{ "ticker": { "uuid": "827daa20-089c-4c2d-b207-1fa6afff4e4b", "symbol": "2090", "name": "National Gypsum Company", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 95.219, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -47.461, "architecture_energy": 31.843, "architecture_maturity": 77.982, "architecture_confidence": 95.168, "architecture_tenure": "Extended", "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": 38.81, "rotation_up": 20.51, "upward_expansion": 6.33, "deceleration": 43.56, "rotation_down": 47.94, "downward_expansion": 75.0 }, "activity_lines": [ 14.058667, 14.126364, 14.204714, 14.308194 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 14.17, "trend_reference": 14.53, "distance_from_trend": -0.024776, "trend_direction": "Weakening", "fair_value": 20.700449, "distance_from_fair_value": -0.315474, "fair_value_direction": "Weakening", "relative_strength": -10.933113, "relative_strength_direction": "Improving", "price_momentum": -0.052174, "excess_performance": -0.020344, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.024776, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.056432, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.315474, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.000539, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.109331, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.054496, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.052174, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.444783, "read": "Supply-led" } ], "volume": { "latest": 542157, "relative_activity": 1.003041, "balance": 0.444783, "dry_up": 0.6643, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.041692, "annualized_volatility": 0.195751, "from_high_reference": -0.352968, "from_low_reference": 0.09 }, "levels": { "trend_reference": 14.53, "fair_value_reference": 20.700449, "structural_low": 13.0, "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": 40, "median_return": -0.027795, "positive_rate": 0.475, "directional_follow_through": 0.525, "median_excess_return": -0.014818, "regime_survival": 0.85, "best_return": 0.156796, "worst_return": -0.295606, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.040026, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.03642, "regime_survival": 0.642857, "best_return": 0.200855, "worst_return": -0.352693, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.094203, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.003629, "regime_survival": 0.428571, "best_return": 0.358595, "worst_return": -0.520879, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.184254, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.127738, "regime_survival": 0.333333, "best_return": 0.04025, "worst_return": -0.513039, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-13", "end": "2023-12-22", "tenure": "Developing", "return": 0.058226, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-01-05", "tenure": "New", "return": 0.026655, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-12", "end": "2024-02-23", "tenure": "Developing", "return": 0.070833, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-05-24", "tenure": "Developing", "return": 0.017308, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-31", "end": "2024-06-28", "tenure": "New", "return": -0.045669, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-05", "end": "2024-08-16", "tenure": "Developing", "return": 0.013652, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2025-01-31", "tenure": "Established", "return": -0.075021, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.073362, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-07-11", "tenure": "Established", "return": 0.076812, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.02382, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.111374, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": 0.155104, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-11-14", "tenure": "Developing", "return": -0.095563, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-08-07", "tenure": "Extended", "return": -0.22526, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 25.299999, "volume": 420139, "typical_volume": 464531.2, "trend": 24.415666, "fair_value": 31.896236, "relative_strength": -0.890094, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.8556, "energy": 27.366711, "activity_lines": [ 26.29, 26.480909, 25.967714, 25.202021 ] }, { "date": "2023-08-11", "close": 25.1, "volume": 674045, "typical_volume": 497973.2, "trend": 24.475, "fair_value": 31.954339, "relative_strength": -1.857372, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.189587, "energy": 22.273773, "activity_lines": [ 25.733333, 26.239091, 25.968619, 25.246172 ] }, { "date": "2023-08-18", "close": 23.82, "volume": 754885, "typical_volume": 535515.95, "trend": 24.477, "fair_value": 32.002889, "relative_strength": -6.784038, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.275027, "energy": 20.772001, "activity_lines": [ 24.936667, 25.774545, 25.827143, 25.203914 ] }, { "date": "2023-08-25", "close": 23.139999, "volume": 792647, "typical_volume": 575016.25, "trend": 24.451666, "fair_value": 32.04708, "relative_strength": -8.806345, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.683744, "energy": 37.908141, "activity_lines": [ 24.198666, 25.226, 25.608524, 25.117656 ] }, { "date": "2023-09-01", "close": 23.5, "volume": 652449, "typical_volume": 607279.2, "trend": 24.419666, "fair_value": 32.092721, "relative_strength": -7.855394, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.215555, "energy": 43.99625, "activity_lines": [ 23.801333, 24.794909, 25.421333, 25.056258 ] }, { "date": "2023-09-08", "close": 22.719999, "volume": 643493, "typical_volume": 639188.65, "trend": 24.381, "fair_value": 32.129197, "relative_strength": -8.364603, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.905914, "energy": 60.69701, "activity_lines": [ 23.317333, 24.282, 25.159381, 24.946602 ] }, { "date": "2023-09-15", "close": 23.84, "volume": 1521630, "typical_volume": 715108.75, "trend": 24.409, "fair_value": 32.168686, "relative_strength": -3.064334, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.953369, "energy": 51.200152, "activity_lines": [ 23.378666, 24.032363, 25.009905, 24.911699 ] }, { "date": "2023-09-22", "close": 23.559999, "volume": 661597, "typical_volume": 748004.3, "trend": 24.444333, "fair_value": 32.199642, "relative_strength": -2.221061, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.180631, "energy": 35.19277, "activity_lines": [ 23.430666, 23.805636, 24.834809, 24.856924 ] }, { "date": "2023-09-29", "close": 23.200001, "volume": 368525, "typical_volume": 766245.95, "trend": 24.485666, "fair_value": 32.197047, "relative_strength": -4.504634, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.414199, "energy": 33.052909, "activity_lines": [ 23.38, 23.596, 24.631333, 24.776645 ] }, { "date": "2023-10-06", "close": 22.68, "volume": 269650, "typical_volume": 779204.75, "trend": 24.503667, "fair_value": 32.202391, "relative_strength": -3.997417, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.845176, "energy": 35.152322, "activity_lines": [ 23.152, 23.350909, 24.387381, 24.66015 ] }, { "date": "2023-10-13", "close": 21.639999, "volume": 599496, "typical_volume": 808564.35, "trend": 24.500333, "fair_value": 32.199966, "relative_strength": -6.682566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.073754, "energy": 66.150724, "activity_lines": [ 22.632, 22.978909, 24.058524, 24.475398 ] }, { "date": "2023-10-20", "close": 21.0, "volume": 471786, "typical_volume": 831735.5, "trend": 24.507, "fair_value": 32.184494, "relative_strength": -9.781404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.833162, "energy": 83.433831, "activity_lines": [ 21.970666, 22.557091, 23.689476, 24.24957 ] }, { "date": "2023-10-27", "close": 20.059999, "volume": 567979, "typical_volume": 859843.5, "trend": 24.468333, "fair_value": 32.146762, "relative_strength": -11.552304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.701177, "energy": 90.059095, "activity_lines": [ 21.185333, 22.038909, 23.253047, 23.962666 ] }, { "date": "2023-11-03", "close": 20.219999, "volume": 692441, "typical_volume": 894192.95, "trend": 24.391, "fair_value": 32.099948, "relative_strength": -14.226892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.341005, "energy": 89.910519, "activity_lines": [ 20.686666, 21.618181, 22.860142, 23.68858 ] }, { "date": "2023-11-10", "close": 19.92, "volume": 665649, "typical_volume": 927215.35, "trend": 24.275, "fair_value": 32.055499, "relative_strength": -15.070599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.940393, "energy": 89.574731, "activity_lines": [ 20.286666, 21.196, 22.46619, 23.400129 ] }, { "date": "2023-11-17", "close": 21.360001, "volume": 952096, "typical_volume": 932738.15, "trend": 24.189, "fair_value": 32.049931, "relative_strength": -10.748463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.704068, "energy": 78.36906, "activity_lines": [ 20.550667, 21.100727, 22.242143, 23.212064 ] }, { "date": "2023-11-24", "close": 21.6, "volume": 707833, "typical_volume": 825955.4, "trend": 24.107, "fair_value": 32.037325, "relative_strength": -9.542226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.773415, "energy": 55.219578, "activity_lines": [ 20.913333, 21.073818, 22.063047, 23.045032 ] }, { "date": "2023-12-01", "close": 22.26, "volume": 715500, "typical_volume": 701803.95, "trend": 24.022333, "fair_value": 32.017678, "relative_strength": -7.509529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.374524, "energy": 36.493822, "activity_lines": [ 21.456, 21.207636, 21.976809, 22.925871 ] }, { "date": "2023-12-08", "close": 22.92, "volume": 815474, "typical_volume": 693099.55, "trend": 23.949666, "fair_value": 31.997667, "relative_strength": -5.02738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.306022, "energy": 27.982373, "activity_lines": [ 22.072, 21.485091, 21.981238, 22.854753 ] }, { "date": "2023-12-15", "close": 23.059999, "volume": 654180, "typical_volume": 680074.7, "trend": 23.863333, "fair_value": 31.969977, "relative_strength": -6.867285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.306496, "energy": 27.520705, "activity_lines": [ 22.554666, 21.793091, 22.015809, 22.797355 ] }, { "date": "2023-12-22", "close": 22.9, "volume": 953141, "typical_volume": 706724.8, "trend": 23.76, "fair_value": 31.942793, "relative_strength": -7.971888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.167465, "energy": 22.767827, "activity_lines": [ 22.774666, 22.065091, 22.049619, 22.735204 ] }, { "date": "2023-12-29", "close": 23.26, "volume": 1086885, "typical_volume": 727366.8, "trend": 23.680333, "fair_value": 31.92098, "relative_strength": -8.757454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.521661, "energy": 25.654971, "activity_lines": [ 23.012, 22.379636, 22.129143, 22.702946 ] }, { "date": "2024-01-05", "close": 23.879999, "volume": 2258175, "typical_volume": 802531.3, "trend": 23.609666, "fair_value": 31.903141, "relative_strength": -7.84422, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.649645, "energy": 29.96187, "activity_lines": [ 23.345333, 22.765818, 22.276476, 22.715828 ] }, { "date": "2024-01-12", "close": 24.0, "volume": 1731791, "typical_volume": 849488.5, "trend": 23.543, "fair_value": 31.887603, "relative_strength": -6.960947, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.928848, "energy": 49.215316, "activity_lines": [ 23.610666, 23.104363, 22.434952, 22.741011 ] }, { "date": "2024-01-19", "close": 23.799999, "volume": 2746262, "typical_volume": 954179.15, "trend": 23.443, "fair_value": 31.868945, "relative_strength": -6.337653, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.701734, "energy": 51.546145, "activity_lines": [ 23.737333, 23.337818, 22.570285, 22.757591 ] }, { "date": "2024-01-26", "close": 23.66, "volume": 1199955, "typical_volume": 982002.25, "trend": 23.365, "fair_value": 31.851534, "relative_strength": -8.196341, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.215181, "energy": 46.136274, "activity_lines": [ 23.768, 23.475272, 22.690857, 22.771591 ] }, { "date": "2024-02-02", "close": 23.120001, "volume": 1257650, "typical_volume": 968803.25, "trend": 23.205666, "fair_value": 31.821472, "relative_strength": -8.16331, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.902307, "energy": 24.829673, "activity_lines": [ 23.568, 23.472727, 22.755524, 22.755785 ] }, { "date": "2024-02-09", "close": 23.780001, "volume": 1050919, "typical_volume": 988269.35, "trend": 23.061667, "fair_value": 31.797785, "relative_strength": -7.536929, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.759767, "energy": 25.827512, "activity_lines": [ 23.597334, 23.562546, 22.886476, 22.792839 ] }, { "date": "2024-02-16", "close": 24.9, "volume": 2274674, "typical_volume": 1083576.8, "trend": 23.01, "fair_value": 31.784953, "relative_strength": -5.181925, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.569765, "energy": 39.785178, "activity_lines": [ 24.006667, 23.828364, 23.123048, 22.911441 ] }, { "date": "2024-02-23", "close": 25.700001, "volume": 4634927, "typical_volume": 1301840.65, "trend": 22.996666, "fair_value": 31.786744, "relative_strength": -3.207937, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.49397, "energy": 71.9142, "activity_lines": [ 24.622667, 24.203637, 23.427714, 23.084989 ] }, { "date": "2024-03-01", "close": 26.0, "volume": 2549686, "typical_volume": 1399350.15, "trend": 23.02, "fair_value": 31.767793, "relative_strength": -1.957516, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.933049, "energy": 83.548961, "activity_lines": [ 25.212, 24.585455, 23.746572, 23.278753 ] }, { "date": "2024-03-08", "close": 25.6, "volume": 1906509, "typical_volume": 1471086.3, "trend": 23.036667, "fair_value": 31.745052, "relative_strength": -2.953599, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.981043, "energy": 81.065082, "activity_lines": [ 25.512, 24.838182, 24.006572, 23.445204 ] }, { "date": "2024-03-15", "close": 26.25, "volume": 1800924, "typical_volume": 1532733.55, "trend": 23.117667, "fair_value": 31.731072, "relative_strength": -1.653354, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.212494, "energy": 82.76402, "activity_lines": [ 25.863333, 25.166546, 24.306572, 23.652516 ] }, { "date": "2024-03-22", "close": 26.200001, "volume": 4076825, "typical_volume": 1701952.75, "trend": 23.219667, "fair_value": 31.709727, "relative_strength": -2.620861, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.685566, "energy": 69.256201, "activity_lines": [ 26.033334, 25.442728, 24.572334, 23.851376 ] }, { "date": "2024-03-29", "close": 26.65, "volume": 2807931, "typical_volume": 1809066.85, "trend": 23.324667, "fair_value": 31.690654, "relative_strength": 1.095081, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.253017, "energy": 58.010445, "activity_lines": [ 26.266667, 25.760728, 24.852476, 24.072688 ] }, { "date": "2024-04-05", "close": 26.75, "volume": 2790899, "typical_volume": 1901007.0, "trend": 23.459, "fair_value": 31.66487, "relative_strength": 0.381205, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.657555, "energy": 55.542078, "activity_lines": [ 26.47, 26.045091, 25.110095, 24.293677 ] }, { "date": "2024-04-19", "close": 29.4, "volume": 4180756, "typical_volume": 2074653.15, "trend": 23.644333, "fair_value": 31.65975, "relative_strength": 11.906136, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.696683, "energy": 66.312715, "activity_lines": [ 27.506667, 26.755091, 25.594429, 24.676968 ] }, { "date": "2024-04-26", "close": 27.4, "volume": 4489097, "typical_volume": 2263333.0, "trend": 23.772333, "fair_value": 31.642727, "relative_strength": 6.351438, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.878897, "energy": 54.176193, "activity_lines": [ 27.623333, 26.987273, 25.851143, 24.919269 ] }, { "date": "2024-05-03", "close": 27.75, "volume": 1463868, "typical_volume": 2295752.7, "trend": 23.924, "fair_value": 31.628868, "relative_strength": 6.767966, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.60758, "energy": 51.067571, "activity_lines": [ 27.78, 27.217273, 26.116714, 25.175893 ] }, { "date": "2024-05-10", "close": 28.299999, "volume": 1833794, "typical_volume": 2354733.4, "trend": 24.111333, "fair_value": 31.620678, "relative_strength": 9.382696, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.1574, "energy": 52.174347, "activity_lines": [ 28.016666, 27.495454, 26.411667, 25.458215 ] }, { "date": "2024-05-17", "close": 27.0, "volume": 1571166, "typical_volume": 2385634.65, "trend": 24.29, "fair_value": 31.597722, "relative_strength": 5.13581, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.341341, "energy": 38.625884, "activity_lines": [ 27.71, 27.49, 26.557857, 25.644581 ] }, { "date": "2024-05-24", "close": 26.450001, "volume": 419625, "typical_volume": 2352271.65, "trend": 24.471667, "fair_value": 31.570628, "relative_strength": 4.776865, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.029657, "energy": 27.403187, "activity_lines": [ 27.203333, 27.366364, 26.632143, 25.783936 ] }, { "date": "2024-05-31", "close": 25.4, "volume": 554146, "typical_volume": 2267070.2, "trend": 24.649667, "fair_value": 31.521423, "relative_strength": 5.005688, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.102322, "energy": 15.595664, "activity_lines": [ 26.543333, 27.036364, 26.591238, 25.843828 ] }, { "date": "2024-06-07", "close": 24.360001, "volume": 533579, "typical_volume": 2207159.6, "trend": 24.787667, "fair_value": 31.453078, "relative_strength": 0.381463, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.29285, "energy": 16.443355, "activity_lines": [ 25.67, 26.532727, 26.444048, 25.82514 ] }, { "date": "2024-06-14", "close": 24.48, "volume": 680070, "typical_volume": 2103850.0, "trend": 24.939667, "fair_value": 31.38145, "relative_strength": 1.630683, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.971842, "energy": 20.910826, "activity_lines": [ 25.062667, 26.084364, 26.306572, 25.80529 ] }, { "date": "2024-06-28", "close": 24.24, "volume": 536506, "typical_volume": 2070677.55, "trend": 25.035667, "fair_value": 31.308594, "relative_strength": -1.150056, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.800028, "energy": 31.498295, "activity_lines": [ 24.63, 25.631818, 26.143, 25.760151 ] }, { "date": "2024-07-05", "close": 23.440001, "volume": 682077, "typical_volume": 2041898.9, "trend": 25.097, "fair_value": 31.213461, "relative_strength": -3.549704, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.510815, "energy": 48.774742, "activity_lines": [ 24.114667, 25.079455, 25.900476, 25.657205 ] }, { "date": "2024-07-12", "close": 23.700001, "volume": 545974, "typical_volume": 2016651.65, "trend": 25.145, "fair_value": 31.079149, "relative_strength": -3.354841, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.747142, "energy": 51.69439, "activity_lines": [ 23.886667, 24.682728, 25.681191, 25.567076 ] }, { "date": "2024-07-19", "close": 25.25, "volume": 1169802, "typical_volume": 1961408.05, "trend": 25.222667, "fair_value": 30.936688, "relative_strength": -0.070175, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.173864, "energy": 31.599835, "activity_lines": [ 24.288667, 24.635091, 25.609905, 25.57385 ] }, { "date": "2024-07-26", "close": 25.15, "volume": 949864, "typical_volume": 1777154.9, "trend": 25.292333, "fair_value": 30.754923, "relative_strength": 1.165576, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.249549, "energy": 23.172152, "activity_lines": [ 24.598, 24.614728, 25.527429, 25.569162 ] }, { "date": "2024-08-02", "close": 25.049999, "volume": 785654, "typical_volume": 1688953.3, "trend": 25.364, "fair_value": 30.600578, "relative_strength": 0.759305, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.001276, "energy": 11.655622, "activity_lines": [ 24.829333, 24.633455, 25.438048, 25.553527 ] }, { "date": "2024-08-09", "close": 23.040001, "volume": 887598, "typical_volume": 1638007.75, "trend": 25.356667, "fair_value": 30.414641, "relative_strength": -4.113926, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.599936, "energy": 20.638266, "activity_lines": [ 24.336667, 24.322182, 25.161762, 25.403592 ] }, { "date": "2024-08-16", "close": 23.76, "volume": 629146, "typical_volume": 1579418.85, "trend": 25.352667, "fair_value": 30.240179, "relative_strength": -2.966499, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.724477, "energy": 36.49417, "activity_lines": [ 24.110667, 24.203818, 24.966238, 25.300581 ] }, { "date": "2024-08-23", "close": 24.26, "volume": 777543, "typical_volume": 1414454.75, "trend": 25.361334, "fair_value": 30.077653, "relative_strength": -3.006167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.198478, "energy": 46.296681, "activity_lines": [ 24.047333, 24.206182, 24.830191, 25.230086 ] }, { "date": "2024-08-30", "close": 24.52, "volume": 644639, "typical_volume": 1306290.15, "trend": 25.385334, "fair_value": 29.911804, "relative_strength": -1.512377, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.542321, "energy": 41.449002, "activity_lines": [ 24.136667, 24.257636, 24.728143, 25.175807 ] }, { "date": "2024-09-06", "close": 24.639999, "volume": 1930124, "typical_volume": 1263251.4, "trend": 25.418, "fair_value": 29.757949, "relative_strength": -0.663955, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.702584, "energy": 26.456492, "activity_lines": [ 24.308, 24.330182, 24.647667, 25.127721 ] }, { "date": "2024-09-13", "close": 23.6, "volume": 682819, "typical_volume": 1088354.55, "trend": 25.434, "fair_value": 29.598987, "relative_strength": -2.744792, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.261009, "energy": 30.76828, "activity_lines": [ 24.16, 24.206364, 24.478191, 25.01043 ] }, { "date": "2024-09-20", "close": 23.68, "volume": 492381, "typical_volume": 888518.75, "trend": 25.430667, "fair_value": 29.45644, "relative_strength": -4.278104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.49909, "energy": 32.00519, "activity_lines": [ 24.001333, 24.094182, 24.343952, 24.897269 ] }, { "date": "2024-09-27", "close": 24.879999, "volume": 862303, "typical_volume": 858440.5, "trend": 25.43, "fair_value": 29.304124, "relative_strength": -1.698557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.017914, "energy": 20.762791, "activity_lines": [ 24.248, 24.200545, 24.341714, 24.861742 ] }, { "date": "2024-10-04", "close": 23.4, "volume": 1034834, "typical_volume": 818492.5, "trend": 25.353333, "fair_value": 29.13359, "relative_strength": -4.148197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.69842, "energy": 33.958739, "activity_lines": [ 23.96, 24.044545, 24.21219, 24.730774 ] }, { "date": "2024-10-11", "close": 22.719999, "volume": 713831, "typical_volume": 775625.75, "trend": 25.244, "fair_value": 28.966804, "relative_strength": -7.039468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.0615, "energy": 45.155962, "activity_lines": [ 23.519999, 23.796727, 24.041238, 24.560882 ] }, { "date": "2024-10-18", "close": 22.799999, "volume": 830620, "typical_volume": 796175.5, "trend": 25.150667, "fair_value": 28.807391, "relative_strength": -5.861535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.170608, "energy": 50.995637, "activity_lines": [ 23.234666, 23.605818, 23.898285, 24.403204 ] }, { "date": "2024-10-25", "close": 22.700001, "volume": 389064, "typical_volume": 787921.4, "trend": 25.032333, "fair_value": 28.648896, "relative_strength": -5.98647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.721239, "energy": 65.295511, "activity_lines": [ 22.969333, 23.401091, 23.76319, 24.245097 ] }, { "date": "2024-11-01", "close": 22.74, "volume": 428433, "typical_volume": 782664.1, "trend": 24.917, "fair_value": 28.515913, "relative_strength": -6.816505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.725396, "energy": 64.290132, "activity_lines": [ 22.782667, 23.222909, 23.644762, 24.097204 ] }, { "date": "2024-11-08", "close": 22.6, "volume": 531694, "typical_volume": 775245.3, "trend": 24.782, "fair_value": 28.36083, "relative_strength": -8.16436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.974559, "energy": 67.705943, "activity_lines": [ 22.692, 23.046909, 23.520714, 23.94772 ] }, { "date": "2024-11-15", "close": 21.700001, "volume": 621009, "typical_volume": 779470.45, "trend": 24.613667, "fair_value": 28.208085, "relative_strength": -9.262016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.427458, "energy": 73.976877, "activity_lines": [ 22.354667, 22.742182, 23.319905, 23.748882 ] }, { "date": "2024-11-22", "close": 21.9, "volume": 320799, "typical_volume": 761406.55, "trend": 24.363667, "fair_value": 28.060987, "relative_strength": -8.817754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.039642, "energy": 69.351925, "activity_lines": [ 22.152, 22.527273, 23.150238, 23.573806 ] }, { "date": "2024-11-29", "close": 21.5, "volume": 400525, "typical_volume": 754134.1, "trend": 24.167, "fair_value": 27.916937, "relative_strength": -8.881729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.106825, "energy": 71.154746, "activity_lines": [ 21.876, 22.270546, 22.949809, 23.389054 ] }, { "date": "2024-12-06", "close": 21.799999, "volume": 566462, "typical_volume": 723967.1, "trend": 23.968667, "fair_value": 27.781047, "relative_strength": -9.754896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.209269, "energy": 61.872236, "activity_lines": [ 21.78, 22.108, 22.788428, 23.236344 ] }, { "date": "2024-12-13", "close": 21.940001, "volume": 535982, "typical_volume": 703273.0, "trend": 23.756667, "fair_value": 27.650731, "relative_strength": -10.280687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.73793, "energy": 51.040109, "activity_lines": [ 21.793333, 22.026909, 22.656809, 23.105462 ] }, { "date": "2024-12-20", "close": 21.48, "volume": 787263, "typical_volume": 703353.45, "trend": 23.572667, "fair_value": 27.546464, "relative_strength": -10.432872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.321646, "energy": 50.695658, "activity_lines": [ 21.697333, 21.888727, 22.496667, 22.958581 ] }, { "date": "2024-12-27", "close": 21.34, "volume": 299691, "typical_volume": 673958.1, "trend": 23.402333, "fair_value": 27.452524, "relative_strength": -10.600153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.545507, "energy": 50.100768, "activity_lines": [ 21.569333, 21.747636, 22.34019, 22.814538 ] }, { "date": "2025-01-03", "close": 22.16, "volume": 724975, "typical_volume": 678749.55, "trend": 23.294333, "fair_value": 27.326736, "relative_strength": -8.908197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.885536, "energy": 41.727412, "activity_lines": [ 21.752, 21.782182, 22.269905, 22.734387 ] }, { "date": "2025-01-10", "close": 22.1, "volume": 851924, "typical_volume": 682468.6, "trend": 23.219, "fair_value": 27.174061, "relative_strength": -9.012063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.593776, "energy": 34.405089, "activity_lines": [ 21.870667, 21.815636, 22.201524, 22.657333 ] }, { "date": "2025-01-17", "close": 22.540001, "volume": 807086, "typical_volume": 690590.95, "trend": 23.154333, "fair_value": 27.042914, "relative_strength": -8.287578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.87816, "energy": 22.230452, "activity_lines": [ 22.116, 21.940727, 22.185333, 22.613527 ] }, { "date": "2025-01-24", "close": 22.780001, "volume": 576101, "typical_volume": 622889.8, "trend": 23.105667, "fair_value": 26.908317, "relative_strength": -7.92528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.180251, "energy": 20.436762, "activity_lines": [ 22.401334, 22.110546, 22.201429, 22.589376 ] }, { "date": "2025-01-31", "close": 22.440001, "volume": 992537, "typical_volume": 638375.7, "trend": 23.072333, "fair_value": 26.751585, "relative_strength": -9.589832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.779454, "energy": 16.974738, "activity_lines": [ 22.486667, 22.19891, 22.194, 22.54643 ] }, { "date": "2025-02-07", "close": 22.9, "volume": 1270067, "typical_volume": 677260.0, "trend": 23.045667, "fair_value": 26.583458, "relative_strength": -7.77876, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.818286, "energy": 15.021227, "activity_lines": [ 22.652001, 22.361091, 22.235905, 22.535312 ] }, { "date": "2025-02-14", "close": 21.940001, "volume": 713423, "typical_volume": 669816.0, "trend": 22.935333, "fair_value": 26.41479, "relative_strength": -11.15362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.085599, "energy": 15.042376, "activity_lines": [ 22.448001, 22.323273, 22.190096, 22.463979 ] }, { "date": "2025-02-21", "close": 21.82, "volume": 995784, "typical_volume": 667863.5, "trend": 22.824333, "fair_value": 26.244418, "relative_strength": -11.502102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.208027, "energy": 18.608922, "activity_lines": [ 22.214667, 22.261091, 22.146857, 22.392022 ] }, { "date": "2025-02-28", "close": 21.219999, "volume": 349878, "typical_volume": 649665.85, "trend": 22.696667, "fair_value": 26.074876, "relative_strength": -11.765915, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.704136, "energy": 41.071603, "activity_lines": [ 21.829333, 22.092, 22.054, 22.288516 ] }, { "date": "2025-03-07", "close": 20.700001, "volume": 301951, "typical_volume": 623232.4, "trend": 22.618667, "fair_value": 25.902625, "relative_strength": -11.494792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.931334, "energy": 70.513384, "activity_lines": [ 21.374667, 21.833091, 21.918762, 22.159699 ] }, { "date": "2025-03-14", "close": 21.16, "volume": 309513, "typical_volume": 619254.85, "trend": 22.532, "fair_value": 25.722721, "relative_strength": -8.645157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.727028, "energy": 67.945737, "activity_lines": [ 21.189333, 21.669455, 21.837334, 22.065592 ] }, { "date": "2025-03-21", "close": 20.879999, "volume": 242285, "typical_volume": 609947.45, "trend": 22.419333, "fair_value": 25.566902, "relative_strength": -9.890047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.399274, "energy": 73.112759, "activity_lines": [ 21.026666, 21.473091, 21.736572, 21.959011 ] }, { "date": "2025-03-28", "close": 21.379999, "volume": 253928, "typical_volume": 596059.15, "trend": 22.314667, "fair_value": 25.430502, "relative_strength": -9.512378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.573236, "energy": 60.350354, "activity_lines": [ 21.101333, 21.389818, 21.692286, 21.891957 ] }, { "date": "2025-04-04", "close": 21.379999, "volume": 0, "typical_volume": 565008.7, "trend": 22.206, "fair_value": 25.295661, "relative_strength": -8.21065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.645732, "energy": 39.285348, "activity_lines": [ 21.205333, 21.327636, 21.653809, 21.831656 ] }, { "date": "2025-04-11", "close": 18.639999, "volume": 1047015, "typical_volume": 601319.5, "trend": 22.040667, "fair_value": 25.158846, "relative_strength": -16.92182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.915713, "energy": 70.185269, "activity_lines": [ 20.385332, 20.792727, 21.355905, 21.601591 ] }, { "date": "2025-04-18", "close": 20.16, "volume": 562973, "typical_volume": 609441.9, "trend": 21.923333, "fair_value": 25.021485, "relative_strength": -10.220499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.326056, "energy": 53.996069, "activity_lines": [ 20.209333, 20.603272, 21.218286, 21.480258 ] }, { "date": "2025-04-25", "close": 20.42, "volume": 838912, "typical_volume": 623064.4, "trend": 21.774667, "fair_value": 24.887973, "relative_strength": -10.149345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.462413, "energy": 54.997858, "activity_lines": [ 20.186666, 20.510909, 21.111809, 21.383269 ] }, { "date": "2025-05-02", "close": 20.6, "volume": 853190, "typical_volume": 638924.8, "trend": 21.681333, "fair_value": 24.763099, "relative_strength": -7.207242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.578875, "energy": 52.790866, "activity_lines": [ 20.254666, 20.478909, 21.029047, 21.307484 ] }, { "date": "2025-05-09", "close": 20.200001, "volume": 388529, "typical_volume": 618988.1, "trend": 21.597333, "fair_value": 24.636907, "relative_strength": -7.135795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.750681, "energy": 37.280842, "activity_lines": [ 20.241334, 20.396364, 20.914571, 21.211914 ] }, { "date": "2025-05-16", "close": 21.0, "volume": 1069408, "typical_volume": 657473.95, "trend": 21.537333, "fair_value": 24.518338, "relative_strength": -4.016296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.7568, "energy": 22.265548, "activity_lines": [ 20.573334, 20.477818, 20.882381, 21.173376 ] }, { "date": "2025-05-23", "close": 20.1, "volume": 997724, "typical_volume": 671111.4, "trend": 21.450667, "fair_value": 24.396807, "relative_strength": -5.298292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.573255, "energy": 24.413819, "activity_lines": [ 20.448, 20.390182, 20.766095, 21.080645 ] }, { "date": "2025-05-30", "close": 19.780001, "volume": 457972, "typical_volume": 651413.8, "trend": 21.352, "fair_value": 24.290684, "relative_strength": -4.732929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.411649, "energy": 32.621738, "activity_lines": [ 20.22, 20.263637, 20.629143, 20.97286 ] }, { "date": "2025-06-06", "close": 18.700001, "volume": 322800, "typical_volume": 627199.5, "trend": 21.222, "fair_value": 24.182628, "relative_strength": -9.581896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.374175, "energy": 45.034476, "activity_lines": [ 19.674667, 19.960728, 20.400381, 20.801764 ] }, { "date": "2025-06-13", "close": 17.299999, "volume": 290011, "typical_volume": 612895.0, "trend": 21.075333, "fair_value": 24.064038, "relative_strength": -14.642251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.769828, "energy": 79.989143, "activity_lines": [ 18.789333, 19.452, 20.056571, 20.548731 ] }, { "date": "2025-06-20", "close": 18.48, "volume": 1575690, "typical_volume": 642052.65, "trend": 20.961333, "fair_value": 23.941795, "relative_strength": -6.469167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.37049, "energy": 67.911507, "activity_lines": [ 18.490667, 19.232, 19.851238, 20.38129 ] }, { "date": "2025-06-27", "close": 22.4, "volume": 2150296, "typical_volume": 686064.1, "trend": 20.991333, "fair_value": 23.853974, "relative_strength": 8.732006, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.134847, "energy": 22.772069, "activity_lines": [ 19.666667, 19.727637, 20.038095, 20.474108 ] }, { "date": "2025-07-04", "close": 22.74, "volume": 2637654, "typical_volume": 782275.65, "trend": 21.022667, "fair_value": 23.830513, "relative_strength": 8.639651, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.220888, "energy": 8.957807, "activity_lines": [ 20.802667, 20.244364, 20.259714, 20.586925 ] }, { "date": "2025-07-11", "close": 22.290001, "volume": 1474895, "typical_volume": 806231.2, "trend": 21.034333, "fair_value": 23.832372, "relative_strength": 6.219659, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 21.563624, "energy": 28.647361, "activity_lines": [ 21.591334, 20.637091, 20.434667, 20.668688 ] }, { "date": "2025-07-18", "close": 21.83, "volume": 680012, "typical_volume": 822737.9, "trend": 21.046, "fair_value": 23.802756, "relative_strength": 6.676133, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.269992, "energy": 33.263736, "activity_lines": [ 21.987334, 20.915455, 20.563572, 20.720022 ] }, { "date": "2025-07-25", "close": 21.5, "volume": 1014811, "typical_volume": 858380.9, "trend": 21.051333, "fair_value": 23.769423, "relative_strength": 5.789792, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.104279, "energy": 40.885753, "activity_lines": [ 21.971334, 21.104182, 20.658143, 20.749312 ] }, { "date": "2025-08-01", "close": 21.309999, "volume": 1546973, "typical_volume": 920253.9, "trend": 21.023, "fair_value": 23.742244, "relative_strength": 5.239722, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.478096, "energy": 30.068169, "activity_lines": [ 21.690666, 21.249273, 20.73081, 20.766 ] }, { "date": "2025-08-08", "close": 21.1, "volume": 484400, "typical_volume": 932359.65, "trend": 20.989667, "fair_value": 23.710513, "relative_strength": 4.154942, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.342272, "energy": 14.035004, "activity_lines": [ 21.412666, 21.334182, 20.782762, 20.770968 ] }, { "date": "2025-08-15", "close": 19.77, "volume": 690366, "typical_volume": 954181.55, "trend": 20.897333, "fair_value": 23.667051, "relative_strength": -1.365899, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.94252, "energy": 9.731769, "activity_lines": [ 20.800666, 21.153273, 20.707, 20.69228 ] }, { "date": "2025-08-22", "close": 19.790001, "volume": 286582, "typical_volume": 968510.65, "trend": 20.797667, "fair_value": 23.599038, "relative_strength": -1.39564, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.429687, "energy": 16.460693, "activity_lines": [ 20.363334, 20.956546, 20.64081, 20.620839 ] }, { "date": "2025-08-29", "close": 19.530001, "volume": 374373, "typical_volume": 934878.55, "trend": 20.700667, "fair_value": 23.527115, "relative_strength": -1.266653, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.117328, "energy": 27.507957, "activity_lines": [ 19.975334, 20.667273, 20.557429, 20.539054 ] }, { "date": "2025-09-05", "close": 18.75, "volume": 376875, "typical_volume": 925573.65, "trend": 20.562333, "fair_value": 23.455, "relative_strength": -4.251076, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.177101, "energy": 50.954138, "activity_lines": [ 19.458667, 20.217091, 20.395524, 20.413204 ] }, { "date": "2025-09-12", "close": 17.73, "volume": 372474, "typical_volume": 902251.75, "trend": 20.422, "fair_value": 23.380833, "relative_strength": -7.418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.160615, "energy": 68.449112, "activity_lines": [ 18.772667, 19.647818, 20.143191, 20.230473 ] }, { "date": "2025-09-19", "close": 20.1, "volume": 2022430, "typical_volume": 960713.75, "trend": 20.364667, "fair_value": 23.316731, "relative_strength": 1.870261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.590916, "energy": 52.687245, "activity_lines": [ 19.101334, 19.600546, 20.129381, 20.209699 ] }, { "date": "2025-09-26", "close": 20.9, "volume": 938894, "typical_volume": 988232.0, "trend": 20.354, "fair_value": 23.265449, "relative_strength": 1.156977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.966607, "energy": 27.970258, "activity_lines": [ 19.674667, 19.738546, 20.194143, 20.244237 ] }, { "date": "2025-10-03", "close": 20.48, "volume": 661762, "typical_volume": 967849.7, "trend": 20.346667, "fair_value": 23.216923, "relative_strength": -2.313207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.746049, "energy": 14.019203, "activity_lines": [ 20.034, 19.817091, 20.215572, 20.252366 ] }, { "date": "2025-10-10", "close": 20.51, "volume": 1419276, "typical_volume": 988927.3, "trend": 20.325, "fair_value": 23.182051, "relative_strength": -2.783174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.962062, "energy": 14.117055, "activity_lines": [ 20.34, 19.919636, 20.242333, 20.262903 ] }, { "date": "2025-10-17", "close": 19.91, "volume": 503586, "typical_volume": 991208.0, "trend": 20.292667, "fair_value": 23.144936, "relative_strength": -6.330842, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.821198, "energy": 13.930704, "activity_lines": [ 20.328667, 19.927636, 20.21, 20.236129 ] }, { "date": "2025-10-24", "close": 19.379999, "volume": 299211, "typical_volume": 990028.55, "trend": 20.226, "fair_value": 23.099295, "relative_strength": -7.923032, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.984627, "energy": 17.038603, "activity_lines": [ 19.995333, 19.860909, 20.126571, 20.177247 ] }, { "date": "2025-10-31", "close": 19.32, "volume": 303668, "typical_volume": 990711.4, "trend": 20.157333, "fair_value": 23.056474, "relative_strength": -8.32838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.300023, "energy": 25.948732, "activity_lines": [ 19.69, 19.790363, 20.03419, 20.118796 ] }, { "date": "2025-11-07", "close": 19.1, "volume": 261550, "typical_volume": 925004.4, "trend": 20.172667, "fair_value": 23.008077, "relative_strength": -6.365331, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.456985, "energy": 41.450075, "activity_lines": [ 19.416666, 19.688363, 19.911238, 20.050581 ] }, { "date": "2025-11-14", "close": 18.549999, "volume": 576762, "typical_volume": 846327.7, "trend": 20.119, "fair_value": 22.96032, "relative_strength": -7.869696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.98496, "energy": 57.081057, "activity_lines": [ 19.052, 19.494182, 19.732952, 19.945892 ] }, { "date": "2025-11-21", "close": 18.290001, "volume": 349368, "typical_volume": 731913.4, "trend": 20.048, "fair_value": 22.910577, "relative_strength": -7.597068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.917721, "energy": 63.548239, "activity_lines": [ 18.731333, 19.256364, 19.548238, 19.827893 ] }, { "date": "2025-11-28", "close": 18.01, "volume": 244850, "typical_volume": 670411.15, "trend": 19.961667, "fair_value": 22.872564, "relative_strength": -5.69229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.350452, "energy": 67.119456, "activity_lines": [ 18.425333, 18.957454, 19.358048, 19.696409 ] }, { "date": "2025-12-05", "close": 16.440001, "volume": 595114, "typical_volume": 666166.25, "trend": 19.836333, "fair_value": 22.823462, "relative_strength": -13.536643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.920208, "energy": 79.233143, "activity_lines": [ 17.687334, 18.411091, 19.038714, 19.469204 ] }, { "date": "2025-12-12", "close": 16.459999, "volume": 259073, "typical_volume": 628379.35, "trend": 19.685, "fair_value": 22.781026, "relative_strength": -13.900557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.638687, "energy": 81.788462, "activity_lines": [ 17.148, 17.949454, 18.746952, 19.251376 ] }, { "date": "2025-12-19", "close": 15.38, "volume": 374678, "typical_volume": 569764.6, "trend": 19.527667, "fair_value": 22.726026, "relative_strength": -17.205806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.849838, "energy": 94.663412, "activity_lines": [ 16.424667, 17.364545, 18.376333, 18.973634 ] }, { "date": "2025-12-26", "close": 14.55, "volume": 499026, "typical_volume": 570495.9, "trend": 19.353333, "fair_value": 22.671603, "relative_strength": -21.885577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.268957, "energy": 95.962835, "activity_lines": [ 15.636, 16.722, 17.954905, 18.652495 ] }, { "date": "2026-01-02", "close": 15.5, "volume": 729963, "typical_volume": 572475.75, "trend": 19.246667, "fair_value": 22.627372, "relative_strength": -16.639005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.945476, "energy": 87.54291, "activity_lines": [ 15.413333, 16.349636, 17.655143, 18.403892 ] }, { "date": "2026-01-09", "close": 15.25, "volume": 734408, "typical_volume": 594867.05, "trend": 19.178333, "fair_value": 22.581795, "relative_strength": -17.054087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.33087, "energy": 86.957893, "activity_lines": [ 15.274667, 16.002364, 17.351905, 18.146043 ] }, { "date": "2026-01-16", "close": 15.9, "volume": 465800, "typical_volume": 599438.4, "trend": 19.092333, "fair_value": 22.541282, "relative_strength": -15.937184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.22062, "energy": 63.575559, "activity_lines": [ 15.432, 15.847273, 17.13219, 17.934538 ] }, { "date": "2026-01-23", "close": 16.190001, "volume": 277295, "typical_volume": 594459.4, "trend": 18.885333, "fair_value": 22.495577, "relative_strength": -16.469594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.849363, "energy": 52.944263, "activity_lines": [ 15.723334, 15.803091, 16.957381, 17.74729 ] }, { "date": "2026-01-30", "close": 15.45, "volume": 500043, "typical_volume": 600837.85, "trend": 18.642333, "fair_value": 22.442308, "relative_strength": -21.638316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.522048, "energy": 45.960771, "activity_lines": [ 15.714, 15.667273, 16.724286, 17.525656 ] }, { "date": "2026-02-06", "close": 14.95, "volume": 374403, "typical_volume": 518436.5, "trend": 18.397667, "fair_value": 22.384936, "relative_strength": -22.428536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.332358, "energy": 50.431359, "activity_lines": [ 15.478, 15.492182, 16.454429, 17.287441 ] }, { "date": "2026-02-13", "close": 14.97, "volume": 290097, "typical_volume": 485996.65, "trend": 18.169, "fair_value": 22.324103, "relative_strength": -22.378005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.991301, "energy": 52.746895, "activity_lines": [ 15.285333, 15.376364, 16.211, 17.066301 ] }, { "date": "2026-02-20", "close": 14.81, "volume": 1105953, "typical_volume": 508206.2, "trend": 17.946, "fair_value": 22.265962, "relative_strength": -20.707794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.185222, "energy": 54.348953, "activity_lines": [ 15.058, 15.258182, 15.980571, 16.849591 ] }, { "date": "2026-02-27", "close": 13.91, "volume": 448772, "typical_volume": 459681.0, "trend": 17.699333, "fair_value": 22.207692, "relative_strength": -23.478992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.700342, "energy": 65.766253, "activity_lines": [ 14.603333, 15.006364, 15.691429, 16.589204 ] }, { "date": "2026-03-06", "close": 14.07, "volume": 479146, "typical_volume": 458459.0, "trend": 17.465, "fair_value": 22.153654, "relative_strength": -22.690588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.050144, "energy": 69.280712, "activity_lines": [ 14.354, 14.810364, 15.448952, 16.355054 ] }, { "date": "2026-03-13", "close": 14.25, "volume": 167562, "typical_volume": 451876.55, "trend": 17.281, "fair_value": 22.104231, "relative_strength": -22.101838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.814138, "energy": 60.608472, "activity_lines": [ 14.256667, 14.655818, 15.251429, 16.147634 ] }, { "date": "2026-03-20", "close": 14.68, "volume": 87912, "typical_volume": 441088.75, "trend": 17.110667, "fair_value": 22.05641, "relative_strength": -19.740481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.29403, "energy": 53.488681, "activity_lines": [ 14.349333, 14.602182, 15.119286, 15.979828 ] }, { "date": "2026-03-27", "close": 15.1, "volume": 213632, "typical_volume": 438692.85, "trend": 16.963, "fair_value": 22.013846, "relative_strength": -18.124298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.855408, "energy": 42.639299, "activity_lines": [ 14.601333, 14.635273, 15.049238, 15.850108 ] }, { "date": "2026-04-03", "close": 14.61, "volume": 384885, "typical_volume": 429099.0, "trend": 16.825, "fair_value": 21.974167, "relative_strength": -21.577001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.760493, "energy": 33.223705, "activity_lines": [ 14.670667, 14.593818, 14.951571, 15.698301 ] }, { "date": "2026-04-10", "close": 14.52, "volume": 517593, "typical_volume": 437510.25, "trend": 16.718, "fair_value": 21.931218, "relative_strength": -22.266159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.650603, "energy": 29.156306, "activity_lines": [ 14.663333, 14.564727, 14.864095, 15.549591 ] }, { "date": "2026-04-17", "close": 14.9, "volume": 684000, "typical_volume": 459467.75, "trend": 16.544667, "fair_value": 21.882244, "relative_strength": -21.269718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.803332, "energy": 24.376815, "activity_lines": [ 14.752667, 14.621636, 14.830762, 15.432301 ] }, { "date": "2026-04-24", "close": 14.12, "volume": 303336, "typical_volume": 444878.85, "trend": 16.318667, "fair_value": 21.822756, "relative_strength": -21.979828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.522079, "energy": 32.832841, "activity_lines": [ 14.538667, 14.537636, 14.737952, 15.275871 ] }, { "date": "2026-05-01", "close": 14.91, "volume": 1580940, "typical_volume": 510972.2, "trend": 16.133, "fair_value": 21.764872, "relative_strength": -17.750896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.639049, "energy": 24.887707, "activity_lines": [ 14.625333, 14.612727, 14.731429, 15.184989 ] }, { "date": "2026-05-08", "close": 14.87, "volume": 482162, "typical_volume": 516346.4, "trend": 15.945, "fair_value": 21.705962, "relative_strength": -16.382735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.525116, "energy": 19.93445, "activity_lines": [ 14.711333, 14.678727, 14.728476, 15.103505 ] }, { "date": "2026-05-15", "close": 14.25, "volume": 682988, "typical_volume": 525544.5, "trend": 15.756333, "fair_value": 21.638333, "relative_strength": -19.093739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.900306, "energy": 29.968124, "activity_lines": [ 14.573333, 14.614545, 14.668905, 14.994151 ] }, { "date": "2026-05-22", "close": 13.99, "volume": 300406, "typical_volume": 504066.65, "trend": 15.576667, "fair_value": 21.567115, "relative_strength": -20.296087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.916014, "energy": 33.196366, "activity_lines": [ 14.366667, 14.499818, 14.586, 14.880194 ] }, { "date": "2026-05-29", "close": 13.99, "volume": 0, "typical_volume": 467346.25, "trend": 15.399, "fair_value": 21.492372, "relative_strength": -19.781337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.107565, "energy": 46.901089, "activity_lines": [ 14.220667, 14.389818, 14.510286, 14.777828 ] }, { "date": "2026-06-05", "close": 14.19, "volume": 323968, "typical_volume": 460254.65, "trend": 15.235333, "fair_value": 21.416667, "relative_strength": -17.952712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.458676, "energy": 55.048056, "activity_lines": [ 14.15, 14.328727, 14.459619, 14.699828 ] }, { "date": "2026-06-12", "close": 14.13, "volume": 349667, "typical_volume": 463873.25, "trend": 15.088, "fair_value": 21.342821, "relative_strength": -18.365805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.914131, "energy": 52.955642, "activity_lines": [ 14.107333, 14.273273, 14.411381, 14.628516 ] }, { "date": "2026-06-19", "close": 14.04, "volume": 541334, "typical_volume": 465937.8, "trend": 14.946333, "fair_value": 21.266154, "relative_strength": -18.986535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.43446, "energy": 42.74766, "activity_lines": [ 14.084, 14.210182, 14.364381, 14.560903 ] }, { "date": "2026-06-26", "close": 14.0, "volume": 469221, "typical_volume": 470678.7, "trend": 14.812667, "fair_value": 21.189231, "relative_strength": -17.06829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.319889, "energy": 35.860191, "activity_lines": [ 14.061333, 14.148545, 14.320286, 14.499849 ] }, { "date": "2026-07-03", "close": 14.62, "volume": 1179172, "typical_volume": 515132.45, "trend": 14.752, "fair_value": 21.111154, "relative_strength": -11.807572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.618345, "energy": 18.896138, "activity_lines": [ 14.244667, 14.216, 14.339762, 14.487419 ] }, { "date": "2026-07-10", "close": 14.36, "volume": 1360705, "typical_volume": 527870.05, "trend": 14.682, "fair_value": 21.036538, "relative_strength": -12.51526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.50215, "energy": 15.613195, "activity_lines": [ 14.299333, 14.227091, 14.336143, 14.462129 ] }, { "date": "2026-07-17", "close": 14.06, "volume": 366100, "typical_volume": 523736.45, "trend": 14.638, "fair_value": 20.947821, "relative_strength": -12.897675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.121921, "energy": 17.539183, "activity_lines": [ 14.242667, 14.193636, 14.306095, 14.422 ] }, { "date": "2026-07-24", "close": 14.01, "volume": 317887, "typical_volume": 515673.5, "trend": 14.62, "fair_value": 20.8575, "relative_strength": -13.053412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.085939, "energy": 18.418636, "activity_lines": [ 14.174, 14.165818, 14.270571, 14.381484 ] }, { "date": "2026-07-31", "close": 13.88, "volume": 210108, "typical_volume": 517800.8, "trend": 14.566, "fair_value": 20.776923, "relative_strength": -11.403029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.828636, "energy": 33.637423, "activity_lines": [ 14.064, 14.118727, 14.222952, 14.333742 ] }, { "date": "2026-08-07", "close": 14.17, "volume": 542157, "typical_volume": 540513.05, "trend": 14.53, "fair_value": 20.700449, "relative_strength": -10.933113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.461373, "energy": 31.84329, "activity_lines": [ 14.058667, 14.126364, 14.204714, 14.308194 ] } ], "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." } } }