{ "ticker": { "uuid": "7b538e95-caef-4cbb-a52b-ac2398cbfee9", "symbol": "IFT", "name": "Infratil Limited", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 46.731, "architecture_energy": 38.158, "architecture_maturity": 86.896, "architecture_confidence": 90.497, "architecture_tenure": "Established", "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": 30.14, "rotation_up": 39.04, "upward_expansion": 63.48, "deceleration": 85.1, "rotation_down": 27.64, "downward_expansion": 22.48 }, "activity_lines": [ 15.106667, 15.15476, 14.891366, 14.14288 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 14.95, "trend_reference": 13.150541, "distance_from_trend": 0.136835, "trend_direction": "Improving", "fair_value": 11.310465, "distance_from_fair_value": 0.321785, "fair_value_direction": "Weakening", "relative_strength": 14.616951, "relative_strength_direction": "Weakening", "price_momentum": 0.380425, "excess_performance": 0.352151, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.136835, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.102417, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.321785, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.054647, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.14617, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.145347, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.380425, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.299566, "read": "Demand-led" } ], "volume": { "latest": 2686445, "relative_activity": 0.60383, "balance": 1.299566, "dry_up": 0.735628, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.049347, "annualized_volatility": 0.30369, "from_high_reference": -0.065353, "from_low_reference": 0.421103 }, "levels": { "trend_reference": 13.150541, "fair_value_reference": 11.310465, "structural_low": 10.52, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": -0.002614, "positive_rate": 0.457143, "directional_follow_through": 0.457143, "median_excess_return": 0.001374, "regime_survival": 0.685714, "best_return": 0.09308, "worst_return": -0.062838, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.002554, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.002523, "regime_survival": 0.571429, "best_return": 0.183892, "worst_return": -0.113087, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.050009, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.046587, "regime_survival": 0.285714, "best_return": 0.120326, "worst_return": -0.054482, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.103397, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.089241, "regime_survival": 0.5, "best_return": 0.115656, "worst_return": 0.056267, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-09-06", "tenure": "Developing", "return": 0.117371, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-12-13", "tenure": "Established", "return": -0.006373, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-01-31", "tenure": "Developing", "return": -0.117323, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.025067, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-05-16", "tenure": "Developing", "return": 0.099621, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-18", "tenure": "Developing", "return": 0.049617, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": 0.034061, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-11-21", "tenure": "Established", "return": -0.032663, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": -0.059126, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": -0.044209, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-03-27", "tenure": "Developing", "return": 0.056859, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.045424, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": 0.248133, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": -0.010806, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.518306, "volume": 2558048, "typical_volume": 3921586.55, "trend": 8.974412, "fair_value": 7.40152, "relative_strength": 10.961989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.71369, "energy": 27.476385, "activity_lines": [ 9.490884, 9.503436, 9.416115, 9.23268 ] }, { "date": "2023-08-25", "close": 9.594834, "volume": 1960037, "typical_volume": 3929221.55, "trend": 9.013991, "fair_value": 7.434302, "relative_strength": 12.943757, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.308507, "energy": 35.425721, "activity_lines": [ 9.531061, 9.524133, 9.446585, 9.272707 ] }, { "date": "2023-09-01", "close": 9.747893, "volume": 3886698, "typical_volume": 4038582.35, "trend": 9.056154, "fair_value": 7.468524, "relative_strength": 13.837518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.703505, "energy": 45.483766, "activity_lines": [ 9.610778, 9.565615, 9.487687, 9.320055 ] }, { "date": "2023-09-08", "close": 9.987046, "volume": 2879972, "typical_volume": 4087669.95, "trend": 9.106289, "fair_value": 7.504507, "relative_strength": 18.11313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.33136, "energy": 68.312464, "activity_lines": [ 9.749806, 9.641622, 9.546599, 9.380113 ] }, { "date": "2023-09-15", "close": 9.709629, "volume": 4316271, "typical_volume": 4228494.2, "trend": 9.15127, "fair_value": 7.538312, "relative_strength": 14.455772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.704995, "energy": 59.637121, "activity_lines": [ 9.763199, 9.662146, 9.573683, 9.419038 ] }, { "date": "2023-09-22", "close": 9.843554, "volume": 2385341, "typical_volume": 4277048.9, "trend": 9.204178, "fair_value": 7.573519, "relative_strength": 15.433759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.986778, "energy": 60.682021, "activity_lines": [ 9.807203, 9.70702, 9.610244, 9.463702 ] }, { "date": "2023-09-29", "close": 9.767025, "volume": 2106318, "typical_volume": 4222773.05, "trend": 9.25674, "fair_value": 7.607577, "relative_strength": 14.919942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.437882, "energy": 52.822395, "activity_lines": [ 9.804014, 9.732761, 9.634276, 9.500014 ] }, { "date": "2023-10-06", "close": 9.613968, "volume": 2412418, "typical_volume": 4282023.55, "trend": 9.308923, "fair_value": 7.639367, "relative_strength": 12.80904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.879842, "energy": 34.253962, "activity_lines": [ 9.738327, 9.724413, 9.639933, 9.523061 ] }, { "date": "2023-10-13", "close": 9.948782, "volume": 2432387, "typical_volume": 4244189.1, "trend": 9.359357, "fair_value": 7.672759, "relative_strength": 16.411373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.936725, "energy": 43.24559, "activity_lines": [ 9.793173, 9.773809, 9.675532, 9.564343 ] }, { "date": "2023-10-20", "close": 9.709629, "volume": 2138734, "typical_volume": 4071549.35, "trend": 9.403708, "fair_value": 7.702959, "relative_strength": 15.880121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.015062, "energy": 27.15301, "activity_lines": [ 9.770852, 9.771374, 9.685964, 9.586941 ] }, { "date": "2023-10-27", "close": 9.527871, "volume": 2590938, "typical_volume": 3830217.25, "trend": 9.431609, "fair_value": 7.733024, "relative_strength": 15.617763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.388738, "energy": 14.802656, "activity_lines": [ 9.687945, 9.732065, 9.678356, 9.594951 ] }, { "date": "2023-11-03", "close": 9.853122, "volume": 3112439, "typical_volume": 3220454.0, "trend": 9.467833, "fair_value": 7.765631, "relative_strength": 15.28807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.647265, "energy": 23.905882, "activity_lines": [ 9.734501, 9.75172, 9.701224, 9.622146 ] }, { "date": "2023-11-10", "close": 9.881821, "volume": 2095451, "typical_volume": 3013363.3, "trend": 9.50706, "fair_value": 7.798366, "relative_strength": 14.875771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.956101, "energy": 25.542665, "activity_lines": [ 9.784883, 9.771896, 9.72375, 9.648855 ] }, { "date": "2023-11-17", "close": 9.566137, "volume": 2358235, "typical_volume": 2890187.75, "trend": 9.530884, "fair_value": 7.827646, "relative_strength": 10.454203, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.349513, "energy": 10.65033, "activity_lines": [ 9.71218, 9.73224, 9.713228, 9.652666 ] }, { "date": "2023-11-24", "close": 9.542222, "volume": 3925114, "typical_volume": 2908257.35, "trend": 9.548242, "fair_value": 7.855686, "relative_strength": 9.479858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.184848, "energy": 4.732326, "activity_lines": [ 9.657016, 9.695889, 9.701111, 9.653398 ] }, { "date": "2023-12-01", "close": 9.436927, "volume": 4581843, "typical_volume": 2931795.95, "trend": 9.57138, "fair_value": 7.882631, "relative_strength": 6.477367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.420946, "energy": 8.365772, "activity_lines": [ 9.577913, 9.643437, 9.679763, 9.646216 ] }, { "date": "2023-12-08", "close": 9.557357, "volume": 2049419, "typical_volume": 2886922.1, "trend": 9.590975, "fair_value": 7.902135, "relative_strength": 6.376546, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.676501, "energy": 15.959988, "activity_lines": [ 9.545017, 9.620274, 9.670454, 9.645311 ] }, { "date": "2023-12-15", "close": 9.634432, "volume": 2724494, "typical_volume": 2920323.1, "trend": 9.605267, "fair_value": 7.922538, "relative_strength": 6.398343, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.903265, "energy": 17.882598, "activity_lines": [ 9.55753, 9.614938, 9.667844, 9.648115 ] }, { "date": "2023-12-22", "close": 9.653701, "volume": 1989050, "typical_volume": 2810210.65, "trend": 9.612172, "fair_value": 7.941619, "relative_strength": 5.510322, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.998831, "energy": 12.808627, "activity_lines": [ 9.592959, 9.612732, 9.666152, 9.65124 ] }, { "date": "2023-12-29", "close": 9.663334, "volume": 573771, "typical_volume": 2653848.9, "trend": 9.61573, "fair_value": 7.96134, "relative_strength": 4.117794, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.405448, "energy": 9.474286, "activity_lines": [ 9.625761, 9.617644, 9.664596, 9.65454 ] }, { "date": "2024-01-05", "close": 9.672969, "volume": 786216, "typical_volume": 2565257.3, "trend": 9.624075, "fair_value": 7.980081, "relative_strength": 4.1212, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.867548, "energy": 13.514811, "activity_lines": [ 9.6537, 9.625149, 9.663176, 9.658233 ] }, { "date": "2024-01-12", "close": 9.875293, "volume": 889105, "typical_volume": 2511710.7, "trend": 9.646337, "fair_value": 8.00197, "relative_strength": 4.971434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.389896, "energy": 23.639277, "activity_lines": [ 9.733345, 9.666801, 9.680289, 9.674441 ] }, { "date": "2024-01-19", "close": 9.74041, "volume": 1720667, "typical_volume": 2403409.15, "trend": 9.66251, "fair_value": 8.021722, "relative_strength": 4.875625, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.798356, "energy": 23.840124, "activity_lines": [ 9.746833, 9.683527, 9.683219, 9.68051 ] }, { "date": "2024-01-26", "close": 10.308842, "volume": 2416673, "typical_volume": 2380244.2, "trend": 9.682484, "fair_value": 8.046159, "relative_strength": 8.597943, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.105697, "energy": 61.886209, "activity_lines": [ 9.942733, 9.806175, 9.740322, 9.722209 ] }, { "date": "2024-02-02", "close": 10.116153, "volume": 2394764, "typical_volume": 2284168.85, "trend": 9.696034, "fair_value": 8.067626, "relative_strength": 5.678698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.227594, "energy": 64.590125, "activity_lines": [ 10.030728, 9.880285, 9.777542, 9.750188 ] }, { "date": "2024-02-09", "close": 10.222132, "volume": 2193236, "typical_volume": 2274563.6, "trend": 9.71822, "fair_value": 8.089598, "relative_strength": 6.976989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.142016, "energy": 68.845943, "activity_lines": [ 10.123861, 9.963228, 9.822918, 9.784129 ] }, { "date": "2024-02-16", "close": 10.106519, "volume": 1318815, "typical_volume": 2235188.45, "trend": 9.741016, "fair_value": 8.112276, "relative_strength": 6.574459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.09207, "energy": 68.575686, "activity_lines": [ 10.141845, 10.010875, 9.855481, 9.809181 ] }, { "date": "2024-02-23", "close": 9.856024, "volume": 1942391, "typical_volume": 2211687.1, "trend": 9.754824, "fair_value": 8.132885, "relative_strength": 3.610926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.628763, "energy": 41.077126, "activity_lines": [ 10.060916, 10.002993, 9.862571, 9.816601 ] }, { "date": "2024-03-01", "close": 9.971637, "volume": 2974496, "typical_volume": 2238792.55, "trend": 9.770891, "fair_value": 8.155218, "relative_strength": 4.214417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.005195, "energy": 26.386581, "activity_lines": [ 10.010817, 10.012101, 9.879519, 9.830589 ] }, { "date": "2024-03-08", "close": 10.193229, "volume": 3729276, "typical_volume": 2318319.65, "trend": 9.794027, "fair_value": 8.178914, "relative_strength": 4.512295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.143173, "energy": 30.931256, "activity_lines": [ 10.057062, 10.055719, 9.917462, 9.857836 ] }, { "date": "2024-03-15", "close": 10.116153, "volume": 2202785, "typical_volume": 2298912.0, "trend": 9.813955, "fair_value": 8.203562, "relative_strength": 4.758143, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.649213, "energy": 24.189684, "activity_lines": [ 10.072477, 10.075689, 9.945762, 9.878619 ] }, { "date": "2024-03-22", "close": 10.231766, "volume": 2742779, "typical_volume": 2280429.0, "trend": 9.835186, "fair_value": 8.228835, "relative_strength": 3.765694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.719036, "energy": 35.628971, "activity_lines": [ 10.133495, 10.108621, 9.982271, 9.905574 ] }, { "date": "2024-03-29", "close": 10.491897, "volume": 2767202, "typical_volume": 2314016.55, "trend": 9.859986, "fair_value": 8.255255, "relative_strength": 4.958294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.829379, "energy": 60.505609, "activity_lines": [ 10.272874, 10.182368, 10.041751, 9.947943 ] }, { "date": "2024-04-05", "close": 10.424455, "volume": 1650711, "typical_volume": 2278640.35, "trend": 9.874566, "fair_value": 8.28159, "relative_strength": 4.775956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.812637, "energy": 62.850927, "activity_lines": [ 10.34738, 10.23019, 10.091903, 9.98436 ] }, { "date": "2024-04-12", "close": 10.549703, "volume": 1478623, "typical_volume": 2156315.8, "trend": 9.902569, "fair_value": 8.30867, "relative_strength": 6.379786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.636771, "energy": 70.456386, "activity_lines": [ 10.433447, 10.298682, 10.149897, 10.027917 ] }, { "date": "2024-04-19", "close": 10.414821, "volume": 1797029, "typical_volume": 2017075.1, "trend": 9.921611, "fair_value": 8.334365, "relative_strength": 5.877647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.818266, "energy": 64.849149, "activity_lines": [ 10.450789, 10.334767, 10.190247, 10.060966 ] }, { "date": "2024-04-26", "close": 10.385917, "volume": 1354174, "typical_volume": 1982312.85, "trend": 9.942241, "fair_value": 8.359672, "relative_strength": 5.190877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.446867, "energy": 55.294165, "activity_lines": [ 10.438586, 10.362094, 10.223187, 10.090921 ] }, { "date": "2024-05-03", "close": 10.482261, "volume": 2421441, "typical_volume": 1967160.2, "trend": 9.971184, "fair_value": 8.384121, "relative_strength": 4.64067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.959085, "energy": 48.470508, "activity_lines": [ 10.44822, 10.401858, 10.261358, 10.125761 ] }, { "date": "2024-05-10", "close": 10.26067, "volume": 2594959, "typical_volume": 1997455.65, "trend": 9.98158, "fair_value": 8.408134, "relative_strength": 3.733362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.875641, "energy": 30.286106, "activity_lines": [ 10.384633, 10.389946, 10.274387, 10.144438 ] }, { "date": "2024-05-17", "close": 10.501531, "volume": 1758736, "typical_volume": 2056703.9, "trend": 10.007977, "fair_value": 8.431955, "relative_strength": 6.338574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.298839, "energy": 31.8424, "activity_lines": [ 10.412252, 10.416572, 10.307466, 10.177983 ] }, { "date": "2024-05-24", "close": 10.578606, "volume": 4195614, "typical_volume": 2227173.8, "trend": 10.043001, "fair_value": 8.456328, "relative_strength": 6.119143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.468386, "energy": 37.345802, "activity_lines": [ 10.468774, 10.451607, 10.343893, 10.214798 ] }, { "date": "2024-05-31", "close": 10.212499, "volume": 4511140, "typical_volume": 2408275.55, "trend": 10.054981, "fair_value": 8.476533, "relative_strength": 1.592486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.350717, "energy": 20.90658, "activity_lines": [ 10.392341, 10.411668, 10.34114, 10.225733 ] }, { "date": "2024-06-07", "close": 10.783471, "volume": 3399054, "typical_volume": 2492194.9, "trend": 10.085036, "fair_value": 8.501336, "relative_strength": 7.117883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.479587, "energy": 37.65617, "activity_lines": [ 10.517793, 10.475892, 10.39116, 10.272732 ] }, { "date": "2024-06-14", "close": 10.422721, "volume": 1825254, "typical_volume": 2462623.95, "trend": 10.113588, "fair_value": 8.524004, "relative_strength": 3.23215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.698276, "energy": 27.879115, "activity_lines": [ 10.502915, 10.469225, 10.401856, 10.294518 ] }, { "date": "2024-06-21", "close": 10.373973, "volume": 12490506, "typical_volume": 2967411.05, "trend": 10.141313, "fair_value": 8.545713, "relative_strength": 4.120359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.942541, "energy": 21.117323, "activity_lines": [ 10.460984, 10.453725, 10.407367, 10.311317 ] }, { "date": "2024-06-28", "close": 10.919971, "volume": 8564258, "typical_volume": 3285962.15, "trend": 10.190748, "fair_value": 8.570335, "relative_strength": 8.984768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.830337, "energy": 37.35368, "activity_lines": [ 10.609557, 10.540693, 10.46365, 10.361553 ] }, { "date": "2024-07-05", "close": 10.822471, "volume": 5206945, "typical_volume": 3480368.65, "trend": 10.232919, "fair_value": 8.594802, "relative_strength": 7.045287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.395061, "energy": 35.637128, "activity_lines": [ 10.702871, 10.600749, 10.507324, 10.40231 ] }, { "date": "2024-07-12", "close": 10.695722, "volume": 3977036, "typical_volume": 3582100.9, "trend": 10.268295, "fair_value": 8.619043, "relative_strength": 2.628326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.521672, "energy": 36.995795, "activity_lines": [ 10.713272, 10.629823, 10.535518, 10.432168 ] }, { "date": "2024-07-19", "close": 10.578722, "volume": 5531460, "typical_volume": 3709949.1, "trend": 10.299129, "fair_value": 8.643415, "relative_strength": -0.218694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.549701, "energy": 39.005401, "activity_lines": [ 10.690522, 10.633743, 10.54857, 10.452196 ] }, { "date": "2024-07-26", "close": 10.549471, "volume": 4594962, "typical_volume": 3753233.4, "trend": 10.328667, "fair_value": 8.668127, "relative_strength": -0.828659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.669819, "energy": 24.365258, "activity_lines": [ 10.647621, 10.626561, 10.555946, 10.468347 ] }, { "date": "2024-08-02", "close": 10.471471, "volume": 3723392, "typical_volume": 3829263.75, "trend": 10.355284, "fair_value": 8.690461, "relative_strength": -2.481437, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.558208, "energy": 13.192745, "activity_lines": [ 10.567021, 10.604326, 10.554196, 10.47756 ] }, { "date": "2024-08-09", "close": 10.383721, "volume": 3463918, "typical_volume": 3865320.7, "trend": 10.372231, "fair_value": 8.712937, "relative_strength": -1.743221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.715714, "energy": 12.220586, "activity_lines": [ 10.487071, 10.568085, 10.542398, 10.479394 ] }, { "date": "2024-08-16", "close": 10.598222, "volume": 2175784, "typical_volume": 3835749.8, "trend": 10.400825, "fair_value": 8.736847, "relative_strength": -3.557174, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.260811, "energy": 13.847742, "activity_lines": [ 10.507871, 10.567731, 10.550304, 10.493975 ] }, { "date": "2024-08-23", "close": 10.70547, "volume": 2073853, "typical_volume": 3856906.9, "trend": 10.414046, "fair_value": 8.76209, "relative_strength": -1.082675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.313363, "energy": 14.465777, "activity_lines": [ 10.570921, 10.590244, 10.567919, 10.513629 ] }, { "date": "2024-08-30", "close": 10.76397, "volume": 4742928, "typical_volume": 4020122.15, "trend": 10.43564, "fair_value": 8.786945, "relative_strength": 0.072732, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.311967, "energy": 22.384123, "activity_lines": [ 10.645021, 10.618253, 10.589766, 10.536205 ] }, { "date": "2024-09-06", "close": 11.602468, "volume": 6848959, "typical_volume": 4272718.65, "trend": 10.481651, "fair_value": 8.816705, "relative_strength": 6.340164, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.637776, "energy": 69.2143, "activity_lines": [ 10.98432, 10.791625, 10.69045, 10.611484 ] }, { "date": "2024-09-13", "close": 11.904717, "volume": 6178629, "typical_volume": 4513941.4, "trend": 10.541591, "fair_value": 8.845761, "relative_strength": 7.093382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.774357, "energy": 83.195526, "activity_lines": [ 11.348969, 11.007542, 10.814265, 10.703295 ] }, { "date": "2024-09-20", "close": 11.943718, "volume": 9147246, "typical_volume": 4850231.65, "trend": 10.611181, "fair_value": 8.875067, "relative_strength": 10.268501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.024421, "energy": 89.347114, "activity_lines": [ 11.625218, 11.210874, 10.934561, 10.793755 ] }, { "date": "2024-09-27", "close": 12.089967, "volume": 6846565, "typical_volume": 5062811.95, "trend": 10.681792, "fair_value": 8.905076, "relative_strength": 11.545996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.809848, "energy": 91.58342, "activity_lines": [ 11.860518, 11.418105, 11.061827, 10.88916 ] }, { "date": "2024-10-04", "close": 11.904717, "volume": 6436177, "typical_volume": 5296684.0, "trend": 10.738841, "fair_value": 8.932429, "relative_strength": 8.203283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.406277, "energy": 86.014338, "activity_lines": [ 11.941767, 11.564177, 11.162738, 10.968058 ] }, { "date": "2024-10-11", "close": 12.031467, "volume": 5110083, "typical_volume": 5342407.45, "trend": 10.802685, "fair_value": 8.960948, "relative_strength": 7.307267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.119004, "energy": 82.467375, "activity_lines": [ 11.989217, 11.708654, 11.26904, 11.051454 ] }, { "date": "2024-10-18", "close": 11.914468, "volume": 6227726, "typical_volume": 5428236.75, "trend": 10.858775, "fair_value": 8.988716, "relative_strength": 6.336424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.26445, "energy": 58.805303, "activity_lines": [ 11.969067, 11.803495, 11.35728, 11.123182 ] }, { "date": "2024-10-25", "close": 12.528717, "volume": 6270948, "typical_volume": 5571831.45, "trend": 10.926669, "fair_value": 9.020422, "relative_strength": 12.039437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.747241, "energy": 61.175627, "activity_lines": [ 12.153017, 11.982186, 11.495915, 11.23092 ] }, { "date": "2024-11-01", "close": 12.397092, "volume": 7045836, "typical_volume": 5832860.55, "trend": 10.992424, "fair_value": 9.052693, "relative_strength": 12.487273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.14432, "energy": 56.959235, "activity_lines": [ 12.254092, 12.101845, 11.613704, 11.325786 ] }, { "date": "2024-11-08", "close": 12.167966, "volume": 7904208, "typical_volume": 5603545.65, "trend": 11.046366, "fair_value": 9.08238, "relative_strength": 8.42722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.668095, "energy": 51.319271, "activity_lines": [ 12.258317, 12.149087, 11.70027, 11.401627 ] }, { "date": "2024-11-15", "close": 12.333716, "volume": 13911763, "typical_volume": 5870920.9, "trend": 11.110329, "fair_value": 9.114068, "relative_strength": 10.363341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.053745, "energy": 51.227525, "activity_lines": [ 12.300241, 12.20094, 11.794079, 11.484682 ] }, { "date": "2024-11-22", "close": 12.486007, "volume": 15838405, "typical_volume": 6402493.9, "trend": 11.180332, "fair_value": 9.147144, "relative_strength": 8.416139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.132802, "energy": 47.589539, "activity_lines": [ 12.37278, 12.267185, 11.895659, 11.573435 ] }, { "date": "2024-11-29", "close": 12.603707, "volume": 84852783, "typical_volume": 10446281.25, "trend": 11.251047, "fair_value": 9.179471, "relative_strength": 8.909856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.450638, "energy": 45.546791, "activity_lines": [ 12.446449, 12.344262, 12.000527, 11.665266 ] }, { "date": "2024-12-06", "close": 12.240798, "volume": 6424632, "typical_volume": 10490939.85, "trend": 11.317051, "fair_value": 9.210005, "relative_strength": 7.60858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.542443, "energy": 41.286146, "activity_lines": [ 12.394149, 12.343356, 12.061747, 11.729121 ] }, { "date": "2024-12-13", "close": 11.82885, "volume": 5626323, "typical_volume": 10542507.9, "trend": 11.361295, "fair_value": 9.239081, "relative_strength": 4.227662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.525522, "energy": 28.836328, "activity_lines": [ 12.214953, 12.264808, 12.075819, 11.76214 ] }, { "date": "2024-12-20", "close": 12.456581, "volume": 8953667, "typical_volume": 10804021.65, "trend": 11.423894, "fair_value": 9.27159, "relative_strength": 8.167295, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.585169, "energy": 28.976376, "activity_lines": [ 12.267608, 12.301772, 12.143583, 11.832804 ] }, { "date": "2024-12-27", "close": 12.476198, "volume": 1450850, "typical_volume": 10703368.25, "trend": 11.499351, "fair_value": 9.304224, "relative_strength": 5.586529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.361652, "energy": 26.825583, "activity_lines": [ 12.318611, 12.334573, 12.203762, 11.900694 ] }, { "date": "2025-01-03", "close": 12.128002, "volume": 909058, "typical_volume": 10640031.95, "trend": 11.544169, "fair_value": 9.333976, "relative_strength": 3.484949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.672782, "energy": 20.736384, "activity_lines": [ 12.254203, 12.293853, 12.220816, 11.941253 ] }, { "date": "2025-01-10", "close": 11.622874, "volume": 4002109, "typical_volume": 10736444.75, "trend": 11.584174, "fair_value": 9.360134, "relative_strength": 0.349007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.726903, "energy": 6.896871, "activity_lines": [ 12.053132, 12.168577, 12.182477, 11.94633 ] }, { "date": "2025-01-17", "close": 11.681724, "volume": 3129368, "typical_volume": 10655766.75, "trend": 11.627766, "fair_value": 9.388741, "relative_strength": -1.059692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.511244, "energy": 10.716531, "activity_lines": [ 11.912873, 12.068078, 12.145375, 11.952624 ] }, { "date": "2025-01-24", "close": 11.44142, "volume": 3215242, "typical_volume": 10474080.9, "trend": 11.645147, "fair_value": 9.416843, "relative_strength": -2.329926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.377246, "energy": 22.705951, "activity_lines": [ 11.702321, 11.932728, 12.081016, 11.940602 ] }, { "date": "2025-01-31", "close": 10.99514, "volume": 4177666, "typical_volume": 10374032.75, "trend": 11.650903, "fair_value": 9.441344, "relative_strength": -5.921608, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.501867, "energy": 54.839362, "activity_lines": [ 11.410687, 11.732459, 11.974921, 11.898666 ] }, { "date": "2025-02-07", "close": 10.955907, "volume": 5940918, "typical_volume": 10213716.35, "trend": 11.659576, "fair_value": 9.465653, "relative_strength": -5.557595, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.93857, "energy": 62.277181, "activity_lines": [ 11.204712, 11.552164, 11.869421, 11.853827 ] }, { "date": "2025-02-14", "close": 10.916674, "volume": 3664271, "typical_volume": 10054601.65, "trend": 11.670841, "fair_value": 9.488705, "relative_strength": -6.482894, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.331586, "energy": 69.576637, "activity_lines": [ 11.063799, 11.394696, 11.764888, 11.805898 ] }, { "date": "2025-02-21", "close": 10.612616, "volume": 8136750, "typical_volume": 10139630.3, "trend": 11.672945, "fair_value": 9.510222, "relative_strength": -7.383491, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.882744, "energy": 74.198182, "activity_lines": [ 10.868613, 11.20602, 11.636985, 11.737626 ] }, { "date": "2025-02-28", "close": 10.681274, "volume": 13276735, "typical_volume": 10547962.9, "trend": 11.679939, "fair_value": 9.530048, "relative_strength": -5.663255, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.49752, "energy": 80.908115, "activity_lines": [ 10.767587, 11.05194, 11.521773, 11.673647 ] }, { "date": "2025-03-07", "close": 10.337982, "volume": 5042612, "typical_volume": 10488707.2, "trend": 11.678414, "fair_value": 9.548947, "relative_strength": -7.168428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.029753, "energy": 83.144663, "activity_lines": [ 10.602807, 10.867721, 11.380297, 11.587069 ] }, { "date": "2025-03-14", "close": 9.965265, "volume": 6774016, "typical_volume": 10513860.6, "trend": 11.657316, "fair_value": 9.566491, "relative_strength": -9.449472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.731728, "energy": 89.419448, "activity_lines": [ 10.357599, 10.654613, 11.21083, 11.476543 ] }, { "date": "2025-03-21", "close": 10.563574, "volume": 10657736, "typical_volume": 10694455.6, "trend": 11.652586, "fair_value": 9.585445, "relative_strength": -2.840034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.084266, "energy": 74.275231, "activity_lines": [ 10.377869, 10.58961, 11.110553, 11.405979 ] }, { "date": "2025-03-28", "close": 10.318366, "volume": 4303337, "typical_volume": 10514412.05, "trend": 11.637732, "fair_value": 9.6033, "relative_strength": -6.384572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.612369, "energy": 63.728931, "activity_lines": [ 10.339944, 10.499285, 10.995653, 11.3199 ] }, { "date": "2025-04-04", "close": 9.563124, "volume": 7511122, "typical_volume": 10194380.0, "trend": 11.569754, "fair_value": 9.615012, "relative_strength": -12.635079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.90409, "energy": 74.055032, "activity_lines": [ 10.069888, 10.296431, 10.817633, 11.186055 ] }, { "date": "2025-04-11", "close": 9.5337, "volume": 7521156, "typical_volume": 9778517.55, "trend": 11.49072, "fair_value": 9.627512, "relative_strength": -11.236552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.305751, "energy": 64.925483, "activity_lines": [ 9.864567, 10.122377, 10.650004, 11.054696 ] }, { "date": "2025-04-18", "close": 10.426257, "volume": 4536511, "typical_volume": 5762703.95, "trend": 11.440138, "fair_value": 9.645941, "relative_strength": -3.679505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.291878, "energy": 53.013166, "activity_lines": [ 10.010384, 10.137179, 10.581439, 10.986021 ] }, { "date": "2025-04-25", "close": 10.190858, "volume": 1820694, "typical_volume": 5532507.05, "trend": 11.376835, "fair_value": 9.661559, "relative_strength": -4.99673, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.505234, "energy": 48.520959, "activity_lines": [ 10.047002, 10.118811, 10.500824, 10.905423 ] }, { "date": "2025-05-02", "close": 10.867632, "volume": 6060165, "typical_volume": 5554199.15, "trend": 11.342265, "fair_value": 9.682994, "relative_strength": -1.243045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.982605, "energy": 29.21826, "activity_lines": [ 10.334059, 10.236689, 10.494425, 10.872571 ] }, { "date": "2025-05-09", "close": 11.377666, "volume": 4968284, "typical_volume": 5354930.0, "trend": 11.320472, "fair_value": 9.710066, "relative_strength": 1.053427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.329033, "energy": 19.0949, "activity_lines": [ 10.75451, 10.442664, 10.541178, 10.874855 ] }, { "date": "2025-05-16", "close": 11.367858, "volume": 4062114, "typical_volume": 5485493.2, "trend": 11.302252, "fair_value": 9.734708, "relative_strength": -0.450242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.540867, "energy": 21.14127, "activity_lines": [ 11.050722, 10.634194, 10.592135, 10.877912 ] }, { "date": "2025-05-23", "close": 10.93629, "volume": 3350615, "typical_volume": 5607571.05, "trend": 11.249171, "fair_value": 9.757826, "relative_strength": -2.720861, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.135657, "energy": 23.326367, "activity_lines": [ 11.0808, 10.728532, 10.607268, 10.854301 ] }, { "date": "2025-05-30", "close": 10.342887, "volume": 10439333, "typical_volume": 5929432.25, "trend": 11.180697, "fair_value": 9.776121, "relative_strength": -6.627688, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.825201, "energy": 20.194669, "activity_lines": [ 10.879076, 10.697324, 10.571561, 10.795832 ] }, { "date": "2025-06-06", "close": 10.151625, "volume": 4946652, "typical_volume": 6020296.45, "trend": 11.113486, "fair_value": 9.794091, "relative_strength": -9.210456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.798268, "energy": 18.464914, "activity_lines": [ 10.603462, 10.635353, 10.523734, 10.72944 ] }, { "date": "2025-06-13", "close": 10.211762, "volume": 5139635, "typical_volume": 6116516.1, "trend": 11.042754, "fair_value": 9.812446, "relative_strength": -8.466975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.810533, "energy": 29.730626, "activity_lines": [ 10.395627, 10.587348, 10.48892, 10.671264 ] }, { "date": "2025-06-20", "close": 10.634147, "volume": 8322125, "typical_volume": 6323739.05, "trend": 10.981025, "fair_value": 9.834351, "relative_strength": -4.717157, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.216998, "energy": 28.118845, "activity_lines": [ 10.406315, 10.604347, 10.500189, 10.644902 ] }, { "date": "2025-06-27", "close": 10.634147, "volume": 4115765, "typical_volume": 6232481.4, "trend": 10.915373, "fair_value": 9.857156, "relative_strength": -4.647875, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.132056, "energy": 22.283775, "activity_lines": [ 10.465916, 10.601338, 10.513177, 10.622523 ] }, { "date": "2025-07-04", "close": 10.703716, "volume": 3522412, "typical_volume": 6225388.45, "trend": 10.864137, "fair_value": 9.878335, "relative_strength": -5.237155, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.215199, "energy": 11.950292, "activity_lines": [ 10.568851, 10.607198, 10.534323, 10.608868 ] }, { "date": "2025-07-11", "close": 10.832916, "volume": 4754411, "typical_volume": 6056271.5, "trend": 10.830939, "fair_value": 9.899831, "relative_strength": -3.431393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.548902, "energy": 8.597213, "activity_lines": [ 10.690796, 10.627224, 10.568787, 10.606854 ] }, { "date": "2025-07-18", "close": 11.478916, "volume": 5155324, "typical_volume": 5650200.95, "trend": 10.798351, "fair_value": 9.925558, "relative_strength": 0.716181, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.178713, "energy": 38.793749, "activity_lines": [ 10.982656, 10.765335, 10.663727, 10.648658 ] }, { "date": "2025-07-25", "close": 11.379531, "volume": 3475543, "typical_volume": 5571847.5, "trend": 10.761795, "fair_value": 9.948155, "relative_strength": -0.014099, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.68644, "energy": 52.104445, "activity_lines": [ 11.15691, 10.883536, 10.745403, 10.686154 ] }, { "date": "2025-08-01", "close": 11.553454, "volume": 3401042, "typical_volume": 5403198.8, "trend": 10.742643, "fair_value": 9.96769, "relative_strength": 2.355047, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.656186, "energy": 60.645576, "activity_lines": [ 11.339446, 11.033147, 10.838683, 10.737229 ] }, { "date": "2025-08-08", "close": 11.767131, "volume": 4613689, "typical_volume": 5100996.45, "trend": 10.747452, "fair_value": 9.988987, "relative_strength": 3.160701, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.177292, "energy": 76.188706, "activity_lines": [ 11.531921, 11.210387, 10.94475, 10.803325 ] }, { "date": "2025-08-15", "close": 11.866515, "volume": 2966108, "typical_volume": 5034135.0, "trend": 10.753612, "fair_value": 10.010559, "relative_strength": 3.473714, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.534153, "energy": 75.85122, "activity_lines": [ 11.686629, 11.379802, 11.054552, 10.875522 ] }, { "date": "2025-08-22", "close": 11.8367, "volume": 3630261, "typical_volume": 4840091.95, "trend": 10.766788, "fair_value": 10.032031, "relative_strength": 1.882937, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.623506, "energy": 73.64302, "activity_lines": [ 11.762493, 11.512616, 11.154142, 10.945399 ] }, { "date": "2025-08-29", "close": 11.290085, "volume": 5167168, "typical_volume": 4722392.55, "trend": 10.776619, "fair_value": 10.048947, "relative_strength": -1.99779, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.653108, "energy": 54.021598, "activity_lines": [ 11.632299, 11.516501, 11.190847, 10.97916 ] }, { "date": "2025-09-05", "close": 12.005653, "volume": 3312074, "typical_volume": 4661170.7, "trend": 10.811611, "fair_value": 10.06979, "relative_strength": 1.932037, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.741686, "energy": 48.803317, "activity_lines": [ 11.746591, 11.638563, 11.287337, 11.058453 ] }, { "date": "2025-09-12", "close": 12.403192, "volume": 3231420, "typical_volume": 4731707.0, "trend": 10.861161, "fair_value": 10.094322, "relative_strength": 5.24986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.919241, "energy": 52.69835, "activity_lines": [ 11.963249, 11.807969, 11.414167, 11.161135 ] }, { "date": "2025-09-19", "close": 12.264054, "volume": 6731795, "typical_volume": 4765288.5, "trend": 10.916209, "fair_value": 10.118053, "relative_strength": 4.107634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.638858, "energy": 51.029532, "activity_lines": [ 12.091124, 11.921177, 11.517211, 11.251645 ] }, { "date": "2025-09-26", "close": 12.124915, "volume": 4005160, "typical_volume": 4717132.3, "trend": 10.964331, "fair_value": 10.143805, "relative_strength": 3.970729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.255857, "energy": 54.478025, "activity_lines": [ 12.146117, 11.983066, 11.600354, 11.329626 ] }, { "date": "2025-10-03", "close": 12.592023, "volume": 4061266, "typical_volume": 4717089.9, "trend": 11.039465, "fair_value": 10.173874, "relative_strength": 4.787536, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.34969, "energy": 65.619904, "activity_lines": [ 12.337598, 12.118139, 11.724426, 11.434638 ] }, { "date": "2025-10-10", "close": 12.194485, "volume": 2921295, "typical_volume": 4695623.9, "trend": 11.113773, "fair_value": 10.203377, "relative_strength": 1.900805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.87918, "energy": 46.61566, "activity_lines": [ 12.309771, 12.158887, 11.804807, 11.509155 ] }, { "date": "2025-10-17", "close": 12.3535, "volume": 3876446, "typical_volume": 4367479.55, "trend": 11.173437, "fair_value": 10.23423, "relative_strength": 4.611517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.219252, "energy": 44.969514, "activity_lines": [ 12.32236, 12.216891, 11.894341, 11.589138 ] }, { "date": "2025-10-24", "close": 12.164669, "volume": 2410062, "typical_volume": 4240650.05, "trend": 11.23498, "fair_value": 10.261138, "relative_strength": 2.385791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.050911, "energy": 40.505443, "activity_lines": [ 12.275317, 12.229902, 11.956316, 11.653088 ] }, { "date": "2025-10-31", "close": 12.283931, "volume": 3173797, "typical_volume": 4142358.15, "trend": 11.325674, "fair_value": 10.288271, "relative_strength": 2.371968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.342691, "energy": 35.8219, "activity_lines": [ 12.274655, 12.259175, 12.020065, 11.720762 ] }, { "date": "2025-11-07", "close": 12.264054, "volume": 3324879, "typical_volume": 3892495.85, "trend": 11.416686, "fair_value": 10.315817, "relative_strength": 1.936755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.386504, "energy": 31.884131, "activity_lines": [ 12.256766, 12.276703, 12.072052, 11.781303 ] }, { "date": "2025-11-14", "close": 11.7075, "volume": 5696593, "typical_volume": 3971537.25, "trend": 11.459394, "fair_value": 10.338713, "relative_strength": -1.495229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.725482, "energy": 17.555103, "activity_lines": [ 12.075223, 12.175331, 12.063273, 11.800065 ] }, { "date": "2025-11-21", "close": 11.478916, "volume": 4072702, "typical_volume": 3999051.75, "trend": 11.502329, "fair_value": 10.359904, "relative_strength": -2.878415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.356398, "energy": 13.029335, "activity_lines": [ 11.849952, 12.037818, 12.027613, 11.801325 ] }, { "date": "2025-11-28", "close": 11.67, "volume": 4625886, "typical_volume": 3992625.5, "trend": 11.529075, "fair_value": 10.381424, "relative_strength": -1.55856, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.807276, "energy": 15.327212, "activity_lines": [ 11.74668, 11.951854, 12.00646, 11.812142 ] }, { "date": "2025-12-05", "close": 11.78, "volume": 3839733, "typical_volume": 3926845.95, "trend": 11.542486, "fair_value": 10.402437, "relative_strength": -0.414016, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.213455, "energy": 18.593989, "activity_lines": [ 11.713053, 11.89669, 11.991797, 11.828331 ] }, { "date": "2025-12-12", "close": 11.38, "volume": 4486454, "typical_volume": 3977391.5, "trend": 11.54289, "fair_value": 10.422703, "relative_strength": -3.075376, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.091385, "energy": 21.724452, "activity_lines": [ 11.579689, 11.775071, 11.937605, 11.817848 ] }, { "date": "2025-12-19", "close": 10.98, "volume": 7508434, "typical_volume": 4182761.1, "trend": 11.544347, "fair_value": 10.441313, "relative_strength": -5.672869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.851943, "energy": 48.088796, "activity_lines": [ 11.371928, 11.602761, 11.845316, 11.781533 ] }, { "date": "2025-12-26", "close": 11.31, "volume": 1614047, "typical_volume": 4032779.0, "trend": 11.576585, "fair_value": 10.461433, "relative_strength": -4.012979, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.389914, "energy": 43.061543, "activity_lines": [ 11.322667, 11.512532, 11.787186, 11.766413 ] }, { "date": "2026-01-02", "close": 11.08, "volume": 1047772, "typical_volume": 3936862.2, "trend": 11.60753, "fair_value": 10.479776, "relative_strength": -5.870145, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.465286, "energy": 53.268227, "activity_lines": [ 11.208, 11.399458, 11.709328, 11.734376 ] }, { "date": "2026-01-09", "close": 11.26, "volume": 3240890, "typical_volume": 3917393.65, "trend": 11.642472, "fair_value": 10.499333, "relative_strength": -5.207367, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.572534, "energy": 43.841228, "activity_lines": [ 11.192667, 11.338833, 11.652358, 11.711954 ] }, { "date": "2026-01-16", "close": 11.26, "volume": 3460824, "typical_volume": 3832076.45, "trend": 11.663333, "fair_value": 10.518527, "relative_strength": -5.213634, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.402649, "energy": 29.723658, "activity_lines": [ 11.212, 11.296824, 11.598134, 11.687279 ] }, { "date": "2026-01-23", "close": 10.81, "volume": 3057103, "typical_volume": 3819327.9, "trend": 11.669195, "fair_value": 10.533928, "relative_strength": -7.021631, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.716555, "energy": 48.943681, "activity_lines": [ 11.089333, 11.191253, 11.501196, 11.632225 ] }, { "date": "2026-01-30", "close": 11.08, "volume": 3248525, "typical_volume": 3820183.15, "trend": 11.681738, "fair_value": 10.550576, "relative_strength": -4.477486, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.778551, "energy": 37.028016, "activity_lines": [ 11.068, 11.151091, 11.435667, 11.594212 ] }, { "date": "2026-02-06", "close": 10.83, "volume": 3819959, "typical_volume": 3674591.35, "trend": 11.681641, "fair_value": 10.565621, "relative_strength": -6.686991, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.65914, "energy": 42.734349, "activity_lines": [ 10.978667, 11.072727, 11.352628, 11.539262 ] }, { "date": "2026-02-13", "close": 11.22, "volume": 4779586, "typical_volume": 3713312.65, "trend": 11.67301, "fair_value": 10.583953, "relative_strength": -1.54719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.386513, "energy": 37.125699, "activity_lines": [ 11.036, 11.080545, 11.313562, 11.509478 ] }, { "date": "2026-02-20", "close": 10.84, "volume": 3664081, "typical_volume": 3693453.4, "trend": 11.655026, "fair_value": 10.600515, "relative_strength": -5.633064, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.898247, "energy": 38.450306, "activity_lines": [ 10.969333, 11.029455, 11.242614, 11.455736 ] }, { "date": "2026-02-27", "close": 11.22, "volume": 6429061, "typical_volume": 3868841.7, "trend": 11.643911, "fair_value": 10.619937, "relative_strength": -5.211508, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.11946, "energy": 27.569037, "activity_lines": [ 11.057333, 11.057273, 11.216199, 11.427669 ] }, { "date": "2026-03-06", "close": 10.84, "volume": 4034504, "typical_volume": 3876744.6, "trend": 11.613006, "fair_value": 10.637831, "relative_strength": -6.97634, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.091119, "energy": 31.748328, "activity_lines": [ 10.991333, 11.011636, 11.158235, 11.375804 ] }, { "date": "2026-03-13", "close": 10.75, "volume": 3661851, "typical_volume": 3939334.05, "trend": 11.575789, "fair_value": 10.652666, "relative_strength": -5.431949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.164356, "energy": 37.22259, "activity_lines": [ 10.911333, 10.958182, 11.098906, 11.320126 ] }, { "date": "2026-03-20", "close": 10.83, "volume": 6417058, "typical_volume": 4101497.1, "trend": 11.542233, "fair_value": 10.668377, "relative_strength": -3.198002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.736189, "energy": 35.58817, "activity_lines": [ 10.863333, 10.925273, 11.053932, 11.272011 ] }, { "date": "2026-03-27", "close": 11.71, "volume": 4255785, "typical_volume": 4148042.4, "trend": 11.55623, "fair_value": 10.687731, "relative_strength": 4.955974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.415185, "energy": 12.586156, "activity_lines": [ 11.134667, 11.060182, 11.099692, 11.282835 ] }, { "date": "2026-04-03", "close": 11.48, "volume": 4400509, "typical_volume": 4083238.2, "trend": 11.538708, "fair_value": 10.705125, "relative_strength": 2.912844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.598138, "energy": 9.326449, "activity_lines": [ 11.271333, 11.145091, 11.126185, 11.277917 ] }, { "date": "2026-04-10", "close": 12.001463, "volume": 3521653, "typical_volume": 4055685.75, "trend": 11.525317, "fair_value": 10.726257, "relative_strength": 5.033965, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.205572, "energy": 29.573581, "activity_lines": [ 11.564488, 11.31263, 11.203425, 11.307772 ] }, { "date": "2026-04-17", "close": 11.942001, "volume": 4136913, "typical_volume": 4031237.1, "trend": 11.514582, "fair_value": 10.746068, "relative_strength": 6.593109, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.311949, "energy": 39.47521, "activity_lines": [ 11.76039, 11.452603, 11.272513, 11.334655 ] }, { "date": "2026-04-24", "close": 12.110477, "volume": 5627979, "typical_volume": 4120649.4, "trend": 11.514101, "fair_value": 10.765869, "relative_strength": 8.132981, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.0316, "energy": 58.157361, "activity_lines": [ 11.932985, 11.602991, 11.356352, 11.3731 ] }, { "date": "2026-05-01", "close": 12.635727, "volume": 4594380, "typical_volume": 4126045.7, "trend": 11.515557, "fair_value": 10.790824, "relative_strength": 11.186502, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.240274, "energy": 72.240294, "activity_lines": [ 12.195298, 11.832687, 11.48864, 11.445463 ] }, { "date": "2026-05-08", "close": 14.905203, "volume": 7919056, "typical_volume": 4146576.8, "trend": 11.605915, "fair_value": 10.828873, "relative_strength": 29.151622, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 97.443872, "energy": 95.765253, "activity_lines": [ 13.152388, 12.442367, 11.83109, 11.664149 ] }, { "date": "2026-05-15", "close": 15.11332, "volume": 8219601, "typical_volume": 4476854.5, "trend": 11.697909, "fair_value": 10.866743, "relative_strength": 32.273846, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.264546, "energy": 97.680383, "activity_lines": [ 13.950503, 13.022882, 12.174669, 11.890434 ] }, { "date": "2026-05-22", "close": 15.757495, "volume": 6189270, "typical_volume": 4733929.4, "trend": 11.81767, "fair_value": 10.907198, "relative_strength": 36.604965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.090884, "energy": 97.331886, "activity_lines": [ 14.755886, 13.642823, 12.561486, 12.152342 ] }, { "date": "2026-05-29", "close": 15.618751, "volume": 13340389, "typical_volume": 5238904.35, "trend": 11.92883, "fair_value": 10.946058, "relative_strength": 31.82415, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.79064, "energy": 92.733851, "activity_lines": [ 15.260655, 14.146492, 12.912816, 12.397573 ] }, { "date": "2026-06-05", "close": 15.281797, "volume": 1195212, "typical_volume": 5125623.75, "trend": 12.029422, "fair_value": 10.983616, "relative_strength": 28.811882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.413433, "energy": 88.302566, "activity_lines": [ 15.419221, 14.501829, 13.2113, 12.613894 ] }, { "date": "2026-06-12", "close": 14.81, "volume": 1405999, "typical_volume": 5043068.55, "trend": 12.132838, "fair_value": 11.01953, "relative_strength": 21.913563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.609738, "energy": 68.432945, "activity_lines": [ 15.244117, 14.706443, 13.445699, 12.793286 ] }, { "date": "2026-06-19", "close": 15.07, "volume": 6849951, "typical_volume": 5223139.85, "trend": 12.252541, "fair_value": 11.056805, "relative_strength": 22.416082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.078703, "energy": 63.78258, "activity_lines": [ 15.162026, 14.897785, 13.685812, 12.98278 ] }, { "date": "2026-06-26", "close": 15.2, "volume": 714446, "typical_volume": 5067864.2, "trend": 12.370208, "fair_value": 11.091999, "relative_strength": 22.747862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.219602, "energy": 61.784293, "activity_lines": [ 15.126156, 15.056971, 13.919306, 13.172939 ] }, { "date": "2026-07-03", "close": 15.12, "volume": 571407, "typical_volume": 4857455.25, "trend": 12.481541, "fair_value": 11.126681, "relative_strength": 20.311946, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.199001, "energy": 54.16777, "activity_lines": [ 15.100786, 15.142375, 14.124372, 13.350345 ] }, { "date": "2026-07-10", "close": 15.5, "volume": 2946367, "typical_volume": 4821569.55, "trend": 12.618874, "fair_value": 11.16478, "relative_strength": 21.156435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.214379, "energy": 56.776533, "activity_lines": [ 15.235333, 15.242151, 14.347056, 13.545084 ] }, { "date": "2026-07-17", "close": 15.32, "volume": 3361324, "typical_volume": 4668182.7, "trend": 12.763541, "fair_value": 11.202584, "relative_strength": 19.979498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.835494, "energy": 55.00423, "activity_lines": [ 15.295333, 15.257123, 14.530407, 13.71935 ] }, { "date": "2026-07-24", "close": 15.53, "volume": 3207304, "typical_volume": 4626822.7, "trend": 12.904208, "fair_value": 11.241611, "relative_strength": 20.337364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.771631, "energy": 54.428797, "activity_lines": [ 15.391333, 15.302734, 14.714235, 13.897832 ] }, { "date": "2026-07-31", "close": 14.78, "volume": 3836190, "typical_volume": 4635539.65, "trend": 13.027541, "fair_value": 11.275523, "relative_strength": 14.732925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.855532, "energy": 45.023717, "activity_lines": [ 15.206667, 15.204406, 14.8043, 14.01885 ] }, { "date": "2026-08-07", "close": 14.95, "volume": 2686445, "typical_volume": 4449009.0, "trend": 13.150541, "fair_value": 11.310465, "relative_strength": 14.616951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.731377, "energy": 38.15768, "activity_lines": [ 15.106667, 15.15476, 14.891366, 14.14288 ] } ], "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." } } }