{ "ticker": { "uuid": "31f31298-a544-49e1-8ab7-d3caae9549ed", "symbol": "TAK", "name": "Takeda Pharmaceutical Co Ltd ADR", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 68.297, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 26.39, "architecture_energy": 31.306, "architecture_maturity": 14.089, "architecture_confidence": 73.615, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 46.67, "rotation_up": 65.04, "upward_expansion": 43.27, "deceleration": 36.87, "rotation_down": 14.37, "downward_expansion": 15.94 }, "activity_lines": [ 17.212667, 16.862545, 16.658429, 16.883742 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 17.45, "trend_reference": 17.110333, "distance_from_trend": 0.019852, "trend_direction": "Improving", "fair_value": 14.266163, "distance_from_fair_value": 0.223174, "fair_value_direction": "Improving", "relative_strength": -3.073479, "relative_strength_direction": "Improving", "price_momentum": -0.024595, "excess_performance": -0.15022, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.019852, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035609, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.223174, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.053418, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030735, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02643, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.024595, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.502887, "read": "Demand-led" } ], "volume": { "latest": 22455989, "relative_activity": 1.411608, "balance": 1.502887, "dry_up": 1.40131, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.044007, "annualized_volatility": 0.194746, "from_high_reference": -0.076475, "from_low_reference": 0.343341 }, "levels": { "trend_reference": 17.110333, "fair_value_reference": 14.266163, "structural_low": 14.84, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.013469, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.037818, "regime_survival": 0.428571, "best_return": 0.138172, "worst_return": -0.177843, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.029962, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.110995, "regime_survival": 0.285714, "best_return": 0.281994, "worst_return": -0.198834, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.046796, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.052631, "regime_survival": 0.2, "best_return": 0.243583, "worst_return": -0.119533, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.040761, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.084541, "regime_survival": 0.333333, "best_return": 0.233478, "worst_return": -0.197805, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.00791, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": -0.01019, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": 0.011311, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-07-25", "tenure": "Developing", "return": -0.019634, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": 0.087571, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": -0.023841, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.079452, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 0.038067, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": 0.090021, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-04-10", "tenure": "Established", "return": 0.108522, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-05-29", "tenure": "Developing", "return": -0.104377, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-05", "end": "2026-07-10", "tenure": "Developing", "return": 0.061538, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": 0.005248, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.021065, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.514383, "volume": 8850571, "typical_volume": 10900285.9, "trend": 14.289416, "fair_value": 13.464237, "relative_strength": -7.487905, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.844895, "energy": 76.540995, "activity_lines": [ 13.674221, 13.790304, 14.087884, 14.227275 ] }, { "date": "2023-08-25", "close": 13.676017, "volume": 6905235, "typical_volume": 10244967.35, "trend": 14.274398, "fair_value": 13.452949, "relative_strength": -7.201613, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.569698, "energy": 67.491444, "activity_lines": [ 13.655064, 13.745405, 14.02105, 14.187701 ] }, { "date": "2023-09-01", "close": 13.819692, "volume": 6557467, "typical_volume": 9921959.3, "trend": 14.265931, "fair_value": 13.446428, "relative_strength": -8.578803, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.426025, "energy": 51.302421, "activity_lines": [ 13.703555, 13.740671, 13.975767, 14.158365 ] }, { "date": "2023-09-08", "close": 13.658058, "volume": 7010482, "typical_volume": 9950258.15, "trend": 14.249726, "fair_value": 13.437344, "relative_strength": -8.560049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.617328, "energy": 47.724641, "activity_lines": [ 13.693378, 13.715201, 13.921162, 14.119147 ] }, { "date": "2023-09-15", "close": 14.6548, "volume": 10292586, "typical_volume": 9942961.45, "trend": 14.279083, "fair_value": 13.432699, "relative_strength": -1.907481, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.110265, "energy": 13.416658, "activity_lines": [ 14.015448, 13.879121, 13.968497, 14.145281 ] }, { "date": "2023-09-22", "close": 14.223776, "volume": 6889646, "typical_volume": 9891928.75, "trend": 14.301417, "fair_value": 13.426239, "relative_strength": -2.051002, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.538958, "energy": 21.178361, "activity_lines": [ 14.135177, 13.950958, 13.975938, 14.141713 ] }, { "date": "2023-09-29", "close": 14.175836, "volume": 7447478, "typical_volume": 9506992.15, "trend": 14.315396, "fair_value": 13.426691, "relative_strength": -1.746273, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.496419, "energy": 20.806445, "activity_lines": [ 14.191633, 14.006569, 13.983217, 14.133611 ] }, { "date": "2023-10-06", "close": 13.891769, "volume": 15182859, "typical_volume": 9807417.8, "trend": 14.310507, "fair_value": 13.42195, "relative_strength": -4.172278, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.170443, "energy": 20.760696, "activity_lines": [ 14.120078, 14.006831, 13.965979, 14.10628 ] }, { "date": "2023-10-13", "close": 13.873442, "volume": 7889291, "typical_volume": 9751807.3, "trend": 14.291494, "fair_value": 13.423045, "relative_strength": -4.729797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.961418, "energy": 11.752816, "activity_lines": [ 14.03761, 14.001144, 13.95003, 14.078082 ] }, { "date": "2023-10-20", "close": 13.314473, "volume": 8544398, "typical_volume": 9800433.1, "trend": 14.25473, "fair_value": 13.42061, "relative_strength": -6.398576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.216357, "energy": 40.222864, "activity_lines": [ 13.754459, 13.889911, 13.883627, 14.015049 ] }, { "date": "2023-10-27", "close": 12.343149, "volume": 16212641, "typical_volume": 10204036.85, "trend": 14.172885, "fair_value": 13.418641, "relative_strength": -10.99002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.944186, "energy": 80.369636, "activity_lines": [ 13.236889, 13.610442, 13.730244, 13.891721 ] }, { "date": "2023-11-03", "close": 12.837974, "volume": 10090357, "typical_volume": 10221479.45, "trend": 14.089875, "fair_value": 13.412941, "relative_strength": -12.443326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.491965, "energy": 80.060134, "activity_lines": [ 13.009636, 13.442238, 13.634524, 13.805598 ] }, { "date": "2023-11-10", "close": 12.544744, "volume": 7922575, "typical_volume": 10337935.05, "trend": 14.004873, "fair_value": 13.402252, "relative_strength": -15.465326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.475015, "energy": 85.225044, "activity_lines": [ 12.77383, 13.235955, 13.518546, 13.705912 ] }, { "date": "2023-11-17", "close": 12.782993, "volume": 7391300, "typical_volume": 10369036.65, "trend": 13.926616, "fair_value": 13.39172, "relative_strength": -15.635658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.130923, "energy": 80.180067, "activity_lines": [ 12.707242, 13.096172, 13.433596, 13.627081 ] }, { "date": "2023-11-24", "close": 12.865464, "volume": 5765140, "typical_volume": 10404186.9, "trend": 13.85889, "fair_value": 13.379504, "relative_strength": -15.730588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.025256, "energy": 63.288005, "activity_lines": [ 12.740841, 12.987293, 13.362805, 13.558619 ] }, { "date": "2023-12-01", "close": 12.984589, "volume": 7287741, "typical_volume": 10138182.4, "trend": 13.786753, "fair_value": 13.363942, "relative_strength": -15.444596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.531759, "energy": 47.6449, "activity_lines": [ 12.844083, 12.932607, 13.308288, 13.502213 ] }, { "date": "2023-12-08", "close": 12.883791, "volume": 7474659, "typical_volume": 9724005.25, "trend": 13.725924, "fair_value": 13.347523, "relative_strength": -16.006727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.249187, "energy": 39.596203, "activity_lines": [ 12.870962, 12.882125, 13.248105, 13.443957 ] }, { "date": "2023-12-15", "close": 12.563071, "volume": 15215484, "typical_volume": 9568497.3, "trend": 13.66039, "fair_value": 13.328574, "relative_strength": -19.629318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.541075, "energy": 44.730375, "activity_lines": [ 12.78788, 12.796822, 13.162561, 13.368935 ] }, { "date": "2023-12-22", "close": 12.874628, "volume": 8052992, "typical_volume": 9141184.75, "trend": 13.607636, "fair_value": 13.315679, "relative_strength": -17.954833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.131369, "energy": 34.468326, "activity_lines": [ 12.807429, 12.792323, 13.112331, 13.31824 ] }, { "date": "2023-12-29", "close": 13.076223, "volume": 4461915, "typical_volume": 8772240.85, "trend": 13.561003, "fair_value": 13.303602, "relative_strength": -16.525692, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.742632, "energy": 30.307275, "activity_lines": [ 12.888067, 12.842639, 13.085031, 13.283955 ] }, { "date": "2024-01-05", "close": 13.488578, "volume": 6439640, "typical_volume": 8651694.3, "trend": 13.525422, "fair_value": 13.293905, "relative_strength": -12.169868, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -22.294761, "energy": 13.682958, "activity_lines": [ 13.092107, 12.97226, 13.100329, 13.279283 ] }, { "date": "2024-01-12", "close": 13.781808, "volume": 9282415, "typical_volume": 8770553.3, "trend": 13.503206, "fair_value": 13.290356, "relative_strength": -11.534532, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": 0.252031, "energy": 16.755967, "activity_lines": [ 13.36029, 13.134369, 13.143678, 13.295824 ] }, { "date": "2024-01-19", "close": 13.479415, "volume": 7852627, "typical_volume": 8835311.3, "trend": 13.476, "fair_value": 13.281233, "relative_strength": -14.060233, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -2.273061, "energy": 23.028191, "activity_lines": [ 13.467808, 13.224338, 13.157722, 13.294289 ] }, { "date": "2024-01-26", "close": 13.378617, "volume": 9014319, "typical_volume": 8935503.15, "trend": 13.451719, "fair_value": 13.274098, "relative_strength": -15.177691, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.544794, "energy": 32.439981, "activity_lines": [ 13.480637, 13.278985, 13.163788, 13.288006 ] }, { "date": "2024-02-02", "close": 13.085387, "volume": 14503758, "typical_volume": 9146061.75, "trend": 13.424548, "fair_value": 13.267454, "relative_strength": -17.801766, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.499427, "energy": 19.398719, "activity_lines": [ 13.362123, 13.269489, 13.143258, 13.264372 ] }, { "date": "2024-02-09", "close": 13.048733, "volume": 10814874, "typical_volume": 9342323.15, "trend": 13.399149, "fair_value": 13.258679, "relative_strength": -18.707628, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.835627, "energy": 14.779071, "activity_lines": [ 13.23078, 13.249329, 13.12671, 13.240126 ] }, { "date": "2024-02-16", "close": 13.396944, "volume": 8010434, "typical_volume": 9370470.95, "trend": 13.379969, "fair_value": 13.251451, "relative_strength": -15.87612, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.508964, "energy": 13.923395, "activity_lines": [ 13.244831, 13.291314, 13.14892, 13.239984 ] }, { "date": "2024-02-23", "close": 13.396944, "volume": 10015125, "typical_volume": 9112084.25, "trend": 13.368272, "fair_value": 13.249281, "relative_strength": -16.839388, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.318183, "energy": 13.650194, "activity_lines": [ 13.284539, 13.32397, 13.174839, 13.241079 ] }, { "date": "2024-03-01", "close": 13.341963, "volume": 6185247, "typical_volume": 9026882.05, "trend": 13.357735, "fair_value": 13.242754, "relative_strength": -17.561295, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.027838, "energy": 10.830832, "activity_lines": [ 13.311418, 13.331467, 13.197879, 13.239381 ] }, { "date": "2024-03-08", "close": 13.534395, "volume": 7018091, "typical_volume": 8950566.7, "trend": 13.349722, "fair_value": 13.23235, "relative_strength": -15.648611, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.5682, "energy": 20.810624, "activity_lines": [ 13.404885, 13.365455, 13.241776, 13.250779 ] }, { "date": "2024-03-15", "close": 13.259492, "volume": 8433315, "typical_volume": 8561600.4, "trend": 13.341226, "fair_value": 13.212965, "relative_strength": -16.725242, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.272752, "energy": 15.466395, "activity_lines": [ 13.376784, 13.34113, 13.258445, 13.244958 ] }, { "date": "2024-03-22", "close": 13.204512, "volume": 7563348, "typical_volume": 8435249.95, "trend": 13.325509, "fair_value": 13.196546, "relative_strength": -18.296259, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.111813, "energy": 4.937374, "activity_lines": [ 13.316306, 13.310974, 13.265514, 13.236137 ] }, { "date": "2024-03-29", "close": 12.99012, "volume": 7533745, "typical_volume": 8415808.45, "trend": 13.297856, "fair_value": 13.179423, "relative_strength": -19.316177, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.039452, "energy": 14.733683, "activity_lines": [ 13.197192, 13.252334, 13.250419, 13.214499 ] }, { "date": "2024-04-05", "close": 12.737612, "volume": 8379285, "typical_volume": 8465207.7, "trend": 13.267175, "fair_value": 13.168167, "relative_strength": -19.500689, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.59807, "energy": 38.967028, "activity_lines": [ 13.02103, 13.15668, 13.209155, 13.178355 ] }, { "date": "2024-04-12", "close": 12.503809, "volume": 11190726, "typical_volume": 8736487.0, "trend": 13.195475, "fair_value": 13.156328, "relative_strength": -19.16125, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.36455, "energy": 63.563425, "activity_lines": [ 12.807225, 13.03017, 13.14584, 13.129105 ] }, { "date": "2024-04-19", "close": 12.382231, "volume": 8312300, "typical_volume": 8787714.95, "trend": 13.13409, "fair_value": 13.143818, "relative_strength": -16.763816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.40716, "energy": 77.351593, "activity_lines": [ 12.621599, 12.89213, 13.072669, 13.076638 ] }, { "date": "2024-04-26", "close": 12.185836, "volume": 7099016, "typical_volume": 8768932.8, "trend": 13.067757, "fair_value": 13.131987, "relative_strength": -19.558766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.775752, "energy": 83.26997, "activity_lines": [ 12.428992, 12.7305, 12.983662, 13.01546 ] }, { "date": "2024-05-03", "close": 12.503809, "volume": 5903814, "typical_volume": 8303349.3, "trend": 13.021492, "fair_value": 13.121279, "relative_strength": -17.26606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.717417, "energy": 77.915266, "activity_lines": [ 12.410287, 12.648703, 12.928261, 12.979076 ] }, { "date": "2024-05-10", "close": 12.391583, "volume": 9761949, "typical_volume": 8388797.15, "trend": 12.972096, "fair_value": 13.108505, "relative_strength": -18.853926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.264024, "energy": 71.329076, "activity_lines": [ 12.386595, 12.56274, 12.862454, 12.938437 ] }, { "date": "2024-05-17", "close": 12.363527, "volume": 6574619, "typical_volume": 8494432.35, "trend": 12.940398, "fair_value": 13.093936, "relative_strength": -19.729793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.006461, "energy": 59.347512, "activity_lines": [ 12.37662, 12.488956, 12.796276, 12.899175 ] }, { "date": "2024-05-24", "close": 12.270006, "volume": 5553998, "typical_volume": 8450150.25, "trend": 12.93796, "fair_value": 13.080545, "relative_strength": -19.712044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.099594, "energy": 48.630427, "activity_lines": [ 12.344823, 12.419457, 12.724584, 12.855924 ] }, { "date": "2024-05-31", "close": 12.485105, "volume": 5495585, "typical_volume": 8260808.75, "trend": 12.926198, "fair_value": 13.070525, "relative_strength": -17.398064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.240227, "energy": 41.716869, "activity_lines": [ 12.392207, 12.407057, 12.679181, 12.826707 ] }, { "date": "2024-06-07", "close": 12.59733, "volume": 7270432, "typical_volume": 8231699.0, "trend": 12.927951, "fair_value": 13.058585, "relative_strength": -17.09321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.206251, "energy": 32.564644, "activity_lines": [ 12.457048, 12.428142, 12.650641, 12.80549 ] }, { "date": "2024-06-14", "close": 12.251301, "volume": 7425713, "typical_volume": 8152268.7, "trend": 12.910227, "fair_value": 13.047982, "relative_strength": -20.097582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.258161, "energy": 35.700686, "activity_lines": [ 12.400312, 12.393454, 12.593346, 12.761835 ] }, { "date": "2024-06-21", "close": 11.783694, "volume": 9861944, "typical_volume": 7920178.0, "trend": 12.874168, "fair_value": 13.032335, "relative_strength": -23.020591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.898777, "energy": 50.276615, "activity_lines": [ 12.197059, 12.282588, 12.496885, 12.689155 ] }, { "date": "2024-06-28", "close": 12.101667, "volume": 7502977, "typical_volume": 7754583.15, "trend": 12.844738, "fair_value": 13.019049, "relative_strength": -20.354503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.972101, "energy": 54.204059, "activity_lines": [ 12.138452, 12.242629, 12.436906, 12.639317 ] }, { "date": "2024-07-05", "close": 12.354175, "volume": 4034631, "typical_volume": 7555793.0, "trend": 12.827084, "fair_value": 13.008082, "relative_strength": -19.674196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.012422, "energy": 50.652416, "activity_lines": [ 12.175237, 12.253682, 12.405486, 12.607667 ] }, { "date": "2024-07-12", "close": 12.569274, "volume": 7799112, "typical_volume": 7444992.35, "trend": 12.827291, "fair_value": 12.99704, "relative_strength": -18.563574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.211531, "energy": 35.957075, "activity_lines": [ 12.292451, 12.300783, 12.399516, 12.591035 ] }, { "date": "2024-07-19", "close": 12.494457, "volume": 14588473, "typical_volume": 7865153.65, "trend": 12.814618, "fair_value": 12.986326, "relative_strength": -16.929256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.039825, "energy": 18.075062, "activity_lines": [ 12.386596, 12.33309, 12.390362, 12.569561 ] }, { "date": "2024-07-26", "close": 12.877895, "volume": 12639781, "typical_volume": 8146238.15, "trend": 12.808007, "fair_value": 12.980009, "relative_strength": -13.246781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.55266, "energy": 14.199351, "activity_lines": [ 12.592343, 12.433243, 12.421762, 12.573644 ] }, { "date": "2024-08-02", "close": 13.167811, "volume": 22606758, "typical_volume": 8854910.3, "trend": 12.797315, "fair_value": 12.976627, "relative_strength": -8.969055, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.003804, "energy": 33.574513, "activity_lines": [ 12.821782, 12.576756, 12.483899, 12.596857 ] }, { "date": "2024-08-09", "close": 12.971416, "volume": 16474657, "typical_volume": 9300475.75, "trend": 12.770302, "fair_value": 12.969563, "relative_strength": -9.894596, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.034777, "energy": 36.478493, "activity_lines": [ 12.91468, 12.668237, 12.527768, 12.608089 ] }, { "date": "2024-08-16", "close": 13.560601, "volume": 7233172, "typical_volume": 9285447.1, "trend": 12.773008, "fair_value": 12.966653, "relative_strength": -8.975641, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.584054, "energy": 61.847755, "activity_lines": [ 13.162823, 12.858, 12.628861, 12.659076 ] }, { "date": "2024-08-23", "close": 14.103025, "volume": 11310468, "typical_volume": 9432006.25, "trend": 12.797155, "fair_value": 12.967489, "relative_strength": -6.219949, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.395955, "energy": 77.519575, "activity_lines": [ 13.525686, 13.128872, 12.778896, 12.744884 ] }, { "date": "2024-08-30", "close": 13.925334, "volume": 7852311, "typical_volume": 9265085.5, "trend": 12.825153, "fair_value": 12.965355, "relative_strength": -7.232314, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.233115, "energy": 77.21201, "activity_lines": [ 13.722081, 13.333769, 12.905506, 12.81767 ] }, { "date": "2024-09-06", "close": 13.850517, "volume": 6177961, "typical_volume": 9158368.55, "trend": 12.851879, "fair_value": 12.963172, "relative_strength": -3.368019, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.902379, "energy": 84.919136, "activity_lines": [ 13.823708, 13.486124, 13.018221, 12.883822 ] }, { "date": "2024-09-13", "close": 13.747643, "volume": 6531643, "typical_volume": 9129999.9, "trend": 12.863569, "fair_value": 12.95893, "relative_strength": -7.179171, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.914062, "energy": 82.519171, "activity_lines": [ 13.845529, 13.587977, 13.114147, 12.941613 ] }, { "date": "2024-09-20", "close": 13.841165, "volume": 7782056, "typical_volume": 9223912.0, "trend": 12.878377, "fair_value": 12.956687, "relative_strength": -7.240413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.490163, "energy": 72.94662, "activity_lines": [ 13.846776, 13.681498, 13.211543, 13.004684 ] }, { "date": "2024-09-27", "close": 13.598009, "volume": 12473555, "typical_volume": 9359492.3, "trend": 12.886912, "fair_value": 12.955525, "relative_strength": -8.727296, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.573081, "energy": 51.26413, "activity_lines": [ 13.748267, 13.707684, 13.279413, 13.051112 ] }, { "date": "2024-10-04", "close": 13.804593, "volume": 8870595, "typical_volume": 9474291.1, "trend": 12.895918, "fair_value": 12.967266, "relative_strength": -6.988833, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.806916, "energy": 47.437221, "activity_lines": [ 13.752287, 13.751366, 13.361213, 13.110317 ] }, { "date": "2024-10-11", "close": 13.680227, "volume": 10175268, "typical_volume": 9705354.6, "trend": 12.909943, "fair_value": 12.979018, "relative_strength": -8.264542, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.837666, "energy": 39.04923, "activity_lines": [ 13.7229, 13.755587, 13.424306, 13.160918 ] }, { "date": "2024-10-18", "close": 13.708927, "volume": 9150621, "typical_volume": 9888106.4, "trend": 12.926757, "fair_value": 12.991116, "relative_strength": -8.271024, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.834177, "energy": 34.83817, "activity_lines": [ 13.714434, 13.75571, 13.483417, 13.212465 ] }, { "date": "2024-10-25", "close": 12.981866, "volume": 5812720, "typical_volume": 9815220.8, "trend": 12.926481, "fair_value": 12.998823, "relative_strength": -11.769515, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.759655, "energy": 16.217436, "activity_lines": [ 13.466194, 13.61023, 13.467456, 13.21602 ] }, { "date": "2024-11-01", "close": 13.354963, "volume": 6859892, "typical_volume": 9786929.75, "trend": 12.94706, "fair_value": 13.007682, "relative_strength": -7.503887, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.88779, "energy": 21.972046, "activity_lines": [ 13.399607, 13.543109, 13.485197, 13.243664 ] }, { "date": "2024-11-08", "close": 13.182764, "volume": 5673915, "typical_volume": 9577528.3, "trend": 12.969692, "fair_value": 13.014522, "relative_strength": -12.386075, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.304952, "energy": 17.848874, "activity_lines": [ 13.291823, 13.45828, 13.481283, 13.258871 ] }, { "date": "2024-11-15", "close": 13.029699, "volume": 8579882, "typical_volume": 9631373.55, "trend": 12.991274, "fair_value": 13.022589, "relative_strength": -11.122774, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.289155, "energy": 25.231095, "activity_lines": [ 13.174473, 13.359122, 13.456129, 13.262743 ] }, { "date": "2024-11-22", "close": 12.800101, "volume": 14819354, "typical_volume": 10170609.7, "trend": 13.011749, "fair_value": 13.031769, "relative_strength": -13.645719, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -17.34398, "energy": 36.767053, "activity_lines": [ 13.023959, 13.233143, 13.404689, 13.250409 ] }, { "date": "2024-11-29", "close": 13.029699, "volume": 5166392, "typical_volume": 10038973.7, "trend": 13.029279, "fair_value": 13.042637, "relative_strength": -12.648551, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.295836, "energy": 43.747821, "activity_lines": [ 13.010566, 13.166137, 13.372992, 13.251567 ] }, { "date": "2024-12-06", "close": 13.134931, "volume": 8053637, "typical_volume": 9712231.9, "trend": 13.054057, "fair_value": 13.054018, "relative_strength": -12.243909, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.450995, "energy": 39.013029, "activity_lines": [ 13.029061, 13.133018, 13.349125, 13.258383 ] }, { "date": "2024-12-13", "close": 12.838367, "volume": 8362201, "typical_volume": 9498352.9, "trend": 13.069885, "fair_value": 13.062312, "relative_strength": -13.323452, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.945168, "energy": 34.336191, "activity_lines": [ 12.96337, 13.054398, 13.293964, 13.244468 ] }, { "date": "2024-12-20", "close": 12.532236, "volume": 8267763, "typical_volume": 8781403.15, "trend": 13.078626, "fair_value": 13.068483, "relative_strength": -13.378865, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.29657, "energy": 34.829286, "activity_lines": [ 12.818596, 12.937686, 13.209836, 13.209781 ] }, { "date": "2024-12-27", "close": 12.694868, "volume": 6093294, "typical_volume": 8262335.0, "trend": 13.085619, "fair_value": 13.07645, "relative_strength": -12.374534, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.762129, "energy": 39.61071, "activity_lines": [ 12.761196, 12.871415, 13.144223, 13.185022 ] }, { "date": "2025-01-03", "close": 12.685301, "volume": 4363979, "typical_volume": 8118875.35, "trend": 13.088551, "fair_value": 13.082848, "relative_strength": -11.444743, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.3545, "energy": 51.283124, "activity_lines": [ 12.707623, 12.821843, 13.079016, 13.159195 ] }, { "date": "2025-01-10", "close": 12.388737, "volume": 12473858, "typical_volume": 8177044.85, "trend": 13.093132, "fair_value": 13.082821, "relative_strength": -11.247592, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.339674, "energy": 61.965471, "activity_lines": [ 12.578155, 12.723742, 12.989732, 13.114046 ] }, { "date": "2025-01-17", "close": 12.360037, "volume": 7974848, "typical_volume": 8183171.7, "trend": 13.112344, "fair_value": 13.083094, "relative_strength": -13.458465, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.32092, "energy": 70.942708, "activity_lines": [ 12.488867, 12.63799, 12.905879, 13.066749 ] }, { "date": "2025-01-24", "close": 12.427004, "volume": 7376226, "typical_volume": 8243084.95, "trend": 13.123188, "fair_value": 13.085197, "relative_strength": -13.967062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.069932, "energy": 71.267486, "activity_lines": [ 12.45379, 12.579373, 12.835857, 13.022534 ] }, { "date": "2025-01-31", "close": 12.809667, "volume": 12374878, "typical_volume": 8535246.7, "trend": 13.138371, "fair_value": 13.088137, "relative_strength": -10.009227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.682189, "energy": 45.665454, "activity_lines": [ 12.553282, 12.601289, 12.809058, 13.002307 ] }, { "date": "2025-02-07", "close": 12.943599, "volume": 10208161, "typical_volume": 8656551.95, "trend": 13.150849, "fair_value": 13.090428, "relative_strength": -8.550741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.05305, "energy": 28.900129, "activity_lines": [ 12.689766, 12.647383, 12.799481, 12.989741 ] }, { "date": "2025-02-14", "close": 12.953166, "volume": 6271705, "typical_volume": 8346459.45, "trend": 13.166139, "fair_value": 13.090787, "relative_strength": -9.385772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.053881, "energy": 22.079379, "activity_lines": [ 12.812218, 12.696781, 12.795089, 12.976987 ] }, { "date": "2025-02-21", "close": 13.450629, "volume": 5312951, "typical_volume": 8168577.25, "trend": 13.18523, "fair_value": 13.096059, "relative_strength": -4.036712, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.421339, "energy": 19.206199, "activity_lines": [ 13.062863, 12.839932, 12.841146, 12.995341 ] }, { "date": "2025-02-28", "close": 13.78546, "volume": 6765154, "typical_volume": 7998071.55, "trend": 13.205818, "fair_value": 13.103369, "relative_strength": -0.436451, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 39.499521, "energy": 42.221923, "activity_lines": [ 13.352412, 13.03283, 12.920776, 13.034066 ] }, { "date": "2025-03-07", "close": 14.512521, "volume": 9220165, "typical_volume": 8001548.75, "trend": 13.257189, "fair_value": 13.118679, "relative_strength": 8.279866, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.241712, "energy": 74.273991, "activity_lines": [ 13.793751, 13.335134, 13.06915, 13.118369 ] }, { "date": "2025-03-14", "close": 14.359455, "volume": 9404606, "typical_volume": 8181143.05, "trend": 13.283817, "fair_value": 13.129399, "relative_strength": 9.701005, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.97633, "energy": 80.6682, "activity_lines": [ 14.070544, 13.57656, 13.199119, 13.189483 ] }, { "date": "2025-03-21", "close": 14.531654, "volume": 7850490, "typical_volume": 8230672.95, "trend": 13.298105, "fair_value": 13.142139, "relative_strength": 10.444123, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.062447, "energy": 82.890679, "activity_lines": [ 14.310347, 13.818856, 13.338928, 13.269989 ] }, { "date": "2025-03-28", "close": 14.397722, "volume": 6582435, "typical_volume": 8276098.95, "trend": 13.313851, "fair_value": 13.154495, "relative_strength": 10.995001, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.055602, "energy": 87.914619, "activity_lines": [ 14.400273, 13.997838, 13.460378, 13.340932 ] }, { "date": "2025-04-04", "close": 14.40307, "volume": 12830058, "typical_volume": 8488607.75, "trend": 13.332269, "fair_value": 13.16402, "relative_strength": 21.743909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.833386, "energy": 82.004803, "activity_lines": [ 14.428842, 14.140744, 13.576552, 13.411204 ] }, { "date": "2025-04-11", "close": 13.581155, "volume": 20438914, "typical_volume": 8769585.75, "trend": 13.32672, "fair_value": 13.168938, "relative_strength": 8.576852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.369936, "energy": 49.437507, "activity_lines": [ 14.142266, 14.098282, 13.607908, 13.427261 ] }, { "date": "2025-04-18", "close": 14.393285, "volume": 6622916, "typical_volume": 8842411.95, "trend": 13.345124, "fair_value": 13.181927, "relative_strength": 16.522502, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.445691, "energy": 42.332794, "activity_lines": [ 14.18849, 14.189454, 13.712891, 13.496072 ] }, { "date": "2025-04-25", "close": 14.706395, "volume": 10387856, "typical_volume": 8959122.9, "trend": 13.38207, "fair_value": 13.196096, "relative_strength": 13.592379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.053485, "energy": 47.77919, "activity_lines": [ 14.336829, 14.311196, 13.841201, 13.583896 ] }, { "date": "2025-05-02", "close": 14.990151, "volume": 7515150, "typical_volume": 8916770.35, "trend": 13.421589, "fair_value": 13.211533, "relative_strength": 12.336302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.784425, "energy": 55.733015, "activity_lines": [ 14.568105, 14.452654, 13.989052, 13.687643 ] }, { "date": "2025-05-09", "close": 14.050821, "volume": 13336320, "typical_volume": 9170198.2, "trend": 13.433942, "fair_value": 13.222547, "relative_strength": 5.679068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.765502, "energy": 46.266964, "activity_lines": [ 14.446775, 14.395332, 14.037196, 13.728238 ] }, { "date": "2025-05-16", "close": 13.806203, "volume": 13868139, "typical_volume": 9558940.45, "trend": 13.437184, "fair_value": 13.229954, "relative_strength": -1.345663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.656677, "energy": 32.568602, "activity_lines": [ 14.267388, 14.288711, 14.054812, 13.752255 ] }, { "date": "2025-05-23", "close": 14.256299, "volume": 8233719, "typical_volume": 9752427.45, "trend": 13.479665, "fair_value": 13.239971, "relative_strength": 4.427146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.774532, "energy": 25.351945, "activity_lines": [ 14.223031, 14.276767, 14.110002, 13.805101 ] }, { "date": "2025-05-30", "close": 14.706395, "volume": 7772436, "typical_volume": 9517356.35, "trend": 13.524713, "fair_value": 13.258162, "relative_strength": 5.760893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.411522, "energy": 25.902683, "activity_lines": [ 14.337838, 14.348534, 14.200578, 13.884245 ] }, { "date": "2025-06-06", "close": 14.637902, "volume": 8316899, "typical_volume": 9534458.9, "trend": 13.573218, "fair_value": 13.278227, "relative_strength": 3.50953, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.753843, "energy": 34.16187, "activity_lines": [ 14.429814, 14.404671, 14.273594, 13.956064 ] }, { "date": "2025-06-13", "close": 14.872735, "volume": 10909896, "typical_volume": 9711142.4, "trend": 13.634652, "fair_value": 13.301286, "relative_strength": 5.370719, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.730057, "energy": 50.359183, "activity_lines": [ 14.623551, 14.499137, 14.358128, 14.039904 ] }, { "date": "2025-06-20", "close": 14.451993, "volume": 9432453, "typical_volume": 9564021.15, "trend": 13.689715, "fair_value": 13.317681, "relative_strength": 2.354612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.942621, "energy": 45.051333, "activity_lines": [ 14.622247, 14.508566, 14.390945, 14.092635 ] }, { "date": "2025-06-27", "close": 14.774888, "volume": 9002665, "typical_volume": 9503746.35, "trend": 13.747888, "fair_value": 13.334768, "relative_strength": 1.006959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.705848, "energy": 43.653763, "activity_lines": [ 14.685521, 14.56087, 14.446693, 14.162647 ] }, { "date": "2025-07-04", "close": 15.009721, "volume": 9780818, "typical_volume": 9679202.0, "trend": 13.810381, "fair_value": 13.351653, "relative_strength": 0.782642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.975299, "energy": 47.12834, "activity_lines": [ 14.792501, 14.648932, 14.516086, 14.244055 ] }, { "date": "2025-07-11", "close": 14.363931, "volume": 12218208, "typical_volume": 10024464.85, "trend": 13.861233, "fair_value": 13.363957, "relative_strength": -3.311606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.636688, "energy": 30.979722, "activity_lines": [ 14.663995, 14.614063, 14.514182, 14.279768 ] }, { "date": "2025-07-18", "close": 14.119313, "volume": 18587910, "typical_volume": 10615602.65, "trend": 13.914136, "fair_value": 13.373978, "relative_strength": -5.516449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.160605, "energy": 15.774644, "activity_lines": [ 14.472215, 14.546104, 14.484632, 14.296418 ] }, { "date": "2025-07-25", "close": 14.168237, "volume": 23020715, "typical_volume": 11305630.15, "trend": 13.963248, "fair_value": 13.384311, "relative_strength": -6.476732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.266735, "energy": 13.144557, "activity_lines": [ 14.346971, 14.485795, 14.458152, 14.312812 ] }, { "date": "2025-08-01", "close": 13.855127, "volume": 46748456, "typical_volume": 13172822.65, "trend": 14.002242, "fair_value": 13.39688, "relative_strength": -6.073615, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.581072, "energy": 16.193047, "activity_lines": [ 14.136274, 14.361974, 14.403491, 14.305836 ] }, { "date": "2025-08-08", "close": 14.129098, "volume": 25253185, "typical_volume": 14042957.4, "trend": 14.060254, "fair_value": 13.408946, "relative_strength": -6.353228, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.294178, "energy": 18.88399, "activity_lines": [ 14.078218, 14.29526, 14.377324, 14.314021 ] }, { "date": "2025-08-15", "close": 14.677041, "volume": 15000372, "typical_volume": 14463854.25, "trend": 14.137488, "fair_value": 13.426453, "relative_strength": -3.514516, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.387057, "energy": 15.915947, "activity_lines": [ 14.261518, 14.338669, 14.405259, 14.353813 ] }, { "date": "2025-08-22", "close": 15.185845, "volume": 16907886, "typical_volume": 14667745.65, "trend": 14.229449, "fair_value": 13.448269, "relative_strength": -0.307525, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.057732, "energy": 26.564604, "activity_lines": [ 14.593545, 14.473875, 14.480322, 14.421449 ] }, { "date": "2025-08-29", "close": 14.667256, "volume": 11065348, "typical_volume": 14199067.35, "trend": 14.291369, "fair_value": 13.467476, "relative_strength": -3.49445, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.401534, "energy": 31.270355, "activity_lines": [ 14.681607, 14.5091, 14.502268, 14.449695 ] }, { "date": "2025-09-05", "close": 15.068429, "volume": 10452974, "typical_volume": 14390570.25, "trend": 14.362197, "fair_value": 13.488483, "relative_strength": -0.974582, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.60208, "energy": 46.810717, "activity_lines": [ 14.870126, 14.613352, 14.557248, 14.499828 ] }, { "date": "2025-09-12", "close": 14.774888, "volume": 21229271, "typical_volume": 14932641.0, "trend": 14.422921, "fair_value": 13.509096, "relative_strength": -4.226226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.826869, "energy": 49.647357, "activity_lines": [ 14.87991, 14.658895, 14.581058, 14.526453 ] }, { "date": "2025-09-19", "close": 14.735749, "volume": 14441454, "typical_volume": 15278956.2, "trend": 14.465758, "fair_value": 13.531938, "relative_strength": -5.456207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.888396, "energy": 37.712061, "activity_lines": [ 14.833596, 14.701592, 14.600814, 14.546635 ] }, { "date": "2025-09-26", "close": 14.422639, "volume": 7588487, "typical_volume": 14991564.55, "trend": 14.486997, "fair_value": 13.551122, "relative_strength": -7.027857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.928117, "energy": 16.830887, "activity_lines": [ 14.678998, 14.680599, 14.591961, 14.543854 ] }, { "date": "2025-10-03", "close": 14.6, "volume": 15322380, "typical_volume": 15064276.6, "trend": 14.489913, "fair_value": 13.570482, "relative_strength": -6.727365, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.19955, "energy": 13.19291, "activity_lines": [ 14.634401, 14.686339, 14.598229, 14.551144 ] }, { "date": "2025-10-10", "close": 13.71, "volume": 14105482, "typical_volume": 15357864.75, "trend": 14.468265, "fair_value": 13.585663, "relative_strength": -10.027535, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.478823, "energy": 19.687684, "activity_lines": [ 14.29762, 14.52241, 14.515955, 14.500827 ] }, { "date": "2025-10-17", "close": 14.04, "volume": 15362735, "typical_volume": 15737379.7, "trend": 14.451876, "fair_value": 13.604033, "relative_strength": -9.24406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.07924, "energy": 31.48005, "activity_lines": [ 14.161402, 14.42112, 14.467711, 14.473197 ] }, { "date": "2025-10-24", "close": 14.01, "volume": 9535795, "typical_volume": 15798324.5, "trend": 14.438952, "fair_value": 13.619272, "relative_strength": -11.010301, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.230461, "energy": 47.307952, "activity_lines": [ 14.064176, 14.315996, 14.419784, 14.444689 ] }, { "date": "2025-10-31", "close": 13.44, "volume": 17424987, "typical_volume": 16124079.05, "trend": 14.40685, "fair_value": 13.630914, "relative_strength": -14.953925, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.550456, "energy": 72.769482, "activity_lines": [ 13.825333, 14.119363, 14.320561, 14.38024 ] }, { "date": "2025-11-07", "close": 13.66, "volume": 14837932, "typical_volume": 16394353.0, "trend": 14.409478, "fair_value": 13.640239, "relative_strength": -11.990974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.28672, "energy": 67.30142, "activity_lines": [ 13.725333, 13.994473, 14.249112, 14.332057 ] }, { "date": "2025-11-14", "close": 14.29, "volume": 18578839, "typical_volume": 16873161.7, "trend": 14.406035, "fair_value": 13.652189, "relative_strength": -7.968147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.571371, "energy": 47.11099, "activity_lines": [ 13.898, 14.002442, 14.241435, 14.324348 ] }, { "date": "2025-11-21", "close": 14.3, "volume": 16672265, "typical_volume": 17217734.05, "trend": 14.392489, "fair_value": 13.661492, "relative_strength": -6.096651, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.312555, "energy": 27.732394, "activity_lines": [ 14.035333, 14.026382, 14.23702, 14.317507 ] }, { "date": "2025-11-28", "close": 14.42, "volume": 11205755, "typical_volume": 17167111.4, "trend": 14.373484, "fair_value": 13.670208, "relative_strength": -8.624275, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.541166, "energy": 16.627985, "activity_lines": [ 14.195333, 14.080775, 14.247412, 14.319282 ] }, { "date": "2025-12-05", "close": 14.18, "volume": 11432196, "typical_volume": 16809325.7, "trend": 14.37779, "fair_value": 13.676482, "relative_strength": -10.357503, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.745702, "energy": 21.279168, "activity_lines": [ 14.248, 14.097273, 14.234681, 14.306799 ] }, { "date": "2025-12-12", "close": 14.33, "volume": 9732301, "typical_volume": 16144905.0, "trend": 14.39525, "fair_value": 13.683322, "relative_strength": -8.850077, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.382039, "energy": 18.324312, "activity_lines": [ 14.301333, 14.145455, 14.235946, 14.303716 ] }, { "date": "2025-12-19", "close": 14.9, "volume": 17680990, "typical_volume": 14691531.7, "trend": 14.416706, "fair_value": 13.691048, "relative_strength": -5.373755, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.457686, "energy": 24.279382, "activity_lines": [ 14.5, 14.302182, 14.290727, 14.336281 ] }, { "date": "2025-12-26", "close": 15.65, "volume": 10019322, "typical_volume": 13929838.55, "trend": 14.44816, "fair_value": 13.703243, "relative_strength": -2.098496, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.94962, "energy": 55.378186, "activity_lines": [ 14.908, 14.573636, 14.41196, 14.415848 ] }, { "date": "2026-01-02", "close": 15.62, "volume": 5435478, "typical_volume": 13451593.85, "trend": 14.480896, "fair_value": 13.715358, "relative_strength": -1.36187, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.574901, "energy": 80.209414, "activity_lines": [ 15.216, 14.810364, 14.523094, 14.491451 ] }, { "date": "2026-01-09", "close": 16.31, "volume": 13130486, "typical_volume": 13262723.85, "trend": 14.528805, "fair_value": 13.728959, "relative_strength": 1.217731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.702602, "energy": 92.608569, "activity_lines": [ 15.674, 15.143273, 14.695452, 14.609457 ] }, { "date": "2026-01-16", "close": 16.16, "volume": 14124784, "typical_volume": 13415695.65, "trend": 14.585739, "fair_value": 13.740638, "relative_strength": 0.43343, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.376697, "energy": 90.878544, "activity_lines": [ 15.94, 15.396727, 14.848171, 14.714696 ] }, { "date": "2026-01-23", "close": 16.29, "volume": 17263650, "typical_volume": 13756229.45, "trend": 14.636242, "fair_value": 13.754506, "relative_strength": 1.35069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.560883, "energy": 89.581582, "activity_lines": [ 16.127333, 15.628364, 15.006163, 14.824648 ] }, { "date": "2026-01-30", "close": 17.23, "volume": 23061102, "typical_volume": 13847821.0, "trend": 14.710252, "fair_value": 13.774738, "relative_strength": 6.479021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.340503, "energy": 96.368048, "activity_lines": [ 16.535333, 15.994545, 15.247862, 14.991987 ] }, { "date": "2026-02-06", "close": 17.89, "volume": 16644710, "typical_volume": 13957983.8, "trend": 14.827787, "fair_value": 13.79875, "relative_strength": 10.400974, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.954382, "energy": 96.853733, "activity_lines": [ 17.058, 16.427455, 15.540727, 15.197132 ] }, { "date": "2026-02-13", "close": 18.46, "volume": 12350987, "typical_volume": 14196108.8, "trend": 14.972477, "fair_value": 13.828788, "relative_strength": 14.874964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.21021, "energy": 97.557534, "activity_lines": [ 17.619333, 16.900909, 15.872857, 15.431469 ] }, { "date": "2026-02-20", "close": 18.66, "volume": 10808610, "typical_volume": 13970420.3, "trend": 15.122202, "fair_value": 13.86152, "relative_strength": 14.416838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.732659, "energy": 95.867344, "activity_lines": [ 18.104, 17.332909, 16.20481, 15.669373 ] }, { "date": "2026-02-27", "close": 18.75, "volume": 12280209, "typical_volume": 13879156.65, "trend": 15.285365, "fair_value": 13.89353, "relative_strength": 15.183741, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.043156, "energy": 93.087869, "activity_lines": [ 18.452, 17.702545, 16.526, 15.903425 ] }, { "date": "2026-03-06", "close": 17.88, "volume": 14213956, "typical_volume": 13821717.7, "trend": 15.410395, "fair_value": 13.918155, "relative_strength": 11.962883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.281687, "energy": 76.144158, "activity_lines": [ 18.346, 17.844, 16.740333, 16.070821 ] }, { "date": "2026-03-13", "close": 17.77, "volume": 11487441, "typical_volume": 13919300.0, "trend": 15.513494, "fair_value": 13.939477, "relative_strength": 12.876245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.015172, "energy": 65.616716, "activity_lines": [ 18.16, 17.924909, 16.925905, 16.223053 ] }, { "date": "2026-03-20", "close": 17.83, "volume": 14028357, "typical_volume": 13749468.5, "trend": 15.601632, "fair_value": 13.961353, "relative_strength": 15.200831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.427065, "energy": 59.988747, "activity_lines": [ 18.002, 17.977636, 17.099286, 16.372505 ] }, { "date": "2026-03-27", "close": 17.91, "volume": 13932343, "typical_volume": 13704189.05, "trend": 15.709723, "fair_value": 13.981298, "relative_strength": 18.166263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.674428, "energy": 47.604675, "activity_lines": [ 17.912667, 18.017273, 17.259381, 16.521432 ] }, { "date": "2026-04-03", "close": 18.74, "volume": 14863101, "typical_volume": 13518402.15, "trend": 15.832109, "fair_value": 14.003168, "relative_strength": 19.568603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.020493, "energy": 54.217165, "activity_lines": [ 18.15, 18.176, 17.478286, 16.716934 ] }, { "date": "2026-04-10", "close": 18.08, "volume": 16561051, "typical_volume": 13512841.45, "trend": 15.94228, "fair_value": 14.022304, "relative_strength": 11.266723, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.30572, "energy": 47.292838, "activity_lines": [ 18.168, 18.170182, 17.613143, 16.861959 ] }, { "date": "2026-04-17", "close": 17.82, "volume": 14431554, "typical_volume": 13674131.4, "trend": 16.045088, "fair_value": 14.039543, "relative_strength": 5.145396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.077448, "energy": 43.792527, "activity_lines": [ 18.086, 18.101636, 17.705238, 16.983102 ] }, { "date": "2026-04-24", "close": 16.63, "volume": 13423041, "typical_volume": 13773673.65, "trend": 16.118667, "fair_value": 14.050651, "relative_strength": -2.104852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.892153, "energy": 21.721861, "activity_lines": [ 17.604, 17.818, 17.66781, 17.020839 ] }, { "date": "2026-05-01", "close": 16.62, "volume": 10287272, "typical_volume": 13801422.2, "trend": 16.186, "fair_value": 14.060082, "relative_strength": -2.784771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.447187, "energy": 17.347403, "activity_lines": [ 17.198667, 17.565818, 17.617762, 17.053183 ] }, { "date": "2026-05-08", "close": 16.46, "volume": 17193125, "typical_volume": 13777028.95, "trend": 16.277667, "fair_value": 14.071309, "relative_strength": -5.716472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.385676, "energy": 29.988992, "activity_lines": [ 16.826, 17.321636, 17.541571, 17.07086 ] }, { "date": "2026-05-15", "close": 16.61, "volume": 19942965, "typical_volume": 14273211.1, "trend": 16.363333, "fair_value": 14.084648, "relative_strength": -4.977227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.864938, "energy": 32.443216, "activity_lines": [ 16.655333, 17.146364, 17.472238, 17.092301 ] }, { "date": "2026-05-22", "close": 16.25, "volume": 15611501, "typical_volume": 14782012.25, "trend": 16.438, "fair_value": 14.09614, "relative_strength": -7.609966, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -15.203902, "energy": 44.577815, "activity_lines": [ 16.462667, 16.928727, 17.364048, 17.084989 ] }, { "date": "2026-05-29", "close": 15.96, "volume": 11473472, "typical_volume": 14699161.55, "trend": 16.522, "fair_value": 14.105658, "relative_strength": -10.25612, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.926238, "energy": 60.671615, "activity_lines": [ 16.278, 16.686, 17.225238, 17.054151 ] }, { "date": "2026-06-05", "close": 15.6, "volume": 16754986, "typical_volume": 14830671.65, "trend": 16.586667, "fair_value": 14.11235, "relative_strength": -9.766178, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.214299, "energy": 62.650815, "activity_lines": [ 16.018, 16.411818, 17.05381, 16.994667 ] }, { "date": "2026-06-12", "close": 15.91, "volume": 17182645, "typical_volume": 14826621.4, "trend": 16.640667, "fair_value": 14.12172, "relative_strength": -8.21184, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.886835, "energy": 58.692879, "activity_lines": [ 15.929333, 16.236, 16.914571, 16.951011 ] }, { "date": "2026-06-19", "close": 15.63, "volume": 8764181, "typical_volume": 14111775.35, "trend": 16.685, "fair_value": 14.130274, "relative_strength": -10.388582, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.05206, "energy": 63.04588, "activity_lines": [ 15.784, 16.060727, 16.750476, 16.885806 ] }, { "date": "2026-06-26", "close": 15.91, "volume": 14604665, "typical_volume": 14009773.1, "trend": 16.734667, "fair_value": 14.141831, "relative_strength": -6.371951, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.228678, "energy": 53.004958, "activity_lines": [ 15.797333, 15.980909, 16.620667, 16.835806 ] }, { "date": "2026-07-03", "close": 16.77, "volume": 12291338, "typical_volume": 14006790.65, "trend": 16.821, "fair_value": 14.160225, "relative_strength": -3.263521, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.255885, "energy": 26.422293, "activity_lines": [ 16.12, 16.092182, 16.58219, 16.838086 ] }, { "date": "2026-07-10", "close": 16.56, "volume": 11675968, "typical_volume": 14050158.55, "trend": 16.895333, "fair_value": 14.177849, "relative_strength": -5.656294, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -41.76019, "energy": 25.628238, "activity_lines": [ 16.318667, 16.162727, 16.531762, 16.821247 ] }, { "date": "2026-07-17", "close": 17.15, "volume": 23045464, "typical_volume": 14588421.3, "trend": 16.970333, "fair_value": 14.198218, "relative_strength": -0.789099, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.434108, "energy": 21.887893, "activity_lines": [ 16.65, 16.341636, 16.547524, 16.837677 ] }, { "date": "2026-07-24", "close": 17.24, "volume": 21059506, "typical_volume": 14930698.8, "trend": 17.023333, "fair_value": 14.220604, "relative_strength": 0.249821, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.757744, "energy": 23.83823, "activity_lines": [ 16.928667, 16.524364, 16.579476, 16.855075 ] }, { "date": "2026-07-31", "close": 17.09, "volume": 22607738, "typical_volume": 15486713.65, "trend": 17.072333, "fair_value": 14.242604, "relative_strength": -1.728046, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.105279, "energy": 21.37383, "activity_lines": [ 17.05, 16.668364, 16.60019, 16.859376 ] }, { "date": "2026-08-07", "close": 17.45, "volume": 22455989, "typical_volume": 15908095.25, "trend": 17.110333, "fair_value": 14.266163, "relative_strength": -3.073479, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.390133, "energy": 31.306461, "activity_lines": [ 17.212667, 16.862545, 16.658429, 16.883742 ] } ], "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." } } }