{ "ticker": { "uuid": "498cece8-2d1e-4674-948f-023f8c59b8a2", "symbol": "CCOI", "name": "Cogent Communications Group Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -78.224, "architecture_energy": 68.186, "architecture_maturity": 43.057, "architecture_confidence": 93.605, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 9.22, "rotation_up": 19.86, "upward_expansion": 12.79, "deceleration": 43.24, "rotation_down": 66.81, "downward_expansion": 88.46 }, "activity_lines": [ 11.584, 12.324, 14.572828, 16.134047 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 9.92, "trend_reference": 18.308774, "distance_from_trend": -0.458183, "trend_direction": "Weakening", "fair_value": 48.252542, "distance_from_fair_value": -0.794415, "fair_value_direction": "Weakening", "relative_strength": -63.958688, "relative_strength_direction": "Weakening", "price_momentum": -0.590773, "excess_performance": -0.778226, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.458183, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.120622, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.794415, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.116468, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.639587, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.072087, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.590773, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.236579, "read": "Supply-led" } ], "volume": { "latest": 11463564, "relative_activity": 1.851113, "balance": 0.236579, "dry_up": 1.123031, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.279871, "annualized_volatility": 1.006237, "from_high_reference": -0.782165, "from_low_reference": 0.102222 }, "levels": { "trend_reference": 18.308774, "fair_value_reference": 48.252542, "structural_low": 9.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": 0.02265, "positive_rate": 0.586207, "directional_follow_through": 0.413793, "median_excess_return": 0.012514, "regime_survival": 0.827586, "best_return": 0.388763, "worst_return": -0.441379, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.157902, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.121148, "regime_survival": 0.555556, "best_return": 0.262503, "worst_return": -0.42848, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.045296, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.183937, "regime_survival": 0.6, "best_return": 0.383162, "worst_return": -0.55324, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.094911, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.256322, "regime_survival": 0.333333, "best_return": 0.177926, "worst_return": -0.657372, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-10", "end": "2023-12-08", "tenure": "Developing", "return": 0.07783, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-03-08", "tenure": "Established", "return": -0.054502, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-15", "end": "2024-03-22", "tenure": "New", "return": -0.034653, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-29", "end": "2024-05-10", "tenure": "Developing", "return": -0.087862, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-07-26", "tenure": "Developing", "return": 0.17829, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-02", "end": "2024-09-06", "tenure": "Developing", "return": 0.109589, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-12-13", "tenure": "Established", "return": 0.072906, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-02-28", "tenure": "Developing", "return": -0.055211, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.031633, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-10-17", "tenure": "Extended", "return": -0.25926, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.039804, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-04-17", "tenure": "Established", "return": 0.008013, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-22", "tenure": "Developing", "return": -0.257005, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.441441, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 59.59392, "volume": 2753503, "typical_volume": 1561793.5, "trend": 55.099387, "fair_value": 51.446604, "relative_strength": 0.117835, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.734074, "energy": 42.319927, "activity_lines": [ 56.565945, 55.760242, 55.492047, 55.263928 ] }, { "date": "2023-08-25", "close": 60.39389, "volume": 1850311, "typical_volume": 1613650.7, "trend": 55.220777, "fair_value": 51.519993, "relative_strength": -0.386711, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.163315, "energy": 61.676058, "activity_lines": [ 58.269228, 56.627729, 55.947987, 55.605509 ] }, { "date": "2023-09-01", "close": 62.145574, "volume": 1255782, "typical_volume": 1603424.2, "trend": 55.369413, "fair_value": 51.600754, "relative_strength": -1.349662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.351025, "energy": 74.704533, "activity_lines": [ 60.098504, 57.738833, 56.543924, 56.05227 ] }, { "date": "2023-09-08", "close": 58.799073, "volume": 1235544, "typical_volume": 1607896.4, "trend": 55.488808, "fair_value": 51.665443, "relative_strength": -5.554442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.101732, "energy": 70.502246, "activity_lines": [ 60.18717, 58.119134, 56.803559, 56.273538 ] }, { "date": "2023-09-15", "close": 57.108393, "volume": 2910698, "typical_volume": 1696039.1, "trend": 55.500682, "fair_value": 51.736717, "relative_strength": -7.834121, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.617107, "energy": 56.918409, "activity_lines": [ 59.170445, 58.174608, 56.89371, 56.378028 ] }, { "date": "2023-09-22", "close": 57.047389, "volume": 1862372, "typical_volume": 1690944.55, "trend": 55.655956, "fair_value": 51.821214, "relative_strength": -4.784557, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.150981, "energy": 30.51263, "activity_lines": [ 58.316852, 58.194792, 56.98453, 56.477815 ] }, { "date": "2023-09-29", "close": 53.944903, "volume": 2054899, "typical_volume": 1721961.5, "trend": 55.672219, "fair_value": 51.879492, "relative_strength": -9.941847, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.005114, "energy": 14.33824, "activity_lines": [ 56.598865, 57.60451, 56.778056, 56.367425 ] }, { "date": "2023-10-06", "close": 53.613739, "volume": 2606241, "typical_volume": 1782390.2, "trend": 55.738469, "fair_value": 51.924556, "relative_strength": -11.953112, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -11.16438, "energy": 21.535981, "activity_lines": [ 55.200422, 56.946389, 56.541543, 56.23462 ] }, { "date": "2023-10-13", "close": 54.607232, "volume": 1406216, "typical_volume": 1789977.95, "trend": 55.809887, "fair_value": 51.98389, "relative_strength": -10.359244, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.673895, "energy": 19.843379, "activity_lines": [ 54.701933, 56.453542, 56.399637, 56.161637 ] }, { "date": "2023-10-20", "close": 54.746669, "volume": 1396492, "typical_volume": 1805667.8, "trend": 55.950035, "fair_value": 52.060304, "relative_strength": -7.44467, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.298196, "energy": 23.391218, "activity_lines": [ 54.529379, 55.914491, 56.270361, 56.093042 ] }, { "date": "2023-10-27", "close": 55.330564, "volume": 1199107, "typical_volume": 1793617.05, "trend": 55.995598, "fair_value": 52.149362, "relative_strength": -3.975374, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.460595, "energy": 20.054393, "activity_lines": [ 54.708905, 55.57458, 56.194235, 56.053076 ] }, { "date": "2023-11-03", "close": 58.206463, "volume": 1474283, "typical_volume": 1784323.6, "trend": 56.110489, "fair_value": 52.264995, "relative_strength": -5.028624, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 15.425913, "energy": 7.88714, "activity_lines": [ 55.961519, 55.835074, 56.385496, 56.195712 ] }, { "date": "2023-11-10", "close": 56.803373, "volume": 1955209, "typical_volume": 1822206.45, "trend": 56.055529, "fair_value": 52.338074, "relative_strength": -9.798579, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.970092, "energy": 8.645037, "activity_lines": [ 56.462332, 55.880233, 56.433936, 56.240415 ] }, { "date": "2023-11-17", "close": 57.169397, "volume": 1800214, "typical_volume": 1867952.2, "trend": 56.060478, "fair_value": 52.42721, "relative_strength": -10.772176, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.163223, "energy": 20.673763, "activity_lines": [ 56.872511, 56.089073, 56.510631, 56.312277 ] }, { "date": "2023-11-24", "close": 58.616247, "volume": 1176522, "typical_volume": 1889687.2, "trend": 56.065383, "fair_value": 52.526489, "relative_strength": -9.105411, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.915931, "energy": 29.482419, "activity_lines": [ 57.594162, 56.590606, 56.728317, 56.477165 ] }, { "date": "2023-12-01", "close": 57.864757, "volume": 1651885, "typical_volume": 1889334.3, "trend": 56.105367, "fair_value": 52.616564, "relative_strength": -10.195295, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.289468, "energy": 37.028768, "activity_lines": [ 57.807345, 56.92809, 56.860914, 56.593254 ] }, { "date": "2023-12-08", "close": 61.224361, "volume": 1647753, "typical_volume": 1868732.0, "trend": 56.33751, "fair_value": 52.727452, "relative_strength": -5.376747, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.756912, "energy": 56.596256, "activity_lines": [ 58.971449, 57.861549, 57.297435, 56.923512 ] }, { "date": "2023-12-15", "close": 63.425786, "volume": 2430473, "typical_volume": 1893160.15, "trend": 56.664659, "fair_value": 52.840547, "relative_strength": -5.025563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.180531, "energy": 70.338913, "activity_lines": [ 60.668169, 59.062914, 57.906953, 57.38082 ] }, { "date": "2023-12-22", "close": 66.228403, "volume": 1365654, "typical_volume": 1860493.35, "trend": 57.056576, "fair_value": 52.978018, "relative_strength": -1.561106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.259423, "energy": 80.583206, "activity_lines": [ 62.8576, 60.595444, 58.73264, 57.997836 ] }, { "date": "2023-12-29", "close": 67.245125, "volume": 691161, "typical_volume": 1736215.95, "trend": 57.490406, "fair_value": 53.120512, "relative_strength": -0.195783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.123128, "energy": 86.907282, "activity_lines": [ 64.782005, 62.101539, 59.581078, 58.655161 ] }, { "date": "2024-01-05", "close": 65.857078, "volume": 1041699, "typical_volume": 1650625.75, "trend": 57.886851, "fair_value": 53.256567, "relative_strength": 1.176595, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.354675, "energy": 83.219329, "activity_lines": [ 65.668469, 63.128018, 60.262156, 59.194947 ] }, { "date": "2024-01-12", "close": 65.026018, "volume": 1078013, "typical_volume": 1612010.85, "trend": 58.178519, "fair_value": 53.386426, "relative_strength": -2.813311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.436137, "energy": 80.665842, "activity_lines": [ 65.745091, 63.812003, 60.83426, 59.655538 ] }, { "date": "2024-01-19", "close": 66.635092, "volume": 978354, "typical_volume": 1598139.45, "trend": 58.552475, "fair_value": 53.519226, "relative_strength": -2.665214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.513282, "energy": 75.406539, "activity_lines": [ 66.104628, 64.664555, 61.537552, 60.201124 ] }, { "date": "2024-01-26", "close": 67.53688, "volume": 1357283, "typical_volume": 1604226.4, "trend": 58.875691, "fair_value": 53.677664, "relative_strength": -1.569716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.245851, "energy": 57.745263, "activity_lines": [ 66.550807, 65.50231, 62.30535, 60.780763 ] }, { "date": "2024-02-02", "close": 65.892442, "volume": 1557064, "typical_volume": 1536544.7, "trend": 59.212858, "fair_value": 53.8058, "relative_strength": -4.721654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.499854, "energy": 50.223514, "activity_lines": [ 66.361608, 65.852577, 62.874926, 61.233456 ] }, { "date": "2024-02-09", "close": 68.412145, "volume": 1090938, "typical_volume": 1497973.0, "trend": 59.676707, "fair_value": 53.943243, "relative_strength": -2.56114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.608792, "energy": 57.851247, "activity_lines": [ 67.102489, 66.528677, 63.642645, 61.826959 ] }, { "date": "2024-02-16", "close": 67.696019, "volume": 1472998, "typical_volume": 1468877.95, "trend": 60.149062, "fair_value": 54.090363, "relative_strength": -1.747521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.461923, "energy": 54.083243, "activity_lines": [ 67.434324, 66.882802, 64.288044, 62.344334 ] }, { "date": "2024-02-23", "close": 69.658735, "volume": 1113927, "typical_volume": 1394262.25, "trend": 60.712055, "fair_value": 54.248425, "relative_strength": -0.080975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.145854, "energy": 57.744643, "activity_lines": [ 68.242397, 67.476118, 65.054886, 62.957861 ] }, { "date": "2024-03-01", "close": 69.44655, "volume": 2987885, "typical_volume": 1473345.7, "trend": 61.337887, "fair_value": 54.41226, "relative_strength": -2.078875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.081659, "energy": 52.616399, "activity_lines": [ 68.778165, 67.917528, 65.725116, 63.521377 ] }, { "date": "2024-03-08", "close": 59.96893, "volume": 3833154, "typical_volume": 1595178.8, "trend": 61.341505, "fair_value": 54.482351, "relative_strength": -13.719196, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.784299, "energy": 18.88233, "activity_lines": [ 66.027416, 66.577223, 65.422051, 63.433057 ] }, { "date": "2024-03-15", "close": 58.267886, "volume": 4117752, "typical_volume": 1741111.05, "trend": 61.297304, "fair_value": 54.541683, "relative_strength": -14.780501, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.926312, "energy": 13.480202, "activity_lines": [ 63.104553, 65.059931, 64.932115, 63.234759 ] }, { "date": "2024-03-22", "close": 56.248746, "volume": 2658303, "typical_volume": 1800312.05, "trend": 61.159132, "fair_value": 54.570071, "relative_strength": -19.766471, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.261233, "energy": 39.35683, "activity_lines": [ 60.184927, 63.313509, 64.235892, 62.909046 ] }, { "date": "2024-03-29", "close": 58.626844, "volume": 1337404, "typical_volume": 1769421.8, "trend": 61.041841, "fair_value": 54.612142, "relative_strength": -15.542967, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.783127, "energy": 40.238514, "activity_lines": [ 58.821151, 62.159055, 63.775478, 62.745672 ] }, { "date": "2024-04-05", "close": 56.832053, "volume": 2453954, "typical_volume": 1802108.8, "trend": 60.976274, "fair_value": 54.632609, "relative_strength": -17.018396, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.90229, "energy": 59.806879, "activity_lines": [ 57.594572, 60.823879, 63.135447, 62.474073 ] }, { "date": "2024-04-12", "close": 56.535912, "volume": 2299160, "typical_volume": 1858240.7, "trend": 60.957191, "fair_value": 54.658056, "relative_strength": -16.460837, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.314097, "energy": 60.675486, "activity_lines": [ 57.110245, 59.629493, 62.468819, 62.187598 ] }, { "date": "2024-04-19", "close": 56.796157, "volume": 1906679, "typical_volume": 1870980.4, "trend": 60.948817, "fair_value": 54.688391, "relative_strength": -10.803305, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.705001, "energy": 48.580487, "activity_lines": [ 56.941535, 58.652543, 61.836883, 61.919144 ] }, { "date": "2024-04-26", "close": 59.039646, "volume": 1656141, "typical_volume": 1871399.8, "trend": 61.118642, "fair_value": 54.69847, "relative_strength": -10.286223, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.664799, "energy": 34.40225, "activity_lines": [ 57.61877, 58.2947, 61.423701, 61.795972 ] }, { "date": "2024-05-03", "close": 56.59873, "volume": 1913592, "typical_volume": 1845555.75, "trend": 61.218141, "fair_value": 54.680755, "relative_strength": -14.376532, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.841941, "energy": 33.566981, "activity_lines": [ 57.296305, 57.650443, 60.788454, 61.504365 ] }, { "date": "2024-05-10", "close": 53.475794, "volume": 2943557, "typical_volume": 1924450.9, "trend": 61.180427, "fair_value": 54.643395, "relative_strength": -19.826905, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.561813, "energy": 49.225566, "activity_lines": [ 56.06807, 56.675833, 59.888295, 61.004858 ] }, { "date": "2024-05-17", "close": 53.08094, "volume": 2977227, "typical_volume": 2038754.2, "trend": 61.124902, "fair_value": 54.619275, "relative_strength": -21.699698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.238896, "energy": 58.472152, "activity_lines": [ 54.931968, 55.91981, 59.011256, 60.482311 ] }, { "date": "2024-05-24", "close": 53.951238, "volume": 1815893, "typical_volume": 2077463.9, "trend": 61.078925, "fair_value": 54.592552, "relative_strength": -21.091407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.280564, "energy": 66.085736, "activity_lines": [ 54.316296, 55.447258, 58.284553, 60.019494 ] }, { "date": "2024-05-31", "close": 54.024219, "volume": 1500586, "typical_volume": 2098592.55, "trend": 60.939517, "fair_value": 54.566889, "relative_strength": -19.36156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.086526, "energy": 72.520707, "activity_lines": [ 53.914612, 55.066461, 57.621494, 59.564351 ] }, { "date": "2024-06-07", "close": 50.274818, "volume": 2960251, "typical_volume": 2197687.4, "trend": 60.721898, "fair_value": 54.51108, "relative_strength": -26.519249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.233487, "energy": 86.384477, "activity_lines": [ 52.59749, 54.0444, 56.653738, 58.876306 ] }, { "date": "2024-06-14", "close": 47.601887, "volume": 3414415, "typical_volume": 2300544.0, "trend": 60.402981, "fair_value": 54.43454, "relative_strength": -32.301112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.524315, "energy": 91.911805, "activity_lines": [ 50.810985, 52.688206, 55.509324, 58.029854 ] }, { "date": "2024-06-21", "close": 47.173123, "volume": 2935335, "typical_volume": 2369457.55, "trend": 60.021544, "fair_value": 54.352639, "relative_strength": -32.559351, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.931812, "energy": 91.893991, "activity_lines": [ 49.273153, 51.421877, 54.419004, 57.176315 ] }, { "date": "2024-06-28", "close": 51.488128, "volume": 3600578, "typical_volume": 2494939.55, "trend": 59.80899, "fair_value": 54.308896, "relative_strength": -25.853942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.553649, "energy": 82.110428, "activity_lines": [ 49.56751, 51.110327, 53.828777, 56.625772 ] }, { "date": "2024-07-05", "close": 51.15059, "volume": 1712491, "typical_volume": 2506914.2, "trend": 59.473197, "fair_value": 54.262348, "relative_strength": -28.393793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.06292, "energy": 59.832415, "activity_lines": [ 49.913562, 50.833915, 53.286993, 56.067165 ] }, { "date": "2024-07-12", "close": 59.278854, "volume": 3384449, "typical_volume": 2620440.3, "trend": 59.334966, "fair_value": 54.262828, "relative_strength": -16.511913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.38909, "energy": 21.174624, "activity_lines": [ 53.16061, 52.178807, 53.598117, 56.054627 ] }, { "date": "2024-07-19", "close": 60.492164, "volume": 2693650, "typical_volume": 2605728.55, "trend": 59.143758, "fair_value": 54.27084, "relative_strength": -11.100061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.269287, "energy": 18.986073, "activity_lines": [ 56.211826, 53.695572, 54.074223, 56.129285 ] }, { "date": "2024-07-26", "close": 62.544756, "volume": 1875062, "typical_volume": 2507823.95, "trend": 58.987079, "fair_value": 54.289298, "relative_strength": -5.603635, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.848252, "energy": 41.95883, "activity_lines": [ 59.087887, 55.457965, 54.788454, 56.348704 ] }, { "date": "2024-08-02", "close": 60.984786, "volume": 1827176, "typical_volume": 2393295.15, "trend": 58.824669, "fair_value": 54.296032, "relative_strength": -5.025587, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.619652, "energy": 42.623709, "activity_lines": [ 60.419183, 56.764657, 55.34185, 56.477589 ] }, { "date": "2024-08-09", "close": 65.217687, "volume": 2883531, "typical_volume": 2404556.55, "trend": 58.831058, "fair_value": 54.35597, "relative_strength": 1.461862, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.065399, "energy": 61.366552, "activity_lines": [ 62.528335, 58.713085, 56.285443, 56.890041 ] }, { "date": "2024-08-16", "close": 67.014845, "volume": 2111091, "typical_volume": 2443240.9, "trend": 58.843717, "fair_value": 54.428783, "relative_strength": -0.791776, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.311139, "energy": 69.628273, "activity_lines": [ 64.298734, 60.784752, 57.357483, 57.418028 ] }, { "date": "2024-08-23", "close": 67.436878, "volume": 1804610, "typical_volume": 2410773.7, "trend": 58.840383, "fair_value": 54.502556, "relative_strength": -0.844543, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.22142, "energy": 67.860441, "activity_lines": [ 65.694077, 62.628787, 58.429775, 57.972425 ] }, { "date": "2024-08-30", "close": 64.709074, "volume": 1814250, "typical_volume": 2386528.2, "trend": 58.800938, "fair_value": 54.544489, "relative_strength": -3.720094, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.776306, "energy": 55.050802, "activity_lines": [ 65.717172, 63.616222, 59.191777, 58.35105 ] }, { "date": "2024-09-06", "close": 67.668048, "volume": 1452947, "typical_volume": 2363841.6, "trend": 58.776135, "fair_value": 54.619645, "relative_strength": 6.989254, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.614421, "energy": 61.474229, "activity_lines": [ 66.582303, 64.822817, 60.196665, 58.923122 ] }, { "date": "2024-09-13", "close": 67.409138, "volume": 1575221, "typical_volume": 2359795.6, "trend": 58.766572, "fair_value": 54.68706, "relative_strength": 0.786804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.902744, "energy": 52.952022, "activity_lines": [ 66.91558, 65.688157, 61.125125, 59.48009 ] }, { "date": "2024-09-20", "close": 66.845083, "volume": 2811746, "typical_volume": 2404703.3, "trend": 58.672783, "fair_value": 54.754398, "relative_strength": -1.234465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.408862, "energy": 46.998386, "activity_lines": [ 66.914742, 66.155332, 61.960011, 60.001284 ] }, { "date": "2024-09-27", "close": 70.747231, "volume": 2069090, "typical_volume": 2360979.95, "trend": 58.71614, "fair_value": 54.848245, "relative_strength": 3.549179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.995501, "energy": 55.432154, "activity_lines": [ 68.225938, 67.19442, 63.117737, 60.780281 ] }, { "date": "2024-10-04", "close": 70.358866, "volume": 1911106, "typical_volume": 2307673.9, "trend": 59.062471, "fair_value": 54.939204, "relative_strength": 2.91155, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.993111, "energy": 52.468907, "activity_lines": [ 69.186988, 67.976441, 64.156232, 61.531424 ] }, { "date": "2024-10-11", "close": 74.390468, "volume": 1864961, "typical_volume": 2310127.3, "trend": 59.59989, "fair_value": 55.051272, "relative_strength": 7.47243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.436594, "energy": 72.541971, "activity_lines": [ 71.115253, 69.349405, 65.496412, 62.520327 ] }, { "date": "2024-10-18", "close": 78.542279, "volume": 1541560, "typical_volume": 2312176.0, "trend": 60.343008, "fair_value": 55.18467, "relative_strength": 13.163208, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.975571, "energy": 89.335193, "activity_lines": [ 73.979294, 71.233505, 67.134674, 63.742417 ] }, { "date": "2024-10-25", "close": 75.71276, "volume": 1493575, "typical_volume": 2238842.2, "trend": 60.912538, "fair_value": 55.288267, "relative_strength": 9.025853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.503008, "energy": 84.080926, "activity_lines": [ 75.157952, 72.360881, 68.386705, 64.734014 ] }, { "date": "2024-11-01", "close": 75.46772, "volume": 1414951, "typical_volume": 2138869.0, "trend": 61.533727, "fair_value": 55.396176, "relative_strength": 10.501052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.733974, "energy": 82.528748, "activity_lines": [ 75.663752, 73.28556, 69.494266, 65.673058 ] }, { "date": "2024-11-08", "close": 77.441911, "volume": 2381389, "typical_volume": 2111171.7, "trend": 62.230594, "fair_value": 55.505175, "relative_strength": 7.508608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.842787, "energy": 82.51586, "activity_lines": [ 76.512916, 74.423168, 70.65715, 66.699392 ] }, { "date": "2024-11-15", "close": 73.419555, "volume": 1965777, "typical_volume": 2029431.65, "trend": 62.784707, "fair_value": 55.584139, "relative_strength": 5.549093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.554722, "energy": 54.836474, "activity_lines": [ 75.549092, 74.597933, 71.292816, 67.421261 ] }, { "date": "2024-11-22", "close": 77.811783, "volume": 2070354, "typical_volume": 2047324.8, "trend": 63.410445, "fair_value": 55.698914, "relative_strength": 9.789244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.587488, "energy": 55.700914, "activity_lines": [ 76.114071, 75.466711, 72.242354, 68.39075 ] }, { "date": "2024-11-29", "close": 76.90879, "volume": 1670257, "typical_volume": 1961615.2, "trend": 64.087447, "fair_value": 55.818124, "relative_strength": 7.652573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.896066, "energy": 51.826421, "activity_lines": [ 76.426753, 75.98217, 72.978935, 69.26161 ] }, { "date": "2024-12-06", "close": 73.128384, "volume": 2350329, "typical_volume": 1944449.15, "trend": 64.742533, "fair_value": 55.904539, "relative_strength": -0.644424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.726151, "energy": 36.727415, "activity_lines": [ 75.399563, 75.627306, 73.271524, 69.844897 ] }, { "date": "2024-12-13", "close": 72.323645, "volume": 1680253, "typical_volume": 1934708.7, "trend": 65.383957, "fair_value": 56.006947, "relative_strength": -2.202385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.35198, "energy": 30.934952, "activity_lines": [ 74.260083, 75.082832, 73.4273, 70.334001 ] }, { "date": "2024-12-20", "close": 72.370432, "volume": 3234648, "typical_volume": 2005082.3, "trend": 65.99793, "fair_value": 56.100389, "relative_strength": 0.425087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.251556, "energy": 19.833699, "activity_lines": [ 73.477417, 74.511142, 73.540965, 70.784741 ] }, { "date": "2024-12-27", "close": 70.901314, "volume": 1218330, "typical_volume": 1921822.25, "trend": 66.5605, "fair_value": 56.186328, "relative_strength": -2.104419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.845099, "energy": 21.242048, "activity_lines": [ 72.274986, 73.709067, 73.460497, 71.101088 ] }, { "date": "2025-01-03", "close": 70.779667, "volume": 1852834, "typical_volume": 1908909.4, "trend": 67.243995, "fair_value": 56.291883, "relative_strength": -1.103982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.480906, "energy": 14.791135, "activity_lines": [ 71.492704, 73.023801, 73.341379, 71.373293 ] }, { "date": "2025-01-10", "close": 67.120909, "volume": 1923323, "typical_volume": 1914845.05, "trend": 67.894629, "fair_value": 56.399872, "relative_strength": -3.742882, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.185749, "energy": 20.641542, "activity_lines": [ 69.899444, 71.762999, 72.855879, 71.365352 ] }, { "date": "2025-01-17", "close": 67.935006, "volume": 1557581, "typical_volume": 1902011.6, "trend": 68.586692, "fair_value": 56.528188, "relative_strength": -4.907389, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.050831, "energy": 23.154541, "activity_lines": [ 68.978048, 70.801975, 72.449418, 71.367957 ] }, { "date": "2025-01-24", "close": 70.835812, "volume": 1298233, "typical_volume": 1894275.9, "trend": 69.231614, "fair_value": 56.662407, "relative_strength": -1.958412, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.036159, "energy": 21.566642, "activity_lines": [ 69.316164, 70.541223, 72.303862, 71.513061 ] }, { "date": "2025-01-31", "close": 70.498944, "volume": 1390789, "typical_volume": 1885054.3, "trend": 69.87656, "fair_value": 56.799151, "relative_strength": -0.780333, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.975441, "energy": 26.32832, "activity_lines": [ 69.644298, 70.266199, 72.111139, 71.594824 ] }, { "date": "2025-02-07", "close": 75.224451, "volume": 1575971, "typical_volume": 1823265.55, "trend": 70.40808, "fair_value": 56.954049, "relative_strength": 5.946514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.223541, "energy": 17.128708, "activity_lines": [ 71.574426, 70.983319, 72.35375, 71.93985 ] }, { "date": "2025-02-14", "close": 76.730998, "volume": 1207917, "typical_volume": 1780206.9, "trend": 70.949374, "fair_value": 57.126562, "relative_strength": 5.242067, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.609613, "energy": 33.730618, "activity_lines": [ 73.710417, 72.004981, 72.699941, 72.34778 ] }, { "date": "2025-02-21", "close": 74.794009, "volume": 1034543, "typical_volume": 1736378.75, "trend": 71.357682, "fair_value": 57.283686, "relative_strength": 5.211624, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.232741, "energy": 34.197862, "activity_lines": [ 74.560073, 72.608962, 72.833162, 72.595821 ] }, { "date": "2025-02-28", "close": 68.374806, "volume": 2739178, "typical_volume": 1780089.6, "trend": 71.604016, "fair_value": 57.401375, "relative_strength": -0.112483, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 7.901557, "energy": 14.194671, "activity_lines": [ 72.812727, 72.000898, 72.333911, 72.403377 ] }, { "date": "2025-03-07", "close": 66.989905, "volume": 2643094, "typical_volume": 1835166.3, "trend": 71.66309, "fair_value": 57.50917, "relative_strength": 1.141089, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.362829, "energy": 15.109261, "activity_lines": [ 70.767815, 71.213683, 71.731411, 72.105693 ] }, { "date": "2025-03-14", "close": 65.070251, "volume": 1794670, "typical_volume": 1850221.05, "trend": 71.598271, "fair_value": 57.594906, "relative_strength": 0.718892, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.365756, "energy": 48.934063, "activity_lines": [ 68.316954, 70.148555, 71.001098, 71.680348 ] }, { "date": "2025-03-21", "close": 64.870824, "volume": 2031031, "typical_volume": 1881025.05, "trend": 71.512735, "fair_value": 57.695398, "relative_strength": 0.044962, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.116262, "energy": 70.683549, "activity_lines": [ 66.476564, 69.150976, 70.30247, 71.246319 ] }, { "date": "2025-03-28", "close": 58.47016, "volume": 2802144, "typical_volume": 1902062.8, "trend": 71.304772, "fair_value": 57.718862, "relative_strength": -7.565295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.764827, "energy": 83.773424, "activity_lines": [ 63.293298, 67.030551, 69.044717, 70.404863 ] }, { "date": "2025-04-04", "close": 54.054272, "volume": 2774211, "typical_volume": 1942484.5, "trend": 70.850979, "fair_value": 57.715295, "relative_strength": -5.165645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.278161, "energy": 91.942246, "activity_lines": [ 59.726325, 64.279324, 67.456744, 69.291927 ] }, { "date": "2025-04-11", "close": 49.12557, "volume": 6519347, "typical_volume": 2164934.15, "trend": 70.241527, "fair_value": 57.691316, "relative_strength": -19.582496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.936126, "energy": 95.957198, "activity_lines": [ 55.471154, 60.93709, 65.491587, 67.890288 ] }, { "date": "2025-04-18", "close": 50.426596, "volume": 2124156, "typical_volume": 2187629.1, "trend": 69.694244, "fair_value": 57.686043, "relative_strength": -15.24412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.455467, "energy": 92.423992, "activity_lines": [ 52.840615, 58.220012, 63.786939, 66.611905 ] }, { "date": "2025-04-25", "close": 50.834947, "volume": 2201342, "typical_volume": 2180179.75, "trend": 69.030501, "fair_value": 57.713206, "relative_strength": -19.353453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.780407, "energy": 89.165869, "activity_lines": [ 51.322436, 56.028049, 62.247286, 65.395177 ] }, { "date": "2025-05-02", "close": 53.617431, "volume": 2393201, "typical_volume": 2215827.15, "trend": 68.472453, "fair_value": 57.75019, "relative_strength": -17.519752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.643539, "energy": 82.735865, "activity_lines": [ 51.667476, 54.812831, 61.078791, 64.400785 ] }, { "date": "2025-05-09", "close": 46.466541, "volume": 5164590, "typical_volume": 2312324.25, "trend": 67.541656, "fair_value": 57.741382, "relative_strength": -28.118806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.062974, "energy": 70.325806, "activity_lines": [ 49.952402, 52.682479, 59.318337, 62.981049 ] }, { "date": "2025-05-16", "close": 48.042966, "volume": 3724145, "typical_volume": 2437615.0, "trend": 66.525012, "fair_value": 57.750869, "relative_strength": -30.195544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.557436, "energy": 65.513602, "activity_lines": [ 49.268652, 51.237082, 57.83137, 61.723069 ] }, { "date": "2025-05-23", "close": 45.509086, "volume": 5274721, "typical_volume": 2608709.35, "trend": 65.518223, "fair_value": 57.72447, "relative_strength": -31.994998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.582593, "energy": 66.301116, "activity_lines": [ 47.812448, 49.675469, 56.21193, 60.367203 ] }, { "date": "2025-05-30", "close": 44.363837, "volume": 3935174, "typical_volume": 2709301.9, "trend": 64.481427, "fair_value": 57.697726, "relative_strength": -34.63075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.747892, "energy": 68.549369, "activity_lines": [ 46.302329, 48.261287, 54.603755, 59.002403 ] }, { "date": "2025-06-06", "close": 46.431108, "volume": 3987206, "typical_volume": 2830783.15, "trend": 63.447733, "fair_value": 57.68496, "relative_strength": -32.766325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.131086, "energy": 64.268071, "activity_lines": [ 45.912708, 47.595826, 53.30083, 57.837867 ] }, { "date": "2025-06-13", "close": 45.596435, "volume": 3782890, "typical_volume": 2955016.0, "trend": 62.520296, "fair_value": 57.682081, "relative_strength": -33.472393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.570703, "energy": 62.88972, "activity_lines": [ 45.72395, 46.997499, 52.020812, 56.68617 ] }, { "date": "2025-06-20", "close": 46.052593, "volume": 4629907, "typical_volume": 3116971.9, "trend": 61.461656, "fair_value": 57.655953, "relative_strength": -32.676547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.468117, "energy": 58.263828, "activity_lines": [ 45.745253, 46.635888, 50.904425, 55.623738 ] }, { "date": "2025-06-27", "close": 46.780506, "volume": 3232395, "typical_volume": 3199793.1, "trend": 60.45738, "fair_value": 57.636045, "relative_strength": -34.116739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.676149, "energy": 53.660078, "activity_lines": [ 46.141884, 46.462498, 49.973774, 54.676567 ] }, { "date": "2025-07-04", "close": 48.847777, "volume": 1784144, "typical_volume": 3228604.45, "trend": 59.648027, "fair_value": 57.635091, "relative_strength": -32.050996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.976358, "energy": 43.807106, "activity_lines": [ 47.142844, 46.731267, 49.375453, 53.92756 ] }, { "date": "2025-07-11", "close": 47.945166, "volume": 1972169, "typical_volume": 3275485.75, "trend": 58.835411, "fair_value": 57.62835, "relative_strength": -32.723574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.027433, "energy": 40.160905, "activity_lines": [ 47.544005, 46.872056, 48.823947, 53.172537 ] }, { "date": "2025-07-18", "close": 48.527496, "volume": 3391806, "typical_volume": 3308117.15, "trend": 58.040646, "fair_value": 57.618345, "relative_strength": -32.342725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.040582, "energy": 31.277328, "activity_lines": [ 48.038339, 47.221855, 48.455753, 52.50751 ] }, { "date": "2025-07-25", "close": 47.391952, "volume": 2975220, "typical_volume": 3324723.45, "trend": 57.257001, "fair_value": 57.591422, "relative_strength": -34.003919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.902867, "energy": 27.379582, "activity_lines": [ 47.958753, 47.32772, 48.073922, 51.820497 ] }, { "date": "2025-08-01", "close": 43.810623, "volume": 3444867, "typical_volume": 3407233.3, "trend": 56.358033, "fair_value": 57.566626, "relative_strength": -37.065945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.592807, "energy": 42.54289, "activity_lines": [ 46.596101, 46.79427, 47.444336, 50.952989 ] }, { "date": "2025-08-08", "close": 29.718238, "volume": 12327694, "typical_volume": 3922066.45, "trend": 55.111277, "fair_value": 57.444756, "relative_strength": -58.245733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.453209, "energy": 80.522308, "activity_lines": [ 40.73398, 43.72945, 45.573855, 49.234293 ] }, { "date": "2025-08-15", "close": 33.241335, "volume": 12955220, "typical_volume": 4429720.25, "trend": 53.954821, "fair_value": 57.354936, "relative_strength": -52.905256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.112026, "energy": 91.798565, "activity_lines": [ 37.321526, 41.571476, 44.206299, 47.823329 ] }, { "date": "2025-08-22", "close": 38.257394, "volume": 10275382, "typical_volume": 4804778.8, "trend": 52.868874, "fair_value": 57.31064, "relative_strength": -44.642101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.748926, "energy": 85.87213, "activity_lines": [ 36.561348, 40.565327, 43.436601, 46.810592 ] }, { "date": "2025-08-29", "close": 38.107873, "volume": 5674258, "typical_volume": 4762524.35, "trend": 51.789172, "fair_value": 57.27349, "relative_strength": -44.085368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.721333, "energy": 84.815419, "activity_lines": [ 36.436003, 39.66543, 42.727886, 45.858269 ] }, { "date": "2025-09-05", "close": 36.762185, "volume": 5391674, "typical_volume": 4925900.25, "trend": 50.507096, "fair_value": 57.227188, "relative_strength": -45.823937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.143872, "energy": 59.890301, "activity_lines": [ 36.481034, 38.665312, 41.943476, 44.888786 ] }, { "date": "2025-09-12", "close": 35.894965, "volume": 9487212, "typical_volume": 5290193.75, "trend": 49.145895, "fair_value": 57.174011, "relative_strength": -47.358011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.182989, "energy": 53.778717, "activity_lines": [ 36.706887, 37.689668, 41.141542, 43.946068 ] }, { "date": "2025-09-19", "close": 36.503016, "volume": 9604881, "typical_volume": 5650777.75, "trend": 47.869528, "fair_value": 57.133521, "relative_strength": -46.910858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.937034, "energy": 49.181062, "activity_lines": [ 36.723642, 37.060085, 40.46866, 43.130398 ] }, { "date": "2025-09-26", "close": 39.393752, "volume": 6882205, "typical_volume": 5736658.5, "trend": 46.903493, "fair_value": 57.111509, "relative_strength": -41.666443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.577338, "energy": 38.190107, "activity_lines": [ 37.486531, 37.16413, 40.152583, 42.583574 ] }, { "date": "2025-10-03", "close": 41.536884, "volume": 5944054, "typical_volume": 5847653.95, "trend": 46.055059, "fair_value": 57.105656, "relative_strength": -38.431039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.194027, "energy": 27.723456, "activity_lines": [ 38.888039, 37.823903, 40.074295, 42.237341 ] }, { "date": "2025-10-10", "close": 41.91567, "volume": 5292980, "typical_volume": 5848566.9, "trend": 45.28324, "fair_value": 57.109337, "relative_strength": -35.535706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.42622, "energy": 20.637985, "activity_lines": [ 40.187209, 38.659001, 40.063062, 41.970284 ] }, { "date": "2025-10-17", "close": 43.311197, "volume": 4975546, "typical_volume": 5900585.5, "trend": 44.564586, "fair_value": 57.119701, "relative_strength": -33.968215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.360787, "energy": 19.671102, "activity_lines": [ 41.607989, 39.782286, 40.201849, 41.843055 ] }, { "date": "2025-10-24", "close": 42.822763, "volume": 5216933, "typical_volume": 5962071.85, "trend": 44.043006, "fair_value": 57.11288, "relative_strength": -35.138307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.728, "energy": 18.246638, "activity_lines": [ 42.371542, 40.56962, 40.29913, 41.730679 ] }, { "date": "2025-10-31", "close": 41.118225, "volume": 4123374, "typical_volume": 5979096.05, "trend": 43.611804, "fair_value": 57.092869, "relative_strength": -37.89727, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.48324, "energy": 15.878364, "activity_lines": [ 42.145599, 40.87283, 40.251257, 41.541984 ] }, { "date": "2025-11-07", "close": 23.41496, "volume": 12965070, "typical_volume": 6395854.2, "trend": 42.754784, "fair_value": 56.943902, "relative_strength": -62.744816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.042833, "energy": 56.04379, "activity_lines": [ 35.903604, 37.905249, 38.538684, 40.238962 ] }, { "date": "2025-11-14", "close": 17.493936, "volume": 14946243, "typical_volume": 6981546.6, "trend": 41.657029, "fair_value": 56.744546, "relative_strength": -71.487584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.466789, "energy": 91.250365, "activity_lines": [ 28.896061, 34.128263, 36.370001, 38.60923 ] }, { "date": "2025-11-21", "close": 17.015469, "volume": 11908741, "typical_volume": 7487776.45, "trend": 40.529713, "fair_value": 56.53993, "relative_strength": -70.680276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.634504, "energy": 94.996946, "activity_lines": [ 23.357145, 30.614614, 34.295211, 37.019452 ] }, { "date": "2025-11-28", "close": 19.041358, "volume": 6115112, "typical_volume": 7694923.6, "trend": 39.377177, "fair_value": 56.354451, "relative_strength": -67.978313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.752534, "energy": 89.996832, "activity_lines": [ 20.246575, 27.812573, 32.564944, 35.633106 ] }, { "date": "2025-12-05", "close": 19.580264, "volume": 6172291, "typical_volume": 7833947.85, "trend": 38.480968, "fair_value": 56.176009, "relative_strength": -66.677031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.133833, "energy": 88.276494, "activity_lines": [ 18.901066, 25.425999, 31.02364, 34.355886 ] }, { "date": "2025-12-12", "close": 23.222872, "volume": 7394790, "typical_volume": 8054926.35, "trend": 37.653631, "fair_value": 56.030542, "relative_strength": -58.878837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.529125, "energy": 84.684723, "activity_lines": [ 20.205624, 24.061962, 29.967094, 33.371493 ] }, { "date": "2025-12-19", "close": 21.73589, "volume": 9729133, "typical_volume": 8369139.65, "trend": 36.861191, "fair_value": 55.863833, "relative_strength": -60.866806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.780563, "energy": 63.225525, "activity_lines": [ 21.027328, 22.760547, 28.884022, 32.344542 ] }, { "date": "2025-12-26", "close": 22.51431, "volume": 3782278, "typical_volume": 7941868.85, "trend": 36.132874, "fair_value": 55.702916, "relative_strength": -59.085718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.379309, "energy": 55.663596, "activity_lines": [ 21.825707, 21.967568, 27.980202, 31.418936 ] }, { "date": "2026-01-02", "close": 20.578239, "volume": 5127966, "typical_volume": 7550506.15, "trend": 35.271111, "fair_value": 55.50932, "relative_strength": -61.067679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.00946, "energy": 49.735207, "activity_lines": [ 21.612141, 21.200702, 26.9263, 30.415412 ] }, { "date": "2026-01-09", "close": 22.89354, "volume": 4972194, "typical_volume": 7285346.75, "trend": 34.514348, "fair_value": 55.307465, "relative_strength": -56.690485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.338605, "energy": 44.390895, "activity_lines": [ 22.067883, 21.259245, 26.153202, 29.616859 ] }, { "date": "2026-01-16", "close": 23.801697, "volume": 4120109, "typical_volume": 7207639.3, "trend": 33.772652, "fair_value": 55.098222, "relative_strength": -53.602855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.29332, "energy": 38.877923, "activity_lines": [ 22.605458, 21.814266, 25.539758, 28.92572 ] }, { "date": "2026-01-23", "close": 24.240806, "volume": 2700097, "typical_volume": 7073060.45, "trend": 33.021328, "fair_value": 54.889816, "relative_strength": -51.785453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.570593, "energy": 32.722209, "activity_lines": [ 23.250815, 22.442093, 25.036257, 28.310762 ] }, { "date": "2026-01-30", "close": 24.250786, "volume": 3025298, "typical_volume": 6749964.75, "trend": 32.201429, "fair_value": 54.675484, "relative_strength": -50.561426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.867959, "energy": 25.265306, "activity_lines": [ 23.732504, 22.949064, 24.593333, 27.74492 ] }, { "date": "2026-02-06", "close": 24.240806, "volume": 5435879, "typical_volume": 6541514.65, "trend": 31.411283, "fair_value": 54.476918, "relative_strength": -48.2693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.876248, "energy": 24.390745, "activity_lines": [ 24.095102, 23.322669, 24.204907, 27.231332 ] }, { "date": "2026-02-13", "close": 26.406412, "volume": 4395490, "typical_volume": 6417178.9, "trend": 30.673914, "fair_value": 54.282394, "relative_strength": -41.468079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.723089, "energy": 22.673132, "activity_lines": [ 24.935397, 23.995486, 24.08112, 26.908437 ] }, { "date": "2026-02-20", "close": 18.54736, "volume": 12167459, "typical_volume": 6728349.15, "trend": 29.712428, "fair_value": 54.065459, "relative_strength": -58.146313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.058664, "energy": 41.132375, "activity_lines": [ 22.921816, 23.115272, 23.270697, 26.126079 ] }, { "date": "2026-02-27", "close": 18.722006, "volume": 7929053, "typical_volume": 6860152.8, "trend": 28.87614, "fair_value": 53.842799, "relative_strength": -56.445158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.263838, "energy": 53.722526, "activity_lines": [ 21.31674, 22.351821, 22.58638, 25.417019 ] }, { "date": "2026-03-06", "close": 23.043237, "volume": 6937529, "typical_volume": 6958251.95, "trend": 28.65364, "fair_value": 53.659574, "relative_strength": -44.226029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.898232, "energy": 37.425674, "activity_lines": [ 21.519995, 22.428847, 22.424056, 25.040703 ] }, { "date": "2026-03-13", "close": 18.77819, "volume": 4901838, "typical_volume": 6942497.2, "trend": 28.171535, "fair_value": 53.443635, "relative_strength": -52.705064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.652172, "energy": 58.269958, "activity_lines": [ 20.38207, 21.720793, 21.952051, 24.403577 ] }, { "date": "2026-03-20", "close": 18.02906, "volume": 7486964, "typical_volume": 7110676.7, "trend": 27.497258, "fair_value": 53.235217, "relative_strength": -52.245586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.208211, "energy": 62.607266, "activity_lines": [ 19.35861, 20.909261, 21.523197, 23.749224 ] }, { "date": "2026-03-27", "close": 17.599559, "volume": 4817408, "typical_volume": 6703293.6, "trend": 26.813647, "fair_value": 53.002114, "relative_strength": -50.449857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.112373, "energy": 50.563217, "activity_lines": [ 18.750472, 20.108083, 21.163388, 23.110663 ] }, { "date": "2026-04-03", "close": 18.977958, "volume": 4016860, "typical_volume": 6156824.45, "trend": 26.22084, "fair_value": 52.772744, "relative_strength": -47.066249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.662551, "energy": 53.326039, "activity_lines": [ 18.664988, 19.67029, 20.962547, 22.605134 ] }, { "date": "2026-04-10", "close": 20.286439, "volume": 4094320, "typical_volume": 5766103.4, "trend": 25.700555, "fair_value": 52.528092, "relative_strength": -44.519309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.990077, "energy": 41.03088, "activity_lines": [ 18.998601, 19.56609, 20.879256, 22.22227 ] }, { "date": "2026-04-17", "close": 23.602587, "volume": 4762275, "typical_volume": 5698461.55, "trend": 25.270541, "fair_value": 52.313872, "relative_strength": -37.651296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.227419, "energy": 17.492412, "activity_lines": [ 20.621383, 20.136906, 21.096213, 22.086917 ] }, { "date": "2026-04-24", "close": 24.441613, "volume": 4118204, "typical_volume": 5595757.2, "trend": 24.772136, "fair_value": 52.095747, "relative_strength": -35.308148, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.820343, "energy": 13.761347, "activity_lines": [ 22.202214, 20.871875, 21.371357, 22.033438 ] }, { "date": "2026-05-01", "close": 23.133132, "volume": 4920833, "typical_volume": 5472059.35, "trend": 24.158678, "fair_value": 51.880797, "relative_strength": -38.119688, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.556192, "energy": 19.953306, "activity_lines": [ 22.919381, 21.404663, 21.498734, 21.927695 ] }, { "date": "2026-05-08", "close": 16.630684, "volume": 16062056, "typical_volume": 5788705.5, "trend": 23.315845, "fair_value": 51.639583, "relative_strength": -56.750001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.299324, "energy": 21.405675, "activity_lines": [ 21.10016, 20.671809, 21.007258, 21.442018 ] }, { "date": "2026-05-15", "close": 16.460882, "volume": 4702655, "typical_volume": 5834724.35, "trend": 22.420835, "fair_value": 51.401439, "relative_strength": -55.968203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.096023, "energy": 29.652347, "activity_lines": [ 19.380824, 19.946107, 20.523921, 20.999763 ] }, { "date": "2026-05-22", "close": 18.16, "volume": 4732758, "typical_volume": 5814963.95, "trend": 21.598743, "fair_value": 51.168677, "relative_strength": -50.85201, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.393329, "energy": 50.639457, "activity_lines": [ 18.482897, 19.649014, 20.231231, 20.72487 ] }, { "date": "2026-05-29", "close": 17.76, "volume": 7004755, "typical_volume": 5916592.0, "trend": 20.820135, "fair_value": 50.934894, "relative_strength": -52.184579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.296835, "energy": 57.242866, "activity_lines": [ 17.814476, 19.290433, 19.911961, 20.477209 ] }, { "date": "2026-06-05", "close": 16.83, "volume": 4304500, "typical_volume": 5925811.55, "trend": 20.600636, "fair_value": 50.696857, "relative_strength": -51.360267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.604391, "energy": 64.664483, "activity_lines": [ 17.281497, 18.767654, 19.528564, 20.219781 ] }, { "date": "2026-06-12", "close": 15.86, "volume": 4782063, "typical_volume": 6029909.85, "trend": 20.546172, "fair_value": 50.43778, "relative_strength": -54.029731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.141481, "energy": 64.097508, "activity_lines": [ 16.845392, 18.082503, 19.085986, 19.913934 ] }, { "date": "2026-06-19", "close": 14.19, "volume": 5205441, "typical_volume": 6138917.0, "trend": 20.45199, "fair_value": 50.173508, "relative_strength": -58.805035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.970692, "energy": 67.845326, "activity_lines": [ 15.904, 17.150406, 18.524268, 19.503858 ] }, { "date": "2026-06-26", "close": 13.41, "volume": 8935105, "typical_volume": 6313878.3, "trend": 20.264278, "fair_value": 49.888698, "relative_strength": -58.080839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.680413, "energy": 71.91844, "activity_lines": [ 14.854, 16.187336, 17.936173, 19.049536 ] }, { "date": "2026-07-03", "close": 12.99, "volume": 7807562, "typical_volume": 6484481.9, "trend": 20.044602, "fair_value": 49.61442, "relative_strength": -58.508112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.510096, "energy": 72.70582, "activity_lines": [ 13.980667, 15.333221, 17.359654, 18.580228 ] }, { "date": "2026-07-10", "close": 12.61, "volume": 5770343, "typical_volume": 6164626.1, "trend": 19.69084, "fair_value": 49.345915, "relative_strength": -59.198243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.994217, "energy": 73.786781, "activity_lines": [ 13.298667, 14.618226, 16.810831, 18.100576 ] }, { "date": "2026-07-17", "close": 10.97, "volume": 5579025, "typical_volume": 6047124.7, "trend": 19.331977, "fair_value": 49.073125, "relative_strength": -61.737637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.097045, "energy": 78.834799, "activity_lines": [ 12.351333, 13.79638, 16.134091, 17.537941 ] }, { "date": "2026-07-24", "close": 11.87, "volume": 5393717, "typical_volume": 5969934.1, "trend": 18.977166, "fair_value": 48.810952, "relative_strength": -56.57734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.188557, "energy": 69.168851, "activity_lines": [ 12.03, 13.241091, 15.57998, 17.056524 ] }, { "date": "2026-07-31", "close": 13.5, "volume": 5382495, "typical_volume": 5993966.95, "trend": 18.741225, "fair_value": 48.572672, "relative_strength": -49.429538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.093464, "energy": 52.833914, "activity_lines": [ 12.406667, 13.065636, 15.234313, 16.703158 ] }, { "date": "2026-08-07", "close": 9.92, "volume": 11463564, "typical_volume": 6192796.95, "trend": 18.308774, "fair_value": 48.252542, "relative_strength": -63.958688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.223729, "energy": 68.186494, "activity_lines": [ 11.584, 12.324, 14.572828, 16.134047 ] } ], "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." } } }