{ "ticker": { "uuid": "601a3502-df16-48d3-baaa-5a15c9a69646", "symbol": "SSAB-A", "name": "SSAB 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.934, "architecture_energy": 66.233, "architecture_maturity": 49.987, "architecture_confidence": 93.969, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 8.01, "rotation_up": 65.88, "upward_expansion": 88.1, "deceleration": 49.7, "rotation_down": 20.29, "downward_expansion": 12.44 }, "activity_lines": [ 100.423333, 98.458545, 94.824975, 90.102295 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 101.800003, "trend_reference": 84.488738, "distance_from_trend": 0.204894, "trend_direction": "Improving", "fair_value": 62.172653, "distance_from_fair_value": 0.637376, "fair_value_direction": "Improving", "relative_strength": 22.695248, "relative_strength_direction": "Improving", "price_momentum": 0.355548, "excess_performance": 0.294054, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.204894, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.139196, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.637376, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.190031, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.226952, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.017943, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.355548, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.587414, "read": "Demand-led" } ], "volume": { "latest": 2287376, "relative_activity": 0.674827, "balance": 2.587414, "dry_up": 0.875614, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.056929, "annualized_volatility": 0.297776, "from_high_reference": -0.044131, "from_low_reference": 0.975345 }, "levels": { "trend_reference": 84.488738, "fair_value_reference": 62.172653, "structural_low": 63.531607, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": 0.005947, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.016459, "regime_survival": 0.8, "best_return": 0.336846, "worst_return": -0.173767, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.052631, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": 0.034964, "regime_survival": 0.545455, "best_return": 0.319261, "worst_return": -0.294719, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.04329, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.098308, "regime_survival": 0.428571, "best_return": 0.388696, "worst_return": -0.351866, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.168351, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.157169, "regime_survival": 0.25, "best_return": 0.499599, "worst_return": -0.209332, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-22", "end": "2024-04-19", "tenure": "Developing", "return": -0.215706, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.023495, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-24", "end": "2024-11-08", "tenure": "Established", "return": -0.094603, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-12-20", "tenure": "Developing", "return": -0.152565, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-07", "tenure": "Developing", "return": 0.264961, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": 0.035026, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.138059, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-08-08", "tenure": "Established", "return": 0.033934, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": -0.028934, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": 0.01539, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.084214, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2026-03-13", "tenure": "Established", "return": 0.16381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.254664, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.250326, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 53.952229, "volume": 4917988, "typical_volume": 6217674.6, "trend": 59.773324, "fair_value": 39.171183, "relative_strength": 2.418905, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.329338, "energy": 62.555557, "activity_lines": [ 55.087158, 58.314444, 60.679541, 60.417621 ] }, { "date": "2023-08-25", "close": 52.175667, "volume": 3981721, "typical_volume": 6133901.85, "trend": 59.56675, "fair_value": 39.378244, "relative_strength": -1.404926, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.049959, "energy": 68.632998, "activity_lines": [ 53.991325, 56.688413, 59.827114, 59.92745 ] }, { "date": "2023-09-01", "close": 55.176849, "volume": 4473935, "typical_volume": 5972459.15, "trend": 59.515941, "fair_value": 39.59686, "relative_strength": 2.090571, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.185338, "energy": 59.411828, "activity_lines": [ 54.176455, 55.918518, 59.280677, 59.64423 ] }, { "date": "2023-09-08", "close": 52.658619, "volume": 3094868, "typical_volume": 5649864.8, "trend": 59.442539, "fair_value": 39.799198, "relative_strength": -2.372736, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.917609, "energy": 61.355631, "activity_lines": [ 53.57507, 54.906209, 58.517733, 59.201822 ] }, { "date": "2023-09-15", "close": 51.916946, "volume": 5078952, "typical_volume": 5327368.75, "trend": 59.241657, "fair_value": 39.995561, "relative_strength": -4.751439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.756956, "energy": 59.638281, "activity_lines": [ 52.936888, 54.003033, 57.713066, 58.7163 ] }, { "date": "2023-09-22", "close": 52.141171, "volume": 4576524, "typical_volume": 5345177.65, "trend": 59.068187, "fair_value": 40.200728, "relative_strength": -3.298306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.622131, "energy": 53.928184, "activity_lines": [ 52.591924, 53.373318, 56.980923, 58.258204 ] }, { "date": "2023-09-29", "close": 53.21056, "volume": 4474263, "typical_volume": 5208003.0, "trend": 58.79693, "fair_value": 40.408457, "relative_strength": -1.138441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.089958, "energy": 49.303163, "activity_lines": [ 52.724161, 53.2046, 56.399167, 57.880293 ] }, { "date": "2023-10-06", "close": 52.658619, "volume": 4261187, "typical_volume": 5261751.0, "trend": 58.556866, "fair_value": 40.606095, "relative_strength": -2.283711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.451861, "energy": 45.048349, "activity_lines": [ 52.603424, 52.993232, 55.793264, 57.484273 ] }, { "date": "2023-10-13", "close": 53.521027, "volume": 4228274, "typical_volume": 5251390.15, "trend": 58.589918, "fair_value": 40.813238, "relative_strength": -2.455241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.254042, "energy": 39.827208, "activity_lines": [ 52.938039, 52.998877, 55.306456, 57.15938 ] }, { "date": "2023-10-20", "close": 48.950264, "volume": 6461101, "typical_volume": 5137115.25, "trend": 58.451697, "fair_value": 40.996414, "relative_strength": -6.021073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.469123, "energy": 54.427443, "activity_lines": [ 51.691572, 52.215184, 54.415712, 56.537467 ] }, { "date": "2023-10-27", "close": 56.34972, "volume": 8083853, "typical_volume": 5381233.8, "trend": 58.376079, "fair_value": 41.240671, "relative_strength": 9.10628, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.647469, "energy": 30.532575, "activity_lines": [ 53.109369, 52.89037, 54.304091, 56.401855 ] }, { "date": "2023-11-03", "close": 61.662159, "volume": 6719644, "typical_volume": 5389397.5, "trend": 58.55116, "fair_value": 41.514643, "relative_strength": 14.451747, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.734904, "energy": 11.547604, "activity_lines": [ 56.017409, 54.487864, 54.748355, 56.613861 ] }, { "date": "2023-11-10", "close": 61.800144, "volume": 8609664, "typical_volume": 5607538.3, "trend": 58.608656, "fair_value": 41.789003, "relative_strength": 14.662931, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.062925, "energy": 25.435962, "activity_lines": [ 58.408005, 55.937964, 55.241899, 56.823472 ] }, { "date": "2023-11-17", "close": 64.577087, "volume": 6074919, "typical_volume": 5652139.1, "trend": 58.80356, "fair_value": 42.086361, "relative_strength": 14.582913, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.891003, "energy": 46.804006, "activity_lines": [ 61.114813, 57.772539, 56.0248, 57.208532 ] }, { "date": "2023-11-24", "close": 66.422638, "volume": 5510335, "typical_volume": 5662642.4, "trend": 58.928896, "fair_value": 42.387324, "relative_strength": 15.497724, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.912194, "energy": 69.690716, "activity_lines": [ 63.699734, 59.72597, 56.990614, 57.700086 ] }, { "date": "2023-12-01", "close": 69.734291, "volume": 10765974, "typical_volume": 5972027.7, "trend": 59.175545, "fair_value": 42.70468, "relative_strength": 19.319001, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.242912, "energy": 77.74465, "activity_lines": [ 66.223714, 62.017779, 58.263693, 58.397208 ] }, { "date": "2023-12-08", "close": 66.733116, "volume": 7352439, "typical_volume": 5712184.7, "trend": 59.427368, "fair_value": 43.005962, "relative_strength": 10.593893, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.170103, "energy": 73.96696, "activity_lines": [ 66.854998, 63.444045, 59.236982, 58.884793 ] }, { "date": "2023-12-15", "close": 65.267021, "volume": 10225030, "typical_volume": 5874935.55, "trend": 59.588926, "fair_value": 43.289168, "relative_strength": 4.349463, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.771793, "energy": 64.761502, "activity_lines": [ 66.65952, 64.357884, 60.021362, 59.261545 ] }, { "date": "2023-12-22", "close": 66.595131, "volume": 5438603, "typical_volume": 5936249.2, "trend": 59.805103, "fair_value": 43.582379, "relative_strength": 6.371143, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.1879, "energy": 45.356664, "activity_lines": [ 66.67562, 65.283954, 60.887959, 59.713558 ] }, { "date": "2023-12-29", "close": 66.129425, "volume": 2866507, "typical_volume": 5859789.05, "trend": 59.856848, "fair_value": 43.87387, "relative_strength": 4.224751, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.462648, "energy": 47.859094, "activity_lines": [ 66.401949, 65.887639, 61.658869, 60.121579 ] }, { "date": "2024-01-05", "close": 65.215279, "volume": 3247485, "typical_volume": 5776263.9, "trend": 59.802804, "fair_value": 44.153988, "relative_strength": 4.960012, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 45.63533, "energy": 37.794521, "activity_lines": [ 65.84311, 66.012768, 62.290645, 60.467284 ] }, { "date": "2024-01-12", "close": 65.611984, "volume": 4995946, "typical_volume": 5826975.15, "trend": 59.681492, "fair_value": 44.435609, "relative_strength": 4.362531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.078527, "energy": 34.890244, "activity_lines": [ 65.717773, 66.048832, 62.906569, 60.84207 ] }, { "date": "2024-01-19", "close": 62.248592, "volume": 4154906, "typical_volume": 5811023.7, "trend": 59.522233, "fair_value": 44.672531, "relative_strength": 1.218966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.775502, "energy": 26.332695, "activity_lines": [ 64.546048, 65.401556, 63.138187, 61.00769 ] }, { "date": "2024-01-26", "close": 64.628845, "volume": 3733329, "typical_volume": 5842946.75, "trend": 59.473939, "fair_value": 44.925028, "relative_strength": 1.837701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.181135, "energy": 23.590244, "activity_lines": [ 64.368969, 65.178899, 63.562821, 61.337148 ] }, { "date": "2024-02-02", "close": 68.457932, "volume": 8428317, "typical_volume": 6010415.0, "trend": 59.598701, "fair_value": 45.204285, "relative_strength": 7.648239, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.717337, "energy": 36.100049, "activity_lines": [ 65.599338, 65.651499, 64.295128, 61.916761 ] }, { "date": "2024-02-09", "close": 70.372475, "volume": 4452123, "typical_volume": 6004194.95, "trend": 59.717713, "fair_value": 45.490526, "relative_strength": 10.990651, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.23253, "energy": 51.919451, "activity_lines": [ 67.312654, 66.435193, 65.131007, 62.611843 ] }, { "date": "2024-02-16", "close": 73.615128, "volume": 4953826, "typical_volume": 6028173.1, "trend": 60.292077, "fair_value": 45.792267, "relative_strength": 12.994785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.32576, "energy": 82.570981, "activity_lines": [ 69.763041, 67.796856, 66.188894, 63.50845 ] }, { "date": "2024-02-23", "close": 69.975761, "volume": 5158544, "typical_volume": 6073040.95, "trend": 60.758927, "fair_value": 46.07592, "relative_strength": 6.031803, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.799963, "energy": 76.893468, "activity_lines": [ 70.466763, 68.371689, 66.80301, 64.133204 ] }, { "date": "2024-03-01", "close": 68.561409, "volume": 7596519, "typical_volume": 6241453.2, "trend": 61.183806, "fair_value": 46.344361, "relative_strength": 2.744359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.275297, "energy": 69.143468, "activity_lines": [ 70.18389, 68.603753, 67.199963, 64.63659 ] }, { "date": "2024-03-08", "close": 63.818172, "volume": 6781667, "typical_volume": 6257481.5, "trend": 61.471275, "fair_value": 46.569245, "relative_strength": -5.260155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.460301, "energy": 35.236042, "activity_lines": [ 68.057767, 67.93766, 67.073558, 64.806549 ] }, { "date": "2024-03-15", "close": 67.095322, "volume": 6746990, "typical_volume": 6190638.35, "trend": 61.909378, "fair_value": 46.811205, "relative_strength": -2.292314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.982194, "energy": 19.22694, "activity_lines": [ 67.333345, 67.909435, 67.188464, 65.169391 ] }, { "date": "2024-03-22", "close": 70.28624, "volume": 5143141, "typical_volume": 6111813.2, "trend": 62.513064, "fair_value": 47.06675, "relative_strength": 2.158552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.215154, "energy": 22.130193, "activity_lines": [ 67.891039, 68.427195, 67.556096, 65.709834 ] }, { "date": "2024-03-29", "close": 68.130211, "volume": 3578558, "typical_volume": 5860257.9, "trend": 62.944843, "fair_value": 47.295595, "relative_strength": -0.392232, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.976653, "energy": 16.935407, "activity_lines": [ 67.951982, 68.467963, 67.677326, 66.07223 ] }, { "date": "2024-04-05", "close": 62.110607, "volume": 9506087, "typical_volume": 6031816.3, "trend": 63.259909, "fair_value": 47.485174, "relative_strength": -8.638489, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.063574, "energy": 7.022364, "activity_lines": [ 66.129428, 67.307319, 67.195117, 66.018409 ] }, { "date": "2024-04-12", "close": 58.574734, "volume": 7659507, "typical_volume": 6139274.9, "trend": 63.481835, "fair_value": 47.638078, "relative_strength": -13.710521, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.767591, "energy": 20.652011, "activity_lines": [ 63.558302, 65.549575, 66.387903, 65.716139 ] }, { "date": "2024-04-19", "close": 55.125099, "volume": 7027694, "typical_volume": 5952360.9, "trend": 63.5813, "fair_value": 47.773614, "relative_strength": -18.394342, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.677946, "energy": 56.74326, "activity_lines": [ 60.186861, 63.344319, 65.289524, 65.176995 ] }, { "date": "2024-04-26", "close": 58.111618, "volume": 10486883, "typical_volume": 6109083.1, "trend": 63.744668, "fair_value": 47.93774, "relative_strength": -15.550874, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.825148, "energy": 62.704324, "activity_lines": [ 58.608941, 61.959292, 64.545142, 64.824112 ] }, { "date": "2024-05-03", "close": 58.841053, "volume": 5877737, "typical_volume": 5891718.45, "trend": 63.950749, "fair_value": 48.102609, "relative_strength": -13.610112, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.381852, "energy": 65.274953, "activity_lines": [ 58.085807, 60.988771, 63.911285, 64.50775 ] }, { "date": "2024-05-10", "close": 59.364754, "volume": 4632375, "typical_volume": 5851407.05, "trend": 64.14554, "fair_value": 48.29167, "relative_strength": -15.518154, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.1547, "energy": 59.875802, "activity_lines": [ 58.356518, 60.315918, 63.357905, 64.211879 ] }, { "date": "2024-05-17", "close": 59.476971, "volume": 4954452, "typical_volume": 5955804.3, "trend": 64.496431, "fair_value": 48.476569, "relative_strength": -14.304899, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.779067, "energy": 46.182665, "activity_lines": [ 58.847691, 59.83068, 62.849642, 63.910681 ] }, { "date": "2024-05-24", "close": 57.531815, "volume": 3512020, "typical_volume": 5969031.05, "trend": 64.535834, "fair_value": 48.64787, "relative_strength": -17.542304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.667138, "energy": 42.316966, "activity_lines": [ 58.63033, 59.070708, 62.187804, 63.461351 ] }, { "date": "2024-05-31", "close": 57.082932, "volume": 6026831, "typical_volume": 6020575.3, "trend": 64.383193, "fair_value": 48.814033, "relative_strength": -17.170363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.980158, "energy": 43.365068, "activity_lines": [ 58.102893, 58.403002, 61.519804, 62.980519 ] }, { "date": "2024-06-07", "close": 55.175179, "volume": 3121225, "typical_volume": 5968891.25, "trend": 64.162361, "fair_value": 48.966566, "relative_strength": -20.068447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.108325, "energy": 55.825932, "activity_lines": [ 57.008118, 57.628493, 60.710727, 62.386453 ] }, { "date": "2024-06-14", "close": 53.080391, "volume": 6048883, "typical_volume": 6084668.95, "trend": 63.779138, "fair_value": 49.124788, "relative_strength": -20.715243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.119351, "energy": 75.992135, "activity_lines": [ 55.459471, 56.70866, 59.73583, 61.671488 ] }, { "date": "2024-06-21", "close": 54.557964, "volume": 3202854, "typical_volume": 5823395.8, "trend": 63.383648, "fair_value": 49.290131, "relative_strength": -18.365799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.840305, "energy": 76.329338, "activity_lines": [ 54.822307, 56.221661, 58.956646, 61.076573 ] }, { "date": "2024-06-28", "close": 54.651482, "volume": 5325738, "typical_volume": 5867076.55, "trend": 62.880888, "fair_value": 49.448301, "relative_strength": -17.640888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.790944, "energy": 73.703943, "activity_lines": [ 54.544249, 55.824698, 58.25256, 60.513208 ] }, { "date": "2024-07-05", "close": 55.567947, "volume": 4851954, "typical_volume": 5861982.95, "trend": 62.508716, "fair_value": 49.608368, "relative_strength": -15.390818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.67607, "energy": 65.546179, "activity_lines": [ 54.763701, 55.602977, 57.710617, 60.041405 ] }, { "date": "2024-07-12", "close": 56.80238, "volume": 3739963, "typical_volume": 5791053.9, "trend": 62.226561, "fair_value": 49.769841, "relative_strength": -15.432641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.612407, "energy": 44.166353, "activity_lines": [ 55.49563, 55.651946, 57.372179, 59.673254 ] }, { "date": "2024-07-19", "close": 53.809826, "volume": 3616149, "typical_volume": 5592035.4, "trend": 61.800384, "fair_value": 49.906617, "relative_strength": -17.747319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.438814, "energy": 46.805451, "activity_lines": [ 55.121561, 55.193881, 56.811466, 59.130239 ] }, { "date": "2024-07-26", "close": 51.696339, "volume": 5795698, "typical_volume": 5542736.95, "trend": 61.319281, "fair_value": 50.015835, "relative_strength": -20.940854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.400275, "energy": 54.857117, "activity_lines": [ 53.994368, 54.452545, 56.119714, 58.478365 ] }, { "date": "2024-08-02", "close": 49.021744, "volume": 3657096, "typical_volume": 5388242.25, "trend": 60.779497, "fair_value": 50.100406, "relative_strength": -21.313592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.991141, "energy": 73.319934, "activity_lines": [ 52.166417, 53.366385, 55.230962, 57.684976 ] }, { "date": "2024-08-09", "close": 48.834709, "volume": 3293806, "typical_volume": 5295775.5, "trend": 60.220254, "fair_value": 50.173023, "relative_strength": -21.033788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.898477, "energy": 86.766134, "activity_lines": [ 50.651438, 52.400947, 54.410461, 56.914344 ] }, { "date": "2024-08-16", "close": 47.712502, "volume": 3413466, "typical_volume": 5287520.9, "trend": 59.735718, "fair_value": 50.264431, "relative_strength": -24.754543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.51881, "energy": 89.779809, "activity_lines": [ 49.211272, 51.381439, 53.585234, 56.107393 ] }, { "date": "2024-08-23", "close": 48.03046, "volume": 3500191, "typical_volume": 4987226.1, "trend": 59.182439, "fair_value": 50.352636, "relative_strength": -24.708797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.301748, "energy": 86.919843, "activity_lines": [ 48.483084, 50.555426, 52.887516, 55.352215 ] }, { "date": "2024-08-30", "close": 46.599648, "volume": 4076850, "typical_volume": 4808093.25, "trend": 58.453829, "fair_value": 50.443735, "relative_strength": -27.576921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.756325, "energy": 83.966129, "activity_lines": [ 47.66325, 49.561083, 52.120578, 54.540422 ] }, { "date": "2024-09-06", "close": 42.877659, "volume": 6072493, "typical_volume": 4760333.2, "trend": 57.537335, "fair_value": 50.513642, "relative_strength": -29.897388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.94641, "energy": 88.198574, "activity_lines": [ 45.942532, 48.034711, 51.056189, 53.535507 ] }, { "date": "2024-09-13", "close": 44.121441, "volume": 4597834, "typical_volume": 4465880.75, "trend": 56.554212, "fair_value": 50.58985, "relative_strength": -28.783049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.420485, "energy": 82.736109, "activity_lines": [ 45.046014, 46.948551, 50.168577, 52.669966 ] }, { "date": "2024-09-20", "close": 45.309109, "volume": 5252623, "typical_volume": 4434625.05, "trend": 55.731991, "fair_value": 50.691115, "relative_strength": -28.029375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.237369, "energy": 69.185488, "activity_lines": [ 44.859603, 46.286449, 49.460696, 51.944475 ] }, { "date": "2024-09-27", "close": 50.256172, "volume": 6283305, "typical_volume": 4517171.55, "trend": 55.121816, "fair_value": 50.824092, "relative_strength": -21.646513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.177392, "energy": 55.299233, "activity_lines": [ 46.482439, 46.732782, 49.288401, 51.591197 ] }, { "date": "2024-10-04", "close": 48.928226, "volume": 4606337, "typical_volume": 4499765.8, "trend": 54.625484, "fair_value": 50.947156, "relative_strength": -22.324812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.740835, "energy": 36.819001, "activity_lines": [ 47.514246, 47.002281, 49.03301, 51.19161 ] }, { "date": "2024-10-11", "close": 46.57159, "volume": 4110776, "typical_volume": 4529703.6, "trend": 53.94136, "fair_value": 51.043679, "relative_strength": -25.252085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.181769, "energy": 28.85229, "activity_lines": [ 47.605269, 46.893631, 48.60341, 50.672004 ] }, { "date": "2024-10-18", "close": 46.197525, "volume": 3662597, "typical_volume": 4411491.9, "trend": 53.138403, "fair_value": 51.135906, "relative_strength": -25.670272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.618387, "energy": 26.054995, "activity_lines": [ 47.325341, 46.761517, 48.190375, 50.172402 ] }, { "date": "2024-10-25", "close": 47.375839, "volume": 4806412, "typical_volume": 4495751.25, "trend": 52.44659, "fair_value": 51.218604, "relative_strength": -23.146433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.496473, "energy": 28.814812, "activity_lines": [ 47.299779, 46.891591, 47.941397, 49.800624 ] }, { "date": "2024-11-01", "close": 47.562874, "volume": 4147484, "typical_volume": 4400681.3, "trend": 51.961666, "fair_value": 51.309415, "relative_strength": -21.122167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.06671, "energy": 30.811596, "activity_lines": [ 47.19878, 47.061792, 47.747371, 49.485545 ] }, { "date": "2024-11-08", "close": 52.089111, "volume": 7418420, "typical_volume": 4611459.6, "trend": 51.745479, "fair_value": 51.433218, "relative_strength": -13.03904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.690516, "energy": 6.661687, "activity_lines": [ 48.786081, 48.063447, 48.010689, 49.493767 ] }, { "date": "2024-11-15", "close": 48.853416, "volume": 5263459, "typical_volume": 4608345.65, "trend": 51.536423, "fair_value": 51.537047, "relative_strength": -16.17476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.321364, "energy": 14.563209, "activity_lines": [ 49.08409, 48.376986, 47.977602, 49.307183 ] }, { "date": "2024-11-22", "close": 47.656391, "volume": 3669307, "typical_volume": 4549213.3, "trend": 51.187915, "fair_value": 51.645179, "relative_strength": -17.622869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.736128, "energy": 14.055395, "activity_lines": [ 48.830969, 48.364233, 47.858122, 49.056858 ] }, { "date": "2024-11-29", "close": 46.945663, "volume": 5722221, "typical_volume": 4648326.2, "trend": 50.791402, "fair_value": 51.744597, "relative_strength": -17.999366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.507517, "energy": 14.178988, "activity_lines": [ 48.243682, 48.157985, 47.708628, 48.783164 ] }, { "date": "2024-12-06", "close": 47.151398, "volume": 4424147, "typical_volume": 4688726.1, "trend": 50.38429, "fair_value": 51.827799, "relative_strength": -20.073716, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.246253, "energy": 21.260764, "activity_lines": [ 47.753651, 47.959388, 47.625665, 48.548325 ] }, { "date": "2024-12-13", "close": 44.972446, "volume": 6238233, "typical_volume": 4710852.85, "trend": 49.900806, "fair_value": 51.884245, "relative_strength": -21.386074, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.650083, "energy": 35.031619, "activity_lines": [ 46.564734, 47.421069, 47.366889, 48.199174 ] }, { "date": "2024-12-20", "close": 41.400089, "volume": 6149957, "typical_volume": 4835495.9, "trend": 49.363082, "fair_value": 51.913813, "relative_strength": -24.509589, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.855178, "energy": 65.619048, "activity_lines": [ 44.659476, 46.305153, 46.799908, 47.650741 ] }, { "date": "2024-12-27", "close": 42.036007, "volume": 1323747, "typical_volume": 4736992.95, "trend": 48.861518, "fair_value": 51.946283, "relative_strength": -23.114864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.390955, "energy": 73.408473, "activity_lines": [ 43.463079, 45.398886, 46.329783, 47.178026 ] }, { "date": "2025-01-03", "close": 41.877026, "volume": 2202179, "typical_volume": 4676428.6, "trend": 48.418246, "fair_value": 51.969598, "relative_strength": -23.299307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.640817, "energy": 76.45658, "activity_lines": [ 42.588381, 44.539378, 45.876893, 46.727414 ] }, { "date": "2025-01-10", "close": 40.670654, "volume": 3755666, "typical_volume": 4689202.35, "trend": 48.004588, "fair_value": 51.957342, "relative_strength": -25.094708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.785703, "energy": 79.475829, "activity_lines": [ 41.649468, 43.560507, 45.336897, 46.227569 ] }, { "date": "2025-01-17", "close": 42.194984, "volume": 4590587, "typical_volume": 4714889.2, "trend": 47.592489, "fair_value": 51.971398, "relative_strength": -24.326818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.686785, "energy": 69.050997, "activity_lines": [ 41.650714, 42.9841, 44.977123, 45.852756 ] }, { "date": "2025-01-24", "close": 44.635784, "volume": 6103381, "typical_volume": 4716433.6, "trend": 47.258632, "fair_value": 52.014929, "relative_strength": -20.763705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.173613, "energy": 41.776237, "activity_lines": [ 42.650725, 43.031369, 44.870781, 45.662001 ] }, { "date": "2025-01-31", "close": 50.069141, "volume": 9067834, "typical_volume": 4939933.6, "trend": 47.075338, "fair_value": 52.096272, "relative_strength": -10.314875, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.696114, "energy": 9.669864, "activity_lines": [ 45.246142, 44.143205, 45.273529, 45.843324 ] }, { "date": "2025-02-07", "close": 53.173912, "volume": 8289717, "typical_volume": 5091788.3, "trend": 46.95439, "fair_value": 52.182152, "relative_strength": -2.768943, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 28.20911, "energy": 33.347179, "activity_lines": [ 48.34094, 45.775676, 45.943647, 46.236781 ] }, { "date": "2025-02-14", "close": 58.205143, "volume": 8903620, "typical_volume": 5222804.05, "trend": 47.1009, "fair_value": 52.308056, "relative_strength": 4.290133, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 60.461587, "energy": 64.416325, "activity_lines": [ 52.359689, 48.209676, 47.055478, 46.962636 ] }, { "date": "2025-02-21", "close": 60.243813, "volume": 5742729, "typical_volume": 5279623.65, "trend": 47.385816, "fair_value": 52.437538, "relative_strength": 8.326094, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.313215, "energy": 95.625021, "activity_lines": [ 55.889029, 50.813366, 48.323616, 47.810566 ] }, { "date": "2025-02-28", "close": 60.692699, "volume": 6635032, "typical_volume": 5405836.45, "trend": 47.774848, "fair_value": 52.551188, "relative_strength": 9.692085, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.589297, "energy": 93.53889, "activity_lines": [ 58.364743, 53.22101, 49.580622, 48.669074 ] }, { "date": "2025-03-07", "close": 62.881001, "volume": 9766036, "typical_volume": 5711008.4, "trend": 48.243057, "fair_value": 52.677329, "relative_strength": 13.740788, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.451691, "energy": 93.786051, "activity_lines": [ 60.499429, 55.675753, 50.978794, 49.643665 ] }, { "date": "2025-03-14", "close": 65.181526, "volume": 8203871, "typical_volume": 5880881.35, "trend": 48.825358, "fair_value": 52.81189, "relative_strength": 20.209446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.47157, "energy": 93.96413, "activity_lines": [ 62.546833, 58.169773, 52.516618, 50.736469 ] }, { "date": "2025-03-21", "close": 66.22892, "volume": 7272111, "typical_volume": 6037112.7, "trend": 49.431974, "fair_value": 52.899657, "relative_strength": 24.906446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.930511, "energy": 92.169104, "activity_lines": [ 64.142861, 60.43051, 54.069406, 51.85928 ] }, { "date": "2025-03-28", "close": 59.495674, "volume": 4791808, "typical_volume": 5905782.1, "trend": 49.861841, "fair_value": 52.972552, "relative_strength": 16.439209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.270344, "energy": 66.08422, "activity_lines": [ 62.959555, 61.002325, 54.892045, 52.508551 ] }, { "date": "2025-04-04", "close": 51.808559, "volume": 6866665, "typical_volume": 5985942.4, "trend": 50.159538, "fair_value": 53.001456, "relative_strength": 12.949998, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.140786, "energy": 42.41019, "activity_lines": [ 59.263754, 59.861924, 54.94731, 52.634145 ] }, { "date": "2025-04-11", "close": 52.313549, "volume": 9161154, "typical_volume": 6260534.75, "trend": 50.432608, "fair_value": 53.023274, "relative_strength": 14.57716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.158616, "energy": 23.221423, "activity_lines": [ 56.328558, 58.682926, 55.036596, 52.773114 ] }, { "date": "2025-04-18", "close": 54.277412, "volume": 3428733, "typical_volume": 6145860.35, "trend": 50.731551, "fair_value": 53.060238, "relative_strength": 14.83173, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.634261, "energy": 28.926026, "activity_lines": [ 54.75248, 57.820187, 55.29074, 53.021166 ] }, { "date": "2025-04-25", "close": 56.203865, "volume": 3294057, "typical_volume": 6089355.85, "trend": 50.929808, "fair_value": 53.109157, "relative_strength": 15.36133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.849814, "energy": 27.158116, "activity_lines": [ 54.545494, 57.287648, 55.693443, 53.374218 ] }, { "date": "2025-05-02", "close": 61.717529, "volume": 5704767, "typical_volume": 6062682.55, "trend": 51.356118, "fair_value": 53.230091, "relative_strength": 24.622074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.038497, "energy": 23.840883, "activity_lines": [ 56.844733, 57.79398, 56.578149, 54.0702 ] }, { "date": "2025-05-09", "close": 57.699261, "volume": 4060484, "typical_volume": 5958208.9, "trend": 51.72704, "fair_value": 53.329692, "relative_strength": 17.045256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.366809, "energy": 25.732998, "activity_lines": [ 57.656426, 57.542923, 57.000425, 54.479435 ] }, { "date": "2025-05-16", "close": 57.543209, "volume": 4426822, "typical_volume": 6113362.65, "trend": 52.10523, "fair_value": 53.423868, "relative_strength": 12.39209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.69527, "energy": 27.327797, "activity_lines": [ 58.023388, 57.317919, 57.330224, 54.854672 ] }, { "date": "2025-05-23", "close": 56.177776, "volume": 5642280, "typical_volume": 6285367.7, "trend": 52.398628, "fair_value": 53.486384, "relative_strength": 12.499472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.87324, "energy": 25.256113, "activity_lines": [ 57.586561, 56.941706, 57.456137, 55.117417 ] }, { "date": "2025-05-30", "close": 56.353333, "volume": 7392285, "typical_volume": 6467198.65, "trend": 52.691643, "fair_value": 53.549435, "relative_strength": 12.035688, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.235651, "energy": 16.893443, "activity_lines": [ 57.081563, 56.761116, 57.530672, 55.372559 ] }, { "date": "2025-06-06", "close": 59.201237, "volume": 6956702, "typical_volume": 6585504.4, "trend": 52.928714, "fair_value": 53.657091, "relative_strength": 16.237162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.579855, "energy": 20.024079, "activity_lines": [ 57.515902, 57.277884, 57.801756, 55.792533 ] }, { "date": "2025-06-13", "close": 56.431358, "volume": 5422988, "typical_volume": 6551484.75, "trend": 53.181312, "fair_value": 53.784301, "relative_strength": 13.347386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.508343, "energy": 11.927478, "activity_lines": [ 57.1947, 57.29639, 57.72806, 56.01851 ] }, { "date": "2025-06-20", "close": 54.032101, "volume": 3391700, "typical_volume": 6267678.05, "trend": 53.393836, "fair_value": 53.907093, "relative_strength": 8.989978, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.160481, "energy": 5.823743, "activity_lines": [ 56.158273, 56.794617, 57.369694, 56.073399 ] }, { "date": "2025-06-27", "close": 55.300003, "volume": 3488482, "typical_volume": 6027616.3, "trend": 53.672314, "fair_value": 54.044011, "relative_strength": 8.837907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.263867, "energy": 8.364474, "activity_lines": [ 55.778553, 56.492125, 57.113209, 56.196378 ] }, { "date": "2025-07-04", "close": 55.963211, "volume": 5973935, "typical_volume": 5881132.05, "trend": 53.966041, "fair_value": 54.174954, "relative_strength": 9.808346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.261891, "energy": 12.106958, "activity_lines": [ 55.678422, 56.291624, 56.909762, 56.344178 ] }, { "date": "2025-07-11", "close": 60.371609, "volume": 4452421, "typical_volume": 5816616.65, "trend": 54.479346, "fair_value": 54.335878, "relative_strength": 16.709166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.586622, "energy": 17.211088, "activity_lines": [ 57.073764, 56.897025, 57.136839, 56.75744 ] }, { "date": "2025-07-18", "close": 60.137531, "volume": 4380328, "typical_volume": 5703881.45, "trend": 55.103928, "fair_value": 54.473229, "relative_strength": 15.887328, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.008562, "energy": 31.870815, "activity_lines": [ 58.313055, 57.484338, 57.341015, 57.122484 ] }, { "date": "2025-07-25", "close": 57.172592, "volume": 10004795, "typical_volume": 5715819.4, "trend": 55.60848, "fair_value": 54.599488, "relative_strength": 7.461939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.979338, "energy": 24.991545, "activity_lines": [ 58.316956, 57.488239, 57.265458, 57.255947 ] }, { "date": "2025-08-01", "close": 54.773335, "volume": 3592000, "typical_volume": 5485225.85, "trend": 56.038357, "fair_value": 54.711843, "relative_strength": 5.733555, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.357037, "energy": 12.721653, "activity_lines": [ 57.311738, 57.06265, 56.988584, 57.202066 ] }, { "date": "2025-08-08", "close": 56.119263, "volume": 3296603, "typical_volume": 5286450.45, "trend": 56.553311, "fair_value": 54.817242, "relative_strength": 5.275817, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 11.362317, "energy": 5.596503, "activity_lines": [ 56.790273, 56.90731, 56.889457, 57.207286 ] }, { "date": "2025-08-15", "close": 55.280495, "volume": 2299128, "typical_volume": 5161816.45, "trend": 56.989495, "fair_value": 54.924638, "relative_strength": 2.020031, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.149912, "energy": 18.542343, "activity_lines": [ 55.978816, 56.603723, 56.758587, 57.125169 ] }, { "date": "2025-08-22", "close": 55.417038, "volume": 3249865, "typical_volume": 4980976.45, "trend": 57.34887, "fair_value": 55.0276, "relative_strength": 0.249161, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.173244, "energy": 37.813203, "activity_lines": [ 55.552281, 56.396248, 56.660795, 57.02372 ] }, { "date": "2025-08-29", "close": 53.680988, "volume": 3771894, "typical_volume": 4711513.45, "trend": 57.469265, "fair_value": 55.118451, "relative_strength": -0.768818, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.203623, "energy": 51.168256, "activity_lines": [ 54.861763, 55.89157, 56.380481, 56.787082 ] }, { "date": "2025-09-05", "close": 53.232349, "volume": 3612836, "typical_volume": 4720718.6, "trend": 57.471213, "fair_value": 55.199839, "relative_strength": -1.906926, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.892924, "energy": 56.415373, "activity_lines": [ 54.254471, 55.311705, 56.050928, 56.513733 ] }, { "date": "2025-09-12", "close": 52.959259, "volume": 2695698, "typical_volume": 4690800.65, "trend": 57.29635, "fair_value": 55.282917, "relative_strength": -2.968526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.55075, "energy": 56.892889, "activity_lines": [ 53.658882, 54.719781, 55.700342, 56.222639 ] }, { "date": "2025-09-19", "close": 53.076294, "volume": 4473562, "typical_volume": 4629240.4, "trend": 57.057433, "fair_value": 55.381591, "relative_strength": -3.384129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.716846, "energy": 57.315687, "activity_lines": [ 53.312971, 54.203754, 55.376354, 55.950378 ] }, { "date": "2025-09-26", "close": 54.051605, "volume": 6937303, "typical_volume": 4773081.35, "trend": 56.836063, "fair_value": 55.484993, "relative_strength": -1.669876, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.265434, "energy": 47.021815, "activity_lines": [ 53.439111, 53.997697, 55.186401, 55.756453 ] }, { "date": "2025-10-03", "close": 62.770866, "volume": 12959981, "typical_volume": 5199739.3, "trend": 56.832392, "fair_value": 55.628017, "relative_strength": 10.233114, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -2.032056, "energy": 7.541998, "activity_lines": [ 56.5627, 55.487615, 55.844223, 56.139344 ] }, { "date": "2025-10-10", "close": 60.839756, "volume": 9042580, "typical_volume": 5369754.3, "trend": 56.687666, "fair_value": 55.748732, "relative_strength": 7.246228, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.339853, "energy": 28.859645, "activity_lines": [ 58.436594, 56.524634, 56.293237, 56.397883 ] }, { "date": "2025-10-17", "close": 57.484692, "volume": 3937629, "typical_volume": 5197021.5, "trend": 56.396192, "fair_value": 55.838895, "relative_strength": 1.238217, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 41.110597, "energy": 36.416979, "activity_lines": [ 58.684972, 56.841343, 56.400521, 56.449304 ] }, { "date": "2025-10-24", "close": 59.181728, "volume": 7536602, "typical_volume": 5226016.5, "trend": 56.385727, "fair_value": 55.954585, "relative_strength": 0.756818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.795985, "energy": 47.088022, "activity_lines": [ 59.197334, 57.441778, 56.66404, 56.629017 ] }, { "date": "2025-10-31", "close": 58.850124, "volume": 3824442, "typical_volume": 5146089.2, "trend": 56.620446, "fair_value": 56.05006, "relative_strength": 0.664805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.723008, "energy": 54.091026, "activity_lines": [ 59.192132, 57.910991, 56.89607, 56.78801 ] }, { "date": "2025-11-07", "close": 59.357285, "volume": 7767181, "typical_volume": 5364863.25, "trend": 56.855237, "fair_value": 56.138463, "relative_strength": 2.666756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.631938, "energy": 34.091733, "activity_lines": [ 59.036083, 58.409994, 57.164884, 56.96458 ] }, { "date": "2025-11-14", "close": 61.541973, "volume": 5326958, "typical_volume": 5456787.05, "trend": 57.097389, "fair_value": 56.245983, "relative_strength": 5.245113, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.247231, "energy": 46.684867, "activity_lines": [ 59.835835, 59.203008, 57.616405, 57.26695 ] }, { "date": "2025-11-21", "close": 61.054321, "volume": 5193775, "typical_volume": 5417779.05, "trend": 57.259071, "fair_value": 56.349787, "relative_strength": 6.292721, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.963574, "energy": 43.303208, "activity_lines": [ 60.426222, 59.756274, 57.991759, 57.522236 ] }, { "date": "2025-11-28", "close": 66.184448, "volume": 8196753, "typical_volume": 5604995.65, "trend": 57.407968, "fair_value": 56.475957, "relative_strength": 11.060968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.225087, "energy": 70.990894, "activity_lines": [ 62.488676, 61.095107, 58.831454, 58.098067 ] }, { "date": "2025-12-05", "close": 67.296295, "volume": 3497264, "typical_volume": 5560842.45, "trend": 57.727869, "fair_value": 56.597063, "relative_strength": 10.799275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.572572, "energy": 81.742709, "activity_lines": [ 64.454897, 62.397765, 59.749359, 58.736024 ] }, { "date": "2025-12-12", "close": 69.168892, "volume": 4326842, "typical_volume": 5276944.8, "trend": 58.115392, "fair_value": 56.764779, "relative_strength": 13.405844, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.224559, "energy": 87.038588, "activity_lines": [ 66.48224, 63.800082, 60.811516, 59.474154 ] }, { "date": "2025-12-19", "close": 68.369133, "volume": 5039362, "typical_volume": 5349312.9, "trend": 58.52177, "fair_value": 56.922158, "relative_strength": 10.574067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.138554, "energy": 85.376541, "activity_lines": [ 67.588889, 64.94066, 61.740381, 60.135686 ] }, { "date": "2025-12-26", "close": 67.686424, "volume": 1374409, "typical_volume": 5253203.2, "trend": 58.89954, "fair_value": 57.076144, "relative_strength": 8.510054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.461308, "energy": 80.859662, "activity_lines": [ 68.012824, 65.820212, 62.539485, 60.726954 ] }, { "date": "2026-01-02", "close": 71.958275, "volume": 2710382, "typical_volume": 5273765.9, "trend": 59.324775, "fair_value": 57.240604, "relative_strength": 13.247483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.275357, "energy": 90.168712, "activity_lines": [ 69.41857, 67.290978, 63.690349, 61.569453 ] }, { "date": "2026-01-09", "close": 73.967407, "volume": 3502536, "typical_volume": 5286399.45, "trend": 59.90931, "fair_value": 57.398869, "relative_strength": 11.899985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.204613, "energy": 92.206462, "activity_lines": [ 71.109104, 68.89474, 64.953141, 62.514139 ] }, { "date": "2026-01-16", "close": 74.68914, "volume": 6387558, "typical_volume": 5417182.65, "trend": 60.597878, "fair_value": 57.552618, "relative_strength": 9.790783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.86063, "energy": 92.045338, "activity_lines": [ 72.595476, 70.354866, 66.196335, 63.467676 ] }, { "date": "2026-01-23", "close": 76.522713, "volume": 6890598, "typical_volume": 5581070.75, "trend": 61.305301, "fair_value": 57.668963, "relative_strength": 12.597432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.800032, "energy": 92.466564, "activity_lines": [ 74.325021, 71.869608, 67.514116, 64.495085 ] }, { "date": "2026-01-30", "close": 72.231354, "volume": 8168758, "typical_volume": 5854723.75, "trend": 61.847573, "fair_value": 57.768516, "relative_strength": 5.368816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.730174, "energy": 67.565012, "activity_lines": [ 74.080542, 72.331726, 68.31229, 65.199991 ] }, { "date": "2026-02-06", "close": 75.09877, "volume": 5173846, "typical_volume": 5889737.95, "trend": 62.338478, "fair_value": 57.898247, "relative_strength": 5.903047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.064669, "energy": 64.69462, "activity_lines": [ 74.488873, 73.111974, 69.291779, 66.054907 ] }, { "date": "2026-02-13", "close": 73.811363, "volume": 7107028, "typical_volume": 5898224.2, "trend": 62.794273, "fair_value": 57.999965, "relative_strength": 3.913906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.29488, "energy": 53.453265, "activity_lines": [ 74.258702, 73.496069, 70.043788, 66.795094 ] }, { "date": "2026-02-20", "close": 75.976547, "volume": 4863717, "typical_volume": 5493411.0, "trend": 63.421071, "fair_value": 58.119396, "relative_strength": 4.763678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.574483, "energy": 50.290465, "activity_lines": [ 74.760661, 74.155378, 70.907912, 67.645563 ] }, { "date": "2026-02-27", "close": 78.726913, "volume": 4241968, "typical_volume": 5253380.4, "trend": 64.219524, "fair_value": 58.230798, "relative_strength": 6.937415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.897755, "energy": 56.989984, "activity_lines": [ 76.093582, 75.190978, 71.971091, 68.633037 ] }, { "date": "2026-03-06", "close": 71.84124, "volume": 4977846, "typical_volume": 5305391.25, "trend": 64.74359, "fair_value": 58.307597, "relative_strength": 3.4475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.953298, "energy": 42.417812, "activity_lines": [ 74.984333, 74.786314, 72.293315, 69.12476 ] }, { "date": "2026-03-13", "close": 68.876297, "volume": 6298910, "typical_volume": 5243506.65, "trend": 65.196783, "fair_value": 58.412385, "relative_strength": -0.045586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.661957, "energy": 26.080414, "activity_lines": [ 72.912776, 73.767028, 72.264799, 69.391386 ] }, { "date": "2026-03-20", "close": 65.872345, "volume": 7097805, "typical_volume": 5407174.8, "trend": 65.545293, "fair_value": 58.494278, "relative_strength": 0.921539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.922796, "energy": 13.783998, "activity_lines": [ 70.254734, 72.257604, 71.904027, 69.434971 ] }, { "date": "2026-03-27", "close": 69.676056, "volume": 5500796, "typical_volume": 5293855.55, "trend": 66.078462, "fair_value": 58.565162, "relative_strength": 6.69407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.807371, "energy": 18.823814, "activity_lines": [ 69.393863, 71.586948, 71.872075, 69.701472 ] }, { "date": "2026-04-03", "close": 73.284691, "volume": 3111213, "typical_volume": 5183068.3, "trend": 66.746874, "fair_value": 58.673335, "relative_strength": 8.181091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.772781, "energy": 17.414907, "activity_lines": [ 70.155903, 71.663553, 72.134665, 70.16639 ] }, { "date": "2026-04-10", "close": 78.278275, "volume": 5089960, "typical_volume": 5177877.55, "trend": 67.590841, "fair_value": 58.790021, "relative_strength": 9.990282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.7721, "energy": 20.726998, "activity_lines": [ 72.945286, 72.706956, 72.816917, 70.910351 ] }, { "date": "2026-04-17", "close": 82.647652, "volume": 5707680, "typical_volume": 5053423.9, "trend": 68.576553, "fair_value": 58.943339, "relative_strength": 13.214996, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.98813, "energy": 52.497105, "activity_lines": [ 76.761993, 74.434848, 73.833281, 71.881758 ] }, { "date": "2026-04-24", "close": 81.41877, "volume": 3937780, "typical_volume": 5075449.7, "trend": 69.488791, "fair_value": 59.063571, "relative_strength": 14.150255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.578114, "energy": 67.013876, "activity_lines": [ 79.250981, 75.802054, 74.654212, 72.710289 ] }, { "date": "2026-05-01", "close": 82.440002, "volume": 3912592, "typical_volume": 5054737.2, "trend": 70.144429, "fair_value": 59.192451, "relative_strength": 16.931709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.913361, "energy": 73.38425, "activity_lines": [ 81.043952, 77.216621, 75.505154, 73.545851 ] }, { "date": "2026-05-08", "close": 85.919998, "volume": 4674664, "typical_volume": 5036502.3, "trend": 70.980437, "fair_value": 59.363871, "relative_strength": 20.900974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.51282, "energy": 76.946797, "activity_lines": [ 83.145992, 79.146399, 76.624328, 74.563629 ] }, { "date": "2026-05-15", "close": 84.540001, "volume": 3099662, "typical_volume": 5122764.95, "trend": 71.882281, "fair_value": 59.518484, "relative_strength": 19.897621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.382434, "energy": 72.791555, "activity_lines": [ 83.94568, 80.694484, 77.528499, 75.43844 ] }, { "date": "2026-05-22", "close": 91.239998, "volume": 4230281, "typical_volume": 5198759.9, "trend": 72.95089, "fair_value": 59.718037, "relative_strength": 24.235521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.082377, "energy": 78.984821, "activity_lines": [ 86.561251, 83.229864, 78.990509, 76.687325 ] }, { "date": "2026-05-29", "close": 95.279999, "volume": 7754244, "typical_volume": 5411345.3, "trend": 74.165219, "fair_value": 59.91485, "relative_strength": 29.24, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.122952, "energy": 85.485792, "activity_lines": [ 89.950666, 86.093176, 80.745464, 78.127912 ] }, { "date": "2026-06-05", "close": 97.400002, "volume": 900372, "typical_volume": 5136986.0, "trend": 75.43331, "fair_value": 60.11077, "relative_strength": 32.193757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.786896, "energy": 90.641932, "activity_lines": [ 93.122667, 88.80726, 82.600835, 79.626931 ] }, { "date": "2026-06-12", "close": 100.900002, "volume": 825584, "typical_volume": 4833735.3, "trend": 76.745244, "fair_value": 60.313646, "relative_strength": 36.021496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.437717, "energy": 93.484857, "activity_lines": [ 96.464001, 91.653635, 84.681392, 81.269943 ] }, { "date": "2026-06-19", "close": 94.480003, "volume": 3414287, "typical_volume": 4596011.75, "trend": 77.859433, "fair_value": 60.489631, "relative_strength": 23.994458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.323467, "energy": 84.840768, "activity_lines": [ 96.666668, 92.830641, 86.034439, 82.414121 ] }, { "date": "2026-06-26", "close": 91.32, "volume": 664619, "typical_volume": 4370550.4, "trend": 78.697285, "fair_value": 60.65144, "relative_strength": 20.136558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.916858, "energy": 69.147402, "activity_lines": [ 95.153335, 93.138524, 86.980587, 83.282545 ] }, { "date": "2026-07-03", "close": 94.019997, "volume": 704458, "typical_volume": 4050421.9, "trend": 79.588075, "fair_value": 60.839293, "relative_strength": 19.490624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.911217, "energy": 55.794714, "activity_lines": [ 94.534667, 93.779637, 88.106633, 84.271107 ] }, { "date": "2026-07-10", "close": 96.040001, "volume": 2391415, "typical_volume": 3926806.8, "trend": 80.483779, "fair_value": 61.026715, "relative_strength": 24.077589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.058828, "energy": 50.219903, "activity_lines": [ 94.673333, 94.558909, 89.32883, 85.332521 ] }, { "date": "2026-07-17", "close": 99.779999, "volume": 2309985, "typical_volume": 3830207.65, "trend": 81.530808, "fair_value": 61.304893, "relative_strength": 29.346269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.496643, "energy": 55.406275, "activity_lines": [ 96.149333, 95.770909, 90.811676, 86.577439 ] }, { "date": "2026-07-24", "close": 100.449997, "volume": 4457886, "typical_volume": 3804209.65, "trend": 82.622927, "fair_value": 61.59002, "relative_strength": 27.127586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.384356, "energy": 57.59381, "activity_lines": [ 97.923332, 96.852727, 92.258079, 87.798032 ] }, { "date": "2026-07-31", "close": 100.099998, "volume": 2816584, "typical_volume": 3630093.35, "trend": 83.560984, "fair_value": 61.873898, "relative_strength": 23.950131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.212834, "energy": 58.241932, "activity_lines": [ 99.182665, 97.581636, 93.534916, 88.925585 ] }, { "date": "2026-08-07", "close": 101.800003, "volume": 2287376, "typical_volume": 3389571.9, "trend": 84.488738, "fair_value": 62.172653, "relative_strength": 22.695248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.934394, "energy": 66.233449, "activity_lines": [ 100.423333, 98.458545, 94.824975, 90.102295 ] } ], "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." } } }