{ "ticker": { "uuid": "2e04385f-dd72-4f93-a794-ddb8803e6f2f", "symbol": "CWC", "name": "CEWE Stiftung & Co. KGaA", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 63.837, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 18.454, "architecture_energy": 19.084, "architecture_maturity": 56.532, "architecture_confidence": 59.486, "architecture_tenure": "Established", "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": 41.71, "rotation_up": 55.98, "upward_expansion": 36.66, "deceleration": 35.37, "rotation_down": 22.12, "downward_expansion": 22.99 }, "activity_lines": [ 97.033333, 95.961817, 95.708743, 95.822738 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 98.300003, "trend_reference": 96.891124, "distance_from_trend": 0.014541, "trend_direction": "Weakening", "fair_value": 96.635858, "distance_from_fair_value": 0.017221, "fair_value_direction": "Improving", "relative_strength": -18.808635, "relative_strength_direction": "Improving", "price_momentum": -0.036274, "excess_performance": -0.210521, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.014541, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.018935, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.017221, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.076701, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.188086, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.042419, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.036274, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": null, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": null, "dry_up": 0.0, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.040319, "annualized_volatility": 0.287155, "from_high_reference": -0.074388, "from_low_reference": 0.135219 }, "levels": { "trend_reference": 96.891124, "fair_value_reference": 96.635858, "structural_low": 86.591206, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.016962, "positive_rate": 0.636364, "directional_follow_through": 0.363636, "median_excess_return": 0.029229, "regime_survival": 0.681818, "best_return": 0.198649, "worst_return": -0.095767, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.031753, "positive_rate": 0.7, "directional_follow_through": 0.3, "median_excess_return": 0.015618, "regime_survival": 0.5, "best_return": 0.274324, "worst_return": -0.205128, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.038342, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.013341, "regime_survival": 0.4, "best_return": 0.275538, "worst_return": -0.197755, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.156729, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.012919, "regime_survival": 0.5, "best_return": 0.222728, "worst_return": -0.338884, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-10-25", "tenure": "New", "return": -0.036329, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-22", "tenure": "New", "return": 0.007085, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2024-12-20", "tenure": "New", "return": 0.06943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-02-28", "tenure": "Developing", "return": -0.049419, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.008222, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.080979, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-07-25", "tenure": "Established", "return": 0.07514, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": -0.047716, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": -0.006231, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-10", "tenure": "New", "return": 0.052094, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2026-02-13", "tenure": "Established", "return": -0.007752, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.065764, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.030334, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-08-07", "tenure": "Established", "return": 0.084226, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 84.32618, "volume": 0, "typical_volume": 0.0, "trend": 86.942601, "fair_value": 91.642761, "relative_strength": 2.627267, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.782639, "energy": 14.29124, "activity_lines": [ 87.121248, 87.866867, 86.867981, 86.888829 ] }, { "date": "2023-08-25", "close": 83.662193, "volume": 0, "typical_volume": 0.0, "trend": 86.824563, "fair_value": 91.624577, "relative_strength": 2.289721, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.032223, "energy": 29.416716, "activity_lines": [ 85.584593, 87.278764, 86.551718, 86.67719 ] }, { "date": "2023-09-01", "close": 84.32618, "volume": 0, "typical_volume": 0.0, "trend": 86.704051, "fair_value": 91.634396, "relative_strength": 0.61552, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.760879, "energy": 33.088497, "activity_lines": [ 84.781486, 86.744125, 86.330056, 86.516004 ] }, { "date": "2023-09-08", "close": 82.523933, "volume": 0, "typical_volume": 0.0, "trend": 86.612666, "fair_value": 91.63432, "relative_strength": -0.883943, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.793922, "energy": 55.937272, "activity_lines": [ 83.719108, 85.778327, 85.970226, 86.246319 ] }, { "date": "2023-09-15", "close": 83.18792, "volume": 0, "typical_volume": 0.0, "trend": 86.395768, "fair_value": 91.656173, "relative_strength": -1.520441, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.618961, "energy": 61.644834, "activity_lines": [ 83.377629, 85.009138, 85.702067, 86.025368 ] }, { "date": "2023-09-22", "close": 83.662193, "volume": 0, "typical_volume": 0.0, "trend": 86.243895, "fair_value": 91.677752, "relative_strength": -0.368866, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.554306, "energy": 52.000243, "activity_lines": [ 83.3966, 84.446906, 85.491607, 85.849008 ] }, { "date": "2023-09-29", "close": 83.946762, "volume": 0, "typical_volume": 0.0, "trend": 86.181481, "fair_value": 91.713857, "relative_strength": -0.392494, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.426757, "energy": 48.166911, "activity_lines": [ 83.554693, 84.096804, 85.331264, 85.700806 ] }, { "date": "2023-10-06", "close": 85.369591, "volume": 0, "typical_volume": 0.0, "trend": 86.166496, "fair_value": 91.742784, "relative_strength": 2.6723, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.009805, "energy": 26.184113, "activity_lines": [ 84.16809, 84.139921, 85.327208, 85.648426 ] }, { "date": "2023-10-13", "close": 84.421036, "volume": 0, "typical_volume": 0.0, "trend": 86.132196, "fair_value": 91.764501, "relative_strength": 0.502046, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.479752, "energy": 21.27754, "activity_lines": [ 84.395742, 84.084732, 85.245062, 85.535816 ] }, { "date": "2023-10-20", "close": 80.152557, "volume": 0, "typical_volume": 0.0, "trend": 85.949461, "fair_value": 91.774665, "relative_strength": -1.104718, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.673396, "energy": 40.710679, "activity_lines": [ 83.074095, 83.35521, 84.749868, 85.150032 ] }, { "date": "2023-10-27", "close": 82.239365, "volume": 0, "typical_volume": 0.0, "trend": 85.771691, "fair_value": 91.839987, "relative_strength": 1.779634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.861055, "energy": 39.420465, "activity_lines": [ 82.650407, 83.115485, 84.471174, 84.910671 ] }, { "date": "2023-11-03", "close": 84.895317, "volume": 0, "typical_volume": 0.0, "trend": 85.593251, "fair_value": 91.892975, "relative_strength": -0.580241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.943255, "energy": 32.62255, "activity_lines": [ 83.206892, 83.396602, 84.449494, 84.854131 ] }, { "date": "2023-11-10", "close": 86.033569, "volume": 0, "typical_volume": 0.0, "trend": 85.415841, "fair_value": 91.934627, "relative_strength": 0.115156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.300848, "energy": 17.122299, "activity_lines": [ 84.079557, 83.862253, 84.51273, 84.882539 ] }, { "date": "2023-11-17", "close": 90.966042, "volume": 0, "typical_volume": 0.0, "trend": 85.498201, "fair_value": 91.998864, "relative_strength": 3.467466, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.627772, "energy": 31.251213, "activity_lines": [ 86.552115, 85.193675, 85.010494, 85.240616 ] }, { "date": "2023-11-24", "close": 91.250603, "volume": 0, "typical_volume": 0.0, "trend": 85.679249, "fair_value": 92.068877, "relative_strength": 4.348116, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.220959, "energy": 54.968996, "activity_lines": [ 88.683193, 86.423342, 85.515032, 85.611739 ] }, { "date": "2023-12-01", "close": 93.052849, "volume": 0, "typical_volume": 0.0, "trend": 85.831169, "fair_value": 92.154395, "relative_strength": 4.384284, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 82.117905, "energy": 85.05246, "activity_lines": [ 90.675149, 87.834095, 86.184438, 86.087455 ] }, { "date": "2023-12-08", "close": 92.009445, "volume": 0, "typical_volume": 0.0, "trend": 85.954462, "fair_value": 92.224191, "relative_strength": 3.03355, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.640415, "energy": 84.033905, "activity_lines": [ 91.598406, 88.8844, 86.751762, 86.486053 ] }, { "date": "2023-12-15", "close": 95.80365, "volume": 0, "typical_volume": 0.0, "trend": 86.216531, "fair_value": 92.29516, "relative_strength": 5.575265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.489011, "energy": 92.118156, "activity_lines": [ 93.312122, 90.477966, 87.677277, 87.121485 ] }, { "date": "2023-12-22", "close": 96.562492, "volume": 0, "typical_volume": 0.0, "trend": 86.666922, "fair_value": 92.383414, "relative_strength": 5.106822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.909419, "energy": 91.659559, "activity_lines": [ 94.627446, 92.019793, 88.644799, 87.788966 ] }, { "date": "2023-12-29", "close": 95.80365, "volume": 0, "typical_volume": 0.0, "trend": 87.064333, "fair_value": 92.471322, "relative_strength": 3.330056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.629779, "energy": 86.659412, "activity_lines": [ 95.316727, 93.202895, 89.508884, 88.378433 ] }, { "date": "2024-01-05", "close": 95.424232, "volume": 0, "typical_volume": 0.0, "trend": 87.475372, "fair_value": 92.52913, "relative_strength": 2.915453, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.384165, "energy": 82.457307, "activity_lines": [ 95.575999, 94.032447, 90.291213, 88.917781 ] }, { "date": "2024-01-12", "close": 95.424232, "volume": 0, "typical_volume": 0.0, "trend": 87.990751, "fair_value": 92.584681, "relative_strength": 3.748116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.195876, "energy": 64.644376, "activity_lines": [ 95.677178, 94.622273, 91.020694, 89.430611 ] }, { "date": "2024-01-19", "close": 95.044807, "volume": 0, "typical_volume": 0.0, "trend": 88.537749, "fair_value": 92.622554, "relative_strength": 4.895343, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.406417, "energy": 57.687543, "activity_lines": [ 95.42423, 94.951679, 91.65803, 89.885711 ] }, { "date": "2024-01-26", "close": 96.37278, "volume": 0, "typical_volume": 0.0, "trend": 88.860256, "fair_value": 92.613609, "relative_strength": 2.79021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.773654, "energy": 57.673455, "activity_lines": [ 95.664529, 95.358693, 92.370798, 90.391197 ] }, { "date": "2024-02-02", "close": 94.760246, "volume": 0, "typical_volume": 0.0, "trend": 89.024672, "fair_value": 92.585292, "relative_strength": 1.395657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.764814, "energy": 50.581418, "activity_lines": [ 95.379964, 95.374216, 92.864045, 90.771841 ] }, { "date": "2024-02-09", "close": 94.47567, "volume": 0, "typical_volume": 0.0, "trend": 89.09107, "fair_value": 92.559669, "relative_strength": 3.307563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.218742, "energy": 41.26802, "activity_lines": [ 95.070101, 95.274185, 93.275083, 91.123519 ] }, { "date": "2024-02-16", "close": 101.115532, "volume": 0, "typical_volume": 0.0, "trend": 89.416739, "fair_value": 92.602581, "relative_strength": 8.708697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.931002, "energy": 63.268762, "activity_lines": [ 97.036763, 96.355533, 94.266996, 91.89929 ] }, { "date": "2024-02-23", "close": 98.269882, "volume": 0, "typical_volume": 0.0, "trend": 89.71079, "fair_value": 92.617088, "relative_strength": 6.070474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.047497, "energy": 56.182295, "activity_lines": [ 97.675455, 96.753924, 94.906139, 92.470461 ] }, { "date": "2024-03-01", "close": 98.269882, "volume": 0, "typical_volume": 0.0, "trend": 89.985869, "fair_value": 92.609011, "relative_strength": 5.906732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.926769, "energy": 60.808592, "activity_lines": [ 98.099141, 97.107475, 95.483852, 93.022661 ] }, { "date": "2024-03-08", "close": 96.752197, "volume": 0, "typical_volume": 0.0, "trend": 90.336833, "fair_value": 92.549424, "relative_strength": 4.000638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.814452, "energy": 57.285469, "activity_lines": [ 97.89046, 97.15404, 95.851076, 93.459198 ] }, { "date": "2024-03-15", "close": 97.321327, "volume": 0, "typical_volume": 0.0, "trend": 90.770004, "fair_value": 92.488968, "relative_strength": 3.557457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.834773, "energy": 48.347043, "activity_lines": [ 97.738691, 97.286836, 96.193458, 93.90981 ] }, { "date": "2024-03-22", "close": 91.535172, "volume": 0, "typical_volume": 0.0, "trend": 91.032437, "fair_value": 92.404972, "relative_strength": -4.941449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.357889, "energy": 13.784997, "activity_lines": [ 95.468494, 96.333112, 95.912958, 93.959176 ] }, { "date": "2024-03-29", "close": 98.269882, "volume": 0, "typical_volume": 0.0, "trend": 91.497227, "fair_value": 92.34608, "relative_strength": 0.9664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.365335, "energy": 23.093292, "activity_lines": [ 96.08189, 96.67459, 96.242241, 94.426108 ] }, { "date": "2024-04-05", "close": 97.890457, "volume": 0, "typical_volume": 0.0, "trend": 92.009445, "fair_value": 92.26443, "relative_strength": -0.23719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.372028, "energy": 21.865031, "activity_lines": [ 96.568812, 96.888445, 96.477119, 94.838574 ] }, { "date": "2024-04-12", "close": 96.562492, "volume": 0, "typical_volume": 0.0, "trend": 92.455264, "fair_value": 92.146036, "relative_strength": -1.203643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.105543, "energy": 16.22819, "activity_lines": [ 96.638374, 96.833257, 96.552552, 95.132319 ] }, { "date": "2024-04-19", "close": 93.716835, "volume": 0, "typical_volume": 0.0, "trend": 92.790418, "fair_value": 92.007142, "relative_strength": -3.584861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.667803, "energy": 11.074565, "activity_lines": [ 95.77203, 96.227909, 96.331675, 95.213711 ] }, { "date": "2024-04-26", "close": 93.432266, "volume": 0, "typical_volume": 0.0, "trend": 93.106602, "fair_value": 91.844969, "relative_strength": -4.183188, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.819407, "energy": 6.721797, "activity_lines": [ 95.051129, 95.584618, 96.080534, 95.255121 ] }, { "date": "2024-05-03", "close": 94.66539, "volume": 20, "typical_volume": 1.0, "trend": 93.416462, "fair_value": 91.697476, "relative_strength": -3.995079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.538711, "energy": 15.102433, "activity_lines": [ 94.614797, 95.305228, 95.940059, 95.355688 ] }, { "date": "2024-05-10", "close": 94.760246, "volume": 0, "typical_volume": 1.0, "trend": 93.761102, "fair_value": 91.559625, "relative_strength": -6.2533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.215668, "energy": 16.248836, "activity_lines": [ 94.450383, 95.10862, 95.814037, 95.442383 ] }, { "date": "2024-05-17", "close": 97.700752, "volume": 0, "typical_volume": 1.0, "trend": 94.346042, "fair_value": 91.427073, "relative_strength": -4.874035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.008186, "energy": 13.372972, "activity_lines": [ 95.474819, 95.510461, 95.976646, 95.696554 ] }, { "date": "2024-05-24", "close": 98.459595, "volume": 0, "typical_volume": 1.0, "trend": 94.886716, "fair_value": 91.298256, "relative_strength": -4.008425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.050011, "energy": 25.666128, "activity_lines": [ 96.676318, 96.033027, 96.202492, 95.961945 ] }, { "date": "2024-05-31", "close": 101.684662, "volume": 73, "typical_volume": 4.65, "trend": 95.446361, "fair_value": 91.205921, "relative_strength": 0.655471, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.749202, "energy": 60.960071, "activity_lines": [ 98.636655, 97.121273, 96.721033, 96.400522 ] }, { "date": "2024-06-07", "close": 105.899704, "volume": 0, "typical_volume": 4.65, "trend": 96.108566, "fair_value": 91.140894, "relative_strength": 5.481571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.030323, "energy": 83.203804, "activity_lines": [ 101.451847, 98.791354, 97.611195, 97.074931 ] }, { "date": "2024-06-14", "close": 102.013474, "volume": 0, "typical_volume": 4.65, "trend": 96.476813, "fair_value": 91.057853, "relative_strength": 4.906306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.221232, "energy": 75.536408, "activity_lines": [ 102.222674, 99.616124, 98.07955, 97.455893 ] }, { "date": "2024-06-21", "close": 103.179337, "volume": 0, "typical_volume": 4.65, "trend": 96.874438, "fair_value": 90.96274, "relative_strength": 4.198429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.636489, "energy": 79.045284, "activity_lines": [ 102.898574, 100.577905, 98.632079, 97.888314 ] }, { "date": "2024-06-28", "close": 102.596405, "volume": 0, "typical_volume": 4.65, "trend": 97.192556, "fair_value": 90.86964, "relative_strength": 3.028943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.437051, "energy": 77.393856, "activity_lines": [ 103.014924, 101.313392, 99.088999, 98.257473 ] }, { "date": "2024-07-05", "close": 102.013474, "volume": 0, "typical_volume": 4.65, "trend": 97.526024, "fair_value": 90.806145, "relative_strength": -0.202233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.159222, "energy": 50.85974, "activity_lines": [ 102.661177, 101.781445, 99.451733, 98.5685 ] }, { "date": "2024-07-12", "close": 97.349998, "volume": 0, "typical_volume": 4.65, "trend": 97.577569, "fair_value": 90.686311, "relative_strength": -4.507386, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.717192, "energy": 24.312543, "activity_lines": [ 100.731017, 101.245571, 99.366049, 98.557143 ] }, { "date": "2024-07-19", "close": 94.921104, "volume": 0, "typical_volume": 4.65, "trend": 97.522856, "fair_value": 90.571604, "relative_strength": -5.844485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.254005, "energy": 15.006832, "activity_lines": [ 98.561205, 100.219269, 99.053423, 98.385759 ] }, { "date": "2024-07-26", "close": 95.795509, "volume": 0, "typical_volume": 4.65, "trend": 97.522585, "fair_value": 90.463651, "relative_strength": -4.859611, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.670114, "energy": 26.181654, "activity_lines": [ 97.155687, 99.349025, 98.840021, 98.274317 ] }, { "date": "2024-08-02", "close": 95.989822, "volume": 0, "typical_volume": 4.65, "trend": 97.541438, "fair_value": 90.333949, "relative_strength": -0.694273, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.00917, "energy": 31.298951, "activity_lines": [ 96.307195, 98.548751, 98.649679, 98.175429 ] }, { "date": "2024-08-09", "close": 95.601204, "volume": 0, "typical_volume": 4.65, "trend": 97.547337, "fair_value": 90.256942, "relative_strength": -2.012908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.092048, "energy": 30.212784, "activity_lines": [ 95.769603, 97.722725, 98.428668, 98.050253 ] }, { "date": "2024-08-16", "close": 96.572754, "volume": 0, "typical_volume": 4.65, "trend": 97.598268, "fair_value": 90.16317, "relative_strength": -2.783216, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.198345, "energy": 25.332493, "activity_lines": [ 95.983345, 97.183953, 98.280822, 97.987376 ] }, { "date": "2024-08-23", "close": 100.458984, "volume": 0, "typical_volume": 4.65, "trend": 97.734475, "fair_value": 90.08856, "relative_strength": -0.59682, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.080834, "energy": 9.709998, "activity_lines": [ 97.544313, 97.521348, 98.511176, 98.171938 ] }, { "date": "2024-08-30", "close": 98.904495, "volume": 0, "typical_volume": 4.65, "trend": 97.872617, "fair_value": 89.991339, "relative_strength": -3.186732, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.263878, "energy": 6.995855, "activity_lines": [ 98.217927, 97.604373, 98.581251, 98.247424 ] }, { "date": "2024-09-06", "close": 97.349998, "volume": 0, "typical_volume": 4.65, "trend": 97.968428, "fair_value": 89.897949, "relative_strength": -0.819639, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.559972, "energy": 9.486148, "activity_lines": [ 98.166109, 97.482486, 98.492127, 98.213706 ] }, { "date": "2024-09-13", "close": 98.710182, "volume": 0, "typical_volume": 4.65, "trend": 97.888249, "fair_value": 89.822477, "relative_strength": -0.118945, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.682546, "energy": 14.190774, "activity_lines": [ 98.477007, 97.703295, 98.515244, 98.261561 ] }, { "date": "2024-09-20", "close": 101.041916, "volume": 0, "typical_volume": 3.65, "trend": 97.98065, "fair_value": 89.774598, "relative_strength": 1.777241, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.528168, "energy": 25.829871, "activity_lines": [ 99.357885, 98.408115, 98.735297, 98.465024 ] }, { "date": "2024-09-27", "close": 101.624847, "volume": 0, "typical_volume": 3.65, "trend": 98.092483, "fair_value": 89.760349, "relative_strength": 1.359404, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.909325, "energy": 38.639451, "activity_lines": [ 100.135129, 99.151797, 98.980503, 98.700133 ] }, { "date": "2024-10-04", "close": 102.596405, "volume": 0, "typical_volume": 3.65, "trend": 98.28729, "fair_value": 89.724735, "relative_strength": 3.346167, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.866754, "energy": 51.550652, "activity_lines": [ 101.158502, 99.950239, 99.285551, 98.990709 ] }, { "date": "2024-10-11", "close": 101.624847, "volume": 0, "typical_volume": 3.65, "trend": 98.43074, "fair_value": 89.685192, "relative_strength": 2.118418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.088423, "energy": 55.098889, "activity_lines": [ 101.611894, 100.448382, 99.474756, 99.206035 ] }, { "date": "2024-10-18", "close": 102.013474, "volume": 0, "typical_volume": 0.0, "trend": 98.780017, "fair_value": 89.660787, "relative_strength": 2.02911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.639291, "energy": 55.714569, "activity_lines": [ 101.909839, 100.91473, 99.6859, 99.437179 ] }, { "date": "2024-10-25", "close": 97.932938, "volume": 0, "typical_volume": 0.0, "trend": 98.768786, "fair_value": 89.59068, "relative_strength": -0.848712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.339014, "energy": 23.395725, "activity_lines": [ 100.627386, 100.522575, 99.506856, 99.382529 ] }, { "date": "2024-11-01", "close": 95.989822, "volume": 0, "typical_volume": 0.0, "trend": 98.705431, "fair_value": 89.478224, "relative_strength": -1.351873, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.860212, "energy": 7.68126, "activity_lines": [ 98.904492, 99.752395, 99.180691, 99.203241 ] }, { "date": "2024-11-08", "close": 98.904495, "volume": 0, "typical_volume": 0.0, "trend": 98.783498, "fair_value": 89.362607, "relative_strength": 0.955533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.75794, "energy": 13.29519, "activity_lines": [ 98.528825, 99.593414, 99.160798, 99.216084 ] }, { "date": "2024-11-15", "close": 96.669914, "volume": 0, "typical_volume": 0.0, "trend": 98.881934, "fair_value": 89.234965, "relative_strength": -1.442876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.889035, "energy": 24.835398, "activity_lines": [ 97.654424, 99.028145, 98.948443, 99.079724 ] }, { "date": "2024-11-22", "close": 96.669914, "volume": 0, "typical_volume": 0.0, "trend": 98.989855, "fair_value": 89.108473, "relative_strength": -0.748217, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.882317, "energy": 48.198887, "activity_lines": [ 97.110353, 98.475242, 98.764311, 98.937013 ] }, { "date": "2024-11-29", "close": 93.755241, "volume": 0, "typical_volume": 0.0, "trend": 98.959517, "fair_value": 89.008137, "relative_strength": -3.815717, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.874024, "energy": 61.923922, "activity_lines": [ 95.950961, 97.429493, 98.328035, 98.599296 ] }, { "date": "2024-12-06", "close": 96.086983, "volume": 0, "typical_volume": 0.0, "trend": 99.003742, "fair_value": 88.877908, "relative_strength": -2.584831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.452477, "energy": 54.542064, "activity_lines": [ 95.84733, 96.940183, 98.130949, 98.413971 ] }, { "date": "2024-12-13", "close": 99.487427, "volume": 0, "typical_volume": 0.0, "trend": 99.063297, "fair_value": 88.792471, "relative_strength": -0.831353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.806307, "energy": 26.298187, "activity_lines": [ 96.870702, 97.169824, 98.252162, 98.445176 ] }, { "date": "2024-12-20", "close": 100.264671, "volume": 0, "typical_volume": 0.0, "trend": 99.123467, "fair_value": 88.715466, "relative_strength": 1.59482, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.774306, "energy": 10.895686, "activity_lines": [ 98.114294, 97.597308, 98.429818, 98.522684 ] }, { "date": "2024-12-27", "close": 100.264671, "volume": 0, "typical_volume": 0.0, "trend": 99.076134, "fair_value": 88.624664, "relative_strength": 0.468362, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.641689, "energy": 13.246797, "activity_lines": [ 99.118235, 98.049523, 98.587118, 98.59631 ] }, { "date": "2025-01-03", "close": 100.84761, "volume": 0, "typical_volume": 0.0, "trend": 98.90773, "fair_value": 88.570941, "relative_strength": 0.502493, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.282208, "energy": 25.621544, "activity_lines": [ 100.076839, 98.639524, 98.777728, 98.710599 ] }, { "date": "2025-01-10", "close": 100.264671, "volume": 0, "typical_volume": 0.0, "trend": 98.849437, "fair_value": 88.585914, "relative_strength": -0.053221, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.825616, "energy": 30.540227, "activity_lines": [ 100.368305, 99.070541, 98.892464, 98.798144 ] }, { "date": "2025-01-17", "close": 98.904495, "volume": 0, "typical_volume": 0.0, "trend": 98.706942, "fair_value": 88.602516, "relative_strength": -4.62227, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.739462, "energy": 33.77845, "activity_lines": [ 99.927867, 99.17653, 98.878585, 98.801696 ] }, { "date": "2025-01-24", "close": 98.515869, "volume": 0, "typical_volume": 0.0, "trend": 98.570924, "fair_value": 88.614326, "relative_strength": -6.447014, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.766625, "energy": 21.335374, "activity_lines": [ 99.396749, 99.211858, 98.827694, 98.789369 ] }, { "date": "2025-01-31", "close": 98.515869, "volume": 0, "typical_volume": 0.0, "trend": 98.454338, "fair_value": 88.61234, "relative_strength": -6.777097, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.26941, "energy": 8.614318, "activity_lines": [ 98.982217, 99.213625, 98.771251, 98.785817 ] }, { "date": "2025-02-07", "close": 98.515869, "volume": 0, "typical_volume": 0.0, "trend": 98.4932, "fair_value": 88.62645, "relative_strength": -6.960465, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 12.748339, "energy": 10.814514, "activity_lines": [ 98.684273, 99.181828, 98.715733, 98.789786 ] }, { "date": "2025-02-14", "close": 98.127251, "volume": 0, "typical_volume": 0.0, "trend": 98.600072, "fair_value": 88.680609, "relative_strength": -11.61462, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.730451, "energy": 11.445933, "activity_lines": [ 98.412238, 98.992817, 98.635233, 98.766177 ] }, { "date": "2025-02-21", "close": 96.475601, "volume": 0, "typical_volume": 0.0, "trend": 98.622741, "fair_value": 88.725905, "relative_strength": -12.026806, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.00276, "energy": 26.186549, "activity_lines": [ 97.732148, 98.466409, 98.414089, 98.629114 ] }, { "date": "2025-02-28", "close": 95.309731, "volume": 0, "typical_volume": 0.0, "trend": 98.600072, "fair_value": 88.790171, "relative_strength": -14.798181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.055377, "energy": 61.308994, "activity_lines": [ 96.825361, 97.782786, 98.111055, 98.415372 ] }, { "date": "2025-03-07", "close": 94.532486, "volume": 0, "typical_volume": 0.0, "trend": 98.564448, "fair_value": 88.82876, "relative_strength": -17.918175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.393427, "energy": 71.627237, "activity_lines": [ 95.873235, 97.047936, 97.76407, 98.152947 ] }, { "date": "2025-03-14", "close": 94.921104, "volume": 0, "typical_volume": 0.0, "trend": 98.509393, "fair_value": 88.880762, "relative_strength": -17.334851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.509176, "energy": 74.950606, "activity_lines": [ 95.316207, 96.487965, 97.489721, 97.917892 ] }, { "date": "2025-03-21", "close": 95.309731, "volume": 0, "typical_volume": 0.0, "trend": 98.337751, "fair_value": 88.922033, "relative_strength": -16.021847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.865933, "energy": 72.835225, "activity_lines": [ 95.128373, 96.106408, 97.266725, 97.711462 ] }, { "date": "2025-03-28", "close": 103.179337, "volume": 0, "typical_volume": 0.0, "trend": 98.480246, "fair_value": 89.049392, "relative_strength": -7.058531, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -6.5344, "energy": 5.916562, "activity_lines": [ 97.751575, 97.245778, 97.796454, 98.023823 ] }, { "date": "2025-04-04", "close": 94.823952, "volume": 0, "typical_volume": 0.0, "trend": 98.396044, "fair_value": 89.139287, "relative_strength": -5.052841, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -48.6011, "energy": 20.814509, "activity_lines": [ 97.142733, 96.788263, 97.510076, 97.787933 ] }, { "date": "2025-04-11", "close": 93.755241, "volume": 0, "typical_volume": 0.0, "trend": 98.230879, "fair_value": 89.241302, "relative_strength": -4.812038, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.455823, "energy": 22.65121, "activity_lines": [ 96.210039, 96.203563, 97.130706, 97.488526 ] }, { "date": "2025-04-18", "close": 96.184135, "volume": 0, "typical_volume": 0.0, "trend": 98.068953, "fair_value": 89.343366, "relative_strength": -7.200327, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.687339, "energy": 19.628792, "activity_lines": [ 96.138793, 96.147036, 96.996539, 97.356478 ] }, { "date": "2025-04-25", "close": 97.932938, "volume": 0, "typical_volume": 0.0, "trend": 97.94589, "fair_value": 89.469861, "relative_strength": -8.750737, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.918703, "energy": 20.184527, "activity_lines": [ 96.56628, 96.450869, 97.017358, 97.347703 ] }, { "date": "2025-05-02", "close": 99.098801, "volume": 0, "typical_volume": 0.0, "trend": 97.829303, "fair_value": 89.618202, "relative_strength": -8.821359, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.885503, "energy": 7.811095, "activity_lines": [ 97.207506, 96.97021, 97.140422, 97.422084 ] }, { "date": "2025-05-09", "close": 99.293114, "volume": 0, "typical_volume": 0.0, "trend": 97.751579, "fair_value": 89.776411, "relative_strength": -12.511759, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.808635, "energy": 14.87845, "activity_lines": [ 98.18554, 97.477186, 97.283842, 97.516524 ] }, { "date": "2025-05-16", "close": 97.738625, "volume": 0, "typical_volume": 0.0, "trend": 97.609084, "fair_value": 89.92638, "relative_strength": -16.105872, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.584031, "energy": 14.303732, "activity_lines": [ 98.347466, 97.629103, 97.283842, 97.515688 ] }, { "date": "2025-05-23", "close": 96.475601, "volume": 0, "typical_volume": 0.0, "trend": 97.560506, "fair_value": 90.054456, "relative_strength": -15.89826, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.283446, "energy": 7.537293, "activity_lines": [ 97.822826, 97.493085, 97.175583, 97.44256 ] }, { "date": "2025-05-30", "close": 97.349998, "volume": 0, "typical_volume": 0.0, "trend": 97.605845, "fair_value": 90.161693, "relative_strength": -15.619261, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.313497, "energy": 7.489385, "activity_lines": [ 97.57022, 97.487785, 97.171419, 97.428979 ] }, { "date": "2025-06-06", "close": 98.099998, "volume": 0, "typical_volume": 0.0, "trend": 97.579028, "fair_value": 90.290984, "relative_strength": -14.96064, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.622744, "energy": 4.376799, "activity_lines": [ 97.606477, 97.581753, 97.252563, 97.46086 ] }, { "date": "2025-06-13", "close": 97.199997, "volume": 0, "typical_volume": 0.0, "trend": 97.596698, "fair_value": 90.429007, "relative_strength": -13.504112, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.609903, "energy": 6.462542, "activity_lines": [ 97.40932, 97.604436, 97.251824, 97.436406 ] }, { "date": "2025-06-20", "close": 96.300003, "volume": 0, "typical_volume": 0.0, "trend": 97.584367, "fair_value": 90.564809, "relative_strength": -13.481422, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.788874, "energy": 15.412523, "activity_lines": [ 97.051706, 97.420283, 97.171636, 97.352749 ] }, { "date": "2025-06-27", "close": 97.800003, "volume": 0, "typical_volume": 0.0, "trend": 97.719193, "fair_value": 90.724424, "relative_strength": -13.400565, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.667021, "energy": 10.305596, "activity_lines": [ 97.290001, 97.462589, 97.244858, 97.366661 ] }, { "date": "2025-07-04", "close": 99.400002, "volume": 0, "typical_volume": 0.0, "trend": 97.829627, "fair_value": 90.865901, "relative_strength": -10.966452, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.327435, "energy": 13.755353, "activity_lines": [ 97.973335, 97.766424, 97.473869, 97.4751 ] }, { "date": "2025-07-11", "close": 100.400002, "volume": 0, "typical_volume": 0.0, "trend": 97.860046, "fair_value": 91.026211, "relative_strength": -11.795558, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 34.89164, "energy": 38.132081, "activity_lines": [ 98.853335, 98.225404, 97.792058, 97.640931 ] }, { "date": "2025-07-18", "close": 99.699997, "volume": 0, "typical_volume": 0.0, "trend": 97.841223, "fair_value": 91.156598, "relative_strength": -12.214303, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.141743, "energy": 44.572735, "activity_lines": [ 99.346667, 98.533452, 98.024892, 97.759637 ] }, { "date": "2025-07-25", "close": 100.800003, "volume": 0, "typical_volume": 0.0, "trend": 97.859068, "fair_value": 91.308824, "relative_strength": -12.722478, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.90837, "energy": 66.122723, "activity_lines": [ 100.040001, 99.034103, 98.341583, 97.950526 ] }, { "date": "2025-08-01", "close": 98.5, "volume": 1, "typical_volume": 0.05, "trend": 97.780814, "fair_value": 91.454588, "relative_strength": -12.106427, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.438015, "energy": 54.342855, "activity_lines": [ 99.666667, 99.06091, 98.40938, 97.991877 ] }, { "date": "2025-08-08", "close": 99.599998, "volume": 0, "typical_volume": 0.05, "trend": 97.758658, "fair_value": 91.572504, "relative_strength": -15.719593, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.096443, "energy": 39.21546, "activity_lines": [ 99.613333, 99.250909, 98.564896, 98.109243 ] }, { "date": "2025-08-15", "close": 96.0, "volume": 0, "typical_volume": 0.05, "trend": 97.661842, "fair_value": 91.675032, "relative_strength": -20.450463, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.896213, "energy": 8.536015, "activity_lines": [ 98.346666, 98.745455, 98.357126, 97.995781 ] }, { "date": "2025-08-22", "close": 93.800003, "volume": 0, "typical_volume": 0.05, "trend": 97.504646, "fair_value": 91.799541, "relative_strength": -20.835293, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.763084, "energy": 30.094769, "activity_lines": [ 96.640001, 97.878183, 97.97402, 97.746631 ] }, { "date": "2025-08-29", "close": 96.300003, "volume": 0, "typical_volume": 0.05, "trend": 97.430784, "fair_value": 91.961371, "relative_strength": -15.324971, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.858391, "energy": 26.514434, "activity_lines": [ 96.160002, 97.527274, 97.833884, 97.668912 ] }, { "date": "2025-09-05", "close": 96.599998, "volume": 0, "typical_volume": 0.05, "trend": 97.366922, "fair_value": 92.134588, "relative_strength": -14.339281, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.512628, "energy": 29.904956, "activity_lines": [ 96.080001, 97.23091, 97.710202, 97.615312 ] }, { "date": "2025-09-12", "close": 98.599998, "volume": 0, "typical_volume": 0.05, "trend": 97.38268, "fair_value": 92.334231, "relative_strength": -13.092059, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -3.477489, "energy": 19.505276, "activity_lines": [ 96.793333, 97.32, 97.775016, 97.694866 ] }, { "date": "2025-09-19", "close": 95.699997, "volume": 0, "typical_volume": 0.05, "trend": 97.356827, "fair_value": 92.520608, "relative_strength": -14.808942, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.132209, "energy": 17.190002, "activity_lines": [ 96.606665, 96.896363, 97.560463, 97.586306 ] }, { "date": "2025-09-26", "close": 97.900002, "volume": 0, "typical_volume": 0.05, "trend": 97.443169, "fair_value": 92.708074, "relative_strength": -12.857335, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.813625, "energy": 2.855281, "activity_lines": [ 97.173333, 96.958182, 97.571618, 97.621349 ] }, { "date": "2025-10-03", "close": 100.400002, "volume": 0, "typical_volume": 0.05, "trend": 97.638753, "fair_value": 92.912748, "relative_strength": -12.045611, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.461979, "energy": 21.503179, "activity_lines": [ 98.3, 97.507273, 97.827503, 97.812113 ] }, { "date": "2025-10-10", "close": 103.0, "volume": 0, "typical_volume": 0.05, "trend": 97.908049, "fair_value": 93.135273, "relative_strength": -7.578658, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.392382, "energy": 55.178933, "activity_lines": [ 100.02, 98.536364, 98.318334, 98.158 ] }, { "date": "2025-10-17", "close": 103.199997, "volume": 0, "typical_volume": 0.05, "trend": 98.171058, "fair_value": 93.346065, "relative_strength": -5.186285, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.920232, "energy": 71.258175, "activity_lines": [ 101.379999, 99.52, 98.797143, 98.499416 ] }, { "date": "2025-10-24", "close": 103.400002, "volume": 0, "typical_volume": 0.05, "trend": 98.178414, "fair_value": 93.536254, "relative_strength": -6.400012, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.673085, "energy": 75.712463, "activity_lines": [ 102.5, 100.474545, 99.267143, 98.836767 ] }, { "date": "2025-10-31", "close": 99.900002, "volume": 0, "typical_volume": 0.05, "trend": 98.347615, "fair_value": 93.699865, "relative_strength": -11.776803, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.727041, "energy": 67.099938, "activity_lines": [ 101.940001, 100.658182, 99.378572, 98.947837 ] }, { "date": "2025-11-07", "close": 97.599998, "volume": 20, "typical_volume": 1.05, "trend": 98.475774, "fair_value": 93.800819, "relative_strength": -12.304441, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.599798, "energy": 28.297543, "activity_lines": [ 100.48, 100.312727, 99.258095, 98.899604 ] }, { "date": "2025-11-14", "close": 97.800003, "volume": 20, "typical_volume": 2.05, "trend": 98.529636, "fair_value": 93.882943, "relative_strength": -13.420658, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.54813, "energy": 13.569872, "activity_lines": [ 99.273334, 99.980001, 99.150477, 98.856005 ] }, { "date": "2025-11-21", "close": 99.599998, "volume": 0, "typical_volume": 2.05, "trend": 98.585205, "fair_value": 93.961818, "relative_strength": -10.157283, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.890065, "energy": 21.292521, "activity_lines": [ 99.013333, 99.952727, 99.214286, 98.925061 ] }, { "date": "2025-11-28", "close": 103.400002, "volume": 0, "typical_volume": 2.05, "trend": 98.728578, "fair_value": 94.048488, "relative_strength": -10.401145, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.935574, "energy": 24.309882, "activity_lines": [ 100.260001, 100.598182, 99.639048, 99.235693 ] }, { "date": "2025-12-05", "close": 101.199997, "volume": 0, "typical_volume": 2.05, "trend": 98.792141, "fair_value": 94.141168, "relative_strength": -13.050082, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.439945, "energy": 24.758942, "activity_lines": [ 100.773333, 100.703636, 99.84, 99.395139 ] }, { "date": "2025-12-12", "close": 101.400002, "volume": 0, "typical_volume": 2.05, "trend": 98.914187, "fair_value": 94.267072, "relative_strength": -12.6999, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.874438, "energy": 39.822443, "activity_lines": [ 101.266667, 100.785455, 100.052857, 99.563389 ] }, { "date": "2025-12-19", "close": 101.199997, "volume": 0, "typical_volume": 2.0, "trend": 99.071667, "fair_value": 94.391695, "relative_strength": -14.43737, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.854537, "energy": 44.27678, "activity_lines": [ 101.439999, 100.812727, 100.243809, 99.71086 ] }, { "date": "2025-12-26", "close": 101.800003, "volume": 0, "typical_volume": 2.0, "trend": 99.22, "fair_value": 94.518389, "relative_strength": -13.53306, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.377503, "energy": 37.952296, "activity_lines": [ 101.586667, 100.981818, 100.479048, 99.886882 ] }, { "date": "2026-01-02", "close": 102.0, "volume": 0, "typical_volume": 2.0, "trend": 99.35, "fair_value": 94.632168, "relative_strength": -14.427429, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.423521, "energy": 36.791009, "activity_lines": [ 101.653334, 101.212727, 100.722857, 100.066237 ] }, { "date": "2026-01-09", "close": 105.400002, "volume": 50, "typical_volume": 4.5, "trend": 99.623334, "fair_value": 94.749997, "relative_strength": -11.812189, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.98016, "energy": 57.281882, "activity_lines": [ 102.946668, 102.087273, 101.261905, 100.456559 ] }, { "date": "2026-01-16", "close": 105.0, "volume": 0, "typical_volume": 4.5, "trend": 99.913334, "fair_value": 94.855205, "relative_strength": -12.695493, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.761426, "energy": 66.618374, "activity_lines": [ 103.826667, 102.789091, 101.707619, 100.803441 ] }, { "date": "2026-01-23", "close": 102.400002, "volume": 0, "typical_volume": 4.5, "trend": 100.066667, "fair_value": 94.952619, "relative_strength": -15.085868, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.091487, "energy": 56.256276, "activity_lines": [ 103.600001, 102.883637, 101.864286, 100.963871 ] }, { "date": "2026-01-30", "close": 101.400002, "volume": 0, "typical_volume": 4.5, "trend": 100.133334, "fair_value": 95.038892, "relative_strength": -16.658279, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.616059, "energy": 45.296569, "activity_lines": [ 102.960001, 102.712728, 101.898096, 101.049893 ] }, { "date": "2026-02-06", "close": 102.0, "volume": 0, "typical_volume": 4.5, "trend": 100.186667, "fair_value": 95.146164, "relative_strength": -16.515686, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.594192, "energy": 23.194135, "activity_lines": [ 102.546668, 102.618183, 101.975715, 101.170323 ] }, { "date": "2026-02-13", "close": 102.400002, "volume": 0, "typical_volume": 4.5, "trend": 100.276667, "fair_value": 95.227607, "relative_strength": -15.107819, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.58209, "energy": 18.873805, "activity_lines": [ 102.266668, 102.621819, 102.061429, 101.313119 ] }, { "date": "2026-02-20", "close": 103.400002, "volume": 0, "typical_volume": 4.5, "trend": 100.363334, "fair_value": 95.324925, "relative_strength": -16.556922, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.838486, "energy": 18.87902, "activity_lines": [ 102.520002, 102.785456, 102.220953, 101.514624 ] }, { "date": "2026-02-27", "close": 99.699997, "volume": 0, "typical_volume": 4.5, "trend": 100.403334, "fair_value": 95.413905, "relative_strength": -17.643124, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.171326, "energy": 10.214958, "activity_lines": [ 101.646667, 102.240001, 102.01381, 101.471828 ] }, { "date": "2026-03-06", "close": 99.099998, "volume": 0, "typical_volume": 4.5, "trend": 100.386667, "fair_value": 95.499039, "relative_strength": -13.333705, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.518871, "energy": 12.237622, "activity_lines": [ 100.753333, 101.612727, 101.765238, 101.387742 ] }, { "date": "2026-03-13", "close": 99.699997, "volume": 0, "typical_volume": 4.5, "trend": 100.51, "fair_value": 95.590385, "relative_strength": -10.223706, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.540881, "energy": 21.486354, "activity_lines": [ 100.213332, 101.143636, 101.593333, 101.343441 ] }, { "date": "2026-03-20", "close": 96.599998, "volume": 0, "typical_volume": 4.5, "trend": 100.603333, "fair_value": 95.660676, "relative_strength": -11.567708, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.704027, "energy": 50.45722, "activity_lines": [ 98.793331, 100.152726, 101.143809, 101.091183 ] }, { "date": "2026-03-27", "close": 90.5, "volume": 0, "typical_volume": 3.5, "trend": 100.41, "fair_value": 95.679442, "relative_strength": -17.779096, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.555484, "energy": 73.984245, "activity_lines": [ 95.726665, 98.212726, 100.129047, 100.439355 ] }, { "date": "2026-04-03", "close": 87.754799, "volume": 0, "typical_volume": 2.5, "trend": 100.11516, "fair_value": 95.663456, "relative_strength": -22.347015, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.320797, "energy": 92.631694, "activity_lines": [ 92.604932, 96.037235, 98.886647, 99.62289 ] }, { "date": "2026-04-10", "close": 90.663795, "volume": 0, "typical_volume": 2.5, "trend": 99.85062, "fair_value": 95.65902, "relative_strength": -24.009856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.139706, "energy": 89.375673, "activity_lines": [ 91.249211, 94.656929, 97.969129, 99.013125 ] }, { "date": "2026-04-17", "close": 96.966629, "volume": 100, "typical_volume": 7.5, "trend": 99.892841, "fair_value": 95.713324, "relative_strength": -20.07122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.034396, "energy": 78.11711, "activity_lines": [ 92.556848, 94.617796, 97.694433, 98.827061 ] }, { "date": "2026-04-24", "close": 91.34256, "volume": 18, "typical_volume": 8.4, "trend": 99.67426, "fair_value": 95.74873, "relative_strength": -21.428105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.300683, "energy": 60.584549, "activity_lines": [ 92.17202, 93.647621, 96.914748, 98.27543 ] }, { "date": "2026-05-01", "close": 91.439537, "volume": 0, "typical_volume": 8.4, "trend": 99.375577, "fair_value": 95.767604, "relative_strength": -21.27958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.880428, "energy": 48.626989, "activity_lines": [ 92.170013, 92.896123, 96.191238, 97.744157 ] }, { "date": "2026-05-08", "close": 90.082001, "volume": 0, "typical_volume": 8.4, "trend": 98.944977, "fair_value": 95.778959, "relative_strength": -23.050533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.575475, "energy": 47.636255, "activity_lines": [ 91.652859, 92.115263, 95.38587, 97.144572 ] }, { "date": "2026-05-15", "close": 102.008888, "volume": 0, "typical_volume": 8.4, "trend": 98.905274, "fair_value": 95.869134, "relative_strength": -12.117807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.302534, "energy": 16.962696, "activity_lines": [ 94.956187, 93.677801, 95.769339, 97.342243 ] }, { "date": "2026-05-22", "close": 99.681702, "volume": 0, "typical_volume": 8.4, "trend": 98.78133, "fair_value": 95.975742, "relative_strength": -15.446611, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.607632, "energy": 17.169021, "activity_lines": [ 96.727447, 94.764325, 95.930176, 97.392336 ] }, { "date": "2026-05-29", "close": 99.293831, "volume": 0, "typical_volume": 5.9, "trend": 98.761125, "fair_value": 96.07454, "relative_strength": -17.581093, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.154727, "energy": 22.320709, "activity_lines": [ 98.188411, 95.780659, 96.065113, 97.4254 ] }, { "date": "2026-06-05", "close": 94.800003, "volume": 0, "typical_volume": 5.9, "trend": 98.667792, "fair_value": 96.149585, "relative_strength": -19.966272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.073541, "energy": 23.017473, "activity_lines": [ 97.621348, 95.930955, 95.801143, 97.169844 ] }, { "date": "2026-06-12", "close": 97.599998, "volume": 0, "typical_volume": 5.9, "trend": 98.661125, "fair_value": 96.262644, "relative_strength": -19.364664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.211244, "energy": 15.394326, "activity_lines": [ 97.763586, 96.51216, 95.85241, 97.100954 ] }, { "date": "2026-06-19", "close": 95.199997, "volume": 0, "typical_volume": 5.9, "trend": 98.514458, "fair_value": 96.36883, "relative_strength": -24.010596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.608941, "energy": 9.762044, "activity_lines": [ 96.604623, 96.477997, 95.697964, 96.877655 ] }, { "date": "2026-06-26", "close": 91.699997, "volume": 0, "typical_volume": 5.9, "trend": 98.124458, "fair_value": 96.400897, "relative_strength": -24.828138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.443688, "energy": 29.996648, "activity_lines": [ 94.73292, 95.724993, 95.239707, 96.438013 ] }, { "date": "2026-07-03", "close": 94.199997, "volume": 0, "typical_volume": 5.9, "trend": 97.891125, "fair_value": 96.428924, "relative_strength": -24.018755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.885943, "energy": 30.706393, "activity_lines": [ 94.226664, 95.522293, 95.068594, 96.184822 ] }, { "date": "2026-07-10", "close": 93.0, "volume": 0, "typical_volume": 5.9, "trend": 97.611124, "fair_value": 96.432234, "relative_strength": -23.421222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.859369, "energy": 39.91833, "activity_lines": [ 93.659998, 95.049457, 94.822243, 95.869265 ] }, { "date": "2026-07-17", "close": 96.699997, "volume": 0, "typical_volume": 5.9, "trend": 97.461124, "fair_value": 96.466558, "relative_strength": -18.283277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.695998, "energy": 28.02099, "activity_lines": [ 94.446664, 95.220976, 94.977797, 95.810483 ] }, { "date": "2026-07-24", "close": 97.599998, "volume": 0, "typical_volume": 5.9, "trend": 97.321124, "fair_value": 96.518812, "relative_strength": -18.099319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.880361, "energy": 4.932092, "activity_lines": [ 95.593331, 95.435805, 95.23335, 95.819442 ] }, { "date": "2026-07-31", "close": 96.199997, "volume": 0, "typical_volume": 5.9, "trend": 97.127791, "fair_value": 96.558443, "relative_strength": -18.689445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.74376, "energy": 10.185986, "activity_lines": [ 96.113331, 95.476249, 95.362713, 95.747112 ] }, { "date": "2026-08-07", "close": 98.300003, "volume": 0, "typical_volume": 5.9, "trend": 96.891124, "fair_value": 96.635858, "relative_strength": -18.808635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 18.453567, "energy": 19.084287, "activity_lines": [ 97.033333, 95.961817, 95.708743, 95.822738 ] } ], "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." } } }