{ "ticker": { "uuid": "373b60db-abef-4c2f-88c3-2bed20bbf5cc", "symbol": "AAD", "name": "Amadeus FiRe AG", "exchange": "VIE", "country": "AT", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^ATX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -33.187, "architecture_energy": 19.851, "architecture_maturity": 100.0, "architecture_confidence": 74.628, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 46.1, "rotation_up": 31.31, "upward_expansion": 21.38, "deceleration": 44.16, "rotation_down": 23.18, "downward_expansion": 55.38 }, "activity_lines": [ 22.283334, 21.8, 22.438095, 23.468495 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 21.950001, "trend_reference": 26.145, "distance_from_trend": -0.160451, "trend_direction": "Weakening", "fair_value": 71.853908, "distance_from_fair_value": -0.694519, "fair_value_direction": "Weakening", "relative_strength": -53.051093, "relative_strength_direction": "Improving", "price_momentum": -0.399453, "excess_performance": -0.5737, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.160451, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.227089, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.694519, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.010254, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.530511, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.06071, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.399453, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.551133, "read": "Supply-led" } ], "volume": { "latest": 735, "relative_activity": 1.732673, "balance": 0.551133, "dry_up": 0.820368, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.102506, "annualized_volatility": 0.549172, "from_high_reference": -0.654874, "from_low_reference": 0.156481 }, "levels": { "trend_reference": 26.145, "fair_value_reference": 71.853908, "structural_low": 18.98, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": -0.020676, "positive_rate": 0.315789, "directional_follow_through": 0.684211, "median_excess_return": -0.032758, "regime_survival": 0.894737, "best_return": 0.23753, "worst_return": -0.302211, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.143956, "positive_rate": 0.307692, "directional_follow_through": 0.692308, "median_excess_return": -0.120412, "regime_survival": 0.692308, "best_return": 0.114322, "worst_return": -0.321477, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.274674, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.157991, "regime_survival": 0.571429, "best_return": 0.149091, "worst_return": -0.408576, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.213047, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.285772, "regime_survival": 0.5, "best_return": 0.034566, "worst_return": -0.644822, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-24", "end": "2023-12-08", "tenure": "New", "return": -0.011475, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-01-12", "tenure": "Developing", "return": -0.058236, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-19", "end": "2024-02-09", "tenure": "New", "return": -0.016071, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-02-16", "end": "2024-03-15", "tenure": "Developing", "return": -0.023297, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-03-22", "end": "2024-05-03", "tenure": "Developing", "return": -0.072968, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-07-05", "tenure": "Developing", "return": -0.00738, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-03-07", "tenure": "Extended", "return": -0.212291, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.135858, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.019635, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.093407, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": 0.041444, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": -0.033877, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.016345, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2026-08-07", "tenure": "Extended", "return": -0.644822, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 97.628632, "volume": 0, "typical_volume": 0.5, "trend": 107.946759, "fair_value": 114.443166, "relative_strength": -2.838985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.488291, "energy": 51.142486, "activity_lines": [ 97.495558, 98.136738, 102.331442, 105.155029 ] }, { "date": "2023-08-25", "close": 100.89502, "volume": 0, "typical_volume": 0.5, "trend": 107.580802, "fair_value": 114.513857, "relative_strength": 0.855032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.892172, "energy": 36.72046, "activity_lines": [ 98.572256, 98.397389, 101.81183, 104.700078 ] }, { "date": "2023-09-01", "close": 100.89502, "volume": 0, "typical_volume": 0.5, "trend": 107.121472, "fair_value": 114.61167, "relative_strength": -1.515471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.838367, "energy": 30.956354, "activity_lines": [ 99.636856, 98.796614, 101.359504, 104.268738 ] }, { "date": "2023-09-08", "close": 96.721306, "volume": 0, "typical_volume": 0.5, "trend": 106.762289, "fair_value": 114.680559, "relative_strength": -4.90003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.74131, "energy": 33.928919, "activity_lines": [ 98.850504, 98.453479, 100.594475, 103.597759 ] }, { "date": "2023-09-15", "close": 95.632515, "volume": 0, "typical_volume": 0.5, "trend": 106.261767, "fair_value": 114.658933, "relative_strength": -7.248547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.623717, "energy": 39.362052, "activity_lines": [ 97.810102, 97.991567, 99.81458, 102.879709 ] }, { "date": "2023-09-22", "close": 93.817856, "volume": 0, "typical_volume": 0.5, "trend": 105.799966, "fair_value": 114.688597, "relative_strength": -8.440309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.151056, "energy": 54.079914, "activity_lines": [ 96.297888, 97.212914, 98.956707, 102.076876 ] }, { "date": "2023-09-29", "close": 101.439423, "volume": 5, "typical_volume": 0.75, "trend": 105.411306, "fair_value": 114.775796, "relative_strength": -1.560981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.062221, "energy": 38.214787, "activity_lines": [ 97.580248, 97.905785, 98.925684, 101.795551 ] }, { "date": "2023-10-06", "close": 101.257957, "volume": 16, "typical_volume": 1.55, "trend": 105.180001, "fair_value": 114.845559, "relative_strength": -0.476128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.006175, "energy": 26.142804, "activity_lines": [ 98.765825, 98.552464, 98.941239, 101.527593 ] }, { "date": "2023-10-13", "close": 99.987694, "volume": 0, "typical_volume": 1.55, "trend": 105.028907, "fair_value": 114.924537, "relative_strength": -2.75837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.613415, "energy": 17.053377, "activity_lines": [ 99.503786, 98.836211, 98.881615, 101.192605 ] }, { "date": "2023-10-20", "close": 97.265701, "volume": 0, "typical_volume": 1.55, "trend": 104.553645, "fair_value": 115.018071, "relative_strength": -2.054311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.591529, "energy": 19.36019, "activity_lines": [ 99.116657, 98.595355, 98.592133, 100.691753 ] }, { "date": "2023-10-27", "close": 101.257957, "volume": 0, "typical_volume": 1.55, "trend": 103.872978, "fair_value": 115.183304, "relative_strength": 2.285054, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.36405, "energy": 12.192469, "activity_lines": [ 99.951401, 99.086963, 98.757181, 100.479128 ] }, { "date": "2023-11-03", "close": 103.798477, "volume": 0, "typical_volume": 1.55, "trend": 103.498758, "fair_value": 115.355058, "relative_strength": -0.801421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.446635, "energy": 10.790095, "activity_lines": [ 101.136977, 99.974496, 99.196156, 100.474322 ] }, { "date": "2023-11-10", "close": 103.798477, "volume": 0, "typical_volume": 1.55, "trend": 103.001984, "fair_value": 115.454125, "relative_strength": -1.368009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.982258, "energy": 18.294595, "activity_lines": [ 102.165284, 100.809239, 99.657598, 100.493659 ] }, { "date": "2023-11-17", "close": 108.879524, "volume": 0, "typical_volume": 1.55, "trend": 102.785461, "fair_value": 115.559725, "relative_strength": 1.083976, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.642252, "energy": 57.191987, "activity_lines": [ 104.717905, 102.515019, 100.593444, 100.872855 ] }, { "date": "2023-11-24", "close": 110.694176, "volume": 0, "typical_volume": 1.55, "trend": 102.62359, "fair_value": 115.620544, "relative_strength": 3.173095, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.939666, "energy": 73.163001, "activity_lines": [ 107.282621, 104.329677, 101.664956, 101.383094 ] }, { "date": "2023-12-01", "close": 110.875641, "volume": 0, "typical_volume": 1.55, "trend": 102.485276, "fair_value": 115.685781, "relative_strength": 1.328479, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.357885, "energy": 75.504579, "activity_lines": [ 109.012594, 105.90348, 102.685485, 101.915485 ] }, { "date": "2023-12-08", "close": 109.42392, "volume": 0, "typical_volume": 1.55, "trend": 102.304406, "fair_value": 115.735203, "relative_strength": -0.253304, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.516065, "energy": 81.271327, "activity_lines": [ 109.617481, 106.903192, 103.508995, 102.363139 ] }, { "date": "2023-12-15", "close": 109.060982, "volume": 0, "typical_volume": 1.55, "trend": 102.243918, "fair_value": 115.779044, "relative_strength": -1.973401, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.280819, "energy": 76.484885, "activity_lines": [ 109.726359, 107.691743, 104.256461, 102.799047 ] }, { "date": "2023-12-22", "close": 110.694176, "volume": 0, "typical_volume": 1.05, "trend": 102.395139, "fair_value": 115.845288, "relative_strength": -1.562611, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.250039, "energy": 64.645474, "activity_lines": [ 110.028802, 108.635365, 105.087747, 103.344225 ] }, { "date": "2023-12-29", "close": 112.508842, "volume": 0, "typical_volume": 1.05, "trend": 102.383041, "fair_value": 115.912315, "relative_strength": -0.756966, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.291593, "energy": 72.30318, "activity_lines": [ 110.815156, 109.714263, 106.033099, 103.996722 ] }, { "date": "2024-01-05", "close": 107.246323, "volume": 0, "typical_volume": 1.05, "trend": 102.358846, "fair_value": 115.93042, "relative_strength": -5.203297, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.283753, "energy": 47.43066, "activity_lines": [ 109.72636, 109.559191, 106.406399, 104.310482 ] }, { "date": "2024-01-12", "close": 102.709679, "volume": 0, "typical_volume": 1.05, "trend": 102.165282, "fair_value": 115.94548, "relative_strength": -8.178798, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.212523, "energy": 23.875893, "activity_lines": [ 107.367303, 108.470396, 106.30184, 104.333117 ] }, { "date": "2024-01-19", "close": 101.620888, "volume": 0, "typical_volume": 1.05, "trend": 102.159234, "fair_value": 115.939459, "relative_strength": -7.464626, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.733822, "energy": 19.501417, "activity_lines": [ 105.092932, 107.203435, 106.084946, 104.297995 ] }, { "date": "2024-01-26", "close": 102.528214, "volume": 0, "typical_volume": 1.05, "trend": 102.207624, "fair_value": 115.981563, "relative_strength": -9.456924, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.365631, "energy": 27.236978, "activity_lines": [ 103.61701, 106.141035, 105.951006, 104.3218 ] }, { "date": "2024-02-02", "close": 101.620888, "volume": 0, "typical_volume": 1.05, "trend": 102.383042, "fair_value": 116.020021, "relative_strength": -9.639177, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.138198, "energy": 32.509127, "activity_lines": [ 102.383043, 105.029144, 105.703003, 104.283946 ] }, { "date": "2024-02-09", "close": 99.987694, "volume": 0, "typical_volume": 1.05, "trend": 102.431433, "fair_value": 116.004615, "relative_strength": -8.847869, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.030375, "energy": 50.61377, "activity_lines": [ 101.330541, 103.785279, 105.270942, 104.129407 ] }, { "date": "2024-02-16", "close": 101.257957, "volume": 0, "typical_volume": 0.8, "trend": 102.449579, "fair_value": 116.007115, "relative_strength": -8.880846, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.63975, "energy": 54.891638, "activity_lines": [ 101.185369, 102.970333, 104.930478, 104.053699 ] }, { "date": "2024-02-23", "close": 98.71743, "volume": 0, "typical_volume": 0.0, "trend": 102.60685, "fair_value": 115.99767, "relative_strength": -10.487611, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.74902, "energy": 62.217781, "activity_lines": [ 100.290137, 101.841945, 104.348922, 103.812915 ] }, { "date": "2024-03-01", "close": 99.08036, "volume": 0, "typical_volume": 0.0, "trend": 102.631045, "fair_value": 115.943901, "relative_strength": -9.85238, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.228208, "energy": 59.601213, "activity_lines": [ 99.709444, 100.967608, 103.81403, 103.5854 ] }, { "date": "2024-03-08", "close": 96.721306, "volume": 0, "typical_volume": 0.0, "trend": 102.600801, "fair_value": 115.852227, "relative_strength": -11.853229, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.172477, "energy": 70.843571, "activity_lines": [ 98.572258, 99.875514, 103.058786, 103.204126 ] }, { "date": "2024-03-15", "close": 98.898903, "volume": 0, "typical_volume": 0.0, "trend": 102.643144, "fair_value": 115.74739, "relative_strength": -10.46748, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.2792, "energy": 62.482443, "activity_lines": [ 98.487576, 99.466392, 102.513525, 102.965294 ] }, { "date": "2024-03-22", "close": 109.42392, "volume": 0, "typical_volume": 0.0, "trend": 102.92744, "fair_value": 115.766435, "relative_strength": -3.144392, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.401003, "energy": 12.798473, "activity_lines": [ 101.983819, 101.12268, 102.98188, 103.402764 ] }, { "date": "2024-03-29", "close": 108.879524, "volume": 0, "typical_volume": 0.0, "trend": 103.19359, "fair_value": 115.760293, "relative_strength": -4.211939, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.299174, "energy": 27.640424, "activity_lines": [ 104.754199, 102.557911, 103.3716, 103.786769 ] }, { "date": "2024-04-05", "close": 106.8834, "volume": 2, "typical_volume": 0.1, "trend": 103.532327, "fair_value": 115.690366, "relative_strength": -6.443364, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.838344, "energy": 35.392497, "activity_lines": [ 106.181731, 103.498235, 103.547017, 104.024821 ] }, { "date": "2024-04-12", "close": 112.145897, "volume": 0, "typical_volume": 0.1, "trend": 104.082773, "fair_value": 115.619457, "relative_strength": -1.221695, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.984413, "energy": 61.224398, "activity_lines": [ 108.843227, 105.316191, 104.23313, 104.580535 ] }, { "date": "2024-04-19", "close": 105.431664, "volume": 0, "typical_volume": 0.1, "trend": 104.4699, "fair_value": 115.469706, "relative_strength": -6.349231, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.975576, "energy": 56.496674, "activity_lines": [ 108.238338, 105.722013, 104.272879, 104.667561 ] }, { "date": "2024-04-26", "close": 104.524338, "volume": 0, "typical_volume": 0.1, "trend": 104.57273, "fair_value": 115.35211, "relative_strength": -7.113758, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.781297, "energy": 32.927172, "activity_lines": [ 106.895491, 105.863886, 104.25214, 104.671073 ] }, { "date": "2024-05-03", "close": 101.439423, "volume": 0, "typical_volume": 0.1, "trend": 104.578779, "fair_value": 115.199551, "relative_strength": -10.518948, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -15.291108, "energy": 11.270126, "activity_lines": [ 104.850977, 105.385477, 103.960931, 104.468924 ] }, { "date": "2024-05-10", "close": 102.891144, "volume": 0, "typical_volume": 0.1, "trend": 104.675561, "fair_value": 115.050873, "relative_strength": -11.145684, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.99574, "energy": 19.979653, "activity_lines": [ 103.786377, 105.121526, 103.844274, 104.360044 ] }, { "date": "2024-05-17", "close": 103.080978, "volume": 0, "typical_volume": 0.1, "trend": 104.869403, "fair_value": 114.890394, "relative_strength": -12.090913, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.707992, "energy": 28.65919, "activity_lines": [ 103.051205, 104.822804, 103.782854, 104.257168 ] }, { "date": "2024-05-24", "close": 105.92852, "volume": 0, "typical_volume": 0.1, "trend": 105.025089, "fair_value": 114.733175, "relative_strength": -9.241443, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.208321, "energy": 19.756526, "activity_lines": [ 103.869542, 104.926186, 104.037523, 104.325498 ] }, { "date": "2024-05-31", "close": 105.548843, "volume": 0, "typical_volume": 0.1, "trend": 105.083434, "fair_value": 114.577907, "relative_strength": -7.707468, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.68992, "energy": 10.121339, "activity_lines": [ 104.528196, 104.832724, 104.262307, 104.359289 ] }, { "date": "2024-06-07", "close": 105.738686, "volume": 0, "typical_volume": 0.1, "trend": 105.148108, "fair_value": 114.390976, "relative_strength": -6.486358, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.912676, "energy": 11.425218, "activity_lines": [ 105.181831, 104.844236, 104.491652, 104.401563 ] }, { "date": "2024-06-14", "close": 101.372459, "volume": 0, "typical_volume": 0.1, "trend": 104.897872, "fair_value": 114.213321, "relative_strength": -6.884031, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.358842, "energy": 15.928081, "activity_lines": [ 104.093439, 104.118994, 104.285558, 104.157973 ] }, { "date": "2024-06-21", "close": 102.32164, "volume": 0, "typical_volume": 0.1, "trend": 104.618788, "fair_value": 114.037365, "relative_strength": -7.228536, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.576466, "energy": 19.847663, "activity_lines": [ 103.422687, 103.666529, 104.175365, 103.991764 ] }, { "date": "2024-06-28", "close": 100.802948, "volume": 63, "typical_volume": 3.25, "trend": 104.283032, "fair_value": 113.820987, "relative_strength": -8.823263, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.211187, "energy": 44.286588, "activity_lines": [ 102.296326, 103.116562, 103.917197, 103.745581 ] }, { "date": "2024-07-05", "close": 102.131798, "volume": 0, "typical_volume": 3.25, "trend": 104.039961, "fair_value": 113.613127, "relative_strength": -9.898565, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.090225, "energy": 45.170854, "activity_lines": [ 101.95462, 102.892362, 103.781705, 103.606792 ] }, { "date": "2024-07-12", "close": 101.941963, "volume": 0, "typical_volume": 3.25, "trend": 103.80266, "fair_value": 113.410626, "relative_strength": -9.803411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.832421, "energy": 47.127379, "activity_lines": [ 101.777439, 102.677147, 103.623972, 103.471437 ] }, { "date": "2024-07-19", "close": 99.094429, "volume": 0, "typical_volume": 3.25, "trend": 103.416002, "fair_value": 113.147127, "relative_strength": -11.254373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.278028, "energy": 59.515639, "activity_lines": [ 100.904195, 101.935062, 103.17969, 103.16768 ] }, { "date": "2024-07-26", "close": 89.412781, "volume": 44, "typical_volume": 5.45, "trend": 102.646133, "fair_value": 112.793071, "relative_strength": -19.674989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.38173, "energy": 84.552386, "activity_lines": [ 96.955604, 99.501708, 101.81328, 102.264247 ] }, { "date": "2024-08-02", "close": 90.267044, "volume": 0, "typical_volume": 5.45, "trend": 102.080157, "fair_value": 112.458739, "relative_strength": -15.306503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.823663, "energy": 92.9516, "activity_lines": [ 94.152357, 97.472188, 100.563031, 101.465596 ] }, { "date": "2024-08-09", "close": 89.222946, "volume": 70, "typical_volume": 8.95, "trend": 101.6306, "fair_value": 112.070586, "relative_strength": -16.778064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.984671, "energy": 92.913257, "activity_lines": [ 91.703471, 95.537585, 99.254447, 100.636098 ] }, { "date": "2024-08-16", "close": 90.456886, "volume": 0, "typical_volume": 8.95, "trend": 101.258466, "fair_value": 111.710071, "relative_strength": -16.81833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.654443, "energy": 88.457159, "activity_lines": [ 90.526489, 94.12417, 98.159577, 99.915213 ] }, { "date": "2024-08-23", "close": 90.551804, "volume": 0, "typical_volume": 8.85, "trend": 100.859252, "fair_value": 111.337012, "relative_strength": -17.7157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.855895, "energy": 87.142847, "activity_lines": [ 90.146818, 93.005864, 97.161474, 99.224461 ] }, { "date": "2024-08-30", "close": 88.843277, "volume": 0, "typical_volume": 8.85, "trend": 100.433332, "fair_value": 110.923409, "relative_strength": -19.726129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.637046, "energy": 80.507261, "activity_lines": [ 89.767146, 91.773655, 96.078423, 98.449237 ] }, { "date": "2024-09-06", "close": 87.229668, "volume": 0, "typical_volume": 8.85, "trend": 100.008065, "fair_value": 110.523575, "relative_strength": -17.571607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.685332, "energy": 68.774044, "activity_lines": [ 88.887572, 90.493124, 94.95266, 97.597387 ] }, { "date": "2024-09-13", "close": 87.51442, "volume": 0, "typical_volume": 8.85, "trend": 99.549947, "fair_value": 110.140909, "relative_strength": -17.484043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.133656, "energy": 66.443332, "activity_lines": [ 88.305406, 89.511153, 93.940693, 96.791346 ] }, { "date": "2024-09-20", "close": 88.083939, "volume": 0, "typical_volume": 8.85, "trend": 99.195497, "fair_value": 109.753127, "relative_strength": -16.949032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.869055, "energy": 63.230439, "activity_lines": [ 88.026982, 88.898502, 93.063965, 96.051603 ] }, { "date": "2024-09-27", "close": 88.4636, "volume": 0, "typical_volume": 8.85, "trend": 98.841605, "fair_value": 109.363394, "relative_strength": -16.908089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.715835, "energy": 59.437567, "activity_lines": [ 88.033309, 88.606844, 92.286993, 95.359223 ] }, { "date": "2024-10-04", "close": 85.900818, "volume": 0, "typical_volume": 8.85, "trend": 98.480922, "fair_value": 108.94737, "relative_strength": -17.984428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.56002, "energy": 60.916588, "activity_lines": [ 87.324588, 88.042513, 91.334649, 94.524334 ] }, { "date": "2024-10-11", "close": 86.375404, "volume": 0, "typical_volume": 8.85, "trend": 98.063472, "fair_value": 108.480683, "relative_strength": -17.225832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.723695, "energy": 57.176885, "activity_lines": [ 86.970226, 87.628325, 90.509313, 93.743332 ] }, { "date": "2024-10-18", "close": 78.497208, "volume": 0, "typical_volume": 8.85, "trend": 97.032582, "fair_value": 107.950343, "relative_strength": -24.514644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.671318, "energy": 69.861759, "activity_lines": [ 84.04675, 85.852494, 89.026784, 92.480993 ] }, { "date": "2024-10-25", "close": 77.168365, "volume": 162, "typical_volume": 16.95, "trend": 95.975543, "fair_value": 107.340793, "relative_strength": -24.266382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.130839, "energy": 93.871107, "activity_lines": [ 81.281474, 84.030069, 87.546515, 91.19943 ] }, { "date": "2024-11-01", "close": 74.890327, "volume": 282, "typical_volume": 31.05, "trend": 94.909107, "fair_value": 106.755549, "relative_strength": -24.788238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.303538, "energy": 94.919335, "activity_lines": [ 78.484556, 82.035065, 85.98534, 89.839094 ] }, { "date": "2024-11-08", "close": 80.300652, "volume": 129, "typical_volume": 37.5, "trend": 93.847599, "fair_value": 106.238962, "relative_strength": -19.306565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.073009, "energy": 87.208948, "activity_lines": [ 78.395966, 81.308511, 85.065539, 88.896613 ] }, { "date": "2024-11-15", "close": 74.225899, "volume": 0, "typical_volume": 34.35, "trend": 92.807407, "fair_value": 105.691106, "relative_strength": -24.892924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.331554, "energy": 89.301067, "activity_lines": [ 76.655801, 79.632776, 83.672052, 87.630697 ] }, { "date": "2024-11-22", "close": 73.181801, "volume": 0, "typical_volume": 34.35, "trend": 91.762656, "fair_value": 105.214373, "relative_strength": -24.770268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.578896, "energy": 70.911319, "activity_lines": [ 75.377572, 78.003637, 82.305684, 86.364529 ] }, { "date": "2024-11-29", "close": 73.46656, "volume": 0, "typical_volume": 34.35, "trend": 90.830227, "fair_value": 104.724121, "relative_strength": -23.945731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.387421, "energy": 67.810966, "activity_lines": [ 74.548622, 76.686866, 81.104293, 85.184135 ] }, { "date": "2024-12-06", "close": 74.79541, "volume": 0, "typical_volume": 34.35, "trend": 89.893702, "fair_value": 104.25554, "relative_strength": -22.873651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.614967, "energy": 65.097046, "activity_lines": [ 74.40941, 75.877475, 80.165057, 84.149631 ] }, { "date": "2024-12-13", "close": 74.510651, "volume": 0, "typical_volume": 32.15, "trend": 88.941358, "fair_value": 103.811437, "relative_strength": -23.873011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.44897, "energy": 62.272685, "activity_lines": [ 74.181605, 75.264821, 79.31441, 83.157176 ] }, { "date": "2024-12-20", "close": 72.23262, "volume": 0, "typical_volume": 32.15, "trend": 87.818162, "fair_value": 103.315468, "relative_strength": -24.331879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.997172, "energy": 63.095112, "activity_lines": [ 73.580457, 74.445074, 78.317771, 82.079193 ] }, { "date": "2024-12-27", "close": 72.897049, "volume": 0, "typical_volume": 28.65, "trend": 86.729768, "fair_value": 102.78759, "relative_strength": -23.798564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.834382, "energy": 58.139498, "activity_lines": [ 73.333671, 74.003274, 77.470289, 81.116541 ] }, { "date": "2025-01-03", "close": 73.276718, "volume": 0, "typical_volume": 28.65, "trend": 85.647703, "fair_value": 102.322425, "relative_strength": -23.201587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.558606, "energy": 55.645872, "activity_lines": [ 73.232424, 73.732326, 76.736708, 80.248602 ] }, { "date": "2025-01-10", "close": 73.941147, "volume": 0, "typical_volume": 28.65, "trend": 84.733326, "fair_value": 101.871384, "relative_strength": -21.946521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.327424, "energy": 52.205753, "activity_lines": [ 73.36531, 73.65294, 76.148216, 79.49334 ] }, { "date": "2025-01-17", "close": 74.605568, "volume": 98, "typical_volume": 33.55, "trend": 83.809457, "fair_value": 101.45529, "relative_strength": -23.326881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.018428, "energy": 45.885941, "activity_lines": [ 73.77662, 73.711616, 75.702101, 78.839936 ] }, { "date": "2025-01-24", "close": 74.890327, "volume": 50, "typical_volume": 36.05, "trend": 82.945703, "fair_value": 101.065132, "relative_strength": -23.74868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.805583, "energy": 38.37927, "activity_lines": [ 74.276522, 73.925613, 75.350904, 78.264509 ] }, { "date": "2025-01-31", "close": 75.080162, "volume": 0, "typical_volume": 36.05, "trend": 82.043981, "fair_value": 100.625776, "relative_strength": -23.351436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.37094, "energy": 31.723463, "activity_lines": [ 74.662522, 74.162045, 75.076546, 77.757055 ] }, { "date": "2025-02-07", "close": 75.459831, "volume": 50, "typical_volume": 38.55, "trend": 81.161244, "fair_value": 100.183374, "relative_strength": -22.657749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.665336, "energy": 25.409346, "activity_lines": [ 75.029538, 74.432993, 74.897557, 77.332271 ] }, { "date": "2025-02-14", "close": 72.707207, "volume": 10, "typical_volume": 39.05, "trend": 80.28167, "fair_value": 99.760591, "relative_strength": -28.558419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.727264, "energy": 34.901399, "activity_lines": [ 74.333471, 74.167222, 74.516529, 76.786849 ] }, { "date": "2025-02-21", "close": 73.751305, "volume": 196, "typical_volume": 48.85, "trend": 79.75962, "fair_value": 99.434372, "relative_strength": -26.282832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.016073, "energy": 35.899527, "activity_lines": [ 74.0677, 74.129254, 74.309969, 76.365535 ] }, { "date": "2025-02-28", "close": 72.897049, "volume": 98, "typical_volume": 53.75, "trend": 79.180621, "fair_value": 99.145422, "relative_strength": -28.222178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.08472, "energy": 41.040388, "activity_lines": [ 73.574127, 73.949773, 74.079906, 75.922789 ] }, { "date": "2025-03-07", "close": 80.300652, "volume": 153, "typical_volume": 61.4, "trend": 78.883211, "fair_value": 98.928042, "relative_strength": -22.963246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.525028, "energy": 6.537498, "activity_lines": [ 75.681308, 75.104321, 74.619131, 75.995049 ] }, { "date": "2025-03-14", "close": 85.236397, "volume": 98, "typical_volume": 58.2, "trend": 78.709194, "fair_value": 98.67435, "relative_strength": -17.766475, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.218332, "energy": 40.950947, "activity_lines": [ 79.085704, 77.021667, 75.619838, 76.404932 ] }, { "date": "2025-03-21", "close": 76.409012, "volume": 98, "typical_volume": 49.0, "trend": 78.237768, "fair_value": 98.375033, "relative_strength": -24.821212, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.181023, "energy": 27.421836, "activity_lines": [ 78.895867, 77.116585, 75.741424, 76.256533 ] }, { "date": "2025-03-28", "close": 73.656387, "volume": 0, "typical_volume": 42.55, "trend": 77.731538, "fair_value": 98.046014, "relative_strength": -25.284598, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -18.210227, "energy": 23.765854, "activity_lines": [ 77.541702, 76.666155, 75.593622, 75.96096 ] }, { "date": "2025-04-04", "close": 67.676559, "volume": 97, "typical_volume": 47.4, "trend": 77.079768, "fair_value": 97.699487, "relative_strength": -23.062371, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.905934, "energy": 24.676335, "activity_lines": [ 74.200588, 75.145741, 74.907953, 75.312251 ] }, { "date": "2025-04-11", "close": 66.347702, "volume": 0, "typical_volume": 47.4, "trend": 76.374211, "fair_value": 97.367457, "relative_strength": -22.756882, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.252589, "energy": 51.652697, "activity_lines": [ 70.764555, 73.514877, 74.126913, 74.61986 ] }, { "date": "2025-04-18", "close": 69.100327, "volume": 0, "typical_volume": 47.4, "trend": 75.741424, "fair_value": 97.034441, "relative_strength": -22.878094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.716016, "energy": 59.69713, "activity_lines": [ 69.17626, 72.543262, 73.640571, 74.150577 ] }, { "date": "2025-04-25", "close": 70.903763, "volume": 0, "typical_volume": 47.4, "trend": 75.156096, "fair_value": 96.760113, "relative_strength": -22.922727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.131066, "energy": 64.95804, "activity_lines": [ 69.264849, 72.015171, 73.346777, 73.83847 ] }, { "date": "2025-05-02", "close": 71.852943, "volume": 0, "typical_volume": 47.4, "trend": 74.687833, "fair_value": 96.532421, "relative_strength": -22.285979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.80807, "energy": 57.370909, "activity_lines": [ 70.036847, 71.692449, 73.161912, 73.625363 ] }, { "date": "2025-05-09", "close": 71.568199, "volume": 0, "typical_volume": 47.4, "trend": 74.19426, "fair_value": 96.295233, "relative_strength": -25.292652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.326322, "energy": 29.054728, "activity_lines": [ 70.834161, 71.352471, 72.962585, 73.424097 ] }, { "date": "2025-05-16", "close": 75.554749, "volume": 0, "typical_volume": 47.4, "trend": 74.096178, "fair_value": 96.05344, "relative_strength": -22.694676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.260973, "energy": 13.145463, "activity_lines": [ 72.700882, 71.761481, 73.146093, 73.51187 ] }, { "date": "2025-05-23", "close": 74.800003, "volume": 13, "typical_volume": 48.05, "trend": 74.017233, "fair_value": 95.802321, "relative_strength": -21.750408, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.990533, "energy": 15.903577, "activity_lines": [ 73.702217, 72.119554, 73.245065, 73.557278 ] }, { "date": "2025-05-30", "close": 74.900002, "volume": 0, "typical_volume": 48.05, "trend": 74.017555, "fair_value": 95.52603, "relative_strength": -21.602643, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.865022, "energy": 12.014066, "activity_lines": [ 74.356907, 72.68556, 73.346306, 73.614231 ] }, { "date": "2025-06-06", "close": 74.400002, "volume": 97, "typical_volume": 48.0, "trend": 73.820867, "fair_value": 95.289181, "relative_strength": -21.664372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.499281, "energy": 13.716427, "activity_lines": [ 74.578515, 73.188095, 73.395363, 73.638905 ] }, { "date": "2025-06-13", "close": 77.599998, "volume": 97, "typical_volume": 50.35, "trend": 73.933337, "fair_value": 95.118858, "relative_strength": -15.708416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.079613, "energy": 28.758934, "activity_lines": [ 75.696984, 74.258926, 73.75016, 73.88272 ] }, { "date": "2025-06-20", "close": 77.900002, "volume": 0, "typical_volume": 50.35, "trend": 74.09061, "fair_value": 94.943725, "relative_strength": -14.162603, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.09849, "energy": 54.175979, "activity_lines": [ 76.513334, 75.203878, 74.120626, 74.138634 ] }, { "date": "2025-06-27", "close": 79.699997, "volume": 97, "typical_volume": 52.7, "trend": 74.298391, "fair_value": 94.777885, "relative_strength": -13.063352, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.649007, "energy": 69.894698, "activity_lines": [ 77.773333, 76.266059, 74.649092, 74.50053 ] }, { "date": "2025-07-04", "close": 78.199997, "volume": 95, "typical_volume": 56.95, "trend": 74.411877, "fair_value": 94.584474, "relative_strength": -13.247292, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.926044, "energy": 69.835079, "activity_lines": [ 78.206665, 76.862792, 75.014509, 74.752246 ] }, { "date": "2025-07-11", "close": 79.099998, "volume": 190, "typical_volume": 56.65, "trend": 74.564856, "fair_value": 94.388976, "relative_strength": -13.384609, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.76288, "energy": 69.765884, "activity_lines": [ 78.719998, 77.490503, 75.439485, 75.054706 ] }, { "date": "2025-07-18", "close": 77.0, "volume": 286, "typical_volume": 66.05, "trend": 74.723768, "fair_value": 94.167671, "relative_strength": -14.938506, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.327423, "energy": 55.155143, "activity_lines": [ 78.219999, 77.604631, 75.638991, 75.211812 ] }, { "date": "2025-07-25", "close": 67.300003, "volume": 18, "typical_volume": 59.3, "trend": 74.5372, "fair_value": 93.987437, "relative_strength": -26.440543, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -17.437036, "energy": 16.017676, "activity_lines": [ 74.526667, 75.856363, 74.89515, 74.732859 ] }, { "date": "2025-08-01", "close": 66.199997, "volume": 0, "typical_volume": 54.4, "trend": 74.301309, "fair_value": 93.796784, "relative_strength": -24.946039, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.112528, "energy": 52.559597, "activity_lines": [ 71.173333, 74.058181, 74.108454, 74.194975 ] }, { "date": "2025-08-08", "close": 61.799999, "volume": 213, "typical_volume": 60.15, "trend": 73.896605, "fair_value": 93.558848, "relative_strength": -33.070803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.966048, "energy": 83.462403, "activity_lines": [ 67.253333, 71.616363, 72.993361, 73.388439 ] }, { "date": "2025-08-15", "close": 60.299999, "volume": 0, "typical_volume": 60.15, "trend": 73.419752, "fair_value": 93.32813, "relative_strength": -35.593088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.609506, "energy": 94.525771, "activity_lines": [ 63.926666, 69.139999, 71.804976, 72.511239 ] }, { "date": "2025-08-22", "close": 63.400002, "volume": 95, "typical_volume": 60.05, "trend": 73.036741, "fair_value": 93.166665, "relative_strength": -30.655613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.761794, "energy": 87.822572, "activity_lines": [ 62.886667, 67.483636, 70.975433, 71.864803 ] }, { "date": "2025-08-29", "close": 60.5, "volume": 0, "typical_volume": 60.05, "trend": 72.550736, "fair_value": 92.991099, "relative_strength": -30.613411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.370862, "energy": 90.947099, "activity_lines": [ 61.786667, 65.558182, 69.890063, 71.055981 ] }, { "date": "2025-09-05", "close": 58.599998, "volume": 307, "typical_volume": 75.4, "trend": 71.988742, "fair_value": 92.824678, "relative_strength": -31.741084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.02366, "energy": 90.04247, "activity_lines": [ 60.506666, 63.603636, 68.651586, 70.155933 ] }, { "date": "2025-09-12", "close": 53.599998, "volume": 189, "typical_volume": 84.85, "trend": 71.351835, "fair_value": 92.650895, "relative_strength": -37.419645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.551426, "energy": 88.083433, "activity_lines": [ 58.066666, 61.123636, 66.986921, 68.969563 ] }, { "date": "2025-09-19", "close": 53.900002, "volume": 95, "typical_volume": 89.6, "trend": 70.690125, "fair_value": 92.512703, "relative_strength": -35.957359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.735507, "energy": 87.837548, "activity_lines": [ 56.273333, 59.145454, 65.433227, 67.843638 ] }, { "date": "2025-09-26", "close": 51.400002, "volume": 134, "typical_volume": 96.3, "trend": 69.973556, "fair_value": 92.369709, "relative_strength": -38.402368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.481024, "energy": 91.688091, "activity_lines": [ 54.073334, 57.170909, 63.726927, 66.599114 ] }, { "date": "2025-10-03", "close": 50.799999, "volume": 148, "typical_volume": 103.7, "trend": 68.990201, "fair_value": 92.19874, "relative_strength": -39.583462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.921132, "energy": 91.601279, "activity_lines": [ 52.473334, 55.552727, 62.059524, 65.362111 ] }, { "date": "2025-10-10", "close": 54.700001, "volume": 0, "typical_volume": 103.05, "trend": 67.972321, "fair_value": 92.043792, "relative_strength": -32.799428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.711197, "energy": 70.975205, "activity_lines": [ 52.820001, 54.943637, 60.881428, 64.440162 ] }, { "date": "2025-10-17", "close": 54.099998, "volume": 0, "typical_volume": 103.05, "trend": 67.228688, "fair_value": 91.872653, "relative_strength": -31.512373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.594893, "energy": 64.720834, "activity_lines": [ 53.226666, 54.434545, 59.741904, 63.545174 ] }, { "date": "2025-10-24", "close": 54.700001, "volume": 148, "typical_volume": 105.6, "trend": 66.596808, "fair_value": 91.638585, "relative_strength": -31.305513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.272016, "energy": 61.825089, "activity_lines": [ 53.8, 54.174546, 58.758571, 62.736871 ] }, { "date": "2025-10-31", "close": 52.599998, "volume": 0, "typical_volume": 100.75, "trend": 66.094256, "fair_value": 91.39891, "relative_strength": -35.140738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.083778, "energy": 59.583355, "activity_lines": [ 53.619999, 53.634545, 57.669047, 61.833851 ] }, { "date": "2025-11-07", "close": 48.299999, "volume": 296, "typical_volume": 115.55, "trend": 65.492666, "fair_value": 91.054234, "relative_strength": -38.898717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.255597, "energy": 68.185515, "activity_lines": [ 51.926666, 52.50909, 56.289047, 60.685835 ] }, { "date": "2025-11-14", "close": 50.099998, "volume": 213, "typical_volume": 121.35, "trend": 64.859322, "fair_value": 90.739053, "relative_strength": -37.150195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.264789, "energy": 64.313531, "activity_lines": [ 50.999999, 51.932727, 55.221428, 59.692759 ] }, { "date": "2025-11-21", "close": 48.650002, "volume": 888, "typical_volume": 161.0, "trend": 64.11753, "fair_value": 90.423556, "relative_strength": -37.376695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.785853, "energy": 67.609923, "activity_lines": [ 49.896666, 51.247272, 54.156666, 58.646997 ] }, { "date": "2025-11-28", "close": 44.75, "volume": 0, "typical_volume": 151.5, "trend": 63.214098, "fair_value": 90.040412, "relative_strength": -44.150414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.595191, "energy": 85.950395, "activity_lines": [ 47.856667, 49.942727, 52.86119, 57.397479 ] }, { "date": "2025-12-05", "close": 43.0, "volume": 148, "typical_volume": 144.6, "trend": 62.261825, "fair_value": 89.683085, "relative_strength": -46.293999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.06086, "energy": 90.312104, "activity_lines": [ 45.896667, 48.486363, 51.562619, 56.093343 ] }, { "date": "2025-12-12", "close": 43.400002, "volume": 248, "typical_volume": 156.1, "trend": 61.19, "fair_value": 89.301387, "relative_strength": -45.224019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.105124, "energy": 90.452351, "activity_lines": [ 44.710001, 47.255455, 50.464048, 54.876451 ] }, { "date": "2025-12-19", "close": 41.950001, "volume": 118, "typical_volume": 162.0, "trend": 60.095, "fair_value": 88.916006, "relative_strength": -47.597099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.03339, "energy": 90.9458, "activity_lines": [ 43.366668, 45.895455, 49.341191, 53.635161 ] }, { "date": "2025-12-26", "close": 41.450001, "volume": 0, "typical_volume": 151.35, "trend": 58.98, "fair_value": 88.529665, "relative_strength": -47.543201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.266767, "energy": 89.804247, "activity_lines": [ 42.400001, 44.676364, 48.286191, 52.432258 ] }, { "date": "2026-01-02", "close": 42.0, "volume": 0, "typical_volume": 151.35, "trend": 57.9, "fair_value": 88.119914, "relative_strength": -47.059049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.071472, "energy": 74.263492, "activity_lines": [ 42.096667, 43.787273, 47.380476, 51.336774 ] }, { "date": "2026-01-09", "close": 43.549999, "volume": 190, "typical_volume": 156.1, "trend": 56.765, "fair_value": 87.685308, "relative_strength": -44.754792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.67005, "energy": 66.851284, "activity_lines": [ 42.493333, 43.410909, 46.709524, 50.410968 ] }, { "date": "2026-01-16", "close": 42.150002, "volume": 12, "typical_volume": 156.7, "trend": 55.573333, "fair_value": 87.229383, "relative_strength": -46.33562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.911002, "energy": 65.614674, "activity_lines": [ 42.386667, 42.944546, 45.999762, 49.468065 ] }, { "date": "2026-01-23", "close": 40.700001, "volume": 178, "typical_volume": 150.25, "trend": 54.273333, "fair_value": 86.773141, "relative_strength": -47.794071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.862331, "energy": 66.399755, "activity_lines": [ 41.880001, 42.326364, 45.239286, 48.508495 ] }, { "date": "2026-01-30", "close": 38.150002, "volume": 538, "typical_volume": 167.7, "trend": 52.938333, "fair_value": 86.282597, "relative_strength": -50.970914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.951849, "energy": 70.518717, "activity_lines": [ 40.606668, 41.415456, 44.321191, 47.46828 ] }, { "date": "2026-02-06", "close": 36.549999, "volume": 135, "typical_volume": 169.7, "trend": 51.52, "fair_value": 85.82781, "relative_strength": -52.67769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.034037, "energy": 73.589218, "activity_lines": [ 39.020001, 40.404546, 43.324286, 46.410968 ] }, { "date": "2026-02-13", "close": 33.849998, "volume": 1312, "typical_volume": 228.6, "trend": 50.081667, "fair_value": 85.335514, "relative_strength": -55.092235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.019811, "energy": 91.706586, "activity_lines": [ 36.896666, 39.051818, 42.152857, 45.270968 ] }, { "date": "2026-02-20", "close": 28.4, "volume": 2750, "typical_volume": 358.7, "trend": 48.785, "fair_value": 84.827361, "relative_strength": -62.811066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.552834, "energy": 98.049634, "activity_lines": [ 33.603333, 36.874546, 40.545953, 43.872151 ] }, { "date": "2026-02-27", "close": 29.15, "volume": 1401, "typical_volume": 428.75, "trend": 47.55, "fair_value": 84.289225, "relative_strength": -60.399393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.231481, "energy": 95.22074, "activity_lines": [ 31.476666, 35.106364, 39.117143, 42.605376 ] }, { "date": "2026-03-06", "close": 27.450001, "volume": 1537, "typical_volume": 505.6, "trend": 46.405, "fair_value": 83.771615, "relative_strength": -59.836262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.140895, "energy": 94.885079, "activity_lines": [ 29.553333, 33.261818, 37.648096, 41.308602 ] }, { "date": "2026-03-13", "close": 26.15, "volume": 703, "typical_volume": 533.35, "trend": 45.266667, "fair_value": 83.26924, "relative_strength": -59.808069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.175594, "energy": 94.152838, "activity_lines": [ 27.91, 31.435455, 36.182143, 40.001828 ] }, { "date": "2026-03-20", "close": 24.15, "volume": 0, "typical_volume": 533.35, "trend": 43.958333, "fair_value": 82.709153, "relative_strength": -61.600543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.436226, "energy": 94.267489, "activity_lines": [ 26.293334, 29.533636, 34.661667, 38.639463 ] }, { "date": "2026-03-27", "close": 22.799999, "volume": 221, "typical_volume": 529.6, "trend": 42.701667, "fair_value": 82.07532, "relative_strength": -63.497663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.287487, "energy": 85.908394, "activity_lines": [ 24.873333, 27.739091, 33.148095, 37.274409 ] }, { "date": "2026-04-03", "close": 23.0, "volume": 102, "typical_volume": 524.05, "trend": 41.515, "fair_value": 81.485416, "relative_strength": -63.62359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.895802, "energy": 71.511719, "activity_lines": [ 23.893333, 26.332727, 31.775, 36.003333 ] }, { "date": "2026-04-10", "close": 22.700001, "volume": 222, "typical_volume": 490.75, "trend": 40.485, "fair_value": 80.87002, "relative_strength": -65.499561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.020882, "energy": 70.364045, "activity_lines": [ 23.223333, 25.193636, 30.502381, 34.789463 ] }, { "date": "2026-04-17", "close": 25.299999, "volume": 297, "typical_volume": 505.6, "trend": 39.531667, "fair_value": 80.292615, "relative_strength": -61.603322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.94385, "energy": 67.360024, "activity_lines": [ 23.736666, 24.808182, 29.600952, 33.809785 ] }, { "date": "2026-04-24", "close": 24.25, "volume": 222, "typical_volume": 509.3, "trend": 38.626667, "fair_value": 79.707356, "relative_strength": -60.994708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.9591, "energy": 65.355611, "activity_lines": [ 23.956667, 24.436364, 28.692143, 32.823871 ] }, { "date": "2026-05-01", "close": 24.049999, "volume": 694, "typical_volume": 531.6, "trend": 37.735, "fair_value": 79.124183, "relative_strength": -60.658727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.545157, "energy": 63.395334, "activity_lines": [ 24.103333, 24.202727, 27.853571, 31.883441 ] }, { "date": "2026-05-08", "close": 24.799999, "volume": 841, "typical_volume": 567.75, "trend": 36.738333, "fair_value": 78.546939, "relative_strength": -59.122109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.769209, "energy": 55.130471, "activity_lines": [ 24.416666, 24.184545, 27.178571, 31.048925 ] }, { "date": "2026-05-15", "close": 22.9, "volume": 664, "typical_volume": 600.95, "trend": 35.698333, "fair_value": 77.982993, "relative_strength": -61.150805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.707916, "energy": 59.980877, "activity_lines": [ 23.976666, 23.9, 26.404286, 30.156129 ] }, { "date": "2026-05-22", "close": 25.950001, "volume": 791, "typical_volume": 640.5, "trend": 34.74, "fair_value": 77.468842, "relative_strength": -55.80499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.509876, "energy": 53.256804, "activity_lines": [ 24.54, 24.252727, 26.008809, 29.527204 ] }, { "date": "2026-05-29", "close": 25.200001, "volume": 596, "typical_volume": 660.8, "trend": 33.826667, "fair_value": 76.906844, "relative_strength": -57.165662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.690272, "energy": 47.794576, "activity_lines": [ 24.81, 24.472727, 25.618333, 28.911721 ] }, { "date": "2026-06-05", "close": 23.6, "volume": 96, "typical_volume": 665.0, "trend": 33.003334, "fair_value": 76.365996, "relative_strength": -58.38438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.865905, "energy": 49.071786, "activity_lines": [ 24.483334, 24.382727, 25.162857, 28.251936 ] }, { "date": "2026-06-12", "close": 20.65, "volume": 1044, "typical_volume": 708.3, "trend": 32.021667, "fair_value": 75.802749, "relative_strength": -63.508706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.141751, "energy": 59.999622, "activity_lines": [ 23.203334, 23.741818, 24.514762, 27.454946 ] }, { "date": "2026-06-19", "close": 20.75, "volume": 444, "typical_volume": 703.6, "trend": 31.091667, "fair_value": 75.283182, "relative_strength": -63.700307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.034645, "energy": 66.307243, "activity_lines": [ 22.233334, 23.161818, 23.971667, 26.727742 ] }, { "date": "2026-06-26", "close": 20.9, "volume": 444, "typical_volume": 719.05, "trend": 30.296667, "fair_value": 74.769231, "relative_strength": -61.495709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.852808, "energy": 77.523142, "activity_lines": [ 21.456667, 22.644546, 23.525714, 26.070215 ] }, { "date": "2026-07-03", "close": 21.35, "volume": 0, "typical_volume": 653.45, "trend": 29.575, "fair_value": 74.288408, "relative_strength": -60.30984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.676052, "energy": 82.927741, "activity_lines": [ 21.166667, 22.289091, 23.197143, 25.493011 ] }, { "date": "2026-07-10", "close": 19.200001, "volume": 414, "typical_volume": 536.65, "trend": 28.768333, "fair_value": 73.779844, "relative_strength": -62.570705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.705628, "energy": 85.167636, "activity_lines": [ 20.416667, 21.595455, 22.723333, 24.823656 ] }, { "date": "2026-07-17", "close": 21.799999, "volume": 289, "typical_volume": 481.05, "trend": 28.096667, "fair_value": 73.273988, "relative_strength": -55.204561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.82083, "energy": 58.925328, "activity_lines": [ 20.826667, 21.462727, 22.540952, 24.374086 ] }, { "date": "2026-07-24", "close": 24.299999, "volume": 123, "typical_volume": 410.35, "trend": 27.525, "fair_value": 72.827197, "relative_strength": -49.377527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.215052, "energy": 36.225745, "activity_lines": [ 21.993333, 21.839091, 22.631667, 24.12914 ] }, { "date": "2026-07-31", "close": 22.200001, "volume": 245, "typical_volume": 387.45, "trend": 26.865, "fair_value": 72.339027, "relative_strength": -52.360428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.393728, "energy": 27.662528, "activity_lines": [ 22.223333, 21.808182, 22.537381, 23.785591 ] }, { "date": "2026-08-07", "close": 21.950001, "volume": 735, "typical_volume": 424.2, "trend": 26.145, "fair_value": 71.853908, "relative_strength": -53.051093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.187041, "energy": 19.850952, "activity_lines": [ 22.283334, 21.8, 22.438095, 23.468495 ] } ], "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." } } }