{ "ticker": { "uuid": "9605ceb4-df38-466e-99ae-6379eec2c64c", "symbol": "MATW", "name": "Matthews International Corporation", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -23.586, "architecture_energy": 14.519, "architecture_maturity": 28.082, "architecture_confidence": 77.898, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 63.16, "rotation_up": 29.15, "upward_expansion": 30.5, "deceleration": 50.41, "rotation_down": 38.48, "downward_expansion": 25.84 }, "activity_lines": [ 26.276667, 26.563091, 26.698517, 26.533299 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 23.7, "trend_reference": 26.363386, "distance_from_trend": -0.101026, "trend_direction": "Improving", "fair_value": 25.882594, "distance_from_fair_value": -0.084327, "fair_value_direction": "Weakening", "relative_strength": -18.42108, "relative_strength_direction": "Weakening", "price_momentum": -0.110938, "excess_performance": -0.298392, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.101026, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.020314, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.084327, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.121841, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.184211, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.139283, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.110938, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.787566, "read": "Supply-led" } ], "volume": { "latest": 3529492, "relative_activity": 2.592977, "balance": 0.787566, "dry_up": 1.282628, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.084857, "annualized_volatility": 0.312127, "from_high_reference": -0.226718, "from_low_reference": 0.111542 }, "levels": { "trend_reference": 26.363386, "fair_value_reference": 25.882594, "structural_low": 22.71, "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": 14, "median_return": -0.004977, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.030836, "regime_survival": 0.714286, "best_return": 0.124286, "worst_return": -0.123591, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.017519, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.048283, "regime_survival": 0.2, "best_return": 0.194163, "worst_return": -0.176785, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.05509, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.061136, "regime_survival": 0.0, "best_return": 0.213543, "worst_return": -0.091943, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.144239, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.081153, "regime_survival": 0.0, "best_return": 0.05798, "worst_return": -0.346458, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-22", "end": "2024-12-13", "tenure": "New", "return": -0.010622, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-02-07", "tenure": "Developing", "return": -0.036479, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": -0.031481, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.165854, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-27", "tenure": "Developing", "return": 0.263583, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.001179, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": -0.038653, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": -0.015625, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-10", "tenure": "Developing", "return": -0.099598, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-12-12", "tenure": "Developing", "return": 0.157937, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-02-13", "tenure": "Developing", "return": 0.013081, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.067096, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": -0.063834, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.065089, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 37.910327, "volume": 554368, "typical_volume": 513129.5, "trend": 35.436684, "fair_value": 28.793483, "relative_strength": 6.934608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.915662, "energy": 30.425512, "activity_lines": [ 39.507626, 39.981795, 38.452068, 37.045258 ] }, { "date": "2023-08-25", "close": 36.782682, "volume": 420982, "typical_volume": 516628.45, "trend": 35.648547, "fair_value": 28.911112, "relative_strength": 1.557806, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.478709, "energy": 23.290066, "activity_lines": [ 38.361924, 39.47799, 38.443791, 37.132097 ] }, { "date": "2023-09-01", "close": 37.892427, "volume": 480247, "typical_volume": 517679.15, "trend": 35.772455, "fair_value": 29.031982, "relative_strength": 0.361191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.385667, "energy": 25.399994, "activity_lines": [ 37.942545, 39.179253, 38.515089, 37.276863 ] }, { "date": "2023-09-08", "close": 34.939073, "volume": 623580, "typical_volume": 526496.85, "trend": 35.832734, "fair_value": 29.132169, "relative_strength": -6.60332, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.160916, "energy": 19.830387, "activity_lines": [ 36.75643, 38.298976, 38.281049, 37.223096 ] }, { "date": "2023-09-15", "close": 35.332854, "volume": 1214249, "typical_volume": 560421.35, "trend": 35.852441, "fair_value": 29.233766, "relative_strength": -5.48113, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.844488, "energy": 24.088863, "activity_lines": [ 36.104902, 37.545084, 38.07881, 37.190846 ] }, { "date": "2023-09-22", "close": 35.753483, "volume": 458983, "typical_volume": 550748.6, "trend": 35.940752, "fair_value": 29.347875, "relative_strength": -1.539487, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.350961, "energy": 28.763842, "activity_lines": [ 35.832239, 36.974556, 37.907998, 37.184462 ] }, { "date": "2023-09-29", "close": 34.822729, "volume": 510964, "typical_volume": 564607.45, "trend": 35.951716, "fair_value": 29.447953, "relative_strength": -4.623026, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.172023, "energy": 41.409039, "activity_lines": [ 35.393114, 36.364153, 37.639763, 37.112331 ] }, { "date": "2023-10-06", "close": 35.091216, "volume": 671898, "typical_volume": 579349.9, "trend": 36.051586, "fair_value": 29.542377, "relative_strength": -6.000278, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.37428, "energy": 42.992418, "activity_lines": [ 35.174148, 35.935403, 37.391774, 37.056815 ] }, { "date": "2023-10-13", "close": 34.80483, "volume": 402593, "typical_volume": 577058.15, "trend": 36.182332, "fair_value": 29.641597, "relative_strength": -7.19476, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.043886, "energy": 35.349855, "activity_lines": [ 35.046468, 35.564891, 37.117033, 36.976379 ] }, { "date": "2023-10-20", "close": 33.310254, "volume": 505267, "typical_volume": 581851.3, "trend": 36.267979, "fair_value": 29.726886, "relative_strength": -8.71333, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.635022, "energy": 45.53199, "activity_lines": [ 34.429545, 35.035078, 36.701498, 36.791084 ] }, { "date": "2023-10-27", "close": 31.511393, "volume": 673552, "typical_volume": 588709.35, "trend": 36.254424, "fair_value": 29.813059, "relative_strength": -11.423363, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.597855, "energy": 63.220029, "activity_lines": [ 33.347842, 34.280061, 36.127674, 36.484207 ] }, { "date": "2023-11-03", "close": 32.424248, "volume": 875801, "typical_volume": 592191.15, "trend": 36.29195, "fair_value": 29.905509, "relative_strength": -14.428048, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.104042, "energy": 73.024721, "activity_lines": [ 32.85323, 33.807361, 35.664378, 36.237099 ] }, { "date": "2023-11-10", "close": 33.363951, "volume": 531982, "typical_volume": 580604.5, "trend": 36.309461, "fair_value": 29.98382, "relative_strength": -14.503011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.228999, "energy": 71.246313, "activity_lines": [ 32.831751, 33.584761, 35.312196, 36.048196 ] }, { "date": "2023-11-17", "close": 32.853826, "volume": 670352, "typical_volume": 593629.05, "trend": 36.279873, "fair_value": 30.047879, "relative_strength": -17.362108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.163373, "energy": 61.123531, "activity_lines": [ 32.755381, 33.351747, 34.921322, 35.825252 ] }, { "date": "2023-11-24", "close": 30.938621, "volume": 424784, "typical_volume": 573039.35, "trend": 36.193822, "fair_value": 30.093055, "relative_strength": -22.618669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.276863, "energy": 52.683, "activity_lines": [ 32.170677, 32.808428, 34.372327, 35.480655 ] }, { "date": "2023-12-01", "close": 31.425276, "volume": 879223, "typical_volume": 595888.45, "trend": 36.11101, "fair_value": 30.1398, "relative_strength": -21.2569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.674707, "energy": 50.331061, "activity_lines": [ 31.906299, 32.433486, 33.918599, 35.173007 ] }, { "date": "2023-12-08", "close": 31.073803, "volume": 593387, "typical_volume": 596453.75, "trend": 36.02331, "fair_value": 30.191189, "relative_strength": -22.318831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.099037, "energy": 57.208851, "activity_lines": [ 31.530506, 32.073335, 33.485886, 34.848026 ] }, { "date": "2023-12-15", "close": 32.074149, "volume": 1630855, "typical_volume": 655923.9, "trend": 35.919087, "fair_value": 30.24637, "relative_strength": -22.156676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.847587, "energy": 54.177448, "activity_lines": [ 31.57819, 31.963227, 33.201087, 34.593241 ] }, { "date": "2023-12-22", "close": 34.678653, "volume": 981110, "typical_volume": 675167.6, "trend": 35.904056, "fair_value": 30.319423, "relative_strength": -16.373988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.576477, "energy": 29.733586, "activity_lines": [ 32.58003, 32.381521, 33.207593, 34.513213 ] }, { "date": "2023-12-29", "close": 33.029434, "volume": 460167, "typical_volume": 678217.2, "trend": 35.803477, "fair_value": 30.373993, "relative_strength": -20.303219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.931298, "energy": 22.486481, "activity_lines": [ 32.910474, 32.502252, 33.087079, 34.327754 ] }, { "date": "2024-01-05", "close": 31.578482, "volume": 707168, "typical_volume": 685857.2, "trend": 35.640583, "fair_value": 30.412205, "relative_strength": -20.708536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.347971, "energy": 22.798166, "activity_lines": [ 32.61788, 32.364278, 32.856396, 34.055173 ] }, { "date": "2024-01-12", "close": 31.27207, "volume": 590915, "typical_volume": 694353.85, "trend": 35.450852, "fair_value": 30.447385, "relative_strength": -23.33482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.968046, "energy": 25.328258, "activity_lines": [ 32.212936, 32.169374, 32.626681, 33.773334 ] }, { "date": "2024-01-19", "close": 30.037409, "volume": 564086, "typical_volume": 698545.8, "trend": 35.270724, "fair_value": 30.470908, "relative_strength": -27.806299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.684308, "energy": 47.092453, "activity_lines": [ 31.383219, 31.770934, 32.305621, 33.424079 ] }, { "date": "2024-01-26", "close": 30.938621, "volume": 580816, "typical_volume": 696407.6, "trend": 35.03693, "fair_value": 30.506034, "relative_strength": -25.661634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.13423, "energy": 56.49851, "activity_lines": [ 30.98969, 31.596834, 32.107796, 33.144589 ] }, { "date": "2024-02-02", "close": 27.874499, "volume": 865574, "typical_volume": 678973.85, "trend": 34.592361, "fair_value": 30.50722, "relative_strength": -33.215726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.993274, "energy": 76.643448, "activity_lines": [ 29.824122, 30.900443, 31.637199, 32.682497 ] }, { "date": "2024-02-09", "close": 26.602935, "volume": 1491944, "typical_volume": 730621.9, "trend": 34.050195, "fair_value": 30.496058, "relative_strength": -36.804711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.263459, "energy": 84.761355, "activity_lines": [ 28.578361, 30.028569, 31.081017, 32.16705 ] }, { "date": "2024-02-16", "close": 25.731005, "volume": 875682, "typical_volume": 748857.8, "trend": 33.503602, "fair_value": 30.478607, "relative_strength": -37.249529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.098898, "energy": 90.236068, "activity_lines": [ 27.373661, 29.085842, 30.485368, 31.630328 ] }, { "date": "2024-02-23", "close": 26.039814, "volume": 561541, "typical_volume": 743339.95, "trend": 32.999657, "fair_value": 30.453451, "relative_strength": -36.7015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.076391, "energy": 90.059594, "activity_lines": [ 26.641301, 28.296403, 29.962423, 31.148793 ] }, { "date": "2024-03-01", "close": 26.15042, "volume": 686488, "typical_volume": 757534.7, "trend": 32.505039, "fair_value": 30.408451, "relative_strength": -36.955804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.490548, "energy": 86.701292, "activity_lines": [ 26.212316, 27.63679, 29.493114, 30.706907 ] }, { "date": "2024-03-08", "close": 27.139648, "volume": 598316, "typical_volume": 762187.15, "trend": 32.112604, "fair_value": 30.355696, "relative_strength": -32.893152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.118881, "energy": 70.705986, "activity_lines": [ 26.432287, 27.312095, 29.159229, 30.360753 ] }, { "date": "2024-03-15", "close": 26.416046, "volume": 913690, "typical_volume": 774194.05, "trend": 31.729462, "fair_value": 30.307503, "relative_strength": -33.344791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.975367, "energy": 55.978774, "activity_lines": [ 26.460048, 26.962924, 28.785813, 29.993233 ] }, { "date": "2024-03-22", "close": 26.791586, "volume": 590180, "typical_volume": 759913.0, "trend": 31.396425, "fair_value": 30.268282, "relative_strength": -33.820279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.342506, "energy": 50.117477, "activity_lines": [ 26.625447, 26.775894, 28.472427, 29.67466 ] }, { "date": "2024-03-29", "close": 28.467778, "volume": 803758, "typical_volume": 773501.8, "trend": 31.08227, "fair_value": 30.229421, "relative_strength": -28.7606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.06695, "energy": 34.669665, "activity_lines": [ 27.278873, 26.975091, 28.3455, 29.485715 ] }, { "date": "2024-04-05", "close": 25.481776, "volume": 1027498, "typical_volume": 791359.1, "trend": 30.767027, "fair_value": 30.171149, "relative_strength": -35.149379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.744471, "energy": 40.82799, "activity_lines": [ 26.775099, 26.659916, 27.957506, 29.124393 ] }, { "date": "2024-04-12", "close": 24.419272, "volume": 523029, "typical_volume": 796271.35, "trend": 30.403241, "fair_value": 30.100849, "relative_strength": -36.887719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.283253, "energy": 49.177425, "activity_lines": [ 25.961734, 26.250775, 27.503427, 28.71486 ] }, { "date": "2024-04-19", "close": 24.208603, "volume": 585163, "typical_volume": 781568.35, "trend": 30.018412, "fair_value": 30.023763, "relative_strength": -33.156116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.329103, "energy": 53.606996, "activity_lines": [ 25.259505, 25.866152, 27.060329, 28.315206 ] }, { "date": "2024-04-26", "close": 24.868088, "volume": 609636, "typical_volume": 782380.8, "trend": 29.68659, "fair_value": 29.960536, "relative_strength": -33.250507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.116754, "energy": 62.208825, "activity_lines": [ 24.924267, 25.644969, 26.714404, 27.982927 ] }, { "date": "2024-05-03", "close": 26.406887, "volume": 594406, "typical_volume": 730558.35, "trend": 29.397113, "fair_value": 29.90155, "relative_strength": -29.138641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.062487, "energy": 50.068923, "activity_lines": [ 25.230194, 25.719257, 26.544583, 27.771334 ] }, { "date": "2024-05-10", "close": 26.628561, "volume": 698267, "typical_volume": 716416.2, "trend": 29.12457, "fair_value": 29.848907, "relative_strength": -28.90197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.534993, "energy": 37.913482, "activity_lines": [ 25.747406, 25.827175, 26.42286, 27.592717 ] }, { "date": "2024-05-17", "close": 26.98878, "volume": 549878, "typical_volume": 720901.75, "trend": 28.913854, "fair_value": 29.811389, "relative_strength": -28.750598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.512248, "energy": 21.896716, "activity_lines": [ 26.308239, 25.991894, 26.373777, 27.454924 ] }, { "date": "2024-05-24", "close": 26.240631, "volume": 537738, "typical_volume": 712430.25, "trend": 28.738162, "fair_value": 29.768318, "relative_strength": -30.962139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.213895, "energy": 20.619755, "activity_lines": [ 26.448388, 26.02333, 26.282207, 27.282458 ] }, { "date": "2024-05-31", "close": 26.16674, "volume": 472941, "typical_volume": 706531.55, "trend": 28.529579, "fair_value": 29.72526, "relative_strength": -29.325884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.331865, "energy": 18.231152, "activity_lines": [ 26.428438, 26.044519, 26.209019, 27.11656 ] }, { "date": "2024-06-07", "close": 25.3447, "volume": 550347, "typical_volume": 705844.6, "trend": 28.26227, "fair_value": 29.677365, "relative_strength": -32.587234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.090834, "energy": 22.11601, "activity_lines": [ 26.047898, 25.927608, 26.081852, 26.911084 ] }, { "date": "2024-06-14", "close": 24.430296, "volume": 680364, "typical_volume": 710822.0, "trend": 27.981486, "fair_value": 29.640967, "relative_strength": -36.465716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.798912, "energy": 37.892312, "activity_lines": [ 25.433369, 25.701225, 25.889945, 26.66386 ] }, { "date": "2024-06-21", "close": 23.08178, "volume": 1846631, "typical_volume": 759874.85, "trend": 27.719591, "fair_value": 29.595385, "relative_strength": -39.366937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.665302, "energy": 60.744919, "activity_lines": [ 24.515886, 25.248775, 25.600599, 26.34775 ] }, { "date": "2024-06-28", "close": 23.137199, "volume": 1219620, "typical_volume": 746258.65, "trend": 27.443322, "fair_value": 29.554267, "relative_strength": -38.360016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.561352, "energy": 71.865418, "activity_lines": [ 23.877343, 24.830719, 25.339355, 26.052112 ] }, { "date": "2024-07-05", "close": 22.121194, "volume": 619714, "typical_volume": 733460.25, "trend": 27.144902, "fair_value": 29.508908, "relative_strength": -42.115569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.948271, "energy": 83.002405, "activity_lines": [ 23.107027, 24.247415, 24.997851, 25.708749 ] }, { "date": "2024-07-12", "close": 23.395818, "volume": 800248, "typical_volume": 745395.6, "trend": 26.855624, "fair_value": 29.477127, "relative_strength": -37.576712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.687145, "energy": 75.253097, "activity_lines": [ 23.031288, 23.945804, 24.79493, 25.466872 ] }, { "date": "2024-07-19", "close": 25.141499, "volume": 850192, "typical_volume": 753580.8, "trend": 26.537719, "fair_value": 29.459835, "relative_strength": -29.074313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.552585, "energy": 43.905366, "activity_lines": [ 23.667368, 24.016337, 24.770855, 25.356283 ] }, { "date": "2024-07-26", "close": 25.954303, "volume": 788073, "typical_volume": 763068.65, "trend": 26.301881, "fair_value": 29.439102, "relative_strength": -23.819345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.992059, "energy": 20.332817, "activity_lines": [ 24.52697, 24.261689, 24.828994, 25.318644 ] }, { "date": "2024-08-02", "close": 24.615024, "volume": 687016, "typical_volume": 751734.95, "trend": 26.069766, "fair_value": 29.410783, "relative_strength": -24.352267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.872034, "energy": 18.797016, "activity_lines": [ 24.748644, 24.282345, 24.765227, 25.209814 ] }, { "date": "2024-08-09", "close": 24.336521, "volume": 1041979, "typical_volume": 774324.9, "trend": 25.838581, "fair_value": 29.378448, "relative_strength": -24.422472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.356321, "energy": 19.469705, "activity_lines": [ 24.778962, 24.281921, 24.683512, 25.097992 ] }, { "date": "2024-08-16", "close": 23.721115, "volume": 544574, "typical_volume": 761365.7, "trend": 25.628038, "fair_value": 29.343692, "relative_strength": -29.070771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.944279, "energy": 17.336145, "activity_lines": [ 24.456456, 24.202881, 24.554878, 24.961381 ] }, { "date": "2024-08-23", "close": 24.066115, "volume": 478765, "typical_volume": 733929.05, "trend": 25.398954, "fair_value": 29.30342, "relative_strength": -27.766047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.238211, "energy": 19.895793, "activity_lines": [ 24.227263, 24.216088, 24.481704, 24.860612 ] }, { "date": "2024-08-30", "close": 23.618547, "volume": 345859, "typical_volume": 725070.55, "trend": 25.257089, "fair_value": 29.263272, "relative_strength": -27.52095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.04583, "energy": 27.824855, "activity_lines": [ 23.920574, 24.154541, 24.372646, 24.745747 ] }, { "date": "2024-09-06", "close": 21.744355, "volume": 397548, "typical_volume": 715689.8, "trend": 25.095137, "fair_value": 29.221776, "relative_strength": -28.243786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.052091, "energy": 51.66416, "activity_lines": [ 23.144871, 23.742472, 24.088907, 24.519119 ] }, { "date": "2024-09-13", "close": 22.443681, "volume": 565197, "typical_volume": 713467.85, "trend": 24.985559, "fair_value": 29.181497, "relative_strength": -29.104767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.6349, "energy": 54.227427, "activity_lines": [ 22.793654, 23.482878, 23.883504, 24.348057 ] }, { "date": "2024-09-20", "close": 21.781653, "volume": 1247333, "typical_volume": 746114.2, "trend": 24.843621, "fair_value": 29.133166, "relative_strength": -31.108721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.632119, "energy": 64.724169, "activity_lines": [ 22.347951, 23.097052, 23.626596, 24.141354 ] }, { "date": "2024-09-27", "close": 21.418003, "volume": 645860, "typical_volume": 743493.85, "trend": 24.685873, "fair_value": 29.078531, "relative_strength": -31.877513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.296285, "energy": 67.611778, "activity_lines": [ 21.910328, 22.674456, 23.35708, 23.920346 ] }, { "date": "2024-10-04", "close": 20.438948, "volume": 731429, "typical_volume": 752571.4, "trend": 24.462517, "fair_value": 29.019089, "relative_strength": -33.987858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.722855, "energy": 69.446955, "activity_lines": [ 21.322895, 22.14155, 23.019132, 23.646351 ] }, { "date": "2024-10-11", "close": 20.504218, "volume": 972560, "typical_volume": 774312.5, "trend": 24.265456, "fair_value": 28.959304, "relative_strength": -33.493237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.492384, "energy": 71.055395, "activity_lines": [ 20.969192, 21.72079, 22.71859, 23.390977 ] }, { "date": "2024-10-18", "close": 21.203544, "volume": 671989, "typical_volume": 784264.9, "trend": 24.079188, "fair_value": 28.903567, "relative_strength": -30.269914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.873986, "energy": 64.117739, "activity_lines": [ 20.931273, 21.501922, 22.511968, 23.193434 ] }, { "date": "2024-10-25", "close": 21.278138, "volume": 696333, "typical_volume": 791564.2, "trend": 23.839533, "fair_value": 28.852933, "relative_strength": -29.059396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.754472, "energy": 56.458637, "activity_lines": [ 21.000895, 21.353581, 22.336083, 23.012721 ] }, { "date": "2024-11-01", "close": 21.679085, "volume": 600561, "typical_volume": 787574.05, "trend": 23.712777, "fair_value": 28.777769, "relative_strength": -25.504515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.496847, "energy": 42.841773, "activity_lines": [ 21.237733, 21.322556, 22.217748, 22.873338 ] }, { "date": "2024-11-08", "close": 22.881924, "volume": 805157, "typical_volume": 735500.35, "trend": 23.661532, "fair_value": 28.71271, "relative_strength": -24.377658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.715155, "energy": 22.099781, "activity_lines": [ 21.858112, 21.55363, 22.227071, 22.819734 ] }, { "date": "2024-11-15", "close": 22.247869, "volume": 727036, "typical_volume": 710871.15, "trend": 23.596174, "fair_value": 28.658117, "relative_strength": -22.840748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.133179, "energy": 20.624284, "activity_lines": [ 22.104274, 21.682814, 22.176959, 22.72853 ] }, { "date": "2024-11-22", "close": 28.756257, "volume": 1367039, "typical_volume": 748237.4, "trend": 23.725779, "fair_value": 28.650086, "relative_strength": -1.331093, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.643079, "energy": 41.725603, "activity_lines": [ 24.403656, 22.986187, 22.750929, 23.061439 ] }, { "date": "2024-11-29", "close": 28.122202, "volume": 729512, "typical_volume": 744700.6, "trend": 23.782957, "fair_value": 28.631585, "relative_strength": -3.417217, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.090905, "energy": 59.707807, "activity_lines": [ 25.988172, 24.059503, 23.232916, 23.345079 ] }, { "date": "2024-12-06", "close": 27.736249, "volume": 861023, "typical_volume": 745242.15, "trend": 23.81988, "fair_value": 28.611376, "relative_strength": -6.922478, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.017006, "energy": 73.618486, "activity_lines": [ 26.987766, 24.947363, 23.65564, 23.60013 ] }, { "date": "2024-12-13", "close": 28.45081, "volume": 769857, "typical_volume": 744331.35, "trend": 23.868614, "fair_value": 28.602648, "relative_strength": -4.407531, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 74.913358, "energy": 87.262705, "activity_lines": [ 27.821736, 25.850266, 24.134061, 23.8989 ] }, { "date": "2024-12-20", "close": 25.902836, "volume": 1521688, "typical_volume": 786064.95, "trend": 23.857354, "fair_value": 28.573041, "relative_strength": -9.883546, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.34574, "energy": 76.071801, "activity_lines": [ 27.435122, 26.144231, 24.35793, 24.03014 ] }, { "date": "2024-12-27", "close": 26.109682, "volume": 400597, "typical_volume": 753995.85, "trend": 23.855452, "fair_value": 28.539613, "relative_strength": -9.002967, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.291287, "energy": 48.626584, "activity_lines": [ 26.873792, 26.377648, 24.595366, 24.175451 ] }, { "date": "2025-01-03", "close": 25.893433, "volume": 454504, "typical_volume": 749492.35, "trend": 23.873743, "fair_value": 28.507262, "relative_strength": -8.094085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.120724, "energy": 35.209573, "activity_lines": [ 26.416818, 26.482544, 24.803763, 24.306934 ] }, { "date": "2025-01-10", "close": 27.914889, "volume": 1048342, "typical_volume": 777971.2, "trend": 23.989896, "fair_value": 28.482778, "relative_strength": 2.092621, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.394356, "energy": 32.642774, "activity_lines": [ 26.782247, 26.871063, 25.194336, 24.567653 ] }, { "date": "2025-01-17", "close": 29.165371, "volume": 763736, "typical_volume": 798865.05, "trend": 24.192683, "fair_value": 28.482682, "relative_strength": 4.280568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.224612, "energy": 43.793001, "activity_lines": [ 27.552594, 27.373564, 25.685674, 24.901555 ] }, { "date": "2025-01-24", "close": 27.237936, "volume": 530187, "typical_volume": 805497.0, "trend": 24.329374, "fair_value": 28.467054, "relative_strength": -3.29838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.375054, "energy": 38.347018, "activity_lines": [ 27.632825, 27.411377, 25.967034, 25.098023 ] }, { "date": "2025-01-31", "close": 26.316529, "volume": 793312, "typical_volume": 816902.75, "trend": 24.469218, "fair_value": 28.449408, "relative_strength": -4.740852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.516384, "energy": 35.45415, "activity_lines": [ 27.316914, 27.190934, 26.134481, 25.226226 ] }, { "date": "2025-02-07", "close": 24.957923, "volume": 2959315, "typical_volume": 902501.85, "trend": 24.521289, "fair_value": 28.424872, "relative_strength": -9.322368, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.082489, "energy": 19.653931, "activity_lines": [ 26.534345, 26.767831, 26.154095, 25.257755 ] }, { "date": "2025-02-14", "close": 24.435813, "volume": 1759755, "typical_volume": 958196.6, "trend": 24.497766, "fair_value": 28.39032, "relative_strength": -13.265788, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.669661, "energy": 15.423881, "activity_lines": [ 25.640106, 26.30733, 26.108859, 25.252241 ] }, { "date": "2025-02-21", "close": 23.030255, "volume": 877792, "typical_volume": 965514.75, "trend": 24.400298, "fair_value": 28.351553, "relative_strength": -15.878865, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.837036, "energy": 19.999916, "activity_lines": [ 24.509286, 25.651281, 25.91539, 25.157563 ] }, { "date": "2025-02-28", "close": 23.666555, "volume": 1237418, "typical_volume": 978757.65, "trend": 24.368682, "fair_value": 28.31703, "relative_strength": -10.094031, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.385139, "energy": 28.690165, "activity_lines": [ 23.999574, 25.209479, 25.770181, 25.110224 ] }, { "date": "2025-03-07", "close": 23.36265, "volume": 1169780, "typical_volume": 1003647.2, "trend": 24.33622, "fair_value": 28.283094, "relative_strength": -7.789962, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.551735, "energy": 39.48486, "activity_lines": [ 23.626652, 24.753081, 25.58097, 25.045319 ] }, { "date": "2025-03-14", "close": 21.415763, "volume": 1025704, "typical_volume": 1020115.75, "trend": 24.259374, "fair_value": 28.233757, "relative_strength": -12.796528, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.333225, "energy": 54.146342, "activity_lines": [ 22.801694, 23.99265, 25.196059, 24.856903 ] }, { "date": "2025-03-21", "close": 21.985584, "volume": 1259600, "typical_volume": 1053067.7, "trend": 24.190023, "fair_value": 28.195348, "relative_strength": -10.204434, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.29978, "energy": 50.582365, "activity_lines": [ 22.402819, 23.417235, 24.864763, 24.710207 ] }, { "date": "2025-03-28", "close": 21.387272, "volume": 698095, "typical_volume": 1047714.6, "trend": 24.115648, "fair_value": 28.15112, "relative_strength": -9.919946, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.91052, "energy": 53.273138, "activity_lines": [ 21.967856, 22.840841, 24.475024, 24.529384 ] }, { "date": "2025-04-04", "close": 18.975031, "volume": 1096607, "typical_volume": 1066193.15, "trend": 24.023337, "fair_value": 28.099806, "relative_strength": -10.880512, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.780116, "energy": 65.157447, "activity_lines": [ 20.838345, 21.967278, 23.862666, 24.197731 ] }, { "date": "2025-04-11", "close": 19.487869, "volume": 1417006, "typical_volume": 1068691.5, "trend": 23.92481, "fair_value": 28.057786, "relative_strength": -14.432962, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.20338, "energy": 76.499213, "activity_lines": [ 20.192548, 21.337193, 23.314734, 23.90512 ] }, { "date": "2025-04-18", "close": 18.528671, "volume": 1097379, "typical_volume": 1087084.85, "trend": 23.816377, "fair_value": 28.001682, "relative_strength": -16.21067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.72071, "energy": 81.505409, "activity_lines": [ 19.485337, 20.656865, 22.719585, 23.556982 ] }, { "date": "2025-04-25", "close": 19.506863, "volume": 1295330, "typical_volume": 1108800.2, "trend": 23.752672, "fair_value": 27.96243, "relative_strength": -16.559353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.717273, "energy": 77.592201, "activity_lines": [ 19.296663, 20.271286, 22.263281, 23.278949 ] }, { "date": "2025-05-02", "close": 18.823079, "volume": 1956858, "typical_volume": 1168150.25, "trend": 23.69881, "fair_value": 27.916039, "relative_strength": -21.477285, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.870238, "energy": 70.815934, "activity_lines": [ 19.045309, 19.851001, 21.781042, 22.960911 ] }, { "date": "2025-05-09", "close": 19.383402, "volume": 1600194, "typical_volume": 1172075.55, "trend": 23.661449, "fair_value": 27.873184, "relative_strength": -18.328548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.793699, "energy": 60.775184, "activity_lines": [ 19.151675, 19.609086, 21.398014, 22.682497 ] }, { "date": "2025-05-16", "close": 20.115927, "volume": 1363087, "typical_volume": 1220200.05, "trend": 23.625196, "fair_value": 27.830972, "relative_strength": -20.012145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.110175, "energy": 47.637653, "activity_lines": [ 19.474992, 19.578233, 21.115795, 22.453754 ] }, { "date": "2025-05-23", "close": 20.039038, "volume": 992820, "typical_volume": 1247115.85, "trend": 23.583892, "fair_value": 27.778996, "relative_strength": -17.798148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.793816, "energy": 39.376352, "activity_lines": [ 19.730808, 19.592431, 20.854794, 22.222389 ] }, { "date": "2025-05-30", "close": 20.615701, "volume": 1242276, "typical_volume": 1256812.55, "trend": 23.548446, "fair_value": 27.73216, "relative_strength": -16.412746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.143698, "energy": 29.690594, "activity_lines": [ 20.078155, 19.736509, 20.676593, 22.030893 ] }, { "date": "2025-06-06", "close": 21.25003, "volume": 1165418, "typical_volume": 1276896.65, "trend": 23.49405, "fair_value": 27.700105, "relative_strength": -15.083644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.026576, "energy": 22.400619, "activity_lines": [ 20.563022, 20.020826, 20.593561, 21.882608 ] }, { "date": "2025-06-13", "close": 21.000143, "volume": 836407, "typical_volume": 1292207.65, "trend": 23.452459, "fair_value": 27.679606, "relative_strength": -15.215819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.292827, "energy": 21.181442, "activity_lines": [ 20.802796, 20.262205, 20.524423, 21.721711 ] }, { "date": "2025-06-20", "close": 20.212037, "volume": 921678, "typical_volume": 1298625.95, "trend": 23.167651, "fair_value": 27.648281, "relative_strength": -18.04234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.27717, "energy": 19.629473, "activity_lines": [ 20.672086, 20.323471, 20.409931, 21.512651 ] }, { "date": "2025-06-27", "close": 23.412517, "volume": 1374349, "typical_volume": 1219377.65, "trend": 23.010662, "fair_value": 27.638971, "relative_strength": -8.629393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.607799, "energy": 14.765688, "activity_lines": [ 21.601795, 20.953476, 20.629315, 21.528449 ] }, { "date": "2025-07-04", "close": 24.45051, "volume": 807700, "typical_volume": 1171774.9, "trend": 22.901137, "fair_value": 27.641367, "relative_strength": -5.939348, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.867411, "energy": 27.572269, "activity_lines": [ 22.652603, 21.68341, 20.954915, 21.621343 ] }, { "date": "2025-07-11", "close": 24.421677, "volume": 864483, "typical_volume": 1171109.45, "trend": 22.766833, "fair_value": 27.647797, "relative_strength": -5.57266, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.052417, "energy": 53.108726, "activity_lines": [ 23.438146, 22.318217, 21.277699, 21.719442 ] }, { "date": "2025-07-18", "close": 24.018013, "volume": 893439, "typical_volume": 1153910.5, "trend": 22.704005, "fair_value": 27.650141, "relative_strength": -7.906728, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.423867, "energy": 59.137836, "activity_lines": [ 23.877692, 22.777838, 21.555413, 21.800163 ] }, { "date": "2025-07-25", "close": 23.710459, "volume": 771910, "typical_volume": 1134017.0, "trend": 22.624031, "fair_value": 27.64696, "relative_strength": -9.361992, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.159658, "energy": 57.555977, "activity_lines": [ 24.013528, 23.097274, 21.802163, 21.865096 ] }, { "date": "2025-08-01", "close": 22.143858, "volume": 1178247, "typical_volume": 1141644.15, "trend": 22.499046, "fair_value": 27.64534, "relative_strength": -12.891279, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.441079, "energy": 32.6109, "activity_lines": [ 23.393935, 23.066519, 21.898056, 21.834117 ] }, { "date": "2025-08-08", "close": 22.662855, "volume": 1302012, "typical_volume": 1143764.75, "trend": 22.323978, "fair_value": 27.641783, "relative_strength": -13.517413, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.675888, "energy": 16.605471, "activity_lines": [ 23.031919, 23.091857, 22.03991, 21.844685 ] }, { "date": "2025-08-15", "close": 23.089645, "volume": 995542, "typical_volume": 1158637.1, "trend": 22.121453, "fair_value": 27.634691, "relative_strength": -11.93502, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.174564, "energy": 10.466677, "activity_lines": [ 22.931343, 23.157573, 22.219186, 21.894083 ] }, { "date": "2025-08-22", "close": 24.245584, "volume": 850645, "typical_volume": 1146339.0, "trend": 22.021708, "fair_value": 27.643688, "relative_strength": -6.339616, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.052253, "energy": 25.032567, "activity_lines": [ 23.304883, 23.400011, 22.500445, 22.031124 ] }, { "date": "2025-08-29", "close": 23.866747, "volume": 966642, "typical_volume": 1123820.8, "trend": 21.940049, "fair_value": 27.65664, "relative_strength": -7.232957, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.552808, "energy": 31.924326, "activity_lines": [ 23.536972, 23.514562, 22.720526, 22.150158 ] }, { "date": "2025-09-05", "close": 24.187301, "volume": 661703, "typical_volume": 1102037.0, "trend": 21.914362, "fair_value": 27.67047, "relative_strength": -6.642246, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.722762, "energy": 42.921565, "activity_lines": [ 23.865493, 23.620947, 22.950285, 22.295142 ] }, { "date": "2025-09-12", "close": 24.061022, "volume": 937525, "typical_volume": 1084146.75, "trend": 21.901869, "fair_value": 27.688027, "relative_strength": -8.554848, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.02428, "energy": 45.389166, "activity_lines": [ 24.015691, 23.690285, 23.141071, 22.433637 ] }, { "date": "2025-09-19", "close": 24.333008, "volume": 1297066, "typical_volume": 1051157.15, "trend": 21.945294, "fair_value": 27.714326, "relative_strength": -9.292441, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.031479, "energy": 43.051589, "activity_lines": [ 24.163341, 23.816156, 23.336073, 22.590484 ] }, { "date": "2025-09-26", "close": 23.381058, "volume": 820867, "typical_volume": 1012190.8, "trend": 21.935777, "fair_value": 27.738723, "relative_strength": -12.259205, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.69382, "energy": 32.644306, "activity_lines": [ 23.910782, 23.770557, 23.414177, 22.683114 ] }, { "date": "2025-10-03", "close": 24.022167, "volume": 1345251, "typical_volume": 1011299.0, "trend": 21.957761, "fair_value": 27.768237, "relative_strength": -10.841203, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.327217, "energy": 29.919113, "activity_lines": [ 23.929562, 23.853105, 23.534302, 22.81772 ] }, { "date": "2025-10-10", "close": 21.778285, "volume": 1163097, "typical_volume": 1019812.85, "trend": 21.969845, "fair_value": 27.776256, "relative_strength": -17.121023, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.168929, "energy": 11.799699, "activity_lines": [ 23.19002, 23.522007, 23.422122, 22.806141 ] }, { "date": "2025-10-17", "close": 22.48739, "volume": 907245, "typical_volume": 1003061.3, "trend": 21.986572, "fair_value": 27.777062, "relative_strength": -16.254962, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.731313, "energy": 12.651869, "activity_lines": [ 22.847448, 23.326484, 23.369194, 22.839531 ] }, { "date": "2025-10-24", "close": 22.943938, "volume": 691862, "typical_volume": 979383.5, "trend": 22.038461, "fair_value": 27.771948, "relative_strength": -16.160461, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.68564, "energy": 13.810236, "activity_lines": [ 22.761966, 23.21716, 23.350835, 22.901296 ] }, { "date": "2025-10-31", "close": 22.749662, "volume": 1364622, "typical_volume": 1005794.25, "trend": 22.164282, "fair_value": 27.771132, "relative_strength": -18.148709, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.293323, "energy": 14.932465, "activity_lines": [ 22.704331, 23.075162, 23.305906, 22.94718 ] }, { "date": "2025-11-07", "close": 22.351398, "volume": 1611891, "typical_volume": 1040304.9, "trend": 22.259733, "fair_value": 27.760763, "relative_strength": -16.739196, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.512635, "energy": 12.339219, "activity_lines": [ 22.556034, 22.887951, 23.214717, 22.959252 ] }, { "date": "2025-11-14", "close": 24.527283, "volume": 1911974, "typical_volume": 1067186.15, "trend": 22.459687, "fair_value": 27.749952, "relative_strength": -8.31124, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.331899, "energy": 17.037709, "activity_lines": [ 23.244417, 23.123908, 23.320567, 23.105546 ] }, { "date": "2025-11-21", "close": 23.808464, "volume": 1908539, "typical_volume": 1122228.1, "trend": 22.603073, "fair_value": 27.72535, "relative_strength": -7.483552, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.412779, "energy": 18.279024, "activity_lines": [ 23.509927, 23.222988, 23.35265, 23.192564 ] }, { "date": "2025-11-28", "close": 23.837605, "volume": 1465162, "typical_volume": 1152262.05, "trend": 22.770224, "fair_value": 27.698848, "relative_strength": -11.069732, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.822538, "energy": 21.986052, "activity_lines": [ 23.697079, 23.331959, 23.390566, 23.272211 ] }, { "date": "2025-12-05", "close": 24.056367, "volume": 1072727, "typical_volume": 1161226.45, "trend": 22.92599, "fair_value": 27.678599, "relative_strength": -10.571311, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.390876, "energy": 31.109022, "activity_lines": [ 23.897574, 23.489712, 23.452097, 23.355188 ] }, { "date": "2025-12-12", "close": 26.038981, "volume": 1692311, "typical_volume": 1207246.5, "trend": 23.123425, "fair_value": 27.675628, "relative_strength": -0.821065, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.393656, "energy": 56.835514, "activity_lines": [ 24.671827, 23.995662, 23.702266, 23.556026 ] }, { "date": "2025-12-19", "close": 25.51879, "volume": 2210215, "typical_volume": 1258844.9, "trend": 23.306083, "fair_value": 27.667236, "relative_strength": -2.956599, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.246465, "energy": 57.930843, "activity_lines": [ 25.026843, 24.370363, 23.891805, 23.710566 ] }, { "date": "2025-12-26", "close": 26.362874, "volume": 749761, "typical_volume": 1231232.35, "trend": 23.497656, "fair_value": 27.664536, "relative_strength": -0.616294, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.984701, "energy": 67.072966, "activity_lines": [ 25.597121, 24.830524, 24.145662, 23.907778 ] }, { "date": "2026-01-02", "close": 25.450086, "volume": 530948, "typical_volume": 1208002.65, "trend": 23.637657, "fair_value": 27.61842, "relative_strength": -1.987568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.921246, "energy": 64.443853, "activity_lines": [ 25.692842, 25.05426, 24.294968, 24.033741 ] }, { "date": "2026-01-09", "close": 28.03141, "volume": 1036956, "typical_volume": 1217318.2, "trend": 23.872033, "fair_value": 27.588569, "relative_strength": 6.132692, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.642688, "energy": 75.029662, "activity_lines": [ 26.541505, 25.701762, 24.678873, 24.317209 ] }, { "date": "2026-01-16", "close": 26.85362, "volume": 1161239, "typical_volume": 1227048.05, "trend": 24.093419, "fair_value": 27.556583, "relative_strength": 3.16531, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.340328, "energy": 67.254403, "activity_lines": [ 26.732569, 26.039088, 24.932581, 24.50957 ] }, { "date": "2026-01-23", "close": 25.999722, "volume": 1349191, "typical_volume": 1261422.45, "trend": 24.179659, "fair_value": 27.528204, "relative_strength": 0.107108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.577469, "energy": 47.095204, "activity_lines": [ 26.584691, 26.139301, 25.090741, 24.632557 ] }, { "date": "2026-01-30", "close": 25.803423, "volume": 1198126, "typical_volume": 1274452.5, "trend": 24.224756, "fair_value": 27.474539, "relative_strength": -0.091571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.543632, "energy": 38.902791, "activity_lines": [ 26.339318, 26.177052, 25.221576, 24.737316 ] }, { "date": "2026-02-06", "close": 26.657321, "volume": 1362950, "typical_volume": 1277746.7, "trend": 24.299278, "fair_value": 27.433043, "relative_strength": 5.4907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.17429, "energy": 32.596659, "activity_lines": [ 26.415874, 26.333786, 25.425438, 24.894256 ] }, { "date": "2026-02-13", "close": 25.852607, "volume": 942796, "typical_volume": 1283843.15, "trend": 24.360431, "fair_value": 27.376062, "relative_strength": 3.749275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.566549, "energy": 23.413179, "activity_lines": [ 26.14371, 26.29294, 25.541591, 24.994471 ] }, { "date": "2026-02-20", "close": 26.139968, "volume": 588387, "typical_volume": 1245999.95, "trend": 24.441415, "fair_value": 27.33142, "relative_strength": 3.766404, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.267661, "energy": 21.965314, "activity_lines": [ 26.112587, 26.271683, 25.673344, 25.109279 ] }, { "date": "2026-02-27", "close": 26.189513, "volume": 737300, "typical_volume": 1224710.1, "trend": 24.57627, "fair_value": 27.278187, "relative_strength": 4.401874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.754295, "energy": 22.011017, "activity_lines": [ 26.145555, 26.257597, 25.79973, 25.22206 ] }, { "date": "2026-03-06", "close": 25.41661, "volume": 646598, "typical_volume": 1211677.75, "trend": 24.668062, "fair_value": 27.235377, "relative_strength": 2.851458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.70881, "energy": 15.560198, "activity_lines": [ 25.908236, 26.090789, 25.8315, 25.276275 ] }, { "date": "2026-03-13", "close": 24.247347, "volume": 1304316, "typical_volume": 1242300.45, "trend": 24.706652, "fair_value": 27.192844, "relative_strength": -0.696703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.196216, "energy": 7.578675, "activity_lines": [ 25.30695, 25.728593, 25.737963, 25.249133 ] }, { "date": "2026-03-20", "close": 23.692442, "volume": 1257493, "typical_volume": 1236944.0, "trend": 24.688214, "fair_value": 27.147662, "relative_strength": -0.782045, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.44005, "energy": 22.111081, "activity_lines": [ 24.681361, 25.287372, 25.585372, 25.1837 ] }, { "date": "2026-03-27", "close": 24.970705, "volume": 1088483, "typical_volume": 1210773.6, "trend": 24.725012, "fair_value": 27.103127, "relative_strength": 8.130151, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.472071, "energy": 19.710584, "activity_lines": [ 24.625871, 25.157454, 25.55003, 25.201925 ] }, { "date": "2026-04-03", "close": 25.149067, "volume": 755699, "typical_volume": 1152959.85, "trend": 24.757071, "fair_value": 27.063708, "relative_strength": 4.836422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.741139, "energy": 17.65394, "activity_lines": [ 24.707786, 25.094199, 25.519203, 25.229283 ] }, { "date": "2026-04-10", "close": 26.972325, "volume": 685297, "typical_volume": 1091797.75, "trend": 24.854115, "fair_value": 27.026104, "relative_strength": 7.583498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.212316, "energy": 16.077109, "activity_lines": [ 25.466816, 25.377913, 25.659058, 25.372203 ] }, { "date": "2026-04-17", "close": 27.289413, "volume": 698442, "typical_volume": 1053461.75, "trend": 24.952661, "fair_value": 26.984745, "relative_strength": 2.503915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.230866, "energy": 30.496664, "activity_lines": [ 26.227828, 25.698026, 25.814046, 25.529319 ] }, { "date": "2026-04-24", "close": 27.893863, "volume": 839741, "typical_volume": 1041812.45, "trend": 25.103088, "fair_value": 26.948679, "relative_strength": 2.487049, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.05817, "energy": 54.816511, "activity_lines": [ 26.987519, 26.116547, 26.010163, 25.719074 ] }, { "date": "2026-05-01", "close": 28.349677, "volume": 1001785, "typical_volume": 1007286.15, "trend": 25.247339, "fair_value": 26.913038, "relative_strength": 2.411475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.843161, "energy": 65.506806, "activity_lines": [ 27.619053, 26.580829, 26.231418, 25.928531 ] }, { "date": "2026-05-08", "close": 27.883954, "volume": 1202437, "typical_volume": 956897.25, "trend": 25.450861, "fair_value": 26.875725, "relative_strength": -4.492733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.17524, "energy": 64.965082, "activity_lines": [ 27.870081, 26.920258, 26.397314, 26.098635 ] }, { "date": "2026-05-15", "close": 26.51, "volume": 1231423, "typical_volume": 980980.35, "trend": 25.584948, "fair_value": 26.820014, "relative_strength": -8.847775, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.730846, "energy": 49.846879, "activity_lines": [ 27.480799, 26.979068, 26.421096, 26.166967 ] }, { "date": "2026-05-22", "close": 26.76, "volume": 953557, "typical_volume": 1002110.8, "trend": 25.71215, "fair_value": 26.766363, "relative_strength": -8.998311, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.922938, "energy": 30.669211, "activity_lines": [ 27.205672, 27.063454, 26.467986, 26.242777 ] }, { "date": "2026-05-29", "close": 26.54, "volume": 1093942, "typical_volume": 1004960.1, "trend": 25.838495, "fair_value": 26.705422, "relative_strength": -12.124082, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.860905, "energy": 17.814381, "activity_lines": [ 26.892506, 27.062155, 26.487686, 26.296186 ] }, { "date": "2026-06-05", "close": 25.35, "volume": 1663414, "typical_volume": 1030068.85, "trend": 25.938448, "fair_value": 26.63417, "relative_strength": -11.928128, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.567048, "energy": 14.044371, "activity_lines": [ 26.27293, 26.792718, 26.401155, 26.264671 ] }, { "date": "2026-06-12", "close": 26.82, "volume": 1717994, "typical_volume": 1048509.0, "trend": 26.014872, "fair_value": 26.569144, "relative_strength": -8.80291, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.27243, "energy": 16.639767, "activity_lines": [ 26.343333, 26.783659, 26.461783, 26.321545 ] }, { "date": "2026-06-19", "close": 26.36, "volume": 1388677, "typical_volume": 1058036.55, "trend": 26.099923, "fair_value": 26.510931, "relative_strength": -12.580197, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.622905, "energy": 15.058112, "activity_lines": [ 26.331333, 26.660582, 26.474697, 26.343811 ] }, { "date": "2026-06-26", "close": 27.25, "volume": 3105277, "typical_volume": 1145152.9, "trend": 26.213669, "fair_value": 26.442326, "relative_strength": -5.178597, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.94597, "energy": 15.581681, "activity_lines": [ 26.626, 26.710456, 26.569721, 26.41801 ] }, { "date": "2026-07-03", "close": 26.69, "volume": 1303672, "typical_volume": 1163196.7, "trend": 26.301457, "fair_value": 26.349239, "relative_strength": -7.628511, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.07156, "energy": 17.909413, "activity_lines": [ 26.701333, 26.659229, 26.60859, 26.448741 ] }, { "date": "2026-07-10", "close": 26.66, "volume": 1510118, "typical_volume": 1209283.25, "trend": 26.322158, "fair_value": 26.245342, "relative_strength": -9.051432, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.768606, "energy": 14.479863, "activity_lines": [ 26.756667, 26.624436, 26.640615, 26.471873 ] }, { "date": "2026-07-17", "close": 27.46, "volume": 1105590, "typical_volume": 1227697.75, "trend": 26.386865, "fair_value": 26.151311, "relative_strength": -2.095146, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.48385, "energy": 27.375679, "activity_lines": [ 26.991333, 26.765818, 26.746353, 26.545282 ] }, { "date": "2026-07-24", "close": 27.69, "volume": 1131742, "typical_volume": 1251954.95, "trend": 26.431102, "fair_value": 26.064977, "relative_strength": 0.400624, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.768906, "energy": 34.502065, "activity_lines": [ 27.26, 26.956727, 26.867946, 26.629355 ] }, { "date": "2026-07-31", "close": 27.75, "volume": 1216692, "typical_volume": 1247573.75, "trend": 26.507766, "fair_value": 25.980112, "relative_strength": 0.058348, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.736885, "energy": 41.935079, "activity_lines": [ 27.46, 27.137091, 26.984428, 26.714445 ] }, { "date": "2026-08-07", "close": 23.7, "volume": 3529492, "typical_volume": 1361173.7, "trend": 26.363386, "fair_value": 25.882594, "relative_strength": -18.42108, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.585968, "energy": 14.51908, "activity_lines": [ 26.276667, 26.563091, 26.698517, 26.533299 ] } ], "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." } } }