{ "ticker": { "uuid": "37e85094-da67-4f0b-8bc8-6ab4a8a4150f", "symbol": "CCU", "name": "Compania Cervecerias Unidas SA ADR", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 89.741, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -16.626, "architecture_energy": 11.67, "architecture_maturity": 19.104, "architecture_confidence": 60.251, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 55.15, "rotation_up": 30.78, "upward_expansion": 23.23, "deceleration": 42.58, "rotation_down": 24.03, "downward_expansion": 50.57 }, "activity_lines": [ 11.572, 11.427273, 11.450416, 11.615678 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 11.95, "trend_reference": 12.085155, "distance_from_trend": -0.011184, "trend_direction": "Weakening", "fair_value": 11.861733, "distance_from_fair_value": 0.007441, "fair_value_direction": "Improving", "relative_strength": -12.656951, "relative_strength_direction": "Improving", "price_momentum": -0.16356, "excess_performance": -0.289185, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.011184, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.037847, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.007441, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.024356, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.12657, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.023095, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.16356, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.217928, "read": "Demand-led" } ], "volume": { "latest": 482278, "relative_activity": 0.614501, "balance": 3.217928, "dry_up": 1.046515, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.061437, "annualized_volatility": 0.318848, "from_high_reference": -0.211481, "from_low_reference": 0.130873 }, "levels": { "trend_reference": 12.085155, "fair_value_reference": 11.861733, "structural_low": 10.567056, "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": 13, "median_return": -0.021127, "positive_rate": 0.384615, "directional_follow_through": 0.384615, "median_excess_return": 0.002768, "regime_survival": 0.384615, "best_return": 0.062389, "worst_return": -0.163351, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.017417, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.071895, "regime_survival": 0.125, "best_return": 0.44029, "worst_return": -0.238659, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.040111, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.133738, "regime_survival": 0.0, "best_return": 0.510273, "worst_return": -0.318609, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.171237, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.042693, "regime_survival": 0.333333, "best_return": 0.152414, "worst_return": -0.231618, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-08-02", "tenure": "Developing", "return": -0.052038, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-11-01", "tenure": "Established", "return": -0.014545, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-12-13", "tenure": "Developing", "return": 0.081751, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.03856, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-10", "end": "2025-05-23", "tenure": "Established", "return": 0.210144, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": -0.082905, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-27", "end": "2025-08-08", "tenure": "Developing", "return": -0.065167, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-10-31", "tenure": "Developing", "return": 0.02057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": 0.037368, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": -0.029148, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-02-27", "tenure": "Developing", "return": 0.052881, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-04-24", "tenure": "Developing", "return": -0.01235, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-07-31", "tenure": "Established", "return": 0.024978, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.842494, "volume": 506993, "typical_volume": 578978.55, "trend": 14.431767, "fair_value": 12.792877, "relative_strength": 1.201074, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.32326, "energy": 14.555632, "activity_lines": [ 14.443761, 14.72793, 14.744584, 14.618048 ] }, { "date": "2023-08-25", "close": 13.669576, "volume": 431433, "typical_volume": 581245.85, "trend": 14.433279, "fair_value": 12.814438, "relative_strength": -1.238806, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.466458, "energy": 34.354351, "activity_lines": [ 14.090039, 14.523408, 14.648605, 14.568874 ] }, { "date": "2023-09-01", "close": 13.159925, "volume": 380415, "typical_volume": 577856.9, "trend": 14.400579, "fair_value": 12.8337, "relative_strength": -7.45793, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.698103, "energy": 61.959745, "activity_lines": [ 13.691418, 14.241114, 14.50426, 14.486722 ] }, { "date": "2023-09-08", "close": 12.577466, "volume": 666872, "typical_volume": 591601.75, "trend": 14.365384, "fair_value": 12.850002, "relative_strength": -10.629962, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.769387, "energy": 76.129506, "activity_lines": [ 13.243653, 13.879063, 14.310194, 14.369102 ] }, { "date": "2023-09-15", "close": 12.167925, "volume": 514438, "typical_volume": 590455.9, "trend": 14.294783, "fair_value": 12.864113, "relative_strength": -13.605888, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.757428, "energy": 89.93028, "activity_lines": [ 12.787394, 13.482428, 14.083148, 14.22733 ] }, { "date": "2023-09-22", "close": 11.849393, "volume": 675154, "typical_volume": 606856.85, "trend": 14.21719, "fair_value": 12.876812, "relative_strength": -13.562179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.715713, "energy": 91.839538, "activity_lines": [ 12.376033, 13.080333, 13.837466, 14.069563 ] }, { "date": "2023-09-29", "close": 11.467154, "volume": 539214, "typical_volume": 613925.25, "trend": 14.110539, "fair_value": 12.889092, "relative_strength": -15.760955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.662164, "energy": 93.033707, "activity_lines": [ 11.970132, 12.672943, 13.57172, 13.892142 ] }, { "date": "2023-10-06", "close": 10.848292, "volume": 578357, "typical_volume": 596987.8, "trend": 14.001691, "fair_value": 12.898081, "relative_strength": -20.625565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.692571, "energy": 94.056192, "activity_lines": [ 11.504771, 12.227164, 13.265929, 13.681674 ] }, { "date": "2023-10-13", "close": 10.493356, "volume": 401364, "typical_volume": 596697.0, "trend": 13.91425, "fair_value": 12.906295, "relative_strength": -23.493945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.438378, "energy": 93.661774, "activity_lines": [ 11.075208, 11.798428, 12.94601, 13.45533 ] }, { "date": "2023-10-20", "close": 10.056512, "volume": 719916, "typical_volume": 600899.75, "trend": 13.80016, "fair_value": 12.91108, "relative_strength": -24.808935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.616194, "energy": 93.881689, "activity_lines": [ 10.638971, 11.363073, 12.602732, 13.206444 ] }, { "date": "2023-10-27", "close": 10.12932, "volume": 565939, "typical_volume": 609468.2, "trend": 13.665533, "fair_value": 12.923972, "relative_strength": -22.303974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.000088, "energy": 90.470192, "activity_lines": [ 10.367764, 11.020548, 12.287407, 12.969615 ] }, { "date": "2023-11-03", "close": 10.757283, "volume": 781770, "typical_volume": 618534.65, "trend": 13.567249, "fair_value": 12.934168, "relative_strength": -21.943307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.021917, "energy": 82.441966, "activity_lines": [ 10.420549, 10.85971, 12.053037, 12.781986 ] }, { "date": "2023-11-10", "close": 10.684476, "volume": 1128495, "typical_volume": 663319.55, "trend": 13.44448, "fair_value": 12.934224, "relative_strength": -23.450506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.038253, "energy": 65.638006, "activity_lines": [ 10.49639, 10.738585, 11.829501, 12.596001 ] }, { "date": "2023-11-17", "close": 10.538861, "volume": 774594, "typical_volume": 687530.1, "trend": 13.334359, "fair_value": 12.933589, "relative_strength": -26.106254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.434676, "energy": 62.21162, "activity_lines": [ 10.534614, 10.635993, 11.610732, 12.408541 ] }, { "date": "2023-11-24", "close": 11.205918, "volume": 827195, "typical_volume": 679804.4, "trend": 13.220384, "fair_value": 12.935344, "relative_strength": -22.106602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.569462, "energy": 49.907493, "activity_lines": [ 10.792157, 10.691749, 11.475645, 12.271223 ] }, { "date": "2023-12-01", "close": 12.001714, "volume": 6731477, "typical_volume": 971976.35, "trend": 13.111093, "fair_value": 12.936057, "relative_strength": -17.180298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.913063, "energy": 33.073887, "activity_lines": [ 11.238337, 10.909687, 11.434666, 12.192599 ] }, { "date": "2023-12-08", "close": 12.057235, "volume": 1000598, "typical_volume": 975636.0, "trend": 12.998496, "fair_value": 12.939448, "relative_strength": -16.954819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.907023, "energy": 29.805603, "activity_lines": [ 11.578199, 11.13495, 11.415066, 12.124608 ] }, { "date": "2023-12-15", "close": 12.122009, "volume": 1166515, "typical_volume": 977323.9, "trend": 12.903226, "fair_value": 12.942045, "relative_strength": -18.360585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.478323, "energy": 29.7848, "activity_lines": [ 11.852988, 11.361261, 11.418239, 12.06806 ] }, { "date": "2023-12-22", "close": 11.779632, "volume": 1088238, "typical_volume": 1007804.6, "trend": 12.818386, "fair_value": 12.944096, "relative_strength": -21.118841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.327596, "energy": 25.354729, "activity_lines": [ 11.917816, 11.502164, 11.404105, 11.99557 ] }, { "date": "2023-12-29", "close": 11.603816, "volume": 1072051, "typical_volume": 1027551.4, "trend": 12.722831, "fair_value": 12.946633, "relative_strength": -22.227848, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.254829, "energy": 20.316574, "activity_lines": [ 11.841321, 11.587713, 11.386171, 11.917211 ] }, { "date": "2024-01-05", "close": 11.66859, "volume": 761288, "typical_volume": 1040266.15, "trend": 12.626098, "fair_value": 12.944942, "relative_strength": -20.241671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.921743, "energy": 15.169235, "activity_lines": [ 11.759891, 11.656906, 11.387882, 11.849196 ] }, { "date": "2024-01-12", "close": 11.576056, "volume": 828693, "typical_volume": 1060129.15, "trend": 12.529011, "fair_value": 12.938894, "relative_strength": -22.010876, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.097247, "energy": 16.28272, "activity_lines": [ 11.669824, 11.681288, 11.391133, 11.781451 ] }, { "date": "2024-01-19", "close": 11.168905, "volume": 534085, "typical_volume": 1067812.65, "trend": 12.414713, "fair_value": 12.929845, "relative_strength": -25.141109, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.051573, "energy": 26.136836, "activity_lines": [ 11.476119, 11.616756, 11.365577, 11.693702 ] }, { "date": "2024-01-26", "close": 11.141144, "volume": 1034999, "typical_volume": 1086219.0, "trend": 12.293725, "fair_value": 12.920863, "relative_strength": -25.569919, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.731253, "energy": 29.958758, "activity_lines": [ 11.3367, 11.538369, 11.346858, 11.611536 ] }, { "date": "2024-02-02", "close": 11.205918, "volume": 797619, "typical_volume": 1100378.05, "trend": 12.165491, "fair_value": 12.908337, "relative_strength": -25.622248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.724816, "energy": 31.25332, "activity_lines": [ 11.261439, 11.460808, 11.341147, 11.541355 ] }, { "date": "2024-02-09", "close": 10.974582, "volume": 529130, "typical_volume": 1093076.85, "trend": 12.018626, "fair_value": 12.892226, "relative_strength": -27.603864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.159507, "energy": 38.041792, "activity_lines": [ 11.135592, 11.341187, 11.317985, 11.464523 ] }, { "date": "2024-02-16", "close": 11.030103, "volume": 769013, "typical_volume": 1104566.8, "trend": 11.86815, "fair_value": 12.878769, "relative_strength": -26.357751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.076946, "energy": 41.128522, "activity_lines": [ 11.074519, 11.250335, 11.304277, 11.400747 ] }, { "date": "2024-02-23", "close": 10.798767, "volume": 1165154, "typical_volume": 1133906.65, "trend": 11.716941, "fair_value": 12.863437, "relative_strength": -28.395097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.704754, "energy": 51.068668, "activity_lines": [ 10.972732, 11.136097, 11.270618, 11.331754 ] }, { "date": "2024-03-01", "close": 10.863541, "volume": 1084252, "typical_volume": 1168051.05, "trend": 11.595801, "fair_value": 12.845344, "relative_strength": -27.937103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.550749, "energy": 53.576661, "activity_lines": [ 10.917211, 11.057695, 11.243364, 11.276696 ] }, { "date": "2024-03-08", "close": 10.872794, "volume": 979988, "typical_volume": 1181054.65, "trend": 11.477092, "fair_value": 12.825453, "relative_strength": -26.957373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.4656, "energy": 44.427445, "activity_lines": [ 10.883282, 10.997632, 11.215228, 11.230051 ] }, { "date": "2024-03-15", "close": 11.131891, "volume": 608187, "typical_volume": 1183167.05, "trend": 11.386738, "fair_value": 12.805366, "relative_strength": -24.562694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.241296, "energy": 30.798773, "activity_lines": [ 10.957926, 10.997968, 11.207881, 11.20778 ] }, { "date": "2024-03-22", "close": 10.974582, "volume": 708412, "typical_volume": 1179499.15, "trend": 11.296905, "fair_value": 12.786127, "relative_strength": -26.594111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.05778, "energy": 29.078716, "activity_lines": [ 10.969647, 10.979461, 11.180779, 11.181189 ] }, { "date": "2024-03-29", "close": 11.094877, "volume": 546781, "typical_volume": 1150413.45, "trend": 11.22807, "fair_value": 12.770006, "relative_strength": -25.357744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.296798, "energy": 19.446284, "activity_lines": [ 11.025168, 10.993762, 11.164098, 11.168155 ] }, { "date": "2024-04-05", "close": 11.307706, "volume": 667543, "typical_volume": 1145060.9, "trend": 11.185745, "fair_value": 12.751534, "relative_strength": -22.607567, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.770029, "energy": 13.707276, "activity_lines": [ 11.131891, 11.048105, 11.165732, 11.173293 ] }, { "date": "2024-04-12", "close": 11.353973, "volume": 743812, "typical_volume": 1140891.75, "trend": 11.158613, "fair_value": 12.728403, "relative_strength": -20.425708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.868754, "energy": 10.582251, "activity_lines": [ 11.224425, 11.107832, 11.168111, 11.184146 ] }, { "date": "2024-04-19", "close": 11.039356, "volume": 874799, "typical_volume": 848057.85, "trend": 11.131612, "fair_value": 12.705254, "relative_strength": -19.526608, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.458408, "energy": 6.097257, "activity_lines": [ 11.180008, 11.107663, 11.139822, 11.176452 ] }, { "date": "2024-04-26", "close": 11.453059, "volume": 478234, "typical_volume": 821939.65, "trend": 11.131142, "fair_value": 12.687056, "relative_strength": -17.913944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.539037, "energy": 24.563437, "activity_lines": [ 11.279662, 11.181536, 11.155516, 11.197191 ] }, { "date": "2024-05-03", "close": 11.997549, "volume": 443696, "typical_volume": 785798.7, "trend": 11.169451, "fair_value": 12.668599, "relative_strength": -13.667961, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.51495, "energy": 51.142389, "activity_lines": [ 11.528913, 11.346717, 11.225943, 11.253088 ] }, { "date": "2024-05-10", "close": 11.837957, "volume": 424734, "typical_volume": 752623.5, "trend": 11.214271, "fair_value": 12.65032, "relative_strength": -15.461987, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.510271, "energy": 55.857268, "activity_lines": [ 11.66479, 11.461085, 11.281764, 11.296217 ] }, { "date": "2024-05-17", "close": 12.682855, "volume": 499413, "typical_volume": 723991.6, "trend": 11.301816, "fair_value": 12.641904, "relative_strength": -10.107082, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.421382, "energy": 79.753285, "activity_lines": [ 12.046948, 11.711354, 11.417773, 11.390965 ] }, { "date": "2024-05-24", "close": 12.082039, "volume": 414968, "typical_volume": 706675.6, "trend": 11.366906, "fair_value": 12.629588, "relative_strength": -13.629558, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.360618, "energy": 72.257659, "activity_lines": [ 12.140243, 11.819474, 11.491423, 11.441302 ] }, { "date": "2024-05-31", "close": 11.74408, "volume": 446444, "typical_volume": 687563.15, "trend": 11.3998, "fair_value": 12.613805, "relative_strength": -14.970897, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.981089, "energy": 60.304674, "activity_lines": [ 12.051372, 11.848871, 11.530918, 11.465635 ] }, { "date": "2024-06-07", "close": 11.340406, "volume": 374306, "typical_volume": 679574.2, "trend": 11.421664, "fair_value": 12.595185, "relative_strength": -18.123898, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.048223, "energy": 32.476585, "activity_lines": [ 11.808542, 11.790882, 11.531168, 11.461803 ] }, { "date": "2024-06-14", "close": 10.964896, "volume": 306874, "typical_volume": 643167.95, "trend": 11.435865, "fair_value": 12.574158, "relative_strength": -21.348819, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -16.533097, "energy": 15.318776, "activity_lines": [ 11.484352, 11.660155, 11.494838, 11.432335 ] }, { "date": "2024-06-21", "close": 10.82408, "volume": 239666, "typical_volume": 615270.3, "trend": 11.423137, "fair_value": 12.54558, "relative_strength": -22.023042, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.066217, "energy": 28.540812, "activity_lines": [ 11.171427, 11.510057, 11.445936, 11.392865 ] }, { "date": "2024-06-28", "close": 10.683263, "volume": 500892, "typical_volume": 613858.4, "trend": 11.379189, "fair_value": 12.510002, "relative_strength": -22.165081, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.587974, "energy": 37.961998, "activity_lines": [ 10.935481, 11.343991, 11.385442, 11.345131 ] }, { "date": "2024-07-05", "close": 10.401631, "volume": 314745, "typical_volume": 591145.0, "trend": 11.324002, "fair_value": 12.472019, "relative_strength": -24.719215, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.780384, "energy": 64.774367, "activity_lines": [ 10.69891, 11.133193, 11.299513, 11.282063 ] }, { "date": "2024-07-12", "close": 11.49061, "volume": 1202945, "typical_volume": 593034.55, "trend": 11.302955, "fair_value": 12.446565, "relative_strength": -16.719712, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.05457, "energy": 37.271271, "activity_lines": [ 10.914828, 11.139508, 11.320288, 11.292811 ] }, { "date": "2024-07-19", "close": 11.208978, "volume": 548806, "typical_volume": 566262.25, "trend": 11.283933, "fair_value": 12.415957, "relative_strength": -16.188356, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.555628, "energy": 18.098294, "activity_lines": [ 11.026855, 11.103835, 11.310947, 11.286748 ] }, { "date": "2024-07-26", "close": 10.561223, "volume": 659463, "typical_volume": 550236.0, "trend": 11.24918, "fair_value": 12.377397, "relative_strength": -19.441066, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.331546, "energy": 34.182598, "activity_lines": [ 10.906692, 10.961824, 11.238271, 11.240122 ] }, { "date": "2024-08-02", "close": 10.260814, "volume": 326877, "typical_volume": 536170.5, "trend": 11.202255, "fair_value": 12.339411, "relative_strength": -19.156405, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.022946, "energy": 37.199479, "activity_lines": [ 10.703916, 10.803768, 11.138467, 11.176356 ] }, { "date": "2024-08-09", "close": 10.326529, "volume": 696397, "typical_volume": 535569.75, "trend": 11.160604, "fair_value": 12.305495, "relative_strength": -17.757938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.70544, "energy": 50.576803, "activity_lines": [ 10.551209, 10.690774, 11.04907, 11.119858 ] }, { "date": "2024-08-16", "close": 10.636325, "volume": 591457, "typical_volume": 537803.55, "trend": 11.142851, "fair_value": 12.271316, "relative_strength": -17.677183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.920455, "energy": 57.204209, "activity_lines": [ 10.506774, 10.659879, 10.992264, 11.086034 ] }, { "date": "2024-08-23", "close": 10.974284, "volume": 310624, "typical_volume": 519957.6, "trend": 11.137289, "fair_value": 12.241502, "relative_strength": -15.40669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.991088, "energy": 44.005379, "activity_lines": [ 10.631944, 10.703234, 10.969827, 11.075158 ] }, { "date": "2024-08-30", "close": 10.514284, "volume": 633533, "typical_volume": 514443.65, "trend": 11.114234, "fair_value": 12.20834, "relative_strength": -18.432863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.357536, "energy": 33.283253, "activity_lines": [ 10.619427, 10.662781, 10.905169, 11.034964 ] }, { "date": "2024-09-06", "close": 9.810202, "volume": 510303, "typical_volume": 496218.85, "trend": 11.075422, "fair_value": 12.175762, "relative_strength": -19.905116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.188067, "energy": 46.686744, "activity_lines": [ 10.375345, 10.499946, 10.777454, 10.950833 ] }, { "date": "2024-09-13", "close": 9.866529, "volume": 4343338, "typical_volume": 689474.05, "trend": 11.036636, "fair_value": 12.148894, "relative_strength": -21.873951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.881322, "energy": 55.955714, "activity_lines": [ 10.18008, 10.363226, 10.660956, 10.87284 ] }, { "date": "2024-09-20", "close": 9.594284, "volume": 882258, "typical_volume": 711402.15, "trend": 10.996487, "fair_value": 12.122029, "relative_strength": -24.383093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.446988, "energy": 72.910733, "activity_lines": [ 9.924733, 10.186737, 10.526086, 10.779785 ] }, { "date": "2024-09-27", "close": 10.955508, "volume": 1557127, "typical_volume": 768021.8, "trend": 10.999552, "fair_value": 12.10734, "relative_strength": -13.54415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.333119, "energy": 43.388005, "activity_lines": [ 10.192597, 10.292221, 10.532299, 10.777141 ] }, { "date": "2024-10-04", "close": 10.495508, "volume": 653291, "typical_volume": 775715.7, "trend": 10.986976, "fair_value": 12.090451, "relative_strength": -16.867614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.28352, "energy": 29.948329, "activity_lines": [ 10.308379, 10.318677, 10.498906, 10.744622 ] }, { "date": "2024-10-11", "close": 10.542447, "volume": 611539, "typical_volume": 785544.25, "trend": 10.967328, "fair_value": 12.078011, "relative_strength": -16.97877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.125899, "energy": 17.831023, "activity_lines": [ 10.441059, 10.354863, 10.480399, 10.715943 ] }, { "date": "2024-10-18", "close": 10.561223, "volume": 859024, "typical_volume": 806173.25, "trend": 10.953549, "fair_value": 12.061246, "relative_strength": -17.097323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.022808, "energy": 21.040246, "activity_lines": [ 10.531182, 10.389341, 10.471011, 10.689743 ] }, { "date": "2024-10-25", "close": 10.767753, "volume": 644086, "typical_volume": 819662.25, "trend": 10.942645, "fair_value": 12.043177, "relative_strength": -14.181028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.57975, "energy": 15.661211, "activity_lines": [ 10.643835, 10.457104, 10.486925, 10.677756 ] }, { "date": "2024-11-01", "close": 10.176325, "volume": 611899, "typical_volume": 834913.5, "trend": 10.904932, "fair_value": 12.013026, "relative_strength": -17.224988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.929309, "energy": 16.543262, "activity_lines": [ 10.481114, 10.414944, 10.44924, 10.628316 ] }, { "date": "2024-11-08", "close": 10.44857, "volume": 678302, "typical_volume": 856845.3, "trend": 10.874752, "fair_value": 11.982972, "relative_strength": -18.349292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.290604, "energy": 13.107177, "activity_lines": [ 10.461087, 10.436792, 10.441238, 10.598873 ] }, { "date": "2024-11-15", "close": 10.157549, "volume": 577901, "typical_volume": 860695.75, "trend": 10.845359, "fair_value": 11.956717, "relative_strength": -18.471981, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.389797, "energy": 24.463986, "activity_lines": [ 10.347182, 10.406922, 10.407308, 10.552602 ] }, { "date": "2024-11-22", "close": 10.468002, "volume": 495881, "typical_volume": 869752.55, "trend": 10.812523, "fair_value": 11.93658, "relative_strength": -16.803005, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.477377, "energy": 20.462052, "activity_lines": [ 10.362421, 10.427183, 10.405449, 10.528256 ] }, { "date": "2024-11-29", "close": 10.99572, "volume": 647001, "typical_volume": 841955.35, "trend": 10.779129, "fair_value": 11.919443, "relative_strength": -12.976612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.824363, "energy": 3.103173, "activity_lines": [ 10.559781, 10.532456, 10.453532, 10.540076 ] }, { "date": "2024-12-06", "close": 10.986125, "volume": 1176918, "typical_volume": 873360.95, "trend": 10.750735, "fair_value": 11.900054, "relative_strength": -13.129398, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.144475, "energy": 15.812852, "activity_lines": [ 10.738745, 10.610504, 10.503058, 10.55343 ] }, { "date": "2024-12-13", "close": 11.302756, "volume": 1013716, "typical_volume": 891073.6, "trend": 10.704731, "fair_value": 11.88368, "relative_strength": -9.476904, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.233187, "energy": 41.424713, "activity_lines": [ 10.969266, 10.745565, 10.5838, 10.589044 ] }, { "date": "2024-12-20", "close": 11.197212, "volume": 2175091, "typical_volume": 983484.3, "trend": 10.675237, "fair_value": 11.869093, "relative_strength": -8.112309, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.342278, "energy": 51.920909, "activity_lines": [ 11.10766, 10.846758, 10.65096, 10.620817 ] }, { "date": "2024-12-27", "close": 11.034099, "volume": 275235, "typical_volume": 962426.2, "trend": 10.651571, "fair_value": 11.849957, "relative_strength": -9.516467, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.161131, "energy": 54.829341, "activity_lines": [ 11.122372, 10.90639, 10.698125, 10.64397 ] }, { "date": "2025-01-03", "close": 10.765443, "volume": 524126, "typical_volume": 959059.65, "trend": 10.632406, "fair_value": 11.830522, "relative_strength": -10.670551, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 56.414367, "energy": 52.345962, "activity_lines": [ 11.009792, 10.908578, 10.716336, 10.651316 ] }, { "date": "2025-01-10", "close": 11.139643, "volume": 765990, "typical_volume": 981827.95, "trend": 10.638231, "fair_value": 11.808119, "relative_strength": -5.256883, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.828498, "energy": 40.564128, "activity_lines": [ 11.037298, 10.978844, 10.769569, 10.684041 ] }, { "date": "2025-01-17", "close": 11.187617, "volume": 861243, "typical_volume": 993213.45, "trend": 10.650349, "fair_value": 11.78323, "relative_strength": -7.153404, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.271641, "energy": 33.773818, "activity_lines": [ 11.07056, 11.040317, 10.826584, 10.719486 ] }, { "date": "2025-01-24", "close": 11.542628, "volume": 425224, "typical_volume": 988959.5, "trend": 10.678994, "fair_value": 11.766751, "relative_strength": -5.46869, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.307611, "energy": 43.890706, "activity_lines": [ 11.229835, 11.152901, 10.914204, 10.777052 ] }, { "date": "2025-01-31", "close": 11.648171, "volume": 567954, "typical_volume": 800190.3, "trend": 10.720545, "fair_value": 11.756041, "relative_strength": -3.295788, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.438685, "energy": 69.13341, "activity_lines": [ 11.401263, 11.259492, 11.003625, 10.83958 ] }, { "date": "2025-02-07", "close": 12.06075, "volume": 494244, "typical_volume": 780789.6, "trend": 10.73955, "fair_value": 11.7425, "relative_strength": 0.507455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.631548, "energy": 82.112524, "activity_lines": [ 11.66928, 11.419639, 11.123855, 10.926044 ] }, { "date": "2025-02-14", "close": 12.482925, "volume": 569267, "typical_volume": 731396.6, "trend": 10.782015, "fair_value": 11.732103, "relative_strength": 2.688962, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.762533, "energy": 91.353317, "activity_lines": [ 11.991667, 11.637181, 11.272548, 11.03852 ] }, { "date": "2025-02-21", "close": 12.425355, "volume": 539491, "typical_volume": 725706.6, "trend": 10.844153, "fair_value": 11.720899, "relative_strength": 3.96099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.024516, "energy": 89.73217, "activity_lines": [ 12.205313, 11.817041, 11.408484, 11.144542 ] }, { "date": "2025-02-28", "close": 13.384842, "volume": 2005552, "typical_volume": 795407.25, "trend": 10.948287, "fair_value": 11.727017, "relative_strength": 12.957557, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.452089, "energy": 96.429077, "activity_lines": [ 12.656272, 12.150942, 11.626611, 11.308458 ] }, { "date": "2025-03-07", "close": 14.344329, "volume": 1139565, "typical_volume": 809434.3, "trend": 11.082214, "fair_value": 11.742955, "relative_strength": 24.486434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.074839, "energy": 97.814124, "activity_lines": [ 13.304245, 12.619521, 11.922582, 11.527557 ] }, { "date": "2025-03-14", "close": 14.123647, "volume": 1033556, "typical_volume": 828907.8, "trend": 11.198458, "fair_value": 11.753809, "relative_strength": 25.059853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.669063, "energy": 93.792555, "activity_lines": [ 13.698914, 12.987789, 12.17952, 11.723779 ] }, { "date": "2025-03-21", "close": 14.718529, "volume": 1257429, "typical_volume": 861184.3, "trend": 11.323266, "fair_value": 11.765629, "relative_strength": 29.078288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.193479, "energy": 95.394501, "activity_lines": [ 14.154351, 13.40316, 12.477134, 11.95088 ] }, { "date": "2025-03-28", "close": 14.699339, "volume": 1358776, "typical_volume": 895208.0, "trend": 11.462768, "fair_value": 11.776669, "relative_strength": 30.224156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.440097, "energy": 91.115485, "activity_lines": [ 14.45435, 13.74997, 12.75129, 12.168691 ] }, { "date": "2025-04-04", "close": 14.085268, "volume": 1600256, "typical_volume": 946325.75, "trend": 11.60527, "fair_value": 11.787606, "relative_strength": 36.478045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.891209, "energy": 67.392542, "activity_lines": [ 14.39806, 13.921283, 12.946722, 12.337885 ] }, { "date": "2025-04-11", "close": 14.315545, "volume": 2589920, "typical_volume": 1051027.7, "trend": 11.75357, "fair_value": 11.801662, "relative_strength": 30.73418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.550726, "energy": 64.816777, "activity_lines": [ 14.371835, 14.088233, 13.145382, 12.512741 ] }, { "date": "2025-04-18", "close": 14.689745, "volume": 716642, "typical_volume": 1054509.75, "trend": 11.923419, "fair_value": 11.820197, "relative_strength": 35.394009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.977624, "energy": 64.190758, "activity_lines": [ 14.472261, 14.274723, 13.361358, 12.702172 ] }, { "date": "2025-04-25", "close": 14.958955, "volume": 788565, "typical_volume": 1035092.1, "trend": 12.056867, "fair_value": 11.840492, "relative_strength": 31.275916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.71873, "energy": 61.38353, "activity_lines": [ 14.624684, 14.46236, 13.585382, 12.898013 ] }, { "date": "2025-05-02", "close": 15.007586, "volume": 772530, "typical_volume": 1023032.8, "trend": 12.20727, "fair_value": 11.862685, "relative_strength": 27.634551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.398878, "energy": 61.331017, "activity_lines": [ 14.77729, 14.61382, 13.79512, 13.088382 ] }, { "date": "2025-05-09", "close": 14.424012, "volume": 1338285, "typical_volume": 981192.5, "trend": 12.336655, "fair_value": 11.880798, "relative_strength": 22.907881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.199128, "energy": 53.831676, "activity_lines": [ 14.71482, 14.612226, 13.931637, 13.231397 ] }, { "date": "2025-05-16", "close": 13.820985, "volume": 1490458, "typical_volume": 1041953.65, "trend": 12.445314, "fair_value": 11.893572, "relative_strength": 11.95468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.745063, "energy": 39.146229, "activity_lines": [ 14.428759, 14.482097, 13.995357, 13.327161 ] }, { "date": "2025-05-23", "close": 13.480567, "volume": 580144, "typical_volume": 1044754.55, "trend": 12.535741, "fair_value": 11.902463, "relative_strength": 12.025134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.059736, "energy": 24.450993, "activity_lines": [ 14.062196, 14.299589, 14.013386, 13.393951 ] }, { "date": "2025-05-30", "close": 13.256863, "volume": 501402, "typical_volume": 1031525.15, "trend": 12.638426, "fair_value": 11.906577, "relative_strength": 8.250577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.664929, "energy": 23.203023, "activity_lines": [ 13.701677, 14.0881, 13.997181, 13.440475 ] }, { "date": "2025-06-06", "close": 13.217958, "volume": 918175, "typical_volume": 1034371.75, "trend": 12.730739, "fair_value": 11.914748, "relative_strength": 6.121889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.148269, "energy": 20.530471, "activity_lines": [ 13.441662, 13.896113, 13.967188, 13.477864 ] }, { "date": "2025-06-13", "close": 12.634384, "volume": 680185, "typical_volume": 1047119.8, "trend": 12.8133, "fair_value": 11.923145, "relative_strength": 1.733829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.672373, "energy": 29.946285, "activity_lines": [ 13.106431, 13.624955, 13.871948, 13.471648 ] }, { "date": "2025-06-20", "close": 12.157798, "volume": 506689, "typical_volume": 1044056.55, "trend": 12.869627, "fair_value": 11.929168, "relative_strength": -1.976258, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.027991, "energy": 53.199468, "activity_lines": [ 12.731646, 13.293526, 13.72612, 13.429357 ] }, { "date": "2025-06-27", "close": 12.537122, "volume": 728549, "typical_volume": 1055771.8, "trend": 12.921007, "fair_value": 11.938528, "relative_strength": -2.355446, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.101249, "energy": 54.617621, "activity_lines": [ 12.594182, 13.070296, 13.613992, 13.407905 ] }, { "date": "2025-07-04", "close": 13.11097, "volume": 1947020, "typical_volume": 1124659.45, "trend": 12.991835, "fair_value": 11.953154, "relative_strength": 0.228071, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.377506, "energy": 48.567865, "activity_lines": [ 12.710897, 12.990541, 13.554248, 13.420161 ] }, { "date": "2025-07-11", "close": 12.478764, "volume": 997948, "typical_volume": 1147582.3, "trend": 13.031035, "fair_value": 11.969224, "relative_strength": -4.274543, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.361932, "energy": 40.501454, "activity_lines": [ 12.626603, 12.829439, 13.431302, 13.38706 ] }, { "date": "2025-07-18", "close": 11.759022, "volume": 1010169, "typical_volume": 1097813.15, "trend": 13.049762, "fair_value": 11.98204, "relative_strength": -10.205151, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.835719, "energy": 42.688416, "activity_lines": [ 12.351675, 12.583454, 13.239556, 13.304994 ] }, { "date": "2025-07-25", "close": 11.574224, "volume": 748097, "typical_volume": 1078239.75, "trend": 13.067766, "fair_value": 11.990838, "relative_strength": -12.818713, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.866937, "energy": 57.34954, "activity_lines": [ 12.073504, 12.352323, 13.037951, 13.209798 ] }, { "date": "2025-08-01", "close": 11.50614, "volume": 985403, "typical_volume": 1075832.1, "trend": 13.092456, "fair_value": 12.00328, "relative_strength": -11.106593, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.364138, "energy": 68.426795, "activity_lines": [ 11.811544, 12.149664, 12.843054, 13.109048 ] }, { "date": "2025-08-08", "close": 11.720118, "volume": 1171077, "typical_volume": 1071514.5, "trend": 13.111805, "fair_value": 12.014884, "relative_strength": -11.550587, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.378167, "energy": 77.284901, "activity_lines": [ 11.689642, 12.021808, 12.681, 13.02051 ] }, { "date": "2025-08-15", "close": 12.293966, "volume": 1071544, "typical_volume": 1057152.9, "trend": 13.148684, "fair_value": 12.033566, "relative_strength": -8.095312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.467416, "energy": 66.231626, "activity_lines": [ 11.851746, 12.026229, 12.587876, 12.967747 ] }, { "date": "2025-08-22", "close": 11.992452, "volume": 1114832, "typical_volume": 1032881.7, "trend": 13.163678, "fair_value": 12.047369, "relative_strength": -10.511322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.366428, "energy": 45.371792, "activity_lines": [ 11.925665, 11.992629, 12.47749, 12.893151 ] }, { "date": "2025-08-29", "close": 12.031357, "volume": 468938, "typical_volume": 926832.6, "trend": 13.176451, "fair_value": 12.059891, "relative_strength": -10.165451, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.781398, "energy": 34.089391, "activity_lines": [ 11.996991, 11.977774, 12.380776, 12.820098 ] }, { "date": "2025-09-05", "close": 12.041083, "volume": 432054, "typical_volume": 912603.2, "trend": 13.175795, "fair_value": 12.074175, "relative_strength": -10.415564, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.78524, "energy": 28.325958, "activity_lines": [ 12.041083, 11.966987, 12.295865, 12.746849 ] }, { "date": "2025-09-12", "close": 11.613129, "volume": 837688, "typical_volume": 915059.35, "trend": 13.146802, "fair_value": 12.090023, "relative_strength": -14.927515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.628781, "energy": 37.03586, "activity_lines": [ 11.906861, 11.887409, 12.182809, 12.646031 ] }, { "date": "2025-09-19", "close": 11.369973, "volume": 609797, "typical_volume": 906922.7, "trend": 13.111622, "fair_value": 12.109016, "relative_strength": -17.728378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.107025, "energy": 47.009234, "activity_lines": [ 11.69872, 11.790854, 12.062527, 12.531397 ] }, { "date": "2025-09-26", "close": 11.642308, "volume": 709480, "typical_volume": 875482.45, "trend": 13.053538, "fair_value": 12.122557, "relative_strength": -15.376918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.792481, "energy": 47.940627, "activity_lines": [ 11.642956, 11.763974, 11.985505, 12.436603 ] }, { "date": "2025-10-03", "close": 11.311615, "volume": 611999, "typical_volume": 831559.5, "trend": 12.952447, "fair_value": 12.134206, "relative_strength": -18.565259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.591616, "energy": 59.315778, "activity_lines": [ 11.500304, 11.67909, 11.890234, 12.324221 ] }, { "date": "2025-10-10", "close": 11.214353, "volume": 611646, "typical_volume": 833134.6, "trend": 12.855471, "fair_value": 12.147441, "relative_strength": -17.168928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.373623, "energy": 63.124802, "activity_lines": [ 11.373215, 11.581298, 11.79765, 12.212086 ] }, { "date": "2025-10-17", "close": 12.177251, "volume": 892450, "typical_volume": 852687.0, "trend": 12.770762, "fair_value": 12.165205, "relative_strength": -11.599623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.418923, "energy": 36.719341, "activity_lines": [ 11.622207, 11.663882, 11.807561, 12.168329 ] }, { "date": "2025-10-24", "close": 12.05081, "volume": 473465, "typical_volume": 830451.5, "trend": 12.682477, "fair_value": 12.180741, "relative_strength": -14.096832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.347529, "energy": 24.617634, "activity_lines": [ 11.791443, 11.715166, 11.810572, 12.121881 ] }, { "date": "2025-10-31", "close": 12.546848, "volume": 530378, "typical_volume": 822961.15, "trend": 12.631197, "fair_value": 12.197304, "relative_strength": -11.221201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.277462, "energy": 13.631786, "activity_lines": [ 12.080637, 11.86106, 11.866382, 12.113131 ] }, { "date": "2025-11-07", "close": 12.041083, "volume": 611519, "typical_volume": 828202.65, "trend": 12.555381, "fair_value": 12.210115, "relative_strength": -13.413154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.94471, "energy": 19.408101, "activity_lines": [ 12.140939, 11.904916, 11.874441, 12.075059 ] }, { "date": "2025-11-14", "close": 12.595479, "volume": 720937, "typical_volume": 827822.05, "trend": 12.485572, "fair_value": 12.227274, "relative_strength": -9.656026, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.093317, "energy": 19.648588, "activity_lines": [ 12.337409, 12.049395, 11.935855, 12.077646 ] }, { "date": "2025-11-21", "close": 12.49103, "volume": 1114273, "typical_volume": 786184.7, "trend": 12.403308, "fair_value": 12.239455, "relative_strength": -8.749789, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.494515, "energy": 26.411755, "activity_lines": [ 12.406988, 12.164803, 11.987044, 12.077998 ] }, { "date": "2025-11-28", "close": 13.20142, "volume": 758012, "typical_volume": 774187.9, "trend": 12.343103, "fair_value": 12.252621, "relative_strength": -7.070837, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.031898, "energy": 50.32359, "activity_lines": [ 12.692445, 12.393411, 12.108841, 12.129489 ] }, { "date": "2025-12-05", "close": 12.767293, "volume": 1142264, "typical_volume": 780792.65, "trend": 12.287879, "fair_value": 12.267424, "relative_strength": -10.455254, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.989894, "energy": 48.630883, "activity_lines": [ 12.756485, 12.509788, 12.185851, 12.156856 ] }, { "date": "2025-12-12", "close": 13.191554, "volume": 660883, "typical_volume": 776431.95, "trend": 12.266898, "fair_value": 12.284436, "relative_strength": -6.982117, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.3076, "energy": 54.072183, "activity_lines": [ 12.947249, 12.682849, 12.298466, 12.215158 ] }, { "date": "2025-12-19", "close": 12.343032, "volume": 1031107, "typical_volume": 778717.15, "trend": 12.22898, "fair_value": 12.289762, "relative_strength": -12.987899, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.237455, "energy": 35.279384, "activity_lines": [ 12.778475, 12.667453, 12.322568, 12.220069 ] }, { "date": "2025-12-26", "close": 12.816625, "volume": 668974, "typical_volume": 753612.0, "trend": 12.214305, "fair_value": 12.295683, "relative_strength": -10.905471, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.689077, "energy": 34.480259, "activity_lines": [ 12.784395, 12.717643, 12.387789, 12.257982 ] }, { "date": "2026-01-02", "close": 12.500896, "volume": 377817, "typical_volume": 718925.65, "trend": 12.190403, "fair_value": 12.298826, "relative_strength": -12.183858, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.239721, "energy": 24.794958, "activity_lines": [ 12.663365, 12.698803, 12.417718, 12.276472 ] }, { "date": "2026-01-09", "close": 13.823012, "volume": 1190006, "typical_volume": 722684.35, "trend": 12.230024, "fair_value": 12.309688, "relative_strength": -4.46542, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.776248, "energy": 40.79406, "activity_lines": [ 13.029742, 12.912164, 12.572579, 12.381801 ] }, { "date": "2026-01-16", "close": 13.734213, "volume": 886082, "typical_volume": 743541.55, "trend": 12.282571, "fair_value": 12.31231, "relative_strength": -4.828826, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.440781, "energy": 61.546179, "activity_lines": [ 13.296139, 13.086177, 12.710265, 12.478846 ] }, { "date": "2026-01-23", "close": 14.592601, "volume": 739323, "typical_volume": 758905.0, "trend": 12.351087, "fair_value": 12.318518, "relative_strength": 1.292475, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.592821, "energy": 79.791317, "activity_lines": [ 13.812487, 13.385476, 12.921594, 12.62788 ] }, { "date": "2026-01-30", "close": 14.474203, "volume": 914123, "typical_volume": 762726.75, "trend": 12.396528, "fair_value": 12.320654, "relative_strength": -0.050045, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.773713, "energy": 83.365596, "activity_lines": [ 14.139399, 13.626937, 13.109496, 12.764855 ] }, { "date": "2026-02-06", "close": 14.286739, "volume": 1210070, "typical_volume": 792740.4, "trend": 12.456794, "fair_value": 12.324843, "relative_strength": -1.185875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.195739, "energy": 77.736997, "activity_lines": [ 14.293317, 13.798256, 13.265921, 12.886804 ] }, { "date": "2026-02-13", "close": 14.345938, "volume": 788117, "typical_volume": 796672.25, "trend": 12.543025, "fair_value": 12.325227, "relative_strength": 0.484149, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.108636, "energy": 75.129593, "activity_lines": [ 14.347911, 13.960605, 13.414094, 13.008684 ] }, { "date": "2026-02-20", "close": 13.892077, "volume": 575924, "typical_volume": 794868.5, "trend": 12.620287, "fair_value": 12.3234, "relative_strength": -3.70776, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.979867, "energy": 49.72072, "activity_lines": [ 14.216357, 14.011732, 13.506168, 13.09572 ] }, { "date": "2026-02-27", "close": 13.161954, "volume": 1449285, "typical_volume": 836750.45, "trend": 12.67548, "fair_value": 12.313754, "relative_strength": -8.00643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.707626, "energy": 30.157812, "activity_lines": [ 13.830905, 13.917372, 13.516419, 13.130666 ] }, { "date": "2026-03-06", "close": 11.593175, "volume": 1709446, "typical_volume": 877600.25, "trend": 12.671249, "fair_value": 12.297596, "relative_strength": -16.72008, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.589583, "energy": 16.145728, "activity_lines": [ 13.017902, 13.52289, 13.367987, 13.06084 ] }, { "date": "2026-03-13", "close": 11.484644, "volume": 1472572, "typical_volume": 927555.6, "trend": 12.644272, "fair_value": 12.287135, "relative_strength": -15.611992, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.128223, "energy": 40.951857, "activity_lines": [ 12.360792, 13.130919, 13.212001, 12.984285 ] }, { "date": "2026-03-20", "close": 11.050516, "volume": 1480567, "typical_volume": 975065.05, "trend": 12.612874, "fair_value": 12.271567, "relative_strength": -16.584776, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.801528, "energy": 51.876628, "activity_lines": [ 11.745778, 12.678494, 13.017366, 12.881462 ] }, { "date": "2026-03-27", "close": 10.902518, "volume": 1084460, "typical_volume": 998712.1, "trend": 12.575246, "fair_value": 12.250633, "relative_strength": -15.057794, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.280638, "energy": 69.993876, "activity_lines": [ 11.301126, 12.249569, 12.81576, 12.771117 ] }, { "date": "2026-04-03", "close": 11.573442, "volume": 707904, "typical_volume": 998060.45, "trend": 12.559658, "fair_value": 12.236964, "relative_strength": -11.937032, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.368417, "energy": 67.504611, "activity_lines": [ 11.27942, 11.994115, 12.683474, 12.706484 ] }, { "date": "2026-04-10", "close": 12.372631, "volume": 527643, "typical_volume": 968728.95, "trend": 12.584974, "fair_value": 12.224176, "relative_strength": -8.346442, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.823578, "energy": 48.878137, "activity_lines": [ 11.63001, 11.938863, 12.632168, 12.694418 ] }, { "date": "2026-04-17", "close": 12.3, "volume": 728555, "typical_volume": 967256.1, "trend": 12.615975, "fair_value": 12.214289, "relative_strength": -11.890884, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.425953, "energy": 27.14711, "activity_lines": [ 11.904427, 11.908615, 12.574509, 12.676032 ] }, { "date": "2026-04-24", "close": 11.45, "volume": 1227894, "typical_volume": 971537.6, "trend": 12.609565, "fair_value": 12.193935, "relative_strength": -17.49289, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.4295, "energy": 29.934649, "activity_lines": [ 11.841153, 11.759944, 12.440189, 12.600808 ] }, { "date": "2026-05-01", "close": 11.21, "volume": 690607, "typical_volume": 973023.8, "trend": 12.606178, "fair_value": 12.167842, "relative_strength": -19.075493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.480611, "energy": 32.165263, "activity_lines": [ 11.671247, 11.62029, 12.289286, 12.510514 ] }, { "date": "2026-05-08", "close": 11.94, "volume": 731733, "typical_volume": 958055.1, "trend": 12.630366, "fair_value": 12.145438, "relative_strength": -14.966453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.661541, "energy": 28.823532, "activity_lines": [ 11.724175, 11.662129, 12.217342, 12.467534 ] }, { "date": "2026-05-15", "close": 11.37, "volume": 483085, "typical_volume": 948760.65, "trend": 12.603458, "fair_value": 12.122296, "relative_strength": -18.525289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.917878, "energy": 40.760776, "activity_lines": [ 11.562667, 11.622548, 12.093031, 12.386221 ] }, { "date": "2026-05-22", "close": 11.53, "volume": 518703, "typical_volume": 955804.95, "trend": 12.586097, "fair_value": 12.10438, "relative_strength": -17.415832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.944498, "energy": 35.840769, "activity_lines": [ 11.521333, 11.616116, 11.990848, 12.316965 ] }, { "date": "2026-05-29", "close": 11.78, "volume": 2016161, "typical_volume": 997112.7, "trend": 12.560536, "fair_value": 12.087134, "relative_strength": -16.216543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.614756, "energy": 29.404044, "activity_lines": [ 11.614667, 11.654314, 11.917097, 12.264959 ] }, { "date": "2026-06-05", "close": 11.03, "volume": 501848, "typical_volume": 977901.0, "trend": 12.526833, "fair_value": 12.064438, "relative_strength": -18.919902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.784846, "energy": 41.271947, "activity_lines": [ 11.436, 11.542886, 11.781646, 12.166215 ] }, { "date": "2026-06-12", "close": 11.52, "volume": 475150, "typical_volume": 964692.35, "trend": 12.490984, "fair_value": 12.045408, "relative_strength": -15.278512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.57261, "energy": 32.656916, "activity_lines": [ 11.432667, 11.51823, 11.705739, 12.101258 ] }, { "date": "2026-06-19", "close": 11.28, "volume": 284498, "typical_volume": 933211.1, "trend": 12.450616, "fair_value": 12.024139, "relative_strength": -17.324812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.497397, "energy": 34.110087, "activity_lines": [ 11.377333, 11.450909, 11.621607, 12.02313 ] }, { "date": "2026-06-26", "close": 11.39, "volume": 493542, "typical_volume": 897384.7, "trend": 12.390235, "fair_value": 12.002468, "relative_strength": -14.034455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.648259, "energy": 33.935451, "activity_lines": [ 11.364667, 11.423455, 11.563161, 11.954703 ] }, { "date": "2026-07-03", "close": 11.09, "volume": 1100874, "typical_volume": 913022.55, "trend": 12.334326, "fair_value": 11.977064, "relative_strength": -17.522788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.72051, "energy": 35.110359, "activity_lines": [ 11.261333, 11.358, 11.489938, 11.870817 ] }, { "date": "2026-07-10", "close": 11.1, "volume": 838576, "typical_volume": 926155.15, "trend": 12.264607, "fair_value": 11.949625, "relative_strength": -18.078053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.539451, "energy": 35.723222, "activity_lines": [ 11.207333, 11.300909, 11.433171, 11.791183 ] }, { "date": "2026-07-17", "close": 11.21, "volume": 1064904, "typical_volume": 906936.1, "trend": 12.226839, "fair_value": 11.921841, "relative_strength": -15.619135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.078431, "energy": 32.301464, "activity_lines": [ 11.185333, 11.265818, 11.400177, 11.723144 ] }, { "date": "2026-07-24", "close": 11.45, "volume": 1131731, "typical_volume": 878050.35, "trend": 12.181285, "fair_value": 11.896936, "relative_strength": -13.035268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.945761, "energy": 28.42377, "activity_lines": [ 11.264, 11.287636, 11.399334, 11.673025 ] }, { "date": "2026-07-31", "close": 11.49, "volume": 606425, "typical_volume": 834743.0, "trend": 12.147589, "fair_value": 11.877656, "relative_strength": -13.366288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.414595, "energy": 19.001984, "activity_lines": [ 11.344667, 11.315273, 11.402983, 11.628426 ] }, { "date": "2026-08-07", "close": 11.95, "volume": 482278, "typical_volume": 784828.55, "trend": 12.085155, "fair_value": 11.861733, "relative_strength": -12.656951, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.625688, "energy": 11.669544, "activity_lines": [ 11.572, 11.427273, 11.450416, 11.615678 ] } ], "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." } } }