{ "ticker": { "uuid": "338c9e25-7a10-497d-b624-90a9d64e0e74", "symbol": "MI-UN", "name": "Minto Apartment Real Estate Investment Trust", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 79.621, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 75.176, "architecture_energy": 90.125, "architecture_maturity": 10.278, "architecture_confidence": 72.147, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 11.45, "rotation_up": 84.94, "upward_expansion": 99.84, "deceleration": 39.05, "rotation_down": 8.4, "downward_expansion": 21.84 }, "activity_lines": [ 17.952, 17.820314, 17.653543, 17.581161 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 17.99, "trend_reference": 17.491963, "distance_from_trend": 0.028472, "trend_direction": "Improving", "fair_value": 14.802868, "distance_from_fair_value": 0.215305, "fair_value_direction": "Improving", "relative_strength": 1.80947, "relative_strength_direction": "Weakening", "price_momentum": 0.038044, "excess_performance": -0.082377, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.028472, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.084175, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.215305, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006981, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.018095, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.039003, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.038044, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.991196, "read": "Supply-led" } ], "volume": { "latest": 861088, "relative_activity": 1.896144, "balance": 0.991196, "dry_up": 2.742796, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.008833, "annualized_volatility": 0.051426, "from_high_reference": -0.00111, "from_low_reference": 0.417114 }, "levels": { "trend_reference": 17.491963, "fair_value_reference": 14.802868, "structural_low": 17.23617, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": -0.007147, "positive_rate": 0.235294, "directional_follow_through": 0.235294, "median_excess_return": -0.033699, "regime_survival": 0.647059, "best_return": 0.03588, "worst_return": -0.089144, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.045773, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.080526, "regime_survival": 0.142857, "best_return": 0.014048, "worst_return": -0.208504, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.091469, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.133755, "regime_survival": 0.0, "best_return": 0.021021, "worst_return": -0.235769, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.10411, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.190122, "regime_survival": 0.25, "best_return": 0.257041, "worst_return": -0.395255, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.040351, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-08-09", "tenure": "New", "return": 0.028397, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-16", "end": "2024-09-13", "tenure": "Developing", "return": 0.099114, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2024-10-11", "tenure": "New", "return": -0.075262, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.09766, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-12-06", "tenure": "Developing", "return": 0.010087, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-05-02", "tenure": "Established", "return": -0.023275, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-06", "tenure": "Developing", "return": 0.124253, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": -0.022362, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-09-05", "tenure": "Developing", "return": -0.051566, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2026-01-02", "tenure": "Established", "return": -0.013721, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-05-15", "tenure": "Established", "return": -0.003134, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-07-10", "tenure": "Developing", "return": 0.021883, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.088115, "volume": 356360, "typical_volume": 455103.85, "trend": 14.242626, "fair_value": 16.944401, "relative_strength": -4.822372, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.038324, "energy": 41.848176, "activity_lines": [ 13.687523, 13.925392, 13.990408, 14.022237 ] }, { "date": "2023-08-25", "close": 12.666227, "volume": 395579, "typical_volume": 463831.0, "trend": 14.140228, "fair_value": 16.922353, "relative_strength": -7.786346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.34409, "energy": 66.257186, "activity_lines": [ 13.272212, 13.680304, 13.869072, 13.920534 ] }, { "date": "2023-09-01", "close": 12.762316, "volume": 428653, "typical_volume": 467110.15, "trend": 14.030944, "fair_value": 16.904844, "relative_strength": -10.048793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.049904, "energy": 72.493535, "activity_lines": [ 13.015951, 13.485548, 13.762262, 13.831636 ] }, { "date": "2023-09-08", "close": 12.569973, "volume": 298905, "typical_volume": 466089.5, "trend": 13.934737, "fair_value": 16.886558, "relative_strength": -9.091664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.701594, "energy": 77.588891, "activity_lines": [ 12.78825, 13.261798, 13.640834, 13.73738 ] }, { "date": "2023-09-15", "close": 13.474007, "volume": 768853, "typical_volume": 477722.4, "trend": 13.871494, "fair_value": 16.868438, "relative_strength": -5.002226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.239401, "energy": 63.656539, "activity_lines": [ 12.957163, 13.234985, 13.609396, 13.707656 ] }, { "date": "2023-09-22", "close": 14.012582, "volume": 637592, "typical_volume": 481440.95, "trend": 13.838463, "fair_value": 16.854566, "relative_strength": 2.869442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.904098, "energy": 24.521431, "activity_lines": [ 13.323981, 13.319965, 13.629251, 13.716758 ] }, { "date": "2023-09-29", "close": 13.148299, "volume": 621811, "typical_volume": 480973.15, "trend": 13.764614, "fair_value": 16.832774, "relative_strength": -2.352934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.823871, "energy": 23.713126, "activity_lines": [ 13.341074, 13.255185, 13.561965, 13.672231 ] }, { "date": "2023-10-06", "close": 13.148299, "volume": 366283, "typical_volume": 481970.1, "trend": 13.73016, "fair_value": 16.811439, "relative_strength": -0.971146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.245751, "energy": 21.893961, "activity_lines": [ 13.326028, 13.216282, 13.50112, 13.632469 ] }, { "date": "2023-10-13", "close": 13.225471, "volume": 350596, "typical_volume": 479206.0, "trend": 13.714352, "fair_value": 16.796978, "relative_strength": -1.578547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.891018, "energy": 18.378649, "activity_lines": [ 13.310975, 13.209667, 13.45384, 13.599909 ] }, { "date": "2023-10-20", "close": 12.637031, "volume": 279911, "typical_volume": 463873.4, "trend": 13.68145, "fair_value": 16.779087, "relative_strength": -4.254678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.876987, "energy": 40.383001, "activity_lines": [ 13.056074, 13.110127, 13.355551, 13.530404 ] }, { "date": "2023-10-27", "close": 12.569502, "volume": 832830, "typical_volume": 431733.95, "trend": 13.633961, "fair_value": 16.766413, "relative_strength": -2.930711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.190579, "energy": 53.545954, "activity_lines": [ 12.834463, 13.018539, 13.257397, 13.458665 ] }, { "date": "2023-11-03", "close": 13.654299, "volume": 397279, "typical_volume": 426200.95, "trend": 13.629268, "fair_value": 16.757665, "relative_strength": -0.485938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.233681, "energy": 26.923197, "activity_lines": [ 13.070656, 13.133617, 13.270398, 13.459978 ] }, { "date": "2023-11-10", "close": 13.809132, "volume": 506522, "typical_volume": 424476.4, "trend": 13.63827, "fair_value": 16.739689, "relative_strength": 1.469229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.458807, "energy": 12.009795, "activity_lines": [ 13.324726, 13.258882, 13.302046, 13.471582 ] }, { "date": "2023-11-17", "close": 13.886551, "volume": 405501, "typical_volume": 417908.65, "trend": 13.654909, "fair_value": 16.719411, "relative_strength": -0.615858, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.472068, "energy": 10.046797, "activity_lines": [ 13.560548, 13.379189, 13.337648, 13.4876 ] }, { "date": "2023-11-24", "close": 13.663978, "volume": 240031, "typical_volume": 418773.3, "trend": 13.66124, "fair_value": 16.696978, "relative_strength": -1.867003, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.426484, "energy": 19.784233, "activity_lines": [ 13.678106, 13.435091, 13.354312, 13.488185 ] }, { "date": "2023-12-01", "close": 14.421995, "volume": 384238, "typical_volume": 424882.7, "trend": 13.708687, "fair_value": 16.679462, "relative_strength": 1.652717, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.807378, "energy": 36.624435, "activity_lines": [ 13.979874, 13.62536, 13.445898, 13.537266 ] }, { "date": "2023-12-08", "close": 15.062542, "volume": 599793, "typical_volume": 438386.75, "trend": 13.727405, "fair_value": 16.662446, "relative_strength": 6.612886, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.987324, "energy": 57.435434, "activity_lines": [ 14.371657, 13.924649, 13.598471, 13.624611 ] }, { "date": "2023-12-15", "close": 15.615736, "volume": 804386, "typical_volume": 461151.8, "trend": 13.766147, "fair_value": 16.645945, "relative_strength": 9.283088, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.455075, "energy": 70.017646, "activity_lines": [ 14.853956, 14.289714, 13.801391, 13.746439 ] }, { "date": "2023-12-22", "close": 15.693381, "volume": 312230, "typical_volume": 463089.1, "trend": 13.813183, "fair_value": 16.628969, "relative_strength": 7.72294, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.376125, "energy": 83.746999, "activity_lines": [ 15.241696, 14.624033, 14.004738, 13.870777 ] }, { "date": "2023-12-29", "close": 15.744037, "volume": 122472, "typical_volume": 455491.25, "trend": 13.870787, "fair_value": 16.613132, "relative_strength": 7.467042, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.803801, "energy": 86.1616, "activity_lines": [ 15.525866, 14.922692, 14.204841, 13.995348 ] }, { "date": "2024-01-05", "close": 15.607806, "volume": 230676, "typical_volume": 449207.05, "trend": 13.917176, "fair_value": 16.601008, "relative_strength": 6.452293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.891772, "energy": 82.969767, "activity_lines": [ 15.625956, 15.14009, 14.382472, 14.107414 ] }, { "date": "2024-01-12", "close": 15.997025, "volume": 304480, "typical_volume": 444652.1, "trend": 13.967957, "fair_value": 16.591264, "relative_strength": 8.707358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.315646, "energy": 82.971866, "activity_lines": [ 15.776731, 15.373013, 14.585174, 14.241598 ] }, { "date": "2024-01-19", "close": 16.006754, "volume": 316577, "typical_volume": 439048.3, "trend": 14.065147, "fair_value": 16.5782, "relative_strength": 9.115935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.731, "energy": 77.90189, "activity_lines": [ 15.86845, 15.565111, 14.772941, 14.373133 ] }, { "date": "2024-01-26", "close": 16.074865, "volume": 429409, "typical_volume": 445573.5, "trend": 14.122269, "fair_value": 16.567252, "relative_strength": 8.441822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.163259, "energy": 60.691583, "activity_lines": [ 15.956804, 15.729635, 14.951745, 14.502792 ] }, { "date": "2024-02-02", "close": 16.534571, "volume": 426101, "typical_volume": 428435.9, "trend": 14.198858, "fair_value": 16.559998, "relative_strength": 11.720666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.749381, "energy": 72.910536, "activity_lines": [ 16.172962, 15.937955, 15.157641, 14.658424 ] }, { "date": "2024-02-09", "close": 16.45653, "volume": 124458, "typical_volume": 402779.2, "trend": 14.266791, "fair_value": 16.550233, "relative_strength": 11.490839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.11841, "energy": 72.371554, "activity_lines": [ 16.310404, 16.079893, 15.341531, 14.804081 ] }, { "date": "2024-02-16", "close": 16.641876, "volume": 237573, "typical_volume": 383567.3, "trend": 14.335802, "fair_value": 16.547686, "relative_strength": 11.339036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.924211, "energy": 70.848893, "activity_lines": [ 16.453046, 16.218539, 15.531434, 14.957312 ] }, { "date": "2024-02-23", "close": 16.651627, "volume": 204782, "typical_volume": 375492.25, "trend": 14.419108, "fair_value": 16.543946, "relative_strength": 10.476819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.508512, "energy": 69.555635, "activity_lines": [ 16.555949, 16.330242, 15.70563, 15.10672 ] }, { "date": "2024-03-01", "close": 16.595448, "volume": 387357, "typical_volume": 377330.3, "trend": 14.505656, "fair_value": 16.537487, "relative_strength": 9.322697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.045996, "energy": 59.399832, "activity_lines": [ 16.597134, 16.412897, 15.857793, 15.247129 ] }, { "date": "2024-03-08", "close": 16.810589, "volume": 660650, "typical_volume": 396367.25, "trend": 14.607685, "fair_value": 16.524811, "relative_strength": 9.628814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.525316, "energy": 57.217789, "activity_lines": [ 16.675327, 16.518267, 16.014398, 15.395835 ] }, { "date": "2024-03-15", "close": 16.135822, "volume": 1148743, "typical_volume": 412162.9, "trend": 14.709276, "fair_value": 16.508443, "relative_strength": 4.59949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.966091, "energy": 47.450622, "activity_lines": [ 16.510196, 16.48156, 16.086866, 15.494424 ] }, { "date": "2024-03-22", "close": 15.861999, "volume": 388301, "typical_volume": 411714.0, "trend": 14.815801, "fair_value": 16.485256, "relative_strength": 2.129778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.010815, "energy": 31.977131, "activity_lines": [ 16.275172, 16.385467, 16.116273, 15.568793 ] }, { "date": "2024-03-29", "close": 15.541717, "volume": 281422, "typical_volume": 400459.0, "trend": 14.908448, "fair_value": 16.459681, "relative_strength": -0.771269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.802451, "energy": 19.971199, "activity_lines": [ 15.985378, 16.233596, 16.104663, 15.615626 ] }, { "date": "2024-04-05", "close": 15.276969, "volume": 299944, "typical_volume": 395181.15, "trend": 14.998681, "fair_value": 16.429873, "relative_strength": -2.896561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.180738, "energy": 16.404737, "activity_lines": [ 15.68133, 16.042044, 16.05959, 15.639402 ] }, { "date": "2024-04-12", "close": 14.92397, "volume": 341429, "typical_volume": 400251.05, "trend": 15.047013, "fair_value": 16.398379, "relative_strength": -3.623745, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.41924, "energy": 26.779545, "activity_lines": [ 15.347513, 15.800818, 15.974276, 15.634582 ] }, { "date": "2024-04-19", "close": 14.55136, "volume": 862314, "typical_volume": 424154.85, "trend": 15.064973, "fair_value": 16.363978, "relative_strength": -5.683099, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.659645, "energy": 40.590476, "activity_lines": [ 15.015268, 15.521128, 15.847476, 15.602604 ] }, { "date": "2024-04-26", "close": 14.610194, "volume": 196656, "typical_volume": 403998.0, "trend": 15.113703, "fair_value": 16.33152, "relative_strength": -6.030118, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.428075, "energy": 52.954087, "activity_lines": [ 14.808265, 15.286775, 15.725663, 15.573264 ] }, { "date": "2024-05-03", "close": 14.779327, "volume": 345116, "typical_volume": 381034.5, "trend": 15.16807, "fair_value": 16.299339, "relative_strength": -4.952775, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.878359, "energy": 55.309658, "activity_lines": [ 14.741093, 15.120112, 15.622112, 15.551691 ] }, { "date": "2024-05-10", "close": 15.093989, "volume": 562087, "typical_volume": 393527.35, "trend": 15.230354, "fair_value": 16.272119, "relative_strength": -4.415046, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.516762, "energy": 36.243595, "activity_lines": [ 14.829635, 15.044703, 15.552511, 15.546912 ] }, { "date": "2024-05-17", "close": 15.034988, "volume": 396429, "typical_volume": 407225.2, "trend": 15.310286, "fair_value": 16.245561, "relative_strength": -5.346629, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.493852, "energy": 27.757408, "activity_lines": [ 14.910708, 14.985866, 15.480146, 15.534307 ] }, { "date": "2024-05-24", "close": 14.464662, "volume": 153942, "typical_volume": 403388.5, "trend": 15.373458, "fair_value": 16.213796, "relative_strength": -8.175444, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.228814, "energy": 30.208623, "activity_lines": [ 14.794272, 14.855616, 15.35684, 15.479751 ] }, { "date": "2024-05-31", "close": 14.535578, "volume": 324230, "typical_volume": 404376.0, "trend": 15.402834, "fair_value": 16.181214, "relative_strength": -7.391474, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.748815, "energy": 29.183521, "activity_lines": [ 14.707254, 14.768645, 15.245732, 15.425694 ] }, { "date": "2024-06-07", "close": 15.166702, "volume": 547912, "typical_volume": 415942.75, "trend": 15.448086, "fair_value": 16.147759, "relative_strength": -2.151596, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.942606, "energy": 29.581009, "activity_lines": [ 14.835585, 14.820541, 15.20169, 15.41046 ] }, { "date": "2024-06-14", "close": 14.762389, "volume": 292573, "typical_volume": 409100.95, "trend": 15.477281, "fair_value": 16.105466, "relative_strength": -3.028637, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.111167, "energy": 35.144177, "activity_lines": [ 14.80332, 14.805744, 15.123143, 15.366221 ] }, { "date": "2024-06-21", "close": 14.358073, "volume": 301929, "typical_volume": 402892.35, "trend": 15.500417, "fair_value": 16.058788, "relative_strength": -5.295256, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.718616, "energy": 41.145831, "activity_lines": [ 14.65839, 14.726791, 15.012339, 15.294014 ] }, { "date": "2024-06-28", "close": 14.616364, "volume": 203459, "typical_volume": 406842.4, "trend": 15.506896, "fair_value": 16.014008, "relative_strength": -4.89043, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.132836, "energy": 34.158945, "activity_lines": [ 14.644684, 14.705089, 14.936498, 15.236979 ] }, { "date": "2024-07-05", "close": 14.883372, "volume": 152430, "typical_volume": 402585.25, "trend": 15.500924, "fair_value": 15.966825, "relative_strength": -3.843581, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.777215, "energy": 32.614112, "activity_lines": [ 14.709868, 14.730751, 14.894849, 15.196751 ] }, { "date": "2024-07-12", "close": 15.358059, "volume": 517105, "typical_volume": 418201.4, "trend": 15.492335, "fair_value": 15.922107, "relative_strength": -3.375261, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.494195, "energy": 17.501492, "activity_lines": [ 14.910094, 14.837754, 14.906783, 15.187534 ] }, { "date": "2024-07-19", "close": 15.397614, "volume": 200718, "typical_volume": 408869.45, "trend": 15.482476, "fair_value": 15.880886, "relative_strength": -3.117314, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.015987, "energy": 12.01111, "activity_lines": [ 15.110748, 14.941426, 14.928643, 15.181423 ] }, { "date": "2024-07-26", "close": 15.723961, "volume": 844642, "typical_volume": 418069.05, "trend": 15.481807, "fair_value": 15.839219, "relative_strength": -1.602004, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.508223, "energy": 18.395595, "activity_lines": [ 15.377836, 15.098913, 14.987289, 15.197003 ] }, { "date": "2024-08-02", "close": 15.428326, "volume": 194199, "typical_volume": 370341.85, "trend": 15.475824, "fair_value": 15.799545, "relative_strength": -0.907779, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.479384, "energy": 20.21562, "activity_lines": [ 15.45532, 15.190122, 15.022952, 15.193553 ] }, { "date": "2024-08-09", "close": 15.834858, "volume": 305426, "typical_volume": 366198.1, "trend": 15.470418, "fair_value": 15.761026, "relative_strength": 1.221774, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.523982, "energy": 40.791233, "activity_lines": [ 15.614184, 15.337725, 15.100703, 15.216716 ] }, { "date": "2024-08-16", "close": 15.547318, "volume": 303914, "typical_volume": 367322.7, "trend": 15.455104, "fair_value": 15.721186, "relative_strength": -3.857321, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.224006, "energy": 37.397664, "activity_lines": [ 15.613769, 15.409424, 15.151197, 15.221677 ] }, { "date": "2024-08-23", "close": 16.290966, "volume": 439332, "typical_volume": 374292.1, "trend": 15.462307, "fair_value": 15.689711, "relative_strength": -0.426874, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.516249, "energy": 42.847087, "activity_lines": [ 15.848619, 15.609412, 15.272489, 15.275604 ] }, { "date": "2024-08-30", "close": 16.223415, "volume": 531091, "typical_volume": 383775.2, "trend": 15.451935, "fair_value": 15.657407, "relative_strength": -1.294216, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.598034, "energy": 49.466224, "activity_lines": [ 16.001396, 15.769325, 15.382519, 15.324708 ] }, { "date": "2024-09-06", "close": 16.283054, "volume": 542053, "typical_volume": 367762.15, "trend": 15.446153, "fair_value": 15.629032, "relative_strength": 1.279664, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.02636, "energy": 51.349785, "activity_lines": [ 16.140755, 15.906167, 15.49204, 15.378328 ] }, { "date": "2024-09-13", "close": 17.088268, "volume": 1002929, "typical_volume": 408075.8, "trend": 15.461033, "fair_value": 15.604655, "relative_strength": 2.537303, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.708924, "energy": 78.409981, "activity_lines": [ 16.491537, 16.159108, 15.670003, 15.484271 ] }, { "date": "2024-09-20", "close": 16.919277, "volume": 927803, "typical_volume": 437210.15, "trend": 15.469954, "fair_value": 15.580125, "relative_strength": 0.251447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.633939, "energy": 76.343049, "activity_lines": [ 16.702428, 16.341234, 15.820071, 15.578351 ] }, { "date": "2024-09-27", "close": 16.732143, "volume": 294842, "typical_volume": 423847.9, "trend": 15.474511, "fair_value": 15.556268, "relative_strength": -1.296023, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.482442, "energy": 72.630694, "activity_lines": [ 16.759477, 16.46095, 15.942126, 15.659783 ] }, { "date": "2024-10-04", "close": 15.835247, "volume": 347006, "typical_volume": 421376.75, "trend": 15.441999, "fair_value": 15.525556, "relative_strength": -7.313209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.516324, "energy": 45.22242, "activity_lines": [ 16.488149, 16.393329, 15.970962, 15.683056 ] }, { "date": "2024-10-11", "close": 15.645904, "volume": 440466, "typical_volume": 435702.95, "trend": 15.425669, "fair_value": 15.492348, "relative_strength": -9.476708, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.296929, "energy": 24.278163, "activity_lines": [ 16.179584, 16.28926, 15.977955, 15.696211 ] }, { "date": "2024-10-18", "close": 15.60604, "volume": 174448, "typical_volume": 428213.85, "trend": 15.417137, "fair_value": 15.451375, "relative_strength": -10.906673, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.896876, "energy": 21.686229, "activity_lines": [ 15.900208, 16.173986, 15.975526, 15.707848 ] }, { "date": "2024-10-25", "close": 14.918417, "volume": 325269, "typical_volume": 417081.7, "trend": 15.39636, "fair_value": 15.413344, "relative_strength": -13.439209, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.870288, "energy": 23.081466, "activity_lines": [ 15.49044, 15.93785, 15.902511, 15.675673 ] }, { "date": "2024-11-01", "close": 14.081958, "volume": 393972, "typical_volume": 422151.65, "trend": 15.356526, "fair_value": 15.368376, "relative_strength": -17.346157, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -45.684213, "energy": 45.748943, "activity_lines": [ 14.935242, 15.561066, 15.751017, 15.590873 ] }, { "date": "2024-11-08", "close": 14.012, "volume": 729447, "typical_volume": 443527.55, "trend": 15.326127, "fair_value": 15.326984, "relative_strength": -19.128984, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.266145, "energy": 67.377809, "activity_lines": [ 14.533404, 15.211725, 15.596099, 15.504129 ] }, { "date": "2024-11-15", "close": 14.141924, "volume": 405123, "typical_volume": 453610.75, "trend": 15.31248, "fair_value": 15.2859, "relative_strength": -18.540784, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.529283, "energy": 68.663708, "activity_lines": [ 14.296425, 14.926215, 15.455204, 15.427729 ] }, { "date": "2024-11-22", "close": 14.241866, "volume": 461067, "typical_volume": 469042.6, "trend": 15.300202, "fair_value": 15.248489, "relative_strength": -19.483644, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.543993, "energy": 70.724137, "activity_lines": [ 14.193024, 14.697806, 15.326086, 15.358657 ] }, { "date": "2024-11-29", "close": 14.794858, "volume": 352958, "typical_volume": 460835.25, "trend": 15.30072, "fair_value": 15.217427, "relative_strength": -16.726072, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.938437, "energy": 53.730495, "activity_lines": [ 14.364899, 14.621693, 15.252688, 15.326054 ] }, { "date": "2024-12-06", "close": 14.153344, "volume": 587224, "typical_volume": 480160.55, "trend": 15.269365, "fair_value": 15.180851, "relative_strength": -20.051077, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.596992, "energy": 51.053221, "activity_lines": [ 14.331173, 14.467567, 15.120876, 15.25203 ] }, { "date": "2024-12-13", "close": 13.491784, "volume": 950388, "typical_volume": 485447.85, "trend": 15.217925, "fair_value": 15.141261, "relative_strength": -22.035552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.512319, "energy": 59.417112, "activity_lines": [ 14.072168, 14.240045, 14.931983, 15.137347 ] }, { "date": "2024-12-20", "close": 13.391548, "volume": 1255434, "typical_volume": 538509.6, "trend": 15.182154, "fair_value": 15.100502, "relative_strength": -20.02664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.305871, "energy": 66.122678, "activity_lines": [ 13.814433, 14.036907, 14.744174, 15.019516 ] }, { "date": "2024-12-27", "close": 13.381524, "volume": 451144, "typical_volume": 545795.5, "trend": 15.143686, "fair_value": 15.05816, "relative_strength": -20.244411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.453868, "energy": 79.787766, "activity_lines": [ 13.603381, 13.872934, 14.565109, 14.903347 ] }, { "date": "2025-01-03", "close": 12.855557, "volume": 584214, "typical_volume": 559810.5, "trend": 15.066648, "fair_value": 15.013851, "relative_strength": -23.721477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.832807, "energy": 88.971045, "activity_lines": [ 13.274362, 13.653776, 14.347634, 14.755726 ] }, { "date": "2025-01-10", "close": 12.32347, "volume": 821300, "typical_volume": 578908.9, "trend": 14.98535, "fair_value": 14.962327, "relative_strength": -25.41124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.555393, "energy": 92.275314, "activity_lines": [ 12.897269, 13.375383, 14.092302, 14.578746 ] }, { "date": "2025-01-17", "close": 12.266461, "volume": 880600, "typical_volume": 596384.35, "trend": 14.91563, "fair_value": 14.914768, "relative_strength": -26.056401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.893867, "energy": 90.296812, "activity_lines": [ 12.623163, 13.118596, 13.850433, 14.403334 ] }, { "date": "2025-01-24", "close": 12.361479, "volume": 602700, "typical_volume": 599416.7, "trend": 14.840467, "fair_value": 14.865999, "relative_strength": -26.063627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.885186, "energy": 87.939073, "activity_lines": [ 12.462419, 12.910822, 13.636457, 14.23855 ] }, { "date": "2025-01-31", "close": 12.582809, "volume": 1886100, "typical_volume": 643575.25, "trend": 14.763782, "fair_value": 14.815717, "relative_strength": -24.283921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.564661, "energy": 82.67639, "activity_lines": [ 12.444123, 12.775662, 13.462234, 14.092895 ] }, { "date": "2025-02-07", "close": 12.821121, "volume": 887800, "typical_volume": 641575.1, "trend": 14.679217, "fair_value": 14.769483, "relative_strength": -21.931979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.579254, "energy": 62.232983, "activity_lines": [ 12.558511, 12.713996, 13.332161, 13.967562 ] }, { "date": "2025-02-14", "close": 12.45889, "volume": 643100, "typical_volume": 658988.0, "trend": 14.58126, "fair_value": 14.723215, "relative_strength": -23.588202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.583732, "energy": 58.123849, "activity_lines": [ 12.554452, 12.622357, 13.187106, 13.824315 ] }, { "date": "2025-02-21", "close": 12.401696, "volume": 521200, "typical_volume": 667697.7, "trend": 14.470517, "fair_value": 14.673998, "relative_strength": -22.2574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.203315, "energy": 54.319763, "activity_lines": [ 12.5223, 12.551126, 13.056952, 13.683698 ] }, { "date": "2025-02-28", "close": 12.509422, "volume": 1248600, "typical_volume": 708104.4, "trend": 14.373221, "fair_value": 14.630466, "relative_strength": -21.684772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.6604, "energy": 48.949648, "activity_lines": [ 12.517041, 12.519302, 12.953408, 13.557176 ] }, { "date": "2025-03-07", "close": 12.490292, "volume": 1225700, "typical_volume": 760667.0, "trend": 14.261735, "fair_value": 14.581583, "relative_strength": -19.135275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.789925, "energy": 46.571451, "activity_lines": [ 12.495542, 12.500038, 12.862978, 13.435696 ] }, { "date": "2025-03-14", "close": 12.66244, "volume": 814300, "typical_volume": 785118.55, "trend": 14.165572, "fair_value": 14.535624, "relative_strength": -16.763297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.771323, "energy": 39.240249, "activity_lines": [ 12.537594, 12.528278, 12.80378, 13.332516 ] }, { "date": "2025-03-21", "close": 12.930228, "volume": 779900, "typical_volume": 804414.95, "trend": 14.053548, "fair_value": 14.489913, "relative_strength": -15.884333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.548966, "energy": 31.096882, "activity_lines": [ 12.679488, 12.608718, 12.780828, 13.252816 ] }, { "date": "2025-03-28", "close": 12.815462, "volume": 538300, "typical_volume": 794857.6, "trend": 13.939949, "fair_value": 14.44741, "relative_strength": -15.44145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.292149, "energy": 23.908185, "activity_lines": [ 12.751703, 12.657259, 12.752431, 13.17294 ] }, { "date": "2025-04-04", "close": 12.290639, "volume": 754000, "typical_volume": 812301.45, "trend": 13.806869, "fair_value": 14.406133, "relative_strength": -13.002843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.296708, "energy": 29.433985, "activity_lines": [ 12.621393, 12.600397, 12.679748, 13.066533 ] }, { "date": "2025-04-11", "close": 11.695776, "volume": 894100, "typical_volume": 833953.1, "trend": 13.627119, "fair_value": 14.363691, "relative_strength": -18.117508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.929866, "energy": 46.603039, "activity_lines": [ 12.307381, 12.436665, 12.559227, 12.930333 ] }, { "date": "2025-04-18", "close": 12.444152, "volume": 484200, "typical_volume": 840515.2, "trend": 13.477948, "fair_value": 14.325459, "relative_strength": -14.642346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.38774, "energy": 39.988753, "activity_lines": [ 12.295796, 12.42513, 12.522104, 12.854013 ] }, { "date": "2025-04-25", "close": 12.655231, "volume": 320500, "typical_volume": 827179.0, "trend": 13.342051, "fair_value": 14.290639, "relative_strength": -14.596432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.189222, "energy": 36.610677, "activity_lines": [ 12.369122, 12.458826, 12.516278, 12.800934 ] }, { "date": "2025-05-02", "close": 13.177758, "volume": 469000, "typical_volume": 803109.6, "trend": 13.253468, "fair_value": 14.270138, "relative_strength": -11.79492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.170721, "energy": 10.922022, "activity_lines": [ 12.634957, 12.583958, 12.567351, 12.790335 ] }, { "date": "2025-05-09", "close": 12.340312, "volume": 850300, "typical_volume": 782852.9, "trend": 13.143282, "fair_value": 14.241732, "relative_strength": -17.960821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.585771, "energy": 14.546521, "activity_lines": [ 12.597491, 12.542717, 12.540161, 12.731421 ] }, { "date": "2025-05-16", "close": 12.311435, "volume": 675700, "typical_volume": 794080.7, "trend": 13.033462, "fair_value": 14.211844, "relative_strength": -19.5794, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.566993, "energy": 17.114451, "activity_lines": [ 12.547087, 12.499299, 12.515228, 12.677754 ] }, { "date": "2025-05-23", "close": 12.147795, "volume": 728600, "typical_volume": 801300.0, "trend": 12.941108, "fair_value": 14.180023, "relative_strength": -19.899696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.625665, "energy": 23.104718, "activity_lines": [ 12.401093, 12.429382, 12.479805, 12.620614 ] }, { "date": "2025-05-30", "close": 13.854319, "volume": 2141200, "typical_volume": 867295.0, "trend": 12.93352, "fair_value": 14.163042, "relative_strength": -9.309761, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.470919, "energy": 7.422787, "activity_lines": [ 12.843697, 12.679098, 12.610279, 12.679531 ] }, { "date": "2025-06-06", "close": 13.873627, "volume": 864900, "typical_volume": 866510.0, "trend": 12.928907, "fair_value": 14.154931, "relative_strength": -9.566775, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.916528, "energy": 40.445661, "activity_lines": [ 13.212799, 12.915523, 12.735302, 12.740183 ] }, { "date": "2025-06-13", "close": 13.815701, "volume": 613200, "typical_volume": 867035.0, "trend": 12.918033, "fair_value": 14.158683, "relative_strength": -9.718817, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.097195, "energy": 55.937933, "activity_lines": [ 13.5162, 13.122177, 12.847155, 12.797395 ] }, { "date": "2025-06-20", "close": 14.037754, "volume": 424500, "typical_volume": 793955.0, "trend": 12.911229, "fair_value": 14.163149, "relative_strength": -7.825648, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.704589, "energy": 65.432049, "activity_lines": [ 13.795259, 13.341476, 12.973231, 12.869636 ] }, { "date": "2025-06-27", "close": 13.506754, "volume": 644800, "typical_volume": 781805.0, "trend": 12.868293, "fair_value": 14.162967, "relative_strength": -11.478981, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.594614, "energy": 67.800583, "activity_lines": [ 13.782231, 13.421648, 13.041808, 12.908056 ] }, { "date": "2025-07-04", "close": 14.168195, "volume": 547900, "typical_volume": 777045.0, "trend": 12.868788, "fair_value": 14.16756, "relative_strength": -7.907293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.219448, "energy": 68.014387, "activity_lines": [ 13.899085, 13.602762, 13.170114, 12.991921 ] }, { "date": "2025-07-11", "close": 14.09072, "volume": 883300, "typical_volume": 795150.0, "trend": 12.888752, "fair_value": 14.173433, "relative_strength": -7.831378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.564281, "energy": 58.813748, "activity_lines": [ 13.96919, 13.742281, 13.282901, 13.070755 ] }, { "date": "2025-07-18", "close": 14.158509, "volume": 530200, "typical_volume": 759230.0, "trend": 12.914318, "fair_value": 14.175, "relative_strength": -7.871816, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.839737, "energy": 47.722052, "activity_lines": [ 14.047418, 13.877526, 13.394102, 13.152675 ] }, { "date": "2025-07-25", "close": 13.926086, "volume": 557600, "typical_volume": 725825.0, "trend": 12.93247, "fair_value": 14.172759, "relative_strength": -9.413087, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.350069, "energy": 44.453462, "activity_lines": [ 14.025318, 13.937454, 13.475315, 13.217951 ] }, { "date": "2025-08-01", "close": 13.307566, "volume": 650000, "typical_volume": 717610.0, "trend": 12.947537, "fair_value": 14.168157, "relative_strength": -11.302913, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.371685, "energy": 30.870504, "activity_lines": [ 13.804489, 13.855567, 13.490783, 13.24215 ] }, { "date": "2025-08-08", "close": 13.375563, "volume": 509000, "typical_volume": 704065.0, "trend": 12.982606, "fair_value": 14.161615, "relative_strength": -12.53052, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.129404, "energy": 21.610329, "activity_lines": [ 13.619605, 13.764956, 13.509656, 13.269765 ] }, { "date": "2025-08-15", "close": 13.064729, "volume": 649600, "typical_volume": 709630.0, "trend": 13.009215, "fair_value": 14.151179, "relative_strength": -14.396496, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.177851, "energy": 19.624985, "activity_lines": [ 13.383952, 13.626534, 13.496804, 13.275063 ] }, { "date": "2025-08-22", "close": 13.093867, "volume": 590100, "typical_volume": 701435.0, "trend": 13.033628, "fair_value": 14.144554, "relative_strength": -14.788892, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.624841, "energy": 21.989767, "activity_lines": [ 13.226411, 13.508118, 13.485541, 13.280525 ] }, { "date": "2025-08-29", "close": 13.223223, "volume": 579000, "typical_volume": 685680.0, "trend": 13.054975, "fair_value": 14.140366, "relative_strength": -13.936261, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.507207, "energy": 21.482822, "activity_lines": [ 13.182964, 13.426345, 13.482773, 13.292757 ] }, { "date": "2025-09-05", "close": 13.437599, "volume": 407600, "typical_volume": 681850.0, "trend": 13.075525, "fair_value": 14.135349, "relative_strength": -13.22199, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 7.635898, "energy": 17.080135, "activity_lines": [ 13.257834, 13.398359, 13.493147, 13.317442 ] }, { "date": "2025-09-12", "close": 13.622745, "volume": 642900, "typical_volume": 697970.0, "trend": 13.11432, "fair_value": 14.134974, "relative_strength": -11.901031, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.549073, "energy": 11.703222, "activity_lines": [ 13.38575, 13.405294, 13.516424, 13.352747 ] }, { "date": "2025-09-19", "close": 13.45709, "volume": 567200, "typical_volume": 702880.0, "trend": 13.1495, "fair_value": 14.142772, "relative_strength": -13.580737, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.2345, "energy": 15.26839, "activity_lines": [ 13.441969, 13.392026, 13.519317, 13.374861 ] }, { "date": "2025-09-26", "close": 13.145267, "volume": 371700, "typical_volume": 678950.0, "trend": 13.170694, "fair_value": 14.149936, "relative_strength": -14.758521, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.738552, "energy": 10.9538, "activity_lines": [ 13.36809, 13.333584, 13.491183, 13.374588 ] }, { "date": "2025-10-03", "close": 13.519673, "volume": 323700, "typical_volume": 661350.0, "trend": 13.205007, "fair_value": 14.160218, "relative_strength": -13.696523, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.009603, "energy": 16.173279, "activity_lines": [ 13.415586, 13.361639, 13.494873, 13.397102 ] }, { "date": "2025-10-10", "close": 13.34371, "volume": 337800, "typical_volume": 641810.0, "trend": 13.227716, "fair_value": 14.169311, "relative_strength": -12.418159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.782291, "energy": 10.764231, "activity_lines": [ 13.384665, 13.365089, 13.476051, 13.406051 ] }, { "date": "2025-10-17", "close": 13.275282, "volume": 338100, "typical_volume": 551655.0, "trend": 13.239218, "fair_value": 14.174739, "relative_strength": -12.99717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.276625, "energy": 8.322449, "activity_lines": [ 13.337193, 13.355441, 13.445018, 13.40912 ] }, { "date": "2025-10-24", "close": 13.656532, "volume": 431300, "typical_volume": 529975.0, "trend": 13.267254, "fair_value": 14.18255, "relative_strength": -10.677832, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.516339, "energy": 17.029348, "activity_lines": [ 13.439969, 13.416934, 13.453051, 13.436043 ] }, { "date": "2025-10-31", "close": 13.464644, "volume": 381400, "typical_volume": 518385.0, "trend": 13.306387, "fair_value": 14.189671, "relative_strength": -11.204223, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.855317, "energy": 9.164839, "activity_lines": [ 13.465486, 13.432779, 13.443843, 13.448778 ] }, { "date": "2025-11-07", "close": 12.895854, "volume": 727700, "typical_volume": 533545.0, "trend": 13.34639, "fair_value": 14.183853, "relative_strength": -13.517, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.782239, "energy": 20.714266, "activity_lines": [ 13.280114, 13.338466, 13.382136, 13.422292 ] }, { "date": "2025-11-14", "close": 13.395998, "volume": 1094300, "typical_volume": 556020.0, "trend": 13.378118, "fair_value": 14.182381, "relative_strength": -10.955889, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.428503, "energy": 9.80517, "activity_lines": [ 13.303046, 13.34104, 13.3735, 13.425493 ] }, { "date": "2025-11-21", "close": 13.356771, "volume": 262100, "typical_volume": 541730.0, "trend": 13.401503, "fair_value": 14.179758, "relative_strength": -10.322266, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.363469, "energy": 19.09394, "activity_lines": [ 13.309415, 13.337238, 13.361655, 13.424115 ] }, { "date": "2025-11-28", "close": 13.410822, "volume": 318100, "typical_volume": 513470.0, "trend": 13.409271, "fair_value": 14.180238, "relative_strength": -12.958924, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.515072, "energy": 16.911468, "activity_lines": [ 13.328369, 13.3481, 13.358821, 13.424717 ] }, { "date": "2025-12-05", "close": 12.987736, "volume": 434000, "typical_volume": 508660.0, "trend": 13.430852, "fair_value": 14.176924, "relative_strength": -15.059871, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.451108, "energy": 27.878392, "activity_lines": [ 13.222675, 13.282879, 13.318932, 13.397521 ] }, { "date": "2025-12-12", "close": 12.899183, "volume": 552100, "typical_volume": 508385.0, "trend": 13.450444, "fair_value": 14.17226, "relative_strength": -15.80361, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.013383, "energy": 42.914058, "activity_lines": [ 13.119258, 13.204421, 13.276184, 13.36322 ] }, { "date": "2025-12-19", "close": 13.164843, "volume": 1443900, "typical_volume": 548080.0, "trend": 13.484345, "fair_value": 14.173268, "relative_strength": -14.247068, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.938001, "energy": 38.451941, "activity_lines": [ 13.104171, 13.185546, 13.263627, 13.344794 ] }, { "date": "2025-12-26", "close": 13.253396, "volume": 197600, "typical_volume": 532510.0, "trend": 13.464315, "fair_value": 14.173501, "relative_strength": -13.898734, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.827208, "energy": 37.873903, "activity_lines": [ 13.134013, 13.186024, 13.260183, 13.329894 ] }, { "date": "2026-01-02", "close": 13.43583, "volume": 447900, "typical_volume": 522425.0, "trend": 13.449721, "fair_value": 14.173215, "relative_strength": -12.073909, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.983072, "energy": 14.2146, "activity_lines": [ 13.231558, 13.22007, 13.274695, 13.328056 ] }, { "date": "2026-01-09", "close": 17.374769, "volume": 5684800, "typical_volume": 777160.0, "trend": 13.568357, "fair_value": 14.190641, "relative_strength": 11.002978, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.433638, "energy": 83.129776, "activity_lines": [ 14.640415, 13.974299, 13.662578, 13.581285 ] }, { "date": "2026-01-16", "close": 17.325407, "volume": 981900, "typical_volume": 797305.0, "trend": 13.677945, "fair_value": 14.205157, "relative_strength": 9.101628, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.423982, "energy": 96.785102, "activity_lines": [ 15.740349, 14.64846, 14.025374, 13.823675 ] }, { "date": "2026-01-23", "close": 17.276049, "volume": 652800, "typical_volume": 809565.0, "trend": 13.803589, "fair_value": 14.215016, "relative_strength": 8.292752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.354726, "energy": 95.839881, "activity_lines": [ 16.528749, 15.23311, 14.363935, 14.055811 ] }, { "date": "2026-01-30", "close": 17.241585, "volume": 1053600, "typical_volume": 830100.0, "trend": 13.906035, "fair_value": 14.222713, "relative_strength": 12.000489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.172478, "energy": 91.642707, "activity_lines": [ 17.031581, 15.740947, 14.680935, 14.277617 ] }, { "date": "2026-02-06", "close": 17.330666, "volume": 533300, "typical_volume": 828405.0, "trend": 14.014033, "fair_value": 14.234729, "relative_strength": 10.549512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.253179, "energy": 89.894436, "activity_lines": [ 17.298227, 16.194348, 14.989187, 14.498561 ] }, { "date": "2026-02-13", "close": 17.380152, "volume": 408400, "typical_volume": 830240.0, "trend": 14.121421, "fair_value": 14.247606, "relative_strength": 8.686476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.425365, "energy": 90.220635, "activity_lines": [ 17.321712, 16.585476, 15.283706, 14.71573 ] }, { "date": "2026-02-20", "close": 17.390049, "volume": 186000, "typical_volume": 823355.0, "trend": 14.236887, "fair_value": 14.262904, "relative_strength": 6.267463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.659883, "energy": 88.411814, "activity_lines": [ 17.348138, 16.898542, 15.559002, 14.926609 ] }, { "date": "2026-02-27", "close": 17.414782, "volume": 290100, "typical_volume": 820970.0, "trend": 14.373794, "fair_value": 14.276052, "relative_strength": 4.739013, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.300789, "energy": 71.337836, "activity_lines": [ 17.378499, 17.134452, 15.818223, 15.131635 ] }, { "date": "2026-03-06", "close": 17.394936, "volume": 444800, "typical_volume": 826305.0, "trend": 14.507773, "fair_value": 14.296648, "relative_strength": 8.500597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.517504, "energy": 68.143213, "activity_lines": [ 17.392995, 17.289483, 16.056167, 15.326547 ] }, { "date": "2026-03-13", "close": 17.285784, "volume": 489600, "typical_volume": 829220.0, "trend": 14.648475, "fair_value": 14.319636, "relative_strength": 9.547607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.703272, "energy": 66.713721, "activity_lines": [ 17.360884, 17.349367, 16.264099, 15.505774 ] }, { "date": "2026-03-20", "close": 17.27586, "volume": 1086600, "typical_volume": 864480.0, "trend": 14.787875, "fair_value": 14.343044, "relative_strength": 13.613338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.930122, "energy": 62.040476, "activity_lines": [ 17.328457, 17.337447, 16.453804, 15.675282 ] }, { "date": "2026-03-27", "close": 17.444548, "volume": 668200, "typical_volume": 861505.0, "trend": 14.928585, "fair_value": 14.365162, "relative_strength": 12.288131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.755081, "energy": 65.05041, "activity_lines": [ 17.359212, 17.357996, 16.641425, 15.846681 ] }, { "date": "2026-04-03", "close": 17.479574, "volume": 390900, "typical_volume": 826335.0, "trend": 15.063318, "fair_value": 14.388781, "relative_strength": 8.622412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.417339, "energy": 64.224766, "activity_lines": [ 17.39801, 17.382748, 16.810722, 16.011261 ] }, { "date": "2026-04-10", "close": 17.618853, "volume": 681000, "typical_volume": 847280.0, "trend": 15.196521, "fair_value": 14.414933, "relative_strength": 7.46366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.494397, "energy": 95.572695, "activity_lines": [ 17.478914, 17.429122, 16.973837, 16.176134 ] }, { "date": "2026-04-17", "close": 17.539265, "volume": 189100, "typical_volume": 840830.0, "trend": 15.332594, "fair_value": 14.441548, "relative_strength": 4.967526, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.009776, "energy": 89.814912, "activity_lines": [ 17.518361, 17.454167, 17.109078, 16.327279 ] }, { "date": "2026-04-24", "close": 17.529318, "volume": 181900, "typical_volume": 828225.0, "trend": 15.478729, "fair_value": 14.467543, "relative_strength": 6.255749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.308026, "energy": 88.505236, "activity_lines": [ 17.537594, 17.47361, 17.223712, 16.469003 ] }, { "date": "2026-05-01", "close": 17.409859, "volume": 367500, "typical_volume": 818995.0, "trend": 15.608402, "fair_value": 14.495821, "relative_strength": 5.625031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.252775, "energy": 88.372604, "activity_lines": [ 17.500109, 17.468621, 17.305342, 16.593592 ] }, { "date": "2026-05-08", "close": 17.539186, "volume": 198200, "typical_volume": 756710.0, "trend": 15.748251, "fair_value": 14.515296, "relative_strength": 5.709812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.372822, "energy": 69.75858, "activity_lines": [ 17.508047, 17.486786, 17.377809, 16.718158 ] }, { "date": "2026-05-15", "close": 17.320322, "volume": 304800, "typical_volume": 762070.0, "trend": 15.883086, "fair_value": 14.533673, "relative_strength": 4.987625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.717691, "energy": 61.995101, "activity_lines": [ 17.439055, 17.462896, 17.408603, 16.819582 ] }, { "date": "2026-05-22", "close": 17.360117, "volume": 177100, "typical_volume": 748530.0, "trend": 16.006539, "fair_value": 14.553403, "relative_strength": 3.142058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.126305, "energy": 56.685782, "activity_lines": [ 17.403231, 17.447598, 17.423819, 16.914875 ] }, { "date": "2026-05-29", "close": 17.285437, "volume": 220400, "typical_volume": 475310.0, "trend": 16.133898, "fair_value": 14.574361, "relative_strength": 1.948096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.449706, "energy": 50.129487, "activity_lines": [ 17.354457, 17.41737, 17.413237, 16.997384 ] }, { "date": "2026-06-05", "close": 17.40513, "volume": 29200, "typical_volume": 427675.0, "trend": 16.284208, "fair_value": 14.594804, "relative_strength": 3.793258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.406296, "energy": 38.3469, "activity_lines": [ 17.361839, 17.408731, 17.414479, 17.079399 ] }, { "date": "2026-06-12", "close": 17.335308, "volume": 71100, "typical_volume": 398590.0, "trend": 16.415518, "fair_value": 14.613148, "relative_strength": 1.926163, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.07061, "energy": 34.25805, "activity_lines": [ 17.346262, 17.388113, 17.408692, 17.147212 ] }, { "date": "2026-06-19", "close": 17.365232, "volume": 59300, "typical_volume": 348875.0, "trend": 16.549133, "fair_value": 14.640547, "relative_strength": 2.145497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.023143, "energy": 28.803464, "activity_lines": [ 17.354252, 17.375559, 17.405472, 17.208484 ] }, { "date": "2026-06-26", "close": 17.391464, "volume": 44800, "typical_volume": 324450.0, "trend": 16.681821, "fair_value": 14.659971, "relative_strength": 2.30308, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.515424, "energy": 28.830738, "activity_lines": [ 17.367991, 17.372385, 17.404162, 17.262828 ] }, { "date": "2026-07-03", "close": 17.809999, "volume": 26975, "typical_volume": 305378.75, "trend": 16.842563, "fair_value": 14.682876, "relative_strength": 4.046623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.497593, "energy": 54.815907, "activity_lines": [ 17.519153, 17.447997, 17.442423, 17.335614 ] }, { "date": "2026-07-10", "close": 17.74, "volume": 489745, "typical_volume": 320566.0, "trend": 17.003924, "fair_value": 14.704167, "relative_strength": 3.545148, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 75.42223, "energy": 58.760984, "activity_lines": [ 17.612011, 17.505777, 17.471971, 17.393513 ] }, { "date": "2026-07-17", "close": 17.99, "volume": 1990235, "typical_volume": 405572.75, "trend": 17.164763, "fair_value": 14.72608, "relative_strength": 5.161839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.319987, "energy": 82.299759, "activity_lines": [ 17.765877, 17.60301, 17.523661, 17.457131 ] }, { "date": "2026-07-24", "close": 17.95, "volume": 1654930, "typical_volume": 466079.25, "trend": 17.321316, "fair_value": 14.750424, "relative_strength": 4.611773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.388194, "energy": 88.466917, "activity_lines": [ 17.862764, 17.684774, 17.568803, 17.507791 ] }, { "date": "2026-07-31", "close": 17.94, "volume": 476045, "typical_volume": 465401.5, "trend": 17.471455, "fair_value": 14.775686, "relative_strength": 4.908143, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.976406, "energy": 88.157527, "activity_lines": [ 17.917333, 17.75327, 17.61035, 17.547706 ] }, { "date": "2026-08-07", "close": 17.99, "volume": 861088, "typical_volume": 454125.9, "trend": 17.491963, "fair_value": 14.802868, "relative_strength": 1.80947, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.175522, "energy": 90.125073, "activity_lines": [ 17.952, 17.820314, 17.653543, 17.581161 ] } ], "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." } } }