{
  "ticker": {
    "uuid": "90cb402e-889f-4745-90f5-9ae3daaf6444",
    "symbol": "MFT",
    "name": "Mainfreight Limited",
    "exchange": "NZE",
    "country": "NZ",
    "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": "^NZ50",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 94.992,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 51.797,
    "architecture_energy": 67.436,
    "architecture_maturity": 12.8,
    "architecture_confidence": 72.344,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 9.31,
        "rotation_up": 76.59,
        "upward_expansion": 66.35,
        "deceleration": 18.09,
        "rotation_down": 16.88,
        "downward_expansion": 22.35
      },
      "activity_lines": [
        66.956,
        64.886678,
        62.966247,
        62.357605
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 69.330002,
    "trend_reference": 62.459215,
    "distance_from_trend": 0.110004,
    "trend_direction": "Weakening",
    "fair_value": 64.587646,
    "distance_from_fair_value": 0.073425,
    "fair_value_direction": "Improving",
    "relative_strength": 6.62493,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.083281,
    "excess_performance": 0.055008,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.110004,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.014576,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.073425,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.168211,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.066249,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.141522,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.083281,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.56997,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 308972,
      "relative_activity": 1.126754,
      "balance": 1.56997,
      "dry_up": 1.39231,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.054781,
      "annualized_volatility": 0.301262,
      "from_high_reference": -0.016037,
      "from_low_reference": 0.305404
    },
    "levels": {
      "trend_reference": 62.459215,
      "fair_value_reference": 64.587646,
      "structural_low": 53.110001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.021905,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.01802,
        "regime_survival": 0.375,
        "best_return": 0.056772,
        "worst_return": -0.084967,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.057556,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.047393,
        "regime_survival": 0.0,
        "best_return": 0.019818,
        "worst_return": -0.067974,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.042177,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.040379,
        "regime_survival": 0.4,
        "best_return": 0.037743,
        "worst_return": -0.077175,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.006739,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.073735,
        "regime_survival": 0.0,
        "best_return": 0.084007,
        "worst_return": -0.116097,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.024623,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-27",
        "end": "2025-07-04",
        "tenure": "New",
        "return": -0.008461,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-11",
        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.061553,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.105018,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-22",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.048116,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.030645,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-31",
        "end": "2025-11-21",
        "tenure": "New",
        "return": 0.118174,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-28",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.04018,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-02",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.067327,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-13",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.024194,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-13",
        "end": "2026-04-10",
        "tenure": "Developing",
        "return": -0.008264,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-17",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": 0.038141,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-07-24",
        "tenure": "New",
        "return": 0.014895,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.001879,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 61.971951,
        "volume": 211998,
        "typical_volume": 239696.7,
        "trend": 65.582888,
        "fair_value": 66.498048,
        "relative_strength": -4.183216,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -66.186587,
        "energy": 61.136944,
        "activity_lines": [
          63.014003,
          64.447729,
          64.9214,
          65.087882
        ]
      },
      {
        "date": "2023-08-25",
        "close": 61.700832,
        "volume": 147180,
        "typical_volume": 239952.7,
        "trend": 65.42228,
        "fair_value": 66.617798,
        "relative_strength": -3.196861,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.110437,
        "energy": 70.784474,
        "activity_lines": [
          62.353991,
          63.776699,
          64.595733,
          64.837427
        ]
      },
      {
        "date": "2023-09-01",
        "close": 62.317856,
        "volume": 449825,
        "typical_volume": 254924.05,
        "trend": 65.218202,
        "fair_value": 66.749685,
        "relative_strength": -2.60351,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.805479,
        "energy": 67.652959,
        "activity_lines": [
          62.215636,
          63.311841,
          64.33726,
          64.637142
        ]
      },
      {
        "date": "2023-09-08",
        "close": 62.607647,
        "volume": 119081,
        "typical_volume": 243751.6,
        "trend": 64.996074,
        "fair_value": 66.882577,
        "relative_strength": -0.494305,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.549287,
        "energy": 60.475181,
        "activity_lines": [
          62.256768,
          62.992515,
          64.123886,
          64.468719
        ]
      },
      {
        "date": "2023-09-15",
        "close": 60.205063,
        "volume": 728992,
        "typical_volume": 272774.5,
        "trend": 64.64768,
        "fair_value": 67.007738,
        "relative_strength": -4.208149,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.958953,
        "energy": 68.717318,
        "activity_lines": [
          61.585539,
          62.307137,
          63.700231,
          64.159621
        ]
      },
      {
        "date": "2023-09-22",
        "close": 61.326889,
        "volume": 335863,
        "typical_volume": 281779.4,
        "trend": 64.463215,
        "fair_value": 67.135261,
        "relative_strength": -2.571345,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.669987,
        "energy": 53.698343,
        "activity_lines": [
          61.440945,
          61.956648,
          63.412077,
          63.945377
        ]
      },
      {
        "date": "2023-09-29",
        "close": 60.934242,
        "volume": 252835,
        "typical_volume": 281100.35,
        "trend": 64.268434,
        "fair_value": 67.264527,
        "relative_strength": -2.486749,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.42863,
        "energy": 54.328908,
        "activity_lines": [
          61.208474,
          61.643554,
          63.106766,
          63.717701
        ]
      },
      {
        "date": "2023-10-06",
        "close": 58.999088,
        "volume": 124156,
        "typical_volume": 279757.4,
        "trend": 64.06518,
        "fair_value": 67.372867,
        "relative_strength": -5.394357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.892163,
        "energy": 74.785906,
        "activity_lines": [
          60.382057,
          61.078728,
          62.634864,
          63.377743
        ]
      },
      {
        "date": "2023-10-13",
        "close": 60.205063,
        "volume": 195526,
        "typical_volume": 279379.9,
        "trend": 63.939994,
        "fair_value": 67.452578,
        "relative_strength": -3.197907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.560884,
        "energy": 58.587874,
        "activity_lines": [
          60.178882,
          60.816118,
          62.31222,
          63.128704
        ]
      },
      {
        "date": "2023-10-20",
        "close": 57.13871,
        "volume": 244603,
        "typical_volume": 279639.3,
        "trend": 63.750156,
        "fair_value": 67.508088,
        "relative_strength": -5.674823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.791633,
        "energy": 78.815875,
        "activity_lines": [
          59.113763,
          60.063809,
          61.709928,
          62.689911
        ]
      },
      {
        "date": "2023-10-27",
        "close": 53.296432,
        "volume": 374691,
        "typical_volume": 285495.7,
        "trend": 63.371284,
        "fair_value": 67.543228,
        "relative_strength": -9.764666,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -93.931546,
        "energy": 95.687918,
        "activity_lines": [
          56.972307,
          58.710299,
          60.766713,
          62.015477
        ]
      },
      {
        "date": "2023-11-03",
        "close": 57.026531,
        "volume": 232735,
        "typical_volume": 271603.95,
        "trend": 63.156464,
        "fair_value": 67.603132,
        "relative_strength": -6.232306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.042257,
        "energy": 78.483328,
        "activity_lines": [
          56.609582,
          58.192726,
          60.232827,
          61.606138
        ]
      },
      {
        "date": "2023-11-10",
        "close": 59.03648,
        "volume": 356287,
        "typical_volume": 279711.2,
        "trend": 62.924593,
        "fair_value": 67.640696,
        "relative_strength": -2.902339,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.721769,
        "energy": 56.127273,
        "activity_lines": [
          57.177354,
          58.125586,
          59.937238,
          61.340333
        ]
      },
      {
        "date": "2023-11-17",
        "close": 60.812717,
        "volume": 304661,
        "typical_volume": 283511.25,
        "trend": 62.734997,
        "fair_value": 67.698168,
        "relative_strength": -0.256335,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.957456,
        "energy": 40.468094,
        "activity_lines": [
          58.334711,
          58.441059,
          59.850756,
          61.204083
        ]
      },
      {
        "date": "2023-11-24",
        "close": 62.542217,
        "volume": 270392,
        "typical_volume": 287426.85,
        "trend": 62.612287,
        "fair_value": 67.755364,
        "relative_strength": 2.316472,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.725392,
        "energy": 17.79946,
        "activity_lines": [
          60.028059,
          59.103622,
          59.956073,
          61.191645
        ]
      },
      {
        "date": "2023-12-01",
        "close": 63.103127,
        "volume": 213882,
        "typical_volume": 290540.05,
        "trend": 62.529825,
        "fair_value": 67.807634,
        "relative_strength": 1.808436,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.446585,
        "energy": 20.442236,
        "activity_lines": [
          61.548143,
          59.825675,
          60.137971,
          61.223313
        ]
      },
      {
        "date": "2023-12-08",
        "close": 64.82515,
        "volume": 205111,
        "typical_volume": 289827.1,
        "trend": 62.535551,
        "fair_value": 67.869234,
        "relative_strength": 3.367862,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 29.175232,
        "energy": 33.300988,
        "activity_lines": [
          62.988455,
          60.828527,
          60.503903,
          61.371398
        ]
      },
      {
        "date": "2023-12-15",
        "close": 63.509716,
        "volume": 400951,
        "typical_volume": 284157.3,
        "trend": 62.445091,
        "fair_value": 67.918634,
        "relative_strength": 0.834945,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 20.409963,
        "energy": 30.889492,
        "activity_lines": [
          63.470381,
          61.521466,
          60.752248,
          61.434247
        ]
      },
      {
        "date": "2023-12-22",
        "close": 65.298325,
        "volume": 228325,
        "typical_volume": 279980.9,
        "trend": 62.528164,
        "fair_value": 67.960832,
        "relative_strength": 2.855649,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.352221,
        "energy": 43.439435,
        "activity_lines": [
          64.250294,
          62.457596,
          61.171182,
          61.618327
        ]
      },
      {
        "date": "2023-12-29",
        "close": 65.58223,
        "volume": 33185,
        "typical_volume": 271513.95,
        "trend": 62.634555,
        "fair_value": 67.984469,
        "relative_strength": 2.059135,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.308119,
        "energy": 50.107102,
        "activity_lines": [
          64.825802,
          63.352739,
          61.610664,
          61.815363
        ]
      },
      {
        "date": "2024-01-05",
        "close": 66.102722,
        "volume": 34313,
        "typical_volume": 262629.7,
        "trend": 62.682867,
        "fair_value": 68.015895,
        "relative_strength": 2.921778,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.632157,
        "energy": 49.019873,
        "activity_lines": [
          65.372139,
          64.188999,
          62.085017,
          62.039116
        ]
      },
      {
        "date": "2024-01-12",
        "close": 67.115318,
        "volume": 146956,
        "typical_volume": 262618.5,
        "trend": 62.691043,
        "fair_value": 68.07562,
        "relative_strength": 3.442508,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 43.947357,
        "energy": 53.831439,
        "activity_lines": [
          66.056036,
          64.976526,
          62.636138,
          62.325081
        ]
      },
      {
        "date": "2024-01-19",
        "close": 67.522247,
        "volume": 185709,
        "typical_volume": 249412.7,
        "trend": 62.69431,
        "fair_value": 68.116831,
        "relative_strength": 5.668396,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 43.352017,
        "energy": 57.650586,
        "activity_lines": [
          66.722897,
          65.654607,
          63.20023,
          62.636771
        ]
      },
      {
        "date": "2024-01-26",
        "close": 66.623215,
        "volume": 184103,
        "typical_volume": 252663.8,
        "trend": 62.698397,
        "fair_value": 68.158559,
        "relative_strength": 2.396725,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 62.749723,
        "energy": 62.776239,
        "activity_lines": [
          66.822579,
          66.014941,
          63.653918,
          62.890249
        ]
      },
      {
        "date": "2024-02-02",
        "close": 66.727318,
        "volume": 137256,
        "typical_volume": 223077.0,
        "trend": 62.675783,
        "fair_value": 68.202096,
        "relative_strength": 2.080278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.337604,
        "energy": 62.537087,
        "activity_lines": [
          66.868637,
          66.288558,
          64.098398,
          63.150179
        ]
      },
      {
        "date": "2024-02-09",
        "close": 66.310921,
        "volume": 281367,
        "typical_volume": 220352.2,
        "trend": 62.64248,
        "fair_value": 68.239024,
        "relative_strength": 2.062311,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.072834,
        "energy": 56.946352,
        "activity_lines": [
          66.699556,
          66.410373,
          64.472163,
          63.384705
        ]
      },
      {
        "date": "2024-02-16",
        "close": 65.7715,
        "volume": 100643,
        "typical_volume": 212742.6,
        "trend": 62.620177,
        "fair_value": 68.27181,
        "relative_strength": 2.502572,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.488875,
        "energy": 39.000853,
        "activity_lines": [
          66.336788,
          66.375788,
          64.770821,
          63.586577
        ]
      },
      {
        "date": "2024-02-23",
        "close": 65.175301,
        "volume": 127386,
        "typical_volume": 212904.1,
        "trend": 62.673981,
        "fair_value": 68.313961,
        "relative_strength": 1.633349,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.960968,
        "energy": 30.815755,
        "activity_lines": [
          65.864875,
          66.215597,
          64.989664,
          63.751423
        ]
      },
      {
        "date": "2024-03-01",
        "close": 64.351974,
        "volume": 212572,
        "typical_volume": 213756.4,
        "trend": 62.687875,
        "fair_value": 68.338218,
        "relative_strength": 0.191278,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.406905,
        "energy": 23.143624,
        "activity_lines": [
          65.274982,
          65.875427,
          65.100684,
          63.859681
        ]
      },
      {
        "date": "2024-03-08",
        "close": 64.512856,
        "volume": 362715,
        "typical_volume": 219662.0,
        "trend": 62.755121,
        "fair_value": 68.360709,
        "relative_strength": -1.019951,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.59023,
        "energy": 24.710621,
        "activity_lines": [
          64.890133,
          65.581715,
          65.207279,
          63.977422
        ]
      },
      {
        "date": "2024-03-15",
        "close": 64.768372,
        "volume": 288306,
        "typical_volume": 215342.75,
        "trend": 62.848335,
        "fair_value": 68.394828,
        "relative_strength": 0.678219,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.275961,
        "energy": 22.594557,
        "activity_lines": [
          64.738087,
          65.353903,
          65.303094,
          64.107309
        ]
      },
      {
        "date": "2024-03-22",
        "close": 65.572769,
        "volume": 210350,
        "typical_volume": 214223.5,
        "trend": 62.9774,
        "fair_value": 68.437243,
        "relative_strength": 0.11065,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.52052,
        "energy": 17.52381,
        "activity_lines": [
          64.95701,
          65.296606,
          65.42089,
          64.283079
        ]
      },
      {
        "date": "2024-03-29",
        "close": 65.96077,
        "volume": 359647,
        "typical_volume": 214391.5,
        "trend": 63.09883,
        "fair_value": 68.466789,
        "relative_strength": -0.353547,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.198548,
        "energy": 18.870921,
        "activity_lines": [
          65.318515,
          65.337901,
          65.534942,
          64.475554
        ]
      },
      {
        "date": "2024-04-05",
        "close": 64.351974,
        "volume": 201266,
        "typical_volume": 209221.75,
        "trend": 63.156975,
        "fair_value": 68.490247,
        "relative_strength": -2.034345,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.653594,
        "energy": 13.570546,
        "activity_lines": [
          65.09139,
          65.115078,
          65.462803,
          64.556402
        ]
      },
      {
        "date": "2024-04-12",
        "close": 64.82515,
        "volume": 214833,
        "typical_volume": 206443.8,
        "trend": 63.310977,
        "fair_value": 68.514511,
        "relative_strength": -0.602244,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.469512,
        "energy": 17.177708,
        "activity_lines": [
          65.021991,
          65.019583,
          65.418874,
          64.664027
        ]
      },
      {
        "date": "2024-04-19",
        "close": 65.7715,
        "volume": 186318,
        "typical_volume": 205065.6,
        "trend": 63.459131,
        "fair_value": 68.545242,
        "relative_strength": 2.003819,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.962601,
        "energy": 18.740019,
        "activity_lines": [
          65.247222,
          65.130736,
          65.454203,
          64.82277
        ]
      },
      {
        "date": "2024-04-26",
        "close": 65.951309,
        "volume": 226772,
        "typical_volume": 206148.65,
        "trend": 63.626367,
        "fair_value": 68.554689,
        "relative_strength": 2.178003,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.928215,
        "energy": 19.034091,
        "activity_lines": [
          65.465514,
          65.284389,
          65.49395,
          64.983556
        ]
      },
      {
        "date": "2024-05-03",
        "close": 65.298325,
        "volume": 256795,
        "typical_volume": 198940.85,
        "trend": 63.836341,
        "fair_value": 68.537686,
        "relative_strength": 0.055539,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.990194,
        "energy": 18.209279,
        "activity_lines": [
          65.440909,
          65.316048,
          65.466145,
          65.091424
        ]
      },
      {
        "date": "2024-05-10",
        "close": 64.82515,
        "volume": 129825,
        "typical_volume": 194015.85,
        "trend": 63.990344,
        "fair_value": 68.534206,
        "relative_strength": 0.840882,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.542863,
        "energy": 14.042914,
        "activity_lines": [
          65.302742,
          65.259439,
          65.384759,
          65.155218
        ]
      },
      {
        "date": "2024-05-17",
        "close": 65.298325,
        "volume": 132940,
        "typical_volume": 199003.6,
        "trend": 64.262331,
        "fair_value": 68.534444,
        "relative_strength": 2.018997,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.237131,
        "energy": 12.845863,
        "activity_lines": [
          65.290755,
          65.280259,
          65.35069,
          65.239604
        ]
      },
      {
        "date": "2024-05-24",
        "close": 64.08699,
        "volume": 273664,
        "typical_volume": 210971.15,
        "trend": 64.622017,
        "fair_value": 68.514186,
        "relative_strength": -0.629213,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.169105,
        "energy": 6.631508,
        "activity_lines": [
          64.843444,
          65.066554,
          65.202608,
          65.228292
        ]
      },
      {
        "date": "2024-05-31",
        "close": 65.34565,
        "volume": 306026,
        "typical_volume": 218924.65,
        "trend": 64.899321,
        "fair_value": 68.49349,
        "relative_strength": 0.516005,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.482694,
        "energy": 6.762794,
        "activity_lines": [
          64.927987,
          65.094086,
          65.183998,
          65.274978
        ]
      },
      {
        "date": "2024-06-07",
        "close": 65.743111,
        "volume": 207145,
        "typical_volume": 219996.45,
        "trend": 65.122875,
        "fair_value": 68.483906,
        "relative_strength": 1.213802,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.745363,
        "energy": 5.704954,
        "activity_lines": [
          65.185395,
          65.198013,
          65.211667,
          65.329416
        ]
      },
      {
        "date": "2024-06-14",
        "close": 65.298325,
        "volume": 314228,
        "typical_volume": 226502.7,
        "trend": 65.272395,
        "fair_value": 68.483174,
        "relative_strength": 0.516128,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 8.506052,
        "energy": 4.457242,
        "activity_lines": [
          65.264888,
          65.225026,
          65.205448,
          65.340735
        ]
      },
      {
        "date": "2024-06-21",
        "close": 64.82515,
        "volume": 729975,
        "typical_volume": 256138.65,
        "trend": 65.348493,
        "fair_value": 68.467876,
        "relative_strength": 1.416204,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.093617,
        "energy": 13.385139,
        "activity_lines": [
          65.155112,
          65.148802,
          65.160474,
          65.31188
        ]
      },
      {
        "date": "2024-06-28",
        "close": 64.001823,
        "volume": 211358,
        "typical_volume": 252638.2,
        "trend": 65.37845,
        "fair_value": 68.439422,
        "relative_strength": -0.129701,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.754501,
        "energy": 24.125707,
        "activity_lines": [
          64.802437,
          64.922882,
          65.046145,
          65.224999
        ]
      },
      {
        "date": "2024-07-05",
        "close": 65.298325,
        "volume": 147175,
        "typical_volume": 254964.8,
        "trend": 65.394222,
        "fair_value": 68.421305,
        "relative_strength": 1.257068,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -37.288708,
        "energy": 22.572549,
        "activity_lines": [
          64.887609,
          64.964866,
          65.066289,
          65.219829
        ]
      },
      {
        "date": "2024-07-12",
        "close": 73.712524,
        "volume": 185145,
        "typical_volume": 257852.75,
        "trend": 65.734316,
        "fair_value": 68.448512,
        "relative_strength": 10.916765,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.518739,
        "energy": 68.38607,
        "activity_lines": [
          67.780668,
          66.548576,
          65.890038,
          65.756494
        ]
      },
      {
        "date": "2024-07-19",
        "close": 73.741264,
        "volume": 179575,
        "typical_volume": 256202.9,
        "trend": 66.015747,
        "fair_value": 68.476477,
        "relative_strength": 9.083602,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.24374,
        "energy": 84.171274,
        "activity_lines": [
          70.152012,
          67.984526,
          66.675871,
          66.273071
        ]
      },
      {
        "date": "2024-07-26",
        "close": 68.970787,
        "volume": 257629,
        "typical_volume": 250948.6,
        "trend": 66.128699,
        "fair_value": 68.447736,
        "relative_strength": 1.735183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.01798,
        "energy": 73.117272,
        "activity_lines": [
          70.370336,
          68.391006,
          66.962662,
          66.463719
        ]
      },
      {
        "date": "2024-08-02",
        "close": 71.643394,
        "volume": 244374,
        "typical_volume": 248752.0,
        "trend": 66.313388,
        "fair_value": 68.420048,
        "relative_strength": 4.651925,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.050632,
        "energy": 77.583789,
        "activity_lines": [
          71.203152,
          69.216642,
          67.482759,
          66.819506
        ]
      },
      {
        "date": "2024-08-09",
        "close": 69.928703,
        "volume": 401975,
        "typical_volume": 258333.25,
        "trend": 66.407167,
        "fair_value": 68.378497,
        "relative_strength": 3.739077,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.54157,
        "energy": 64.5351,
        "activity_lines": [
          70.954967,
          69.593127,
          67.806813,
          67.052752
        ]
      },
      {
        "date": "2024-08-16",
        "close": 71.988251,
        "volume": 230168,
        "typical_volume": 251859.3,
        "trend": 66.556034,
        "fair_value": 68.347564,
        "relative_strength": 2.616643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.522392,
        "energy": 45.768526,
        "activity_lines": [
          71.084606,
          70.260747,
          68.306273,
          67.412822
        ]
      },
      {
        "date": "2024-08-23",
        "close": 71.174019,
        "volume": 131600,
        "typical_volume": 248376.0,
        "trend": 66.707728,
        "fair_value": 68.273169,
        "relative_strength": 2.949543,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.321782,
        "energy": 42.59298,
        "activity_lines": [
          71.057786,
          70.666777,
          68.699484,
          67.710756
        ]
      },
      {
        "date": "2024-08-30",
        "close": 69.928703,
        "volume": 223546,
        "typical_volume": 248811.65,
        "trend": 66.814441,
        "fair_value": 68.173335,
        "relative_strength": 1.741794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.352252,
        "energy": 35.328079,
        "activity_lines": [
          70.78701,
          70.739555,
          68.941608,
          67.918561
        ]
      },
      {
        "date": "2024-09-06",
        "close": 69.928703,
        "volume": 133828,
        "typical_volume": 246187.15,
        "trend": 66.935033,
        "fair_value": 68.081827,
        "relative_strength": 0.379843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 43.466022,
        "energy": 29.257569,
        "activity_lines": [
          70.452373,
          70.719541,
          69.159429,
          68.119481
        ]
      },
      {
        "date": "2024-09-13",
        "close": 70.311874,
        "volume": 168149,
        "typical_volume": 243256.0,
        "trend": 67.086379,
        "fair_value": 68.005695,
        "relative_strength": -0.83717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.539034,
        "energy": 23.987285,
        "activity_lines": [
          70.359772,
          70.661433,
          69.393946,
          68.337342
        ]
      },
      {
        "date": "2024-09-20",
        "close": 68.683403,
        "volume": 291533,
        "typical_volume": 244992.9,
        "trend": 67.203316,
        "fair_value": 67.900462,
        "relative_strength": -0.424175,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.396865,
        "energy": 17.306925,
        "activity_lines": [
          69.698803,
          70.216084,
          69.452606,
          68.440376
        ]
      },
      {
        "date": "2024-09-27",
        "close": 69.066574,
        "volume": 313031,
        "typical_volume": 254153.2,
        "trend": 67.360469,
        "fair_value": 67.792517,
        "relative_strength": 0.248506,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.423917,
        "energy": 16.175611,
        "activity_lines": [
          69.385881,
          69.931841,
          69.53164,
          68.560586
        ]
      },
      {
        "date": "2024-10-04",
        "close": 68.491821,
        "volume": 257723,
        "typical_volume": 260392.35,
        "trend": 67.493101,
        "fair_value": 67.698517,
        "relative_strength": -1.934314,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.264791,
        "energy": 14.404476,
        "activity_lines": [
          69.021871,
          69.628092,
          69.535737,
          68.633576
        ]
      },
      {
        "date": "2024-10-11",
        "close": 70.024498,
        "volume": 240439,
        "typical_volume": 258731.1,
        "trend": 67.668305,
        "fair_value": 67.646383,
        "relative_strength": -1.538082,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.218925,
        "energy": 12.755408,
        "activity_lines": [
          69.264545,
          69.61172,
          69.670597,
          68.796892
        ]
      },
      {
        "date": "2024-10-18",
        "close": 68.396019,
        "volume": 204115,
        "typical_volume": 253635.55,
        "trend": 67.762414,
        "fair_value": 67.567904,
        "relative_strength": -3.710359,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.508389,
        "energy": 8.733408,
        "activity_lines": [
          68.958007,
          69.328696,
          69.62209,
          68.843842
        ]
      },
      {
        "date": "2024-10-25",
        "close": 69.689232,
        "volume": 213060,
        "typical_volume": 253931.3,
        "trend": 67.886696,
        "fair_value": 67.498404,
        "relative_strength": -1.66107,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.318896,
        "energy": 8.980532,
        "activity_lines": [
          69.210263,
          69.308667,
          69.68222,
          68.968152
        ]
      },
      {
        "date": "2024-11-01",
        "close": 67.275253,
        "volume": 175424,
        "typical_volume": 246991.1,
        "trend": 67.984139,
        "fair_value": 67.414578,
        "relative_strength": -3.538668,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 1.008888,
        "energy": 8.349482,
        "activity_lines": [
          68.590804,
          68.891534,
          69.493657,
          68.928704
        ]
      },
      {
        "date": "2024-11-08",
        "close": 69.737122,
        "volume": 171863,
        "typical_volume": 219085.5,
        "trend": 68.147871,
        "fair_value": 67.341078,
        "relative_strength": -1.716265,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.480162,
        "energy": 10.191005,
        "activity_lines": [
          68.91139,
          68.992901,
          69.530143,
          69.0418
        ]
      },
      {
        "date": "2024-11-15",
        "close": 70.216087,
        "volume": 219115,
        "typical_volume": 219473.35,
        "trend": 68.296024,
        "fair_value": 67.274381,
        "relative_strength": -0.407195,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.151904,
        "energy": 15.145932,
        "activity_lines": [
          69.308611,
          69.184835,
          69.588855,
          69.175234
        ]
      },
      {
        "date": "2024-11-22",
        "close": 71.844566,
        "volume": 222428,
        "typical_volume": 223236.0,
        "trend": 68.492466,
        "fair_value": 67.218123,
        "relative_strength": -0.863033,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 48.540117,
        "energy": 27.8365,
        "activity_lines": [
          70.235885,
          69.667631,
          69.773068,
          69.404172
        ]
      },
      {
        "date": "2024-11-29",
        "close": 70.16819,
        "volume": 248420,
        "typical_volume": 226399.75,
        "trend": 68.654795,
        "fair_value": 67.150258,
        "relative_strength": -3.300959,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 47.803236,
        "energy": 29.417725,
        "activity_lines": [
          70.374465,
          69.817764,
          69.766454,
          69.512283
        ]
      },
      {
        "date": "2024-12-06",
        "close": 69.449745,
        "volume": 147882,
        "typical_volume": 224815.1,
        "trend": 68.808948,
        "fair_value": 67.071138,
        "relative_strength": -2.294807,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 42.779476,
        "energy": 26.620107,
        "activity_lines": [
          70.241632,
          69.810274,
          69.708294,
          69.56357
        ]
      },
      {
        "date": "2024-12-13",
        "close": 68.844963,
        "volume": 242634,
        "typical_volume": 224065.35,
        "trend": 68.927169,
        "fair_value": 66.98739,
        "relative_strength": -2.691486,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.573624,
        "energy": 16.35158,
        "activity_lines": [
          69.762239,
          69.685858,
          69.612972,
          69.565894
        ]
      },
      {
        "date": "2024-12-20",
        "close": 69.300514,
        "volume": 258806,
        "typical_volume": 224786.95,
        "trend": 69.100953,
        "fair_value": 66.905868,
        "relative_strength": -3.103753,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.48932,
        "energy": 7.70638,
        "activity_lines": [
          69.494174,
          69.637848,
          69.561634,
          69.58998
        ]
      },
      {
        "date": "2024-12-27",
        "close": 70.754364,
        "volume": 41175,
        "typical_volume": 206746.95,
        "trend": 69.281244,
        "fair_value": 66.816912,
        "relative_strength": -3.254189,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.819725,
        "energy": 11.325393,
        "activity_lines": [
          69.771763,
          69.867338,
          69.659915,
          69.696652
        ]
      },
      {
        "date": "2025-01-03",
        "close": 71.229294,
        "volume": 41852,
        "typical_volume": 197331.15,
        "trend": 69.464116,
        "fair_value": 66.731578,
        "relative_strength": -1.521619,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.008431,
        "energy": 17.687009,
        "activity_lines": [
          70.280343,
          70.1403,
          69.799496,
          69.822333
        ]
      },
      {
        "date": "2025-01-10",
        "close": 69.978981,
        "volume": 144804,
        "typical_volume": 197991.35,
        "trend": 69.620138,
        "fair_value": 66.642851,
        "relative_strength": -1.881423,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 31.251306,
        "energy": 23.827131,
        "activity_lines": [
          70.301411,
          70.157931,
          69.823614,
          69.85555
        ]
      },
      {
        "date": "2025-01-17",
        "close": 69.213287,
        "volume": 121695,
        "typical_volume": 192898.8,
        "trend": 69.766409,
        "fair_value": 66.583129,
        "relative_strength": -4.516236,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 23.290397,
        "energy": 16.54276,
        "activity_lines": [
          70.031966,
          69.987187,
          69.780499,
          69.829301
        ]
      },
      {
        "date": "2025-01-24",
        "close": 68.932205,
        "volume": 165081,
        "typical_volume": 194461.45,
        "trend": 69.930756,
        "fair_value": 66.53969,
        "relative_strength": -4.025756,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -36.924079,
        "energy": 13.800651,
        "activity_lines": [
          69.644271,
          69.77486,
          69.714021,
          69.775482
        ]
      },
      {
        "date": "2025-01-31",
        "close": 69.785126,
        "volume": 175496,
        "typical_volume": 194828.8,
        "trend": 70.080316,
        "fair_value": 66.478608,
        "relative_strength": -2.540618,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -28.499024,
        "energy": 15.426581,
        "activity_lines": [
          69.565438,
          69.740954,
          69.733518,
          69.766086
        ]
      },
      {
        "date": "2025-02-07",
        "close": 68.554199,
        "volume": 112451,
        "typical_volume": 185874.7,
        "trend": 69.908371,
        "fair_value": 66.432687,
        "relative_strength": -3.477821,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.146258,
        "energy": 30.436129,
        "activity_lines": [
          69.140911,
          69.520687,
          69.638293,
          69.667627
        ]
      },
      {
        "date": "2025-02-14",
        "close": 68.718971,
        "volume": 215268,
        "typical_volume": 180986.55,
        "trend": 69.740962,
        "fair_value": 66.41128,
        "relative_strength": -3.786481,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.706538,
        "energy": 37.556784,
        "activity_lines": [
          68.949648,
          69.359724,
          69.559376,
          69.590892
        ]
      },
      {
        "date": "2025-02-21",
        "close": 66.877419,
        "volume": 251662,
        "typical_volume": 180683.5,
        "trend": 69.671183,
        "fair_value": 66.389334,
        "relative_strength": -4.521803,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -69.741117,
        "energy": 58.349803,
        "activity_lines": [
          68.228536,
          68.87722,
          69.306728,
          69.406147
        ]
      },
      {
        "date": "2025-02-28",
        "close": 67.623726,
        "volume": 257707,
        "typical_volume": 181546.9,
        "trend": 69.537194,
        "fair_value": 66.346173,
        "relative_strength": -2.259565,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.810661,
        "energy": 58.677176,
        "activity_lines": [
          67.911916,
          68.566182,
          69.132845,
          69.274053
        ]
      },
      {
        "date": "2025-03-07",
        "close": 65.859711,
        "volume": 249179,
        "typical_volume": 183800.1,
        "trend": 69.401561,
        "fair_value": 66.329259,
        "relative_strength": -3.227655,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.393449,
        "energy": 70.571754,
        "activity_lines": [
          67.094524,
          67.964901,
          68.802392,
          69.036796
        ]
      },
      {
        "date": "2025-03-14",
        "close": 64.938942,
        "volume": 368599,
        "typical_volume": 191577.05,
        "trend": 69.166584,
        "fair_value": 66.277554,
        "relative_strength": -3.470801,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.707529,
        "energy": 78.155466,
        "activity_lines": [
          66.231903,
          67.285201,
          68.396325,
          68.748885
        ]
      },
      {
        "date": "2025-03-21",
        "close": 62.477074,
        "volume": 448258,
        "typical_volume": 205218.75,
        "trend": 68.876686,
        "fair_value": 66.193949,
        "relative_strength": -5.855015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.460352,
        "energy": 86.73524,
        "activity_lines": [
          64.789676,
          66.272259,
          67.778415,
          68.317304
        ]
      },
      {
        "date": "2025-03-28",
        "close": 61.25584,
        "volume": 220594,
        "typical_volume": 207655.3,
        "trend": 68.58759,
        "fair_value": 66.105635,
        "relative_strength": -8.853407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.115734,
        "energy": 91.986774,
        "activity_lines": [
          63.356498,
          65.173672,
          67.067045,
          67.825636
        ]
      },
      {
        "date": "2025-04-04",
        "close": 60.209061,
        "volume": 430699,
        "typical_volume": 218234.5,
        "trend": 68.263602,
        "fair_value": 66.027077,
        "relative_strength": -9.81826,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.860871,
        "energy": 93.66284,
        "activity_lines": [
          61.949165,
          64.029443,
          66.296368,
          67.285086
        ]
      },
      {
        "date": "2025-04-11",
        "close": 58.154278,
        "volume": 420729,
        "typical_volume": 228149.55,
        "trend": 67.858349,
        "fair_value": 65.937659,
        "relative_strength": -11.216006,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.435303,
        "energy": 94.260307,
        "activity_lines": [
          60.351216,
          62.67022,
          65.377651,
          66.632872
        ]
      },
      {
        "date": "2025-04-18",
        "close": 56.215801,
        "volume": 170199,
        "typical_volume": 224238.5,
        "trend": 67.442762,
        "fair_value": 65.832925,
        "relative_strength": -14.600299,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.563645,
        "energy": 94.816754,
        "activity_lines": [
          58.620804,
          61.170016,
          64.339509,
          65.88174
        ]
      },
      {
        "date": "2025-04-25",
        "close": 55.934719,
        "volume": 157496,
        "typical_volume": 224719.2,
        "trend": 67.005034,
        "fair_value": 65.721768,
        "relative_strength": -14.028316,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.801019,
        "energy": 91.727101,
        "activity_lines": [
          57.37824,
          59.843041,
          63.341037,
          65.139285
        ]
      },
      {
        "date": "2025-05-02",
        "close": 60.102444,
        "volume": 614343,
        "typical_volume": 243304.65,
        "trend": 66.725388,
        "fair_value": 65.643162,
        "relative_strength": -9.755287,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.98908,
        "energy": 65.12721,
        "activity_lines": [
          57.961074,
          59.506275,
          62.803848,
          64.693957
        ]
      },
      {
        "date": "2025-05-09",
        "close": 60.858452,
        "volume": 465851,
        "typical_volume": 253656.9,
        "trend": 66.419853,
        "fair_value": 65.615911,
        "relative_strength": -10.410599,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.597487,
        "energy": 56.71683,
        "activity_lines": [
          58.872805,
          59.430146,
          62.380292,
          64.315445
        ]
      },
      {
        "date": "2025-05-16",
        "close": 65.559258,
        "volume": 444314,
        "typical_volume": 273813.85,
        "trend": 66.325294,
        "fair_value": 65.602271,
        "relative_strength": -4.707718,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.895521,
        "energy": 25.374649,
        "activity_lines": [
          61.308178,
          60.331714,
          62.444631,
          64.259923
        ]
      },
      {
        "date": "2025-05-23",
        "close": 64.938942,
        "volume": 194921,
        "typical_volume": 281467.3,
        "trend": 66.166951,
        "fair_value": 65.582285,
        "relative_strength": -4.086278,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.817937,
        "energy": 25.719728,
        "activity_lines": [
          63.043114,
          61.125961,
          62.474631,
          64.170481
        ]
      },
      {
        "date": "2025-05-30",
        "close": 68.137428,
        "volume": 258547,
        "typical_volume": 287154.45,
        "trend": 66.19569,
        "fair_value": 65.547905,
        "relative_strength": 2.084338,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 1.754895,
        "energy": 23.807244,
        "activity_lines": [
          65.262669,
          62.50175,
          62.839203,
          64.297608
        ]
      },
      {
        "date": "2025-06-06",
        "close": 68.282806,
        "volume": 317899,
        "typical_volume": 296964.65,
        "trend": 66.147213,
        "fair_value": 65.554612,
        "relative_strength": 1.164531,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 30.130779,
        "energy": 37.680294,
        "activity_lines": [
          66.717169,
          63.801056,
          63.22639,
          64.432261
        ]
      },
      {
        "date": "2025-06-13",
        "close": 64.948639,
        "volume": 128874,
        "typical_volume": 295154.3,
        "trend": 65.971632,
        "fair_value": 65.572531,
        "relative_strength": -3.580159,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 19.73807,
        "energy": 30.070919,
        "activity_lines": [
          66.514923,
          64.366387,
          63.300468,
          64.354933
        ]
      },
      {
        "date": "2025-06-20",
        "close": 63.349392,
        "volume": 170503,
        "typical_volume": 294904.65,
        "trend": 65.688459,
        "fair_value": 65.581123,
        "relative_strength": -5.903798,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -1.579108,
        "energy": 17.001397,
        "activity_lines": [
          65.506915,
          64.554772,
          63.241206,
          64.185757
        ]
      },
      {
        "date": "2025-06-27",
        "close": 65.297562,
        "volume": 229674,
        "typical_volume": 300765.8,
        "trend": 65.526105,
        "fair_value": 65.601047,
        "relative_strength": -3.0271,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -4.463529,
        "energy": 10.911784,
        "activity_lines": [
          65.295622,
          65.002912,
          63.398131,
          64.160537
        ]
      },
      {
        "date": "2025-07-04",
        "close": 64.745102,
        "volume": 332201,
        "typical_volume": 306612.45,
        "trend": 65.369283,
        "fair_value": 65.605875,
        "relative_strength": -5.067346,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -18.302292,
        "energy": 10.897436,
        "activity_lines": [
          64.876268,
          65.185483,
          63.517948,
          64.11015
        ]
      },
      {
        "date": "2025-07-11",
        "close": 63.194897,
        "volume": 262250,
        "typical_volume": 307141.85,
        "trend": 65.180948,
        "fair_value": 65.599768,
        "relative_strength": -6.388238,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -25.782531,
        "energy": 16.147375,
        "activity_lines": [
          64.166333,
          64.926009,
          63.509049,
          63.969867
        ]
      },
      {
        "date": "2025-07-18",
        "close": 67.084717,
        "volume": 210404,
        "typical_volume": 304776.7,
        "trend": 65.107088,
        "fair_value": 65.617426,
        "relative_strength": -1.846017,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 8.736183,
        "energy": 7.938408,
        "activity_lines": [
          65.0922,
          65.317549,
          63.888146,
          64.092691
        ]
      },
      {
        "date": "2025-07-25",
        "close": 65.712418,
        "volume": 1017442,
        "typical_volume": 343189.85,
        "trend": 64.939023,
        "fair_value": 65.588267,
        "relative_strength": -3.487088,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 19.996329,
        "energy": 12.142111,
        "activity_lines": [
          65.418228,
          65.346375,
          64.139114,
          64.131745
        ]
      },
      {
        "date": "2025-08-01",
        "close": 58.742325,
        "volume": 770819,
        "typical_volume": 363300.85,
        "trend": 64.522791,
        "fair_value": 65.505654,
        "relative_strength": -12.521812,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -49.743732,
        "energy": 24.439719,
        "activity_lines": [
          63.263356,
          64.105127,
          63.726965,
          63.731958
        ]
      },
      {
        "date": "2025-08-08",
        "close": 60.470039,
        "volume": 260930,
        "typical_volume": 353934.45,
        "trend": 64.205826,
        "fair_value": 65.431776,
        "relative_strength": -10.429038,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -44.639198,
        "energy": 26.020802,
        "activity_lines": [
          62.121405,
          63.290674,
          63.508868,
          63.47049
        ]
      },
      {
        "date": "2025-08-15",
        "close": 58.811432,
        "volume": 245866,
        "typical_volume": 355198.05,
        "trend": 63.859097,
        "fair_value": 65.355455,
        "relative_strength": -12.839652,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.413347,
        "energy": 50.975359,
        "activity_lines": [
          60.71159,
          62.314064,
          63.142366,
          63.122464
        ]
      },
      {
        "date": "2025-08-22",
        "close": 58.683086,
        "volume": 630665,
        "typical_volume": 365196.35,
        "trend": 63.51746,
        "fair_value": 65.28416,
        "relative_strength": -13.678107,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.922523,
        "energy": 65.842676,
        "activity_lines": [
          59.551223,
          61.486324,
          62.77528,
          62.788528
        ]
      },
      {
        "date": "2025-08-29",
        "close": 58.594231,
        "volume": 247417,
        "typical_volume": 356530.75,
        "trend": 63.14443,
        "fair_value": 65.225165,
        "relative_strength": -12.712184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.990616,
        "energy": 68.383521,
        "activity_lines": [
          58.921347,
          60.756349,
          62.406999,
          62.4709
        ]
      },
      {
        "date": "2025-09-05",
        "close": 63.066551,
        "volume": 268781,
        "typical_volume": 361459.85,
        "trend": 62.961509,
        "fair_value": 65.199517,
        "relative_strength": -7.865945,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.676458,
        "energy": 47.971693,
        "activity_lines": [
          60.256789,
          60.92598,
          62.462557,
          62.465876
        ]
      },
      {
        "date": "2025-09-12",
        "close": 61.210487,
        "volume": 184092,
        "typical_volume": 362789.65,
        "trend": 62.711226,
        "fair_value": 65.167821,
        "relative_strength": -10.323233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.806409,
        "energy": 28.897448,
        "activity_lines": [
          60.685262,
          60.798708,
          62.308725,
          62.352907
        ]
      },
      {
        "date": "2025-09-19",
        "close": 63.362728,
        "volume": 816743,
        "typical_volume": 372909.65,
        "trend": 62.59407,
        "fair_value": 65.164545,
        "relative_strength": -6.948358,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -25.119664,
        "energy": 14.364466,
        "activity_lines": [
          61.781786,
          61.127019,
          62.334746,
          62.394939
        ]
      },
      {
        "date": "2025-09-26",
        "close": 61.506668,
        "volume": 171092,
        "typical_volume": 358171.7,
        "trend": 62.390168,
        "fair_value": 65.164579,
        "relative_strength": -8.556333,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.552905,
        "energy": 19.320281,
        "activity_lines": [
          61.956203,
          61.114813,
          62.168474,
          62.324784
        ]
      },
      {
        "date": "2025-10-03",
        "close": 61.210487,
        "volume": 297932,
        "typical_volume": 350852.6,
        "trend": 62.235194,
        "fair_value": 65.160959,
        "relative_strength": -11.407948,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -0.68841,
        "energy": 5.514566,
        "activity_lines": [
          61.843654,
          61.150175,
          61.970908,
          62.248676
        ]
      },
      {
        "date": "2025-10-10",
        "close": 59.907299,
        "volume": 223192,
        "typical_volume": 352266.15,
        "trend": 62.067472,
        "fair_value": 65.156122,
        "relative_strength": -12.663141,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -10.721479,
        "energy": 6.971471,
        "activity_lines": [
          61.122293,
          61.030447,
          61.669936,
          62.098489
        ]
      },
      {
        "date": "2025-10-17",
        "close": 61.003162,
        "volume": 151026,
        "typical_volume": 346890.1,
        "trend": 62.018342,
        "fair_value": 65.14936,
        "relative_strength": -9.620405,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -15.057957,
        "energy": 12.634592,
        "activity_lines": [
          60.976835,
          61.088785,
          61.497293,
          62.029824
        ]
      },
      {
        "date": "2025-10-24",
        "close": 59.334682,
        "volume": 179046,
        "typical_volume": 339947.45,
        "trend": 61.954303,
        "fair_value": 65.086863,
        "relative_strength": -12.42426,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.670776,
        "energy": 34.721718,
        "activity_lines": [
          60.28904,
          60.83407,
          61.19972,
          61.856685
        ]
      },
      {
        "date": "2025-10-31",
        "close": 59.482773,
        "volume": 251579,
        "typical_volume": 346082.7,
        "trend": 61.930093,
        "fair_value": 65.038828,
        "relative_strength": -12.901435,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.083497,
        "energy": 46.890191,
        "activity_lines": [
          59.919144,
          60.596768,
          60.958861,
          61.697231
        ]
      },
      {
        "date": "2025-11-07",
        "close": 57.913021,
        "volume": 329438,
        "typical_volume": 354029.45,
        "trend": 61.922052,
        "fair_value": 64.98073,
        "relative_strength": -15.127999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.109682,
        "energy": 57.263164,
        "activity_lines": [
          59.160924,
          60.059516,
          60.594529,
          61.438065
        ]
      },
      {
        "date": "2025-11-14",
        "close": 66.719437,
        "volume": 355013,
        "typical_volume": 360296.4,
        "trend": 62.272173,
        "fair_value": 65.000725,
        "relative_strength": -1.023491,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 2.494452,
        "energy": 2.710645,
        "activity_lines": [
          61.558008,
          61.135816,
          61.094791,
          61.747574
        ]
      },
      {
        "date": "2025-11-21",
        "close": 66.512108,
        "volume": 476547,
        "typical_volume": 367513.7,
        "trend": 62.624752,
        "fair_value": 65.010033,
        "relative_strength": -0.78926,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 27.468708,
        "energy": 28.452486,
        "activity_lines": [
          63.431839,
          62.108004,
          61.568537,
          62.021118
        ]
      },
      {
        "date": "2025-11-28",
        "close": 66.344269,
        "volume": 178360,
        "typical_volume": 363319.2,
        "trend": 62.832813,
        "fair_value": 65.02236,
        "relative_strength": -1.379893,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 25.283883,
        "energy": 39.051409,
        "activity_lines": [
          64.88246,
          62.953283,
          62.017884,
          62.261087
        ]
      },
      {
        "date": "2025-12-05",
        "close": 66.393631,
        "volume": 205986,
        "typical_volume": 363098.3,
        "trend": 63.017319,
        "fair_value": 65.039613,
        "relative_strength": -1.078859,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 26.55515,
        "energy": 48.352527,
        "activity_lines": [
          65.88223,
          63.753326,
          62.456935,
          62.490817
        ]
      },
      {
        "date": "2025-12-12",
        "close": 67.400002,
        "volume": 273113,
        "typical_volume": 325881.85,
        "trend": 63.078677,
        "fair_value": 65.053668,
        "relative_strength": 1.142692,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 40.315326,
        "energy": 64.906849,
        "activity_lines": [
          66.756733,
          64.647493,
          62.995122,
          62.773571
        ]
      },
      {
        "date": "2025-12-19",
        "close": 68.260002,
        "volume": 582997,
        "typical_volume": 316490.75,
        "trend": 63.189379,
        "fair_value": 65.091589,
        "relative_strength": 3.098072,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.05609,
        "energy": 66.603267,
        "activity_lines": [
          67.285437,
          65.585486,
          63.607177,
          63.10785
        ]
      },
      {
        "date": "2025-12-26",
        "close": 69.010002,
        "volume": 90867,
        "typical_volume": 307987.6,
        "trend": 63.218465,
        "fair_value": 65.134317,
        "relative_strength": 2.825888,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 74.9289,
        "energy": 78.485441,
        "activity_lines": [
          67.961437,
          66.507976,
          64.245339,
          63.483374
        ]
      },
      {
        "date": "2026-01-02",
        "close": 68.620003,
        "volume": 17724,
        "typical_volume": 296580.5,
        "trend": 63.229705,
        "fair_value": 65.183664,
        "relative_strength": 2.251661,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.909843,
        "energy": 75.793835,
        "activity_lines": [
          68.340911,
          67.213978,
          64.805691,
          63.83186
        ]
      },
      {
        "date": "2026-01-09",
        "close": 68.019997,
        "volume": 152412,
        "typical_volume": 272667.85,
        "trend": 63.332084,
        "fair_value": 65.211462,
        "relative_strength": 0.443004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.595745,
        "energy": 68.827747,
        "activity_lines": [
          68.368667,
          67.642063,
          65.262193,
          64.140911
        ]
      },
      {
        "date": "2026-01-16",
        "close": 68.989998,
        "volume": 157917,
        "typical_volume": 268192.85,
        "trend": 63.520104,
        "fair_value": 65.23334,
        "relative_strength": 1.808973,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.731607,
        "energy": 65.209121,
        "activity_lines": [
          68.611333,
          68.091291,
          65.766614,
          64.505938
        ]
      },
      {
        "date": "2026-01-23",
        "close": 67.709999,
        "volume": 144173,
        "typical_volume": 261962.45,
        "trend": 63.600518,
        "fair_value": 65.240974,
        "relative_strength": 2.027422,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.5984,
        "energy": 47.87946,
        "activity_lines": [
          68.321332,
          68.106392,
          66.099626,
          64.776254
        ]
      },
      {
        "date": "2026-01-30",
        "close": 67.150002,
        "volume": 149113,
        "typical_volume": 260213.5,
        "trend": 63.680682,
        "fair_value": 65.232704,
        "relative_strength": 1.517938,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.106156,
        "energy": 36.575722,
        "activity_lines": [
          67.881333,
          68.001664,
          66.357194,
          65.005253
        ]
      },
      {
        "date": "2026-02-06",
        "close": 64.0,
        "volume": 323449,
        "typical_volume": 235548.8,
        "trend": 63.707519,
        "fair_value": 65.198912,
        "relative_strength": -3.185347,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.39118,
        "energy": 18.000648,
        "activity_lines": [
          66.515333,
          67.312612,
          66.286479,
          65.025854
        ]
      },
      {
        "date": "2026-02-13",
        "close": 62.0,
        "volume": 336486,
        "typical_volume": 243818.5,
        "trend": 63.538028,
        "fair_value": 65.143419,
        "relative_strength": -4.241781,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.704271,
        "energy": 23.270333,
        "activity_lines": [
          64.790667,
          66.302546,
          66.022252,
          64.915691
        ]
      },
      {
        "date": "2026-02-20",
        "close": 64.300003,
        "volume": 224405,
        "typical_volume": 240142.15,
        "trend": 63.490947,
        "fair_value": 65.127004,
        "relative_strength": -1.353225,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.44846,
        "energy": 26.32416,
        "activity_lines": [
          64.234001,
          65.790546,
          65.974725,
          64.964851
        ]
      },
      {
        "date": "2026-02-27",
        "close": 64.349998,
        "volume": 174314,
        "typical_volume": 237698.25,
        "trend": 63.67787,
        "fair_value": 65.111442,
        "relative_strength": -4.00286,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.399966,
        "energy": 27.651999,
        "activity_lines": [
          64.006667,
          65.344,
          65.917246,
          65.020274
        ]
      },
      {
        "date": "2026-03-06",
        "close": 63.5,
        "volume": 169421,
        "typical_volume": 238618.0,
        "trend": 63.778869,
        "fair_value": 65.101206,
        "relative_strength": -3.610988,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -22.798378,
        "energy": 35.244737,
        "activity_lines": [
          63.72,
          64.814,
          65.75766,
          65.008798
        ]
      },
      {
        "date": "2026-03-13",
        "close": 60.5,
        "volume": 303574,
        "typical_volume": 244844.4,
        "trend": 63.835154,
        "fair_value": 65.079023,
        "relative_strength": -5.589532,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.009635,
        "energy": 55.409398,
        "activity_lines": [
          62.676667,
          63.838727,
          65.30047,
          64.797258
        ]
      },
      {
        "date": "2026-03-20",
        "close": 60.330002,
        "volume": 298987,
        "typical_volume": 247214.8,
        "trend": 63.890051,
        "fair_value": 65.062972,
        "relative_strength": -4.229983,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.238544,
        "energy": 57.022038,
        "activity_lines": [
          61.810001,
          62.980182,
          64.821541,
          64.571119
        ]
      },
      {
        "date": "2026-03-27",
        "close": 59.009998,
        "volume": 226625,
        "typical_volume": 242074.15,
        "trend": 63.90391,
        "fair_value": 65.026738,
        "relative_strength": -5.771819,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.359583,
        "energy": 62.76233,
        "activity_lines": [
          60.614666,
          62.021455,
          64.212862,
          64.256277
        ]
      },
      {
        "date": "2026-04-03",
        "close": 58.990002,
        "volume": 256626,
        "typical_volume": 237154.8,
        "trend": 63.768025,
        "fair_value": 64.998013,
        "relative_strength": -5.428522,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.817797,
        "energy": 65.835056,
        "activity_lines": [
          59.765334,
          61.240546,
          63.597055,
          63.939251
        ]
      },
      {
        "date": "2026-04-10",
        "close": 60.0,
        "volume": 139144,
        "typical_volume": 220284.65,
        "trend": 63.727676,
        "fair_value": 64.959598,
        "relative_strength": -5.739948,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -63.78423,
        "energy": 60.57962,
        "activity_lines": [
          59.61,
          60.801818,
          63.114246,
          63.696152
        ]
      },
      {
        "date": "2026-04-17",
        "close": 57.200001,
        "volume": 323876,
        "typical_volume": 227560.45,
        "trend": 63.522252,
        "fair_value": 64.899979,
        "relative_strength": -8.143043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.673432,
        "energy": 66.464626,
        "activity_lines": [
          58.754667,
          59.984,
          62.39578,
          63.275012
        ]
      },
      {
        "date": "2026-04-24",
        "close": 59.849998,
        "volume": 301669,
        "typical_volume": 232344.6,
        "trend": 63.467029,
        "fair_value": 64.859123,
        "relative_strength": -3.655834,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.159659,
        "energy": 46.552674,
        "activity_lines": [
          59.002666,
          59.771636,
          61.973238,
          63.038093
        ]
      },
      {
        "date": "2026-05-01",
        "close": 61.0,
        "volume": 300506,
        "typical_volume": 233714.25,
        "trend": 63.460013,
        "fair_value": 64.829784,
        "relative_strength": -2.965374,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.976068,
        "energy": 36.975008,
        "activity_lines": [
          59.666,
          59.807455,
          61.691381,
          62.878929
        ]
      },
      {
        "date": "2026-05-08",
        "close": 58.650002,
        "volume": 504176,
        "typical_volume": 229773.2,
        "trend": 63.418103,
        "fair_value": 64.7913,
        "relative_strength": -7.527259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.264292,
        "energy": 38.922031,
        "activity_lines": [
          59.413334,
          59.476,
          61.216191,
          62.568606
        ]
      },
      {
        "date": "2026-05-15",
        "close": 55.889999,
        "volume": 457031,
        "typical_volume": 248081.4,
        "trend": 63.247664,
        "fair_value": 64.72506,
        "relative_strength": -10.157805,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.583628,
        "energy": 45.366229,
        "activity_lines": [
          58.263333,
          58.746364,
          60.523905,
          62.082922
        ]
      },
      {
        "date": "2026-05-22",
        "close": 58.130001,
        "volume": 274531,
        "typical_volume": 260921.75,
        "trend": 63.207508,
        "fair_value": 64.695085,
        "relative_strength": -6.491068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.799653,
        "energy": 39.542058,
        "activity_lines": [
          58.134,
          58.562364,
          60.107429,
          61.75275
        ]
      },
      {
        "date": "2026-05-29",
        "close": 64.75,
        "volume": 510090,
        "typical_volume": 278805.65,
        "trend": 63.383083,
        "fair_value": 64.71021,
        "relative_strength": 2.412482,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.942903,
        "energy": 16.140002,
        "activity_lines": [
          60.149334,
          59.625091,
          60.371381,
          61.852266
        ]
      },
      {
        "date": "2026-06-05",
        "close": 62.350739,
        "volume": 30051,
        "typical_volume": 272412.35,
        "trend": 63.531006,
        "fair_value": 64.695449,
        "relative_strength": -0.483827,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.481085,
        "energy": 14.252308,
        "activity_lines": [
          61.038247,
          60.171225,
          60.422404,
          61.785663
        ]
      },
      {
        "date": "2026-06-12",
        "close": 64.510971,
        "volume": 32328,
        "typical_volume": 266820.1,
        "trend": 63.457391,
        "fair_value": 64.680327,
        "relative_strength": 1.327709,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 1.741648,
        "energy": 16.65981,
        "activity_lines": [
          62.557187,
          61.049389,
          60.710779,
          61.848886
        ]
      },
      {
        "date": "2026-06-19",
        "close": 60.318745,
        "volume": 197078,
        "typical_volume": 269218.35,
        "trend": 63.250945,
        "fair_value": 64.634779,
        "relative_strength": -5.753853,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.379593,
        "energy": 20.1536,
        "activity_lines": [
          62.287988,
          61.064947,
          60.615127,
          61.646393
        ]
      },
      {
        "date": "2026-06-26",
        "close": 59.381657,
        "volume": 164301,
        "typical_volume": 261260.95,
        "trend": 63.018858,
        "fair_value": 64.589145,
        "relative_strength": -6.917563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.75597,
        "energy": 14.343811,
        "activity_lines": [
          61.411177,
          60.904331,
          60.462759,
          61.396762
        ]
      },
      {
        "date": "2026-07-03",
        "close": 62.81435,
        "volume": 61381,
        "typical_volume": 247505.7,
        "trend": 62.899549,
        "fair_value": 64.559713,
        "relative_strength": -2.244797,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.056001,
        "energy": 6.717154,
        "activity_lines": [
          61.595153,
          61.328175,
          60.659306,
          61.383568
        ]
      },
      {
        "date": "2026-07-10",
        "close": 62.0,
        "volume": 177707,
        "typical_volume": 245170.8,
        "trend": 62.719549,
        "fair_value": 64.525674,
        "relative_strength": -4.494428,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.169332,
        "energy": 7.784785,
        "activity_lines": [
          61.636722,
          61.550057,
          60.774418,
          61.325532
        ]
      },
      {
        "date": "2026-07-17",
        "close": 63.82,
        "volume": 307793,
        "typical_volume": 251844.75,
        "trend": 62.571549,
        "fair_value": 64.508876,
        "relative_strength": -0.815696,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.043034,
        "energy": 5.494623,
        "activity_lines": [
          62.308341,
          62.084667,
          61.073816,
          61.396529
        ]
      },
      {
        "date": "2026-07-24",
        "close": 63.75,
        "volume": 309125,
        "typical_volume": 258829.95,
        "trend": 62.396216,
        "fair_value": 64.510086,
        "relative_strength": -1.287427,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.158426,
        "energy": 27.158972,
        "activity_lines": [
          63.00269,
          62.512549,
          61.369071,
          61.472558
        ]
      },
      {
        "date": "2026-07-31",
        "close": 69.199997,
        "volume": 601275,
        "typical_volume": 273715.0,
        "trend": 62.415549,
        "fair_value": 64.543835,
        "relative_strength": 7.530023,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 51.154897,
        "energy": 57.494386,
        "activity_lines": [
          65.284956,
          63.788431,
          62.182183,
          61.911512
        ]
      },
      {
        "date": "2026-08-07",
        "close": 69.330002,
        "volume": 308972,
        "typical_volume": 274214.25,
        "trend": 62.459215,
        "fair_value": 64.587646,
        "relative_strength": 6.62493,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.79706,
        "energy": 67.435567,
        "activity_lines": [
          66.956,
          64.886678,
          62.966247,
          62.357605
        ]
      }
    ],
    "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."
    }
  }
}