{ "ticker": { "uuid": "858e1cde-abb5-4a30-8bb8-bb15a6270ccb", "symbol": "MJ", "name": "AMPLIFY ALTERNATIVE HARVEST ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -57.273, "architecture_energy": 56.55, "architecture_maturity": 9.382, "architecture_confidence": 89.203, "architecture_tenure": "New", "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": 25.05, "rotation_up": 12.05, "upward_expansion": 11.9, "deceleration": 38.66, "rotation_down": 63.65, "downward_expansion": 85.24 }, "activity_lines": [ 23.319227, 23.889316, 24.683526, 24.867013 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 23.67, "trend_reference": 25.37714, "distance_from_trend": -0.067271, "trend_direction": "Weakening", "fair_value": 30.799572, "distance_from_fair_value": -0.231483, "fair_value_direction": "Weakening", "relative_strength": -24.797076, "relative_strength_direction": "Weakening", "price_momentum": -0.108139, "excess_performance": -0.233764, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.067271, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.05863, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.231483, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.086932, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.247971, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.152412, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.108139, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.034753, "read": "Demand-led" } ], "volume": { "latest": 108700, "relative_activity": 0.572228, "balance": 1.034753, "dry_up": 0.63842, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.084181, "annualized_volatility": 0.322368, "from_high_reference": -0.483678, "from_low_reference": 0.124466 }, "levels": { "trend_reference": 25.37714, "fair_value_reference": 30.799572, "structural_low": 21.05, "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": 42, "median_return": -0.05658, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.065413, "regime_survival": 0.904762, "best_return": 0.484983, "worst_return": -0.216529, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.143382, "positive_rate": 0.071429, "directional_follow_through": 0.928571, "median_excess_return": -0.175235, "regime_survival": 0.785714, "best_return": 0.692475, "worst_return": -0.293244, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.293722, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.317256, "regime_survival": 0.714286, "best_return": 0.529064, "worst_return": -0.475517, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.332969, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.488776, "regime_survival": 0.5, "best_return": 0.208093, "worst_return": -0.670379, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-05", "end": "2024-06-07", "tenure": "Developing", "return": -0.165501, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-06-21", "tenure": "New", "return": 0.026393, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.063253, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-09-06", "tenure": "Developing", "return": -0.106322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2025-07-25", "tenure": "Extended", "return": -0.418677, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": 0.585136, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-09-26", "tenure": "Developing", "return": -0.178761, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": 0.007341, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": -0.152974, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-01-23", "tenure": "Developing", "return": 0.168189, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": -0.031454, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-05-08", "tenure": "Developing", "return": 0.043748, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": -0.085831, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.031373, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 32.801621, "volume": 8342244, "typical_volume": 7346305.65, "trend": 37.107058, "fair_value": 115.319965, "relative_strength": -33.208626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.432425, "energy": 30.452888, "activity_lines": [ 33.253315, 33.298289, 33.496063, 34.632221 ] }, { "date": "2023-08-25", "close": 31.08088, "volume": 10664368, "typical_volume": 7695437.8, "trend": 36.544232, "fair_value": 114.645043, "relative_strength": -36.202523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.995624, "energy": 45.381274, "activity_lines": [ 32.507661, 32.916989, 33.216442, 34.243435 ] }, { "date": "2023-09-01", "close": 38.178936, "volume": 28714457, "typical_volume": 8874437.1, "trend": 36.16065, "fair_value": 114.054917, "relative_strength": -22.59864, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.874752, "energy": 4.765517, "activity_lines": [ 34.242741, 33.861441, 33.637409, 34.3489 ] }, { "date": "2023-09-08", "close": 42.265695, "volume": 23405714, "typical_volume": 9814676.6, "trend": 36.045934, "fair_value": 113.550277, "relative_strength": -12.26799, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.638628, "energy": 43.773334, "activity_lines": [ 37.053285, 35.433572, 34.4353, 34.742774 ] }, { "date": "2023-09-15", "close": 47.320371, "volume": 30464742, "typical_volume": 11009269.4, "trend": 36.060274, "fair_value": 113.082864, "relative_strength": -0.862376, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.487214, "energy": 76.928721, "activity_lines": [ 41.010988, 37.740929, 35.678228, 35.470157 ] }, { "date": "2023-09-22", "close": 40.652501, "volume": 17362984, "typical_volume": 11425464.15, "trend": 35.952727, "fair_value": 112.625103, "relative_strength": -11.537722, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.7821, "energy": 66.434301, "activity_lines": [ 41.785322, 38.601299, 36.230811, 35.766429 ] }, { "date": "2023-09-29", "close": 39.254399, "volume": 23099546, "typical_volume": 12189501.3, "trend": 35.787823, "fair_value": 112.162516, "relative_strength": -13.233461, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.808446, "energy": 74.154611, "activity_lines": [ 41.570229, 39.082325, 36.638463, 35.979441 ] }, { "date": "2023-10-06", "close": 36.135556, "volume": 17733459, "typical_volume": 12737839.45, "trend": 35.662352, "fair_value": 111.596519, "relative_strength": -19.489677, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.178247, "energy": 42.736873, "activity_lines": [ 39.770621, 38.878964, 36.726037, 36.001875 ] }, { "date": "2023-10-13", "close": 35.060093, "volume": 12946426, "typical_volume": 13061720.35, "trend": 35.526127, "fair_value": 111.05603, "relative_strength": -21.342694, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.195661, "energy": 17.095718, "activity_lines": [ 37.748751, 38.439002, 36.706064, 35.963019 ] }, { "date": "2023-10-20", "close": 32.586528, "volume": 9835427, "typical_volume": 13334756.75, "trend": 35.357638, "fair_value": 110.472109, "relative_strength": -24.154791, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.729209, "energy": 18.236698, "activity_lines": [ 35.382732, 37.533658, 36.441807, 35.773368 ] }, { "date": "2023-10-27", "close": 29.0375, "volume": 15239581, "typical_volume": 13718448.9, "trend": 35.063678, "fair_value": 109.91921, "relative_strength": -29.686916, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -25.050774, "energy": 32.151127, "activity_lines": [ 32.81596, 35.988902, 35.840572, 35.365617 ] }, { "date": "2023-11-03", "close": 32.801621, "volume": 13372618, "typical_volume": 14131924.7, "trend": 34.948962, "fair_value": 109.187758, "relative_strength": -23.799995, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.818327, "energy": 28.899691, "activity_lines": [ 32.278229, 35.19697, 35.615237, 35.219678 ] }, { "date": "2023-11-10", "close": 32.909167, "volume": 12675507, "typical_volume": 14415548.9, "trend": 34.85934, "fair_value": 108.497669, "relative_strength": -23.338302, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.012492, "energy": 30.718255, "activity_lines": [ 32.206531, 34.393306, 35.401169, 35.088078 ] }, { "date": "2023-11-17", "close": 33.339352, "volume": 16257645, "typical_volume": 14938535.0, "trend": 34.816321, "fair_value": 107.790345, "relative_strength": -22.829696, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.32416, "energy": 25.299158, "activity_lines": [ 32.493321, 33.763671, 35.222949, 34.990015 ] }, { "date": "2023-11-24", "close": 33.339352, "volume": 7413921, "typical_volume": 14900388.85, "trend": 34.737454, "fair_value": 106.955483, "relative_strength": -22.309876, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.774479, "energy": 13.731307, "activity_lines": [ 32.894827, 33.296334, 35.039096, 34.894726 ] }, { "date": "2023-12-01", "close": 34.629908, "volume": 9533774, "typical_volume": 14838650.1, "trend": 34.619153, "fair_value": 106.089597, "relative_strength": -18.38738, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.895635, "energy": 6.12239, "activity_lines": [ 33.676331, 33.317843, 34.983274, 34.887788 ] }, { "date": "2023-12-08", "close": 36.350649, "volume": 16350075, "typical_volume": 15261608.2, "trend": 34.683681, "fair_value": 105.280932, "relative_strength": -13.37685, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.313682, "energy": 10.824606, "activity_lines": [ 34.658587, 33.761716, 35.087236, 34.999497 ] }, { "date": "2023-12-15", "close": 33.554445, "volume": 14337174, "typical_volume": 15498679.0, "trend": 34.633493, "fair_value": 104.448827, "relative_strength": -20.803575, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.411276, "energy": 6.943789, "activity_lines": [ 34.472173, 33.749984, 34.907992, 34.926643 ] }, { "date": "2023-12-22", "close": 33.877084, "volume": 12156212, "typical_volume": 15609564.9, "trend": 34.655002, "fair_value": 103.631888, "relative_strength": -19.869909, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.910635, "energy": 7.024405, "activity_lines": [ 34.350288, 33.843842, 34.761012, 34.877843 ] }, { "date": "2023-12-29", "close": 34.737454, "volume": 14151505, "typical_volume": 15702868.95, "trend": 34.71953, "fair_value": 102.865276, "relative_strength": -17.25633, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.225998, "energy": 5.442906, "activity_lines": [ 34.479343, 34.115641, 34.697508, 34.883162 ] }, { "date": "2024-01-05", "close": 36.995926, "volume": 19546504, "typical_volume": 16263081.95, "trend": 34.862925, "fair_value": 101.941481, "relative_strength": -9.632423, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.349814, "energy": 9.93433, "activity_lines": [ 35.268016, 34.758963, 34.840391, 35.030026 ] }, { "date": "2024-01-12", "close": 36.673288, "volume": 19798635, "typical_volume": 16719795.3, "trend": 34.984811, "fair_value": 100.810177, "relative_strength": -11.107191, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.616768, "energy": 17.201681, "activity_lines": [ 35.791408, 35.198926, 34.932574, 35.146824 ] }, { "date": "2024-01-19", "close": 37.211019, "volume": 18618894, "typical_volume": 16215017.15, "trend": 35.164055, "fair_value": 99.709896, "relative_strength": -9.97197, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.256296, "energy": 27.847758, "activity_lines": [ 36.472534, 35.666263, 35.049338, 35.29045 ] }, { "date": "2024-01-26", "close": 38.716667, "volume": 16939311, "typical_volume": 15891697.0, "trend": 35.382732, "fair_value": 98.644774, "relative_strength": -6.433352, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.323506, "energy": 46.174317, "activity_lines": [ 37.411772, 36.329139, 35.314107, 35.519651 ] }, { "date": "2024-02-02", "close": 41.727964, "volume": 17469976, "typical_volume": 15241958.7, "trend": 35.626504, "fair_value": 97.301824, "relative_strength": 0.290054, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.237467, "energy": 67.91805, "activity_lines": [ 39.032136, 37.441755, 35.882566, 35.929021 ] }, { "date": "2024-02-09", "close": 40.222315, "volume": 14528041, "typical_volume": 15100211.55, "trend": 35.841596, "fair_value": 95.867873, "relative_strength": -3.914876, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.005111, "energy": 68.620671, "activity_lines": [ 39.684584, 38.128096, 36.334261, 36.225525 ] }, { "date": "2024-02-16", "close": 38.501575, "volume": 26639361, "typical_volume": 15277202.3, "trend": 36.031595, "fair_value": 94.393937, "relative_strength": -6.860344, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.302862, "energy": 60.2844, "activity_lines": [ 39.548359, 38.399895, 36.624124, 36.397136 ] }, { "date": "2024-02-23", "close": 38.286482, "volume": 14742017, "typical_volume": 15127630.2, "trend": 36.178575, "fair_value": 93.084078, "relative_strength": -8.111535, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.810824, "energy": 44.285781, "activity_lines": [ 39.21855, 38.593478, 36.897086, 36.542613 ] }, { "date": "2024-03-01", "close": 36.780834, "volume": 14205095, "typical_volume": 15190563.65, "trend": 36.264612, "fair_value": 91.857637, "relative_strength": -11.772743, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.255354, "energy": 22.935289, "activity_lines": [ 38.315161, 38.42727, 37.016411, 36.581468 ] }, { "date": "2024-03-08", "close": 34.845001, "volume": 10976740, "typical_volume": 15247629.3, "trend": 36.329139, "fair_value": 90.422997, "relative_strength": -15.494406, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.894477, "energy": 14.430003, "activity_lines": [ 36.89555, 37.856297, 36.943178, 36.489881 ] }, { "date": "2024-03-15", "close": 36.673288, "volume": 12799994, "typical_volume": 15125649.95, "trend": 36.458195, "fair_value": 89.013175, "relative_strength": -10.371386, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.288329, "energy": 18.456716, "activity_lines": [ 36.544232, 37.615784, 37.033312, 36.512084 ] }, { "date": "2024-03-22", "close": 43.556251, "volume": 15395808, "typical_volume": 15226809.45, "trend": 36.874041, "fair_value": 87.743302, "relative_strength": 4.44984, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.516343, "energy": 28.516982, "activity_lines": [ 38.723837, 38.632586, 37.742605, 36.970023 ] }, { "date": "2024-03-29", "close": 45.5825, "volume": 14631829, "typical_volume": 15324625.55, "trend": 37.120826, "fair_value": 86.457462, "relative_strength": 9.09516, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.165834, "energy": 59.302052, "activity_lines": [ 41.24188, 39.892651, 38.593662, 37.531859 ] }, { "date": "2024-04-05", "close": 46.782039, "volume": 17153165, "typical_volume": 15369401.55, "trend": 37.271371, "fair_value": 85.219297, "relative_strength": 12.957998, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.963438, "energy": 76.130667, "activity_lines": [ 43.673368, 41.218606, 39.498612, 38.155163 ] }, { "date": "2024-04-12", "close": 41.547685, "volume": 13423509, "typical_volume": 15669880.95, "trend": 37.078948, "fair_value": 84.031685, "relative_strength": 1.960865, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.474622, "energy": 68.969663, "activity_lines": [ 43.693325, 41.446217, 39.841039, 38.431054 ] }, { "date": "2024-04-19", "close": 40.675293, "volume": 10896887, "typical_volume": 15738036.6, "trend": 37.079708, "fair_value": 82.834345, "relative_strength": 3.05971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.315087, "energy": 60.838483, "activity_lines": [ 42.975638, 41.518489, 40.061294, 38.663077 ] }, { "date": "2024-04-26", "close": 41.983881, "volume": 10083655, "typical_volume": 15424715.6, "trend": 37.170691, "fair_value": 81.629536, "relative_strength": 3.746001, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.466773, "energy": 35.76193, "activity_lines": [ 42.427347, 41.82045, 40.377388, 38.979475 ] }, { "date": "2024-05-03", "close": 46.236794, "volume": 16132104, "typical_volume": 15514462.1, "trend": 37.507399, "fair_value": 80.454748, "relative_strength": 13.672741, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.68514, "energy": 35.862659, "activity_lines": [ 43.401519, 42.832354, 41.071697, 39.564385 ] }, { "date": "2024-05-10", "close": 44.819157, "volume": 9368676, "typical_volume": 15375085.3, "trend": 37.832701, "fair_value": 79.384623, "relative_strength": 8.135248, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.156005, "energy": 34.687656, "activity_lines": [ 43.859525, 43.441954, 41.570601, 40.036111 ] }, { "date": "2024-05-17", "close": 47.000137, "volume": 10185745, "typical_volume": 15176797.3, "trend": 38.313154, "fair_value": 78.296077, "relative_strength": 11.450871, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.141685, "energy": 42.82627, "activity_lines": [ 45.175383, 44.301944, 42.225112, 40.627559 ] }, { "date": "2024-05-24", "close": 41.438636, "volume": 8411032, "typical_volume": 14620023.7, "trend": 38.726525, "fair_value": 77.073985, "relative_strength": -1.687643, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.538662, "energy": 34.268183, "activity_lines": [ 44.273911, 43.92975, 42.291563, 40.829203 ] }, { "date": "2024-05-31", "close": 40.784342, "volume": 4555706, "typical_volume": 13857877.25, "trend": 38.992616, "fair_value": 75.883548, "relative_strength": -2.84994, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.915824, "energy": 20.424078, "activity_lines": [ 43.103452, 43.351951, 42.274544, 40.961965 ] }, { "date": "2024-06-07", "close": 39.039557, "volume": 1745524, "typical_volume": 13014208.75, "trend": 39.196963, "fair_value": 74.645388, "relative_strength": -8.072417, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.972147, "energy": 12.315086, "activity_lines": [ 41.431366, 42.507317, 42.071778, 40.964993 ] }, { "date": "2024-06-14", "close": 37.185724, "volume": 2992665, "typical_volume": 12316876.45, "trend": 39.325175, "fair_value": 73.509096, "relative_strength": -13.697388, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.19524, "energy": 15.91417, "activity_lines": [ 39.621152, 41.444584, 41.68375, 40.835236 ] }, { "date": "2024-06-21", "close": 38.167165, "volume": 1687818, "typical_volume": 11527768.55, "trend": 39.486102, "fair_value": 72.319807, "relative_strength": -11.891284, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.89593, "energy": 24.89743, "activity_lines": [ 38.646981, 40.734774, 41.396483, 40.760526 ] }, { "date": "2024-06-28", "close": 37.95433, "volume": 6236759, "typical_volume": 11113204.45, "trend": 39.596916, "fair_value": 71.165002, "relative_strength": -12.254871, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.115459, "energy": 34.865911, "activity_lines": [ 38.190729, 40.047731, 41.105902, 40.661702 ] }, { "date": "2024-07-05", "close": 38.06865, "volume": 4249875, "typical_volume": 9993730.15, "trend": 39.654183, "fair_value": 70.064703, "relative_strength": -13.414797, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.508024, "energy": 39.546124, "activity_lines": [ 38.004871, 39.430945, 40.837008, 40.563104 ] }, { "date": "2024-07-12", "close": 40.355055, "volume": 2683497, "typical_volume": 9390804.15, "trend": 39.88087, "fair_value": 69.099706, "relative_strength": -8.999611, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.082238, "energy": 23.222744, "activity_lines": [ 38.762195, 39.301055, 40.787929, 40.608321 ] }, { "date": "2024-07-19", "close": 39.783454, "volume": 5105216, "typical_volume": 8935810.2, "trend": 40.077749, "fair_value": 68.133801, "relative_strength": -8.466706, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.787865, "energy": 7.826895, "activity_lines": [ 39.241284, 39.174179, 40.674561, 40.602037 ] }, { "date": "2024-07-26", "close": 40.926657, "volume": 3810375, "typical_volume": 8577491.95, "trend": 40.284056, "fair_value": 67.157991, "relative_strength": -5.049194, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.63013, "energy": 5.275121, "activity_lines": [ 39.92826, 39.346715, 40.655771, 40.656805 ] }, { "date": "2024-08-02", "close": 38.525931, "volume": 3568282, "typical_volume": 8115906.35, "trend": 40.335056, "fair_value": 66.164722, "relative_strength": -8.565141, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.460826, "energy": 9.235989, "activity_lines": [ 39.631027, 39.193183, 40.379381, 40.543377 ] }, { "date": "2024-08-09", "close": 38.640251, "volume": 5178974, "typical_volume": 7605064.65, "trend": 40.400621, "fair_value": 65.238369, "relative_strength": -8.256049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.336981, "energy": 8.015962, "activity_lines": [ 39.333794, 39.113395, 40.105056, 40.434035 ] }, { "date": "2024-08-16", "close": 41.383938, "volume": 2830667, "typical_volume": 7015006.55, "trend": 40.539718, "fair_value": 64.404059, "relative_strength": -5.485374, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.190892, "energy": 11.517306, "activity_lines": [ 39.913017, 39.571442, 40.115444, 40.497475 ] }, { "date": "2024-08-23", "close": 40.126415, "volume": 1698914, "typical_volume": 6242294.0, "trend": 40.58671, "fair_value": 63.515498, "relative_strength": -9.626654, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.567891, "energy": 13.240801, "activity_lines": [ 40.004473, 39.758224, 40.026062, 40.47081 ] }, { "date": "2024-08-30", "close": 36.468166, "volume": 4978947, "typical_volume": 5820065.9, "trend": 40.411383, "fair_value": 62.596592, "relative_strength": -17.668482, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.463598, "energy": 30.348564, "activity_lines": [ 38.853649, 39.226403, 39.619968, 40.205098 ] }, { "date": "2024-09-06", "close": 35.553604, "volume": 6526296, "typical_volume": 5601536.35, "trend": 40.25576, "fair_value": 61.746279, "relative_strength": -15.641463, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.110645, "energy": 49.30803, "activity_lines": [ 37.695204, 38.559188, 39.150961, 39.891693 ] }, { "date": "2024-09-13", "close": 37.95433, "volume": 3442193, "typical_volume": 5269463.25, "trend": 40.237518, "fair_value": 60.943758, "relative_strength": -12.545117, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.59726, "energy": 50.483689, "activity_lines": [ 37.535155, 38.372118, 38.934983, 39.743213 ] }, { "date": "2024-09-20", "close": 37.154088, "volume": 1433201, "typical_volume": 4534518.1, "trend": 40.199772, "fair_value": 60.170576, "relative_strength": -14.947648, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.776346, "energy": 54.987719, "activity_lines": [ 37.154088, 38.041629, 38.661981, 39.544282 ] }, { "date": "2024-09-27", "close": 38.291926, "volume": 2981292, "typical_volume": 4215148.9, "trend": 40.250142, "fair_value": 59.421234, "relative_strength": -12.264741, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.309234, "energy": 41.699354, "activity_lines": [ 37.43429, 37.976218, 38.540595, 39.421195 ] }, { "date": "2024-10-04", "close": 37.593593, "volume": 6322614, "typical_volume": 4021992.35, "trend": 40.341761, "fair_value": 58.677067, "relative_strength": -13.664458, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.471263, "energy": 26.729434, "activity_lines": [ 37.604013, 37.810957, 38.383783, 39.249805 ] }, { "date": "2024-10-11", "close": 36.778871, "volume": 2749219, "typical_volume": 3738901.7, "trend": 40.345281, "fair_value": 57.937329, "relative_strength": -16.096157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.990234, "energy": 29.265845, "activity_lines": [ 37.427134, 37.558166, 38.194171, 39.019941 ] }, { "date": "2024-10-18", "close": 37.826371, "volume": 1160824, "typical_volume": 3569157.6, "trend": 40.154285, "fair_value": 57.200169, "relative_strength": -14.146724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.102972, "energy": 23.800542, "activity_lines": [ 37.517737, 37.527593, 38.126511, 38.857431 ] }, { "date": "2024-10-25", "close": 39.688592, "volume": 5812174, "typical_volume": 3772490.1, "trend": 39.957821, "fair_value": 56.525962, "relative_strength": -8.984183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.531838, "energy": 12.130592, "activity_lines": [ 38.237611, 37.850405, 38.250291, 38.827386 ] }, { "date": "2024-11-01", "close": 37.244426, "volume": 2213145, "typical_volume": 3733514.1, "trend": 39.639901, "fair_value": 55.808511, "relative_strength": -13.142932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.930305, "energy": 17.403926, "activity_lines": [ 37.973796, 37.759646, 38.138203, 38.652329 ] }, { "date": "2024-11-08", "close": 31.192207, "volume": 8795182, "typical_volume": 4088882.3, "trend": 39.294718, "fair_value": 54.948165, "relative_strength": -30.137274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.855102, "energy": 53.332625, "activity_lines": [ 35.762409, 36.620885, 37.449433, 38.107316 ] }, { "date": "2024-11-15", "close": 30.843041, "volume": 10496455, "typical_volume": 4301867.1, "trend": 38.966976, "fair_value": 54.240006, "relative_strength": -29.044426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.674149, "energy": 73.292589, "activity_lines": [ 33.861391, 35.514565, 36.760623, 37.562047 ] }, { "date": "2024-11-22", "close": 29.329986, "volume": 3862058, "typical_volume": 4282476.25, "trend": 38.54518, "fair_value": 53.553861, "relative_strength": -33.198944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.92112, "energy": 85.337449, "activity_lines": [ 31.851744, 34.21879, 35.961576, 36.940305 ] }, { "date": "2024-11-29", "close": 29.91193, "volume": 3015004, "typical_volume": 4299051.6, "trend": 38.001018, "fair_value": 52.964514, "relative_strength": -32.195336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.054237, "energy": 87.464974, "activity_lines": [ 30.602504, 33.18563, 35.259565, 36.383321 ] }, { "date": "2024-12-06", "close": 28.980819, "volume": 5757128, "typical_volume": 4331647.2, "trend": 37.473073, "fair_value": 52.360927, "relative_strength": -34.315866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.960954, "energy": 89.192207, "activity_lines": [ 29.694671, 32.114853, 34.518606, 35.801373 ] }, { "date": "2024-12-13", "close": 27.118598, "volume": 4722346, "typical_volume": 4377245.75, "trend": 36.810355, "fair_value": 51.743333, "relative_strength": -37.720093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.676436, "energy": 91.468741, "activity_lines": [ 28.717005, 30.874783, 33.651734, 35.133343 ] }, { "date": "2024-12-20", "close": 26.420265, "volume": 4723495, "typical_volume": 4435006.4, "trend": 36.309743, "fair_value": 51.100582, "relative_strength": -37.729355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.712859, "energy": 88.639177, "activity_lines": [ 27.778135, 29.698198, 32.784106, 34.463014 ] }, { "date": "2024-12-27", "close": 25.95471, "volume": 4073413, "typical_volume": 4379728.35, "trend": 35.815422, "fair_value": 50.503103, "relative_strength": -38.724369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.509051, "energy": 83.729185, "activity_lines": [ 26.978931, 28.625304, 31.929786, 33.794948 ] }, { "date": "2025-01-03", "close": 28.006225, "volume": 4460621, "typical_volume": 4461226.05, "trend": 35.447644, "fair_value": 49.933253, "relative_strength": -32.945688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.763115, "energy": 65.301301, "activity_lines": [ 27.088585, 28.141262, 31.331256, 33.291128 ] }, { "date": "2025-01-10", "close": 25.299741, "volume": 3766975, "typical_volume": 4564629.1, "trend": 35.051445, "fair_value": 49.347433, "relative_strength": -37.646315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.355989, "energy": 66.120533, "activity_lines": [ 26.423124, 27.377539, 30.538669, 32.636425 ] }, { "date": "2025-01-17", "close": 25.182068, "volume": 2497031, "typical_volume": 4440533.3, "trend": 34.618608, "fair_value": 48.835313, "relative_strength": -39.108479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.191367, "energy": 63.592979, "activity_lines": [ 25.963844, 26.809596, 29.805477, 31.999691 ] }, { "date": "2025-01-24", "close": 24.946721, "volume": 2144121, "typical_volume": 4221424.55, "trend": 34.185021, "fair_value": 48.33892, "relative_strength": -40.051796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.838013, "energy": 63.000357, "activity_lines": [ 25.555217, 26.308138, 29.103616, 31.375698 ] }, { "date": "2025-01-31", "close": 24.829048, "volume": 3248268, "typical_volume": 4211728.3, "trend": 33.743701, "fair_value": 47.811439, "relative_strength": -38.966311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.676432, "energy": 64.372587, "activity_lines": [ 25.205602, 25.892491, 28.441056, 30.772087 ] }, { "date": "2025-02-07", "close": 25.535088, "volume": 5832022, "typical_volume": 4431669.35, "trend": 33.249702, "fair_value": 47.226438, "relative_strength": -36.419648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.606818, "energy": 70.033335, "activity_lines": [ 25.166378, 25.68705, 27.908239, 30.242499 ] }, { "date": "2025-02-14", "close": 25.535088, "volume": 3055687, "typical_volume": 4435389.1, "trend": 32.774756, "fair_value": 46.710376, "relative_strength": -36.691888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.822131, "energy": 63.420428, "activity_lines": [ 25.291896, 25.561189, 27.430752, 29.744782 ] }, { "date": "2025-02-21", "close": 24.613314, "volume": 2188714, "typical_volume": 4228694.1, "trend": 32.230978, "fair_value": 46.205641, "relative_strength": -37.340961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.796449, "energy": 59.708111, "activity_lines": [ 25.094467, 25.330381, 26.926222, 29.218238 ] }, { "date": "2025-02-28", "close": 22.053922, "volume": 716456, "typical_volume": 4127055.95, "trend": 31.681911, "fair_value": 45.735515, "relative_strength": -42.714592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.289259, "energy": 66.755133, "activity_lines": [ 24.081824, 24.67978, 26.239753, 28.561653 ] }, { "date": "2025-03-07", "close": 20.847771, "volume": 521286, "typical_volume": 4095079.05, "trend": 31.088829, "fair_value": 45.270067, "relative_strength": -43.581943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.438422, "energy": 72.223944, "activity_lines": [ 22.859983, 23.889267, 25.50853, 27.862676 ] }, { "date": "2025-03-14", "close": 19.906385, "volume": 331878, "typical_volume": 3821064.25, "trend": 30.37291, "fair_value": 44.726197, "relative_strength": -44.252135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.370683, "energy": 90.713056, "activity_lines": [ 21.589766, 23.020447, 24.768502, 27.141228 ] }, { "date": "2025-03-21", "close": 19.935804, "volume": 212026, "typical_volume": 3721008.3, "trend": 29.69989, "fair_value": 44.080484, "relative_strength": -43.612833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.77765, "energy": 91.01564, "activity_lines": [ 20.704602, 22.304245, 24.125477, 26.467867 ] }, { "date": "2025-03-28", "close": 19.41608, "volume": 270437, "typical_volume": 3294771.05, "trend": 29.131487, "fair_value": 43.490729, "relative_strength": -43.333891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.997845, "energy": 90.335232, "activity_lines": [ 20.019482, 21.591074, 23.515376, 25.804395 ] }, { "date": "2025-04-04", "close": 17.209708, "volume": 436166, "typical_volume": 2791756.6, "trend": 28.520024, "fair_value": 42.957148, "relative_strength": -43.759833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.493707, "energy": 94.287582, "activity_lines": [ 18.945388, 20.58158, 22.751222, 25.035248 ] }, { "date": "2025-04-11", "close": 17.05281, "volume": 398642, "typical_volume": 2618585.8, "trend": 27.823307, "fair_value": 42.428767, "relative_strength": -46.405655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.375155, "energy": 91.201186, "activity_lines": [ 18.141941, 19.684233, 22.037045, 24.295428 ] }, { "date": "2025-04-18", "close": 18.376634, "volume": 203547, "typical_volume": 2478012.95, "trend": 27.197391, "fair_value": 41.964023, "relative_strength": -40.491783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.999587, "energy": 68.171053, "activity_lines": [ 18.032767, 19.168967, 21.50741, 23.685965 ] }, { "date": "2025-04-25", "close": 19.886773, "volume": 287644, "typical_volume": 2204538.75, "trend": 26.583886, "fair_value": 41.529642, "relative_strength": -37.460759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.387148, "energy": 64.606358, "activity_lines": [ 18.528955, 19.058425, 21.176527, 23.214312 ] }, { "date": "2025-05-02", "close": 20.396691, "volume": 223605, "typical_volume": 1979601.7, "trend": 26.010656, "fair_value": 41.115765, "relative_strength": -36.506146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.401249, "energy": 48.479943, "activity_lines": [ 19.198385, 19.143293, 20.937513, 22.815138 ] }, { "date": "2025-05-09", "close": 19.004224, "volume": 101765, "typical_volume": 1748515.2, "trend": 25.418168, "fair_value": 40.708817, "relative_strength": -39.489396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.98487, "energy": 41.719433, "activity_lines": [ 19.338285, 19.05165, 20.597893, 22.363111 ] }, { "date": "2025-05-16", "close": 20.063283, "volume": 168524, "typical_volume": 1553270.75, "trend": 24.826065, "fair_value": 40.313485, "relative_strength": -38.127395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.832101, "energy": 31.146611, "activity_lines": [ 19.711571, 19.208013, 20.394449, 22.017634 ] }, { "date": "2025-05-23", "close": 19.465111, "volume": 110703, "typical_volume": 1335774.85, "trend": 24.151949, "fair_value": 39.935, "relative_strength": -37.400904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.685675, "energy": 29.248125, "activity_lines": [ 19.684768, 19.26988, 20.162091, 21.671766 ] }, { "date": "2025-05-30", "close": 18.464889, "volume": 117388, "typical_volume": 1153295.5, "trend": 23.525964, "fair_value": 39.566648, "relative_strength": -40.654594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.015886, "energy": 37.893441, "activity_lines": [ 19.251992, 19.157913, 19.875146, 21.304859 ] }, { "date": "2025-06-06", "close": 18.592368, "volume": 171220, "typical_volume": 1037004.95, "trend": 23.10597, "fair_value": 39.245304, "relative_strength": -40.281801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.000189, "energy": 41.374088, "activity_lines": [ 18.956501, 19.095867, 19.632889, 20.986562 ] }, { "date": "2025-06-13", "close": 17.98439, "volume": 117516, "typical_volume": 935674.7, "trend": 22.677348, "fair_value": 38.942812, "relative_strength": -41.172938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.302056, "energy": 47.885368, "activity_lines": [ 18.57864, 18.938256, 19.364108, 20.656138 ] }, { "date": "2025-06-20", "close": 16.631148, "volume": 188885, "typical_volume": 782705.55, "trend": 22.254054, "fair_value": 38.601313, "relative_strength": -44.620672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.847399, "energy": 60.867104, "activity_lines": [ 17.817686, 18.520516, 18.999601, 20.26606 ] }, { "date": "2025-06-27", "close": 17.092034, "volume": 249312, "typical_volume": 503570.05, "trend": 21.826724, "fair_value": 38.3062, "relative_strength": -44.084462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.605423, "energy": 61.909524, "activity_lines": [ 17.43917, 18.19424, 18.718026, 19.933027 ] }, { "date": "2025-07-04", "close": 18.602174, "volume": 153642, "typical_volume": 358467.8, "trend": 21.480769, "fair_value": 38.011805, "relative_strength": -39.22476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.618543, "energy": 49.246059, "activity_lines": [ 17.72224, 18.165892, 18.620479, 19.724992 ] }, { "date": "2025-07-11", "close": 20.74971, "volume": 382386, "typical_volume": 268151.4, "trend": 21.268473, "fair_value": 37.751858, "relative_strength": -30.944819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.970586, "energy": 21.632933, "activity_lines": [ 18.712002, 18.551361, 18.760473, 19.677826 ] }, { "date": "2025-07-18", "close": 19.916192, "volume": 242568, "typical_volume": 244457.0, "trend": 21.05167, "fair_value": 37.467955, "relative_strength": -33.024128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.394182, "energy": 15.604957, "activity_lines": [ 19.280103, 18.778862, 18.839482, 19.590583 ] }, { "date": "2025-07-25", "close": 22.063728, "volume": 288813, "typical_volume": 232833.35, "trend": 20.921971, "fair_value": 37.201264, "relative_strength": -25.659562, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.506081, "energy": 25.937434, "activity_lines": [ 20.435261, 19.380244, 19.133198, 19.655877 ] }, { "date": "2025-08-01", "close": 20.847771, "volume": 180414, "typical_volume": 225260.15, "trend": 20.683356, "fair_value": 36.916439, "relative_strength": -26.820764, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.030178, "energy": 32.108454, "activity_lines": [ 20.822929, 19.72417, 19.305318, 19.651089 ] }, { "date": "2025-08-08", "close": 23.848438, "volume": 235930, "typical_volume": 226455.35, "trend": 20.634979, "fair_value": 36.632923, "relative_strength": -17.067089, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.973972, "energy": 61.658498, "activity_lines": [ 21.960437, 20.588534, 19.758734, 19.855288 ] }, { "date": "2025-08-15", "close": 29.575201, "volume": 1133641, "typical_volume": 269615.55, "trend": 20.781417, "fair_value": 36.40749, "relative_strength": 3.149097, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 67.441123, "energy": 79.703565, "activity_lines": [ 24.657115, 22.396244, 20.738923, 20.432077 ] }, { "date": "2025-08-22", "close": 33.046561, "volume": 577718, "typical_volume": 276693.15, "trend": 21.051411, "fair_value": 36.20224, "relative_strength": 15.976162, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 95.814915, "energy": 97.21454, "activity_lines": [ 27.922546, 24.635422, 22.001342, 21.223377 ] }, { "date": "2025-08-29", "close": 37.027838, "volume": 674606, "typical_volume": 290491.35, "trend": 21.458038, "fair_value": 36.049398, "relative_strength": 30.460817, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.891369, "energy": 98.131659, "activity_lines": [ 31.639712, 27.324612, 23.567517, 22.254114 ] }, { "date": "2025-09-05", "close": 32.585674, "volume": 834834, "typical_volume": 322055.7, "trend": 21.693057, "fair_value": 35.856361, "relative_strength": 15.240568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.235413, "energy": 88.317479, "activity_lines": [ 32.87855, 28.835286, 24.615509, 22.972026 ] }, { "date": "2025-09-12", "close": 30.438138, "volume": 375316, "typical_volume": 326439.3, "trend": 21.856492, "fair_value": 35.682648, "relative_strength": 7.020265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.447635, "energy": 85.600575, "activity_lines": [ 32.619015, 29.673797, 25.391311, 23.536225 ] }, { "date": "2025-09-19", "close": 31.693319, "volume": 439555, "typical_volume": 337236.8, "trend": 22.092492, "fair_value": 35.559035, "relative_strength": 10.980024, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.112422, "energy": 63.005368, "activity_lines": [ 32.33856, 30.525323, 26.236411, 24.170859 ] }, { "date": "2025-09-26", "close": 30.40872, "volume": 351352, "typical_volume": 349716.15, "trend": 22.370986, "fair_value": 35.437529, "relative_strength": 7.838316, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.134515, "energy": 50.861177, "activity_lines": [ 31.488698, 30.944311, 26.905373, 24.707389 ] }, { "date": "2025-10-03", "close": 36.06684, "volume": 751580, "typical_volume": 378868.95, "trend": 22.878288, "fair_value": 35.316443, "relative_strength": 27.209556, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.513268, "energy": 53.911548, "activity_lines": [ 32.700732, 32.201275, 28.058898, 25.590993 ] }, { "date": "2025-10-10", "close": 36.331605, "volume": 971193, "typical_volume": 421893.45, "trend": 23.425795, "fair_value": 35.22601, "relative_strength": 31.834418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.623837, "energy": 55.273343, "activity_lines": [ 34.065088, 33.251776, 29.16143, 26.458949 ] }, { "date": "2025-10-17", "close": 34.615537, "volume": 508350, "typical_volume": 441441.55, "trend": 23.91512, "fair_value": 35.106652, "relative_strength": 24.215656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.277601, "energy": 50.393941, "activity_lines": [ 34.607692, 33.70874, 30.020211, 27.180868 ] }, { "date": "2025-10-24", "close": 34.046783, "volume": 310938, "typical_volume": 448427.45, "trend": 24.40281, "fair_value": 34.966413, "relative_strength": 20.913638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.969476, "energy": 49.624122, "activity_lines": [ 34.682219, 33.866529, 30.747917, 27.834523 ] }, { "date": "2025-10-31", "close": 31.781574, "volume": 279554, "typical_volume": 456529.35, "trend": 24.888539, "fair_value": 34.802001, "relative_strength": 13.08858, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.148571, "energy": 40.662878, "activity_lines": [ 33.844778, 33.531161, 31.186297, 28.310573 ] }, { "date": "2025-11-07", "close": 29.320243, "volume": 306579, "typical_volume": 462414.05, "trend": 25.297453, "fair_value": 34.592858, "relative_strength": 6.506046, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.956928, "energy": 23.751252, "activity_lines": [ 32.095369, 32.771277, 31.324563, 28.596489 ] }, { "date": "2025-11-14", "close": 25.60373, "volume": 663771, "typical_volume": 483137.0, "trend": 25.538356, "fair_value": 34.365405, "relative_strength": -6.461196, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.616305, "energy": 17.10545, "activity_lines": [ 29.556896, 31.475802, 31.048451, 28.616249 ] }, { "date": "2025-11-21", "close": 24.936915, "volume": 291609, "typical_volume": 490035.35, "trend": 25.706694, "fair_value": 34.130231, "relative_strength": -6.584422, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.22832, "energy": 21.775581, "activity_lines": [ 27.511344, 30.186032, 30.668301, 28.577446 ] }, { "date": "2025-11-28", "close": 24.760406, "volume": 251334, "typical_volume": 483482.75, "trend": 25.852151, "fair_value": 33.851183, "relative_strength": -9.952932, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.1934, "energy": 28.751709, "activity_lines": [ 26.052196, 28.964192, 30.241176, 28.516395 ] }, { "date": "2025-12-05", "close": 25.417414, "volume": 376383, "typical_volume": 490173.5, "trend": 26.065924, "fair_value": 33.658385, "relative_strength": -7.378281, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.176596, "energy": 45.559655, "activity_lines": [ 25.431143, 27.987861, 29.857523, 28.488348 ] }, { "date": "2025-12-12", "close": 37.547562, "volume": 925859, "typical_volume": 522025.8, "trend": 26.648734, "fair_value": 33.564716, "relative_strength": 36.977969, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.413839, "energy": 17.934446, "activity_lines": [ 29.27775, 29.307762, 30.602927, 29.229099 ] }, { "date": "2025-12-19", "close": 33.007337, "volume": 1583745, "typical_volume": 592192.35, "trend": 27.100141, "fair_value": 33.475724, "relative_strength": 20.081498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.674199, "energy": 20.375558, "activity_lines": [ 31.06246, 29.775246, 30.842196, 29.639331 ] }, { "date": "2025-12-26", "close": 30.575424, "volume": 387818, "typical_volume": 599786.75, "trend": 27.503826, "fair_value": 33.378036, "relative_strength": 9.659489, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.690694, "energy": 23.769769, "activity_lines": [ 31.542959, 29.861005, 30.791952, 29.863543 ] }, { "date": "2026-01-02", "close": 30.65, "volume": 279528, "typical_volume": 557081.1, "trend": 27.905747, "fair_value": 33.274621, "relative_strength": 11.234791, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.046506, "energy": 28.491944, "activity_lines": [ 31.672416, 30.033779, 30.716776, 30.066522 ] }, { "date": "2026-01-09", "close": 30.21, "volume": 240716, "typical_volume": 540231.0, "trend": 28.313267, "fair_value": 33.151152, "relative_strength": 7.945367, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.181591, "energy": 18.769943, "activity_lines": [ 31.262567, 30.188314, 30.594578, 30.215183 ] }, { "date": "2026-01-16", "close": 29.83, "volume": 238642, "typical_volume": 518432.8, "trend": 28.753229, "fair_value": 33.036276, "relative_strength": 6.933727, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.983023, "energy": 9.601655, "activity_lines": [ 30.406546, 30.302332, 30.449697, 30.313037 ] }, { "date": "2026-01-23", "close": 29.91, "volume": 422853, "typical_volume": 497833.75, "trend": 29.180494, "fair_value": 32.920535, "relative_strength": 7.502014, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.67403, "energy": 7.064642, "activity_lines": [ 30.091695, 30.421626, 30.34671, 30.387667 ] }, { "date": "2026-01-30", "close": 26.07, "volume": 256730, "typical_volume": 491904.45, "trend": 29.429422, "fair_value": 32.769148, "relative_strength": -6.489608, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.728558, "energy": 20.502982, "activity_lines": [ 28.703333, 29.764443, 29.89075, 30.18699 ] }, { "date": "2026-02-06", "close": 26.54, "volume": 165980, "typical_volume": 478225.7, "trend": 29.622432, "fair_value": 32.646281, "relative_strength": -4.409058, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.253442, "energy": 35.156199, "activity_lines": [ 27.772, 29.172114, 29.500353, 30.000576 ] }, { "date": "2026-02-13", "close": 25.25, "volume": 183345, "typical_volume": 469825.35, "trend": 29.800225, "fair_value": 32.507562, "relative_strength": -7.636389, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.048811, "energy": 59.48121, "activity_lines": [ 26.684667, 28.312882, 29.011638, 29.718484 ] }, { "date": "2026-02-20", "close": 25.83, "volume": 242308, "typical_volume": 444361.75, "trend": 29.925768, "fair_value": 32.391864, "relative_strength": -6.385881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.239009, "energy": 61.975912, "activity_lines": [ 26.121333, 27.562149, 28.602727, 29.46234 ] }, { "date": "2026-02-27", "close": 25.96, "volume": 246249, "typical_volume": 408114.55, "trend": 30.096175, "fair_value": 32.274931, "relative_strength": -5.456189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.668465, "energy": 56.462145, "activity_lines": [ 25.868, 27.048099, 28.254944, 29.206484 ] }, { "date": "2026-03-06", "close": 25.9, "volume": 248437, "typical_volume": 395118.9, "trend": 30.164561, "fair_value": 32.18519, "relative_strength": -3.853042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.385611, "energy": 47.75501, "activity_lines": [ 25.858, 26.651273, 27.950835, 28.935763 ] }, { "date": "2026-03-13", "close": 24.7914, "volume": 119942, "typical_volume": 385569.1, "trend": 30.005101, "fair_value": 32.093168, "relative_strength": -6.640227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.727447, "energy": 52.671979, "activity_lines": [ 25.4898, 26.137891, 27.582647, 28.589108 ] }, { "date": "2026-03-20", "close": 22.73, "volume": 118067, "typical_volume": 377494.75, "trend": 29.661215, "fair_value": 31.997583, "relative_strength": -12.804338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.167441, "energy": 75.189572, "activity_lines": [ 24.55104, 25.356229, 27.062209, 28.119746 ] }, { "date": "2026-03-27", "close": 22.3, "volume": 112287, "typical_volume": 367780.15, "trend": 29.170287, "fair_value": 31.897863, "relative_strength": -12.493048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.999547, "energy": 81.321651, "activity_lines": [ 23.636947, 24.632385, 26.543921, 27.644829 ] }, { "date": "2026-04-03", "close": 23.93, "volume": 153764, "typical_volume": 342279.8, "trend": 28.881765, "fair_value": 31.818933, "relative_strength": -9.298019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.022879, "energy": 74.074361, "activity_lines": [ 23.50152, 24.341815, 26.214301, 27.306746 ] }, { "date": "2026-04-10", "close": 24.27, "volume": 112498, "typical_volume": 333324.25, "trend": 28.67616, "fair_value": 31.746319, "relative_strength": -11.353269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.275857, "energy": 68.92579, "activity_lines": [ 23.61476, 24.221789, 25.925032, 27.009213 ] }, { "date": "2026-04-17", "close": 25.24, "volume": 116976, "typical_volume": 326606.35, "trend": 28.46105, "fair_value": 31.686127, "relative_strength": -11.802955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.398744, "energy": 42.666544, "activity_lines": [ 24.16, 24.310855, 25.73132, 26.787525 ] }, { "date": "2026-04-24", "close": 27.31, "volume": 637859, "typical_volume": 339680.15, "trend": 28.357759, "fair_value": 31.632311, "relative_strength": -5.155575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.788139, "energy": 17.04638, "activity_lines": [ 25.365333, 24.79992, 25.732467, 26.713264 ] }, { "date": "2026-05-01", "close": 27.43, "volume": 137234, "typical_volume": 300248.9, "trend": 28.069864, "fair_value": 31.563407, "relative_strength": -5.700529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.878377, "energy": 18.198265, "activity_lines": [ 26.305333, 25.273349, 25.73603, 26.653408 ] }, { "date": "2026-05-08", "close": 26.96, "volume": 221098, "typical_volume": 232116.55, "trend": 27.757478, "fair_value": 31.51562, "relative_strength": -9.555861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.605881, "energy": 20.106594, "activity_lines": [ 26.746667, 25.632233, 25.743011, 26.581804 ] }, { "date": "2026-05-15", "close": 24.9, "volume": 116794, "typical_volume": 218565.35, "trend": 27.433626, "fair_value": 31.450491, "relative_strength": -16.623324, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.051094, "energy": 17.391976, "activity_lines": [ 26.299333, 25.598389, 25.582597, 26.397451 ] }, { "date": "2026-05-22", "close": 24.98, "volume": 273508, "typical_volume": 218264.35, "trend": 27.1314, "fair_value": 31.397595, "relative_strength": -17.061649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.49107, "energy": 11.890919, "activity_lines": [ 25.836667, 25.597273, 25.456829, 26.239152 ] }, { "date": "2026-05-29", "close": 26.57, "volume": 116510, "typical_volume": 212054.05, "trend": 26.957681, "fair_value": 31.357649, "relative_strength": -13.188631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.137922, "energy": 8.041625, "activity_lines": [ 25.921333, 25.881818, 25.509489, 26.202933 ] }, { "date": "2026-06-05", "close": 27.02, "volume": 301203, "typical_volume": 215182.1, "trend": 26.881006, "fair_value": 31.321276, "relative_strength": -9.677781, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.593861, "energy": 5.752627, "activity_lines": [ 26.205333, 26.178364, 25.622339, 26.206954 ] }, { "date": "2026-06-12", "close": 25.35, "volume": 177668, "typical_volume": 202922.85, "trend": 26.872549, "fair_value": 31.272131, "relative_strength": -15.88785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.162432, "energy": 11.922977, "activity_lines": [ 25.96, 26.085455, 25.589523, 26.108179 ] }, { "date": "2026-06-19", "close": 25.19, "volume": 147080, "typical_volume": 197440.35, "trend": 26.880985, "fair_value": 31.229543, "relative_strength": -17.400429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.38721, "energy": 13.186757, "activity_lines": [ 25.768667, 25.937636, 25.563183, 25.999628 ] }, { "date": "2026-06-26", "close": 24.43, "volume": 225803, "typical_volume": 200431.5, "trend": 26.869971, "fair_value": 31.180015, "relative_strength": -18.150467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.58591, "energy": 19.64349, "activity_lines": [ 25.304667, 25.634909, 25.468652, 25.841499 ] }, { "date": "2026-07-03", "close": 25.66, "volume": 266169, "typical_volume": 204572.7, "trend": 26.878057, "fair_value": 31.123894, "relative_strength": -16.024803, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.774422, "energy": 19.345872, "activity_lines": [ 25.287333, 25.570545, 25.501312, 25.763437 ] }, { "date": "2026-07-10", "close": 23.81, "volume": 197639, "typical_volume": 202339.25, "trend": 26.420139, "fair_value": 31.060051, "relative_strength": -23.05299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.741963, "energy": 36.53042, "activity_lines": [ 24.714, 25.199818, 25.35583, 25.565498 ] }, { "date": "2026-07-17", "close": 23.77, "volume": 141207, "typical_volume": 197087.15, "trend": 26.112227, "fair_value": 31.002156, "relative_strength": -21.973329, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.695922, "energy": 43.849008, "activity_lines": [ 24.341333, 24.887636, 25.216156, 25.394521 ] }, { "date": "2026-07-24", "close": 22.7628, "volume": 127838, "typical_volume": 191057.2, "trend": 25.851807, "fair_value": 30.930911, "relative_strength": -24.689912, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.117084, "energy": 59.42997, "activity_lines": [ 23.738267, 24.450327, 24.990988, 25.178429 ] }, { "date": "2026-07-31", "close": 22.95, "volume": 107350, "typical_volume": 190427.6, "trend": 25.59514, "fair_value": 30.858797, "relative_strength": -24.78136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.736762, "energy": 64.086868, "activity_lines": [ 23.359413, 24.085913, 24.798587, 24.991215 ] }, { "date": "2026-08-07", "close": 23.67, "volume": 108700, "typical_volume": 189959.25, "trend": 25.37714, "fair_value": 30.799572, "relative_strength": -24.797076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.272698, "energy": 56.549643, "activity_lines": [ 23.319227, 23.889316, 24.683526, 24.867013 ] } ], "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." } } }