{ "ticker": { "uuid": "44b98dd6-6c67-4c52-8eb1-0159a6264e2a", "symbol": "CHMG", "name": "Chipotle Mexican Grill, Inc.", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 49.356, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 2.981, "architecture_energy": 8.597, "architecture_maturity": 27.36, "architecture_confidence": 56.945, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 53.88, "rotation_up": 42.22, "upward_expansion": 32.21, "deceleration": 39.41, "rotation_down": 28.04, "downward_expansion": 27.54 }, "activity_lines": [ 30.07, 29.930909, 29.278024, 29.318194 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 28.6, "trend_reference": 29.899, "distance_from_trend": -0.043446, "trend_direction": "Weakening", "fair_value": 42.52741, "distance_from_fair_value": -0.327493, "fair_value_direction": "Improving", "relative_strength": -25.451654, "relative_strength_direction": "Improving", "price_momentum": -0.157336, "excess_performance": -0.331583, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.043446, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.00748, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.327493, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.025654, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.254517, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.075655, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.157336, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.283497, "read": "Demand-led" } ], "volume": { "latest": 3480, "relative_activity": 3.11507, "balance": 1.283497, "dry_up": 2.84362, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.080689, "annualized_volatility": 0.435938, "from_high_reference": -0.243186, "from_low_reference": 0.167347 }, "levels": { "trend_reference": 29.899, "fair_value_reference": 42.52741, "structural_low": 24.5, "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": 9, "median_return": -0.077419, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.073231, "regime_survival": 0.333333, "best_return": 0.043438, "worst_return": -0.235892, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.076287, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.025326, "regime_survival": 0.0, "best_return": 0.29109, "worst_return": -0.281141, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.116125, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.216894, "regime_survival": 0.2, "best_return": 0.12633, "worst_return": -0.344141, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.1357, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.275714, "regime_survival": 0.0, "best_return": 0.083018, "worst_return": -0.354419, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-01", "tenure": "New", "return": -0.00186, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-08", "end": "2024-12-13", "tenure": "Developing", "return": 0.125521, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.070537, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": -0.105498, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": -0.118065, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-06-27", "tenure": "Established", "return": 0.007339, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": -0.053253, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.059485, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2026-01-09", "tenure": "Established", "return": -0.052909, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": -0.003593, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": -0.054887, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": -0.101026, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-07-03", "tenure": "Established", "return": 0.068716, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.077419, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 33.880001, "volume": 0, "typical_volume": 150.0, "trend": 34.078133, "fair_value": 28.301731, "relative_strength": 5.457308, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.853621, "energy": 42.367278, "activity_lines": [ 34.322401, 35.540074, 36.420915, 35.55188 ] }, { "date": "2023-08-25", "close": 34.743999, "volume": 0, "typical_volume": 150.0, "trend": 34.25, "fair_value": 28.384474, "relative_strength": 8.768784, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.74201, "energy": 45.671456, "activity_lines": [ 34.2592, 35.242982, 36.282515, 35.594839 ] }, { "date": "2023-09-01", "close": 35.972, "volume": 0, "typical_volume": 150.0, "trend": 34.3984, "fair_value": 28.475731, "relative_strength": 10.033232, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.480528, "energy": 30.532745, "activity_lines": [ 34.8216, 35.219782, 36.242724, 35.705936 ] }, { "date": "2023-09-08", "close": 36.880001, "volume": 0, "typical_volume": 150.0, "trend": 34.6364, "fair_value": 28.570603, "relative_strength": 13.757697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.933233, "energy": 15.589352, "activity_lines": [ 35.5968, 35.391928, 36.267734, 35.866039 ] }, { "date": "2023-09-15", "close": 35.931999, "volume": 0, "typical_volume": 150.0, "trend": 34.831467, "fair_value": 28.668757, "relative_strength": 9.53125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.713903, "energy": 22.230078, "activity_lines": [ 35.8976, 35.429309, 36.182953, 35.949626 ] }, { "date": "2023-09-22", "close": 35.424, "volume": 0, "typical_volume": 150.0, "trend": 35.076533, "fair_value": 28.759577, "relative_strength": 8.895058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.13848, "energy": 23.645096, "activity_lines": [ 35.8784, 35.414037, 36.052724, 35.987854 ] }, { "date": "2023-09-29", "close": 34.852001, "volume": 0, "typical_volume": 102.5, "trend": 35.291467, "fair_value": 28.846474, "relative_strength": 6.963698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.626377, "energy": 10.462268, "activity_lines": [ 35.5656, 35.321309, 35.874553, 35.973368 ] }, { "date": "2023-10-06", "close": 34.647999, "volume": 0, "typical_volume": 92.5, "trend": 35.458133, "fair_value": 28.929731, "relative_strength": 7.953522, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.241903, "energy": 21.807425, "activity_lines": [ 35.1776, 35.248509, 35.690629, 35.931854 ] }, { "date": "2023-10-13", "close": 33.852001, "volume": 0, "typical_volume": 92.5, "trend": 35.5828, "fair_value": 28.999962, "relative_strength": 4.697961, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.150939, "energy": 50.293963, "activity_lines": [ 34.612534, 35.030546, 35.450838, 35.828232 ] }, { "date": "2023-10-20", "close": 34.619999, "volume": 0, "typical_volume": 92.5, "trend": 35.7384, "fair_value": 29.079936, "relative_strength": 11.005318, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.882886, "energy": 51.458138, "activity_lines": [ 34.505333, 34.964073, 35.307753, 35.766116 ] }, { "date": "2023-10-27", "close": 36.667999, "volume": 500, "typical_volume": 117.5, "trend": 35.917867, "fair_value": 29.181808, "relative_strength": 17.651631, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -31.83502, "energy": 27.741975, "activity_lines": [ 35.168266, 35.252727, 35.378686, 35.82609 ] }, { "date": "2023-11-03", "close": 38.167999, "volume": 300, "typical_volume": 132.5, "trend": 36.1604, "fair_value": 29.284192, "relative_strength": 15.460265, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.244499, "energy": 25.343437, "activity_lines": [ 36.248266, 35.763418, 35.597676, 35.97126 ] }, { "date": "2023-11-10", "close": 39.424, "volume": 50, "typical_volume": 135.0, "trend": 36.4272, "fair_value": 29.400833, "relative_strength": 17.892449, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.65733, "energy": 62.313292, "activity_lines": [ 37.525866, 36.440218, 35.933238, 36.181815 ] }, { "date": "2023-11-17", "close": 39.872002, "volume": 200, "typical_volume": 145.0, "trend": 36.663467, "fair_value": 29.51609, "relative_strength": 15.983363, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.561093, "energy": 76.724259, "activity_lines": [ 38.6344, 37.135709, 36.302952, 36.40406 ] }, { "date": "2023-11-24", "close": 40.580002, "volume": 50, "typical_volume": 147.5, "trend": 36.797867, "fair_value": 29.638039, "relative_strength": 18.020752, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.001079, "energy": 84.703356, "activity_lines": [ 39.577601, 37.905528, 36.735695, 36.65674 ] }, { "date": "2023-12-01", "close": 40.689999, "volume": 0, "typical_volume": 147.5, "trend": 36.927667, "fair_value": 29.760077, "relative_strength": 15.525266, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.644992, "energy": 82.916664, "activity_lines": [ 40.160134, 38.610837, 37.167181, 36.907845 ] }, { "date": "2023-12-08", "close": 41.310001, "volume": 0, "typical_volume": 132.5, "trend": 37.0472, "fair_value": 29.886141, "relative_strength": 16.425849, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.574812, "energy": 92.912623, "activity_lines": [ 40.681201, 39.333128, 37.639591, 37.190577 ] }, { "date": "2023-12-15", "close": 41.860001, "volume": 350, "typical_volume": 75.0, "trend": 37.148, "fair_value": 30.006013, "relative_strength": 15.531512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.772926, "energy": 92.20505, "activity_lines": [ 41.176134, 40.038001, 38.148562, 37.50108 ] }, { "date": "2023-12-22", "close": 41.799999, "volume": 0, "typical_volume": 75.0, "trend": 37.248, "fair_value": 30.125192, "relative_strength": 13.357055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.261959, "energy": 87.482833, "activity_lines": [ 41.488667, 40.600837, 38.617362, 37.801209 ] }, { "date": "2023-12-29", "close": 41.16, "volume": 0, "typical_volume": 72.5, "trend": 37.3332, "fair_value": 30.243372, "relative_strength": 10.035303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.617529, "energy": 70.369891, "activity_lines": [ 41.459333, 40.9028, 38.990467, 38.053596 ] }, { "date": "2024-01-05", "close": 40.43, "volume": 250, "typical_volume": 85.0, "trend": 37.4222, "fair_value": 30.356616, "relative_strength": 7.512384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.999432, "energy": 63.360565, "activity_lines": [ 41.148, 40.953128, 39.258391, 38.253389 ] }, { "date": "2024-01-12", "close": 41.380001, "volume": 0, "typical_volume": 85.0, "trend": 37.5506, "fair_value": 30.472641, "relative_strength": 10.34081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.294269, "energy": 59.593181, "activity_lines": [ 41.170667, 41.107782, 39.5856, 38.508731 ] }, { "date": "2024-01-19", "close": 42.84, "volume": 0, "typical_volume": 85.0, "trend": 37.724067, "fair_value": 30.590564, "relative_strength": 15.250574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.125211, "energy": 65.526639, "activity_lines": [ 41.675334, 41.469491, 40.020257, 38.849983 ] }, { "date": "2024-01-26", "close": 42.830002, "volume": 0, "typical_volume": 85.0, "trend": 37.853467, "fair_value": 30.707628, "relative_strength": 10.821673, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.968881, "energy": 67.627016, "activity_lines": [ 42.111334, 41.767273, 40.421258, 39.179398 ] }, { "date": "2024-02-02", "close": 45.59, "volume": 0, "typical_volume": 85.0, "trend": 38.1026, "fair_value": 30.841462, "relative_strength": 17.676396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.03078, "energy": 95.856833, "activity_lines": [ 43.398667, 42.513091, 41.056781, 39.678529 ] }, { "date": "2024-02-09", "close": 48.900002, "volume": 650, "typical_volume": 117.5, "trend": 38.503134, "fair_value": 30.992564, "relative_strength": 28.000318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.406356, "energy": 98.710182, "activity_lines": [ 45.494001, 43.769637, 41.961553, 40.375136 ] }, { "date": "2024-02-16", "close": 48.459999, "volume": 0, "typical_volume": 117.5, "trend": 38.8522, "fair_value": 31.146821, "relative_strength": 23.892439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.036017, "energy": 97.085795, "activity_lines": [ 46.878, 44.79691, 42.760248, 41.017514 ] }, { "date": "2024-02-23", "close": 48.689999, "volume": 0, "typical_volume": 117.5, "trend": 39.321067, "fair_value": 31.307321, "relative_strength": 23.984823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.696066, "energy": 94.235662, "activity_lines": [ 47.866667, 45.736, 43.516048, 41.652211 ] }, { "date": "2024-03-01", "close": 49.720001, "volume": 0, "typical_volume": 117.5, "trend": 39.828267, "fair_value": 31.490013, "relative_strength": 25.450699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.599118, "energy": 94.481484, "activity_lines": [ 48.808667, 46.738182, 44.303077, 42.32311 ] }, { "date": "2024-03-08", "close": 49.259998, "volume": 0, "typical_volume": 117.5, "trend": 40.347867, "fair_value": 31.65068, "relative_strength": 23.085702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.974307, "energy": 87.49936, "activity_lines": [ 49.137999, 47.512727, 44.970733, 42.931609 ] }, { "date": "2024-03-15", "close": 50.189999, "volume": 300, "typical_volume": 107.5, "trend": 40.891533, "fair_value": 31.818257, "relative_strength": 23.231634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.291482, "energy": 72.709267, "activity_lines": [ 49.532666, 48.309091, 45.657248, 43.566585 ] }, { "date": "2024-03-22", "close": 53.869999, "volume": 50, "typical_volume": 95.0, "trend": 41.529067, "fair_value": 32.008603, "relative_strength": 27.762981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.95148, "energy": 78.113232, "activity_lines": [ 51.067999, 49.59709, 46.629848, 44.403905 ] }, { "date": "2024-03-29", "close": 54.290001, "volume": 250, "typical_volume": 105.0, "trend": 42.139667, "fair_value": 32.199244, "relative_strength": 26.303628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.200218, "energy": 76.524032, "activity_lines": [ 52.382666, 50.734363, 47.567676, 45.227191 ] }, { "date": "2024-04-05", "close": 53.459999, "volume": 0, "typical_volume": 95.0, "trend": 42.692333, "fair_value": 32.378282, "relative_strength": 22.268504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.417724, "energy": 71.034518, "activity_lines": [ 53.047333, 51.512545, 48.355667, 45.957535 ] }, { "date": "2024-04-12", "close": 56.119999, "volume": 150, "typical_volume": 100.0, "trend": 43.365267, "fair_value": 32.5745, "relative_strength": 27.548743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.998744, "energy": 75.855136, "activity_lines": [ 54.349333, 52.58109, 49.332285, 46.823836 ] }, { "date": "2024-04-19", "close": 55.029999, "volume": 0, "typical_volume": 100.0, "trend": 44.0188, "fair_value": 32.771039, "relative_strength": 24.639651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.241681, "energy": 69.729182, "activity_lines": [ 54.830666, 53.259999, 50.131095, 47.5764 ] }, { "date": "2024-04-26", "close": 59.299999, "volume": 400, "typical_volume": 120.0, "trend": 44.833733, "fair_value": 32.992192, "relative_strength": 32.759383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.716938, "energy": 76.543102, "activity_lines": [ 56.412666, 54.603817, 51.268285, 48.562284 ] }, { "date": "2024-05-03", "close": 58.66, "volume": 400, "typical_volume": 122.5, "trend": 45.634133, "fair_value": 33.218346, "relative_strength": 28.802494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.745137, "energy": 73.398312, "activity_lines": [ 57.419333, 55.634181, 52.258857, 49.454301 ] }, { "date": "2024-05-10", "close": 60.330002, "volume": 0, "typical_volume": 122.5, "trend": 46.516733, "fair_value": 33.461808, "relative_strength": 28.161878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.460964, "energy": 85.007169, "activity_lines": [ 58.691334, 56.786909, 53.328476, 50.402421 ] }, { "date": "2024-05-17", "close": 58.189999, "volume": 0, "typical_volume": 122.5, "trend": 47.3024, "fair_value": 33.69341, "relative_strength": 20.920112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.375317, "energy": 68.394104, "activity_lines": [ 58.792, 57.357636, 54.106047, 51.155535 ] }, { "date": "2024-05-24", "close": 58.259998, "volume": 0, "typical_volume": 110.0, "trend": 48.022133, "fair_value": 33.922833, "relative_strength": 20.633646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.614934, "energy": 66.950846, "activity_lines": [ 58.777999, 57.778727, 54.80919, 51.862477 ] }, { "date": "2024-05-31", "close": 56.650002, "volume": 300, "typical_volume": 125.0, "trend": 48.6382, "fair_value": 34.146231, "relative_strength": 18.627131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.863637, "energy": 63.35811, "activity_lines": [ 58.012, 57.760364, 55.274095, 52.419114 ] }, { "date": "2024-06-07", "close": 59.52, "volume": 0, "typical_volume": 125.0, "trend": 49.308067, "fair_value": 34.384564, "relative_strength": 24.846734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.162155, "energy": 62.767051, "activity_lines": [ 58.379333, 58.213273, 55.939619, 53.121165 ] }, { "date": "2024-06-14", "close": 60.73, "volume": 200, "typical_volume": 135.0, "trend": 50.003333, "fair_value": 34.624051, "relative_strength": 30.820102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.152886, "energy": 64.116455, "activity_lines": [ 59.092667, 58.791091, 56.640952, 53.858064 ] }, { "date": "2024-06-21", "close": 60.299999, "volume": 400, "typical_volume": 155.0, "trend": 50.660667, "fair_value": 34.850077, "relative_strength": 26.994857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.72017, "energy": 61.032561, "activity_lines": [ 59.636, 59.158545, 57.216095, 54.522365 ] }, { "date": "2024-06-28", "close": 58.119999, "volume": 20, "typical_volume": 123.5, "trend": 51.241667, "fair_value": 35.053923, "relative_strength": 21.135674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.730409, "energy": 52.773852, "activity_lines": [ 59.312, 59.053636, 57.513571, 55.003613 ] }, { "date": "2024-07-05", "close": 57.459999, "volume": 0, "typical_volume": 123.5, "trend": 51.78, "fair_value": 35.250782, "relative_strength": 16.012151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.112782, "energy": 43.701973, "activity_lines": [ 58.777333, 58.772545, 57.704285, 55.404795 ] }, { "date": "2024-07-12", "close": 53.040001, "volume": 0, "typical_volume": 123.5, "trend": 52.152667, "fair_value": 35.41918, "relative_strength": 6.746921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.120355, "energy": 14.812559, "activity_lines": [ 56.715333, 57.721273, 57.43119, 55.486086 ] }, { "date": "2024-07-19", "close": 49.150002, "volume": 0, "typical_volume": 123.5, "trend": 52.397667, "fair_value": 35.536616, "relative_strength": -0.375023, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -21.364972, "energy": 33.131387, "activity_lines": [ 53.788667, 56.064909, 56.766905, 55.292365 ] }, { "date": "2024-07-26", "close": 45.775002, "volume": 0, "typical_volume": 123.5, "trend": 52.5515, "fair_value": 35.629981, "relative_strength": -7.438884, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -51.560994, "energy": 62.54302, "activity_lines": [ 50.509001, 53.998182, 55.783905, 54.865097 ] }, { "date": "2024-08-02", "close": 47.400002, "volume": 128, "typical_volume": 114.9, "trend": 52.783833, "fair_value": 35.728122, "relative_strength": -0.600328, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.130154, "energy": 71.542014, "activity_lines": [ 48.739335, 52.452637, 54.972262, 54.532742 ] }, { "date": "2024-08-09", "close": 51.139999, "volume": 2213, "typical_volume": 223.05, "trend": 53.109167, "fair_value": 35.851712, "relative_strength": 5.657346, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.794715, "energy": 65.046687, "activity_lines": [ 48.931001, 51.784546, 54.530096, 54.426688 ] }, { "date": "2024-08-16", "close": 47.575001, "volume": 181, "typical_volume": 219.6, "trend": 53.267, "fair_value": 35.949564, "relative_strength": -3.796764, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.197867, "energy": 65.261427, "activity_lines": [ 48.355668, 50.568455, 53.761405, 54.069645 ] }, { "date": "2024-08-23", "close": 47.849998, "volume": 0, "typical_volume": 219.6, "trend": 53.434333, "fair_value": 36.047962, "relative_strength": -5.111682, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.808486, "energy": 42.915169, "activity_lines": [ 48.236333, 49.619546, 53.050881, 53.720161 ] }, { "date": "2024-08-30", "close": 50.040001, "volume": 0, "typical_volume": 212.1, "trend": 53.582667, "fair_value": 36.162898, "relative_strength": -2.125869, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.728576, "energy": 41.982304, "activity_lines": [ 48.933667, 49.303, 52.575643, 53.501172 ] }, { "date": "2024-09-06", "close": 48.450001, "volume": 170, "typical_volume": 220.6, "trend": 53.567667, "fair_value": 36.265782, "relative_strength": -1.55225, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.009061, "energy": 42.939333, "activity_lines": [ 48.816667, 48.88391, 51.977929, 53.170032 ] }, { "date": "2024-09-13", "close": 50.75, "volume": 0, "typical_volume": 200.6, "trend": 53.644, "fair_value": 36.382257, "relative_strength": 2.109722, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.068608, "energy": 31.513234, "activity_lines": [ 49.396334, 49.058819, 51.630596, 52.988247 ] }, { "date": "2024-09-20", "close": 51.779999, "volume": 40, "typical_volume": 182.6, "trend": 53.747, "fair_value": 36.503282, "relative_strength": 3.368609, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.348741, "energy": 22.777549, "activity_lines": [ 50.345333, 49.543, 51.422072, 52.867989 ] }, { "date": "2024-09-27", "close": 51.110001, "volume": 40, "typical_volume": 184.6, "trend": 53.793333, "fair_value": 36.631295, "relative_strength": 0.704932, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.659473, "energy": 20.334237, "activity_lines": [ 50.790667, 49.928273, 51.1825, 52.69786 ] }, { "date": "2024-10-04", "close": 51.650002, "volume": 0, "typical_volume": 184.6, "trend": 53.873, "fair_value": 36.758154, "relative_strength": 2.403914, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.963199, "energy": 21.353821, "activity_lines": [ 51.198667, 50.376091, 51.038262, 52.559581 ] }, { "date": "2024-10-11", "close": 53.75, "volume": 0, "typical_volume": 184.6, "trend": 53.991667, "fair_value": 36.898987, "relative_strength": 5.805142, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.181808, "energy": 17.97215, "activity_lines": [ 52.199334, 51.09891, 51.125167, 52.551645 ] }, { "date": "2024-10-18", "close": 54.220001, "volume": 0, "typical_volume": 169.6, "trend": 54.003334, "fair_value": 37.049949, "relative_strength": 5.845067, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.906864, "energy": 16.162334, "activity_lines": [ 53.003334, 51.791728, 51.27831, 52.566377 ] }, { "date": "2024-10-25", "close": 55.139999, "volume": 0, "typical_volume": 169.6, "trend": 54.031667, "fair_value": 37.206167, "relative_strength": 8.491406, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.949005, "energy": 27.205771, "activity_lines": [ 53.882667, 52.595818, 51.530643, 52.63971 ] }, { "date": "2024-11-01", "close": 53.650002, "volume": 250, "typical_volume": 172.1, "trend": 54.038, "fair_value": 37.348346, "relative_strength": 6.725162, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.72852, "energy": 37.000306, "activity_lines": [ 54.041334, 52.991455, 51.661929, 52.615086 ] }, { "date": "2024-11-08", "close": 55.130001, "volume": 0, "typical_volume": 152.1, "trend": 54.005, "fair_value": 37.495654, "relative_strength": 8.531114, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.072103, "energy": 48.055139, "activity_lines": [ 54.524001, 53.550728, 51.967882, 52.685538 ] }, { "date": "2024-11-15", "close": 56.060001, "volume": 0, "typical_volume": 151.1, "trend": 54.039334, "fair_value": 37.65309, "relative_strength": 9.65593, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.554813, "energy": 53.710851, "activity_lines": [ 55.084668, 54.186546, 52.387024, 52.818119 ] }, { "date": "2024-11-22", "close": 59.459999, "volume": 157, "typical_volume": 158.95, "trend": 54.044667, "fair_value": 37.843859, "relative_strength": 16.391953, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.408828, "energy": 61.763998, "activity_lines": [ 56.624667, 55.302182, 53.139786, 53.167839 ] }, { "date": "2024-11-29", "close": 58.490002, "volume": 4, "typical_volume": 159.15, "trend": 54.039, "fair_value": 38.038026, "relative_strength": 13.635641, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.72149, "energy": 69.824792, "activity_lines": [ 57.492001, 56.083092, 53.790643, 53.454635 ] }, { "date": "2024-12-06", "close": 61.91, "volume": 0, "typical_volume": 159.15, "trend": 54.091667, "fair_value": 38.240269, "relative_strength": 18.03422, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.938708, "energy": 80.79374, "activity_lines": [ 59.276001, 57.363819, 54.741262, 53.962441 ] }, { "date": "2024-12-13", "close": 62.049999, "volume": 0, "typical_volume": 159.15, "trend": 54.220334, "fair_value": 38.443026, "relative_strength": 15.524037, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.625849, "energy": 91.646803, "activity_lines": [ 60.556, 58.473637, 55.644453, 54.475882 ] }, { "date": "2024-12-20", "close": 60.110001, "volume": 0, "typical_volume": 152.75, "trend": 54.282, "fair_value": 38.630654, "relative_strength": 13.0677, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.817955, "energy": 83.248904, "activity_lines": [ 60.728, 59.041637, 56.285381, 54.855861 ] }, { "date": "2024-12-27", "close": 58.310001, "volume": 0, "typical_volume": 42.1, "trend": 54.337334, "fair_value": 38.807, "relative_strength": 7.873737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.189224, "energy": 65.866378, "activity_lines": [ 60.030001, 59.166728, 56.694358, 55.115732 ] }, { "date": "2025-01-03", "close": 58.16, "volume": 0, "typical_volume": 33.05, "trend": 54.292, "fair_value": 38.994949, "relative_strength": 6.426303, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.084924, "energy": 47.157194, "activity_lines": [ 59.358667, 59.190182, 57.054905, 55.362355 ] }, { "date": "2025-01-10", "close": 55.869999, "volume": 0, "typical_volume": 33.05, "trend": 54.13, "fair_value": 39.187128, "relative_strength": 1.808644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.223899, "energy": 24.909862, "activity_lines": [ 57.946, 58.742364, 57.146953, 55.464162 ] }, { "date": "2025-01-17", "close": 56.02, "volume": 0, "typical_volume": 33.05, "trend": 53.987334, "fair_value": 39.388154, "relative_strength": -1.653807, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.920229, "energy": 26.849502, "activity_lines": [ 56.986, 58.281455, 57.215096, 55.586097 ] }, { "date": "2025-01-24", "close": 53.889999, "volume": 0, "typical_volume": 24.55, "trend": 53.846334, "fair_value": 39.57418, "relative_strength": -7.17722, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.26532, "energy": 20.746053, "activity_lines": [ 55.718, 57.417091, 57.051905, 55.579817 ] }, { "date": "2025-01-31", "close": 56.380001, "volume": 0, "typical_volume": 24.55, "trend": 53.810334, "fair_value": 39.772705, "relative_strength": -3.534669, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.035894, "energy": 21.053882, "activity_lines": [ 55.694667, 57.044909, 57.099953, 55.74328 ] }, { "date": "2025-02-07", "close": 55.400002, "volume": 344, "typical_volume": 39.75, "trend": 53.889, "fair_value": 39.949692, "relative_strength": -5.54629, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.753857, "energy": 18.18066, "activity_lines": [ 55.473334, 56.550546, 57.027858, 55.845839 ] }, { "date": "2025-02-14", "close": 54.57, "volume": 0, "typical_volume": 37.75, "trend": 54.069667, "fair_value": 40.127321, "relative_strength": -11.521842, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.959898, "energy": 16.086704, "activity_lines": [ 55.159334, 55.961455, 56.859477, 55.889775 ] }, { "date": "2025-02-21", "close": 50.110001, "volume": 4, "typical_volume": 37.95, "trend": 54.214167, "fair_value": 40.279757, "relative_strength": -17.840303, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.600551, "energy": 50.384827, "activity_lines": [ 53.445334, 54.69491, 56.249858, 55.634312 ] }, { "date": "2025-02-28", "close": 50.650002, "volume": 0, "typical_volume": 37.95, "trend": 54.3225, "fair_value": 40.437898, "relative_strength": -18.680213, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.919972, "energy": 58.758542, "activity_lines": [ 52.305335, 53.743637, 55.699001, 55.404366 ] }, { "date": "2025-03-07", "close": 45.0, "volume": 0, "typical_volume": 37.95, "trend": 54.117834, "fair_value": 40.549821, "relative_strength": -29.787353, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.425749, "energy": 78.21379, "activity_lines": [ 49.498001, 51.937092, 54.62481, 54.802914 ] }, { "date": "2025-03-14", "close": 45.974998, "volume": 0, "typical_volume": 37.95, "trend": 54.0645, "fair_value": 40.662096, "relative_strength": -28.012079, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.94987, "energy": 81.210692, "activity_lines": [ 47.774333, 50.549818, 53.687381, 54.27757 ] }, { "date": "2025-03-21", "close": 44.669998, "volume": 22, "typical_volume": 26.55, "trend": 53.9585, "fair_value": 40.767417, "relative_strength": -28.975826, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.263647, "energy": 92.197349, "activity_lines": [ 46.243999, 49.146818, 52.66931, 53.671473 ] }, { "date": "2025-03-28", "close": 46.330002, "volume": 0, "typical_volume": 26.55, "trend": 53.834834, "fair_value": 40.880558, "relative_strength": -24.440591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.721019, "energy": 87.118071, "activity_lines": [ 45.927, 48.249273, 51.852095, 53.179312 ] }, { "date": "2025-04-04", "close": 43.799999, "volume": 54, "typical_volume": 29.25, "trend": 53.679834, "fair_value": 40.978481, "relative_strength": -20.374852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.845397, "energy": 86.507517, "activity_lines": [ 45.018666, 47.067909, 50.835833, 52.531903 ] }, { "date": "2025-04-11", "close": 43.599998, "volume": 487, "typical_volume": 45.75, "trend": 53.4415, "fair_value": 41.066968, "relative_strength": -19.313948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.229397, "energy": 64.363288, "activity_lines": [ 44.500332, 46.033636, 49.858905, 51.881591 ] }, { "date": "2025-04-18", "close": 42.185001, "volume": 0, "typical_volume": 45.55, "trend": 53.121667, "fair_value": 41.158051, "relative_strength": -25.445438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.364307, "energy": 65.46584, "activity_lines": [ 43.603666, 44.974454, 48.822738, 51.155366 ] }, { "date": "2025-04-25", "close": 44.505001, "volume": 0, "typical_volume": 45.55, "trend": 52.9015, "fair_value": 41.26375, "relative_strength": -23.577583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.881316, "energy": 58.241735, "activity_lines": [ 43.733, 44.577364, 48.085167, 50.599452 ] }, { "date": "2025-05-02", "close": 45.195, "volume": 0, "typical_volume": 45.55, "trend": 52.686334, "fair_value": 41.390282, "relative_strength": -22.939312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.944497, "energy": 52.861937, "activity_lines": [ 44.103333, 44.488727, 47.496191, 50.102258 ] }, { "date": "2025-05-09", "close": 44.029999, "volume": 0, "typical_volume": 45.55, "trend": 52.362334, "fair_value": 41.508628, "relative_strength": -27.643987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.8788, "energy": 49.958228, "activity_lines": [ 44.161, 44.277636, 46.876524, 49.543785 ] }, { "date": "2025-05-16", "close": 46.654999, "volume": 724, "typical_volume": 81.75, "trend": 52.110167, "fair_value": 41.652571, "relative_strength": -25.019301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.545923, "energy": 34.146218, "activity_lines": [ 45.078333, 44.664181, 46.583428, 49.17557 ] }, { "date": "2025-05-23", "close": 44.200001, "volume": 201, "typical_volume": 91.8, "trend": 51.7455, "fair_value": 41.771263, "relative_strength": -27.539144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.563267, "energy": 33.78343, "activity_lines": [ 44.973667, 44.574273, 46.112024, 48.665237 ] }, { "date": "2025-05-30", "close": 43.849998, "volume": 0, "typical_volume": 91.8, "trend": 51.418833, "fair_value": 41.889019, "relative_strength": -28.274707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.813656, "energy": 35.470006, "activity_lines": [ 44.617999, 44.453, 45.673762, 48.155849 ] }, { "date": "2025-06-06", "close": 46.044998, "volume": 216, "typical_volume": 102.6, "trend": 51.116, "fair_value": 42.024539, "relative_strength": -24.437254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.618237, "energy": 29.186881, "activity_lines": [ 45.037665, 44.745727, 45.501785, 47.80915 ] }, { "date": "2025-06-13", "close": 43.615002, "volume": 0, "typical_volume": 102.6, "trend": 50.701167, "fair_value": 42.151891, "relative_strength": -26.138317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.552197, "energy": 39.686858, "activity_lines": [ 44.590666, 44.601818, 45.145881, 47.325215 ] }, { "date": "2025-06-20", "close": 45.459999, "volume": 0, "typical_volume": 102.6, "trend": 50.2345, "fair_value": 42.283481, "relative_strength": -21.953603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.288357, "energy": 31.335208, "activity_lines": [ 44.786333, 44.796727, 45.014619, 46.987075 ] }, { "date": "2025-06-27", "close": 46.669998, "volume": 0, "typical_volume": 85.4, "trend": 49.8405, "fair_value": 42.424032, "relative_strength": -20.775339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.231107, "energy": 15.72209, "activity_lines": [ 45.464999, 45.177817, 45.050595, 46.757107 ] }, { "date": "2025-07-04", "close": 48.73, "volume": 0, "typical_volume": 85.4, "trend": 49.401167, "fair_value": 42.567507, "relative_strength": -16.096672, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.303073, "energy": 8.367308, "activity_lines": [ 46.665666, 45.851908, 45.324333, 46.685462 ] }, { "date": "2025-07-11", "close": 47.665001, "volume": 0, "typical_volume": 85.2, "trend": 48.921667, "fair_value": 42.708, "relative_strength": -19.308858, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.647576, "energy": 17.93222, "activity_lines": [ 47.186, 46.255545, 45.524452, 46.573451 ] }, { "date": "2025-07-18", "close": 46.134998, "volume": 215, "typical_volume": 95.95, "trend": 48.455833, "fair_value": 42.834096, "relative_strength": -21.584024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.127888, "energy": 18.830476, "activity_lines": [ 47.088333, 46.33609, 45.590499, 46.393666 ] }, { "date": "2025-07-25", "close": 39.59, "volume": 724, "typical_volume": 132.15, "trend": 47.831833, "fair_value": 42.892878, "relative_strength": -33.661265, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.687914, "energy": 29.258487, "activity_lines": [ 44.641, 45.188363, 45.054714, 45.821677 ] }, { "date": "2025-08-01", "close": 37.235001, "volume": 375, "typical_volume": 150.9, "trend": 47.134333, "fair_value": 42.931051, "relative_strength": -35.466626, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.669563, "energy": 77.050867, "activity_lines": [ 41.8, 43.740909, 44.320404, 45.13801 ] }, { "date": "2025-08-08", "close": 36.099998, "volume": 0, "typical_volume": 149.8, "trend": 46.475333, "fair_value": 42.958026, "relative_strength": -40.334095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.766788, "energy": 90.251856, "activity_lines": [ 39.209666, 42.213727, 43.519619, 44.426118 ] }, { "date": "2025-08-15", "close": 37.400002, "volume": 0, "typical_volume": 149.8, "trend": 45.854667, "fair_value": 42.984692, "relative_strength": -39.292471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.799538, "energy": 88.913525, "activity_lines": [ 37.894667, 41.063818, 42.883452, 43.840613 ] }, { "date": "2025-08-22", "close": 36.955002, "volume": 40, "typical_volume": 149.1, "trend": 45.290167, "fair_value": 43.011353, "relative_strength": -38.778857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.593151, "energy": 88.749487, "activity_lines": [ 37.115668, 39.990182, 42.247429, 43.266441 ] }, { "date": "2025-08-29", "close": 35.810001, "volume": 0, "typical_volume": 124.75, "trend": 44.6045, "fair_value": 43.033007, "relative_strength": -37.929551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.3685, "energy": 90.375283, "activity_lines": [ 36.567001, 38.829455, 41.534952, 42.654817 ] }, { "date": "2025-09-05", "close": 35.099998, "volume": 0, "typical_volume": 124.75, "trend": 43.927833, "fair_value": 43.037673, "relative_strength": -38.379961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.439968, "energy": 88.242551, "activity_lines": [ 36.033667, 37.715091, 40.791952, 42.041623 ] }, { "date": "2025-09-12", "close": 32.93, "volume": 100, "typical_volume": 129.75, "trend": 43.2065, "fair_value": 43.033173, "relative_strength": -42.187851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.306549, "energy": 89.818959, "activity_lines": [ 34.919333, 36.416546, 39.876024, 41.332086 ] }, { "date": "2025-09-19", "close": 33.43, "volume": 0, "typical_volume": 129.75, "trend": 42.6505, "fair_value": 43.042135, "relative_strength": -40.401744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.108554, "energy": 84.682753, "activity_lines": [ 34.183, 35.496182, 39.062833, 40.701344 ] }, { "date": "2025-09-26", "close": 33.845001, "volume": 131, "typical_volume": 136.3, "trend": 42.090333, "fair_value": 43.057269, "relative_strength": -39.344177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.203589, "energy": 82.269903, "activity_lines": [ 33.849667, 34.910091, 38.345191, 40.133247 ] }, { "date": "2025-10-03", "close": 35.029999, "volume": 90, "typical_volume": 104.6, "trend": 41.758, "fair_value": 43.087846, "relative_strength": -37.881632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.344379, "energy": 68.708852, "activity_lines": [ 34.118666, 34.762909, 37.788905, 39.677742 ] }, { "date": "2025-10-10", "close": 34.700001, "volume": 0, "typical_volume": 94.55, "trend": 41.382167, "fair_value": 43.107718, "relative_strength": -36.513485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.423826, "energy": 62.010982, "activity_lines": [ 34.329667, 34.638637, 37.256548, 39.222387 ] }, { "date": "2025-10-17", "close": 35.709999, "volume": 0, "typical_volume": 94.55, "trend": 41.0835, "fair_value": 43.138218, "relative_strength": -32.614161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.836694, "energy": 48.819843, "activity_lines": [ 34.904, 34.744091, 36.865619, 38.856441 ] }, { "date": "2025-10-24", "close": 35.419998, "volume": 240, "typical_volume": 95.75, "trend": 40.719833, "fair_value": 43.176013, "relative_strength": -33.559379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.139792, "energy": 47.119013, "activity_lines": [ 35.196333, 34.803909, 36.485833, 38.491054 ] }, { "date": "2025-10-31", "close": 27.57, "volume": 330, "typical_volume": 112.25, "trend": 40.178833, "fair_value": 43.174077, "relative_strength": -48.99769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.235514, "energy": 72.028123, "activity_lines": [ 32.739333, 33.472454, 35.409024, 37.642677 ] }, { "date": "2025-11-07", "close": 26.195, "volume": 100, "typical_volume": 117.25, "trend": 39.598667, "fair_value": 43.157276, "relative_strength": -50.136577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.939533, "energy": 95.320016, "activity_lines": [ 30.242333, 32.061636, 34.277667, 36.740494 ] }, { "date": "2025-11-14", "close": 26.915001, "volume": 40, "typical_volume": 119.25, "trend": 39.089666, "fair_value": 43.143756, "relative_strength": -48.904523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.908214, "energy": 94.087203, "activity_lines": [ 28.574333, 30.956545, 33.306619, 35.922193 ] }, { "date": "2025-11-21", "close": 27.32, "volume": 0, "typical_volume": 119.25, "trend": 38.516833, "fair_value": 43.132115, "relative_strength": -46.383118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.255502, "energy": 89.443771, "activity_lines": [ 27.560333, 30.073909, 32.468214, 35.16286 ] }, { "date": "2025-11-28", "close": 29.924999, "volume": 293, "typical_volume": 133.9, "trend": 38.007833, "fair_value": 43.127096, "relative_strength": -42.76507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.954758, "energy": 86.183951, "activity_lines": [ 27.974, 29.766909, 31.979857, 34.608548 ] }, { "date": "2025-12-05", "close": 29.025, "volume": 1354, "typical_volume": 190.85, "trend": 37.507666, "fair_value": 43.126231, "relative_strength": -44.081973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.991389, "energy": 65.718968, "activity_lines": [ 28.454, 29.36, 31.490262, 34.029011 ] }, { "date": "2025-12-12", "close": 30.705, "volume": 1615, "typical_volume": 235.4, "trend": 36.976, "fair_value": 43.146289, "relative_strength": -39.847728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.329247, "energy": 53.398016, "activity_lines": [ 29.397, 29.346182, 31.242143, 33.590129 ] }, { "date": "2025-12-19", "close": 32.299999, "volume": 873, "typical_volume": 260.3, "trend": 36.579333, "fair_value": 43.183981, "relative_strength": -37.031081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.756371, "energy": 32.358895, "activity_lines": [ 30.571, 29.701, 31.188238, 33.288451 ] }, { "date": "2025-12-26", "close": 31.674999, "volume": 293, "typical_volume": 274.95, "trend": 36.1735, "fair_value": 43.218487, "relative_strength": -37.162301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.947745, "energy": 29.34489, "activity_lines": [ 31.177666, 29.985818, 31.098309, 32.972043 ] }, { "date": "2026-01-02", "close": 31.959999, "volume": 0, "typical_volume": 274.95, "trend": 35.704, "fair_value": 43.256256, "relative_strength": -36.570916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.131839, "energy": 30.200051, "activity_lines": [ 31.588999, 30.395818, 31.056595, 32.700204 ] }, { "date": "2026-01-09", "close": 34.189999, "volume": 2017, "typical_volume": 373.8, "trend": 35.389833, "fair_value": 43.296731, "relative_strength": -31.537037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.128769, "energy": 22.468893, "activity_lines": [ 32.607999, 31.274181, 31.253166, 32.602527 ] }, { "date": "2026-01-16", "close": 34.790001, "volume": 634, "typical_volume": 405.5, "trend": 35.034166, "fair_value": 43.336923, "relative_strength": -29.957261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.771466, "energy": 29.807914, "activity_lines": [ 33.482666, 32.141272, 31.520047, 32.563828 ] }, { "date": "2026-01-23", "close": 34.665001, "volume": 634, "typical_volume": 437.2, "trend": 34.634, "fair_value": 43.369468, "relative_strength": -29.674559, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.554198, "energy": 32.042771, "activity_lines": [ 34.043334, 32.829363, 31.779881, 32.540011 ] }, { "date": "2026-01-30", "close": 32.43, "volume": 2219, "typical_volume": 543.15, "trend": 34.090667, "fair_value": 43.375301, "relative_strength": -33.963238, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 5.901192, "energy": 31.79636, "activity_lines": [ 33.701334, 32.970182, 31.828928, 32.397817 ] }, { "date": "2026-02-06", "close": 33.939999, "volume": 4211, "typical_volume": 753.7, "trend": 33.633167, "fair_value": 43.402224, "relative_strength": -30.360985, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.23575, "energy": 46.930776, "activity_lines": [ 33.812333, 33.292636, 32.024166, 32.388097 ] }, { "date": "2026-02-13", "close": 30.65, "volume": 951, "typical_volume": 794.7, "trend": 33.117, "fair_value": 43.405878, "relative_strength": -35.490232, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -30.986337, "energy": 15.896997, "activity_lines": [ 32.694667, 32.943909, 31.903643, 32.195634 ] }, { "date": "2026-02-20", "close": 31.674999, "volume": 1268, "typical_volume": 853.6, "trend": 32.853167, "fair_value": 43.428974, "relative_strength": -34.421958, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.423907, "energy": 22.417099, "activity_lines": [ 32.154666, 32.752, 31.895952, 32.102602 ] }, { "date": "2026-02-27", "close": 31.309999, "volume": 634, "typical_volume": 885.3, "trend": 32.655666, "fair_value": 43.447603, "relative_strength": -32.933527, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.233941, "energy": 27.756986, "activity_lines": [ 31.700666, 32.47609, 31.869476, 32.003043 ] }, { "date": "2026-03-06", "close": 30.844999, "volume": 634, "typical_volume": 917.0, "trend": 32.4805, "fair_value": 43.455276, "relative_strength": -29.49386, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.697343, "energy": 35.269037, "activity_lines": [ 31.315332, 32.133636, 31.814857, 31.886225 ] }, { "date": "2026-03-13", "close": 28.475, "volume": 1600, "typical_volume": 985.0, "trend": 32.183, "fair_value": 43.444782, "relative_strength": -32.32282, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.436625, "energy": 56.723294, "activity_lines": [ 30.245666, 31.375363, 31.55769, 31.627806 ] }, { "date": "2026-03-20", "close": 28.959999, "volume": 951, "typical_volume": 1016.05, "trend": 31.9165, "fair_value": 43.438423, "relative_strength": -29.43198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.214214, "energy": 66.383948, "activity_lines": [ 29.701999, 30.768636, 31.379785, 31.419871 ] }, { "date": "2026-03-27", "close": 26.975, "volume": 426, "typical_volume": 1032.35, "trend": 31.622, "fair_value": 43.410801, "relative_strength": -34.259728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.532187, "energy": 78.925767, "activity_lines": [ 28.609333, 29.89609, 31.006214, 31.101064 ] }, { "date": "2026-04-03", "close": 28.605, "volume": 0, "typical_volume": 1030.35, "trend": 31.4055, "fair_value": 43.396141, "relative_strength": -31.589595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.932706, "energy": 71.712058, "activity_lines": [ 28.373333, 29.462, 30.784166, 30.906419 ] }, { "date": "2026-04-10", "close": 29.1, "volume": 0, "typical_volume": 1030.35, "trend": 31.277833, "fair_value": 43.381269, "relative_strength": -33.548991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.250455, "energy": 62.629627, "activity_lines": [ 28.482667, 29.228091, 30.601214, 30.757677 ] }, { "date": "2026-04-17", "close": 30.700001, "volume": 0, "typical_volume": 1015.7, "trend": 31.186833, "fair_value": 43.36791, "relative_strength": -30.594319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.370389, "energy": 37.529848, "activity_lines": [ 29.241667, 29.345636, 30.562166, 30.720398 ] }, { "date": "2026-04-24", "close": 29.0, "volume": 0, "typical_volume": 948.0, "trend": 31.025333, "fair_value": 43.319526, "relative_strength": -31.057931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.519992, "energy": 25.663536, "activity_lines": [ 29.285667, 29.213, 30.357524, 30.579312 ] }, { "date": "2026-05-01", "close": 29.35, "volume": 0, "typical_volume": 867.25, "trend": 30.836, "fair_value": 43.271795, "relative_strength": -29.624925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.088698, "energy": 19.872951, "activity_lines": [ 29.443667, 29.174, 30.186333, 30.471226 ] }, { "date": "2026-05-08", "close": 27.950001, "volume": 0, "typical_volume": 823.6, "trend": 30.611, "fair_value": 43.209141, "relative_strength": -33.017111, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.71905, "energy": 27.998243, "activity_lines": [ 28.976667, 28.922728, 29.888262, 30.285032 ] }, { "date": "2026-05-15", "close": 28.15, "volume": 0, "typical_volume": 808.95, "trend": 30.359, "fair_value": 43.140641, "relative_strength": -31.199821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.252541, "energy": 44.656589, "activity_lines": [ 28.62, 28.768909, 29.629952, 30.126258 ] }, { "date": "2026-05-22", "close": 28.049999, "volume": 0, "typical_volume": 808.95, "trend": 30.113333, "fair_value": 43.071731, "relative_strength": -31.83874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.009649, "energy": 54.937821, "activity_lines": [ 28.293333, 28.645909, 29.378905, 29.97729 ] }, { "date": "2026-05-29", "close": 27.9, "volume": 0, "typical_volume": 708.1, "trend": 30.124333, "fair_value": 43.003115, "relative_strength": -33.029755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.768438, "energy": 60.255362, "activity_lines": [ 28.093333, 28.503364, 29.13219, 29.834494 ] }, { "date": "2026-06-05", "close": 25.6, "volume": 0, "typical_volume": 676.4, "trend": 30.1045, "fair_value": 42.925167, "relative_strength": -36.795282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.042838, "energy": 72.890238, "activity_lines": [ 27.2, 27.961909, 28.696381, 29.542602 ] }, { "date": "2026-06-12", "close": 27.9, "volume": 0, "typical_volume": 644.7, "trend": 30.137333, "fair_value": 42.863449, "relative_strength": -31.945261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.270884, "energy": 57.413587, "activity_lines": [ 27.323333, 27.863636, 28.523381, 29.400376 ] }, { "date": "2026-06-19", "close": 28.35, "volume": 0, "typical_volume": 533.75, "trend": 30.171666, "fair_value": 42.803923, "relative_strength": -32.478029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.164425, "energy": 41.747513, "activity_lines": [ 27.6, 27.86, 28.425452, 29.285064 ] }, { "date": "2026-06-26", "close": 29.299999, "volume": 2190, "typical_volume": 432.7, "trend": 30.150833, "fair_value": 42.742077, "relative_strength": -27.596536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.608367, "energy": 28.04811, "activity_lines": [ 28.18, 28.042727, 28.437428, 29.228828 ] }, { "date": "2026-07-03", "close": 30.950001, "volume": 0, "typical_volume": 385.15, "trend": 30.215, "fair_value": 42.696141, "relative_strength": -23.897052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.145232, "energy": 15.024606, "activity_lines": [ 29.226667, 28.550909, 28.628643, 29.280387 ] }, { "date": "2026-07-10", "close": 31.0, "volume": 7020, "typical_volume": 672.75, "trend": 30.224833, "fair_value": 42.658423, "relative_strength": -21.393525, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.961739, "energy": 26.265987, "activity_lines": [ 30.086667, 29.032727, 28.82319, 29.331032 ] }, { "date": "2026-07-17", "close": 30.75, "volume": 548, "typical_volume": 668.45, "trend": 30.173166, "fair_value": 42.612026, "relative_strength": -19.163402, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.848698, "energy": 34.345403, "activity_lines": [ 30.503333, 29.439091, 28.997143, 29.364914 ] }, { "date": "2026-07-24", "close": 28.450001, "volume": 5570, "typical_volume": 915.25, "trend": 30.065667, "fair_value": 42.572449, "relative_strength": -25.242243, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.667322, "energy": 21.866791, "activity_lines": [ 29.963334, 29.376364, 28.954714, 29.253742 ] }, { "date": "2026-07-31", "close": 32.549999, "volume": 3109, "typical_volume": 990.7, "trend": 30.085333, "fair_value": 42.559923, "relative_strength": -13.561293, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.471761, "energy": 42.040049, "activity_lines": [ 30.783333, 30.053636, 29.314167, 29.414021 ] }, { "date": "2026-08-07", "close": 28.6, "volume": 3480, "typical_volume": 1117.15, "trend": 29.899, "fair_value": 42.52741, "relative_strength": -25.451654, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.981324, "energy": 8.596635, "activity_lines": [ 30.07, 29.930909, 29.278024, 29.318194 ] } ], "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." } } }