{ "ticker": { "uuid": "8888930a-d885-4c3c-a445-a232f6e76d6f", "symbol": "GGBR4", "name": "Gerdau S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 72.509, "architecture_energy": 81.493, "architecture_maturity": 15.54, "architecture_confidence": 83.211, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 6.42, "rotation_up": 79.2, "upward_expansion": 94.28, "deceleration": 41.92, "rotation_down": 11.67, "downward_expansion": 20.95 }, "activity_lines": [ 24.602666, 23.724364, 23.248825, 22.52929 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 25.049999, "trend_reference": 21.892128, "distance_from_trend": 0.144247, "trend_direction": "Improving", "fair_value": 17.959993, "distance_from_fair_value": 0.394767, "fair_value_direction": "Improving", "relative_strength": 20.003869, "relative_strength_direction": "Improving", "price_momentum": 0.155124, "excess_performance": 0.212172, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.144247, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063169, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.394767, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.048936, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.200039, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.091961, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.155124, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.073225, "read": "Demand-led" } ], "volume": { "latest": 51865600, "relative_activity": 1.315027, "balance": 2.073225, "dry_up": 1.034806, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.050959, "annualized_volatility": 0.336993, "from_high_reference": -0.052572, "from_low_reference": 0.629073 }, "levels": { "trend_reference": 21.892128, "fair_value_reference": 17.959993, "structural_low": 16.661341, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": -0.015985, "positive_rate": 0.45, "directional_follow_through": 0.45, "median_excess_return": -0.015787, "regime_survival": 0.6, "best_return": 0.156795, "worst_return": -0.16, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.044944, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": 0.017423, "regime_survival": 0.285714, "best_return": 0.240891, "worst_return": -0.113103, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.04506, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.09954, "regime_survival": 0.2, "best_return": 0.109801, "worst_return": -0.189299, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.163662, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.249779, "regime_survival": 0.333333, "best_return": 0.147535, "worst_return": -0.169986, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": -0.039103, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.111956, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.070387, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": 0.002887, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-21", "tenure": "Developing", "return": -0.07631, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-06-20", "tenure": "Established", "return": -0.025363, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-09-05", "tenure": "Developing", "return": 0.104965, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-02-27", "tenure": "Established", "return": 0.306889, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.071795, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.174297, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.049675, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-06-26", "tenure": "Developing", "return": -0.096088, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.13153, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.002802, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.728088, "volume": 65147400, "typical_volume": 58059660.0, "trend": 18.920265, "fair_value": 16.32768, "relative_strength": -3.376353, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 9.802796, "energy": 15.791139, "activity_lines": [ 19.503161, 19.552791, 19.120532, 18.904809 ] }, { "date": "2023-08-25", "close": 18.518917, "volume": 50082720, "typical_volume": 58670682.0, "trend": 18.806334, "fair_value": 16.380453, "relative_strength": -5.076248, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 20.077413, "energy": 17.392058, "activity_lines": [ 19.074544, 19.390841, 19.097908, 18.878915 ] }, { "date": "2023-09-01", "close": 19.422827, "volume": 46992840, "typical_volume": 57411366.0, "trend": 18.750179, "fair_value": 16.437944, "relative_strength": -2.487667, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.282036, "energy": 24.033589, "activity_lines": [ 19.04539, 19.40305, 19.155162, 18.918689 ] }, { "date": "2023-09-08", "close": 18.907373, "volume": 40507680, "typical_volume": 57863880.0, "trend": 18.738703, "fair_value": 16.492164, "relative_strength": -3.238333, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.891421, "energy": 19.161655, "activity_lines": [ 18.939113, 19.303968, 19.160381, 18.928831 ] }, { "date": "2023-09-15", "close": 19.258482, "volume": 51216360, "typical_volume": 58181214.0, "trend": 18.732812, "fair_value": 16.545103, "relative_strength": -4.61842, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.347876, "energy": 14.657532, "activity_lines": [ 19.063754, 19.259722, 19.197657, 18.962365 ] }, { "date": "2023-09-22", "close": 18.12299, "volume": 54363360, "typical_volume": 57819168.0, "trend": 18.701308, "fair_value": 16.592276, "relative_strength": -8.31084, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.297537, "energy": 8.690724, "activity_lines": [ 18.782371, 19.007926, 19.121308, 18.923021 ] }, { "date": "2023-09-29", "close": 18.025877, "volume": 56087640, "typical_volume": 57392076.0, "trend": 18.635523, "fair_value": 16.638525, "relative_strength": -9.384859, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.336177, "energy": 23.942524, "activity_lines": [ 18.508958, 18.771641, 19.034297, 18.879445 ] }, { "date": "2023-10-06", "close": 16.935211, "volume": 55009200, "typical_volume": 56471190.0, "trend": 18.588446, "fair_value": 16.673745, "relative_strength": -13.175484, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.256345, "energy": 52.749239, "activity_lines": [ 17.904858, 18.372789, 18.840649, 18.769748 ] }, { "date": "2023-10-13", "close": 16.681219, "volume": 37501800, "typical_volume": 54623622.0, "trend": 18.562361, "fair_value": 16.703905, "relative_strength": -15.663251, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.49206, "energy": 69.282306, "activity_lines": [ 17.381935, 17.998811, 18.626382, 18.646701 ] }, { "date": "2023-10-20", "close": 16.023832, "volume": 59275200, "typical_volume": 54314142.0, "trend": 18.507069, "fair_value": 16.728304, "relative_strength": -17.122411, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.230158, "energy": 85.227184, "activity_lines": [ 16.788294, 17.576843, 18.357365, 18.482925 ] }, { "date": "2023-10-27", "close": 16.315172, "volume": 44075400, "typical_volume": 54394290.0, "trend": 18.44471, "fair_value": 16.759516, "relative_strength": -15.751412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.145444, "energy": 85.383222, "activity_lines": [ 16.50741, 17.25915, 18.127504, 18.341512 ] }, { "date": "2023-11-03", "close": 17.069674, "volume": 40625400, "typical_volume": 53247738.0, "trend": 18.43986, "fair_value": 16.793209, "relative_strength": -15.484101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.96103, "energy": 78.68892, "activity_lines": [ 16.598547, 17.122511, 17.98029, 18.2528 ] }, { "date": "2023-11-10", "close": 17.749474, "volume": 66185880, "typical_volume": 54350850.0, "trend": 18.404697, "fair_value": 16.836198, "relative_strength": -13.651283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.104766, "energy": 56.897245, "activity_lines": [ 16.980031, 17.135822, 17.90729, 18.208259 ] }, { "date": "2023-11-17", "close": 18.309748, "volume": 74355720, "typical_volume": 55858338.0, "trend": 18.394441, "fair_value": 16.88173, "relative_strength": -13.819925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.475809, "energy": 25.331278, "activity_lines": [ 17.493989, 17.281425, 17.891016, 18.202133 ] }, { "date": "2023-11-24", "close": 16.999735, "volume": 73031280, "typical_volume": 57140100.0, "trend": 18.357538, "fair_value": 16.913724, "relative_strength": -19.858186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.04517, "energy": 25.837694, "activity_lines": [ 17.462707, 17.19971, 17.750467, 18.112152 ] }, { "date": "2023-12-01", "close": 16.870253, "volume": 61850040, "typical_volume": 57787086.0, "trend": 18.325666, "fair_value": 16.944279, "relative_strength": -21.547842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.671454, "energy": 25.641587, "activity_lines": [ 17.323205, 17.135521, 17.608055, 18.016198 ] }, { "date": "2023-12-08", "close": 17.144445, "volume": 64996440, "typical_volume": 58705578.0, "trend": 18.315638, "fair_value": 16.976523, "relative_strength": -19.048503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.389773, "energy": 25.5706, "activity_lines": [ 17.238094, 17.143962, 17.506409, 17.93999 ] }, { "date": "2023-12-15", "close": 17.692822, "volume": 57291960, "typical_volume": 58319604.0, "trend": 18.315893, "fair_value": 17.005959, "relative_strength": -17.847603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.037345, "energy": 27.380385, "activity_lines": [ 17.330791, 17.268134, 17.470545, 17.899809 ] }, { "date": "2023-12-22", "close": 18.012712, "volume": 50231040, "typical_volume": 57090444.0, "trend": 18.305267, "fair_value": 17.038865, "relative_strength": -17.568528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.080795, "energy": 15.996803, "activity_lines": [ 17.533895, 17.436693, 17.480149, 17.880249 ] }, { "date": "2023-12-29", "close": 18.096489, "volume": 12193080, "typical_volume": 53051022.0, "trend": 18.294496, "fair_value": 17.071592, "relative_strength": -17.620519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.614144, "energy": 12.678245, "activity_lines": [ 17.784727, 17.596275, 17.510127, 17.866779 ] }, { "date": "2024-01-05", "close": 17.639507, "volume": 30061680, "typical_volume": 51296736.0, "trend": 18.263106, "fair_value": 17.085553, "relative_strength": -17.84703, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.210169, "energy": 16.032462, "activity_lines": [ 17.810114, 17.635085, 17.50015, 17.824522 ] }, { "date": "2024-01-12", "close": 16.23048, "volume": 74664360, "typical_volume": 52525818.0, "trend": 18.168836, "fair_value": 17.100767, "relative_strength": -23.131707, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.440854, "energy": 23.808282, "activity_lines": [ 17.314543, 17.393629, 17.361164, 17.693385 ] }, { "date": "2024-01-19", "close": 16.047686, "volume": 65964960, "typical_volume": 53474424.0, "trend": 18.088547, "fair_value": 17.117262, "relative_strength": -21.294971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.523481, "energy": 57.251069, "activity_lines": [ 16.818971, 17.134196, 17.215666, 17.556536 ] }, { "date": "2024-01-26", "close": 16.634148, "volume": 46184280, "typical_volume": 53758254.0, "trend": 18.029276, "fair_value": 17.144703, "relative_strength": -18.613925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.965759, "energy": 60.73685, "activity_lines": [ 16.628562, 17.012335, 17.142093, 17.462704 ] }, { "date": "2024-02-02", "close": 16.352339, "volume": 57749160, "typical_volume": 54084894.0, "trend": 17.934417, "fair_value": 17.167102, "relative_strength": -18.215003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.982454, "energy": 67.918464, "activity_lines": [ 16.436121, 16.8697, 17.052506, 17.354514 ] }, { "date": "2024-02-09", "close": 15.979141, "volume": 39490200, "typical_volume": 53341236.0, "trend": 17.802147, "fair_value": 17.187415, "relative_strength": -20.088367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.722692, "energy": 70.842343, "activity_lines": [ 16.235557, 16.670983, 16.941216, 17.228368 ] }, { "date": "2024-02-16", "close": 16.154318, "volume": 46415280, "typical_volume": 52857618.0, "trend": 17.674247, "fair_value": 17.20616, "relative_strength": -19.1307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.198306, "energy": 56.960049, "activity_lines": [ 16.204077, 16.520317, 16.856818, 17.122056 ] }, { "date": "2024-02-23", "close": 16.344728, "volume": 77252880, "typical_volume": 53969802.0, "trend": 17.524296, "fair_value": 17.222822, "relative_strength": -18.069282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.651537, "energy": 45.728258, "activity_lines": [ 16.241144, 16.422274, 16.799466, 17.036281 ] }, { "date": "2024-03-01", "close": 17.083515, "volume": 70780080, "typical_volume": 55633716.0, "trend": 17.40656, "fair_value": 17.23826, "relative_strength": -13.55721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.305181, "energy": 27.313156, "activity_lines": [ 16.504671, 16.483067, 16.815287, 17.007843 ] }, { "date": "2024-03-08", "close": 16.249613, "volume": 57243600, "typical_volume": 55532136.0, "trend": 17.320027, "fair_value": 17.248323, "relative_strength": -15.892031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.042075, "energy": 25.507969, "activity_lines": [ 16.460272, 16.409136, 16.749773, 16.933201 ] }, { "date": "2024-03-15", "close": 15.89769, "volume": 84234840, "typical_volume": 57540108.0, "trend": 17.225681, "fair_value": 17.25223, "relative_strength": -17.019169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.692172, "energy": 28.320045, "activity_lines": [ 16.305415, 16.304798, 16.649667, 16.841438 ] }, { "date": "2024-03-22", "close": 16.532679, "volume": 45682560, "typical_volume": 57792966.0, "trend": 17.159473, "fair_value": 17.260344, "relative_strength": -13.360782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.611016, "energy": 20.690853, "activity_lines": [ 16.36765, 16.347582, 16.612025, 16.796728 ] }, { "date": "2024-03-29", "close": 16.984056, "volume": 36590280, "typical_volume": 56313186.0, "trend": 17.07818, "fair_value": 17.268683, "relative_strength": -11.223112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.009284, "energy": 15.511242, "activity_lines": [ 16.55512, 16.466941, 16.619928, 16.785411 ] }, { "date": "2024-04-05", "close": 17.397182, "volume": 63100680, "typical_volume": 55750434.0, "trend": 17.027841, "fair_value": 17.273715, "relative_strength": -7.724882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.888361, "energy": 8.786873, "activity_lines": [ 16.837678, 16.644388, 16.670821, 16.805992 ] }, { "date": "2024-04-12", "close": 17.068213, "volume": 55386840, "typical_volume": 54868212.0, "trend": 16.954832, "fair_value": 17.271815, "relative_strength": -8.36869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.218443, "energy": 15.675134, "activity_lines": [ 16.989667, 16.748149, 16.694729, 16.808596 ] }, { "date": "2024-04-19", "close": 17.645058, "volume": 86477300, "typical_volume": 56099575.0, "trend": 16.938901, "fair_value": 17.270224, "relative_strength": -4.18406, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.073116, "energy": 28.785381, "activity_lines": [ 17.279365, 16.943775, 16.773249, 16.853127 ] }, { "date": "2024-04-26", "close": 17.103405, "volume": 90208500, "typical_volume": 57360178.0, "trend": 16.908151, "fair_value": 17.266187, "relative_strength": -7.693639, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.962209, "energy": 26.694717, "activity_lines": [ 17.272021, 17.01063, 16.796493, 16.86374 ] }, { "date": "2024-05-03", "close": 18.049002, "volume": 54825700, "typical_volume": 57236865.0, "trend": 16.945278, "fair_value": 17.257434, "relative_strength": -3.72567, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.581879, "energy": 41.368749, "activity_lines": [ 17.541827, 17.232155, 16.909989, 16.937343 ] }, { "date": "2024-05-10", "close": 17.571613, "volume": 62779800, "typical_volume": 57864303.0, "trend": 16.974958, "fair_value": 17.251642, "relative_strength": -5.315681, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 44.947934, "energy": 41.202087, "activity_lines": [ 17.581508, 17.335895, 16.976324, 16.977752 ] }, { "date": "2024-05-17", "close": 18.204809, "volume": 67860100, "typical_volume": 60647654.0, "trend": 17.047657, "fair_value": 17.251087, "relative_strength": -2.097198, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.861852, "energy": 43.889039, "activity_lines": [ 17.820625, 17.545888, 17.105064, 17.057097 ] }, { "date": "2024-05-24", "close": 17.431921, "volume": 79270400, "typical_volume": 63108090.0, "trend": 17.084882, "fair_value": 17.249801, "relative_strength": -3.03195, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 25.200646, "energy": 26.742962, "activity_lines": [ 17.726339, 17.579806, 17.159679, 17.081889 ] }, { "date": "2024-05-31", "close": 16.863897, "volume": 47699800, "typical_volume": 61759862.0, "trend": 17.078023, "fair_value": 17.245531, "relative_strength": -4.169963, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.115423, "energy": 8.249556, "activity_lines": [ 17.456922, 17.482552, 17.161185, 17.067632 ] }, { "date": "2024-06-07", "close": 15.802333, "volume": 49391400, "typical_volume": 60931184.0, "trend": 17.013118, "fair_value": 17.232587, "relative_strength": -8.872982, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.463458, "energy": 15.297384, "activity_lines": [ 16.849616, 17.186264, 17.058574, 16.985329 ] }, { "date": "2024-06-14", "close": 15.830272, "volume": 63242200, "typical_volume": 61784080.0, "trend": 16.930469, "fair_value": 17.233392, "relative_strength": -7.519716, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.749867, "energy": 30.835943, "activity_lines": [ 16.401402, 16.916542, 16.959792, 16.909016 ] }, { "date": "2024-06-21", "close": 16.519354, "volume": 50489600, "typical_volume": 61421102.0, "trend": 16.914456, "fair_value": 17.232522, "relative_strength": -4.585936, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.659658, "energy": 30.010211, "activity_lines": [ 16.298971, 16.800597, 16.930465, 16.882493 ] }, { "date": "2024-06-28", "close": 17.115316, "volume": 44805000, "typical_volume": 61686842.0, "trend": 16.922625, "fair_value": 17.239211, "relative_strength": -2.958252, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.541614, "energy": 24.613142, "activity_lines": [ 16.507558, 16.802988, 16.957101, 16.895452 ] }, { "date": "2024-07-05", "close": 16.761461, "volume": 45720800, "typical_volume": 61652118.0, "trend": 16.909859, "fair_value": 17.245917, "relative_strength": -6.377548, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.212349, "energy": 14.947372, "activity_lines": [ 16.619301, 16.750673, 16.944626, 16.885054 ] }, { "date": "2024-07-12", "close": 17.012886, "volume": 28219100, "typical_volume": 59200429.0, "trend": 16.887194, "fair_value": 17.252987, "relative_strength": -6.436601, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.845544, "energy": 6.360216, "activity_lines": [ 16.82168, 16.750289, 16.953205, 16.891701 ] }, { "date": "2024-07-19", "close": 17.497108, "volume": 41835900, "typical_volume": 57753220.0, "trend": 16.870007, "fair_value": 17.258731, "relative_strength": -2.419433, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.67658, "energy": 17.046533, "activity_lines": [ 17.104764, 16.856784, 17.004719, 16.93105 ] }, { "date": "2024-07-26", "close": 17.059446, "volume": 66000100, "typical_volume": 58191045.0, "trend": 16.835439, "fair_value": 17.261462, "relative_strength": -4.248549, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.307702, "energy": 19.896836, "activity_lines": [ 17.130837, 16.885058, 17.012581, 16.943272 ] }, { "date": "2024-08-02", "close": 16.137564, "volume": 62048300, "typical_volume": 57081718.0, "trend": 16.785374, "fair_value": 17.256344, "relative_strength": -7.681495, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.520718, "energy": 4.158361, "activity_lines": [ 16.813611, 16.766543, 16.928788, 16.898248 ] }, { "date": "2024-08-09", "close": 16.305178, "volume": 54197100, "typical_volume": 57507445.0, "trend": 16.787864, "fair_value": 17.252439, "relative_strength": -9.687657, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.374189, "energy": 15.158815, "activity_lines": [ 16.617439, 16.702036, 16.859817, 16.867267 ] }, { "date": "2024-08-16", "close": 16.145782, "volume": 48641800, "typical_volume": 58110021.0, "trend": 16.791134, "fair_value": 17.258483, "relative_strength": -12.289661, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.904852, "energy": 32.405889, "activity_lines": [ 16.398554, 16.618707, 16.776748, 16.825843 ] }, { "date": "2024-08-23", "close": 17.13966, "volume": 50454400, "typical_volume": 57477707.0, "trend": 16.807985, "fair_value": 17.266316, "relative_strength": -7.593925, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.307612, "energy": 17.487536, "activity_lines": [ 16.568769, 16.709839, 16.792326, 16.848328 ] }, { "date": "2024-08-30", "close": 17.158411, "volume": 51804300, "typical_volume": 57298580.0, "trend": 16.834854, "fair_value": 17.279803, "relative_strength": -7.259018, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.860175, "energy": 4.143949, "activity_lines": [ 16.769064, 16.780573, 16.810916, 16.870936 ] }, { "date": "2024-09-06", "close": 17.03652, "volume": 57904900, "typical_volume": 55869960.0, "trend": 16.8701, "fair_value": 17.29279, "relative_strength": -6.443765, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.159518, "energy": 9.38532, "activity_lines": [ 16.922131, 16.817525, 16.817468, 16.883947 ] }, { "date": "2024-09-13", "close": 17.62722, "volume": 52399000, "typical_volume": 53979485.0, "trend": 16.919196, "fair_value": 17.31908, "relative_strength": -2.9884, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.529397, "energy": 25.373656, "activity_lines": [ 17.212168, 16.96331, 16.883175, 16.932794 ] }, { "date": "2024-09-20", "close": 16.924007, "volume": 71092500, "typical_volume": 54792825.0, "trend": 16.938506, "fair_value": 17.333743, "relative_strength": -3.773806, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.672992, "energy": 18.006442, "activity_lines": [ 17.179664, 16.965497, 16.879415, 16.933104 ] }, { "date": "2024-09-27", "close": 17.814741, "volume": 61570900, "typical_volume": 54732380.0, "trend": 16.96288, "fair_value": 17.348901, "relative_strength": 0.313713, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.494224, "energy": 45.945844, "activity_lines": [ 17.39219, 17.131252, 16.965844, 16.989635 ] }, { "date": "2024-10-04", "close": 17.983515, "volume": 60502900, "typical_volume": 54364520.0, "trend": 17.020677, "fair_value": 17.367, "relative_strength": 2.159224, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.583088, "energy": 56.80195, "activity_lines": [ 17.615968, 17.321918, 17.067189, 17.055483 ] }, { "date": "2024-10-11", "close": 17.280302, "volume": 81550300, "typical_volume": 54478515.0, "trend": 17.066764, "fair_value": 17.377051, "relative_strength": -0.315851, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.138007, "energy": 37.277399, "activity_lines": [ 17.550335, 17.367926, 17.102615, 17.072233 ] }, { "date": "2024-10-18", "close": 17.252172, "volume": 75809900, "typical_volume": 55884020.0, "trend": 17.090747, "fair_value": 17.392071, "relative_strength": -0.730095, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.148466, "energy": 23.355639, "activity_lines": [ 17.459073, 17.388042, 17.136084, 17.084194 ] }, { "date": "2024-10-25", "close": 16.86775, "volume": 45114100, "typical_volume": 55670155.0, "trend": 17.08687, "fair_value": 17.404018, "relative_strength": -2.289761, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.94062, "energy": 5.613831, "activity_lines": [ 17.264674, 17.321045, 17.131092, 17.069808 ] }, { "date": "2024-11-01", "close": 17.06465, "volume": 36284800, "typical_volume": 54322285.0, "trend": 17.075786, "fair_value": 17.425773, "relative_strength": 0.381709, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.257506, "energy": 6.496689, "activity_lines": [ 17.139659, 17.276721, 17.139779, 17.068374 ] }, { "date": "2024-11-08", "close": 19.183662, "volume": 115249500, "typical_volume": 57560280.0, "trend": 17.1463, "fair_value": 17.451502, "relative_strength": 13.055392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.961521, "energy": 41.492804, "activity_lines": [ 17.770987, 17.619036, 17.344399, 17.204366 ] }, { "date": "2024-11-15", "close": 18.780491, "volume": 53281800, "typical_volume": 57984120.0, "trend": 17.184148, "fair_value": 17.476982, "relative_strength": 10.703371, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.494302, "energy": 59.60709, "activity_lines": [ 18.187915, 17.851225, 17.497935, 17.309798 ] }, { "date": "2024-11-22", "close": 18.838896, "volume": 54704800, "typical_volume": 58433320.0, "trend": 17.241998, "fair_value": 17.499927, "relative_strength": 9.733745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.514653, "energy": 71.479201, "activity_lines": [ 18.524299, 18.062324, 17.649104, 17.416556 ] }, { "date": "2024-11-29", "close": 19.324385, "volume": 75427400, "typical_volume": 60793735.0, "trend": 17.284511, "fair_value": 17.517178, "relative_strength": 15.290787, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.541339, "energy": 79.673033, "activity_lines": [ 18.91673, 18.339663, 17.836617, 17.550903 ] }, { "date": "2024-12-06", "close": 19.486216, "volume": 59481100, "typical_volume": 61675995.0, "trend": 17.348331, "fair_value": 17.528805, "relative_strength": 15.669075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.159142, "energy": 79.410219, "activity_lines": [ 19.19933, 18.602783, 18.028535, 17.692949 ] }, { "date": "2024-12-13", "close": 19.038803, "volume": 62116600, "typical_volume": 61481820.0, "trend": 17.376131, "fair_value": 17.539784, "relative_strength": 13.946363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.59914, "energy": 68.848246, "activity_lines": [ 19.171354, 18.754165, 18.168371, 17.802011 ] }, { "date": "2024-12-20", "close": 18.324846, "volume": 105492100, "typical_volume": 63654010.0, "trend": 17.405895, "fair_value": 17.554074, "relative_strength": 11.69731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.600536, "energy": 43.383748, "activity_lines": [ 18.91505, 18.756549, 18.230785, 17.863219 ] }, { "date": "2024-12-27", "close": 17.45858, "volume": 31710100, "typical_volume": 62529660.0, "trend": 17.425718, "fair_value": 17.561624, "relative_strength": 7.879909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.00807, "energy": 19.635245, "activity_lines": [ 18.400367, 18.582439, 18.200282, 17.866618 ] }, { "date": "2025-01-03", "close": 16.487602, "volume": 31608600, "typical_volume": 61678000.0, "trend": 17.44856, "fair_value": 17.562298, "relative_strength": 3.291145, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.837679, "energy": 17.502159, "activity_lines": [ 17.654046, 18.228034, 18.071813, 17.806094 ] }, { "date": "2025-01-10", "close": 15.992591, "volume": 76332100, "typical_volume": 62971885.0, "trend": 17.453971, "fair_value": 17.556546, "relative_strength": -0.233939, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.299678, "energy": 40.356686, "activity_lines": [ 16.93184, 17.790539, 17.894572, 17.712161 ] }, { "date": "2025-01-17", "close": 16.5352, "volume": 62264800, "typical_volume": 63494910.0, "trend": 17.454499, "fair_value": 17.557411, "relative_strength": 0.070911, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.372253, "energy": 40.231538, "activity_lines": [ 16.623412, 17.471193, 17.77447, 17.652885 ] }, { "date": "2025-01-24", "close": 16.71607, "volume": 44543200, "typical_volume": 62826825.0, "trend": 17.441191, "fair_value": 17.5571, "relative_strength": 0.977022, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.75337, "energy": 48.800615, "activity_lines": [ 16.54218, 17.232885, 17.674562, 17.605245 ] }, { "date": "2025-01-31", "close": 16.39241, "volume": 57848000, "typical_volume": 63099275.0, "trend": 17.428889, "fair_value": 17.551996, "relative_strength": -3.892302, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.749252, "energy": 48.713526, "activity_lines": [ 16.460314, 16.973265, 17.545355, 17.537582 ] }, { "date": "2025-02-07", "close": 15.897401, "volume": 49238100, "typical_volume": 62006555.0, "trend": 17.391706, "fair_value": 17.54636, "relative_strength": -5.697623, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.7705, "energy": 49.869972, "activity_lines": [ 16.284523, 16.668125, 17.374884, 17.438776 ] }, { "date": "2025-02-14", "close": 16.735109, "volume": 66687900, "typical_volume": 62262405.0, "trend": 17.366306, "fair_value": 17.555857, "relative_strength": -3.584525, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.003921, "energy": 31.091609, "activity_lines": [ 16.427315, 16.577605, 17.289083, 17.396415 ] }, { "date": "2025-02-21", "close": 15.44047, "volume": 74223600, "typical_volume": 62948440.0, "trend": 17.31234, "fair_value": 17.557362, "relative_strength": -10.218179, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.349469, "energy": 49.760528, "activity_lines": [ 16.089059, 16.301716, 17.085125, 17.272167 ] }, { "date": "2025-02-28", "close": 15.859324, "volume": 65924200, "typical_volume": 62167135.0, "trend": 17.303065, "fair_value": 17.546467, "relative_strength": -4.489701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.287438, "energy": 48.847703, "activity_lines": [ 15.963403, 16.167406, 16.933167, 17.178424 ] }, { "date": "2025-03-07", "close": 16.242397, "volume": 32394700, "typical_volume": 59996375.0, "trend": 17.300973, "fair_value": 17.534081, "relative_strength": -3.959623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.973759, "energy": 38.716797, "activity_lines": [ 16.022554, 16.147573, 16.824459, 17.109994 ] }, { "date": "2025-03-14", "close": 16.194515, "volume": 45040400, "typical_volume": 59992690.0, "trend": 17.302597, "fair_value": 17.520348, "relative_strength": -7.156978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.410542, "energy": 38.240605, "activity_lines": [ 16.075746, 16.141147, 16.715999, 17.03861 ] }, { "date": "2025-03-21", "close": 16.414782, "volume": 43113700, "typical_volume": 60334135.0, "trend": 17.278435, "fair_value": 17.507679, "relative_strength": -8.223411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.544277, "energy": 27.01134, "activity_lines": [ 16.182552, 16.180099, 16.631723, 16.981331 ] }, { "date": "2025-03-28", "close": 16.184937, "volume": 42555500, "typical_volume": 56699435.0, "trend": 17.245985, "fair_value": 17.493306, "relative_strength": -9.076824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.209602, "energy": 23.15804, "activity_lines": [ 16.234098, 16.169584, 16.528652, 16.910783 ] }, { "date": "2025-04-04", "close": 14.508983, "volume": 76910500, "typical_volume": 57880870.0, "trend": 17.161734, "fair_value": 17.473009, "relative_strength": -15.236012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.986513, "energy": 47.165156, "activity_lines": [ 15.677362, 15.860719, 16.280245, 16.734202 ] }, { "date": "2025-04-11", "close": 14.058867, "volume": 95434700, "typical_volume": 59917365.0, "trend": 17.042789, "fair_value": 17.44971, "relative_strength": -17.841208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.114825, "energy": 73.141483, "activity_lines": [ 15.06061, 15.510143, 16.009311, 16.534017 ] }, { "date": "2025-04-18", "close": 14.317446, "volume": 35440500, "typical_volume": 57918020.0, "trend": 16.955904, "fair_value": 17.432503, "relative_strength": -17.236875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.762153, "energy": 79.285909, "activity_lines": [ 14.67562, 15.24901, 15.785766, 16.358189 ] }, { "date": "2025-04-25", "close": 14.681365, "volume": 46071200, "typical_volume": 57247525.0, "trend": 16.851458, "fair_value": 17.418785, "relative_strength": -18.02886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.92612, "energy": 77.872815, "activity_lines": [ 14.537074, 15.082771, 15.620721, 16.211444 ] }, { "date": "2025-05-02", "close": 14.307867, "volume": 51973400, "typical_volume": 56740365.0, "trend": 16.728936, "fair_value": 17.401785, "relative_strength": -19.947366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.55789, "energy": 75.648629, "activity_lines": [ 14.38959, 14.885963, 15.442986, 16.047342 ] }, { "date": "2025-05-09", "close": 14.240596, "volume": 46827600, "typical_volume": 53807140.0, "trend": 16.627613, "fair_value": 17.385897, "relative_strength": -20.743234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.210069, "energy": 61.493864, "activity_lines": [ 14.34482, 14.697517, 15.281373, 15.886804 ] }, { "date": "2025-05-16", "close": 15.22537, "volume": 66338100, "typical_volume": 55538540.0, "trend": 16.560053, "fair_value": 17.373481, "relative_strength": -16.492366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.451551, "energy": 43.112823, "activity_lines": [ 14.646201, 14.717553, 15.232996, 15.796336 ] }, { "date": "2025-05-23", "close": 14.916421, "volume": 51387000, "typical_volume": 56527460.0, "trend": 16.495008, "fair_value": 17.353419, "relative_strength": -16.98774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.982375, "energy": 34.825297, "activity_lines": [ 14.766831, 14.699907, 15.16583, 15.690295 ] }, { "date": "2025-05-30", "close": 14.723329, "volume": 60570000, "typical_volume": 55739355.0, "trend": 16.416964, "fair_value": 17.329443, "relative_strength": -17.211228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.995077, "energy": 28.837367, "activity_lines": [ 14.783167, 14.670391, 15.087756, 15.575994 ] }, { "date": "2025-06-06", "close": 16.113598, "volume": 74494800, "typical_volume": 56350855.0, "trend": 16.314629, "fair_value": 17.324688, "relative_strength": -8.609322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.517155, "energy": 17.064588, "activity_lines": [ 15.260127, 14.924406, 15.148133, 15.556422 ] }, { "date": "2025-06-13", "close": 16.181179, "volume": 80846300, "typical_volume": 58166010.0, "trend": 16.227985, "fair_value": 17.336499, "relative_strength": -8.774591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.659334, "energy": 15.592463, "activity_lines": [ 15.639232, 15.192005, 15.216953, 15.547812 ] }, { "date": "2025-06-20", "close": 15.457083, "volume": 36288200, "typical_volume": 57088020.0, "trend": 16.115258, "fair_value": 17.344494, "relative_strength": -12.490457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.994369, "energy": 15.889332, "activity_lines": [ 15.6476, 15.297547, 15.219359, 15.498076 ] }, { "date": "2025-06-27", "close": 15.35088, "volume": 43598100, "typical_volume": 56806020.0, "trend": 15.982808, "fair_value": 17.355231, "relative_strength": -12.594104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.838433, "energy": 16.314239, "activity_lines": [ 15.60512, 15.358357, 15.216105, 15.448762 ] }, { "date": "2025-07-04", "close": 16.200489, "volume": 34628700, "typical_volume": 55203060.0, "trend": 15.873284, "fair_value": 17.367087, "relative_strength": -10.518997, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.44329, "energy": 15.015824, "activity_lines": [ 15.816878, 15.554851, 15.296368, 15.462806 ] }, { "date": "2025-07-11", "close": 16.113598, "volume": 51574700, "typical_volume": 54070615.0, "trend": 15.775777, "fair_value": 17.377756, "relative_strength": -7.35084, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.33941, "energy": 23.042037, "activity_lines": [ 15.901195, 15.707927, 15.370902, 15.47831 ] }, { "date": "2025-07-18", "close": 15.553628, "volume": 47244300, "typical_volume": 53136620.0, "trend": 15.683403, "fair_value": 17.383774, "relative_strength": -8.407125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.342661, "energy": 13.641131, "activity_lines": [ 15.798856, 15.726359, 15.3889, 15.463977 ] }, { "date": "2025-07-25", "close": 16.586676, "volume": 54564600, "typical_volume": 54245115.0, "trend": 15.654339, "fair_value": 17.393855, "relative_strength": -2.286064, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.447726, "energy": 31.819576, "activity_lines": [ 16.082703, 15.908744, 15.506739, 15.522253 ] }, { "date": "2025-08-01", "close": 15.495699, "volume": 52789300, "typical_volume": 54632560.0, "trend": 15.621276, "fair_value": 17.396196, "relative_strength": -7.8074, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.793217, "energy": 15.350285, "activity_lines": [ 15.927585, 15.868018, 15.519036, 15.512018 ] }, { "date": "2025-08-08", "close": 15.823959, "volume": 39868000, "typical_volume": 54470275.0, "trend": 15.615655, "fair_value": 17.394936, "relative_strength": -8.145179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.297513, "energy": 8.886708, "activity_lines": [ 15.872232, 15.876444, 15.565923, 15.525095 ] }, { "date": "2025-08-15", "close": 15.785338, "volume": 40021700, "typical_volume": 54343585.0, "trend": 15.59066, "fair_value": 17.400103, "relative_strength": -8.591068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.457735, "energy": 8.660848, "activity_lines": [ 15.829107, 15.857837, 15.611946, 15.536042 ] }, { "date": "2025-08-22", "close": 15.911777, "volume": 35595600, "typical_volume": 52277840.0, "trend": 15.56385, "fair_value": 17.404746, "relative_strength": -8.79229, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.250968, "energy": 5.381091, "activity_lines": [ 15.850013, 15.868187, 15.671913, 15.556759 ] }, { "date": "2025-08-29", "close": 16.203558, "volume": 49952400, "typical_volume": 50003725.0, "trend": 15.557555, "fair_value": 17.411219, "relative_strength": -9.228289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.933795, "energy": 23.928685, "activity_lines": [ 15.944302, 15.936486, 15.75299, 15.598031 ] }, { "date": "2025-09-05", "close": 16.962191, "volume": 35082700, "typical_volume": 49985835.0, "trend": 15.593048, "fair_value": 17.420653, "relative_strength": -5.679456, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.400502, "energy": 50.040189, "activity_lines": [ 16.31701, 16.129146, 15.896104, 15.688652 ] }, { "date": "2025-09-12", "close": 15.853421, "volume": 54918500, "typical_volume": 50428200.0, "trend": 15.563658, "fair_value": 17.429252, "relative_strength": -11.356541, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.090508, "energy": 39.835483, "activity_lines": [ 16.222362, 16.090915, 15.921027, 15.705451 ] }, { "date": "2025-09-19", "close": 16.310547, "volume": 41676000, "typical_volume": 49913330.0, "trend": 15.592661, "fair_value": 17.435439, "relative_strength": -10.810859, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.918702, "energy": 43.284845, "activity_lines": [ 16.278126, 16.142108, 15.983904, 15.753637 ] }, { "date": "2025-09-26", "close": 16.164658, "volume": 32918300, "typical_volume": 49217865.0, "trend": 15.602838, "fair_value": 17.440165, "relative_strength": -11.039641, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.514788, "energy": 35.693798, "activity_lines": [ 16.250245, 16.163195, 16.023351, 15.79054 ] }, { "date": "2025-10-03", "close": 17.020544, "volume": 51161700, "typical_volume": 48459045.0, "trend": 15.628777, "fair_value": 17.445765, "relative_strength": -5.25133, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.503932, "energy": 34.81924, "activity_lines": [ 16.490802, 16.328788, 16.135148, 15.882005 ] }, { "date": "2025-10-10", "close": 16.874655, "volume": 61058300, "typical_volume": 48942610.0, "trend": 15.651448, "fair_value": 17.451563, "relative_strength": -3.519003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.912508, "energy": 46.542626, "activity_lines": [ 16.628263, 16.459968, 16.224503, 15.962384 ] }, { "date": "2025-10-17", "close": 17.506845, "volume": 61331600, "typical_volume": 48980690.0, "trend": 15.68785, "fair_value": 17.454615, "relative_strength": -1.648464, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.697323, "energy": 63.714844, "activity_lines": [ 16.982289, 16.681019, 16.364742, 16.082087 ] }, { "date": "2025-10-24", "close": 17.711092, "volume": 39773900, "typical_volume": 47244645.0, "trend": 15.738722, "fair_value": 17.46452, "relative_strength": -2.256972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.622754, "energy": 75.170771, "activity_lines": [ 17.29417, 16.908607, 16.511178, 16.212619 ] }, { "date": "2025-10-31", "close": 18.421093, "volume": 65161700, "typical_volume": 46460415.0, "trend": 15.869126, "fair_value": 17.473514, "relative_strength": -0.473815, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.466616, "energy": 83.572602, "activity_lines": [ 17.749348, 17.230274, 16.717626, 16.385675 ] }, { "date": "2025-11-07", "close": 18.508627, "volume": 53281900, "typical_volume": 47310100.0, "trend": 16.017451, "fair_value": 17.466236, "relative_strength": -2.483731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.105648, "energy": 85.227701, "activity_lines": [ 18.083275, 17.522231, 16.921744, 16.555966 ] }, { "date": "2025-11-14", "close": 18.527357, "volume": 47861900, "typical_volume": 47523290.0, "trend": 16.157781, "fair_value": 17.464298, "relative_strength": -4.218127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.656629, "energy": 84.146931, "activity_lines": [ 18.32424, 17.775684, 17.113114, 16.717895 ] }, { "date": "2025-11-21", "close": 18.231234, "volume": 38077500, "typical_volume": 47695730.0, "trend": 16.27611, "fair_value": 17.453181, "relative_strength": -3.515792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.070894, "energy": 76.878725, "activity_lines": [ 18.356317, 17.946838, 17.261157, 16.851666 ] }, { "date": "2025-11-28", "close": 18.793865, "volume": 34361300, "typical_volume": 46835060.0, "trend": 16.425644, "fair_value": 17.438133, "relative_strength": -2.681968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.011137, "energy": 68.181461, "activity_lines": [ 18.527645, 18.177057, 17.453113, 17.014102 ] }, { "date": "2025-12-05", "close": 18.85309, "volume": 56859100, "typical_volume": 47315800.0, "trend": 16.579393, "fair_value": 17.421851, "relative_strength": -0.769983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.755879, "energy": 59.222087, "activity_lines": [ 18.64653, 18.372892, 17.637947, 17.170711 ] }, { "date": "2025-12-12", "close": 19.672361, "volume": 55955100, "typical_volume": 47385325.0, "trend": 16.727626, "fair_value": 17.416486, "relative_strength": 1.847727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.857342, "energy": 69.203645, "activity_lines": [ 19.009706, 18.668805, 17.885094, 17.370258 ] }, { "date": "2025-12-19", "close": 20.106674, "volume": 60442800, "typical_volume": 47768000.0, "trend": 16.900635, "fair_value": 17.420311, "relative_strength": 5.996074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.96328, "energy": 85.282111, "activity_lines": [ 19.44007, 18.995469, 18.158911, 17.588261 ] }, { "date": "2025-12-26", "close": 20.48176, "volume": 17667000, "typical_volume": 46657950.0, "trend": 17.092583, "fair_value": 17.423621, "relative_strength": 6.652849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.468935, "energy": 90.8843, "activity_lines": [ 19.890175, 19.331566, 18.446494, 17.819301 ] }, { "date": "2026-01-02", "close": 20.244862, "volume": 17705100, "typical_volume": 45542120.0, "trend": 17.230291, "fair_value": 17.421229, "relative_strength": 5.875974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.36868, "energy": 88.731243, "activity_lines": [ 20.111279, 19.570502, 18.689334, 18.022674 ] }, { "date": "2026-01-09", "close": 20.777882, "volume": 39686100, "typical_volume": 45746645.0, "trend": 17.383515, "fair_value": 17.413103, "relative_strength": 6.90778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.734081, "energy": 89.753493, "activity_lines": [ 20.413323, 19.860282, 18.961703, 18.251551 ] }, { "date": "2026-01-16", "close": 21.755085, "volume": 44490800, "typical_volume": 45473565.0, "trend": 17.593448, "fair_value": 17.407885, "relative_strength": 11.020775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.973172, "energy": 91.239226, "activity_lines": [ 20.912782, 20.284884, 19.303967, 18.533588 ] }, { "date": "2026-01-23", "close": 22.949442, "volume": 57679200, "typical_volume": 46603390.0, "trend": 17.846734, "fair_value": 17.414376, "relative_strength": 8.053495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.060666, "energy": 89.32739, "activity_lines": [ 21.671512, 20.867616, 19.733543, 18.879136 ] }, { "date": "2026-01-30", "close": 22.130171, "volume": 76943800, "typical_volume": 47704655.0, "trend": 18.04439, "fair_value": 17.420932, "relative_strength": 2.889218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.135398, "energy": 73.09864, "activity_lines": [ 21.967634, 21.220988, 20.056583, 19.155486 ] }, { "date": "2026-02-06", "close": 21.685987, "volume": 62762200, "typical_volume": 48758965.0, "trend": 18.230136, "fair_value": 17.436537, "relative_strength": 0.096654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.512895, "energy": 66.798184, "activity_lines": [ 22.0058, 21.422709, 20.30743, 19.390428 ] }, { "date": "2026-02-13", "close": 21.370125, "volume": 93235500, "typical_volume": 51774825.0, "trend": 18.424019, "fair_value": 17.44894, "relative_strength": -2.969436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.637358, "energy": 60.943295, "activity_lines": [ 21.842604, 21.514417, 20.502598, 19.593008 ] }, { "date": "2026-02-20", "close": 21.360254, "volume": 25857900, "typical_volume": 50509635.0, "trend": 18.583138, "fair_value": 17.463633, "relative_strength": -4.941279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.977291, "energy": 50.444509, "activity_lines": [ 21.636634, 21.558566, 20.672037, 19.782443 ] }, { "date": "2026-02-27", "close": 20.718657, "volume": 78934700, "typical_volume": 51403455.0, "trend": 18.757237, "fair_value": 17.468244, "relative_strength": -6.647971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.15326, "energy": 33.706714, "activity_lines": [ 21.243121, 21.455372, 20.759707, 19.920218 ] }, { "date": "2026-03-06", "close": 18.655676, "volume": 57453800, "typical_volume": 51209565.0, "trend": 18.851628, "fair_value": 17.470219, "relative_strength": -11.151326, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.044409, "energy": 18.11677, "activity_lines": [ 20.310667, 20.965964, 20.632598, 19.913666 ] }, { "date": "2026-03-13", "close": 17.594137, "volume": 72067300, "typical_volume": 52824235.0, "trend": 18.911921, "fair_value": 17.471055, "relative_strength": -15.028947, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -21.572657, "energy": 33.394562, "activity_lines": [ 19.256, 20.31675, 20.398919, 19.832537 ] }, { "date": "2026-03-20", "close": 17.316284, "volume": 57302300, "typical_volume": 52431265.0, "trend": 18.958738, "fair_value": 17.468707, "relative_strength": -15.330367, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.36693, "energy": 48.911511, "activity_lines": [ 18.381504, 19.665212, 20.139335, 19.729593 ] }, { "date": "2026-03-27", "close": 17.991072, "volume": 43290800, "typical_volume": 51931710.0, "trend": 19.018322, "fair_value": 17.467457, "relative_strength": -14.281967, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.988241, "energy": 50.585194, "activity_lines": [ 18.002194, 19.199301, 19.949277, 19.667163 ] }, { "date": "2026-04-03", "close": 19.658199, "volume": 50580200, "typical_volume": 52067625.0, "trend": 19.108189, "fair_value": 17.483118, "relative_strength": -9.431074, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.96409, "energy": 45.984772, "activity_lines": [ 18.403206, 19.104941, 19.920458, 19.708445 ] }, { "date": "2026-04-10", "close": 21.12686, "volume": 74021900, "typical_volume": 53864845.0, "trend": 19.28397, "fair_value": 17.498005, "relative_strength": -7.191312, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 29.531195, "energy": 20.487154, "activity_lines": [ 19.364468, 19.337451, 20.026127, 19.838682 ] }, { "date": "2026-04-17", "close": 21.374943, "volume": 56463700, "typical_volume": 54969965.0, "trend": 19.452783, "fair_value": 17.515682, "relative_strength": -5.319366, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.533399, "energy": 29.618508, "activity_lines": [ 20.243679, 19.633308, 20.141634, 19.973584 ] }, { "date": "2026-04-24", "close": 21.60318, "volume": 39764700, "typical_volume": 54115245.0, "trend": 19.634067, "fair_value": 17.538094, "relative_strength": -1.875814, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.667254, "energy": 42.964997, "activity_lines": [ 20.946915, 19.976319, 20.266586, 20.112319 ] }, { "date": "2026-05-01", "close": 22.436745, "volume": 59887100, "typical_volume": 54311845.0, "trend": 19.814607, "fair_value": 17.567648, "relative_strength": 3.53502, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.151807, "energy": 54.813048, "activity_lines": [ 21.642213, 20.46665, 20.457831, 20.293137 ] }, { "date": "2026-05-08", "close": 23.69701, "volume": 55798000, "typical_volume": 54079605.0, "trend": 20.042019, "fair_value": 17.607723, "relative_strength": 10.807783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.253472, "energy": 81.626973, "activity_lines": [ 22.461221, 21.166547, 20.755936, 20.543614 ] }, { "date": "2026-05-15", "close": 23.34, "volume": 55147500, "typical_volume": 55953630.0, "trend": 20.236457, "fair_value": 17.643972, "relative_strength": 12.923088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.42977, "energy": 81.353157, "activity_lines": [ 22.891972, 21.747382, 21.002944, 20.756387 ] }, { "date": "2026-05-22", "close": 24.01, "volume": 32080700, "typical_volume": 56672410.0, "trend": 20.446421, "fair_value": 17.680373, "relative_strength": 16.33482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.293315, "energy": 83.226135, "activity_lines": [ 23.398513, 22.364865, 21.300151, 20.999842 ] }, { "date": "2026-05-29", "close": 22.77, "volume": 57101300, "typical_volume": 57543170.0, "trend": 20.591385, "fair_value": 17.70826, "relative_strength": 11.432962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.169939, "energy": 72.149211, "activity_lines": [ 23.316051, 22.640241, 21.461333, 21.14975 ] }, { "date": "2026-06-05", "close": 23.48, "volume": 10640800, "typical_volume": 55850670.0, "trend": 20.757097, "fair_value": 17.739662, "relative_strength": 17.754485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.851924, "energy": 59.802051, "activity_lines": [ 23.392467, 22.94555, 21.680648, 21.336112 ] }, { "date": "2026-06-12", "close": 23.879999, "volume": 9298900, "typical_volume": 53431655.0, "trend": 20.935518, "fair_value": 17.770569, "relative_strength": 17.865864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.034575, "energy": 54.966254, "activity_lines": [ 23.532666, 23.223787, 21.929845, 21.53759 ] }, { "date": "2026-06-19", "close": 21.66, "volume": 11260500, "typical_volume": 50147490.0, "trend": 21.049811, "fair_value": 17.791105, "relative_strength": 8.253008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.986773, "energy": 32.666069, "activity_lines": [ 22.920666, 23.021629, 21.963182, 21.584331 ] }, { "date": "2026-06-26", "close": 21.42, "volume": 9578200, "typical_volume": 47488290.0, "trend": 21.137348, "fair_value": 17.810385, "relative_strength": 3.945612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.292047, "energy": 20.462669, "activity_lines": [ 22.340666, 22.76614, 21.9759, 21.608214 ] }, { "date": "2026-07-03", "close": 21.440001, "volume": 6278600, "typical_volume": 43140445.0, "trend": 21.223579, "fair_value": 17.824756, "relative_strength": 3.320566, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.476481, "energy": 22.529616, "activity_lines": [ 21.94, 22.513469, 21.99179, 21.62774 ] }, { "date": "2026-07-10", "close": 23.01, "volume": 54367300, "typical_volume": 44565915.0, "trend": 21.334834, "fair_value": 17.844389, "relative_strength": 8.448653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.155037, "energy": 28.630443, "activity_lines": [ 22.151334, 22.549218, 22.156871, 21.742993 ] }, { "date": "2026-07-17", "close": 24.040001, "volume": 42906400, "typical_volume": 42764500.0, "trend": 21.465944, "fair_value": 17.870342, "relative_strength": 15.60537, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.139494, "energy": 27.964606, "activity_lines": [ 22.737334, 22.761818, 22.412191, 21.91752 ] }, { "date": "2026-07-24", "close": 24.26, "volume": 28941800, "typical_volume": 41338900.0, "trend": 21.591886, "fair_value": 17.892245, "relative_strength": 16.160382, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.333404, "energy": 53.151327, "activity_lines": [ 23.386, 23.008182, 22.672648, 22.097781 ] }, { "date": "2026-07-31", "close": 24.98, "volume": 39540200, "typical_volume": 39712545.0, "trend": 21.749724, "fair_value": 17.920222, "relative_strength": 16.513222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.141324, "energy": 77.498073, "activity_lines": [ 24.101334, 23.368727, 22.974988, 22.316369 ] }, { "date": "2026-08-07", "close": 25.049999, "volume": 51865600, "typical_volume": 39440710.0, "trend": 21.892128, "fair_value": 17.959993, "relative_strength": 20.003869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.508583, "energy": 81.492832, "activity_lines": [ 24.602666, 23.724364, 23.248825, 22.52929 ] } ], "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." } } }