{ "ticker": { "uuid": "5dbdea3c-f43f-4aa2-a9dd-17d6d48dcc23", "symbol": "OFSA3", "name": "Ouro Fino Sa\u00fade Animal Participa\u00e7\u00f5es 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 51.222, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -23.883, "architecture_energy": 50.653, "architecture_maturity": 9.315, "architecture_confidence": 66.266, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 35.18, "rotation_up": 15.39, "upward_expansion": 25.53, "deceleration": 50.69, "rotation_down": 62.1, "downward_expansion": 50.53 }, "activity_lines": [ 26.406667, 26.989273, 28.379407, 28.272136 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 26.42, "trend_reference": 27.562004, "distance_from_trend": -0.041434, "trend_direction": "Improving", "fair_value": 21.568712, "distance_from_fair_value": 0.224922, "fair_value_direction": "Weakening", "relative_strength": 2.316867, "relative_strength_direction": "Weakening", "price_momentum": 0.132776, "excess_performance": 0.189825, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.041434, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.067393, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.224922, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.369137, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.023169, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.193877, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.132776, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.251152, "read": "Supply-led" } ], "volume": { "latest": 77800, "relative_activity": 1.345904, "balance": 0.251152, "dry_up": 1.479976, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.069004, "annualized_volatility": 0.292447, "from_high_reference": -0.238397, "from_low_reference": 0.332265 }, "levels": { "trend_reference": 27.562004, "fair_value_reference": 21.568712, "structural_low": 22.730263, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.078688, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.027845, "regime_survival": 0.2, "best_return": 0.135331, "worst_return": -0.132, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.026079, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.011941, "regime_survival": 0.25, "best_return": 0.126472, "worst_return": -0.102295, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.046829, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.005997, "regime_survival": 0.0, "best_return": 0.26233, "worst_return": -0.162146, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.201106, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.141629, "regime_survival": 0.0, "best_return": -0.15369, "worst_return": -0.248523, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": -0.031696, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2024-12-20", "tenure": "New", "return": -0.042344, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": -0.15105, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-03-28", "tenure": "Developing", "return": 0.19891, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": 0.027313, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-07-11", "tenure": "Developing", "return": 0.015727, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-09-26", "tenure": "Developing", "return": -0.000449, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.029038, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.087655, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": 0.037662, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": -0.011379, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-06-05", "tenure": "Established", "return": 0.281984, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-17", "tenure": "Developing", "return": -0.13799, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.016154, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 20.930288, "volume": 56100, "typical_volume": 51655.0, "trend": 22.288923, "fair_value": 23.283753, "relative_strength": -7.03476, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.068946, "energy": 54.621701, "activity_lines": [ 21.414594, 21.769894, 21.973414, 22.083365 ] }, { "date": "2023-08-25", "close": 20.921385, "volume": 29900, "typical_volume": 52380.0, "trend": 22.230953, "fair_value": 23.268715, "relative_strength": -7.54706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.125759, "energy": 53.101145, "activity_lines": [ 21.209832, 21.558981, 21.863264, 21.995137 ] }, { "date": "2023-09-01", "close": 20.47625, "volume": 82200, "typical_volume": 53885.0, "trend": 22.131347, "fair_value": 23.247682, "relative_strength": -11.142422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.06555, "energy": 66.126899, "activity_lines": [ 20.914263, 21.293518, 21.715846, 21.88193 ] }, { "date": "2023-09-08", "close": 19.817448, "volume": 19100, "typical_volume": 51415.0, "trend": 22.024505, "fair_value": 23.220829, "relative_strength": -11.979466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.363842, "energy": 74.050576, "activity_lines": [ 20.462598, 20.947283, 21.516171, 21.732646 ] }, { "date": "2023-09-15", "close": 19.630489, "volume": 49700, "typical_volume": 51565.0, "trend": 21.907013, "fair_value": 23.192245, "relative_strength": -15.252427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.518137, "energy": 76.356745, "activity_lines": [ 20.10827, 20.643943, 21.310773, 21.578194 ] }, { "date": "2023-09-22", "close": 19.452436, "volume": 50400, "typical_volume": 52470.0, "trend": 21.803023, "fair_value": 23.174554, "relative_strength": -13.949668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.557027, "energy": 77.166919, "activity_lines": [ 19.807358, 20.360351, 21.101347, 21.419834 ] }, { "date": "2023-09-29", "close": 19.399021, "volume": 50500, "typical_volume": 52010.0, "trend": 21.684, "fair_value": 23.155136, "relative_strength": -14.489464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.818849, "energy": 77.101279, "activity_lines": [ 19.587164, 20.106058, 20.900188, 21.264737 ] }, { "date": "2023-10-06", "close": 19.114132, "volume": 34600, "typical_volume": 49230.0, "trend": 21.55607, "fair_value": 23.132294, "relative_strength": -14.00047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.934203, "energy": 77.415089, "activity_lines": [ 19.373499, 19.843346, 20.683173, 21.098939 ] }, { "date": "2023-10-13", "close": 18.704609, "volume": 32000, "typical_volume": 48740.0, "trend": 21.42833, "fair_value": 23.101562, "relative_strength": -16.87487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.536583, "energy": 81.781664, "activity_lines": [ 19.114133, 19.548262, 20.439196, 20.914974 ] }, { "date": "2023-10-20", "close": 17.671892, "volume": 45400, "typical_volume": 46600.0, "trend": 21.287075, "fair_value": 23.052525, "relative_strength": -19.522464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.80946, "energy": 90.802352, "activity_lines": [ 18.584718, 19.129187, 20.112128, 20.672623 ] }, { "date": "2023-10-27", "close": 16.808327, "volume": 119700, "typical_volume": 51695.0, "trend": 21.118506, "fair_value": 23.013926, "relative_strength": -23.305626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.381371, "energy": 91.28299, "activity_lines": [ 17.898021, 18.619465, 19.720832, 20.383672 ] }, { "date": "2023-11-03", "close": 17.102119, "volume": 51200, "typical_volume": 52300.0, "trend": 20.955313, "fair_value": 22.968097, "relative_strength": -24.859675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.725894, "energy": 87.165639, "activity_lines": [ 17.485529, 18.238105, 19.383843, 20.12455 ] }, { "date": "2023-11-10", "close": 18.517649, "volume": 10000, "typical_volume": 51980.0, "trend": 20.816629, "fair_value": 22.920568, "relative_strength": -19.986548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.305787, "energy": 62.912178, "activity_lines": [ 17.698006, 18.183556, 19.206763, 19.967281 ] }, { "date": "2023-11-17", "close": 19.523659, "volume": 28100, "typical_volume": 51145.0, "trend": 20.722261, "fair_value": 22.871232, "relative_strength": -18.340562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.578175, "energy": 47.947007, "activity_lines": [ 18.285586, 18.347528, 19.145038, 19.883864 ] }, { "date": "2023-11-24", "close": 19.140841, "volume": 24200, "typical_volume": 49555.0, "trend": 20.615428, "fair_value": 22.818638, "relative_strength": -19.939792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.619442, "energy": 27.914136, "activity_lines": [ 18.690957, 18.447238, 19.06839, 19.781837 ] }, { "date": "2023-12-01", "close": 19.683907, "volume": 15500, "typical_volume": 46670.0, "trend": 20.529665, "fair_value": 22.754515, "relative_strength": -19.052399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.111999, "energy": 26.582811, "activity_lines": [ 19.17942, 18.654591, 19.059445, 19.721738 ] }, { "date": "2023-12-08", "close": 19.88867, "volume": 35200, "typical_volume": 45205.0, "trend": 20.467049, "fair_value": 22.692295, "relative_strength": -17.254971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.460609, "energy": 24.505083, "activity_lines": [ 19.544431, 18.894964, 19.079115, 19.680384 ] }, { "date": "2023-12-15", "close": 21.900684, "volume": 54300, "typical_volume": 45780.0, "trend": 20.475655, "fair_value": 22.64517, "relative_strength": -10.886568, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 19.575288, "energy": 30.244493, "activity_lines": [ 20.394344, 19.492256, 19.299437, 19.772877 ] }, { "date": "2023-12-22", "close": 23.029417, "volume": 51400, "typical_volume": 45410.0, "trend": 20.512983, "fair_value": 22.605174, "relative_strength": -7.874276, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.19259, "energy": 59.172709, "activity_lines": [ 21.394966, 20.244107, 19.625009, 19.937635 ] }, { "date": "2023-12-29", "close": 23.416544, "volume": 57000, "typical_volume": 44825.0, "trend": 20.578349, "fair_value": 22.550108, "relative_strength": -7.127661, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.094617, "energy": 74.067944, "activity_lines": [ 22.290912, 20.987712, 19.98356, 20.124962 ] }, { "date": "2024-01-05", "close": 23.002411, "volume": 59900, "typical_volume": 45015.0, "trend": 20.600533, "fair_value": 22.499946, "relative_strength": -7.080431, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.721041, "energy": 75.834271, "activity_lines": [ 22.763768, 21.551572, 20.292695, 20.281353 ] }, { "date": "2024-01-12", "close": 22.957394, "volume": 38100, "typical_volume": 45425.0, "trend": 20.620028, "fair_value": 22.454031, "relative_strength": -6.184959, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.285494, "energy": 74.465641, "activity_lines": [ 23.000384, 21.994627, 20.587676, 20.433409 ] }, { "date": "2024-01-19", "close": 21.156815, "volume": 136000, "typical_volume": 48115.0, "trend": 20.571195, "fair_value": 22.406994, "relative_strength": -10.880622, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.322995, "energy": 41.774244, "activity_lines": [ 22.432226, 22.003845, 20.701478, 20.46804 ] }, { "date": "2024-01-26", "close": 20.88673, "volume": 18300, "typical_volume": 48075.0, "trend": 20.465878, "fair_value": 22.364112, "relative_strength": -12.569533, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 47.18894, "energy": 35.379543, "activity_lines": [ 21.823631, 21.915971, 20.786317, 20.488397 ] }, { "date": "2024-02-02", "close": 20.778692, "volume": 17300, "typical_volume": 46455.0, "trend": 20.408596, "fair_value": 22.317945, "relative_strength": -11.313937, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.492901, "energy": 25.024011, "activity_lines": [ 21.321868, 21.783671, 20.855775, 20.508579 ] }, { "date": "2024-02-09", "close": 19.986439, "volume": 12800, "typical_volume": 44575.0, "trend": 20.354877, "fair_value": 22.262164, "relative_strength": -14.752582, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.956482, "energy": 27.01189, "activity_lines": [ 20.731878, 21.477546, 20.844312, 20.481343 ] }, { "date": "2024-02-16", "close": 18.681019, "volume": 19600, "typical_volume": 43030.0, "trend": 20.251413, "fair_value": 22.194613, "relative_strength": -20.194664, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.993814, "energy": 34.871648, "activity_lines": [ 19.907813, 20.928572, 20.705981, 20.373352 ] }, { "date": "2024-02-23", "close": 19.068144, "volume": 35100, "typical_volume": 43055.0, "trend": 20.172723, "fair_value": 22.141909, "relative_strength": -18.408747, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.582923, "energy": 39.259078, "activity_lines": [ 19.497882, 20.471941, 20.607937, 20.297012 ] }, { "date": "2024-03-01", "close": 19.824387, "volume": 83900, "typical_volume": 45650.0, "trend": 20.093127, "fair_value": 22.095132, "relative_strength": -14.398878, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.365304, "energy": 35.267141, "activity_lines": [ 19.479276, 20.204309, 20.582136, 20.274539 ] }, { "date": "2024-03-08", "close": 21.066786, "volume": 24400, "typical_volume": 44600.0, "trend": 20.084619, "fair_value": 22.068251, "relative_strength": -6.968439, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.09061, "energy": 20.693525, "activity_lines": [ 19.945626, 20.220842, 20.669327, 20.337355 ] }, { "date": "2024-03-15", "close": 20.931744, "volume": 14700, "typical_volume": 39350.0, "trend": 20.084668, "fair_value": 22.040451, "relative_strength": -6.763051, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 25.381687, "energy": 13.761071, "activity_lines": [ 20.347755, 20.255544, 20.72749, 20.392008 ] }, { "date": "2024-03-22", "close": 22.597279, "volume": 16400, "typical_volume": 37610.0, "trend": 20.140531, "fair_value": 22.024407, "relative_strength": 0.909793, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 59.134609, "energy": 39.281953, "activity_lines": [ 21.242043, 20.630719, 20.92464, 20.554112 ] }, { "date": "2024-03-29", "close": 22.50725, "volume": 68300, "typical_volume": 40525.0, "trend": 20.208231, "fair_value": 21.994828, "relative_strength": 0.086171, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 59.228052, "energy": 47.805065, "activity_lines": [ 21.845237, 20.996073, 21.087048, 20.706804 ] }, { "date": "2024-04-05", "close": 21.570948, "volume": 40200, "typical_volume": 41130.0, "trend": 20.266681, "fair_value": 21.954226, "relative_strength": -2.572653, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.30965, "energy": 56.905883, "activity_lines": [ 21.907057, 21.166637, 21.141287, 20.794721 ] }, { "date": "2024-04-12", "close": 20.88673, "volume": 24100, "typical_volume": 41125.0, "trend": 20.308556, "fair_value": 21.909004, "relative_strength": -4.527159, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.275577, "energy": 47.307602, "activity_lines": [ 21.624366, 21.200357, 21.120613, 20.834724 ] }, { "date": "2024-04-19", "close": 19.536293, "volume": 53900, "typical_volume": 43045.0, "trend": 20.311351, "fair_value": 21.853497, "relative_strength": -9.531828, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.320804, "energy": 7.108261, "activity_lines": [ 20.903534, 20.986579, 20.963013, 20.784901 ] }, { "date": "2024-04-26", "close": 19.536293, "volume": 64300, "typical_volume": 44500.0, "trend": 20.315927, "fair_value": 21.801518, "relative_strength": -9.93647, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.709174, "energy": 24.476419, "activity_lines": [ 20.275732, 20.780985, 20.806115, 20.734897 ] }, { "date": "2024-05-03", "close": 19.57288, "volume": 6200, "typical_volume": 42095.0, "trend": 20.331218, "fair_value": 21.747874, "relative_strength": -10.564616, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.022518, "energy": 34.194697, "activity_lines": [ 19.864191, 20.566493, 20.65438, 20.686959 ] }, { "date": "2024-05-10", "close": 19.664341, "volume": 17300, "typical_volume": 40390.0, "trend": 20.363209, "fair_value": 21.674788, "relative_strength": -9.028129, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.137218, "energy": 40.980462, "activity_lines": [ 19.678761, 20.359454, 20.52244, 20.643934 ] }, { "date": "2024-05-17", "close": 19.591173, "volume": 9200, "typical_volume": 38000.0, "trend": 20.427186, "fair_value": 21.59586, "relative_strength": -9.318281, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.513993, "energy": 51.723819, "activity_lines": [ 19.59605, 20.142021, 20.399556, 20.594126 ] }, { "date": "2024-05-24", "close": 19.298494, "volume": 15000, "typical_volume": 35755.0, "trend": 20.510191, "fair_value": 21.523088, "relative_strength": -7.463445, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.254608, "energy": 46.996796, "activity_lines": [ 19.502149, 19.898203, 20.267014, 20.521307 ] }, { "date": "2024-05-31", "close": 18.804598, "volume": 22100, "typical_volume": 34955.0, "trend": 20.56694, "fair_value": 21.436079, "relative_strength": -7.814294, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.640923, "energy": 57.43721, "activity_lines": [ 19.25947, 19.594281, 20.105071, 20.411268 ] }, { "date": "2024-06-07", "close": 18.063757, "volume": 15000, "typical_volume": 28905.0, "trend": 20.551811, "fair_value": 21.356369, "relative_strength": -10.042411, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.945706, "energy": 72.349177, "activity_lines": [ 18.818623, 19.224619, 19.892348, 20.249773 ] }, { "date": "2024-06-14", "close": 17.37779, "volume": 13200, "typical_volume": 28650.0, "trend": 20.480282, "fair_value": 21.277853, "relative_strength": -12.221167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.210879, "energy": 82.12422, "activity_lines": [ 18.249729, 18.811026, 19.629023, 20.044997 ] }, { "date": "2024-06-21", "close": 16.920483, "volume": 11800, "typical_volume": 28375.0, "trend": 20.40627, "fair_value": 21.196351, "relative_strength": -15.214187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.238718, "energy": 91.835734, "activity_lines": [ 17.680836, 18.390525, 19.338855, 19.815333 ] }, { "date": "2024-06-28", "close": 17.487547, "volume": 38900, "typical_volume": 29680.0, "trend": 20.333058, "fair_value": 21.120113, "relative_strength": -13.5557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.282479, "energy": 86.106004, "activity_lines": [ 17.47901, 18.145241, 19.121065, 19.627028 ] }, { "date": "2024-07-05", "close": 17.039383, "volume": 16800, "typical_volume": 29540.0, "trend": 20.238081, "fair_value": 21.042087, "relative_strength": -16.813623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.991095, "energy": 88.274402, "activity_lines": [ 17.248526, 17.855722, 18.872492, 19.414533 ] }, { "date": "2024-07-12", "close": 17.268036, "volume": 15600, "typical_volume": 28565.0, "trend": 20.08366, "fair_value": 20.96824, "relative_strength": -16.929831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.681968, "energy": 83.434713, "activity_lines": [ 17.211941, 17.653175, 18.653513, 19.222917 ] }, { "date": "2024-07-19", "close": 17.816811, "volume": 8100, "typical_volume": 24775.0, "trend": 19.909906, "fair_value": 20.90106, "relative_strength": -12.997932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.723293, "energy": 59.380988, "activity_lines": [ 17.411328, 17.592312, 18.495371, 19.076669 ] }, { "date": "2024-07-26", "close": 17.469255, "volume": 71400, "typical_volume": 27125.0, "trend": 19.711663, "fair_value": 20.839467, "relative_strength": -14.187685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.987478, "energy": 53.597047, "activity_lines": [ 17.465596, 17.501848, 18.313687, 18.919207 ] }, { "date": "2024-08-02", "close": 17.835102, "volume": 32800, "typical_volume": 28030.0, "trend": 19.53942, "fair_value": 20.780436, "relative_strength": -10.775887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.12624, "energy": 40.704729, "activity_lines": [ 17.605228, 17.516482, 18.183977, 18.798139 ] }, { "date": "2024-08-09", "close": 20.258846, "volume": 10700, "typical_volume": 27745.0, "trend": 19.449468, "fair_value": 20.744759, "relative_strength": -2.042463, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -3.527251, "energy": 17.183812, "activity_lines": [ 18.529604, 17.998404, 18.299846, 18.844554 ] }, { "date": "2024-08-16", "close": 20.121653, "volume": 14700, "typical_volume": 25065.0, "trend": 19.414963, "fair_value": 20.709015, "relative_strength": -4.770118, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 15.530505, "energy": 28.961395, "activity_lines": [ 19.193618, 18.42894, 18.413785, 18.88792 ] }, { "date": "2024-08-23", "close": 20.752743, "volume": 15800, "typical_volume": 23845.0, "trend": 19.410497, "fair_value": 20.689801, "relative_strength": -2.654753, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.263261, "energy": 48.966904, "activity_lines": [ 19.877755, 18.936804, 18.599187, 18.974229 ] }, { "date": "2024-08-30", "close": 20.752743, "volume": 31600, "typical_volume": 24220.0, "trend": 19.409632, "fair_value": 20.669556, "relative_strength": -2.687067, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.351732, "energy": 57.388312, "activity_lines": [ 20.366163, 19.383306, 18.788485, 19.060825 ] }, { "date": "2024-09-06", "close": 20.460064, "volume": 15100, "typical_volume": 22280.0, "trend": 19.425419, "fair_value": 20.648194, "relative_strength": -2.802304, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.941162, "energy": 66.555304, "activity_lines": [ 20.538112, 19.706915, 18.950547, 19.128595 ] }, { "date": "2024-09-13", "close": 19.938728, "volume": 23700, "typical_volume": 20250.0, "trend": 19.467343, "fair_value": 20.619691, "relative_strength": -5.293198, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.508599, "energy": 58.882781, "activity_lines": [ 20.361284, 19.881691, 19.05856, 19.161712 ] }, { "date": "2024-09-20", "close": 19.938728, "volume": 8800, "typical_volume": 20380.0, "trend": 19.496362, "fair_value": 20.58728, "relative_strength": -2.347945, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.488885, "energy": 33.652223, "activity_lines": [ 20.205798, 20.003751, 19.164656, 19.192124 ] }, { "date": "2024-09-27", "close": 19.188738, "volume": 15900, "typical_volume": 20310.0, "trend": 19.475174, "fair_value": 20.554512, "relative_strength": -6.948987, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.065169, "energy": 16.699595, "activity_lines": [ 19.81251, 19.940891, 19.197582, 19.172277 ] }, { "date": "2024-10-04", "close": 18.585093, "volume": 19200, "typical_volume": 20810.0, "trend": 19.392451, "fair_value": 20.521946, "relative_strength": -8.937212, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -9.341946, "energy": 16.364954, "activity_lines": [ 19.322275, 19.743333, 19.175283, 19.114852 ] }, { "date": "2024-10-11", "close": 19.344227, "volume": 24000, "typical_volume": 21260.0, "trend": 19.339534, "fair_value": 20.490175, "relative_strength": -3.752442, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.817543, "energy": 14.011166, "activity_lines": [ 19.229594, 19.663512, 19.230073, 19.111741 ] }, { "date": "2024-10-18", "close": 19.764952, "volume": 33600, "typical_volume": 21835.0, "trend": 19.245123, "fair_value": 20.464845, "relative_strength": -1.983668, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.749485, "energy": 13.614265, "activity_lines": [ 19.351543, 19.632747, 19.324714, 19.139188 ] }, { "date": "2024-10-25", "close": 19.764952, "volume": 33300, "typical_volume": 22750.0, "trend": 19.153713, "fair_value": 20.455853, "relative_strength": -1.573083, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.7749, "energy": 19.201829, "activity_lines": [ 19.485078, 19.610963, 19.414783, 19.172725 ] }, { "date": "2024-11-01", "close": 19.609467, "volume": 22500, "typical_volume": 23215.0, "trend": 19.08833, "fair_value": 20.437452, "relative_strength": -1.099102, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.743615, "energy": 22.057609, "activity_lines": [ 19.57837, 19.567394, 19.481942, 19.202128 ] }, { "date": "2024-11-08", "close": 20.121653, "volume": 10500, "typical_volume": 23150.0, "trend": 19.062827, "fair_value": 20.417829, "relative_strength": 1.665759, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 57.268351, "energy": 34.994535, "activity_lines": [ 19.814341, 19.637736, 19.587254, 19.268794 ] }, { "date": "2024-11-15", "close": 20.487501, "volume": 4300, "typical_volume": 21420.0, "trend": 19.094534, "fair_value": 20.40587, "relative_strength": 3.490926, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.210642, "energy": 51.034708, "activity_lines": [ 20.069825, 19.786071, 19.712165, 19.360709 ] }, { "date": "2024-11-22", "close": 20.688719, "volume": 46900, "typical_volume": 22925.0, "trend": 19.132949, "fair_value": 20.402799, "relative_strength": 3.328215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.1558, "energy": 61.114275, "activity_lines": [ 20.316163, 19.970492, 19.841954, 19.46356 ] }, { "date": "2024-11-29", "close": 18.841185, "volume": 38400, "typical_volume": 24065.0, "trend": 19.108559, "fair_value": 20.382458, "relative_strength": -3.26505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.84107, "energy": 27.047852, "activity_lines": [ 19.885072, 19.805361, 19.77841, 19.444736 ] }, { "date": "2024-12-06", "close": 19.838121, "volume": 7000, "typical_volume": 24010.0, "trend": 19.114351, "fair_value": 20.373284, "relative_strength": 1.615702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.448459, "energy": 23.424559, "activity_lines": [ 19.847877, 19.841447, 19.80232, 19.491805 ] }, { "date": "2024-12-13", "close": 18.575945, "volume": 36200, "typical_volume": 22250.0, "trend": 19.08051, "fair_value": 20.35553, "relative_strength": -3.601941, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.017074, "energy": 7.70769, "activity_lines": [ 19.374714, 19.63624, 19.696399, 19.457069 ] }, { "date": "2024-12-20", "close": 17.789373, "volume": 37900, "typical_volume": 22505.0, "trend": 19.030206, "fair_value": 20.332732, "relative_strength": -5.459433, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.809881, "energy": 31.787006, "activity_lines": [ 18.742406, 19.288185, 19.510295, 19.37377 ] }, { "date": "2024-12-27", "close": 18.408215, "volume": 34200, "typical_volume": 23680.0, "trend": 19.016994, "fair_value": 20.31066, "relative_strength": -0.413056, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.022937, "energy": 42.040085, "activity_lines": [ 18.496255, 19.080918, 19.383347, 19.333641 ] }, { "date": "2025-01-03", "close": 15.0904, "volume": 53700, "typical_volume": 25630.0, "trend": 18.917882, "fair_value": 20.275505, "relative_strength": -16.677342, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -63.691082, "energy": 74.851589, "activity_lines": [ 17.296199, 18.295079, 18.949229, 19.080312 ] }, { "date": "2025-01-10", "close": 15.457998, "volume": 59000, "typical_volume": 27790.0, "trend": 18.853889, "fair_value": 20.245287, "relative_strength": -14.392481, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.972444, "energy": 78.140378, "activity_lines": [ 16.468728, 17.661068, 18.574079, 18.857094 ] }, { "date": "2025-01-17", "close": 15.62766, "volume": 11300, "typical_volume": 26775.0, "trend": 18.810795, "fair_value": 20.218355, "relative_strength": -15.517749, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.053662, "energy": 87.23947, "activity_lines": [ 15.98982, 17.133386, 18.240299, 18.64895 ] }, { "date": "2025-01-24", "close": 17.295992, "volume": 36200, "typical_volume": 27830.0, "trend": 18.804409, "fair_value": 20.1919, "relative_strength": -6.326258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.171384, "energy": 79.030973, "activity_lines": [ 16.263574, 16.990746, 18.089814, 18.551221 ] }, { "date": "2025-01-31", "close": 17.248863, "volume": 94400, "typical_volume": 31365.0, "trend": 18.811392, "fair_value": 20.165637, "relative_strength": -9.003904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.402819, "energy": 56.927146, "activity_lines": [ 16.554511, 16.897565, 17.949908, 18.450863 ] }, { "date": "2025-02-07", "close": 17.060352, "volume": 52200, "typical_volume": 33535.0, "trend": 18.804469, "fair_value": 20.136298, "relative_strength": -8.679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.428412, "energy": 36.554536, "activity_lines": [ 16.8599, 16.832651, 17.804857, 18.337893 ] }, { "date": "2025-02-14", "close": 17.625891, "volume": 64200, "typical_volume": 35950.0, "trend": 18.798105, "fair_value": 20.113935, "relative_strength": -8.210643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.228646, "energy": 22.955884, "activity_lines": [ 17.222473, 16.902942, 17.727373, 18.261856 ] }, { "date": "2025-02-21", "close": 17.484503, "volume": 11400, "typical_volume": 35560.0, "trend": 18.798614, "fair_value": 20.097752, "relative_strength": -8.049801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.784637, "energy": 21.85108, "activity_lines": [ 17.39339, 16.987748, 17.643866, 18.177107 ] }, { "date": "2025-02-28", "close": 16.777584, "volume": 70300, "typical_volume": 37875.0, "trend": 18.763363, "fair_value": 20.063304, "relative_strength": -8.458858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.623678, "energy": 22.471171, "activity_lines": [ 17.204878, 16.963868, 17.498274, 18.046718 ] }, { "date": "2025-03-07", "close": 16.928392, "volume": 10600, "typical_volume": 36725.0, "trend": 18.652348, "fair_value": 20.034493, "relative_strength": -8.931075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.027558, "energy": 23.478445, "activity_lines": [ 17.101196, 16.985804, 17.379267, 17.928333 ] }, { "date": "2025-03-14", "close": 18.050039, "volume": 13500, "typical_volume": 35735.0, "trend": 18.583294, "fair_value": 20.020012, "relative_strength": -5.542518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.318653, "energy": 16.510281, "activity_lines": [ 17.392761, 17.238581, 17.380591, 17.889474 ] }, { "date": "2025-03-21", "close": 19.888033, "volume": 15400, "typical_volume": 35380.0, "trend": 18.55447, "fair_value": 20.009403, "relative_strength": 1.776358, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.467698, "energy": 16.718759, "activity_lines": [ 18.231011, 17.771728, 17.565128, 17.973651 ] }, { "date": "2025-03-28", "close": 20.736338, "volume": 27800, "typical_volume": 36245.0, "trend": 18.553924, "fair_value": 20.005002, "relative_strength": 6.730856, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.922861, "energy": 48.560383, "activity_lines": [ 19.20122, 18.378565, 17.829129, 18.114417 ] }, { "date": "2025-04-04", "close": 21.14164, "volume": 8100, "typical_volume": 36435.0, "trend": 18.576643, "fair_value": 20.013086, "relative_strength": 12.848555, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.803981, "energy": 72.517732, "activity_lines": [ 20.089741, 18.966209, 18.128804, 18.281366 ] }, { "date": "2025-04-11", "close": 21.085087, "volume": 14600, "typical_volume": 34820.0, "trend": 18.614855, "fair_value": 20.020258, "relative_strength": 12.181464, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.190674, "energy": 73.587743, "activity_lines": [ 20.668474, 19.47365, 18.419978, 18.443201 ] }, { "date": "2025-04-18", "close": 21.424408, "volume": 8300, "typical_volume": 33315.0, "trend": 18.664377, "fair_value": 20.032693, "relative_strength": 12.123073, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.977419, "energy": 77.109319, "activity_lines": [ 21.083201, 19.973036, 18.741581, 18.624463 ] }, { "date": "2025-04-25", "close": 21.71909, "volume": 27900, "typical_volume": 34360.0, "trend": 18.748722, "fair_value": 20.044242, "relative_strength": 9.275416, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.470339, "energy": 87.643069, "activity_lines": [ 21.371197, 20.446654, 19.078947, 18.821541 ] }, { "date": "2025-05-02", "close": 21.71909, "volume": 13300, "typical_volume": 33215.0, "trend": 18.853189, "fair_value": 20.064061, "relative_strength": 8.836601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.766537, "energy": 80.237249, "activity_lines": [ 21.537123, 20.84585, 19.407357, 19.013178 ] }, { "date": "2025-05-09", "close": 21.624207, "volume": 10000, "typical_volume": 31820.0, "trend": 18.929188, "fair_value": 20.079443, "relative_strength": 7.207321, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.855177, "energy": 67.456788, "activity_lines": [ 21.605905, 21.150802, 19.711762, 19.191953 ] }, { "date": "2025-05-16", "close": 21.443926, "volume": 31400, "typical_volume": 31680.0, "trend": 18.985154, "fair_value": 20.095889, "relative_strength": 4.254175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.295948, "energy": 58.811748, "activity_lines": [ 21.582421, 21.334855, 19.980737, 19.354194 ] }, { "date": "2025-05-23", "close": 23.056963, "volume": 20600, "typical_volume": 30025.0, "trend": 19.094888, "fair_value": 20.118844, "relative_strength": 13.02773, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.150879, "energy": 61.723145, "activity_lines": [ 22.072694, 21.730087, 20.388879, 19.616891 ] }, { "date": "2025-05-30", "close": 23.341619, "volume": 32400, "typical_volume": 28695.0, "trend": 19.219293, "fair_value": 20.142459, "relative_strength": 14.844988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.824453, "energy": 62.768321, "activity_lines": [ 22.549015, 22.08604, 20.786195, 19.890874 ] }, { "date": "2025-06-06", "close": 23.237244, "volume": 13200, "typical_volume": 28790.0, "trend": 19.323146, "fair_value": 20.172344, "relative_strength": 14.79357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.135292, "energy": 61.102198, "activity_lines": [ 22.882376, 22.360223, 21.136029, 20.150097 ] }, { "date": "2025-06-13", "close": 24.148138, "volume": 23500, "typical_volume": 28155.0, "trend": 19.445167, "fair_value": 20.213619, "relative_strength": 17.858696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.065774, "energy": 73.696204, "activity_lines": [ 23.418158, 22.754553, 21.536379, 20.461386 ] }, { "date": "2025-06-20", "close": 24.12916, "volume": 9200, "typical_volume": 23895.0, "trend": 19.559849, "fair_value": 20.25616, "relative_strength": 17.29754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.521201, "energy": 80.603309, "activity_lines": [ 23.779352, 23.090768, 21.902292, 20.76358 ] }, { "date": "2025-06-27", "close": 23.237244, "volume": 27800, "typical_volume": 22675.0, "trend": 19.706384, "fair_value": 20.296702, "relative_strength": 12.754029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.224567, "energy": 61.677652, "activity_lines": [ 23.664225, 23.209469, 22.150498, 21.000831 ] }, { "date": "2025-07-04", "close": 22.165049, "volume": 43300, "typical_volume": 21630.0, "trend": 19.783948, "fair_value": 20.32693, "relative_strength": 3.757555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.927821, "energy": 49.714526, "activity_lines": [ 23.179681, 23.100266, 22.267176, 21.159454 ] }, { "date": "2025-07-11", "close": 22.060675, "volume": 4800, "typical_volume": 21300.0, "trend": 19.900106, "fair_value": 20.35871, "relative_strength": 6.899575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.00092, "energy": 33.747282, "activity_lines": [ 22.738784, 22.963977, 22.352299, 21.30634 ] }, { "date": "2025-07-18", "close": 21.121317, "volume": 29200, "typical_volume": 19245.0, "trend": 20.011171, "fair_value": 20.377251, "relative_strength": 4.252145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.794049, "energy": 24.80111, "activity_lines": [ 22.063205, 22.650685, 22.326167, 21.385128 ] }, { "date": "2025-07-25", "close": 20.390705, "volume": 56200, "typical_volume": 21525.0, "trend": 20.077254, "fair_value": 20.381728, "relative_strength": 0.339587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.319581, "energy": 21.768204, "activity_lines": [ 21.345877, 22.213698, 22.209769, 21.409614 ] }, { "date": "2025-08-01", "close": 20.770245, "volume": 23200, "typical_volume": 22010.0, "trend": 20.266582, "fair_value": 20.390636, "relative_strength": 2.849655, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.36907, "energy": 25.628473, "activity_lines": [ 21.004293, 21.864868, 22.113031, 21.454323 ] }, { "date": "2025-08-08", "close": 21.273132, "volume": 18200, "typical_volume": 22150.0, "trend": 20.46042, "fair_value": 20.402601, "relative_strength": 2.627418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.304546, "energy": 23.181817, "activity_lines": [ 20.994804, 21.649048, 22.051233, 21.519262 ] }, { "date": "2025-08-15", "close": 22.146072, "volume": 9800, "typical_volume": 21250.0, "trend": 20.6777, "fair_value": 20.42427, "relative_strength": 6.339517, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.954504, "energy": 17.766368, "activity_lines": [ 21.335757, 21.629554, 22.065977, 21.628014 ] }, { "date": "2025-08-22", "close": 21.083364, "volume": 16200, "typical_volume": 21655.0, "trend": 20.803946, "fair_value": 20.439626, "relative_strength": 0.045623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.663423, "energy": 11.187578, "activity_lines": [ 21.31678, 21.436679, 21.972797, 21.654185 ] }, { "date": "2025-08-29", "close": 20.447636, "volume": 54500, "typical_volume": 23650.0, "trend": 20.910571, "fair_value": 20.451351, "relative_strength": -5.245354, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.331487, "energy": 15.459198, "activity_lines": [ 21.088424, 21.183941, 21.819349, 21.631198 ] }, { "date": "2025-09-05", "close": 20.324286, "volume": 8100, "typical_volume": 23640.0, "trend": 21.019369, "fair_value": 20.449795, "relative_strength": -6.508646, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.399786, "energy": 26.141878, "activity_lines": [ 20.815156, 20.975712, 21.65719, 21.593373 ] }, { "date": "2025-09-12", "close": 21.054899, "volume": 8900, "typical_volume": 22690.0, "trend": 21.133669, "fair_value": 20.461693, "relative_strength": -2.899367, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.654032, "energy": 37.154185, "activity_lines": [ 20.815156, 20.953285, 21.569851, 21.595665 ] }, { "date": "2025-09-19", "close": 21.832952, "volume": 62900, "typical_volume": 25170.0, "trend": 21.278618, "fair_value": 20.474693, "relative_strength": -1.760998, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.856565, "energy": 17.036845, "activity_lines": [ 21.089057, 21.092507, 21.559775, 21.64078 ] }, { "date": "2025-09-26", "close": 21.11183, "volume": 16100, "typical_volume": 25475.0, "trend": 21.423093, "fair_value": 20.483793, "relative_strength": -4.73973, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.749482, "energy": 10.811861, "activity_lines": [ 21.143458, 21.104756, 21.480478, 21.63002 ] }, { "date": "2025-10-03", "close": 20.912571, "volume": 22900, "typical_volume": 25050.0, "trend": 21.555899, "fair_value": 20.494945, "relative_strength": -4.871562, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.565944, "energy": 10.049162, "activity_lines": [ 21.129541, 21.080948, 21.384645, 21.597083 ] }, { "date": "2025-10-10", "close": 21.424948, "volume": 6400, "typical_volume": 24340.0, "trend": 21.668396, "fair_value": 20.505718, "relative_strength": -0.145472, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.475841, "energy": 17.72339, "activity_lines": [ 21.255421, 21.140812, 21.340139, 21.588634 ] }, { "date": "2025-10-17", "close": 20.79871, "volume": 12400, "typical_volume": 23340.0, "trend": 21.698752, "fair_value": 20.505649, "relative_strength": -4.825173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.442591, "energy": 21.659705, "activity_lines": [ 21.099178, 21.07491, 21.243764, 21.532526 ] }, { "date": "2025-10-24", "close": 20.305309, "volume": 15500, "typical_volume": 23455.0, "trend": 21.684384, "fair_value": 20.502917, "relative_strength": -8.693022, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.136433, "energy": 39.729665, "activity_lines": [ 20.795547, 20.927925, 21.112507, 21.442626 ] }, { "date": "2025-10-31", "close": 20.67536, "volume": 13500, "typical_volume": 22955.0, "trend": 21.668841, "fair_value": 20.493953, "relative_strength": -8.952678, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.764521, "energy": 37.414155, "activity_lines": [ 20.717109, 20.881691, 21.030454, 21.377528 ] }, { "date": "2025-11-07", "close": 22.487658, "volume": 40300, "typical_volume": 24510.0, "trend": 21.715594, "fair_value": 20.498493, "relative_strength": -3.740295, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.0109, "energy": 6.062286, "activity_lines": [ 21.271868, 21.172383, 21.137538, 21.430355 ] }, { "date": "2025-11-14", "close": 21.91835, "volume": 27400, "typical_volume": 24490.0, "trend": 21.732058, "fair_value": 20.505768, "relative_strength": -8.11415, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.948297, "energy": 8.938516, "activity_lines": [ 21.531853, 21.322473, 21.19822, 21.443436 ] }, { "date": "2025-11-21", "close": 21.823463, "volume": 17600, "typical_volume": 23205.0, "trend": 21.735537, "fair_value": 20.512434, "relative_strength": -6.528486, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.652473, "energy": 16.323439, "activity_lines": [ 21.727315, 21.426329, 21.256144, 21.449333 ] }, { "date": "2025-11-28", "close": 22.174538, "volume": 23700, "typical_volume": 24150.0, "trend": 21.750719, "fair_value": 20.521351, "relative_strength": -7.469152, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.779825, "energy": 24.987202, "activity_lines": [ 21.971485, 21.580042, 21.349131, 21.477655 ] }, { "date": "2025-12-05", "close": 22.743845, "volume": 15400, "typical_volume": 23460.0, "trend": 21.78804, "fair_value": 20.533918, "relative_strength": -3.907168, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.75669, "energy": 41.951656, "activity_lines": [ 22.280808, 21.831055, 21.495796, 21.541728 ] }, { "date": "2025-12-12", "close": 22.592028, "volume": 11500, "typical_volume": 21225.0, "trend": 21.82631, "fair_value": 20.555559, "relative_strength": -6.463321, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.190642, "energy": 42.484353, "activity_lines": [ 22.401627, 22.024792, 21.620275, 21.593598 ] }, { "date": "2025-12-19", "close": 22.051186, "volume": 35700, "typical_volume": 21850.0, "trend": 21.792784, "fair_value": 20.558165, "relative_strength": -7.303872, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.059709, "energy": 36.017737, "activity_lines": [ 22.335208, 22.089658, 21.682764, 21.608106 ] }, { "date": "2025-12-26", "close": 22.384367, "volume": 60100, "typical_volume": 23945.0, "trend": 21.760876, "fair_value": 20.563871, "relative_strength": -7.155141, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.713041, "energy": 29.510995, "activity_lines": [ 22.370993, 22.203717, 21.770884, 21.646273 ] }, { "date": "2026-01-02", "close": 22.334955, "volume": 119200, "typical_volume": 29415.0, "trend": 21.7308, "fair_value": 20.571128, "relative_strength": -7.294077, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.922514, "energy": 20.077951, "activity_lines": [ 22.352913, 22.279961, 21.849006, 21.68331 ] }, { "date": "2026-01-09", "close": 23.323227, "volume": 15800, "typical_volume": 29395.0, "trend": 21.703303, "fair_value": 20.570563, "relative_strength": -5.024257, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.958653, "energy": 37.073271, "activity_lines": [ 22.653564, 22.498989, 22.02035, 21.786048 ] }, { "date": "2026-01-16", "close": 24.212671, "volume": 19100, "typical_volume": 27625.0, "trend": 21.706086, "fair_value": 20.575699, "relative_strength": -2.497263, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.211168, "energy": 57.658631, "activity_lines": [ 23.21207, 22.831591, 22.265737, 21.947942 ] }, { "date": "2026-01-23", "close": 23.718536, "volume": 20200, "typical_volume": 28230.0, "trend": 21.722129, "fair_value": 20.582481, "relative_strength": -11.897612, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.332926, "energy": 58.91363, "activity_lines": [ 23.497821, 23.042986, 22.446135, 22.077778 ] }, { "date": "2026-01-30", "close": 24.252203, "volume": 50600, "typical_volume": 30315.0, "trend": 21.791701, "fair_value": 20.587531, "relative_strength": -11.125174, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.086324, "energy": 69.300348, "activity_lines": [ 23.850305, 23.318681, 22.661196, 22.241008 ] }, { "date": "2026-02-06", "close": 23.323227, "volume": 12200, "typical_volume": 27780.0, "trend": 21.833786, "fair_value": 20.589457, "relative_strength": -15.168361, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.100863, "energy": 62.487581, "activity_lines": [ 23.768608, 23.381312, 22.772557, 22.339816 ] }, { "date": "2026-02-13", "close": 23.629591, "volume": 47100, "typical_volume": 29330.0, "trend": 21.917395, "fair_value": 20.592498, "relative_strength": -15.557659, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.564792, "energy": 44.262545, "activity_lines": [ 23.723148, 23.47876, 22.905999, 22.455675 ] }, { "date": "2026-02-20", "close": 24.143494, "volume": 14700, "typical_volume": 28920.0, "trend": 22.042488, "fair_value": 20.602571, "relative_strength": -15.446956, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.544341, "energy": 41.501571, "activity_lines": [ 23.828564, 23.653541, 23.076395, 22.599294 ] }, { "date": "2026-02-27", "close": 24.212671, "volume": 77700, "typical_volume": 32485.0, "trend": 22.157236, "fair_value": 20.610539, "relative_strength": -14.327967, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.499959, "energy": 38.857982, "activity_lines": [ 23.961651, 23.812691, 23.237994, 22.739306 ] }, { "date": "2026-03-06", "close": 25.092234, "volume": 45800, "typical_volume": 34155.0, "trend": 22.284539, "fair_value": 20.624258, "relative_strength": -6.60604, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.044355, "energy": 47.65277, "activity_lines": [ 24.354983, 24.092462, 23.470085, 22.92866 ] }, { "date": "2026-03-13", "close": 26.821711, "volume": 20800, "typical_volume": 34420.0, "trend": 22.440394, "fair_value": 20.651725, "relative_strength": 0.650914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.646735, "energy": 75.759002, "activity_lines": [ 25.268806, 24.637449, 23.846444, 23.221381 ] }, { "date": "2026-03-20", "close": 26.525229, "volume": 26900, "typical_volume": 35090.0, "trend": 22.621789, "fair_value": 20.681313, "relative_strength": 0.345125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.066402, "energy": 80.021021, "activity_lines": [ 25.850568, 25.046953, 24.163536, 23.484919 ] }, { "date": "2026-03-27", "close": 27.671625, "volume": 31300, "typical_volume": 34640.0, "trend": 22.862589, "fair_value": 20.718532, "relative_strength": 1.666696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.587197, "energy": 88.039114, "activity_lines": [ 26.621421, 25.606675, 24.561952, 23.810715 ] }, { "date": "2026-04-03", "close": 27.226902, "volume": 52700, "typical_volume": 35905.0, "trend": 23.092676, "fair_value": 20.752052, "relative_strength": -3.156959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.622839, "energy": 84.313044, "activity_lines": [ 27.008824, 26.022648, 24.893327, 24.092283 ] }, { "date": "2026-04-10", "close": 28.650015, "volume": 29700, "typical_volume": 36510.0, "trend": 23.345847, "fair_value": 20.790333, "relative_strength": -2.633691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.7816, "energy": 91.000636, "activity_lines": [ 27.669648, 26.63358, 25.334959, 24.450821 ] }, { "date": "2026-04-17", "close": 31.190001, "volume": 91200, "typical_volume": 39885.0, "trend": 23.657749, "fair_value": 20.846969, "relative_strength": 6.940793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.898155, "energy": 95.698578, "activity_lines": [ 28.93995, 27.626367, 25.985986, 24.956896 ] }, { "date": "2026-04-24", "close": 31.540001, "volume": 35400, "typical_volume": 40885.0, "trend": 24.005354, "fair_value": 20.905906, "relative_strength": 10.909778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.151989, "energy": 94.797088, "activity_lines": [ 30.035699, 28.539759, 26.627416, 25.465428 ] }, { "date": "2026-05-01", "close": 31.5, "volume": 185600, "typical_volume": 49590.0, "trend": 24.358269, "fair_value": 20.965157, "relative_strength": 12.687493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.981445, "energy": 90.379712, "activity_lines": [ 30.783796, 29.302052, 27.22315, 25.948954 ] }, { "date": "2026-05-08", "close": 33.540001, "volume": 51700, "typical_volume": 50390.0, "trend": 24.762104, "fair_value": 21.040625, "relative_strength": 21.704539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.367475, "energy": 89.036685, "activity_lines": [ 31.956668, 30.301499, 27.970751, 26.541324 ] }, { "date": "2026-05-15", "close": 32.259998, "volume": 26700, "typical_volume": 48720.0, "trend": 25.144147, "fair_value": 21.108685, "relative_strength": 21.131508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.63197, "energy": 66.973531, "activity_lines": [ 32.282, 30.898631, 28.541738, 27.025059 ] }, { "date": "2026-05-22", "close": 30.629999, "volume": 33900, "typical_volume": 44455.0, "trend": 25.488303, "fair_value": 21.164585, "relative_strength": 15.615392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.06804, "energy": 62.943995, "activity_lines": [ 31.823333, 31.069077, 28.91046, 27.378985 ] }, { "date": "2026-05-29", "close": 30.68, "volume": 31200, "typical_volume": 45225.0, "trend": 25.821791, "fair_value": 21.223717, "relative_strength": 17.325083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.428874, "energy": 53.877608, "activity_lines": [ 31.418666, 31.179372, 29.244444, 27.713933 ] }, { "date": "2026-06-05", "close": 29.9, "volume": 27400, "typical_volume": 45640.0, "trend": 26.068869, "fair_value": 21.272198, "relative_strength": 17.475871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.813136, "energy": 36.914163, "activity_lines": [ 30.811333, 31.072308, 29.469111, 27.977043 ] }, { "date": "2026-06-12", "close": 29.35, "volume": 9800, "typical_volume": 45120.0, "trend": 26.316591, "fair_value": 21.316925, "relative_strength": 13.955748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.959713, "energy": 24.983474, "activity_lines": [ 30.127333, 30.824727, 29.614313, 28.188729 ] }, { "date": "2026-06-19", "close": 28.370001, "volume": 5400, "typical_volume": 42860.0, "trend": 26.534809, "fair_value": 21.353773, "relative_strength": 11.931451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.65449, "energy": 25.329216, "activity_lines": [ 29.396, 30.360364, 29.639366, 28.321207 ] }, { "date": "2026-06-26", "close": 27.5, "volume": 4200, "typical_volume": 42460.0, "trend": 26.712324, "fair_value": 21.375912, "relative_strength": 5.694349, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.016743, "energy": 21.377386, "activity_lines": [ 28.634, 29.742909, 29.561953, 28.383478 ] }, { "date": "2026-07-03", "close": 28.799999, "volume": 400, "typical_volume": 40125.0, "trend": 26.914196, "fair_value": 21.416315, "relative_strength": 9.952971, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.518541, "energy": 19.620085, "activity_lines": [ 28.514, 29.428909, 29.58846, 28.518166 ] }, { "date": "2026-07-10", "close": 27.4, "volume": 197300, "typical_volume": 49255.0, "trend": 27.074461, "fair_value": 21.453507, "relative_strength": 2.594995, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.92006, "energy": 18.558727, "activity_lines": [ 28.052667, 28.910182, 29.457013, 28.549508 ] }, { "date": "2026-07-17", "close": 25.299999, "volume": 159800, "typical_volume": 53360.0, "trend": 27.182755, "fair_value": 21.47604, "relative_strength": -2.845752, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.476389, "energy": 38.030592, "activity_lines": [ 27.058, 28.084182, 29.110059, 28.435027 ] }, { "date": "2026-07-24", "close": 26.0, "volume": 47500, "typical_volume": 53445.0, "trend": 27.303276, "fair_value": 21.505342, "relative_strength": -0.303354, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.203341, "energy": 51.136007, "activity_lines": [ 26.566666, 27.535273, 28.824594, 28.35872 ] }, { "date": "2026-07-31", "close": 27.0, "volume": 57100, "typical_volume": 55260.0, "trend": 27.458778, "fair_value": 21.536032, "relative_strength": 1.296472, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.949604, "energy": 49.851693, "activity_lines": [ 26.566666, 27.282, 28.630044, 28.339154 ] }, { "date": "2026-08-07", "close": 26.42, "volume": 77800, "typical_volume": 57805.0, "trend": 27.562004, "fair_value": 21.568712, "relative_strength": 2.316867, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.88337, "energy": 50.652821, "activity_lines": [ 26.406667, 26.989273, 28.379407, 28.272136 ] } ], "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." } } }