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.635096, "energy": 37.749792, "activity_lines": [ 34.647592, 34.369392, 33.982873, 33.779318 ] }, { "date": "2024-08-16", "close": 35.67514, "volume": 8684060, "typical_volume": 9911555.45, "trend": 33.551765, "fair_value": 32.431881, "relative_strength": -5.006174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.596324, "energy": 54.564731, "activity_lines": [ 35.117541, 34.658781, 34.167217, 33.922647 ] }, { "date": "2024-08-23", "close": 35.964197, "volume": 8299809, "typical_volume": 9959053.45, "trend": 33.676179, "fair_value": 32.436175, "relative_strength": -5.301335, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.715565, "energy": 68.91947, "activity_lines": [ 35.544599, 34.952076, 34.371329, 34.078288 ] }, { "date": "2024-08-30", "close": 37.083124, "volume": 10250485, "typical_volume": 9997337.5, "trend": 33.827168, "fair_value": 32.435944, "relative_strength": -2.411156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.661223, "energy": 76.683623, "activity_lines": [ 36.199793, 35.395748, 34.669387, 34.298091 ] }, { "date": "2024-09-06", "close": 36.738122, "volume": 8500371, "typical_volume": 9921759.05, "trend": 33.972478, "fair_value": 32.444136, "relative_strength": 1.038409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.090122, "energy": 73.1182, "activity_lines": [ 36.467714, 35.718711, 34.914744, 34.485895 ] }, { "date": "2024-09-13", "close": 38.584352, "volume": 9314993, "typical_volume": 9787135.25, "trend": 34.203838, "fair_value": 32.469661, "relative_strength": 2.244433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.810211, "energy": 81.447165, "activity_lines": [ 37.248477, 36.339377, 35.316453, 34.783435 ] }, { "date": "2024-09-20", "close": 37.176849, "volume": 12208492, "typical_volume": 9825956.4, "trend": 34.363466, "fair_value": 32.486894, "relative_strength": -2.631724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.286788, "energy": 69.786204, "activity_lines": [ 37.371098, 36.637506, 35.56087, 34.975242 ] }, { "date": "2024-09-27", "close": 35.910096, "volume": 10578182, "typical_volume": 9811060.8, "trend": 34.433384, "fair_value": 32.500608, "relative_strength": -6.207252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.627434, "energy": 45.543791, "activity_lines": [ 36.971353, 36.640036, 35.665236, 35.075025 ] }, { "date": "2024-10-04", "close": 35.97578, "volume": 9509707, "typical_volume": 9934123.6, "trend": 34.503653, "fair_value": 32.516875, "relative_strength": -6.002192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.971475, "energy": 34.344846, "activity_lines": [ 36.59711, 36.615992, 35.763848, 35.174534 ] }, { "date": "2024-10-11", "close": 35.553529, "volume": 7918413, "typical_volume": 9993746.15, "trend": 34.569352, "fair_value": 32.525386, "relative_strength": -7.806552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.301799, "energy": 19.674612, "activity_lines": [ 36.15594, 36.461052, 35.813009, 35.242268 ] }, { "date": "2024-10-18", "close": 35.769346, "volume": 7572792, "typical_volume": 9995833.25, "trend": 34.640703, "fair_value": 32.528153, "relative_strength": -7.698294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.124365, "energy": 21.555866, "activity_lines": [ 35.865682, 36.338916, 35.872678, 35.319687 ] }, { "date": "2024-10-25", "close": 35.910096, "volume": 11253071, "typical_volume": 10139260.35, "trend": 34.702861, "fair_value": 32.530532, "relative_strength": -6.202484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.763862, "energy": 19.147313, "activity_lines": [ 35.810007, 36.242015, 35.934279, 35.401583 ] }, { "date": "2024-11-01", "close": 32.860506, "volume": 17405914, "typical_volume": 10520406.45, "trend": 34.687741, "fair_value": 32.517459, "relative_strength": -12.510509, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.665108, "energy": 21.720547, "activity_lines": [ 34.822253, 35.58637, 35.691584, 35.282722 ] }, { "date": "2024-11-08", "close": 34.680877, "volume": 12350154, "typical_volume": 10649439.15, "trend": 34.746568, "fair_value": 32.515718, "relative_strength": -11.456905, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.898754, "energy": 21.126732, "activity_lines": [ 34.644595, 35.318134, 35.623138, 35.282279 ] }, { "date": "2024-11-15", "close": 35.281411, "volume": 10221642, "typical_volume": 10647781.35, "trend": 34.834361, "fair_value": 32.517603, "relative_strength": -7.631976, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.370519, "energy": 19.009368, "activity_lines": [ 34.753441, 35.202762, 35.60814, 35.316785 ] }, { "date": "2024-11-22", "close": 35.337712, "volume": 7347298, "typical_volume": 10646346.6, "trend": 34.888855, "fair_value": 32.516986, "relative_strength": -8.619851, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.042898, "energy": 16.283633, "activity_lines": [ 34.899196, 35.124112, 35.595495, 35.349259 ] }, { "date": "2024-11-29", "close": 35.928863, "volume": 9770347, "typical_volume": 10548547.6, "trend": 34.983111, "fair_value": 32.518139, "relative_strength": -7.7682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.506961, "energy": 12.937231, "activity_lines": [ 35.270777, 35.211975, 35.63716, 35.416356 ] }, { "date": "2024-12-06", "close": 34.962377, "volume": 8878772, "typical_volume": 10446633.6, "trend": 35.035585, "fair_value": 32.509674, "relative_strength": -10.678916, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.349284, "energy": 12.533781, "activity_lines": [ 35.318945, 35.146803, 35.575624, 35.415019 ] }, { "date": "2024-12-13", "close": 35.309562, "volume": 14857766, "typical_volume": 10468392.7, "trend": 35.078034, "fair_value": 32.501911, "relative_strength": -8.9326, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.648392, "energy": 14.2076, "activity_lines": [ 35.342716, 35.161987, 35.541579, 35.432695 ] }, { "date": "2024-12-20", "close": 34.506427, "volume": 17364130, "typical_volume": 10666395.65, "trend": 35.113458, "fair_value": 32.48422, "relative_strength": -9.010351, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.920615, "energy": 4.165157, "activity_lines": [ 35.056863, 35.04326, 35.420042, 35.395817 ] }, { "date": "2024-12-27", "close": 35.054448, "volume": 4525126, "typical_volume": 10340576.2, "trend": 35.169927, "fair_value": 32.463629, "relative_strength": -7.846967, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.37626, "energy": 12.309269, "activity_lines": [ 35.00535, 35.043211, 35.353999, 35.39201 ] }, { "date": "2025-01-03", "close": 35.25287, "volume": 6566034, "typical_volume": 10234674.9, "trend": 35.245044, "fair_value": 32.456797, "relative_strength": -6.540164, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.40355, "energy": 10.790197, "activity_lines": [ 35.038862, 35.092236, 35.310164, 35.397361 ] }, { "date": "2025-01-10", "close": 33.334796, "volume": 10492869, "typical_volume": 10344327.9, "trend": 35.254681, "fair_value": 32.435645, "relative_strength": -9.542387, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.516349, "energy": 37.761963, "activity_lines": [ 34.478081, 34.804471, 35.085665, 35.274119 ] }, { "date": "2025-01-17", "close": 33.249758, "volume": 12627401, "typical_volume": 10463173.7, "trend": 35.233201, "fair_value": 32.427334, "relative_strength": -12.005152, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.01502, "energy": 55.307939, "activity_lines": [ 33.99746, 34.492621, 34.865589, 35.144769 ] }, { "date": "2025-01-24", "close": 32.692289, "volume": 9934975, "typical_volume": 10534903.9, "trend": 35.167962, "fair_value": 32.421357, "relative_strength": -14.616209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.078035, "energy": 66.95441, "activity_lines": [ 33.468337, 34.105433, 34.610675, 34.980839 ] }, { "date": "2025-01-31", "close": 32.720635, "volume": 13636237, "typical_volume": 10750966.1, "trend": 35.094654, "fair_value": 32.409767, "relative_strength": -13.342731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.266137, "energy": 74.56284, "activity_lines": [ 33.069604, 33.770474, 34.377726, 34.822947 ] }, { "date": "2025-02-07", "close": 33.571012, "volume": 8288619, "typical_volume": 10554972.45, "trend": 35.094139, "fair_value": 32.406891, "relative_strength": -10.673711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.273473, "energy": 68.769657, "activity_lines": [ 33.109919, 33.637712, 34.253688, 34.724648 ] }, { "date": "2025-02-14", "close": 33.297002, "volume": 9901596, "typical_volume": 10521143.15, "trend": 35.077652, "fair_value": 32.408052, "relative_strength": -12.443424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.550906, "energy": 59.373214, "activity_lines": [ 33.17102, 33.498, 34.120725, 34.608703 ] }, { "date": "2025-02-21", "close": 33.202515, "volume": 9165204, "typical_volume": 10503918.0, "trend": 35.084434, "fair_value": 32.403264, "relative_strength": -11.017784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.791971, "energy": 39.370507, "activity_lines": [ 33.203145, 33.371388, 33.991205, 34.487727 ] }, { "date": "2025-02-28", "close": 34.969411, "volume": 20155024, "typical_volume": 11115748.55, "trend": 35.076761, "fair_value": 32.405865, "relative_strength": -5.141664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.268242, "energy": 15.533106, "activity_lines": [ 33.827385, 33.60434, 34.043168, 34.480306 ] }, { "date": "2025-03-07", "close": 34.232417, "volume": 12365142, "typical_volume": 11355366.05, "trend": 35.026184, "fair_value": 32.408635, "relative_strength": -3.970667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.232928, "energy": 17.448425, "activity_lines": [ 34.054153, 33.694875, 34.027723, 34.425832 ] }, { "date": "2025-03-14", "close": 33.731639, "volume": 11840024, "typical_volume": 11384713.7, "trend": 34.961401, "fair_value": 32.401458, "relative_strength": -2.973179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.81259, "energy": 16.473583, "activity_lines": [ 34.013209, 33.709306, 33.971903, 34.342313 ] }, { "date": "2025-03-21", "close": 34.665453, "volume": 11812227, "typical_volume": 11105029.35, "trend": 34.918109, "fair_value": 32.402923, "relative_strength": -0.672804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.982253, "energy": 15.442396, "activity_lines": [ 34.272827, 33.92118, 34.015391, 34.32322 ] }, { "date": "2025-03-28", "close": 35.808898, "volume": 10526208, "typical_volume": 11013832.05, "trend": 34.875635, "fair_value": 32.401601, "relative_strength": 4.187411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.512777, "energy": 13.41646, "activity_lines": [ 34.822364, 34.316759, 34.159184, 34.38069 ] }, { "date": "2025-04-04", "close": 33.79834, "volume": 12080238, "typical_volume": 11106761.85, "trend": 34.777642, "fair_value": 32.387787, "relative_strength": 8.081578, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.315813, "energy": 12.030204, "activity_lines": [ 34.527956, 34.300252, 34.106123, 34.311187 ] }, { "date": "2025-04-11", "close": 33.493421, "volume": 12001547, "typical_volume": 11339474.3, "trend": 34.607945, "fair_value": 32.367667, "relative_strength": 1.436925, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.828197, "energy": 11.499195, "activity_lines": [ 34.20998, 34.208195, 34.031085, 34.228334 ] }, { "date": "2025-04-18", "close": 35.122831, "volume": 5872659, "typical_volume": 11144589.9, "trend": 34.539477, "fair_value": 32.352735, "relative_strength": 7.894927, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.94383, "energy": 6.330572, "activity_lines": [ 34.484407, 34.398345, 34.120011, 34.261553 ] }, { "date": "2025-04-25", "close": 35.094245, "volume": 7673297, "typical_volume": 11084316.15, "trend": 34.512282, "fair_value": 32.353841, "relative_strength": 3.17292, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.381052, "energy": 6.169529, "activity_lines": [ 34.656559, 34.555081, 34.210053, 34.297344 ] }, { "date": "2025-05-02", "close": 37.457365, "volume": 12657658, "typical_volume": 10974310.75, "trend": 34.561668, "fair_value": 32.382528, "relative_strength": 6.970549, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.10018, "energy": 38.538439, "activity_lines": [ 35.587832, 35.108799, 34.524526, 34.487349 ] }, { "date": "2025-05-09", "close": 36.876114, "volume": 8658126, "typical_volume": 10539010.55, "trend": 34.605755, "fair_value": 32.40698, "relative_strength": 5.748197, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.745585, "energy": 60.482001, "activity_lines": [ 36.215457, 35.479474, 34.773414, 34.636669 ] }, { "date": "2025-05-16", "close": 36.9047, "volume": 9877642, "typical_volume": 10806636.35, "trend": 34.6436, "fair_value": 32.436871, "relative_strength": 0.605678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.086309, "energy": 62.585702, "activity_lines": [ 36.647425, 35.820679, 35.013741, 34.784988 ] }, { "date": "2025-05-23", "close": 35.875599, "volume": 7147753, "typical_volume": 10835722.3, "trend": 34.64245, "fair_value": 32.451011, "relative_strength": 0.411849, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.488577, "energy": 58.44244, "activity_lines": [ 36.508941, 35.926188, 35.147247, 34.864471 ] }, { "date": "2025-05-30", "close": 36.066173, "volume": 11387353, "typical_volume": 10880446.5, "trend": 34.749305, "fair_value": 32.470667, "relative_strength": -0.726652, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.931361, "energy": 44.077801, "activity_lines": [ 36.383797, 36.027365, 35.295937, 34.956325 ] }, { "date": "2025-06-06", "close": 34.951314, "volume": 7927970, "typical_volume": 10645474.95, "trend": 34.75832, "fair_value": 32.491597, "relative_strength": -5.235434, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.316118, "energy": 20.803118, "activity_lines": [ 35.822238, 35.900374, 35.325444, 34.969357 ] }, { "date": "2025-06-13", "close": 34.970371, "volume": 10592562, "typical_volume": 10678354.3, "trend": 34.747952, "fair_value": 32.528246, "relative_strength": -4.752294, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.66866, "energy": 17.076826, "activity_lines": [ 35.434102, 35.792439, 35.348664, 34.983038 ] }, { "date": "2025-06-20", "close": 35.037622, "volume": 9430617, "typical_volume": 10468073.3, "trend": 34.737949, "fair_value": 32.552654, "relative_strength": -4.294385, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.756457, "energy": 17.264637, "activity_lines": [ 35.195432, 35.675423, 35.36744, 35.001726 ] }, { "date": "2025-06-27", "close": 34.528438, "volume": 13205078, "typical_volume": 10713896.25, "trend": 34.691268, "fair_value": 32.57198, "relative_strength": -8.612463, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.20364, "energy": 15.619749, "activity_lines": [ 34.911506, 35.437751, 35.326689, 34.98821 ] }, { "date": "2025-07-04", "close": 34.201792, "volume": 9000735, "typical_volume": 10668853.2, "trend": 34.665915, "fair_value": 32.58762, "relative_strength": -10.734029, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.57734, "energy": 18.190899, "activity_lines": [ 34.608509, 35.151496, 35.25027, 34.956631 ] }, { "date": "2025-07-11", "close": 34.355508, "volume": 13738447, "typical_volume": 10897515.35, "trend": 34.634113, "fair_value": 32.602883, "relative_strength": -9.926309, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.900908, "energy": 22.464815, "activity_lines": [ 34.481042, 34.909416, 35.184182, 34.936604 ] }, { "date": "2025-07-18", "close": 34.73019, "volume": 10495119, "typical_volume": 10414520.1, "trend": 34.641572, "fair_value": 32.618842, "relative_strength": -9.319587, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.708057, "energy": 21.904776, "activity_lines": [ 34.51819, 34.791857, 35.148287, 34.942803 ] }, { "date": "2025-07-25", "close": 34.595689, "volume": 7903542, "typical_volume": 10191440.1, "trend": 34.62628, "fair_value": 32.625359, "relative_strength": -10.822074, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.14506, "energy": 22.343313, "activity_lines": [ 34.526517, 34.68886, 35.100722, 34.939843 ] }, { "date": "2025-08-01", "close": 33.807895, "volume": 13293950, "typical_volume": 10264136.4, "trend": 34.578114, "fair_value": 32.631542, "relative_strength": -10.343135, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.278843, "energy": 30.063015, "activity_lines": [ 34.301707, 34.48461, 34.976399, 34.887044 ] }, { "date": "2025-08-08", "close": 33.068137, "volume": 9178520, "typical_volume": 10132451.05, "trend": 34.569226, "fair_value": 32.625369, "relative_strength": -13.996124, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.900088, "energy": 43.792204, "activity_lines": [ 33.878348, 34.183454, 34.78126, 34.789626 ] }, { "date": "2025-08-15", "close": 33.413998, "volume": 8032066, "typical_volume": 10007743.95, "trend": 34.5747, "fair_value": 32.625845, "relative_strength": -13.577738, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.658374, "energy": 51.36418, "activity_lines": [ 33.645853, 33.99969, 34.626666, 34.715095 ] }, { "date": "2025-08-22", "close": 34.355508, "volume": 11673467, "typical_volume": 9987405.4, "trend": 34.630141, "fair_value": 32.640028, "relative_strength": -11.071824, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.052623, "energy": 44.12559, "activity_lines": [ 33.789961, 34.015062, 34.573144, 34.700953 ] }, { "date": "2025-08-29", "close": 34.413151, "volume": 9554843, "typical_volume": 9865070.2, "trend": 34.686558, "fair_value": 32.661569, "relative_strength": -10.505653, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.762881, "energy": 26.950428, "activity_lines": [ 33.978263, 34.052094, 34.522459, 34.686954 ] }, { "date": "2025-09-05", "close": 33.481248, "volume": 12918331, "typical_volume": 10217353.8, "trend": 34.683566, "fair_value": 32.665659, "relative_strength": -12.742306, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.620313, "energy": 32.73333, "activity_lines": [ 33.8681, 33.931042, 34.378642, 34.609192 ] }, { "date": "2025-09-12", "close": 32.789527, "volume": 11888137, "typical_volume": 10428095.8, "trend": 34.66665, "fair_value": 32.672089, "relative_strength": -15.327838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.44252, "energy": 38.95825, "activity_lines": [ 33.54914, 33.703263, 34.176763, 34.486996 ] }, { "date": "2025-09-19", "close": 32.405151, "volume": 17466710, "typical_volume": 10668548.4, "trend": 34.640071, "fair_value": 32.685135, "relative_strength": -16.870844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.097793, "energy": 60.106873, "activity_lines": [ 33.120628, 33.431275, 33.949252, 34.341093 ] }, { "date": "2025-09-26", "close": 31.619983, "volume": 16461578, "typical_volume": 11058721.0, "trend": 34.528424, "fair_value": 32.700458, "relative_strength": -18.231029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.303953, "energy": 80.439053, "activity_lines": [ 32.49765, 33.05199, 33.671021, 34.146248 ] }, { "date": "2025-10-03", "close": 31.63937, "volume": 13356468, "typical_volume": 11232662.3, "trend": 34.441989, "fair_value": 32.721217, "relative_strength": -18.64882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.949784, "energy": 82.795307, "activity_lines": [ 32.063502, 32.73278, 33.419666, 33.959858 ] }, { "date": "2025-10-10", "close": 31.542435, "volume": 11115744, "typical_volume": 11431061.85, "trend": 34.369016, "fair_value": 32.749063, "relative_strength": -16.506518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.567366, "energy": 82.484789, "activity_lines": [ 31.781962, 32.449696, 33.184152, 33.77279 ] }, { "date": "2025-10-17", "close": 31.784771, "volume": 12527815, "typical_volume": 11488084.95, "trend": 34.272993, "fair_value": 32.770068, "relative_strength": -16.915816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.483636, "energy": 76.693348, "activity_lines": [ 31.710455, 32.251863, 32.992352, 33.606064 ] }, { "date": "2025-10-24", "close": 32.337297, "volume": 12574725, "typical_volume": 11720422.7, "trend": 34.157273, "fair_value": 32.794729, "relative_strength": -16.658549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.84464, "energy": 51.773531, "activity_lines": [ 31.890106, 32.177824, 32.87356, 33.481181 ] }, { "date": "2025-10-31", "close": 30.631252, "volume": 22931668, "typical_volume": 12337378.0, "trend": 34.051703, "fair_value": 32.815935, "relative_strength": -21.259828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.75557, "energy": 58.122091, "activity_lines": [ 31.5056, 31.81317, 32.604736, 33.253696 ] }, { "date": "2025-11-07", "close": 31.01899, "volume": 14847360, "typical_volume": 12608215.15, "trend": 33.969222, "fair_value": 32.831746, "relative_strength": -18.603562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.09527, "energy": 53.80976, "activity_lines": [ 31.316255, 31.586729, 32.393502, 33.058037 ] }, { "date": "2025-11-14", "close": 31.009296, "volume": 13235775, "typical_volume": 12609750.0, "trend": 33.832104, "fair_value": 32.84778, "relative_strength": -18.335674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.104678, "energy": 52.682804, "activity_lines": [ 31.165037, 31.420237, 32.200481, 32.867074 ] }, { "date": "2025-11-21", "close": 31.406727, "volume": 11514469, "typical_volume": 12735436.7, "trend": 33.709187, "fair_value": 32.864306, "relative_strength": -15.312583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.481598, "energy": 50.945297, "activity_lines": [ 31.181839, 31.370949, 32.062069, 32.710598 ] }, { "date": "2025-11-28", "close": 31.135311, "volume": 10227901, "typical_volume": 12559909.4, "trend": 33.498452, "fair_value": 32.87578, "relative_strength": -18.625822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.40554, "energy": 45.875223, "activity_lines": [ 31.133372, 31.297456, 31.911117, 32.544541 ] }, { "date": "2025-12-05", "close": 29.884858, "volume": 12617551, "typical_volume": 12666031.0, "trend": 33.26541, "fair_value": 32.879695, "relative_strength": -21.762676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.609066, "energy": 55.130271, "activity_lines": [ 30.74822, 31.019695, 31.656408, 32.311406 ] }, { "date": "2025-12-12", "close": 30.165968, "volume": 17489992, "typical_volume": 13145353.5, "trend": 33.040786, "fair_value": 32.896025, "relative_strength": -20.160845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.001934, "energy": 52.01358, "activity_lines": [ 30.50653, 30.824592, 31.451545, 32.111442 ] }, { "date": "2025-12-19", "close": 30.454086, "volume": 18424216, "typical_volume": 13401866.8, "trend": 32.860069, "fair_value": 32.916269, "relative_strength": -19.094996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.309751, "energy": 48.473446, "activity_lines": [ 30.417748, 30.708664, 31.295216, 31.944558 ] }, { "date": "2025-12-26", "close": 31.207609, "volume": 7255016, "typical_volume": 13305691.6, "trend": 32.698116, "fair_value": 32.943238, "relative_strength": -17.849347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.814861, "energy": 43.0037, "activity_lines": [ 30.617155, 30.749529, 31.226621, 31.837948 ] }, { "date": "2026-01-02", "close": 31.236967, "volume": 9516127, "typical_volume": 13379894.65, "trend": 32.574305, "fair_value": 32.965629, "relative_strength": -16.488714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.055986, "energy": 29.733099, "activity_lines": [ 30.839622, 30.806224, 31.169682, 31.74368 ] }, { "date": "2026-01-09", "close": 30.356226, "volume": 37097335, "typical_volume": 14651088.05, "trend": 32.4205, "fair_value": 32.973818, "relative_strength": -19.712895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.725524, "energy": 26.470776, "activity_lines": [ 30.761731, 30.722792, 31.03923, 31.600578 ] }, { "date": "2026-01-16", "close": 31.667552, "volume": 23825366, "typical_volume": 15364614.2, "trend": 32.308164, "fair_value": 32.990356, "relative_strength": -15.639909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.764604, "energy": 15.773909, "activity_lines": [ 31.089525, 30.882782, 31.05271, 31.552001 ] }, { "date": "2026-01-23", "close": 31.305469, "volume": 14772258, "typical_volume": 15457310.55, "trend": 32.200732, "fair_value": 32.997337, "relative_strength": -16.043258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.671548, "energy": 14.687827, "activity_lines": [ 31.196518, 30.965148, 31.04478, 31.487311 ] }, { "date": "2026-01-30", "close": 30.649806, "volume": 17140192, "typical_volume": 15719913.3, "trend": 32.082332, "fair_value": 32.995061, "relative_strength": -17.814176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.533678, "energy": 17.099402, "activity_lines": [ 31.028199, 30.922916, 30.984767, 31.387251 ] }, { "date": "2026-02-06", "close": 30.180077, "volume": 19079647, "typical_volume": 15800560.15, "trend": 31.943151, "fair_value": 32.994139, "relative_strength": -18.542497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.312261, "energy": 24.376648, "activity_lines": [ 30.74049, 30.809042, 30.890207, 31.264525 ] }, { "date": "2026-02-13", "close": 30.943387, "volume": 19315063, "typical_volume": 15943234.4, "trend": 31.816925, "fair_value": 33.001556, "relative_strength": -15.095473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.723343, "energy": 22.549565, "activity_lines": [ 30.777677, 30.851319, 30.878939, 31.200024 ] }, { "date": "2026-02-20", "close": 28.888323, "volume": 17654835, "typical_volume": 16158152.75, "trend": 31.626679, "fair_value": 33.005676, "relative_strength": -21.217984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.834411, "energy": 48.985803, "activity_lines": [ 30.090698, 30.500703, 30.675173, 31.011082 ] }, { "date": "2026-02-27", "close": 29.358052, "volume": 45898570, "typical_volume": 17897294.05, "trend": 31.478351, "fair_value": 33.013783, "relative_strength": -19.045328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.204044, "energy": 52.60414, "activity_lines": [ 29.745578, 30.258721, 30.529242, 30.864719 ] }, { "date": "2026-03-06", "close": 29.260192, "volume": 17548096, "typical_volume": 18148308.1, "trend": 31.35142, "fair_value": 33.032978, "relative_strength": -17.181335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.816349, "energy": 55.458177, "activity_lines": [ 29.497666, 30.018875, 30.384394, 30.721612 ] }, { "date": "2026-03-13", "close": 28.085869, "volume": 20514244, "typical_volume": 18545284.05, "trend": 31.173815, "fair_value": 33.039421, "relative_strength": -18.752014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.477172, "energy": 70.19238, "activity_lines": [ 28.950953, 29.600923, 30.139727, 30.510931 ] }, { "date": "2026-03-20", "close": 27.105785, "volume": 17587244, "typical_volume": 18278062.85, "trend": 30.932158, "fair_value": 33.040566, "relative_strength": -19.547354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.347197, "energy": 75.206024, "activity_lines": [ 28.21716, 29.062067, 29.821963, 30.248478 ] }, { "date": "2026-03-27", "close": 27.204783, "volume": 13044147, "typical_volume": 18187902.2, "trend": 30.691879, "fair_value": 33.033032, "relative_strength": -16.722749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.985301, "energy": 76.3559, "activity_lines": [ 27.772207, 28.600309, 29.530416, 30.008002 ] }, { "date": "2026-04-03", "close": 28.788759, "volume": 12613899, "typical_volume": 18156808.4, "trend": 30.535463, "fair_value": 33.034206, "relative_strength": -14.0328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.466854, "energy": 63.518666, "activity_lines": [ 27.967481, 28.507688, 29.407887, 29.88522 ] }, { "date": "2026-04-10", "close": 29.461948, "volume": 16385936, "typical_volume": 18400381.75, "trend": 30.424543, "fair_value": 33.03553, "relative_strength": -14.434887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.535571, "energy": 42.975925, "activity_lines": [ 28.425104, 28.583223, 29.360045, 29.815961 ] }, { "date": "2026-04-17", "close": 30.382634, "volume": 12822605, "typical_volume": 18530116.95, "trend": 30.357126, "fair_value": 33.038707, "relative_strength": -14.774208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.46569, "energy": 16.23571, "activity_lines": [ 29.176173, 28.847753, 29.409148, 29.813257 ] }, { "date": "2026-04-24", "close": 30.244036, "volume": 10209853, "typical_volume": 18409732.05, "trend": 30.311261, "fair_value": 33.040185, "relative_strength": -14.893949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.332035, "energy": 21.251149, "activity_lines": [ 29.727924, 29.083401, 29.448635, 29.805961 ] }, { "date": "2026-05-01", "close": 31.630015, "volume": 13750893, "typical_volume": 18222777.1, "trend": 30.310949, "fair_value": 33.040078, "relative_strength": -11.033477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 21.692381, "energy": 30.015094, "activity_lines": [ 30.532452, 29.583761, 29.618411, 29.891042 ] }, { "date": "2026-05-08", "close": 31.709214, "volume": 20621169, "typical_volume": 18332624.75, "trend": 30.316509, "fair_value": 33.04071, "relative_strength": -12.070714, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.381712, "energy": 38.141734, "activity_lines": [ 31.068364, 30.048671, 29.788757, 29.981253 ] }, { "date": "2026-05-15", "close": 30.303436, "volume": 21440015, "typical_volume": 19041874.7, "trend": 30.267131, "fair_value": 33.039735, "relative_strength": -15.419046, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.61039, "energy": 33.538044, "activity_lines": [ 30.940986, 30.215237, 29.819243, 29.980409 ] }, { "date": "2026-05-22", "close": 31.94681, "volume": 16734556, "typical_volume": 19402796.15, "trend": 30.254115, "fair_value": 33.049526, "relative_strength": -10.905442, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.552292, "energy": 52.593341, "activity_lines": [ 31.3053, 30.66163, 30.010546, 30.088776 ] }, { "date": "2026-05-29", "close": 31.758713, "volume": 12229068, "typical_volume": 18159382.8, "trend": 30.291697, "fair_value": 33.051285, "relative_strength": -11.998441, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.956369, "energy": 48.135131, "activity_lines": [ 31.502637, 31.003625, 30.180555, 30.185847 ] }, { "date": "2026-06-05", "close": 32.936795, "volume": 13340259, "typical_volume": 17635127.45, "trend": 30.355623, "fair_value": 33.05915, "relative_strength": -5.847048, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.66257, "energy": 65.800224, "activity_lines": [ 31.99169, 31.475217, 30.456084, 30.356498 ] }, { "date": "2026-06-12", "close": 32.956595, "volume": 10515286, "typical_volume": 17422278.85, "trend": 30.420533, "fair_value": 33.064344, "relative_strength": -5.757684, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.279523, "energy": 75.422037, "activity_lines": [ 32.400223, 31.846192, 30.727454, 30.524303 ] }, { "date": "2026-06-19", "close": 31.71, "volume": 12632236, "typical_volume": 17196881.05, "trend": 30.430642, "fair_value": 33.071327, "relative_strength": -9.526266, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.634716, "energy": 62.396591, "activity_lines": [ 32.310067, 31.914734, 30.872239, 30.607494 ] }, { "date": "2026-06-26", "close": 34.09, "volume": 14708782, "typical_volume": 16978337.8, "trend": 30.529132, "fair_value": 33.083496, "relative_strength": 0.042804, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.947227, "energy": 73.234401, "activity_lines": [ 32.919473, 32.375129, 31.238641, 30.843582 ] }, { "date": "2026-07-03", "close": 34.08, "volume": 9176242, "typical_volume": 16471396.75, "trend": 30.66897, "fair_value": 33.092108, "relative_strength": -1.721219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.277019, "energy": 75.409839, "activity_lines": [ 33.382666, 32.7663, 31.585473, 31.07267 ] }, { "date": "2026-07-10", "close": 33.27, "volume": 8389356, "typical_volume": 16008122.8, "trend": 30.772438, "fair_value": 33.093665, "relative_strength": -4.892662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.159799, "energy": 57.15126, "activity_lines": [ 33.421106, 32.940453, 31.840226, 31.240478 ] }, { "date": "2026-07-17", "close": 34.07, "volume": 10288946, "typical_volume": 14227641.6, "trend": 30.892968, "fair_value": 33.095519, "relative_strength": -0.660899, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.351103, "energy": 68.583287, "activity_lines": [ 33.704, 33.230243, 32.150304, 31.453224 ] }, { "date": "2026-07-24", "close": 33.37, "volume": 9922336, "typical_volume": 13846353.6, "trend": 30.965048, "fair_value": 33.094107, "relative_strength": -1.728804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.134969, "energy": 51.585604, "activity_lines": [ 33.679333, 33.349836, 32.371277, 31.613033 ] }, { "date": "2026-07-31", "close": 33.42, "volume": 10377272, "typical_volume": 13339505.0, "trend": 31.037816, "fair_value": 33.096044, "relative_strength": -2.229663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.92676, "energy": 44.448787, "activity_lines": [ 33.560667, 33.422765, 32.577442, 31.771417 ] }, { "date": "2026-08-07", "close": 34.63, "volume": 13270457, "typical_volume": 13123665.65, "trend": 31.180275, "fair_value": 33.106435, "relative_strength": -1.809163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.717587, "energy": 50.835361, "activity_lines": [ 33.89, 33.688909, 32.873444, 32.00317 ] } ], "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." } } }