{ "ticker": { "uuid": "9297d101-78d4-4762-b58f-bb1dbf7cd05a", "symbol": "ALO", "name": "Alstom SA", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -50.775, "architecture_energy": 55.545, "architecture_maturity": 68.174, "architecture_confidence": 91.993, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 19.37, "rotation_up": 27.98, "upward_expansion": 23.37, "deceleration": 33.66, "rotation_down": 42.37, "downward_expansion": 71.04 }, "activity_lines": [ 16.211334, 16.075364, 16.524452, 18.085194 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 16.66, "trend_reference": 20.5595, "distance_from_trend": -0.189669, "trend_direction": "Weakening", "fair_value": 18.992639, "distance_from_fair_value": -0.122818, "fair_value_direction": "Improving", "relative_strength": -27.378515, "relative_strength_direction": "Weakening", "price_momentum": -0.413999, "excess_performance": -0.467311, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.189669, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.110697, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.122818, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.005734, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.273785, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.041043, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.413999, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.165764, "read": "Demand-led" } ], "volume": { "latest": 5403856, "relative_activity": 0.681021, "balance": 1.165764, "dry_up": 0.737836, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.048342, "annualized_volatility": 0.532843, "from_high_reference": -0.448892, "from_low_reference": 0.131793 }, "levels": { "trend_reference": 20.5595, "fair_value_reference": 18.992639, "structural_low": 14.72, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.01914, "positive_rate": 0.583333, "directional_follow_through": 0.416667, "median_excess_return": 0.007024, "regime_survival": 0.791667, "best_return": 0.287874, "worst_return": -0.25, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.039028, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.061505, "regime_survival": 0.555556, "best_return": 0.475837, "worst_return": -0.36053, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.126176, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.017652, "regime_survival": 0.2, "best_return": 0.392825, "worst_return": -0.251232, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.173233, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.252278, "regime_survival": 0.25, "best_return": 0.538009, "worst_return": -0.352759, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-03", "end": "2024-06-21", "tenure": "Developing", "return": 0.017358, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": 0.124522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2025-01-10", "tenure": "Established", "return": 0.099167, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-03-07", "tenure": "Developing", "return": 0.181685, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.232412, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.022174, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.104509, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": -0.01, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.08497, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": 0.069245, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-03-13", "tenure": "Established", "return": 0.044843, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": -0.001725, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.026442, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": -0.037272, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 24.93, "volume": 2659008, "typical_volume": 6004654.5, "trend": 25.738073, "fair_value": 30.569911, "relative_strength": 0.511105, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.519254, "energy": 11.523079, "activity_lines": [ 26.107333, 26.384972, 26.161327, 25.79336 ] }, { "date": "2023-08-25", "close": 25.32, "volume": 2749658, "typical_volume": 5786424.3, "trend": 25.660504, "fair_value": 30.457581, "relative_strength": 1.020691, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.72319, "energy": 17.466158, "activity_lines": [ 25.695333, 26.175685, 26.151664, 25.766388 ] }, { "date": "2023-09-01", "close": 25.110001, "volume": 6722685, "typical_volume": 5611091.05, "trend": 25.567674, "fair_value": 30.345643, "relative_strength": -0.788067, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.784907, "energy": 22.548541, "activity_lines": [ 25.350667, 25.943852, 26.112312, 25.730872 ] }, { "date": "2023-09-08", "close": 23.709999, "volume": 4039494, "typical_volume": 5423675.3, "trend": 25.46882, "fair_value": 30.229541, "relative_strength": -5.53751, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.565503, "energy": 43.936597, "activity_lines": [ 24.718, 25.485219, 25.923527, 25.611022 ] }, { "date": "2023-09-15", "close": 24.16, "volume": 6770784, "typical_volume": 5421402.9, "trend": 25.371419, "fair_value": 30.121192, "relative_strength": -5.593631, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.757743, "energy": 47.686165, "activity_lines": [ 24.436, 25.169713, 25.76708, 25.526582 ] }, { "date": "2023-09-22", "close": 23.34, "volume": 3859821, "typical_volume": 5364323.9, "trend": 25.242719, "fair_value": 30.021031, "relative_strength": -6.461701, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.319786, "energy": 56.352639, "activity_lines": [ 24.000667, 24.724, 25.524833, 25.395522 ] }, { "date": "2023-09-29", "close": 22.6, "volume": 5157077, "typical_volume": 5053011.75, "trend": 25.065562, "fair_value": 29.92482, "relative_strength": -8.940331, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.131679, "energy": 65.004306, "activity_lines": [ 23.424667, 24.207273, 25.21034, 25.225024 ] }, { "date": "2023-10-06", "close": 13.285, "volume": 32539267, "typical_volume": 6222300.4, "trend": 24.602025, "fair_value": 29.773881, "relative_strength": -45.613265, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -98.315306, "energy": 96.830285, "activity_lines": [ 19.925, 22.083818, 24.016593, 24.464988 ] }, { "date": "2023-10-13", "close": 12.76, "volume": 18806635, "typical_volume": 6887371.4, "trend": 24.237301, "fair_value": 29.615578, "relative_strength": -47.005622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -97.942571, "energy": 99.00156, "activity_lines": [ 17.038667, 20.128636, 22.838547, 23.700986 ] }, { "date": "2023-10-20", "close": 12.165, "volume": 11308847, "typical_volume": 7155822.65, "trend": 23.85803, "fair_value": 29.453924, "relative_strength": -47.692201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.021952, "energy": 97.49502, "activity_lines": [ 14.684, 18.319091, 21.668305, 22.922128 ] }, { "date": "2023-10-27", "close": 12.07, "volume": 9481029, "typical_volume": 7386152.4, "trend": 23.431644, "fair_value": 29.308294, "relative_strength": -47.498698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.137137, "energy": 93.731222, "activity_lines": [ 13.097333, 16.743091, 20.558302, 22.16161 ] }, { "date": "2023-11-03", "close": 13.895, "volume": 12466858, "typical_volume": 7660472.65, "trend": 23.118631, "fair_value": 29.164221, "relative_strength": -41.260535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.618141, "energy": 88.926901, "activity_lines": [ 12.870333, 15.732727, 19.694822, 21.546343 ] }, { "date": "2023-11-10", "close": 13.105, "volume": 10202998, "typical_volume": 7913236.3, "trend": 22.831162, "fair_value": 29.004826, "relative_strength": -43.993571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.157619, "energy": 86.258152, "activity_lines": [ 12.960333, 14.786455, 18.814604, 20.900302 ] }, { "date": "2023-11-17", "close": 12.365, "volume": 28498947, "typical_volume": 9099145.2, "trend": 22.526626, "fair_value": 28.817717, "relative_strength": -47.949355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.846983, "energy": 68.89043, "activity_lines": [ 12.815667, 13.923909, 17.928343, 20.225066 ] }, { "date": "2023-11-24", "close": 12.32, "volume": 8930244, "typical_volume": 9202395.1, "trend": 22.185895, "fair_value": 28.614257, "relative_strength": -47.961691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.408018, "energy": 67.182269, "activity_lines": [ 12.682333, 13.259455, 17.107877, 19.566574 ] }, { "date": "2023-12-01", "close": 11.81, "volume": 13336453, "typical_volume": 9677363.65, "trend": 21.813955, "fair_value": 28.412653, "relative_strength": -49.876327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.290462, "energy": 67.391234, "activity_lines": [ 12.368667, 12.717545, 16.300167, 18.897161 ] }, { "date": "2023-12-08", "close": 11.69, "volume": 12879625, "typical_volume": 10163007.75, "trend": 21.39506, "fair_value": 28.202155, "relative_strength": -50.982436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.992835, "energy": 66.622173, "activity_lines": [ 12.032333, 12.363455, 15.552571, 18.244003 ] }, { "date": "2023-12-15", "close": 12.05, "volume": 17179666, "typical_volume": 10732942.05, "trend": 20.893992, "fair_value": 27.991903, "relative_strength": -49.350807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.364845, "energy": 64.028398, "activity_lines": [ 11.963, 12.273182, 14.913976, 17.641096 ] }, { "date": "2023-12-22", "close": 12.005, "volume": 8379221, "typical_volume": 10966737.35, "trend": 20.417527, "fair_value": 27.781674, "relative_strength": -48.748769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.743997, "energy": 62.716699, "activity_lines": [ 11.949, 12.197182, 14.346048, 17.067613 ] }, { "date": "2023-12-29", "close": 12.18, "volume": 3203372, "typical_volume": 10958584.45, "trend": 19.933019, "fair_value": 27.568442, "relative_strength": -47.208332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.346528, "energy": 59.996007, "activity_lines": [ 12.017333, 12.166727, 13.864857, 16.536159 ] }, { "date": "2024-01-05", "close": 11.215, "volume": 13259959, "typical_volume": 11488632.0, "trend": 19.395526, "fair_value": 27.337712, "relative_strength": -49.932249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.522272, "energy": 78.215854, "activity_lines": [ 11.773333, 11.960545, 13.357381, 15.973706 ] }, { "date": "2024-01-12", "close": 11.8, "volume": 9537703, "typical_volume": 11828034.25, "trend": 18.916194, "fair_value": 27.132231, "relative_strength": -46.94006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.32271, "energy": 68.430253, "activity_lines": [ 11.764, 11.876273, 12.970929, 15.483672 ] }, { "date": "2024-01-19", "close": 10.965, "volume": 11888409, "typical_volume": 12086320.45, "trend": 18.393828, "fair_value": 26.904899, "relative_strength": -49.364788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.642758, "energy": 71.409958, "activity_lines": [ 11.469, 11.678273, 12.569333, 14.970692 ] }, { "date": "2024-01-26", "close": 11.695, "volume": 16654777, "typical_volume": 12717084.6, "trend": 17.880927, "fair_value": 26.699495, "relative_strength": -47.031154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.48094, "energy": 61.301842, "activity_lines": [ 11.489667, 11.651909, 12.304619, 14.53851 ] }, { "date": "2024-02-02", "close": 11.96, "volume": 7328424, "typical_volume": 12744966.6, "trend": 17.439641, "fair_value": 26.508603, "relative_strength": -44.693335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.043828, "energy": 57.297331, "activity_lines": [ 11.619333, 11.685909, 12.122357, 14.156514 ] }, { "date": "2024-02-09", "close": 11.7, "volume": 7446868, "typical_volume": 12924318.95, "trend": 16.935167, "fair_value": 26.320856, "relative_strength": -45.472412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.682889, "energy": 52.844873, "activity_lines": [ 11.677, 11.679182, 11.973429, 13.786215 ] }, { "date": "2024-02-16", "close": 11.695, "volume": 8562520, "typical_volume": 13094591.1, "trend": 16.412333, "fair_value": 26.139577, "relative_strength": -45.528299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.943573, "energy": 46.133268, "activity_lines": [ 11.700667, 11.673545, 11.879452, 13.44814 ] }, { "date": "2024-02-23", "close": 11.79, "volume": 9050094, "typical_volume": 11920132.45, "trend": 15.879, "fair_value": 25.956782, "relative_strength": -45.581411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.108945, "energy": 38.986406, "activity_lines": [ 11.763, 11.685091, 11.846452, 13.149925 ] }, { "date": "2024-03-01", "close": 12.085, "volume": 10845823, "typical_volume": 11522091.85, "trend": 15.391167, "fair_value": 25.766691, "relative_strength": -43.075158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.110348, "energy": 33.257534, "activity_lines": [ 11.868667, 11.755, 11.848667, 12.905151 ] }, { "date": "2024-03-08", "close": 12.005, "volume": 6416507, "typical_volume": 11277474.85, "trend": 14.926, "fair_value": 25.573587, "relative_strength": -43.185937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.951239, "energy": 27.384001, "activity_lines": [ 11.921667, 11.808909, 11.846476, 12.686688 ] }, { "date": "2024-03-15", "close": 12.31, "volume": 13004919, "typical_volume": 11453669.35, "trend": 14.505333, "fair_value": 25.399876, "relative_strength": -41.902653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.97959, "energy": 16.670067, "activity_lines": [ 12.073333, 11.921455, 11.874095, 12.517914 ] }, { "date": "2024-03-22", "close": 13.11, "volume": 11086969, "typical_volume": 11384674.9, "trend": 14.098333, "fair_value": 25.228043, "relative_strength": -37.219584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.066871, "energy": 9.29352, "activity_lines": [ 12.451, 12.159545, 11.976762, 12.427892 ] }, { "date": "2024-03-29", "close": 14.13, "volume": 6398556, "typical_volume": 11194452.8, "trend": 13.732333, "fair_value": 25.04631, "relative_strength": -31.924272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 18.427793, "energy": 26.193695, "activity_lines": [ 13.074333, 12.559273, 12.18031, 12.429935 ] }, { "date": "2024-04-05", "close": 13.835, "volume": 7784401, "typical_volume": 10158725.5, "trend": 13.403167, "fair_value": 24.855812, "relative_strength": -31.387698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.373243, "energy": 47.156394, "activity_lines": [ 13.443333, 12.847818, 12.350881, 12.436559 ] }, { "date": "2024-04-12", "close": 14.37, "volume": 13546387, "typical_volume": 10389532.65, "trend": 13.076833, "fair_value": 24.666681, "relative_strength": -27.676051, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.037957, "energy": 63.89749, "activity_lines": [ 13.874, 13.194727, 12.565405, 12.498935 ] }, { "date": "2024-04-19", "close": 15.1, "volume": 10419031, "typical_volume": 10243661.55, "trend": 12.802167, "fair_value": 24.467855, "relative_strength": -23.54529, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.713762, "energy": 73.195263, "activity_lines": [ 14.390333, 13.630545, 12.83969, 12.629462 ] }, { "date": "2024-04-26", "close": 15.045, "volume": 9436206, "typical_volume": 10071490.6, "trend": 12.550333, "fair_value": 24.280301, "relative_strength": -23.759548, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.444014, "energy": 81.585497, "activity_lines": [ 14.702333, 13.994545, 13.093071, 12.774161 ] }, { "date": "2024-05-03", "close": 15.555, "volume": 6210864, "typical_volume": 9523050.5, "trend": 12.626, "fair_value": 24.088391, "relative_strength": -19.157313, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.822931, "energy": 83.422479, "activity_lines": [ 15.055333, 14.390364, 13.379048, 12.968011 ] }, { "date": "2024-05-10", "close": 17.110001, "volume": 11660921, "typical_volume": 9687135.5, "trend": 12.771, "fair_value": 23.920887, "relative_strength": -13.083223, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.821931, "energy": 88.520173, "activity_lines": [ 15.831667, 15.000455, 13.796429, 13.257301 ] }, { "date": "2024-05-17", "close": 18.084999, "volume": 7671141, "typical_volume": 9910523.95, "trend": 12.968333, "fair_value": 23.756132, "relative_strength": -6.498028, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.837587, "energy": 92.11444, "activity_lines": [ 16.714667, 15.696455, 14.282357, 13.60014 ] }, { "date": "2024-05-24", "close": 17.631653, "volume": 5319831, "typical_volume": 9513517.55, "trend": 13.153722, "fair_value": 23.579472, "relative_strength": -6.955951, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.281652, "energy": 87.459461, "activity_lines": [ 17.198884, 16.199482, 14.696991, 13.900999 ] }, { "date": "2024-05-31", "close": 17.99, "volume": 14336802, "typical_volume": 9753472.5, "trend": 13.290222, "fair_value": 23.408983, "relative_strength": -2.714466, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.845632, "energy": 85.935331, "activity_lines": [ 17.633774, 16.670907, 15.115197, 14.213017 ] }, { "date": "2024-06-07", "close": 17.700001, "volume": 10621629, "typical_volume": 9690133.5, "trend": 13.443388, "fair_value": 23.239198, "relative_strength": -3.118546, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.991576, "energy": 75.871998, "activity_lines": [ 17.775664, 17.000877, 15.476308, 14.497519 ] }, { "date": "2024-06-14", "close": 15.505, "volume": 9977479, "typical_volume": 9356268.6, "trend": 13.548055, "fair_value": 23.067468, "relative_strength": -8.35426, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.567765, "energy": 50.737466, "activity_lines": [ 17.042887, 16.866847, 15.596301, 14.630526 ] }, { "date": "2024-06-21", "close": 15.825, "volume": 9725111, "typical_volume": 9476102.95, "trend": 13.664888, "fair_value": 22.898601, "relative_strength": -6.690952, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.454191, "energy": 35.797725, "activity_lines": [ 16.523777, 16.760635, 15.728626, 14.777426 ] }, { "date": "2024-06-28", "close": 15.7, "volume": 7759111, "typical_volume": 9491715.1, "trend": 13.794555, "fair_value": 22.730308, "relative_strength": -4.289696, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.877279, "energy": 24.339665, "activity_lines": [ 16.113667, 16.605241, 15.830642, 14.908723 ] }, { "date": "2024-07-05", "close": 16.33, "volume": 5877292, "typical_volume": 9357453.7, "trend": 13.949222, "fair_value": 22.598553, "relative_strength": -1.774742, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.775691, "energy": 25.707446, "activity_lines": [ 16.042333, 16.553484, 15.97361, 15.0723 ] }, { "date": "2024-07-12", "close": 17.34, "volume": 7405010, "typical_volume": 9275199.5, "trend": 14.125555, "fair_value": 22.487085, "relative_strength": 4.941601, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.326091, "energy": 27.179423, "activity_lines": [ 16.418333, 16.661999, 16.190698, 15.29106 ] }, { "date": "2024-07-19", "close": 17.655001, "volume": 6111253, "typical_volume": 9038471.0, "trend": 14.313888, "fair_value": 22.369136, "relative_strength": 10.875694, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.932569, "energy": 40.126266, "activity_lines": [ 16.923334, 16.795333, 16.411357, 15.518766 ] }, { "date": "2024-07-26", "close": 18.0, "volume": 6111341, "typical_volume": 9023212.7, "trend": 14.507888, "fair_value": 22.266023, "relative_strength": 14.675724, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.664986, "energy": 48.488926, "activity_lines": [ 17.4, 16.981485, 16.638349, 15.75658 ] }, { "date": "2024-08-02", "close": 17.125, "volume": 5463891, "typical_volume": 8646161.3, "trend": 14.704889, "fair_value": 22.153238, "relative_strength": 14.462601, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.39732, "energy": 46.3524, "activity_lines": [ 17.44, 17.010091, 16.75346, 15.925426 ] }, { "date": "2024-08-09", "close": 17.07, "volume": 4141906, "typical_volume": 8298908.15, "trend": 14.880555, "fair_value": 22.039283, "relative_strength": 15.088988, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.829065, "energy": 41.066121, "activity_lines": [ 17.366667, 17.037909, 16.840404, 16.078014 ] }, { "date": "2024-08-16", "close": 17.51, "volume": 3183216, "typical_volume": 8138141.15, "trend": 15.098722, "fair_value": 21.926889, "relative_strength": 16.442835, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.889348, "energy": 38.56349, "activity_lines": [ 17.390667, 17.162455, 16.950396, 16.247655 ] }, { "date": "2024-08-23", "close": 18.33, "volume": 3639815, "typical_volume": 7930911.85, "trend": 15.319888, "fair_value": 21.81239, "relative_strength": 21.096913, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.127003, "energy": 42.418454, "activity_lines": [ 17.676667, 17.439546, 17.122389, 16.456125 ] }, { "date": "2024-08-30", "close": 18.475, "volume": 4018797, "typical_volume": 7454532.35, "trend": 15.537055, "fair_value": 21.712978, "relative_strength": 22.394589, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.957243, "energy": 49.878559, "activity_lines": [ 17.966, 17.691636, 17.286785, 16.659681 ] }, { "date": "2024-09-06", "close": 17.27, "volume": 4484901, "typical_volume": 7157825.85, "trend": 15.722722, "fair_value": 21.623838, "relative_strength": 19.826042, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.680611, "energy": 38.987658, "activity_lines": [ 17.822, 17.676455, 17.316873, 16.771484 ] }, { "date": "2024-09-13", "close": 17.290001, "volume": 7900792, "typical_volume": 7081055.15, "trend": 15.909222, "fair_value": 21.531805, "relative_strength": 19.270865, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.538675, "energy": 34.85769, "activity_lines": [ 17.675, 17.636364, 17.338532, 16.872598 ] }, { "date": "2024-09-20", "close": 17.645, "volume": 5905781, "typical_volume": 7065801.0, "trend": 16.104389, "fair_value": 21.442992, "relative_strength": 22.236137, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.544546, "energy": 25.272343, "activity_lines": [ 17.631667, 17.643364, 17.383309, 16.984584 ] }, { "date": "2024-09-27", "close": 18.93, "volume": 5487891, "typical_volume": 6757149.5, "trend": 16.332555, "fair_value": 21.364808, "relative_strength": 27.169193, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.276814, "energy": 35.078635, "activity_lines": [ 18.007667, 17.878455, 17.540516, 17.166881 ] }, { "date": "2024-10-04", "close": 19.43, "volume": 4882862, "typical_volume": 6617735.55, "trend": 16.580055, "fair_value": 21.29266, "relative_strength": 33.92601, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.458619, "energy": 45.761478, "activity_lines": [ 18.510333, 18.181273, 17.736675, 17.366717 ] }, { "date": "2024-10-11", "close": 19.625, "volume": 3351435, "typical_volume": 6519315.75, "trend": 16.823889, "fair_value": 21.221825, "relative_strength": 33.59262, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.726305, "energy": 68.22806, "activity_lines": [ 19.014333, 18.493546, 17.945, 17.563165 ] }, { "date": "2024-10-18", "close": 20.51, "volume": 4488904, "typical_volume": 6026920.85, "trend": 17.070555, "fair_value": 21.157733, "relative_strength": 37.729816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.285173, "energy": 80.269124, "activity_lines": [ 19.656333, 18.921273, 18.228119, 17.800978 ] }, { "date": "2024-10-25", "close": 20.549999, "volume": 3599639, "typical_volume": 5675821.35, "trend": 17.284555, "fair_value": 21.095785, "relative_strength": 38.807972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.194714, "energy": 81.410947, "activity_lines": [ 20.097, 19.293727, 18.503048, 18.025459 ] }, { "date": "2024-11-01", "close": 19.98, "volume": 3287207, "typical_volume": 5341307.75, "trend": 17.489389, "fair_value": 21.026408, "relative_strength": 35.610992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.199949, "energy": 76.120722, "activity_lines": [ 20.154, 19.507273, 18.710119, 18.199358 ] }, { "date": "2024-11-08", "close": 20.200001, "volume": 4113620, "typical_volume": 5060733.2, "trend": 17.683722, "fair_value": 20.951897, "relative_strength": 37.235869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.471691, "energy": 70.088647, "activity_lines": [ 20.214333, 19.730818, 18.916833, 18.374236 ] }, { "date": "2024-11-15", "close": 22.73, "volume": 8852159, "typical_volume": 5115385.6, "trend": 17.938055, "fair_value": 20.888821, "relative_strength": 53.800728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.316383, "energy": 67.487241, "activity_lines": [ 21.066667, 20.383, 19.343667, 18.699803 ] }, { "date": "2024-11-22", "close": 21.049999, "volume": 5077938, "typical_volume": 5075417.9, "trend": 18.138222, "fair_value": 20.820451, "relative_strength": 41.102298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.288405, "energy": 50.378191, "activity_lines": [ 21.152, 20.630454, 19.577024, 18.900573 ] }, { "date": "2024-11-29", "close": 21.290001, "volume": 6526217, "typical_volume": 5031478.25, "trend": 18.329389, "fair_value": 20.76073, "relative_strength": 41.33901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.198046, "energy": 49.685706, "activity_lines": [ 21.281334, 20.853182, 19.810762, 19.103914 ] }, { "date": "2024-12-06", "close": 21.549999, "volume": 6548431, "typical_volume": 5053337.15, "trend": 18.477388, "fair_value": 20.704248, "relative_strength": 37.656387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.618863, "energy": 50.309317, "activity_lines": [ 21.448, 21.056909, 20.050452, 19.311695 ] }, { "date": "2024-12-13", "close": 22.15, "volume": 4650240, "typical_volume": 4980282.1, "trend": 18.612889, "fair_value": 20.663191, "relative_strength": 40.026989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.775692, "energy": 49.628399, "activity_lines": [ 21.71, 21.322091, 20.328738, 19.548638 ] }, { "date": "2024-12-20", "close": 21.92, "volume": 5759542, "typical_volume": 4995064.65, "trend": 18.755833, "fair_value": 20.611409, "relative_strength": 39.354812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.31076, "energy": 47.149911, "activity_lines": [ 21.765333, 21.496, 20.565357, 19.762 ] }, { "date": "2024-12-27", "close": 21.790001, "volume": 1390913, "typical_volume": 4857515.0, "trend": 18.8825, "fair_value": 20.554641, "relative_strength": 35.382142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.470261, "energy": 45.583426, "activity_lines": [ 21.831334, 21.604546, 20.766762, 19.957753 ] }, { "date": "2025-01-03", "close": 21.43, "volume": 2111506, "typical_volume": 4803929.5, "trend": 19.006833, "fair_value": 20.487637, "relative_strength": 32.812086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.961371, "energy": 42.078607, "activity_lines": [ 21.728, 21.624364, 20.911405, 20.122108 ] }, { "date": "2025-01-10", "close": 19.785, "volume": 5883741, "typical_volume": 4916125.8, "trend": 19.1495, "fair_value": 20.402097, "relative_strength": 19.043883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.040511, "energy": 20.247397, "activity_lines": [ 21.067, 21.329091, 20.880714, 20.172312 ] }, { "date": "2025-01-17", "close": 20.530001, "volume": 4807286, "typical_volume": 4955550.25, "trend": 19.306333, "fair_value": 20.33549, "relative_strength": 17.869679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.528999, "energy": 18.369801, "activity_lines": [ 20.772, 21.172818, 20.914048, 20.261376 ] }, { "date": "2025-01-24", "close": 19.27, "volume": 7202085, "typical_volume": 5091409.45, "trend": 19.425333, "fair_value": 20.276538, "relative_strength": 6.778098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.115715, "energy": 13.38226, "activity_lines": [ 20.165, 20.781455, 20.817595, 20.259032 ] }, { "date": "2025-01-31", "close": 19.115, "volume": 4996009, "typical_volume": 4946170.3, "trend": 19.518167, "fair_value": 20.22861, "relative_strength": 4.884213, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.095091, "energy": 20.877606, "activity_lines": [ 19.683, 20.424818, 20.696857, 20.239011 ] }, { "date": "2025-02-07", "close": 20.26, "volume": 7521804, "typical_volume": 5026971.45, "trend": 19.6155, "fair_value": 20.192363, "relative_strength": 9.915738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.714905, "energy": 16.294032, "activity_lines": [ 19.761, 20.311546, 20.676476, 20.286871 ] }, { "date": "2025-02-14", "close": 20.280001, "volume": 7673996, "typical_volume": 5136276.7, "trend": 19.703, "fair_value": 20.161027, "relative_strength": 6.397374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.281025, "energy": 15.790274, "activity_lines": [ 19.923667, 20.220637, 20.645548, 20.329742 ] }, { "date": "2025-02-21", "close": 20.09, "volume": 4494260, "typical_volume": 5116846.6, "trend": 19.772667, "fair_value": 20.143826, "relative_strength": 4.859951, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 7.538786, "energy": 13.383242, "activity_lines": [ 19.99, 20.118273, 20.590095, 20.35471 ] }, { "date": "2025-02-28", "close": 21.08, "volume": 7627438, "typical_volume": 5330646.75, "trend": 19.9045, "fair_value": 20.158708, "relative_strength": 9.643622, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.430876, "energy": 17.424296, "activity_lines": [ 20.415667, 20.233364, 20.625786, 20.439054 ] }, { "date": "2025-03-07", "close": 24.26, "volume": 15679208, "typical_volume": 5890161.95, "trend": 20.144167, "fair_value": 20.189632, "relative_strength": 24.533746, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 64.561204, "energy": 44.926854, "activity_lines": [ 21.780667, 20.941909, 20.957405, 20.720054 ] }, { "date": "2025-03-14", "close": 23.879999, "volume": 8681461, "typical_volume": 6144253.05, "trend": 20.3565, "fair_value": 20.206605, "relative_strength": 22.554761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.955475, "energy": 66.331657, "activity_lines": [ 22.676, 21.536455, 21.234976, 20.961075 ] }, { "date": "2025-03-21", "close": 23.52, "volume": 8596319, "typical_volume": 6409708.65, "trend": 20.5295, "fair_value": 20.224794, "relative_strength": 19.243565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.93902, "energy": 70.093919, "activity_lines": [ 23.21, 22.021, 21.462405, 21.165172 ] }, { "date": "2025-03-28", "close": 20.85, "volume": 7777746, "typical_volume": 6592914.95, "trend": 20.608667, "fair_value": 20.225742, "relative_strength": 6.638562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.880612, "energy": 55.757463, "activity_lines": [ 22.638, 21.952182, 21.418691, 21.18585 ] }, { "date": "2025-04-04", "close": 18.33, "volume": 9848814, "typical_volume": 6642747.7, "trend": 20.644, "fair_value": 20.21255, "relative_strength": 1.377768, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.291277, "energy": 6.015015, "activity_lines": [ 21.175333, 21.419364, 21.131881, 21.038839 ] }, { "date": "2025-04-11", "close": 18.49, "volume": 10712036, "typical_volume": 6924452.6, "trend": 20.684, "fair_value": 20.197489, "relative_strength": 4.060629, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.416909, "energy": 22.570001, "activity_lines": [ 19.949333, 20.932727, 20.881262, 20.899871 ] }, { "date": "2025-04-18", "close": 19.389999, "volume": 4440545, "typical_volume": 6820169.0, "trend": 20.742167, "fair_value": 20.184736, "relative_strength": 5.780188, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.237086, "energy": 30.587237, "activity_lines": [ 19.408, 20.621091, 20.728548, 20.816387 ] }, { "date": "2025-04-25", "close": 20.73, "volume": 3668012, "typical_volume": 6676148.05, "trend": 20.802167, "fair_value": 20.184726, "relative_strength": 8.59364, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.204649, "energy": 28.457072, "activity_lines": [ 19.612666, 20.568909, 20.7125, 20.815602 ] }, { "date": "2025-05-02", "close": 21.309999, "volume": 4343174, "typical_volume": 6660794.75, "trend": 20.864833, "fair_value": 20.18082, "relative_strength": 7.623502, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.798088, "energy": 28.67783, "activity_lines": [ 20.196666, 20.614, 20.755595, 20.848366 ] }, { "date": "2025-05-09", "close": 22.110001, "volume": 5220965, "typical_volume": 6633865.9, "trend": 20.947667, "fair_value": 20.176128, "relative_strength": 11.398979, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.998967, "energy": 4.65224, "activity_lines": [ 21.016667, 20.782363, 20.878881, 20.928699 ] }, { "date": "2025-05-16", "close": 19.205, "volume": 16826962, "typical_volume": 7405668.35, "trend": 20.904167, "fair_value": 20.148472, "relative_strength": -5.148489, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.735328, "energy": 18.288501, "activity_lines": [ 20.616333, 20.403818, 20.724595, 20.816269 ] }, { "date": "2025-05-23", "close": 18.475, "volume": 9415191, "typical_volume": 7770852.6, "trend": 20.835, "fair_value": 20.103237, "relative_strength": -7.103784, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.382646, "energy": 23.765224, "activity_lines": [ 19.925, 19.984454, 20.513095, 20.659548 ] }, { "date": "2025-05-30", "close": 19.905001, "volume": 10631489, "typical_volume": 8008240.0, "trend": 20.8325, "fair_value": 20.063645, "relative_strength": -0.37545, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.830265, "energy": 24.415029, "activity_lines": [ 19.771334, 19.923364, 20.451857, 20.599548 ] }, { "date": "2025-06-06", "close": 18.9, "volume": 6081070, "typical_volume": 8071929.2, "trend": 20.789167, "fair_value": 20.022268, "relative_strength": -6.194269, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.997293, "energy": 49.218117, "activity_lines": [ 19.337667, 19.745273, 20.294333, 20.474871 ] }, { "date": "2025-06-13", "close": 18.85, "volume": 5796869, "typical_volume": 8001668.4, "trend": 20.659833, "fair_value": 19.989316, "relative_strength": -5.251976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.834958, "energy": 50.899719, "activity_lines": [ 19.048, 19.593546, 20.13981, 20.349763 ] }, { "date": "2025-06-20", "close": 18.43, "volume": 7094449, "typical_volume": 8106590.4, "trend": 20.5725, "fair_value": 19.959461, "relative_strength": -6.449194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.891585, "energy": 50.300875, "activity_lines": [ 18.835667, 19.356, 19.947286, 20.205903 ] }, { "date": "2025-06-27", "close": 19.940001, "volume": 7817734, "typical_volume": 8121386.9, "trend": 20.5275, "fair_value": 19.949667, "relative_strength": -0.488942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.518462, "energy": 38.01458, "activity_lines": [ 19.178334, 19.394091, 19.901833, 20.165097 ] }, { "date": "2025-07-04", "close": 19.139999, "volume": 6461021, "typical_volume": 8060738.15, "trend": 20.447167, "fair_value": 19.919329, "relative_strength": -4.792541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.20749, "energy": 28.826638, "activity_lines": [ 19.156667, 19.276727, 19.781714, 20.075581 ] }, { "date": "2025-07-11", "close": 20.01, "volume": 5216615, "typical_volume": 8096855.9, "trend": 20.375833, "fair_value": 19.897841, "relative_strength": -2.379494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.017966, "energy": 20.231683, "activity_lines": [ 19.476, 19.346455, 19.749881, 20.047376 ] }, { "date": "2025-07-18", "close": 20.82, "volume": 6011957, "typical_volume": 8016081.85, "trend": 20.339167, "fair_value": 19.88604, "relative_strength": 1.421008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.535664, "energy": 14.381081, "activity_lines": [ 19.991333, 19.587091, 19.795571, 20.076032 ] }, { "date": "2025-07-25", "close": 22.0, "volume": 6881493, "typical_volume": 7576196.1, "trend": 20.346167, "fair_value": 19.879961, "relative_strength": 6.682818, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.886482, "energy": 24.942551, "activity_lines": [ 20.768667, 20.065727, 19.954881, 20.183183 ] }, { "date": "2025-08-01", "close": 19.825001, "volume": 5486860, "typical_volume": 7416466.05, "trend": 20.292667, "fair_value": 19.856126, "relative_strength": -0.383212, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.9231, "energy": 16.361375, "activity_lines": [ 20.583, 20.098091, 19.91781, 20.149559 ] }, { "date": "2025-08-08", "close": 21.18, "volume": 4132751, "typical_volume": 7193287.65, "trend": 20.339167, "fair_value": 19.837864, "relative_strength": 3.427809, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.627285, "energy": 23.397249, "activity_lines": [ 20.856667, 20.352273, 20.029095, 20.206807 ] }, { "date": "2025-08-15", "close": 21.780001, "volume": 3367603, "typical_volume": 6972780.5, "trend": 20.380833, "fair_value": 19.838318, "relative_strength": 3.635365, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.860589, "energy": 42.690742, "activity_lines": [ 21.194334, 20.692364, 20.208667, 20.299764 ] }, { "date": "2025-08-22", "close": 21.889999, "volume": 3253745, "typical_volume": 6643027.05, "trend": 20.468167, "fair_value": 19.847674, "relative_strength": 3.30913, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.400317, "energy": 37.228536, "activity_lines": [ 21.450667, 21.000091, 20.394286, 20.397129 ] }, { "date": "2025-08-29", "close": 20.540001, "volume": 4698252, "typical_volume": 6342337.85, "trend": 20.515667, "fair_value": 19.846787, "relative_strength": 0.104797, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.686083, "energy": 33.863967, "activity_lines": [ 21.185667, 21.007091, 20.434381, 20.401764 ] }, { "date": "2025-09-05", "close": 20.030001, "volume": 4220450, "typical_volume": 6331333.1, "trend": 20.508, "fair_value": 19.840407, "relative_strength": -2.194634, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 4.058691, "energy": 10.620842, "activity_lines": [ 20.848001, 20.883, 20.416143, 20.37043 ] }, { "date": "2025-09-12", "close": 20.940001, "volume": 5763691, "typical_volume": 6436117.05, "trend": 20.53, "fair_value": 19.850663, "relative_strength": 0.023418, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.905246, "energy": 7.793614, "activity_lines": [ 20.800001, 20.922728, 20.481524, 20.398301 ] }, { "date": "2025-09-19", "close": 20.940001, "volume": 7795563, "typical_volume": 6608736.5, "trend": 20.558333, "fair_value": 19.873501, "relative_strength": -0.561877, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.043756, "energy": 8.346964, "activity_lines": [ 20.768001, 20.929728, 20.545905, 20.424753 ] }, { "date": "2025-09-26", "close": 21.940001, "volume": 5108279, "typical_volume": 6603102.2, "trend": 20.587, "fair_value": 19.907737, "relative_strength": 3.694305, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.484113, "energy": 17.200956, "activity_lines": [ 21.125334, 21.101637, 20.707286, 20.513893 ] }, { "date": "2025-10-03", "close": 22.389999, "volume": 5280534, "typical_volume": 6025780.8, "trend": 20.524667, "fair_value": 19.944096, "relative_strength": 2.917211, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.897286, "energy": 48.866039, "activity_lines": [ 21.629334, 21.335, 20.912334, 20.630215 ] }, { "date": "2025-10-10", "close": 22.299999, "volume": 5721759, "typical_volume": 5841109.2, "trend": 20.472, "fair_value": 19.974571, "relative_strength": 4.451569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.926337, "energy": 55.735176, "activity_lines": [ 21.98, 21.544909, 21.093643, 20.744753 ] }, { "date": "2025-10-17", "close": 21.83, "volume": 4571255, "typical_volume": 5538097.5, "trend": 20.415667, "fair_value": 19.993074, "relative_strength": -0.938076, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.448208, "energy": 55.407466, "activity_lines": [ 22.022666, 21.624364, 21.211976, 20.832366 ] }, { "date": "2025-10-24", "close": 21.950001, "volume": 3684533, "typical_volume": 5418270.65, "trend": 20.452334, "fair_value": 20.002179, "relative_strength": -0.965148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.657207, "energy": 52.215158, "activity_lines": [ 22.046, 21.713818, 21.332572, 20.931355 ] }, { "date": "2025-10-31", "close": 21.65, "volume": 3371207, "typical_volume": 5296987.55, "trend": 20.563, "fair_value": 20.002943, "relative_strength": -1.039305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.028599, "energy": 34.829369, "activity_lines": [ 21.902, 21.745637, 21.410072, 21.008624 ] }, { "date": "2025-11-07", "close": 20.889999, "volume": 4322922, "typical_volume": 5158411.2, "trend": 20.643, "fair_value": 19.980852, "relative_strength": -2.373659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.424191, "energy": 16.803922, "activity_lines": [ 21.524, 21.643636, 21.401857, 21.029721 ] }, { "date": "2025-11-14", "close": 23.690001, "volume": 7570401, "typical_volume": 5146044.55, "trend": 20.786334, "fair_value": 19.977028, "relative_strength": 7.906872, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.380934, "energy": 37.494172, "activity_lines": [ 22.179334, 22.044364, 21.648595, 21.226301 ] }, { "date": "2025-11-21", "close": 22.48, "volume": 5357858, "typical_volume": 5090886.4, "trend": 20.844667, "fair_value": 19.964303, "relative_strength": 4.863751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.085203, "energy": 31.719276, "activity_lines": [ 22.338667, 22.158546, 21.762238, 21.33557 ] }, { "date": "2025-11-28", "close": 22.540001, "volume": 6555379, "typical_volume": 5157824.6, "trend": 20.885667, "fair_value": 19.951709, "relative_strength": 3.454856, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.459296, "energy": 35.40003, "activity_lines": [ 22.474667, 22.255637, 21.865691, 21.444946 ] }, { "date": "2025-12-05", "close": 23.01, "volume": 5038109, "typical_volume": 5109132.2, "trend": 20.915667, "fair_value": 19.946449, "relative_strength": 5.765877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.756477, "energy": 52.959328, "activity_lines": [ 22.728, 22.409091, 22.001857, 21.582 ] }, { "date": "2025-12-12", "close": 24.290001, "volume": 5501976, "typical_volume": 5040156.35, "trend": 21.085167, "fair_value": 19.957146, "relative_strength": 12.270659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.790492, "energy": 61.693972, "activity_lines": [ 23.317334, 22.775819, 22.2495, 21.799699 ] }, { "date": "2025-12-19", "close": 24.870001, "volume": 6367700, "typical_volume": 5084198.35, "trend": 21.298334, "fair_value": 19.970417, "relative_strength": 13.753595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.34211, "energy": 74.132524, "activity_lines": [ 23.873334, 23.213455, 22.541477, 22.043882 ] }, { "date": "2025-12-26", "close": 24.959999, "volume": 1221416, "typical_volume": 4938631.6, "trend": 21.466834, "fair_value": 19.985409, "relative_strength": 14.741858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.538698, "energy": 80.445894, "activity_lines": [ 24.380667, 23.620728, 22.818, 22.280119 ] }, { "date": "2026-01-02", "close": 25.690001, "volume": 2108533, "typical_volume": 4875678.1, "trend": 21.693167, "fair_value": 19.991927, "relative_strength": 16.616878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.676539, "energy": 86.881191, "activity_lines": [ 24.966, 24.103819, 23.146048, 22.552581 ] }, { "date": "2026-01-09", "close": 25.549999, "volume": 6137350, "typical_volume": 5019858.35, "trend": 21.9165, "fair_value": 19.992083, "relative_strength": 13.348082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.715198, "energy": 84.151343, "activity_lines": [ 25.294667, 24.493455, 23.442143, 22.801409 ] }, { "date": "2026-01-16", "close": 26.08, "volume": 4732071, "typical_volume": 5021549.3, "trend": 22.1715, "fair_value": 19.99589, "relative_strength": 16.732195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.990063, "energy": 83.856325, "activity_lines": [ 25.630667, 24.908546, 23.771286, 23.070022 ] }, { "date": "2026-01-23", "close": 26.780001, "volume": 6090148, "typical_volume": 5115034.2, "trend": 22.3995, "fair_value": 19.990332, "relative_strength": 20.834272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.660632, "energy": 81.734304, "activity_lines": [ 26.080667, 25.356546, 24.140715, 23.367344 ] }, { "date": "2026-01-30", "close": 27.02, "volume": 6411852, "typical_volume": 5147442.25, "trend": 22.662167, "fair_value": 19.984724, "relative_strength": 21.375522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.463679, "energy": 63.409508, "activity_lines": [ 26.483334, 25.792, 24.500857, 23.665441 ] }, { "date": "2026-02-06", "close": 28.43, "volume": 6158286, "typical_volume": 5065578.4, "trend": 22.942834, "fair_value": 19.99597, "relative_strength": 24.652299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.043948, "energy": 70.276698, "activity_lines": [ 27.218667, 26.401273, 24.966334, 24.037559 ] }, { "date": "2026-02-13", "close": 28.700001, "volume": 5265043, "typical_volume": 5073416.6, "trend": 23.2055, "fair_value": 20.006341, "relative_strength": 24.41754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.452475, "energy": 84.374921, "activity_lines": [ 27.861334, 26.952546, 25.421857, 24.40899 ] }, { "date": "2026-02-20", "close": 29.84, "volume": 4362510, "typical_volume": 5027515.4, "trend": 23.466834, "fair_value": 20.023258, "relative_strength": 25.360503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.980556, "energy": 90.641531, "activity_lines": [ 28.674, 27.607637, 25.953762, 24.837022 ] }, { "date": "2026-02-27", "close": 28.290001, "volume": 5854578, "typical_volume": 5034156.35, "trend": 23.749, "fair_value": 20.025664, "relative_strength": 17.381121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.16863, "energy": 81.014763, "activity_lines": [ 28.719334, 27.88, 26.302572, 25.148194 ] }, { "date": "2026-03-06", "close": 24.33, "volume": 8061358, "typical_volume": 5208661.5, "trend": 23.854, "fair_value": 20.007323, "relative_strength": 8.325004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.979606, "energy": 38.169559, "activity_lines": [ 27.344, 27.370182, 26.245715, 25.185678 ] }, { "date": "2026-03-13", "close": 23.299999, "volume": 7048583, "typical_volume": 5376864.0, "trend": 23.904667, "fair_value": 20.004748, "relative_strength": 4.834912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.63439, "energy": 15.870625, "activity_lines": [ 25.804667, 26.684546, 26.078857, 25.149936 ] }, { "date": "2026-03-20", "close": 23.190001, "volume": 6764437, "typical_volume": 5546525.5, "trend": 23.948, "fair_value": 20.002484, "relative_strength": 7.612846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.818628, "energy": 26.105542, "activity_lines": [ 24.570667, 26.022364, 25.895095, 25.103828 ] }, { "date": "2026-03-27", "close": 23.6, "volume": 6086922, "typical_volume": 5634725.5, "trend": 24.05, "fair_value": 19.994397, "relative_strength": 8.678964, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.74874, "energy": 38.239686, "activity_lines": [ 23.840667, 25.477637, 25.743048, 25.081377 ] }, { "date": "2026-04-03", "close": 24.27, "volume": 5857533, "typical_volume": 5549082.1, "trend": 24.191334, "fair_value": 20.000709, "relative_strength": 7.720381, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.86428, "energy": 34.631974, "activity_lines": [ 23.75, 25.099818, 25.641905, 25.09557 ] }, { "date": "2026-04-10", "close": 23.15, "volume": 8282903, "typical_volume": 5695334.35, "trend": 24.265, "fair_value": 20.009817, "relative_strength": -1.082607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.251682, "energy": 32.881273, "activity_lines": [ 23.554, 24.564, 25.431334, 25.028387 ] }, { "date": "2026-04-17", "close": 16.639999, "volume": 28271797, "typical_volume": 6781155.25, "trend": 24.121667, "fair_value": 19.978657, "relative_strength": -29.969873, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -53.934295, "energy": 63.412777, "activity_lines": [ 21.266666, 22.914909, 24.597571, 24.536452 ] }, { "date": "2026-04-24", "close": 16.52, "volume": 21459140, "typical_volume": 7602206.8, "trend": 23.941, "fair_value": 19.940055, "relative_strength": -27.83969, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.373226, "energy": 77.087468, "activity_lines": [ 19.383333, 21.458364, 23.780476, 24.046022 ] }, { "date": "2026-05-01", "close": 17.08, "volume": 8269972, "typical_volume": 7740606.6, "trend": 23.764, "fair_value": 19.90231, "relative_strength": -24.669265, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.417067, "energy": 89.816042, "activity_lines": [ 18.131333, 20.325091, 23.047619, 23.603376 ] }, { "date": "2026-05-08", "close": 17.305, "volume": 9701036, "typical_volume": 7907273.4, "trend": 23.5975, "fair_value": 19.857747, "relative_strength": -23.274227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.831043, "energy": 88.175199, "activity_lines": [ 17.389, 19.464727, 22.370524, 23.186667 ] }, { "date": "2026-05-15", "close": 17.049999, "volume": 11014920, "typical_volume": 8396948.6, "trend": 23.438167, "fair_value": 19.793439, "relative_strength": -22.728101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.639055, "energy": 86.773551, "activity_lines": [ 17.026, 18.757727, 21.705167, 22.764247 ] }, { "date": "2026-05-22", "close": 16.875, "volume": 9574327, "typical_volume": 8770238.3, "trend": 23.269, "fair_value": 19.733029, "relative_strength": -24.898079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.290312, "energy": 82.302377, "activity_lines": [ 17.011333, 18.151272, 21.060809, 22.340817 ] }, { "date": "2026-05-29", "close": 17.139999, "volume": 8792994, "typical_volume": 8903020.5, "trend": 23.118667, "fair_value": 19.671649, "relative_strength": -24.099241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.592724, "energy": 63.3439, "activity_lines": [ 17.069333, 17.709818, 20.483666, 21.945398 ] }, { "date": "2026-06-05", "close": 17.145, "volume": 1058417, "typical_volume": 8719337.8, "trend": 22.993833, "fair_value": 19.606298, "relative_strength": -24.222422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.086775, "energy": 61.474243, "activity_lines": [ 17.087666, 17.379272, 19.947047, 21.56 ] }, { "date": "2026-06-12", "close": 16.190001, "volume": 2868886, "typical_volume": 8558274.7, "trend": 22.743833, "fair_value": 19.542259, "relative_strength": -29.325955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.443847, "energy": 63.539166, "activity_lines": [ 16.783333, 16.992454, 19.362024, 21.121043 ] }, { "date": "2026-06-19", "close": 16.235001, "volume": 3064923, "typical_volume": 8390928.25, "trend": 22.535667, "fair_value": 19.475587, "relative_strength": -29.473475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.429458, "energy": 64.640238, "activity_lines": [ 16.568334, 16.760727, 18.831714, 20.701118 ] }, { "date": "2026-06-26", "close": 15.38, "volume": 2129162, "typical_volume": 8189472.05, "trend": 22.297, "fair_value": 19.400574, "relative_strength": -32.538849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.176081, "energy": 76.993514, "activity_lines": [ 16.122667, 16.499273, 18.271333, 20.239462 ] }, { "date": "2026-07-03", "close": 16.01, "volume": 1757894, "typical_volume": 8014114.6, "trend": 22.063667, "fair_value": 19.341672, "relative_strength": -30.494863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.620315, "energy": 69.126261, "activity_lines": [ 15.986667, 16.375273, 17.833095, 19.833849 ] }, { "date": "2026-07-10", "close": 15.67, "volume": 7089109, "typical_volume": 8150444.55, "trend": 21.776333, "fair_value": 19.270107, "relative_strength": -30.256188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.221278, "energy": 71.355991, "activity_lines": [ 15.812667, 16.198727, 17.422905, 19.421355 ] }, { "date": "2026-07-17", "close": 15.705, "volume": 6243521, "typical_volume": 8169891.7, "trend": 21.470833, "fair_value": 19.195267, "relative_strength": -29.708676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.10625, "energy": 87.56433, "activity_lines": [ 15.748667, 16.054182, 17.083524, 19.029656 ] }, { "date": "2026-07-24", "close": 16.01, "volume": 6800595, "typical_volume": 8106853.55, "trend": 21.1725, "fair_value": 19.119754, "relative_strength": -28.168205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.80119, "energy": 84.271676, "activity_lines": [ 15.818667, 15.994182, 16.833119, 18.677344 ] }, { "date": "2026-07-31", "close": 16.190001, "volume": 4970761, "typical_volume": 8002962.45, "trend": 20.855833, "fair_value": 19.052254, "relative_strength": -28.157055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.661425, "energy": 77.977369, "activity_lines": [ 15.963667, 15.985818, 16.639476, 18.355893 ] }, { "date": "2026-08-07", "close": 16.66, "volume": 5403856, "typical_volume": 7934933.4, "trend": 20.5595, "fair_value": 18.992639, "relative_strength": -27.378515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.775395, "energy": 55.544761, "activity_lines": [ 16.211334, 16.075364, 16.524452, 18.085194 ] } ], "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." } } }