{ "ticker": { "uuid": "8781f09d-5a29-4fe8-b24c-04ac0928a4d1", "symbol": "INH", "name": "INDUS Holding AG", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.399, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 43.152, "architecture_energy": 46.333, "architecture_maturity": 17.794, "architecture_confidence": 77.846, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 31.36, "rotation_up": 68.69, "upward_expansion": 40.62, "deceleration": 40.69, "rotation_down": 19.38, "downward_expansion": 22.62 }, "activity_lines": [ 29.903334, 28.600909, 28.346325, 28.394509 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 31.700001, "trend_reference": 28.847895, "distance_from_trend": 0.098867, "trend_direction": "Improving", "fair_value": 23.071663, "distance_from_fair_value": 0.37398, "fair_value_direction": "Improving", "relative_strength": -3.529152, "relative_strength_direction": "Weakening", "price_momentum": -0.021605, "excess_performance": -0.195852, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.098867, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016323, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.37398, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.015545, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035292, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.063538, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.021605, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.812399, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.812399, "dry_up": 1.265521, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.045024, "annualized_volatility": 0.333605, "from_high_reference": -0.055142, "from_low_reference": 0.495283 }, "levels": { "trend_reference": 28.847895, "fair_value_reference": 23.071663, "structural_low": 25.25, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.025182, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.053897, "regime_survival": 0.333333, "best_return": 0.122727, "worst_return": -0.114754, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.009697, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.035147, "regime_survival": 0.0, "best_return": 0.222989, "worst_return": -0.202682, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.081193, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.019766, "regime_survival": 0.0, "best_return": 0.162744, "worst_return": -0.265268, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.004188, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.060175, "regime_survival": 0.0, "best_return": 0.359222, "worst_return": -0.237425, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": 0.105708, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-04-18", "tenure": "Developing", "return": -0.090226, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.007984, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": -0.026549, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-18", "tenure": "Developing", "return": 0.107993, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-09-05", "tenure": "Developing", "return": -0.0625, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": -0.042601, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-03-06", "tenure": "Established", "return": 0.18254, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": -0.028511, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.122164, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": -0.021138, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.01845, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.047348, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.00158, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 20.938707, "volume": 0, "typical_volume": 4.2, "trend": 22.076974, "fair_value": 24.377403, "relative_strength": 2.679886, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.278082, "energy": 63.877762, "activity_lines": [ 21.509764, 21.916837, 22.373842, 22.281851 ] }, { "date": "2023-08-25", "close": 20.168236, "volume": 0, "typical_volume": 4.2, "trend": 22.025563, "fair_value": 24.350499, "relative_strength": -0.476412, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.182193, "energy": 78.077531, "activity_lines": [ 20.977987, 21.535309, 22.141961, 22.158707 ] }, { "date": "2023-09-01", "close": 20.213556, "volume": 0, "typical_volume": 4.2, "trend": 21.977128, "fair_value": 24.328659, "relative_strength": -2.433562, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.991382, "energy": 81.081389, "activity_lines": [ 20.61239, 21.219703, 21.921114, 22.041803 ] }, { "date": "2023-09-08", "close": 19.488407, "volume": 0, "typical_volume": 4.2, "trend": 21.916241, "fair_value": 24.299253, "relative_strength": -5.182987, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.408818, "energy": 94.909171, "activity_lines": [ 20.138021, 20.818399, 21.643355, 21.881241 ] }, { "date": "2023-09-15", "close": 18.899223, "volume": 0, "typical_volume": 4.2, "trend": 21.821065, "fair_value": 24.272435, "relative_strength": -9.200459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.128853, "energy": 95.903413, "activity_lines": [ 19.624373, 20.38166, 21.328855, 21.686594 ] }, { "date": "2023-09-22", "close": 18.264717, "volume": 0, "typical_volume": 4.2, "trend": 21.694485, "fair_value": 24.251095, "relative_strength": -11.599536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.719404, "energy": 96.652766, "activity_lines": [ 19.065403, 19.88724, 20.974848, 21.457152 ] }, { "date": "2023-09-29", "close": 18.219397, "volume": 0, "typical_volume": 4.2, "trend": 21.610342, "fair_value": 24.222836, "relative_strength": -12.012378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.487128, "energy": 94.251362, "activity_lines": [ 18.669593, 19.457095, 20.641094, 21.232953 ] }, { "date": "2023-10-06", "close": 18.092493, "volume": 0, "typical_volume": 4.2, "trend": 21.539548, "fair_value": 24.191376, "relative_strength": -11.291873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.544296, "energy": 93.046249, "activity_lines": [ 18.361404, 19.080511, 20.315856, 21.005995 ] }, { "date": "2023-10-13", "close": 18.35536, "volume": 0, "typical_volume": 4.2, "trend": 21.506815, "fair_value": 24.160541, "relative_strength": -10.821585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.555694, "energy": 88.712132, "activity_lines": [ 18.282241, 18.826543, 20.041507, 20.800564 ] }, { "date": "2023-10-20", "close": 17.312958, "volume": 0, "typical_volume": 4.2, "trend": 21.434941, "fair_value": 24.128593, "relative_strength": -12.75485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.516558, "energy": 94.066371, "activity_lines": [ 17.931148, 18.446499, 19.689248, 20.529992 ] }, { "date": "2023-10-27", "close": 16.605936, "volume": 0, "typical_volume": 4.2, "trend": 21.255998, "fair_value": 24.100863, "relative_strength": -15.809745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.93299, "energy": 92.770634, "activity_lines": [ 17.450132, 18.012068, 19.296631, 20.218444 ] }, { "date": "2023-11-03", "close": 18.019979, "volume": 0, "typical_volume": 4.2, "trend": 21.137373, "fair_value": 24.079811, "relative_strength": -13.306082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.592968, "energy": 66.860317, "activity_lines": [ 17.551048, 17.913514, 19.068598, 20.009668 ] }, { "date": "2023-11-10", "close": 17.331087, "volume": 0, "typical_volume": 4.2, "trend": 20.956232, "fair_value": 24.03419, "relative_strength": -16.856349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.842464, "energy": 67.840072, "activity_lines": [ 17.435629, 17.728765, 18.800292, 19.764101 ] }, { "date": "2023-11-17", "close": 19.352442, "volume": 0, "typical_volume": 4.2, "trend": 20.816101, "fair_value": 23.99357, "relative_strength": -9.115178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.025458, "energy": 51.799195, "activity_lines": [ 18.044755, 17.963945, 18.750309, 19.660631 ] }, { "date": "2023-11-24", "close": 19.171154, "volume": 0, "typical_volume": 4.2, "trend": 20.678716, "fair_value": 23.943834, "relative_strength": -9.321774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.799084, "energy": 29.786373, "activity_lines": [ 18.52698, 18.168635, 18.702483, 19.554505 ] }, { "date": "2023-12-01", "close": 18.536648, "volume": 0, "typical_volume": 4.2, "trend": 20.515786, "fair_value": 23.888439, "relative_strength": -13.824553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.221458, "energy": 27.805664, "activity_lines": [ 18.673822, 18.253016, 18.608041, 19.416307 ] }, { "date": "2023-12-08", "close": 19.850983, "volume": 0, "typical_volume": 4.2, "trend": 20.425966, "fair_value": 23.845712, "relative_strength": -7.781651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.650979, "energy": 25.766739, "activity_lines": [ 19.130063, 18.571422, 18.656471, 19.373417 ] }, { "date": "2023-12-15", "close": 20.485491, "volume": 0, "typical_volume": 4.2, "trend": 20.324748, "fair_value": 23.802545, "relative_strength": -6.26684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.201916, "energy": 28.739124, "activity_lines": [ 19.675739, 18.975529, 18.777631, 19.377257 ] }, { "date": "2023-12-22", "close": 19.986948, "volume": 0, "typical_volume": 4.2, "trend": 20.229572, "fair_value": 23.75459, "relative_strength": -9.464712, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.772083, "energy": 26.788362, "activity_lines": [ 19.84494, 19.245483, 18.859513, 19.355464 ] }, { "date": "2023-12-29", "close": 20.168236, "volume": 114, "typical_volume": 5.7, "trend": 20.135906, "fair_value": 23.712837, "relative_strength": -9.28538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.677745, "energy": 32.284446, "activity_lines": [ 20.032271, 19.518732, 18.967508, 19.351506 ] }, { "date": "2024-01-05", "close": 19.715017, "volume": 0, "typical_volume": 5.7, "trend": 20.030155, "fair_value": 23.659161, "relative_strength": -11.019888, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 4.521521, "energy": 31.855753, "activity_lines": [ 20.002056, 19.657665, 19.038167, 19.324352 ] }, { "date": "2024-01-12", "close": 20.122915, "volume": 0, "typical_volume": 5.7, "trend": 19.922894, "fair_value": 23.610223, "relative_strength": -8.138033, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.414623, "energy": 27.608512, "activity_lines": [ 20.029249, 19.814231, 19.153501, 19.330337 ] }, { "date": "2024-01-19", "close": 20.168236, "volume": 0, "typical_volume": 5.7, "trend": 19.836782, "fair_value": 23.562635, "relative_strength": -6.290946, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.209982, "energy": 25.123527, "activity_lines": [ 20.053421, 19.940803, 19.273366, 19.346165 ] }, { "date": "2024-01-26", "close": 20.349524, "volume": 0, "typical_volume": 5.7, "trend": 19.734052, "fair_value": 23.515944, "relative_strength": -8.340827, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.807798, "energy": 27.769949, "activity_lines": [ 20.159172, 20.048751, 19.410713, 19.379246 ] }, { "date": "2024-02-02", "close": 19.805662, "volume": 0, "typical_volume": 5.7, "trend": 19.658516, "fair_value": 23.461524, "relative_strength": -10.231019, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.644973, "energy": 23.636206, "activity_lines": [ 20.059464, 20.039687, 19.492163, 19.383865 ] }, { "date": "2024-02-09", "close": 19.443087, "volume": 0, "typical_volume": 5.7, "trend": 19.564851, "fair_value": 23.406902, "relative_strength": -9.61885, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.705367, "energy": 13.892671, "activity_lines": [ 19.863069, 19.953164, 19.534766, 19.369967 ] }, { "date": "2024-02-16", "close": 19.352442, "volume": 0, "typical_volume": 5.7, "trend": 19.462121, "fair_value": 23.350107, "relative_strength": -11.157048, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.772693, "energy": 10.169215, "activity_lines": [ 19.654589, 19.833679, 19.563124, 19.356263 ] }, { "date": "2024-02-23", "close": 20.258879, "volume": 0, "typical_volume": 5.7, "trend": 19.39716, "fair_value": 23.3031, "relative_strength": -6.282136, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.301713, "energy": 23.097979, "activity_lines": [ 19.799618, 19.888065, 19.672415, 19.407667 ] }, { "date": "2024-03-01", "close": 20.712099, "volume": 0, "typical_volume": 5.7, "trend": 19.359392, "fair_value": 23.26059, "relative_strength": -4.086043, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.25895, "energy": 36.398905, "activity_lines": [ 20.089678, 20.028974, 19.814553, 19.492502 ] }, { "date": "2024-03-08", "close": 20.576134, "volume": 0, "typical_volume": 5.7, "trend": 19.332198, "fair_value": 23.203949, "relative_strength": -4.778461, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.303428, "energy": 52.416945, "activity_lines": [ 20.310245, 20.131979, 19.932519, 19.571001 ] }, { "date": "2024-03-15", "close": 21.346605, "volume": 0, "typical_volume": 5.7, "trend": 19.345795, "fair_value": 23.149065, "relative_strength": -2.148634, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.321901, "energy": 74.646855, "activity_lines": [ 20.736271, 20.367653, 20.108325, 19.700963 ] }, { "date": "2024-03-22", "close": 23.204802, "volume": 0, "typical_volume": 5.7, "trend": 19.447014, "fair_value": 23.106623, "relative_strength": 3.594983, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.26703, "energy": 90.614898, "activity_lines": [ 21.654794, 20.911515, 20.438527, 19.949931 ] }, { "date": "2024-03-29", "close": 24.065916, "volume": 336, "typical_volume": 22.5, "trend": 19.575426, "fair_value": 23.068906, "relative_strength": 6.346462, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.839451, "energy": 96.430259, "activity_lines": [ 22.603531, 21.555909, 20.826051, 20.247925 ] }, { "date": "2024-04-05", "close": 24.11124, "volume": 0, "typical_volume": 22.5, "trend": 19.72952, "fair_value": 23.039964, "relative_strength": 5.623557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.524065, "energy": 95.166916, "activity_lines": [ 23.313574, 22.137678, 21.18582, 20.540558 ] }, { "date": "2024-04-12", "close": 23.431412, "volume": 0, "typical_volume": 22.5, "trend": 19.880593, "fair_value": 23.001892, "relative_strength": 3.10857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.280399, "energy": 88.383333, "activity_lines": [ 23.570398, 22.527446, 21.458183, 20.77939 ] }, { "date": "2024-04-19", "close": 22.932871, "volume": 0, "typical_volume": 22.5, "trend": 20.036198, "fair_value": 22.96301, "relative_strength": 1.654229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.648227, "energy": 86.028487, "activity_lines": [ 23.47069, 22.760648, 21.662779, 20.976311 ] }, { "date": "2024-04-26", "close": 23.386087, "volume": 0, "typical_volume": 22.5, "trend": 20.208421, "fair_value": 22.928625, "relative_strength": 3.507234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.327784, "energy": 64.590029, "activity_lines": [ 23.416303, 23.012802, 21.889604, 21.192433 ] }, { "date": "2024-05-03", "close": 23.295446, "volume": 0, "typical_volume": 22.5, "trend": 20.381853, "fair_value": 22.893659, "relative_strength": 2.125944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.220524, "energy": 59.085223, "activity_lines": [ 23.319617, 23.175136, 22.090963, 21.391595 ] }, { "date": "2024-05-10", "close": 24.700424, "volume": 0, "typical_volume": 22.5, "trend": 20.593355, "fair_value": 22.868759, "relative_strength": 5.604282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.013608, "energy": 65.62963, "activity_lines": [ 23.742621, 23.537712, 22.412748, 21.670213 ] }, { "date": "2024-05-17", "close": 25.470898, "volume": 0, "typical_volume": 16.8, "trend": 20.865287, "fair_value": 22.847738, "relative_strength": 7.252955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.118052, "energy": 70.207331, "activity_lines": [ 24.383171, 23.967858, 22.785467, 21.984893 ] }, { "date": "2024-05-24", "close": 25.386374, "volume": 0, "typical_volume": 16.8, "trend": 21.157968, "fair_value": 22.825354, "relative_strength": 7.194261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.725367, "energy": 77.511321, "activity_lines": [ 24.859581, 24.29364, 23.124885, 22.276576 ] }, { "date": "2024-05-31", "close": 25.386374, "volume": 100, "typical_volume": 21.8, "trend": 21.403514, "fair_value": 22.793199, "relative_strength": 9.047429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.015811, "energy": 79.588564, "activity_lines": [ 25.172424, 24.545972, 23.437296, 22.549376 ] }, { "date": "2024-06-07", "close": 24.818024, "volume": 0, "typical_volume": 21.8, "trend": 21.653079, "fair_value": 22.761744, "relative_strength": 7.62104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.750631, "energy": 74.631331, "activity_lines": [ 25.162464, 24.655303, 23.670515, 22.769667 ] }, { "date": "2024-06-14", "close": 23.302418, "volume": 0, "typical_volume": 21.8, "trend": 21.784745, "fair_value": 22.727087, "relative_strength": 4.836052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.638155, "energy": 51.749671, "activity_lines": [ 24.545797, 24.475395, 23.737249, 22.876076 ] }, { "date": "2024-06-21", "close": 23.918133, "volume": 277, "typical_volume": 35.65, "trend": 21.942977, "fair_value": 22.699363, "relative_strength": 6.148575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.464277, "energy": 37.147359, "activity_lines": [ 24.227569, 24.42214, 23.848561, 23.013714 ] }, { "date": "2024-06-28", "close": 22.828793, "volume": 0, "typical_volume": 35.65, "trend": 22.086049, "fair_value": 22.663571, "relative_strength": 1.154279, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.194062, "energy": 27.236811, "activity_lines": [ 23.649745, 24.161974, 23.836543, 23.070864 ] }, { "date": "2024-07-05", "close": 22.923517, "volume": 0, "typical_volume": 35.65, "trend": 22.188467, "fair_value": 22.630828, "relative_strength": -0.865261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.811648, "energy": 27.832919, "activity_lines": [ 23.274001, 23.920924, 23.817423, 23.124894 ] }, { "date": "2024-07-12", "close": 22.686705, "volume": 0, "typical_volume": 35.65, "trend": 22.261841, "fair_value": 22.592225, "relative_strength": -1.550954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.991911, "energy": 22.666321, "activity_lines": [ 22.98351, 23.645226, 23.758745, 23.157038 ] }, { "date": "2024-07-19", "close": 22.118353, "volume": 0, "typical_volume": 35.65, "trend": 22.332887, "fair_value": 22.54645, "relative_strength": -2.826474, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.818691, "energy": 32.499681, "activity_lines": [ 22.645657, 23.27726, 23.634378, 23.147781 ] }, { "date": "2024-07-26", "close": 21.644726, "volume": 0, "typical_volume": 35.65, "trend": 22.382104, "fair_value": 22.49221, "relative_strength": -4.605504, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.990304, "energy": 45.395451, "activity_lines": [ 22.228866, 22.870127, 23.458206, 23.103384 ] }, { "date": "2024-08-02", "close": 19.608133, "volume": 0, "typical_volume": 35.65, "trend": 22.378541, "fair_value": 22.4222, "relative_strength": -9.682047, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.94508, "energy": 71.50509, "activity_lines": [ 21.28477, 22.162271, 23.082985, 22.924418 ] }, { "date": "2024-08-09", "close": 19.466043, "volume": 0, "typical_volume": 35.65, "trend": 22.356645, "fair_value": 22.352094, "relative_strength": -10.831084, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.406131, "energy": 81.254978, "activity_lines": [ 20.508022, 21.533639, 22.70251, 22.736515 ] }, { "date": "2024-08-16", "close": 20.792198, "volume": 310, "typical_volume": 34.35, "trend": 22.377444, "fair_value": 22.299175, "relative_strength": -6.193916, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.194564, "energy": 73.876793, "activity_lines": [ 20.403824, 21.253769, 22.466139, 22.635583 ] }, { "date": "2024-08-23", "close": 21.029013, "volume": 0, "typical_volume": 34.35, "trend": 22.400094, "fair_value": 22.243703, "relative_strength": -6.491475, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.39492, "energy": 69.245499, "activity_lines": [ 20.504865, 21.090153, 22.267911, 22.548587 ] }, { "date": "2024-08-30", "close": 21.265825, "volume": 0, "typical_volume": 34.35, "trend": 22.448766, "fair_value": 22.194362, "relative_strength": -6.26065, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.688907, "energy": 48.751689, "activity_lines": [ 20.757466, 21.010928, 22.106913, 22.475408 ] }, { "date": "2024-09-06", "close": 20.886923, "volume": 0, "typical_volume": 34.35, "trend": 22.496894, "fair_value": 22.146393, "relative_strength": -3.999508, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.762895, "energy": 41.95242, "activity_lines": [ 20.909026, 20.911036, 21.920142, 22.374644 ] }, { "date": "2024-09-13", "close": 20.650108, "volume": 0, "typical_volume": 34.35, "trend": 22.540149, "fair_value": 22.099349, "relative_strength": -5.589424, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.283865, "energy": 39.01291, "activity_lines": [ 20.896395, 20.803393, 21.72056, 22.255497 ] }, { "date": "2024-09-20", "close": 20.886923, "volume": 0, "typical_volume": 34.35, "trend": 22.561084, "fair_value": 22.050295, "relative_strength": -4.840423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.80436, "energy": 36.5645, "activity_lines": [ 20.883765, 20.780142, 21.55656, 22.148837 ] }, { "date": "2024-09-27", "close": 21.360548, "volume": 0, "typical_volume": 34.35, "trend": 22.582699, "fair_value": 22.005362, "relative_strength": -3.578201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.842418, "energy": 35.027691, "activity_lines": [ 21.022695, 20.875728, 21.449137, 22.071383 ] }, { "date": "2024-10-04", "close": 20.981647, "volume": 0, "typical_volume": 34.35, "trend": 22.596216, "fair_value": 21.9561, "relative_strength": -4.279748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.537547, "energy": 32.552609, "activity_lines": [ 21.013222, 20.916201, 21.321532, 21.96809 ] }, { "date": "2024-10-11", "close": 20.555386, "volume": 0, "typical_volume": 34.35, "trend": 22.569842, "fair_value": 21.901934, "relative_strength": -6.324986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.285509, "energy": 38.741225, "activity_lines": [ 20.880608, 20.891229, 21.174708, 21.836423 ] }, { "date": "2024-10-18", "close": 20.271208, "volume": 333, "typical_volume": 46.0, "trend": 22.472056, "fair_value": 21.848661, "relative_strength": -7.908534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.283219, "energy": 42.563638, "activity_lines": [ 20.67537, 20.797364, 21.023824, 21.688124 ] }, { "date": "2024-10-25", "close": 19.987034, "volume": 0, "typical_volume": 46.0, "trend": 22.336093, "fair_value": 21.791666, "relative_strength": -8.100682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.128608, "energy": 54.078295, "activity_lines": [ 20.400667, 20.637193, 20.870233, 21.5278 ] }, { "date": "2024-11-01", "close": 19.323956, "volume": 333, "typical_volume": 62.65, "trend": 22.176517, "fair_value": 21.72255, "relative_strength": -9.724474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.206185, "energy": 86.420523, "activity_lines": [ 19.964931, 20.371101, 20.676498, 21.333469 ] }, { "date": "2024-11-08", "close": 19.087143, "volume": 0, "typical_volume": 48.8, "trend": 22.031708, "fair_value": 21.658158, "relative_strength": -11.362934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.0136, "energy": 91.740528, "activity_lines": [ 19.58603, 20.092953, 20.479153, 21.134154 ] }, { "date": "2024-11-15", "close": 19.323956, "volume": 0, "typical_volume": 48.8, "trend": 21.911411, "fair_value": 21.60587, "relative_strength": -10.271865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.084342, "energy": 88.474986, "activity_lines": [ 19.412366, 19.897474, 20.327367, 20.959461 ] }, { "date": "2024-11-22", "close": 20.223846, "volume": 0, "typical_volume": 48.8, "trend": 21.806002, "fair_value": 21.571022, "relative_strength": -5.426103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.74926, "energy": 76.079426, "activity_lines": [ 19.620762, 19.89403, 20.277975, 20.850585 ] }, { "date": "2024-11-29", "close": 20.555386, "volume": 0, "typical_volume": 48.8, "trend": 21.714667, "fair_value": 21.535585, "relative_strength": -4.122169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.177384, "energy": 45.413653, "activity_lines": [ 19.942828, 19.958616, 20.273013, 20.769901 ] }, { "date": "2024-12-06", "close": 20.650108, "volume": 373, "typical_volume": 67.45, "trend": 21.579657, "fair_value": 21.497498, "relative_strength": -4.809356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.965075, "energy": 22.09871, "activity_lines": [ 20.258578, 20.046451, 20.287222, 20.701219 ] }, { "date": "2024-12-13", "close": 20.508022, "volume": 333, "typical_volume": 84.1, "trend": 21.414227, "fair_value": 21.459043, "relative_strength": -6.992076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.830954, "energy": 26.111989, "activity_lines": [ 20.438557, 20.121371, 20.29489, 20.632082 ] }, { "date": "2024-12-20", "close": 18.698769, "volume": 0, "typical_volume": 84.1, "trend": 21.191307, "fair_value": 21.405462, "relative_strength": -13.640281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.507418, "energy": 30.953084, "activity_lines": [ 19.920725, 19.875946, 20.135661, 20.456891 ] }, { "date": "2024-12-27", "close": 18.945055, "volume": 0, "typical_volume": 84.1, "trend": 20.976597, "fair_value": 21.34966, "relative_strength": -13.308991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.774321, "energy": 46.005187, "activity_lines": [ 19.526668, 19.709057, 20.004219, 20.311971 ] }, { "date": "2025-01-03", "close": 19.797583, "volume": 0, "typical_volume": 68.6, "trend": 20.809249, "fair_value": 21.295793, "relative_strength": -9.819736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.376161, "energy": 43.103284, "activity_lines": [ 19.50204, 19.721286, 19.95645, 20.235906 ] }, { "date": "2025-01-10", "close": 19.466043, "volume": 0, "typical_volume": 68.6, "trend": 20.681369, "fair_value": 21.238173, "relative_strength": -11.178378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.184423, "energy": 53.062743, "activity_lines": [ 19.417418, 19.676678, 19.881843, 20.149247 ] }, { "date": "2025-01-17", "close": 19.844946, "volume": 0, "typical_volume": 68.6, "trend": 20.545597, "fair_value": 21.183253, "relative_strength": -12.319581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.960816, "energy": 34.537176, "activity_lines": [ 19.538035, 19.698379, 19.850764, 20.095285 ] }, { "date": "2025-01-24", "close": 19.418682, "volume": 0, "typical_volume": 68.6, "trend": 20.431926, "fair_value": 21.12343, "relative_strength": -15.418892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.519215, "energy": 28.052659, "activity_lines": [ 19.56077, 19.628799, 19.785855, 20.02258 ] }, { "date": "2025-01-31", "close": 19.466043, "volume": 0, "typical_volume": 68.6, "trend": 20.316677, "fair_value": 21.066081, "relative_strength": -15.437417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.558613, "energy": 28.378001, "activity_lines": [ 19.551297, 19.566108, 19.732447, 19.960265 ] }, { "date": "2025-02-07", "close": 19.418682, "volume": 0, "typical_volume": 68.6, "trend": 20.207743, "fair_value": 21.008972, "relative_strength": -15.757927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.154346, "energy": 27.8682, "activity_lines": [ 19.491304, 19.508584, 19.680168, 19.90233 ] }, { "date": "2025-02-14", "close": 19.987034, "volume": 0, "typical_volume": 68.6, "trend": 20.136699, "fair_value": 20.959306, "relative_strength": -17.422685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.474509, "energy": 18.836407, "activity_lines": [ 19.646022, 19.575064, 19.689009, 19.888091 ] }, { "date": "2025-02-21", "close": 20.650108, "volume": 417, "typical_volume": 89.45, "trend": 20.103545, "fair_value": 20.918776, "relative_strength": -13.697419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.827571, "energy": 7.614383, "activity_lines": [ 19.987033, 19.774159, 19.767541, 19.921214 ] }, { "date": "2025-02-28", "close": 22.402527, "volume": 750, "typical_volume": 126.95, "trend": 20.196692, "fair_value": 20.901151, "relative_strength": -8.394449, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.939714, "energy": 55.498133, "activity_lines": [ 20.858505, 20.289293, 20.014548, 20.069536 ] }, { "date": "2025-03-07", "close": 23.207693, "volume": 0, "typical_volume": 110.3, "trend": 20.321413, "fair_value": 20.885973, "relative_strength": -8.055245, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.714512, "energy": 78.711319, "activity_lines": [ 21.799443, 20.883478, 20.329442, 20.263794 ] }, { "date": "2025-03-14", "close": 24.770658, "volume": 0, "typical_volume": 110.3, "trend": 20.454028, "fair_value": 20.875386, "relative_strength": -1.866156, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.295547, "energy": 97.010483, "activity_lines": [ 23.011926, 21.684337, 20.779207, 20.550842 ] }, { "date": "2025-03-21", "close": 25.196924, "volume": 0, "typical_volume": 93.65, "trend": 20.592959, "fair_value": 20.887074, "relative_strength": 0.956277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.131377, "energy": 97.04983, "activity_lines": [ 24.0097, 22.47228, 21.246789, 20.856835 ] }, { "date": "2025-03-28", "close": 24.060219, "volume": 0, "typical_volume": 93.65, "trend": 20.686105, "fair_value": 20.893376, "relative_strength": -1.32735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.171642, "energy": 88.219472, "activity_lines": [ 24.281245, 22.94935, 21.578147, 21.080529 ] }, { "date": "2025-04-04", "close": 20.792198, "volume": 0, "typical_volume": 93.65, "trend": 20.682948, "fair_value": 20.884429, "relative_strength": -4.981547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.610819, "energy": 54.560129, "activity_lines": [ 23.23611, 22.755594, 21.574583, 21.087374 ] }, { "date": "2025-04-11", "close": 21.834175, "volume": 0, "typical_volume": 93.65, "trend": 20.722417, "fair_value": 20.881075, "relative_strength": 1.271474, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.731514, "energy": 35.365343, "activity_lines": [ 22.645655, 22.726315, 21.663264, 21.161647 ] }, { "date": "2025-04-18", "close": 22.923517, "volume": 0, "typical_volume": 93.65, "trend": 20.790303, "fair_value": 20.876562, "relative_strength": 1.108091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.785609, "energy": 23.427605, "activity_lines": [ 22.509883, 22.852042, 21.848024, 21.303653 ] }, { "date": "2025-04-25", "close": 23.728682, "volume": 0, "typical_volume": 75.0, "trend": 20.869241, "fair_value": 20.881281, "relative_strength": 1.161696, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.811739, "energy": 28.264584, "activity_lines": [ 22.765641, 23.060438, 22.098189, 21.493226 ] }, { "date": "2025-05-02", "close": 23.918133, "volume": 0, "typical_volume": 58.35, "trend": 20.967124, "fair_value": 20.889386, "relative_strength": 0.751314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.905023, "energy": 35.537244, "activity_lines": [ 23.182433, 23.235249, 22.351737, 21.689929 ] }, { "date": "2025-05-09", "close": 21.407913, "volume": 0, "typical_volume": 58.35, "trend": 20.995541, "fair_value": 20.880043, "relative_strength": -13.308213, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.542023, "energy": 24.355755, "activity_lines": [ 22.771957, 22.894238, 22.349978, 21.718367 ] }, { "date": "2025-05-16", "close": 20.839561, "volume": 0, "typical_volume": 58.35, "trend": 21.014487, "fair_value": 20.868685, "relative_strength": -17.450642, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.633165, "energy": 11.100977, "activity_lines": [ 22.130982, 22.467974, 22.281189, 21.708303 ] }, { "date": "2025-05-23", "close": 21.029013, "volume": 0, "typical_volume": 58.35, "trend": 21.049219, "fair_value": 20.849856, "relative_strength": -15.097649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.132609, "energy": 11.995839, "activity_lines": [ 21.619466, 22.119214, 22.221422, 21.709241 ] }, { "date": "2025-05-30", "close": 22.0, "volume": 0, "typical_volume": 58.35, "trend": 21.138421, "fair_value": 20.835372, "relative_strength": -11.468761, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.899288, "energy": 18.018275, "activity_lines": [ 21.557913, 22.015026, 22.248266, 21.770581 ] }, { "date": "2025-06-06", "close": 22.15, "volume": 478, "typical_volume": 82.25, "trend": 21.240516, "fair_value": 20.827201, "relative_strength": -10.757992, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.137063, "energy": 14.36699, "activity_lines": [ 21.661605, 21.996236, 22.277329, 21.835844 ] }, { "date": "2025-06-13", "close": 21.299999, "volume": 0, "typical_volume": 82.25, "trend": 21.306384, "fair_value": 20.827105, "relative_strength": -11.814712, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.897029, "energy": 9.044434, "activity_lines": [ 21.599839, 21.857633, 22.214464, 21.839682 ] }, { "date": "2025-06-20", "close": 20.450001, "volume": 0, "typical_volume": 82.25, "trend": 21.313922, "fair_value": 20.828603, "relative_strength": -14.358394, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.51814, "energy": 24.48775, "activity_lines": [ 21.261934, 21.555251, 22.061687, 21.784432 ] }, { "date": "2025-06-27", "close": 22.9, "volume": 296, "typical_volume": 97.05, "trend": 21.392076, "fair_value": 20.852568, "relative_strength": -5.549511, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.130035, "energy": 13.868038, "activity_lines": [ 21.766667, 21.723491, 22.137559, 21.886759 ] }, { "date": "2025-07-04", "close": 22.5, "volume": 0, "typical_volume": 97.05, "trend": 21.453739, "fair_value": 20.86777, "relative_strength": -6.122974, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.420016, "energy": 14.064146, "activity_lines": [ 22.013333, 21.819431, 22.158757, 21.958238 ] }, { "date": "2025-07-11", "close": 23.6, "volume": 0, "typical_volume": 76.2, "trend": 21.556805, "fair_value": 20.889461, "relative_strength": -3.413159, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.341622, "energy": 30.31487, "activity_lines": [ 22.593333, 22.13771, 22.272751, 22.096707 ] }, { "date": "2025-07-18", "close": 23.299999, "volume": 0, "typical_volume": 38.7, "trend": 21.71018, "fair_value": 20.903593, "relative_strength": -4.409958, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.204207, "energy": 46.788738, "activity_lines": [ 22.976666, 22.407229, 22.344126, 22.209171 ] }, { "date": "2025-07-25", "close": 24.0, "volume": 0, "typical_volume": 38.7, "trend": 21.878678, "fair_value": 20.925031, "relative_strength": -3.25252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.848922, "energy": 65.663041, "activity_lines": [ 23.46, 22.769618, 22.477894, 22.356901 ] }, { "date": "2025-08-01", "close": 22.85, "volume": 0, "typical_volume": 38.7, "trend": 21.980425, "fair_value": 20.937687, "relative_strength": -5.296774, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.637231, "energy": 56.03045, "activity_lines": [ 23.323333, 22.865454, 22.498365, 22.419567 ] }, { "date": "2025-08-08", "close": 23.700001, "volume": 0, "typical_volume": 38.7, "trend": 22.121557, "fair_value": 20.959455, "relative_strength": -7.114368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.833512, "energy": 56.876603, "activity_lines": [ 23.473334, 23.082727, 22.608935, 22.530507 ] }, { "date": "2025-08-15", "close": 22.5, "volume": 328, "typical_volume": 55.1, "trend": 22.210059, "fair_value": 20.977193, "relative_strength": -13.763948, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.179723, "energy": 30.665386, "activity_lines": [ 23.143334, 23.050909, 22.612348, 22.554923 ] }, { "date": "2025-08-22", "close": 22.65, "volume": 0, "typical_volume": 55.1, "trend": 22.317769, "fair_value": 20.99702, "relative_strength": -11.799015, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.580214, "energy": 16.731759, "activity_lines": [ 22.936667, 23.04, 22.637475, 22.583306 ] }, { "date": "2025-08-29", "close": 22.700001, "volume": 0, "typical_volume": 55.1, "trend": 22.425568, "fair_value": 21.019139, "relative_strength": -8.052254, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.349733, "energy": 14.698859, "activity_lines": [ 22.79, 23.013637, 22.658518, 22.607966 ] }, { "date": "2025-09-05", "close": 22.5, "volume": 410, "typical_volume": 75.6, "trend": 22.528279, "fair_value": 21.049836, "relative_strength": -8.220839, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.894915, "energy": 16.162491, "activity_lines": [ 22.663334, 22.91, 22.656391, 22.612768 ] }, { "date": "2025-09-12", "close": 22.299999, "volume": 0, "typical_volume": 75.6, "trend": 22.605377, "fair_value": 21.083815, "relative_strength": -9.718536, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.474437, "energy": 11.483788, "activity_lines": [ 22.493333, 22.777273, 22.637232, 22.598041 ] }, { "date": "2025-09-19", "close": 21.9, "volume": 0, "typical_volume": 75.6, "trend": 22.64704, "fair_value": 21.123456, "relative_strength": -10.630618, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.15259, "energy": 27.249781, "activity_lines": [ 22.283333, 22.575455, 22.586781, 22.552533 ] }, { "date": "2025-09-26", "close": 22.15, "volume": 421, "typical_volume": 96.65, "trend": 22.638623, "fair_value": 21.161995, "relative_strength": -9.74673, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.133432, "energy": 32.361542, "activity_lines": [ 22.196667, 22.45, 22.56975, 22.520465 ] }, { "date": "2025-10-03", "close": 22.65, "volume": 0, "typical_volume": 96.65, "trend": 22.620033, "fair_value": 21.205768, "relative_strength": -9.35119, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.949733, "energy": 25.414636, "activity_lines": [ 22.31, 22.436364, 22.596805, 22.521199 ] }, { "date": "2025-10-10", "close": 22.299999, "volume": 338, "typical_volume": 113.55, "trend": 22.537678, "fair_value": 21.248199, "relative_strength": -8.725819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.571729, "energy": 18.832571, "activity_lines": [ 22.31, 22.383636, 22.581905, 22.500552 ] }, { "date": "2025-10-17", "close": 22.049999, "volume": 676, "typical_volume": 147.35, "trend": 22.43278, "fair_value": 21.288013, "relative_strength": -7.746015, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.627694, "energy": 14.149013, "activity_lines": [ 22.239999, 22.295454, 22.537143, 22.469089 ] }, { "date": "2025-10-24", "close": 22.9, "volume": 338, "typical_volume": 140.35, "trend": 22.394106, "fair_value": 21.321837, "relative_strength": -5.761387, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.655183, "energy": 8.246102, "activity_lines": [ 22.47, 22.391818, 22.573095, 22.499232 ] }, { "date": "2025-10-31", "close": 22.450001, "volume": 676, "typical_volume": 174.15, "trend": 22.449366, "fair_value": 21.347143, "relative_strength": -10.071904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.009416, "energy": 4.665981, "activity_lines": [ 22.483333, 22.399091, 22.562619, 22.502838 ] }, { "date": "2025-11-07", "close": 21.35, "volume": 0, "typical_volume": 174.15, "trend": 22.433227, "fair_value": 21.354974, "relative_strength": -13.222498, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.555608, "energy": 25.731617, "activity_lines": [ 22.11, 22.21, 22.441905, 22.431911 ] }, { "date": "2025-11-14", "close": 25.200001, "volume": 0, "typical_volume": 159.35, "trend": 22.50911, "fair_value": 21.390865, "relative_strength": 0.42254, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.96165, "energy": 48.261935, "activity_lines": [ 23.106667, 22.745455, 22.683571, 22.610413 ] }, { "date": "2025-11-21", "close": 25.5, "volume": 39, "typical_volume": 161.3, "trend": 22.568154, "fair_value": 21.425016, "relative_strength": 3.134243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.082175, "energy": 76.020577, "activity_lines": [ 24.01, 23.286364, 22.942857, 22.803374 ] }, { "date": "2025-11-28", "close": 26.65, "volume": 0, "typical_volume": 161.3, "trend": 22.659216, "fair_value": 21.467666, "relative_strength": 3.226888, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.68473, "energy": 90.067927, "activity_lines": [ 25.066667, 23.978182, 23.297381, 23.066718 ] }, { "date": "2025-12-05", "close": 27.200001, "volume": 0, "typical_volume": 161.3, "trend": 22.852286, "fair_value": 21.515251, "relative_strength": 4.022619, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.624652, "energy": 94.475863, "activity_lines": [ 26.056667, 24.683637, 23.689762, 23.359672 ] }, { "date": "2025-12-12", "close": 27.25, "volume": 0, "typical_volume": 161.3, "trend": 23.065967, "fair_value": 21.573016, "relative_strength": 3.887591, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.490994, "energy": 91.676155, "activity_lines": [ 26.746667, 25.306364, 24.068333, 23.643396 ] }, { "date": "2025-12-19", "close": 27.049999, "volume": 0, "typical_volume": 161.3, "trend": 23.266667, "fair_value": 21.624147, "relative_strength": 0.552289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.212896, "energy": 89.325021, "activity_lines": [ 26.976667, 25.809091, 24.412381, 23.90043 ] }, { "date": "2025-12-26", "close": 27.25, "volume": 0, "typical_volume": 161.3, "trend": 23.441667, "fair_value": 21.674869, "relative_strength": 1.060839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.554771, "energy": 88.092722, "activity_lines": [ 27.15, 26.261818, 24.755476, 24.157419 ] }, { "date": "2026-01-02", "close": 28.25, "volume": 0, "typical_volume": 144.9, "trend": 23.645, "fair_value": 21.721296, "relative_strength": 2.778366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.591511, "energy": 87.011923, "activity_lines": [ 27.54, 26.801818, 25.176905, 24.467634 ] }, { "date": "2026-01-09", "close": 30.1, "volume": 271, "typical_volume": 158.45, "trend": 23.938333, "fair_value": 21.773947, "relative_strength": 8.368125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.481733, "energy": 83.561902, "activity_lines": [ 28.44, 27.580909, 25.747143, 24.884086 ] }, { "date": "2026-01-16", "close": 31.1, "volume": 0, "typical_volume": 158.45, "trend": 24.293333, "fair_value": 21.8347, "relative_strength": 10.415116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.546757, "energy": 94.555415, "activity_lines": [ 29.48, 28.402727, 26.377143, 25.346129 ] }, { "date": "2026-01-23", "close": 31.450001, "volume": 50, "typical_volume": 140.45, "trend": 24.578333, "fair_value": 21.897132, "relative_strength": 10.402371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.379798, "energy": 94.069918, "activity_lines": [ 30.38, 29.110909, 27.000476, 25.80785 ] }, { "date": "2026-01-30", "close": 31.700001, "volume": 0, "typical_volume": 140.45, "trend": 24.885, "fair_value": 21.961449, "relative_strength": 9.325963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.946809, "energy": 92.058375, "activity_lines": [ 31.070001, 29.750909, 27.605, 26.267312 ] }, { "date": "2026-02-06", "close": 32.400002, "volume": 0, "typical_volume": 140.45, "trend": 25.178333, "fair_value": 22.032506, "relative_strength": 10.251986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.501095, "energy": 92.870147, "activity_lines": [ 31.696668, 30.405455, 28.231429, 26.752151 ] }, { "date": "2026-02-13", "close": 30.85, "volume": 271, "typical_volume": 132.95, "trend": 25.43, "fair_value": 22.090811, "relative_strength": 5.547553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.328189, "energy": 80.02261, "activity_lines": [ 31.530001, 30.673637, 28.660238, 27.118065 ] }, { "date": "2026-02-20", "close": 30.450001, "volume": 328, "typical_volume": 149.35, "trend": 25.645, "fair_value": 22.144579, "relative_strength": 0.809499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.381014, "energy": 66.362204, "activity_lines": [ 31.180001, 30.802728, 29.009524, 27.441936 ] }, { "date": "2026-02-27", "close": 30.450001, "volume": 542, "typical_volume": 159.55, "trend": 25.898334, "fair_value": 22.206799, "relative_strength": 2.701915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.502223, "energy": 59.148602, "activity_lines": [ 30.873334, 30.873637, 29.321667, 27.751936 ] }, { "date": "2026-03-06", "close": 29.799999, "volume": 797, "typical_volume": 165.6, "trend": 26.101667, "fair_value": 22.268233, "relative_strength": 6.01182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.161074, "energy": 47.119744, "activity_lines": [ 30.416667, 30.764546, 29.533096, 28.003656 ] }, { "date": "2026-03-13", "close": 28.85, "volume": 0, "typical_volume": 148.7, "trend": 26.313333, "fair_value": 22.329212, "relative_strength": 5.48352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.40808, "energy": 30.686545, "activity_lines": [ 29.77, 30.436364, 29.617143, 28.180968 ] }, { "date": "2026-03-20", "close": 27.4, "volume": 0, "typical_volume": 114.9, "trend": 26.471667, "fair_value": 22.38005, "relative_strength": 1.739376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.176428, "energy": 25.38136, "activity_lines": [ 28.876667, 29.833637, 29.534762, 28.251076 ] }, { "date": "2026-03-27", "close": 26.700001, "volume": 1484, "typical_volume": 189.1, "trend": 26.605, "fair_value": 22.410343, "relative_strength": -2.035651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.53009, "energy": 30.885281, "activity_lines": [ 27.98, 29.152728, 29.362143, 28.265807 ] }, { "date": "2026-04-03", "close": 25.35364, "volume": 0, "typical_volume": 189.1, "trend": 26.700122, "fair_value": 22.434542, "relative_strength": -9.861282, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -26.933882, "energy": 43.886389, "activity_lines": [ 26.884547, 28.307026, 29.035823, 28.185074 ] }, { "date": "2026-04-10", "close": 26.690556, "volume": 738, "typical_volume": 224.05, "trend": 26.846473, "fair_value": 22.459704, "relative_strength": -10.494842, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.221141, "energy": 45.186704, "activity_lines": [ 26.57449, 27.815242, 28.836097, 28.184457 ] }, { "date": "2026-04-17", "close": 28.027472, "volume": 369, "typical_volume": 242.5, "trend": 27.050722, "fair_value": 22.488364, "relative_strength": -7.886731, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.100489, "energy": 39.451266, "activity_lines": [ 26.917367, 27.657615, 28.758027, 28.26065 ] }, { "date": "2026-04-24", "close": 27.359013, "volume": 0, "typical_volume": 242.5, "trend": 27.224356, "fair_value": 22.51443, "relative_strength": -6.514983, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.466108, "energy": 37.832343, "activity_lines": [ 27.09226, 27.457951, 28.609734, 28.28054 ] }, { "date": "2026-05-01", "close": 28.695927, "volume": 369, "typical_volume": 260.95, "trend": 27.425887, "fair_value": 22.548221, "relative_strength": -2.323262, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 18.177614, "energy": 13.424191, "activity_lines": [ 27.715524, 27.564835, 28.58801, 28.37548 ] }, { "date": "2026-05-08", "close": 30.701302, "volume": 511, "typical_volume": 286.5, "trend": 27.705931, "fair_value": 22.600502, "relative_strength": 2.824653, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 53.690744, "energy": 35.444457, "activity_lines": [ 28.874184, 28.068224, 28.750388, 28.586797 ] }, { "date": "2026-05-15", "close": 29.364386, "volume": 2192, "typical_volume": 396.1, "trend": 27.949743, "fair_value": 22.637952, "relative_strength": -1.37287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.753303, "energy": 34.257983, "activity_lines": [ 29.230694, 28.323968, 28.768054, 28.693794 ] }, { "date": "2026-05-22", "close": 29.650867, "volume": 0, "typical_volume": 396.1, "trend": 28.174772, "fair_value": 22.681598, "relative_strength": -2.513556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.896362, "energy": 34.925513, "activity_lines": [ 29.504443, 28.639721, 28.802935, 28.803544 ] }, { "date": "2026-05-29", "close": 28.743675, "volume": 103, "typical_volume": 387.7, "trend": 28.384562, "fair_value": 22.718556, "relative_strength": -7.946617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.041517, "energy": 32.273428, "activity_lines": [ 29.367569, 28.775968, 28.744746, 28.840247 ] }, { "date": "2026-06-05", "close": 27.1, "volume": 0, "typical_volume": 387.7, "trend": 28.576228, "fair_value": 22.745559, "relative_strength": -12.113091, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.981707, "energy": 4.551182, "activity_lines": [ 28.590492, 28.588934, 28.536475, 28.757373 ] }, { "date": "2026-06-12", "close": 27.9, "volume": 0, "typical_volume": 385.2, "trend": 28.666228, "fair_value": 22.774785, "relative_strength": -11.897171, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.247904, "energy": 11.565892, "activity_lines": [ 28.186476, 28.540083, 28.423443, 28.713745 ] }, { "date": "2026-06-19", "close": 27.65, "volume": 0, "typical_volume": 385.2, "trend": 28.737895, "fair_value": 22.806185, "relative_strength": -16.129549, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.140091, "energy": 31.460712, "activity_lines": [ 27.885881, 28.399479, 28.303505, 28.648182 ] }, { "date": "2026-06-26", "close": 26.6, "volume": 0, "typical_volume": 385.2, "trend": 28.736228, "fair_value": 22.826496, "relative_strength": -17.461493, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.613618, "energy": 62.659995, "activity_lines": [ 27.349578, 28.050522, 28.102854, 28.510253 ] }, { "date": "2026-07-03", "close": 26.4, "volume": 0, "typical_volume": 371.65, "trend": 28.709561, "fair_value": 22.854241, "relative_strength": -19.734228, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.553182, "energy": 69.608065, "activity_lines": [ 26.95, 27.691155, 27.910773, 28.359529 ] }, { "date": "2026-07-10", "close": 25.6, "volume": 189, "typical_volume": 364.7, "trend": 28.654561, "fair_value": 22.875696, "relative_strength": -20.793674, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.354079, "energy": 77.36696, "activity_lines": [ 26.44, 27.20377, 27.663693, 28.158912 ] }, { "date": "2026-07-17", "close": 27.450001, "volume": 372, "typical_volume": 356.2, "trend": 28.667895, "fair_value": 22.907848, "relative_strength": -13.173387, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.470067, "energy": 65.582278, "activity_lines": [ 26.646667, 27.109039, 27.615899, 28.081198 ] }, { "date": "2026-07-24", "close": 27.65, "volume": 0, "typical_volume": 316.35, "trend": 28.681228, "fair_value": 22.942734, "relative_strength": -13.450654, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.409222, "energy": 39.420964, "activity_lines": [ 26.95, 27.109786, 27.601438, 28.015528 ] }, { "date": "2026-07-31", "close": 31.65, "volume": 1646, "typical_volume": 398.65, "trend": 28.794562, "fair_value": 23.005586, "relative_strength": -0.874308, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.938852, "energy": 14.075933, "activity_lines": [ 28.586667, 27.868976, 27.978167, 28.207061 ] }, { "date": "2026-08-07", "close": 31.700001, "volume": 0, "typical_volume": 398.65, "trend": 28.847895, "fair_value": 23.071663, "relative_strength": -3.529152, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.151713, "energy": 46.333045, "activity_lines": [ 29.903334, 28.600909, 28.346325, 28.394509 ] } ], "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." } } }