{ "ticker": { "uuid": "802820ea-5e4e-46e7-a4e7-b4b5daaf7c8e", "symbol": "DUE", "name": "D\u00fcrr Aktiengesellschaft", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -56.442, "architecture_energy": 39.999, "architecture_maturity": 32.85, "architecture_confidence": 86.341, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.59, "rotation_up": 21.59, "upward_expansion": 5.63, "deceleration": 56.99, "rotation_down": 48.65, "downward_expansion": 76.63 }, "activity_lines": [ 18.013334, 18.165091, 18.980957, 19.36194 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 18.120001, "trend_reference": 20.067254, "distance_from_trend": -0.097036, "trend_direction": "Weakening", "fair_value": 20.310169, "distance_from_fair_value": -0.107836, "fair_value_direction": "Weakening", "relative_strength": -16.225559, "relative_strength_direction": "Weakening", "price_momentum": -0.187101, "excess_performance": -0.251741, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.097036, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.026555, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.107836, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.167169, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.162256, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.218865, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.187101, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.993363, "read": "Supply-led" } ], "volume": { "latest": 536051, "relative_activity": 1.231214, "balance": 0.993363, "dry_up": 1.266842, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.072135, "annualized_volatility": 0.480699, "from_high_reference": -0.250255, "from_low_reference": 0.094105 }, "levels": { "trend_reference": 20.067254, "fair_value_reference": 20.310169, "structural_low": 16.561486, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.001546, "positive_rate": 0.518519, "directional_follow_through": 0.481481, "median_excess_return": -0.008083, "regime_survival": 0.851852, "best_return": 0.202575, "worst_return": -0.177205, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.031458, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.030892, "regime_survival": 0.555556, "best_return": 0.492674, "worst_return": -0.209495, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.05075, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.010097, "regime_survival": 0.333333, "best_return": 0.619963, "worst_return": -0.322482, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.097555, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.138599, "regime_survival": 0.0, "best_return": 0.190883, "worst_return": -0.133287, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": 0.033316, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-10-04", "tenure": "Developing", "return": 0.164949, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-10-25", "tenure": "New", "return": -0.02595, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-12-13", "tenure": "Developing", "return": 0.059869, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-03-28", "tenure": "Established", "return": 0.126546, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.199791, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-09-12", "tenure": "Established", "return": -0.094199, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2025-12-12", "tenure": "Established", "return": 0.076884, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.074163, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-02-06", "tenure": "Developing", "return": 0.015351, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.231557, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.216362, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": -0.136156, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.017354, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 24.078777, "volume": 352601, "typical_volume": 498001.55, "trend": 27.639193, "fair_value": 27.633696, "relative_strength": -13.561569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.690608, "energy": 42.490245, "activity_lines": [ 25.287253, 25.589124, 25.989778, 26.58842 ] }, { "date": "2023-08-25", "close": 24.096924, "volume": 302361, "typical_volume": 494730.5, "trend": 27.415419, "fair_value": 27.63514, "relative_strength": -13.862068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.757569, "energy": 48.630257, "activity_lines": [ 24.810637, 25.237106, 25.770786, 26.359886 ] }, { "date": "2023-09-01", "close": 24.931606, "volume": 238726, "typical_volume": 488273.65, "trend": 27.205892, "fair_value": 27.643811, "relative_strength": -12.137398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.591956, "energy": 57.310745, "activity_lines": [ 24.721121, 25.118337, 25.647065, 26.19964 ] }, { "date": "2023-09-08", "close": 23.879181, "volume": 226484, "typical_volume": 475171.4, "trend": 26.970138, "fair_value": 27.647722, "relative_strength": -15.394207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.303773, "energy": 64.80602, "activity_lines": [ 24.331602, 24.83857, 25.43829, 25.985013 ] }, { "date": "2023-09-15", "close": 23.588856, "volume": 540591, "typical_volume": 486268.45, "trend": 26.706409, "fair_value": 27.653964, "relative_strength": -17.184135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.873778, "energy": 66.388677, "activity_lines": [ 24.03523, 24.560783, 25.220198, 25.766866 ] }, { "date": "2023-09-22", "close": 23.280386, "volume": 390244, "typical_volume": 490734.55, "trend": 26.4383, "fair_value": 27.663855, "relative_strength": -16.438767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.332019, "energy": 66.080032, "activity_lines": [ 23.757002, 24.26452, 24.992782, 25.545832 ] }, { "date": "2023-09-29", "close": 23.316677, "volume": 405205, "typical_volume": 459322.2, "trend": 26.180255, "fair_value": 27.666697, "relative_strength": -15.333147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.302887, "energy": 66.318059, "activity_lines": [ 23.544098, 24.005537, 24.790764, 25.344437 ] }, { "date": "2023-10-06", "close": 21.701748, "volume": 477356, "typical_volume": 463545.6, "trend": 25.906153, "fair_value": 27.653781, "relative_strength": -20.166385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.578335, "energy": 79.311433, "activity_lines": [ 22.8449, 23.49681, 24.44609, 25.055502 ] }, { "date": "2023-10-13", "close": 21.012226, "volume": 508281, "typical_volume": 468283.05, "trend": 25.69111, "fair_value": 27.635894, "relative_strength": -22.189741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.287808, "energy": 84.270934, "activity_lines": [ 22.131185, 22.935296, 24.056226, 24.739764 ] }, { "date": "2023-10-20", "close": 17.991039, "volume": 1400061, "typical_volume": 509558.4, "trend": 25.365916, "fair_value": 27.598198, "relative_strength": -31.224406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.825902, "energy": 93.344486, "activity_lines": [ 20.601539, 21.928398, 23.398762, 24.242986 ] }, { "date": "2023-10-27", "close": 17.455753, "volume": 1173170, "typical_volume": 541717.75, "trend": 24.97271, "fair_value": 27.574062, "relative_strength": -32.323003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.392138, "energy": 95.571168, "activity_lines": [ 19.266651, 20.958946, 22.727085, 23.732652 ] }, { "date": "2023-11-03", "close": 18.363018, "volume": 573929, "typical_volume": 519458.6, "trend": 24.671131, "fair_value": 27.550556, "relative_strength": -30.676295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.398069, "energy": 89.841861, "activity_lines": [ 18.622495, 20.274869, 22.182684, 23.306221 ] }, { "date": "2023-11-10", "close": 18.707777, "volume": 639030, "typical_volume": 530397.95, "trend": 24.357434, "fair_value": 27.520434, "relative_strength": -28.967321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.182768, "energy": 87.591495, "activity_lines": [ 18.423501, 19.757729, 21.719763, 22.921488 ] }, { "date": "2023-11-17", "close": 19.034391, "volume": 803090, "typical_volume": 545692.5, "trend": 24.067609, "fair_value": 27.489095, "relative_strength": -30.240524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.269501, "energy": 81.538058, "activity_lines": [ 18.532977, 19.413133, 21.325535, 22.578066 ] }, { "date": "2023-11-24", "close": 18.580761, "volume": 702207, "typical_volume": 553624.2, "trend": 23.760302, "fair_value": 27.435432, "relative_strength": -31.739387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.54797, "energy": 63.412177, "activity_lines": [ 18.623099, 19.074147, 20.925518, 22.224076 ] }, { "date": "2023-12-01", "close": 18.508181, "volume": 708190, "typical_volume": 566897.9, "trend": 23.447625, "fair_value": 27.389467, "relative_strength": -32.837048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.792968, "energy": 59.777335, "activity_lines": [ 18.649713, 18.81302, 20.552288, 21.885229 ] }, { "date": "2023-12-08", "close": 18.598906, "volume": 721632, "typical_volume": 585087.4, "trend": 23.212341, "fair_value": 27.346842, "relative_strength": -33.210785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.20453, "energy": 55.944643, "activity_lines": [ 18.636406, 18.655156, 20.218458, 21.572409 ] }, { "date": "2023-12-15", "close": 18.834795, "volume": 2128219, "typical_volume": 668888.25, "trend": 22.973429, "fair_value": 27.283885, "relative_strength": -31.615268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.558947, "energy": 49.892128, "activity_lines": [ 18.686004, 18.625959, 19.941051, 21.289986 ] }, { "date": "2023-12-22", "close": 19.270281, "volume": 686097, "typical_volume": 669334.5, "trend": 22.774436, "fair_value": 27.224822, "relative_strength": -29.125597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.471305, "energy": 44.19484, "activity_lines": [ 18.872295, 18.728067, 19.737781, 21.051074 ] }, { "date": "2023-12-29", "close": 19.397299, "volume": 234328, "typical_volume": 660590.1, "trend": 22.56395, "fair_value": 27.164919, "relative_strength": -28.133374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.54909, "energy": 37.374399, "activity_lines": [ 19.0852, 18.884942, 19.582121, 20.833194 ] }, { "date": "2024-01-05", "close": 19.143263, "volume": 680431, "typical_volume": 676981.6, "trend": 22.33411, "fair_value": 27.106256, "relative_strength": -27.595059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.495524, "energy": 31.143289, "activity_lines": [ 19.15899, 18.970059, 19.430867, 20.612504 ] }, { "date": "2024-01-12", "close": 19.161411, "volume": 413384, "typical_volume": 682532.75, "trend": 22.020197, "fair_value": 27.042965, "relative_strength": -27.207347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.186854, "energy": 27.175008, "activity_lines": [ 19.196491, 19.027795, 19.304844, 20.407814 ] }, { "date": "2024-01-19", "close": 18.671486, "volume": 712971, "typical_volume": 706245.0, "trend": 21.755881, "fair_value": 26.976313, "relative_strength": -27.582602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.571202, "energy": 36.077939, "activity_lines": [ 19.033183, 18.981936, 19.155663, 20.191768 ] }, { "date": "2024-01-26", "close": 20.159399, "volume": 774778, "typical_volume": 733659.7, "trend": 21.531484, "fair_value": 26.920523, "relative_strength": -22.879707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.761294, "energy": 19.772325, "activity_lines": [ 19.376733, 19.207268, 19.177999, 20.088769 ] }, { "date": "2024-02-02", "close": 19.342861, "volume": 424212, "typical_volume": 727840.75, "trend": 21.320999, "fair_value": 26.851003, "relative_strength": -24.996767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.324062, "energy": 18.380628, "activity_lines": [ 19.38883, 19.263683, 19.140283, 19.947568 ] }, { "date": "2024-02-09", "close": 18.290436, "volume": 729820, "typical_volume": 744819.55, "trend": 21.098417, "fair_value": 26.779591, "relative_strength": -28.260376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.464485, "energy": 31.764678, "activity_lines": [ 19.053747, 19.114891, 19.022555, 19.752048 ] }, { "date": "2024-02-16", "close": 18.435598, "volume": 558751, "typical_volume": 752496.85, "trend": 20.85527, "fair_value": 26.70569, "relative_strength": -27.612535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.051321, "energy": 30.750276, "activity_lines": [ 18.823907, 18.996452, 18.942413, 19.580253 ] }, { "date": "2024-02-23", "close": 18.108982, "volume": 491839, "typical_volume": 753221.0, "trend": 20.602446, "fair_value": 26.64128, "relative_strength": -29.193937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.200807, "energy": 44.763888, "activity_lines": [ 18.533582, 18.821597, 18.854408, 19.403073 ] }, { "date": "2024-03-01", "close": 18.85294, "volume": 985933, "typical_volume": 777103.6, "trend": 20.339945, "fair_value": 26.573032, "relative_strength": -26.703989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.026981, "energy": 38.8726, "activity_lines": [ 18.528744, 18.795204, 18.854365, 19.290202 ] }, { "date": "2024-03-08", "close": 19.43359, "volume": 585805, "typical_volume": 736390.8, "trend": 20.140952, "fair_value": 26.499902, "relative_strength": -23.927324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.619421, "energy": 25.746354, "activity_lines": [ 18.804553, 18.881972, 18.919904, 19.231727 ] }, { "date": "2024-03-15", "close": 19.016247, "volume": 716835, "typical_volume": 713574.05, "trend": 19.972201, "fair_value": 26.429171, "relative_strength": -25.266687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.394724, "energy": 16.896651, "activity_lines": [ 18.935198, 18.892199, 18.938827, 19.159166 ] }, { "date": "2024-03-22", "close": 18.780359, "volume": 552094, "typical_volume": 712482.3, "trend": 19.794982, "fair_value": 26.358914, "relative_strength": -26.464485, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.683639, "energy": 14.748902, "activity_lines": [ 18.938828, 18.861847, 18.927854, 19.082273 ] }, { "date": "2024-03-29", "close": 19.43359, "volume": 422978, "typical_volume": 701679.7, "trend": 19.611715, "fair_value": 26.285453, "relative_strength": -24.233309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.868446, "energy": 12.243504, "activity_lines": [ 19.137216, 18.957193, 18.977105, 19.058957 ] }, { "date": "2024-04-05", "close": 19.760204, "volume": 425759, "typical_volume": 682813.15, "trend": 19.474415, "fair_value": 26.213203, "relative_strength": -20.879216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.949773, "energy": 8.121827, "activity_lines": [ 19.356169, 19.098066, 19.054007, 19.068537 ] }, { "date": "2024-04-12", "close": 20.794483, "volume": 864941, "typical_volume": 690949.85, "trend": 19.38127, "fair_value": 26.144824, "relative_strength": -14.863908, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.527303, "energy": 44.662695, "activity_lines": [ 19.859398, 19.434249, 19.225955, 19.153703 ] }, { "date": "2024-04-19", "close": 20.413433, "volume": 594265, "typical_volume": 685253.6, "trend": 19.285704, "fair_value": 26.078195, "relative_strength": -14.79898, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.302406, "energy": 51.202585, "activity_lines": [ 20.144883, 19.674756, 19.351071, 19.220294 ] }, { "date": "2024-04-26", "close": 20.903357, "volume": 529654, "typical_volume": 675654.7, "trend": 19.20526, "fair_value": 26.019341, "relative_strength": -14.061436, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.604396, "energy": 71.563594, "activity_lines": [ 20.500531, 19.96574, 19.513773, 19.324658 ] }, { "date": "2024-05-03", "close": 21.411423, "volume": 644823, "typical_volume": 601484.9, "trend": 19.195583, "fair_value": 25.963633, "relative_strength": -10.476045, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.032565, "energy": 76.95281, "activity_lines": [ 20.884001, 20.304232, 19.71389, 19.466991 ] }, { "date": "2024-05-10", "close": 22.826754, "volume": 692884, "typical_volume": 601824.25, "trend": 19.256067, "fair_value": 25.921337, "relative_strength": -7.951368, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.94516, "energy": 84.595099, "activity_lines": [ 21.607392, 20.840012, 20.03653, 19.701261 ] }, { "date": "2024-05-17", "close": 22.53643, "volume": 855359, "typical_volume": 632875.8, "trend": 19.40758, "fair_value": 25.880186, "relative_strength": -8.265093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.346385, "energy": 81.642889, "activity_lines": [ 22.029572, 21.250755, 20.314585, 19.912897 ] }, { "date": "2024-05-24", "close": 22.797831, "volume": 617172, "typical_volume": 629712.85, "trend": 19.58565, "fair_value": 25.838261, "relative_strength": -6.654832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.309545, "energy": 81.039202, "activity_lines": [ 22.422756, 21.65261, 20.602587, 20.131623 ] }, { "date": "2024-05-31", "close": 21.882929, "volume": 596000, "typical_volume": 638843.65, "trend": 19.70298, "fair_value": 25.787245, "relative_strength": -8.892553, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.277994, "energy": 69.408913, "activity_lines": [ 22.352013, 21.819363, 20.786052, 20.279834 ] }, { "date": "2024-06-07", "close": 21.565516, "volume": 659902, "typical_volume": 636190.2, "trend": 19.798238, "fair_value": 25.734862, "relative_strength": -9.873209, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.802224, "energy": 48.12699, "activity_lines": [ 22.11016, 21.871995, 20.926328, 20.399998 ] }, { "date": "2024-06-14", "close": 20.015787, "volume": 667807, "typical_volume": 630841.65, "trend": 19.830951, "fair_value": 25.684006, "relative_strength": -12.944961, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.74524, "energy": 23.412184, "activity_lines": [ 21.341459, 21.604095, 20.90523, 20.414033 ] }, { "date": "2024-06-21", "close": 19.1569, "volume": 910437, "typical_volume": 655152.9, "trend": 19.850156, "fair_value": 25.621524, "relative_strength": -16.635939, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.621514, "energy": 17.303204, "activity_lines": [ 20.473859, 21.175387, 20.803017, 20.370546 ] }, { "date": "2024-06-28", "close": 18.484726, "volume": 718631, "typical_volume": 654593.45, "trend": 19.849374, "fair_value": 25.55963, "relative_strength": -19.07674, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.511583, "energy": 31.423322, "activity_lines": [ 19.607503, 20.65424, 20.637673, 20.282454 ] }, { "date": "2024-07-05", "close": 19.026199, "volume": 529063, "typical_volume": 653109.05, "trend": 19.863617, "fair_value": 25.490079, "relative_strength": -17.005238, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.031266, "energy": 36.416072, "activity_lines": [ 19.209179, 20.266609, 20.522972, 20.229346 ] }, { "date": "2024-07-12", "close": 19.735714, "volume": 518689, "typical_volume": 654451.55, "trend": 19.893648, "fair_value": 25.423295, "relative_strength": -14.503183, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.179595, "energy": 35.298485, "activity_lines": [ 19.237809, 20.042112, 20.473032, 20.221094 ] }, { "date": "2024-07-19", "close": 19.324942, "volume": 557936, "typical_volume": 633051.7, "trend": 19.89547, "fair_value": 25.350985, "relative_strength": -12.910997, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.251708, "energy": 39.9853, "activity_lines": [ 19.251501, 19.773396, 20.376225, 20.184403 ] }, { "date": "2024-07-26", "close": 18.820812, "volume": 315925, "typical_volume": 619557.7, "trend": 19.876253, "fair_value": 25.246956, "relative_strength": -15.598708, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.317926, "energy": 28.800947, "activity_lines": [ 19.143206, 19.47669, 20.229157, 20.115071 ] }, { "date": "2024-08-02", "close": 17.93392, "volume": 360535, "typical_volume": 601742.7, "trend": 19.835942, "fair_value": 25.123888, "relative_strength": -15.243203, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.965127, "energy": 31.922052, "activity_lines": [ 18.761687, 19.086287, 20.000542, 19.989759 ] }, { "date": "2024-08-09", "close": 18.531406, "volume": 914943, "typical_volume": 619885.15, "trend": 19.814942, "fair_value": 24.998863, "relative_strength": -11.934063, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.81032, "energy": 33.489985, "activity_lines": [ 18.61605, 18.892953, 19.833984, 19.905595 ] }, { "date": "2024-08-16", "close": 18.111298, "volume": 415692, "typical_volume": 619520.85, "trend": 19.796269, "fair_value": 24.881939, "relative_strength": -15.988046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.397658, "energy": 56.564468, "activity_lines": [ 18.363363, 18.684172, 19.628601, 19.795683 ] }, { "date": "2024-08-23", "close": 18.232664, "volume": 248079, "typical_volume": 610636.85, "trend": 19.732044, "fair_value": 24.765682, "relative_strength": -16.062911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.841977, "energy": 58.700552, "activity_lines": [ 18.259425, 18.560262, 19.441073, 19.694805 ] }, { "date": "2024-08-30", "close": 18.438047, "volume": 274054, "typical_volume": 581092.5, "trend": 19.701884, "fair_value": 24.652077, "relative_strength": -15.512243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.636737, "energy": 49.747963, "activity_lines": [ 18.296768, 18.506114, 19.28038, 19.611321 ] }, { "date": "2024-09-06", "close": 16.664263, "volume": 424072, "typical_volume": 572582.85, "trend": 19.647678, "fair_value": 24.518199, "relative_strength": -20.310569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.821734, "energy": 67.784354, "activity_lines": [ 17.768366, 18.142531, 18.961976, 19.415346 ] }, { "date": "2024-09-13", "close": 18.139305, "volume": 572372, "typical_volume": 574718.75, "trend": 19.637802, "fair_value": 24.408132, "relative_strength": -14.359695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.903092, "energy": 48.760675, "activity_lines": [ 17.81629, 18.080236, 18.801906, 19.318031 ] }, { "date": "2024-09-20", "close": 18.764799, "volume": 577597, "typical_volume": 571357.45, "trend": 19.659662, "fair_value": 24.304745, "relative_strength": -10.75556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.679334, "energy": 37.140193, "activity_lines": [ 18.098851, 18.147793, 18.714568, 19.261709 ] }, { "date": "2024-09-27", "close": 20.762642, "volume": 573228, "typical_volume": 565374.65, "trend": 19.723319, "fair_value": 24.234084, "relative_strength": -4.339635, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.033549, "energy": 9.044114, "activity_lines": [ 19.003793, 18.596246, 18.830104, 19.332869 ] }, { "date": "2024-10-04", "close": 21.09873, "volume": 393031, "typical_volume": 542258.25, "trend": 19.778824, "fair_value": 24.165911, "relative_strength": -0.445789, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 30.84159, "energy": 31.275283, "activity_lines": [ 19.852099, 19.079667, 18.987478, 19.421605 ] }, { "date": "2024-10-11", "close": 20.146486, "volume": 383207, "typical_volume": 530560.0, "trend": 19.816498, "fair_value": 24.082175, "relative_strength": -5.616982, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.144324, "energy": 30.581885, "activity_lines": [ 20.205612, 19.348536, 19.061008, 19.445325 ] }, { "date": "2024-10-18", "close": 19.978443, "volume": 337678, "typical_volume": 517643.9, "trend": 19.856434, "fair_value": 23.996361, "relative_strength": -7.432087, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.669802, "energy": 31.975891, "activity_lines": [ 20.270962, 19.546623, 19.131159, 19.455773 ] }, { "date": "2024-10-25", "close": 19.623684, "volume": 312724, "typical_volume": 500285.0, "trend": 19.862771, "fair_value": 23.9046, "relative_strength": -7.879732, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.799319, "energy": 29.974798, "activity_lines": [ 20.09545, 19.653899, 19.176593, 19.440757 ] }, { "date": "2024-11-01", "close": 19.95977, "volume": 329793, "typical_volume": 483384.3, "trend": 19.869423, "fair_value": 23.816551, "relative_strength": -4.999166, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.566825, "energy": 15.742603, "activity_lines": [ 19.974708, 19.794783, 19.263282, 19.447015 ] }, { "date": "2024-11-08", "close": 20.071798, "volume": 580647, "typical_volume": 466894.8, "trend": 19.845334, "fair_value": 23.727997, "relative_strength": -3.959134, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.714261, "energy": 12.586124, "activity_lines": [ 19.944833, 19.924634, 19.360907, 19.460071 ] }, { "date": "2024-11-15", "close": 20.874674, "volume": 455704, "typical_volume": 453748.45, "trend": 19.860708, "fair_value": 23.651711, "relative_strength": 0.099862, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 34.404498, "energy": 23.341621, "activity_lines": [ 20.251046, 20.170758, 19.530639, 19.52648 ] }, { "date": "2024-11-22", "close": 20.445229, "volume": 403005, "typical_volume": 447445.55, "trend": 19.845437, "fair_value": 23.586693, "relative_strength": -2.351776, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.588532, "energy": 22.594614, "activity_lines": [ 20.365564, 20.262248, 19.648091, 19.564191 ] }, { "date": "2024-11-29", "close": 20.407887, "volume": 363155, "typical_volume": 439668.85, "trend": 19.811986, "fair_value": 23.512423, "relative_strength": -3.887521, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.161046, "energy": 25.399806, "activity_lines": [ 20.436516, 20.305023, 19.75523, 19.600478 ] }, { "date": "2024-12-06", "close": 21.808245, "volume": 427144, "typical_volume": 433129.25, "trend": 19.778036, "fair_value": 23.439896, "relative_strength": -1.042167, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 44.498392, "energy": 50.275461, "activity_lines": [ 20.921974, 20.572534, 19.992535, 19.729269 ] }, { "date": "2024-12-13", "close": 21.154743, "volume": 537842, "typical_volume": 444225.1, "trend": 19.73198, "fair_value": 23.360175, "relative_strength": -3.957988, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.797412, "energy": 54.24388, "activity_lines": [ 21.066366, 20.702216, 20.155777, 19.818089 ] }, { "date": "2024-12-20", "close": 19.623684, "volume": 674049, "typical_volume": 459900.8, "trend": 19.626175, "fair_value": 23.259734, "relative_strength": -8.301734, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.198505, "energy": 28.631688, "activity_lines": [ 20.628209, 20.552505, 20.16209, 19.811102 ] }, { "date": "2024-12-27", "close": 19.95977, "volume": 95739, "typical_volume": 418940.6, "trend": 19.562069, "fair_value": 23.164452, "relative_strength": -6.93127, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.470324, "energy": 22.159986, "activity_lines": [ 20.385479, 20.473405, 20.192364, 19.832625 ] }, { "date": "2025-01-03", "close": 20.165157, "volume": 141077, "typical_volume": 405209.85, "trend": 19.515391, "fair_value": 23.062809, "relative_strength": -5.365593, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.051846, "energy": 17.371647, "activity_lines": [ 20.243577, 20.431989, 20.235397, 19.871533 ] }, { "date": "2025-01-10", "close": 20.109144, "volume": 296798, "typical_volume": 407645.8, "trend": 19.518503, "fair_value": 22.964367, "relative_strength": -6.814682, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.328433, "energy": 19.436583, "activity_lines": [ 20.099185, 20.370543, 20.263315, 19.90984 ] }, { "date": "2025-01-17", "close": 20.837328, "volume": 393257, "typical_volume": 413605.95, "trend": 19.574517, "fair_value": 22.879607, "relative_strength": -6.400294, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.732554, "energy": 17.081833, "activity_lines": [ 20.310794, 20.438778, 20.351649, 19.994926 ] }, { "date": "2025-01-24", "close": 21.994959, "volume": 303695, "typical_volume": 407587.1, "trend": 19.691525, "fair_value": 22.809167, "relative_strength": -3.189609, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.873336, "energy": 42.457821, "activity_lines": [ 20.929442, 20.703574, 20.538808, 20.151083 ] }, { "date": "2025-01-31", "close": 22.312372, "volume": 305574, "typical_volume": 394247.2, "trend": 19.801064, "fair_value": 22.746549, "relative_strength": -3.111369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.059656, "energy": 62.698652, "activity_lines": [ 21.495808, 21.005711, 20.730813, 20.32017 ] }, { "date": "2025-02-07", "close": 21.752228, "volume": 357756, "typical_volume": 383255.15, "trend": 19.868281, "fair_value": 22.67956, "relative_strength": -5.641233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.993561, "energy": 65.445165, "activity_lines": [ 21.71862, 21.172057, 20.849599, 20.446052 ] }, { "date": "2025-02-14", "close": 23.582029, "volume": 515072, "typical_volume": 380347.35, "trend": 20.010184, "fair_value": 22.631535, "relative_strength": -0.951277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.793803, "energy": 80.01702, "activity_lines": [ 22.445561, 21.64665, 21.128425, 20.685648 ] }, { "date": "2025-02-21", "close": 23.245945, "volume": 371129, "typical_volume": 379252.25, "trend": 20.157688, "fair_value": 22.597602, "relative_strength": -1.379562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.563709, "energy": 78.474156, "activity_lines": [ 22.828949, 22.027887, 21.361818, 20.894407 ] }, { "date": "2025-02-28", "close": 23.544687, "volume": 455272, "typical_volume": 382855.5, "trend": 20.344714, "fair_value": 22.584835, "relative_strength": -1.246825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.556281, "energy": 77.959616, "activity_lines": [ 23.151342, 22.425419, 21.613438, 21.112923 ] }, { "date": "2025-03-07", "close": 23.656717, "volume": 1017793, "typical_volume": 416861.25, "trend": 20.515558, "fair_value": 22.573566, "relative_strength": -2.638792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.919096, "energy": 75.39777, "activity_lines": [ 23.407764, 22.772029, 21.859546, 21.326601 ] }, { "date": "2025-03-14", "close": 22.760487, "volume": 573279, "typical_volume": 429889.0, "trend": 20.670531, "fair_value": 22.543198, "relative_strength": -6.117428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.647662, "energy": 50.251744, "activity_lines": [ 23.275819, 22.888471, 22.002782, 21.471435 ] }, { "date": "2025-03-21", "close": 23.339302, "volume": 539935, "typical_volume": 440396.1, "trend": 20.840752, "fair_value": 22.542024, "relative_strength": -3.308667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.876716, "energy": 47.78592, "activity_lines": [ 23.269595, 23.062964, 22.186207, 21.643614 ] }, { "date": "2025-03-28", "close": 22.106987, "volume": 463221, "typical_volume": 434524.8, "trend": 20.96305, "fair_value": 22.533951, "relative_strength": -6.546366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.745907, "energy": 31.420564, "activity_lines": [ 22.868782, 22.95467, 22.236175, 21.725306 ] }, { "date": "2025-04-04", "close": 17.896576, "volume": 907879, "typical_volume": 457133.55, "trend": 21.004127, "fair_value": 22.510351, "relative_strength": -17.343001, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -4.356426, "energy": 17.784262, "activity_lines": [ 21.140428, 22.057762, 21.875461, 21.527469 ] }, { "date": "2025-04-11", "close": 17.551155, "volume": 741141, "typical_volume": 474040.35, "trend": 20.984522, "fair_value": 22.48832, "relative_strength": -17.421978, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.106753, "energy": 42.265979, "activity_lines": [ 19.673475, 21.172566, 21.49603, 21.304697 ] }, { "date": "2025-04-18", "close": 17.961926, "volume": 393155, "typical_volume": 475540.35, "trend": 20.957759, "fair_value": 22.46091, "relative_strength": -18.346714, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.969924, "energy": 52.068258, "activity_lines": [ 18.750484, 20.448623, 21.169502, 21.109691 ] }, { "date": "2025-04-25", "close": 19.138227, "volume": 294263, "typical_volume": 468896.3, "trend": 20.903612, "fair_value": 22.44538, "relative_strength": -16.604727, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.336058, "energy": 62.10205, "activity_lines": [ 18.539496, 20.007468, 20.96665, 20.992302 ] }, { "date": "2025-05-02", "close": 20.118477, "volume": 236348, "typical_volume": 453821.6, "trend": 20.870937, "fair_value": 22.436023, "relative_strength": -15.035368, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.215289, "energy": 56.91132, "activity_lines": [ 18.93533, 19.825336, 20.86987, 20.941648 ] }, { "date": "2025-05-09", "close": 20.258514, "volume": 347557, "typical_volume": 437497.0, "trend": 20.874671, "fair_value": 22.424002, "relative_strength": -15.385003, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.998498, "energy": 27.246196, "activity_lines": [ 19.510411, 19.725529, 20.791361, 20.902136 ] }, { "date": "2025-05-16", "close": 21.472157, "volume": 642211, "typical_volume": 464820.6, "trend": 20.924462, "fair_value": 22.420897, "relative_strength": -10.820173, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.259231, "energy": 7.297494, "activity_lines": [ 20.332577, 19.906133, 20.825414, 20.940684 ] }, { "date": "2025-05-23", "close": 20.75, "volume": 687968, "typical_volume": 492165.15, "trend": 20.962006, "fair_value": 22.408508, "relative_strength": -12.751234, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.425948, "energy": 21.591529, "activity_lines": [ 20.652623, 19.995154, 20.783489, 20.929428 ] }, { "date": "2025-05-30", "close": 22.049883, "volume": 391532, "typical_volume": 496901.85, "trend": 21.031676, "fair_value": 22.402182, "relative_strength": -8.243817, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.450642, "energy": 17.131855, "activity_lines": [ 21.220093, 20.357073, 20.862576, 20.999614 ] }, { "date": "2025-06-06", "close": 22.483179, "volume": 424240, "typical_volume": 498451.0, "trend": 21.112056, "fair_value": 22.401244, "relative_strength": -7.200014, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.601609, "energy": 22.921214, "activity_lines": [ 21.737884, 20.821216, 20.973689, 21.093259 ] }, { "date": "2025-06-13", "close": 22.579468, "volume": 367463, "typical_volume": 501639.4, "trend": 21.168882, "fair_value": 22.408301, "relative_strength": -3.396019, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.039761, "energy": 32.557048, "activity_lines": [ 22.130124, 21.296027, 21.086134, 21.187931 ] }, { "date": "2025-06-20", "close": 21.183294, "volume": 415014, "typical_volume": 507111.4, "trend": 21.193484, "fair_value": 22.41651, "relative_strength": -8.465116, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.663225, "energy": 22.627443, "activity_lines": [ 21.902243, 21.431844, 21.062828, 21.188861 ] }, { "date": "2025-06-27", "close": 21.664734, "volume": 363110, "typical_volume": 507379.1, "trend": 21.235379, "fair_value": 22.429621, "relative_strength": -8.845447, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.238251, "energy": 18.521679, "activity_lines": [ 21.854099, 21.589157, 21.090749, 21.219264 ] }, { "date": "2025-07-04", "close": 21.472157, "volume": 461398, "typical_volume": 504695.4, "trend": 21.224176, "fair_value": 22.439909, "relative_strength": -8.496044, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.023452, "energy": 15.823122, "activity_lines": [ 21.680781, 21.644132, 21.100746, 21.23454 ] }, { "date": "2025-07-11", "close": 22.627611, "volume": 382132, "typical_volume": 505245.55, "trend": 21.273272, "fair_value": 22.459307, "relative_strength": -5.210722, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.345659, "energy": 18.788749, "activity_lines": [ 21.931129, 21.866755, 21.230833, 21.325084 ] }, { "date": "2025-07-18", "close": 22.435034, "volume": 413713, "typical_volume": 503167.6, "trend": 21.366983, "fair_value": 22.469184, "relative_strength": -5.892702, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.832728, "energy": 22.575974, "activity_lines": [ 22.107656, 22.008743, 21.345524, 21.400037 ] }, { "date": "2025-07-25", "close": 22.820187, "volume": 495426, "typical_volume": 477049.25, "trend": 21.462331, "fair_value": 22.478011, "relative_strength": -3.842528, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.041783, "energy": 42.36185, "activity_lines": [ 22.422197, 22.181186, 21.502181, 21.493792 ] }, { "date": "2025-08-01", "close": 20.798143, "volume": 329265, "typical_volume": 464848.55, "trend": 21.48343, "fair_value": 22.474784, "relative_strength": -9.174227, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.094222, "energy": 8.63507, "activity_lines": [ 21.953596, 21.961474, 21.470245, 21.450941 ] }, { "date": "2025-08-08", "close": 21.857309, "volume": 320820, "typical_volume": 453892.8, "trend": 21.541702, "fair_value": 22.469493, "relative_strength": -7.202301, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.200608, "energy": 7.751877, "activity_lines": [ 21.895824, 21.933464, 21.548527, 21.475062 ] }, { "date": "2025-08-15", "close": 21.568445, "volume": 251953, "typical_volume": 443329.4, "trend": 21.566073, "fair_value": 22.473475, "relative_strength": -8.982131, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.074859, "energy": 5.04627, "activity_lines": [ 21.716087, 21.856433, 21.606355, 21.476787 ] }, { "date": "2025-08-22", "close": 21.953596, "volume": 362284, "typical_volume": 416049.65, "trend": 21.564694, "fair_value": 22.490254, "relative_strength": -7.229258, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.629416, "energy": 8.01385, "activity_lines": [ 21.735344, 21.866062, 21.703428, 21.501789 ] }, { "date": "2025-08-29", "close": 20.412994, "volume": 395934, "typical_volume": 398789.3, "trend": 21.501382, "fair_value": 22.497044, "relative_strength": -11.864765, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.603554, "energy": 15.722726, "activity_lines": [ 21.273163, 21.606961, 21.634459, 21.427486 ] }, { "date": "2025-09-05", "close": 19.064964, "volume": 437261, "typical_volume": 400994.6, "trend": 21.411806, "fair_value": 22.49962, "relative_strength": -16.450176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -42.729222, "energy": 43.513754, "activity_lines": [ 20.522119, 21.116768, 21.423478, 21.270297 ] }, { "date": "2025-09-12", "close": 18.795361, "volume": 586268, "typical_volume": 415594.85, "trend": 21.252251, "fair_value": 22.494792, "relative_strength": -17.693713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.697142, "energy": 64.179679, "activity_lines": [ 19.796752, 20.624826, 21.181567, 21.101494 ] }, { "date": "2025-09-19", "close": 18.910904, "volume": 631747, "typical_volume": 435364.8, "trend": 21.107749, "fair_value": 22.492748, "relative_strength": -16.645242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.755977, "energy": 70.424815, "activity_lines": [ 19.314029, 20.202561, 20.952294, 20.95044 ] }, { "date": "2025-09-26", "close": 19.353828, "volume": 440049, "typical_volume": 439989.4, "trend": 20.968054, "fair_value": 22.495132, "relative_strength": -14.623214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.135758, "energy": 71.3326, "activity_lines": [ 19.156117, 19.928403, 20.770954, 20.837284 ] }, { "date": "2025-10-03", "close": 19.787123, "volume": 378521, "typical_volume": 426804.9, "trend": 20.839067, "fair_value": 22.489738, "relative_strength": -14.498482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.873477, "energy": 63.539089, "activity_lines": [ 19.315955, 19.789049, 20.635188, 20.761095 ] }, { "date": "2025-10-10", "close": 18.910904, "volume": 631917, "typical_volume": 424002.35, "trend": 20.710748, "fair_value": 22.472711, "relative_strength": -17.386969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.430214, "energy": 53.431132, "activity_lines": [ 19.225444, 19.545528, 20.423997, 20.636697 ] }, { "date": "2025-10-17", "close": 18.545012, "volume": 391617, "typical_volume": 424006.6, "trend": 20.550938, "fair_value": 22.44789, "relative_strength": -17.188339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.418655, "energy": 46.040636, "activity_lines": [ 19.02324, 19.269795, 20.186717, 20.496972 ] }, { "date": "2025-10-24", "close": 19.979698, "volume": 490399, "typical_volume": 427314.55, "trend": 20.480029, "fair_value": 22.42398, "relative_strength": -11.955357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.362882, "energy": 31.892193, "activity_lines": [ 19.315955, 19.315138, 20.102763, 20.460118 ] }, { "date": "2025-10-31", "close": 19.450117, "volume": 411069, "typical_volume": 429494.85, "trend": 20.531813, "fair_value": 22.389638, "relative_strength": -12.879419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.315641, "energy": 32.774115, "activity_lines": [ 19.36089, 19.29308, 19.980294, 20.393672 ] }, { "date": "2025-11-07", "close": 18.545012, "volume": 434445, "typical_volume": 430466.4, "trend": 20.564942, "fair_value": 22.32475, "relative_strength": -15.113396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.627929, "energy": 40.792252, "activity_lines": [ 19.097703, 19.151974, 19.786527, 20.265491 ] }, { "date": "2025-11-14", "close": 19.642691, "volume": 577924, "typical_volume": 441207.1, "trend": 20.620967, "fair_value": 22.269055, "relative_strength": -10.754767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.833375, "energy": 23.872191, "activity_lines": [ 19.283217, 19.24441, 19.709864, 20.205991 ] }, { "date": "2025-11-21", "close": 17.948027, "volume": 616971, "typical_volume": 448985.75, "trend": 20.581294, "fair_value": 22.199091, "relative_strength": -15.186431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.955042, "energy": 40.590735, "activity_lines": [ 18.855058, 19.018222, 19.481432, 20.033543 ] }, { "date": "2025-11-28", "close": 18.756844, "volume": 595777, "typical_volume": 459668.0, "trend": 20.535906, "fair_value": 22.12909, "relative_strength": -13.67612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.922547, "energy": 37.291439, "activity_lines": [ 18.736303, 18.954497, 19.346813, 19.915837 ] }, { "date": "2025-12-05", "close": 19.690836, "volume": 542673, "typical_volume": 466116.0, "trend": 20.516984, "fair_value": 22.062239, "relative_strength": -9.621995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.54683, "energy": 28.738325, "activity_lines": [ 19.010402, 19.06339, 19.319577, 19.861316 ] }, { "date": "2025-12-12", "close": 20.364849, "volume": 618501, "typical_volume": 472269.75, "trend": 20.480073, "fair_value": 22.011968, "relative_strength": -6.75529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.414045, "energy": 14.425487, "activity_lines": [ 19.493124, 19.288703, 19.369601, 19.851501 ] }, { "date": "2025-12-19", "close": 20.12413, "volume": 517178, "typical_volume": 481665.4, "trend": 20.459211, "fair_value": 21.96038, "relative_strength": -7.933664, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.594946, "energy": 11.686483, "activity_lines": [ 19.774285, 19.459745, 19.408391, 19.828537 ] }, { "date": "2025-12-26", "close": 21.61659, "volume": 293455, "typical_volume": 480297.15, "trend": 20.444768, "fair_value": 21.920062, "relative_strength": -1.081754, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.037859, "energy": 31.340824, "activity_lines": [ 20.520836, 19.880084, 19.59253, 19.903207 ] }, { "date": "2026-01-02", "close": 21.953596, "volume": 152736, "typical_volume": 475336.3, "trend": 20.427115, "fair_value": 21.865332, "relative_strength": -0.102105, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.418697, "energy": 50.90601, "activity_lines": [ 21.135151, 20.305851, 19.809911, 20.00055 ] }, { "date": "2026-01-09", "close": 22.820187, "volume": 408027, "typical_volume": 477623.45, "trend": 20.435139, "fair_value": 21.812866, "relative_strength": 1.070546, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.499413, "energy": 65.166038, "activity_lines": [ 21.825213, 20.853291, 20.10799, 20.154942 ] }, { "date": "2026-01-16", "close": 22.916473, "volume": 464417, "typical_volume": 481047.6, "trend": 20.492912, "fair_value": 21.758861, "relative_strength": 1.553326, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.847715, "energy": 72.137837, "activity_lines": [ 22.338747, 21.356963, 20.411113, 20.315028 ] }, { "date": "2026-01-23", "close": 21.905453, "volume": 521071, "typical_volume": 485238.1, "trend": 20.500936, "fair_value": 21.701779, "relative_strength": -1.065183, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.658756, "energy": 64.154591, "activity_lines": [ 22.345167, 21.597332, 20.606027, 20.40616 ] }, { "date": "2026-01-30", "close": 21.664734, "volume": 465502, "typical_volume": 479199.8, "trend": 20.507355, "fair_value": 21.640544, "relative_strength": -0.399494, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.373328, "energy": 48.669623, "activity_lines": [ 22.152591, 21.752793, 20.764489, 20.481244 ] }, { "date": "2026-02-06", "close": 22.290604, "volume": 481612, "typical_volume": 471693.05, "trend": 20.496122, "fair_value": 21.585024, "relative_strength": 1.934636, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.403272, "energy": 44.575547, "activity_lines": [ 22.16543, 21.954472, 20.968894, 20.596292 ] }, { "date": "2026-02-13", "close": 22.579468, "volume": 520213, "typical_volume": 475701.25, "trend": 20.500936, "fair_value": 21.527836, "relative_strength": 2.769491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.086058, "energy": 43.035668, "activity_lines": [ 22.252089, 22.144422, 21.184716, 20.730701 ] }, { "date": "2026-02-20", "close": 23.831207, "volume": 581683, "typical_volume": 485859.35, "trend": 20.534637, "fair_value": 21.479808, "relative_strength": 7.214713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.377495, "energy": 53.170159, "activity_lines": [ 22.772043, 22.50944, 21.504392, 20.945558 ] }, { "date": "2026-02-27", "close": 23.542345, "volume": 516042, "typical_volume": 480065.6, "trend": 20.62611, "fair_value": 21.43163, "relative_strength": 6.078237, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.538313, "energy": 67.030174, "activity_lines": [ 23.134727, 22.758913, 21.777299, 21.139603 ] }, { "date": "2026-03-06", "close": 19.353828, "volume": 1003481, "typical_volume": 510658.8, "trend": 20.542661, "fair_value": 21.363867, "relative_strength": -6.108087, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.041972, "energy": 19.327195, "activity_lines": [ 21.992112, 22.184687, 21.629245, 21.057521 ] }, { "date": "2026-03-13", "close": 18.429466, "volume": 884585, "typical_volume": 530368.1, "trend": 20.438028, "fair_value": 21.305957, "relative_strength": -9.63835, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": -0.171929, "energy": 13.195387, "activity_lines": [ 20.695437, 21.483538, 21.389305, 20.921185 ] }, { "date": "2026-03-20", "close": 17.351044, "volume": 1014947, "typical_volume": 560562.0, "trend": 20.28461, "fair_value": 21.239317, "relative_strength": -10.385637, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -41.43139, "energy": 44.723902, "activity_lines": [ 19.296698, 20.650386, 21.05404, 20.722025 ] }, { "date": "2026-03-27", "close": 17.890255, "volume": 939727, "typical_volume": 585826.1, "trend": 20.200518, "fair_value": 21.166486, "relative_strength": -6.894942, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.376805, "energy": 48.044204, "activity_lines": [ 18.426257, 20.014712, 20.780125, 20.567551 ] }, { "date": "2026-04-03", "close": 18.448725, "volume": 660186, "typical_volume": 589939.2, "trend": 20.179977, "fair_value": 21.109039, "relative_strength": -7.436778, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.843354, "energy": 63.078893, "activity_lines": [ 18.138036, 19.571964, 20.562515, 20.454532 ] }, { "date": "2026-04-10", "close": 20.653713, "volume": 701471, "typical_volume": 594164.2, "trend": 20.241922, "fair_value": 21.061187, "relative_strength": 0.844205, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.34985, "energy": 47.73115, "activity_lines": [ 18.924386, 19.592972, 20.560589, 20.485095 ] }, { "date": "2026-04-17", "close": 21.761021, "volume": 489471, "typical_volume": 588848.9, "trend": 20.336926, "fair_value": 21.022929, "relative_strength": 2.309449, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 13.700163, "energy": 11.675089, "activity_lines": [ 19.993179, 19.833692, 20.651237, 20.583102 ] }, { "date": "2026-04-24", "close": 20.605568, "volume": 464147, "typical_volume": 584922.6, "trend": 20.378651, "fair_value": 20.976812, "relative_strength": -0.80698, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.099458, "energy": 14.019529, "activity_lines": [ 20.454718, 19.873957, 20.617536, 20.600433 ] }, { "date": "2026-05-01", "close": 20.316706, "volume": 340290, "typical_volume": 571012.05, "trend": 20.396303, "fair_value": 20.928274, "relative_strength": -2.779181, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.661804, "energy": 16.630323, "activity_lines": [ 20.603001, 19.897591, 20.551969, 20.596437 ] }, { "date": "2026-05-08", "close": 22.146172, "volume": 432580, "typical_volume": 566782.15, "trend": 20.504146, "fair_value": 20.905766, "relative_strength": 5.660942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.045602, "energy": 25.236952, "activity_lines": [ 21.199343, 20.317756, 20.660865, 20.709332 ] }, { "date": "2026-05-15", "close": 19.690836, "volume": 654008, "typical_volume": 584809.8, "trend": 20.54234, "fair_value": 20.865309, "relative_strength": -4.357864, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.539551, "energy": 7.736151, "activity_lines": [ 20.730743, 20.316881, 20.526292, 20.65686 ] }, { "date": "2026-05-22", "close": 20.75, "volume": 464917, "typical_volume": 600418.85, "trend": 20.568017, "fair_value": 20.836527, "relative_strength": -2.915234, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.248819, "energy": 9.171068, "activity_lines": [ 20.679389, 20.502453, 20.501761, 20.670258 ] }, { "date": "2026-05-29", "close": 20.85, "volume": 434908, "typical_volume": 601762.9, "trend": 20.614679, "fair_value": 20.805361, "relative_strength": -3.095574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.113968, "energy": 10.547831, "activity_lines": [ 20.728771, 20.664016, 20.492486, 20.68845 ] }, { "date": "2026-06-05", "close": 20.299999, "volume": 69465, "typical_volume": 582015.3, "trend": 20.673179, "fair_value": 20.768576, "relative_strength": -4.108393, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.285871, "energy": 13.733862, "activity_lines": [ 20.578523, 20.661962, 20.440212, 20.668148 ] }, { "date": "2026-06-12", "close": 19.360001, "volume": 56295, "typical_volume": 558776.5, "trend": 20.663756, "fair_value": 20.709481, "relative_strength": -7.727567, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.816512, "energy": 24.438587, "activity_lines": [ 20.116056, 20.445185, 20.310873, 20.583427 ] }, { "date": "2026-06-19", "close": 19.620001, "volume": 99873, "typical_volume": 540495.05, "trend": 20.719488, "fair_value": 20.664731, "relative_strength": -7.545658, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.356571, "energy": 36.558415, "activity_lines": [ 19.926, 20.259112, 20.218417, 20.516088 ] }, { "date": "2026-06-26", "close": 17.799999, "volume": 104712, "typical_volume": 521650.05, "trend": 20.687594, "fair_value": 20.606454, "relative_strength": -14.704822, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.10569, "energy": 65.276625, "activity_lines": [ 19.134, 19.760924, 19.962365, 20.327734 ] }, { "date": "2026-07-03", "close": 18.440001, "volume": 63815, "typical_volume": 498830.15, "trend": 20.645899, "fair_value": 20.560188, "relative_strength": -15.074384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.314667, "energy": 68.003328, "activity_lines": [ 18.752, 19.451119, 19.788649, 20.182728 ] }, { "date": "2026-07-10", "close": 17.08, "volume": 525568, "typical_volume": 496024.4, "trend": 20.536404, "fair_value": 20.509625, "relative_strength": -18.635633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.701358, "energy": 79.697181, "activity_lines": [ 18.077334, 18.933416, 19.505121, 19.95267 ] }, { "date": "2026-07-17", "close": 18.280001, "volume": 732552, "typical_volume": 506849.9, "trend": 20.474933, "fair_value": 20.461868, "relative_strength": -11.711043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.598989, "energy": 72.508105, "activity_lines": [ 18.017334, 18.692743, 19.368028, 19.807095 ] }, { "date": "2026-07-24", "close": 18.200001, "volume": 506405, "typical_volume": 481996.1, "trend": 20.361047, "fair_value": 20.413832, "relative_strength": -12.598324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.875836, "energy": 63.053293, "activity_lines": [ 18.002667, 18.507819, 19.248374, 19.660326 ] }, { "date": "2026-07-31", "close": 17.84, "volume": 431244, "typical_volume": 459329.05, "trend": 20.223927, "fair_value": 20.356857, "relative_strength": -15.725068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.510967, "energy": 53.799069, "activity_lines": [ 17.962667, 18.284546, 19.099929, 19.497677 ] }, { "date": "2026-08-07", "close": 18.120001, "volume": 536051, "typical_volume": 435384.25, "trend": 20.067254, "fair_value": 20.310169, "relative_strength": -16.225559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.441913, "energy": 39.999026, "activity_lines": [ 18.013334, 18.165091, 18.980957, 19.36194 ] } ], "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." } } }