{ "ticker": { "uuid": "65233d9b-085a-483d-b3f0-2af4cc268a43", "symbol": "FCPT", "name": "Four Corners Property Trust Inc", "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": 48.586, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 54.296, "architecture_energy": 50.15, "architecture_maturity": 6.998, "architecture_confidence": 68.961, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 30.88, "rotation_up": 61.58, "upward_expansion": 82.96, "deceleration": 47.39, "rotation_down": 12.43, "downward_expansion": 9.62 }, "activity_lines": [ 25.532646, 25.332077, 25.069628, 24.944526 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 25.1, "trend_reference": 24.790587, "distance_from_trend": 0.012481, "trend_direction": "Improving", "fair_value": 23.84883, "distance_from_fair_value": 0.052463, "fair_value_direction": "Improving", "relative_strength": -7.832667, "relative_strength_direction": "Improving", "price_momentum": 0.005879, "excess_performance": -0.119746, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.012481, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029309, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.052463, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.002145, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078327, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.020819, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.005879, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.53354, "read": "Supply-led" } ], "volume": { "latest": 4169572, "relative_activity": 1.096425, "balance": 0.53354, "dry_up": 0.991624, "accumulation_observations": 3, "distribution_observations": 6 }, "risk": { "range_context": 0.042782, "annualized_volatility": 0.194696, "from_high_reference": -0.061064, "from_low_reference": 0.135705 }, "levels": { "trend_reference": 24.790587, "fair_value_reference": 23.84883, "structural_low": 23.318635, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.017369, "positive_rate": 0.277778, "directional_follow_through": 0.277778, "median_excess_return": -0.023012, "regime_survival": 0.5, "best_return": 0.107835, "worst_return": -0.079382, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.041596, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.066179, "regime_survival": 0.125, "best_return": 0.169094, "worst_return": -0.119517, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.005733, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.010734, "regime_survival": 0.333333, "best_return": 0.270156, "worst_return": -0.089591, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.004132, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.090728, "regime_survival": 0.0, "best_return": 0.228495, "worst_return": -0.055188, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-06-28", "tenure": "Developing", "return": 0.086192, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-10-25", "tenure": "Established", "return": 0.153974, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-11-29", "tenure": "Developing", "return": 0.085495, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.068906, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": -0.030838, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.002903, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-07-18", "tenure": "Established", "return": -0.015035, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2026-01-30", "tenure": "Extended", "return": -0.040917, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-06", "tenure": "Developing", "return": 0.013418, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": -0.004306, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.008577, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": -0.012219, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-07-17", "tenure": "Developing", "return": 0.068117, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.032612, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.327774, "volume": 1951655, "typical_volume": 2440928.5, "trend": 22.366321, "fair_value": 21.724032, "relative_strength": -10.796749, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.742217, "energy": 22.640414, "activity_lines": [ 21.988901, 22.088226, 22.057064, 22.115741 ] }, { "date": "2023-08-25", "close": 21.224741, "volume": 1203685, "typical_volume": 2420225.8, "trend": 22.277714, "fair_value": 21.739321, "relative_strength": -11.660806, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.845622, "energy": 37.978944, "activity_lines": [ 21.647175, 21.932878, 21.981189, 22.04209 ] }, { "date": "2023-09-01", "close": 21.559598, "volume": 1390084, "typical_volume": 2419958.9, "trend": 22.191904, "fair_value": 21.75414, "relative_strength": -12.254386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.250194, "energy": 42.993317, "activity_lines": [ 21.547577, 21.862139, 21.94237, 21.99576 ] }, { "date": "2023-09-08", "close": 21.164639, "volume": 1406237, "typical_volume": 2387771.0, "trend": 22.099899, "fair_value": 21.76852, "relative_strength": -12.558637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.652803, "energy": 56.101545, "activity_lines": [ 21.378146, 21.712117, 21.867287, 21.929485 ] }, { "date": "2023-09-15", "close": 20.821196, "volume": 2085733, "typical_volume": 2378961.65, "trend": 22.000909, "fair_value": 21.780699, "relative_strength": -13.549318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.096158, "energy": 63.250582, "activity_lines": [ 21.148039, 21.51136, 21.762526, 21.846988 ] }, { "date": "2023-09-22", "close": 20.022693, "volume": 2506332, "typical_volume": 2393926.6, "trend": 21.896493, "fair_value": 21.788901, "relative_strength": -14.01668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.292702, "energy": 74.06262, "activity_lines": [ 20.749074, 21.182435, 21.585495, 21.719361 ] }, { "date": "2023-09-29", "close": 19.346514, "volume": 3454905, "typical_volume": 2492212.65, "trend": 21.770374, "fair_value": 21.782435, "relative_strength": -16.004123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.773351, "energy": 84.759454, "activity_lines": [ 20.21172, 20.771939, 21.354229, 21.554846 ] }, { "date": "2023-10-06", "close": 19.102394, "volume": 3994526, "typical_volume": 2573007.1, "trend": 21.682128, "fair_value": 21.769976, "relative_strength": -17.199655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.757409, "energy": 88.96392, "activity_lines": [ 19.718209, 20.3868, 21.111886, 21.382719 ] }, { "date": "2023-10-13", "close": 18.788526, "volume": 3353171, "typical_volume": 2647727.45, "trend": 21.566967, "fair_value": 21.761329, "relative_strength": -18.608414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.129292, "energy": 92.164931, "activity_lines": [ 19.283889, 20.00613, 20.85238, 21.196035 ] }, { "date": "2023-10-20", "close": 18.309004, "volume": 3903894, "typical_volume": 2741519.25, "trend": 21.45088, "fair_value": 21.747539, "relative_strength": -18.460891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.439128, "energy": 92.955587, "activity_lines": [ 18.848135, 19.59615, 20.560985, 20.985844 ] }, { "date": "2023-10-27", "close": 17.96898, "volume": 3040831, "typical_volume": 2764808.15, "trend": 21.29123, "fair_value": 21.740762, "relative_strength": -17.601131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.56613, "energy": 93.225267, "activity_lines": [ 18.46652, 19.196563, 20.255935, 20.761205 ] }, { "date": "2023-11-03", "close": 19.459856, "volume": 4811608, "typical_volume": 2801013.45, "trend": 21.196245, "fair_value": 21.744408, "relative_strength": -15.253985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.958948, "energy": 75.745719, "activity_lines": [ 18.718777, 19.129114, 20.113541, 20.643052 ] }, { "date": "2023-11-10", "close": 19.06752, "volume": 2626052, "typical_volume": 2783400.5, "trend": 21.103716, "fair_value": 21.727923, "relative_strength": -17.677031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.102648, "energy": 58.754877, "activity_lines": [ 18.8327, 19.022419, 19.9484, 20.505714 ] }, { "date": "2023-11-17", "close": 19.712694, "volume": 2018142, "typical_volume": 2704133.3, "trend": 21.034105, "fair_value": 21.71851, "relative_strength": -16.395397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.163673, "energy": 42.032707, "activity_lines": [ 19.164005, 19.07834, 19.854614, 20.415971 ] }, { "date": "2023-11-24", "close": 20.009126, "volume": 907845, "typical_volume": 2632374.15, "trend": 20.980589, "fair_value": 21.710997, "relative_strength": -15.587891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.671032, "energy": 27.276796, "activity_lines": [ 19.532511, 19.214556, 19.79904, 20.349843 ] }, { "date": "2023-12-01", "close": 20.732767, "volume": 2539867, "typical_volume": 2631967.6, "trend": 20.933118, "fair_value": 21.707305, "relative_strength": -12.923337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.454579, "energy": 23.324616, "activity_lines": [ 20.028888, 19.497108, 19.820708, 20.333855 ] }, { "date": "2023-12-08", "close": 21.116385, "volume": 6367106, "typical_volume": 2830765.9, "trend": 20.906908, "fair_value": 21.703039, "relative_strength": -11.144202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.447405, "energy": 21.488311, "activity_lines": [ 20.468885, 19.836498, 19.886365, 20.345679 ] }, { "date": "2023-12-15", "close": 21.778996, "volume": 5502108, "typical_volume": 2950061.9, "trend": 20.907021, "fair_value": 21.705668, "relative_strength": -10.147655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.622607, "energy": 39.280033, "activity_lines": [ 21.019318, 20.264184, 20.024965, 20.401942 ] }, { "date": "2023-12-22", "close": 22.084146, "volume": 4368712, "typical_volume": 3000708.05, "trend": 20.920412, "fair_value": 21.704719, "relative_strength": -9.3158, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.919664, "energy": 45.570958, "activity_lines": [ 21.490702, 20.698686, 20.195998, 20.477886 ] }, { "date": "2023-12-29", "close": 22.356305, "volume": 2159180, "typical_volume": 2979583.65, "trend": 20.924235, "fair_value": 21.703215, "relative_strength": -8.15634, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.294799, "energy": 66.68583, "activity_lines": [ 21.894709, 21.122751, 20.392416, 20.570524 ] }, { "date": "2024-01-05", "close": 22.108884, "volume": 2137993, "typical_volume": 2988900.55, "trend": 20.917551, "fair_value": 21.710244, "relative_strength": -7.343058, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.015357, "energy": 64.637387, "activity_lines": [ 22.059764, 21.428243, 20.56491, 20.646953 ] }, { "date": "2024-01-12", "close": 22.250267, "volume": 2498096, "typical_volume": 3053621.1, "trend": 20.908236, "fair_value": 21.718179, "relative_strength": -7.99613, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.340063, "energy": 64.064677, "activity_lines": [ 22.180205, 21.68417, 20.74715, 20.732935 ] }, { "date": "2024-01-19", "close": 21.331273, "volume": 2061466, "typical_volume": 3087190.2, "trend": 20.914325, "fair_value": 21.72212, "relative_strength": -12.303224, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.347349, "energy": 38.307022, "activity_lines": [ 21.918723, 21.722272, 20.836983, 20.760227 ] }, { "date": "2024-01-26", "close": 20.907122, "volume": 2224320, "typical_volume": 3128094.35, "trend": 20.884276, "fair_value": 21.727914, "relative_strength": -14.373961, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.744139, "energy": 20.257988, "activity_lines": [ 21.545705, 21.642097, 20.887508, 20.759763 ] }, { "date": "2024-02-02", "close": 20.748065, "volume": 2453411, "typical_volume": 3146478.25, "trend": 20.850642, "fair_value": 21.726171, "relative_strength": -15.653182, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 9.972225, "energy": 13.222127, "activity_lines": [ 21.198137, 21.511286, 20.924111, 20.750975 ] }, { "date": "2024-02-09", "close": 20.412279, "volume": 2051310, "typical_volume": 3123727.15, "trend": 20.787785, "fair_value": 21.722129, "relative_strength": -17.553204, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.745994, "energy": 20.105531, "activity_lines": [ 20.845856, 21.305988, 20.929083, 20.722693 ] }, { "date": "2024-02-16", "close": 20.809921, "volume": 2821474, "typical_volume": 3092055.6, "trend": 20.708704, "fair_value": 21.722485, "relative_strength": -15.079185, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.060755, "energy": 23.868862, "activity_lines": [ 20.739229, 21.178815, 20.97007, 20.724122 ] }, { "date": "2024-02-23", "close": 20.889449, "volume": 1613555, "typical_volume": 2973007.05, "trend": 20.655456, "fair_value": 21.724616, "relative_strength": -15.55282, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.494276, "energy": 19.879191, "activity_lines": [ 20.755135, 21.071673, 21.011663, 20.735783 ] }, { "date": "2024-03-01", "close": 21.799607, "volume": 3200720, "typical_volume": 2965384.5, "trend": 20.649718, "fair_value": 21.730829, "relative_strength": -12.191979, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.594053, "energy": 19.450215, "activity_lines": [ 21.103881, 21.146189, 21.131428, 20.809599 ] }, { "date": "2024-03-08", "close": 21.454984, "volume": 2939506, "typical_volume": 2917165.1, "trend": 20.62219, "fair_value": 21.729239, "relative_strength": -12.859789, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.55264, "energy": 22.459048, "activity_lines": [ 21.278254, 21.163219, 21.204033, 20.861551 ] }, { "date": "2024-03-15", "close": 21.693569, "volume": 3370733, "typical_volume": 2933660.2, "trend": 20.634383, "fair_value": 21.734822, "relative_strength": -11.298635, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 44.725131, "energy": 36.107543, "activity_lines": [ 21.485028, 21.240016, 21.284379, 20.930673 ] }, { "date": "2024-03-22", "close": 21.3136, "volume": 2501909, "typical_volume": 2818175.25, "trend": 20.637345, "fair_value": 21.734028, "relative_strength": -14.240237, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.745395, "energy": 38.671473, "activity_lines": [ 21.479726, 21.255279, 21.310802, 20.974493 ] }, { "date": "2024-03-29", "close": 21.930375, "volume": 1720404, "typical_volume": 2772892.85, "trend": 20.649705, "fair_value": 21.735401, "relative_strength": -11.555979, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.920605, "energy": 47.226213, "activity_lines": [ 21.646437, 21.399714, 21.387138, 21.057914 ] }, { "date": "2024-04-05", "close": 21.168592, "volume": 2023222, "typical_volume": 2773146.85, "trend": 20.649836, "fair_value": 21.732432, "relative_strength": -13.355049, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.388633, "energy": 27.271404, "activity_lines": [ 21.489825, 21.394749, 21.37729, 21.091391 ] }, { "date": "2024-04-12", "close": 20.917652, "volume": 1971804, "typical_volume": 2826344.8, "trend": 20.653052, "fair_value": 21.726132, "relative_strength": -12.656131, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.212098, "energy": 12.626587, "activity_lines": [ 21.291635, 21.339405, 21.336611, 21.108669 ] }, { "date": "2024-04-19", "close": 20.639825, "volume": 4359075, "typical_volume": 2917305.2, "trend": 20.673623, "fair_value": 21.713967, "relative_strength": -10.64635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.000644, "energy": 7.142667, "activity_lines": [ 21.036657, 21.230464, 21.265146, 21.107816 ] }, { "date": "2024-04-26", "close": 21.007274, "volume": 1639842, "typical_volume": 2680942.0, "trend": 20.728981, "fair_value": 21.706568, "relative_strength": -10.981556, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.139434, "energy": 13.82873, "activity_lines": [ 20.974412, 21.184194, 21.229118, 21.129342 ] }, { "date": "2024-05-03", "close": 21.634624, "volume": 2292412, "typical_volume": 2520457.2, "trend": 20.813389, "fair_value": 21.70944, "relative_strength": -8.404939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.594456, "energy": 13.4966, "activity_lines": [ 21.141706, 21.2484, 21.253357, 21.18777 ] }, { "date": "2024-05-10", "close": 22.011034, "volume": 1578231, "typical_volume": 2380933.15, "trend": 20.920806, "fair_value": 21.716202, "relative_strength": -8.071144, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.012791, "energy": 22.32343, "activity_lines": [ 21.454186, 21.367495, 21.314133, 21.265038 ] }, { "date": "2024-05-17", "close": 22.450179, "volume": 1840761, "typical_volume": 2365012.2, "trend": 21.058845, "fair_value": 21.724745, "relative_strength": -7.359876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.455168, "energy": 48.681782, "activity_lines": [ 21.856885, 21.562591, 21.41708, 21.363707 ] }, { "date": "2024-05-24", "close": 21.607737, "volume": 1459078, "typical_volume": 2331066.45, "trend": 21.180137, "fair_value": 21.726657, "relative_strength": -10.399257, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.935353, "energy": 42.385097, "activity_lines": [ 21.876602, 21.58642, 21.439347, 21.39912 ] }, { "date": "2024-05-31", "close": 21.876602, "volume": 1474606, "typical_volume": 2279891.95, "trend": 21.260695, "fair_value": 21.728177, "relative_strength": -8.493622, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.674558, "energy": 48.479534, "activity_lines": [ 21.921412, 21.660695, 21.489607, 21.444053 ] }, { "date": "2024-06-07", "close": 21.652548, "volume": 1234447, "typical_volume": 2238541.0, "trend": 21.346863, "fair_value": 21.726145, "relative_strength": -10.095359, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.135639, "energy": 37.713835, "activity_lines": [ 21.833583, 21.683997, 21.520308, 21.469334 ] }, { "date": "2024-06-14", "close": 21.849715, "volume": 1550898, "typical_volume": 2204869.9, "trend": 21.418097, "fair_value": 21.725623, "relative_strength": -10.300211, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.439957, "energy": 23.150548, "activity_lines": [ 21.810282, 21.748199, 21.568257, 21.501776 ] }, { "date": "2024-06-21", "close": 21.984148, "volume": 2261530, "typical_volume": 2195275.85, "trend": 21.483931, "fair_value": 21.728374, "relative_strength": -9.973651, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.762712, "energy": 25.145792, "activity_lines": [ 21.842546, 21.824458, 21.624521, 21.538295 ] }, { "date": "2024-06-28", "close": 22.418812, "volume": 3044903, "typical_volume": 2244955.5, "trend": 21.540132, "fair_value": 21.733365, "relative_strength": -7.800963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.364361, "energy": 32.151048, "activity_lines": [ 22.050766, 21.960357, 21.716295, 21.59861 ] }, { "date": "2024-07-05", "close": 22.500599, "volume": 1081540, "typical_volume": 2157958.8, "trend": 21.586273, "fair_value": 21.734201, "relative_strength": -8.820776, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.703612, "energy": 48.557695, "activity_lines": [ 22.232178, 22.078781, 21.806303, 21.660576 ] }, { "date": "2024-07-12", "close": 23.445697, "volume": 2769009, "typical_volume": 2215731.5, "trend": 21.641829, "fair_value": 21.741244, "relative_strength": -5.55327, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.296958, "energy": 70.022342, "activity_lines": [ 22.687022, 22.34189, 21.97827, 21.780538 ] }, { "date": "2024-07-19", "close": 24.399882, "volume": 2175495, "typical_volume": 2164470.25, "trend": 21.719021, "fair_value": 21.752862, "relative_strength": 0.589112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.432648, "energy": 83.420448, "activity_lines": [ 23.340384, 22.745558, 22.228939, 21.958477 ] }, { "date": "2024-07-26", "close": 24.990568, "volume": 2400018, "typical_volume": 2137495.85, "trend": 21.806829, "fair_value": 21.770157, "relative_strength": 4.066616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.420388, "energy": 90.715241, "activity_lines": [ 24.020631, 23.21319, 22.523481, 22.169545 ] }, { "date": "2024-08-02", "close": 24.926956, "volume": 2885264, "typical_volume": 2113222.4, "trend": 21.900765, "fair_value": 21.787144, "relative_strength": 6.192632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.009482, "energy": 91.608133, "activity_lines": [ 24.479246, 23.623067, 22.795129, 22.370843 ] }, { "date": "2024-08-09", "close": 24.499845, "volume": 3241181, "typical_volume": 2150186.0, "trend": 21.975751, "fair_value": 21.807913, "relative_strength": 4.571513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.466973, "energy": 86.575855, "activity_lines": [ 24.628281, 23.894939, 23.010703, 22.538526 ] }, { "date": "2024-08-16", "close": 24.390795, "volume": 2455891, "typical_volume": 2186960.35, "trend": 22.077735, "fair_value": 21.826789, "relative_strength": 0.345377, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.407462, "energy": 79.995492, "activity_lines": [ 24.607683, 24.099287, 23.200718, 22.694335 ] }, { "date": "2024-08-23", "close": 24.981481, "volume": 3081625, "typical_volume": 2239880.5, "trend": 22.213547, "fair_value": 21.84761, "relative_strength": 1.545216, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.414937, "energy": 65.475291, "activity_lines": [ 24.720973, 24.361247, 23.435273, 22.881674 ] }, { "date": "2024-08-30", "close": 25.763004, "volume": 4537296, "typical_volume": 2368155.1, "trend": 22.380712, "fair_value": 21.868413, "relative_strength": 4.560393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.057636, "energy": 67.036861, "activity_lines": [ 25.055998, 24.708361, 23.726102, 23.110671 ] }, { "date": "2024-09-06", "close": 26.508177, "volume": 2886476, "typical_volume": 2294525.15, "trend": 22.583908, "fair_value": 21.90559, "relative_strength": 12.184108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.228151, "energy": 76.508273, "activity_lines": [ 25.587919, 25.122254, 24.064827, 23.376959 ] }, { "date": "2024-09-13", "close": 27.625937, "volume": 2473592, "typical_volume": 2336212.65, "trend": 22.811109, "fair_value": 21.946847, "relative_strength": 12.326555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.698129, "energy": 93.193679, "activity_lines": [ 26.387011, 25.665024, 24.482061, 23.702251 ] }, { "date": "2024-09-20", "close": 27.071601, "volume": 5471700, "typical_volume": 2495177.05, "trend": 23.017181, "fair_value": 21.983704, "relative_strength": 8.507219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.390492, "energy": 88.175964, "activity_lines": [ 26.792918, 26.013818, 24.814983, 23.977122 ] }, { "date": "2024-09-27", "close": 26.871677, "volume": 2278777, "typical_volume": 2530204.35, "trend": 23.18625, "fair_value": 22.020026, "relative_strength": 7.045037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.756531, "energy": 83.662048, "activity_lines": [ 26.953464, 26.260337, 25.102974, 24.225799 ] }, { "date": "2024-10-04", "close": 26.305309, "volume": 2318361, "typical_volume": 2554084.35, "trend": 23.347927, "fair_value": 22.051693, "relative_strength": 4.474534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.427094, "energy": 64.580494, "activity_lines": [ 26.799207, 26.358938, 25.31388, 24.427028 ] }, { "date": "2024-10-11", "close": 26.342087, "volume": 2043292, "typical_volume": 2583295.05, "trend": 23.502878, "fair_value": 22.075742, "relative_strength": 3.369628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.078893, "energy": 57.710947, "activity_lines": [ 26.621056, 26.440321, 25.509931, 24.6202 ] }, { "date": "2024-10-18", "close": 27.335087, "volume": 1463799, "typical_volume": 2582754.7, "trend": 23.703594, "fair_value": 22.104646, "relative_strength": 6.22155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.482179, "energy": 60.480907, "activity_lines": [ 26.784978, 26.676521, 25.778009, 24.867439 ] }, { "date": "2024-10-25", "close": 25.965115, "volume": 1722848, "typical_volume": 2607174.75, "trend": 23.838085, "fair_value": 22.125069, "relative_strength": 1.843074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.282553, "energy": 41.339465, "activity_lines": [ 26.511632, 26.612084, 25.88962, 25.013344 ] }, { "date": "2024-11-01", "close": 25.165198, "volume": 2796441, "typical_volume": 2669451.9, "trend": 23.971306, "fair_value": 22.137496, "relative_strength": 0.145463, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.287981, "energy": 29.150844, "activity_lines": [ 26.045413, 26.373584, 25.904513, 25.098964 ] }, { "date": "2024-11-08", "close": 25.79042, "volume": 3590631, "typical_volume": 2735906.95, "trend": 24.133731, "fair_value": 22.15977, "relative_strength": -1.992636, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.35198, "energy": 22.451908, "activity_lines": [ 25.901367, 26.245421, 25.963162, 25.216326 ] }, { "date": "2024-11-15", "close": 25.946726, "volume": 4082974, "typical_volume": 2787810.5, "trend": 24.310628, "fair_value": 22.183903, "relative_strength": 0.696546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.026517, "energy": 23.548791, "activity_lines": [ 25.843748, 26.145178, 26.018573, 25.333294 ] }, { "date": "2024-11-22", "close": 26.893754, "volume": 2654145, "typical_volume": 2866440.75, "trend": 24.506844, "fair_value": 22.219343, "relative_strength": 2.633559, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.32996, "energy": 23.483785, "activity_lines": [ 26.128163, 26.22733, 26.147377, 25.499947 ] }, { "date": "2024-11-29", "close": 27.316698, "volume": 2240427, "typical_volume": 2840011.65, "trend": 24.696246, "fair_value": 22.256638, "relative_strength": 3.0493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.209823, "energy": 40.790135, "activity_lines": [ 26.582981, 26.399694, 26.295542, 25.681228 ] }, { "date": "2024-12-06", "close": 26.820198, "volume": 2165143, "typical_volume": 2839494.05, "trend": 24.856552, "fair_value": 22.286923, "relative_strength": 0.405248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.165686, "energy": 40.580676, "activity_lines": [ 26.782194, 26.477329, 26.377988, 25.818257 ] }, { "date": "2024-12-13", "close": 26.415642, "volume": 2580655, "typical_volume": 2848525.9, "trend": 24.988734, "fair_value": 22.314364, "relative_strength": -0.383874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.883219, "energy": 40.031134, "activity_lines": [ 26.736222, 26.482344, 26.41038, 25.918844 ] }, { "date": "2024-12-20", "close": 24.972114, "volume": 6611815, "typical_volume": 3034853.45, "trend": 25.10088, "fair_value": 22.330084, "relative_strength": -3.856944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.036316, "energy": 9.287582, "activity_lines": [ 26.167392, 26.222893, 26.298506, 25.917771 ] }, { "date": "2024-12-27", "close": 25.238753, "volume": 2050650, "typical_volume": 2975326.9, "trend": 25.212951, "fair_value": 22.342113, "relative_strength": -3.23965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.649024, "energy": 11.345075, "activity_lines": [ 25.752416, 26.036831, 26.211812, 25.926666 ] }, { "date": "2025-01-03", "close": 25.298758, "volume": 3664441, "typical_volume": 3035754.4, "trend": 25.334492, "fair_value": 22.359313, "relative_strength": -2.288895, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.355911, "energy": 18.578308, "activity_lines": [ 25.467775, 25.899794, 26.127314, 25.932202 ] }, { "date": "2025-01-10", "close": 24.460434, "volume": 2020723, "typical_volume": 2982709.3, "trend": 25.421516, "fair_value": 22.373278, "relative_strength": -3.443524, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.014693, "energy": 36.305001, "activity_lines": [ 25.038222, 25.62245, 25.958652, 25.875811 ] }, { "date": "2025-01-17", "close": 25.671346, "volume": 2895706, "typical_volume": 2900629.8, "trend": 25.544422, "fair_value": 22.40025, "relative_strength": -1.4824, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.555431, "energy": 35.302163, "activity_lines": [ 25.169624, 25.578086, 25.907796, 25.89193 ] }, { "date": "2025-01-24", "close": 25.745864, "volume": 1465248, "typical_volume": 2829568.4, "trend": 25.655324, "fair_value": 22.427853, "relative_strength": -2.837946, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.469056, "energy": 23.258208, "activity_lines": [ 25.375485, 25.549435, 25.864473, 25.904926 ] }, { "date": "2025-01-31", "close": 25.550255, "volume": 2297881, "typical_volume": 2820782.85, "trend": 25.756979, "fair_value": 22.458173, "relative_strength": -2.588505, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.313519, "energy": 16.157121, "activity_lines": [ 25.46456, 25.488871, 25.806151, 25.898147 ] }, { "date": "2025-02-07", "close": 25.997361, "volume": 1643089, "typical_volume": 2629352.3, "trend": 25.842035, "fair_value": 22.493193, "relative_strength": -0.799283, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.053723, "energy": 6.844079, "activity_lines": [ 25.681903, 25.534027, 25.800295, 25.913656 ] }, { "date": "2025-02-14", "close": 25.857641, "volume": 2355543, "typical_volume": 2633190.6, "trend": 25.890627, "fair_value": 22.525229, "relative_strength": -2.786814, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.805147, "energy": 6.573509, "activity_lines": [ 25.806099, 25.577766, 25.786247, 25.914662 ] }, { "date": "2025-02-21", "close": 26.053249, "volume": 3016096, "typical_volume": 2668077.35, "trend": 25.926049, "fair_value": 22.556177, "relative_strength": -0.535395, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.594575, "energy": 13.552411, "activity_lines": [ 25.902351, 25.674572, 25.795658, 25.925154 ] }, { "date": "2025-02-28", "close": 26.779797, "volume": 5627497, "typical_volume": 2847287.6, "trend": 25.987811, "fair_value": 22.588931, "relative_strength": 3.137779, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.621744, "energy": 19.669146, "activity_lines": [ 26.215325, 25.910067, 25.875464, 25.980235 ] }, { "date": "2025-03-07", "close": 27.301421, "volume": 4406941, "typical_volume": 2994444.7, "trend": 26.081197, "fair_value": 22.626454, "relative_strength": 8.245148, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.549228, "energy": 38.458848, "activity_lines": [ 26.633246, 26.207535, 26.002864, 26.064984 ] }, { "date": "2025-03-14", "close": 26.071879, "volume": 6255484, "typical_volume": 3221076.5, "trend": 26.137233, "fair_value": 22.658081, "relative_strength": 5.622153, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.490379, "energy": 25.375817, "activity_lines": [ 26.524574, 26.243947, 26.013325, 26.064383 ] }, { "date": "2025-03-21", "close": 26.183655, "volume": 6376090, "typical_volume": 3400058.95, "trend": 26.177305, "fair_value": 22.690782, "relative_strength": 5.306771, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.85418, "energy": 24.262022, "activity_lines": [ 26.448193, 26.286625, 26.033923, 26.067378 ] }, { "date": "2025-03-28", "close": 26.621447, "volume": 3029762, "typical_volume": 3372015.5, "trend": 26.20592, "fair_value": 22.718681, "relative_strength": 8.412864, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.302304, "energy": 19.600571, "activity_lines": [ 26.496009, 26.377571, 26.091366, 26.096032 ] }, { "date": "2025-04-04", "close": 26.111473, "volume": 6078762, "typical_volume": 3471804.9, "trend": 26.192697, "fair_value": 22.742435, "relative_strength": 16.415353, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.942328, "energy": 5.107682, "activity_lines": [ 26.335953, 26.358519, 26.096282, 26.089939 ] }, { "date": "2025-04-11", "close": 25.564537, "volume": 6465672, "typical_volume": 3662381.25, "trend": 26.123983, "fair_value": 22.756755, "relative_strength": 7.560215, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.908482, "energy": 10.275961, "activity_lines": [ 26.03814, 26.233377, 26.048325, 26.049412 ] }, { "date": "2025-04-18", "close": 26.630119, "volume": 2618657, "typical_volume": 3681292.75, "trend": 26.109267, "fair_value": 22.774193, "relative_strength": 13.236511, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.945888, "energy": 5.955619, "activity_lines": [ 26.211314, 26.301718, 26.108182, 26.082066 ] }, { "date": "2025-04-25", "close": 26.130333, "volume": 3018500, "typical_volume": 3723960.6, "trend": 26.084556, "fair_value": 22.80013, "relative_strength": 5.966699, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.905037, "energy": 4.483133, "activity_lines": [ 26.180676, 26.267683, 26.123709, 26.083425 ] }, { "date": "2025-05-02", "close": 26.300071, "volume": 3073040, "typical_volume": 3748579.85, "trend": 26.084381, "fair_value": 22.831898, "relative_strength": 3.463643, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.528239, "energy": 13.101317, "activity_lines": [ 26.210173, 26.259552, 26.158687, 26.097329 ] }, { "date": "2025-05-09", "close": 26.168052, "volume": 2811613, "typical_volume": 3558569.75, "trend": 26.07858, "fair_value": 22.862975, "relative_strength": 3.227619, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.506477, "energy": 13.69709, "activity_lines": [ 26.217088, 26.22293, 26.181642, 26.102728 ] }, { "date": "2025-05-16", "close": 25.998314, "volume": 2526707, "typical_volume": 3582372.6, "trend": 26.034021, "fair_value": 22.89353, "relative_strength": -2.62962, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 16.204462, "energy": 6.81236, "activity_lines": [ 26.163652, 26.16657, 26.182736, 26.097549 ] }, { "date": "2025-05-23", "close": 25.536247, "volume": 2376942, "typical_volume": 3517997.65, "trend": 26.019725, "fair_value": 22.914989, "relative_strength": -1.984065, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.156533, "energy": 8.334482, "activity_lines": [ 25.927275, 26.049889, 26.136207, 26.065435 ] }, { "date": "2025-05-30", "close": 26.036033, "volume": 2083714, "typical_volume": 3521147.2, "trend": 26.048753, "fair_value": 22.940373, "relative_strength": -1.899573, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.642056, "energy": 7.89447, "activity_lines": [ 25.930418, 26.033818, 26.136146, 26.066487 ] }, { "date": "2025-06-06", "close": 25.828575, "volume": 2206479, "typical_volume": 3486685.85, "trend": 26.050025, "fair_value": 22.9685, "relative_strength": -4.348593, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.872245, "energy": 13.042621, "activity_lines": [ 25.870695, 25.982711, 26.108824, 26.052282 ] }, { "date": "2025-06-13", "close": 25.828575, "volume": 2290632, "typical_volume": 3527955.05, "trend": 26.046087, "fair_value": 23.001524, "relative_strength": -4.107922, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.571094, "energy": 19.647583, "activity_lines": [ 25.842405, 25.94602, 26.080753, 26.037995 ] }, { "date": "2025-06-20", "close": 25.762566, "volume": 6676837, "typical_volume": 3746902.85, "trend": 26.00838, "fair_value": 23.027166, "relative_strength": -4.299781, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.920323, "energy": 10.711635, "activity_lines": [ 25.814745, 25.902471, 26.046002, 26.019703 ] }, { "date": "2025-06-27", "close": 25.555107, "volume": 3800546, "typical_volume": 3854775.7, "trend": 25.949661, "fair_value": 23.048801, "relative_strength": -8.249551, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.934981, "energy": 14.641804, "activity_lines": [ 25.733647, 25.817602, 25.990482, 25.99046 ] }, { "date": "2025-07-04", "close": 25.968668, "volume": 2409118, "typical_volume": 3857454.45, "trend": 25.921276, "fair_value": 23.072461, "relative_strength": -8.337527, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.627679, "energy": 11.119839, "activity_lines": [ 25.789146, 25.827471, 25.976455, 25.991686 ] }, { "date": "2025-07-11", "close": 25.395408, "volume": 2721672, "typical_volume": 3842733.25, "trend": 25.887268, "fair_value": 23.089523, "relative_strength": -10.050152, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -28.77856, "energy": 21.795955, "activity_lines": [ 25.658049, 25.736051, 25.907303, 25.957759 ] }, { "date": "2025-07-18", "close": 25.166104, "volume": 2832131, "typical_volume": 3702964.95, "trend": 25.893735, "fair_value": 23.104019, "relative_strength": -11.240163, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -32.868, "energy": 32.865183, "activity_lines": [ 25.479396, 25.619387, 25.819445, 25.911232 ] }, { "date": "2025-07-25", "close": 25.309419, "volume": 2757777, "typical_volume": 3620506.75, "trend": 25.89609, "fair_value": 23.113692, "relative_strength": -11.815348, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.247259, "energy": 43.872184, "activity_lines": [ 25.392679, 25.546998, 25.75292, 25.873534 ] }, { "date": "2025-08-01", "close": 24.353986, "volume": 3940419, "typical_volume": 3504753.5, "trend": 25.864598, "fair_value": 23.120529, "relative_strength": -12.74028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.266909, "energy": 66.491627, "activity_lines": [ 25.017693, 25.313419, 25.604887, 25.774044 ] }, { "date": "2025-08-08", "close": 24.545073, "volume": 3316426, "typical_volume": 3351770.3, "trend": 25.867419, "fair_value": 23.125982, "relative_strength": -13.893727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.179889, "energy": 66.97676, "activity_lines": [ 24.786479, 25.136079, 25.483234, 25.688913 ] }, { "date": "2025-08-15", "close": 24.29666, "volume": 2587882, "typical_volume": 3329676.3, "trend": 25.821596, "fair_value": 23.133077, "relative_strength": -15.347412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.143914, "energy": 73.394222, "activity_lines": [ 24.567366, 24.940681, 25.345725, 25.587574 ] }, { "date": "2025-08-22", "close": 24.889029, "volume": 2041039, "typical_volume": 3127790.15, "trend": 25.793035, "fair_value": 23.147311, "relative_strength": -13.294691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.816068, "energy": 65.663262, "activity_lines": [ 24.61896, 24.880839, 25.275702, 25.527408 ] }, { "date": "2025-08-29", "close": 24.736159, "volume": 2158244, "typical_volume": 2912418.75, "trend": 25.765899, "fair_value": 23.168133, "relative_strength": -13.496128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.39553, "energy": 49.560607, "activity_lines": [ 24.638068, 24.810286, 25.196942, 25.459223 ] }, { "date": "2025-09-05", "close": 24.946355, "volume": 2455405, "typical_volume": 2904256.15, "trend": 25.730865, "fair_value": 23.18905, "relative_strength": -12.634674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.177205, "energy": 34.03227, "activity_lines": [ 24.765459, 24.796612, 25.142145, 25.406349 ] }, { "date": "2025-09-12", "close": 24.315769, "volume": 2839894, "typical_volume": 2895325.85, "trend": 25.679469, "fair_value": 23.205246, "relative_strength": -15.690783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.89817, "energy": 35.685241, "activity_lines": [ 24.643164, 24.679355, 25.03531, 25.315052 ] }, { "date": "2025-09-19", "close": 24.143791, "volume": 4751165, "typical_volume": 2979232.1, "trend": 25.615821, "fair_value": 23.225559, "relative_strength": -16.878377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.296973, "energy": 40.472129, "activity_lines": [ 24.47883, 24.560881, 24.920737, 25.215976 ] }, { "date": "2025-09-26", "close": 23.360336, "volume": 3857206, "typical_volume": 3031511.75, "trend": 25.501839, "fair_value": 23.247271, "relative_strength": -18.909099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.466874, "energy": 60.454181, "activity_lines": [ 24.063535, 24.322718, 24.741817, 25.070461 ] }, { "date": "2025-10-03", "close": 23.516036, "volume": 3642757, "typical_volume": 3087314.25, "trend": 25.375659, "fair_value": 23.275909, "relative_strength": -18.864085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.688678, "energy": 73.64871, "activity_lines": [ 23.802053, 24.145695, 24.591096, 24.942345 ] }, { "date": "2025-10-10", "close": 23.167076, "volume": 2977226, "typical_volume": 3117328.45, "trend": 25.278832, "fair_value": 23.301251, "relative_strength": -17.701801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.358762, "energy": 80.758314, "activity_lines": [ 23.505592, 23.937833, 24.41896, 24.799856 ] }, { "date": "2025-10-17", "close": 23.651743, "volume": 2396249, "typical_volume": 3132955.2, "trend": 25.194435, "fair_value": 23.327372, "relative_strength": -16.98367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.634944, "energy": 73.841273, "activity_lines": [ 23.489306, 23.839672, 24.304266, 24.694882 ] }, { "date": "2025-10-24", "close": 23.719596, "volume": 2115057, "typical_volume": 3128384.1, "trend": 25.097707, "fair_value": 23.345088, "relative_strength": -17.94512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.414258, "energy": 57.578867, "activity_lines": [ 23.539906, 23.77009, 24.207387, 24.599731 ] }, { "date": "2025-10-31", "close": 22.915049, "volume": 3416978, "typical_volume": 3184701.4, "trend": 24.99116, "fair_value": 23.351667, "relative_strength": -20.895128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.380059, "energy": 56.705491, "activity_lines": [ 23.350603, 23.564719, 24.043928, 24.458915 ] }, { "date": "2025-11-07", "close": 23.428796, "volume": 2732617, "typical_volume": 2987490.4, "trend": 24.919968, "fair_value": 23.359368, "relative_strength": -17.459003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.90534, "energy": 44.485675, "activity_lines": [ 23.362235, 23.488648, 23.943271, 24.358117 ] }, { "date": "2025-11-14", "close": 23.467569, "volume": 3152174, "typical_volume": 2955071.8, "trend": 24.81455, "fair_value": 23.366365, "relative_strength": -17.067016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.221029, "energy": 40.757267, "activity_lines": [ 23.392607, 23.443396, 23.857419, 24.264414 ] }, { "date": "2025-11-21", "close": 23.273703, "volume": 3530816, "typical_volume": 3011156.7, "trend": 24.719329, "fair_value": 23.372014, "relative_strength": -15.742323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.465599, "energy": 42.296374, "activity_lines": [ 23.338325, 23.389782, 23.763045, 24.165004 ] }, { "date": "2025-11-28", "close": 23.302783, "volume": 2849862, "typical_volume": 3017566.2, "trend": 24.619419, "fair_value": 23.378643, "relative_strength": -18.20192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.859193, "energy": 36.832184, "activity_lines": [ 23.318938, 23.360403, 23.684274, 24.073614 ] }, { "date": "2025-12-05", "close": 22.372222, "volume": 2936117, "typical_volume": 3022765.5, "trend": 24.492892, "fair_value": 23.379571, "relative_strength": -21.294926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.876399, "energy": 49.824521, "activity_lines": [ 23.017152, 23.177122, 23.526842, 23.928634 ] }, { "date": "2025-12-12", "close": 22.352836, "volume": 4570405, "typical_volume": 3113396.9, "trend": 24.371376, "fair_value": 23.384821, "relative_strength": -20.487052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.702412, "energy": 64.835855, "activity_lines": [ 22.745093, 23.008282, 23.380869, 23.790566 ] }, { "date": "2025-12-19", "close": 22.566089, "volume": 5702719, "typical_volume": 3201511.9, "trend": 24.27237, "fair_value": 23.387839, "relative_strength": -19.466494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.124465, "energy": 63.000973, "activity_lines": [ 22.615848, 22.899364, 23.269284, 23.674096 ] }, { "date": "2025-12-26", "close": 22.711489, "volume": 4059338, "typical_volume": 3238657.5, "trend": 24.161552, "fair_value": 23.394379, "relative_strength": -19.71334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.055007, "energy": 65.528366, "activity_lines": [ 22.595169, 22.827809, 23.180061, 23.573393 ] }, { "date": "2026-01-02", "close": 22.88535, "volume": 3186686, "typical_volume": 3268597.7, "trend": 24.063445, "fair_value": 23.397476, "relative_strength": -17.877853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.985016, "energy": 45.066968, "activity_lines": [ 22.669924, 22.804961, 23.116127, 23.491058 ] }, { "date": "2026-01-09", "close": 23.594362, "volume": 4774592, "typical_volume": 3405275.35, "trend": 23.988971, "fair_value": 23.397342, "relative_strength": -16.322553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.351083, "energy": 22.057756, "activity_lines": [ 23.008846, 22.926193, 23.126439, 23.460794 ] }, { "date": "2026-01-16", "close": 24.421544, "volume": 6361071, "typical_volume": 3615416.7, "trend": 23.94427, "fair_value": 23.402457, "relative_strength": -12.750426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.990283, "energy": 13.314369, "activity_lines": [ 23.542019, 23.18547, 23.221695, 23.488702 ] }, { "date": "2026-01-23", "close": 24.05719, "volume": 3225047, "typical_volume": 3653898.8, "trend": 23.89434, "fair_value": 23.403574, "relative_strength": -13.4225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.233441, "energy": 21.6902, "activity_lines": [ 23.815827, 23.360451, 23.283749, 23.495988 ] }, { "date": "2026-01-30", "close": 24.273833, "volume": 4038869, "typical_volume": 3713847.55, "trend": 23.837845, "fair_value": 23.404471, "relative_strength": -12.660762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.666931, "energy": 36.72582, "activity_lines": [ 24.062442, 23.564101, 23.370669, 23.520471 ] }, { "date": "2026-02-06", "close": 24.953303, "volume": 3175945, "typical_volume": 3635086.55, "trend": 23.823108, "fair_value": 23.411064, "relative_strength": -9.709821, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.292736, "energy": 59.484473, "activity_lines": [ 24.431391, 23.873107, 23.522501, 23.592436 ] }, { "date": "2026-02-13", "close": 23.998105, "volume": 5656377, "typical_volume": 3725045.1, "trend": 23.784175, "fair_value": 23.412392, "relative_strength": -11.709343, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.845984, "energy": 46.432636, "activity_lines": [ 24.344077, 23.978431, 23.579507, 23.603726 ] }, { "date": "2026-02-20", "close": 24.874524, "volume": 4526354, "typical_volume": 3769224.95, "trend": 23.769679, "fair_value": 23.423414, "relative_strength": -9.160204, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.181169, "energy": 50.629694, "activity_lines": [ 24.521987, 24.213543, 23.716944, 23.674071 ] }, { "date": "2026-02-27", "close": 25.130556, "volume": 3687509, "typical_volume": 3804739.1, "trend": 23.795564, "fair_value": 23.436237, "relative_strength": -7.362918, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.327763, "energy": 48.727402, "activity_lines": [ 24.755042, 24.449357, 23.872296, 23.76187 ] }, { "date": "2026-03-06", "close": 25.288114, "volume": 2901013, "typical_volume": 3829977.3, "trend": 23.820332, "fair_value": 23.458919, "relative_strength": -4.414151, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.680483, "energy": 56.571847, "activity_lines": [ 24.969059, 24.667191, 24.033304, 23.858163 ] }, { "date": "2026-03-13", "close": 25.248725, "volume": 3975594, "typical_volume": 3923004.15, "trend": 23.852068, "fair_value": 23.478184, "relative_strength": -2.693221, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.734191, "energy": 64.857973, "activity_lines": [ 25.102327, 24.831016, 24.182768, 23.950318 ] }, { "date": "2026-03-20", "close": 23.889784, "volume": 4272892, "typical_volume": 3965799.85, "trend": 23.81876, "fair_value": 23.491634, "relative_strength": -5.775629, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.394482, "energy": 36.670707, "activity_lines": [ 24.76292, 24.70479, 24.195528, 23.952751 ] }, { "date": "2026-03-27", "close": 23.348177, "volume": 2889557, "typical_volume": 3973646.85, "trend": 23.772493, "fair_value": 23.495414, "relative_strength": -5.266541, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.257314, "energy": 12.820938, "activity_lines": [ 24.250199, 24.474719, 24.152064, 23.922391 ] }, { "date": "2026-04-03", "close": 23.75, "volume": 2072440, "typical_volume": 3919660.15, "trend": 23.732615, "fair_value": 23.504649, "relative_strength": -6.084448, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.212843, "energy": 19.112471, "activity_lines": [ 23.973175, 24.337223, 24.147254, 23.92094 ] }, { "date": "2026-04-10", "close": 25.14, "volume": 5702612, "typical_volume": 4028249.95, "trend": 23.760089, "fair_value": 23.525781, "relative_strength": -3.495194, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.018071, "energy": 25.241068, "activity_lines": [ 24.251522, 24.458039, 24.273479, 24.011739 ] }, { "date": "2026-04-17", "close": 25.65, "volume": 3307024, "typical_volume": 4051108.05, "trend": 23.810296, "fair_value": 23.550454, "relative_strength": -5.074792, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.451073, "energy": 28.461974, "activity_lines": [ 24.709743, 24.655834, 24.439389, 24.133668 ] }, { "date": "2026-04-24", "close": 25.43, "volume": 3115224, "typical_volume": 4060063.4, "trend": 23.879285, "fair_value": 23.574911, "relative_strength": -5.800506, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 57.227448, "energy": 47.253025, "activity_lines": [ 25.067878, 24.800961, 24.573169, 24.238165 ] }, { "date": "2026-05-01", "close": 24.996829, "volume": 3667838, "typical_volume": 4014935.05, "trend": 23.928645, "fair_value": 23.593116, "relative_strength": -7.69215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.319375, "energy": 53.859151, "activity_lines": [ 25.178943, 24.841296, 24.651133, 24.310265 ] }, { "date": "2026-05-08", "close": 24.799771, "volume": 2617291, "typical_volume": 3860663.65, "trend": 23.983068, "fair_value": 23.611687, "relative_strength": -9.914533, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.826537, "energy": 48.422137, "activity_lines": [ 25.114411, 24.843578, 24.69774, 24.366467 ] }, { "date": "2026-05-15", "close": 24.110068, "volume": 4275302, "typical_volume": 3871461.85, "trend": 23.998346, "fair_value": 23.626651, "relative_strength": -12.076301, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.279781, "energy": 20.792002, "activity_lines": [ 24.749994, 24.726474, 24.668024, 24.37466 ] }, { "date": "2026-05-22", "close": 24.691389, "volume": 4275549, "typical_volume": 3925905.0, "trend": 24.030739, "fair_value": 23.64594, "relative_strength": -10.202964, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.109652, "energy": 14.702728, "activity_lines": [ 24.648013, 24.736484, 24.687013, 24.419373 ] }, { "date": "2026-05-29", "close": 24.533743, "volume": 2834346, "typical_volume": 3828892.7, "trend": 24.084695, "fair_value": 23.660633, "relative_strength": -11.489406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.342995, "energy": 15.832415, "activity_lines": [ 24.55739, 24.727964, 24.682387, 24.451825 ] }, { "date": "2026-06-05", "close": 24.336685, "volume": 3938048, "typical_volume": 3707741.55, "trend": 24.114958, "fair_value": 23.673628, "relative_strength": -9.442721, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.896281, "energy": 13.901488, "activity_lines": [ 24.460831, 24.671907, 24.654521, 24.468082 ] }, { "date": "2026-06-12", "close": 24.8983, "volume": 4220808, "typical_volume": 3757529.6, "trend": 24.162649, "fair_value": 23.688812, "relative_strength": -7.379258, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.988465, "energy": 12.55663, "activity_lines": [ 24.595488, 24.699989, 24.680545, 24.51862 ] }, { "date": "2026-06-19", "close": 24.129773, "volume": 3901771, "typical_volume": 3750674.7, "trend": 24.191185, "fair_value": 23.707922, "relative_strength": -10.519246, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.206316, "energy": 5.597374, "activity_lines": [ 24.4674, 24.567461, 24.629372, 24.516499 ] }, { "date": "2026-06-26", "close": 25.084004, "volume": 6615689, "typical_volume": 3922661.9, "trend": 24.250559, "fair_value": 23.728918, "relative_strength": -4.32808, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.320723, "energy": 14.699353, "activity_lines": [ 24.656075, 24.626797, 24.669763, 24.5741 ] }, { "date": "2026-07-03", "close": 24.990708, "volume": 3881278, "typical_volume": 3833906.95, "trend": 24.337842, "fair_value": 23.749646, "relative_strength": -6.282182, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.285258, "energy": 18.06294, "activity_lines": [ 24.787477, 24.679461, 24.700647, 24.621852 ] }, { "date": "2026-07-10", "close": 24.841421, "volume": 3658715, "typical_volume": 3790525.0, "trend": 24.420795, "fair_value": 23.76595, "relative_strength": -7.687015, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.096663, "energy": 20.657118, "activity_lines": [ 24.838653, 24.712969, 24.712587, 24.654341 ] }, { "date": "2026-07-17", "close": 26.204912, "volume": 3218008, "typical_volume": 3767049.95, "trend": 24.542089, "fair_value": 23.785326, "relative_strength": -0.809566, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.207266, "energy": 54.918841, "activity_lines": [ 25.310677, 24.99721, 24.85454, 24.769445 ] }, { "date": "2026-07-24", "close": 25.946148, "volume": 3623878, "typical_volume": 3803193.2, "trend": 24.649911, "fair_value": 23.8075, "relative_strength": -0.938777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.977124, "energy": 60.857333, "activity_lines": [ 25.609338, 25.208855, 24.966733, 24.86003 ] }, { "date": "2026-07-31", "close": 25.6, "volume": 4072642, "typical_volume": 3808045.6, "trend": 24.740399, "fair_value": 23.830758, "relative_strength": -3.039446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.528088, "energy": 57.714215, "activity_lines": [ 25.671525, 25.324181, 25.042826, 24.921326 ] }, { "date": "2026-08-07", "close": 25.1, "volume": 4169572, "typical_volume": 3802879.6, "trend": 24.790587, "fair_value": 23.84883, "relative_strength": -7.832667, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.296372, "energy": 50.150084, "activity_lines": [ 25.532646, 25.332077, 25.069628, 24.944526 ] } ], "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." } } }