{ "ticker": { "uuid": "6f790cbd-f3ff-4fc0-b1f1-81975c889e9b", "symbol": "UPSALE", "name": "Upsales Technology AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 72.469, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 71.608, "architecture_energy": 74.886, "architecture_maturity": 14.715, "architecture_confidence": 61.933, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 21.71, "rotation_up": 79.69, "upward_expansion": 94.41, "deceleration": 39.03, "rotation_down": 8.84, "downward_expansion": 16.41 }, "activity_lines": [ 29.026666, 27.585454, 26.9, 26.13871 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 29.799999, "trend_reference": 25.713333, "distance_from_trend": 0.158932, "trend_direction": "Weakening", "fair_value": 32.307062, "distance_from_fair_value": -0.077601, "fair_value_direction": "Improving", "relative_strength": -7.561482, "relative_strength_direction": "Improving", "price_momentum": 0.141762, "excess_performance": 0.080268, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.158932, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.057083, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.077601, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.049249, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.075615, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.042592, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.141762, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.905358, "read": "Supply-led" } ], "volume": { "latest": 388473, "relative_activity": 0.771046, "balance": 0.905358, "dry_up": 0.800009, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.081053, "annualized_volatility": 0.591323, "from_high_reference": -0.233933, "from_low_reference": 0.46798 }, "levels": { "trend_reference": 25.713333, "fair_value_reference": 32.307062, "structural_low": 20.299999, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.030387, "positive_rate": 0.384615, "directional_follow_through": 0.384615, "median_excess_return": -0.03937, "regime_survival": 0.692308, "best_return": 0.222588, "worst_return": -0.273504, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.069054, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.106525, "regime_survival": 0.2, "best_return": 0.136232, "worst_return": -0.183582, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.177748, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.282236, "regime_survival": 0.25, "best_return": -0.074169, "worst_return": -0.406324, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.251269, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.532818, "regime_survival": 0.0, "best_return": -0.238829, "worst_return": -0.450356, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": -0.098959, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.163636, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.3, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": -0.162437, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": -0.098214, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.137931, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.009772, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-01-02", "tenure": "Developing", "return": 0.087948, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": -0.097484, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-05-08", "tenure": "Established", "return": -0.010067, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.154882, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": 0.104167, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": 0.084559, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 34.610615, "volume": 10430, "typical_volume": 41703.45, "trend": 51.887476, "fair_value": 57.536465, "relative_strength": -37.750913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.48024, "energy": 58.131746, "activity_lines": [ 36.625763, 37.637488, 42.65756, 46.466829 ] }, { "date": "2023-08-25", "close": 38.811375, "volume": 29774, "typical_volume": 38780.45, "trend": 51.035673, "fair_value": 57.529411, "relative_strength": -29.700861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.019434, "energy": 47.411618, "activity_lines": [ 37.368506, 37.424959, 41.99717, 45.623209 ] }, { "date": "2023-09-01", "close": 36.345711, "volume": 24189, "typical_volume": 39037.9, "trend": 50.107559, "fair_value": 57.526191, "relative_strength": -34.687666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.170009, "energy": 47.036905, "activity_lines": [ 36.930165, 36.951751, 41.131271, 44.67547 ] }, { "date": "2023-09-08", "close": 35.889107, "volume": 6154, "typical_volume": 38287.45, "trend": 49.175981, "fair_value": 57.529862, "relative_strength": -34.734022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.882938, "energy": 47.47783, "activity_lines": [ 36.558793, 36.637939, 40.286455, 43.75815 ] }, { "date": "2023-09-15", "close": 35.341183, "volume": 4823, "typical_volume": 35776.15, "trend": 48.049795, "fair_value": 57.524566, "relative_strength": -35.823771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.027444, "energy": 44.550693, "activity_lines": [ 36.102189, 36.465259, 39.441925, 42.865583 ] }, { "date": "2023-09-22", "close": 32.875519, "volume": 18334, "typical_volume": 35794.9, "trend": 46.976617, "fair_value": 57.522557, "relative_strength": -39.070979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.586924, "energy": 50.655515, "activity_lines": [ 34.994163, 35.829334, 38.43696, 41.886597 ] }, { "date": "2023-09-29", "close": 30.409853, "volume": 38683, "typical_volume": 36639.3, "trend": 45.797738, "fair_value": 57.488923, "relative_strength": -42.712167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.374763, "energy": 55.128463, "activity_lines": [ 33.179921, 34.773332, 37.298058, 40.817774 ] }, { "date": "2023-10-06", "close": 33.423443, "volume": 59551, "typical_volume": 39274.5, "trend": 44.848631, "fair_value": 57.46697, "relative_strength": -36.263194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.96901, "energy": 65.916684, "activity_lines": [ 32.93031, 34.320048, 36.565752, 40.019432 ] }, { "date": "2023-10-13", "close": 33.606083, "volume": 20716, "typical_volume": 39964.35, "trend": 43.852708, "fair_value": 57.456006, "relative_strength": -36.123631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.014141, "energy": 54.022285, "activity_lines": [ 32.936398, 34.012878, 35.960424, 39.294106 ] }, { "date": "2023-10-20", "close": 33.971371, "volume": 31452, "typical_volume": 40865.05, "trend": 42.927743, "fair_value": 57.462659, "relative_strength": -31.131652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.350237, "energy": 44.508372, "activity_lines": [ 33.216449, 33.840199, 35.490774, 38.656601 ] }, { "date": "2023-10-27", "close": 28.492117, "volume": 15559, "typical_volume": 40427.3, "trend": 41.802502, "fair_value": 57.427096, "relative_strength": -40.54958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.454779, "energy": 52.227019, "activity_lines": [ 31.761404, 32.742688, 34.583654, 37.72527 ] }, { "date": "2023-11-03", "close": 32.875519, "volume": 75945, "typical_volume": 42418.4, "trend": 41.399431, "fair_value": 57.40654, "relative_strength": -33.105348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.002494, "energy": 41.444563, "activity_lines": [ 32.059719, 32.553405, 34.195757, 37.149336 ] }, { "date": "2023-11-10", "close": 39.176662, "volume": 129656, "typical_volume": 48343.3, "trend": 41.04181, "fair_value": 57.428558, "relative_strength": -19.051973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.887168, "energy": 19.228955, "activity_lines": [ 34.294037, 33.617709, 34.485375, 37.005931 ] }, { "date": "2023-11-17", "close": 40.546474, "volume": 19249, "typical_volume": 48954.0, "trend": 40.829777, "fair_value": 57.456084, "relative_strength": -18.669298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.480468, "energy": 10.396739, "activity_lines": [ 36.601412, 34.879597, 34.955461, 36.973974 ] }, { "date": "2023-11-24", "close": 41.277039, "volume": 18244, "typical_volume": 36959.85, "trend": 40.5069, "fair_value": 57.455562, "relative_strength": -17.764255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.708632, "energy": 27.367769, "activity_lines": [ 38.689615, 36.189637, 35.536, 37.00283 ] }, { "date": "2023-12-01", "close": 45.569122, "volume": 6074, "typical_volume": 35498.7, "trend": 40.223806, "fair_value": 57.465097, "relative_strength": -9.365117, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.902799, "energy": 53.830756, "activity_lines": [ 41.721469, 38.17213, 36.49313, 37.329425 ] }, { "date": "2023-12-08", "close": 40.18119, "volume": 41695, "typical_volume": 34500.5, "trend": 39.712409, "fair_value": 57.433548, "relative_strength": -21.334568, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.404338, "energy": 53.529639, "activity_lines": [ 41.818878, 38.944207, 36.884071, 37.326675 ] }, { "date": "2023-12-15", "close": 38.080811, "volume": 43961, "typical_volume": 30935.0, "trend": 39.100559, "fair_value": 57.353622, "relative_strength": -26.729265, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.882875, "energy": 42.972441, "activity_lines": [ 40.729116, 39.156736, 37.042795, 37.221411 ] }, { "date": "2023-12-22", "close": 37.441563, "volume": 20139, "typical_volume": 31153.65, "trend": 38.522193, "fair_value": 57.277236, "relative_strength": -26.530532, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.886757, "energy": 21.985166, "activity_lines": [ 39.499327, 39.168358, 37.148032, 37.114379 ] }, { "date": "2023-12-29", "close": 36.893639, "volume": 22159, "typical_volume": 31839.35, "trend": 38.029061, "fair_value": 57.1897, "relative_strength": -27.219362, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.782096, "energy": 9.25811, "activity_lines": [ 38.293892, 39.010623, 37.20065, 37.009311 ] }, { "date": "2024-01-05", "close": 34.154011, "volume": 49105, "typical_volume": 33773.1, "trend": 37.505488, "fair_value": 57.094422, "relative_strength": -29.816768, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.21919, "energy": 19.696948, "activity_lines": [ 36.467474, 38.30164, 36.997135, 36.759308 ] }, { "date": "2024-01-12", "close": 36.802315, "volume": 27971, "typical_volume": 33682.95, "trend": 37.094544, "fair_value": 57.013938, "relative_strength": -24.037019, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.568054, "energy": 16.139283, "activity_lines": [ 36.284832, 37.971224, 37.048014, 36.713942 ] }, { "date": "2024-01-19", "close": 36.528355, "volume": 12989, "typical_volume": 33122.95, "trend": 36.656203, "fair_value": 56.915332, "relative_strength": -21.837657, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.12443, "energy": 12.015548, "activity_lines": [ 36.236127, 37.519601, 37.082368, 36.677413 ] }, { "date": "2024-01-26", "close": 38.446091, "volume": 20302, "typical_volume": 33830.35, "trend": 36.300052, "fair_value": 56.854114, "relative_strength": -19.241243, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.221079, "energy": 16.801874, "activity_lines": [ 36.930165, 37.464808, 37.298494, 36.79289 ] }, { "date": "2024-02-02", "close": 41.003078, "volume": 34732, "typical_volume": 35325.8, "trend": 36.516178, "fair_value": 56.785283, "relative_strength": -12.900143, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.979001, "energy": 25.817167, "activity_lines": [ 38.409564, 37.913111, 37.745966, 37.096311 ] }, { "date": "2024-02-09", "close": 38.354771, "volume": 19111, "typical_volume": 35364.65, "trend": 36.647071, "fair_value": 56.703841, "relative_strength": -16.969444, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.396901, "energy": 21.416121, "activity_lines": [ 38.732231, 37.884884, 37.914257, 37.21493 ] }, { "date": "2024-02-16", "close": 37.532883, "volume": 23799, "typical_volume": 34620.45, "trend": 36.784053, "fair_value": 56.636768, "relative_strength": -19.459353, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.895489, "energy": 21.049176, "activity_lines": [ 38.500885, 37.838393, 37.978182, 37.272079 ] }, { "date": "2024-02-23", "close": 37.715523, "volume": 20567, "typical_volume": 32671.25, "trend": 36.720128, "fair_value": 56.531589, "relative_strength": -18.818805, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.655306, "energy": 20.993469, "activity_lines": [ 38.281714, 37.873261, 38.025581, 37.332174 ] }, { "date": "2024-03-01", "close": 38.902695, "volume": 42687, "typical_volume": 33769.8, "trend": 36.771876, "fair_value": 56.426383, "relative_strength": -16.015328, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.545654, "energy": 16.346109, "activity_lines": [ 38.379122, 38.130619, 38.165607, 37.472985 ] }, { "date": "2024-03-08", "close": 40.729115, "volume": 23263, "typical_volume": 33360.35, "trend": 36.866241, "fair_value": 56.333976, "relative_strength": -11.930971, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.452834, "energy": 25.714699, "activity_lines": [ 39.054897, 38.693488, 38.454355, 37.728291 ] }, { "date": "2024-03-15", "close": 39.907227, "volume": 39854, "typical_volume": 34575.1, "trend": 37.042795, "fair_value": 56.229755, "relative_strength": -13.96809, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.736392, "energy": 31.774879, "activity_lines": [ 39.474974, 39.037187, 38.632648, 37.924483 ] }, { "date": "2024-03-22", "close": 40.272507, "volume": 30620, "typical_volume": 32308.85, "trend": 37.091499, "fair_value": 56.106054, "relative_strength": -11.94073, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.061977, "energy": 38.548515, "activity_lines": [ 39.913313, 39.342696, 38.791372, 38.132852 ] }, { "date": "2024-03-29", "close": 42.555531, "volume": 13562, "typical_volume": 26504.15, "trend": 37.298493, "fair_value": 55.974077, "relative_strength": -5.234499, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.083843, "energy": 50.668166, "activity_lines": [ 40.930019, 40.000207, 39.132303, 38.48537 ] }, { "date": "2024-04-05", "close": 38.994019, "volume": 55405, "typical_volume": 28311.95, "trend": 37.40199, "fair_value": 55.670345, "relative_strength": -12.223822, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.067951, "energy": 32.690227, "activity_lines": [ 40.436887, 39.900584, 39.117953, 38.594759 ] }, { "date": "2024-04-12", "close": 35.158539, "volume": 26208, "typical_volume": 28710.15, "trend": 37.395902, "fair_value": 55.406943, "relative_strength": -20.220708, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.657152, "energy": 7.225702, "activity_lines": [ 38.659174, 39.09364, 38.745711, 38.45002 ] }, { "date": "2024-04-19", "close": 35.341183, "volume": 27153, "typical_volume": 29764.1, "trend": 37.478091, "fair_value": 55.158894, "relative_strength": -19.050258, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.003478, "energy": 10.15697, "activity_lines": [ 37.313713, 38.426167, 38.42, 38.317457 ] }, { "date": "2024-04-26", "close": 35.827484, "volume": 33225, "typical_volume": 29340.6, "trend": 37.658679, "fair_value": 54.897598, "relative_strength": -18.967734, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.20985, "energy": 23.429037, "activity_lines": [ 36.434756, 37.901906, 38.189308, 38.210967 ] }, { "date": "2024-05-03", "close": 35.827484, "volume": 18098, "typical_volume": 28047.45, "trend": 37.738813, "fair_value": 54.682124, "relative_strength": -17.485411, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.306664, "energy": 31.655061, "activity_lines": [ 35.852133, 37.408652, 37.979348, 38.092825 ] }, { "date": "2024-05-10", "close": 38.393379, "volume": 7784, "typical_volume": 27429.7, "trend": 37.89839, "fair_value": 54.546378, "relative_strength": -13.535649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.045663, "energy": 28.086734, "activity_lines": [ 36.573346, 37.416252, 38.024489, 38.135055 ] }, { "date": "2024-05-17", "close": 38.963577, "volume": 9053, "typical_volume": 26774.4, "trend": 38.064797, "fair_value": 54.392467, "relative_strength": -10.397866, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.859541, "energy": 7.569543, "activity_lines": [ 37.524667, 37.536784, 38.119401, 38.203777 ] }, { "date": "2024-05-24", "close": 38.963577, "volume": 15705, "typical_volume": 25104.4, "trend": 38.413845, "fair_value": 54.178549, "relative_strength": -10.201432, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.353239, "energy": 12.362746, "activity_lines": [ 38.222319, 37.689418, 38.204457, 38.261763 ] }, { "date": "2024-05-31", "close": 39.058609, "volume": 5116, "typical_volume": 23961.65, "trend": 38.619948, "fair_value": 53.929237, "relative_strength": -8.473705, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.539245, "energy": 9.533423, "activity_lines": [ 38.710155, 37.876487, 38.275662, 38.30336 ] }, { "date": "2024-06-07", "close": 35.732449, "volume": 16166, "typical_volume": 24120.5, "trend": 38.505141, "fair_value": 53.698971, "relative_strength": -16.098289, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.345616, "energy": 16.421841, "activity_lines": [ 37.873863, 37.480871, 38.019344, 38.11707 ] }, { "date": "2024-06-14", "close": 34.972187, "volume": 8410, "typical_volume": 23525.9, "trend": 38.319332, "fair_value": 53.459467, "relative_strength": -15.142213, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.164625, "energy": 28.512476, "activity_lines": [ 36.790486, 37.071081, 37.694411, 37.889137 ] }, { "date": "2024-06-21", "close": 33.261589, "volume": 138045, "typical_volume": 28691.55, "trend": 38.05215, "fair_value": 53.192633, "relative_strength": -18.771513, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.734677, "energy": 52.19371, "activity_lines": [ 35.364989, 36.423398, 37.223106, 37.562831 ] }, { "date": "2024-06-28", "close": 34.211922, "volume": 14954, "typical_volume": 28483.7, "trend": 37.673577, "fair_value": 52.901342, "relative_strength": -15.497718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.708995, "energy": 52.853254, "activity_lines": [ 34.636402, 35.982993, 36.879173, 37.315075 ] }, { "date": "2024-07-05", "close": 32.31126, "volume": 36804, "typical_volume": 29133.95, "trend": 37.411246, "fair_value": 52.610959, "relative_strength": -19.520895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.009543, "energy": 63.449006, "activity_lines": [ 33.591039, 35.217544, 36.373953, 36.969119 ] }, { "date": "2024-07-12", "close": 30.410597, "volume": 23200, "typical_volume": 29265.6, "trend": 37.155572, "fair_value": 52.261479, "relative_strength": -26.048038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.000722, "energy": 72.510057, "activity_lines": [ 32.361944, 34.170452, 35.712582, 36.517464 ] }, { "date": "2024-07-19", "close": 32.691395, "volume": 18362, "typical_volume": 28049.35, "trend": 36.997233, "fair_value": 51.925529, "relative_strength": -18.417076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.864984, "energy": 58.386873, "activity_lines": [ 32.247905, 33.63654, 35.303215, 36.229453 ] }, { "date": "2024-07-26", "close": 28.890066, "volume": 56528, "typical_volume": 29712.6, "trend": 36.730447, "fair_value": 51.54339, "relative_strength": -27.56019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.333216, "energy": 69.985658, "activity_lines": [ 31.01881, 32.515149, 34.561394, 35.70641 ] }, { "date": "2024-08-02", "close": 32.121193, "volume": 96115, "typical_volume": 32525.65, "trend": 36.662687, "fair_value": 51.14105, "relative_strength": -15.401525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.054657, "energy": 52.469816, "activity_lines": [ 31.158191, 32.16439, 34.183677, 35.409038 ] }, { "date": "2024-08-09", "close": 33.641724, "volume": 6289, "typical_volume": 31309.1, "trend": 36.557334, "fair_value": 50.767551, "relative_strength": -10.701414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.800182, "energy": 35.328218, "activity_lines": [ 31.943798, 32.214499, 33.987848, 35.214138 ] }, { "date": "2024-08-16", "close": 35.162254, "volume": 17900, "typical_volume": 31526.0, "trend": 36.511797, "fair_value": 50.406526, "relative_strength": -9.153903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.820364, "energy": 22.587866, "activity_lines": [ 33.147551, 32.639556, 33.968406, 35.124132 ] }, { "date": "2024-08-23", "close": 33.641724, "volume": 8128, "typical_volume": 29162.15, "trend": 36.351651, "fair_value": 50.030298, "relative_strength": -13.435525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.866897, "energy": 17.531229, "activity_lines": [ 33.527684, 32.798521, 33.839359, 34.938966 ] }, { "date": "2024-08-30", "close": 34.211922, "volume": 5333, "typical_volume": 28118.4, "trend": 36.12528, "fair_value": 49.69864, "relative_strength": -12.832112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.71578, "energy": 18.11567, "activity_lines": [ 34.034527, 33.085348, 33.790103, 34.800919 ] }, { "date": "2024-09-06", "close": 35.732449, "volume": 3063, "typical_volume": 26913.9, "trend": 36.037869, "fair_value": 49.441098, "relative_strength": -4.485389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.39691, "energy": 14.696287, "activity_lines": [ 34.693422, 33.631356, 33.890167, 34.775576 ] }, { "date": "2024-09-13", "close": 34.972187, "volume": 2711, "typical_volume": 25388.2, "trend": 35.952512, "fair_value": 49.213596, "relative_strength": -7.889218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.404292, "energy": 10.606102, "activity_lines": [ 34.858147, 34.011488, 33.915961, 34.706822 ] }, { "date": "2024-09-20", "close": 34.021854, "volume": 6891, "typical_volume": 24827.85, "trend": 35.82939, "fair_value": 48.986548, "relative_strength": -12.043753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.276277, "energy": 9.651567, "activity_lines": [ 34.617396, 34.170452, 33.855321, 34.582263 ] }, { "date": "2024-09-27", "close": 33.261589, "volume": 2587, "typical_volume": 24568.0, "trend": 35.641353, "fair_value": 48.755717, "relative_strength": -15.811155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.679406, "energy": 9.950117, "activity_lines": [ 34.199249, 34.125527, 33.730873, 34.416599 ] }, { "date": "2024-10-04", "close": 32.31126, "volume": 3620, "typical_volume": 24296.35, "trend": 35.360758, "fair_value": 48.499156, "relative_strength": -16.764499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.231911, "energy": 19.406991, "activity_lines": [ 33.489669, 33.897448, 33.540354, 34.201754 ] }, { "date": "2024-10-11", "close": 32.501328, "volume": 17336, "typical_volume": 24377.9, "trend": 35.113895, "fair_value": 48.21763, "relative_strength": -15.482834, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.674727, "energy": 27.236606, "activity_lines": [ 32.970156, 33.641723, 33.399615, 34.017275 ] }, { "date": "2024-10-18", "close": 33.831787, "volume": 8162, "typical_volume": 24530.2, "trend": 34.899204, "fair_value": 47.979544, "relative_strength": -11.834521, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.280805, "energy": 26.258734, "activity_lines": [ 33.109537, 33.620988, 33.416359, 33.934558 ] }, { "date": "2024-10-25", "close": 31.836094, "volume": 159676, "typical_volume": 31705.7, "trend": 34.541889, "fair_value": 47.725392, "relative_strength": -16.795406, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.16403, "energy": 39.698157, "activity_lines": [ 32.659714, 33.233944, 33.267926, 33.736938 ] }, { "date": "2024-11-01", "close": 30.790731, "volume": 16138, "typical_volume": 32092.1, "trend": 34.268446, "fair_value": 47.484178, "relative_strength": -18.059367, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.411505, "energy": 51.078522, "activity_lines": [ 32.007154, 32.71731, 33.038489, 33.494928 ] }, { "date": "2024-11-08", "close": 29.460266, "volume": 88326, "typical_volume": 29606.15, "trend": 34.078504, "fair_value": 47.242072, "relative_strength": -20.921496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.283628, "energy": 60.956615, "activity_lines": [ 31.075829, 32.010609, 32.702253, 33.184723 ] }, { "date": "2024-11-15", "close": 28.319868, "volume": 41973, "typical_volume": 30957.1, "trend": 33.84446, "fair_value": 47.002476, "relative_strength": -21.766595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.392479, "energy": 73.874588, "activity_lines": [ 29.954438, 31.182957, 32.275509, 32.813198 ] }, { "date": "2024-11-22", "close": 27.559603, "volume": 97754, "typical_volume": 34004.6, "trend": 33.568864, "fair_value": 46.743822, "relative_strength": -23.217974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.118954, "energy": 78.765766, "activity_lines": [ 28.858389, 30.351849, 31.804416, 32.407723 ] }, { "date": "2024-11-29", "close": 30.030464, "volume": 16404, "typical_volume": 33664.8, "trend": 33.37563, "fair_value": 46.516282, "relative_strength": -15.379105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.084597, "energy": 69.065862, "activity_lines": [ 29.004107, 30.104763, 31.59127, 32.179439 ] }, { "date": "2024-12-06", "close": 32.121193, "volume": 14694, "typical_volume": 33481.4, "trend": 33.166557, "fair_value": 46.290142, "relative_strength": -12.357461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.075167, "energy": 42.099847, "activity_lines": [ 29.967109, 30.31038, 31.579052, 32.098508 ] }, { "date": "2024-12-13", "close": 29.460266, "volume": 12589, "typical_volume": 31284.45, "trend": 32.84978, "fair_value": 46.080767, "relative_strength": -17.293313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.423158, "energy": 34.644875, "activity_lines": [ 29.954438, 30.052927, 31.316127, 31.859392 ] }, { "date": "2024-12-20", "close": 29.270199, "volume": 9124, "typical_volume": 26934.9, "trend": 32.526668, "fair_value": 45.842898, "relative_strength": -14.652183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.851197, "energy": 24.985816, "activity_lines": [ 29.878411, 29.812752, 31.032385, 31.628451 ] }, { "date": "2024-12-27", "close": 28.509935, "volume": 8464, "typical_volume": 27043.65, "trend": 32.175045, "fair_value": 45.61543, "relative_strength": -16.934195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.14908, "energy": 32.562838, "activity_lines": [ 29.485608, 29.493095, 30.689813, 31.369307 ] }, { "date": "2025-01-03", "close": 30.410597, "volume": 16352, "typical_volume": 26966.25, "trend": 31.99765, "fair_value": 45.368506, "relative_strength": -11.837932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.610423, "energy": 26.865012, "activity_lines": [ 29.663003, 29.615774, 30.552694, 31.255472 ] }, { "date": "2025-01-10", "close": 30.22053, "volume": 16181, "typical_volume": 27368.9, "trend": 31.839262, "fair_value": 45.125818, "relative_strength": -12.368891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.707416, "energy": 23.755656, "activity_lines": [ 29.7517, 29.729814, 30.4201, 31.140819 ] }, { "date": "2025-01-17", "close": 30.790731, "volume": 26106, "typical_volume": 28407.55, "trend": 31.7569, "fair_value": 44.915153, "relative_strength": -13.407493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.312415, "energy": 18.557399, "activity_lines": [ 30.157176, 29.957894, 30.358103, 31.073172 ] }, { "date": "2025-01-24", "close": 30.790731, "volume": 28085, "typical_volume": 29658.65, "trend": 31.64286, "fair_value": 44.726307, "relative_strength": -14.53737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.744241, "energy": 16.264834, "activity_lines": [ 30.473953, 30.161783, 30.312396, 31.010839 ] }, { "date": "2025-01-31", "close": 29.650333, "volume": 32115, "typical_volume": 31128.85, "trend": 31.554162, "fair_value": 44.562883, "relative_strength": -16.992645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.436102, "energy": 16.061177, "activity_lines": [ 30.309229, 30.113403, 30.181613, 30.882288 ] }, { "date": "2025-02-07", "close": 30.980795, "volume": 89332, "typical_volume": 35250.9, "trend": 31.573169, "fair_value": 44.434171, "relative_strength": -11.676553, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.581768, "energy": 10.228647, "activity_lines": [ 30.511966, 30.268912, 30.202882, 30.845297 ] }, { "date": "2025-02-14", "close": 31.550995, "volume": 17687, "typical_volume": 36005.9, "trend": 31.535156, "fair_value": 44.313478, "relative_strength": -12.102944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.178385, "energy": 7.626773, "activity_lines": [ 30.866756, 30.510814, 30.292937, 30.843866 ] }, { "date": "2025-02-21", "close": 34.78212, "volume": 88756, "typical_volume": 40262.7, "trend": 31.731557, "fair_value": 44.229864, "relative_strength": -2.976093, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.453539, "energy": 33.390179, "activity_lines": [ 32.209891, 31.350561, 30.698864, 31.053348 ] }, { "date": "2025-02-28", "close": 33.261589, "volume": 22574, "typical_volume": 40524.6, "trend": 31.769571, "fair_value": 44.155049, "relative_strength": -6.742324, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.860031, "energy": 37.513138, "activity_lines": [ 32.780089, 31.817087, 30.948213, 31.15206 ] }, { "date": "2025-03-07", "close": 34.021854, "volume": 19204, "typical_volume": 41076.7, "trend": 31.782242, "fair_value": 44.068743, "relative_strength": -4.218668, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.731274, "energy": 43.814432, "activity_lines": [ 33.438985, 32.349272, 31.266347, 31.297368 ] }, { "date": "2025-03-14", "close": 34.211922, "volume": 12439, "typical_volume": 33714.85, "trend": 31.750564, "fair_value": 43.988019, "relative_strength": -1.566176, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.842705, "energy": 48.785595, "activity_lines": [ 33.869802, 32.815799, 31.601679, 31.454122 ] }, { "date": "2025-03-21", "close": 32.881458, "volume": 13024, "typical_volume": 33559.15, "trend": 31.725222, "fair_value": 43.892221, "relative_strength": -2.999121, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.548821, "energy": 30.279079, "activity_lines": [ 33.641723, 32.971307, 31.798985, 31.527083 ] }, { "date": "2025-03-28", "close": 33.261589, "volume": 4643, "typical_volume": 29375.0, "trend": 31.693544, "fair_value": 43.804314, "relative_strength": 2.048756, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.123729, "energy": 21.174448, "activity_lines": [ 33.451656, 33.14755, 32.022539, 31.626203 ] }, { "date": "2025-04-04", "close": 32.026161, "volume": 20076, "typical_volume": 28280.15, "trend": 31.570001, "fair_value": 43.697578, "relative_strength": 9.488651, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.180515, "energy": 20.175763, "activity_lines": [ 32.951149, 33.054245, 32.110332, 31.647662 ] }, { "date": "2025-04-11", "close": 31.741062, "volume": 44981, "typical_volume": 25641.5, "trend": 31.462297, "fair_value": 43.60647, "relative_strength": 8.987684, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.656139, "energy": 15.544903, "activity_lines": [ 32.437971, 32.886642, 32.153323, 31.658699 ] }, { "date": "2025-04-18", "close": 33.071522, "volume": 3306, "typical_volume": 24986.6, "trend": 31.430619, "fair_value": 43.512981, "relative_strength": 9.810876, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.339192, "energy": 15.134397, "activity_lines": [ 32.520332, 32.922927, 32.303113, 31.76252 ] }, { "date": "2025-04-25", "close": 31.075829, "volume": 24813, "typical_volume": 25492.55, "trend": 31.35776, "fair_value": 43.401244, "relative_strength": 0.330767, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.045688, "energy": 12.747582, "activity_lines": [ 32.013489, 32.558345, 32.248356, 31.73963 ] }, { "date": "2025-05-02", "close": 29.270199, "volume": 6301, "typical_volume": 25178.15, "trend": 31.256392, "fair_value": 43.284793, "relative_strength": -6.55145, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.359239, "energy": 13.172851, "activity_lines": [ 31.025144, 31.874107, 32.026612, 31.604949 ] }, { "date": "2025-05-09", "close": 29.5, "volume": 20038, "typical_volume": 25723.85, "trend": 31.156347, "fair_value": 43.19412, "relative_strength": -4.927325, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.336192, "energy": 13.865542, "activity_lines": [ 30.379493, 31.331867, 31.827659, 31.491633 ] }, { "date": "2025-05-16", "close": 30.700001, "volume": 24693, "typical_volume": 26535.3, "trend": 31.051955, "fair_value": 43.10266, "relative_strength": -4.335385, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.485251, "energy": 13.245632, "activity_lines": [ 30.302252, 31.076202, 31.741898, 31.462191 ] }, { "date": "2025-05-23", "close": 28.6, "volume": 33287, "typical_volume": 27382.05, "trend": 30.944085, "fair_value": 42.986435, "relative_strength": -8.097666, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.116886, "energy": 26.634182, "activity_lines": [ 29.594415, 30.499116, 31.445707, 31.304001 ] }, { "date": "2025-05-30", "close": 27.5, "volume": 148168, "typical_volume": 33981.4, "trend": 30.834394, "fair_value": 42.847333, "relative_strength": -11.676991, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.742116, "energy": 36.141818, "activity_lines": [ 28.818013, 29.824064, 31.053376, 31.081802 ] }, { "date": "2025-06-06", "close": 32.0, "volume": 126368, "typical_volume": 38994.5, "trend": 30.919052, "fair_value": 42.731425, "relative_strength": 1.883615, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.531332, "energy": 13.208617, "activity_lines": [ 29.78, 30.065039, 31.102572, 31.157002 ] }, { "date": "2025-06-13", "close": 30.0, "volume": 115872, "typical_volume": 43383.85, "trend": 30.975056, "fair_value": 42.617392, "relative_strength": -1.859786, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.480738, "energy": 13.724548, "activity_lines": [ 29.893333, 29.965316, 30.955533, 31.097708 ] }, { "date": "2025-06-20", "close": 31.6, "volume": 60173, "typical_volume": 44786.75, "trend": 31.109736, "fair_value": 42.488747, "relative_strength": 3.902787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.331859, "energy": 2.02543, "activity_lines": [ 30.506667, 30.193341, 30.964641, 31.138027 ] }, { "date": "2025-06-27", "close": 32.0, "volume": 57671, "typical_volume": 43203.7, "trend": 31.175387, "fair_value": 42.326492, "relative_strength": 2.826657, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.210248, "energy": 9.184431, "activity_lines": [ 31.193333, 30.496659, 31.002559, 31.195464 ] }, { "date": "2025-07-04", "close": 31.700001, "volume": 81232, "typical_volume": 46380.95, "trend": 31.161347, "fair_value": 42.15101, "relative_strength": 1.608264, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.016557, "energy": 8.280607, "activity_lines": [ 31.553334, 30.764913, 31.007053, 31.22931 ] }, { "date": "2025-07-11", "close": 33.700001, "volume": 27585, "typical_volume": 43322.4, "trend": 31.302672, "fair_value": 42.022261, "relative_strength": 6.361719, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.04163, "energy": 20.800778, "activity_lines": [ 32.300001, 31.385455, 31.201314, 31.393094 ] }, { "date": "2025-07-18", "close": 33.0, "volume": 12034, "typical_volume": 42795.4, "trend": 31.426999, "fair_value": 41.865286, "relative_strength": 4.046264, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.304703, "energy": 26.191225, "activity_lines": [ 32.7, 31.798182, 31.334061, 31.502599 ] }, { "date": "2025-07-25", "close": 39.0, "volume": 47325, "typical_volume": 44201.45, "trend": 31.776667, "fair_value": 41.712861, "relative_strength": 19.457287, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.281718, "energy": 66.395539, "activity_lines": [ 34.9, 33.238182, 32.039482, 31.99118 ] }, { "date": "2025-08-01", "close": 39.400002, "volume": 54631, "typical_volume": 46311.05, "trend": 32.076314, "fair_value": 41.542652, "relative_strength": 23.666373, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.00435, "energy": 73.894468, "activity_lines": [ 36.740001, 34.600001, 32.759293, 32.483008 ] }, { "date": "2025-08-08", "close": 38.799999, "volume": 29994, "typical_volume": 47159.55, "trend": 32.362296, "fair_value": 41.34938, "relative_strength": 18.315417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.117063, "energy": 77.789466, "activity_lines": [ 37.886667, 35.656364, 33.397255, 32.916794 ] }, { "date": "2025-08-15", "close": 36.299999, "volume": 57670, "typical_volume": 49810.9, "trend": 32.545939, "fair_value": 41.189821, "relative_strength": 9.133326, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.646492, "energy": 74.50677, "activity_lines": [ 37.726666, 36.052727, 33.768939, 33.170839 ] }, { "date": "2025-08-22", "close": 34.400002, "volume": 37684, "typical_volume": 50691.3, "trend": 32.666248, "fair_value": 41.042951, "relative_strength": 1.605133, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.650682, "energy": 55.603438, "activity_lines": [ 36.76, 36.025455, 33.945202, 33.290456 ] }, { "date": "2025-08-29", "close": 34.200001, "volume": 32002, "typical_volume": 50042.35, "trend": 32.817903, "fair_value": 40.901581, "relative_strength": 3.487429, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.420568, "energy": 26.400688, "activity_lines": [ 35.633334, 35.881819, 34.091114, 33.389408 ] }, { "date": "2025-09-05", "close": 33.0, "volume": 34182, "typical_volume": 51586.15, "trend": 32.88521, "fair_value": 40.787562, "relative_strength": 0.10144, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.855393, "energy": 21.04307, "activity_lines": [ 34.426667, 35.472728, 34.11103, 33.401156 ] }, { "date": "2025-09-12", "close": 33.599998, "volume": 30885, "typical_volume": 51889.75, "trend": 32.95351, "fair_value": 40.695475, "relative_strength": 1.757193, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.349084, "energy": 23.044838, "activity_lines": [ 33.846666, 35.154545, 34.18843, 33.447271 ] }, { "date": "2025-09-19", "close": 34.400002, "volume": 201720, "typical_volume": 61660.7, "trend": 32.940773, "fair_value": 40.633386, "relative_strength": 3.774845, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.643268, "energy": 20.654831, "activity_lines": [ 33.88, 34.947273, 34.33, 33.540594 ] }, { "date": "2025-09-26", "close": 33.099998, "volume": 63594, "typical_volume": 63838.5, "trend": 32.935387, "fair_value": 40.506442, "relative_strength": -0.066537, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.148724, "energy": 16.01942, "activity_lines": [ 33.606666, 34.490909, 34.323333, 33.550866 ] }, { "date": "2025-10-03", "close": 31.0, "volume": 68687, "typical_volume": 66038.2, "trend": 32.834658, "fair_value": 40.349082, "relative_strength": -9.153178, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.967964, "energy": 19.634853, "activity_lines": [ 32.72, 33.650909, 34.099524, 33.426002 ] }, { "date": "2025-10-10", "close": 30.299999, "volume": 48905, "typical_volume": 66819.1, "trend": 32.704261, "fair_value": 40.160104, "relative_strength": -10.312306, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.581782, "energy": 29.436228, "activity_lines": [ 31.813333, 32.829091, 33.807619, 33.262476 ] }, { "date": "2025-10-17", "close": 29.0, "volume": 59271, "typical_volume": 62374.25, "trend": 32.574879, "fair_value": 39.967314, "relative_strength": -13.65965, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.810714, "energy": 46.761349, "activity_lines": [ 30.653333, 31.936363, 33.383809, 33.023491 ] }, { "date": "2025-10-24", "close": 32.599998, "volume": 182735, "typical_volume": 65192.6, "trend": 32.552826, "fair_value": 39.763689, "relative_strength": -5.833904, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.156959, "energy": 40.796253, "activity_lines": [ 30.999999, 31.876363, 33.295714, 33.025112 ] }, { "date": "2025-10-31", "close": 33.0, "volume": 117707, "typical_volume": 65284.35, "trend": 32.585287, "fair_value": 39.59428, "relative_strength": -3.978667, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.945985, "energy": 24.111845, "activity_lines": [ 31.599999, 31.956363, 33.242857, 33.053962 ] }, { "date": "2025-11-07", "close": 30.700001, "volume": 75776, "typical_volume": 66064.5, "trend": 32.550585, "fair_value": 39.379606, "relative_strength": -9.521753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.036134, "energy": 17.837966, "activity_lines": [ 31.44, 31.643636, 32.956667, 32.932331 ] }, { "date": "2025-11-14", "close": 30.6, "volume": 32682, "typical_volume": 64815.05, "trend": 32.468201, "fair_value": 39.185769, "relative_strength": -10.576292, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.16778, "energy": 16.509501, "activity_lines": [ 31.266667, 31.376363, 32.665238, 32.806486 ] }, { "date": "2025-11-21", "close": 30.299999, "volume": 51040, "typical_volume": 63305.45, "trend": 32.44234, "fair_value": 39.017139, "relative_strength": -9.594791, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.99707, "energy": 20.646917, "activity_lines": [ 30.973333, 31.098181, 32.351905, 32.666602 ] }, { "date": "2025-11-28", "close": 31.0, "volume": 28861, "typical_volume": 63369.25, "trend": 32.5, "fair_value": 38.817953, "relative_strength": -10.325126, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.706591, "energy": 25.012526, "activity_lines": [ 30.826667, 31.007272, 32.111905, 32.573548 ] }, { "date": "2025-12-05", "close": 30.700001, "volume": 44251, "typical_volume": 64980.1, "trend": 32.54, "fair_value": 38.595366, "relative_strength": -12.219438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.385369, "energy": 37.435921, "activity_lines": [ 30.686667, 30.923636, 31.85619, 32.457419 ] }, { "date": "2025-12-12", "close": 30.1, "volume": 42354, "typical_volume": 64731.55, "trend": 32.52, "fair_value": 38.371194, "relative_strength": -13.649188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.813718, "energy": 38.176188, "activity_lines": [ 30.5, 30.774545, 31.554286, 32.3 ] }, { "date": "2025-12-19", "close": 31.0, "volume": 189999, "typical_volume": 71499.95, "trend": 32.6, "fair_value": 38.130183, "relative_strength": -11.575164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.228521, "energy": 28.301438, "activity_lines": [ 30.653333, 30.805455, 31.380476, 32.201935 ] }, { "date": "2025-12-26", "close": 32.0, "volume": 36895, "typical_volume": 71845.0, "trend": 32.75, "fair_value": 37.928364, "relative_strength": -8.942453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.519438, "energy": 18.911853, "activity_lines": [ 31.113333, 31.005455, 31.341905, 32.163226 ] }, { "date": "2026-01-02", "close": 33.400002, "volume": 35750, "typical_volume": 70749.0, "trend": 32.796667, "fair_value": 37.712911, "relative_strength": -5.941811, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.591309, "energy": 11.559146, "activity_lines": [ 31.926667, 31.405455, 31.469048, 32.205161 ] }, { "date": "2026-01-09", "close": 31.799999, "volume": 28746, "typical_volume": 70302.1, "trend": 32.856667, "fair_value": 37.508679, "relative_strength": -13.085643, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.223235, "energy": 14.009442, "activity_lines": [ 32.046667, 31.5, 31.457619, 32.14086 ] }, { "date": "2026-01-16", "close": 30.200001, "volume": 42101, "typical_volume": 70807.05, "trend": 32.81, "fair_value": 37.312278, "relative_strength": -18.97884, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.760908, "energy": 16.34143, "activity_lines": [ 31.56, 31.325455, 31.306191, 31.969462 ] }, { "date": "2026-01-23", "close": 28.700001, "volume": 76394, "typical_volume": 72917.65, "trend": 32.7, "fair_value": 37.083653, "relative_strength": -22.107102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.188911, "energy": 35.717537, "activity_lines": [ 30.566667, 30.887273, 31.030953, 31.704301 ] }, { "date": "2026-01-30", "close": 29.799999, "volume": 35210, "typical_volume": 73133.9, "trend": 32.636667, "fair_value": 36.86321, "relative_strength": -19.307972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.985449, "energy": 49.036676, "activity_lines": [ 30.093333, 30.683637, 30.880952, 31.517204 ] }, { "date": "2026-02-06", "close": 26.1, "volume": 79234, "typical_volume": 67009.6, "trend": 32.383333, "fair_value": 36.62131, "relative_strength": -31.086776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.829124, "energy": 76.864015, "activity_lines": [ 28.533333, 29.816364, 30.396667, 31.095484 ] }, { "date": "2026-02-13", "close": 21.4, "volume": 306824, "typical_volume": 79171.1, "trend": 31.996667, "fair_value": 36.315369, "relative_strength": -43.0551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.378087, "energy": 91.499566, "activity_lines": [ 25.893333, 28.183637, 29.504286, 30.386882 ] }, { "date": "2026-02-20", "close": 24.5, "volume": 272299, "typical_volume": 89351.7, "trend": 31.513333, "fair_value": 36.055299, "relative_strength": -35.529075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.531673, "energy": 82.563088, "activity_lines": [ 24.98, 27.283636, 28.962857, 29.903226 ] }, { "date": "2026-02-27", "close": 23.0, "volume": 78337, "typical_volume": 90823.3, "trend": 30.966667, "fair_value": 35.781093, "relative_strength": -39.779017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.257412, "energy": 86.710972, "activity_lines": [ 23.946667, 26.212727, 28.309524, 29.353979 ] }, { "date": "2026-03-06", "close": 23.0, "volume": 85708, "typical_volume": 92145.15, "trend": 30.44, "fair_value": 35.531755, "relative_strength": -35.616803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.727104, "energy": 83.38593, "activity_lines": [ 23.293333, 25.287273, 27.690952, 28.84 ] }, { "date": "2026-03-13", "close": 21.9, "volume": 24327, "typical_volume": 84224.75, "trend": 29.96, "fair_value": 35.265193, "relative_strength": -37.733153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.669935, "energy": 71.539239, "activity_lines": [ 22.726667, 24.325455, 26.996191, 28.289032 ] }, { "date": "2026-03-20", "close": 21.200001, "volume": 18242, "typical_volume": 79251.5, "trend": 29.52, "fair_value": 35.005447, "relative_strength": -35.942675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.179921, "energy": 74.528362, "activity_lines": [ 22.206667, 23.445455, 26.285714, 27.723871 ] }, { "date": "2026-03-27", "close": 20.299999, "volume": 14672, "typical_volume": 76196.3, "trend": 29.056667, "fair_value": 34.736541, "relative_strength": -38.027353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.002127, "energy": 72.929086, "activity_lines": [ 21.4, 22.594545, 25.545714, 27.129032 ] }, { "date": "2026-04-03", "close": 20.9, "volume": 21017, "typical_volume": 75613.05, "trend": 28.653333, "fair_value": 34.582261, "relative_strength": -37.656119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.093144, "energy": 68.937862, "activity_lines": [ 21.073333, 22.032727, 24.912381, 26.602796 ] }, { "date": "2026-04-10", "close": 21.0, "volume": 62767, "typical_volume": 76199.4, "trend": 28.233333, "fair_value": 34.396971, "relative_strength": -39.523531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.614422, "energy": 60.200655, "activity_lines": [ 20.92, 21.630909, 24.334762, 26.109032 ] }, { "date": "2026-04-17", "close": 26.5, "volume": 2265620, "typical_volume": 188037.35, "trend": 27.97, "fair_value": 34.266154, "relative_strength": -24.675702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.310468, "energy": 36.573255, "activity_lines": [ 22.733333, 22.389091, 24.325238, 25.997204 ] }, { "date": "2026-04-24", "close": 28.0, "volume": 1367884, "typical_volume": 254219.0, "trend": 27.8, "fair_value": 34.118953, "relative_strength": -17.792114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.608664, "energy": 18.785312, "activity_lines": [ 24.74, 23.412727, 24.48, 25.99914 ] }, { "date": "2026-05-01", "close": 28.1, "volume": 386673, "typical_volume": 271434.95, "trend": 27.703333, "fair_value": 33.95253, "relative_strength": -16.006569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.117896, "energy": 22.583441, "activity_lines": [ 26.326667, 24.334545, 24.657143, 26.018495 ] }, { "date": "2026-05-08", "close": 29.5, "volume": 488485, "typical_volume": 286359.25, "trend": 27.676667, "fair_value": 33.785715, "relative_strength": -11.820722, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.528781, "energy": 41.606354, "activity_lines": [ 27.86, 25.445455, 24.977143, 26.134409 ] }, { "date": "2026-05-15", "close": 29.700001, "volume": 286711, "typical_volume": 298850.05, "trend": 27.7, "fair_value": 33.614329, "relative_strength": -9.769325, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.863647, "energy": 51.286637, "activity_lines": [ 28.886667, 26.474546, 25.323333, 26.264946 ] }, { "date": "2026-05-22", "close": 28.0, "volume": 1085141, "typical_volume": 351319.6, "trend": 27.546667, "fair_value": 33.442582, "relative_strength": -17.514367, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.154897, "energy": 55.461719, "activity_lines": [ 28.766667, 27.072727, 25.518572, 26.284301 ] }, { "date": "2026-05-29", "close": 24.700001, "volume": 1382696, "typical_volume": 419017.1, "trend": 27.27, "fair_value": 33.269584, "relative_strength": -26.638047, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.62472, "energy": 25.577325, "activity_lines": [ 27.446667, 26.96, 25.425238, 26.100645 ] }, { "date": "2026-06-05", "close": 25.1, "volume": 165006, "typical_volume": 425162.35, "trend": 27.083333, "fair_value": 33.110859, "relative_strength": -24.302028, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -21.744373, "energy": 13.338527, "activity_lines": [ 26.48, 26.856364, 25.40381, 25.960645 ] }, { "date": "2026-06-12", "close": 24.0, "volume": 69801, "typical_volume": 424832.7, "trend": 26.863333, "fair_value": 32.949765, "relative_strength": -26.961099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.528436, "energy": 29.82621, "activity_lines": [ 25.346667, 26.465455, 25.301905, 25.761721 ] }, { "date": "2026-06-19", "close": 23.700001, "volume": 279645, "typical_volume": 437054.45, "trend": 26.643334, "fair_value": 32.783236, "relative_strength": -28.640988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.933159, "energy": 37.476647, "activity_lines": [ 24.48, 25.963637, 25.19381, 25.557635 ] }, { "date": "2026-06-26", "close": 22.9, "volume": 53257, "typical_volume": 435755.6, "trend": 26.373334, "fair_value": 32.61509, "relative_strength": -29.789551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.139145, "energy": 40.881414, "activity_lines": [ 23.746667, 25.267273, 25.038572, 25.316129 ] }, { "date": "2026-07-03", "close": 26.5, "volume": 130139, "typical_volume": 426921.35, "trend": 26.233334, "fair_value": 32.563685, "relative_strength": -20.432013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.014963, "energy": 23.913173, "activity_lines": [ 24.553334, 25.290909, 25.241429, 25.324301 ] }, { "date": "2026-07-10", "close": 27.200001, "volume": 404748, "typical_volume": 433543.8, "trend": 26.136667, "fair_value": 32.517352, "relative_strength": -15.811452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.154953, "energy": 6.002645, "activity_lines": [ 25.473334, 25.469091, 25.486667, 25.386667 ] }, { "date": "2026-07-17", "close": 27.4, "volume": 341654, "typical_volume": 446709.65, "trend": 26.016667, "fair_value": 32.47874, "relative_strength": -13.667113, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.098793, "energy": 14.809376, "activity_lines": [ 26.32, 25.7, 25.738096, 25.468172 ] }, { "date": "2026-07-24", "close": 28.799999, "volume": 533209, "typical_volume": 469084.7, "trend": 25.91, "fair_value": 32.409296, "relative_strength": -9.723601, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.193237, "energy": 38.746241, "activity_lines": [ 27.406667, 26.223636, 26.101905, 25.647742 ] }, { "date": "2026-07-31", "close": 29.5, "volume": 348926, "typical_volume": 485314.65, "trend": 25.78, "fair_value": 32.358974, "relative_strength": -7.725757, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.620094, "energy": 69.905719, "activity_lines": [ 28.386667, 26.890909, 26.504762, 25.879355 ] }, { "date": "2026-08-07", "close": 29.799999, "volume": 388473, "typical_volume": 503826.2, "trend": 25.713333, "fair_value": 32.307062, "relative_strength": -7.561482, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.607866, "energy": 74.886347, "activity_lines": [ 29.026666, 27.585454, 26.9, 26.13871 ] } ], "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." } } }