{ "ticker": { "uuid": "5dc95124-2e01-4500-8f3b-08f4539ca847", "symbol": "HEART", "name": "Scandinavian Real Heart AB (Publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 91.206, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 29.437, "architecture_energy": 22.325, "architecture_maturity": 69.406, "architecture_confidence": 89.139, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 51.01, "rotation_up": 19.48, "upward_expansion": 52.8, "deceleration": 93.51, "rotation_down": 32.14, "downward_expansion": 18.8 }, "activity_lines": [ 19.446667, 20.18, 19.721667, 18.504731 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 20.1, "trend_reference": 16.98, "distance_from_trend": 0.183746, "trend_direction": "Improving", "fair_value": 24.427079, "distance_from_fair_value": -0.177143, "fair_value_direction": "Improving", "relative_strength": 2.451291, "relative_strength_direction": "Improving", "price_momentum": 0.435714, "excess_performance": 0.37422, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.183746, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.144795, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.177143, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.205888, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.024513, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.020264, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.435714, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.944456, "read": "Demand-led" } ], "volume": { "latest": 11605, "relative_activity": 0.230735, "balance": 1.944456, "dry_up": 0.230308, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.119786, "annualized_volatility": 0.348189, "from_high_reference": -0.33, "from_low_reference": 0.552124 }, "levels": { "trend_reference": 16.98, "fair_value_reference": 24.427079, "structural_low": 12.95, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.011441, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.048256, "regime_survival": 0.0, "best_return": 0.025064, "worst_return": -0.047945, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.044521, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.176049, "regime_survival": 0.0, "best_return": -0.044521, "worst_return": -0.044521, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.205479, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.104171, "regime_survival": 0.0, "best_return": 0.205479, "worst_return": 0.205479, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-01-24", "tenure": "Extended", "return": -0.607639, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.387681, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-07-18", "tenure": "Established", "return": -0.056338, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": 0.048327, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": 0.072886, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": 0.025974, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": -0.239796, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": 0.004807, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": -0.014085, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.032232, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-05-01", "tenure": "Established", "return": 0.285198, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": -0.002833, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-07-17", "tenure": "Developing", "return": -0.07, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.074866, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 47.438381, "volume": 28337, "typical_volume": 12730.6, "trend": 94.750832, "fair_value": 204.78068, "relative_strength": -61.002811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.156756, "energy": 32.060215, "activity_lines": [ 64.117753, 68.976919, 73.584974, 82.043376 ] }, { "date": "2023-08-25", "close": 48.912457, "volume": 22646, "typical_volume": 13801.6, "trend": 91.385401, "fair_value": 203.288717, "relative_strength": -58.970018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.47278, "energy": 47.605884, "activity_lines": [ 56.863522, 65.070014, 70.359487, 79.086061 ] }, { "date": "2023-09-01", "close": 53.602692, "volume": 23938, "typical_volume": 14878.2, "trend": 88.862308, "fair_value": 201.927125, "relative_strength": -54.864783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.419015, "energy": 54.811744, "activity_lines": [ 53.272142, 62.588453, 67.937901, 76.648467 ] }, { "date": "2023-09-08", "close": 47.304379, "volume": 14944, "typical_volume": 15528.65, "trend": 86.054706, "fair_value": 200.541877, "relative_strength": -59.106679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.81857, "energy": 59.252639, "activity_lines": [ 49.680763, 59.032402, 65.193831, 73.96731 ] }, { "date": "2023-09-15", "close": 48.108418, "volume": 12032, "typical_volume": 16033.1, "trend": 83.437948, "fair_value": 199.178501, "relative_strength": -57.82988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.690716, "energy": 53.802927, "activity_lines": [ 49.055398, 55.907609, 62.86564, 71.519163 ] }, { "date": "2023-09-22", "close": 50.118519, "volume": 11661, "typical_volume": 16519.55, "trend": 81.290844, "fair_value": 197.883735, "relative_strength": -54.326557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.624094, "energy": 44.442291, "activity_lines": [ 49.403816, 53.510107, 61.053709, 69.369522 ] }, { "date": "2023-09-29", "close": 49.448483, "volume": 9900, "typical_volume": 16817.55, "trend": 79.106492, "fair_value": 196.579102, "relative_strength": -53.553367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.583036, "energy": 37.59338, "activity_lines": [ 49.350213, 51.565791, 59.491086, 67.315176 ] }, { "date": "2023-10-06", "close": 47.572392, "volume": 9661, "typical_volume": 16552.95, "trend": 76.949082, "fair_value": 195.167709, "relative_strength": -54.054965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.106856, "energy": 34.330821, "activity_lines": [ 48.635511, 49.843195, 58.02136, 65.280718 ] }, { "date": "2023-10-13", "close": 47.170368, "volume": 9086, "typical_volume": 16738.45, "trend": 75.001965, "fair_value": 193.77603, "relative_strength": -54.012522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.677837, "energy": 40.483074, "activity_lines": [ 48.188821, 48.729721, 56.563767, 63.359511 ] }, { "date": "2023-10-20", "close": 45.696297, "volume": 10463, "typical_volume": 17081.85, "trend": 73.736449, "fair_value": 192.118564, "relative_strength": -51.741163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.735932, "energy": 47.745396, "activity_lines": [ 47.259708, 48.086489, 55.028771, 61.468823 ] }, { "date": "2023-10-27", "close": 44.758247, "volume": 8217, "typical_volume": 17287.35, "trend": 71.276452, "fair_value": 190.382641, "relative_strength": -50.894948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.033179, "energy": 51.832767, "activity_lines": [ 46.17872, 47.3994, 53.464857, 59.599261 ] }, { "date": "2023-11-03", "close": 44.758247, "volume": 11984, "typical_volume": 17509.25, "trend": 68.637499, "fair_value": 188.897484, "relative_strength": -51.521299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.420807, "energy": 62.489351, "activity_lines": [ 45.455083, 46.76104, 52.076611, 57.888409 ] }, { "date": "2023-11-10", "close": 42.74815, "volume": 7103, "typical_volume": 17277.3, "trend": 66.334194, "fair_value": 187.28799, "relative_strength": -52.362509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.727747, "energy": 75.745521, "activity_lines": [ 44.374096, 45.832739, 50.666669, 56.218129 ] }, { "date": "2023-11-17", "close": 31.42458, "volume": 33980, "typical_volume": 18514.0, "trend": 63.429741, "fair_value": 185.745223, "relative_strength": -65.384245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.427371, "energy": 84.958637, "activity_lines": [ 39.840202, 43.042963, 48.248486, 53.965896 ] }, { "date": "2023-11-24", "close": 33.434681, "volume": 14020, "typical_volume": 18562.85, "trend": 60.666857, "fair_value": 184.298929, "relative_strength": -62.727683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.249776, "energy": 85.276428, "activity_lines": [ 37.026061, 40.907383, 46.17202, 52.03073 ] }, { "date": "2023-12-01", "close": 33.501682, "volume": 9422, "typical_volume": 17622.4, "trend": 57.921119, "fair_value": 182.791767, "relative_strength": -62.092449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.313855, "energy": 82.448068, "activity_lines": [ 35.051695, 39.05078, 44.266572, 50.278138 ] }, { "date": "2023-12-08", "close": 36.181816, "volume": 7952, "typical_volume": 17647.95, "trend": 55.577892, "fair_value": 181.26835, "relative_strength": -59.178488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.310276, "energy": 59.42141, "activity_lines": [ 34.721144, 37.983599, 42.8461, 48.875603 ] }, { "date": "2023-12-15", "close": 36.04781, "volume": 15058, "typical_volume": 18098.85, "trend": 54.840799, "fair_value": 179.849953, "relative_strength": -59.63791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.414652, "energy": 51.222116, "activity_lines": [ 34.917687, 37.133265, 41.623448, 47.615598 ] }, { "date": "2023-12-22", "close": 36.583839, "volume": 9673, "typical_volume": 17747.0, "trend": 54.047008, "fair_value": 178.36812, "relative_strength": -57.865497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.164476, "energy": 43.296407, "activity_lines": [ 35.739595, 36.589929, 40.685401, 46.437729 ] }, { "date": "2023-12-29", "close": 37.521885, "volume": 10775, "typical_volume": 14042.6, "trend": 53.351595, "fair_value": 176.903446, "relative_strength": -56.110685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.450415, "energy": 31.921723, "activity_lines": [ 36.530235, 36.409629, 40.080456, 45.371592 ] }, { "date": "2024-01-05", "close": 39.665993, "volume": 4527, "typical_volume": 12852.1, "trend": 51.952177, "fair_value": 175.430227, "relative_strength": -51.176801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.042173, "energy": 25.949329, "activity_lines": [ 37.763097, 36.767793, 39.751821, 44.48865 ] }, { "date": "2024-01-12", "close": 41.274075, "volume": 7658, "typical_volume": 12102.7, "trend": 50.647844, "fair_value": 173.928307, "relative_strength": -48.192567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.676944, "energy": 18.809859, "activity_lines": [ 39.121033, 37.510921, 39.613347, 43.79974 ] }, { "date": "2024-01-19", "close": 39.263973, "volume": 9185, "typical_volume": 11365.05, "trend": 50.040347, "fair_value": 172.45251, "relative_strength": -47.690612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.502035, "energy": 16.15198, "activity_lines": [ 39.46945, 37.951925, 39.319809, 43.065297 ] }, { "date": "2024-01-26", "close": 41.676094, "volume": 8225, "typical_volume": 11029.1, "trend": 49.330112, "fair_value": 170.719121, "relative_strength": -44.51434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.420625, "energy": 15.816391, "activity_lines": [ 40.407497, 38.894845, 39.324276, 42.525668 ] }, { "date": "2024-02-02", "close": 41.542088, "volume": 5388, "typical_volume": 10696.9, "trend": 48.447901, "fair_value": 168.600367, "relative_strength": -43.305607, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.488018, "energy": 11.543616, "activity_lines": [ 40.961392, 39.627009, 39.342782, 42.023215 ] }, { "date": "2024-02-09", "close": 38.727947, "volume": 10560, "typical_volume": 10641.85, "trend": 47.014029, "fair_value": 166.563879, "relative_strength": -45.327072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.748043, "energy": 9.949835, "activity_lines": [ 40.309226, 39.700104, 39.124542, 41.396121 ] }, { "date": "2024-02-16", "close": 38.191917, "volume": 27190, "typical_volume": 11506.35, "trend": 45.606958, "fair_value": 164.635406, "relative_strength": -45.952755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.902069, "energy": 14.470367, "activity_lines": [ 39.54092, 39.580716, 38.909493, 40.826952 ] }, { "date": "2024-02-23", "close": 40.872051, "volume": 17906, "typical_volume": 11918.6, "trend": 44.132884, "fair_value": 162.590373, "relative_strength": -41.44157, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.836786, "energy": 13.019489, "activity_lines": [ 39.871469, 39.912078, 39.003298, 40.521474 ] }, { "date": "2024-03-01", "close": 42.21212, "volume": 11974, "typical_volume": 12063.0, "trend": 42.614141, "fair_value": 160.626373, "relative_strength": -38.768953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.248441, "energy": 6.943569, "activity_lines": [ 40.541502, 40.399375, 39.256634, 40.397554 ] }, { "date": "2024-03-08", "close": 37.923904, "volume": 11568, "typical_volume": 12118.25, "trend": 42.122783, "fair_value": 158.662747, "relative_strength": -44.189899, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.355974, "energy": 14.069105, "activity_lines": [ 39.746396, 40.004664, 39.12518, 40.094958 ] }, { "date": "2024-03-15", "close": 40.872051, "volume": 12595, "typical_volume": 12337.15, "trend": 41.903905, "fair_value": 156.846187, "relative_strength": -39.474121, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.950656, "energy": 6.797641, "activity_lines": [ 40.175217, 40.13867, 39.311513, 40.014266 ] }, { "date": "2024-03-22", "close": 40.470032, "volume": 7033, "typical_volume": 12089.6, "trend": 41.622491, "fair_value": 154.882165, "relative_strength": -39.026091, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.020227, "energy": 6.336988, "activity_lines": [ 40.327091, 40.177654, 39.478064, 39.921758 ] }, { "date": "2024-03-29", "close": 40.738049, "volume": 5223, "typical_volume": 11995.6, "trend": 41.19367, "fair_value": 152.997877, "relative_strength": -36.498936, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.975834, "energy": 4.930999, "activity_lines": [ 40.41643, 40.279987, 39.69056, 39.864697 ] }, { "date": "2024-04-05", "close": 39.799999, "volume": 7330, "typical_volume": 10663.1, "trend": 40.943524, "fair_value": 151.191163, "relative_strength": -35.643707, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.367613, "energy": 2.906405, "activity_lines": [ 40.20202, 40.184964, 39.823291, 39.774783 ] }, { "date": "2024-04-12", "close": 41.408081, "volume": 8970, "typical_volume": 10410.6, "trend": 40.720179, "fair_value": 149.205291, "relative_strength": -31.325832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.416897, "energy": 3.927876, "activity_lines": [ 40.684444, 40.41643, 40.069289, 39.804754 ] }, { "date": "2024-04-19", "close": 55.34478, "volume": 29680, "typical_volume": 11423.5, "trend": 40.894388, "fair_value": 147.286467, "relative_strength": -5.720684, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 53.127617, "energy": 53.059641, "activity_lines": [ 45.580157, 43.184278, 41.604623, 40.748277 ] }, { "date": "2024-04-26", "close": 56.014812, "volume": 23813, "typical_volume": 12216.55, "trend": 41.113265, "fair_value": 145.544686, "relative_strength": -4.355377, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 77.647897, "energy": 71.82977, "activity_lines": [ 49.734365, 45.771826, 43.099755, 41.723788 ] }, { "date": "2024-05-03", "close": 55.076767, "volume": 9508, "typical_volume": 11939.05, "trend": 41.363411, "fair_value": 143.835901, "relative_strength": -2.854204, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.918517, "energy": 75.306457, "activity_lines": [ 52.539572, 47.864768, 44.411107, 42.624659 ] }, { "date": "2024-05-10", "close": 28.342424, "volume": 45333, "typical_volume": 13722.05, "trend": 40.735813, "fair_value": 142.100628, "relative_strength": -50.095209, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.746915, "energy": 31.416562, "activity_lines": [ 45.477418, 44.838652, 43.085717, 41.784596 ] }, { "date": "2024-05-17", "close": 25.729292, "volume": 24712, "typical_volume": 14418.9, "trend": 40.070246, "fair_value": 140.387611, "relative_strength": -53.608438, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -17.674482, "energy": 16.122821, "activity_lines": [ 38.308057, 41.589598, 41.550701, 40.816433 ] }, { "date": "2024-05-24", "close": 25.595285, "volume": 23771, "typical_volume": 15381.1, "trend": 39.431481, "fair_value": 138.740606, "relative_strength": -53.536673, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -31.75673, "energy": 36.864096, "activity_lines": [ 32.139281, 38.537899, 40.059079, 39.882565 ] }, { "date": "2024-05-31", "close": 33.434681, "volume": 25823, "typical_volume": 16289.35, "trend": 39.054029, "fair_value": 136.015414, "relative_strength": -38.114266, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.245577, "energy": 37.528581, "activity_lines": [ 30.566936, 37.189305, 39.381069, 39.495674 ] }, { "date": "2024-06-07", "close": 45.099998, "volume": 8858, "typical_volume": 16273.0, "trend": 39.132424, "fair_value": 133.919467, "relative_strength": -15.714493, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.706571, "energy": 25.820027, "activity_lines": [ 34.388372, 38.089592, 39.851372, 39.885737 ] }, { "date": "2024-06-14", "close": 31.0, "volume": 26685, "typical_volume": 17196.0, "trend": 39.118271, "fair_value": 131.833441, "relative_strength": -39.376336, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.798271, "energy": 23.395437, "activity_lines": [ 34.174926, 36.346935, 38.951027, 39.361064 ] }, { "date": "2024-06-21", "close": 32.0, "volume": 7742, "typical_volume": 17313.7, "trend": 39.070448, "fair_value": 129.999018, "relative_strength": -36.909231, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.351105, "energy": 23.377801, "activity_lines": [ 34.117643, 34.946097, 38.196759, 38.901821 ] }, { "date": "2024-06-28", "close": 30.4, "volume": 26378, "typical_volume": 18104.6, "trend": 38.967059, "fair_value": 128.310369, "relative_strength": -39.044861, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.924071, "energy": 24.142896, "activity_lines": [ 33.108978, 33.425405, 37.335548, 38.342437 ] }, { "date": "2024-07-05", "close": 30.700001, "volume": 10963, "typical_volume": 17293.25, "trend": 38.784332, "fair_value": 126.679369, "relative_strength": -36.991779, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.971689, "energy": 29.493602, "activity_lines": [ 31.88, 32.412801, 36.542566, 37.809079 ] }, { "date": "2024-07-12", "close": 28.799999, "volume": 19961, "typical_volume": 17396.0, "trend": 38.542738, "fair_value": 124.997182, "relative_strength": -41.044035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.854558, "energy": 34.504766, "activity_lines": [ 30.2, 31.51501, 35.604308, 37.164928 ] }, { "date": "2024-07-19", "close": 29.6, "volume": 10389, "typical_volume": 17316.75, "trend": 38.309943, "fair_value": 123.230962, "relative_strength": -36.372776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.667266, "energy": 37.339987, "activity_lines": [ 29.873333, 31.240434, 34.799725, 36.587977 ] }, { "date": "2024-07-26", "close": 28.299999, "volume": 5899, "typical_volume": 17033.3, "trend": 38.002547, "fair_value": 121.450836, "relative_strength": -37.582468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.166507, "energy": 38.624156, "activity_lines": [ 29.206666, 30.70663, 33.931391, 35.942175 ] }, { "date": "2024-08-02", "close": 22.4, "volume": 54519, "typical_volume": 19129.5, "trend": 37.427014, "fair_value": 119.766631, "relative_strength": -46.566446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.253965, "energy": 45.764873, "activity_lines": [ 26.82, 29.053358, 32.546981, 34.935559 ] }, { "date": "2024-08-09", "close": 22.799999, "volume": 31023, "typical_volume": 20329.0, "trend": 36.811211, "fair_value": 118.146171, "relative_strength": -44.507592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.493927, "energy": 55.816397, "activity_lines": [ 25.099999, 27.530909, 31.288627, 33.99188 ] }, { "date": "2024-08-16", "close": 23.299999, "volume": 43210, "typical_volume": 22228.35, "trend": 36.279079, "fair_value": 116.557595, "relative_strength": -44.128429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.721285, "energy": 56.58458, "activity_lines": [ 24.073333, 26.292727, 30.162036, 33.120189 ] }, { "date": "2024-08-23", "close": 23.200001, "volume": 21203, "typical_volume": 22922.0, "trend": 35.663209, "fair_value": 115.002793, "relative_strength": -44.041724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.842545, "energy": 57.04525, "activity_lines": [ 23.38, 25.432727, 29.108959, 32.276378 ] }, { "date": "2024-08-30", "close": 21.700001, "volume": 29608, "typical_volume": 23953.9, "trend": 35.001806, "fair_value": 113.375281, "relative_strength": -47.390258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.563297, "energy": 62.335549, "activity_lines": [ 22.613334, 24.441818, 27.992073, 31.375525 ] }, { "date": "2024-09-06", "close": 24.0, "volume": 39214, "typical_volume": 24430.6, "trend": 34.510875, "fair_value": 111.814135, "relative_strength": -38.215761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.765896, "energy": 53.376638, "activity_lines": [ 23.053334, 24.056364, 27.188082, 30.665732 ] }, { "date": "2024-09-13", "close": 23.5, "volume": 21401, "typical_volume": 24310.0, "trend": 34.021144, "fair_value": 110.318613, "relative_strength": -39.626608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.043204, "energy": 57.378238, "activity_lines": [ 23.22, 23.696364, 26.485733, 29.955353 ] }, { "date": "2024-09-20", "close": 22.1, "volume": 20244, "typical_volume": 24846.8, "trend": 33.395409, "fair_value": 108.894417, "relative_strength": -43.382202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.514369, "energy": 57.526493, "activity_lines": [ 22.873334, 23.212727, 25.804884, 29.186246 ] }, { "date": "2024-09-27", "close": 21.299999, "volume": 22783, "typical_volume": 23719.3, "trend": 32.698338, "fair_value": 107.539658, "relative_strength": -45.651396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.43979, "energy": 50.429391, "activity_lines": [ 22.34, 22.705454, 25.204876, 28.405897 ] }, { "date": "2024-10-04", "close": 19.6, "volume": 22111, "typical_volume": 23589.25, "trend": 32.087542, "fair_value": 106.110909, "relative_strength": -48.330134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.941789, "energy": 63.323564, "activity_lines": [ 21.366666, 22.04, 24.476498, 27.560843 ] }, { "date": "2024-10-11", "close": 19.049999, "volume": 22205, "typical_volume": 23510.95, "trend": 31.36014, "fair_value": 104.89946, "relative_strength": -48.523858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.364311, "energy": 70.913701, "activity_lines": [ 20.349999, 21.432727, 23.724927, 26.719712 ] }, { "date": "2024-10-18", "close": 19.799999, "volume": 9114, "typical_volume": 22675.5, "trend": 30.671139, "fair_value": 103.767384, "relative_strength": -45.560546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.297542, "energy": 67.10819, "activity_lines": [ 19.913333, 21.022727, 23.075952, 25.973896 ] }, { "date": "2024-10-25", "close": 20.0, "volume": 21492, "typical_volume": 23307.2, "trend": 29.979871, "fair_value": 102.688211, "relative_strength": -43.880704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.474136, "energy": 57.725271, "activity_lines": [ 19.789999, 20.703636, 22.510952, 25.285435 ] }, { "date": "2024-11-01", "close": 19.15, "volume": 18726, "typical_volume": 22909.25, "trend": 29.291537, "fair_value": 101.554836, "relative_strength": -44.47615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.698258, "energy": 51.261621, "activity_lines": [ 19.523333, 20.29, 21.984524, 24.586734 ] }, { "date": "2024-11-08", "close": 19.049999, "volume": 15160, "typical_volume": 23280.15, "trend": 28.546268, "fair_value": 100.446631, "relative_strength": -43.77571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.298396, "energy": 46.234863, "activity_lines": [ 19.366666, 19.931818, 21.505, 23.92599 ] }, { "date": "2024-11-15", "close": 19.1, "volume": 32448, "typical_volume": 23583.65, "trend": 27.338108, "fair_value": 99.335879, "relative_strength": -41.970137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.300956, "energy": 41.47928, "activity_lines": [ 19.263333, 19.630909, 21.091904, 23.316553 ] }, { "date": "2024-11-22", "close": 19.896, "volume": 26483, "typical_volume": 24359.65, "trend": 26.134148, "fair_value": 98.273247, "relative_strength": -39.017038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.508022, "energy": 35.796582, "activity_lines": [ 19.422, 19.563818, 20.808428, 22.836417 ] }, { "date": "2024-11-29", "close": 16.799999, "volume": 24099, "typical_volume": 24566.55, "trend": 24.858256, "fair_value": 97.104733, "relative_strength": -47.867524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.10287, "energy": 39.944036, "activity_lines": [ 18.542266, 18.999345, 20.281543, 22.234214 ] }, { "date": "2024-12-06", "close": 12.76, "volume": 44712, "typical_volume": 26282.7, "trend": 24.338842, "fair_value": 95.841492, "relative_strength": -61.300324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.495747, "energy": 50.9583, "activity_lines": [ 16.5292, 17.796691, 19.427038, 21.453681 ] }, { "date": "2024-12-13", "close": 13.18, "volume": 27573, "typical_volume": 27366.4, "trend": 23.920532, "fair_value": 94.440418, "relative_strength": -58.490937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.749751, "energy": 62.587758, "activity_lines": [ 15.082133, 16.825672, 18.692724, 20.733756 ] }, { "date": "2024-12-20", "close": 12.0, "volume": 15693, "typical_volume": 25425.1, "trend": 23.467356, "fair_value": 93.008836, "relative_strength": -60.311925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.441844, "energy": 74.686674, "activity_lines": [ 13.633067, 15.756836, 17.918028, 19.964689 ] }, { "date": "2024-12-27", "close": 12.8, "volume": 10353, "typical_volume": 24391.6, "trend": 22.779533, "fair_value": 91.570911, "relative_strength": -57.22289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.880911, "energy": 72.809458, "activity_lines": [ 12.924, 14.961636, 17.269047, 19.276473 ] }, { "date": "2025-01-03", "close": 11.798, "volume": 18809, "typical_volume": 23171.55, "trend": 21.669466, "fair_value": 90.206864, "relative_strength": -60.121812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.406562, "energy": 69.284691, "activity_lines": [ 12.354, 14.111527, 16.572257, 18.567987 ] }, { "date": "2025-01-10", "close": 10.51, "volume": 7369, "typical_volume": 22479.85, "trend": 20.986466, "fair_value": 89.075462, "relative_strength": -63.860772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.703834, "energy": 69.56945, "activity_lines": [ 11.688133, 13.176364, 15.807571, 17.848021 ] }, { "date": "2025-01-17", "close": 11.4, "volume": 18139, "typical_volume": 21906.4, "trend": 20.2998, "fair_value": 87.944029, "relative_strength": -61.382992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.362689, "energy": 58.429941, "activity_lines": [ 11.468933, 12.560109, 15.188076, 17.22954 ] }, { "date": "2025-01-24", "close": 11.3, "volume": 8395, "typical_volume": 20365.45, "trend": 19.663133, "fair_value": 86.814823, "relative_strength": -61.597675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.690096, "energy": 52.724541, "activity_lines": [ 11.335067, 12.064764, 14.608105, 16.648907 ] }, { "date": "2025-01-31", "close": 27.6, "volume": 370339, "typical_volume": 37812.35, "trend": 19.5598, "fair_value": 85.841726, "relative_strength": -5.037184, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -5.493578, "energy": 9.603339, "activity_lines": [ 16.6812, 14.674873, 15.64099, 17.160963 ] }, { "date": "2025-02-07", "close": 20.4, "volume": 152873, "typical_volume": 44443.8, "trend": 19.2798, "fair_value": 84.836815, "relative_strength": -27.878474, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -15.480735, "energy": 20.420393, "activity_lines": [ 18.640667, 15.835818, 15.968638, 17.21517 ] }, { "date": "2025-02-14", "close": 21.6, "volume": 77097, "typical_volume": 47159.5, "trend": 19.013133, "fair_value": 83.914161, "relative_strength": -24.738999, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.540075, "energy": 29.18682, "activity_lines": [ 20.426667, 17.149491, 16.418667, 17.36486 ] }, { "date": "2025-02-21", "close": 18.0, "volume": 76429, "typical_volume": 49875.4, "trend": 18.6698, "fair_value": 83.088881, "relative_strength": -36.269339, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.197901, "energy": 29.707761, "activity_lines": [ 20.273333, 17.647891, 16.524409, 17.299497 ] }, { "date": "2025-02-28", "close": 16.9, "volume": 47909, "typical_volume": 51160.6, "trend": 18.486466, "fair_value": 82.328247, "relative_strength": -38.933721, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.14161, "energy": 18.667465, "activity_lines": [ 19.313333, 17.858655, 16.533009, 17.185316 ] }, { "date": "2025-03-07", "close": 14.2, "volume": 44309, "typical_volume": 52920.35, "trend": 18.1998, "fair_value": 81.487212, "relative_strength": -47.78188, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.093571, "energy": 12.990306, "activity_lines": [ 17.08, 17.489418, 16.294705, 16.90877 ] }, { "date": "2025-03-14", "close": 14.0, "volume": 42460, "typical_volume": 53968.75, "trend": 17.8898, "fair_value": 80.590405, "relative_strength": -46.491555, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.290975, "energy": 23.804647, "activity_lines": [ 15.673333, 17.058364, 16.064019, 16.637815 ] }, { "date": "2025-03-21", "close": 13.9, "volume": 27684, "typical_volume": 54416.65, "trend": 17.5798, "fair_value": 79.649938, "relative_strength": -44.636501, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.311164, "energy": 28.554177, "activity_lines": [ 14.66, 16.569091, 15.852381, 16.380409 ] }, { "date": "2025-03-28", "close": 13.8, "volume": 13459, "typical_volume": 54331.6, "trend": 17.316467, "fair_value": 78.594116, "relative_strength": -41.903034, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.419013, "energy": 30.171647, "activity_lines": [ 14.126667, 16.0, 15.656219, 16.13655 ] }, { "date": "2025-04-04", "close": 14.9, "volume": 17691, "typical_volume": 53593.75, "trend": 17.013133, "fair_value": 77.648588, "relative_strength": -28.894646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.478118, "energy": 33.21403, "activity_lines": [ 14.24, 15.587273, 15.589819, 15.980649 ] }, { "date": "2025-04-11", "close": 15.8, "volume": 50533, "typical_volume": 54796.25, "trend": 16.756467, "fair_value": 76.694491, "relative_strength": -22.726687, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.264946, "energy": 23.238843, "activity_lines": [ 14.786667, 15.272727, 15.629133, 15.902383 ] }, { "date": "2025-04-18", "close": 14.5, "volume": 22868, "typical_volume": 54734.7, "trend": 16.503133, "fair_value": 75.505497, "relative_strength": -29.004388, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.772142, "energy": 21.192643, "activity_lines": [ 14.793333, 14.936364, 15.564143, 15.756804 ] }, { "date": "2025-04-25", "close": 14.2, "volume": 19163, "typical_volume": 53457.25, "trend": 16.266467, "fair_value": 74.392013, "relative_strength": -30.027557, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.153931, "energy": 16.93586, "activity_lines": [ 14.666667, 14.652727, 15.481533, 15.608215 ] }, { "date": "2025-05-02", "close": 14.8, "volume": 44847, "typical_volume": 54320.95, "trend": 16.106467, "fair_value": 73.397091, "relative_strength": -25.436714, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.930176, "energy": 16.94214, "activity_lines": [ 14.72, 14.612727, 15.44921, 15.513604 ] }, { "date": "2025-05-09", "close": 14.7, "volume": 59362, "typical_volume": 56504.4, "trend": 15.961467, "fair_value": 72.258133, "relative_strength": -24.670559, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.015463, "energy": 21.796146, "activity_lines": [ 14.673333, 14.612727, 15.399648, 15.422864 ] }, { "date": "2025-05-16", "close": 15.3, "volume": 33697, "typical_volume": 57671.6, "trend": 15.811467, "fair_value": 71.180379, "relative_strength": -23.813625, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.182203, "energy": 14.660176, "activity_lines": [ 14.84, 14.761818, 15.394371, 15.380189 ] }, { "date": "2025-05-23", "close": 14.0, "volume": 39030, "typical_volume": 58682.65, "trend": 15.611467, "fair_value": 70.079953, "relative_strength": -27.751373, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.887692, "energy": 25.547316, "activity_lines": [ 14.606667, 14.654545, 15.253381, 15.26332 ] }, { "date": "2025-05-30", "close": 14.0, "volume": 12923, "typical_volume": 58960.35, "trend": 15.4398, "fair_value": 69.022544, "relative_strength": -26.928275, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.873397, "energy": 27.857363, "activity_lines": [ 14.406667, 14.547273, 15.101905, 15.159355 ] }, { "date": "2025-06-06", "close": 13.9, "volume": 57184, "typical_volume": 60912.6, "trend": 15.268133, "fair_value": 67.915741, "relative_strength": -26.018604, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.209033, "energy": 32.24352, "activity_lines": [ 14.186667, 14.42, 14.924286, 15.060013 ] }, { "date": "2025-06-13", "close": 14.3, "volume": 81084, "typical_volume": 64547.05, "trend": 15.108133, "fair_value": 66.917613, "relative_strength": -20.687105, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.378751, "energy": 34.195469, "activity_lines": [ 14.16, 14.363636, 14.772857, 14.997553 ] }, { "date": "2025-06-20", "close": 15.0, "volume": 45620, "typical_volume": 48311.1, "trend": 14.944933, "fair_value": 65.889558, "relative_strength": -14.974651, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.969952, "energy": 13.265094, "activity_lines": [ 14.393333, 14.445455, 14.67381, 14.990576 ] }, { "date": "2025-06-27", "close": 14.9, "volume": 61347, "typical_volume": 43734.8, "trend": 14.8816, "fair_value": 64.855126, "relative_strength": -16.215293, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.421062, "energy": 5.409697, "activity_lines": [ 14.613333, 14.523636, 14.625238, 14.987677 ] }, { "date": "2025-07-04", "close": 13.45, "volume": 71026, "typical_volume": 43431.25, "trend": 14.9046, "fair_value": 63.831475, "relative_strength": -23.174624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.980012, "energy": 22.838815, "activity_lines": [ 14.29, 14.330909, 14.464762, 14.895316 ] }, { "date": "2025-07-11", "close": 13.15, "volume": 64842, "typical_volume": 42851.9, "trend": 14.9036, "fair_value": 62.897672, "relative_strength": -24.645664, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.109945, "energy": 31.131649, "activity_lines": [ 13.903333, 14.097273, 14.314524, 14.782116 ] }, { "date": "2025-07-18", "close": 13.4, "volume": 90848, "typical_volume": 44998.85, "trend": 14.950267, "fair_value": 61.913851, "relative_strength": -21.893035, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.718564, "energy": 41.999472, "activity_lines": [ 13.65, 13.939091, 14.21119, 14.68511 ] }, { "date": "2025-07-25", "close": 13.45, "volume": 75083, "typical_volume": 46537.55, "trend": 14.971933, "fair_value": 60.950425, "relative_strength": -22.102136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.283723, "energy": 49.069158, "activity_lines": [ 13.473333, 13.813636, 14.129286, 14.588318 ] }, { "date": "2025-08-01", "close": 14.1, "volume": 93463, "typical_volume": 49087.7, "trend": 15.048667, "fair_value": 60.008372, "relative_strength": -15.127416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.057341, "energy": 40.447643, "activity_lines": [ 13.616667, 13.84, 14.112857, 14.532065 ] }, { "date": "2025-08-08", "close": 13.35, "volume": 129260, "typical_volume": 54166.5, "trend": 15.143333, "fair_value": 59.029966, "relative_strength": -20.821594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.352749, "energy": 31.453569, "activity_lines": [ 13.563333, 13.728182, 14.024524, 14.422473 ] }, { "date": "2025-08-15", "close": 14.1, "volume": 89073, "typical_volume": 57947.2, "trend": 15.233333, "fair_value": 58.033424, "relative_strength": -16.612595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.124563, "energy": 19.277504, "activity_lines": [ 13.766667, 13.764545, 14.010238, 14.355161 ] }, { "date": "2025-08-22", "close": 17.15, "volume": 89996, "typical_volume": 61562.45, "trend": 15.428333, "fair_value": 57.070773, "relative_strength": 0.400877, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.699632, "energy": 14.427512, "activity_lines": [ 14.923333, 14.351818, 14.285, 14.478817 ] }, { "date": "2025-08-29", "close": 18.4, "volume": 54779, "typical_volume": 61774.75, "trend": 15.121667, "fair_value": 56.139078, "relative_strength": 10.783276, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.354477, "energy": 46.949123, "activity_lines": [ 16.246667, 15.114545, 14.668095, 14.670538 ] }, { "date": "2025-09-05", "close": 19.25, "volume": 63470, "typical_volume": 63804.85, "trend": 15.083333, "fair_value": 55.238642, "relative_strength": 16.690919, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.141566, "energy": 68.931245, "activity_lines": [ 17.523333, 15.97, 15.119762, 14.936882 ] }, { "date": "2025-09-12", "close": 19.75, "volume": 50525, "typical_volume": 65372.95, "trend": 15.021667, "fair_value": 54.358619, "relative_strength": 19.993261, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.301743, "energy": 84.250634, "activity_lines": [ 18.623333, 16.837273, 15.596429, 15.237957 ] }, { "date": "2025-09-19", "close": 19.6, "volume": 77494, "typical_volume": 67005.3, "trend": 15.075, "fair_value": 53.423144, "relative_strength": 19.009764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.724416, "energy": 83.341685, "activity_lines": [ 19.246667, 17.562727, 16.032381, 15.533333 ] }, { "date": "2025-09-26", "close": 20.200001, "volume": 30907, "typical_volume": 65582.55, "trend": 15.185, "fair_value": 52.508723, "relative_strength": 22.899424, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.587784, "energy": 83.844586, "activity_lines": [ 19.703334, 18.28, 16.502619, 15.863979 ] }, { "date": "2025-10-03", "close": 24.4, "volume": 38545, "typical_volume": 65824.95, "trend": 15.525, "fair_value": 51.592546, "relative_strength": 43.23768, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.103467, "energy": 90.184619, "activity_lines": [ 21.356667, 19.637273, 17.346667, 16.458495 ] }, { "date": "2025-10-10", "close": 28.799999, "volume": 138201, "typical_volume": 70783.5, "trend": 16.018333, "fair_value": 50.753329, "relative_strength": 68.704234, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.370822, "energy": 95.327354, "activity_lines": [ 24.076667, 21.595455, 18.566429, 17.314946 ] }, { "date": "2025-10-17", "close": 25.799999, "volume": 36174, "typical_volume": 71946.05, "trend": 16.415, "fair_value": 49.848994, "relative_strength": 50.590985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.833328, "energy": 85.5229, "activity_lines": [ 25.16, 22.740909, 19.43, 17.946021 ] }, { "date": "2025-10-24", "close": 28.4, "volume": 74062, "typical_volume": 72789.95, "trend": 16.901667, "fair_value": 49.027287, "relative_strength": 59.484727, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.646102, "energy": 88.151723, "activity_lines": [ 26.706666, 24.132727, 20.485, 18.719247 ] }, { "date": "2025-10-31", "close": 15.5, "volume": 129856, "typical_volume": 75228.55, "trend": 16.921667, "fair_value": 48.151567, "relative_strength": -11.833093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.214651, "energy": 41.000197, "activity_lines": [ 23.366666, 22.919091, 20.242381, 18.628817 ] }, { "date": "2025-11-07", "close": 14.9, "volume": 97153, "typical_volume": 77805.2, "trend": 16.891667, "fair_value": 47.277737, "relative_strength": -13.672023, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.3262, "energy": 14.858471, "activity_lines": [ 20.14, 21.626363, 19.936905, 18.498387 ] }, { "date": "2025-11-14", "close": 14.6, "volume": 92139, "typical_volume": 79344.8, "trend": 16.895, "fair_value": 46.390512, "relative_strength": -15.551678, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.084034, "energy": 22.239092, "activity_lines": [ 17.446667, 20.342727, 19.603333, 18.350538 ] }, { "date": "2025-11-21", "close": 14.670175, "volume": 68681, "typical_volume": 79227.55, "trend": 16.910672, "fair_value": 45.541019, "relative_strength": -12.665782, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.581495, "energy": 37.795746, "activity_lines": [ 15.723392, 19.156395, 19.277874, 18.207 ] }, { "date": "2025-11-28", "close": 14.2, "volume": 58481, "typical_volume": 78909.5, "trend": 16.890672, "fair_value": 44.745869, "relative_strength": -17.742021, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.152581, "energy": 39.425717, "activity_lines": [ 14.58538, 17.976938, 18.901825, 18.032118 ] }, { "date": "2025-12-05", "close": 14.4, "volume": 10509, "typical_volume": 74892.55, "trend": 16.880672, "fair_value": 43.952002, "relative_strength": -17.784483, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.007953, "energy": 49.798651, "activity_lines": [ 14.460702, 16.932025, 18.539824, 17.87143 ] }, { "date": "2025-12-12", "close": 13.9, "volume": 18667, "typical_volume": 72071.75, "trend": 16.834006, "fair_value": 43.232363, "relative_strength": -20.424935, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.629651, "energy": 48.777375, "activity_lines": [ 14.24269, 15.901659, 18.125443, 17.679128 ] }, { "date": "2025-12-19", "close": 14.35, "volume": 14514, "typical_volume": 68124.3, "trend": 16.845672, "fair_value": 42.507004, "relative_strength": -18.485536, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.253476, "energy": 34.687885, "activity_lines": [ 14.241345, 15.144019, 17.751775, 17.51887 ] }, { "date": "2025-12-26", "close": 14.0, "volume": 18713, "typical_volume": 62596.95, "trend": 16.845672, "fair_value": 41.793741, "relative_strength": -20.636225, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.240547, "energy": 28.004488, "activity_lines": [ 14.14, 14.58547, 17.343584, 17.335278 ] }, { "date": "2026-01-02", "close": 13.950354, "volume": 9989, "typical_volume": 58642.75, "trend": 16.847351, "fair_value": 41.011331, "relative_strength": -21.833724, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.724954, "energy": 32.074994, "activity_lines": [ 14.066785, 14.232441, 16.927569, 17.148483 ] }, { "date": "2026-01-09", "close": 14.4, "volume": 12352, "typical_volume": 54760.55, "trend": 16.850684, "fair_value": 40.162974, "relative_strength": -22.011818, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.652418, "energy": 29.447005, "activity_lines": [ 14.160094, 14.223886, 16.55509, 16.99059 ] }, { "date": "2026-01-16", "close": 13.85, "volume": 34381, "typical_volume": 53740.65, "trend": 16.812351, "fair_value": 39.167698, "relative_strength": -26.628125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.923307, "energy": 45.665775, "activity_lines": [ 14.070071, 14.135331, 16.143326, 16.796997 ] }, { "date": "2026-01-23", "close": 14.2, "volume": 16090, "typical_volume": 51371.65, "trend": 16.789018, "fair_value": 38.297984, "relative_strength": -24.250834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.713535, "energy": 46.362588, "activity_lines": [ 14.100047, 14.129503, 15.786562, 16.628459 ] }, { "date": "2026-01-30", "close": 14.3, "volume": 36373, "typical_volume": 50664.05, "trend": 16.817351, "fair_value": 37.560833, "relative_strength": -22.702888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.397496, "energy": 61.729154, "activity_lines": [ 14.173357, 14.14913, 15.463369, 16.467877 ] }, { "date": "2026-02-06", "close": 14.0, "volume": 68554, "typical_volume": 50217.05, "trend": 16.845684, "fair_value": 36.80742, "relative_strength": -25.845002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.885346, "energy": 62.810695, "activity_lines": [ 14.126667, 14.120941, 15.137557, 16.286112 ] }, { "date": "2026-02-13", "close": 13.95, "volume": 94586, "typical_volume": 53401.0, "trend": 16.864018, "fair_value": 36.085233, "relative_strength": -25.267222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.559844, "energy": 65.262692, "activity_lines": [ 14.06, 14.087298, 14.833649, 16.099294 ] }, { "date": "2026-02-20", "close": 14.0, "volume": 37631, "typical_volume": 53355.3, "trend": 16.882351, "fair_value": 35.440799, "relative_strength": -25.905561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.047439, "energy": 63.020399, "activity_lines": [ 14.04, 14.070928, 14.564266, 15.914519 ] }, { "date": "2026-02-27", "close": 13.95, "volume": 52833, "typical_volume": 49086.9, "trend": 16.877351, "fair_value": 34.793177, "relative_strength": -26.694341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.269519, "energy": 48.190553, "activity_lines": [ 13.993333, 14.043649, 14.339644, 15.725335 ] }, { "date": "2026-03-06", "close": 13.7, "volume": 9523, "typical_volume": 47754.35, "trend": 16.889018, "fair_value": 34.16116, "relative_strength": -23.470808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.057096, "energy": 48.841387, "activity_lines": [ 13.88, 13.978188, 14.161927, 15.520344 ] }, { "date": "2026-03-13", "close": 13.5, "volume": 24935, "typical_volume": 45298.0, "trend": 16.869018, "fair_value": 33.570879, "relative_strength": -23.907062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.321566, "energy": 50.864196, "activity_lines": [ 13.74, 13.881818, 14.022782, 15.301698 ] }, { "date": "2026-03-20", "close": 13.15, "volume": 68597, "typical_volume": 42235.05, "trend": 16.735684, "fair_value": 33.11888, "relative_strength": -21.716209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.059769, "energy": 55.691155, "activity_lines": [ 13.516667, 13.73, 13.921256, 15.061761 ] }, { "date": "2026-03-27", "close": 13.5, "volume": 45052, "typical_volume": 39630.0, "trend": 16.572351, "fair_value": 32.445431, "relative_strength": -19.422438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.582859, "energy": 48.23673, "activity_lines": [ 13.463333, 13.664545, 13.864253, 14.853007 ] }, { "date": "2026-04-03", "close": 13.75, "volume": 80383, "typical_volume": 39042.2, "trend": 16.389018, "fair_value": 31.739169, "relative_strength": -20.254225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.794515, "energy": 41.971113, "activity_lines": [ 13.526667, 13.650909, 13.837727, 14.67092 ] }, { "date": "2026-04-10", "close": 13.8, "volume": 115247, "typical_volume": 41370.5, "trend": 16.190684, "fair_value": 31.110661, "relative_strength": -23.03927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.079053, "energy": 34.395, "activity_lines": [ 13.62, 13.654545, 13.82001, 14.503887 ] }, { "date": "2026-04-17", "close": 14.8, "volume": 69994, "typical_volume": 41946.15, "trend": 16.030684, "fair_value": 30.445544, "relative_strength": -18.929054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.845013, "energy": 12.759474, "activity_lines": [ 14.04, 13.849091, 13.901675, 14.414165 ] }, { "date": "2026-04-24", "close": 16.5, "volume": 108264, "typical_volume": 46833.9, "trend": 15.907351, "fair_value": 29.805665, "relative_strength": -7.089471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.848653, "energy": 22.037855, "activity_lines": [ 14.94, 14.338182, 14.142388, 14.444444 ] }, { "date": "2026-05-01", "close": 17.799999, "volume": 87119, "typical_volume": 50256.5, "trend": 15.687351, "fair_value": 29.176986, "relative_strength": 1.626272, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 44.462671, "energy": 42.580346, "activity_lines": [ 16.05, 15.017273, 14.49691, 14.56655 ] }, { "date": "2026-05-08", "close": 17.65, "volume": 98510, "typical_volume": 54456.3, "trend": 15.315684, "fair_value": 28.607572, "relative_strength": 0.424939, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.845205, "energy": 65.624647, "activity_lines": [ 16.823333, 15.6, 14.818575, 14.693173 ] }, { "date": "2026-05-15", "close": 17.6, "volume": 79433, "typical_volume": 57492.3, "trend": 15.042351, "fair_value": 28.347568, "relative_strength": 1.443244, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.246356, "energy": 66.533308, "activity_lines": [ 17.32, 16.106363, 15.119764, 14.840548 ] }, { "date": "2026-05-22", "close": 17.6, "volume": 50784, "typical_volume": 59532.05, "trend": 14.682351, "fair_value": 28.073225, "relative_strength": -2.076444, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.093285, "energy": 73.868317, "activity_lines": [ 17.563333, 16.541818, 15.403809, 15.005557 ] }, { "date": "2026-05-29", "close": 20.0, "volume": 130593, "typical_volume": 65444.1, "trend": 14.832351, "fair_value": 27.827172, "relative_strength": 11.275521, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.313381, "energy": 73.779791, "activity_lines": [ 18.42, 17.339091, 15.899048, 15.348632 ] }, { "date": "2026-06-05", "close": 21.200001, "volume": 3622, "typical_volume": 63906.15, "trend": 15.042351, "fair_value": 27.439681, "relative_strength": 18.260719, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.438887, "energy": 76.01503, "activity_lines": [ 19.443334, 18.23, 16.481905, 15.759448 ] }, { "date": "2026-06-12", "close": 22.299999, "volume": 11164, "typical_volume": 63659.85, "trend": 15.299018, "fair_value": 27.067219, "relative_strength": 23.951235, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.586533, "energy": 83.899451, "activity_lines": [ 20.606667, 19.180909, 17.134524, 16.227683 ] }, { "date": "2026-06-19", "close": 23.200001, "volume": 51790, "typical_volume": 64430.7, "trend": 15.583345, "fair_value": 26.847419, "relative_strength": 25.824375, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.146174, "energy": 85.90525, "activity_lines": [ 21.76, 20.14, 17.834286, 16.737424 ] }, { "date": "2026-06-26", "close": 22.700001, "volume": 2988, "typical_volume": 61152.4, "trend": 15.866679, "fair_value": 26.589193, "relative_strength": 23.578826, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.339551, "energy": 83.209664, "activity_lines": [ 22.373334, 20.837273, 18.444048, 17.196563 ] }, { "date": "2026-07-03", "close": 21.6, "volume": 2031, "typical_volume": 56524.65, "trend": 16.106679, "fair_value": 26.291703, "relative_strength": 13.717343, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.091838, "energy": 70.792126, "activity_lines": [ 22.28, 21.190909, 18.907619, 17.566455 ] }, { "date": "2026-07-10", "close": 19.9, "volume": 22606, "typical_volume": 55773.4, "trend": 16.306679, "fair_value": 25.895267, "relative_strength": 6.666362, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.373782, "energy": 49.876228, "activity_lines": [ 21.513334, 21.142728, 19.172857, 17.811185 ] }, { "date": "2026-07-17", "close": 18.6, "volume": 12000, "typical_volume": 53731.75, "trend": 16.448345, "fair_value": 25.499087, "relative_strength": 0.461751, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.43214, "energy": 31.137, "activity_lines": [ 20.4, 20.82, 19.286191, 17.959141 ] }, { "date": "2026-07-24", "close": 18.700001, "volume": 9807, "typical_volume": 53745.95, "trend": 16.605012, "fair_value": 25.073483, "relative_strength": -0.882649, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.922533, "energy": 24.839091, "activity_lines": [ 19.566667, 20.498182, 19.386905, 18.104409 ] }, { "date": "2026-07-31", "close": 19.5, "volume": 12922, "typical_volume": 53145.3, "trend": 16.79, "fair_value": 24.635826, "relative_strength": 1.705884, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.906744, "energy": 26.211689, "activity_lines": [ 19.3, 20.301818, 19.54, 18.291183 ] }, { "date": "2026-08-07", "close": 20.1, "volume": 11605, "typical_volume": 50295.7, "trend": 16.98, "fair_value": 24.427079, "relative_strength": 2.451291, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.437048, "energy": 22.325213, "activity_lines": [ 19.446667, 20.18, 19.721667, 18.504731 ] } ], "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." } } }