{ "ticker": { "uuid": "403a1491-9f4b-4e61-aa74-4d1bbb768fa5", "symbol": "NOA", "name": "North American Construction Group Ltd", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 70.167, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -16.053, "architecture_energy": 11.39, "architecture_maturity": 41.318, "architecture_confidence": 59.732, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 54.33, "rotation_up": 29.69, "upward_expansion": 18.86, "deceleration": 42.24, "rotation_down": 24.75, "downward_expansion": 55.19 }, "activity_lines": [ 13.95, 13.720545, 13.85425, 14.016495 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 14.58, "trend_reference": 14.348162, "distance_from_trend": 0.016158, "trend_direction": "Weakening", "fair_value": 17.307464, "distance_from_fair_value": -0.157589, "fair_value_direction": "Improving", "relative_strength": -7.799328, "relative_strength_direction": "Improving", "price_momentum": -0.078777, "excess_performance": -0.204402, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.016158, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.004231, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.157589, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.021147, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.077993, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.041464, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.078777, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.607632, "read": "Supply-led" } ], "volume": { "latest": 295296, "relative_activity": 0.565174, "balance": 0.607632, "dry_up": 0.498684, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.072718, "annualized_volatility": 0.44648, "from_high_reference": -0.144421, "from_low_reference": 0.233585 }, "levels": { "trend_reference": 14.348162, "fair_value_reference": 17.307464, "structural_low": 11.916986, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.030786, "positive_rate": 0.65, "directional_follow_through": 0.35, "median_excess_return": 0.008724, "regime_survival": 0.8, "best_return": 0.18505, "worst_return": -0.169656, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.08404, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.03729, "regime_survival": 0.428571, "best_return": 0.163289, "worst_return": -0.084625, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.056117, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.0292, "regime_survival": 0.4, "best_return": 0.507443, "worst_return": -0.151729, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.061233, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.166196, "regime_survival": 0.333333, "best_return": 0.592036, "worst_return": -0.066526, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-11-01", "tenure": "Established", "return": 0.035379, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": -0.016441, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": 0.02712, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-31", "tenure": "Developing", "return": -0.061667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.023268, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.043867, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-30", "tenure": "Developing", "return": 0.063275, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-25", "tenure": "Developing", "return": -0.137815, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2025-10-24", "tenure": "Established", "return": 0.026591, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2026-01-30", "tenure": "Established", "return": -0.034652, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": -0.163762, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.067797, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": -0.076248, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.072848, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.404495, "volume": 277957, "typical_volume": 348072.45, "trend": 17.637433, "fair_value": 12.641583, "relative_strength": 39.206574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.722027, "energy": 87.742256, "activity_lines": [ 22.69655, 21.214876, 19.839398, 18.908129 ] }, { "date": "2023-08-25", "close": 23.074836, "volume": 331763, "typical_volume": 353001.65, "trend": 17.944374, "fair_value": 12.747507, "relative_strength": 40.379787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.369663, "energy": 86.750905, "activity_lines": [ 23.014411, 21.736042, 20.23562, 19.258929 ] }, { "date": "2023-09-01", "close": 23.197344, "volume": 184982, "typical_volume": 346860.55, "trend": 18.25103, "fair_value": 12.855611, "relative_strength": 36.045008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.218246, "energy": 68.127028, "activity_lines": [ 23.043917, 22.195369, 20.611139, 19.59783 ] }, { "date": "2023-09-08", "close": 22.49583, "volume": 162900, "typical_volume": 337214.3, "trend": 18.524002, "fair_value": 12.960964, "relative_strength": 32.08912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.736414, "energy": 58.153976, "activity_lines": [ 22.841489, 22.44647, 20.890655, 19.871688 ] }, { "date": "2023-09-15", "close": 21.661598, "volume": 185959, "typical_volume": 322351.6, "trend": 18.736085, "fair_value": 13.058933, "relative_strength": 25.952003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.601354, "energy": 45.306525, "activity_lines": [ 22.429167, 22.465267, 21.067152, 20.074114 ] }, { "date": "2023-09-22", "close": 21.329801, "volume": 193836, "typical_volume": 314066.3, "trend": 18.923062, "fair_value": 13.157916, "relative_strength": 26.210522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.614021, "energy": 34.201215, "activity_lines": [ 22.016827, 22.354504, 21.195094, 20.24145 ] }, { "date": "2023-09-29", "close": 20.590368, "volume": 348969, "typical_volume": 314408.5, "trend": 19.059319, "fair_value": 13.253323, "relative_strength": 21.318577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.7531, "energy": 24.209617, "activity_lines": [ 21.429656, 22.055195, 21.23742, 20.349018 ] }, { "date": "2023-10-06", "close": 20.486089, "volume": 355690, "typical_volume": 321383.35, "trend": 19.217488, "fair_value": 13.346199, "relative_strength": 18.908675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.805908, "energy": 24.737533, "activity_lines": [ 20.973356, 21.692319, 21.25796, 20.441068 ] }, { "date": "2023-10-13", "close": 20.827366, "volume": 244467, "typical_volume": 323524.25, "trend": 19.412736, "fair_value": 13.441555, "relative_strength": 19.171007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.123863, "energy": 22.136797, "activity_lines": [ 20.811566, 21.441308, 21.298438, 20.544931 ] }, { "date": "2023-10-20", "close": 19.756136, "volume": 168162, "typical_volume": 321945.5, "trend": 19.580425, "fair_value": 13.519923, "relative_strength": 14.764959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.386249, "energy": 15.444112, "activity_lines": [ 20.40393, 21.044459, 21.220261, 20.567086 ] }, { "date": "2023-10-27", "close": 19.708736, "volume": 212400, "typical_volume": 323481.45, "trend": 19.713936, "fair_value": 13.601186, "relative_strength": 16.457082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.96077, "energy": 24.154035, "activity_lines": [ 20.107525, 20.703796, 21.127657, 20.575364 ] }, { "date": "2023-11-03", "close": 20.277531, "volume": 444236, "typical_volume": 332781.05, "trend": 19.847287, "fair_value": 13.6847, "relative_strength": 12.45642, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.652326, "energy": 20.485544, "activity_lines": [ 20.108789, 20.515563, 21.081649, 20.611725 ] }, { "date": "2023-11-10", "close": 18.542707, "volume": 215552, "typical_volume": 332337.5, "trend": 19.896482, "fair_value": 13.751451, "relative_strength": 0.997295, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.409272, "energy": 53.594503, "activity_lines": [ 19.552634, 20.062768, 20.86171, 20.527559 ] }, { "date": "2023-11-17", "close": 19.092542, "volume": 216856, "typical_volume": 327162.2, "trend": 19.948019, "fair_value": 13.816551, "relative_strength": 1.117682, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.024844, "energy": 52.517013, "activity_lines": [ 19.309316, 19.794573, 20.695172, 20.475692 ] }, { "date": "2023-11-24", "close": 18.428948, "volume": 154598, "typical_volume": 326699.15, "trend": 19.958943, "fair_value": 13.87425, "relative_strength": -3.757637, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.33237, "energy": 52.039747, "activity_lines": [ 18.960455, 19.467602, 20.460524, 20.377687 ] }, { "date": "2023-12-01", "close": 19.551678, "volume": 326426, "typical_volume": 332369.3, "trend": 20.006038, "fair_value": 13.93343, "relative_strength": 0.752388, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.952245, "energy": 43.320754, "activity_lines": [ 19.074317, 19.403539, 20.330064, 20.351412 ] }, { "date": "2023-12-08", "close": 19.17111, "volume": 172460, "typical_volume": 308417.3, "trend": 20.041701, "fair_value": 13.997287, "relative_strength": -1.91158, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.529738, "energy": 30.436841, "activity_lines": [ 19.071793, 19.302612, 20.157656, 20.297545 ] }, { "date": "2023-12-15", "close": 19.485079, "volume": 230024, "typical_volume": 268968.25, "trend": 20.096293, "fair_value": 14.065023, "relative_strength": -3.036757, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.941897, "energy": 24.848505, "activity_lines": [ 19.247687, 19.284574, 20.010226, 20.261634 ] }, { "date": "2023-12-22", "close": 20.141558, "volume": 353528, "typical_volume": 257400.1, "trend": 20.189863, "fair_value": 14.139476, "relative_strength": -1.151271, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.5835, "energy": 10.079607, "activity_lines": [ 19.579583, 19.404097, 19.943131, 20.264555 ] }, { "date": "2023-12-29", "close": 19.837104, "volume": 142435, "typical_volume": 246160.0, "trend": 20.261955, "fair_value": 14.209002, "relative_strength": -3.352692, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.907079, "energy": 18.333887, "activity_lines": [ 19.740059, 19.480734, 19.863122, 20.241796 ] }, { "date": "2024-01-05", "close": 19.818076, "volume": 180219, "typical_volume": 241273.1, "trend": 20.318621, "fair_value": 14.276364, "relative_strength": -2.331756, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.133518, "energy": 18.682223, "activity_lines": [ 19.800316, 19.552439, 19.797887, 20.213159 ] }, { "date": "2024-01-12", "close": 20.626783, "volume": 255559, "typical_volume": 237462.9, "trend": 20.391229, "fair_value": 14.348735, "relative_strength": -0.631612, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -16.252595, "energy": 15.630997, "activity_lines": [ 20.112382, 19.769193, 19.821988, 20.23304 ] }, { "date": "2024-01-19", "close": 22.120512, "volume": 240166, "typical_volume": 240222.1, "trend": 20.503243, "fair_value": 14.43144, "relative_strength": 4.786995, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.22859, "energy": 29.125607, "activity_lines": [ 20.825312, 20.251185, 20.000006, 20.344607 ] }, { "date": "2024-01-26", "close": 22.748449, "volume": 374419, "typical_volume": 250798.05, "trend": 20.659477, "fair_value": 14.523479, "relative_strength": 6.102506, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.024499, "energy": 53.835908, "activity_lines": [ 21.57186, 20.782296, 20.242956, 20.489459 ] }, { "date": "2024-02-02", "close": 21.330833, "volume": 354644, "typical_volume": 259232.3, "trend": 20.77538, "fair_value": 14.605555, "relative_strength": -2.277181, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.53637, "energy": 49.657806, "activity_lines": [ 21.672076, 20.989187, 20.349691, 20.532772 ] }, { "date": "2024-02-09", "close": 22.453509, "volume": 336019, "typical_volume": 266341.45, "trend": 20.912026, "fair_value": 14.692145, "relative_strength": 1.055282, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.990013, "energy": 59.377723, "activity_lines": [ 22.046935, 21.34744, 20.564924, 20.641038 ] }, { "date": "2024-02-16", "close": 23.176588, "volume": 352714, "typical_volume": 266528.7, "trend": 21.080013, "fair_value": 14.767327, "relative_strength": 4.288948, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.530102, "energy": 64.730381, "activity_lines": [ 22.487126, 21.784401, 20.84367, 20.787139 ] }, { "date": "2024-02-23", "close": 23.490556, "volume": 171880, "typical_volume": 257338.2, "trend": 21.088835, "fair_value": 14.848198, "relative_strength": 3.697493, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.640297, "energy": 61.74643, "activity_lines": [ 22.861985, 22.205621, 21.140002, 20.942658 ] }, { "date": "2024-03-01", "close": 24.118494, "volume": 235676, "typical_volume": 256898.65, "trend": 21.108832, "fair_value": 14.932206, "relative_strength": 5.178696, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.144236, "energy": 82.116192, "activity_lines": [ 23.354821, 22.668184, 21.481831, 21.13812 ] }, { "date": "2024-03-08", "close": 24.017755, "volume": 249669, "typical_volume": 260974.0, "trend": 21.13208, "fair_value": 15.01668, "relative_strength": 4.721978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.538335, "energy": 80.881827, "activity_lines": [ 23.72274, 23.040123, 21.798394, 21.325792 ] }, { "date": "2024-03-15", "close": 22.052059, "volume": 630619, "typical_volume": 281884.95, "trend": 21.120332, "fair_value": 15.092121, "relative_strength": -3.970356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.647945, "energy": 52.099978, "activity_lines": [ 23.2563, 22.978651, 21.907454, 21.385146 ] }, { "date": "2024-03-22", "close": 21.479526, "volume": 372507, "typical_volume": 278298.5, "trend": 21.067156, "fair_value": 15.166641, "relative_strength": -8.640766, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.501285, "energy": 32.979323, "activity_lines": [ 22.625778, 22.772464, 21.950828, 21.408319 ] }, { "date": "2024-03-29", "close": 21.260055, "volume": 207840, "typical_volume": 277912.9, "trend": 21.002579, "fair_value": 15.236947, "relative_strength": -9.962121, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.886157, "energy": 21.608725, "activity_lines": [ 22.035237, 22.510869, 21.967577, 21.420765 ] }, { "date": "2024-04-05", "close": 21.698997, "volume": 313527, "typical_volume": 282746.45, "trend": 20.976018, "fair_value": 15.309189, "relative_strength": -7.339784, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.642123, "energy": 25.579285, "activity_lines": [ 21.73971, 22.344726, 22.01319, 21.465695 ] }, { "date": "2024-04-12", "close": 20.086363, "volume": 318858, "typical_volume": 290959.45, "trend": 20.92351, "fair_value": 15.372381, "relative_strength": -12.854682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.094744, "energy": 20.186795, "activity_lines": [ 21.067939, 21.904458, 21.892807, 21.408298 ] }, { "date": "2024-04-19", "close": 19.59971, "volume": 405641, "typical_volume": 294920.2, "trend": 20.865841, "fair_value": 15.433154, "relative_strength": -12.136579, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.48616, "energy": 35.449982, "activity_lines": [ 20.496042, 21.398334, 21.718184, 21.322891 ] }, { "date": "2024-04-26", "close": 21.059668, "volume": 282133, "typical_volume": 300403.85, "trend": 20.881484, "fair_value": 15.489366, "relative_strength": -7.918163, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.577623, "energy": 26.733285, "activity_lines": [ 20.574288, 21.209545, 21.682375, 21.335396 ] }, { "date": "2024-05-03", "close": 19.532914, "volume": 380099, "typical_volume": 307907.6, "trend": 20.849711, "fair_value": 15.532399, "relative_strength": -14.867199, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.613288, "energy": 47.520661, "activity_lines": [ 20.171606, 20.781653, 21.492169, 21.248392 ] }, { "date": "2024-05-10", "close": 19.628336, "volume": 223713, "typical_volume": 301416.85, "trend": 20.809744, "fair_value": 15.578207, "relative_strength": -15.769637, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.556, "energy": 49.65352, "activity_lines": [ 19.915875, 20.443068, 21.310822, 21.169593 ] }, { "date": "2024-05-17", "close": 19.017634, "volume": 212558, "typical_volume": 304923.0, "trend": 20.785127, "fair_value": 15.622148, "relative_strength": -19.463554, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.48626, "energy": 47.075567, "activity_lines": [ 19.59462, 20.075085, 21.073757, 21.053973 ] }, { "date": "2024-05-24", "close": 18.979466, "volume": 372718, "typical_volume": 314547.95, "trend": 20.760818, "fair_value": 15.666939, "relative_strength": -19.414372, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.329003, "energy": 57.893757, "activity_lines": [ 19.331891, 19.791074, 20.83696, 20.937479 ] }, { "date": "2024-05-31", "close": 20.346865, "volume": 307072, "typical_volume": 317123.6, "trend": 20.763129, "fair_value": 15.714807, "relative_strength": -13.144618, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.593849, "energy": 35.598275, "activity_lines": [ 19.566312, 19.811547, 20.734384, 20.910772 ] }, { "date": "2024-06-07", "close": 19.74364, "volume": 202868, "typical_volume": 315258.7, "trend": 20.80316, "fair_value": 15.754763, "relative_strength": -16.55856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.383267, "energy": 27.858868, "activity_lines": [ 19.647177, 19.742936, 20.575691, 20.844999 ] }, { "date": "2024-06-14", "close": 19.111691, "volume": 240762, "typical_volume": 308575.85, "trend": 20.803799, "fair_value": 15.794479, "relative_strength": -20.284504, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.387006, "energy": 39.408531, "activity_lines": [ 19.503345, 19.586996, 20.368131, 20.735872 ] }, { "date": "2024-06-21", "close": 18.230791, "volume": 281375, "typical_volume": 304912.4, "trend": 20.797193, "fair_value": 15.814241, "relative_strength": -24.100804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.991538, "energy": 44.957217, "activity_lines": [ 19.100322, 19.317935, 20.093994, 20.569871 ] }, { "date": "2024-06-28", "close": 18.460591, "volume": 383060, "typical_volume": 307264.45, "trend": 20.760824, "fair_value": 15.841456, "relative_strength": -22.85437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.54833, "energy": 59.077603, "activity_lines": [ 18.826356, 19.124393, 19.856504, 20.419123 ] }, { "date": "2024-07-05", "close": 19.073391, "volume": 458413, "typical_volume": 312549.4, "trend": 20.757566, "fair_value": 15.87694, "relative_strength": -21.554415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.581265, "energy": 59.648895, "activity_lines": [ 18.791248, 19.06298, 19.696391, 20.310256 ] }, { "date": "2024-07-12", "close": 18.527616, "volume": 427753, "typical_volume": 325343.05, "trend": 20.725651, "fair_value": 15.915961, "relative_strength": -24.249917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.894918, "energy": 60.863735, "activity_lines": [ 18.659113, 18.93845, 19.503838, 20.166388 ] }, { "date": "2024-07-19", "close": 18.910616, "volume": 328475, "typical_volume": 329983.0, "trend": 20.68462, "fair_value": 15.946472, "relative_strength": -20.918005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.911157, "energy": 43.847891, "activity_lines": [ 18.735713, 18.901834, 19.371393, 20.049289 ] }, { "date": "2024-07-26", "close": 18.939341, "volume": 190146, "typical_volume": 327006.85, "trend": 20.654694, "fair_value": 15.98004, "relative_strength": -19.540624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.268884, "energy": 36.940561, "activity_lines": [ 18.835293, 18.883491, 19.266485, 19.936691 ] }, { "date": "2024-08-02", "close": 17.282866, "volume": 549418, "typical_volume": 322946.8, "trend": 20.570187, "fair_value": 16.006098, "relative_strength": -24.282399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.396895, "energy": 51.295343, "activity_lines": [ 18.335478, 18.565394, 19.027999, 19.719154 ] }, { "date": "2024-08-09", "close": 16.536017, "volume": 549558, "typical_volume": 331799.35, "trend": 20.433828, "fair_value": 16.030769, "relative_strength": -26.842722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.289765, "energy": 70.242263, "activity_lines": [ 17.665228, 18.142353, 18.741096, 19.458884 ] }, { "date": "2024-08-16", "close": 18.144616, "volume": 586118, "typical_volume": 350713.25, "trend": 20.301298, "fair_value": 16.069856, "relative_strength": -22.131556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.516727, "energy": 56.167964, "activity_lines": [ 17.700336, 18.081073, 18.630933, 19.311193 ] }, { "date": "2024-08-23", "close": 18.307391, "volume": 305363, "typical_volume": 350305.05, "trend": 20.153263, "fair_value": 16.104299, "relative_strength": -21.78834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.458563, "energy": 51.783301, "activity_lines": [ 17.815236, 18.078462, 18.551107, 19.182554 ] }, { "date": "2024-08-30", "close": 18.971896, "volume": 204849, "typical_volume": 344604.6, "trend": 20.074632, "fair_value": 16.140934, "relative_strength": -18.476607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.649049, "energy": 34.572088, "activity_lines": [ 18.191853, 18.211293, 18.550719, 19.106337 ] }, { "date": "2024-09-06", "close": 17.347655, "volume": 234508, "typical_volume": 336047.95, "trend": 19.904437, "fair_value": 16.17227, "relative_strength": -21.540997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.679227, "energy": 32.283445, "activity_lines": [ 18.024885, 18.035333, 18.400947, 18.930403 ] }, { "date": "2024-09-13", "close": 17.482208, "volume": 242403, "typical_volume": 334061.45, "trend": 19.714624, "fair_value": 16.198004, "relative_strength": -23.320232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.105786, "energy": 32.614369, "activity_lines": [ 17.89845, 17.904073, 18.274715, 18.77413 ] }, { "date": "2024-09-20", "close": 18.04925, "volume": 180185, "typical_volume": 324065.75, "trend": 19.533247, "fair_value": 16.227843, "relative_strength": -21.255041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.236833, "energy": 29.255949, "activity_lines": [ 17.897949, 17.904841, 18.219522, 18.666687 ] }, { "date": "2024-09-27", "close": 18.04925, "volume": 197507, "typical_volume": 322755.45, "trend": 19.330939, "fair_value": 16.257388, "relative_strength": -21.049966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.584979, "energy": 31.480362, "activity_lines": [ 17.903805, 17.914308, 18.171394, 18.570945 ] }, { "date": "2024-10-04", "close": 18.289523, "volume": 180461, "typical_volume": 321150.6, "trend": 19.139998, "fair_value": 16.282773, "relative_strength": -19.575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.02966, "energy": 21.81807, "activity_lines": [ 18.006962, 17.983121, 18.153668, 18.503757 ] }, { "date": "2024-10-11", "close": 18.203025, "volume": 172192, "typical_volume": 311124.3, "trend": 19.011697, "fair_value": 16.304665, "relative_strength": -20.189567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.132372, "energy": 15.353967, "activity_lines": [ 18.126778, 18.048022, 18.131172, 18.443307 ] }, { "date": "2024-10-18", "close": 16.21357, "volume": 413296, "typical_volume": 316435.5, "trend": 18.836165, "fair_value": 16.309455, "relative_strength": -28.832644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.856411, "energy": 36.461351, "activity_lines": [ 17.526418, 17.734475, 17.922902, 18.262783 ] }, { "date": "2024-10-25", "close": 16.742169, "volume": 227381, "typical_volume": 317661.15, "trend": 18.685569, "fair_value": 16.315636, "relative_strength": -25.078723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.577671, "energy": 45.033361, "activity_lines": [ 17.186833, 17.522898, 17.784656, 18.127686 ] }, { "date": "2024-11-01", "close": 18.875787, "volume": 431621, "typical_volume": 327204.1, "trend": 18.591462, "fair_value": 16.340959, "relative_strength": -13.735891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.273952, "energy": 21.733554, "activity_lines": [ 17.645593, 17.724752, 17.863905, 18.139958 ] }, { "date": "2024-11-08", "close": 19.875319, "volume": 475407, "typical_volume": 336905.7, "trend": 18.584427, "fair_value": 16.37645, "relative_strength": -12.878252, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.773551, "energy": 3.937689, "activity_lines": [ 18.382428, 18.098004, 18.039471, 18.222788 ] }, { "date": "2024-11-15", "close": 19.12567, "volume": 182644, "typical_volume": 326884.9, "trend": 18.568626, "fair_value": 16.41172, "relative_strength": -13.937835, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.897589, "energy": 21.557171, "activity_lines": [ 18.76366, 18.31853, 18.13581, 18.257707 ] }, { "date": "2024-11-22", "close": 19.548549, "volume": 263947, "typical_volume": 317161.6, "trend": 18.518255, "fair_value": 16.450935, "relative_strength": -13.115566, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.528294, "energy": 32.564683, "activity_lines": [ 19.224342, 18.583616, 18.269257, 18.320927 ] }, { "date": "2024-11-29", "close": 19.575757, "volume": 177969, "typical_volume": 304672.4, "trend": 18.519683, "fair_value": 16.496442, "relative_strength": -13.541352, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.633323, "energy": 52.035426, "activity_lines": [ 19.471761, 18.816079, 18.403032, 18.389153 ] }, { "date": "2024-12-06", "close": 20.019783, "volume": 360730, "typical_volume": 306285.15, "trend": 18.532731, "fair_value": 16.539966, "relative_strength": -11.926911, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.581332, "energy": 55.852977, "activity_lines": [ 19.678283, 19.101519, 18.574105, 18.485934 ] }, { "date": "2024-12-13", "close": 20.106658, "volume": 243182, "typical_volume": 308936.95, "trend": 18.569032, "fair_value": 16.586697, "relative_strength": -10.62096, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.489702, "energy": 62.408193, "activity_lines": [ 19.837497, 19.366927, 18.748169, 18.587478 ] }, { "date": "2024-12-20", "close": 19.566104, "volume": 270775, "typical_volume": 295004.8, "trend": 18.588587, "fair_value": 16.627489, "relative_strength": -10.939791, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.458848, "energy": 46.180035, "activity_lines": [ 19.801104, 19.501013, 18.865193, 18.651805 ] }, { "date": "2024-12-27", "close": 20.425198, "volume": 120034, "typical_volume": 273528.6, "trend": 18.591198, "fair_value": 16.669489, "relative_strength": -7.25134, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.252398, "energy": 47.876953, "activity_lines": [ 20.021714, 19.766515, 19.053164, 18.770296 ] }, { "date": "2025-01-03", "close": 21.014015, "volume": 187719, "typical_volume": 253608.65, "trend": 18.633544, "fair_value": 16.715264, "relative_strength": -3.714259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.945741, "energy": 53.498881, "activity_lines": [ 20.380152, 20.0625, 19.278692, 18.926607 ] }, { "date": "2025-01-10", "close": 19.58541, "volume": 281403, "typical_volume": 252410.65, "trend": 18.649334, "fair_value": 16.749407, "relative_strength": -8.004438, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.447463, "energy": 36.289038, "activity_lines": [ 20.166505, 20.021068, 19.354499, 18.988017 ] }, { "date": "2025-01-17", "close": 19.778464, "volume": 231605, "typical_volume": 253748.45, "trend": 18.700923, "fair_value": 16.792149, "relative_strength": -9.118703, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.226795, "energy": 34.290298, "activity_lines": [ 20.046167, 20.001835, 19.442606, 19.060864 ] }, { "date": "2025-01-24", "close": 19.614368, "volume": 222133, "typical_volume": 253129.7, "trend": 18.739383, "fair_value": 16.835548, "relative_strength": -10.705294, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.014033, "energy": 23.538024, "activity_lines": [ 19.89301, 19.954527, 19.511244, 19.119796 ] }, { "date": "2025-01-31", "close": 18.359512, "volume": 366407, "typical_volume": 259329.9, "trend": 18.715587, "fair_value": 16.866957, "relative_strength": -14.96668, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.099406, "energy": 15.882492, "activity_lines": [ 19.318351, 19.670178, 19.449578, 19.095289 ] }, { "date": "2025-02-07", "close": 18.253332, "volume": 238026, "typical_volume": 262221.95, "trend": 18.706444, "fair_value": 16.89474, "relative_strength": -14.624679, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.735035, "energy": 17.432136, "activity_lines": [ 18.84601, 19.388143, 19.373622, 19.065466 ] }, { "date": "2025-02-14", "close": 18.012013, "volume": 223883, "typical_volume": 263540.75, "trend": 18.676491, "fair_value": 16.918209, "relative_strength": -16.197045, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.393148, "energy": 29.480625, "activity_lines": [ 18.477275, 19.086275, 19.273712, 19.020664 ] }, { "date": "2025-02-21", "close": 17.828611, "volume": 217371, "typical_volume": 265386.25, "trend": 18.639466, "fair_value": 16.945684, "relative_strength": -14.905691, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.204033, "energy": 44.711815, "activity_lines": [ 18.1523, 18.787567, 19.156511, 18.965962 ] }, { "date": "2025-02-28", "close": 16.988823, "volume": 301744, "typical_volume": 271863.85, "trend": 18.629665, "fair_value": 16.962746, "relative_strength": -17.260416, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.877179, "energy": 58.736044, "activity_lines": [ 17.677385, 18.377589, 18.961526, 18.859469 ] }, { "date": "2025-03-07", "close": 16.322783, "volume": 498566, "typical_volume": 276127.35, "trend": 18.622557, "fair_value": 16.979855, "relative_strength": -17.098162, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.798023, "energy": 69.067942, "activity_lines": [ 17.155493, 17.893372, 18.708891, 18.710638 ] }, { "date": "2025-03-14", "close": 16.243573, "volume": 425572, "typical_volume": 286036.9, "trend": 18.559189, "fair_value": 16.9935, "relative_strength": -14.869535, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.168113, "energy": 79.373019, "activity_lines": [ 16.74298, 17.469343, 18.448192, 18.557155 ] }, { "date": "2025-03-21", "close": 15.641959, "volume": 696464, "typical_volume": 299279.05, "trend": 18.470341, "fair_value": 17.002815, "relative_strength": -17.786912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.074231, "energy": 81.306514, "activity_lines": [ 16.263913, 17.022665, 18.13257, 18.368946 ] }, { "date": "2025-03-28", "close": 15.515814, "volume": 583796, "typical_volume": 304698.5, "trend": 18.355138, "fair_value": 17.015875, "relative_strength": -16.59952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.589787, "energy": 81.322493, "activity_lines": [ 15.900801, 16.62475, 17.820334, 18.178332 ] }, { "date": "2025-04-04", "close": 13.846821, "volume": 550299, "typical_volume": 323081.25, "trend": 18.238444, "fair_value": 17.015989, "relative_strength": -17.439067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.169199, "energy": 88.257556, "activity_lines": [ 15.135544, 16.000885, 17.369905, 17.887472 ] }, { "date": "2025-04-11", "close": 13.895338, "volume": 788389, "typical_volume": 349303.35, "trend": 18.118882, "fair_value": 17.017124, "relative_strength": -20.965244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.282415, "energy": 88.540708, "activity_lines": [ 14.595927, 15.490706, 16.949235, 17.607272 ] }, { "date": "2025-04-18", "close": 14.894794, "volume": 371330, "typical_volume": 358971.4, "trend": 18.013733, "fair_value": 17.030106, "relative_strength": -13.472807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.554466, "energy": 78.367423, "activity_lines": [ 14.551291, 15.243413, 16.650671, 17.399266 ] }, { "date": "2025-04-25", "close": 14.904497, "volume": 350184, "typical_volume": 358444.1, "trend": 17.908908, "fair_value": 17.051016, "relative_strength": -16.495032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.800044, "energy": 68.673444, "activity_lines": [ 14.599809, 15.058948, 16.375321, 17.198671 ] }, { "date": "2025-05-02", "close": 15.282932, "volume": 472995, "typical_volume": 369934.75, "trend": 17.808688, "fair_value": 17.075948, "relative_strength": -16.227547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.96525, "energy": 52.815662, "activity_lines": [ 14.823635, 14.99979, 16.160371, 17.029253 ] }, { "date": "2025-05-09", "close": 15.312042, "volume": 349150, "typical_volume": 373853.5, "trend": 17.712322, "fair_value": 17.102901, "relative_strength": -15.148838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.71021, "energy": 38.929072, "activity_lines": [ 15.07269, 14.99221, 15.971164, 16.868179 ] }, { "date": "2025-05-16", "close": 16.757856, "volume": 603771, "typical_volume": 398040.35, "trend": 17.730465, "fair_value": 17.138352, "relative_strength": -11.36785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.154121, "energy": 23.786788, "activity_lines": [ 15.706002, 15.277992, 15.939911, 16.8066 ] }, { "date": "2025-05-23", "close": 16.622008, "volume": 282818, "typical_volume": 402795.3, "trend": 17.72646, "fair_value": 17.168541, "relative_strength": -9.379294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.432746, "energy": 23.815196, "activity_lines": [ 16.103197, 15.531164, 15.913183, 16.735087 ] }, { "date": "2025-05-30", "close": 16.631711, "volume": 204443, "typical_volume": 398947.3, "trend": 17.651657, "fair_value": 17.195642, "relative_strength": -10.316937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.261737, "energy": 23.729297, "activity_lines": [ 16.388478, 15.779219, 15.908294, 16.664458 ] }, { "date": "2025-06-06", "close": 17.407011, "volume": 251069, "typical_volume": 399920.5, "trend": 17.56938, "fair_value": 17.23116, "relative_strength": -7.187932, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.937681, "energy": 20.690635, "activity_lines": [ 16.817045, 16.150243, 15.991308, 16.648674 ] }, { "date": "2025-06-13", "close": 17.504529, "volume": 264246, "typical_volume": 402026.15, "trend": 17.515342, "fair_value": 17.278177, "relative_strength": -5.967355, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.99137, "energy": 23.70747, "activity_lines": [ 17.136513, 16.504611, 16.094902, 16.64449 ] }, { "date": "2025-06-20", "close": 17.114456, "volume": 225412, "typical_volume": 394976.4, "trend": 17.434206, "fair_value": 17.323349, "relative_strength": -7.625282, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.216071, "energy": 25.706141, "activity_lines": [ 17.179791, 16.721554, 16.171394, 16.618627 ] }, { "date": "2025-06-27", "close": 15.739449, "volume": 346553, "typical_volume": 400402.75, "trend": 17.306329, "fair_value": 17.35822, "relative_strength": -17.451626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.192709, "energy": 18.249658, "activity_lines": [ 16.740959, 16.629966, 16.122861, 16.509288 ] }, { "date": "2025-07-04", "close": 16.139274, "volume": 129103, "typical_volume": 395663.75, "trend": 17.176979, "fair_value": 17.394882, "relative_strength": -16.298892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.014502, "energy": 11.693245, "activity_lines": [ 16.49424, 16.595716, 16.124377, 16.433994 ] }, { "date": "2025-07-11", "close": 15.583419, "volume": 399994, "typical_volume": 404794.9, "trend": 17.026204, "fair_value": 17.431427, "relative_strength": -18.526429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.037634, "energy": 27.85004, "activity_lines": [ 16.095065, 16.437951, 16.081873, 16.331184 ] }, { "date": "2025-07-18", "close": 14.930047, "volume": 331919, "typical_volume": 406303.65, "trend": 16.871669, "fair_value": 17.459089, "relative_strength": -21.892101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.406982, "energy": 42.028834, "activity_lines": [ 15.599672, 16.155927, 15.987834, 16.195948 ] }, { "date": "2025-07-25", "close": 15.008062, "volume": 295415, "typical_volume": 396146.1, "trend": 16.691097, "fair_value": 17.489094, "relative_strength": -22.083469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.460482, "energy": 56.071408, "activity_lines": [ 15.301917, 15.895034, 15.911029, 16.075715 ] }, { "date": "2025-08-01", "close": 14.569229, "volume": 268346, "typical_volume": 388284.8, "trend": 16.476271, "fair_value": 17.515632, "relative_strength": -22.024337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.984259, "energy": 68.288747, "activity_lines": [ 14.99831, 15.586167, 15.798691, 15.93882 ] }, { "date": "2025-08-08", "close": 15.992996, "volume": 707125, "typical_volume": 388817.85, "trend": 16.356524, "fair_value": 17.547909, "relative_strength": -16.142405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.119895, "energy": 48.563882, "activity_lines": [ 15.247306, 15.57349, 15.829923, 15.907641 ] }, { "date": "2025-08-15", "close": 12.004499, "volume": 1518531, "typical_volume": 435554.6, "trend": 16.097392, "fair_value": 17.558363, "relative_strength": -37.082563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.58287, "energy": 75.56601, "activity_lines": [ 14.176556, 14.847245, 15.479626, 15.626865 ] }, { "date": "2025-08-22", "close": 13.223477, "volume": 1424775, "typical_volume": 479278.4, "trend": 15.884362, "fair_value": 17.574046, "relative_strength": -30.330628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.87527, "energy": 71.84504, "activity_lines": [ 13.750726, 14.44086, 15.262143, 15.441451 ] }, { "date": "2025-08-29", "close": 13.415825, "volume": 368910, "typical_volume": 458304.45, "trend": 15.719573, "fair_value": 17.588348, "relative_strength": -28.669511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.281783, "energy": 67.689383, "activity_lines": [ 13.502783, 14.147284, 15.065947, 15.282191 ] }, { "date": "2025-09-05", "close": 13.121403, "volume": 444679, "typical_volume": 461971.9, "trend": 15.548508, "fair_value": 17.601002, "relative_strength": -29.905581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.815904, "energy": 76.596648, "activity_lines": [ 13.262849, 13.867425, 14.843994, 15.114567 ] }, { "date": "2025-09-12", "close": 13.415825, "volume": 592681, "typical_volume": 474096.75, "trend": 15.395302, "fair_value": 17.622116, "relative_strength": -28.917495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.496315, "energy": 58.617111, "activity_lines": [ 13.217578, 13.688698, 14.658527, 14.976975 ] }, { "date": "2025-09-19", "close": 13.268614, "volume": 416917, "typical_volume": 471292.85, "trend": 15.243302, "fair_value": 17.649395, "relative_strength": -29.986834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.707911, "energy": 46.126425, "activity_lines": [ 13.295047, 13.532723, 14.466128, 14.839769 ] }, { "date": "2025-09-26", "close": 13.57285, "volume": 473534, "typical_volume": 477512.05, "trend": 15.129436, "fair_value": 17.679223, "relative_strength": -27.619523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.448606, "energy": 41.921833, "activity_lines": [ 13.389654, 13.474151, 14.312296, 14.731998 ] }, { "date": "2025-10-03", "close": 14.073367, "volume": 564391, "typical_volume": 475543.05, "trend": 15.054456, "fair_value": 17.708614, "relative_strength": -25.206719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.965117, "energy": 29.640303, "activity_lines": [ 13.627809, 13.531258, 14.214414, 14.663864 ] }, { "date": "2025-10-10", "close": 13.199916, "volume": 898546, "typical_volume": 506329.45, "trend": 14.953001, "fair_value": 17.730494, "relative_strength": -27.535847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.109639, "energy": 30.401609, "activity_lines": [ 13.530977, 13.44655, 14.046129, 14.544217 ] }, { "date": "2025-10-17", "close": 14.112624, "volume": 412298, "typical_volume": 516722.2, "trend": 14.902023, "fair_value": 17.755417, "relative_strength": -23.490957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.286594, "energy": 22.138477, "activity_lines": [ 13.733147, 13.552686, 13.981065, 14.489999 ] }, { "date": "2025-10-24", "close": 14.956633, "volume": 415435, "typical_volume": 524940.5, "trend": 14.883383, "fair_value": 17.776609, "relative_strength": -20.057446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.650757, "energy": 15.371385, "activity_lines": [ 14.1702, 13.846466, 14.008378, 14.493522 ] }, { "date": "2025-10-31", "close": 15.290311, "volume": 373661, "typical_volume": 530411.25, "trend": 14.9315, "fair_value": 17.79749, "relative_strength": -18.221953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.098697, "energy": 11.095094, "activity_lines": [ 14.605944, 14.14724, 14.079139, 14.519775 ] }, { "date": "2025-11-07", "close": 13.543408, "volume": 451189, "typical_volume": 541700.1, "trend": 14.919769, "fair_value": 17.802991, "relative_strength": -25.666773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.651675, "energy": 18.360088, "activity_lines": [ 14.34489, 14.092817, 13.994072, 14.430221 ] }, { "date": "2025-11-14", "close": 13.641549, "volume": 634676, "typical_volume": 556106.25, "trend": 14.877994, "fair_value": 17.812765, "relative_strength": -24.554127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.871761, "energy": 16.478326, "activity_lines": [ 14.15188, 14.053918, 13.935356, 14.347755 ] }, { "date": "2025-11-21", "close": 13.317685, "volume": 1012810, "typical_volume": 600291.6, "trend": 14.8251, "fair_value": 17.818014, "relative_strength": -24.198456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.142723, "energy": 23.4616, "activity_lines": [ 13.821473, 13.946677, 13.855787, 14.24709 ] }, { "date": "2025-11-28", "close": 14.168082, "volume": 498155, "typical_volume": 605199.65, "trend": 14.787939, "fair_value": 17.827809, "relative_strength": -21.545125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.904715, "energy": 24.651628, "activity_lines": [ 13.827528, 13.995838, 13.870643, 14.204702 ] }, { "date": "2025-12-05", "close": 13.901505, "volume": 557207, "typical_volume": 616464.05, "trend": 14.740921, "fair_value": 17.839497, "relative_strength": -22.54317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.951693, "energy": 22.036225, "activity_lines": [ 13.797294, 13.980177, 13.866851, 14.147513 ] }, { "date": "2025-12-12", "close": 13.565815, "volume": 741663, "typical_volume": 638776.45, "trend": 14.634519, "fair_value": 17.847952, "relative_strength": -23.200174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.27257, "energy": 23.13972, "activity_lines": [ 13.747751, 13.897505, 13.835987, 14.071699 ] }, { "date": "2025-12-19", "close": 12.924055, "volume": 1195194, "typical_volume": 685118.85, "trend": 14.511254, "fair_value": 17.853434, "relative_strength": -26.129099, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.602179, "energy": 29.891351, "activity_lines": [ 13.482793, 13.707378, 13.75087, 13.961347 ] }, { "date": "2025-12-26", "close": 13.625054, "volume": 480369, "typical_volume": 673781.05, "trend": 14.411032, "fair_value": 17.860528, "relative_strength": -22.348026, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.694958, "energy": 25.803152, "activity_lines": [ 13.499335, 13.649721, 13.740349, 13.904173 ] }, { "date": "2026-01-02", "close": 14.503772, "volume": 481947, "typical_volume": 621951.85, "trend": 14.314258, "fair_value": 17.872895, "relative_strength": -15.537709, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.113553, "energy": 11.186883, "activity_lines": [ 13.788292, 13.760696, 13.824792, 13.910156 ] }, { "date": "2026-01-09", "close": 14.938194, "volume": 642143, "typical_volume": 582820.25, "trend": 14.228713, "fair_value": 17.883606, "relative_strength": -13.539766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.675099, "energy": 5.265621, "activity_lines": [ 14.199676, 13.958891, 13.938707, 13.95041 ] }, { "date": "2026-01-16", "close": 15.402236, "volume": 651270, "typical_volume": 596938.25, "trend": 14.171639, "fair_value": 17.89513, "relative_strength": -9.761398, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.63156, "energy": 36.991617, "activity_lines": [ 14.696629, 14.247859, 14.088651, 14.026121 ] }, { "date": "2026-01-23", "close": 14.948067, "volume": 567226, "typical_volume": 603065.6, "trend": 14.14526, "fair_value": 17.902063, "relative_strength": -11.356983, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.470278, "energy": 45.547249, "activity_lines": [ 14.919764, 14.420454, 14.185881, 14.076213 ] }, { "date": "2026-01-30", "close": 14.760476, "volume": 425549, "typical_volume": 594709.0, "trend": 14.0993, "fair_value": 17.906952, "relative_strength": -12.15783, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.857159, "energy": 57.188649, "activity_lines": [ 14.945434, 14.535187, 14.256548, 14.115904 ] }, { "date": "2026-02-06", "close": 15.826784, "volume": 523035, "typical_volume": 600014.9, "trend": 14.107412, "fair_value": 17.916697, "relative_strength": -5.039685, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.443814, "energy": 65.213582, "activity_lines": [ 15.250846, 14.817561, 14.422364, 14.227355 ] }, { "date": "2026-02-13", "close": 15.994629, "volume": 350110, "typical_volume": 593843.7, "trend": 14.142898, "fair_value": 17.921155, "relative_strength": -2.283558, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.216901, "energy": 66.6316, "activity_lines": [ 15.524005, 15.100294, 14.591984, 14.349111 ] }, { "date": "2026-02-20", "close": 16.261206, "volume": 304771, "typical_volume": 580862.7, "trend": 14.18467, "fair_value": 17.924621, "relative_strength": -1.249168, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.104537, "energy": 69.368075, "activity_lines": [ 15.815594, 15.393439, 14.77546, 14.485776 ] }, { "date": "2026-02-27", "close": 16.468544, "volume": 403669, "typical_volume": 556118.85, "trend": 14.24798, "fair_value": 17.924402, "relative_strength": 0.911195, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.331363, "energy": 75.864278, "activity_lines": [ 16.119032, 15.675275, 14.968265, 14.633123 ] }, { "date": "2026-03-06", "close": 16.330319, "volume": 373246, "typical_volume": 554166.25, "trend": 14.259224, "fair_value": 17.92818, "relative_strength": 2.452962, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.046194, "energy": 70.075304, "activity_lines": [ 16.275029, 15.867534, 15.13234, 14.767467 ] }, { "date": "2026-03-13", "close": 12.598239, "volume": 1659347, "typical_volume": 616361.85, "trend": 14.279015, "fair_value": 17.912977, "relative_strength": -19.089158, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.491945, "energy": 11.511028, "activity_lines": [ 15.082343, 15.332046, 14.930418, 14.660307 ] }, { "date": "2026-03-20", "close": 13.42759, "volume": 994752, "typical_volume": 647416.4, "trend": 14.285819, "fair_value": 17.904657, "relative_strength": -11.652104, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 8.850691, "energy": 16.471067, "activity_lines": [ 14.381344, 14.981995, 14.818713, 14.605376 ] }, { "date": "2026-03-27", "close": 13.23496, "volume": 748757, "typical_volume": 662294.8, "trend": 14.27979, "fair_value": 17.888834, "relative_strength": -10.388908, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -23.363086, "energy": 31.556026, "activity_lines": [ 13.787271, 14.624386, 14.697532, 14.537579 ] }, { "date": "2026-04-03", "close": 13.483364, "volume": 476010, "typical_volume": 654361.5, "trend": 14.291856, "fair_value": 17.870926, "relative_strength": -11.208425, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.042532, "energy": 35.008945, "activity_lines": [ 13.477748, 14.351347, 14.601477, 14.486197 ] }, { "date": "2026-04-10", "close": 14.248448, "volume": 419901, "typical_volume": 624716.05, "trend": 14.31961, "fair_value": 17.852859, "relative_strength": -9.028916, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.678778, "energy": 38.256689, "activity_lines": [ 13.622266, 14.244044, 14.579041, 14.483396 ] }, { "date": "2026-04-17", "close": 13.900682, "volume": 533854, "typical_volume": 626501.0, "trend": 14.340679, "fair_value": 17.829489, "relative_strength": -14.437912, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.230643, "energy": 26.041195, "activity_lines": [ 13.789654, 14.082821, 14.519052, 14.456368 ] }, { "date": "2026-04-24", "close": 14.39749, "volume": 779488, "typical_volume": 637615.05, "trend": 14.368167, "fair_value": 17.805747, "relative_strength": -11.313991, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.210041, "energy": 10.318577, "activity_lines": [ 14.035814, 14.046947, 14.507651, 14.460034 ] }, { "date": "2026-05-01", "close": 14.635958, "volume": 575381, "typical_volume": 629300.95, "trend": 14.38692, "fair_value": 17.783293, "relative_strength": -10.155252, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.347158, "energy": 8.580776, "activity_lines": [ 14.296804, 14.08347, 14.5166, 14.477311 ] }, { "date": "2026-05-08", "close": 14.586277, "volume": 498057, "typical_volume": 594444.1, "trend": 14.433132, "fair_value": 17.760761, "relative_strength": -11.945718, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.982208, "energy": 10.944109, "activity_lines": [ 14.447833, 14.140509, 14.515721, 14.490172 ] }, { "date": "2026-05-15", "close": 15.192383, "volume": 578724, "typical_volume": 599361.85, "trend": 14.469124, "fair_value": 17.743742, "relative_strength": -7.849987, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.772708, "energy": 18.753982, "activity_lines": [ 14.727371, 14.341973, 14.564651, 14.539156 ] }, { "date": "2026-05-22", "close": 14.705511, "volume": 360440, "typical_volume": 593286.5, "trend": 14.460753, "fair_value": 17.72689, "relative_strength": -10.861579, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.504954, "energy": 21.814931, "activity_lines": [ 14.781688, 14.475604, 14.559749, 14.554407 ] }, { "date": "2026-05-29", "close": 13.741704, "volume": 980107, "typical_volume": 610184.7, "trend": 14.409133, "fair_value": 17.701681, "relative_strength": -17.150098, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.105622, "energy": 6.118926, "activity_lines": [ 14.461082, 14.395684, 14.462096, 14.508017 ] }, { "date": "2026-06-05", "close": 13.74, "volume": 1408674, "typical_volume": 648054.9, "trend": 14.415686, "fair_value": 17.673616, "relative_strength": -14.2249, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.664082, "energy": 9.933252, "activity_lines": [ 14.183626, 14.309742, 14.369977, 14.464847 ] }, { "date": "2026-06-12", "close": 13.51, "volume": 401596, "typical_volume": 639773.4, "trend": 14.411301, "fair_value": 17.641959, "relative_strength": -15.279846, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.826213, "energy": 42.167037, "activity_lines": [ 13.889234, 14.1728, 14.26387, 14.406416 ] }, { "date": "2026-06-19", "close": 13.52, "volume": 373950, "typical_volume": 637193.45, "trend": 14.418045, "fair_value": 17.608368, "relative_strength": -15.164312, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.095672, "energy": 54.997391, "activity_lines": [ 13.669928, 14.037192, 14.165562, 14.348912 ] }, { "date": "2026-06-26", "close": 13.59, "volume": 606763, "typical_volume": 641379.85, "trend": 14.398775, "fair_value": 17.579705, "relative_strength": -12.07536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.287428, "energy": 57.454767, "activity_lines": [ 13.585447, 13.927555, 14.079828, 14.29549 ] }, { "date": "2026-07-03", "close": 12.91, "volume": 322476, "typical_volume": 639998.15, "trend": 14.365725, "fair_value": 17.548015, "relative_strength": -17.590859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.956926, "energy": 64.412234, "activity_lines": [ 13.348667, 13.699931, 13.939984, 14.19944 ] }, { "date": "2026-07-10", "close": 13.67, "volume": 343344, "typical_volume": 641926.8, "trend": 14.369198, "fair_value": 17.517988, "relative_strength": -13.347946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.612302, "energy": 46.022046, "activity_lines": [ 13.420667, 13.637534, 13.887209, 14.154554 ] }, { "date": "2026-07-17", "close": 13.26, "volume": 281373, "typical_volume": 635812.0, "trend": 14.380396, "fair_value": 17.486726, "relative_strength": -14.137371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.126016, "energy": 40.029, "activity_lines": [ 13.360667, 13.518155, 13.807726, 14.082993 ] }, { "date": "2026-07-24", "close": 13.92, "volume": 227829, "typical_volume": 628541.15, "trend": 14.390228, "fair_value": 17.427073, "relative_strength": -8.912032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.221188, "energy": 29.573339, "activity_lines": [ 13.537333, 13.542889, 13.806379, 14.05329 ] }, { "date": "2026-07-31", "close": 13.6, "volume": 237726, "typical_volume": 557460.1, "trend": 14.360102, "fair_value": 17.363492, "relative_strength": -11.519493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.455044, "energy": 19.064592, "activity_lines": [ 13.580667, 13.532576, 13.786033, 14.002308 ] }, { "date": "2026-08-07", "close": 14.58, "volume": 295296, "typical_volume": 522487.3, "trend": 14.348162, "fair_value": 17.307464, "relative_strength": -7.799328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.052544, "energy": 11.389811, "activity_lines": [ 13.95, 13.720545, 13.85425, 14.016495 ] } ], "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." } } }