{ "ticker": { "uuid": "813d25bf-36a4-4231-9e1c-052da64a77ae", "symbol": "ADV", "name": "Adtran Networks SE", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 65.149, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.586, "architecture_energy": 69.575, "architecture_maturity": 100.0, "architecture_confidence": 69.187, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 2.77, "rotation_up": 77.52, "upward_expansion": 90.0, "deceleration": 53.42, "rotation_down": 15.0, "downward_expansion": 12.0 }, "activity_lines": [ 23.193333, 23.066223, 22.830557, 22.644688 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 23.299999, "trend_reference": 22.377803, "distance_from_trend": 0.04121, "trend_direction": "Improving", "fair_value": 19.979316, "distance_from_fair_value": 0.166206, "fair_value_direction": "Improving", "relative_strength": -1.27598, "relative_strength_direction": "Weakening", "price_momentum": 0.069012, "excess_performance": 0.004372, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04121, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024863, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.166206, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.022358, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01276, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.066108, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.069012, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 21.716105, "read": "Demand-led" } ], "volume": { "latest": 56013, "relative_activity": 1.872114, "balance": 21.716105, "dry_up": 1.049269, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.010563, "annualized_volatility": 0.038822, "from_high_reference": -0.008511, "from_low_reference": 0.151641 }, "levels": { "trend_reference": 22.377803, "fair_value_reference": 19.979316, "structural_low": 21.502608, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 42, "median_return": 0.012025, "positive_rate": 0.809524, "directional_follow_through": 0.809524, "median_excess_return": -0.001395, "regime_survival": 0.952381, "best_return": 0.183962, "worst_return": -0.137143, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.033269, "positive_rate": 0.785714, "directional_follow_through": 0.785714, "median_excess_return": -0.001921, "regime_survival": 0.928571, "best_return": 0.165541, "worst_return": -0.051282, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.074951, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.036657, "regime_survival": 0.857143, "best_return": 0.282609, "worst_return": -0.084475, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.132768, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.066089, "regime_survival": 0.666667, "best_return": 0.418269, "worst_return": 0.121312, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2021-07-09", "end": "2021-10-08", "tenure": "Established", "return": -0.051282, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2021-10-15", "end": "2021-12-24", "tenure": "Developing", "return": 0.095082, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2021-12-31", "end": "2023-04-14", "tenure": "Extended", "return": 0.424006, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-04-21", "end": "2023-05-12", "tenure": "New", "return": -0.013861, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-05-19", "end": "2023-08-04", "tenure": "Developing", "return": 0.01005, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-08-11", "end": "2023-08-25", "tenure": "New", "return": -0.001002, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-01", "end": "2023-09-08", "tenure": "New", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-15", "end": "2024-06-21", "tenure": "Extended", "return": -0.012469, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-10-11", "tenure": "Established", "return": -0.013145, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.007165, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-12-13", "tenure": "Developing", "return": 0.012195, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2026-08-07", "tenure": "Extended", "return": 0.22619, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.001955, "volume": 43206, "typical_volume": 106071.9, "trend": 19.79799, "fair_value": 14.126725, "relative_strength": -8.594129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.912988, "energy": 21.327949, "activity_lines": [ 19.055319, 19.044057, 18.969734, 19.256157 ] }, { "date": "2023-08-25", "close": 19.001955, "volume": 54736, "typical_volume": 103138.65, "trend": 19.71413, "fair_value": 14.204184, "relative_strength": -8.751693, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.979949, "energy": 25.043864, "activity_lines": [ 19.029908, 19.046829, 18.968464, 19.2048 ] }, { "date": "2023-09-01", "close": 19.154427, "volume": 71551, "typical_volume": 90510.9, "trend": 19.637258, "fair_value": 14.285674, "relative_strength": -9.034686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.50129, "energy": 22.882513, "activity_lines": [ 19.065485, 19.07178, 18.986525, 19.16869 ] }, { "date": "2023-09-08", "close": 19.154427, "volume": 25312, "typical_volume": 85570.4, "trend": 19.559115, "fair_value": 14.369546, "relative_strength": -8.222922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.824045, "energy": 12.473177, "activity_lines": [ 19.094709, 19.08876, 19.004359, 19.13754 ] }, { "date": "2023-09-15", "close": 19.106777, "volume": 44735, "typical_volume": 80164.3, "trend": 19.480655, "fair_value": 14.45183, "relative_strength": -9.046093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.997241, "energy": 8.157756, "activity_lines": [ 19.108049, 19.091532, 19.018108, 19.108357 ] }, { "date": "2023-09-22", "close": 19.106777, "volume": 21994, "typical_volume": 77733.95, "trend": 19.388854, "fair_value": 14.537657, "relative_strength": -6.746822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.915203, "energy": 9.804244, "activity_lines": [ 19.115672, 19.094303, 19.031631, 19.084235 ] }, { "date": "2023-09-29", "close": 19.106777, "volume": 38243, "typical_volume": 73435.75, "trend": 19.295782, "fair_value": 14.623118, "relative_strength": -5.373744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.07116, "energy": 8.171476, "activity_lines": [ 19.116307, 19.097075, 19.045608, 19.066037 ] }, { "date": "2023-10-06", "close": 19.106777, "volume": 33417, "typical_volume": 71486.85, "trend": 19.211604, "fair_value": 14.707846, "relative_strength": -4.051984, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.507272, "energy": 3.712629, "activity_lines": [ 19.109954, 19.100714, 19.058994, 19.053843 ] }, { "date": "2023-10-13", "close": 19.154427, "volume": 85432, "typical_volume": 70172.0, "trend": 19.155062, "fair_value": 14.792207, "relative_strength": -3.24767, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.30209, "energy": 5.050938, "activity_lines": [ 19.12266, 19.112149, 19.076238, 19.050154 ] }, { "date": "2023-10-20", "close": 19.059132, "volume": 81369, "typical_volume": 66402.15, "trend": 19.095978, "fair_value": 14.873086, "relative_strength": -0.886894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.021602, "energy": 4.721862, "activity_lines": [ 19.103602, 19.106259, 19.082138, 19.043965 ] }, { "date": "2023-10-27", "close": 19.059132, "volume": 149242, "typical_volume": 69672.9, "trend": 19.043883, "fair_value": 14.955003, "relative_strength": 0.131953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.765498, "energy": 4.189464, "activity_lines": [ 19.08772, 19.099675, 19.085768, 19.041588 ] }, { "date": "2023-11-03", "close": 19.059132, "volume": 76082, "typical_volume": 67790.9, "trend": 19.012118, "fair_value": 15.036982, "relative_strength": -2.903222, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.550595, "energy": 13.59435, "activity_lines": [ 19.075014, 19.092051, 19.08722, 19.042572 ] }, { "date": "2023-11-10", "close": 18.868538, "volume": 120569, "typical_volume": 69542.65, "trend": 19.004177, "fair_value": 15.11609, "relative_strength": -3.941445, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.558949, "energy": 19.008747, "activity_lines": [ 19.001954, 19.048735, 19.068796, 19.033309 ] }, { "date": "2023-11-17", "close": 18.963835, "volume": 81515, "typical_volume": 70449.5, "trend": 18.994647, "fair_value": 15.194281, "relative_strength": -7.34278, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.538269, "energy": 20.037739, "activity_lines": [ 18.976541, 19.027943, 19.058722, 19.030706 ] }, { "date": "2023-11-24", "close": 18.84948, "volume": 44516, "typical_volume": 67671.85, "trend": 18.987659, "fair_value": 15.27119, "relative_strength": -8.260581, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.602323, "energy": 33.726568, "activity_lines": [ 18.925717, 18.989825, 19.037213, 19.02134 ] }, { "date": "2023-12-01", "close": 19.040071, "volume": 94265, "typical_volume": 70768.85, "trend": 18.982259, "fair_value": 15.349503, "relative_strength": -9.119836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.000023, "energy": 20.823698, "activity_lines": [ 18.952399, 18.991038, 19.03508, 19.024722 ] }, { "date": "2023-12-08", "close": 19.106777, "volume": 57818, "typical_volume": 69709.05, "trend": 18.986388, "fair_value": 15.429405, "relative_strength": -10.386223, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.115259, "energy": 10.997197, "activity_lines": [ 19.002588, 19.005592, 19.039618, 19.032755 ] }, { "date": "2023-12-15", "close": 19.154427, "volume": 59163, "typical_volume": 67223.55, "trend": 18.992741, "fair_value": 15.510345, "relative_strength": -9.638524, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.395291, "energy": 18.235558, "activity_lines": [ 19.065483, 19.028809, 19.04892, 19.043596 ] }, { "date": "2023-12-22", "close": 19.154427, "volume": 33361, "typical_volume": 66056.1, "trend": 19.008624, "fair_value": 15.591102, "relative_strength": -8.906657, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.02493, "energy": 27.542441, "activity_lines": [ 19.10932, 19.05116, 19.057769, 19.054028 ] }, { "date": "2023-12-29", "close": 19.059132, "volume": 37225, "typical_volume": 62687.55, "trend": 19.024507, "fair_value": 15.670148, "relative_strength": -9.089009, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.193437, "energy": 25.921281, "activity_lines": [ 19.108685, 19.056185, 19.057542, 19.057286 ] }, { "date": "2024-01-05", "close": 19.059132, "volume": 95041, "typical_volume": 65279.3, "trend": 19.039754, "fair_value": 15.744491, "relative_strength": -7.830092, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.535191, "energy": 22.791348, "activity_lines": [ 19.094073, 19.06121, 19.057134, 19.05952 ] }, { "date": "2024-01-12", "close": 19.106777, "volume": 105332, "typical_volume": 67809.1, "trend": 19.053413, "fair_value": 15.815108, "relative_strength": -7.809971, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.928888, "energy": 18.896174, "activity_lines": [ 19.094073, 19.074898, 19.060991, 19.063844 ] }, { "date": "2024-01-19", "close": 19.106777, "volume": 73072, "typical_volume": 67885.15, "trend": 19.066437, "fair_value": 15.881693, "relative_strength": -6.576469, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.182445, "energy": 9.780481, "activity_lines": [ 19.094072, 19.087719, 19.064349, 19.067287 ] }, { "date": "2024-01-26", "close": 19.059132, "volume": 83138, "typical_volume": 70776.45, "trend": 19.073425, "fair_value": 15.948583, "relative_strength": -8.619574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.607223, "energy": 3.583166, "activity_lines": [ 19.081366, 19.087546, 19.063396, 19.066816 ] }, { "date": "2024-02-02", "close": 19.106777, "volume": 106268, "typical_volume": 73853.1, "trend": 19.073425, "fair_value": 16.014435, "relative_strength": -7.786266, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.338155, "energy": 3.793919, "activity_lines": [ 19.090895, 19.094303, 19.067435, 19.068968 ] }, { "date": "2024-02-09", "close": 19.059132, "volume": 100534, "typical_volume": 77780.1, "trend": 19.071837, "fair_value": 16.079187, "relative_strength": -7.657559, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.789367, "energy": 3.850557, "activity_lines": [ 19.081366, 19.087719, 19.066936, 19.068045 ] }, { "date": "2024-02-16", "close": 19.059132, "volume": 61983, "typical_volume": 78967.1, "trend": 19.06866, "fair_value": 16.145283, "relative_strength": -8.293154, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.679017, "energy": 5.395261, "activity_lines": [ 19.071837, 19.080789, 19.066664, 19.067226 ] }, { "date": "2024-02-23", "close": 19.106777, "volume": 53597, "typical_volume": 79976.1, "trend": 19.070249, "fair_value": 16.21199, "relative_strength": -9.167459, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.138124, "energy": 2.884209, "activity_lines": [ 19.081366, 19.083388, 19.071156, 19.069685 ] }, { "date": "2024-03-01", "close": 19.059132, "volume": 70255, "typical_volume": 79217.25, "trend": 19.067072, "fair_value": 16.277658, "relative_strength": -10.535351, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.784443, "energy": 10.033074, "activity_lines": [ 19.075014, 19.07819, 19.071111, 19.068968 ] }, { "date": "2024-03-08", "close": 19.059132, "volume": 59924, "typical_volume": 78145.0, "trend": 19.068343, "fair_value": 16.341983, "relative_strength": -10.457979, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.523163, "energy": 9.303585, "activity_lines": [ 19.068661, 19.074725, 19.071519, 19.068455 ] }, { "date": "2024-03-15", "close": 19.059132, "volume": 49591, "typical_volume": 73162.45, "trend": 19.070249, "fair_value": 16.408384, "relative_strength": -10.564937, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -15.726046, "energy": 6.350843, "activity_lines": [ 19.065485, 19.07126, 19.071928, 19.067861 ] }, { "date": "2024-03-22", "close": 19.040071, "volume": 86454, "typical_volume": 73681.05, "trend": 19.071519, "fair_value": 16.471426, "relative_strength": -11.478831, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -36.605252, "energy": 15.830827, "activity_lines": [ 19.055955, 19.064329, 19.070521, 19.065914 ] }, { "date": "2024-03-29", "close": 19.021011, "volume": 87473, "typical_volume": 72026.25, "trend": 19.067072, "fair_value": 16.531414, "relative_strength": -12.523537, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -20.32606, "energy": 15.045957, "activity_lines": [ 19.041342, 19.055146, 19.06739, 19.062656 ] }, { "date": "2024-04-05", "close": 19.106777, "volume": 35429, "typical_volume": 69721.95, "trend": 19.065484, "fair_value": 16.591706, "relative_strength": -10.254185, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -10.483294, "energy": 6.164782, "activity_lines": [ 19.061036, 19.063116, 19.071701, 19.065217 ] }, { "date": "2024-04-12", "close": 19.040071, "volume": 65897, "typical_volume": 70791.0, "trend": 19.06326, "fair_value": 16.653343, "relative_strength": -9.127863, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -9.258925, "energy": 7.114444, "activity_lines": [ 19.055318, 19.058091, 19.068978, 19.063578 ] }, { "date": "2024-04-19", "close": 19.001955, "volume": 88660, "typical_volume": 70510.75, "trend": 19.059766, "fair_value": 16.716507, "relative_strength": -8.110294, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -22.216458, "energy": 13.162576, "activity_lines": [ 19.038166, 19.047349, 19.061717, 19.059623 ] }, { "date": "2024-04-26", "close": 19.021011, "volume": 66948, "typical_volume": 70967.25, "trend": 19.056907, "fair_value": 16.774784, "relative_strength": -9.941541, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -18.688929, "energy": 9.595763, "activity_lines": [ 19.031177, 19.041111, 19.056453, 19.057122 ] }, { "date": "2024-05-03", "close": 19.001955, "volume": 43473, "typical_volume": 70182.75, "trend": 19.053413, "fair_value": 16.834283, "relative_strength": -9.01316, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -21.338422, "energy": 18.927606, "activity_lines": [ 19.019107, 19.032101, 19.049783, 19.053577 ] }, { "date": "2024-05-10", "close": 19.040071, "volume": 189139, "typical_volume": 77971.65, "trend": 19.049601, "fair_value": 16.893415, "relative_strength": -12.316564, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.266689, "energy": 15.631998, "activity_lines": [ 19.021013, 19.031928, 19.047468, 19.052716 ] }, { "date": "2024-05-17", "close": 19.040071, "volume": 96040, "typical_volume": 80912.4, "trend": 19.048966, "fair_value": 16.950714, "relative_strength": -11.779818, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.068634, "energy": 9.063552, "activity_lines": [ 19.027365, 19.032101, 19.045699, 19.052101 ] }, { "date": "2024-05-24", "close": 18.963835, "volume": 115418, "typical_volume": 81931.25, "trend": 19.045789, "fair_value": 17.006426, "relative_strength": -11.854762, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -23.931906, "energy": 15.322069, "activity_lines": [ 19.008306, 19.01876, 19.036759, 19.046609 ] }, { "date": "2024-05-31", "close": 19.154427, "volume": 82427, "typical_volume": 80786.0, "trend": 19.048966, "fair_value": 17.059938, "relative_strength": -9.844153, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 9.676405, "energy": 5.652913, "activity_lines": [ 19.055319, 19.041804, 19.046425, 19.053618 ] }, { "date": "2024-06-07", "close": 18.944775, "volume": 69530, "typical_volume": 80608.9, "trend": 19.051507, "fair_value": 17.110274, "relative_strength": -10.899138, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -49.880139, "energy": 19.327197, "activity_lines": [ 19.023553, 19.024651, 19.035897, 19.046896 ] }, { "date": "2024-06-14", "close": 18.906658, "volume": 104112, "typical_volume": 81657.6, "trend": 19.049601, "fair_value": 17.163541, "relative_strength": -8.192794, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -53.454522, "energy": 31.954753, "activity_lines": [ 18.982894, 19.001953, 19.02251, 19.037551 ] }, { "date": "2024-06-21", "close": 18.868538, "volume": 111189, "typical_volume": 81903.65, "trend": 19.050236, "fair_value": 17.215587, "relative_strength": -8.972957, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -57.254523, "energy": 40.982774, "activity_lines": [ 18.938422, 18.975963, 19.006219, 19.025869 ] }, { "date": "2024-06-28", "close": 18.84948, "volume": 64989, "typical_volume": 80126.4, "trend": 19.043883, "fair_value": 17.261769, "relative_strength": -9.21917, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.440221, "energy": 57.271282, "activity_lines": [ 18.899034, 18.949627, 18.989247, 19.012917 ] }, { "date": "2024-07-05", "close": 18.392061, "volume": 50839, "typical_volume": 79569.2, "trend": 19.02006, "fair_value": 17.30343, "relative_strength": -12.23328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.57975, "energy": 80.780902, "activity_lines": [ 18.714795, 18.842896, 18.92971, 18.970864 ] }, { "date": "2024-07-12", "close": 18.334883, "volume": 95785, "typical_volume": 81678.6, "trend": 18.992741, "fair_value": 17.33935, "relative_strength": -13.473138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.913456, "energy": 90.451101, "activity_lines": [ 18.562322, 18.737204, 18.867904, 18.926659 ] }, { "date": "2024-07-19", "close": 18.392061, "volume": 63490, "typical_volume": 81340.35, "trend": 18.967329, "fair_value": 17.378812, "relative_strength": -10.188169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.372052, "energy": 90.477143, "activity_lines": [ 18.469568, 18.654037, 18.815219, 18.887906 ] }, { "date": "2024-07-26", "close": 18.334883, "volume": 53441, "typical_volume": 81016.2, "trend": 18.943188, "fair_value": 17.419862, "relative_strength": -11.416962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.645096, "energy": 91.055085, "activity_lines": [ 18.392061, 18.572256, 18.760265, 18.847103 ] }, { "date": "2024-08-02", "close": 18.296766, "volume": 58504, "typical_volume": 81461.85, "trend": 18.917775, "fair_value": 17.459813, "relative_strength": -7.554829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.492856, "energy": 89.682898, "activity_lines": [ 18.337425, 18.496366, 18.70513, 18.805398 ] }, { "date": "2024-08-09", "close": 18.201471, "volume": 88205, "typical_volume": 81549.4, "trend": 18.887598, "fair_value": 17.496465, "relative_strength": -8.081154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.5524, "energy": 88.600001, "activity_lines": [ 18.287872, 18.415279, 18.644549, 18.759185 ] }, { "date": "2024-08-16", "close": 18.277706, "volume": 37960, "typical_volume": 79073.75, "trend": 18.859963, "fair_value": 17.535561, "relative_strength": -10.373116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.03464, "energy": 72.202107, "activity_lines": [ 18.276436, 18.365378, 18.595222, 18.719837 ] }, { "date": "2024-08-23", "close": 18.392061, "volume": 56155, "typical_volume": 80110.05, "trend": 18.837727, "fair_value": 17.574657, "relative_strength": -10.964642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.660105, "energy": 57.284807, "activity_lines": [ 18.30693, 18.348398, 18.560326, 18.68965 ] }, { "date": "2024-08-30", "close": 18.334883, "volume": 83702, "typical_volume": 81000.3, "trend": 18.811997, "fair_value": 17.606666, "relative_strength": -12.162005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.826755, "energy": 52.120887, "activity_lines": [ 18.318366, 18.330379, 18.523387, 18.657208 ] }, { "date": "2024-09-06", "close": 18.411119, "volume": 34916, "typical_volume": 78313.1, "trend": 18.790397, "fair_value": 17.642219, "relative_strength": -8.544946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.939478, "energy": 39.489656, "activity_lines": [ 18.355213, 18.335923, 18.497068, 18.631345 ] }, { "date": "2024-09-13", "close": 18.487356, "volume": 15929, "typical_volume": 75762.15, "trend": 18.771338, "fair_value": 17.68388, "relative_strength": -9.781616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.707617, "energy": 28.397437, "activity_lines": [ 18.409849, 18.363299, 18.480822, 18.611794 ] }, { "date": "2024-09-20", "close": 18.468298, "volume": 38758, "typical_volume": 75526.4, "trend": 18.750055, "fair_value": 17.725663, "relative_strength": -9.590523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.184141, "energy": 22.426571, "activity_lines": [ 18.439073, 18.385477, 18.465302, 18.592243 ] }, { "date": "2024-09-27", "close": 18.487356, "volume": 31817, "typical_volume": 67660.3, "trend": 18.730996, "fair_value": 17.770379, "relative_strength": -12.548958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.146054, "energy": 20.833831, "activity_lines": [ 18.461944, 18.408694, 18.454139, 18.575295 ] }, { "date": "2024-10-04", "close": 18.487356, "volume": 70013, "typical_volume": 66358.95, "trend": 18.711937, "fair_value": 17.816561, "relative_strength": -10.479606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.160759, "energy": 18.004685, "activity_lines": [ 18.478462, 18.430179, 18.445608, 18.559576 ] }, { "date": "2024-10-11", "close": 18.601711, "volume": 33349, "typical_volume": 62255.5, "trend": 18.696689, "fair_value": 17.861277, "relative_strength": -10.622467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.334284, "energy": 11.236062, "activity_lines": [ 18.522933, 18.469683, 18.450599, 18.552465 ] }, { "date": "2024-10-18", "close": 18.620771, "volume": 32313, "typical_volume": 59749.8, "trend": 18.682713, "fair_value": 17.90868, "relative_strength": -11.280379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.542197, "energy": 11.017993, "activity_lines": [ 18.561052, 18.507109, 18.459131, 18.547567 ] }, { "date": "2024-10-25", "close": 18.620771, "volume": 22002, "typical_volume": 57373.4, "trend": 18.669371, "fair_value": 17.958038, "relative_strength": -9.843436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.604736, "energy": 12.647852, "activity_lines": [ 18.590276, 18.53691, 18.470203, 18.543571 ] }, { "date": "2024-11-01", "close": 18.65889, "volume": 22462, "typical_volume": 53290.9, "trend": 18.654442, "fair_value": 17.9986, "relative_strength": -8.20473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.403132, "energy": 13.537877, "activity_lines": [ 18.622042, 18.567405, 18.486449, 18.542894 ] }, { "date": "2024-11-08", "close": 18.754185, "volume": 42497, "typical_volume": 49856.3, "trend": 18.644912, "fair_value": 18.038795, "relative_strength": -7.101971, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.939265, "energy": 33.145777, "activity_lines": [ 18.674137, 18.610375, 18.51295, 18.54933 ] }, { "date": "2024-11-15", "close": 18.754185, "volume": 46615, "typical_volume": 48937.6, "trend": 18.636653, "fair_value": 18.08119, "relative_strength": -6.712212, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.750287, "energy": 36.007916, "activity_lines": [ 18.708443, 18.645721, 18.539996, 18.556379 ] }, { "date": "2024-11-22", "close": 18.868538, "volume": 24171, "typical_volume": 47604.2, "trend": 18.631571, "fair_value": 18.124195, "relative_strength": -6.343114, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.518264, "energy": 50.288284, "activity_lines": [ 18.770702, 18.695621, 18.578387, 18.57134 ] }, { "date": "2024-11-29", "close": 18.925716, "volume": 54487, "typical_volume": 45539.3, "trend": 18.629029, "fair_value": 18.167689, "relative_strength": -7.176669, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.69497, "energy": 57.129562, "activity_lines": [ 18.835503, 18.748986, 18.619954, 18.590317 ] }, { "date": "2024-12-06", "close": 18.906658, "volume": 101489, "typical_volume": 47439.25, "trend": 18.624582, "fair_value": 18.208495, "relative_strength": -10.366299, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.953482, "energy": 57.640904, "activity_lines": [ 18.873622, 18.79057, 18.656892, 18.608228 ] }, { "date": "2024-12-13", "close": 18.982895, "volume": 24492, "typical_volume": 45991.8, "trend": 18.622676, "fair_value": 18.248812, "relative_strength": -9.741251, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.215661, "energy": 71.936675, "activity_lines": [ 18.920634, 18.838391, 18.698641, 18.631345 ] }, { "date": "2024-12-20", "close": 19.001955, "volume": 27732, "typical_volume": 44453.2, "trend": 18.623947, "fair_value": 18.289007, "relative_strength": -6.951102, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.662143, "energy": 71.477549, "activity_lines": [ 18.958753, 18.880668, 18.739119, 18.655815 ] }, { "date": "2024-12-27", "close": 19.001955, "volume": 12433, "typical_volume": 40664.6, "trend": 18.618865, "fair_value": 18.324804, "relative_strength": -7.089539, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.711799, "energy": 65.783999, "activity_lines": [ 18.980354, 18.915668, 18.776239, 18.680203 ] }, { "date": "2025-01-03", "close": 19.059132, "volume": 32536, "typical_volume": 40393.4, "trend": 18.622677, "fair_value": 18.362678, "relative_strength": -6.106542, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.926682, "energy": 81.184659, "activity_lines": [ 19.01212, 18.954133, 18.814993, 18.708607 ] }, { "date": "2025-01-10", "close": 19.106777, "volume": 19492, "typical_volume": 38560.25, "trend": 18.629347, "fair_value": 18.403179, "relative_strength": -6.960798, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.289577, "energy": 84.733892, "activity_lines": [ 19.050872, 18.99329, 18.854563, 18.739839 ] }, { "date": "2025-01-17", "close": 19.106777, "volume": 24414, "typical_volume": 35595.85, "trend": 18.637289, "fair_value": 18.451499, "relative_strength": -9.614939, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.775826, "energy": 80.304837, "activity_lines": [ 19.076284, 19.024305, 18.89073, 18.770641 ] }, { "date": "2025-01-24", "close": 19.106777, "volume": 46757, "typical_volume": 36187.9, "trend": 18.645865, "fair_value": 18.496275, "relative_strength": -11.302502, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.877133, "energy": 77.732526, "activity_lines": [ 19.093436, 19.048908, 18.923221, 18.800931 ] }, { "date": "2025-01-31", "close": 19.106777, "volume": 44034, "typical_volume": 37593.15, "trend": 18.669689, "fair_value": 18.529079, "relative_strength": -12.259199, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.198872, "energy": 63.98359, "activity_lines": [ 19.103601, 19.0671, 18.952399, 18.830667 ] }, { "date": "2025-02-07", "close": 19.154427, "volume": 27388, "typical_volume": 37024.65, "trend": 18.697007, "fair_value": 18.560233, "relative_strength": -11.844637, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.741166, "energy": 63.185172, "activity_lines": [ 19.12266, 19.089625, 18.983166, 18.86194 ] }, { "date": "2025-02-14", "close": 19.106777, "volume": 38282, "typical_volume": 37347.9, "trend": 18.720831, "fair_value": 18.589861, "relative_strength": -14.464619, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.305175, "energy": 57.040309, "activity_lines": [ 19.119484, 19.099328, 19.006128, 18.888377 ] }, { "date": "2025-02-21", "close": 19.249723, "volume": 115410, "typical_volume": 39617.75, "trend": 18.751326, "fair_value": 18.621259, "relative_strength": -12.556213, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.965998, "energy": 62.042289, "activity_lines": [ 19.163956, 19.131382, 19.039754, 18.922499 ] }, { "date": "2025-02-28", "close": 19.154427, "volume": 106554, "typical_volume": 43278.0, "trend": 18.779914, "fair_value": 18.655835, "relative_strength": -13.628339, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.849636, "energy": 52.609948, "activity_lines": [ 19.167133, 19.141258, 19.060673, 18.948506 ] }, { "date": "2025-03-07", "close": 19.249723, "volume": 52029, "typical_volume": 44263.8, "trend": 18.814856, "fair_value": 18.6876, "relative_strength": -14.534754, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.325971, "energy": 55.328178, "activity_lines": [ 19.198898, 19.165689, 19.088037, 18.978816 ] }, { "date": "2025-03-14", "close": 19.249723, "volume": 78389, "typical_volume": 47083.15, "trend": 18.847257, "fair_value": 18.717532, "relative_strength": -14.072435, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.58472, "energy": 54.005966, "activity_lines": [ 19.221134, 19.185614, 19.112406, 19.006872 ] }, { "date": "2025-03-21", "close": 19.249723, "volume": 47471, "typical_volume": 48333.6, "trend": 18.875845, "fair_value": 18.747465, "relative_strength": -13.365007, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.893045, "energy": 50.432419, "activity_lines": [ 19.237017, 19.202075, 19.133779, 19.032837 ] }, { "date": "2025-03-28", "close": 19.249723, "volume": 27069, "typical_volume": 47562.2, "trend": 18.90634, "fair_value": 18.77587, "relative_strength": -11.404701, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.452338, "energy": 48.711783, "activity_lines": [ 19.24337, 19.215936, 19.152339, 19.056959 ] }, { "date": "2025-04-04", "close": 19.249723, "volume": 70335, "typical_volume": 48748.2, "trend": 18.934294, "fair_value": 18.804703, "relative_strength": -3.365996, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.620969, "energy": 44.434314, "activity_lines": [ 19.249723, 19.227198, 19.16854, 19.079112 ] }, { "date": "2025-04-11", "close": 19.249723, "volume": 63386, "typical_volume": 50708.95, "trend": 18.959706, "fair_value": 18.833414, "relative_strength": -1.867725, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.572933, "energy": 37.824052, "activity_lines": [ 19.249723, 19.235862, 19.18238, 19.099463 ] }, { "date": "2025-04-18", "close": 19.249723, "volume": 46394, "typical_volume": 50304.3, "trend": 18.985753, "fair_value": 18.862125, "relative_strength": -5.407788, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.118668, "energy": 35.034348, "activity_lines": [ 19.249723, 19.241926, 19.194406, 19.118173 ] }, { "date": "2025-04-25", "close": 19.345018, "volume": 34339, "typical_volume": 46946.8, "trend": 19.014342, "fair_value": 18.889553, "relative_strength": -9.045983, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.711869, "energy": 39.487538, "activity_lines": [ 19.281488, 19.263584, 19.213964, 19.141352 ] }, { "date": "2025-05-02", "close": 19.345018, "volume": 36239, "typical_volume": 47534.15, "trend": 19.042931, "fair_value": 18.917653, "relative_strength": -11.986637, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.920484, "energy": 38.424474, "activity_lines": [ 19.3069, 19.28091, 19.231435, 19.162686 ] }, { "date": "2025-05-09", "close": 19.345018, "volume": 76315, "typical_volume": 49963.3, "trend": 19.067708, "fair_value": 18.945448, "relative_strength": -13.197311, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.751911, "energy": 38.592711, "activity_lines": [ 19.325959, 19.296504, 19.247181, 19.182175 ] }, { "date": "2025-05-16", "close": 19.630905, "volume": 57802, "typical_volume": 52231.75, "trend": 19.101379, "fair_value": 18.975869, "relative_strength": -12.567788, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.076773, "energy": 65.376151, "activity_lines": [ 19.433961, 19.360612, 19.288521, 19.218511 ] }, { "date": "2025-05-23", "close": 19.630905, "volume": 171304, "typical_volume": 59170.15, "trend": 19.13505, "fair_value": 19.005557, "relative_strength": -11.727644, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.316528, "energy": 72.964326, "activity_lines": [ 19.51655, 19.417789, 19.326867, 19.252673 ] }, { "date": "2025-05-30", "close": 19.630905, "volume": 715228, "typical_volume": 93956.95, "trend": 19.16745, "fair_value": 19.032863, "relative_strength": -12.693007, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.632421, "energy": 76.149433, "activity_lines": [ 19.573728, 19.468036, 19.362489, 19.284664 ] }, { "date": "2025-06-06", "close": 19.630905, "volume": 85160, "typical_volume": 96994.25, "trend": 19.196674, "fair_value": 19.061269, "relative_strength": -13.416925, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.491965, "energy": 75.775138, "activity_lines": [ 19.611846, 19.511352, 19.395616, 19.314564 ] }, { "date": "2025-06-13", "close": 19.630905, "volume": 74834, "typical_volume": 98398.1, "trend": 19.225898, "fair_value": 19.089369, "relative_strength": -10.11553, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.894012, "energy": 66.116425, "activity_lines": [ 19.630905, 19.547738, 19.426246, 19.342579 ] }, { "date": "2025-06-20", "close": 19.821495, "volume": 47930, "typical_volume": 98592.9, "trend": 19.257664, "fair_value": 19.11869, "relative_strength": -8.238003, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.813615, "energy": 66.164513, "activity_lines": [ 19.694435, 19.611846, 19.472533, 19.381005 ] }, { "date": "2025-06-27", "close": 19.821495, "volume": 59492, "typical_volume": 100198.1, "trend": 19.287523, "fair_value": 19.14679, "relative_strength": -10.455629, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.121677, "energy": 58.108214, "activity_lines": [ 19.745259, 19.665558, 19.515416, 19.417381 ] }, { "date": "2025-07-04", "close": 19.938782, "volume": 55860, "typical_volume": 101077.0, "trend": 19.321927, "fair_value": 19.166479, "relative_strength": -8.695302, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.623983, "energy": 66.308058, "activity_lines": [ 19.822473, 19.730198, 19.566292, 19.459398 ] }, { "date": "2025-07-11", "close": 20.036522, "volume": 50686, "typical_volume": 97840.8, "trend": 19.357048, "fair_value": 19.187528, "relative_strength": -9.730325, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.144984, "energy": 80.251466, "activity_lines": [ 19.911741, 19.801815, 19.622515, 19.505501 ] }, { "date": "2025-07-18", "close": 20.036522, "volume": 24236, "typical_volume": 93724.9, "trend": 19.391533, "fair_value": 19.208148, "relative_strength": -9.501388, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.640692, "energy": 76.763982, "activity_lines": [ 19.973969, 19.860858, 19.674992, 19.549338 ] }, { "date": "2025-07-25", "close": 20.134262, "volume": 40883, "typical_volume": 93167.6, "trend": 19.429277, "fair_value": 19.22457, "relative_strength": -8.472606, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.311708, "energy": 81.545418, "activity_lines": [ 20.041735, 19.925099, 19.732577, 19.597256 ] }, { "date": "2025-08-01", "close": 20.134262, "volume": 17647, "typical_volume": 90130.5, "trend": 19.465115, "fair_value": 19.241602, "relative_strength": -5.025137, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.37986, "energy": 77.022119, "activity_lines": [ 20.08865, 19.980189, 19.785949, 19.642739 ] }, { "date": "2025-08-08", "close": 20.232, "volume": 25308, "typical_volume": 89022.35, "trend": 19.502622, "fair_value": 19.257917, "relative_strength": -7.100113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.78161, "energy": 67.962131, "activity_lines": [ 20.147293, 20.043897, 19.844418, 19.692215 ] }, { "date": "2025-08-15", "close": 20.329739, "volume": 21453, "typical_volume": 88741.55, "trend": 19.543388, "fair_value": 19.275653, "relative_strength": -7.080994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.53163, "energy": 79.116648, "activity_lines": [ 20.218968, 20.114447, 19.907518, 19.745577 ] }, { "date": "2025-08-22", "close": 20.329739, "volume": 16961, "typical_volume": 86072.85, "trend": 19.584153, "fair_value": 19.293571, "relative_strength": -6.790872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.000841, "energy": 80.747616, "activity_lines": [ 20.271096, 20.17229, 19.965475, 19.79631 ] }, { "date": "2025-08-29", "close": 20.525217, "volume": 44092, "typical_volume": 85108.15, "trend": 19.631434, "fair_value": 19.311522, "relative_strength": -3.85079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.769652, "energy": 90.250913, "activity_lines": [ 20.368835, 20.25297, 20.036906, 19.857024 ] }, { "date": "2025-09-05", "close": 20.622957, "volume": 52465, "typical_volume": 85411.7, "trend": 19.680385, "fair_value": 19.326861, "relative_strength": -1.864373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.504566, "energy": 92.297338, "activity_lines": [ 20.47309, 20.338625, 20.111572, 19.920993 ] }, { "date": "2025-09-12", "close": 20.720695, "volume": 17559, "typical_volume": 84572.7, "trend": 19.734183, "fair_value": 19.343682, "relative_strength": -1.577291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.995878, "energy": 90.039081, "activity_lines": [ 20.577345, 20.427478, 20.189007, 19.98811 ] }, { "date": "2025-09-19", "close": 21.013912, "volume": 32124, "typical_volume": 84366.95, "trend": 19.792989, "fair_value": 19.362321, "relative_strength": 0.275406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.106756, "energy": 92.371918, "activity_lines": [ 20.746759, 20.555427, 20.287816, 20.070673 ] }, { "date": "2025-09-26", "close": 21.013912, "volume": 25318, "typical_volume": 81817.1, "trend": 19.854972, "fair_value": 19.381571, "relative_strength": -0.008068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.167475, "energy": 88.533296, "activity_lines": [ 20.870562, 20.665606, 20.378678, 20.149442 ] }, { "date": "2025-10-03", "close": 21.111652, "volume": 33714, "typical_volume": 80612.7, "trend": 19.917036, "fair_value": 19.39876, "relative_strength": -1.962609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.852055, "energy": 84.721104, "activity_lines": [ 20.981333, 20.775785, 20.470902, 20.230518 ] }, { "date": "2025-10-10", "close": 21.307129, "volume": 27441, "typical_volume": 73419.55, "trend": 19.985616, "fair_value": 19.418424, "relative_strength": -0.318086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.472714, "energy": 91.04265, "activity_lines": [ 21.118167, 20.903734, 20.574692, 20.320202 ] }, { "date": "2025-10-17", "close": 21.013912, "volume": 20938, "typical_volume": 38705.05, "trend": 20.044422, "fair_value": 19.430344, "relative_strength": 0.146476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.757904, "energy": 67.121269, "activity_lines": [ 21.111651, 20.957046, 20.642574, 20.386543 ] }, { "date": "2025-10-24", "close": 21.111652, "volume": 27001, "typical_volume": 35797.1, "trend": 20.106487, "fair_value": 19.44008, "relative_strength": -0.899339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.913583, "energy": 65.550884, "activity_lines": [ 21.118167, 21.013912, 20.713179, 20.455397 ] }, { "date": "2025-10-31", "close": 21.111652, "volume": 16505, "typical_volume": 32880.65, "trend": 20.168551, "fair_value": 19.450794, "relative_strength": 0.458558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.691521, "energy": 63.157752, "activity_lines": [ 21.118168, 21.056562, 20.776732, 20.520246 ] }, { "date": "2025-11-07", "close": 21.111652, "volume": 13508, "typical_volume": 31159.55, "trend": 20.230615, "fair_value": 19.459308, "relative_strength": 2.293787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.187694, "energy": 55.069377, "activity_lines": [ 21.111652, 21.084996, 20.833235, 20.581091 ] }, { "date": "2025-11-14", "close": 21.111652, "volume": 43891, "typical_volume": 30379.5, "trend": 20.29268, "fair_value": 19.466601, "relative_strength": 1.184788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.941897, "energy": 48.886046, "activity_lines": [ 21.105136, 21.102766, 20.883594, 20.637932 ] }, { "date": "2025-11-21", "close": 21.209393, "volume": 22801, "typical_volume": 28726.55, "trend": 20.354826, "fair_value": 19.474276, "relative_strength": 5.241894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.454425, "energy": 47.975052, "activity_lines": [ 21.144232, 21.129423, 20.937118, 20.697075 ] }, { "date": "2025-11-28", "close": 21.307129, "volume": 16398, "typical_volume": 27012.15, "trend": 20.420229, "fair_value": 19.4827, "relative_strength": 2.581989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.424956, "energy": 49.459858, "activity_lines": [ 21.202875, 21.164964, 20.993899, 20.758514 ] }, { "date": "2025-12-05", "close": 21.404869, "volume": 13908, "typical_volume": 26495.75, "trend": 20.488891, "fair_value": 19.488696, "relative_strength": 2.314685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.96957, "energy": 52.830073, "activity_lines": [ 21.281066, 21.212945, 21.053939, 20.822039 ] }, { "date": "2025-12-12", "close": 21.404869, "volume": 19962, "typical_volume": 25449.7, "trend": 20.548023, "fair_value": 19.492615, "relative_strength": 1.746566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.986212, "energy": 53.974451, "activity_lines": [ 21.33971, 21.253818, 21.107463, 20.881135 ] }, { "date": "2025-12-19", "close": 21.307129, "volume": 68329, "typical_volume": 27983.8, "trend": 20.603897, "fair_value": 19.495296, "relative_strength": 1.032016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.16211, "energy": 50.580887, "activity_lines": [ 21.346225, 21.271588, 21.145628, 20.930109 ] }, { "date": "2025-12-26", "close": 21.404869, "volume": 14157, "typical_volume": 27426.25, "trend": 20.663029, "fair_value": 19.497749, "relative_strength": 1.440542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.737715, "energy": 51.030867, "activity_lines": [ 21.372289, 21.30713, 21.187516, 20.981785 ] }, { "date": "2026-01-02", "close": 21.307129, "volume": 67749, "typical_volume": 29741.05, "trend": 20.718903, "fair_value": 19.500553, "relative_strength": 0.355826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.116702, "energy": 43.507197, "activity_lines": [ 21.352741, 21.317792, 21.21451, 21.02334 ] }, { "date": "2026-01-09", "close": 21.307129, "volume": 22630, "typical_volume": 30024.5, "trend": 20.774778, "fair_value": 19.499325, "relative_strength": -2.292697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.254386, "energy": 37.335845, "activity_lines": [ 21.333193, 21.3249, 21.236851, 21.06129 ] }, { "date": "2026-01-16", "close": 21.502609, "volume": 19987, "typical_volume": 28819.25, "trend": 20.830815, "fair_value": 19.499228, "relative_strength": -1.393931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.490261, "energy": 43.353562, "activity_lines": [ 21.385321, 21.363996, 21.273154, 21.108247 ] }, { "date": "2026-01-23", "close": 21.600348, "volume": 31586, "typical_volume": 27775.3, "trend": 20.89011, "fair_value": 19.499757, "relative_strength": 0.688712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.610264, "energy": 44.497161, "activity_lines": [ 21.463513, 21.413754, 21.314111, 21.157894 ] }, { "date": "2026-01-30", "close": 21.698088, "volume": 42459, "typical_volume": 29020.3, "trend": 20.948753, "fair_value": 19.50128, "relative_strength": 2.624466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.245664, "energy": 49.829237, "activity_lines": [ 21.554736, 21.472398, 21.359723, 21.210022 ] }, { "date": "2026-02-06", "close": 21.795826, "volume": 41984, "typical_volume": 29513.3, "trend": 21.007397, "fair_value": 19.503184, "relative_strength": 2.319411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.592127, "energy": 69.125718, "activity_lines": [ 21.658992, 21.539927, 21.409989, 21.264671 ] }, { "date": "2026-02-13", "close": 21.893564, "volume": 30157, "typical_volume": 29755.25, "trend": 21.069298, "fair_value": 19.50596, "relative_strength": 1.911997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.144983, "energy": 76.273959, "activity_lines": [ 21.763246, 21.616341, 21.46584, 21.321843 ] }, { "date": "2026-02-20", "close": 21.893564, "volume": 21601, "typical_volume": 29149.6, "trend": 21.127942, "fair_value": 19.50617, "relative_strength": 0.510123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.994086, "energy": 77.171977, "activity_lines": [ 21.828405, 21.68387, 21.517502, 21.375022 ] }, { "date": "2026-02-27", "close": 21.991304, "volume": 43938, "typical_volume": 29974.45, "trend": 21.189843, "fair_value": 19.506762, "relative_strength": 0.818859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.844104, "energy": 79.426829, "activity_lines": [ 21.900081, 21.760284, 21.574749, 21.430723 ] }, { "date": "2026-03-06", "close": 21.991304, "volume": 120059, "typical_volume": 34930.5, "trend": 21.248487, "fair_value": 19.509064, "relative_strength": 7.825355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.671325, "energy": 73.299355, "activity_lines": [ 21.945692, 21.824259, 21.628738, 21.48243 ] }, { "date": "2026-03-13", "close": 21.991304, "volume": 70403, "typical_volume": 37100.6, "trend": 21.303872, "fair_value": 19.516376, "relative_strength": 8.244429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.938606, "energy": 63.368274, "activity_lines": [ 21.971756, 21.877571, 21.678073, 21.530354 ] }, { "date": "2026-03-20", "close": 21.893564, "volume": 795211, "typical_volume": 76035.9, "trend": 21.355999, "fair_value": 19.523183, "relative_strength": 12.558426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.328315, "energy": 52.244798, "activity_lines": [ 21.952208, 21.900673, 21.713911, 21.568398 ] }, { "date": "2026-03-27", "close": 22.284521, "volume": 63108, "typical_volume": 78515.9, "trend": 21.414643, "fair_value": 19.53384, "relative_strength": 14.61572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.188343, "energy": 58.754291, "activity_lines": [ 22.062979, 21.984195, 21.783259, 21.628303 ] }, { "date": "2026-04-03", "close": 22.186783, "volume": 66538, "typical_volume": 79648.25, "trend": 21.46677, "fair_value": 19.547781, "relative_strength": 9.78031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.824348, "energy": 55.740013, "activity_lines": [ 22.115107, 22.035731, 21.837714, 21.678118 ] }, { "date": "2026-04-10", "close": 22.284521, "volume": 51834, "typical_volume": 81099.9, "trend": 21.518898, "fair_value": 19.568151, "relative_strength": 7.33892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.500437, "energy": 58.151818, "activity_lines": [ 22.186782, 22.094374, 21.896357, 21.730876 ] }, { "date": "2026-04-17", "close": 22.382261, "volume": 42460, "typical_volume": 82403.0, "trend": 21.56451, "fair_value": 19.588231, "relative_strength": 3.893066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.712855, "energy": 72.96944, "activity_lines": [ 22.27149, 22.160126, 21.95919, 21.786577 ] }, { "date": "2026-04-24", "close": 22.382261, "volume": 36299, "typical_volume": 83522.55, "trend": 21.610121, "fair_value": 19.609533, "relative_strength": 6.225811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.436681, "energy": 75.620969, "activity_lines": [ 22.330133, 22.215216, 22.016902, 21.839335 ] }, { "date": "2026-05-01", "close": 22.48, "volume": 27370, "typical_volume": 83892.95, "trend": 21.655733, "fair_value": 19.630546, "relative_strength": 5.768319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.471474, "energy": 76.880726, "activity_lines": [ 22.388777, 22.27919, 22.079269, 21.895457 ] }, { "date": "2026-05-08", "close": 22.48, "volume": 36649, "typical_volume": 82308.95, "trend": 21.694829, "fair_value": 19.652963, "relative_strength": 5.334837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.478175, "energy": 74.55291, "activity_lines": [ 22.434388, 22.332503, 22.136516, 21.948635 ] }, { "date": "2026-05-15", "close": 22.48, "volume": 32415, "typical_volume": 83221.85, "trend": 21.743698, "fair_value": 19.675503, "relative_strength": 6.777747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.187437, "energy": 73.62713, "activity_lines": [ 22.460452, 22.37693, 22.188179, 21.999291 ] }, { "date": "2026-05-22", "close": 22.48, "volume": 21495, "typical_volume": 80909.15, "trend": 21.78931, "fair_value": 19.699875, "relative_strength": 2.590942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.11569, "energy": 59.449952, "activity_lines": [ 22.473484, 22.412471, 22.234721, 22.046795 ] }, { "date": "2026-05-29", "close": 22.48, "volume": 44514, "typical_volume": 82003.35, "trend": 21.834921, "fair_value": 19.724858, "relative_strength": 1.536004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.897423, "energy": 54.965045, "activity_lines": [ 22.48, 22.439127, 22.275678, 22.091355 ] }, { "date": "2026-06-05", "close": 22.382261, "volume": 4477, "typical_volume": 81227.85, "trend": 21.877275, "fair_value": 19.749092, "relative_strength": 2.291081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.336136, "energy": 48.149365, "activity_lines": [ 22.44742, 22.43735, 22.301742, 22.126668 ] }, { "date": "2026-06-12", "close": 22.48, "volume": 5933, "typical_volume": 79945.2, "trend": 21.922887, "fair_value": 19.773342, "relative_strength": 3.079494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.678622, "energy": 45.254945, "activity_lines": [ 22.453936, 22.451567, 22.332926, 22.165553 ] }, { "date": "2026-06-19", "close": 22.700001, "volume": 4840, "typical_volume": 78064.25, "trend": 21.972574, "fair_value": 19.79888, "relative_strength": 2.495245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.371492, "energy": 53.491319, "activity_lines": [ 22.533786, 22.500452, 22.380873, 22.215689 ] }, { "date": "2026-06-26", "close": 22.700001, "volume": 1902, "typical_volume": 76060.15, "trend": 22.019003, "fair_value": 19.823563, "relative_strength": 3.587951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.729001, "energy": 57.637292, "activity_lines": [ 22.598969, 22.541784, 22.424049, 22.26262 ] }, { "date": "2026-07-03", "close": 23.1, "volume": 3238, "typical_volume": 74714.2, "trend": 22.075507, "fair_value": 19.84916, "relative_strength": 0.756013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.058764, "energy": 89.466346, "activity_lines": [ 22.782818, 22.650065, 22.501015, 22.332362 ] }, { "date": "2026-07-10", "close": 23.1, "volume": 29746, "typical_volume": 75121.45, "trend": 22.132011, "fair_value": 19.874758, "relative_strength": 3.405304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.263352, "energy": 92.41984, "activity_lines": [ 22.925334, 22.745297, 22.572235, 22.398458 ] }, { "date": "2026-07-17", "close": 23.1, "volume": 22193, "typical_volume": 74034.2, "trend": 22.191774, "fair_value": 19.90005, "relative_strength": 4.151698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.476653, "energy": 90.376986, "activity_lines": [ 23.02, 22.829256, 22.637711, 22.460909 ] }, { "date": "2026-07-24", "close": 23.1, "volume": 20170, "typical_volume": 69039.75, "trend": 22.248278, "fair_value": 19.925953, "relative_strength": 2.842534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.977848, "energy": 87.737825, "activity_lines": [ 23.073333, 22.901942, 22.697907, 22.519504 ] }, { "date": "2026-07-31", "close": 23.2, "volume": 27199, "typical_volume": 66879.55, "trend": 22.311374, "fair_value": 19.951886, "relative_strength": 1.051527, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.241578, "energy": 85.061185, "activity_lines": [ 23.133333, 22.981537, 22.762348, 22.580906 ] }, { "date": "2026-08-07", "close": 23.299999, "volume": 56013, "typical_volume": 29919.65, "trend": 22.377803, "fair_value": 19.979316, "relative_strength": -1.27598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.586194, "energy": 69.575367, "activity_lines": [ 23.193333, 23.066223, 22.830557, 22.644688 ] } ], "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." } } }