{ "ticker": { "uuid": "648c208d-7e21-4f96-a428-d2750a43938a", "symbol": "HNI", "name": "HNI Corp", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 93.185, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 65.154, "architecture_energy": 81.583, "architecture_maturity": 28.0, "architecture_confidence": 79.611, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 8.51, "rotation_up": 83.52, "upward_expansion": 69.83, "deceleration": 18.29, "rotation_down": 16.2, "downward_expansion": 25.83 }, "activity_lines": [ 45.120667, 42.443091, 38.717406, 38.365015 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 49.7, "trend_reference": 39.443482, "distance_from_trend": 0.260031, "trend_direction": "Weakening", "fair_value": 42.080623, "distance_from_fair_value": 0.181066, "fair_value_direction": "Improving", "relative_strength": 8.662755, "relative_strength_direction": "Improving", "price_momentum": -0.036352, "excess_performance": -0.161976, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.260031, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.007139, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.181066, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.371499, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.086628, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.401243, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.036352, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.397563, "read": "Demand-led" } ], "volume": { "latest": 3453589, "relative_activity": 1.007571, "balance": 2.397563, "dry_up": 0.942469, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.070915, "annualized_volatility": 0.522082, "from_high_reference": -0.040733, "from_low_reference": 0.737218 }, "levels": { "trend_reference": 39.443482, "fair_value_reference": 42.080623, "structural_low": 28.608963, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.023683, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.021138, "regime_survival": 0.375, "best_return": 0.101105, "worst_return": -0.08851, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.092216, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.112475, "regime_survival": 0.0, "best_return": 0.151336, "worst_return": -0.210618, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.037592, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.024637, "regime_survival": 0.4, "best_return": 0.32376, "worst_return": -0.16922, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.176373, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.139024, "regime_survival": 0.0, "best_return": 0.424155, "worst_return": -0.249141, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": -0.021497, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": -0.135512, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": 0.025812, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": -0.159352, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-01-02", "tenure": "Developing", "return": 0.095875, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.072105, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.046872, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.163227, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-03-13", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.011474, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": 0.153064, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": -0.110384, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-22", "end": "2026-07-10", "tenure": "Developing", "return": 0.315906, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.19099, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 29.046917, "volume": 826068, "typical_volume": 1278315.55, "trend": 25.572284, "fair_value": 30.112398, "relative_strength": 4.385013, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.743081, "energy": 75.23509, "activity_lines": [ 28.062019, 26.99326, 25.821404, 25.493647 ] }, { "date": "2023-08-25", "close": 28.258256, "volume": 966855, "typical_volume": 1280849.9, "trend": 25.607694, "fair_value": 30.12274, "relative_strength": 1.051716, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.302853, "energy": 80.76532, "activity_lines": [ 28.34219, 27.358157, 26.131899, 25.666935 ] }, { "date": "2023-09-01", "close": 30.536555, "volume": 914670, "typical_volume": 1278427.75, "trend": 25.668059, "fair_value": 30.152605, "relative_strength": 6.579878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.066132, "energy": 91.420375, "activity_lines": [ 29.230118, 28.066501, 26.638358, 25.984926 ] }, { "date": "2023-09-08", "close": 28.938071, "volume": 957023, "typical_volume": 1278010.1, "trend": 25.710714, "fair_value": 30.184966, "relative_strength": 2.47764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.9542, "energy": 79.759936, "activity_lines": [ 29.297415, 28.383571, 26.957763, 26.195895 ] }, { "date": "2023-09-15", "close": 29.847553, "volume": 2236969, "typical_volume": 1343941.3, "trend": 25.780128, "fair_value": 30.197459, "relative_strength": 5.906979, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.754198, "energy": 68.596548, "activity_lines": [ 29.477543, 28.805662, 27.338504, 26.462788 ] }, { "date": "2023-09-22", "close": 31.115316, "volume": 1301008, "typical_volume": 1363702.5, "trend": 25.881425, "fair_value": 30.232619, "relative_strength": 13.539915, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.262233, "energy": 75.364395, "activity_lines": [ 30.074158, 29.373117, 27.809003, 26.806993 ] }, { "date": "2023-09-29", "close": 31.813505, "volume": 1251872, "typical_volume": 1355220.35, "trend": 25.976047, "fair_value": 30.256392, "relative_strength": 16.601051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.950178, "energy": 70.68128, "activity_lines": [ 30.76561, 29.961309, 28.305728, 27.189708 ] }, { "date": "2023-10-06", "close": 32.419826, "volume": 1136884, "typical_volume": 1353636.2, "trend": 26.216362, "fair_value": 30.279398, "relative_strength": 17.9943, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.452528, "energy": 81.703986, "activity_lines": [ 31.422152, 30.553735, 28.827257, 27.605436 ] }, { "date": "2023-10-13", "close": 32.60356, "volume": 752534, "typical_volume": 1326755.75, "trend": 26.490954, "fair_value": 30.297871, "relative_strength": 17.886965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.341097, "energy": 84.024004, "activity_lines": [ 32.014387, 31.066833, 29.325322, 28.017513 ] }, { "date": "2023-10-20", "close": 31.152063, "volume": 1325738, "typical_volume": 1242636.2, "trend": 26.721953, "fair_value": 30.305082, "relative_strength": 15.156942, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.730575, "energy": 60.515931, "activity_lines": [ 31.878424, 31.19747, 29.643226, 28.31823 ] }, { "date": "2023-10-27", "close": 30.187461, "volume": 971681, "typical_volume": 1222826.2, "trend": 26.894445, "fair_value": 30.326469, "relative_strength": 14.200584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.357521, "energy": 50.450564, "activity_lines": [ 31.33396, 31.127343, 29.835023, 28.541811 ] }, { "date": "2023-11-03", "close": 35.414687, "volume": 1586214, "typical_volume": 1204977.55, "trend": 27.28011, "fair_value": 30.377504, "relative_strength": 26.068272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.044245, "energy": 60.202489, "activity_lines": [ 32.593761, 31.986883, 30.496491, 29.091504 ] }, { "date": "2023-11-10", "close": 34.881859, "volume": 1228681, "typical_volume": 1114555.85, "trend": 27.668679, "fair_value": 30.406112, "relative_strength": 22.067204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.723944, "energy": 64.142543, "activity_lines": [ 33.435874, 32.619428, 31.054596, 29.581939 ] }, { "date": "2023-11-17", "close": 36.314982, "volume": 1226889, "typical_volume": 1115751.45, "trend": 28.091542, "fair_value": 30.436656, "relative_strength": 23.701895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.114754, "energy": 80.42687, "activity_lines": [ 34.591559, 33.433536, 31.702138, 30.139765 ] }, { "date": "2023-11-24", "close": 36.398337, "volume": 535217, "typical_volume": 1104605.9, "trend": 28.526766, "fair_value": 30.467042, "relative_strength": 22.265558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.490742, "energy": 89.748235, "activity_lines": [ 35.527602, 34.128673, 32.306688, 30.675688 ] }, { "date": "2023-12-01", "close": 36.759542, "volume": 1421727, "typical_volume": 1133296.45, "trend": 28.996792, "fair_value": 30.498516, "relative_strength": 21.90425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.334635, "energy": 89.162979, "activity_lines": [ 36.234294, 34.770379, 32.892145, 31.206834 ] }, { "date": "2023-12-08", "close": 37.36155, "volume": 1523475, "typical_volume": 1160964.25, "trend": 29.412313, "fair_value": 30.540194, "relative_strength": 22.947108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.540159, "energy": 88.96454, "activity_lines": [ 36.703517, 35.418918, 33.480244, 31.746496 ] }, { "date": "2023-12-15", "close": 37.97282, "volume": 3545130, "typical_volume": 1299024.0, "trend": 29.884148, "fair_value": 30.596508, "relative_strength": 21.451838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.004912, "energy": 85.524195, "activity_lines": [ 37.246705, 36.077725, 34.072376, 32.298787 ] }, { "date": "2023-12-22", "close": 39.223145, "volume": 1383170, "typical_volume": 1324156.35, "trend": 30.398259, "fair_value": 30.656891, "relative_strength": 23.720755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.340579, "energy": 83.122841, "activity_lines": [ 38.000605, 36.862899, 34.727618, 32.901303 ] }, { "date": "2023-12-29", "close": 38.741538, "volume": 723884, "typical_volume": 1290784.45, "trend": 30.890926, "fair_value": 30.721492, "relative_strength": 21.273728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.386956, "energy": 72.134498, "activity_lines": [ 38.400091, 37.440152, 35.274421, 33.439579 ] }, { "date": "2024-01-05", "close": 37.52826, "volume": 972332, "typical_volume": 1298097.65, "trend": 31.332737, "fair_value": 30.777889, "relative_strength": 18.95571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.903324, "energy": 65.335546, "activity_lines": [ 38.238938, 37.658819, 35.662886, 33.867794 ] }, { "date": "2024-01-12", "close": 37.889465, "volume": 948388, "typical_volume": 1297174.3, "trend": 31.783557, "fair_value": 30.841667, "relative_strength": 17.558511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.641946, "energy": 62.246743, "activity_lines": [ 38.146939, 37.809691, 36.045364, 34.290809 ] }, { "date": "2024-01-19", "close": 37.611615, "volume": 781390, "typical_volume": 1290510.3, "trend": 32.203902, "fair_value": 30.898865, "relative_strength": 14.958687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.435065, "energy": 56.033356, "activity_lines": [ 37.927129, 37.865048, 36.355518, 34.666813 ] }, { "date": "2024-01-26", "close": 38.30624, "volume": 1062156, "typical_volume": 1295766.95, "trend": 32.626794, "fair_value": 30.972406, "relative_strength": 15.540627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.103995, "energy": 48.725919, "activity_lines": [ 37.962941, 37.997069, 36.698135, 35.060512 ] }, { "date": "2024-02-02", "close": 37.945035, "volume": 1756058, "typical_volume": 1271721.4, "trend": 33.052799, "fair_value": 31.033341, "relative_strength": 12.652432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.754002, "energy": 49.128827, "activity_lines": [ 37.939478, 38.027211, 36.961742, 35.403624 ] }, { "date": "2024-02-09", "close": 39.389855, "volume": 861179, "typical_volume": 1249729.95, "trend": 33.523327, "fair_value": 31.088021, "relative_strength": 15.026417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.95205, "energy": 58.240483, "activity_lines": [ 38.450722, 38.291926, 37.324391, 35.812466 ] }, { "date": "2024-02-16", "close": 40.316021, "volume": 1524392, "typical_volume": 1263355.95, "trend": 34.00109, "fair_value": 31.163622, "relative_strength": 17.748467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.512253, "energy": 64.735699, "activity_lines": [ 39.146582, 38.677212, 37.735843, 36.250705 ] }, { "date": "2024-02-23", "close": 40.204881, "volume": 1520373, "typical_volume": 1282530.4, "trend": 34.46727, "fair_value": 31.229952, "relative_strength": 15.261056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.720763, "energy": 68.812461, "activity_lines": [ 39.643624, 38.988572, 38.096223, 36.650949 ] }, { "date": "2024-03-01", "close": 40.951316, "volume": 1746921, "typical_volume": 1332249.75, "trend": 34.962876, "fair_value": 31.285901, "relative_strength": 16.026802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.284068, "energy": 65.047039, "activity_lines": [ 40.216594, 39.395065, 38.49062, 37.069275 ] }, { "date": "2024-03-08", "close": 40.298185, "volume": 1272908, "typical_volume": 1329608.25, "trend": 35.314281, "fair_value": 31.313787, "relative_strength": 14.032563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.809106, "energy": 58.545683, "activity_lines": [ 40.395515, 39.651385, 38.783063, 37.413488 ] }, { "date": "2024-03-15", "close": 40.792699, "volume": 2488030, "typical_volume": 1405425.7, "trend": 35.705807, "fair_value": 31.35549, "relative_strength": 14.967939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.503284, "energy": 57.860212, "activity_lines": [ 40.582398, 39.969315, 39.07905, 37.766935 ] }, { "date": "2024-03-22", "close": 41.483152, "volume": 1301036, "typical_volume": 1391166.8, "trend": 36.146636, "fair_value": 31.407858, "relative_strength": 13.811069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.687235, "energy": 59.314306, "activity_lines": [ 40.905908, 40.353428, 39.390293, 38.139667 ] }, { "date": "2024-03-29", "close": 42.108291, "volume": 730947, "typical_volume": 1366280.1, "trend": 36.532361, "fair_value": 31.464824, "relative_strength": 14.532235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.978301, "energy": 60.172974, "activity_lines": [ 41.35999, 40.785862, 39.732175, 38.52429 ] }, { "date": "2024-04-05", "close": 40.876673, "volume": 940687, "typical_volume": 1351970.0, "trend": 36.930314, "fair_value": 31.510347, "relative_strength": 11.575244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.937656, "energy": 52.274397, "activity_lines": [ 41.276638, 40.912609, 39.922349, 38.804568 ] }, { "date": "2024-04-12", "close": 39.309158, "volume": 724347, "typical_volume": 1361426.5, "trend": 37.245701, "fair_value": 31.545014, "relative_strength": 8.304525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.802182, "energy": 36.93685, "activity_lines": [ 40.675757, 40.707617, 39.941514, 38.958042 ] }, { "date": "2024-04-19", "close": 39.318489, "volume": 954387, "typical_volume": 1338059.5, "trend": 37.51914, "fair_value": 31.572965, "relative_strength": 11.123819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.038609, "energy": 24.574401, "activity_lines": [ 40.143922, 40.47952, 39.947706, 39.09177 ] }, { "date": "2024-04-26", "close": 39.654385, "volume": 858193, "typical_volume": 1304795.4, "trend": 37.780503, "fair_value": 31.599467, "relative_strength": 8.568527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.074508, "energy": 21.008011, "activity_lines": [ 39.822333, 40.313793, 39.973703, 39.229527 ] }, { "date": "2024-05-03", "close": 41.23123, "volume": 1591216, "typical_volume": 1207099.7, "trend": 38.074216, "fair_value": 31.624944, "relative_strength": 11.4731, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.614016, "energy": 22.478038, "activity_lines": [ 40.148276, 40.446794, 40.138957, 39.452155 ] }, { "date": "2024-05-10", "close": 42.808075, "volume": 1012995, "typical_volume": 1188590.95, "trend": 38.414367, "fair_value": 31.658271, "relative_strength": 12.988743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.974473, "energy": 37.596063, "activity_lines": [ 41.058306, 40.847833, 40.43887, 39.757565 ] }, { "date": "2024-05-17", "close": 42.901379, "volume": 1238078, "typical_volume": 1214300.65, "trend": 38.806011, "fair_value": 31.691551, "relative_strength": 10.71145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.075101, "energy": 58.528642, "activity_lines": [ 41.870676, 41.232078, 40.730599, 40.04705 ] }, { "date": "2024-05-24", "close": 42.505293, "volume": 917195, "typical_volume": 1211543.8, "trend": 39.216605, "fair_value": 31.716986, "relative_strength": 9.03832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.327141, "energy": 67.661904, "activity_lines": [ 42.311537, 41.496976, 40.964796, 40.285713 ] }, { "date": "2024-05-31", "close": 44.225432, "volume": 823013, "typical_volume": 1205275.05, "trend": 39.510297, "fair_value": 31.754205, "relative_strength": 13.097263, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.108961, "energy": 79.558554, "activity_lines": [ 43.113323, 42.043489, 41.339116, 40.608863 ] }, { "date": "2024-06-07", "close": 41.546527, "volume": 1128918, "typical_volume": 1222651.45, "trend": 39.732452, "fair_value": 31.772898, "relative_strength": 4.370135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.424376, "energy": 59.157131, "activity_lines": [ 42.717405, 42.053068, 41.428131, 40.740233 ] }, { "date": "2024-06-14", "close": 40.747555, "volume": 1050332, "typical_volume": 1222060.25, "trend": 39.880205, "fair_value": 31.802227, "relative_strength": 0.217063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.64089, "energy": 31.8373, "activity_lines": [ 42.034143, 41.927594, 41.422316, 40.805724 ] }, { "date": "2024-06-21", "close": 41.602925, "volume": 932748, "typical_volume": 1180894.75, "trend": 40.053691, "fair_value": 31.826371, "relative_strength": 1.204215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.567695, "energy": 22.146328, "activity_lines": [ 41.773372, 41.959989, 41.486339, 40.916867 ] }, { "date": "2024-06-28", "close": 42.317299, "volume": 1859174, "typical_volume": 1230794.5, "trend": 40.23895, "fair_value": 31.86598, "relative_strength": 2.496897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.033946, "energy": 19.49421, "activity_lines": [ 41.83729, 42.080565, 41.60098, 41.062906 ] }, { "date": "2024-07-05", "close": 41.762719, "volume": 645895, "typical_volume": 1186869.65, "trend": 40.385655, "fair_value": 31.901816, "relative_strength": -1.175297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.993625, "energy": 16.554524, "activity_lines": [ 41.72888, 42.045785, 41.648862, 41.161214 ] }, { "date": "2024-07-12", "close": 44.686015, "volume": 871414, "typical_volume": 1154421.7, "trend": 40.609428, "fair_value": 31.968305, "relative_strength": 4.133975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.690874, "energy": 38.047028, "activity_lines": [ 42.759084, 42.50418, 41.968265, 41.438656 ] }, { "date": "2024-07-19", "close": 45.456788, "volume": 1364824, "typical_volume": 1135316.85, "trend": 40.817217, "fair_value": 32.044933, "relative_strength": 7.391529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.669116, "energy": 62.978514, "activity_lines": [ 43.836912, 43.039901, 42.339737, 41.751389 ] }, { "date": "2024-07-26", "close": 51.228183, "volume": 2122738, "typical_volume": 1177808.35, "trend": 41.233438, "fair_value": 32.171337, "relative_strength": 20.954727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.057009, "energy": 86.995717, "activity_lines": [ 46.52459, 44.576808, 43.23941, 42.423064 ] }, { "date": "2024-08-02", "close": 49.489245, "volume": 1502757, "typical_volume": 1128544.7, "trend": 41.632137, "fair_value": 32.2795, "relative_strength": 18.393841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.922405, "energy": 88.177482, "activity_lines": [ 47.990938, 45.646148, 43.921423, 42.955697 ] }, { "date": "2024-08-09", "close": 47.139328, "volume": 1077367, "typical_volume": 1117361.25, "trend": 41.940466, "fair_value": 32.368592, "relative_strength": 12.182799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.985584, "energy": 80.622471, "activity_lines": [ 48.195851, 46.16125, 44.338221, 43.311 ] }, { "date": "2024-08-16", "close": 48.126293, "volume": 1119834, "typical_volume": 1136805.6, "trend": 42.290956, "fair_value": 32.469133, "relative_strength": 9.609337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.643926, "energy": 77.349561, "activity_lines": [ 48.371311, 46.80282, 44.822083, 43.710085 ] }, { "date": "2024-08-23", "close": 50.137822, "volume": 876723, "typical_volume": 1133607.4, "trend": 42.685342, "fair_value": 32.580002, "relative_strength": 11.94815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.578827, "energy": 59.416233, "activity_lines": [ 48.987929, 47.69049, 45.468861, 44.216335 ] }, { "date": "2024-08-30", "close": 50.932309, "volume": 1023140, "typical_volume": 1148547.05, "trend": 43.118251, "fair_value": 32.704153, "relative_strength": 12.817787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.457356, "energy": 59.432027, "activity_lines": [ 49.557308, 48.551881, 46.147204, 44.748397 ] }, { "date": "2024-09-06", "close": 48.189436, "volume": 783098, "typical_volume": 1139982.6, "trend": 43.41157, "fair_value": 32.81771, "relative_strength": 10.728949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.832511, "energy": 51.585298, "activity_lines": [ 49.23212, 48.744942, 46.508973, 45.07557 ] }, { "date": "2024-09-13", "close": 49.00284, "volume": 1507906, "typical_volume": 1172468.25, "trend": 43.701131, "fair_value": 32.927801, "relative_strength": 7.767181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.525781, "energy": 48.331292, "activity_lines": [ 49.264721, 48.979129, 46.905966, 45.436298 ] }, { "date": "2024-09-20", "close": 49.466291, "volume": 1907858, "typical_volume": 1188300.35, "trend": 44.009844, "fair_value": 33.043537, "relative_strength": 6.913239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.883652, "energy": 43.905179, "activity_lines": [ 49.327571, 49.16594, 47.302581, 45.808243 ] }, { "date": "2024-09-27", "close": 49.712204, "volume": 837895, "typical_volume": 1179545.35, "trend": 44.301874, "fair_value": 33.154681, "relative_strength": 6.548422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.495956, "energy": 39.541814, "activity_lines": [ 49.383059, 49.31055, 47.683401, 46.176138 ] }, { "date": "2024-10-04", "close": 50.383735, "volume": 965671, "typical_volume": 1165925.0, "trend": 44.638059, "fair_value": 33.27133, "relative_strength": 7.413852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.600751, "energy": 41.662205, "activity_lines": [ 49.690765, 49.499884, 48.095301, 46.568516 ] }, { "date": "2024-10-11", "close": 50.175655, "volume": 1040431, "typical_volume": 1172086.8, "trend": 44.950824, "fair_value": 33.382878, "relative_strength": 5.504538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.272409, "energy": 41.795707, "activity_lines": [ 49.965683, 49.666739, 48.451752, 46.92578 ] }, { "date": "2024-10-18", "close": 51.679505, "volume": 1041957, "typical_volume": 1183034.0, "trend": 45.290703, "fair_value": 33.496041, "relative_strength": 7.39717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.959066, "energy": 47.71383, "activity_lines": [ 50.60947, 50.094542, 48.914902, 47.359888 ] }, { "date": "2024-10-25", "close": 48.860967, "volume": 948147, "typical_volume": 1173995.45, "trend": 45.515792, "fair_value": 33.605058, "relative_strength": 2.277022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.949191, "energy": 40.582721, "activity_lines": [ 50.1353, 49.927334, 49.074124, 47.590228 ] }, { "date": "2024-11-01", "close": 47.02608, "volume": 2206518, "typical_volume": 1231804.75, "trend": 45.720772, "fair_value": 33.683804, "relative_strength": -0.179549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.665529, "energy": 21.286443, "activity_lines": [ 49.089855, 49.413153, 49.023765, 47.687666 ] }, { "date": "2024-11-08", "close": 51.868669, "volume": 1948234, "typical_volume": 1282579.05, "trend": 46.139422, "fair_value": 33.792447, "relative_strength": 4.944306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.527303, "energy": 34.415129, "activity_lines": [ 49.837682, 49.83602, 49.404706, 48.084304 ] }, { "date": "2024-11-15", "close": 51.906502, "volume": 1858621, "typical_volume": 1282551.4, "trend": 46.559023, "fair_value": 33.897564, "relative_strength": 7.077684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.631755, "energy": 33.33559, "activity_lines": [ 50.499124, 50.248741, 49.740367, 48.456374 ] }, { "date": "2024-11-22", "close": 53.446706, "volume": 1444718, "typical_volume": 1322492.55, "trend": 47.018767, "fair_value": 34.015965, "relative_strength": 8.228612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.142751, "energy": 45.160133, "activity_lines": [ 51.558578, 50.873915, 50.17705, 48.900741 ] }, { "date": "2024-11-29", "close": 53.903434, "volume": 1047382, "typical_volume": 1331290.95, "trend": 47.441174, "fair_value": 34.136634, "relative_strength": 7.670809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.746331, "energy": 69.363497, "activity_lines": [ 52.652461, 51.501334, 50.601594, 49.344913 ] }, { "date": "2024-12-06", "close": 53.342039, "volume": 1237367, "typical_volume": 1324918.1, "trend": 47.792306, "fair_value": 34.244903, "relative_strength": 5.493678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.322094, "energy": 69.200886, "activity_lines": [ 53.223048, 51.946005, 50.928778, 49.725614 ] }, { "date": "2024-12-13", "close": 51.163065, "volume": 1437824, "typical_volume": 1290672.4, "trend": 48.067695, "fair_value": 34.349986, "relative_strength": 1.716607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.892038, "energy": 55.334956, "activity_lines": [ 52.646246, 51.928503, 51.010893, 49.943082 ] }, { "date": "2024-12-20", "close": 49.126819, "volume": 4571784, "typical_volume": 1444123.75, "trend": 48.288413, "fair_value": 34.438605, "relative_strength": -0.487107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.661445, "energy": 22.169397, "activity_lines": [ 51.437736, 51.526604, 50.899389, 50.011413 ] }, { "date": "2024-12-27", "close": 48.394151, "volume": 925632, "typical_volume": 1436537.0, "trend": 48.42737, "fair_value": 34.517522, "relative_strength": -2.579812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.02377, "energy": 13.717002, "activity_lines": [ 50.170316, 51.010563, 50.719834, 50.018235 ] }, { "date": "2025-01-03", "close": 46.624329, "volume": 1060099, "typical_volume": 1433550.25, "trend": 48.59663, "fair_value": 34.58812, "relative_strength": -5.603756, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -10.379192, "energy": 24.129871, "activity_lines": [ 48.649792, 50.232469, 50.365748, 49.901909 ] }, { "date": "2025-01-10", "close": 43.988627, "volume": 1699935, "typical_volume": 1474710.85, "trend": 48.704666, "fair_value": 34.639456, "relative_strength": -9.082778, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -41.596582, "energy": 44.353048, "activity_lines": [ 46.735974, 49.015823, 49.767796, 49.604619 ] }, { "date": "2025-01-17", "close": 48.384635, "volume": 1577920, "typical_volume": 1502449.85, "trend": 48.930723, "fair_value": 34.727608, "relative_strength": -2.901842, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.637678, "energy": 45.374223, "activity_lines": [ 46.911053, 48.653678, 49.617793, 49.583972 ] }, { "date": "2025-01-24", "close": 48.194332, "volume": 798324, "typical_volume": 1503211.15, "trend": 49.126624, "fair_value": 34.80805, "relative_strength": -4.929403, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.841829, "energy": 48.07829, "activity_lines": [ 47.207926, 48.320278, 49.461797, 49.536462 ] }, { "date": "2025-01-31", "close": 47.433119, "volume": 1032869, "typical_volume": 1479459.3, "trend": 49.315637, "fair_value": 34.888067, "relative_strength": -5.498257, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.352749, "energy": 35.662925, "activity_lines": [ 47.313227, 47.91597, 49.233282, 49.427204 ] }, { "date": "2025-02-07", "close": 45.825055, "volume": 1486097, "typical_volume": 1458371.25, "trend": 49.353605, "fair_value": 34.951176, "relative_strength": -8.47237, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.512173, "energy": 38.386742, "activity_lines": [ 46.946576, 47.328625, 48.859093, 49.202005 ] }, { "date": "2025-02-14", "close": 47.575846, "volume": 1239203, "typical_volume": 1478436.65, "trend": 49.424241, "fair_value": 35.012361, "relative_strength": -6.286933, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.085088, "energy": 29.322749, "activity_lines": [ 47.216807, 47.206485, 48.668984, 49.087311 ] }, { "date": "2025-02-21", "close": 44.321658, "volume": 1710032, "typical_volume": 1515654.7, "trend": 49.194023, "fair_value": 35.067538, "relative_strength": -11.147257, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.871458, "energy": 54.445752, "activity_lines": [ 46.163161, 46.597514, 48.179127, 48.758112 ] }, { "date": "2025-02-28", "close": 44.648649, "volume": 2187561, "typical_volume": 1573011.2, "trend": 49.03267, "fair_value": 35.138721, "relative_strength": -9.504087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.03051, "energy": 61.445828, "activity_lines": [ 45.489376, 46.172385, 47.749278, 48.464862 ] }, { "date": "2025-03-07", "close": 43.134486, "volume": 2524829, "typical_volume": 1647154.8, "trend": 48.899175, "fair_value": 35.216158, "relative_strength": -9.699417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.866686, "energy": 67.550417, "activity_lines": [ 44.54725, 45.553375, 47.201543, 48.084334 ] }, { "date": "2025-03-14", "close": 41.754489, "volume": 1636300, "typical_volume": 1681562.45, "trend": 48.686782, "fair_value": 35.267237, "relative_strength": -10.415241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.061271, "energy": 80.722205, "activity_lines": [ 43.4317, 44.779087, 46.563069, 47.623387 ] }, { "date": "2025-03-21", "close": 41.55324, "volume": 3962208, "typical_volume": 1769346.95, "trend": 48.400629, "fair_value": 35.331269, "relative_strength": -11.156269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.266505, "energy": 83.534553, "activity_lines": [ 42.520438, 44.056751, 45.93927, 47.163158 ] }, { "date": "2025-03-28", "close": 42.808653, "volume": 1591452, "typical_volume": 1751507.85, "trend": 48.129841, "fair_value": 35.400522, "relative_strength": -7.00497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.384778, "energy": 75.92154, "activity_lines": [ 42.429154, 43.606951, 45.461095, 46.802386 ] }, { "date": "2025-04-04", "close": 40.460742, "volume": 1480108, "typical_volume": 1732582.2, "trend": 47.872217, "fair_value": 35.466029, "relative_strength": -3.34684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.564854, "energy": 76.45528, "activity_lines": [ 41.6561, 42.83164, 44.802452, 46.307605 ] }, { "date": "2025-04-11", "close": 40.336159, "volume": 2079299, "typical_volume": 1764311.25, "trend": 47.583328, "fair_value": 35.52636, "relative_strength": -8.766048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.491023, "energy": 64.603982, "activity_lines": [ 41.120713, 42.174288, 44.186448, 45.821408 ] }, { "date": "2025-04-18", "close": 39.483244, "volume": 918243, "typical_volume": 1757854.3, "trend": 47.25056, "fair_value": 35.576236, "relative_strength": -9.303819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.382172, "energy": 62.098878, "activity_lines": [ 40.487575, 41.490897, 43.551644, 45.298822 ] }, { "date": "2025-04-25", "close": 40.431992, "volume": 1024444, "typical_volume": 1747208.15, "trend": 46.941219, "fair_value": 35.637901, "relative_strength": -11.095882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.391416, "energy": 56.323965, "activity_lines": [ 40.322103, 41.09531, 43.075866, 44.858914 ] }, { "date": "2025-05-02", "close": 41.926989, "volume": 1095834, "typical_volume": 1730108.65, "trend": 46.659328, "fair_value": 35.707875, "relative_strength": -10.270105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.602208, "energy": 48.868531, "activity_lines": [ 40.729714, 41.10143, 42.803944, 44.535415 ] }, { "date": "2025-05-09", "close": 45.57823, "volume": 2762960, "typical_volume": 1639667.45, "trend": 46.50608, "fair_value": 35.799315, "relative_strength": -1.981154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.247231, "energy": 23.382634, "activity_lines": [ 42.413182, 41.814951, 42.923741, 44.465667 ] }, { "date": "2025-05-16", "close": 45.92323, "volume": 1553564, "typical_volume": 1671064.05, "trend": 46.314205, "fair_value": 35.890418, "relative_strength": -6.097578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.877668, "energy": 18.516048, "activity_lines": [ 43.870484, 42.574298, 43.093294, 44.428064 ] }, { "date": "2025-05-23", "close": 43.958651, "volume": 1273154, "typical_volume": 1681716.8, "trend": 46.150794, "fair_value": 35.956426, "relative_strength": -7.656115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.951501, "energy": 24.145807, "activity_lines": [ 44.300456, 42.925744, 43.08751, 44.276093 ] }, { "date": "2025-05-30", "close": 44.924138, "volume": 934108, "typical_volume": 1643425.45, "trend": 46.080729, "fair_value": 36.03248, "relative_strength": -7.084743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.727191, "energy": 21.047939, "activity_lines": [ 44.753896, 43.412658, 43.18637, 44.196954 ] }, { "date": "2025-06-06", "close": 45.078616, "volume": 1126101, "typical_volume": 1620834.5, "trend": 45.854394, "fair_value": 36.112654, "relative_strength": -8.206094, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.30212, "energy": 17.898757, "activity_lines": [ 44.959352, 43.866369, 43.295488, 44.132301 ] }, { "date": "2025-06-13", "close": 44.76966, "volume": 1245527, "typical_volume": 1643194.65, "trend": 45.616499, "fair_value": 36.21186, "relative_strength": -8.486237, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.158797, "energy": 13.181987, "activity_lines": [ 44.851714, 44.222635, 43.390925, 44.062318 ] }, { "date": "2025-06-20", "close": 44.798625, "volume": 1664015, "typical_volume": 1674751.95, "trend": 45.32823, "fair_value": 36.297672, "relative_strength": -8.237402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.32839, "energy": 12.31649, "activity_lines": [ 44.807636, 44.505823, 43.505428, 44.009552 ] }, { "date": "2025-06-27", "close": 47.907495, "volume": 1923227, "typical_volume": 1696608.45, "trend": 45.128365, "fair_value": 36.411628, "relative_strength": -5.143564, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.678747, "energy": 32.103882, "activity_lines": [ 45.874822, 45.273124, 43.928559, 44.175956 ] }, { "date": "2025-07-04", "close": 50.301904, "volume": 1118466, "typical_volume": 1690571.6, "trend": 45.027028, "fair_value": 36.542497, "relative_strength": -2.160201, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.619731, "energy": 59.248765, "activity_lines": [ 47.476887, 46.322604, 44.569813, 44.509733 ] }, { "date": "2025-07-11", "close": 49.87709, "volume": 1071106, "typical_volume": 1658625.3, "trend": 44.984162, "fair_value": 36.67014, "relative_strength": -2.700494, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.712141, "energy": 68.311563, "activity_lines": [ 48.578831, 47.115393, 45.157627, 44.82264 ] }, { "date": "2025-07-18", "close": 49.220558, "volume": 1075623, "typical_volume": 1603028.4, "trend": 44.987286, "fair_value": 36.784689, "relative_strength": -4.466422, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.988013, "energy": 77.488186, "activity_lines": [ 49.142032, 47.644264, 45.65646, 45.095956 ] }, { "date": "2025-07-25", "close": 50.514312, "volume": 1325266, "typical_volume": 1543050.25, "trend": 45.057958, "fair_value": 36.911107, "relative_strength": -3.057635, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.007524, "energy": 80.828527, "activity_lines": [ 49.839758, 48.34214, 46.256736, 45.452538 ] }, { "date": "2025-08-01", "close": 48.872983, "volume": 1535179, "typical_volume": 1537994.2, "trend": 45.132914, "fair_value": 37.032985, "relative_strength": -3.537734, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.924052, "energy": 68.256026, "activity_lines": [ 49.609328, 48.658118, 46.665553, 45.698669 ] }, { "date": "2025-08-08", "close": 41.853888, "volume": 9112892, "typical_volume": 1795528.4, "trend": 45.061756, "fair_value": 37.100591, "relative_strength": -18.939567, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.669993, "energy": 14.107331, "activity_lines": [ 46.974834, 47.608545, 46.371988, 45.487119 ] }, { "date": "2025-08-15", "close": 42.45249, "volume": 3488245, "typical_volume": 1890368.05, "trend": 44.864017, "fair_value": 37.173654, "relative_strength": -18.154311, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 5.818722, "energy": 17.253409, "activity_lines": [ 45.103076, 46.723632, 46.134, 45.318779 ] }, { "date": "2025-08-22", "close": 43.669005, "volume": 3805675, "typical_volume": 2006646.4, "trend": 44.713173, "fair_value": 37.26411, "relative_strength": -15.597276, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -7.663655, "energy": 26.181795, "activity_lines": [ 44.131795, 46.107651, 46.013568, 45.241682 ] }, { "date": "2025-08-29", "close": 43.717645, "volume": 3355885, "typical_volume": 2070475.7, "trend": 44.589324, "fair_value": 37.369539, "relative_strength": -14.98583, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.173965, "energy": 33.575833, "activity_lines": [ 43.546832, 45.520525, 45.88249, 45.177454 ] }, { "date": "2025-09-05", "close": 45.449229, "volume": 2976908, "typical_volume": 2173408.95, "trend": 44.576797, "fair_value": 37.478511, "relative_strength": -11.489128, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.074097, "energy": 25.137893, "activity_lines": [ 43.992174, 45.267888, 45.900222, 45.232932 ] }, { "date": "2025-09-12", "close": 44.009485, "volume": 3559323, "typical_volume": 2300152.9, "trend": 44.457918, "fair_value": 37.591225, "relative_strength": -15.180268, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.407824, "energy": 18.665113, "activity_lines": [ 44.185852, 44.798174, 45.752427, 45.196331 ] }, { "date": "2025-09-19", "close": 44.281869, "volume": 3743953, "typical_volume": 2432558.85, "trend": 44.456592, "fair_value": 37.719894, "relative_strength": -15.256369, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.603817, "energy": 13.256248, "activity_lines": [ 44.326618, 44.492392, 45.613537, 45.184973 ] }, { "date": "2025-09-26", "close": 44.846093, "volume": 3895417, "typical_volume": 2489181.7, "trend": 44.463173, "fair_value": 37.857877, "relative_strength": -13.504306, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.021046, "energy": 5.094366, "activity_lines": [ 44.5335, 44.390928, 45.517169, 45.210102 ] }, { "date": "2025-10-03", "close": 45.663245, "volume": 3454520, "typical_volume": 2584229.5, "trend": 44.547465, "fair_value": 37.994499, "relative_strength": -12.454612, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.653894, "energy": 5.162302, "activity_lines": [ 44.934294, 44.517572, 45.502112, 45.287526 ] }, { "date": "2025-10-10", "close": 41.927692, "volume": 2048327, "typical_volume": 2622988.15, "trend": 44.553238, "fair_value": 38.107853, "relative_strength": -17.144818, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.430184, "energy": 17.072843, "activity_lines": [ 43.960196, 44.053227, 45.132526, 45.118509 ] }, { "date": "2025-10-17", "close": 42.842124, "volume": 2102433, "typical_volume": 2681404.4, "trend": 44.596201, "fair_value": 38.224136, "relative_strength": -16.267349, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.387124, "energy": 23.591168, "activity_lines": [ 43.525679, 43.881419, 44.859699, 45.008114 ] }, { "date": "2025-10-24", "close": 44.019213, "volume": 2115701, "typical_volume": 2730884.4, "trend": 44.636553, "fair_value": 38.343565, "relative_strength": -15.168132, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.365983, "energy": 22.909378, "activity_lines": [ 43.561348, 43.90566, 44.708891, 44.970889 ] }, { "date": "2025-10-31", "close": 39.806987, "volume": 4010955, "typical_volume": 2869155.8, "trend": 44.614761, "fair_value": 38.437234, "relative_strength": -23.346028, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.568741, "energy": 50.451231, "activity_lines": [ 42.210453, 43.135556, 44.161963, 44.659304 ] }, { "date": "2025-11-07", "close": 38.386699, "volume": 3316948, "typical_volume": 2951802.45, "trend": 44.549779, "fair_value": 38.514412, "relative_strength": -24.274953, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -80.16428, "energy": 78.636767, "activity_lines": [ 40.722068, 42.177436, 43.503401, 44.257494 ] }, { "date": "2025-11-14", "close": 38.133771, "volume": 3185092, "typical_volume": 3014895.7, "trend": 44.504797, "fair_value": 38.592336, "relative_strength": -24.246295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.929794, "energy": 84.751515, "activity_lines": [ 39.634477, 41.270256, 42.851284, 43.843558 ] }, { "date": "2025-11-21", "close": 40.150828, "volume": 3330815, "typical_volume": 3125513.15, "trend": 44.495425, "fair_value": 38.681366, "relative_strength": -18.048868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.491627, "energy": 78.960078, "activity_lines": [ 39.472167, 40.862821, 42.437809, 43.562656 ] }, { "date": "2025-11-28", "close": 40.749508, "volume": 1998825, "typical_volume": 3171899.1, "trend": 44.456175, "fair_value": 38.776571, "relative_strength": -19.145113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.509279, "energy": 71.821289, "activity_lines": [ 39.688837, 40.634395, 42.12969, 43.320984 ] }, { "date": "2025-12-05", "close": 40.160642, "volume": 3320694, "typical_volume": 3284152.65, "trend": 44.275589, "fair_value": 38.877864, "relative_strength": -19.949293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.029899, "energy": 47.188662, "activity_lines": [ 39.927198, 40.363127, 41.808953, 43.043853 ] }, { "date": "2025-12-12", "close": 40.867281, "volume": 10290409, "typical_volume": 3732409.8, "trend": 44.107058, "fair_value": 38.983914, "relative_strength": -17.512726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.566747, "energy": 31.321565, "activity_lines": [ 40.377528, 40.305529, 41.598657, 42.823962 ] }, { "date": "2025-12-19", "close": 41.318745, "volume": 7704184, "typical_volume": 4040860.05, "trend": 44.019061, "fair_value": 39.088241, "relative_strength": -16.185326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.381464, "energy": 23.908181, "activity_lines": [ 40.812975, 40.417215, 41.477296, 42.644071 ] }, { "date": "2025-12-26", "close": 41.544477, "volume": 2094942, "typical_volume": 3689962.55, "trend": 43.906405, "fair_value": 39.192476, "relative_strength": -16.42359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.551652, "energy": 19.440322, "activity_lines": [ 41.111333, 40.581014, 41.413406, 42.484421 ] }, { "date": "2026-01-02", "close": 41.789838, "volume": 1674237, "typical_volume": 3599262.15, "trend": 43.796779, "fair_value": 39.290872, "relative_strength": -14.629206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.206631, "energy": 19.045062, "activity_lines": [ 41.398569, 40.813018, 41.374358, 42.347868 ] }, { "date": "2026-01-09", "close": 43.556435, "volume": 2405413, "typical_volume": 3529249.05, "trend": 43.756339, "fair_value": 39.395234, "relative_strength": -12.089465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.686306, "energy": 14.869561, "activity_lines": [ 42.205315, 41.406756, 41.506711, 42.332362 ] }, { "date": "2026-01-16", "close": 46.314289, "volume": 2652035, "typical_volume": 3494056.55, "trend": 43.806861, "fair_value": 39.523773, "relative_strength": -5.818115, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 19.249481, "energy": 28.026, "activity_lines": [ 43.70496, 42.43375, 41.902254, 42.497391 ] }, { "date": "2026-01-23", "close": 46.697052, "volume": 2005247, "typical_volume": 3445473.5, "trend": 43.766513, "fair_value": 39.64878, "relative_strength": -4.383049, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.690605, "energy": 54.181481, "activity_lines": [ 44.969058, 43.386199, 42.321886, 42.683855 ] }, { "date": "2026-01-30", "close": 46.903155, "volume": 2266762, "typical_volume": 3380845.45, "trend": 43.653221, "fair_value": 39.765303, "relative_strength": -4.029888, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.310753, "energy": 68.994656, "activity_lines": [ 45.943304, 44.220426, 42.755204, 42.886219 ] }, { "date": "2026-02-06", "close": 51.574823, "volume": 2484589, "typical_volume": 3317877.25, "trend": 43.709812, "fair_value": 39.918613, "relative_strength": 5.807025, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 65.540471, "energy": 84.562242, "activity_lines": [ 48.117527, 45.781277, 43.619663, 43.39729 ] }, { "date": "2026-02-13", "close": 49.101587, "volume": 2914736, "typical_volume": 3268843.2, "trend": 43.705846, "fair_value": 40.055385, "relative_strength": 2.23655, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.455141, "energy": 86.413696, "activity_lines": [ 48.815006, 46.695624, 44.213848, 43.745146 ] }, { "date": "2026-02-20", "close": 48.973999, "volume": 2135835, "typical_volume": 3202908.95, "trend": 43.654503, "fair_value": 40.189344, "relative_strength": 0.937099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.331005, "energy": 85.429516, "activity_lines": [ 49.100278, 47.424212, 44.775618, 44.085027 ] }, { "date": "2026-02-27", "close": 44.125672, "volume": 4868718, "typical_volume": 3343928.5, "trend": 43.496259, "fair_value": 40.286465, "relative_strength": -8.306283, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.442219, "energy": 51.604131, "activity_lines": [ 47.592128, 47.12389, 44.859876, 44.115425 ] }, { "date": "2026-03-06", "close": 40.98014, "volume": 4723722, "typical_volume": 3474992.95, "trend": 43.467134, "fair_value": 40.387553, "relative_strength": -12.764481, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.583132, "energy": 15.069989, "activity_lines": [ 45.206892, 46.200619, 44.634094, 43.953095 ] }, { "date": "2026-03-13", "close": 40.050571, "volume": 5315822, "typical_volume": 3634999.0, "trend": 43.38707, "fair_value": 40.488096, "relative_strength": -13.095506, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.647523, "energy": 31.996414, "activity_lines": [ 42.906668, 45.118596, 44.328648, 43.732672 ] }, { "date": "2026-03-20", "close": 33.612812, "volume": 6077263, "typical_volume": 3738314.4, "trend": 43.051864, "fair_value": 40.548293, "relative_strength": -25.259962, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -51.720992, "energy": 54.089346, "activity_lines": [ 39.228807, 42.897694, 43.42898, 43.102074 ] }, { "date": "2026-03-27", "close": 33.998484, "volume": 3953501, "typical_volume": 3770142.05, "trend": 42.727892, "fair_value": 40.605895, "relative_strength": -22.15127, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.954252, "energy": 83.836137, "activity_lines": [ 36.712089, 40.927707, 42.595539, 42.517985 ] }, { "date": "2026-04-03", "close": 32.10968, "volume": 3016416, "typical_volume": 3761708.25, "trend": 42.28324, "fair_value": 40.658875, "relative_strength": -28.271861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.375503, "energy": 93.798059, "activity_lines": [ 34.564137, 38.838226, 41.603108, 41.832939 ] }, { "date": "2026-04-10", "close": 34.532492, "volume": 3563113, "typical_volume": 3773323.15, "trend": 41.96734, "fair_value": 40.73136, "relative_strength": -25.001769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.839018, "energy": 87.146087, "activity_lines": [ 34.024855, 37.45448, 40.870107, 41.332891 ] }, { "date": "2026-04-17", "close": 37.518979, "volume": 2865286, "typical_volume": 3816646.2, "trend": 41.74191, "fair_value": 40.820398, "relative_strength": -21.523088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.257161, "energy": 74.688096, "activity_lines": [ 34.910912, 36.838653, 40.448287, 41.0459 ] }, { "date": "2026-04-24", "close": 37.281642, "volume": 2076655, "typical_volume": 3754444.25, "trend": 41.489762, "fair_value": 40.909757, "relative_strength": -21.942928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.327916, "energy": 51.646794, "activity_lines": [ 35.88663, 36.435235, 40.019248, 40.758141 ] }, { "date": "2026-05-01", "close": 37.024528, "volume": 2882780, "typical_volume": 3384062.8, "trend": 41.201805, "fair_value": 41.001845, "relative_strength": -22.681867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.034863, "energy": 35.478509, "activity_lines": [ 36.532054, 36.199977, 39.57943, 40.470061 ] }, { "date": "2026-05-08", "close": 33.237029, "volume": 5366271, "typical_volume": 3267167.15, "trend": 40.912116, "fair_value": 41.055314, "relative_strength": -31.46154, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -60.425791, "energy": 40.452532, "activity_lines": [ 35.713242, 35.493346, 38.797198, 39.956205 ] }, { "date": "2026-05-15", "close": 29.568199, "volume": 4089373, "typical_volume": 3366888.7, "trend": 40.469652, "fair_value": 41.092176, "relative_strength": -38.467911, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -81.120705, "energy": 58.15847, "activity_lines": [ 33.596331, 34.31763, 37.704037, 39.224339 ] }, { "date": "2026-05-22", "close": 30.359321, "volume": 3070855, "typical_volume": 3436719.6, "trend": 40.014322, "fair_value": 41.134224, "relative_strength": -36.694451, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.684972, "energy": 74.984119, "activity_lines": [ 32.074079, 33.493245, 36.743252, 38.57206 ] }, { "date": "2026-05-29", "close": 31.19, "volume": 2321868, "typical_volume": 3432542.35, "trend": 39.727089, "fair_value": 41.18056, "relative_strength": -35.199359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.177525, "energy": 82.471104, "activity_lines": [ 31.306031, 32.996096, 35.91601, 38.002749 ] }, { "date": "2026-06-05", "close": 31.14, "volume": 3410630, "typical_volume": 3470472.1, "trend": 39.485533, "fair_value": 41.224573, "relative_strength": -32.956176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.357845, "energy": 82.856122, "activity_lines": [ 30.927426, 32.533908, 35.142893, 37.448743 ] }, { "date": "2026-06-12", "close": 33.1, "volume": 3239686, "typical_volume": 3532194.05, "trend": 39.31774, "fair_value": 41.280568, "relative_strength": -28.457631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.670561, "energy": 60.501624, "activity_lines": [ 31.594456, 32.480056, 34.628702, 37.036773 ] }, { "date": "2026-06-19", "close": 34.86, "volume": 3771257, "typical_volume": 3607418.8, "trend": 39.141379, "fair_value": 41.343765, "relative_strength": -24.663124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.961662, "energy": 39.833193, "activity_lines": [ 32.857288, 32.728198, 34.346877, 36.749177 ] }, { "date": "2026-06-26", "close": 39.61, "volume": 6202034, "typical_volume": 3793291.05, "trend": 39.103396, "fair_value": 41.433448, "relative_strength": -11.643416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.806562, "energy": 18.367175, "activity_lines": [ 35.350667, 33.834022, 34.574782, 36.77941 ] }, { "date": "2026-07-03", "close": 41.43, "volume": 3208783, "typical_volume": 3807993.4, "trend": 39.145708, "fair_value": 41.537711, "relative_strength": -8.810004, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 16.61506, "energy": 31.082012, "activity_lines": [ 37.834, 35.232736, 35.032996, 36.929514 ] }, { "date": "2026-07-10", "close": 39.95, "volume": 2592516, "typical_volume": 3830827.45, "trend": 39.115132, "fair_value": 41.631788, "relative_strength": -12.481063, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 27.606889, "energy": 40.484361, "activity_lines": [ 39.141333, 36.286934, 35.386789, 36.981404 ] }, { "date": "2026-07-17", "close": 41.73, "volume": 2340492, "typical_volume": 3704416.15, "trend": 39.12884, "fair_value": 41.73273, "relative_strength": -6.458664, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.004133, "energy": 47.093837, "activity_lines": [ 40.454667, 37.611579, 35.953077, 37.150105 ] }, { "date": "2026-07-24", "close": 41.62, "volume": 3101870, "typical_volume": 3623323.55, "trend": 39.131358, "fair_value": 41.831451, "relative_strength": -5.432404, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.153843, "energy": 61.164441, "activity_lines": [ 41.156, 38.761806, 36.520296, 37.310825 ] }, { "date": "2026-07-31", "close": 45.01, "volume": 4025820, "typical_volume": 3558823.45, "trend": 39.238696, "fair_value": 41.952777, "relative_strength": 1.793241, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.385426, "energy": 67.614931, "activity_lines": [ 42.536667, 40.309273, 37.407326, 37.690092 ] }, { "date": "2026-08-07", "close": 49.7, "volume": 3453589, "typical_volume": 3427639.75, "trend": 39.443482, "fair_value": 42.080623, "relative_strength": 8.662755, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 65.154047, "energy": 81.583068, "activity_lines": [ 45.120667, 42.443091, 38.717406, 38.365015 ] } ], "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." } } }