{ "ticker": { "uuid": "5104189f-9373-4e0b-b4e2-84be10a761e3", "symbol": "BAY", "name": "Bank of Ayudhya Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 52.59, "architecture_energy": 54.407, "architecture_maturity": 100.0, "architecture_confidence": 71.054, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 17.04, "rotation_up": 46.42, "upward_expansion": 72.18, "deceleration": 65.5, "rotation_down": 27.44, "downward_expansion": 22.18 }, "activity_lines": [ 42.083333, 42.159091, 38.320652, 35.078619 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 41.5, "trend_reference": 31.286316, "distance_from_trend": 0.326459, "trend_direction": "Improving", "fair_value": 25.054284, "distance_from_fair_value": 0.656403, "fair_value_direction": "Improving", "relative_strength": 30.41449, "relative_strength_direction": "Improving", "price_momentum": 0.697159, "excess_performance": 0.504834, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.326459, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.227147, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.656403, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.495406, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.304145, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.272732, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.697159, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.93218, "read": "Demand-led" } ], "volume": { "latest": 13130400, "relative_activity": 1.763672, "balance": 1.93218, "dry_up": 1.957066, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.079703, "annualized_volatility": 0.395791, "from_high_reference": -0.126316, "from_low_reference": 0.894765 }, "levels": { "trend_reference": 31.286316, "fair_value_reference": 25.054284, "structural_low": 23.338947, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.022658, "positive_rate": 0.722222, "directional_follow_through": 0.722222, "median_excess_return": 0.009721, "regime_survival": 0.777778, "best_return": 0.268116, "worst_return": -0.053435, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.013426, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.006651, "regime_survival": 0.666667, "best_return": 0.569565, "worst_return": -0.08263, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.009039, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.051339, "regime_survival": 0.333333, "best_return": 0.063754, "worst_return": -0.153806, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.166055, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.091685, "regime_survival": 0.0, "best_return": -0.072127, "worst_return": -0.259982, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-20", "end": "2023-11-03", "tenure": "New", "return": -0.024793, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-11-10", "end": "2023-12-01", "tenure": "New", "return": -0.043103, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-08", "end": "2024-08-30", "tenure": "Extended", "return": -0.099131, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-10-18", "tenure": "Developing", "return": -0.031745, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2025-01-10", "tenure": "Developing", "return": -0.028, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": -0.016529, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-07-18", "tenure": "Established", "return": -0.032688, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": 0.022321, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-02-06", "tenure": "Established", "return": 0.074392, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.067961, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-04-03", "tenure": "Developing", "return": -0.028037, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.067961, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.503623, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.70348, "volume": 1323200, "typical_volume": 2108830.0, "trend": 26.915864, "fair_value": 26.977149, "relative_strength": 6.774209, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.78261, "energy": 32.749542, "activity_lines": [ 28.15031, 27.987826, 27.656322, 27.236457 ] }, { "date": "2023-08-25", "close": 28.150311, "volume": 1685200, "typical_volume": 2127355.0, "trend": 26.90843, "fair_value": 27.04143, "relative_strength": 5.551683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.449697, "energy": 30.327746, "activity_lines": [ 28.15031, 28.024385, 27.751123, 27.316099 ] }, { "date": "2023-09-01", "close": 29.490799, "volume": 4731200, "typical_volume": 2308080.0, "trend": 26.95301, "fair_value": 27.115916, "relative_strength": 10.318576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.355578, "energy": 43.978835, "activity_lines": [ 28.582246, 28.320918, 27.962083, 27.482703 ] }, { "date": "2023-09-08", "close": 29.626495, "volume": 1182600, "typical_volume": 2295160.0, "trend": 27.031439, "fair_value": 27.193962, "relative_strength": 11.569292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.978969, "energy": 53.300183, "activity_lines": [ 28.970047, 28.605563, 28.168077, 27.655186 ] }, { "date": "2023-09-15", "close": 29.174181, "volume": 1510300, "typical_volume": 2320840.0, "trend": 27.124119, "fair_value": 27.275025, "relative_strength": 9.978765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.288187, "energy": 60.951797, "activity_lines": [ 29.123559, 28.768944, 28.314552, 27.793427 ] }, { "date": "2023-09-22", "close": 29.174181, "volume": 1494000, "typical_volume": 2355310.0, "trend": 27.224129, "fair_value": 27.355011, "relative_strength": 11.129298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.670469, "energy": 62.976585, "activity_lines": [ 29.238602, 28.889337, 28.444646, 27.92569 ] }, { "date": "2023-09-29", "close": 28.269554, "volume": 1301600, "typical_volume": 2228845.0, "trend": 27.308649, "fair_value": 27.432426, "relative_strength": 11.207035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.068988, "energy": 37.269831, "activity_lines": [ 28.954055, 28.822573, 28.472202, 27.993136 ] }, { "date": "2023-10-06", "close": 28.0434, "volume": 1790800, "typical_volume": 2255845.0, "trend": 27.378299, "fair_value": 27.506778, "relative_strength": 12.584664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.754232, "energy": 20.555025, "activity_lines": [ 28.586174, 28.708461, 28.464886, 28.04054 ] }, { "date": "2023-10-13", "close": 28.269554, "volume": 462300, "typical_volume": 2177780.0, "trend": 27.477482, "fair_value": 27.583117, "relative_strength": 12.297034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.91449, "energy": 17.891688, "activity_lines": [ 28.390172, 28.637411, 28.46685, 28.09804 ] }, { "date": "2023-10-20", "close": 27.364929, "volume": 808400, "typical_volume": 1819960.0, "trend": 27.539179, "fair_value": 27.656884, "relative_strength": 12.429709, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.227151, "energy": 16.683779, "activity_lines": [ 27.98309, 28.403779, 28.371453, 28.090778 ] }, { "date": "2023-10-27", "close": 26.686462, "volume": 2036900, "typical_volume": 1720130.0, "trend": 27.578261, "fair_value": 27.726302, "relative_strength": 10.280516, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.200023, "energy": 29.67145, "activity_lines": [ 27.470469, 28.069192, 28.217308, 28.035764 ] }, { "date": "2023-11-03", "close": 26.686462, "volume": 2338200, "typical_volume": 1748635.0, "trend": 27.610011, "fair_value": 27.789266, "relative_strength": 7.62293, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.833497, "energy": 41.727338, "activity_lines": [ 27.123697, 27.753097, 28.074389, 27.978229 ] }, { "date": "2023-11-10", "close": 26.234146, "volume": 2239600, "typical_volume": 1725250.0, "trend": 27.626684, "fair_value": 27.835886, "relative_strength": 7.881384, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.793668, "energy": 54.608603, "activity_lines": [ 26.731692, 27.381377, 27.899618, 27.889463 ] }, { "date": "2023-11-17", "close": 26.00799, "volume": 3245000, "typical_volume": 1788770.0, "trend": 27.621155, "fair_value": 27.868685, "relative_strength": 4.813461, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.240367, "energy": 64.568396, "activity_lines": [ 26.384918, 27.027751, 27.709242, 27.785032 ] }, { "date": "2023-11-24", "close": 25.781832, "volume": 2652100, "typical_volume": 1855030.0, "trend": 27.622751, "fair_value": 27.894119, "relative_strength": 5.063694, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.352983, "energy": 65.471807, "activity_lines": [ 26.11353, 26.698796, 27.504337, 27.666366 ] }, { "date": "2023-12-01", "close": 25.103365, "volume": 2295400, "typical_volume": 1879285.0, "trend": 27.601731, "fair_value": 27.917892, "relative_strength": 3.389577, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.533844, "energy": 83.519161, "activity_lines": [ 25.721525, 26.308162, 27.239711, 27.503824 ] }, { "date": "2023-12-08", "close": 25.329519, "volume": 1162500, "typical_volume": 1808550.0, "trend": 27.597071, "fair_value": 27.933703, "relative_strength": 4.079168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.549979, "energy": 80.947126, "activity_lines": [ 25.510445, 26.032662, 27.010069, 27.35723 ] }, { "date": "2023-12-15", "close": 24.651052, "volume": 2494200, "typical_volume": 1885160.0, "trend": 27.569795, "fair_value": 27.947855, "relative_strength": 0.375062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.520138, "energy": 85.664879, "activity_lines": [ 25.163672, 25.687259, 26.72818, 27.167164 ] }, { "date": "2023-12-22", "close": 25.103365, "volume": 1067200, "typical_volume": 1861895.0, "trend": 27.542702, "fair_value": 27.929947, "relative_strength": 1.023545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.486423, "energy": 81.331442, "activity_lines": [ 25.07321, 25.485774, 26.506031, 27.00804 ] }, { "date": "2023-12-29", "close": 25.555677, "volume": 1772300, "typical_volume": 1879650.0, "trend": 27.44132, "fair_value": 27.925695, "relative_strength": 1.858746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.809138, "energy": 64.947315, "activity_lines": [ 25.193827, 25.424095, 26.342532, 26.879845 ] }, { "date": "2024-01-05", "close": 25.781832, "volume": 998300, "typical_volume": 1863405.0, "trend": 27.332582, "fair_value": 27.909447, "relative_strength": 1.737749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.60002, "energy": 51.350668, "activity_lines": [ 25.404906, 25.436431, 26.215055, 26.772781 ] }, { "date": "2024-01-12", "close": 25.103365, "volume": 2477800, "typical_volume": 1903035.0, "trend": 27.201229, "fair_value": 27.884816, "relative_strength": -0.052786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.7162, "energy": 44.097109, "activity_lines": [ 25.344598, 25.341856, 26.032114, 26.62896 ] }, { "date": "2024-01-19", "close": 24.877207, "volume": 3641800, "typical_volume": 1848565.0, "trend": 27.114467, "fair_value": 27.872182, "relative_strength": 1.093842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.948553, "energy": 46.949999, "activity_lines": [ 25.223981, 25.234946, 25.842142, 26.479024 ] }, { "date": "2024-01-26", "close": 24.424894, "volume": 1636200, "typical_volume": 1871245.0, "trend": 27.012628, "fair_value": 27.868748, "relative_strength": 0.19183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.228133, "energy": 56.13119, "activity_lines": [ 24.937516, 25.070468, 25.631063, 26.305503 ] }, { "date": "2024-02-02", "close": 24.19874, "volume": 1091800, "typical_volume": 1850320.0, "trend": 26.925592, "fair_value": 27.85042, "relative_strength": -1.963893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.168435, "energy": 79.151536, "activity_lines": [ 24.620897, 24.893656, 25.423214, 26.123962 ] }, { "date": "2024-02-09", "close": 24.19874, "volume": 760100, "typical_volume": 1813625.0, "trend": 26.80132, "fair_value": 27.83478, "relative_strength": -2.376812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.232527, "energy": 85.597961, "activity_lines": [ 24.394741, 24.745626, 25.239058, 25.948036 ] }, { "date": "2024-02-16", "close": 24.19874, "volume": 961000, "typical_volume": 1796595.0, "trend": 26.677048, "fair_value": 27.82183, "relative_strength": -2.384114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.596287, "energy": 84.92576, "activity_lines": [ 24.274125, 24.614044, 25.078595, 25.780127 ] }, { "date": "2024-02-23", "close": 24.19874, "volume": 2314500, "typical_volume": 1822780.0, "trend": 26.545329, "fair_value": 27.814258, "relative_strength": -3.346914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.742645, "energy": 76.74769, "activity_lines": [ 24.213817, 24.503022, 24.937517, 25.620236 ] }, { "date": "2024-03-01", "close": 24.19874, "volume": 784300, "typical_volume": 1838880.0, "trend": 26.406163, "fair_value": 27.777106, "relative_strength": -1.353704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.047964, "energy": 59.581958, "activity_lines": [ 24.19874, 24.400224, 24.814746, 25.468844 ] }, { "date": "2024-03-08", "close": 23.972584, "volume": 1921200, "typical_volume": 1894520.0, "trend": 26.252011, "fair_value": 27.745227, "relative_strength": -3.724923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.90994, "energy": 58.866841, "activity_lines": [ 24.123355, 24.272755, 24.689822, 25.311838 ] }, { "date": "2024-03-15", "close": 23.972584, "volume": 844000, "typical_volume": 1834875.0, "trend": 26.127648, "fair_value": 27.695868, "relative_strength": -3.813843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.318649, "energy": 56.4815, "activity_lines": [ 24.063046, 24.174068, 24.581051, 25.164779 ] }, { "date": "2024-03-22", "close": 23.972584, "volume": 344600, "typical_volume": 1735195.0, "trend": 25.98839, "fair_value": 27.650543, "relative_strength": -3.602767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.551534, "energy": 52.68646, "activity_lines": [ 24.017815, 24.108278, 24.485204, 25.025742 ] }, { "date": "2024-03-29", "close": 23.972584, "volume": 509200, "typical_volume": 1648675.0, "trend": 25.80445, "fair_value": 27.603873, "relative_strength": -3.544736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.870199, "energy": 50.62825, "activity_lines": [ 23.987661, 24.063046, 24.40228, 24.89569 ] }, { "date": "2024-04-05", "close": 24.19874, "volume": 820700, "typical_volume": 1527460.0, "trend": 25.623525, "fair_value": 27.558654, "relative_strength": -2.600051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.603026, "energy": 44.089296, "activity_lines": [ 24.047969, 24.075382, 24.351664, 24.792096 ] }, { "date": "2024-04-12", "close": 24.651052, "volume": 479200, "typical_volume": 1418815.0, "trend": 25.472754, "fair_value": 27.520367, "relative_strength": -2.412875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.24661, "energy": 30.510538, "activity_lines": [ 24.259048, 24.174068, 24.352741, 24.729356 ] }, { "date": "2024-04-19", "close": 24.651052, "volume": 0, "typical_volume": 1304045.0, "trend": 25.321983, "fair_value": 27.479391, "relative_strength": 2.112083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.500422, "energy": 21.869667, "activity_lines": [ 24.424896, 24.264531, 24.359203, 24.676343 ] }, { "date": "2024-04-26", "close": 23.972584, "volume": 982900, "typical_volume": 1295065.0, "trend": 25.17875, "fair_value": 27.431377, "relative_strength": -2.814986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.658734, "energy": 24.348508, "activity_lines": [ 24.319357, 24.223412, 24.303202, 24.589285 ] }, { "date": "2024-05-03", "close": 24.19874, "volume": 895500, "typical_volume": 1215130.0, "trend": 25.050595, "fair_value": 27.384813, "relative_strength": -2.703715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.887995, "energy": 18.872263, "activity_lines": [ 24.289202, 24.227523, 24.275202, 24.526058 ] }, { "date": "2024-05-10", "close": 24.152735, "volume": 660100, "typical_volume": 1194775.0, "trend": 24.913368, "fair_value": 27.365913, "relative_strength": -3.161467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.012844, "energy": 23.471901, "activity_lines": [ 24.228636, 24.223271, 24.244974, 24.468132 ] }, { "date": "2024-05-17", "close": 23.92271, "volume": 435800, "typical_volume": 1127950.0, "trend": 24.798627, "fair_value": 27.344181, "relative_strength": -4.880749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.516885, "energy": 38.280388, "activity_lines": [ 24.094462, 24.178032, 24.197366, 24.404219 ] }, { "date": "2024-05-24", "close": 23.92271, "volume": 377900, "typical_volume": 1096930.0, "trend": 24.706502, "fair_value": 27.323806, "relative_strength": -3.673424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.52492, "energy": 37.845346, "activity_lines": [ 24.008844, 24.1337, 24.157534, 24.347708 ] }, { "date": "2024-05-31", "close": 23.462656, "volume": 883700, "typical_volume": 1017225.0, "trend": 24.599042, "fair_value": 27.29641, "relative_strength": -4.078861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.62379, "energy": 59.87524, "activity_lines": [ 23.818431, 24.006628, 24.08274, 24.26746 ] }, { "date": "2024-06-07", "close": 22.910593, "volume": 566400, "typical_volume": 863455.0, "trend": 24.488257, "fair_value": 27.255975, "relative_strength": -5.278917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.72656, "energy": 80.111419, "activity_lines": [ 23.477992, 23.788453, 23.963182, 24.158527 ] }, { "date": "2024-06-14", "close": 22.818584, "volume": 538100, "typical_volume": 808550.0, "trend": 24.381943, "fair_value": 27.225808, "relative_strength": -3.650495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.011589, "energy": 83.757202, "activity_lines": [ 23.192759, 23.572858, 23.844226, 24.050807 ] }, { "date": "2024-06-21", "close": 22.542553, "volume": 362100, "typical_volume": 772065.0, "trend": 24.273967, "fair_value": 27.200658, "relative_strength": -4.704229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.996252, "energy": 90.374106, "activity_lines": [ 22.90446, 23.332169, 23.70663, 23.932136 ] }, { "date": "2024-06-28", "close": 22.634563, "volume": 623300, "typical_volume": 765225.0, "trend": 24.191674, "fair_value": 27.177455, "relative_strength": -3.824134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.359395, "energy": 87.114253, "activity_lines": [ 22.738841, 23.146546, 23.585683, 23.826368 ] }, { "date": "2024-07-05", "close": 22.726574, "volume": 324200, "typical_volume": 733385.0, "trend": 24.104909, "fair_value": 27.16027, "relative_strength": -4.177301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.721351, "energy": 81.185895, "activity_lines": [ 22.689769, 23.014315, 23.480948, 23.731846 ] }, { "date": "2024-07-12", "close": 22.726574, "volume": 89200, "typical_volume": 622120.0, "trend": 24.04076, "fair_value": 27.137657, "relative_strength": -5.485243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.759517, "energy": 71.228241, "activity_lines": [ 22.68977, 22.904739, 23.383224, 23.642921 ] }, { "date": "2024-07-19", "close": 22.818584, "volume": 242900, "typical_volume": 595050.0, "trend": 23.9646, "fair_value": 27.121062, "relative_strength": -3.933132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.976354, "energy": 52.08701, "activity_lines": [ 22.732708, 22.838659, 23.301272, 23.564071 ] }, { "date": "2024-07-26", "close": 22.266521, "volume": 474900, "typical_volume": 522735.0, "trend": 23.854962, "fair_value": 27.110429, "relative_strength": -5.42349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.801155, "energy": 58.82997, "activity_lines": [ 22.591625, 22.696461, 23.173315, 23.454517 ] }, { "date": "2024-08-02", "close": 22.266521, "volume": 279400, "typical_volume": 494505.0, "trend": 23.737785, "fair_value": 27.099796, "relative_strength": -5.686985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.119832, "energy": 58.113831, "activity_lines": [ 22.468944, 22.584376, 23.053483, 23.352037 ] }, { "date": "2024-08-09", "close": 21.162395, "volume": 993000, "typical_volume": 526925.0, "trend": 23.606419, "fair_value": 27.086157, "relative_strength": -9.032263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.191359, "energy": 82.223097, "activity_lines": [ 22.002758, 22.301652, 22.836619, 23.185883 ] }, { "date": "2024-08-16", "close": 20.610331, "volume": 2141700, "typical_volume": 608550.0, "trend": 23.46419, "fair_value": 27.06355, "relative_strength": -11.579212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.201779, "energy": 95.160593, "activity_lines": [ 21.456828, 21.960377, 22.58056, 22.992587 ] }, { "date": "2024-08-23", "close": 23.002604, "volume": 1584600, "typical_volume": 646745.0, "trend": 23.41678, "fair_value": 27.039992, "relative_strength": -4.985317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.130475, "energy": 53.189158, "activity_lines": [ 21.849406, 22.095883, 22.568347, 22.962807 ] }, { "date": "2024-08-30", "close": 22.818584, "volume": 1953200, "typical_volume": 720445.0, "trend": 23.370775, "fair_value": 27.012539, "relative_strength": -5.824243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.170521, "energy": 43.091325, "activity_lines": [ 22.168376, 22.194585, 22.544305, 22.924214 ] }, { "date": "2024-09-06", "close": 25.302866, "volume": 5264500, "typical_volume": 983670.0, "trend": 23.407579, "fair_value": 26.996081, "relative_strength": -0.433914, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 7.647641, "energy": 19.488495, "activity_lines": [ 23.278636, 22.739956, 22.765586, 23.048865 ] }, { "date": "2024-09-13", "close": 25.666283, "volume": 3857300, "typical_volume": 1127390.0, "trend": 23.456498, "fair_value": 26.991573, "relative_strength": 1.325102, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.926527, "energy": 50.922663, "activity_lines": [ 24.307611, 23.302889, 23.018375, 23.194588 ] }, { "date": "2024-09-20", "close": 25.666283, "volume": 0, "typical_volume": 1082615.0, "trend": 23.505416, "fair_value": 26.97607, "relative_strength": -0.420942, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.1694, "energy": 69.659389, "activity_lines": [ 25.036328, 23.812372, 23.263099, 23.337155 ] }, { "date": "2024-09-27", "close": 24.966291, "volume": 1637800, "typical_volume": 1131500.0, "trend": 23.531001, "fair_value": 26.957455, "relative_strength": -2.823804, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.032361, "energy": 73.467232, "activity_lines": [ 25.19465, 24.141134, 23.434169, 23.431405 ] }, { "date": "2024-10-04", "close": 24.732964, "volume": 1227200, "typical_volume": 1171070.0, "trend": 23.556347, "fair_value": 26.934595, "relative_strength": -3.089356, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.888368, "energy": 70.298133, "activity_lines": [ 25.144284, 24.388424, 23.579142, 23.508951 ] }, { "date": "2024-10-11", "close": 24.499634, "volume": 1030500, "typical_volume": 1203700.0, "trend": 23.573915, "fair_value": 26.911614, "relative_strength": -5.401186, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.026005, "energy": 41.921074, "activity_lines": [ 24.888517, 24.548447, 23.698036, 23.569808 ] }, { "date": "2024-10-18", "close": 24.499634, "volume": 1433200, "typical_volume": 1231175.0, "trend": 23.591483, "fair_value": 26.888633, "relative_strength": -6.335278, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 54.929144, "energy": 37.831649, "activity_lines": [ 24.686298, 24.667867, 23.814182, 23.629532 ] }, { "date": "2024-10-25", "close": 23.332983, "volume": 564100, "typical_volume": 1231060.0, "trend": 23.570163, "fair_value": 26.859547, "relative_strength": -8.858908, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.444308, "energy": 18.333598, "activity_lines": [ 24.172971, 24.514491, 23.814281, 23.612854 ] }, { "date": "2024-11-01", "close": 23.239651, "volume": 396400, "typical_volume": 1223975.0, "trend": 23.538194, "fair_value": 26.821618, "relative_strength": -8.977374, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.285211, "energy": 19.96797, "activity_lines": [ 23.784088, 24.294644, 23.80348, 23.591531 ] }, { "date": "2024-11-08", "close": 23.332983, "volume": 1074900, "typical_volume": 1259615.0, "trend": 23.494258, "fair_value": 26.787035, "relative_strength": -8.346179, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.822583, "energy": 21.328792, "activity_lines": [ 23.541425, 24.087456, 23.799562, 23.578291 ] }, { "date": "2024-11-15", "close": 23.052988, "volume": 1105000, "typical_volume": 1283700.0, "trend": 23.440989, "fair_value": 26.738289, "relative_strength": -7.81753, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.032396, "energy": 23.423334, "activity_lines": [ 23.298762, 23.820007, 23.765214, 23.549822 ] }, { "date": "2024-11-22", "close": 23.332983, "volume": 667900, "typical_volume": 1300885.0, "trend": 23.419669, "fair_value": 26.700958, "relative_strength": -6.694878, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.495477, "energy": 25.603181, "activity_lines": [ 23.245873, 23.644373, 23.75554, 23.542854 ] }, { "date": "2024-11-29", "close": 23.332983, "volume": 987700, "typical_volume": 1345810.0, "trend": 23.390811, "fair_value": 26.65813, "relative_strength": -5.274659, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.146052, "energy": 22.435489, "activity_lines": [ 23.270762, 23.511163, 23.742978, 23.537262 ] }, { "date": "2024-12-06", "close": 23.566313, "volume": 404800, "typical_volume": 1353905.0, "trend": 23.371263, "fair_value": 26.614049, "relative_strength": -5.71467, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.595068, "energy": 17.24492, "activity_lines": [ 23.373427, 23.4628, 23.74975, 23.548584 ] }, { "date": "2024-12-13", "close": 23.566313, "volume": 547300, "typical_volume": 1357525.0, "trend": 23.359383, "fair_value": 26.568594, "relative_strength": -4.243577, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 16.828697, "energy": 14.872888, "activity_lines": [ 23.454315, 23.439891, 23.752962, 23.561168 ] }, { "date": "2024-12-20", "close": 22.866325, "volume": 1256300, "typical_volume": 1406370.0, "trend": 23.32417, "fair_value": 26.525522, "relative_strength": -2.433049, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.861629, "energy": 20.327576, "activity_lines": [ 23.286318, 23.310923, 23.683319, 23.529358 ] }, { "date": "2024-12-27", "close": 22.959656, "volume": 481200, "typical_volume": 1380780.0, "trend": 23.307404, "fair_value": 26.477553, "relative_strength": -4.400054, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.751675, "energy": 28.592825, "activity_lines": [ 23.161875, 23.228621, 23.619708, 23.505841 ] }, { "date": "2025-01-03", "close": 22.959656, "volume": 351600, "typical_volume": 1291275.0, "trend": 23.309039, "fair_value": 26.414466, "relative_strength": -3.086747, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.071737, "energy": 36.002837, "activity_lines": [ 23.062321, 23.174319, 23.547539, 23.483406 ] }, { "date": "2025-01-10", "close": 22.679659, "volume": 941000, "typical_volume": 1259095.0, "trend": 23.304408, "fair_value": 26.356455, "relative_strength": -2.9663, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.842814, "energy": 51.42058, "activity_lines": [ 22.894323, 23.075896, 23.437516, 23.4428 ] }, { "date": "2025-01-17", "close": 22.586329, "volume": 947000, "typical_volume": 1208785.0, "trend": 23.305868, "fair_value": 26.301969, "relative_strength": -1.266032, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.983221, "energy": 57.329905, "activity_lines": [ 22.754326, 22.970686, 23.320142, 23.396473 ] }, { "date": "2025-01-24", "close": 22.212999, "volume": 1322900, "typical_volume": 1011705.0, "trend": 23.291815, "fair_value": 26.243716, "relative_strength": -3.704671, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.503583, "energy": 71.515169, "activity_lines": [ 22.555217, 22.811173, 23.168319, 23.325965 ] }, { "date": "2025-01-31", "close": 22.212999, "volume": 507200, "typical_volume": 844200.0, "trend": 23.274696, "fair_value": 26.186837, "relative_strength": -0.740356, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.854854, "energy": 84.177366, "activity_lines": [ 22.399663, 22.666933, 23.03121, 23.256364 ] }, { "date": "2025-02-07", "close": 21.559679, "volume": 965900, "typical_volume": 892495.0, "trend": 23.2358, "fair_value": 26.120273, "relative_strength": -1.155843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.16927, "energy": 94.322282, "activity_lines": [ 22.076114, 22.42427, 22.848324, 23.145718 ] }, { "date": "2025-02-14", "close": 21.18635, "volume": 944000, "typical_volume": 857805.0, "trend": 23.181392, "fair_value": 26.054065, "relative_strength": -2.015879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.031404, "energy": 95.674985, "activity_lines": [ 21.721453, 22.145971, 22.649438, 23.013495 ] }, { "date": "2025-02-21", "close": 21.933004, "volume": 1032400, "typical_volume": 848065.0, "trend": 23.170275, "fair_value": 26.005011, "relative_strength": 3.510467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.049484, "energy": 83.987586, "activity_lines": [ 21.71523, 22.0467, 22.539662, 22.932954 ] }, { "date": "2025-02-28", "close": 21.373014, "volume": 1000300, "typical_volume": 846555.0, "trend": 23.140491, "fair_value": 25.949619, "relative_strength": 4.421184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.951608, "energy": 80.547439, "activity_lines": [ 21.5659, 21.875309, 22.389887, 22.817002 ] }, { "date": "2025-03-07", "close": 21.653009, "volume": 737300, "typical_volume": 811760.0, "trend": 23.156845, "fair_value": 25.897396, "relative_strength": 5.851356, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.110101, "energy": 59.323394, "activity_lines": [ 21.565899, 21.781977, 22.281666, 22.721035 ] }, { "date": "2025-03-14", "close": 21.18635, "volume": 1008600, "typical_volume": 833985.0, "trend": 23.176046, "fair_value": 25.836684, "relative_strength": 5.974242, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.085399, "energy": 57.93611, "activity_lines": [ 21.447679, 21.627555, 22.142557, 22.593906 ] }, { "date": "2025-03-21", "close": 21.18635, "volume": 744800, "typical_volume": 851405.0, "trend": 23.115504, "fair_value": 25.78147, "relative_strength": 4.76794, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.126781, "energy": 59.505975, "activity_lines": [ 21.354347, 21.505375, 22.01367, 22.465539 ] }, { "date": "2025-03-28", "close": 21.279682, "volume": 369300, "typical_volume": 816125.0, "trend": 23.064207, "fair_value": 25.726853, "relative_strength": 6.143984, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.345631, "energy": 55.60291, "activity_lines": [ 21.292126, 21.427316, 21.90345, 22.347099 ] }, { "date": "2025-04-04", "close": 20.813021, "volume": 935200, "typical_volume": 807635.0, "trend": 22.914546, "fair_value": 25.673369, "relative_strength": 8.341, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.361599, "energy": 61.465512, "activity_lines": [ 21.117906, 21.288166, 21.758563, 22.201861 ] }, { "date": "2025-04-11", "close": 19.973034, "volume": 1189300, "typical_volume": 833705.0, "trend": 22.724771, "fair_value": 25.614499, "relative_strength": 3.645701, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.098586, "energy": 75.988154, "activity_lines": [ 20.701023, 21.021746, 21.544344, 22.012086 ] }, { "date": "2025-04-18", "close": 20.626356, "volume": 386300, "typical_volume": 803635.0, "trend": 22.556773, "fair_value": 25.555695, "relative_strength": 5.032207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.474111, "energy": 60.30698, "activity_lines": [ 20.613913, 20.914838, 21.408346, 21.876704 ] }, { "date": "2025-04-25", "close": 20.533026, "volume": 681900, "typical_volume": 817490.0, "trend": 22.408998, "fair_value": 25.499041, "relative_strength": 3.820385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.984845, "energy": 58.321749, "activity_lines": [ 20.533025, 20.807931, 21.276348, 21.74614 ] }, { "date": "2025-05-02", "close": 21.093019, "volume": 719500, "typical_volume": 826100.0, "trend": 22.287666, "fair_value": 25.445977, "relative_strength": 3.103903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.892641, "energy": 49.745003, "activity_lines": [ 20.682357, 20.814719, 21.212127, 21.661238 ] }, { "date": "2025-05-09", "close": 21.426315, "volume": 659100, "typical_volume": 796240.0, "trend": 22.185222, "fair_value": 25.402291, "relative_strength": 3.688309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.236592, "energy": 29.610954, "activity_lines": [ 20.955232, 20.897378, 21.191426, 21.605667 ] }, { "date": "2025-05-16", "close": 21.045404, "volume": 706400, "typical_volume": 807500.0, "trend": 22.070081, "fair_value": 25.35477, "relative_strength": 3.10236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.794446, "energy": 21.984151, "activity_lines": [ 21.06025, 20.909813, 21.141305, 21.532131 ] }, { "date": "2025-05-23", "close": 20.950176, "volume": 279400, "typical_volume": 803890.0, "trend": 21.990654, "fair_value": 25.303854, "relative_strength": 4.296804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.156204, "energy": 20.659199, "activity_lines": [ 21.062034, 20.91598, 21.09123, 21.459879 ] }, { "date": "2025-05-30", "close": 20.854946, "volume": 298400, "typical_volume": 771760.0, "trend": 21.911164, "fair_value": 25.250935, "relative_strength": 6.193153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.296979, "energy": 20.044846, "activity_lines": [ 21.010486, 20.909127, 21.041654, 21.386607 ] }, { "date": "2025-06-06", "close": 20.664494, "volume": 277100, "typical_volume": 738265.0, "trend": 21.822214, "fair_value": 25.202365, "relative_strength": 6.285132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.077895, "energy": 31.213388, "activity_lines": [ 20.873994, 20.873672, 20.98263, 21.306177 ] }, { "date": "2025-06-13", "close": 20.283577, "volume": 500500, "typical_volume": 697145.0, "trend": 21.729901, "fair_value": 25.154139, "relative_strength": 5.530365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.106147, "energy": 52.029284, "activity_lines": [ 20.639097, 20.780144, 20.896479, 21.20691 ] }, { "date": "2025-06-20", "close": 20.093124, "volume": 583400, "typical_volume": 700955.0, "trend": 21.621905, "fair_value": 25.104692, "relative_strength": 9.738876, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.665631, "energy": 64.145388, "activity_lines": [ 20.416899, 20.661615, 20.801377, 21.101311 ] }, { "date": "2025-06-27", "close": 20.188353, "volume": 543100, "typical_volume": 679815.0, "trend": 21.517084, "fair_value": 25.054463, "relative_strength": 8.599851, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.110354, "energy": 64.136471, "activity_lines": [ 20.289928, 20.558216, 20.72544, 21.008824 ] }, { "date": "2025-07-04", "close": 20.854946, "volume": 845900, "typical_volume": 674910.0, "trend": 21.426706, "fair_value": 25.007114, "relative_strength": 8.269747, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.241525, "energy": 43.916047, "activity_lines": [ 20.435944, 20.58398, 20.719517, 20.966106 ] }, { "date": "2025-07-11", "close": 20.759718, "volume": 353500, "typical_volume": 640965.0, "trend": 21.333152, "fair_value": 24.964725, "relative_strength": 7.486061, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.555638, "energy": 33.053436, "activity_lines": [ 20.550217, 20.586577, 20.706104, 20.923074 ] }, { "date": "2025-07-18", "close": 20.854946, "volume": 1413800, "typical_volume": 661640.0, "trend": 21.266106, "fair_value": 24.924339, "relative_strength": 0.336519, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.054625, "energy": 17.999377, "activity_lines": [ 20.689885, 20.612548, 20.707347, 20.892222 ] }, { "date": "2025-07-25", "close": 21.331087, "volume": 1357000, "typical_volume": 692625.0, "trend": 21.211821, "fair_value": 24.885612, "relative_strength": 1.680239, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.076201, "energy": 15.593349, "activity_lines": [ 20.950175, 20.735479, 20.756403, 20.896414 ] }, { "date": "2025-08-01", "close": 21.331087, "volume": 707500, "typical_volume": 677570.0, "trend": 21.157535, "fair_value": 24.844101, "relative_strength": 1.519354, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.217131, "energy": 17.006857, "activity_lines": [ 21.127934, 20.853215, 20.806993, 20.904109 ] }, { "date": "2025-08-08", "close": 21.807228, "volume": 1492400, "typical_volume": 714950.0, "trend": 21.128454, "fair_value": 24.802856, "relative_strength": 0.314839, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.808869, "energy": 42.764283, "activity_lines": [ 21.388224, 21.050597, 20.90224, 20.946025 ] }, { "date": "2025-08-15", "close": 22.283369, "volume": 1589200, "typical_volume": 775945.0, "trend": 21.118355, "fair_value": 24.763271, "relative_strength": 2.262976, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.328563, "energy": 67.200628, "activity_lines": [ 21.743743, 21.317236, 21.039877, 21.020535 ] }, { "date": "2025-08-22", "close": 22.283369, "volume": 893500, "typical_volume": 773860.0, "trend": 21.120701, "fair_value": 24.723686, "relative_strength": 2.663587, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.025916, "energy": 69.473838, "activity_lines": [ 21.997684, 21.554441, 21.172735, 21.095697 ] }, { "date": "2025-08-29", "close": 22.283369, "volume": 832000, "typical_volume": 755995.0, "trend": 21.123047, "fair_value": 24.684101, "relative_strength": 3.914744, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.314626, "energy": 78.814255, "activity_lines": [ 22.156398, 21.755285, 21.298592, 21.170708 ] }, { "date": "2025-09-05", "close": 22.759508, "volume": 669300, "typical_volume": 770145.0, "trend": 21.163041, "fair_value": 24.650935, "relative_strength": 3.738406, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.263402, "energy": 83.415412, "activity_lines": [ 22.410339, 22.002878, 21.458793, 21.276286 ] }, { "date": "2025-09-12", "close": 23.04842, "volume": 1209100, "typical_volume": 796505.0, "trend": 21.22511, "fair_value": 24.622441, "relative_strength": 2.737822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.389649, "energy": 84.13992, "activity_lines": [ 22.665356, 22.256252, 21.636352, 21.397924 ] }, { "date": "2025-09-19", "close": 22.854736, "volume": 941400, "typical_volume": 807600.0, "trend": 21.255834, "fair_value": 24.589885, "relative_strength": 1.945487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.439653, "energy": 78.61644, "activity_lines": [ 22.773066, 22.43453, 21.783486, 21.503061 ] }, { "date": "2025-09-26", "close": 22.661053, "volume": 716000, "typical_volume": 810445.0, "trend": 21.298769, "fair_value": 24.557498, "relative_strength": 2.129437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.634985, "energy": 70.559612, "activity_lines": [ 22.778124, 22.539501, 21.903786, 21.59372 ] }, { "date": "2025-10-03", "close": 22.95158, "volume": 716700, "typical_volume": 810960.0, "trend": 21.342055, "fair_value": 24.528382, "relative_strength": 2.179879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.319629, "energy": 69.093257, "activity_lines": [ 22.854845, 22.664457, 22.045875, 21.700353 ] }, { "date": "2025-10-10", "close": 23.04842, "volume": 658700, "typical_volume": 829925.0, "trend": 21.404124, "fair_value": 24.499888, "relative_strength": 2.997755, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.619635, "energy": 58.34822, "activity_lines": [ 22.919298, 22.777556, 22.188109, 21.810441 ] }, { "date": "2025-10-17", "close": 22.757895, "volume": 854600, "typical_volume": 857735.0, "trend": 21.456509, "fair_value": 24.468121, "relative_strength": 2.526559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.124289, "energy": 49.766373, "activity_lines": [ 22.867649, 22.806609, 22.292684, 21.897781 ] }, { "date": "2025-10-24", "close": 23.823158, "volume": 3236200, "typical_volume": 1005690.0, "trend": 21.541291, "fair_value": 24.443183, "relative_strength": 3.864602, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.346738, "energy": 61.837654, "activity_lines": [ 23.190456, 23.012061, 22.48965, 22.050468 ] }, { "date": "2025-10-31", "close": 23.532631, "volume": 951600, "typical_volume": 1028245.0, "trend": 21.631945, "fair_value": 24.416383, "relative_strength": 2.706053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.352233, "energy": 57.774876, "activity_lines": [ 23.351859, 23.136694, 22.643905, 22.178942 ] }, { "date": "2025-11-07", "close": 23.338947, "volume": 771400, "typical_volume": 1037645.0, "trend": 21.744142, "fair_value": 24.386931, "relative_strength": 2.153339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.792509, "energy": 55.102921, "activity_lines": [ 23.390596, 23.203398, 22.764243, 22.289071 ] }, { "date": "2025-11-14", "close": 23.242105, "volume": 922000, "typical_volume": 1056590.0, "trend": 21.831334, "fair_value": 24.359678, "relative_strength": 4.160118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.348596, "energy": 54.571623, "activity_lines": [ 23.371228, 23.233301, 22.859902, 22.385714 ] }, { "date": "2025-11-21", "close": 23.532631, "volume": 703400, "typical_volume": 1049465.0, "trend": 21.93132, "fair_value": 24.337108, "relative_strength": 6.405658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.334888, "energy": 50.922221, "activity_lines": [ 23.435789, 23.307253, 22.968687, 22.495475 ] }, { "date": "2025-11-28", "close": 23.242105, "volume": 989200, "typical_volume": 1081250.0, "trend": 22.002957, "fair_value": 24.311265, "relative_strength": 4.655105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.655493, "energy": 42.15616, "activity_lines": [ 23.351859, 23.319579, 23.037053, 22.580042 ] }, { "date": "2025-12-05", "close": 23.92, "volume": 1136400, "typical_volume": 1067380.0, "trend": 22.086079, "fair_value": 24.291177, "relative_strength": 5.969438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.536745, "energy": 49.69086, "activity_lines": [ 23.532631, 23.448115, 23.15816, 22.703722 ] }, { "date": "2025-12-12", "close": 23.726316, "volume": 662700, "typical_volume": 1032665.0, "trend": 22.175443, "fair_value": 24.276898, "relative_strength": 6.475969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.44942, "energy": 48.076337, "activity_lines": [ 23.623017, 23.518545, 23.246225, 22.809544 ] }, { "date": "2025-12-19", "close": 24.452631, "volume": 1669200, "typical_volume": 1080750.0, "trend": 22.292192, "fair_value": 24.264454, "relative_strength": 9.573505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.764262, "energy": 57.894322, "activity_lines": [ 23.929684, 23.706947, 23.392057, 22.956459 ] }, { "date": "2025-12-26", "close": 24.210526, "volume": 426900, "typical_volume": 1027475.0, "trend": 22.404044, "fair_value": 24.246229, "relative_strength": 7.550377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.689123, "energy": 70.770234, "activity_lines": [ 24.074947, 23.825799, 23.499966, 23.080223 ] }, { "date": "2026-01-02", "close": 25.178947, "volume": 862600, "typical_volume": 991145.0, "trend": 22.554526, "fair_value": 24.228572, "relative_strength": 11.406621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.064851, "energy": 84.105547, "activity_lines": [ 24.497824, 24.094316, 23.688662, 23.259249 ] }, { "date": "2026-01-09", "close": 25.421053, "volume": 1868200, "typical_volume": 1039880.0, "trend": 22.725775, "fair_value": 24.212467, "relative_strength": 12.533032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.410848, "energy": 87.374849, "activity_lines": [ 24.872281, 24.382201, 23.886628, 23.444186 ] }, { "date": "2026-01-16", "close": 24.936842, "volume": 2871800, "typical_volume": 1141870.0, "trend": 22.887233, "fair_value": 24.196078, "relative_strength": 8.215965, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.832087, "energy": 72.682576, "activity_lines": [ 24.985263, 24.547713, 24.023536, 23.586835 ] }, { "date": "2026-01-23", "close": 24.694736, "volume": 1121100, "typical_volume": 1164460.0, "trend": 23.037445, "fair_value": 24.172497, "relative_strength": 3.739472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.415611, "energy": 65.023179, "activity_lines": [ 24.936842, 24.640153, 24.124752, 23.703448 ] }, { "date": "2026-01-30", "close": 24.452631, "volume": 1110500, "typical_volume": 1159530.0, "trend": 23.157368, "fair_value": 24.148774, "relative_strength": 1.685092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.411481, "energy": 50.72001, "activity_lines": [ 24.791579, 24.662162, 24.193694, 23.794751 ] }, { "date": "2026-02-06", "close": 24.452631, "volume": 1829900, "typical_volume": 1203955.0, "trend": 23.280465, "fair_value": 24.130691, "relative_strength": -0.578025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.191024, "energy": 34.984137, "activity_lines": [ 24.630175, 24.667445, 24.25595, 23.878316 ] }, { "date": "2026-02-13", "close": 24.936842, "volume": 1937700, "typical_volume": 1265040.0, "trend": 23.416528, "fair_value": 24.121352, "relative_strength": -4.10374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.464161, "energy": 33.979078, "activity_lines": [ 24.678596, 24.738756, 24.356711, 23.985179 ] }, { "date": "2026-02-20", "close": 26.631578, "volume": 5969800, "typical_volume": 1527695.0, "trend": 23.593211, "fair_value": 24.124286, "relative_strength": -1.040332, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 83.547632, "energy": 56.175877, "activity_lines": [ 25.32421, 25.099712, 24.60804, 24.192602 ] }, { "date": "2026-02-27", "close": 25.905262, "volume": 9525200, "typical_volume": 1971020.0, "trend": 23.745684, "fair_value": 24.125384, "relative_strength": -6.717863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.060023, "energy": 52.127864, "activity_lines": [ 25.614736, 25.275789, 24.772671, 24.341766 ] }, { "date": "2026-03-06", "close": 24.210526, "volume": 5613600, "typical_volume": 2208970.0, "trend": 23.825794, "fair_value": 24.114208, "relative_strength": -5.448449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.130909, "energy": 37.744768, "activity_lines": [ 25.259648, 25.11732, 24.762295, 24.371756 ] }, { "date": "2026-03-13", "close": 24.452631, "volume": 2874500, "typical_volume": 2190885.0, "trend": 23.898103, "fair_value": 24.108815, "relative_strength": -4.362937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.760145, "energy": 27.042318, "activity_lines": [ 25.001403, 25.00287, 24.76806, 24.412197 ] }, { "date": "2026-03-20", "close": 24.694736, "volume": 972200, "typical_volume": 2191915.0, "trend": 23.978482, "fair_value": 24.103563, "relative_strength": -4.946759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.939341, "energy": 16.48394, "activity_lines": [ 24.823859, 24.945645, 24.793884, 24.463593 ] }, { "date": "2026-03-27", "close": 24.694736, "volume": 1289700, "typical_volume": 2217830.0, "trend": 24.05886, "fair_value": 24.098311, "relative_strength": -5.76659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.831557, "energy": 19.174649, "activity_lines": [ 24.662455, 24.901626, 24.814175, 24.509803 ] }, { "date": "2026-04-03", "close": 25.178947, "volume": 1502200, "typical_volume": 2246840.0, "trend": 24.139508, "fair_value": 24.094753, "relative_strength": -4.258164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.254406, "energy": 16.78422, "activity_lines": [ 24.791578, 24.950047, 24.874125, 24.582066 ] }, { "date": "2026-04-10", "close": 24.936842, "volume": 717500, "typical_volume": 2247545.0, "trend": 24.202456, "fair_value": 24.089644, "relative_strength": -8.392098, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.953603, "energy": 14.143691, "activity_lines": [ 24.888421, 24.945645, 24.901794, 24.633507 ] }, { "date": "2026-04-17", "close": 25.178947, "volume": 529500, "typical_volume": 2224560.0, "trend": 24.279929, "fair_value": 24.083266, "relative_strength": -5.887069, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.208777, "energy": 23.377167, "activity_lines": [ 25.017543, 24.976459, 24.945834, 24.696507 ] }, { "date": "2026-04-24", "close": 26.631578, "volume": 3918300, "typical_volume": 2363655.0, "trend": 24.41228, "fair_value": 24.08902, "relative_strength": 1.281974, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.989809, "energy": 50.540487, "activity_lines": [ 25.582456, 25.258181, 25.118997, 24.848226 ] }, { "date": "2026-05-01", "close": 27.6, "volume": 4945700, "typical_volume": 2577805.0, "trend": 24.567228, "fair_value": 24.100982, "relative_strength": 2.227053, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.322476, "energy": 70.550356, "activity_lines": [ 26.341052, 25.685167, 25.371478, 25.053885 ] }, { "date": "2026-05-08", "close": 28.0, "volume": 3606400, "typical_volume": 2674665.0, "trend": 24.73228, "fair_value": 24.117204, "relative_strength": 3.141305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.452506, "energy": 79.172324, "activity_lines": [ 27.039298, 26.167272, 25.643609, 25.275354 ] }, { "date": "2026-05-15", "close": 28.75, "volume": 5477300, "typical_volume": 2927185.0, "trend": 24.932017, "fair_value": 24.138234, "relative_strength": 4.52792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.215005, "energy": 83.777553, "activity_lines": [ 27.799474, 26.747655, 25.970275, 25.534562 ] }, { "date": "2026-05-22", "close": 29.25, "volume": 8800700, "typical_volume": 3324090.0, "trend": 25.112912, "fair_value": 24.159605, "relative_strength": 4.780206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.684112, "energy": 87.675308, "activity_lines": [ 28.472105, 27.336411, 26.322944, 25.813142 ] }, { "date": "2026-05-29", "close": 35.0, "volume": 26324800, "typical_volume": 4546920.0, "trend": 25.495158, "fair_value": 24.200649, "relative_strength": 22.462662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.219, "energy": 98.351705, "activity_lines": [ 30.79, 28.883397, 27.203847, 26.451018 ] }, { "date": "2026-06-05", "close": 38.0, "volume": 3214700, "typical_volume": 4564065.0, "trend": 25.983859, "fair_value": 24.258059, "relative_strength": 30.958591, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.824888, "energy": 99.361096, "activity_lines": [ 33.55, 30.788469, 28.324849, 27.257782 ] }, { "date": "2026-06-12", "close": 38.25, "volume": 3242700, "typical_volume": 4670145.0, "trend": 26.484122, "fair_value": 24.317072, "relative_strength": 30.195103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.489258, "energy": 98.004957, "activity_lines": [ 35.7, 32.497081, 29.407456, 28.049146 ] }, { "date": "2026-06-19", "close": 38.5, "volume": 1286700, "typical_volume": 4678955.0, "trend": 26.983035, "fair_value": 24.387713, "relative_strength": 31.926534, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.29774, "energy": 94.829872, "activity_lines": [ 37.25, 34.013493, 30.449323, 28.824364 ] }, { "date": "2026-06-26", "close": 38.75, "volume": 2121400, "typical_volume": 4693530.0, "trend": 27.499965, "fair_value": 24.459956, "relative_strength": 34.477717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.834092, "energy": 91.851392, "activity_lines": [ 38.233333, 35.328756, 31.448108, 29.583523 ] }, { "date": "2026-07-03", "close": 45.0, "volume": 4905400, "typical_volume": 4841915.0, "trend": 28.202631, "fair_value": 24.57656, "relative_strength": 48.06747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.526636, "energy": 98.38901, "activity_lines": [ 40.666667, 37.533636, 32.974047, 30.712558 ] }, { "date": "2026-07-10", "close": 46.75, "volume": 18734600, "typical_volume": 5480155.0, "trend": 28.970087, "fair_value": 24.697221, "relative_strength": 51.260827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.296775, "energy": 89.535566, "activity_lines": [ 43.016667, 39.722727, 34.571115, 31.909162 ] }, { "date": "2026-07-17", "close": 45.25, "volume": 13907900, "typical_volume": 5699290.0, "trend": 29.663333, "fair_value": 24.808266, "relative_strength": 43.352126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.465122, "energy": 72.250643, "activity_lines": [ 44.283333, 41.290909, 35.929524, 32.959479 ] }, { "date": "2026-07-24", "close": 41.5, "volume": 23268100, "typical_volume": 6582015.0, "trend": 30.239649, "fair_value": 24.893841, "relative_strength": 30.096177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.374377, "energy": 68.391446, "activity_lines": [ 43.833333, 41.863636, 36.838672, 33.723135 ] }, { "date": "2026-07-31", "close": 40.5, "volume": 7974400, "typical_volume": 6837010.0, "trend": 30.750351, "fair_value": 24.971574, "relative_strength": 27.458912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.033486, "energy": 65.650529, "activity_lines": [ 42.85, 42.022727, 37.570251, 34.385093 ] }, { "date": "2026-08-07", "close": 41.5, "volume": 13130400, "typical_volume": 7444920.0, "trend": 31.286316, "fair_value": 25.054284, "relative_strength": 30.41449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.589909, "energy": 54.406982, "activity_lines": [ 42.083333, 42.159091, 38.320652, 35.078619 ] } ], "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." } } }