{ "ticker": { "uuid": "3a0f6e2f-1371-42ae-8df4-f076a554914a", "symbol": "IMPACT", "name": "IMPACT Growth Real Estate Investment Trust", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 88.06, "architecture_energy": 93.229, "architecture_maturity": 27.385, "architecture_confidence": 77.046, "architecture_tenure": "Developing", "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": 3.85, "rotation_up": 84.86, "upward_expansion": 97.08, "deceleration": 41.87, "rotation_down": 8.36, "downward_expansion": 21.41 }, "activity_lines": [ 12.7, 12.301818, 11.904522, 11.662128 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 13.2, "trend_reference": 11.30803, "distance_from_trend": 0.167312, "trend_direction": "Improving", "fair_value": 10.249798, "distance_from_fair_value": 0.28783, "fair_value_direction": "Improving", "relative_strength": 7.222064, "relative_strength_direction": "Improving", "price_momentum": 0.272305, "excess_performance": 0.07998, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.167312, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.065476, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28783, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.138802, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.072221, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.064097, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.272305, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.014264, "read": "Demand-led" } ], "volume": { "latest": 4345700, "relative_activity": 2.206723, "balance": 3.014264, "dry_up": 1.635683, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.037214, "annualized_volatility": 0.216874, "from_high_reference": -0.029412, "from_low_reference": 0.415966 }, "levels": { "trend_reference": 11.30803, "fair_value_reference": 10.249798, "structural_low": 10.179114, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.0, "positive_rate": 0.466667, "directional_follow_through": 0.466667, "median_excess_return": -0.012283, "regime_survival": 0.666667, "best_return": 0.078261, "worst_return": -0.072165, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.015464, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.065896, "regime_survival": 0.142857, "best_return": 0.099544, "worst_return": -0.253807, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.079205, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": 0.029739, "regime_survival": 0.25, "best_return": 0.134994, "worst_return": -0.181327, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.117745, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.013442, "regime_survival": 0.333333, "best_return": -0.00132, "worst_return": -0.21676, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-13", "end": "2023-10-27", "tenure": "New", "return": -0.039063, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-03", "end": "2024-08-30", "tenure": "Extended", "return": 0.020587, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.016529, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-10-25", "tenure": "New", "return": -0.033058, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2025-01-03", "tenure": "Developing", "return": -0.07656, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": -0.027523, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-06-13", "tenure": "Established", "return": -0.031706, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-15", "tenure": "Developing", "return": 0.051546, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": 0.017156, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-24", "tenure": "Developing", "return": 0.025381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-12-05", "tenure": "Developing", "return": 0.013171, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-06-05", "tenure": "Established", "return": 0.099544, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.052632, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.147826, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.291324, "volume": 1870900, "typical_volume": 1535370.0, "trend": 11.094182, "fair_value": 13.161475, "relative_strength": 8.672674, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.675468, "energy": 14.64625, "activity_lines": [ 11.11021, 11.039719, 11.038092, 11.040143 ] }, { "date": "2023-08-25", "close": 11.154942, "volume": 2113000, "typical_volume": 1585675.0, "trend": 11.082666, "fair_value": 13.14459, "relative_strength": 4.491333, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.301054, "energy": 19.480378, "activity_lines": [ 11.138327, 11.064317, 11.049027, 11.044063 ] }, { "date": "2023-09-01", "close": 11.326556, "volume": 2305400, "typical_volume": 1672705.0, "trend": 11.076871, "fair_value": 13.124741, "relative_strength": 5.920527, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.839171, "energy": 38.146238, "activity_lines": [ 11.215761, 11.121054, 11.074386, 11.059798 ] }, { "date": "2023-09-08", "close": 11.326556, "volume": 1244500, "typical_volume": 1660935.0, "trend": 11.073833, "fair_value": 13.107432, "relative_strength": 6.780805, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.581905, "energy": 53.397981, "activity_lines": [ 11.268207, 11.172519, 11.098608, 11.075907 ] }, { "date": "2023-09-15", "close": 11.326556, "volume": 2646500, "typical_volume": 1765995.0, "trend": 11.06528, "fair_value": 13.081995, "relative_strength": 7.038652, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.866526, "energy": 49.657287, "activity_lines": [ 11.301325, 11.215626, 11.12249, 11.092212 ] }, { "date": "2023-09-22", "close": 11.154942, "volume": 2259200, "typical_volume": 1839725.0, "trend": 11.047927, "fair_value": 13.060029, "relative_strength": 6.654156, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.808318, "energy": 37.939429, "activity_lines": [ 11.25791, 11.217628, 11.128891, 11.097996 ] }, { "date": "2023-09-29", "close": 11.069135, "volume": 2299800, "typical_volume": 1904065.0, "trend": 11.047312, "fair_value": 13.04107, "relative_strength": 9.319992, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.92397, "energy": 18.38118, "activity_lines": [ 11.194985, 11.200335, 11.126799, 11.099364 ] }, { "date": "2023-10-06", "close": 10.983329, "volume": 4023200, "typical_volume": 2053210.0, "trend": 11.046638, "fair_value": 13.020037, "relative_strength": 10.614603, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.759393, "energy": 11.988346, "activity_lines": [ 11.109179, 11.166849, 11.117823, 11.095237 ] }, { "date": "2023-10-13", "close": 10.983329, "volume": 871100, "typical_volume": 2038715.0, "trend": 11.062762, "fair_value": 13.000527, "relative_strength": 9.332745, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.099284, "energy": 10.379743, "activity_lines": [ 11.046254, 11.132789, 11.108143, 11.091152 ] }, { "date": "2023-10-20", "close": 10.983329, "volume": 1468900, "typical_volume": 2005170.0, "trend": 11.064887, "fair_value": 12.982542, "relative_strength": 12.852703, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.888009, "energy": 12.15131, "activity_lines": [ 11.006211, 11.099697, 11.098959, 11.086027 ] }, { "date": "2023-10-27", "close": 10.554291, "volume": 2989800, "typical_volume": 2040410.0, "trend": 11.055511, "fair_value": 12.961298, "relative_strength": 8.862826, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.869335, "energy": 52.898543, "activity_lines": [ 10.846037, 10.989569, 11.048764, 11.053086 ] }, { "date": "2023-11-03", "close": 10.640098, "volume": 2444300, "typical_volume": 2029940.0, "trend": 11.051795, "fair_value": 12.937049, "relative_strength": 6.938902, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.617141, "energy": 60.845843, "activity_lines": [ 10.754509, 10.908442, 11.009443, 11.026285 ] }, { "date": "2023-11-10", "close": 10.468483, "volume": 2368400, "typical_volume": 1983340.0, "trend": 11.031158, "fair_value": 12.906111, "relative_strength": 7.090539, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.759231, "energy": 67.664441, "activity_lines": [ 10.634378, 10.805473, 10.956474, 10.988652 ] }, { "date": "2023-11-17", "close": 11.069135, "volume": 2804000, "typical_volume": 1921165.0, "trend": 11.024944, "fair_value": 12.875976, "relative_strength": 10.684507, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.201127, "energy": 46.647502, "activity_lines": [ 10.748787, 10.827315, 10.963415, 10.991102 ] }, { "date": "2023-11-24", "close": 10.725219, "volume": 2692900, "typical_volume": 1992895.0, "trend": 11.012866, "fair_value": 12.840975, "relative_strength": 8.242339, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.354576, "energy": 31.59106, "activity_lines": [ 10.742838, 10.791307, 10.936639, 10.971765 ] }, { "date": "2023-12-01", "close": 10.638726, "volume": 3175300, "typical_volume": 2076940.0, "trend": 10.997904, "fair_value": 12.807465, "relative_strength": 8.243505, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.408233, "energy": 30.748312, "activity_lines": [ 10.725265, 10.750506, 10.901896, 10.947627 ] }, { "date": "2023-12-08", "close": 10.552232, "volume": 2110300, "typical_volume": 2111580.0, "trend": 10.97166, "fair_value": 12.772378, "relative_strength": 6.914646, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.766448, "energy": 29.401944, "activity_lines": [ 10.673232, 10.703365, 10.860406, 10.918874 ] }, { "date": "2023-12-15", "close": 10.206257, "volume": 1457100, "typical_volume": 2148595.0, "trend": 10.950683, "fair_value": 12.73405, "relative_strength": 2.359186, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.542935, "energy": 55.62528, "activity_lines": [ 10.511731, 10.602718, 10.788272, 10.869493 ] }, { "date": "2023-12-22", "close": 10.29275, "volume": 2890100, "typical_volume": 2242425.0, "trend": 10.924189, "fair_value": 12.703944, "relative_strength": 1.911008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.226432, "energy": 60.893317, "activity_lines": [ 10.396543, 10.531925, 10.727926, 10.827046 ] }, { "date": "2023-12-29", "close": 10.725219, "volume": 1947700, "typical_volume": 2299120.0, "trend": 10.916638, "fair_value": 12.672521, "relative_strength": 4.985185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.510336, "energy": 45.748332, "activity_lines": [ 10.47727, 10.552319, 10.71231, 10.814209 ] }, { "date": "2024-01-05", "close": 11.157686, "volume": 854000, "typical_volume": 2248275.0, "trend": 10.917843, "fair_value": 12.649492, "relative_strength": 7.836457, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.467865, "energy": 14.347748, "activity_lines": [ 10.702153, 10.656036, 10.739363, 10.82976 ] }, { "date": "2024-01-12", "close": 10.638726, "volume": 1199100, "typical_volume": 2202580.0, "trend": 10.89892, "fair_value": 12.62467, "relative_strength": 3.627151, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.579156, "energy": 16.492296, "activity_lines": [ 10.719453, 10.654426, 10.717629, 10.811753 ] }, { "date": "2024-01-19", "close": 10.811712, "volume": 2179800, "typical_volume": 2196300.0, "trend": 10.891423, "fair_value": 12.604024, "relative_strength": 7.471038, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.342742, "energy": 18.479621, "activity_lines": [ 10.788647, 10.684293, 10.714827, 10.806127 ] }, { "date": "2024-01-26", "close": 10.379244, "volume": 1656000, "typical_volume": 2216875.0, "trend": 10.875169, "fair_value": 12.579071, "relative_strength": 4.049912, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.961782, "energy": 19.756545, "activity_lines": [ 10.673322, 10.629289, 10.67329, 10.773083 ] }, { "date": "2024-02-02", "close": 10.638726, "volume": 2956100, "typical_volume": 2232355.0, "trend": 10.870396, "fair_value": 12.556805, "relative_strength": 5.180957, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.295854, "energy": 16.657523, "activity_lines": [ 10.638725, 10.634007, 10.660976, 10.757828 ] }, { "date": "2024-02-09", "close": 10.29275, "volume": 3917900, "typical_volume": 2315290.0, "trend": 10.848429, "fair_value": 12.531809, "relative_strength": 1.298227, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.040282, "energy": 36.490763, "activity_lines": [ 10.494569, 10.577393, 10.618988, 10.720561 ] }, { "date": "2024-02-16", "close": 10.29275, "volume": 3413600, "typical_volume": 2370980.0, "trend": 10.823633, "fair_value": 12.508347, "relative_strength": 1.342021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.669383, "energy": 50.147649, "activity_lines": [ 10.408075, 10.52707, 10.581105, 10.684711 ] }, { "date": "2024-02-23", "close": 10.553685, "volume": 2724900, "typical_volume": 2306065.0, "trend": 10.810365, "fair_value": 12.487586, "relative_strength": 2.920094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.07569, "energy": 39.158069, "activity_lines": [ 10.431625, 10.528906, 10.571771, 10.667295 ] }, { "date": "2024-03-01", "close": 10.553685, "volume": 817500, "typical_volume": 2303385.0, "trend": 10.794267, "fair_value": 12.458552, "relative_strength": 5.007065, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.071623, "energy": 34.618676, "activity_lines": [ 10.472376, 10.524427, 10.564482, 10.650735 ] }, { "date": "2024-03-08", "close": 10.465737, "volume": 4071900, "typical_volume": 2433535.0, "trend": 10.775237, "fair_value": 12.422232, "relative_strength": 2.525205, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.561755, "energy": 23.772536, "activity_lines": [ 10.472182, 10.499212, 10.550863, 10.629539 ] }, { "date": "2024-03-15", "close": 10.641631, "volume": 808300, "typical_volume": 2324460.0, "trend": 10.753581, "fair_value": 12.386007, "relative_strength": 4.015266, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.868391, "energy": 13.642231, "activity_lines": [ 10.542152, 10.510696, 10.556461, 10.620919 ] }, { "date": "2024-03-22", "close": 10.465737, "volume": 572000, "typical_volume": 2230845.0, "trend": 10.730607, "fair_value": 12.350204, "relative_strength": 2.474553, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.606336, "energy": 14.838296, "activity_lines": [ 10.530232, 10.499581, 10.54489, 10.602349 ] }, { "date": "2024-03-29", "close": 10.465737, "volume": 2142300, "typical_volume": 2219540.0, "trend": 10.701913, "fair_value": 12.317504, "relative_strength": 2.47551, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.407577, "energy": 16.70654, "activity_lines": [ 10.506779, 10.491613, 10.534151, 10.58526 ] }, { "date": "2024-04-05", "close": 10.465737, "volume": 1515200, "typical_volume": 2155100.0, "trend": 10.673219, "fair_value": 12.28739, "relative_strength": 2.441128, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.553558, "energy": 19.831103, "activity_lines": [ 10.48919, 10.489934, 10.523424, 10.570023 ] }, { "date": "2024-04-12", "close": 10.37779, "volume": 2279900, "typical_volume": 2134450.0, "trend": 10.641594, "fair_value": 12.260847, "relative_strength": -0.054537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.820878, "energy": 31.141216, "activity_lines": [ 10.448148, 10.470693, 10.507195, 10.550963 ] }, { "date": "2024-04-19", "close": 10.37779, "volume": 0, "typical_volume": 1975685.0, "trend": 10.615689, "fair_value": 12.231203, "relative_strength": 4.616205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.059419, "energy": 37.52517, "activity_lines": [ 10.412969, 10.456196, 10.49262, 10.533944 ] }, { "date": "2024-04-26", "close": 10.37779, "volume": 886100, "typical_volume": 1914475.0, "trend": 10.592644, "fair_value": 12.203109, "relative_strength": 2.372528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.066902, "energy": 40.608545, "activity_lines": [ 10.395379, 10.440152, 10.479288, 10.518595 ] }, { "date": "2024-05-03", "close": 10.37779, "volume": 1990400, "typical_volume": 1941140.0, "trend": 10.572459, "fair_value": 12.174499, "relative_strength": 1.53654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.16029, "energy": 40.961336, "activity_lines": [ 10.383653, 10.422563, 10.466786, 10.504734 ] }, { "date": "2024-05-10", "close": 10.289843, "volume": 1132900, "typical_volume": 1853280.0, "trend": 10.549343, "fair_value": 12.145842, "relative_strength": 0.469191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.165175, "energy": 45.724483, "activity_lines": [ 10.348474, 10.392181, 10.445092, 10.486501 ] }, { "date": "2024-05-17", "close": 10.113948, "volume": 4433100, "typical_volume": 1977550.0, "trend": 10.520363, "fair_value": 12.116057, "relative_strength": -2.059027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.728088, "energy": 59.839276, "activity_lines": [ 10.26639, 10.334616, 10.406659, 10.458411 ] }, { "date": "2024-05-24", "close": 10.37779, "volume": 431000, "typical_volume": 1956400.0, "trend": 10.51448, "fair_value": 12.086413, "relative_strength": 1.741352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.196814, "energy": 46.652168, "activity_lines": [ 10.289843, 10.331418, 10.396265, 10.449212 ] }, { "date": "2024-05-31", "close": 9.850105, "volume": 4305700, "typical_volume": 2111730.0, "trend": 10.488147, "fair_value": 12.052869, "relative_strength": -2.123555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.133539, "energy": 69.17163, "activity_lines": [ 10.1374, 10.237074, 10.33933, 10.406349 ] }, { "date": "2024-06-07", "close": 9.319979, "volume": 2418600, "typical_volume": 2123670.0, "trend": 10.449864, "fair_value": 12.01179, "relative_strength": -6.45529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.735081, "energy": 86.775662, "activity_lines": [ 9.843428, 10.057537, 10.235661, 10.330984 ] }, { "date": "2024-06-14", "close": 8.787408, "volume": 3833900, "typical_volume": 2232565.0, "trend": 10.373806, "fair_value": 11.962644, "relative_strength": -9.926661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.441484, "energy": 95.733494, "activity_lines": [ 9.442453, 9.802001, 10.088375, 10.223729 ] }, { "date": "2024-06-21", "close": 8.698646, "volume": 2818900, "typical_volume": 2225705.0, "trend": 10.306254, "fair_value": 11.917582, "relative_strength": -10.671574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.770068, "energy": 95.864726, "activity_lines": [ 9.112053, 9.560842, 9.940216, 10.115654 ] }, { "date": "2024-06-28", "close": 8.432361, "volume": 608100, "typical_volume": 2060215.0, "trend": 10.232708, "fair_value": 11.873399, "relative_strength": -12.875223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.764443, "energy": 95.45775, "activity_lines": [ 8.787245, 9.301797, 9.775934, 9.994757 ] }, { "date": "2024-07-05", "close": 8.87617, "volume": 4017100, "typical_volume": 2090390.0, "trend": 10.176839, "fair_value": 11.829992, "relative_strength": -8.950501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.199307, "energy": 87.976526, "activity_lines": [ 8.740068, 9.158815, 9.662779, 9.907239 ] }, { "date": "2024-07-12", "close": 8.698646, "volume": 1927100, "typical_volume": 2050500.0, "trend": 10.126586, "fair_value": 11.784931, "relative_strength": -11.958575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.654706, "energy": 77.858651, "activity_lines": [ 8.698646, 9.010859, 9.539463, 9.811872 ] }, { "date": "2024-07-19", "close": 9.319979, "volume": 1619400, "typical_volume": 2090595.0, "trend": 10.09416, "fair_value": 11.750574, "relative_strength": -4.567878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.17898, "energy": 55.126529, "activity_lines": [ 8.905757, 9.006403, 9.484155, 9.759832 ] }, { "date": "2024-07-26", "close": 9.319979, "volume": 1317600, "typical_volume": 1952880.0, "trend": 10.047319, "fair_value": 11.714665, "relative_strength": -3.851225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.140334, "energy": 36.658391, "activity_lines": [ 9.077363, 9.01958, 9.434721, 9.709885 ] }, { "date": "2024-08-02", "close": 9.586263, "volume": 1093600, "typical_volume": 1967145.0, "trend": 9.994938, "fair_value": 11.683049, "relative_strength": -1.569023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.257465, "energy": 23.707969, "activity_lines": [ 9.296309, 9.095609, 9.416104, 9.68014 ] }, { "date": "2024-08-09", "close": 9.763786, "volume": 4198300, "typical_volume": 2148460.0, "trend": 9.965773, "fair_value": 11.651537, "relative_strength": 1.40227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.693003, "energy": 25.455241, "activity_lines": [ 9.497502, 9.218306, 9.419419, 9.665227 ] }, { "date": "2024-08-16", "close": 10.030072, "volume": 2490400, "typical_volume": 2165865.0, "trend": 9.939718, "fair_value": 11.620698, "relative_strength": 3.622619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.830472, "energy": 21.120503, "activity_lines": [ 9.728282, 9.390988, 9.451438, 9.669375 ] }, { "date": "2024-08-23", "close": 10.030072, "volume": 1340700, "typical_volume": 2157140.0, "trend": 9.928079, "fair_value": 11.585205, "relative_strength": -0.409783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.549455, "energy": 23.399545, "activity_lines": [ 9.870301, 9.550759, 9.485531, 9.675204 ] }, { "date": "2024-08-30", "close": 10.859143, "volume": 3335500, "typical_volume": 2209920.0, "trend": 9.935427, "fair_value": 11.557095, "relative_strength": 7.284566, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 46.010955, "energy": 48.218035, "activity_lines": [ 10.241337, 9.838676, 9.600658, 9.735273 ] }, { "date": "2024-09-06", "close": 10.949636, "volume": 720900, "typical_volume": 2245965.0, "trend": 9.957323, "fair_value": 11.529048, "relative_strength": 2.890047, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.666256, "energy": 70.915022, "activity_lines": [ 10.539927, 10.103765, 9.722111, 9.800706 ] }, { "date": "2024-09-13", "close": 11.311607, "volume": 1978400, "typical_volume": 2300580.0, "trend": 9.991285, "fair_value": 11.505906, "relative_strength": 6.370298, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.561553, "energy": 79.437798, "activity_lines": [ 10.868282, 10.388898, 9.875315, 9.888079 ] }, { "date": "2024-09-20", "close": 11.492593, "volume": 2613400, "typical_volume": 2331730.0, "trend": 10.022582, "fair_value": 11.484442, "relative_strength": 5.87884, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.169977, "energy": 84.604274, "activity_lines": [ 11.153777, 10.662657, 10.041308, 9.984938 ] }, { "date": "2024-09-27", "close": 11.130623, "volume": 1022500, "typical_volume": 2326210.0, "trend": 10.041813, "fair_value": 11.459106, "relative_strength": 2.612654, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.835531, "energy": 87.276525, "activity_lines": [ 11.221115, 10.819804, 10.16752, 10.056424 ] }, { "date": "2024-10-04", "close": 10.949636, "volume": 832000, "typical_volume": 2146155.0, "trend": 10.057943, "fair_value": 11.430542, "relative_strength": 1.370591, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.192915, "energy": 84.979107, "activity_lines": [ 11.154753, 10.911124, 10.272491, 10.114993 ] }, { "date": "2024-10-11", "close": 10.859143, "volume": 2727000, "typical_volume": 2260955.0, "trend": 10.065193, "fair_value": 11.400881, "relative_strength": -1.188154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.069743, "energy": 59.609492, "activity_lines": [ 11.052195, 10.956361, 10.364864, 10.166684 ] }, { "date": "2024-10-18", "close": 11.040129, "volume": 527200, "typical_volume": 2072030.0, "trend": 10.08434, "fair_value": 11.371863, "relative_strength": -0.759058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.047669, "energy": 53.477987, "activity_lines": [ 11.015998, 11.01136, 10.472182, 10.229583 ] }, { "date": "2024-10-25", "close": 10.587665, "volume": 281700, "typical_volume": 1965185.0, "trend": 10.088404, "fair_value": 11.33736, "relative_strength": -3.017517, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.582884, "energy": 37.376774, "activity_lines": [ 10.847078, 10.960887, 10.530741, 10.262055 ] }, { "date": "2024-11-01", "close": 10.587665, "volume": 646000, "typical_volume": 1805790.0, "trend": 10.092468, "fair_value": 11.303373, "relative_strength": -3.001401, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.734706, "energy": 28.889077, "activity_lines": [ 10.738486, 10.900276, 10.583263, 10.294266 ] }, { "date": "2024-11-08", "close": 10.316187, "volume": 537900, "typical_volume": 1691740.0, "trend": 10.090415, "fair_value": 11.268681, "relative_strength": -5.402428, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.467483, "energy": 27.388056, "activity_lines": [ 10.575599, 10.780168, 10.601358, 10.308699 ] }, { "date": "2024-11-15", "close": 9.954214, "volume": 552200, "typical_volume": 1688945.0, "trend": 10.076296, "fair_value": 11.232702, "relative_strength": -7.105529, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.32776, "energy": 22.60613, "activity_lines": [ 10.334285, 10.604118, 10.577277, 10.299912 ] }, { "date": "2024-11-22", "close": 9.863722, "volume": 600000, "typical_volume": 1518090.0, "trend": 10.05916, "fair_value": 11.198211, "relative_strength": -7.979903, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.69283, "energy": 32.181408, "activity_lines": [ 10.123135, 10.429714, 10.537331, 10.286198 ] }, { "date": "2024-11-29", "close": 10.233949, "volume": 489400, "typical_volume": 1446205.0, "trend": 10.054365, "fair_value": 11.169195, "relative_strength": -3.135972, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.848663, "energy": 29.919163, "activity_lines": [ 10.113821, 10.348948, 10.527941, 10.297474 ] }, { "date": "2024-12-06", "close": 10.416698, "volume": 643600, "typical_volume": 1397415.0, "trend": 10.058594, "fair_value": 11.140317, "relative_strength": -2.94674, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.843324, "energy": 23.3469, "activity_lines": [ 10.189004, 10.324295, 10.528645, 10.320851 ] }, { "date": "2024-12-13", "close": 10.051199, "volume": 404000, "typical_volume": 1351735.0, "trend": 10.056502, "fair_value": 11.109096, "relative_strength": -4.946642, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.325515, "energy": 26.994444, "activity_lines": [ 10.153753, 10.246167, 10.489318, 10.320373 ] }, { "date": "2024-12-20", "close": 9.777075, "volume": 921200, "typical_volume": 1343115.0, "trend": 10.036478, "fair_value": 11.080771, "relative_strength": -2.986777, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.821657, "energy": 22.189116, "activity_lines": [ 10.044792, 10.134534, 10.420401, 10.302346 ] }, { "date": "2024-12-27", "close": 9.86845, "volume": 799000, "typical_volume": 1173150.0, "trend": 10.03709, "fair_value": 11.053032, "relative_strength": -4.489933, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.613369, "energy": 28.729798, "activity_lines": [ 9.978099, 10.059189, 10.359278, 10.291505 ] }, { "date": "2025-01-03", "close": 9.777075, "volume": 1112800, "typical_volume": 1104270.0, "trend": 10.052326, "fair_value": 11.025224, "relative_strength": -4.044591, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.853042, "energy": 39.462121, "activity_lines": [ 9.880633, 9.988533, 10.288954, 10.27473 ] }, { "date": "2025-01-10", "close": 9.959825, "volume": 2209000, "typical_volume": 1147685.0, "trend": 10.091407, "fair_value": 10.999105, "relative_strength": -0.989143, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.121148, "energy": 37.471258, "activity_lines": [ 9.874542, 9.965842, 10.23724, 10.268762 ] }, { "date": "2025-01-17", "close": 9.685702, "volume": 2126000, "typical_volume": 1087210.0, "trend": 10.124309, "fair_value": 10.976399, "relative_strength": -1.595896, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.289004, "energy": 42.679452, "activity_lines": [ 9.807534, 9.904726, 10.159754, 10.242588 ] }, { "date": "2025-01-24", "close": 9.685702, "volume": 972500, "typical_volume": 1099790.0, "trend": 10.166087, "fair_value": 10.962482, "relative_strength": -2.461913, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.689916, "energy": 46.646263, "activity_lines": [ 9.764893, 9.855074, 10.087855, 10.214291 ] }, { "date": "2025-01-31", "close": 9.685702, "volume": 1341800, "typical_volume": 1067960.0, "trend": 10.193071, "fair_value": 10.948566, "relative_strength": 0.558135, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.503167, "energy": 51.548423, "activity_lines": [ 9.728343, 9.810303, 10.021975, 10.183298 ] }, { "date": "2025-02-07", "close": 9.320204, "volume": 820000, "typical_volume": 978290.0, "trend": 10.21379, "fair_value": 10.928687, "relative_strength": -0.752909, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.089598, "energy": 69.576666, "activity_lines": [ 9.582144, 9.702315, 9.929028, 10.126984 ] }, { "date": "2025-02-14", "close": 9.411578, "volume": 555300, "typical_volume": 954930.0, "trend": 10.216843, "fair_value": 10.904224, "relative_strength": 1.01412, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.567836, "energy": 69.499496, "activity_lines": [ 9.496861, 9.627554, 9.855128, 10.075229 ] }, { "date": "2025-02-21", "close": 9.685702, "volume": 1144600, "typical_volume": 970560.0, "trend": 10.229034, "fair_value": 10.884877, "relative_strength": 6.053669, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.730512, "energy": 47.462266, "activity_lines": [ 9.539503, 9.620909, 9.815521, 10.040961 ] }, { "date": "2025-02-28", "close": 9.567977, "volume": 2301100, "typical_volume": 949265.0, "trend": 10.228424, "fair_value": 10.864258, "relative_strength": 8.397087, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.652991, "energy": 44.30404, "activity_lines": [ 9.542902, 9.599504, 9.77072, 9.998313 ] }, { "date": "2025-03-07", "close": 9.289299, "volume": 2173700, "typical_volume": 1031590.0, "trend": 10.212608, "fair_value": 10.844445, "relative_strength": 5.338338, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.445435, "energy": 46.952853, "activity_lines": [ 9.461258, 9.531233, 9.705528, 9.937724 ] }, { "date": "2025-03-14", "close": 9.196406, "volume": 4728100, "typical_volume": 1253910.0, "trend": 10.184819, "fair_value": 10.820925, "relative_strength": 6.752648, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.254152, "energy": 47.953349, "activity_lines": [ 9.375076, 9.456602, 9.639826, 9.872162 ] }, { "date": "2025-03-21", "close": 8.964172, "volume": 425900, "typical_volume": 1242905.0, "trend": 10.149289, "fair_value": 10.795916, "relative_strength": 2.936406, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.93477, "energy": 72.941964, "activity_lines": [ 9.219736, 9.350304, 9.558631, 9.793411 ] }, { "date": "2025-03-28", "close": 9.01062, "volume": 552000, "typical_volume": 1243610.0, "trend": 10.087672, "fair_value": 10.766537, "relative_strength": 4.432858, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.575316, "energy": 77.723252, "activity_lines": [ 9.109705, 9.270554, 9.489591, 9.719948 ] }, { "date": "2025-04-04", "close": 8.964172, "volume": 1338800, "typical_volume": 1282940.0, "trend": 10.02149, "fair_value": 10.738416, "relative_strength": 8.431536, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.013082, "energy": 78.05384, "activity_lines": [ 9.029198, 9.194634, 9.422344, 9.647465 ] }, { "date": "2025-04-11", "close": 8.824835, "volume": 1045100, "typical_volume": 1305195.0, "trend": 9.938597, "fair_value": 10.708365, "relative_strength": 6.312131, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.833142, "energy": 82.443538, "activity_lines": [ 8.942498, 9.106498, 9.346541, 9.570261 ] }, { "date": "2025-04-18", "close": 8.73194, "volume": 539100, "typical_volume": 1307680.0, "trend": 9.846576, "fair_value": 10.675124, "relative_strength": 3.210845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.672533, "energy": 80.498452, "activity_lines": [ 8.855798, 9.017124, 9.266839, 9.492412 ] }, { "date": "2025-04-25", "close": 8.871281, "volume": 2301600, "typical_volume": 1390580.0, "trend": 9.771264, "fair_value": 10.644333, "relative_strength": 4.123218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.191362, "energy": 61.713143, "activity_lines": [ 8.846509, 8.96378, 9.207559, 9.42949 ] }, { "date": "2025-05-02", "close": 8.871281, "volume": 1293900, "typical_volume": 1435075.0, "trend": 9.701986, "fair_value": 10.616135, "relative_strength": 0.697712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.302497, "energy": 56.135378, "activity_lines": [ 8.843413, 8.92026, 9.155639, 9.371426 ] }, { "date": "2025-05-09", "close": 8.917727, "volume": 1515800, "typical_volume": 1464805.0, "trend": 9.637272, "fair_value": 10.586679, "relative_strength": 0.260883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.011042, "energy": 52.896466, "activity_lines": [ 8.865088, 8.899993, 9.11376, 9.320829 ] }, { "date": "2025-05-16", "close": 8.639048, "volume": 790000, "typical_volume": 1464355.0, "trend": 9.557236, "fair_value": 10.557512, "relative_strength": -1.616876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.549293, "energy": 54.892668, "activity_lines": [ 8.796966, 8.840879, 9.049433, 9.256428 ] }, { "date": "2025-05-23", "close": 9.289299, "volume": 1951300, "typical_volume": 1506280.0, "trend": 9.513957, "fair_value": 10.532512, "relative_strength": 7.451944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.956718, "energy": 30.513957, "activity_lines": [ 8.957981, 8.911816, 9.052889, 9.239141 ] }, { "date": "2025-05-30", "close": 9.475083, "volume": 6006000, "typical_volume": 1696130.0, "trend": 9.476871, "fair_value": 10.508443, "relative_strength": 11.922234, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.894247, "energy": 14.334662, "activity_lines": [ 9.143766, 9.014842, 9.076361, 9.236633 ] }, { "date": "2025-06-06", "close": 9.166451, "volume": 2500700, "typical_volume": 1714865.0, "trend": 9.438546, "fair_value": 10.483957, "relative_strength": 9.185576, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.540459, "energy": 19.895444, "activity_lines": [ 9.18642, 9.052464, 9.072749, 9.216606 ] }, { "date": "2025-06-13", "close": 9.024701, "volume": 2112600, "typical_volume": 1771870.0, "trend": 9.407563, "fair_value": 10.464286, "relative_strength": 8.441183, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.725018, "energy": 20.200566, "activity_lines": [ 9.162147, 9.061481, 9.058108, 9.189907 ] }, { "date": "2025-06-20", "close": 9.166451, "volume": 1273700, "typical_volume": 1768465.0, "trend": 9.38432, "fair_value": 10.447083, "relative_strength": 15.249605, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.283364, "energy": 15.411425, "activity_lines": [ 9.177992, 9.095169, 9.060116, 9.174351 ] }, { "date": "2025-06-27", "close": 9.071951, "volume": 1808300, "typical_volume": 1817880.0, "trend": 9.345587, "fair_value": 10.424593, "relative_strength": 11.953978, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.364003, "energy": 9.007168, "activity_lines": [ 9.127176, 9.105464, 9.055596, 9.154198 ] }, { "date": "2025-07-04", "close": 8.930201, "volume": 1785900, "typical_volume": 1879410.0, "trend": 9.296037, "fair_value": 10.403275, "relative_strength": 6.183036, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.877634, "energy": 21.729909, "activity_lines": [ 9.043601, 9.083805, 9.038758, 9.127399 ] }, { "date": "2025-07-11", "close": 8.977451, "volume": 1359400, "typical_volume": 1890150.0, "trend": 9.260245, "fair_value": 10.385381, "relative_strength": 6.229694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.223877, "energy": 22.204394, "activity_lines": [ 9.012101, 9.069665, 9.028712, 9.106845 ] }, { "date": "2025-07-18", "close": 9.071951, "volume": 2356700, "typical_volume": 1892930.0, "trend": 9.236741, "fair_value": 10.367573, "relative_strength": -0.367023, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.217787, "energy": 21.268203, "activity_lines": [ 9.024701, 9.070777, 9.031039, 9.094697 ] }, { "date": "2025-07-25", "close": 9.1192, "volume": 3977600, "typical_volume": 1983125.0, "trend": 9.211766, "fair_value": 10.350588, "relative_strength": -0.809506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.979578, "energy": 15.94845, "activity_lines": [ 9.049901, 9.077676, 9.040228, 9.087114 ] }, { "date": "2025-08-01", "close": 9.1192, "volume": 4685400, "typical_volume": 1980990.0, "trend": 9.189837, "fair_value": 10.333604, "relative_strength": -0.952073, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.291357, "energy": 6.132443, "activity_lines": [ 9.07825, 9.075844, 9.050227, 9.081142 ] }, { "date": "2025-08-08", "close": 9.402699, "volume": 3983000, "typical_volume": 2158845.0, "trend": 9.171266, "fair_value": 10.317916, "relative_strength": -1.162416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.782257, "energy": 19.357899, "activity_lines": [ 9.19795, 9.12865, 9.087594, 9.094875 ] }, { "date": "2025-08-15", "close": 9.638946, "volume": 2081300, "typical_volume": 2235310.0, "trend": 9.169708, "fair_value": 10.305303, "relative_strength": 1.304152, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.21648, "energy": 53.359831, "activity_lines": [ 9.364898, 9.225727, 9.145372, 9.125048 ] }, { "date": "2025-08-22", "close": 9.449948, "volume": 3131400, "typical_volume": 2324940.0, "trend": 9.161849, "fair_value": 10.292003, "relative_strength": -0.239049, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.619757, "energy": 56.903314, "activity_lines": [ 9.424748, 9.279849, 9.182158, 9.143128 ] }, { "date": "2025-08-29", "close": 9.61207, "volume": 3413300, "typical_volume": 2443350.0, "trend": 9.159395, "fair_value": 10.281314, "relative_strength": 2.90623, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.903218, "energy": 78.867333, "activity_lines": [ 9.513439, 9.355716, 9.232071, 9.172174 ] }, { "date": "2025-09-05", "close": 9.515467, "volume": 4212100, "typical_volume": 2627000.0, "trend": 9.165904, "fair_value": 10.268958, "relative_strength": -0.361384, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.368174, "energy": 74.827983, "activity_lines": [ 9.53707, 9.405917, 9.269035, 9.195147 ] }, { "date": "2025-09-12", "close": 10.239994, "volume": 2546900, "typical_volume": 2639265.0, "trend": 9.193517, "fair_value": 10.261246, "relative_strength": 4.843317, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.022022, "energy": 89.054023, "activity_lines": [ 9.775793, 9.579787, 9.37127, 9.264443 ] }, { "date": "2025-09-19", "close": 9.950184, "volume": 2849800, "typical_volume": 2717060.0, "trend": 9.202333, "fair_value": 10.2522, "relative_strength": 2.004051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.484142, "energy": 83.319927, "activity_lines": [ 9.862092, 9.677149, 9.439387, 9.31326 ] }, { "date": "2025-09-26", "close": 9.950184, "volume": 1215700, "typical_volume": 2702055.0, "trend": 9.215074, "fair_value": 10.245775, "relative_strength": 3.091441, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.976042, "energy": 77.978466, "activity_lines": [ 9.927643, 9.756825, 9.502367, 9.361508 ] }, { "date": "2025-10-03", "close": 9.660372, "volume": 1777900, "typical_volume": 2751450.0, "trend": 9.227443, "fair_value": 10.241683, "relative_strength": -1.033059, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.689197, "energy": 61.174218, "activity_lines": [ 9.86324, 9.76784, 9.532828, 9.390237 ] }, { "date": "2025-10-10", "close": 9.756976, "volume": 1882200, "typical_volume": 2747995.0, "trend": 9.246128, "fair_value": 10.239782, "relative_strength": 0.421739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.563255, "energy": 45.534065, "activity_lines": [ 9.827819, 9.78658, 9.567627, 9.424401 ] }, { "date": "2025-10-17", "close": 9.756976, "volume": 1129000, "typical_volume": 2504145.0, "trend": 9.272555, "fair_value": 10.238405, "relative_strength": 1.333214, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.991573, "energy": 33.850951, "activity_lines": [ 9.776297, 9.793724, 9.600199, 9.457359 ] }, { "date": "2025-10-24", "close": 9.756976, "volume": 3744900, "typical_volume": 2566355.0, "trend": 9.297434, "fair_value": 10.238076, "relative_strength": -1.745522, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.152809, "energy": 26.130811, "activity_lines": [ 9.756976, 9.794426, 9.631428, 9.488612 ] }, { "date": "2025-10-31", "close": 9.660372, "volume": 3348200, "typical_volume": 2628135.0, "trend": 9.32064, "fair_value": 10.235031, "relative_strength": -2.426965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.920649, "energy": 23.274974, "activity_lines": [ 9.718334, 9.775419, 9.650645, 9.512027 ] }, { "date": "2025-11-07", "close": 9.563767, "volume": 3306900, "typical_volume": 2729795.0, "trend": 9.345272, "fair_value": 10.231892, "relative_strength": -2.98743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.193567, "energy": 18.63284, "activity_lines": [ 9.666812, 9.73502, 9.657634, 9.527713 ] }, { "date": "2025-11-14", "close": 9.660372, "volume": 2694800, "typical_volume": 2774120.0, "trend": 9.376219, "fair_value": 10.228324, "relative_strength": 0.408996, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.124224, "energy": 17.31171, "activity_lines": [ 9.653931, 9.713065, 9.671932, 9.548042 ] }, { "date": "2025-11-21", "close": 9.85358, "volume": 1209700, "typical_volume": 2745310.0, "trend": 9.408963, "fair_value": 10.226253, "relative_strength": 3.358978, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.13379, "energy": 21.823982, "activity_lines": [ 9.711894, 9.723604, 9.701829, 9.578839 ] }, { "date": "2025-11-28", "close": 9.787611, "volume": 1360700, "typical_volume": 2745375.0, "trend": 9.439507, "fair_value": 10.22429, "relative_strength": 2.319535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.70737, "energy": 26.053653, "activity_lines": [ 9.741426, 9.729174, 9.721046, 9.603268 ] }, { "date": "2025-12-05", "close": 9.787611, "volume": 2507400, "typical_volume": 2752910.0, "trend": 9.468503, "fair_value": 10.221796, "relative_strength": 0.81769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.190703, "energy": 30.121162, "activity_lines": [ 9.768917, 9.737699, 9.736405, 9.625726 ] }, { "date": "2025-12-12", "close": 10.276991, "volume": 1781100, "typical_volume": 2643085.0, "trend": 9.523101, "fair_value": 10.22297, "relative_strength": 7.201336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.606849, "energy": 71.516135, "activity_lines": [ 9.951051, 9.838159, 9.794963, 9.677887 ] }, { "date": "2025-12-19", "close": 9.885488, "volume": 3037800, "typical_volume": 2560705.0, "trend": 9.542974, "fair_value": 10.221104, "relative_strength": 3.084889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.384712, "energy": 58.272071, "activity_lines": [ 9.955136, 9.856226, 9.810723, 9.701267 ] }, { "date": "2025-12-26", "close": 10.276991, "volume": 1884800, "typical_volume": 2455795.0, "trend": 9.569704, "fair_value": 10.221217, "relative_strength": 6.267825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.585545, "energy": 73.219973, "activity_lines": [ 10.074714, 9.943138, 9.860119, 9.748623 ] }, { "date": "2026-01-02", "close": 10.179115, "volume": 916100, "typical_volume": 2397535.0, "trend": 9.60346, "fair_value": 10.219641, "relative_strength": 4.952513, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.314439, "energy": 72.94317, "activity_lines": [ 10.13344, 10.0028, 9.89603, 9.787939 ] }, { "date": "2026-01-09", "close": 10.08124, "volume": 2243000, "typical_volume": 2353115.0, "trend": 9.638678, "fair_value": 10.212666, "relative_strength": 4.208554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.326872, "energy": 47.225364, "activity_lines": [ 10.13344, 10.03699, 9.920048, 9.818764 ] }, { "date": "2026-01-16", "close": 10.08124, "volume": 3255000, "typical_volume": 2345200.0, "trend": 9.669171, "fair_value": 10.200917, "relative_strength": 2.278346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.322309, "energy": 43.642624, "activity_lines": [ 10.113865, 10.063529, 9.94106, 9.847316 ] }, { "date": "2026-01-23", "close": 10.08124, "volume": 4081100, "typical_volume": 2338650.0, "trend": 9.702814, "fair_value": 10.191819, "relative_strength": -0.867594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.744998, "energy": 35.591303, "activity_lines": [ 10.10734, 10.080659, 9.959838, 9.873901 ] }, { "date": "2026-01-30", "close": 10.276991, "volume": 3969900, "typical_volume": 2409800.0, "trend": 9.747707, "fair_value": 10.183977, "relative_strength": 0.105584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.754039, "energy": 37.51219, "activity_lines": [ 10.153015, 10.125729, 9.994564, 9.910945 ] }, { "date": "2026-02-06", "close": 10.374867, "volume": 2967800, "typical_volume": 2415700.0, "trend": 9.794287, "fair_value": 10.177292, "relative_strength": -1.156379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.764363, "energy": 40.775981, "activity_lines": [ 10.231316, 10.180895, 10.038436, 9.951407 ] }, { "date": "2026-02-13", "close": 10.668495, "volume": 3234800, "typical_volume": 2516655.0, "trend": 9.847505, "fair_value": 10.171429, "relative_strength": -3.801993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.876803, "energy": 57.04981, "activity_lines": [ 10.394442, 10.278771, 10.10825, 10.007808 ] }, { "date": "2026-02-20", "close": 10.864248, "volume": 2686400, "typical_volume": 2562080.0, "trend": 9.905674, "fair_value": 10.166228, "relative_strength": -5.199644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.188672, "energy": 76.470124, "activity_lines": [ 10.58367, 10.396222, 10.193286, 10.073404 ] }, { "date": "2026-02-27", "close": 11.4, "volume": 4945000, "typical_volume": 2715220.0, "trend": 9.9817, "fair_value": 10.168231, "relative_strength": -3.567735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.452037, "energy": 89.307986, "activity_lines": [ 10.89928, 10.600406, 10.323614, 10.169812 ] }, { "date": "2026-03-06", "close": 10.8, "volume": 3872500, "typical_volume": 2852395.0, "trend": 10.028277, "fair_value": 10.166926, "relative_strength": -0.989438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.288531, "energy": 76.374734, "activity_lines": [ 10.926973, 10.667961, 10.388975, 10.222606 ] }, { "date": "2026-03-13", "close": 11.3, "volume": 2448800, "typical_volume": 2787590.0, "trend": 10.083646, "fair_value": 10.172057, "relative_strength": 3.62224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.905398, "energy": 78.717886, "activity_lines": [ 11.086466, 10.816917, 10.496989, 10.304652 ] }, { "date": "2026-03-20", "close": 10.8, "volume": 805600, "typical_volume": 2660460.0, "trend": 10.128647, "fair_value": 10.17129, "relative_strength": -2.592333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.635585, "energy": 54.273669, "activity_lines": [ 11.017617, 10.854584, 10.550035, 10.350869 ] }, { "date": "2026-03-27", "close": 10.9, "volume": 1703400, "typical_volume": 2580285.0, "trend": 10.171578, "fair_value": 10.171703, "relative_strength": -2.613402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.174785, "energy": 44.782638, "activity_lines": [ 10.973333, 10.897364, 10.607179, 10.400633 ] }, { "date": "2026-04-03", "close": 11.00177, "volume": 1709000, "typical_volume": 2530995.0, "trend": 10.221122, "fair_value": 10.173307, "relative_strength": -2.076562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.867466, "energy": 41.975695, "activity_lines": [ 10.96059, 10.943762, 10.667652, 10.454194 ] }, { "date": "2026-04-10", "close": 11.299114, "volume": 2074500, "typical_volume": 2574235.0, "trend": 10.256426, "fair_value": 10.174663, "relative_strength": -2.879232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.226923, "energy": 42.572058, "activity_lines": [ 11.07351, 11.027485, 10.750056, 10.523742 ] }, { "date": "2026-04-17", "close": 11.2, "volume": 805700, "typical_volume": 2546485.0, "trend": 10.298086, "fair_value": 10.174307, "relative_strength": -2.139578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.372823, "energy": 42.231755, "activity_lines": [ 11.120118, 11.074603, 10.816137, 10.584618 ] }, { "date": "2026-04-24", "close": 11.00177, "volume": 2099900, "typical_volume": 2526110.0, "trend": 10.333139, "fair_value": 10.173757, "relative_strength": -2.108009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.873918, "energy": 37.99037, "activity_lines": [ 11.107315, 11.070677, 10.856613, 10.630017 ] }, { "date": "2026-05-01", "close": 11.497346, "volume": 1878400, "typical_volume": 2530975.0, "trend": 10.394372, "fair_value": 10.176384, "relative_strength": -0.347012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.484727, "energy": 45.823346, "activity_lines": [ 11.246254, 11.150797, 10.938505, 10.705127 ] }, { "date": "2026-05-08", "close": 11.695576, "volume": 1556600, "typical_volume": 2456915.0, "trend": 10.458992, "fair_value": 10.178666, "relative_strength": 0.812336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.54541, "energy": 52.979911, "activity_lines": [ 11.411446, 11.255447, 11.033465, 10.789075 ] }, { "date": "2026-05-15", "close": 11.497346, "volume": 3345600, "typical_volume": 2529955.0, "trend": 10.517004, "fair_value": 10.182908, "relative_strength": -2.129849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.619647, "energy": 48.950844, "activity_lines": [ 11.464307, 11.318681, 11.100926, 10.856066 ] }, { "date": "2026-05-22", "close": 11.100884, "volume": 2753400, "typical_volume": 2621820.0, "trend": 10.561801, "fair_value": 10.182993, "relative_strength": -6.61893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.434849, "energy": 40.119601, "activity_lines": [ 11.3718, 11.297152, 11.124818, 10.893736 ] }, { "date": "2026-05-29", "close": 11.2, "volume": 2695000, "typical_volume": 2644420.0, "trend": 10.613122, "fair_value": 10.184585, "relative_strength": -7.314616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.212856, "energy": 33.610378, "activity_lines": [ 11.318938, 11.297265, 11.153761, 10.93491 ] }, { "date": "2026-06-05", "close": 11.3, "volume": 293400, "typical_volume": 2496340.0, "trend": 10.670996, "fair_value": 10.185729, "relative_strength": -7.113239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.288515, "energy": 24.341757, "activity_lines": [ 11.286195, 11.308287, 11.186899, 10.979225 ] }, { "date": "2026-06-12", "close": 11.4, "volume": 93900, "typical_volume": 2296980.0, "trend": 10.728984, "fair_value": 10.18697, "relative_strength": -6.663175, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.721044, "energy": 24.313477, "activity_lines": [ 11.299941, 11.330217, 11.223758, 11.026257 ] }, { "date": "2026-06-19", "close": 12.0, "volume": 1759300, "typical_volume": 2186450.0, "trend": 10.800531, "fair_value": 10.193145, "relative_strength": -0.268028, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 76.89664, "energy": 53.538572, "activity_lines": [ 11.533392, 11.453998, 11.31148, 11.108258 ] }, { "date": "2026-06-26", "close": 11.5, "volume": 147500, "typical_volume": 2045435.0, "trend": 10.857611, "fair_value": 10.197204, "relative_strength": -2.327495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.054036, "energy": 48.447858, "activity_lines": [ 11.566667, 11.474127, 11.343378, 11.153385 ] }, { "date": "2026-07-03", "close": 11.6, "volume": 149700, "typical_volume": 1891180.0, "trend": 10.918024, "fair_value": 10.202448, "relative_strength": -5.509137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.30315, "energy": 53.979697, "activity_lines": [ 11.606667, 11.506983, 11.379442, 11.201281 ] }, { "date": "2026-07-10", "close": 11.7, "volume": 3436100, "typical_volume": 1928665.0, "trend": 10.965457, "fair_value": 10.207244, "relative_strength": -5.108436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.87215, "energy": 55.20886, "activity_lines": [ 11.653333, 11.547144, 11.420594, 11.251731 ] }, { "date": "2026-07-17", "close": 12.4, "volume": 3343500, "typical_volume": 1848590.0, "trend": 11.049274, "fair_value": 10.215984, "relative_strength": -0.516064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.391834, "energy": 65.274534, "activity_lines": [ 11.906667, 11.710893, 11.524433, 11.344282 ] }, { "date": "2026-07-24", "close": 12.4, "volume": 2483400, "typical_volume": 1779135.0, "trend": 11.120041, "fair_value": 10.225268, "relative_strength": -0.81107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.706587, "energy": 75.984915, "activity_lines": [ 12.093333, 11.861834, 11.62351, 11.431426 ] }, { "date": "2026-07-31", "close": 12.7, "volume": 2712000, "typical_volume": 1792295.0, "trend": 11.204071, "fair_value": 10.23593, "relative_strength": 2.65027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.161084, "energy": 86.891923, "activity_lines": [ 12.353333, 12.050909, 11.74354, 11.533359 ] }, { "date": "2026-08-07", "close": 13.2, "volume": 4345700, "typical_volume": 1969300.0, "trend": 11.30803, "fair_value": 10.249798, "relative_strength": 7.222064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.059995, "energy": 93.228917, "activity_lines": [ 12.7, 12.301818, 11.904522, 11.662128 ] } ], "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." } } }