{ "ticker": { "uuid": "697959f8-78cb-402c-af4b-d323e2cbdcfb", "symbol": "DBAN", "name": "Deutsche Beteiligungs AG", "exchange": "VIE", "country": "AT", "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": "^ATX", "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": -71.892, "architecture_energy": 86.376, "architecture_maturity": 26.455, "architecture_confidence": 79.756, "architecture_tenure": "Developing", "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": 0.0, "rotation_up": 10.73, "upward_expansion": 20.84, "deceleration": 37.65, "rotation_down": 81.35, "downward_expansion": 98.84 }, "activity_lines": [ 21.423333, 21.844545, 22.700505, 23.223884 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 21.35, "trend_reference": 23.873, "distance_from_trend": -0.105684, "trend_direction": "Weakening", "fair_value": 24.643639, "distance_from_fair_value": -0.133651, "fair_value_direction": "Weakening", "relative_strength": -28.355843, "relative_strength_direction": "Weakening", "price_momentum": -0.152778, "excess_performance": -0.327025, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.105684, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.032947, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.133651, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.116279, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.283558, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.122568, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.152778, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.767123, "read": "Demand-led" } ], "volume": { "latest": 200, "relative_activity": 14.545455, "balance": 2.767123, "dry_up": 3.636364, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.031331, "annualized_volatility": 0.142568, "from_high_reference": -0.181992, "from_low_reference": 0.028916 }, "levels": { "trend_reference": 23.873, "fair_value_reference": 24.643639, "structural_low": 20.75, "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": 24, "median_return": 0.012122, "positive_rate": 0.541667, "directional_follow_through": 0.458333, "median_excess_return": -0.013501, "regime_survival": 0.875, "best_return": 0.249438, "worst_return": -0.138103, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.016694, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.026271, "regime_survival": 0.428571, "best_return": 0.08805, "worst_return": -0.086588, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.006442, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.051058, "regime_survival": 0.0, "best_return": 0.151206, "worst_return": -0.101836, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.048678, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.162684, "regime_survival": 0.333333, "best_return": 0.048924, "worst_return": -0.080691, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-03-14", "tenure": "Developing", "return": 0.052738, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.094444, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.076233, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.078, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-29", "tenure": "Established", "return": -0.005871, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": -0.041408, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-10-10", "tenure": "New", "return": 0.027197, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-12-19", "tenure": "Developing", "return": 0.04375, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": 0.017928, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.001984, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": -0.028269, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-05-08", "tenure": "Developing", "return": 0.04065, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.04703, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.089552, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 28.119593, "volume": 0, "typical_volume": 2.5, "trend": 26.711501, "fair_value": 27.538919, "relative_strength": 12.065957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.674385, "energy": 73.490057, "activity_lines": [ 28.10734, 27.73865, 27.252069, 26.931558 ] }, { "date": "2023-08-25", "close": 28.716906, "volume": 0, "typical_volume": 2.5, "trend": 26.782381, "fair_value": 27.56265, "relative_strength": 14.918131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.782702, "energy": 81.424552, "activity_lines": [ 28.32176, 27.982587, 27.432138, 27.060939 ] }, { "date": "2023-09-01", "close": 29.314217, "volume": 0, "typical_volume": 2.5, "trend": 26.879141, "fair_value": 27.594263, "relative_strength": 14.398534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.658635, "energy": 87.291206, "activity_lines": [ 28.680148, 28.298369, 27.653777, 27.224283 ] }, { "date": "2023-09-08", "close": 28.992586, "volume": 0, "typical_volume": 2.5, "trend": 26.915938, "fair_value": 27.618748, "relative_strength": 13.861248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.758821, "energy": 83.745625, "activity_lines": [ 28.842493, 28.493853, 27.826188, 27.360634 ] }, { "date": "2023-09-15", "close": 28.854744, "volume": 0, "typical_volume": 0.0, "trend": 26.957093, "fair_value": 27.642603, "relative_strength": 11.475773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.495739, "energy": 80.938468, "activity_lines": [ 28.916008, 28.620833, 27.969937, 27.485719 ] }, { "date": "2023-09-22", "close": 29.589901, "volume": 0, "typical_volume": 0.0, "trend": 27.013801, "fair_value": 27.67801, "relative_strength": 14.560766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.630662, "energy": 78.220378, "activity_lines": [ 29.179439, 28.848063, 28.171229, 27.655577 ] }, { "date": "2023-09-29", "close": 28.992586, "volume": 0, "typical_volume": 0.0, "trend": 27.0429, "fair_value": 27.703761, "relative_strength": 11.406003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.931023, "energy": 55.402141, "activity_lines": [ 29.145744, 28.922413, 28.297692, 27.783241 ] }, { "date": "2023-10-06", "close": 29.084482, "volume": 0, "typical_volume": 0.0, "trend": 27.170021, "fair_value": 27.715916, "relative_strength": 12.986001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.463012, "energy": 51.338742, "activity_lines": [ 29.124302, 28.993423, 28.422406, 27.914956 ] }, { "date": "2023-10-13", "close": 28.8088, "volume": 28, "typical_volume": 1.4, "trend": 27.310925, "fair_value": 27.740743, "relative_strength": 10.447934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.152306, "energy": 48.005416, "activity_lines": [ 29.026282, 28.994258, 28.513206, 28.020683 ] }, { "date": "2023-10-20", "close": 27.384439, "volume": 0, "typical_volume": 1.4, "trend": 27.398224, "fair_value": 27.760745, "relative_strength": 8.515119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.693854, "energy": 15.744086, "activity_lines": [ 28.465728, 28.727765, 28.455225, 28.025426 ] }, { "date": "2023-10-27", "close": 26.557394, "volume": 0, "typical_volume": 1.4, "trend": 27.427324, "fair_value": 27.789632, "relative_strength": 5.449402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.430687, "energy": 21.471793, "activity_lines": [ 27.727512, 28.322596, 28.315853, 27.971179 ] }, { "date": "2023-11-03", "close": 26.419552, "volume": 0, "typical_volume": 1.4, "trend": 27.457955, "fair_value": 27.807756, "relative_strength": -0.72924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.495841, "energy": 42.786315, "activity_lines": [ 27.145516, 27.920768, 28.165103, 27.906162 ] }, { "date": "2023-11-10", "close": 26.511446, "volume": 0, "typical_volume": 1.4, "trend": 27.494713, "fair_value": 27.81507, "relative_strength": -1.036983, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -32.643898, "energy": 44.483594, "activity_lines": [ 26.765687, 27.577418, 28.024417, 27.845096 ] }, { "date": "2023-11-17", "close": 26.557394, "volume": 0, "typical_volume": 1.4, "trend": 27.522281, "fair_value": 27.815838, "relative_strength": -3.142251, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.543413, "energy": 54.648981, "activity_lines": [ 26.572709, 27.293382, 27.885263, 27.784624 ] }, { "date": "2023-11-24", "close": 25.546558, "volume": 26, "typical_volume": 2.7, "trend": 27.499308, "fair_value": 27.809874, "relative_strength": -6.331404, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.226959, "energy": 68.325869, "activity_lines": [ 26.19288, 26.869833, 27.650058, 27.657158 ] }, { "date": "2023-12-01", "close": 24.44383, "volume": 0, "typical_volume": 2.7, "trend": 27.453361, "fair_value": 27.795827, "relative_strength": -11.948398, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.44975, "energy": 69.659732, "activity_lines": [ 25.568001, 26.305938, 27.316833, 27.460031 ] }, { "date": "2023-12-08", "close": 25.316822, "volume": 0, "typical_volume": 2.7, "trend": 27.404351, "fair_value": 27.793456, "relative_strength": -8.819047, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.226388, "energy": 65.956102, "activity_lines": [ 25.375023, 25.994333, 27.079658, 27.322189 ] }, { "date": "2023-12-15", "close": 25.822241, "volume": 0, "typical_volume": 2.7, "trend": 27.349214, "fair_value": 27.788499, "relative_strength": -8.381505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.025641, "energy": 56.804199, "activity_lines": [ 25.424033, 25.841455, 26.902871, 27.220118 ] }, { "date": "2023-12-22", "close": 26.373606, "volume": 0, "typical_volume": 2.7, "trend": 27.359935, "fair_value": 27.785303, "relative_strength": -7.423403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.43858, "energy": 46.56464, "activity_lines": [ 25.702779, 25.848138, 26.788879, 27.157175 ] }, { "date": "2023-12-29", "close": 26.879023, "volume": 0, "typical_volume": 2.7, "trend": 27.361467, "fair_value": 27.7894, "relative_strength": -6.360895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.099463, "energy": 27.462995, "activity_lines": [ 26.162249, 25.990992, 26.73243, 27.126149 ] }, { "date": "2024-01-05", "close": 27.56823, "volume": 26, "typical_volume": 4.0, "trend": 27.382909, "fair_value": 27.780942, "relative_strength": -3.863946, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.782116, "energy": 20.916276, "activity_lines": [ 26.762624, 26.268345, 26.747089, 27.139488 ] }, { "date": "2024-01-12", "close": 26.879023, "volume": 0, "typical_volume": 4.0, "trend": 27.389035, "fair_value": 27.773133, "relative_strength": -5.373653, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.625081, "energy": 23.651742, "activity_lines": [ 26.92497, 26.402009, 26.698736, 27.10698 ] }, { "date": "2024-01-19", "close": 24.719511, "volume": 1074, "typical_volume": 57.7, "trend": 27.349214, "fair_value": 27.743881, "relative_strength": -11.422425, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.499123, "energy": 25.728168, "activity_lines": [ 26.263333, 26.134681, 26.453466, 26.934752 ] }, { "date": "2024-01-26", "close": 25.454666, "volume": 0, "typical_volume": 57.7, "trend": 27.310925, "fair_value": 27.724155, "relative_strength": -11.6176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.420956, "energy": 32.799081, "activity_lines": [ 25.920262, 26.033598, 26.30009, 26.812523 ] }, { "date": "2024-02-02", "close": 25.133036, "volume": 0, "typical_volume": 57.7, "trend": 27.248131, "fair_value": 27.694007, "relative_strength": -12.255816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.95274, "energy": 56.417715, "activity_lines": [ 25.531244, 25.894086, 26.132931, 26.672014 ] }, { "date": "2024-02-09", "close": 24.26004, "volume": 0, "typical_volume": 57.7, "trend": 27.151642, "fair_value": 27.654717, "relative_strength": -13.064427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.745749, "energy": 75.415892, "activity_lines": [ 24.967626, 25.603366, 25.900351, 26.479234 ] }, { "date": "2024-02-16", "close": 25.546558, "volume": 0, "typical_volume": 57.7, "trend": 27.073532, "fair_value": 27.62038, "relative_strength": -9.653883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.614687, "energy": 61.643521, "activity_lines": [ 25.053393, 25.5499, 25.815677, 26.37568 ] }, { "date": "2024-02-23", "close": 25.979012, "volume": 0, "typical_volume": 57.7, "trend": 27.006774, "fair_value": 27.594981, "relative_strength": -7.445878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.275286, "energy": 41.341913, "activity_lines": [ 25.372143, 25.570885, 25.788599, 26.305066 ] }, { "date": "2024-03-01", "close": 24.167631, "volume": 0, "typical_volume": 56.3, "trend": 26.867384, "fair_value": 27.569352, "relative_strength": -13.581188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.764406, "energy": 49.471939, "activity_lines": [ 25.003133, 25.259678, 25.603796, 26.121896 ] }, { "date": "2024-03-08", "close": 23.929293, "volume": 0, "typical_volume": 56.3, "trend": 26.730771, "fair_value": 27.538574, "relative_strength": -14.382429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.550966, "energy": 49.529769, "activity_lines": [ 24.640479, 24.945246, 25.418395, 25.932341 ] }, { "date": "2024-03-15", "close": 24.072296, "volume": 0, "typical_volume": 56.3, "trend": 26.595861, "fair_value": 27.51311, "relative_strength": -14.507789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.721814, "energy": 61.723511, "activity_lines": [ 24.405742, 24.710445, 25.263067, 25.760827 ] }, { "date": "2024-03-22", "close": 23.929293, "volume": 0, "typical_volume": 56.3, "trend": 26.436274, "fair_value": 27.482849, "relative_strength": -16.922655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.494277, "energy": 75.470097, "activity_lines": [ 24.135853, 24.513206, 25.105953, 25.58879 ] }, { "date": "2024-03-29", "close": 24.596642, "volume": 0, "typical_volume": 56.3, "trend": 26.279021, "fair_value": 27.436948, "relative_strength": -15.277528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.303253, "energy": 61.26975, "activity_lines": [ 24.196232, 24.490935, 25.024255, 25.470104 ] }, { "date": "2024-04-05", "close": 24.691978, "volume": 26, "typical_volume": 57.6, "trend": 26.135668, "fair_value": 27.380278, "relative_strength": -15.474929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.873316, "energy": 41.782657, "activity_lines": [ 24.380548, 24.488231, 24.960754, 25.367715 ] }, { "date": "2024-04-12", "close": 25.359329, "volume": 0, "typical_volume": 56.3, "trend": 26.019154, "fair_value": 27.351363, "relative_strength": -12.766346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.989919, "energy": 23.302824, "activity_lines": [ 24.752358, 24.620732, 24.969694, 25.317628 ] }, { "date": "2024-04-19", "close": 26.265018, "volume": 0, "typical_volume": 56.3, "trend": 25.908324, "fair_value": 27.333198, "relative_strength": -9.092732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.430796, "energy": 15.80378, "activity_lines": [ 25.330728, 24.913788, 25.065781, 25.33349 ] }, { "date": "2024-04-26", "close": 25.979012, "volume": 0, "typical_volume": 56.3, "trend": 25.807872, "fair_value": 27.311003, "relative_strength": -10.214532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.773838, "energy": 23.092231, "activity_lines": [ 25.667581, 25.118389, 25.125957, 25.338051 ] }, { "date": "2024-05-03", "close": 26.598694, "volume": 0, "typical_volume": 56.3, "trend": 25.725012, "fair_value": 27.296626, "relative_strength": -9.032192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.930001, "energy": 41.303798, "activity_lines": [ 26.074347, 25.427797, 25.241997, 25.389072 ] }, { "date": "2024-05-10", "close": 26.980038, "volume": 0, "typical_volume": 56.3, "trend": 25.664054, "fair_value": 27.279199, "relative_strength": -9.883613, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.628159, "energy": 64.267238, "activity_lines": [ 26.474758, 25.795274, 25.390658, 25.470041 ] }, { "date": "2024-05-17", "close": 26.45569, "volume": 0, "typical_volume": 56.3, "trend": 25.633095, "fair_value": 27.258686, "relative_strength": -12.803297, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.345407, "energy": 61.034093, "activity_lines": [ 26.547848, 26.016279, 25.486494, 25.521114 ] }, { "date": "2024-05-24", "close": 26.598694, "volume": 0, "typical_volume": 55.0, "trend": 25.634472, "fair_value": 27.235518, "relative_strength": -11.974223, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.138726, "energy": 60.673005, "activity_lines": [ 26.595516, 26.217351, 25.597965, 25.583411 ] }, { "date": "2024-05-31", "close": 26.884703, "volume": 0, "typical_volume": 55.0, "trend": 25.649977, "fair_value": 27.21281, "relative_strength": -9.337804, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.402985, "energy": 72.425359, "activity_lines": [ 26.716275, 26.42449, 25.741292, 25.664071 ] }, { "date": "2024-06-07", "close": 26.837034, "volume": 0, "typical_volume": 1.3, "trend": 25.66083, "fair_value": 27.188972, "relative_strength": -8.505389, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.408907, "energy": 54.357669, "activity_lines": [ 26.760765, 26.569227, 25.880051, 25.740656 ] }, { "date": "2024-06-14", "close": 25.883677, "volume": 0, "typical_volume": 1.3, "trend": 25.638373, "fair_value": 27.162869, "relative_strength": -8.421197, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.854963, "energy": 34.515722, "activity_lines": [ 26.471581, 26.499892, 25.917932, 25.755033 ] }, { "date": "2024-06-21", "close": 26.598694, "volume": 0, "typical_volume": 1.3, "trend": 25.673444, "fair_value": 27.14547, "relative_strength": -7.149256, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.757512, "energy": 31.779454, "activity_lines": [ 26.493825, 26.538893, 26.021866, 25.816989 ] }, { "date": "2024-06-28", "close": 24.072296, "volume": 0, "typical_volume": 1.3, "trend": 25.661059, "fair_value": 27.112975, "relative_strength": -16.027459, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 2.422941, "energy": 13.501862, "activity_lines": [ 25.664404, 26.096015, 25.878212, 25.713689 ] }, { "date": "2024-07-05", "close": 24.548975, "volume": 0, "typical_volume": 1.3, "trend": 25.635464, "fair_value": 27.087932, "relative_strength": -16.237121, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.053478, "energy": 31.026868, "activity_lines": [ 25.162302, 25.779673, 25.78085, 25.641942 ] }, { "date": "2024-07-12", "close": 24.739647, "volume": 0, "typical_volume": 1.3, "trend": 25.599378, "fair_value": 27.056693, "relative_strength": -15.139822, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.060352, "energy": 36.326187, "activity_lines": [ 24.879473, 25.524, 25.706397, 25.584147 ] }, { "date": "2024-07-19", "close": 23.738619, "volume": 0, "typical_volume": 1.3, "trend": 25.511545, "fair_value": 27.007774, "relative_strength": -17.360071, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.083426, "energy": 55.781453, "activity_lines": [ 24.402793, 25.120123, 25.54251, 25.464098 ] }, { "date": "2024-07-26", "close": 23.357277, "volume": 40, "typical_volume": 3.3, "trend": 25.394154, "fair_value": 26.953114, "relative_strength": -18.214939, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.915492, "energy": 73.570748, "activity_lines": [ 23.942003, 24.705845, 25.344348, 25.325113 ] }, { "date": "2024-08-02", "close": 22.689926, "volume": 0, "typical_volume": 3.3, "trend": 25.231543, "fair_value": 26.890879, "relative_strength": -16.79524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.016788, "energy": 81.856638, "activity_lines": [ 23.474858, 24.226566, 25.085352, 25.150647 ] }, { "date": "2024-08-09", "close": 23.786289, "volume": 0, "typical_volume": 3.3, "trend": 25.128452, "fair_value": 26.835123, "relative_strength": -13.135642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.349199, "energy": 69.148434, "activity_lines": [ 23.465324, 24.017694, 24.937355, 25.057405 ] }, { "date": "2024-08-16", "close": 24.453638, "volume": 0, "typical_volume": 3.3, "trend": 25.11959, "fair_value": 26.789689, "relative_strength": -11.815575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.012793, "energy": 45.488884, "activity_lines": [ 23.729086, 23.986493, 24.853595, 25.013868 ] }, { "date": "2024-08-23", "close": 24.501307, "volume": 0, "typical_volume": 2.0, "trend": 25.087811, "fair_value": 26.742912, "relative_strength": -12.559775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.448144, "energy": 31.982497, "activity_lines": [ 24.027806, 24.007294, 24.775057, 24.973979 ] }, { "date": "2024-08-30", "close": 23.929293, "volume": 0, "typical_volume": 2.0, "trend": 25.047686, "fair_value": 26.693293, "relative_strength": -14.91394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.738386, "energy": 23.685349, "activity_lines": [ 24.085007, 23.949226, 24.642949, 24.899236 ] }, { "date": "2024-09-06", "close": 22.785261, "volume": 0, "typical_volume": 2.0, "trend": 24.998527, "fair_value": 26.628647, "relative_strength": -15.000302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.533728, "energy": 36.350243, "activity_lines": [ 23.722731, 23.731687, 24.408695, 24.753273 ] }, { "date": "2024-09-13", "close": 22.880598, "volume": 0, "typical_volume": 2.0, "trend": 24.909662, "fair_value": 26.564064, "relative_strength": -14.554979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.639469, "energy": 42.705602, "activity_lines": [ 23.385878, 23.554882, 24.200091, 24.616632 ] }, { "date": "2024-09-20", "close": 23.404943, "volume": 0, "typical_volume": 2.0, "trend": 24.82386, "fair_value": 26.511083, "relative_strength": -12.246663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.028588, "energy": 52.305177, "activity_lines": [ 23.284186, 23.503747, 24.056179, 24.519554 ] }, { "date": "2024-09-27", "close": 24.262968, "volume": 0, "typical_volume": 2.0, "trend": 24.827037, "fair_value": 26.471294, "relative_strength": -9.245408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.954816, "energy": 42.631568, "activity_lines": [ 23.538415, 23.632884, 24.009192, 24.483367 ] }, { "date": "2024-10-04", "close": 23.738619, "volume": 0, "typical_volume": 2.0, "trend": 24.820682, "fair_value": 26.42787, "relative_strength": -9.60579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.839224, "energy": 30.64983, "activity_lines": [ 23.63375, 23.657151, 23.925206, 24.413147 ] }, { "date": "2024-10-11", "close": 23.833956, "volume": 0, "typical_volume": 2.0, "trend": 24.812737, "fair_value": 26.37654, "relative_strength": -8.764624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.78733, "energy": 18.425916, "activity_lines": [ 23.773576, 23.691819, 23.863238, 24.349487 ] }, { "date": "2024-10-18", "close": 24.072296, "volume": 40, "typical_volume": 4.0, "trend": 24.817504, "fair_value": 26.320969, "relative_strength": -7.586815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.912885, "energy": 19.39988, "activity_lines": [ 23.922936, 23.74902, 23.837134, 24.301716 ] }, { "date": "2024-10-25", "close": 23.118937, "volume": 0, "typical_volume": 4.0, "trend": 24.768247, "fair_value": 26.249672, "relative_strength": -9.583186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.077123, "energy": 24.798023, "activity_lines": [ 23.675063, 23.627684, 23.733626, 24.192132 ] }, { "date": "2024-11-01", "close": 21.45056, "volume": 0, "typical_volume": 4.0, "trend": 24.6602, "fair_value": 26.170153, "relative_strength": -14.300006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.604002, "energy": 59.547946, "activity_lines": [ 22.890131, 23.227273, 23.488931, 23.978087 ] }, { "date": "2024-11-08", "close": 21.641233, "volume": 0, "typical_volume": 4.0, "trend": 24.536263, "fair_value": 26.088285, "relative_strength": -13.552494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.855528, "energy": 76.549223, "activity_lines": [ 22.356251, 22.916999, 23.283505, 23.783315 ] }, { "date": "2024-11-15", "close": 21.831903, "volume": 0, "typical_volume": 4.0, "trend": 24.388493, "fair_value": 26.009287, "relative_strength": -12.460252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.554939, "energy": 79.251168, "activity_lines": [ 22.025753, 22.682992, 23.119845, 23.60884 ] }, { "date": "2024-11-22", "close": 21.879572, "volume": 0, "typical_volume": 4.0, "trend": 24.251845, "fair_value": 25.941858, "relative_strength": -11.28938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.913034, "energy": 77.347806, "activity_lines": [ 21.844615, 22.474987, 22.971394, 23.446974 ] }, { "date": "2024-11-29", "close": 23.547949, "volume": 0, "typical_volume": 4.0, "trend": 24.150153, "fair_value": 25.882376, "relative_strength": -4.515051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.026665, "energy": 40.581141, "activity_lines": [ 22.365785, 22.588524, 22.994547, 23.401562 ] }, { "date": "2024-12-06", "close": 23.26194, "volume": 0, "typical_volume": 4.0, "trend": 24.026216, "fair_value": 25.816666, "relative_strength": -6.552142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.602024, "energy": 23.159798, "activity_lines": [ 22.763017, 22.647458, 22.996136, 23.344258 ] }, { "date": "2024-12-13", "close": 23.738619, "volume": 0, "typical_volume": 2.0, "trend": 23.935647, "fair_value": 25.755385, "relative_strength": -6.01409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.956913, "energy": 16.87407, "activity_lines": [ 23.198383, 22.811262, 23.045392, 23.325703 ] }, { "date": "2024-12-20", "close": 20.926214, "volume": 0, "typical_volume": 2.0, "trend": 23.746565, "fair_value": 25.677175, "relative_strength": -15.35482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.301167, "energy": 25.485208, "activity_lines": [ 22.556456, 22.46372, 22.824985, 23.131546 ] }, { "date": "2024-12-27", "close": 21.831903, "volume": 0, "typical_volume": 2.0, "trend": 23.578138, "fair_value": 25.599001, "relative_strength": -12.243293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.696584, "energy": 30.544174, "activity_lines": [ 22.276804, 22.333717, 22.699233, 23.00802 ] }, { "date": "2025-01-03", "close": 22.785261, "volume": 0, "typical_volume": 2.0, "trend": 23.443079, "fair_value": 25.534356, "relative_strength": -8.460735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.823118, "energy": 28.482054, "activity_lines": [ 22.318116, 22.417785, 22.673583, 22.956866 ] }, { "date": "2025-01-10", "close": 23.881622, "volume": 0, "typical_volume": 2.0, "trend": 23.376344, "fair_value": 25.473717, "relative_strength": -3.701722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.000498, "energy": 14.167654, "activity_lines": [ 22.775727, 22.707259, 22.760293, 22.985159 ] }, { "date": "2025-01-17", "close": 23.50028, "volume": 0, "typical_volume": 2.0, "trend": 23.273063, "fair_value": 25.416128, "relative_strength": -8.167048, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.843839, "energy": 8.098449, "activity_lines": [ 23.064913, 22.883197, 22.813635, 22.993155 ] }, { "date": "2025-01-24", "close": 22.785261, "volume": 0, "typical_volume": 2.0, "trend": 23.230162, "fair_value": 25.36357, "relative_strength": -12.0998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.866328, "energy": 15.287413, "activity_lines": [ 23.131648, 22.895331, 22.800924, 22.961684 ] }, { "date": "2025-01-31", "close": 22.928265, "volume": 0, "typical_volume": 2.0, "trend": 23.176139, "fair_value": 25.310006, "relative_strength": -11.641275, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.510983, "energy": 15.253746, "activity_lines": [ 23.122114, 22.916131, 22.801832, 22.942207 ] }, { "date": "2025-02-07", "close": 22.928265, "volume": 0, "typical_volume": 2.0, "trend": 23.115759, "fair_value": 25.253145, "relative_strength": -11.652473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.412909, "energy": 9.54757, "activity_lines": [ 23.03949, 22.917865, 22.802513, 22.926215 ] }, { "date": "2025-02-14", "close": 23.166605, "volume": 0, "typical_volume": 2.0, "trend": 23.096692, "fair_value": 25.201067, "relative_strength": -14.755247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.458953, "energy": 5.214621, "activity_lines": [ 23.026779, 22.974199, 22.828163, 22.929495 ] }, { "date": "2025-02-21", "close": 23.786289, "volume": 0, "typical_volume": 2.0, "trend": 23.110992, "fair_value": 25.157552, "relative_strength": -11.256305, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.664833, "energy": 14.725658, "activity_lines": [ 23.268297, 23.144938, 22.918051, 22.973985 ] }, { "date": "2025-02-28", "close": 23.50028, "volume": 0, "typical_volume": 2.0, "trend": 23.138004, "fair_value": 25.136309, "relative_strength": -14.048027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.426345, "energy": 19.086263, "activity_lines": [ 23.395411, 23.262807, 22.980473, 22.999101 ] }, { "date": "2025-03-07", "close": 24.310635, "volume": 0, "typical_volume": 0.0, "trend": 23.155482, "fair_value": 25.132598, "relative_strength": -13.685863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.910133, "energy": 45.602804, "activity_lines": [ 23.744976, 23.481213, 23.121661, 23.074754 ] }, { "date": "2025-03-14", "close": 24.739647, "volume": 0, "typical_volume": 0.0, "trend": 23.165016, "fair_value": 25.120447, "relative_strength": -11.971967, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.781828, "energy": 66.377594, "activity_lines": [ 24.145387, 23.732553, 23.302572, 23.176959 ] }, { "date": "2025-03-21", "close": 25.740673, "volume": 0, "typical_volume": 0.0, "trend": 23.206328, "fair_value": 25.118443, "relative_strength": -7.370434, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.074039, "energy": 81.414965, "activity_lines": [ 24.758714, 24.130364, 23.571101, 23.34313 ] }, { "date": "2025-03-28", "close": 23.30961, "volume": 0, "typical_volume": 0.0, "trend": 23.185672, "fair_value": 25.102577, "relative_strength": -14.089201, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.973359, "energy": 61.054003, "activity_lines": [ 24.390082, 24.052362, 23.587672, 23.349793 ] }, { "date": "2025-04-04", "close": 21.259888, "volume": 0, "typical_volume": 0.0, "trend": 23.134826, "fair_value": 25.076154, "relative_strength": -12.712067, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 6.609917, "energy": 6.333543, "activity_lines": [ 23.369989, 23.60515, 23.401086, 23.225549 ] }, { "date": "2025-04-11", "close": 22.356251, "volume": 307, "typical_volume": 15.35, "trend": 23.117348, "fair_value": 25.054751, "relative_strength": -6.749698, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.620836, "energy": 16.338622, "activity_lines": [ 22.864709, 23.385011, 23.321639, 23.175319 ] }, { "date": "2025-04-18", "close": 22.880598, "volume": 307, "typical_volume": 30.7, "trend": 23.09987, "fair_value": 25.033265, "relative_strength": -9.004625, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.29863, "energy": 26.352069, "activity_lines": [ 22.664503, 23.270608, 23.289861, 23.160044 ] }, { "date": "2025-04-25", "close": 23.833956, "volume": 0, "typical_volume": 30.7, "trend": 23.08557, "fair_value": 25.015882, "relative_strength": -8.20917, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.269876, "energy": 17.383002, "activity_lines": [ 22.906021, 23.33041, 23.352056, 23.207405 ] }, { "date": "2025-05-02", "close": 24.358303, "volume": 307, "typical_volume": 46.05, "trend": 23.106226, "fair_value": 25.003008, "relative_strength": -7.103085, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.447557, "energy": 16.568557, "activity_lines": [ 23.449435, 23.473413, 23.461465, 23.289517 ] }, { "date": "2025-05-09", "close": 25.693005, "volume": 0, "typical_volume": 46.05, "trend": 23.168194, "fair_value": 25.007011, "relative_strength": -5.959514, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.427737, "energy": 53.734106, "activity_lines": [ 24.367837, 23.84869, 23.695038, 23.456406 ] }, { "date": "2025-05-16", "close": 25.549999, "volume": 0, "typical_volume": 46.05, "trend": 23.217451, "fair_value": 25.005507, "relative_strength": -8.807617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.099893, "energy": 68.137559, "activity_lines": [ 24.943029, 24.158098, 23.892292, 23.61007 ] }, { "date": "2025-05-23", "close": 24.64431, "volume": 0, "typical_volume": 46.05, "trend": 23.268297, "fair_value": 24.991023, "relative_strength": -10.545072, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.292913, "energy": 65.269246, "activity_lines": [ 25.003408, 24.280301, 23.985585, 23.702126 ] }, { "date": "2025-05-30", "close": 25.35, "volume": 0, "typical_volume": 46.05, "trend": 23.398278, "fair_value": 24.984506, "relative_strength": -8.444786, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.128038, "energy": 66.621424, "activity_lines": [ 25.181437, 24.532544, 24.137234, 23.836429 ] }, { "date": "2025-06-06", "close": 24.799999, "volume": 0, "typical_volume": 46.05, "trend": 23.50357, "fair_value": 24.982211, "relative_strength": -10.392808, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.119673, "energy": 44.704092, "activity_lines": [ 25.075062, 24.691891, 24.22951, 23.926863 ] }, { "date": "2025-06-13", "close": 23.950001, "volume": 0, "typical_volume": 46.05, "trend": 23.574173, "fair_value": 24.979919, "relative_strength": -11.096735, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.514603, "energy": 22.700335, "activity_lines": [ 24.655908, 24.669595, 24.234644, 23.955665 ] }, { "date": "2025-06-20", "close": 24.049999, "volume": 100, "typical_volume": 51.05, "trend": 23.646521, "fair_value": 24.985443, "relative_strength": -9.784007, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.903402, "energy": 17.351773, "activity_lines": [ 24.386287, 24.616569, 24.243755, 23.986363 ] }, { "date": "2025-06-27", "close": 25.549999, "volume": 0, "typical_volume": 51.05, "trend": 23.713256, "fair_value": 25.00546, "relative_strength": -5.722581, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.542486, "energy": 23.558266, "activity_lines": [ 24.716666, 24.805475, 24.390382, 24.109168 ] }, { "date": "2025-07-04", "close": 25.4, "volume": 0, "typical_volume": 51.05, "trend": 23.784525, "fair_value": 25.021072, "relative_strength": -5.292375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.107747, "energy": 29.284227, "activity_lines": [ 24.936666, 24.918573, 24.510239, 24.217991 ] }, { "date": "2025-07-11", "close": 26.049999, "volume": 2, "typical_volume": 51.15, "trend": 23.861571, "fair_value": 25.040851, "relative_strength": -4.751394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.885308, "energy": 56.002204, "activity_lines": [ 25.369999, 25.12138, 24.681366, 24.36415 ] }, { "date": "2025-07-18", "close": 25.4, "volume": 30, "typical_volume": 52.65, "trend": 24.010697, "fair_value": 25.048428, "relative_strength": -6.940085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.291456, "energy": 57.319201, "activity_lines": [ 25.503333, 25.175247, 24.779808, 24.463404 ] }, { "date": "2025-07-25", "close": 24.75, "volume": 0, "typical_volume": 52.65, "trend": 24.107967, "fair_value": 25.045526, "relative_strength": -10.836926, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.212538, "energy": 43.914095, "activity_lines": [ 25.323333, 25.11626, 24.807299, 24.511101 ] }, { "date": "2025-08-01", "close": 24.200001, "volume": 0, "typical_volume": 52.65, "trend": 24.155125, "fair_value": 25.037376, "relative_strength": -10.217422, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.431629, "energy": 17.770994, "activity_lines": [ 24.913334, 24.971818, 24.780317, 24.517038 ] }, { "date": "2025-08-08", "close": 24.6, "volume": 0, "typical_volume": 52.65, "trend": 24.179071, "fair_value": 25.030069, "relative_strength": -13.427984, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.902311, "energy": 16.974744, "activity_lines": [ 24.726667, 24.908182, 24.794, 24.54574 ] }, { "date": "2025-08-15", "close": 24.950001, "volume": 36, "typical_volume": 54.45, "trend": 24.227395, "fair_value": 25.032466, "relative_strength": -14.029621, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.746036, "energy": 18.241151, "activity_lines": [ 24.710001, 24.921818, 24.846448, 24.595477 ] }, { "date": "2025-08-22", "close": 25.35, "volume": 0, "typical_volume": 54.45, "trend": 24.312886, "fair_value": 25.033983, "relative_strength": -11.175899, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.130368, "energy": 18.163189, "activity_lines": [ 24.9, 25.005455, 24.92918, 24.667904 ] }, { "date": "2025-08-29", "close": 25.4, "volume": 0, "typical_volume": 39.1, "trend": 24.395277, "fair_value": 25.042422, "relative_strength": -7.411857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.131308, "energy": 28.069618, "activity_lines": [ 25.11, 25.072727, 24.997197, 24.73804 ] }, { "date": "2025-09-05", "close": 24.15, "volume": 100, "typical_volume": 28.75, "trend": 24.436002, "fair_value": 25.040264, "relative_strength": -11.329457, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.282271, "energy": 8.245363, "activity_lines": [ 24.86, 24.888182, 24.931672, 24.722216 ] }, { "date": "2025-09-12", "close": 23.25, "volume": 0, "typical_volume": 28.75, "trend": 24.438781, "fair_value": 25.052425, "relative_strength": -15.18793, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.528037, "energy": 28.431383, "activity_lines": [ 24.313333, 24.565455, 24.774388, 24.645699 ] }, { "date": "2025-09-19", "close": 23.15, "volume": 0, "typical_volume": 13.4, "trend": 24.417572, "fair_value": 25.076283, "relative_strength": -14.792141, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.734133, "energy": 51.263634, "activity_lines": [ 23.823333, 24.263637, 24.610362, 24.562552 ] }, { "date": "2025-09-26", "close": 23.9, "volume": 0, "typical_volume": 13.4, "trend": 24.430896, "fair_value": 25.105523, "relative_strength": -12.077392, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.685101, "energy": 54.891102, "activity_lines": [ 23.703333, 24.150909, 24.523517, 24.529161 ] }, { "date": "2025-10-03", "close": 24.700001, "volume": 0, "typical_volume": 13.4, "trend": 24.443875, "fair_value": 25.132431, "relative_strength": -10.685936, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.680389, "energy": 43.63628, "activity_lines": [ 23.946667, 24.210909, 24.521402, 24.546522 ] }, { "date": "2025-10-10", "close": 24.549999, "volume": 0, "typical_volume": 13.4, "trend": 24.437553, "fair_value": 25.162107, "relative_strength": -9.114124, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.902575, "energy": 17.662182, "activity_lines": [ 24.186667, 24.244545, 24.509048, 24.553369 ] }, { "date": "2025-10-17", "close": 24.0, "volume": 0, "typical_volume": 13.4, "trend": 24.379531, "fair_value": 25.182232, "relative_strength": -9.014475, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.477123, "energy": 8.69809, "activity_lines": [ 24.216667, 24.171818, 24.444762, 24.52514 ] }, { "date": "2025-10-24", "close": 24.5, "volume": 0, "typical_volume": 13.4, "trend": 24.41921, "fair_value": 25.194658, "relative_strength": -8.501187, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.81442, "energy": 9.570349, "activity_lines": [ 24.363333, 24.200909, 24.434524, 24.532912 ] }, { "date": "2025-10-31", "close": 23.85, "volume": 0, "typical_volume": 13.4, "trend": 24.505547, "fair_value": 25.198612, "relative_strength": -13.232283, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.845616, "energy": 18.357726, "activity_lines": [ 24.203333, 24.12, 24.36381, 24.496189 ] }, { "date": "2025-11-07", "close": 23.950001, "volume": 0, "typical_volume": 8.4, "trend": 24.558672, "fair_value": 25.19259, "relative_strength": -11.564366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.883259, "energy": 25.792517, "activity_lines": [ 24.08, 24.084546, 24.303095, 24.460347 ] }, { "date": "2025-11-14", "close": 23.6, "volume": 0, "typical_volume": 8.4, "trend": 24.582652, "fair_value": 25.189203, "relative_strength": -14.268453, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.583169, "energy": 36.393149, "activity_lines": [ 23.89, 24.011818, 24.209524, 24.398497 ] }, { "date": "2025-11-21", "close": 23.700001, "volume": 0, "typical_volume": 8.4, "trend": 24.578187, "fair_value": 25.185596, "relative_strength": -12.380879, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.639553, "energy": 40.976221, "activity_lines": [ 23.796667, 23.967273, 24.134762, 24.341552 ] }, { "date": "2025-11-28", "close": 24.25, "volume": 0, "typical_volume": 8.3, "trend": 24.574577, "fair_value": 25.176332, "relative_strength": -13.762997, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.592565, "energy": 26.479484, "activity_lines": [ 23.906667, 24.014546, 24.120476, 24.320378 ] }, { "date": "2025-12-05", "close": 25.25, "volume": 80, "typical_volume": 10.8, "trend": 24.55981, "fair_value": 25.171469, "relative_strength": -11.015797, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.017372, "energy": 4.133811, "activity_lines": [ 24.366667, 24.223637, 24.21, 24.363954 ] }, { "date": "2025-12-12", "close": 24.9, "volume": 0, "typical_volume": 10.8, "trend": 24.538144, "fair_value": 25.182155, "relative_strength": -12.123395, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.343201, "energy": 15.716454, "activity_lines": [ 24.616667, 24.344546, 24.266905, 24.385902 ] }, { "date": "2025-12-19", "close": 25.049999, "volume": 0, "typical_volume": 10.8, "trend": 24.551667, "fair_value": 25.187201, "relative_strength": -13.500204, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.92015, "energy": 24.280476, "activity_lines": [ 24.853333, 24.489091, 24.337381, 24.418925 ] }, { "date": "2025-12-26", "close": 25.1, "volume": 0, "typical_volume": 10.8, "trend": 24.543333, "fair_value": 25.18769, "relative_strength": -13.165399, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.031335, "energy": 39.278911, "activity_lines": [ 25.01, 24.633636, 24.408571, 24.454301 ] }, { "date": "2026-01-02", "close": 25.299999, "volume": 0, "typical_volume": 9.0, "trend": 24.56, "fair_value": 25.185157, "relative_strength": -13.727344, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.734695, "energy": 47.698825, "activity_lines": [ 25.139999, 24.794545, 24.496429, 24.503118 ] }, { "date": "2026-01-09", "close": 25.65, "volume": 0, "typical_volume": 9.0, "trend": 24.616667, "fair_value": 25.180276, "relative_strength": -12.818748, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.644423, "energy": 54.787053, "activity_lines": [ 25.316666, 25.004545, 24.615952, 24.573441 ] }, { "date": "2026-01-16", "close": 24.450001, "volume": 100, "typical_volume": 14.0, "trend": 24.63, "fair_value": 25.165981, "relative_strength": -17.407117, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.461491, "energy": 24.276185, "activity_lines": [ 25.066667, 24.963636, 24.619762, 24.562688 ] }, { "date": "2026-01-23", "close": 25.25, "volume": 0, "typical_volume": 9.0, "trend": 24.62, "fair_value": 25.157388, "relative_strength": -15.051752, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.707525, "energy": 23.479848, "activity_lines": [ 25.113333, 25.059091, 24.704286, 24.602688 ] }, { "date": "2026-01-30", "close": 25.549999, "volume": 299, "typical_volume": 23.95, "trend": 24.625, "fair_value": 25.151866, "relative_strength": -14.93969, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.851846, "energy": 35.578186, "activity_lines": [ 25.246666, 25.179091, 24.812143, 24.662688 ] }, { "date": "2026-02-06", "close": 25.200001, "volume": 0, "typical_volume": 23.95, "trend": 24.596667, "fair_value": 25.134631, "relative_strength": -16.564909, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.188759, "energy": 27.548996, "activity_lines": [ 25.233334, 25.201818, 24.875714, 24.699785 ] }, { "date": "2026-02-13", "close": 25.5, "volume": 39, "typical_volume": 25.9, "trend": 24.6, "fair_value": 25.121041, "relative_strength": -14.576217, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.658944, "energy": 42.791892, "activity_lines": [ 25.326667, 25.261818, 24.958095, 24.758065 ] }, { "date": "2026-02-20", "close": 25.25, "volume": 0, "typical_volume": 25.9, "trend": 24.616667, "fair_value": 25.104126, "relative_strength": -17.650761, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.101504, "energy": 38.18902, "activity_lines": [ 25.346667, 25.271818, 25.009048, 24.8 ] }, { "date": "2026-02-27", "close": 24.950001, "volume": 0, "typical_volume": 25.9, "trend": 24.641667, "fair_value": 25.083809, "relative_strength": -16.72901, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.320032, "energy": 22.266179, "activity_lines": [ 25.213334, 25.220909, 25.02881, 24.821505 ] }, { "date": "2026-03-06", "close": 24.65, "volume": 0, "typical_volume": 25.9, "trend": 24.643333, "fair_value": 25.079829, "relative_strength": -12.840359, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.658634, "energy": 13.313526, "activity_lines": [ 25.0, 25.117273, 25.018095, 24.822043 ] }, { "date": "2026-03-13", "close": 25.15, "volume": 0, "typical_volume": 25.9, "trend": 24.65, "fair_value": 25.083472, "relative_strength": -8.367949, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.970494, "energy": 16.911671, "activity_lines": [ 25.013334, 25.112727, 25.051905, 24.854731 ] }, { "date": "2026-03-20", "close": 24.549999, "volume": 0, "typical_volume": 25.9, "trend": 24.623333, "fair_value": 25.082091, "relative_strength": -8.936578, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.533143, "energy": 11.154936, "activity_lines": [ 24.83, 25.001818, 25.025476, 24.84828 ] }, { "date": "2026-03-27", "close": 24.700001, "volume": 0, "typical_volume": 25.9, "trend": 24.6, "fair_value": 25.07578, "relative_strength": -9.39985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.823623, "energy": 12.02157, "activity_lines": [ 24.76, 24.938182, 25.01, 24.853226 ] }, { "date": "2026-04-03", "close": 23.855999, "volume": 0, "typical_volume": 25.9, "trend": 24.5902, "fair_value": 25.065238, "relative_strength": -15.083943, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.153297, "energy": 27.231288, "activity_lines": [ 24.445333, 24.716545, 24.910571, 24.805226 ] }, { "date": "2026-04-10", "close": 23.615999, "volume": 0, "typical_volume": 25.9, "trend": 24.6024, "fair_value": 25.053746, "relative_strength": -20.509915, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.480352, "energy": 44.430505, "activity_lines": [ 24.123599, 24.476618, 24.787067, 24.742374 ] }, { "date": "2026-04-17", "close": 24.48, "volume": 0, "typical_volume": 25.9, "trend": 24.646733, "fair_value": 25.045731, "relative_strength": -19.065565, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.096198, "energy": 38.936641, "activity_lines": [ 24.1588, 24.428945, 24.746248, 24.734477 ] }, { "date": "2026-04-24", "close": 24.143999, "volume": 0, "typical_volume": 21.9, "trend": 24.654867, "fair_value": 25.032322, "relative_strength": -16.821328, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.21402, "energy": 43.084904, "activity_lines": [ 24.126666, 24.333272, 24.672333, 24.702043 ] }, { "date": "2026-05-01", "close": 24.623999, "volume": 0, "typical_volume": 21.9, "trend": 24.652333, "fair_value": 25.024641, "relative_strength": -15.228685, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.806166, "energy": 20.563237, "activity_lines": [ 24.281599, 24.349527, 24.6494, 24.700051 ] }, { "date": "2026-05-08", "close": 24.576, "volume": 0, "typical_volume": 21.9, "trend": 24.6532, "fair_value": 25.010467, "relative_strength": -16.098997, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.125041, "energy": 6.444525, "activity_lines": [ 24.425599, 24.368436, 24.623209, 24.695127 ] }, { "date": "2026-05-15", "close": 24.24, "volume": 14, "typical_volume": 22.6, "trend": 24.6612, "fair_value": 24.989722, "relative_strength": -16.387857, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.661394, "energy": 7.981758, "activity_lines": [ 24.4096, 24.333054, 24.567276, 24.668469 ] }, { "date": "2026-05-22", "close": 24.48, "volume": 0, "typical_volume": 22.6, "trend": 24.660533, "fair_value": 24.979645, "relative_strength": -16.798442, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.027424, "energy": 15.701074, "activity_lines": [ 24.432, 24.348763, 24.538295, 24.656778 ] }, { "date": "2026-05-29", "close": 24.623999, "volume": 2, "typical_volume": 22.7, "trend": 24.686333, "fair_value": 24.965484, "relative_strength": -18.018057, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.833345, "energy": 14.42932, "activity_lines": [ 24.5024, 24.402836, 24.526933, 24.654421 ] }, { "date": "2026-06-05", "close": 23.1, "volume": 0, "typical_volume": 17.7, "trend": 24.658, "fair_value": 24.940965, "relative_strength": -21.726366, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.459936, "energy": 44.683723, "activity_lines": [ 24.0328, 24.178472, 24.375314, 24.552077 ] }, { "date": "2026-06-12", "close": 23.450001, "volume": 0, "typical_volume": 17.7, "trend": 24.653, "fair_value": 24.920162, "relative_strength": -22.215869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.271876, "energy": 53.545347, "activity_lines": [ 23.781467, 24.046836, 24.263457, 24.474142 ] }, { "date": "2026-06-19", "close": 23.0, "volume": 0, "typical_volume": 2.75, "trend": 24.629667, "fair_value": 24.901482, "relative_strength": -26.254938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.145448, "energy": 70.117853, "activity_lines": [ 23.4552, 23.840764, 24.117314, 24.367497 ] }, { "date": "2026-06-26", "close": 22.9, "volume": 0, "typical_volume": 2.75, "trend": 24.584667, "fair_value": 24.877743, "relative_strength": -24.513268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.233095, "energy": 79.080424, "activity_lines": [ 23.178267, 23.627709, 23.97379, 24.255905 ] }, { "date": "2026-07-03", "close": 22.25, "volume": 0, "typical_volume": 0.8, "trend": 24.484667, "fair_value": 24.847186, "relative_strength": -27.734697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.945935, "energy": 85.97084, "activity_lines": [ 22.79, 23.3252, 23.779314, 24.105282 ] }, { "date": "2026-07-10", "close": 21.9, "volume": 59, "typical_volume": 3.75, "trend": 24.384667, "fair_value": 24.813502, "relative_strength": -27.256717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.031947, "energy": 91.318715, "activity_lines": [ 22.443333, 22.993491, 23.566981, 23.938529 ] }, { "date": "2026-07-17", "close": 21.75, "volume": 0, "typical_volume": 3.75, "trend": 24.274667, "fair_value": 24.774144, "relative_strength": -25.702011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.185681, "energy": 92.330723, "activity_lines": [ 22.126667, 22.684036, 23.356314, 23.76855 ] }, { "date": "2026-07-24", "close": 21.4, "volume": 0, "typical_volume": 3.75, "trend": 24.151333, "fair_value": 24.731953, "relative_strength": -27.290945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.62607, "energy": 92.421634, "activity_lines": [ 21.806667, 22.362327, 23.127552, 23.583088 ] }, { "date": "2026-07-31", "close": 21.25, "volume": 0, "typical_volume": 3.75, "trend": 24.016333, "fair_value": 24.686445, "relative_strength": -27.166234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.348416, "energy": 90.833321, "activity_lines": [ 21.543333, 22.064982, 22.899981, 23.395905 ] }, { "date": "2026-08-07", "close": 21.35, "volume": 200, "typical_volume": 13.75, "trend": 23.873, "fair_value": 24.643639, "relative_strength": -28.355843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.892487, "energy": 86.375649, "activity_lines": [ 21.423333, 21.844545, 22.700505, 23.223884 ] } ], "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." } } }