{ "ticker": { "uuid": "7af32098-a412-437c-aef3-93eceadf4d97", "symbol": "WBC", "name": "Westpac Banking Corporation", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -11.505, "architecture_energy": 20.953, "architecture_maturity": 24.997, "architecture_confidence": 69.344, "architecture_tenure": "New", "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": 60.08, "rotation_up": 42.65, "upward_expansion": 22.73, "deceleration": 40.75, "rotation_down": 14.9, "downward_expansion": 52.07 }, "activity_lines": [ 45.061334, 44.327273, 44.364153, 45.125394 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 45.580002, "trend_reference": 45.792927, "distance_from_trend": -0.00465, "trend_direction": "Improving", "fair_value": 33.875889, "distance_from_fair_value": 0.3455, "fair_value_direction": "Weakening", "relative_strength": -0.986575, "relative_strength_direction": "Weakening", "price_momentum": -0.008022, "excess_performance": -0.036295, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00465, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.001903, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.3455, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.074427, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009866, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.083602, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.008022, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.817115, "read": "Supply-led" } ], "volume": { "latest": 49260, "relative_activity": 1.107949, "balance": 0.817115, "dry_up": 1.162064, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.031154, "annualized_volatility": 0.232037, "from_high_reference": -0.115273, "from_low_reference": 0.279533 }, "levels": { "trend_reference": 45.792927, "fair_value_reference": 33.875889, "structural_low": 42.0, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.029203, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.023166, "regime_survival": 0.5, "best_return": 0.059005, "worst_return": -0.104166, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.073544, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.067859, "regime_survival": 0.333333, "best_return": 0.194374, "worst_return": -0.14912, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.05609, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.077043, "regime_survival": 0.0, "best_return": 0.296512, "worst_return": -0.063223, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.256778, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.229782, "regime_survival": 0.5, "best_return": 0.611821, "worst_return": -0.056176, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.030696, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.041678, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.000896, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.042027, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.087803, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-13", "tenure": "Developing", "return": 0.05274, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": -0.001099, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-12-05", "tenure": "Established", "return": 0.193968, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": -0.000899, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-04-17", "tenure": "Established", "return": 0.085393, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-05-22", "tenure": "Developing", "return": -0.03971, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.010333, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": 0.051164, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 20.132473, "volume": 63418, "typical_volume": 64162.1, "trend": 20.259815, "fair_value": 19.616707, "relative_strength": -1.515866, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.784369, "energy": 39.168847, "activity_lines": [ 20.656683, 20.503584, 20.206994, 20.133606 ] }, { "date": "2023-08-25", "close": 20.29792, "volume": 74259, "typical_volume": 66026.55, "trend": 20.201611, "fair_value": 19.652945, "relative_strength": 0.496496, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.217472, "energy": 16.985693, "activity_lines": [ 20.504586, 20.498201, 20.229183, 20.136064 ] }, { "date": "2023-09-01", "close": 20.585278, "volume": 55164, "typical_volume": 66076.1, "trend": 20.152987, "fair_value": 19.69476, "relative_strength": 1.292953, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.350247, "energy": 19.331832, "activity_lines": [ 20.483107, 20.538098, 20.27515, 20.160817 ] }, { "date": "2023-09-08", "close": 19.879946, "volume": 55834, "typical_volume": 66088.5, "trend": 20.076628, "fair_value": 19.732636, "relative_strength": -0.666253, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.029122, "energy": 16.388934, "activity_lines": [ 20.254382, 20.431546, 20.25184, 20.143201 ] }, { "date": "2023-09-15", "close": 20.628819, "volume": 124541, "typical_volume": 70247.75, "trend": 20.057608, "fair_value": 19.776574, "relative_strength": 2.924367, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.445051, "energy": 17.26413, "activity_lines": [ 20.343202, 20.468119, 20.302957, 20.178827 ] }, { "date": "2023-09-22", "close": 20.019272, "volume": 79891, "typical_volume": 70581.65, "trend": 20.027279, "fair_value": 19.813645, "relative_strength": -0.345842, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.684215, "energy": 12.043436, "activity_lines": [ 20.247997, 20.375025, 20.295682, 20.176353 ] }, { "date": "2023-09-29", "close": 19.86253, "volume": 42341, "typical_volume": 68955.7, "trend": 20.020723, "fair_value": 19.853447, "relative_strength": -0.452526, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.833012, "energy": 9.784251, "activity_lines": [ 20.108091, 20.255807, 20.269849, 20.165724 ] }, { "date": "2023-10-06", "close": 20.019272, "volume": 93498, "typical_volume": 69753.8, "trend": 20.0284, "fair_value": 19.885521, "relative_strength": 0.489225, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.29783, "energy": 9.960985, "activity_lines": [ 20.049459, 20.182503, 20.25828, 20.165631 ] }, { "date": "2023-10-13", "close": 20.027981, "volume": 60450, "typical_volume": 70586.65, "trend": 20.050727, "fair_value": 19.91639, "relative_strength": 0.956397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.504278, "energy": 13.146347, "activity_lines": [ 20.031463, 20.128673, 20.245757, 20.165604 ] }, { "date": "2023-10-20", "close": 20.210842, "volume": 119005, "typical_volume": 70599.25, "trend": 20.08506, "fair_value": 19.948722, "relative_strength": 4.595223, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.083586, "energy": 10.633218, "activity_lines": [ 20.064552, 20.123924, 20.249406, 20.175934 ] }, { "date": "2023-10-27", "close": 19.723207, "volume": 53945, "typical_volume": 71454.85, "trend": 20.085121, "fair_value": 19.982488, "relative_strength": 4.372595, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.391163, "energy": 19.383105, "activity_lines": [ 19.962961, 20.043337, 20.203006, 20.152588 ] }, { "date": "2023-11-03", "close": 20.402416, "volume": 122868, "typical_volume": 74223.4, "trend": 20.113735, "fair_value": 20.021288, "relative_strength": 4.649377, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.114067, "energy": 4.863572, "activity_lines": [ 20.107511, 20.093684, 20.219759, 20.173059 ] }, { "date": "2023-11-10", "close": 20.231174, "volume": 57131, "typical_volume": 72497.2, "trend": 20.116652, "fair_value": 20.055366, "relative_strength": 3.698121, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.063426, "energy": 4.560777, "activity_lines": [ 20.158988, 20.110996, 20.21788, 20.180636 ] }, { "date": "2023-11-17", "close": 20.707306, "volume": 49232, "typical_volume": 71789.4, "trend": 20.122489, "fair_value": 20.084659, "relative_strength": 5.864328, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.016618, "energy": 20.481994, "activity_lines": [ 20.355049, 20.221316, 20.258265, 20.218742 ] }, { "date": "2023-11-24", "close": 20.88698, "volume": 42164, "typical_volume": 71598.35, "trend": 20.133471, "fair_value": 20.113035, "relative_strength": 6.530681, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.264517, "energy": 38.656582, "activity_lines": [ 20.565712, 20.349261, 20.313646, 20.268064 ] }, { "date": "2023-12-01", "close": 20.455765, "volume": 55977, "typical_volume": 72363.75, "trend": 20.173435, "fair_value": 20.138597, "relative_strength": 2.931062, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.202991, "energy": 40.569366, "activity_lines": [ 20.587562, 20.39411, 20.321796, 20.288857 ] }, { "date": "2023-12-08", "close": 21.192425, "volume": 65343, "typical_volume": 71556.95, "trend": 20.222409, "fair_value": 20.169572, "relative_strength": 5.406129, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.591885, "energy": 59.015836, "activity_lines": [ 20.806127, 20.564961, 20.398647, 20.354599 ] }, { "date": "2023-12-15", "close": 21.794329, "volume": 128336, "typical_volume": 73097.65, "trend": 20.294059, "fair_value": 20.204503, "relative_strength": 7.765001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.493944, "energy": 72.857449, "activity_lines": [ 21.17266, 20.821068, 20.531051, 20.456013 ] }, { "date": "2023-12-22", "close": 22.036886, "volume": 76566, "typical_volume": 73186.3, "trend": 20.36973, "fair_value": 20.242172, "relative_strength": 8.104933, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.391997, "energy": 80.691671, "activity_lines": [ 21.515835, 21.089003, 20.682788, 20.568453 ] }, { "date": "2023-12-29", "close": 22.252493, "volume": 28212, "typical_volume": 72408.75, "trend": 20.463038, "fair_value": 20.281814, "relative_strength": 7.834415, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.441542, "energy": 85.990692, "activity_lines": [ 21.842241, 21.359614, 20.84964, 20.689922 ] }, { "date": "2024-01-05", "close": 22.099773, "volume": 15500, "typical_volume": 70012.85, "trend": 20.552996, "fair_value": 20.316831, "relative_strength": 7.282735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.435134, "energy": 83.271135, "activity_lines": [ 22.026705, 21.565337, 20.995584, 20.795518 ] }, { "date": "2024-01-12", "close": 22.351315, "volume": 60488, "typical_volume": 69324.3, "trend": 20.634214, "fair_value": 20.34587, "relative_strength": 7.473318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.031314, "energy": 84.457031, "activity_lines": [ 22.185416, 21.773584, 21.156115, 20.911538 ] }, { "date": "2024-01-19", "close": 22.369282, "volume": 55289, "typical_volume": 69330.55, "trend": 20.727061, "fair_value": 20.373596, "relative_strength": 9.213731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.210177, "energy": 78.971287, "activity_lines": [ 22.272857, 21.949664, 21.30858, 21.023478 ] }, { "date": "2024-01-26", "close": 22.809479, "volume": 91944, "typical_volume": 71136.05, "trend": 20.811941, "fair_value": 20.408628, "relative_strength": 9.296402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.749351, "energy": 78.167065, "activity_lines": [ 22.4687, 22.166905, 21.494473, 21.157828 ] }, { "date": "2024-02-02", "close": 23.267647, "volume": 62091, "typical_volume": 68013.55, "trend": 20.934443, "fair_value": 20.44157, "relative_strength": 10.793473, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.289616, "energy": 89.372278, "activity_lines": [ 22.76576, 22.429227, 21.710051, 21.31626 ] }, { "date": "2024-02-09", "close": 23.087971, "volume": 70443, "typical_volume": 67541.15, "trend": 21.032379, "fair_value": 20.472522, "relative_strength": 10.418942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.441319, "energy": 87.740304, "activity_lines": [ 22.935251, 22.615596, 21.895952, 21.455198 ] }, { "date": "2024-02-16", "close": 23.564104, "volume": 128741, "typical_volume": 71861.15, "trend": 21.123836, "fair_value": 20.496571, "relative_strength": 13.699236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.805715, "energy": 92.094921, "activity_lines": [ 23.197572, 22.840677, 22.112585, 21.618535 ] }, { "date": "2024-02-23", "close": 24.651127, "volume": 183408, "typical_volume": 76356.65, "trend": 21.245432, "fair_value": 20.528426, "relative_strength": 18.545984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.465436, "energy": 95.339008, "activity_lines": [ 23.741382, 23.220277, 22.415118, 21.846102 ] }, { "date": "2024-03-01", "close": 25.217096, "volume": 161109, "typical_volume": 81389.6, "trend": 21.389376, "fair_value": 20.558636, "relative_strength": 20.417453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.245916, "energy": 95.828644, "activity_lines": [ 24.321726, 23.650839, 22.749496, 22.102338 ] }, { "date": "2024-03-08", "close": 26.591599, "volume": 213053, "typical_volume": 86092.0, "trend": 21.578557, "fair_value": 20.599086, "relative_strength": 24.343495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.096509, "energy": 98.271074, "activity_lines": [ 25.199729, 24.273488, 23.190069, 22.437966 ] }, { "date": "2024-03-15", "close": 25.39677, "volume": 124208, "typical_volume": 89605.15, "trend": 21.754033, "fair_value": 20.631237, "relative_strength": 19.687162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.420367, "energy": 85.528718, "activity_lines": [ 25.457859, 24.600002, 23.486465, 22.684302 ] }, { "date": "2024-03-22", "close": 25.019459, "volume": 85419, "typical_volume": 87732.7, "trend": 21.911418, "fair_value": 20.660229, "relative_strength": 15.294114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.803052, "energy": 72.431347, "activity_lines": [ 25.436299, 24.79797, 23.719909, 22.894975 ] }, { "date": "2024-03-29", "close": 25.531525, "volume": 65956, "typical_volume": 88173.95, "trend": 22.076293, "fair_value": 20.693243, "relative_strength": 15.869545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.397933, "energy": 66.720458, "activity_lines": [ 25.488404, 25.040528, 23.980135, 23.12853 ] }, { "date": "2024-04-05", "close": 25.603394, "volume": 64749, "typical_volume": 88949.8, "trend": 22.267075, "fair_value": 20.722874, "relative_strength": 16.498915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.319342, "energy": 63.56864, "activity_lines": [ 25.505772, 25.238658, 24.221966, 23.356085 ] }, { "date": "2024-04-12", "close": 25.531525, "volume": 54102, "typical_volume": 89546.7, "trend": 22.430498, "fair_value": 20.751945, "relative_strength": 16.416055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.195493, "energy": 60.126938, "activity_lines": [ 25.473431, 25.372923, 24.433638, 23.566695 ] }, { "date": "2024-04-19", "close": 24.70503, "volume": 88768, "typical_volume": 91186.25, "trend": 22.58669, "fair_value": 20.777345, "relative_strength": 13.494932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.766712, "energy": 47.379966, "activity_lines": [ 25.236263, 25.315755, 24.544479, 23.713439 ] }, { "date": "2024-04-26", "close": 25.333889, "volume": 83637, "typical_volume": 92100.95, "trend": 22.769069, "fair_value": 20.807318, "relative_strength": 15.770675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.665615, "energy": 41.637895, "activity_lines": [ 25.25483, 25.343523, 24.694977, 23.890677 ] }, { "date": "2024-05-03", "close": 26.052578, "volume": 101798, "typical_volume": 90774.05, "trend": 22.970179, "fair_value": 20.835787, "relative_strength": 17.045523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.807042, "energy": 49.15416, "activity_lines": [ 25.491999, 25.469784, 24.8942, 24.102517 ] }, { "date": "2024-05-10", "close": 27.043444, "volume": 123047, "typical_volume": 93098.1, "trend": 23.204028, "fair_value": 20.87045, "relative_strength": 22.567773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.282663, "energy": 56.907916, "activity_lines": [ 26.024719, 25.750722, 25.167514, 24.365308 ] }, { "date": "2024-05-17", "close": 27.126768, "volume": 42645, "typical_volume": 93819.75, "trend": 23.434559, "fair_value": 20.904742, "relative_strength": 22.653991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.186026, "energy": 64.114971, "activity_lines": [ 26.489211, 26.013603, 25.424923, 24.618388 ] }, { "date": "2024-05-24", "close": 26.386108, "volume": 39265, "typical_volume": 95008.0, "trend": 23.656655, "fair_value": 20.932172, "relative_strength": 17.777649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.69733, "energy": 69.518702, "activity_lines": [ 26.600466, 26.132088, 25.588582, 24.80881 ] }, { "date": "2024-05-31", "close": 26.284267, "volume": 45379, "typical_volume": 94252.55, "trend": 23.852717, "fair_value": 20.95623, "relative_strength": 15.817098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.341329, "energy": 59.51836, "activity_lines": [ 26.565702, 26.214069, 25.722131, 24.978334 ] }, { "date": "2024-06-07", "close": 26.663855, "volume": 22125, "typical_volume": 92594.35, "trend": 24.06714, "fair_value": 20.984534, "relative_strength": 16.903258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.077459, "energy": 51.902646, "activity_lines": [ 26.59411, 26.34207, 25.873102, 25.159697 ] }, { "date": "2024-06-14", "close": 26.932346, "volume": 48000, "typical_volume": 90397.15, "trend": 24.274641, "fair_value": 21.011286, "relative_strength": 17.314689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.365643, "energy": 51.323131, "activity_lines": [ 26.671262, 26.498299, 26.029194, 25.344549 ] }, { "date": "2024-06-21", "close": 27.682264, "volume": 106067, "typical_volume": 92595.95, "trend": 24.50115, "fair_value": 21.048787, "relative_strength": 21.617516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.581691, "energy": 59.013061, "activity_lines": [ 27.005794, 26.766714, 26.237074, 25.564396 ] }, { "date": "2024-06-28", "close": 27.265644, "volume": 60565, "typical_volume": 92102.05, "trend": 24.728146, "fair_value": 21.085429, "relative_strength": 18.694979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.938192, "energy": 63.066717, "activity_lines": [ 27.164419, 26.920276, 26.384254, 25.742751 ] }, { "date": "2024-07-05", "close": 27.774849, "volume": 58315, "typical_volume": 88580.75, "trend": 24.947561, "fair_value": 21.1276, "relative_strength": 19.276708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.366396, "energy": 72.225765, "activity_lines": [ 27.434144, 27.119863, 26.560036, 25.939312 ] }, { "date": "2024-07-12", "close": 28.700676, "volume": 117784, "typical_volume": 85299.55, "trend": 25.177772, "fair_value": 21.179029, "relative_strength": 19.000339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.276833, "energy": 81.938786, "activity_lines": [ 27.913105, 27.443402, 26.80394, 26.181449 ] }, { "date": "2024-07-19", "close": 29.117302, "volume": 92718, "typical_volume": 81880.0, "trend": 25.413786, "fair_value": 21.234336, "relative_strength": 18.153307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.099752, "energy": 87.473411, "activity_lines": [ 28.395154, 27.794544, 27.06824, 26.435612 ] }, { "date": "2024-07-26", "close": 29.413565, "volume": 84742, "typical_volume": 75464.45, "trend": 25.652488, "fair_value": 21.292097, "relative_strength": 18.414439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.852982, "energy": 91.478796, "activity_lines": [ 28.830294, 28.161845, 27.342183, 26.693662 ] }, { "date": "2024-08-02", "close": 28.700676, "volume": 117003, "typical_volume": 75104.2, "trend": 25.872518, "fair_value": 21.34418, "relative_strength": 13.978826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.046729, "energy": 80.083539, "activity_lines": [ 28.912383, 28.357952, 27.534794, 26.890319 ] }, { "date": "2024-08-09", "close": 28.237764, "volume": 73001, "typical_volume": 74483.3, "trend": 26.068733, "fair_value": 21.387355, "relative_strength": 13.478029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.599676, "energy": 61.35045, "activity_lines": [ 28.7445, 28.42781, 27.667585, 27.042916 ] }, { "date": "2024-08-16", "close": 30.13571, "volume": 86832, "typical_volume": 75527.1, "trend": 26.327614, "fair_value": 21.444962, "relative_strength": 15.802683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.363358, "energy": 65.335268, "activity_lines": [ 29.178404, 28.807232, 27.965807, 27.305301 ] }, { "date": "2024-08-23", "close": 30.107937, "volume": 150225, "typical_volume": 79800.9, "trend": 26.570896, "fair_value": 21.501687, "relative_strength": 16.826583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.210209, "energy": 63.293338, "activity_lines": [ 29.507382, 29.118478, 28.23946, 27.549193 ] }, { "date": "2024-08-30", "close": 31.339289, "volume": 97517, "typical_volume": 81971.65, "trend": 26.839951, "fair_value": 21.566254, "relative_strength": 21.576439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.256028, "energy": 77.062463, "activity_lines": [ 30.180768, 29.595869, 28.608934, 27.856831 ] }, { "date": "2024-09-06", "close": 32.042919, "volume": 115036, "typical_volume": 83285.05, "trend": 27.138449, "fair_value": 21.637648, "relative_strength": 21.761909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.778688, "energy": 92.16919, "activity_lines": [ 30.960316, 30.134702, 29.017765, 28.192507 ] }, { "date": "2024-09-13", "close": 32.209564, "volume": 167257, "typical_volume": 87466.05, "trend": 27.426631, "fair_value": 21.710713, "relative_strength": 19.562187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.075468, "energy": 91.531225, "activity_lines": [ 31.572596, 30.616973, 29.407524, 28.519675 ] }, { "date": "2024-09-20", "close": 33.653858, "volume": 176884, "typical_volume": 91220.35, "trend": 27.726722, "fair_value": 21.795152, "relative_strength": 27.374954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.069959, "energy": 95.070082, "activity_lines": [ 32.401521, 31.281213, 29.902094, 28.921432 ] }, { "date": "2024-09-27", "close": 32.107723, "volume": 95615, "typical_volume": 89848.75, "trend": 27.95641, "fair_value": 21.867162, "relative_strength": 20.829877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.536737, "energy": 74.773438, "activity_lines": [ 32.480524, 31.574279, 30.213216, 29.204077 ] }, { "date": "2024-10-04", "close": 30.552334, "volume": 64392, "typical_volume": 90936.1, "trend": 28.088434, "fair_value": 21.92593, "relative_strength": 12.837278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.893116, "energy": 58.060217, "activity_lines": [ 31.907746, 31.530176, 30.35209, 29.371556 ] }, { "date": "2024-10-11", "close": 31.570742, "volume": 46984, "typical_volume": 91322.05, "trend": 28.294233, "fair_value": 21.993894, "relative_strength": 13.855995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.937995, "energy": 49.492837, "activity_lines": [ 31.7269, 31.650534, 30.571643, 29.596221 ] }, { "date": "2024-10-18", "close": 33.37611, "volume": 67239, "typical_volume": 92415.05, "trend": 28.572789, "fair_value": 22.073028, "relative_strength": 19.755545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.180101, "energy": 51.383249, "activity_lines": [ 32.179322, 32.046956, 30.938448, 29.924084 ] }, { "date": "2024-10-25", "close": 32.959488, "volume": 48225, "typical_volume": 93720.05, "trend": 28.820387, "fair_value": 22.147125, "relative_strength": 17.963126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.593408, "energy": 48.217978, "activity_lines": [ 32.4151, 32.274205, 31.231803, 30.207097 ] }, { "date": "2024-11-01", "close": 32.329922, "volume": 32649, "typical_volume": 92952.5, "trend": 29.044605, "fair_value": 22.231567, "relative_strength": 16.906405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.105851, "energy": 48.004341, "activity_lines": [ 32.487314, 32.335646, 31.435221, 30.433519 ] }, { "date": "2024-11-08", "close": 33.717342, "volume": 60930, "typical_volume": 90695.65, "trend": 29.317465, "fair_value": 22.32547, "relative_strength": 19.051366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.692273, "energy": 57.103574, "activity_lines": [ 33.007188, 32.608946, 31.745071, 30.734986 ] }, { "date": "2024-11-15", "close": 34.294434, "volume": 62175, "typical_volume": 90776.15, "trend": 29.637112, "fair_value": 22.426634, "relative_strength": 21.011844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.674507, "energy": 65.461036, "activity_lines": [ 33.508426, 32.943934, 32.081143, 31.05608 ] }, { "date": "2024-11-22", "close": 35.66621, "volume": 120951, "typical_volume": 93907.95, "trend": 29.981523, "fair_value": 22.54005, "relative_strength": 21.495502, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.381381, "energy": 77.979904, "activity_lines": [ 34.285343, 33.487399, 32.514391, 31.445054 ] }, { "date": "2024-11-29", "close": 34.720161, "volume": 64224, "typical_volume": 91229.95, "trend": 30.270442, "fair_value": 22.65086, "relative_strength": 17.187721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.381373, "energy": 74.234075, "activity_lines": [ 34.594237, 33.796007, 32.819961, 31.750773 ] }, { "date": "2024-12-06", "close": 34.530952, "volume": 80066, "typical_volume": 90597.35, "trend": 30.520026, "fair_value": 22.758186, "relative_strength": 18.037287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.684073, "energy": 66.152223, "activity_lines": [ 34.722683, 34.050826, 33.078846, 32.025644 ] }, { "date": "2024-12-13", "close": 33.594349, "volume": 104718, "typical_volume": 91596.15, "trend": 30.735612, "fair_value": 22.857908, "relative_strength": 14.612887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.318295, "energy": 50.506756, "activity_lines": [ 34.392193, 34.091295, 33.222753, 32.223988 ] }, { "date": "2024-12-20", "close": 32.894276, "volume": 67474, "typical_volume": 89119.7, "trend": 30.952551, "fair_value": 22.951542, "relative_strength": 10.316581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.940131, "energy": 32.946946, "activity_lines": [ 33.836544, 33.949169, 33.280077, 32.363257 ] }, { "date": "2024-12-27", "close": 34.247131, "volume": 21286, "typical_volume": 86533.95, "trend": 31.21798, "fair_value": 23.053125, "relative_strength": 11.582929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.122426, "energy": 29.477955, "activity_lines": [ 33.825191, 34.028952, 33.446274, 32.57581 ] }, { "date": "2025-01-03", "close": 33.594349, "volume": 9086, "typical_volume": 82646.65, "trend": 31.448996, "fair_value": 23.148098, "relative_strength": 9.978237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.758284, "energy": 21.210364, "activity_lines": [ 33.69085, 33.974211, 33.521686, 32.729124 ] }, { "date": "2025-01-10", "close": 34.114685, "volume": 67086, "typical_volume": 78489.7, "trend": 31.688408, "fair_value": 23.249349, "relative_strength": 12.466252, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.163891, "energy": 23.287896, "activity_lines": [ 33.805008, 34.002533, 33.630185, 32.901104 ] }, { "date": "2025-01-17", "close": 33.613274, "volume": 69728, "typical_volume": 77100.25, "trend": 31.886108, "fair_value": 23.349244, "relative_strength": 8.265922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.229197, "energy": 24.207561, "activity_lines": [ 33.77978, 33.907239, 33.67185, 33.025289 ] }, { "date": "2025-01-24", "close": 34.625553, "volume": 64951, "typical_volume": 74596.0, "trend": 32.131438, "fair_value": 23.457537, "relative_strength": 11.76122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.621553, "energy": 32.580859, "activity_lines": [ 34.090716, 33.997889, 33.799093, 33.202028 ] }, { "date": "2025-01-31", "close": 34.956673, "volume": 86890, "typical_volume": 70577.65, "trend": 32.370832, "fair_value": 23.562482, "relative_strength": 12.415358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.446327, "energy": 38.092611, "activity_lines": [ 34.396608, 34.142721, 33.945574, 33.384301 ] }, { "date": "2025-02-07", "close": 35.713516, "volume": 71711, "typical_volume": 65319.0, "trend": 32.604594, "fair_value": 23.665155, "relative_strength": 14.916532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.150804, "energy": 50.639651, "activity_lines": [ 34.907478, 34.438062, 34.151054, 33.599958 ] }, { "date": "2025-02-14", "close": 36.423058, "volume": 150402, "typical_volume": 68058.35, "trend": 32.848119, "fair_value": 23.768247, "relative_strength": 15.681171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.242638, "energy": 69.817873, "activity_lines": [ 35.513584, 34.84435, 34.414302, 33.84631 ] }, { "date": "2025-02-21", "close": 32.402328, "volume": 72987, "typical_volume": 68488.1, "trend": 32.947744, "fair_value": 23.848868, "relative_strength": 4.457939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.662167, "energy": 24.883386, "activity_lines": [ 34.625555, 34.485194, 34.274073, 33.81755 ] }, { "date": "2025-02-28", "close": 33.499748, "volume": 55233, "typical_volume": 68900.55, "trend": 33.107713, "fair_value": 23.940757, "relative_strength": 8.851267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.554344, "energy": 16.250576, "activity_lines": [ 34.184062, 34.347242, 34.229551, 33.853163 ] }, { "date": "2025-03-07", "close": 31.692787, "volume": 56103, "typical_volume": 68343.75, "trend": 33.222881, "fair_value": 24.018378, "relative_strength": 4.386719, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.484009, "energy": 23.702889, "activity_lines": [ 33.215303, 33.869743, 34.003752, 33.761877 ] }, { "date": "2025-03-14", "close": 31.664406, "volume": 67965, "typical_volume": 69330.75, "trend": 33.273837, "fair_value": 24.089727, "relative_strength": 5.079376, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.093785, "energy": 36.154525, "activity_lines": [ 32.454676, 33.433526, 33.783266, 33.66133 ] }, { "date": "2025-03-21", "close": 31.740089, "volume": 98619, "typical_volume": 72629.25, "trend": 33.328242, "fair_value": 24.160631, "relative_strength": 6.216428, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.246793, "energy": 51.554339, "activity_lines": [ 31.989217, 33.04616, 33.576154, 33.562379 ] }, { "date": "2025-03-28", "close": 32.232037, "volume": 68649, "typical_volume": 73015.2, "trend": 33.358001, "fair_value": 24.233141, "relative_strength": 5.911569, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.667033, "energy": 54.465347, "activity_lines": [ 31.999939, 32.791413, 33.418704, 33.491656 ] }, { "date": "2025-04-04", "close": 32.042824, "volume": 51446, "typical_volume": 72478.75, "trend": 33.357997, "fair_value": 24.303405, "relative_strength": 5.42459, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.574126, "energy": 45.251404, "activity_lines": [ 31.958942, 32.527378, 33.250306, 33.406806 ] }, { "date": "2025-04-11", "close": 30.406155, "volume": 60872, "typical_volume": 69474.8, "trend": 33.297884, "fair_value": 24.361784, "relative_strength": 1.449633, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.326104, "energy": 53.58235, "activity_lines": [ 31.469518, 32.012725, 32.936757, 33.216364 ] }, { "date": "2025-04-18", "close": 31.569801, "volume": 14719, "typical_volume": 66999.55, "trend": 33.228415, "fair_value": 24.427261, "relative_strength": 4.054398, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.830408, "energy": 39.227289, "activity_lines": [ 31.453751, 31.79238, 32.759079, 33.104875 ] }, { "date": "2025-04-25", "close": 31.976603, "volume": 28674, "typical_volume": 64429.95, "trend": 33.224045, "fair_value": 24.497462, "relative_strength": 5.863706, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.264696, "energy": 36.147968, "activity_lines": [ 31.579891, 31.72134, 32.635146, 33.024113 ] }, { "date": "2025-05-02", "close": 34.341732, "volume": 73674, "typical_volume": 62877.75, "trend": 33.350358, "fair_value": 24.58205, "relative_strength": 10.325077, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.19012, "energy": 13.614324, "activity_lines": [ 32.478641, 32.161168, 32.748627, 33.096222 ] }, { "date": "2025-05-09", "close": 32.844963, "volume": 59212, "typical_volume": 62464.65, "trend": 33.392832, "fair_value": 24.656631, "relative_strength": 2.957068, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.185526, "energy": 17.52525, "activity_lines": [ 32.737821, 32.293595, 32.716, 33.063616 ] }, { "date": "2025-05-16", "close": 33.193348, "volume": 63666, "typical_volume": 64583.65, "trend": 33.38674, "fair_value": 24.732206, "relative_strength": 2.354732, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.011889, "energy": 18.104522, "activity_lines": [ 33.059653, 32.501269, 32.716787, 33.050746 ] }, { "date": "2025-05-23", "close": 32.690128, "volume": 44372, "typical_volume": 66347.95, "trend": 33.377761, "fair_value": 24.802602, "relative_strength": 2.05039, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.989135, "energy": 18.96712, "activity_lines": [ 33.027933, 32.590166, 32.674666, 33.005803 ] }, { "date": "2025-05-30", "close": 33.37722, "volume": 38912, "typical_volume": 64939.25, "trend": 33.412671, "fair_value": 24.876715, "relative_strength": 5.308989, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.105397, "energy": 9.926475, "activity_lines": [ 33.150554, 32.785339, 32.702288, 33.005768 ] }, { "date": "2025-06-06", "close": 34.403019, "volume": 70277, "typical_volume": 64966.7, "trend": 33.435527, "fair_value": 24.973512, "relative_strength": 6.901995, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.120804, "energy": 21.703204, "activity_lines": [ 33.521735, 33.137255, 32.831118, 33.069662 ] }, { "date": "2025-06-13", "close": 34.577213, "volume": 52725, "typical_volume": 64355.4, "trend": 33.444953, "fair_value": 25.08373, "relative_strength": 7.144281, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.019142, "energy": 36.277834, "activity_lines": [ 33.946894, 33.48137, 32.972776, 33.143319 ] }, { "date": "2025-06-20", "close": 35.215919, "volume": 94686, "typical_volume": 64745.2, "trend": 33.429943, "fair_value": 25.194821, "relative_strength": 8.631741, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.457505, "energy": 49.832463, "activity_lines": [ 34.469471, 33.895534, 33.175494, 33.257575 ] }, { "date": "2025-06-27", "close": 35.535271, "volume": 67579, "typical_volume": 64538.6, "trend": 33.457114, "fair_value": 25.309068, "relative_strength": 9.085949, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.33691, "energy": 58.038821, "activity_lines": [ 34.963662, 34.280311, 33.407391, 33.393402 ] }, { "date": "2025-07-04", "close": 35.177208, "volume": 49454, "typical_volume": 59491.2, "trend": 33.478655, "fair_value": 25.418379, "relative_strength": 6.122983, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.255451, "energy": 65.098483, "activity_lines": [ 35.148822, 34.527887, 33.606037, 33.504376 ] }, { "date": "2025-07-11", "close": 35.632046, "volume": 34980, "typical_volume": 57590.85, "trend": 33.546579, "fair_value": 25.53219, "relative_strength": 7.818147, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.103557, "energy": 67.97704, "activity_lines": [ 35.365595, 34.799968, 33.853933, 33.643305 ] }, { "date": "2025-07-18", "close": 36.154621, "volume": 106377, "typical_volume": 60148.05, "trend": 33.655257, "fair_value": 25.640056, "relative_strength": 7.401515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.063803, "energy": 69.260055, "activity_lines": [ 35.674625, 35.143602, 34.136218, 33.811565 ] }, { "date": "2025-07-25", "close": 34.886887, "volume": 55026, "typical_volume": 60094.2, "trend": 33.676582, "fair_value": 25.736522, "relative_strength": 3.599363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.922986, "energy": 47.289925, "activity_lines": [ 35.455916, 35.196563, 34.285124, 33.891025 ] }, { "date": "2025-08-01", "close": 35.080437, "volume": 42039, "typical_volume": 58797.9, "trend": 33.726118, "fair_value": 25.83333, "relative_strength": 4.842207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.35985, "energy": 39.724706, "activity_lines": [ 35.32366, 35.253924, 34.437254, 33.981597 ] }, { "date": "2025-08-08", "close": 35.632046, "volume": 51549, "typical_volume": 56444.4, "trend": 33.776697, "fair_value": 25.930506, "relative_strength": 5.175527, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.986216, "energy": 41.70605, "activity_lines": [ 35.405595, 35.368117, 34.625651, 34.10456 ] }, { "date": "2025-08-15", "close": 39.144928, "volume": 140593, "typical_volume": 60041.6, "trend": 33.961085, "fair_value": 26.051521, "relative_strength": 14.584248, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.393452, "energy": 70.78139, "activity_lines": [ 36.628169, 36.080019, 35.130075, 34.450897 ] }, { "date": "2025-08-22", "close": 41.467495, "volume": 164760, "typical_volume": 65707.3, "trend": 34.18915, "fair_value": 26.188321, "relative_strength": 19.283356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.129611, "energy": 94.153307, "activity_lines": [ 38.390739, 37.12799, 35.822778, 34.935182 ] }, { "date": "2025-08-29", "close": 41.293301, "volume": 53610, "typical_volume": 65344.2, "trend": 34.400371, "fair_value": 26.325748, "relative_strength": 19.230078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.154095, "energy": 94.210785, "activity_lines": [ 39.741053, 38.01901, 36.454011, 35.393514 ] }, { "date": "2025-09-05", "close": 41.090076, "volume": 57697, "typical_volume": 67493.1, "trend": 34.57959, "fair_value": 26.462664, "relative_strength": 15.545536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.413347, "energy": 90.918994, "activity_lines": [ 40.596531, 38.762584, 37.014046, 35.825108 ] }, { "date": "2025-09-12", "close": 41.515884, "volume": 42799, "typical_volume": 68199.35, "trend": 34.749351, "fair_value": 26.601676, "relative_strength": 16.182164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.222893, "energy": 90.295976, "activity_lines": [ 41.193303, 39.48258, 37.569299, 36.272611 ] }, { "date": "2025-09-19", "close": 41.951359, "volume": 66259, "typical_volume": 67828.6, "trend": 35.067652, "fair_value": 26.742265, "relative_strength": 16.973121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.155792, "energy": 88.021394, "activity_lines": [ 41.542977, 40.166505, 38.120602, 36.737257 ] }, { "date": "2025-09-26", "close": 41.893299, "volume": 46890, "typical_volume": 67212.5, "trend": 35.347437, "fair_value": 26.88565, "relative_strength": 17.365312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.015942, "energy": 72.148749, "activity_lines": [ 41.686202, 40.724977, 38.630138, 37.177621 ] }, { "date": "2025-10-03", "close": 43.035229, "volume": 66968, "typical_volume": 67377.6, "trend": 35.725518, "fair_value": 27.030546, "relative_strength": 16.347341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.476132, "energy": 70.803028, "activity_lines": [ 42.181684, 41.386733, 39.205342, 37.673607 ] }, { "date": "2025-10-10", "close": 43.073936, "volume": 83219, "typical_volume": 69319.95, "trend": 36.105836, "fair_value": 27.168033, "relative_strength": 16.25191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.663529, "energy": 68.761335, "activity_lines": [ 42.57394, 41.907375, 39.737366, 38.147699 ] }, { "date": "2025-10-17", "close": 42.319103, "volume": 46072, "typical_volume": 69677.95, "trend": 36.45847, "fair_value": 27.300153, "relative_strength": 15.276152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.336946, "energy": 64.016518, "activity_lines": [ 42.582327, 42.145438, 40.148055, 38.548555 ] }, { "date": "2025-10-24", "close": 42.396523, "volume": 44406, "typical_volume": 68384.4, "trend": 36.797286, "fair_value": 27.432082, "relative_strength": 14.139132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.507249, "energy": 61.710897, "activity_lines": [ 42.562973, 42.275995, 40.523537, 38.931655 ] }, { "date": "2025-10-31", "close": 42.338455, "volume": 36733, "typical_volume": 67584.8, "trend": 37.140473, "fair_value": 27.565013, "relative_strength": 12.235606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.092877, "energy": 54.183405, "activity_lines": [ 42.494585, 42.336874, 40.855424, 39.28915 ] }, { "date": "2025-11-07", "close": 44.019707, "volume": 132168, "typical_volume": 69458.9, "trend": 37.594259, "fair_value": 27.7074, "relative_strength": 15.778672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.720585, "energy": 55.368817, "activity_lines": [ 42.956938, 42.687599, 41.310473, 39.732971 ] }, { "date": "2025-11-14", "close": 43.911453, "volume": 116248, "typical_volume": 71892.35, "trend": 38.005647, "fair_value": 27.849146, "relative_strength": 16.204004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.640105, "energy": 56.119062, "activity_lines": [ 43.317574, 42.969071, 41.713288, 40.140532 ] }, { "date": "2025-11-21", "close": 42.366383, "volume": 36198, "typical_volume": 71229.55, "trend": 38.351973, "fair_value": 27.980176, "relative_strength": 12.167084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.344152, "energy": 49.449576, "activity_lines": [ 43.107352, 42.918323, 41.929067, 40.42187 ] }, { "date": "2025-11-28", "close": 42.267975, "volume": 47673, "typical_volume": 71864.2, "trend": 38.616181, "fair_value": 28.114581, "relative_strength": 10.966722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.620381, "energy": 45.10496, "activity_lines": [ 42.861176, 42.83422, 42.10124, 40.674515 ] }, { "date": "2025-12-05", "close": 42.543526, "volume": 26759, "typical_volume": 67883.3, "trend": 38.939467, "fair_value": 28.253026, "relative_strength": 11.38439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.971132, "energy": 34.184451, "activity_lines": [ 42.715419, 42.79446, 42.268057, 40.927893 ] }, { "date": "2025-12-12", "close": 43.793358, "volume": 75874, "typical_volume": 68925.7, "trend": 39.2928, "fair_value": 28.401108, "relative_strength": 14.822744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.549864, "energy": 38.877787, "activity_lines": [ 42.972603, 42.97012, 42.523481, 41.241047 ] }, { "date": "2025-12-19", "close": 43.753994, "volume": 68547, "typical_volume": 70251.1, "trend": 39.661596, "fair_value": 28.546392, "relative_strength": 14.783711, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.935268, "energy": 39.459526, "activity_lines": [ 43.231754, 43.124838, 42.732745, 41.528866 ] }, { "date": "2025-12-26", "close": 43.793358, "volume": 19698, "typical_volume": 68658.55, "trend": 40.0088, "fair_value": 28.6922, "relative_strength": 12.737465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.128539, "energy": 41.927642, "activity_lines": [ 43.514524, 43.274349, 42.904455, 41.795431 ] }, { "date": "2026-01-02", "close": 44.501926, "volume": 21257, "typical_volume": 62691.75, "trend": 40.345431, "fair_value": 28.838056, "relative_strength": 13.853449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.836245, "energy": 48.816308, "activity_lines": [ 43.938352, 43.525886, 43.104785, 42.08531 ] }, { "date": "2026-01-09", "close": 43.458759, "volume": 34458, "typical_volume": 56176.65, "trend": 40.641482, "fair_value": 28.97625, "relative_strength": 9.599054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.35147, "energy": 40.809747, "activity_lines": [ 43.865528, 43.549476, 43.180255, 42.28617 ] }, { "date": "2026-01-16", "close": 45.003826, "volume": 59116, "typical_volume": 56451.95, "trend": 40.967746, "fair_value": 29.125107, "relative_strength": 12.774951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.310011, "energy": 47.673807, "activity_lines": [ 44.24671, 43.833618, 43.393393, 42.567612 ] }, { "date": "2026-01-23", "close": 44.236214, "volume": 37328, "typical_volume": 55433.5, "trend": 41.257777, "fair_value": 29.267364, "relative_strength": 12.606133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.965375, "energy": 39.571333, "activity_lines": [ 44.291324, 43.960302, 43.515756, 42.778481 ] }, { "date": "2026-01-30", "close": 44.492085, "volume": 60382, "typical_volume": 56312.65, "trend": 41.568273, "fair_value": 29.411262, "relative_strength": 13.004275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.741488, "energy": 38.022205, "activity_lines": [ 44.38908, 44.127602, 43.647505, 42.987146 ] }, { "date": "2026-02-06", "close": 45.948582, "volume": 62477, "typical_volume": 56123.55, "trend": 41.912157, "fair_value": 29.563684, "relative_strength": 16.028405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.112113, "energy": 54.417675, "activity_lines": [ 44.925754, 44.521071, 43.903797, 43.269746 ] }, { "date": "2026-02-13", "close": 46.844131, "volume": 79718, "typical_volume": 57764.95, "trend": 42.268475, "fair_value": 29.728073, "relative_strength": 19.909832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.672913, "energy": 62.427331, "activity_lines": [ 45.664499, 45.010447, 44.226344, 43.587938 ] }, { "date": "2026-02-20", "close": 49.20602, "volume": 92165, "typical_volume": 59024.8, "trend": 42.745779, "fair_value": 29.909335, "relative_strength": 23.979875, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.538542, "energy": 85.298817, "activity_lines": [ 46.96485, 45.851065, 44.750258, 44.035522 ] }, { "date": "2026-02-27", "close": 49.914589, "volume": 66180, "typical_volume": 58172.85, "trend": 43.240251, "fair_value": 30.100716, "relative_strength": 21.201858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.224377, "energy": 91.194314, "activity_lines": [ 48.221244, 46.722101, 45.312269, 44.498025 ] }, { "date": "2026-03-06", "close": 47.729839, "volume": 39504, "typical_volume": 57844.45, "trend": 43.64351, "fair_value": 30.279824, "relative_strength": 16.91232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.675722, "energy": 81.88899, "activity_lines": [ 48.37083, 47.083899, 45.633635, 44.787676 ] }, { "date": "2026-03-13", "close": 48.733643, "volume": 40538, "typical_volume": 57651.05, "trend": 43.963134, "fair_value": 30.468129, "relative_strength": 21.514328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.098523, "energy": 76.369021, "activity_lines": [ 48.639167, 47.556635, 46.024836, 45.116072 ] }, { "date": "2026-03-20", "close": 49.402847, "volume": 56154, "typical_volume": 58622.1, "trend": 44.227646, "fair_value": 30.661859, "relative_strength": 24.125912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.906503, "energy": 64.191031, "activity_lines": [ 48.944901, 48.074104, 46.449594, 45.467021 ] }, { "date": "2026-03-27", "close": 47.749523, "volume": 70554, "typical_volume": 55541.4, "trend": 44.442853, "fair_value": 30.841527, "relative_strength": 19.67591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.129542, "energy": 46.708227, "activity_lines": [ 48.528947, 48.182894, 46.683252, 45.694239 ] }, { "date": "2026-04-03", "close": 47.434605, "volume": 44325, "typical_volume": 51945.25, "trend": 44.654338, "fair_value": 31.020313, "relative_strength": 18.413691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.676629, "energy": 35.572046, "activity_lines": [ 48.105119, 48.184504, 46.869157, 45.887255 ] }, { "date": "2026-04-10", "close": 51.518703, "volume": 73309, "typical_volume": 53800.8, "trend": 44.987765, "fair_value": 31.221435, "relative_strength": 24.818245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.273489, "energy": 50.506388, "activity_lines": [ 49.207989, 48.870525, 47.427247, 46.330118 ] }, { "date": "2026-04-17", "close": 47.533016, "volume": 44773, "typical_volume": 53655.8, "trend": 45.17382, "fair_value": 31.394517, "relative_strength": 16.848929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.150981, "energy": 33.535749, "activity_lines": [ 48.729707, 48.70412, 47.562165, 46.494327 ] }, { "date": "2026-04-24", "close": 46.735882, "volume": 38121, "typical_volume": 54223.9, "trend": 45.33524, "fair_value": 31.562327, "relative_strength": 14.486577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.936105, "energy": 24.137615, "activity_lines": [ 48.065754, 48.363972, 47.596094, 46.595105 ] }, { "date": "2026-05-01", "close": 46.83429, "volume": 59533, "typical_volume": 53406.85, "trend": 45.461875, "fair_value": 31.739106, "relative_strength": 12.731204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.179304, "energy": 19.284136, "activity_lines": [ 47.612402, 48.043686, 47.619432, 46.691818 ] }, { "date": "2026-05-08", "close": 45.299999, "volume": 111811, "typical_volume": 55570.05, "trend": 45.536077, "fair_value": 31.90306, "relative_strength": 7.37358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.458934, "energy": 15.925625, "activity_lines": [ 46.708636, 47.487559, 47.482166, 46.681375 ] }, { "date": "2026-05-15", "close": 43.720001, "volume": 61760, "typical_volume": 57673.15, "trend": 45.582774, "fair_value": 32.057388, "relative_strength": 4.819382, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.120876, "energy": 30.215849, "activity_lines": [ 45.42051, 46.728062, 47.187062, 46.564209 ] }, { "date": "2026-05-22", "close": 44.880001, "volume": 38913, "typical_volume": 58555.95, "trend": 45.665556, "fair_value": 32.21837, "relative_strength": 6.833819, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.277183, "energy": 34.062763, "activity_lines": [ 45.038965, 46.252381, 47.002783, 46.518868 ] }, { "date": "2026-05-29", "close": 43.549999, "volume": 46792, "typical_volume": 59172.65, "trend": 45.705941, "fair_value": 32.372836, "relative_strength": 1.323807, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.879015, "energy": 50.092412, "activity_lines": [ 44.390953, 45.604946, 46.690038, 46.382381 ] }, { "date": "2026-06-05", "close": 42.060001, "volume": 8346, "typical_volume": 56634.15, "trend": 45.640618, "fair_value": 32.518086, "relative_strength": -1.794957, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.845831, "energy": 61.59673, "activity_lines": [ 43.458667, 44.793019, 46.234953, 46.147159 ] }, { "date": "2026-06-12", "close": 42.080002, "volume": 5408, "typical_volume": 55038.15, "trend": 45.579569, "fair_value": 32.660171, "relative_strength": -3.66982, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.779382, "energy": 65.835981, "activity_lines": [ 42.851334, 44.088174, 45.795792, 45.917442 ] }, { "date": "2026-06-19", "close": 42.720001, "volume": 22323, "typical_volume": 53135.2, "trend": 45.591356, "fair_value": 32.808479, "relative_strength": -3.149804, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.615632, "energy": 62.725245, "activity_lines": [ 42.672001, 43.597049, 45.42785, 45.732953 ] }, { "date": "2026-06-26", "close": 43.099998, "volume": 5454, "typical_volume": 50284.05, "trend": 45.619091, "fair_value": 32.95487, "relative_strength": -2.497632, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.851004, "energy": 68.863109, "activity_lines": [ 42.686, 43.33499, 45.104537, 45.572221 ] }, { "date": "2026-07-03", "close": 43.389999, "volume": 4750, "typical_volume": 46535.65, "trend": 45.647306, "fair_value": 33.107417, "relative_strength": -2.974785, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.670151, "energy": 55.966588, "activity_lines": [ 42.915333, 43.20626, 44.822408, 45.428408 ] }, { "date": "2026-07-10", "close": 44.0, "volume": 46375, "typical_volume": 44246.15, "trend": 45.654194, "fair_value": 33.260303, "relative_strength": -3.021998, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.103014, "energy": 36.277225, "activity_lines": [ 43.358666, 43.249273, 44.614823, 45.32213 ] }, { "date": "2026-07-17", "close": 43.860001, "volume": 79718, "typical_volume": 44923.05, "trend": 45.657728, "fair_value": 33.407992, "relative_strength": -2.912779, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.257637, "energy": 31.024629, "activity_lines": [ 43.626, 43.318364, 44.418694, 45.206376 ] }, { "date": "2026-07-24", "close": 44.619999, "volume": 31193, "typical_volume": 44507.5, "trend": 45.685283, "fair_value": 33.559382, "relative_strength": -2.087093, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.917122, "energy": 24.422244, "activity_lines": [ 44.028, 43.551818, 44.323778, 45.139426 ] }, { "date": "2026-07-31", "close": 45.610001, "volume": 46493, "typical_volume": 44805.25, "trend": 45.722219, "fair_value": 33.717787, "relative_strength": 0.284477, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.168152, "energy": 22.267159, "activity_lines": [ 44.633334, 43.948909, 44.337957, 45.134569 ] }, { "date": "2026-08-07", "close": 45.580002, "volume": 49260, "typical_volume": 44460.55, "trend": 45.792927, "fair_value": 33.875889, "relative_strength": -0.986575, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.505406, "energy": 20.952848, "activity_lines": [ 45.061334, 44.327273, 44.364153, 45.125394 ] } ], "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." } } }