{ "ticker": { "uuid": "51c46d82-cc27-44ca-845a-9ab51804cba4", "symbol": "BOI", "name": "Boiron 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 63.851, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -0.106, "architecture_energy": 6.308, "architecture_maturity": 14.943, "architecture_confidence": 53.778, "architecture_tenure": "New", "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": 71.0, "rotation_up": 18.44, "upward_expansion": 18.03, "deceleration": 66.86, "rotation_down": 37.23, "downward_expansion": 29.37 }, "activity_lines": [ 27.24, 27.414545, 27.180918, 27.056645 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 27.200001, "trend_reference": 27.336324, "distance_from_trend": -0.004987, "trend_direction": "Weakening", "fair_value": 29.051163, "distance_from_fair_value": -0.063721, "fair_value_direction": "Improving", "relative_strength": -6.737969, "relative_strength_direction": "Weakening", "price_momentum": -0.077966, "excess_performance": -0.131277, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004987, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.014895, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.063721, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.046532, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.06738, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.061194, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.077966, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.113477, "read": "Demand-led" } ], "volume": { "latest": 6536, "relative_activity": 0.563737, "balance": 1.113477, "dry_up": 0.773026, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.046788, "annualized_volatility": 0.253565, "from_high_reference": -0.156589, "from_low_reference": 0.304556 }, "levels": { "trend_reference": 27.336324, "fair_value_reference": 29.051163, "structural_low": 23.347561, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.002341, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": 0.030472, "regime_survival": 0.615385, "best_return": 0.084153, "worst_return": -0.168712, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.072046, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.09718, "regime_survival": 0.2, "best_return": 0.060165, "worst_return": -0.180029, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.141458, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.19602, "regime_survival": 0.25, "best_return": 0.153439, "worst_return": -0.214506, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.158548, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.212973, "regime_survival": 0.0, "best_return": 0.040459, "worst_return": -0.357556, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-03", "end": "2024-01-19", "tenure": "Developing", "return": 0.03399, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-26", "end": "2024-02-02", "tenure": "New", "return": -0.084062, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-09", "end": "2024-06-07", "tenure": "Established", "return": 0.029105, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-11-15", "tenure": "Established", "return": -0.106628, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-09-12", "tenure": "Extended", "return": -0.088241, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-21", "tenure": "Developing", "return": -0.089041, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.078947, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-02-06", "tenure": "Developing", "return": 0.012007, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": -0.128978, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": -0.014051, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-06-05", "tenure": "Developing", "return": 0.199269, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": 0.007143, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.014925, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 37.224842, "volume": 11387, "typical_volume": 55601.7, "trend": 30.770228, "fair_value": 28.917078, "relative_strength": 12.599462, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.152624, "energy": 80.622804, "activity_lines": [ 37.239527, 36.19894, 33.263851, 31.948751 ] }, { "date": "2023-08-25", "close": 38.840122, "volume": 19516, "typical_volume": 55361.6, "trend": 31.03185, "fair_value": 29.014268, "relative_strength": 16.401432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.870464, "energy": 71.344484, "activity_lines": [ 37.807322, 36.983218, 33.982489, 32.469389 ] }, { "date": "2023-09-01", "close": 37.959057, "volume": 16310, "typical_volume": 54611.05, "trend": 31.298577, "fair_value": 29.106028, "relative_strength": 12.769015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.40986, "energy": 65.876602, "activity_lines": [ 37.94927, 37.413069, 34.563369, 32.916306 ] }, { "date": "2023-09-08", "close": 39.280651, "volume": 27115, "typical_volume": 54891.8, "trend": 31.586771, "fair_value": 29.186823, "relative_strength": 17.482497, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.710894, "energy": 69.19912, "activity_lines": [ 38.463222, 37.921014, 35.2242, 33.431279 ] }, { "date": "2023-09-15", "close": 38.913544, "volume": 91009, "typical_volume": 57329.85, "trend": 31.878183, "fair_value": 29.26177, "relative_strength": 14.18011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.450833, "energy": 65.641015, "activity_lines": [ 38.698172, 38.171316, 35.797009, 33.903974 ] }, { "date": "2023-09-22", "close": 39.868027, "volume": 47447, "typical_volume": 58924.2, "trend": 32.207354, "fair_value": 29.343055, "relative_strength": 20.072032, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.229235, "energy": 67.125643, "activity_lines": [ 39.172967, 38.554444, 36.41094, 34.419447 ] }, { "date": "2023-09-29", "close": 39.427494, "volume": 24808, "typical_volume": 59364.95, "trend": 32.517085, "fair_value": 29.407974, "relative_strength": 19.549223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.925649, "energy": 64.740464, "activity_lines": [ 39.324705, 38.804078, 36.929607, 34.885263 ] }, { "date": "2023-10-06", "close": 39.941448, "volume": 207687, "typical_volume": 68449.8, "trend": 32.849893, "fair_value": 29.472694, "relative_strength": 22.40906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.93853, "energy": 84.072568, "activity_lines": [ 39.608602, 39.100435, 37.442785, 35.364254 ] }, { "date": "2023-10-13", "close": 39.427494, "volume": 178967, "typical_volume": 76263.55, "trend": 33.203609, "fair_value": 29.541982, "relative_strength": 21.907234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.803852, "energy": 74.142085, "activity_lines": [ 39.589023, 39.248613, 37.849451, 35.788615 ] }, { "date": "2023-10-20", "close": 38.281162, "volume": 53559, "typical_volume": 73664.5, "trend": 33.538135, "fair_value": 29.608289, "relative_strength": 21.500532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.222962, "energy": 55.318425, "activity_lines": [ 39.177543, 39.142979, 38.091827, 36.116199 ] }, { "date": "2023-10-27", "close": 36.31451, "volume": 37889, "typical_volume": 73199.8, "trend": 33.804728, "fair_value": 29.673346, "relative_strength": 15.500081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.899601, "energy": 33.320749, "activity_lines": [ 38.152671, 38.669911, 38.096771, 36.29532 ] }, { "date": "2023-11-03", "close": 37.13776, "volume": 23749, "typical_volume": 72537.4, "trend": 34.124916, "fair_value": 29.743244, "relative_strength": 13.742822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.320275, "energy": 24.960426, "activity_lines": [ 37.639117, 38.363076, 38.140751, 36.510355 ] }, { "date": "2023-11-10", "close": 37.851246, "volume": 31060, "typical_volume": 71523.6, "trend": 34.442734, "fair_value": 29.815094, "relative_strength": 15.655693, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.614921, "energy": 24.061897, "activity_lines": [ 37.516041, 38.216918, 38.209917, 36.750763 ] }, { "date": "2023-11-17", "close": 36.899929, "volume": 30975, "typical_volume": 72392.45, "trend": 34.734785, "fair_value": 29.878881, "relative_strength": 9.658076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.772235, "energy": 18.255346, "activity_lines": [ 37.215206, 37.899754, 38.146516, 36.909292 ] }, { "date": "2023-11-24", "close": 36.515747, "volume": 20751, "typical_volume": 53017.85, "trend": 35.003331, "fair_value": 29.939768, "relative_strength": 7.577663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.993182, "energy": 13.021036, "activity_lines": [ 36.954815, 37.556024, 38.007866, 37.024193 ] }, { "date": "2023-12-01", "close": 37.046288, "volume": 52734, "typical_volume": 50613.7, "trend": 35.282429, "fair_value": 30.013447, "relative_strength": 8.221794, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.433278, "energy": 12.706881, "activity_lines": [ 36.988964, 37.352352, 37.920498, 37.155996 ] }, { "date": "2023-12-08", "close": 36.27792, "volume": 14486, "typical_volume": 49348.85, "trend": 35.558501, "fair_value": 30.078488, "relative_strength": 3.465587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.182307, "energy": 13.26103, "activity_lines": [ 36.718206, 37.060282, 37.759404, 37.220221 ] }, { "date": "2023-12-15", "close": 36.93652, "volume": 20107, "typical_volume": 48899.65, "trend": 35.861282, "fair_value": 30.139889, "relative_strength": 4.447628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.428033, "energy": 13.015772, "activity_lines": [ 36.724304, 36.945222, 37.663795, 37.309126 ] }, { "date": "2023-12-22", "close": 37.229233, "volume": 18633, "typical_volume": 47899.3, "trend": 36.173821, "fair_value": 30.202073, "relative_strength": 5.792652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.902142, "energy": 9.007063, "activity_lines": [ 36.888955, 36.938017, 37.596037, 37.397381 ] }, { "date": "2023-12-29", "close": 36.790165, "volume": 8331, "typical_volume": 46826.0, "trend": 36.475045, "fair_value": 30.257294, "relative_strength": 5.20875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.694803, "energy": 8.038105, "activity_lines": [ 36.885296, 36.890951, 37.485044, 37.437145 ] }, { "date": "2024-01-05", "close": 37.43047, "volume": 25547, "typical_volume": 47534.0, "trend": 36.787823, "fair_value": 30.329505, "relative_strength": 8.857433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.546205, "energy": 7.598239, "activity_lines": [ 37.076778, 36.987412, 37.43955, 37.498785 ] }, { "date": "2024-01-12", "close": 38.546432, "volume": 159723, "typical_volume": 54544.35, "trend": 37.13413, "fair_value": 30.416295, "relative_strength": 11.379342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.582609, "energy": 18.307815, "activity_lines": [ 37.614635, 37.266486, 37.499359, 37.612244 ] }, { "date": "2024-01-19", "close": 38.400078, "volume": 106691, "typical_volume": 59063.4, "trend": 37.446188, "fair_value": 30.507388, "relative_strength": 12.037169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.252383, "energy": 21.970298, "activity_lines": [ 37.952473, 37.493337, 37.546628, 37.693918 ] }, { "date": "2024-01-26", "close": 37.650002, "volume": 175717, "typical_volume": 66493.5, "trend": 37.741811, "fair_value": 30.599351, "relative_strength": 5.82424, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.38842, "energy": 14.136468, "activity_lines": [ 37.942715, 37.573832, 37.520361, 37.707067 ] }, { "date": "2024-02-02", "close": 34.485062, "volume": 46105, "typical_volume": 64248.3, "trend": 37.66884, "fair_value": 30.668842, "relative_strength": -2.697875, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.743215, "energy": 31.258219, "activity_lines": [ 36.849926, 37.065246, 37.200436, 37.496954 ] }, { "date": "2024-02-09", "close": 32.600731, "volume": 186086, "typical_volume": 71180.25, "trend": 37.524493, "fair_value": 30.721668, "relative_strength": -8.666591, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.369072, "energy": 73.181623, "activity_lines": [ 35.2827, 36.250976, 36.722139, 37.16998 ] }, { "date": "2024-02-16", "close": 32.966625, "volume": 23003, "typical_volume": 71090.0, "trend": 37.394789, "fair_value": 30.778368, "relative_strength": -9.127601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.05413, "energy": 84.765321, "activity_lines": [ 34.159421, 35.584061, 36.313295, 36.875924 ] }, { "date": "2024-02-23", "close": 33.076389, "volume": 17692, "typical_volume": 61590.25, "trend": 37.266297, "fair_value": 30.840795, "relative_strength": -11.089009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.039668, "energy": 85.826118, "activity_lines": [ 33.444718, 34.997307, 35.945671, 36.597317 ] }, { "date": "2024-03-01", "close": 32.56414, "volume": 36053, "typical_volume": 54444.55, "trend": 37.120729, "fair_value": 30.897754, "relative_strength": -12.108436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.580994, "energy": 87.658284, "activity_lines": [ 32.914177, 34.387602, 35.561952, 36.293952 ] }, { "date": "2024-03-08", "close": 32.344612, "volume": 12810, "typical_volume": 52407.1, "trend": 36.940923, "fair_value": 30.943478, "relative_strength": -13.678788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.794803, "energy": 85.881045, "activity_lines": [ 32.649518, 33.822803, 35.190009, 35.985816 ] }, { "date": "2024-03-15", "close": 29.710207, "volume": 24392, "typical_volume": 51732.25, "trend": 36.690435, "fair_value": 30.98258, "relative_strength": -21.865576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.76873, "energy": 88.989555, "activity_lines": [ 31.64942, 32.859849, 34.595439, 35.519318 ] }, { "date": "2024-03-22", "close": 30.277336, "volume": 15994, "typical_volume": 51344.5, "trend": 36.405009, "fair_value": 31.014615, "relative_strength": -20.149731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.829615, "energy": 83.968032, "activity_lines": [ 31.031068, 32.140377, 34.08633, 35.105569 ] }, { "date": "2024-03-29", "close": 30.752991, "volume": 12600, "typical_volume": 50421.5, "trend": 36.164807, "fair_value": 31.053194, "relative_strength": -19.388119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.099307, "energy": 73.227309, "activity_lines": [ 30.750552, 31.657736, 33.65519, 34.740923 ] }, { "date": "2024-04-05", "close": 31.466478, "volume": 28600, "typical_volume": 50302.75, "trend": 35.904335, "fair_value": 31.092853, "relative_strength": -16.089575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.12307, "energy": 61.984953, "activity_lines": [ 30.862759, 31.443858, 33.325803, 34.437805 ] }, { "date": "2024-04-12", "close": 31.237795, "volume": 26342, "typical_volume": 50582.3, "trend": 35.648476, "fair_value": 31.120562, "relative_strength": -16.220795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.905581, "energy": 55.696998, "activity_lines": [ 30.971916, 31.300828, 33.00051, 34.136738 ] }, { "date": "2024-04-19", "close": 30.917641, "volume": 7983, "typical_volume": 48344.75, "trend": 35.35013, "fair_value": 31.148621, "relative_strength": -17.247088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.679534, "energy": 50.28339, "activity_lines": [ 31.048142, 31.15863, 32.669859, 33.831523 ] }, { "date": "2024-04-26", "close": 30.871906, "volume": 13273, "typical_volume": 48284.1, "trend": 35.064944, "fair_value": 31.177043, "relative_strength": -18.04812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.013098, "energy": 47.383904, "activity_lines": [ 31.028628, 31.038718, 32.364037, 33.542605 ] }, { "date": "2024-05-03", "close": 30.871906, "volume": 4305, "typical_volume": 47494.0, "trend": 34.762626, "fair_value": 31.203499, "relative_strength": -16.709947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.63197, "energy": 45.685818, "activity_lines": [ 30.969476, 30.956892, 32.083958, 33.272087 ] }, { "date": "2024-05-10", "close": 31.375004, "volume": 11438, "typical_volume": 47134.25, "trend": 34.49421, "fair_value": 31.234272, "relative_strength": -18.060585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.323808, "energy": 43.246436, "activity_lines": [ 31.070096, 31.00662, 31.880671, 33.05353 ] }, { "date": "2024-05-17", "close": 31.192057, "volume": 12380, "typical_volume": 47336.7, "trend": 34.257906, "fair_value": 31.261688, "relative_strength": -18.057595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.400858, "energy": 38.789362, "activity_lines": [ 31.115831, 31.044705, 31.687839, 32.840488 ] }, { "date": "2024-05-24", "close": 31.100586, "volume": 9850, "typical_volume": 46551.85, "trend": 34.084109, "fair_value": 31.285242, "relative_strength": -17.578256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.354166, "energy": 34.670604, "activity_lines": [ 31.134126, 31.087115, 31.512952, 32.63679 ] }, { "date": "2024-05-31", "close": 32.884296, "volume": 10431, "typical_volume": 39087.25, "trend": 33.942326, "fair_value": 31.320453, "relative_strength": -11.845925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.516109, "energy": 17.267189, "activity_lines": [ 31.734794, 31.428556, 31.538085, 32.559383 ] }, { "date": "2024-06-07", "close": 33.549587, "volume": 16717, "typical_volume": 34588.55, "trend": 33.798938, "fair_value": 31.358364, "relative_strength": -10.27537, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.829838, "energy": 13.752418, "activity_lines": [ 32.423066, 31.84356, 31.653542, 32.534045 ] }, { "date": "2024-06-14", "close": 32.97934, "volume": 16806, "typical_volume": 26643.0, "trend": 33.668251, "fair_value": 31.389935, "relative_strength": -6.165998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.63137, "energy": 17.951795, "activity_lines": [ 32.742744, 32.104035, 31.737787, 32.481168 ] }, { "date": "2024-06-21", "close": 30.84091, "volume": 23832, "typical_volume": 25529.35, "trend": 33.47909, "fair_value": 31.412942, "relative_strength": -13.687776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.948277, "energy": 20.164081, "activity_lines": [ 32.242657, 31.948198, 31.640613, 32.298759 ] }, { "date": "2024-06-28", "close": 29.795456, "volume": 21576, "typical_volume": 17303.85, "trend": 33.237396, "fair_value": 31.429248, "relative_strength": -14.983472, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.301456, "energy": 23.779682, "activity_lines": [ 31.417494, 31.609495, 31.461226, 32.061105 ] }, { "date": "2024-07-05", "close": 31.60124, "volume": 10706, "typical_volume": 16689.0, "trend": 33.081507, "fair_value": 31.458248, "relative_strength": -11.75954, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.641936, "energy": 23.775726, "activity_lines": [ 31.281268, 31.61952, 31.467176, 31.955546 ] }, { "date": "2024-07-12", "close": 31.173553, "volume": 10276, "typical_volume": 16318.2, "trend": 32.889408, "fair_value": 31.487638, "relative_strength": -13.154594, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.851096, "energy": 28.062823, "activity_lines": [ 31.088017, 31.538523, 31.438896, 31.832452 ] }, { "date": "2024-07-19", "close": 30.983469, "volume": 2746, "typical_volume": 14652.85, "trend": 32.681215, "fair_value": 31.501271, "relative_strength": -11.19867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.563501, "energy": 26.008726, "activity_lines": [ 30.989807, 31.41748, 31.401573, 31.709489 ] }, { "date": "2024-07-26", "close": 30.79339, "volume": 5836, "typical_volume": 14304.15, "trend": 32.481323, "fair_value": 31.502948, "relative_strength": -11.234813, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.885585, "energy": 24.899468, "activity_lines": [ 30.961295, 31.268997, 31.353676, 31.587694 ] }, { "date": "2024-08-02", "close": 30.365704, "volume": 15218, "typical_volume": 13845.45, "trend": 32.245831, "fair_value": 31.503002, "relative_strength": -8.93149, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.926514, "energy": 27.504375, "activity_lines": [ 30.793389, 31.05, 31.272432, 31.451202 ] }, { "date": "2024-08-09", "close": 29.035124, "volume": 6615, "typical_volume": 13376.5, "trend": 31.928787, "fair_value": 31.494975, "relative_strength": -12.717646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.729695, "energy": 40.701439, "activity_lines": [ 30.14394, 30.602442, 31.061346, 31.24406 ] }, { "date": "2024-08-16", "close": 30.88843, "volume": 3012, "typical_volume": 12897.1, "trend": 31.678399, "fair_value": 31.500393, "relative_strength": -8.988328, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.642928, "energy": 31.28684, "activity_lines": [ 30.283334, 30.561834, 31.03268, 31.17694 ] }, { "date": "2024-08-23", "close": 30.935949, "volume": 2003, "typical_volume": 11567.25, "trend": 31.454597, "fair_value": 31.514168, "relative_strength": -9.889711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.031673, "energy": 26.725232, "activity_lines": [ 30.457576, 30.578249, 31.007895, 31.12904 ] }, { "date": "2024-08-30", "close": 31.316116, "volume": 2829, "typical_volume": 10391.6, "trend": 31.348966, "fair_value": 31.527025, "relative_strength": -9.002579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.96257, "energy": 16.426462, "activity_lines": [ 30.761708, 30.700939, 31.021842, 31.120106 ] }, { "date": "2024-09-06", "close": 30.555786, "volume": 3623, "typical_volume": 10173.6, "trend": 31.280801, "fair_value": 31.538811, "relative_strength": -7.345508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.872428, "energy": 14.81992, "activity_lines": [ 30.777548, 30.676747, 30.963004, 31.068933 ] }, { "date": "2024-09-13", "close": 30.603306, "volume": 2849, "typical_volume": 9652.4, "trend": 31.202023, "fair_value": 31.54598, "relative_strength": -8.143018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.891808, "energy": 14.158885, "activity_lines": [ 30.796557, 30.647371, 30.910415, 31.025223 ] }, { "date": "2024-09-20", "close": 29.177687, "volume": 13113, "typical_volume": 10092.8, "trend": 31.072067, "fair_value": 31.55251, "relative_strength": -12.203339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.317147, "energy": 27.942292, "activity_lines": [ 30.235813, 30.376935, 30.723332, 30.894621 ] }, { "date": "2024-09-27", "close": 30.365704, "volume": 8944, "typical_volume": 9968.1, "trend": 30.998786, "fair_value": 31.561512, "relative_strength": -11.421067, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.594373, "energy": 33.547244, "activity_lines": [ 30.185125, 30.358791, 30.657461, 30.849049 ] }, { "date": "2024-10-04", "close": 30.270662, "volume": 4462, "typical_volume": 9572.2, "trend": 30.929654, "fair_value": 31.574154, "relative_strength": -8.105942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.12486, "energy": 36.232148, "activity_lines": [ 30.140772, 30.334599, 30.587345, 30.802073 ] }, { "date": "2024-10-11", "close": 30.650827, "volume": 1787, "typical_volume": 9169.05, "trend": 30.961008, "fair_value": 31.588785, "relative_strength": -6.749739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.072206, "energy": 31.536436, "activity_lines": [ 30.292838, 30.389031, 30.557822, 30.784085 ] }, { "date": "2024-10-18", "close": 30.270662, "volume": 5221, "typical_volume": 8908.55, "trend": 30.960785, "fair_value": 31.596059, "relative_strength": -7.660231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.862387, "energy": 19.95091, "activity_lines": [ 30.311847, 30.369159, 30.494235, 30.739546 ] }, { "date": "2024-10-25", "close": 30.88843, "volume": 802, "typical_volume": 8112.8, "trend": 30.9653, "fair_value": 31.606845, "relative_strength": -3.798133, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.747586, "energy": 12.206852, "activity_lines": [ 30.558954, 30.439144, 30.501929, 30.734878 ] }, { "date": "2024-11-01", "close": 30.983469, "volume": 2561, "typical_volume": 7400.55, "trend": 30.9492, "fair_value": 31.621596, "relative_strength": -1.871041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.690283, "energy": 11.843982, "activity_lines": [ 30.723691, 30.526409, 30.531346, 30.73605 ] }, { "date": "2024-11-08", "close": 30.413223, "volume": 3263, "typical_volume": 6372.1, "trend": 30.921714, "fair_value": 31.632468, "relative_strength": -2.210411, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.133932, "energy": 13.232315, "activity_lines": [ 30.657162, 30.509129, 30.515959, 30.701471 ] }, { "date": "2024-11-15", "close": 29.462811, "volume": 6558, "typical_volume": 5621.2, "trend": 30.87322, "fair_value": 31.643287, "relative_strength": -3.909629, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.061645, "energy": 23.3703, "activity_lines": [ 30.264325, 30.335462, 30.412092, 30.607348 ] }, { "date": "2024-11-22", "close": 26.706612, "volume": 9763, "typical_volume": 5574.05, "trend": 30.734377, "fair_value": 31.643371, "relative_strength": -12.192345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.780683, "energy": 67.748191, "activity_lines": [ 29.031956, 29.680541, 30.047314, 30.338535 ] }, { "date": "2024-11-29", "close": 25.756199, "volume": 10640, "typical_volume": 5592.25, "trend": 30.563853, "fair_value": 31.647876, "relative_strength": -14.502607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.664463, "energy": 83.118149, "activity_lines": [ 27.720386, 28.923667, 29.615329, 30.017362 ] }, { "date": "2024-12-06", "close": 25.233471, "volume": 6468, "typical_volume": 5778.35, "trend": 30.359135, "fair_value": 31.651938, "relative_strength": -17.861009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.240658, "energy": 89.450048, "activity_lines": [ 26.576722, 28.13396, 29.159357, 29.673467 ] }, { "date": "2024-12-13", "close": 25.423553, "volume": 22852, "typical_volume": 6629.15, "trend": 30.166852, "fair_value": 31.657442, "relative_strength": -16.49341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.688445, "energy": 89.553963, "activity_lines": [ 25.879752, 27.472126, 28.748869, 29.355042 ] }, { "date": "2024-12-20", "close": 25.185951, "volume": 7387, "typical_volume": 6237.6, "trend": 29.969697, "fair_value": 31.662317, "relative_strength": -15.159226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.280842, "energy": 89.584724, "activity_lines": [ 25.436226, 26.855222, 28.341323, 29.033694 ] }, { "date": "2024-12-27", "close": 25.376034, "volume": 5026, "typical_volume": 6158.15, "trend": 29.719422, "fair_value": 31.665056, "relative_strength": -14.886521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.425967, "energy": 85.666566, "activity_lines": [ 25.341185, 26.372239, 27.976545, 28.737328 ] }, { "date": "2025-01-03", "close": 24.568182, "volume": 4778, "typical_volume": 6246.45, "trend": 29.420042, "fair_value": 31.656578, "relative_strength": -16.103528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.482237, "energy": 77.443286, "activity_lines": [ 25.065565, 25.831368, 27.552253, 28.40499 ] }, { "date": "2025-01-10", "close": 25.376034, "volume": 19674, "typical_volume": 7130.0, "trend": 29.166598, "fair_value": 31.659093, "relative_strength": -14.364136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.327157, "energy": 59.770223, "activity_lines": [ 25.13843, 25.552292, 27.234996, 28.144086 ] }, { "date": "2025-01-17", "close": 23.997934, "volume": 26512, "typical_volume": 8314.15, "trend": 28.938499, "fair_value": 31.638459, "relative_strength": -21.145159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.424783, "energy": 61.563745, "activity_lines": [ 24.742425, 25.124606, 26.812968, 27.810624 ] }, { "date": "2025-01-24", "close": 24.188017, "volume": 12138, "typical_volume": 8739.9, "trend": 28.751584, "fair_value": 31.624635, "relative_strength": -21.990096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.502078, "energy": 56.902404, "activity_lines": [ 24.504821, 24.848122, 26.443891, 27.504141 ] }, { "date": "2025-01-31", "close": 25.13843, "volume": 8252, "typical_volume": 9010.05, "trend": 28.536157, "fair_value": 31.607734, "relative_strength": -18.602476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.567373, "energy": 48.541504, "activity_lines": [ 24.650551, 24.840346, 26.195652, 27.271035 ] }, { "date": "2025-02-07", "close": 24.473141, "volume": 7273, "typical_volume": 8718.05, "trend": 28.31281, "fair_value": 31.577844, "relative_strength": -20.514263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.825229, "energy": 47.831239, "activity_lines": [ 24.590359, 24.740121, 25.910075, 27.008905 ] }, { "date": "2025-02-14", "close": 23.855371, "volume": 6778, "typical_volume": 8609.75, "trend": 28.075207, "fair_value": 31.549586, "relative_strength": -23.965149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.905774, "energy": 47.96036, "activity_lines": [ 24.330578, 24.550902, 25.588066, 26.721328 ] }, { "date": "2025-02-21", "close": 23.950415, "volume": 8835, "typical_volume": 8828.4, "trend": 27.847108, "fair_value": 31.516345, "relative_strength": -22.96816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.884866, "energy": 48.364641, "activity_lines": [ 24.203857, 24.40402, 25.30611, 26.455212 ] }, { "date": "2025-02-28", "close": 23.76033, "volume": 5322, "typical_volume": 9005.15, "trend": 27.626929, "fair_value": 31.491951, "relative_strength": -22.717502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.257258, "energy": 51.485123, "activity_lines": [ 24.016942, 24.249362, 25.036147, 26.191549 ] }, { "date": "2025-03-07", "close": 22.809917, "volume": 18238, "typical_volume": 9656.0, "trend": 27.419422, "fair_value": 31.454531, "relative_strength": -25.430937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.59881, "energy": 66.339444, "activity_lines": [ 23.541736, 23.947821, 24.708481, 25.880774 ] }, { "date": "2025-03-14", "close": 23.047522, "volume": 9928, "typical_volume": 10112.3, "trend": 27.158058, "fair_value": 31.4287, "relative_strength": -23.485769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.12579, "energy": 60.42752, "activity_lines": [ 23.300965, 23.736139, 24.438971, 25.598716 ] }, { "date": "2025-03-21", "close": 22.762398, "volume": 70284, "typical_volume": 13498.45, "trend": 26.885606, "fair_value": 31.400593, "relative_strength": -24.226837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.031426, "energy": 56.803145, "activity_lines": [ 23.060194, 23.500263, 24.179644, 25.315125 ] }, { "date": "2025-03-28", "close": 23.665289, "volume": 6026, "typical_volume": 13636.6, "trend": 26.630579, "fair_value": 31.37984, "relative_strength": -19.644958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.132633, "energy": 48.09549, "activity_lines": [ 23.193251, 23.476071, 24.045455, 25.107363 ] }, { "date": "2025-04-04", "close": 22.762398, "volume": 10117, "typical_volume": 13814.55, "trend": 26.370799, "fair_value": 31.357549, "relative_strength": -15.561272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.393352, "energy": 46.627476, "activity_lines": [ 23.044353, 23.293765, 23.857409, 24.857803 ] }, { "date": "2025-04-11", "close": 22.334711, "volume": 9704, "typical_volume": 13811.6, "trend": 26.095179, "fair_value": 31.326253, "relative_strength": -14.829516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.317403, "energy": 47.082091, "activity_lines": [ 22.819422, 23.059617, 23.660538, 24.59741 ] }, { "date": "2025-04-18", "close": 23.095041, "volume": 2719, "typical_volume": 13415.55, "trend": 25.892425, "fair_value": 31.294239, "relative_strength": -13.811525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.278763, "energy": 41.169477, "activity_lines": [ 22.879615, 23.014689, 23.556897, 24.403853 ] }, { "date": "2025-04-25", "close": 23.380165, "volume": 3201, "typical_volume": 13252.2, "trend": 25.659573, "fair_value": 31.258238, "relative_strength": -15.330181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.415778, "energy": 39.682138, "activity_lines": [ 23.03168, 23.046657, 23.493084, 24.241771 ] }, { "date": "2025-05-02", "close": 23.047522, "volume": 10960, "typical_volume": 12657.6, "trend": 25.418802, "fair_value": 31.218315, "relative_strength": -18.660667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.75731, "energy": 31.29715, "activity_lines": [ 23.031681, 23.026785, 23.406415, 24.073252 ] }, { "date": "2025-05-09", "close": 23.475208, "volume": 7937, "typical_volume": 12685.1, "trend": 25.179615, "fair_value": 31.187844, "relative_strength": -16.519342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.608102, "energy": 21.923263, "activity_lines": [ 23.215428, 23.10109, 23.371793, 23.947859 ] }, { "date": "2025-05-16", "close": 23.522728, "volume": 2945, "typical_volume": 12581.05, "trend": 24.954684, "fair_value": 31.153203, "relative_strength": -17.500996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.125713, "energy": 16.896662, "activity_lines": [ 23.367494, 23.189219, 23.349843, 23.840963 ] }, { "date": "2025-05-23", "close": 22.809917, "volume": 14054, "typical_volume": 13044.85, "trend": 24.6854, "fair_value": 31.108626, "relative_strength": -18.036538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.389793, "energy": 21.15468, "activity_lines": [ 23.202755, 23.134786, 23.268832, 23.702591 ] }, { "date": "2025-05-30", "close": 22.952478, "volume": 19803, "typical_volume": 13051.3, "trend": 24.4177, "fair_value": 31.063723, "relative_strength": -17.19997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.972849, "energy": 22.814838, "activity_lines": [ 23.104545, 23.110594, 23.20977, 23.590789 ] }, { "date": "2025-06-06", "close": 23.0, "volume": 8468, "typical_volume": 12149.1, "trend": 24.170593, "fair_value": 31.022555, "relative_strength": -17.035886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.259701, "energy": 24.887499, "activity_lines": [ 23.050688, 23.091585, 23.166775, 23.499325 ] }, { "date": "2025-06-13", "close": 23.25, "volume": 3687, "typical_volume": 11726.55, "trend": 23.963499, "fair_value": 30.985732, "relative_strength": -14.185995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.908435, "energy": 24.961877, "activity_lines": [ 23.083333, 23.130128, 23.152342, 23.439932 ] }, { "date": "2025-06-20", "close": 22.75, "volume": 4182, "typical_volume": 11523.05, "trend": 23.831612, "fair_value": 30.947076, "relative_strength": -14.49266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.704313, "energy": 26.511702, "activity_lines": [ 22.964325, 23.068896, 23.094756, 23.361642 ] }, { "date": "2025-06-27", "close": 22.85, "volume": 9477, "typical_volume": 11633.25, "trend": 23.734739, "fair_value": 30.904718, "relative_strength": -14.780979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.024104, "energy": 25.270473, "activity_lines": [ 22.930165, 23.018295, 23.058068, 23.298312 ] }, { "date": "2025-07-04", "close": 22.6, "volume": 2518, "typical_volume": 11420.25, "trend": 23.646956, "fair_value": 30.841325, "relative_strength": -15.212849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.740645, "energy": 30.36374, "activity_lines": [ 22.81, 22.926694, 23.005299, 23.225103 ] }, { "date": "2025-07-11", "close": 22.4, "volume": 6809, "typical_volume": 11318.95, "trend": 23.546171, "fair_value": 30.779621, "relative_strength": -16.848591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.433327, "energy": 41.799658, "activity_lines": [ 22.646667, 22.812915, 22.939461, 23.144654 ] }, { "date": "2025-07-18", "close": 22.200001, "volume": 7467, "typical_volume": 11426.2, "trend": 23.446639, "fair_value": 30.71595, "relative_strength": -16.92963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.679252, "energy": 47.544618, "activity_lines": [ 22.456667, 22.674546, 22.861958, 23.057804 ] }, { "date": "2025-07-25", "close": 21.950001, "volume": 6899, "typical_volume": 10859.25, "trend": 23.332438, "fair_value": 30.647476, "relative_strength": -17.388002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.850949, "energy": 56.795519, "activity_lines": [ 22.253334, 22.513907, 22.768076, 22.961247 ] }, { "date": "2025-08-01", "close": 21.0, "volume": 17415, "typical_volume": 11233.6, "trend": 23.213499, "fair_value": 30.571998, "relative_strength": -17.283882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.485712, "energy": 74.56398, "activity_lines": [ 21.786667, 22.209136, 22.587812, 22.810767 ] }, { "date": "2025-08-08", "close": 21.25, "volume": 16616, "typical_volume": 8550.2, "trend": 23.075964, "fair_value": 30.492406, "relative_strength": -17.840147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.749473, "energy": 77.735316, "activity_lines": [ 21.526667, 21.982728, 22.441108, 22.68409 ] }, { "date": "2025-08-15", "close": 21.15, "volume": 9565, "typical_volume": 8727.15, "trend": 22.981033, "fair_value": 30.411946, "relative_strength": -19.40378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.191451, "energy": 77.710527, "activity_lines": [ 21.323334, 21.769091, 22.292082, 22.559834 ] }, { "date": "2025-08-22", "close": 22.6, "volume": 30560, "typical_volume": 9749.3, "trend": 22.928099, "fair_value": 30.34238, "relative_strength": -13.753402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.239779, "energy": 52.1562, "activity_lines": [ 21.686667, 21.852727, 22.293129, 22.535251 ] }, { "date": "2025-08-29", "close": 21.1, "volume": 9637, "typical_volume": 9745.95, "trend": 22.793485, "fair_value": 30.267314, "relative_strength": -16.029283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.457152, "energy": 44.896056, "activity_lines": [ 21.523333, 21.675455, 22.152092, 22.417309 ] }, { "date": "2025-09-05", "close": 22.950001, "volume": 22506, "typical_volume": 10735.3, "trend": 22.742714, "fair_value": 30.207765, "relative_strength": -7.685946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.314094, "energy": 14.247286, "activity_lines": [ 22.033334, 21.864546, 22.193125, 22.427407 ] }, { "date": "2025-09-12", "close": 24.35, "volume": 16988, "typical_volume": 11424.65, "trend": 22.759201, "fair_value": 30.160619, "relative_strength": -3.371237, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.620194, "energy": 26.210049, "activity_lines": [ 22.88, 22.306364, 22.368182, 22.531103 ] }, { "date": "2025-09-19", "close": 29.200001, "volume": 57750, "typical_volume": 13764.15, "trend": 22.934188, "fair_value": 30.147078, "relative_strength": 15.575707, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.507396, "energy": 84.197428, "activity_lines": [ 25.136667, 23.598182, 23.000526, 22.946639 ] }, { "date": "2025-09-26", "close": 29.15, "volume": 22036, "typical_volume": 14469.1, "trend": 23.113843, "fair_value": 30.131616, "relative_strength": 15.260609, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.521147, "energy": 96.095793, "activity_lines": [ 26.84, 24.757273, 23.59881, 23.347659 ] }, { "date": "2025-10-03", "close": 26.6, "volume": 13267, "typical_volume": 14985.2, "trend": 23.240179, "fair_value": 30.088148, "relative_strength": 2.878377, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.074025, "energy": 86.235697, "activity_lines": [ 27.256667, 25.326364, 23.927214, 23.572572 ] }, { "date": "2025-10-10", "close": 27.700001, "volume": 10175, "typical_volume": 14791.25, "trend": 23.395262, "fair_value": 30.044417, "relative_strength": 9.705807, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.094475, "energy": 86.80955, "activity_lines": [ 27.673334, 26.010909, 24.345726, 23.860302 ] }, { "date": "2025-10-17", "close": 27.5, "volume": 5396, "typical_volume": 14070.9, "trend": 23.553182, "fair_value": 30.012205, "relative_strength": 5.89083, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.400889, "energy": 77.280585, "activity_lines": [ 27.706667, 26.537273, 24.721905, 24.125124 ] }, { "date": "2025-10-24", "close": 28.0, "volume": 7876, "typical_volume": 14041.3, "trend": 23.697672, "fair_value": 29.986171, "relative_strength": 7.608256, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.170935, "energy": 57.053281, "activity_lines": [ 27.696667, 27.040909, 25.124048, 24.412016 ] }, { "date": "2025-10-31", "close": 28.1, "volume": 6503, "typical_volume": 14182.1, "trend": 23.875592, "fair_value": 29.962606, "relative_strength": 9.864999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.806708, "energy": 55.609486, "activity_lines": [ 27.8, 27.438182, 25.511905, 24.696037 ] }, { "date": "2025-11-07", "close": 27.0, "volume": 6763, "typical_volume": 14311.15, "trend": 24.031102, "fair_value": 29.936106, "relative_strength": 8.328178, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.427368, "energy": 47.353356, "activity_lines": [ 27.606667, 27.535455, 25.771905, 24.897612 ] }, { "date": "2025-11-14", "close": 25.950001, "volume": 3447, "typical_volume": 14009.65, "trend": 24.126267, "fair_value": 29.898988, "relative_strength": 1.860752, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.422236, "energy": 35.078866, "activity_lines": [ 27.036667, 27.334546, 25.911667, 25.021411 ] }, { "date": "2025-11-21", "close": 26.6, "volume": 4344, "typical_volume": 14100.95, "trend": 24.233595, "fair_value": 29.860092, "relative_strength": 7.094308, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.770763, "energy": 27.952282, "activity_lines": [ 26.8, 27.197273, 26.098572, 25.181007 ] }, { "date": "2025-11-28", "close": 28.5, "volume": 3657, "typical_volume": 13943.35, "trend": 24.415345, "fair_value": 29.837035, "relative_strength": 12.801072, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.217863, "energy": 32.475678, "activity_lines": [ 27.256667, 27.364546, 26.447381, 25.456259 ] }, { "date": "2025-12-05", "close": 30.75, "volume": 10915, "typical_volume": 14115.75, "trend": 24.657838, "fair_value": 29.824971, "relative_strength": 21.531554, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.603987, "energy": 48.992625, "activity_lines": [ 28.43, 27.953637, 26.981429, 25.864946 ] }, { "date": "2025-12-12", "close": 29.15, "volume": 4654, "typical_volume": 14003.5, "trend": 24.845413, "fair_value": 29.803107, "relative_strength": 15.73687, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.496218, "energy": 51.169281, "activity_lines": [ 28.893333, 28.222727, 27.322381, 26.154763 ] }, { "date": "2025-12-19", "close": 30.299999, "volume": 8811, "typical_volume": 13573.3, "trend": 25.095083, "fair_value": 29.780157, "relative_strength": 18.89467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.12795, "energy": 76.756156, "activity_lines": [ 29.596666, 28.654545, 27.738572, 26.506672 ] }, { "date": "2025-12-26", "close": 30.4, "volume": 3555, "typical_volume": 12920.25, "trend": 25.343334, "fair_value": 29.743217, "relative_strength": 19.768631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.560355, "energy": 81.091015, "activity_lines": [ 30.043333, 29.057273, 28.12, 26.848925 ] }, { "date": "2026-01-02", "close": 30.1, "volume": 1989, "typical_volume": 12541.45, "trend": 25.58, "fair_value": 29.709384, "relative_strength": 17.045818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.099927, "energy": 76.808217, "activity_lines": [ 30.136666, 29.352727, 28.429286, 27.155807 ] }, { "date": "2026-01-09", "close": 30.049999, "volume": 7239, "typical_volume": 11375.4, "trend": 25.806667, "fair_value": 29.675001, "relative_strength": 14.394117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.04937, "energy": 70.332082, "activity_lines": [ 30.106666, 29.600909, 28.69119, 27.444194 ] }, { "date": "2026-01-16", "close": 30.6, "volume": 2288, "typical_volume": 11007.95, "trend": 26.068333, "fair_value": 29.669062, "relative_strength": 17.516549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.585552, "energy": 54.843901, "activity_lines": [ 30.306666, 29.913636, 28.97, 27.753441 ] }, { "date": "2026-01-23", "close": 30.35, "volume": 7618, "typical_volume": 10263.55, "trend": 26.318333, "fair_value": 29.66495, "relative_strength": 17.729826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.174025, "energy": 49.565066, "activity_lines": [ 30.326666, 30.115454, 29.179762, 28.029677 ] }, { "date": "2026-01-30", "close": 29.9, "volume": 7782, "typical_volume": 9803.25, "trend": 26.561667, "fair_value": 29.664583, "relative_strength": 15.855957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.343914, "energy": 43.271579, "activity_lines": [ 30.193333, 30.155454, 29.311428, 28.260753 ] }, { "date": "2026-02-06", "close": 29.5, "volume": 2083, "typical_volume": 7019.9, "trend": 26.798333, "fair_value": 29.657309, "relative_strength": 11.93473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.173076, "energy": 33.788108, "activity_lines": [ 29.96, 30.062727, 29.378571, 28.450323 ] }, { "date": "2026-02-13", "close": 29.85, "volume": 4830, "typical_volume": 6159.6, "trend": 27.053333, "fair_value": 29.65525, "relative_strength": 12.289057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.557048, "energy": 26.576594, "activity_lines": [ 29.883333, 30.015454, 29.477619, 28.647204 ] }, { "date": "2026-02-20", "close": 27.9, "volume": 11389, "typical_volume": 6065.7, "trend": 27.251667, "fair_value": 29.641834, "relative_strength": 2.23379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.787845, "energy": 14.818178, "activity_lines": [ 29.17, 29.63, 29.387619, 28.701828 ] }, { "date": "2026-02-27", "close": 27.4, "volume": 7280, "typical_volume": 5920.95, "trend": 27.465, "fair_value": 29.624298, "relative_strength": -0.519557, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.921453, "energy": 15.305925, "activity_lines": [ 28.47, 29.176364, 29.243809, 28.711398 ] }, { "date": "2026-03-06", "close": 27.0, "volume": 3744, "typical_volume": 5838.35, "trend": 27.656667, "fair_value": 29.605342, "relative_strength": 4.872577, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.310694, "energy": 27.805807, "activity_lines": [ 27.833333, 28.702727, 29.063333, 28.681398 ] }, { "date": "2026-03-13", "close": 26.0, "volume": 2799, "typical_volume": 5584.5, "trend": 27.818333, "fair_value": 29.58729, "relative_strength": 1.782071, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.454712, "energy": 60.57664, "activity_lines": [ 27.056667, 28.109091, 28.79, 28.574516 ] }, { "date": "2026-03-20", "close": 26.0, "volume": 3820, "typical_volume": 5450.35, "trend": 27.931667, "fair_value": 29.572897, "relative_strength": 4.696956, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.190599, "energy": 67.311747, "activity_lines": [ 26.513333, 27.59, 28.52619, 28.457204 ] }, { "date": "2026-03-27", "close": 26.0, "volume": 5619, "typical_volume": 5393.15, "trend": 28.095, "fair_value": 29.558046, "relative_strength": 3.964729, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.941035, "energy": 67.399398, "activity_lines": [ 26.226667, 27.144545, 28.272381, 28.332581 ] }, { "date": "2026-04-03", "close": 26.682926, "volume": 7137, "typical_volume": 5577.65, "trend": 28.219431, "fair_value": 29.552603, "relative_strength": 3.06996, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.060947, "energy": 53.987221, "activity_lines": [ 26.294309, 26.906896, 28.088374, 28.241479 ] }, { "date": "2026-04-10", "close": 25.634668, "volume": 13183, "typical_volume": 6019.6, "trend": 28.262253, "fair_value": 29.53541, "relative_strength": -4.519751, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.15522, "energy": 50.063818, "activity_lines": [ 26.060336, 26.545328, 27.801043, 28.07472 ] }, { "date": "2026-04-17", "close": 24.014635, "volume": 25711, "typical_volume": 7122.3, "trend": 28.089408, "fair_value": 29.508976, "relative_strength": -12.145122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.560361, "energy": 56.364815, "activity_lines": [ 25.377375, 25.966759, 27.364019, 27.80068 ] }, { "date": "2026-04-24", "close": 24.205227, "volume": 13870, "typical_volume": 7270.05, "trend": 27.924582, "fair_value": 29.481706, "relative_strength": -8.472876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.871608, "energy": 59.975155, "activity_lines": [ 24.890302, 25.522578, 26.966506, 27.550088 ] }, { "date": "2026-05-01", "close": 26.111149, "volume": 46811, "typical_volume": 9377.9, "trend": 27.908287, "fair_value": 29.465281, "relative_strength": -0.891043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.98009, "energy": 50.532001, "activity_lines": [ 25.158188, 25.527561, 26.781676, 27.433092 ] }, { "date": "2026-05-08", "close": 26.206446, "volume": 20745, "typical_volume": 9974.6, "trend": 27.858502, "fair_value": 29.453811, "relative_strength": -0.618549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.8719, "energy": 41.592019, "activity_lines": [ 25.45043, 25.582395, 26.620391, 27.323296 ] }, { "date": "2026-05-15", "close": 27.35, "volume": 17025, "typical_volume": 10648.1, "trend": 27.853502, "fair_value": 29.450586, "relative_strength": 5.520068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.003019, "energy": 22.477319, "activity_lines": [ 26.155621, 25.866848, 26.58751, 27.29049 ] }, { "date": "2026-05-22", "close": 25.920559, "volume": 17312, "typical_volume": 11414.25, "trend": 27.784187, "fair_value": 29.438198, "relative_strength": -2.147208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.327, "energy": 21.327095, "activity_lines": [ 26.269977, 25.88504, 26.433016, 27.165784 ] }, { "date": "2026-05-29", "close": 27.064112, "volume": 7850, "typical_volume": 11444.8, "trend": 27.749657, "fair_value": 29.43378, "relative_strength": 1.119616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.059279, "energy": 20.346434, "activity_lines": [ 26.638456, 26.112595, 26.407333, 27.119327 ] }, { "date": "2026-06-05", "close": 28.799999, "volume": 3521, "typical_volume": 11506.45, "trend": 27.809657, "fair_value": 29.438606, "relative_strength": 6.798339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 7.717915, "energy": 17.491602, "activity_lines": [ 27.394971, 26.636418, 26.561191, 27.187091 ] }, { "date": "2026-06-12", "close": 28.0, "volume": 1675, "typical_volume": 11209.3, "trend": 27.877991, "fair_value": 29.437598, "relative_strength": 1.986933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.275966, "energy": 15.733411, "activity_lines": [ 27.705563, 26.963877, 26.647431, 27.199371 ] }, { "date": "2026-06-19", "close": 27.700001, "volume": 828, "typical_volume": 10861.6, "trend": 27.914657, "fair_value": 29.429019, "relative_strength": -0.118194, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.882027, "energy": 18.459715, "activity_lines": [ 27.796586, 27.212845, 26.716289, 27.187888 ] }, { "date": "2026-06-26", "close": 28.200001, "volume": 994, "typical_volume": 10807.15, "trend": 27.904657, "fair_value": 29.425292, "relative_strength": 1.891094, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.154931, "energy": 33.096062, "activity_lines": [ 28.030941, 27.51517, 26.843243, 27.206297 ] }, { "date": "2026-07-03", "close": 27.5, "volume": 2276, "typical_volume": 10679.45, "trend": 27.796324, "fair_value": 29.366484, "relative_strength": -2.245352, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.490038, "energy": 26.709107, "activity_lines": [ 27.88, 27.614125, 26.909721, 27.18019 ] }, { "date": "2026-07-10", "close": 27.5, "volume": 11474, "typical_volume": 10683.7, "trend": 27.741324, "fair_value": 29.306027, "relative_strength": -0.515739, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -4.834454, "energy": 10.938308, "activity_lines": [ 27.7, 27.653174, 26.987389, 27.161073 ] }, { "date": "2026-07-17", "close": 26.799999, "volume": 12694, "typical_volume": 10954.4, "trend": 27.624657, "fair_value": 29.241555, "relative_strength": -3.257224, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.805263, "energy": 12.370641, "activity_lines": [ 27.373333, 27.539699, 27.000295, 27.100342 ] }, { "date": "2026-07-24", "close": 27.299999, "volume": 10625, "typical_volume": 11298.45, "trend": 27.521324, "fair_value": 29.179817, "relative_strength": -2.106446, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.491628, "energy": 15.07828, "activity_lines": [ 27.293333, 27.506341, 27.063677, 27.079396 ] }, { "date": "2026-07-31", "close": 27.4, "volume": 5995, "typical_volume": 11458.25, "trend": 27.431324, "fair_value": 29.118719, "relative_strength": -3.577082, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.155937, "energy": 7.358219, "activity_lines": [ 27.273333, 27.492075, 27.135154, 27.071569 ] }, { "date": "2026-08-07", "close": 27.200001, "volume": 6536, "typical_volume": 11594.05, "trend": 27.336324, "fair_value": 29.051163, "relative_strength": -6.737969, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.105732, "energy": 6.307725, "activity_lines": [ 27.24, 27.414545, 27.180918, 27.056645 ] } ], "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." } } }