{ "ticker": { "uuid": "4eb69c0a-fdbb-4191-978e-00416dc59d89", "symbol": "JCQ", "name": "Jacquet Metals SA", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 55.316, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -53.165, "architecture_energy": 24.566, "architecture_maturity": 30.199, "architecture_confidence": 91.264, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 41.31, "rotation_up": 22.46, "upward_expansion": 4.35, "deceleration": 48.73, "rotation_down": 43.05, "downward_expansion": 73.01 }, "activity_lines": [ 21.383333, 21.454283, 21.63207, 21.743303 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 21.049999, "trend_reference": 22.026504, "distance_from_trend": -0.044333, "trend_direction": "Improving", "fair_value": 18.617915, "distance_from_fair_value": 0.130631, "fair_value_direction": "Weakening", "relative_strength": -5.044972, "relative_strength_direction": "Weakening", "price_momentum": -0.126556, "excess_performance": -0.179867, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044333, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.045794, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.130631, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.109714, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.05045, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.126367, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.126556, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.591032, "read": "Supply-led" } ], "volume": { "latest": 11203, "relative_activity": 0.8352, "balance": 0.591032, "dry_up": 0.507677, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.046324, "annualized_volatility": 0.293482, "from_high_reference": -0.17126, "from_low_reference": 0.23388 }, "levels": { "trend_reference": 22.026504, "fair_value_reference": 18.617915, "structural_low": 19.26, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.003378, "positive_rate": 0.466667, "directional_follow_through": 0.466667, "median_excess_return": 0.012509, "regime_survival": 0.466667, "best_return": 0.192683, "worst_return": -0.146283, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.033505, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.022215, "regime_survival": 0.0, "best_return": 0.158552, "worst_return": -0.129504, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.021468, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.049341, "regime_survival": 0.166667, "best_return": 0.198502, "worst_return": -0.185275, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.155225, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.096618, "regime_survival": 0.0, "best_return": 0.185331, "worst_return": -0.137318, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": 0.040151, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.060901, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": 0.065906, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-04-11", "tenure": "Established", "return": 0.086449, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.090206, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-09-05", "tenure": "Established", "return": -0.080568, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": -0.068493, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2025-12-26", "tenure": "Developing", "return": 0.145143, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.043544, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": 0.095455, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": -0.10998, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.143509, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": -0.036036, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.009569, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.722521, "volume": 31571, "typical_volume": 63462.05, "trend": 17.135505, "fair_value": 15.880331, "relative_strength": 6.784158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.762844, "energy": 24.034438, "activity_lines": [ 17.575159, 17.539915, 17.484394, 17.322995 ] }, { "date": "2023-08-25", "close": 17.683399, "volume": 24794, "typical_volume": 61034.55, "trend": 17.184748, "fair_value": 15.939346, "relative_strength": 5.566031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.628264, "energy": 21.342351, "activity_lines": [ 17.614282, 17.56892, 17.524016, 17.358343 ] }, { "date": "2023-09-01", "close": 17.644276, "volume": 16886, "typical_volume": 58968.55, "trend": 17.223416, "fair_value": 15.99833, "relative_strength": 4.32563, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 47.840801, "energy": 26.081528, "activity_lines": [ 17.629931, 17.593957, 17.551023, 17.38799 ] }, { "date": "2023-09-08", "close": 17.23349, "volume": 106262, "typical_volume": 59275.9, "trend": 17.241591, "fair_value": 16.056604, "relative_strength": 2.518801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.372594, "energy": 13.805424, "activity_lines": [ 17.522996, 17.533666, 17.532766, 17.38864 ] }, { "date": "2023-09-15", "close": 15.785953, "volume": 138106, "typical_volume": 61286.05, "trend": 17.194209, "fair_value": 16.112467, "relative_strength": -7.870603, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.693563, "energy": 36.531852, "activity_lines": [ 16.925725, 17.217128, 17.373434, 17.294728 ] }, { "date": "2023-09-22", "close": 15.394728, "volume": 85638, "typical_volume": 63302.65, "trend": 17.12946, "fair_value": 16.166702, "relative_strength": -7.816741, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.285766, "energy": 62.43535, "activity_lines": [ 16.319325, 16.856845, 17.179903, 17.178632 ] }, { "date": "2023-09-29", "close": 15.746831, "volume": 56964, "typical_volume": 61425.5, "trend": 17.063468, "fair_value": 16.220171, "relative_strength": -5.169042, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.27231, "energy": 70.049859, "activity_lines": [ 15.985479, 16.600415, 17.027565, 17.08943 ] }, { "date": "2023-10-06", "close": 15.864199, "volume": 88719, "typical_volume": 63244.0, "trend": 17.026112, "fair_value": 16.266975, "relative_strength": -3.448456, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.075349, "energy": 80.962028, "activity_lines": [ 15.81986, 16.397689, 16.892566, 17.012058 ] }, { "date": "2023-10-13", "close": 15.688148, "volume": 48536, "typical_volume": 64293.95, "trend": 16.970525, "fair_value": 16.314134, "relative_strength": -3.752016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.80744, "energy": 79.439863, "activity_lines": [ 15.714229, 16.199231, 16.750022, 16.925738 ] }, { "date": "2023-10-20", "close": 15.316483, "volume": 63780, "typical_volume": 64094.15, "trend": 16.943343, "fair_value": 16.357373, "relative_strength": -3.423982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.042522, "energy": 74.439204, "activity_lines": [ 15.587733, 15.95916, 16.579581, 16.819026 ] }, { "date": "2023-10-27", "close": 14.651399, "volume": 90906, "typical_volume": 64291.55, "trend": 16.878539, "fair_value": 16.396842, "relative_strength": -7.215064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.118044, "energy": 74.743161, "activity_lines": [ 15.27084, 15.639778, 16.35701, 16.671158 ] }, { "date": "2023-11-03", "close": 15.981565, "volume": 324923, "typical_volume": 77668.8, "trend": 16.884034, "fair_value": 16.444124, "relative_strength": -2.448677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.548318, "energy": 50.026701, "activity_lines": [ 15.446891, 15.618082, 16.277885, 16.613289 ] }, { "date": "2023-11-10", "close": 16.216301, "volume": 188223, "typical_volume": 84759.45, "trend": 16.879429, "fair_value": 16.490383, "relative_strength": -0.971235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.154317, "energy": 36.346612, "activity_lines": [ 15.685538, 15.670008, 16.230043, 16.570209 ] }, { "date": "2023-11-17", "close": 17.605152, "volume": 116209, "typical_volume": 87631.0, "trend": 16.91432, "fair_value": 16.542578, "relative_strength": 4.531576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.550128, "energy": 12.761228, "activity_lines": [ 16.363663, 16.000416, 16.318486, 16.61703 ] }, { "date": "2023-11-24", "close": 17.761642, "volume": 67299, "typical_volume": 86563.6, "trend": 16.958754, "fair_value": 16.589403, "relative_strength": 4.531231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 17.360405, "energy": 27.125789, "activity_lines": [ 16.96615, 16.352519, 16.421881, 16.671696 ] }, { "date": "2023-12-01", "close": 17.918133, "volume": 57476, "typical_volume": 85873.2, "trend": 16.989244, "fair_value": 16.635033, "relative_strength": 4.54426, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.233562, "energy": 37.255595, "activity_lines": [ 17.45779, 16.697153, 16.537945, 16.733591 ] }, { "date": "2023-12-08", "close": 17.918133, "volume": 56713, "typical_volume": 84714.0, "trend": 17.018498, "fair_value": 16.676817, "relative_strength": 2.005017, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.257826, "energy": 43.901519, "activity_lines": [ 17.731649, 16.995907, 16.652425, 16.79352 ] }, { "date": "2023-12-15", "close": 18.231113, "volume": 81313, "typical_volume": 86748.85, "trend": 17.032842, "fair_value": 16.713245, "relative_strength": 2.715796, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.283659, "energy": 61.592893, "activity_lines": [ 17.980729, 17.312089, 16.79485, 16.871753 ] }, { "date": "2023-12-22", "close": 18.524532, "volume": 56562, "typical_volume": 86971.2, "trend": 17.074892, "fair_value": 16.752433, "relative_strength": 4.651685, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.772886, "energy": 62.462559, "activity_lines": [ 18.193295, 17.638584, 16.963449, 16.967991 ] }, { "date": "2023-12-29", "close": 19.170053, "volume": 64029, "typical_volume": 88245.45, "trend": 17.124862, "fair_value": 16.798945, "relative_strength": 8.535503, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.32321, "energy": 69.057467, "activity_lines": [ 18.559742, 18.030876, 17.18682, 17.103163 ] }, { "date": "2024-01-05", "close": 17.859449, "volume": 40105, "typical_volume": 88672.15, "trend": 17.114456, "fair_value": 16.830243, "relative_strength": 2.789968, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.571437, "energy": 53.526061, "activity_lines": [ 18.395427, 18.114812, 17.27792, 17.150555 ] }, { "date": "2024-01-12", "close": 17.605152, "volume": 35936, "typical_volume": 89229.25, "trend": 17.106082, "fair_value": 16.863098, "relative_strength": 0.687483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.428784, "energy": 41.187397, "activity_lines": [ 18.150259, 18.094184, 17.344149, 17.182213 ] }, { "date": "2024-01-19", "close": 17.155243, "volume": 67986, "typical_volume": 91784.25, "trend": 17.109288, "fair_value": 16.892629, "relative_strength": -0.639107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.022066, "energy": 25.053363, "activity_lines": [ 17.775987, 17.962234, 17.367902, 17.185385 ] }, { "date": "2024-01-26", "close": 17.566031, "volume": 30075, "typical_volume": 87974.9, "trend": 17.107644, "fair_value": 16.926442, "relative_strength": -1.772355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.87639, "energy": 23.505082, "activity_lines": [ 17.610369, 17.887902, 17.433106, 17.214852 ] }, { "date": "2024-02-02", "close": 17.663836, "volume": 52168, "typical_volume": 83678.0, "trend": 17.120033, "fair_value": 16.955936, "relative_strength": -0.719554, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.783512, "energy": 23.633099, "activity_lines": [ 17.541252, 17.832063, 17.506042, 17.250736 ] }, { "date": "2024-02-09", "close": 17.839888, "volume": 44785, "typical_volume": 81635.35, "trend": 17.128509, "fair_value": 16.984362, "relative_strength": -0.448146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.054542, "energy": 21.639608, "activity_lines": [ 17.631234, 17.810012, 17.586802, 17.297178 ] }, { "date": "2024-02-16", "close": 17.644276, "volume": 24997, "typical_volume": 80037.0, "trend": 17.132422, "fair_value": 17.012302, "relative_strength": -3.012935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.209853, "energy": 18.285362, "activity_lines": [ 17.657316, 17.753818, 17.637289, 17.330453 ] }, { "date": "2024-02-23", "close": 18.465847, "volume": 49527, "typical_volume": 78077.4, "trend": 17.152635, "fair_value": 17.037268, "relative_strength": -0.949282, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.070265, "energy": 41.458602, "activity_lines": [ 17.954647, 17.85198, 17.756985, 17.416481 ] }, { "date": "2024-03-01", "close": 17.937695, "volume": 20948, "typical_volume": 76698.0, "trend": 17.180021, "fair_value": 17.054892, "relative_strength": -3.267535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.369067, "energy": 37.603291, "activity_lines": [ 17.988554, 17.849846, 17.813992, 17.46713 ] }, { "date": "2024-03-08", "close": 17.722521, "volume": 23411, "typical_volume": 74679.55, "trend": 17.183933, "fair_value": 17.063445, "relative_strength": -5.432475, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.623164, "energy": 27.051188, "activity_lines": [ 17.925958, 17.81926, 17.839795, 17.50213 ] }, { "date": "2024-03-15", "close": 17.898571, "volume": 83888, "typical_volume": 74328.65, "trend": 17.189801, "fair_value": 17.073785, "relative_strength": -5.844574, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.044314, "energy": 26.398582, "activity_lines": [ 17.918133, 17.847001, 17.870906, 17.548235 ] }, { "date": "2024-03-22", "close": 17.370417, "volume": 79999, "typical_volume": 62082.45, "trend": 17.179369, "fair_value": 17.08041, "relative_strength": -8.355853, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.417279, "energy": 8.790188, "activity_lines": [ 17.730345, 17.778003, 17.836255, 17.559888 ] }, { "date": "2024-03-29", "close": 18.015938, "volume": 60913, "typical_volume": 55716.95, "trend": 17.191757, "fair_value": 17.08381, "relative_strength": -5.518981, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.666984, "energy": 13.024295, "activity_lines": [ 17.775987, 17.83064, 17.856468, 17.61386 ] }, { "date": "2024-04-05", "close": 17.820326, "volume": 35515, "typical_volume": 51682.25, "trend": 17.211319, "fair_value": 17.088924, "relative_strength": -4.909967, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.836774, "energy": 10.087119, "activity_lines": [ 17.78642, 17.832063, 17.849482, 17.654413 ] }, { "date": "2024-04-12", "close": 17.624716, "volume": 41773, "typical_volume": 50405.95, "trend": 17.272611, "fair_value": 17.0963, "relative_strength": -5.380849, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.072627, "energy": 8.670012, "activity_lines": [ 17.739474, 17.793297, 17.822842, 17.681084 ] }, { "date": "2024-04-19", "close": 17.311733, "volume": 37886, "typical_volume": 49426.45, "trend": 17.336511, "fair_value": 17.10167, "relative_strength": -7.174208, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.050414, "energy": 4.948639, "activity_lines": [ 17.59472, 17.698335, 17.767045, 17.683608 ] }, { "date": "2024-04-26", "close": 17.937695, "volume": 40615, "typical_volume": 48621.55, "trend": 17.40954, "fair_value": 17.106492, "relative_strength": -4.620169, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.628104, "energy": 9.926291, "activity_lines": [ 17.697743, 17.726788, 17.773752, 17.722394 ] }, { "date": "2024-05-03", "close": 18.113747, "volume": 24071, "typical_volume": 45759.45, "trend": 17.484525, "fair_value": 17.101179, "relative_strength": -2.093313, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.655528, "energy": 14.686278, "activity_lines": [ 17.821631, 17.781916, 17.797133, 17.767827 ] }, { "date": "2024-05-10", "close": 19.111372, "volume": 56462, "typical_volume": 45754.45, "trend": 17.598632, "fair_value": 17.104733, "relative_strength": -0.010867, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.280752, "energy": 50.309398, "activity_lines": [ 18.271541, 18.024831, 17.916084, 17.872785 ] }, { "date": "2024-05-17", "close": 17.507347, "volume": 86592, "typical_volume": 46882.6, "trend": 17.671661, "fair_value": 17.102401, "relative_strength": -7.646341, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.740176, "energy": 22.98812, "activity_lines": [ 18.100706, 17.954767, 17.879477, 17.866895 ] }, { "date": "2024-05-24", "close": 17.116121, "volume": 69649, "typical_volume": 48359.8, "trend": 17.753818, "fair_value": 17.096187, "relative_strength": -8.71644, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.825214, "energy": 4.020386, "activity_lines": [ 17.807287, 17.817482, 17.813527, 17.831054 ] }, { "date": "2024-05-31", "close": 17.116121, "volume": 52994, "typical_volume": 49212.7, "trend": 17.791637, "fair_value": 17.087501, "relative_strength": -7.328027, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.521199, "energy": 34.345522, "activity_lines": [ 17.526908, 17.694424, 17.751117, 17.789912 ] }, { "date": "2024-06-07", "close": 16.881386, "volume": 43381, "typical_volume": 47982.45, "trend": 17.813806, "fair_value": 17.076212, "relative_strength": -8.388716, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.477617, "energy": 44.457903, "activity_lines": [ 17.223056, 17.53331, 17.668681, 17.731186 ] }, { "date": "2024-06-14", "close": 15.296922, "volume": 70813, "typical_volume": 50019.35, "trend": 17.736865, "fair_value": 17.063831, "relative_strength": -11.191364, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.533642, "energy": 78.820543, "activity_lines": [ 16.473207, 17.10474, 17.436647, 17.568807 ] }, { "date": "2024-06-21", "close": 15.12087, "volume": 84061, "typical_volume": 51614.0, "trend": 17.648839, "fair_value": 17.052629, "relative_strength": -13.365585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.147272, "energy": 85.890336, "activity_lines": [ 15.918971, 16.690041, 17.198651, 17.400033 ] }, { "date": "2024-06-28", "close": 14.318857, "volume": 143264, "typical_volume": 56537.95, "trend": 17.528864, "fair_value": 17.031922, "relative_strength": -15.995456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.586557, "energy": 92.512971, "activity_lines": [ 15.256495, 16.175045, 16.896383, 17.185195 ] }, { "date": "2024-07-05", "close": 15.042624, "volume": 103588, "typical_volume": 60467.5, "trend": 17.433013, "fair_value": 17.014171, "relative_strength": -13.661748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.541165, "energy": 86.418707, "activity_lines": [ 15.021759, 15.84606, 16.679811, 17.024793 ] }, { "date": "2024-07-12", "close": 15.161539, "volume": 87630, "typical_volume": 62372.65, "trend": 17.330694, "fair_value": 17.002176, "relative_strength": -13.217747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.664173, "energy": 82.815948, "activity_lines": [ 14.964895, 15.591333, 16.486954, 16.878246 ] }, { "date": "2024-07-19", "close": 14.72552, "volume": 119587, "typical_volume": 67304.6, "trend": 17.20406, "fair_value": 16.986601, "relative_strength": -13.292632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.608478, "energy": 71.912914, "activity_lines": [ 14.877347, 15.311007, 16.268306, 16.71017 ] }, { "date": "2024-07-26", "close": 15.062444, "volume": 181288, "typical_volume": 75198.45, "trend": 17.06714, "fair_value": 16.970099, "relative_strength": -10.817016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.527628, "energy": 54.0334, "activity_lines": [ 14.940201, 15.171682, 16.097041, 16.572001 ] }, { "date": "2024-08-02", "close": 14.923711, "volume": 153386, "typical_volume": 78673.35, "trend": 16.969282, "fair_value": 16.951025, "relative_strength": -8.177165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.940529, "energy": 49.712549, "activity_lines": [ 14.960706, 15.051586, 15.925232, 16.433716 ] }, { "date": "2024-08-09", "close": 14.804796, "volume": 287306, "typical_volume": 89038.7, "trend": 16.875937, "fair_value": 16.929224, "relative_strength": -8.850153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.094859, "energy": 49.190696, "activity_lines": [ 14.901249, 14.94973, 15.756263, 16.294071 ] }, { "date": "2024-08-16", "close": 15.062444, "volume": 141836, "typical_volume": 93084.85, "trend": 16.806177, "fair_value": 16.913564, "relative_strength": -9.15107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.481717, "energy": 42.548406, "activity_lines": [ 14.94353, 14.936744, 15.624049, 16.177072 ] }, { "date": "2024-08-23", "close": 15.300271, "volume": 126292, "typical_volume": 97623.7, "trend": 16.730652, "fair_value": 16.897185, "relative_strength": -8.931777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.072833, "energy": 37.132258, "activity_lines": [ 15.071692, 15.000071, 15.528549, 16.079917 ] }, { "date": "2024-08-30", "close": 15.379548, "volume": 104222, "typical_volume": 100746.15, "trend": 16.654509, "fair_value": 16.886924, "relative_strength": -8.788069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.637607, "energy": 30.516096, "activity_lines": [ 15.187964, 15.077751, 15.452601, 15.992749 ] }, { "date": "2024-09-06", "close": 14.348959, "volume": 208732, "typical_volume": 109288.45, "trend": 16.538144, "fair_value": 16.852663, "relative_strength": -11.344374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.480505, "energy": 40.345261, "activity_lines": [ 14.939566, 14.963348, 15.289192, 15.844003 ] }, { "date": "2024-09-13", "close": 14.130951, "volume": 215858, "typical_volume": 118050.6, "trend": 16.421034, "fair_value": 16.820372, "relative_strength": -13.8268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.308232, "energy": 46.99275, "activity_lines": [ 14.656815, 14.80876, 15.119128, 15.688701 ] }, { "date": "2024-09-20", "close": 15.379548, "volume": 486218, "typical_volume": 141157.95, "trend": 16.318157, "fair_value": 16.796645, "relative_strength": -6.57504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.712971, "energy": 35.429691, "activity_lines": [ 14.835186, 14.897766, 15.086106, 15.621508 ] }, { "date": "2024-09-27", "close": 16.211946, "volume": 118340, "typical_volume": 144251.85, "trend": 16.260632, "fair_value": 16.785829, "relative_strength": -5.098189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.39144, "energy": 15.946325, "activity_lines": [ 15.269883, 15.134152, 15.145381, 15.614656 ] }, { "date": "2024-10-04", "close": 15.795746, "volume": 102307, "typical_volume": 145037.6, "trend": 16.196406, "fair_value": 16.776553, "relative_strength": -4.336067, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.19909, "energy": 11.807629, "activity_lines": [ 15.505068, 15.267841, 15.178823, 15.584663 ] }, { "date": "2024-10-11", "close": 15.855204, "volume": 101521, "typical_volume": 146631.2, "trend": 16.128294, "fair_value": 16.760925, "relative_strength": -4.314707, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.779008, "energy": 19.100676, "activity_lines": [ 15.732326, 15.399006, 15.226079, 15.56265 ] }, { "date": "2024-10-18", "close": 16.429955, "volume": 43097, "typical_volume": 146136.35, "trend": 16.096945, "fair_value": 16.751225, "relative_strength": -1.226788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.438376, "energy": 27.624014, "activity_lines": [ 16.050751, 15.617736, 15.334078, 15.582112 ] }, { "date": "2024-10-25", "close": 16.271402, "volume": 50216, "typical_volume": 146478.1, "trend": 16.038794, "fair_value": 16.737143, "relative_strength": -0.685292, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.340836, "energy": 43.977234, "activity_lines": [ 16.163059, 15.77809, 15.430244, 15.593367 ] }, { "date": "2024-11-01", "close": 16.132669, "volume": 55260, "typical_volume": 145700.45, "trend": 15.982539, "fair_value": 16.711231, "relative_strength": -0.277588, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.765679, "energy": 39.846472, "activity_lines": [ 16.169665, 15.891238, 15.516101, 15.599424 ] }, { "date": "2024-11-08", "close": 15.775928, "volume": 86078, "typical_volume": 145801.3, "trend": 15.920913, "fair_value": 16.686679, "relative_strength": -1.414659, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.003015, "energy": 21.961627, "activity_lines": [ 16.062642, 15.92439, 15.564004, 15.586094 ] }, { "date": "2024-11-15", "close": 15.280453, "volume": 52826, "typical_volume": 141279.4, "trend": 15.853203, "fair_value": 16.650815, "relative_strength": -3.321214, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.552157, "energy": 5.262789, "activity_lines": [ 15.791783, 15.860248, 15.561599, 15.544774 ] }, { "date": "2024-11-22", "close": 15.637195, "volume": 70164, "typical_volume": 139608.2, "trend": 15.77652, "fair_value": 16.633229, "relative_strength": -0.618495, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.098396, "energy": 7.507599, "activity_lines": [ 15.678154, 15.844033, 15.588591, 15.530838 ] }, { "date": "2024-11-29", "close": 15.657014, "volume": 103172, "typical_volume": 140385.3, "trend": 15.694629, "fair_value": 16.621099, "relative_strength": 0.025138, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.458575, "energy": 8.238662, "activity_lines": [ 15.623982, 15.804035, 15.614639, 15.523128 ] }, { "date": "2024-12-06", "close": 16.449774, "volume": 68670, "typical_volume": 137839.45, "trend": 15.605909, "fair_value": 16.6076, "relative_strength": 2.527236, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.204078, "energy": 10.257408, "activity_lines": [ 15.875023, 15.90313, 15.713828, 15.571847 ] }, { "date": "2024-12-13", "close": 16.667782, "volume": 70775, "typical_volume": 132313.8, "trend": 15.577923, "fair_value": 16.599425, "relative_strength": 4.268238, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.733909, "energy": 46.066394, "activity_lines": [ 16.177593, 16.037538, 15.82557, 15.640355 ] }, { "date": "2024-12-20", "close": 16.965069, "volume": 66357, "typical_volume": 127962.35, "trend": 15.572888, "fair_value": 16.588387, "relative_strength": 8.210063, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.066518, "energy": 64.747564, "activity_lines": [ 16.519801, 16.210144, 15.957979, 15.729848 ] }, { "date": "2024-12-27", "close": 17.083982, "volume": 30484, "typical_volume": 115121.25, "trend": 15.571817, "fair_value": 16.580074, "relative_strength": 7.980905, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.466351, "energy": 74.025634, "activity_lines": [ 16.78934, 16.384191, 16.091994, 15.827338 ] }, { "date": "2025-01-03", "close": 17.301991, "volume": 41627, "typical_volume": 110110.8, "trend": 15.585837, "fair_value": 16.559413, "relative_strength": 10.487773, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.181508, "energy": 77.313431, "activity_lines": [ 17.035095, 16.585985, 16.235917, 15.938962 ] }, { "date": "2025-01-10", "close": 17.242533, "volume": 52900, "typical_volume": 106441.2, "trend": 15.650691, "fair_value": 16.532761, "relative_strength": 7.939631, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.587304, "energy": 75.989216, "activity_lines": [ 17.151366, 16.75823, 16.363514, 16.045846 ] }, { "date": "2025-01-17", "close": 14.844434, "volume": 166757, "typical_volume": 109567.95, "trend": 15.641476, "fair_value": 16.498871, "relative_strength": -10.108914, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.896841, "energy": 17.113924, "activity_lines": [ 16.415421, 16.474277, 16.253471, 15.993829 ] }, { "date": "2025-01-24", "close": 15.577738, "volume": 72998, "typical_volume": 102781.25, "trend": 15.683439, "fair_value": 16.478098, "relative_strength": -7.983247, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.85178, "energy": 14.212165, "activity_lines": [ 16.045466, 16.340589, 16.215815, 15.989717 ] }, { "date": "2025-01-31", "close": 16.192127, "volume": 129331, "typical_volume": 98454.9, "trend": 15.721756, "fair_value": 16.463508, "relative_strength": -4.375773, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.913271, "energy": 21.549081, "activity_lines": [ 15.972796, 16.313203, 16.230821, 16.022536 ] }, { "date": "2025-02-07", "close": 17.460545, "volume": 77365, "typical_volume": 78012.25, "trend": 15.798389, "fair_value": 16.455365, "relative_strength": 2.952105, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.372254, "energy": 27.437934, "activity_lines": [ 16.38239, 16.506348, 16.356813, 16.134716 ] }, { "date": "2025-02-14", "close": 17.777647, "volume": 91226, "typical_volume": 76656.55, "trend": 15.900127, "fair_value": 16.452622, "relative_strength": 2.278163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.040937, "energy": 43.331258, "activity_lines": [ 16.887114, 16.724357, 16.503097, 16.26241 ] }, { "date": "2025-02-21", "close": 17.777647, "volume": 67603, "typical_volume": 74921.35, "trend": 15.990634, "fair_value": 16.457396, "relative_strength": 2.707615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.463827, "energy": 66.604501, "activity_lines": [ 17.356163, 16.918223, 16.641924, 16.38354 ] }, { "date": "2025-02-28", "close": 17.658733, "volume": 149974, "typical_volume": 77344.0, "trend": 16.081801, "fair_value": 16.465898, "relative_strength": 2.637883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.403351, "energy": 69.599497, "activity_lines": [ 17.590027, 17.070289, 16.759989, 16.491159 ] }, { "date": "2025-03-07", "close": 21.008146, "volume": 202147, "typical_volume": 85296.5, "trend": 16.288579, "fair_value": 16.487229, "relative_strength": 21.549712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.772384, "energy": 90.824679, "activity_lines": [ 18.801629, 17.818727, 17.188457, 16.808988 ] }, { "date": "2025-03-14", "close": 19.32353, "volume": 118961, "typical_volume": 88733.75, "trend": 16.430616, "fair_value": 16.501801, "relative_strength": 12.872327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.676574, "energy": 80.767723, "activity_lines": [ 19.130625, 18.189522, 17.434684, 17.004791 ] }, { "date": "2025-03-21", "close": 20.066742, "volume": 84468, "typical_volume": 90194.15, "trend": 16.589498, "fair_value": 16.515976, "relative_strength": 16.616842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.009198, "energy": 82.641023, "activity_lines": [ 19.583159, 18.658692, 17.73716, 17.23938 ] }, { "date": "2025-03-28", "close": 19.779366, "volume": 74609, "typical_volume": 89620.7, "trend": 16.736159, "fair_value": 16.53145, "relative_strength": 16.471664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.236265, "energy": 77.657375, "activity_lines": [ 19.787294, 19.024263, 17.993533, 17.445178 ] }, { "date": "2025-04-04", "close": 17.975836, "volume": 62828, "typical_volume": 90120.8, "trend": 16.857054, "fair_value": 16.537271, "relative_strength": 14.911865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.802409, "energy": 45.814581, "activity_lines": [ 19.256805, 18.972192, 18.059077, 17.525157 ] }, { "date": "2025-04-11", "close": 18.431675, "volume": 82928, "typical_volume": 90759.0, "trend": 17.000412, "fair_value": 16.542928, "relative_strength": 20.223831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.538112, "energy": 31.382813, "activity_lines": [ 18.857122, 18.9594, 18.155199, 17.626746 ] }, { "date": "2025-04-18", "close": 19.224434, "volume": 118690, "typical_volume": 91534.9, "trend": 17.128575, "fair_value": 16.543287, "relative_strength": 21.756994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.684109, "energy": 26.817269, "activity_lines": [ 18.893457, 19.050027, 18.313515, 17.770231 ] }, { "date": "2025-04-25", "close": 19.967648, "volume": 105473, "typical_volume": 93375.05, "trend": 17.253765, "fair_value": 16.555704, "relative_strength": 21.795518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.401667, "energy": 28.669227, "activity_lines": [ 19.184136, 19.243713, 18.525626, 17.953397 ] }, { "date": "2025-05-02", "close": 20.958597, "volume": 43502, "typical_volume": 92011.4, "trend": 17.42586, "fair_value": 16.57784, "relative_strength": 23.526925, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.451839, "energy": 45.201356, "activity_lines": [ 19.811738, 19.577753, 18.815361, 18.192418 ] }, { "date": "2025-05-09", "close": 20.512671, "volume": 37104, "typical_volume": 90548.75, "trend": 17.581109, "fair_value": 16.589262, "relative_strength": 20.971136, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.879361, "energy": 62.188503, "activity_lines": [ 20.212082, 19.772881, 19.042194, 18.391568 ] }, { "date": "2025-05-16", "close": 19.739729, "volume": 125535, "typical_volume": 95301.3, "trend": 17.691435, "fair_value": 16.603585, "relative_strength": 13.943286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.713447, "energy": 53.644472, "activity_lines": [ 20.185657, 19.775583, 19.178521, 18.530833 ] }, { "date": "2025-05-23", "close": 19.9181, "volume": 49272, "typical_volume": 95683.55, "trend": 17.812991, "fair_value": 16.617928, "relative_strength": 16.765609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.705532, "energy": 44.151336, "activity_lines": [ 20.131485, 19.833779, 19.319188, 18.674489 ] }, { "date": "2025-05-30", "close": 22.445023, "volume": 86706, "typical_volume": 97373.85, "trend": 18.023403, "fair_value": 16.647629, "relative_strength": 30.424801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.245273, "energy": 51.762895, "activity_lines": [ 20.873376, 20.340605, 19.688058, 18.97333 ] }, { "date": "2025-06-06", "close": 21.701809, "volume": 47083, "typical_volume": 91390.15, "trend": 18.220932, "fair_value": 16.673968, "relative_strength": 24.526422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.279744, "energy": 48.126057, "activity_lines": [ 21.202371, 20.66906, 19.961371, 19.210647 ] }, { "date": "2025-06-13", "close": 21.949547, "volume": 29966, "typical_volume": 89238.55, "trend": 18.443235, "fair_value": 16.712331, "relative_strength": 27.023397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.500549, "energy": 65.245654, "activity_lines": [ 21.564398, 21.007604, 20.225625, 19.451202 ] }, { "date": "2025-06-20", "close": 21.057692, "volume": 25438, "typical_volume": 84043.9, "trend": 18.623919, "fair_value": 16.748231, "relative_strength": 22.557317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.231429, "energy": 64.02191, "activity_lines": [ 21.533348, 21.111744, 20.374597, 19.619877 ] }, { "date": "2025-06-27", "close": 21.999096, "volume": 28853, "typical_volume": 81618.3, "trend": 18.835321, "fair_value": 16.79321, "relative_strength": 25.333382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.353529, "energy": 56.268414, "activity_lines": [ 21.728235, 21.339302, 20.590058, 19.83763 ] }, { "date": "2025-07-04", "close": 22.049999, "volume": 34076, "typical_volume": 78760.8, "trend": 19.021996, "fair_value": 16.838278, "relative_strength": 24.595877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.325509, "energy": 50.639757, "activity_lines": [ 21.801357, 21.525668, 20.788755, 20.045029 ] }, { "date": "2025-07-11", "close": 22.799999, "volume": 29047, "typical_volume": 76833.0, "trend": 19.226403, "fair_value": 16.892789, "relative_strength": 25.647392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.682082, "energy": 52.768445, "activity_lines": [ 22.150814, 21.810535, 21.038536, 20.288771 ] }, { "date": "2025-07-18", "close": 22.700001, "volume": 12377, "typical_volume": 69953.15, "trend": 19.417567, "fair_value": 16.942618, "relative_strength": 24.225645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.255143, "energy": 64.285248, "activity_lines": [ 22.393725, 22.043742, 21.254877, 20.512874 ] }, { "date": "2025-07-25", "close": 22.35, "volume": 19837, "typical_volume": 60837.65, "trend": 19.593101, "fair_value": 16.981408, "relative_strength": 21.276535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.589546, "energy": 59.519864, "activity_lines": [ 22.46994, 22.173542, 21.413879, 20.702063 ] }, { "date": "2025-08-01", "close": 21.85, "volume": 23146, "typical_volume": 56046.9, "trend": 19.744701, "fair_value": 17.015685, "relative_strength": 22.257824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.676849, "energy": 46.10169, "activity_lines": [ 22.293333, 22.164973, 21.518872, 20.84767 ] }, { "date": "2025-08-08", "close": 21.5, "volume": 12419, "typical_volume": 52444.45, "trend": 19.886617, "fair_value": 17.045935, "relative_strength": 16.540806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.414228, "energy": 31.76427, "activity_lines": [ 22.01, 22.057643, 21.5785, 20.960915 ] }, { "date": "2025-08-15", "close": 20.75, "volume": 13004, "typical_volume": 49364.2, "trend": 20.083469, "fair_value": 17.076132, "relative_strength": 9.38687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.562271, "energy": 17.840725, "activity_lines": [ 21.513333, 21.831131, 21.559875, 21.016617 ] }, { "date": "2025-08-22", "close": 20.85, "volume": 14814, "typical_volume": 46963.5, "trend": 20.259211, "fair_value": 17.112201, "relative_strength": 8.754903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.484469, "energy": 19.845716, "activity_lines": [ 21.186667, 21.640107, 21.546152, 21.06607 ] }, { "date": "2025-08-29", "close": 19.639999, "volume": 15722, "typical_volume": 43603.2, "trend": 20.37414, "fair_value": 17.144197, "relative_strength": 5.527392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -18.477294, "energy": 30.213219, "activity_lines": [ 20.58, 21.249074, 21.403505, 21.026121 ] }, { "date": "2025-09-05", "close": 18.860001, "volume": 16371, "typical_volume": 38487.25, "trend": 20.420789, "fair_value": 17.178088, "relative_strength": 1.312996, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -47.734733, "energy": 65.214958, "activity_lines": [ 19.894, 20.742, 21.180817, 20.928435 ] }, { "date": "2025-09-12", "close": 18.98, "volume": 21812, "typical_volume": 34304.2, "trend": 20.460867, "fair_value": 17.217502, "relative_strength": -0.423256, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.542932, "energy": 70.766869, "activity_lines": [ 19.447333, 20.313818, 20.971294, 20.835481 ] }, { "date": "2025-09-19", "close": 19.219999, "volume": 44900, "typical_volume": 34374.1, "trend": 20.508946, "fair_value": 17.265586, "relative_strength": 0.158147, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.984084, "energy": 69.954376, "activity_lines": [ 19.248666, 19.985091, 20.789331, 20.755425 ] }, { "date": "2025-09-26", "close": 19.08, "volume": 12325, "typical_volume": 33135.15, "trend": 20.556321, "fair_value": 17.311941, "relative_strength": -1.054836, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.183308, "energy": 74.107771, "activity_lines": [ 19.105333, 19.696, 20.602313, 20.663235 ] }, { "date": "2025-10-03", "close": 19.959999, "volume": 29059, "typical_volume": 28311.35, "trend": 20.521383, "fair_value": 17.355379, "relative_strength": 0.511896, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.948568, "energy": 44.044119, "activity_lines": [ 19.373333, 19.632727, 20.505927, 20.624762 ] }, { "date": "2025-10-10", "close": 19.200001, "volume": 52440, "typical_volume": 28469.75, "trend": 20.517265, "fair_value": 17.39347, "relative_strength": -1.574418, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.250088, "energy": 38.922538, "activity_lines": [ 19.366667, 19.474727, 20.336112, 20.539512 ] }, { "date": "2025-10-17", "close": 17.68, "volume": 43408, "typical_volume": 26304.85, "trend": 20.437707, "fair_value": 17.418607, "relative_strength": -12.210404, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.879169, "energy": 58.806109, "activity_lines": [ 18.830667, 19.088545, 20.024954, 20.356462 ] }, { "date": "2025-10-24", "close": 18.120001, "volume": 13801, "typical_volume": 24640.75, "trend": 20.382395, "fair_value": 17.441811, "relative_strength": -10.610917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.305321, "energy": 57.212763, "activity_lines": [ 18.528, 18.851818, 19.778392, 20.206933 ] }, { "date": "2025-10-31", "close": 17.52, "volume": 15583, "typical_volume": 23921.6, "trend": 20.367201, "fair_value": 17.462714, "relative_strength": -12.444331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.47179, "energy": 82.913175, "activity_lines": [ 18.098667, 18.553818, 19.491742, 20.022262 ] }, { "date": "2025-11-07", "close": 17.5, "volume": 35300, "typical_volume": 24414.7, "trend": 20.336145, "fair_value": 17.47707, "relative_strength": -10.700314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.392, "energy": 85.705566, "activity_lines": [ 17.766667, 18.312727, 19.224281, 19.837282 ] }, { "date": "2025-11-14", "close": 18.299999, "volume": 27980, "typical_volume": 24371.05, "trend": 20.30533, "fair_value": 17.499169, "relative_strength": -9.229226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.18801, "energy": 71.62316, "activity_lines": [ 17.865333, 18.256, 19.049952, 19.705917 ] }, { "date": "2025-11-21", "close": 17.6, "volume": 43778, "typical_volume": 24856.15, "trend": 20.226409, "fair_value": 17.511076, "relative_strength": -10.68587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.178336, "energy": 56.00328, "activity_lines": [ 17.790666, 18.082182, 18.826571, 19.53138 ] }, { "date": "2025-11-28", "close": 17.58, "volume": 27744, "typical_volume": 24791.0, "trend": 20.113789, "fair_value": 17.52547, "relative_strength": -12.325843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.256189, "energy": 53.609123, "activity_lines": [ 17.714666, 17.929818, 18.622476, 19.360644 ] }, { "date": "2025-12-05", "close": 17.799999, "volume": 23995, "typical_volume": 25371.9, "trend": 20.023366, "fair_value": 17.539372, "relative_strength": -11.126703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.099611, "energy": 47.744383, "activity_lines": [ 17.748, 17.847273, 18.46419, 19.211367 ] }, { "date": "2025-12-12", "close": 18.52, "volume": 17943, "typical_volume": 25277.2, "trend": 19.982709, "fair_value": 17.564189, "relative_strength": -7.036463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.153006, "energy": 38.09693, "activity_lines": [ 18.002666, 17.918909, 18.397809, 19.114376 ] }, { "date": "2025-12-19", "close": 18.1, "volume": 21476, "typical_volume": 25193.7, "trend": 19.922105, "fair_value": 17.583223, "relative_strength": -9.988871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.988607, "energy": 31.819195, "activity_lines": [ 18.049333, 17.940363, 18.309667, 18.992911 ] }, { "date": "2025-12-26", "close": 20.75, "volume": 46898, "typical_volume": 26917.65, "trend": 19.865605, "fair_value": 17.616867, "relative_strength": 3.60605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.43448, "energy": 13.504053, "activity_lines": [ 18.992667, 18.463636, 18.491762, 19.046323 ] }, { "date": "2026-01-02", "close": 19.98, "volume": 32616, "typical_volume": 27898.25, "trend": 19.808211, "fair_value": 17.6388, "relative_strength": -1.401664, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.04099, "energy": 24.355584, "activity_lines": [ 19.469333, 18.791091, 18.604095, 19.053704 ] }, { "date": "2026-01-09", "close": 20.85, "volume": 21536, "typical_volume": 28234.35, "trend": 19.77156, "fair_value": 17.668212, "relative_strength": 0.702739, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.464258, "energy": 42.170574, "activity_lines": [ 20.076, 19.242909, 18.802952, 19.120916 ] }, { "date": "2026-01-16", "close": 22.0, "volume": 40217, "typical_volume": 29459.1, "trend": 19.80297, "fair_value": 17.704758, "relative_strength": 6.970718, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.34823, "energy": 67.937092, "activity_lines": [ 20.862667, 19.843273, 19.111333, 19.264686 ] }, { "date": "2026-01-23", "close": 23.0, "volume": 70552, "typical_volume": 32168.15, "trend": 19.836333, "fair_value": 17.748309, "relative_strength": 12.676715, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.257767, "energy": 78.80356, "activity_lines": [ 21.750667, 20.543636, 19.503714, 19.470946 ] }, { "date": "2026-01-30", "close": 23.200001, "volume": 24512, "typical_volume": 32303.15, "trend": 19.874667, "fair_value": 17.791358, "relative_strength": 13.177202, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.29423, "energy": 81.896266, "activity_lines": [ 22.378667, 21.194909, 19.895429, 19.687957 ] }, { "date": "2026-02-06", "close": 24.1, "volume": 60876, "typical_volume": 33101.95, "trend": 19.918, "fair_value": 17.83887, "relative_strength": 14.841607, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.905946, "energy": 93.36786, "activity_lines": [ 23.143334, 21.908, 20.352762, 19.960559 ] }, { "date": "2026-02-13", "close": 24.549999, "volume": 65308, "typical_volume": 35751.1, "trend": 19.979667, "fair_value": 17.885938, "relative_strength": 15.767894, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.190121, "energy": 92.274891, "activity_lines": [ 23.783333, 22.584364, 20.829714, 20.259398 ] }, { "date": "2026-02-20", "close": 23.299999, "volume": 27876, "typical_volume": 35691.95, "trend": 20.011333, "fair_value": 17.924161, "relative_strength": 6.796819, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.483017, "energy": 84.463424, "activity_lines": [ 23.76, 22.910727, 21.161571, 20.473613 ] }, { "date": "2026-02-27", "close": 23.049999, "volume": 32369, "typical_volume": 34688.4, "trend": 20.051333, "fair_value": 17.958285, "relative_strength": 4.448146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.258954, "energy": 64.678604, "activity_lines": [ 23.566666, 23.104727, 21.453714, 20.669656 ] }, { "date": "2026-03-06", "close": 22.049999, "volume": 34041, "typical_volume": 34220.05, "trend": 20.069667, "fair_value": 17.990754, "relative_strength": 7.119984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.509049, "energy": 47.875793, "activity_lines": [ 23.036666, 23.026909, 21.632285, 20.798602 ] }, { "date": "2026-03-13", "close": 21.85, "volume": 24608, "typical_volume": 34760.4, "trend": 20.106333, "fair_value": 18.019563, "relative_strength": 6.964577, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.739366, "energy": 29.736018, "activity_lines": [ 22.516666, 22.88909, 21.771, 20.913462 ] }, { "date": "2026-03-20", "close": 19.719999, "volume": 41662, "typical_volume": 36064.35, "trend": 20.068666, "fair_value": 18.042563, "relative_strength": -0.423299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.345534, "energy": 21.129515, "activity_lines": [ 21.436666, 22.329999, 21.689095, 20.888537 ] }, { "date": "2026-03-27", "close": 20.0, "volume": 30394, "typical_volume": 35819.05, "trend": 20.080666, "fair_value": 18.064387, "relative_strength": 0.440846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.113933, "energy": 23.611643, "activity_lines": [ 20.772, 21.842363, 21.623381, 20.884107 ] }, { "date": "2026-04-03", "close": 20.65, "volume": 18390, "typical_volume": 35339.55, "trend": 20.140333, "fair_value": 18.09537, "relative_strength": 0.221768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.827757, "energy": 23.921657, "activity_lines": [ 20.544, 21.509272, 21.607666, 20.920838 ] }, { "date": "2026-04-10", "close": 22.9, "volume": 34780, "typical_volume": 34889.65, "trend": 20.271, "fair_value": 18.137328, "relative_strength": 7.00078, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.706891, "energy": 23.715011, "activity_lines": [ 21.226, 21.628, 21.795047, 21.098881 ] }, { "date": "2026-04-17", "close": 23.25, "volume": 12371, "typical_volume": 34121.0, "trend": 20.405333, "fair_value": 18.180223, "relative_strength": 6.406205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.43554, "energy": 25.029292, "activity_lines": [ 21.968, 21.815818, 21.990524, 21.291075 ] }, { "date": "2026-04-24", "close": 22.549999, "volume": 14343, "typical_volume": 33638.4, "trend": 20.521, "fair_value": 18.219463, "relative_strength": 6.493692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.129954, "energy": 33.764432, "activity_lines": [ 22.383333, 21.891818, 22.092333, 21.429441 ] }, { "date": "2026-05-01", "close": 21.989574, "volume": 13563, "typical_volume": 33419.4, "trend": 20.588652, "fair_value": 18.251425, "relative_strength": 4.387337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.196454, "energy": 35.26266, "activity_lines": [ 22.423191, 21.902286, 22.11815, 21.524187 ] }, { "date": "2026-05-08", "close": 22.682938, "volume": 14457, "typical_volume": 33068.45, "trend": 20.70475, "fair_value": 18.287594, "relative_strength": 7.591716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.348576, "energy": 42.333295, "activity_lines": [ 22.561532, 22.062646, 22.193479, 21.659302 ] }, { "date": "2026-05-15", "close": 21.197155, "volume": 17939, "typical_volume": 31620.5, "trend": 20.821989, "fair_value": 18.309366, "relative_strength": 2.444137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.243819, "energy": 15.690587, "activity_lines": [ 22.069083, 21.959538, 22.105482, 21.691071 ] }, { "date": "2026-05-22", "close": 20.850473, "volume": 25604, "typical_volume": 31269.9, "trend": 20.913004, "fair_value": 18.332362, "relative_strength": -1.253243, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.363965, "energy": 7.858335, "activity_lines": [ 21.574596, 21.808903, 21.982338, 21.692908 ] }, { "date": "2026-05-29", "close": 21.989574, "volume": 27485, "typical_volume": 31567.35, "trend": 21.06199, "fair_value": 18.360046, "relative_strength": 3.440599, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.493471, "energy": 11.803665, "activity_lines": [ 21.619778, 21.88355, 21.963535, 21.762364 ] }, { "date": "2026-06-05", "close": 22.385782, "volume": 6444, "typical_volume": 29878.7, "trend": 21.22485, "fair_value": 18.38706, "relative_strength": 4.901175, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.372941, "energy": 17.603581, "activity_lines": [ 21.834392, 21.98897, 21.977039, 21.84777 ] }, { "date": "2026-06-12", "close": 22.138151, "volume": 7136, "typical_volume": 26707.9, "trend": 21.352788, "fair_value": 18.414507, "relative_strength": 2.248577, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.592517, "energy": 12.116283, "activity_lines": [ 21.940047, 22.005988, 21.965123, 21.906693 ] }, { "date": "2026-06-19", "close": 21.692417, "volume": 4286, "typical_volume": 25696.6, "trend": 21.489202, "fair_value": 18.444208, "relative_strength": -0.49959, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.589423, "energy": 12.526054, "activity_lines": [ 21.933444, 21.914907, 21.91486, 21.928604 ] }, { "date": "2026-06-26", "close": 20.999052, "volume": 2306, "typical_volume": 22768.1, "trend": 21.60317, "fair_value": 18.465898, "relative_strength": -3.007003, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.536454, "energy": 4.942347, "activity_lines": [ 21.662701, 21.719715, 21.80574, 21.896982 ] }, { "date": "2026-07-03", "close": 21.6, "volume": 3342, "typical_volume": 19669.8, "trend": 21.729837, "fair_value": 18.493513, "relative_strength": -1.436458, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.17717, "energy": 18.368697, "activity_lines": [ 21.58237, 21.674713, 21.768621, 21.896777 ] }, { "date": "2026-07-10", "close": 21.200001, "volume": 8192, "typical_volume": 18685.6, "trend": 21.81917, "fair_value": 18.516682, "relative_strength": -1.026706, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.368436, "energy": 35.2063, "activity_lines": [ 21.394676, 21.574257, 21.707454, 21.862594 ] }, { "date": "2026-07-17", "close": 21.5, "volume": 5415, "typical_volume": 17337.9, "trend": 21.932504, "fair_value": 18.54215, "relative_strength": 0.619491, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.111987, "energy": 44.587256, "activity_lines": [ 21.386035, 21.542701, 21.684858, 21.842003 ] }, { "date": "2026-07-24", "close": 22.1, "volume": 5596, "typical_volume": 15915.65, "trend": 21.977504, "fair_value": 18.569333, "relative_strength": 3.178988, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.404287, "energy": 18.644317, "activity_lines": [ 21.619937, 21.641745, 21.726786, 21.852809 ] }, { "date": "2026-07-31", "close": 21.25, "volume": 5025, "typical_volume": 14936.5, "trend": 22.019837, "fair_value": 18.595833, "relative_strength": -2.097704, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.587936, "energy": 22.584395, "activity_lines": [ 21.543333, 21.569828, 21.687524, 21.805873 ] }, { "date": "2026-08-07", "close": 21.049999, "volume": 11203, "typical_volume": 13413.55, "trend": 22.026504, "fair_value": 18.617915, "relative_strength": -5.044972, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.164997, "energy": 24.566043, "activity_lines": [ 21.383333, 21.454283, 21.63207, 21.743303 ] } ], "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." } } }