{ "ticker": { "uuid": "529b9be8-bb54-4122-bb85-b662ef02a43f", "symbol": "4331", "name": "Aljazira Mawten REIT Fund", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 65.76, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 21.498, "architecture_energy": 26.16, "architecture_maturity": 7.484, "architecture_confidence": 59.949, "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": 46.23, "rotation_up": 56.77, "upward_expansion": 47.35, "deceleration": 21.56, "rotation_down": 18.11, "downward_expansion": 17.69 }, "activity_lines": [ 11.356, 11.263455, 11.184857, 11.192903 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 11.46, "trend_reference": 11.251333, "distance_from_trend": 0.018546, "trend_direction": "Weakening", "fair_value": 14.325019, "distance_from_fair_value": -0.200001, "fair_value_direction": "Improving", "relative_strength": -1.558221, "relative_strength_direction": "Improving", "price_momentum": -0.006932, "excess_performance": 0.024897, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.018546, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.026168, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.200001, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.045413, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.015582, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.075985, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.006932, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.954055, "read": "Supply-led" } ], "volume": { "latest": 77978, "relative_activity": 0.403626, "balance": 0.954055, "dry_up": 0.675399, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.037455, "annualized_volatility": 0.149394, "from_high_reference": -0.152974, "from_low_reference": 0.155242 }, "levels": { "trend_reference": 11.251333, "fair_value_reference": 14.325019, "structural_low": 9.92, "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": 14, "median_return": -0.045675, "positive_rate": 0.142857, "directional_follow_through": 0.142857, "median_excess_return": -0.026335, "regime_survival": 0.428571, "best_return": 0.063203, "worst_return": -0.09933, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.078866, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.088188, "regime_survival": 0.25, "best_return": -0.004332, "worst_return": -0.137277, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.108259, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.090327, "regime_survival": 0.2, "best_return": 0.171429, "worst_return": -0.151515, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.160966, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.105429, "regime_survival": 0.5, "best_return": 0.187834, "worst_return": -0.280884, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": -0.066964, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-24", "end": "2024-06-28", "tenure": "Developing", "return": -0.030193, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-09-06", "tenure": "Developing", "return": 0.045949, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-09-27", "tenure": "New", "return": 0.035047, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": -0.039053, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.001255, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-01-24", "tenure": "Developing", "return": 0.000194, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.046512, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-07-25", "tenure": "Established", "return": -0.065517, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": -0.048376, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-12", "end": "2025-10-24", "tenure": "Developing", "return": 0.039002, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.069616, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-07-17", "tenure": "Extended", "return": -0.081762, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.012367, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 19.702091, "volume": 876473, "typical_volume": 260681.8, "trend": 16.3414, "fair_value": 18.47256, "relative_strength": 18.574685, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.710649, "energy": 64.267556, "activity_lines": [ 19.435947, 18.93995, 17.784337, 17.040845 ] }, { "date": "2023-08-11", "close": 19.960842, "volume": 317367, "typical_volume": 276199.6, "trend": 16.446133, "fair_value": 18.520353, "relative_strength": 19.006436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.136356, "energy": 62.121467, "activity_lines": [ 19.624466, 19.232978, 18.086918, 17.274357 ] }, { "date": "2023-08-18", "close": 18.999765, "volume": 194819, "typical_volume": 285604.35, "trend": 16.542857, "fair_value": 18.561986, "relative_strength": 12.635956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.873931, "energy": 52.223112, "activity_lines": [ 19.43225, 19.295145, 18.270244, 17.439108 ] }, { "date": "2023-08-25", "close": 19.406376, "volume": 197415, "typical_volume": 295383.3, "trend": 16.669769, "fair_value": 18.606225, "relative_strength": 15.074969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.57294, "energy": 51.751155, "activity_lines": [ 19.422393, 19.383188, 18.469061, 17.623851 ] }, { "date": "2023-09-01", "close": 19.572716, "volume": 154382, "typical_volume": 302753.7, "trend": 16.81085, "fair_value": 18.65153, "relative_strength": 14.726859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.337933, "energy": 48.68591, "activity_lines": [ 19.474144, 19.446028, 18.662156, 17.811138 ] }, { "date": "2023-09-08", "close": 18.389851, "volume": 223615, "typical_volume": 313384.9, "trend": 16.892788, "fair_value": 18.689253, "relative_strength": 10.068724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.260377, "energy": 31.570497, "activity_lines": [ 19.094641, 19.265574, 18.721124, 17.913009 ] }, { "date": "2023-09-15", "close": 18.482264, "volume": 197192, "typical_volume": 323028.1, "trend": 16.98828, "fair_value": 18.727568, "relative_strength": 10.825723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.605553, "energy": 23.867187, "activity_lines": [ 18.833426, 19.111331, 18.773578, 18.015556 ] }, { "date": "2023-09-22", "close": 18.112617, "volume": 143184, "typical_volume": 329923.8, "trend": 17.0887, "fair_value": 18.763514, "relative_strength": 10.289819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.113289, "energy": 21.73514, "activity_lines": [ 18.547567, 18.900298, 18.774634, 18.088093 ] }, { "date": "2023-09-29", "close": 17.391808, "volume": 175047, "typical_volume": 338256.85, "trend": 17.176183, "fair_value": 18.794839, "relative_strength": 4.593694, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.860226, "energy": 20.393081, "activity_lines": [ 18.080581, 18.587107, 18.693664, 18.107649 ] }, { "date": "2023-10-06", "close": 16.523142, "volume": 544871, "typical_volume": 365027.4, "trend": 17.234094, "fair_value": 18.820596, "relative_strength": 1.851411, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.940395, "energy": 32.364696, "activity_lines": [ 17.458345, 18.154286, 18.520371, 18.065517 ] }, { "date": "2023-10-13", "close": 16.079567, "volume": 359608, "typical_volume": 382705.45, "trend": 17.28646, "fair_value": 18.843509, "relative_strength": 0.606317, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.209675, "energy": 62.513788, "activity_lines": [ 16.891555, 17.686181, 18.302984, 17.991032 ] }, { "date": "2023-10-20", "close": 15.894746, "volume": 141592, "typical_volume": 389372.05, "trend": 17.344987, "fair_value": 18.865238, "relative_strength": -1.34447, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.866035, "energy": 70.670026, "activity_lines": [ 16.417177, 17.250335, 18.071956, 17.901244 ] }, { "date": "2023-10-27", "close": 15.525099, "volume": 143700, "typical_volume": 395423.2, "trend": 17.391809, "fair_value": 18.884597, "relative_strength": -1.512926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.887781, "energy": 73.588741, "activity_lines": [ 15.992085, 16.821211, 17.810388, 17.783831 ] }, { "date": "2023-11-03", "close": 16.892788, "volume": 155251, "typical_volume": 402964.8, "trend": 17.458961, "fair_value": 18.912723, "relative_strength": 2.565351, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.248889, "energy": 62.086819, "activity_lines": [ 16.19539, 16.703932, 17.683036, 17.751637 ] }, { "date": "2023-11-10", "close": 16.190464, "volume": 169447, "typical_volume": 410221.65, "trend": 17.496542, "fair_value": 18.934627, "relative_strength": -1.637665, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.655762, "energy": 41.984314, "activity_lines": [ 16.197855, 16.50466, 17.486244, 17.669798 ] }, { "date": "2023-11-17", "close": 16.264391, "volume": 124677, "typical_volume": 370927.5, "trend": 17.53289, "fair_value": 18.957005, "relative_strength": -3.470874, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.363637, "energy": 36.829636, "activity_lines": [ 16.247141, 16.380325, 17.305206, 17.590304 ] }, { "date": "2023-11-24", "close": 16.429052, "volume": 275380, "typical_volume": 330316.45, "trend": 17.577808, "fair_value": 18.980438, "relative_strength": -2.475827, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -46.425231, "energy": 33.785386, "activity_lines": [ 16.338993, 16.324573, 17.152436, 17.519089 ] }, { "date": "2023-12-01", "close": 15.939194, "volume": 407330, "typical_volume": 293496.85, "trend": 17.599004, "fair_value": 19.000732, "relative_strength": -6.172924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.681717, "energy": 38.856974, "activity_lines": [ 16.231938, 16.217087, 16.965517, 17.413372 ] }, { "date": "2023-12-08", "close": 15.976876, "volume": 762254, "typical_volume": 299603.1, "trend": 17.618992, "fair_value": 19.021267, "relative_strength": -6.265948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.763282, "energy": 41.808018, "activity_lines": [ 16.109837, 16.155969, 16.800107, 17.308719 ] }, { "date": "2023-12-15", "close": 16.08992, "volume": 757353, "typical_volume": 316047.85, "trend": 17.617488, "fair_value": 19.042526, "relative_strength": -7.999787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.314256, "energy": 40.587605, "activity_lines": [ 16.086479, 16.14113, 16.662233, 17.210069 ] }, { "date": "2023-12-22", "close": 15.844992, "volume": 696028, "typical_volume": 307025.6, "trend": 17.581946, "fair_value": 19.062216, "relative_strength": -9.899209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.538217, "energy": 45.765709, "activity_lines": [ 15.988181, 16.089636, 16.514977, 17.095714 ] }, { "date": "2023-12-29", "close": 15.637745, "volume": 575493, "typical_volume": 319931.9, "trend": 17.540727, "fair_value": 19.080577, "relative_strength": -13.117009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.039985, "energy": 51.151098, "activity_lines": [ 15.84876, 16.004726, 16.36635, 16.970282 ] }, { "date": "2024-01-05", "close": 15.958036, "volume": 1242804, "typical_volume": 372331.15, "trend": 17.527435, "fair_value": 19.100991, "relative_strength": -12.607221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.155211, "energy": 47.242942, "activity_lines": [ 15.868857, 15.982723, 16.268814, 16.868173 ] }, { "date": "2024-01-12", "close": 15.562383, "volume": 896286, "typical_volume": 407274.7, "trend": 17.500954, "fair_value": 19.118869, "relative_strength": -14.224576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.557081, "energy": 55.446377, "activity_lines": [ 15.755813, 15.880912, 16.148081, 16.741395 ] }, { "date": "2024-01-19", "close": 15.373975, "volume": 574682, "typical_volume": 428289.7, "trend": 17.412746, "fair_value": 19.135539, "relative_strength": -13.915251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.167942, "energy": 57.025554, "activity_lines": [ 15.6076, 15.769033, 16.027709, 16.604171 ] }, { "date": "2024-01-26", "close": 15.505859, "volume": 343256, "typical_volume": 434271.75, "trend": 17.299363, "fair_value": 19.10638, "relative_strength": -14.418146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.077417, "energy": 49.930667, "activity_lines": [ 15.551077, 15.695979, 15.939891, 16.481146 ] }, { "date": "2024-02-02", "close": 18.237757, "volume": 10890442, "typical_volume": 968934.25, "trend": 17.272115, "fair_value": 19.094274, "relative_strength": 2.599275, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 5.086005, "energy": 7.801346, "activity_lines": [ 16.427797, 16.133425, 16.125987, 16.541687 ] }, { "date": "2024-02-09", "close": 17.710215, "volume": 1734864, "typical_volume": 1048518.25, "trend": 17.205719, "fair_value": 19.081081, "relative_strength": -2.677038, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 9.624536, "energy": 22.845182, "activity_lines": [ 16.955334, 16.442069, 16.263006, 16.569952 ] }, { "date": "2024-02-16", "close": 17.427607, "volume": 1321230, "typical_volume": 1105827.4, "trend": 17.13668, "fair_value": 19.06619, "relative_strength": -6.266117, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.571474, "energy": 33.364401, "activity_lines": [ 17.271857, 16.667129, 16.375025, 16.584267 ] }, { "date": "2024-02-23", "close": 17.936306, "volume": 1999698, "typical_volume": 1178568.75, "trend": 17.100615, "fair_value": 19.060868, "relative_strength": -4.658862, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.580042, "energy": 40.552356, "activity_lines": [ 17.633598, 16.958304, 16.535322, 16.635856 ] }, { "date": "2024-03-01", "close": 18.294277, "volume": 1632570, "typical_volume": 1242216.85, "trend": 17.053688, "fair_value": 19.051992, "relative_strength": -2.72173, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.735063, "energy": 60.804485, "activity_lines": [ 17.943841, 17.280993, 16.722982, 16.712867 ] }, { "date": "2024-03-08", "close": 17.465288, "volume": 977817, "typical_volume": 1284028.1, "trend": 16.970503, "fair_value": 19.036082, "relative_strength": -6.678294, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.714858, "energy": 40.048707, "activity_lines": [ 17.79186, 17.408424, 16.821144, 16.739421 ] }, { "date": "2024-03-15", "close": 17.898623, "volume": 628603, "typical_volume": 1308273.25, "trend": 16.933798, "fair_value": 19.022376, "relative_strength": -5.518669, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.662063, "energy": 33.088281, "activity_lines": [ 17.835821, 17.581415, 16.953098, 16.7993 ] }, { "date": "2024-03-22", "close": 18.746452, "volume": 5218944, "typical_volume": 1561457.9, "trend": 16.9118, "fair_value": 19.014907, "relative_strength": -1.923953, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.565385, "energy": 44.940795, "activity_lines": [ 18.149832, 17.873274, 17.154494, 16.916246 ] }, { "date": "2024-03-29", "close": 17.578333, "volume": 905733, "typical_volume": 1598272.2, "trend": 16.845321, "fair_value": 18.994676, "relative_strength": -6.118152, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.951951, "energy": 32.677054, "activity_lines": [ 17.986546, 17.894855, 17.235814, 16.959248 ] }, { "date": "2024-04-05", "close": 17.031954, "volume": 532920, "typical_volume": 1618684.35, "trend": 16.800058, "fair_value": 18.964634, "relative_strength": -9.96037, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.131548, "energy": 23.608419, "activity_lines": [ 17.664999, 17.777016, 17.25849, 16.971289 ] }, { "date": "2024-04-19", "close": 16.862387, "volume": 756349, "typical_volume": 1642732.8, "trend": 16.746062, "fair_value": 18.933162, "relative_strength": -9.370928, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.958914, "energy": 14.81153, "activity_lines": [ 17.371085, 17.600598, 17.261361, 16.97531 ] }, { "date": "2024-04-26", "close": 16.673983, "volume": 1023049, "typical_volume": 1673518.75, "trend": 16.698107, "fair_value": 18.898991, "relative_strength": -8.543762, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.374541, "energy": 16.781558, "activity_lines": [ 17.054563, 17.414933, 17.244225, 16.97066 ] }, { "date": "2024-05-03", "close": 16.881229, "volume": 328293, "typical_volume": 1651820.7, "trend": 16.681088, "fair_value": 18.875896, "relative_strength": -8.158751, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.955609, "energy": 17.551488, "activity_lines": [ 16.888765, 17.285789, 17.243328, 16.982474 ] }, { "date": "2024-05-10", "close": 16.485573, "volume": 500162, "typical_volume": 1638961.15, "trend": 16.679836, "fair_value": 18.84304, "relative_strength": -9.797052, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.407796, "energy": 13.924714, "activity_lines": [ 16.715431, 17.094642, 17.200443, 16.96986 ] }, { "date": "2024-05-17", "close": 15.750788, "volume": 504953, "typical_volume": 1629407.4, "trend": 16.668876, "fair_value": 18.79091, "relative_strength": -13.107052, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.092064, "energy": 36.836901, "activity_lines": [ 16.370018, 16.796274, 17.085694, 16.909921 ] }, { "date": "2024-05-24", "close": 15.600063, "volume": 186190, "typical_volume": 1609942.25, "trend": 16.659054, "fair_value": 18.736667, "relative_strength": -12.354789, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.333601, "energy": 49.313823, "activity_lines": [ 16.059775, 16.516747, 16.957039, 16.840966 ] }, { "date": "2024-05-31", "close": 15.204409, "volume": 313075, "typical_volume": 1563455.8, "trend": 16.648364, "fair_value": 18.667846, "relative_strength": -10.724943, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.767836, "energy": 59.617767, "activity_lines": [ 15.701802, 16.199196, 16.790883, 16.747118 ] }, { "date": "2024-06-07", "close": 15.110207, "volume": 297453, "typical_volume": 1533514.15, "trend": 16.588945, "fair_value": 18.586667, "relative_strength": -11.482899, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.213422, "energy": 66.742278, "activity_lines": [ 15.410401, 15.913503, 16.619343, 16.647882 ] }, { "date": "2024-06-14", "close": 15.147887, "volume": 409100, "typical_volume": 1525235.05, "trend": 16.554192, "fair_value": 18.51003, "relative_strength": -10.592685, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.064463, "energy": 66.734864, "activity_lines": [ 15.249627, 15.700775, 16.453545, 16.55491 ] }, { "date": "2024-06-28", "close": 15.129045, "volume": 170004, "typical_volume": 1516572.45, "trend": 16.516347, "fair_value": 18.431265, "relative_strength": -12.293723, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.357528, "energy": 74.464868, "activity_lines": [ 15.171752, 15.528811, 16.287029, 16.462965 ] }, { "date": "2024-07-05", "close": 15.581223, "volume": 1283589, "typical_volume": 1036229.8, "trend": 16.488086, "fair_value": 18.357692, "relative_strength": -8.850423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.520685, "energy": 65.15628, "activity_lines": [ 15.286052, 15.473659, 16.165373, 16.402635 ] }, { "date": "2024-07-12", "close": 15.336294, "volume": 443894, "typical_volume": 971681.3, "trend": 16.46799, "fair_value": 18.285703, "relative_strength": -10.892372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.736148, "energy": 52.035857, "activity_lines": [ 15.319965, 15.397269, 16.033039, 16.328326 ] }, { "date": "2024-07-19", "close": 16.05224, "volume": 596181, "typical_volume": 935428.85, "trend": 16.470502, "fair_value": 18.220883, "relative_strength": -9.372884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.62354, "energy": 33.180373, "activity_lines": [ 15.583735, 15.475372, 15.980196, 16.301503 ] }, { "date": "2024-07-26", "close": 15.788469, "volume": 428282, "typical_volume": 856858.05, "trend": 16.460453, "fair_value": 18.154947, "relative_strength": -9.21605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.091907, "energy": 24.370303, "activity_lines": [ 15.696779, 15.52059, 15.908781, 16.257501 ] }, { "date": "2024-08-02", "close": 15.110207, "volume": 548883, "typical_volume": 802673.7, "trend": 16.43596, "fair_value": 18.084088, "relative_strength": -12.788409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.159915, "energy": 32.943441, "activity_lines": [ 15.541029, 15.455161, 15.782997, 16.170388 ] }, { "date": "2024-08-09", "close": 14.563828, "volume": 716189, "typical_volume": 789592.3, "trend": 16.400163, "fair_value": 18.013455, "relative_strength": -12.79765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.121379, "energy": 44.412864, "activity_lines": [ 15.20441, 15.302039, 15.620339, 16.049605 ] }, { "date": "2024-08-16", "close": 15.260932, "volume": 318058, "typical_volume": 774065.05, "trend": 16.376926, "fair_value": 17.950444, "relative_strength": -9.979248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.979024, "energy": 41.68053, "activity_lines": [ 15.167985, 15.294502, 15.537889, 15.976107 ] }, { "date": "2024-08-23", "close": 15.543541, "volume": 607638, "typical_volume": 543499.75, "trend": 16.376298, "fair_value": 17.884657, "relative_strength": -9.837088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.773744, "energy": 40.117816, "activity_lines": [ 15.230787, 15.337322, 15.494915, 15.92234 ] }, { "date": "2024-08-30", "close": 15.373975, "volume": 455730, "typical_volume": 520999.6, "trend": 16.376298, "fair_value": 17.82065, "relative_strength": -9.977176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.053173, "energy": 34.821885, "activity_lines": [ 15.27098, 15.341433, 15.451043, 15.857674 ] }, { "date": "2024-09-06", "close": 16.297167, "volume": 1178564, "typical_volume": 553281.8, "trend": 16.402675, "fair_value": 17.766289, "relative_strength": -3.744483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.400489, "energy": 9.620783, "activity_lines": [ 15.646537, 15.509286, 15.505591, 15.852569 ] }, { "date": "2024-09-13", "close": 16.127602, "volume": 489944, "typical_volume": 539961.55, "trend": 16.332337, "fair_value": 17.716574, "relative_strength": -2.220492, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.964903, "energy": 13.5418, "activity_lines": [ 15.886441, 15.62507, 15.547489, 15.834822 ] }, { "date": "2024-09-20", "close": 16.127602, "volume": 684690, "typical_volume": 523043.6, "trend": 16.279583, "fair_value": 17.668006, "relative_strength": -3.741295, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.933432, "energy": 16.037791, "activity_lines": [ 16.022094, 15.73092, 15.592886, 15.821613 ] }, { "date": "2024-09-27", "close": 16.69282, "volume": 1712604, "typical_volume": 592259.15, "trend": 16.25509, "fair_value": 17.615034, "relative_strength": -2.316446, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.0312, "energy": 30.045022, "activity_lines": [ 16.288375, 15.92515, 15.694715, 15.848274 ] }, { "date": "2024-10-04", "close": 15.920354, "volume": 856368, "typical_volume": 610069.45, "trend": 16.187892, "fair_value": 17.55883, "relative_strength": -3.154406, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.27552, "energy": 26.233597, "activity_lines": [ 16.220548, 15.967285, 15.723873, 15.826678 ] }, { "date": "2024-10-11", "close": 15.298613, "volume": 820826, "typical_volume": 625863.1, "trend": 16.088036, "fair_value": 17.498927, "relative_strength": -6.833327, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -19.567335, "energy": 12.198292, "activity_lines": [ 15.90905, 15.893977, 15.696509, 15.769305 ] }, { "date": "2024-10-18", "close": 15.016003, "volume": 1016108, "typical_volume": 667359.0, "trend": 16.006393, "fair_value": 17.43922, "relative_strength": -7.532161, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.024649, "energy": 20.916655, "activity_lines": [ 15.569918, 15.765861, 15.644384, 15.700142 ] }, { "date": "2024-10-25", "close": 14.733393, "volume": 433958, "typical_volume": 673403.15, "trend": 15.900886, "fair_value": 17.379995, "relative_strength": -8.749878, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.462198, "energy": 35.927873, "activity_lines": [ 15.21069, 15.578139, 15.568124, 15.618012 ] }, { "date": "2024-11-01", "close": 14.997163, "volume": 372489, "typical_volume": 677154.95, "trend": 15.775909, "fair_value": 17.330774, "relative_strength": -7.848593, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.758466, "energy": 43.105572, "activity_lines": [ 15.032332, 15.447968, 15.519228, 15.559708 ] }, { "date": "2024-11-08", "close": 15.053683, "volume": 208152, "typical_volume": 667107.55, "trend": 15.691754, "fair_value": 17.284267, "relative_strength": -8.002825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.375868, "energy": 57.266844, "activity_lines": [ 14.985858, 15.338007, 15.476253, 15.513113 ] }, { "date": "2024-11-15", "close": 14.695712, "volume": 190743, "typical_volume": 668144.5, "trend": 15.61388, "fair_value": 17.237988, "relative_strength": -7.193145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.425584, "energy": 61.33426, "activity_lines": [ 14.877838, 15.168783, 15.399634, 15.448852 ] }, { "date": "2024-11-22", "close": 14.601508, "volume": 315383, "typical_volume": 619734.2, "trend": 15.538517, "fair_value": 17.193399, "relative_strength": -7.828748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.643987, "energy": 57.219807, "activity_lines": [ 14.77861, 15.011549, 15.316108, 15.383537 ] }, { "date": "2024-11-29", "close": 14.544986, "volume": 151168, "typical_volume": 605097.9, "trend": 15.467551, "fair_value": 17.148448, "relative_strength": -6.320551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.130609, "energy": 54.429536, "activity_lines": [ 14.688175, 14.871786, 15.231863, 15.319439 ] }, { "date": "2024-12-06", "close": 14.940639, "volume": 498783, "typical_volume": 600228.0, "trend": 15.402864, "fair_value": 17.113143, "relative_strength": -5.801864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.121061, "energy": 43.933861, "activity_lines": [ 14.742185, 14.832734, 15.189068, 15.285444 ] }, { "date": "2024-12-13", "close": 14.959968, "volume": 305781, "typical_volume": 594102.95, "trend": 15.352011, "fair_value": 17.082434, "relative_strength": -6.72978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.405688, "energy": 33.968979, "activity_lines": [ 14.806405, 14.829055, 15.153406, 15.25687 ] }, { "date": "2024-12-20", "close": 14.689375, "volume": 223387, "typical_volume": 577828.15, "trend": 15.31663, "fair_value": 17.054349, "relative_strength": -6.568638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.889849, "energy": 32.509058, "activity_lines": [ 14.786676, 14.793638, 15.09592, 15.21412 ] }, { "date": "2024-12-27", "close": 14.631391, "volume": 205011, "typical_volume": 552269.25, "trend": 15.284341, "fair_value": 17.031626, "relative_strength": -6.460755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.205941, "energy": 32.313243, "activity_lines": [ 14.748042, 14.758756, 15.034915, 15.169911 ] }, { "date": "2025-01-03", "close": 14.747359, "volume": 494740, "typical_volume": 561103.35, "trend": 15.269106, "fair_value": 16.997035, "relative_strength": -7.41748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.441665, "energy": 31.672967, "activity_lines": [ 14.746071, 14.751952, 14.984633, 15.135267 ] }, { "date": "2025-01-10", "close": 14.959968, "volume": 196139, "typical_volume": 540528.4, "trend": 15.264098, "fair_value": 16.954251, "relative_strength": -5.943796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.045788, "energy": 28.928745, "activity_lines": [ 14.801478, 14.78355, 14.957045, 15.115322 ] }, { "date": "2025-01-17", "close": 15.017953, "volume": 146119, "typical_volume": 525047.85, "trend": 15.259767, "fair_value": 16.917082, "relative_strength": -6.677963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.25173, "energy": 21.038109, "activity_lines": [ 14.874925, 14.826367, 14.937758, 15.099442 ] }, { "date": "2025-01-24", "close": 15.056609, "volume": 289911, "typical_volume": 480615.2, "trend": 15.257353, "fair_value": 16.880861, "relative_strength": -7.090426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.233499, "energy": 18.101248, "activity_lines": [ 14.957391, 14.876862, 14.923848, 15.086335 ] }, { "date": "2025-01-31", "close": 14.959968, "volume": 708243, "typical_volume": 491530.15, "trend": 15.236644, "fair_value": 16.845419, "relative_strength": -8.034995, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.133609, "energy": 17.429038, "activity_lines": [ 14.983162, 14.903224, 14.906642, 15.067149 ] }, { "date": "2025-02-07", "close": 14.959968, "volume": 200707, "typical_volume": 467331.0, "trend": 15.2241, "fair_value": 16.807879, "relative_strength": -8.07192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.05026, "energy": 12.676861, "activity_lines": [ 14.987028, 14.923069, 14.894995, 15.049299 ] }, { "date": "2025-02-14", "close": 14.53475, "volume": 420468, "typical_volume": 402724.2, "trend": 15.173517, "fair_value": 16.768312, "relative_strength": -9.861483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.10124, "energy": 24.236017, "activity_lines": [ 14.83498, 14.858056, 14.848412, 15.004825 ] }, { "date": "2025-02-21", "close": 14.650719, "volume": 117281, "typical_volume": 365769.85, "trend": 15.135592, "fair_value": 16.731704, "relative_strength": -8.803471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.174295, "energy": 33.271953, "activity_lines": [ 14.749936, 14.821509, 14.82315, 14.971096 ] }, { "date": "2025-02-28", "close": 14.264156, "volume": 143093, "typical_volume": 331883.2, "trend": 15.10739, "fair_value": 16.687955, "relative_strength": -8.889719, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.959462, "energy": 61.328621, "activity_lines": [ 14.560521, 14.7203, 14.767119, 14.914874 ] }, { "date": "2025-03-07", "close": 14.01289, "volume": 210708, "typical_volume": 291613.2, "trend": 15.089026, "fair_value": 16.643179, "relative_strength": -7.895644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.363712, "energy": 76.916749, "activity_lines": [ 14.34018, 14.581137, 14.692083, 14.844261 ] }, { "date": "2025-03-14", "close": 14.070875, "volume": 201326, "typical_volume": 279981.6, "trend": 15.049357, "fair_value": 16.602154, "relative_strength": -6.495532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.074737, "energy": 76.239489, "activity_lines": [ 14.202306, 14.463763, 14.627347, 14.778574 ] }, { "date": "2025-03-21", "close": 13.81961, "volume": 211840, "typical_volume": 271949.15, "trend": 14.991893, "fair_value": 16.565461, "relative_strength": -8.140353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.526669, "energy": 82.203731, "activity_lines": [ 14.03995, 14.313004, 14.541835, 14.699236 ] }, { "date": "2025-03-28", "close": 14.090202, "volume": 140903, "typical_volume": 268586.7, "trend": 14.9491, "fair_value": 16.521763, "relative_strength": -8.079623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.50811, "energy": 72.941836, "activity_lines": [ 14.015467, 14.232177, 14.487702, 14.641062 ] }, { "date": "2025-04-04", "close": 13.916249, "volume": 38966, "typical_volume": 260997.85, "trend": 14.869736, "fair_value": 16.46786, "relative_strength": -7.72367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.069784, "energy": 62.84003, "activity_lines": [ 13.970368, 14.13659, 14.421589, 14.574426 ] }, { "date": "2025-04-11", "close": 12.949843, "volume": 279390, "typical_volume": 259198.2, "trend": 14.763811, "fair_value": 16.412657, "relative_strength": -10.92561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.492312, "energy": 77.833398, "activity_lines": [ 13.626327, 13.886027, 14.26715, 14.450562 ] }, { "date": "2025-04-18", "close": 13.626328, "volume": 267229, "typical_volume": 265001.25, "trend": 14.680435, "fair_value": 16.36412, "relative_strength": -6.452433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.854406, "energy": 54.058047, "activity_lines": [ 13.578652, 13.79501, 14.185003, 14.377176 ] }, { "date": "2025-04-25", "close": 14.360796, "volume": 3067705, "typical_volume": 393447.35, "trend": 14.602701, "fair_value": 16.317029, "relative_strength": -2.992397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.5263, "energy": 37.524427, "activity_lines": [ 13.805435, 13.861779, 14.177179, 14.356554 ] }, { "date": "2025-05-02", "close": 14.051546, "volume": 1686265, "typical_volume": 462471.55, "trend": 14.540407, "fair_value": 16.269354, "relative_strength": -3.054069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.884881, "energy": 27.626339, "activity_lines": [ 13.893056, 13.875485, 14.142665, 14.320996 ] }, { "date": "2025-05-09", "close": 14.01289, "volume": 708568, "typical_volume": 486730.6, "trend": 14.49755, "fair_value": 16.222713, "relative_strength": -1.591875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.984352, "energy": 16.611873, "activity_lines": [ 13.970368, 13.893056, 14.108794, 14.286963 ] }, { "date": "2025-05-16", "close": 14.109531, "volume": 604578, "typical_volume": 506708.95, "trend": 14.467334, "fair_value": 16.179139, "relative_strength": -1.785546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.911628, "energy": 17.767583, "activity_lines": [ 14.073452, 13.932766, 14.087349, 14.261929 ] }, { "date": "2025-05-23", "close": 13.046484, "volume": 454275, "typical_volume": 504685.7, "trend": 14.411104, "fair_value": 16.127935, "relative_strength": -6.600488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.917308, "energy": 30.887275, "activity_lines": [ 13.744873, 13.777438, 13.967147, 14.170261 ] }, { "date": "2025-05-30", "close": 13.08514, "volume": 430831, "typical_volume": 516420.3, "trend": 14.34737, "fair_value": 16.080241, "relative_strength": -4.471658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.330534, "energy": 42.932624, "activity_lines": [ 13.467837, 13.647764, 13.858725, 14.084715 ] }, { "date": "2025-06-06", "close": 13.355734, "volume": 636428, "typical_volume": 540935.75, "trend": 14.290772, "fair_value": 16.04209, "relative_strength": -2.458648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.583466, "energy": 45.857496, "activity_lines": [ 13.366042, 13.580643, 13.785002, 14.020739 ] }, { "date": "2025-06-13", "close": 12.756562, "volume": 248670, "typical_volume": 538873.7, "trend": 14.226133, "fair_value": 16.003245, "relative_strength": -5.237799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.217988, "energy": 60.996576, "activity_lines": [ 13.110911, 13.417935, 13.662131, 13.921758 ] }, { "date": "2025-06-20", "close": 12.46664, "volume": 580229, "typical_volume": 532473.0, "trend": 14.154971, "fair_value": 15.96091, "relative_strength": -5.172919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.599074, "energy": 61.327481, "activity_lines": [ 12.842894, 13.2236, 13.5226, 13.808242 ] }, { "date": "2025-06-27", "close": 13.375062, "volume": 534222, "typical_volume": 549148.75, "trend": 14.115973, "fair_value": 15.92265, "relative_strength": -2.345439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.721224, "energy": 36.678958, "activity_lines": [ 12.987211, 13.203217, 13.481459, 13.757925 ] }, { "date": "2025-07-04", "close": 13.433046, "volume": 414258, "typical_volume": 548838.25, "trend": 14.06572, "fair_value": 15.898747, "relative_strength": -3.245556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.931207, "energy": 31.46266, "activity_lines": [ 13.12895, 13.197946, 13.453387, 13.713865 ] }, { "date": "2025-07-11", "close": 13.433046, "volume": 256790, "typical_volume": 555813.7, "trend": 14.014823, "fair_value": 15.879272, "relative_strength": -3.359506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.464259, "energy": 21.623748, "activity_lines": [ 13.247496, 13.209543, 13.430561, 13.673048 ] }, { "date": "2025-07-18", "close": 13.201109, "volume": 951020, "typical_volume": 596210.05, "trend": 13.965214, "fair_value": 15.85831, "relative_strength": -2.520101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.983571, "energy": 16.30757, "activity_lines": [ 13.283575, 13.190215, 13.391445, 13.62055 ] }, { "date": "2025-07-25", "close": 13.094805, "volume": 276493, "typical_volume": 599499.3, "trend": 13.913995, "fair_value": 15.838764, "relative_strength": -2.587212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.03312, "energy": 17.898473, "activity_lines": [ 13.254584, 13.166318, 13.347266, 13.564395 ] }, { "date": "2025-08-01", "close": 13.384727, "volume": 408590, "typical_volume": 609862.5, "trend": 13.868574, "fair_value": 15.825505, "relative_strength": -0.152783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.040897, "energy": 16.346267, "activity_lines": [ 13.280355, 13.213585, 13.335071, 13.530248 ] }, { "date": "2025-08-08", "close": 13.133461, "volume": 817783, "typical_volume": 640159.65, "trend": 13.80769, "fair_value": 15.808072, "relative_strength": -2.045393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.344063, "energy": 19.278108, "activity_lines": [ 13.221726, 13.209016, 13.302214, 13.482822 ] }, { "date": "2025-08-15", "close": 13.007828, "volume": 225558, "typical_volume": 644392.4, "trend": 13.740686, "fair_value": 15.790883, "relative_strength": -1.993247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.310853, "energy": 25.307991, "activity_lines": [ 13.141192, 13.180727, 13.260658, 13.431218 ] }, { "date": "2025-08-22", "close": 12.843538, "volume": 408533, "typical_volume": 662870.75, "trend": 13.666917, "fair_value": 15.76658, "relative_strength": -3.38644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.275587, "energy": 29.320637, "activity_lines": [ 13.034243, 13.128892, 13.20861, 13.373337 ] }, { "date": "2025-08-29", "close": 12.978836, "volume": 207917, "typical_volume": 659297.1, "trend": 13.600879, "fair_value": 15.736735, "relative_strength": -1.057029, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.940313, "energy": 33.035808, "activity_lines": [ 12.996231, 13.100076, 13.174556, 13.328945 ] }, { "date": "2025-09-05", "close": 12.737234, "volume": 200764, "typical_volume": 655973.85, "trend": 13.526788, "fair_value": 15.704175, "relative_strength": -1.966125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.419964, "energy": 46.553808, "activity_lines": [ 12.885416, 13.018019, 13.117354, 13.273226 ] }, { "date": "2025-09-12", "close": 12.389327, "volume": 182723, "typical_volume": 511724.75, "trend": 13.455274, "fair_value": 15.671367, "relative_strength": -2.52461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.418677, "energy": 60.072715, "activity_lines": [ 12.701799, 12.884303, 13.031252, 13.199841 ] }, { "date": "2025-09-19", "close": 12.659922, "volume": 361589, "typical_volume": 445490.95, "trend": 13.388914, "fair_value": 15.645304, "relative_strength": -3.176597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.524394, "energy": 57.360987, "activity_lines": [ 12.657989, 12.818764, 12.980308, 13.148528 ] }, { "date": "2025-09-26", "close": 13.191444, "volume": 338232, "typical_volume": 426974.15, "trend": 13.353157, "fair_value": 15.625446, "relative_strength": -3.537982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.755689, "energy": 40.543879, "activity_lines": [ 12.814546, 12.863921, 12.986613, 13.135788 ] }, { "date": "2025-10-03", "close": 13.239765, "volume": 525727, "typical_volume": 423031.6, "trend": 13.327386, "fair_value": 15.6038, "relative_strength": -4.491742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.363474, "energy": 18.20406, "activity_lines": [ 12.964017, 12.91804, 13.001431, 13.128473 ] }, { "date": "2025-10-10", "close": 13.24943, "volume": 154629, "typical_volume": 408049.3, "trend": 13.300005, "fair_value": 15.588858, "relative_strength": -4.945172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.916625, "energy": 15.128076, "activity_lines": [ 13.099314, 12.97128, 13.021311, 13.123443 ] }, { "date": "2025-10-17", "close": 13.220437, "volume": 194454, "typical_volume": 396230.45, "trend": 13.280032, "fair_value": 15.572915, "relative_strength": -5.874958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.626383, "energy": 20.192076, "activity_lines": [ 13.190801, 13.021709, 13.037464, 13.11831 ] }, { "date": "2025-10-24", "close": 12.872531, "volume": 102098, "typical_volume": 369513.95, "trend": 13.239443, "fair_value": 15.551711, "relative_strength": -7.4878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.64339, "energy": 18.445355, "activity_lines": [ 13.110911, 13.007301, 13.019839, 13.092019 ] }, { "date": "2025-10-31", "close": 13.326742, "volume": 195841, "typical_volume": 366872.5, "trend": 13.219793, "fair_value": 15.537032, "relative_strength": -4.426739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.527169, "energy": 8.711048, "activity_lines": [ 13.168251, 13.077936, 13.047773, 13.097652 ] }, { "date": "2025-11-07", "close": 12.717906, "volume": 149341, "typical_volume": 345328.1, "trend": 13.212062, "fair_value": 15.513232, "relative_strength": -5.765114, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.57874, "energy": 16.797178, "activity_lines": [ 13.013626, 13.029089, 13.015007, 13.065272 ] }, { "date": "2025-11-14", "close": 12.456977, "volume": 125315, "typical_volume": 324882.75, "trend": 13.173083, "fair_value": 15.488351, "relative_strength": -6.470206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.305881, "energy": 40.467282, "activity_lines": [ 12.806816, 12.937544, 12.956194, 13.016557 ] }, { "date": "2025-11-21", "close": 12.398992, "volume": 146822, "typical_volume": 311510.95, "trend": 13.10769, "fair_value": 15.46144, "relative_strength": -5.329715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.33911, "energy": 58.717107, "activity_lines": [ 12.633507, 12.840552, 12.896231, 12.966615 ] }, { "date": "2025-11-28", "close": 12.186382, "volume": 164957, "typical_volume": 306919.3, "trend": 13.045518, "fair_value": 15.441816, "relative_strength": -3.555368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.769841, "energy": 70.476266, "activity_lines": [ 12.444091, 12.704728, 12.820943, 12.907176 ] }, { "date": "2025-12-05", "close": 12.37, "volume": 330456, "typical_volume": 275891.1, "trend": 12.990755, "fair_value": 15.416141, "relative_strength": -1.82861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.307739, "energy": 66.340465, "activity_lines": [ 12.361624, 12.610899, 12.769079, 12.863594 ] }, { "date": "2025-12-12", "close": 12.02, "volume": 178821, "typical_volume": 271007.5, "trend": 12.921104, "fair_value": 15.390118, "relative_strength": -5.229615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.981334, "energy": 71.679771, "activity_lines": [ 12.226274, 12.468368, 12.68784, 12.800965 ] }, { "date": "2025-12-19", "close": 11.84, "volume": 142025, "typical_volume": 257679.25, "trend": 12.880887, "fair_value": 15.36223, "relative_strength": -4.116017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.555943, "energy": 75.712714, "activity_lines": [ 12.07745, 12.315288, 12.594576, 12.731216 ] }, { "date": "2025-12-26", "close": 11.61, "volume": 72495, "typical_volume": 220414.85, "trend": 12.831716, "fair_value": 15.333816, "relative_strength": -6.456806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.814171, "energy": 79.960379, "activity_lines": [ 11.893092, 12.146016, 12.486763, 12.649224 ] }, { "date": "2026-01-02", "close": 11.72, "volume": 109641, "typical_volume": 214619.0, "trend": 12.777192, "fair_value": 15.312268, "relative_strength": -5.610772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.424818, "energy": 77.390344, "activity_lines": [ 11.798, 12.026025, 12.39668, 12.5775 ] }, { "date": "2026-01-09", "close": 11.37, "volume": 94166, "typical_volume": 198900.65, "trend": 12.730973, "fair_value": 15.283263, "relative_strength": -7.53833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.359961, "energy": 80.975006, "activity_lines": [ 11.617333, 11.863352, 12.279397, 12.486713 ] }, { "date": "2026-01-16", "close": 11.45, "volume": 200677, "typical_volume": 198538.65, "trend": 12.697085, "fair_value": 15.25098, "relative_strength": -9.610743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.930471, "energy": 75.261492, "activity_lines": [ 11.53, 11.750802, 12.17675, 12.40407 ] }, { "date": "2026-01-23", "close": 11.8, "volume": 138433, "typical_volume": 195422.1, "trend": 12.644583, "fair_value": 15.218808, "relative_strength": -9.248623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.68332, "energy": 53.121682, "activity_lines": [ 11.597333, 11.724941, 12.114716, 12.346194 ] }, { "date": "2026-01-30", "close": 11.9, "volume": 130370, "typical_volume": 192804.45, "trend": 12.593481, "fair_value": 15.191897, "relative_strength": -10.242016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.18823, "energy": 46.527279, "activity_lines": [ 11.700667, 11.729207, 12.066669, 12.298156 ] }, { "date": "2026-02-06", "close": 11.54, "volume": 90505, "typical_volume": 179250.25, "trend": 12.53038, "fair_value": 15.165878, "relative_strength": -11.20136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.045222, "energy": 44.675805, "activity_lines": [ 11.664667, 11.677091, 11.986667, 12.230189 ] }, { "date": "2026-02-13", "close": 11.69, "volume": 99937, "typical_volume": 167335.5, "trend": 12.480009, "fair_value": 15.142479, "relative_strength": -10.351584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.438576, "energy": 32.913464, "activity_lines": [ 11.690667, 11.664, 11.926283, 12.175971 ] }, { "date": "2026-02-20", "close": 11.26, "volume": 70876, "typical_volume": 144592.95, "trend": 12.418849, "fair_value": 15.112532, "relative_strength": -11.019347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.486803, "energy": 47.171117, "activity_lines": [ 11.552, 11.585091, 11.832096, 12.097261 ] }, { "date": "2026-02-27", "close": 10.89, "volume": 50333, "typical_volume": 139378.15, "trend": 12.335692, "fair_value": 15.082227, "relative_strength": -11.793026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.062458, "energy": 74.38619, "activity_lines": [ 11.302667, 11.452727, 11.712099, 11.998626 ] }, { "date": "2026-03-06", "close": 11.16, "volume": 253290, "typical_volume": 142319.95, "trend": 12.26991, "fair_value": 15.056971, "relative_strength": -9.943883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.605449, "energy": 65.847552, "activity_lines": [ 11.204, 11.386727, 11.629052, 11.922775 ] }, { "date": "2026-03-13", "close": 11.05, "volume": 196623, "typical_volume": 147046.2, "trend": 12.204649, "fair_value": 15.033142, "relative_strength": -11.5142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.139728, "energy": 72.541091, "activity_lines": [ 11.118, 11.308909, 11.54534, 11.844071 ] }, { "date": "2026-03-20", "close": 11.25, "volume": 63037, "typical_volume": 140406.0, "trend": 12.151531, "fair_value": 15.010476, "relative_strength": -10.126595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.370316, "energy": 57.233205, "activity_lines": [ 11.131333, 11.279636, 11.489354, 11.78248 ] }, { "date": "2026-03-27", "close": 11.14, "volume": 98969, "typical_volume": 137887.4, "trend": 12.090236, "fair_value": 14.988883, "relative_strength": -11.913689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.105815, "energy": 45.519063, "activity_lines": [ 11.137333, 11.232545, 11.432781, 11.71722 ] }, { "date": "2026-04-03", "close": 11.15, "volume": 241699, "typical_volume": 143706.6, "trend": 12.037328, "fair_value": 14.969723, "relative_strength": -12.961077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.848118, "energy": 41.78932, "activity_lines": [ 11.154667, 11.192909, 11.384675, 11.65656 ] }, { "date": "2026-04-10", "close": 11.41, "volume": 121458, "typical_volume": 142438.4, "trend": 12.004684, "fair_value": 14.952348, "relative_strength": -11.33886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.823034, "energy": 28.899487, "activity_lines": [ 11.241333, 11.212364, 11.367554, 11.616087 ] }, { "date": "2026-04-17", "close": 11.55, "volume": 102024, "typical_volume": 139291.75, "trend": 11.967687, "fair_value": 14.931014, "relative_strength": -11.620509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.711717, "energy": 20.883911, "activity_lines": [ 11.358, 11.266182, 11.368476, 11.586753 ] }, { "date": "2026-04-24", "close": 11.18, "volume": 94523, "typical_volume": 127495.1, "trend": 11.900639, "fair_value": 14.906122, "relative_strength": -10.702889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.949404, "energy": 20.85307, "activity_lines": [ 11.318, 11.252545, 11.33719, 11.535934 ] }, { "date": "2026-05-01", "close": 11.2, "volume": 62570, "typical_volume": 121682.55, "trend": 11.832647, "fair_value": 14.880648, "relative_strength": -10.838531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.347084, "energy": 19.295499, "activity_lines": [ 11.289333, 11.251818, 11.313476, 11.490732 ] }, { "date": "2026-05-08", "close": 11.21, "volume": 62358, "typical_volume": 117699.2, "trend": 11.764666, "fair_value": 14.855831, "relative_strength": -9.156709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.05055, "energy": 21.575418, "activity_lines": [ 11.26, 11.254, 11.294619, 11.450561 ] }, { "date": "2026-05-15", "close": 11.11, "volume": 112430, "typical_volume": 119695.95, "trend": 11.694318, "fair_value": 14.828951, "relative_strength": -9.333354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.841825, "energy": 31.599581, "activity_lines": [ 11.193333, 11.232182, 11.269238, 11.408325 ] }, { "date": "2026-05-22", "close": 10.99, "volume": 142714, "typical_volume": 121349.6, "trend": 11.631567, "fair_value": 14.800827, "relative_strength": -10.31148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.719548, "energy": 35.563088, "activity_lines": [ 11.106667, 11.189455, 11.23481, 11.362885 ] }, { "date": "2026-05-29", "close": 10.99, "volume": 0, "typical_volume": 116641.3, "trend": 11.553675, "fair_value": 14.767846, "relative_strength": -10.009335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.181638, "energy": 43.48481, "activity_lines": [ 11.057333, 11.147818, 11.203857, 11.321493 ] }, { "date": "2026-06-05", "close": 11.0, "volume": 118322, "typical_volume": 112523.55, "trend": 11.496412, "fair_value": 14.729954, "relative_strength": -9.288293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.913621, "energy": 56.438407, "activity_lines": [ 11.024, 11.112727, 11.175667, 11.285772 ] }, { "date": "2026-06-12", "close": 10.83, "volume": 113699, "typical_volume": 111286.85, "trend": 11.442179, "fair_value": 14.691208, "relative_strength": -10.80274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.46777, "energy": 63.107921, "activity_lines": [ 10.947333, 11.049273, 11.133429, 11.242778 ] }, { "date": "2026-06-19", "close": 10.83, "volume": 93376, "typical_volume": 109437.15, "trend": 11.389879, "fair_value": 14.65578, "relative_strength": -11.124683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.218565, "energy": 63.845391, "activity_lines": [ 10.896, 10.991636, 11.09581, 11.203283 ] }, { "date": "2026-06-26", "close": 10.8, "volume": 86166, "typical_volume": 109220.2, "trend": 11.343667, "fair_value": 14.620159, "relative_strength": -9.497286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.739949, "energy": 63.429205, "activity_lines": [ 10.853333, 10.939091, 11.060429, 11.165226 ] }, { "date": "2026-07-03", "close": 11.54, "volume": 952421, "typical_volume": 151844.4, "trend": 11.316, "fair_value": 14.578619, "relative_strength": -2.125096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.518736, "energy": 14.536738, "activity_lines": [ 11.07, 11.034727, 11.099048, 11.177892 ] }, { "date": "2026-07-10", "close": 11.3, "volume": 939216, "typical_volume": 195261.4, "trend": 11.292, "fair_value": 14.529854, "relative_strength": -3.748449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.797206, "energy": 12.939874, "activity_lines": [ 11.17, 11.080182, 11.115524, 11.17686 ] }, { "date": "2026-07-17", "close": 11.19, "volume": 134340, "typical_volume": 199461.75, "trend": 11.270333, "fair_value": 14.479436, "relative_strength": -3.636333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.13165, "energy": 18.384002, "activity_lines": [ 11.213333, 11.103818, 11.121333, 11.17028 ] }, { "date": "2026-07-24", "close": 11.32, "volume": 175434, "typical_volume": 195568.95, "trend": 11.260667, "fair_value": 14.425705, "relative_strength": -2.92047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.302784, "energy": 19.451912, "activity_lines": [ 11.276, 11.151455, 11.138095, 11.173484 ] }, { "date": "2026-07-31", "close": 11.35, "volume": 134180, "typical_volume": 192446.8, "trend": 11.248333, "fair_value": 14.373469, "relative_strength": -0.440343, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.782669, "energy": 16.468284, "activity_lines": [ 11.316, 11.200727, 11.156952, 11.179247 ] }, { "date": "2026-08-07", "close": 11.46, "volume": 77978, "typical_volume": 193193.85, "trend": 11.251333, "fair_value": 14.325019, "relative_strength": -1.558221, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.497885, "energy": 26.160345, "activity_lines": [ 11.356, 11.263455, 11.184857, 11.192903 ] } ], "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." } } }