{ "ticker": { "uuid": "88b6ea3a-394d-4870-9953-fd888263aaf9", "symbol": "SRPT", "name": "Sarepta Therapeutics Inc", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -51.584, "architecture_energy": 48.383, "architecture_maturity": 27.101, "architecture_confidence": 95.085, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 26.56, "rotation_up": 18.98, "upward_expansion": 13.9, "deceleration": 35.45, "rotation_down": 57.22, "downward_expansion": 80.24 }, "activity_lines": [ 16.251333, 16.799636, 17.44131, 17.870677 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 16.78, "trend_reference": 18.4145, "distance_from_trend": -0.088762, "trend_direction": "Weakening", "fair_value": 75.505577, "distance_from_fair_value": -0.777765, "fair_value_direction": "Weakening", "relative_strength": -24.593339, "relative_strength_direction": "Weakening", "price_momentum": -0.092973, "excess_performance": -0.280427, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.088762, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.066494, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.777765, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.015564, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.245933, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013904, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.092973, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.40264, "read": "Supply-led" } ], "volume": { "latest": 18093187, "relative_activity": 1.121238, "balance": 0.40264, "dry_up": 1.011345, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.139258, "annualized_volatility": 0.646002, "from_high_reference": -0.337283, "from_low_reference": 0.143052 }, "levels": { "trend_reference": 18.4145, "fair_value_reference": 75.505577, "structural_low": 14.68, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.08197, "positive_rate": 0.678571, "directional_follow_through": 0.321429, "median_excess_return": 0.055365, "regime_survival": 0.714286, "best_return": 0.31751, "worst_return": -0.575913, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.056361, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.021731, "regime_survival": 0.4, "best_return": 0.554544, "worst_return": -0.662529, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.016714, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004384, "regime_survival": 0.333333, "best_return": 0.446232, "worst_return": -0.621949, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.257524, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.096222, "regime_survival": 0.0, "best_return": 0.410581, "worst_return": -0.805256, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-06-14", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-08-09", "tenure": "Developing", "return": -0.220134, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": -0.046831, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-27", "end": "2024-10-25", "tenure": "Developing", "return": 0.05308, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2025-01-03", "tenure": "Developing", "return": 0.024333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": -0.103935, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-10-24", "tenure": "Extended", "return": -0.788698, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2026-02-20", "tenure": "Established", "return": -0.213661, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.002983, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-04-03", "tenure": "New", "return": 0.416463, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.017469, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": -0.016995, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": 0.018234, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.065397, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 111.89, "volume": 5499731, "typical_volume": 6454953.05, "trend": 123.719833, "fair_value": 101.998558, "relative_strength": -20.657392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.164784, "energy": 41.868014, "activity_lines": [ 108.692667, 109.197182, 115.530119, 119.749731 ] }, { "date": "2023-08-25", "close": 119.0, "volume": 3750172, "typical_volume": 6464168.25, "trend": 123.590167, "fair_value": 101.816122, "relative_strength": -16.819961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.45934, "energy": 29.668951, "activity_lines": [ 112.384667, 110.551636, 115.380667, 119.445226 ] }, { "date": "2023-09-01", "close": 122.51, "volume": 3774718, "typical_volume": 6153455.15, "trend": 123.707167, "fair_value": 101.750481, "relative_strength": -17.246582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.086216, "energy": 20.823817, "activity_lines": [ 116.371333, 112.752273, 115.677643, 119.375538 ] }, { "date": "2023-09-08", "close": 119.91, "volume": 3394420, "typical_volume": 6058112.35, "trend": 123.689167, "fair_value": 101.681442, "relative_strength": -17.64464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.725505, "energy": 24.178153, "activity_lines": [ 118.559333, 114.327091, 115.727571, 119.130559 ] }, { "date": "2023-09-15", "close": 118.4, "volume": 3651364, "typical_volume": 5992948.15, "trend": 123.4835, "fair_value": 101.513942, "relative_strength": -18.008928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.39641, "energy": 23.882558, "activity_lines": [ 119.270667, 115.529364, 115.672119, 118.789323 ] }, { "date": "2023-09-22", "close": 119.93, "volume": 3573172, "typical_volume": 5894002.75, "trend": 123.379167, "fair_value": 101.359647, "relative_strength": -13.824806, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.890482, "energy": 20.336628, "activity_lines": [ 119.8, 116.838909, 115.78319, 118.560065 ] }, { "date": "2023-09-29", "close": 121.22, "volume": 5097833, "typical_volume": 5573090.4, "trend": 122.232833, "fair_value": 101.27266, "relative_strength": -12.648105, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.312801, "energy": 14.785445, "activity_lines": [ 120.223333, 118.163091, 116.069833, 118.420763 ] }, { "date": "2023-10-06", "close": 123.94, "volume": 5233797, "typical_volume": 5111164.85, "trend": 121.566833, "fair_value": 101.146763, "relative_strength": -11.927196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.763723, "energy": 22.743948, "activity_lines": [ 121.405333, 119.702727, 116.610667, 118.530903 ] }, { "date": "2023-10-13", "close": 117.96, "volume": 5152004, "typical_volume": 4847201.55, "trend": 121.409167, "fair_value": 100.989968, "relative_strength": -15.842986, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.584966, "energy": 13.800451, "activity_lines": [ 120.498667, 119.874909, 116.701786, 118.298204 ] }, { "date": "2023-10-20", "close": 111.2, "volume": 4078944, "typical_volume": 4881553.0, "trend": 120.776167, "fair_value": 100.819904, "relative_strength": -17.871427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.740295, "energy": 16.701131, "activity_lines": [ 117.468667, 118.588, 116.191286, 117.639548 ] }, { "date": "2023-10-27", "close": 106.83, "volume": 4852471, "typical_volume": 4937410.55, "trend": 119.742833, "fair_value": 100.633494, "relative_strength": -18.552314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.988695, "energy": 31.645647, "activity_lines": [ 113.462, 116.448727, 115.331071, 116.739796 ] }, { "date": "2023-11-03", "close": 78.01, "volume": 37084271, "typical_volume": 6575158.05, "trend": 117.5915, "fair_value": 100.328045, "relative_strength": -43.628337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.039576, "energy": 76.217876, "activity_lines": [ 100.722, 109.161455, 111.825333, 114.047355 ] }, { "date": "2023-11-10", "close": 79.45, "volume": 9184816, "typical_volume": 6568171.15, "trend": 116.152167, "fair_value": 99.930929, "relative_strength": -43.737311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.173288, "energy": 89.372692, "activity_lines": [ 91.342667, 102.881273, 108.706405, 111.586613 ] }, { "date": "2023-11-17", "close": 83.15, "volume": 6553366, "typical_volume": 6435818.6, "trend": 114.657833, "fair_value": 99.623045, "relative_strength": -41.742078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.003537, "energy": 88.489486, "activity_lines": [ 86.162667, 98.056727, 106.10481, 109.457441 ] }, { "date": "2023-11-24", "close": 82.87, "volume": 3392997, "typical_volume": 6449338.15, "trend": 113.327833, "fair_value": 99.262276, "relative_strength": -41.883341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.964836, "energy": 88.707734, "activity_lines": [ 83.21, 93.849636, 103.625929, 107.406613 ] }, { "date": "2023-12-01", "close": 84.44, "volume": 5303965, "typical_volume": 6506868.55, "trend": 111.775833, "fair_value": 98.789904, "relative_strength": -40.162523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.228254, "energy": 84.752589, "activity_lines": [ 82.669333, 90.574, 101.421, 105.542882 ] }, { "date": "2023-12-08", "close": 87.03, "volume": 5790786, "typical_volume": 6545867.15, "trend": 110.670167, "fair_value": 98.275737, "relative_strength": -38.017116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.087943, "energy": 57.987337, "activity_lines": [ 84.484667, 88.414545, 99.574143, 103.946376 ] }, { "date": "2023-12-15", "close": 92.99, "volume": 8744922, "typical_volume": 6738164.95, "trend": 108.799833, "fair_value": 97.747468, "relative_strength": -35.143199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.075864, "energy": 45.998215, "activity_lines": [ 87.685333, 87.960364, 98.384619, 102.80572 ] }, { "date": "2023-12-22", "close": 94.54, "volume": 5592441, "typical_volume": 6776922.45, "trend": 107.723833, "fair_value": 97.231506, "relative_strength": -33.756609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.203582, "energy": 32.282332, "activity_lines": [ 90.5, 88.350727, 97.416714, 101.885731 ] }, { "date": "2023-12-29", "close": 96.43, "volume": 3195228, "typical_volume": 6645070.9, "trend": 106.766167, "fair_value": 96.756763, "relative_strength": -31.699623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.277814, "energy": 23.1049, "activity_lines": [ 93.185333, 89.510545, 96.680095, 101.157097 ] }, { "date": "2024-01-05", "close": 97.34, "volume": 4033840, "typical_volume": 6571776.35, "trend": 105.755167, "fair_value": 96.853237, "relative_strength": -27.981646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.471912, "energy": 23.666191, "activity_lines": [ 95.27, 91.104364, 96.085333, 100.548957 ] }, { "date": "2024-01-12", "close": 116.8, "volume": 11996583, "typical_volume": 6984096.9, "trend": 105.3005, "fair_value": 97.022981, "relative_strength": -15.481099, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.686338, "energy": 18.025325, "activity_lines": [ 102.981333, 96.408909, 97.41319, 101.261527 ] }, { "date": "2024-01-19", "close": 115.64, "volume": 5889120, "typical_volume": 7089817.0, "trend": 105.352167, "fair_value": 97.134519, "relative_strength": -17.741774, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 30.618185, "energy": 34.611788, "activity_lines": [ 108.321333, 100.797273, 98.641048, 101.928591 ] }, { "date": "2024-01-26", "close": 118.73, "volume": 5382914, "typical_volume": 7189241.7, "trend": 105.4925, "fair_value": 97.322532, "relative_strength": -15.397556, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.897819, "energy": 42.386158, "activity_lines": [ 113.181333, 105.089455, 100.195905, 102.791677 ] }, { "date": "2024-02-02", "close": 121.27, "volume": 4392615, "typical_volume": 7226304.25, "trend": 105.9015, "fair_value": 97.485865, "relative_strength": -14.092898, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.761973, "energy": 73.596359, "activity_lines": [ 117.275333, 109.196545, 101.998286, 103.809581 ] }, { "date": "2024-02-09", "close": 126.87, "volume": 3728456, "typical_volume": 7234068.45, "trend": 106.536, "fair_value": 97.715353, "relative_strength": -11.185465, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.705243, "energy": 77.805193, "activity_lines": [ 121.58, 113.623636, 104.320333, 105.162387 ] }, { "date": "2024-02-16", "close": 134.61, "volume": 6153897, "typical_volume": 7286871.65, "trend": 107.494, "fair_value": 98.030929, "relative_strength": -3.760863, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.226776, "energy": 82.957164, "activity_lines": [ 126.496, 118.686545, 107.346476, 106.973613 ] }, { "date": "2024-02-23", "close": 136.53, "volume": 3149110, "typical_volume": 7182637.3, "trend": 108.427333, "fair_value": 98.348045, "relative_strength": -3.133835, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.538872, "energy": 92.034027, "activity_lines": [ 130.864667, 123.233455, 110.491714, 108.846903 ] }, { "date": "2024-03-01", "close": 128.67, "volume": 6336092, "typical_volume": 7241841.7, "trend": 109.206, "fair_value": 98.629327, "relative_strength": -9.253421, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.899645, "energy": 71.971101, "activity_lines": [ 131.220667, 125.559636, 112.828429, 110.152882 ] }, { "date": "2024-03-08", "close": 124.37, "volume": 4960115, "typical_volume": 7285900.25, "trend": 109.751, "fair_value": 98.872276, "relative_strength": -9.775662, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.144541, "energy": 57.60927, "activity_lines": [ 129.480667, 126.483455, 114.704619, 111.131204 ] }, { "date": "2024-03-15", "close": 123.05, "volume": 4135088, "typical_volume": 7250031.1, "trend": 110.123, "fair_value": 99.131314, "relative_strength": -9.009851, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.091752, "energy": 49.12509, "activity_lines": [ 127.094, 126.659273, 116.392381, 111.989204 ] }, { "date": "2024-03-22", "close": 127.54, "volume": 2972194, "typical_volume": 5544427.25, "trend": 110.407667, "fair_value": 99.469519, "relative_strength": -7.669351, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.401614, "energy": 37.792545, "activity_lines": [ 126.458667, 127.184, 118.430524, 113.112882 ] }, { "date": "2024-03-29", "close": 129.46, "volume": 2330392, "typical_volume": 5201706.05, "trend": 110.639333, "fair_value": 99.810865, "relative_strength": -4.947661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.315084, "energy": 36.667884, "activity_lines": [ 126.934667, 127.862545, 120.415667, 114.342065 ] }, { "date": "2024-04-05", "close": 126.08, "volume": 3250356, "typical_volume": 5036555.55, "trend": 110.845, "fair_value": 100.166891, "relative_strength": -5.710301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.451846, "energy": 33.728419, "activity_lines": [ 126.755333, 127.675273, 121.840762, 115.338237 ] }, { "date": "2024-04-12", "close": 122.87, "volume": 2642963, "typical_volume": 4999053.85, "trend": 110.994, "fair_value": 100.494263, "relative_strength": -7.018515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.444003, "energy": 34.776673, "activity_lines": [ 125.678667, 126.770727, 122.755714, 116.114043 ] }, { "date": "2024-04-19", "close": 115.62, "volume": 3139440, "typical_volume": 4890827.6, "trend": 110.850333, "fair_value": 100.780673, "relative_strength": -6.759222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.72712, "energy": 20.943178, "activity_lines": [ 122.285333, 124.518909, 122.789714, 116.412495 ] }, { "date": "2024-04-26", "close": 128.77, "volume": 5888686, "typical_volume": 4895722.6, "trend": 111.102, "fair_value": 101.152019, "relative_strength": 0.451151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.199917, "energy": 23.586948, "activity_lines": [ 123.770667, 124.862545, 123.927619, 117.568602 ] }, { "date": "2024-05-03", "close": 133.66, "volume": 6744279, "typical_volume": 4795690.45, "trend": 111.426, "fair_value": 101.530801, "relative_strength": 3.874742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.224452, "energy": 33.454195, "activity_lines": [ 126.804, 126.201455, 125.332476, 119.023957 ] }, { "date": "2024-05-10", "close": 131.82, "volume": 6420525, "typical_volume": 4837094.65, "trend": 111.888, "fair_value": 101.888301, "relative_strength": 1.408846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.346962, "energy": 34.928345, "activity_lines": [ 128.944, 127.258, 126.368429, 120.339699 ] }, { "date": "2024-05-17", "close": 131.38, "volume": 4483597, "typical_volume": 4901513.1, "trend": 112.560667, "fair_value": 102.220353, "relative_strength": -0.085576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.673285, "energy": 43.672254, "activity_lines": [ 130.554667, 128.177273, 127.184952, 121.597247 ] }, { "date": "2024-05-24", "close": 123.46, "volume": 4133209, "typical_volume": 4906481.55, "trend": 113.115, "fair_value": 102.526827, "relative_strength": -6.781404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.83246, "energy": 35.881619, "activity_lines": [ 128.958, 127.529091, 127.080762, 122.30043 ] }, { "date": "2024-05-31", "close": 129.86, "volume": 26265154, "typical_volume": 5619910.1, "trend": 114.843333, "fair_value": 102.891506, "relative_strength": 0.072745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.067715, "energy": 31.84385, "activity_lines": [ 128.972, 128.037091, 127.461714, 123.380753 ] }, { "date": "2024-06-07", "close": 123.32, "volume": 7499264, "typical_volume": 5700417.3, "trend": 116.305667, "fair_value": 103.130737, "relative_strength": -6.88357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.96812, "energy": 16.167847, "activity_lines": [ 126.733333, 127.313818, 127.157619, 123.927634 ] }, { "date": "2024-06-14", "close": 122.84, "volume": 6182953, "typical_volume": 5740419.25, "trend": 117.628667, "fair_value": 103.409519, "relative_strength": -9.777771, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.564615, "energy": 10.66942, "activity_lines": [ 125.024, 126.614909, 126.771238, 124.349204 ] }, { "date": "2024-06-21", "close": 160.72, "volume": 20056654, "typical_volume": 6523621.2, "trend": 120.223667, "fair_value": 103.924391, "relative_strength": 17.654446, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.966479, "energy": 42.897099, "activity_lines": [ 136.54, 132.862182, 129.972905, 127.12929 ] }, { "date": "2024-06-28", "close": 158.0, "volume": 12301018, "typical_volume": 6952249.3, "trend": 122.675667, "fair_value": 104.454904, "relative_strength": 15.598021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.007779, "energy": 66.125386, "activity_lines": [ 145.193333, 137.926727, 132.727667, 129.566473 ] }, { "date": "2024-07-05", "close": 151.73, "volume": 4555593, "typical_volume": 6872334.1, "trend": 124.832333, "fair_value": 104.959263, "relative_strength": 7.151598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.191806, "energy": 70.118291, "activity_lines": [ 149.454, 141.080727, 134.737048, 131.440946 ] }, { "date": "2024-07-12", "close": 152.11, "volume": 7054113, "typical_volume": 7067584.25, "trend": 126.803, "fair_value": 105.504519, "relative_strength": 7.558876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.682437, "energy": 72.053446, "activity_lines": [ 152.383333, 143.886364, 136.701095, 133.200796 ] }, { "date": "2024-07-19", "close": 145.61, "volume": 5739442, "typical_volume": 7037751.75, "trend": 128.505333, "fair_value": 106.009776, "relative_strength": 7.041943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.379256, "energy": 60.516168, "activity_lines": [ 151.226667, 145.174727, 137.971905, 134.414151 ] }, { "date": "2024-07-26", "close": 144.24, "volume": 5336716, "typical_volume": 7056581.8, "trend": 130.099, "fair_value": 106.499904, "relative_strength": 8.650956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.957119, "energy": 37.717432, "activity_lines": [ 148.095333, 145.963273, 139.031571, 135.42929 ] }, { "date": "2024-08-02", "close": 143.94, "volume": 5844539, "typical_volume": 7142054.35, "trend": 131.652333, "fair_value": 106.911058, "relative_strength": 11.593243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.304334, "energy": 26.841664, "activity_lines": [ 145.962667, 146.463455, 139.968048, 136.322258 ] }, { "date": "2024-08-09", "close": 125.34, "volume": 10228990, "typical_volume": 7504894.15, "trend": 131.937, "fair_value": 107.202083, "relative_strength": -3.063759, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.085362, "energy": 13.745613, "activity_lines": [ 138.567333, 143.209455, 139.033619, 135.915011 ] }, { "date": "2024-08-16", "close": 133.46, "volume": 5698959, "typical_volume": 7673322.5, "trend": 132.531, "fair_value": 107.57484, "relative_strength": -1.912382, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.323808, "energy": 17.921254, "activity_lines": [ 135.638, 141.514, 138.883, 136.013269 ] }, { "date": "2024-08-23", "close": 140.56, "volume": 4240192, "typical_volume": 7722814.3, "trend": 133.258667, "fair_value": 107.971442, "relative_strength": 2.486145, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.573799, "energy": 17.583274, "activity_lines": [ 136.318667, 140.925091, 139.389524, 136.531269 ] }, { "date": "2024-08-30", "close": 135.78, "volume": 2816260, "typical_volume": 7731479.15, "trend": 133.742333, "fair_value": 108.325737, "relative_strength": 0.056408, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.265081, "energy": 14.838036, "activity_lines": [ 135.742667, 139.144909, 139.371857, 136.693935 ] }, { "date": "2024-09-06", "close": 128.92, "volume": 3172165, "typical_volume": 7733115.4, "trend": 133.810667, "fair_value": 108.636314, "relative_strength": 1.091412, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.658683, "energy": 15.537393, "activity_lines": [ 133.444, 136.570909, 138.639381, 136.382817 ] }, { "date": "2024-09-13", "close": 124.65, "volume": 4304699, "typical_volume": 7653916.05, "trend": 133.478667, "fair_value": 108.881635, "relative_strength": -7.365357, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.005766, "energy": 23.287981, "activity_lines": [ 130.723333, 133.749273, 137.436905, 135.791806 ] }, { "date": "2024-09-20", "close": 127.21, "volume": 3459156, "typical_volume": 7489659.9, "trend": 133.168, "fair_value": 109.116506, "relative_strength": -6.388494, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.96929, "energy": 42.608418, "activity_lines": [ 128.902, 131.885455, 136.497857, 135.387376 ] }, { "date": "2024-09-27", "close": 124.53, "volume": 3450285, "typical_volume": 7341147.9, "trend": 133.03, "fair_value": 109.299071, "relative_strength": -8.771599, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.568875, "energy": 52.200765, "activity_lines": [ 126.604, 129.987091, 135.334286, 134.830086 ] }, { "date": "2024-10-04", "close": 120.4, "volume": 4497142, "typical_volume": 7341825.15, "trend": 132.897667, "fair_value": 109.433558, "relative_strength": -11.322013, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.213733, "energy": 60.18334, "activity_lines": [ 123.998, 127.721091, 133.812095, 134.015247 ] }, { "date": "2024-10-11", "close": 124.51, "volume": 4744168, "typical_volume": 7372373.1, "trend": 132.946333, "fair_value": 109.692019, "relative_strength": -8.960309, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.734704, "energy": 51.92502, "activity_lines": [ 123.787333, 126.635818, 132.733619, 133.474108 ] }, { "date": "2024-10-18", "close": 127.08, "volume": 3608088, "typical_volume": 6239519.8, "trend": 132.931, "fair_value": 109.992276, "relative_strength": -6.910436, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.710528, "energy": 38.157589, "activity_lines": [ 124.727333, 126.371091, 131.894905, 133.095634 ] }, { "date": "2024-10-25", "close": 131.14, "volume": 3698235, "typical_volume": 6049468.35, "trend": 132.987, "fair_value": 110.325673, "relative_strength": -3.788024, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -43.133024, "energy": 27.754571, "activity_lines": [ 126.858667, 126.812909, 131.456095, 132.980086 ] }, { "date": "2024-11-01", "close": 123.29, "volume": 3399538, "typical_volume": 5910297.6, "trend": 132.894, "fair_value": 110.545929, "relative_strength": -8.335068, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.264094, "energy": 27.015119, "activity_lines": [ 126.111333, 125.869636, 130.232429, 132.354473 ] }, { "date": "2024-11-08", "close": 121.61, "volume": 7130996, "typical_volume": 5264014.7, "trend": 132.852, "fair_value": 110.780994, "relative_strength": -14.431142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.153037, "energy": 32.933027, "activity_lines": [ 124.886667, 124.934909, 128.846619, 131.626473 ] }, { "date": "2024-11-15", "close": 104.54, "volume": 6239805, "typical_volume": 4960954.05, "trend": 132.482667, "fair_value": 110.938237, "relative_strength": -23.805866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.429676, "energy": 66.402107, "activity_lines": [ 117.891333, 121.154182, 126.021333, 129.799892 ] }, { "date": "2024-11-22", "close": 114.23, "volume": 5311177, "typical_volume": 4998733.25, "trend": 131.998, "fair_value": 111.160096, "relative_strength": -18.327105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.726293, "energy": 70.746881, "activity_lines": [ 115.457333, 119.578545, 124.373476, 128.622301 ] }, { "date": "2024-11-29", "close": 133.34, "volume": 8466350, "typical_volume": 5069345.1, "trend": 131.987333, "fair_value": 111.511635, "relative_strength": -5.688157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.207316, "energy": 36.720117, "activity_lines": [ 120.25, 121.666909, 124.72419, 128.708882 ] }, { "date": "2024-12-06", "close": 128.17, "volume": 3927964, "typical_volume": 4978771.2, "trend": 131.865667, "fair_value": 111.785224, "relative_strength": -12.348989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.270969, "energy": 26.271282, "activity_lines": [ 123.172667, 122.703818, 124.671905, 128.462602 ] }, { "date": "2024-12-13", "close": 123.71, "volume": 3096641, "typical_volume": 4866767.45, "trend": 131.61, "fair_value": 112.014776, "relative_strength": -16.057641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.250106, "energy": 18.467147, "activity_lines": [ 124.283333, 122.863636, 124.277905, 127.93643 ] }, { "date": "2024-12-20", "close": 118.97, "volume": 5234629, "typical_volume": 4836271.95, "trend": 131.460333, "fair_value": 112.190481, "relative_strength": -17.407892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.39415, "energy": 22.500668, "activity_lines": [ 123.674, 122.101455, 123.530238, 127.120946 ] }, { "date": "2024-12-27", "close": 121.5, "volume": 1585444, "typical_volume": 4404094.65, "trend": 131.181667, "fair_value": 112.392083, "relative_strength": -16.389255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.446092, "energy": 16.136068, "activity_lines": [ 122.946, 121.9, 123.142429, 126.478344 ] }, { "date": "2025-01-03", "close": 126.29, "volume": 1814524, "typical_volume": 4209872.9, "trend": 131.280667, "fair_value": 112.653558, "relative_strength": -12.406209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.535659, "energy": 15.77927, "activity_lines": [ 123.33, 122.670909, 123.229095, 126.162753 ] }, { "date": "2025-01-10", "close": 124.79, "volume": 2730390, "typical_volume": 4134382.8, "trend": 131.345667, "fair_value": 112.997724, "relative_strength": -11.252203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.082031, "energy": 12.079231, "activity_lines": [ 123.684, 123.257273, 123.207048, 125.744 ] }, { "date": "2025-01-17", "close": 118.0, "volume": 4953715, "typical_volume": 4241255.55, "trend": 129.921667, "fair_value": 113.347276, "relative_strength": -18.137325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.403265, "energy": 22.648941, "activity_lines": [ 122.0, 122.581818, 122.613429, 124.882989 ] }, { "date": "2025-01-24", "close": 116.46, "volume": 3851110, "typical_volume": 4275202.8, "trend": 128.537, "fair_value": 113.647083, "relative_strength": -20.06478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.877848, "energy": 25.739296, "activity_lines": [ 120.183333, 121.692, 121.95781, 124.014495 ] }, { "date": "2025-01-31", "close": 113.72, "volume": 4478210, "typical_volume": 4283878.35, "trend": 127.27, "fair_value": 113.907404, "relative_strength": -20.47817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.307549, "energy": 40.267389, "activity_lines": [ 117.620667, 120.087273, 121.100571, 123.058559 ] }, { "date": "2025-02-07", "close": 111.82, "volume": 3778103, "typical_volume": 4299825.7, "trend": 125.927, "fair_value": 114.109904, "relative_strength": -21.469845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.061954, "energy": 54.445778, "activity_lines": [ 114.943333, 118.146364, 120.114429, 122.061785 ] }, { "date": "2025-02-14", "close": 107.95, "volume": 3241473, "typical_volume": 4289385.1, "trend": 124.671667, "fair_value": 114.323814, "relative_strength": -25.735915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.993774, "energy": 65.983271, "activity_lines": [ 111.940667, 115.893091, 118.833, 120.901978 ] }, { "date": "2025-02-21", "close": 106.28, "volume": 3566014, "typical_volume": 4242828.7, "trend": 123.406333, "fair_value": 114.517724, "relative_strength": -24.603861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.756978, "energy": 70.157061, "activity_lines": [ 109.504, 113.703818, 117.471476, 119.715419 ] }, { "date": "2025-02-28", "close": 106.75, "volume": 5758358, "typical_volume": 4293538.2, "trend": 122.166667, "fair_value": 114.693301, "relative_strength": -21.146436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.316283, "energy": 73.041666, "activity_lines": [ 108.005333, 111.916909, 116.221952, 118.640817 ] }, { "date": "2025-03-07", "close": 103.03, "volume": 6560403, "typical_volume": 4441153.95, "trend": 121.423, "fair_value": 114.854712, "relative_strength": -20.928689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.593104, "energy": 75.757501, "activity_lines": [ 105.914, 109.675818, 114.702714, 117.406194 ] }, { "date": "2025-03-14", "close": 97.19, "volume": 5003219, "typical_volume": 4506403.15, "trend": 120.214, "fair_value": 114.958237, "relative_strength": -23.062916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.516956, "energy": 81.957525, "activity_lines": [ 102.588667, 106.708727, 112.74181, 115.842774 ] }, { "date": "2025-03-21", "close": 74.1, "volume": 25561972, "typical_volume": 5614524.85, "trend": 117.998667, "fair_value": 114.937917, "relative_strength": -40.911703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.880306, "energy": 94.768831, "activity_lines": [ 92.542, 100.072545, 108.743524, 112.867677 ] }, { "date": "2025-03-28", "close": 70.41, "volume": 6917234, "typical_volume": 5603836.75, "trend": 115.819667, "fair_value": 114.860032, "relative_strength": -41.900677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.659415, "energy": 96.860786, "activity_lines": [ 83.522, 93.687091, 104.628048, 109.797441 ] }, { "date": "2025-04-04", "close": 54.43, "volume": 20326859, "typical_volume": 6308189.45, "trend": 113.336667, "fair_value": 114.645224, "relative_strength": -49.572594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.217765, "energy": 98.387048, "activity_lines": [ 71.566667, 85.261455, 99.234476, 105.836817 ] }, { "date": "2025-04-11", "close": 51.03, "volume": 18918467, "typical_volume": 6988553.95, "trend": 110.882667, "fair_value": 114.450224, "relative_strength": -55.454431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.782059, "energy": 96.654646, "activity_lines": [ 61.966, 77.345455, 93.755714, 101.817032 ] }, { "date": "2025-04-18", "close": 53.79, "volume": 7878790, "typical_volume": 6959175.95, "trend": 108.435333, "fair_value": 114.305288, "relative_strength": -51.364722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.208262, "energy": 91.919376, "activity_lines": [ 56.752, 71.071091, 88.840762, 98.133634 ] }, { "date": "2025-04-25", "close": 60.44, "volume": 8781817, "typical_volume": 7201868.6, "trend": 106.299, "fair_value": 114.229135, "relative_strength": -47.949092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.532594, "energy": 88.341727, "activity_lines": [ 56.648, 67.060909, 84.937952, 95.037161 ] }, { "date": "2025-05-02", "close": 63.51, "volume": 7485282, "typical_volume": 7421300.65, "trend": 104.402667, "fair_value": 114.186506, "relative_strength": -46.374959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.869216, "energy": 68.6526, "activity_lines": [ 58.478, 64.472727, 81.650048, 92.276581 ] }, { "date": "2025-05-09", "close": 36.27, "volume": 54476877, "typical_volume": 9883413.05, "trend": 101.461333, "fair_value": 113.996122, "relative_strength": -68.761665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.543749, "energy": 74.94229, "activity_lines": [ 51.688, 57.709455, 76.054524, 87.880925 ] }, { "date": "2025-05-16", "close": 36.43, "volume": 27216215, "typical_volume": 11164951.6, "trend": 98.439667, "fair_value": 113.773686, "relative_strength": -70.103581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.76622, "energy": 73.006612, "activity_lines": [ 46.162, 52.256727, 70.868048, 83.685355 ] }, { "date": "2025-05-23", "close": 37.9, "volume": 22809730, "typical_volume": 12214711.9, "trend": 95.331667, "fair_value": 113.538109, "relative_strength": -67.623374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.616579, "energy": 70.238744, "activity_lines": [ 42.099333, 48.282182, 66.226667, 79.77957 ] }, { "date": "2025-05-30", "close": 37.6, "volume": 13096316, "typical_volume": 12733008.2, "trend": 92.475333, "fair_value": 113.311314, "relative_strength": -67.906557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.1235, "energy": 70.955523, "activity_lines": [ 38.996, 45.331091, 61.977619, 76.054946 ] }, { "date": "2025-06-06", "close": 43.01, "volume": 14475633, "typical_volume": 13209104.1, "trend": 89.855333, "fair_value": 113.14375, "relative_strength": -63.455978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.469582, "energy": 66.617485, "activity_lines": [ 39.218667, 44.027273, 58.659, 72.863634 ] }, { "date": "2025-06-13", "close": 36.18, "volume": 17791494, "typical_volume": 13906123.3, "trend": 87.576667, "fair_value": 112.946378, "relative_strength": -68.5715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.349128, "energy": 67.25688, "activity_lines": [ 38.531333, 41.979818, 55.047, 69.40071 ] }, { "date": "2025-06-20", "close": 20.08, "volume": 78868699, "typical_volume": 17625647.75, "trend": 84.438333, "fair_value": 112.592917, "relative_strength": -82.081755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.854532, "energy": 74.818181, "activity_lines": [ 32.483333, 37.336909, 50.283952, 65.046086 ] }, { "date": "2025-06-27", "close": 17.11, "volume": 35755496, "typical_volume": 19224517.4, "trend": 80.564, "fair_value": 112.217276, "relative_strength": -84.931776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.010584, "energy": 79.874596, "activity_lines": [ 26.535333, 32.716727, 45.683952, 60.702323 ] }, { "date": "2025-07-04", "close": 18.24, "volume": 17918566, "typical_volume": 19958372.05, "trend": 76.899667, "fair_value": 111.818365, "relative_strength": -83.757208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.727243, "energy": 91.610595, "activity_lines": [ 22.35, 28.968909, 41.642571, 56.681419 ] }, { "date": "2025-07-11", "close": 18.17, "volume": 20162238, "typical_volume": 20788183.25, "trend": 73.381667, "fair_value": 111.399006, "relative_strength": -83.321563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.410004, "energy": 89.987059, "activity_lines": [ 19.432, 25.975636, 38.021714, 52.892409 ] }, { "date": "2025-07-18", "close": 14.075, "volume": 120069767, "typical_volume": 26503753.7, "trend": 69.885167, "fair_value": 110.950833, "relative_strength": -86.879647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.607129, "energy": 88.751904, "activity_lines": [ 16.805, 23.062182, 34.430429, 49.066172 ] }, { "date": "2025-07-25", "close": 11.93, "volume": 117996914, "typical_volume": 32075579.25, "trend": 66.232833, "fair_value": 110.431474, "relative_strength": -88.645655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.720958, "energy": 83.321719, "activity_lines": [ 14.936667, 20.162273, 31.076167, 45.327129 ] }, { "date": "2025-08-01", "close": 15.91, "volume": 156101184, "typical_volume": 39630477.5, "trend": 62.5535, "fair_value": 109.853846, "relative_strength": -84.029819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.874934, "energy": 67.245803, "activity_lines": [ 14.938333, 18.431455, 28.534762, 42.080495 ] }, { "date": "2025-08-08", "close": 18.23, "volume": 67138010, "typical_volume": 41709279.4, "trend": 59.0015, "fair_value": 109.271987, "relative_strength": -81.878666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.72985, "energy": 67.15623, "activity_lines": [ 15.793333, 17.522273, 26.601357, 39.220914 ] }, { "date": "2025-08-15", "close": 21.81, "volume": 46791568, "typical_volume": 43702996.1, "trend": 55.795167, "fair_value": 108.720385, "relative_strength": -77.828803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.217864, "energy": 60.810898, "activity_lines": [ 17.842333, 17.616182, 25.274952, 36.821462 ] }, { "date": "2025-08-22", "close": 20.22, "volume": 44522407, "typical_volume": 44912773.5, "trend": 52.587167, "fair_value": 108.132756, "relative_strength": -78.627098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.76128, "energy": 55.409976, "activity_lines": [ 19.118667, 17.806455, 24.028548, 34.52629 ] }, { "date": "2025-08-29", "close": 18.2, "volume": 55883872, "typical_volume": 46761043.75, "trend": 49.403167, "fair_value": 107.548269, "relative_strength": -80.120462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.463352, "energy": 50.746164, "activity_lines": [ 19.312, 17.919636, 22.752667, 32.307763 ] }, { "date": "2025-09-05", "close": 18.71, "volume": 24519209, "typical_volume": 47593064.7, "trend": 46.2995, "fair_value": 106.908974, "relative_strength": -79.12271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.202424, "energy": 48.679109, "activity_lines": [ 19.257333, 18.159727, 21.68169, 30.327559 ] }, { "date": "2025-09-12", "close": 17.39, "volume": 27327707, "typical_volume": 48520359.2, "trend": 43.280833, "fair_value": 106.302564, "relative_strength": -80.378527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.431196, "energy": 52.516293, "activity_lines": [ 18.576, 18.130727, 20.652048, 28.46243 ] }, { "date": "2025-09-19", "close": 17.43, "volume": 31856514, "typical_volume": 49738920.8, "trend": 40.319167, "fair_value": 105.720769, "relative_strength": -80.153387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.856221, "energy": 62.232489, "activity_lines": [ 17.964, 18.124455, 19.831214, 26.794634 ] }, { "date": "2025-09-26", "close": 18.36, "volume": 28155500, "typical_volume": 48422851.95, "trend": 37.372833, "fair_value": 105.129872, "relative_strength": -78.357782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.257252, "energy": 57.739391, "activity_lines": [ 17.954, 18.300727, 19.318381, 25.377914 ] }, { "date": "2025-10-03", "close": 22.64, "volume": 40613503, "typical_volume": 49092716.35, "trend": 34.693167, "fair_value": 104.561282, "relative_strength": -72.858517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.302536, "energy": 40.322426, "activity_lines": [ 19.494667, 19.177273, 19.298452, 24.427409 ] }, { "date": "2025-10-10", "close": 22.11, "volume": 31404749, "typical_volume": 49522467.3, "trend": 32.1905, "fair_value": 103.982179, "relative_strength": -72.038088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.641694, "energy": 24.633277, "activity_lines": [ 20.562667, 19.762727, 19.293714, 23.615591 ] }, { "date": "2025-10-17", "close": 22.51, "volume": 21783431, "typical_volume": 49956823.05, "trend": 30.470833, "fair_value": 103.404038, "relative_strength": -71.302737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.499158, "energy": 19.84684, "activity_lines": [ 21.537333, 20.308182, 19.402262, 22.991043 ] }, { "date": "2025-10-24", "close": 22.81, "volume": 18804743, "typical_volume": 50173278.55, "trend": 28.884167, "fair_value": 102.811282, "relative_strength": -70.541142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.483785, "energy": 20.097901, "activity_lines": [ 22.270667, 20.830364, 19.611238, 22.496796 ] }, { "date": "2025-10-31", "close": 24.01, "volume": 19131926, "typical_volume": 50240300.15, "trend": 27.870167, "fair_value": 102.300897, "relative_strength": -68.539301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.905333, "energy": 22.053392, "activity_lines": [ 23.045333, 21.552545, 20.03069, 22.182333 ] }, { "date": "2025-11-07", "close": 17.63, "volume": 61386343, "typical_volume": 49366182.35, "trend": 26.756833, "fair_value": 101.728654, "relative_strength": -75.350626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.794577, "energy": 15.750977, "activity_lines": [ 21.316667, 21.045818, 19.900476, 21.521677 ] }, { "date": "2025-11-14", "close": 18.81, "volume": 23410163, "typical_volume": 48748915.7, "trend": 25.590833, "fair_value": 101.131282, "relative_strength": -72.858508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.236123, "energy": 21.529845, "activity_lines": [ 20.315333, 20.764, 19.89431, 21.008978 ] }, { "date": "2025-11-21", "close": 17.69, "volume": 21147369, "typical_volume": 48910355.85, "trend": 24.165833, "fair_value": 100.510256, "relative_strength": -72.754635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.681967, "energy": 32.832116, "activity_lines": [ 19.160667, 20.276727, 19.773381, 20.499247 ] }, { "date": "2025-11-28", "close": 21.34, "volume": 12307342, "typical_volume": 48517611.05, "trend": 22.760167, "fair_value": 99.837756, "relative_strength": -67.378993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.849497, "energy": 26.101385, "activity_lines": [ 19.544, 20.447636, 20.00269, 20.316935 ] }, { "date": "2025-12-05", "close": 22.26, "volume": 16389478, "typical_volume": 43333596.6, "trend": 22.293167, "fair_value": 99.221731, "relative_strength": -64.978131, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.266513, "energy": 8.898592, "activity_lines": [ 20.332, 20.714727, 20.304524, 20.284667 ] }, { "date": "2025-12-12", "close": 21.53, "volume": 15854899, "typical_volume": 38226495.85, "trend": 21.7965, "fair_value": 98.567692, "relative_strength": -64.118358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.739875, "energy": 3.811892, "activity_lines": [ 20.993333, 20.778182, 20.497857, 20.23543 ] }, { "date": "2025-12-19", "close": 21.04, "volume": 18305065, "typical_volume": 31336689.9, "trend": 21.2345, "fair_value": 97.869551, "relative_strength": -63.728166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.261939, "energy": 9.851212, "activity_lines": [ 21.231333, 20.772727, 20.59881, 20.186624 ] }, { "date": "2025-12-26", "close": 22.12, "volume": 7746114, "typical_volume": 28367095.1, "trend": 20.7185, "fair_value": 97.180705, "relative_strength": -60.742856, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.955926, "energy": 25.392547, "activity_lines": [ 21.680667, 20.983091, 20.77819, 20.243753 ] }, { "date": "2026-01-02", "close": 21.31, "volume": 8498977, "typical_volume": 26452465.55, "trend": 19.995167, "fair_value": 96.533526, "relative_strength": -59.714726, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.082316, "energy": 36.893867, "activity_lines": [ 21.564667, 21.053273, 20.861905, 20.281914 ] }, { "date": "2026-01-09", "close": 23.83, "volume": 15165172, "typical_volume": 24984603.8, "trend": 19.5835, "fair_value": 95.874103, "relative_strength": -53.767134, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.607291, "energy": 47.268968, "activity_lines": [ 22.290667, 21.608909, 21.188, 20.529323 ] }, { "date": "2026-01-16", "close": 21.13, "volume": 18304479, "typical_volume": 23105634.15, "trend": 19.6185, "fair_value": 95.174808, "relative_strength": -56.692652, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.213994, "energy": 33.109863, "activity_lines": [ 22.012, 21.676909, 21.239762, 20.629097 ] }, { "date": "2026-01-23", "close": 21.13, "volume": 11025162, "typical_volume": 22430931.8, "trend": 19.7525, "fair_value": 94.5225, "relative_strength": -54.720141, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.75484, "energy": 22.82452, "activity_lines": [ 21.76, 21.681273, 21.277571, 20.726613 ] }, { "date": "2026-01-30", "close": 20.34, "volume": 17111386, "typical_volume": 21920115.75, "trend": 19.8225, "fair_value": 93.890064, "relative_strength": -54.164265, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.321778, "energy": 14.069173, "activity_lines": [ 21.238667, 21.499818, 21.228619, 20.764516 ] }, { "date": "2026-02-06", "close": 18.5, "volume": 15331866, "typical_volume": 21093883.35, "trend": 19.8335, "fair_value": 93.236538, "relative_strength": -55.249163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": -1.440145, "energy": 9.774316, "activity_lines": [ 20.222667, 20.935636, 20.990381, 20.679194 ] }, { "date": "2026-02-13", "close": 17.79, "volume": 8595829, "typical_volume": 20115899.8, "trend": 19.957333, "fair_value": 92.552051, "relative_strength": -54.178245, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.068196, "energy": 29.681374, "activity_lines": [ 19.157333, 20.294, 20.679429, 20.547355 ] }, { "date": "2026-02-20", "close": 18.88, "volume": 6357370, "typical_volume": 18403093.15, "trend": 20.189, "fair_value": 91.884231, "relative_strength": -49.321864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.397641, "energy": 38.927704, "activity_lines": [ 18.858, 19.931818, 20.475, 20.477849 ] }, { "date": "2026-02-27", "close": 16.76, "volume": 14855934, "typical_volume": 17575652.4, "trend": 20.217333, "fair_value": 90.994167, "relative_strength": -52.139462, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.291435, "energy": 56.739927, "activity_lines": [ 18.002, 19.232364, 20.086571, 20.256624 ] }, { "date": "2026-03-06", "close": 16.71, "volume": 12154648, "typical_volume": 17094213.25, "trend": 20.166667, "fair_value": 90.178718, "relative_strength": -48.547503, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.402779, "energy": 69.450712, "activity_lines": [ 17.420667, 18.601636, 19.718857, 20.030344 ] }, { "date": "2026-03-13", "close": 16.4, "volume": 13315480, "typical_volume": 16819750.1, "trend": 19.986333, "fair_value": 89.497372, "relative_strength": -45.587859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.516501, "energy": 67.716699, "activity_lines": [ 16.978, 18.012909, 19.349238, 19.787333 ] }, { "date": "2026-03-20", "close": 16.69, "volume": 10762628, "typical_volume": 16401285.2, "trend": 19.868667, "fair_value": 88.769808, "relative_strength": -40.680449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.674767, "energy": 67.99808, "activity_lines": [ 16.772, 17.566182, 19.037762, 19.574667 ] }, { "date": "2026-03-27", "close": 19.97, "volume": 34396326, "typical_volume": 15051784.35, "trend": 19.927667, "fair_value": 88.014295, "relative_strength": -23.132683, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.528897, "energy": 32.171281, "activity_lines": [ 17.732667, 17.845636, 19.073524, 19.581204 ] }, { "date": "2026-04-03", "close": 23.23, "volume": 10454909, "typical_volume": 14404021.65, "trend": 20.078333, "fair_value": 87.249423, "relative_strength": -10.672219, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.489275, "energy": 10.610202, "activity_lines": [ 19.707333, 18.738909, 19.408619, 19.794258 ] }, { "date": "2026-04-10", "close": 21.18, "volume": 10737688, "typical_volume": 13883537.6, "trend": 20.204667, "fair_value": 86.599103, "relative_strength": -19.303383, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.184097, "energy": 17.397354, "activity_lines": [ 20.567333, 19.221273, 19.527429, 19.865333 ] }, { "date": "2026-04-17", "close": 21.55, "volume": 11441517, "typical_volume": 13840246.35, "trend": 20.342, "fair_value": 85.916859, "relative_strength": -19.484383, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.085263, "energy": 28.79578, "activity_lines": [ 21.252667, 19.755636, 19.664857, 19.952129 ] }, { "date": "2026-04-24", "close": 20.3, "volume": 15498212, "typical_volume": 13795683.05, "trend": 20.406667, "fair_value": 85.26, "relative_strength": -22.240986, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.253945, "energy": 25.850351, "activity_lines": [ 21.178, 20.007273, 19.682238, 19.949419 ] }, { "date": "2026-05-01", "close": 21.49, "volume": 11014851, "typical_volume": 13553680.65, "trend": 20.368333, "fair_value": 84.558013, "relative_strength": -14.833173, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.148787, "energy": 31.020678, "activity_lines": [ 21.259333, 20.429636, 19.822286, 20.019312 ] }, { "date": "2026-05-08", "close": 19.955, "volume": 18793955, "typical_volume": 13578125.15, "trend": 20.2965, "fair_value": 83.915417, "relative_strength": -23.202941, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.05921, "energy": 13.433471, "activity_lines": [ 20.727667, 20.525455, 19.816333, 19.992645 ] }, { "date": "2026-05-15", "close": 17.55, "volume": 17174045, "typical_volume": 14049521.7, "trend": 20.131167, "fair_value": 83.072147, "relative_strength": -30.58212, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.825941, "energy": 20.666482, "activity_lines": [ 19.612667, 20.125909, 19.5865, 19.815452 ] }, { "date": "2026-05-22", "close": 16.8, "volume": 12412132, "typical_volume": 14245179.45, "trend": 19.930833, "fair_value": 82.366891, "relative_strength": -32.47867, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.170564, "energy": 31.339997, "activity_lines": [ 18.489667, 19.574727, 19.307, 19.600538 ] }, { "date": "2026-05-29", "close": 17.87, "volume": 11870639, "typical_volume": 14080452.8, "trend": 19.726167, "fair_value": 81.679135, "relative_strength": -28.269475, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.059989, "energy": 34.773783, "activity_lines": [ 18.04, 19.210818, 19.150881, 19.467581 ] }, { "date": "2026-06-05", "close": 15.75, "volume": 16330198, "typical_volume": 13981738.75, "trend": 19.6635, "fair_value": 80.961699, "relative_strength": -31.489195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.584989, "energy": 63.61409, "activity_lines": [ 17.045667, 18.44, 18.821238, 19.211054 ] }, { "date": "2026-06-12", "close": 15.31, "volume": 12225100, "typical_volume": 14041735.65, "trend": 19.546833, "fair_value": 80.223686, "relative_strength": -33.022385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.817962, "energy": 70.136205, "activity_lines": [ 16.287333, 17.665909, 18.47531, 18.930183 ] }, { "date": "2026-06-19", "close": 17.53, "volume": 14630701, "typical_volume": 13917701.4, "trend": 19.5415, "fair_value": 79.604712, "relative_strength": -24.639736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.319296, "energy": 55.483707, "activity_lines": [ 16.578667, 17.439455, 18.368524, 18.800065 ] }, { "date": "2026-06-26", "close": 16.85, "volume": 30042084, "typical_volume": 14653212.3, "trend": 19.391833, "fair_value": 78.978622, "relative_strength": -23.801724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.842221, "energy": 52.731954, "activity_lines": [ 16.644667, 17.155727, 18.210357, 18.626419 ] }, { "date": "2026-07-03", "close": 19.28, "volume": 15802148, "typical_volume": 15013528.25, "trend": 19.2925, "fair_value": 78.403494, "relative_strength": -13.244538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.534535, "energy": 21.340429, "activity_lines": [ 17.517333, 17.399273, 18.291476, 18.619204 ] }, { "date": "2026-07-10", "close": 18.95, "volume": 14631835, "typical_volume": 15427251.5, "trend": 19.2065, "fair_value": 77.833718, "relative_strength": -15.89479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.53386, "energy": 17.138044, "activity_lines": [ 18.186, 17.601364, 18.334071, 18.597108 ] }, { "date": "2026-07-17", "close": 17.22, "volume": 17508653, "typical_volume": 15559887.45, "trend": 19.079167, "fair_value": 77.265449, "relative_strength": -20.235781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.519449, "energy": 18.28198, "activity_lines": [ 18.064667, 17.535091, 18.211571, 18.468946 ] }, { "date": "2026-07-24", "close": 15.68, "volume": 12954770, "typical_volume": 15599893.55, "trend": 18.8645, "fair_value": 76.670256, "relative_strength": -26.271947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.73535, "energy": 20.859209, "activity_lines": [ 17.302667, 17.238545, 17.940214, 18.249645 ] }, { "date": "2026-07-31", "close": 14.86, "volume": 16722809, "typical_volume": 15770260.0, "trend": 18.6495, "fair_value": 76.090449, "relative_strength": -30.197185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.297015, "energy": 44.497064, "activity_lines": [ 16.390667, 16.826909, 17.595667, 17.99129 ] }, { "date": "2026-08-07", "close": 16.78, "volume": 18093187, "typical_volume": 16136787.95, "trend": 18.4145, "fair_value": 75.505577, "relative_strength": -24.593339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.583635, "energy": 48.382505, "activity_lines": [ 16.251333, 16.799636, 17.44131, 17.870677 ] } ], "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." } } }