{ "ticker": { "uuid": "4908d48c-6d52-409a-b710-5f9767dd4f5e", "symbol": "HEX", "name": "Hexagon Composites ASA", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 91.163, "architecture_energy": 86.33, "architecture_maturity": 22.0, "architecture_confidence": 74.648, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 24.01, "rotation_up": 82.25, "upward_expansion": 90.73, "deceleration": 44.83, "rotation_down": 8.08, "downward_expansion": 17.4 }, "activity_lines": [ 11.495667, 10.374545, 9.993857, 9.792839 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 13.78, "trend_reference": 9.424167, "distance_from_trend": 0.462198, "trend_direction": "Improving", "fair_value": 22.31766, "distance_from_fair_value": -0.382552, "fair_value_direction": "Improving", "relative_strength": 24.130742, "relative_strength_direction": "Improving", "price_momentum": 0.718204, "excess_performance": 0.593211, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.462198, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.093756, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.382552, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.21166, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.241307, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.547439, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.718204, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.337741, "read": "Demand-led" } ], "volume": { "latest": 31866593, "relative_activity": 3.784904, "balance": 5.337741, "dry_up": 1.68846, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.086469, "annualized_volatility": 0.537848, "from_high_reference": -0.311, "from_low_reference": 1.187302 }, "levels": { "trend_reference": 9.424167, "fair_value_reference": 22.31766, "structural_low": 7.7, "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": 15, "median_return": -0.060132, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.042404, "regime_survival": 0.733333, "best_return": 0.351667, "worst_return": -0.273835, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.033595, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.048294, "regime_survival": 0.333333, "best_return": 0.437063, "worst_return": -0.593258, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.163139, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.181589, "regime_survival": 0.25, "best_return": 0.555944, "worst_return": -0.58427, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.192527, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.306955, "regime_survival": 0.0, "best_return": -0.031908, "worst_return": -0.353147, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-31", "end": "2024-06-28", "tenure": "Developing", "return": 0.047203, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-10-25", "tenure": "Established", "return": 0.346154, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-11-08", "tenure": "New", "return": 0.115339, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-17", "tenure": "Developing", "return": -0.093989, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": -0.036176, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": -0.194222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2026-02-27", "tenure": "Extended", "return": -0.658385, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": 0.208582, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": -0.003891, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-05", "tenure": "Developing", "return": -0.168363, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": -0.005959, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": 0.154748, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-07-31", "tenure": "New", "return": 0.061165, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 31.08, "volume": 1144334, "typical_volume": 781971.1, "trend": 24.978766, "fair_value": 27.697326, "relative_strength": 30.396359, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.266041, "energy": 77.21806, "activity_lines": [ 28.781334, 26.746386, 24.717165, 24.657118 ] }, { "date": "2023-08-25", "close": 35.720001, "volume": 1931975, "typical_volume": 854556.25, "trend": 25.327915, "fair_value": 27.696413, "relative_strength": 48.787633, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 94.140759, "energy": 94.899065, "activity_lines": [ 31.377334, 28.691123, 25.841784, 25.350101 ] }, { "date": "2023-09-01", "close": 37.759998, "volume": 1971684, "typical_volume": 922776.15, "trend": 25.652696, "fair_value": 27.712584, "relative_strength": 51.174618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.931783, "energy": 96.541424, "activity_lines": [ 33.921333, 30.74757, 27.107967, 26.15217 ] }, { "date": "2023-09-08", "close": 37.580002, "volume": 1566745, "typical_volume": 979158.85, "trend": 26.067927, "fair_value": 27.720479, "relative_strength": 48.559541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.30453, "energy": 93.584968, "activity_lines": [ 35.757334, 32.448, 28.293114, 26.921674 ] }, { "date": "2023-09-15", "close": 36.279999, "volume": 2053077, "typical_volume": 1058710.4, "trend": 26.355623, "fair_value": 27.725826, "relative_strength": 38.117935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.144821, "energy": 87.760548, "activity_lines": [ 36.501333, 33.607636, 29.289445, 27.580517 ] }, { "date": "2023-09-22", "close": 33.639999, "volume": 693345, "typical_volume": 1070974.1, "trend": 26.566546, "fair_value": 27.722485, "relative_strength": 26.988159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.972783, "energy": 73.706558, "activity_lines": [ 35.82, 34.071273, 29.979397, 28.050477 ] }, { "date": "2023-09-29", "close": 27.42, "volume": 8082457, "typical_volume": 1423016.2, "trend": 26.473174, "fair_value": 27.671483, "relative_strength": 3.744126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.299733, "energy": 39.237987, "activity_lines": [ 32.894666, 33.226909, 30.027517, 28.105539 ] }, { "date": "2023-10-06", "close": 26.879999, "volume": 983876, "typical_volume": 1452509.25, "trend": 26.387829, "fair_value": 27.607896, "relative_strength": 4.385672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.170517, "energy": 25.247012, "activity_lines": [ 30.342666, 32.235636, 29.992785, 28.131785 ] }, { "date": "2023-10-13", "close": 26.780001, "volume": 907799, "typical_volume": 1470342.7, "trend": 26.374677, "fair_value": 27.550343, "relative_strength": -1.201677, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.882767, "energy": 28.901415, "activity_lines": [ 28.482667, 31.247273, 29.926968, 28.157087 ] }, { "date": "2023-10-20", "close": 25.620001, "volume": 889036, "typical_volume": 1487755.75, "trend": 26.380015, "fair_value": 27.509835, "relative_strength": -3.046876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.34808, "energy": 28.847242, "activity_lines": [ 26.956, 30.064727, 29.723246, 28.108398 ] }, { "date": "2023-10-27", "close": 25.68, "volume": 989836, "typical_volume": 1470418.4, "trend": 26.386333, "fair_value": 27.480571, "relative_strength": -2.636202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.256787, "energy": 38.279909, "activity_lines": [ 26.16, 28.938182, 29.505958, 28.063236 ] }, { "date": "2023-11-03", "close": 27.42, "volume": 925229, "typical_volume": 1458748.95, "trend": 26.478718, "fair_value": 27.443678, "relative_strength": 1.624112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.211592, "energy": 32.999705, "activity_lines": [ 26.474667, 28.226182, 29.43358, 28.129924 ] }, { "date": "2023-11-10", "close": 24.299999, "volume": 1125252, "typical_volume": 1477787.6, "trend": 26.477309, "fair_value": 27.387319, "relative_strength": -9.951294, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.999842, "energy": 40.050348, "activity_lines": [ 25.749333, 27.097818, 29.035697, 27.989362 ] }, { "date": "2023-11-17", "close": 26.08, "volume": 595631, "typical_volume": 1469381.55, "trend": 26.549012, "fair_value": 27.330621, "relative_strength": -4.53551, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.420282, "energy": 29.609849, "activity_lines": [ 25.789333, 26.537818, 28.786762, 27.963729 ] }, { "date": "2023-11-24", "close": 25.459999, "volume": 458029, "typical_volume": 1398225.3, "trend": 26.573002, "fair_value": 27.257931, "relative_strength": -8.300853, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.31369, "energy": 27.865089, "activity_lines": [ 25.669333, 26.074182, 28.453809, 27.89347 ] }, { "date": "2023-12-01", "close": 26.4, "volume": 1069328, "typical_volume": 1423420.3, "trend": 26.677826, "fair_value": 27.168567, "relative_strength": -4.276249, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.736739, "energy": 25.111611, "activity_lines": [ 25.873333, 25.978182, 28.205333, 27.882308 ] }, { "date": "2023-12-08", "close": 26.059999, "volume": 579865, "typical_volume": 1431896.8, "trend": 26.852457, "fair_value": 27.057395, "relative_strength": -4.776742, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.694449, "energy": 17.954704, "activity_lines": [ 25.915999, 25.952, 27.912571, 27.842449 ] }, { "date": "2023-12-15", "close": 26.66, "volume": 981077, "typical_volume": 1453882.65, "trend": 26.996057, "fair_value": 26.989326, "relative_strength": -2.831997, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.563289, "energy": 14.286003, "activity_lines": [ 26.249333, 26.059636, 27.670666, 27.830032 ] }, { "date": "2023-12-22", "close": 26.719999, "volume": 482281, "typical_volume": 1420947.25, "trend": 27.186054, "fair_value": 26.909619, "relative_strength": -2.756174, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.84446, "energy": 9.764694, "activity_lines": [ 26.445333, 26.182181, 27.441047, 27.812222 ] }, { "date": "2023-12-29", "close": 28.879999, "volume": 462342, "typical_volume": 1394659.9, "trend": 27.42968, "fair_value": 26.826338, "relative_strength": 3.784795, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.135925, "energy": 12.043543, "activity_lines": [ 27.318666, 26.698545, 27.421809, 27.921509 ] }, { "date": "2024-01-05", "close": 27.4, "volume": 496133, "typical_volume": 1362249.85, "trend": 27.632648, "fair_value": 26.678858, "relative_strength": -2.477446, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.121505, "energy": 10.52348, "activity_lines": [ 27.470666, 26.886545, 27.257904, 27.919594 ] }, { "date": "2024-01-12", "close": 28.1, "volume": 515340, "typical_volume": 1291418.1, "trend": 27.853846, "fair_value": 26.515993, "relative_strength": 1.457191, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.841623, "energy": 12.097576, "activity_lines": [ 27.789333, 27.170545, 27.17819, 27.949745 ] }, { "date": "2024-01-19", "close": 24.559999, "volume": 1033526, "typical_volume": 1244510.2, "trend": 28.006545, "fair_value": 26.329208, "relative_strength": -9.712148, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.552436, "energy": 20.208134, "activity_lines": [ 26.791999, 26.798545, 26.797619, 27.737239 ] }, { "date": "2024-01-26", "close": 24.440001, "volume": 489867, "typical_volume": 1190666.3, "trend": 28.126667, "fair_value": 26.180664, "relative_strength": -11.05714, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.979877, "energy": 39.131872, "activity_lines": [ 25.894667, 26.4, 26.468476, 27.50714 ] }, { "date": "2024-02-02", "close": 24.1, "volume": 761804, "typical_volume": 1126102.65, "trend": 28.116667, "fair_value": 26.019636, "relative_strength": -10.450278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.073007, "energy": 58.666963, "activity_lines": [ 25.036, 25.969454, 26.169524, 27.247355 ] }, { "date": "2024-02-09", "close": 23.280001, "volume": 857815, "typical_volume": 1134326.15, "trend": 28.096, "fair_value": 25.834705, "relative_strength": -11.198687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.0926, "energy": 73.259216, "activity_lines": [ 24.222667, 25.414546, 25.850476, 26.935312 ] }, { "date": "2024-02-16", "close": 20.0, "volume": 1888654, "typical_volume": 824636.0, "trend": 27.938, "fair_value": 25.661135, "relative_strength": -24.673465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.132555, "energy": 85.275599, "activity_lines": [ 22.590667, 24.32, 25.268381, 26.412989 ] }, { "date": "2024-02-23", "close": 20.32, "volume": 3076282, "typical_volume": 929256.3, "trend": 27.680667, "fair_value": 25.539911, "relative_strength": -22.838398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.360277, "energy": 85.048901, "activity_lines": [ 21.605334, 23.393818, 24.752095, 25.921505 ] }, { "date": "2024-03-01", "close": 21.26, "volume": 3008056, "typical_volume": 1034269.15, "trend": 27.466, "fair_value": 25.428149, "relative_strength": -19.629941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.036771, "energy": 79.933224, "activity_lines": [ 21.216, 22.753818, 24.356571, 25.507269 ] }, { "date": "2024-03-08", "close": 19.940001, "volume": 2158737, "typical_volume": 1097754.2, "trend": 27.194, "fair_value": 25.316806, "relative_strength": -24.261928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.794327, "energy": 81.074045, "activity_lines": [ 20.598667, 21.973091, 23.861619, 25.02172 ] }, { "date": "2024-03-15", "close": 19.26, "volume": 4336993, "typical_volume": 1265112.05, "trend": 26.8, "fair_value": 25.209936, "relative_strength": -27.037527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.017813, "energy": 75.212949, "activity_lines": [ 20.032, 21.231273, 23.328952, 24.509849 ] }, { "date": "2024-03-22", "close": 18.459999, "volume": 2189596, "typical_volume": 1328330.4, "trend": 26.224667, "fair_value": 25.120216, "relative_strength": -30.918684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.016867, "energy": 70.388389, "activity_lines": [ 19.466667, 20.492, 22.750667, 23.971785 ] }, { "date": "2024-03-29", "close": 18.809999, "volume": 508636, "typical_volume": 1297499.6, "trend": 25.593, "fair_value": 25.008205, "relative_strength": -29.595475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.78947, "energy": 72.179126, "activity_lines": [ 19.120666, 19.991636, 22.248381, 23.493419 ] }, { "date": "2024-04-05", "close": 19.48, "volume": 1227949, "typical_volume": 1329115.5, "trend": 24.989666, "fair_value": 24.901961, "relative_strength": -27.919585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.469243, "energy": 64.440741, "activity_lines": [ 19.098666, 19.717636, 21.836048, 23.099032 ] }, { "date": "2024-04-12", "close": 18.440001, "volume": 914015, "typical_volume": 1351914.8, "trend": 24.395, "fair_value": 24.796606, "relative_strength": -32.570875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.918527, "energy": 66.14482, "activity_lines": [ 18.848667, 19.344727, 21.356095, 22.676473 ] }, { "date": "2024-04-19", "close": 16.84, "volume": 2254529, "typical_volume": 1411174.85, "trend": 23.835, "fair_value": 24.668041, "relative_strength": -36.372586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.067487, "energy": 84.275621, "activity_lines": [ 18.165333, 18.783818, 20.75719, 22.189054 ] }, { "date": "2024-04-26", "close": 16.780001, "volume": 1014610, "typical_volume": 1432912.1, "trend": 23.480333, "fair_value": 24.535166, "relative_strength": -37.263972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.844085, "energy": 81.977239, "activity_lines": [ 17.623334, 18.329091, 20.198095, 21.733892 ] }, { "date": "2024-05-03", "close": 17.92, "volume": 4125519, "typical_volume": 1590134.2, "trend": 23.181667, "fair_value": 24.444242, "relative_strength": -32.852787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.783082, "energy": 71.547772, "activity_lines": [ 17.573334, 18.140182, 19.791762, 21.375161 ] }, { "date": "2024-05-10", "close": 23.1, "volume": 5002316, "typical_volume": 1816135.95, "trend": 23.059, "fair_value": 24.41567, "relative_strength": -16.26384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.891247, "energy": 28.997602, "activity_lines": [ 19.309334, 18.936727, 19.920381, 21.369892 ] }, { "date": "2024-05-17", "close": 22.9, "volume": 2939632, "typical_volume": 1940000.45, "trend": 22.968333, "fair_value": 24.38346, "relative_strength": -16.682629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.444581, "energy": 19.259184, "activity_lines": [ 20.737333, 19.663455, 20.047191, 21.359634 ] }, { "date": "2024-05-24", "close": 24.0, "volume": 2939297, "typical_volume": 2062158.65, "trend": 22.912333, "fair_value": 24.352315, "relative_strength": -13.075117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 16.162519, "energy": 33.86818, "activity_lines": [ 22.234667, 20.536364, 20.307238, 21.426194 ] }, { "date": "2024-05-31", "close": 28.6, "volume": 10204002, "typical_volume": 2546591.75, "trend": 22.951667, "fair_value": 24.354976, "relative_strength": 2.128882, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.702753, "energy": 57.587518, "activity_lines": [ 24.788, 22.159455, 21.021572, 21.79314 ] }, { "date": "2024-06-07", "close": 34.0, "volume": 5624978, "typical_volume": 2776164.35, "trend": 23.275, "fair_value": 24.401967, "relative_strength": 22.088224, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.648707, "energy": 85.555093, "activity_lines": [ 28.353333, 24.58, 22.24781, 22.505936 ] }, { "date": "2024-06-14", "close": 31.1, "volume": 3141393, "typical_volume": 2908740.65, "trend": 23.442333, "fair_value": 24.434491, "relative_strength": 13.648173, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.420434, "energy": 83.24776, "activity_lines": [ 29.88, 26.197091, 23.152905, 23.010774 ] }, { "date": "2024-06-21", "close": 28.6, "volume": 2808551, "typical_volume": 3011078.0, "trend": 23.547, "fair_value": 24.445591, "relative_strength": 3.005007, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.103626, "energy": 78.65398, "activity_lines": [ 30.04, 27.148364, 23.788191, 23.343527 ] }, { "date": "2024-06-28", "close": 29.950001, "volume": 2316782, "typical_volume": 3084026.35, "trend": 23.665333, "fair_value": 24.446503, "relative_strength": 6.298048, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.297492, "energy": 81.878639, "activity_lines": [ 30.27, 28.160364, 24.530619, 23.756624 ] }, { "date": "2024-07-05", "close": 28.6, "volume": 1622556, "typical_volume": 3070721.45, "trend": 23.75, "fair_value": 24.452107, "relative_strength": 1.778302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.491353, "energy": 56.916366, "activity_lines": [ 29.653334, 28.688546, 25.112714, 24.074989 ] }, { "date": "2024-07-12", "close": 29.75, "volume": 1471711, "typical_volume": 2990492.9, "trend": 23.853, "fair_value": 24.478332, "relative_strength": 4.633258, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.436664, "energy": 49.824278, "activity_lines": [ 29.42, 29.210909, 25.763381, 24.462086 ] }, { "date": "2024-07-19", "close": 30.299999, "volume": 1140347, "typical_volume": 2897107.45, "trend": 23.972333, "fair_value": 24.505433, "relative_strength": 5.841197, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.594505, "energy": 49.843889, "activity_lines": [ 29.653333, 29.618182, 26.421524, 24.878022 ] }, { "date": "2024-07-26", "close": 29.25, "volume": 1047081, "typical_volume": 2841524.65, "trend": 23.984667, "fair_value": 24.531888, "relative_strength": 3.038898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.019767, "energy": 38.798203, "activity_lines": [ 29.59, 29.703636, 26.936619, 25.218516 ] }, { "date": "2024-08-02", "close": 30.0, "volume": 2670543, "typical_volume": 2758202.15, "trend": 24.071333, "fair_value": 24.566487, "relative_strength": 7.678452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.983047, "energy": 38.192454, "activity_lines": [ 29.733333, 29.81, 27.47881, 25.606602 ] }, { "date": "2024-08-09", "close": 32.599998, "volume": 2759067, "typical_volume": 2786675.7, "trend": 24.221333, "fair_value": 24.609313, "relative_strength": 16.587529, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.51277, "energy": 49.488804, "activity_lines": [ 30.739999, 30.28, 28.217476, 26.156839 ] }, { "date": "2024-08-16", "close": 38.150002, "volume": 6500048, "typical_volume": 3086246.3, "trend": 24.674333, "fair_value": 24.69439, "relative_strength": 33.435794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.492535, "energy": 65.68388, "activity_lines": [ 33.33, 31.686364, 29.417381, 27.055462 ] }, { "date": "2024-08-23", "close": 37.599998, "volume": 13507714, "typical_volume": 3700234.55, "trend": 25.113, "fair_value": 24.779375, "relative_strength": 32.634938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.915478, "energy": 79.145477, "activity_lines": [ 35.176666, 32.917272, 30.472809, 27.889376 ] }, { "date": "2024-08-30", "close": 40.549999, "volume": 3805428, "typical_volume": 3844805.2, "trend": 25.661333, "fair_value": 24.861092, "relative_strength": 42.778897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.924504, "energy": 91.573113, "activity_lines": [ 37.519999, 34.566363, 31.722904, 28.885312 ] }, { "date": "2024-09-06", "close": 37.5, "volume": 2552727, "typical_volume": 3859715.1, "trend": 26.135333, "fair_value": 24.932972, "relative_strength": 37.487578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.179775, "energy": 85.408792, "activity_lines": [ 38.093333, 35.443636, 32.577238, 29.649097 ] }, { "date": "2024-09-13", "close": 40.299999, "volume": 2427200, "typical_volume": 3930344.6, "trend": 26.812, "fair_value": 25.039878, "relative_strength": 45.393132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.213269, "energy": 84.759008, "activity_lines": [ 39.099999, 36.692727, 33.599857, 30.562946 ] }, { "date": "2024-09-20", "close": 43.700001, "volume": 3444670, "typical_volume": 3896302.15, "trend": 27.591333, "fair_value": 25.167892, "relative_strength": 56.866048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.25893, "energy": 86.912703, "activity_lines": [ 40.726666, 38.347272, 34.834285, 31.652494 ] }, { "date": "2024-09-27", "close": 43.650002, "volume": 2840650, "typical_volume": 3788218.85, "trend": 28.337667, "fair_value": 25.301081, "relative_strength": 55.266106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.835828, "energy": 74.28867, "activity_lines": [ 41.966667, 39.739091, 35.94119, 32.688538 ] }, { "date": "2024-10-04", "close": 41.099998, "volume": 3218598, "typical_volume": 3802167.15, "trend": 29.043, "fair_value": 25.421554, "relative_strength": 40.974335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.748713, "energy": 61.35768, "activity_lines": [ 41.953333, 40.424545, 36.707381, 33.511914 ] }, { "date": "2024-10-11", "close": 39.599998, "volume": 1521781, "typical_volume": 3731291.35, "trend": 29.721, "fair_value": 25.525347, "relative_strength": 34.950212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.017884, "energy": 55.747738, "activity_lines": [ 41.403333, 40.621818, 37.244047, 34.19301 ] }, { "date": "2024-10-18", "close": 38.650002, "volume": 1299752, "typical_volume": 3286078.85, "trend": 30.394, "fair_value": 25.621479, "relative_strength": 32.299973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.16299, "energy": 41.845801, "activity_lines": [ 40.396667, 40.471818, 37.615952, 34.769075 ] }, { "date": "2024-10-25", "close": 38.5, "volume": 1081870, "typical_volume": 3058923.45, "trend": 31.050333, "fair_value": 25.701341, "relative_strength": 28.566731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.731167, "energy": 30.312999, "activity_lines": [ 39.45, 40.184545, 37.925714, 35.292043 ] }, { "date": "2024-11-01", "close": 42.049999, "volume": 2702868, "typical_volume": 3036997.2, "trend": 31.802667, "fair_value": 25.791495, "relative_strength": 42.099207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.927481, "energy": 32.193252, "activity_lines": [ 40.033333, 40.536363, 38.552143, 36.001699 ] }, { "date": "2024-11-08", "close": 46.900002, "volume": 4419063, "typical_volume": 3117522.8, "trend": 32.751333, "fair_value": 25.893406, "relative_strength": 58.277056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.740414, "energy": 49.769547, "activity_lines": [ 42.340001, 41.689091, 39.588333, 36.97572 ] }, { "date": "2024-11-15", "close": 45.75, "volume": 2612621, "typical_volume": 3132314.75, "trend": 33.715, "fair_value": 25.989907, "relative_strength": 49.75247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.793746, "energy": 64.231263, "activity_lines": [ 43.876667, 42.517273, 40.427857, 37.814344 ] }, { "date": "2024-11-22", "close": 45.700001, "volume": 1737206, "typical_volume": 3138047.25, "trend": 34.679, "fair_value": 26.106305, "relative_strength": 45.622409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.370663, "energy": 75.110027, "activity_lines": [ 44.986667, 43.186364, 41.187381, 38.58757 ] }, { "date": "2024-11-29", "close": 42.299999, "volume": 6520110, "typical_volume": 3390467.2, "trend": 35.491667, "fair_value": 26.209936, "relative_strength": 35.052251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.261253, "energy": 65.279157, "activity_lines": [ 44.493333, 43.139091, 41.541667, 39.079247 ] }, { "date": "2024-12-06", "close": 46.099998, "volume": 2486648, "typical_volume": 3457782.25, "trend": 36.258333, "fair_value": 26.340675, "relative_strength": 46.132272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.836868, "energy": 56.903471, "activity_lines": [ 45.013333, 43.808182, 42.198095, 39.763656 ] }, { "date": "2024-12-13", "close": 46.049999, "volume": 2264993, "typical_volume": 3518677.85, "trend": 37.03, "fair_value": 26.48179, "relative_strength": 44.903346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.262504, "energy": 49.362197, "activity_lines": [ 45.246666, 44.423636, 42.774524, 40.395376 ] }, { "date": "2024-12-20", "close": 43.5, "volume": 2113275, "typical_volume": 3490814.45, "trend": 37.68, "fair_value": 26.597235, "relative_strength": 40.031408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.492102, "energy": 39.186954, "activity_lines": [ 44.686666, 44.485454, 43.028095, 40.812795 ] }, { "date": "2024-12-27", "close": 45.25, "volume": 391265, "typical_volume": 3372424.35, "trend": 38.235, "fair_value": 26.726647, "relative_strength": 41.966797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.593273, "energy": 41.370959, "activity_lines": [ 44.859999, 44.794545, 43.384047, 41.301183 ] }, { "date": "2025-01-03", "close": 44.5, "volume": 752209, "typical_volume": 3085032.4, "trend": 38.585, "fair_value": 26.849484, "relative_strength": 34.927519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.938403, "energy": 33.048608, "activity_lines": [ 44.813333, 44.847272, 43.608333, 41.705376 ] }, { "date": "2025-01-10", "close": 43.650002, "volume": 1711028, "typical_volume": 2495198.1, "trend": 39.003333, "fair_value": 26.972368, "relative_strength": 29.929332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.785078, "energy": 25.392273, "activity_lines": [ 44.336667, 44.636364, 43.721429, 42.03215 ] }, { "date": "2025-01-17", "close": 41.450001, "volume": 2890051, "typical_volume": 2449429.25, "trend": 39.431667, "fair_value": 27.105292, "relative_strength": 21.360286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.105471, "energy": 14.152735, "activity_lines": [ 43.290001, 43.996364, 43.596191, 42.19 ] }, { "date": "2025-01-24", "close": 38.700001, "volume": 4213581, "typical_volume": 2532471.95, "trend": 39.723333, "fair_value": 27.228635, "relative_strength": 12.977774, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.88071, "energy": 14.193519, "activity_lines": [ 41.633334, 42.955455, 43.204762, 42.142796 ] }, { "date": "2025-01-31", "close": 37.700001, "volume": 3564852, "typical_volume": 2589354.55, "trend": 40.026667, "fair_value": 27.328983, "relative_strength": 7.613874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.72049, "energy": 32.724528, "activity_lines": [ 39.963334, 41.86091, 42.712381, 42.012258 ] }, { "date": "2025-02-07", "close": 37.299999, "volume": 3084181, "typical_volume": 2571330.1, "trend": 40.278333, "fair_value": 27.417443, "relative_strength": 8.077824, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.30405, "energy": 54.936988, "activity_lines": [ 38.663334, 40.839091, 42.194286, 41.836344 ] }, { "date": "2025-02-14", "close": 31.15, "volume": 9440874, "typical_volume": 2901341.3, "trend": 40.306667, "fair_value": 27.485518, "relative_strength": -10.309168, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.995814, "energy": 76.499885, "activity_lines": [ 35.793333, 38.79, 41.120953, 41.247419 ] }, { "date": "2025-02-21", "close": 29.299999, "volume": 5691718, "typical_volume": 3024997.3, "trend": 40.308333, "fair_value": 27.548212, "relative_strength": -16.547706, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -62.383869, "energy": 83.031968, "activity_lines": [ 33.14, 36.676364, 39.930952, 40.537312 ] }, { "date": "2025-02-28", "close": 25.1, "volume": 21389661, "typical_volume": 4018391.3, "trend": 40.145, "fair_value": 27.583493, "relative_strength": -28.012391, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.825474, "energy": 96.6082, "activity_lines": [ 29.896666, 34.103636, 38.397143, 39.556129 ] }, { "date": "2025-03-07", "close": 24.15, "volume": 6258213, "typical_volume": 4266314.35, "trend": 39.863333, "fair_value": 27.570189, "relative_strength": -30.830261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.051225, "energy": 95.483042, "activity_lines": [ 27.243333, 31.692727, 36.841905, 38.524194 ] }, { "date": "2025-03-14", "close": 24.450001, "volume": 4518186, "typical_volume": 4438130.15, "trend": 39.406667, "fair_value": 27.564108, "relative_strength": -30.681255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.546432, "energy": 91.789088, "activity_lines": [ 25.593334, 29.72, 35.384286, 37.529785 ] }, { "date": "2025-03-21", "close": 22.950001, "volume": 3872398, "typical_volume": 4496606.65, "trend": 38.918333, "fair_value": 27.55538, "relative_strength": -36.24983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.035299, "energy": 92.239404, "activity_lines": [ 24.300001, 27.839091, 33.850715, 36.468065 ] }, { "date": "2025-03-28", "close": 20.9, "volume": 4050883, "typical_volume": 4478197.65, "trend": 38.263333, "fair_value": 27.535669, "relative_strength": -41.145912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.620829, "energy": 92.785946, "activity_lines": [ 22.87, 25.961818, 32.212857, 35.305592 ] }, { "date": "2025-04-04", "close": 18.1, "volume": 4819505, "typical_volume": 4588541.85, "trend": 37.616667, "fair_value": 27.494673, "relative_strength": -44.662503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.595382, "energy": 91.261423, "activity_lines": [ 21.066667, 23.949091, 30.432143, 34.004731 ] }, { "date": "2025-04-11", "close": 18.26, "volume": 13659020, "typical_volume": 5184632.55, "trend": 36.882, "fair_value": 27.438216, "relative_strength": -44.615052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.881478, "energy": 84.403561, "activity_lines": [ 19.783334, 22.34, 28.798334, 32.755914 ] }, { "date": "2025-04-18", "close": 19.9, "volume": 7484159, "typical_volume": 5232835.0, "trend": 36.088667, "fair_value": 27.383537, "relative_strength": -41.354041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.24124, "energy": 72.17685, "activity_lines": [ 19.439333, 21.382546, 27.451381, 31.660301 ] }, { "date": "2025-04-25", "close": 19.620001, "volume": 11446830, "typical_volume": 5680844.1, "trend": 35.287667, "fair_value": 27.324315, "relative_strength": -42.590809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.7445, "energy": 67.196409, "activity_lines": [ 19.305334, 20.690546, 26.184429, 30.597807 ] }, { "date": "2025-05-02", "close": 19.18, "volume": 7065695, "typical_volume": 5920879.2, "trend": 34.557, "fair_value": 27.279938, "relative_strength": -45.858381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.650192, "energy": 65.944431, "activity_lines": [ 19.246667, 20.128182, 25.001667, 29.558602 ] }, { "date": "2025-05-09", "close": 19.1, "volume": 5821236, "typical_volume": 6106277.25, "trend": 33.873667, "fair_value": 27.242899, "relative_strength": -45.752453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.495576, "energy": 63.92066, "activity_lines": [ 19.276, 19.735273, 23.939238, 28.561377 ] }, { "date": "2025-05-16", "close": 17.139999, "volume": 11959494, "typical_volume": 6684688.7, "trend": 33.156667, "fair_value": 27.181028, "relative_strength": -52.989701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.891256, "energy": 69.034783, "activity_lines": [ 18.585333, 19.095091, 22.806333, 27.481785 ] }, { "date": "2025-05-23", "close": 17.299999, "volume": 7788595, "typical_volume": 7036508.0, "trend": 32.45, "fair_value": 27.12931, "relative_strength": -51.837775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.492053, "energy": 67.438399, "activity_lines": [ 18.022666, 18.611454, 21.822524, 26.458774 ] }, { "date": "2025-05-30", "close": 17.700001, "volume": 4308362, "typical_volume": 7166374.7, "trend": 31.638333, "fair_value": 27.07152, "relative_strength": -50.752867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.115419, "energy": 69.317354, "activity_lines": [ 17.766667, 18.330545, 21.006333, 25.507161 ] }, { "date": "2025-06-06", "close": 17.639999, "volume": 10793174, "typical_volume": 7561530.85, "trend": 30.663, "fair_value": 27.032286, "relative_strength": -51.111098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.347449, "energy": 73.64231, "activity_lines": [ 17.618666, 18.134182, 20.308, 24.604043 ] }, { "date": "2025-06-13", "close": 16.32, "volume": 8481913, "typical_volume": 7774947.45, "trend": 29.682, "fair_value": 26.997741, "relative_strength": -55.494809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.42885, "energy": 68.109776, "activity_lines": [ 17.133333, 17.757091, 19.597333, 23.678688 ] }, { "date": "2025-06-20", "close": 16.459999, "volume": 11614610, "typical_volume": 8177435.35, "trend": 28.707333, "fair_value": 26.966057, "relative_strength": -55.168398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.08277, "energy": 65.888194, "activity_lines": [ 16.88, 17.437818, 19.006571, 22.825656 ] }, { "date": "2025-06-27", "close": 18.139999, "volume": 10593395, "typical_volume": 8552896.05, "trend": 27.902, "fair_value": 26.948969, "relative_strength": -49.053894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.726271, "energy": 61.22196, "activity_lines": [ 17.231999, 17.456727, 18.676952, 22.143892 ] }, { "date": "2025-07-04", "close": 18.5, "volume": 11177149, "typical_volume": 8639709.8, "trend": 26.982, "fair_value": 26.925552, "relative_strength": -48.416639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.569277, "energy": 51.378626, "activity_lines": [ 17.647999, 17.57309, 18.472857, 21.537312 ] }, { "date": "2025-07-11", "close": 17.68, "volume": 10956348, "typical_volume": 8902941.3, "trend": 26.036333, "fair_value": 26.903062, "relative_strength": -50.128528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.768625, "energy": 44.573324, "activity_lines": [ 17.737333, 17.560727, 18.250905, 20.937183 ] }, { "date": "2025-07-18", "close": 17.440001, "volume": 17207995, "typical_volume": 8693858.0, "trend": 25.167667, "fair_value": 26.866667, "relative_strength": -50.044302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.627129, "energy": 38.985173, "activity_lines": [ 17.744, 17.532, 18.061428, 20.382581 ] }, { "date": "2025-07-25", "close": 17.0, "volume": 8365209, "typical_volume": 8799207.8, "trend": 24.226, "fair_value": 26.817541, "relative_strength": -50.80021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.945202, "energy": 41.392488, "activity_lines": [ 17.529334, 17.453454, 17.866524, 19.855634 ] }, { "date": "2025-08-01", "close": 17.08, "volume": 14454866, "typical_volume": 9296041.8, "trend": 23.312, "fair_value": 26.76088, "relative_strength": -49.807952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.720098, "energy": 45.11764, "activity_lines": [ 17.305334, 17.392, 17.713286, 19.394602 ] }, { "date": "2025-08-08", "close": 18.0, "volume": 11789779, "typical_volume": 9691910.85, "trend": 22.457, "fair_value": 26.712864, "relative_strength": -47.092924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.63621, "energy": 38.342451, "activity_lines": [ 17.458667, 17.501818, 17.682762, 19.051892 ] }, { "date": "2025-08-15", "close": 17.16, "volume": 19195135, "typical_volume": 10449123.45, "trend": 21.647333, "fair_value": 26.673203, "relative_strength": -49.174003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.784755, "energy": 36.291881, "activity_lines": [ 17.365333, 17.453455, 17.595809, 18.71015 ] }, { "date": "2025-08-22", "close": 16.84, "volume": 9361069, "typical_volume": 10676201.65, "trend": 20.918667, "fair_value": 26.640323, "relative_strength": -50.281692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.135806, "energy": 35.330816, "activity_lines": [ 17.2, 17.355636, 17.49619, 18.4 ] }, { "date": "2025-08-29", "close": 16.18, "volume": 17144791, "typical_volume": 10850490.2, "trend": 20.201333, "fair_value": 26.608511, "relative_strength": -50.857606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.185693, "energy": 38.070505, "activity_lines": [ 16.854667, 17.128364, 17.339714, 18.09428 ] }, { "date": "2025-09-05", "close": 16.5, "volume": 8518096, "typical_volume": 10902187.05, "trend": 19.508, "fair_value": 26.582481, "relative_strength": -48.412178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.086973, "energy": 38.830441, "activity_lines": [ 16.670667, 16.964364, 17.223619, 17.855484 ] }, { "date": "2025-09-12", "close": 16.16, "volume": 8692654, "typical_volume": 10764478.25, "trend": 19.008333, "fair_value": 26.560061, "relative_strength": -49.419873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.894175, "energy": 43.166106, "activity_lines": [ 16.412, 16.768364, 17.091333, 17.639484 ] }, { "date": "2025-09-19", "close": 12.86, "volume": 41314587, "typical_volume": 12476922.85, "trend": 18.460333, "fair_value": 26.529245, "relative_strength": -58.570635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.323252, "energy": 73.543192, "activity_lines": [ 15.176, 16.014909, 16.661238, 17.242817 ] }, { "date": "2025-09-26", "close": 11.72, "volume": 19329729, "typical_volume": 13152347.5, "trend": 18.014333, "fair_value": 26.487392, "relative_strength": -61.687848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.073067, "energy": 88.109051, "activity_lines": [ 13.846667, 15.141818, 16.152667, 16.807957 ] }, { "date": "2025-10-03", "close": 10.48, "volume": 14884974, "typical_volume": 13298621.5, "trend": 17.558667, "fair_value": 26.438474, "relative_strength": -64.681045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.944428, "energy": 95.53858, "activity_lines": [ 12.445333, 14.147273, 15.561143, 16.321871 ] }, { "date": "2025-10-10", "close": 10.52, "volume": 9464477, "typical_volume": 13382415.6, "trend": 17.094333, "fair_value": 26.396681, "relative_strength": -63.741851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.802432, "energy": 93.014036, "activity_lines": [ 11.437333, 13.278545, 15.005143, 15.867763 ] }, { "date": "2025-10-17", "close": 9.83, "volume": 9345061, "typical_volume": 13634250.55, "trend": 16.657, "fair_value": 26.349092, "relative_strength": -64.735651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.502373, "energy": 92.638451, "activity_lines": [ 10.598, 12.403636, 14.415714, 15.399097 ] }, { "date": "2025-10-24", "close": 9.37, "volume": 8249413, "typical_volume": 13507062.5, "trend": 16.272667, "fair_value": 26.295316, "relative_strength": -66.001959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.067341, "energy": 91.858404, "activity_lines": [ 10.027333, 11.593636, 13.819952, 14.928968 ] }, { "date": "2025-10-31", "close": 9.13, "volume": 9117290, "typical_volume": 13538831.35, "trend": 15.973667, "fair_value": 26.241473, "relative_strength": -65.293089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.652484, "energy": 89.510423, "activity_lines": [ 9.609333, 10.881636, 13.240714, 14.46815 ] }, { "date": "2025-11-07", "close": 7.23, "volume": 16388643, "typical_volume": 13777533.0, "trend": 15.606, "fair_value": 26.155725, "relative_strength": -71.333685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.601633, "energy": 92.254192, "activity_lines": [ 8.730667, 9.964364, 12.514762, 13.904043 ] }, { "date": "2025-11-14", "close": 6.54, "volume": 13479911, "typical_volume": 13921858.8, "trend": 15.160667, "fair_value": 26.062805, "relative_strength": -73.424944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.950424, "energy": 95.191028, "activity_lines": [ 7.838667, 9.084364, 11.767048, 13.31914 ] }, { "date": "2025-11-21", "close": 6.43, "volume": 10514398, "typical_volume": 13888721.25, "trend": 14.721, "fair_value": 25.967513, "relative_strength": -72.416761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.107075, "energy": 92.856558, "activity_lines": [ 7.175333, 8.365455, 11.064095, 12.755871 ] }, { "date": "2025-11-28", "close": 6.94, "volume": 10194444, "typical_volume": 13850626.05, "trend": 14.313, "fair_value": 25.868522, "relative_strength": -69.730026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.436686, "energy": 87.438258, "activity_lines": [ 6.908667, 7.916182, 10.46719, 12.253871 ] }, { "date": "2025-12-05", "close": 7.24, "volume": 13134172, "typical_volume": 13646934.9, "trend": 13.917667, "fair_value": 25.76056, "relative_strength": -67.667491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.836032, "energy": 80.647985, "activity_lines": [ 6.904, 7.629091, 9.95, 11.797548 ] }, { "date": "2025-12-12", "close": 7.73, "volume": 21376349, "typical_volume": 14297491.9, "trend": 13.604, "fair_value": 25.662217, "relative_strength": -64.339897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.579091, "energy": 64.804986, "activity_lines": [ 7.188667, 7.512545, 9.528048, 11.398344 ] }, { "date": "2025-12-19", "close": 7.72, "volume": 16735787, "typical_volume": 14411537.95, "trend": 13.284667, "fair_value": 25.572053, "relative_strength": -63.347042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.758892, "energy": 63.081128, "activity_lines": [ 7.436667, 7.444182, 9.149286, 11.018731 ] }, { "date": "2025-12-26", "close": 7.4, "volume": 5761580, "typical_volume": 14110128.0, "trend": 12.941333, "fair_value": 25.485039, "relative_strength": -63.489142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.347961, "energy": 56.909232, "activity_lines": [ 7.499333, 7.368545, 8.784619, 10.639075 ] }, { "date": "2026-01-02", "close": 7.49, "volume": 8387036, "typical_volume": 13569723.05, "trend": 12.603, "fair_value": 25.38447, "relative_strength": -62.151111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.283997, "energy": 54.754234, "activity_lines": [ 7.527333, 7.353455, 8.479, 10.287376 ] }, { "date": "2026-01-09", "close": 8.04, "volume": 16863526, "typical_volume": 13944845.9, "trend": 12.327, "fair_value": 25.272412, "relative_strength": -57.647836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.99006, "energy": 52.135579, "activity_lines": [ 7.702, 7.472545, 8.27181, 9.992989 ] }, { "date": "2026-01-16", "close": 8.66, "volume": 9396410, "typical_volume": 13557426.85, "trend": 12.067, "fair_value": 25.165211, "relative_strength": -53.977332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.829306, "energy": 45.809938, "activity_lines": [ 8.03, 7.724182, 8.165571, 9.756409 ] }, { "date": "2026-01-23", "close": 8.35, "volume": 10437372, "typical_volume": 13653390.65, "trend": 11.740667, "fair_value": 25.056907, "relative_strength": -53.411322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.338303, "energy": 34.623099, "activity_lines": [ 8.192667, 7.893455, 8.065619, 9.516602 ] }, { "date": "2026-01-30", "close": 7.78, "volume": 6301803, "typical_volume": 13533848.1, "trend": 11.383333, "fair_value": 24.927185, "relative_strength": -55.566799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.561784, "energy": 31.838079, "activity_lines": [ 8.123333, 7.926182, 7.95019, 9.261075 ] }, { "date": "2026-02-06", "close": 8.02, "volume": 8975112, "typical_volume": 11916874.35, "trend": 11.061333, "fair_value": 24.81755, "relative_strength": -53.36329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.885416, "energy": 27.617079, "activity_lines": [ 8.108667, 7.978, 7.897524, 9.044086 ] }, { "date": "2026-02-13", "close": 8.16, "volume": 11874404, "typical_volume": 11544108.1, "trend": 10.752, "fair_value": 24.69262, "relative_strength": -51.516454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.597131, "energy": 29.398085, "activity_lines": [ 8.105333, 8.035636, 7.881238, 8.856903 ] }, { "date": "2026-02-20", "close": 8.44, "volume": 4112457, "typical_volume": 11005482.25, "trend": 10.466667, "fair_value": 24.571643, "relative_strength": -49.911682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.510046, "energy": 26.259594, "activity_lines": [ 8.187333, 8.127455, 7.908571, 8.707742 ] }, { "date": "2026-02-27", "close": 8.25, "volume": 4022077, "typical_volume": 10733362.25, "trend": 10.172333, "fair_value": 24.430803, "relative_strength": -49.897891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.550749, "energy": 19.931621, "activity_lines": [ 8.220667, 8.171818, 7.927524, 8.564731 ] }, { "date": "2026-03-06", "close": 8.39, "volume": 7258754, "typical_volume": 10629046.9, "trend": 9.852, "fair_value": 24.295864, "relative_strength": -48.018041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.156889, "energy": 13.133903, "activity_lines": [ 8.307333, 8.232, 7.970619, 8.449742 ] }, { "date": "2026-03-13", "close": 8.88, "volume": 6335839, "typical_volume": 10533368.2, "trend": 9.576, "fair_value": 24.178592, "relative_strength": -44.696612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.656546, "energy": 11.369075, "activity_lines": [ 8.516667, 8.363273, 8.067238, 8.387032 ] }, { "date": "2026-03-20", "close": 9.55, "volume": 8015869, "typical_volume": 10478297.15, "trend": 9.333, "fair_value": 24.076605, "relative_strength": -39.726538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 17.321388, "energy": 24.978706, "activity_lines": [ 8.892, 8.591091, 8.23, 8.385355 ] }, { "date": "2026-03-27", "close": 9.09, "volume": 5285179, "typical_volume": 9923123.95, "trend": 9.096667, "fair_value": 23.971474, "relative_strength": -41.785058, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.390374, "energy": 22.92389, "activity_lines": [ 9.021333, 8.707818, 8.346952, 8.369677 ] }, { "date": "2026-04-03", "close": 10.14, "volume": 3436387, "typical_volume": 9420947.75, "trend": 8.884667, "fair_value": 23.878471, "relative_strength": -36.069712, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 51.998468, "energy": 63.791812, "activity_lines": [ 9.457333, 9.007636, 8.555048, 8.436989 ] }, { "date": "2026-04-10", "close": 10.28, "volume": 4389982, "typical_volume": 9114726.95, "trend": 8.688667, "fair_value": 23.788329, "relative_strength": -33.574685, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.92538, "energy": 71.418594, "activity_lines": [ 9.814, 9.300364, 8.759333, 8.527011 ] }, { "date": "2026-04-17", "close": 10.24, "volume": 6948918, "typical_volume": 8952450.65, "trend": 8.601333, "fair_value": 23.700579, "relative_strength": -29.779721, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.705212, "energy": 79.773321, "activity_lines": [ 10.031333, 9.540364, 8.941476, 8.627097 ] }, { "date": "2026-04-24", "close": 10.81, "volume": 9942202, "typical_volume": 8792852.15, "trend": 8.571, "fair_value": 23.611282, "relative_strength": -25.272434, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.768198, "energy": 85.12551, "activity_lines": [ 10.348, 9.843636, 9.16219, 8.769591 ] }, { "date": "2026-05-01", "close": 11.04, "volume": 3189826, "typical_volume": 7883526.0, "trend": 8.589667, "fair_value": 23.532979, "relative_strength": -23.129672, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.097853, "energy": 85.390397, "activity_lines": [ 10.657333, 10.140545, 9.38781, 8.928882 ] }, { "date": "2026-05-08", "close": 9.52, "volume": 19862587, "typical_volume": 8039866.0, "trend": 8.556333, "fair_value": 23.460537, "relative_strength": -30.613159, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.793836, "energy": 48.133522, "activity_lines": [ 10.33, 10.113818, 9.452905, 8.988903 ] }, { "date": "2026-05-15", "close": 10.73, "volume": 15789977, "typical_volume": 8541285.85, "trend": 8.586333, "fair_value": 23.386037, "relative_strength": -22.431543, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.815888, "energy": 47.753085, "activity_lines": [ 10.447333, 10.284, 9.624667, 9.12914 ] }, { "date": "2026-05-22", "close": 9.78, "volume": 9047104, "typical_volume": 8574289.25, "trend": 8.6, "fair_value": 23.313985, "relative_strength": -28.914846, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.703796, "energy": 31.339758, "activity_lines": [ 10.218, 10.238909, 9.690095, 9.206151 ] }, { "date": "2026-05-29", "close": 9.62, "volume": 5339751, "typical_volume": 7998100.5, "trend": 8.616333, "fair_value": 23.237374, "relative_strength": -27.210688, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.47846, "energy": 19.87007, "activity_lines": [ 9.966, 10.148364, 9.729381, 9.271957 ] }, { "date": "2026-06-05", "close": 8.99, "volume": 2093023, "typical_volume": 7632931.15, "trend": 8.675, "fair_value": 23.158394, "relative_strength": -30.761463, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.035227, "energy": 15.757491, "activity_lines": [ 9.583333, 9.942, 9.701143, 9.296065 ] }, { "date": "2026-06-12", "close": 8.39, "volume": 995955, "typical_volume": 7160860.3, "trend": 8.736667, "fair_value": 23.074586, "relative_strength": -33.959297, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.397176, "energy": 16.432066, "activity_lines": [ 9.137333, 9.628364, 9.61419, 9.277677 ] }, { "date": "2026-06-19", "close": 8.67, "volume": 619334, "typical_volume": 6876736.85, "trend": 8.811333, "fair_value": 23.002092, "relative_strength": -28.994084, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.25841, "energy": 19.198967, "activity_lines": [ 8.86, 9.397455, 9.553714, 9.273376 ] }, { "date": "2026-06-26", "close": 8.34, "volume": 721936, "typical_volume": 6464078.05, "trend": 8.858, "fair_value": 22.921987, "relative_strength": -28.388103, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.150081, "energy": 34.453775, "activity_lines": [ 8.61, 9.135818, 9.457571, 9.242968 ] }, { "date": "2026-07-03", "close": 8.53, "volume": 798743, "typical_volume": 5910295.0, "trend": 8.901, "fair_value": 22.820256, "relative_strength": -26.79397, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.621667, "energy": 42.740507, "activity_lines": [ 8.519333, 8.943273, 9.378, 9.221806 ] }, { "date": "2026-07-10", "close": 9.215, "volume": 23063703, "typical_volume": 6857857.3, "trend": 8.9505, "fair_value": 22.726122, "relative_strength": -18.855625, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.827366, "energy": 26.570771, "activity_lines": [ 8.729667, 8.916727, 9.361905, 9.242065 ] }, { "date": "2026-07-17", "close": 9.85, "volume": 5869806, "typical_volume": 6950243.75, "trend": 9.0215, "fair_value": 22.630673, "relative_strength": -12.72517, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 28.777472, "energy": 14.214035, "activity_lines": [ 9.136667, 9.038818, 9.402595, 9.300097 ] }, { "date": "2026-07-24", "close": 10.3, "volume": 5745100, "typical_volume": 6874561.05, "trend": 9.118167, "fair_value": 22.516955, "relative_strength": -9.389527, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.855234, "energy": 26.753887, "activity_lines": [ 9.596333, 9.236727, 9.478524, 9.382581 ] }, { "date": "2026-07-31", "close": 10.93, "volume": 13381730, "typical_volume": 7226855.6, "trend": 9.232833, "fair_value": 22.409455, "relative_strength": -2.622699, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.650931, "energy": 40.436837, "activity_lines": [ 10.157333, 9.557, 9.605357, 9.499473 ] }, { "date": "2026-08-07", "close": 13.78, "volume": 31866593, "typical_volume": 8419391.8, "trend": 9.424167, "fair_value": 22.31766, "relative_strength": 24.130742, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.16319, "energy": 86.33004, "activity_lines": [ 11.495667, 10.374545, 9.993857, 9.792839 ] } ], "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." } } }