{ "ticker": { "uuid": "65d226b2-94c9-421a-8f6a-c6376d5ef6ad", "symbol": "EBO", "name": "EBOS Group Limited", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.84, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -2.934, "architecture_energy": 17.22, "architecture_maturity": 15.991, "architecture_confidence": 60.568, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 57.63, "rotation_up": 41.73, "upward_expansion": 35.65, "deceleration": 39.4, "rotation_down": 15.72, "downward_expansion": 41.65 }, "activity_lines": [ 22.023334, 21.734, 21.389619, 21.640359 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 21.74, "trend_reference": 22.28952, "distance_from_trend": -0.024654, "trend_direction": "Weakening", "fair_value": 31.210691, "distance_from_fair_value": -0.303444, "fair_value_direction": "Improving", "relative_strength": -16.81553, "relative_strength_direction": "Improving", "price_momentum": -0.130166, "excess_performance": -0.15844, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.024654, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.082908, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.303444, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.03466, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.168155, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.104824, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.130166, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.546892, "read": "Supply-led" } ], "volume": { "latest": 965113, "relative_activity": 1.156742, "balance": 0.546892, "dry_up": 0.988983, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.050456, "annualized_volatility": 0.217464, "from_high_reference": -0.452832, "from_low_reference": 0.119464 }, "levels": { "trend_reference": 22.28952, "fair_value_reference": 31.210691, "structural_low": 19.42, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.006639, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": -0.010334, "regime_survival": 0.538462, "best_return": 0.078596, "worst_return": -0.148837, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.034175, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.052648, "regime_survival": 0.428571, "best_return": 0.085486, "worst_return": -0.198835, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.088203, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.011939, "regime_survival": 0.2, "best_return": 0.169756, "worst_return": -0.251178, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.049214, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.100283, "regime_survival": 0.0, "best_return": 0.052693, "worst_return": -0.434924, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-06-02", "end": "2023-06-16", "tenure": "New", "return": -0.117222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-06-23", "end": "2023-11-24", "tenure": "Established", "return": -0.03395, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-01", "end": "2024-04-12", "tenure": "Established", "return": -0.055284, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-05-10", "tenure": "New", "return": 0.004612, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-06-07", "tenure": "New", "return": -0.04931, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2024-08-02", "tenure": "Developing", "return": 0.129629, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-09", "end": "2024-09-20", "tenure": "Developing", "return": 0.050663, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-03-14", "tenure": "Established", "return": 0.065782, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-06-20", "tenure": "Established", "return": -0.001344, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.052659, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.006281, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": -0.081305, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2026-07-17", "tenure": "Extended", "return": -0.222057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.011818, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 31.086321, "volume": 1228852, "typical_volume": 1229244.75, "trend": 37.313009, "fair_value": 31.499967, "relative_strength": -14.485983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.004964, "energy": 64.221833, "activity_lines": [ 32.569787, 33.075079, 34.354536, 35.767723 ] }, { "date": "2023-08-25", "close": 32.39843, "volume": 1695784, "typical_volume": 1282446.7, "trend": 37.054816, "fair_value": 31.585049, "relative_strength": -9.718969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.952005, "energy": 56.523898, "activity_lines": [ 32.331329, 32.925076, 34.013026, 35.450654 ] }, { "date": "2023-09-01", "close": 33.827374, "volume": 1641287, "typical_volume": 1336850.6, "trend": 36.898408, "fair_value": 31.674462, "relative_strength": -6.233138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.915533, "energy": 50.654557, "activity_lines": [ 32.686018, 33.043868, 33.848434, 35.242432 ] }, { "date": "2023-09-08", "close": 33.127235, "volume": 1172010, "typical_volume": 1357186.25, "trend": 36.687295, "fair_value": 31.759439, "relative_strength": -6.622531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.475772, "energy": 49.895809, "activity_lines": [ 32.844473, 33.021636, 33.647161, 34.99913 ] }, { "date": "2023-09-15", "close": 32.086594, "volume": 1069336, "typical_volume": 1374140.25, "trend": 36.485881, "fair_value": 31.837481, "relative_strength": -9.535005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.017684, "energy": 45.740428, "activity_lines": [ 32.687148, 32.808384, 33.383752, 34.702311 ] }, { "date": "2023-09-22", "close": 31.730579, "volume": 833173, "typical_volume": 1373944.7, "trend": 36.208682, "fair_value": 31.912975, "relative_strength": -10.644403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.444172, "energy": 46.144561, "activity_lines": [ 32.428944, 32.560582, 33.123227, 34.395517 ] }, { "date": "2023-09-29", "close": 31.219387, "volume": 483754, "typical_volume": 1314842.1, "trend": 35.946201, "fair_value": 31.982493, "relative_strength": -11.352517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.667011, "energy": 56.534719, "activity_lines": [ 31.957392, 32.259757, 32.852033, 34.073627 ] }, { "date": "2023-10-06", "close": 32.040947, "volume": 365945, "typical_volume": 1305230.9, "trend": 35.653887, "fair_value": 32.054256, "relative_strength": -8.885795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.700576, "energy": 50.418001, "activity_lines": [ 31.838296, 32.161608, 32.699148, 33.821675 ] }, { "date": "2023-10-13", "close": 31.557135, "volume": 514303, "typical_volume": 1279999.85, "trend": 35.333764, "fair_value": 32.111908, "relative_strength": -9.994398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.317243, "energy": 49.787051, "activity_lines": [ 31.677025, 32.018103, 32.531631, 33.557369 ] }, { "date": "2023-10-20", "close": 31.146355, "volume": 865789, "typical_volume": 1143136.65, "trend": 35.020318, "fair_value": 32.171567, "relative_strength": -8.897824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.522211, "energy": 49.803894, "activity_lines": [ 31.483501, 31.836941, 32.356516, 33.287213 ] }, { "date": "2023-10-27", "close": 31.392824, "volume": 559598, "typical_volume": 1037537.45, "trend": 34.673748, "fair_value": 32.233832, "relative_strength": -6.226427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.55278, "energy": 42.939676, "activity_lines": [ 31.434815, 31.722539, 32.233988, 33.053181 ] }, { "date": "2023-11-03", "close": 33.848381, "volume": 749762, "typical_volume": 979561.2, "trend": 34.43629, "fair_value": 32.312108, "relative_strength": -2.127254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.620971, "energy": 18.725831, "activity_lines": [ 32.227166, 32.049029, 32.349256, 32.999932 ] }, { "date": "2023-11-10", "close": 33.957932, "volume": 461307, "typical_volume": 957623.1, "trend": 34.230644, "fair_value": 32.393946, "relative_strength": -1.923665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.322308, "energy": 12.327455, "activity_lines": [ 32.880767, 32.369074, 32.470407, 32.96907 ] }, { "date": "2023-11-17", "close": 35.235912, "volume": 258991, "typical_volume": 926113.0, "trend": 34.042133, "fair_value": 32.484894, "relative_strength": 1.447895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.390968, "energy": 24.891941, "activity_lines": [ 33.832562, 32.919106, 32.709054, 33.033926 ] }, { "date": "2023-11-24", "close": 31.949663, "volume": 442835, "typical_volume": 902742.2, "trend": 33.78003, "fair_value": 32.554345, "relative_strength": -8.082935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.967315, "energy": 23.528352, "activity_lines": [ 33.44369, 32.833298, 32.624208, 32.898928 ] }, { "date": "2023-12-01", "close": 34.167881, "volume": 2386318, "typical_volume": 966334.95, "trend": 33.595162, "fair_value": 32.638447, "relative_strength": -2.943361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.967346, "energy": 23.639286, "activity_lines": [ 33.740669, 33.153293, 32.759178, 32.923951 ] }, { "date": "2023-12-08", "close": 34.259167, "volume": 701994, "typical_volume": 939876.4, "trend": 33.416033, "fair_value": 32.716657, "relative_strength": -3.630281, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.29976, "energy": 30.377187, "activity_lines": [ 33.883074, 33.44557, 32.90169, 32.96679 ] }, { "date": "2023-12-15", "close": 31.785351, "volume": 836856, "typical_volume": 956919.3, "trend": 33.187396, "fair_value": 32.769187, "relative_strength": -10.72554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.477291, "energy": 9.623089, "activity_lines": [ 33.173487, 33.232794, 32.808086, 32.861584 ] }, { "date": "2023-12-22", "close": 32.533886, "volume": 409811, "typical_volume": 944513.15, "trend": 32.999288, "fair_value": 32.825544, "relative_strength": -8.986865, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.848323, "energy": 6.234663, "activity_lines": [ 32.858251, 33.160762, 32.798148, 32.819422 ] }, { "date": "2023-12-29", "close": 32.406082, "volume": 104906, "typical_volume": 839130.55, "trend": 32.837476, "fair_value": 32.878384, "relative_strength": -10.02987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.107221, "energy": 13.166676, "activity_lines": [ 32.680548, 33.047735, 32.781085, 32.781151 ] }, { "date": "2024-01-05", "close": 33.492374, "volume": 153265, "typical_volume": 785351.2, "trend": 32.879932, "fair_value": 32.938187, "relative_strength": -6.480006, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.331206, "energy": 9.083403, "activity_lines": [ 32.834515, 33.10931, 32.867228, 32.823403 ] }, { "date": "2024-01-12", "close": 32.862507, "volume": 286394, "typical_volume": 714881.7, "trend": 32.878925, "fair_value": 32.992818, "relative_strength": -8.702074, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.711801, "energy": 3.797203, "activity_lines": [ 32.82356, 33.018191, 32.881927, 32.822278 ] }, { "date": "2024-01-19", "close": 32.424343, "volume": 273206, "typical_volume": 646477.65, "trend": 32.857321, "fair_value": 33.045235, "relative_strength": -8.116516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.361492, "energy": 5.346781, "activity_lines": [ 32.759661, 32.865331, 32.852685, 32.792951 ] }, { "date": "2024-01-26", "close": 32.999439, "volume": 379740, "typical_volume": 606864.15, "trend": 32.856385, "fair_value": 33.10231, "relative_strength": -7.806191, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.626096, "energy": 3.777713, "activity_lines": [ 32.844861, 32.844916, 32.884896, 32.802119 ] }, { "date": "2024-02-02", "close": 33.775356, "volume": 565852, "typical_volume": 581689.95, "trend": 32.857346, "fair_value": 33.160149, "relative_strength": -5.886413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.301134, "energy": 20.666966, "activity_lines": [ 33.157664, 33.006241, 32.991612, 32.861408 ] }, { "date": "2024-02-09", "close": 33.22765, "volume": 386891, "typical_volume": 559375.85, "trend": 32.83406, "fair_value": 33.212858, "relative_strength": -6.617468, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.305865, "energy": 19.241294, "activity_lines": [ 33.196612, 33.034789, 33.038124, 32.885298 ] }, { "date": "2024-02-16", "close": 34.103985, "volume": 492503, "typical_volume": 559813.3, "trend": 32.832496, "fair_value": 33.274422, "relative_strength": -2.878958, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.73794, "energy": 40.250395, "activity_lines": [ 33.545321, 33.239765, 33.160967, 32.967229 ] }, { "date": "2024-02-23", "close": 32.78035, "volume": 504413, "typical_volume": 566736.7, "trend": 32.779022, "fair_value": 33.33101, "relative_strength": -6.270258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.574698, "energy": 32.233582, "activity_lines": [ 33.370053, 33.206902, 33.144014, 32.963865 ] }, { "date": "2024-03-01", "close": 34.170593, "volume": 1299456, "typical_volume": 605994.35, "trend": 32.798251, "fair_value": 33.395462, "relative_strength": -2.257426, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.590987, "energy": 39.362951, "activity_lines": [ 33.634465, 33.408719, 33.255944, 33.053644 ] }, { "date": "2024-03-08", "close": 34.216961, "volume": 1276213, "typical_volume": 626515.55, "trend": 32.860366, "fair_value": 33.458129, "relative_strength": -3.215173, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.323872, "energy": 44.46965, "activity_lines": [ 33.836256, 33.589209, 33.359845, 33.145173 ] }, { "date": "2024-03-15", "close": 34.866058, "volume": 1206461, "typical_volume": 658858.7, "trend": 32.986358, "fair_value": 33.521123, "relative_strength": 0.290497, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.675807, "energy": 51.705248, "activity_lines": [ 34.224973, 33.854791, 33.510943, 33.274573 ] }, { "date": "2024-03-22", "close": 33.011482, "volume": 998162, "typical_volume": 671278.7, "trend": 33.006793, "fair_value": 33.571132, "relative_strength": -6.266895, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.878305, "energy": 35.093513, "activity_lines": [ 33.886271, 33.758202, 33.468875, 33.276194 ] }, { "date": "2024-03-29", "close": 31.75964, "volume": 1491974, "typical_volume": 722812.05, "trend": 32.937868, "fair_value": 33.612569, "relative_strength": -10.240902, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 7.865125, "energy": 5.18734, "activity_lines": [ 33.203121, 33.431296, 33.31157, 33.195732 ] }, { "date": "2024-04-05", "close": 32.130562, "volume": 787344, "typical_volume": 749229.7, "trend": 32.904646, "fair_value": 33.655288, "relative_strength": -8.019037, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.047948, "energy": 16.947482, "activity_lines": [ 32.71166, 33.183916, 33.200058, 33.143648 ] }, { "date": "2024-04-12", "close": 32.278927, "volume": 813249, "typical_volume": 767750.4, "trend": 32.911057, "fair_value": 33.696329, "relative_strength": -6.552219, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.126824, "energy": 25.449516, "activity_lines": [ 32.405655, 32.979309, 33.117464, 33.103279 ] }, { "date": "2024-04-19", "close": 32.167652, "volume": 1260764, "typical_volume": 711472.7, "trend": 32.925626, "fair_value": 33.740382, "relative_strength": -5.366844, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.06818, "energy": 35.67473, "activity_lines": [ 32.191761, 32.781679, 33.022704, 33.055317 ] }, { "date": "2024-04-26", "close": 31.806007, "volume": 826931, "typical_volume": 717719.55, "trend": 32.94518, "fair_value": 33.781294, "relative_strength": -6.113931, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.153529, "energy": 45.913498, "activity_lines": [ 32.037213, 32.537567, 32.903027, 32.983084 ] }, { "date": "2024-05-03", "close": 33.382397, "volume": 921249, "typical_volume": 721939.2, "trend": 32.989895, "fair_value": 33.827601, "relative_strength": -2.201832, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.109822, "energy": 15.445818, "activity_lines": [ 32.488492, 32.621853, 32.945163, 33.011291 ] }, { "date": "2024-05-10", "close": 32.316017, "volume": 812311, "typical_volume": 742064.2, "trend": 33.015191, "fair_value": 33.86877, "relative_strength": -3.482409, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.942081, "energy": 24.741537, "activity_lines": [ 32.476128, 32.501306, 32.878135, 32.967815 ] }, { "date": "2024-05-17", "close": 32.909485, "volume": 1104488, "typical_volume": 792043.3, "trend": 33.073962, "fair_value": 33.8995, "relative_strength": -0.989971, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.027224, "energy": 15.119299, "activity_lines": [ 32.649223, 32.522381, 32.868665, 32.960996 ] }, { "date": "2024-05-24", "close": 32.918751, "volume": 1529077, "typical_volume": 860833.9, "trend": 33.124826, "fair_value": 33.932481, "relative_strength": -1.375345, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.728293, "energy": 16.67981, "activity_lines": [ 32.78337, 32.568914, 32.857681, 32.950982 ] }, { "date": "2024-05-31", "close": 30.6469, "volume": 15986615, "typical_volume": 1645844.95, "trend": 33.01811, "fair_value": 33.947065, "relative_strength": -8.486957, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.341164, "energy": 38.03917, "activity_lines": [ 32.110159, 32.237788, 32.633061, 32.791116 ] }, { "date": "2024-06-07", "close": 31.286728, "volume": 2225080, "typical_volume": 1743438.65, "trend": 32.92907, "fair_value": 33.966242, "relative_strength": -6.417082, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.804588, "energy": 44.778349, "activity_lines": [ 31.727499, 32.065987, 32.479928, 32.679414 ] }, { "date": "2024-06-14", "close": 30.044161, "volume": 1033083, "typical_volume": 1776105.8, "trend": 32.756012, "fair_value": 33.979975, "relative_strength": -10.040217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.578231, "energy": 65.863655, "activity_lines": [ 31.07036, 31.676863, 32.213872, 32.493291 ] }, { "date": "2024-06-21", "close": 30.034885, "volume": 2581987, "typical_volume": 1876912.55, "trend": 32.692186, "fair_value": 33.993921, "relative_strength": -8.508881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.099369, "energy": 72.125937, "activity_lines": [ 30.561587, 31.323987, 31.961005, 32.317734 ] }, { "date": "2024-06-28", "close": 29.877251, "volume": 683092, "typical_volume": 1891722.6, "trend": 32.549165, "fair_value": 34.010145, "relative_strength": -9.123295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.626622, "energy": 73.98922, "activity_lines": [ 30.191909, 30.983251, 31.710938, 32.136125 ] }, { "date": "2024-07-05", "close": 29.710337, "volume": 543227, "typical_volume": 1894258.8, "trend": 32.397537, "fair_value": 34.025298, "relative_strength": -10.040154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.457143, "energy": 74.271617, "activity_lines": [ 29.96936, 30.653811, 31.460928, 31.952975 ] }, { "date": "2024-07-12", "close": 31.509272, "volume": 1027192, "typical_volume": 1920397.75, "trend": 32.388335, "fair_value": 34.054393, "relative_strength": -7.122459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.506715, "energy": 45.990522, "activity_lines": [ 30.408893, 30.689553, 31.403168, 31.895668 ] }, { "date": "2024-07-19", "close": 32.260384, "volume": 666298, "typical_volume": 1888739.85, "trend": 32.379218, "fair_value": 34.089618, "relative_strength": -6.222569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.41673, "energy": 22.32458, "activity_lines": [ 31.08396, 30.895917, 31.422994, 31.887413 ] }, { "date": "2024-07-26", "close": 32.983665, "volume": 855827, "typical_volume": 1867720.55, "trend": 32.398471, "fair_value": 34.131122, "relative_strength": -4.168516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.081751, "energy": 15.673386, "activity_lines": [ 31.852373, 31.234799, 31.520801, 31.926409 ] }, { "date": "2024-08-02", "close": 33.93877, "volume": 890785, "typical_volume": 1851936.75, "trend": 32.41335, "fair_value": 34.173929, "relative_strength": -2.154588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 31.816824, "energy": 35.029176, "activity_lines": [ 32.74257, 31.745988, 31.715443, 32.025784 ] }, { "date": "2024-08-09", "close": 33.447311, "volume": 584776, "typical_volume": 1831267.45, "trend": 32.432844, "fair_value": 34.215776, "relative_strength": -1.919834, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.387367, "energy": 36.624487, "activity_lines": [ 33.198178, 32.149274, 31.867695, 32.092491 ] }, { "date": "2024-08-16", "close": 34.096413, "volume": 533764, "typical_volume": 1783356.95, "trend": 32.48858, "fair_value": 34.256799, "relative_strength": -3.821873, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.63624, "energy": 54.433589, "activity_lines": [ 33.621022, 32.619663, 32.079691, 32.199818 ] }, { "date": "2024-08-23", "close": 33.382397, "volume": 630774, "typical_volume": 1775528.45, "trend": 32.501345, "fair_value": 34.278893, "relative_strength": -4.243323, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.232326, "energy": 50.408725, "activity_lines": [ 33.633385, 32.909145, 32.212558, 32.257483 ] }, { "date": "2024-08-30", "close": 33.019188, "volume": 551132, "typical_volume": 1762422.6, "trend": 32.476139, "fair_value": 34.298001, "relative_strength": -4.472981, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.119429, "energy": 37.833813, "activity_lines": [ 33.449877, 33.071894, 32.304873, 32.290893 ] }, { "date": "2024-09-06", "close": 33.019188, "volume": 346875, "typical_volume": 1716728.15, "trend": 32.469191, "fair_value": 34.320911, "relative_strength": -5.545707, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.191344, "energy": 25.44701, "activity_lines": [ 33.264001, 33.180383, 32.393662, 32.325928 ] }, { "date": "2024-09-13", "close": 34.302223, "volume": 368405, "typical_volume": 1693801.85, "trend": 32.475799, "fair_value": 34.342498, "relative_strength": -3.431524, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.52908, "energy": 29.361924, "activity_lines": [ 33.567109, 33.465025, 32.600591, 32.444188 ] }, { "date": "2024-09-20", "close": 35.14185, "volume": 1170989, "typical_volume": 1706288.85, "trend": 32.554515, "fair_value": 34.371243, "relative_strength": 1.720748, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.317164, "energy": 51.785734, "activity_lines": [ 34.093099, 33.818837, 32.875597, 32.616191 ] }, { "date": "2024-09-27", "close": 33.821083, "volume": 540000, "typical_volume": 1692673.3, "trend": 32.542865, "fair_value": 34.388191, "relative_strength": -1.903382, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.942011, "energy": 43.898978, "activity_lines": [ 34.109137, 33.866463, 33.016437, 32.697905 ] }, { "date": "2024-10-04", "close": 34.811661, "volume": 424551, "typical_volume": 1658676.45, "trend": 32.562688, "fair_value": 34.419539, "relative_strength": -0.275001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.976159, "energy": 59.116836, "activity_lines": [ 34.426121, 34.065818, 33.244451, 32.844279 ] }, { "date": "2024-10-11", "close": 35.302227, "volume": 764955, "typical_volume": 1620470.35, "trend": 32.577227, "fair_value": 34.455141, "relative_strength": -0.609939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.411111, "energy": 63.481846, "activity_lines": [ 34.78713, 34.321131, 33.510128, 33.021024 ] }, { "date": "2024-10-18", "close": 34.387123, "volume": 557392, "typical_volume": 849009.2, "trend": 32.623082, "fair_value": 34.47977, "relative_strength": -2.91982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.416356, "energy": 40.83388, "activity_lines": [ 34.690901, 34.385271, 33.677302, 33.137791 ] }, { "date": "2024-10-25", "close": 35.236191, "volume": 563544, "typical_volume": 765932.4, "trend": 32.738967, "fair_value": 34.504401, "relative_strength": -0.00644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.49262, "energy": 46.942413, "activity_lines": [ 34.872036, 34.586699, 33.907529, 33.306379 ] }, { "date": "2024-11-01", "close": 33.830517, "volume": 377686, "typical_volume": 733162.55, "trend": 32.795632, "fair_value": 34.520521, "relative_strength": -2.133284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.853228, "energy": 34.098641, "activity_lines": [ 34.578322, 34.511827, 33.985076, 33.376802 ] }, { "date": "2024-11-08", "close": 35.189022, "volume": 355344, "typical_volume": 621830.4, "trend": 32.892635, "fair_value": 34.545406, "relative_strength": 0.319447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.56044, "energy": 34.184277, "activity_lines": [ 34.736815, 34.675808, 34.173974, 33.531214 ] }, { "date": "2024-11-15", "close": 34.811661, "volume": 1093551, "typical_volume": 642353.35, "trend": 32.980769, "fair_value": 34.567593, "relative_strength": 0.198543, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.868172, "energy": 32.523645, "activity_lines": [ 34.744363, 34.731727, 34.302389, 33.655022 ] }, { "date": "2024-11-22", "close": 35.377705, "volume": 500945, "typical_volume": 640239.25, "trend": 33.099825, "fair_value": 34.593964, "relative_strength": -0.864251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.482703, "energy": 34.795677, "activity_lines": [ 34.973297, 34.857972, 34.461215, 33.809663 ] }, { "date": "2024-11-29", "close": 35.849407, "volume": 663399, "typical_volume": 622049.6, "trend": 33.182059, "fair_value": 34.623415, "relative_strength": 0.450333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.937173, "energy": 46.818563, "activity_lines": [ 35.293427, 35.050427, 34.637979, 33.987055 ] }, { "date": "2024-12-06", "close": 35.14185, "volume": 382038, "typical_volume": 607836.6, "trend": 33.276254, "fair_value": 34.63495, "relative_strength": 0.613603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.521552, "energy": 39.024671, "activity_lines": [ 35.336822, 35.101371, 34.726688, 34.113494 ] }, { "date": "2024-12-13", "close": 34.943737, "volume": 428752, "typical_volume": 586482.85, "trend": 33.344062, "fair_value": 34.651212, "relative_strength": 0.489028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.943811, "energy": 33.629424, "activity_lines": [ 35.226758, 35.09228, 34.782809, 34.221073 ] }, { "date": "2024-12-20", "close": 34.528637, "volume": 714207, "typical_volume": 577653.95, "trend": 33.397725, "fair_value": 34.650045, "relative_strength": -1.774242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.018245, "energy": 23.268576, "activity_lines": [ 34.99468, 35.005315, 34.790062, 34.297497 ] }, { "date": "2024-12-27", "close": 35.802238, "volume": 90423, "typical_volume": 552936.3, "trend": 33.569569, "fair_value": 34.650825, "relative_strength": -0.443171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.477153, "energy": 29.612383, "activity_lines": [ 35.206004, 35.163979, 34.915802, 34.452627 ] }, { "date": "2025-01-03", "close": 35.226757, "volume": 86728, "typical_volume": 530584.5, "trend": 33.700904, "fair_value": 34.64625, "relative_strength": -0.905931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.733867, "energy": 24.521814, "activity_lines": [ 35.197198, 35.192281, 34.97552, 34.559543 ] }, { "date": "2025-01-10", "close": 34.387123, "volume": 237457, "typical_volume": 510918.65, "trend": 33.845669, "fair_value": 34.644621, "relative_strength": -1.906165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.199506, "energy": 14.2319, "activity_lines": [ 34.950025, 35.068094, 34.949891, 34.603815 ] }, { "date": "2025-01-17", "close": 34.839962, "volume": 230758, "typical_volume": 494899.95, "trend": 34.005838, "fair_value": 34.656164, "relative_strength": -2.301869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.570368, "energy": 16.012322, "activity_lines": [ 34.904112, 35.016121, 34.962604, 34.667963 ] }, { "date": "2025-01-24", "close": 35.132416, "volume": 246780, "typical_volume": 489895.2, "trend": 34.18101, "fair_value": 34.665419, "relative_strength": -0.624671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.493067, "energy": 13.800852, "activity_lines": [ 34.962603, 35.023668, 34.9945, 34.740645 ] }, { "date": "2025-01-31", "close": 37.736217, "volume": 494542, "typical_volume": 496202.05, "trend": 34.44854, "fair_value": 34.685258, "relative_strength": 6.928947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.732848, "energy": 46.771307, "activity_lines": [ 35.848776, 35.498801, 35.264314, 34.970013 ] }, { "date": "2025-02-07", "close": 39.198494, "volume": 851478, "typical_volume": 480226.5, "trend": 34.704847, "fair_value": 34.717801, "relative_strength": 11.683937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.375111, "energy": 79.694632, "activity_lines": [ 37.093442, 36.196921, 35.65704, 35.276462 ] }, { "date": "2025-02-14", "close": 39.434345, "volume": 764286, "typical_volume": 491440.8, "trend": 34.943979, "fair_value": 34.742697, "relative_strength": 11.503237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.738356, "energy": 86.509585, "activity_lines": [ 38.151943, 36.877031, 36.052911, 35.581591 ] }, { "date": "2025-02-21", "close": 36.792809, "volume": 1401017, "typical_volume": 540264.1, "trend": 35.070951, "fair_value": 34.759264, "relative_strength": 5.898356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.626661, "energy": 76.245259, "activity_lines": [ 37.99345, 36.998815, 36.170477, 35.70087 ] }, { "date": "2025-02-28", "close": 37.769215, "volume": 754456, "typical_volume": 539739.15, "trend": 35.198632, "fair_value": 34.782685, "relative_strength": 9.94464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.232082, "energy": 70.113712, "activity_lines": [ 38.030237, 37.264509, 36.3716, 35.874952 ] }, { "date": "2025-03-07", "close": 36.122494, "volume": 510297, "typical_volume": 537384.4, "trend": 35.287805, "fair_value": 34.806001, "relative_strength": 6.82824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.411492, "energy": 36.747867, "activity_lines": [ 37.342329, 37.171879, 36.404145, 35.934556 ] }, { "date": "2025-03-14", "close": 36.045906, "volume": 891782, "typical_volume": 553796.3, "trend": 35.352788, "fair_value": 34.826578, "relative_strength": 7.780764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.35118, "energy": 19.827722, "activity_lines": [ 36.736474, 37.059502, 36.421133, 35.983465 ] }, { "date": "2025-03-21", "close": 35.615074, "volume": 890645, "typical_volume": 579444.25, "trend": 35.427211, "fair_value": 34.83265, "relative_strength": 7.69509, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.098324, "energy": 18.191856, "activity_lines": [ 36.197181, 36.853897, 36.393233, 36.000387 ] }, { "date": "2025-03-28", "close": 36.275677, "volume": 399297, "typical_volume": 581641.9, "trend": 35.53576, "fair_value": 34.835596, "relative_strength": 7.890282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.330969, "energy": 21.115177, "activity_lines": [ 36.132707, 36.746076, 36.419749, 36.055127 ] }, { "date": "2025-04-04", "close": 37.242645, "volume": 303551, "typical_volume": 542141.9, "trend": 35.676542, "fair_value": 34.837212, "relative_strength": 11.039646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.997379, "energy": 19.181419, "activity_lines": [ 36.425031, 36.787963, 36.533183, 36.165248 ] }, { "date": "2025-04-11", "close": 34.561943, "volume": 1004870, "typical_volume": 567338.15, "trend": 35.6852, "fair_value": 34.822766, "relative_strength": 4.689645, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.61197, "energy": 10.204677, "activity_lines": [ 35.858892, 36.304083, 36.379736, 36.093339 ] }, { "date": "2025-04-18", "close": 35.270416, "volume": 494831, "typical_volume": 558909.75, "trend": 35.689485, "fair_value": 34.805839, "relative_strength": 5.819445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.762426, "energy": 13.886585, "activity_lines": [ 35.632948, 36.006729, 36.297648, 36.066579 ] }, { "date": "2025-04-25", "close": 34.954472, "volume": 276426, "typical_volume": 553629.15, "trend": 35.727265, "fair_value": 34.791663, "relative_strength": 5.595991, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.632798, "energy": 21.106921, "activity_lines": [ 35.353388, 35.723351, 36.188226, 36.019158 ] }, { "date": "2025-05-02", "close": 36.189514, "volume": 665273, "typical_volume": 565455.2, "trend": 35.773193, "fair_value": 34.788775, "relative_strength": 6.473855, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.59091, "energy": 19.79791, "activity_lines": [ 35.529549, 35.745978, 36.19732, 36.048981 ] }, { "date": "2025-05-09", "close": 37.242645, "volume": 412158, "typical_volume": 550352.75, "trend": 35.837874, "fair_value": 34.802808, "relative_strength": 7.009465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.761664, "energy": 14.930829, "activity_lines": [ 36.062498, 35.971052, 36.30078, 36.143784 ] }, { "date": "2025-05-16", "close": 37.836231, "volume": 700727, "typical_volume": 580867.95, "trend": 35.952844, "fair_value": 34.820589, "relative_strength": 7.061007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.706221, "energy": 26.819544, "activity_lines": [ 36.793309, 36.313626, 36.447848, 36.272711 ] }, { "date": "2025-05-23", "close": 36.965, "volume": 408754, "typical_volume": 596969.25, "trend": 36.010471, "fair_value": 34.833348, "relative_strength": 6.071884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.373392, "energy": 30.791068, "activity_lines": [ 37.015424, 36.466634, 36.502255, 36.338011 ] }, { "date": "2025-05-30", "close": 35.471466, "volume": 27706105, "typical_volume": 1970401.65, "trend": 36.065169, "fair_value": 34.833836, "relative_strength": 3.045756, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.827311, "energy": 19.305193, "activity_lines": [ 36.626722, 36.33138, 36.406145, 36.303236 ] }, { "date": "2025-06-06", "close": 36.045906, "volume": 3254370, "typical_volume": 2121582.25, "trend": 36.093732, "fair_value": 34.838344, "relative_strength": 3.344235, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.19219, "energy": 13.856204, "activity_lines": [ 36.395033, 36.303181, 36.359579, 36.301994 ] }, { "date": "2025-06-13", "close": 35.002346, "volume": 1651948, "typical_volume": 2191840.65, "trend": 36.100088, "fair_value": 34.842792, "relative_strength": 0.259225, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.17512, "energy": 19.706488, "activity_lines": [ 35.825066, 36.089422, 36.207884, 36.231582 ] }, { "date": "2025-06-20", "close": 35.567207, "volume": 1232528, "typical_volume": 2228739.95, "trend": 36.106405, "fair_value": 34.846534, "relative_strength": 1.564303, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.682893, "energy": 22.43706, "activity_lines": [ 35.592738, 36.019097, 36.110604, 36.197202 ] }, { "date": "2025-06-27", "close": 36.543747, "volume": 1003698, "typical_volume": 2236350.95, "trend": 36.12955, "fair_value": 34.868337, "relative_strength": 3.978043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.515276, "energy": 14.695223, "activity_lines": [ 35.837192, 36.108047, 36.116657, 36.225418 ] }, { "date": "2025-07-04", "close": 37.817085, "volume": 865154, "typical_volume": 2241394.35, "trend": 36.218724, "fair_value": 34.892626, "relative_strength": 5.735904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.201059, "energy": 21.770984, "activity_lines": [ 36.534175, 36.405362, 36.256622, 36.334291 ] }, { "date": "2025-07-11", "close": 38.468113, "volume": 845266, "typical_volume": 2213606.8, "trend": 36.336203, "fair_value": 34.92255, "relative_strength": 7.911049, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.376731, "energy": 46.575759, "activity_lines": [ 37.291794, 36.768998, 36.466291, 36.479413 ] }, { "date": "2025-07-18", "close": 38.104301, "volume": 757096, "typical_volume": 2213738.8, "trend": 36.455392, "fair_value": 34.949917, "relative_strength": 5.037738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.003012, "energy": 57.613145, "activity_lines": [ 37.766661, 37.025057, 36.633334, 36.593484 ] }, { "date": "2025-07-25", "close": 39.415932, "volume": 636518, "typical_volume": 2220049.85, "trend": 36.575849, "fair_value": 34.98114, "relative_strength": 8.587701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.516204, "energy": 72.540491, "activity_lines": [ 38.471941, 37.503929, 36.923698, 36.784486 ] }, { "date": "2025-08-01", "close": 38.276634, "volume": 447884, "typical_volume": 2197854.95, "trend": 36.677511, "fair_value": 35.006802, "relative_strength": 6.272929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.900356, "energy": 66.075919, "activity_lines": [ 38.540874, 37.746933, 37.089874, 36.894214 ] }, { "date": "2025-08-08", "close": 39.224453, "volume": 422541, "typical_volume": 2174449.75, "trend": 36.838756, "fair_value": 35.039158, "relative_strength": 7.69189, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.74331, "energy": 66.808148, "activity_lines": [ 38.810221, 38.13842, 37.335697, 37.058533 ] }, { "date": "2025-08-15", "close": 38.726608, "volume": 394356, "typical_volume": 2174202.7, "trend": 36.96831, "fair_value": 35.071075, "relative_strength": 5.722423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.34113, "energy": 54.756792, "activity_lines": [ 38.819795, 38.371154, 37.516918, 37.18033 ] }, { "date": "2025-08-22", "close": 38.343651, "volume": 477150, "typical_volume": 2182882.65, "trend": 37.075352, "fair_value": 35.100988, "relative_strength": 3.253394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.940949, "energy": 37.258182, "activity_lines": [ 38.684483, 38.485519, 37.649996, 37.269062 ] }, { "date": "2025-08-29", "close": 31.220634, "volume": 2732226, "typical_volume": 2269250.45, "trend": 36.858165, "fair_value": 35.081981, "relative_strength": -15.062736, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -25.34014, "energy": 22.979993, "activity_lines": [ 36.158876, 37.244039, 37.099448, 36.891338 ] }, { "date": "2025-09-05", "close": 30.09734, "volume": 1083523, "typical_volume": 2298685.05, "trend": 36.554794, "fair_value": 35.047341, "relative_strength": -19.746452, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.020742, "energy": 62.654952, "activity_lines": [ 33.805191, 35.877353, 36.457831, 36.455156 ] }, { "date": "2025-09-12", "close": 28.682255, "volume": 1453756, "typical_volume": 2357551.55, "trend": 36.196391, "fair_value": 35.014669, "relative_strength": -23.282423, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.170235, "energy": 90.637496, "activity_lines": [ 31.525096, 34.370585, 35.706078, 35.94725 ] }, { "date": "2025-09-19", "close": 29.140938, "volume": 2346130, "typical_volume": 2441594.4, "trend": 35.941328, "fair_value": 34.984938, "relative_strength": -21.750903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.320394, "energy": 91.224405, "activity_lines": [ 30.10071, 33.113303, 35.027876, 35.49206 ] }, { "date": "2025-09-26", "close": 29.277567, "volume": 947923, "typical_volume": 2468382.65, "trend": 35.658273, "fair_value": 34.958586, "relative_strength": -20.402804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.904499, "energy": 88.445656, "activity_lines": [ 29.360911, 32.050447, 34.396252, 35.06214 ] }, { "date": "2025-10-03", "close": 29.297085, "volume": 925987, "typical_volume": 2479645.65, "trend": 35.43076, "fair_value": 34.936969, "relative_strength": -22.407059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.867751, "energy": 87.419901, "activity_lines": [ 29.232024, 31.151626, 33.804415, 34.65174 ] }, { "date": "2025-10-10", "close": 28.867682, "volume": 708787, "typical_volume": 2494647.3, "trend": 35.191486, "fair_value": 34.914648, "relative_strength": -22.957833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.526561, "energy": 79.474795, "activity_lines": [ 29.088239, 30.35871, 33.212345, 34.228316 ] }, { "date": "2025-10-17", "close": 28.008873, "volume": 858657, "typical_volume": 1152274.9, "trend": 34.937946, "fair_value": 34.889383, "relative_strength": -23.946663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.244032, "energy": 66.828747, "activity_lines": [ 28.740161, 29.58072, 32.577043, 33.764922 ] }, { "date": "2025-10-24", "close": 27.716097, "volume": 1339757, "typical_volume": 1056544.25, "trend": 34.652626, "fair_value": 34.857518, "relative_strength": -24.958065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.086114, "energy": 66.097713, "activity_lines": [ 28.339384, 28.953417, 31.949393, 33.298996 ] }, { "date": "2025-10-31", "close": 28.204056, "volume": 995255, "typical_volume": 1023709.6, "trend": 34.35134, "fair_value": 34.823204, "relative_strength": -24.196857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.641961, "energy": 62.016085, "activity_lines": [ 28.196249, 28.615025, 31.407882, 32.882959 ] }, { "date": "2025-11-07", "close": 28.008873, "volume": 935563, "typical_volume": 1008861.35, "trend": 34.132904, "fair_value": 34.772615, "relative_strength": -24.63587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.83421, "energy": 60.812979, "activity_lines": [ 28.059621, 28.425501, 30.880154, 32.473768 ] }, { "date": "2025-11-14", "close": 28.125982, "volume": 775259, "typical_volume": 997439.4, "trend": 33.894756, "fair_value": 34.721354, "relative_strength": -23.209201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.119636, "energy": 56.902083, "activity_lines": [ 28.047909, 28.315666, 30.399572, 32.086224 ] }, { "date": "2025-11-21", "close": 28.428516, "volume": 808323, "typical_volume": 994597.85, "trend": 33.677225, "fair_value": 34.668504, "relative_strength": -21.794095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.971031, "energy": 50.93966, "activity_lines": [ 28.186489, 28.29668, 29.987887, 31.733564 ] }, { "date": "2025-11-28", "close": 27.813688, "volume": 1426619, "typical_volume": 1023665.5, "trend": 33.39803, "fair_value": 34.608924, "relative_strength": -23.510992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.490858, "energy": 64.279003, "activity_lines": [ 28.09215, 28.17052, 29.562354, 31.355271 ] }, { "date": "2025-12-05", "close": 27.423321, "volume": 1980212, "typical_volume": 1084821.3, "trend": 33.07072, "fair_value": 34.545989, "relative_strength": -24.171788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.050701, "energy": 71.951323, "activity_lines": [ 27.861183, 27.997516, 29.150379, 30.969806 ] }, { "date": "2025-12-12", "close": 26.867048, "volume": 1337982, "typical_volume": 1119894.5, "trend": 32.70508, "fair_value": 34.47522, "relative_strength": -24.886543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.644565, "energy": 84.012453, "activity_lines": [ 27.49684, 27.757085, 28.736288, 30.569569 ] }, { "date": "2025-12-19", "close": 26.867048, "volume": 1948836, "typical_volume": 1194942.1, "trend": 32.368482, "fair_value": 34.402743, "relative_strength": -24.110975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.516906, "energy": 86.04391, "activity_lines": [ 27.208619, 27.560837, 28.381953, 30.192922 ] }, { "date": "2025-12-26", "close": 27.364767, "volume": 280272, "typical_volume": 1187828.65, "trend": 32.098258, "fair_value": 34.328335, "relative_strength": -23.441153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.990452, "energy": 71.297317, "activity_lines": [ 27.170233, 27.491458, 28.129351, 29.870101 ] }, { "date": "2026-01-02", "close": 26.95488, "volume": 168278, "typical_volume": 1176524.75, "trend": 31.795224, "fair_value": 34.243048, "relative_strength": -24.30659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.535393, "energy": 64.761951, "activity_lines": [ 27.066135, 27.359265, 27.894187, 29.538271 ] }, { "date": "2026-01-09", "close": 26.876806, "volume": 759947, "typical_volume": 1190664.6, "trend": 31.524373, "fair_value": 34.155952, "relative_strength": -24.953827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.637258, "energy": 61.773035, "activity_lines": [ 26.993266, 27.226718, 27.707644, 29.220953 ] }, { "date": "2026-01-16", "close": 25.822813, "volume": 1224963, "typical_volume": 1115301.45, "trend": 31.19956, "fair_value": 34.066083, "relative_strength": -27.601146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.76165, "energy": 65.718775, "activity_lines": [ 26.605501, 26.926667, 27.475324, 28.853111 ] }, { "date": "2026-01-23", "close": 25.891129, "volume": 9579646, "typical_volume": 1540107.6, "trend": 30.844472, "fair_value": 33.974717, "relative_strength": -25.527667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.018448, "energy": 65.227602, "activity_lines": [ 26.310123, 26.678784, 27.275214, 28.510631 ] }, { "date": "2026-01-30", "close": 25.090874, "volume": 1014614, "typical_volume": 1518150.5, "trend": 30.420265, "fair_value": 33.888636, "relative_strength": -27.133914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.38074, "energy": 69.428348, "activity_lines": [ 25.813054, 26.326033, 27.018919, 28.139431 ] }, { "date": "2026-02-06", "close": 24.993284, "volume": 1039808, "typical_volume": 1452834.4, "trend": 29.971105, "fair_value": 33.795896, "relative_strength": -26.883566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.732423, "energy": 70.426443, "activity_lines": [ 25.435049, 26.016224, 26.770431, 27.789304 ] }, { "date": "2026-02-13", "close": 23.422054, "volume": 1019924, "typical_volume": 1456434.45, "trend": 29.481696, "fair_value": 33.701621, "relative_strength": -29.531557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.504904, "energy": 83.454627, "activity_lines": [ 24.664073, 25.472016, 26.392054, 27.366784 ] }, { "date": "2026-02-20", "close": 23.81242, "volume": 691671, "typical_volume": 1444718.65, "trend": 28.961579, "fair_value": 33.597556, "relative_strength": -28.351496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.682604, "energy": 72.133355, "activity_lines": [ 24.253536, 25.071534, 26.078737, 27.001024 ] }, { "date": "2026-02-27", "close": 23.383017, "volume": 1244920, "typical_volume": 1471525.3, "trend": 28.465125, "fair_value": 33.496846, "relative_strength": -31.081997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.147136, "energy": 73.105412, "activity_lines": [ 23.833891, 24.648517, 25.750643, 26.641117 ] }, { "date": "2026-03-06", "close": 23.0, "volume": 1024950, "typical_volume": 1479839.95, "trend": 27.92431, "fair_value": 33.382677, "relative_strength": -30.535089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.265263, "energy": 73.749446, "activity_lines": [ 23.453781, 24.219207, 25.412188, 26.288528 ] }, { "date": "2026-03-13", "close": 22.27, "volume": 673838, "typical_volume": 1446544.0, "trend": 27.375757, "fair_value": 33.261582, "relative_strength": -30.363038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.251262, "energy": 72.273622, "activity_lines": [ 22.96973, 23.73653, 25.028061, 25.923734 ] }, { "date": "2026-03-20", "close": 21.860001, "volume": 4740954, "typical_volume": 1633828.95, "trend": 26.826302, "fair_value": 33.141776, "relative_strength": -29.907772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.573033, "energy": 78.372114, "activity_lines": [ 22.530564, 23.264486, 24.63082, 25.567879 ] }, { "date": "2026-03-27", "close": 22.6, "volume": 866206, "typical_volume": 1630361.1, "trend": 26.538947, "fair_value": 33.018763, "relative_strength": -26.519867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.684921, "energy": 64.384722, "activity_lines": [ 22.442201, 23.018203, 24.334265, 25.295214 ] }, { "date": "2026-04-03", "close": 23.0, "volume": 904534, "typical_volume": 1636824.85, "trend": 26.302369, "fair_value": 32.903557, "relative_strength": -24.252475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.80592, "energy": 57.704315, "activity_lines": [ 22.568, 22.903243, 24.101562, 25.066895 ] }, { "date": "2026-04-10", "close": 22.280001, "volume": 559225, "typical_volume": 1624369.95, "trend": 26.088961, "fair_value": 32.789151, "relative_strength": -27.475951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.396192, "energy": 53.680015, "activity_lines": [ 22.479334, 22.709941, 23.824697, 24.807388 ] }, { "date": "2026-04-17", "close": 22.15, "volume": 954259, "typical_volume": 1600751.95, "trend": 25.855929, "fair_value": 32.669015, "relative_strength": -25.625684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.544651, "energy": 49.608348, "activity_lines": [ 22.395334, 22.544108, 23.564729, 24.553261 ] }, { "date": "2026-04-24", "close": 21.450001, "volume": 1154941, "typical_volume": 1559488.4, "trend": 25.595011, "fair_value": 32.551305, "relative_strength": -27.048831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.426935, "energy": 51.808702, "activity_lines": [ 22.086001, 22.3027, 23.265065, 24.269008 ] }, { "date": "2026-05-01", "close": 21.290001, "volume": 1547475, "typical_volume": 1569963.05, "trend": 25.328108, "fair_value": 32.433203, "relative_strength": -27.712089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.651327, "energy": 55.218568, "activity_lines": [ 21.750667, 22.068055, 22.978608, 23.991265 ] }, { "date": "2026-05-08", "close": 21.389999, "volume": 1541077, "typical_volume": 1549575.1, "trend": 25.078852, "fair_value": 32.316261, "relative_strength": -27.297948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.788859, "energy": 53.981882, "activity_lines": [ 21.536, 21.897455, 22.728231, 23.737194 ] }, { "date": "2026-05-15", "close": 20.93, "volume": 1062896, "typical_volume": 1588706.3, "trend": 24.842889, "fair_value": 32.202707, "relative_strength": -26.861579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.378146, "energy": 62.770687, "activity_lines": [ 21.275333, 21.679455, 22.460126, 23.469526 ] }, { "date": "2026-05-22", "close": 20.25, "volume": 1340042, "typical_volume": 1647294.5, "trend": 24.594019, "fair_value": 32.087789, "relative_strength": -28.524276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.17572, "energy": 73.381692, "activity_lines": [ 20.878, 21.375455, 22.157901, 23.17321 ] }, { "date": "2026-05-29", "close": 19.52, "volume": 1540595, "typical_volume": 1686326.9, "trend": 24.304551, "fair_value": 31.974068, "relative_strength": -31.58427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.058933, "energy": 77.321125, "activity_lines": [ 20.364, 20.975455, 21.81808, 22.845854 ] }, { "date": "2026-06-05", "close": 20.110001, "volume": 272726, "typical_volume": 1638715.05, "trend": 24.041255, "fair_value": 31.896448, "relative_strength": -28.214651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.040606, "energy": 72.658287, "activity_lines": [ 20.175334, 20.725273, 21.569482, 22.575238 ] }, { "date": "2026-06-12", "close": 21.41, "volume": 215768, "typical_volume": 1170521.15, "trend": 23.817389, "fair_value": 31.822841, "relative_strength": -24.081152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.27053, "energy": 52.864486, "activity_lines": [ 20.498667, 20.756727, 21.471897, 22.40548 ] }, { "date": "2026-06-19", "close": 20.530001, "volume": 322140, "typical_volume": 1135897.45, "trend": 23.554105, "fair_value": 31.742441, "relative_strength": -26.876585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.130467, "energy": 47.626285, "activity_lines": [ 20.527334, 20.657091, 21.311842, 22.19339 ] }, { "date": "2026-06-26", "close": 20.65, "volume": 67769, "typical_volume": 1087295.5, "trend": 23.315316, "fair_value": 31.663098, "relative_strength": -25.500886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.552764, "energy": 36.08409, "activity_lines": [ 20.622667, 20.611091, 21.184933, 22.006029 ] }, { "date": "2026-07-03", "close": 20.98, "volume": 88332, "typical_volume": 1040715.9, "trend": 23.100538, "fair_value": 31.581261, "relative_strength": -23.98314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.567183, "energy": 28.294267, "activity_lines": [ 20.801334, 20.652364, 21.110136, 21.855363 ] }, { "date": "2026-07-10", "close": 22.15, "volume": 948184, "typical_volume": 1053541.55, "trend": 22.943303, "fair_value": 31.505773, "relative_strength": -19.630473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.115682, "energy": 16.177156, "activity_lines": [ 21.272667, 20.914909, 21.158396, 21.794038 ] }, { "date": "2026-07-17", "close": 22.67, "volume": 844768, "typical_volume": 1033533.95, "trend": 22.803402, "fair_value": 31.432177, "relative_strength": -16.146207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.12626, "energy": 14.548633, "activity_lines": [ 21.781333, 21.256364, 21.264095, 21.776405 ] }, { "date": "2026-07-24", "close": 22.0, "volume": 690142, "typical_volume": 1016793.55, "trend": 22.624576, "fair_value": 31.352789, "relative_strength": -17.908174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.863498, "energy": 20.226682, "activity_lines": [ 21.982667, 21.452727, 21.309381, 21.724573 ] }, { "date": "2026-07-31", "close": 22.040001, "volume": 800559, "typical_volume": 1023129.6, "trend": 22.460747, "fair_value": 31.278726, "relative_strength": -16.16221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.523778, "energy": 21.163007, "activity_lines": [ 22.099334, 21.636909, 21.363238, 21.686859 ] }, { "date": "2026-08-07", "close": 21.74, "volume": 965113, "typical_volume": 834337.55, "trend": 22.28952, "fair_value": 31.210691, "relative_strength": -16.81553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.933549, "energy": 17.219503, "activity_lines": [ 22.023334, 21.734, 21.389619, 21.640359 ] } ], "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." } } }