{ "ticker": { "uuid": "79ab15d1-749c-4488-b3b3-df947f6bb96b", "symbol": "HRL", "name": "Hormel Foods Corporation", "exchange": "VIE", "country": "AT", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^ATX", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 60.877, "architecture_energy": 50.975, "architecture_maturity": 29.347, "architecture_confidence": 59.017, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 21.97, "rotation_up": 55.94, "upward_expansion": 78.71, "deceleration": 68.22, "rotation_down": 20.12, "downward_expansion": 7.71 }, "activity_lines": [ 21.967834, 21.855049, 20.8345, 20.399942 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 21.790001, "trend_reference": 20.111541, "distance_from_trend": 0.083458, "trend_direction": "Improving", "fair_value": 24.586424, "distance_from_fair_value": -0.113739, "fair_value_direction": "Improving", "relative_strength": -11.87807, "relative_strength_direction": "Improving", "price_momentum": 0.039913, "excess_performance": -0.134334, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083458, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038079, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.113739, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.199726, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.118781, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.183798, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.039913, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 10.635, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 10.635, "dry_up": 0.755668, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.050883, "annualized_volatility": 0.34681, "from_high_reference": -0.091022, "from_low_reference": 0.283652 }, "levels": { "trend_reference": 20.111541, "fair_value_reference": 24.586424, "structural_low": 16.975, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.033393, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.046251, "regime_survival": 0.571429, "best_return": 0.146223, "worst_return": -0.131299, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.082224, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.118443, "regime_survival": 0.166667, "best_return": 0.122291, "worst_return": -0.128843, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.105788, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.115616, "regime_survival": 0.2, "best_return": 0.09903, "worst_return": -0.130866, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.17708, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.225159, "regime_survival": 0.0, "best_return": 0.200786, "worst_return": -0.205856, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-31", "end": "2024-07-19", "tenure": "Developing", "return": 0.030855, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-08-09", "tenure": "New", "return": -0.006794, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": -0.022595, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-10-18", "tenure": "Developing", "return": 0.016935, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-12-06", "tenure": "Developing", "return": 0.069037, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-10", "tenure": "Developing", "return": -0.056916, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": -0.065704, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.026203, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2026-01-16", "tenure": "Extended", "return": -0.190006, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-04-03", "tenure": "Developing", "return": -0.081244, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.009747, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-06-12", "tenure": "Developing", "return": 0.119039, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-07-03", "tenure": "New", "return": 0.046534, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.040716, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 32.140427, "volume": 0, "typical_volume": 39.75, "trend": 32.907689, "fair_value": 35.11317, "relative_strength": -9.489725, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.373176, "energy": 15.559318, "activity_lines": [ 32.564844, 32.350882, 32.346722, 32.405039 ] }, { "date": "2023-08-25", "close": 32.290535, "volume": 0, "typical_volume": 39.75, "trend": 32.792389, "fair_value": 35.097189, "relative_strength": -7.815995, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.114639, "energy": 13.296838, "activity_lines": [ 32.485377, 32.33721, 32.350532, 32.365223 ] }, { "date": "2023-09-01", "close": 31.548828, "volume": 42, "typical_volume": 39.35, "trend": 32.641932, "fair_value": 35.073226, "relative_strength": -11.35796, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.868318, "energy": 23.644775, "activity_lines": [ 32.137483, 32.207828, 32.28258, 32.284993 ] }, { "date": "2023-09-08", "close": 30.400953, "volume": 0, "typical_volume": 39.35, "trend": 32.440317, "fair_value": 35.046864, "relative_strength": -13.264436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.062581, "energy": 61.104891, "activity_lines": [ 31.494084, 31.891542, 32.104592, 32.140414 ] }, { "date": "2023-09-15", "close": 31.902025, "volume": 0, "typical_volume": 39.35, "trend": 32.271495, "fair_value": 35.033747, "relative_strength": -9.546062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.939681, "energy": 50.193772, "activity_lines": [ 31.498795, 31.878582, 32.075774, 32.105685 ] }, { "date": "2023-09-22", "close": 32.528938, "volume": 0, "typical_volume": 39.35, "trend": 32.120092, "fair_value": 35.023047, "relative_strength": -6.293228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -12.822251, "energy": 24.316406, "activity_lines": [ 31.789589, 31.975871, 32.106309, 32.122294 ] }, { "date": "2023-09-29", "close": 32.016811, "volume": 0, "typical_volume": 39.35, "trend": 32.071885, "fair_value": 35.008749, "relative_strength": -7.251708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.739181, "energy": 17.053519, "activity_lines": [ 31.883774, 31.955001, 32.088778, 32.115631 ] }, { "date": "2023-10-06", "close": 30.551064, "volume": 0, "typical_volume": 39.35, "trend": 32.019448, "fair_value": 34.986289, "relative_strength": -9.41623, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.256815, "energy": 30.67217, "activity_lines": [ 31.507625, 31.666829, 31.933465, 32.017514 ] }, { "date": "2023-10-13", "close": 26.518526, "volume": 0, "typical_volume": 39.35, "trend": 31.856792, "fair_value": 34.929658, "relative_strength": -21.197526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.182999, "energy": 79.784575, "activity_lines": [ 29.853815, 30.687369, 31.400014, 31.662615 ] }, { "date": "2023-10-20", "close": 26.883745, "volume": 0, "typical_volume": 8.45, "trend": 31.712685, "fair_value": 34.882361, "relative_strength": -16.331432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.740703, "energy": 92.395741, "activity_lines": [ 28.580572, 29.885199, 30.923792, 31.341774 ] }, { "date": "2023-10-27", "close": 26.571972, "volume": 0, "typical_volume": 3.45, "trend": 31.540798, "fair_value": 34.829925, "relative_strength": -16.201888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.474031, "energy": 93.000211, "activity_lines": [ 27.537957, 29.138614, 30.447887, 31.010115 ] }, { "date": "2023-11-03", "close": 27.56074, "volume": 0, "typical_volume": 3.4, "trend": 31.391002, "fair_value": 34.785569, "relative_strength": -16.956803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.86563, "energy": 87.928494, "activity_lines": [ 27.222063, 28.673051, 30.097145, 30.753337 ] }, { "date": "2023-11-10", "close": 27.044083, "volume": 0, "typical_volume": 2.4, "trend": 31.24585, "fair_value": 34.72856, "relative_strength": -18.393054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.536631, "energy": 86.876306, "activity_lines": [ 27.03102, 28.199546, 29.724734, 30.47289 ] }, { "date": "2023-11-17", "close": 26.563061, "volume": 1, "typical_volume": 2.45, "trend": 31.074443, "fair_value": 34.677387, "relative_strength": -20.917652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.749345, "energy": 83.369704, "activity_lines": [ 26.913436, 27.720487, 29.333672, 30.170775 ] }, { "date": "2023-11-24", "close": 26.705587, "volume": 1, "typical_volume": 2.25, "trend": 30.903698, "fair_value": 34.641192, "relative_strength": -19.339492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.992972, "energy": 65.048125, "activity_lines": [ 26.840392, 27.337121, 28.982424, 29.888913 ] }, { "date": "2023-12-01", "close": 25.342693, "volume": 276, "typical_volume": 16.05, "trend": 30.659197, "fair_value": 34.59882, "relative_strength": -24.266972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.760469, "energy": 70.125144, "activity_lines": [ 26.324927, 26.800438, 28.525142, 29.530139 ] }, { "date": "2023-12-08", "close": 26.367094, "volume": 10, "typical_volume": 16.55, "trend": 30.458188, "fair_value": 34.563041, "relative_strength": -20.674535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.773719, "energy": 63.245377, "activity_lines": [ 26.232881, 26.580668, 28.193083, 29.253229 ] }, { "date": "2023-12-15", "close": 25.663376, "volume": 0, "typical_volume": 16.55, "trend": 30.25387, "fair_value": 34.521484, "relative_strength": -23.256526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.461655, "energy": 66.154293, "activity_lines": [ 25.985838, 26.335671, 27.820697, 28.943886 ] }, { "date": "2023-12-22", "close": 25.805899, "volume": 300, "typical_volume": 31.55, "trend": 30.072994, "fair_value": 34.482926, "relative_strength": -23.019002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.011932, "energy": 64.969174, "activity_lines": [ 25.87835, 26.205455, 27.496133, 28.65692 ] }, { "date": "2023-12-29", "close": 25.574299, "volume": 0, "typical_volume": 31.5, "trend": 29.819275, "fair_value": 34.445575, "relative_strength": -23.673183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.145049, "energy": 63.488934, "activity_lines": [ 25.74414, 26.046087, 27.181946, 28.366682 ] }, { "date": "2024-01-05", "close": 26.171118, "volume": 30, "typical_volume": 33.0, "trend": 29.588955, "fair_value": 34.417919, "relative_strength": -21.152828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.088134, "energy": 57.271102, "activity_lines": [ 25.884289, 26.019039, 26.96024, 28.131317 ] }, { "date": "2024-01-12", "close": 26.104559, "volume": 0, "typical_volume": 33.0, "trend": 29.347655, "fair_value": 34.390501, "relative_strength": -20.049467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.197506, "energy": 59.686231, "activity_lines": [ 25.947023, 25.987178, 26.76062, 27.906517 ] }, { "date": "2024-01-19", "close": 25.241003, "volume": 0, "typical_volume": 30.9, "trend": 29.097428, "fair_value": 34.354864, "relative_strength": -20.924357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.760968, "energy": 64.714965, "activity_lines": [ 25.739407, 25.824783, 26.508214, 27.641572 ] }, { "date": "2024-01-26", "close": 25.591822, "volume": 0, "typical_volume": 30.9, "trend": 28.881381, "fair_value": 34.310558, "relative_strength": -21.902528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.376907, "energy": 59.016639, "activity_lines": [ 25.676889, 25.758956, 26.319256, 27.415404 ] }, { "date": "2024-02-02", "close": 25.375935, "volume": 28, "typical_volume": 32.3, "trend": 28.670695, "fair_value": 34.256104, "relative_strength": -21.705137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.672698, "energy": 71.923574, "activity_lines": [ 25.556681, 25.671536, 26.132639, 27.189246 ] }, { "date": "2024-02-09", "close": 24.269503, "volume": 31, "typical_volume": 33.85, "trend": 28.441295, "fair_value": 34.200612, "relative_strength": -22.765117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.215044, "energy": 71.165415, "activity_lines": [ 25.080886, 25.407122, 25.871723, 26.905298 ] }, { "date": "2024-02-16", "close": 24.161558, "volume": 80, "typical_volume": 37.85, "trend": 28.180925, "fair_value": 34.147165, "relative_strength": -23.6403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.239798, "energy": 75.977938, "activity_lines": [ 24.695884, 25.142594, 25.639858, 26.629186 ] }, { "date": "2024-02-23", "close": 25.232008, "volume": 0, "typical_volume": 37.85, "trend": 27.926804, "fair_value": 34.104246, "relative_strength": -19.194223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.327851, "energy": 60.219337, "activity_lines": [ 24.797232, 25.112795, 25.547346, 26.438933 ] }, { "date": "2024-03-01", "close": 27.786692, "volume": 325, "typical_volume": 54.1, "trend": 27.765786, "fair_value": 34.067874, "relative_strength": -10.618922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.811627, "energy": 22.062132, "activity_lines": [ 25.75074, 25.555326, 25.723466, 26.429894 ] }, { "date": "2024-03-08", "close": 28.119526, "volume": 0, "typical_volume": 54.1, "trend": 27.601146, "fair_value": 34.033503, "relative_strength": -9.35778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.636435, "energy": 24.531862, "activity_lines": [ 26.668869, 26.022358, 25.925246, 26.452716 ] }, { "date": "2024-03-15", "close": 27.804686, "volume": 0, "typical_volume": 54.1, "trend": 27.456621, "fair_value": 33.997327, "relative_strength": -10.848813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.368409, "energy": 37.381614, "activity_lines": [ 27.299146, 26.385869, 26.091157, 26.465848 ] }, { "date": "2024-03-22", "close": 28.443356, "volume": 0, "typical_volume": 54.1, "trend": 27.328382, "fair_value": 33.965802, "relative_strength": -10.716684, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.898152, "energy": 50.70496, "activity_lines": [ 27.906633, 26.835802, 26.312023, 26.529508 ] }, { "date": "2024-03-29", "close": 29.055037, "volume": 0, "typical_volume": 54.1, "trend": 27.245256, "fair_value": 33.938597, "relative_strength": -9.415995, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.0267, "energy": 73.181201, "activity_lines": [ 28.432561, 27.354425, 26.586941, 26.640905 ] }, { "date": "2024-04-05", "close": 28.929106, "volume": 0, "typical_volume": 54.05, "trend": 27.196194, "fair_value": 33.915733, "relative_strength": -10.222669, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.467458, "energy": 75.610119, "activity_lines": [ 28.661643, 27.780806, 26.84029, 26.74954 ] }, { "date": "2024-04-12", "close": 29.056755, "volume": 0, "typical_volume": 54.0, "trend": 27.101352, "fair_value": 33.893205, "relative_strength": -9.244759, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.067659, "energy": 74.718723, "activity_lines": [ 28.857114, 28.169717, 27.09453, 26.869577 ] }, { "date": "2024-04-19", "close": 29.074903, "volume": 0, "typical_volume": 40.2, "trend": 26.986217, "fair_value": 33.873146, "relative_strength": -8.432729, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.230533, "energy": 82.268599, "activity_lines": [ 28.996152, 28.495005, 27.339301, 26.996903 ] }, { "date": "2024-04-26", "close": 29.991434, "volume": 0, "typical_volume": 39.7, "trend": 26.918705, "fair_value": 33.860672, "relative_strength": -5.580836, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.658684, "energy": 85.812482, "activity_lines": [ 29.35602, 28.899563, 27.653589, 27.190787 ] }, { "date": "2024-05-03", "close": 29.419737, "volume": 0, "typical_volume": 39.7, "trend": 26.880994, "fair_value": 33.838654, "relative_strength": -8.093156, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.124037, "energy": 70.937884, "activity_lines": [ 29.422116, 29.094179, 27.896171, 27.352144 ] }, { "date": "2024-05-10", "close": 29.791794, "volume": 0, "typical_volume": 24.7, "trend": 26.990103, "fair_value": 33.821533, "relative_strength": -8.928254, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.471823, "energy": 73.256687, "activity_lines": [ 29.587919, 29.280301, 28.156299, 27.539938 ] }, { "date": "2024-05-17", "close": 30.027731, "volume": 121, "typical_volume": 30.75, "trend": 27.094902, "fair_value": 33.795983, "relative_strength": -9.369114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.005339, "energy": 71.418567, "activity_lines": [ 29.774854, 29.472864, 28.419917, 27.735914 ] }, { "date": "2024-05-24", "close": 29.356215, "volume": 0, "typical_volume": 29.25, "trend": 27.18771, "fair_value": 33.770404, "relative_strength": -10.875129, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.838614, "energy": 55.862224, "activity_lines": [ 29.673219, 29.508639, 28.598374, 27.881805 ] }, { "date": "2024-05-31", "close": 25.962328, "volume": 637, "typical_volume": 61.1, "trend": 27.13443, "fair_value": 33.718205, "relative_strength": -19.299165, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 10.110162, "energy": 15.678761, "activity_lines": [ 28.421535, 28.899133, 28.438437, 27.802748 ] }, { "date": "2024-06-07", "close": 25.944178, "volume": 20, "typical_volume": 62.1, "trend": 27.097766, "fair_value": 33.670433, "relative_strength": -18.091875, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -10.587616, "energy": 31.195605, "activity_lines": [ 27.432407, 28.331438, 28.277449, 27.725958 ] }, { "date": "2024-06-14", "close": 25.998627, "volume": 0, "typical_volume": 62.1, "trend": 27.078952, "fair_value": 33.622048, "relative_strength": -14.443041, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.872637, "energy": 51.950672, "activity_lines": [ 26.693133, 27.830203, 28.118298, 27.655046 ] }, { "date": "2024-06-21", "close": 25.898804, "volume": 14, "typical_volume": 61.4, "trend": 27.052059, "fair_value": 33.575696, "relative_strength": -15.465169, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.502629, "energy": 65.726609, "activity_lines": [ 26.173462, 27.3641, 27.947702, 27.578907 ] }, { "date": "2024-06-28", "close": 25.572121, "volume": 100, "typical_volume": 64.85, "trend": 27.059707, "fair_value": 33.523722, "relative_strength": -16.363705, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.750905, "energy": 77.392733, "activity_lines": [ 25.820159, 26.896018, 27.743504, 27.483427 ] }, { "date": "2024-07-05", "close": 25.218216, "volume": 0, "typical_volume": 60.85, "trend": 27.021411, "fair_value": 33.469616, "relative_strength": -19.105898, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.878622, "energy": 78.893976, "activity_lines": [ 25.601161, 26.427276, 27.499398, 27.364621 ] }, { "date": "2024-07-12", "close": 25.826206, "volume": 0, "typical_volume": 60.85, "trend": 27.026839, "fair_value": 33.415535, "relative_strength": -16.554328, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.904325, "energy": 62.896115, "activity_lines": [ 25.634433, 26.155863, 27.308164, 27.287511 ] }, { "date": "2024-07-19", "close": 26.763386, "volume": 393, "typical_volume": 64.25, "trend": 27.058755, "fair_value": 33.370851, "relative_strength": -12.174478, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.018198, "energy": 40.244108, "activity_lines": [ 25.987963, 26.120184, 27.203356, 27.270514 ] }, { "date": "2024-07-26", "close": 26.98336, "volume": 0, "typical_volume": 64.25, "trend": 27.105723, "fair_value": 33.331018, "relative_strength": -10.857685, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.654532, "energy": 24.775468, "activity_lines": [ 26.363834, 26.179562, 27.124371, 27.26565 ] }, { "date": "2024-08-02", "close": 27.001686, "volume": 0, "typical_volume": 64.25, "trend": 27.133409, "fair_value": 33.295497, "relative_strength": -6.586988, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.297086, "energy": 15.986051, "activity_lines": [ 26.67351, 26.297624, 27.052541, 27.258938 ] }, { "date": "2024-08-09", "close": 26.800047, "volume": 0, "typical_volume": 64.25, "trend": 27.156592, "fair_value": 33.257931, "relative_strength": -7.533056, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.42629, "energy": 17.394354, "activity_lines": [ 26.820669, 26.421834, 26.965331, 27.237431 ] }, { "date": "2024-08-16", "close": 26.772551, "volume": 0, "typical_volume": 64.25, "trend": 27.207644, "fair_value": 33.215133, "relative_strength": -8.671032, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.919957, "energy": 13.842361, "activity_lines": [ 26.853207, 26.525814, 26.883328, 27.212654 ] }, { "date": "2024-08-23", "close": 26.167624, "volume": 355, "typical_volume": 82.0, "trend": 27.226837, "fair_value": 33.178783, "relative_strength": -11.54328, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.107599, "energy": 21.766691, "activity_lines": [ 26.621013, 26.504745, 26.754582, 27.145556 ] }, { "date": "2024-08-30", "close": 26.781715, "volume": 0, "typical_volume": 82.0, "trend": 27.273696, "fair_value": 33.155028, "relative_strength": -9.846392, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.118654, "energy": 21.328535, "activity_lines": [ 26.633234, 26.592257, 26.69747, 27.116838 ] }, { "date": "2024-09-06", "close": 26.699224, "volume": 1775, "typical_volume": 170.75, "trend": 27.354687, "fair_value": 33.133918, "relative_strength": -5.891743, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.16647, "energy": 19.697099, "activity_lines": [ 26.6314, 26.648717, 26.643336, 27.079776 ] }, { "date": "2024-09-13", "close": 26.34177, "volume": 0, "typical_volume": 170.75, "trend": 27.427361, "fair_value": 33.111376, "relative_strength": -7.090864, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.781502, "energy": 24.182635, "activity_lines": [ 26.530579, 26.619694, 26.566471, 27.014426 ] }, { "date": "2024-09-20", "close": 26.158461, "volume": 42, "typical_volume": 172.85, "trend": 27.458243, "fair_value": 33.090994, "relative_strength": -7.368019, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.264447, "energy": 24.711656, "activity_lines": [ 26.399207, 26.536913, 26.489528, 26.932562 ] }, { "date": "2024-09-27", "close": 26.332603, "volume": 1, "typical_volume": 172.9, "trend": 27.409773, "fair_value": 33.070491, "relative_strength": -6.917111, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.254105, "energy": 24.88105, "activity_lines": [ 26.366822, 26.479753, 26.4447, 26.85994 ] }, { "date": "2024-10-04", "close": 25.929321, "volume": 0, "typical_volume": 166.85, "trend": 27.336766, "fair_value": 33.042616, "relative_strength": -6.759167, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.239391, "energy": 38.798013, "activity_lines": [ 26.189011, 26.357101, 26.377936, 26.764427 ] }, { "date": "2024-10-11", "close": 26.094299, "volume": 0, "typical_volume": 166.85, "trend": 27.279753, "fair_value": 33.011523, "relative_strength": -6.026694, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.500889, "energy": 37.250922, "activity_lines": [ 26.123019, 26.28361, 26.3464, 26.684268 ] }, { "date": "2024-10-18", "close": 27.235275, "volume": 0, "typical_volume": 135.0, "trend": 27.239484, "fair_value": 32.991479, "relative_strength": -1.928512, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.080433, "energy": 12.791692, "activity_lines": [ 26.47768, 26.434067, 26.439062, 26.681398 ] }, { "date": "2024-10-25", "close": 26.818691, "volume": 0, "typical_volume": 134.0, "trend": 27.164939, "fair_value": 32.963514, "relative_strength": -1.911661, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.968427, "energy": 8.197456, "activity_lines": [ 26.633913, 26.500868, 26.485987, 26.65425 ] }, { "date": "2024-11-01", "close": 26.337309, "volume": 0, "typical_volume": 134.0, "trend": 27.078546, "fair_value": 32.930297, "relative_strength": -1.889703, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.735375, "energy": 15.956311, "activity_lines": [ 26.58567, 26.479307, 26.482903, 26.600855 ] }, { "date": "2024-11-08", "close": 26.152161, "volume": 80, "typical_volume": 137.3, "trend": 26.981726, "fair_value": 32.892266, "relative_strength": -2.907159, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.643534, "energy": 17.224412, "activity_lines": [ 26.475398, 26.420996, 26.460572, 26.541088 ] }, { "date": "2024-11-15", "close": 25.93924, "volume": 0, "typical_volume": 132.3, "trend": 26.877204, "fair_value": 32.85444, "relative_strength": -3.652529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.485526, "energy": 23.883888, "activity_lines": [ 26.279295, 26.33542, 26.416756, 26.473831 ] }, { "date": "2024-11-22", "close": 27.374138, "volume": 200, "typical_volume": 142.3, "trend": 26.789961, "fair_value": 32.824188, "relative_strength": 2.464685, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.848044, "energy": 4.519555, "activity_lines": [ 26.571829, 26.524552, 26.50785, 26.505891 ] }, { "date": "2024-11-29", "close": 28.410967, "volume": 0, "typical_volume": 142.3, "trend": 26.756335, "fair_value": 32.80199, "relative_strength": 6.042563, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.828669, "energy": 41.864287, "activity_lines": [ 27.200716, 26.883427, 26.687423, 26.610472 ] }, { "date": "2024-12-06", "close": 28.670174, "volume": 838, "typical_volume": 164.55, "trend": 26.718948, "fair_value": 32.766402, "relative_strength": 5.667171, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.52858, "energy": 72.669875, "activity_lines": [ 27.809853, 27.248477, 26.879373, 26.733945 ] }, { "date": "2024-12-13", "close": 29.114529, "volume": 0, "typical_volume": 164.55, "trend": 26.688508, "fair_value": 32.720725, "relative_strength": 5.319651, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.478656, "energy": 83.09717, "activity_lines": [ 28.411584, 27.651817, 27.104564, 26.888499 ] }, { "date": "2024-12-20", "close": 28.1425, "volume": 0, "typical_volume": 164.55, "trend": 26.64805, "fair_value": 32.672768, "relative_strength": 3.386185, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.652999, "energy": 76.75683, "activity_lines": [ 28.491814, 27.820512, 27.227031, 26.982305 ] }, { "date": "2024-12-27", "close": 28.207302, "volume": 0, "typical_volume": 164.55, "trend": 26.722883, "fair_value": 32.621708, "relative_strength": 2.371513, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.007097, "energy": 73.381858, "activity_lines": [ 28.446761, 27.963749, 27.350238, 27.082902 ] }, { "date": "2025-01-03", "close": 28.309134, "volume": 100, "typical_volume": 169.55, "trend": 26.801715, "fair_value": 32.566049, "relative_strength": 2.135686, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.570425, "energy": 52.897167, "activity_lines": [ 28.380107, 28.107828, 27.476442, 27.185241 ] }, { "date": "2025-01-10", "close": 27.457453, "volume": 0, "typical_volume": 151.8, "trend": 26.850342, "fair_value": 32.508441, "relative_strength": -0.914444, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.029722, "energy": 27.490814, "activity_lines": [ 28.036349, 28.069957, 27.514216, 27.227546 ] }, { "date": "2025-01-17", "close": 27.176991, "volume": 1, "typical_volume": 151.85, "trend": 26.892948, "fair_value": 32.446529, "relative_strength": -5.186645, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.858116, "energy": 17.996747, "activity_lines": [ 27.679952, 27.960726, 27.519138, 27.248621 ] }, { "date": "2025-01-24", "close": 27.392012, "volume": 0, "typical_volume": 63.1, "trend": 26.953612, "fair_value": 32.394003, "relative_strength": -5.977385, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.292581, "energy": 19.401875, "activity_lines": [ 27.524397, 27.871957, 27.542656, 27.280818 ] }, { "date": "2025-01-31", "close": 27.148943, "volume": 0, "typical_volume": 63.1, "trend": 27.017969, "fair_value": 32.343786, "relative_strength": -7.191634, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.738205, "energy": 18.685981, "activity_lines": [ 27.337852, 27.712579, 27.539725, 27.29342 ] }, { "date": "2025-02-07", "close": 26.288855, "volume": 10, "typical_volume": 61.5, "trend": 27.033391, "fair_value": 32.283753, "relative_strength": -10.378734, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.266014, "energy": 25.267805, "activity_lines": [ 26.935168, 27.400916, 27.451037, 27.246381 ] }, { "date": "2025-02-14", "close": 25.391367, "volume": 25, "typical_volume": 62.7, "trend": 26.987657, "fair_value": 32.218511, "relative_strength": -17.588267, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.3282, "energy": 42.934841, "activity_lines": [ 26.368007, 26.964658, 27.276254, 27.140444 ] }, { "date": "2025-02-21", "close": 26.045784, "volume": 0, "typical_volume": 62.7, "trend": 26.956404, "fair_value": 32.151255, "relative_strength": -14.510466, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.97769, "energy": 51.401675, "activity_lines": [ 26.156723, 26.706999, 27.168278, 27.079678 ] }, { "date": "2025-02-28", "close": 25.503553, "volume": 0, "typical_volume": 62.7, "trend": 26.906466, "fair_value": 32.0577, "relative_strength": -17.855694, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.072292, "energy": 60.426167, "activity_lines": [ 25.84011, 26.406548, 27.008106, 26.985945 ] }, { "date": "2025-03-07", "close": 25.784018, "volume": 0, "typical_volume": 62.7, "trend": 26.872599, "fair_value": 31.969375, "relative_strength": -19.235481, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.012379, "energy": 58.741595, "activity_lines": [ 25.742883, 26.205071, 26.877458, 26.913529 ] }, { "date": "2025-03-14", "close": 25.363319, "volume": 190, "typical_volume": 72.2, "trend": 26.825624, "fair_value": 31.890064, "relative_strength": -20.220251, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.345125, "energy": 61.884202, "activity_lines": [ 25.596417, 25.971163, 26.713655, 26.816156 ] }, { "date": "2025-03-21", "close": 25.662483, "volume": 200, "typical_volume": 82.2, "trend": 26.808786, "fair_value": 31.80341, "relative_strength": -18.105976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.29394, "energy": 51.541343, "activity_lines": [ 25.611376, 25.845209, 26.585273, 26.741115 ] }, { "date": "2025-03-28", "close": 26.195364, "volume": 0, "typical_volume": 78.2, "trend": 26.789241, "fair_value": 31.716088, "relative_strength": -14.29408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.579314, "energy": 35.55605, "activity_lines": [ 25.785887, 25.848779, 26.510856, 26.701539 ] }, { "date": "2025-04-04", "close": 26.559969, "volume": 24, "typical_volume": 79.4, "trend": 26.7846, "fair_value": 31.620218, "relative_strength": -3.29307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.300081, "energy": 23.096029, "activity_lines": [ 26.07196, 25.936488, 26.470957, 26.686748 ] }, { "date": "2025-04-11", "close": 24.708904, "volume": 0, "typical_volume": 69.4, "trend": 26.730171, "fair_value": 31.507334, "relative_strength": -8.537058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.101299, "energy": 35.415134, "activity_lines": [ 25.670585, 25.702767, 26.251811, 26.552832 ] }, { "date": "2025-04-18", "close": 25.40839, "volume": 0, "typical_volume": 69.4, "trend": 26.705168, "fair_value": 31.395073, "relative_strength": -10.337743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.891437, "energy": 31.746451, "activity_lines": [ 25.574046, 25.640591, 26.111973, 26.467556 ] }, { "date": "2025-04-25", "close": 24.680546, "volume": 14, "typical_volume": 28.2, "trend": 26.6501, "fair_value": 31.278202, "relative_strength": -15.492627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.178959, "energy": 44.759968, "activity_lines": [ 25.231887, 25.462087, 25.917116, 26.336935 ] }, { "date": "2025-05-02", "close": 24.444235, "volume": 0, "typical_volume": 28.2, "trend": 26.600597, "fair_value": 31.167537, "relative_strength": -16.987683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.459514, "energy": 65.852463, "activity_lines": [ 24.87642, 25.253542, 25.71875, 26.194621 ] }, { "date": "2025-05-09", "close": 24.671093, "volume": 0, "typical_volume": 28.2, "trend": 26.553157, "fair_value": 31.047757, "relative_strength": -19.410524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.87829, "energy": 63.292147, "activity_lines": [ 24.713315, 25.115363, 25.56423, 26.070137 ] }, { "date": "2025-05-16", "close": 25.616346, "volume": 0, "typical_volume": 28.2, "trend": 26.499192, "fair_value": 30.965772, "relative_strength": -18.229216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.093788, "energy": 48.41875, "activity_lines": [ 24.991219, 25.164184, 25.516264, 26.009697 ] }, { "date": "2025-05-23", "close": 24.396971, "volume": 30, "typical_volume": 24.7, "trend": 26.418468, "fair_value": 30.874191, "relative_strength": -20.663712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.876763, "energy": 43.993131, "activity_lines": [ 24.802169, 24.994349, 25.364506, 25.87407 ] }, { "date": "2025-05-30", "close": 25.427296, "volume": 714, "typical_volume": 60.4, "trend": 26.388135, "fair_value": 30.804931, "relative_strength": -17.829355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.854491, "energy": 30.021932, "activity_lines": [ 25.023988, 25.029415, 25.329502, 25.810124 ] }, { "date": "2025-06-06", "close": 25.285507, "volume": 1, "typical_volume": 60.4, "trend": 26.359246, "fair_value": 30.728411, "relative_strength": -18.379026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.643125, "energy": 21.30404, "activity_lines": [ 25.148761, 25.042978, 25.290663, 25.738986 ] }, { "date": "2025-06-13", "close": 25.304413, "volume": 0, "typical_volume": 60.4, "trend": 26.338085, "fair_value": 30.654968, "relative_strength": -16.198979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.944398, "energy": 21.844676, "activity_lines": [ 25.223751, 25.076521, 25.262631, 25.670933 ] }, { "date": "2025-06-20", "close": 24.897955, "volume": 0, "typical_volume": 60.4, "trend": 26.255546, "fair_value": 30.571445, "relative_strength": -16.818162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.188252, "energy": 18.933969, "activity_lines": [ 25.121034, 25.058991, 25.20583, 25.578021 ] }, { "date": "2025-06-27", "close": 24.444235, "volume": 125, "typical_volume": 66.15, "trend": 26.123321, "fair_value": 30.481262, "relative_strength": -19.542698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.40503, "energy": 32.00328, "activity_lines": [ 24.91497, 24.955529, 25.116536, 25.461162 ] }, { "date": "2025-07-04", "close": 24.406424, "volume": 0, "typical_volume": 64.9, "trend": 25.981196, "fair_value": 30.378631, "relative_strength": -18.754047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.868769, "energy": 39.647588, "activity_lines": [ 24.693151, 24.862723, 25.032425, 25.350395 ] }, { "date": "2025-07-11", "close": 25.710871, "volume": 0, "typical_volume": 64.9, "trend": 25.867741, "fair_value": 30.281774, "relative_strength": -16.007967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.164327, "energy": 23.667028, "activity_lines": [ 24.974205, 25.012072, 25.077238, 25.332954 ] }, { "date": "2025-07-18", "close": 24.105734, "volume": 0, "typical_volume": 64.9, "trend": 25.733182, "fair_value": 30.17939, "relative_strength": -20.865083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.183442, "energy": 40.013875, "activity_lines": [ 24.691857, 24.846549, 24.970775, 25.219276 ] }, { "date": "2025-07-25", "close": 23.704449, "volume": 0, "typical_volume": 64.9, "trend": 25.583087, "fair_value": 30.065128, "relative_strength": -23.241856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.876544, "energy": 55.214013, "activity_lines": [ 24.355658, 24.618345, 24.832751, 25.08839 ] }, { "date": "2025-08-01", "close": 23.255392, "volume": 0, "typical_volume": 55.4, "trend": 25.414629, "fair_value": 29.949942, "relative_strength": -22.155376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.674438, "energy": 64.904708, "activity_lines": [ 23.949342, 24.343255, 24.661862, 24.938217 ] }, { "date": "2025-08-08", "close": 23.293608, "volume": 0, "typical_volume": 45.4, "trend": 25.275834, "fair_value": 29.832413, "relative_strength": -25.832119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.662691, "energy": 76.320882, "activity_lines": [ 23.63502, 24.095869, 24.50465, 24.801377 ] }, { "date": "2025-08-15", "close": 23.150293, "volume": 0, "typical_volume": 45.4, "trend": 25.141611, "fair_value": 29.702292, "relative_strength": -27.650351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.319388, "energy": 78.43862, "activity_lines": [ 23.347114, 23.861221, 24.34507, 24.664245 ] }, { "date": "2025-08-22", "close": 23.838211, "volume": 0, "typical_volume": 44.2, "trend": 25.023151, "fair_value": 29.571569, "relative_strength": -24.10227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.801328, "energy": 69.691285, "activity_lines": [ 23.459219, 23.790471, 24.265506, 24.580154 ] }, { "date": "2025-08-29", "close": 21.019665, "volume": 1154, "typical_volume": 101.9, "trend": 24.818842, "fair_value": 29.445961, "relative_strength": -30.04388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.498472, "energy": 81.760824, "activity_lines": [ 22.649644, 23.233916, 23.93047, 24.321865 ] }, { "date": "2025-09-05", "close": 20.943228, "volume": 0, "typical_volume": 101.9, "trend": 24.640654, "fair_value": 29.322341, "relative_strength": -29.44008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.610491, "energy": 87.678983, "activity_lines": [ 21.993575, 22.733978, 23.605722, 24.071825 ] }, { "date": "2025-09-12", "close": 20.484619, "volume": 0, "typical_volume": 101.2, "trend": 24.477096, "fair_value": 29.200875, "relative_strength": -31.137492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.826961, "energy": 91.715276, "activity_lines": [ 21.338781, 22.214311, 23.25856, 23.803694 ] }, { "date": "2025-09-19", "close": 20.369965, "volume": 9, "typical_volume": 101.65, "trend": 24.287902, "fair_value": 29.066615, "relative_strength": -30.647185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.608208, "energy": 91.606468, "activity_lines": [ 20.833035, 21.745103, 22.920459, 23.538718 ] }, { "date": "2025-09-26", "close": 20.045116, "volume": 400, "typical_volume": 121.65, "trend": 24.105954, "fair_value": 28.937238, "relative_strength": -31.523256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.749225, "energy": 90.865503, "activity_lines": [ 20.404361, 21.313939, 22.570821, 23.26499 ] }, { "date": "2025-10-03", "close": 20.006901, "volume": 0, "typical_volume": 121.65, "trend": 23.913383, "fair_value": 28.813426, "relative_strength": -32.512565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.572237, "energy": 89.19753, "activity_lines": [ 20.215822, 20.949657, 22.239572, 23.000535 ] }, { "date": "2025-10-10", "close": 19.643831, "volume": 40, "typical_volume": 122.15, "trend": 23.722734, "fair_value": 28.682614, "relative_strength": -31.825142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.796701, "energy": 88.590186, "activity_lines": [ 19.973777, 20.58659, 21.900456, 22.72508 ] }, { "date": "2025-10-17", "close": 20.012093, "volume": 100, "typical_volume": 91.45, "trend": 23.534387, "fair_value": 28.557846, "relative_strength": -28.508439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.797024, "energy": 81.28183, "activity_lines": [ 19.941113, 20.356144, 21.619048, 22.485684 ] }, { "date": "2025-10-24", "close": 19.769817, "volume": 0, "typical_volume": 91.4, "trend": 23.320203, "fair_value": 28.429891, "relative_strength": -29.988841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.837132, "energy": 66.751058, "activity_lines": [ 19.859191, 20.141312, 21.340351, 22.242808 ] }, { "date": "2025-10-31", "close": 18.098104, "volume": 876, "typical_volume": 135.2, "trend": 23.03814, "fair_value": 28.290417, "relative_strength": -37.060495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.22355, "energy": 74.173654, "activity_lines": [ 19.260042, 19.683996, 20.92871, 21.905899 ] }, { "date": "2025-11-07", "close": 18.432446, "volume": 0, "typical_volume": 135.2, "trend": 22.828925, "fair_value": 28.158845, "relative_strength": -34.434247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.971889, "energy": 70.358043, "activity_lines": [ 18.902141, 19.391835, 20.583226, 21.608757 ] }, { "date": "2025-11-14", "close": 18.665033, "volume": 90, "typical_volume": 133.45, "trend": 22.604147, "fair_value": 28.018741, "relative_strength": -34.226328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.111951, "energy": 67.128494, "activity_lines": [ 18.726733, 19.189002, 20.290682, 21.340119 ] }, { "date": "2025-11-21", "close": 19.236807, "volume": 0, "typical_volume": 133.45, "trend": 22.422689, "fair_value": 27.87995, "relative_strength": -30.448701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.856572, "energy": 65.545996, "activity_lines": [ 18.807169, 19.13155, 20.080112, 21.122871 ] }, { "date": "2025-11-28", "close": 19.488775, "volume": 0, "typical_volume": 133.45, "trend": 22.257507, "fair_value": 27.755315, "relative_strength": -31.699508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.304535, "energy": 64.297974, "activity_lines": [ 19.02328, 19.142598, 19.918156, 20.933586 ] }, { "date": "2025-12-05", "close": 20.283445, "volume": 476, "typical_volume": 157.25, "trend": 22.111252, "fair_value": 27.636744, "relative_strength": -28.96081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.213034, "energy": 43.272849, "activity_lines": [ 19.523017, 19.314153, 19.861512, 20.806228 ] }, { "date": "2025-12-12", "close": 20.021784, "volume": 0, "typical_volume": 157.25, "trend": 21.924766, "fair_value": 27.526489, "relative_strength": -29.186931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.916495, "energy": 29.637733, "activity_lines": [ 19.789845, 19.4338, 19.79815, 20.671423 ] }, { "date": "2025-12-19", "close": 19.7892, "volume": 0, "typical_volume": 157.25, "trend": 21.771174, "fair_value": 27.415658, "relative_strength": -30.791122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.726107, "energy": 28.59678, "activity_lines": [ 19.873189, 19.510889, 19.730173, 20.533645 ] }, { "date": "2025-12-26", "close": 19.711672, "volume": 0, "typical_volume": 157.25, "trend": 21.580653, "fair_value": 27.306406, "relative_strength": -30.243074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.719373, "energy": 25.469187, "activity_lines": [ 19.855745, 19.571238, 19.671318, 20.400774 ] }, { "date": "2026-01-02", "close": 19.391865, "volume": 0, "typical_volume": 157.25, "trend": 21.384198, "fair_value": 27.18594, "relative_strength": -31.707994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.010639, "energy": 25.924733, "activity_lines": [ 19.700042, 19.578903, 19.599063, 20.259561 ] }, { "date": "2026-01-09", "close": 19.057524, "volume": 0, "typical_volume": 157.25, "trend": 21.175969, "fair_value": 27.069689, "relative_strength": -32.548965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.055178, "energy": 35.355714, "activity_lines": [ 19.439352, 19.53265, 19.512862, 20.109453 ] }, { "date": "2026-01-16", "close": 20.786446, "volume": 0, "typical_volume": 99.55, "trend": 21.038918, "fair_value": 26.97444, "relative_strength": -26.414908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.649825, "energy": 9.027088, "activity_lines": [ 19.836698, 19.783303, 19.614086, 20.084323 ] }, { "date": "2026-01-23", "close": 20.402788, "volume": 0, "typical_volume": 99.55, "trend": 20.904204, "fair_value": 26.876063, "relative_strength": -27.486788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.499576, "energy": 7.33281, "activity_lines": [ 20.05518, 19.9214, 19.679882, 20.043282 ] }, { "date": "2026-01-30", "close": 20.147015, "volume": 100, "typical_volume": 104.55, "trend": 20.762223, "fair_value": 26.774041, "relative_strength": -28.566551, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.269462, "energy": 14.975534, "activity_lines": [ 20.147499, 19.981397, 19.723892, 19.994431 ] }, { "date": "2026-02-06", "close": 20.953682, "volume": 0, "typical_volume": 104.1, "trend": 20.60365, "fair_value": 26.674709, "relative_strength": -25.626617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.076902, "energy": 25.545689, "activity_lines": [ 20.479683, 20.171512, 19.846335, 20.006784 ] }, { "date": "2026-02-13", "close": 19.79287, "volume": 657, "typical_volume": 116.95, "trend": 20.459888, "fair_value": 26.564621, "relative_strength": -28.464015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.704492, "energy": 15.248443, "activity_lines": [ 20.32081, 20.123935, 19.855444, 19.954475 ] }, { "date": "2026-02-20", "close": 20.550348, "volume": 427, "typical_volume": 138.3, "trend": 20.354751, "fair_value": 26.458719, "relative_strength": -27.267928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.048993, "energy": 18.356472, "activity_lines": [ 20.365406, 20.223001, 19.937896, 19.960311 ] }, { "date": "2026-02-27", "close": 21.248806, "volume": 0, "typical_volume": 136.3, "trend": 20.287865, "fair_value": 26.380423, "relative_strength": -22.660989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.966519, "energy": 35.697888, "activity_lines": [ 20.658561, 20.439449, 20.08428, 20.017992 ] }, { "date": "2026-03-06", "close": 20.629047, "volume": 405, "typical_volume": 151.55, "trend": 20.199047, "fair_value": 26.306736, "relative_strength": -20.076321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.895126, "energy": 22.178252, "activity_lines": [ 20.688728, 20.516676, 20.163996, 20.040004 ] }, { "date": "2026-03-13", "close": 19.512501, "volume": 0, "typical_volume": 151.55, "trend": 20.077787, "fair_value": 26.230546, "relative_strength": -21.691247, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.151889, "energy": 9.112713, "activity_lines": [ 20.314578, 20.374214, 20.134437, 19.995711 ] }, { "date": "2026-03-20", "close": 19.010796, "volume": 0, "typical_volume": 107.75, "trend": 19.916873, "fair_value": 26.152365, "relative_strength": -21.952585, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.736755, "energy": 10.879738, "activity_lines": [ 19.869272, 20.13834, 20.058321, 19.926873 ] }, { "date": "2026-03-27", "close": 19.743681, "volume": 0, "typical_volume": 107.75, "trend": 19.87434, "fair_value": 26.075539, "relative_strength": -19.275264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.016559, "energy": 16.073175, "activity_lines": [ 19.720399, 20.036568, 20.047658, 19.915699 ] }, { "date": "2026-04-03", "close": 18.745184, "volume": 0, "typical_volume": 103.25, "trend": 19.801072, "fair_value": 25.990222, "relative_strength": -24.849741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -28.327892, "energy": 31.353791, "activity_lines": [ 19.292472, 19.77221, 19.935656, 19.84285 ] }, { "date": "2026-04-10", "close": 17.6975, "volume": 0, "typical_volume": 103.25, "trend": 19.708168, "fair_value": 25.902394, "relative_strength": -32.372504, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.52873, "energy": 63.24878, "activity_lines": [ 18.682225, 19.347502, 19.723493, 19.707136 ] }, { "date": "2026-04-17", "close": 17.870001, "volume": 12, "typical_volume": 103.85, "trend": 19.624836, "fair_value": 25.813706, "relative_strength": -32.35585, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.48807, "energy": 78.29447, "activity_lines": [ 18.324914, 18.998695, 19.535089, 19.588544 ] }, { "date": "2026-04-24", "close": 18.674999, "volume": 390, "typical_volume": 99.55, "trend": 19.579165, "fair_value": 25.729393, "relative_strength": -25.894084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.653429, "energy": 72.195392, "activity_lines": [ 18.345437, 18.852317, 19.43106, 19.527265 ] }, { "date": "2026-05-01", "close": 18.195, "volume": 0, "typical_volume": 99.55, "trend": 19.518769, "fair_value": 25.636555, "relative_strength": -27.417913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.231967, "energy": 69.824865, "activity_lines": [ 18.228346, 18.638993, 19.288975, 19.437964 ] }, { "date": "2026-05-08", "close": 17.535, "volume": 50, "typical_volume": 102.05, "trend": 19.448474, "fair_value": 25.541283, "relative_strength": -30.25783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.777323, "energy": 69.854117, "activity_lines": [ 17.9945, 18.348492, 19.092733, 19.309979 ] }, { "date": "2026-05-15", "close": 17.035, "volume": 50, "typical_volume": 104.55, "trend": 19.349238, "fair_value": 25.446681, "relative_strength": -31.083797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.567577, "energy": 74.276024, "activity_lines": [ 17.674667, 18.034607, 18.859606, 19.15427 ] }, { "date": "2026-05-22", "close": 18.315001, "volume": 0, "typical_volume": 104.55, "trend": 19.300744, "fair_value": 25.363879, "relative_strength": -26.588292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.089552, "energy": 58.836957, "activity_lines": [ 17.825667, 18.018795, 18.761129, 19.087546 ] }, { "date": "2026-05-29", "close": 20.290001, "volume": 1857, "typical_volume": 197.4, "trend": 19.373807, "fair_value": 25.281213, "relative_strength": -19.96702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.10677, "energy": 17.611008, "activity_lines": [ 18.605334, 18.383847, 18.855876, 19.151369 ] }, { "date": "2026-06-05", "close": 20.33, "volume": 0, "typical_volume": 197.4, "trend": 19.437059, "fair_value": 25.199478, "relative_strength": -18.061426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.253587, "energy": 17.035885, "activity_lines": [ 19.290667, 18.732913, 18.948563, 19.213058 ] }, { "date": "2026-06-12", "close": 20.898052, "volume": 0, "typical_volume": 197.4, "trend": 19.511493, "fair_value": 25.119699, "relative_strength": -17.155378, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 38.807457, "energy": 44.399657, "activity_lines": [ 20.023018, 19.174601, 19.097524, 19.307316 ] }, { "date": "2026-06-19", "close": 20.769842, "volume": 0, "typical_volume": 192.4, "trend": 19.562594, "fair_value": 25.042917, "relative_strength": -20.078164, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.253776, "energy": 51.210319, "activity_lines": [ 20.488428, 19.553835, 19.231917, 19.3885 ] }, { "date": "2026-06-26", "close": 22.988842, "volume": 0, "typical_volume": 192.4, "trend": 19.679263, "fair_value": 24.984683, "relative_strength": -9.008772, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.210164, "energy": 80.995268, "activity_lines": [ 21.444516, 20.280662, 19.574676, 19.609548 ] }, { "date": "2026-07-03", "close": 21.736341, "volume": 0, "typical_volume": 159.55, "trend": 19.727693, "fair_value": 24.920836, "relative_strength": -15.125692, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.348375, "energy": 85.76716, "activity_lines": [ 21.671514, 20.686693, 19.788459, 19.742263 ] }, { "date": "2026-07-10", "close": 20.9375, "volume": 0, "typical_volume": 138.2, "trend": 19.758217, "fair_value": 24.855362, "relative_strength": -16.187724, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.677053, "energy": 79.982372, "activity_lines": [ 21.535808, 20.891819, 19.916907, 19.820315 ] }, { "date": "2026-07-17", "close": 22.559999, "volume": 270, "typical_volume": 151.7, "trend": 19.850577, "fair_value": 24.795024, "relative_strength": -7.142407, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.624248, "energy": 78.454318, "activity_lines": [ 21.900436, 21.342081, 20.198035, 20.001075 ] }, { "date": "2026-07-24", "close": 22.290001, "volume": 150, "typical_volume": 138.95, "trend": 19.936521, "fair_value": 24.727296, "relative_strength": -8.752085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.432802, "energy": 59.831339, "activity_lines": [ 22.064268, 21.651888, 20.447205, 20.158457 ] }, { "date": "2026-07-31", "close": 21.91, "volume": 0, "typical_volume": 138.95, "trend": 20.020459, "fair_value": 24.65866, "relative_strength": -9.49663, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.350755, "energy": 52.224607, "activity_lines": [ 22.000089, 21.79706, 20.652275, 20.285778 ] }, { "date": "2026-08-07", "close": 21.790001, "volume": 0, "typical_volume": 138.95, "trend": 20.111541, "fair_value": 24.586424, "relative_strength": -11.87807, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.877387, "energy": 50.97466, "activity_lines": [ 21.967834, 21.855049, 20.8345, 20.399942 ] } ], "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." } } }