{ "ticker": { "uuid": "67ac50ec-36bd-4695-b0e0-9511c5546dbc", "symbol": "SSO", "name": "SPDR ETFs Australia - State Street SPDR S&P/ASX Small Ordinaries ETF", "exchange": "ASX", "country": "AU", "assetType": "etf" }, "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": "^AXJO", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -57.474, "architecture_energy": 48.711, "architecture_maturity": 57.781, "architecture_confidence": 94.713, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 8.43, "rotation_up": 26.94, "upward_expansion": 9.34, "deceleration": 53.19, "rotation_down": 56.39, "downward_expansion": 82.67 }, "activity_lines": [ 14.402667, 14.455845, 14.648557, 14.941262 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 15.0, "trend_reference": 15.488233, "distance_from_trend": -0.031523, "trend_direction": "Weakening", "fair_value": 14.239174, "distance_from_fair_value": 0.053432, "fair_value_direction": "Weakening", "relative_strength": -10.872606, "relative_strength_direction": "Weakening", "price_momentum": -0.074645, "excess_performance": -0.138351, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.031523, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.046291, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.053432, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.00164, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.108726, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.034021, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.074645, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.532908, "read": "Supply-led" } ], "volume": { "latest": 3070, "relative_activity": 0.284684, "balance": 0.532908, "dry_up": 1.433503, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.027947, "annualized_volatility": 0.209862, "from_high_reference": -0.176277, "from_low_reference": 0.076813 }, "levels": { "trend_reference": 15.488233, "fair_value_reference": 14.239174, "structural_low": 13.93, "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": 19, "median_return": 0.037893, "positive_rate": 0.684211, "directional_follow_through": 0.315789, "median_excess_return": -0.001316, "regime_survival": 0.684211, "best_return": 0.090837, "worst_return": -0.091511, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.037583, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.003258, "regime_survival": 0.375, "best_return": 0.138552, "worst_return": -0.063037, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.049556, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.015452, "regime_survival": 0.25, "best_return": 0.340282, "worst_return": -0.044842, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.095356, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.01703, "regime_survival": 0.333333, "best_return": 0.188966, "worst_return": -0.009006, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-05-03", "tenure": "Established", "return": 0.057751, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-08-02", "tenure": "Established", "return": -0.006307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-10-11", "tenure": "Developing", "return": 0.092331, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-12-20", "tenure": "Developing", "return": -0.048103, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": 0.02399, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-14", "tenure": "Developing", "return": -0.057182, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.004919, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.105422, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": 0.025921, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-11-14", "tenure": "Established", "return": 0.144844, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-26", "tenure": "Developing", "return": 0.082099, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-06", "tenure": "Developing", "return": -0.048284, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.039591, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": -0.009901, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.106932, "volume": 9622, "typical_volume": 11872.85, "trend": 12.285698, "fair_value": 12.808022, "relative_strength": -0.691939, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.205676, "energy": 8.431945, "activity_lines": [ 12.275241, 12.265497, 12.247221, 12.246785 ] }, { "date": "2023-08-25", "close": 12.106932, "volume": 11155, "typical_volume": 10638.65, "trend": 12.260907, "fair_value": 12.813538, "relative_strength": -0.157994, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.661894, "energy": 19.207298, "activity_lines": [ 12.204539, 12.245589, 12.230521, 12.235252 ] }, { "date": "2023-09-01", "close": 12.304022, "volume": 3447, "typical_volume": 10071.8, "trend": 12.240212, "fair_value": 12.819168, "relative_strength": -0.726838, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.152913, "energy": 7.630933, "activity_lines": [ 12.219555, 12.263069, 12.233483, 12.238034 ] }, { "date": "2023-09-08", "close": 12.088162, "volume": 24670, "typical_volume": 10709.45, "trend": 12.228394, "fair_value": 12.826145, "relative_strength": -0.693719, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.078633, "energy": 17.65728, "activity_lines": [ 12.172003, 12.232865, 12.217343, 12.228224 ] }, { "date": "2023-09-15", "close": 12.22894, "volume": 4126, "typical_volume": 10813.85, "trend": 12.222813, "fair_value": 12.832779, "relative_strength": -1.116912, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.979759, "energy": 8.834516, "activity_lines": [ 12.182014, 12.227575, 12.21643, 12.228259 ] }, { "date": "2023-09-22", "close": 11.825376, "volume": 5320, "typical_volume": 10728.4, "trend": 12.206562, "fair_value": 12.838073, "relative_strength": -1.451938, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.335364, "energy": 44.226591, "activity_lines": [ 12.06814, 12.143961, 12.178278, 12.202618 ] }, { "date": "2023-09-29", "close": 11.853532, "volume": 157, "typical_volume": 10530.1, "trend": 12.192176, "fair_value": 12.843115, "relative_strength": -0.890102, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.047097, "energy": 56.401744, "activity_lines": [ 11.982422, 12.078265, 12.145261, 12.179842 ] }, { "date": "2023-10-06", "close": 11.515663, "volume": 3684, "typical_volume": 9756.3, "trend": 12.171473, "fair_value": 12.842732, "relative_strength": -2.327536, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.773691, "energy": 73.299859, "activity_lines": [ 11.800974, 11.961206, 12.08327, 12.136196 ] }, { "date": "2023-10-13", "close": 11.787836, "volume": 1021, "typical_volume": 9254.4, "trend": 12.171587, "fair_value": 12.842992, "relative_strength": -1.3753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.994614, "energy": 72.06051, "activity_lines": [ 11.762808, 11.910526, 12.05157, 12.111445 ] }, { "date": "2023-10-20", "close": 11.56259, "volume": 2305, "typical_volume": 9082.1, "trend": 12.168519, "fair_value": 12.843101, "relative_strength": -1.117434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.171736, "energy": 75.937275, "activity_lines": [ 11.669582, 11.827253, 11.999814, 12.072155 ] }, { "date": "2023-10-27", "close": 11.224721, "volume": 13673, "typical_volume": 9574.85, "trend": 12.138118, "fair_value": 12.842531, "relative_strength": -2.886924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.421838, "energy": 86.029588, "activity_lines": [ 11.508155, 11.697566, 11.918792, 12.011265 ] }, { "date": "2023-11-03", "close": 11.449967, "volume": 15065, "typical_volume": 8459.95, "trend": 12.109971, "fair_value": 12.841439, "relative_strength": -2.995786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.321629, "energy": 76.208915, "activity_lines": [ 11.461855, 11.624873, 11.863255, 11.966868 ] }, { "date": "2023-11-10", "close": 11.665829, "volume": 9064, "typical_volume": 8688.45, "trend": 12.078512, "fair_value": 12.839622, "relative_strength": -1.143566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.808744, "energy": 61.006466, "activity_lines": [ 11.514413, 11.603373, 11.831812, 11.938214 ] }, { "date": "2023-11-17", "close": 11.825376, "volume": 4810, "typical_volume": 7965.4, "trend": 12.057007, "fair_value": 12.837869, "relative_strength": -0.78672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.695914, "energy": 42.968124, "activity_lines": [ 11.610142, 11.622485, 11.816393, 11.921882 ] }, { "date": "2023-11-24", "close": 11.769064, "volume": 5376, "typical_volume": 7673.15, "trend": 12.033315, "fair_value": 12.834797, "relative_strength": -1.103869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.990077, "energy": 25.683457, "activity_lines": [ 11.684598, 11.636136, 11.796684, 11.903305 ] }, { "date": "2023-12-01", "close": 11.937999, "volume": 2167, "typical_volume": 7083.9, "trend": 12.019891, "fair_value": 12.832424, "relative_strength": -0.107008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.580223, "energy": 22.645003, "activity_lines": [ 11.8016, 11.688864, 11.793958, 11.897156 ] }, { "date": "2023-12-08", "close": 12.069391, "volume": 6759, "typical_volume": 7236.3, "trend": 12.004665, "fair_value": 12.829982, "relative_strength": -0.699696, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.095704, "energy": 19.929056, "activity_lines": [ 11.914848, 11.763434, 11.806561, 11.900349 ] }, { "date": "2023-12-15", "close": 12.416644, "volume": 5207, "typical_volume": 7266.85, "trend": 12.004105, "fair_value": 12.829431, "relative_strength": -1.207596, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 39.799403, "energy": 38.77096, "activity_lines": [ 12.102552, 11.897215, 11.853844, 11.926929 ] }, { "date": "2023-12-22", "close": 12.632505, "volume": 10438, "typical_volume": 7665.8, "trend": 12.022484, "fair_value": 12.83103, "relative_strength": -0.2843, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.056353, "energy": 67.229862, "activity_lines": [ 12.312156, 12.053863, 11.92182, 11.967471 ] }, { "date": "2023-12-29", "close": 12.792875, "volume": 61, "typical_volume": 6906.35, "trend": 12.043119, "fair_value": 12.832907, "relative_strength": -0.214641, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.122102, "energy": 76.387639, "activity_lines": [ 12.521407, 12.224312, 12.003237, 12.017173 ] }, { "date": "2024-01-05", "close": 12.479465, "volume": 46, "typical_volume": 6427.55, "trend": 12.056706, "fair_value": 12.831663, "relative_strength": -1.262275, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.135443, "energy": 73.376788, "activity_lines": [ 12.557935, 12.315408, 12.05288, 12.045325 ] }, { "date": "2024-01-12", "close": 12.63142, "volume": 2867, "typical_volume": 6013.15, "trend": 12.071341, "fair_value": 12.832021, "relative_strength": -0.131405, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.8941, "energy": 82.805981, "activity_lines": [ 12.609016, 12.411318, 12.11522, 12.082403 ] }, { "date": "2024-01-19", "close": 12.498458, "volume": 35278, "typical_volume": 7604.7, "trend": 12.093287, "fair_value": 12.829398, "relative_strength": -0.132855, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.347551, "energy": 68.09869, "activity_lines": [ 12.578308, 12.461573, 12.1624, 12.109959 ] }, { "date": "2024-01-26", "close": 12.640918, "volume": 6069, "typical_volume": 6674.65, "trend": 12.112964, "fair_value": 12.830107, "relative_strength": -0.741367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.342703, "energy": 55.177293, "activity_lines": [ 12.589632, 12.522591, 12.222222, 12.14529 ] }, { "date": "2024-02-02", "close": 12.973323, "volume": 14079, "typical_volume": 7172.3, "trend": 12.146849, "fair_value": 12.830286, "relative_strength": -0.007873, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.807761, "energy": 69.118967, "activity_lines": [ 12.711198, 12.629218, 12.311069, 12.200797 ] }, { "date": "2024-02-09", "close": 12.925838, "volume": 12297, "typical_volume": 7521.15, "trend": 12.160068, "fair_value": 12.830838, "relative_strength": 0.318243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.177505, "energy": 74.708608, "activity_lines": [ 12.804905, 12.705316, 12.391849, 12.251054 ] }, { "date": "2024-02-16", "close": 12.91634, "volume": 2981, "typical_volume": 7662.35, "trend": 12.177037, "fair_value": 12.831329, "relative_strength": 0.068656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.54937, "energy": 83.463609, "activity_lines": [ 12.865688, 12.761726, 12.466484, 12.299846 ] }, { "date": "2024-02-23", "close": 12.859356, "volume": 2624, "typical_volume": 7609.35, "trend": 12.190856, "fair_value": 12.832277, "relative_strength": -0.178134, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.235545, "energy": 79.209628, "activity_lines": [ 12.888481, 12.792377, 12.530631, 12.343867 ] }, { "date": "2024-03-01", "close": 13.172767, "volume": 18873, "typical_volume": 8501.95, "trend": 12.221691, "fair_value": 12.836396, "relative_strength": 0.892062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.493725, "energy": 81.180939, "activity_lines": [ 12.991685, 12.871962, 12.618228, 12.407216 ] }, { "date": "2024-03-08", "close": 13.334222, "volume": 6582, "typical_volume": 8715.8, "trend": 12.253215, "fair_value": 12.838888, "relative_strength": 0.808294, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.795812, "energy": 84.198398, "activity_lines": [ 13.113251, 12.971079, 12.714607, 12.478992 ] }, { "date": "2024-03-15", "close": 13.334222, "volume": 1328, "typical_volume": 8098.55, "trend": 12.294125, "fair_value": 12.840268, "relative_strength": 3.067487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.381927, "energy": 87.009793, "activity_lines": [ 13.210757, 13.060354, 12.80255, 12.548734 ] }, { "date": "2024-03-22", "close": 13.495676, "volume": 2707, "typical_volume": 7480.65, "trend": 12.340417, "fair_value": 12.843263, "relative_strength": 2.897313, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.94059, "energy": 91.725525, "activity_lines": [ 13.334855, 13.163443, 12.895824, 12.626254 ] }, { "date": "2024-03-29", "close": 13.590649, "volume": 797, "typical_volume": 7067.3, "trend": 12.383304, "fair_value": 12.846867, "relative_strength": 1.929153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.829019, "energy": 92.317914, "activity_lines": [ 13.451988, 13.268086, 12.988402, 12.706914 ] }, { "date": "2024-04-05", "close": 13.543162, "volume": 3804, "typical_volume": 7017.0, "trend": 12.431804, "fair_value": 12.847747, "relative_strength": 3.142013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.648294, "energy": 88.562525, "activity_lines": [ 13.50454, 13.344237, 13.067291, 12.781743 ] }, { "date": "2024-04-12", "close": 13.638135, "volume": 1144, "typical_volume": 6805.4, "trend": 12.478777, "fair_value": 12.847688, "relative_strength": 3.62279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.788334, "energy": 88.02251, "activity_lines": [ 13.564056, 13.421251, 13.147045, 12.859571 ] }, { "date": "2024-04-19", "close": 13.115783, "volume": 12150, "typical_volume": 7304.55, "trend": 12.521791, "fair_value": 12.844473, "relative_strength": 2.524328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.067849, "energy": 63.543275, "activity_lines": [ 13.429194, 13.391205, 13.168151, 12.900668 ] }, { "date": "2024-04-26", "close": 13.258243, "volume": 6739, "typical_volume": 7303.55, "trend": 12.568615, "fair_value": 12.843188, "relative_strength": 3.470077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.79859, "energy": 47.97445, "activity_lines": [ 13.356382, 13.383607, 13.197217, 12.948181 ] }, { "date": "2024-05-03", "close": 13.220254, "volume": 5673, "typical_volume": 7326.85, "trend": 12.625434, "fair_value": 12.842918, "relative_strength": 2.427938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.366041, "energy": 35.423972, "activity_lines": [ 13.286735, 13.362886, 13.217003, 12.990223 ] }, { "date": "2024-05-10", "close": 13.467184, "volume": 8425, "typical_volume": 7226.2, "trend": 12.681413, "fair_value": 12.846021, "relative_strength": 2.711545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.061092, "energy": 30.826296, "activity_lines": [ 13.324091, 13.380499, 13.256479, 13.044529 ] }, { "date": "2024-05-17", "close": 13.55266, "volume": 3465, "typical_volume": 7396.4, "trend": 12.747748, "fair_value": 12.850301, "relative_strength": 2.467749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.305733, "energy": 41.957326, "activity_lines": [ 13.395004, 13.408301, 13.300122, 13.100739 ] }, { "date": "2024-05-24", "close": 13.286735, "volume": 5978, "typical_volume": 7693.0, "trend": 12.816482, "fair_value": 12.84886, "relative_strength": 1.549947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.364437, "energy": 32.944459, "activity_lines": [ 13.382975, 13.38378, 13.31482, 13.135512 ] }, { "date": "2024-05-31", "close": 13.277238, "volume": 3055, "typical_volume": 7702.4, "trend": 12.877391, "fair_value": 12.846922, "relative_strength": 1.79534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.520046, "energy": 30.907811, "activity_lines": [ 13.356382, 13.358397, 13.32477, 13.165238 ] }, { "date": "2024-06-07", "close": 13.324723, "volume": 3826, "typical_volume": 6129.8, "trend": 12.932688, "fair_value": 12.843983, "relative_strength": 0.101502, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.975654, "energy": 24.677224, "activity_lines": [ 13.344352, 13.345618, 13.336166, 13.194098 ] }, { "date": "2024-06-14", "close": 13.011313, "volume": 15008, "typical_volume": 6576.75, "trend": 12.972219, "fair_value": 12.839083, "relative_strength": -0.539192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.261679, "energy": 9.359472, "activity_lines": [ 13.220887, 13.280691, 13.31378, 13.199171 ] }, { "date": "2024-06-21", "close": 13.210757, "volume": 9032, "typical_volume": 6324.4, "trend": 13.020275, "fair_value": 12.831832, "relative_strength": 0.026238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.495494, "energy": 14.898803, "activity_lines": [ 13.194294, 13.261697, 13.308624, 13.21456 ] }, { "date": "2024-06-28", "close": 13.199716, "volume": 15404, "typical_volume": 6479.75, "trend": 13.062332, "fair_value": 12.828037, "relative_strength": 0.279268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.511406, "energy": 13.93432, "activity_lines": [ 13.186815, 13.248465, 13.301286, 13.226137 ] }, { "date": "2024-07-05", "close": 13.180502, "volume": 4792, "typical_volume": 6570.3, "trend": 13.099369, "fair_value": 12.825253, "relative_strength": -0.553683, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.14508, "energy": 14.651052, "activity_lines": [ 13.178733, 13.230214, 13.290814, 13.233761 ] }, { "date": "2024-07-12", "close": 13.526345, "volume": 11632, "typical_volume": 7020.7, "trend": 13.136359, "fair_value": 12.822934, "relative_strength": 0.317458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.605879, "energy": 20.501239, "activity_lines": [ 13.292381, 13.276257, 13.312022, 13.261308 ] }, { "date": "2024-07-19", "close": 13.555166, "volume": 3595, "typical_volume": 6256.8, "trend": 13.167115, "fair_value": 12.820079, "relative_strength": 0.371486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.778282, "energy": 31.23106, "activity_lines": [ 13.402194, 13.321975, 13.332798, 13.288328 ] }, { "date": "2024-07-26", "close": 13.314997, "volume": 20144, "typical_volume": 6934.9, "trend": 13.184519, "fair_value": 12.815582, "relative_strength": -0.780817, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.560866, "energy": 26.495036, "activity_lines": [ 13.395694, 13.322426, 13.32888, 13.297868 ] }, { "date": "2024-08-02", "close": 13.382244, "volume": 39465, "typical_volume": 8841.75, "trend": 13.214612, "fair_value": 12.81028, "relative_strength": -0.569066, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.275019, "energy": 30.731977, "activity_lines": [ 13.40466, 13.339425, 13.331459, 13.310625 ] }, { "date": "2024-08-09", "close": 12.901906, "volume": 12499, "typical_volume": 9331.35, "trend": 13.223628, "fair_value": 12.800972, "relative_strength": -2.066004, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -13.799536, "energy": 7.598243, "activity_lines": [ 13.241345, 13.267354, 13.288062, 13.29045 ] }, { "date": "2024-08-16", "close": 13.324603, "volume": 6584, "typical_volume": 9620.7, "trend": 13.251166, "fair_value": 12.795352, "relative_strength": -1.286656, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.855439, "energy": 10.32451, "activity_lines": [ 13.237502, 13.27896, 13.287749, 13.296965 ] }, { "date": "2024-08-23", "close": 13.343818, "volume": 38123, "typical_volume": 11336.65, "trend": 13.274596, "fair_value": 12.78795, "relative_strength": -1.751795, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.155773, "energy": 7.072592, "activity_lines": [ 13.253514, 13.294063, 13.290533, 13.302942 ] }, { "date": "2024-08-30", "close": 13.113255, "volume": 34370, "typical_volume": 12997.95, "trend": 13.27926, "fair_value": 12.777577, "relative_strength": -4.184585, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.748144, "energy": 18.555656, "activity_lines": [ 13.206761, 13.261199, 13.272308, 13.292533 ] }, { "date": "2024-09-06", "close": 12.853871, "volume": 31496, "typical_volume": 13965.25, "trend": 13.276861, "fair_value": 12.76724, "relative_strength": -5.068018, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.000565, "energy": 46.973106, "activity_lines": [ 13.086996, 13.182947, 13.23188, 13.265089 ] }, { "date": "2024-09-13", "close": 13.286177, "volume": 10026, "typical_volume": 14129.6, "trend": 13.289189, "fair_value": 12.759211, "relative_strength": -2.879191, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.389758, "energy": 29.630882, "activity_lines": [ 13.146558, 13.189585, 13.23387, 13.26569 ] }, { "date": "2024-09-20", "close": 13.51674, "volume": 22488, "typical_volume": 14970.35, "trend": 13.311102, "fair_value": 12.752918, "relative_strength": -2.48356, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.129074, "energy": 7.571087, "activity_lines": [ 13.257357, 13.236222, 13.257686, 13.280371 ] }, { "date": "2024-09-27", "close": 13.862584, "volume": 3114, "typical_volume": 14704.8, "trend": 13.334096, "fair_value": 12.751107, "relative_strength": -0.028598, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.362299, "energy": 28.639317, "activity_lines": [ 13.470627, 13.345914, 13.313028, 13.31595 ] }, { "date": "2024-10-04", "close": 13.747303, "volume": 7045, "typical_volume": 14883.8, "trend": 13.347865, "fair_value": 12.749123, "relative_strength": -0.138423, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 35.30712, "energy": 41.889615, "activity_lines": [ 13.610886, 13.429056, 13.355507, 13.342609 ] }, { "date": "2024-10-11", "close": 14.093146, "volume": 2300, "typical_volume": 14699.9, "trend": 13.373163, "fair_value": 12.746525, "relative_strength": 1.519296, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.02188, "energy": 75.885517, "activity_lines": [ 13.824157, 13.567219, 13.429997, 13.390691 ] }, { "date": "2024-10-18", "close": 14.179608, "volume": 9035, "typical_volume": 14998.9, "trend": 13.395961, "fair_value": 12.743245, "relative_strength": 1.253156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.605794, "energy": 80.532956, "activity_lines": [ 13.983629, 13.708177, 13.508882, 13.44272 ] }, { "date": "2024-10-25", "close": 14.073932, "volume": 3363, "typical_volume": 14975.75, "trend": 13.41207, "fair_value": 12.740781, "relative_strength": 1.298138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.622727, "energy": 76.55419, "activity_lines": [ 14.048315, 13.80669, 13.573405, 13.48646 ] }, { "date": "2024-11-01", "close": 13.939438, "volume": 9694, "typical_volume": 14710.05, "trend": 13.425279, "fair_value": 12.735601, "relative_strength": 1.385493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.140963, "energy": 71.782676, "activity_lines": [ 14.031022, 13.867125, 13.621552, 13.520484 ] }, { "date": "2024-11-08", "close": 14.064326, "volume": 3964, "typical_volume": 14456.65, "trend": 13.439486, "fair_value": 12.731376, "relative_strength": 0.093212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.613343, "energy": 63.330507, "activity_lines": [ 14.050236, 13.939438, 13.677173, 13.561713 ] }, { "date": "2024-11-15", "close": 13.852978, "volume": 15551, "typical_volume": 14464.0, "trend": 13.464059, "fair_value": 12.725332, "relative_strength": -1.286968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.015877, "energy": 43.175217, "activity_lines": [ 13.977865, 13.956032, 13.708601, 13.58839 ] }, { "date": "2024-11-22", "close": 13.968258, "volume": 8777, "typical_volume": 14663.25, "trend": 13.487726, "fair_value": 12.723735, "relative_strength": -1.744999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.18252, "energy": 33.858007, "activity_lines": [ 13.959933, 13.97542, 13.747897, 13.620919 ] }, { "date": "2024-11-29", "close": 14.179608, "volume": 21876, "typical_volume": 15175.45, "trend": 13.519704, "fair_value": 12.725295, "relative_strength": -0.751772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.11583, "energy": 43.482358, "activity_lines": [ 14.02654, 14.020834, 13.803571, 13.665556 ] }, { "date": "2024-12-06", "close": 14.246855, "volume": 12788, "typical_volume": 15635.1, "trend": 13.545693, "fair_value": 12.725381, "relative_strength": -0.116187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.871304, "energy": 46.740067, "activity_lines": [ 14.108518, 14.066422, 13.862538, 13.712469 ] }, { "date": "2024-12-13", "close": 13.910617, "volume": 8531, "typical_volume": 15054.45, "trend": 13.557625, "fair_value": 12.723157, "relative_strength": -1.01476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.524153, "energy": 41.021507, "activity_lines": [ 14.057922, 14.04389, 13.886189, 13.736012 ] }, { "date": "2024-12-20", "close": 13.497526, "volume": 7254, "typical_volume": 13443.9, "trend": 13.564652, "fair_value": 12.717668, "relative_strength": -1.215651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.177361, "energy": 16.004734, "activity_lines": [ 13.879876, 13.943281, 13.867662, 13.732135 ] }, { "date": "2024-12-27", "close": 13.881797, "volume": 3161, "typical_volume": 12977.0, "trend": 13.584804, "fair_value": 12.713346, "relative_strength": -0.793056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.218363, "energy": 18.608028, "activity_lines": [ 13.853617, 13.923368, 13.885183, 13.752596 ] }, { "date": "2025-01-03", "close": 13.923935, "volume": 15354, "typical_volume": 13415.5, "trend": 13.604777, "fair_value": 12.711165, "relative_strength": -0.37972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.219737, "energy": 22.323314, "activity_lines": [ 13.847169, 13.916532, 13.90205, 13.774476 ] }, { "date": "2025-01-10", "close": 13.923935, "volume": 11078, "typical_volume": 12063.25, "trend": 13.635198, "fair_value": 12.709659, "relative_strength": -0.896874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.149103, "energy": 17.663577, "activity_lines": [ 13.857765, 13.912423, 13.916064, 13.795066 ] }, { "date": "2025-01-17", "close": 14.040292, "volume": 8308, "typical_volume": 10760.15, "trend": 13.662849, "fair_value": 12.711756, "relative_strength": -0.270754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.058824, "energy": 21.27692, "activity_lines": [ 13.928675, 13.929752, 13.938397, 13.821201 ] }, { "date": "2025-01-24", "close": 14.214826, "volume": 1337, "typical_volume": 9252.2, "trend": 13.696686, "fair_value": 12.719752, "relative_strength": -0.233407, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.026741, "energy": 45.272541, "activity_lines": [ 14.049118, 13.979251, 13.972938, 13.856813 ] }, { "date": "2025-01-31", "close": 14.243915, "volume": 1101, "typical_volume": 8805.95, "trend": 13.732133, "fair_value": 12.724765, "relative_strength": -1.457675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.588411, "energy": 60.70515, "activity_lines": [ 14.131437, 14.027461, 14.003769, 13.892118 ] }, { "date": "2025-02-07", "close": 14.360271, "volume": 15600, "typical_volume": 8461.55, "trend": 13.759931, "fair_value": 12.728966, "relative_strength": -0.404663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.245651, "energy": 70.730729, "activity_lines": [ 14.228401, 14.091813, 14.04112, 13.932643 ] }, { "date": "2025-02-14", "close": 14.369967, "volume": 6890, "typical_volume": 8650.35, "trend": 13.787091, "fair_value": 12.733592, "relative_strength": -0.846701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.982322, "energy": 73.082034, "activity_lines": [ 14.299507, 14.154644, 14.075378, 13.972 ] }, { "date": "2025-02-21", "close": 14.340878, "volume": 17814, "typical_volume": 9188.8, "trend": 13.821287, "fair_value": 12.740266, "relative_strength": 1.995405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.430026, "energy": 67.427418, "activity_lines": [ 14.331182, 14.209948, 14.10445, 14.007728 ] }, { "date": "2025-02-28", "close": 14.117863, "volume": 210319, "typical_volume": 19589.75, "trend": 13.845808, "fair_value": 12.746341, "relative_strength": 1.899313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.284396, "energy": 44.199586, "activity_lines": [ 14.268479, 14.21688, 14.109455, 14.026862 ] }, { "date": "2025-03-07", "close": 13.642741, "volume": 95345, "typical_volume": 23905.25, "trend": 13.870502, "fair_value": 12.750618, "relative_strength": 1.227873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.280032, "energy": 7.849297, "activity_lines": [ 14.053866, 14.126148, 14.069094, 14.013761 ] }, { "date": "2025-03-14", "close": 13.429422, "volume": 11839, "typical_volume": 24329.05, "trend": 13.873996, "fair_value": 12.749423, "relative_strength": 1.689218, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -34.760424, "energy": 33.555659, "activity_lines": [ 13.808226, 14.000977, 14.010972, 13.985304 ] }, { "date": "2025-03-21", "close": 13.797882, "volume": 15362, "typical_volume": 24612.45, "trend": 13.889132, "fair_value": 12.748824, "relative_strength": 2.611819, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.702561, "energy": 32.316033, "activity_lines": [ 13.747462, 13.95179, 13.991011, 13.980394 ] }, { "date": "2025-03-28", "close": 13.730008, "volume": 14158, "typical_volume": 25122.15, "trend": 13.90969, "fair_value": 12.746958, "relative_strength": 1.458239, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.655634, "energy": 42.249345, "activity_lines": [ 13.702212, 13.892554, 13.96526, 13.970128 ] }, { "date": "2025-04-04", "close": 12.876732, "volume": 7384, "typical_volume": 24713.8, "trend": 13.910452, "fair_value": 12.740713, "relative_strength": -0.877257, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.516309, "energy": 85.410853, "activity_lines": [ 13.413262, 13.683819, 13.859836, 13.903485 ] }, { "date": "2025-04-11", "close": 13.099748, "volume": 33913, "typical_volume": 25970.6, "trend": 13.904238, "fair_value": 12.734599, "relative_strength": 1.163989, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.268384, "energy": 75.959348, "activity_lines": [ 13.281392, 13.539961, 13.780301, 13.851182 ] }, { "date": "2025-04-18", "close": 13.380941, "volume": 5830, "typical_volume": 25168.3, "trend": 13.899711, "fair_value": 12.73112, "relative_strength": 1.079624, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.5971, "energy": 69.89739, "activity_lines": [ 13.279453, 13.468031, 13.731682, 13.817421 ] }, { "date": "2025-04-25", "close": 13.439118, "volume": 21166, "typical_volume": 25587.2, "trend": 13.885596, "fair_value": 12.730506, "relative_strength": -0.308659, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.988172, "energy": 62.922345, "activity_lines": [ 13.300138, 13.424486, 13.692407, 13.787705 ] }, { "date": "2025-05-02", "close": 13.826973, "volume": 12994, "typical_volume": 25810.35, "trend": 13.888251, "fair_value": 12.734509, "relative_strength": -0.729286, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.32489, "energy": 28.655634, "activity_lines": [ 13.474026, 13.468384, 13.693917, 13.783923 ] }, { "date": "2025-05-09", "close": 14.311789, "volume": 7550, "typical_volume": 25825.15, "trend": 13.895539, "fair_value": 12.747179, "relative_strength": 2.835398, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.366798, "energy": 14.257101, "activity_lines": [ 13.803055, 13.609774, 13.741998, 13.811248 ] }, { "date": "2025-05-16", "close": 14.234219, "volume": 1592, "typical_volume": 25746.7, "trend": 13.89736, "fair_value": 12.757533, "relative_strength": 0.931519, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 16.29316, "energy": 27.540844, "activity_lines": [ 14.010556, 13.733535, 13.778814, 13.833098 ] }, { "date": "2025-05-23", "close": 14.214826, "volume": 13870, "typical_volume": 25672.5, "trend": 13.902056, "fair_value": 12.768023, "relative_strength": 0.608667, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.675939, "energy": 35.478114, "activity_lines": [ 14.135962, 13.843016, 13.812105, 13.85358 ] }, { "date": "2025-05-30", "close": 14.457233, "volume": 4829, "typical_volume": 25360.05, "trend": 13.919316, "fair_value": 12.78017, "relative_strength": 1.440515, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.457804, "energy": 51.014006, "activity_lines": [ 14.286578, 13.98229, 13.867097, 13.889398 ] }, { "date": "2025-06-06", "close": 14.525107, "volume": 18302, "typical_volume": 25859.75, "trend": 13.934675, "fair_value": 12.796805, "relative_strength": 0.935363, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.481639, "energy": 60.936998, "activity_lines": [ 14.391945, 14.121917, 13.926013, 13.928481 ] }, { "date": "2025-06-13", "close": 14.583286, "volume": 5473, "typical_volume": 26066.55, "trend": 13.959019, "fair_value": 12.819632, "relative_strength": 0.938879, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.745276, "energy": 74.773187, "activity_lines": [ 14.470162, 14.257666, 13.988162, 13.970327 ] }, { "date": "2025-06-20", "close": 14.447537, "volume": 9889, "typical_volume": 26505.95, "trend": 13.974995, "fair_value": 12.840445, "relative_strength": 0.487274, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.193742, "energy": 69.622885, "activity_lines": [ 14.485029, 14.337704, 14.035628, 14.001844 ] }, { "date": "2025-06-27", "close": 14.552593, "volume": 2915, "typical_volume": 25871.7, "trend": 13.987428, "fair_value": 12.861605, "relative_strength": 1.103199, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.034051, "energy": 60.436942, "activity_lines": [ 14.520695, 14.412339, 14.092129, 14.039109 ] }, { "date": "2025-07-04", "close": 14.660828, "volume": 33877, "typical_volume": 27221.05, "trend": 14.001227, "fair_value": 12.881347, "relative_strength": 0.781842, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.336631, "energy": 65.984012, "activity_lines": [ 14.56992, 14.48535, 14.158023, 14.082554 ] }, { "date": "2025-07-11", "close": 14.582111, "volume": 2073, "typical_volume": 26434.0, "trend": 14.02361, "fair_value": 12.902345, "relative_strength": 0.508166, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.541148, "energy": 68.783716, "activity_lines": [ 14.579334, 14.521836, 14.215035, 14.12003 ] }, { "date": "2025-07-18", "close": 15.034728, "volume": 21480, "typical_volume": 16992.05, "trend": 14.07485, "fair_value": 12.921493, "relative_strength": 1.513204, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.721125, "energy": 85.452245, "activity_lines": [ 14.735819, 14.626886, 14.314005, 14.185264 ] }, { "date": "2025-07-25", "close": 15.034728, "volume": 14562, "typical_volume": 12952.9, "trend": 14.113281, "fair_value": 12.938472, "relative_strength": 2.508132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.821211, "energy": 86.92675, "activity_lines": [ 14.862209, 14.718791, 14.408608, 14.247191 ] }, { "date": "2025-08-01", "close": 14.857617, "volume": 7847, "typical_volume": 12753.3, "trend": 14.144404, "fair_value": 12.952733, "relative_strength": 1.322739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.40433, "energy": 81.653612, "activity_lines": [ 14.890415, 14.76394, 14.479715, 14.295213 ] }, { "date": "2025-08-08", "close": 15.447986, "volume": 11119, "typical_volume": 12541.15, "trend": 14.195205, "fair_value": 12.969898, "relative_strength": 3.501218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.72311, "energy": 94.040337, "activity_lines": [ 15.095077, 14.904742, 14.600247, 14.379315 ] }, { "date": "2025-08-15", "close": 15.634936, "volume": 12443, "typical_volume": 12455.4, "trend": 14.24836, "fair_value": 12.988849, "relative_strength": 3.121967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.121794, "energy": 94.920725, "activity_lines": [ 15.309577, 15.061521, 14.730727, 14.472201 ] }, { "date": "2025-08-22", "close": 15.625097, "volume": 19668, "typical_volume": 13069.6, "trend": 14.295369, "fair_value": 13.008498, "relative_strength": 2.633663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.540528, "energy": 91.728099, "activity_lines": [ 15.45061, 15.196332, 14.851197, 14.561023 ] }, { "date": "2025-08-29", "close": 16.117071, "volume": 7568, "typical_volume": 11752.35, "trend": 14.357808, "fair_value": 13.034702, "relative_strength": 5.587921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.598639, "energy": 96.267101, "activity_lines": [ 15.716276, 15.401651, 15.005436, 14.678552 ] }, { "date": "2025-09-05", "close": 16.244984, "volume": 11644, "typical_volume": 12043.05, "trend": 14.420632, "fair_value": 13.059557, "relative_strength": 7.372652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.591247, "energy": 94.960995, "activity_lines": [ 15.952424, 15.599872, 15.157488, 14.800305 ] }, { "date": "2025-09-12", "close": 16.412256, "volume": 5265, "typical_volume": 11248.0, "trend": 14.488708, "fair_value": 13.088005, "relative_strength": 8.297571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.468155, "energy": 94.522051, "activity_lines": [ 16.151837, 15.797735, 15.311832, 14.928797 ] }, { "date": "2025-09-19", "close": 16.540169, "volume": 1941, "typical_volume": 10695.35, "trend": 14.562018, "fair_value": 13.120322, "relative_strength": 9.983221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.534396, "energy": 93.612425, "activity_lines": [ 16.329604, 15.987011, 15.464201, 15.061149 ] }, { "date": "2025-09-26", "close": 16.579527, "volume": 31424, "typical_volume": 11889.05, "trend": 14.644073, "fair_value": 13.155179, "relative_strength": 9.822056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.04967, "energy": 91.416233, "activity_lines": [ 16.460141, 16.147842, 15.607399, 15.191311 ] }, { "date": "2025-10-03", "close": 17.258451, "volume": 22469, "typical_volume": 12932.9, "trend": 14.764597, "fair_value": 13.190869, "relative_strength": 11.487624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.693162, "energy": 91.023012, "activity_lines": [ 16.753358, 16.404026, 15.804457, 15.359981 ] }, { "date": "2025-10-10", "close": 17.337168, "volume": 14936, "typical_volume": 12986.2, "trend": 14.894855, "fair_value": 13.228941, "relative_strength": 12.085034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.647515, "energy": 87.937636, "activity_lines": [ 16.996721, 16.634091, 15.99461, 15.525953 ] }, { "date": "2025-10-17", "close": 17.238773, "volume": 103494, "typical_volume": 17919.45, "trend": 15.009551, "fair_value": 13.266381, "relative_strength": 10.738184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.120776, "energy": 82.592189, "activity_lines": [ 17.134474, 16.801184, 16.160525, 15.677174 ] }, { "date": "2025-10-24", "close": 17.032143, "volume": 2887, "typical_volume": 17148.7, "trend": 15.119622, "fair_value": 13.300797, "relative_strength": 8.912133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.390993, "energy": 68.420746, "activity_lines": [ 17.148249, 16.898147, 16.293515, 15.807663 ] }, { "date": "2025-10-31", "close": 17.160057, "volume": 2672, "typical_volume": 17008.65, "trend": 15.2624, "fair_value": 13.334684, "relative_strength": 11.158682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.654925, "energy": 67.02417, "activity_lines": [ 17.171864, 16.992964, 16.426749, 15.939304 ] }, { "date": "2025-11-07", "close": 16.451612, "volume": 12394, "typical_volume": 17133.9, "trend": 15.374129, "fair_value": 13.363443, "relative_strength": 7.717926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.60931, "energy": 57.279478, "activity_lines": [ 16.920629, 16.931065, 16.480242, 16.016028 ] }, { "date": "2025-11-14", "close": 16.540169, "volume": 8694, "typical_volume": 17422.85, "trend": 15.479436, "fair_value": 13.390893, "relative_strength": 9.698449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.764892, "energy": 42.252015, "activity_lines": [ 16.752702, 16.879184, 16.532625, 16.091256 ] }, { "date": "2025-11-21", "close": 15.939961, "volume": 13138, "typical_volume": 16385.9, "trend": 15.562798, "fair_value": 13.413851, "relative_strength": 8.182218, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.295894, "energy": 26.330433, "activity_lines": [ 16.437838, 16.712807, 16.518382, 16.120967 ] }, { "date": "2025-11-28", "close": 16.658243, "volume": 5637, "typical_volume": 16564.1, "trend": 15.657173, "fair_value": 13.440123, "relative_strength": 10.157483, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.71913, "energy": 29.540648, "activity_lines": [ 16.44899, 16.685614, 16.566454, 16.191641 ] }, { "date": "2025-12-05", "close": 16.589367, "volume": 23354, "typical_volume": 16657.8, "trend": 15.733093, "fair_value": 13.468241, "relative_strength": 9.167211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.46761, "energy": 23.483023, "activity_lines": [ 16.462109, 16.643752, 16.598081, 16.251783 ] }, { "date": "2025-12-12", "close": 16.736959, "volume": 6790, "typical_volume": 16269.2, "trend": 15.816517, "fair_value": 13.497598, "relative_strength": 9.049407, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.798377, "energy": 17.268259, "activity_lines": [ 16.562472, 16.628546, 16.636362, 16.316548 ] }, { "date": "2025-12-19", "close": 16.91407, "volume": 89318, "typical_volume": 20342.75, "trend": 15.906492, "fair_value": 13.529497, "relative_strength": 10.8249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.750602, "energy": 32.760741, "activity_lines": [ 16.702849, 16.655023, 16.683404, 16.387358 ] }, { "date": "2025-12-26", "close": 17.248611, "volume": 11961, "typical_volume": 20384.85, "trend": 15.999538, "fair_value": 13.564405, "relative_strength": 10.847464, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.773423, "energy": 41.8884, "activity_lines": [ 16.929813, 16.750018, 16.752515, 16.473946 ] }, { "date": "2026-01-02", "close": 17.190001, "volume": 10115, "typical_volume": 20268.45, "trend": 16.088368, "fair_value": 13.595609, "relative_strength": 10.574965, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.255053, "energy": 57.631595, "activity_lines": [ 17.049996, 16.834179, 16.807469, 16.55075 ] }, { "date": "2026-01-09", "close": 17.59, "volume": 7447, "typical_volume": 19657.4, "trend": 16.188592, "fair_value": 13.627119, "relative_strength": 12.864748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.841465, "energy": 74.302807, "activity_lines": [ 17.268062, 16.988196, 16.893113, 16.64763 ] }, { "date": "2026-01-16", "close": 17.91, "volume": 31932, "typical_volume": 20875.6, "trend": 16.304007, "fair_value": 13.660501, "relative_strength": 12.127718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.917383, "energy": 83.235692, "activity_lines": [ 17.526086, 17.192578, 16.999877, 16.758689 ] }, { "date": "2026-01-23", "close": 18.110001, "volume": 956, "typical_volume": 20341.2, "trend": 16.422587, "fair_value": 13.694215, "relative_strength": 13.51015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.100124, "energy": 87.350114, "activity_lines": [ 17.772575, 17.406808, 17.117151, 16.875204 ] }, { "date": "2026-01-30", "close": 17.57, "volume": 10404, "typical_volume": 20598.15, "trend": 16.51956, "fair_value": 13.723991, "relative_strength": 9.648861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.426485, "energy": 74.635529, "activity_lines": [ 17.759334, 17.494313, 17.174115, 16.949231 ] }, { "date": "2026-02-06", "close": 16.209999, "volume": 4833, "typical_volume": 20742.75, "trend": 16.573823, "fair_value": 13.748141, "relative_strength": 2.832942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.453848, "energy": 23.501738, "activity_lines": [ 17.271333, 17.304908, 17.096042, 16.929259 ] }, { "date": "2026-02-13", "close": 16.4, "volume": 7291, "typical_volume": 19536.1, "trend": 16.619332, "fair_value": 13.773805, "relative_strength": 1.430397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.965796, "energy": 12.657639, "activity_lines": [ 16.912, 17.158199, 17.037637, 16.918045 ] }, { "date": "2026-02-20", "close": 16.73, "volume": 38387, "typical_volume": 20332.0, "trend": 16.675841, "fair_value": 13.80212, "relative_strength": 1.48277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.487789, "energy": 26.778272, "activity_lines": [ 16.742, 17.074933, 17.011515, 16.925185 ] }, { "date": "2026-02-27", "close": 17.120001, "volume": 11182, "typical_volume": 20144.3, "trend": 16.751254, "fair_value": 13.833113, "relative_strength": 2.380399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.56282, "energy": 28.274942, "activity_lines": [ 16.780667, 17.062702, 17.025052, 16.95384 ] }, { "date": "2026-03-06", "close": 16.360001, "volume": 4825, "typical_volume": 15210.85, "trend": 16.781654, "fair_value": 13.860185, "relative_strength": 1.536005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -26.747519, "energy": 28.120535, "activity_lines": [ 16.632001, 16.908546, 16.967243, 16.928598 ] }, { "date": "2026-03-13", "close": 15.66, "volume": 6662, "typical_volume": 15399.6, "trend": 16.78249, "fair_value": 13.885028, "relative_strength": -0.268625, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.505017, "energy": 54.622293, "activity_lines": [ 16.330667, 16.643273, 16.846952, 16.856233 ] }, { "date": "2026-03-20", "close": 15.04, "volume": 1662, "typical_volume": 15349.1, "trend": 16.762986, "fair_value": 13.906729, "relative_strength": -2.118909, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.031675, "energy": 80.569704, "activity_lines": [ 15.859334, 16.293091, 16.674147, 16.743815 ] }, { "date": "2026-03-27", "close": 15.15, "volume": 22487, "typical_volume": 15853.75, "trend": 16.730751, "fair_value": 13.926045, "relative_strength": -2.481182, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.662605, "energy": 84.439145, "activity_lines": [ 15.515334, 16.009273, 16.521913, 16.639751 ] }, { "date": "2026-04-03", "close": 15.31, "volume": 12987, "typical_volume": 16068.4, "trend": 16.699585, "fair_value": 13.945376, "relative_strength": -2.285558, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.902585, "energy": 80.829972, "activity_lines": [ 15.33, 15.804727, 16.391116, 16.54809 ] }, { "date": "2026-04-10", "close": 15.86, "volume": 4835, "typical_volume": 15653.25, "trend": 16.681176, "fair_value": 13.966212, "relative_strength": -3.138327, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.981513, "energy": 73.299225, "activity_lines": [ 15.448667, 15.751091, 16.318558, 16.493923 ] }, { "date": "2026-04-17", "close": 16.139999, "volume": 12654, "typical_volume": 16004.1, "trend": 16.667837, "fair_value": 13.989734, "relative_strength": -1.37354, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.849124, "energy": 42.811311, "activity_lines": [ 15.694, 15.779454, 16.273047, 16.459008 ] }, { "date": "2026-04-24", "close": 15.97, "volume": 8713, "typical_volume": 15272.05, "trend": 16.64752, "fair_value": 14.012107, "relative_strength": -0.767495, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.164322, "energy": 27.379656, "activity_lines": [ 15.850666, 15.778182, 16.213814, 16.413987 ] }, { "date": "2026-05-01", "close": 14.825397, "volume": 3215, "typical_volume": 15093.3, "trend": 16.566418, "fair_value": 14.028034, "relative_strength": -7.300656, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.126786, "energy": 39.782191, "activity_lines": [ 15.563799, 15.576618, 16.04852, 16.29643 ] }, { "date": "2026-05-08", "close": 14.816078, "volume": 12787, "typical_volume": 11266.75, "trend": 16.482381, "fair_value": 14.042713, "relative_strength": -7.470508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.678635, "energy": 49.950083, "activity_lines": [ 15.295465, 15.407988, 15.891442, 16.183505 ] }, { "date": "2026-05-15", "close": 14.722897, "volume": 13438, "typical_volume": 11340.6, "trend": 16.398519, "fair_value": 14.057389, "relative_strength": -6.842082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.272695, "energy": 76.687939, "activity_lines": [ 15.028999, 15.264306, 15.735479, 16.06999 ] }, { "date": "2026-05-22", "close": 14.508575, "volume": 8061, "typical_volume": 11237.9, "trend": 16.3144, "fair_value": 14.07295, "relative_strength": -8.452738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.276129, "energy": 83.464957, "activity_lines": [ 14.766899, 15.111422, 15.571132, 15.948058 ] }, { "date": "2026-05-29", "close": 14.927898, "volume": 10698, "typical_volume": 11400.45, "trend": 16.239995, "fair_value": 14.090604, "relative_strength": -6.608376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.826626, "energy": 76.66711, "activity_lines": [ 14.753336, 15.055714, 15.459489, 15.858606 ] }, { "date": "2026-06-05", "close": 14.657667, "volume": 302, "typical_volume": 9818.95, "trend": 16.180196, "fair_value": 14.10718, "relative_strength": -7.159515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.339375, "energy": 73.517183, "activity_lines": [ 14.719168, 14.952911, 15.334787, 15.756521 ] }, { "date": "2026-06-12", "close": 14.750851, "volume": 131, "typical_volume": 9777.7, "trend": 16.120553, "fair_value": 14.12358, "relative_strength": -8.438314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.77755, "energy": 59.298845, "activity_lines": [ 14.727244, 14.876001, 15.234446, 15.664305 ] }, { "date": "2026-06-19", "close": 15.058354, "volume": 3829, "typical_volume": 9448.95, "trend": 16.091166, "fair_value": 14.14421, "relative_strength": -6.797939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.02681, "energy": 45.309614, "activity_lines": [ 14.84217, 14.865168, 15.179388, 15.595776 ] }, { "date": "2026-06-26", "close": 14.499257, "volume": 413, "typical_volume": 9227.95, "trend": 16.019199, "fair_value": 14.159907, "relative_strength": -9.54583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.465004, "energy": 51.723334, "activity_lines": [ 14.748366, 14.767257, 15.083042, 15.493072 ] }, { "date": "2026-07-03", "close": 14.67, "volume": 5319, "typical_volume": 9129.35, "trend": 15.955221, "fair_value": 14.177299, "relative_strength": -9.267146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.99651, "energy": 48.145943, "activity_lines": [ 14.712097, 14.730221, 15.011104, 15.406027 ] }, { "date": "2026-07-10", "close": 14.48, "volume": 33974, "typical_volume": 8908.7, "trend": 15.879989, "fair_value": 14.189804, "relative_strength": -9.999492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.764367, "energy": 52.376163, "activity_lines": [ 14.629689, 14.682276, 14.929309, 15.310851 ] }, { "date": "2026-07-17", "close": 14.12, "volume": 3398, "typical_volume": 8519.5, "trend": 15.786853, "fair_value": 14.200783, "relative_strength": -12.040881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.860968, "energy": 76.120017, "activity_lines": [ 14.439125, 14.575156, 14.823942, 15.197304 ] }, { "date": "2026-07-24", "close": 13.96, "volume": 30439, "typical_volume": 9800.2, "trend": 15.677233, "fair_value": 14.210496, "relative_strength": -12.663757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.992722, "energy": 81.456502, "activity_lines": [ 14.237284, 14.451602, 14.717624, 15.079442 ] }, { "date": "2026-07-31", "close": 14.11, "volume": 24928, "typical_volume": 10713.5, "trend": 15.574566, "fair_value": 14.222434, "relative_strength": -13.605525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.757455, "energy": 86.694983, "activity_lines": [ 14.158667, 14.369191, 14.637019, 14.978331 ] }, { "date": "2026-08-07", "close": 15.0, "volume": 3070, "typical_volume": 10783.9, "trend": 15.488233, "fair_value": 14.239174, "relative_strength": -10.872606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.473798, "energy": 48.711158, "activity_lines": [ 14.402667, 14.455845, 14.648557, 14.941262 ] } ], "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." } } }