{ "ticker": { "uuid": "802e50e1-c4fd-4884-b31e-6975d5884a74", "symbol": "MUX", "name": "McEwen Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 74.128, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.127, "architecture_energy": 50.878, "architecture_maturity": 21.48, "architecture_confidence": 95.028, "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": 18.97, "rotation_up": 19.51, "upward_expansion": 9.07, "deceleration": 44.13, "rotation_down": 56.54, "downward_expansion": 82.41 }, "activity_lines": [ 24.973334, 25.304364, 26.938238, 28.206387 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.666667 }, "latest_close": 26.700001, "trend_reference": 30.022667, "distance_from_trend": -0.110672, "trend_direction": "Improving", "fair_value": 16.931346, "distance_from_fair_value": 0.576957, "fair_value_direction": "Weakening", "relative_strength": -12.20949, "relative_strength_direction": "Weakening", "price_momentum": -0.223837, "excess_performance": -0.344259, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.110672, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000244, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.576957, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.54572, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.122095, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.383083, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.223837, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.535485, "read": "Supply-led" } ], "volume": { "latest": 274400, "relative_activity": 1.338863, "balance": 0.535485, "dry_up": 0.965357, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.113022, "annualized_volatility": 0.688996, "from_high_reference": -0.333666, "from_low_reference": 0.969027 }, "levels": { "trend_reference": 30.022667, "fair_value_reference": 16.931346, "structural_low": 22.57, "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": 29, "median_return": 0.006381, "positive_rate": 0.517241, "directional_follow_through": 0.482759, "median_excess_return": -0.001484, "regime_survival": 0.827586, "best_return": 0.427208, "worst_return": -0.289474, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.06034, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.07787, "regime_survival": 0.6, "best_return": 0.838639, "worst_return": -0.388889, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.28043, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.18527, "regime_survival": 0.5, "best_return": 1.454751, "worst_return": -0.590741, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.694199, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.435917, "regime_survival": 0.5, "best_return": 1.09276, "worst_return": -0.672593, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": -0.003249, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-06", "end": "2024-09-20", "tenure": "New", "return": 0.123371, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": -0.027586, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.085384, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": -0.138889, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": -0.016821, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-06-06", "tenure": "Extended", "return": 0.08714, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.217698, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-21", "tenure": "Established", "return": 0.506667, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.00077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-27", "tenure": "Established", "return": 0.000749, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-06-12", "tenure": "Developing", "return": -0.106127, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.061624, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.031907, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.34, "volume": 100200, "typical_volume": 105235.0, "trend": 10.231667, "fair_value": 11.106218, "relative_strength": 10.214781, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.596474, "energy": 20.444652, "activity_lines": [ 10.064667, 10.211273, 10.31319, 10.412667 ] }, { "date": "2023-08-25", "close": 10.07, "volume": 72300, "typical_volume": 100040.0, "trend": 10.261, "fair_value": 11.063718, "relative_strength": 17.134548, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.717469, "energy": 21.514669, "activity_lines": [ 9.929333, 10.204909, 10.258381, 10.402237 ] }, { "date": "2023-09-01", "close": 10.7, "volume": 88700, "typical_volume": 95470.0, "trend": 10.337333, "fair_value": 11.026538, "relative_strength": 18.53566, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.810792, "energy": 11.324803, "activity_lines": [ 10.109333, 10.305091, 10.274095, 10.430559 ] }, { "date": "2023-09-08", "close": 9.45, "volume": 108500, "typical_volume": 94305.0, "trend": 10.383667, "fair_value": 10.980705, "relative_strength": 6.049216, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.133694, "energy": 40.302887, "activity_lines": [ 9.914, 10.152182, 10.180667, 10.373312 ] }, { "date": "2023-09-15", "close": 9.6, "volume": 102700, "typical_volume": 93160.0, "trend": 10.438333, "fair_value": 10.948013, "relative_strength": 3.861127, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.398601, "energy": 30.800283, "activity_lines": [ 9.825333, 10.027818, 10.11081, 10.322753 ] }, { "date": "2023-09-22", "close": 9.25, "volume": 92600, "typical_volume": 91690.0, "trend": 10.499, "fair_value": 10.922051, "relative_strength": 3.323157, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.947833, "energy": 35.8462, "activity_lines": [ 9.631333, 9.832545, 10.014762, 10.246086 ] }, { "date": "2023-09-29", "close": 8.73, "volume": 107200, "typical_volume": 90005.0, "trend": 10.459667, "fair_value": 10.887628, "relative_strength": -2.130549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.959373, "energy": 57.327424, "activity_lines": [ 9.27, 9.575273, 9.882143, 10.131957 ] }, { "date": "2023-10-06", "close": 8.58, "volume": 63300, "typical_volume": 88290.0, "trend": 10.416, "fair_value": 10.844551, "relative_strength": -2.999696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.125298, "energy": 61.210772, "activity_lines": [ 8.948, 9.343818, 9.745238, 10.010688 ] }, { "date": "2023-10-13", "close": 10.65, "volume": 114100, "typical_volume": 85275.0, "trend": 10.406, "fair_value": 10.823077, "relative_strength": 17.556037, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.571877, "energy": 28.894823, "activity_lines": [ 9.457333, 9.538545, 9.815238, 10.025785 ] }, { "date": "2023-10-20", "close": 10.81, "volume": 108400, "typical_volume": 87570.0, "trend": 10.404667, "fair_value": 10.801987, "relative_strength": 19.972132, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.664419, "energy": 8.867446, "activity_lines": [ 9.94, 9.756, 9.897095, 10.051849 ] }, { "date": "2023-10-27", "close": 9.91, "volume": 109300, "typical_volume": 89155.0, "trend": 10.355333, "fair_value": 10.782821, "relative_strength": 10.962527, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.313371, "energy": 16.498594, "activity_lines": [ 10.042, 9.790909, 9.893429, 10.019935 ] }, { "date": "2023-11-03", "close": 9.72, "volume": 111200, "typical_volume": 90875.0, "trend": 10.27, "fair_value": 10.757308, "relative_strength": 1.88926, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.119165, "energy": 20.541415, "activity_lines": [ 10.036667, 9.780909, 9.872476, 9.978946 ] }, { "date": "2023-11-10", "close": 9.38, "volume": 97600, "typical_volume": 93440.0, "trend": 10.156667, "fair_value": 10.733462, "relative_strength": -1.362908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.740862, "energy": 16.536093, "activity_lines": [ 9.852, 9.715455, 9.818714, 9.921527 ] }, { "date": "2023-11-17", "close": 10.16, "volume": 88600, "typical_volume": 94960.0, "trend": 10.115333, "fair_value": 10.715897, "relative_strength": 3.352702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.245895, "energy": 9.663358, "activity_lines": [ 9.874, 9.815818, 9.838762, 9.921742 ] }, { "date": "2023-11-24", "close": 9.94, "volume": 68300, "typical_volume": 94835.0, "trend": 10.076667, "fair_value": 10.699487, "relative_strength": 0.917888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.111367, "energy": 11.406647, "activity_lines": [ 9.855333, 9.863273, 9.83481, 9.91043 ] }, { "date": "2023-12-01", "close": 10.35, "volume": 94600, "typical_volume": 94415.0, "trend": 10.022667, "fair_value": 10.683782, "relative_strength": 2.777917, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.855739, "energy": 5.556357, "activity_lines": [ 10.031333, 9.979091, 9.866381, 9.928065 ] }, { "date": "2023-12-08", "close": 10.28, "volume": 95900, "typical_volume": 91185.0, "trend": 10.004333, "fair_value": 10.668269, "relative_strength": 2.163098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.661224, "energy": 13.285049, "activity_lines": [ 10.154667, 10.062182, 9.894571, 9.944667 ] }, { "date": "2023-12-15", "close": 10.35, "volume": 102400, "typical_volume": 92515.0, "trend": 9.995, "fair_value": 10.650641, "relative_strength": 1.395562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.342785, "energy": 20.426584, "activity_lines": [ 10.264, 10.129818, 9.935952, 9.966968 ] }, { "date": "2023-12-22", "close": 10.09, "volume": 83900, "typical_volume": 93570.0, "trend": 10.0, "fair_value": 10.635192, "relative_strength": -3.107176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.166991, "energy": 17.982491, "activity_lines": [ 10.222, 10.118, 9.95719, 9.973097 ] }, { "date": "2023-12-29", "close": 9.53, "volume": 48800, "typical_volume": 92930.0, "trend": 9.956, "fair_value": 10.616154, "relative_strength": -8.976601, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.533779, "energy": 5.175258, "activity_lines": [ 9.998, 10.014545, 9.926095, 9.942774 ] }, { "date": "2024-01-05", "close": 9.28, "volume": 61900, "typical_volume": 91015.0, "trend": 9.929333, "fair_value": 10.594872, "relative_strength": -11.133439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.636797, "energy": 18.78803, "activity_lines": [ 9.718, 9.888909, 9.872333, 9.899161 ] }, { "date": "2024-01-12", "close": 9.09, "volume": 59000, "typical_volume": 90350.0, "trend": 9.911333, "fair_value": 10.575577, "relative_strength": -13.055306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.834893, "energy": 36.199392, "activity_lines": [ 9.446, 9.740182, 9.800762, 9.845011 ] }, { "date": "2024-01-19", "close": 8.79, "volume": 51700, "typical_volume": 88500.0, "trend": 9.895, "fair_value": 10.553718, "relative_strength": -15.47842, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.759523, "energy": 54.926426, "activity_lines": [ 9.153333, 9.548364, 9.705286, 9.772667 ] }, { "date": "2024-01-26", "close": 9.11, "volume": 53700, "typical_volume": 85760.0, "trend": 9.881333, "fair_value": 10.513397, "relative_strength": -13.26707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.711718, "energy": 57.255726, "activity_lines": [ 9.071333, 9.425455, 9.649381, 9.722022 ] }, { "date": "2024-02-02", "close": 9.95, "volume": 143600, "typical_volume": 87805.0, "trend": 9.906333, "fair_value": 10.48359, "relative_strength": -5.333563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.973878, "energy": 37.935082, "activity_lines": [ 9.334667, 9.474364, 9.675095, 9.726452 ] }, { "date": "2024-02-09", "close": 9.21, "volume": 44900, "typical_volume": 85420.0, "trend": 9.845333, "fair_value": 10.445192, "relative_strength": -12.219499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.740316, "energy": 28.815595, "activity_lines": [ 9.323333, 9.388545, 9.628667, 9.681527 ] }, { "date": "2024-02-16", "close": 8.38, "volume": 102300, "typical_volume": 85175.0, "trend": 9.736333, "fair_value": 10.406603, "relative_strength": -21.073573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.916267, "energy": 37.060766, "activity_lines": [ 9.04, 9.172545, 9.503381, 9.586989 ] }, { "date": "2024-02-23", "close": 8.38, "volume": 88400, "typical_volume": 86430.0, "trend": 9.638333, "fair_value": 10.369936, "relative_strength": -21.726411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.777125, "energy": 48.265703, "activity_lines": [ 8.804, 8.991091, 9.379762, 9.499484 ] }, { "date": "2024-03-01", "close": 9.28, "volume": 94800, "typical_volume": 85465.0, "trend": 9.604333, "fair_value": 10.342244, "relative_strength": -13.710782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.690158, "energy": 46.443044, "activity_lines": [ 8.895333, 9.009091, 9.34281, 9.476366 ] }, { "date": "2024-03-08", "close": 10.95, "volume": 199900, "typical_volume": 90040.0, "trend": 9.643667, "fair_value": 10.322692, "relative_strength": 0.936521, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.5087, "energy": 4.799605, "activity_lines": [ 9.532, 9.345455, 9.471429, 9.563183 ] }, { "date": "2024-03-15", "close": 11.68, "volume": 110300, "typical_volume": 90090.0, "trend": 9.721667, "fair_value": 10.305897, "relative_strength": 7.240076, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 37.138103, "energy": 38.204174, "activity_lines": [ 10.345333, 9.788727, 9.668905, 9.694559 ] }, { "date": "2024-03-22", "close": 11.96, "volume": 213900, "typical_volume": 95225.0, "trend": 9.784667, "fair_value": 10.295385, "relative_strength": 9.189042, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "up", "direction": 77.138707, "energy": 74.032463, "activity_lines": [ 11.087333, 10.239273, 9.884619, 9.838968 ] }, { "date": "2024-03-29", "close": 13.36, "volume": 246600, "typical_volume": 102675.0, "trend": 9.873333, "fair_value": 10.293205, "relative_strength": 20.796011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.28161, "energy": 90.859916, "activity_lines": [ 12.057333, 10.892182, 10.223, 10.069634 ] }, { "date": "2024-04-05", "close": 14.74, "volume": 334700, "typical_volume": 114980.0, "trend": 10.049667, "fair_value": 10.292821, "relative_strength": 32.414691, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.89392, "energy": 96.395055, "activity_lines": [ 13.155333, 11.712909, 10.673857, 10.383613 ] }, { "date": "2024-04-12", "close": 15.58, "volume": 349800, "typical_volume": 129055.0, "trend": 10.249, "fair_value": 10.297179, "relative_strength": 41.796405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.795773, "energy": 96.123906, "activity_lines": [ 14.169333, 12.584, 11.182905, 10.740409 ] }, { "date": "2024-04-19", "close": 15.41, "volume": 266200, "typical_volume": 137635.0, "trend": 10.454333, "fair_value": 10.304295, "relative_strength": 40.008977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.862769, "energy": 92.317553, "activity_lines": [ 14.818, 13.321818, 11.648905, 11.073376 ] }, { "date": "2024-04-26", "close": 16.75, "volume": 338400, "typical_volume": 149760.0, "trend": 10.721667, "fair_value": 10.316154, "relative_strength": 49.781355, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.50078, "energy": 93.529998, "activity_lines": [ 15.664667, 14.190545, 12.218429, 11.479548 ] }, { "date": "2024-05-03", "close": 16.08, "volume": 121100, "typical_volume": 150695.0, "trend": 10.971667, "fair_value": 10.31859, "relative_strength": 43.122118, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.201402, "energy": 83.435403, "activity_lines": [ 15.968667, 14.785273, 12.693333, 11.825247 ] }, { "date": "2024-05-10", "close": 14.1, "volume": 320800, "typical_volume": 162540.0, "trend": 11.086667, "fair_value": 10.311538, "relative_strength": 22.995522, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.276341, "energy": 62.226732, "activity_lines": [ 15.431333, 14.88, 12.952381, 12.027075 ] }, { "date": "2024-05-17", "close": 15.16, "volume": 253500, "typical_volume": 172775.0, "trend": 11.231667, "fair_value": 10.302949, "relative_strength": 30.575627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.283904, "energy": 55.798437, "activity_lines": [ 15.29, 15.079818, 13.293286, 12.289871 ] }, { "date": "2024-05-24", "close": 15.52, "volume": 148400, "typical_volume": 177100.0, "trend": 11.418667, "fair_value": 10.287692, "relative_strength": 33.565995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.245828, "energy": 48.189651, "activity_lines": [ 15.296667, 15.268545, 13.641667, 12.566538 ] }, { "date": "2024-05-31", "close": 16.25, "volume": 145800, "typical_volume": 181440.0, "trend": 11.636333, "fair_value": 10.280321, "relative_strength": 39.207561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.547127, "energy": 47.920381, "activity_lines": [ 15.539333, 15.520182, 14.029857, 12.878237 ] }, { "date": "2024-06-07", "close": 14.67, "volume": 162400, "typical_volume": 186975.0, "trend": 11.812667, "fair_value": 10.248077, "relative_strength": 26.427517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.996173, "energy": 39.183629, "activity_lines": [ 15.288667, 15.406545, 14.233476, 13.073957 ] }, { "date": "2024-06-14", "close": 14.26, "volume": 92300, "typical_volume": 188905.0, "trend": 11.949333, "fair_value": 10.224744, "relative_strength": 24.182273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.803278, "energy": 33.000841, "activity_lines": [ 14.995333, 15.194545, 14.370048, 13.231849 ] }, { "date": "2024-06-21", "close": 13.38, "volume": 104600, "typical_volume": 186955.0, "trend": 12.064, "fair_value": 10.19641, "relative_strength": 16.371629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.129791, "energy": 21.380747, "activity_lines": [ 14.398, 14.831273, 14.398286, 13.324151 ] }, { "date": "2024-06-28", "close": 12.55, "volume": 86600, "typical_volume": 189040.0, "trend": 12.137333, "fair_value": 10.166603, "relative_strength": 7.159983, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.3369, "energy": 19.931685, "activity_lines": [ 13.642667, 14.357091, 14.331143, 13.355505 ] }, { "date": "2024-07-05", "close": 13.77, "volume": 50600, "typical_volume": 186455.0, "trend": 12.253667, "fair_value": 10.152308, "relative_strength": 15.933033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.874046, "energy": 19.709865, "activity_lines": [ 13.492, 14.156727, 14.364286, 13.460839 ] }, { "date": "2024-07-12", "close": 13.88, "volume": 82500, "typical_volume": 186160.0, "trend": 12.371333, "fair_value": 10.147051, "relative_strength": 13.419363, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.564051, "energy": 18.397915, "activity_lines": [ 13.543333, 14.030545, 14.382238, 13.565763 ] }, { "date": "2024-07-19", "close": 12.82, "volume": 132800, "typical_volume": 188060.0, "trend": 12.462333, "fair_value": 10.138846, "relative_strength": 4.687022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.771191, "energy": 15.004994, "activity_lines": [ 13.294, 13.751636, 14.273048, 13.59471 ] }, { "date": "2024-07-26", "close": 12.57, "volume": 144000, "typical_volume": 185265.0, "trend": 12.563667, "fair_value": 10.125192, "relative_strength": 2.088457, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.173682, "energy": 20.639623, "activity_lines": [ 13.057333, 13.450545, 14.12319, 13.601656 ] }, { "date": "2024-08-02", "close": 11.91, "volume": 170800, "typical_volume": 188290.0, "trend": 12.651333, "fair_value": 10.111154, "relative_strength": -0.811279, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.945607, "energy": 34.000865, "activity_lines": [ 12.654667, 13.076545, 13.902762, 13.559484 ] }, { "date": "2024-08-09", "close": 11.45, "volume": 226400, "typical_volume": 188915.0, "trend": 12.73, "fair_value": 10.095449, "relative_strength": -5.116345, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.699155, "energy": 56.814226, "activity_lines": [ 12.141333, 12.684545, 13.637429, 13.481978 ] }, { "date": "2024-08-16", "close": 12.31, "volume": 205400, "typical_volume": 186855.0, "trend": 12.847333, "fair_value": 10.091667, "relative_strength": -1.498097, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.832097, "energy": 50.111986, "activity_lines": [ 12.069333, 12.536182, 13.456429, 13.454882 ] }, { "date": "2024-08-23", "close": 12.76, "volume": 179000, "typical_volume": 179070.0, "trend": 12.969, "fair_value": 10.07859, "relative_strength": 0.943331, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.554881, "energy": 40.547138, "activity_lines": [ 12.252, 12.512545, 13.323286, 13.449247 ] }, { "date": "2024-08-30", "close": 12.27, "volume": 109700, "typical_volume": 167065.0, "trend": 13.046333, "fair_value": 10.061731, "relative_strength": -3.199253, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.989716, "energy": 31.595155, "activity_lines": [ 12.275333, 12.427091, 13.152905, 13.404151 ] }, { "date": "2024-09-06", "close": 11.51, "volume": 92400, "typical_volume": 158375.0, "trend": 13.123, "fair_value": 10.042564, "relative_strength": -7.057374, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.240857, "energy": 31.924312, "activity_lines": [ 12.065333, 12.223636, 12.925905, 13.305032 ] }, { "date": "2024-09-13", "close": 12.86, "volume": 189200, "typical_volume": 150915.0, "trend": 13.272333, "fair_value": 10.033333, "relative_strength": 0.091252, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.185963, "energy": 16.718491, "activity_lines": [ 12.332, 12.284545, 12.846048, 13.288065 ] }, { "date": "2024-09-20", "close": 12.93, "volume": 222400, "typical_volume": 155980.0, "trend": 13.424, "fair_value": 10.029679, "relative_strength": -0.882481, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -38.910558, "energy": 23.488497, "activity_lines": [ 12.528, 12.374727, 12.791381, 13.265978 ] }, { "date": "2024-09-27", "close": 13.05, "volume": 241600, "typical_volume": 152020.0, "trend": 13.549667, "fair_value": 10.029359, "relative_strength": -0.678326, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.97364, "energy": 17.477881, "activity_lines": [ 12.722667, 12.504, 12.763143, 13.241849 ] }, { "date": "2024-10-04", "close": 12.69, "volume": 161700, "typical_volume": 147430.0, "trend": 13.607667, "fair_value": 10.023526, "relative_strength": -4.507442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.549531, "energy": 20.018333, "activity_lines": [ 12.778, 12.563636, 12.705619, 13.186387 ] }, { "date": "2024-10-11", "close": 13.82, "volume": 226600, "typical_volume": 151340.0, "trend": 13.679, "fair_value": 10.02109, "relative_strength": 2.62225, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.864888, "energy": 11.238936, "activity_lines": [ 13.182, 12.826545, 12.767476, 13.200086 ] }, { "date": "2024-10-18", "close": 15.0, "volume": 229400, "typical_volume": 155520.0, "trend": 13.780333, "fair_value": 10.026218, "relative_strength": 9.659504, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.783337, "energy": 30.843457, "activity_lines": [ 13.825333, 13.269273, 12.94981, 13.285312 ] }, { "date": "2024-10-25", "close": 14.4, "volume": 234100, "typical_volume": 159105.0, "trend": 13.815, "fair_value": 10.031346, "relative_strength": 6.594907, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.010661, "energy": 39.724451, "activity_lines": [ 14.126, 13.538364, 13.080952, 13.32529 ] }, { "date": "2024-11-01", "close": 13.02, "volume": 164200, "typical_volume": 162700.0, "trend": 13.757667, "fair_value": 10.026346, "relative_strength": -2.94911, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.354884, "energy": 26.970189, "activity_lines": [ 13.868667, 13.518545, 13.081952, 13.274 ] }, { "date": "2024-11-08", "close": 12.4, "volume": 234500, "typical_volume": 169195.0, "trend": 13.651667, "fair_value": 10.010962, "relative_strength": -9.526977, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -21.010183, "energy": 15.486931, "activity_lines": [ 13.406667, 13.381273, 13.02981, 13.186409 ] }, { "date": "2024-11-15", "close": 11.89, "volume": 273600, "typical_volume": 178545.0, "trend": 13.534333, "fair_value": 9.998718, "relative_strength": -13.627992, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.772414, "energy": 25.802972, "activity_lines": [ 12.794, 13.148909, 12.933762, 13.072753 ] }, { "date": "2024-11-22", "close": 11.69, "volume": 137800, "typical_volume": 182905.0, "trend": 13.365667, "fair_value": 9.990321, "relative_strength": -16.827194, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.863094, "energy": 38.950969, "activity_lines": [ 12.243333, 12.873273, 12.82181, 12.953763 ] }, { "date": "2024-11-29", "close": 11.82, "volume": 89600, "typical_volume": 183260.0, "trend": 13.223667, "fair_value": 9.988526, "relative_strength": -16.438723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.659226, "energy": 48.339044, "activity_lines": [ 11.956667, 12.642545, 12.732143, 12.854043 ] }, { "date": "2024-12-06", "close": 11.91, "volume": 138300, "typical_volume": 183535.0, "trend": 13.150667, "fair_value": 9.991795, "relative_strength": -15.822598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.209376, "energy": 55.815903, "activity_lines": [ 11.872, 12.448364, 12.660857, 12.76929 ] }, { "date": "2024-12-13", "close": 11.97, "volume": 113000, "typical_volume": 181985.0, "trend": 13.044333, "fair_value": 9.995449, "relative_strength": -13.909158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.092851, "energy": 52.010998, "activity_lines": [ 11.881333, 12.285818, 12.599619, 12.693118 ] }, { "date": "2024-12-20", "close": 11.36, "volume": 103900, "typical_volume": 178640.0, "trend": 12.905667, "fair_value": 9.992628, "relative_strength": -15.992281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.907805, "energy": 44.962455, "activity_lines": [ 11.716, 12.025455, 12.483143, 12.584452 ] }, { "date": "2024-12-27", "close": 11.41, "volume": 83700, "typical_volume": 171505.0, "trend": 12.744333, "fair_value": 9.992692, "relative_strength": -16.308462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.017905, "energy": 41.286036, "activity_lines": [ 11.602667, 11.818909, 12.374048, 12.487957 ] }, { "date": "2025-01-03", "close": 11.8, "volume": 80200, "typical_volume": 165245.0, "trend": 12.648667, "fair_value": 9.995897, "relative_strength": -14.486308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.380422, "energy": 34.284464, "activity_lines": [ 11.638, 11.748545, 12.302286, 12.427032 ] }, { "date": "2025-01-10", "close": 12.08, "volume": 117400, "typical_volume": 162165.0, "trend": 12.576, "fair_value": 9.999615, "relative_strength": -11.545288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.28015, "energy": 30.439427, "activity_lines": [ 11.768, 11.776364, 12.259619, 12.390344 ] }, { "date": "2025-01-17", "close": 12.11, "volume": 72500, "typical_volume": 160305.0, "trend": 12.533667, "fair_value": 10.000321, "relative_strength": -12.578539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.902608, "energy": 21.040727, "activity_lines": [ 11.896667, 11.826727, 12.223048, 12.36028 ] }, { "date": "2025-01-24", "close": 12.0, "volume": 93900, "typical_volume": 160380.0, "trend": 12.515333, "fair_value": 10.010577, "relative_strength": -14.853535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.906961, "energy": 16.592356, "activity_lines": [ 11.979333, 11.862364, 12.176762, 12.325849 ] }, { "date": "2025-01-31", "close": 12.0, "volume": 121000, "typical_volume": 156970.0, "trend": 12.456333, "fair_value": 10.01891, "relative_strength": -15.063294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.021556, "energy": 16.478085, "activity_lines": [ 12.019333, 11.896, 12.128143, 12.292602 ] }, { "date": "2025-02-07", "close": 10.54, "volume": 338700, "typical_volume": 162785.0, "trend": 12.345, "fair_value": 10.014679, "relative_strength": -25.069994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.871935, "energy": 37.755557, "activity_lines": [ 11.533333, 11.658545, 11.944571, 12.168968 ] }, { "date": "2025-02-14", "close": 10.47, "volume": 354500, "typical_volume": 168430.0, "trend": 12.266667, "fair_value": 10.015769, "relative_strength": -25.728249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.210892, "energy": 59.579883, "activity_lines": [ 11.108, 11.431636, 11.765714, 12.048 ] }, { "date": "2025-02-21", "close": 10.16, "volume": 191300, "typical_volume": 169910.0, "trend": 12.186333, "fair_value": 10.018718, "relative_strength": -26.995925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.162474, "energy": 71.763431, "activity_lines": [ 10.686667, 11.174545, 11.569619, 11.912086 ] }, { "date": "2025-02-28", "close": 9.95, "volume": 199200, "typical_volume": 168540.0, "trend": 12.121, "fair_value": 10.015833, "relative_strength": -29.103433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.372816, "energy": 77.289755, "activity_lines": [ 10.325333, 10.912182, 11.365571, 11.767806 ] }, { "date": "2025-03-07", "close": 10.29, "volume": 197400, "typical_volume": 166940.0, "trend": 12.082333, "fair_value": 10.009359, "relative_strength": -24.569976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.435535, "energy": 72.641193, "activity_lines": [ 10.214, 10.737273, 11.212333, 11.649677 ] }, { "date": "2025-03-14", "close": 10.72, "volume": 270000, "typical_volume": 168735.0, "trend": 12.029333, "fair_value": 10.008846, "relative_strength": -20.488629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.14331, "energy": 57.807487, "activity_lines": [ 10.36, 10.660909, 11.122476, 11.561785 ] }, { "date": "2025-03-21", "close": 10.97, "volume": 652800, "typical_volume": 193165.0, "trend": 11.969667, "fair_value": 10.009936, "relative_strength": -19.692646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.370518, "energy": 36.963852, "activity_lines": [ 10.577333, 10.649636, 11.073952, 11.493441 ] }, { "date": "2025-03-28", "close": 11.0, "volume": 276800, "typical_volume": 195280.0, "trend": 11.927333, "fair_value": 10.011859, "relative_strength": -18.337553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.868766, "energy": 23.039621, "activity_lines": [ 10.771333, 10.664, 11.038048, 11.430882 ] }, { "date": "2025-04-04", "close": 9.56, "volume": 300600, "typical_volume": 196630.0, "trend": 11.862333, "fair_value": 10.007115, "relative_strength": -23.561771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.608532, "energy": 35.246696, "activity_lines": [ 10.429333, 10.436727, 10.871667, 11.278151 ] }, { "date": "2025-04-11", "close": 11.04, "volume": 232400, "typical_volume": 201360.0, "trend": 11.801667, "fair_value": 10.008654, "relative_strength": -12.44387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.343321, "energy": 20.868758, "activity_lines": [ 10.606667, 10.522909, 10.857333, 11.225097 ] }, { "date": "2025-04-18", "close": 11.04, "volume": 154700, "typical_volume": 204615.0, "trend": 11.738667, "fair_value": 10.017885, "relative_strength": -13.857731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.263885, "energy": 18.500637, "activity_lines": [ 10.734, 10.626545, 10.846095, 11.175957 ] }, { "date": "2025-04-25", "close": 10.6, "volume": 199300, "typical_volume": 207665.0, "trend": 11.657, "fair_value": 10.030064, "relative_strength": -18.03148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.263197, "energy": 19.851721, "activity_lines": [ 10.693333, 10.641091, 10.796667, 11.102495 ] }, { "date": "2025-05-02", "close": 10.14, "volume": 230800, "typical_volume": 213555.0, "trend": 11.572, "fair_value": 10.043782, "relative_strength": -21.651038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.267369, "energy": 22.950069, "activity_lines": [ 10.524, 10.569636, 10.709667, 11.004624 ] }, { "date": "2025-05-09", "close": 10.4, "volume": 164100, "typical_volume": 216565.0, "trend": 11.458, "fair_value": 10.068782, "relative_strength": -20.015651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.349337, "energy": 24.362722, "activity_lines": [ 10.498667, 10.545818, 10.656143, 10.929011 ] }, { "date": "2025-05-16", "close": 9.95, "volume": 178500, "typical_volume": 221305.0, "trend": 11.289667, "fair_value": 10.090897, "relative_strength": -24.459761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.080165, "energy": 34.298142, "activity_lines": [ 10.267333, 10.432, 10.564333, 10.83172 ] }, { "date": "2025-05-23", "close": 10.92, "volume": 158000, "typical_volume": 225195.0, "trend": 11.173667, "fair_value": 10.111538, "relative_strength": -15.929694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.926205, "energy": 24.166616, "activity_lines": [ 10.432, 10.500727, 10.571857, 10.807871 ] }, { "date": "2025-05-30", "close": 11.0, "volume": 94200, "typical_volume": 224035.0, "trend": 11.106333, "fair_value": 10.133333, "relative_strength": -15.263797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.428435, "energy": 12.658516, "activity_lines": [ 10.631333, 10.580364, 10.59119, 10.796667 ] }, { "date": "2025-06-06", "close": 12.85, "volume": 279500, "typical_volume": 234385.0, "trend": 11.121333, "fair_value": 10.167628, "relative_strength": -1.27343, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.930478, "energy": 31.222323, "activity_lines": [ 11.420667, 10.995818, 10.791857, 10.909161 ] }, { "date": "2025-06-13", "close": 12.77, "volume": 194000, "typical_volume": 239390.0, "trend": 11.150667, "fair_value": 10.209744, "relative_strength": -1.485197, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.002497, "energy": 51.60881, "activity_lines": [ 12.002667, 11.363091, 10.981381, 11.015527 ] }, { "date": "2025-06-20", "close": 12.57, "volume": 184600, "typical_volume": 242570.0, "trend": 11.18, "fair_value": 10.248013, "relative_strength": -2.441776, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.328232, "energy": 62.63293, "activity_lines": [ 12.36, 11.635636, 11.14819, 11.107097 ] }, { "date": "2025-06-27", "close": 12.82, "volume": 166500, "typical_volume": 233960.0, "trend": 11.213333, "fair_value": 10.295577, "relative_strength": -0.861024, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.840612, "energy": 66.902196, "activity_lines": [ 12.626, 11.925818, 11.336095, 11.212903 ] }, { "date": "2025-07-04", "close": 15.55, "volume": 313100, "typical_volume": 231890.0, "trend": 11.334667, "fair_value": 10.361282, "relative_strength": 18.889478, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.145844, "energy": 90.511107, "activity_lines": [ 13.675333, 12.68, 11.773143, 11.492688 ] }, { "date": "2025-07-11", "close": 15.0, "volume": 430900, "typical_volume": 243870.0, "trend": 11.435667, "fair_value": 10.427308, "relative_strength": 15.062791, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.096171, "energy": 90.897957, "activity_lines": [ 14.238, 13.244182, 12.133619, 11.729161 ] }, { "date": "2025-07-18", "close": 15.03, "volume": 286600, "typical_volume": 248240.0, "trend": 11.558, "fair_value": 10.49609, "relative_strength": 14.132885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.531949, "energy": 90.11825, "activity_lines": [ 14.667333, 13.725455, 12.473905, 11.961054 ] }, { "date": "2025-07-25", "close": 15.57, "volume": 230500, "typical_volume": 249895.0, "trend": 11.696667, "fair_value": 10.563397, "relative_strength": 17.385876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.710286, "energy": 91.502709, "activity_lines": [ 15.126, 14.220727, 12.841429, 12.219892 ] }, { "date": "2025-08-01", "close": 13.86, "volume": 313700, "typical_volume": 252080.0, "trend": 11.765333, "fair_value": 10.623269, "relative_strength": 6.423889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.379772, "energy": 72.897695, "activity_lines": [ 14.814667, 14.302909, 13.020952, 12.359462 ] }, { "date": "2025-08-08", "close": 14.04, "volume": 237100, "typical_volume": 231295.0, "trend": 11.830667, "fair_value": 10.685641, "relative_strength": 4.969714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.450397, "energy": 53.151231, "activity_lines": [ 14.494, 14.364364, 13.202667, 12.506215 ] }, { "date": "2025-08-15", "close": 13.99, "volume": 323800, "typical_volume": 233645.0, "trend": 11.893333, "fair_value": 10.750769, "relative_strength": 4.181261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.189663, "energy": 39.301812, "activity_lines": [ 14.257333, 14.361455, 13.365, 12.645527 ] }, { "date": "2025-08-22", "close": 14.99, "volume": 435300, "typical_volume": 240380.0, "trend": 11.993, "fair_value": 10.820641, "relative_strength": 10.026539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.832682, "energy": 35.596267, "activity_lines": [ 14.421333, 14.519636, 13.608333, 12.845312 ] }, { "date": "2025-08-29", "close": 15.78, "volume": 425300, "typical_volume": 250025.0, "trend": 12.119, "fair_value": 10.895705, "relative_strength": 14.763528, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.563647, "energy": 48.147944, "activity_lines": [ 14.851333, 14.781091, 13.901048, 13.089634 ] }, { "date": "2025-09-05", "close": 18.76, "volume": 1047400, "typical_volume": 294660.0, "trend": 12.393, "fair_value": 10.986154, "relative_strength": 33.404289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.757541, "energy": 75.075711, "activity_lines": [ 16.260667, 15.526, 14.455, 13.518086 ] }, { "date": "2025-09-12", "close": 19.120001, "volume": 785300, "typical_volume": 323960.0, "trend": 12.681333, "fair_value": 11.078782, "relative_strength": 34.309116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.164284, "energy": 92.884488, "activity_lines": [ 17.463334, 16.228364, 15.006476, 13.952086 ] }, { "date": "2025-09-19", "close": 20.040001, "volume": 522900, "typical_volume": 338565.0, "trend": 13.010667, "fair_value": 11.17891, "relative_strength": 37.763676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.038535, "energy": 93.953409, "activity_lines": [ 18.634001, 17.033091, 15.605, 14.426839 ] }, { "date": "2025-09-26", "close": 21.719999, "volume": 394700, "typical_volume": 350095.0, "trend": 13.403, "fair_value": 11.289103, "relative_strength": 48.268418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.252929, "energy": 96.045484, "activity_lines": [ 19.961333, 18.051636, 16.316381, 14.988731 ] }, { "date": "2025-10-03", "close": 24.23, "volume": 554500, "typical_volume": 368895.0, "trend": 13.867667, "fair_value": 11.410641, "relative_strength": 59.860301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.960149, "energy": 97.899961, "activity_lines": [ 21.676667, 19.404909, 17.212905, 15.687247 ] }, { "date": "2025-10-10", "close": 26.51, "volume": 715700, "typical_volume": 396780.0, "trend": 14.394, "fair_value": 11.552244, "relative_strength": 76.335949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.150143, "energy": 97.950086, "activity_lines": [ 23.588667, 21.015273, 18.258572, 16.502882 ] }, { "date": "2025-10-17", "close": 29.85, "volume": 640200, "typical_volume": 424080.0, "trend": 15.023333, "fair_value": 11.712244, "relative_strength": 93.986273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.960531, "energy": 96.913829, "activity_lines": [ 26.097333, 23.002909, 19.548095, 17.500043 ] }, { "date": "2025-10-24", "close": 27.379999, "volume": 519900, "typical_volume": 436100.0, "trend": 15.569333, "fair_value": 11.855962, "relative_strength": 74.443296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.333231, "energy": 76.468228, "activity_lines": [ 27.067333, 24.254, 20.512619, 18.297247 ] }, { "date": "2025-10-31", "close": 25.68, "volume": 358500, "typical_volume": 444325.0, "trend": 16.106667, "fair_value": 11.989038, "relative_strength": 62.230482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.046094, "energy": 67.79969, "activity_lines": [ 26.981333, 24.952545, 21.246048, 18.949548 ] }, { "date": "2025-11-07", "close": 22.48, "volume": 429000, "typical_volume": 456545.0, "trend": 16.488, "fair_value": 12.089295, "relative_strength": 42.357319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.723979, "energy": 60.963373, "activity_lines": [ 25.564666, 24.874909, 21.613238, 19.360731 ] }, { "date": "2025-11-14", "close": 24.16, "volume": 349100, "typical_volume": 465675.0, "trend": 16.925333, "fair_value": 12.202308, "relative_strength": 49.172689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.627773, "energy": 43.404754, "activity_lines": [ 24.824667, 24.980909, 22.093238, 19.855699 ] }, { "date": "2025-11-21", "close": 22.6, "volume": 382300, "typical_volume": 469135.0, "trend": 17.325333, "fair_value": 12.301026, "relative_strength": 38.858301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.988038, "energy": 28.55239, "activity_lines": [ 23.721333, 24.705091, 22.370667, 20.221806 ] }, { "date": "2025-11-28", "close": 25.99, "volume": 301500, "typical_volume": 462665.0, "trend": 17.853667, "fair_value": 12.417628, "relative_strength": 51.48565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.806867, "energy": 28.774852, "activity_lines": [ 24.231333, 24.982364, 22.937381, 20.780817 ] }, { "date": "2025-12-05", "close": 25.99, "volume": 242800, "typical_volume": 460475.0, "trend": 18.373333, "fair_value": 12.536538, "relative_strength": 49.898682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.244016, "energy": 33.956467, "activity_lines": [ 24.834, 25.151454, 23.451762, 21.305742 ] }, { "date": "2025-12-12", "close": 26.01, "volume": 301600, "typical_volume": 464030.0, "trend": 18.908667, "fair_value": 12.655385, "relative_strength": 47.190028, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.282615, "energy": 38.476077, "activity_lines": [ 25.422667, 25.246545, 23.915857, 21.79843 ] }, { "date": "2025-12-19", "close": 26.719999, "volume": 273000, "typical_volume": 461995.0, "trend": 19.435333, "fair_value": 12.775897, "relative_strength": 48.190183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.153593, "energy": 44.211778, "activity_lines": [ 26.012666, 25.438363, 24.397857, 22.302387 ] }, { "date": "2025-12-26", "close": 26.959999, "volume": 190600, "typical_volume": 459670.0, "trend": 19.967333, "fair_value": 12.897692, "relative_strength": 46.484144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.249481, "energy": 43.441842, "activity_lines": [ 26.511999, 25.67, 24.841476, 22.787849 ] }, { "date": "2026-01-02", "close": 25.629999, "volume": 255800, "typical_volume": 456270.0, "trend": 20.393333, "fair_value": 13.000385, "relative_strength": 38.225951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.062834, "energy": 38.087114, "activity_lines": [ 26.277333, 25.712363, 25.096904, 23.153183 ] }, { "date": "2026-01-09", "close": 28.99, "volume": 485600, "typical_volume": 458785.0, "trend": 20.934, "fair_value": 13.125192, "relative_strength": 50.848477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.666599, "energy": 45.80741, "activity_lines": [ 27.186666, 26.397454, 25.616904, 23.707806 ] }, { "date": "2026-01-16", "close": 31.75, "volume": 542500, "typical_volume": 464645.0, "trend": 21.573333, "fair_value": 13.269038, "relative_strength": 60.567477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.815038, "energy": 72.275125, "activity_lines": [ 28.816, 27.524181, 26.333095, 24.405613 ] }, { "date": "2026-01-23", "close": 36.630001, "volume": 535300, "typical_volume": 439040.0, "trend": 22.367, "fair_value": 13.444936, "relative_strength": 80.976528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.028381, "energy": 91.501172, "activity_lines": [ 31.689333, 29.369636, 27.438, 25.377011 ] }, { "date": "2026-01-30", "close": 32.860001, "volume": 549000, "typical_volume": 427225.0, "trend": 22.944, "fair_value": 13.601667, "relative_strength": 65.644415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.719431, "energy": 81.711537, "activity_lines": [ 32.645334, 30.302909, 28.098762, 26.053978 ] }, { "date": "2026-02-06", "close": 34.400002, "volume": 544600, "typical_volume": 428310.0, "trend": 23.590667, "fair_value": 13.770513, "relative_strength": 67.146452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.312251, "energy": 84.326914, "activity_lines": [ 33.721334, 31.329637, 28.840762, 26.793075 ] }, { "date": "2026-02-13", "close": 35.060001, "volume": 374400, "typical_volume": 427295.0, "trend": 24.258333, "fair_value": 13.944231, "relative_strength": 64.018264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.095362, "energy": 80.670289, "activity_lines": [ 34.432668, 32.323455, 29.577238, 27.533032 ] }, { "date": "2026-02-20", "close": 35.849998, "volume": 238400, "typical_volume": 411490.0, "trend": 24.934333, "fair_value": 14.12641, "relative_strength": 60.884526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.168868, "energy": 61.251223, "activity_lines": [ 35.002667, 33.296, 30.325429, 28.280882 ] }, { "date": "2026-02-27", "close": 38.75, "volume": 278400, "typical_volume": 389625.0, "trend": 25.764, "fair_value": 14.311282, "relative_strength": 67.648909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.07726, "energy": 69.568725, "activity_lines": [ 36.266, 34.616909, 31.294476, 29.172215 ] }, { "date": "2026-03-06", "close": 32.950001, "volume": 260400, "typical_volume": 370635.0, "trend": 26.394333, "fair_value": 14.459103, "relative_strength": 45.555501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.106874, "energy": 51.467945, "activity_lines": [ 35.454667, 34.664546, 31.652857, 29.635828 ] }, { "date": "2026-03-13", "close": 31.799999, "volume": 314200, "typical_volume": 360350.0, "trend": 26.988, "fair_value": 14.592756, "relative_strength": 40.676827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.516474, "energy": 37.248627, "activity_lines": [ 34.254, 34.394182, 31.886952, 29.984581 ] }, { "date": "2026-03-20", "close": 25.389999, "volume": 388600, "typical_volume": 361855.0, "trend": 27.334667, "fair_value": 14.685962, "relative_strength": 15.524209, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.5087, "energy": 13.033833, "activity_lines": [ 31.089999, 32.846182, 31.489524, 29.881484 ] }, { "date": "2026-03-27", "close": 26.74, "volume": 221500, "typical_volume": 351480.0, "trend": 27.7, "fair_value": 14.784359, "relative_strength": 17.949612, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.141472, "energy": 21.71117, "activity_lines": [ 29.020666, 31.609091, 31.222048, 29.843118 ] }, { "date": "2026-04-03", "close": 29.870001, "volume": 169900, "typical_volume": 342520.0, "trend": 28.070333, "fair_value": 14.897115, "relative_strength": 25.52192, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.753237, "energy": 21.730221, "activity_lines": [ 28.602, 31.032182, 31.232381, 29.983118 ] }, { "date": "2026-04-10", "close": 31.969999, "volume": 207700, "typical_volume": 333790.0, "trend": 28.498667, "fair_value": 15.020128, "relative_strength": 30.327533, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.335287, "energy": 19.731266, "activity_lines": [ 29.475333, 30.96, 31.415524, 30.23471 ] }, { "date": "2026-04-17", "close": 35.529999, "volume": 325000, "typical_volume": 334965.0, "trend": 29.015, "fair_value": 15.174808, "relative_strength": 39.959449, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.395343, "energy": 18.348764, "activity_lines": [ 31.600666, 31.551272, 31.893095, 30.688344 ] }, { "date": "2026-04-24", "close": 32.900002, "volume": 261700, "typical_volume": 335910.0, "trend": 29.387667, "fair_value": 15.314551, "relative_strength": 29.465935, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.16616, "energy": 24.107727, "activity_lines": [ 32.600667, 31.643818, 32.074762, 30.938989 ] }, { "date": "2026-05-01", "close": 28.870001, "volume": 329300, "typical_volume": 337295.0, "trend": 29.542333, "fair_value": 15.422885, "relative_strength": 12.362639, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.671629, "energy": 16.978666, "activity_lines": [ 31.756667, 31.042909, 31.839714, 30.905591 ] }, { "date": "2026-05-08", "close": 33.040001, "volume": 504700, "typical_volume": 348880.0, "trend": 29.76, "fair_value": 15.565256, "relative_strength": 26.098842, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.398884, "energy": 22.588233, "activity_lines": [ 32.160667, 31.327091, 31.988191, 31.131247 ] }, { "date": "2026-05-15", "close": 31.17, "volume": 306300, "typical_volume": 354665.0, "trend": 29.804, "fair_value": 15.696923, "relative_strength": 18.229802, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.710893, "energy": 12.440791, "activity_lines": [ 31.730001, 31.375091, 31.928476, 31.222215 ] }, { "date": "2026-05-22", "close": 29.08, "volume": 195800, "typical_volume": 351665.0, "trend": 29.860667, "fair_value": 15.819615, "relative_strength": 7.14585, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.261933, "energy": 8.179942, "activity_lines": [ 30.656, 31.075455, 31.649667, 31.175506 ] }, { "date": "2026-05-29", "close": 30.32, "volume": 183500, "typical_volume": 336560.0, "trend": 30.015333, "fair_value": 15.944423, "relative_strength": 9.549239, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.424883, "energy": 8.937376, "activity_lines": [ 30.425334, 31.050728, 31.472524, 31.20514 ] }, { "date": "2026-06-05", "close": 25.469999, "volume": 171600, "typical_volume": 318015.0, "trend": 30.115, "fair_value": 16.043077, "relative_strength": -7.590237, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.348556, "energy": 38.315644, "activity_lines": [ 28.75, 30.054546, 30.827143, 30.911893 ] }, { "date": "2026-06-12", "close": 26.700001, "volume": 64500, "typical_volume": 294475.0, "trend": 30.199667, "fair_value": 16.1525, "relative_strength": -5.224236, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.098904, "energy": 48.208905, "activity_lines": [ 27.711333, 29.305091, 30.32881, 30.69157 ] }, { "date": "2026-06-19", "close": 27.1, "volume": 27300, "typical_volume": 268390.0, "trend": 30.349667, "fair_value": 16.266731, "relative_strength": -4.573763, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.909537, "energy": 51.936528, "activity_lines": [ 27.228667, 28.686, 29.915857, 30.491592 ] }, { "date": "2026-06-26", "close": 25.43, "volume": 71000, "typical_volume": 244710.0, "trend": 30.331, "fair_value": 16.368718, "relative_strength": -11.002594, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.859496, "energy": 68.576362, "activity_lines": [ 26.460667, 27.851818, 29.371286, 30.174194 ] }, { "date": "2026-07-03", "close": 27.58, "volume": 39700, "typical_volume": 227975.0, "trend": 30.384, "fair_value": 16.486538, "relative_strength": -4.676164, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.122801, "energy": 57.896955, "activity_lines": [ 26.652667, 27.592182, 29.074191, 29.99671 ] }, { "date": "2026-07-10", "close": 25.27, "volume": 228100, "typical_volume": 227460.0, "trend": 30.359333, "fair_value": 16.577756, "relative_strength": -13.130631, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.246351, "energy": 53.30478, "activity_lines": [ 26.257333, 27.009273, 28.592714, 29.666774 ] }, { "date": "2026-07-17", "close": 22.940001, "volume": 228800, "typical_volume": 224980.0, "trend": 30.233333, "fair_value": 16.650128, "relative_strength": -21.232075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.064808, "energy": 63.294547, "activity_lines": [ 25.098667, 26.068182, 27.939714, 29.188108 ] }, { "date": "2026-07-24", "close": 24.290001, "volume": 135700, "typical_volume": 218745.0, "trend": 30.144334, "fair_value": 16.733269, "relative_strength": -17.077322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.384322, "energy": 55.661163, "activity_lines": [ 24.640667, 25.556182, 27.490572, 28.804667 ] }, { "date": "2026-07-31", "close": 24.27, "volume": 152500, "typical_volume": 210660.0, "trend": 30.099, "fair_value": 16.822821, "relative_strength": -17.147914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.748574, "energy": 60.752932, "activity_lines": [ 24.363334, 25.165637, 27.080762, 28.425678 ] }, { "date": "2026-08-07", "close": 26.700001, "volume": 274400, "typical_volume": 204950.0, "trend": 30.022667, "fair_value": 16.931346, "relative_strength": -12.20949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.126906, "energy": 50.877798, "activity_lines": [ 24.973334, 25.304364, 26.938238, 28.206387 ] } ], "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." } } }