{
  "ticker": {
    "uuid": "66295498-33e4-4d59-9dae-b464d030fbdd",
    "symbol": "AVNW",
    "name": "Aviat Networks Inc",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 54.805,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -5.826,
    "architecture_energy": 6.777,
    "architecture_maturity": 13.117,
    "architecture_confidence": 47.002,
    "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": 57.47,
        "rotation_up": 29.99,
        "upward_expansion": 25.31,
        "deceleration": 35.91,
        "rotation_down": 20.79,
        "downward_expansion": 49.31
      },
      "activity_lines": [
        20.766,
        20.682636,
        20.104786,
        20.703753
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 21.12,
    "trend_reference": 21.533667,
    "distance_from_trend": -0.01921,
    "trend_direction": "Weakening",
    "fair_value": 24.616603,
    "distance_from_fair_value": -0.142042,
    "fair_value_direction": "Improving",
    "relative_strength": -16.31131,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.198786,
    "excess_performance": -0.38624,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.01921,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.018796,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.142042,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.240342,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.163113,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.257342,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.198786,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.468608,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 632263,
      "relative_activity": 0.692985,
      "balance": 8.468608,
      "dry_up": 0.704018,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.09459,
      "annualized_volatility": 0.633485,
      "from_high_reference": -0.218354,
      "from_low_reference": 0.517241
    },
    "levels": {
      "trend_reference": 21.533667,
      "fair_value_reference": 24.616603,
      "structural_low": 13.92,
      "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": 23,
        "median_return": 0.027593,
        "positive_rate": 0.521739,
        "directional_follow_through": 0.521739,
        "median_excess_return": 0.037341,
        "regime_survival": 0.391304,
        "best_return": 0.264833,
        "worst_return": -0.281037,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.030541,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.041053,
        "regime_survival": 0.25,
        "best_return": 0.338478,
        "worst_return": -0.234292,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.016836,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.070439,
        "regime_survival": 0.142857,
        "best_return": 0.095013,
        "worst_return": -0.171011,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.055363,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.190166,
        "regime_survival": 0.0,
        "best_return": 0.144882,
        "worst_return": -0.363517,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-21",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.155295,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.128244,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.200697,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.037234,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.054397,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.096286,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-10-03",
        "tenure": "New",
        "return": -0.040825,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-10",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.010932,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-19",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": 0.045041,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-06",
        "end": "2026-02-20",
        "tenure": "New",
        "return": -0.062974,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-27",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.193091,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-10",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.051387,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-08",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": 0.369386,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.016117,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 28.45,
        "volume": 300770,
        "typical_volume": 313859.55,
        "trend": 32.5985,
        "fair_value": 28.973718,
        "relative_strength": -23.199103,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.809212,
        "energy": 75.352416,
        "activity_lines": [
          29.657333,
          30.485091,
          30.966214,
          31.620505
        ]
      },
      {
        "date": "2023-08-25",
        "close": 33.05,
        "volume": 664095,
        "typical_volume": 335813.8,
        "trend": 32.662167,
        "fair_value": 29.119551,
        "relative_strength": -11.963045,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.769552,
        "energy": 30.326199,
        "activity_lines": [
          30.654667,
          30.838364,
          31.126619,
          31.649634
        ]
      },
      {
        "date": "2023-09-01",
        "close": 36.15,
        "volume": 425451,
        "typical_volume": 343552.6,
        "trend": 32.595167,
        "fair_value": 29.285417,
        "relative_strength": -6.953483,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 12.310253,
        "energy": 15.696045,
        "activity_lines": [
          32.567333,
          31.749455,
          31.585738,
          31.874656
        ]
      },
      {
        "date": "2023-09-08",
        "close": 33.07,
        "volume": 353849,
        "typical_volume": 342164.1,
        "trend": 32.509167,
        "fair_value": 29.432885,
        "relative_strength": -13.49865,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 11.441575,
        "energy": 21.724181,
        "activity_lines": [
          33.068667,
          32.008364,
          31.741381,
          31.90529
        ]
      },
      {
        "date": "2023-09-15",
        "close": 32.6,
        "volume": 495406,
        "typical_volume": 353015.65,
        "trend": 32.404167,
        "fair_value": 29.574167,
        "relative_strength": -13.967687,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.893848,
        "energy": 28.418565,
        "activity_lines": [
          33.218667,
          32.187273,
          31.849571,
          31.911151
        ]
      },
      {
        "date": "2023-09-22",
        "close": 32.38,
        "volume": 305001,
        "typical_volume": 328974.6,
        "trend": 32.329167,
        "fair_value": 29.715641,
        "relative_strength": -11.351347,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.954472,
        "energy": 31.239118,
        "activity_lines": [
          33.124,
          32.326727,
          31.93781,
          31.909591
        ]
      },
      {
        "date": "2023-09-29",
        "close": 31.2,
        "volume": 497561,
        "typical_volume": 329367.95,
        "trend": 32.133167,
        "fair_value": 29.847981,
        "relative_strength": -14.408704,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 9.127509,
        "energy": 7.354584,
        "activity_lines": [
          32.374,
          32.226,
          31.892952,
          31.836742
        ]
      },
      {
        "date": "2023-10-06",
        "close": 29.14,
        "volume": 425176,
        "typical_volume": 328527.05,
        "trend": 31.9405,
        "fair_value": 29.963686,
        "relative_strength": -21.114318,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -42.257242,
        "energy": 26.172413,
        "activity_lines": [
          31.060667,
          31.752182,
          31.645333,
          31.643634
        ]
      },
      {
        "date": "2023-10-13",
        "close": 26.81,
        "volume": 328592,
        "typical_volume": 326804.45,
        "trend": 31.6925,
        "fair_value": 30.064263,
        "relative_strength": -27.067039,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -76.606875,
        "energy": 59.959978,
        "activity_lines": [
          29.438,
          30.877273,
          31.185,
          31.312634
        ]
      },
      {
        "date": "2023-10-20",
        "close": 26.29,
        "volume": 638373,
        "typical_volume": 348894.55,
        "trend": 31.4155,
        "fair_value": 30.162276,
        "relative_strength": -25.84045,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.879643,
        "energy": 78.248893,
        "activity_lines": [
          28.059333,
          29.968545,
          30.69581,
          30.964086
        ]
      },
      {
        "date": "2023-10-27",
        "close": 25.46,
        "volume": 305877,
        "typical_volume": 349869.2,
        "trend": 31.1155,
        "fair_value": 30.266154,
        "relative_strength": -25.640917,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.223866,
        "energy": 84.718174,
        "activity_lines": [
          26.824667,
          28.976909,
          30.151952,
          30.57986
        ]
      },
      {
        "date": "2023-11-03",
        "close": 30.51,
        "volume": 782232,
        "typical_volume": 375076.25,
        "trend": 31.0065,
        "fair_value": 30.389808,
        "relative_strength": -15.904505,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.924369,
        "energy": 67.655791,
        "activity_lines": [
          27.734667,
          28.957818,
          30.118524,
          30.540796
        ]
      },
      {
        "date": "2023-11-10",
        "close": 29.4,
        "volume": 383349,
        "typical_volume": 381833.95,
        "trend": 30.8525,
        "fair_value": 30.492372,
        "relative_strength": -20.845195,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.196389,
        "energy": 38.688032,
        "activity_lines": [
          28.320667,
          28.783091,
          29.989952,
          30.437151
        ]
      },
      {
        "date": "2023-11-17",
        "close": 29.61,
        "volume": 470539,
        "typical_volume": 393280.95,
        "trend": 30.756,
        "fair_value": 30.584744,
        "relative_strength": -21.304137,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.226301,
        "energy": 23.305551,
        "activity_lines": [
          28.959333,
          28.769273,
          29.889381,
          30.356989
        ]
      },
      {
        "date": "2023-11-24",
        "close": 30.55,
        "volume": 366727,
        "typical_volume": 403726.6,
        "trend": 30.680667,
        "fair_value": 30.666058,
        "relative_strength": -18.975003,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.176115,
        "energy": 21.551874,
        "activity_lines": [
          29.724667,
          28.989273,
          29.896238,
          30.343699
        ]
      },
      {
        "date": "2023-12-01",
        "close": 31.34,
        "volume": 321232,
        "typical_volume": 406349.15,
        "trend": 30.791,
        "fair_value": 30.751186,
        "relative_strength": -16.429371,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -14.981079,
        "energy": 17.780625,
        "activity_lines": [
          30.469333,
          29.390182,
          29.988238,
          30.386237
        ]
      },
      {
        "date": "2023-12-08",
        "close": 32.22,
        "volume": 338901,
        "typical_volume": 405650.8,
        "trend": 30.871,
        "fair_value": 30.842372,
        "relative_strength": -14.090861,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 13.600986,
        "energy": 21.483424,
        "activity_lines": [
          31.115333,
          29.97,
          30.162286,
          30.47843
        ]
      },
      {
        "date": "2023-12-15",
        "close": 32.71,
        "volume": 501414,
        "typical_volume": 420186.5,
        "trend": 30.925667,
        "fair_value": 30.937147,
        "relative_strength": -15.0576,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 26.364422,
        "energy": 31.206888,
        "activity_lines": [
          31.810667,
          30.620364,
          30.378524,
          30.597075
        ]
      },
      {
        "date": "2023-12-22",
        "close": 32.39,
        "volume": 414219,
        "typical_volume": 429388.7,
        "trend": 30.967,
        "fair_value": 31.032019,
        "relative_strength": -16.039835,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.104108,
        "energy": 34.950465,
        "activity_lines": [
          32.178667,
          31.147636,
          30.55319,
          30.691548
        ]
      },
      {
        "date": "2023-12-29",
        "close": 32.66,
        "volume": 211114,
        "typical_volume": 426493.9,
        "trend": 31.008667,
        "fair_value": 31.131923,
        "relative_strength": -14.959102,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.896683,
        "energy": 41.689622,
        "activity_lines": [
          32.451333,
          31.622545,
          30.742905,
          30.800774
        ]
      },
      {
        "date": "2024-01-05",
        "close": 30.71,
        "volume": 269684,
        "typical_volume": 424939.6,
        "trend": 30.977333,
        "fair_value": 31.221763,
        "relative_strength": -16.855676,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 17.267509,
        "energy": 22.169357,
        "activity_lines": [
          31.933333,
          31.627091,
          30.734381,
          30.781505
        ]
      },
      {
        "date": "2024-01-12",
        "close": 32.36,
        "volume": 316526,
        "typical_volume": 407561.15,
        "trend": 30.965,
        "fair_value": 31.315192,
        "relative_strength": -14.503912,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.176949,
        "energy": 21.874411,
        "activity_lines": [
          32.007333,
          31.836182,
          30.872238,
          30.87071
        ]
      },
      {
        "date": "2024-01-19",
        "close": 30.29,
        "volume": 312301,
        "typical_volume": 401903.65,
        "trend": 30.938667,
        "fair_value": 31.38875,
        "relative_strength": -21.544621,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -6.527598,
        "energy": 5.745695,
        "activity_lines": [
          31.382,
          31.635273,
          30.816238,
          30.827161
        ]
      },
      {
        "date": "2024-01-26",
        "close": 30.59,
        "volume": 477108,
        "typical_volume": 408066.6,
        "trend": 30.846,
        "fair_value": 31.469615,
        "relative_strength": -20.699326,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -1.261933,
        "energy": 7.944476,
        "activity_lines": [
          31.018,
          31.472727,
          30.816714,
          30.804667
        ]
      },
      {
        "date": "2024-02-02",
        "close": 28.81,
        "volume": 538858,
        "typical_volume": 410239.2,
        "trend": 30.718667,
        "fair_value": 31.478814,
        "relative_strength": -25.298256,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.954418,
        "energy": 23.91766,
        "activity_lines": [
          30.180667,
          30.968727,
          30.659476,
          30.673312
        ]
      },
      {
        "date": "2024-02-09",
        "close": 32.68,
        "volume": 1818831,
        "typical_volume": 485930.7,
        "trend": 30.775667,
        "fair_value": 31.515064,
        "relative_strength": -16.014046,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 36.683572,
        "energy": 19.732989,
        "activity_lines": [
          30.89,
          31.2,
          30.888857,
          30.799849
        ]
      },
      {
        "date": "2024-02-16",
        "close": 35.02,
        "volume": 787971,
        "typical_volume": 500451.2,
        "trend": 30.900333,
        "fair_value": 31.52984,
        "relative_strength": -7.885984,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 65.51435,
        "energy": 36.914588,
        "activity_lines": [
          32.248,
          31.832364,
          31.339667,
          31.073677
        ]
      },
      {
        "date": "2024-02-23",
        "close": 34.32,
        "volume": 419463,
        "typical_volume": 500165.55,
        "trend": 31.031667,
        "fair_value": 31.553269,
        "relative_strength": -10.210844,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.91306,
        "energy": 54.682527,
        "activity_lines": [
          33.195333,
          32.286545,
          31.705619,
          31.294301
        ]
      },
      {
        "date": "2024-03-01",
        "close": 34.89,
        "volume": 478112,
        "typical_volume": 507641.55,
        "trend": 31.189667,
        "fair_value": 31.60516,
        "relative_strength": -9.608898,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.49824,
        "energy": 66.677671,
        "activity_lines": [
          34.064,
          32.815091,
          32.10119,
          31.543226
        ]
      },
      {
        "date": "2024-03-08",
        "close": 35.57,
        "volume": 397100,
        "typical_volume": 495577.9,
        "trend": 31.374333,
        "fair_value": 31.628846,
        "relative_strength": -5.608223,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.995441,
        "energy": 71.843777,
        "activity_lines": [
          34.872667,
          33.421818,
          32.523048,
          31.825828
        ]
      },
      {
        "date": "2024-03-15",
        "close": 34.6,
        "volume": 497604,
        "typical_volume": 505164.25,
        "trend": 31.579333,
        "fair_value": 31.64359,
        "relative_strength": -6.40701,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.101328,
        "energy": 65.359887,
        "activity_lines": [
          34.907333,
          33.799273,
          32.808333,
          32.033935
        ]
      },
      {
        "date": "2024-03-22",
        "close": 37.24,
        "volume": 439911,
        "typical_volume": 488048.2,
        "trend": 31.719,
        "fair_value": 31.664487,
        "relative_strength": -1.571058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.654109,
        "energy": 68.582992,
        "activity_lines": [
          35.694,
          34.586,
          33.301524,
          32.39914
        ]
      },
      {
        "date": "2024-03-29",
        "close": 38.34,
        "volume": 380270,
        "typical_volume": 487894.25,
        "trend": 31.792,
        "fair_value": 31.663077,
        "relative_strength": 2.382302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.388009,
        "energy": 70.77336,
        "activity_lines": [
          36.699333,
          35.484,
          33.867429,
          32.826301
        ]
      },
      {
        "date": "2024-04-05",
        "close": 35.22,
        "volume": 314865,
        "typical_volume": 480110.55,
        "trend": 31.863667,
        "fair_value": 31.628333,
        "relative_strength": -4.607051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.603148,
        "energy": 46.46404,
        "activity_lines": [
          36.396667,
          35.668364,
          34.093619,
          33.047462
        ]
      },
      {
        "date": "2024-04-12",
        "close": 34.42,
        "volume": 356994,
        "typical_volume": 479623.9,
        "trend": 31.924333,
        "fair_value": 31.651218,
        "relative_strength": -5.679072,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.962811,
        "energy": 39.979432,
        "activity_lines": [
          35.805333,
          35.623091,
          34.216905,
          33.212387
        ]
      },
      {
        "date": "2024-04-19",
        "close": 32.86,
        "volume": 413253,
        "typical_volume": 484224.95,
        "trend": 31.940333,
        "fair_value": 31.658462,
        "relative_strength": -4.291795,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.773275,
        "energy": 21.301576,
        "activity_lines": [
          34.770667,
          35.192182,
          34.17319,
          33.272753
        ]
      },
      {
        "date": "2024-04-26",
        "close": 33.96,
        "volume": 314046,
        "typical_volume": 482982.2,
        "trend": 32.032333,
        "fair_value": 31.668397,
        "relative_strength": -4.315658,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.414475,
        "energy": 20.66057,
        "activity_lines": [
          34.218667,
          34.958,
          34.227,
          33.403054
        ]
      },
      {
        "date": "2024-05-03",
        "close": 29.91,
        "volume": 1330766,
        "typical_volume": 524449.8,
        "trend": 32.058,
        "fair_value": 31.653333,
        "relative_strength": -16.227791,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.951635,
        "energy": 16.248316,
        "activity_lines": [
          32.535333,
          34.006727,
          33.88681,
          33.266129
        ]
      },
      {
        "date": "2024-05-10",
        "close": 31.31,
        "volume": 440133,
        "typical_volume": 525745.5,
        "trend": 32.208,
        "fair_value": 31.653205,
        "relative_strength": -13.173498,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -21.827008,
        "energy": 29.315993,
        "activity_lines": [
          31.880667,
          33.390182,
          33.693286,
          33.217871
        ]
      },
      {
        "date": "2024-05-17",
        "close": 31.19,
        "volume": 336373,
        "typical_volume": 532008.45,
        "trend": 32.371333,
        "fair_value": 31.624487,
        "relative_strength": -14.883765,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -22.837447,
        "energy": 36.354509,
        "activity_lines": [
          31.446667,
          32.816909,
          33.493476,
          33.152194
        ]
      },
      {
        "date": "2024-05-24",
        "close": 30.3,
        "volume": 405554,
        "typical_volume": 538801.95,
        "trend": 32.532667,
        "fair_value": 31.581795,
        "relative_strength": -17.966542,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.126217,
        "energy": 48.63401,
        "activity_lines": [
          30.931333,
          32.161455,
          33.215905,
          33.018559
        ]
      },
      {
        "date": "2024-05-31",
        "close": 30.91,
        "volume": 288542,
        "typical_volume": 537402.75,
        "trend": 32.546,
        "fair_value": 31.541731,
        "relative_strength": -14.551563,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.119826,
        "energy": 44.397412,
        "activity_lines": [
          30.79,
          31.695091,
          32.998381,
          32.913871
        ]
      },
      {
        "date": "2024-06-07",
        "close": 30.77,
        "volume": 239077,
        "typical_volume": 533741.55,
        "trend": 32.591667,
        "fair_value": 31.489808,
        "relative_strength": -16.722158,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.911538,
        "energy": 40.655955,
        "activity_lines": [
          30.805333,
          31.318364,
          32.774429,
          32.79929
        ]
      },
      {
        "date": "2024-06-14",
        "close": 29.39,
        "volume": 279007,
        "typical_volume": 523836.5,
        "trend": 32.584333,
        "fair_value": 31.443718,
        "relative_strength": -22.625078,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.992106,
        "energy": 46.660092,
        "activity_lines": [
          30.303333,
          30.828364,
          32.416762,
          32.592731
        ]
      },
      {
        "date": "2024-06-21",
        "close": 28.74,
        "volume": 219105,
        "typical_volume": 507848.85,
        "trend": 32.524,
        "fair_value": 31.410513,
        "relative_strength": -24.006914,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -72.569534,
        "energy": 64.128908,
        "activity_lines": [
          29.712667,
          30.326182,
          32.002905,
          32.34471
        ]
      },
      {
        "date": "2024-06-28",
        "close": 28.69,
        "volume": 437360,
        "typical_volume": 438775.3,
        "trend": 32.435667,
        "fair_value": 31.390064,
        "relative_strength": -23.512294,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.711468,
        "energy": 68.50229,
        "activity_lines": [
          29.268667,
          29.918182,
          31.584619,
          32.097355
        ]
      },
      {
        "date": "2024-07-05",
        "close": 27.35,
        "volume": 210412,
        "typical_volume": 409897.35,
        "trend": 32.273333,
        "fair_value": 31.360897,
        "relative_strength": -28.9871,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.540661,
        "energy": 81.337327,
        "activity_lines": [
          28.485333,
          29.342364,
          31.057714,
          31.769247
        ]
      },
      {
        "date": "2024-07-12",
        "close": 28.78,
        "volume": 333805,
        "typical_volume": 405614.45,
        "trend": 32.142333,
        "fair_value": 31.358974,
        "relative_strength": -24.621744,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.399482,
        "energy": 72.123617,
        "activity_lines": [
          28.416,
          29.146727,
          30.703524,
          31.543871
        ]
      },
      {
        "date": "2024-07-19",
        "close": 29.02,
        "volume": 302516,
        "typical_volume": 396834.65,
        "trend": 32.03,
        "fair_value": 31.34641,
        "relative_strength": -20.409704,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.585885,
        "energy": 58.733138,
        "activity_lines": [
          28.559333,
          29.015273,
          30.398571,
          31.34243
        ]
      },
      {
        "date": "2024-07-26",
        "close": 30.0,
        "volume": 289451,
        "typical_volume": 391452.2,
        "trend": 31.941333,
        "fair_value": 31.299744,
        "relative_strength": -15.223263,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.845089,
        "energy": 41.554934,
        "activity_lines": [
          29.054,
          29.103636,
          30.214905,
          31.211462
        ]
      },
      {
        "date": "2024-08-02",
        "close": 28.44,
        "volume": 231512,
        "typical_volume": 378147.6,
        "trend": 31.865667,
        "fair_value": 31.232179,
        "relative_strength": -16.70304,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.725792,
        "energy": 38.191385,
        "activity_lines": [
          28.944667,
          28.93,
          29.90919,
          30.98557
        ]
      },
      {
        "date": "2024-08-09",
        "close": 27.47,
        "volume": 310327,
        "typical_volume": 371668.4,
        "trend": 31.702667,
        "fair_value": 31.161987,
        "relative_strength": -19.401097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.15888,
        "energy": 47.079593,
        "activity_lines": [
          28.528667,
          28.613818,
          29.540429,
          30.701978
        ]
      },
      {
        "date": "2024-08-16",
        "close": 27.56,
        "volume": 430041,
        "typical_volume": 374156.95,
        "trend": 31.611667,
        "fair_value": 31.102436,
        "relative_strength": -22.897498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.088882,
        "energy": 48.181376,
        "activity_lines": [
          28.134667,
          28.376545,
          29.226762,
          30.43471
        ]
      },
      {
        "date": "2024-08-23",
        "close": 27.72,
        "volume": 648520,
        "typical_volume": 390839.7,
        "trend": 31.516,
        "fair_value": 31.052115,
        "relative_strength": -22.586742,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.797803,
        "energy": 59.617715,
        "activity_lines": [
          27.875333,
          28.226727,
          28.979667,
          30.183634
        ]
      },
      {
        "date": "2024-08-30",
        "close": 27.45,
        "volume": 339770,
        "typical_volume": 389978.5,
        "trend": 31.470667,
        "fair_value": 30.99609,
        "relative_strength": -21.960562,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.839294,
        "energy": 52.670821,
        "activity_lines": [
          27.612667,
          28.058182,
          28.742571,
          29.921312
        ]
      },
      {
        "date": "2024-09-06",
        "close": 25.25,
        "volume": 414045,
        "typical_volume": 390018.1,
        "trend": 31.223,
        "fair_value": 30.932628,
        "relative_strength": -23.140244,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.020047,
        "energy": 62.592978,
        "activity_lines": [
          26.786667,
          27.513091,
          28.329143,
          29.519978
        ]
      },
      {
        "date": "2024-09-13",
        "close": 21.34,
        "volume": 1424747,
        "typical_volume": 445553.15,
        "trend": 30.767,
        "fair_value": 30.849295,
        "relative_strength": -37.973201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -91.432238,
        "energy": 79.815965,
        "activity_lines": [
          24.87,
          26.319636,
          27.579571,
          28.882366
        ]
      },
      {
        "date": "2024-09-20",
        "close": 22.58,
        "volume": 1008630,
        "typical_volume": 429446.35,
        "trend": 30.375667,
        "fair_value": 30.777628,
        "relative_strength": -34.567204,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.105436,
        "energy": 83.409253,
        "activity_lines": [
          23.775333,
          25.460909,
          27.00819,
          28.354172
        ]
      },
      {
        "date": "2024-09-27",
        "close": 22.57,
        "volume": 482699,
        "typical_volume": 431574.65,
        "trend": 29.965,
        "fair_value": 30.706923,
        "relative_strength": -34.539975,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.578187,
        "energy": 84.128393,
        "activity_lines": [
          23.009333,
          24.713091,
          26.470762,
          27.850581
        ]
      },
      {
        "date": "2024-10-04",
        "close": 19.36,
        "volume": 911039,
        "typical_volume": 460307.95,
        "trend": 29.424667,
        "fair_value": 30.614872,
        "relative_strength": -43.2887,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.662272,
        "energy": 92.226826,
        "activity_lines": [
          21.516667,
          23.498909,
          25.669238,
          27.166387
        ]
      },
      {
        "date": "2024-10-11",
        "close": 22.77,
        "volume": 1296500,
        "typical_volume": 504855.25,
        "trend": 29.030333,
        "fair_value": 30.565641,
        "relative_strength": -33.610694,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.535509,
        "energy": 61.8831,
        "activity_lines": [
          21.7,
          23.098182,
          25.24881,
          26.737054
        ]
      },
      {
        "date": "2024-10-18",
        "close": 23.0,
        "volume": 504039,
        "typical_volume": 515630.1,
        "trend": 28.555667,
        "fair_value": 30.525641,
        "relative_strength": -32.565835,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.665054,
        "energy": 53.648611,
        "activity_lines": [
          22.125333,
          22.842364,
          24.886143,
          26.348
        ]
      },
      {
        "date": "2024-10-25",
        "close": 20.66,
        "volume": 795785,
        "typical_volume": 543465.5,
        "trend": 27.966333,
        "fair_value": 30.474744,
        "relative_strength": -38.977123,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.455623,
        "energy": 54.959022,
        "activity_lines": [
          21.66,
          22.242364,
          24.338286,
          25.838602
        ]
      },
      {
        "date": "2024-11-01",
        "close": 20.25,
        "volume": 643060,
        "typical_volume": 561668.15,
        "trend": 27.467333,
        "fair_value": 30.397821,
        "relative_strength": -38.493211,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.357475,
        "energy": 52.598634,
        "activity_lines": [
          21.186,
          21.693273,
          23.799524,
          25.340774
        ]
      },
      {
        "date": "2024-11-08",
        "close": 14.39,
        "volume": 2827993,
        "typical_volume": 692112.55,
        "trend": 26.799667,
        "fair_value": 30.283397,
        "relative_strength": -57.961538,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.519842,
        "energy": 67.199914,
        "activity_lines": [
          18.913333,
          20.214545,
          22.74619,
          24.497075
        ]
      },
      {
        "date": "2024-11-15",
        "close": 13.79,
        "volume": 1720178,
        "typical_volume": 756253.45,
        "trend": 26.164,
        "fair_value": 30.178654,
        "relative_strength": -57.684454,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.242447,
        "energy": 90.062292,
        "activity_lines": [
          16.772,
          18.864182,
          21.704048,
          23.657742
        ]
      },
      {
        "date": "2024-11-22",
        "close": 15.42,
        "volume": 1140365,
        "typical_volume": 802751.1,
        "trend": 25.546,
        "fair_value": 30.081923,
        "relative_strength": -52.875753,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.955895,
        "energy": 86.264573,
        "activity_lines": [
          15.772667,
          18.018545,
          20.888095,
          22.964581
        ]
      },
      {
        "date": "2024-11-29",
        "close": 15.83,
        "volume": 527012,
        "typical_volume": 812411.45,
        "trend": 25.076667,
        "fair_value": 29.994487,
        "relative_strength": -51.275406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.286069,
        "energy": 84.00688,
        "activity_lines": [
          15.415333,
          17.355091,
          20.168,
          22.337742
        ]
      },
      {
        "date": "2024-12-06",
        "close": 17.38,
        "volume": 1014532,
        "typical_volume": 848012.25,
        "trend": 24.612333,
        "fair_value": 29.903269,
        "relative_strength": -47.416796,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.544411,
        "energy": 66.706811,
        "activity_lines": [
          15.896667,
          17.096182,
          19.65719,
          21.841183
        ]
      },
      {
        "date": "2024-12-13",
        "close": 18.12,
        "volume": 1221280,
        "typical_volume": 894603.7,
        "trend": 24.176667,
        "fair_value": 29.824872,
        "relative_strength": -44.800097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.74668,
        "energy": 52.899775,
        "activity_lines": [
          16.816,
          17.066182,
          19.272286,
          21.422323
        ]
      },
      {
        "date": "2024-12-20",
        "close": 16.85,
        "volume": 1553938,
        "typical_volume": 960725.0,
        "trend": 23.728333,
        "fair_value": 29.729808,
        "relative_strength": -46.712303,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.449994,
        "energy": 41.443713,
        "activity_lines": [
          17.063333,
          16.827818,
          18.823,
          20.949634
        ]
      },
      {
        "date": "2024-12-27",
        "close": 17.82,
        "volume": 685520,
        "typical_volume": 979484.65,
        "trend": 23.292,
        "fair_value": 29.638397,
        "relative_strength": -43.331296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.528357,
        "energy": 32.754469,
        "activity_lines": [
          17.43,
          16.873455,
          18.521286,
          20.568452
        ]
      },
      {
        "date": "2025-01-03",
        "close": 18.4,
        "volume": 755304,
        "typical_volume": 995747.8,
        "trend": 22.879667,
        "fair_value": 29.555064,
        "relative_strength": -40.228243,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.757814,
        "energy": 27.688158,
        "activity_lines": [
          17.83,
          17.118727,
          18.320762,
          20.252839
        ]
      },
      {
        "date": "2025-01-10",
        "close": 18.34,
        "volume": 692111,
        "typical_volume": 997927.35,
        "trend": 22.511333,
        "fair_value": 29.470962,
        "relative_strength": -38.218188,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.014534,
        "energy": 27.304529,
        "activity_lines": [
          18.038667,
          17.394182,
          18.158143,
          19.959957
        ]
      },
      {
        "date": "2025-01-17",
        "close": 19.1,
        "volume": 572769,
        "typical_volume": 1009577.3,
        "trend": 22.19,
        "fair_value": 29.412564,
        "relative_strength": -36.709189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.237488,
        "energy": 20.417891,
        "activity_lines": [
          18.436667,
          17.842545,
          18.112571,
          19.739871
        ]
      },
      {
        "date": "2025-01-24",
        "close": 19.47,
        "volume": 512123,
        "typical_volume": 1014481.2,
        "trend": 21.882667,
        "fair_value": 29.353846,
        "relative_strength": -35.677695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -17.788246,
        "energy": 17.505477,
        "activity_lines": [
          18.892667,
          18.272545,
          18.142,
          19.564387
        ]
      },
      {
        "date": "2025-01-31",
        "close": 19.05,
        "volume": 654151,
        "typical_volume": 975951.4,
        "trend": 21.606,
        "fair_value": 29.286923,
        "relative_strength": -35.506337,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.277708,
        "energy": 15.949281,
        "activity_lines": [
          19.034,
          18.522909,
          18.158952,
          19.381634
        ]
      },
      {
        "date": "2025-02-07",
        "close": 23.66,
        "volume": 2605485,
        "typical_volume": 1055794.15,
        "trend": 21.435333,
        "fair_value": 29.255897,
        "relative_strength": -19.171954,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 22.11643,
        "energy": 30.350567,
        "activity_lines": [
          20.63,
          19.545455,
          18.625857,
          19.514151
        ]
      },
      {
        "date": "2025-02-14",
        "close": 22.16,
        "volume": 864652,
        "typical_volume": 1074891.8,
        "trend": 21.206667,
        "fair_value": 29.212756,
        "relative_strength": -25.397247,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.965248,
        "energy": 46.138478,
        "activity_lines": [
          21.375333,
          20.152909,
          18.944762,
          19.560903
        ]
      },
      {
        "date": "2025-02-21",
        "close": 22.57,
        "volume": 1189057,
        "typical_volume": 1088792.7,
        "trend": 20.959,
        "fair_value": 29.181667,
        "relative_strength": -21.282538,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.287753,
        "energy": 56.353194,
        "activity_lines": [
          22.002667,
          20.748,
          19.304667,
          19.64886
        ]
      },
      {
        "date": "2025-02-28",
        "close": 20.93,
        "volume": 751751,
        "typical_volume": 1061555.25,
        "trend": 20.708667,
        "fair_value": 29.144551,
        "relative_strength": -23.414259,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.483635,
        "energy": 50.231639,
        "activity_lines": [
          21.852,
          20.964,
          19.493095,
          19.646989
        ]
      },
      {
        "date": "2025-03-07",
        "close": 20.2,
        "volume": 658840,
        "typical_volume": 1069295.3,
        "trend": 20.466333,
        "fair_value": 29.101795,
        "relative_strength": -22.503244,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.581487,
        "energy": 26.310565,
        "activity_lines": [
          21.360667,
          20.973091,
          19.620762,
          19.614172
        ]
      },
      {
        "date": "2025-03-14",
        "close": 19.065,
        "volume": 478756,
        "typical_volume": 1053443.85,
        "trend": 20.183167,
        "fair_value": 29.037147,
        "relative_strength": -23.890544,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 5.338575,
        "energy": 7.323992,
        "activity_lines": [
          20.414333,
          20.732545,
          19.653667,
          19.523763
        ]
      },
      {
        "date": "2025-03-21",
        "close": 19.65,
        "volume": 473162,
        "typical_volume": 1044948.95,
        "trend": 19.914167,
        "fair_value": 28.977276,
        "relative_strength": -20.490283,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 3.317469,
        "energy": 11.435497,
        "activity_lines": [
          19.969333,
          20.586273,
          19.749881,
          19.489366
        ]
      },
      {
        "date": "2025-03-28",
        "close": 18.88,
        "volume": 355215,
        "typical_volume": 921310.05,
        "trend": 19.6285,
        "fair_value": 28.905994,
        "relative_strength": -20.395081,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.456914,
        "energy": 15.959919,
        "activity_lines": [
          19.435,
          20.276182,
          19.775619,
          19.422645
        ]
      },
      {
        "date": "2025-04-04",
        "close": 16.87,
        "volume": 606544,
        "typical_volume": 865628.35,
        "trend": 19.349167,
        "fair_value": 28.827853,
        "relative_strength": -19.848005,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -27.520445,
        "energy": 26.6672,
        "activity_lines": [
          18.476667,
          19.604636,
          19.588548,
          19.244677
        ]
      },
      {
        "date": "2025-04-11",
        "close": 17.13,
        "volume": 756781,
        "typical_volume": 846449.15,
        "trend": 19.208833,
        "fair_value": 28.719327,
        "relative_strength": -23.06837,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -33.66318,
        "energy": 35.621733,
        "activity_lines": [
          17.875667,
          19.027636,
          19.411571,
          19.101505
        ]
      },
      {
        "date": "2025-04-18",
        "close": 17.215,
        "volume": 245891,
        "typical_volume": 832393.1,
        "trend": 19.03,
        "fair_value": 28.629038,
        "relative_strength": -19.600946,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.493834,
        "energy": 43.423959,
        "activity_lines": [
          17.507667,
          18.501,
          19.234548,
          18.972871
        ]
      },
      {
        "date": "2025-04-25",
        "close": 17.64,
        "volume": 354127,
        "typical_volume": 799372.85,
        "trend": 18.865667,
        "fair_value": 28.550449,
        "relative_strength": -21.260367,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.295946,
        "energy": 40.169896,
        "activity_lines": [
          17.404667,
          18.168818,
          19.091405,
          18.883194
        ]
      },
      {
        "date": "2025-05-02",
        "close": 18.51,
        "volume": 381824,
        "typical_volume": 757400.05,
        "trend": 18.837333,
        "fair_value": 28.476731,
        "relative_strength": -19.101952,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.059084,
        "energy": 23.82065,
        "activity_lines": [
          17.725667,
          18.077,
          19.029881,
          18.860247
        ]
      },
      {
        "date": "2025-05-09",
        "close": 20.67,
        "volume": 778776,
        "typical_volume": 718641.95,
        "trend": 18.767333,
        "fair_value": 28.423333,
        "relative_strength": -8.41505,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 18.442588,
        "energy": 9.688338,
        "activity_lines": [
          18.791333,
          18.451727,
          19.172214,
          18.978484
        ]
      },
      {
        "date": "2025-05-16",
        "close": 20.68,
        "volume": 500427,
        "typical_volume": 709387.3,
        "trend": 18.69,
        "fair_value": 28.365256,
        "relative_strength": -13.187832,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 44.353386,
        "energy": 28.685561,
        "activity_lines": [
          19.607,
          18.833,
          19.29731,
          19.101882
        ]
      },
      {
        "date": "2025-05-23",
        "close": 20.26,
        "volume": 429030,
        "typical_volume": 693073.6,
        "trend": 18.676667,
        "fair_value": 28.303397,
        "relative_strength": -11.908451,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.96113,
        "energy": 33.161832,
        "activity_lines": [
          20.046,
          19.129182,
          19.368786,
          19.203172
        ]
      },
      {
        "date": "2025-05-30",
        "close": 21.45,
        "volume": 318324,
        "typical_volume": 674384.25,
        "trend": 18.716667,
        "fair_value": 28.254038,
        "relative_strength": -7.416464,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 65.814957,
        "energy": 53.516308,
        "activity_lines": [
          20.678667,
          19.62,
          19.544738,
          19.382097
        ]
      },
      {
        "date": "2025-06-06",
        "close": 22.06,
        "volume": 474952,
        "typical_volume": 669493.4,
        "trend": 18.972333,
        "fair_value": 28.217436,
        "relative_strength": -5.700398,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.264066,
        "energy": 67.168125,
        "activity_lines": [
          21.260667,
          20.189,
          19.763976,
          19.597796
        ]
      },
      {
        "date": "2025-06-13",
        "close": 22.02,
        "volume": 478344,
        "typical_volume": 667804.45,
        "trend": 19.246667,
        "fair_value": 28.194551,
        "relative_strength": -4.514125,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.323552,
        "energy": 67.74896,
        "activity_lines": [
          21.592667,
          20.692909,
          19.96531,
          19.794419
        ]
      },
      {
        "date": "2025-06-20",
        "close": 22.6,
        "volume": 390951,
        "typical_volume": 654644.45,
        "trend": 19.486,
        "fair_value": 28.173269,
        "relative_strength": -1.223159,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.620422,
        "energy": 71.321442,
        "activity_lines": [
          22.028,
          21.208636,
          20.209738,
          20.010763
        ]
      },
      {
        "date": "2025-06-27",
        "close": 23.94,
        "volume": 532879,
        "typical_volume": 551014.15,
        "trend": 19.756333,
        "fair_value": 28.165897,
        "relative_strength": 1.203426,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.891597,
        "energy": 77.557109,
        "activity_lines": [
          22.782,
          21.868545,
          20.564881,
          20.298118
        ]
      },
      {
        "date": "2025-07-04",
        "close": 24.82,
        "volume": 389450,
        "typical_volume": 527254.05,
        "trend": 20.004333,
        "fair_value": 28.1575,
        "relative_strength": 3.890225,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.629282,
        "energy": 85.480196,
        "activity_lines": [
          23.584,
          22.566182,
          21.0025,
          20.624806
        ]
      },
      {
        "date": "2025-07-11",
        "close": 23.95,
        "volume": 476490,
        "typical_volume": 491625.7,
        "trend": 20.198667,
        "fair_value": 28.143846,
        "relative_strength": 1.306713,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.024644,
        "energy": 81.666781,
        "activity_lines": [
          23.871333,
          22.975091,
          21.344595,
          20.879366
        ]
      },
      {
        "date": "2025-07-18",
        "close": 23.64,
        "volume": 523606,
        "typical_volume": 480218.45,
        "trend": 20.425,
        "fair_value": 28.116346,
        "relative_strength": -0.396441,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.897359,
        "energy": 76.851697,
        "activity_lines": [
          23.929333,
          23.228727,
          21.650595,
          21.101387
        ]
      },
      {
        "date": "2025-07-25",
        "close": 23.19,
        "volume": 413957,
        "typical_volume": 467974.3,
        "trend": 20.604,
        "fair_value": 28.076667,
        "relative_strength": -2.095838,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.661857,
        "energy": 58.934744,
        "activity_lines": [
          23.729333,
          23.346545,
          21.900833,
          21.279774
        ]
      },
      {
        "date": "2025-08-01",
        "close": 20.86,
        "volume": 406460,
        "typical_volume": 464359.5,
        "trend": 20.686,
        "fair_value": 28.007179,
        "relative_strength": -8.854222,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.248629,
        "energy": 26.249116,
        "activity_lines": [
          22.713333,
          22.995091,
          21.914929,
          21.29629
        ]
      },
      {
        "date": "2025-08-08",
        "close": 21.81,
        "volume": 383136,
        "typical_volume": 459858.2,
        "trend": 20.801667,
        "fair_value": 27.932244,
        "relative_strength": -7.12152,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.061838,
        "energy": 23.545805,
        "activity_lines": [
          22.219333,
          22.805455,
          22.010952,
          21.368806
        ]
      },
      {
        "date": "2025-08-15",
        "close": 21.55,
        "volume": 472937,
        "typical_volume": 465744.3,
        "trend": 20.883333,
        "fair_value": 27.857692,
        "relative_strength": -7.760156,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.562844,
        "energy": 25.149148,
        "activity_lines": [
          21.839333,
          22.562,
          22.071929,
          21.417086
        ]
      },
      {
        "date": "2025-08-22",
        "close": 23.19,
        "volume": 532460,
        "typical_volume": 462040.1,
        "trend": 21.007333,
        "fair_value": 27.797372,
        "relative_strength": 1.032983,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.863598,
        "energy": 26.182514,
        "activity_lines": [
          22.166,
          22.626,
          22.276381,
          21.565903
        ]
      },
      {
        "date": "2025-08-29",
        "close": 22.96,
        "volume": 595163,
        "typical_volume": 453959.2,
        "trend": 21.137667,
        "fair_value": 27.741667,
        "relative_strength": 1.164572,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.699529,
        "energy": 19.746024,
        "activity_lines": [
          22.446,
          22.626909,
          22.428833,
          21.691882
        ]
      },
      {
        "date": "2025-09-05",
        "close": 22.35,
        "volume": 380313,
        "typical_volume": 460680.3,
        "trend": 21.094,
        "fair_value": 27.682692,
        "relative_strength": -1.645013,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.436987,
        "energy": 23.37805,
        "activity_lines": [
          22.538,
          22.510364,
          22.495429,
          21.770097
        ]
      },
      {
        "date": "2025-09-12",
        "close": 23.91,
        "volume": 852308,
        "typical_volume": 485589.35,
        "trend": 21.152333,
        "fair_value": 27.633718,
        "relative_strength": 3.540396,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 60.38519,
        "energy": 35.90138,
        "activity_lines": [
          23.050667,
          22.706364,
          22.686143,
          21.951774
        ]
      },
      {
        "date": "2025-09-19",
        "close": 23.76,
        "volume": 609042,
        "typical_volume": 496950.25,
        "trend": 21.192,
        "fair_value": 27.601474,
        "relative_strength": 1.078847,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.139742,
        "energy": 36.583814,
        "activity_lines": [
          23.373333,
          22.891636,
          22.832714,
          22.120011
        ]
      },
      {
        "date": "2025-09-26",
        "close": 22.54,
        "volume": 419749,
        "typical_volume": 478998.9,
        "trend": 21.245667,
        "fair_value": 27.570449,
        "relative_strength": -3.261688,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.279114,
        "energy": 28.919121,
        "activity_lines": [
          23.142,
          22.858545,
          22.838095,
          22.206978
        ]
      },
      {
        "date": "2025-10-03",
        "close": 22.79,
        "volume": 423779,
        "typical_volume": 475166.5,
        "trend": 21.332,
        "fair_value": 27.538846,
        "relative_strength": -3.255289,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.046012,
        "energy": 27.029556,
        "activity_lines": [
          23.037333,
          22.890909,
          22.858381,
          22.306613
        ]
      },
      {
        "date": "2025-10-10",
        "close": 21.04,
        "volume": 376453,
        "typical_volume": 472537.65,
        "trend": 21.397833,
        "fair_value": 27.495513,
        "relative_strength": -8.127051,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 3.880412,
        "energy": 4.992092,
        "activity_lines": [
          22.360667,
          22.612364,
          22.701952,
          22.287774
        ]
      },
      {
        "date": "2025-10-17",
        "close": 23.28,
        "volume": 459412,
        "typical_volume": 479592.05,
        "trend": 21.518833,
        "fair_value": 27.454455,
        "relative_strength": -0.369624,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.811566,
        "energy": 13.481656,
        "activity_lines": [
          22.518,
          22.737818,
          22.755143,
          22.409204
        ]
      },
      {
        "date": "2025-10-24",
        "close": 25.06,
        "volume": 356361,
        "typical_volume": 473662.5,
        "trend": 21.724833,
        "fair_value": 27.406891,
        "relative_strength": 5.028384,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 61.631468,
        "energy": 28.071325,
        "activity_lines": [
          23.310667,
          23.160182,
          22.969143,
          22.637667
        ]
      },
      {
        "date": "2025-10-31",
        "close": 24.96,
        "volume": 510460,
        "typical_volume": 475268.3,
        "trend": 21.9945,
        "fair_value": 27.384135,
        "relative_strength": 2.725454,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.698382,
        "energy": 40.643897,
        "activity_lines": [
          23.983333,
          23.500545,
          23.159333,
          22.846387
        ]
      },
      {
        "date": "2025-11-07",
        "close": 22.81,
        "volume": 645645,
        "typical_volume": 488003.0,
        "trend": 22.183833,
        "fair_value": 27.339647,
        "relative_strength": -3.592047,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 45.917823,
        "energy": 37.203233,
        "activity_lines": [
          23.778,
          23.417818,
          23.130762,
          22.899
        ]
      },
      {
        "date": "2025-11-14",
        "close": 22.11,
        "volume": 501640,
        "typical_volume": 486441.05,
        "trend": 22.347,
        "fair_value": 27.276955,
        "relative_strength": -6.803338,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.502209,
        "energy": 21.213587,
        "activity_lines": [
          23.338,
          23.210545,
          23.034524,
          22.894237
        ]
      },
      {
        "date": "2025-11-21",
        "close": 21.1,
        "volume": 773073,
        "typical_volume": 505622.2,
        "trend": 22.462333,
        "fair_value": 27.205609,
        "relative_strength": -8.459291,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 1.193549,
        "energy": 5.43532,
        "activity_lines": [
          22.49,
          22.824,
          22.85081,
          22.813785
        ]
      },
      {
        "date": "2025-11-28",
        "close": 22.11,
        "volume": 387209,
        "typical_volume": 501158.15,
        "trend": 22.582333,
        "fair_value": 27.136827,
        "relative_strength": -8.798821,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.732433,
        "energy": 19.571998,
        "activity_lines": [
          22.124,
          22.672182,
          22.781,
          22.791054
        ]
      },
      {
        "date": "2025-12-05",
        "close": 21.02,
        "volume": 581427,
        "typical_volume": 504049.2,
        "trend": 22.594,
        "fair_value": 27.073814,
        "relative_strength": -14.176202,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.667846,
        "energy": 32.028936,
        "activity_lines": [
          21.591333,
          22.352182,
          22.616143,
          22.690258
        ]
      },
      {
        "date": "2025-12-12",
        "close": 21.27,
        "volume": 496924,
        "typical_volume": 508197.55,
        "trend": 22.613667,
        "fair_value": 27.011955,
        "relative_strength": -11.491134,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -58.483124,
        "energy": 52.829461,
        "activity_lines": [
          21.404667,
          22.105273,
          22.487571,
          22.604839
        ]
      },
      {
        "date": "2025-12-19",
        "close": 20.87,
        "volume": 639445,
        "typical_volume": 519846.8,
        "trend": 22.634,
        "fair_value": 26.946378,
        "relative_strength": -13.687587,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.409644,
        "energy": 53.476372,
        "activity_lines": [
          21.187333,
          21.813273,
          22.330048,
          22.492344
        ]
      },
      {
        "date": "2025-12-26",
        "close": 21.42,
        "volume": 221638,
        "typical_volume": 511771.9,
        "trend": 22.633,
        "fair_value": 26.88375,
        "relative_strength": -12.498979,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.177821,
        "energy": 46.846538,
        "activity_lines": [
          21.236,
          21.624364,
          22.224857,
          22.414022
        ]
      },
      {
        "date": "2026-01-02",
        "close": 21.6,
        "volume": 384445,
        "typical_volume": 507347.3,
        "trend": 22.617667,
        "fair_value": 26.828814,
        "relative_strength": -10.19481,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.948512,
        "energy": 31.818976,
        "activity_lines": [
          21.323333,
          21.502,
          22.138667,
          22.347376
        ]
      },
      {
        "date": "2026-01-09",
        "close": 21.44,
        "volume": 460470,
        "typical_volume": 503747.8,
        "trend": 22.598333,
        "fair_value": 26.761635,
        "relative_strength": -12.693592,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.439628,
        "energy": 27.268808,
        "activity_lines": [
          21.391333,
          21.413455,
          22.037,
          22.271398
        ]
      },
      {
        "date": "2026-01-16",
        "close": 22.39,
        "volume": 512479,
        "typical_volume": 499613.6,
        "trend": 22.591333,
        "fair_value": 26.705609,
        "relative_strength": -8.000086,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.744395,
        "energy": 15.445789,
        "activity_lines": [
          21.748,
          21.561636,
          22.034143,
          22.257957
        ]
      },
      {
        "date": "2026-01-23",
        "close": 21.16,
        "volume": 347195,
        "typical_volume": 497957.7,
        "trend": 22.498667,
        "fair_value": 26.641635,
        "relative_strength": -13.131492,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.5465,
        "energy": 18.278995,
        "activity_lines": [
          21.62,
          21.493818,
          21.916857,
          22.165613
        ]
      },
      {
        "date": "2026-01-30",
        "close": 21.81,
        "volume": 512846,
        "typical_volume": 480984.6,
        "trend": 22.398333,
        "fair_value": 26.536827,
        "relative_strength": -10.270722,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.175771,
        "energy": 14.302241,
        "activity_lines": [
          21.689333,
          21.561455,
          21.867143,
          22.121183
        ]
      },
      {
        "date": "2026-02-06",
        "close": 26.36,
        "volume": 1277142,
        "typical_volume": 514389.6,
        "trend": 22.478667,
        "fair_value": 26.477276,
        "relative_strength": 10.744139,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 39.156371,
        "energy": 35.054933,
        "activity_lines": [
          23.249333,
          22.443455,
          22.260762,
          22.376774
        ]
      },
      {
        "date": "2026-02-13",
        "close": 24.96,
        "volume": 627403,
        "typical_volume": 524772.3,
        "trend": 22.522667,
        "fair_value": 26.408109,
        "relative_strength": 6.204775,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.099954,
        "energy": 53.009676,
        "activity_lines": [
          24.025333,
          22.993636,
          22.508667,
          22.53686
        ]
      },
      {
        "date": "2026-02-20",
        "close": 24.7,
        "volume": 472262,
        "typical_volume": 527196.45,
        "trend": 22.573,
        "fair_value": 26.344455,
        "relative_strength": 4.039544,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 63.007074,
        "energy": 69.077932,
        "activity_lines": [
          24.48,
          23.424909,
          22.720286,
          22.677333
        ]
      },
      {
        "date": "2026-02-27",
        "close": 25.04,
        "volume": 605400,
        "typical_volume": 538643.8,
        "trend": 22.712333,
        "fair_value": 26.267276,
        "relative_strength": 5.74406,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.715073,
        "energy": 73.500286,
        "activity_lines": [
          24.894,
          23.855636,
          22.95519,
          22.836495
        ]
      },
      {
        "date": "2026-03-06",
        "close": 24.95,
        "volume": 530102,
        "typical_volume": 542178.3,
        "trend": 22.817,
        "fair_value": 26.203365,
        "relative_strength": 6.671767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.010674,
        "energy": 66.068206,
        "activity_lines": [
          25.019333,
          24.194182,
          23.162476,
          22.98086
        ]
      },
      {
        "date": "2026-03-13",
        "close": 24.62,
        "volume": 385789,
        "typical_volume": 543649.7,
        "trend": 22.919333,
        "fair_value": 26.141635,
        "relative_strength": 6.250242,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.357411,
        "energy": 45.868383,
        "activity_lines": [
          24.825333,
          24.408545,
          23.330381,
          23.097183
        ]
      },
      {
        "date": "2026-03-20",
        "close": 25.07,
        "volume": 555318,
        "typical_volume": 545892.6,
        "trend": 22.982,
        "fair_value": 26.080545,
        "relative_strength": 10.250941,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.365823,
        "energy": 39.893646,
        "activity_lines": [
          24.897333,
          24.649818,
          23.543238,
          23.235935
        ]
      },
      {
        "date": "2026-03-27",
        "close": 22.93,
        "volume": 592456,
        "typical_volume": 543233.15,
        "trend": 22.981,
        "fair_value": 26.006635,
        "relative_strength": 4.186056,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.154315,
        "energy": 20.682665,
        "activity_lines": [
          24.248667,
          24.436,
          23.551762,
          23.232581
        ]
      },
      {
        "date": "2026-04-03",
        "close": 20.205,
        "volume": 1415461,
        "typical_volume": 588924.2,
        "trend": 22.9095,
        "fair_value": 25.919615,
        "relative_strength": -11.468599,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -15.306477,
        "energy": 16.377404,
        "activity_lines": [
          22.809667,
          23.716909,
          23.30019,
          23.053484
        ]
      },
      {
        "date": "2026-04-10",
        "close": 21.99,
        "volume": 1071011,
        "typical_volume": 603821.1,
        "trend": 22.8455,
        "fair_value": 25.8425,
        "relative_strength": -7.675026,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.225379,
        "energy": 16.482311,
        "activity_lines": [
          22.288,
          23.339727,
          23.22769,
          22.994161
        ]
      },
      {
        "date": "2026-04-17",
        "close": 22.8,
        "volume": 1067440,
        "typical_volume": 637832.65,
        "trend": 22.8135,
        "fair_value": 25.780288,
        "relative_strength": -9.678157,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.310382,
        "energy": 21.29687,
        "activity_lines": [
          22.233667,
          23.106545,
          23.228095,
          22.991226
        ]
      },
      {
        "date": "2026-04-24",
        "close": 23.36,
        "volume": 938791,
        "typical_volume": 655700.85,
        "trend": 22.840833,
        "fair_value": 25.719712,
        "relative_strength": -9.352851,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -8.479988,
        "energy": 16.468189,
        "activity_lines": [
          22.487333,
          23.039909,
          23.278548,
          23.026484
        ]
      },
      {
        "date": "2026-05-01",
        "close": 23.12,
        "volume": 725713,
        "typical_volume": 667140.3,
        "trend": 22.851833,
        "fair_value": 25.688237,
        "relative_strength": -11.48817,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.941217,
        "energy": 6.259577,
        "activity_lines": [
          22.775,
          22.958727,
          23.295,
          23.044495
        ]
      },
      {
        "date": "2026-05-08",
        "close": 15.81,
        "volume": 2447875,
        "typical_volume": 757561.8,
        "trend": 22.6775,
        "fair_value": 25.598429,
        "relative_strength": -42.045549,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.552276,
        "energy": 51.75916,
        "activity_lines": [
          20.613333,
          21.577182,
          22.606452,
          22.590183
        ]
      },
      {
        "date": "2026-05-15",
        "close": 16.0,
        "volume": 1364990,
        "typical_volume": 814729.4,
        "trend": 22.434833,
        "fair_value": 25.501827,
        "relative_strength": -40.646005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.48051,
        "energy": 74.279183,
        "activity_lines": [
          18.808,
          20.398,
          21.960095,
          22.159376
        ]
      },
      {
        "date": "2026-05-22",
        "close": 17.59,
        "volume": 1001047,
        "typical_volume": 845559.5,
        "trend": 22.185833,
        "fair_value": 25.414904,
        "relative_strength": -35.02405,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.374333,
        "energy": 74.159338,
        "activity_lines": [
          17.932,
          19.670636,
          21.490976,
          21.846806
        ]
      },
      {
        "date": "2026-05-29",
        "close": 17.77,
        "volume": 582762,
        "typical_volume": 851674.1,
        "trend": 21.946167,
        "fair_value": 25.327468,
        "relative_strength": -35.634719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.586856,
        "energy": 76.179388,
        "activity_lines": [
          17.463333,
          19.103818,
          21.058095,
          21.561914
        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.04,
        "volume": 936047,
        "typical_volume": 872852.5,
        "trend": 21.787167,
        "fair_value": 25.240224,
        "relative_strength": -31.000488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.23338,
        "energy": 70.171039,
        "activity_lines": [
          17.457333,
          18.718818,
          20.668405,
          21.309903
        ]
      },
      {
        "date": "2026-06-12",
        "close": 19.37,
        "volume": 582040,
        "typical_volume": 884594.75,
        "trend": 21.695833,
        "fair_value": 25.154583,
        "relative_strength": -27.01446,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.909342,
        "energy": 41.189571,
        "activity_lines": [
          18.233333,
          18.664545,
          20.426095,
          21.153957
        ]
      },
      {
        "date": "2026-06-19",
        "close": 20.04,
        "volume": 875544,
        "typical_volume": 902729.65,
        "trend": 21.6605,
        "fair_value": 25.083814,
        "relative_strength": -25.835447,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.454567,
        "energy": 26.65695,
        "activity_lines": [
          18.995333,
          18.747273,
          20.256119,
          21.047129
        ]
      },
      {
        "date": "2026-06-26",
        "close": 20.47,
        "volume": 879772,
        "typical_volume": 882861.15,
        "trend": 21.605833,
        "fair_value": 25.001122,
        "relative_strength": -20.049369,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.343695,
        "energy": 20.516784,
        "activity_lines": [
          19.631333,
          18.943636,
          20.135524,
          20.970323
        ]
      },
      {
        "date": "2026-07-03",
        "close": 21.17,
        "volume": 665331,
        "typical_volume": 884757.55,
        "trend": 21.610833,
        "fair_value": 24.92766,
        "relative_strength": -17.359536,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.893279,
        "energy": 21.647103,
        "activity_lines": [
          20.308667,
          19.309636,
          20.109643,
          20.942204
        ]
      },
      {
        "date": "2026-07-10",
        "close": 21.65,
        "volume": 531934,
        "typical_volume": 887741.15,
        "trend": 21.6235,
        "fair_value": 24.867917,
        "relative_strength": -16.384293,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -14.546038,
        "energy": 18.433478,
        "activity_lines": [
          20.919333,
          19.802727,
          20.147524,
          20.944731
        ]
      },
      {
        "date": "2026-07-17",
        "close": 20.785,
        "volume": 455992,
        "typical_volume": 880270.75,
        "trend": 21.620667,
        "fair_value": 24.800641,
        "relative_strength": -15.678195,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.499288,
        "energy": 15.634259,
        "activity_lines": [
          21.001,
          20.165273,
          20.117548,
          20.890634
        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.25,
        "volume": 598945,
        "typical_volume": 883712.9,
        "trend": 21.581667,
        "fair_value": 24.735705,
        "relative_strength": -15.991799,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.073213,
        "energy": 13.205562,
        "activity_lines": [
          20.81,
          20.340091,
          20.056881,
          20.802204
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.48,
        "volume": 882118,
        "typical_volume": 908529.35,
        "trend": 21.544333,
        "fair_value": 24.673718,
        "relative_strength": -15.129832,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.154938,
        "energy": 10.390766,
        "activity_lines": [
          20.681667,
          20.479455,
          20.0405,
          20.731129
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.12,
        "volume": 632263,
        "typical_volume": 912376.6,
        "trend": 21.533667,
        "fair_value": 24.616603,
        "relative_strength": -16.31131,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.826071,
        "energy": 6.777177,
        "activity_lines": [
          20.766,
          20.682636,
          20.104786,
          20.703753
        ]
      }
    ],
    "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."
    }
  }
}