{ "ticker": { "uuid": "91de96d5-5e79-4e1c-808e-2f2f601d6034", "symbol": "BGC", "name": "BGC Group Inc.", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 17.79, "architecture_energy": 10.538, "architecture_maturity": 27.867, "architecture_confidence": 72.923, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 55.93, "rotation_up": 30.36, "upward_expansion": 57.6, "deceleration": 81.76, "rotation_down": 25.89, "downward_expansion": 18.93 }, "activity_lines": [ 11.077333, 11.195818, 11.194794, 10.923868 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 10.35, "trend_reference": 10.461834, "distance_from_trend": -0.01069, "trend_direction": "Improving", "fair_value": 8.805558, "distance_from_fair_value": 0.175394, "fair_value_direction": "Weakening", "relative_strength": -8.659061, "relative_strength_direction": "Weakening", "price_momentum": 0.159729, "excess_performance": -0.027724, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.01069, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.08364, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.175394, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.202544, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.086591, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.072396, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.159729, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.632267, "read": "Supply-led" } ], "volume": { "latest": 14622875, "relative_activity": 0.990715, "balance": 0.632267, "dry_up": 0.830266, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.089723, "annualized_volatility": 0.336126, "from_high_reference": -0.19674, "from_low_reference": 0.260178 }, "levels": { "trend_reference": 10.461834, "fair_value_reference": 8.805558, "structural_low": 8.605764, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.013672, "positive_rate": 0.5625, "directional_follow_through": 0.5625, "median_excess_return": -0.011504, "regime_survival": 0.5, "best_return": 0.173219, "worst_return": -0.091549, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.010684, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.023092, "regime_survival": 0.142857, "best_return": 0.235004, "worst_return": -0.088612, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.096949, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.029478, "regime_survival": 0.166667, "best_return": 0.292818, "worst_return": -0.175943, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.097161, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.041661, "regime_survival": 0.25, "best_return": 0.613693, "worst_return": -0.324955, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": 0.040659, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-04-04", "tenure": "Developing", "return": -0.162392, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.106971, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.084806, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.126267, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-10-10", "tenure": "Developing", "return": -0.129008, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-11-14", "tenure": "Developing", "return": -0.015251, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-30", "tenure": "Developing", "return": 0.070482, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-27", "tenure": "New", "return": 0.0625, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": 0.068522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-10", "end": "2026-06-05", "tenure": "Developing", "return": -0.003607, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.016878, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-07-10", "tenure": "New", "return": -0.058515, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.084071, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.883286, "volume": 5342429, "typical_volume": 10460455.7, "trend": 4.523551, "fair_value": 4.269151, "relative_strength": -0.662117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.677851, "energy": 60.423974, "activity_lines": [ 4.895006, 4.73661, 4.580709, 4.561578 ] }, { "date": "2023-08-25", "close": 4.990835, "volume": 5937065, "typical_volume": 10114993.3, "trend": 4.548297, "fair_value": 4.284803, "relative_strength": -0.195428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.181592, "energy": 61.205077, "activity_lines": [ 4.944529, 4.802156, 4.62932, 4.591725 ] }, { "date": "2023-09-01", "close": 4.902761, "volume": 15867336, "typical_volume": 10312885.55, "trend": 4.569456, "fair_value": 4.300204, "relative_strength": -5.390332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.779552, "energy": 50.064226, "activity_lines": [ 4.939944, 4.846182, 4.666427, 4.614594 ] }, { "date": "2023-09-08", "close": 4.981049, "volume": 8407718, "typical_volume": 10082378.8, "trend": 4.595829, "fair_value": 4.317296, "relative_strength": -2.571253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.004973, "energy": 42.534066, "activity_lines": [ 4.951041, 4.892368, 4.70806, 4.641148 ] }, { "date": "2023-09-15", "close": 5.206126, "volume": 17707717, "typical_volume": 10438122.65, "trend": 4.626123, "fair_value": 4.335079, "relative_strength": 2.30288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.785465, "energy": 50.195105, "activity_lines": [ 5.035204, 4.967577, 4.769175, 4.680522 ] }, { "date": "2023-09-22", "close": 5.088695, "volume": 13874980, "typical_volume": 10232523.4, "trend": 4.65934, "fair_value": 4.353049, "relative_strength": 3.276939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.66138, "energy": 44.675658, "activity_lines": [ 5.067166, 5.005089, 4.815384, 4.710365 ] }, { "date": "2023-09-29", "close": 5.166982, "volume": 8786894, "typical_volume": 10169902.35, "trend": 4.660983, "fair_value": 4.369956, "relative_strength": 4.342226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.328482, "energy": 53.163544, "activity_lines": [ 5.111528, 5.046708, 4.864209, 4.743117 ] }, { "date": "2023-10-06", "close": 5.411631, "volume": 10632681, "typical_volume": 10189064.2, "trend": 4.680548, "fair_value": 4.387868, "relative_strength": 7.251876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.592016, "energy": 68.807534, "activity_lines": [ 5.225698, 5.122855, 4.930938, 4.791545 ] }, { "date": "2023-10-13", "close": 5.685638, "volume": 19132613, "typical_volume": 10255315.85, "trend": 4.70241, "fair_value": 4.406534, "relative_strength": 12.152275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.907165, "energy": 76.654972, "activity_lines": [ 5.397278, 5.23673, 5.019572, 4.85639 ] }, { "date": "2023-10-20", "close": 5.705209, "volume": 10258922, "typical_volume": 10339913.05, "trend": 4.728505, "fair_value": 4.426515, "relative_strength": 15.421634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.55842, "energy": 80.25898, "activity_lines": [ 5.52841, 5.340818, 5.103413, 4.921087 ] }, { "date": "2023-10-27", "close": 5.646494, "volume": 12433640, "typical_volume": 10398756.4, "trend": 4.746458, "fair_value": 4.444242, "relative_strength": 16.914223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.431948, "energy": 78.484887, "activity_lines": [ 5.606698, 5.421595, 5.174074, 4.980312 ] }, { "date": "2023-11-03", "close": 5.979216, "volume": 17439288, "typical_volume": 10719533.25, "trend": 4.80122, "fair_value": 4.462786, "relative_strength": 15.931838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.476757, "energy": 82.73264, "activity_lines": [ 5.758706, 5.54899, 5.271672, 5.059845 ] }, { "date": "2023-11-10", "close": 6.165149, "volume": 9937128, "typical_volume": 10525931.8, "trend": 4.863807, "fair_value": 4.479643, "relative_strength": 15.777403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.268195, "energy": 84.99819, "activity_lines": [ 5.918543, 5.692221, 5.380829, 5.14784 ] }, { "date": "2023-11-17", "close": 6.32177, "volume": 10090233, "typical_volume": 10482583.0, "trend": 4.922174, "fair_value": 4.496126, "relative_strength": 15.932131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.198844, "energy": 86.138197, "activity_lines": [ 6.080353, 5.840976, 5.495728, 5.241902 ] }, { "date": "2023-11-24", "close": 6.537396, "volume": 7763340, "typical_volume": 10490510.45, "trend": 4.992612, "fair_value": 4.512051, "relative_strength": 18.301033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.248113, "energy": 90.970118, "activity_lines": [ 6.271629, 6.004558, 5.621663, 5.34611 ] }, { "date": "2023-12-01", "close": 6.292367, "volume": 11963017, "typical_volume": 10615936.9, "trend": 5.066602, "fair_value": 4.524465, "relative_strength": 13.580521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.174936, "energy": 81.407642, "activity_lines": [ 6.32575, 6.099385, 5.713641, 5.429965 ] }, { "date": "2023-12-08", "close": 6.262963, "volume": 9471617, "typical_volume": 10822282.95, "trend": 5.140914, "fair_value": 4.537754, "relative_strength": 12.358882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.123733, "energy": 65.440171, "activity_lines": [ 6.327011, 6.166981, 5.794434, 5.50715 ] }, { "date": "2023-12-15", "close": 6.027734, "volume": 17460848, "typical_volume": 11395688.45, "trend": 5.190783, "fair_value": 4.549848, "relative_strength": 4.540304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.673743, "energy": 54.834045, "activity_lines": [ 6.230946, 6.171881, 5.844999, 5.564364 ] }, { "date": "2023-12-22", "close": 6.547198, "volume": 12637441, "typical_volume": 11572942.0, "trend": 5.266105, "fair_value": 4.565836, "relative_strength": 12.185402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.928474, "energy": 55.001223, "activity_lines": [ 6.317196, 6.260028, 5.938936, 5.651875 ] }, { "date": "2023-12-29", "close": 7.076462, "volume": 11089622, "typical_volume": 11811726.45, "trend": 5.36493, "fair_value": 4.586155, "relative_strength": 20.31014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.07642, "energy": 63.617648, "activity_lines": [ 6.56484, 6.428739, 6.075682, 5.768672 ] }, { "date": "2024-01-05", "close": 6.537396, "volume": 9985913, "typical_volume": 12043900.65, "trend": 5.42788, "fair_value": 4.603207, "relative_strength": 14.445729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.916904, "energy": 53.469226, "activity_lines": [ 6.596857, 6.474507, 6.151248, 5.844315 ] }, { "date": "2024-01-12", "close": 6.596204, "volume": 8012115, "typical_volume": 12147653.15, "trend": 5.491488, "fair_value": 4.6217, "relative_strength": 11.643425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.967297, "energy": 56.188517, "activity_lines": [ 6.632141, 6.514768, 6.224539, 5.919691 ] }, { "date": "2024-01-19", "close": 6.81183, "volume": 8017998, "typical_volume": 11755186.25, "trend": 5.577259, "fair_value": 4.641199, "relative_strength": 11.868813, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.108149, "energy": 57.599861, "activity_lines": [ 6.717085, 6.583017, 6.31072, 6.004874 ] }, { "date": "2024-01-26", "close": 7.115667, "volume": 13831043, "typical_volume": 12026352.5, "trend": 5.670228, "fair_value": 4.664587, "relative_strength": 15.771494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.278476, "energy": 57.861752, "activity_lines": [ 6.851035, 6.69475, 6.416748, 6.104126 ] }, { "date": "2024-02-02", "close": 7.066661, "volume": 9538130, "typical_volume": 11617873.15, "trend": 5.762215, "fair_value": 4.684625, "relative_strength": 13.214812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.915478, "energy": 62.035463, "activity_lines": [ 6.930751, 6.783139, 6.507944, 6.194218 ] }, { "date": "2024-02-09", "close": 7.350895, "volume": 10446293, "typical_volume": 11446438.8, "trend": 5.856189, "fair_value": 4.702509, "relative_strength": 15.184473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.83478, "energy": 69.651298, "activity_lines": [ 7.105866, 6.913584, 6.61735, 6.296714 ] }, { "date": "2024-02-16", "close": 7.30189, "volume": 22522487, "typical_volume": 12133218.45, "trend": 5.945599, "fair_value": 4.719202, "relative_strength": 15.743575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.532877, "energy": 62.081337, "activity_lines": [ 7.210412, 7.015873, 6.711316, 6.389985 ] }, { "date": "2024-02-23", "close": 6.939245, "volume": 11772804, "typical_volume": 12190224.6, "trend": 6.018688, "fair_value": 4.735637, "relative_strength": 8.180174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.673697, "energy": 51.132268, "activity_lines": [ 7.147031, 7.033337, 6.760579, 6.454091 ] }, { "date": "2024-03-01", "close": 6.958848, "volume": 17510455, "typical_volume": 12109116.7, "trend": 6.085595, "fair_value": 4.753011, "relative_strength": 6.556329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.01433, "energy": 44.82331, "activity_lines": [ 7.081689, 7.037792, 6.804434, 6.514747 ] }, { "date": "2024-03-08", "close": 8.34125, "volume": 60315470, "typical_volume": 14611944.1, "trend": 6.196628, "fair_value": 4.77787, "relative_strength": 29.27432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.91709, "energy": 58.771423, "activity_lines": [ 7.487603, 7.286108, 6.973883, 6.660273 ] }, { "date": "2024-03-15", "close": 8.203864, "volume": 101670369, "typical_volume": 19073780.55, "trend": 6.307314, "fair_value": 4.802411, "relative_strength": 28.249956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.835805, "energy": 60.375513, "activity_lines": [ 7.76275, 7.486449, 7.117696, 6.789772 ] }, { "date": "2024-03-22", "close": 8.056666, "volume": 23102501, "typical_volume": 19356941.2, "trend": 6.409509, "fair_value": 4.825821, "relative_strength": 21.937653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.131769, "energy": 72.60461, "activity_lines": [ 7.931965, 7.629728, 7.235312, 6.902633 ] }, { "date": "2024-03-29", "close": 7.624883, "volume": 13136799, "typical_volume": 19516924.75, "trend": 6.500246, "fair_value": 4.843145, "relative_strength": 15.845412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.540414, "energy": 70.750135, "activity_lines": [ 7.906935, 7.667946, 7.301913, 6.981044 ] }, { "date": "2024-04-05", "close": 7.97816, "volume": 18766947, "typical_volume": 19950760.45, "trend": 6.60015, "fair_value": 4.858664, "relative_strength": 21.495375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.087201, "energy": 54.707398, "activity_lines": [ 7.953954, 7.755614, 7.395208, 7.076394 ] }, { "date": "2024-04-12", "close": 7.605257, "volume": 14778412, "typical_volume": 20301514.05, "trend": 6.680121, "fair_value": 4.870353, "relative_strength": 15.829544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.665493, "energy": 41.171556, "activity_lines": [ 7.808718, 7.759799, 7.445101, 7.141239 ] }, { "date": "2024-04-19", "close": 7.566004, "volume": 14442945, "typical_volume": 20425510.45, "trend": 6.762698, "fair_value": 4.88348, "relative_strength": 21.217847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.840036, "energy": 28.128672, "activity_lines": [ 7.699464, 7.747056, 7.486171, 7.198393 ] }, { "date": "2024-04-26", "close": 8.144985, "volume": 17496054, "typical_volume": 20826732.3, "trend": 6.861964, "fair_value": 4.90251, "relative_strength": 24.732469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.563106, "energy": 34.940936, "activity_lines": [ 7.825728, 7.83567, 7.576317, 7.287573 ] }, { "date": "2024-05-03", "close": 8.066479, "volume": 22522935, "typical_volume": 21079836.65, "trend": 6.950459, "fair_value": 4.919597, "relative_strength": 21.361952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.25111, "energy": 35.312809, "activity_lines": [ 7.919935, 7.894681, 7.650024, 7.365284 ] }, { "date": "2024-05-10", "close": 8.488448, "volume": 16424325, "typical_volume": 21269180.85, "trend": 7.043886, "fair_value": 4.939327, "relative_strength": 24.754974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.052498, "energy": 46.018429, "activity_lines": [ 8.125358, 8.009919, 7.75421, 7.464509 ] }, { "date": "2024-05-17", "close": 8.753405, "volume": 13907036, "typical_volume": 21410051.55, "trend": 7.145493, "fair_value": 4.961443, "relative_strength": 24.978007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.687324, "energy": 69.841867, "activity_lines": [ 8.385082, 8.14552, 7.874386, 7.5748 ] }, { "date": "2024-05-24", "close": 8.517337, "volume": 11864320, "typical_volume": 21503971.9, "trend": 7.241188, "fair_value": 4.979104, "relative_strength": 19.0467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.448558, "energy": 65.895272, "activity_lines": [ 8.489573, 8.230706, 7.964094, 7.663306 ] }, { "date": "2024-05-31", "close": 8.527172, "volume": 13256843, "typical_volume": 21766208.3, "trend": 7.326119, "fair_value": 4.99545, "relative_strength": 20.027778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.122246, "energy": 63.750208, "activity_lines": [ 8.53392, 8.31198, 8.045311, 7.746273 ] }, { "date": "2024-06-07", "close": 7.976398, "volume": 13373186, "typical_volume": 22033967.7, "trend": 7.386494, "fair_value": 5.006888, "relative_strength": 8.769812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.058355, "energy": 43.895304, "activity_lines": [ 8.369196, 8.284559, 8.064877, 7.788226 ] }, { "date": "2024-06-14", "close": 7.809198, "volume": 11212551, "typical_volume": 21903043.1, "trend": 7.436075, "fair_value": 5.021763, "relative_strength": 2.451378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.439677, "energy": 23.547342, "activity_lines": [ 8.154745, 8.220347, 8.062975, 7.815498 ] }, { "date": "2024-06-21", "close": 8.005903, "volume": 11936573, "typical_volume": 22022965.25, "trend": 7.485026, "fair_value": 5.035769, "relative_strength": 4.195787, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.196358, "energy": 19.156004, "activity_lines": [ 8.051145, 8.194972, 8.076503, 7.852261 ] }, { "date": "2024-06-28", "close": 8.163268, "volume": 20262109, "typical_volume": 22513756.05, "trend": 7.547389, "fair_value": 5.052224, "relative_strength": 5.645373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.37377, "energy": 20.641694, "activity_lines": [ 8.049834, 8.190924, 8.100547, 7.896018 ] }, { "date": "2024-07-05", "close": 8.566513, "volume": 8017418, "typical_volume": 21788502.6, "trend": 7.624174, "fair_value": 5.072266, "relative_strength": 6.366308, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.29045, "energy": 22.649582, "activity_lines": [ 8.206543, 8.249333, 8.159126, 7.961768 ] }, { "date": "2024-07-12", "close": 8.959924, "volume": 12557596, "typical_volume": 21827742.2, "trend": 7.721914, "fair_value": 5.09602, "relative_strength": 10.755875, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.816444, "energy": 48.427513, "activity_lines": [ 8.491765, 8.371608, 8.24915, 8.047946 ] }, { "date": "2024-07-19", "close": 9.392675, "volume": 15575485, "typical_volume": 21730993.7, "trend": 7.816763, "fair_value": 5.122922, "relative_strength": 19.848259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.73016, "energy": 75.807645, "activity_lines": [ 8.85567, 8.556321, 8.370767, 8.155737 ] }, { "date": "2024-07-26", "close": 9.294323, "volume": 14055412, "typical_volume": 19417990.8, "trend": 7.890692, "fair_value": 5.149007, "relative_strength": 20.665195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.576124, "energy": 81.188373, "activity_lines": [ 9.081225, 8.706711, 8.471428, 8.251063 ] }, { "date": "2024-08-02", "close": 8.487831, "volume": 15517462, "typical_volume": 15110345.45, "trend": 7.955706, "fair_value": 5.167856, "relative_strength": 12.966744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.44263, "energy": 69.086163, "activity_lines": [ 8.952056, 8.70063, 8.490741, 8.289588 ] }, { "date": "2024-08-09", "close": 8.969759, "volume": 12601075, "typical_volume": 14585274.15, "trend": 8.034825, "fair_value": 5.19017, "relative_strength": 18.107946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.133105, "energy": 55.731753, "activity_lines": [ 8.961891, 8.78271, 8.5546, 8.355011 ] }, { "date": "2024-08-16", "close": 9.19597, "volume": 12449899, "typical_volume": 14550929.15, "trend": 8.114296, "fair_value": 5.216375, "relative_strength": 14.078436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.04124, "energy": 44.358225, "activity_lines": [ 9.020247, 8.897872, 8.635654, 8.429924 ] }, { "date": "2024-08-23", "close": 9.560247, "volume": 12860284, "typical_volume": 14255596.0, "trend": 8.195782, "fair_value": 5.244665, "relative_strength": 16.562024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.230252, "energy": 48.235441, "activity_lines": [ 9.184292, 9.057092, 8.743921, 8.523211 ] }, { "date": "2024-08-30", "close": 9.737653, "volume": 11832504, "typical_volume": 14108300.6, "trend": 8.284815, "fair_value": 5.274781, "relative_strength": 18.670293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.99682, "energy": 64.002337, "activity_lines": [ 9.396301, 9.216731, 8.861549, 8.622686 ] }, { "date": "2024-09-06", "close": 9.353272, "volume": 12593885, "typical_volume": 14015847.6, "trend": 8.351561, "fair_value": 5.302872, "relative_strength": 20.003292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.111232, "energy": 64.024184, "activity_lines": [ 9.450627, 9.274995, 8.932415, 8.691619 ] }, { "date": "2024-09-13", "close": 9.451832, "volume": 12402582, "typical_volume": 13761174.0, "trend": 8.423226, "fair_value": 5.331656, "relative_strength": 13.745171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.79547, "energy": 56.983615, "activity_lines": [ 9.480111, 9.329544, 9.004158, 8.762604 ] }, { "date": "2024-09-20", "close": 9.619382, "volume": 18134277, "typical_volume": 13541741.1, "trend": 8.512564, "fair_value": 5.36139, "relative_strength": 13.354079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.42068, "energy": 49.267455, "activity_lines": [ 9.533307, 9.398459, 9.085634, 8.839776 ] }, { "date": "2024-09-27", "close": 9.156154, "volume": 14223745, "typical_volume": 13431712.1, "trend": 8.585807, "fair_value": 5.386151, "relative_strength": 6.292585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.233455, "energy": 34.063477, "activity_lines": [ 9.403866, 9.371161, 9.115599, 8.881298 ] }, { "date": "2024-10-04", "close": 9.629238, "volume": 14531895, "typical_volume": 13462955.05, "trend": 8.62874, "fair_value": 5.413756, "relative_strength": 11.072117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.081117, "energy": 35.47319, "activity_lines": [ 9.459059, 9.434178, 9.187439, 8.948616 ] }, { "date": "2024-10-11", "close": 9.146298, "volume": 13086638, "typical_volume": 13524070.95, "trend": 8.660154, "fair_value": 5.437765, "relative_strength": 3.887872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.301184, "energy": 24.253458, "activity_lines": [ 9.3605, 9.403299, 9.209115, 8.982007 ] }, { "date": "2024-10-18", "close": 9.195578, "volume": 14682765, "typical_volume": 13595367.05, "trend": 8.698118, "fair_value": 5.462152, "relative_strength": 3.944587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.776334, "energy": 18.319508, "activity_lines": [ 9.292166, 9.369407, 9.232489, 9.01655 ] }, { "date": "2024-10-25", "close": 9.028027, "volume": 14883960, "typical_volume": 13670905.75, "trend": 8.74489, "fair_value": 5.486405, "relative_strength": 1.682844, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.976155, "energy": 14.807536, "activity_lines": [ 9.185065, 9.300946, 9.236723, 9.037835 ] }, { "date": "2024-11-01", "close": 9.777077, "volume": 16700871, "typical_volume": 13945321.75, "trend": 8.804854, "fair_value": 5.516899, "relative_strength": 11.461083, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.706349, "energy": 22.495798, "activity_lines": [ 9.367071, 9.37173, 9.307287, 9.104427 ] }, { "date": "2024-11-08", "close": 11.304745, "volume": 21620814, "typical_volume": 14429533.8, "trend": 8.92817, "fair_value": 5.558062, "relative_strength": 21.456986, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.016448, "energy": 70.409216, "activity_lines": [ 10.016905, 9.716329, 9.513973, 9.265711 ] }, { "date": "2024-11-15", "close": 10.250162, "volume": 17263710, "typical_volume": 14279613.85, "trend": 9.017642, "fair_value": 5.594656, "relative_strength": 13.522314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.006158, "energy": 65.334362, "activity_lines": [ 10.20351, 9.840693, 9.604513, 9.351 ] }, { "date": "2024-11-22", "close": 9.480313, "volume": 25001296, "typical_volume": 15128807.75, "trend": 9.062153, "fair_value": 5.626691, "relative_strength": 2.881385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.249403, "energy": 57.983909, "activity_lines": [ 10.059909, 9.808777, 9.611797, 9.38085 ] }, { "date": "2024-11-29", "close": 9.618568, "volume": 15465646, "typical_volume": 15274210.25, "trend": 9.113889, "fair_value": 5.659362, "relative_strength": 3.286985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.267628, "energy": 45.797126, "activity_lines": [ 9.94341, 9.801481, 9.627897, 9.416748 ] }, { "date": "2024-12-06", "close": 9.184053, "volume": 12452884, "typical_volume": 15118080.2, "trend": 9.137076, "fair_value": 5.68956, "relative_strength": -4.651717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.819807, "energy": 13.43582, "activity_lines": [ 9.642703, 9.715197, 9.599477, 9.421275 ] }, { "date": "2024-12-13", "close": 8.927295, "volume": 13783147, "typical_volume": 15104466.95, "trend": 9.142872, "fair_value": 5.718489, "relative_strength": -8.203831, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.110849, "energy": 17.352768, "activity_lines": [ 9.295945, 9.581722, 9.547598, 9.40774 ] }, { "date": "2024-12-20", "close": 8.64091, "volume": 20038776, "typical_volume": 15330532.65, "trend": 9.146991, "fair_value": 5.744955, "relative_strength": -9.167607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.431016, "energy": 27.022691, "activity_lines": [ 9.012223, 9.40894, 9.470192, 9.375356 ] }, { "date": "2024-12-27", "close": 8.986547, "volume": 9676849, "typical_volume": 15184321.35, "trend": 9.162304, "fair_value": 5.773449, "relative_strength": -6.370609, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.729417, "energy": 25.734361, "activity_lines": [ 8.950996, 9.30819, 9.424975, 9.365004 ] }, { "date": "2025-01-03", "close": 9.38156, "volume": 10494789, "typical_volume": 15086565.85, "trend": 9.209143, "fair_value": 5.804851, "relative_strength": -1.660931, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.29336, "energy": 24.224281, "activity_lines": [ 9.054357, 9.283061, 9.417298, 9.37915 ] }, { "date": "2025-01-10", "close": 9.351934, "volume": 11942557, "typical_volume": 15040679.5, "trend": 9.260567, "fair_value": 5.837378, "relative_strength": -0.003947, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.207903, "energy": 12.671179, "activity_lines": [ 9.163644, 9.246117, 9.405916, 9.388362 ] }, { "date": "2025-01-17", "close": 9.203804, "volume": 12552990, "typical_volume": 15076703.8, "trend": 9.300497, "fair_value": 5.870082, "relative_strength": -4.468945, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.211787, "energy": 5.671199, "activity_lines": [ 9.212363, 9.189971, 9.381419, 9.3847 ] }, { "date": "2025-01-24", "close": 9.361809, "volume": 8101401, "typical_volume": 14852079.6, "trend": 9.340448, "fair_value": 5.904175, "relative_strength": -4.35488, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.418629, "energy": 5.383034, "activity_lines": [ 9.295315, 9.200752, 9.374511, 9.388656 ] }, { "date": "2025-01-31", "close": 9.421061, "volume": 11352124, "typical_volume": 14799556.7, "trend": 9.368933, "fair_value": 5.937458, "relative_strength": -2.545775, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.14241, "energy": 4.527437, "activity_lines": [ 9.349959, 9.238457, 9.373206, 9.393857 ] }, { "date": "2025-02-07", "close": 9.430936, "volume": 13148201, "typical_volume": 14550252.9, "trend": 9.384634, "fair_value": 5.971305, "relative_strength": -2.674017, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.601529, "energy": 5.546637, "activity_lines": [ 9.378926, 9.279036, 9.372988, 9.397857 ] }, { "date": "2025-02-14", "close": 9.223554, "volume": 15077457, "typical_volume": 14592938.5, "trend": 9.378996, "fair_value": 6.001005, "relative_strength": -7.515689, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.936911, "energy": 4.796365, "activity_lines": [ 9.335475, 9.28532, 9.353917, 9.387465 ] }, { "date": "2025-02-21", "close": 9.114926, "volume": 11873588, "typical_volume": 14460023.15, "trend": 9.373017, "fair_value": 6.030322, "relative_strength": -6.638268, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.875667, "energy": 18.300658, "activity_lines": [ 9.264372, 9.271136, 9.324179, 9.370428 ] }, { "date": "2025-02-28", "close": 9.776573, "volume": 21750363, "typical_volume": 14893209.4, "trend": 9.415975, "fair_value": 6.06532, "relative_strength": 3.290302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.229521, "energy": 9.548569, "activity_lines": [ 9.419744, 9.373839, 9.359904, 9.396464 ] }, { "date": "2025-03-07", "close": 9.223303, "volume": 17220640, "typical_volume": 15020103.15, "trend": 9.424426, "fair_value": 6.097774, "relative_strength": 0.727757, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.754433, "energy": 8.796204, "activity_lines": [ 9.363042, 9.355299, 9.339936, 9.384033 ] }, { "date": "2025-03-14", "close": 8.718595, "volume": 12803643, "typical_volume": 14916087.3, "trend": 9.408514, "fair_value": 6.124989, "relative_strength": -2.291314, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.854483, "energy": 32.440325, "activity_lines": [ 9.151287, 9.24069, 9.271768, 9.338496 ] }, { "date": "2025-03-21", "close": 9.252992, "volume": 17661127, "typical_volume": 14964100.1, "trend": 9.398272, "fair_value": 6.155817, "relative_strength": 3.324461, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.036506, "energy": 22.981508, "activity_lines": [ 9.165155, 9.235298, 9.255968, 9.328462 ] }, { "date": "2025-03-28", "close": 9.084756, "volume": 10020007, "typical_volume": 14384059.75, "trend": 9.376508, "fair_value": 6.186694, "relative_strength": 3.644686, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.002053, "energy": 34.59451, "activity_lines": [ 9.120981, 9.201116, 9.226642, 9.308235 ] }, { "date": "2025-04-04", "close": 7.709177, "volume": 15795179, "typical_volume": 14310633.2, "trend": 9.321705, "fair_value": 6.211507, "relative_strength": -2.422352, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.750307, "energy": 68.247604, "activity_lines": [ 8.620292, 8.918994, 9.07688, 9.200666 ] }, { "date": "2025-04-11", "close": 8.233679, "volume": 17047126, "typical_volume": 13912924.7, "trend": 9.2811, "fair_value": 6.239933, "relative_strength": -3.126748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.659511, "energy": 62.051035, "activity_lines": [ 8.432263, 8.762283, 8.98917, 9.13047 ] }, { "date": "2025-04-18", "close": 8.372226, "volume": 11232428, "typical_volume": 13701263.8, "trend": 9.239528, "fair_value": 6.270312, "relative_strength": 0.736693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.505721, "energy": 62.495479, "activity_lines": [ 8.356392, 8.652352, 8.920591, 9.071833 ] }, { "date": "2025-04-25", "close": 8.936312, "volume": 12952068, "typical_volume": 13726223.0, "trend": 9.2322, "fair_value": 6.30487, "relative_strength": 1.058893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.601028, "energy": 52.941156, "activity_lines": [ 8.491641, 8.664231, 8.91167, 9.052271 ] }, { "date": "2025-05-02", "close": 9.262888, "volume": 14669219, "typical_volume": 13770526.6, "trend": 9.219989, "fair_value": 6.342648, "relative_strength": 1.232952, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.204163, "energy": 16.789567, "activity_lines": [ 8.75686, 8.74071, 8.935031, 9.054251 ] }, { "date": "2025-05-09", "close": 9.07486, "volume": 14456477, "typical_volume": 13491411.65, "trend": 9.217607, "fair_value": 6.380473, "relative_strength": -0.573487, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.145405, "energy": 15.629417, "activity_lines": [ 8.947528, 8.780311, 8.938886, 9.044888 ] }, { "date": "2025-05-16", "close": 9.114445, "volume": 9713568, "typical_volume": 13493247.6, "trend": 9.214903, "fair_value": 6.419178, "relative_strength": -6.367953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.991308, "energy": 16.950107, "activity_lines": [ 9.060345, 8.839869, 8.944445, 9.038232 ] }, { "date": "2025-05-23", "close": 9.2332, "volume": 17236159, "typical_volume": 13830316.1, "trend": 9.221742, "fair_value": 6.457706, "relative_strength": -2.804426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.850695, "energy": 15.512396, "activity_lines": [ 9.15403, 8.922997, 8.960706, 9.039412 ] }, { "date": "2025-05-30", "close": 9.203032, "volume": 8605365, "typical_volume": 13663456.5, "trend": 9.202607, "fair_value": 6.497166, "relative_strength": -4.835853, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.849708, "energy": 10.629133, "activity_lines": [ 9.18026, 8.991284, 8.974799, 9.038205 ] }, { "date": "2025-06-06", "close": 9.560046, "volume": 11905102, "typical_volume": 13631062.1, "trend": 9.144451, "fair_value": 6.538477, "relative_strength": -3.23133, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.084653, "energy": 21.154675, "activity_lines": [ 9.307714, 9.125391, 9.023603, 9.061266 ] }, { "date": "2025-06-13", "close": 9.371622, "volume": 12127504, "typical_volume": 13832367.25, "trend": 9.115166, "fair_value": 6.578455, "relative_strength": -4.742194, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.493083, "energy": 23.366094, "activity_lines": [ 9.352549, 9.216598, 9.052765, 9.075922 ] }, { "date": "2025-06-20", "close": 9.351788, "volume": 12186893, "typical_volume": 13874105.7, "trend": 9.110882, "fair_value": 6.61649, "relative_strength": -5.015932, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.72165, "energy": 21.89676, "activity_lines": [ 9.370989, 9.273972, 9.079991, 9.091188 ] }, { "date": "2025-06-27", "close": 10.016231, "volume": 25198637, "typical_volume": 14476627.5, "trend": 9.124137, "fair_value": 6.658722, "relative_strength": -2.436521, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.417109, "energy": 52.854708, "activity_lines": [ 9.595086, 9.431824, 9.170828, 9.149598 ] }, { "date": "2025-07-04", "close": 10.760011, "volume": 12575103, "typical_volume": 14351509.8, "trend": 9.176669, "fair_value": 6.704157, "relative_strength": 3.06654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.78296, "energy": 73.694552, "activity_lines": [ 10.014909, 9.695019, 9.329714, 9.255138 ] }, { "date": "2025-07-11", "close": 10.244324, "volume": 13495555, "typical_volume": 14432608.15, "trend": 9.22057, "fair_value": 6.746473, "relative_strength": -1.543274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.839627, "energy": 73.037415, "activity_lines": [ 10.159037, 9.831294, 9.43217, 9.324019 ] }, { "date": "2025-07-18", "close": 10.075734, "volume": 11758780, "typical_volume": 13933029.0, "trend": 9.268397, "fair_value": 6.788022, "relative_strength": -4.193009, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.564094, "energy": 71.974633, "activity_lines": [ 10.20135, 9.919071, 9.513192, 9.379191 ] }, { "date": "2025-07-25", "close": 9.748471, "volume": 9570630, "typical_volume": 13550528.5, "trend": 9.293795, "fair_value": 6.827661, "relative_strength": -7.859826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.386885, "energy": 63.688689, "activity_lines": [ 10.087634, 9.929149, 9.561622, 9.410163 ] }, { "date": "2025-08-01", "close": 9.401373, "volume": 21539354, "typical_volume": 13987314.05, "trend": 9.294455, "fair_value": 6.862383, "relative_strength": -8.944918, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.130376, "energy": 25.205019, "activity_lines": [ 9.831774, 9.86459, 9.574494, 9.417104 ] }, { "date": "2025-08-08", "close": 10.085651, "volume": 13758340, "typical_volume": 13792174.7, "trend": 9.318913, "fair_value": 6.900489, "relative_strength": -5.590968, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.066628, "energy": 23.904376, "activity_lines": [ 9.844997, 9.921388, 9.649283, 9.468149 ] }, { "date": "2025-08-15", "close": 10.184821, "volume": 16725175, "typical_volume": 14127433.1, "trend": 9.351613, "fair_value": 6.939795, "relative_strength": -4.943883, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.598898, "energy": 24.604608, "activity_lines": [ 9.936234, 9.980169, 9.729553, 9.524014 ] }, { "date": "2025-08-22", "close": 10.076359, "volume": 9233202, "typical_volume": 13799334.25, "trend": 9.375432, "fair_value": 6.978656, "relative_strength": -4.83544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.922946, "energy": 26.056265, "activity_lines": [ 9.995283, 10.00787, 9.794254, 9.570772 ] }, { "date": "2025-08-29", "close": 9.74843, "volume": 7939107, "typical_volume": 13343933.3, "trend": 9.386344, "fair_value": 7.015477, "relative_strength": -7.345182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.036079, "energy": 26.882938, "activity_lines": [ 9.944982, 9.963135, 9.816452, 9.594836 ] }, { "date": "2025-09-05", "close": 9.877614, "volume": 9112708, "typical_volume": 13237947.3, "trend": 9.401233, "fair_value": 7.052438, "relative_strength": -6.668533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.965068, "energy": 26.510755, "activity_lines": [ 9.937744, 9.934675, 9.84374, 9.626531 ] }, { "date": "2025-09-12", "close": 10.106171, "volume": 13501528, "typical_volume": 13265420.3, "trend": 9.430654, "fair_value": 7.091553, "relative_strength": -5.961784, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.614299, "energy": 27.049618, "activity_lines": [ 9.974943, 9.950292, 9.885627, 9.672011 ] }, { "date": "2025-09-19", "close": 9.688807, "volume": 20509968, "typical_volume": 13557457.75, "trend": 9.449783, "fair_value": 7.130809, "relative_strength": -11.392852, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.768634, "energy": 15.131732, "activity_lines": [ 9.871652, 9.901913, 9.882194, 9.688666 ] }, { "date": "2025-09-26", "close": 9.410564, "volume": 13126727, "typical_volume": 13490970.25, "trend": 9.437583, "fair_value": 7.171475, "relative_strength": -13.264006, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.494294, "energy": 8.158569, "activity_lines": [ 9.708681, 9.813044, 9.850233, 9.686135 ] }, { "date": "2025-10-03", "close": 9.152196, "volume": 14864721, "typical_volume": 13748527.9, "trend": 9.435213, "fair_value": 7.205914, "relative_strength": -16.238549, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.906207, "energy": 15.892872, "activity_lines": [ 9.503974, 9.689293, 9.792067, 9.667723 ] }, { "date": "2025-10-10", "close": 8.784518, "volume": 13861277, "typical_volume": 13579783.8, "trend": 9.43741, "fair_value": 7.240125, "relative_strength": -17.410312, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.128595, "energy": 50.625271, "activity_lines": [ 9.216457, 9.509533, 9.698705, 9.625743 ] }, { "date": "2025-10-17", "close": 9.122384, "volume": 15172992, "typical_volume": 13908165.15, "trend": 9.433056, "fair_value": 7.275939, "relative_strength": -15.9614, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.657871, "energy": 50.134725, "activity_lines": [ 9.114434, 9.402418, 9.639657, 9.605419 ] }, { "date": "2025-10-24", "close": 9.370815, "volume": 12262579, "typical_volume": 13926039.0, "trend": 9.442592, "fair_value": 7.311091, "relative_strength": -15.230483, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.814991, "energy": 46.125002, "activity_lines": [ 9.160808, 9.357987, 9.604653, 9.601403 ] }, { "date": "2025-10-31", "close": 9.082635, "volume": 11595197, "typical_volume": 13899423.65, "trend": 9.488374, "fair_value": 7.345397, "relative_strength": -18.902182, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.245155, "energy": 45.389017, "activity_lines": [ 9.132321, 9.27596, 9.543105, 9.57818 ] }, { "date": "2025-11-07", "close": 9.191945, "volume": 20792128, "typical_volume": 14329685.4, "trend": 9.520316, "fair_value": 7.378902, "relative_strength": -14.676373, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.215152, "energy": 23.951343, "activity_lines": [ 9.162133, 9.231874, 9.493343, 9.559056 ] }, { "date": "2025-11-14", "close": 8.983263, "volume": 14113811, "typical_volume": 13775444.1, "trend": 9.540684, "fair_value": 7.411757, "relative_strength": -15.944202, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.317216, "energy": 35.056435, "activity_lines": [ 9.119734, 9.159965, 9.424468, 9.524407 ] }, { "date": "2025-11-21", "close": 8.476464, "volume": 13269791, "typical_volume": 13810178.5, "trend": 9.525355, "fair_value": 7.441302, "relative_strength": -17.757133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.978115, "energy": 57.886596, "activity_lines": [ 8.895153, 9.012171, 9.312245, 9.455748 ] }, { "date": "2025-11-28", "close": 8.665526, "volume": 13054686, "typical_volume": 13788135.05, "trend": 9.505443, "fair_value": 7.46874, "relative_strength": -19.443226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.91074, "energy": 60.518273, "activity_lines": [ 8.776653, 8.928383, 9.228902, 9.400275 ] }, { "date": "2025-12-05", "close": 8.755169, "volume": 10623983, "typical_volume": 13731395.2, "trend": 9.494787, "fair_value": 7.496752, "relative_strength": -19.103552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.539901, "energy": 63.31405, "activity_lines": [ 8.735054, 8.879499, 9.161614, 9.35187 ] }, { "date": "2025-12-12", "close": 8.944416, "volume": 15378057, "typical_volume": 14021766.55, "trend": 9.489119, "fair_value": 7.529171, "relative_strength": -15.537888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.643411, "energy": 54.961076, "activity_lines": [ 8.778368, 8.87694, 9.118639, 9.316363 ] }, { "date": "2025-12-19", "close": 8.974297, "volume": 19216635, "typical_volume": 13905630.6, "trend": 9.480489, "fair_value": 7.56272, "relative_strength": -15.519218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.90024, "energy": 35.600779, "activity_lines": [ 8.848145, 8.883592, 9.082338, 9.283148 ] }, { "date": "2025-12-26", "close": 9.05398, "volume": 6465860, "typical_volume": 13541006.6, "trend": 9.475521, "fair_value": 7.597156, "relative_strength": -15.55041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.082634, "energy": 23.353113, "activity_lines": [ 8.94508, 8.901281, 9.05566, 9.255631 ] }, { "date": "2026-01-02", "close": 8.904575, "volume": 7405083, "typical_volume": 13075002.0, "trend": 9.453672, "fair_value": 7.629132, "relative_strength": -15.137596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.929553, "energy": 19.805018, "activity_lines": [ 8.953712, 8.893049, 9.019665, 9.218796 ] }, { "date": "2026-01-09", "close": 8.655565, "volume": 9357376, "typical_volume": 13081210.7, "trend": 9.429803, "fair_value": 7.658447, "relative_strength": -18.861511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.040835, "energy": 27.277951, "activity_lines": [ 8.863405, 8.848019, 8.966052, 9.167305 ] }, { "date": "2026-01-16", "close": 9.004179, "volume": 8251213, "typical_volume": 13096816.0, "trend": 9.418216, "fair_value": 7.689996, "relative_strength": -14.548908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.466842, "energy": 22.14295, "activity_lines": [ 8.895942, 8.874139, 8.952405, 9.139846 ] }, { "date": "2026-01-23", "close": 8.874694, "volume": 7183227, "typical_volume": 13000341.95, "trend": 9.380165, "fair_value": 7.719652, "relative_strength": -15.639161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.269069, "energy": 24.043121, "activity_lines": [ 8.881334, 8.88013, 8.929971, 9.10478 ] }, { "date": "2026-01-30", "close": 9.073901, "volume": 11185082, "typical_volume": 12884519.65, "trend": 9.323961, "fair_value": 7.750459, "relative_strength": -13.278464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.596471, "energy": 19.074373, "activity_lines": [ 8.939768, 8.924314, 8.931284, 9.085021 ] }, { "date": "2026-02-06", "close": 8.924496, "volume": 14080448, "typical_volume": 12563043.65, "trend": 9.279967, "fair_value": 7.780809, "relative_strength": -12.648591, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.893559, "energy": 11.318564, "activity_lines": [ 8.947073, 8.930472, 8.923285, 9.059249 ] }, { "date": "2026-02-13", "close": 9.173505, "volume": 16926591, "typical_volume": 12753036.85, "trend": 9.249893, "fair_value": 7.812067, "relative_strength": -8.850631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.1782, "energy": 8.622764, "activity_lines": [ 9.036052, 8.977195, 8.942639, 9.05238 ] }, { "date": "2026-02-20", "close": 9.561959, "volume": 9183210, "typical_volume": 12468961.3, "trend": 9.243676, "fair_value": 7.847129, "relative_strength": -5.881339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.186924, "energy": 17.118773, "activity_lines": [ 9.219987, 9.08694, 9.000119, 9.072514 ] }, { "date": "2026-02-27", "close": 9.482276, "volume": 10064285, "typical_volume": 12279111.7, "trend": 9.246372, "fair_value": 7.875108, "relative_strength": -6.029075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.638192, "energy": 35.79093, "activity_lines": [ 9.340175, 9.170969, 9.048058, 9.087907 ] }, { "date": "2026-03-06", "close": 9.322311, "volume": 10405824, "typical_volume": 12040753.3, "trend": 9.220928, "fair_value": 7.903938, "relative_strength": -6.093694, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.278308, "energy": 34.54733, "activity_lines": [ 9.366536, 9.216678, 9.07744, 9.092807 ] }, { "date": "2026-03-13", "close": 9.551875, "volume": 17123371, "typical_volume": 12283792.9, "trend": 9.19983, "fair_value": 7.932926, "relative_strength": -2.557252, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.639532, "energy": 45.712902, "activity_lines": [ 9.452858, 9.299247, 9.127733, 9.114158 ] }, { "date": "2026-03-20", "close": 9.372216, "volume": 14639336, "typical_volume": 12435999.85, "trend": 9.176358, "fair_value": 7.961451, "relative_strength": -2.105522, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.333753, "energy": 27.77969, "activity_lines": [ 9.437468, 9.337382, 9.160053, 9.12528 ] }, { "date": "2026-03-27", "close": 9.382197, "volume": 10675493, "typical_volume": 11930168.1, "trend": 9.16415, "fair_value": 7.98885, "relative_strength": 1.596712, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.6423, "energy": 18.430131, "activity_lines": [ 9.412158, 9.364301, 9.191945, 9.13856 ] }, { "date": "2026-04-03", "close": 9.961098, "volume": 7893810, "typical_volume": 11619168.05, "trend": 9.166933, "fair_value": 8.024906, "relative_strength": 3.893138, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.19222, "energy": 43.046206, "activity_lines": [ 9.591799, 9.489602, 9.278065, 9.189976 ] }, { "date": "2026-04-10", "close": 10.899318, "volume": 13331365, "typical_volume": 11622246.75, "trend": 9.193371, "fair_value": 8.06729, "relative_strength": 8.872411, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.938957, "energy": 71.934591, "activity_lines": [ 10.052259, 9.765735, 9.448882, 9.301742 ] }, { "date": "2026-04-17", "close": 11.787633, "volume": 15550445, "typical_volume": 11747034.7, "trend": 9.263332, "fair_value": 8.113552, "relative_strength": 10.990904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.763444, "energy": 89.712521, "activity_lines": [ 10.703689, 10.170191, 9.692764, 9.469114 ] }, { "date": "2026-04-24", "close": 11.248655, "volume": 13578903, "typical_volume": 11894780.7, "trend": 9.324602, "fair_value": 8.157298, "relative_strength": 3.880998, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.635427, "energy": 87.574495, "activity_lines": [ 11.02641, 10.424594, 9.870447, 9.597199 ] }, { "date": "2026-05-01", "close": 11.248655, "volume": 14593143, "typical_volume": 11855535.0, "trend": 9.394484, "fair_value": 8.203298, "relative_strength": 2.580691, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.320776, "energy": 86.548614, "activity_lines": [ 11.224035, 10.641267, 10.036256, 9.721332 ] }, { "date": "2026-05-08", "close": 11.368428, "volume": 17759827, "typical_volume": 11782694.6, "trend": 9.480614, "fair_value": 8.250316, "relative_strength": -1.419496, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.310881, "energy": 83.833481, "activity_lines": [ 11.337154, 10.84905, 10.2025, 9.848683 ] }, { "date": "2026-05-15", "close": 11.168807, "volume": 15826276, "typical_volume": 12250715.4, "trend": 9.548828, "fair_value": 8.292861, "relative_strength": -2.629896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.45858, "energy": 60.624552, "activity_lines": [ 11.28991, 10.986244, 10.338331, 9.957599 ] }, { "date": "2026-05-22", "close": 11.168807, "volume": 16181584, "typical_volume": 12689540.45, "trend": 9.608761, "fair_value": 8.336972, "relative_strength": -3.496277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.684315, "energy": 54.126309, "activity_lines": [ 11.224701, 11.089866, 10.464092, 10.062113 ] }, { "date": "2026-05-29", "close": 10.45, "volume": 12724316, "typical_volume": 12857887.45, "trend": 9.65434, "fair_value": 8.377602, "relative_strength": -11.864704, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.49995, "energy": 37.665957, "activity_lines": [ 10.961144, 11.033396, 10.510613, 10.116387 ] }, { "date": "2026-06-05", "close": 10.86, "volume": 17567652, "typical_volume": 13323709.4, "trend": 9.709942, "fair_value": 8.417417, "relative_strength": -3.775706, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.511824, "energy": 29.492048, "activity_lines": [ 10.887498, 11.031876, 10.587637, 10.194171 ] }, { "date": "2026-06-12", "close": 11.85, "volume": 12550866, "typical_volume": 13592091.35, "trend": 9.8055, "fair_value": 8.463328, "relative_strength": 2.802109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.547254, "energy": 39.663892, "activity_lines": [ 11.169761, 11.183487, 10.750109, 10.33224 ] }, { "date": "2026-06-19", "close": 12.05, "volume": 19710409, "typical_volume": 14018357.7, "trend": 9.924618, "fair_value": 8.5134, "relative_strength": 2.005671, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.544648, "energy": 48.344639, "activity_lines": [ 11.486587, 11.337118, 10.917461, 10.477046 ] }, { "date": "2026-06-26", "close": 11.45, "volume": 27962355, "typical_volume": 14712453.05, "trend": 10.017434, "fair_value": 8.559063, "relative_strength": 1.754558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.054958, "energy": 43.728998, "activity_lines": [ 11.544667, 11.360737, 11.013498, 10.575458 ] }, { "date": "2026-07-03", "close": 11.02, "volume": 16372524, "typical_volume": 14684749.7, "trend": 10.092928, "fair_value": 8.602095, "relative_strength": -2.436852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.744275, "energy": 39.496696, "activity_lines": [ 11.440667, 11.312312, 11.056556, 10.64014 ] }, { "date": "2026-07-10", "close": 10.78, "volume": 13900854, "typical_volume": 14920631.9, "trend": 10.154114, "fair_value": 8.642148, "relative_strength": -5.837842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.196445, "energy": 25.400824, "activity_lines": [ 11.218667, 11.224408, 11.067965, 10.684467 ] }, { "date": "2026-07-17", "close": 11.3, "volume": 12404316, "typical_volume": 15037633.45, "trend": 10.231638, "fair_value": 8.684971, "relative_strength": 3.210694, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.270638, "energy": 18.939674, "activity_lines": [ 11.175333, 11.239571, 11.123097, 10.758395 ] }, { "date": "2026-07-24", "close": 11.65, "volume": 9672981, "typical_volume": 15000991.3, "trend": 10.318172, "fair_value": 8.729224, "relative_strength": 8.166613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.116774, "energy": 22.350425, "activity_lines": [ 11.285333, 11.319615, 11.202906, 10.849902 ] }, { "date": "2026-07-31", "close": 11.52, "volume": 12318463, "typical_volume": 14760745.9, "trend": 10.405352, "fair_value": 8.771329, "relative_strength": 6.412983, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.377083, "energy": 26.685716, "activity_lines": [ 11.378667, 11.367273, 11.259251, 10.927439 ] }, { "date": "2026-08-07", "close": 10.35, "volume": 14622875, "typical_volume": 14759922.85, "trend": 10.461834, "fair_value": 8.805558, "relative_strength": -8.659061, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.790201, "energy": 10.537969, "activity_lines": [ 11.077333, 11.195818, 11.194794, 10.923868 ] } ], "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." } } }