{ "ticker": { "uuid": "77bf6319-afb2-468d-91ff-16a6280994b0", "symbol": "PSB", "name": "Punjab & Sind Bank", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -47.644, "architecture_energy": 36.744, "architecture_maturity": 15.278, "architecture_confidence": 91.034, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 47.77, "rotation_up": 16.22, "upward_expansion": 7.56, "deceleration": 42.29, "rotation_down": 51.62, "downward_expansion": 73.89 }, "activity_lines": [ 23.750657, 23.988038, 24.089702, 24.235554 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 23.790001, "trend_reference": 24.806318, "distance_from_trend": -0.04097, "trend_direction": "Weakening", "fair_value": 40.544902, "distance_from_fair_value": -0.413243, "fair_value_direction": "Weakening", "relative_strength": -9.778287, "relative_strength_direction": "Weakening", "price_momentum": -0.12214, "excess_performance": -0.078431, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.04097, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.057797, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.413243, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.021371, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.097783, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013701, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.12214, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.669652, "read": "Supply-led" } ], "volume": { "latest": 5187968, "relative_activity": 0.87886, "balance": 0.669652, "dry_up": 1.158727, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.041566, "annualized_volatility": 0.236343, "from_high_reference": -0.267098, "from_low_reference": 0.160488 }, "levels": { "trend_reference": 24.806318, "fair_value_reference": 40.544902, "structural_low": 20.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": -0.047059, "positive_rate": 0.411765, "directional_follow_through": 0.411765, "median_excess_return": -0.042384, "regime_survival": 0.529412, "best_return": 0.193038, "worst_return": -0.143695, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.038674, "positive_rate": 0.142857, "directional_follow_through": 0.142857, "median_excess_return": -0.064069, "regime_survival": 0.571429, "best_return": 0.226973, "worst_return": -0.124837, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.10701, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.118909, "regime_survival": 0.4, "best_return": 0.87171, "worst_return": -0.192458, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.155542, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.226936, "regime_survival": 0.333333, "best_return": 1.203547, "worst_return": -0.441178, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-10-21", "end": "2022-10-28", "tenure": "New", "return": 0.041139, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-11-04", "end": "2023-01-20", "tenure": "Developing", "return": 0.713137, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-01-27", "end": "2023-04-28", "tenure": "Established", "return": 0.269841, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-05-05", "end": "2023-06-16", "tenure": "Developing", "return": -0.066165, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-06-23", "end": "2023-07-14", "tenure": "New", "return": 0.120198, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-07-21", "end": "2023-10-27", "tenure": "Established", "return": 0.173077, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-03", "end": "2023-12-15", "tenure": "Developing", "return": 0.149383, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-03-22", "tenure": "Established", "return": 0.37935, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-29", "end": "2024-06-28", "tenure": "Established", "return": -0.002008, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-09-13", "tenure": "Developing", "return": -0.041073, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2025-10-17", "tenure": "Extended", "return": -0.453788, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-12-19", "tenure": "Developing", "return": -0.146619, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-06-26", "tenure": "Extended", "return": -0.096747, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.023456, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 35.401333, "volume": 24599122, "typical_volume": 18768293.95, "trend": 29.936913, "fair_value": 19.103561, "relative_strength": 25.746766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.345912, "energy": 52.570644, "activity_lines": [ 33.823521, 33.18372, 32.419483, 31.321128 ] }, { "date": "2023-08-25", "close": 34.904125, "volume": 31190615, "typical_volume": 20037384.3, "trend": 30.174515, "fair_value": 19.246207, "relative_strength": 22.742142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.824997, "energy": 46.33958, "activity_lines": [ 34.267696, 33.628858, 32.729468, 31.641593 ] }, { "date": "2023-09-01", "close": 34.605797, "volume": 13842863, "typical_volume": 20294206.4, "trend": 30.398907, "fair_value": 19.393391, "relative_strength": 19.2153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.720671, "energy": 45.374104, "activity_lines": [ 34.526244, 33.93825, 32.9673, 31.927482 ] }, { "date": "2023-09-08", "close": 39.528175, "volume": 51669459, "typical_volume": 20032974.0, "trend": 30.761252, "fair_value": 19.571822, "relative_strength": 31.634911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.060655, "energy": 73.974661, "activity_lines": [ 36.312885, 35.046054, 33.638842, 32.516467 ] }, { "date": "2023-09-15", "close": 44.400833, "volume": 66528508, "typical_volume": 21411940.75, "trend": 31.351335, "fair_value": 19.783023, "relative_strength": 42.76035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.839054, "energy": 86.623669, "activity_lines": [ 39.276256, 36.890251, 34.729214, 33.39644 ] }, { "date": "2023-09-22", "close": 45.991901, "volume": 110428237, "typical_volume": 25172069.5, "trend": 32.05324, "fair_value": 20.009646, "relative_strength": 49.07675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.732181, "energy": 89.161152, "activity_lines": [ 42.017539, 38.814001, 35.927642, 34.340993 ] }, { "date": "2023-09-29", "close": 46.141068, "volume": 35803963, "typical_volume": 26023539.2, "trend": 32.668672, "fair_value": 20.237226, "relative_strength": 47.21161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.247885, "energy": 90.520515, "activity_lines": [ 44.102506, 40.525307, 37.076396, 35.249885 ] }, { "date": "2023-10-06", "close": 45.146645, "volume": 33873465, "typical_volume": 26894630.25, "trend": 33.273819, "fair_value": 20.460581, "relative_strength": 41.515794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.892749, "energy": 85.353595, "activity_lines": [ 45.106869, 41.827997, 38.059552, 36.054915 ] }, { "date": "2023-10-13", "close": 42.909203, "volume": 16645345, "typical_volume": 27204335.55, "trend": 33.859903, "fair_value": 20.671129, "relative_strength": 31.785718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.341947, "energy": 69.234156, "activity_lines": [ 44.662696, 42.50149, 38.759499, 36.676553 ] }, { "date": "2023-10-20", "close": 40.174549, "volume": 14806568, "typical_volume": 27202564.85, "trend": 34.397288, "fair_value": 20.861691, "relative_strength": 23.016457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.178196, "energy": 49.124709, "activity_lines": [ 43.081569, 42.494258, 39.147001, 37.083949 ] }, { "date": "2023-10-27", "close": 39.428734, "volume": 20405738, "typical_volume": 27647373.05, "trend": 34.873889, "fair_value": 21.049007, "relative_strength": 22.23562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.427982, "energy": 30.841683, "activity_lines": [ 41.533589, 42.223053, 39.427061, 37.408559 ] }, { "date": "2023-11-03", "close": 40.273987, "volume": 11565198, "typical_volume": 27838567.95, "trend": 35.359069, "fair_value": 21.241434, "relative_strength": 22.15955, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.830105, "energy": 22.815918, "activity_lines": [ 40.704905, 42.032305, 39.749395, 37.756952 ] }, { "date": "2023-11-10", "close": 39.876221, "volume": 11759900, "typical_volume": 28029221.4, "trend": 35.78037, "fair_value": 21.427318, "relative_strength": 18.319805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.086392, "energy": 23.388366, "activity_lines": [ 40.13477, 41.671601, 39.986929, 38.048381 ] }, { "date": "2023-11-17", "close": 41.964504, "volume": 11250119, "typical_volume": 28218001.35, "trend": 36.178204, "fair_value": 21.626281, "relative_strength": 21.08184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.145471, "energy": 20.274454, "activity_lines": [ 40.612092, 41.59476, 40.372958, 38.447358 ] }, { "date": "2023-11-24", "close": 40.472878, "volume": 5098739, "typical_volume": 27183858.55, "trend": 36.351593, "fair_value": 21.800323, "relative_strength": 15.249371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.95927, "energy": 17.952167, "activity_lines": [ 40.655185, 41.202417, 40.56616, 38.724434 ] }, { "date": "2023-12-01", "close": 40.721478, "volume": 6587580, "typical_volume": 26194873.95, "trend": 36.62308, "fair_value": 21.975652, "relative_strength": 12.287493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.282019, "energy": 17.661501, "activity_lines": [ 40.761256, 40.926691, 40.746813, 39.006362 ] }, { "date": "2023-12-08", "close": 42.958923, "volume": 22446465, "typical_volume": 26681495.5, "trend": 37.013238, "fair_value": 22.163172, "relative_strength": 14.177387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.263391, "energy": 29.495124, "activity_lines": [ 41.526959, 41.1536, 41.10291, 39.415126 ] }, { "date": "2023-12-15", "close": 46.290226, "volume": 23069168, "typical_volume": 27236487.7, "trend": 37.542199, "fair_value": 22.377884, "relative_strength": 20.256372, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.138926, "energy": 48.856943, "activity_lines": [ 43.224101, 42.044057, 41.731762, 40.013641 ] }, { "date": "2023-12-22", "close": 42.859482, "volume": 26352469, "typical_volume": 28046502.1, "trend": 37.904548, "fair_value": 22.571218, "relative_strength": 11.571643, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.030755, "energy": 50.567326, "activity_lines": [ 43.350061, 42.28995, 41.970186, 40.356692 ] }, { "date": "2023-12-29", "close": 42.909203, "volume": 8553007, "typical_volume": 27323826.4, "trend": 38.250592, "fair_value": 22.763642, "relative_strength": 9.564061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.25039, "energy": 53.953002, "activity_lines": [ 43.43293, 42.545787, 42.165518, 40.679573 ] }, { "date": "2024-01-05", "close": 44.052784, "volume": 13700511, "typical_volume": 26778895.85, "trend": 38.672313, "fair_value": 22.96094, "relative_strength": 12.256515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.607505, "energy": 54.952286, "activity_lines": [ 43.73457, 42.959827, 42.42312, 41.053908 ] }, { "date": "2024-01-12", "close": 44.351109, "volume": 12545457, "typical_volume": 25846637.95, "trend": 39.136637, "fair_value": 23.163221, "relative_strength": 11.703427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.446058, "energy": 36.96352, "activity_lines": [ 43.913565, 43.344034, 42.667937, 41.420282 ] }, { "date": "2024-01-19", "close": 45.544411, "volume": 23861819, "typical_volume": 26347585.75, "trend": 39.678294, "fair_value": 23.374074, "relative_strength": 15.698768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.203287, "energy": 41.294791, "activity_lines": [ 44.397515, 43.871076, 42.981415, 41.833686 ] }, { "date": "2024-01-26", "close": 46.141068, "volume": 22137427, "typical_volume": 24870984.15, "trend": 40.17289, "fair_value": 23.588751, "relative_strength": 17.968915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.329455, "energy": 46.365724, "activity_lines": [ 45.130072, 44.403543, 43.29963, 42.250639 ] }, { "date": "2024-02-02", "close": 64.73671, "volume": 105436319, "typical_volume": 26816374.7, "trend": 41.235262, "fair_value": 23.914951, "relative_strength": 59.372313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.357523, "energy": 90.213373, "activity_lines": [ 51.842404, 48.241098, 45.357368, 43.835402 ] }, { "date": "2024-02-09", "close": 66.22834, "volume": 118701029, "typical_volume": 27230014.3, "trend": 42.349012, "fair_value": 24.250713, "relative_strength": 61.184184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.845537, "energy": 96.748769, "activity_lines": [ 57.596778, 51.908699, 47.460329, 45.447859 ] }, { "date": "2024-02-16", "close": 67.123314, "volume": 31000026, "typical_volume": 26989817.45, "trend": 43.466077, "fair_value": 24.560878, "relative_strength": 58.924989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.830057, "energy": 94.584012, "activity_lines": [ 62.171107, 55.27526, 49.552161, 47.046201 ] }, { "date": "2024-02-23", "close": 65.283638, "volume": 18308167, "typical_volume": 26211552.55, "trend": 44.545022, "fair_value": 24.867238, "relative_strength": 51.080852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.094718, "energy": 89.700215, "activity_lines": [ 64.614064, 57.867982, 51.36887, 48.453785 ] }, { "date": "2024-03-01", "close": 63.941174, "volume": 15464324, "typical_volume": 26152501.5, "trend": 45.582533, "fair_value": 25.168678, "relative_strength": 45.287472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.681846, "energy": 84.218648, "activity_lines": [ 65.293584, 59.871286, 52.961836, 49.70515 ] }, { "date": "2024-03-08", "close": 64.14006, "volume": 19006562, "typical_volume": 26362501.2, "trend": 46.616729, "fair_value": 25.470779, "relative_strength": 42.920907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.26024, "energy": 62.829308, "activity_lines": [ 64.852725, 61.527447, 54.47359, 50.90241 ] }, { "date": "2024-03-15", "close": 58.02438, "volume": 17437610, "typical_volume": 26214094.8, "trend": 47.370831, "fair_value": 25.741664, "relative_strength": 30.601816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.936419, "energy": 48.972603, "activity_lines": [ 62.413083, 61.68565, 55.288778, 51.638387 ] }, { "date": "2024-03-22", "close": 59.11824, "volume": 11106277, "typical_volume": 26191148.75, "trend": 48.177968, "fair_value": 26.021404, "relative_strength": 31.052818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.820979, "energy": 36.26584, "activity_lines": [ 60.884992, 61.788708, 56.119591, 52.396285 ] }, { "date": "2024-03-29", "close": 59.416565, "volume": 10153241, "typical_volume": 26110815.8, "trend": 49.004993, "fair_value": 26.288925, "relative_strength": 28.883043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.78744, "energy": 28.03215, "activity_lines": [ 59.990015, 61.677514, 56.889083, 53.121355 ] }, { "date": "2024-04-05", "close": 64.239502, "volume": 24288796, "typical_volume": 26762749.65, "trend": 49.828704, "fair_value": 26.582447, "relative_strength": 36.419924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.208088, "energy": 28.583176, "activity_lines": [ 61.093821, 62.190996, 58.024852, 54.104227 ] }, { "date": "2024-04-12", "close": 60.311543, "volume": 12979415, "typical_volume": 27156783.45, "trend": 50.359061, "fair_value": 26.860006, "relative_strength": 26.705812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.179414, "energy": 25.753735, "activity_lines": [ 60.868419, 61.661242, 58.680458, 54.780539 ] }, { "date": "2024-04-19", "close": 58.521584, "volume": 10228220, "typical_volume": 27338815.45, "trend": 50.776717, "fair_value": 27.132235, "relative_strength": 23.954272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.163913, "energy": 23.063682, "activity_lines": [ 60.301598, 60.886498, 59.071123, 55.307154 ] }, { "date": "2024-04-26", "close": 61.654011, "volume": 12899706, "typical_volume": 26861477.5, "trend": 51.293816, "fair_value": 27.415635, "relative_strength": 28.077777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.85217, "energy": 24.778397, "activity_lines": [ 60.745773, 60.821409, 59.675351, 56.008914 ] }, { "date": "2024-05-03", "close": 60.460709, "volume": 16699414, "typical_volume": 26542989.8, "trend": 51.804284, "fair_value": 27.687085, "relative_strength": 24.298852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.581783, "energy": 20.625679, "activity_lines": [ 60.623129, 60.638798, 60.076908, 56.600327 ] }, { "date": "2024-05-10", "close": 56.781353, "volume": 10057552, "typical_volume": 25728243.95, "trend": 52.266689, "fair_value": 27.925119, "relative_strength": 18.050497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.766137, "energy": 12.027293, "activity_lines": [ 59.204423, 59.874903, 60.060571, 56.921428 ] }, { "date": "2024-05-17", "close": 58.422146, "volume": 9541553, "typical_volume": 25777671.25, "trend": 52.874943, "fair_value": 28.173364, "relative_strength": 18.271112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.577525, "energy": 11.441774, "activity_lines": [ 58.829858, 59.539512, 60.134205, 57.318554 ] }, { "date": "2024-05-24", "close": 61.256241, "volume": 13074102, "typical_volume": 25746350.8, "trend": 53.602526, "fair_value": 28.441926, "relative_strength": 20.367603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.830084, "energy": 13.059914, "activity_lines": [ 59.525952, 59.823374, 60.403882, 57.859283 ] }, { "date": "2024-05-31", "close": 60.709309, "volume": 24744953, "typical_volume": 26356325.6, "trend": 54.283704, "fair_value": 28.704832, "relative_strength": 20.567903, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.315588, "energy": 12.499584, "activity_lines": [ 59.857424, 59.949032, 60.539549, 58.317785 ] }, { "date": "2024-06-07", "close": 60.013218, "volume": 29065542, "typical_volume": 26616511.75, "trend": 54.954937, "fair_value": 28.964812, "relative_strength": 14.427439, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.127098, "energy": 17.139678, "activity_lines": [ 60.019846, 59.919199, 60.531026, 58.687431 ] }, { "date": "2024-06-14", "close": 62.817478, "volume": 13259761, "typical_volume": 26172628.45, "trend": 55.650036, "fair_value": 29.250448, "relative_strength": 17.811251, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.66047, "energy": 25.205764, "activity_lines": [ 61.146854, 60.388384, 60.720675, 59.194692 ] }, { "date": "2024-06-21", "close": 60.749088, "volume": 9852303, "typical_volume": 21393427.65, "trend": 56.32591, "fair_value": 29.507465, "relative_strength": 12.790623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.158319, "energy": 20.90535, "activity_lines": [ 61.181991, 60.507353, 60.633924, 59.523663 ] }, { "date": "2024-06-28", "close": 59.297237, "volume": 7961257, "typical_volume": 15856439.05, "trend": 56.945102, "fair_value": 29.75579, "relative_strength": 7.006102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.720439, "energy": 15.502317, "activity_lines": [ 60.578048, 60.354394, 60.42789, 59.715362 ] }, { "date": "2024-07-05", "close": 58.770191, "volume": 6888263, "typical_volume": 14650850.9, "trend": 57.472144, "fair_value": 30.007494, "relative_strength": 4.068258, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.572672, "energy": 6.744713, "activity_lines": [ 59.929023, 60.091505, 60.204666, 59.83311 ] }, { "date": "2024-07-12", "close": 58.929298, "volume": 13679194, "typical_volume": 14419402.25, "trend": 57.893446, "fair_value": 30.262676, "relative_strength": 2.969948, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.179888, "energy": 7.74394, "activity_lines": [ 59.462308, 59.909978, 60.036373, 59.927119 ] }, { "date": "2024-07-19", "close": 63.230015, "volume": 42052651, "typical_volume": 15748818.6, "trend": 58.572464, "fair_value": 30.547884, "relative_strength": 9.565705, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.638191, "energy": 13.920676, "activity_lines": [ 60.501427, 60.538243, 60.30793, 60.271414 ] }, { "date": "2024-07-26", "close": 68.278038, "volume": 36326563, "typical_volume": 16614818.65, "trend": 59.418092, "fair_value": 30.862994, "relative_strength": 15.848013, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.557262, "energy": 40.784407, "activity_lines": [ 63.195718, 61.967082, 61.063637, 60.89758 ] }, { "date": "2024-08-02", "close": 66.382538, "volume": 27917222, "typical_volume": 17138799.25, "trend": 60.162417, "fair_value": 31.175476, "relative_strength": 12.252253, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.825924, "energy": 50.318386, "activity_lines": [ 64.756245, 62.872087, 61.619116, 61.346899 ] }, { "date": "2024-08-09", "close": 60.386757, "volume": 19489757, "typical_volume": 17557973.25, "trend": 60.696939, "fair_value": 31.454746, "relative_strength": 2.940756, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.318671, "energy": 39.490579, "activity_lines": [ 63.845825, 62.593745, 61.563768, 61.361373 ] }, { "date": "2024-08-16", "close": 58.042316, "volume": 6596434, "typical_volume": 17380132.9, "trend": 61.113535, "fair_value": 31.725746, "relative_strength": -2.171501, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.37121, "energy": 20.737049, "activity_lines": [ 62.046154, 61.895005, 61.279099, 61.190107 ] }, { "date": "2024-08-23", "close": 60.26704, "volume": 8521587, "typical_volume": 16591772.45, "trend": 61.584401, "fair_value": 32.0107, "relative_strength": -0.065552, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.720886, "energy": 4.64053, "activity_lines": [ 61.04719, 61.636594, 61.212852, 61.135494 ] }, { "date": "2024-08-30", "close": 59.419052, "volume": 5503841, "typical_volume": 16217993.75, "trend": 61.407146, "fair_value": 32.286224, "relative_strength": -3.521522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.39358, "energy": 20.705179, "activity_lines": [ 59.963095, 61.270376, 61.084762, 60.995794 ] }, { "date": "2024-09-06", "close": 56.725441, "volume": 4909230, "typical_volume": 15952044.25, "trend": 61.090383, "fair_value": 32.546939, "relative_strength": -6.68479, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.393442, "energy": 34.238759, "activity_lines": [ 58.571728, 60.438593, 60.704386, 60.693749 ] }, { "date": "2024-09-13", "close": 56.356319, "volume": 8241895, "typical_volume": 15719153.7, "trend": 60.731483, "fair_value": 32.79853, "relative_strength": -9.152905, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.201931, "energy": 50.851281, "activity_lines": [ 57.701127, 59.586457, 60.29741, 60.388326 ] }, { "date": "2024-09-20", "close": 54.191452, "volume": 5278509, "typical_volume": 15148108.45, "trend": 60.361743, "fair_value": 33.042694, "relative_strength": -13.95428, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.842568, "energy": 60.483509, "activity_lines": [ 56.3776, 58.384597, 59.709482, 59.966388 ] }, { "date": "2024-09-27", "close": 55.817596, "volume": 8462699, "typical_volume": 15068365.8, "trend": 60.090957, "fair_value": 33.292674, "relative_strength": -12.536093, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.176924, "energy": 57.041124, "activity_lines": [ 55.852845, 57.564542, 59.306279, 59.673217 ] }, { "date": "2024-10-04", "close": 52.814716, "volume": 3778734, "typical_volume": 14780224.85, "trend": 59.713446, "fair_value": 33.518183, "relative_strength": -13.262224, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.411305, "energy": 60.792053, "activity_lines": [ 54.62376, 56.333281, 58.621677, 59.203782 ] }, { "date": "2024-10-11", "close": 52.036564, "volume": 3522591, "typical_volume": 14302649.3, "trend": 59.513852, "fair_value": 33.737783, "relative_strength": -14.308209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.780163, "energy": 63.292523, "activity_lines": [ 53.57558, 55.241688, 57.889667, 58.7085 ] }, { "date": "2024-10-18", "close": 52.864601, "volume": 3578972, "typical_volume": 13244350.25, "trend": 59.305397, "fair_value": 33.966069, "relative_strength": -12.607876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.719529, "energy": 61.272088, "activity_lines": [ 53.116004, 54.561484, 57.280422, 58.279516 ] }, { "date": "2024-10-25", "close": 47.52726, "volume": 6206220, "typical_volume": 12101384.15, "trend": 58.909087, "fair_value": 34.16137, "relative_strength": -19.176894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.76398, "energy": 79.05362, "activity_lines": [ 51.110095, 53.04762, 56.200213, 57.519636 ] }, { "date": "2024-11-01", "close": 53.562943, "volume": 7294010, "typical_volume": 11803096.6, "trend": 58.553202, "fair_value": 34.393519, "relative_strength": -9.454326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.84437, "energy": 65.894404, "activity_lines": [ 51.56036, 52.822336, 55.754289, 57.174723 ] }, { "date": "2024-11-08", "close": 52.056519, "volume": 5887022, "typical_volume": 11604832.55, "trend": 58.278034, "fair_value": 34.619082, "relative_strength": -11.503795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.602374, "energy": 59.034801, "activity_lines": [ 51.658794, 52.44505, 55.208965, 56.755583 ] }, { "date": "2024-11-15", "close": 47.317757, "volume": 4745430, "typical_volume": 11444041.2, "trend": 57.904573, "fair_value": 34.817956, "relative_strength": -17.380102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.07398, "energy": 67.919016, "activity_lines": [ 50.228187, 51.340035, 54.253723, 56.048468 ] }, { "date": "2024-11-22", "close": 46.878799, "volume": 3883363, "typical_volume": 11293796.2, "trend": 57.412066, "fair_value": 35.020467, "relative_strength": -19.375567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.019538, "energy": 58.747789, "activity_lines": [ 48.965848, 50.326258, 53.313721, 55.337128 ] }, { "date": "2024-11-29", "close": 49.90163, "volume": 6003716, "typical_volume": 10910022.3, "trend": 57.060097, "fair_value": 35.241433, "relative_strength": -15.012384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.626772, "energy": 49.634235, "activity_lines": [ 49.110173, 50.034405, 52.718233, 54.852583 ] }, { "date": "2024-12-06", "close": 53.902138, "volume": 12237868, "typical_volume": 9419283.15, "trend": 56.964123, "fair_value": 35.480671, "relative_strength": -10.328916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.587583, "energy": 39.70318, "activity_lines": [ 50.429709, 50.547914, 52.546735, 54.648844 ] }, { "date": "2024-12-13", "close": 51.86697, "volume": 4488168, "typical_volume": 7827363.4, "trend": 56.745617, "fair_value": 35.713621, "relative_strength": -13.986894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.599953, "energy": 26.814419, "activity_lines": [ 51.048243, 50.726219, 52.22583, 54.319995 ] }, { "date": "2024-12-20", "close": 48.614681, "volume": 2731218, "typical_volume": 6568063.2, "trend": 56.324232, "fair_value": 35.927566, "relative_strength": -15.380205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.72553, "energy": 26.138046, "activity_lines": [ 50.595317, 50.33043, 51.673331, 53.795419 ] }, { "date": "2024-12-27", "close": 47.577141, "volume": 2094927, "typical_volume": 5698321.7, "trend": 55.886493, "fair_value": 36.133632, "relative_strength": -17.98691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.424516, "energy": 33.019508, "activity_lines": [ 49.710083, 49.808214, 51.106627, 53.23109 ] }, { "date": "2025-01-03", "close": 49.13345, "volume": 3318488, "typical_volume": 5534424.4, "trend": 55.523834, "fair_value": 36.346602, "relative_strength": -15.991066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.134176, "energy": 34.281835, "activity_lines": [ 49.297062, 49.665099, 50.749142, 52.79541 ] }, { "date": "2025-01-10", "close": 44.31488, "volume": 2526092, "typical_volume": 5234649.65, "trend": 54.907081, "fair_value": 36.527147, "relative_strength": -22.29376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.954033, "energy": 57.209388, "activity_lines": [ 47.329064, 48.616676, 49.975168, 52.072252 ] }, { "date": "2025-01-17", "close": 49.083569, "volume": 22885821, "typical_volume": 6103748.65, "trend": 54.51823, "fair_value": 36.738262, "relative_strength": -13.09121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.651459, "energy": 38.188672, "activity_lines": [ 47.589779, 48.603435, 49.731318, 51.696541 ] }, { "date": "2025-01-24", "close": 45.771427, "volume": 4775537, "typical_volume": 6097064.0, "trend": 54.06737, "fair_value": 36.925687, "relative_strength": -18.451022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.860574, "energy": 42.20478, "activity_lines": [ 46.932006, 48.04204, 49.221243, 51.132232 ] }, { "date": "2025-01-31", "close": 48.225605, "volume": 5276922, "typical_volume": 5948815.35, "trend": 53.715884, "fair_value": 37.127922, "relative_strength": -14.987051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.893136, "energy": 35.77646, "activity_lines": [ 47.281843, 47.954974, 48.99706, 50.755344 ] }, { "date": "2025-02-07", "close": 46.779034, "volume": 4683022, "typical_volume": 5919041.0, "trend": 53.310875, "fair_value": 37.326414, "relative_strength": -17.019906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.096576, "energy": 30.680917, "activity_lines": [ 47.106259, 47.580407, 48.673827, 50.307805 ] }, { "date": "2025-02-14", "close": 43.237438, "volume": 3373626, "typical_volume": 5664587.35, "trend": 52.644456, "fair_value": 37.502818, "relative_strength": -20.451118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.922298, "energy": 40.659162, "activity_lines": [ 45.907104, 46.618689, 48.048596, 49.657906 ] }, { "date": "2025-02-21", "close": 43.426987, "volume": 3303081, "typical_volume": 5640804.7, "trend": 51.816087, "fair_value": 37.687195, "relative_strength": -18.955172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.334942, "energy": 41.500596, "activity_lines": [ 44.842962, 45.885337, 47.501322, 49.06323 ] }, { "date": "2025-02-28", "close": 40.144775, "volume": 3370396, "typical_volume": 5633194.95, "trend": 50.941495, "fair_value": 37.849918, "relative_strength": -22.140216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.44263, "energy": 62.981457, "activity_lines": [ 43.061854, 44.708674, 46.686161, 48.310242 ] }, { "date": "2025-03-07", "close": 41.551437, "volume": 4684465, "typical_volume": 5688469.6, "trend": 50.313651, "fair_value": 38.019201, "relative_strength": -20.276881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.468353, "energy": 65.421792, "activity_lines": [ 42.124744, 43.941767, 46.061595, 47.704432 ] }, { "date": "2025-03-14", "close": 39.017448, "volume": 2163080, "typical_volume": 5486312.6, "trend": 49.679489, "fair_value": 38.170089, "relative_strength": -24.055577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.009347, "energy": 71.672084, "activity_lines": [ 40.787915, 42.823692, 45.249569, 46.975645 ] }, { "date": "2025-03-21", "close": 43.327225, "volume": 3763749, "typical_volume": 5309799.55, "trend": 49.114828, "fair_value": 38.351369, "relative_strength": -18.54968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.852685, "energy": 55.888482, "activity_lines": [ 41.405118, 42.67314, 44.888521, 46.565821 ] }, { "date": "2025-03-28", "close": 43.476871, "volume": 19661808, "typical_volume": 5998538.85, "trend": 48.583422, "fair_value": 38.532687, "relative_strength": -18.294974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.220018, "energy": 36.460828, "activity_lines": [ 42.066217, 42.567754, 44.590466, 46.202082 ] }, { "date": "2025-04-04", "close": 27.963669, "volume": 92227998, "typical_volume": 10372667.25, "trend": 47.624697, "fair_value": 38.606574, "relative_strength": -45.27844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.679323, "energy": 59.140106, "activity_lines": [ 37.552922, 39.743725, 42.855819, 44.871776 ] }, { "date": "2025-04-11", "close": 26.946081, "volume": 28534396, "typical_volume": 11605218.9, "trend": 46.644355, "fair_value": 38.674553, "relative_strength": -46.40245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.999112, "energy": 78.210881, "activity_lines": [ 33.512506, 37.058459, 41.116421, 43.537671 ] }, { "date": "2025-04-18", "close": 28.033503, "volume": 12534327, "typical_volume": 11931749.45, "trend": 45.772424, "fair_value": 38.752574, "relative_strength": -45.938728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.238783, "energy": 89.967001, "activity_lines": [ 30.808254, 34.957805, 39.575505, 42.336971 ] }, { "date": "2025-04-25", "close": 28.811655, "volume": 32723706, "typical_volume": 12956041.35, "trend": 44.872226, "fair_value": 38.83927, "relative_strength": -44.104859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.955185, "energy": 87.897043, "activity_lines": [ 29.095649, 33.339462, 38.212832, 41.242728 ] }, { "date": "2025-05-02", "close": 29.390282, "volume": 24185120, "typical_volume": 13940888.95, "trend": 44.091411, "fair_value": 38.931825, "relative_strength": -42.94328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.1878, "energy": 86.256363, "activity_lines": [ 28.543625, 32.08861, 37.024746, 40.243893 ] }, { "date": "2025-05-09", "close": 27.504755, "volume": 21682290, "typical_volume": 14888442.55, "trend": 43.273684, "fair_value": 39.018437, "relative_strength": -45.137911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.777348, "energy": 83.4765, "activity_lines": [ 28.302197, 30.750149, 35.764117, 39.173786 ] }, { "date": "2025-05-16", "close": 30.148483, "volume": 16549768, "typical_volume": 15611184.6, "trend": 42.51648, "fair_value": 39.11616, "relative_strength": -41.545295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.036459, "energy": 59.592498, "activity_lines": [ 28.972606, 30.122183, 34.855795, 38.326999 ] }, { "date": "2025-05-23", "close": 30.577467, "volume": 20574071, "typical_volume": 16473963.75, "trend": 41.951487, "fair_value": 39.217861, "relative_strength": -39.504468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.787178, "energy": 52.815769, "activity_lines": [ 29.572517, 29.779541, 34.071322, 37.55674 ] }, { "date": "2025-05-30", "close": 31.914295, "volume": 15376075, "typical_volume": 17116462.9, "trend": 41.229866, "fair_value": 39.328746, "relative_strength": -35.744568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.020309, "energy": 43.035323, "activity_lines": [ 30.448439, 29.833413, 33.502529, 36.909179 ] }, { "date": "2025-06-06", "close": 32.64257, "volume": 29975805, "typical_volume": 17470962.1, "trend": 40.582734, "fair_value": 39.446143, "relative_strength": -34.13926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.819914, "energy": 33.755279, "activity_lines": [ 31.360277, 30.227207, 33.062145, 36.35516 ] }, { "date": "2025-06-13", "close": 31.355621, "volume": 23770812, "typical_volume": 18420725.85, "trend": 40.050663, "fair_value": 39.564812, "relative_strength": -35.12131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.324596, "energy": 28.435944, "activity_lines": [ 31.626312, 30.583997, 32.577485, 35.759862 ] }, { "date": "2025-06-20", "close": 29.470095, "volume": 18069087, "typical_volume": 19060334.1, "trend": 39.470373, "fair_value": 39.664023, "relative_strength": -39.133951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.090909, "energy": 31.231137, "activity_lines": [ 31.007115, 30.536292, 31.981898, 35.077245 ] }, { "date": "2025-06-27", "close": 32.024033, "volume": 20195879, "typical_volume": 19835976.95, "trend": 38.874453, "fair_value": 39.781755, "relative_strength": -34.416206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.300288, "energy": 27.292026, "activity_lines": [ 31.284456, 30.907048, 31.718855, 34.596836 ] }, { "date": "2025-07-04", "close": 32.842094, "volume": 20897284, "typical_volume": 20712159.85, "trend": 38.172451, "fair_value": 39.900587, "relative_strength": -31.494768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.821879, "energy": 30.245009, "activity_lines": [ 31.738047, 31.353988, 31.603984, 34.207652 ] }, { "date": "2025-07-11", "close": 31.435432, "volume": 8974110, "typical_volume": 20995711.3, "trend": 37.4914, "fair_value": 40.011343, "relative_strength": -32.825171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.574973, "energy": 25.799865, "activity_lines": [ 31.660896, 31.47189, 31.404648, 33.773005 ] }, { "date": "2025-07-18", "close": 32.203609, "volume": 13621073, "typical_volume": 21508245.15, "trend": 36.944364, "fair_value": 40.123569, "relative_strength": -29.748525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.730879, "energy": 16.39725, "activity_lines": [ 31.920281, 31.692277, 31.335573, 33.431857 ] }, { "date": "2025-07-25", "close": 29.879124, "volume": 12645675, "typical_volume": 21906305.65, "trend": 36.35443, "fair_value": 40.221209, "relative_strength": -33.395734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.607916, "energy": 28.289883, "activity_lines": [ 31.348305, 31.404596, 31.082934, 32.976036 ] }, { "date": "2025-08-01", "close": 28.639999, "volume": 8921494, "typical_volume": 22244226.35, "trend": 35.671315, "fair_value": 40.309335, "relative_strength": -34.390285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.593812, "energy": 40.258211, "activity_lines": [ 30.336018, 30.896517, 30.767866, 32.47833 ] }, { "date": "2025-08-08", "close": 27.950001, "volume": 6269207, "typical_volume": 22369499.25, "trend": 35.125819, "fair_value": 40.393352, "relative_strength": -34.496459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.432973, "energy": 58.265469, "activity_lines": [ 29.319335, 30.29821, 30.4365, 31.980181 ] }, { "date": "2025-08-15", "close": 28.09, "volume": 2276640, "typical_volume": 21500240.85, "trend": 34.426034, "fair_value": 40.478581, "relative_strength": -33.997067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.080696, "energy": 71.339873, "activity_lines": [ 28.675457, 29.797436, 30.191692, 31.526257 ] }, { "date": "2025-08-22", "close": 28.83, "volume": 4850966, "typical_volume": 17131389.25, "trend": 33.86132, "fair_value": 40.565413, "relative_strength": -31.947849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.418061, "energy": 68.274672, "activity_lines": [ 28.501275, 29.513981, 30.090632, 31.165223 ] }, { "date": "2025-08-29", "close": 27.73, "volume": 4193840, "typical_volume": 15914361.45, "trend": 33.178133, "fair_value": 40.645508, "relative_strength": -32.426422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.763454, "energy": 66.424273, "activity_lines": [ 28.185333, 29.076447, 29.880684, 30.769654 ] }, { "date": "2025-09-05", "close": 28.58, "volume": 4443369, "typical_volume": 15509813.55, "trend": 32.571498, "fair_value": 40.72854, "relative_strength": -30.34049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.035484, "energy": 44.978102, "activity_lines": [ 28.296, 28.825096, 29.747955, 30.473 ] }, { "date": "2025-09-12", "close": 29.030001, "volume": 8092815, "typical_volume": 14278269.0, "trend": 32.097917, "fair_value": 40.81477, "relative_strength": -29.421564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.002185, "energy": 37.700542, "activity_lines": [ 28.560667, 28.718182, 29.655481, 30.244516 ] }, { "date": "2025-09-19", "close": 30.440001, "volume": 14251218, "typical_volume": 13781573.9, "trend": 31.665018, "fair_value": 40.91098, "relative_strength": -25.832911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.13826, "energy": 22.596029, "activity_lines": [ 29.223334, 28.936943, 29.696253, 30.137554 ] }, { "date": "2025-09-26", "close": 28.76, "volume": 7933280, "typical_volume": 13094123.4, "trend": 31.285525, "fair_value": 40.99705, "relative_strength": -27.180803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.24854, "energy": 19.744716, "activity_lines": [ 29.169334, 28.868348, 29.572027, 29.950133 ] }, { "date": "2025-10-03", "close": 29.940001, "volume": 10169443, "typical_volume": 12775107.15, "trend": 30.898477, "fair_value": 41.090997, "relative_strength": -24.094554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.629819, "energy": 16.480745, "activity_lines": [ 29.513334, 29.07691, 29.554204, 29.863325 ] }, { "date": "2025-10-10", "close": 30.200001, "volume": 16270384, "typical_volume": 12559922.8, "trend": 30.604562, "fair_value": 41.190066, "relative_strength": -23.79642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.139062, "energy": 13.89957, "activity_lines": [ 29.796667, 29.331637, 29.562136, 29.818262 ] }, { "date": "2025-10-17", "close": 29.6, "volume": 16612665, "typical_volume": 12621752.3, "trend": 30.146988, "fair_value": 41.280578, "relative_strength": -25.653581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.598962, "energy": 11.796314, "activity_lines": [ 29.772001, 29.44891, 29.514722, 29.753452 ] }, { "date": "2025-10-24", "close": 30.76, "volume": 20476428, "typical_volume": 12146783.45, "trend": 29.723092, "fair_value": 41.374443, "relative_strength": -22.249108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.148203, "energy": 18.739346, "activity_lines": [ 30.096, 29.747091, 29.588805, 29.793001 ] }, { "date": "2025-10-31", "close": 31.27, "volume": 20094841, "typical_volume": 11962984.9, "trend": 29.833303, "fair_value": 41.457761, "relative_strength": -19.7411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.298953, "energy": 25.751591, "activity_lines": [ 30.568667, 30.089455, 29.720424, 29.892802 ] }, { "date": "2025-11-07", "close": 31.01, "volume": 14130261, "typical_volume": 11766043.6, "trend": 29.968767, "fair_value": 41.540982, "relative_strength": -18.721715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.832546, "energy": 30.269244, "activity_lines": [ 30.787333, 30.340182, 29.827689, 29.968718 ] }, { "date": "2025-11-14", "close": 30.139999, "volume": 7344530, "typical_volume": 11123476.15, "trend": 30.038984, "fair_value": 41.6158, "relative_strength": -21.420024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.698629, "energy": 26.613593, "activity_lines": [ 30.644666, 30.373091, 29.844763, 29.979765 ] }, { "date": "2025-11-21", "close": 29.74, "volume": 12780167, "typical_volume": 10717620.3, "trend": 30.069929, "fair_value": 41.672667, "relative_strength": -22.103348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.756449, "energy": 9.872296, "activity_lines": [ 30.372666, 30.304909, 29.832715, 29.960475 ] }, { "date": "2025-11-28", "close": 29.879999, "volume": 6927834, "typical_volume": 10615306.5, "trend": 30.086253, "fair_value": 41.718184, "relative_strength": -21.179231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.813754, "energy": 3.463493, "activity_lines": [ 30.137999, 30.249272, 29.848771, 29.948222 ] }, { "date": "2025-12-05", "close": 28.299999, "volume": 8763624, "typical_volume": 10372434.05, "trend": 30.112761, "fair_value": 41.687314, "relative_strength": -24.188036, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.990141, "energy": 24.721304, "activity_lines": [ 29.435333, 29.916545, 29.721758, 29.83298 ] }, { "date": "2025-12-12", "close": 27.709999, "volume": 7746918, "typical_volume": 10127496.2, "trend": 30.031478, "fair_value": 41.610583, "relative_strength": -24.319169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.449128, "energy": 39.85117, "activity_lines": [ 28.733999, 29.484909, 29.557143, 29.677963 ] }, { "date": "2025-12-19", "close": 26.25, "volume": 7692217, "typical_volume": 10066032.35, "trend": 29.887229, "fair_value": 41.581331, "relative_strength": -27.036077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.976321, "energy": 66.481912, "activity_lines": [ 27.765999, 28.828363, 29.263809, 29.433997 ] }, { "date": "2025-12-26", "close": 26.84, "volume": 4290075, "typical_volume": 9967075.75, "trend": 29.718086, "fair_value": 41.541416, "relative_strength": -24.601269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.316085, "energy": 71.068017, "activity_lines": [ 27.254, 28.350909, 29.038047, 29.237401 ] }, { "date": "2026-01-02", "close": 29.389999, "volume": 18189557, "typical_volume": 10762721.6, "trend": 29.609667, "fair_value": 41.529466, "relative_strength": -17.25216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.390464, "energy": 55.694046, "activity_lines": [ 27.785333, 28.387272, 29.060428, 29.216234 ] }, { "date": "2026-01-09", "close": 27.09, "volume": 11296218, "typical_volume": 11084984.2, "trend": 29.46748, "fair_value": 41.505285, "relative_strength": -20.868017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.358495, "energy": 51.737666, "activity_lines": [ 27.582666, 28.030363, 28.857571, 29.053675 ] }, { "date": "2026-01-16", "close": 28.99, "volume": 7776833, "typical_volume": 11264133.85, "trend": 29.451476, "fair_value": 41.490457, "relative_strength": -14.13148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.955931, "energy": 25.648809, "activity_lines": [ 28.094, 28.094909, 28.843952, 29.02287 ] }, { "date": "2026-01-23", "close": 26.92, "volume": 10311241, "typical_volume": 11557527.45, "trend": 29.281342, "fair_value": 41.484969, "relative_strength": -17.106493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.715528, "energy": 24.555401, "activity_lines": [ 27.83, 27.819818, 28.62719, 28.859549 ] }, { "date": "2026-01-30", "close": 27.85, "volume": 6087619, "typical_volume": 11457267.65, "trend": 29.114939, "fair_value": 41.484815, "relative_strength": -13.9495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.05311, "energy": 23.519186, "activity_lines": [ 27.831333, 27.772363, 28.506905, 28.767204 ] }, { "date": "2026-02-06", "close": 27.1, "volume": 6543123, "typical_volume": 11071862.9, "trend": 28.970424, "fair_value": 41.474829, "relative_strength": -16.31057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.53853, "energy": 28.954371, "activity_lines": [ 27.515333, 27.622909, 28.320809, 28.637208 ] }, { "date": "2026-02-13", "close": 26.969999, "volume": 5645764, "typical_volume": 10957487.1, "trend": 28.795971, "fair_value": 41.47657, "relative_strength": -14.910606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.490811, "energy": 41.218519, "activity_lines": [ 27.308666, 27.500363, 28.138238, 28.508148 ] }, { "date": "2026-02-20", "close": 27.280001, "volume": 10576717, "typical_volume": 10977850.8, "trend": 28.709333, "fair_value": 41.491604, "relative_strength": -13.14455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.800554, "energy": 34.900912, "activity_lines": [ 27.213333, 27.458364, 27.993714, 28.410344 ] }, { "date": "2026-02-27", "close": 26.65, "volume": 29536810, "typical_volume": 11641172.1, "trend": 28.643, "fair_value": 41.485013, "relative_strength": -12.795099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.959135, "energy": 39.803098, "activity_lines": [ 27.022, 27.309636, 27.801857, 28.277484 ] }, { "date": "2026-03-06", "close": 24.93, "volume": 9436910, "typical_volume": 11282384.35, "trend": 28.542333, "fair_value": 41.471794, "relative_strength": -14.884103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.173161, "energy": 57.000174, "activity_lines": [ 26.275333, 26.840909, 27.463095, 28.037935 ] }, { "date": "2026-03-13", "close": 23.6, "volume": 9874952, "typical_volume": 10752310.55, "trend": 28.392667, "fair_value": 41.460725, "relative_strength": -13.903881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.758116, "energy": 73.155477, "activity_lines": [ 25.28, 26.165091, 27.019905, 27.719075 ] }, { "date": "2026-03-20", "close": 22.959999, "volume": 9141642, "typical_volume": 10204650.6, "trend": 28.197, "fair_value": 41.453719, "relative_strength": -14.91453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.343691, "energy": 82.284664, "activity_lines": [ 24.304666, 25.478182, 26.549857, 27.36858 ] }, { "date": "2026-03-27", "close": 21.93, "volume": 9954064, "typical_volume": 9995840.75, "trend": 28.003667, "fair_value": 41.433202, "relative_strength": -16.459899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.113614, "energy": 87.006142, "activity_lines": [ 23.253333, 24.679091, 26.021286, 26.964258 ] }, { "date": "2026-04-03", "close": 22.360001, "volume": 7712926, "typical_volume": 10014260.55, "trend": 27.796333, "fair_value": 41.411672, "relative_strength": -14.082879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.541422, "energy": 85.911908, "activity_lines": [ 22.702, 24.086546, 25.576905, 26.60015 ] }, { "date": "2026-04-10", "close": 24.59, "volume": 9428822, "typical_volume": 9846693.3, "trend": 27.648333, "fair_value": 41.394703, "relative_strength": -10.531601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.362378, "energy": 73.446859, "activity_lines": [ 23.18, 23.982364, 25.381952, 26.39329 ] }, { "date": "2026-04-17", "close": 25.24, "volume": 6061597, "typical_volume": 9803381.45, "trend": 27.475, "fair_value": 41.364001, "relative_strength": -9.096495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.531922, "energy": 47.662915, "activity_lines": [ 23.897333, 24.055636, 25.273429, 26.237914 ] }, { "date": "2026-04-24", "close": 24.84, "volume": 6873396, "typical_volume": 9708870.05, "trend": 27.344333, "fair_value": 41.297135, "relative_strength": -8.586238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.551508, "energy": 31.304435, "activity_lines": [ 24.372, 24.09, 25.148905, 26.067914 ] }, { "date": "2026-05-01", "close": 24.93, "volume": 9428224, "typical_volume": 9792935.35, "trend": 27.177333, "fair_value": 41.248116, "relative_strength": -8.37501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.927496, "energy": 26.463489, "activity_lines": [ 24.751333, 24.179455, 25.049429, 25.91215 ] }, { "date": "2026-05-08", "close": 25.059999, "volume": 11752485, "typical_volume": 9995948.75, "trend": 27.006, "fair_value": 41.20841, "relative_strength": -8.408155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.098573, "energy": 24.519018, "activity_lines": [ 24.974, 24.335273, 24.975571, 25.775548 ] }, { "date": "2026-05-15", "close": 23.67, "volume": 6402287, "typical_volume": 10101559.35, "trend": 26.808333, "fair_value": 41.165132, "relative_strength": -11.23199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.999126, "energy": 24.072561, "activity_lines": [ 24.553333, 24.267273, 24.775, 25.560322 ] }, { "date": "2026-05-22", "close": 23.639999, "volume": 3893992, "typical_volume": 9386781.1, "trend": 26.571, "fair_value": 41.111612, "relative_strength": -11.274299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.730171, "energy": 33.083706, "activity_lines": [ 24.183999, 24.216727, 24.586666, 25.355914 ] }, { "date": "2026-05-29", "close": 23.98, "volume": 4877479, "typical_volume": 9065844.15, "trend": 26.328, "fair_value": 41.056818, "relative_strength": -8.919843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.248986, "energy": 35.371962, "activity_lines": [ 24.034666, 24.227272, 24.458095, 25.188753 ] }, { "date": "2026-06-05", "close": 23.68, "volume": 1580403, "typical_volume": 8756022.65, "trend": 26.083666, "fair_value": 41.007324, "relative_strength": -8.904691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.407189, "energy": 41.424285, "activity_lines": [ 23.842666, 24.164727, 24.315762, 25.017914 ] }, { "date": "2026-06-12", "close": 24.02, "volume": 2147540, "typical_volume": 8347837.6, "trend": 25.879666, "fair_value": 40.966289, "relative_strength": -8.199475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.641894, "energy": 36.632495, "activity_lines": [ 23.847333, 24.132182, 24.231095, 24.884774 ] }, { "date": "2026-06-19", "close": 24.696075, "volume": 1900659, "typical_volume": 8138489.6, "trend": 25.711536, "fair_value": 40.936811, "relative_strength": -6.914838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.599693, "energy": 26.985911, "activity_lines": [ 24.146692, 24.192377, 24.224626, 24.808413 ] }, { "date": "2026-06-26", "close": 24.243298, "volume": 0, "typical_volume": 7811333.45, "trend": 25.523646, "fair_value": 40.891555, "relative_strength": -8.399679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.584509, "energy": 20.642038, "activity_lines": [ 24.226719, 24.168321, 24.190054, 24.713688 ] }, { "date": "2026-07-03", "close": 24.361414, "volume": 1083746, "typical_volume": 7583232.55, "trend": 25.392359, "fair_value": 40.837041, "relative_strength": -8.309567, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.476749, "energy": 12.151949, "activity_lines": [ 24.305899, 24.183862, 24.180335, 24.638706 ] }, { "date": "2026-07-10", "close": 24.597645, "volume": 7603500, "typical_volume": 7434571.7, "trend": 25.288614, "fair_value": 40.784361, "relative_strength": -6.793083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.281773, "energy": 12.380179, "activity_lines": [ 24.438395, 24.251056, 24.205535, 24.587434 ] }, { "date": "2026-07-17", "close": 24.3811, "volume": 6113489, "typical_volume": 6263405.65, "trend": 25.226318, "fair_value": 40.725192, "relative_strength": -7.628284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.552584, "energy": 9.532303, "activity_lines": [ 24.437533, 24.284921, 24.222885, 24.528884 ] }, { "date": "2026-07-24", "close": 23.77, "volume": 9109995, "typical_volume": 6247059.9, "trend": 25.123984, "fair_value": 40.666569, "relative_strength": -7.462804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.051091, "energy": 18.155694, "activity_lines": [ 24.208897, 24.22002, 24.19284, 24.434928 ] }, { "date": "2026-07-31", "close": 23.16, "volume": 6948691, "typical_volume": 6100746.85, "trend": 24.916318, "fair_value": 40.604672, "relative_strength": -11.776708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.522095, "energy": 34.783027, "activity_lines": [ 23.838667, 24.042393, 24.110223, 24.30822 ] }, { "date": "2026-08-07", "close": 23.790001, "volume": 5187968, "typical_volume": 5903063.15, "trend": 24.806318, "fair_value": 40.544902, "relative_strength": -9.778287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.643734, "energy": 36.74357, "activity_lines": [ 23.750657, 23.988038, 24.089702, 24.235554 ] } ], "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." } } }