{ "ticker": { "uuid": "67520155-fa0c-4a77-b2ca-4fbd913ae851", "symbol": "RJET", "name": "Republic Airways Holdings 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 39.803, "architecture_energy": 17.064, "architecture_maturity": 43.664, "architecture_confidence": 54.181, "architecture_tenure": "Established", "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": 41.03, "rotation_up": 40.93, "upward_expansion": 57.54, "deceleration": 51.93, "rotation_down": 24.8, "downward_expansion": 23.54 }, "activity_lines": [ 19.640667, 19.319455, 19.496095, 19.340151 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.0 }, "latest_close": 21.39, "trend_reference": 19.084667, "distance_from_trend": 0.120795, "trend_direction": "Weakening", "fair_value": 17.153026, "distance_from_fair_value": 0.24701, "fair_value_direction": "Weakening", "relative_strength": -4.007753, "relative_strength_direction": "Weakening", "price_momentum": 0.079758, "excess_performance": -0.107696, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.120795, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.022435, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.24701, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.018285, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.040078, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.077627, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.079758, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.461543, "read": "Demand-led" } ], "volume": { "latest": 510051, "relative_activity": 0.680685, "balance": 1.461543, "dry_up": 0.745088, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.155734, "annualized_volatility": 0.787399, "from_high_reference": -0.198876, "from_low_reference": 0.392125 }, "levels": { "trend_reference": 19.084667, "fair_value_reference": 17.153026, "structural_low": 15.365, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.042254, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.067709, "regime_survival": 0.761905, "best_return": 0.504202, "worst_return": -0.314912, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.104167, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.128281, "regime_survival": 0.571429, "best_return": 0.732558, "worst_return": -0.565848, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.006489, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.170148, "regime_survival": 0.25, "best_return": 0.552083, "worst_return": -0.549107, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.034934, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.231333, "regime_survival": 0.5, "best_return": 0.27076, "worst_return": -0.200893, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-10-04", "tenure": "Developing", "return": -0.109434, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": -0.213675, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-01-03", "tenure": "Developing", "return": 0.471275, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": -0.154412, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.154474, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.211876, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.095238, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-07-04", "tenure": "Developing", "return": -0.126479, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.147059, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": 0.097222, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-12-12", "tenure": "Established", "return": 0.004839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-03-27", "tenure": "Established", "return": -0.166999, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.101893, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": 0.016152, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 23.7, "volume": 1236435, "typical_volume": 1520965.8, "trend": 35.205, "fair_value": 75.550481, "relative_strength": -34.27286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.196825, "energy": 59.407389, "activity_lines": [ 27.66, 30.683182, 30.847143, 32.139355 ] }, { "date": "2023-08-25", "close": 22.05, "volume": 985563, "typical_volume": 1529283.35, "trend": 34.44, "fair_value": 75.324519, "relative_strength": -39.125628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.837804, "energy": 72.344966, "activity_lines": [ 25.265, 28.718182, 30.003571, 31.290645 ] }, { "date": "2023-09-01", "close": 21.0, "volume": 690671, "typical_volume": 1521566.65, "trend": 33.605, "fair_value": 75.119712, "relative_strength": -43.440329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.437808, "energy": 76.420591, "activity_lines": [ 23.18, 26.862273, 29.117143, 30.423548 ] }, { "date": "2023-09-08", "close": 18.9, "volume": 872371, "typical_volume": 1528540.55, "trend": 32.6, "fair_value": 74.926442, "relative_strength": -47.753897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.878227, "energy": 79.885392, "activity_lines": [ 21.25, 24.853636, 28.090714, 29.474839 ] }, { "date": "2023-09-15", "close": 18.45, "volume": 1150101, "typical_volume": 1543565.65, "trend": 31.58, "fair_value": 74.725481, "relative_strength": -48.155416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.9661, "energy": 83.837512, "activity_lines": [ 19.91, 23.115, 27.087143, 28.561935 ] }, { "date": "2023-09-22", "close": 14.5875, "volume": 2502768, "typical_volume": 1571813.15, "trend": 30.51625, "fair_value": 74.534375, "relative_strength": -57.096147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.161527, "energy": 90.675215, "activity_lines": [ 17.8325, 21.042273, 25.778571, 27.465645 ] }, { "date": "2023-09-29", "close": 12.885, "volume": 2371527, "typical_volume": 1500061.45, "trend": 29.26075, "fair_value": 74.325625, "relative_strength": -61.69743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.62451, "energy": 93.068567, "activity_lines": [ 15.795, 19.000227, 24.38125, 26.328145 ] }, { "date": "2023-10-06", "close": 12.7125, "volume": 1226486, "typical_volume": 1448386.25, "trend": 28.0645, "fair_value": 74.043654, "relative_strength": -62.467118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.802441, "energy": 91.214439, "activity_lines": [ 14.311, 17.273455, 23.013286, 25.260516 ] }, { "date": "2023-10-13", "close": 12.204, "volume": 963622, "typical_volume": 1461997.75, "trend": 27.2913, "fair_value": 73.792077, "relative_strength": -63.688928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.353362, "energy": 90.771542, "activity_lines": [ 13.21, 15.838091, 21.664214, 24.237258 ] }, { "date": "2023-10-20", "close": 10.2375, "volume": 1390331, "typical_volume": 1479853.6, "trend": 26.55755, "fair_value": 73.502894, "relative_strength": -68.330906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.860404, "energy": 92.1992, "activity_lines": [ 11.8999, 14.368745, 20.189743, 23.137013 ] }, { "date": "2023-10-27", "close": 8.25, "volume": 1463120, "typical_volume": 1507508.45, "trend": 25.64755, "fair_value": 73.251933, "relative_strength": -73.490674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.2284, "energy": 92.60152, "activity_lines": [ 10.4748, 12.837355, 18.601879, 21.955881 ] }, { "date": "2023-11-03", "close": 9.624, "volume": 3245235, "typical_volume": 1521579.0, "trend": 24.83335, "fair_value": 72.984779, "relative_strength": -70.637293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.637506, "energy": 85.756835, "activity_lines": [ 9.9302, 11.836691, 17.233443, 20.922103 ] }, { "date": "2023-11-10", "close": 6.9765, "volume": 1902020, "typical_volume": 1533951.0, "trend": 23.9459, "fair_value": 72.613154, "relative_strength": -79.038424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.124378, "energy": 93.293251, "activity_lines": [ 8.7205, 10.580591, 15.750607, 19.770048 ] }, { "date": "2023-11-17", "close": 9.75, "volume": 2478299, "typical_volume": 1593718.65, "trend": 23.1809, "fair_value": 72.196808, "relative_strength": -71.00547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.178159, "energy": 83.057726, "activity_lines": [ 8.8177, 10.083736, 14.658693, 18.854184 ] }, { "date": "2023-11-24", "close": 11.703, "volume": 946366, "typical_volume": 1570249.45, "trend": 22.516, "fair_value": 71.629519, "relative_strength": -65.225145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.847902, "energy": 65.099785, "activity_lines": [ 9.7295, 10.108336, 13.888493, 18.113674 ] }, { "date": "2023-12-01", "close": 11.7, "volume": 1255565, "typical_volume": 1564996.6, "trend": 21.906, "fair_value": 70.96125, "relative_strength": -64.995367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.893935, "energy": 57.810317, "activity_lines": [ 10.5426, 10.255064, 13.246564, 17.415868 ] }, { "date": "2023-12-08", "close": 17.55, "volume": 4539220, "typical_volume": 1729424.55, "trend": 21.741, "fair_value": 70.392981, "relative_strength": -47.397128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.67952, "energy": 29.961812, "activity_lines": [ 13.0757, 11.517927, 13.264636, 17.134835 ] }, { "date": "2023-12-15", "close": 14.625, "volume": 2701356, "typical_volume": 1805028.7, "trend": 21.3335, "fair_value": 69.855481, "relative_strength": -57.315022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.4599, "energy": 31.024624, "activity_lines": [ 14.1054, 12.164155, 13.072707, 16.675739 ] }, { "date": "2023-12-22", "close": 15.15, "volume": 1803514, "typical_volume": 1848292.2, "trend": 20.9985, "fair_value": 69.347788, "relative_strength": -55.94303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.703703, "energy": 29.184848, "activity_lines": [ 14.8002, 12.871064, 13.022207, 16.276803 ] }, { "date": "2023-12-29", "close": 15.15, "volume": 1701458, "typical_volume": 1771301.4, "trend": 20.631, "fair_value": 68.801635, "relative_strength": -55.583933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.278455, "energy": 24.48657, "activity_lines": [ 15.135, 13.524409, 13.042421, 15.899481 ] }, { "date": "2024-01-05", "close": 14.4, "volume": 1525779, "typical_volume": 1785768.6, "trend": 20.216, "fair_value": 68.264135, "relative_strength": -55.53908, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.905272, "energy": 16.596289, "activity_lines": [ 14.99, 13.952073, 13.046207, 15.497481 ] }, { "date": "2024-01-12", "close": 13.1355, "volume": 1811849, "typical_volume": 1827082.9, "trend": 19.36885, "fair_value": 67.71949, "relative_strength": -59.783219, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.688648, "energy": 11.294746, "activity_lines": [ 14.2435, 14.038009, 12.97385, 15.040674 ] }, { "date": "2024-01-19", "close": 14.4, "volume": 71482151, "typical_volume": 5366656.9, "trend": 18.72885, "fair_value": 67.176221, "relative_strength": -56.023137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.03013, "energy": 13.912307, "activity_lines": [ 14.2128, 14.290009, 13.064371, 14.720103 ] }, { "date": "2024-01-26", "close": 14.8485, "volume": 11776273, "typical_volume": 5911852.0, "trend": 17.9488, "fair_value": 66.643519, "relative_strength": -53.581037, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.203955, "energy": 12.190097, "activity_lines": [ 14.3466, 14.488582, 13.229036, 14.469758 ] }, { "date": "2024-02-02", "close": 13.7595, "volume": 2392832, "typical_volume": 5973988.55, "trend": 17.11745, "fair_value": 66.046144, "relative_strength": -56.173918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.728833, "energy": 13.486722, "activity_lines": [ 14.1375, 14.396455, 13.309279, 14.199481 ] }, { "date": "2024-02-09", "close": 14.2905, "volume": 1423914, "typical_volume": 5920045.85, "trend": 16.4838, "fair_value": 65.181981, "relative_strength": -53.713233, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.503105, "energy": 10.661998, "activity_lines": [ 14.1981, 14.363482, 13.462429, 14.017097 ] }, { "date": "2024-02-16", "close": 15.0, "volume": 1466802, "typical_volume": 5874809.6, "trend": 15.9188, "fair_value": 64.110827, "relative_strength": -48.886822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.103487, "energy": 5.466206, "activity_lines": [ 14.5025, 14.412409, 13.684564, 13.921368 ] }, { "date": "2024-02-23", "close": 13.911, "volume": 735550, "typical_volume": 5850262.8, "trend": 15.255, "fair_value": 63.026923, "relative_strength": -51.512531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.220976, "energy": 3.300896, "activity_lines": [ 14.3196, 14.3097, 13.792914, 13.791832 ] }, { "date": "2024-03-01", "close": 14.187, "volume": 1539200, "typical_volume": 5879041.7, "trend": 14.7279, "fair_value": 61.907288, "relative_strength": -49.489537, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.123513, "energy": 6.119147, "activity_lines": [ 14.2613, 14.270155, 13.921843, 13.722929 ] }, { "date": "2024-03-08", "close": 13.1715, "volume": 1245669, "typical_volume": 5871808.6, "trend": 14.27695, "fair_value": 60.524894, "relative_strength": -50.283796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.658117, "energy": 9.486068, "activity_lines": [ 13.9086, 14.063482, 13.944614, 13.622516 ] }, { "date": "2024-03-15", "close": 11.8785, "volume": 1301594, "typical_volume": 5863732.3, "trend": 13.8829, "fair_value": 59.209692, "relative_strength": -53.307755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.015604, "energy": 22.464545, "activity_lines": [ 13.1641, 13.657691, 13.830271, 13.467777 ] }, { "date": "2024-03-22", "close": 12.8805, "volume": 727308, "typical_volume": 5737835.95, "trend": 13.57725, "fair_value": 58.013413, "relative_strength": -49.599085, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.386582, "energy": 21.458773, "activity_lines": [ 12.9144, 13.479927, 13.794079, 13.403106 ] }, { "date": "2024-03-29", "close": 13.194, "volume": 504584, "typical_volume": 5667964.15, "trend": 13.31705, "fair_value": 56.820106, "relative_strength": -46.63049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.089332, "energy": 19.662159, "activity_lines": [ 12.9105, 13.3638, 13.772236, 13.378381 ] }, { "date": "2024-04-05", "close": 12.9, "volume": 992896, "typical_volume": 5593694.0, "trend": 13.11705, "fair_value": 55.656644, "relative_strength": -45.934758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.079564, "energy": 19.268779, "activity_lines": [ 12.8564, 13.216145, 13.692786, 13.351474 ] }, { "date": "2024-04-12", "close": 12.3, "volume": 491376, "typical_volume": 5570944.5, "trend": 12.91205, "fair_value": 54.572029, "relative_strength": -46.71302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.842469, "energy": 17.097715, "activity_lines": [ 12.6881, 12.994827, 13.541193, 13.298761 ] }, { "date": "2024-04-19", "close": 12.6765, "volume": 524115, "typical_volume": 5534372.0, "trend": 12.84835, "fair_value": 53.570596, "relative_strength": -40.355072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.915138, "energy": 15.520645, "activity_lines": [ 12.7034, 12.8685, 13.422614, 13.283565 ] }, { "date": "2024-04-26", "close": 13.7985, "volume": 853487, "typical_volume": 5350085.35, "trend": 12.8788, "fair_value": 52.576356, "relative_strength": -35.934072, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.630522, "energy": 13.639471, "activity_lines": [ 13.0395, 12.975518, 13.406243, 13.344865 ] }, { "date": "2024-05-03", "close": 13.35, "volume": 916054, "typical_volume": 5260820.25, "trend": 12.90005, "fair_value": 51.589817, "relative_strength": -37.132969, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 13.363921, "energy": 7.345822, "activity_lines": [ 13.1649, 13.022836, 13.365021, 13.375265 ] }, { "date": "2024-05-10", "close": 13.824, "volume": 871956, "typical_volume": 5214242.35, "trend": 12.95405, "fair_value": 50.661125, "relative_strength": -34.883348, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.315986, "energy": 13.919371, "activity_lines": [ 13.4379, 13.166536, 13.375014, 13.434874 ] }, { "date": "2024-05-17", "close": 13.0515, "volume": 878906, "typical_volume": 5173114.75, "trend": 13.04785, "fair_value": 49.74575, "relative_strength": -38.57716, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 16.054264, "energy": 11.973451, "activity_lines": [ 13.3918, 13.176382, 13.31775, 13.441161 ] }, { "date": "2024-05-24", "close": 17.85, "volume": 6680794, "typical_volume": 5430865.5, "trend": 13.36785, "fair_value": 48.925558, "relative_strength": -15.967514, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.727224, "energy": 53.427532, "activity_lines": [ 14.8951, 14.060864, 13.727479, 13.750977 ] }, { "date": "2024-05-31", "close": 18.3, "volume": 851900, "typical_volume": 5382868.05, "trend": 13.65705, "fair_value": 48.127481, "relative_strength": -11.225011, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.178718, "energy": 74.156489, "activity_lines": [ 16.2035, 14.918591, 14.163636, 14.069181 ] }, { "date": "2024-06-07", "close": 20.175, "volume": 2229161, "typical_volume": 1920218.55, "trend": 14.097, "fair_value": 47.312577, "relative_strength": -3.391935, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.402239, "energy": 84.075898, "activity_lines": [ 17.8368, 16.018691, 14.753771, 14.489694 ] }, { "date": "2024-06-14", "close": 16.5, "volume": 865874, "typical_volume": 1374698.6, "trend": 14.322, "fair_value": 46.534692, "relative_strength": -21.281648, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.037069, "energy": 74.444491, "activity_lines": [ 17.7901, 16.323682, 14.966407, 14.644726 ] }, { "date": "2024-06-21", "close": 26.85, "volume": 7396614, "typical_volume": 1624887.7, "trend": 14.8269, "fair_value": 45.817385, "relative_strength": 29.960587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.996495, "energy": 89.824903, "activity_lines": [ 21.015, 18.445036, 16.156893, 15.452984 ] }, { "date": "2024-06-28", "close": 25.65, "volume": 1871241, "typical_volume": 1647254.05, "trend": 15.2919, "fair_value": 45.085654, "relative_strength": 27.106729, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.973321, "energy": 90.85756, "activity_lines": [ 22.92, 20.083664, 17.170757, 16.151248 ] }, { "date": "2024-07-05", "close": 22.35, "volume": 2294227, "typical_volume": 1688625.3, "trend": 15.4519, "fair_value": 44.375077, "relative_strength": 10.030003, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.036038, "energy": 74.770989, "activity_lines": [ 23.205, 20.886409, 17.816243, 16.60661 ] }, { "date": "2024-07-12", "close": 23.85, "volume": 824024, "typical_volume": 1693049.0, "trend": 15.7594, "fair_value": 43.672192, "relative_strength": 20.001565, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.29695, "energy": 78.642137, "activity_lines": [ 23.72, 21.8064, 18.569586, 17.148423 ] }, { "date": "2024-07-19", "close": 25.725, "volume": 1423626, "typical_volume": 1687270.3, "trend": 16.1119, "fair_value": 42.974596, "relative_strength": 36.832996, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.009594, "energy": 60.592202, "activity_lines": [ 24.615, 22.876391, 19.454171, 17.791365 ] }, { "date": "2024-07-26", "close": 23.625, "volume": 668993, "typical_volume": 1658436.5, "trend": 16.3944, "fair_value": 42.268346, "relative_strength": 31.407058, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.579903, "energy": 50.560126, "activity_lines": [ 24.195, 23.348182, 20.083814, 18.276081 ] }, { "date": "2024-08-02", "close": 21.45, "volume": 976824, "typical_volume": 1642198.0, "trend": 16.6294, "fair_value": 41.5395, "relative_strength": 25.159709, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.550782, "energy": 42.648142, "activity_lines": [ 23.265, 23.232273, 20.456536, 18.602248 ] }, { "date": "2024-08-09", "close": 19.5, "volume": 1529537, "typical_volume": 1682309.45, "trend": 16.84155, "fair_value": 40.891423, "relative_strength": 15.107562, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.650171, "energy": 28.075283, "activity_lines": [ 21.965, 22.696364, 20.597964, 18.787448 ] }, { "date": "2024-08-16", "close": 19.875, "volume": 1014426, "typical_volume": 1707801.55, "trend": 17.02405, "fair_value": 40.311135, "relative_strength": 12.668942, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.860938, "energy": 22.095632, "activity_lines": [ 20.98, 22.206818, 20.743586, 18.983155 ] }, { "date": "2024-08-23", "close": 19.05, "volume": 821973, "typical_volume": 1699255.4, "trend": 17.1641, "fair_value": 39.65825, "relative_strength": 8.066198, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.378201, "energy": 23.111137, "activity_lines": [ 19.985, 21.572727, 20.778821, 19.113861 ] }, { "date": "2024-08-30", "close": 18.45, "volume": 465758, "typical_volume": 1697974.5, "trend": 17.32045, "fair_value": 39.021712, "relative_strength": 6.444329, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.944019, "energy": 19.188193, "activity_lines": [ 19.235, 20.783182, 20.727629, 19.196823 ] }, { "date": "2024-09-06", "close": 17.55, "volume": 483496, "typical_volume": 1695943.55, "trend": 17.4291, "fair_value": 38.42075, "relative_strength": 8.159411, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.457327, "energy": 15.805048, "activity_lines": [ 18.53, 19.982727, 20.561436, 19.211632 ] }, { "date": "2024-09-13", "close": 18.9, "volume": 633696, "typical_volume": 1684954.0, "trend": 17.5591, "fair_value": 37.779404, "relative_strength": 10.556735, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.149348, "energy": 16.454207, "activity_lines": [ 18.535, 19.575, 20.500607, 19.306529 ] }, { "date": "2024-09-20", "close": 17.25, "volume": 772772, "typical_volume": 1677789.9, "trend": 17.6704, "fair_value": 37.127481, "relative_strength": -0.301588, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.134669, "energy": 24.893928, "activity_lines": [ 18.03, 18.93, 20.258343, 19.286587 ] }, { "date": "2024-09-27", "close": 17.7, "volume": 1165370, "typical_volume": 1692460.6, "trend": 17.7875, "fair_value": 36.465942, "relative_strength": 1.243249, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.001907, "energy": 30.479793, "activity_lines": [ 17.85, 18.486818, 20.040364, 19.288497 ] }, { "date": "2024-10-04", "close": 17.7, "volume": 543702, "typical_volume": 1675700.4, "trend": 17.93845, "fair_value": 35.823635, "relative_strength": 1.058544, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.394719, "energy": 31.5734, "activity_lines": [ 17.76, 18.189545, 19.803929, 19.282852 ] }, { "date": "2024-10-11", "close": 17.55, "volume": 720983, "typical_volume": 1377709.85, "trend": 18.1275, "fair_value": 35.203442, "relative_strength": -1.126915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.40278, "energy": 29.999534, "activity_lines": [ 17.67, 17.972727, 19.531071, 19.25779 ] }, { "date": "2024-10-18", "close": 13.635, "volume": 3687032, "typical_volume": 1519466.45, "trend": 18.15265, "fair_value": 34.532192, "relative_strength": -23.294435, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.311301, "energy": 51.765071, "activity_lines": [ 16.275, 17.115, 18.886786, 18.967952 ] }, { "date": "2024-10-25", "close": 13.3305, "volume": 1313960, "typical_volume": 1473706.4, "trend": 18.1572, "fair_value": 33.892644, "relative_strength": -25.250406, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.661048, "energy": 66.804203, "activity_lines": [ 15.1295, 16.308545, 18.235714, 18.656845 ] }, { "date": "2024-11-01", "close": 13.797, "volume": 562475, "typical_volume": 1458536.45, "trend": 18.1871, "fair_value": 33.144548, "relative_strength": -21.464189, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.860439, "energy": 70.553647, "activity_lines": [ 14.4008, 15.7059, 17.661664, 18.375542 ] }, { "date": "2024-11-08", "close": 13.8, "volume": 1104013, "typical_volume": 1143906.4, "trend": 18.2371, "fair_value": 32.423394, "relative_strength": -25.855464, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.144985, "energy": 82.20588, "activity_lines": [ 13.9333, 15.199309, 17.100771, 18.092503 ] }, { "date": "2024-11-15", "close": 12.846, "volume": 1292224, "typical_volume": 1114955.55, "trend": 18.24275, "fair_value": 31.754779, "relative_strength": -28.555734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.942599, "energy": 84.71598, "activity_lines": [ 13.4078, 14.603809, 16.511164, 17.74469 ] }, { "date": "2024-11-22", "close": 13.056, "volume": 673765, "typical_volume": 1033932.45, "trend": 18.218, "fair_value": 31.146163, "relative_strength": -28.543011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.58674, "energy": 79.982249, "activity_lines": [ 13.2659, 14.132018, 16.002529, 17.410061 ] }, { "date": "2024-11-29", "close": 16.2, "volume": 1579530, "typical_volume": 1071707.75, "trend": 18.313, "fair_value": 30.59424, "relative_strength": -12.096113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.405362, "energy": 47.370494, "activity_lines": [ 14.2106, 14.338118, 15.837579, 17.279868 ] }, { "date": "2024-12-06", "close": 15.75, "volume": 1459479, "typical_volume": 1073500.4, "trend": 18.3772, "fair_value": 30.145202, "relative_strength": -16.583407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.91719, "energy": 34.82478, "activity_lines": [ 14.814, 14.481491, 15.6662, 17.114513 ] }, { "date": "2024-12-13", "close": 16.05, "volume": 707037, "typical_volume": 1075402.6, "trend": 18.47715, "fair_value": 29.716356, "relative_strength": -15.367739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.609767, "energy": 25.365336, "activity_lines": [ 15.3872, 14.714864, 15.570893, 16.964371 ] }, { "date": "2024-12-20", "close": 16.95, "volume": 1326275, "typical_volume": 1092875.15, "trend": 18.44715, "fair_value": 29.271163, "relative_strength": -8.349828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.547521, "energy": 28.006438, "activity_lines": [ 16.1104, 15.141873, 15.597371, 16.865845 ] }, { "date": "2024-12-27", "close": 19.65, "volume": 1179415, "typical_volume": 1075369.05, "trend": 18.49215, "fair_value": 28.858663, "relative_strength": 5.266199, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 13.768108, "energy": 25.987655, "activity_lines": [ 17.46, 16.0707, 15.902421, 16.943448 ] }, { "date": "2025-01-03", "close": 18.9, "volume": 1117929, "typical_volume": 1080544.2, "trend": 18.44965, "fair_value": 28.433663, "relative_strength": 2.029003, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 9.03982, "energy": 27.829779, "activity_lines": [ 18.12, 16.7538, 16.135329, 16.969761 ] }, { "date": "2025-01-10", "close": 20.4, "volume": 2034402, "typical_volume": 1141165.65, "trend": 18.57965, "fair_value": 28.018279, "relative_strength": 12.119235, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.38371, "energy": 42.34196, "activity_lines": [ 19.1, 17.608364, 16.515736, 17.09559 ] }, { "date": "2025-01-17", "close": 19.95, "volume": 1250869, "typical_volume": 1180421.2, "trend": 18.34965, "fair_value": 27.675971, "relative_strength": 6.369019, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.354322, "energy": 59.600809, "activity_lines": [ 19.62, 18.261055, 16.846857, 17.184 ] }, { "date": "2025-01-24", "close": 19.65, "volume": 646531, "typical_volume": 1188572.95, "trend": 18.14965, "fair_value": 27.352894, "relative_strength": 3.106234, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.837031, "energy": 56.914877, "activity_lines": [ 19.78, 18.747382, 17.142264, 17.267894 ] }, { "date": "2025-01-31", "close": 18.9, "volume": 879139, "typical_volume": 1200845.1, "trend": 18.03465, "fair_value": 27.014433, "relative_strength": 0.354126, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.544824, "energy": 43.192393, "activity_lines": [ 19.51, 18.973636, 17.356243, 17.316303 ] }, { "date": "2025-02-07", "close": 18.75, "volume": 845292, "typical_volume": 1204471.1, "trend": 17.86465, "fair_value": 26.687029, "relative_strength": -0.719263, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.69897, "energy": 27.895006, "activity_lines": [ 19.24, 19.066364, 17.555936, 17.362455 ] }, { "date": "2025-02-14", "close": 16.35, "volume": 1500444, "typical_volume": 1221224.8, "trend": 17.55215, "fair_value": 26.336067, "relative_strength": -15.667911, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -1.167437, "energy": 6.886579, "activity_lines": [ 18.18, 18.676364, 17.519914, 17.264735 ] }, { "date": "2025-02-21", "close": 17.25, "volume": 791678, "typical_volume": 1233623.6, "trend": 17.33965, "fair_value": 26.00626, "relative_strength": -9.020933, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.807699, "energy": 11.292538, "activity_lines": [ 17.69, 18.439091, 17.576036, 17.245242 ] }, { "date": "2025-02-28", "close": 17.1, "volume": 678105, "typical_volume": 1231479.7, "trend": 17.19465, "fair_value": 25.728375, "relative_strength": -6.714305, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.021454, "energy": 20.365219, "activity_lines": [ 17.33, 18.152727, 17.620014, 17.229781 ] }, { "date": "2025-03-07", "close": 15.525, "volume": 652721, "typical_volume": 1079764.15, "trend": 17.06215, "fair_value": 25.442317, "relative_strength": -12.550259, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.190856, "energy": 21.892949, "activity_lines": [ 16.615, 17.577273, 17.516136, 17.122061 ] }, { "date": "2025-03-14", "close": 14.4585, "volume": 876996, "typical_volume": 1057915.95, "trend": 16.8816, "fair_value": 25.127308, "relative_strength": -16.613869, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.012942, "energy": 30.079219, "activity_lines": [ 15.7695, 16.882909, 17.301686, 16.954084 ] }, { "date": "2025-03-21", "close": 13.515, "volume": 450112, "typical_volume": 1052297.8, "trend": 16.6971, "fair_value": 24.783173, "relative_strength": -22.210093, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.362147, "energy": 50.110217, "activity_lines": [ 14.8956, 16.097755, 16.992007, 16.736884 ] }, { "date": "2025-03-28", "close": 11.715, "volume": 699547, "typical_volume": 1032074.5, "trend": 16.4726, "fair_value": 24.442885, "relative_strength": -30.779375, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.714905, "energy": 69.843985, "activity_lines": [ 13.6107, 15.110509, 16.512243, 16.415458 ] }, { "date": "2025-04-04", "close": 10.6515, "volume": 825164, "typical_volume": 1008721.5, "trend": 16.24265, "fair_value": 24.150587, "relative_strength": -30.014542, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.919205, "energy": 85.977021, "activity_lines": [ 12.3403, 14.079627, 15.941121, 16.039903 ] }, { "date": "2025-04-11", "close": 15.75, "volume": 61076081, "typical_volume": 4028837.3, "trend": 16.13765, "fair_value": 23.867894, "relative_strength": -4.070348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.564569, "energy": 63.949875, "activity_lines": [ 13.1993, 14.139355, 15.866021, 16.008119 ] }, { "date": "2025-04-18", "close": 16.05, "volume": 1277592, "typical_volume": 4013740.4, "trend": 16.09765, "fair_value": 23.591933, "relative_strength": -0.261608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.028795, "energy": 37.785819, "activity_lines": [ 14.1433, 14.3109, 15.806664, 16.002465 ] }, { "date": "2025-04-25", "close": 17.25, "volume": 1429318, "typical_volume": 4012232.35, "trend": 16.08265, "fair_value": 23.375587, "relative_strength": 0.510567, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.206646, "energy": 13.80409, "activity_lines": [ 15.3812, 14.749718, 15.862307, 16.07681 ] }, { "date": "2025-05-02", "close": 15.975, "volume": 664670, "typical_volume": 4010114.0, "trend": 16.02515, "fair_value": 23.160683, "relative_strength": -10.104048, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.28072, "energy": 16.315759, "activity_lines": [ 15.9451, 14.940355, 15.789379, 16.069865 ] }, { "date": "2025-05-09", "close": 14.598, "volume": 969998, "typical_volume": 3992300.15, "trend": 15.92675, "fair_value": 22.993683, "relative_strength": -17.640692, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.798235, "energy": 12.461539, "activity_lines": [ 15.766, 14.903809, 15.585664, 15.97779 ] }, { "date": "2025-05-16", "close": 15.9, "volume": 883481, "typical_volume": 3977503.45, "trend": 16.00225, "fair_value": 22.818683, "relative_strength": -16.127423, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.739797, "energy": 17.813261, "activity_lines": [ 15.7578, 15.149482, 15.51715, 15.976065 ] }, { "date": "2025-05-23", "close": 15.6, "volume": 487731, "typical_volume": 3945993.55, "trend": 16.0779, "fair_value": 22.617721, "relative_strength": -15.342854, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.780481, "energy": 12.550431, "activity_lines": [ 15.6396, 15.333791, 15.437921, 15.950113 ] }, { "date": "2025-05-30", "close": 15.3, "volume": 467147, "typical_volume": 3867630.8, "trend": 16.128, "fair_value": 22.428298, "relative_strength": -18.054121, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.118287, "energy": 11.807246, "activity_lines": [ 15.4514, 15.4428, 15.345836, 15.899926 ] }, { "date": "2025-06-06", "close": 15.0, "volume": 392493, "typical_volume": 3824712.0, "trend": 16.168, "fair_value": 22.257144, "relative_strength": -20.640506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.74952, "energy": 16.232412, "activity_lines": [ 15.2932, 15.464809, 15.249464, 15.827152 ] }, { "date": "2025-06-13", "close": 14.4135, "volume": 831199, "typical_volume": 3833945.4, "trend": 16.22025, "fair_value": 22.132231, "relative_strength": -23.012518, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.309244, "energy": 22.952678, "activity_lines": [ 15.0045, 15.320455, 15.120807, 15.713958 ] }, { "date": "2025-06-20", "close": 14.2485, "volume": 541467, "typical_volume": 3817061.8, "trend": 16.26, "fair_value": 21.98799, "relative_strength": -22.652095, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.526533, "energy": 34.790201, "activity_lines": [ 14.6731, 15.0777, 15.001371, 15.586748 ] }, { "date": "2025-06-27", "close": 14.406, "volume": 569692, "typical_volume": 3803281.8, "trend": 16.2002, "fair_value": 21.871683, "relative_strength": -23.760061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.749801, "energy": 42.24885, "activity_lines": [ 14.5043, 14.890882, 14.919086, 15.467135 ] }, { "date": "2025-07-04", "close": 13.9545, "volume": 380902, "typical_volume": 3747304.7, "trend": 16.14035, "fair_value": 21.756327, "relative_strength": -26.399246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.373422, "energy": 49.377683, "activity_lines": [ 14.2646, 14.651864, 14.814486, 15.322252 ] }, { "date": "2025-07-11", "close": 15.3, "volume": 601685, "typical_volume": 3737805.05, "trend": 16.11535, "fair_value": 21.659212, "relative_strength": -18.043938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.650346, "energy": 39.518978, "activity_lines": [ 14.5631, 14.7174, 14.849436, 15.268035 ] }, { "date": "2025-07-18", "close": 17.85, "volume": 904357, "typical_volume": 3749117.65, "trend": 16.14535, "fair_value": 21.571712, "relative_strength": -4.351668, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 9.713828, "energy": 12.501632, "activity_lines": [ 15.6916, 15.258845, 15.136529, 15.379948 ] }, { "date": "2025-07-25", "close": 17.55, "volume": 620615, "typical_volume": 3747512.35, "trend": 16.07535, "fair_value": 21.466904, "relative_strength": -5.699029, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 31.521354, "energy": 44.442164, "activity_lines": [ 16.491, 15.686618, 15.391479, 15.470571 ] }, { "date": "2025-08-01", "close": 16.2, "volume": 408660, "typical_volume": 3724095.55, "trend": 15.98535, "fair_value": 21.328442, "relative_strength": -9.99885, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.357206, "energy": 43.491953, "activity_lines": [ 16.6203, 15.838936, 15.508214, 15.478613 ] }, { "date": "2025-08-08", "close": 16.2, "volume": 226599, "typical_volume": 3712919.9, "trend": 15.84535, "fair_value": 21.140942, "relative_strength": -12.441941, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.437995, "energy": 48.911884, "activity_lines": [ 16.63, 15.980345, 15.616657, 15.492461 ] }, { "date": "2025-08-15", "close": 16.95, "volume": 318335, "typical_volume": 3693859.3, "trend": 15.74535, "fair_value": 20.998635, "relative_strength": -8.133533, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.920053, "energy": 51.62474, "activity_lines": [ 16.74, 16.241755, 15.783743, 15.563729 ] }, { "date": "2025-08-22", "close": 17.775, "volume": 804079, "typical_volume": 3692805.05, "trend": 15.68285, "fair_value": 20.874115, "relative_strength": -2.2381, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.580631, "energy": 51.293036, "activity_lines": [ 17.015, 16.617709, 16.004471, 15.694674 ] }, { "date": "2025-08-29", "close": 18.6, "volume": 450596, "typical_volume": 661530.8, "trend": 15.67285, "fair_value": 20.774115, "relative_strength": 2.976282, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.47256, "energy": 67.309805, "activity_lines": [ 17.57, 17.082545, 16.26985, 15.882877 ] }, { "date": "2025-09-05", "close": 19.35, "volume": 1068806, "typical_volume": 651091.5, "trend": 15.69285, "fair_value": 20.673154, "relative_strength": 6.447156, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.289612, "energy": 69.843504, "activity_lines": [ 18.305, 17.604627, 16.593086, 16.120113 ] }, { "date": "2025-09-12", "close": 20.55, "volume": 443496, "typical_volume": 601800.4, "trend": 15.83285, "fair_value": 20.605846, "relative_strength": 11.342079, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.934481, "energy": 79.884036, "activity_lines": [ 19.23, 18.255, 17.014893, 16.433477 ] }, { "date": "2025-09-19", "close": 20.1, "volume": 480667, "typical_volume": 592600.25, "trend": 15.92785, "fair_value": 20.561615, "relative_strength": 6.755965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.883333, "energy": 78.743915, "activity_lines": [ 19.715, 18.703636, 17.378129, 16.708777 ] }, { "date": "2025-09-26", "close": 20.1, "volume": 298060, "typical_volume": 559003.35, "trend": 16.02785, "fair_value": 20.531808, "relative_strength": 7.423799, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.10604, "energy": 73.765002, "activity_lines": [ 19.99, 19.065, 17.721721, 16.977948 ] }, { "date": "2025-10-03", "close": 18.9, "volume": 412647, "typical_volume": 535461.65, "trend": 16.14035, "fair_value": 20.502, "relative_strength": 0.120747, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.195575, "energy": 55.210669, "activity_lines": [ 19.71, 19.167273, 17.924829, 17.163248 ] }, { "date": "2025-10-10", "close": 21.15, "volume": 1005598, "typical_volume": 561355.0, "trend": 16.3634, "fair_value": 20.507769, "relative_strength": 14.631731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.644171, "energy": 53.07695, "activity_lines": [ 20.16, 19.654091, 18.327936, 17.486452 ] }, { "date": "2025-10-17", "close": 20.7, "volume": 599665, "typical_volume": 567980.9, "trend": 16.6029, "fair_value": 20.512577, "relative_strength": 9.072875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.491778, "energy": 50.034072, "activity_lines": [ 20.34, 19.969091, 18.661757, 17.766232 ] }, { "date": "2025-10-24", "close": 21.75, "volume": 599350, "typical_volume": 578323.75, "trend": 16.9374, "fair_value": 20.512577, "relative_strength": 11.600385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.208982, "energy": 53.929314, "activity_lines": [ 20.86, 20.393182, 19.069864, 18.098303 ] }, { "date": "2025-10-31", "close": 20.85, "volume": 533501, "typical_volume": 563438.85, "trend": 17.27735, "fair_value": 20.515462, "relative_strength": 4.648057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.317101, "energy": 50.034874, "activity_lines": [ 20.97, 20.566364, 19.360114, 18.350729 ] }, { "date": "2025-11-07", "close": 21.75, "volume": 802138, "typical_volume": 576472.4, "trend": 17.47735, "fair_value": 20.508731, "relative_strength": 12.035062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.927406, "energy": 49.086543, "activity_lines": [ 21.33, 20.847273, 19.705429, 18.639287 ] }, { "date": "2025-11-14", "close": 24.0, "volume": 1445333, "typical_volume": 620254.45, "trend": 17.74235, "fair_value": 20.536615, "relative_strength": 22.808825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.29916, "energy": 55.800152, "activity_lines": [ 22.25, 21.48, 20.229307, 19.060103 ] }, { "date": "2025-11-21", "close": 20.85, "volume": 1191868, "typical_volume": 660802.75, "trend": 17.86235, "fair_value": 20.548154, "relative_strength": 9.472072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.27405, "energy": 41.131431, "activity_lines": [ 21.93, 21.455455, 20.4075, 19.260597 ] }, { "date": "2025-11-28", "close": 20.04, "volume": 347847, "typical_volume": 648110.85, "trend": 17.99785, "fair_value": 20.5545, "relative_strength": 0.23654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.385829, "energy": 31.813796, "activity_lines": [ 21.33, 21.278182, 20.475714, 19.40109 ] }, { "date": "2025-12-05", "close": 19.3, "volume": 113827, "typical_volume": 608584.35, "trend": 18.154583, "fair_value": 20.537833, "relative_strength": -4.470785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.071771, "energy": 18.954699, "activity_lines": [ 20.597333, 20.967455, 20.450881, 19.4851 ] }, { "date": "2025-12-12", "close": 18.69, "volume": 96276, "typical_volume": 582367.4, "trend": 18.247583, "fair_value": 20.545141, "relative_strength": -5.704581, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.653508, "energy": 17.05707, "activity_lines": [ 19.764667, 20.560364, 20.361048, 19.519643 ] }, { "date": "2025-12-19", "close": 20.06, "volume": 341865, "typical_volume": 579027.65, "trend": 18.39625, "fair_value": 20.567, "relative_strength": 0.665485, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.852253, "energy": 17.872583, "activity_lines": [ 19.592667, 20.406182, 20.396262, 19.636573 ] }, { "date": "2025-12-26", "close": 19.73, "volume": 297968, "typical_volume": 582596.1, "trend": 18.543917, "fair_value": 20.546359, "relative_strength": -1.841381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.248227, "energy": 12.824804, "activity_lines": [ 19.573333, 20.211818, 20.381667, 19.722622 ] }, { "date": "2026-01-02", "close": 19.62, "volume": 399475, "typical_volume": 586653.1, "trend": 18.697917, "fair_value": 20.462513, "relative_strength": -0.398854, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.761027, "energy": 10.506188, "activity_lines": [ 19.592, 20.015091, 20.339786, 19.792046 ] }, { "date": "2026-01-09", "close": 18.78, "volume": 349292, "typical_volume": 563913.75, "trend": 18.843467, "fair_value": 20.350205, "relative_strength": -6.134167, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.238795, "energy": 7.157075, "activity_lines": [ 19.358667, 19.704364, 20.20519, 19.797342 ] }, { "date": "2026-01-16", "close": 17.87, "volume": 355165, "typical_volume": 559142.2, "trend": 18.964183, "fair_value": 20.215718, "relative_strength": -9.380052, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.728614, "energy": 18.648045, "activity_lines": [ 18.856667, 19.265818, 19.979143, 19.734538 ] }, { "date": "2026-01-23", "close": 17.26, "volume": 112352, "typical_volume": 511319.5, "trend": 19.059317, "fair_value": 20.037897, "relative_strength": -12.169351, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.847258, "energy": 29.172989, "activity_lines": [ 18.206, 18.786909, 19.698476, 19.62459 ] }, { "date": "2026-01-30", "close": 17.2, "volume": 265303, "typical_volume": 502409.85, "trend": 19.1675, "fair_value": 19.852962, "relative_strength": -11.88737, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.269943, "energy": 39.9018, "activity_lines": [ 17.722, 18.419636, 19.422048, 19.504634 ] }, { "date": "2026-02-06", "close": 19.81, "volume": 295427, "typical_volume": 493147.85, "trend": 19.317833, "fair_value": 19.665526, "relative_strength": 3.742493, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.56366, "energy": 24.781767, "activity_lines": [ 18.276667, 18.593273, 19.410143, 19.546086 ] }, { "date": "2026-02-13", "close": 18.0, "volume": 306701, "typical_volume": 493579.9, "trend": 19.322833, "fair_value": 19.466487, "relative_strength": -4.488754, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.08873, "energy": 21.543331, "activity_lines": [ 18.215333, 18.442, 19.227238, 19.461065 ] }, { "date": "2026-02-20", "close": 19.75, "volume": 585900, "typical_volume": 502242.55, "trend": 19.396167, "fair_value": 19.295013, "relative_strength": 3.643763, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.738486, "energy": 4.93643, "activity_lines": [ 18.789333, 18.632545, 19.221, 19.488624 ] }, { "date": "2026-02-27", "close": 21.73, "volume": 386284, "typical_volume": 471276.85, "trend": 19.5805, "fair_value": 19.110269, "relative_strength": 14.182084, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.984631, "energy": 18.210361, "activity_lines": [ 19.898, 19.163818, 19.399286, 19.639194 ] }, { "date": "2026-03-06", "close": 18.59, "volume": 510472, "typical_volume": 466817.2, "trend": 19.660167, "fair_value": 18.917897, "relative_strength": -1.044894, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.445558, "energy": 10.801665, "activity_lines": [ 19.662, 19.093818, 19.275762, 19.57529 ] }, { "date": "2026-03-13", "close": 16.87, "volume": 725483, "typical_volume": 473123.85, "trend": 19.6575, "fair_value": 18.799115, "relative_strength": -9.183634, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.553344, "energy": 18.705865, "activity_lines": [ 18.76, 18.731818, 18.998476, 19.39528 ] }, { "date": "2026-03-20", "close": 16.73, "volume": 1702577, "typical_volume": 531577.65, "trend": 19.622667, "fair_value": 18.699628, "relative_strength": -8.161061, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.437548, "energy": 33.346999, "activity_lines": [ 18.007333, 18.394364, 18.731095, 19.206409 ] }, { "date": "2026-03-27", "close": 16.71, "volume": 686384, "typical_volume": 525789.95, "trend": 19.559667, "fair_value": 18.578859, "relative_strength": -5.47962, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.069575, "energy": 48.826143, "activity_lines": [ 17.332667, 18.090545, 18.481429, 19.018495 ] }, { "date": "2026-04-03", "close": 17.96, "volume": 547855, "typical_volume": 480916.05, "trend": 19.513333, "fair_value": 18.475718, "relative_strength": -2.619728, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.901568, "energy": 48.997394, "activity_lines": [ 17.277333, 18.035091, 18.37481, 18.91529 ] }, { "date": "2026-04-10", "close": 19.79, "volume": 653318, "typical_volume": 453988.55, "trend": 19.488, "fair_value": 18.387192, "relative_strength": 2.874514, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.666555, "energy": 24.603114, "activity_lines": [ 18.083333, 18.299636, 18.471238, 18.93314 ] }, { "date": "2026-04-17", "close": 21.05, "volume": 520401, "typical_volume": 462616.25, "trend": 19.519667, "fair_value": 18.312513, "relative_strength": 3.297358, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.543431, "energy": 6.158582, "activity_lines": [ 19.229333, 18.746182, 18.692714, 19.033914 ] }, { "date": "2026-04-24", "close": 18.15, "volume": 565262, "typical_volume": 485188.0, "trend": 19.454667, "fair_value": 18.225974, "relative_strength": -12.354506, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.733579, "energy": 14.212743, "activity_lines": [ 19.13, 18.642909, 18.63319, 18.945548 ] }, { "date": "2026-05-01", "close": 18.28, "volume": 693318, "typical_volume": 515040.1, "trend": 19.434, "fair_value": 18.150846, "relative_strength": -12.765743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.5579, "energy": 16.336539, "activity_lines": [ 18.979333, 18.560545, 18.591524, 18.869763 ] }, { "date": "2026-05-08", "close": 22.97, "volume": 616208, "typical_volume": 528757.25, "trend": 19.494667, "fair_value": 18.153859, "relative_strength": 3.754965, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.233625, "energy": 24.296681, "activity_lines": [ 20.287333, 19.357636, 18.998476, 19.097892 ] }, { "date": "2026-05-15", "close": 20.22, "volume": 678861, "typical_volume": 547801.9, "trend": 19.478667, "fair_value": 18.111359, "relative_strength": -8.252553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.340106, "energy": 18.44168, "activity_lines": [ 20.344667, 19.632182, 19.129667, 19.144688 ] }, { "date": "2026-05-22", "close": 23.57, "volume": 781808, "typical_volume": 566918.55, "trend": 19.539333, "fair_value": 18.10091, "relative_strength": 5.527465, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.837505, "energy": 43.290212, "activity_lines": [ 21.49, 20.486182, 19.577571, 19.408645 ] }, { "date": "2026-05-29", "close": 20.35, "volume": 1589307, "typical_volume": 628919.3, "trend": 19.522667, "fair_value": 18.063571, "relative_strength": -11.341601, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.624424, "energy": 36.08913, "activity_lines": [ 21.394, 20.632909, 19.7, 19.460946 ] }, { "date": "2026-06-05", "close": 17.64, "volume": 1000188, "typical_volume": 661170.45, "trend": 19.385667, "fair_value": 18.004532, "relative_strength": -19.354747, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.724672, "energy": 6.732568, "activity_lines": [ 20.248, 20.221091, 19.556857, 19.339484 ] }, { "date": "2026-06-12", "close": 18.25, "volume": 679654, "typical_volume": 689535.55, "trend": 19.194, "fair_value": 17.874404, "relative_strength": -18.340037, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 21.173861, "energy": 9.56568, "activity_lines": [ 19.348, 19.903273, 19.472905, 19.266215 ] }, { "date": "2026-06-19", "close": 18.04, "volume": 376911, "typical_volume": 695115.95, "trend": 19.100333, "fair_value": 17.77466, "relative_strength": -21.244744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.141715, "energy": 11.898935, "activity_lines": [ 18.692667, 19.542, 19.364238, 19.191763 ] }, { "date": "2026-06-26", "close": 19.05, "volume": 2355093, "typical_volume": 798099.25, "trend": 19.067333, "fair_value": 17.651583, "relative_strength": -12.949063, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.002608, "energy": 12.055491, "activity_lines": [ 18.519333, 19.396182, 19.347762, 19.188516 ] }, { "date": "2026-07-03", "close": 21.39, "volume": 627871, "typical_volume": 814157.75, "trend": 19.137, "fair_value": 17.540622, "relative_strength": -3.380275, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.392041, "energy": 15.736086, "activity_lines": [ 19.427333, 19.712182, 19.557762, 19.338366 ] }, { "date": "2026-07-10", "close": 18.77, "volume": 380726, "typical_volume": 803899.05, "trend": 19.139667, "fair_value": 17.447481, "relative_strength": -16.62881, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 10.233654, "energy": 4.64631, "activity_lines": [ 19.392667, 19.492909, 19.502095, 19.314688 ] }, { "date": "2026-07-17", "close": 17.21, "volume": 322359, "typical_volume": 800702.8, "trend": 19.044667, "fair_value": 17.352994, "relative_strength": -19.884046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.588514, "energy": 8.315796, "activity_lines": [ 18.762667, 18.981091, 19.302524, 19.190194 ] }, { "date": "2026-07-24", "close": 17.29, "volume": 601028, "typical_volume": 805230.6, "trend": 18.963333, "fair_value": 17.247, "relative_strength": -17.907892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.680683, "energy": 11.451623, "activity_lines": [ 18.228667, 18.588545, 19.132095, 19.076989 ] }, { "date": "2026-07-31", "close": 20.65, "volume": 799800, "typical_volume": 808946.45, "trend": 18.997667, "fair_value": 17.187064, "relative_strength": -2.530733, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.973791, "energy": 10.331277, "activity_lines": [ 18.864667, 18.860182, 19.287857, 19.185806 ] }, { "date": "2026-08-07", "close": 21.39, "volume": 510051, "typical_volume": 749320.15, "trend": 19.084667, "fair_value": 17.153026, "relative_strength": -4.007753, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.802911, "energy": 17.063915, "activity_lines": [ 19.640667, 19.319455, 19.496095, 19.340151 ] } ], "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." } } }