{ "ticker": { "uuid": "57db6793-ba4c-4c87-bbcd-0bd0810da3da", "symbol": "ISAE3", "name": "ISA Energ\u00eda Brasil S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 63.294, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.118, "architecture_energy": 52.641, "architecture_maturity": 12.255, "architecture_confidence": 86.996, "architecture_tenure": "New", "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": 21.31, "rotation_up": 13.73, "upward_expansion": 10.08, "deceleration": 41.4, "rotation_down": 64.51, "downward_expansion": 85.75 }, "activity_lines": [ 31.494667, 31.890727, 32.640396, 32.949605 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 31.5, "trend_reference": 33.269694, "distance_from_trend": -0.053192, "trend_direction": "Improving", "fair_value": 29.691701, "distance_from_fair_value": 0.060903, "fair_value_direction": "Weakening", "relative_strength": -5.412562, "relative_strength_direction": "Improving", "price_momentum": -0.075718, "excess_performance": -0.018669, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.053192, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.002127, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.060903, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.124642, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054126, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005963, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.075718, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.684132, "read": "Supply-led" } ], "volume": { "latest": 8300, "relative_activity": 0.853909, "balance": 0.684132, "dry_up": 0.823045, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.051917, "annualized_volatility": 0.192709, "from_high_reference": -0.106383, "from_low_reference": 0.120424 }, "levels": { "trend_reference": 33.269694, "fair_value_reference": 29.691701, "structural_low": 30.549999, "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": 10, "median_return": 0.008629, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.016305, "regime_survival": 0.7, "best_return": 0.049828, "worst_return": -0.035958, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.013403, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.009584, "regime_survival": 0.25, "best_return": 0.085356, "worst_return": -0.037433, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.044728, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.042495, "regime_survival": 0.333333, "best_return": 0.19993, "worst_return": -0.004367, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.114208, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.019562, "regime_survival": 0.0, "best_return": 0.19469, "worst_return": 0.033727, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-26", "tenure": "Developing", "return": -0.04188, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2025-01-03", "tenure": "Established", "return": -0.011639, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": -0.004695, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": -0.027478, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-06-06", "tenure": "Established", "return": -0.007637, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.016807, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": 0.02, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-10-17", "tenure": "Established", "return": 0.024656, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-11-14", "tenure": "New", "return": 0.038217, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-03-13", "tenure": "Established", "return": 0.052898, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.070564, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-29", "tenure": "Developing", "return": -0.009892, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-07-10", "tenure": "Developing", "return": -0.052117, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.020218, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 26.725176, "volume": 8200, "typical_volume": 8940.0, "trend": 24.758967, "fair_value": 23.395372, "relative_strength": 5.164332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.112385, "energy": 50.58919, "activity_lines": [ 27.11891, 27.062128, 26.212089, 25.539583 ] }, { "date": "2023-08-25", "close": 26.239861, "volume": 6600, "typical_volume": 8940.0, "trend": 24.855207, "fair_value": 23.451829, "relative_strength": 2.819081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.488879, "energy": 36.635172, "activity_lines": [ 26.772883, 26.970898, 26.286551, 25.635124 ] }, { "date": "2023-09-01", "close": 26.420826, "volume": 11300, "typical_volume": 8965.0, "trend": 24.934996, "fair_value": 23.509955, "relative_strength": 1.768256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.145733, "energy": 25.483801, "activity_lines": [ 26.600693, 26.891483, 26.364264, 25.736132 ] }, { "date": "2023-09-08", "close": 26.239861, "volume": 7000, "typical_volume": 8895.0, "trend": 25.027398, "fair_value": 23.567347, "relative_strength": 3.272209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.235041, "energy": 23.306354, "activity_lines": [ 26.413148, 26.751946, 26.412286, 25.820317 ] }, { "date": "2023-09-15", "close": 25.960186, "volume": 17200, "typical_volume": 9405.0, "trend": 25.11459, "fair_value": 23.621629, "relative_strength": -0.709146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.10956, "energy": 21.607991, "activity_lines": [ 26.215183, 26.56455, 26.422705, 25.880496 ] }, { "date": "2023-09-22", "close": 25.812122, "volume": 10600, "typical_volume": 9140.0, "trend": 25.203427, "fair_value": 23.675089, "relative_strength": 1.070348, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.712325, "energy": 14.673711, "activity_lines": [ 26.04683, 26.379098, 26.410092, 25.925499 ] }, { "date": "2023-09-29", "close": 25.49955, "volume": 21900, "typical_volume": 9975.0, "trend": 25.285684, "fair_value": 23.726375, "relative_strength": -0.615368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.205785, "energy": 13.976582, "activity_lines": [ 25.835156, 26.159697, 26.357996, 25.944603 ] }, { "date": "2023-10-06", "close": 24.635857, "volume": 12700, "typical_volume": 10285.0, "trend": 25.30899, "fair_value": 23.772975, "relative_strength": -1.997139, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.353438, "energy": 29.236147, "activity_lines": [ 25.384939, 25.827679, 26.217768, 25.902679 ] }, { "date": "2023-10-13", "close": 24.496017, "volume": 10300, "typical_volume": 10395.0, "trend": 25.346828, "fair_value": 23.818466, "relative_strength": -3.878747, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.619522, "energy": 59.857648, "activity_lines": [ 25.007106, 25.514954, 26.063243, 25.850229 ] }, { "date": "2023-10-20", "close": 24.709887, "volume": 21100, "typical_volume": 11125.0, "trend": 25.397278, "fair_value": 23.864733, "relative_strength": -0.928014, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.347597, "energy": 61.950574, "activity_lines": [ 24.81682, 25.295404, 25.929948, 25.809136 ] }, { "date": "2023-10-27", "close": 24.668758, "volume": 10200, "typical_volume": 11245.0, "trend": 25.461438, "fair_value": 23.913328, "relative_strength": -1.286107, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.784546, "energy": 61.602913, "activity_lines": [ 24.696177, 25.112645, 25.79258, 25.762135 ] }, { "date": "2023-11-03", "close": 25.491323, "volume": 12800, "typical_volume": 11510.0, "trend": 25.534373, "fair_value": 23.957576, "relative_strength": -2.268612, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.946362, "energy": 39.570815, "activity_lines": [ 24.925947, 25.116832, 25.734138, 25.764063 ] }, { "date": "2023-11-10", "close": 26.420826, "volume": 24700, "typical_volume": 12390.0, "trend": 25.621565, "fair_value": 24.007208, "relative_strength": -0.853424, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 2.860171, "energy": 6.576718, "activity_lines": [ 25.466099, 25.30363, 25.762262, 25.821253 ] }, { "date": "2023-11-17", "close": 26.7334, "volume": 10200, "typical_volume": 12450.0, "trend": 25.714789, "fair_value": 24.059507, "relative_strength": -3.17767, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 18.632311, "energy": 20.892613, "activity_lines": [ 25.991445, 25.547259, 25.813026, 25.892985 ] }, { "date": "2023-11-24", "close": 26.322119, "volume": 9000, "typical_volume": 12060.0, "trend": 25.789368, "fair_value": 24.107402, "relative_strength": -4.910409, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 12.671737, "energy": 24.562383, "activity_lines": [ 26.230538, 25.707136, 25.823054, 25.932167 ] }, { "date": "2023-12-01", "close": 26.33857, "volume": 7500, "typical_volume": 11915.0, "trend": 25.874915, "fair_value": 24.154076, "relative_strength": -6.796747, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.166661, "energy": 28.902731, "activity_lines": [ 26.367633, 25.863424, 25.840485, 25.9676 ] }, { "date": "2023-12-08", "close": 26.939037, "volume": 7400, "typical_volume": 11735.0, "trend": 25.964026, "fair_value": 24.199961, "relative_strength": -3.904031, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.981865, "energy": 38.343095, "activity_lines": [ 26.593563, 26.119316, 25.918589, 26.036253 ] }, { "date": "2023-12-15", "close": 28.376978, "volume": 37900, "typical_volume": 13250.0, "trend": 26.095585, "fair_value": 24.244777, "relative_strength": -1.201729, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.396693, "energy": 66.400485, "activity_lines": [ 27.202292, 26.61048, 26.138419, 26.191927 ] }, { "date": "2023-12-22", "close": 30.739527, "volume": 27400, "typical_volume": 13960.0, "trend": 26.29767, "fair_value": 24.30787, "relative_strength": 4.827996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.049225, "energy": 81.03334, "activity_lines": [ 28.468128, 27.463177, 26.57715, 26.491536 ] }, { "date": "2023-12-29", "close": 31.134748, "volume": 5000, "typical_volume": 13950.0, "trend": 26.512929, "fair_value": 24.374178, "relative_strength": 4.900174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.732008, "energy": 88.966337, "activity_lines": [ 29.598628, 28.274215, 27.038009, 26.803606 ] }, { "date": "2024-01-05", "close": 30.792223, "volume": 6100, "typical_volume": 13845.0, "trend": 26.712931, "fair_value": 24.43829, "relative_strength": 5.297705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.042581, "energy": 88.020344, "activity_lines": [ 30.294112, 28.906159, 27.447246, 27.079689 ] }, { "date": "2024-01-12", "close": 32.680511, "volume": 6900, "typical_volume": 13860.0, "trend": 26.96628, "fair_value": 24.512691, "relative_strength": 12.215867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.079554, "energy": 93.757575, "activity_lines": [ 31.322115, 29.770093, 28.016954, 27.464694 ] }, { "date": "2024-01-19", "close": 32.715645, "volume": 5600, "typical_volume": 13575.0, "trend": 27.22601, "fair_value": 24.588905, "relative_strength": 14.800561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.766224, "energy": 90.578035, "activity_lines": [ 31.979064, 30.509702, 28.559337, 27.835621 ] }, { "date": "2024-01-26", "close": 31.178661, "volume": 9600, "typical_volume": 13705.0, "trend": 27.385153, "fair_value": 24.653315, "relative_strength": 7.960243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.6091, "energy": 72.495604, "activity_lines": [ 31.834441, 30.855409, 28.925366, 28.090631 ] }, { "date": "2024-02-02", "close": 29.000549, "volume": 24100, "typical_volume": 14050.0, "trend": 27.43358, "fair_value": 24.706351, "relative_strength": 1.770322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.124767, "energy": 51.366779, "activity_lines": [ 30.934505, 30.724272, 29.060438, 28.19485 ] }, { "date": "2024-02-09", "close": 28.807327, "volume": 19000, "typical_volume": 14470.0, "trend": 27.491469, "fair_value": 24.757558, "relative_strength": 0.356748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.911024, "energy": 31.887458, "activity_lines": [ 30.112441, 30.509305, 29.162629, 28.283479 ] }, { "date": "2024-02-16", "close": 27.665575, "volume": 11200, "typical_volume": 13935.0, "trend": 27.482236, "fair_value": 24.802036, "relative_strength": -4.155941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.351241, "energy": 25.098892, "activity_lines": [ 29.04212, 30.04186, 29.14182, 28.294712 ] }, { "date": "2024-02-23", "close": 28.754635, "volume": 23100, "typical_volume": 14455.0, "trend": 27.537546, "fair_value": 24.848633, "relative_strength": -0.946621, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.594754, "energy": 27.614634, "activity_lines": [ 28.669148, 29.759217, 29.214416, 28.376802 ] }, { "date": "2024-03-01", "close": 28.166185, "volume": 12200, "typical_volume": 14550.0, "trend": 27.560354, "fair_value": 24.894906, "relative_strength": -2.763282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.365458, "energy": 22.672506, "activity_lines": [ 28.364093, 29.362716, 29.211356, 28.417359 ] }, { "date": "2024-03-08", "close": 29.299164, "volume": 9600, "typical_volume": 13975.0, "trend": 27.63217, "fair_value": 24.948023, "relative_strength": 2.830643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.613272, "energy": 16.559922, "activity_lines": [ 28.637529, 29.218999, 29.298721, 28.52954 ] }, { "date": "2024-03-15", "close": 29.905165, "volume": 8200, "typical_volume": 13875.0, "trend": 27.73817, "fair_value": 25.003159, "relative_strength": 5.167868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.864869, "energy": 12.591519, "activity_lines": [ 29.093059, 29.218838, 29.421948, 28.676185 ] }, { "date": "2024-03-22", "close": 29.861254, "volume": 5400, "typical_volume": 13505.0, "trend": 27.858883, "fair_value": 25.054286, "relative_strength": 4.77455, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.970309, "energy": 22.016622, "activity_lines": [ 29.460762, 29.226823, 29.516057, 28.813158 ] }, { "date": "2024-03-29", "close": 29.035679, "volume": 6700, "typical_volume": 12605.0, "trend": 27.946045, "fair_value": 25.098238, "relative_strength": 0.990193, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.09154, "energy": 22.940449, "activity_lines": [ 29.406895, 29.135961, 29.510731, 28.889081 ] }, { "date": "2024-04-05", "close": 28.113487, "volume": 31300, "typical_volume": 13660.0, "trend": 28.008499, "fair_value": 25.133884, "relative_strength": -1.126579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.244324, "energy": 11.37464, "activity_lines": [ 29.026894, 28.944337, 29.405125, 28.899884 ] }, { "date": "2024-04-12", "close": 29.694389, "volume": 11900, "typical_volume": 13805.0, "trend": 28.132972, "fair_value": 25.17799, "relative_strength": 5.0312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.660504, "energy": 16.214533, "activity_lines": [ 29.177374, 29.09588, 29.443509, 29.008651 ] }, { "date": "2024-04-19", "close": 29.334295, "volume": 9100, "typical_volume": 13885.0, "trend": 28.250378, "fair_value": 25.218686, "relative_strength": 4.393626, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.320456, "energy": 12.653181, "activity_lines": [ 29.181474, 29.169336, 29.431541, 29.086155 ] }, { "date": "2024-04-26", "close": 28.737066, "volume": 4800, "typical_volume": 13755.0, "trend": 28.358295, "fair_value": 25.26192, "relative_strength": 1.165366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.51867, "energy": 7.325007, "activity_lines": [ 29.024555, 29.124624, 29.348428, 29.117555 ] }, { "date": "2024-05-03", "close": 29.334295, "volume": 7000, "typical_volume": 12210.0, "trend": 28.51491, "fair_value": 25.306397, "relative_strength": 1.655317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.551197, "energy": 10.494424, "activity_lines": [ 29.141659, 29.169018, 29.313632, 29.180522 ] }, { "date": "2024-05-10", "close": 29.422121, "volume": 8300, "typical_volume": 11255.0, "trend": 28.679113, "fair_value": 25.354023, "relative_strength": 2.625723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.304943, "energy": 12.923279, "activity_lines": [ 29.268131, 29.21884, 29.282641, 29.239052 ] }, { "date": "2024-05-17", "close": 31.670502, "volume": 11700, "typical_volume": 11590.0, "trend": 28.911134, "fair_value": 25.411274, "relative_strength": 9.743959, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.75429, "energy": 45.875722, "activity_lines": [ 30.05682, 29.654624, 29.472056, 29.432045 ] }, { "date": "2024-05-24", "close": 31.582664, "volume": 7500, "typical_volume": 11660.0, "trend": 29.141597, "fair_value": 25.466048, "relative_strength": 12.5214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.264907, "energy": 63.84453, "activity_lines": [ 30.68449, 30.031322, 29.650554, 29.604402 ] }, { "date": "2024-05-31", "close": 29.685598, "volume": 9000, "typical_volume": 11765.0, "trend": 29.281406, "fair_value": 25.503634, "relative_strength": 7.456556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.954746, "energy": 54.003846, "activity_lines": [ 30.529913, 30.032599, 29.644615, 29.639498 ] }, { "date": "2024-06-07", "close": 29.334295, "volume": 11800, "typical_volume": 12075.0, "trend": 29.378522, "fair_value": 25.540835, "relative_strength": 7.072745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.22767, "energy": 40.908593, "activity_lines": [ 30.194999, 29.973196, 29.61948, 29.642911 ] }, { "date": "2024-06-14", "close": 29.149855, "volume": 4100, "typical_volume": 11800.0, "trend": 29.459071, "fair_value": 25.575466, "relative_strength": 7.087787, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.518546, "energy": 8.636472, "activity_lines": [ 29.798605, 29.874829, 29.592881, 29.628158 ] }, { "date": "2024-06-21", "close": 30.247696, "volume": 7400, "typical_volume": 10965.0, "trend": 29.589923, "fair_value": 25.619672, "relative_strength": 9.215916, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.472369, "energy": 18.018005, "activity_lines": [ 29.78631, 29.957227, 29.680499, 29.679037 ] }, { "date": "2024-06-28", "close": 29.9403, "volume": 7100, "typical_volume": 10370.0, "trend": 29.709981, "fair_value": 25.658412, "relative_strength": 5.7066, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.220501, "energy": 5.206078, "activity_lines": [ 29.766402, 29.973675, 29.732903, 29.701642 ] }, { "date": "2024-07-05", "close": 30.335514, "volume": 5500, "typical_volume": 10085.0, "trend": 29.823197, "fair_value": 25.699157, "relative_strength": 5.024538, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.309601, "energy": 5.740738, "activity_lines": [ 29.987724, 30.050961, 29.81755, 29.741999 ] }, { "date": "2024-07-12", "close": 29.334295, "volume": 6700, "typical_volume": 9265.0, "trend": 29.855107, "fair_value": 25.732463, "relative_strength": -0.493919, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.37638, "energy": 5.24082, "activity_lines": [ 29.831979, 29.917145, 29.79413, 29.710457 ] }, { "date": "2024-07-19", "close": 27.929052, "volume": 25800, "typical_volume": 9945.0, "trend": 29.761425, "fair_value": 25.754282, "relative_strength": -4.200308, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.996853, "energy": 33.170446, "activity_lines": [ 29.207819, 29.52783, 29.634117, 29.586195 ] }, { "date": "2024-07-26", "close": 27.929052, "volume": 10200, "typical_volume": 9975.0, "trend": 29.654568, "fair_value": 25.784559, "relative_strength": -4.05562, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.1247, "energy": 51.595944, "activity_lines": [ 28.665045, 29.165662, 29.475233, 29.467978 ] }, { "date": "2024-08-02", "close": 27.920273, "volume": 10800, "typical_volume": 10105.0, "trend": 29.558837, "fair_value": 25.813808, "relative_strength": -2.771013, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.456714, "energy": 65.642855, "activity_lines": [ 28.273922, 28.869924, 29.322037, 29.356088 ] }, { "date": "2024-08-09", "close": 28.166185, "volume": 15200, "typical_volume": 10595.0, "trend": 29.408359, "fair_value": 25.844827, "relative_strength": -5.37612, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.347778, "energy": 67.530431, "activity_lines": [ 28.099438, 28.685486, 29.201713, 29.266239 ] }, { "date": "2024-08-16", "close": 28.122274, "volume": 19500, "typical_volume": 11235.0, "trend": 29.255247, "fair_value": 25.874399, "relative_strength": -7.709477, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.832738, "energy": 67.201888, "activity_lines": [ 28.054939, 28.52069, 29.085279, 29.183266 ] }, { "date": "2024-08-23", "close": 28.49115, "volume": 17000, "typical_volume": 10520.0, "trend": 29.165663, "fair_value": 25.902349, "relative_strength": -7.511608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.488775, "energy": 51.267278, "activity_lines": [ 28.2142, 28.444999, 29.008326, 29.133969 ] }, { "date": "2024-08-30", "close": 28.333061, "volume": 7700, "typical_volume": 10310.0, "trend": 29.143413, "fair_value": 25.932202, "relative_strength": -8.169902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.417058, "energy": 35.507713, "activity_lines": [ 28.283291, 28.352541, 28.914518, 29.080253 ] }, { "date": "2024-09-06", "close": 27.885145, "volume": 16600, "typical_volume": 10685.0, "trend": 29.112674, "fair_value": 25.955635, "relative_strength": -8.50215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.697399, "energy": 38.852586, "activity_lines": [ 28.176143, 28.213456, 28.784534, 28.999074 ] }, { "date": "2024-09-13", "close": 27.850008, "volume": 11300, "typical_volume": 11010.0, "trend": 29.118822, "fair_value": 25.979572, "relative_strength": -8.733534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.372559, "energy": 39.663708, "activity_lines": [ 28.059625, 28.105348, 28.658104, 28.917612 ] }, { "date": "2024-09-20", "close": 27.665575, "volume": 8400, "typical_volume": 11080.0, "trend": 29.08252, "fair_value": 26.003008, "relative_strength": -6.606941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.518192, "energy": 58.608412, "activity_lines": [ 27.902708, 28.008898, 28.518334, 28.823854 ] }, { "date": "2024-09-27", "close": 27.314266, "volume": 10200, "typical_volume": 11175.0, "trend": 29.054123, "fair_value": 26.020885, "relative_strength": -8.848964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.352931, "energy": 76.042524, "activity_lines": [ 27.659134, 27.878914, 28.353051, 28.709773 ] }, { "date": "2024-10-04", "close": 27.516268, "volume": 10000, "typical_volume": 11090.0, "trend": 28.994693, "fair_value": 26.036898, "relative_strength": -7.466166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.557932, "energy": 72.917796, "activity_lines": [ 27.561353, 27.796836, 28.217045, 28.610557 ] }, { "date": "2024-10-11", "close": 27.814877, "volume": 10600, "typical_volume": 11245.0, "trend": 28.925016, "fair_value": 26.055506, "relative_strength": -5.185769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.303478, "energy": 63.385436, "activity_lines": [ 27.617561, 27.776555, 28.129259, 28.53444 ] }, { "date": "2024-10-18", "close": 27.191307, "volume": 11400, "typical_volume": 11365.0, "trend": 28.836018, "fair_value": 26.074394, "relative_strength": -7.592667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.89546, "energy": 66.086851, "activity_lines": [ 27.470597, 27.644814, 28.000028, 28.422588 ] }, { "date": "2024-10-25", "close": 27.006872, "volume": 5700, "typical_volume": 11060.0, "trend": 28.768391, "fair_value": 26.089913, "relative_strength": -7.71404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.690819, "energy": 56.135646, "activity_lines": [ 27.306068, 27.497265, 27.865109, 28.304578 ] }, { "date": "2024-11-01", "close": 26.875128, "volume": 8900, "typical_volume": 11300.0, "trend": 28.727113, "fair_value": 26.111071, "relative_strength": -6.84659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.300886, "energy": 55.685082, "activity_lines": [ 27.141538, 27.346042, 27.728725, 28.182432 ] }, { "date": "2024-11-08", "close": 26.901476, "volume": 14300, "typical_volume": 11645.0, "trend": 28.634016, "fair_value": 26.125512, "relative_strength": -6.474581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.41883, "energy": 52.959994, "activity_lines": [ 27.015067, 27.228993, 27.605684, 28.064649 ] }, { "date": "2024-11-15", "close": 27.006872, "volume": 8400, "typical_volume": 11710.0, "trend": 28.556435, "fair_value": 26.130302, "relative_strength": -6.060761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.934482, "energy": 47.477146, "activity_lines": [ 26.964713, 27.157134, 27.508614, 27.959672 ] }, { "date": "2024-11-22", "close": 27.454788, "volume": 1700, "typical_volume": 11520.0, "trend": 28.513692, "fair_value": 26.147177, "relative_strength": -5.513181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.504649, "energy": 37.716325, "activity_lines": [ 27.117532, 27.182684, 27.468172, 27.888598 ] }, { "date": "2024-11-29", "close": 27.735834, "volume": 21600, "typical_volume": 12265.0, "trend": 28.46041, "fair_value": 26.163221, "relative_strength": -2.045772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.138078, "energy": 23.001145, "activity_lines": [ 27.346468, 27.266519, 27.468213, 27.838414 ] }, { "date": "2024-12-06", "close": 27.252785, "volume": 20800, "typical_volume": 12015.0, "trend": 28.388099, "fair_value": 26.192115, "relative_strength": -4.000438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.506959, "energy": 17.979346, "activity_lines": [ 27.36579, 27.261249, 27.429862, 27.760502 ] }, { "date": "2024-12-13", "close": 27.252785, "volume": 42700, "typical_volume": 13640.0, "trend": 28.240842, "fair_value": 26.210378, "relative_strength": -2.978924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.56913, "energy": 16.425186, "activity_lines": [ 27.359934, 27.257097, 27.394731, 27.687256 ] }, { "date": "2024-12-20", "close": 26.883909, "volume": 17100, "typical_volume": 13955.0, "trend": 28.084217, "fair_value": 26.227945, "relative_strength": -2.229804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.972192, "energy": 20.60003, "activity_lines": [ 27.2077, 27.190667, 27.32769, 27.599712 ] }, { "date": "2024-12-27", "close": 26.488686, "volume": 11800, "typical_volume": 13785.0, "trend": 27.977653, "fair_value": 26.241961, "relative_strength": -2.100431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.71534, "energy": 33.032613, "activity_lines": [ 26.931922, 27.069306, 27.227943, 27.496775 ] }, { "date": "2025-01-03", "close": 27.59531, "volume": 25000, "typical_volume": 14060.0, "trend": 27.919687, "fair_value": 26.264546, "relative_strength": 3.487027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.478444, "energy": 23.331381, "activity_lines": [ 27.089425, 27.161923, 27.241577, 27.472108 ] }, { "date": "2025-01-10", "close": 28.772831, "volume": 21500, "typical_volume": 14285.0, "trend": 27.907119, "fair_value": 26.301247, "relative_strength": 7.67791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.721267, "energy": 4.150781, "activity_lines": [ 27.648804, 27.457936, 27.369865, 27.527149 ] }, { "date": "2025-01-17", "close": 28.223488, "volume": 15700, "typical_volume": 14685.0, "trend": 27.839646, "fair_value": 26.329947, "relative_strength": 2.831329, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.73195, "energy": 17.244057, "activity_lines": [ 27.923732, 27.619566, 27.444493, 27.54756 ] }, { "date": "2025-01-24", "close": 28.637743, "volume": 21700, "typical_volume": 14940.0, "trend": 27.796227, "fair_value": 26.356923, "relative_strength": 4.328457, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.866627, "energy": 30.479898, "activity_lines": [ 28.272031, 27.832477, 27.559096, 27.59905 ] }, { "date": "2025-01-31", "close": 29.169079, "volume": 17800, "typical_volume": 15265.0, "trend": 27.757346, "fair_value": 26.388579, "relative_strength": 3.128565, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.285796, "energy": 53.411692, "activity_lines": [ 28.68052, 28.112343, 27.720719, 27.687621 ] }, { "date": "2025-02-07", "close": 28.367579, "volume": 13900, "typical_volume": 15540.0, "trend": 27.725122, "fair_value": 26.411329, "relative_strength": 1.492091, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.270268, "energy": 58.261064, "activity_lines": [ 28.64315, 28.215313, 27.799727, 27.726991 ] }, { "date": "2025-02-14", "close": 29.274767, "volume": 18900, "typical_volume": 15975.0, "trend": 27.769979, "fair_value": 26.436637, "relative_strength": 1.680238, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.77439, "energy": 61.501615, "activity_lines": [ 28.856691, 28.47174, 27.961791, 27.826968 ] }, { "date": "2025-02-21", "close": 29.30246, "volume": 15000, "typical_volume": 16225.0, "trend": 27.815759, "fair_value": 26.456522, "relative_strength": 2.576828, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.430156, "energy": 62.725417, "activity_lines": [ 29.046, 28.696439, 28.117157, 27.925838 ] }, { "date": "2025-02-28", "close": 29.210165, "volume": 7900, "typical_volume": 16090.0, "trend": 27.858756, "fair_value": 26.473167, "relative_strength": 5.679101, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.225471, "energy": 55.997367, "activity_lines": [ 29.132614, 28.867089, 28.255227, 28.0158 ] }, { "date": "2025-03-07", "close": 29.348598, "volume": 11800, "typical_volume": 16110.0, "trend": 27.89817, "fair_value": 26.487697, "relative_strength": 4.244161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.634649, "energy": 60.894475, "activity_lines": [ 29.22721, 29.020614, 28.399837, 28.111919 ] }, { "date": "2025-03-14", "close": 29.230988, "volume": 20300, "typical_volume": 16840.0, "trend": 27.935127, "fair_value": 26.502949, "relative_strength": 0.748578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.409404, "energy": 54.840895, "activity_lines": [ 29.270634, 29.100757, 28.522973, 28.197907 ] }, { "date": "2025-03-21", "close": 29.713593, "volume": 16800, "typical_volume": 17235.0, "trend": 27.975875, "fair_value": 26.517782, "relative_strength": -0.119611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.476292, "energy": 51.127343, "activity_lines": [ 29.417367, 29.238907, 28.681481, 28.312647 ] }, { "date": "2025-03-28", "close": 29.770372, "volume": 12900, "typical_volume": 17165.0, "trend": 28.023785, "fair_value": 26.534252, "relative_strength": 0.415529, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.736163, "energy": 49.715969, "activity_lines": [ 29.55377, 29.370275, 28.831879, 28.428421 ] }, { "date": "2025-04-04", "close": 28.843002, "volume": 17300, "typical_volume": 17610.0, "trend": 28.055714, "fair_value": 26.541264, "relative_strength": 0.796874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.795112, "energy": 37.111344, "activity_lines": [ 29.349857, 29.304906, 28.880296, 28.481273 ] }, { "date": "2025-04-11", "close": 30.470631, "volume": 26800, "typical_volume": 18865.0, "trend": 28.143068, "fair_value": 26.564004, "relative_strength": 6.10355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.64448, "energy": 48.562594, "activity_lines": [ 29.712964, 29.531737, 29.074981, 28.637074 ] }, { "date": "2025-04-18", "close": 30.196207, "volume": 15300, "typical_volume": 18550.0, "trend": 28.227422, "fair_value": 26.584985, "relative_strength": 3.56549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.051873, "energy": 44.185228, "activity_lines": [ 29.909793, 29.685008, 29.229169, 28.769535 ] }, { "date": "2025-04-25", "close": 30.376001, "volume": 6800, "typical_volume": 17850.0, "trend": 28.32948, "fair_value": 26.60773, "relative_strength": 0.261659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.651155, "energy": 45.864436, "activity_lines": [ 30.102207, 29.837721, 29.388764, 28.908153 ] }, { "date": "2025-05-02", "close": 30.565258, "volume": 6900, "typical_volume": 16060.0, "trend": 28.431113, "fair_value": 26.641259, "relative_strength": 0.609355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.534644, "energy": 62.099344, "activity_lines": [ 30.313545, 30.004822, 29.551512, 29.052397 ] }, { "date": "2025-05-09", "close": 30.120501, "volume": 14700, "typical_volume": 15940.0, "trend": 28.507967, "fair_value": 26.671988, "relative_strength": -1.771928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.655387, "energy": 45.446384, "activity_lines": [ 30.323639, 30.068099, 29.656128, 29.16139 ] }, { "date": "2025-05-16", "close": 30.234056, "volume": 11400, "typical_volume": 15920.0, "trend": 28.609392, "fair_value": 26.707008, "relative_strength": -3.048236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.503712, "energy": 41.844925, "activity_lines": [ 30.286418, 30.13547, 29.756146, 29.27275 ] }, { "date": "2025-05-23", "close": 29.713593, "volume": 22100, "typical_volume": 15775.0, "trend": 28.699616, "fair_value": 26.732787, "relative_strength": -3.456037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.600095, "energy": 28.741391, "activity_lines": [ 30.091481, 30.092112, 29.788762, 29.343989 ] }, { "date": "2025-05-30", "close": 30.234056, "volume": 9000, "typical_volume": 15150.0, "trend": 28.81158, "fair_value": 26.768367, "relative_strength": -1.001897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.384578, "energy": 24.773979, "activity_lines": [ 30.102205, 30.134609, 29.860858, 29.442985 ] }, { "date": "2025-06-06", "close": 29.051191, "volume": 13700, "typical_volume": 15050.0, "trend": 28.883238, "fair_value": 26.801863, "relative_strength": -3.984585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.401915, "energy": 13.245341, "activity_lines": [ 29.728105, 29.952577, 29.813342, 29.458444 ] }, { "date": "2025-06-13", "close": 28.15221, "volume": 23500, "typical_volume": 15140.0, "trend": 28.921416, "fair_value": 26.828935, "relative_strength": -7.401294, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.35917, "energy": 15.588024, "activity_lines": [ 29.155282, 29.62017, 29.676268, 29.411281 ] }, { "date": "2025-06-20", "close": 28.445562, "volume": 9300, "typical_volume": 14715.0, "trend": 28.954441, "fair_value": 26.857276, "relative_strength": -6.029103, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.714764, "energy": 24.642103, "activity_lines": [ 28.811462, 29.353659, 29.569443, 29.38058 ] }, { "date": "2025-06-27", "close": 28.62536, "volume": 8300, "typical_volume": 14435.0, "trend": 28.984092, "fair_value": 26.888043, "relative_strength": -4.993546, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.567782, "energy": 28.820287, "activity_lines": [ 28.646808, 29.156659, 29.483188, 29.359349 ] }, { "date": "2025-07-04", "close": 29.335079, "volume": 15000, "typical_volume": 14240.0, "trend": 29.053502, "fair_value": 26.926617, "relative_strength": -5.540398, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.349187, "energy": 28.167262, "activity_lines": [ 28.791275, 29.117259, 29.463298, 29.381994 ] }, { "date": "2025-07-11", "close": 29.921782, "volume": 13300, "typical_volume": 14155.0, "trend": 29.142469, "fair_value": 26.969105, "relative_strength": 0.161089, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 16.760784, "energy": 11.507525, "activity_lines": [ 29.191243, 29.203458, 29.498997, 29.438012 ] }, { "date": "2025-07-18", "close": 29.552725, "volume": 6800, "typical_volume": 14100.0, "trend": 29.231429, "fair_value": 27.008616, "relative_strength": 0.982074, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 25.928232, "energy": 14.356871, "activity_lines": [ 29.410151, 29.234255, 29.496598, 29.46448 ] }, { "date": "2025-07-25", "close": 28.634821, "volume": 8800, "typical_volume": 13950.0, "trend": 29.302967, "fair_value": 27.042243, "relative_strength": -2.218959, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.261601, "energy": 10.585398, "activity_lines": [ 29.229725, 29.108484, 29.405149, 29.425989 ] }, { "date": "2025-08-01", "close": 28.861933, "volume": 8900, "typical_volume": 13380.0, "trend": 29.345188, "fair_value": 27.079821, "relative_strength": -0.600366, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.249037, "energy": 6.867527, "activity_lines": [ 29.112384, 29.053083, 29.338728, 29.397535 ] }, { "date": "2025-08-08", "close": 29.212061, "volume": 8300, "typical_volume": 12955.0, "trend": 29.359829, "fair_value": 27.114043, "relative_strength": -1.961427, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.483977, "energy": 7.971955, "activity_lines": [ 29.095982, 29.076827, 29.307411, 29.388946 ] }, { "date": "2025-08-15", "close": 28.937634, "volume": 14300, "typical_volume": 13025.0, "trend": 29.383634, "fair_value": 27.144775, "relative_strength": -3.206857, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.597187, "energy": 28.371844, "activity_lines": [ 28.996305, 29.069256, 29.252345, 29.361708 ] }, { "date": "2025-08-22", "close": 28.492874, "volume": 9100, "typical_volume": 12615.0, "trend": 29.378805, "fair_value": 27.168684, "relative_strength": -5.788837, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.687656, "energy": 35.254529, "activity_lines": [ 28.813985, 28.982885, 29.158887, 29.30424 ] }, { "date": "2025-08-29", "close": 28.871395, "volume": 14400, "typical_volume": 11995.0, "trend": 29.368882, "fair_value": 27.190846, "relative_strength": -6.834665, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.986355, "energy": 28.163757, "activity_lines": [ 28.828495, 28.959141, 29.103146, 29.271504 ] }, { "date": "2025-09-05", "close": 29.514879, "volume": 9000, "typical_volume": 11680.0, "trend": 29.407125, "fair_value": 27.221053, "relative_strength": -5.569025, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.393191, "energy": 17.531766, "activity_lines": [ 29.041728, 29.044653, 29.116305, 29.280923 ] }, { "date": "2025-09-12", "close": 29.155285, "volume": 11100, "typical_volume": 11895.0, "trend": 29.403142, "fair_value": 27.248089, "relative_strength": -6.465517, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.801509, "energy": 13.801619, "activity_lines": [ 29.091567, 29.04861, 29.09846, 29.264675 ] }, { "date": "2025-09-19", "close": 28.861933, "volume": 11500, "typical_volume": 12125.0, "trend": 29.388458, "fair_value": 27.273244, "relative_strength": -9.582545, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.717484, "energy": 14.647336, "activity_lines": [ 29.047407, 29.0025, 29.058491, 29.229758 ] }, { "date": "2025-09-26", "close": 29.098505, "volume": 16600, "typical_volume": 12220.0, "trend": 29.384736, "fair_value": 27.304295, "relative_strength": -8.53342, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.967332, "energy": 13.282359, "activity_lines": [ 29.087151, 29.018673, 29.049163, 29.211052 ] }, { "date": "2025-10-03", "close": 29.316151, "volume": 10400, "typical_volume": 12170.0, "trend": 29.383655, "fair_value": 27.333838, "relative_strength": -7.008191, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.217837, "energy": 6.428879, "activity_lines": [ 29.159068, 29.082677, 29.06543, 29.206627 ] }, { "date": "2025-10-10", "close": 29.855541, "volume": 9500, "typical_volume": 11540.0, "trend": 29.404473, "fair_value": 27.372491, "relative_strength": -2.912015, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.020707, "energy": 8.188612, "activity_lines": [ 29.381132, 29.232363, 29.137439, 29.237071 ] }, { "date": "2025-10-17", "close": 30.281372, "volume": 8800, "typical_volume": 11530.0, "trend": 29.423399, "fair_value": 27.408985, "relative_strength": -3.418224, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.458342, "energy": 34.689157, "activity_lines": [ 29.722428, 29.441408, 29.249327, 29.293645 ] }, { "date": "2025-10-24", "close": 30.290831, "volume": 6200, "typical_volume": 11155.0, "trend": 29.440748, "fair_value": 27.448901, "relative_strength": -5.215117, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.717428, "energy": 47.450402, "activity_lines": [ 29.991805, 29.632731, 29.36189, 29.349609 ] }, { "date": "2025-10-31", "close": 29.542475, "volume": 15900, "typical_volume": 10775.0, "trend": 29.464063, "fair_value": 27.481932, "relative_strength": -9.541749, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.567908, "energy": 42.465494, "activity_lines": [ 29.91647, 29.663385, 29.397279, 29.356172 ] }, { "date": "2025-11-07", "close": 30.276274, "volume": 12700, "typical_volume": 10945.0, "trend": 29.457585, "fair_value": 27.524197, "relative_strength": -9.906601, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.903512, "energy": 42.430291, "activity_lines": [ 30.056137, 29.808373, 29.495932, 29.408572 ] }, { "date": "2025-11-14", "close": 31.448441, "volume": 22500, "typical_volume": 11655.0, "trend": 29.499326, "fair_value": 27.572195, "relative_strength": -8.502316, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.887899, "energy": 62.816351, "activity_lines": [ 30.522517, 30.14094, 29.697503, 29.537015 ] }, { "date": "2025-11-21", "close": 30.943361, "volume": 13600, "typical_volume": 11585.0, "trend": 29.518238, "fair_value": 27.613849, "relative_strength": -8.141914, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.238345, "energy": 55.984747, "activity_lines": [ 30.714345, 30.346518, 29.837528, 29.630178 ] }, { "date": "2025-11-28", "close": 31.657337, "volume": 9000, "typical_volume": 11370.0, "trend": 29.554641, "fair_value": 27.673114, "relative_strength": -8.388373, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.587809, "energy": 72.609252, "activity_lines": [ 31.100032, 30.6494, 30.037892, 29.768185 ] }, { "date": "2025-12-05", "close": 32.61694, "volume": 11700, "typical_volume": 11615.0, "trend": 29.637855, "fair_value": 27.734965, "relative_strength": -4.512883, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.286678, "energy": 80.876833, "activity_lines": [ 31.714486, 31.075929, 30.321383, 29.965752 ] }, { "date": "2025-12-12", "close": 31.283091, "volume": 10900, "typical_volume": 11720.0, "trend": 29.672823, "fair_value": 27.792951, "relative_strength": -10.160979, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.280028, "energy": 67.130872, "activity_lines": [ 31.679359, 31.195969, 30.463248, 30.071897 ] }, { "date": "2025-12-19", "close": 32.365417, "volume": 8700, "typical_volume": 11710.0, "trend": 29.761217, "fair_value": 27.847997, "relative_strength": -5.574201, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.033517, "energy": 70.472909, "activity_lines": [ 31.937887, 31.477033, 30.695582, 30.245612 ] }, { "date": "2025-12-26", "close": 32.693905, "volume": 6500, "typical_volume": 11620.0, "trend": 29.843212, "fair_value": 27.904924, "relative_strength": -5.910239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.246457, "energy": 65.258963, "activity_lines": [ 32.244779, 31.772187, 30.942516, 30.434818 ] }, { "date": "2026-01-02", "close": 33.09235, "volume": 7200, "typical_volume": 11265.0, "trend": 29.977917, "fair_value": 27.965565, "relative_strength": -4.323922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.316058, "energy": 58.719884, "activity_lines": [ 32.567783, 32.095922, 31.210818, 30.64444 ] }, { "date": "2026-01-09", "close": 33.384338, "volume": 12900, "typical_volume": 11455.0, "trend": 30.152322, "fair_value": 28.032982, "relative_strength": -4.831777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.614175, "energy": 68.093625, "activity_lines": [ 32.892449, 32.421809, 31.487144, 30.864209 ] }, { "date": "2026-01-16", "close": 33.30648, "volume": 13400, "typical_volume": 11405.0, "trend": 30.314352, "fair_value": 28.097211, "relative_strength": -5.636088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.814036, "energy": 66.893495, "activity_lines": [ 33.140002, 32.663689, 31.732762, 31.067703 ] }, { "date": "2026-01-23", "close": 33.773666, "volume": 20100, "typical_volume": 11960.0, "trend": 30.485963, "fair_value": 28.164012, "relative_strength": -11.475774, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.231591, "energy": 70.226985, "activity_lines": [ 33.408391, 32.935416, 32.001754, 31.290884 ] }, { "date": "2026-01-30", "close": 33.041229, "volume": 36700, "typical_volume": 13240.0, "trend": 30.609501, "fair_value": 28.221794, "relative_strength": -14.212221, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.374954, "energy": 52.696812, "activity_lines": [ 33.338752, 33.031696, 32.180711, 31.45574 ] }, { "date": "2026-02-06", "close": 34.080502, "volume": 15200, "typical_volume": 13425.0, "trend": 30.748125, "fair_value": 28.289825, "relative_strength": -11.951249, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.716109, "energy": 56.192292, "activity_lines": [ 33.592381, 33.278792, 32.440141, 31.679676 ] }, { "date": "2026-02-13", "close": 34.286396, "volume": 18000, "typical_volume": 13495.0, "trend": 30.905914, "fair_value": 28.359965, "relative_strength": -12.736145, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.895694, "energy": 56.254077, "activity_lines": [ 33.848766, 33.519265, 32.694331, 31.907951 ] }, { "date": "2026-02-20", "close": 34.580536, "volume": 7000, "typical_volume": 13325.0, "trend": 31.104104, "fair_value": 28.433257, "relative_strength": -13.480615, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.626784, "energy": 57.913669, "activity_lines": [ 34.14306, 33.782865, 32.951829, 32.145024 ] }, { "date": "2026-02-27", "close": 33.861404, "volume": 27800, "typical_volume": 14240.0, "trend": 31.270753, "fair_value": 28.502677, "relative_strength": -14.034792, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.078216, "energy": 52.673522, "activity_lines": [ 34.112706, 33.85576, 33.11577, 32.322914 ] }, { "date": "2026-03-06", "close": 32.093777, "volume": 16800, "typical_volume": 14640.0, "trend": 31.366811, "fair_value": 28.554967, "relative_strength": -13.79905, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.346032, "energy": 31.91624, "activity_lines": [ 33.487294, 33.580068, 33.09229, 32.376012 ] }, { "date": "2026-03-13", "close": 32.580193, "volume": 13400, "typical_volume": 15000.0, "trend": 31.488229, "fair_value": 28.614065, "relative_strength": -11.293605, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.59625, "energy": 20.561385, "activity_lines": [ 33.087184, 33.403727, 33.106505, 32.454295 ] }, { "date": "2026-03-20", "close": 32.23307, "volume": 9400, "typical_volume": 14675.0, "trend": 31.612902, "fair_value": 28.671992, "relative_strength": -11.18085, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.583362, "energy": 21.796123, "activity_lines": [ 32.671386, 33.173585, 33.076758, 32.502349 ] }, { "date": "2026-03-27", "close": 33.929024, "volume": 19100, "typical_volume": 14995.0, "trend": 31.78149, "fair_value": 28.743691, "relative_strength": -8.926226, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.770656, "energy": 25.098341, "activity_lines": [ 32.957796, 33.27273, 33.195719, 32.651777 ] }, { "date": "2026-04-03", "close": 34.018284, "volume": 4900, "typical_volume": 14115.0, "trend": 31.931604, "fair_value": 28.812377, "relative_strength": -11.460771, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.258756, "energy": 20.651744, "activity_lines": [ 33.317393, 33.376786, 33.305787, 32.796086 ] }, { "date": "2026-04-10", "close": 34.50758, "volume": 15400, "typical_volume": 14205.0, "trend": 32.110013, "fair_value": 28.880983, "relative_strength": -13.89064, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.87389, "energy": 37.316431, "activity_lines": [ 33.829629, 33.565356, 33.450217, 32.962278 ] }, { "date": "2026-04-17", "close": 34.238689, "volume": 12900, "typical_volume": 14400.0, "trend": 32.289239, "fair_value": 28.947022, "relative_strength": -13.39208, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.306138, "energy": 49.772335, "activity_lines": [ 34.091316, 33.678377, 33.552066, 33.099612 ] }, { "date": "2026-04-24", "close": 34.610001, "volume": 10100, "typical_volume": 14320.0, "trend": 32.472955, "fair_value": 29.014491, "relative_strength": -9.785085, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.392787, "energy": 58.332375, "activity_lines": [ 34.366206, 33.856032, 33.676985, 33.249338 ] }, { "date": "2026-05-01", "close": 34.799999, "volume": 9300, "typical_volume": 14240.0, "trend": 32.65575, "fair_value": 29.085183, "relative_strength": -7.272049, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.247196, "energy": 62.243343, "activity_lines": [ 34.545967, 34.062349, 33.810509, 33.39947 ] }, { "date": "2026-05-08", "close": 34.560001, "volume": 10200, "typical_volume": 14315.0, "trend": 32.812565, "fair_value": 29.151172, "relative_strength": -6.008878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.008272, "energy": 49.670023, "activity_lines": [ 34.587664, 34.22104, 33.904429, 33.522325 ] }, { "date": "2026-05-15", "close": 33.810001, "volume": 7300, "typical_volume": 14355.0, "trend": 32.930186, "fair_value": 29.211298, "relative_strength": -4.264871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.904306, "energy": 33.31107, "activity_lines": [ 34.343246, 34.230665, 33.91647, 33.586676 ] }, { "date": "2026-05-22", "close": 34.0, "volume": 14300, "typical_volume": 14710.0, "trend": 33.053825, "fair_value": 29.271061, "relative_strength": -2.927939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.791617, "energy": 22.360059, "activity_lines": [ 34.208667, 34.243632, 33.941292, 33.655696 ] }, { "date": "2026-05-29", "close": 33.900002, "volume": 9200, "typical_volume": 14525.0, "trend": 33.199076, "fair_value": 29.330183, "relative_strength": -1.621123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.825544, "energy": 15.655918, "activity_lines": [ 34.056668, 34.212602, 33.952267, 33.710288 ] }, { "date": "2026-06-05", "close": 33.77, "volume": 2100, "typical_volume": 13960.0, "trend": 33.315534, "fair_value": 29.387734, "relative_strength": 0.900393, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.331609, "energy": 16.071395, "activity_lines": [ 33.908667, 34.127628, 33.948406, 33.747122 ] }, { "date": "2026-06-12", "close": 31.41, "volume": 20900, "typical_volume": 14000.0, "trend": 33.314252, "fair_value": 29.42831, "relative_strength": -7.115177, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.952222, "energy": 26.444711, "activity_lines": [ 33.042667, 33.616454, 33.717576, 33.624184 ] }, { "date": "2026-06-19", "close": 32.34, "volume": 3600, "typical_volume": 12345.0, "trend": 33.360807, "fair_value": 29.47585, "relative_strength": -2.766639, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.292544, "energy": 35.889471, "activity_lines": [ 32.696667, 33.321795, 33.586573, 33.561329 ] }, { "date": "2026-06-26", "close": 33.84, "volume": 2900, "typical_volume": 11730.0, "trend": 33.433563, "fair_value": 29.523515, "relative_strength": -0.893287, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.111237, "energy": 26.853491, "activity_lines": [ 32.948667, 33.339273, 33.601766, 33.592245 ] }, { "date": "2026-07-03", "close": 32.439999, "volume": 3600, "typical_volume": 11010.0, "trend": 33.427664, "fair_value": 29.554875, "relative_strength": -5.326973, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.263619, "energy": 38.979453, "activity_lines": [ 32.744666, 33.109455, 33.48477, 33.528144 ] }, { "date": "2026-07-10", "close": 32.009998, "volume": 16600, "typical_volume": 11490.0, "trend": 33.451895, "fair_value": 29.586538, "relative_strength": -8.115503, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.296062, "energy": 42.890835, "activity_lines": [ 32.494666, 32.840909, 33.335615, 33.436682 ] }, { "date": "2026-07-17", "close": 32.150002, "volume": 6700, "typical_volume": 10435.0, "trend": 33.444714, "fair_value": 29.613508, "relative_strength": -5.168089, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.409746, "energy": 33.488488, "activity_lines": [ 32.408667, 32.648545, 33.212034, 33.352689 ] }, { "date": "2026-07-24", "close": 31.07, "volume": 7100, "typical_volume": 9950.0, "trend": 33.390584, "fair_value": 29.638987, "relative_strength": -8.201405, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.134578, "energy": 58.114294, "activity_lines": [ 31.913333, 32.303636, 32.993746, 33.199481 ] }, { "date": "2026-07-31", "close": 31.35, "volume": 9900, "typical_volume": 9775.0, "trend": 33.332506, "fair_value": 29.663782, "relative_strength": -9.057281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.050615, "energy": 57.699407, "activity_lines": [ 31.596, 32.059455, 32.806999, 33.067831 ] }, { "date": "2026-08-07", "close": 31.5, "volume": 8300, "typical_volume": 9720.0, "trend": 33.269694, "fair_value": 29.691701, "relative_strength": -5.412562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.118446, "energy": 52.640944, "activity_lines": [ 31.494667, 31.890727, 32.640396, 32.949605 ] } ], "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." } } }