{ "ticker": { "uuid": "82672ca9-562f-46c9-b15a-7f38a4ec7049", "symbol": "RCH", "name": "Richelieu Hardware Ltd.", "exchange": "TOR", "country": "CA", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.502, "architecture_energy": 75.516, "architecture_maturity": 25.105, "architecture_confidence": 82.117, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 12.57, "rotation_up": 9.7, "upward_expansion": 17.82, "deceleration": 37.24, "rotation_down": 72.57, "downward_expansion": 91.15 }, "activity_lines": [ 35.787558, 36.885351, 37.94267, 38.752867 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 36.32, "trend_reference": 39.860218, "distance_from_trend": -0.088816, "trend_direction": "Weakening", "fair_value": 38.379932, "distance_from_fair_value": -0.053672, "fair_value_direction": "Weakening", "relative_strength": -16.637737, "relative_strength_direction": "Weakening", "price_momentum": -0.139201, "excess_performance": -0.259622, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.088816, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008972, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.053672, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.038583, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.166377, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.059856, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.139201, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.705035, "read": "Demand-led" } ], "volume": { "latest": 384300, "relative_activity": 0.886096, "balance": 1.705035, "dry_up": 1.491872, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.053249, "annualized_volatility": 0.271898, "from_high_reference": -0.190241, "from_low_reference": 0.129447 }, "levels": { "trend_reference": 39.860218, "fair_value_reference": 38.379932, "structural_low": 33.759988, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.016644, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": 0.001666, "regime_survival": 0.769231, "best_return": 0.15472, "worst_return": -0.125447, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.000521, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.027822, "regime_survival": 0.4, "best_return": 0.09308, "worst_return": -0.041628, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.041803, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.131541, "regime_survival": 0.0, "best_return": 0.047578, "worst_return": -0.056064, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.22649, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.107557, "regime_survival": 0.333333, "best_return": 0.246385, "worst_return": -0.168657, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-05", "end": "2024-04-26", "tenure": "New", "return": -0.059743, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-03", "end": "2024-07-19", "tenure": "Developing", "return": 0.012418, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2025-01-24", "tenure": "Extended", "return": 0.034297, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": -0.074245, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": 0.015236, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-06-13", "tenure": "Established", "return": -0.012695, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-22", "tenure": "Developing", "return": 0.086276, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": -0.06344, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": 0.115614, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-03-20", "tenure": "Established", "return": 0.071701, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": -0.061895, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": 0.024729, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-06-05", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.091546, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 40.103451, "volume": 174700, "typical_volume": 296345.0, "trend": 39.262083, "fair_value": 37.586332, "relative_strength": 8.116491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.228131, "energy": 19.106072, "activity_lines": [ 40.866503, 40.937246, 40.779347, 40.06595 ] }, { "date": "2023-08-25", "close": 40.189651, "volume": 149700, "typical_volume": 289305.0, "trend": 39.38614, "fair_value": 37.63251, "relative_strength": 7.907675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.292298, "energy": 14.710037, "activity_lines": [ 40.553618, 40.858883, 40.775714, 40.125793 ] }, { "date": "2023-09-01", "close": 41.856243, "volume": 212600, "typical_volume": 288400.0, "trend": 39.469212, "fair_value": 37.69726, "relative_strength": 8.092748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.708255, "energy": 18.469289, "activity_lines": [ 40.906732, 41.063363, 40.907856, 40.285155 ] }, { "date": "2023-09-08", "close": 40.036404, "volume": 163200, "typical_volume": 280845.0, "trend": 39.506837, "fair_value": 37.748209, "relative_strength": 5.540603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.061768, "energy": 13.020161, "activity_lines": [ 40.620028, 40.881456, 40.836611, 40.321748 ] }, { "date": "2023-09-15", "close": 39.38509, "volume": 205600, "typical_volume": 277155.0, "trend": 39.505635, "fair_value": 37.79439, "relative_strength": 0.875364, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.72999, "energy": 7.021858, "activity_lines": [ 40.20817, 40.580403, 40.694555, 40.313893 ] }, { "date": "2023-09-22", "close": 37.986694, "volume": 181300, "typical_volume": 268325.0, "trend": 39.490783, "fair_value": 37.831429, "relative_strength": 1.323481, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.893668, "energy": 27.941139, "activity_lines": [ 39.432345, 40.031875, 40.416958, 40.215897 ] }, { "date": "2023-09-29", "close": 38.101627, "volume": 217100, "typical_volume": 263165.0, "trend": 39.496876, "fair_value": 37.86351, "relative_strength": 2.883497, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.896158, "energy": 41.695611, "activity_lines": [ 38.835949, 39.594069, 40.161696, 40.126274 ] }, { "date": "2023-10-06", "close": 39.145638, "volume": 230700, "typical_volume": 258670.0, "trend": 39.590382, "fair_value": 37.880635, "relative_strength": 7.126844, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.789405, "energy": 47.066515, "activity_lines": [ 38.726758, 39.414175, 40.028977, 40.103613 ] }, { "date": "2023-10-13", "close": 40.113029, "volume": 157000, "typical_volume": 251710.0, "trend": 39.733883, "fair_value": 37.912087, "relative_strength": 8.249309, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.604316, "energy": 39.189138, "activity_lines": [ 39.120737, 39.450398, 40.009717, 40.137332 ] }, { "date": "2023-10-20", "close": 39.372158, "volume": 199500, "typical_volume": 246070.0, "trend": 39.874874, "fair_value": 37.942728, "relative_strength": 7.882552, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.575709, "energy": 18.222893, "activity_lines": [ 39.262651, 39.375601, 39.928161, 40.113995 ] }, { "date": "2023-10-27", "close": 39.333706, "volume": 207400, "typical_volume": 234425.0, "trend": 40.00254, "fair_value": 37.982036, "relative_strength": 9.611968, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.869953, "energy": 7.335574, "activity_lines": [ 39.39261, 39.321911, 39.854553, 40.079081 ] }, { "date": "2023-11-03", "close": 41.390747, "volume": 198600, "typical_volume": 225370.0, "trend": 40.203211, "fair_value": 38.025142, "relative_strength": 8.673784, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.145548, "energy": 13.147373, "activity_lines": [ 40.118449, 39.656225, 39.978782, 40.168643 ] }, { "date": "2023-11-10", "close": 40.669827, "volume": 219700, "typical_volume": 223235.0, "trend": 40.374147, "fair_value": 38.066241, "relative_strength": 7.391093, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.32664, "energy": 10.809975, "activity_lines": [ 40.384706, 39.837623, 40.02335, 40.198747 ] }, { "date": "2023-11-17", "close": 41.333076, "volume": 238100, "typical_volume": 222330.0, "trend": 40.478836, "fair_value": 38.111354, "relative_strength": 6.000709, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.881084, "energy": 21.186999, "activity_lines": [ 40.770433, 40.161184, 40.122196, 40.260614 ] }, { "date": "2023-11-24", "close": 41.390747, "volume": 134100, "typical_volume": 206135.0, "trend": 40.562219, "fair_value": 38.155232, "relative_strength": 6.199197, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.314717, "energy": 28.656316, "activity_lines": [ 41.094048, 40.471655, 40.22017, 40.319447 ] }, { "date": "2023-12-01", "close": 41.534939, "volume": 190000, "typical_volume": 199015.0, "trend": 40.600772, "fair_value": 38.213998, "relative_strength": 4.467216, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.442429, "energy": 37.168164, "activity_lines": [ 41.331154, 40.771875, 40.324101, 40.382203 ] }, { "date": "2023-12-08", "close": 41.717575, "volume": 241500, "typical_volume": 197430.0, "trend": 40.5595, "fair_value": 38.271201, "relative_strength": 5.226373, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.743999, "energy": 39.499542, "activity_lines": [ 41.48239, 41.040789, 40.452055, 40.454254 ] }, { "date": "2023-12-15", "close": 42.630745, "volume": 236200, "typical_volume": 196410.0, "trend": 40.526395, "fair_value": 38.335387, "relative_strength": 6.220353, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.128821, "energy": 59.915102, "activity_lines": [ 41.916227, 41.409989, 40.667593, 40.587883 ] }, { "date": "2023-12-22", "close": 45.937389, "volume": 220900, "typical_volume": 195395.0, "trend": 40.662694, "fair_value": 38.428731, "relative_strength": 12.067614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.730404, "energy": 80.64003, "activity_lines": [ 43.321552, 42.317032, 41.191989, 40.93698 ] }, { "date": "2023-12-29", "close": 46.120026, "volume": 122100, "typical_volume": 195000.0, "trend": 40.806354, "fair_value": 38.528059, "relative_strength": 11.627193, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.186338, "energy": 88.760931, "activity_lines": [ 44.480801, 43.151384, 41.712247, 41.289065 ] }, { "date": "2024-01-05", "close": 43.659267, "volume": 140800, "typical_volume": 193305.0, "trend": 40.937036, "fair_value": 38.604423, "relative_strength": 5.528723, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.193714, "energy": 79.922502, "activity_lines": [ 44.504511, 43.415636, 41.973374, 41.473124 ] }, { "date": "2024-01-12", "close": 45.572117, "volume": 204100, "typical_volume": 196025.0, "trend": 41.153435, "fair_value": 38.691266, "relative_strength": 9.412186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.653103, "energy": 83.277721, "activity_lines": [ 45.024217, 43.949033, 42.399744, 41.772162 ] }, { "date": "2024-01-19", "close": 41.063927, "volume": 388000, "typical_volume": 204795.0, "trend": 41.228789, "fair_value": 38.725444, "relative_strength": -1.218128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.596002, "energy": 37.597112, "activity_lines": [ 43.784223, 43.586734, 42.371132, 41.766387 ] }, { "date": "2024-01-26", "close": 41.9002, "volume": 395200, "typical_volume": 216395.0, "trend": 41.292244, "fair_value": 38.7714, "relative_strength": -0.464955, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.105555, "energy": 19.619721, "activity_lines": [ 42.927441, 43.36932, 42.425938, 41.809704 ] }, { "date": "2024-02-02", "close": 42.412502, "volume": 238500, "typical_volume": 218040.0, "trend": 41.380731, "fair_value": 38.816505, "relative_strength": 0.83204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.658853, "energy": 20.889837, "activity_lines": [ 42.510573, 43.234739, 42.52066, 41.881979 ] }, { "date": "2024-02-09", "close": 42.287106, "volume": 154200, "typical_volume": 216685.0, "trend": 41.359398, "fair_value": 38.85717, "relative_strength": 0.773633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.242703, "energy": 24.399906, "activity_lines": [ 42.299074, 43.058783, 42.589022, 41.940454 ] }, { "date": "2024-02-16", "close": 43.11665, "volume": 196400, "typical_volume": 215650.0, "trend": 41.401731, "fair_value": 38.910605, "relative_strength": 1.456876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.252346, "energy": 19.026971, "activity_lines": [ 42.455567, 43.019976, 42.715911, 42.053826 ] }, { "date": "2024-02-23", "close": 42.740456, "volume": 134700, "typical_volume": 210850.0, "trend": 41.447807, "fair_value": 38.966459, "relative_strength": -0.259874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.404853, "energy": 13.562639, "activity_lines": [ 42.65036, 42.887333, 42.783091, 42.140195 ] }, { "date": "2024-03-01", "close": 42.441437, "volume": 470200, "typical_volume": 226510.0, "trend": 41.482, "fair_value": 39.013896, "relative_strength": -1.71717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.984839, "energy": 10.428951, "activity_lines": [ 42.633712, 42.698328, 42.804675, 42.2043 ] }, { "date": "2024-03-08", "close": 41.737293, "volume": 142600, "typical_volume": 223665.0, "trend": 41.509324, "fair_value": 39.054256, "relative_strength": -4.246477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.668577, "energy": 6.684877, "activity_lines": [ 42.346266, 42.44486, 42.748109, 42.220771 ] }, { "date": "2024-03-15", "close": 41.081383, "volume": 159200, "typical_volume": 221255.0, "trend": 41.541922, "fair_value": 39.086177, "relative_strength": -6.263006, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.995068, "energy": 8.756401, "activity_lines": [ 41.885197, 42.151821, 42.617814, 42.193161 ] }, { "date": "2024-03-22", "close": 41.418987, "volume": 185900, "typical_volume": 220620.0, "trend": 41.5829, "fair_value": 39.115254, "relative_strength": -6.146394, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.869919, "energy": 18.866829, "activity_lines": [ 41.617045, 41.967036, 42.511349, 42.18523 ] }, { "date": "2024-03-29", "close": 41.091026, "volume": 173600, "typical_volume": 218315.0, "trend": 41.557392, "fair_value": 39.129706, "relative_strength": -7.734993, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.457149, "energy": 31.527068, "activity_lines": [ 41.35275, 41.798132, 42.373515, 42.153496 ] }, { "date": "2024-04-05", "close": 40.058933, "volume": 180500, "typical_volume": 215435.0, "trend": 41.558143, "fair_value": 39.134441, "relative_strength": -10.486996, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.781593, "energy": 44.190543, "activity_lines": [ 40.854386, 41.441083, 42.13538, 42.056822 ] }, { "date": "2024-04-12", "close": 38.940022, "volume": 303500, "typical_volume": 223905.0, "trend": 41.543308, "fair_value": 39.133614, "relative_strength": -11.582611, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.299741, "energy": 56.590519, "activity_lines": [ 40.141885, 40.914073, 41.796751, 41.887911 ] }, { "date": "2024-04-19", "close": 38.226234, "volume": 291400, "typical_volume": 228975.0, "trend": 41.551292, "fair_value": 39.124744, "relative_strength": -12.757403, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.229938, "energy": 71.914035, "activity_lines": [ 39.37794, 40.320419, 41.401811, 41.673906 ] }, { "date": "2024-04-26", "close": 37.665676, "volume": 426600, "typical_volume": 238230.0, "trend": 41.536761, "fair_value": 39.109712, "relative_strength": -14.530773, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.300683, "energy": 87.760816, "activity_lines": [ 38.617485, 39.69868, 40.969241, 41.423221 ] }, { "date": "2024-05-03", "close": 38.207893, "volume": 425200, "typical_volume": 247680.0, "trend": 41.505502, "fair_value": 39.09732, "relative_strength": -13.026879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.385579, "energy": 83.859451, "activity_lines": [ 38.28799, 39.274634, 40.607605, 41.208455 ] }, { "date": "2024-05-10", "close": 37.384869, "volume": 213700, "typical_volume": 247320.0, "trend": 41.414564, "fair_value": 39.082041, "relative_strength": -15.933743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.982465, "energy": 86.799843, "activity_lines": [ 37.876362, 38.783358, 40.188647, 40.942608 ] }, { "date": "2024-05-17", "close": 38.072338, "volume": 166000, "typical_volume": 249515.0, "trend": 41.371236, "fair_value": 39.07308, "relative_strength": -14.614513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.099456, "energy": 77.076944, "activity_lines": [ 37.872162, 38.509014, 39.875889, 40.72698 ] }, { "date": "2024-05-24", "close": 38.01424, "volume": 143300, "typical_volume": 249640.0, "trend": 41.327254, "fair_value": 39.059924, "relative_strength": -13.860952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.421217, "energy": 56.88068, "activity_lines": [ 37.906441, 38.290742, 39.59592, 40.5104 ] }, { "date": "2024-05-31", "close": 36.832958, "volume": 283400, "typical_volume": 253605.0, "trend": 41.175328, "fair_value": 39.038181, "relative_strength": -15.988956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.477735, "energy": 59.937737, "activity_lines": [ 37.561093, 37.913457, 39.230329, 40.220445 ] }, { "date": "2024-06-07", "close": 38.246632, "volume": 258500, "typical_volume": 247130.0, "trend": 41.094555, "fair_value": 39.029859, "relative_strength": -11.501024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.811114, "energy": 46.632799, "activity_lines": [ 37.742484, 37.876587, 39.040988, 40.031497 ] }, { "date": "2024-06-14", "close": 38.876007, "volume": 210000, "typical_volume": 237870.0, "trend": 41.012652, "fair_value": 39.037518, "relative_strength": -8.371891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.028388, "energy": 35.00914, "activity_lines": [ 38.131084, 38.005865, 38.925004, 39.888365 ] }, { "date": "2024-06-21", "close": 36.910419, "volume": 325300, "typical_volume": 242210.0, "trend": 40.863308, "fair_value": 39.031801, "relative_strength": -12.419229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.335956, "energy": 43.53082, "activity_lines": [ 37.765078, 37.799271, 38.636222, 39.623705 ] }, { "date": "2024-06-28", "close": 39.883003, "volume": 303400, "typical_volume": 249670.0, "trend": 40.808244, "fair_value": 39.049738, "relative_strength": -6.605977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.2997, "energy": 17.86096, "activity_lines": [ 38.467396, 38.170048, 38.656743, 39.560459 ] }, { "date": "2024-07-05", "close": 37.859322, "volume": 154400, "typical_volume": 247570.0, "trend": 40.679635, "fair_value": 39.049028, "relative_strength": -11.83047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.834883, "energy": 20.841924, "activity_lines": [ 38.370568, 38.142761, 38.495981, 39.370206 ] }, { "date": "2024-07-12", "close": 38.072338, "volume": 308700, "typical_volume": 256270.0, "trend": 40.527688, "fair_value": 39.044488, "relative_strength": -13.361283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.820997, "energy": 21.987705, "activity_lines": [ 38.276322, 38.150682, 38.380541, 39.201994 ] }, { "date": "2024-07-19", "close": 38.682354, "volume": 229500, "typical_volume": 244235.0, "trend": 40.285854, "fair_value": 39.03579, "relative_strength": -11.748133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.649277, "energy": 16.221012, "activity_lines": [ 38.397034, 38.271981, 38.345427, 39.08294 ] }, { "date": "2024-07-26", "close": 39.219196, "volume": 194600, "typical_volume": 246835.0, "trend": 40.055826, "fair_value": 39.026883, "relative_strength": -10.747754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.326102, "energy": 10.375973, "activity_lines": [ 38.709604, 38.467296, 38.379342, 39.014123 ] }, { "date": "2024-08-02", "close": 38.227783, "volume": 223300, "typical_volume": 250040.0, "trend": 39.874777, "fair_value": 39.011861, "relative_strength": -10.41339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.92295, "energy": 10.786367, "activity_lines": [ 38.537784, 38.461503, 38.330827, 38.896185 ] }, { "date": "2024-08-09", "close": 37.372448, "volume": 142000, "typical_volume": 247845.0, "trend": 39.601454, "fair_value": 38.990698, "relative_strength": -12.457061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.773441, "energy": 19.912537, "activity_lines": [ 38.1912, 38.296311, 38.21444, 38.734744 ] }, { "date": "2024-08-16", "close": 38.655453, "volume": 151900, "typical_volume": 246760.0, "trend": 39.521172, "fair_value": 38.984221, "relative_strength": -12.06449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.746901, "energy": 14.974861, "activity_lines": [ 38.304743, 38.354585, 38.239513, 38.673712 ] }, { "date": "2024-08-23", "close": 38.548534, "volume": 148700, "typical_volume": 245170.0, "trend": 39.40945, "fair_value": 38.959948, "relative_strength": -12.853704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.676572, "energy": 15.748745, "activity_lines": [ 38.343773, 38.385985, 38.266001, 38.610961 ] }, { "date": "2024-08-30", "close": 38.237511, "volume": 231300, "typical_volume": 241560.0, "trend": 39.270283, "fair_value": 38.931347, "relative_strength": -13.429315, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.099869, "energy": 15.245654, "activity_lines": [ 38.288049, 38.36679, 38.270061, 38.535352 ] }, { "date": "2024-09-06", "close": 36.565704, "volume": 146400, "typical_volume": 234310.0, "trend": 39.07957, "fair_value": 38.893526, "relative_strength": -14.824847, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.470142, "energy": 30.605608, "activity_lines": [ 37.740501, 38.019501, 38.118246, 38.360863 ] }, { "date": "2024-09-13", "close": 38.218063, "volume": 208600, "typical_volume": 223410.0, "trend": 38.916284, "fair_value": 38.866296, "relative_strength": -13.695795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.834239, "energy": 23.25224, "activity_lines": [ 37.854546, 38.032955, 38.131706, 38.305282 ] }, { "date": "2024-09-20", "close": 38.490215, "volume": 215500, "typical_volume": 212925.0, "trend": 38.774609, "fair_value": 38.849427, "relative_strength": -13.897764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.322736, "energy": 18.84837, "activity_lines": [ 38.002933, 38.089369, 38.168454, 38.277794 ] }, { "date": "2024-09-27", "close": 38.655453, "volume": 396200, "typical_volume": 222050.0, "trend": 38.64841, "fair_value": 38.851684, "relative_strength": -13.55236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.575023, "energy": 11.192654, "activity_lines": [ 38.217416, 38.168228, 38.219596, 38.270106 ] }, { "date": "2024-10-04", "close": 38.655453, "volume": 230500, "typical_volume": 225275.0, "trend": 38.545682, "fair_value": 38.843113, "relative_strength": -13.904246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.832338, "energy": 11.9437, "activity_lines": [ 38.42477, 38.247577, 38.264687, 38.270561 ] }, { "date": "2024-10-11", "close": 37.975067, "volume": 346200, "typical_volume": 235420.0, "trend": 38.442138, "fair_value": 38.82695, "relative_strength": -16.043146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.822924, "energy": 10.244875, "activity_lines": [ 38.377467, 38.213469, 38.242202, 38.233747 ] }, { "date": "2024-10-18", "close": 37.469646, "volume": 457500, "typical_volume": 244125.0, "trend": 38.310493, "fair_value": 38.80341, "relative_strength": -17.862766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.648721, "energy": 12.797655, "activity_lines": [ 38.067732, 38.092061, 38.171769, 38.171006 ] }, { "date": "2024-10-25", "close": 37.451473, "volume": 287400, "typical_volume": 245570.0, "trend": 38.189175, "fair_value": 38.781672, "relative_strength": -16.200163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.133872, "energy": 26.681328, "activity_lines": [ 37.801834, 37.965581, 38.096573, 38.115585 ] }, { "date": "2024-11-01", "close": 36.065823, "volume": 425800, "typical_volume": 256360.0, "trend": 38.056071, "fair_value": 38.749253, "relative_strength": -18.088819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.163479, "energy": 50.429017, "activity_lines": [ 37.143302, 37.609056, 37.893197, 37.978595 ] }, { "date": "2024-11-08", "close": 37.685661, "volume": 324000, "typical_volume": 256295.0, "trend": 38.014259, "fair_value": 38.726559, "relative_strength": -15.664018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.585804, "energy": 42.903636, "activity_lines": [ 37.197358, 37.592187, 37.857473, 37.954697 ] }, { "date": "2024-11-15", "close": 37.314857, "volume": 263200, "typical_volume": 254285.0, "trend": 37.98388, "fair_value": 38.690222, "relative_strength": -16.445101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.283516, "energy": 42.444798, "activity_lines": [ 37.192466, 37.517933, 37.782743, 37.909574 ] }, { "date": "2024-11-22", "close": 38.066227, "volume": 332100, "typical_volume": 263170.0, "trend": 37.997231, "fair_value": 38.670566, "relative_strength": -16.111093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.442451, "energy": 25.124988, "activity_lines": [ 37.482044, 37.56667, 37.791801, 37.914887 ] }, { "date": "2024-11-29", "close": 40.086151, "volume": 297200, "typical_volume": 262595.0, "trend": 38.05984, "fair_value": 38.677102, "relative_strength": -11.916916, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.417619, "energy": 14.83184, "activity_lines": [ 38.405159, 37.985427, 37.992247, 38.049656 ] }, { "date": "2024-12-06", "close": 38.729778, "volume": 248700, "typical_volume": 263555.0, "trend": 38.10467, "fair_value": 38.677401, "relative_strength": -14.538188, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.99363, "energy": 16.52636, "activity_lines": [ 38.700503, 38.128554, 38.053926, 38.092878 ] }, { "date": "2024-12-13", "close": 37.178242, "volume": 269300, "typical_volume": 267290.0, "trend": 38.074867, "fair_value": 38.671289, "relative_strength": -16.052407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.332621, "energy": 9.993358, "activity_lines": [ 38.301072, 37.988232, 37.967613, 38.033108 ] }, { "date": "2024-12-20", "close": 37.266064, "volume": 441200, "typical_volume": 278185.0, "trend": 38.049928, "fair_value": 38.651298, "relative_strength": -12.890972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.180479, "energy": 15.907853, "activity_lines": [ 37.964743, 37.890735, 37.899383, 37.980928 ] }, { "date": "2024-12-27", "close": 37.763729, "volume": 150400, "typical_volume": 278605.0, "trend": 38.080954, "fair_value": 38.631921, "relative_strength": -11.767518, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.138096, "energy": 15.28366, "activity_lines": [ 37.797556, 37.896615, 37.88313, 37.962463 ] }, { "date": "2025-01-03", "close": 37.851551, "volume": 191900, "typical_volume": 280605.0, "trend": 38.067784, "fair_value": 38.616462, "relative_strength": -11.97521, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.770624, "energy": 19.587445, "activity_lines": [ 37.679808, 37.913115, 37.873377, 37.947663 ] }, { "date": "2025-01-10", "close": 36.48542, "volume": 455200, "typical_volume": 295930.0, "trend": 37.988098, "fair_value": 38.592666, "relative_strength": -13.426983, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.148452, "energy": 36.885757, "activity_lines": [ 37.255657, 37.673953, 37.737344, 37.845575 ] }, { "date": "2025-01-17", "close": 40.417919, "volume": 575100, "typical_volume": 313120.0, "trend": 38.105015, "fair_value": 38.561119, "relative_strength": -4.866124, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.839783, "energy": 16.00533, "activity_lines": [ 38.291963, 38.142163, 37.98566, 38.002338 ] }, { "date": "2025-01-24", "close": 40.564297, "volume": 733600, "typical_volume": 342480.0, "trend": 38.127724, "fair_value": 38.523619, "relative_strength": -5.604924, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 60.433366, "energy": 49.12121, "activity_lines": [ 39.161083, 38.587309, 38.237534, 38.161001 ] }, { "date": "2025-01-31", "close": 40.232677, "volume": 754000, "typical_volume": 369750.0, "trend": 38.206836, "fair_value": 38.48334, "relative_strength": -6.147342, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.320726, "energy": 57.41769, "activity_lines": [ 39.699781, 38.91308, 38.438783, 38.296804 ] }, { "date": "2025-02-07", "close": 38.469799, "volume": 381400, "typical_volume": 378045.0, "trend": 38.220085, "fair_value": 38.428756, "relative_strength": -9.422019, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.981465, "energy": 50.048928, "activity_lines": [ 39.486257, 38.878937, 38.462547, 38.31377 ] }, { "date": "2025-02-14", "close": 37.245583, "volume": 413700, "typical_volume": 378920.0, "trend": 38.172193, "fair_value": 38.369509, "relative_strength": -11.867549, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.571288, "energy": 25.216652, "activity_lines": [ 38.823444, 38.651598, 38.369815, 38.250899 ] }, { "date": "2025-02-21", "close": 35.355389, "volume": 592900, "typical_volume": 397040.0, "trend": 38.043399, "fair_value": 38.305054, "relative_strength": -14.637688, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.364514, "energy": 16.654124, "activity_lines": [ 37.479888, 38.107573, 38.103779, 38.069169 ] }, { "date": "2025-02-28", "close": 35.894051, "volume": 443100, "typical_volume": 401885.0, "trend": 37.965608, "fair_value": 38.253064, "relative_strength": -13.617908, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.192319, "energy": 42.899551, "activity_lines": [ 36.653389, 37.694629, 37.904758, 37.930502 ] }, { "date": "2025-03-07", "close": 35.002823, "volume": 356300, "typical_volume": 396825.0, "trend": 37.88662, "fair_value": 38.191397, "relative_strength": -13.086119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.246168, "energy": 61.760363, "activity_lines": [ 35.841163, 37.144589, 37.630768, 37.739354 ] }, { "date": "2025-03-14", "close": 32.750259, "volume": 496500, "typical_volume": 407280.0, "trend": 37.689781, "fair_value": 38.110903, "relative_strength": -17.465927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.72633, "energy": 81.334104, "activity_lines": [ 34.62674, 36.235191, 37.153995, 37.407976 ] }, { "date": "2025-03-21", "close": 32.857986, "volume": 235400, "typical_volume": 397760.0, "trend": 37.500096, "fair_value": 38.040714, "relative_strength": -18.016902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.426071, "energy": 82.032722, "activity_lines": [ 33.829528, 35.438129, 36.709869, 37.096248 ] }, { "date": "2025-03-28", "close": 32.613144, "volume": 298500, "typical_volume": 396485.0, "trend": 37.312617, "fair_value": 37.985236, "relative_strength": -17.409082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.389375, "energy": 82.128455, "activity_lines": [ 33.243209, 34.662505, 36.257699, 36.78096 ] }, { "date": "2025-04-04", "close": 32.848194, "volume": 455100, "typical_volume": 406080.0, "trend": 37.1887, "fair_value": 37.948269, "relative_strength": -10.786297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.93071, "energy": 78.165826, "activity_lines": [ 32.918056, 34.071522, 35.85207, 36.492933 ] }, { "date": "2025-04-11", "close": 32.70129, "volume": 661800, "typical_volume": 422565.0, "trend": 37.004807, "fair_value": 37.925079, "relative_strength": -12.253556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.304132, "energy": 63.8974, "activity_lines": [ 32.746993, 33.594122, 35.45372, 36.203423 ] }, { "date": "2025-04-18", "close": 31.937374, "volume": 251100, "typical_volume": 420260.0, "trend": 36.786379, "fair_value": 37.912137, "relative_strength": -16.00394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.438343, "energy": 63.513074, "activity_lines": [ 32.474726, 33.114762, 35.008164, 35.876492 ] }, { "date": "2025-04-25", "close": 31.675297, "volume": 252000, "typical_volume": 420425.0, "trend": 36.553707, "fair_value": 37.895345, "relative_strength": -18.004484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.777833, "energy": 59.603638, "activity_lines": [ 32.169292, 32.706524, 34.576451, 35.546744 ] }, { "date": "2025-05-02", "close": 31.763857, "volume": 306900, "typical_volume": 422305.0, "trend": 36.323988, "fair_value": 37.887922, "relative_strength": -18.355703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.87337, "energy": 55.842993, "activity_lines": [ 31.972225, 32.415665, 34.186766, 35.237722 ] }, { "date": "2025-05-09", "close": 32.098415, "volume": 277800, "typical_volume": 414135.0, "trend": 36.128099, "fair_value": 37.888491, "relative_strength": -18.14188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.317138, "energy": 54.157129, "activity_lines": [ 31.943295, 32.250935, 33.854726, 34.965104 ] }, { "date": "2025-05-16", "close": 33.909, "volume": 370800, "typical_volume": 425155.0, "trend": 36.009411, "fair_value": 37.896506, "relative_strength": -15.158972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.953675, "energy": 38.406373, "activity_lines": [ 32.56788, 32.484415, 33.71973, 34.821936 ] }, { "date": "2025-05-23", "close": 34.528923, "volume": 231800, "typical_volume": 427150.0, "trend": 35.911993, "fair_value": 37.894812, "relative_strength": -12.899616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.89876, "energy": 24.953631, "activity_lines": [ 33.318591, 32.850495, 33.662131, 34.726421 ] }, { "date": "2025-05-30", "close": 34.027084, "volume": 268300, "typical_volume": 417805.0, "trend": 35.844035, "fair_value": 37.884416, "relative_strength": -14.754354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.57577, "energy": 23.907548, "activity_lines": [ 33.729253, 33.092992, 33.572559, 34.604814 ] }, { "date": "2025-06-06", "close": 34.036922, "volume": 343900, "typical_volume": 406245.0, "trend": 35.72241, "fair_value": 37.875107, "relative_strength": -15.067159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.289959, "energy": 24.869656, "activity_lines": [ 33.986409, 33.316022, 33.495631, 34.488226 ] }, { "date": "2025-06-13", "close": 34.558445, "volume": 225400, "typical_volume": 380835.0, "trend": 35.63053, "fair_value": 37.875591, "relative_strength": -13.47011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.204819, "energy": 17.906411, "activity_lines": [ 34.265867, 33.607988, 33.498758, 34.413132 ] }, { "date": "2025-06-20", "close": 34.115643, "volume": 213900, "typical_volume": 353830.0, "trend": 35.498844, "fair_value": 37.878843, "relative_strength": -14.091059, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.848554, "energy": 14.319329, "activity_lines": [ 34.233723, 33.788348, 33.488312, 34.315397 ] }, { "date": "2025-06-27", "close": 35.335815, "volume": 289600, "typical_volume": 349240.0, "trend": 35.340499, "fair_value": 37.902334, "relative_strength": -11.097887, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.600149, "energy": 13.242455, "activity_lines": [ 34.594527, 34.164842, 33.623201, 34.304879 ] }, { "date": "2025-07-04", "close": 35.798302, "volume": 241400, "typical_volume": 340625.0, "trend": 35.242783, "fair_value": 37.904739, "relative_strength": -10.675004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.708168, "energy": 23.357886, "activity_lines": [ 35.055701, 34.563635, 33.817061, 34.334415 ] }, { "date": "2025-07-11", "close": 35.424381, "volume": 401700, "typical_volume": 331065.0, "trend": 35.184321, "fair_value": 37.925, "relative_strength": -11.092739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.612682, "energy": 39.486849, "activity_lines": [ 35.274153, 34.819479, 33.982201, 34.346131 ] }, { "date": "2025-07-18", "close": 34.371487, "volume": 289600, "typical_volume": 323390.0, "trend": 35.087835, "fair_value": 37.920638, "relative_strength": -14.153541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.415472, "energy": 23.369528, "activity_lines": [ 35.049143, 34.817333, 34.046737, 34.29369 ] }, { "date": "2025-07-25", "close": 35.537106, "volume": 409400, "typical_volume": 326045.0, "trend": 35.013614, "fair_value": 37.914008, "relative_strength": -11.328505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.696828, "energy": 24.966312, "activity_lines": [ 35.225136, 34.985788, 34.229534, 34.322675 ] }, { "date": "2025-08-01", "close": 34.766281, "volume": 378900, "typical_volume": 320165.0, "trend": 34.910772, "fair_value": 37.906187, "relative_strength": -11.222751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.333734, "energy": 16.328201, "activity_lines": [ 35.049424, 34.984492, 34.336376, 34.306718 ] }, { "date": "2025-08-08", "close": 34.222752, "volume": 171200, "typical_volume": 316955.0, "trend": 34.83535, "fair_value": 37.890164, "relative_strength": -14.432933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.879774, "energy": 6.589471, "activity_lines": [ 34.730504, 34.880056, 34.381852, 34.26233 ] }, { "date": "2025-08-15", "close": 35.418514, "volume": 255700, "typical_volume": 314815.0, "trend": 34.668703, "fair_value": 37.885315, "relative_strength": -11.427342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.08465, "energy": 11.996587, "activity_lines": [ 34.915208, 34.989475, 34.534712, 34.299953 ] }, { "date": "2025-08-22", "close": 37.058994, "volume": 292100, "typical_volume": 306665.0, "trend": 34.55186, "fair_value": 37.904533, "relative_strength": -8.295955, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.870558, "energy": 31.196671, "activity_lines": [ 35.64713, 35.372042, 34.830449, 34.454165 ] }, { "date": "2025-08-29", "close": 36.139931, "volume": 217900, "typical_volume": 284470.0, "trend": 34.415435, "fair_value": 37.93008, "relative_strength": -10.846748, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.654714, "energy": 48.644766, "activity_lines": [ 35.893531, 35.542043, 35.018605, 34.556622 ] }, { "date": "2025-09-05", "close": 36.466053, "volume": 185700, "typical_volume": 281200.0, "trend": 34.348643, "fair_value": 37.943622, "relative_strength": -11.126205, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.664944, "energy": 59.193958, "activity_lines": [ 36.20845, 35.734533, 35.221446, 34.68892 ] }, { "date": "2025-09-12", "close": 34.924397, "volume": 298100, "typical_volume": 283505.0, "trend": 34.27127, "fair_value": 37.953332, "relative_strength": -15.065255, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.686855, "energy": 45.274479, "activity_lines": [ 35.896166, 35.626173, 35.255897, 34.726065 ] }, { "date": "2025-09-19", "close": 34.450039, "volume": 1072500, "typical_volume": 321785.0, "trend": 34.241092, "fair_value": 37.959698, "relative_strength": -17.065487, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.383342, "energy": 17.169535, "activity_lines": [ 35.378987, 35.447454, 35.229699, 34.737598 ] }, { "date": "2025-09-26", "close": 33.847214, "volume": 325100, "typical_volume": 324150.0, "trend": 34.172864, "fair_value": 37.944776, "relative_strength": -17.958798, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.305624, "energy": 12.945328, "activity_lines": [ 34.72543, 35.176847, 35.133298, 34.712187 ] }, { "date": "2025-10-03", "close": 33.896622, "volume": 328400, "typical_volume": 322030.0, "trend": 34.135991, "fair_value": 37.941363, "relative_strength": -19.208221, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.993939, "energy": 17.026187, "activity_lines": [ 34.302462, 34.924755, 35.033275, 34.694365 ] }, { "date": "2025-10-10", "close": 35.082516, "volume": 830100, "typical_volume": 351945.0, "trend": 34.213733, "fair_value": 37.956502, "relative_strength": -14.191375, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.05749, "energy": 16.555801, "activity_lines": [ 34.424346, 34.918107, 35.046254, 34.755431 ] }, { "date": "2025-10-17", "close": 35.892872, "volume": 629300, "typical_volume": 369995.0, "trend": 34.314895, "fair_value": 37.970607, "relative_strength": -12.570813, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.176665, "energy": 13.966984, "activity_lines": [ 34.908584, 35.053047, 35.133772, 34.863763 ] }, { "date": "2025-10-24", "close": 37.815536, "volume": 540700, "typical_volume": 379835.0, "trend": 34.488309, "fair_value": 37.989507, "relative_strength": -8.260993, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.367194, "energy": 46.364403, "activity_lines": [ 35.969145, 35.507196, 35.395517, 35.08961 ] }, { "date": "2025-10-31", "close": 38.152905, "volume": 523500, "typical_volume": 394740.0, "trend": 34.665132, "fair_value": 38.012998, "relative_strength": -6.861691, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.922691, "energy": 67.112718, "activity_lines": [ 36.917796, 35.979103, 35.671399, 35.326036 ] }, { "date": "2025-11-07", "close": 36.644653, "volume": 828800, "typical_volume": 425485.0, "trend": 34.796578, "fair_value": 38.018989, "relative_strength": -9.117925, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.459971, "energy": 63.132365, "activity_lines": [ 37.07665, 36.156893, 35.786522, 35.453747 ] }, { "date": "2025-11-14", "close": 37.200325, "volume": 577400, "typical_volume": 439875.0, "trend": 34.972009, "fair_value": 38.034006, "relative_strength": -8.645073, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.619634, "energy": 66.743163, "activity_lines": [ 37.237526, 36.426537, 35.942522, 35.608827 ] }, { "date": "2025-11-21", "close": 37.378929, "volume": 412400, "typical_volume": 448425.0, "trend": 35.16213, "fair_value": 38.045796, "relative_strength": -7.361223, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.565848, "energy": 59.956277, "activity_lines": [ 37.31675, 36.715304, 36.106654, 35.764113 ] }, { "date": "2025-11-28", "close": 38.97649, "volume": 421800, "typical_volume": 449430.0, "trend": 35.402552, "fair_value": 38.064366, "relative_strength": -6.733262, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.415276, "energy": 56.587365, "activity_lines": [ 37.829423, 37.24991, 36.415408, 36.0102 ] }, { "date": "2025-12-05", "close": 38.400974, "volume": 529400, "typical_volume": 461420.0, "trend": 35.612637, "fair_value": 38.088294, "relative_strength": -7.525534, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.90527, "energy": 56.907388, "activity_lines": [ 38.072861, 37.597577, 36.652436, 36.203647 ] }, { "date": "2025-12-12", "close": 39.174946, "volume": 297900, "typical_volume": 455845.0, "trend": 35.788168, "fair_value": 38.113176, "relative_strength": -5.996681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.973709, "energy": 67.308431, "activity_lines": [ 38.557752, 38.00317, 36.943987, 36.433473 ] }, { "date": "2025-12-19", "close": 40.137455, "volume": 990000, "typical_volume": 486400.0, "trend": 35.975119, "fair_value": 38.14781, "relative_strength": -4.029374, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.808141, "energy": 77.230042, "activity_lines": [ 39.194793, 38.487796, 37.309883, 36.714072 ] }, { "date": "2025-12-26", "close": 39.552013, "volume": 182700, "typical_volume": 486975.0, "trend": 36.159284, "fair_value": 38.181485, "relative_strength": -5.755425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.305088, "energy": 70.835434, "activity_lines": [ 39.440877, 38.774069, 37.594446, 36.94484 ] }, { "date": "2026-01-02", "close": 39.552013, "volume": 144500, "typical_volume": 481415.0, "trend": 36.34312, "fair_value": 38.200708, "relative_strength": -5.036635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.271246, "energy": 65.839225, "activity_lines": [ 39.54209, 38.993813, 37.853631, 37.163726 ] }, { "date": "2026-01-09", "close": 41.199184, "volume": 282200, "typical_volume": 480920.0, "trend": 36.564478, "fair_value": 38.238323, "relative_strength": -2.994824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.355901, "energy": 77.459126, "activity_lines": [ 40.153991, 39.48147, 38.250006, 37.47702 ] }, { "date": "2026-01-16", "close": 42.479218, "volume": 974200, "typical_volume": 518735.0, "trend": 36.843264, "fair_value": 38.280136, "relative_strength": -0.7971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.849154, "energy": 74.109335, "activity_lines": [ 41.006023, 40.146473, 38.748574, 37.858616 ] }, { "date": "2026-01-23", "close": 41.784626, "volume": 430500, "typical_volume": 530975.0, "trend": 37.058224, "fair_value": 38.314217, "relative_strength": -2.244883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.088351, "energy": 73.361573, "activity_lines": [ 41.40624, 40.579105, 39.150804, 38.177414 ] }, { "date": "2026-01-30", "close": 40.559814, "volume": 826600, "typical_volume": 557400.0, "trend": 37.216941, "fair_value": 38.321882, "relative_strength": -1.029138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.774112, "energy": 63.036414, "activity_lines": [ 41.288374, 40.705692, 39.411058, 38.403323 ] }, { "date": "2026-02-06", "close": 42.193363, "volume": 397500, "typical_volume": 523650.0, "trend": 37.442574, "fair_value": 38.342944, "relative_strength": 1.544323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.07994, "energy": 57.242995, "activity_lines": [ 41.647838, 41.071453, 39.800053, 38.724382 ] }, { "date": "2026-02-13", "close": 43.657581, "volume": 482600, "typical_volume": 531525.0, "trend": 37.752111, "fair_value": 38.370101, "relative_strength": 3.373446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.027622, "energy": 59.812804, "activity_lines": [ 42.319285, 41.644948, 40.291624, 39.12535 ] }, { "date": "2026-02-20", "close": 44.803055, "volume": 382000, "typical_volume": 534205.0, "trend": 38.060976, "fair_value": 38.410939, "relative_strength": 3.879294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.328675, "energy": 64.716591, "activity_lines": [ 43.208663, 42.331136, 40.845572, 39.58025 ] }, { "date": "2026-02-27", "close": 43.368721, "volume": 332300, "typical_volume": 509315.0, "trend": 38.347724, "fair_value": 38.445875, "relative_strength": -0.750927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.19569, "energy": 67.50436, "activity_lines": [ 43.465007, 42.654207, 41.210981, 39.922685 ] }, { "date": "2026-03-06", "close": 41.625607, "volume": 312200, "typical_volume": 493460.0, "trend": 38.594485, "fair_value": 38.479754, "relative_strength": -0.889681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.499816, "energy": 51.200997, "activity_lines": [ 43.034707, 42.601597, 41.370921, 40.134162 ] }, { "date": "2026-03-13", "close": 41.416431, "volume": 490000, "typical_volume": 490925.0, "trend": 38.794416, "fair_value": 38.515705, "relative_strength": 0.347014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.972771, "energy": 36.951791, "activity_lines": [ 42.463629, 42.473254, 41.483641, 40.316223 ] }, { "date": "2026-03-20", "close": 40.888515, "volume": 1095700, "typical_volume": 519535.0, "trend": 38.922067, "fair_value": 38.552539, "relative_strength": 2.957636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.190658, "energy": 20.237807, "activity_lines": [ 41.768374, 42.215028, 41.528937, 40.451326 ] }, { "date": "2026-03-27", "close": 40.54985, "volume": 553800, "typical_volume": 505785.0, "trend": 39.069064, "fair_value": 38.584886, "relative_strength": 0.123325, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.363308, "energy": 21.94031, "activity_lines": [ 41.144836, 41.900875, 41.528951, 40.556344 ] }, { "date": "2026-04-03", "close": 40.181309, "volume": 277400, "typical_volume": 490785.0, "trend": 39.192906, "fair_value": 38.615724, "relative_strength": -3.92987, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.989655, "energy": 17.918113, "activity_lines": [ 40.681997, 41.554793, 41.475271, 40.628102 ] }, { "date": "2026-04-10", "close": 38.97607, "volume": 567200, "typical_volume": 498525.0, "trend": 39.327962, "fair_value": 38.637739, "relative_strength": -8.115318, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.765971, "energy": 17.441574, "activity_lines": [ 40.029906, 41.018729, 41.29261, 40.614112 ] }, { "date": "2026-04-17", "close": 40.171349, "volume": 591200, "typical_volume": 506995.0, "trend": 39.518672, "fair_value": 38.650424, "relative_strength": -6.876976, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.015, "energy": 17.370581, "activity_lines": [ 39.952878, 40.728783, 41.21618, 40.668524 ] }, { "date": "2026-04-24", "close": 40.279999, "volume": 343700, "typical_volume": 497710.0, "trend": 39.733098, "fair_value": 38.659339, "relative_strength": -5.271204, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.999122, "energy": 15.519966, "activity_lines": [ 39.995071, 40.495356, 41.144408, 40.717642 ] }, { "date": "2026-05-01", "close": 39.59, "volume": 321200, "typical_volume": 498875.0, "trend": 39.922877, "fair_value": 38.654286, "relative_strength": -6.714278, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.838636, "energy": 25.534861, "activity_lines": [ 39.847833, 40.197885, 40.997975, 40.70841 ] }, { "date": "2026-05-08", "close": 38.040001, "volume": 426300, "typical_volume": 470690.0, "trend": 40.02146, "fair_value": 38.622775, "relative_strength": -10.652132, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.662089, "energy": 33.766573, "activity_lines": [ 39.247918, 39.713379, 40.701945, 40.586934 ] }, { "date": "2026-05-15", "close": 38.82, "volume": 498300, "typical_volume": 486470.0, "trend": 40.119031, "fair_value": 38.59198, "relative_strength": -7.937218, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.195874, "energy": 33.240634, "activity_lines": [ 39.050757, 39.467576, 40.490189, 40.509421 ] }, { "date": "2026-05-22", "close": 39.25, "volume": 250400, "typical_volume": 491765.0, "trend": 40.166847, "fair_value": 38.575324, "relative_strength": -8.363714, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.503087, "energy": 34.583494, "activity_lines": [ 39.007333, 39.350967, 40.322872, 40.453354 ] }, { "date": "2026-05-29", "close": 39.779999, "volume": 364300, "typical_volume": 495870.0, "trend": 40.221083, "fair_value": 38.56231, "relative_strength": -7.698895, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.583079, "energy": 27.017103, "activity_lines": [ 39.202, 39.37011, 40.207468, 40.428396 ] }, { "date": "2026-06-05", "close": 39.200001, "volume": 181000, "typical_volume": 456210.0, "trend": 40.306261, "fair_value": 38.558856, "relative_strength": -7.892208, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.292589, "energy": 19.399027, "activity_lines": [ 39.236667, 39.303955, 40.043585, 40.36252 ] }, { "date": "2026-06-12", "close": 39.98, "volume": 111700, "typical_volume": 440270.0, "trend": 40.398917, "fair_value": 38.564624, "relative_strength": -7.239292, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.735098, "energy": 18.772595, "activity_lines": [ 39.557333, 39.404159, 39.969603, 40.341471 ] }, { "date": "2026-06-19", "close": 38.558666, "volume": 86400, "typical_volume": 403260.0, "trend": 40.438242, "fair_value": 38.563056, "relative_strength": -10.358046, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.61681, "energy": 24.659723, "activity_lines": [ 39.274889, 39.2496, 39.768849, 40.222745 ] }, { "date": "2026-06-26", "close": 41.216858, "volume": 170100, "typical_volume": 391890.0, "trend": 40.512921, "fair_value": 38.570878, "relative_strength": -3.990208, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.512467, "energy": 11.509231, "activity_lines": [ 39.89593, 39.585938, 39.830785, 40.272978 ] }, { "date": "2026-07-03", "close": 40.171497, "volume": 32200, "typical_volume": 369370.0, "trend": 40.571938, "fair_value": 38.573529, "relative_strength": -6.866853, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.104073, "energy": 16.395485, "activity_lines": [ 40.037394, 39.7132, 39.797813, 40.250951 ] }, { "date": "2026-07-10", "close": 34.964634, "volume": 1310700, "typical_volume": 415805.0, "trend": 40.431594, "fair_value": 38.522488, "relative_strength": -18.661847, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.941726, "energy": 53.490231, "activity_lines": [ 38.417138, 38.895733, 39.28555, 39.88919 ] }, { "date": "2026-07-17", "close": 36.149372, "volume": 1114200, "typical_volume": 454900.0, "trend": 40.298658, "fair_value": 38.485967, "relative_strength": -15.495713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.88317, "energy": 63.800784, "activity_lines": [ 37.474151, 38.377771, 38.932969, 39.612917 ] }, { "date": "2026-07-24", "close": 35.369999, "volume": 457400, "typical_volume": 462160.0, "trend": 40.159258, "fair_value": 38.447581, "relative_strength": -17.179513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.197463, "energy": 77.840522, "activity_lines": [ 36.526749, 37.752479, 38.54054, 39.294939 ] }, { "date": "2026-07-31", "close": 35.459999, "volume": 632200, "typical_volume": 469270.0, "trend": 40.022857, "fair_value": 38.409404, "relative_strength": -16.25823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.517431, "energy": 80.20362, "activity_lines": [ 35.821925, 37.206279, 38.18647, 38.991761 ] }, { "date": "2026-08-07", "close": 36.32, "volume": 384300, "typical_volume": 433700.0, "trend": 39.860218, "fair_value": 38.379932, "relative_strength": -16.637737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.501609, "energy": 75.516391, "activity_lines": [ 35.787558, 36.885351, 37.94267, 38.752867 ] } ], "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." } } }