{ "ticker": { "uuid": "9341adbc-1c50-40ec-b9b6-e17994753534", "symbol": "SSAB-B", "name": "SSAB AB (publ)", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 72.415, "architecture_energy": 67.622, "architecture_maturity": 50.22, "architecture_confidence": 93.031, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 7.66, "rotation_up": 66.72, "upward_expansion": 88.47, "deceleration": 49.41, "rotation_down": 19.96, "downward_expansion": 12.8 }, "activity_lines": [ 100.347335, 98.292546, 94.606711, 89.838136 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 102.050003, "trend_reference": 84.136182, "distance_from_trend": 0.212915, "trend_direction": "Improving", "fair_value": 61.360107, "distance_from_fair_value": 0.663133, "fair_value_direction": "Improving", "relative_strength": 24.266724, "relative_strength_direction": "Improving", "price_momentum": 0.365948, "excess_performance": 0.304453, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.212915, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.144971, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.663133, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.206779, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.242667, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.028287, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.365948, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.192367, "read": "Demand-led" } ], "volume": { "latest": 13918262, "relative_activity": 1.131056, "balance": 2.192367, "dry_up": 1.188297, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.056827, "annualized_volatility": 0.290254, "from_high_reference": -0.041784, "from_low_reference": 1.030104 }, "levels": { "trend_reference": 84.136182, "fair_value_reference": 61.360107, "structural_low": 63.201186, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 29, "median_return": -0.005313, "positive_rate": 0.482759, "directional_follow_through": 0.482759, "median_excess_return": 0.030542, "regime_survival": 0.758621, "best_return": 0.167775, "worst_return": -0.140857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.072401, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": 0.042593, "regime_survival": 0.545455, "best_return": 0.473869, "worst_return": -0.310548, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.107174, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.154232, "regime_survival": 0.428571, "best_return": 0.44409, "worst_return": -0.190554, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.232581, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.218985, "regime_survival": 0.25, "best_return": 0.48475, "worst_return": -0.383915, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-22", "end": "2024-04-19", "tenure": "Developing", "return": -0.218173, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.025284, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-24", "end": "2024-11-08", "tenure": "Established", "return": -0.101994, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-12-20", "tenure": "Developing", "return": -0.160902, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-07", "tenure": "Developing", "return": 0.272769, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": 0.039636, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.143388, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-07-25", "tenure": "Established", "return": 0.047056, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-29", "tenure": "Developing", "return": -0.024364, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-10-03", "tenure": "Developing", "return": 0.198491, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": -0.033854, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2026-03-13", "tenure": "Established", "return": 0.190863, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.246222, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.262447, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 51.999493, "volume": 16734842, "typical_volume": 20215374.45, "trend": 57.497227, "fair_value": 36.375893, "relative_strength": 2.779854, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.890003, "energy": 62.977482, "activity_lines": [ 52.985195, 56.258702, 58.650849, 58.331292 ] }, { "date": "2023-08-25", "close": 50.56752, "volume": 12153391, "typical_volume": 19886322.5, "trend": 57.340637, "fair_value": 36.580512, "relative_strength": -0.516861, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.777415, "energy": 68.321307, "activity_lines": [ 52.061602, 54.697807, 57.838556, 57.884214 ] }, { "date": "2023-09-01", "close": 53.396961, "volume": 13121476, "typical_volume": 19422931.35, "trend": 57.334448, "fair_value": 36.793206, "relative_strength": 2.829134, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.235234, "energy": 58.929083, "activity_lines": [ 52.312342, 53.959394, 57.315118, 57.629784 ] }, { "date": "2023-09-08", "close": 51.223125, "volume": 12083690, "typical_volume": 18368074.25, "trend": 57.32616, "fair_value": 36.990393, "relative_strength": -1.194448, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.199056, "energy": 56.913742, "activity_lines": [ 51.875275, 53.045318, 56.610224, 57.235505 ] }, { "date": "2023-09-15", "close": 50.65379, "volume": 17078152, "typical_volume": 17614286.35, "trend": 57.192841, "fair_value": 37.183212, "relative_strength": -3.359365, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.68258, "energy": 51.675579, "activity_lines": [ 51.432458, 52.268008, 55.876658, 56.805029 ] }, { "date": "2023-09-22", "close": 50.774555, "volume": 13715842, "typical_volume": 17430615.65, "trend": 57.082413, "fair_value": 37.383453, "relative_strength": -2.097059, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.435159, "energy": 48.53541, "activity_lines": [ 51.167917, 51.734117, 55.197314, 56.390946 ] }, { "date": "2023-09-29", "close": 51.844219, "volume": 12312511, "typical_volume": 16878271.55, "trend": 56.875073, "fair_value": 37.588709, "relative_strength": 0.124634, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.999481, "energy": 45.590458, "activity_lines": [ 51.341593, 51.645658, 54.662975, 56.052998 ] }, { "date": "2023-10-06", "close": 50.809059, "volume": 12844932, "typical_volume": 17016934.3, "trend": 56.66433, "fair_value": 37.781446, "relative_strength": -2.007684, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.842469, "energy": 44.270669, "activity_lines": [ 51.085103, 51.408826, 54.054038, 55.661643 ] }, { "date": "2023-10-13", "close": 51.516422, "volume": 12282546, "typical_volume": 16990538.1, "trend": 56.673467, "fair_value": 37.98469, "relative_strength": -2.430374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.327747, "energy": 39.774563, "activity_lines": [ 51.236927, 51.357695, 53.549521, 55.329519 ] }, { "date": "2023-10-20", "close": 46.978973, "volume": 20476046, "typical_volume": 17089547.85, "trend": 56.541043, "fair_value": 38.164509, "relative_strength": -6.26019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.037172, "energy": 61.052846, "activity_lines": [ 49.856715, 50.526431, 52.643757, 54.704068 ] }, { "date": "2023-10-27", "close": 54.38036, "volume": 26560886, "typical_volume": 17628883.2, "trend": 56.469229, "fair_value": 38.405024, "relative_strength": 9.429083, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.91587, "energy": 32.85692, "activity_lines": [ 51.18862, 51.145331, 52.517484, 54.564669 ] }, { "date": "2023-11-03", "close": 59.676926, "volume": 20974723, "typical_volume": 17246595.0, "trend": 56.637191, "fair_value": 38.674415, "relative_strength": 15.096868, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.20077, "energy": 11.054184, "activity_lines": [ 54.045659, 52.683954, 52.945432, 54.771618 ] }, { "date": "2023-11-10", "close": 59.918461, "volume": 18132835, "typical_volume": 17410178.35, "trend": 56.675538, "fair_value": 38.947106, "relative_strength": 15.506433, "stage": 2, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.802239, "energy": 24.315224, "activity_lines": [ 56.46103, 54.100867, 53.433682, 54.983312 ] }, { "date": "2023-11-17", "close": 62.523613, "volume": 18710458, "typical_volume": 17323820.95, "trend": 56.873368, "fair_value": 39.243819, "relative_strength": 15.271635, "stage": 2, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.572306, "energy": 46.404177, "activity_lines": [ 59.137492, 55.872872, 54.196496, 55.360608 ] }, { "date": "2023-11-24", "close": 64.749199, "volume": 16036039, "typical_volume": 17262028.4, "trend": 57.044169, "fair_value": 39.551205, "relative_strength": 16.969756, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.795798, "energy": 69.867871, "activity_lines": [ 61.822003, 57.844065, 55.18039, 55.868726 ] }, { "date": "2023-12-01", "close": 68.700066, "volume": 21753031, "typical_volume": 17539645.0, "trend": 57.339765, "fair_value": 39.880278, "relative_strength": 22.063072, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.130712, "energy": 78.656373, "activity_lines": [ 64.638788, 60.277317, 56.531437, 56.620719 ] }, { "date": "2023-12-08", "close": 66.06041, "volume": 21040483, "typical_volume": 16960045.35, "trend": 57.645712, "fair_value": 40.192386, "relative_strength": 13.596252, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.242115, "energy": 76.521039, "activity_lines": [ 65.62104, 61.904713, 57.611454, 57.183341 ] }, { "date": "2023-12-15", "close": 65.560081, "volume": 24654424, "typical_volume": 16947530.0, "trend": 57.878048, "fair_value": 40.492572, "relative_strength": 8.647623, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.855122, "energy": 71.317349, "activity_lines": [ 66.01095, 63.182665, 58.586557, 57.693946 ] }, { "date": "2023-12-22", "close": 66.95755, "volume": 16321773, "typical_volume": 17028563.1, "trend": 58.176519, "fair_value": 40.802929, "relative_strength": 10.726029, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.802439, "energy": 71.59973, "activity_lines": [ 66.490576, 64.446501, 59.639463, 58.27972 ] }, { "date": "2023-12-29", "close": 66.49173, "volume": 6942802, "typical_volume": 16696544.1, "trend": 58.304764, "fair_value": 41.111557, "relative_strength": 8.377847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.520023, "energy": 56.517678, "activity_lines": [ 66.519332, 65.344895, 60.586223, 58.816185 ] }, { "date": "2024-01-05", "close": 65.025246, "volume": 9997704, "typical_volume": 16359687.2, "trend": 58.31109, "fair_value": 41.405754, "relative_strength": 8.122264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.231433, "energy": 49.879264, "activity_lines": [ 65.943091, 65.621878, 61.327759, 59.249765 ] }, { "date": "2024-01-12", "close": 65.335793, "volume": 15096944, "typical_volume": 16506864.85, "trend": 58.238629, "fair_value": 41.704368, "relative_strength": 7.282379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.423676, "energy": 42.351026, "activity_lines": [ 65.715355, 65.76178, 62.036842, 59.702971 ] }, { "date": "2024-01-19", "close": 61.350433, "volume": 15219383, "typical_volume": 16611760.2, "trend": 58.101182, "fair_value": 41.955333, "relative_strength": 2.921021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.102727, "energy": 31.018622, "activity_lines": [ 64.207472, 65.074184, 62.296043, 59.903733 ] }, { "date": "2024-01-26", "close": 63.714043, "volume": 13203856, "typical_volume": 16667768.5, "trend": 58.077029, "fair_value": 42.21889, "relative_strength": 3.498426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.346439, "energy": 25.610421, "activity_lines": [ 63.768103, 64.790298, 62.742476, 60.265853 ] }, { "date": "2024-02-02", "close": 67.716667, "volume": 24557349, "typical_volume": 17041728.35, "trend": 58.239779, "fair_value": 42.507655, "relative_strength": 9.678014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.088992, "energy": 35.701252, "activity_lines": [ 64.879176, 65.212519, 63.51063, 60.887765 ] }, { "date": "2024-02-09", "close": 69.80423, "volume": 15376117, "typical_volume": 17124742.1, "trend": 58.414031, "fair_value": 42.805535, "relative_strength": 13.27802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.445298, "energy": 48.165542, "activity_lines": [ 66.60444, 65.960342, 64.396348, 61.633859 ] }, { "date": "2024-02-16", "close": 73.168495, "volume": 18908320, "typical_volume": 17454532.55, "trend": 59.051804, "fair_value": 43.120848, "relative_strength": 15.43761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.608964, "energy": 80.998533, "activity_lines": [ 69.132528, 67.299774, 65.511855, 62.58576 ] }, { "date": "2024-02-23", "close": 69.165886, "volume": 16290714, "typical_volume": 17626821.65, "trend": 59.559032, "fair_value": 43.415084, "relative_strength": 7.628317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.753795, "energy": 75.076875, "activity_lines": [ 69.804232, 67.782221, 66.144616, 63.238281 ] }, { "date": "2024-03-01", "close": 68.682816, "volume": 20376273, "typical_volume": 18031508.0, "trend": 60.049008, "fair_value": 43.698498, "relative_strength": 5.582213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.660555, "energy": 68.831229, "activity_lines": [ 69.793882, 68.111277, 66.643958, 63.826912 ] }, { "date": "2024-03-08", "close": 63.576023, "volume": 22892331, "typical_volume": 18152322.25, "trend": 60.410738, "fair_value": 43.937273, "relative_strength": -3.262187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.735181, "energy": 38.669578, "activity_lines": [ 67.750017, 67.480457, 66.575194, 64.054462 ] }, { "date": "2024-03-15", "close": 66.940285, "volume": 19927654, "typical_volume": 17820660.65, "trend": 60.908765, "fair_value": 44.195008, "relative_strength": -0.125846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.676256, "energy": 22.223929, "activity_lines": [ 67.103615, 67.514334, 66.747802, 64.475723 ] }, { "date": "2024-03-22", "close": 70.063019, "volume": 18391819, "typical_volume": 17691515.45, "trend": 61.558615, "fair_value": 44.46692, "relative_strength": 4.257899, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.515175, "energy": 25.010894, "activity_lines": [ 67.689055, 68.081161, 67.158004, 65.06632 ] }, { "date": "2024-03-29", "close": 68.061714, "volume": 13324117, "typical_volume": 17451079.55, "trend": 62.04744, "fair_value": 44.714999, "relative_strength": 1.807715, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.582177, "energy": 18.04629, "activity_lines": [ 67.814424, 68.198166, 67.328148, 65.485875 ] }, { "date": "2024-04-05", "close": 61.764496, "volume": 28213474, "typical_volume": 17926230.35, "trend": 62.398819, "fair_value": 44.921094, "relative_strength": -7.091326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.25169, "energy": 7.221832, "activity_lines": [ 65.914332, 67.048198, 66.859779, 65.46762 ] }, { "date": "2024-04-12", "close": 58.210453, "volume": 27780333, "typical_volume": 18513445.05, "trend": 62.650707, "fair_value": 45.08801, "relative_strength": -12.329348, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.903824, "energy": 19.497253, "activity_lines": [ 63.290781, 65.287487, 66.056545, 65.197403 ] }, { "date": "2024-04-19", "close": 54.777172, "volume": 24310482, "typical_volume": 18641317.6, "trend": 62.784128, "fair_value": 45.236198, "relative_strength": -17.139557, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.418719, "energy": 54.603058, "activity_lines": [ 59.880507, 63.075384, 64.957469, 64.689433 ] }, { "date": "2024-04-26", "close": 57.69257, "volume": 33749697, "typical_volume": 19276778.3, "trend": 62.979073, "fair_value": 45.415516, "relative_strength": -14.396868, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.116068, "energy": 61.985341, "activity_lines": [ 58.252907, 61.666572, 64.202349, 64.360945 ] }, { "date": "2024-05-03", "close": 58.758526, "volume": 16912563, "typical_volume": 18889685.25, "trend": 63.244055, "fair_value": 45.599916, "relative_strength": -11.980952, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.225513, "energy": 64.663323, "activity_lines": [ 57.805322, 60.73295, 63.588596, 64.088652 ] }, { "date": "2024-05-10", "close": 59.226051, "volume": 14154991, "typical_volume": 18781346.15, "trend": 63.501043, "fair_value": 45.803035, "relative_strength": -14.06205, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.905824, "energy": 59.075012, "activity_lines": [ 58.133791, 60.073558, 63.051757, 63.829426 ] }, { "date": "2024-05-17", "close": 59.151245, "volume": 14649606, "typical_volume": 19166686.35, "trend": 63.906785, "fair_value": 45.999296, "relative_strength": -13.140972, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.515318, "energy": 44.704246, "activity_lines": [ 58.606555, 59.572506, 62.544611, 63.548794 ] }, { "date": "2024-05-24", "close": 57.206341, "volume": 11438552, "typical_volume": 19238728.75, "trend": 64.000985, "fair_value": 46.183718, "relative_strength": -16.481736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.817025, "energy": 41.900548, "activity_lines": [ 58.368297, 58.798286, 61.88719, 63.116507 ] }, { "date": "2024-05-31", "close": 56.851021, "volume": 11826845, "typical_volume": 19075223.8, "trend": 63.906788, "fair_value": 46.369097, "relative_strength": -16.010246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.83905, "energy": 43.128671, "activity_lines": [ 57.849655, 58.136443, 61.233163, 62.655219 ] }, { "date": "2024-06-07", "close": 54.569504, "volume": 12131943, "typical_volume": 18920851.8, "trend": 63.728489, "fair_value": 46.542635, "relative_strength": -19.541331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.569099, "energy": 59.18376, "activity_lines": [ 56.626611, 57.299996, 60.402251, 62.052814 ] }, { "date": "2024-06-14", "close": 52.755505, "volume": 21240064, "typical_volume": 19322662.2, "trend": 63.402886, "fair_value": 46.722379, "relative_strength": -19.828367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.967081, "energy": 76.901093, "activity_lines": [ 55.078169, 56.379045, 59.430868, 61.344879 ] }, { "date": "2024-06-21", "close": 54.101978, "volume": 16428935, "typical_volume": 18916241.5, "trend": 63.047978, "fair_value": 46.905453, "relative_strength": -17.66122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.299342, "energy": 77.293676, "activity_lines": [ 54.40992, 55.866707, 58.639904, 60.744821 ] }, { "date": "2024-06-28", "close": 53.821465, "volume": 18736306, "typical_volume": 19084250.95, "trend": 62.552025, "fair_value": 47.080845, "relative_strength": -17.518599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.621154, "energy": 76.49785, "activity_lines": [ 53.984785, 55.378066, 57.887056, 60.149562 ] }, { "date": "2024-07-05", "close": 54.251587, "volume": 11897811, "typical_volume": 18733725.5, "trend": 62.158397, "fair_value": 47.254547, "relative_strength": -16.009779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.849433, "energy": 71.907731, "activity_lines": [ 53.928683, 54.985005, 57.251281, 59.61405 ] }, { "date": "2024-07-12", "close": 55.803768, "volume": 11577115, "typical_volume": 18498045.55, "trend": 61.833187, "fair_value": 47.433617, "relative_strength": -15.556835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.558665, "energy": 48.855551, "activity_lines": [ 54.56327, 54.936722, 56.853413, 59.204074 ] }, { "date": "2024-07-19", "close": 52.84901, "volume": 12489684, "typical_volume": 18103716.1, "trend": 61.362902, "fair_value": 47.587592, "relative_strength": -17.929586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.418777, "energy": 52.005696, "activity_lines": [ 54.130653, 54.404934, 56.237768, 58.624449 ] }, { "date": "2024-07-26", "close": 50.604893, "volume": 17226946, "typical_volume": 17820446.85, "trend": 60.833341, "fair_value": 47.714379, "relative_strength": -21.401762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.127973, "energy": 59.1891, "activity_lines": [ 52.943763, 53.58107, 55.483797, 57.930384 ] }, { "date": "2024-08-02", "close": 47.949348, "volume": 13890506, "typical_volume": 17518589.45, "trend": 60.264145, "fair_value": 47.82392, "relative_strength": -21.852143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.752946, "energy": 75.264079, "activity_lines": [ 51.104831, 52.429769, 54.538685, 57.099159 ] }, { "date": "2024-08-09", "close": 47.724937, "volume": 12445296, "typical_volume": 17221263.3, "trend": 59.677116, "fair_value": 47.924475, "relative_strength": -21.678276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.335744, "energy": 88.101441, "activity_lines": [ 49.58257, 51.405974, 53.662633, 56.290178 ] }, { "date": "2024-08-16", "close": 47.014301, "volume": 10722906, "typical_volume": 17091202.75, "trend": 59.199245, "fair_value": 48.043833, "relative_strength": -24.782513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.778536, "energy": 88.964496, "activity_lines": [ 48.25854, 50.418901, 52.825273, 55.473222 ] }, { "date": "2024-08-23", "close": 46.958199, "volume": 9496445, "typical_volume": 16155351.3, "trend": 58.640717, "fair_value": 48.155689, "relative_strength": -25.338893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.137928, "energy": 86.9097, "activity_lines": [ 47.501773, 49.558996, 52.082796, 54.683477 ] }, { "date": "2024-08-30", "close": 45.714581, "volume": 17296968, "typical_volume": 15631183.05, "trend": 57.907314, "fair_value": 48.268333, "relative_strength": -27.959298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.414365, "energy": 82.770657, "activity_lines": [ 46.723188, 48.578384, 51.292385, 53.849533 ] }, { "date": "2024-09-06", "close": 41.721916, "volume": 15295706, "typical_volume": 15180444.25, "trend": 56.971237, "fair_value": 48.358168, "relative_strength": -30.838818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.803595, "energy": 88.327956, "activity_lines": [ 44.939736, 47.02433, 50.181225, 52.805313 ] }, { "date": "2024-09-13", "close": 42.759827, "volume": 13805452, "typical_volume": 14183232.0, "trend": 55.957615, "fair_value": 48.454701, "relative_strength": -30.018799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.429081, "energy": 84.990311, "activity_lines": [ 43.917416, 45.87898, 49.231081, 51.888448 ] }, { "date": "2024-09-20", "close": 44.321358, "volume": 18566517, "typical_volume": 14265929.7, "trend": 55.129464, "fair_value": 48.57418, "relative_strength": -28.626076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.393172, "energy": 70.05925, "activity_lines": [ 43.746614, 45.226486, 48.500763, 51.137722 ] }, { "date": "2024-09-27", "close": 49.48283, "volume": 21927484, "typical_volume": 14654554.35, "trend": 54.489464, "fair_value": 48.729082, "relative_strength": -21.803332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.391272, "energy": 56.078034, "activity_lines": [ 45.475832, 45.721212, 48.330761, 50.773423 ] }, { "date": "2024-10-04", "close": 48.024155, "volume": 13726324, "typical_volume": 14608390.25, "trend": 53.971069, "fair_value": 48.874544, "relative_strength": -22.750625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.839563, "energy": 37.179948, "activity_lines": [ 46.550516, 46.011927, 48.068235, 50.356306 ] }, { "date": "2024-10-11", "close": 45.312508, "volume": 14594488, "typical_volume": 14766187.05, "trend": 53.250143, "fair_value": 48.990135, "relative_strength": -26.330569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.957609, "energy": 29.791417, "activity_lines": [ 46.567346, 45.856539, 47.600443, 49.79769 ] }, { "date": "2024-10-18", "close": 45.041344, "volume": 11643966, "typical_volume": 14757043.1, "trend": 52.416087, "fair_value": 49.100979, "relative_strength": -26.617126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.582322, "energy": 26.970595, "activity_lines": [ 46.254416, 45.69979, 47.163463, 49.26809 ] }, { "date": "2024-10-25", "close": 46.528072, "volume": 16706988, "typical_volume": 14985795.35, "trend": 51.698299, "fair_value": 49.206889, "relative_strength": -23.602852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.762417, "energy": 29.464641, "activity_lines": [ 46.28496, 45.862148, 46.924313, 48.888218 ] }, { "date": "2024-11-01", "close": 46.602879, "volume": 12618660, "typical_volume": 14554725.15, "trend": 51.192911, "fair_value": 49.318219, "relative_strength": -21.801326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.388643, "energy": 31.580192, "activity_lines": [ 46.193326, 46.046948, 46.730579, 48.559481 ] }, { "date": "2024-11-08", "close": 51.371632, "volume": 23253870, "typical_volume": 14895971.9, "trend": 50.964951, "fair_value": 49.464026, "relative_strength": -13.260286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.422878, "energy": 6.796826, "activity_lines": [ 47.883273, 47.105255, 47.020311, 48.571011 ] }, { "date": "2024-11-15", "close": 48.117661, "volume": 15433013, "typical_volume": 14730807.25, "trend": 50.742967, "fair_value": 49.590457, "relative_strength": -16.534091, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.42769, "energy": 15.313033, "activity_lines": [ 48.265397, 47.469074, 47.013143, 48.387315 ] }, { "date": "2024-11-22", "close": 47.089104, "volume": 10692553, "typical_volume": 14670544.35, "trend": 50.389518, "fair_value": 49.718605, "relative_strength": -17.741437, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.668645, "energy": 13.863748, "activity_lines": [ 48.117659, 47.529598, 46.935177, 48.151582 ] }, { "date": "2024-11-29", "close": 46.144703, "volume": 12504595, "typical_volume": 14716918.35, "trend": 49.969057, "fair_value": 49.836477, "relative_strength": -18.545639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.033711, "energy": 14.19222, "activity_lines": [ 47.518604, 47.339697, 46.801376, 47.877723 ] }, { "date": "2024-12-06", "close": 46.284962, "volume": 18764486, "typical_volume": 15030658.45, "trend": 49.537688, "fair_value": 49.939121, "relative_strength": -20.701815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.577879, "energy": 19.38304, "activity_lines": [ 46.991859, 47.142147, 46.726928, 47.64004 ] }, { "date": "2024-12-13", "close": 44.022144, "volume": 17059870, "typical_volume": 15022304.65, "trend": 49.033384, "fair_value": 50.020073, "relative_strength": -22.182357, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.430024, "energy": 32.458086, "activity_lines": [ 45.732036, 46.591318, 46.468231, 47.284198 ] }, { "date": "2024-12-20", "close": 40.37545, "volume": 24050445, "typical_volume": 15530301.6, "trend": 48.472355, "fair_value": 50.074325, "relative_strength": -25.505265, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.775053, "energy": 65.102927, "activity_lines": [ 43.746615, 45.450218, 45.893577, 46.725622 ] }, { "date": "2024-12-27", "close": 40.964531, "volume": 5104691, "typical_volume": 15163271.35, "trend": 47.942805, "fair_value": 50.132038, "relative_strength": -24.13898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.735826, "energy": 73.699775, "activity_lines": [ 42.473701, 44.505988, 45.411091, 46.241246 ] }, { "date": "2025-01-03", "close": 40.964531, "volume": 7958172, "typical_volume": 15025034.65, "trend": 47.489306, "fair_value": 50.183148, "relative_strength": -24.005043, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.386893, "energy": 76.927946, "activity_lines": [ 41.609092, 43.635882, 44.960798, 45.791035 ] }, { "date": "2025-01-10", "close": 39.505852, "volume": 13495337, "typical_volume": 15224979.25, "trend": 47.047651, "fair_value": 50.200561, "relative_strength": -26.270693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.999976, "energy": 80.7573, "activity_lines": [ 40.603601, 42.601717, 44.400392, 45.275973 ] }, { "date": "2025-01-17", "close": 41.37595, "volume": 14233552, "typical_volume": 15071808.45, "trend": 46.62345, "fair_value": 50.245953, "relative_strength": -24.802596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.886369, "energy": 69.993045, "activity_lines": [ 40.673418, 42.036607, 44.053577, 44.910057 ] }, { "date": "2025-01-24", "close": 43.685524, "volume": 17146025, "typical_volume": 15164324.4, "trend": 46.285585, "fair_value": 50.314595, "relative_strength": -21.40479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.387846, "energy": 42.175132, "activity_lines": [ 41.689505, 42.073159, 43.947383, 44.720513 ] }, { "date": "2025-01-31", "close": 49.108814, "volume": 33995627, "typical_volume": 16173833.15, "trend": 46.114159, "fair_value": 50.414094, "relative_strength": -10.833676, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.929741, "energy": 9.711176, "activity_lines": [ 44.292683, 43.176348, 44.348341, 44.902657 ] }, { "date": "2025-02-07", "close": 52.138374, "volume": 26780737, "typical_volume": 16584544.15, "trend": 45.99198, "fair_value": 50.52093, "relative_strength": -3.334739, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 27.782385, "energy": 33.156946, "activity_lines": [ 47.362763, 44.793644, 45.007596, 45.291316 ] }, { "date": "2025-02-14", "close": 57.561665, "volume": 30664395, "typical_volume": 17021389.7, "trend": 46.149068, "fair_value": 50.671245, "relative_strength": 4.591092, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 60.467513, "energy": 62.685396, "activity_lines": [ 51.495684, 47.288017, 46.14613, 46.037747 ] }, { "date": "2025-02-21", "close": 59.843182, "volume": 26125042, "typical_volume": 17641325.6, "trend": 46.457011, "fair_value": 50.831288, "relative_strength": 9.11288, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.818826, "energy": 95.775022, "activity_lines": [ 55.18539, 49.99218, 47.463482, 46.921239 ] }, { "date": "2025-02-28", "close": 60.385513, "volume": 21708671, "typical_volume": 17997034.75, "trend": 46.87155, "fair_value": 50.981377, "relative_strength": 10.690933, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.472866, "energy": 93.857891, "activity_lines": [ 57.824723, 52.507294, 48.776202, 47.819852 ] }, { "date": "2025-03-07", "close": 61.918999, "volume": 33299667, "typical_volume": 19079819.8, "trend": 47.344685, "fair_value": 51.135996, "relative_strength": 13.627438, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.46993, "energy": 93.084053, "activity_lines": [ 59.861886, 54.937404, 50.163193, 48.790655 ] }, { "date": "2025-03-14", "close": 64.069611, "volume": 27602428, "typical_volume": 19624591.8, "trend": 47.913196, "fair_value": 51.29353, "relative_strength": 19.919521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.544641, "energy": 93.233436, "activity_lines": [ 61.761908, 57.377544, 51.674635, 49.869682 ] }, { "date": "2025-03-21", "close": 64.929855, "volume": 28364568, "typical_volume": 20411887.2, "trend": 48.512251, "fair_value": 51.408244, "relative_strength": 24.334524, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.918432, "energy": 90.830656, "activity_lines": [ 63.153262, 59.554, 53.184473, 50.967531 ] }, { "date": "2025-03-28", "close": 58.552814, "volume": 19925405, "typical_volume": 20245463.95, "trend": 48.940192, "fair_value": 51.494837, "relative_strength": 16.396544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.031982, "energy": 65.571671, "activity_lines": [ 61.927722, 60.108739, 53.999703, 51.61531 ] }, { "date": "2025-04-04", "close": 50.92281, "volume": 20521268, "typical_volume": 20499876.7, "trend": 49.246888, "fair_value": 51.536423, "relative_strength": 12.79633, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.655033, "energy": 40.96345, "activity_lines": [ 58.244873, 58.963898, 54.054069, 51.74322 ] }, { "date": "2025-04-11", "close": 51.726948, "volume": 29035975, "typical_volume": 21417047.8, "trend": 49.545792, "fair_value": 51.576887, "relative_strength": 15.119467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.159238, "energy": 23.503023, "activity_lines": [ 55.460916, 57.833677, 54.171662, 51.903224 ] }, { "date": "2025-04-18", "close": 53.896267, "volume": 10834112, "typical_volume": 21333523.65, "trend": 49.864956, "fair_value": 51.631356, "relative_strength": 15.865022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.148615, "energy": 28.149432, "activity_lines": [ 54.079536, 57.050275, 54.473772, 52.1839 ] }, { "date": "2025-04-25", "close": 55.934677, "volume": 10676977, "typical_volume": 20929148.2, "trend": 50.080018, "fair_value": 51.702421, "relative_strength": 16.654309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.894691, "energy": 26.161128, "activity_lines": [ 54.055849, 56.605532, 54.933104, 52.575495 ] }, { "date": "2025-05-02", "close": 61.387074, "volume": 21364598, "typical_volume": 21144384.6, "trend": 50.525448, "fair_value": 51.840599, "relative_strength": 25.956099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.77129, "energy": 22.874328, "activity_lines": [ 56.449306, 57.181715, 55.865761, 53.304982 ] }, { "date": "2025-05-09", "close": 57.368729, "volume": 15019508, "typical_volume": 20692837.75, "trend": 50.927322, "fair_value": 51.956156, "relative_strength": 18.261334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.582837, "energy": 27.955002, "activity_lines": [ 57.314364, 56.999219, 56.333029, 53.746484 ] }, { "date": "2025-05-16", "close": 56.861557, "volume": 17995064, "typical_volume": 21337356.4, "trend": 51.321329, "fair_value": 52.060814, "relative_strength": 12.877195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.53359, "energy": 31.861027, "activity_lines": [ 57.580636, 56.77936, 56.671074, 54.129338 ] }, { "date": "2025-05-23", "close": 55.16449, "volume": 17690840, "typical_volume": 21823989.8, "trend": 51.60921, "fair_value": 52.139885, "relative_strength": 12.306875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.043287, "energy": 25.294205, "activity_lines": [ 56.938913, 56.342898, 56.771793, 54.377284 ] }, { "date": "2025-05-30", "close": 55.496101, "volume": 10656912, "typical_volume": 21682068.55, "trend": 51.905651, "fair_value": 52.214316, "relative_strength": 12.192212, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.040897, "energy": 16.332552, "activity_lines": [ 56.323178, 56.128639, 56.836475, 54.628051 ] }, { "date": "2025-06-06", "close": 58.109978, "volume": 17521269, "typical_volume": 21846454.4, "trend": 52.130262, "fair_value": 52.328741, "relative_strength": 16.036927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.015389, "energy": 17.897182, "activity_lines": [ 56.607974, 56.561154, 57.073954, 55.02833 ] }, { "date": "2025-06-13", "close": 55.691166, "volume": 18105994, "typical_volume": 21894452.85, "trend": 52.382713, "fair_value": 52.463009, "relative_strength": 13.780037, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.705528, "energy": 10.62361, "activity_lines": [ 56.304972, 56.561936, 57.001385, 55.258066 ] }, { "date": "2025-06-20", "close": 53.350384, "volume": 10704339, "typical_volume": 20729888.45, "trend": 52.591422, "fair_value": 52.597127, "relative_strength": 9.470549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.217727, "energy": 6.385369, "activity_lines": [ 55.333547, 56.050425, 56.648713, 55.320496 ] }, { "date": "2025-06-27", "close": 54.579292, "volume": 14266717, "typical_volume": 20104187.45, "trend": 52.872575, "fair_value": 52.741476, "relative_strength": 9.266606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.422599, "energy": 8.666189, "activity_lines": [ 55.005837, 55.732834, 56.392883, 55.448746 ] }, { "date": "2025-07-04", "close": 54.754852, "volume": 13622801, "typical_volume": 19252107.75, "trend": 53.154904, "fair_value": 52.877685, "relative_strength": 9.280287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.374961, "energy": 11.806001, "activity_lines": [ 54.775659, 55.434744, 56.142149, 55.570183 ] }, { "date": "2025-07-11", "close": 59.33889, "volume": 12721741, "typical_volume": 18581942.7, "trend": 53.665463, "fair_value": 53.043131, "relative_strength": 16.679366, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.063283, "energy": 16.564926, "activity_lines": [ 56.122911, 55.991567, 56.341357, 55.96915 ] }, { "date": "2025-07-18", "close": 58.89024, "volume": 12185795, "typical_volume": 18105798.9, "trend": 54.282622, "fair_value": 53.188836, "relative_strength": 15.437158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.918667, "energy": 25.828594, "activity_lines": [ 57.238686, 56.504057, 56.500237, 56.306233 ] }, { "date": "2025-07-25", "close": 56.432415, "volume": 31625631, "typical_volume": 18022097.1, "trend": 54.798218, "fair_value": 53.323394, "relative_strength": 7.878804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.371453, "energy": 20.291766, "activity_lines": [ 57.321913, 56.542006, 56.432158, 56.444929 ] }, { "date": "2025-08-01", "close": 53.642979, "volume": 14140845, "typical_volume": 17349017.95, "trend": 55.220833, "fair_value": 53.441542, "relative_strength": 5.314899, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.139282, "energy": 7.465064, "activity_lines": [ 56.26986, 56.080588, 56.124546, 56.370397 ] }, { "date": "2025-08-08", "close": 54.852386, "volume": 14588866, "typical_volume": 16660232.85, "trend": 55.732385, "fair_value": 53.551853, "relative_strength": 4.652192, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.454091, "energy": 9.794148, "activity_lines": [ 55.683364, 55.866725, 55.981766, 56.346627 ] }, { "date": "2025-08-15", "close": 54.32571, "volume": 8725615, "typical_volume": 16100243.35, "trend": 56.164043, "fair_value": 53.665062, "relative_strength": 1.970866, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.614816, "energy": 17.88068, "activity_lines": [ 54.914807, 55.568808, 55.836814, 56.255873 ] }, { "date": "2025-08-22", "close": 54.286694, "volume": 13787612, "typical_volume": 15763560.55, "trend": 56.517416, "fair_value": 53.769785, "relative_strength": -0.120632, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.987233, "energy": 35.270391, "activity_lines": [ 54.467456, 55.332601, 55.708276, 56.134754 ] }, { "date": "2025-08-29", "close": 52.33604, "volume": 12910592, "typical_volume": 14957291.4, "trend": 56.62499, "fair_value": 53.863965, "relative_strength": -1.592804, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.089564, "energy": 47.823574, "activity_lines": [ 53.67679, 54.767266, 55.377943, 55.864988 ] }, { "date": "2025-09-05", "close": 51.692326, "volume": 11934480, "typical_volume": 15012309.8, "trend": 56.610121, "fair_value": 53.947645, "relative_strength": -3.10175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.478351, "energy": 52.598754, "activity_lines": [ 52.944645, 54.103334, 54.983403, 55.546752 ] }, { "date": "2025-09-12", "close": 51.614296, "volume": 10656639, "typical_volume": 15011292.9, "trend": 56.411876, "fair_value": 54.035335, "relative_strength": -3.808256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.041001, "energy": 52.467871, "activity_lines": [ 52.316533, 53.477705, 54.591926, 55.22444 ] }, { "date": "2025-09-19", "close": 51.224171, "volume": 16996167, "typical_volume": 14792871.35, "trend": 56.124575, "fair_value": 54.131409, "relative_strength": -5.129238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.913927, "energy": 54.849535, "activity_lines": [ 51.774253, 52.838246, 54.183868, 54.88975 ] }, { "date": "2025-09-26", "close": 52.41407, "volume": 19468285, "typical_volume": 15015310.2, "trend": 55.858861, "fair_value": 54.232855, "relative_strength": -2.958161, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.381975, "energy": 45.815202, "activity_lines": [ 51.835374, 52.562672, 53.937529, 54.650362 ] }, { "date": "2025-10-03", "close": 61.952766, "volume": 32720062, "typical_volume": 15751560.1, "trend": 55.859986, "fair_value": 54.38162, "relative_strength": 10.712995, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.347528, "energy": 6.36342, "activity_lines": [ 55.200903, 54.139155, 54.62323, 55.043517 ] }, { "date": "2025-10-10", "close": 59.924084, "volume": 25848047, "typical_volume": 16159420.45, "trend": 55.721802, "fair_value": 54.508753, "relative_strength": 7.470273, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.794702, "energy": 23.343743, "activity_lines": [ 57.249089, 55.246417, 55.09148, 55.305717 ] }, { "date": "2025-10-17", "close": 56.100803, "volume": 14392816, "typical_volume": 16346215.65, "trend": 55.4275, "fair_value": 54.599317, "relative_strength": 0.520969, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.467425, "energy": 22.475647, "activity_lines": [ 57.474064, 55.544335, 55.172943, 55.330169 ] }, { "date": "2025-10-24", "close": 57.895405, "volume": 17952689, "typical_volume": 16367786.65, "trend": 55.405587, "fair_value": 54.716191, "relative_strength": 0.290554, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.768007, "energy": 37.266182, "activity_lines": [ 57.998139, 56.145846, 55.42244, 55.489388 ] }, { "date": "2025-10-31", "close": 57.641819, "volume": 9395667, "typical_volume": 15932270.3, "trend": 55.629554, "fair_value": 54.815457, "relative_strength": 0.323638, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.443051, "energy": 54.485105, "activity_lines": [ 57.992937, 56.636346, 55.648809, 55.633662 ] }, { "date": "2025-11-07", "close": 57.778366, "volume": 21087243, "typical_volume": 16451415.5, "trend": 55.831268, "fair_value": 54.903537, "relative_strength": 1.710652, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 24.845131, "energy": 24.847048, "activity_lines": [ 57.684734, 57.090672, 55.878893, 55.772295 ] }, { "date": "2025-11-14", "close": 59.943588, "volume": 13500892, "typical_volume": 16413124.25, "trend": 56.032845, "fair_value": 55.008341, "relative_strength": 4.355062, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.888214, "energy": 45.592618, "activity_lines": [ 58.376565, 57.839722, 56.294104, 56.037606 ] }, { "date": "2025-11-21", "close": 59.807045, "volume": 15133393, "typical_volume": 16488653.85, "trend": 56.161924, "fair_value": 55.112172, "relative_strength": 6.010368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.967911, "energy": 46.282664, "activity_lines": [ 59.021581, 58.413924, 56.670766, 56.281102 ] }, { "date": "2025-11-28", "close": 64.566635, "volume": 22182090, "typical_volume": 16961671.3, "trend": 56.267909, "fair_value": 55.238472, "relative_strength": 10.329267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.585644, "energy": 67.583856, "activity_lines": [ 61.006045, 59.704546, 57.476664, 56.823342 ] }, { "date": "2025-12-05", "close": 66.127167, "volume": 12482578, "typical_volume": 16976510.45, "trend": 56.559857, "fair_value": 55.366539, "relative_strength": 10.864939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.843202, "energy": 80.815376, "activity_lines": [ 63.065937, 61.036311, 58.40629, 57.459423 ] }, { "date": "2025-12-12", "close": 68.116829, "volume": 16297144, "typical_volume": 16210086.1, "trend": 56.935033, "fair_value": 55.540699, "relative_strength": 13.710124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.695769, "energy": 86.730624, "activity_lines": [ 65.22336, 62.480504, 59.490946, 58.205034 ] }, { "date": "2025-12-19", "close": 67.707191, "volume": 15417449, "typical_volume": 16273916.3, "trend": 57.353123, "fair_value": 55.709389, "relative_strength": 11.461845, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.190203, "energy": 86.072794, "activity_lines": [ 66.555006, 63.738144, 60.480949, 58.900012 ] }, { "date": "2025-12-26", "close": 66.751373, "volume": 4591229, "typical_volume": 15774034.45, "trend": 57.728299, "fair_value": 55.871559, "relative_strength": 8.903112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.516578, "energy": 81.399726, "activity_lines": [ 67.050472, 64.680487, 61.312949, 59.506351 ] }, { "date": "2026-01-02", "close": 71.003799, "volume": 8247996, "typical_volume": 15750153.5, "trend": 58.158093, "fair_value": 56.046674, "relative_strength": 13.70332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.832646, "energy": 90.66291, "activity_lines": [ 68.500459, 66.202352, 62.493281, 60.362835 ] }, { "date": "2026-01-09", "close": 73.130013, "volume": 10929912, "typical_volume": 15607268.5, "trend": 58.739388, "fair_value": 56.213748, "relative_strength": 12.538877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.076863, "energy": 92.54147, "activity_lines": [ 70.230039, 67.872467, 63.796689, 61.328765 ] }, { "date": "2026-01-16", "close": 73.871254, "volume": 24231080, "typical_volume": 16173292.9, "trend": 59.423417, "fair_value": 56.377435, "relative_strength": 10.440973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.783801, "energy": 92.129452, "activity_lines": [ 71.739844, 69.395749, 65.080962, 62.305014 ] }, { "date": "2026-01-23", "close": 75.860924, "volume": 20132661, "typical_volume": 16583201.95, "trend": 60.132804, "fair_value": 56.509459, "relative_strength": 13.500154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.262147, "energy": 92.727941, "activity_lines": [ 73.529243, 70.988192, 66.452179, 63.365499 ] }, { "date": "2026-01-30", "close": 71.803566, "volume": 28509202, "typical_volume": 17475830.1, "trend": 60.701095, "fair_value": 56.62626, "relative_strength": 6.477787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.829476, "energy": 68.829666, "activity_lines": [ 73.422608, 71.553527, 67.321892, 64.118451 ] }, { "date": "2026-02-06", "close": 74.710037, "volume": 18900984, "typical_volume": 17571070.95, "trend": 61.213466, "fair_value": 56.775223, "relative_strength": 7.067433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.112063, "energy": 66.030336, "activity_lines": [ 73.947983, 72.429193, 68.372272, 65.022254 ] }, { "date": "2026-02-13", "close": 73.110504, "volume": 28133926, "typical_volume": 18004353.0, "trend": 61.687475, "fair_value": 56.893538, "relative_strength": 4.596018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.650794, "energy": 54.535568, "activity_lines": [ 73.693098, 72.829609, 69.158479, 65.789805 ] }, { "date": "2026-02-20", "close": 75.1782, "volume": 19809061, "typical_volume": 17358802.95, "trend": 62.312335, "fair_value": 57.028735, "relative_strength": 5.350401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.011844, "energy": 51.022753, "activity_lines": [ 74.128746, 73.479, 70.043054, 66.660174 ] }, { "date": "2026-02-27", "close": 77.909111, "volume": 20787146, "typical_volume": 17105757.9, "trend": 63.121206, "fair_value": 57.155945, "relative_strength": 7.559152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.111233, "energy": 56.745366, "activity_lines": [ 75.387567, 74.496532, 71.124738, 67.666418 ] }, { "date": "2026-03-06", "close": 71.140343, "volume": 17893623, "typical_volume": 17280798.25, "trend": 63.664138, "fair_value": 57.245746, "relative_strength": 4.103648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.900254, "energy": 42.231302, "activity_lines": [ 74.253587, 74.097889, 71.476134, 68.183781 ] }, { "date": "2026-03-13", "close": 68.643501, "volume": 16601098, "typical_volume": 17213218.7, "trend": 64.141397, "fair_value": 57.357292, "relative_strength": 1.208924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.947613, "energy": 28.194964, "activity_lines": [ 72.331541, 73.165475, 71.518119, 68.505031 ] }, { "date": "2026-03-20", "close": 65.834564, "volume": 17344675, "typical_volume": 17610669.1, "trend": 64.526326, "fair_value": 57.452695, "relative_strength": 2.436729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.778557, "energy": 15.111359, "activity_lines": [ 69.877618, 71.765261, 71.241405, 68.614267 ] }, { "date": "2026-03-27", "close": 69.579819, "volume": 22866513, "typical_volume": 17699632.6, "trend": 65.101119, "fair_value": 57.536317, "relative_strength": 8.175843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.885712, "energy": 18.232082, "activity_lines": [ 69.157177, 71.178646, 71.282369, 68.940299 ] }, { "date": "2026-04-03", "close": 73.286064, "volume": 12002512, "typical_volume": 17624713.6, "trend": 65.82091, "fair_value": 57.655856, "relative_strength": 9.797979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.99015, "energy": 17.637778, "activity_lines": [ 70.045376, 71.34392, 71.620111, 69.46836 ] }, { "date": "2026-04-10", "close": 77.557991, "volume": 17527842, "typical_volume": 17744436.05, "trend": 66.6857, "fair_value": 57.776304, "relative_strength": 10.599425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.027983, "energy": 25.922059, "activity_lines": [ 72.665753, 72.332724, 72.301167, 70.225591 ] }, { "date": "2026-04-17", "close": 82.044502, "volume": 22723003, "typical_volume": 17771481.7, "trend": 67.713044, "fair_value": 57.939482, "relative_strength": 14.059258, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.078734, "energy": 52.536517, "activity_lines": [ 76.353791, 74.032631, 73.324982, 71.216481 ] }, { "date": "2026-04-24", "close": 80.835091, "volume": 12077855, "typical_volume": 17751245.55, "trend": 68.660412, "fair_value": 58.075443, "relative_strength": 15.019554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.182368, "energy": 67.110948, "activity_lines": [ 78.745292, 75.379291, 74.150387, 72.063065 ] }, { "date": "2026-05-01", "close": 83.239998, "volume": 13693622, "typical_volume": 17621069.45, "trend": 69.369986, "fair_value": 58.225493, "relative_strength": 19.781602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.410197, "energy": 75.2215, "activity_lines": [ 80.938394, 77.02276, 75.134793, 73.003683 ] }, { "date": "2026-05-08", "close": 85.059998, "volume": 14801621, "typical_volume": 17590278.05, "trend": 70.20785, "fair_value": 58.406122, "relative_strength": 21.438022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.825211, "energy": 76.572011, "activity_lines": [ 82.827483, 78.85056, 76.220518, 74.015942 ] }, { "date": "2026-05-15", "close": 84.199997, "volume": 9112703, "typical_volume": 17816351.75, "trend": 71.14449, "fair_value": 58.570288, "relative_strength": 21.135056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.437094, "energy": 73.332141, "activity_lines": [ 83.644977, 80.39198, 77.141705, 74.918661 ] }, { "date": "2026-05-22", "close": 90.519997, "volume": 13375793, "typical_volume": 18072741.6, "trend": 72.231976, "fair_value": 58.778728, "relative_strength": 25.001886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.290818, "energy": 78.851152, "activity_lines": [ 86.126337, 82.845042, 78.581708, 76.168694 ] }, { "date": "2026-05-29", "close": 95.18, "volume": 15308073, "typical_volume": 18291649.65, "trend": 73.483249, "fair_value": 58.98729, "relative_strength": 30.88832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.699704, "energy": 85.405485, "activity_lines": [ 89.595998, 85.747624, 80.372587, 77.649212 ] }, { "date": "2026-06-05", "close": 97.220001, "volume": 3098364, "typical_volume": 17235013.85, "trend": 74.79797, "fair_value": 59.194883, "relative_strength": 33.719689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.277246, "energy": 91.015212, "activity_lines": [ 92.789333, 88.487561, 82.252751, 79.180615 ] }, { "date": "2026-06-12", "close": 101.0, "volume": 3036902, "typical_volume": 16380225.9, "trend": 76.166517, "fair_value": 59.409565, "relative_strength": 37.931261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.190907, "energy": 93.8043, "activity_lines": [ 96.310666, 91.412222, 84.381731, 80.871069 ] }, { "date": "2026-06-19", "close": 94.220001, "volume": 15691048, "typical_volume": 15739318.2, "trend": 77.313616, "fair_value": 59.593835, "relative_strength": 25.235163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.393995, "energy": 85.13374, "activity_lines": [ 96.509334, 92.600266, 85.745287, 82.03581 ] }, { "date": "2026-06-26", "close": 91.400002, "volume": 1946056, "typical_volume": 14891571.8, "trend": 78.208061, "fair_value": 59.766664, "relative_strength": 21.740741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.097223, "energy": 71.194495, "activity_lines": [ 95.100001, 92.972638, 86.733527, 82.944609 ] }, { "date": "2026-07-03", "close": 93.339996, "volume": 1892011, "typical_volume": 13579476.05, "trend": 79.115156, "fair_value": 59.962214, "relative_strength": 20.071074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.092361, "energy": 56.445206, "activity_lines": [ 94.278666, 93.527636, 87.827052, 83.920863 ] }, { "date": "2026-07-10", "close": 95.82, "volume": 8466335, "typical_volume": 13012339.75, "trend": 80.038595, "fair_value": 60.162492, "relative_strength": 25.259436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.338825, "energy": 50.54378, "activity_lines": [ 94.406666, 94.306181, 89.060437, 84.998594 ] }, { "date": "2026-07-17", "close": 99.32, "volume": 10773955, "typical_volume": 12511680.2, "trend": 81.092355, "fair_value": 60.452779, "relative_strength": 30.22943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.22297, "energy": 55.320926, "activity_lines": [ 95.794666, 95.492363, 90.528861, 86.242556 ] }, { "date": "2026-07-24", "close": 100.099998, "volume": 19695129, "typical_volume": 12601755.5, "trend": 82.203976, "fair_value": 60.748618, "relative_strength": 28.111903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.382313, "energy": 57.34617, "activity_lines": [ 97.554666, 96.56109, 91.969613, 87.468856 ] }, { "date": "2026-07-31", "close": 100.050003, "volume": 14103224, "typical_volume": 12476861.8, "trend": 83.172182, "fair_value": 61.043916, "relative_strength": 25.231762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.239922, "energy": 58.796187, "activity_lines": [ 98.906, 97.331636, 93.267702, 88.620212 ] }, { "date": "2026-08-07", "close": 102.050003, "volume": 13918262, "typical_volume": 12305541.15, "trend": 84.136182, "fair_value": 61.360107, "relative_strength": 24.266724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.414748, "energy": 67.622176, "activity_lines": [ 100.347335, 98.292546, 94.606711, 89.838136 ] } ], "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." } } }