{ "ticker": { "uuid": "59f34d9b-073a-451a-bdbe-c620996e7da5", "symbol": "SUZB3", "name": "Suzano 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": "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -44.068, "architecture_energy": 31.343, "architecture_maturity": 87.901, "architecture_confidence": 75.851, "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": 29.45, "rotation_up": 27.69, "upward_expansion": 21.66, "deceleration": 46.87, "rotation_down": 32.07, "downward_expansion": 60.33 }, "activity_lines": [ 42.180667, 41.878546, 42.338703, 44.262775 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 41.700001, "trend_reference": 46.920369, "distance_from_trend": -0.11126, "trend_direction": "Weakening", "fair_value": 50.977172, "distance_from_fair_value": -0.181987, "fair_value_direction": "Weakening", "relative_strength": -16.603866, "relative_strength_direction": "Improving", "price_momentum": -0.169238, "excess_performance": -0.11219, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.11126, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.048881, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.181987, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.037709, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.166039, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.099759, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.169238, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.319858, "read": "Demand-led" } ], "volume": { "latest": 22505400, "relative_activity": 0.89528, "balance": 1.319858, "dry_up": 0.920326, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.046799, "annualized_volatility": 0.325179, "from_high_reference": -0.300851, "from_low_reference": 0.049057 }, "levels": { "trend_reference": 46.920369, "fair_value_reference": 50.977172, "structural_low": 39.75, "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": 26, "median_return": 0.009614, "positive_rate": 0.576923, "directional_follow_through": 0.423077, "median_excess_return": -0.021016, "regime_survival": 0.769231, "best_return": 0.238427, "worst_return": -0.149733, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.023727, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.076462, "regime_survival": 0.444444, "best_return": 0.21902, "worst_return": -0.191374, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.045972, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.093921, "regime_survival": 0.166667, "best_return": 0.392468, "worst_return": -0.081211, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.136145, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.197283, "regime_survival": 0.75, "best_return": -0.0309, "worst_return": -0.201153, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-02", "end": "2024-03-01", "tenure": "Developing", "return": 0.11979, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-05-03", "tenure": "Developing", "return": 0.000338, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-10", "end": "2024-06-21", "tenure": "Developing", "return": -0.055126, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": -0.070339, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-11-01", "tenure": "Established", "return": 0.100734, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-03-07", "tenure": "Established", "return": -0.021491, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.046177, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-08-01", "tenure": "Established", "return": -0.001929, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-26", "tenure": "Developing", "return": -0.093991, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-12-26", "tenure": "Established", "return": 0.041415, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": 0.124735, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-04-17", "tenure": "Developing", "return": -0.157052, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": -0.086235, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 46.935871, "volume": 27888600, "typical_volume": 30827645.0, "trend": 41.65481, "fair_value": 47.630072, "relative_strength": 5.106265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.437165, "energy": 80.119405, "activity_lines": [ 45.896759, 44.267794, 42.968095, 42.153631 ] }, { "date": "2023-08-25", "close": 46.213493, "volume": 14316700, "typical_volume": 30097405.0, "trend": 41.803607, "fair_value": 47.640904, "relative_strength": 2.911835, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.041367, "energy": 78.455571, "activity_lines": [ 46.335741, 44.757629, 43.412016, 42.44774 ] }, { "date": "2023-09-01", "close": 47.324837, "volume": 17325300, "typical_volume": 29286725.0, "trend": 41.951478, "fair_value": 47.67817, "relative_strength": 3.289721, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.872689, "energy": 79.614398, "activity_lines": [ 46.784601, 45.422584, 43.919708, 42.803948 ] }, { "date": "2023-09-08", "close": 45.194759, "volume": 14476600, "typical_volume": 29044910.0, "trend": 42.025568, "fair_value": 47.712641, "relative_strength": 0.683754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.156159, "energy": 55.736489, "activity_lines": [ 46.28326, 45.613365, 44.177743, 43.013192 ] }, { "date": "2023-09-15", "close": 48.649193, "volume": 29768200, "typical_volume": 27670185.0, "trend": 42.197518, "fair_value": 47.744348, "relative_strength": 4.960893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.766065, "energy": 55.237162, "activity_lines": [ 47.024158, 46.355105, 44.727286, 43.440523 ] }, { "date": "2023-09-22", "close": 51.288643, "volume": 49206800, "typical_volume": 27822735.0, "trend": 42.482454, "fair_value": 47.803666, "relative_strength": 12.712512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.064229, "energy": 64.837199, "activity_lines": [ 48.499162, 47.441699, 45.472065, 44.027047 ] }, { "date": "2023-09-29", "close": 50.269909, "volume": 29506900, "typical_volume": 27267245.0, "trend": 42.670148, "fair_value": 47.866584, "relative_strength": 9.571826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.096762, "energy": 65.941278, "activity_lines": [ 49.344403, 48.160707, 46.059095, 44.529463 ] }, { "date": "2023-10-06", "close": 52.048061, "volume": 24818400, "typical_volume": 26682810.0, "trend": 43.01374, "fair_value": 47.926235, "relative_strength": 15.266571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.474026, "energy": 85.25768, "activity_lines": [ 50.511934, 49.030925, 46.763256, 45.13449 ] }, { "date": "2023-10-13", "close": 54.233711, "volume": 28918100, "typical_volume": 26621320.0, "trend": 43.475875, "fair_value": 47.990718, "relative_strength": 17.962148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.354272, "energy": 89.752141, "activity_lines": [ 52.093134, 50.147154, 47.628034, 45.858359 ] }, { "date": "2023-10-20", "close": 50.844101, "volume": 36258700, "typical_volume": 26768575.0, "trend": 43.854659, "fair_value": 48.030002, "relative_strength": 12.698488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.641721, "energy": 66.895972, "activity_lines": [ 51.941866, 50.5075, 48.111734, 46.333729 ] }, { "date": "2023-10-27", "close": 48.084259, "volume": 50775000, "typical_volume": 27944780.0, "trend": 44.173245, "fair_value": 48.058087, "relative_strength": 6.472866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.347609, "energy": 50.010974, "activity_lines": [ 50.724324, 50.286409, 48.295194, 46.606606 ] }, { "date": "2023-11-03", "close": 47.380409, "volume": 30087000, "typical_volume": 26962765.0, "trend": 44.506649, "fair_value": 48.0825, "relative_strength": 0.65411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.210255, "energy": 33.41165, "activity_lines": [ 49.485791, 49.916466, 48.382162, 46.81352 ] }, { "date": "2023-11-10", "close": 50.60331, "volume": 26116200, "typical_volume": 27041085.0, "trend": 44.94347, "fair_value": 48.116155, "relative_strength": 5.520226, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.162752, "energy": 24.473025, "activity_lines": [ 49.514192, 50.111288, 48.76346, 47.206853 ] }, { "date": "2023-11-17", "close": 49.0289, "volume": 32528200, "typical_volume": 27316770.0, "trend": 45.333676, "fair_value": 48.1494, "relative_strength": -0.995188, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.224907, "energy": 23.182692, "activity_lines": [ 49.114106, 49.960245, 48.956445, 47.470429 ] }, { "date": "2023-11-24", "close": 49.519749, "volume": 14277400, "typical_volume": 26662315.0, "trend": 45.755679, "fair_value": 48.156014, "relative_strength": -0.113919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.518557, "energy": 18.394404, "activity_lines": [ 49.224623, 49.828736, 49.157723, 47.740498 ] }, { "date": "2023-12-01", "close": 47.936077, "volume": 37286100, "typical_volume": 27602365.0, "trend": 46.069017, "fair_value": 48.167757, "relative_strength": -5.074441, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.850361, "energy": 17.763791, "activity_lines": [ 48.895541, 49.393458, 49.16866, 47.881169 ] }, { "date": "2023-12-08", "close": 48.118813, "volume": 53327200, "typical_volume": 29456355.0, "trend": 46.362823, "fair_value": 48.188395, "relative_strength": -3.590174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.017874, "energy": 12.4628, "activity_lines": [ 48.637249, 49.052361, 49.165203, 48.013414 ] }, { "date": "2023-12-15", "close": 49.881683, "volume": 23061500, "typical_volume": 29438400.0, "trend": 46.623397, "fair_value": 48.192292, "relative_strength": -2.133673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.216673, "energy": 12.920952, "activity_lines": [ 48.917353, 49.070896, 49.294811, 48.240437 ] }, { "date": "2023-12-22", "close": 52.071053, "volume": 18445800, "typical_volume": 28941360.0, "trend": 46.959111, "fair_value": 48.210558, "relative_strength": 0.210579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.207217, "energy": 28.117657, "activity_lines": [ 49.975356, 49.526887, 49.603599, 48.591899 ] }, { "date": "2023-12-29", "close": 52.725021, "volume": 7232900, "typical_volume": 28281080.0, "trend": 47.283592, "fair_value": 48.220871, "relative_strength": 0.45095, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.077777, "energy": 55.79972, "activity_lines": [ 51.048538, 50.141103, 49.948409, 48.963893 ] }, { "date": "2024-01-05", "close": 51.227528, "volume": 10448900, "typical_volume": 27409095.0, "trend": 47.594584, "fair_value": 48.197851, "relative_strength": -0.623335, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.523793, "energy": 58.007189, "activity_lines": [ 51.408871, 50.448848, 50.120784, 49.218341 ] }, { "date": "2024-01-12", "close": 50.782074, "volume": 14616700, "typical_volume": 27424095.0, "trend": 47.796264, "fair_value": 48.1811, "relative_strength": -0.545506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.394079, "energy": 56.912899, "activity_lines": [ 51.401289, 50.618452, 50.230298, 49.423985 ] }, { "date": "2024-01-19", "close": 49.095024, "volume": 17199400, "typical_volume": 27417800.0, "trend": 48.014563, "fair_value": 48.135567, "relative_strength": -1.304413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.000633, "energy": 28.80114, "activity_lines": [ 50.653806, 50.419471, 50.157385, 49.507776 ] }, { "date": "2024-01-26", "close": 50.14706, "volume": 11939900, "typical_volume": 27290965.0, "trend": 48.321028, "fair_value": 48.109707, "relative_strength": -0.317155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.727805, "energy": 16.134518, "activity_lines": [ 50.309446, 50.439192, 50.176237, 49.645356 ] }, { "date": "2024-02-02", "close": 48.659046, "volume": 28709100, "typical_volume": 27238010.0, "trend": 48.56894, "fair_value": 48.049401, "relative_strength": -1.855913, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.572115, "energy": 12.635883, "activity_lines": [ 49.597348, 50.168035, 50.029792, 49.667164 ] }, { "date": "2024-02-09", "close": 49.948029, "volume": 23400000, "typical_volume": 25947670.0, "trend": 48.858583, "fair_value": 47.973736, "relative_strength": 0.115337, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.780218, "energy": 16.633811, "activity_lines": [ 49.585975, 50.146888, 50.006059, 49.756138 ] }, { "date": "2024-02-16", "close": 50.279751, "volume": 7279300, "typical_volume": 24836290.0, "trend": 49.17441, "fair_value": 47.876074, "relative_strength": 0.268305, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.753198, "energy": 13.824605, "activity_lines": [ 49.770477, 50.149473, 50.020303, 49.847826 ] }, { "date": "2024-02-23", "close": 52.383823, "volume": 17267100, "typical_volume": 24458725.0, "trend": 49.46313, "fair_value": 47.80231, "relative_strength": 3.899425, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.37575, "energy": 24.976385, "activity_lines": [ 50.689824, 50.495327, 50.234887, 50.054885 ] }, { "date": "2024-03-01", "close": 54.487896, "volume": 31739600, "typical_volume": 24599800.0, "trend": 49.727521, "fair_value": 47.725634, "relative_strength": 8.315301, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.114159, "energy": 61.084314, "activity_lines": [ 52.091275, 51.178246, 50.648261, 50.379063 ] }, { "date": "2024-03-08", "close": 56.061211, "volume": 26207700, "typical_volume": 24097250.0, "trend": 50.047443, "fair_value": 47.669398, "relative_strength": 13.078318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.131302, "energy": 78.033906, "activity_lines": [ 53.727776, 52.10328, 51.210264, 50.787688 ] }, { "date": "2024-03-15", "close": 57.625046, "volume": 28067400, "typical_volume": 22961870.0, "trend": 50.403749, "fair_value": 47.624586, "relative_strength": 16.197525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.470504, "energy": 87.919379, "activity_lines": [ 55.392077, 53.25199, 51.89636, 51.276566 ] }, { "date": "2024-03-22", "close": 58.904552, "volume": 29982400, "typical_volume": 22956640.0, "trend": 50.826784, "fair_value": 47.595924, "relative_strength": 18.138132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.36132, "energy": 93.430598, "activity_lines": [ 56.971079, 54.517018, 52.658882, 51.825005 ] }, { "date": "2024-03-29", "close": 60.638988, "volume": 22789500, "typical_volume": 22790305.0, "trend": 51.270589, "fair_value": 47.59702, "relative_strength": 20.032502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.182094, "energy": 94.605023, "activity_lines": [ 58.55324, 55.949717, 53.531711, 52.45805 ] }, { "date": "2024-04-05", "close": 59.530087, "volume": 26496900, "typical_volume": 22488740.0, "trend": 51.748434, "fair_value": 47.579084, "relative_strength": 18.485206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.233142, "energy": 88.987304, "activity_lines": [ 59.215423, 56.970907, 54.251142, 52.990921 ] }, { "date": "2024-04-12", "close": 58.004162, "volume": 28038100, "typical_volume": 23176775.0, "trend": 52.060266, "fair_value": 47.552823, "relative_strength": 15.6219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.237088, "energy": 81.582893, "activity_lines": [ 59.032818, 57.544056, 54.77524, 53.394517 ] }, { "date": "2024-04-19", "close": 58.013638, "volume": 31605400, "typical_volume": 22892740.0, "trend": 52.284432, "fair_value": 47.532612, "relative_strength": 15.807613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.830731, "energy": 61.217636, "activity_lines": [ 58.723842, 57.949017, 55.25984, 53.778605 ] }, { "date": "2024-04-26", "close": 56.468761, "volume": 22921800, "typical_volume": 21372470.0, "trend": 52.491061, "fair_value": 47.510221, "relative_strength": 10.977046, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.279498, "energy": 44.514552, "activity_lines": [ 57.874, 57.926443, 55.549319, 54.048562 ] }, { "date": "2024-05-03", "close": 56.080166, "volume": 20999200, "typical_volume": 21269355.0, "trend": 52.625464, "fair_value": 47.492337, "relative_strength": 8.15117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.626868, "energy": 32.008147, "activity_lines": [ 57.057013, 57.720689, 55.762028, 54.280117 ] }, { "date": "2024-05-10", "close": 49.000244, "volume": 126160300, "typical_volume": 26655080.0, "trend": 52.451015, "fair_value": 47.441774, "relative_strength": -4.9274, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.245854, "energy": 19.312881, "activity_lines": [ 54.183974, 56.160469, 55.270942, 54.046232 ] }, { "date": "2024-05-17", "close": 48.763302, "volume": 70241600, "typical_volume": 29805515.0, "trend": 52.381655, "fair_value": 47.391372, "relative_strength": -5.796987, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.035931, "energy": 42.059228, "activity_lines": [ 51.933943, 54.656945, 54.771914, 53.808315 ] }, { "date": "2024-05-24", "close": 46.384369, "volume": 75149100, "typical_volume": 33040525.0, "trend": 52.324992, "fair_value": 47.344247, "relative_strength": -7.59659, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.95395, "energy": 52.870486, "activity_lines": [ 49.506992, 52.853577, 54.065185, 53.421393 ] }, { "date": "2024-05-31", "close": 46.156906, "volume": 24528700, "typical_volume": 33536125.0, "trend": 52.284209, "fair_value": 47.31212, "relative_strength": -6.369477, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.929785, "energy": 73.067154, "activity_lines": [ 47.779504, 51.213227, 53.359856, 53.023452 ] }, { "date": "2024-06-07", "close": 46.10952, "volume": 49416000, "typical_volume": 35146955.0, "trend": 52.134416, "fair_value": 47.277675, "relative_strength": -5.541651, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.349619, "energy": 73.759195, "activity_lines": [ 46.723679, 49.796038, 52.672038, 52.625085 ] }, { "date": "2024-06-14", "close": 46.412807, "volume": 32389500, "typical_volume": 36169435.0, "trend": 52.047213, "fair_value": 47.256144, "relative_strength": -4.09347, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.818786, "energy": 74.929611, "activity_lines": [ 46.433658, 48.698164, 52.027322, 52.255949 ] }, { "date": "2024-06-21", "close": 46.299068, "volume": 33438800, "typical_volume": 36405920.0, "trend": 51.939857, "fair_value": 47.225993, "relative_strength": -5.759691, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.737548, "energy": 78.054639, "activity_lines": [ 46.278221, 47.818106, 51.389556, 51.885101 ] }, { "date": "2024-06-28", "close": 54.032959, "volume": 71391000, "typical_volume": 38805470.0, "trend": 52.143086, "fair_value": 47.240995, "relative_strength": 7.250009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.621825, "energy": 30.393945, "activity_lines": [ 48.865029, 48.557029, 51.499588, 52.02014 ] }, { "date": "2024-07-05", "close": 51.890976, "volume": 51054300, "typical_volume": 40994220.0, "trend": 52.268825, "fair_value": 47.232304, "relative_strength": 0.76701, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.140822, "energy": 23.010475, "activity_lines": [ 50.227937, 48.978878, 51.386171, 52.003875 ] }, { "date": "2024-07-12", "close": 49.568913, "volume": 40935400, "typical_volume": 42177635.0, "trend": 52.258399, "fair_value": 47.234643, "relative_strength": -5.857402, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.190478, "energy": 25.302176, "activity_lines": [ 50.434553, 49.061765, 51.043931, 51.829687 ] }, { "date": "2024-07-19", "close": 50.801029, "volume": 37053500, "typical_volume": 42443330.0, "trend": 52.216065, "fair_value": 47.244824, "relative_strength": -2.817181, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.208985, "energy": 26.521424, "activity_lines": [ 50.821247, 49.48706, 50.832441, 51.735663 ] }, { "date": "2024-07-26", "close": 49.085548, "volume": 33429700, "typical_volume": 42804430.0, "trend": 52.094749, "fair_value": 47.256827, "relative_strength": -6.101145, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.579312, "energy": 19.267724, "activity_lines": [ 50.343567, 49.567708, 50.475128, 51.533694 ] }, { "date": "2024-08-02", "close": 50.232361, "volume": 31339400, "typical_volume": 42968030.0, "trend": 52.061577, "fair_value": 47.274894, "relative_strength": -2.700338, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.346255, "energy": 17.320135, "activity_lines": [ 50.062392, 49.851008, 50.260253, 51.41354 ] }, { "date": "2024-08-09", "close": 51.65403, "volume": 47762800, "typical_volume": 43857050.0, "trend": 52.090642, "fair_value": 47.288024, "relative_strength": -3.602291, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.074556, "energy": 9.730759, "activity_lines": [ 50.508481, 50.32283, 50.215978, 51.387246 ] }, { "date": "2024-08-16", "close": 51.568729, "volume": 35594600, "typical_volume": 44497305.0, "trend": 52.173099, "fair_value": 47.300384, "relative_strength": -6.064047, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.482362, "energy": 8.994524, "activity_lines": [ 50.941932, 50.679195, 50.198105, 51.353575 ] }, { "date": "2024-08-23", "close": 53.151527, "volume": 23663900, "typical_volume": 44355655.0, "trend": 52.273248, "fair_value": 47.294623, "relative_strength": -4.331044, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.201638, "energy": 11.862686, "activity_lines": [ 51.769661, 51.224084, 50.374167, 51.416699 ] }, { "date": "2024-08-30", "close": 52.127922, "volume": 31040600, "typical_volume": 44505780.0, "trend": 52.388877, "fair_value": 47.283365, "relative_strength": -6.366928, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.61665, "energy": 19.387378, "activity_lines": [ 52.099488, 51.46034, 50.483116, 51.407323 ] }, { "date": "2024-09-06", "close": 51.530819, "volume": 21970700, "typical_volume": 44024045.0, "trend": 52.441637, "fair_value": 47.274156, "relative_strength": -6.414903, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.262142, "energy": 19.200475, "activity_lines": [ 52.027457, 51.482052, 50.563181, 51.351965 ] }, { "date": "2024-09-13", "close": 51.454998, "volume": 21552300, "typical_volume": 43955570.0, "trend": 52.480812, "fair_value": 47.309519, "relative_strength": -6.643779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.654326, "energy": 13.051693, "activity_lines": [ 51.843588, 51.535473, 50.666895, 51.28831 ] }, { "date": "2024-09-20", "close": 49.606823, "volume": 24667900, "typical_volume": 44139005.0, "trend": 52.388245, "fair_value": 47.316859, "relative_strength": -7.097669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.534586, "energy": 14.865305, "activity_lines": [ 51.056929, 51.260788, 50.618468, 51.102892 ] }, { "date": "2024-09-27", "close": 51.540298, "volume": 27556100, "typical_volume": 39208795.0, "trend": 52.289992, "fair_value": 47.353553, "relative_strength": -4.493891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.159643, "energy": 13.446197, "activity_lines": [ 51.045556, 51.336955, 50.785007, 51.048185 ] }, { "date": "2024-10-04", "close": 52.838757, "volume": 21612200, "typical_volume": 36777325.0, "trend": 52.182577, "fair_value": 47.416258, "relative_strength": -1.133938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.754538, "energy": 5.422942, "activity_lines": [ 51.574417, 51.635765, 51.063113, 51.08359 ] }, { "date": "2024-10-11", "close": 51.369698, "volume": 25799800, "typical_volume": 34309860.0, "trend": 51.974065, "fair_value": 47.460591, "relative_strength": -2.211595, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.019309, "energy": 6.825587, "activity_lines": [ 51.566204, 51.599232, 51.181901, 51.031146 ] }, { "date": "2024-10-18", "close": 52.857712, "volume": 21431600, "typical_volume": 34155005.0, "trend": 51.772504, "fair_value": 47.503882, "relative_strength": 0.441786, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.488768, "energy": 29.473494, "activity_lines": [ 52.064736, 51.812569, 51.418666, 51.088155 ] }, { "date": "2024-10-25", "close": 55.919044, "volume": 37779300, "typical_volume": 33573170.0, "trend": 51.615172, "fair_value": 47.586781, "relative_strength": 6.723677, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.484828, "energy": 56.419015, "activity_lines": [ 53.490198, 52.560626, 51.915077, 51.355674 ] }, { "date": "2024-11-01", "close": 56.857346, "volume": 32082900, "typical_volume": 33557840.0, "trend": 51.526081, "fair_value": 47.675022, "relative_strength": 9.791302, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.819314, "energy": 77.561437, "activity_lines": [ 54.807613, 53.400188, 52.454138, 51.693879 ] }, { "date": "2024-11-08", "close": 55.350376, "volume": 30961400, "typical_volume": 33433970.0, "trend": 51.437622, "fair_value": 47.742297, "relative_strength": 7.055753, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.069317, "energy": 75.48018, "activity_lines": [ 55.268235, 53.898376, 52.799943, 51.940608 ] }, { "date": "2024-11-15", "close": 57.3881, "volume": 24117400, "typical_volume": 31070290.0, "trend": 51.41677, "fair_value": 47.810264, "relative_strength": 10.729724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.673397, "energy": 82.677322, "activity_lines": [ 56.240656, 54.708469, 53.296715, 52.324509 ] }, { "date": "2024-11-22", "close": 57.530273, "volume": 16594600, "typical_volume": 29347305.0, "trend": 51.452154, "fair_value": 47.872257, "relative_strength": 9.591777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.174263, "energy": 82.507051, "activity_lines": [ 56.859242, 55.437916, 53.791051, 52.718929 ] }, { "date": "2024-11-29", "close": 59.141499, "volume": 56263300, "typical_volume": 30113700.0, "trend": 51.554198, "fair_value": 47.931761, "relative_strength": 15.235582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.851598, "energy": 79.582654, "activity_lines": [ 57.703399, 56.349853, 54.411982, 53.215016 ] }, { "date": "2024-12-06", "close": 62.013271, "volume": 46759200, "typical_volume": 30598985.0, "trend": 51.987966, "fair_value": 48.001837, "relative_strength": 19.921976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.393738, "energy": 88.10855, "activity_lines": [ 59.289983, 57.610573, 55.260833, 53.889795 ] }, { "date": "2024-12-13", "close": 59.16045, "volume": 39461900, "typical_volume": 30900595.0, "trend": 52.334538, "fair_value": 48.036779, "relative_strength": 15.135745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.789329, "energy": 67.37255, "activity_lines": [ 59.581898, 58.162181, 55.784594, 54.352535 ] }, { "date": "2024-12-20", "close": 58.349667, "volume": 52617900, "typical_volume": 31964520.0, "trend": 52.733381, "fair_value": 48.073911, "relative_strength": 15.431176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.128083, "energy": 54.753303, "activity_lines": [ 59.349548, 58.451434, 56.183162, 54.740608 ] }, { "date": "2024-12-27", "close": 60.277691, "volume": 16181200, "typical_volume": 30385440.0, "trend": 53.204074, "fair_value": 48.12385, "relative_strength": 20.456939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.319281, "energy": 54.953039, "activity_lines": [ 59.695768, 58.964328, 56.726698, 55.227338 ] }, { "date": "2025-01-03", "close": 61.344467, "volume": 18647000, "typical_volume": 29538060.0, "trend": 53.711905, "fair_value": 48.18505, "relative_strength": 23.644023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.852394, "energy": 52.456006, "activity_lines": [ 60.214418, 59.536272, 57.330766, 55.752525 ] }, { "date": "2025-01-10", "close": 60.130886, "volume": 25092300, "typical_volume": 29609480.0, "trend": 54.169175, "fair_value": 48.219159, "relative_strength": 20.215595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.662554, "energy": 46.096326, "activity_lines": [ 60.181677, 59.788922, 57.772704, 56.166652 ] }, { "date": "2025-01-17", "close": 60.952988, "volume": 27452600, "typical_volume": 29430080.0, "trend": 54.657639, "fair_value": 48.272357, "relative_strength": 17.768179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.161086, "energy": 48.024067, "activity_lines": [ 60.548462, 60.131526, 58.259702, 56.604318 ] }, { "date": "2025-01-24", "close": 61.42276, "volume": 20571800, "typical_volume": 29360135.0, "trend": 54.903965, "fair_value": 48.330209, "relative_strength": 17.97689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.459692, "energy": 49.646303, "activity_lines": [ 60.952336, 60.457677, 58.749417, 57.040777 ] }, { "date": "2025-01-31", "close": 61.041069, "volume": 20558100, "typical_volume": 29310425.0, "trend": 55.208968, "fair_value": 48.378365, "relative_strength": 13.296436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.515137, "energy": 45.302479, "activity_lines": [ 61.024106, 60.641072, 59.155675, 57.436719 ] }, { "date": "2025-02-07", "close": 58.251797, "volume": 23218400, "typical_volume": 29237950.0, "trend": 55.498398, "fair_value": 48.42484, "relative_strength": 9.055103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.475291, "energy": 32.275866, "activity_lines": [ 60.115227, 60.253494, 59.250641, 57.633031 ] }, { "date": "2025-02-14", "close": 57.596073, "volume": 31449300, "typical_volume": 29432610.0, "trend": 55.724899, "fair_value": 48.470963, "relative_strength": 4.525194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.502706, "energy": 19.286471, "activity_lines": [ 59.193951, 59.76287, 59.24199, 57.768365 ] }, { "date": "2025-02-21", "close": 56.274837, "volume": 34105600, "typical_volume": 30057280.0, "trend": 55.964542, "fair_value": 48.519775, "relative_strength": 2.829465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.300842, "energy": 16.550593, "activity_lines": [ 58.001251, 59.112334, 59.07867, 57.803845 ] }, { "date": "2025-02-28", "close": 55.110195, "volume": 26109600, "typical_volume": 30072770.0, "trend": 56.127137, "fair_value": 48.548321, "relative_strength": 4.125819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -8.93819, "energy": 25.418916, "activity_lines": [ 56.732214, 58.302511, 58.788069, 57.748726 ] }, { "date": "2025-03-07", "close": 54.160862, "volume": 16118700, "typical_volume": 29807125.0, "trend": 56.210698, "fair_value": 48.54954, "relative_strength": 0.538086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -34.191559, "energy": 47.375708, "activity_lines": [ 55.56757, 57.378981, 58.389244, 57.621869 ] }, { "date": "2025-03-14", "close": 52.986431, "volume": 24174400, "typical_volume": 29126880.0, "trend": 56.257955, "fair_value": 48.525276, "relative_strength": -4.44666, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.956891, "energy": 66.06895, "activity_lines": [ 54.470129, 56.353133, 57.872363, 57.413852 ] }, { "date": "2025-03-21", "close": 53.191956, "volume": 34558500, "typical_volume": 29250660.0, "trend": 56.259302, "fair_value": 48.54481, "relative_strength": -6.272618, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.249466, "energy": 68.12967, "activity_lines": [ 53.792221, 55.516618, 57.389021, 57.216046 ] }, { "date": "2025-03-28", "close": 52.06646, "volume": 26172400, "typical_volume": 29011210.0, "trend": 56.257253, "fair_value": 48.571517, "relative_strength": -7.621999, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.083587, "energy": 75.194474, "activity_lines": [ 53.032756, 54.601629, 56.815943, 56.94554 ] }, { "date": "2025-04-04", "close": 49.815468, "volume": 27383000, "typical_volume": 29174490.0, "trend": 56.200075, "fair_value": 48.582151, "relative_strength": -8.066067, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.372195, "energy": 80.665347, "activity_lines": [ 51.803518, 53.438943, 56.044122, 56.529941 ] }, { "date": "2025-04-11", "close": 50.539696, "volume": 42603200, "typical_volume": 30474920.0, "trend": 56.169565, "fair_value": 48.602469, "relative_strength": -6.768173, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.557229, "energy": 85.150677, "activity_lines": [ 51.168672, 52.618976, 55.377335, 56.164755 ] }, { "date": "2025-04-18", "close": 50.735439, "volume": 15774000, "typical_volume": 28450455.0, "trend": 56.207186, "fair_value": 48.635597, "relative_strength": -7.524817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.518446, "energy": 84.245593, "activity_lines": [ 50.840484, 52.025533, 54.762479, 55.814166 ] }, { "date": "2025-04-25", "close": 50.18737, "volume": 27498300, "typical_volume": 27487410.0, "trend": 56.162088, "fair_value": 48.676313, "relative_strength": -11.68248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.247068, "energy": 80.669208, "activity_lines": [ 50.479673, 51.469101, 54.135455, 55.425791 ] }, { "date": "2025-05-02", "close": 49.570793, "volume": 23745700, "typical_volume": 26701600.0, "trend": 56.053156, "fair_value": 48.697286, "relative_strength": -12.745721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.859228, "energy": 68.120417, "activity_lines": [ 50.113641, 50.935269, 53.506023, 55.000546 ] }, { "date": "2025-05-09", "close": 49.022724, "volume": 26757500, "typical_volume": 25408580.0, "trend": 55.974923, "fair_value": 48.716006, "relative_strength": -14.484044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.953919, "energy": 70.372642, "activity_lines": [ 49.731298, 50.423679, 52.870059, 54.54697 ] }, { "date": "2025-05-16", "close": 52.526443, "volume": 31303300, "typical_volume": 26164685.0, "trend": 55.963881, "fair_value": 48.758504, "relative_strength": -10.120179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.939559, "energy": 51.883823, "activity_lines": [ 50.569711, 50.659811, 52.612197, 54.324487 ] }, { "date": "2025-05-23", "close": 51.831573, "volume": 23921600, "typical_volume": 26428415.0, "trend": 55.827632, "fair_value": 48.783771, "relative_strength": -10.444088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.552869, "energy": 40.874271, "activity_lines": [ 51.044051, 50.799319, 52.325067, 54.057887 ] }, { "date": "2025-05-30", "close": 48.592102, "volume": 41361200, "typical_volume": 27241860.0, "trend": 55.552124, "fair_value": 48.792569, "relative_strength": -15.462346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.595213, "energy": 48.619928, "activity_lines": [ 50.365491, 50.37083, 51.774716, 53.591078 ] }, { "date": "2025-06-06", "close": 52.281773, "volume": 55172100, "typical_volume": 28627835.0, "trend": 55.449837, "fair_value": 48.831551, "relative_strength": -8.434885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.720394, "energy": 26.315608, "activity_lines": [ 51.023173, 50.696824, 51.630708, 53.380088 ] }, { "date": "2025-06-13", "close": 52.957069, "volume": 26963600, "typical_volume": 28947425.0, "trend": 55.302136, "fair_value": 48.889758, "relative_strength": -7.995067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.527987, "energy": 21.100344, "activity_lines": [ 51.725222, 51.141684, 51.592306, 53.219264 ] }, { "date": "2025-06-20", "close": 50.764797, "volume": 21160100, "typical_volume": 28977525.0, "trend": 55.07662, "fair_value": 48.941016, "relative_strength": -11.695554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.341023, "energy": 23.798052, "activity_lines": [ 51.434224, 51.130829, 51.385429, 52.926533 ] }, { "date": "2025-06-27", "close": 50.060139, "volume": 26343600, "typical_volume": 29133785.0, "trend": 54.773908, "fair_value": 48.972861, "relative_strength": -12.479963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.328412, "energy": 22.156937, "activity_lines": [ 51.025783, 50.987762, 51.160376, 52.602889 ] }, { "date": "2025-07-04", "close": 50.843094, "volume": 21695300, "typical_volume": 28646085.0, "trend": 54.401569, "fair_value": 49.026111, "relative_strength": -13.804156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.549814, "energy": 26.059485, "activity_lines": [ 50.996422, 50.999328, 51.048899, 52.349288 ] }, { "date": "2025-07-11", "close": 48.836773, "volume": 20552000, "typical_volume": 27968405.0, "trend": 54.057446, "fair_value": 49.087413, "relative_strength": -13.885766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.44877, "energy": 40.915796, "activity_lines": [ 50.148221, 50.634187, 50.7785, 51.990269 ] }, { "date": "2025-07-18", "close": 49.531647, "volume": 23583300, "typical_volume": 27842090.0, "trend": 53.763512, "fair_value": 49.136153, "relative_strength": -10.713558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.596733, "energy": 42.964177, "activity_lines": [ 49.761312, 50.408732, 50.609699, 51.698282 ] }, { "date": "2025-07-25", "close": 51.449883, "volume": 17374200, "typical_volume": 27904865.0, "trend": 53.469252, "fair_value": 49.189282, "relative_strength": -7.355697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.451322, "energy": 30.642756, "activity_lines": [ 50.242177, 50.522794, 50.650151, 51.549015 ] }, { "date": "2025-08-01", "close": 50.637566, "volume": 26695800, "typical_volume": 28030935.0, "trend": 53.112355, "fair_value": 49.240069, "relative_strength": -7.998644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.546921, "energy": 27.54284, "activity_lines": [ 50.406596, 50.508736, 50.62615, 51.366326 ] }, { "date": "2025-08-08", "close": 53.417057, "volume": 27503500, "typical_volume": 27678185.0, "trend": 52.888561, "fair_value": 49.295036, "relative_strength": -5.420108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.574507, "energy": 6.112449, "activity_lines": [ 51.459018, 51.02175, 50.878047, 51.385984 ] }, { "date": "2025-08-15", "close": 52.193691, "volume": 18263100, "typical_volume": 27282720.0, "trend": 52.596585, "fair_value": 49.343308, "relative_strength": -7.86709, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.440296, "energy": 14.919231, "activity_lines": [ 51.932053, 51.224606, 51.012361, 51.341154 ] }, { "date": "2025-08-22", "close": 52.614525, "volume": 21845500, "typical_volume": 27005845.0, "trend": 52.302977, "fair_value": 49.420748, "relative_strength": -8.17444, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.480799, "energy": 18.553361, "activity_lines": [ 52.321572, 51.505579, 51.186149, 51.342311 ] }, { "date": "2025-08-29", "close": 51.332443, "volume": 16791300, "typical_volume": 25715250.0, "trend": 51.979356, "fair_value": 49.500454, "relative_strength": -12.517766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.825436, "energy": 17.350639, "activity_lines": [ 52.078205, 51.559675, 51.224504, 51.279696 ] }, { "date": "2025-09-05", "close": 50.882244, "volume": 16183800, "typical_volume": 25735740.0, "trend": 51.733704, "fair_value": 49.568164, "relative_strength": -13.920912, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.268598, "energy": 6.883861, "activity_lines": [ 51.6926, 51.521595, 51.216209, 51.208914 ] }, { "date": "2025-09-12", "close": 49.35548, "volume": 24763000, "typical_volume": 25598975.0, "trend": 51.459018, "fair_value": 49.634682, "relative_strength": -16.153297, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.464811, "energy": 18.730057, "activity_lines": [ 50.781763, 51.190975, 51.061808, 51.055481 ] }, { "date": "2025-09-19", "close": 49.423988, "volume": 22637600, "typical_volume": 25543570.0, "trend": 51.230656, "fair_value": 49.707769, "relative_strength": -17.953892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.186734, "energy": 34.600751, "activity_lines": [ 50.164534, 50.899858, 50.917894, 50.924188 ] }, { "date": "2025-09-26", "close": 48.396358, "volume": 28148000, "typical_volume": 25613095.0, "trend": 51.006861, "fair_value": 49.763039, "relative_strength": -19.219895, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.408005, "energy": 56.024956, "activity_lines": [ 49.389408, 50.411223, 50.676809, 50.74133 ] }, { "date": "2025-10-03", "close": 49.619728, "volume": 25748800, "typical_volume": 25335370.0, "trend": 50.85549, "fair_value": 49.815322, "relative_strength": -16.240072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.671814, "energy": 55.302539, "activity_lines": [ 49.303283, 50.16566, 50.555218, 50.651838 ] }, { "date": "2025-10-10", "close": 47.163208, "volume": 29977200, "typical_volume": 25638150.0, "trend": 50.661383, "fair_value": 49.843838, "relative_strength": -18.164617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.025668, "energy": 68.364466, "activity_lines": [ 48.512499, 49.506733, 50.213514, 50.413626 ] }, { "date": "2025-10-17", "close": 46.615143, "volume": 23662300, "typical_volume": 24753205.0, "trend": 50.442156, "fair_value": 49.857954, "relative_strength": -20.350245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.961928, "energy": 72.723262, "activity_lines": [ 47.786962, 48.811327, 49.841844, 50.152579 ] }, { "date": "2025-10-24", "close": 48.053818, "volume": 17612200, "typical_volume": 22875210.0, "trend": 50.308401, "fair_value": 49.850238, "relative_strength": -19.061622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.075462, "energy": 61.267433, "activity_lines": [ 47.723673, 48.501171, 49.616605, 49.998492 ] }, { "date": "2025-10-31", "close": 47.848289, "volume": 20178000, "typical_volume": 22535930.0, "trend": 50.242828, "fair_value": 49.844814, "relative_strength": -20.758424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.018543, "energy": 60.807928, "activity_lines": [ 47.683219, 48.228915, 49.391925, 49.839775 ] }, { "date": "2025-11-07", "close": 46.60535, "volume": 26341300, "typical_volume": 22794990.0, "trend": 50.111684, "fair_value": 49.809823, "relative_strength": -24.614787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.185219, "energy": 64.459269, "activity_lines": [ 47.26499, 47.81733, 49.073197, 49.605099 ] }, { "date": "2025-11-14", "close": 46.350895, "volume": 40012900, "typical_volume": 23478455.0, "trend": 49.965532, "fair_value": 49.777097, "relative_strength": -26.224283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.799795, "energy": 55.030281, "activity_lines": [ 46.962901, 47.445427, 48.750042, 49.362468 ] }, { "date": "2025-11-21", "close": 47.280655, "volume": 27488700, "typical_volume": 23768125.0, "trend": 49.868642, "fair_value": 49.765399, "relative_strength": -22.778598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.928086, "energy": 46.307586, "activity_lines": [ 47.024887, 47.324959, 48.533099, 49.18925 ] }, { "date": "2025-11-28", "close": 46.566208, "volume": 22250100, "typical_volume": 23853030.0, "trend": 49.768489, "fair_value": 49.769518, "relative_strength": -25.356879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.453205, "energy": 51.108531, "activity_lines": [ 46.804356, 47.112317, 48.265077, 48.97619 ] }, { "date": "2025-12-05", "close": 49.423988, "volume": 33915200, "typical_volume": 24369625.0, "trend": 49.781864, "fair_value": 49.771273, "relative_strength": -19.212285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.997314, "energy": 24.336193, "activity_lines": [ 47.635592, 47.47123, 48.280037, 48.953964 ] }, { "date": "2025-12-12", "close": 48.014671, "volume": 47683000, "typical_volume": 25885065.0, "trend": 49.631472, "fair_value": 49.784391, "relative_strength": -22.499194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.194824, "energy": 18.502019, "activity_lines": [ 47.892009, 47.55522, 48.161289, 48.839951 ] }, { "date": "2025-12-19", "close": 51.314789, "volume": 49445200, "typical_volume": 27022535.0, "trend": 49.614246, "fair_value": 49.835258, "relative_strength": -15.322958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.806893, "energy": 12.882557, "activity_lines": [ 49.154511, 48.268413, 48.373196, 48.948552 ] }, { "date": "2025-12-26", "close": 51.674751, "volume": 25281600, "typical_volume": 26911440.0, "trend": 49.717001, "fair_value": 49.880121, "relative_strength": -15.246323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 29.114798, "energy": 31.477784, "activity_lines": [ 50.206074, 48.971572, 48.61616, 49.081488 ] }, { "date": "2026-01-02", "close": 51.864731, "volume": 13195800, "typical_volume": 26658075.0, "trend": 49.703099, "fair_value": 49.916109, "relative_strength": -13.895284, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.523631, "energy": 43.213708, "activity_lines": [ 51.028024, 49.617279, 48.885514, 49.220051 ] }, { "date": "2026-01-09", "close": 50.984821, "volume": 29907400, "typical_volume": 27061170.0, "trend": 49.637358, "fair_value": 49.943548, "relative_strength": -15.98823, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.567381, "energy": 46.326381, "activity_lines": [ 51.203435, 50.033713, 49.072634, 49.302743 ] }, { "date": "2026-01-16", "close": 51.594757, "volume": 22304300, "typical_volume": 27336820.0, "trend": 49.665023, "fair_value": 49.994429, "relative_strength": -14.905439, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.377155, "energy": 49.565417, "activity_lines": [ 51.478104, 50.504017, 49.325603, 49.429027 ] }, { "date": "2026-01-23", "close": 52.244694, "volume": 30881800, "typical_volume": 28071720.0, "trend": 49.737841, "fair_value": 50.061705, "relative_strength": -19.727381, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.067833, "energy": 44.878694, "activity_lines": [ 51.730745, 51.001775, 49.639223, 49.595457 ] }, { "date": "2026-01-30", "close": 49.324993, "volume": 38180800, "typical_volume": 28742610.0, "trend": 49.687238, "fair_value": 50.102963, "relative_strength": -24.413457, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.95729, "energy": 19.193691, "activity_lines": [ 50.948159, 50.861518, 49.668287, 49.568822 ] }, { "date": "2026-02-06", "close": 50.194901, "volume": 36045100, "typical_volume": 29412985.0, "trend": 49.732509, "fair_value": 50.149263, "relative_strength": -22.95213, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 11.133997, "energy": 11.783763, "activity_lines": [ 50.612193, 50.842256, 49.780345, 49.601574 ] }, { "date": "2026-02-13", "close": 58.334076, "volume": 60957900, "typical_volume": 31053480.0, "trend": 50.025923, "fair_value": 50.244413, "relative_strength": -11.494408, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.366577, "energy": 50.81319, "activity_lines": [ 53.100607, 52.236868, 50.663892, 50.156514 ] }, { "date": "2026-02-20", "close": 56.854225, "volume": 15456800, "typical_volume": 30538880.0, "trend": 50.206068, "fair_value": 50.334886, "relative_strength": -14.914442, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.24057, "energy": 67.551402, "activity_lines": [ 54.605787, 53.200415, 51.359177, 50.59705 ] }, { "date": "2026-02-27", "close": 57.99411, "volume": 36927000, "typical_volume": 30886370.0, "trend": 50.451286, "fair_value": 50.420495, "relative_strength": -11.719965, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.045367, "energy": 79.736508, "activity_lines": [ 56.140298, 54.210494, 52.128574, 51.099504 ] }, { "date": "2026-03-06", "close": 54.914421, "volume": 29877800, "typical_volume": 31197145.0, "trend": 50.501198, "fair_value": 50.504944, "relative_strength": -11.394961, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.18117, "energy": 75.366951, "activity_lines": [ 56.264952, 54.539188, 52.553091, 51.387448 ] }, { "date": "2026-03-13", "close": 53.394577, "volume": 20399700, "typical_volume": 31336520.0, "trend": 50.541228, "fair_value": 50.588437, "relative_strength": -12.479603, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.98636, "energy": 56.619636, "activity_lines": [ 55.510362, 54.532643, 52.79334, 51.574118 ] }, { "date": "2026-03-20", "close": 50.174904, "volume": 40240100, "typical_volume": 32339625.0, "trend": 50.459907, "fair_value": 50.656991, "relative_strength": -16.540088, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.59256, "energy": 21.184196, "activity_lines": [ 53.469236, 53.912888, 52.701522, 51.550484 ] }, { "date": "2026-03-27", "close": 50.434875, "volume": 22043900, "typical_volume": 32124755.0, "trend": 50.429988, "fair_value": 50.733325, "relative_strength": -18.033868, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.906167, "energy": 20.234087, "activity_lines": [ 52.058712, 53.355126, 52.623384, 51.548869 ] }, { "date": "2026-04-03", "close": 50.844833, "volume": 17963900, "typical_volume": 31022305.0, "trend": 50.428741, "fair_value": 50.819649, "relative_strength": -19.669677, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.145575, "energy": 23.112703, "activity_lines": [ 51.212797, 52.89299, 52.566053, 51.575633 ] }, { "date": "2026-04-10", "close": 47.155209, "volume": 77124700, "typical_volume": 33504105.0, "trend": 50.355399, "fair_value": 50.88155, "relative_strength": -28.357619, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -34.59685, "energy": 35.816294, "activity_lines": [ 49.613626, 51.785466, 52.135931, 51.364438 ] }, { "date": "2026-04-17", "close": 47.925133, "volume": 46320000, "typical_volume": 34707600.0, "trend": 50.305437, "fair_value": 50.949514, "relative_strength": -25.971252, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -28.514516, "energy": 40.249573, "activity_lines": [ 48.788377, 50.857379, 51.779731, 51.207646 ] }, { "date": "2026-04-24", "close": 45.635365, "volume": 24000000, "typical_volume": 34211840.0, "trend": 50.213404, "fair_value": 51.005769, "relative_strength": -27.099743, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.636435, "energy": 56.917918, "activity_lines": [ 47.564502, 49.554239, 51.198988, 50.906351 ] }, { "date": "2026-05-01", "close": 43.84, "volume": 31946900, "typical_volume": 33425035.0, "trend": 50.020746, "fair_value": 51.039769, "relative_strength": -28.127268, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.377512, "energy": 69.656444, "activity_lines": [ 46.044807, 48.155554, 50.465298, 50.495164 ] }, { "date": "2026-05-08", "close": 43.700001, "volume": 27703500, "typical_volume": 32337950.0, "trend": 49.905306, "fair_value": 51.067945, "relative_strength": -26.57976, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.4283, "energy": 70.374448, "activity_lines": [ 44.918105, 46.968038, 49.738154, 50.087374 ] }, { "date": "2026-05-15", "close": 41.700001, "volume": 37600000, "typical_volume": 32953870.0, "trend": 49.741468, "fair_value": 51.065608, "relative_strength": -26.622688, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.283725, "energy": 90.22624, "activity_lines": [ 43.601058, 45.676777, 48.856796, 49.558 ] }, { "date": "2026-05-22", "close": 41.700001, "volume": 23857400, "typical_volume": 33486950.0, "trend": 49.529674, "fair_value": 51.063688, "relative_strength": -25.552766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.748951, "energy": 89.721632, "activity_lines": [ 42.647692, 44.625779, 48.022936, 49.039195 ] }, { "date": "2026-05-29", "close": 41.91, "volume": 42205800, "typical_volume": 34101870.0, "trend": 49.331731, "fair_value": 51.056761, "relative_strength": -23.610746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.033114, "energy": 87.072308, "activity_lines": [ 42.179334, 43.825592, 47.257479, 48.547603 ] }, { "date": "2026-06-05", "close": 41.740002, "volume": 7282100, "typical_volume": 33350760.0, "trend": 49.169553, "fair_value": 51.055749, "relative_strength": -21.114752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.222579, "energy": 86.416598, "activity_lines": [ 41.902668, 43.144766, 46.519045, 48.057814 ] }, { "date": "2026-06-12", "close": 41.52, "volume": 3071200, "typical_volume": 31960230.0, "trend": 49.008523, "fair_value": 51.035162, "relative_strength": -21.811447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.009523, "energy": 81.154962, "activity_lines": [ 41.692667, 42.582029, 45.806587, 47.564295 ] }, { "date": "2026-06-19", "close": 43.23, "volume": 7692900, "typical_volume": 30435835.0, "trend": 48.873501, "fair_value": 51.039546, "relative_strength": -16.769473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.456829, "energy": 61.846267, "activity_lines": [ 42.198, 42.499744, 45.308055, 47.191487 ] }, { "date": "2026-06-26", "close": 40.110001, "volume": 11649400, "typical_volume": 29216050.0, "trend": 48.658294, "fair_value": 51.034141, "relative_strength": -24.244235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.187947, "energy": 65.46835, "activity_lines": [ 41.561334, 41.921553, 44.541405, 46.6261 ] }, { "date": "2026-07-03", "close": 40.799999, "volume": 2486300, "typical_volume": 26292470.0, "trend": 48.370828, "fair_value": 51.031438, "relative_strength": -22.761506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.008386, "energy": 62.14221, "activity_lines": [ 41.260667, 41.610909, 43.888491, 46.119113 ] }, { "date": "2026-07-10", "close": 41.549999, "volume": 27268800, "typical_volume": 26883070.0, "trend": 48.155339, "fair_value": 51.033305, "relative_strength": -22.317683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.318916, "energy": 59.228107, "activity_lines": [ 41.284, 41.524546, 43.390503, 45.679059 ] }, { "date": "2026-07-17", "close": 41.93, "volume": 22436800, "typical_volume": 26158560.0, "trend": 47.842513, "fair_value": 51.040517, "relative_strength": -19.06076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.710131, "energy": 56.429142, "activity_lines": [ 41.446666, 41.548909, 43.001581, 45.277425 ] }, { "date": "2026-07-24", "close": 41.84, "volume": 17810300, "typical_volume": 25555185.0, "trend": 47.514688, "fair_value": 51.028452, "relative_strength": -18.626231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.125102, "energy": 50.008335, "activity_lines": [ 41.552, 41.589091, 42.680585, 44.890166 ] }, { "date": "2026-07-31", "close": 43.32, "volume": 29787500, "typical_volume": 26024575.0, "trend": 47.229863, "fair_value": 51.007707, "relative_strength": -16.868701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.757806, "energy": 34.708737, "activity_lines": [ 42.243333, 41.895818, 42.562799, 44.619541 ] }, { "date": "2026-08-07", "close": 41.700001, "volume": 22505400, "typical_volume": 25137840.0, "trend": 46.920369, "fair_value": 50.977172, "relative_strength": -16.603866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.067934, "energy": 31.343117, "activity_lines": [ 42.180667, 41.878546, 42.338703, 44.262775 ] } ], "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." } } }