{ "ticker": { "uuid": "62cb4a9c-d231-4dae-8368-434073f9f81b", "symbol": "DEF", "name": "DEFAMA Deutsche Fachmarkt AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -61.55, "architecture_energy": 51.821, "architecture_maturity": 100.0, "architecture_confidence": 91.265, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 8.05, "rotation_up": 27.38, "upward_expansion": 8.84, "deceleration": 60.94, "rotation_down": 50.49, "downward_expansion": 82.17 }, "activity_lines": [ 22.671515, 22.772744, 23.303208, 23.934508 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 22.9, "trend_reference": 24.939576, "distance_from_trend": -0.081781, "trend_direction": "Weakening", "fair_value": 25.599507, "distance_from_fair_value": -0.105452, "fair_value_direction": "Weakening", "relative_strength": -20.698972, "relative_strength_direction": "Weakening", "price_momentum": -0.176259, "excess_performance": -0.240899, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.081781, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.06884, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.105452, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.051349, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.20699, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.066159, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.176259, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.628805, "read": "Supply-led" } ], "volume": { "latest": 8219, "relative_activity": 1.163036, "balance": 0.628805, "dry_up": 1.303622, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.034028, "annualized_volatility": 0.165248, "from_high_reference": -0.279874, "from_low_reference": 0.036199 }, "levels": { "trend_reference": 24.939576, "fair_value_reference": 25.599507, "structural_low": 22.1, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.003597, "positive_rate": 0.444444, "directional_follow_through": 0.5, "median_excess_return": -0.010313, "regime_survival": 0.777778, "best_return": 0.102804, "worst_return": -0.094203, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.022089, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.104894, "regime_survival": 0.333333, "best_return": 0.076923, "worst_return": -0.111511, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.016596, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.037785, "regime_survival": 0.25, "best_return": 0.179113, "worst_return": -0.194245, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.025267, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.19361, "regime_survival": 0.666667, "best_return": 0.250537, "worst_return": -0.071813, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-03-31", "end": "2023-04-28", "tenure": "Developing", "return": -0.058036, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-05-05", "end": "2023-07-14", "tenure": "Developing", "return": -0.013636, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-21", "end": "2023-12-08", "tenure": "Established", "return": 0.097008, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-03-22", "tenure": "Established", "return": -0.008265, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-29", "end": "2024-05-10", "tenure": "Developing", "return": 0.07563, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-12-20", "tenure": "Extended", "return": 0.118272, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-02-28", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.044118, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-13", "tenure": "Developing", "return": 0.030769, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": 0.007194, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": 0.014599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-10-24", "tenure": "Developing", "return": 0.05036, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2026-01-23", "tenure": "Established", "return": -0.060811, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-08-07", "tenure": "Extended", "return": -0.176259, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.070688, "volume": 2152, "typical_volume": 6152.95, "trend": 20.908432, "fair_value": 21.063498, "relative_strength": -6.173037, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.154155, "energy": 24.235968, "activity_lines": [ 21.036208, 20.818299, 20.608466, 20.653589 ] }, { "date": "2023-08-25", "close": 20.974911, "volume": 13474, "typical_volume": 6764.3, "trend": 20.859697, "fair_value": 21.091837, "relative_strength": -6.387165, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.92933, "energy": 18.801061, "activity_lines": [ 21.013222, 20.888187, 20.656422, 20.657878 ] }, { "date": "2023-09-01", "close": 20.974911, "volume": 2602, "typical_volume": 6794.55, "trend": 20.817194, "fair_value": 21.120177, "relative_strength": -7.073252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.998914, "energy": 15.765531, "activity_lines": [ 21.000452, 20.938764, 20.702883, 20.665311 ] }, { "date": "2023-09-08", "close": 20.208706, "volume": 14239, "typical_volume": 7121.05, "trend": 20.749151, "fair_value": 21.141335, "relative_strength": -9.354783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.911308, "energy": 5.445983, "activity_lines": [ 20.73228, 20.829021, 20.673539, 20.626054 ] }, { "date": "2023-09-15", "close": 21.070688, "volume": 5109, "typical_volume": 7298.05, "trend": 20.722306, "fair_value": 21.168586, "relative_strength": -5.899777, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.233251, "energy": 7.340921, "activity_lines": [ 20.8089, 20.877421, 20.725771, 20.646798 ] }, { "date": "2023-09-22", "close": 20.687584, "volume": 7558, "typical_volume": 7515.75, "trend": 20.670225, "fair_value": 21.191679, "relative_strength": -5.108497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.82411, "energy": 6.057372, "activity_lines": [ 20.751435, 20.843612, 20.735113, 20.644558 ] }, { "date": "2023-09-29", "close": 20.112928, "volume": 38828, "typical_volume": 9318.05, "trend": 20.592757, "fair_value": 21.205981, "relative_strength": -6.278031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.111405, "energy": 12.640025, "activity_lines": [ 20.527958, 20.698032, 20.689152, 20.608603 ] }, { "date": "2023-10-06", "close": 19.825602, "volume": 9601, "typical_volume": 9580.85, "trend": 20.524409, "fair_value": 21.219576, "relative_strength": -6.162035, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.121411, "energy": 27.197061, "activity_lines": [ 20.26617, 20.51867, 20.614874, 20.55911 ] }, { "date": "2023-10-13", "close": 20.591808, "volume": 9879, "typical_volume": 9748.5, "trend": 20.500298, "fair_value": 21.239218, "relative_strength": -1.956341, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.154199, "energy": 14.821125, "activity_lines": [ 20.336406, 20.499515, 20.613983, 20.563458 ] }, { "date": "2023-10-20", "close": 20.30448, "volume": 8652, "typical_volume": 9499.0, "trend": 20.504005, "fair_value": 21.25645, "relative_strength": -0.512553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.321214, "energy": 16.141274, "activity_lines": [ 20.285325, 20.436825, 20.584275, 20.550824 ] }, { "date": "2023-10-27", "close": 20.112928, "volume": 2965, "typical_volume": 9289.15, "trend": 20.476396, "fair_value": 21.278697, "relative_strength": -0.392059, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.34675, "energy": 21.669971, "activity_lines": [ 20.221474, 20.351498, 20.53802, 20.525594 ] }, { "date": "2023-11-03", "close": 20.017153, "volume": 13982, "typical_volume": 9624.25, "trend": 20.454944, "fair_value": 21.29084, "relative_strength": -3.783988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.319436, "energy": 17.410427, "activity_lines": [ 20.164009, 20.26617, 20.488369, 20.495965 ] }, { "date": "2023-11-10", "close": 19.63405, "volume": 26920, "typical_volume": 10048.9, "trend": 20.430071, "fair_value": 21.300528, "relative_strength": -5.557367, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -34.392614, "energy": 33.192713, "activity_lines": [ 19.985228, 20.128601, 20.401735, 20.443004 ] }, { "date": "2023-11-17", "close": 20.30448, "volume": 13515, "typical_volume": 10530.45, "trend": 20.436894, "fair_value": 21.316813, "relative_strength": -6.198891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.071188, "energy": 32.119121, "activity_lines": [ 20.042693, 20.137308, 20.379834, 20.434902 ] }, { "date": "2023-11-24", "close": 20.974911, "volume": 15856, "typical_volume": 10790.55, "trend": 20.47853, "fair_value": 21.337397, "relative_strength": -3.518896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.261937, "energy": 10.197836, "activity_lines": [ 20.342791, 20.26617, 20.421699, 20.469612 ] }, { "date": "2023-12-01", "close": 20.78336, "volume": 9100, "typical_volume": 11131.45, "trend": 20.485734, "fair_value": 21.358477, "relative_strength": -6.297611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.397926, "energy": 6.261178, "activity_lines": [ 20.534342, 20.361946, 20.442489, 20.489279 ] }, { "date": "2023-12-08", "close": 23.177757, "volume": 26334, "typical_volume": 12301.1, "trend": 20.594565, "fair_value": 21.395482, "relative_strength": 2.50216, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.830179, "energy": 54.232488, "activity_lines": [ 21.479331, 20.891325, 20.688952, 20.662958 ] }, { "date": "2023-12-15", "close": 23.177757, "volume": 15985, "typical_volume": 12605.75, "trend": 20.703397, "fair_value": 21.430761, "relative_strength": 2.770372, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.50658, "energy": 74.371136, "activity_lines": [ 22.213613, 21.364981, 20.925655, 20.829615 ] }, { "date": "2023-12-22", "close": 23.369307, "volume": 4274, "typical_volume": 12337.35, "trend": 20.806148, "fair_value": 21.467268, "relative_strength": 4.13387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.945162, "energy": 80.451275, "activity_lines": [ 22.775498, 21.812515, 21.170112, 21.001609 ] }, { "date": "2023-12-29", "close": 23.177757, "volume": 6880, "typical_volume": 12395.25, "trend": 20.890049, "fair_value": 21.502547, "relative_strength": 3.237515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.118641, "energy": 82.343016, "activity_lines": [ 23.069211, 22.174722, 21.38538, 21.154616 ] }, { "date": "2024-01-05", "close": 24.614395, "volume": 5633, "typical_volume": 12569.3, "trend": 21.000025, "fair_value": 21.54416, "relative_strength": 10.678601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.587441, "energy": 90.564583, "activity_lines": [ 23.694946, 22.745894, 21.72698, 21.394897 ] }, { "date": "2024-01-12", "close": 23.752409, "volume": 6324, "typical_volume": 12211.8, "trend": 21.128011, "fair_value": 21.585998, "relative_strength": 6.234488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.643999, "energy": 81.828338, "activity_lines": [ 23.777951, 23.078497, 21.969612, 21.57247 ] }, { "date": "2024-01-19", "close": 23.656637, "volume": 8354, "typical_volume": 12499.4, "trend": 21.255922, "fair_value": 21.627223, "relative_strength": 6.858656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.705732, "energy": 75.317171, "activity_lines": [ 23.790722, 23.325774, 22.189897, 21.735607 ] }, { "date": "2024-01-26", "close": 24.231289, "volume": 3953, "typical_volume": 11985.1, "trend": 21.387406, "fair_value": 21.672131, "relative_strength": 6.913265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.755061, "energy": 63.589852, "activity_lines": [ 23.963118, 23.604394, 22.45214, 21.927566 ] }, { "date": "2024-02-02", "close": 24.327065, "volume": 8189, "typical_volume": 12139.1, "trend": 21.518966, "fair_value": 21.717653, "relative_strength": 7.609407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.389586, "energy": 53.825686, "activity_lines": [ 24.109974, 23.829032, 22.70435, 22.117222 ] }, { "date": "2024-02-09", "close": 24.135515, "volume": 3787, "typical_volume": 11950.55, "trend": 21.647258, "fair_value": 21.761947, "relative_strength": 6.7522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.85103, "energy": 50.351781, "activity_lines": [ 24.116359, 23.957894, 22.92281, 22.286031 ] }, { "date": "2024-02-16", "close": 24.997498, "volume": 6728, "typical_volume": 10345.55, "trend": 21.776236, "fair_value": 21.812342, "relative_strength": 9.256978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.203295, "energy": 55.378191, "activity_lines": [ 24.441997, 24.182532, 23.206945, 22.502176 ] }, { "date": "2024-02-23", "close": 24.710167, "volume": 8751, "typical_volume": 10303.05, "trend": 21.900745, "fair_value": 21.85917, "relative_strength": 6.197123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.480576, "energy": 52.897467, "activity_lines": [ 24.588853, 24.321842, 23.440455, 22.691462 ] }, { "date": "2024-03-01", "close": 24.997498, "volume": 6366, "typical_volume": 10127.4, "trend": 22.031638, "fair_value": 21.908989, "relative_strength": 5.566121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.773738, "energy": 53.561132, "activity_lines": [ 24.76125, 24.485531, 23.678071, 22.891252 ] }, { "date": "2024-03-08", "close": 24.135515, "volume": 3333, "typical_volume": 9861.45, "trend": 22.136992, "fair_value": 21.952708, "relative_strength": 1.563735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.278326, "energy": 50.099585, "activity_lines": [ 24.595239, 24.462894, 23.812613, 23.026986 ] }, { "date": "2024-03-15", "close": 23.848186, "volume": 1226, "typical_volume": 9774.5, "trend": 22.229575, "fair_value": 21.995736, "relative_strength": -0.165043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.985578, "energy": 37.128575, "activity_lines": [ 24.346221, 24.3706, 23.901548, 23.137386 ] }, { "date": "2024-03-22", "close": 22.986204, "volume": 4543, "typical_volume": 9302.55, "trend": 22.296618, "fair_value": 22.034388, "relative_strength": -5.076908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.992458, "energy": 18.812536, "activity_lines": [ 23.829031, 24.135514, 23.890602, 23.186201 ] }, { "date": "2024-03-29", "close": 22.794651, "volume": 3391, "typical_volume": 8126.1, "trend": 22.357276, "fair_value": 22.070662, "relative_strength": -7.182621, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.314419, "energy": 19.844678, "activity_lines": [ 23.382077, 23.879531, 23.847274, 23.218332 ] }, { "date": "2024-04-05", "close": 22.794651, "volume": 2156, "typical_volume": 7558.15, "trend": 22.443474, "fair_value": 22.107511, "relative_strength": -5.465055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.30186, "energy": 19.367917, "activity_lines": [ 23.062824, 23.639221, 23.788897, 23.24655 ] }, { "date": "2024-04-12", "close": 23.177757, "volume": 4626, "typical_volume": 6996.65, "trend": 22.51371, "fair_value": 22.146241, "relative_strength": -2.569067, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.12825, "energy": 20.720155, "activity_lines": [ 23.018129, 23.494687, 23.755147, 23.293923 ] }, { "date": "2024-04-19", "close": 22.794651, "volume": 2448, "typical_volume": 6664.05, "trend": 22.583946, "fair_value": 22.180789, "relative_strength": -3.164499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.217877, "energy": 19.598247, "activity_lines": [ 22.909583, 23.301393, 23.674422, 23.312048 ] }, { "date": "2024-04-26", "close": 24.327065, "volume": 13741, "typical_volume": 6034.4, "trend": 22.724417, "fair_value": 22.225161, "relative_strength": 0.787673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.976388, "energy": 12.914503, "activity_lines": [ 23.382077, 23.4111, 23.730063, 23.424507 ] }, { "date": "2024-05-03", "close": 24.90172, "volume": 3363, "typical_volume": 5403.3, "trend": 22.893621, "fair_value": 22.272067, "relative_strength": 3.939628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.796805, "energy": 28.266407, "activity_lines": [ 23.956732, 23.637479, 23.83496, 23.564978 ] }, { "date": "2024-05-10", "close": 24.518618, "volume": 9094, "typical_volume": 5644.3, "trend": 23.024514, "fair_value": 22.315366, "relative_strength": -1.941537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.346191, "energy": 32.080494, "activity_lines": [ 24.263215, 23.790721, 23.895162, 23.669817 ] }, { "date": "2024-05-17", "close": 24.327065, "volume": 7306, "typical_volume": 5665.6, "trend": 23.158601, "fair_value": 22.352837, "relative_strength": -2.460279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.214622, "energy": 35.847891, "activity_lines": [ 24.390916, 23.917841, 23.931648, 23.753852 ] }, { "date": "2024-05-24", "close": 23.943962, "volume": 5591, "typical_volume": 5663.5, "trend": 23.286302, "fair_value": 22.384401, "relative_strength": -3.955769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.204447, "energy": 40.49826, "activity_lines": [ 24.314295, 23.971824, 23.926175, 23.804521 ] }, { "date": "2024-05-31", "close": 24.518618, "volume": 2843, "typical_volume": 5489.45, "trend": 23.43635, "fair_value": 22.418498, "relative_strength": -0.666516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.037411, "energy": 34.729341, "activity_lines": [ 24.352606, 24.128548, 23.978624, 23.884025 ] }, { "date": "2024-06-07", "close": 25.093275, "volume": 8619, "typical_volume": 5502.7, "trend": 23.618325, "fair_value": 22.45743, "relative_strength": 1.313492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.477678, "energy": 36.864422, "activity_lines": [ 24.569699, 24.361894, 24.082153, 23.990924 ] }, { "date": "2024-06-14", "close": 24.90172, "volume": 3063, "typical_volume": 5458.2, "trend": 23.771566, "fair_value": 22.496284, "relative_strength": 3.393929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.494049, "energy": 35.114562, "activity_lines": [ 24.71017, 24.518618, 24.160598, 24.073723 ] }, { "date": "2024-06-21", "close": 25.476377, "volume": 18391, "typical_volume": 5968.3, "trend": 23.921615, "fair_value": 22.53307, "relative_strength": 4.612957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.097376, "energy": 56.095811, "activity_lines": [ 25.016653, 24.741514, 24.29058, 24.183711 ] }, { "date": "2024-06-28", "close": 25.667929, "volume": 3074, "typical_volume": 5932.65, "trend": 24.084434, "fair_value": 22.572235, "relative_strength": 4.756478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.404234, "energy": 64.368441, "activity_lines": [ 25.310365, 24.957446, 24.433332, 24.296376 ] }, { "date": "2024-07-05", "close": 25.667929, "volume": 2335, "typical_volume": 5713.0, "trend": 24.16744, "fair_value": 22.609099, "relative_strength": 3.272758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.501106, "energy": 64.377358, "activity_lines": [ 25.489147, 25.121135, 24.568786, 24.398537 ] }, { "date": "2024-07-12", "close": 25.834286, "volume": 6267, "typical_volume": 5588.8, "trend": 24.255991, "fair_value": 22.644729, "relative_strength": 2.257088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.959106, "energy": 64.935973, "activity_lines": [ 25.64676, 25.290693, 24.716892, 24.506076 ] }, { "date": "2024-07-19", "close": 25.442856, "volume": 4547, "typical_volume": 5497.85, "trend": 24.325109, "fair_value": 22.685901, "relative_strength": 3.76197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.019159, "energy": 47.758324, "activity_lines": [ 25.624496, 25.372125, 24.822365, 24.582648 ] }, { "date": "2024-07-26", "close": 26.030001, "volume": 2681, "typical_volume": 5465.25, "trend": 24.420184, "fair_value": 22.723936, "relative_strength": 4.532509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.378113, "energy": 50.874829, "activity_lines": [ 25.761872, 25.543507, 24.981637, 24.692641 ] }, { "date": "2024-08-02", "close": 26.225714, "volume": 7252, "typical_volume": 5766.55, "trend": 24.473894, "fair_value": 22.754527, "relative_strength": 9.572998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.344873, "energy": 49.678184, "activity_lines": [ 25.927576, 25.71951, 25.150526, 24.809127 ] }, { "date": "2024-08-09", "close": 25.638573, "volume": 7821, "typical_volume": 5930.45, "trend": 24.536766, "fair_value": 22.78018, "relative_strength": 6.563001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.947465, "energy": 39.513589, "activity_lines": [ 25.860381, 25.747274, 25.252175, 24.884267 ] }, { "date": "2024-08-16", "close": 25.442856, "volume": 2401, "typical_volume": 5880.95, "trend": 24.596307, "fair_value": 22.801051, "relative_strength": 2.237638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.437751, "energy": 34.919743, "activity_lines": [ 25.729905, 25.719091, 25.322555, 24.942725 ] }, { "date": "2024-08-23", "close": 25.834286, "volume": 4168, "typical_volume": 5981.55, "trend": 24.64974, "fair_value": 22.823257, "relative_strength": 2.01502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.086657, "energy": 32.976246, "activity_lines": [ 25.756, 25.75572, 25.417603, 25.022594 ] }, { "date": "2024-08-30", "close": 25.834286, "volume": 6168, "typical_volume": 6058.65, "trend": 24.699981, "fair_value": 22.847813, "relative_strength": 0.477517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.62124, "energy": 25.60175, "activity_lines": [ 25.756, 25.775394, 25.498177, 25.099017 ] }, { "date": "2024-09-06", "close": 26.421429, "volume": 5083, "typical_volume": 6190.4, "trend": 24.776178, "fair_value": 22.878483, "relative_strength": 5.918853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.682114, "energy": 36.11416, "activity_lines": [ 25.964762, 25.895313, 25.622019, 25.210078 ] }, { "date": "2024-09-13", "close": 26.421429, "volume": 651, "typical_volume": 5535.9, "trend": 24.823642, "fair_value": 22.909154, "relative_strength": 3.539884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.515881, "energy": 43.037179, "activity_lines": [ 26.160476, 26.001533, 25.72859, 25.316223 ] }, { "date": "2024-09-20", "close": 26.421429, "volume": 2029, "typical_volume": 5469.2, "trend": 24.880685, "fair_value": 22.939825, "relative_strength": 3.307052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.244371, "energy": 51.02787, "activity_lines": [ 26.304, 26.094052, 25.825188, 25.419306 ] }, { "date": "2024-09-27", "close": 26.812857, "volume": 4367, "typical_volume": 5232.85, "trend": 24.941197, "fair_value": 22.969478, "relative_strength": 0.681571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.268056, "energy": 62.120996, "activity_lines": [ 26.512762, 26.247065, 25.951829, 25.543962 ] }, { "date": "2024-10-04", "close": 27.008572, "volume": 4356, "typical_volume": 5085.35, "trend": 25.036965, "fair_value": 22.998036, "relative_strength": 3.126582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.290322, "energy": 63.034373, "activity_lines": [ 26.721524, 26.410754, 26.086184, 25.677341 ] }, { "date": "2024-10-11", "close": 27.008572, "volume": 4566, "typical_volume": 5034.1, "trend": 25.142311, "fair_value": 23.024242, "relative_strength": 1.725894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.876365, "energy": 62.586134, "activity_lines": [ 26.852, 26.55665, 26.20777, 25.804542 ] }, { "date": "2024-10-18", "close": 27.204285, "volume": 2266, "typical_volume": 5005.25, "trend": 25.282914, "fair_value": 23.052879, "relative_strength": 0.968301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.24296, "energy": 68.364548, "activity_lines": [ 27.008571, 26.723896, 26.333402, 25.937572 ] }, { "date": "2024-10-25", "close": 27.4, "volume": 2824, "typical_volume": 4715.5, "trend": 25.436426, "fair_value": 23.08277, "relative_strength": 2.651921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.885431, "energy": 69.931664, "activity_lines": [ 27.17819, 26.89826, 26.464884, 26.074159 ] }, { "date": "2024-11-01", "close": 27.595715, "volume": 1276, "typical_volume": 4626.15, "trend": 25.596461, "fair_value": 23.108039, "relative_strength": 4.336555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.147579, "energy": 71.243781, "activity_lines": [ 27.34781, 27.072624, 26.604022, 26.213468 ] }, { "date": "2024-11-08", "close": 27.4, "volume": 1637, "typical_volume": 3788.45, "trend": 25.737203, "fair_value": 23.134403, "relative_strength": 3.610556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.422698, "energy": 62.281651, "activity_lines": [ 27.4, 27.179377, 26.711692, 26.329825 ] }, { "date": "2024-11-15", "close": 27.595715, "volume": 4324, "typical_volume": 3850.95, "trend": 25.897238, "fair_value": 23.160848, "relative_strength": 4.141721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.845568, "energy": 51.607181, "activity_lines": [ 27.491334, 27.293247, 26.828841, 26.449729 ] }, { "date": "2024-11-22", "close": 28.574286, "volume": 5375, "typical_volume": 4002.95, "trend": 26.038812, "fair_value": 23.195915, "relative_strength": 6.956951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.033891, "energy": 59.865625, "activity_lines": [ 27.869715, 27.563689, 27.030007, 26.622442 ] }, { "date": "2024-11-29", "close": 28.769999, "volume": 9386, "typical_volume": 4158.9, "trend": 26.167755, "fair_value": 23.227536, "relative_strength": 5.730483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.756079, "energy": 56.685371, "activity_lines": [ 28.222, 27.830571, 27.235973, 26.798647 ] }, { "date": "2024-12-06", "close": 28.182856, "volume": 9710, "typical_volume": 4417.05, "trend": 26.289896, "fair_value": 23.247165, "relative_strength": -0.278845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.486366, "energy": 50.702923, "activity_lines": [ 28.287238, 27.948, 27.372041, 26.928654 ] }, { "date": "2024-12-13", "close": 27.595715, "volume": 14453, "typical_volume": 5005.65, "trend": 26.398851, "fair_value": 23.261855, "relative_strength": -2.415983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.688567, "energy": 44.34091, "activity_lines": [ 28.117619, 27.933766, 27.439143, 27.0129 ] }, { "date": "2024-12-20", "close": 27.204285, "volume": 8458, "typical_volume": 5065.95, "trend": 26.507528, "fair_value": 23.278738, "relative_strength": -1.23667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.977652, "energy": 27.369458, "activity_lines": [ 27.804476, 27.837688, 27.46151, 27.064864 ] }, { "date": "2024-12-27", "close": 27.595715, "volume": 1063, "typical_volume": 4728.05, "trend": 26.610098, "fair_value": 23.292253, "relative_strength": -0.310975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.592925, "energy": 17.685551, "activity_lines": [ 27.647905, 27.809221, 27.516497, 27.135069 ] }, { "date": "2025-01-03", "close": 27.595715, "volume": 1905, "typical_volume": 4703.25, "trend": 26.693513, "fair_value": 23.308118, "relative_strength": 0.215831, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.099812, "energy": 17.755757, "activity_lines": [ 27.556572, 27.773636, 27.562163, 27.198658 ] }, { "date": "2025-01-10", "close": 26.812857, "volume": 3621, "typical_volume": 4675.9, "trend": 26.757217, "fair_value": 23.320141, "relative_strength": -3.986709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.70815, "energy": 13.899688, "activity_lines": [ 27.282572, 27.592156, 27.52302, 27.206357 ] }, { "date": "2025-01-17", "close": 27.595715, "volume": 2058, "typical_volume": 4470.4, "trend": 26.827862, "fair_value": 23.333655, "relative_strength": -4.293664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.131481, "energy": 13.954628, "activity_lines": [ 27.360858, 27.567247, 27.553776, 27.260454 ] }, { "date": "2025-01-24", "close": 28.182856, "volume": 7263, "typical_volume": 4579.4, "trend": 26.911693, "fair_value": 23.350934, "relative_strength": -4.354484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.336087, "energy": 16.377748, "activity_lines": [ 27.634857, 27.645532, 27.632061, 27.347873 ] }, { "date": "2025-01-31", "close": 27.987143, "volume": 9402, "typical_volume": 5016.95, "trend": 26.989, "fair_value": 23.355203, "relative_strength": -6.295709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.52679, "energy": 17.419289, "activity_lines": [ 27.778381, 27.677558, 27.68332, 27.417257 ] }, { "date": "2025-02-07", "close": 27.595715, "volume": 4291, "typical_volume": 5130.05, "trend": 27.047714, "fair_value": 23.361666, "relative_strength": -7.633413, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.450505, "energy": 18.0965, "activity_lines": [ 27.765333, 27.649091, 27.689844, 27.456399 ] }, { "date": "2025-02-14", "close": 27.4, "volume": 4391, "typical_volume": 5131.25, "trend": 27.112953, "fair_value": 23.373926, "relative_strength": -10.943808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.588399, "energy": 15.045021, "activity_lines": [ 27.687048, 27.60639, 27.672136, 27.479128 ] }, { "date": "2025-02-21", "close": 27.008572, "volume": 2720, "typical_volume": 5049.45, "trend": 27.145572, "fair_value": 23.382501, "relative_strength": -11.06774, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.268002, "energy": 6.075909, "activity_lines": [ 27.439143, 27.506753, 27.614354, 27.472393 ] }, { "date": "2025-02-28", "close": 27.595715, "volume": 6902, "typical_volume": 5166.25, "trend": 27.191238, "fair_value": 23.401893, "relative_strength": -9.961509, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.76834, "energy": 9.188506, "activity_lines": [ 27.426096, 27.524546, 27.61249, 27.501435 ] }, { "date": "2025-03-07", "close": 26.617144, "volume": 10335, "typical_volume": 5569.7, "trend": 27.223857, "fair_value": 23.41031, "relative_strength": -14.642045, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.614305, "energy": 16.614178, "activity_lines": [ 27.126001, 27.357299, 27.514633, 27.464397 ] }, { "date": "2025-03-14", "close": 26.225714, "volume": 3625, "typical_volume": 5609.75, "trend": 27.249953, "fair_value": 23.415043, "relative_strength": -15.590398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.263887, "energy": 34.049654, "activity_lines": [ 26.786762, 27.136676, 27.382293, 27.4 ] }, { "date": "2025-03-21", "close": 26.812857, "volume": 1410, "typical_volume": 5616.45, "trend": 27.282572, "fair_value": 23.423539, "relative_strength": -13.229277, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.667343, "energy": 32.713358, "activity_lines": [ 26.734572, 27.047715, 27.311463, 27.3718 ] }, { "date": "2025-03-28", "close": 27.204285, "volume": 2109, "typical_volume": 5640.05, "trend": 27.328238, "fair_value": 23.433369, "relative_strength": -10.249068, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.431622, "energy": 27.767875, "activity_lines": [ 26.852, 27.029922, 27.28164, 27.36675 ] }, { "date": "2025-04-04", "close": 25.442856, "volume": 8457, "typical_volume": 5846.7, "trend": 27.295619, "fair_value": 23.433083, "relative_strength": -8.631956, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.332779, "energy": 51.238429, "activity_lines": [ 26.369238, 26.698987, 27.084993, 27.245112 ] }, { "date": "2025-04-11", "close": 25.442856, "volume": 11365, "typical_volume": 6146.2, "trend": 27.263, "fair_value": 23.433973, "relative_strength": -7.373875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.394216, "energy": 52.437929, "activity_lines": [ 26.029999, 26.41787, 26.898599, 27.125579 ] }, { "date": "2025-04-18", "close": 26.421429, "volume": 5683, "typical_volume": 5961.05, "trend": 27.263, "fair_value": 23.43996, "relative_strength": -7.532479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.722719, "energy": 43.079628, "activity_lines": [ 26.095238, 26.360935, 26.820313, 27.071284 ] }, { "date": "2025-04-25", "close": 26.225714, "volume": 1722, "typical_volume": 5561.65, "trend": 27.243429, "fair_value": 23.445868, "relative_strength": -12.294046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.476571, "energy": 48.242477, "activity_lines": [ 26.08219, 26.289766, 26.734571, 27.004362 ] }, { "date": "2025-05-02", "close": 25.442856, "volume": 4711, "typical_volume": 5074.55, "trend": 27.191238, "fair_value": 23.445583, "relative_strength": -17.692376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.58339, "energy": 44.525795, "activity_lines": [ 25.847333, 26.09761, 26.583592, 26.888197 ] }, { "date": "2025-05-09", "close": 25.247141, "volume": 4464, "typical_volume": 4874.85, "trend": 27.132524, "fair_value": 23.451095, "relative_strength": -19.49189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.691371, "energy": 42.383349, "activity_lines": [ 25.664666, 25.898337, 26.424224, 26.762771 ] }, { "date": "2025-05-16", "close": 25.442856, "volume": 5971, "typical_volume": 5120.25, "trend": 27.073809, "fair_value": 23.464914, "relative_strength": -19.516121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.899219, "energy": 45.168175, "activity_lines": [ 25.560285, 25.77735, 26.292816, 26.65376 ] }, { "date": "2025-05-23", "close": 26.225714, "volume": 6930, "typical_volume": 5371.5, "trend": 27.034667, "fair_value": 23.482576, "relative_strength": -16.348886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.490289, "energy": 33.761611, "activity_lines": [ 25.716856, 25.820051, 26.246217, 26.599044 ] }, { "date": "2025-05-30", "close": 27.008572, "volume": 725, "typical_volume": 5226.7, "trend": 27.015095, "fair_value": 23.508782, "relative_strength": -14.925933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.021879, "energy": 16.28963, "activity_lines": [ 26.147428, 26.00509, 26.2807, 26.597361 ] }, { "date": "2025-06-06", "close": 27.204285, "volume": 1860, "typical_volume": 5216.8, "trend": 27.008571, "fair_value": 23.538594, "relative_strength": -15.104373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.029716, "energy": 14.23722, "activity_lines": [ 26.591047, 26.222155, 26.332891, 26.609567 ] }, { "date": "2025-06-13", "close": 26.225714, "volume": 1878, "typical_volume": 4947.55, "trend": 26.962905, "fair_value": 23.569186, "relative_strength": -15.08294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.955134, "energy": 19.661335, "activity_lines": [ 26.591047, 26.261298, 26.293748, 26.55906 ] }, { "date": "2025-06-20", "close": 27.204285, "volume": 3201, "typical_volume": 4637.5, "trend": 26.917238, "fair_value": 23.60605, "relative_strength": -10.979713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.333588, "energy": 14.698992, "activity_lines": [ 26.852, 26.464129, 26.357122, 26.574633 ] }, { "date": "2025-06-27", "close": 26.617144, "volume": 4558, "typical_volume": 4650.85, "trend": 26.845476, "fair_value": 23.635625, "relative_strength": -15.000291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.291109, "energy": 13.006772, "activity_lines": [ 26.79981, 26.528182, 26.368306, 26.555272 ] }, { "date": "2025-07-04", "close": 27.204285, "volume": 9998, "typical_volume": 4931.2, "trend": 26.812857, "fair_value": 23.667787, "relative_strength": -11.908318, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.999081, "energy": 16.45967, "activity_lines": [ 26.917238, 26.695428, 26.440068, 26.578421 ] }, { "date": "2025-07-11", "close": 27.4, "volume": 7160, "typical_volume": 5153.2, "trend": 26.806333, "fair_value": 23.698854, "relative_strength": -12.664749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.31381, "energy": 25.554579, "activity_lines": [ 27.086857, 26.880467, 26.531401, 26.616301 ] }, { "date": "2025-07-18", "close": 27.4, "volume": 15702, "typical_volume": 5593.2, "trend": 26.812857, "fair_value": 23.719342, "relative_strength": -12.433518, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.172748, "energy": 25.183248, "activity_lines": [ 27.243429, 27.029922, 26.62087, 26.654602 ] }, { "date": "2025-07-25", "close": 28.0, "volume": 2347, "typical_volume": 5193.8, "trend": 26.826333, "fair_value": 23.749009, "relative_strength": -9.904089, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.488402, "energy": 44.482115, "activity_lines": [ 27.521714, 27.249325, 26.768415, 26.731192 ] }, { "date": "2025-08-01", "close": 27.799999, "volume": 8420, "typical_volume": 5433.55, "trend": 26.833143, "fair_value": 23.774998, "relative_strength": -7.110052, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.487205, "energy": 45.290772, "activity_lines": [ 27.680285, 27.38587, 26.890326, 26.794009 ] }, { "date": "2025-08-08", "close": 27.799999, "volume": 3676, "typical_volume": 5546.85, "trend": 26.866047, "fair_value": 23.800986, "relative_strength": -9.539684, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.682538, "energy": 46.190114, "activity_lines": [ 27.759999, 27.493792, 27.004741, 26.856387 ] }, { "date": "2025-08-15", "close": 27.799999, "volume": 6284, "typical_volume": 5755.6, "trend": 26.872857, "fair_value": 23.828173, "relative_strength": -9.932304, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.080294, "energy": 51.450384, "activity_lines": [ 27.799999, 27.587324, 27.114455, 26.916642 ] }, { "date": "2025-08-22", "close": 27.799999, "volume": 3291, "typical_volume": 5497.3, "trend": 26.860095, "fair_value": 23.857757, "relative_strength": -9.609655, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.722221, "energy": 43.696699, "activity_lines": [ 27.813332, 27.670025, 27.221333, 26.976457 ] }, { "date": "2025-08-29", "close": 29.200001, "volume": 17414, "typical_volume": 5799.75, "trend": 26.900524, "fair_value": 23.897514, "relative_strength": -3.013089, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.500501, "energy": 57.65675, "activity_lines": [ 28.266666, 27.978649, 27.450319, 27.127419 ] }, { "date": "2025-09-05", "close": 29.6, "volume": 5675, "typical_volume": 5799.35, "trend": 26.967333, "fair_value": 23.942233, "relative_strength": -0.124208, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.907378, "energy": 62.508887, "activity_lines": [ 28.773333, 28.323714, 27.69951, 27.301579 ] }, { "date": "2025-09-12", "close": 30.200001, "volume": 1159, "typical_volume": 5771.2, "trend": 27.060666, "fair_value": 23.995591, "relative_strength": 1.68106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.951197, "energy": 77.768599, "activity_lines": [ 29.36, 28.723636, 27.990707, 27.510138 ] }, { "date": "2025-09-19", "close": 29.799999, "volume": 9318, "typical_volume": 6001.55, "trend": 27.153714, "fair_value": 24.05118, "relative_strength": 0.81687, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.142008, "energy": 78.163856, "activity_lines": [ 29.653333, 28.996363, 28.224884, 27.686869 ] }, { "date": "2025-09-26", "close": 29.799999, "volume": 3550, "typical_volume": 5955.85, "trend": 27.22719, "fair_value": 24.11396, "relative_strength": 0.580015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.008124, "energy": 75.853431, "activity_lines": [ 29.813333, 29.225454, 28.438313, 27.857597 ] }, { "date": "2025-10-03", "close": 30.200001, "volume": 3314, "typical_volume": 5823.0, "trend": 27.346619, "fair_value": 24.17451, "relative_strength": -0.476589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.540764, "energy": 74.655943, "activity_lines": [ 29.973333, 29.483636, 28.668156, 28.049391 ] }, { "date": "2025-10-10", "close": 30.0, "volume": 3109, "typical_volume": 5631.95, "trend": 27.472428, "fair_value": 24.24097, "relative_strength": -0.33455, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.007534, "energy": 49.401732, "activity_lines": [ 30.0, 29.665455, 28.856299, 28.220577 ] }, { "date": "2025-10-17", "close": 29.799999, "volume": 1519, "typical_volume": 5671.65, "trend": 27.572, "fair_value": 24.30375, "relative_strength": 0.914798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.480977, "energy": 43.242752, "activity_lines": [ 29.933333, 29.770909, 29.007422, 28.370743 ] }, { "date": "2025-10-24", "close": 29.200001, "volume": 2049, "typical_volume": 5681.1, "trend": 27.638523, "fair_value": 24.355492, "relative_strength": -2.477646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.405298, "energy": 31.486452, "activity_lines": [ 29.693333, 29.730909, 29.088109, 28.475776 ] }, { "date": "2025-10-31", "close": 29.6, "volume": 2253, "typical_volume": 5699.85, "trend": 27.777095, "fair_value": 24.4086, "relative_strength": 0.328981, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.811927, "energy": 25.030551, "activity_lines": [ 29.626667, 29.738182, 29.197388, 28.602322 ] }, { "date": "2025-11-07", "close": 30.799999, "volume": 2523, "typical_volume": 5665.95, "trend": 27.955666, "fair_value": 24.464607, "relative_strength": 6.314289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.400815, "energy": 33.97519, "activity_lines": [ 29.973333, 29.930909, 29.404884, 28.797348 ] }, { "date": "2025-11-14", "close": 29.799999, "volume": 449, "typical_volume": 5460.5, "trend": 28.068285, "fair_value": 24.514203, "relative_strength": 1.841872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.059369, "energy": 27.329994, "activity_lines": [ 29.946666, 29.912727, 29.50002, 28.916338 ] }, { "date": "2025-11-21", "close": 27.799999, "volume": 13280, "typical_volume": 5624.6, "trend": 28.120762, "fair_value": 24.553375, "relative_strength": -1.339118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.871431, "energy": 9.077267, "activity_lines": [ 29.266666, 29.527272, 29.389523, 28.899029 ] }, { "date": "2025-11-28", "close": 28.0, "volume": 5045, "typical_volume": 5518.85, "trend": 28.206, "fair_value": 24.597426, "relative_strength": -3.290877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.38262, "energy": 7.86504, "activity_lines": [ 28.786666, 29.221818, 29.295238, 28.891238 ] }, { "date": "2025-12-05", "close": 28.200001, "volume": 7864, "typical_volume": 5126.95, "trend": 28.304428, "fair_value": 24.634368, "relative_strength": -3.055064, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.229522, "energy": 15.646042, "activity_lines": [ 28.453333, 28.985454, 29.217143, 28.890851 ] }, { "date": "2025-12-12", "close": 28.0, "volume": 3937, "typical_volume": 5206.45, "trend": 28.389666, "fair_value": 24.67722, "relative_strength": -4.076191, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.005295, "energy": 24.719076, "activity_lines": [ 28.146667, 28.741818, 29.11619, 28.87121 ] }, { "date": "2025-12-19", "close": 28.0, "volume": 5762, "typical_volume": 5073.55, "trend": 28.448809, "fair_value": 24.717674, "relative_strength": -4.149864, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.117407, "energy": 29.529488, "activity_lines": [ 28.026667, 28.538182, 29.015238, 28.84607 ] }, { "date": "2025-12-26", "close": 28.0, "volume": 1556, "typical_volume": 4967.55, "trend": 28.481857, "fair_value": 24.759328, "relative_strength": -3.999483, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.737893, "energy": 27.931615, "activity_lines": [ 28.026667, 28.370909, 28.913333, 28.817115 ] }, { "date": "2026-01-02", "close": 27.799999, "volume": 6004, "typical_volume": 4953.55, "trend": 28.501714, "fair_value": 24.7985, "relative_strength": -5.073168, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.669955, "energy": 21.434627, "activity_lines": [ 27.946666, 28.2, 28.791428, 28.773124 ] }, { "date": "2026-01-09", "close": 28.200001, "volume": 2546, "typical_volume": 4916.3, "trend": 28.567524, "fair_value": 24.833046, "relative_strength": -6.142855, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.440164, "energy": 19.015992, "activity_lines": [ 28.013333, 28.127273, 28.707619, 28.753659 ] }, { "date": "2026-01-16", "close": 28.0, "volume": 4918, "typical_volume": 4291.5, "trend": 28.594047, "fair_value": 24.868706, "relative_strength": -6.61718, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.899602, "energy": 17.597908, "activity_lines": [ 28.013333, 28.043636, 28.602857, 28.717044 ] }, { "date": "2026-01-23", "close": 27.799999, "volume": 3418, "typical_volume": 4178.65, "trend": 28.633476, "fair_value": 24.903084, "relative_strength": -5.500241, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.405254, "energy": 19.124239, "activity_lines": [ 27.946666, 27.974545, 28.484762, 28.665815 ] }, { "date": "2026-01-30", "close": 27.799999, "volume": 6433, "typical_volume": 4442.35, "trend": 28.653333, "fair_value": 24.938661, "relative_strength": -3.864106, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.878577, "energy": 27.306414, "activity_lines": [ 27.893333, 27.941818, 28.375238, 28.612043 ] }, { "date": "2026-02-06", "close": 27.799999, "volume": 1376, "typical_volume": 4045.25, "trend": 28.666666, "fair_value": 24.974238, "relative_strength": -4.352616, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.751335, "energy": 30.355287, "activity_lines": [ 27.853333, 27.90909, 28.277143, 28.556989 ] }, { "date": "2026-02-13", "close": 28.0, "volume": 4211, "typical_volume": 4078.3, "trend": 28.686666, "fair_value": 25.013494, "relative_strength": -4.266394, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.404052, "energy": 27.09022, "activity_lines": [ 27.879999, 27.916363, 28.207619, 28.513978 ] }, { "date": "2026-02-20", "close": 27.0, "volume": 14292, "typical_volume": 4627.2, "trend": 28.653333, "fair_value": 25.043943, "relative_strength": -8.735452, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.137751, "energy": 39.878837, "activity_lines": [ 27.586666, 27.745454, 28.051428, 28.405161 ] }, { "date": "2026-02-27", "close": 27.6, "volume": 34654, "typical_volume": 6204.45, "trend": 28.646666, "fair_value": 25.077039, "relative_strength": -6.59172, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.539353, "energy": 35.609333, "activity_lines": [ 27.56, 27.701818, 27.967619, 28.337204 ] }, { "date": "2026-03-06", "close": 26.4, "volume": 3730, "typical_volume": 6315.0, "trend": 28.6, "fair_value": 25.106039, "relative_strength": -4.180603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.599966, "energy": 56.534374, "activity_lines": [ 27.146667, 27.447272, 27.780952, 28.192258 ] }, { "date": "2026-03-13", "close": 26.6, "volume": 2240, "typical_volume": 6324.55, "trend": 28.56, "fair_value": 25.139916, "relative_strength": -2.852535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.866828, "energy": 61.817022, "activity_lines": [ 26.893333, 27.258182, 27.629524, 28.063226 ] }, { "date": "2026-03-20", "close": 25.6, "volume": 5186, "typical_volume": 6471.2, "trend": 28.486667, "fair_value": 25.174575, "relative_strength": -2.002531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.978421, "energy": 73.284881, "activity_lines": [ 26.386667, 26.909091, 27.395238, 27.872258 ] }, { "date": "2026-03-27", "close": 25.0, "volume": 5085, "typical_volume": 6599.3, "trend": 28.346667, "fair_value": 25.200593, "relative_strength": -3.815645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.872394, "energy": 77.337167, "activity_lines": [ 25.84, 26.498182, 27.122857, 27.647312 ] }, { "date": "2026-04-03", "close": 24.200001, "volume": 17314, "typical_volume": 7442.55, "trend": 28.166667, "fair_value": 25.223281, "relative_strength": -10.100167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.552941, "energy": 81.793484, "activity_lines": [ 25.16, 25.996364, 26.801905, 27.379785 ] }, { "date": "2026-04-10", "close": 24.799999, "volume": 4450, "typical_volume": 7001.05, "trend": 27.986666, "fair_value": 25.251612, "relative_strength": -10.024088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.710923, "energy": 77.797466, "activity_lines": [ 24.906667, 25.669091, 26.564762, 27.16258 ] }, { "date": "2026-04-17", "close": 25.299999, "volume": 5257, "typical_volume": 7011.65, "trend": 27.836666, "fair_value": 25.284947, "relative_strength": -11.221016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.745613, "energy": 66.435884, "activity_lines": [ 24.926666, 25.487273, 26.389524, 26.989247 ] }, { "date": "2026-04-24", "close": 25.200001, "volume": 4517, "typical_volume": 6844.3, "trend": 27.683333, "fair_value": 25.320038, "relative_strength": -9.267303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.658499, "energy": 50.720274, "activity_lines": [ 25.0, 25.332727, 26.217619, 26.81914 ] }, { "date": "2026-05-01", "close": 24.700001, "volume": 2133, "typical_volume": 6754.1, "trend": 27.5, "fair_value": 25.34653, "relative_strength": -11.539715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.536803, "energy": 48.274705, "activity_lines": [ 24.933334, 25.138182, 26.012381, 26.626667 ] }, { "date": "2026-05-08", "close": 24.0, "volume": 40771, "typical_volume": 8504.55, "trend": 27.3, "fair_value": 25.37273, "relative_strength": -14.08311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.489083, "energy": 50.453757, "activity_lines": [ 24.653334, 24.858182, 25.75619, 26.40086 ] }, { "date": "2026-05-15", "close": 24.700001, "volume": 3604, "typical_volume": 8606.95, "trend": 27.13, "fair_value": 25.403417, "relative_strength": -10.085461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.122717, "energy": 44.656161, "activity_lines": [ 24.620001, 24.770909, 25.585714, 26.233118 ] }, { "date": "2026-05-22", "close": 24.5, "volume": 1617, "typical_volume": 8387.6, "trend": 26.973333, "fair_value": 25.430425, "relative_strength": -13.993796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.255263, "energy": 46.510373, "activity_lines": [ 24.526667, 24.678182, 25.411905, 26.063441 ] }, { "date": "2026-05-29", "close": 23.9, "volume": 3978, "typical_volume": 8459.2, "trend": 26.783333, "fair_value": 25.451189, "relative_strength": -16.579276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.322795, "energy": 51.184758, "activity_lines": [ 24.286667, 24.514546, 25.196667, 25.865161 ] }, { "date": "2026-06-05", "close": 23.799999, "volume": 207, "typical_volume": 8223.65, "trend": 26.55, "fair_value": 25.467118, "relative_strength": -15.543668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.854077, "energy": 57.652817, "activity_lines": [ 24.1, 24.363636, 24.992381, 25.672688 ] }, { "date": "2026-06-12", "close": 23.150909, "volume": 75, "typical_volume": 8056.5, "trend": 26.328364, "fair_value": 25.487875, "relative_strength": -17.188824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.308547, "energy": 70.739386, "activity_lines": [ 23.756969, 24.116529, 24.746277, 25.453392 ] }, { "date": "2026-06-19", "close": 23.150909, "volume": 12, "typical_volume": 7735.45, "trend": 26.173394, "fair_value": 25.509231, "relative_strength": -18.019252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.99465, "energy": 78.498232, "activity_lines": [ 23.470545, 23.888496, 24.522312, 25.248395 ] }, { "date": "2026-06-26", "close": 23.053638, "volume": 800, "typical_volume": 7706.65, "trend": 26.008515, "fair_value": 25.526968, "relative_strength": -17.078501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.525995, "energy": 87.831298, "activity_lines": [ 23.25497, 23.672761, 24.311221, 25.04712 ] }, { "date": "2026-07-03", "close": 22.859091, "volume": 1726, "typical_volume": 7582.4, "trend": 25.830485, "fair_value": 25.542858, "relative_strength": -20.965943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.968011, "energy": 89.219221, "activity_lines": [ 23.07097, 23.462496, 24.104204, 24.843932 ] }, { "date": "2026-07-10", "close": 22.372728, "volume": 12941, "typical_volume": 7514.85, "trend": 25.642909, "fair_value": 25.556229, "relative_strength": -20.125071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.067086, "energy": 91.981898, "activity_lines": [ 22.794243, 23.206364, 23.875347, 24.620851 ] }, { "date": "2026-07-17", "close": 23.200001, "volume": 9225, "typical_volume": 6243.4, "trend": 25.482909, "fair_value": 25.56951, "relative_strength": -16.104219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.325188, "energy": 78.296638, "activity_lines": [ 22.888425, 23.142959, 23.747312, 24.463244 ] }, { "date": "2026-07-24", "close": 22.4, "volume": 12129, "typical_volume": 6663.35, "trend": 25.296242, "fair_value": 25.578646, "relative_strength": -19.495554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.526108, "energy": 65.015245, "activity_lines": [ 22.712667, 22.948645, 23.564039, 24.264346 ] }, { "date": "2026-07-31", "close": 22.4, "volume": 7277, "typical_volume": 6915.2, "trend": 25.116242, "fair_value": 25.587167, "relative_strength": -20.731092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.086011, "energy": 61.555519, "activity_lines": [ 22.58697, 22.796149, 23.399814, 24.077492 ] }, { "date": "2026-08-07", "close": 22.9, "volume": 8219, "typical_volume": 7066.85, "trend": 24.939576, "fair_value": 25.599507, "relative_strength": -20.698972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.550438, "energy": 51.820516, "activity_lines": [ 22.671515, 22.772744, 23.303208, 23.934508 ] } ], "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." } } }