{ "ticker": { "uuid": "3943f493-9702-4b70-971c-fe7b8851db0b", "symbol": "PUM", "name": "PUMA SE", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 53.494, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 49.48, "architecture_energy": 29.133, "architecture_maturity": 62.541, "architecture_confidence": 67.201, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 38.97, "rotation_up": 38.96, "upward_expansion": 74.29, "deceleration": 69.18, "rotation_down": 25.98, "downward_expansion": 3.29 }, "activity_lines": [ 27.670667, 27.664364, 27.357952, 26.375828 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 27.110001, "trend_reference": 25.001333, "distance_from_trend": 0.084342, "trend_direction": "Improving", "fair_value": 33.398444, "distance_from_fair_value": -0.188286, "fair_value_direction": "Improving", "relative_strength": 9.401864, "relative_strength_direction": "Weakening", "price_momentum": 0.194273, "excess_performance": 0.129633, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084342, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.111549, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.188286, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.100417, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.094019, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.068577, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.194273, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.0025, "read": "Demand-led" } ], "volume": { "latest": 2645474, "relative_activity": 0.945628, "balance": 2.0025, "dry_up": 1.010881, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.079165, "annualized_volatility": 0.345814, "from_high_reference": -0.105576, "from_low_reference": 0.771895 }, "levels": { "trend_reference": 25.001333, "fair_value_reference": 33.398444, "structural_low": 19.605, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.039794, "positive_rate": 0.272727, "directional_follow_through": 0.272727, "median_excess_return": -0.01102, "regime_survival": 0.545455, "best_return": 0.1512, "worst_return": -0.30092, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.063165, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.088605, "regime_survival": 0.2, "best_return": 0.223485, "worst_return": -0.536322, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.296709, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.411059, "regime_survival": 0.0, "best_return": -0.027211, "worst_return": -0.453056, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.366385, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.558383, "regime_survival": 0.0, "best_return": -0.351697, "worst_return": -0.471232, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-08-02", "tenure": "Developing", "return": -0.011805, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.119736, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-11-08", "tenure": "Developing", "return": 0.173121, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.032015, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": -0.069425, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": -0.116381, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-10-03", "tenure": "Extended", "return": -0.261673, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": -0.266405, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": 0.376727, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": -0.141531, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": 0.074399, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.155724, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.202143, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.0844, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 59.651905, "volume": 1197757, "typical_volume": 2074918.85, "trend": 52.663797, "fair_value": 71.180763, "relative_strength": 9.377681, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.876411, "energy": 82.368947, "activity_lines": [ 60.132085, 57.409953, 53.561563, 52.665201 ] }, { "date": "2023-08-25", "close": 57.621365, "volume": 1950363, "typical_volume": 2099458.35, "trend": 52.67642, "fair_value": 71.136916, "relative_strength": 5.739701, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.928878, "energy": 71.867679, "activity_lines": [ 59.603378, 57.872136, 54.124017, 52.985044 ] }, { "date": "2023-09-01", "close": 59.536972, "volume": 1649232, "typical_volume": 2109560.4, "trend": 52.553496, "fair_value": 71.111777, "relative_strength": 8.211301, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.399114, "energy": 52.958941, "activity_lines": [ 59.497382, 58.516476, 54.834948, 53.42766 ] }, { "date": "2023-09-08", "close": 58.655796, "volume": 1186810, "typical_volume": 2098903.25, "trend": 52.604362, "fair_value": 71.054085, "relative_strength": 7.65245, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.346218, "energy": 41.891333, "activity_lines": [ 59.055517, 58.821929, 55.4324, 53.821357 ] }, { "date": "2023-09-15", "close": 58.560013, "volume": 2130361, "typical_volume": 2042354.85, "trend": 52.633852, "fair_value": 70.980422, "relative_strength": 6.767463, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.858012, "energy": 33.460797, "activity_lines": [ 58.728587, 59.003389, 55.993846, 54.205592 ] }, { "date": "2023-09-22", "close": 56.989216, "volume": 1150939, "typical_volume": 2021574.3, "trend": 52.646095, "fair_value": 70.888714, "relative_strength": 6.38969, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.919676, "energy": 30.393657, "activity_lines": [ 58.123255, 58.739035, 56.364036, 54.486583 ] }, { "date": "2023-09-29", "close": 56.318756, "volume": 1843661, "typical_volume": 2025709.45, "trend": 52.743842, "fair_value": 70.777231, "relative_strength": 6.342633, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.711973, "energy": 22.71973, "activity_lines": [ 57.47195, 58.298794, 56.63127, 54.723529 ] }, { "date": "2023-10-06", "close": 51.817081, "volume": 3429687, "typical_volume": 2089474.1, "trend": 52.811924, "fair_value": 70.644987, "relative_strength": -1.01603, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.155651, "energy": 15.216769, "activity_lines": [ 55.406927, 57.00489, 56.433236, 54.663738 ] }, { "date": "2023-10-13", "close": 48.8479, "volume": 2024104, "typical_volume": 2054356.75, "trend": 52.848127, "fair_value": 70.482876, "relative_strength": -6.27055, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.794397, "energy": 26.789039, "activity_lines": [ 52.866836, 55.300002, 55.914882, 54.407995 ] }, { "date": "2023-10-20", "close": 48.062504, "volume": 2099220, "typical_volume": 2031098.55, "trend": 52.806734, "fair_value": 70.302874, "relative_strength": -5.362731, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.74467, "energy": 42.212385, "activity_lines": [ 50.718806, 53.670694, 55.2945, 54.099245 ] }, { "date": "2023-10-27", "close": 50.706032, "volume": 2657716, "typical_volume": 2046795.4, "trend": 52.714254, "fair_value": 70.181246, "relative_strength": 0.484296, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.062797, "energy": 49.485538, "activity_lines": [ 50.151786, 52.779763, 54.912337, 53.963716 ] }, { "date": "2023-11-03", "close": 53.349571, "volume": 1197583, "typical_volume": 1947858.95, "trend": 52.809592, "fair_value": 70.047635, "relative_strength": 2.063027, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.951094, "energy": 47.592375, "activity_lines": [ 50.884825, 52.532128, 54.765109, 54.004704 ] }, { "date": "2023-11-10", "close": 52.066113, "volume": 1719134, "typical_volume": 1885021.55, "trend": 52.767464, "fair_value": 69.890439, "relative_strength": -0.678248, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.634752, "energy": 26.103468, "activity_lines": [ 51.38799, 52.128806, 54.472478, 53.956738 ] }, { "date": "2023-11-17", "close": 50.667725, "volume": 1898680, "typical_volume": 1868181.55, "trend": 52.689384, "fair_value": 69.711542, "relative_strength": -7.41566, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.16764, "energy": 18.232166, "activity_lines": [ 51.408424, 51.607066, 54.035447, 53.821271 ] }, { "date": "2023-11-24", "close": 53.98172, "volume": 1583917, "typical_volume": 1872655.3, "trend": 52.828367, "fair_value": 69.568769, "relative_strength": -2.120256, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.803581, "energy": 5.535806, "activity_lines": [ 52.412201, 51.833107, 53.924159, 53.904647 ] }, { "date": "2023-12-01", "close": 57.084995, "volume": 2453282, "typical_volume": 1915919.55, "trend": 53.10528, "fair_value": 69.420293, "relative_strength": 1.057047, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.351534, "energy": 14.257756, "activity_lines": [ 54.055788, 52.706623, 54.088263, 54.179268 ] }, { "date": "2023-12-08", "close": 53.636909, "volume": 2962822, "typical_volume": 1978828.7, "trend": 53.271646, "fair_value": 69.24912, "relative_strength": -6.988264, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.861995, "energy": 9.044649, "activity_lines": [ 54.12475, 52.951472, 53.909381, 54.213567 ] }, { "date": "2023-12-15", "close": 50.62941, "volume": 3188575, "typical_volume": 1982140.95, "trend": 53.494836, "fair_value": 69.04081, "relative_strength": -11.906255, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.409495, "energy": 11.464953, "activity_lines": [ 53.172056, 52.698263, 53.44763, 54.0431 ] }, { "date": "2023-12-22", "close": 47.794319, "volume": 2223078, "typical_volume": 2007720.05, "trend": 53.650319, "fair_value": 68.808493, "relative_strength": -16.219913, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.528257, "energy": 21.027155, "activity_lines": [ 51.370111, 51.951178, 52.755276, 53.675325 ] }, { "date": "2023-12-29", "close": 48.388153, "volume": 914208, "typical_volume": 1973056.45, "trend": 53.755996, "fair_value": 68.569387, "relative_strength": -14.958182, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.077539, "energy": 57.42805, "activity_lines": [ 49.957672, 51.331219, 52.181689, 53.33583 ] }, { "date": "2024-01-05", "close": 44.987961, "volume": 2506581, "typical_volume": 2038497.65, "trend": 53.683204, "fair_value": 68.330391, "relative_strength": -19.601075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.235219, "energy": 77.135002, "activity_lines": [ 47.78474, 50.087122, 51.350226, 52.770151 ] }, { "date": "2024-01-12", "close": 45.409393, "volume": 2355298, "typical_volume": 2058744.4, "trend": 53.580719, "fair_value": 68.098024, "relative_strength": -18.835778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.670814, "energy": 78.795492, "activity_lines": [ 46.558754, 49.023614, 50.628728, 52.236356 ] }, { "date": "2024-01-19", "close": 40.27557, "volume": 3971734, "typical_volume": 2174869.5, "trend": 53.26624, "fair_value": 67.849415, "relative_strength": -26.763476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.977144, "energy": 87.999752, "activity_lines": [ 44.169995, 47.17105, 49.476446, 51.37796 ] }, { "date": "2024-01-26", "close": 36.51141, "volume": 8183956, "typical_volume": 2524726.8, "trend": 52.723486, "fair_value": 67.602629, "relative_strength": -34.582694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.543089, "energy": 94.462497, "activity_lines": [ 41.216772, 44.848467, 48.057394, 50.297003 ] }, { "date": "2024-02-02", "close": 36.837063, "volume": 4354237, "typical_volume": 2635920.6, "trend": 52.293114, "fair_value": 67.333525, "relative_strength": -33.084676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.970696, "energy": 92.174925, "activity_lines": [ 39.124294, 42.842481, 46.774806, 49.272072 ] }, { "date": "2024-02-09", "close": 38.838867, "volume": 4260230, "typical_volume": 2791385.15, "trend": 51.787075, "fair_value": 67.073802, "relative_strength": -28.878693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.801016, "energy": 86.959572, "activity_lines": [ 38.469157, 41.512181, 45.786308, 48.404056 ] }, { "date": "2024-02-16", "close": 40.428818, "volume": 3350831, "typical_volume": 2866743.65, "trend": 51.321902, "fair_value": 66.802961, "relative_strength": -26.19316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.858287, "energy": 80.275792, "activity_lines": [ 38.753942, 40.802711, 45.035665, 47.671266 ] }, { "date": "2024-02-23", "close": 40.524601, "volume": 2465675, "typical_volume": 2818543.05, "trend": 50.709228, "fair_value": 66.539043, "relative_strength": -26.685256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.878898, "energy": 59.127348, "activity_lines": [ 39.402694, 40.350803, 44.36981, 46.974665 ] }, { "date": "2024-03-01", "close": 40.084011, "volume": 6844832, "typical_volume": 3059579.45, "trend": 50.016737, "fair_value": 66.298015, "relative_strength": -28.266142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.73934, "energy": 49.983557, "activity_lines": [ 39.887981, 40.002511, 43.715768, 46.289168 ] }, { "date": "2024-03-08", "close": 39.720047, "volume": 3083948, "typical_volume": 3108815.85, "trend": 49.26614, "fair_value": 66.028226, "relative_strength": -28.801371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.367272, "energy": 43.643878, "activity_lines": [ 40.013772, 39.728231, 43.068796, 45.624865 ] }, { "date": "2024-03-15", "close": 40.026543, "volume": 3206641, "typical_volume": 3136262.1, "trend": 48.611961, "fair_value": 65.759925, "relative_strength": -28.299116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.160946, "energy": 40.999826, "activity_lines": [ 40.04953, 39.66728, 42.49074, 45.028762 ] }, { "date": "2024-03-22", "close": 37.545837, "volume": 3888973, "typical_volume": 3270831.6, "trend": 47.942777, "fair_value": 65.510723, "relative_strength": -33.228557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.509911, "energy": 51.979721, "activity_lines": [ 39.179208, 39.245499, 41.72728, 44.314818 ] }, { "date": "2024-03-29", "close": 40.246841, "volume": 2236567, "typical_volume": 3296703.25, "trend": 47.299773, "fair_value": 65.263239, "relative_strength": -28.983446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.083461, "energy": 43.145686, "activity_lines": [ 39.401419, 39.457784, 41.296315, 43.818306 ] }, { "date": "2024-04-05", "close": 40.361774, "volume": 2089366, "typical_volume": 3306237.55, "trend": 46.689972, "fair_value": 64.972563, "relative_strength": -27.071651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.554241, "energy": 40.15859, "activity_lines": [ 39.680459, 39.691487, 40.932579, 43.370694 ] }, { "date": "2024-04-12", "close": 38.685619, "volume": 2798668, "typical_volume": 3366975.1, "trend": 46.027492, "fair_value": 64.674357, "relative_strength": -28.597823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.754353, "energy": 42.227653, "activity_lines": [ 39.382262, 39.550429, 40.458284, 42.854284 ] }, { "date": "2024-04-19", "close": 40.76405, "volume": 2810474, "typical_volume": 3384834.7, "trend": 45.486653, "fair_value": 64.400784, "relative_strength": -23.436581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.654516, "energy": 27.827916, "activity_lines": [ 39.845838, 39.753657, 40.254774, 42.514707 ] }, { "date": "2024-04-26", "close": 41.86552, "volume": 2600241, "typical_volume": 3366705.65, "trend": 45.004879, "fair_value": 64.14701, "relative_strength": -22.794906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.382539, "energy": 22.034693, "activity_lines": [ 40.627403, 40.122149, 40.233884, 42.281085 ] }, { "date": "2024-05-03", "close": 42.880795, "volume": 2660761, "typical_volume": 3340314.95, "trend": 44.707002, "fair_value": 63.886269, "relative_strength": -19.874542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.328011, "energy": 12.729241, "activity_lines": [ 41.459414, 40.649114, 40.365742, 42.144048 ] }, { "date": "2024-05-10", "close": 48.675495, "volume": 4907582, "typical_volume": 3474540.15, "trend": 44.701256, "fair_value": 63.660407, "relative_strength": -12.520888, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 23.914159, "energy": 33.082547, "activity_lines": [ 44.047396, 42.186822, 41.086374, 42.40008 ] }, { "date": "2024-05-17", "close": 49.250172, "volume": 2207279, "typical_volume": 3539193.7, "trend": 44.740844, "fair_value": 63.425587, "relative_strength": -11.126024, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.661459, "energy": 66.788422, "activity_lines": [ 46.272688, 43.672807, 41.857541, 42.693558 ] }, { "date": "2024-05-24", "close": 46.482021, "volume": 2173866, "typical_volume": 3522557.95, "trend": 44.600044, "fair_value": 63.164078, "relative_strength": -15.956158, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.546169, "energy": 61.938324, "activity_lines": [ 46.870959, 44.482218, 42.36097, 42.805892 ] }, { "date": "2024-05-31", "close": 46.306728, "volume": 2336081, "typical_volume": 3521597.1, "trend": 44.365283, "fair_value": 62.908959, "relative_strength": -15.215631, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.009072, "energy": 62.537879, "activity_lines": [ 47.029602, 45.142384, 42.840589, 42.916001 ] }, { "date": "2024-06-07", "close": 46.228821, "volume": 1904948, "typical_volume": 3418257.8, "trend": 44.170706, "fair_value": 62.649046, "relative_strength": -15.371826, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.1351, "energy": 53.981553, "activity_lines": [ 46.866195, 45.629097, 43.308516, 43.036229 ] }, { "date": "2024-06-14", "close": 43.881836, "volume": 1744901, "typical_volume": 3096305.05, "trend": 43.94451, "fair_value": 62.364548, "relative_strength": -16.904815, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.505639, "energy": 25.529861, "activity_lines": [ 45.697257, 45.580322, 43.524572, 43.017592 ] }, { "date": "2024-06-21", "close": 42.898243, "volume": 2165617, "typical_volume": 2986874.05, "trend": 43.575061, "fair_value": 62.051323, "relative_strength": -19.076661, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 8.157609, "energy": 10.500765, "activity_lines": [ 44.520033, 45.28871, 43.611855, 42.950091 ] }, { "date": "2024-06-28", "close": 41.749096, "volume": 2310825, "typical_volume": 2889403.8, "trend": 43.063864, "fair_value": 61.714273, "relative_strength": -21.045245, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.609769, "energy": 18.202642, "activity_lines": [ 43.383222, 44.71157, 43.560832, 42.832287 ] }, { "date": "2024-07-05", "close": 42.576874, "volume": 2164440, "typical_volume": 2830084.25, "trend": 42.695196, "fair_value": 61.373585, "relative_strength": -20.057184, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.235328, "energy": 23.364383, "activity_lines": [ 42.837865, 44.267025, 43.574787, 42.800868 ] }, { "date": "2024-07-12", "close": 43.53125, "volume": 1474209, "typical_volume": 2780510.95, "trend": 42.458591, "fair_value": 61.047959, "relative_strength": -18.895687, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.681786, "energy": 21.180148, "activity_lines": [ 42.85929, 43.983069, 43.669407, 42.854807 ] }, { "date": "2024-07-19", "close": 42.820335, "volume": 1711057, "typical_volume": 2523822.2, "trend": 42.292791, "fair_value": 60.69124, "relative_strength": -17.130667, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.76627, "energy": 14.381426, "activity_lines": [ 42.823582, 43.558029, 43.682003, 42.878145 ] }, { "date": "2024-07-26", "close": 44.154514, "volume": 1277714, "typical_volume": 2433510.5, "trend": 42.15167, "fair_value": 60.357086, "relative_strength": -15.010509, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.781735, "energy": 10.564559, "activity_lines": [ 43.303367, 43.482025, 43.808633, 42.998257 ] }, { "date": "2024-08-02", "close": 42.391838, "volume": 1474776, "typical_volume": 2346917.25, "trend": 42.065133, "fair_value": 59.991955, "relative_strength": -14.080261, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.582336, "energy": 5.782703, "activity_lines": [ 43.111842, 43.178182, 43.746273, 43.013751 ] }, { "date": "2024-08-09", "close": 33.997223, "volume": 7108934, "typical_volume": 2507915.3, "trend": 41.684727, "fair_value": 59.562875, "relative_strength": -30.369389, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -49.118116, "energy": 57.621432, "activity_lines": [ 40.079262, 41.422413, 42.873163, 42.493241 ] }, { "date": "2024-08-16", "close": 35.876759, "volume": 2603140, "typical_volume": 2526243.95, "trend": 41.5381, "fair_value": 59.158962, "relative_strength": -27.983051, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.851673, "energy": 66.235047, "activity_lines": [ 38.245171, 40.232187, 42.195954, 42.118533 ] }, { "date": "2024-08-23", "close": 36.509766, "volume": 1278140, "typical_volume": 2485682.65, "trend": 41.538045, "fair_value": 58.766262, "relative_strength": -27.043393, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.713683, "energy": 73.035944, "activity_lines": [ 37.132382, 39.345272, 41.599841, 41.794125 ] }, { "date": "2024-08-30", "close": 38.067928, "volume": 1958978, "typical_volume": 2443698.15, "trend": 41.579074, "fair_value": 58.398757, "relative_strength": -24.082798, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.048934, "energy": 80.292874, "activity_lines": [ 36.959684, 38.875697, 41.170468, 41.570246 ] }, { "date": "2024-09-06", "close": 37.970547, "volume": 1698347, "typical_volume": 2388091.8, "trend": 41.55013, "fair_value": 58.007372, "relative_strength": -20.825482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.183252, "energy": 70.925485, "activity_lines": [ 37.160299, 38.47624, 40.734761, 41.337438 ] }, { "date": "2024-09-13", "close": 37.298584, "volume": 1871989, "typical_volume": 2351679.2, "trend": 41.445789, "fair_value": 57.645669, "relative_strength": -22.924001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.877204, "energy": 47.983324, "activity_lines": [ 37.431679, 38.02331, 40.248361, 41.063145 ] }, { "date": "2024-09-20", "close": 34.347809, "volume": 3513537, "typical_volume": 2394318.0, "trend": 41.239896, "fair_value": 57.275606, "relative_strength": -28.12323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.991211, "energy": 53.828812, "activity_lines": [ 36.499376, 37.129843, 39.502682, 40.60521 ] }, { "date": "2024-09-27", "close": 37.610218, "volume": 2733971, "typical_volume": 2285637.45, "trend": 41.157436, "fair_value": 56.936116, "relative_strength": -23.343642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.874714, "energy": 43.51404, "activity_lines": [ 36.756473, 36.996514, 39.108341, 40.371038 ] }, { "date": "2024-10-04", "close": 36.139702, "volume": 2155271, "typical_volume": 2283037.05, "trend": 41.038091, "fair_value": 56.580402, "relative_strength": -24.106062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.461729, "energy": 44.937183, "activity_lines": [ 36.450035, 36.690547, 38.626644, 40.047313 ] }, { "date": "2024-10-11", "close": 35.253494, "volume": 1759782, "typical_volume": 2262332.85, "trend": 40.87899, "fair_value": 56.200819, "relative_strength": -26.136793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.806776, "energy": 48.680874, "activity_lines": [ 35.976742, 36.369176, 38.122976, 39.674113 ] }, { "date": "2024-10-18", "close": 38.340607, "volume": 2416948, "typical_volume": 2266376.2, "trend": 40.905482, "fair_value": 55.832379, "relative_strength": -20.017354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.16304, "energy": 33.63574, "activity_lines": [ 36.713624, 36.738885, 37.966788, 39.510346 ] }, { "date": "2024-10-25", "close": 41.427727, "volume": 2580422, "typical_volume": 2300149.9, "trend": 40.944845, "fair_value": 55.458086, "relative_strength": -11.796004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.464335, "energy": 13.614443, "activity_lines": [ 38.410078, 37.590919, 38.142546, 39.54404 ] }, { "date": "2024-11-01", "close": 41.953606, "volume": 2872964, "typical_volume": 2356553.05, "trend": 40.997906, "fair_value": 55.057347, "relative_strength": -8.738754, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.339575, "energy": 14.690334, "activity_lines": [ 39.80983, 38.437641, 38.39125, 39.609121 ] }, { "date": "2024-11-08", "close": 44.544056, "volume": 3904070, "typical_volume": 2443475.7, "trend": 41.193187, "fair_value": 54.679178, "relative_strength": -2.037024, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.949848, "energy": 40.690544, "activity_lines": [ 41.783506, 39.656374, 38.895845, 39.837905 ] }, { "date": "2024-11-15", "close": 45.323139, "volume": 2683916, "typical_volume": 2462130.25, "trend": 41.345157, "fair_value": 54.285727, "relative_strength": 0.37238, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.437424, "energy": 62.268965, "activity_lines": [ 43.456587, 40.899011, 39.466801, 40.104353 ] }, { "date": "2024-11-22", "close": 42.683998, "volume": 2237332, "typical_volume": 2465774.85, "trend": 41.372439, "fair_value": 53.939464, "relative_strength": -5.119671, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.617802, "energy": 55.867903, "activity_lines": [ 43.578644, 41.528121, 39.769392, 40.19073 ] }, { "date": "2024-11-29", "close": 43.141705, "volume": 2032246, "typical_volume": 2493676.7, "trend": 41.381136, "fair_value": 53.594942, "relative_strength": -4.575565, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.09421, "energy": 53.9327, "activity_lines": [ 43.56371, 42.142533, 40.115063, 40.304876 ] }, { "date": "2024-12-06", "close": 45.313396, "volume": 2839900, "typical_volume": 2550118.85, "trend": 41.269066, "fair_value": 53.250328, "relative_strength": -2.705807, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.32946, "energy": 43.771859, "activity_lines": [ 44.158409, 42.99191, 40.669417, 40.558571 ] }, { "date": "2024-12-13", "close": 44.553795, "volume": 1922070, "typical_volume": 2582336.65, "trend": 41.11252, "fair_value": 52.921418, "relative_strength": -3.75701, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.550268, "energy": 33.028074, "activity_lines": [ 44.275921, 43.563119, 41.139557, 40.770489 ] }, { "date": "2024-12-20", "close": 44.339546, "volume": 2530779, "typical_volume": 2635136.8, "trend": 41.041105, "fair_value": 52.575928, "relative_strength": -1.180848, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.989789, "energy": 33.021363, "activity_lines": [ 44.321367, 43.942391, 41.58739, 40.978684 ] }, { "date": "2024-12-27", "close": 43.872097, "volume": 580031, "typical_volume": 2308691.65, "trend": 40.95995, "fair_value": 52.216111, "relative_strength": -2.1316, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.566584, "energy": 42.315937, "activity_lines": [ 44.27657, 44.071471, 41.98143, 41.161328 ] }, { "date": "2025-01-03", "close": 42.362625, "volume": 834793, "typical_volume": 2220274.3, "trend": 40.831077, "fair_value": 51.890746, "relative_strength": -4.650927, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.223816, "energy": 29.907714, "activity_lines": [ 43.649409, 43.825529, 42.184687, 41.251824 ] }, { "date": "2025-01-10", "close": 41.593277, "volume": 1857914, "typical_volume": 2249263.0, "trend": 40.754792, "fair_value": 51.601834, "relative_strength": -7.284338, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.375354, "energy": 19.906628, "activity_lines": [ 42.817738, 43.422707, 42.283788, 41.300998 ] }, { "date": "2025-01-17", "close": 39.421585, "volume": 2454780, "typical_volume": 2274053.1, "trend": 40.638903, "fair_value": 51.295185, "relative_strength": -14.615371, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.735801, "energy": 17.226601, "activity_lines": [ 41.510177, 42.631584, 42.151854, 41.214984 ] }, { "date": "2025-01-24", "close": 31.212002, "volume": 10301272, "typical_volume": 2704199.35, "trend": 40.287667, "fair_value": 50.947002, "relative_strength": -33.548555, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.771381, "energy": 44.887147, "activity_lines": [ 37.808235, 40.440945, 41.231609, 40.606797 ] }, { "date": "2025-01-31", "close": 29.614882, "volume": 7046569, "typical_volume": 2962928.35, "trend": 39.8556, "fair_value": 50.591443, "relative_strength": -37.480833, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.748491, "energy": 76.297223, "activity_lines": [ 34.44909, 38.216487, 40.19144, 39.918231 ] }, { "date": "2025-02-07", "close": 27.579529, "volume": 6295285, "typical_volume": 3102015.75, "trend": 39.323876, "fair_value": 50.240131, "relative_strength": -41.392545, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.234021, "energy": 96.246876, "activity_lines": [ 31.361975, 35.859584, 38.994018, 39.126226 ] }, { "date": "2025-02-14", "close": 29.079264, "volume": 5224284, "typical_volume": 3226531.4, "trend": 38.865841, "fair_value": 49.888056, "relative_strength": -39.624125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.995477, "energy": 90.712249, "activity_lines": [ 29.760311, 34.05831, 37.971658, 38.465283 ] }, { "date": "2025-02-21", "close": 27.764561, "volume": 4726020, "typical_volume": 3355068.85, "trend": 38.319509, "fair_value": 49.577883, "relative_strength": -41.198382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.71275, "energy": 91.630922, "activity_lines": [ 28.554681, 32.313165, 36.864711, 37.749072 ] }, { "date": "2025-02-28", "close": 28.076193, "volume": 5320924, "typical_volume": 3533125.95, "trend": 37.842321, "fair_value": 49.354267, "relative_strength": -40.687568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.102992, "energy": 89.342778, "activity_lines": [ 28.230063, 30.929938, 35.827325, 37.088213 ] }, { "date": "2025-03-07", "close": 28.446257, "volume": 6300943, "typical_volume": 3727325.7, "trend": 37.657288, "fair_value": 49.115133, "relative_strength": -40.559756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.044234, "energy": 84.00766, "activity_lines": [ 28.237853, 29.909694, 34.859361, 36.482015 ] }, { "date": "2025-03-14", "close": 21.677977, "volume": 17584729, "typical_volume": 4477541.05, "trend": 37.183996, "fair_value": 48.787411, "relative_strength": -54.112244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.189986, "energy": 77.80717, "activity_lines": [ 26.067459, 27.939323, 33.293915, 35.451092 ] }, { "date": "2025-03-21", "close": 23.167973, "volume": 7656827, "typical_volume": 4716734.2, "trend": 36.739269, "fair_value": 48.480571, "relative_strength": -50.265658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.469539, "energy": 71.110937, "activity_lines": [ 24.787166, 26.615945, 31.964419, 34.546832 ] }, { "date": "2025-03-28", "close": 22.038301, "volume": 4092916, "typical_volume": 4726176.5, "trend": 36.204948, "fair_value": 48.16315, "relative_strength": -51.233865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.560086, "energy": 71.082607, "activity_lines": [ 23.524402, 25.422177, 30.616792, 33.598382 ] }, { "date": "2025-04-04", "close": 19.642624, "volume": 9640298, "typical_volume": 5073995.6, "trend": 35.594018, "fair_value": 47.839198, "relative_strength": -52.122284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.463487, "energy": 72.849292, "activity_lines": [ 21.84483, 24.108892, 29.148174, 32.529845 ] }, { "date": "2025-04-11", "close": 18.522692, "volume": 10807468, "typical_volume": 5502502.4, "trend": 34.968155, "fair_value": 47.508543, "relative_strength": -53.699746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.239977, "energy": 81.536937, "activity_lines": [ 20.354185, 22.802335, 27.695185, 31.42847 ] }, { "date": "2025-04-18", "close": 20.080858, "volume": 6220617, "typical_volume": 5711920.95, "trend": 34.49259, "fair_value": 47.191694, "relative_strength": -51.126898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.830709, "energy": 69.56782, "activity_lines": [ 20.0445, 21.980757, 26.505646, 30.467999 ] }, { "date": "2025-04-25", "close": 22.135687, "volume": 5193761, "typical_volume": 5829614.0, "trend": 33.976772, "fair_value": 46.912107, "relative_strength": -47.959934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.441647, "energy": 71.152059, "activity_lines": [ 20.526233, 21.669124, 25.621619, 29.670779 ] }, { "date": "2025-05-02", "close": 22.447321, "volume": 2964240, "typical_volume": 5881722.5, "trend": 33.520359, "fair_value": 46.660399, "relative_strength": -48.425881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.933591, "energy": 63.389508, "activity_lines": [ 21.180662, 21.540398, 24.877642, 28.926944 ] }, { "date": "2025-05-09", "close": 21.979872, "volume": 6861471, "typical_volume": 6098257.1, "trend": 33.077905, "fair_value": 46.405656, "relative_strength": -49.533429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.81962, "energy": 53.47961, "activity_lines": [ 21.652008, 21.423358, 24.194414, 28.182396 ] }, { "date": "2025-05-16", "close": 22.729738, "volume": 5479165, "typical_volume": 6343213.8, "trend": 32.557543, "fair_value": 46.177064, "relative_strength": -47.486805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.464633, "energy": 45.622156, "activity_lines": [ 22.217492, 21.553501, 23.689077, 27.514773 ] }, { "date": "2025-05-23", "close": 22.030001, "volume": 4690561, "typical_volume": 6536002.2, "trend": 31.910952, "fair_value": 45.916975, "relative_strength": -47.952281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.865625, "energy": 40.954466, "activity_lines": [ 22.26926, 21.660355, 23.217776, 26.835576 ] }, { "date": "2025-05-30", "close": 22.799999, "volume": 11221533, "typical_volume": 7004183.15, "trend": 31.272498, "fair_value": 45.63879, "relative_strength": -46.05943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.96749, "energy": 36.066788, "activity_lines": [ 22.447752, 21.900808, 22.91663, 26.247773 ] }, { "date": "2025-06-06", "close": 21.66, "volume": 4660955, "typical_volume": 7114491.9, "trend": 30.509696, "fair_value": 45.359809, "relative_strength": -48.504152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.154588, "energy": 35.820225, "activity_lines": [ 22.201956, 21.940679, 22.596405, 25.627612 ] }, { "date": "2025-06-13", "close": 21.120001, "volume": 4093657, "typical_volume": 6804111.15, "trend": 29.702925, "fair_value": 45.103172, "relative_strength": -47.201718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.954878, "energy": 46.808858, "activity_lines": [ 21.828649, 21.889246, 22.30933, 25.021825 ] }, { "date": "2025-06-20", "close": 21.41, "volume": 4022274, "typical_volume": 6652896.4, "trend": 28.993792, "fair_value": 44.837179, "relative_strength": -45.201842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.637465, "energy": 45.051849, "activity_lines": [ 21.609334, 21.86368, 22.097931, 24.486797 ] }, { "date": "2025-06-27", "close": 22.77, "volume": 3882958, "typical_volume": 6532280.05, "trend": 28.314735, "fair_value": 44.607518, "relative_strength": -42.489353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.23568, "energy": 38.342075, "activity_lines": [ 21.931333, 22.032889, 22.055127, 24.085262 ] }, { "date": "2025-07-04", "close": 23.17, "volume": 4391296, "typical_volume": 6490630.65, "trend": 27.576622, "fair_value": 44.358234, "relative_strength": -39.941664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.893255, "energy": 25.460661, "activity_lines": [ 22.337333, 22.225932, 22.073321, 23.753344 ] }, { "date": "2025-07-11", "close": 22.790001, "volume": 3055145, "typical_volume": 6407086.9, "trend": 26.851162, "fair_value": 44.12026, "relative_strength": -41.100722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.084483, "energy": 18.048977, "activity_lines": [ 22.592, 22.331079, 22.083464, 23.44453 ] }, { "date": "2025-07-18", "close": 21.91, "volume": 3726217, "typical_volume": 6327351.55, "trend": 26.103511, "fair_value": 43.83625, "relative_strength": -42.445686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.999759, "energy": 15.054865, "activity_lines": [ 22.478, 22.269995, 22.033485, 23.125745 ] }, { "date": "2025-07-25", "close": 20.700001, "volume": 12379340, "typical_volume": 6631271.4, "trend": 25.331107, "fair_value": 43.573303, "relative_strength": -44.410246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.071184, "energy": 27.672636, "activity_lines": [ 21.908001, 21.990182, 21.897631, 22.777132 ] }, { "date": "2025-08-01", "close": 18.299999, "volume": 10987705, "typical_volume": 6301420.2, "trend": 24.52902, "fair_value": 43.285445, "relative_strength": -48.144857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.025691, "energy": 48.581513, "activity_lines": [ 20.585333, 21.310909, 21.570093, 22.323512 ] }, { "date": "2025-08-08", "close": 18.094999, "volume": 7181470, "typical_volume": 6277652.35, "trend": 23.745744, "fair_value": 42.986505, "relative_strength": -49.536134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.26703, "energy": 73.991742, "activity_lines": [ 19.492333, 20.662182, 21.239116, 21.908414 ] }, { "date": "2025-08-15", "close": 17.16, "volume": 5410526, "typical_volume": 6343532.85, "trend": 23.003691, "fair_value": 42.700263, "relative_strength": -51.745695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.526242, "energy": 84.428915, "activity_lines": [ 18.426, 19.929, 20.843249, 21.483527 ] }, { "date": "2025-08-22", "close": 18.74, "volume": 4166521, "typical_volume": 6069844.0, "trend": 22.587958, "fair_value": 42.445974, "relative_strength": -46.471655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.681401, "energy": 78.738364, "activity_lines": [ 18.261666, 19.564909, 20.621088, 21.20845 ] }, { "date": "2025-08-29", "close": 21.49, "volume": 11459559, "typical_volume": 6102448.55, "trend": 22.317128, "fair_value": 42.214017, "relative_strength": -36.485863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.640529, "energy": 48.781784, "activity_lines": [ 19.225333, 19.744091, 20.66513, 21.137614 ] }, { "date": "2025-09-05", "close": 19.715, "volume": 3335153, "typical_volume": 5958175.35, "trend": 22.054977, "fair_value": 41.976349, "relative_strength": -39.967575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.266268, "energy": 34.18658, "activity_lines": [ 19.544667, 19.599091, 20.525995, 20.969735 ] }, { "date": "2025-09-12", "close": 19.0, "volume": 4232868, "typical_volume": 5910130.7, "trend": 21.719002, "fair_value": 41.752185, "relative_strength": -41.426264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.10027, "energy": 24.228698, "activity_lines": [ 19.531333, 19.379636, 20.320506, 20.77264 ] }, { "date": "2025-09-19", "close": 21.6, "volume": 11072034, "typical_volume": 6315520.4, "trend": 21.513516, "fair_value": 41.570253, "relative_strength": -32.370262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.147087, "energy": 16.251856, "activity_lines": [ 20.324333, 19.708727, 20.377568, 20.764962 ] }, { "date": "2025-09-26", "close": 20.620001, "volume": 3392223, "typical_volume": 6142058.0, "trend": 21.264977, "fair_value": 41.413209, "relative_strength": -34.723342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.315398, "energy": 15.065709, "activity_lines": [ 20.494667, 19.881273, 20.345332, 20.707316 ] }, { "date": "2025-10-03", "close": 21.469999, "volume": 3331264, "typical_volume": 6034662.95, "trend": 21.032435, "fair_value": 41.264086, "relative_strength": -32.835155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.229295, "energy": 12.808723, "activity_lines": [ 20.823, 20.231818, 20.400524, 20.720543 ] }, { "date": "2025-10-10", "close": 21.639999, "volume": 3910644, "typical_volume": 5995667.1, "trend": 21.031169, "fair_value": 41.123167, "relative_strength": -30.981499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.919913, "energy": 17.141567, "activity_lines": [ 21.209333, 20.599273, 20.477905, 20.759741 ] }, { "date": "2025-10-17", "close": 21.129999, "volume": 3067097, "typical_volume": 5587945.3, "trend": 20.963236, "fair_value": 40.994233, "relative_strength": -30.345611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.218694, "energy": 13.212105, "activity_lines": [ 21.297333, 20.813272, 20.508571, 20.766117 ] }, { "date": "2025-10-24", "close": 22.030001, "volume": 3259159, "typical_volume": 5517855.5, "trend": 20.96296, "fair_value": 40.859432, "relative_strength": -27.263617, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.51991, "energy": 23.349549, "activity_lines": [ 21.543333, 21.135727, 20.632905, 20.83494 ] }, { "date": "2025-10-31", "close": 18.42, "volume": 6575075, "typical_volume": 5641926.4, "trend": 20.922206, "fair_value": 40.699681, "relative_strength": -37.102991, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.147495, "energy": 16.594118, "activity_lines": [ 20.557333, 20.713273, 20.411667, 20.670879 ] }, { "date": "2025-11-07", "close": 15.875, "volume": 7469757, "typical_volume": 5814300.55, "trend": 20.833949, "fair_value": 40.488284, "relative_strength": -43.436549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.84775, "energy": 54.285289, "activity_lines": [ 18.869667, 19.833909, 19.960905, 20.345252 ] }, { "date": "2025-11-14", "close": 16.285, "volume": 4511470, "typical_volume": 5845726.15, "trend": 20.707421, "fair_value": 40.282531, "relative_strength": -41.12604, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.721232, "energy": 68.938905, "activity_lines": [ 17.691667, 19.131182, 19.575548, 20.051772 ] }, { "date": "2025-11-21", "close": 15.63, "volume": 4729291, "typical_volume": 5862625.9, "trend": 20.490564, "fair_value": 40.082647, "relative_strength": -40.049125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.230261, "energy": 78.439781, "activity_lines": [ 16.652333, 18.371727, 19.15869, 19.724196 ] }, { "date": "2025-11-28", "close": 19.950001, "volume": 9422423, "typical_volume": 6180989.8, "trend": 20.40732, "fair_value": 39.90714, "relative_strength": -24.111032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.494302, "energy": 65.264924, "activity_lines": [ 17.419667, 18.459, 19.189167, 19.689321 ] }, { "date": "2025-12-05", "close": 21.09, "volume": 5530324, "typical_volume": 6271195.15, "trend": 20.377658, "fair_value": 39.728329, "relative_strength": -18.501728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.008165, "energy": 23.773221, "activity_lines": [ 18.705667, 18.783546, 19.341738, 19.733365 ] }, { "date": "2025-12-12", "close": 21.75, "volume": 4511979, "typical_volume": 5877827.1, "trend": 20.345, "fair_value": 39.552181, "relative_strength": -14.542056, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.339537, "energy": 12.816205, "activity_lines": [ 20.033667, 19.219546, 19.561071, 19.821903 ] }, { "date": "2025-12-19", "close": 22.42, "volume": 8682500, "typical_volume": 5762566.85, "trend": 20.358, "fair_value": 39.365255, "relative_strength": -10.133042, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.129546, "energy": 31.416135, "activity_lines": [ 21.193333, 19.772273, 19.839214, 19.955774 ] }, { "date": "2025-12-26", "close": 21.549999, "volume": 1573848, "typical_volume": 5482185.75, "trend": 20.316333, "fair_value": 39.161537, "relative_strength": -11.636485, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.192677, "energy": 33.262919, "activity_lines": [ 21.654, 20.152636, 20.014881, 20.032677 ] }, { "date": "2026-01-02", "close": 22.4, "volume": 2182680, "typical_volume": 5320793.45, "trend": 20.341, "fair_value": 38.931313, "relative_strength": -6.721267, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.487948, "energy": 53.965904, "activity_lines": [ 22.003333, 20.679909, 20.255048, 20.167107 ] }, { "date": "2026-01-09", "close": 23.950001, "volume": 8980897, "typical_volume": 5561512.25, "trend": 20.435333, "fair_value": 38.707408, "relative_strength": -0.958965, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.436785, "energy": 62.062728, "activity_lines": [ 22.706, 21.482273, 20.617881, 20.399946 ] }, { "date": "2026-01-16", "close": 21.91, "volume": 4058979, "typical_volume": 5191483.25, "trend": 20.452, "fair_value": 38.476214, "relative_strength": -7.629758, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.031863, "energy": 51.979562, "activity_lines": [ 22.538, 21.813182, 20.761619, 20.495086 ] }, { "date": "2026-01-23", "close": 18.5, "volume": 6778279, "typical_volume": 5363639.55, "trend": 20.309667, "fair_value": 38.227863, "relative_strength": -19.583549, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 21.58139, "energy": 16.605654, "activity_lines": [ 21.222667, 21.414364, 20.578595, 20.369151 ] }, { "date": "2026-01-30", "close": 21.639999, "volume": 16080729, "typical_volume": 5956032.6, "trend": 20.258667, "fair_value": 37.961295, "relative_strength": -3.582138, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.693381, "energy": 18.642023, "activity_lines": [ 21.215333, 21.546182, 20.700405, 20.454978 ] }, { "date": "2026-02-06", "close": 22.700001, "volume": 5782306, "typical_volume": 5691546.2, "trend": 20.255667, "fair_value": 37.740591, "relative_strength": 1.132699, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.504811, "energy": 20.400604, "activity_lines": [ 21.555333, 21.761455, 20.910595, 20.612484 ] }, { "date": "2026-02-13", "close": 23.450001, "volume": 2910365, "typical_volume": 5667453.3, "trend": 20.307, "fair_value": 37.521198, "relative_strength": 4.438216, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.068698, "energy": 26.674087, "activity_lines": [ 22.125334, 22.063091, 21.186976, 20.81857 ] }, { "date": "2026-02-20", "close": 23.25, "volume": 3399156, "typical_volume": 5670847.9, "trend": 20.392, "fair_value": 37.307275, "relative_strength": 2.843942, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.60466, "energy": 43.252399, "activity_lines": [ 22.662, 22.285455, 21.430833, 21.008441 ] }, { "date": "2026-02-27", "close": 23.76, "volume": 7373907, "typical_volume": 5844011.05, "trend": 20.574, "fair_value": 37.117362, "relative_strength": 5.695223, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.131651, "energy": 56.027458, "activity_lines": [ 23.279334, 22.573273, 21.714786, 21.225731 ] }, { "date": "2026-03-06", "close": 22.4, "volume": 5642904, "typical_volume": 5972801.4, "trend": 20.7175, "fair_value": 36.941884, "relative_strength": 7.463955, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.70653, "energy": 46.332196, "activity_lines": [ 23.092667, 22.589455, 21.859119, 21.343538 ] }, { "date": "2026-03-13", "close": 21.610001, "volume": 3617499, "typical_volume": 5990718.4, "trend": 20.865833, "fair_value": 36.774244, "relative_strength": 4.358145, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.112783, "energy": 27.988108, "activity_lines": [ 22.592, 22.446546, 21.922167, 21.401118 ] }, { "date": "2026-03-20", "close": 20.059999, "volume": 4152727, "typical_volume": 5869601.0, "trend": 20.909833, "fair_value": 36.586781, "relative_strength": 1.748327, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.176072, "energy": 10.567285, "activity_lines": [ 21.647333, 22.036182, 21.839595, 21.349129 ] }, { "date": "2026-03-27", "close": 21.469999, "volume": 4007980, "typical_volume": 5696512.15, "trend": 20.909167, "fair_value": 36.381586, "relative_strength": 9.331992, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.769917, "energy": 16.763353, "activity_lines": [ 21.398666, 21.952909, 21.8835, 21.385269 ] }, { "date": "2026-04-03", "close": 22.049999, "volume": 2781046, "typical_volume": 5609990.95, "trend": 20.987, "fair_value": 36.199282, "relative_strength": 8.08163, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.370474, "energy": 16.465722, "activity_lines": [ 21.461999, 21.983091, 21.956, 21.458871 ] }, { "date": "2026-04-10", "close": 24.75, "volume": 4492354, "typical_volume": 5598144.1, "trend": 21.178667, "fair_value": 36.016077, "relative_strength": 17.739585, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.648136, "energy": 24.829452, "activity_lines": [ 22.539333, 22.439636, 22.25819, 21.701645 ] }, { "date": "2026-04-17", "close": 25.809999, "volume": 4069488, "typical_volume": 5330497.35, "trend": 21.319, "fair_value": 35.841717, "relative_strength": 18.065522, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.109824, "energy": 55.140139, "activity_lines": [ 23.813333, 23.032363, 22.617905, 22.000441 ] }, { "date": "2026-04-24", "close": 25.0, "volume": 3395952, "typical_volume": 5223778.75, "trend": 21.465, "fair_value": 35.682664, "relative_strength": 16.973282, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.462859, "energy": 62.82584, "activity_lines": [ 24.537333, 23.421272, 22.872571, 22.237925 ] }, { "date": "2026-05-01", "close": 25.98, "volume": 3431847, "typical_volume": 5169772.15, "trend": 21.615333, "fair_value": 35.536526, "relative_strength": 20.486812, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.126183, "energy": 75.819836, "activity_lines": [ 25.258666, 23.960181, 23.201952, 22.529215 ] }, { "date": "2026-05-08", "close": 25.17, "volume": 3980677, "typical_volume": 4934681.0, "trend": 21.733, "fair_value": 35.386039, "relative_strength": 16.259572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.562847, "energy": 70.56132, "activity_lines": [ 25.409333, 24.302182, 23.434047, 22.758548 ] }, { "date": "2026-05-15", "close": 26.51, "volume": 3943456, "typical_volume": 5053161.4, "trend": 21.912333, "fair_value": 35.274349, "relative_strength": 24.02937, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.206053, "energy": 67.810039, "activity_lines": [ 25.798667, 24.862182, 23.780667, 23.066742 ] }, { "date": "2026-05-22", "close": 28.780001, "volume": 4071983, "typical_volume": 5147626.55, "trend": 22.137333, "fair_value": 35.182363, "relative_strength": 28.952556, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.410676, "energy": 73.759198, "activity_lines": [ 26.827334, 25.760182, 24.319857, 23.509817 ] }, { "date": "2026-05-29", "close": 29.07, "volume": 4042139, "typical_volume": 4900688.65, "trend": 22.492333, "fair_value": 35.078851, "relative_strength": 28.557492, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.660482, "energy": 70.787853, "activity_lines": [ 27.754667, 26.580545, 24.856286, 23.957086 ] }, { "date": "2026-06-05", "close": 26.74, "volume": 445423, "typical_volume": 4720010.85, "trend": 22.8545, "fair_value": 34.947878, "relative_strength": 19.422887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.599645, "energy": 60.332483, "activity_lines": [ 27.634, 26.813455, 25.146429, 24.231129 ] }, { "date": "2026-06-12", "close": 28.049999, "volume": 821917, "typical_volume": 4422192.75, "trend": 23.246667, "fair_value": 34.816891, "relative_strength": 25.262101, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.761948, "energy": 59.064518, "activity_lines": [ 27.899333, 27.188727, 25.538333, 24.566322 ] }, { "date": "2026-06-19", "close": 28.23, "volume": 1534105, "typical_volume": 3694861.55, "trend": 23.666667, "fair_value": 34.6792, "relative_strength": 23.739912, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.544649, "energy": 50.573965, "activity_lines": [ 28.032666, 27.487636, 25.901905, 24.887828 ] }, { "date": "2026-06-26", "close": 26.799999, "volume": 555188, "typical_volume": 3433505.65, "trend": 23.895, "fair_value": 34.512571, "relative_strength": 18.622892, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.247292, "energy": 39.51877, "activity_lines": [ 27.574666, 27.463272, 26.097905, 25.089978 ] }, { "date": "2026-07-03", "close": 26.889999, "volume": 375640, "typical_volume": 3306769.4, "trend": 24.088333, "fair_value": 34.366044, "relative_strength": 13.740371, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.313199, "energy": 32.981157, "activity_lines": [ 27.278666, 27.437272, 26.282952, 25.283204 ] }, { "date": "2026-07-10", "close": 28.18, "volume": 2690367, "typical_volume": 3271329.95, "trend": 24.302667, "fair_value": 34.200403, "relative_strength": 22.110879, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.933535, "energy": 34.859312, "activity_lines": [ 27.557999, 27.611454, 26.574476, 25.547183 ] }, { "date": "2026-07-17", "close": 28.68, "volume": 2390205, "typical_volume": 3022144.85, "trend": 24.511333, "fair_value": 34.035634, "relative_strength": 24.799734, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.038821, "energy": 40.108978, "activity_lines": [ 27.908, 27.836545, 26.890143, 25.829591 ] }, { "date": "2026-07-24", "close": 27.99, "volume": 2626243, "typical_volume": 2871311.8, "trend": 24.726, "fair_value": 33.837462, "relative_strength": 19.848063, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.039376, "energy": 38.212432, "activity_lines": [ 27.986, 27.872363, 27.116666, 26.054021 ] }, { "date": "2026-07-31", "close": 27.5, "volume": 3650176, "typical_volume": 2872945.65, "trend": 24.896, "fair_value": 33.623624, "relative_strength": 14.622584, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.162151, "energy": 35.805979, "activity_lines": [ 27.916667, 27.792182, 27.269905, 26.232989 ] }, { "date": "2026-08-07", "close": 27.110001, "volume": 2645474, "typical_volume": 2797583.0, "trend": 25.001333, "fair_value": 33.398444, "relative_strength": 9.401864, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.479626, "energy": 29.133165, "activity_lines": [ 27.670667, 27.664364, 27.357952, 26.375828 ] } ], "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." } } }