{ "ticker": { "uuid": "84c0b685-44aa-4667-924f-bb7fc22ba6ad", "symbol": "VISC", "name": "Gruvaktiebolaget Viscaria", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.968, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 9.094, "architecture_energy": 11.225, "architecture_maturity": 40.301, "architecture_confidence": 91.197, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 72.7, "rotation_up": 33.68, "upward_expansion": 34.8, "deceleration": 30.94, "rotation_down": 24.94, "downward_expansion": 45.46 }, "activity_lines": [ 17.049333, 16.709455, 16.647238, 16.674645 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 18.9, "trend_reference": 17.123333, "distance_from_trend": 0.103757, "trend_direction": "Improving", "fair_value": 19.982465, "distance_from_fair_value": -0.054171, "fair_value_direction": "Improving", "relative_strength": 0.620976, "relative_strength_direction": "Improving", "price_momentum": 0.032787, "excess_performance": -0.028707, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.103757, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01798, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.054171, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.098389, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00621, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.060066, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.032787, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.503273, "read": "Demand-led" } ], "volume": { "latest": 4955158, "relative_activity": 1.451891, "balance": 1.503273, "dry_up": 1.040326, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.090354, "annualized_volatility": 0.506453, "from_high_reference": -0.171053, "from_low_reference": 0.715064 }, "levels": { "trend_reference": 17.123333, "fair_value_reference": 19.982465, "structural_low": 12.9, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.035842, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.046176, "regime_survival": 0.52381, "best_return": 0.230769, "worst_return": -0.171429, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.108912, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.104349, "regime_survival": 0.3, "best_return": 0.13073, "worst_return": -0.243457, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.098468, "positive_rate": 0.142857, "directional_follow_through": 0.142857, "median_excess_return": -0.172163, "regime_survival": 0.571429, "best_return": 0.433757, "worst_return": -0.247887, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.117539, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.243364, "regime_survival": 0.5, "best_return": 0.316667, "worst_return": -0.226432, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-02-07", "tenure": "Developing", "return": -0.08169, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": -0.030769, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.018362, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.147132, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": -0.141026, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": -0.004706, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2025-10-10", "tenure": "Established", "return": -0.028235, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-17", "end": "2025-11-28", "tenure": "Developing", "return": -0.394799, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2025-12-26", "tenure": "New", "return": 0.477977, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.032099, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": -0.124819, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.203271, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.240715, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.096288, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.959999, "volume": 214002, "typical_volume": 412189.45, "trend": 27.330667, "fair_value": 22.348347, "relative_strength": -15.854294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.32255, "energy": 51.257695, "activity_lines": [ 22.922666, 23.286545, 24.529714, 25.751914 ] }, { "date": "2023-08-25", "close": 21.76, "volume": 215061, "typical_volume": 381700.85, "trend": 26.990667, "fair_value": 22.39427, "relative_strength": -16.503778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.43022, "energy": 68.279315, "activity_lines": [ 22.434666, 22.939636, 24.118667, 25.392516 ] }, { "date": "2023-09-01", "close": 22.879999, "volume": 410925, "typical_volume": 371366.2, "trend": 26.673333, "fair_value": 22.453015, "relative_strength": -13.589857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.185904, "energy": 57.539107, "activity_lines": [ 22.429333, 22.866909, 23.861143, 25.127312 ] }, { "date": "2023-09-08", "close": 22.280001, "volume": 161349, "typical_volume": 353577.85, "trend": 26.410667, "fair_value": 22.495386, "relative_strength": -15.382529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.145119, "energy": 49.276688, "activity_lines": [ 22.325333, 22.712727, 23.594667, 24.843871 ] }, { "date": "2023-09-15", "close": 22.799999, "volume": 201941, "typical_volume": 335883.8, "trend": 26.209333, "fair_value": 22.536125, "relative_strength": -13.949617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.245373, "energy": 41.288946, "activity_lines": [ 22.482666, 22.68, 23.410666, 24.610925 ] }, { "date": "2023-09-22", "close": 22.68, "volume": 144639, "typical_volume": 330856.0, "trend": 25.969333, "fair_value": 22.579818, "relative_strength": -13.111851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.720982, "energy": 35.800579, "activity_lines": [ 22.597333, 22.632727, 23.244571, 24.383226 ] }, { "date": "2023-09-29", "close": 24.4, "volume": 204824, "typical_volume": 323097.9, "trend": 25.776, "fair_value": 22.642551, "relative_strength": -6.002338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.447187, "energy": 21.240697, "activity_lines": [ 23.237333, 22.914182, 23.270667, 24.281978 ] }, { "date": "2023-10-06", "close": 24.040001, "volume": 207223, "typical_volume": 322999.65, "trend": 25.616, "fair_value": 22.707491, "relative_strength": -7.20652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.370024, "energy": 18.23895, "activity_lines": [ 23.581334, 23.112, 23.281524, 24.169978 ] }, { "date": "2023-10-13", "close": 22.6, "volume": 217690, "typical_volume": 299726.95, "trend": 25.372, "fair_value": 22.765909, "relative_strength": -13.956921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.168574, "energy": 19.15306, "activity_lines": [ 23.368, 23.054545, 23.174476, 23.975398 ] }, { "date": "2023-10-20", "close": 21.6, "volume": 227886, "typical_volume": 294251.6, "trend": 25.150667, "fair_value": 22.817013, "relative_strength": -12.93697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.739668, "energy": 26.679967, "activity_lines": [ 22.8, 22.833455, 22.988, 23.732043 ] }, { "date": "2023-10-27", "close": 21.148001, "volume": 116170, "typical_volume": 287404.75, "trend": 24.9236, "fair_value": 22.869058, "relative_strength": -13.266405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.980716, "energy": 39.849212, "activity_lines": [ 22.161334, 22.551273, 22.776, 23.473806 ] }, { "date": "2023-11-03", "close": 21.4, "volume": 95171, "typical_volume": 280581.15, "trend": 24.5836, "fair_value": 22.921702, "relative_strength": -15.065774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.256182, "energy": 56.472959, "activity_lines": [ 21.7088, 22.329673, 22.609962, 23.246477 ] }, { "date": "2023-11-10", "close": 21.360001, "volume": 238525, "typical_volume": 257562.6, "trend": 24.1956, "fair_value": 22.974315, "relative_strength": -14.537689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.197675, "energy": 55.524774, "activity_lines": [ 21.442934, 22.107346, 22.460305, 23.038503 ] }, { "date": "2023-11-17", "close": 23.120001, "volume": 202224, "typical_volume": 237442.65, "trend": 23.992933, "fair_value": 23.044305, "relative_strength": -10.679791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.55668, "energy": 31.468084, "activity_lines": [ 21.942401, 22.232655, 22.492743, 22.96911 ] }, { "date": "2023-11-24", "close": 23.799999, "volume": 181058, "typical_volume": 225741.5, "trend": 23.820933, "fair_value": 23.120347, "relative_strength": -9.045405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.308774, "energy": 11.204117, "activity_lines": [ 22.633867, 22.466328, 22.592991, 22.956662 ] }, { "date": "2023-12-01", "close": 23.200001, "volume": 219344, "typical_volume": 218174.95, "trend": 23.6396, "fair_value": 23.188593, "relative_strength": -11.912461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.676209, "energy": 14.506484, "activity_lines": [ 22.978667, 22.572728, 22.633238, 22.916602 ] }, { "date": "2023-12-08", "close": 25.799999, "volume": 596630, "typical_volume": 233049.4, "trend": 23.552933, "fair_value": 23.272715, "relative_strength": -4.522933, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.027415, "energy": 29.53515, "activity_lines": [ 24.053333, 23.1424, 22.922819, 23.055983 ] }, { "date": "2023-12-15", "close": 23.885, "volume": 543524, "typical_volume": 241153.05, "trend": 23.4131, "fair_value": 23.340273, "relative_strength": -14.082913, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.473728, "energy": 23.53804, "activity_lines": [ 24.196333, 23.338436, 23.018591, 23.077407 ] }, { "date": "2023-12-22", "close": 22.25, "volume": 278879, "typical_volume": 242321.65, "trend": 23.290767, "fair_value": 23.392722, "relative_strength": -19.237512, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.49568, "energy": 12.202713, "activity_lines": [ 23.626, 23.240018, 22.9611, 23.002368 ] }, { "date": "2023-12-29", "close": 24.52, "volume": 229256, "typical_volume": 245316.05, "trend": 23.265433, "fair_value": 23.45566, "relative_strength": -11.446122, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.530415, "energy": 24.583488, "activity_lines": [ 23.870333, 23.560691, 23.126229, 23.081673 ] }, { "date": "2024-01-05", "close": 24.799999, "volume": 113732, "typical_volume": 240302.55, "trend": 23.233433, "fair_value": 23.529891, "relative_strength": -7.94319, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.063751, "energy": 17.388268, "activity_lines": [ 24.16, 23.879182, 23.309643, 23.180677 ] }, { "date": "2024-01-12", "close": 24.459999, "volume": 123031, "typical_volume": 235701.05, "trend": 23.1941, "fair_value": 23.601429, "relative_strength": -9.724712, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.402981, "energy": 25.798962, "activity_lines": [ 24.229666, 24.069454, 23.447152, 23.259811 ] }, { "date": "2024-01-19", "close": 23.885, "volume": 202517, "typical_volume": 225280.65, "trend": 23.176933, "fair_value": 23.663641, "relative_strength": -9.406826, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.910207, "energy": 32.625717, "activity_lines": [ 24.197, 24.099545, 23.517043, 23.304385 ] }, { "date": "2024-01-26", "close": 25.299999, "volume": 306788, "typical_volume": 232552.6, "trend": 23.228267, "fair_value": 23.733641, "relative_strength": -6.35469, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.172611, "energy": 40.198116, "activity_lines": [ 24.635999, 24.341, 23.716909, 23.441357 ] }, { "date": "2024-02-02", "close": 25.75, "volume": 386602, "typical_volume": 241785.65, "trend": 23.313267, "fair_value": 23.801269, "relative_strength": -4.073986, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.672479, "energy": 43.782253, "activity_lines": [ 25.021666, 24.624636, 23.945252, 23.604049 ] }, { "date": "2024-02-09", "close": 25.4, "volume": 182861, "typical_volume": 243696.75, "trend": 23.3746, "fair_value": 23.867936, "relative_strength": -4.283183, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.678026, "energy": 46.893527, "activity_lines": [ 25.208666, 24.809181, 24.126214, 23.738677 ] }, { "date": "2024-02-16", "close": 23.450001, "volume": 339896, "typical_volume": 250450.35, "trend": 23.376267, "fair_value": 23.917487, "relative_strength": -13.247661, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.978271, "energy": 30.07566, "activity_lines": [ 24.705667, 24.599182, 24.108509, 23.743542 ] }, { "date": "2024-02-23", "close": 24.700001, "volume": 575882, "typical_volume": 268883.3, "trend": 23.386267, "fair_value": 23.972872, "relative_strength": -9.088941, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.074323, "energy": 23.924448, "activity_lines": [ 24.686667, 24.659182, 24.214376, 23.828944 ] }, { "date": "2024-03-01", "close": 26.4, "volume": 675858, "typical_volume": 291791.7, "trend": 23.4796, "fair_value": 24.030179, "relative_strength": -3.413535, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.237224, "energy": 30.368018, "activity_lines": [ 25.18, 25.013455, 24.479005, 24.023379 ] }, { "date": "2024-03-08", "close": 24.549999, "volume": 282101, "typical_volume": 294502.45, "trend": 23.539267, "fair_value": 24.084474, "relative_strength": -10.619254, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.197874, "energy": 22.088972, "activity_lines": [ 24.983333, 24.955909, 24.549348, 24.092437 ] }, { "date": "2024-03-15", "close": 23.450001, "volume": 283938, "typical_volume": 302890.85, "trend": 23.588933, "fair_value": 24.132487, "relative_strength": -15.424038, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.831498, "energy": 13.489156, "activity_lines": [ 24.5, 24.697818, 24.500881, 24.086677 ] }, { "date": "2024-03-22", "close": 22.75, "volume": 461551, "typical_volume": 321209.85, "trend": 23.621933, "fair_value": 24.175756, "relative_strength": -17.310936, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.541308, "energy": 5.31224, "activity_lines": [ 23.913333, 24.337, 24.374786, 24.032553 ] }, { "date": "2024-03-29", "close": 22.9, "volume": 224328, "typical_volume": 320500.0, "trend": 23.6226, "fair_value": 24.210115, "relative_strength": -15.715025, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.269158, "energy": 20.094358, "activity_lines": [ 23.423333, 24.034546, 24.256548, 23.985976 ] }, { "date": "2024-04-05", "close": 25.049999, "volume": 431203, "typical_volume": 331948.95, "trend": 23.714933, "fair_value": 24.259923, "relative_strength": -6.562666, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.784556, "energy": 16.80738, "activity_lines": [ 23.77, 24.140909, 24.335738, 24.078067 ] }, { "date": "2024-04-12", "close": 25.799999, "volume": 574052, "typical_volume": 351598.65, "trend": 23.814933, "fair_value": 24.31582, "relative_strength": -3.086722, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.77518, "energy": 15.903048, "activity_lines": [ 24.456666, 24.388182, 24.477166, 24.212587 ] }, { "date": "2024-04-19", "close": 28.0, "volume": 1671702, "typical_volume": 424216.55, "trend": 23.992267, "fair_value": 24.384538, "relative_strength": 5.730165, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.894062, "energy": 47.986483, "activity_lines": [ 25.793333, 25.034545, 24.818595, 24.482591 ] }, { "date": "2024-04-26", "close": 30.75, "volume": 886509, "typical_volume": 438710.5, "trend": 24.203933, "fair_value": 24.471013, "relative_strength": 13.740152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.100803, "energy": 71.765474, "activity_lines": [ 27.743333, 26.133636, 25.399071, 24.918574 ] }, { "date": "2024-05-03", "close": 29.200001, "volume": 738748, "typical_volume": 448471.7, "trend": 24.375933, "fair_value": 24.549218, "relative_strength": 9.011432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.01291, "energy": 72.414387, "activity_lines": [ 28.643333, 26.818182, 25.808357, 25.240901 ] }, { "date": "2024-05-10", "close": 23.049999, "volume": 3412980, "typical_volume": 605176.75, "trend": 24.390933, "fair_value": 24.586974, "relative_strength": -16.222559, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.359047, "energy": 44.461907, "activity_lines": [ 27.073333, 26.302727, 25.606619, 25.155357 ] }, { "date": "2024-05-17", "close": 23.200001, "volume": 1473378, "typical_volume": 667382.85, "trend": 24.444267, "fair_value": 24.627487, "relative_strength": -14.317495, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.657951, "energy": 13.562638, "activity_lines": [ 25.686667, 25.875455, 25.415357, 25.078523 ] }, { "date": "2024-05-24", "close": 22.700001, "volume": 563787, "typical_volume": 689885.6, "trend": 24.496, "fair_value": 24.660692, "relative_strength": -16.450544, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.320236, "energy": 13.314678, "activity_lines": [ 24.306667, 25.381818, 25.182762, 24.965989 ] }, { "date": "2024-05-31", "close": 25.0, "volume": 646929, "typical_volume": 716080.5, "trend": 24.616, "fair_value": 24.684795, "relative_strength": -7.017877, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.341697, "energy": 15.75383, "activity_lines": [ 24.046667, 25.32, 25.179214, 24.998505 ] }, { "date": "2024-06-07", "close": 25.35, "volume": 690892, "typical_volume": 740499.25, "trend": 24.749, "fair_value": 24.703192, "relative_strength": -6.149433, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.484379, "energy": 11.507861, "activity_lines": [ 24.286667, 25.280909, 25.206429, 25.04586 ] }, { "date": "2024-06-14", "close": 25.25, "volume": 532019, "typical_volume": 751760.8, "trend": 24.82, "fair_value": 24.715051, "relative_strength": -4.045594, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.767998, "energy": 6.092536, "activity_lines": [ 24.75, 25.179091, 25.217143, 25.078183 ] }, { "date": "2024-06-21", "close": 24.299999, "volume": 702503, "typical_volume": 767555.85, "trend": 24.836667, "fair_value": 24.715179, "relative_strength": -7.83813, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.615444, "energy": 2.906819, "activity_lines": [ 24.75, 24.900909, 25.137619, 25.044634 ] }, { "date": "2024-06-28", "close": 23.5, "volume": 471504, "typical_volume": 781988.0, "trend": 24.846667, "fair_value": 24.694538, "relative_strength": -10.530906, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.423864, "energy": 6.435035, "activity_lines": [ 24.41, 24.504545, 24.98881, 24.958398 ] }, { "date": "2024-07-05", "close": 22.85, "volume": 359040, "typical_volume": 782945.2, "trend": 24.748333, "fair_value": 24.616654, "relative_strength": -12.336592, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.289655, "energy": 16.638296, "activity_lines": [ 23.8, 24.071818, 24.787143, 24.829581 ] }, { "date": "2024-07-12", "close": 22.65, "volume": 250085, "typical_volume": 766655.35, "trend": 24.707167, "fair_value": 24.543897, "relative_strength": -15.252052, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.289035, "energy": 40.872184, "activity_lines": [ 23.266667, 23.746364, 24.569286, 24.694204 ] }, { "date": "2024-07-19", "close": 21.700001, "volume": 285623, "typical_volume": 747143.6, "trend": 24.688833, "fair_value": 24.474026, "relative_strength": -16.586274, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.063795, "energy": 54.197207, "activity_lines": [ 22.596667, 23.367273, 24.270714, 24.500194 ] }, { "date": "2024-07-26", "close": 21.799999, "volume": 231589, "typical_volume": 744618.0, "trend": 24.598167, "fair_value": 24.443769, "relative_strength": -16.087491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.423128, "energy": 59.018338, "activity_lines": [ 22.196667, 23.030909, 24.004048, 24.313817 ] }, { "date": "2024-08-02", "close": 20.5, "volume": 486937, "typical_volume": 754767.95, "trend": 24.454833, "fair_value": 24.409795, "relative_strength": -17.142075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.671497, "energy": 64.540773, "activity_lines": [ 21.53, 22.483636, 23.626667, 24.049419 ] }, { "date": "2024-08-09", "close": 19.84, "volume": 597047, "typical_volume": 761542.75, "trend": 24.300833, "fair_value": 24.371333, "relative_strength": -19.185199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.791931, "energy": 79.71959, "activity_lines": [ 20.843333, 21.856364, 23.200476, 23.751688 ] }, { "date": "2024-08-16", "close": 19.459999, "volume": 337033, "typical_volume": 767178.0, "trend": 24.153333, "fair_value": 24.347359, "relative_strength": -22.684323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.059382, "energy": 83.238515, "activity_lines": [ 20.230666, 21.253818, 22.751952, 23.439376 ] }, { "date": "2024-08-23", "close": 20.299999, "volume": 165978, "typical_volume": 753916.75, "trend": 23.986667, "fair_value": 24.318769, "relative_strength": -19.831234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.696214, "energy": 78.616143, "activity_lines": [ 20.110666, 20.911091, 22.399809, 23.190774 ] }, { "date": "2024-08-30", "close": 20.85, "volume": 249427, "typical_volume": 737685.5, "trend": 23.823333, "fair_value": 24.289346, "relative_strength": -18.437084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.739449, "energy": 75.507728, "activity_lines": [ 20.267333, 20.758363, 22.122666, 22.988408 ] }, { "date": "2024-09-06", "close": 18.4, "volume": 408398, "typical_volume": 674520.3, "trend": 23.59, "fair_value": 24.247295, "relative_strength": -24.26848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.988633, "energy": 73.050977, "activity_lines": [ 19.670666, 20.222909, 21.635762, 22.638516 ] }, { "date": "2024-09-13", "close": 19.18, "volume": 465824, "typical_volume": 653486.05, "trend": 23.447667, "fair_value": 24.204346, "relative_strength": -22.012182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.953349, "energy": 56.142391, "activity_lines": [ 19.474, 19.922, 21.268857, 22.354 ] }, { "date": "2024-09-20", "close": 18.02, "volume": 340152, "typical_volume": 633556.25, "trend": 23.225, "fair_value": 24.157038, "relative_strength": -27.765109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.445922, "energy": 68.322953, "activity_lines": [ 18.934667, 19.476909, 20.846571, 22.003828 ] }, { "date": "2024-09-27", "close": 20.25, "volume": 1256069, "typical_volume": 525710.7, "trend": 23.02, "fair_value": 24.123, "relative_strength": -20.100926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.10378, "energy": 50.012072, "activity_lines": [ 19.234667, 19.521454, 20.689905, 21.811892 ] }, { "date": "2024-10-04", "close": 19.5, "volume": 1035344, "typical_volume": 503809.0, "trend": 22.851667, "fair_value": 24.084667, "relative_strength": -21.428993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.734368, "energy": 41.792515, "activity_lines": [ 19.288, 19.456, 20.475143, 21.584796 ] }, { "date": "2024-10-11", "close": 18.26, "volume": 845910, "typical_volume": 517915.15, "trend": 22.678667, "fair_value": 24.034026, "relative_strength": -25.505727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.130858, "energy": 44.187428, "activity_lines": [ 19.018, 19.206909, 20.159905, 21.288559 ] }, { "date": "2024-10-18", "close": 19.379999, "volume": 372679, "typical_volume": 504202.65, "trend": 22.566333, "fair_value": 23.999538, "relative_strength": -20.634938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.971359, "energy": 33.677475, "activity_lines": [ 19.130666, 19.202182, 19.972476, 21.075742 ] }, { "date": "2024-10-25", "close": 19.68, "volume": 319179, "typical_volume": 485617.0, "trend": 22.459, "fair_value": 23.967231, "relative_strength": -18.891822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.075336, "energy": 28.106291, "activity_lines": [ 19.33, 19.260363, 19.840381, 20.889527 ] }, { "date": "2024-11-01", "close": 20.299999, "volume": 374994, "typical_volume": 477765.75, "trend": 22.300667, "fair_value": 23.937103, "relative_strength": -14.817829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.646735, "energy": 23.002662, "activity_lines": [ 19.625333, 19.427272, 19.794333, 20.750236 ] }, { "date": "2024-11-08", "close": 21.299999, "volume": 593288, "typical_volume": 472305.0, "trend": 22.150667, "fair_value": 23.913641, "relative_strength": -10.346731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.741644, "energy": 14.309223, "activity_lines": [ 20.250666, 19.776, 19.867095, 20.685677 ] }, { "date": "2024-11-15", "close": 23.299999, "volume": 652887, "typical_volume": 481374.15, "trend": 21.994, "fair_value": 23.908385, "relative_strength": 0.231907, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.811435, "energy": 20.086678, "activity_lines": [ 21.422666, 20.480181, 20.144619, 20.759828 ] }, { "date": "2024-11-22", "close": 22.1, "volume": 376862, "typical_volume": 482265.25, "trend": 21.705666, "fair_value": 23.901077, "relative_strength": -4.712659, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 19.41773, "energy": 26.539839, "activity_lines": [ 21.858666, 20.87709, 20.308809, 20.766666 ] }, { "date": "2024-11-29", "close": 23.049999, "volume": 448517, "typical_volume": 492186.85, "trend": 21.500666, "fair_value": 23.890115, "relative_strength": -0.369755, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.938748, "energy": 40.314138, "activity_lines": [ 22.429999, 21.393636, 20.567047, 20.853397 ] }, { "date": "2024-12-06", "close": 23.35, "volume": 533697, "typical_volume": 504590.55, "trend": 21.510666, "fair_value": 23.881077, "relative_strength": -2.497054, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.91431, "energy": 51.607949, "activity_lines": [ 22.876666, 21.873272, 20.851952, 20.972709 ] }, { "date": "2024-12-13", "close": 20.5, "volume": 564376, "typical_volume": 521229.9, "trend": 21.420666, "fair_value": 23.86659, "relative_strength": -12.090846, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.504322, "energy": 18.642578, "activity_lines": [ 22.17, 21.778363, 20.857571, 20.907505 ] }, { "date": "2024-12-20", "close": 21.85, "volume": 413368, "typical_volume": 517551.45, "trend": 21.392333, "fair_value": 23.852808, "relative_strength": -3.100219, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.007857, "energy": 18.382831, "activity_lines": [ 21.966667, 21.910727, 20.997952, 20.935204 ] }, { "date": "2024-12-27", "close": 21.299999, "volume": 135587, "typical_volume": 494478.45, "trend": 21.269, "fair_value": 23.838064, "relative_strength": -5.796631, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.492263, "energy": 8.518139, "activity_lines": [ 21.676666, 21.877818, 21.079523, 20.929247 ] }, { "date": "2025-01-03", "close": 20.6, "volume": 111080, "typical_volume": 483180.8, "trend": 21.110666, "fair_value": 23.821397, "relative_strength": -9.200084, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.586087, "energy": 11.199477, "activity_lines": [ 21.206666, 21.682727, 21.087476, 20.886086 ] }, { "date": "2025-01-10", "close": 20.200001, "volume": 379088, "typical_volume": 493836.3, "trend": 20.942333, "fair_value": 23.798577, "relative_strength": -10.94664, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.430682, "energy": 13.331711, "activity_lines": [ 20.766667, 21.398182, 21.051905, 20.827333 ] }, { "date": "2025-01-17", "close": 19.639999, "volume": 284579, "typical_volume": 495593.9, "trend": 20.787, "fair_value": 23.76832, "relative_strength": -15.994889, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.841521, "energy": 20.783894, "activity_lines": [ 20.35, 21.013636, 20.963476, 20.743312 ] }, { "date": "2025-01-24", "close": 20.1, "volume": 232669, "typical_volume": 486807.45, "trend": 20.673666, "fair_value": 23.745885, "relative_strength": -15.137475, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.074369, "energy": 20.693619, "activity_lines": [ 20.144, 20.742909, 20.924619, 20.698989 ] }, { "date": "2025-01-31", "close": 20.25, "volume": 362756, "typical_volume": 481654.05, "trend": 20.587, "fair_value": 23.725949, "relative_strength": -13.915848, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.588097, "energy": 19.795346, "activity_lines": [ 20.104667, 20.557636, 20.891952, 20.671656 ] }, { "date": "2025-02-07", "close": 19.559999, "volume": 374357, "typical_volume": 483364.3, "trend": 20.484, "fair_value": 23.70159, "relative_strength": -15.252757, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.860342, "energy": 31.470446, "activity_lines": [ 19.905333, 20.280545, 20.788476, 20.605398 ] }, { "date": "2025-02-14", "close": 19.5, "volume": 358529, "typical_volume": 438487.3, "trend": 20.410666, "fair_value": 23.680692, "relative_strength": -17.449877, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.663297, "energy": 32.33762, "activity_lines": [ 19.755333, 20.056, 20.671952, 20.541914 ] }, { "date": "2025-02-21", "close": 19.299999, "volume": 579576, "typical_volume": 415698.9, "trend": 20.327333, "fair_value": 23.660564, "relative_strength": -17.959777, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.046394, "energy": 34.83415, "activity_lines": [ 19.585333, 19.865091, 20.539952, 20.470258 ] }, { "date": "2025-02-28", "close": 19.1, "volume": 554919, "typical_volume": 401149.35, "trend": 20.280666, "fair_value": 23.643256, "relative_strength": -18.145795, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.452775, "energy": 44.881483, "activity_lines": [ 19.371333, 19.659636, 20.389857, 20.391075 ] }, { "date": "2025-03-07", "close": 19.1, "volume": 303042, "typical_volume": 397667.5, "trend": 20.256, "fair_value": 23.622102, "relative_strength": -17.75095, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.940184, "energy": 46.571035, "activity_lines": [ 19.224, 19.504182, 20.235762, 20.314903 ] }, { "date": "2025-03-14", "close": 18.9, "volume": 344449, "typical_volume": 398931.0, "trend": 20.237333, "fair_value": 23.596333, "relative_strength": -16.775686, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.364648, "energy": 65.174354, "activity_lines": [ 19.086667, 19.352363, 20.063952, 20.227419 ] }, { "date": "2025-03-21", "close": 20.15, "volume": 235344, "typical_volume": 391948.5, "trend": 20.232333, "fair_value": 23.572679, "relative_strength": -9.211445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.129876, "energy": 42.026635, "activity_lines": [ 19.41, 19.458727, 20.014905, 20.221785 ] }, { "date": "2025-03-28", "close": 20.6, "volume": 669224, "typical_volume": 395745.3, "trend": 20.224, "fair_value": 23.550885, "relative_strength": -3.802051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -2.574194, "energy": 5.970022, "activity_lines": [ 19.84, 19.647818, 20.009428, 20.245505 ] }, { "date": "2025-04-04", "close": 19.780001, "volume": 349261, "typical_volume": 380564.0, "trend": 20.27, "fair_value": 23.523833, "relative_strength": 3.002267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.219833, "energy": 17.485015, "activity_lines": [ 19.91, 19.670364, 19.92919, 20.21686 ] }, { "date": "2025-04-11", "close": 20.049999, "volume": 356289, "typical_volume": 379535.35, "trend": 20.299, "fair_value": 23.496718, "relative_strength": 5.208761, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.501115, "energy": 18.553043, "activity_lines": [ 20.024667, 19.747818, 19.891428, 20.202666 ] }, { "date": "2025-04-18", "close": 21.9, "volume": 627427, "typical_volume": 388480.85, "trend": 20.428333, "fair_value": 23.483256, "relative_strength": 11.597779, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.916797, "energy": 22.651607, "activity_lines": [ 20.692667, 20.165273, 20.039619, 20.305957 ] }, { "date": "2025-04-25", "close": 23.0, "volume": 418152, "typical_volume": 382703.6, "trend": 20.52, "fair_value": 23.48582, "relative_strength": 14.428011, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.492815, "energy": 41.911952, "activity_lines": [ 21.527333, 20.740182, 20.298047, 20.471871 ] }, { "date": "2025-05-02", "close": 23.4, "volume": 241687, "typical_volume": 366569.15, "trend": 20.65, "fair_value": 23.490949, "relative_strength": 15.269997, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.002768, "energy": 61.662263, "activity_lines": [ 22.305333, 21.324182, 20.596238, 20.657677 ] }, { "date": "2025-05-09", "close": 20.1, "volume": 1084739, "typical_volume": 400137.7, "trend": 20.711333, "fair_value": 23.479538, "relative_strength": -0.306251, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.728648, "energy": 36.495882, "activity_lines": [ 21.796667, 21.233636, 20.566333, 20.622193 ] }, { "date": "2025-05-16", "close": 17.0, "volume": 2612718, "typical_volume": 523994.25, "trend": 20.632, "fair_value": 23.44159, "relative_strength": -18.407209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.215886, "energy": 19.246464, "activity_lines": [ 20.233333, 20.561273, 20.249524, 20.382753 ] }, { "date": "2025-05-23", "close": 17.559999, "volume": 1420514, "typical_volume": 589465.95, "trend": 20.561333, "fair_value": 23.406718, "relative_strength": -13.208342, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.057279, "energy": 32.516207, "activity_lines": [ 19.06, 20.028909, 20.006524, 20.184559 ] }, { "date": "2025-05-30", "close": 16.92, "volume": 570119, "typical_volume": 599017.5, "trend": 20.448666, "fair_value": 23.372872, "relative_strength": -16.367603, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.627004, "energy": 48.018527, "activity_lines": [ 17.962666, 19.404545, 19.717047, 19.949634 ] }, { "date": "2025-06-06", "close": 17.0, "volume": 341021, "typical_volume": 601839.6, "trend": 20.305333, "fair_value": 23.342102, "relative_strength": -16.240601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.724803, "energy": 62.080058, "activity_lines": [ 17.297333, 18.853454, 19.450809, 19.72714 ] }, { "date": "2025-06-13", "close": 17.440001, "volume": 286784, "typical_volume": 604545.35, "trend": 20.11, "fair_value": 23.320308, "relative_strength": -11.324089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.26016, "energy": 65.186538, "activity_lines": [ 17.205334, 18.447818, 19.239048, 19.542279 ] }, { "date": "2025-06-20", "close": 16.719999, "volume": 244827, "typical_volume": 598648.9, "trend": 19.930666, "fair_value": 23.298, "relative_strength": -14.012271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.116792, "energy": 60.846877, "activity_lines": [ 17.050667, 17.953818, 18.971381, 19.32357 ] }, { "date": "2025-06-27", "close": 16.9, "volume": 264149, "typical_volume": 593138.5, "trend": 19.725667, "fair_value": 23.281205, "relative_strength": -14.637346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.997373, "energy": 47.710959, "activity_lines": [ 16.974667, 17.553091, 18.737667, 19.128043 ] }, { "date": "2025-07-04", "close": 16.620001, "volume": 456355, "typical_volume": 598029.8, "trend": 19.501333, "fair_value": 23.253897, "relative_strength": -15.787902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.450918, "energy": 41.744912, "activity_lines": [ 16.849334, 17.192364, 18.489952, 18.927677 ] }, { "date": "2025-07-11", "close": 16.280001, "volume": 331354, "typical_volume": 585618.7, "trend": 19.360667, "fair_value": 23.227487, "relative_strength": -18.120979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.93186, "energy": 47.064401, "activity_lines": [ 16.630667, 16.885818, 18.223572, 18.719849 ] }, { "date": "2025-07-18", "close": 16.200001, "volume": 231570, "typical_volume": 569451.25, "trend": 19.172333, "fair_value": 23.196974, "relative_strength": -18.157009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.127932, "energy": 51.134866, "activity_lines": [ 16.433334, 16.694182, 17.963953, 18.515936 ] }, { "date": "2025-07-25", "close": 16.0, "volume": 229095, "typical_volume": 565753.9, "trend": 18.995667, "fair_value": 23.163641, "relative_strength": -20.561514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.388379, "energy": 55.813572, "activity_lines": [ 16.252001, 16.537091, 17.699095, 18.311269 ] }, { "date": "2025-08-01", "close": 16.1, "volume": 271729, "typical_volume": 562117.9, "trend": 18.845667, "fair_value": 23.131205, "relative_strength": -17.368371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.123327, "energy": 52.182006, "activity_lines": [ 16.152, 16.416364, 17.458524, 18.124452 ] }, { "date": "2025-08-08", "close": 16.16, "volume": 318299, "typical_volume": 566265.65, "trend": 18.711, "fair_value": 23.088641, "relative_strength": -18.893893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.445504, "energy": 53.776272, "activity_lines": [ 16.125334, 16.333091, 17.237, 17.951183 ] }, { "date": "2025-08-15", "close": 15.16, "volume": 528060, "typical_volume": 559207.45, "trend": 18.561667, "fair_value": 23.034795, "relative_strength": -24.632063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.635317, "energy": 74.086849, "activity_lines": [ 15.796, 16.081818, 16.939238, 17.722086 ] }, { "date": "2025-08-22", "close": 15.0, "volume": 723942, "typical_volume": 577941.5, "trend": 18.391667, "fair_value": 22.982487, "relative_strength": -26.338668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.501254, "energy": 80.364797, "activity_lines": [ 15.488, 15.834909, 16.652143, 17.492301 ] }, { "date": "2025-08-29", "close": 15.36, "volume": 643661, "typical_volume": 592310.1, "trend": 18.228667, "fair_value": 22.939923, "relative_strength": -22.311803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.472897, "energy": 77.740166, "activity_lines": [ 15.38, 15.697818, 16.422095, 17.29671 ] }, { "date": "2025-09-05", "close": 14.84, "volume": 402611, "typical_volume": 581069.3, "trend": 18.071333, "fair_value": 22.899667, "relative_strength": -24.628961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.609505, "energy": 80.889251, "activity_lines": [ 15.141333, 15.490909, 16.164857, 17.078086 ] }, { "date": "2025-09-12", "close": 13.76, "volume": 834042, "typical_volume": 601863.8, "trend": 17.88, "fair_value": 22.844795, "relative_strength": -29.917513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.425183, "energy": 83.093566, "activity_lines": [ 14.626667, 15.125091, 15.838381, 16.799936 ] }, { "date": "2025-09-19", "close": 16.5, "volume": 1209423, "typical_volume": 650250.6, "trend": 17.786667, "fair_value": 22.817231, "relative_strength": -16.150924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.194938, "energy": 45.508406, "activity_lines": [ 15.185333, 15.309455, 15.816857, 16.710903 ] }, { "date": "2025-09-26", "close": 16.98, "volume": 1025922, "typical_volume": 647309.75, "trend": 17.716, "fair_value": 22.788128, "relative_strength": -13.373233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.710714, "energy": 24.63089, "activity_lines": [ 15.814667, 15.577091, 15.873905, 16.65886 ] }, { "date": "2025-10-03", "close": 16.940001, "volume": 1179180, "typical_volume": 575632.85, "trend": 17.644, "fair_value": 22.755436, "relative_strength": -15.969117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.116305, "energy": 17.753417, "activity_lines": [ 16.298667, 15.823273, 15.942, 16.608796 ] }, { "date": "2025-10-10", "close": 16.52, "volume": 739563, "typical_volume": 541585.3, "trend": 17.564667, "fair_value": 22.717231, "relative_strength": -17.197469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.722423, "energy": 20.700353, "activity_lines": [ 16.537334, 15.976, 15.970381, 16.53628 ] }, { "date": "2025-10-17", "close": 21.15, "volume": 2823878, "typical_volume": 654273.25, "trend": 17.598, "fair_value": 22.692295, "relative_strength": 6.149211, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.76922, "energy": 42.580711, "activity_lines": [ 18.207334, 16.962909, 16.444667, 16.767592 ] }, { "date": "2025-10-24", "close": 18.5, "volume": 3044438, "typical_volume": 789444.1, "trend": 17.528, "fair_value": 22.650628, "relative_strength": -9.774712, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.731317, "energy": 33.521746, "activity_lines": [ 18.501333, 17.377273, 16.646429, 16.825785 ] }, { "date": "2025-10-31", "close": 19.139999, "volume": 1225363, "typical_volume": 836373.05, "trend": 17.506667, "fair_value": 22.611782, "relative_strength": -5.733162, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.464583, "energy": 47.122633, "activity_lines": [ 18.875333, 17.847273, 16.902, 16.929785 ] }, { "date": "2025-11-07", "close": 16.0, "volume": 2237577, "typical_volume": 936010.55, "trend": 17.371667, "fair_value": 22.555372, "relative_strength": -19.69902, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.603482, "energy": 28.001773, "activity_lines": [ 18.058666, 17.671091, 16.850429, 16.832581 ] }, { "date": "2025-11-14", "close": 18.0, "volume": 1897086, "typical_volume": 1017657.4, "trend": 17.241667, "fair_value": 22.499987, "relative_strength": -9.792685, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.564127, "energy": 15.203468, "activity_lines": [ 17.971333, 17.846909, 16.992762, 16.873118 ] }, { "date": "2025-11-21", "close": 12.756618, "volume": 3394281, "typical_volume": 1164553.7, "trend": 16.900221, "fair_value": 22.41253, "relative_strength": -33.988842, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -25.01427, "energy": 19.753334, "activity_lines": [ 16.037539, 17.01193, 16.630487, 16.58376 ] }, { "date": "2025-11-28", "close": 12.8, "volume": 3010665, "typical_volume": 1298519.25, "trend": 16.546887, "fair_value": 22.330478, "relative_strength": -35.066694, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -64.26812, "energy": 43.072936, "activity_lines": [ 14.677765, 16.203083, 16.290742, 16.31923 ] }, { "date": "2025-12-05", "close": 12.26, "volume": 3920404, "typical_volume": 1482960.95, "trend": 16.285554, "fair_value": 22.242401, "relative_strength": -37.884745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.005768, "energy": 59.646611, "activity_lines": [ 13.51799, 15.363326, 15.916139, 16.042657 ] }, { "date": "2025-12-12", "close": 12.66, "volume": 6154334, "typical_volume": 1779222.9, "trend": 16.140887, "fair_value": 22.169453, "relative_strength": -35.099365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.443233, "energy": 65.576924, "activity_lines": [ 12.950216, 14.682115, 15.598393, 15.80875 ] }, { "date": "2025-12-19", "close": 14.94, "volume": 4173271, "typical_volume": 1974300.0, "trend": 16.053554, "fair_value": 22.101376, "relative_strength": -23.194377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.297418, "energy": 57.429692, "activity_lines": [ 13.365108, 14.493267, 15.513695, 15.731273 ] }, { "date": "2025-12-26", "close": 18.120001, "volume": 5732748, "typical_volume": 2245022.45, "trend": 16.093554, "fair_value": 22.053683, "relative_strength": -6.525891, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.044266, "energy": 15.063584, "activity_lines": [ 15.044, 14.911329, 15.737378, 15.864592 ] }, { "date": "2026-01-02", "close": 20.25, "volume": 5254801, "typical_volume": 2481359.5, "trend": 16.201887, "fair_value": 22.021953, "relative_strength": 3.642085, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.91165, "energy": 22.009751, "activity_lines": [ 17.075334, 15.771754, 16.154584, 16.13275 ] }, { "date": "2026-01-09", "close": 17.700001, "volume": 6250730, "typical_volume": 2757698.9, "trend": 16.210554, "fair_value": 21.971055, "relative_strength": -11.739916, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.604714, "energy": 25.729879, "activity_lines": [ 17.760001, 16.136725, 16.304696, 16.229403 ] }, { "date": "2026-01-16", "close": 20.9, "volume": 5278702, "typical_volume": 2989450.95, "trend": 16.349887, "fair_value": 21.938619, "relative_strength": 2.187835, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.177545, "energy": 51.827636, "activity_lines": [ 19.148667, 17.109695, 16.746712, 16.531948 ] }, { "date": "2026-01-23", "close": 20.75, "volume": 7892367, "typical_volume": 3363938.75, "trend": 16.478221, "fair_value": 21.86676, "relative_strength": 2.500023, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.778208, "energy": 70.353134, "activity_lines": [ 19.938, 17.966302, 17.148061, 16.815826 ] }, { "date": "2026-01-30", "close": 20.15, "volume": 8255933, "typical_volume": 3735033.3, "trend": 16.595887, "fair_value": 21.788235, "relative_strength": -0.626241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.62515, "energy": 63.435145, "activity_lines": [ 20.14, 18.663818, 17.464125, 17.052715 ] }, { "date": "2026-02-06", "close": 18.299999, "volume": 5290197, "typical_volume": 3939072.0, "trend": 16.663221, "fair_value": 21.712209, "relative_strength": -12.075114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.62819, "energy": 53.577713, "activity_lines": [ 19.59, 18.890545, 17.573569, 17.162658 ] }, { "date": "2026-02-13", "close": 19.440001, "volume": 3231029, "typical_volume": 4049327.35, "trend": 16.771221, "fair_value": 21.651953, "relative_strength": -6.321703, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.086965, "energy": 35.666938, "activity_lines": [ 19.55, 19.224546, 17.783014, 17.341805 ] }, { "date": "2026-02-20", "close": 18.120001, "volume": 2617197, "typical_volume": 4121228.2, "trend": 16.841887, "fair_value": 21.576568, "relative_strength": -14.004164, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.499823, "energy": 24.719939, "activity_lines": [ 18.954, 19.188, 17.85503, 17.428823 ] }, { "date": "2026-02-27", "close": 18.16, "volume": 3263913, "typical_volume": 4247445.7, "trend": 16.910554, "fair_value": 21.499389, "relative_strength": -14.604454, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.202842, "energy": 18.675316, "activity_lines": [ 18.556667, 19.059455, 17.925237, 17.513862 ] }, { "date": "2026-03-06", "close": 17.120001, "volume": 3250372, "typical_volume": 4268770.4, "trend": 16.942554, "fair_value": 21.42426, "relative_strength": -14.273845, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.866504, "energy": 16.282525, "activity_lines": [ 17.985334, 18.683273, 17.888586, 17.527375 ] }, { "date": "2026-03-13", "close": 15.86, "volume": 2978050, "typical_volume": 4265451.0, "trend": 16.965887, "fair_value": 21.334132, "relative_strength": -19.640062, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.988374, "energy": 15.529048, "activity_lines": [ 17.196, 18.096182, 17.751126, 17.457533 ] }, { "date": "2026-03-20", "close": 13.64, "volume": 6032324, "typical_volume": 4505799.05, "trend": 16.920554, "fair_value": 21.240542, "relative_strength": -26.545387, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.680712, "energy": 32.484955, "activity_lines": [ 15.829334, 17.185273, 17.414809, 17.242959 ] }, { "date": "2026-03-27", "close": 14.54, "volume": 4850345, "typical_volume": 4636437.45, "trend": 16.893221, "fair_value": 21.154517, "relative_strength": -20.968419, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.285446, "energy": 44.786828, "activity_lines": [ 15.149333, 16.511818, 17.190397, 17.089375 ] }, { "date": "2026-04-03", "close": 15.32, "volume": 3297832, "typical_volume": 4706474.75, "trend": 16.909221, "fair_value": 21.050158, "relative_strength": -18.739183, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.631637, "energy": 49.567833, "activity_lines": [ 14.968, 16.095818, 17.047222, 16.987877 ] }, { "date": "2026-04-10", "close": 16.84, "volume": 2550628, "typical_volume": 4664292.1, "trend": 17.011887, "fair_value": 20.946568, "relative_strength": -13.936665, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.383855, "energy": 45.376971, "activity_lines": [ 15.482667, 16.054909, 17.061572, 16.983411 ] }, { "date": "2026-04-17", "close": 18.040001, "volume": 3752375, "typical_volume": 4701377.6, "trend": 17.063221, "fair_value": 20.87503, "relative_strength": -8.886284, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.331063, "energy": 6.541884, "activity_lines": [ 16.416, 16.292364, 17.170762, 17.049741 ] }, { "date": "2026-04-24", "close": 17.24, "volume": 2609388, "typical_volume": 4635826.8, "trend": 17.071887, "fair_value": 20.799901, "relative_strength": -9.555976, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.379396, "energy": 9.653469, "activity_lines": [ 16.937334, 16.389091, 17.17881, 17.061146 ] }, { "date": "2026-05-01", "close": 16.219999, "volume": 1961848, "typical_volume": 4426202.5, "trend": 17.047887, "fair_value": 20.720286, "relative_strength": -12.629757, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.440221, "energy": 12.165047, "activity_lines": [ 16.878667, 16.340364, 17.066, 17.006186 ] }, { "date": "2026-05-08", "close": 17.5, "volume": 6177437, "typical_volume": 4526410.8, "trend": 17.080554, "fair_value": 20.650414, "relative_strength": -5.385653, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.184897, "energy": 13.897035, "activity_lines": [ 17.134667, 16.558909, 17.058143, 17.035354 ] }, { "date": "2026-05-15", "close": 17.92, "volume": 4209875, "typical_volume": 4450267.15, "trend": 16.972887, "fair_value": 20.585286, "relative_strength": -1.681076, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.455245, "energy": 12.575287, "activity_lines": [ 17.385333, 16.865818, 17.078095, 17.089512 ] }, { "date": "2026-05-22", "close": 16.74, "volume": 3624182, "typical_volume": 4368736.2, "trend": 16.914221, "fair_value": 20.52644, "relative_strength": -10.854408, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.534823, "energy": 10.179557, "activity_lines": [ 17.170667, 16.943636, 16.986619, 17.074487 ] }, { "date": "2026-05-29", "close": 16.34, "volume": 2708401, "typical_volume": 4191619.75, "trend": 16.820887, "fair_value": 20.469132, "relative_strength": -12.317564, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 12.03127, "energy": 6.733453, "activity_lines": [ 16.909333, 16.932727, 16.873762, 17.037441 ] }, { "date": "2026-06-05", "close": 16.0, "volume": 1309901, "typical_volume": 3993179.7, "trend": 16.820887, "fair_value": 20.406568, "relative_strength": -13.09196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.670334, "energy": 8.793333, "activity_lines": [ 16.594667, 16.810909, 16.735, 16.98448 ] }, { "date": "2026-06-12", "close": 15.58, "volume": 457874, "typical_volume": 3621455.05, "trend": 16.740221, "fair_value": 20.342081, "relative_strength": -14.717083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.609966, "energy": 24.151626, "activity_lines": [ 16.154667, 16.586182, 16.579571, 16.904423 ] }, { "date": "2026-06-19", "close": 16.139999, "volume": 7045743, "typical_volume": 3560945.55, "trend": 16.853, "fair_value": 20.289132, "relative_strength": -12.95968, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.488707, "energy": 32.876879, "activity_lines": [ 16.029333, 16.458545, 16.502095, 16.865699 ] }, { "date": "2026-06-26", "close": 16.5, "volume": 587939, "typical_volume": 3325832.65, "trend": 16.976333, "fair_value": 20.242594, "relative_strength": -9.861279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.094992, "energy": 40.775866, "activity_lines": [ 16.142666, 16.409091, 16.478, 16.842925 ] }, { "date": "2026-07-03", "close": 17.9, "volume": 3345670, "typical_volume": 3331564.7, "trend": 17.164333, "fair_value": 20.208619, "relative_strength": -4.680325, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.935685, "energy": 5.718713, "activity_lines": [ 16.738666, 16.642182, 16.595809, 16.902516 ] }, { "date": "2026-07-10", "close": 15.62, "volume": 5566444, "typical_volume": 3479027.05, "trend": 17.263, "fair_value": 20.157722, "relative_strength": -14.588268, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.210492, "energy": 16.504125, "activity_lines": [ 16.470667, 16.448727, 16.503809, 16.802882 ] }, { "date": "2026-07-17", "close": 15.0, "volume": 3533935, "typical_volume": 3492528.15, "trend": 17.265, "fair_value": 20.103876, "relative_strength": -16.730964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.660103, "energy": 26.297415, "activity_lines": [ 16.021333, 16.153454, 16.364667, 16.656882 ] }, { "date": "2026-07-24", "close": 16.059999, "volume": 2802971, "typical_volume": 3470158.1, "trend": 17.196333, "fair_value": 20.050414, "relative_strength": -11.983439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.437463, "energy": 22.085152, "activity_lines": [ 15.964, 16.096363, 16.341524, 16.57914 ] }, { "date": "2026-07-31", "close": 16.860001, "volume": 2910043, "typical_volume": 3466757.75, "trend": 17.083333, "fair_value": 20.007209, "relative_strength": -8.586897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.783445, "energy": 23.361413, "activity_lines": [ 16.178667, 16.218545, 16.399619, 16.557441 ] }, { "date": "2026-08-07", "close": 18.9, "volume": 4955158, "typical_volume": 3412899.45, "trend": 17.123333, "fair_value": 19.982465, "relative_strength": 0.620976, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.093968, "energy": 11.224944, "activity_lines": [ 17.049333, 16.709455, 16.647238, 16.674645 ] } ], "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." } } }