{ "ticker": { "uuid": "39e680fa-568f-49e0-960b-cd4e429f7b15", "symbol": "NMRK", "name": "Newmark Group Inc", "exchange": "NASDAQ", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -24.326, "architecture_energy": 9.817, "architecture_maturity": 18.595, "architecture_confidence": 62.231, "architecture_tenure": "Developing", "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": 61.55, "rotation_up": 19.81, "upward_expansion": 26.07, "deceleration": 59.14, "rotation_down": 37.2, "downward_expansion": 48.07 }, "activity_lines": [ 15.106667, 15.197, 15.167677, 15.139252 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.0 }, "latest_close": 14.81, "trend_reference": 15.301409, "distance_from_trend": -0.032115, "trend_direction": "Weakening", "fair_value": 12.869364, "distance_from_fair_value": 0.150795, "fair_value_direction": "Weakening", "relative_strength": -21.05346, "relative_strength_direction": "Weakening", "price_momentum": -0.115637, "excess_performance": -0.30309, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.032115, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.039838, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.150795, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.220469, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.210535, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.09975, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.115637, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.918948, "read": "Supply-led" } ], "volume": { "latest": 7596857, "relative_activity": 1.084033, "balance": 0.918948, "dry_up": 1.000293, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.082361, "annualized_volatility": 0.353556, "from_high_reference": -0.247294, "from_low_reference": 0.115383 }, "levels": { "trend_reference": 15.301409, "fair_value_reference": 12.869364, "structural_low": 13.277948, "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": 15, "median_return": -0.035348, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.045448, "regime_survival": 0.333333, "best_return": 0.277629, "worst_return": -0.209711, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.111173, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.128884, "regime_survival": 0.111111, "best_return": 0.549934, "worst_return": -0.27542, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.015349, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.049583, "regime_survival": 0.333333, "best_return": 0.471913, "worst_return": -0.306567, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.134593, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.141459, "regime_survival": 0.5, "best_return": 0.268958, "worst_return": -0.412235, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": 0.148117, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-21", "tenure": "Developing", "return": -0.152088, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-16", "tenure": "Developing", "return": -0.041314, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.083015, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.084359, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": -0.015987, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": 0.274456, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-10-17", "tenure": "Developing", "return": 0.004961, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2026-01-23", "tenure": "Established", "return": -0.121018, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": -0.168817, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.064497, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.161586, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.045175, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.057888, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6.698996, "volume": 3568897, "typical_volume": 4181476.35, "trend": 6.685953, "fair_value": 9.74761, "relative_strength": -23.08665, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.595067, "energy": 47.765716, "activity_lines": [ 7.03216, 6.784183, 6.43961, 6.447704 ] }, { "date": "2023-08-25", "close": 6.407313, "volume": 3105708, "typical_volume": 4122694.95, "trend": 6.625761, "fair_value": 9.761671, "relative_strength": -26.763095, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.233426, "energy": 32.204124, "activity_lines": [ 6.845812, 6.758927, 6.453023, 6.429727 ] }, { "date": "2023-09-01", "close": 7.029571, "volume": 3516677, "typical_volume": 4023066.2, "trend": 6.571919, "fair_value": 9.78054, "relative_strength": -21.623733, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.847813, "energy": 23.433737, "activity_lines": [ 6.881179, 6.841554, 6.527845, 6.455779 ] }, { "date": "2023-09-08", "close": 6.825392, "volume": 2671334, "typical_volume": 3961251.15, "trend": 6.520225, "fair_value": 9.798524, "relative_strength": -21.966845, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.108293, "energy": 9.836643, "activity_lines": [ 6.818718, 6.862921, 6.579238, 6.472133 ] }, { "date": "2023-09-15", "close": 6.630937, "volume": 4227829, "typical_volume": 4014525.5, "trend": 6.470685, "fair_value": 9.814443, "relative_strength": -22.800278, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.761323, "energy": 17.936464, "activity_lines": [ 6.737239, 6.834317, 6.608644, 6.479275 ] }, { "date": "2023-09-22", "close": 6.310085, "volume": 3768014, "typical_volume": 3967812.3, "trend": 6.422284, "fair_value": 9.829306, "relative_strength": -23.18384, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.777589, "energy": 12.837173, "activity_lines": [ 6.60112, 6.736649, 6.604996, 6.468914 ] }, { "date": "2023-09-29", "close": 6.251748, "volume": 4639771, "typical_volume": 3873161.0, "trend": 6.376392, "fair_value": 9.841187, "relative_strength": -23.226175, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.702521, "energy": 14.286669, "activity_lines": [ 6.471483, 6.636329, 6.592576, 6.457912 ] }, { "date": "2023-10-06", "close": 5.726718, "volume": 7416066, "typical_volume": 3994296.55, "trend": 6.332584, "fair_value": 9.847642, "relative_strength": -30.069714, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.870288, "energy": 27.747375, "activity_lines": [ 6.177207, 6.447276, 6.525151, 6.415997 ] }, { "date": "2023-10-13", "close": 5.668381, "volume": 4493641, "typical_volume": 4015274.85, "trend": 6.3077, "fair_value": 9.852813, "relative_strength": -29.938615, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.553737, "energy": 45.660711, "activity_lines": [ 5.950342, 6.263186, 6.452237, 6.373145 ] }, { "date": "2023-10-20", "close": 5.133628, "volume": 5528542, "typical_volume": 4090604.2, "trend": 6.271092, "fair_value": 9.855344, "relative_strength": -33.747504, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.762654, "energy": 62.991211, "activity_lines": [ 5.62236, 6.015396, 6.328738, 6.297399 ] }, { "date": "2023-10-27", "close": 5.289193, "volume": 4751767, "typical_volume": 4098837.9, "trend": 6.220084, "fair_value": 9.86054, "relative_strength": -29.158112, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.438961, "energy": 68.252869, "activity_lines": [ 5.446054, 5.837381, 6.223408, 6.23405 ] }, { "date": "2023-11-03", "close": 7.311531, "volume": 8200897, "typical_volume": 4317201.3, "trend": 6.235204, "fair_value": 9.873395, "relative_strength": -7.326623, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 8.288108, "energy": 16.525753, "activity_lines": [ 6.011919, 6.052696, 6.316243, 6.304466 ] }, { "date": "2023-11-10", "close": 6.630937, "volume": 5591389, "typical_volume": 4402771.65, "trend": 6.24979, "fair_value": 9.877642, "relative_strength": -17.452607, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.090941, "energy": 7.699434, "activity_lines": [ 6.280268, 6.127827, 6.338578, 6.329997 ] }, { "date": "2023-11-17", "close": 7.612938, "volume": 4687926, "typical_volume": 4439832.6, "trend": 6.30032, "fair_value": 9.888063, "relative_strength": -6.443187, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.440618, "energy": 42.587725, "activity_lines": [ 6.81567, 6.388751, 6.450014, 6.417943 ] }, { "date": "2023-11-24", "close": 7.720337, "volume": 3056507, "typical_volume": 4495409.05, "trend": 6.35411, "fair_value": 9.893959, "relative_strength": -5.222414, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.504078, "energy": 56.522593, "activity_lines": [ 7.257234, 6.654883, 6.5641, 6.509557 ] }, { "date": "2023-12-01", "close": 8.208349, "volume": 5283415, "typical_volume": 4595162.4, "trend": 6.439898, "fair_value": 9.899462, "relative_strength": 1.342176, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.331151, "energy": 82.356159, "activity_lines": [ 7.689021, 6.989938, 6.716666, 6.629185 ] }, { "date": "2023-12-08", "close": 8.471875, "volume": 3894368, "typical_volume": 4630463.0, "trend": 6.548919, "fair_value": 9.908597, "relative_strength": 4.672391, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.00902, "energy": 87.108937, "activity_lines": [ 8.01404, 7.338392, 6.887374, 6.76028 ] }, { "date": "2023-12-15", "close": 9.682143, "volume": 6174053, "typical_volume": 4747620.05, "trend": 6.680297, "fair_value": 9.92458, "relative_strength": 16.169149, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.117797, "energy": 94.760389, "activity_lines": [ 8.665125, 7.866529, 7.164535, 6.962424 ] }, { "date": "2023-12-22", "close": 10.199434, "volume": 6855686, "typical_volume": 4767274.15, "trend": 6.828918, "fair_value": 9.945639, "relative_strength": 21.668946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.834523, "energy": 95.815713, "activity_lines": [ 9.285227, 8.416802, 7.476205, 7.189465 ] }, { "date": "2023-12-29", "close": 10.697206, "volume": 3307809, "typical_volume": 4737014.8, "trend": 6.990905, "fair_value": 9.969949, "relative_strength": 27.518614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.734566, "energy": 95.322902, "activity_lines": [ 9.89882, 8.975197, 7.822486, 7.439032 ] }, { "date": "2024-01-05", "close": 9.887107, "volume": 4260977, "typical_volume": 4771618.8, "trend": 7.105236, "fair_value": 9.989796, "relative_strength": 22.293259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.191785, "energy": 87.715917, "activity_lines": [ 10.043921, 9.285145, 8.075988, 7.625883 ] }, { "date": "2024-01-12", "close": 9.467418, "volume": 6692152, "typical_volume": 4950941.0, "trend": 7.216872, "fair_value": 10.007437, "relative_strength": 14.183151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.238182, "energy": 77.364005, "activity_lines": [ 9.93721, 9.435187, 8.274338, 7.778282 ] }, { "date": "2024-01-19", "close": 9.506458, "volume": 2877652, "typical_volume": 4918989.75, "trend": 7.343685, "fair_value": 10.023872, "relative_strength": 12.280208, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.576157, "energy": 61.805, "activity_lines": [ 9.777142, 9.553129, 8.461835, 7.925998 ] }, { "date": "2024-01-26", "close": 10.150633, "volume": 4463633, "typical_volume": 5008604.7, "trend": 7.481321, "fair_value": 10.047897, "relative_strength": 19.597943, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.362323, "energy": 57.518086, "activity_lines": [ 9.843511, 9.735912, 8.698886, 8.107091 ] }, { "date": "2024-02-02", "close": 9.896867, "volume": 4374177, "typical_volume": 5015922.1, "trend": 7.609853, "fair_value": 10.062645, "relative_strength": 15.790606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.759697, "energy": 54.291071, "activity_lines": [ 9.828546, 9.826416, 8.895935, 8.262933 ] }, { "date": "2024-02-09", "close": 10.277516, "volume": 3911301, "typical_volume": 5023086.45, "trend": 7.727517, "fair_value": 10.075644, "relative_strength": 18.561453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.676199, "energy": 57.974774, "activity_lines": [ 9.993819, 9.946556, 9.113684, 8.43504 ] }, { "date": "2024-02-16", "close": 10.628884, "volume": 6018531, "typical_volume": 5092024.45, "trend": 7.861088, "fair_value": 10.083002, "relative_strength": 24.756914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.553348, "energy": 62.578334, "activity_lines": [ 10.250187, 10.092959, 9.346005, 8.622225 ] }, { "date": "2024-02-23", "close": 10.043271, "volume": 6870890, "typical_volume": 5064765.65, "trend": 7.976429, "fair_value": 10.086546, "relative_strength": 16.636393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.881844, "energy": 52.838207, "activity_lines": [ 10.23392, 10.093669, 9.501709, 8.763011 ] }, { "date": "2024-03-01", "close": 10.502001, "volume": 6226985, "typical_volume": 5151432.85, "trend": 8.076082, "fair_value": 10.092241, "relative_strength": 19.78814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.691571, "energy": 54.577768, "activity_lines": [ 10.334776, 10.171218, 9.680546, 8.925951 ] }, { "date": "2024-03-08", "close": 10.570242, "volume": 6054109, "typical_volume": 5177711.2, "trend": 8.181237, "fair_value": 10.093452, "relative_strength": 22.435254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.713322, "energy": 51.769911, "activity_lines": [ 10.434954, 10.255674, 9.842866, 9.086865 ] }, { "date": "2024-03-15", "close": 10.345135, "volume": 6259359, "typical_volume": 5253090.8, "trend": 8.302775, "fair_value": 10.093889, "relative_strength": 20.918293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.407816, "energy": 46.848023, "activity_lines": [ 10.415205, 10.301509, 9.957858, 9.226471 ] }, { "date": "2024-03-22", "close": 10.687689, "volume": 5239624, "typical_volume": 5105027.15, "trend": 8.445454, "fair_value": 10.098284, "relative_strength": 20.833188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.012697, "energy": 49.290514, "activity_lines": [ 10.505132, 10.4013, 10.081399, 9.380336 ] }, { "date": "2024-03-29", "close": 10.854072, "volume": 3562261, "typical_volume": 5003570.75, "trend": 8.572938, "fair_value": 10.103685, "relative_strength": 23.004602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.896639, "energy": 49.859391, "activity_lines": [ 10.6466, 10.509155, 10.204708, 9.535731 ] }, { "date": "2024-04-05", "close": 10.717051, "volume": 4429319, "typical_volume": 4990640.4, "trend": 8.702659, "fair_value": 10.108877, "relative_strength": 22.117737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.312143, "energy": 46.905515, "activity_lines": [ 10.688341, 10.567595, 10.294858, 9.674061 ] }, { "date": "2024-04-12", "close": 10.051517, "volume": 3838138, "typical_volume": 5029721.95, "trend": 8.816679, "fair_value": 10.108829, "relative_strength": 14.736572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.2201, "energy": 34.723386, "activity_lines": [ 10.493901, 10.49473, 10.306842, 9.761084 ] }, { "date": "2024-04-19", "close": 9.366409, "volume": 3849356, "typical_volume": 4958019.0, "trend": 8.918556, "fair_value": 10.104633, "relative_strength": 12.65933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.863493, "energy": 13.655563, "activity_lines": [ 10.105673, 10.294488, 10.242477, 9.796551 ] }, { "date": "2024-04-26", "close": 9.552367, "volume": 4354713, "typical_volume": 4981036.25, "trend": 9.028577, "fair_value": 10.100535, "relative_strength": 10.209217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.531128, "energy": 14.304515, "activity_lines": [ 9.84468, 10.144623, 10.190307, 9.837442 ] }, { "date": "2024-05-03", "close": 9.777474, "volume": 4551448, "typical_volume": 4899906.0, "trend": 9.163602, "fair_value": 10.085544, "relative_strength": 11.126745, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.432902, "energy": 19.958171, "activity_lines": [ 9.73441, 10.055259, 10.154431, 9.885757 ] }, { "date": "2024-05-10", "close": 10.071092, "volume": 7330665, "typical_volume": 4923654.95, "trend": 9.310359, "fair_value": 10.070003, "relative_strength": 12.048416, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.624363, "energy": 17.305847, "activity_lines": [ 9.793786, 10.024113, 10.146065, 9.944305 ] }, { "date": "2024-05-17", "close": 11.011475, "volume": 6552350, "typical_volume": 5085882.0, "trend": 9.506287, "fair_value": 10.063651, "relative_strength": 19.069404, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.751494, "energy": 20.789636, "activity_lines": [ 10.209687, 10.17178, 10.22787, 10.054055 ] }, { "date": "2024-05-24", "close": 10.216529, "volume": 5341972, "typical_volume": 5139931.75, "trend": 9.670532, "fair_value": 10.050682, "relative_strength": 8.397582, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.738901, "energy": 20.385108, "activity_lines": [ 10.296609, 10.166889, 10.23247, 10.099877 ] }, { "date": "2024-05-31", "close": 10.216529, "volume": 2657470, "typical_volume": 4938197.65, "trend": 9.767365, "fair_value": 10.037957, "relative_strength": 9.514847, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.035198, "energy": 23.388008, "activity_lines": [ 10.326856, 10.164337, 10.235501, 10.135102 ] }, { "date": "2024-06-07", "close": 9.725822, "volume": 4452461, "typical_volume": 5016938.1, "trend": 9.870528, "fair_value": 10.020869, "relative_strength": 1.244865, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.200452, "energy": 13.804697, "activity_lines": [ 10.149257, 10.081132, 10.18823, 10.132422 ] }, { "date": "2024-06-14", "close": 9.931919, "volume": 2908789, "typical_volume": 4939195.9, "trend": 9.947827, "fair_value": 10.010455, "relative_strength": -0.479181, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.866184, "energy": 7.26122, "activity_lines": [ 10.0438, 10.055912, 10.159544, 10.136383 ] }, { "date": "2024-06-21", "close": 9.902476, "volume": 3367948, "typical_volume": 4888884.45, "trend": 10.020565, "fair_value": 9.997845, "relative_strength": -1.416752, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.842803, "energy": 14.745547, "activity_lines": [ 9.937807, 10.039614, 10.129095, 10.133457 ] }, { "date": "2024-06-28", "close": 10.039874, "volume": 7346100, "typical_volume": 5060624.4, "trend": 10.081616, "fair_value": 9.990009, "relative_strength": -0.401645, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.863844, "energy": 14.895454, "activity_lines": [ 9.951547, 10.051008, 10.111704, 10.134703 ] }, { "date": "2024-07-05", "close": 9.882848, "volume": 1753276, "typical_volume": 4847361.65, "trend": 10.128649, "fair_value": 9.983112, "relative_strength": -5.614044, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.740971, "energy": 28.47422, "activity_lines": [ 9.924722, 10.021607, 10.08049, 10.121879 ] }, { "date": "2024-07-12", "close": 11.021289, "volume": 4872296, "typical_volume": 4747431.95, "trend": 10.173287, "fair_value": 9.984425, "relative_strength": 5.126932, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.138251, "energy": 17.295432, "activity_lines": [ 10.299622, 10.193186, 10.161252, 10.179469 ] }, { "date": "2024-07-19", "close": 11.59051, "volume": 5600736, "typical_volume": 4716119.5, "trend": 10.219656, "fair_value": 9.986103, "relative_strength": 14.421942, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.04124, "energy": 57.455785, "activity_lines": [ 10.777898, 10.445645, 10.291568, 10.270902 ] }, { "date": "2024-07-26", "close": 12.493412, "volume": 7559960, "typical_volume": 4791412.05, "trend": 10.27953, "fair_value": 9.987851, "relative_strength": 25.50574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.550117, "energy": 79.384903, "activity_lines": [ 11.446569, 10.834642, 10.502692, 10.417596 ] }, { "date": "2024-08-02", "close": 11.845678, "volume": 7454774, "typical_volume": 4851182.8, "trend": 10.344815, "fair_value": 9.983197, "relative_strength": 22.107194, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.43006, "energy": 76.434621, "activity_lines": [ 11.7266, 11.078925, 10.642968, 10.518638 ] }, { "date": "2024-08-09", "close": 12.041961, "volume": 7193836, "typical_volume": 4948893.4, "trend": 10.430633, "fair_value": 9.979436, "relative_strength": 22.978569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.916122, "energy": 76.680574, "activity_lines": [ 11.951671, 11.329275, 10.794793, 10.628131 ] }, { "date": "2024-08-16", "close": 12.650438, "volume": 4696569, "typical_volume": 5005608.8, "trend": 10.535433, "fair_value": 9.979937, "relative_strength": 21.657803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.421655, "energy": 81.861759, "activity_lines": [ 12.235627, 11.657068, 10.998119, 10.771345 ] }, { "date": "2024-08-23", "close": 13.506261, "volume": 5639980, "typical_volume": 5066141.85, "trend": 10.647287, "fair_value": 9.985011, "relative_strength": 27.377783, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.729928, "energy": 85.038404, "activity_lines": [ 12.696247, 12.08729, 11.274398, 10.963011 ] }, { "date": "2024-08-30", "close": 13.604631, "volume": 6239936, "typical_volume": 5186231.75, "trend": 10.770879, "fair_value": 9.991264, "relative_strength": 28.214325, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.319647, "energy": 86.71104, "activity_lines": [ 13.061941, 12.470409, 11.546763, 11.153807 ] }, { "date": "2024-09-06", "close": 13.801372, "volume": 5589483, "typical_volume": 5273238.1, "trend": 10.888341, "fair_value": 10.000239, "relative_strength": 36.611483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.060481, "energy": 88.2347, "activity_lines": [ 13.419134, 12.821988, 11.820946, 11.349323 ] }, { "date": "2024-09-13", "close": 14.657195, "volume": 7248551, "typical_volume": 5417930.0, "trend": 11.022618, "fair_value": 10.011899, "relative_strength": 35.464305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.488654, "energy": 92.37968, "activity_lines": [ 13.931221, 13.260779, 12.155518, 11.592475 ] }, { "date": "2024-09-20", "close": 14.97198, "volume": 7539046, "typical_volume": 5567309.9, "trend": 11.186908, "fair_value": 10.021195, "relative_strength": 34.821404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.660152, "energy": 90.330599, "activity_lines": [ 14.373888, 13.669998, 12.49576, 11.847272 ] }, { "date": "2024-09-27", "close": 15.30644, "volume": 8305435, "typical_volume": 5616048.4, "trend": 11.347056, "fair_value": 10.029591, "relative_strength": 34.860256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.141367, "energy": 88.782868, "activity_lines": [ 14.773272, 14.068198, 12.843119, 12.113049 ] }, { "date": "2024-10-04", "close": 14.696543, "volume": 8009966, "typical_volume": 5688929.2, "trend": 11.4846, "fair_value": 10.036878, "relative_strength": 27.82265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.180806, "energy": 73.162669, "activity_lines": [ 14.849345, 14.287944, 13.107463, 12.329145 ] }, { "date": "2024-10-11", "close": 14.430943, "volume": 10083630, "typical_volume": 5926012.1, "trend": 11.620793, "fair_value": 10.039541, "relative_strength": 22.61419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.029989, "energy": 63.3064, "activity_lines": [ 14.764091, 14.419343, 13.328964, 12.519231 ] }, { "date": "2024-10-18", "close": 14.60801, "volume": 8151064, "typical_volume": 6200691.8, "trend": 11.751471, "fair_value": 10.041877, "relative_strength": 22.363728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.293526, "energy": 57.889802, "activity_lines": [ 14.695887, 14.535931, 13.547259, 12.711955 ] }, { "date": "2024-10-25", "close": 14.87361, "volume": 4939866, "typical_volume": 6225062.05, "trend": 11.885455, "fair_value": 10.046647, "relative_strength": 22.944366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.852221, "energy": 52.767798, "activity_lines": [ 14.719496, 14.654154, 13.769938, 12.913383 ] }, { "date": "2024-11-01", "close": 14.391595, "volume": 4140974, "typical_volume": 6286671.3, "trend": 12.00794, "fair_value": 10.03944, "relative_strength": 19.987652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.303891, "energy": 43.867054, "activity_lines": [ 14.588992, 14.644317, 13.922198, 13.07507 ] }, { "date": "2024-11-08", "close": 15.30644, "volume": 7159738, "typical_volume": 6476260.8, "trend": 12.183104, "fair_value": 10.035175, "relative_strength": 19.849468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.695882, "energy": 51.110406, "activity_lines": [ 14.824425, 14.784719, 14.140349, 13.287876 ] }, { "date": "2024-11-15", "close": 14.883447, "volume": 7025383, "typical_volume": 6460224.95, "trend": 12.367005, "fair_value": 10.028017, "relative_strength": 19.723141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.714011, "energy": 47.048085, "activity_lines": [ 14.878201, 14.817271, 14.292482, 13.462092 ] }, { "date": "2024-11-22", "close": 15.061145, "volume": 6775665, "typical_volume": 6711344.4, "trend": 12.550631, "fair_value": 10.024312, "relative_strength": 18.053455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.617291, "energy": 46.653929, "activity_lines": [ 14.961042, 14.862457, 14.438474, 13.635907 ] }, { "date": "2024-11-29", "close": 15.25828, "volume": 3271008, "typical_volume": 6631280.0, "trend": 12.733325, "fair_value": 10.024976, "relative_strength": 17.886434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.630775, "energy": 47.916835, "activity_lines": [ 15.079386, 14.936141, 14.578582, 13.810594 ] }, { "date": "2024-12-06", "close": 15.544127, "volume": 4158316, "typical_volume": 6559159.0, "trend": 12.915759, "fair_value": 10.022479, "relative_strength": 15.595748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.038907, "energy": 47.136906, "activity_lines": [ 15.267368, 15.056593, 14.725737, 13.991936 ] }, { "date": "2024-12-13", "close": 14.272603, "volume": 3974434, "typical_volume": 6379882.7, "trend": 13.024464, "fair_value": 10.017435, "relative_strength": 5.103914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.943042, "energy": 35.180292, "activity_lines": [ 14.954673, 14.941536, 14.732969, 14.079475 ] }, { "date": "2024-12-20", "close": 12.833515, "volume": 6390830, "typical_volume": 6326685.5, "trend": 13.111696, "fair_value": 9.993908, "relative_strength": -3.305073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 1.042212, "energy": 7.102811, "activity_lines": [ 14.231205, 14.572535, 14.594672, 14.067155 ] }, { "date": "2024-12-27", "close": 12.646236, "volume": 2490710, "typical_volume": 6091529.2, "trend": 13.192687, "fair_value": 9.96108, "relative_strength": -5.430712, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -9.576796, "energy": 22.919325, "activity_lines": [ 13.581972, 14.198528, 14.433834, 14.037126 ] }, { "date": "2025-01-03", "close": 12.537812, "volume": 3475293, "typical_volume": 6030465.4, "trend": 13.28642, "fair_value": 9.939068, "relative_strength": -5.458649, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -31.359252, "energy": 40.679695, "activity_lines": [ 13.057592, 13.840475, 14.259794, 13.994876 ] }, { "date": "2025-01-10", "close": 11.778841, "volume": 3852992, "typical_volume": 5941116.0, "trend": 13.347984, "fair_value": 9.914444, "relative_strength": -9.185063, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.630037, "energy": 64.287905, "activity_lines": [ 12.461586, 13.386897, 14.014006, 13.897613 ] }, { "date": "2025-01-17", "close": 13.099648, "volume": 5167555, "typical_volume": 5887496.95, "trend": 13.454556, "fair_value": 9.907423, "relative_strength": -1.995307, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.337879, "energy": 55.065022, "activity_lines": [ 12.556868, 13.220971, 13.902236, 13.881591 ] }, { "date": "2025-01-24", "close": 13.651627, "volume": 4174889, "typical_volume": 5816767.25, "trend": 13.574948, "fair_value": 9.905037, "relative_strength": 0.485856, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.807738, "energy": 34.849702, "activity_lines": [ 12.914341, 13.195527, 13.845439, 13.894305 ] }, { "date": "2025-01-31", "close": 13.927616, "volume": 3870300, "typical_volume": 5647854.7, "trend": 13.709774, "fair_value": 9.900034, "relative_strength": 3.689048, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.02782, "energy": 15.046931, "activity_lines": [ 13.309268, 13.242661, 13.815641, 13.917058 ] }, { "date": "2025-02-07", "close": 13.523489, "volume": 3531998, "typical_volume": 5447502.3, "trend": 13.79318, "fair_value": 9.882879, "relative_strength": 0.393447, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.433621, "energy": 12.11367, "activity_lines": [ 13.484062, 13.236926, 13.750828, 13.90504 ] }, { "date": "2025-02-14", "close": 14.479596, "volume": 6421878, "typical_volume": 5353324.45, "trend": 13.889483, "fair_value": 9.868868, "relative_strength": 4.287671, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.38515, "energy": 17.877012, "activity_lines": [ 13.911846, 13.43657, 13.78397, 13.949324 ] }, { "date": "2025-02-21", "close": 13.957187, "volume": 4062473, "typical_volume": 5155949.8, "trend": 13.938276, "fair_value": 9.848707, "relative_strength": 2.571482, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.522697, "energy": 13.976907, "activity_lines": [ 13.985443, 13.560586, 13.771297, 13.953692 ] }, { "date": "2025-02-28", "close": 14.459882, "volume": 3923345, "typical_volume": 4847935.55, "trend": 14.025416, "fair_value": 9.839507, "relative_strength": 9.624099, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.986587, "energy": 14.943807, "activity_lines": [ 14.169436, 13.781736, 13.81002, 13.987345 ] }, { "date": "2025-03-07", "close": 13.116986, "volume": 5021607, "typical_volume": 4691462.7, "trend": 14.06125, "fair_value": 9.827914, "relative_strength": 2.569052, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.092658, "energy": 15.796949, "activity_lines": [ 13.851913, 13.729153, 13.720711, 13.928736 ] }, { "date": "2025-03-14", "close": 12.247788, "volume": 6203405, "typical_volume": 4754639.65, "trend": 14.047828, "fair_value": 9.809226, "relative_strength": -1.918297, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.265149, "energy": 30.924015, "activity_lines": [ 13.2987, 13.509975, 13.555721, 13.811739 ] }, { "date": "2025-03-21", "close": 12.27742, "volume": 5721602, "typical_volume": 4833671.05, "trend": 14.006867, "fair_value": 9.793165, "relative_strength": -2.029374, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.276437, "energy": 57.427033, "activity_lines": [ 12.840411, 13.301457, 13.406057, 13.697519 ] }, { "date": "2025-03-28", "close": 11.961348, "volume": 4218663, "typical_volume": 4686617.3, "trend": 13.952091, "fair_value": 9.771727, "relative_strength": -2.337668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.263584, "energy": 70.089506, "activity_lines": [ 12.423576, 13.026407, 13.236358, 13.56555 ] }, { "date": "2025-04-04", "close": 10.578533, "volume": 7193072, "typical_volume": 4695001.75, "trend": 13.844663, "fair_value": 9.757147, "relative_strength": -4.211645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.499587, "energy": 81.307291, "activity_lines": [ 11.678859, 12.520633, 12.950892, 13.347901 ] }, { "date": "2025-04-11", "close": 10.183443, "volume": 6425392, "typical_volume": 4677488.1, "trend": 13.695538, "fair_value": 9.741436, "relative_strength": -14.18622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.645916, "energy": 85.31442, "activity_lines": [ 11.061201, 11.998898, 12.648297, 13.111693 ] }, { "date": "2025-04-18", "close": 10.262461, "volume": 3908437, "typical_volume": 4709359.55, "trend": 13.538554, "fair_value": 9.727328, "relative_strength": -11.539545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.600372, "energy": 86.841945, "activity_lines": [ 10.665453, 11.559606, 12.376456, 12.890204 ] }, { "date": "2025-04-25", "close": 10.993377, "volume": 6898882, "typical_volume": 4846387.85, "trend": 13.394785, "fair_value": 9.723756, "relative_strength": -11.009425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.240234, "energy": 79.228512, "activity_lines": [ 10.645698, 11.312499, 12.198015, 12.725999 ] }, { "date": "2025-05-02", "close": 10.993377, "volume": 6122094, "typical_volume": 4953770.85, "trend": 13.271346, "fair_value": 9.720367, "relative_strength": -13.965054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.210984, "energy": 61.568552, "activity_lines": [ 10.711546, 11.128778, 12.041244, 12.57107 ] }, { "date": "2025-05-09", "close": 11.082273, "volume": 4923643, "typical_volume": 4880411.5, "trend": 13.159724, "fair_value": 9.722057, "relative_strength": -13.10309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.9468, "energy": 46.247555, "activity_lines": [ 10.871558, 11.015107, 11.908555, 12.429839 ] }, { "date": "2025-05-16", "close": 11.467181, "volume": 4397449, "typical_volume": 4975748.45, "trend": 13.055029, "fair_value": 9.730003, "relative_strength": -15.710544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.873181, "energy": 33.721851, "activity_lines": [ 11.12629, 11.032831, 11.820863, 12.320643 ] }, { "date": "2025-05-23", "close": 10.377898, "volume": 7582676, "typical_volume": 5181117.6, "trend": 12.905172, "fair_value": 9.727545, "relative_strength": -21.760162, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -54.891586, "energy": 36.934693, "activity_lines": [ 10.932344, 10.8825, 11.635044, 12.147925 ] }, { "date": "2025-05-30", "close": 10.902735, "volume": 4401953, "typical_volume": 5208565.65, "trend": 12.788877, "fair_value": 9.734439, "relative_strength": -19.258743, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.461241, "energy": 31.085065, "activity_lines": [ 10.905649, 10.861591, 11.509495, 12.018735 ] }, { "date": "2025-06-06", "close": 11.239422, "volume": 4572725, "typical_volume": 5178824.15, "trend": 12.65331, "fair_value": 9.748318, "relative_strength": -18.46777, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.259603, "energy": 29.300102, "activity_lines": [ 10.997225, 10.926893, 11.420183, 11.918771 ] }, { "date": "2025-06-13", "close": 11.26913, "volume": 4227924, "typical_volume": 5181475.9, "trend": 12.532833, "fair_value": 9.762632, "relative_strength": -17.82544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.503762, "energy": 29.117281, "activity_lines": [ 11.082301, 11.010722, 11.342559, 11.829469 ] }, { "date": "2025-06-20", "close": 11.051273, "volume": 5905606, "typical_volume": 5283241.2, "trend": 12.39917, "fair_value": 9.772006, "relative_strength": -19.407818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.104878, "energy": 22.623065, "activity_lines": [ 11.082301, 11.042385, 11.255532, 11.733884 ] }, { "date": "2025-06-27", "close": 12.219777, "volume": 8797579, "typical_volume": 5546520.25, "trend": 12.297887, "fair_value": 9.78942, "relative_strength": -14.51536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.426233, "energy": 13.080312, "activity_lines": [ 11.49953, 11.270724, 11.293488, 11.72231 ] }, { "date": "2025-07-04", "close": 12.388121, "volume": 4219245, "typical_volume": 5436388.6, "trend": 12.192687, "fair_value": 9.808585, "relative_strength": -14.745342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.576422, "energy": 15.320692, "activity_lines": [ 11.850081, 11.494083, 11.353685, 11.728132 ] }, { "date": "2025-07-11", "close": 12.442585, "volume": 5357330, "typical_volume": 5501131.45, "trend": 12.131686, "fair_value": 9.824555, "relative_strength": -14.061818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.507929, "energy": 23.13455, "activity_lines": [ 12.119761, 11.701986, 11.429028, 11.744254 ] }, { "date": "2025-07-18", "close": 12.190069, "volume": 5059753, "typical_volume": 5557951.85, "trend": 12.110238, "fair_value": 9.834202, "relative_strength": -16.6929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.461758, "energy": 37.529929, "activity_lines": [ 12.225058, 11.837628, 11.487535, 11.748021 ] }, { "date": "2025-07-25", "close": 13.457599, "volume": 6824293, "typical_volume": 5648086.15, "trend": 12.137283, "fair_value": 9.850813, "relative_strength": -8.632922, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.625229, "energy": 62.579354, "activity_lines": [ 12.69147, 12.183588, 11.677567, 11.834948 ] }, { "date": "2025-08-01", "close": 14.972693, "volume": 12442086, "typical_volume": 5960020.2, "trend": 12.218446, "fair_value": 9.881414, "relative_strength": 3.908225, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.679011, "energy": 74.96824, "activity_lines": [ 13.502491, 12.76883, 12.010272, 12.017877 ] }, { "date": "2025-08-08", "close": 16.081781, "volume": 7685472, "typical_volume": 6058213.7, "trend": 12.361877, "fair_value": 9.91668, "relative_strength": 7.502176, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 66.985072, "energy": 87.124133, "activity_lines": [ 14.49968, 13.472183, 12.435629, 12.267125 ] }, { "date": "2025-08-15", "close": 17.151122, "volume": 7752739, "typical_volume": 6234917.5, "trend": 12.496926, "fair_value": 9.958739, "relative_strength": 13.850178, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 94.056052, "energy": 97.586079, "activity_lines": [ 15.607072, 14.275797, 12.944712, 12.576108 ] }, { "date": "2025-08-22", "close": 17.994295, "volume": 6487488, "typical_volume": 6199638.3, "trend": 12.641682, "fair_value": 10.010492, "relative_strength": 20.288054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.490601, "energy": 97.263347, "activity_lines": [ 16.681619, 15.125229, 13.509383, 12.930777 ] }, { "date": "2025-08-29", "close": 18.063733, "volume": 7269253, "typical_volume": 6241831.35, "trend": 12.779552, "fair_value": 10.063916, "relative_strength": 20.823035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.094189, "energy": 94.69819, "activity_lines": [ 17.392364, 15.865011, 14.045355, 13.280587 ] }, { "date": "2025-09-05", "close": 18.410921, "volume": 5553506, "typical_volume": 6324084.8, "trend": 12.942467, "fair_value": 10.117972, "relative_strength": 21.843321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.171825, "energy": 93.259688, "activity_lines": [ 17.911763, 16.540419, 14.576867, 13.643901 ] }, { "date": "2025-09-12", "close": 19.125138, "volume": 6348098, "typical_volume": 6296545.6, "trend": 13.097318, "fair_value": 10.177709, "relative_strength": 24.138124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.021504, "energy": 93.574828, "activity_lines": [ 18.440019, 17.233119, 15.137597, 14.042783 ] }, { "date": "2025-09-19", "close": 19.07554, "volume": 9525098, "typical_volume": 6466695.8, "trend": 13.26793, "fair_value": 10.246625, "relative_strength": 21.139637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.799794, "energy": 74.30295, "activity_lines": [ 18.748852, 17.794309, 15.654882, 14.428475 ] }, { "date": "2025-09-26", "close": 18.827548, "volume": 6531398, "typical_volume": 6547083.55, "trend": 13.413519, "fair_value": 10.317933, "relative_strength": 20.106422, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.276339, "energy": 68.119469, "activity_lines": [ 18.846726, 18.189811, 16.110061, 14.78716 ] }, { "date": "2025-10-03", "close": 18.033974, "volume": 5201408, "typical_volume": 6587281.5, "trend": 13.577419, "fair_value": 10.382194, "relative_strength": 13.703779, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.332396, "energy": 66.234947, "activity_lines": [ 18.624525, 18.320345, 16.45278, 15.085254 ] }, { "date": "2025-10-10", "close": 16.853532, "volume": 6147219, "typical_volume": 6515508.65, "trend": 13.730943, "fair_value": 10.438092, "relative_strength": 8.792007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.051446, "energy": 55.86719, "activity_lines": [ 18.010828, 18.153046, 16.651805, 15.296616 ] }, { "date": "2025-10-17", "close": 18.083572, "volume": 5092082, "typical_volume": 6550015.1, "trend": 13.924482, "fair_value": 10.501506, "relative_strength": 13.922703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.430203, "energy": 46.80428, "activity_lines": [ 17.91097, 18.175194, 16.93714, 15.577431 ] }, { "date": "2025-10-24", "close": 19.323532, "volume": 5736946, "typical_volume": 6608226.15, "trend": 14.169888, "fair_value": 10.576545, "relative_strength": 19.038176, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.377375, "energy": 50.891566, "activity_lines": [ 18.293869, 18.386393, 17.306373, 15.925756 ] }, { "date": "2025-10-31", "close": 17.686785, "volume": 6951644, "typical_volume": 6744412.15, "trend": 14.40683, "fair_value": 10.641889, "relative_strength": 7.004745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.889553, "energy": 39.033309, "activity_lines": [ 18.114654, 18.260503, 17.481229, 16.152653 ] }, { "date": "2025-11-07", "close": 17.260239, "volume": 7156571, "typical_volume": 6806960.4, "trend": 14.642723, "fair_value": 10.698776, "relative_strength": 7.862662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.908984, "energy": 37.303482, "activity_lines": [ 17.869307, 18.062651, 17.584901, 16.336744 ] }, { "date": "2025-11-14", "close": 16.28811, "volume": 5942980, "typical_volume": 6664230.45, "trend": 14.843578, "fair_value": 10.753246, "relative_strength": 2.187877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.225875, "energy": 22.875403, "activity_lines": [ 17.3515, 17.702656, 17.566423, 16.442898 ] }, { "date": "2025-11-21", "close": 16.378787, "volume": 6473842, "typical_volume": 6776960.3, "trend": 15.023091, "fair_value": 10.806266, "relative_strength": 6.198891, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.847291, "energy": 19.669705, "activity_lines": [ 16.901613, 17.397746, 17.537208, 16.541944 ] }, { "date": "2025-11-28", "close": 17.273259, "volume": 5100625, "typical_volume": 6764125.05, "trend": 15.232421, "fair_value": 10.864099, "relative_strength": 6.894002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.848434, "energy": 18.808289, "activity_lines": [ 16.863536, 17.3054, 17.574178, 16.687116 ] }, { "date": "2025-12-05", "close": 17.332891, "volume": 5403116, "typical_volume": 6781293.2, "trend": 15.440775, "fair_value": 10.923973, "relative_strength": 6.3491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.831036, "energy": 15.828605, "activity_lines": [ 16.982021, 17.256665, 17.593824, 16.82263 ] }, { "date": "2025-12-12", "close": 17.213628, "volume": 6244141, "typical_volume": 6752285.6, "trend": 15.632323, "fair_value": 10.985667, "relative_strength": 7.578779, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.108384, "energy": 10.445015, "activity_lines": [ 17.084344, 17.213421, 17.577621, 16.937008 ] }, { "date": "2025-12-19", "close": 17.392522, "volume": 7751086, "typical_volume": 6517735.6, "trend": 15.866144, "fair_value": 11.047954, "relative_strength": 7.829281, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.287072, "energy": 16.476668, "activity_lines": [ 17.249407, 17.217619, 17.560571, 17.050569 ] }, { "date": "2025-12-26", "close": 17.541601, "volume": 2238164, "typical_volume": 6245370.2, "trend": 16.087439, "fair_value": 11.111381, "relative_strength": 7.124788, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.726651, "energy": 17.892064, "activity_lines": [ 17.390535, 17.239122, 17.546195, 17.158663 ] }, { "date": "2026-01-02", "close": 16.865777, "volume": 2217827, "typical_volume": 5968624.6, "trend": 16.274984, "fair_value": 11.167339, "relative_strength": 4.560945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.208652, "energy": 11.349421, "activity_lines": [ 17.228867, 17.147602, 17.460503, 17.208878 ] }, { "date": "2026-01-09", "close": 17.144058, "volume": 4709914, "typical_volume": 5879745.9, "trend": 16.470815, "fair_value": 11.223543, "relative_strength": 3.686807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.31952, "energy": 10.873901, "activity_lines": [ 17.187125, 17.151366, 17.402674, 17.264948 ] }, { "date": "2026-01-16", "close": 17.332891, "volume": 4077206, "typical_volume": 5720143.55, "trend": 16.680203, "fair_value": 11.280712, "relative_strength": 5.533286, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.406735, "energy": 9.270591, "activity_lines": [ 17.220916, 17.19933, 17.366877, 17.320565 ] }, { "date": "2026-01-23", "close": 16.98504, "volume": 3883876, "typical_volume": 5636662.05, "trend": 16.839045, "fair_value": 11.336942, "relative_strength": 3.070136, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.684362, "energy": 4.608579, "activity_lines": [ 17.130806, 17.182728, 17.301432, 17.340232 ] }, { "date": "2026-01-30", "close": 17.720496, "volume": 5111447, "typical_volume": 5574829.5, "trend": 17.016791, "fair_value": 11.39512, "relative_strength": 7.547578, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.390795, "energy": 10.570989, "activity_lines": [ 17.313014, 17.287173, 17.31282, 17.3971 ] }, { "date": "2026-02-06", "close": 16.746514, "volume": 8051822, "typical_volume": 5501165.7, "trend": 17.160255, "fair_value": 11.448776, "relative_strength": 3.562519, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.448128, "energy": 10.117433, "activity_lines": [ 17.158634, 17.190137, 17.238137, 17.379663 ] }, { "date": "2026-02-13", "close": 14.728982, "volume": 11837147, "typical_volume": 5766453.15, "trend": 17.244885, "fair_value": 11.491159, "relative_strength": -7.572101, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.15653, "energy": 56.276621, "activity_lines": [ 16.339695, 16.735853, 16.982398, 17.222807 ] }, { "date": "2026-02-20", "close": 15.007262, "volume": 6521736, "typical_volume": 5832469.55, "trend": 17.296541, "fair_value": 11.537603, "relative_strength": -6.755239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.61891, "energy": 65.04878, "activity_lines": [ 15.774521, 16.37951, 16.772679, 17.078444 ] }, { "date": "2026-02-27", "close": 14.430824, "volume": 8405347, "typical_volume": 5945375.95, "trend": 17.278478, "fair_value": 11.581207, "relative_strength": -9.795148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.323009, "energy": 76.557388, "activity_lines": [ 15.172243, 15.958475, 16.522474, 16.893559 ] }, { "date": "2026-03-06", "close": 14.192298, "volume": 10264342, "typical_volume": 6203988.95, "trend": 17.215496, "fair_value": 11.627049, "relative_strength": -9.964321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.469997, "energy": 78.994466, "activity_lines": [ 14.660737, 15.547921, 16.261089, 16.69445 ] }, { "date": "2026-03-13", "close": 14.132667, "volume": 8769370, "typical_volume": 6355610.15, "trend": 17.114881, "fair_value": 11.676522, "relative_strength": -9.308687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.134306, "energy": 77.670968, "activity_lines": [ 14.364567, 15.187422, 16.012555, 16.495558 ] }, { "date": "2026-03-20", "close": 14.202384, "volume": 9966062, "typical_volume": 6506331.05, "trend": 16.988484, "fair_value": 11.727615, "relative_strength": -6.949606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.743321, "energy": 72.083748, "activity_lines": [ 14.265893, 14.889291, 15.795379, 16.307655 ] }, { "date": "2026-03-27", "close": 14.242222, "volume": 10527337, "typical_volume": 6674869.35, "trend": 16.8611, "fair_value": 11.775197, "relative_strength": -3.555585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.861592, "energy": 53.610702, "activity_lines": [ 14.215604, 14.651888, 15.59859, 16.130477 ] }, { "date": "2026-04-03", "close": 14.570889, "volume": 7859922, "typical_volume": 6770716.45, "trend": 16.733099, "fair_value": 11.824639, "relative_strength": -5.091541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.279365, "energy": 44.375974, "activity_lines": [ 14.325874, 14.530437, 15.447474, 15.982721 ] }, { "date": "2026-04-10", "close": 15.088788, "volume": 6026845, "typical_volume": 6748366.6, "trend": 16.598554, "fair_value": 11.881661, "relative_strength": -6.064016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.272939, "energy": 32.3693, "activity_lines": [ 14.59944, 14.547044, 15.353858, 15.876637 ] }, { "date": "2026-04-17", "close": 16.463212, "volume": 5208920, "typical_volume": 6753781.35, "trend": 16.511476, "fair_value": 11.948111, "relative_strength": -3.627046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.958322, "energy": 15.483379, "activity_lines": [ 15.27138, 14.861394, 15.397283, 15.867905 ] }, { "date": "2026-04-24", "close": 15.975192, "volume": 7247531, "typical_volume": 6846002.1, "trend": 16.416398, "fair_value": 12.011371, "relative_strength": -8.547997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.160483, "energy": 19.441201, "activity_lines": [ 15.625278, 15.092165, 15.398087, 15.833306 ] }, { "date": "2026-05-01", "close": 15.975192, "volume": 9707329, "typical_volume": 7019161.5, "trend": 16.347772, "fair_value": 12.077656, "relative_strength": -10.015132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.597922, "energy": 19.217893, "activity_lines": [ 15.860989, 15.300277, 15.405357, 15.804841 ] }, { "date": "2026-05-08", "close": 16.662404, "volume": 7806822, "typical_volume": 7021948.3, "trend": 16.341401, "fair_value": 12.151125, "relative_strength": -11.078472, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.283272, "energy": 19.0487, "activity_lines": [ 16.210238, 15.615739, 15.483973, 15.82514 ] }, { "date": "2026-05-15", "close": 14.37, "volume": 6907788, "typical_volume": 7255429.5, "trend": 16.217615, "fair_value": 12.20644, "relative_strength": -22.962246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.46624, "energy": 16.420619, "activity_lines": [ 15.655919, 15.473825, 15.347741, 15.697953 ] }, { "date": "2026-05-22", "close": 14.6, "volume": 6674622, "typical_volume": 7478269.25, "trend": 16.060164, "fair_value": 12.26323, "relative_strength": -22.662351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.593715, "energy": 18.965444, "activity_lines": [ 15.226186, 15.370499, 15.248516, 15.593591 ] }, { "date": "2026-05-29", "close": 13.97, "volume": 4573021, "typical_volume": 7471424.6, "trend": 15.936271, "fair_value": 12.315361, "relative_strength": -27.96763, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.932043, "energy": 41.547742, "activity_lines": [ 14.710667, 15.14413, 15.100082, 15.458742 ] }, { "date": "2026-06-05", "close": 14.61, "volume": 7516572, "typical_volume": 7643392.9, "trend": 15.84793, "fair_value": 12.367622, "relative_strength": -21.082321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.624509, "energy": 42.968351, "activity_lines": [ 14.54216, 15.03835, 15.027714, 15.373176 ] }, { "date": "2026-06-12", "close": 15.18, "volume": 6386655, "typical_volume": 7768531.85, "trend": 15.810993, "fair_value": 12.42571, "relative_strength": -19.829325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.134775, "energy": 41.617803, "activity_lines": [ 14.654667, 15.02952, 15.022598, 15.330083 ] }, { "date": "2026-06-19", "close": 14.87, "volume": 5349384, "typical_volume": 7780428.7, "trend": 15.7607, "fair_value": 12.484479, "relative_strength": -23.456172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.958929, "energy": 34.030794, "activity_lines": [ 14.762667, 14.953251, 14.996553, 15.269374 ] }, { "date": "2026-06-26", "close": 15.27, "volume": 9809686, "typical_volume": 7868321.9, "trend": 15.693924, "fair_value": 12.543764, "relative_strength": -17.648044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.848815, "energy": 14.287299, "activity_lines": [ 14.970667, 14.953687, 15.022178, 15.237716 ] }, { "date": "2026-07-03", "close": 15.72, "volume": 4942705, "typical_volume": 7523599.8, "trend": 15.640161, "fair_value": 12.605809, "relative_strength": -15.926401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.059774, "energy": 11.243198, "activity_lines": [ 15.284, 15.057636, 15.097691, 15.239398 ] }, { "date": "2026-07-10", "close": 15.2, "volume": 5573994, "typical_volume": 7476212.7, "trend": 15.57304, "fair_value": 12.659991, "relative_strength": -20.061244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.962879, "energy": 13.57919, "activity_lines": [ 15.307333, 15.07168, 15.118961, 15.211001 ] }, { "date": "2026-07-17", "close": 15.6, "volume": 5745529, "typical_volume": 7343221.8, "trend": 15.51329, "fair_value": 12.717544, "relative_strength": -14.43658, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.830201, "energy": 13.362124, "activity_lines": [ 15.424667, 15.172545, 15.177408, 15.21274 ] }, { "date": "2026-07-24", "close": 15.39, "volume": 5812361, "typical_volume": 7120622.75, "trend": 15.44157, "fair_value": 12.773999, "relative_strength": -14.133606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.987539, "energy": 13.969108, "activity_lines": [ 15.444, 15.254545, 15.210288, 15.204786 ] }, { "date": "2026-07-31", "close": 14.995, "volume": 8885288, "typical_volume": 7126418.65, "trend": 15.37921, "fair_value": 12.821964, "relative_strength": -16.467416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.989629, "energy": 5.206818, "activity_lines": [ 15.297, 15.246182, 15.199845, 15.175975 ] }, { "date": "2026-08-07", "close": 14.81, "volume": 7596857, "typical_volume": 7007958.4, "trend": 15.301409, "fair_value": 12.869364, "relative_strength": -21.05346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.325822, "energy": 9.817267, "activity_lines": [ 15.106667, 15.197, 15.167677, 15.139252 ] } ], "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." } } }