{ "ticker": { "uuid": "2fe0ede0-b5d1-4f5d-b803-8cbf900f8fb5", "symbol": "BRNT", "name": "WisdomTree Brent Crude Oil", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.675, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 34.424, "architecture_energy": 28.515, "architecture_maturity": 42.921, "architecture_confidence": 58.139, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 42.8, "rotation_up": 59.24, "upward_expansion": 62.47, "deceleration": 64.98, "rotation_down": 10.23, "downward_expansion": 14.8 }, "activity_lines": [ 68.003332, 65.96109, 67.87, 67.048968 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 66.089996, "trend_reference": 63.245167, "distance_from_trend": 0.044981, "trend_direction": "Improving", "fair_value": 48.961667, "distance_from_fair_value": 0.349831, "fair_value_direction": "Weakening", "relative_strength": 5.951333, "relative_strength_direction": "Weakening", "price_momentum": 0.473907, "excess_performance": 0.303015, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.044981, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.152357, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.349831, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.224585, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.059513, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.303263, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.473907, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.963881, "read": "Supply-led" } ], "volume": { "latest": 658039, "relative_activity": 1.325565, "balance": 0.963881, "dry_up": 1.316715, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.085501, "annualized_volatility": 0.595713, "from_high_reference": -0.206888, "from_low_reference": 0.73419 }, "levels": { "trend_reference": 63.245167, "fair_value_reference": 48.961667, "structural_low": 43.700001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.018631, "positive_rate": 0.6875, "directional_follow_through": 0.6875, "median_excess_return": 0.012644, "regime_survival": 0.5, "best_return": 0.157525, "worst_return": -0.105365, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.019143, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.019239, "regime_survival": 0.0, "best_return": 0.692793, "worst_return": -0.183713, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.034131, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.115795, "regime_survival": 0.166667, "best_return": 0.509529, "worst_return": -0.138514, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.008436, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.192788, "regime_survival": 0.25, "best_return": 1.099686, "worst_return": -0.100638, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-08-09", "tenure": "Developing", "return": -0.060724, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": -0.029343, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-11-08", "tenure": "Developing", "return": 0.08535, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": 0.096521, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.015157, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": -0.026763, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.05607, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.00966, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-07-04", "tenure": "Developing", "return": 0.023207, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-12-12", "tenure": "Established", "return": -0.088347, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": 0.091838, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": 0.03195, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-06-12", "tenure": "Established", "return": 0.43087, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.02672, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 45.084999, "volume": 5836, "typical_volume": 29878.4, "trend": 42.013, "fair_value": 34.785006, "relative_strength": -7.125287, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.22529, "energy": 71.716075, "activity_lines": [ 44.958667, 43.455364, 42.117381, 41.91257 ] }, { "date": "2023-08-25", "close": 45.299999, "volume": 20504, "typical_volume": 29319.4, "trend": 42.037833, "fair_value": 34.970904, "relative_strength": -7.412885, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.16517, "energy": 80.886859, "activity_lines": [ 45.261, 44.010909, 42.460429, 42.124634 ] }, { "date": "2023-09-01", "close": 47.580002, "volume": 17161, "typical_volume": 29471.2, "trend": 42.221333, "fair_value": 35.177468, "relative_strength": -3.622133, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.457468, "energy": 88.798147, "activity_lines": [ 46.091667, 44.881273, 43.014, 42.482194 ] }, { "date": "2023-09-08", "close": 49.615002, "volume": 21265, "typical_volume": 29750.05, "trend": 42.3725, "fair_value": 35.403513, "relative_strength": 2.452225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.428405, "energy": 94.134478, "activity_lines": [ 47.360001, 45.965637, 43.746381, 42.959205 ] }, { "date": "2023-09-15", "close": 51.25, "volume": 29165, "typical_volume": 30331.15, "trend": 42.637167, "fair_value": 35.633423, "relative_strength": 3.912403, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.662336, "energy": 96.191299, "activity_lines": [ 48.875667, 47.168637, 44.598881, 43.531946 ] }, { "date": "2023-09-22", "close": 51.0, "volume": 11647, "typical_volume": 29093.5, "trend": 42.8785, "fair_value": 35.863244, "relative_strength": 5.059703, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.827928, "energy": 93.439491, "activity_lines": [ 49.953667, 48.134728, 45.3795, 44.071484 ] }, { "date": "2023-09-29", "close": 51.150002, "volume": 11634, "typical_volume": 27499.9, "trend": 43.081, "fair_value": 36.100423, "relative_strength": 7.154353, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.790163, "energy": 90.921552, "activity_lines": [ 50.687334, 48.949092, 46.11631, 44.605129 ] }, { "date": "2023-10-06", "close": 46.77, "volume": 29857, "typical_volume": 27560.5, "trend": 43.1925, "fair_value": 36.302872, "relative_strength": 0.453672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.894595, "energy": 65.268209, "activity_lines": [ 49.571001, 48.797546, 46.378215, 44.843129 ] }, { "date": "2023-10-13", "close": 50.099998, "volume": 37524, "typical_volume": 28650.0, "trend": 43.565833, "fair_value": 36.526487, "relative_strength": 6.754277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.902599, "energy": 59.586657, "activity_lines": [ 49.618666, 49.200546, 46.924619, 45.288774 ] }, { "date": "2023-10-20", "close": 51.880001, "volume": 53531, "typical_volume": 29843.05, "trend": 43.994667, "fair_value": 36.763859, "relative_strength": 14.650154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.521178, "energy": 61.01533, "activity_lines": [ 50.227333, 49.837182, 47.597619, 45.825172 ] }, { "date": "2023-10-27", "close": 49.32, "volume": 23481, "typical_volume": 28833.35, "trend": 44.264167, "fair_value": 36.994551, "relative_strength": 9.838069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.315601, "energy": 45.565934, "activity_lines": [ 49.940667, 49.900273, 47.972429, 46.168742 ] }, { "date": "2023-11-03", "close": 47.805, "volume": 20084, "typical_volume": 27344.1, "trend": 44.394, "fair_value": 37.212737, "relative_strength": 2.045051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.812878, "energy": 39.594848, "activity_lines": [ 49.261, 49.610909, 48.161429, 46.397183 ] }, { "date": "2023-11-10", "close": 45.645, "volume": 34010, "typical_volume": 26061.3, "trend": 44.4345, "fair_value": 37.409859, "relative_strength": -1.46102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.888983, "energy": 20.03961, "activity_lines": [ 48.084333, 48.883273, 48.106667, 46.477893 ] }, { "date": "2023-11-17", "close": 44.209999, "volume": 17104, "typical_volume": 24806.15, "trend": 44.5035, "fair_value": 37.5955, "relative_strength": -7.358562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.827513, "energy": 18.244635, "activity_lines": [ 46.504333, 47.929909, 47.883595, 46.463409 ] }, { "date": "2023-11-24", "close": 45.130001, "volume": 15945, "typical_volume": 22769.7, "trend": 44.636, "fair_value": 37.77991, "relative_strength": -4.866529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.081108, "energy": 23.213326, "activity_lines": [ 45.623667, 47.242091, 47.727095, 46.503828 ] }, { "date": "2023-12-01", "close": 45.060001, "volume": 42326, "typical_volume": 23695.75, "trend": 44.844667, "fair_value": 37.963769, "relative_strength": -6.186492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.235809, "energy": 25.725291, "activity_lines": [ 45.169667, 46.652818, 47.542929, 46.531183 ] }, { "date": "2023-12-08", "close": 42.68, "volume": 38030, "typical_volume": 24917.15, "trend": 44.966667, "fair_value": 38.130231, "relative_strength": -12.237269, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.610409, "energy": 42.210693, "activity_lines": [ 44.206334, 45.738818, 47.1135, 46.391527 ] }, { "date": "2023-12-15", "close": 42.595001, "volume": 21386, "typical_volume": 24752.0, "trend": 45.056, "fair_value": 38.292442, "relative_strength": -11.95189, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.645186, "energy": 55.019834, "activity_lines": [ 43.556334, 44.963364, 46.671905, 46.238516 ] }, { "date": "2023-12-22", "close": 43.540001, "volume": 42997, "typical_volume": 25744.65, "trend": 45.137834, "fair_value": 38.462122, "relative_strength": -9.483395, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.924262, "energy": 42.657465, "activity_lines": [ 43.424667, 44.435637, 46.326858, 46.14071 ] }, { "date": "2023-12-29", "close": 42.59, "volume": 10488, "typical_volume": 25198.75, "trend": 45.208834, "fair_value": 38.626699, "relative_strength": -10.965802, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.430111, "energy": 46.036917, "activity_lines": [ 43.021001, 43.854455, 45.899, 45.976334 ] }, { "date": "2024-01-05", "close": 43.709999, "volume": 25618, "typical_volume": 26187.85, "trend": 45.3125, "fair_value": 38.789224, "relative_strength": -8.635509, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.096274, "energy": 33.812752, "activity_lines": [ 43.16, 43.645818, 45.593738, 45.879635 ] }, { "date": "2024-01-12", "close": 43.509998, "volume": 34911, "typical_volume": 26908.2, "trend": 45.435667, "fair_value": 38.94975, "relative_strength": -8.843551, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.555573, "energy": 27.936427, "activity_lines": [ 43.322333, 43.502818, 45.275976, 45.763344 ] }, { "date": "2024-01-19", "close": 43.965, "volume": 41159, "typical_volume": 28108.1, "trend": 45.601167, "fair_value": 39.11368, "relative_strength": -7.00419, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.158824, "energy": 20.263036, "activity_lines": [ 43.580999, 43.520636, 45.010071, 45.668462 ] }, { "date": "2024-01-26", "close": 45.654999, "volume": 23266, "typical_volume": 28208.15, "trend": 45.796667, "fair_value": 39.288045, "relative_strength": -3.514488, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.955149, "energy": 18.936574, "activity_lines": [ 44.311666, 43.876272, 44.922333, 45.671936 ] }, { "date": "2024-02-02", "close": 43.82, "volume": 42010, "typical_volume": 28850.4, "trend": 45.9, "fair_value": 39.44016, "relative_strength": -8.262008, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.573114, "energy": 18.740444, "activity_lines": [ 44.289666, 43.872, 44.67869, 45.544409 ] }, { "date": "2024-02-09", "close": 46.055, "volume": 26724, "typical_volume": 29604.25, "trend": 46.063334, "fair_value": 39.602564, "relative_strength": -4.732254, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.558156, "energy": 17.216294, "activity_lines": [ 44.930666, 44.297909, 44.683286, 45.554409 ] }, { "date": "2024-02-16", "close": 46.919998, "volume": 22991, "typical_volume": 30172.1, "trend": 46.233167, "fair_value": 39.768622, "relative_strength": -4.607748, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.00344, "energy": 12.763497, "activity_lines": [ 45.703666, 44.862999, 44.793809, 45.609677 ] }, { "date": "2024-02-23", "close": 46.25, "volume": 22946, "typical_volume": 29826.55, "trend": 46.309167, "fair_value": 39.924744, "relative_strength": -8.521004, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.78324, "energy": 15.348867, "activity_lines": [ 46.025999, 45.229181, 44.860666, 45.610763 ] }, { "date": "2024-03-01", "close": 47.814999, "volume": 23747, "typical_volume": 29137.7, "trend": 46.398, "fair_value": 40.080577, "relative_strength": -5.897883, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.066188, "energy": 33.117274, "activity_lines": [ 46.717666, 45.813454, 45.079047, 45.707914 ] }, { "date": "2024-03-08", "close": 46.18, "volume": 26181, "typical_volume": 27770.2, "trend": 46.406167, "fair_value": 40.224968, "relative_strength": -10.160085, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.221966, "energy": 34.016958, "activity_lines": [ 46.720333, 46.022727, 45.152595, 45.693849 ] }, { "date": "2024-03-15", "close": 48.244999, "volume": 18554, "typical_volume": 27523.85, "trend": 46.5115, "fair_value": 40.392692, "relative_strength": -7.504448, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.876897, "energy": 45.667674, "activity_lines": [ 47.253999, 46.542181, 45.449952, 45.812484 ] }, { "date": "2024-03-22", "close": 48.735001, "volume": 16880, "typical_volume": 27363.65, "trend": 46.626, "fair_value": 40.561186, "relative_strength": -7.562549, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.140292, "energy": 49.822611, "activity_lines": [ 47.805, 47.068272, 45.799095, 45.955935 ] }, { "date": "2024-03-29", "close": 49.650002, "volume": 8791, "typical_volume": 26102.7, "trend": 46.695, "fair_value": 40.738846, "relative_strength": -6.81988, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.122665, "energy": 57.370281, "activity_lines": [ 48.540001, 47.665727, 46.230952, 46.151032 ] }, { "date": "2024-04-05", "close": 52.220001, "volume": 24858, "typical_volume": 26490.4, "trend": 46.781833, "fair_value": 40.933878, "relative_strength": 0.230986, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.886503, "energy": 75.284991, "activity_lines": [ 49.905001, 48.627091, 46.8885, 46.507484 ] }, { "date": "2024-04-12", "close": 53.360001, "volume": 26610, "typical_volume": 27023.65, "trend": 46.852167, "fair_value": 41.129295, "relative_strength": 3.186081, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.653328, "energy": 91.702105, "activity_lines": [ 51.356334, 49.676364, 47.616476, 46.931882 ] }, { "date": "2024-04-19", "close": 50.869999, "volume": 44162, "typical_volume": 27115.45, "trend": 46.847833, "fair_value": 41.311795, "relative_strength": -2.06364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.743678, "energy": 82.761061, "activity_lines": [ 51.499, 50.099455, 48.068119, 47.191097 ] }, { "date": "2024-04-26", "close": 51.869999, "volume": 50709, "typical_volume": 27749.4, "trend": 46.871833, "fair_value": 41.497756, "relative_strength": -1.087953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.619473, "energy": 83.140333, "activity_lines": [ 51.8, 50.616818, 48.587333, 47.515107 ] }, { "date": "2024-05-03", "close": 48.650002, "volume": 20123, "typical_volume": 27686.25, "trend": 46.9345, "fair_value": 41.660673, "relative_strength": -5.548274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.179301, "energy": 52.153091, "activity_lines": [ 50.818667, 50.458728, 48.756119, 47.629828 ] }, { "date": "2024-05-10", "close": 48.805, "volume": 25638, "typical_volume": 26818.3, "trend": 46.891333, "fair_value": 41.824167, "relative_strength": -8.036419, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.820896, "energy": 31.734125, "activity_lines": [ 49.955667, 50.285182, 48.910833, 47.750505 ] }, { "date": "2024-05-17", "close": 48.52, "volume": 11802, "typical_volume": 26884.0, "trend": 46.779333, "fair_value": 41.989808, "relative_strength": -10.400116, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.440911, "energy": 25.418443, "activity_lines": [ 49.225334, 50.041819, 49.013333, 47.855581 ] }, { "date": "2024-05-24", "close": 47.610001, "volume": 55099, "typical_volume": 28358.05, "trend": 46.722333, "fair_value": 42.143718, "relative_strength": -9.586843, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.819114, "energy": 27.044341, "activity_lines": [ 48.514334, 49.590455, 49.000929, 47.909172 ] }, { "date": "2024-05-31", "close": 47.775002, "volume": 16689, "typical_volume": 27446.95, "trend": 46.721333, "fair_value": 42.293878, "relative_strength": -9.150652, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.886606, "energy": 23.663145, "activity_lines": [ 48.075668, 49.180637, 48.985667, 47.977086 ] }, { "date": "2024-06-07", "close": 46.875, "volume": 45217, "typical_volume": 27649.85, "trend": 46.762333, "fair_value": 42.43516, "relative_strength": -11.134645, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.930753, "energy": 18.84372, "activity_lines": [ 47.610001, 48.624637, 48.864381, 47.987 ] }, { "date": "2024-06-14", "close": 49.014999, "volume": 38345, "typical_volume": 28403.8, "trend": 46.9225, "fair_value": 42.585449, "relative_strength": -1.491494, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.574198, "energy": 16.163994, "activity_lines": [ 47.976, 48.508182, 48.933048, 48.132333 ] }, { "date": "2024-06-21", "close": 50.84, "volume": 60210, "typical_volume": 29313.8, "trend": 47.112833, "fair_value": 42.743526, "relative_strength": 0.083306, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.30116, "energy": 19.121734, "activity_lines": [ 48.936333, 48.781818, 49.159524, 48.385075 ] }, { "date": "2024-06-28", "close": 50.689999, "volume": 16830, "typical_volume": 28819.1, "trend": 47.3005, "fair_value": 42.897051, "relative_strength": 0.103716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.877502, "energy": 28.373352, "activity_lines": [ 49.692, 49.074, 49.338286, 48.61586 ] }, { "date": "2024-07-05", "close": 51.959999, "volume": 65485, "typical_volume": 30943.8, "trend": 47.609833, "fair_value": 43.05968, "relative_strength": 0.014679, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.426102, "energy": 54.011842, "activity_lines": [ 50.665666, 49.600363, 49.615929, 48.916473 ] }, { "date": "2024-07-12", "close": 50.310001, "volume": 13584, "typical_volume": 30475.7, "trend": 47.867, "fair_value": 43.21516, "relative_strength": -4.84468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.610424, "energy": 57.717065, "activity_lines": [ 50.810333, 49.825091, 49.712429, 49.090678 ] }, { "date": "2024-07-19", "close": 49.314999, "volume": 10205, "typical_volume": 29798.6, "trend": 48.0595, "fair_value": 43.363622, "relative_strength": -5.721882, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.688898, "energy": 48.176721, "activity_lines": [ 50.394333, 49.838727, 49.694833, 49.184097 ] }, { "date": "2024-07-26", "close": 47.544998, "volume": 13655, "typical_volume": 29172.3, "trend": 48.224666, "fair_value": 43.497308, "relative_strength": -7.921941, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.789985, "energy": 10.044582, "activity_lines": [ 49.368332, 49.521272, 49.501524, 49.150903 ] }, { "date": "2024-08-02", "close": 45.830002, "volume": 32590, "typical_volume": 29874.1, "trend": 48.295333, "fair_value": 43.627949, "relative_strength": -6.097958, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -33.174998, "energy": 29.963358, "activity_lines": [ 47.990333, 48.909727, 49.138381, 48.996409 ] }, { "date": "2024-08-09", "close": 47.255001, "volume": 55048, "typical_volume": 31782.5, "trend": 48.420167, "fair_value": 43.767789, "relative_strength": -2.28645, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -29.172453, "energy": 33.917364, "activity_lines": [ 47.411334, 48.589636, 48.922452, 48.92929 ] }, { "date": "2024-08-16", "close": 47.200001, "volume": 7556, "typical_volume": 31720.75, "trend": 48.528, "fair_value": 43.917308, "relative_strength": -5.886662, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.924062, "energy": 44.549682, "activity_lines": [ 47.127667, 48.269, 48.708333, 48.85057 ] }, { "date": "2024-08-23", "close": 45.794998, "volume": 29388, "typical_volume": 31947.25, "trend": 48.532667, "fair_value": 44.045865, "relative_strength": -10.061525, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.276643, "energy": 59.68088, "activity_lines": [ 46.583, 47.687, 48.372071, 48.674247 ] }, { "date": "2024-08-30", "close": 45.814999, "volume": 31255, "typical_volume": 32179.5, "trend": 48.599167, "fair_value": 44.172244, "relative_strength": -11.546272, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.727607, "energy": 62.857148, "activity_lines": [ 46.279666, 47.167182, 48.068309, 48.498914 ] }, { "date": "2024-09-06", "close": 42.355, "volume": 86909, "typical_volume": 34316.85, "trend": 48.475833, "fair_value": 44.276314, "relative_strength": -15.042713, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.263733, "energy": 80.075621, "activity_lines": [ 44.938333, 46.109636, 47.470952, 48.096064 ] }, { "date": "2024-09-13", "close": 42.959999, "volume": 75611, "typical_volume": 35561.95, "trend": 48.343833, "fair_value": 44.378141, "relative_strength": -13.994801, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.367123, "energy": 82.868866, "activity_lines": [ 44.030333, 45.313636, 46.971762, 47.740204 ] }, { "date": "2024-09-20", "close": 43.919998, "volume": 46372, "typical_volume": 36874.4, "trend": 48.266167, "fair_value": 44.479583, "relative_strength": -12.02805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.589593, "energy": 78.173791, "activity_lines": [ 43.728665, 44.855817, 46.606428, 47.454795 ] }, { "date": "2024-09-27", "close": 42.345001, "volume": 62920, "typical_volume": 38738.5, "trend": 48.083833, "fair_value": 44.565192, "relative_strength": -16.900239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.359711, "energy": 81.631951, "activity_lines": [ 43.120666, 44.227818, 46.113619, 47.072785 ] }, { "date": "2024-10-04", "close": 47.25, "volume": 136051, "typical_volume": 44950.95, "trend": 48.1195, "fair_value": 44.670801, "relative_strength": -3.800186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.706992, "energy": 40.707177, "activity_lines": [ 44.377666, 44.618363, 46.118714, 47.018989 ] }, { "date": "2024-10-11", "close": 47.849998, "volume": 120904, "typical_volume": 48241.2, "trend": 48.106333, "fair_value": 44.776635, "relative_strength": -4.127465, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.887962, "energy": 16.233832, "activity_lines": [ 45.738999, 45.123363, 46.187, 47.001602 ] }, { "date": "2024-10-18", "close": 44.505001, "volume": 87519, "typical_volume": 51782.7, "trend": 47.965333, "fair_value": 44.861538, "relative_strength": -12.366687, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.15352, "energy": 20.981803, "activity_lines": [ 45.619, 44.983454, 45.935571, 46.769258 ] }, { "date": "2024-10-25", "close": 46.674999, "volume": 55001, "typical_volume": 52271.9, "trend": 47.866167, "fair_value": 44.960865, "relative_strength": -6.382018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.434408, "energy": 22.708939, "activity_lines": [ 46.119333, 45.28809, 45.906381, 46.68601 ] }, { "date": "2024-11-01", "close": 45.369999, "volume": 56791, "typical_volume": 53194.2, "trend": 47.637833, "fair_value": 45.05359, "relative_strength": -8.295801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.978973, "energy": 17.635185, "activity_lines": [ 46.000999, 45.364999, 45.753857, 46.524967 ] }, { "date": "2024-11-08", "close": 45.970001, "volume": 135122, "typical_volume": 56939.8, "trend": 47.3915, "fair_value": 45.149263, "relative_strength": -4.411056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.532575, "energy": 14.236082, "activity_lines": [ 45.881, 45.558727, 45.675833, 46.417365 ] }, { "date": "2024-11-15", "close": 45.845001, "volume": 51229, "typical_volume": 58659.75, "trend": 47.224, "fair_value": 45.250417, "relative_strength": -5.514703, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.125563, "energy": 9.451462, "activity_lines": [ 45.804667, 45.726909, 45.609095, 46.317591 ] }, { "date": "2024-11-22", "close": 48.064999, "volume": 60497, "typical_volume": 58410.35, "trend": 47.097167, "fair_value": 45.378269, "relative_strength": 1.257003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.978868, "energy": 6.163046, "activity_lines": [ 46.602, 46.235273, 45.776857, 46.371849 ] }, { "date": "2024-11-29", "close": 46.450001, "volume": 57595, "typical_volume": 60610.9, "trend": 47.023833, "fair_value": 45.498141, "relative_strength": -1.756982, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.94306, "energy": 10.900321, "activity_lines": [ 46.623667, 46.357182, 45.809357, 46.330097 ] }, { "date": "2024-12-06", "close": 45.41, "volume": 42567, "typical_volume": 62229.0, "trend": 46.910667, "fair_value": 45.602788, "relative_strength": -7.524423, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.88094, "energy": 11.031159, "activity_lines": [ 46.313667, 46.244, 45.76119, 46.225978 ] }, { "date": "2024-12-13", "close": 47.564999, "volume": 37443, "typical_volume": 63418.4, "trend": 46.878833, "fair_value": 45.722404, "relative_strength": -3.470501, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.134248, "energy": 10.569323, "activity_lines": [ 46.719333, 46.466909, 45.936857, 46.268193 ] }, { "date": "2024-12-20", "close": 47.084999, "volume": 46691, "typical_volume": 64123.45, "trend": 46.861333, "fair_value": 45.833429, "relative_strength": -1.212803, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.299686, "energy": 7.985274, "activity_lines": [ 46.858666, 46.596818, 46.066714, 46.281494 ] }, { "date": "2024-12-27", "close": 47.830002, "volume": 15238, "typical_volume": 62132.95, "trend": 46.863166, "fair_value": 45.941827, "relative_strength": -0.805935, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.68436, "energy": 16.845625, "activity_lines": [ 47.163667, 46.876091, 46.261548, 46.343989 ] }, { "date": "2025-01-03", "close": 50.27, "volume": 62536, "typical_volume": 64881.95, "trend": 46.976333, "fair_value": 46.059135, "relative_strength": 4.302447, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.486173, "energy": 53.203431, "activity_lines": [ 48.297667, 47.538546, 46.686024, 46.563785 ] }, { "date": "2025-01-10", "close": 52.119999, "volume": 117467, "typical_volume": 69285.9, "trend": 47.079833, "fair_value": 46.181314, "relative_strength": 5.094044, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.409522, "energy": 67.406954, "activity_lines": [ 49.793667, 48.472, 47.272071, 46.895634 ] }, { "date": "2025-01-17", "close": 52.91, "volume": 89700, "typical_volume": 72208.15, "trend": 47.148833, "fair_value": 46.300929, "relative_strength": 3.211774, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.714702, "energy": 86.786867, "activity_lines": [ 51.105667, 49.426364, 47.903238, 47.271774 ] }, { "date": "2025-01-24", "close": 50.630001, "volume": 24344, "typical_volume": 69079.9, "trend": 47.146833, "fair_value": 46.398301, "relative_strength": -0.912474, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.194805, "energy": 80.565997, "activity_lines": [ 51.301334, 49.84, 48.283476, 47.496366 ] }, { "date": "2025-01-31", "close": 50.23, "volume": 24995, "typical_volume": 66549.1, "trend": 47.089167, "fair_value": 46.489359, "relative_strength": -2.360161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.259202, "energy": 77.469353, "activity_lines": [ 51.127333, 50.093909, 48.586214, 47.695279 ] }, { "date": "2025-02-07", "close": 49.805, "volume": 27105, "typical_volume": 65585.75, "trend": 47.072333, "fair_value": 46.57766, "relative_strength": -4.537465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.683283, "energy": 52.521711, "activity_lines": [ 50.651667, 50.231182, 48.813857, 47.870495 ] }, { "date": "2025-02-14", "close": 49.275002, "volume": 36188, "typical_volume": 64249.15, "trend": 47.071, "fair_value": 46.6625, "relative_strength": -7.617618, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.782232, "energy": 29.305184, "activity_lines": [ 50.030334, 50.211091, 48.963, 48.012602 ] }, { "date": "2025-02-21", "close": 49.669998, "volume": 14608, "typical_volume": 58177.0, "trend": 47.141833, "fair_value": 46.740865, "relative_strength": -7.797334, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.408964, "energy": 23.248758, "activity_lines": [ 49.730333, 50.192546, 49.116762, 48.18028 ] }, { "date": "2025-02-28", "close": 48.66, "volume": 25035, "typical_volume": 53383.55, "trend": 47.236167, "fair_value": 46.751667, "relative_strength": -9.980692, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.905776, "energy": 21.794655, "activity_lines": [ 49.309667, 49.952091, 49.16281, 48.278226 ] }, { "date": "2025-03-07", "close": 45.330002, "volume": 32956, "typical_volume": 50655.4, "trend": 47.172, "fair_value": 46.746378, "relative_strength": -15.765518, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.263794, "energy": 16.861716, "activity_lines": [ 47.910334, 49.077546, 48.887857, 48.155247 ] }, { "date": "2025-03-14", "close": 45.029999, "volume": 19491, "typical_volume": 48879.9, "trend": 47.099666, "fair_value": 46.751506, "relative_strength": -16.160561, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.691265, "energy": 36.776938, "activity_lines": [ 46.737667, 48.193909, 48.580405, 48.017054 ] }, { "date": "2025-03-21", "close": 46.41, "volume": 33033, "typical_volume": 47692.0, "trend": 47.120167, "fair_value": 46.732404, "relative_strength": -14.161169, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.286579, "energy": 34.326965, "activity_lines": [ 46.343333, 47.656455, 48.412214, 47.972559 ] }, { "date": "2025-03-28", "close": 46.884998, "volume": 17642, "typical_volume": 41818.0, "trend": 47.155833, "fair_value": 46.744968, "relative_strength": -12.351885, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.774527, "energy": 37.725597, "activity_lines": [ 46.298333, 47.309182, 48.284309, 47.957387 ] }, { "date": "2025-04-04", "close": 41.924999, "volume": 30813, "typical_volume": 40797.2, "trend": 47.1415, "fair_value": 46.729968, "relative_strength": -11.973788, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.556532, "energy": 61.387522, "activity_lines": [ 44.785666, 46.169636, 47.679666, 47.619914 ] }, { "date": "2025-04-11", "close": 39.279999, "volume": 70750, "typical_volume": 41309.85, "trend": 47.018833, "fair_value": 46.676795, "relative_strength": -15.518618, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.840312, "energy": 74.345558, "activity_lines": [ 42.840332, 44.707454, 46.841785, 47.11272 ] }, { "date": "2025-04-18", "close": 41.52, "volume": 25974, "typical_volume": 39728.8, "trend": 46.938833, "fair_value": 46.640224, "relative_strength": -15.132777, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.469503, "energy": 79.972614, "activity_lines": [ 42.044999, 43.851636, 46.259071, 46.757957 ] }, { "date": "2025-04-25", "close": 40.935001, "volume": 23901, "typical_volume": 38795.5, "trend": 46.891833, "fair_value": 46.585513, "relative_strength": -18.913444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.946559, "energy": 83.584792, "activity_lines": [ 41.288667, 43.040091, 45.644119, 46.370613 ] }, { "date": "2025-05-02", "close": 38.32, "volume": 35585, "typical_volume": 38702.6, "trend": 46.594167, "fair_value": 46.503077, "relative_strength": -25.560969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.829478, "energy": 88.656517, "activity_lines": [ 40.025667, 41.904727, 44.801428, 45.817591 ] }, { "date": "2025-05-09", "close": 40.035, "volume": 64641, "typical_volume": 39600.1, "trend": 46.333667, "fair_value": 46.435224, "relative_strength": -23.861189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.860148, "energy": 72.415613, "activity_lines": [ 39.905333, 41.287545, 44.166095, 45.394419 ] }, { "date": "2025-05-16", "close": 41.325001, "volume": 40717, "typical_volume": 40874.05, "trend": 46.227667, "fair_value": 46.378782, "relative_strength": -23.503682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.203202, "energy": 55.210702, "activity_lines": [ 40.341, 41.061727, 43.68719, 45.07128 ] }, { "date": "2025-05-23", "close": 40.544998, "volume": 23854, "typical_volume": 38939.95, "trend": 46.023333, "fair_value": 46.309583, "relative_strength": -22.304924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.581212, "energy": 50.942414, "activity_lines": [ 40.380333, 40.766909, 43.164976, 44.704656 ] }, { "date": "2025-05-30", "close": 39.205002, "volume": 20112, "typical_volume": 34072.2, "trend": 45.817833, "fair_value": 46.216282, "relative_strength": -25.578933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.69911, "energy": 48.908554, "activity_lines": [ 40.038, 40.31, 42.561452, 44.264763 ] }, { "date": "2025-06-06", "close": 41.535, "volume": 26436, "typical_volume": 30909.0, "trend": 45.67, "fair_value": 46.127596, "relative_strength": -21.778966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.066586, "energy": 37.21128, "activity_lines": [ 40.587667, 40.407727, 42.241333, 43.988452 ] }, { "date": "2025-06-13", "close": 44.915001, "volume": 102219, "typical_volume": 34802.75, "trend": 45.639, "fair_value": 46.079039, "relative_strength": -12.453611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.999506, "energy": 19.462677, "activity_lines": [ 42.049667, 41.217273, 42.297286, 43.939742 ] }, { "date": "2025-06-20", "close": 47.005001, "volume": 180515, "typical_volume": 42578.75, "trend": 45.603667, "fair_value": 46.051378, "relative_strength": -7.445109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.739714, "energy": 14.391845, "activity_lines": [ 43.883001, 42.352455, 42.5795, 44.027871 ] }, { "date": "2025-06-27", "close": 41.415001, "volume": 185461, "typical_volume": 50496.55, "trend": 45.435833, "fair_value": 45.980577, "relative_strength": -18.914188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.221311, "energy": 22.886034, "activity_lines": [ 43.474334, 42.330819, 42.344691, 43.757635 ] }, { "date": "2025-07-04", "close": 41.884998, "volume": 62689, "typical_volume": 51821.6, "trend": 45.318333, "fair_value": 45.917917, "relative_strength": -17.16097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.748152, "energy": 18.917381, "activity_lines": [ 43.164333, 42.396546, 42.194595, 43.528548 ] }, { "date": "2025-07-11", "close": 43.465, "volume": 149105, "typical_volume": 58546.45, "trend": 45.181667, "fair_value": 45.880096, "relative_strength": -14.537207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.838458, "energy": 13.137508, "activity_lines": [ 43.202333, 42.732273, 42.230167, 43.408979 ] }, { "date": "2025-07-18", "close": 43.389999, "volume": 136609, "typical_volume": 64125.15, "trend": 45.0585, "fair_value": 45.83625, "relative_strength": -14.708218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.601964, "energy": 11.228564, "activity_lines": [ 43.086666, 42.960818, 42.288143, 43.293387 ] }, { "date": "2025-07-25", "close": 42.705002, "volume": 113031, "typical_volume": 68128.9, "trend": 44.887667, "fair_value": 45.770577, "relative_strength": -16.452829, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.18507, "energy": 12.956991, "activity_lines": [ 42.844334, 43.003818, 42.305976, 43.141548 ] }, { "date": "2025-08-01", "close": 44.375, "volume": 168818, "typical_volume": 75595.25, "trend": 44.691167, "fair_value": 45.744455, "relative_strength": -11.047202, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.33532, "energy": 7.149723, "activity_lines": [ 43.445334, 43.325364, 42.495357, 43.108473 ] }, { "date": "2025-08-08", "close": 42.16, "volume": 259235, "typical_volume": 86905.35, "trend": 44.359167, "fair_value": 45.697628, "relative_strength": -18.304175, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.481716, "energy": 11.366901, "activity_lines": [ 43.110667, 43.174546, 42.476905, 42.945172 ] }, { "date": "2025-08-15", "close": 42.27, "volume": 116474, "typical_volume": 91846.95, "trend": 44.0045, "fair_value": 45.647244, "relative_strength": -19.522781, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.686842, "energy": 12.3278, "activity_lines": [ 42.794334, 42.99, 42.489167, 42.810387 ] }, { "date": "2025-08-22", "close": 42.790001, "volume": 101422, "typical_volume": 95377.4, "trend": 43.743167, "fair_value": 45.593462, "relative_strength": -19.296695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.48699, "energy": 11.222412, "activity_lines": [ 42.731, 42.886637, 42.572929, 42.732032 ] }, { "date": "2025-08-29", "close": 43.055, "volume": 11166, "typical_volume": 92398.2, "trend": 43.504, "fair_value": 45.553109, "relative_strength": -16.241901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.149757, "energy": 13.427088, "activity_lines": [ 42.796, 42.870091, 42.67781, 42.687635 ] }, { "date": "2025-09-05", "close": 41.435001, "volume": 31846, "typical_volume": 92691.8, "trend": 43.225, "fair_value": 45.511859, "relative_strength": -17.896012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.445794, "energy": 15.655022, "activity_lines": [ 42.297667, 42.630819, 42.610429, 42.554151 ] }, { "date": "2025-09-12", "close": 42.955002, "volume": 18124, "typical_volume": 92402.95, "trend": 43.014333, "fair_value": 45.473942, "relative_strength": -16.441178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.993006, "energy": 12.110075, "activity_lines": [ 42.502001, 42.667546, 42.688215, 42.536732 ] }, { "date": "2025-09-19", "close": 42.259998, "volume": 14456, "typical_volume": 91346.5, "trend": 42.767333, "fair_value": 45.446795, "relative_strength": -16.899903, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.07839, "energy": 15.21554, "activity_lines": [ 42.421667, 42.558455, 42.690191, 42.488065 ] }, { "date": "2025-09-26", "close": 44.75, "volume": 35939, "typical_volume": 89911.4, "trend": 42.637, "fair_value": 45.434647, "relative_strength": -12.454567, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.332988, "energy": 24.493482, "activity_lines": [ 43.172, 42.924, 42.910548, 42.615979 ] }, { "date": "2025-10-03", "close": 41.314999, "volume": 38097, "typical_volume": 89780.4, "trend": 42.503167, "fair_value": 45.362436, "relative_strength": -19.736715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 14.53771, "energy": 8.103506, "activity_lines": [ 42.646666, 42.640273, 42.78131, 42.530688 ] }, { "date": "2025-10-10", "close": 40.735001, "volume": 25535, "typical_volume": 89864.45, "trend": 42.36, "fair_value": 45.301058, "relative_strength": -18.021886, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.337574, "energy": 21.336623, "activity_lines": [ 42.044, 42.276364, 42.596881, 42.416613 ] }, { "date": "2025-10-17", "close": 39.490002, "volume": 48718, "typical_volume": 91294.75, "trend": 42.129333, "fair_value": 45.235, "relative_strength": -19.558545, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.555279, "energy": 39.464707, "activity_lines": [ 41.073001, 41.752273, 42.292977, 42.231452 ] }, { "date": "2025-10-24", "close": 42.465, "volume": 73322, "typical_volume": 93639.05, "trend": 41.982, "fair_value": 45.182212, "relative_strength": -14.503407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.306225, "energy": 23.846212, "activity_lines": [ 41.324667, 41.817637, 42.271048, 42.253108 ] }, { "date": "2025-10-31", "close": 42.305, "volume": 57366, "typical_volume": 91396.4, "trend": 41.994667, "fair_value": 45.112692, "relative_strength": -15.727343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.553747, "energy": 27.387508, "activity_lines": [ 41.509334, 41.850364, 42.229453, 42.273947 ] }, { "date": "2025-11-07", "close": 41.615002, "volume": 201620, "typical_volume": 92451.65, "trend": 42.0725, "fair_value": 45.058109, "relative_strength": -16.064375, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.629845, "energy": 16.21341, "activity_lines": [ 41.627001, 41.766455, 42.134572, 42.249452 ] }, { "date": "2025-11-14", "close": 41.869999, "volume": 139265, "typical_volume": 90141.85, "trend": 42.084167, "fair_value": 45.029359, "relative_strength": -17.080285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.596181, "energy": 5.182992, "activity_lines": [ 41.809667, 41.755091, 42.089643, 42.236387 ] }, { "date": "2025-11-21", "close": 40.73, "volume": 86828, "typical_volume": 91348.8, "trend": 42.077334, "fair_value": 44.998141, "relative_strength": -16.142796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.354289, "energy": 9.823945, "activity_lines": [ 41.536667, 41.528546, 41.933977, 42.149022 ] }, { "date": "2025-11-28", "close": 41.369999, "volume": 84069, "typical_volume": 88097.0, "trend": 42.179, "fair_value": 44.969039, "relative_strength": -15.568764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.826902, "energy": 21.946355, "activity_lines": [ 41.394333, 41.458818, 41.844762, 42.103387 ] }, { "date": "2025-12-05", "close": 41.665001, "volume": 83822, "typical_volume": 85457.65, "trend": 42.233334, "fair_value": 44.973942, "relative_strength": -14.610608, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.852372, "energy": 23.620608, "activity_lines": [ 41.423333, 41.458909, 41.793619, 42.070226 ] }, { "date": "2025-12-12", "close": 39.625, "volume": 73329, "typical_volume": 83472.55, "trend": 42.176667, "fair_value": 44.96141, "relative_strength": -18.309573, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.125791, "energy": 48.119901, "activity_lines": [ 40.815, 41.144182, 41.556405, 41.901946 ] }, { "date": "2025-12-19", "close": 39.145, "volume": 75253, "typical_volume": 78794.3, "trend": 42.13, "fair_value": 44.929359, "relative_strength": -20.832124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.838302, "energy": 55.145093, "activity_lines": [ 40.179333, 40.772909, 41.288143, 41.706355 ] }, { "date": "2025-12-26", "close": 40.095001, "volume": 22674, "typical_volume": 66966.25, "trend": 42.159667, "fair_value": 44.904263, "relative_strength": -17.920076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.636416, "energy": 54.046672, "activity_lines": [ 40.042, 40.603273, 41.135262, 41.575065 ] }, { "date": "2026-01-02", "close": 39.215, "volume": 36018, "typical_volume": 62943.45, "trend": 42.082334, "fair_value": 44.886795, "relative_strength": -20.225818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.065087, "energy": 65.714598, "activity_lines": [ 39.653667, 40.262637, 40.908405, 41.385086 ] }, { "date": "2026-01-09", "close": 41.955002, "volume": 272790, "typical_volume": 71511.85, "trend": 41.983667, "fair_value": 44.875353, "relative_strength": -14.433758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.467701, "energy": 31.403335, "activity_lines": [ 40.322334, 40.479273, 40.957048, 41.376871 ] }, { "date": "2026-01-16", "close": 42.584999, "volume": 229164, "typical_volume": 82411.75, "trend": 41.836334, "fair_value": 44.862532, "relative_strength": -12.472143, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.143049, "energy": 10.528536, "activity_lines": [ 41.181667, 40.816818, 41.069667, 41.415667 ] }, { "date": "2026-01-23", "close": 42.740002, "volume": 48824, "typical_volume": 83260.65, "trend": 41.8805, "fair_value": 44.850898, "relative_strength": -9.527568, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 11.437705, "energy": 18.423185, "activity_lines": [ 41.895334, 41.16491, 41.199286, 41.473968 ] }, { "date": "2026-01-30", "close": 45.540001, "volume": 107425, "typical_volume": 87725.7, "trend": 42.002334, "fair_value": 44.873109, "relative_strength": -4.414562, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.420992, "energy": 44.374063, "activity_lines": [ 43.302668, 42.006273, 41.589358, 41.710065 ] }, { "date": "2026-02-06", "close": 44.84, "volume": 105228, "typical_volume": 92264.3, "trend": 42.048167, "fair_value": 44.871571, "relative_strength": -5.968274, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.27191, "energy": 64.050501, "activity_lines": [ 44.113667, 42.63291, 41.900453, 41.89314 ] }, { "date": "2026-02-13", "close": 44.09, "volume": 81081, "typical_volume": 94521.4, "trend": 42.0715, "fair_value": 44.876571, "relative_strength": -6.065124, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.522721, "energy": 62.580716, "activity_lines": [ 44.299667, 43.060091, 42.127834, 42.024871 ] }, { "date": "2026-02-20", "close": 46.994999, "volume": 109054, "typical_volume": 98069.25, "trend": 42.2145, "fair_value": 44.897308, "relative_strength": -1.605232, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.590672, "energy": 82.447667, "activity_lines": [ 45.311667, 43.971364, 42.635024, 42.342516 ] }, { "date": "2026-02-27", "close": 47.845001, "volume": 151220, "typical_volume": 104353.5, "trend": 42.330167, "fair_value": 44.915064, "relative_strength": -0.934535, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.914987, "energy": 81.733477, "activity_lines": [ 46.313, 44.903182, 43.196119, 42.705775 ] }, { "date": "2026-03-06", "close": 57.130001, "volume": 1456995, "typical_volume": 174767.35, "trend": 42.829167, "fair_value": 45.002917, "relative_strength": 26.200215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.351861, "energy": 96.518428, "activity_lines": [ 50.069, 47.365, 44.607643, 43.660603 ] }, { "date": "2026-03-13", "close": 69.25, "volume": 2341555, "typical_volume": 288179.0, "trend": 43.7285, "fair_value": 45.197468, "relative_strength": 51.275387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.941476, "energy": 98.788977, "activity_lines": [ 57.092334, 51.720728, 47.089453, 45.365172 ] }, { "date": "2026-03-20", "close": 73.419998, "volume": 1642905, "typical_volume": 367455.95, "trend": 44.7495, "fair_value": 45.418013, "relative_strength": 64.304856, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.656914, "energy": 98.674105, "activity_lines": [ 63.878333, 56.288545, 49.840857, 47.280753 ] }, { "date": "2026-03-27", "close": 72.559998, "volume": 1459872, "typical_volume": 430368.55, "trend": 45.733, "fair_value": 45.618814, "relative_strength": 59.010718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.683008, "energy": 95.214547, "activity_lines": [ 68.422332, 60.127909, 52.36219, 49.074979 ] }, { "date": "2026-04-03", "close": 71.940002, "volume": 738495, "typical_volume": 460330.05, "trend": 46.749834, "fair_value": 45.798494, "relative_strength": 48.892893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.546768, "energy": 90.356728, "activity_lines": [ 71.055333, 63.309545, 54.677119, 50.765753 ] }, { "date": "2026-04-10", "close": 66.599998, "volume": 468986, "typical_volume": 479437.95, "trend": 47.538, "fair_value": 45.940609, "relative_strength": 31.512538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.073224, "energy": 67.870416, "activity_lines": [ 70.301999, 64.989363, 56.340286, 52.046409 ] }, { "date": "2026-04-17", "close": 61.970001, "volume": 771087, "typical_volume": 513788.85, "trend": 48.195, "fair_value": 46.067724, "relative_strength": 18.969332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.507321, "energy": 60.539621, "activity_lines": [ 67.374, 65.444454, 57.43931, 52.977505 ] }, { "date": "2026-04-24", "close": 72.699997, "volume": 739109, "typical_volume": 546553.2, "trend": 49.126667, "fair_value": 46.269936, "relative_strength": 42.020683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.558052, "energy": 57.940501, "activity_lines": [ 68.507999, 67.538999, 59.462143, 54.558473 ] }, { "date": "2026-05-01", "close": 79.699997, "volume": 920415, "typical_volume": 588907.5, "trend": 50.406167, "fair_value": 46.532115, "relative_strength": 52.0164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.34483, "energy": 60.982272, "activity_lines": [ 72.023332, 70.38609, 62.003857, 56.530946 ] }, { "date": "2026-05-08", "close": 73.610001, "volume": 739237, "typical_volume": 622106.7, "trend": 51.502, "fair_value": 46.753846, "relative_strength": 36.277618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.417316, "energy": 52.560545, "activity_lines": [ 73.032666, 71.531272, 63.774738, 58.027967 ] }, { "date": "2026-05-15", "close": 78.870003, "volume": 336184, "typical_volume": 637782.2, "trend": 52.814667, "fair_value": 47.003558, "relative_strength": 45.033048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.427217, "energy": 59.038841, "activity_lines": [ 75.684, 73.164363, 65.882452, 59.793645 ] }, { "date": "2026-05-22", "close": 76.910004, "volume": 322862, "typical_volume": 652124.4, "trend": 53.962834, "fair_value": 47.233205, "relative_strength": 39.029629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.296468, "energy": 55.338608, "activity_lines": [ 76.864002, 74.045819, 67.618857, 61.348183 ] }, { "date": "2026-05-29", "close": 69.919998, "volume": 189393, "typical_volume": 647954.55, "trend": 54.883333, "fair_value": 47.422051, "relative_strength": 24.168914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.151108, "energy": 44.783756, "activity_lines": [ 74.718001, 73.517091, 68.510048, 62.377677 ] }, { "date": "2026-06-05", "close": 72.620003, "volume": 15530, "typical_volume": 637272.85, "trend": 55.916834, "fair_value": 47.627308, "relative_strength": 28.387039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.881756, "energy": 39.92396, "activity_lines": [ 73.657335, 73.54291, 69.525215, 63.521979 ] }, { "date": "2026-06-12", "close": 68.459999, "volume": 45711, "typical_volume": 637117.2, "trend": 56.803167, "fair_value": 47.81093, "relative_strength": 16.884788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.870348, "energy": 27.198667, "activity_lines": [ 71.682001, 72.811273, 70.001167, 64.331215 ] }, { "date": "2026-06-19", "close": 64.370003, "volume": 30830, "typical_volume": 633287.45, "trend": 57.591167, "fair_value": 47.973558, "relative_strength": 7.054305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.346372, "energy": 22.292493, "activity_lines": [ 68.686668, 71.399274, 69.965119, 64.819398 ] }, { "date": "2026-06-26", "close": 58.290001, "volume": 40147, "typical_volume": 630033.4, "trend": 58.155167, "fair_value": 48.092148, "relative_strength": -0.222151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.336898, "energy": 17.918995, "activity_lines": [ 64.631335, 68.922365, 69.260358, 64.864484 ] }, { "date": "2026-07-03", "close": 57.880001, "volume": 16639, "typical_volume": 626811.3, "trend": 58.695667, "fair_value": 48.202148, "relative_strength": -3.901672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.922392, "energy": 28.82401, "activity_lines": [ 61.680668, 66.437819, 68.452501, 64.846732 ] }, { "date": "2026-07-10", "close": 61.07, "volume": 479352, "typical_volume": 645326.2, "trend": 59.4105, "fair_value": 48.329808, "relative_strength": 1.659104, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.121703, "energy": 31.258736, "activity_lines": [ 60.596001, 64.802728, 67.882786, 64.999914 ] }, { "date": "2026-07-17", "close": 68.510002, "volume": 373446, "typical_volume": 656437.5, "trend": 60.389334, "fair_value": 48.500866, "relative_strength": 15.179388, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.490422, "energy": 21.847134, "activity_lines": [ 62.761335, 64.859092, 67.95462, 65.586979 ] }, { "date": "2026-07-24", "close": 71.889999, "volume": 803482, "typical_volume": 623761.85, "trend": 61.449167, "fair_value": 48.67984, "relative_strength": 20.363693, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.868227, "energy": 17.250231, "activity_lines": [ 66.05, 65.622728, 68.249953, 66.328957 ] }, { "date": "2026-07-31", "close": 68.959999, "volume": 779617, "typical_volume": 545664.95, "trend": 62.440667, "fair_value": 48.832468, "relative_strength": 14.235406, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.948525, "energy": 24.077349, "activity_lines": [ 67.860667, 65.980546, 68.195953, 66.813527 ] }, { "date": "2026-08-07", "close": 66.089996, "volume": 658039, "typical_volume": 496421.65, "trend": 63.245167, "fair_value": 48.961667, "relative_strength": 5.951333, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.423535, "energy": 28.514721, "activity_lines": [ 68.003332, 65.96109, 67.87, 67.048968 ] } ], "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." } } }