{ "ticker": { "uuid": "76d96703-93fd-47fe-8d4b-cef5fc948fee", "symbol": "IRBR3", "name": "IRB-Brasil Resseguros S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 58.402, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": -13.185, "architecture_energy": 10.738, "architecture_maturity": 25.414, "architecture_confidence": 76.436, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 58.0, "rotation_up": 39.44, "upward_expansion": 30.49, "deceleration": 33.19, "rotation_down": 29.76, "downward_expansion": 26.49 }, "activity_lines": [ 54.517333, 54.595567, 53.804521, 53.913709 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 52.139999, "trend_reference": 54.195301, "distance_from_trend": -0.037924, "trend_direction": "Improving", "fair_value": 45.103073, "distance_from_fair_value": 0.156019, "fair_value_direction": "Weakening", "relative_strength": -2.414478, "relative_strength_direction": "Improving", "price_momentum": -0.061704, "excess_performance": -0.004656, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.037924, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.025097, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.156019, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.038117, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.024145, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.071131, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.061704, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.418574, "read": "Supply-led" } ], "volume": { "latest": 2330800, "relative_activity": 1.064489, "balance": 0.418574, "dry_up": 1.066225, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.050094, "annualized_volatility": 0.286134, "from_high_reference": -0.199105, "from_low_reference": 0.172406 }, "levels": { "trend_reference": 54.195301, "fair_value_reference": 45.103073, "structural_low": 50.196678, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.055283, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.048348, "regime_survival": 0.333333, "best_return": 0.160788, "worst_return": -0.081749, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.098517, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.046082, "regime_survival": 0.0, "best_return": 0.30537, "worst_return": -0.108337, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.285391, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.264331, "regime_survival": 0.0, "best_return": 0.298379, "worst_return": 0.272403, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.197049, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.082354, "regime_survival": 0.0, "best_return": 0.345726, "worst_return": 0.048373, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": 0.008025, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": -0.021076, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-11", "end": "2025-01-17", "tenure": "Established", "return": 0.201058, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-14", "tenure": "Developing", "return": -0.021371, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-06-13", "tenure": "Established", "return": -0.095018, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": -0.062553, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2025-09-05", "tenure": "Developing", "return": 0.052489, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": 0.102169, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-03-20", "tenure": "Established", "return": 0.080918, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-29", "tenure": "Developing", "return": -0.01502, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": 0.023603, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": 0.061996, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": 0.046193, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.085263, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.72422, "volume": 25430500, "typical_volume": 14239160.0, "trend": 31.997906, "fair_value": 91.240892, "relative_strength": 33.658055, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.018641, "energy": 29.466104, "activity_lines": [ 40.942579, 42.936446, 40.760711, 36.903049 ] }, { "date": "2023-08-25", "close": 44.121006, "volume": 17984600, "typical_volume": 14820210.0, "trend": 32.603834, "fair_value": 90.354794, "relative_strength": 38.801074, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.405742, "energy": 24.820282, "activity_lines": [ 41.721394, 43.10747, 41.411849, 37.685184 ] }, { "date": "2023-09-01", "close": 40.936718, "volume": 13117400, "typical_volume": 14973840.0, "trend": 33.204551, "fair_value": 89.534005, "relative_strength": 26.318377, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.938979, "energy": 21.414536, "activity_lines": [ 41.703812, 42.581076, 41.65116, 38.22279 ] }, { "date": "2023-09-08", "close": 39.852493, "volume": 7506200, "typical_volume": 14814765.0, "trend": 33.816014, "fair_value": 88.848096, "relative_strength": 25.507736, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.973192, "energy": 21.927977, "activity_lines": [ 41.270774, 41.870871, 41.705347, 38.651689 ] }, { "date": "2023-09-15", "close": 39.55946, "volume": 8472800, "typical_volume": 14140890.0, "trend": 34.390033, "fair_value": 88.225768, "relative_strength": 20.875201, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.96053, "energy": 13.291934, "activity_lines": [ 40.732244, 41.156225, 41.662788, 39.022234 ] }, { "date": "2023-09-22", "close": 39.549694, "volume": 10135500, "typical_volume": 13680455.0, "trend": 35.013542, "fair_value": 87.3618, "relative_strength": 23.303343, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.560836, "energy": 12.791447, "activity_lines": [ 40.102549, 40.650432, 41.577296, 39.355116 ] }, { "date": "2023-09-29", "close": 42.978176, "volume": 9739300, "typical_volume": 13457160.0, "trend": 35.845105, "fair_value": 86.376421, "relative_strength": 32.654023, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.608862, "energy": 13.01866, "activity_lines": [ 40.827316, 40.956606, 41.783489, 39.868963 ] }, { "date": "2023-10-06", "close": 41.473946, "volume": 8781500, "typical_volume": 12912310.0, "trend": 36.573455, "fair_value": 85.523229, "relative_strength": 29.853422, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.196317, "energy": 14.193608, "activity_lines": [ 41.126862, 41.082345, 41.808885, 40.232114 ] }, { "date": "2023-10-13", "close": 38.992928, "volume": 9801700, "typical_volume": 12799380.0, "trend": 37.16473, "fair_value": 84.714917, "relative_strength": 19.858253, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.480673, "energy": 6.840432, "activity_lines": [ 40.563587, 40.732481, 41.56483, 40.388209 ] }, { "date": "2023-10-20", "close": 39.539925, "volume": 7739000, "typical_volume": 12445270.0, "trend": 37.813635, "fair_value": 83.90076, "relative_strength": 23.566609, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.521407, "energy": 7.701525, "activity_lines": [ 40.239948, 40.495568, 41.357102, 40.541447 ] }, { "date": "2023-10-27", "close": 39.911098, "volume": 11495500, "typical_volume": 12378200.0, "trend": 38.419888, "fair_value": 83.199641, "relative_strength": 23.604834, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.39329, "energy": 8.176526, "activity_lines": [ 40.041336, 40.302521, 41.177608, 40.676768 ] }, { "date": "2023-11-03", "close": 41.268822, "volume": 6621600, "typical_volume": 12225145.0, "trend": 39.084748, "fair_value": 82.443324, "relative_strength": 21.641334, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.509956, "energy": 9.24412, "activity_lines": [ 40.271205, 40.40748, 41.114071, 40.86057 ] }, { "date": "2023-11-10", "close": 43.105164, "volume": 8515300, "typical_volume": 11860940.0, "trend": 39.730072, "fair_value": 81.673841, "relative_strength": 23.263582, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.364487, "energy": 15.501406, "activity_lines": [ 41.227145, 40.898178, 41.207981, 41.119951 ] }, { "date": "2023-11-17", "close": 41.903728, "volume": 7343900, "typical_volume": 11640120.0, "trend": 40.280323, "fair_value": 80.901333, "relative_strength": 14.554369, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.791722, "energy": 14.36483, "activity_lines": [ 41.673859, 41.131007, 41.180632, 41.260187 ] }, { "date": "2023-11-24", "close": 45.703388, "volume": 11924100, "typical_volume": 11328195.0, "trend": 40.77913, "fair_value": 80.131361, "relative_strength": 23.21391, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.429439, "energy": 41.335786, "activity_lines": [ 43.193072, 42.017387, 41.518178, 41.610063 ] }, { "date": "2023-12-01", "close": 52.384541, "volume": 12910200, "typical_volume": 11092620.0, "trend": 41.450827, "fair_value": 79.393307, "relative_strength": 36.399256, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 86.035507, "energy": 77.795616, "activity_lines": [ 46.528439, 44.006815, 42.517932, 42.358799 ] }, { "date": "2023-12-08", "close": 49.405373, "volume": 11023100, "typical_volume": 11034945.0, "trend": 41.92782, "fair_value": 78.575372, "relative_strength": 28.079288, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.849607, "energy": 77.996884, "activity_lines": [ 48.039188, 45.221216, 43.222235, 42.871995 ] }, { "date": "2023-12-15", "close": 46.47504, "volume": 9051800, "typical_volume": 10561670.0, "trend": 42.32667, "fair_value": 77.721508, "relative_strength": 16.49093, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.939378, "energy": 73.35272, "activity_lines": [ 48.030721, 45.78597, 43.641226, 43.165364 ] }, { "date": "2023-12-22", "close": 44.492184, "volume": 9936800, "typical_volume": 10696300.0, "trend": 42.620354, "fair_value": 76.878313, "relative_strength": 8.74534, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.004341, "energy": 62.625615, "activity_lines": [ 47.136645, 45.899276, 43.841139, 43.305075 ] }, { "date": "2023-12-29", "close": 43.271214, "volume": 4476600, "typical_volume": 10600370.0, "trend": 42.794546, "fair_value": 75.880785, "relative_strength": 4.02593, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.382178, "energy": 25.488084, "activity_lines": [ 45.663014, 45.690601, 43.902118, 43.347066 ] }, { "date": "2024-01-05", "close": 39.969707, "volume": 7362800, "typical_volume": 9696985.0, "trend": 42.889945, "fair_value": 74.890148, "relative_strength": -2.55631, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 8.576388, "energy": 15.062348, "activity_lines": [ 43.251026, 44.81381, 43.624713, 43.164818 ] }, { "date": "2024-01-12", "close": 39.393414, "volume": 5890000, "typical_volume": 9092255.0, "trend": 42.949528, "fair_value": 73.941015, "relative_strength": -3.263069, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -24.916594, "energy": 29.781469, "activity_lines": [ 41.474597, 43.831174, 43.30554, 42.939235 ] }, { "date": "2024-01-19", "close": 37.654747, "volume": 5809600, "typical_volume": 8726865.0, "trend": 42.81571, "fair_value": 73.103864, "relative_strength": -5.288638, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -42.534897, "energy": 40.601241, "activity_lines": [ 39.786075, 42.566514, 42.843293, 42.597637 ] }, { "date": "2024-01-26", "close": 39.705978, "volume": 14758500, "typical_volume": 9089480.0, "trend": 42.721288, "fair_value": 72.236222, "relative_strength": -1.629284, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.090006, "energy": 51.779493, "activity_lines": [ 39.369317, 41.773904, 42.592028, 42.397009 ] }, { "date": "2024-02-02", "close": 39.422718, "volume": 7205100, "typical_volume": 9026095.0, "trend": 42.330577, "fair_value": 71.411962, "relative_strength": -1.557597, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.830338, "energy": 54.037244, "activity_lines": [ 39.177219, 40.969751, 42.314485, 42.184198 ] }, { "date": "2024-02-09", "close": 38.875717, "volume": 6890900, "typical_volume": 8863865.0, "trend": 41.962333, "fair_value": 70.626277, "relative_strength": -4.176671, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -31.315447, "energy": 36.562399, "activity_lines": [ 39.059353, 40.180338, 41.985497, 41.961304 ] }, { "date": "2024-02-16", "close": 39.569229, "volume": 3507400, "typical_volume": 8552270.0, "trend": 41.678091, "fair_value": 69.884003, "relative_strength": -3.600283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -26.665561, "energy": 24.976964, "activity_lines": [ 39.245591, 39.762632, 41.725767, 41.80691 ] }, { "date": "2024-02-23", "close": 40.331116, "volume": 4554700, "typical_volume": 8340930.0, "trend": 41.684928, "fair_value": 69.207396, "relative_strength": -2.941971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -14.910216, "energy": 17.786814, "activity_lines": [ 39.674071, 39.66229, 41.554831, 41.720008 ] }, { "date": "2024-03-01", "close": 37.908707, "volume": 9457000, "typical_volume": 8323695.0, "trend": 41.624042, "fair_value": 68.490323, "relative_strength": -9.254217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.18079, "energy": 36.130489, "activity_lines": [ 39.116656, 39.233219, 41.158632, 41.476381 ] }, { "date": "2024-03-08", "close": 41.806049, "volume": 12541200, "typical_volume": 8563805.0, "trend": 41.742883, "fair_value": 67.793558, "relative_strength": 0.898469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.481464, "energy": 19.211662, "activity_lines": [ 39.978173, 39.632454, 41.138771, 41.488123 ] }, { "date": "2024-03-15", "close": 38.133366, "volume": 8676600, "typical_volume": 8422860.0, "trend": 41.589855, "fair_value": 67.074809, "relative_strength": -8.227044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.701156, "energy": 26.136981, "activity_lines": [ 39.456574, 39.390568, 40.758339, 41.255251 ] }, { "date": "2024-03-22", "close": 37.811031, "volume": 5459300, "typical_volume": 8364745.0, "trend": 41.379522, "fair_value": 66.363345, "relative_strength": -9.707748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.122036, "energy": 41.843589, "activity_lines": [ 38.87702, 39.123464, 40.355675, 41.011456 ] }, { "date": "2024-03-29", "close": 36.482613, "volume": 5246900, "typical_volume": 8201325.0, "trend": 41.231052, "fair_value": 65.654275, "relative_strength": -13.972903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.055273, "energy": 48.974128, "activity_lines": [ 37.971873, 38.6436, 39.84296, 40.695527 ] }, { "date": "2024-04-05", "close": 41.366497, "volume": 15328300, "typical_volume": 8600545.0, "trend": 41.281519, "fair_value": 64.95781, "relative_strength": -2.100636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.446106, "energy": 29.66709, "activity_lines": [ 38.951254, 39.073026, 39.826912, 40.704265 ] }, { "date": "2024-04-12", "close": 39.207821, "volume": 10056400, "typical_volume": 8507160.0, "trend": 41.269798, "fair_value": 64.247507, "relative_strength": -7.055289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.108553, "energy": 26.870658, "activity_lines": [ 38.980557, 39.079774, 39.607835, 40.570478 ] }, { "date": "2024-04-19", "close": 38.729202, "volume": 6707800, "typical_volume": 8197040.0, "trend": 41.242448, "fair_value": 63.501406, "relative_strength": -7.936622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.947239, "energy": 21.834845, "activity_lines": [ 39.023536, 39.003409, 39.374106, 40.406569 ] }, { "date": "2024-04-26", "close": 41.366497, "volume": 5282100, "typical_volume": 7909990.0, "trend": 41.188725, "fair_value": 62.817409, "relative_strength": -2.938049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.978567, "energy": 15.074401, "activity_lines": [ 39.905891, 39.409215, 39.456574, 40.414572 ] }, { "date": "2024-05-03", "close": 43.466568, "volume": 6008300, "typical_volume": 7757815.0, "trend": 41.255146, "fair_value": 62.132846, "relative_strength": 0.234447, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.940312, "energy": 13.994997, "activity_lines": [ 41.251238, 40.164174, 39.777329, 40.561529 ] }, { "date": "2024-05-10", "close": 37.898941, "volume": 10302000, "typical_volume": 7776075.0, "trend": 41.21868, "fair_value": 61.415712, "relative_strength": -11.848575, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.893427, "energy": 15.255617, "activity_lines": [ 40.275113, 39.84983, 39.58216, 40.345 ] }, { "date": "2024-05-17", "close": 36.550987, "volume": 14731900, "typical_volume": 8288840.0, "trend": 41.119049, "fair_value": 60.713315, "relative_strength": -15.221682, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.585657, "energy": 18.937084, "activity_lines": [ 39.08084, 39.290581, 39.29001, 40.043859 ] }, { "date": "2024-05-24", "close": 32.936916, "volume": 11057400, "typical_volume": 8473570.0, "trend": 40.886576, "fair_value": 59.989309, "relative_strength": -20.984928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.994414, "energy": 56.346862, "activity_lines": [ 36.858999, 38.169774, 38.685664, 39.515979 ] }, { "date": "2024-05-31", "close": 30.827076, "volume": 5974000, "typical_volume": 8477770.0, "trend": 40.538518, "fair_value": 59.236193, "relative_strength": -24.337915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.87671, "energy": 77.859139, "activity_lines": [ 34.32003, 36.759841, 37.913871, 38.866979 ] }, { "date": "2024-06-07", "close": 30.905218, "volume": 5116300, "typical_volume": 8443105.0, "trend": 40.131853, "fair_value": 58.486695, "relative_strength": -23.038676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.649182, "energy": 83.999009, "activity_lines": [ 32.509737, 35.491097, 37.190312, 38.245476 ] }, { "date": "2024-06-14", "close": 31.188482, "volume": 3718100, "typical_volume": 7891085.0, "trend": 39.774678, "fair_value": 57.735896, "relative_strength": -21.361292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.550892, "energy": 84.981105, "activity_lines": [ 31.631289, 34.375262, 36.525871, 37.668484 ] }, { "date": "2024-06-21", "close": 30.895451, "volume": 3867300, "typical_volume": 7724195.0, "trend": 39.28108, "fair_value": 57.000362, "relative_strength": -22.749482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.60172, "energy": 83.426665, "activity_lines": [ 31.102527, 33.391204, 35.874082, 37.095631 ] }, { "date": "2024-06-28", "close": 30.866148, "volume": 4911500, "typical_volume": 7625225.0, "trend": 38.5638, "fair_value": 56.306722, "relative_strength": -23.927796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.757175, "energy": 76.816019, "activity_lines": [ 30.941033, 32.552952, 35.260108, 36.552732 ] }, { "date": "2024-07-05", "close": 29.889372, "volume": 4274300, "typical_volume": 7663570.0, "trend": 37.913267, "fair_value": 55.6302, "relative_strength": -26.881366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.066702, "energy": 71.068742, "activity_lines": [ 30.591999, 31.680069, 34.591249, 35.993091 ] }, { "date": "2024-07-12", "close": 30.739166, "volume": 3633100, "typical_volume": 7617490.0, "trend": 37.388738, "fair_value": 54.957566, "relative_strength": -25.515478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.123561, "energy": 57.879768, "activity_lines": [ 30.588743, 31.170369, 34.049416, 35.530246 ] }, { "date": "2024-07-19", "close": 29.293537, "volume": 4664500, "typical_volume": 7377865.0, "trend": 36.882116, "fair_value": 54.244493, "relative_strength": -27.563927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.713852, "energy": 58.873546, "activity_lines": [ 30.114681, 30.629235, 33.415581, 35.007975 ] }, { "date": "2024-07-26", "close": 28.531651, "volume": 6170000, "typical_volume": 7059305.0, "trend": 36.390797, "fair_value": 53.542123, "relative_strength": -28.904374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.305682, "energy": 61.665451, "activity_lines": [ 29.512986, 30.106038, 32.75021, 34.469236 ] }, { "date": "2024-08-02", "close": 27.984655, "volume": 3188400, "typical_volume": 6784895.0, "trend": 35.991296, "fair_value": 52.814426, "relative_strength": -28.881298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.437839, "energy": 64.623063, "activity_lines": [ 28.886546, 29.629193, 32.095956, 33.926904 ] }, { "date": "2024-08-09", "close": 28.75631, "volume": 4551700, "typical_volume": 6739515.0, "trend": 35.636726, "fair_value": 52.122847, "relative_strength": -29.131884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.424737, "energy": 71.654056, "activity_lines": [ 28.709424, 29.38269, 31.56352, 33.460131 ] }, { "date": "2024-08-16", "close": 43.818211, "volume": 24219100, "typical_volume": 7688125.0, "trend": 35.842174, "fair_value": 51.599513, "relative_strength": 5.577832, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.434045, "energy": 12.518305, "activity_lines": [ 33.628473, 31.912365, 32.508668, 33.987968 ] }, { "date": "2024-08-23", "close": 46.816914, "volume": 15798100, "typical_volume": 7711615.0, "trend": 36.079206, "fair_value": 51.078257, "relative_strength": 11.673492, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.625526, "energy": 52.177388, "activity_lines": [ 38.675154, 34.752477, 33.704475, 34.696016 ] }, { "date": "2024-08-30", "close": 47.256462, "volume": 7383600, "typical_volume": 7577975.0, "trend": 36.34033, "fair_value": 50.578522, "relative_strength": 12.392155, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.741363, "energy": 76.130404, "activity_lines": [ 42.700125, 37.388353, 34.91619, 35.417129 ] }, { "date": "2024-09-06", "close": 48.731392, "volume": 11950900, "typical_volume": 7840130.0, "trend": 36.668853, "fair_value": 50.078889, "relative_strength": 17.013121, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.769517, "energy": 82.59613, "activity_lines": [ 45.968419, 39.994926, 36.230048, 36.216553 ] }, { "date": "2024-09-13", "close": 46.240616, "volume": 8558700, "typical_volume": 8003960.0, "trend": 36.891232, "fair_value": 49.567966, "relative_strength": 10.710298, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.948716, "energy": 78.586879, "activity_lines": [ 47.023338, 41.823807, 37.259059, 36.834086 ] }, { "date": "2024-09-20", "close": 44.169846, "volume": 3793400, "typical_volume": 7893215.0, "trend": 37.01919, "fair_value": 49.071823, "relative_strength": 8.858685, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.325573, "energy": 85.207937, "activity_lines": [ 46.222381, 42.97889, 38.067644, 37.303674 ] }, { "date": "2024-09-27", "close": 44.492184, "volume": 4929400, "typical_volume": 7624585.0, "trend": 37.238639, "fair_value": 48.587098, "relative_strength": 8.50336, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.5812, "energy": 60.274177, "activity_lines": [ 45.505427, 43.948386, 38.903579, 37.785802 ] }, { "date": "2024-10-04", "close": 43.554478, "volume": 3634400, "typical_volume": 7069710.0, "trend": 37.29692, "fair_value": 48.069866, "relative_strength": 7.191305, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.629324, "energy": 48.452124, "activity_lines": [ 44.630886, 44.47105, 39.618812, 38.193276 ] }, { "date": "2024-10-11", "close": 42.460491, "volume": 3317200, "typical_volume": 6682700.0, "trend": 37.441158, "fair_value": 47.534711, "relative_strength": 6.013494, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.297357, "energy": 35.264161, "activity_lines": [ 43.638482, 44.521665, 40.196506, 38.526409 ] }, { "date": "2024-10-18", "close": 40.682758, "volume": 4588700, "typical_volume": 6613435.0, "trend": 37.536882, "fair_value": 47.014656, "relative_strength": 1.418842, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.300223, "energy": 27.02351, "activity_lines": [ 42.47156, 43.985859, 40.559542, 38.735545 ] }, { "date": "2024-10-25", "close": 40.389717, "volume": 9838200, "typical_volume": 6849530.0, "trend": 37.667119, "fair_value": 46.542597, "relative_strength": 1.420186, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.329512, "energy": 23.125878, "activity_lines": [ 41.577482, 43.179929, 40.847737, 38.919599 ] }, { "date": "2024-11-01", "close": 40.721825, "volume": 5961400, "typical_volume": 6961695.0, "trend": 37.64563, "fair_value": 46.057081, "relative_strength": 3.873101, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.615603, "energy": 22.227937, "activity_lines": [ 41.046115, 42.496718, 41.122397, 39.116677 ] }, { "date": "2024-11-08", "close": 39.842728, "volume": 3918800, "typical_volume": 6964270.0, "trend": 37.666793, "fair_value": 45.57684, "relative_strength": 2.155022, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.121747, "energy": 20.695497, "activity_lines": [ 40.473073, 41.764491, 41.267937, 39.258425 ] }, { "date": "2024-11-15", "close": 39.071072, "volume": 9239200, "typical_volume": 7180655.0, "trend": 37.678189, "fair_value": 45.185166, "relative_strength": 0.391869, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.761209, "energy": 16.467563, "activity_lines": [ 39.890263, 41.026758, 41.29738, 39.349024 ] }, { "date": "2024-11-22", "close": 38.514309, "volume": 3974200, "typical_volume": 7165650.0, "trend": 37.583116, "fair_value": 44.786807, "relative_strength": -1.65258, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.491451, "energy": 14.212661, "activity_lines": [ 39.347826, 40.363437, 41.234726, 39.402967 ] }, { "date": "2024-11-29", "close": 40.038086, "volume": 5688600, "typical_volume": 7268425.0, "trend": 37.468833, "fair_value": 44.39198, "relative_strength": 5.656847, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.057543, "energy": 14.245505, "activity_lines": [ 39.457878, 40.117645, 41.276123, 39.561352 ] }, { "date": "2024-12-06", "close": 38.055222, "volume": 4535700, "typical_volume": 7261985.0, "trend": 37.474043, "fair_value": 43.954831, "relative_strength": 0.758907, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.540949, "energy": 15.609675, "activity_lines": [ 38.930417, 39.586456, 41.084396, 39.599183 ] }, { "date": "2024-12-13", "close": 38.582684, "volume": 3701500, "typical_volume": 7138560.0, "trend": 37.541766, "fair_value": 43.525738, "relative_strength": 3.563448, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.729776, "energy": 19.14363, "activity_lines": [ 38.75655, 39.268204, 40.90118, 39.670709 ] }, { "date": "2024-12-20", "close": 36.717041, "volume": 5413200, "typical_volume": 7249800.0, "trend": 37.66777, "fair_value": 43.151704, "relative_strength": 0.804994, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -9.518155, "energy": 25.650293, "activity_lines": [ 38.044806, 38.701141, 40.492423, 39.617501 ] }, { "date": "2024-12-27", "close": 42.343269, "volume": 7987600, "typical_volume": 7421595.0, "trend": 38.051643, "fair_value": 42.796592, "relative_strength": 17.798561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.345126, "energy": 15.687227, "activity_lines": [ 39.365406, 39.261454, 40.577913, 39.919146 ] }, { "date": "2025-01-03", "close": 41.073463, "volume": 5749000, "typical_volume": 6498090.0, "trend": 38.390585, "fair_value": 42.491006, "relative_strength": 15.613896, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.018795, "energy": 13.965554, "activity_lines": [ 40.007474, 39.560703, 40.47777, 40.114102 ] }, { "date": "2025-01-10", "close": 45.009876, "volume": 8675000, "typical_volume": 6141935.0, "trend": 38.851298, "fair_value": 42.227799, "relative_strength": 25.721031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.153131, "energy": 30.415219, "activity_lines": [ 41.892654, 40.563231, 40.765594, 40.541153 ] }, { "date": "2025-01-17", "close": 50.997517, "volume": 14756000, "typical_volume": 6510555.0, "trend": 39.521367, "fair_value": 42.034145, "relative_strength": 37.310012, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 80.783586, "energy": 64.723595, "activity_lines": [ 45.31007, 42.576457, 41.632274, 41.32478 ] }, { "date": "2025-01-24", "close": 48.448128, "volume": 9904500, "typical_volume": 6408235.0, "trend": 40.107433, "fair_value": 41.84441, "relative_strength": 29.621592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.549207, "energy": 75.825856, "activity_lines": [ 47.050035, 43.923343, 42.23834, 41.9007 ] }, { "date": "2025-01-31", "close": 51.671497, "volume": 7914400, "typical_volume": 6376020.0, "trend": 40.833503, "fair_value": 41.704951, "relative_strength": 33.365989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.885825, "energy": 84.08458, "activity_lines": [ 49.082384, 45.685805, 43.152743, 42.646769 ] }, { "date": "2025-02-07", "close": 50.763092, "volume": 5564000, "typical_volume": 6464550.0, "trend": 41.500968, "fair_value": 41.534731, "relative_strength": 31.759881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.008583, "energy": 82.017109, "activity_lines": [ 50.190049, 47.04388, 43.95477, 43.287387 ] }, { "date": "2025-02-14", "close": 55.754421, "volume": 7273200, "typical_volume": 6581740.0, "trend": 42.382997, "fair_value": 41.390273, "relative_strength": 39.545862, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.813945, "energy": 89.400383, "activity_lines": [ 52.315516, 49.114469, 45.200766, 44.206965 ] }, { "date": "2025-02-21", "close": 52.912003, "volume": 5824700, "typical_volume": 6691255.0, "trend": 43.195676, "fair_value": 41.252531, "relative_strength": 32.711666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.59573, "energy": 79.409527, "activity_lines": [ 52.777206, 50.346452, 46.122425, 44.886256 ] }, { "date": "2025-02-28", "close": 46.045254, "volume": 16826200, "typical_volume": 7366705.0, "trend": 43.797696, "fair_value": 41.064537, "relative_strength": 18.965484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.064638, "energy": 47.742008, "activity_lines": [ 50.822348, 50.069402, 46.345548, 45.070099 ] }, { "date": "2025-03-07", "close": 45.820599, "volume": 4670700, "typical_volume": 7370805.0, "trend": 44.366505, "fair_value": 40.901599, "relative_strength": 16.002806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.44988, "energy": 32.699209, "activity_lines": [ 48.952797, 49.581901, 46.530205, 45.200609 ] }, { "date": "2025-03-14", "close": 47.412746, "volume": 5634200, "typical_volume": 7160605.0, "trend": 44.486323, "fair_value": 40.736399, "relative_strength": 15.911722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.165725, "energy": 22.229536, "activity_lines": [ 48.004021, 49.320658, 46.842029, 45.397141 ] }, { "date": "2025-03-21", "close": 50.782631, "volume": 5639300, "typical_volume": 7144500.0, "trend": 44.618514, "fair_value": 40.524223, "relative_strength": 20.344131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.19579, "energy": 25.580262, "activity_lines": [ 48.401896, 49.556861, 47.441352, 45.803354 ] }, { "date": "2025-03-28", "close": 50.997517, "volume": 5009700, "typical_volume": 7199045.0, "trend": 44.743215, "fair_value": 40.304073, "relative_strength": 20.518939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.637833, "energy": 23.662472, "activity_lines": [ 49.202853, 49.727175, 48.013232, 46.214903 ] }, { "date": "2025-04-04", "close": 47.686245, "volume": 5168700, "typical_volume": 6995520.0, "trend": 44.708377, "fair_value": 40.101662, "relative_strength": 16.469503, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.803984, "energy": 22.319503, "activity_lines": [ 49.027685, 49.29544, 48.216634, 46.404776 ] }, { "date": "2025-04-11", "close": 43.593548, "volume": 9370900, "typical_volume": 7265355.0, "trend": 44.620142, "fair_value": 39.907304, "relative_strength": 5.927528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.357308, "energy": 9.941116, "activity_lines": [ 47.378885, 48.13343, 47.989231, 46.332851 ] }, { "date": "2025-04-18", "close": 44.961037, "volume": 4058400, "typical_volume": 7183845.0, "trend": 44.646515, "fair_value": 39.741973, "relative_strength": 7.353365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.833213, "energy": 10.599033, "activity_lines": [ 46.334385, 47.366927, 47.867878, 46.354845 ] }, { "date": "2025-04-25", "close": 46.963432, "volume": 3664000, "typical_volume": 7140260.0, "trend": 44.72889, "fair_value": 39.611297, "relative_strength": 7.760601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.614512, "energy": 15.871183, "activity_lines": [ 46.120797, 47.069987, 47.913787, 46.504323 ] }, { "date": "2025-05-02", "close": 46.543415, "volume": 5383700, "typical_volume": 7224370.0, "trend": 44.828521, "fair_value": 39.490398, "relative_strength": 6.445522, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.336676, "energy": 15.572424, "activity_lines": [ 46.021817, 46.856517, 47.877274, 46.621389 ] }, { "date": "2025-05-09", "close": 46.562946, "volume": 4511700, "typical_volume": 7179295.0, "trend": 44.965269, "fair_value": 39.382093, "relative_strength": 5.139812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.509669, "energy": 10.492507, "activity_lines": [ 46.226287, 46.76239, 47.804713, 46.733288 ] }, { "date": "2025-05-16", "close": 47.324841, "volume": 11501500, "typical_volume": 7354990.0, "trend": 45.186672, "fair_value": 39.28023, "relative_strength": 4.467164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.438585, "energy": 7.061576, "activity_lines": [ 46.759609, 46.797378, 47.757828, 46.885518 ] }, { "date": "2025-05-23", "close": 45.371284, "volume": 4626200, "typical_volume": 7298850.0, "trend": 45.352724, "fair_value": 39.131556, "relative_strength": 0.76285, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.552373, "energy": 5.07073, "activity_lines": [ 46.392992, 46.449823, 47.501168, 46.897429 ] }, { "date": "2025-05-30", "close": 48.018353, "volume": 5262600, "typical_volume": 7128230.0, "trend": 45.595942, "fair_value": 38.98894, "relative_strength": 6.646966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.594622, "energy": 13.266233, "activity_lines": [ 46.881382, 46.620671, 47.476145, 47.069405 ] }, { "date": "2025-06-06", "close": 49.610497, "volume": 4329400, "typical_volume": 6606900.0, "trend": 45.921534, "fair_value": 38.875233, "relative_strength": 10.231278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.430751, "energy": 20.716806, "activity_lines": [ 47.830158, 47.131259, 47.588428, 47.328408 ] }, { "date": "2025-06-13", "close": 45.957348, "volume": 4557200, "typical_volume": 6339535.0, "trend": 46.151077, "fair_value": 38.744343, "relative_strength": 0.851656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.519007, "energy": 9.677331, "activity_lines": [ 47.356746, 47.002857, 47.359397, 47.330719 ] }, { "date": "2025-06-20", "close": 46.221077, "volume": 3318800, "typical_volume": 6109755.0, "trend": 46.407969, "fair_value": 38.661901, "relative_strength": 1.019692, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.634707, "energy": 7.599526, "activity_lines": [ 47.011617, 46.95384, 47.167344, 47.335235 ] }, { "date": "2025-06-27", "close": 43.251678, "volume": 4721300, "typical_volume": 6067620.0, "trend": 46.515089, "fair_value": 38.602505, "relative_strength": -5.661248, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.562806, "energy": 26.516253, "activity_lines": [ 45.750273, 46.317159, 46.718445, 47.131603 ] }, { "date": "2025-07-04", "close": 45.517799, "volume": 3141200, "typical_volume": 5861020.0, "trend": 46.763841, "fair_value": 38.552959, "relative_strength": -4.421411, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.455145, "energy": 33.39912, "activity_lines": [ 45.385609, 46.123579, 46.521136, 47.067262 ] }, { "date": "2025-07-11", "close": 43.329819, "volume": 2186700, "typical_volume": 5679120.0, "trend": 46.922079, "fair_value": 38.500299, "relative_strength": -5.909261, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.773083, "energy": 60.045233, "activity_lines": [ 44.458322, 45.558469, 46.164194, 46.845712 ] }, { "date": "2025-07-18", "close": 43.173538, "volume": 3130700, "typical_volume": 4994345.0, "trend": 47.137296, "fair_value": 38.465339, "relative_strength": -4.786803, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.957382, "energy": 65.041004, "activity_lines": [ 43.897653, 45.023374, 45.837997, 46.603871 ] }, { "date": "2025-07-25", "close": 43.564243, "volume": 3859900, "typical_volume": 4953805.0, "trend": 47.177995, "fair_value": 38.446911, "relative_strength": -4.580455, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.184316, "energy": 58.782985, "activity_lines": [ 43.652807, 44.620941, 45.562685, 46.373351 ] }, { "date": "2025-08-01", "close": 43.290749, "volume": 3124400, "typical_volume": 4828315.0, "trend": 47.251904, "fair_value": 38.370621, "relative_strength": -4.959926, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.881116, "energy": 58.589461, "activity_lines": [ 43.493918, 44.237156, 45.272071, 46.122561 ] }, { "date": "2025-08-08", "close": 45.30291, "volume": 3362500, "typical_volume": 4714475.0, "trend": 47.261672, "fair_value": 38.300995, "relative_strength": -3.695441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.978447, "energy": 34.349283, "activity_lines": [ 44.003145, 44.257047, 45.192719, 45.99682 ] }, { "date": "2025-08-15", "close": 45.937813, "volume": 5120200, "typical_volume": 4720000.0, "trend": 47.093015, "fair_value": 38.252584, "relative_strength": -2.705393, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.371009, "energy": 21.369113, "activity_lines": [ 44.738332, 44.441747, 45.199929, 45.911409 ] }, { "date": "2025-08-22", "close": 45.947582, "volume": 4256100, "typical_volume": 4674370.0, "trend": 47.009664, "fair_value": 38.177072, "relative_strength": -3.767072, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.753587, "energy": 16.763517, "activity_lines": [ 45.302909, 44.694998, 45.232162, 45.837511 ] }, { "date": "2025-08-29", "close": 46.73877, "volume": 3209800, "typical_volume": 4366315.0, "trend": 46.84524, "fair_value": 38.247512, "relative_strength": -4.41065, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.357423, "energy": 16.933057, "activity_lines": [ 45.946279, 45.09228, 45.348027, 45.820034 ] }, { "date": "2025-09-05", "close": 45.439655, "volume": 3177900, "typical_volume": 4322290.0, "trend": 46.667792, "fair_value": 38.307747, "relative_strength": -7.637344, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.901453, "energy": 17.668239, "activity_lines": [ 45.944976, 45.243946, 45.325188, 45.729351 ] }, { "date": "2025-09-12", "close": 45.029408, "volume": 4156600, "typical_volume": 4346920.0, "trend": 46.310291, "fair_value": 38.370987, "relative_strength": -8.099614, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.130627, "energy": 11.933396, "activity_lines": [ 45.663663, 45.281241, 45.261, 45.623648 ] }, { "date": "2025-09-19", "close": 47.83276, "volume": 2906900, "typical_volume": 4223080.0, "trend": 46.140983, "fair_value": 38.467224, "relative_strength": -4.734602, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.26359, "energy": 19.233564, "activity_lines": [ 46.335035, 45.837116, 45.473007, 45.721872 ] }, { "date": "2025-09-26", "close": 45.898743, "volume": 3565900, "typical_volume": 4175790.0, "trend": 46.136099, "fair_value": 38.554821, "relative_strength": -8.223055, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.312746, "energy": 9.595419, "activity_lines": [ 46.235404, 45.959479, 45.494682, 45.706244 ] }, { "date": "2025-10-03", "close": 47.735081, "volume": 3264500, "typical_volume": 3763940.0, "trend": 46.199915, "fair_value": 38.659825, "relative_strength": -3.72943, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.727915, "energy": 25.715659, "activity_lines": [ 46.751142, 46.366174, 45.69441, 45.809404 ] }, { "date": "2025-10-10", "close": 46.084332, "volume": 3022100, "typical_volume": 3683735.0, "trend": 46.155635, "fair_value": 38.76176, "relative_strength": -4.737456, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.999598, "energy": 24.554677, "activity_lines": [ 46.650209, 46.396898, 45.734969, 45.801947 ] }, { "date": "2025-10-17", "close": 45.17593, "volume": 3096000, "typical_volume": 3575405.0, "trend": 45.968745, "fair_value": 38.852237, "relative_strength": -8.402769, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.754618, "energy": 6.926568, "activity_lines": [ 46.203498, 46.211666, 45.685619, 45.73874 ] }, { "date": "2025-10-24", "close": 47.266228, "volume": 3110500, "typical_volume": 3514460.0, "trend": 45.844369, "fair_value": 38.980533, "relative_strength": -6.04784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.561235, "energy": 15.454962, "activity_lines": [ 46.443784, 46.408797, 45.84888, 45.822449 ] }, { "date": "2025-10-31", "close": 48.194168, "volume": 4055000, "typical_volume": 3489350.0, "trend": 45.861299, "fair_value": 39.109142, "relative_strength": -6.384168, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.525757, "energy": 29.288965, "activity_lines": [ 47.031152, 46.750492, 46.11168, 45.974049 ] }, { "date": "2025-11-07", "close": 49.630032, "volume": 4944500, "typical_volume": 3570635.0, "trend": 46.062516, "fair_value": 39.273253, "relative_strength": -6.480529, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.073636, "energy": 51.648989, "activity_lines": [ 47.944114, 47.312405, 46.500576, 46.217193 ] }, { "date": "2025-11-14", "close": 48.526276, "volume": 5402500, "typical_volume": 3604695.0, "trend": 46.181357, "fair_value": 39.445316, "relative_strength": -10.700188, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.684252, "energy": 56.86133, "activity_lines": [ 48.362827, 47.621067, 46.768121, 46.376145 ] }, { "date": "2025-11-21", "close": 47.080647, "volume": 2281200, "typical_volume": 3561695.0, "trend": 46.185264, "fair_value": 39.600599, "relative_strength": -11.727667, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.437491, "energy": 50.207712, "activity_lines": [ 48.136867, 47.610768, 46.872869, 46.434164 ] }, { "date": "2025-11-28", "close": 49.083035, "volume": 2651800, "typical_volume": 3584950.0, "trend": 46.269918, "fair_value": 39.783744, "relative_strength": -10.411945, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.573422, "energy": 47.896626, "activity_lines": [ 48.451388, 47.927243, 47.160878, 46.621117 ] }, { "date": "2025-12-05", "close": 46.729004, "volume": 3081300, "typical_volume": 3582480.0, "trend": 46.275453, "fair_value": 39.948043, "relative_strength": -13.76049, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.925607, "energy": 25.149509, "activity_lines": [ 47.860112, 47.792981, 47.197298, 46.650735 ] }, { "date": "2025-12-12", "close": 52.697109, "volume": 5809700, "typical_volume": 3679970.0, "trend": 46.454529, "fair_value": 40.150599, "relative_strength": -4.897675, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.790313, "energy": 41.52437, "activity_lines": [ 49.355882, 48.728733, 47.785178, 47.065036 ] }, { "date": "2025-12-19", "close": 52.032898, "volume": 4366100, "typical_volume": 3742055.0, "trend": 46.676583, "fair_value": 40.313207, "relative_strength": -4.88429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.497244, "energy": 57.941197, "activity_lines": [ 50.425777, 49.4535, 48.26631, 47.42493 ] }, { "date": "2025-12-26", "close": 53.507835, "volume": 1697400, "typical_volume": 3658800.0, "trend": 46.859565, "fair_value": 40.494662, "relative_strength": -3.556873, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.456804, "energy": 70.288539, "activity_lines": [ 51.753542, 50.338283, 48.846283, 47.865656 ] }, { "date": "2026-01-02", "close": 51.144035, "volume": 1722500, "typical_volume": 3488915.0, "trend": 46.910683, "fair_value": 40.636546, "relative_strength": -7.467673, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.578859, "energy": 69.64868, "activity_lines": [ 51.864895, 50.641794, 49.162061, 48.142074 ] }, { "date": "2026-01-09", "close": 49.962135, "volume": 3815800, "typical_volume": 3466900.0, "trend": 47.044176, "fair_value": 40.75019, "relative_strength": -10.809407, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.019044, "energy": 52.952692, "activity_lines": [ 51.444882, 50.659909, 49.340486, 48.338941 ] }, { "date": "2026-01-16", "close": 51.202641, "volume": 4220000, "typical_volume": 3517410.0, "trend": 47.210228, "fair_value": 40.888692, "relative_strength": -8.845507, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.053918, "energy": 36.425544, "activity_lines": [ 51.222828, 50.871425, 49.617937, 48.60723 ] }, { "date": "2026-01-23", "close": 53.937614, "volume": 5065000, "typical_volume": 3611765.0, "trend": 47.566426, "fair_value": 41.068143, "relative_strength": -11.052082, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.921056, "energy": 39.898807, "activity_lines": [ 52.012063, 51.551616, 50.134605, 49.041254 ] }, { "date": "2026-01-30", "close": 56.506538, "volume": 5674100, "typical_volume": 3687640.0, "trend": 47.932718, "fair_value": 41.283472, "relative_strength": -7.588606, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.155866, "energy": 48.196646, "activity_lines": [ 53.530625, 52.600497, 50.855467, 49.618036 ] }, { "date": "2026-02-06", "close": 55.568832, "volume": 2869700, "typical_volume": 3685780.0, "trend": 48.340685, "fair_value": 41.501807, "relative_strength": -9.374388, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.316421, "energy": 60.748192, "activity_lines": [ 54.536705, 53.307505, 51.432369, 50.110688 ] }, { "date": "2026-02-13", "close": 57.942398, "volume": 3883200, "typical_volume": 3701645.0, "trend": 48.83298, "fair_value": 41.730035, "relative_strength": -6.619337, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.822574, "energy": 78.473381, "activity_lines": [ 56.038987, 54.328148, 52.198488, 50.730154 ] }, { "date": "2026-02-20", "close": 58.020542, "volume": 2958600, "typical_volume": 3686350.0, "trend": 49.314857, "fair_value": 41.968343, "relative_strength": -7.89628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.678147, "energy": 78.050314, "activity_lines": [ 57.035299, 55.159119, 52.914698, 51.3229 ] }, { "date": "2026-02-27", "close": 60.462486, "volume": 6939900, "typical_volume": 3882240.0, "trend": 49.887248, "fair_value": 42.240338, "relative_strength": -2.822512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.976815, "energy": 77.450864, "activity_lines": [ 58.391066, 56.337289, 53.814495, 52.042102 ] }, { "date": "2026-03-06", "close": 54.572517, "volume": 4730200, "typical_volume": 3963950.0, "trend": 50.196235, "fair_value": 42.46437, "relative_strength": -7.345321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.554623, "energy": 47.960288, "activity_lines": [ 57.348519, 56.291291, 54.084876, 52.344377 ] }, { "date": "2026-03-13", "close": 54.054832, "volume": 3069400, "typical_volume": 3961895.0, "trend": 50.466802, "fair_value": 42.674628, "relative_strength": -6.994565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.205099, "energy": 38.005296, "activity_lines": [ 56.262345, 56.131811, 54.261208, 52.593319 ] }, { "date": "2026-03-20", "close": 52.452919, "volume": 2331900, "typical_volume": 3875740.0, "trend": 50.683647, "fair_value": 42.882193, "relative_strength": -8.553779, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.789057, "energy": 20.532429, "activity_lines": [ 54.743133, 55.62815, 54.25265, 52.721455 ] }, { "date": "2026-03-27", "close": 51.759407, "volume": 3395700, "typical_volume": 3798300.0, "trend": 50.851001, "fair_value": 43.074731, "relative_strength": -11.887308, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.602951, "energy": 20.594225, "activity_lines": [ 53.358715, 54.953109, 54.157763, 52.790859 ] }, { "date": "2026-04-03", "close": 53.341778, "volume": 5674500, "typical_volume": 3811900.0, "trend": 51.114405, "fair_value": 43.279979, "relative_strength": -11.852708, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.871673, "energy": 20.433735, "activity_lines": [ 52.919164, 54.555649, 54.203439, 52.951554 ] }, { "date": "2026-04-10", "close": 55.57645, "volume": 3365800, "typical_volume": 3866130.0, "trend": 51.465973, "fair_value": 43.484024, "relative_strength": -12.161599, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.741906, "energy": 18.818971, "activity_lines": [ 53.699217, 54.575327, 54.439009, 53.239428 ] }, { "date": "2026-04-17", "close": 57.305187, "volume": 4770500, "typical_volume": 3972065.0, "trend": 51.781721, "fair_value": 43.688569, "relative_strength": -8.396841, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.822207, "energy": 22.557673, "activity_lines": [ 54.988587, 54.92623, 54.798765, 53.616152 ] }, { "date": "2026-04-24", "close": 53.235245, "volume": 2172100, "typical_volume": 3926605.0, "trend": 52.026271, "fair_value": 43.832774, "relative_strength": -12.310463, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.560652, "energy": 15.219418, "activity_lines": [ 54.704619, 54.505575, 54.731754, 53.709928 ] }, { "date": "2026-05-01", "close": 52.54295, "volume": 3807600, "typical_volume": 3826500.0, "trend": 52.186533, "fair_value": 43.962962, "relative_strength": -11.525671, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.248794, "energy": 12.098832, "activity_lines": [ 54.137731, 54.044632, 54.567828, 53.743262 ] }, { "date": "2026-05-08", "close": 52.631977, "volume": 2881900, "typical_volume": 3752290.0, "trend": 52.404788, "fair_value": 44.075375, "relative_strength": -9.527556, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.079267, "energy": 5.892978, "activity_lines": [ 53.548283, 53.699468, 54.413116, 53.772 ] }, { "date": "2026-05-15", "close": 51.940361, "volume": 2298800, "typical_volume": 3782360.0, "trend": 52.630269, "fair_value": 44.187111, "relative_strength": -7.013566, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.969002, "energy": 13.126795, "activity_lines": [ 52.775616, 53.370929, 54.189682, 53.742037 ] }, { "date": "2026-05-22", "close": 51.624195, "volume": 1759300, "typical_volume": 3784200.0, "trend": 52.775535, "fair_value": 44.289307, "relative_strength": -6.810224, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.883416, "energy": 27.957532, "activity_lines": [ 52.139966, 53.032762, 53.943601, 53.677129 ] }, { "date": "2026-05-29", "close": 50.981976, "volume": 1420200, "typical_volume": 3664420.0, "trend": 52.868462, "fair_value": 44.372233, "relative_strength": -6.360033, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.220489, "energy": 36.326685, "activity_lines": [ 51.668976, 52.622022, 53.63407, 53.561415 ] }, { "date": "2026-06-05", "close": 50.544643, "volume": 243200, "typical_volume": 3465580.0, "trend": 52.898949, "fair_value": 44.458367, "relative_strength": -4.158707, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.426628, "energy": 47.316318, "activity_lines": [ 51.202427, 52.158511, 53.278032, 53.411492 ] }, { "date": "2026-06-12", "close": 51.737671, "volume": 203000, "typical_volume": 3222480.0, "trend": 53.005995, "fair_value": 44.548955, "relative_strength": -2.913262, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.31784, "energy": 40.322103, "activity_lines": [ 51.266774, 51.934001, 53.038749, 53.336571 ] }, { "date": "2026-06-19", "close": 51.797321, "volume": 221400, "typical_volume": 2949845.0, "trend": 53.163218, "fair_value": 44.613879, "relative_strength": -1.14488, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -27.190185, "energy": 33.903443, "activity_lines": [ 51.410624, 51.749502, 52.815623, 53.258592 ] }, { "date": "2026-06-26", "close": 55.00856, "volume": 458100, "typical_volume": 2829265.0, "trend": 53.360735, "fair_value": 44.693814, "relative_strength": 2.116026, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 5.829745, "energy": 6.791683, "activity_lines": [ 52.634424, 52.217577, 52.920754, 53.377646 ] }, { "date": "2026-07-03", "close": 54.77, "volume": 178800, "typical_volume": 2644045.0, "trend": 53.628768, "fair_value": 44.717058, "relative_strength": 1.153219, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.08095, "energy": 15.282852, "activity_lines": [ 53.553079, 52.684033, 53.005833, 53.468566 ] }, { "date": "2026-07-10", "close": 57.299999, "volume": 1602600, "typical_volume": 2576245.0, "trend": 53.782198, "fair_value": 44.764346, "relative_strength": 3.658306, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.814789, "energy": 34.399448, "activity_lines": [ 55.062533, 53.582584, 53.346971, 53.70542 ] }, { "date": "2026-07-17", "close": 57.0, "volume": 1574100, "typical_volume": 2307955.0, "trend": 53.947768, "fair_value": 44.821419, "relative_strength": 5.551184, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.27848, "energy": 54.34335, "activity_lines": [ 56.021629, 54.340099, 53.662969, 53.91302 ] }, { "date": "2026-07-24", "close": 53.84, "volume": 2688900, "typical_volume": 2205890.0, "trend": 53.95884, "fair_value": 44.90933, "relative_strength": -0.384085, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.186689, "energy": 46.775583, "activity_lines": [ 55.57657, 54.443649, 53.694502, 53.906067 ] }, { "date": "2026-07-31", "close": 56.06, "volume": 2744600, "typical_volume": 2189650.0, "trend": 54.122706, "fair_value": 45.013975, "relative_strength": 1.492583, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.163293, "energy": 45.646821, "activity_lines": [ 55.735333, 54.916297, 53.940952, 54.041626 ] }, { "date": "2026-08-07", "close": 52.139999, "volume": 2330800, "typical_volume": 2189595.0, "trend": 54.195301, "fair_value": 45.103073, "relative_strength": -2.414478, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -13.184973, "energy": 10.738218, "activity_lines": [ 54.517333, 54.595567, 53.804521, 53.913709 ] } ], "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." } } }