{ "ticker": { "uuid": "989ed2e7-0f49-46b9-88cc-bd68d3f9acca", "symbol": "ZWS", "name": "Zurn Elkay Water Solutions Corporation", "exchange": "NYSE", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.44, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 55.516, "architecture_energy": 35.999, "architecture_maturity": 24.845, "architecture_confidence": 73.136, "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": 47.54, "rotation_up": 47.19, "upward_expansion": 74.21, "deceleration": 56.87, "rotation_down": 21.69, "downward_expansion": 10.21 }, "activity_lines": [ 49.806, 49.407455, 49.087579, 48.751825 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 51.42, "trend_reference": 48.483843, "distance_from_trend": 0.06056, "trend_direction": "Improving", "fair_value": 37.558915, "distance_from_fair_value": 0.369049, "fair_value_direction": "Weakening", "relative_strength": -3.619627, "relative_strength_direction": "Weakening", "price_momentum": -0.021414, "excess_performance": -0.147039, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06056, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016369, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.369049, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.064298, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036196, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.053968, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.021414, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.76783, "read": "Demand-led" } ], "volume": { "latest": 4233271, "relative_activity": 0.836393, "balance": 2.76783, "dry_up": 1.052917, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.059068, "annualized_volatility": 0.260234, "from_high_reference": -0.065074, "from_low_reference": 0.196895 }, "levels": { "trend_reference": 48.483843, "fair_value_reference": 37.558915, "structural_low": 42.961177, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.027461, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": -0.0045, "regime_survival": 0.384615, "best_return": 0.142666, "worst_return": -0.139054, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.054283, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.008516, "regime_survival": 0.428571, "best_return": 0.223645, "worst_return": -0.221623, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.195194, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.088727, "regime_survival": 0.25, "best_return": 0.299021, "worst_return": -0.263702, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.465026, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.181852, "regime_survival": 0.0, "best_return": 0.488873, "worst_return": -0.303274, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-28", "tenure": "Developing", "return": -0.041549, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.161956, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.233526, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-25", "tenure": "Developing", "return": 0.053395, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-10-24", "tenure": "Established", "return": 0.032731, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.007429, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-01-23", "tenure": "Developing", "return": 0.018085, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-01-30", "tenure": "New", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.131699, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.013245, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.06064, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.02268, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.07974, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.085497, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 28.001078, "volume": 3558877, "typical_volume": 6455658.85, "trend": 23.194657, "fair_value": 20.847209, "relative_strength": 11.437327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.561362, "energy": 80.507601, "activity_lines": [ 28.460864, 27.663735, 25.871402, 24.550524 ] }, { "date": "2023-08-25", "close": 28.040036, "volume": 5028256, "typical_volume": 6481997.35, "trend": 23.43755, "fair_value": 20.983782, "relative_strength": 10.926785, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.807122, "energy": 63.188547, "activity_lines": [ 28.361833, 27.867101, 26.241014, 24.863129 ] }, { "date": "2023-09-01", "close": 28.877633, "volume": 3347824, "typical_volume": 6418627.6, "trend": 23.675207, "fair_value": 21.12603, "relative_strength": 11.534493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.850601, "energy": 62.718779, "activity_lines": [ 28.442883, 28.165694, 26.649536, 25.214102 ] }, { "date": "2023-09-08", "close": 28.137431, "volume": 2672724, "typical_volume": 6146912.65, "trend": 23.864691, "fair_value": 21.262427, "relative_strength": 10.264368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.247921, "energy": 56.004923, "activity_lines": [ 28.323684, 28.254764, 26.945021, 25.501988 ] }, { "date": "2023-09-15", "close": 27.718632, "volume": 5125127, "typical_volume": 5922699.45, "trend": 24.034421, "fair_value": 21.395776, "relative_strength": 8.894438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.101689, "energy": 46.674215, "activity_lines": [ 28.123796, 28.231114, 27.163447, 25.750629 ] }, { "date": "2023-09-22", "close": 26.900514, "volume": 3383998, "typical_volume": 5793850.1, "trend": 24.189473, "fair_value": 21.526805, "relative_strength": 8.993025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.004629, "energy": 37.239475, "activity_lines": [ 27.705646, 28.015798, 27.271361, 25.935538 ] }, { "date": "2023-09-29", "close": 27.290094, "volume": 4957235, "typical_volume": 5793992.15, "trend": 24.35299, "fair_value": 21.657872, "relative_strength": 11.453654, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.487991, "energy": 27.744825, "activity_lines": [ 27.490728, 27.861999, 27.387355, 26.135579 ] }, { "date": "2023-10-06", "close": 25.770731, "volume": 7410203, "typical_volume": 5851585.95, "trend": 24.523978, "fair_value": 21.776597, "relative_strength": 4.964999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.128314, "energy": 21.731825, "activity_lines": [ 26.819351, 27.418555, 27.325418, 26.227046 ] }, { "date": "2023-10-13", "close": 25.838908, "volume": 4935854, "typical_volume": 5753112.55, "trend": 24.722423, "fair_value": 21.895569, "relative_strength": 4.957489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.749966, "energy": 17.91715, "activity_lines": [ 26.377827, 27.056674, 27.251031, 26.31188 ] }, { "date": "2023-10-20", "close": 24.923394, "volume": 6665972, "typical_volume": 5668840.3, "trend": 24.912306, "fair_value": 22.007858, "relative_strength": 3.882236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.676048, "energy": 27.037214, "activity_lines": [ 25.784366, 26.586193, 27.070784, 26.324846 ] }, { "date": "2023-10-27", "close": 25.108445, "volume": 6038931, "typical_volume": 5450595.95, "trend": 25.059603, "fair_value": 22.122148, "relative_strength": 7.203945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.204894, "energy": 33.432491, "activity_lines": [ 25.438939, 26.21503, 26.901858, 26.3375 ] }, { "date": "2023-11-03", "close": 27.903683, "volume": 12241999, "typical_volume": 5684190.2, "trend": 25.34108, "fair_value": 22.250138, "relative_strength": 12.380929, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.223383, "energy": 20.616256, "activity_lines": [ 26.144728, 26.404684, 26.998299, 26.520989 ] }, { "date": "2023-11-10", "close": 28.049775, "volume": 7689741, "typical_volume": 5469192.1, "trend": 25.611283, "fair_value": 22.375864, "relative_strength": 11.291821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.385542, "energy": 17.993013, "activity_lines": [ 26.858309, 26.623381, 27.094358, 26.695743 ] }, { "date": "2023-11-17", "close": 29.588617, "volume": 7887050, "typical_volume": 5611138.1, "trend": 25.919866, "fair_value": 22.510612, "relative_strength": 14.49304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.523617, "energy": 43.5884, "activity_lines": [ 27.932901, 27.136918, 27.321288, 26.952346 ] }, { "date": "2023-11-24", "close": 29.490965, "volume": 6064626, "typical_volume": 5779395.05, "trend": 26.207114, "fair_value": 22.643684, "relative_strength": 12.828579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.623958, "energy": 55.102108, "activity_lines": [ 28.724962, 27.606315, 27.522428, 27.182739 ] }, { "date": "2023-12-01", "close": 29.168713, "volume": 8772831, "typical_volume": 6011811.1, "trend": 26.485879, "fair_value": 22.77434, "relative_strength": 10.541511, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.950087, "energy": 71.550023, "activity_lines": [ 29.105101, 27.984897, 27.673198, 27.37381 ] }, { "date": "2023-12-08", "close": 28.699982, "volume": 4298338, "typical_volume": 5896654.95, "trend": 26.765487, "fair_value": 22.902633, "relative_strength": 8.437313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.589036, "energy": 70.30087, "activity_lines": [ 29.058311, 28.237015, 27.766085, 27.516655 ] }, { "date": "2023-12-15", "close": 28.660921, "volume": 7751023, "typical_volume": 5817141.0, "trend": 26.994433, "fair_value": 23.031827, "relative_strength": 5.570083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.682325, "energy": 53.23769, "activity_lines": [ 28.945415, 28.456397, 27.84503, 27.638941 ] }, { "date": "2023-12-22", "close": 29.237069, "volume": 5416471, "typical_volume": 5858991.85, "trend": 27.238374, "fair_value": 23.162062, "relative_strength": 6.467514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.915685, "energy": 40.298623, "activity_lines": [ 28.983824, 28.727984, 27.983199, 27.783628 ] }, { "date": "2023-12-29", "close": 28.719513, "volume": 3186902, "typical_volume": 5821699.1, "trend": 27.409035, "fair_value": 23.2886, "relative_strength": 4.003794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.92029, "energy": 32.310935, "activity_lines": [ 28.873152, 28.843685, 28.071048, 27.879185 ] }, { "date": "2024-01-05", "close": 27.27426, "volume": 3740815, "typical_volume": 5830796.0, "trend": 27.487152, "fair_value": 23.398658, "relative_strength": 0.259447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.593733, "energy": 15.012331, "activity_lines": [ 28.332159, 28.627593, 28.020377, 27.87049 ] }, { "date": "2024-01-12", "close": 27.489095, "volume": 3886983, "typical_volume": 5773732.35, "trend": 27.573402, "fair_value": 23.512309, "relative_strength": -0.889097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.779028, "energy": 14.27684, "activity_lines": [ 27.989074, 28.411183, 27.993628, 27.870615 ] }, { "date": "2024-01-19", "close": 28.211721, "volume": 3858016, "typical_volume": 5799241.95, "trend": 27.688597, "fair_value": 23.631525, "relative_strength": 0.274063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.742722, "energy": 18.508299, "activity_lines": [ 27.967591, 28.333698, 28.038323, 27.911797 ] }, { "date": "2024-01-26", "close": 28.983173, "volume": 5062818, "typical_volume": 5918746.65, "trend": 27.783844, "fair_value": 23.762129, "relative_strength": 1.711178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.150146, "energy": 21.021349, "activity_lines": [ 28.233204, 28.393532, 28.159661, 27.995318 ] }, { "date": "2024-02-02", "close": 30.135469, "volume": 5087296, "typical_volume": 5916855.1, "trend": 27.943085, "fair_value": 23.894304, "relative_strength": 4.016732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.415651, "energy": 41.444308, "activity_lines": [ 28.899843, 28.673882, 28.386714, 28.147036 ] }, { "date": "2024-02-09", "close": 31.453774, "volume": 12579931, "typical_volume": 6376651.75, "trend": 28.11194, "fair_value": 24.03541, "relative_strength": 6.841741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.440883, "energy": 72.549046, "activity_lines": [ 29.91152, 29.182206, 28.727812, 28.373532 ] }, { "date": "2024-02-16", "close": 30.321009, "volume": 6496647, "typical_volume": 6453622.35, "trend": 28.237531, "fair_value": 24.162052, "relative_strength": 3.197413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.639309, "energy": 72.334038, "activity_lines": [ 30.266974, 29.443027, 28.939345, 28.516053 ] }, { "date": "2024-02-23", "close": 30.898645, "volume": 2990079, "typical_volume": 6232616.15, "trend": 28.281656, "fair_value": 24.294471, "relative_strength": 3.306271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.183959, "energy": 77.387092, "activity_lines": [ 30.62618, 29.779398, 29.191457, 28.687737 ] }, { "date": "2024-03-01", "close": 31.397958, "volume": 3333876, "typical_volume": 6152517.25, "trend": 28.360885, "fair_value": 24.42606, "relative_strength": 3.783003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.435326, "energy": 79.004724, "activity_lines": [ 30.972694, 30.165868, 29.466705, 28.888789 ] }, { "date": "2024-03-08", "close": 31.300053, "volume": 3427734, "typical_volume": 5990605.35, "trend": 28.453043, "fair_value": 24.551997, "relative_strength": 3.456462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.714321, "energy": 67.120753, "activity_lines": [ 31.125588, 30.495249, 29.706157, 29.078413 ] }, { "date": "2024-03-15", "close": 30.859483, "volume": 4130536, "typical_volume": 5895185.6, "trend": 28.548323, "fair_value": 24.677768, "relative_strength": 1.768822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.659298, "energy": 52.445764, "activity_lines": [ 31.053987, 30.697606, 29.873285, 29.233667 ] }, { "date": "2024-03-22", "close": 31.88748, "volume": 3720710, "typical_volume": 5469121.15, "trend": 28.676571, "fair_value": 24.81248, "relative_strength": 2.469059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.206942, "energy": 53.166454, "activity_lines": [ 31.36467, 31.021687, 30.110931, 29.449097 ] }, { "date": "2024-03-29", "close": 32.76862, "volume": 2907888, "typical_volume": 5230028.5, "trend": 28.806271, "fair_value": 24.952549, "relative_strength": 4.543161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.098221, "energy": 56.885678, "activity_lines": [ 31.864636, 31.426004, 30.413525, 29.7131 ] }, { "date": "2024-04-05", "close": 31.486072, "volume": 3426365, "typical_volume": 5006994.25, "trend": 28.917892, "fair_value": 25.083432, "relative_strength": 0.945988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.509612, "energy": 45.373941, "activity_lines": [ 31.81242, 31.514277, 30.571501, 29.88599 ] }, { "date": "2024-04-12", "close": 31.24131, "volume": 3703354, "typical_volume": 4888930.65, "trend": 29.035315, "fair_value": 25.211986, "relative_strength": 1.255904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.493125, "energy": 41.175439, "activity_lines": [ 31.672743, 31.512542, 30.69713, 30.035888 ] }, { "date": "2024-04-19", "close": 31.025921, "volume": 4722622, "typical_volume": 4686420.2, "trend": 29.172828, "fair_value": 25.3364, "relative_strength": 3.329069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.627048, "energy": 33.292958, "activity_lines": [ 31.465185, 31.451538, 30.793912, 30.164314 ] }, { "date": "2024-04-26", "close": 31.035711, "volume": 7235714, "typical_volume": 4833289.0, "trend": 29.297682, "fair_value": 25.462424, "relative_strength": 0.374629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.512546, "energy": 20.5146, "activity_lines": [ 31.249796, 31.400094, 30.882782, 30.2845 ] }, { "date": "2024-05-03", "close": 30.976968, "volume": 4136502, "typical_volume": 4652562.95, "trend": 29.471224, "fair_value": 25.584377, "relative_strength": -0.705035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.486086, "energy": 16.659522, "activity_lines": [ 31.071609, 31.324974, 30.954935, 30.392841 ] }, { "date": "2024-05-10", "close": 32.093079, "volume": 2995834, "typical_volume": 4531531.1, "trend": 29.679696, "fair_value": 25.716128, "relative_strength": 0.620079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.581066, "energy": 23.896774, "activity_lines": [ 31.384903, 31.45136, 31.122355, 30.561993 ] }, { "date": "2024-05-17", "close": 31.926642, "volume": 2780740, "typical_volume": 4511223.0, "trend": 29.913138, "fair_value": 25.848022, "relative_strength": -1.760477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.26016, "energy": 29.960433, "activity_lines": [ 31.602252, 31.534846, 31.260324, 30.706957 ] }, { "date": "2024-05-24", "close": 31.357399, "volume": 3529121, "typical_volume": 4500638.3, "trend": 30.121436, "fair_value": 25.975916, "relative_strength": -3.69977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.403528, "energy": 28.022882, "activity_lines": [ 31.584163, 31.50344, 31.328808, 30.800136 ] }, { "date": "2024-05-31", "close": 30.72927, "volume": 3398978, "typical_volume": 4476238.05, "trend": 30.215622, "fair_value": 26.099271, "relative_strength": -5.32692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.144237, "energy": 19.369585, "activity_lines": [ 31.3346, 31.348777, 31.318026, 30.839351 ] }, { "date": "2024-06-07", "close": 29.698745, "volume": 3506421, "typical_volume": 4458658.3, "trend": 30.270588, "fair_value": 26.21463, "relative_strength": -9.548484, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.257084, "energy": 5.980322, "activity_lines": [ 30.761958, 31.027803, 31.193669, 30.806004 ] }, { "date": "2024-06-14", "close": 30.052068, "volume": 5048973, "typical_volume": 4457966.05, "trend": 30.286036, "fair_value": 26.337492, "relative_strength": -9.897455, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.967642, "energy": 13.875242, "activity_lines": [ 30.392305, 30.826886, 31.095882, 30.791906 ] }, { "date": "2024-06-21", "close": 29.924479, "volume": 4103085, "typical_volume": 4408755.5, "trend": 30.300487, "fair_value": 26.457488, "relative_strength": -10.769749, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.062231, "energy": 24.092657, "activity_lines": [ 30.116189, 30.628844, 30.980853, 30.768579 ] }, { "date": "2024-06-28", "close": 28.854696, "volume": 9144096, "typical_volume": 4236963.75, "trend": 30.29002, "fair_value": 26.568125, "relative_strength": -13.732117, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.393176, "energy": 45.815062, "activity_lines": [ 29.616957, 30.260238, 30.764944, 30.675303 ] }, { "date": "2024-07-05", "close": 28.540631, "volume": 3253682, "typical_volume": 4074815.5, "trend": 30.284708, "fair_value": 26.674787, "relative_strength": -16.085684, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.530707, "energy": 58.985746, "activity_lines": [ 29.179884, 29.874006, 30.531501, 30.562439 ] }, { "date": "2024-07-12", "close": 29.747818, "volume": 5498518, "typical_volume": 4200237.45, "trend": 30.320938, "fair_value": 26.792671, "relative_strength": -13.196693, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.012258, "energy": 46.971854, "activity_lines": [ 29.291115, 29.752628, 30.421507, 30.527801 ] }, { "date": "2024-07-19", "close": 30.385762, "volume": 4549179, "typical_volume": 4261002.6, "trend": 30.359227, "fair_value": 26.910224, "relative_strength": -9.439104, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.343208, "energy": 28.048022, "activity_lines": [ 29.611723, 29.769588, 30.377749, 30.531983 ] }, { "date": "2024-07-26", "close": 31.799053, "volume": 3930255, "typical_volume": 4286128.65, "trend": 30.461879, "fair_value": 27.031643, "relative_strength": -4.217029, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.007457, "energy": 8.319637, "activity_lines": [ 30.381182, 30.074552, 30.47341, 30.624875 ] }, { "date": "2024-08-02", "close": 29.944108, "volume": 5174169, "typical_volume": 4338310.3, "trend": 30.550874, "fair_value": 27.137938, "relative_strength": -7.569167, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.250208, "energy": 10.348447, "activity_lines": [ 30.407354, 30.044573, 30.390034, 30.59147 ] }, { "date": "2024-08-09", "close": 29.777261, "volume": 4317255, "typical_volume": 4368137.55, "trend": 30.627146, "fair_value": 27.239623, "relative_strength": -7.835478, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.313416, "energy": 19.607403, "activity_lines": [ 30.305283, 30.009955, 30.295126, 30.54156 ] }, { "date": "2024-08-16", "close": 30.523165, "volume": 2617375, "typical_volume": 4353611.9, "trend": 30.704194, "fair_value": 27.348181, "relative_strength": -8.871758, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.864246, "energy": 16.260425, "activity_lines": [ 30.369404, 30.128264, 30.281305, 30.534851 ] }, { "date": "2024-08-23", "close": 31.762748, "volume": 2440891, "typical_volume": 4304338.2, "trend": 30.796847, "fair_value": 27.461124, "relative_strength": -6.247743, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.649518, "energy": 5.950069, "activity_lines": [ 30.79503, 30.456963, 30.396233, 30.603145 ] }, { "date": "2024-08-30", "close": 31.910344, "volume": 2657983, "typical_volume": 4252069.65, "trend": 30.856009, "fair_value": 27.57302, "relative_strength": -5.821893, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.995959, "energy": 19.716331, "activity_lines": [ 31.178056, 30.781394, 30.5239, 30.674984 ] }, { "date": "2024-09-06", "close": 29.233929, "volume": 3507835, "typical_volume": 4191330.3, "trend": 30.782014, "fair_value": 27.668361, "relative_strength": -9.710157, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.270188, "energy": 16.381335, "activity_lines": [ 30.661524, 30.583098, 30.393484, 30.570333 ] }, { "date": "2024-09-13", "close": 32.343293, "volume": 12616145, "typical_volume": 4460351.85, "trend": 30.849424, "fair_value": 27.785597, "relative_strength": -3.7813, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.460707, "energy": 23.384292, "activity_lines": [ 31.228792, 30.943246, 30.567732, 30.671061 ] }, { "date": "2024-09-20", "close": 34.281726, "volume": 32977997, "typical_volume": 5902426.6, "trend": 30.962193, "fair_value": 27.912358, "relative_strength": 0.653932, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.755767, "energy": 49.29633, "activity_lines": [ 32.271135, 31.586696, 30.920365, 30.8925 ] }, { "date": "2024-09-27", "close": 35.088587, "volume": 5870187, "typical_volume": 6046144.25, "trend": 31.085214, "fair_value": 28.042957, "relative_strength": 2.551181, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 77.644148, "energy": 70.337291, "activity_lines": [ 33.331861, 32.294414, 31.334106, 31.158719 ] }, { "date": "2024-10-04", "close": 35.79705, "volume": 6599300, "typical_volume": 6237072.25, "trend": 31.235114, "fair_value": 28.04852, "relative_strength": 4.290255, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.712014, "energy": 81.384548, "activity_lines": [ 34.407019, 33.045437, 31.801055, 31.462708 ] }, { "date": "2024-10-11", "close": 35.934806, "volume": 5149168, "typical_volume": 6318074.6, "trend": 31.404291, "fair_value": 28.059756, "relative_strength": 3.455972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.06354, "energy": 83.602621, "activity_lines": [ 35.268982, 33.748816, 32.262693, 31.765914 ] }, { "date": "2024-10-18", "close": 36.800705, "volume": 6748520, "typical_volume": 6485551.7, "trend": 31.568066, "fair_value": 28.072122, "relative_strength": 4.940708, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.848411, "energy": 86.762704, "activity_lines": [ 35.972853, 34.50071, 32.785, 32.11407 ] }, { "date": "2024-10-25", "close": 35.393619, "volume": 4270878, "typical_volume": 6523774.55, "trend": 31.655566, "fair_value": 28.076204, "relative_strength": 1.923197, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.0884, "energy": 79.012373, "activity_lines": [ 35.910535, 34.869071, 33.144388, 32.36088 ] }, { "date": "2024-11-01", "close": 36.485833, "volume": 6381077, "typical_volume": 6590379.75, "trend": 31.822224, "fair_value": 28.090727, "relative_strength": 6.580361, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.279027, "energy": 76.087113, "activity_lines": [ 36.138161, 35.347462, 33.580678, 32.67251 ] }, { "date": "2024-11-08", "close": 38.542343, "volume": 6792614, "typical_volume": 6724856.2, "trend": 32.065592, "fair_value": 28.107747, "relative_strength": 7.480914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.552988, "energy": 72.181949, "activity_lines": [ 36.958141, 36.11389, 34.182188, 33.106066 ] }, { "date": "2024-11-15", "close": 38.286509, "volume": 4001720, "typical_volume": 6467737.4, "trend": 32.307612, "fair_value": 28.12024, "relative_strength": 9.075715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.587482, "energy": 65.114566, "activity_lines": [ 37.509824, 36.713221, 34.718296, 33.507416 ] }, { "date": "2024-11-22", "close": 39.381278, "volume": 3504647, "typical_volume": 6480285.65, "trend": 32.585797, "fair_value": 28.150875, "relative_strength": 10.33887, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.206569, "energy": 80.587564, "activity_lines": [ 38.269649, 37.347008, 35.313755, 33.963781 ] }, { "date": "2024-11-29", "close": 39.27279, "volume": 3268840, "typical_volume": 6368801.75, "trend": 32.862325, "fair_value": 28.184748, "relative_strength": 8.722029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.11206, "energy": 78.395989, "activity_lines": [ 38.821274, 37.833107, 35.847259, 34.3952 ] }, { "date": "2024-12-06", "close": 39.854682, "volume": 3830988, "typical_volume": 6332892.2, "trend": 33.121045, "fair_value": 28.209936, "relative_strength": 9.295322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.996452, "energy": 82.621404, "activity_lines": [ 39.308251, 38.334258, 36.390824, 34.84632 ] }, { "date": "2024-12-13", "close": 39.223477, "volume": 4076565, "typical_volume": 6340207.7, "trend": 33.364272, "fair_value": 28.246443, "relative_strength": 8.091877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.846817, "energy": 79.74958, "activity_lines": [ 39.360237, 38.633988, 36.829185, 35.240025 ] }, { "date": "2024-12-20", "close": 36.964946, "volume": 7984874, "typical_volume": 6480742.95, "trend": 33.551191, "fair_value": 28.261711, "relative_strength": 3.772898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.430233, "energy": 54.351695, "activity_lines": [ 38.613969, 38.460778, 37.017093, 35.472327 ] }, { "date": "2024-12-27", "close": 37.191786, "volume": 1878533, "typical_volume": 6358806.85, "trend": 33.766608, "fair_value": 28.276406, "relative_strength": 3.689059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.905405, "energy": 40.316207, "activity_lines": [ 38.03142, 38.310081, 37.193172, 35.707204 ] }, { "date": "2025-01-03", "close": 36.550718, "volume": 2591518, "typical_volume": 6357514.0, "trend": 33.995007, "fair_value": 28.297623, "relative_strength": 2.34005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.782868, "energy": 26.130252, "activity_lines": [ 37.381147, 38.035716, 37.27289, 35.886824 ] }, { "date": "2025-01-10", "close": 35.702536, "volume": 3389163, "typical_volume": 6404927.6, "trend": 34.183356, "fair_value": 28.325512, "relative_strength": 1.838159, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.631596, "energy": 26.825222, "activity_lines": [ 36.629619, 37.586097, 37.243126, 35.996987 ] }, { "date": "2025-01-17", "close": 37.655327, "volume": 5686425, "typical_volume": 6556349.7, "trend": 34.441051, "fair_value": 28.373231, "relative_strength": 4.210975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.289419, "energy": 23.518758, "activity_lines": [ 36.80583, 37.505774, 37.380581, 36.220985 ] }, { "date": "2025-01-24", "close": 38.256944, "volume": 2529356, "typical_volume": 6507425.75, "trend": 34.754459, "fair_value": 28.433597, "relative_strength": 3.97728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.233127, "energy": 21.64849, "activity_lines": [ 37.287124, 37.550963, 37.547976, 36.467172 ] }, { "date": "2025-01-31", "close": 38.898012, "volume": 4169630, "typical_volume": 6085100.0, "trend": 35.099705, "fair_value": 28.493892, "relative_strength": 6.70188, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.697353, "energy": 30.571121, "activity_lines": [ 37.895974, 37.713247, 37.733458, 36.734498 ] }, { "date": "2025-02-07", "close": 37.675052, "volume": 5514590, "typical_volume": 4711929.65, "trend": 35.363946, "fair_value": 28.552309, "relative_strength": 3.555725, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.805454, "energy": 32.552244, "activity_lines": [ 37.983422, 37.661962, 37.771255, 36.900649 ] }, { "date": "2025-02-14", "close": 34.982568, "volume": 8329862, "typical_volume": 4834913.4, "trend": 35.517173, "fair_value": 28.571283, "relative_strength": -5.129719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.450174, "energy": 7.252609, "activity_lines": [ 37.09842, 37.150184, 37.536466, 36.876044 ] }, { "date": "2025-02-21", "close": 34.488259, "volume": 3643531, "typical_volume": 4687124.95, "trend": 35.606813, "fair_value": 28.588011, "relative_strength": -4.82352, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -11.015026, "energy": 21.555668, "activity_lines": [ 36.096646, 36.637115, 37.255105, 36.809663 ] }, { "date": "2025-02-28", "close": 35.032082, "volume": 4361161, "typical_volume": 4647724.6, "trend": 35.776412, "fair_value": 28.610193, "relative_strength": -2.290714, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.083284, "energy": 43.633984, "activity_lines": [ 35.487284, 36.309018, 37.031769, 36.772583 ] }, { "date": "2025-03-07", "close": 34.982643, "volume": 4697550, "typical_volume": 4545176.1, "trend": 35.949925, "fair_value": 28.632243, "relative_strength": 0.703746, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.54537, "energy": 48.484005, "activity_lines": [ 35.076434, 36.007075, 36.808024, 36.721372 ] }, { "date": "2025-03-14", "close": 32.797464, "volume": 4883245, "typical_volume": 4575794.45, "trend": 36.025735, "fair_value": 28.620662, "relative_strength": -3.299902, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.666242, "energy": 67.606787, "activity_lines": [ 34.198215, 35.347993, 36.384823, 36.517988 ] }, { "date": "2025-03-21", "close": 33.084207, "volume": 6222891, "typical_volume": 4567885.15, "trend": 36.069784, "fair_value": 28.614364, "relative_strength": -2.846776, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.517562, "energy": 67.7489, "activity_lines": [ 33.74075, 34.809288, 36.001294, 36.328212 ] }, { "date": "2025-03-28", "close": 32.589822, "volume": 3392415, "typical_volume": 4397875.2, "trend": 36.092433, "fair_value": 28.603113, "relative_strength": -2.717152, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.90423, "energy": 68.613121, "activity_lines": [ 33.245047, 34.2283, 35.586879, 36.103698 ] }, { "date": "2025-04-04", "close": 29.316997, "volume": 5491370, "typical_volume": 4472357.7, "trend": 36.095202, "fair_value": 28.572666, "relative_strength": -3.654024, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.224457, "energy": 89.324646, "activity_lines": [ 31.784964, 33.144353, 34.889111, 35.666573 ] }, { "date": "2025-04-11", "close": 29.079693, "volume": 9082265, "typical_volume": 4751238.6, "trend": 35.986415, "fair_value": 28.540821, "relative_strength": -9.347312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.050221, "energy": 89.949089, "activity_lines": [ 30.626786, 32.179804, 34.211456, 35.21396 ] }, { "date": "2025-04-18", "close": 29.722393, "volume": 4047873, "typical_volume": 4790190.25, "trend": 35.834438, "fair_value": 28.517587, "relative_strength": -5.807579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.992127, "energy": 87.742381, "activity_lines": [ 30.076372, 31.510625, 33.644064, 34.809829 ] }, { "date": "2025-04-25", "close": 33.479714, "volume": 9644188, "typical_volume": 5080850.25, "trend": 35.780808, "fair_value": 28.540152, "relative_strength": 1.464638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.070523, "energy": 57.080226, "activity_lines": [ 30.983402, 31.669189, 33.479991, 34.657911 ] }, { "date": "2025-05-02", "close": 34.577248, "volume": 4140986, "typical_volume": 5084071.3, "trend": 35.740148, "fair_value": 28.584271, "relative_strength": 1.821674, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.958932, "energy": 36.199183, "activity_lines": [ 32.229911, 32.054629, 33.450803, 34.580262 ] }, { "date": "2025-05-09", "close": 34.804665, "volume": 3829035, "typical_volume": 4876279.35, "trend": 35.702477, "fair_value": 28.63323, "relative_strength": 2.954883, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.492001, "energy": 24.464073, "activity_lines": [ 33.419729, 32.479799, 33.465397, 34.519909 ] }, { "date": "2025-05-16", "close": 37.118384, "volume": 3857859, "typical_volume": 4975245.65, "trend": 35.713066, "fair_value": 28.706678, "relative_strength": 4.234496, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 1.012256, "energy": 24.975037, "activity_lines": [ 35.014943, 33.329781, 33.710633, 34.611257 ] }, { "date": "2025-05-23", "close": 35.216389, "volume": 2622901, "typical_volume": 4976814.8, "trend": 35.707159, "fair_value": 28.752477, "relative_strength": 1.443189, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -4.74017, "energy": 25.811427, "activity_lines": [ 35.440246, 33.795114, 33.775076, 34.579214 ] }, { "date": "2025-05-30", "close": 35.870563, "volume": 2509143, "typical_volume": 4932813.8, "trend": 35.68665, "fair_value": 28.791876, "relative_strength": 1.465085, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.236873, "energy": 30.198376, "activity_lines": [ 35.71734, 34.335407, 33.908176, 34.589756 ] }, { "date": "2025-06-06", "close": 36.197651, "volume": 2091616, "typical_volume": 4753073.35, "trend": 35.608493, "fair_value": 28.848891, "relative_strength": 0.591987, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.987147, "energy": 30.862995, "activity_lines": [ 35.944074, 34.88451, 34.071626, 34.622724 ] }, { "date": "2025-06-13", "close": 34.899214, "volume": 2864553, "typical_volume": 4769833.2, "trend": 35.495583, "fair_value": 28.909346, "relative_strength": -2.743037, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.198115, "energy": 21.06103, "activity_lines": [ 35.629968, 35.131936, 34.118357, 34.576964 ] }, { "date": "2025-06-20", "close": 35.057801, "volume": 3871843, "typical_volume": 4754943.85, "trend": 35.351468, "fair_value": 28.968169, "relative_strength": -2.248457, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.068996, "energy": 15.686653, "activity_lines": [ 35.362422, 35.306701, 34.196181, 34.54872 ] }, { "date": "2025-06-27", "close": 36.187739, "volume": 4435575, "typical_volume": 4700993.1, "trend": 35.248633, "fair_value": 29.030909, "relative_strength": -2.643521, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.752029, "energy": 17.572852, "activity_lines": [ 35.608894, 35.578217, 34.399905, 34.602673 ] }, { "date": "2025-07-04", "close": 37.228471, "volume": 2788956, "typical_volume": 4423947.8, "trend": 35.161092, "fair_value": 29.086588, "relative_strength": -1.746554, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.12091, "energy": 24.596756, "activity_lines": [ 36.13752, 35.921405, 34.709828, 34.730404 ] }, { "date": "2025-07-11", "close": 37.456441, "volume": 2757020, "typical_volume": 4379622.25, "trend": 35.102191, "fair_value": 29.148655, "relative_strength": -1.069458, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.891509, "energy": 44.908041, "activity_lines": [ 36.651608, 36.237883, 35.030768, 34.878491 ] }, { "date": "2025-07-18", "close": 37.218559, "volume": 5718028, "typical_volume": 4447465.6, "trend": 35.110645, "fair_value": 29.192815, "relative_strength": -2.419072, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.874589, "energy": 51.385497, "activity_lines": [ 37.002483, 36.458761, 35.314919, 35.015031 ] }, { "date": "2025-07-25", "close": 38.130439, "volume": 4883606, "typical_volume": 4456768.4, "trend": 35.141933, "fair_value": 29.258956, "relative_strength": -1.544473, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.418214, "energy": 72.55797, "activity_lines": [ 37.502696, 36.801546, 35.675503, 35.209857 ] }, { "date": "2025-08-01", "close": 44.582977, "volume": 12634819, "typical_volume": 4844347.1, "trend": 35.409675, "fair_value": 29.3696, "relative_strength": 17.413691, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.725391, "energy": 91.766245, "activity_lines": [ 39.948911, 38.299118, 36.635625, 35.818956 ] }, { "date": "2025-08-08", "close": 43.770215, "volume": 5328034, "typical_volume": 4799604.25, "trend": 35.678598, "fair_value": 29.458284, "relative_strength": 12.048303, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.426128, "energy": 94.674279, "activity_lines": [ 41.564524, 39.478615, 37.46222, 36.358346 ] }, { "date": "2025-08-15", "close": 44.295537, "volume": 5074616, "typical_volume": 4883714.3, "trend": 35.899938, "fair_value": 29.552744, "relative_strength": 11.83062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.09352, "energy": 93.762043, "activity_lines": [ 42.919128, 40.609994, 38.28796, 36.914277 ] }, { "date": "2025-08-22", "close": 45.853533, "volume": 4130117, "typical_volume": 4815651.65, "trend": 36.153158, "fair_value": 29.66898, "relative_strength": 14.931263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.715576, "energy": 94.718113, "activity_lines": [ 44.337123, 41.877411, 39.206339, 37.556445 ] }, { "date": "2025-08-29", "close": 45.049085, "volume": 3721322, "typical_volume": 4547604.5, "trend": 36.358193, "fair_value": 29.79049, "relative_strength": 12.522096, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.261232, "energy": 89.235121, "activity_lines": [ 44.911305, 42.799395, 39.969358, 38.130376 ] }, { "date": "2025-09-05", "close": 45.714493, "volume": 3252544, "typical_volume": 4507838.05, "trend": 36.626175, "fair_value": 29.907316, "relative_strength": 13.241404, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.832533, "energy": 88.148868, "activity_lines": [ 45.246046, 43.660703, 40.719705, 38.734008 ] }, { "date": "2025-09-12", "close": 46.360037, "volume": 6968985, "typical_volume": 4374077.9, "trend": 37.005424, "fair_value": 30.043526, "relative_strength": 12.638342, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.378279, "energy": 75.907141, "activity_lines": [ 45.720534, 44.466169, 41.45538, 39.361999 ] }, { "date": "2025-09-19", "close": 46.578529, "volume": 7402138, "typical_volume": 4537135.5, "trend": 37.408433, "fair_value": 30.188542, "relative_strength": 11.476794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.977001, "energy": 68.29555, "activity_lines": [ 46.095198, 45.145332, 42.150528, 39.979619 ] }, { "date": "2025-09-26", "close": 46.459352, "volume": 4136571, "typical_volume": 4552512.3, "trend": 37.789342, "fair_value": 30.33514, "relative_strength": 11.233715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.235086, "energy": 66.223002, "activity_lines": [ 46.277937, 45.636971, 42.777177, 40.563549 ] }, { "date": "2025-10-03", "close": 46.518941, "volume": 3791623, "typical_volume": 4549200.5, "trend": 38.173885, "fair_value": 30.481627, "relative_strength": 9.93604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.720878, "energy": 64.991989, "activity_lines": [ 46.440151, 45.971429, 43.354003, 41.126749 ] }, { "date": "2025-10-10", "close": 45.267577, "volume": 3392137, "typical_volume": 4587662.3, "trend": 38.589556, "fair_value": 30.62435, "relative_strength": 9.412456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.643216, "energy": 58.558516, "activity_lines": [ 46.087253, 45.925849, 43.766887, 41.584406 ] }, { "date": "2025-10-17", "close": 45.42648, "volume": 4545483, "typical_volume": 4689479.3, "trend": 39.000965, "fair_value": 30.764636, "relative_strength": 7.765112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.990221, "energy": 47.725863, "activity_lines": [ 45.817118, 45.896712, 44.147041, 42.025498 ] }, { "date": "2025-10-24", "close": 46.042231, "volume": 3372425, "typical_volume": 4753519.75, "trend": 39.449378, "fair_value": 30.918374, "relative_strength": 6.95344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.328227, "energy": 43.584067, "activity_lines": [ 45.814469, 45.949417, 44.540334, 42.479774 ] }, { "date": "2025-10-31", "close": 46.78709, "volume": 6645198, "typical_volume": 4942552.0, "trend": 40.031715, "fair_value": 31.076948, "relative_strength": 7.789107, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.734055, "energy": 46.569845, "activity_lines": [ 46.095861, 46.105792, 44.957687, 42.953174 ] }, { "date": "2025-11-07", "close": 47.134691, "volume": 3766772, "typical_volume": 4937298.45, "trend": 40.633548, "fair_value": 31.229727, "relative_strength": 10.216972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.272526, "energy": 51.815163, "activity_lines": [ 46.47127, 46.308394, 45.351536, 43.411431 ] }, { "date": "2025-11-14", "close": 45.76415, "volume": 3374818, "typical_volume": 4884260.6, "trend": 41.168273, "fair_value": 31.375506, "relative_strength": 6.796331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.158598, "energy": 44.366733, "activity_lines": [ 46.348782, 46.223886, 45.557349, 43.742437 ] }, { "date": "2025-11-21", "close": 46.412606, "volume": 3558824, "typical_volume": 4922754.0, "trend": 41.59937, "fair_value": 31.519065, "relative_strength": 10.313414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.88196, "energy": 41.688442, "activity_lines": [ 46.409341, 46.256377, 45.779317, 44.080781 ] }, { "date": "2025-11-28", "close": 47.487801, "volume": 3275216, "typical_volume": 4948663.8, "trend": 42.029721, "fair_value": 31.669393, "relative_strength": 8.730284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.209307, "energy": 43.515183, "activity_lines": [ 46.762557, 46.483401, 46.05995, 44.46068 ] }, { "date": "2025-12-05", "close": 46.651538, "volume": 3812874, "typical_volume": 4853406.1, "trend": 42.424617, "fair_value": 31.818322, "relative_strength": 6.403745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.8359, "energy": 35.62492, "activity_lines": [ 46.740647, 46.541846, 46.213171, 44.758862 ] }, { "date": "2025-12-12", "close": 46.930292, "volume": 3906819, "typical_volume": 4804566.75, "trend": 42.751681, "fair_value": 31.984019, "relative_strength": 7.555184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.692583, "energy": 35.812476, "activity_lines": [ 46.820692, 46.647479, 46.348022, 45.049551 ] }, { "date": "2025-12-19", "close": 47.288691, "volume": 6136910, "typical_volume": 4479671.3, "trend": 43.154091, "fair_value": 32.154489, "relative_strength": 8.044522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.524472, "energy": 36.774009, "activity_lines": [ 47.03383, 46.810797, 46.475101, 45.342261 ] }, { "date": "2025-12-26", "close": 47.627178, "volume": 1804814, "typical_volume": 4303510.3, "trend": 43.545978, "fair_value": 32.328863, "relative_strength": 7.101322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.885009, "energy": 36.617113, "activity_lines": [ 47.25816, 46.998909, 46.621533, 45.630847 ] }, { "date": "2026-01-02", "close": 46.641582, "volume": 2417770, "typical_volume": 4170668.0, "trend": 43.894109, "fair_value": 32.490233, "relative_strength": 5.797872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.935473, "energy": 30.35673, "activity_lines": [ 47.072988, 46.96781, 46.655732, 45.830564 ] }, { "date": "2026-01-09", "close": 45.795364, "volume": 5021671, "typical_volume": 4215245.7, "trend": 44.257314, "fair_value": 32.64494, "relative_strength": 2.132688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.263055, "energy": 18.63799, "activity_lines": [ 46.662157, 46.771956, 46.598167, 45.953225 ] }, { "date": "2026-01-16", "close": 47.059714, "volume": 5366401, "typical_volume": 4297499.65, "trend": 44.657378, "fair_value": 32.817781, "relative_strength": 5.183872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.713747, "energy": 18.263179, "activity_lines": [ 46.729855, 46.824015, 46.661294, 46.134025 ] }, { "date": "2026-01-23", "close": 46.591805, "volume": 3659123, "typical_volume": 4317828.6, "trend": 45.00418, "fair_value": 32.983413, "relative_strength": 4.383014, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.375, "energy": 13.557202, "activity_lines": [ 46.632954, 46.792363, 46.670283, 46.258827 ] }, { "date": "2026-01-30", "close": 45.904874, "volume": 5786712, "typical_volume": 4258714.95, "trend": 45.293393, "fair_value": 33.138265, "relative_strength": 2.407951, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.471646, "energy": 11.001945, "activity_lines": [ 46.353536, 46.620766, 46.609673, 46.316936 ] }, { "date": "2026-02-06", "close": 52.545202, "volume": 8664507, "typical_volume": 4321833.4, "trend": 45.796352, "fair_value": 33.331164, "relative_strength": 17.0118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.605849, "energy": 54.123021, "activity_lines": [ 48.402381, 47.665733, 47.183642, 46.784795 ] }, { "date": "2026-02-13", "close": 51.071786, "volume": 5843093, "typical_volume": 4407159.5, "trend": 46.258126, "fair_value": 33.513504, "relative_strength": 14.638606, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.797093, "energy": 67.442368, "activity_lines": [ 49.566512, 48.350854, 47.588873, 47.125146 ] }, { "date": "2026-02-20", "close": 50.733299, "volume": 2535245, "typical_volume": 4344340.6, "trend": 46.678222, "fair_value": 33.696096, "relative_strength": 12.101279, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.390013, "energy": 73.025118, "activity_lines": [ 50.266053, 48.894063, 47.939904, 47.413866 ] }, { "date": "2026-02-27", "close": 50.863, "volume": 3616454, "typical_volume": 4355556.45, "trend": 46.887556, "fair_value": 33.87865, "relative_strength": 12.4738, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.314921, "energy": 76.030079, "activity_lines": [ 50.763922, 49.391708, 48.283218, 47.683852 ] }, { "date": "2026-03-06", "close": 47.281239, "volume": 4073118, "typical_volume": 4331938.2, "trend": 47.00459, "fair_value": 34.04942, "relative_strength": 6.39457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.197489, "energy": 46.890709, "activity_lines": [ 49.783124, 49.173137, 48.258768, 47.709251 ] }, { "date": "2026-03-13", "close": 45.625049, "volume": 4027891, "typical_volume": 4364711.5, "trend": 47.048907, "fair_value": 34.214417, "relative_strength": 3.931495, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.280006, "energy": 9.801026, "activity_lines": [ 48.158506, 48.65973, 48.067753, 47.620248 ] }, { "date": "2026-03-20", "close": 43.689501, "volume": 7274543, "typical_volume": 4396178.75, "trend": 46.976773, "fair_value": 34.371228, "relative_strength": 1.112084, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.059884, "energy": 25.937115, "activity_lines": [ 46.350048, 47.812888, 47.694386, 47.403512 ] }, { "date": "2026-03-27", "close": 44.26817, "volume": 4019373, "typical_volume": 4408808.8, "trend": 46.950742, "fair_value": 34.522374, "relative_strength": 4.474526, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.196003, "energy": 35.82548, "activity_lines": [ 45.226632, 47.109547, 47.390882, 47.228764 ] }, { "date": "2026-04-03", "close": 44.916678, "volume": 3378094, "typical_volume": 4408972.6, "trend": 46.924148, "fair_value": 34.685561, "relative_strength": 2.202803, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.757918, "energy": 36.285067, "activity_lines": [ 44.750394, 46.574871, 47.16279, 47.097534 ] }, { "date": "2026-04-10", "close": 47.630436, "volume": 3479849, "typical_volume": 4405023.85, "trend": 46.966495, "fair_value": 34.863041, "relative_strength": 4.159772, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.671742, "energy": 30.575974, "activity_lines": [ 45.575164, 46.564063, 47.197187, 47.143101 ] }, { "date": "2026-04-17", "close": 47.640413, "volume": 8204923, "typical_volume": 4651509.2, "trend": 47.001891, "fair_value": 35.0381, "relative_strength": -0.602676, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.805604, "energy": 9.192971, "activity_lines": [ 46.379979, 46.523696, 47.226735, 47.18658 ] }, { "date": "2026-04-24", "close": 52.349581, "volume": 10688635, "typical_volume": 4995297.25, "trend": 47.198232, "fair_value": 35.23987, "relative_strength": 8.276376, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.097425, "energy": 32.817816, "activity_lines": [ 48.620159, 47.428718, 47.704048, 47.531592 ] }, { "date": "2026-05-01", "close": 51.162312, "volume": 5371251, "typical_volume": 5068518.85, "trend": 47.353011, "fair_value": 35.434463, "relative_strength": 4.559679, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.170127, "energy": 43.199478, "activity_lines": [ 49.887245, 48.094641, 48.041155, 47.787339 ] }, { "date": "2026-05-08", "close": 51.072518, "volume": 4283647, "typical_volume": 4975855.7, "trend": 47.546509, "fair_value": 35.631647, "relative_strength": 1.777129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.009079, "energy": 60.306205, "activity_lines": [ 50.66479, 48.736437, 48.349557, 48.027307 ] }, { "date": "2026-05-15", "close": 47.949702, "volume": 3774607, "typical_volume": 5074345.35, "trend": 47.630616, "fair_value": 35.799322, "relative_strength": -4.691782, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.995389, "energy": 54.074688, "activity_lines": [ 49.991006, 48.80664, 48.34253, 48.05332 ] }, { "date": "2026-05-22", "close": 48.0, "volume": 4336044, "typical_volume": 5170259.05, "trend": 47.695875, "fair_value": 35.966508, "relative_strength": -5.496185, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.752982, "energy": 28.985434, "activity_lines": [ 49.312704, 48.873833, 48.338758, 48.077151 ] }, { "date": "2026-05-29", "close": 47.0, "volume": 4196212, "typical_volume": 5128986.1, "trend": 47.702972, "fair_value": 36.11651, "relative_strength": -8.805704, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.821064, "energy": 10.448063, "activity_lines": [ 48.277097, 48.716027, 48.233278, 48.032256 ] }, { "date": "2026-06-05", "close": 47.37, "volume": 3907357, "typical_volume": 5056033.9, "trend": 47.710816, "fair_value": 36.260352, "relative_strength": -5.811641, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.122307, "energy": 16.672109, "activity_lines": [ 47.721461, 48.565304, 48.157301, 48.010773 ] }, { "date": "2026-06-12", "close": 48.39, "volume": 3425673, "typical_volume": 5044361.4, "trend": 47.798344, "fair_value": 36.410919, "relative_strength": -4.492881, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.076469, "energy": 9.557036, "activity_lines": [ 47.758647, 48.543637, 48.176989, 48.054592 ] }, { "date": "2026-06-19", "close": 49.98, "volume": 4022031, "typical_volume": 4956127.35, "trend": 47.917257, "fair_value": 36.572612, "relative_strength": -2.462622, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.010145, "energy": 15.668856, "activity_lines": [ 48.504667, 48.747911, 48.339542, 48.195344 ] }, { "date": "2026-06-26", "close": 50.87, "volume": 8390949, "typical_volume": 4942449.45, "trend": 48.029997, "fair_value": 36.731229, "relative_strength": 1.399302, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.736711, "energy": 32.102511, "activity_lines": [ 49.412, 49.071283, 48.567452, 48.385843 ] }, { "date": "2026-07-03", "close": 49.16, "volume": 4373801, "typical_volume": 4868984.85, "trend": 48.113613, "fair_value": 36.883804, "relative_strength": -4.242335, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.891387, "energy": 29.634592, "activity_lines": [ 49.558, 49.025026, 48.640482, 48.458747 ] }, { "date": "2026-07-10", "close": 47.35, "volume": 4057664, "typical_volume": 4945105.8, "trend": 48.127603, "fair_value": 37.018175, "relative_strength": -9.061013, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.304095, "energy": 18.048319, "activity_lines": [ 48.956667, 48.707671, 48.550235, 48.409481 ] }, { "date": "2026-07-17", "close": 47.73, "volume": 4699125, "typical_volume": 4999239.35, "trend": 48.142313, "fair_value": 37.153923, "relative_strength": -7.003498, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.138692, "energy": 8.49931, "activity_lines": [ 48.483333, 48.528722, 48.512289, 48.383829 ] }, { "date": "2026-07-24", "close": 48.38, "volume": 5245557, "typical_volume": 5057861.3, "trend": 48.167407, "fair_value": 37.274469, "relative_strength": -5.311695, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.111511, "energy": 11.161949, "activity_lines": [ 48.270667, 48.528727, 48.551168, 48.399164 ] }, { "date": "2026-07-31", "close": 50.51, "volume": 7138728, "typical_volume": 5213403.15, "trend": 48.296355, "fair_value": 37.412218, "relative_strength": -2.081711, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.418225, "energy": 16.736533, "activity_lines": [ 48.874667, 48.908182, 48.787671, 48.550299 ] }, { "date": "2026-08-07", "close": 51.42, "volume": 4233271, "typical_volume": 5061339.55, "trend": 48.483843, "fair_value": 37.558915, "relative_strength": -3.619627, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.516446, "energy": 35.999246, "activity_lines": [ 49.806, 49.407455, 49.087579, 48.751825 ] } ], "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." } } }