{ "ticker": { "uuid": "5392fd84-c07d-4ca8-9b73-9686af6c22f8", "symbol": "SGL", "name": "STL Global Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -55.09, "architecture_energy": 35.36, "architecture_maturity": 22.634, "architecture_confidence": 94.471, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 16.82, "rotation_up": 19.69, "upward_expansion": 3.95, "deceleration": 52.84, "rotation_down": 51.79, "downward_expansion": 77.28 }, "activity_lines": [ 9.992, 10.061091, 10.515667, 10.711742 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.666667 }, "latest_close": 10.19, "trend_reference": 10.975333, "distance_from_trend": -0.071554, "trend_direction": "Weakening", "fair_value": 14.804103, "distance_from_fair_value": -0.311677, "fair_value_direction": "Weakening", "relative_strength": -15.556503, "relative_strength_direction": "Weakening", "price_momentum": -0.153654, "excess_performance": -0.109945, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.071554, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.085719, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.311677, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.108099, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.155565, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.086277, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.153654, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.704235, "read": "Supply-led" } ], "volume": { "latest": 67080, "relative_activity": 0.689074, "balance": 0.704235, "dry_up": 0.494648, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.097532, "annualized_volatility": 0.460617, "from_high_reference": -0.509861, "from_low_reference": 0.213095 }, "levels": { "trend_reference": 10.975333, "fair_value_reference": 14.804103, "structural_low": 8.4, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.002033, "positive_rate": 0.47619, "directional_follow_through": 0.52381, "median_excess_return": -0.006678, "regime_survival": 0.761905, "best_return": 0.296121, "worst_return": -0.241895, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.077441, "positive_rate": 0.222222, "directional_follow_through": 0.777778, "median_excess_return": -0.105498, "regime_survival": 0.333333, "best_return": 0.468896, "worst_return": -0.242678, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.200627, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.195833, "regime_survival": 0.2, "best_return": 0.073579, "worst_return": -0.271805, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.197975, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.356338, "regime_survival": 0.0, "best_return": 0.038127, "worst_return": -0.434077, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": 0.04887, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-27", "end": "2024-11-01", "tenure": "Developing", "return": -0.084123, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-12-27", "tenure": "Developing", "return": 0.083081, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": -0.08269, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-05-23", "tenure": "Established", "return": -0.072943, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.054124, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-08-01", "tenure": "Developing", "return": -0.128041, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": -0.006623, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-29", "end": "2025-09-05", "tenure": "New", "return": 0.03561, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": 0.059347, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": -0.073864, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-05-01", "tenure": "Established", "return": -0.065831, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-26", "tenure": "Developing", "return": -0.151288, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.035569, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.9, "volume": 59421, "typical_volume": 216060.25, "trend": 14.421667, "fair_value": 17.000641, "relative_strength": -25.754527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.873102, "energy": 15.114206, "activity_lines": [ 13.923333, 13.866364, 14.139762, 14.236344 ] }, { "date": "2023-08-25", "close": 14.25, "volume": 352971, "typical_volume": 222691.2, "trend": 14.301667, "fair_value": 17.028846, "relative_strength": -22.571667, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.045945, "energy": 12.347192, "activity_lines": [ 14.036667, 13.932727, 14.124524, 14.225269 ] }, { "date": "2023-09-01", "close": 14.45, "volume": 121358, "typical_volume": 224761.9, "trend": 14.27, "fair_value": 17.060256, "relative_strength": -21.022139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.732872, "energy": 10.093428, "activity_lines": [ 14.18, 14.039091, 14.127619, 14.234839 ] }, { "date": "2023-09-08", "close": 15.4, "volume": 399140, "typical_volume": 241919.35, "trend": 14.266667, "fair_value": 17.102244, "relative_strength": -16.226025, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.437734, "energy": 19.985646, "activity_lines": [ 14.62, 14.303636, 14.22119, 14.307742 ] }, { "date": "2023-09-15", "close": 14.75, "volume": 237465, "typical_volume": 166599.15, "trend": 14.261667, "fair_value": 17.141346, "relative_strength": -20.103621, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.84598, "energy": 20.694834, "activity_lines": [ 14.74, 14.423636, 14.250238, 14.338925 ] }, { "date": "2023-09-22", "close": 19.200001, "volume": 4633961, "typical_volume": 387776.65, "trend": 14.511667, "fair_value": 17.211538, "relative_strength": 7.804745, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 84.048648, "energy": 69.728261, "activity_lines": [ 16.29, 15.335455, 14.712619, 14.657527 ] }, { "date": "2023-09-29", "close": 15.5, "volume": 846926, "typical_volume": 422076.2, "trend": 14.563333, "fair_value": 17.258333, "relative_strength": -11.640503, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.483905, "energy": 57.191248, "activity_lines": [ 16.253334, 15.47, 14.806905, 14.72129 ] }, { "date": "2023-10-06", "close": 15.6, "volume": 143372, "typical_volume": 424739.1, "trend": 14.626667, "fair_value": 17.307051, "relative_strength": -10.002688, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.122285, "energy": 50.40697, "activity_lines": [ 16.166667, 15.59, 14.910238, 14.788172 ] }, { "date": "2023-10-13", "close": 15.15, "volume": 74149, "typical_volume": 418950.8, "trend": 14.708333, "fair_value": 17.355769, "relative_strength": -11.831518, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.853217, "energy": 39.403906, "activity_lines": [ 15.853333, 15.601818, 14.967381, 14.821936 ] }, { "date": "2023-10-20", "close": 15.4, "volume": 109177, "typical_volume": 419752.2, "trend": 14.775, "fair_value": 17.408654, "relative_strength": -8.540984, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.418126, "energy": 19.378374, "activity_lines": [ 15.64, 15.635455, 15.044048, 14.866559 ] }, { "date": "2023-10-27", "close": 15.15, "volume": 43112, "typical_volume": 407224.3, "trend": 14.768333, "fair_value": 17.460577, "relative_strength": -6.914337, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.396716, "energy": 15.102413, "activity_lines": [ 15.3, 15.597273, 15.090476, 14.890753 ] }, { "date": "2023-11-03", "close": 15.2, "volume": 42220, "typical_volume": 403878.55, "trend": 14.805, "fair_value": 17.5125, "relative_strength": -6.61824, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.025001, "energy": 14.866975, "activity_lines": [ 15.246667, 15.545455, 15.139524, 14.918602 ] }, { "date": "2023-11-10", "close": 15.05, "volume": 39300, "typical_volume": 400381.25, "trend": 14.825, "fair_value": 17.565064, "relative_strength": -7.628005, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.22635, "energy": 13.832297, "activity_lines": [ 15.163333, 15.449091, 15.170714, 14.934409 ] }, { "date": "2023-11-17", "close": 14.9, "volume": 59507, "typical_volume": 401629.45, "trend": 14.826667, "fair_value": 17.61891, "relative_strength": -9.301588, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.168441, "energy": 12.735551, "activity_lines": [ 15.066667, 15.314545, 15.180952, 14.939247 ] }, { "date": "2023-11-24", "close": 15.0, "volume": 44914, "typical_volume": 392436.05, "trend": 14.768333, "fair_value": 17.673077, "relative_strength": -8.311321, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.11459, "energy": 11.836959, "activity_lines": [ 15.02, 15.207273, 15.196191, 14.95043 ] }, { "date": "2023-12-01", "close": 14.9, "volume": 87736, "typical_volume": 392199.05, "trend": 14.735, "fair_value": 17.725321, "relative_strength": -10.322917, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.921621, "energy": 8.048303, "activity_lines": [ 14.966667, 15.077273, 15.196191, 14.958925 ] }, { "date": "2023-12-08", "close": 14.75, "volume": 79688, "typical_volume": 386226.8, "trend": 14.713333, "fair_value": 17.769231, "relative_strength": -13.422574, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.726917, "energy": 7.623285, "activity_lines": [ 14.88, 14.998182, 15.175, 14.959893 ] }, { "date": "2023-12-15", "close": 15.5, "volume": 177340, "typical_volume": 388444.25, "trend": 14.733333, "fair_value": 17.817308, "relative_strength": -10.313301, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.35722, "energy": 11.129705, "activity_lines": [ 15.073333, 15.069091, 15.220238, 15.010645 ] }, { "date": "2023-12-22", "close": 15.05, "volume": 153691, "typical_volume": 389895.2, "trend": 14.76, "fair_value": 17.862821, "relative_strength": -11.710491, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.688567, "energy": 10.264377, "activity_lines": [ 15.086667, 15.06, 15.216191, 15.031075 ] }, { "date": "2023-12-29", "close": 16.200001, "volume": 183379, "typical_volume": 394441.35, "trend": 14.831667, "fair_value": 17.911218, "relative_strength": -6.078283, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.082744, "energy": 33.759802, "activity_lines": [ 15.473334, 15.261818, 15.315953, 15.123979 ] }, { "date": "2024-01-05", "close": 17.85, "volume": 669718, "typical_volume": 424956.2, "trend": 14.936667, "fair_value": 17.965064, "relative_strength": 4.047082, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.188732, "energy": 66.676129, "activity_lines": [ 16.33, 15.749091, 15.562143, 15.31871 ] }, { "date": "2024-01-12", "close": 18.549999, "volume": 951273, "typical_volume": 454871.3, "trend": 15.073333, "fair_value": 18.025321, "relative_strength": 7.640985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.204976, "energy": 77.005912, "activity_lines": [ 17.223333, 16.314545, 15.85619, 15.551828 ] }, { "date": "2024-01-19", "close": 17.6, "volume": 205555, "typical_volume": 459081.15, "trend": 15.205, "fair_value": 18.074359, "relative_strength": 3.882085, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.605917, "energy": 74.064712, "activity_lines": [ 17.546667, 16.646364, 16.039286, 15.714839 ] }, { "date": "2024-01-26", "close": 18.299999, "volume": 197416, "typical_volume": 448994.95, "trend": 15.35, "fair_value": 18.131731, "relative_strength": 9.801426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.962775, "energy": 77.214974, "activity_lines": [ 17.963333, 17.059091, 16.274048, 15.914516 ] }, { "date": "2024-02-02", "close": 18.9, "volume": 349643, "typical_volume": 454603.85, "trend": 15.52, "fair_value": 18.19359, "relative_strength": 10.79445, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.563838, "energy": 74.905598, "activity_lines": [ 18.363333, 17.519091, 16.552143, 16.143548 ] }, { "date": "2024-02-09", "close": 17.6, "volume": 283020, "typical_volume": 237056.8, "trend": 15.658333, "fair_value": 18.246795, "relative_strength": 3.664734, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.557241, "energy": 45.047682, "activity_lines": [ 18.15, 17.671818, 16.686667, 16.277742 ] }, { "date": "2024-02-16", "close": 17.549999, "volume": 166999, "typical_volume": 203060.45, "trend": 15.786667, "fair_value": 18.301603, "relative_strength": 2.245297, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.450586, "energy": 38.229245, "activity_lines": [ 17.936666, 17.766363, 16.824047, 16.399785 ] }, { "date": "2024-02-23", "close": 17.75, "volume": 179185, "typical_volume": 204851.1, "trend": 15.906667, "fair_value": 18.355128, "relative_strength": 2.283392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.53215, "energy": 32.166826, "activity_lines": [ 17.856666, 17.846363, 16.970714, 16.526452 ] }, { "date": "2024-03-01", "close": 17.200001, "volume": 81419, "typical_volume": 205214.6, "trend": 16.018333, "fair_value": 18.405769, "relative_strength": -1.389618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.739722, "energy": 20.355458, "activity_lines": [ 17.583333, 17.785454, 17.054762, 16.609892 ] }, { "date": "2024-03-08", "close": 17.299999, "volume": 278561, "typical_volume": 213683.8, "trend": 16.13, "fair_value": 18.458333, "relative_strength": -1.456025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.11534, "energy": 16.987255, "activity_lines": [ 17.416666, 17.703636, 17.138571, 16.692581 ] }, { "date": "2024-03-15", "close": 14.85, "volume": 265803, "typical_volume": 224818.35, "trend": 16.161667, "fair_value": 18.498077, "relative_strength": -13.459839, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.560651, "energy": 10.3257, "activity_lines": [ 16.54, 17.156363, 16.98, 16.61 ] }, { "date": "2024-03-22", "close": 14.7, "volume": 197360, "typical_volume": 232575.35, "trend": 16.176667, "fair_value": 18.537821, "relative_strength": -14.353178, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.787917, "energy": 21.80555, "activity_lines": [ 15.796667, 16.636363, 16.808571, 16.515699 ] }, { "date": "2024-03-29", "close": 14.55, "volume": 140595, "typical_volume": 237640.1, "trend": 16.18, "fair_value": 18.573077, "relative_strength": -15.615136, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.867644, "energy": 26.633804, "activity_lines": [ 15.193333, 16.159091, 16.625238, 16.410753 ] }, { "date": "2024-04-05", "close": 15.65, "volume": 168072, "typical_volume": 243068.35, "trend": 16.188333, "fair_value": 18.617308, "relative_strength": -9.750292, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.342547, "energy": 29.407709, "activity_lines": [ 15.17, 15.937273, 16.549047, 16.376559 ] }, { "date": "2024-04-12", "close": 16.049999, "volume": 139022, "typical_volume": 247773.75, "trend": 16.231667, "fair_value": 18.665705, "relative_strength": -7.240517, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.326991, "energy": 29.963922, "activity_lines": [ 15.383333, 15.836363, 16.507381, 16.367634 ] }, { "date": "2024-04-19", "close": 15.75, "volume": 184525, "typical_volume": 252613.2, "trend": 16.116667, "fair_value": 18.713782, "relative_strength": -7.138246, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.421493, "energy": 13.49138, "activity_lines": [ 15.58, 15.732727, 16.432143, 16.336559 ] }, { "date": "2024-04-26", "close": 15.9, "volume": 158429, "typical_volume": 256550.25, "trend": 16.13, "fair_value": 18.761859, "relative_strength": -6.885378, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.876555, "energy": 3.996276, "activity_lines": [ 15.766666, 15.69, 16.367143, 16.32258 ] }, { "date": "2024-05-03", "close": 15.9, "volume": 91819, "typical_volume": 252274.2, "trend": 16.14, "fair_value": 18.809615, "relative_strength": -6.71056, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.660919, "energy": 5.188442, "activity_lines": [ 15.873333, 15.677273, 16.296667, 16.307742 ] }, { "date": "2024-05-10", "close": 14.7, "volume": 88722, "typical_volume": 249025.75, "trend": 16.125, "fair_value": 18.843269, "relative_strength": -11.715957, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.504204, "energy": 13.063627, "activity_lines": [ 15.49, 15.48, 16.11, 16.214839 ] }, { "date": "2024-05-17", "close": 15.25, "volume": 143030, "typical_volume": 247008.3, "trend": 16.12, "fair_value": 18.873077, "relative_strength": -9.766763, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.399052, "energy": 17.819947, "activity_lines": [ 15.353333, 15.428182, 15.977381, 16.158387 ] }, { "date": "2024-05-24", "close": 15.25, "volume": 54923, "typical_volume": 216268.55, "trend": 16.123333, "fair_value": 18.883654, "relative_strength": -11.456683, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.168244, "energy": 33.257082, "activity_lines": [ 15.27, 15.413636, 15.849286, 16.102258 ] }, { "date": "2024-05-31", "close": 14.95, "volume": 62786, "typical_volume": 171844.2, "trend": 16.115, "fair_value": 18.898718, "relative_strength": -11.340962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.506502, "energy": 39.141782, "activity_lines": [ 15.12, 15.337273, 15.705, 16.026559 ] }, { "date": "2024-06-07", "close": 16.25, "volume": 501553, "typical_volume": 186644.1, "trend": 16.155, "fair_value": 18.924679, "relative_strength": -6.547783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.9949, "energy": 19.62335, "activity_lines": [ 15.466667, 15.492727, 15.701667, 16.035269 ] }, { "date": "2024-06-14", "close": 16.43, "volume": 302121, "typical_volume": 191879.35, "trend": 16.206, "fair_value": 18.954038, "relative_strength": -6.056041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.009775, "energy": 12.460923, "activity_lines": [ 15.85, 15.65, 15.721905, 16.053011 ] }, { "date": "2024-06-21", "close": 17.309999, "volume": 628738, "typical_volume": 205834.1, "trend": 16.283, "fair_value": 18.99032, "relative_strength": -1.18729, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.708014, "energy": 16.474696, "activity_lines": [ 16.411333, 15.953091, 15.834857, 16.124236 ] }, { "date": "2024-06-28", "close": 17.559999, "volume": 430551, "typical_volume": 213210.65, "trend": 16.371666, "fair_value": 19.001282, "relative_strength": -1.898306, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.771807, "energy": 25.02092, "activity_lines": [ 16.918666, 16.278727, 15.97919, 16.206623 ] }, { "date": "2024-07-05", "close": 17.389999, "volume": 223718, "typical_volume": 216046.6, "trend": 16.459666, "fair_value": 19.016923, "relative_strength": -4.101878, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.884523, "energy": 39.136615, "activity_lines": [ 17.215333, 16.540545, 16.107523, 16.272322 ] }, { "date": "2024-07-12", "close": 17.32, "volume": 156210, "typical_volume": 214897.85, "trend": 16.520333, "fair_value": 19.032115, "relative_strength": -5.23037, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.210619, "energy": 39.591733, "activity_lines": [ 17.325999, 16.762545, 16.229952, 16.327828 ] }, { "date": "2024-07-19", "close": 16.57, "volume": 93612, "typical_volume": 215507.5, "trend": 16.571, "fair_value": 19.041538, "relative_strength": -9.39748, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.429907, "energy": 25.993289, "activity_lines": [ 17.115333, 16.822363, 16.283, 16.331032 ] }, { "date": "2024-07-26", "close": 17.41, "volume": 319058, "typical_volume": 217532.35, "trend": 16.611333, "fair_value": 19.059872, "relative_strength": -5.922924, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.604929, "energy": 19.382242, "activity_lines": [ 17.175333, 17.000909, 16.419047, 16.385161 ] }, { "date": "2024-08-02", "close": 20.4, "volume": 4589994, "typical_volume": 433741.9, "trend": 16.696333, "fair_value": 19.093846, "relative_strength": 10.426694, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.896095, "energy": 35.024676, "activity_lines": [ 18.225333, 17.683818, 16.839333, 16.629591 ] }, { "date": "2024-08-09", "close": 19.299999, "volume": 234394, "typical_volume": 435593.6, "trend": 16.721333, "fair_value": 19.130385, "relative_strength": 5.772305, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.400243, "energy": 49.229565, "activity_lines": [ 18.719333, 18.073091, 17.128428, 16.79757 ] }, { "date": "2024-08-16", "close": 19.030001, "volume": 211866, "typical_volume": 439157.15, "trend": 16.769, "fair_value": 19.170962, "relative_strength": 3.406973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.986945, "energy": 55.428152, "activity_lines": [ 18.996, 18.334182, 17.369905, 16.946516 ] }, { "date": "2024-08-23", "close": 26.700001, "volume": 7564599, "typical_volume": 808983.5, "trend": 17.049, "fair_value": 19.252051, "relative_strength": 42.211471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.312436, "energy": 83.056573, "activity_lines": [ 21.715334, 19.939273, 18.320524, 17.587226 ] }, { "date": "2024-08-30", "close": 21.959999, "volume": 809275, "typical_volume": 842496.15, "trend": 17.151, "fair_value": 19.307564, "relative_strength": 14.682456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.883074, "energy": 68.585707, "activity_lines": [ 22.179333, 20.495818, 18.767095, 17.904064 ] }, { "date": "2024-09-06", "close": 20.870001, "volume": 204055, "typical_volume": 843472.65, "trend": 17.26, "fair_value": 19.35609, "relative_strength": 10.497284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.935703, "energy": 62.155497, "activity_lines": [ 21.976667, 20.769637, 19.081714, 18.144 ] }, { "date": "2024-09-13", "close": 22.049999, "volume": 231672, "typical_volume": 847134.8, "trend": 17.41, "fair_value": 19.409936, "relative_strength": 14.021345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.471591, "energy": 58.257172, "activity_lines": [ 22.136, 21.197818, 19.484333, 18.453032 ] }, { "date": "2024-09-20", "close": 19.959999, "volume": 201982, "typical_volume": 852642.95, "trend": 17.483667, "fair_value": 19.455513, "relative_strength": 1.994695, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.474051, "energy": 32.32846, "activity_lines": [ 21.415333, 21.161273, 19.658619, 18.617548 ] }, { "date": "2024-09-27", "close": 17.950001, "volume": 126716, "typical_volume": 854542.65, "trend": 17.508667, "fair_value": 19.490769, "relative_strength": -9.397836, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.628337, "energy": 15.969811, "activity_lines": [ 19.962667, 20.711273, 19.622143, 18.647634 ] }, { "date": "2024-10-04", "close": 17.85, "volume": 94409, "typical_volume": 852111.6, "trend": 17.527, "fair_value": 19.515128, "relative_strength": -5.516363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.706447, "energy": 15.989382, "activity_lines": [ 19.06, 20.218, 19.560667, 18.669656 ] }, { "date": "2024-10-11", "close": 18.34, "volume": 92644, "typical_volume": 853997.65, "trend": 17.643333, "fair_value": 19.525962, "relative_strength": -2.646593, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.949158, "energy": 18.7018, "activity_lines": [ 18.594667, 19.805818, 19.533476, 18.722107 ] }, { "date": "2024-10-18", "close": 18.92, "volume": 150307, "typical_volume": 858373.7, "trend": 17.784, "fair_value": 19.553654, "relative_strength": 0.946379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.744149, "energy": 14.926856, "activity_lines": [ 18.491333, 19.536545, 19.546809, 18.804473 ] }, { "date": "2024-10-25", "close": 14.97, "volume": 140157, "typical_volume": 840303.9, "trend": 17.798, "fair_value": 19.553462, "relative_strength": -17.534005, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.785926, "energy": 25.809037, "activity_lines": [ 17.28, 18.556, 19.165048, 18.622925 ] }, { "date": "2024-11-01", "close": 16.440001, "volume": 52366, "typical_volume": 827816.15, "trend": 17.824333, "fair_value": 19.562692, "relative_strength": -9.632645, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.440818, "energy": 32.331025, "activity_lines": [ 16.891334, 17.916546, 18.929381, 18.535312 ] }, { "date": "2024-11-08", "close": 16.49, "volume": 78835, "typical_volume": 800321.0, "trend": 17.839, "fair_value": 19.574487, "relative_strength": -8.555797, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.146654, "energy": 36.633289, "activity_lines": [ 16.62, 17.472727, 18.698429, 18.449226 ] }, { "date": "2024-11-15", "close": 15.7, "volume": 43582, "typical_volume": 780972.55, "trend": 17.837333, "fair_value": 19.58859, "relative_strength": -10.456687, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.797588, "energy": 43.405148, "activity_lines": [ 16.176, 16.984727, 18.396143, 18.311226 ] }, { "date": "2024-11-22", "close": 15.21, "volume": 26128, "typical_volume": 771093.05, "trend": 17.814333, "fair_value": 19.579359, "relative_strength": -14.341647, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.818376, "energy": 48.979772, "activity_lines": [ 15.744667, 16.501637, 18.056048, 18.14172 ] }, { "date": "2024-11-29", "close": 16.049999, "volume": 54958, "typical_volume": 766030.45, "trend": 17.819333, "fair_value": 19.587051, "relative_strength": -10.286814, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.883544, "energy": 45.243511, "activity_lines": [ 15.840666, 16.295636, 17.806333, 18.027892 ] }, { "date": "2024-12-06", "close": 17.700001, "volume": 373295, "typical_volume": 780014.6, "trend": 17.919333, "fair_value": 19.601795, "relative_strength": -3.290451, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.876307, "energy": 26.923481, "activity_lines": [ 16.414667, 16.460727, 17.71981, 18.020194 ] }, { "date": "2024-12-13", "close": 18.799999, "volume": 206102, "typical_volume": 774366.8, "trend": 18.037667, "fair_value": 19.613654, "relative_strength": 2.247249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -1.355636, "energy": 5.475341, "activity_lines": [ 17.271333, 16.830364, 17.732667, 18.077011 ] }, { "date": "2024-12-20", "close": 18.1, "volume": 320875, "typical_volume": 560910.85, "trend": 18.132667, "fair_value": 19.598269, "relative_strength": 3.201265, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -27.239842, "energy": 20.574955, "activity_lines": [ 17.740666, 17.055454, 17.672238, 18.081032 ] }, { "date": "2024-12-27", "close": 17.860001, "volume": 112831, "typical_volume": 554832.7, "trend": 18.229667, "fair_value": 19.561474, "relative_strength": 0.855018, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -22.959626, "energy": 20.810739, "activity_lines": [ 17.97, 17.241273, 17.599905, 18.063441 ] }, { "date": "2025-01-03", "close": 18.139999, "volume": 126853, "typical_volume": 550582.05, "trend": 18.292667, "fair_value": 19.487692, "relative_strength": 1.794634, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.787554, "energy": 17.241231, "activity_lines": [ 18.116, 17.497273, 17.561095, 18.057656 ] }, { "date": "2025-01-10", "close": 15.99, "volume": 121340, "typical_volume": 178419.1, "trend": 18.278, "fair_value": 19.371603, "relative_strength": -7.680907, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.830729, "energy": 15.927451, "activity_lines": [ 17.406, 17.304727, 17.321762, 17.909097 ] }, { "date": "2025-01-17", "close": 16.290001, "volume": 111661, "typical_volume": 143538.4, "trend": 18.244, "fair_value": 19.241731, "relative_strength": -4.746116, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.179965, "energy": 20.875896, "activity_lines": [ 16.91, 17.174909, 17.162, 17.780839 ] }, { "date": "2025-01-24", "close": 16.639999, "volume": 97773, "typical_volume": 138224.3, "trend": 18.213333, "fair_value": 19.107051, "relative_strength": -1.882519, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.065061, "energy": 25.982375, "activity_lines": [ 16.698, 17.112364, 17.062571, 17.677355 ] }, { "date": "2025-01-31", "close": 16.040001, "volume": 66473, "typical_volume": 129964.35, "trend": 18.168333, "fair_value": 18.985513, "relative_strength": -6.648692, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.137981, "energy": 42.99907, "activity_lines": [ 16.383334, 16.923636, 16.926143, 17.53714 ] }, { "date": "2025-02-07", "close": 15.76, "volume": 78636, "typical_volume": 123797.05, "trend": 18.116333, "fair_value": 18.88141, "relative_strength": -8.14288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.471356, "energy": 44.490515, "activity_lines": [ 16.096667, 16.668909, 16.791667, 17.381763 ] }, { "date": "2025-02-14", "close": 14.5, "volume": 85990, "typical_volume": 121760.75, "trend": 18.047333, "fair_value": 18.797756, "relative_strength": -12.784715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.988773, "energy": 51.058884, "activity_lines": [ 15.548667, 16.190364, 16.557191, 17.148452 ] }, { "date": "2025-02-21", "close": 13.45, "volume": 118455, "typical_volume": 122963.05, "trend": 17.915333, "fair_value": 18.733333, "relative_strength": -18.173325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.21093, "energy": 60.573884, "activity_lines": [ 14.75, 15.579091, 16.239143, 16.85185 ] }, { "date": "2025-02-28", "close": 12.16, "volume": 29473, "typical_volume": 119804.5, "trend": 17.640667, "fair_value": 18.648141, "relative_strength": -23.326488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.440438, "energy": 70.674101, "activity_lines": [ 13.710667, 14.830546, 15.819191, 16.480538 ] }, { "date": "2025-03-07", "close": 13.66, "volume": 85164, "typical_volume": 116547.35, "trend": 17.452667, "fair_value": 18.555256, "relative_strength": -15.130179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.46062, "energy": 64.428187, "activity_lines": [ 13.47, 14.462727, 15.571524, 16.22372 ] }, { "date": "2025-03-14", "close": 12.26, "volume": 103863, "typical_volume": 114732.65, "trend": 17.227, "fair_value": 18.44282, "relative_strength": -23.037075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.328492, "energy": 67.349166, "activity_lines": [ 12.921333, 13.916727, 15.215571, 15.88871 ] }, { "date": "2025-03-21", "close": 11.49, "volume": 148594, "typical_volume": 119544.05, "trend": 16.72, "fair_value": 18.307179, "relative_strength": -30.489733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.866224, "energy": 67.857468, "activity_lines": [ 12.349333, 13.337636, 14.799191, 15.518581 ] }, { "date": "2025-03-28", "close": 10.57, "volume": 98929, "typical_volume": 120548.75, "trend": 16.340333, "fair_value": 18.157308, "relative_strength": -36.163981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.67595, "energy": 67.128211, "activity_lines": [ 11.671333, 12.673091, 14.318762, 15.121806 ] }, { "date": "2025-04-04", "close": 12.06, "volume": 101157, "typical_volume": 123427.5, "trend": 16.046667, "fair_value": 18.02532, "relative_strength": -24.863965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.596661, "energy": 59.518264, "activity_lines": [ 11.682, 12.383455, 14.008429, 14.845656 ] }, { "date": "2025-04-11", "close": 12.16, "volume": 42220, "typical_volume": 124232.1, "trend": 15.717, "fair_value": 17.909359, "relative_strength": -23.611633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.16602, "energy": 49.641471, "activity_lines": [ 11.732667, 12.195273, 13.724952, 14.594903 ] }, { "date": "2025-04-18", "close": 12.95, "volume": 55537, "typical_volume": 124261.05, "trend": 15.483333, "fair_value": 17.813205, "relative_strength": -21.775502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.078742, "energy": 39.547134, "activity_lines": [ 12.146667, 12.221273, 13.531238, 14.416387 ] }, { "date": "2025-04-25", "close": 13.7, "volume": 162773, "typical_volume": 113734.95, "trend": 15.341667, "fair_value": 17.723782, "relative_strength": -17.573164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.45662, "energy": 23.638474, "activity_lines": [ 12.764667, 12.434727, 13.423714, 14.301333 ] }, { "date": "2025-05-02", "close": 13.12, "volume": 27124, "typical_volume": 104786.05, "trend": 15.184, "fair_value": 17.645064, "relative_strength": -21.69216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.895604, "energy": 18.85152, "activity_lines": [ 13.042, 12.557273, 13.28, 14.158 ] }, { "date": "2025-05-09", "close": 12.57, "volume": 49405, "typical_volume": 91212.55, "trend": 14.991667, "fair_value": 17.563461, "relative_strength": -23.611324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.693261, "energy": 18.643531, "activity_lines": [ 12.966, 12.585818, 13.110952, 13.989355 ] }, { "date": "2025-05-16", "close": 15.37, "volume": 784495, "typical_volume": 124795.75, "trend": 14.873333, "fair_value": 17.50141, "relative_strength": -10.210365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.315316, "energy": 13.604086, "activity_lines": [ 13.789333, 13.116, 13.234905, 14.013763 ] }, { "date": "2025-05-23", "close": 14.87, "volume": 159748, "typical_volume": 126440.5, "trend": 14.87, "fair_value": 17.44032, "relative_strength": -12.386357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.813752, "energy": 12.354317, "activity_lines": [ 14.232, 13.524182, 13.323095, 14.013548 ] }, { "date": "2025-05-30", "close": 15.52, "volume": 722244, "typical_volume": 156485.7, "trend": 14.839333, "fair_value": 17.383718, "relative_strength": -8.083619, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.535201, "energy": 15.210418, "activity_lines": [ 14.763333, 14.003091, 13.488762, 14.055484 ] }, { "date": "2025-06-06", "close": 16.360001, "volume": 329018, "typical_volume": 167353.55, "trend": 14.835, "fair_value": 17.330577, "relative_strength": -3.96918, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.224932, "energy": 37.343683, "activity_lines": [ 15.453334, 14.561455, 13.736667, 14.153591 ] }, { "date": "2025-06-13", "close": 15.62, "volume": 75762, "typical_volume": 166253.0, "trend": 14.832333, "fair_value": 17.263718, "relative_strength": -7.07876, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.384177, "energy": 42.384006, "activity_lines": [ 15.680667, 14.88, 13.913762, 14.204237 ] }, { "date": "2025-06-20", "close": 15.62, "volume": 2624180, "typical_volume": 294138.35, "trend": 14.846, "fair_value": 17.208077, "relative_strength": -8.238645, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.290475, "energy": 35.110295, "activity_lines": [ 15.704667, 15.133818, 14.095714, 14.255054 ] }, { "date": "2025-06-27", "close": 15.89, "volume": 73006, "typical_volume": 293856.85, "trend": 14.840667, "fair_value": 17.151923, "relative_strength": -8.275193, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.536431, "energy": 26.294116, "activity_lines": [ 15.802, 15.373818, 14.305381, 14.322409 ] }, { "date": "2025-07-04", "close": 16.02, "volume": 57270, "typical_volume": 292420.85, "trend": 14.784667, "fair_value": 17.089872, "relative_strength": -6.654847, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.152886, "energy": 23.324317, "activity_lines": [ 15.874667, 15.584, 14.52681, 14.398495 ] }, { "date": "2025-07-11", "close": 15.79, "volume": 17907, "typical_volume": 287393.45, "trend": 14.684333, "fair_value": 17.01609, "relative_strength": -6.646222, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.784327, "energy": 21.145296, "activity_lines": [ 15.837333, 15.710182, 14.719095, 14.463355 ] }, { "date": "2025-07-18", "close": 15.23, "volume": 43604, "typical_volume": 288100.0, "trend": 14.588667, "fair_value": 16.941603, "relative_strength": -9.132505, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.899879, "energy": 14.850182, "activity_lines": [ 15.651333, 15.686, 14.846905, 14.498559 ] }, { "date": "2025-07-25", "close": 14.71, "volume": 67077, "typical_volume": 287195.65, "trend": 14.483667, "fair_value": 16.851603, "relative_strength": -11.494899, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 36.509932, "energy": 18.960974, "activity_lines": [ 15.318, 15.518909, 14.910571, 14.506387 ] }, { "date": "2025-08-01", "close": 13.62, "volume": 35603, "typical_volume": 283782.65, "trend": 14.333, "fair_value": 16.75782, "relative_strength": -16.496842, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 19.064117, "energy": 14.179159, "activity_lines": [ 14.682, 15.165636, 14.865429, 14.450667 ] }, { "date": "2025-08-08", "close": 13.59, "volume": 27424, "typical_volume": 277724.15, "trend": 14.253, "fair_value": 16.66, "relative_strength": -15.415963, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.309739, "energy": 13.042546, "activity_lines": [ 14.187333, 14.829636, 14.810952, 14.402731 ] }, { "date": "2025-08-15", "close": 13.48, "volume": 20720, "typical_volume": 273813.7, "trend": 14.159333, "fair_value": 16.570769, "relative_strength": -16.457626, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.631572, "energy": 22.456788, "activity_lines": [ 13.818, 14.508727, 14.736, 14.35286 ] }, { "date": "2025-08-22", "close": 13.5, "volume": 13643, "typical_volume": 269438.0, "trend": 14.054667, "fair_value": 16.490641, "relative_strength": -15.820401, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.958359, "energy": 26.013814, "activity_lines": [ 13.609333, 14.243818, 14.649095, 14.310323 ] }, { "date": "2025-08-29", "close": 13.76, "volume": 18210, "typical_volume": 268237.5, "trend": 13.978667, "fair_value": 16.414103, "relative_strength": -11.835353, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.58119, "energy": 30.920161, "activity_lines": [ 13.602667, 14.064727, 14.580095, 14.291312 ] }, { "date": "2025-09-05", "close": 14.25, "volume": 27804, "typical_volume": 266850.85, "trend": 13.928333, "fair_value": 16.333974, "relative_strength": -9.133642, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.945402, "energy": 20.933618, "activity_lines": [ 13.822667, 14.008545, 14.550143, 14.308817 ] }, { "date": "2025-09-12", "close": 13.48, "volume": 36691, "typical_volume": 260546.75, "trend": 13.894333, "fair_value": 16.26109, "relative_strength": -14.45642, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.593731, "energy": 15.016205, "activity_lines": [ 13.744, 13.842182, 14.440667, 14.279893 ] }, { "date": "2025-09-19", "close": 14.99, "volume": 66464, "typical_volume": 262513.75, "trend": 13.945667, "fair_value": 16.196603, "relative_strength": -5.144942, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.297616, "energy": 14.229476, "activity_lines": [ 14.176, 13.996545, 14.476048, 14.350581 ] }, { "date": "2025-09-26", "close": 15.25, "volume": 2796806, "typical_volume": 399883.8, "trend": 14.048667, "fair_value": 16.139551, "relative_strength": -0.662554, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.376534, "energy": 20.136235, "activity_lines": [ 14.594, 14.212727, 14.527286, 14.434731 ] }, { "date": "2025-10-03", "close": 15.54, "volume": 118969, "typical_volume": 366607.5, "trend": 14.111333, "fair_value": 16.085962, "relative_strength": 0.529803, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.214669, "energy": 24.911988, "activity_lines": [ 14.992, 14.481273, 14.593381, 14.530946 ] }, { "date": "2025-10-10", "close": 14.4, "volume": 162461, "typical_volume": 366743.15, "trend": 14.182667, "fair_value": 16.025064, "relative_strength": -7.814338, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.214693, "energy": 21.240383, "activity_lines": [ 14.891333, 14.527455, 14.550095, 14.54957 ] }, { "date": "2025-10-17", "close": 14.28, "volume": 97220, "typical_volume": 335491.95, "trend": 14.275667, "fair_value": 15.978782, "relative_strength": -9.512222, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.794474, "energy": 15.938678, "activity_lines": [ 14.740667, 14.537636, 14.497619, 14.555849 ] }, { "date": "2025-10-24", "close": 14.08, "volume": 77002, "typical_volume": 322891.15, "trend": 14.392667, "fair_value": 15.936026, "relative_strength": -10.87006, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.855233, "energy": 6.062238, "activity_lines": [ 14.47, 14.498909, 14.432, 14.543226 ] }, { "date": "2025-10-31", "close": 14.25, "volume": 120956, "typical_volume": 325150.85, "trend": 14.465667, "fair_value": 15.886987, "relative_strength": -9.188622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.864458, "energy": 6.613244, "activity_lines": [ 14.316667, 14.480182, 14.393429, 14.534022 ] }, { "date": "2025-11-07", "close": 14.49, "volume": 58336, "typical_volume": 196858.65, "trend": 14.543333, "fair_value": 15.841731, "relative_strength": -6.489368, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.178792, "energy": 16.018338, "activity_lines": [ 14.31, 14.491455, 14.384238, 14.535591 ] }, { "date": "2025-11-14", "close": 14.13, "volume": 47584, "typical_volume": 195587.55, "trend": 14.582667, "fair_value": 15.806026, "relative_strength": -9.935757, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.865407, "energy": 18.697556, "activity_lines": [ 14.253333, 14.424, 14.346143, 14.508925 ] }, { "date": "2025-11-21", "close": 13.82, "volume": 45732, "typical_volume": 195010.65, "trend": 14.586667, "fair_value": 15.767051, "relative_strength": -12.150016, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.823544, "energy": 24.965308, "activity_lines": [ 14.111333, 14.302364, 14.286905, 14.45972 ] }, { "date": "2025-11-28", "close": 13.54, "volume": 300494, "typical_volume": 209140.0, "trend": 14.600667, "fair_value": 15.724038, "relative_strength": -13.965872, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.977961, "energy": 30.390589, "activity_lines": [ 13.906667, 14.123636, 14.211476, 14.392194 ] }, { "date": "2025-12-05", "close": 12.92, "volume": 47154, "typical_volume": 209317.5, "trend": 14.612333, "fair_value": 15.678333, "relative_strength": -17.260627, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.422021, "energy": 42.014723, "activity_lines": [ 13.531333, 13.858545, 14.087714, 14.283763 ] }, { "date": "2025-12-12", "close": 13.04, "volume": 45779, "typical_volume": 208252.6, "trend": 14.534667, "fair_value": 15.634679, "relative_strength": -15.339405, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.68679, "energy": 44.990424, "activity_lines": [ 13.284667, 13.657636, 13.986381, 14.182323 ] }, { "date": "2025-12-19", "close": 12.76, "volume": 265478, "typical_volume": 219746.35, "trend": 14.464333, "fair_value": 15.594359, "relative_strength": -16.147793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.804129, "energy": 48.141908, "activity_lines": [ 13.041333, 13.451273, 13.866333, 14.067828 ] }, { "date": "2025-12-26", "close": 12.82, "volume": 34196, "typical_volume": 220084.95, "trend": 14.374333, "fair_value": 15.561474, "relative_strength": -15.282573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.609042, "energy": 54.738707, "activity_lines": [ 12.909333, 13.285636, 13.756095, 13.961742 ] }, { "date": "2026-01-02", "close": 12.9, "volume": 50888, "typical_volume": 221593.35, "trend": 14.259, "fair_value": 15.529103, "relative_strength": -14.932647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.560698, "energy": 45.971602, "activity_lines": [ 12.870667, 13.161091, 13.657143, 13.866624 ] }, { "date": "2026-01-09", "close": 12.49, "volume": 70692, "typical_volume": 224445.8, "trend": 14.154667, "fair_value": 15.493141, "relative_strength": -15.010603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.080362, "energy": 46.477082, "activity_lines": [ 12.738, 12.983455, 13.521905, 13.752495 ] }, { "date": "2026-01-16", "close": 12.12, "volume": 55706, "typical_volume": 226320.6, "trend": 14.038, "fair_value": 15.455449, "relative_strength": -16.920563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.967846, "energy": 45.203115, "activity_lines": [ 12.510667, 12.770545, 13.356238, 13.621226 ] }, { "date": "2026-01-23", "close": 10.61, "volume": 200702, "typical_volume": 234965.5, "trend": 13.862, "fair_value": 15.409038, "relative_strength": -24.638284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.611702, "energy": 58.32, "activity_lines": [ 11.841333, 12.326182, 13.054571, 13.400065 ] }, { "date": "2026-01-30", "close": 10.61, "volume": 38405, "typical_volume": 235051.2, "trend": 13.681667, "fair_value": 15.378333, "relative_strength": -24.770147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.189019, "energy": 68.514866, "activity_lines": [ 11.315333, 11.945818, 12.770238, 13.190258 ] }, { "date": "2026-02-06", "close": 12.04, "volume": 122874, "typical_volume": 237871.7, "trend": 13.556667, "fair_value": 15.356154, "relative_strength": -15.284305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.79739, "energy": 55.379069, "activity_lines": [ 11.413333, 11.883818, 12.635762, 13.084344 ] }, { "date": "2026-02-13", "close": 12.27, "volume": 50624, "typical_volume": 100562.6, "trend": 13.458, "fair_value": 15.339295, "relative_strength": -12.452926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.311389, "energy": 42.373246, "activity_lines": [ 11.645333, 11.890909, 12.537238, 13.001333 ] }, { "date": "2026-02-20", "close": 12.07, "volume": 22897, "typical_volume": 95759.0, "trend": 13.37, "fair_value": 15.341667, "relative_strength": -13.861978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.04123, "energy": 30.317897, "activity_lines": [ 11.825333, 11.873455, 12.433857, 12.911785 ] }, { "date": "2026-02-27", "close": 12.58, "volume": 317094, "typical_volume": 103490.65, "trend": 13.335333, "fair_value": 15.332885, "relative_strength": -8.662265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.966561, "energy": 17.792044, "activity_lines": [ 12.178667, 11.966364, 12.395571, 12.860817 ] }, { "date": "2026-03-06", "close": 10.67, "volume": 53310, "typical_volume": 101295.15, "trend": 13.238, "fair_value": 15.313462, "relative_strength": -19.744963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.470777, "energy": 25.930491, "activity_lines": [ 11.764, 11.715273, 12.184048, 12.68886 ] }, { "date": "2026-03-13", "close": 10.75, "volume": 35223, "typical_volume": 99206.2, "trend": 13.147, "fair_value": 15.300962, "relative_strength": -14.353617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.426786, "energy": 33.598557, "activity_lines": [ 11.372, 11.517818, 11.997333, 12.528344 ] }, { "date": "2026-03-20", "close": 10.4, "volume": 95313, "typical_volume": 97924.05, "trend": 13.043667, "fair_value": 15.281731, "relative_strength": -16.88669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.15213, "energy": 49.105957, "activity_lines": [ 10.949333, 11.295818, 11.793143, 12.351118 ] }, { "date": "2026-03-27", "close": 9.3, "volume": 102558, "typical_volume": 100135.15, "trend": 12.895, "fair_value": 15.242949, "relative_strength": -24.604894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.311304, "energy": 67.442473, "activity_lines": [ 10.284667, 10.911818, 11.502524, 12.109591 ] }, { "date": "2026-04-03", "close": 9.85, "volume": 37268, "typical_volume": 99619.35, "trend": 12.748333, "fair_value": 15.215705, "relative_strength": -19.505676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.197941, "energy": 65.900223, "activity_lines": [ 9.988, 10.679091, 11.289, 11.91314 ] }, { "date": "2026-04-10", "close": 12.01, "volume": 739431, "typical_volume": 134304.3, "trend": 12.699333, "fair_value": 15.200064, "relative_strength": -7.201898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.881483, "energy": 34.516572, "activity_lines": [ 10.593333, 10.852909, 11.301571, 11.865505 ] }, { "date": "2026-04-17", "close": 12.14, "volume": 46165, "typical_volume": 121587.85, "trend": 12.604333, "fair_value": 15.182692, "relative_strength": -7.216915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.358934, "energy": 19.591443, "activity_lines": [ 11.152667, 11.024909, 11.335143, 11.829419 ] }, { "date": "2026-04-24", "close": 11.99, "volume": 96446, "typical_volume": 124052.45, "trend": 12.495667, "fair_value": 15.152179, "relative_strength": -6.387863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.155764, "energy": 16.164961, "activity_lines": [ 11.569333, 11.167818, 11.361095, 11.789785 ] }, { "date": "2026-05-01", "close": 11.92, "volume": 23175, "typical_volume": 122922.25, "trend": 12.375, "fair_value": 15.126667, "relative_strength": -7.180227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.56423, "energy": 19.238707, "activity_lines": [ 11.856667, 11.303091, 11.38481, 11.752645 ] }, { "date": "2026-05-08", "close": 12.03, "volume": 143633, "typical_volume": 116830.0, "trend": 12.296, "fair_value": 15.105064, "relative_strength": -6.928811, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.407641, "energy": 14.110186, "activity_lines": [ 12.006, 11.461091, 11.424333, 11.730387 ] }, { "date": "2026-05-15", "close": 11.14, "volume": 250574, "typical_volume": 127648.9, "trend": 12.191333, "fair_value": 15.080962, "relative_strength": -11.416641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.492902, "energy": 10.309002, "activity_lines": [ 11.713333, 11.467273, 11.382571, 11.655806 ] }, { "date": "2026-05-22", "close": 11.06, "volume": 52252, "typical_volume": 127717.1, "trend": 12.090667, "fair_value": 15.060513, "relative_strength": -11.91336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.528472, "energy": 8.348792, "activity_lines": [ 11.452, 11.450364, 11.34119, 11.582817 ] }, { "date": "2026-05-29", "close": 11.66, "volume": 131058, "typical_volume": 130735.4, "trend": 12.004333, "fair_value": 15.045192, "relative_strength": -6.007801, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.201757, "energy": 10.830459, "activity_lines": [ 11.462667, 11.536909, 11.365714, 11.555032 ] }, { "date": "2026-06-05", "close": 11.04, "volume": 8922, "typical_volume": 128396.2, "trend": 11.889333, "fair_value": 15.021731, "relative_strength": -9.71679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.474733, "energy": 17.739651, "activity_lines": [ 11.288667, 11.487818, 11.335143, 11.492817 ] }, { "date": "2026-06-12", "close": 10.65, "volume": 10193, "typical_volume": 118870.75, "trend": 11.773333, "fair_value": 14.997372, "relative_strength": -13.273615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.202199, "energy": 23.660694, "activity_lines": [ 11.043333, 11.336182, 11.272571, 11.41286 ] }, { "date": "2026-06-19", "close": 10.2, "volume": 8336, "typical_volume": 117367.3, "trend": 11.652667, "fair_value": 14.975256, "relative_strength": -17.687221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.726198, "energy": 41.293255, "activity_lines": [ 10.74, 11.088182, 11.166952, 11.311355 ] }, { "date": "2026-06-26", "close": 10.21, "volume": 0, "typical_volume": 111223.6, "trend": 11.541667, "fair_value": 14.951282, "relative_strength": -17.150286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.14712, "energy": 51.510899, "activity_lines": [ 10.502667, 10.874909, 11.064238, 11.21828 ] }, { "date": "2026-07-03", "close": 9.84, "volume": 10062, "typical_volume": 109195.5, "trend": 11.439, "fair_value": 14.925897, "relative_strength": -20.189064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.913358, "energy": 60.083897, "activity_lines": [ 10.198667, 10.629455, 10.935, 11.108495 ] }, { "date": "2026-07-10", "close": 10.27, "volume": 94275, "typical_volume": 112764.4, "trend": 11.346667, "fair_value": 14.905513, "relative_strength": -15.832667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.534219, "energy": 61.918499, "activity_lines": [ 10.159333, 10.501273, 10.858286, 11.033075 ] }, { "date": "2026-07-17", "close": 10.08, "volume": 45630, "typical_volume": 99191.2, "trend": 11.257333, "fair_value": 14.882308, "relative_strength": -17.204002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.28887, "energy": 56.773796, "activity_lines": [ 10.108, 10.368545, 10.772048, 10.951355 ] }, { "date": "2026-07-24", "close": 9.74, "volume": 58972, "typical_volume": 99474.3, "trend": 11.154667, "fair_value": 14.854038, "relative_strength": -17.510122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.007076, "energy": 57.103362, "activity_lines": [ 9.981333, 10.209455, 10.665333, 10.853462 ] }, { "date": "2026-07-31", "close": 9.82, "volume": 20930, "typical_volume": 98759.65, "trend": 11.052, "fair_value": 14.828205, "relative_strength": -18.455265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.07638, "energy": 45.615812, "activity_lines": [ 9.912, 10.090364, 10.570667, 10.767355 ] }, { "date": "2026-08-07", "close": 10.19, "volume": 67080, "typical_volume": 97348.0, "trend": 10.975333, "fair_value": 14.804103, "relative_strength": -15.556503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.090269, "energy": 35.359532, "activity_lines": [ 9.992, 10.061091, 10.515667, 10.711742 ] } ], "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." } } }