{ "ticker": { "uuid": "81bfa89f-4262-40bc-9eaf-c71636abda15", "symbol": "WOR", "name": "Worthington Industries Inc", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 73.129, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 50.731, "architecture_energy": 25.109, "architecture_maturity": 12.76, "architecture_confidence": 43.657, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 43.08, "rotation_up": 38.04, "upward_expansion": 68.08, "deceleration": 68.53, "rotation_down": 25.7, "downward_expansion": 6.41 }, "activity_lines": [ 56.716667, 56.539289, 56.197651, 55.441336 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 58.42, "trend_reference": 54.834887, "distance_from_trend": 0.06538, "trend_direction": "Improving", "fair_value": 50.83986, "distance_from_fair_value": 0.149098, "fair_value_direction": "Improving", "relative_strength": -6.76151, "relative_strength_direction": "Improving", "price_momentum": -0.004388, "excess_performance": -0.130013, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06538, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018874, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.149098, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050554, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067615, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.08561, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.004388, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.226013, "read": "Demand-led" } ], "volume": { "latest": 980448, "relative_activity": 0.843909, "balance": 1.226013, "dry_up": 0.912089, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.068341, "annualized_volatility": 0.267468, "from_high_reference": -0.126695, "from_low_reference": 0.302054 }, "levels": { "trend_reference": 54.834887, "fair_value_reference": 50.83986, "structural_low": 44.867563, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": -0.000906, "positive_rate": 0.470588, "directional_follow_through": 0.470588, "median_excess_return": 0.010802, "regime_survival": 0.411765, "best_return": 0.412396, "worst_return": -0.193723, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.0124, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.036132, "regime_survival": 0.222222, "best_return": 0.552596, "worst_return": -0.141914, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.177464, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.135259, "regime_survival": 0.333333, "best_return": 0.491723, "worst_return": -0.117559, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.13758, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.02226, "regime_survival": 0.25, "best_return": 0.417859, "worst_return": -0.125584, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-06-07", "tenure": "Developing", "return": -0.070445, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-14", "end": "2024-06-28", "tenure": "New", "return": -0.076488, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2025-01-10", "tenure": "Extended", "return": -0.100019, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-03-21", "tenure": "Developing", "return": -0.049137, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-09-19", "tenure": "Established", "return": 0.216645, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-11-07", "tenure": "Developing", "return": 0.007721, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-11-14", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-02-06", "tenure": "Developing", "return": 0.092583, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": -0.030365, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.151402, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.157641, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-12", "tenure": "Developing", "return": 0.081355, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": -0.072848, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.039317, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.978969, "volume": 889034, "typical_volume": 781341.15, "trend": 37.18244, "fair_value": 32.20284, "relative_strength": 17.480743, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.521319, "energy": 57.084299, "activity_lines": [ 42.785139, 42.1679, 39.810907, 38.596486 ] }, { "date": "2023-08-25", "close": 43.677474, "volume": 642610, "typical_volume": 778721.85, "trend": 37.54154, "fair_value": 32.328769, "relative_strength": 17.922182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.132998, "energy": 54.343724, "activity_lines": [ 43.055784, 42.635958, 40.333831, 39.01552 ] }, { "date": "2023-09-01", "close": 45.880452, "volume": 746556, "typical_volume": 775810.5, "trend": 37.856317, "fair_value": 32.472122, "relative_strength": 20.048438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.112314, "energy": 62.092388, "activity_lines": [ 43.979961, 43.371695, 41.030841, 39.553515 ] }, { "date": "2023-09-08", "close": 42.758074, "volume": 558206, "typical_volume": 778665.1, "trend": 38.128255, "fair_value": 32.607664, "relative_strength": 12.789364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.011074, "energy": 52.67415, "activity_lines": [ 43.753096, 43.364422, 41.385172, 39.869757 ] }, { "date": "2023-09-15", "close": 41.027043, "volume": 1789902, "typical_volume": 837756.6, "trend": 38.294248, "fair_value": 32.72697, "relative_strength": 8.039143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.126599, "energy": 39.328594, "activity_lines": [ 42.942852, 43.019079, 41.544289, 40.056776 ] }, { "date": "2023-09-22", "close": 41.176974, "volume": 1171301, "typical_volume": 856710.25, "trend": 38.500684, "fair_value": 32.848322, "relative_strength": 11.25732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.715614, "energy": 29.013355, "activity_lines": [ 42.247043, 42.692415, 41.690312, 40.242758 ] }, { "date": "2023-09-29", "close": 37.074869, "volume": 2486273, "typical_volume": 950116.6, "trend": 38.503037, "fair_value": 32.928058, "relative_strength": 0.346013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.382846, "energy": 17.650846, "activity_lines": [ 40.303998, 41.636069, 41.414318, 40.15077 ] }, { "date": "2023-10-06", "close": 36.427168, "volume": 1372026, "typical_volume": 994023.3, "trend": 38.612584, "fair_value": 32.988758, "relative_strength": -2.213641, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.791515, "energy": 39.679176, "activity_lines": [ 38.585227, 40.559972, 41.05844, 40.016843 ] }, { "date": "2023-10-13", "close": 36.912944, "volume": 1512284, "typical_volume": 1042916.4, "trend": 38.811009, "fair_value": 33.045779, "relative_strength": -1.681167, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.035787, "energy": 45.385722, "activity_lines": [ 37.658599, 39.714008, 40.738435, 39.907189 ] }, { "date": "2023-10-20", "close": 36.16329, "volume": 1361694, "typical_volume": 1085265.15, "trend": 38.77456, "fair_value": 33.094129, "relative_strength": -1.606235, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.02401, "energy": 60.440591, "activity_lines": [ 36.871763, 38.836281, 40.335801, 39.736368 ] }, { "date": "2023-10-27", "close": 36.487141, "volume": 902573, "typical_volume": 1093452.5, "trend": 38.71069, "fair_value": 33.150227, "relative_strength": 1.434934, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.890479, "energy": 62.026221, "activity_lines": [ 36.517127, 38.123447, 39.961326, 39.588793 ] }, { "date": "2023-11-03", "close": 38.100395, "volume": 791885, "typical_volume": 1095426.65, "trend": 38.774848, "fair_value": 33.214101, "relative_strength": -0.093726, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.988497, "energy": 40.985749, "activity_lines": [ 37.012898, 37.821966, 39.739378, 39.549419 ] }, { "date": "2023-11-10", "close": 38.040423, "volume": 641545, "typical_volume": 1087097.85, "trend": 38.830671, "fair_value": 33.268089, "relative_strength": -1.666645, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.972717, "energy": 26.970802, "activity_lines": [ 37.420309, 37.610982, 39.503478, 39.502036 ] }, { "date": "2023-11-17", "close": 39.664225, "volume": 921951, "typical_volume": 1032202.4, "trend": 38.940026, "fair_value": 33.336496, "relative_strength": 0.126027, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.694348, "energy": 12.59527, "activity_lines": [ 38.261438, 37.837781, 39.413647, 39.555814 ] }, { "date": "2023-11-24", "close": 39.977586, "volume": 521047, "typical_volume": 1013968.2, "trend": 39.096656, "fair_value": 33.398855, "relative_strength": -0.164916, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.286185, "energy": 11.688034, "activity_lines": [ 39.023602, 38.177806, 39.36228, 39.622754 ] }, { "date": "2023-12-01", "close": 44.027169, "volume": 9104369, "typical_volume": 1421341.15, "trend": 39.411043, "fair_value": 33.488509, "relative_strength": 8.742136, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.443102, "energy": 31.208345, "activity_lines": [ 40.88134, 39.2732, 39.699338, 39.940851 ] }, { "date": "2023-12-08", "close": 49.448425, "volume": 3120070, "typical_volume": 1540033.4, "trend": 39.950887, "fair_value": 33.619816, "relative_strength": 21.089065, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 79.398576, "energy": 70.29093, "activity_lines": [ 44.043495, 41.302455, 40.543364, 40.588424 ] }, { "date": "2023-12-15", "close": 55.401177, "volume": 7907764, "typical_volume": 1895659.9, "trend": 40.65609, "fair_value": 33.796655, "relative_strength": 31.417765, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 95.439088, "energy": 95.442504, "activity_lines": [ 48.433366, 44.189055, 41.921068, 41.585217 ] }, { "date": "2023-12-22", "close": 56.464168, "volume": 2606590, "typical_volume": 1989220.9, "trend": 41.386429, "fair_value": 33.974098, "relative_strength": 31.547507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.950966, "energy": 97.204614, "activity_lines": [ 52.020183, 46.923944, 43.346797, 42.605093 ] }, { "date": "2023-12-29", "close": 55.613775, "volume": 1060828, "typical_volume": 2005425.4, "trend": 42.053573, "fair_value": 34.144203, "relative_strength": 28.052871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.456075, "energy": 93.057859, "activity_lines": [ 54.20354, 49.14874, 44.625814, 43.522986 ] }, { "date": "2024-01-05", "close": 53.439474, "volume": 1482093, "typical_volume": 2035078.35, "trend": 42.62646, "fair_value": 34.284033, "relative_strength": 24.109503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.502914, "energy": 88.749067, "activity_lines": [ 54.619717, 50.624563, 45.632899, 44.257561 ] }, { "date": "2024-01-12", "close": 52.405474, "volume": 1295818, "typical_volume": 2067738.75, "trend": 43.160974, "fair_value": 34.415854, "relative_strength": 18.796876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.775697, "energy": 86.02822, "activity_lines": [ 54.06374, 51.604161, 46.491695, 44.888465 ] }, { "date": "2024-01-19", "close": 53.342839, "volume": 964626, "typical_volume": 2078642.25, "trend": 43.731112, "fair_value": 34.556734, "relative_strength": 18.751448, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.181001, "energy": 64.007123, "activity_lines": [ 53.623082, 52.494098, 47.398202, 45.545359 ] }, { "date": "2024-01-26", "close": 54.599101, "volume": 1599589, "typical_volume": 2130711.4, "trend": 44.168599, "fair_value": 34.716704, "relative_strength": 19.573563, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.851472, "energy": 59.715824, "activity_lines": [ 53.7384, 53.334219, 48.388818, 46.24652 ] }, { "date": "2024-02-02", "close": 56.783065, "volume": 1128475, "typical_volume": 2097640.05, "trend": 44.709532, "fair_value": 34.872739, "relative_strength": 21.981039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.065818, "energy": 62.419004, "activity_lines": [ 54.706045, 54.299882, 49.531045, 47.060356 ] }, { "date": "2024-02-09", "close": 60.493872, "volume": 1771729, "typical_volume": 2127661.45, "trend": 45.323809, "fair_value": 35.043774, "relative_strength": 27.277014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.935873, "energy": 67.704554, "activity_lines": [ 56.832672, 55.634683, 50.951654, 48.078701 ] }, { "date": "2024-02-16", "close": 59.885068, "volume": 1586029, "typical_volume": 2082649.25, "trend": 45.90446, "fair_value": 35.198527, "relative_strength": 25.657401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.002012, "energy": 66.471044, "activity_lines": [ 58.286071, 56.559398, 52.222296, 49.018137 ] }, { "date": "2024-02-23", "close": 62.069032, "volume": 1111790, "typical_volume": 2069637.45, "trend": 46.499204, "fair_value": 35.364448, "relative_strength": 27.264715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.686413, "energy": 74.954418, "activity_lines": [ 59.968819, 57.69144, 53.592314, 50.061012 ] }, { "date": "2024-03-01", "close": 60.899741, "volume": 1480619, "typical_volume": 2068054.2, "trend": 47.10711, "fair_value": 35.511583, "relative_strength": 23.014445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.123739, "energy": 69.652237, "activity_lines": [ 60.680056, 58.48965, 54.728867, 50.990079 ] }, { "date": "2024-03-08", "close": 61.14133, "volume": 1115062, "typical_volume": 2055722.6, "trend": 47.745358, "fair_value": 35.638228, "relative_strength": 22.984035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.168199, "energy": 68.673225, "activity_lines": [ 61.051781, 59.251138, 55.774206, 51.895513 ] }, { "date": "2024-03-15", "close": 61.426246, "volume": 2634388, "typical_volume": 2142313.35, "trend": 48.360267, "fair_value": 35.775115, "relative_strength": 22.66169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.670223, "energy": 65.499758, "activity_lines": [ 61.227927, 59.963928, 56.727737, 52.778151 ] }, { "date": "2024-03-22", "close": 62.249784, "volume": 2253478, "typical_volume": 2215393.0, "trend": 48.979344, "fair_value": 35.922746, "relative_strength": 21.025358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.390399, "energy": 59.066125, "activity_lines": [ 61.616427, 60.681239, 57.640942, 53.674249 ] }, { "date": "2024-03-29", "close": 60.292671, "volume": 1114856, "typical_volume": 2239058.55, "trend": 49.459751, "fair_value": 36.059216, "relative_strength": 16.347933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.142889, "energy": 50.259774, "activity_lines": [ 61.194909, 60.863723, 58.252758, 54.404141 ] }, { "date": "2024-04-05", "close": 59.672595, "volume": 1498348, "typical_volume": 2267878.4, "trend": 50.023569, "fair_value": 36.198742, "relative_strength": 15.611811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.20997, "energy": 40.179058, "activity_lines": [ 60.685122, 60.807106, 58.699557, 55.063034 ] }, { "date": "2024-04-12", "close": 56.562528, "volume": 874529, "typical_volume": 2285552.5, "trend": 50.541418, "fair_value": 36.318477, "relative_strength": 10.757253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.870756, "energy": 28.235039, "activity_lines": [ 59.220456, 60.092776, 58.75488, 55.484902 ] }, { "date": "2024-04-19", "close": 55.564594, "volume": 995864, "typical_volume": 1880127.25, "trend": 51.021006, "fair_value": 36.431961, "relative_strength": 11.76353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.007398, "energy": 20.812716, "activity_lines": [ 57.7284, 59.201014, 58.636187, 55.808978 ] }, { "date": "2024-04-26", "close": 56.591594, "volume": 1116336, "typical_volume": 1779940.55, "trend": 51.671563, "fair_value": 36.556983, "relative_strength": 10.360834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.133248, "energy": 21.078314, "activity_lines": [ 56.969453, 58.585602, 58.560363, 56.168371 ] }, { "date": "2024-05-03", "close": 57.599217, "volume": 1095031, "typical_volume": 1439303.9, "trend": 52.377298, "fair_value": 36.66697, "relative_strength": 11.075986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.724587, "energy": 16.871264, "activity_lines": [ 56.923593, 58.213276, 58.546487, 56.5508 ] }, { "date": "2024-05-10", "close": 57.163226, "volume": 1073894, "typical_volume": 1362669.1, "trend": 53.052307, "fair_value": 36.78531, "relative_strength": 7.646871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.323705, "energy": 14.172977, "activity_lines": [ 56.911966, 57.842948, 58.480622, 56.85957 ] }, { "date": "2024-05-17", "close": 56.552839, "volume": 780297, "typical_volume": 1348642.55, "trend": 53.731959, "fair_value": 36.909318, "relative_strength": 4.296988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.167704, "energy": 9.839097, "activity_lines": [ 56.864169, 57.429577, 58.353297, 57.08541 ] }, { "date": "2024-05-24", "close": 55.215801, "volume": 922752, "typical_volume": 1320675.5, "trend": 54.356248, "fair_value": 37.021477, "relative_strength": 1.436432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.490211, "energy": 7.637852, "activity_lines": [ 56.371338, 56.856535, 58.094162, 57.181142 ] }, { "date": "2024-05-31", "close": 55.254556, "volume": 604692, "typical_volume": 1286119.2, "trend": 54.928053, "fair_value": 37.131225, "relative_strength": 1.519261, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.083099, "energy": 14.508061, "activity_lines": [ 55.914678, 56.403457, 57.83026, 57.239098 ] }, { "date": "2024-06-07", "close": 51.650366, "volume": 993884, "typical_volume": 1287582.1, "trend": 55.381718, "fair_value": 37.226066, "relative_strength": -6.477256, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.638307, "energy": 45.626087, "activity_lines": [ 54.345757, 55.422258, 57.209534, 57.027634 ] }, { "date": "2024-06-14", "close": 49.809516, "volume": 1110141, "typical_volume": 1263109.7, "trend": 55.719894, "fair_value": 37.3374, "relative_strength": -11.401364, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.795791, "energy": 63.869554, "activity_lines": [ 52.55981, 54.263492, 56.421549, 56.668137 ] }, { "date": "2024-06-21", "close": 49.070878, "volume": 2667872, "typical_volume": 1340079.55, "trend": 56.023004, "fair_value": 37.431703, "relative_strength": -13.357549, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.701156, "energy": 74.046079, "activity_lines": [ 51.017898, 53.149756, 55.586024, 56.239168 ] }, { "date": "2024-06-28", "close": 45.999696, "volume": 3907645, "typical_volume": 1446875.35, "trend": 56.088755, "fair_value": 37.503942, "relative_strength": -18.581059, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -87.394195, "energy": 91.782416, "activity_lines": [ 48.951055, 51.613836, 54.494731, 55.592503 ] }, { "date": "2024-07-05", "close": 43.132611, "volume": 1317880, "typical_volume": 1433467.9, "trend": 55.878228, "fair_value": 37.555203, "relative_strength": -24.867231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.330005, "energy": 95.501598, "activity_lines": [ 46.542925, 49.730534, 53.199403, 54.756623 ] }, { "date": "2024-07-12", "close": 46.50508, "volume": 1478779, "typical_volume": 1451817.35, "trend": 55.581691, "fair_value": 37.63412, "relative_strength": -19.588869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.717208, "energy": 87.141004, "activity_lines": [ 46.06708, 48.705118, 52.305035, 54.151904 ] }, { "date": "2024-07-19", "close": 47.117373, "volume": 1309854, "typical_volume": 1443279.1, "trend": 55.270131, "fair_value": 37.711181, "relative_strength": -16.751931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.955157, "energy": 83.493677, "activity_lines": [ 46.138353, 47.992739, 51.543095, 53.605819 ] }, { "date": "2024-07-26", "close": 49.372164, "volume": 1133698, "typical_volume": 1444210.9, "trend": 55.062078, "fair_value": 37.793584, "relative_strength": -11.916361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.727383, "energy": 58.046877, "activity_lines": [ 47.140698, 47.872974, 51.061527, 53.225305 ] }, { "date": "2024-08-02", "close": 44.716797, "volume": 1147199, "typical_volume": 1369851.45, "trend": 54.771322, "fair_value": 37.859648, "relative_strength": -18.297206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.370674, "energy": 55.31954, "activity_lines": [ 46.571169, 47.037336, 50.192635, 52.557867 ] }, { "date": "2024-08-09", "close": 42.685541, "volume": 905809, "typical_volume": 1302468.0, "trend": 54.447324, "fair_value": 37.907055, "relative_strength": -21.795198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.811178, "energy": 59.565326, "activity_lines": [ 45.410081, 46.02327, 49.209858, 51.778139 ] }, { "date": "2024-08-16", "close": 42.957671, "volume": 821530, "typical_volume": 1287801.7, "trend": 54.101152, "fair_value": 37.970442, "relative_strength": -24.004776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.374562, "energy": 59.785605, "activity_lines": [ 44.369507, 45.28721, 48.346162, 51.036871 ] }, { "date": "2024-08-23", "close": 45.056959, "volume": 740358, "typical_volume": 1249902.2, "trend": 53.78308, "fair_value": 38.041833, "relative_strength": -21.094569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.38514, "energy": 57.235835, "activity_lines": [ 44.265191, 45.090887, 47.764945, 50.453375 ] }, { "date": "2024-08-30", "close": 44.512699, "volume": 767893, "typical_volume": 1244570.4, "trend": 53.374068, "fair_value": 38.12686, "relative_strength": -21.905011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.351995, "energy": 54.190865, "activity_lines": [ 44.116815, 44.882019, 47.201493, 49.855286 ] }, { "date": "2024-09-06", "close": 41.762242, "volume": 719187, "typical_volume": 1230736.55, "trend": 52.74968, "fair_value": 38.1996, "relative_strength": -23.276111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.45931, "energy": 57.976727, "activity_lines": [ 43.375584, 44.255943, 46.433472, 49.106136 ] }, { "date": "2024-09-13", "close": 44.133661, "volume": 960626, "typical_volume": 1222951.05, "trend": 52.224634, "fair_value": 38.285454, "relative_strength": -21.819367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.39834, "energy": 46.522213, "activity_lines": [ 43.621797, 44.138079, 45.957027, 48.550264 ] }, { "date": "2024-09-20", "close": 44.75801, "volume": 2761342, "typical_volume": 1306266.6, "trend": 51.6476, "fair_value": 38.375457, "relative_strength": -21.551644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.516117, "energy": 42.210031, "activity_lines": [ 43.979585, 44.115532, 45.599366, 48.068546 ] }, { "date": "2024-09-27", "close": 39.831507, "volume": 2904629, "typical_volume": 1397803.35, "trend": 50.945325, "fair_value": 38.431894, "relative_strength": -30.3369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.911608, "energy": 53.891364, "activity_lines": [ 42.575183, 43.229022, 44.833664, 47.306217 ] }, { "date": "2024-10-04", "close": 40.826563, "volume": 1415309, "typical_volume": 1429553.95, "trend": 50.268166, "fair_value": 38.50089, "relative_strength": -28.582964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.678294, "energy": 51.581775, "activity_lines": [ 41.850829, 42.655901, 44.24526, 46.653394 ] }, { "date": "2024-10-11", "close": 39.294957, "volume": 1202958, "typical_volume": 1443564.25, "trend": 49.530457, "fair_value": 38.55797, "relative_strength": -31.796374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.109307, "energy": 66.395037, "activity_lines": [ 40.861683, 41.959682, 43.585877, 45.945445 ] }, { "date": "2024-10-18", "close": 40.787541, "volume": 1554031, "typical_volume": 1491031.2, "trend": 48.815048, "fair_value": 38.620315, "relative_strength": -29.577388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.792355, "energy": 68.627182, "activity_lines": [ 40.53455, 41.63342, 43.144457, 45.381386 ] }, { "date": "2024-10-25", "close": 37.870661, "volume": 1195366, "typical_volume": 1501105.3, "trend": 48.067648, "fair_value": 38.663263, "relative_strength": -33.669532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.818095, "energy": 71.401499, "activity_lines": [ 39.458198, 40.811325, 42.494131, 44.675297 ] }, { "date": "2024-11-01", "close": 37.870661, "volume": 866668, "typical_volume": 1488931.65, "trend": 47.340917, "fair_value": 38.69352, "relative_strength": -32.443559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.543405, "energy": 75.933144, "activity_lines": [ 38.841003, 40.081722, 41.909422, 44.017426 ] }, { "date": "2024-11-08", "close": 41.363113, "volume": 1269069, "typical_volume": 1418991.5, "trend": 46.83427, "fair_value": 38.749659, "relative_strength": -29.308166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.524682, "energy": 48.647129, "activity_lines": [ 39.518682, 40.11777, 41.714179, 43.631762 ] }, { "date": "2024-11-15", "close": 39.090093, "volume": 841203, "typical_volume": 1265669.4, "trend": 46.28512, "fair_value": 38.801454, "relative_strength": -31.471634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.013993, "energy": 47.020929, "activity_lines": [ 39.402918, 39.797806, 41.339161, 43.132137 ] }, { "date": "2024-11-22", "close": 39.431534, "volume": 689224, "typical_volume": 1234236.6, "trend": 45.713118, "fair_value": 38.863714, "relative_strength": -31.698737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.783825, "energy": 39.698366, "activity_lines": [ 39.414624, 39.588508, 41.029565, 42.689971 ] }, { "date": "2024-11-29", "close": 39.919306, "volume": 587724, "typical_volume": 1189683.85, "trend": 45.123787, "fair_value": 38.937781, "relative_strength": -31.239591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.311275, "energy": 29.150514, "activity_lines": [ 39.679322, 39.553388, 40.784047, 42.316176 ] }, { "date": "2024-12-06", "close": 39.831507, "volume": 820466, "typical_volume": 1165214.45, "trend": 44.546063, "fair_value": 39.00404, "relative_strength": -31.390606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.630527, "energy": 29.172758, "activity_lines": [ 39.778177, 39.590281, 40.561529, 41.974739 ] }, { "date": "2024-12-13", "close": 38.446233, "volume": 1055036, "typical_volume": 1161281.35, "trend": 43.94251, "fair_value": 39.059574, "relative_strength": -32.628946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.815867, "energy": 35.167112, "activity_lines": [ 39.284551, 39.375307, 40.241774, 41.581201 ] }, { "date": "2024-12-20", "close": 39.955081, "volume": 3602406, "typical_volume": 1284041.7, "trend": 43.433819, "fair_value": 39.120972, "relative_strength": -27.89756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.34462, "energy": 23.412215, "activity_lines": [ 39.488334, 39.477947, 40.117747, 41.323948 ] }, { "date": "2024-12-27", "close": 39.847306, "volume": 718852, "typical_volume": 1274693.85, "trend": 42.920244, "fair_value": 39.174244, "relative_strength": -27.795146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.418995, "energy": 22.515108, "activity_lines": [ 39.598525, 39.548989, 40.006131, 41.09256 ] }, { "date": "2025-01-03", "close": 38.965512, "volume": 986410, "typical_volume": 1282937.85, "trend": 42.497416, "fair_value": 39.208808, "relative_strength": -28.286851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.900909, "energy": 27.480016, "activity_lines": [ 39.387067, 39.4768, 39.824049, 40.837416 ] }, { "date": "2025-01-10", "close": 38.818546, "volume": 1009584, "typical_volume": 1296399.15, "trend": 42.13105, "fair_value": 39.242431, "relative_strength": -26.461687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.029433, "energy": 25.963574, "activity_lines": [ 39.190206, 39.357984, 39.646982, 40.600069 ] }, { "date": "2025-01-17", "close": 41.1602, "volume": 1392200, "typical_volume": 1327614.5, "trend": 41.867361, "fair_value": 39.316287, "relative_strength": -23.558689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.826351, "energy": 13.913916, "activity_lines": [ 39.841428, 39.647689, 39.722635, 40.537434 ] }, { "date": "2025-01-24", "close": 40.94465, "volume": 999051, "typical_volume": 1341607.7, "trend": 41.698859, "fair_value": 39.377999, "relative_strength": -24.515707, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.373796, "energy": 7.507147, "activity_lines": [ 40.239868, 39.901893, 39.793725, 40.477904 ] }, { "date": "2025-01-31", "close": 41.052425, "volume": 1512219, "typical_volume": 1369187.35, "trend": 41.62952, "fair_value": 39.446505, "relative_strength": -22.742251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.079535, "energy": 9.39906, "activity_lines": [ 40.608262, 40.141972, 39.878972, 40.436199 ] }, { "date": "2025-02-07", "close": 40.552742, "volume": 1148746, "typical_volume": 1288557.55, "trend": 41.431109, "fair_value": 39.503744, "relative_strength": -22.62668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.256632, "energy": 13.08466, "activity_lines": [ 40.729754, 40.261729, 39.931302, 40.366729 ] }, { "date": "2025-02-14", "close": 42.982575, "volume": 1207904, "typical_volume": 1203721.3, "trend": 41.293282, "fair_value": 39.568127, "relative_strength": -18.274354, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.373205, "energy": 29.74456, "activity_lines": [ 41.555375, 40.811758, 40.235071, 40.466824 ] }, { "date": "2025-02-21", "close": 41.561906, "volume": 1009851, "typical_volume": 1183448.4, "trend": 41.03294, "fair_value": 39.623145, "relative_strength": -18.702045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.015158, "energy": 26.630276, "activity_lines": [ 41.629837, 41.04619, 40.388532, 40.484154 ] }, { "date": "2025-02-28", "close": 41.140605, "volume": 1825121, "typical_volume": 1214556.55, "trend": 40.913734, "fair_value": 39.665106, "relative_strength": -17.799367, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.633433, "energy": 23.800126, "activity_lines": [ 41.537086, 41.147374, 40.498368, 40.491101 ] }, { "date": "2025-03-07", "close": 41.326761, "volume": 1949409, "typical_volume": 1234325.45, "trend": 40.868441, "fair_value": 39.713512, "relative_strength": -13.840494, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.73187, "energy": 18.763918, "activity_lines": [ 41.493322, 41.260849, 40.617144, 40.517748 ] }, { "date": "2025-03-14", "close": 40.141238, "volume": 1574346, "typical_volume": 1253274.45, "trend": 40.77456, "fair_value": 39.745273, "relative_strength": -13.355888, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.803585, "energy": 2.84478, "activity_lines": [ 41.036096, 41.131876, 40.620446, 40.470831 ] }, { "date": "2025-03-21", "close": 39.137707, "volume": 3950259, "typical_volume": 1407454.0, "trend": 40.577251, "fair_value": 39.80104, "relative_strength": -14.928408, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.738314, "energy": 11.596656, "activity_lines": [ 40.271792, 40.799065, 40.517361, 40.365228 ] }, { "date": "2025-03-28", "close": 49.664943, "volume": 4281599, "typical_volume": 1558080.5, "trend": 40.748993, "fair_value": 39.92964, "relative_strength": 10.281577, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.889425, "energy": 54.427996, "activity_lines": [ 43.272892, 42.374495, 41.410836, 40.95153 ] }, { "date": "2025-04-04", "close": 45.709851, "volume": 2358230, "typical_volume": 1633931.85, "trend": 40.88058, "fair_value": 40.037979, "relative_strength": 12.314986, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.118492, "energy": 58.520612, "activity_lines": [ 44.415426, 43.076185, 41.888104, 41.271586 ] }, { "date": "2025-04-11", "close": 46.733059, "volume": 2427466, "typical_volume": 1720843.95, "trend": 40.967226, "fair_value": 40.138309, "relative_strength": 9.307607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.829393, "energy": 66.991156, "activity_lines": [ 45.594412, 43.877273, 42.431297, 41.649165 ] }, { "date": "2025-04-18", "close": 46.624835, "volume": 1231416, "typical_volume": 1753028.55, "trend": 41.029454, "fair_value": 40.236904, "relative_strength": 11.284442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.195535, "energy": 71.95479, "activity_lines": [ 46.376904, 44.555399, 42.929414, 42.014172 ] }, { "date": "2025-04-25", "close": 48.94673, "volume": 1310955, "typical_volume": 1777553.0, "trend": 41.333295, "fair_value": 40.373871, "relative_strength": 12.333397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.48113, "energy": 71.363472, "activity_lines": [ 47.501121, 45.545287, 43.616732, 42.524964 ] }, { "date": "2025-05-02", "close": 51.150562, "volume": 1188378, "typical_volume": 1784220.1, "trend": 41.677428, "fair_value": 40.531618, "relative_strength": 14.716799, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.525408, "energy": 76.286723, "activity_lines": [ 48.706014, 46.827432, 44.470534, 43.158336 ] }, { "date": "2025-05-09", "close": 57.201264, "volume": 1769387, "typical_volume": 1692569.15, "trend": 42.274305, "fair_value": 40.734804, "relative_strength": 29.145911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.707957, "energy": 88.10728, "activity_lines": [ 51.828766, 49.035366, 45.840096, 44.159874 ] }, { "date": "2025-05-16", "close": 58.77543, "volume": 1418296, "typical_volume": 1727541.35, "trend": 42.873901, "fair_value": 40.951537, "relative_strength": 26.317932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.174351, "energy": 93.314233, "activity_lines": [ 54.710146, 51.237499, 47.277454, 45.224463 ] }, { "date": "2025-05-23", "close": 56.660144, "volume": 1024065, "typical_volume": 1729424.1, "trend": 43.500217, "fair_value": 41.139474, "relative_strength": 25.183894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.060473, "energy": 88.04733, "activity_lines": [ 56.083606, 52.737787, 48.423222, 46.113898 ] }, { "date": "2025-05-30", "close": 57.958831, "volume": 823346, "typical_volume": 1720112.2, "trend": 44.169823, "fair_value": 41.337147, "relative_strength": 26.060623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.161753, "energy": 88.481547, "activity_lines": [ 57.220941, 54.173856, 49.608415, 47.046712 ] }, { "date": "2025-06-06", "close": 59.257518, "volume": 1038701, "typical_volume": 1702437.25, "trend": 44.766303, "fair_value": 41.554777, "relative_strength": 26.758041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.792705, "energy": 86.019462, "activity_lines": [ 58.190365, 55.503847, 50.826148, 48.020111 ] }, { "date": "2025-06-13", "close": 58.893492, "volume": 843126, "typical_volume": 1694641.0, "trend": 45.426416, "fair_value": 41.781101, "relative_strength": 26.253045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.272189, "energy": 68.936404, "activity_lines": [ 58.497983, 56.593242, 51.923034, 48.931543 ] }, { "date": "2025-06-20", "close": 57.600973, "volume": 853712, "typical_volume": 1661715.65, "trend": 46.032064, "fair_value": 41.976764, "relative_strength": 23.508506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.675963, "energy": 60.98364, "activity_lines": [ 58.261946, 57.20793, 52.811352, 49.716998 ] }, { "date": "2025-06-27", "close": 62.958515, "volume": 2968144, "typical_volume": 1752685.55, "trend": 46.800038, "fair_value": 42.215637, "relative_strength": 29.93182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.826392, "energy": 67.847949, "activity_lines": [ 59.890054, 58.599119, 54.13111, 50.809027 ] }, { "date": "2025-07-04", "close": 64.477965, "volume": 1178831, "typical_volume": 1751231.9, "trend": 47.621587, "fair_value": 42.466272, "relative_strength": 30.07441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.376637, "energy": 70.410083, "activity_lines": [ 61.604754, 59.969595, 55.488883, 51.949539 ] }, { "date": "2025-07-11", "close": 62.682251, "volume": 1682420, "typical_volume": 1784860.35, "trend": 48.429454, "fair_value": 42.702589, "relative_strength": 26.297017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.279715, "energy": 71.806047, "activity_lines": [ 62.286273, 60.731192, 56.573277, 52.921194 ] }, { "date": "2025-07-18", "close": 61.399598, "volume": 1441948, "typical_volume": 1765701.7, "trend": 49.144271, "fair_value": 42.927391, "relative_strength": 22.607784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.113569, "energy": 68.265494, "activity_lines": [ 62.311926, 61.049912, 57.43494, 53.757978 ] }, { "date": "2025-07-25", "close": 60.837205, "volume": 1296751, "typical_volume": 1733068.8, "trend": 49.843934, "fair_value": 43.125765, "relative_strength": 19.563405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.358148, "energy": 58.210516, "activity_lines": [ 61.983041, 61.190045, 58.146571, 54.512361 ] }, { "date": "2025-08-01", "close": 60.689206, "volume": 1082894, "typical_volume": 1708496.2, "trend": 50.568058, "fair_value": 43.321917, "relative_strength": 21.851628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.455002, "energy": 49.640712, "activity_lines": [ 61.389074, 61.265783, 58.751199, 55.212056 ] }, { "date": "2025-08-08", "close": 62.366521, "volume": 1015542, "typical_volume": 1561760.35, "trend": 51.35299, "fair_value": 43.5161, "relative_strength": 21.690438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.083666, "energy": 46.104462, "activity_lines": [ 61.505499, 61.573231, 59.417725, 55.973247 ] }, { "date": "2025-08-15", "close": 64.014237, "volume": 1170826, "typical_volume": 1406221.7, "trend": 52.114791, "fair_value": 43.723315, "relative_strength": 23.071555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.980624, "energy": 51.698512, "activity_lines": [ 62.311926, 62.100124, 60.130562, 56.790101 ] }, { "date": "2025-08-22", "close": 66.15528, "volume": 745385, "typical_volume": 1325579.45, "trend": 52.955146, "fair_value": 43.943356, "relative_strength": 26.177898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.986203, "energy": 58.849236, "activity_lines": [ 63.743235, 62.929812, 60.978978, 57.695939 ] }, { "date": "2025-08-29", "close": 64.92196, "volume": 874054, "typical_volume": 1247908.85, "trend": 53.750797, "fair_value": 44.174836, "relative_strength": 23.271605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.100133, "energy": 57.509968, "activity_lines": [ 64.446392, 63.403228, 61.612576, 58.467992 ] }, { "date": "2025-09-05", "close": 64.201701, "volume": 716891, "typical_volume": 1222182.6, "trend": 54.539095, "fair_value": 44.391671, "relative_strength": 20.895057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.197644, "energy": 53.940623, "activity_lines": [ 64.637145, 63.612578, 62.090965, 59.142244 ] }, { "date": "2025-09-12", "close": 62.909182, "volume": 1178719, "typical_volume": 1215570.8, "trend": 55.203316, "fair_value": 44.601999, "relative_strength": 16.187755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.453638, "energy": 47.071079, "activity_lines": [ 64.162893, 63.564321, 62.362556, 59.682249 ] }, { "date": "2025-09-19", "close": 60.424625, "volume": 1512225, "typical_volume": 1231763.15, "trend": 55.832073, "fair_value": 44.808032, "relative_strength": 9.947308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.592707, "energy": 27.791001, "activity_lines": [ 62.824277, 63.092851, 62.331036, 60.019108 ] }, { "date": "2025-09-26", "close": 53.833927, "volume": 3429554, "typical_volume": 1314771.5, "trend": 56.255184, "fair_value": 45.00954, "relative_strength": -2.012456, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -13.029559, "energy": 20.596917, "activity_lines": [ 59.52807, 61.464119, 61.627667, 59.890195 ] }, { "date": "2025-10-03", "close": 55.051128, "volume": 1631088, "typical_volume": 1325411.1, "trend": 56.712663, "fair_value": 45.203414, "relative_strength": -1.135856, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -15.049983, "energy": 33.011511, "activity_lines": [ 57.459019, 60.194254, 61.056258, 59.812514 ] }, { "date": "2025-10-10", "close": 54.467267, "volume": 1044560, "typical_volume": 1326435.85, "trend": 57.190197, "fair_value": 45.392793, "relative_strength": -0.100733, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.810647, "energy": 50.678343, "activity_lines": [ 55.853404, 58.923434, 60.446977, 59.66765 ] }, { "date": "2025-10-17", "close": 55.931867, "volume": 1007704, "typical_volume": 1335653.75, "trend": 57.750002, "fair_value": 45.579627, "relative_strength": 0.515768, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.051186, "energy": 59.071362, "activity_lines": [ 55.384951, 58.032031, 59.987625, 59.586468 ] }, { "date": "2025-10-24", "close": 57.930847, "volume": 765671, "typical_volume": 1322002.25, "trend": 58.025532, "fair_value": 45.774682, "relative_strength": 1.679672, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.241443, "energy": 50.186701, "activity_lines": [ 56.047979, 57.621073, 59.728303, 59.598135 ] }, { "date": "2025-10-31", "close": 55.506341, "volume": 857261, "typical_volume": 1322709.0, "trend": 58.352082, "fair_value": 45.940003, "relative_strength": -3.577138, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.270024, "energy": 33.740635, "activity_lines": [ 56.06909, 56.879903, 59.244394, 59.435607 ] }, { "date": "2025-11-07", "close": 54.249557, "volume": 768913, "typical_volume": 1318469.05, "trend": 58.602632, "fair_value": 46.07946, "relative_strength": -4.439379, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.695625, "energy": 33.81736, "activity_lines": [ 55.559779, 56.103843, 58.656921, 59.170927 ] }, { "date": "2025-11-14", "close": 53.952678, "volume": 750014, "typical_volume": 1207562.55, "trend": 58.846893, "fair_value": 46.215622, "relative_strength": -5.372383, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.681838, "energy": 36.24921, "activity_lines": [ 55.004947, 55.467849, 58.057132, 58.87093 ] }, { "date": "2025-11-21", "close": 53.70528, "volume": 702933, "typical_volume": 1183767.65, "trend": 59.005512, "fair_value": 46.346546, "relative_strength": -4.276548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.102481, "energy": 58.564989, "activity_lines": [ 54.401954, 54.97322, 57.476666, 58.539213 ] }, { "date": "2025-11-28", "close": 54.28914, "volume": 678232, "typical_volume": 1133558.25, "trend": 59.110131, "fair_value": 46.480272, "relative_strength": -6.945525, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.580284, "energy": 59.803048, "activity_lines": [ 54.142021, 54.75209, 57.003105, 58.234931 ] }, { "date": "2025-12-05", "close": 54.675082, "volume": 544168, "typical_volume": 1088669.25, "trend": 59.025925, "fair_value": 46.634693, "relative_strength": -6.879667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.978755, "energy": 49.950286, "activity_lines": [ 54.253515, 54.712687, 56.606268, 57.948799 ] }, { "date": "2025-12-12", "close": 57.75272, "volume": 834338, "typical_volume": 1065548.6, "trend": 58.991835, "fair_value": 46.810638, "relative_strength": -1.520155, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.600528, "energy": 27.727774, "activity_lines": [ 55.446306, 55.21756, 56.53456, 57.866657 ] }, { "date": "2025-12-19", "close": 52.005515, "volume": 2516741, "typical_volume": 1137240.95, "trend": 58.83668, "fair_value": 46.956256, "relative_strength": -11.585555, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.069682, "energy": 37.648566, "activity_lines": [ 54.489817, 54.628366, 55.930187, 57.415927 ] }, { "date": "2025-12-26", "close": 52.492012, "volume": 766634, "typical_volume": 1124795.55, "trend": 58.654453, "fair_value": 47.1045, "relative_strength": -12.177001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.011478, "energy": 43.615427, "activity_lines": [ 53.825306, 54.172386, 55.413499, 57.006593 ] }, { "date": "2026-01-02", "close": 51.588518, "volume": 520692, "typical_volume": 1092288.85, "trend": 58.39882, "fair_value": 47.23794, "relative_strength": -12.958934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.875471, "energy": 57.661714, "activity_lines": [ 52.940514, 53.614677, 54.857784, 56.550726 ] }, { "date": "2026-01-09", "close": 53.425292, "volume": 712739, "typical_volume": 1090656.55, "trend": 58.216546, "fair_value": 47.372172, "relative_strength": -11.458397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.278977, "energy": 62.863001, "activity_lines": [ 52.848021, 53.506242, 54.536171, 56.229854 ] }, { "date": "2026-01-16", "close": 53.048009, "volume": 722638, "typical_volume": 1083085.75, "trend": 58.064781, "fair_value": 47.509704, "relative_strength": -11.913966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.754266, "energy": 57.906644, "activity_lines": [ 52.713087, 53.367048, 54.239245, 55.8964 ] }, { "date": "2026-01-23", "close": 52.631011, "volume": 608289, "typical_volume": 1077655.65, "trend": 57.720531, "fair_value": 47.636156, "relative_strength": -12.457339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.424347, "energy": 42.549301, "activity_lines": [ 52.752801, 53.173882, 53.959148, 55.545834 ] }, { "date": "2026-01-30", "close": 55.172709, "volume": 1128363, "typical_volume": 1075137.85, "trend": 57.410356, "fair_value": 47.756256, "relative_strength": -8.80857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.446457, "energy": 25.224757, "activity_lines": [ 53.598048, 53.466873, 53.976215, 55.381458 ] }, { "date": "2026-02-06", "close": 58.677472, "volume": 899536, "typical_volume": 1044503.4, "trend": 57.276863, "fair_value": 47.910599, "relative_strength": -3.181214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.971211, "energy": 12.374771, "activity_lines": [ 55.432836, 54.370413, 54.36391, 55.463208 ] }, { "date": "2026-02-13", "close": 58.528544, "volume": 715565, "typical_volume": 908803.95, "trend": 57.181161, "fair_value": 48.05471, "relative_strength": -2.480922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.718257, "energy": 24.208338, "activity_lines": [ 56.745384, 55.167087, 54.745741, 55.543961 ] }, { "date": "2026-02-20", "close": 56.751341, "volume": 515571, "typical_volume": 853028.1, "trend": 57.044966, "fair_value": 48.194245, "relative_strength": -6.744511, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.243379, "energy": 29.73255, "activity_lines": [ 57.125315, 55.570571, 54.935959, 55.516231 ] }, { "date": "2026-02-27", "close": 55.609563, "volume": 733856, "typical_volume": 837492.9, "trend": 56.875644, "fair_value": 48.31351, "relative_strength": -8.382334, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.463698, "energy": 26.876455, "activity_lines": [ 56.877764, 55.784666, 55.00934, 55.423624 ] }, { "date": "2026-03-06", "close": 50.665167, "volume": 763278, "typical_volume": 825271.6, "trend": 56.485599, "fair_value": 48.425846, "relative_strength": -14.889656, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -48.362572, "energy": 18.570336, "activity_lines": [ 54.783511, 55.034251, 54.606387, 55.022948 ] }, { "date": "2026-03-13", "close": 47.19019, "volume": 821629, "typical_volume": 828069.5, "trend": 55.924797, "fair_value": 48.529884, "relative_strength": -19.503582, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -75.515487, "energy": 52.936974, "activity_lines": [ 51.831436, 53.685238, 53.897563, 54.423245 ] }, { "date": "2026-03-20", "close": 47.489241, "volume": 1269150, "typical_volume": 848663.95, "trend": 55.302596, "fair_value": 48.595477, "relative_strength": -17.562509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.421972, "energy": 79.802858, "activity_lines": [ 49.744862, 52.470567, 53.268367, 53.879015 ] }, { "date": "2026-03-27", "close": 50.539557, "volume": 2473246, "typical_volume": 933880.6, "trend": 54.823183, "fair_value": 48.673274, "relative_strength": -10.055557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.261817, "energy": 71.250705, "activity_lines": [ 49.411014, 51.918428, 52.967853, 53.571722 ] }, { "date": "2026-04-03", "close": 51.875316, "volume": 1158042, "typical_volume": 954282.0, "trend": 54.412303, "fair_value": 48.773913, "relative_strength": -10.497769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.994328, "energy": 67.728862, "activity_lines": [ 49.936539, 51.654762, 52.812221, 53.381537 ] }, { "date": "2026-04-10", "close": 55.025316, "volume": 1009238, "typical_volume": 969597.25, "trend": 54.149508, "fair_value": 48.893526, "relative_strength": -8.213956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.13039, "energy": 25.090109, "activity_lines": [ 51.761012, 51.977563, 52.966481, 53.421087 ] }, { "date": "2026-04-17", "close": 54.975475, "volume": 816189, "typical_volume": 976495.1, "trend": 53.967869, "fair_value": 49.012704, "relative_strength": -12.02551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.045927, "energy": 14.589846, "activity_lines": [ 53.278196, 52.293982, 53.109709, 53.474375 ] }, { "date": "2026-04-24", "close": 55.015348, "volume": 787717, "typical_volume": 988672.55, "trend": 54.00725, "fair_value": 49.139221, "relative_strength": -12.183657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.407645, "energy": 16.866497, "activity_lines": [ 54.289652, 52.684959, 53.253465, 53.541954 ] }, { "date": "2026-05-01", "close": 54.207911, "volume": 743501, "typical_volume": 984130.7, "trend": 53.979143, "fair_value": 49.264942, "relative_strength": -13.975288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.67163, "energy": 17.293574, "activity_lines": [ 54.530221, 52.993007, 53.318703, 53.5549 ] }, { "date": "2026-05-08", "close": 54.267722, "volume": 772293, "typical_volume": 896908.3, "trend": 53.972491, "fair_value": 49.399651, "relative_strength": -15.322524, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.878294, "energy": 13.096041, "activity_lines": [ 54.546171, 53.358173, 53.406517, 53.573518 ] }, { "date": "2026-05-15", "close": 53.211076, "volume": 932846, "typical_volume": 905218.9, "trend": 53.881798, "fair_value": 49.521228, "relative_strength": -16.627538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.559587, "energy": 8.369184, "activity_lines": [ 54.050411, 53.555619, 53.382926, 53.524394 ] }, { "date": "2026-05-22", "close": 54.965506, "volume": 746847, "typical_volume": 916526.65, "trend": 53.782954, "fair_value": 49.652071, "relative_strength": -14.143171, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.881106, "energy": 9.362754, "activity_lines": [ 54.260411, 54.025762, 53.522999, 53.594311 ] }, { "date": "2026-05-29", "close": 56.590348, "volume": 710194, "typical_volume": 916399.4, "trend": 53.819087, "fair_value": 49.786628, "relative_strength": -12.387938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.386524, "energy": 19.024843, "activity_lines": [ 55.01269, 54.649963, 53.801738, 53.775433 ] }, { "date": "2026-06-05", "close": 57.128639, "volume": 794728, "typical_volume": 920003.9, "trend": 53.915057, "fair_value": 49.920447, "relative_strength": -8.820792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.057137, "energy": 43.182733, "activity_lines": [ 55.839399, 55.206559, 54.116671, 53.988953 ] }, { "date": "2026-06-12", "close": 59.491139, "volume": 928994, "typical_volume": 936039.15, "trend": 54.099672, "fair_value": 50.068659, "relative_strength": -5.167523, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.972769, "energy": 66.433444, "activity_lines": [ 57.258892, 56.0729, 54.637172, 54.3487 ] }, { "date": "2026-06-19", "close": 60.4, "volume": 1104063, "typical_volume": 934824.15, "trend": 54.322829, "fair_value": 50.223539, "relative_strength": -4.233623, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.150519, "energy": 73.193495, "activity_lines": [ 58.633112, 56.966018, 55.211565, 54.755173 ] }, { "date": "2026-06-26", "close": 56.35, "volume": 2746746, "typical_volume": 1027184.65, "trend": 54.391525, "fair_value": 50.318895, "relative_strength": -7.929956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.471529, "energy": 62.889037, "activity_lines": [ 58.17807, 57.025052, 55.375351, 54.885958 ] }, { "date": "2026-07-03", "close": 54.57, "volume": 1895935, "typical_volume": 1086203.15, "trend": 54.388022, "fair_value": 50.408734, "relative_strength": -12.104913, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.428399, "energy": 35.539641, "activity_lines": [ 57.037394, 56.735457, 55.380697, 54.897472 ] }, { "date": "2026-07-10", "close": 54.27, "volume": 1376648, "typical_volume": 1129257.0, "trend": 54.271931, "fair_value": 50.486968, "relative_strength": -13.169947, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.456939, "energy": 14.73797, "activity_lines": [ 55.931409, 56.399415, 55.376321, 54.889858 ] }, { "date": "2026-07-17", "close": 55.77, "volume": 1147412, "typical_volume": 1149934.8, "trend": 54.397414, "fair_value": 50.572253, "relative_strength": -8.864601, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.145135, "energy": 19.555096, "activity_lines": [ 55.516, 56.334971, 55.526619, 54.986508 ] }, { "date": "2026-07-24", "close": 56.0, "volume": 950989, "typical_volume": 1159320.35, "trend": 54.514347, "fair_value": 50.647722, "relative_strength": -7.500225, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.027557, "energy": 17.829079, "activity_lines": [ 55.425333, 56.28503, 55.698057, 55.0899 ] }, { "date": "2026-07-31", "close": 56.21, "volume": 1159783, "typical_volume": 1176228.05, "trend": 54.668396, "fair_value": 50.734565, "relative_strength": -7.651791, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.315388, "energy": 13.235919, "activity_lines": [ 55.698, 56.222564, 55.864092, 55.199297 ] }, { "date": "2026-08-07", "close": 58.42, "volume": 980448, "typical_volume": 1161792.95, "trend": 54.834887, "fair_value": 50.83986, "relative_strength": -6.76151, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.730949, "energy": 25.108514, "activity_lines": [ 56.716667, 56.539289, 56.197651, 55.441336 ] } ], "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." } } }