{ "ticker": { "uuid": "3c31cf97-5681-4e46-b075-a849105c389e", "symbol": "AMP", "name": "Amplifon S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 50.711, "architecture_energy": 68.337, "architecture_maturity": 9.793, "architecture_confidence": 55.144, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 22.49, "rotation_up": 77.38, "upward_expansion": 66.62, "deceleration": 18.15, "rotation_down": 16.54, "downward_expansion": 22.62 }, "activity_lines": [ 11.551667, 11.071345, 10.689523, 10.588681 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 11.955, "trend_reference": 10.89376, "distance_from_trend": 0.097417, "trend_direction": "Weakening", "fair_value": 21.135941, "distance_from_fair_value": -0.434376, "fair_value_direction": "Improving", "relative_strength": -16.904759, "relative_strength_direction": "Improving", "price_momentum": -0.113936, "excess_performance": -0.284828, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.097417, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.070819, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.434376, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.098367, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.169048, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.180918, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.113936, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.106126, "read": "Demand-led" } ], "volume": { "latest": 13512102, "relative_activity": 1.466074, "balance": 1.106126, "dry_up": 1.132629, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.062741, "annualized_volatility": 0.590516, "from_high_reference": -0.2346, "from_low_reference": 0.567234 }, "levels": { "trend_reference": 10.89376, "fair_value_reference": 21.135941, "structural_low": 7.628091, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.015595, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.023067, "regime_survival": 0.5, "best_return": 0.053525, "worst_return": -0.022336, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.078494, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.066406, "regime_survival": 0.0, "best_return": 0.078494, "worst_return": 0.078494, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.069653, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.022663, "regime_survival": 0.0, "best_return": 0.069653, "worst_return": 0.069653, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.201943, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.327438, "regime_survival": 0.0, "best_return": -0.201943, "worst_return": -0.201943, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.090447, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-07-19", "tenure": "Developing", "return": -0.113965, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-08-09", "tenure": "New", "return": -0.057666, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2025-01-24", "tenure": "Established", "return": -0.111227, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.057937, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-06-20", "tenure": "Established", "return": 0.003765, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-25", "tenure": "Developing", "return": 0.026436, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2026-01-02", "tenure": "Established", "return": -0.063364, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-09", "end": "2026-01-09", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": 0.015757, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.04321, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-06-05", "tenure": "Established", "return": 0.046297, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-07-31", "tenure": "Developing", "return": 0.13615, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.798538, "volume": 1677619, "typical_volume": 2657289.5, "trend": 29.712546, "fair_value": 31.953807, "relative_strength": -7.521048, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.150161, "energy": 49.70716, "activity_lines": [ 28.578383, 29.276438, 30.461643, 30.414857 ] }, { "date": "2023-08-25", "close": 28.4072, "volume": 1446386, "typical_volume": 2647182.5, "trend": 29.850386, "fair_value": 31.972025, "relative_strength": -6.799556, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.021251, "energy": 52.475206, "activity_lines": [ 28.410368, 28.976951, 30.207213, 30.330641 ] }, { "date": "2023-09-01", "close": 28.036297, "volume": 2642475, "typical_volume": 2669484.65, "trend": 29.909854, "fair_value": 31.984767, "relative_strength": -9.184451, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.295806, "energy": 51.87806, "activity_lines": [ 28.195436, 28.700288, 29.92875, 30.213603 ] }, { "date": "2023-09-08", "close": 27.627356, "volume": 1970836, "typical_volume": 2644371.6, "trend": 29.994668, "fair_value": 31.986007, "relative_strength": -8.979944, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.563008, "energy": 54.723933, "activity_lines": [ 27.968457, 28.415325, 29.624669, 30.066345 ] }, { "date": "2023-09-15", "close": 27.560785, "volume": 4325719, "typical_volume": 2748889.1, "trend": 30.052116, "fair_value": 31.983604, "relative_strength": -11.123322, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.957631, "energy": 56.258226, "activity_lines": [ 27.802345, 28.196762, 29.332755, 29.909321 ] }, { "date": "2023-09-22", "close": 27.71295, "volume": 4632719, "typical_volume": 2787481.75, "trend": 30.124381, "fair_value": 31.988492, "relative_strength": -9.394196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.193385, "energy": 48.40161, "activity_lines": [ 27.74465, 28.028517, 29.073529, 29.758407 ] }, { "date": "2023-09-29", "close": 26.742901, "volume": 6103899, "typical_volume": 2961543.75, "trend": 30.069071, "fair_value": 31.973754, "relative_strength": -11.085044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.837254, "energy": 48.858175, "activity_lines": [ 27.369311, 27.72903, 28.751109, 29.540247 ] }, { "date": "2023-10-06", "close": 25.925016, "volume": 2986519, "typical_volume": 2985922.6, "trend": 30.016987, "fair_value": 31.94978, "relative_strength": -12.050082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.405273, "energy": 64.018253, "activity_lines": [ 26.832297, 27.332019, 28.385144, 29.272888 ] }, { "date": "2023-10-13", "close": 26.38151, "volume": 2956351, "typical_volume": 3019738.15, "trend": 29.958746, "fair_value": 31.925932, "relative_strength": -11.566015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.459708, "energy": 63.650433, "activity_lines": [ 26.5882, 27.090285, 28.092862, 29.038341 ] }, { "date": "2023-10-20", "close": 25.905996, "volume": 3578930, "typical_volume": 3035324.85, "trend": 29.866424, "fair_value": 31.899691, "relative_strength": -10.042231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.149689, "energy": 68.471348, "activity_lines": [ 26.268655, 26.807398, 27.779113, 28.776874 ] }, { "date": "2023-10-27", "close": 24.498476, "volume": 2378801, "typical_volume": 3002644.35, "trend": 29.679093, "fair_value": 31.870744, "relative_strength": -14.500405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.631793, "energy": 81.683654, "activity_lines": [ 25.590255, 26.31442, 27.359438, 28.430554 ] }, { "date": "2023-11-03", "close": 26.343468, "volume": 4823823, "typical_volume": 3131857.75, "trend": 29.531259, "fair_value": 31.831754, "relative_strength": -12.348616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.758699, "energy": 51.667907, "activity_lines": [ 25.741151, 26.216896, 27.157186, 28.215353 ] }, { "date": "2023-11-10", "close": 25.77285, "volume": 2139499, "typical_volume": 3157767.85, "trend": 29.362519, "fair_value": 31.788331, "relative_strength": -13.389642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.348819, "energy": 48.156593, "activity_lines": [ 25.72847, 26.053146, 26.934057, 27.972875 ] }, { "date": "2023-11-17", "close": 26.172283, "volume": 3474067, "typical_volume": 3208557.25, "trend": 29.184462, "fair_value": 31.752236, "relative_strength": -14.746256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.76054, "energy": 42.279679, "activity_lines": [ 25.859078, 26.003173, 26.777047, 27.767053 ] }, { "date": "2023-11-24", "close": 27.028206, "volume": 1616751, "typical_volume": 3069901.65, "trend": 29.039336, "fair_value": 31.721211, "relative_strength": -11.52331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.31273, "energy": 25.804386, "activity_lines": [ 26.288942, 26.135279, 26.729042, 27.62794 ] }, { "date": "2023-12-01", "close": 26.771431, "volume": 3397136, "typical_volume": 3073799.65, "trend": 28.803613, "fair_value": 31.700101, "relative_strength": -13.498143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.768068, "energy": 20.69157, "activity_lines": [ 26.5584, 26.230382, 26.665052, 27.481623 ] }, { "date": "2023-12-08", "close": 26.790453, "volume": 2619973, "typical_volume": 3103249.6, "trend": 28.564752, "fair_value": 31.674523, "relative_strength": -14.465403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.165101, "energy": 17.539323, "activity_lines": [ 26.682668, 26.346062, 26.619176, 27.351742 ] }, { "date": "2023-12-15", "close": 30.128559, "volume": 5659974, "typical_volume": 3173922.0, "trend": 28.493425, "fair_value": 31.665339, "relative_strength": -3.567815, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.097244, "energy": 20.701702, "activity_lines": [ 27.88984, 27.067806, 26.904394, 27.452633 ] }, { "date": "2023-12-22", "close": 29.985905, "volume": 2000619, "typical_volume": 3111154.1, "trend": 28.446825, "fair_value": 31.65947, "relative_strength": -3.82422, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.663729, "energy": 37.333709, "activity_lines": [ 28.759079, 27.687184, 27.174938, 27.548922 ] }, { "date": "2023-12-29", "close": 29.80521, "volume": 516303, "typical_volume": 3047419.95, "trend": 28.379936, "fair_value": 31.647677, "relative_strength": -4.177129, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.9859, "energy": 57.740824, "activity_lines": [ 29.313846, 28.208175, 27.422976, 27.636559 ] }, { "date": "2024-01-05", "close": 29.063408, "volume": 1487881, "typical_volume": 3037933.05, "trend": 28.240135, "fair_value": 31.63232, "relative_strength": -6.72995, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.448785, "energy": 57.742719, "activity_lines": [ 29.436211, 28.523397, 27.593798, 27.680654 ] }, { "date": "2024-01-12", "close": 30.432888, "volume": 2186637, "typical_volume": 3074945.6, "trend": 28.142179, "fair_value": 31.624788, "relative_strength": -2.455188, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.358484, "energy": 65.067245, "activity_lines": [ 29.862271, 29.004617, 27.889024, 27.822122 ] }, { "date": "2024-01-19", "close": 27.884132, "volume": 3489634, "typical_volume": 3117303.55, "trend": 28.016009, "fair_value": 31.60342, "relative_strength": -10.039235, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.240241, "energy": 29.636226, "activity_lines": [ 29.195917, 28.948074, 27.931866, 27.805474 ] }, { "date": "2024-01-26", "close": 29.13949, "volume": 2300411, "typical_volume": 3133782.3, "trend": 27.922492, "fair_value": 31.595166, "relative_strength": -6.355381, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.347839, "energy": 23.790862, "activity_lines": [ 29.097645, 29.081391, 28.09499, 27.877957 ] }, { "date": "2024-02-02", "close": 28.283566, "volume": 2165463, "typical_volume": 3025769.5, "trend": 27.905056, "fair_value": 31.560567, "relative_strength": -10.019047, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.583703, "energy": 15.099104, "activity_lines": [ 28.770491, 29.005136, 28.169396, 27.901252 ] }, { "date": "2024-02-09", "close": 29.957373, "volume": 1819940, "typical_volume": 2885130.55, "trend": 27.897131, "fair_value": 31.529189, "relative_strength": -6.107372, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.360663, "energy": 26.146035, "activity_lines": [ 29.102717, 29.210385, 28.399771, 28.033659 ] }, { "date": "2024-02-16", "close": 30.299744, "volume": 1815111, "typical_volume": 2670691.15, "trend": 27.921858, "fair_value": 31.515202, "relative_strength": -6.799823, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.482806, "energy": 42.799091, "activity_lines": [ 29.489468, 29.419957, 28.652066, 28.188667 ] }, { "date": "2024-02-23", "close": 30.699177, "volume": 1809732, "typical_volume": 2611851.8, "trend": 27.948486, "fair_value": 31.515336, "relative_strength": -8.355869, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.844767, "energy": 59.291966, "activity_lines": [ 30.01824, 29.638348, 28.925464, 28.367849 ] }, { "date": "2024-03-01", "close": 29.85276, "volume": 2129155, "typical_volume": 2570492.0, "trend": 27.981138, "fair_value": 31.527684, "relative_strength": -11.322819, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.721457, "energy": 55.103268, "activity_lines": [ 30.077203, 29.692469, 29.095516, 28.490705 ] }, { "date": "2024-03-08", "close": 32.021099, "volume": 4669301, "typical_volume": 2625010.55, "trend": 28.100968, "fair_value": 31.54249, "relative_strength": -6.133717, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.606416, "energy": 65.389808, "activity_lines": [ 30.811395, 30.143256, 29.455548, 28.751348 ] }, { "date": "2024-03-15", "close": 30.803787, "volume": 3226033, "typical_volume": 2667372.15, "trend": 28.201143, "fair_value": 31.555631, "relative_strength": -10.799432, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.857102, "energy": 59.17636, "activity_lines": [ 30.890647, 30.332424, 29.670525, 28.925723 ] }, { "date": "2024-03-22", "close": 30.290236, "volume": 2669334, "typical_volume": 2559647.7, "trend": 28.26391, "fair_value": 31.557792, "relative_strength": -12.947262, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.87673, "energy": 40.935756, "activity_lines": [ 30.742288, 30.396575, 29.806568, 29.060503 ] }, { "date": "2024-03-29", "close": 32.144737, "volume": 2622021, "typical_volume": 2583773.8, "trend": 28.400858, "fair_value": 31.570768, "relative_strength": -8.373755, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.669745, "energy": 47.669534, "activity_lines": [ 31.21273, 30.800503, 30.100435, 29.310879 ] }, { "date": "2024-04-05", "close": 30.337786, "volume": 1915668, "typical_volume": 2505853.85, "trend": 28.491206, "fair_value": 31.568169, "relative_strength": -11.241322, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.649953, "energy": 34.020131, "activity_lines": [ 30.984484, 30.798428, 30.19187, 29.435842 ] }, { "date": "2024-04-12", "close": 29.87178, "volume": 4869499, "typical_volume": 2668491.25, "trend": 28.568239, "fair_value": 31.548756, "relative_strength": -11.590494, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.356892, "energy": 23.257083, "activity_lines": [ 30.568568, 30.689838, 30.219087, 29.524912 ] }, { "date": "2024-04-19", "close": 29.80521, "volume": 2589336, "typical_volume": 2628101.25, "trend": 28.637981, "fair_value": 31.526296, "relative_strength": -11.762322, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.279176, "energy": 19.148207, "activity_lines": [ 30.273749, 30.540267, 30.226424, 29.604716 ] }, { "date": "2024-04-26", "close": 29.966883, "volume": 2177536, "typical_volume": 2605979.4, "trend": 28.745447, "fair_value": 31.509042, "relative_strength": -11.648634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.321927, "energy": 17.829081, "activity_lines": [ 30.099394, 30.422858, 30.234711, 29.690452 ] }, { "date": "2024-05-03", "close": 30.004925, "volume": 2658667, "typical_volume": 2455914.05, "trend": 28.881444, "fair_value": 31.487862, "relative_strength": -9.294814, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.477156, "energy": 16.790495, "activity_lines": [ 29.959276, 30.318418, 30.231496, 29.771708 ] }, { "date": "2024-05-10", "close": 32.781925, "volume": 3977121, "typical_volume": 2554739.15, "trend": 29.094791, "fair_value": 31.498367, "relative_strength": -3.280135, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.962767, "energy": 30.638928, "activity_lines": [ 30.887478, 30.73151, 30.493345, 30.023352 ] }, { "date": "2024-05-17", "close": 32.677311, "volume": 2540460, "typical_volume": 2655947.0, "trend": 29.320502, "fair_value": 31.490682, "relative_strength": -5.144427, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.388678, "energy": 46.80854, "activity_lines": [ 31.617867, 31.072323, 30.731917, 30.254483 ] }, { "date": "2024-05-24", "close": 32.485485, "volume": 2330094, "typical_volume": 2698057.65, "trend": 29.586736, "fair_value": 31.467558, "relative_strength": -2.771108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.065525, "energy": 57.651561, "activity_lines": [ 32.097278, 31.366328, 30.938544, 30.458675 ] }, { "date": "2024-05-31", "close": 32.466305, "volume": 2649566, "typical_volume": 2721204.1, "trend": 29.79083, "fair_value": 31.440534, "relative_strength": -2.37786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.766646, "energy": 64.129361, "activity_lines": [ 32.391612, 31.62627, 31.127047, 30.644454 ] }, { "date": "2024-06-07", "close": 32.610176, "volume": 2596715, "typical_volume": 2676558.15, "trend": 30.018741, "fair_value": 31.412334, "relative_strength": -1.865549, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.977283, "energy": 63.698059, "activity_lines": [ 32.567273, 31.872804, 31.31957, 30.826347 ] }, { "date": "2024-06-14", "close": 33.22401, "volume": 2555865, "typical_volume": 2689330.85, "trend": 30.253799, "fair_value": 31.384471, "relative_strength": 6.47378, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.807381, "energy": 60.277907, "activity_lines": [ 32.773863, 32.222483, 31.548049, 31.033139 ] }, { "date": "2024-06-21", "close": 31.737371, "volume": 3381357, "typical_volume": 2750125.55, "trend": 30.410771, "fair_value": 31.340484, "relative_strength": 0.168665, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.619588, "energy": 37.361327, "activity_lines": [ 32.455435, 32.249387, 31.615492, 31.128853 ] }, { "date": "2024-06-28", "close": 31.881243, "volume": 2473376, "typical_volume": 2782797.35, "trend": 30.581098, "fair_value": 31.29544, "relative_strength": 1.441715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.959503, "energy": 28.649673, "activity_lines": [ 32.247626, 32.268529, 31.680191, 31.223722 ] }, { "date": "2024-07-05", "close": 29.8479, "volume": 3829491, "typical_volume": 2883516.35, "trend": 30.683013, "fair_value": 31.258526, "relative_strength": -7.059038, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.376692, "energy": 11.404665, "activity_lines": [ 31.402319, 31.880226, 31.542077, 31.176419 ] }, { "date": "2024-07-12", "close": 29.895855, "volume": 3616048, "typical_volume": 2973832.15, "trend": 30.675256, "fair_value": 31.206931, "relative_strength": -8.15286, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 6.698144, "energy": 19.206318, "activity_lines": [ 30.747557, 31.502806, 31.410682, 31.125635 ] }, { "date": "2024-07-19", "close": 28.783274, "volume": 3286084, "typical_volume": 3031678.6, "trend": 30.635168, "fair_value": 31.143407, "relative_strength": -10.291993, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -33.639674, "energy": 37.783846, "activity_lines": [ 29.90289, 30.925082, 31.177152, 31.003571 ] }, { "date": "2024-07-26", "close": 28.274939, "volume": 2521363, "typical_volume": 2924281.7, "trend": 30.584159, "fair_value": 31.074767, "relative_strength": -10.49788, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.483687, "energy": 58.433455, "activity_lines": [ 29.184827, 30.327636, 30.900302, 30.851298 ] }, { "date": "2024-08-02", "close": 27.641918, "volume": 5747525, "typical_volume": 3050356.3, "trend": 30.536776, "fair_value": 31.000749, "relative_strength": -7.321995, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.646319, "energy": 68.125491, "activity_lines": [ 28.486585, 29.695138, 30.581003, 30.661476 ] }, { "date": "2024-08-09", "close": 26.64443, "volume": 3063491, "typical_volume": 3070064.15, "trend": 30.410494, "fair_value": 30.914822, "relative_strength": -9.688851, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.209568, "energy": 86.600759, "activity_lines": [ 27.738469, 28.969344, 30.181761, 30.410357 ] }, { "date": "2024-08-16", "close": 27.680283, "volume": 1771163, "typical_volume": 3027521.25, "trend": 30.403699, "fair_value": 30.829659, "relative_strength": -9.446018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.19033, "energy": 79.527305, "activity_lines": [ 27.549203, 28.537738, 29.898534, 30.234215 ] }, { "date": "2024-08-23", "close": 27.862514, "volume": 1427395, "typical_volume": 3003107.6, "trend": 30.361133, "fair_value": 30.746384, "relative_strength": -10.165146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.29608, "energy": 74.857425, "activity_lines": [ 27.568384, 28.228901, 29.653921, 30.070267 ] }, { "date": "2024-08-30", "close": 27.939245, "volume": 1852891, "typical_volume": 2852277.2, "trend": 30.349656, "fair_value": 30.660962, "relative_strength": -11.506492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.289655, "energy": 60.254526, "activity_lines": [ 27.674527, 28.031496, 29.428403, 29.914016 ] }, { "date": "2024-09-06", "close": 26.845844, "volume": 2632265, "typical_volume": 2854423.65, "trend": 30.245938, "fair_value": 30.574348, "relative_strength": -11.888511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.235608, "energy": 52.266034, "activity_lines": [ 27.438583, 27.704347, 29.107953, 29.687964 ] }, { "date": "2024-09-13", "close": 26.529335, "volume": 5465962, "typical_volume": 3018844.95, "trend": 30.120258, "fair_value": 30.489601, "relative_strength": -13.348136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.261358, "energy": 52.112674, "activity_lines": [ 27.150206, 27.411204, 28.771453, 29.448183 ] }, { "date": "2024-09-20", "close": 24.927601, "volume": 3318645, "typical_volume": 3051843.85, "trend": 29.927872, "fair_value": 30.379718, "relative_strength": -18.650653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.23921, "energy": 69.574247, "activity_lines": [ 26.335592, 26.887175, 28.298775, 29.113173 ] }, { "date": "2024-09-27", "close": 25.627758, "volume": 2885982, "typical_volume": 2997286.9, "trend": 29.787039, "fair_value": 30.299444, "relative_strength": -18.328273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.478964, "energy": 76.88153, "activity_lines": [ 25.937875, 26.580778, 27.916957, 28.835746 ] }, { "date": "2024-10-04", "close": 24.678228, "volume": 4369503, "typical_volume": 3088739.05, "trend": 29.542276, "fair_value": 30.210026, "relative_strength": -18.358543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.785738, "energy": 86.184817, "activity_lines": [ 25.372633, 26.159113, 27.478775, 28.506146 ] }, { "date": "2024-10-11", "close": 26.289555, "volume": 3679092, "typical_volume": 3156188.95, "trend": 29.391802, "fair_value": 30.129498, "relative_strength": -14.531009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.407565, "energy": 71.216097, "activity_lines": [ 25.5619, 26.095811, 27.232144, 28.296293 ] }, { "date": "2024-10-18", "close": 26.625248, "volume": 3923558, "typical_volume": 3219888.55, "trend": 29.269636, "fair_value": 30.038232, "relative_strength": -15.296377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.648642, "energy": 48.90245, "activity_lines": [ 25.900151, 26.118133, 27.046987, 28.117805 ] }, { "date": "2024-10-25", "close": 26.337509, "volume": 2108750, "typical_volume": 3195490.3, "trend": 29.076062, "fair_value": 29.943562, "relative_strength": -14.923186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.364145, "energy": 38.072787, "activity_lines": [ 26.136094, 26.088487, 26.862242, 27.928636 ] }, { "date": "2024-11-01", "close": 24.822096, "volume": 4424519, "typical_volume": 3288923.0, "trend": 28.892205, "fair_value": 29.828326, "relative_strength": -19.233169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.298903, "energy": 43.443145, "activity_lines": [ 25.772907, 25.807726, 26.563041, 27.654186 ] }, { "date": "2024-11-08", "close": 23.373823, "volume": 3812807, "typical_volume": 3310495.5, "trend": 28.675607, "fair_value": 29.703567, "relative_strength": -21.651612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.605007, "energy": 55.568774, "activity_lines": [ 24.980672, 25.318922, 26.165919, 27.298162 ] }, { "date": "2024-11-15", "close": 22.769573, "volume": 3792113, "typical_volume": 3376432.35, "trend": 28.441085, "fair_value": 29.582429, "relative_strength": -24.148158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.875372, "energy": 76.545581, "activity_lines": [ 24.073981, 24.803263, 25.751075, 26.917127 ] }, { "date": "2024-11-22", "close": 22.290012, "volume": 2837201, "typical_volume": 3326817.85, "trend": 28.18519, "fair_value": 29.472305, "relative_strength": -23.778383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.087659, "energy": 87.806246, "activity_lines": [ 23.242101, 24.274525, 25.333948, 26.520284 ] }, { "date": "2024-11-29", "close": 23.04772, "volume": 2866949, "typical_volume": 3289362.9, "trend": 27.953283, "fair_value": 29.368838, "relative_strength": -20.640715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.313705, "energy": 82.155811, "activity_lines": [ 22.951807, 23.96063, 25.024974, 26.188834 ] }, { "date": "2024-12-06", "close": 23.306683, "volume": 2787506, "typical_volume": 3264434.0, "trend": 27.637441, "fair_value": 29.26775, "relative_strength": -22.471044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.636876, "energy": 75.242531, "activity_lines": [ 22.967153, 23.727999, 24.773273, 25.889054 ] }, { "date": "2024-12-13", "close": 24.265804, "volume": 3773316, "typical_volume": 3327031.65, "trend": 27.357058, "fair_value": 29.159021, "relative_strength": -19.068893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.327847, "energy": 51.046065, "activity_lines": [ 23.403234, 23.711955, 24.638995, 25.671529 ] }, { "date": "2024-12-20", "close": 23.786243, "volume": 3781081, "typical_volume": 3228709.45, "trend": 27.067083, "fair_value": 29.039063, "relative_strength": -17.50662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.283911, "energy": 37.629225, "activity_lines": [ 23.619995, 23.616217, 24.478137, 25.441153 ] }, { "date": "2024-12-27", "close": 23.786243, "volume": 1533820, "typical_volume": 3152225.9, "trend": 26.777748, "fair_value": 28.907055, "relative_strength": -17.932486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.718201, "energy": 30.526269, "activity_lines": [ 23.768979, 23.565994, 24.335638, 25.229486 ] }, { "date": "2025-01-03", "close": 23.364231, "volume": 1092935, "typical_volume": 3118314.5, "trend": 26.46955, "fair_value": 28.795545, "relative_strength": -18.813467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.33434, "energy": 30.148704, "activity_lines": [ 23.677543, 23.49066, 24.166559, 25.009259 ] }, { "date": "2025-01-10", "close": 24.169893, "volume": 3288094, "typical_volume": 3211349.45, "trend": 26.167746, "fair_value": 28.707544, "relative_strength": -17.734932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.344772, "energy": 27.017396, "activity_lines": [ 23.833561, 23.615869, 24.094762, 24.860894 ] }, { "date": "2025-01-17", "close": 25.071468, "volume": 4758121, "typical_volume": 3356610.95, "trend": 25.945549, "fair_value": 28.636115, "relative_strength": -17.000544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.16499, "energy": 15.524437, "activity_lines": [ 24.232556, 23.916859, 24.126413, 24.790167 ] }, { "date": "2025-01-24", "close": 24.6015, "volume": 2762520, "typical_volume": 3363123.7, "trend": 25.702891, "fair_value": 28.57876, "relative_strength": -17.875429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.811776, "energy": 16.038176, "activity_lines": [ 24.421184, 24.101534, 24.126961, 24.703454 ] }, { "date": "2025-01-31", "close": 24.831688, "volume": 2464170, "typical_volume": 3213034.1, "trend": 25.535684, "fair_value": 28.520243, "relative_strength": -17.261647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.053763, "energy": 14.772217, "activity_lines": [ 24.632191, 24.294754, 24.160119, 24.647247 ] }, { "date": "2025-02-07", "close": 25.033104, "volume": 3356435, "typical_volume": 3214923.6, "trend": 25.373592, "fair_value": 28.468773, "relative_strength": -17.352704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.640024, "energy": 16.184316, "activity_lines": [ 24.84064, 24.478382, 24.220544, 24.614823 ] }, { "date": "2025-02-14", "close": 25.79081, "volume": 3112109, "typical_volume": 3226229.95, "trend": 25.273843, "fair_value": 28.42102, "relative_strength": -16.375748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.030922, "energy": 27.140802, "activity_lines": [ 25.1904, 24.763677, 24.352629, 24.64174 ] }, { "date": "2025-02-21", "close": 24.189075, "volume": 3151412, "typical_volume": 3165325.4, "trend": 25.137648, "fair_value": 28.351849, "relative_strength": -21.901689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.411836, "energy": 15.485768, "activity_lines": [ 24.898187, 24.712582, 24.331391, 24.571755 ] }, { "date": "2025-02-28", "close": 23.393003, "volume": 3283206, "typical_volume": 3145531.1, "trend": 24.996017, "fair_value": 28.284768, "relative_strength": -24.385717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.538716, "energy": 16.60692, "activity_lines": [ 24.399443, 24.518142, 24.236666, 24.459197 ] }, { "date": "2025-03-07", "close": 20.007301, "volume": 11661935, "typical_volume": 3532449.95, "trend": 24.77478, "fair_value": 28.198144, "relative_strength": -34.533156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.180776, "energy": 62.233962, "activity_lines": [ 22.852698, 23.715269, 23.833287, 24.137345 ] }, { "date": "2025-03-14", "close": 19.158478, "volume": 6222309, "typical_volume": 3738127.9, "trend": 24.49072, "fair_value": 28.094326, "relative_strength": -36.778673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.750116, "energy": 87.020468, "activity_lines": [ 21.344638, 22.826773, 23.380581, 23.775003 ] }, { "date": "2025-03-21", "close": 18.65494, "volume": 6749484, "typical_volume": 3854376.15, "trend": 24.1838, "fair_value": 27.990759, "relative_strength": -38.43086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.863094, "energy": 94.312245, "activity_lines": [ 20.060373, 21.923192, 22.914105, 23.398501 ] }, { "date": "2025-03-28", "close": 18.448727, "volume": 4958941, "typical_volume": 3911682.85, "trend": 23.86745, "fair_value": 27.857931, "relative_strength": -37.95473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.254886, "energy": 93.096167, "activity_lines": [ 19.183096, 21.082391, 22.457357, 23.028496 ] }, { "date": "2025-04-04", "close": 17.753363, "volume": 6316707, "typical_volume": 4037912.55, "trend": 23.564367, "fair_value": 27.723163, "relative_strength": -32.604473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.751532, "energy": 92.793045, "activity_lines": [ 18.45672, 20.235572, 21.957837, 22.634039 ] }, { "date": "2025-04-11", "close": 17.11075, "volume": 7036348, "typical_volume": 4247869.9, "trend": 23.250414, "fair_value": 27.589432, "relative_strength": -33.213402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.947442, "energy": 92.934593, "activity_lines": [ 17.892116, 19.396427, 21.421002, 22.217676 ] }, { "date": "2025-04-18", "close": 15.547379, "volume": 7312234, "typical_volume": 4470134.15, "trend": 22.93774, "fair_value": 27.459409, "relative_strength": -41.9457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.59378, "energy": 95.051392, "activity_lines": [ 16.999492, 18.413413, 20.759938, 21.720706 ] }, { "date": "2025-04-25", "close": 16.242743, "volume": 5056145, "typical_volume": 4583566.1, "trend": 22.624906, "fair_value": 27.334383, "relative_strength": -40.898806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.767829, "energy": 84.589431, "activity_lines": [ 16.579396, 17.729297, 20.200815, 21.288771 ] }, { "date": "2025-05-02", "close": 16.71751, "volume": 4839767, "typical_volume": 4636888.65, "trend": 22.359549, "fair_value": 27.228948, "relative_strength": -40.011645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.865733, "energy": 67.790462, "activity_lines": [ 16.478368, 17.305103, 19.720546, 20.907649 ] }, { "date": "2025-05-09", "close": 17.935596, "volume": 16040898, "typical_volume": 5249879.5, "trend": 22.081084, "fair_value": 27.138576, "relative_strength": -36.520863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.355461, "energy": 64.266225, "activity_lines": [ 16.898784, 17.238226, 19.392229, 20.622232 ] }, { "date": "2025-05-16", "close": 18.875536, "volume": 8759101, "typical_volume": 5611143.55, "trend": 21.82276, "fair_value": 27.068138, "relative_strength": -34.501987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.695737, "energy": 47.230027, "activity_lines": [ 17.620364, 17.441473, 19.181291, 20.415423 ] }, { "date": "2025-05-23", "close": 18.773321, "volume": 5706261, "typical_volume": 5841809.85, "trend": 21.57062, "fair_value": 26.992814, "relative_strength": -32.048134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.828651, "energy": 33.614567, "activity_lines": [ 18.19022, 17.646713, 18.984002, 20.218685 ] }, { "date": "2025-05-30", "close": 19.693247, "volume": 17413844, "typical_volume": 6548097.35, "trend": 21.399659, "fair_value": 26.931245, "relative_strength": -28.927796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.894859, "energy": 30.876864, "activity_lines": [ 18.851655, 18.026215, 18.896186, 20.097564 ] }, { "date": "2025-06-06", "close": 20.082634, "volume": 7210650, "typical_volume": 6670723.8, "trend": 21.289953, "fair_value": 26.883415, "relative_strength": -27.542258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.371047, "energy": 32.274548, "activity_lines": [ 19.412853, 18.457636, 18.866773, 20.012595 ] }, { "date": "2025-06-13", "close": 20.102104, "volume": 5491814, "typical_volume": 6807188.5, "trend": 21.201037, "fair_value": 26.8533, "relative_strength": -24.250461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.487415, "energy": 27.396215, "activity_lines": [ 19.756198, 18.86289, 18.86297, 19.935959 ] }, { "date": "2025-06-20", "close": 20.082634, "volume": 6471947, "typical_volume": 7007577.35, "trend": 21.127458, "fair_value": 26.801904, "relative_strength": -22.951701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.236023, "energy": 22.854011, "activity_lines": [ 19.94862, 19.221899, 18.878738, 19.863804 ] }, { "date": "2025-06-27", "close": 19.148106, "volume": 8494755, "typical_volume": 7264493.35, "trend": 20.99747, "fair_value": 26.740951, "relative_strength": -26.460365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.795992, "energy": 17.724573, "activity_lines": [ 19.74906, 19.35696, 18.828118, 19.736104 ] }, { "date": "2025-07-04", "close": 19.907412, "volume": 5985698, "typical_volume": 7408172.8, "trend": 20.884161, "fair_value": 26.680271, "relative_strength": -22.457401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.342029, "energy": 12.809838, "activity_lines": [ 19.777615, 19.564609, 18.877837, 19.665778 ] }, { "date": "2025-07-11", "close": 18.933945, "volume": 6030376, "typical_volume": 7552121.0, "trend": 20.706433, "fair_value": 26.621149, "relative_strength": -26.229867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.814297, "energy": 10.802255, "activity_lines": [ 19.467404, 19.528634, 18.862861, 19.539957 ] }, { "date": "2025-07-18", "close": 19.644575, "volume": 4346093, "typical_volume": 7605265.35, "trend": 20.568377, "fair_value": 26.558724, "relative_strength": -23.088021, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.358447, "energy": 13.154896, "activity_lines": [ 19.470649, 19.581565, 18.940589, 19.47145 ] }, { "date": "2025-07-25", "close": 19.65431, "volume": 3630894, "typical_volume": 7203713.3, "trend": 20.430646, "fair_value": 26.490014, "relative_strength": -23.005718, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.189928, "energy": 10.53166, "activity_lines": [ 19.507641, 19.605194, 19.037093, 19.412478 ] }, { "date": "2025-08-01", "close": 14.441391, "volume": 29461104, "typical_volume": 8365653.05, "trend": 20.133218, "fair_value": 26.39895, "relative_strength": -41.416092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.166259, "energy": 49.379173, "activity_lines": [ 17.835548, 18.66686, 18.63881, 19.026075 ] }, { "date": "2025-08-08", "close": 14.777237, "volume": 12391969, "typical_volume": 8647777.3, "trend": 19.82013, "fair_value": 26.307923, "relative_strength": -41.594995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.780097, "energy": 80.378585, "activity_lines": [ 16.589185, 17.868351, 18.294974, 18.680528 ] }, { "date": "2025-08-15", "close": 14.538738, "volume": 5558251, "typical_volume": 8677742.8, "trend": 19.469039, "fair_value": 26.227578, "relative_strength": -43.029611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.992239, "energy": 87.966626, "activity_lines": [ 15.605334, 17.11586, 17.94689, 18.339793 ] }, { "date": "2025-08-22", "close": 15.132553, "volume": 9322581, "typical_volume": 8828036.5, "trend": 19.153407, "fair_value": 26.167058, "relative_strength": -40.688458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.342089, "energy": 84.45629, "activity_lines": [ 15.112435, 16.572135, 17.673978, 18.060019 ] }, { "date": "2025-08-29", "close": 15.152021, "volume": 10765914, "typical_volume": 9014514.8, "trend": 18.830751, "fair_value": 26.104848, "relative_strength": -38.12782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.454713, "energy": 84.292716, "activity_lines": [ 14.926826, 16.122304, 17.4154, 17.801866 ] }, { "date": "2025-09-05", "close": 14.874583, "volume": 5342070, "typical_volume": 8916006.6, "trend": 18.492134, "fair_value": 26.04352, "relative_strength": -37.472275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.88171, "energy": 80.151282, "activity_lines": [ 14.948891, 15.711677, 17.139727, 17.546629 ] }, { "date": "2025-09-12", "close": 14.786971, "volume": 5199168, "typical_volume": 8923157.75, "trend": 18.125339, "fair_value": 25.989187, "relative_strength": -38.32063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.626444, "energy": 59.452127, "activity_lines": [ 14.912873, 15.362822, 16.858914, 17.307586 ] }, { "date": "2025-09-19", "close": 14.572809, "volume": 10042696, "typical_volume": 9183304.2, "trend": 17.804797, "fair_value": 25.931606, "relative_strength": -38.015336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.940566, "energy": 57.900301, "activity_lines": [ 14.804818, 15.068127, 16.564637, 17.078391 ] }, { "date": "2025-09-26", "close": 13.550668, "volume": 11632921, "typical_volume": 8962905.35, "trend": 17.476719, "fair_value": 25.855868, "relative_strength": -41.970375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.790738, "energy": 64.672681, "activity_lines": [ 14.353778, 14.666881, 16.183225, 16.803931 ] }, { "date": "2025-10-03", "close": 14.431656, "volume": 11708157, "typical_volume": 9110358.15, "trend": 17.290865, "fair_value": 25.788437, "relative_strength": -38.201679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.892277, "energy": 58.046164, "activity_lines": [ 14.30186, 14.536613, 15.906598, 16.607475 ] }, { "date": "2025-10-10", "close": 14.382982, "volume": 8597725, "typical_volume": 9254931.35, "trend": 17.131681, "fair_value": 25.731393, "relative_strength": -35.665552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.361536, "energy": 56.455491, "activity_lines": [ 14.281742, 14.492453, 15.646497, 16.41987 ] }, { "date": "2025-10-17", "close": 14.188289, "volume": 9019536, "typical_volume": 8835215.95, "trend": 16.982793, "fair_value": 25.664033, "relative_strength": -35.118168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.597299, "energy": 54.995619, "activity_lines": [ 14.229499, 14.413956, 15.38876, 16.229973 ] }, { "date": "2025-10-24", "close": 15.2299, "volume": 9881931, "typical_volume": 8968780.0, "trend": 16.875499, "fair_value": 25.612478, "relative_strength": -30.532389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.285273, "energy": 37.575063, "activity_lines": [ 14.564372, 14.535551, 15.256438, 16.116883 ] }, { "date": "2025-10-31", "close": 14.40732, "volume": 10219710, "typical_volume": 9205174.8, "trend": 16.763964, "fair_value": 25.552568, "relative_strength": -34.397307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.87586, "energy": 42.833284, "activity_lines": [ 14.581246, 14.49502, 15.068883, 15.957646 ] }, { "date": "2025-11-07", "close": 13.570137, "volume": 6615827, "typical_volume": 9212368.8, "trend": 16.645944, "fair_value": 25.463958, "relative_strength": -36.945397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.126238, "energy": 55.102528, "activity_lines": [ 14.261948, 14.315459, 14.828715, 15.751593 ] }, { "date": "2025-11-14", "close": 13.287831, "volume": 6858496, "typical_volume": 9130555.85, "trend": 16.570625, "fair_value": 25.382123, "relative_strength": -38.916149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.565386, "energy": 61.231981, "activity_lines": [ 13.905983, 14.113332, 14.592672, 15.53494 ] }, { "date": "2025-11-21", "close": 12.854639, "volume": 5889748, "typical_volume": 9125758.35, "trend": 16.457688, "fair_value": 25.295999, "relative_strength": -38.185648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.728682, "energy": 84.5249, "activity_lines": [ 13.478631, 13.861293, 14.343279, 15.295199 ] }, { "date": "2025-11-28", "close": 12.88871, "volume": 4792338, "typical_volume": 9063856.45, "trend": 16.330062, "fair_value": 25.206104, "relative_strength": -38.05618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.495677, "energy": 82.272893, "activity_lines": [ 13.151546, 13.650581, 14.130715, 15.064943 ] }, { "date": "2025-12-05", "close": 13.516597, "volume": 7227817, "typical_volume": 9207942.65, "trend": 16.182762, "fair_value": 25.123679, "relative_strength": -34.204367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.23583, "energy": 65.802133, "activity_lines": [ 13.189836, 13.584651, 14.006737, 14.883429 ] }, { "date": "2025-12-12", "close": 13.604209, "volume": 9283022, "typical_volume": 9490549.05, "trend": 16.007051, "fair_value": 25.048043, "relative_strength": -32.855936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.680069, "energy": 52.617902, "activity_lines": [ 13.316711, 13.53527, 13.920284, 14.71707 ] }, { "date": "2025-12-19", "close": 13.282965, "volume": 7270505, "typical_volume": 8381019.1, "trend": 15.824039, "fair_value": 24.970588, "relative_strength": -35.172056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.494853, "energy": 46.26627, "activity_lines": [ 13.334234, 13.442525, 13.832046, 14.541323 ] }, { "date": "2025-12-26", "close": 13.268363, "volume": 1563384, "typical_volume": 7839589.85, "trend": 15.609876, "fair_value": 24.887479, "relative_strength": -33.916897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.307504, "energy": 41.163652, "activity_lines": [ 13.347214, 13.367125, 13.747934, 14.376441 ] }, { "date": "2026-01-02", "close": 13.526332, "volume": 2794268, "typical_volume": 7701390.7, "trend": 15.391333, "fair_value": 24.810376, "relative_strength": -32.658876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.558603, "energy": 34.567535, "activity_lines": [ 13.418601, 13.355355, 13.695576, 14.242018 ] }, { "date": "2026-01-09", "close": 13.209954, "volume": 14447623, "typical_volume": 7957642.8, "trend": 15.161595, "fair_value": 24.732151, "relative_strength": -33.57644, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -48.4855, "energy": 35.244351, "activity_lines": [ 13.342022, 13.317036, 13.617907, 14.101284 ] }, { "date": "2026-01-16", "close": 13.282965, "volume": 8558734, "typical_volume": 7847283.8, "trend": 14.934939, "fair_value": 24.66189, "relative_strength": -32.123341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.196172, "energy": 35.589593, "activity_lines": [ 13.310222, 13.313762, 13.556347, 13.980082 ] }, { "date": "2026-01-23", "close": 13.540934, "volume": 12069075, "typical_volume": 8183634.05, "trend": 14.748033, "fair_value": 24.593101, "relative_strength": -28.089131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.106479, "energy": 26.59696, "activity_lines": [ 13.385828, 13.362612, 13.528255, 13.890147 ] }, { "date": "2026-01-30", "close": 13.229424, "volume": 6856530, "typical_volume": 8266502.15, "trend": 14.525434, "fair_value": 24.509622, "relative_strength": -29.557267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.07481, "energy": 32.134746, "activity_lines": [ 13.340399, 13.350223, 13.476847, 13.792172 ] }, { "date": "2026-02-06", "close": 13.49226, "volume": 15281951, "typical_volume": 8528464.9, "trend": 14.344044, "fair_value": 24.435322, "relative_strength": -27.415071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.030556, "energy": 21.836481, "activity_lines": [ 13.385179, 13.378807, 13.457888, 13.725515 ] }, { "date": "2026-02-13", "close": 13.404649, "volume": 8002449, "typical_volume": 8346941.3, "trend": 14.136047, "fair_value": 24.355626, "relative_strength": -25.826431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.299441, "energy": 19.116686, "activity_lines": [ 13.403026, 13.380489, 13.43573, 13.664909 ] }, { "date": "2026-02-20", "close": 12.883842, "volume": 7533194, "typical_volume": 8138193.15, "trend": 13.910364, "fair_value": 24.274464, "relative_strength": -29.099035, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.527809, "energy": 32.096189, "activity_lines": [ 13.234291, 13.289513, 13.364666, 13.584122 ] }, { "date": "2026-02-27", "close": 12.825435, "volume": 8997626, "typical_volume": 8158188.2, "trend": 13.856499, "fair_value": 24.174613, "relative_strength": -29.363671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.912847, "energy": 33.943954, "activity_lines": [ 13.072696, 13.201016, 13.295411, 13.514127 ] }, { "date": "2026-03-06", "close": 10.240879, "volume": 21724300, "typical_volume": 8793426.4, "trend": 13.705287, "fair_value": 24.064058, "relative_strength": -38.815312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.371793, "energy": 80.53751, "activity_lines": [ 12.097281, 12.650919, 12.987425, 13.280861 ] }, { "date": "2026-03-13", "close": 10.240879, "volume": 9219829, "typical_volume": 8760321.3, "trend": 13.562025, "fair_value": 23.949392, "relative_strength": -38.213945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.85193, "energy": 90.715358, "activity_lines": [ 11.321103, 12.155866, 12.698235, 13.05735 ] }, { "date": "2026-03-20", "close": 8.147923, "volume": 56462063, "typical_volume": 11072438.95, "trend": 13.329204, "fair_value": 23.817804, "relative_strength": -48.384102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.999932, "energy": 97.457056, "activity_lines": [ 10.064032, 11.340012, 12.233474, 12.708054 ] }, { "date": "2026-03-27", "close": 8.872184, "volume": 18035569, "typical_volume": 11643426.05, "trend": 13.119876, "fair_value": 23.68161, "relative_strength": -43.69464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.517919, "energy": 92.733354, "activity_lines": [ 9.398829, 10.747878, 11.867497, 12.420504 ] }, { "date": "2026-04-03", "close": 8.897493, "volume": 9819470, "typical_volume": 11791474.75, "trend": 12.92064, "fair_value": 23.541348, "relative_strength": -45.39626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.915622, "energy": 89.459109, "activity_lines": [ 9.009507, 10.240542, 11.526301, 12.148092 ] }, { "date": "2026-04-10", "close": 8.952007, "volume": 9461980, "typical_volume": 11970086.35, "trend": 12.726141, "fair_value": 23.401072, "relative_strength": -46.443282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.128208, "energy": 86.859555, "activity_lines": [ 8.900219, 9.827544, 11.211203, 11.892051 ] }, { "date": "2026-04-17", "close": 9.851491, "volume": 16076120, "typical_volume": 12534275.45, "trend": 12.568764, "fair_value": 23.262209, "relative_strength": -41.847317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.230204, "energy": 63.632027, "activity_lines": [ 9.176684, 9.65586, 11.000355, 11.70659 ] }, { "date": "2026-04-24", "close": 9.269358, "volume": 10905116, "typical_volume": 12718140.4, "trend": 12.426054, "fair_value": 23.120462, "relative_strength": -43.132511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.183114, "energy": 58.893734, "activity_lines": [ 9.285063, 9.444529, 10.748528, 11.493725 ] }, { "date": "2026-05-01", "close": 9.150595, "volume": 6682861, "typical_volume": 12588132.35, "trend": 12.250018, "fair_value": 22.962176, "relative_strength": -43.76829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.993925, "energy": 54.415446, "activity_lines": [ 9.279092, 9.286792, 10.505615, 11.282405 ] }, { "date": "2026-05-08", "close": 10.65947, "volume": 17755970, "typical_volume": 13112405.6, "trend": 12.125901, "fair_value": 22.812838, "relative_strength": -34.996557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.049877, "energy": 35.067827, "activity_lines": [ 9.75752, 9.471273, 10.427613, 11.179789 ] }, { "date": "2026-05-15", "close": 10.64, "volume": 6258417, "typical_volume": 13347157.25, "trend": 12.007625, "fair_value": 22.674194, "relative_strength": -33.939788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.596324, "energy": 26.501407, "activity_lines": [ 10.111991, 9.691595, 10.360249, 11.083925 ] }, { "date": "2026-05-22", "close": 10.35, "volume": 10889984, "typical_volume": 13751943.05, "trend": 11.844962, "fair_value": 22.539362, "relative_strength": -35.240767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.373533, "energy": 23.919667, "activity_lines": [ 10.257264, 9.851933, 10.277782, 10.976981 ] }, { "date": "2026-05-29", "close": 10.78, "volume": 18953592, "typical_volume": 13977241.5, "trend": 11.724051, "fair_value": 22.404542, "relative_strength": -32.144333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.667066, "energy": 25.375282, "activity_lines": [ 10.512636, 10.088469, 10.251393, 10.908274 ] }, { "date": "2026-06-05", "close": 10.715, "volume": 1833044, "typical_volume": 13640957.0, "trend": 11.62888, "fair_value": 22.260039, "relative_strength": -31.19245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.729344, "energy": 19.944349, "activity_lines": [ 10.645631, 10.265331, 10.230384, 10.843174 ] }, { "date": "2026-06-12", "close": 10.65, "volume": 1755150, "typical_volume": 13125260.75, "trend": 11.540952, "fair_value": 22.114388, "relative_strength": -32.479941, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.492449, "energy": 16.551778, "activity_lines": [ 10.652667, 10.396869, 10.215413, 10.78002 ] }, { "date": "2026-06-19", "close": 10.22, "volume": 1734400, "typical_volume": 12869154.25, "trend": 11.453131, "fair_value": 21.976893, "relative_strength": -35.575255, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.262402, "energy": 15.203704, "activity_lines": [ 10.517, 10.418361, 10.173257, 10.694797 ] }, { "date": "2026-06-26", "close": 9.606, "volume": 2404645, "typical_volume": 12225288.95, "trend": 11.343707, "fair_value": 21.833694, "relative_strength": -36.374574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.029858, "energy": 27.883044, "activity_lines": [ 10.204667, 10.305163, 10.086955, 10.575628 ] }, { "date": "2026-07-03", "close": 10.555, "volume": 3008004, "typical_volume": 11975566.7, "trend": 11.244987, "fair_value": 21.716697, "relative_strength": -30.777947, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.383738, "energy": 21.609344, "activity_lines": [ 10.258267, 10.368973, 10.109539, 10.524743 ] }, { "date": "2026-07-10", "close": 10.53, "volume": 7000480, "typical_volume": 11948931.0, "trend": 11.142513, "fair_value": 21.590638, "relative_strength": -29.392097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.068778, "energy": 19.129282, "activity_lines": [ 10.318533, 10.404863, 10.143313, 10.478615 ] }, { "date": "2026-07-17", "close": 10.74, "volume": 4753541, "typical_volume": 11736726.75, "trend": 11.057748, "fair_value": 21.47001, "relative_strength": -25.552077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.728216, "energy": 6.884419, "activity_lines": [ 10.461133, 10.453855, 10.208295, 10.452647 ] }, { "date": "2026-07-24", "close": 11.03, "volume": 9039037, "typical_volume": 11102463.6, "trend": 10.983136, "fair_value": 21.349047, "relative_strength": -21.968413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.437207, "energy": 14.280695, "activity_lines": [ 10.6944, 10.554109, 10.310827, 10.450856 ] }, { "date": "2026-07-31", "close": 12.1, "volume": 14450904, "typical_volume": 11364017.35, "trend": 10.935591, "fair_value": 21.241526, "relative_strength": -14.223795, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.216395, "energy": 49.344181, "activity_lines": [ 11.230333, 10.841818, 10.511506, 10.522912 ] }, { "date": "2026-08-07", "close": 11.955, "volume": 13512102, "typical_volume": 9216519.3, "trend": 10.89376, "fair_value": 21.135941, "relative_strength": -16.904759, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.711214, "energy": 68.337312, "activity_lines": [ 11.551667, 11.071345, 10.689523, 10.588681 ] } ], "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." } } }