{ "ticker": { "uuid": "9911b78d-6e3c-485f-a3be-4b1fdf6d9607", "symbol": "CUBE", "name": "CubeSmart", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 58.399, "architecture_energy": 48.337, "architecture_maturity": 34.831, "architecture_confidence": 78.888, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 18.03, "rotation_up": 59.16, "upward_expansion": 81.3, "deceleration": 51.49, "rotation_down": 16.3, "downward_expansion": 7.96 }, "activity_lines": [ 41.662, 41.318223, 40.619062, 40.04017 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 41.77, "trend_reference": 39.391316, "distance_from_trend": 0.060386, "trend_direction": "Improving", "fair_value": 39.498866, "distance_from_fair_value": 0.057499, "fair_value_direction": "Improving", "relative_strength": -3.56186, "relative_strength_direction": "Improving", "price_momentum": 0.10383, "excess_performance": -0.021795, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.060386, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048298, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.057499, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041845, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035619, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.044363, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.10383, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.637146, "read": "Demand-led" } ], "volume": { "latest": 9648781, "relative_activity": 0.930514, "balance": 1.637146, "dry_up": 1.145917, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.046878, "annualized_volatility": 0.207378, "from_high_reference": -0.034443, "from_low_reference": 0.220155 }, "levels": { "trend_reference": 39.391316, "fair_value_reference": 39.498866, "structural_low": 35.18945, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.015132, "positive_rate": 0.526316, "directional_follow_through": 0.526316, "median_excess_return": -0.005526, "regime_survival": 0.684211, "best_return": 0.131427, "worst_return": -0.107362, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.010962, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.001869, "regime_survival": 0.285714, "best_return": 0.152643, "worst_return": -0.062103, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.0932, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.064156, "regime_survival": 0.2, "best_return": 0.08106, "worst_return": -0.150262, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.082932, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.069938, "regime_survival": 0.0, "best_return": 0.043683, "worst_return": -0.090024, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-07-05", "tenure": "Developing", "return": 0.106224, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-12", "end": "2024-07-19", "tenure": "New", "return": 0.0114, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-10-18", "tenure": "Established", "return": 0.059208, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-12-20", "tenure": "Developing", "return": -0.115855, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": 0.006318, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-05-09", "tenure": "Established", "return": 0.073774, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-08-08", "tenure": "Established", "return": -0.100186, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.035949, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-11-07", "tenure": "Developing", "return": -0.08907, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-01-30", "tenure": "Developing", "return": 0.040194, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": 0.014066, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.089578, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.115508, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.054351, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 36.103079, "volume": 7972270, "typical_volume": 7618394.1, "trend": 38.947553, "fair_value": 36.356024, "relative_strength": -10.552036, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.570878, "energy": 71.77886, "activity_lines": [ 36.608103, 37.559595, 38.179856, 38.573898 ] }, { "date": "2023-08-25", "close": 36.417627, "volume": 6722113, "typical_volume": 7429531.05, "trend": 38.886949, "fair_value": 36.43152, "relative_strength": -10.130604, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.349329, "energy": 70.993382, "activity_lines": [ 36.368115, 37.271341, 37.959178, 38.410677 ] }, { "date": "2023-09-01", "close": 36.251615, "volume": 7979514, "typical_volume": 7301627.55, "trend": 38.769214, "fair_value": 36.504201, "relative_strength": -12.413498, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.95199, "energy": 64.742207, "activity_lines": [ 36.28074, 36.992073, 37.745994, 38.240656 ] }, { "date": "2023-09-08", "close": 35.377872, "volume": 9258569, "typical_volume": 7236444.85, "trend": 38.646585, "fair_value": 36.569932, "relative_strength": -13.094348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.890294, "energy": 64.511416, "activity_lines": [ 36.006967, 36.576489, 37.466572, 38.021859 ] }, { "date": "2023-09-15", "close": 35.910856, "volume": 9321400, "typical_volume": 7251363.5, "trend": 38.5517, "fair_value": 36.639079, "relative_strength": -11.403528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.943882, "energy": 46.60152, "activity_lines": [ 35.917263, 36.324057, 37.258018, 37.845361 ] }, { "date": "2023-09-22", "close": 33.848821, "volume": 4936570, "typical_volume": 7131811.25, "trend": 38.376677, "fair_value": 36.696458, "relative_strength": -13.719553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.019843, "energy": 64.897159, "activity_lines": [ 35.196133, 35.747227, 36.869291, 37.541949 ] }, { "date": "2023-09-29", "close": 33.743972, "volume": 6572890, "typical_volume": 7137107.65, "trend": 38.114636, "fair_value": 36.742291, "relative_strength": -13.077396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.112279, "energy": 77.052633, "activity_lines": [ 34.590338, 35.273499, 36.498955, 37.243065 ] }, { "date": "2023-10-06", "close": 33.151041, "volume": 7815756, "typical_volume": 7269984.05, "trend": 37.919204, "fair_value": 36.781394, "relative_strength": -14.770477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.691326, "energy": 81.904851, "activity_lines": [ 33.965143, 34.797292, 36.101313, 36.922833 ] }, { "date": "2023-10-13", "close": 33.451931, "volume": 8888143, "typical_volume": 7436171.7, "trend": 37.712708, "fair_value": 36.822678, "relative_strength": -14.171476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.808644, "energy": 82.417121, "activity_lines": [ 33.646949, 34.460761, 35.759293, 36.634622 ] }, { "date": "2023-10-20", "close": 31.443045, "volume": 7501809, "typical_volume": 7594169.85, "trend": 37.474597, "fair_value": 36.851135, "relative_strength": -17.121652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.740216, "energy": 89.508137, "activity_lines": [ 32.787522, 33.795742, 35.251073, 36.230128 ] }, { "date": "2023-10-27", "close": 30.071339, "volume": 11001759, "typical_volume": 7793075.25, "trend": 37.145437, "fair_value": 36.872517, "relative_strength": -18.374865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.46853, "energy": 93.110624, "activity_lines": [ 31.768715, 32.977807, 34.648754, 35.752498 ] }, { "date": "2023-11-03", "close": 32.053676, "volume": 13754182, "typical_volume": 8106212.65, "trend": 36.836837, "fair_value": 36.90903, "relative_strength": -17.534563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.025962, "energy": 81.088785, "activity_lines": [ 31.662518, 32.629964, 34.27435, 35.423997 ] }, { "date": "2023-11-10", "close": 32.23952, "volume": 12992524, "typical_volume": 8328044.55, "trend": 36.584271, "fair_value": 36.943957, "relative_strength": -17.895549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.259084, "energy": 68.213831, "activity_lines": [ 31.730956, 32.395255, 33.948685, 35.127396 ] }, { "date": "2023-11-17", "close": 34.558146, "volume": 10117248, "typical_volume": 8445445.3, "trend": 36.416194, "fair_value": 36.997888, "relative_strength": -13.769697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.878176, "energy": 46.485306, "activity_lines": [ 32.633037, 32.655062, 33.868851, 34.996679 ] }, { "date": "2023-11-24", "close": 34.151059, "volume": 3673173, "typical_volume": 8413847.0, "trend": 36.244055, "fair_value": 37.055827, "relative_strength": -15.425371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.233458, "energy": 25.309123, "activity_lines": [ 33.325675, 32.855758, 33.771501, 34.850541 ] }, { "date": "2023-12-01", "close": 36.221893, "volume": 10613330, "typical_volume": 8691611.15, "trend": 36.124523, "fair_value": 37.122596, "relative_strength": -10.859342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.794598, "energy": 20.136191, "activity_lines": [ 34.528057, 33.464964, 33.892985, 34.849111 ] }, { "date": "2023-12-08", "close": 37.328107, "volume": 7982607, "typical_volume": 8599558.2, "trend": 36.039848, "fair_value": 37.195647, "relative_strength": -8.104018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.195526, "energy": 30.498057, "activity_lines": [ 35.68914, 34.232154, 34.140517, 34.926762 ] }, { "date": "2023-12-15", "close": 40.036121, "volume": 12064812, "typical_volume": 8892109.55, "trend": 36.080587, "fair_value": 37.284694, "relative_strength": -3.636672, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 47.287669, "energy": 49.196023, "activity_lines": [ 37.401265, 35.426545, 34.656473, 35.184586 ] }, { "date": "2023-12-22", "close": 40.797196, "volume": 8008899, "typical_volume": 8771740.2, "trend": 36.149575, "fair_value": 37.375993, "relative_strength": -2.594576, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.264364, "energy": 72.881405, "activity_lines": [ 38.847309, 36.634129, 35.234381, 35.488883 ] }, { "date": "2023-12-29", "close": 41.469775, "volume": 3870264, "typical_volume": 8552391.6, "trend": 36.228019, "fair_value": 37.47034, "relative_strength": -1.245689, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.015592, "energy": 80.88066, "activity_lines": [ 40.101609, 37.830449, 35.850995, 35.832122 ] }, { "date": "2024-01-05", "close": 41.308727, "volume": 6064500, "typical_volume": 8457003.1, "trend": 36.328752, "fair_value": 37.563145, "relative_strength": -0.078394, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.49366, "energy": 79.272948, "activity_lines": [ 40.814311, 38.815185, 36.429794, 36.159909 ] }, { "date": "2024-01-12", "close": 40.485595, "volume": 7219803, "typical_volume": 8481887.6, "trend": 36.392539, "fair_value": 37.646949, "relative_strength": -3.74405, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.014509, "energy": 81.653285, "activity_lines": [ 40.913515, 39.445943, 36.905411, 36.428093 ] }, { "date": "2024-01-19", "close": 40.566119, "volume": 7408469, "typical_volume": 8453335.35, "trend": 36.495022, "fair_value": 37.728564, "relative_strength": -4.506218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.930328, "energy": 68.689196, "activity_lines": [ 40.82906, 39.938035, 37.369326, 36.697356 ] }, { "date": "2024-01-26", "close": 39.97561, "volume": 5632320, "typical_volume": 8272022.9, "trend": 36.52683, "fair_value": 37.807058, "relative_strength": -6.578716, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.528012, "energy": 53.758592, "activity_lines": [ 40.512436, 40.171369, 37.756456, 36.92191 ] }, { "date": "2024-02-02", "close": 38.857224, "volume": 9027956, "typical_volume": 8257350.7, "trend": 36.532425, "fair_value": 37.876087, "relative_strength": -10.085949, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.388374, "energy": 40.046238, "activity_lines": [ 39.877789, 40.102861, 38.015179, 37.072258 ] }, { "date": "2024-02-09", "close": 39.33142, "volume": 7944227, "typical_volume": 8407733.55, "trend": 36.491209, "fair_value": 37.945196, "relative_strength": -9.861575, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.030947, "energy": 32.722359, "activity_lines": [ 39.575377, 40.035003, 38.305034, 37.252838 ] }, { "date": "2024-02-16", "close": 38.866171, "volume": 9082133, "typical_volume": 8533195.7, "trend": 36.468851, "fair_value": 38.008414, "relative_strength": -10.253473, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.435591, "energy": 25.473159, "activity_lines": [ 39.249703, 39.826018, 38.524472, 37.406062 ] }, { "date": "2024-02-23", "close": 38.83933, "volume": 6249625, "typical_volume": 8454889.15, "trend": 36.502684, "fair_value": 38.068808, "relative_strength": -11.322612, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.280878, "energy": 23.551497, "activity_lines": [ 39.023043, 39.584188, 38.716962, 37.558996 ] }, { "date": "2024-03-01", "close": 39.009324, "volume": 9098679, "typical_volume": 8465415.95, "trend": 36.620529, "fair_value": 38.132842, "relative_strength": -11.2398, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.391186, "energy": 20.291345, "activity_lines": [ 38.968168, 39.395025, 38.898554, 37.720714 ] }, { "date": "2024-03-08", "close": 40.718219, "volume": 6921251, "typical_volume": 8436388.05, "trend": 36.752814, "fair_value": 38.200126, "relative_strength": -6.663599, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.045654, "energy": 29.824972, "activity_lines": [ 39.547343, 39.549078, 39.216435, 37.985082 ] }, { "date": "2024-03-15", "close": 38.275663, "volume": 8314160, "typical_volume": 8302008.1, "trend": 36.825234, "fair_value": 38.259049, "relative_strength": -11.654347, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.054788, "energy": 21.105904, "activity_lines": [ 39.188266, 39.272694, 39.257524, 38.08333 ] }, { "date": "2024-03-22", "close": 39.215108, "volume": 5891524, "typical_volume": 7908875.2, "trend": 36.918483, "fair_value": 38.31583, "relative_strength": -10.985156, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.647327, "energy": 18.994151, "activity_lines": [ 39.212722, 39.222265, 39.349016, 38.237515 ] }, { "date": "2024-03-29", "close": 40.915055, "volume": 5106764, "typical_volume": 7514587.2, "trend": 37.073931, "fair_value": 38.378517, "relative_strength": -7.017171, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.586268, "energy": 33.131606, "activity_lines": [ 39.780564, 39.504017, 39.568305, 38.495359 ] }, { "date": "2024-04-05", "close": 40.842671, "volume": 6315921, "typical_volume": 7324520.85, "trend": 37.256091, "fair_value": 38.436621, "relative_strength": -5.841905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.956055, "energy": 35.851435, "activity_lines": [ 40.185896, 39.766264, 39.739389, 38.738503 ] }, { "date": "2024-04-12", "close": 39.648335, "volume": 5921250, "typical_volume": 7436924.7, "trend": 37.380674, "fair_value": 38.481715, "relative_strength": -6.803611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.374338, "energy": 33.354261, "activity_lines": [ 40.070894, 39.795595, 39.7668, 38.892842 ] }, { "date": "2024-04-19", "close": 38.046839, "volume": 6251021, "typical_volume": 7218809.25, "trend": 37.520608, "fair_value": 38.509233, "relative_strength": -7.292528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.732993, "energy": 13.706935, "activity_lines": [ 39.493384, 39.51936, 39.61551, 38.93582 ] }, { "date": "2024-04-26", "close": 36.879647, "volume": 6991186, "typical_volume": 7169238.2, "trend": 37.62513, "fair_value": 38.527673, "relative_strength": -11.97605, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.16264, "energy": 10.980972, "activity_lines": [ 38.542066, 39.054265, 39.344369, 38.894468 ] }, { "date": "2024-05-03", "close": 37.775399, "volume": 8229908, "typical_volume": 6977493.0, "trend": 37.779275, "fair_value": 38.552678, "relative_strength": -9.867825, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.951939, "energy": 18.173993, "activity_lines": [ 38.045029, 38.788152, 39.160673, 38.904162 ] }, { "date": "2024-05-10", "close": 38.625911, "volume": 6174386, "typical_volume": 6885767.35, "trend": 37.951741, "fair_value": 38.583805, "relative_strength": -9.013612, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.254261, "energy": 19.112836, "activity_lines": [ 38.040807, 38.696022, 39.068743, 38.958784 ] }, { "date": "2024-05-17", "close": 40.136927, "volume": 7606414, "typical_volume": 7072574.85, "trend": 38.241538, "fair_value": 38.621272, "relative_strength": -6.589359, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.013584, "energy": 16.132434, "activity_lines": [ 38.688041, 38.885593, 39.131059, 39.099764 ] }, { "date": "2024-05-24", "close": 38.092079, "volume": 4937865, "typical_volume": 7016243.1, "trend": 38.508896, "fair_value": 38.640019, "relative_strength": -10.890582, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.490574, "energy": 5.545199, "activity_lines": [ 38.621085, 38.713943, 39.004975, 39.090121 ] }, { "date": "2024-05-31", "close": 38.282087, "volume": 5567850, "typical_volume": 6933645.45, "trend": 38.716509, "fair_value": 38.653909, "relative_strength": -9.660982, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.452856, "energy": 6.847766, "activity_lines": [ 38.61445, 38.580177, 38.912304, 39.075488 ] }, { "date": "2024-06-07", "close": 38.453999, "volume": 5033263, "typical_volume": 6814885.15, "trend": 38.923659, "fair_value": 38.661592, "relative_strength": -9.988401, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.810946, "energy": 5.993396, "activity_lines": [ 38.571623, 38.494633, 38.846499, 39.058552 ] }, { "date": "2024-06-14", "close": 40.019303, "volume": 6198949, "typical_volume": 6843216.6, "trend": 39.105697, "fair_value": 38.68214, "relative_strength": -7.504702, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.528941, "energy": 4.382277, "activity_lines": [ 39.005324, 38.738435, 38.939827, 39.129239 ] }, { "date": "2024-06-21", "close": 40.969343, "volume": 6098928, "typical_volume": 6696765.2, "trend": 39.332973, "fair_value": 38.699305, "relative_strength": -5.629569, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.491395, "energy": 16.932076, "activity_lines": [ 39.662812, 39.169943, 39.123428, 39.249474 ] }, { "date": "2024-06-28", "close": 40.869815, "volume": 5831035, "typical_volume": 6591105.6, "trend": 39.487904, "fair_value": 38.718439, "relative_strength": -5.485654, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.405645, "energy": 31.835705, "activity_lines": [ 40.231629, 39.559336, 39.287492, 39.348625 ] }, { "date": "2024-07-05", "close": 40.797139, "volume": 3109229, "typical_volume": 6292460.4, "trend": 39.603538, "fair_value": 38.728394, "relative_strength": -7.068448, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.21905, "energy": 41.84746, "activity_lines": [ 40.591039, 39.884188, 39.437309, 39.433092 ] }, { "date": "2024-07-12", "close": 43.360119, "volume": 5789531, "typical_volume": 6269455.7, "trend": 39.714338, "fair_value": 38.754364, "relative_strength": -1.836748, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.063263, "energy": 63.246231, "activity_lines": [ 41.637106, 40.60381, 39.822024, 39.675452 ] }, { "date": "2024-07-19", "close": 43.854408, "volume": 5802895, "typical_volume": 6104666.5, "trend": 39.816245, "fair_value": 38.78148, "relative_strength": 1.488916, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.593333, "energy": 78.037169, "activity_lines": [ 42.52086, 41.311762, 40.232287, 39.942553 ] }, { "date": "2024-07-26", "close": 43.607263, "volume": 6574266, "typical_volume": 6087317.25, "trend": 39.887495, "fair_value": 38.803486, "relative_strength": 1.856156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.452295, "energy": 77.72987, "activity_lines": [ 43.06656, 41.879714, 40.59594, 40.187135 ] }, { "date": "2024-08-02", "close": 44.595841, "volume": 8674833, "typical_volume": 6105350.9, "trend": 39.997065, "fair_value": 38.829339, "relative_strength": 6.338387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.760273, "energy": 82.263936, "activity_lines": [ 43.765924, 42.564312, 41.039987, 40.490899 ] }, { "date": "2024-08-09", "close": 44.083245, "volume": 7082573, "typical_volume": 6164903.35, "trend": 40.116987, "fair_value": 38.849262, "relative_strength": 5.121822, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.947959, "energy": 75.374413, "activity_lines": [ 44.046021, 43.03746, 41.405118, 40.754524 ] }, { "date": "2024-08-16", "close": 44.504306, "volume": 5781603, "typical_volume": 6198645.3, "trend": 40.24826, "fair_value": 38.868305, "relative_strength": 2.13357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.89864, "energy": 68.085962, "activity_lines": [ 44.247398, 43.481688, 41.787169, 41.037577 ] }, { "date": "2024-08-23", "close": 47.122206, "volume": 3980451, "typical_volume": 6081871.8, "trend": 40.48648, "fair_value": 38.896611, "relative_strength": 6.639878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.675504, "energy": 79.433591, "activity_lines": [ 45.245129, 44.291894, 42.401452, 41.481057 ] }, { "date": "2024-08-30", "close": 47.442579, "volume": 5171780, "typical_volume": 6044398.3, "trend": 40.772658, "fair_value": 38.916287, "relative_strength": 6.999276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.585359, "energy": 85.131016, "activity_lines": [ 46.131798, 45.031205, 43.016344, 41.929838 ] }, { "date": "2024-09-06", "close": 47.451732, "volume": 4660802, "typical_volume": 5964887.35, "trend": 41.043335, "fair_value": 38.943593, "relative_strength": 11.439896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.722915, "energy": 86.992659, "activity_lines": [ 46.76583, 45.654485, 43.594993, 42.360746 ] }, { "date": "2024-09-13", "close": 49.428888, "volume": 6036510, "typical_volume": 5917153.55, "trend": 41.395426, "fair_value": 38.991767, "relative_strength": 11.445292, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.410094, "energy": 93.281431, "activity_lines": [ 47.868522, 46.517576, 44.317157, 42.901749 ] }, { "date": "2024-09-20", "close": 49.373967, "volume": 7444619, "typical_volume": 5877889.1, "trend": 41.746581, "fair_value": 39.048198, "relative_strength": 9.57075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.509798, "energy": 89.968848, "activity_lines": [ 48.59653, 47.213741, 44.974332, 43.416494 ] }, { "date": "2024-09-27", "close": 48.724069, "volume": 5674103, "typical_volume": 5852874.95, "trend": 42.070405, "fair_value": 39.106627, "relative_strength": 7.382424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.344386, "energy": 80.344968, "activity_lines": [ 48.783261, 47.682401, 45.51438, 43.866654 ] }, { "date": "2024-10-04", "close": 47.279661, "volume": 7835443, "typical_volume": 5864326.4, "trend": 42.28912, "fair_value": 39.15538, "relative_strength": 3.816617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.606407, "energy": 61.082706, "activity_lines": [ 48.381733, 47.799901, 45.86878, 44.202735 ] }, { "date": "2024-10-11", "close": 46.041296, "volume": 7205270, "typical_volume": 5977696.65, "trend": 42.547975, "fair_value": 39.178438, "relative_strength": -0.074703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.765445, "energy": 46.810213, "activity_lines": [ 47.578277, 47.625473, 46.071227, 44.444811 ] }, { "date": "2024-10-18", "close": 46.189161, "volume": 7010787, "typical_volume": 6049843.5, "trend": 42.780443, "fair_value": 39.196962, "relative_strength": -0.693286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.611736, "energy": 33.240716, "activity_lines": [ 46.918138, 47.451649, 46.249903, 44.679726 ] }, { "date": "2024-10-25", "close": 44.590376, "volume": 5900401, "typical_volume": 6093200.4, "trend": 42.902954, "fair_value": 39.195523, "relative_strength": -3.277038, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.634585, "energy": 28.145346, "activity_lines": [ 45.941054, 46.948847, 46.238661, 44.796496 ] }, { "date": "2024-11-01", "close": 43.740156, "volume": 7607821, "typical_volume": 6163644.0, "trend": 42.999537, "fair_value": 39.196363, "relative_strength": -3.835246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.943111, "energy": 23.602425, "activity_lines": [ 44.999468, 46.289894, 46.117225, 44.850509 ] }, { "date": "2024-11-08", "close": 45.172593, "volume": 8874625, "typical_volume": 6302428.85, "trend": 43.183678, "fair_value": 39.200798, "relative_strength": -5.224487, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.629322, "energy": 21.626549, "activity_lines": [ 44.867622, 45.952877, 46.114493, 44.990706 ] }, { "date": "2024-11-15", "close": 44.664308, "volume": 6445271, "typical_volume": 6333140.65, "trend": 43.404261, "fair_value": 39.200825, "relative_strength": -4.267251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.84354, "energy": 21.024754, "activity_lines": [ 44.70682, 45.564717, 46.043337, 45.086231 ] }, { "date": "2024-11-22", "close": 45.200317, "volume": 4992367, "typical_volume": 6427297.55, "trend": 43.681616, "fair_value": 39.209876, "relative_strength": -4.70337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.908056, "energy": 17.529118, "activity_lines": [ 44.816486, 45.324693, 46.005161, 45.202106 ] }, { "date": "2024-11-29", "close": 45.801016, "volume": 5847034, "typical_volume": 6430172.7, "trend": 43.949137, "fair_value": 39.219697, "relative_strength": -4.473886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.901312, "energy": 8.876983, "activity_lines": [ 45.192308, 45.27077, 46.003227, 45.338841 ] }, { "date": "2024-12-06", "close": 43.878779, "volume": 6487550, "typical_volume": 6464405.45, "trend": 44.124233, "fair_value": 39.217353, "relative_strength": -9.054783, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.411045, "energy": 10.203896, "activity_lines": [ 44.846675, 44.932313, 45.806599, 45.334302 ] }, { "date": "2024-12-13", "close": 42.760554, "volume": 5896870, "typical_volume": 6430535.65, "trend": 44.211687, "fair_value": 39.200111, "relative_strength": -10.511822, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.895546, "energy": 28.363686, "activity_lines": [ 44.119058, 44.478638, 45.503358, 45.246323 ] }, { "date": "2024-12-20", "close": 39.424362, "volume": 10618032, "typical_volume": 6527695.6, "trend": 44.256096, "fair_value": 39.161431, "relative_strength": -15.529768, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -59.276401, "energy": 65.271413, "activity_lines": [ 42.440181, 43.500548, 44.886416, 44.937463 ] }, { "date": "2024-12-27", "close": 39.350429, "volume": 4533101, "typical_volume": 6400222.0, "trend": 44.291708, "fair_value": 39.114235, "relative_strength": -15.77906, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.168684, "energy": 77.221177, "activity_lines": [ 41.085989, 42.629324, 44.287059, 44.620968 ] }, { "date": "2025-01-03", "close": 39.599027, "volume": 3947070, "typical_volume": 6308495.35, "trend": 44.329875, "fair_value": 39.098677, "relative_strength": -14.336482, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.223616, "energy": 89.321203, "activity_lines": [ 40.204655, 41.92764, 43.733915, 44.318215 ] }, { "date": "2025-01-10", "close": 37.643404, "volume": 5306242, "typical_volume": 6374784.9, "trend": 44.250679, "fair_value": 39.071215, "relative_strength": -16.524129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.735509, "energy": 94.062026, "activity_lines": [ 39.084913, 40.96114, 43.01788, 43.886829 ] }, { "date": "2025-01-17", "close": 38.70075, "volume": 8931290, "typical_volume": 6562760.4, "trend": 44.175059, "fair_value": 39.053108, "relative_strength": -16.210587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.342519, "energy": 87.427638, "activity_lines": [ 38.733311, 40.297735, 42.447681, 43.528769 ] }, { "date": "2025-01-24", "close": 39.01889, "volume": 8701582, "typical_volume": 6764799.4, "trend": 44.113361, "fair_value": 39.035304, "relative_strength": -16.573426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.800996, "energy": 80.243327, "activity_lines": [ 38.75841, 39.809843, 41.94941, 43.196113 ] }, { "date": "2025-01-31", "close": 39.01889, "volume": 6719494, "typical_volume": 6798948.6, "trend": 44.054086, "fair_value": 39.016238, "relative_strength": -15.408447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.597701, "energy": 60.833885, "activity_lines": [ 38.81054, 39.424595, 41.491295, 42.867438 ] }, { "date": "2025-02-07", "close": 39.655169, "volume": 5510911, "typical_volume": 6702263.2, "trend": 43.930588, "fair_value": 39.004302, "relative_strength": -13.58664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.379155, "energy": 54.940828, "activity_lines": [ 39.096865, 39.267424, 41.143349, 42.583637 ] }, { "date": "2025-02-14", "close": 38.925319, "volume": 5814245, "typical_volume": 6709270.3, "trend": 43.766285, "fair_value": 39.000789, "relative_strength": -16.1034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.912318, "energy": 47.666929, "activity_lines": [ 39.136165, 39.089296, 40.772173, 42.260716 ] }, { "date": "2025-02-21", "close": 39.121817, "volume": 7280698, "typical_volume": 6681533.05, "trend": 43.61677, "fair_value": 38.989907, "relative_strength": -14.042068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.07407, "energy": 42.943238, "activity_lines": [ 39.155503, 39.036957, 40.466373, 41.961073 ] }, { "date": "2025-02-28", "close": 38.625894, "volume": 11844991, "typical_volume": 6913519.1, "trend": 43.417772, "fair_value": 38.967742, "relative_strength": -14.046833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.171962, "energy": 41.078864, "activity_lines": [ 38.981462, 38.960609, 40.152188, 41.639081 ] }, { "date": "2025-03-07", "close": 40.188521, "volume": 12458819, "typical_volume": 7185920.7, "trend": 43.287948, "fair_value": 38.968381, "relative_strength": -7.479797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.366479, "energy": 34.431015, "activity_lines": [ 39.354496, 39.182893, 40.022137, 41.430742 ] }, { "date": "2025-03-14", "close": 38.990818, "volume": 9832511, "typical_volume": 7382526.2, "trend": 43.104165, "fair_value": 38.952765, "relative_strength": -7.993181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.221295, "energy": 32.166116, "activity_lines": [ 39.250321, 39.172175, 39.806593, 41.153508 ] }, { "date": "2025-03-21", "close": 38.934676, "volume": 7268443, "typical_volume": 7365557.3, "trend": 42.831247, "fair_value": 38.935316, "relative_strength": -8.424153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.668906, "energy": 33.59026, "activity_lines": [ 39.171721, 39.162308, 39.612367, 40.884509 ] }, { "date": "2025-03-28", "close": 39.355743, "volume": 6678504, "typical_volume": 7255751.25, "trend": 42.561686, "fair_value": 38.90499, "relative_strength": -5.846338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.253216, "energy": 26.816285, "activity_lines": [ 39.232854, 39.20552, 39.481126, 40.660283 ] }, { "date": "2025-04-04", "close": 37.455508, "volume": 13129869, "typical_volume": 7589981.15, "trend": 42.228479, "fair_value": 38.861528, "relative_strength": -1.315278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.741241, "energy": 42.709961, "activity_lines": [ 38.64498, 38.891326, 39.196609, 40.330852 ] }, { "date": "2025-04-11", "close": 35.71251, "volume": 11598351, "typical_volume": 7920280.35, "trend": 41.771266, "fair_value": 38.805674, "relative_strength": -10.690326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.39631, "energy": 55.436368, "activity_lines": [ 37.554132, 38.288649, 38.78042, 39.910467 ] }, { "date": "2025-04-18", "close": 37.483926, "volume": 5534808, "typical_volume": 7904669.05, "trend": 41.374931, "fair_value": 38.765949, "relative_strength": -4.757922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.456445, "energy": 47.903369, "activity_lines": [ 37.352157, 38.068163, 38.578117, 39.633864 ] }, { "date": "2025-04-25", "close": 37.701801, "volume": 7144901, "typical_volume": 7937536.6, "trend": 41.007522, "fair_value": 38.755578, "relative_strength": -8.301428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.955902, "energy": 50.179328, "activity_lines": [ 37.323267, 37.926768, 38.43617, 39.396888 ] }, { "date": "2025-05-02", "close": 40.325771, "volume": 12511577, "typical_volume": 8268271.95, "trend": 40.775726, "fair_value": 38.779907, "relative_strength": -4.618906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.625129, "energy": 25.346462, "activity_lines": [ 38.251224, 38.284705, 38.573538, 39.352904 ] }, { "date": "2025-05-09", "close": 40.420499, "volume": 10392115, "typical_volume": 8256976.1, "trend": 40.588366, "fair_value": 38.809618, "relative_strength": -3.898715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.911599, "energy": 12.25162, "activity_lines": [ 39.14609, 38.637974, 38.731523, 39.329986 ] }, { "date": "2025-05-16", "close": 41.377253, "volume": 9650368, "typical_volume": 8512839.45, "trend": 40.427969, "fair_value": 38.858193, "relative_strength": -6.395284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.152988, "energy": 18.808107, "activity_lines": [ 40.162207, 39.13257, 38.975883, 39.380882 ] }, { "date": "2025-05-23", "close": 39.141669, "volume": 8580701, "typical_volume": 8744521.0, "trend": 40.246346, "fair_value": 38.8683, "relative_strength": -9.0214, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.513369, "energy": 17.926966, "activity_lines": [ 40.05548, 39.199082, 38.99768, 39.297895 ] }, { "date": "2025-05-30", "close": 40.505754, "volume": 8327743, "typical_volume": 8895596.05, "trend": 40.138532, "fair_value": 38.893146, "relative_strength": -7.378154, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.794788, "energy": 21.735531, "activity_lines": [ 40.292932, 39.510867, 39.151566, 39.314631 ] }, { "date": "2025-06-06", "close": 40.988868, "volume": 8310177, "typical_volume": 8864540.4, "trend": 39.999075, "fair_value": 38.936261, "relative_strength": -7.690766, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.704812, "energy": 30.659156, "activity_lines": [ 40.504491, 39.881926, 39.337834, 39.369491 ] }, { "date": "2025-06-13", "close": 40.733102, "volume": 6715847, "typical_volume": 8765253.65, "trend": 39.868035, "fair_value": 38.985164, "relative_strength": -7.783926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.564129, "energy": 22.04658, "activity_lines": [ 40.586589, 40.176789, 39.488847, 39.416848 ] }, { "date": "2025-06-20", "close": 40.136314, "volume": 7650973, "typical_volume": 8811827.6, "trend": 39.699234, "fair_value": 39.011568, "relative_strength": -8.784639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.522702, "energy": 21.465533, "activity_lines": [ 40.448917, 40.303553, 39.57486, 39.434156 ] }, { "date": "2025-06-27", "close": 40.136314, "volume": 9721192, "typical_volume": 9022341.65, "trend": 39.510411, "fair_value": 39.035272, "relative_strength": -11.597845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.87278, "energy": 16.85262, "activity_lines": [ 40.393975, 40.349883, 39.655552, 39.462355 ] }, { "date": "2025-07-04", "close": 41.556203, "volume": 6684462, "typical_volume": 9065852.5, "trend": 39.432992, "fair_value": 39.07274, "relative_strength": -9.80878, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.424648, "energy": 33.425959, "activity_lines": [ 40.746019, 40.60615, 39.869181, 39.594342 ] }, { "date": "2025-07-11", "close": 40.587773, "volume": 8282028, "typical_volume": 9115919.0, "trend": 39.360566, "fair_value": 39.110109, "relative_strength": -11.359764, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.690755, "energy": 27.855826, "activity_lines": [ 40.705223, 40.616259, 39.97805, 39.668844 ] }, { "date": "2025-07-18", "close": 39.38922, "volume": 9095731, "typical_volume": 8978456.0, "trend": 39.359394, "fair_value": 39.128863, "relative_strength": -14.112704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.692376, "energy": 16.435212, "activity_lines": [ 40.29165, 40.403685, 39.96579, 39.670692 ] }, { "date": "2025-07-25", "close": 39.705638, "volume": 8287080, "typical_volume": 8769869.05, "trend": 39.371235, "fair_value": 39.137589, "relative_strength": -14.293151, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.592511, "energy": 14.15183, "activity_lines": [ 40.073141, 40.267393, 39.980031, 39.693031 ] }, { "date": "2025-08-01", "close": 38.257787, "volume": 13902501, "typical_volume": 8973368.55, "trend": 39.326527, "fair_value": 39.128085, "relative_strength": -14.853343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 6.158142, "energy": 13.130153, "activity_lines": [ 39.400726, 39.898248, 39.85868, 39.621195 ] }, { "date": "2025-08-08", "close": 37.231826, "volume": 7154278, "typical_volume": 8967660.3, "trend": 39.312807, "fair_value": 39.095554, "relative_strength": -18.599137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.630656, "energy": 35.548615, "activity_lines": [ 38.51156, 39.358635, 39.64311, 39.486053 ] }, { "date": "2025-08-15", "close": 37.87425, "volume": 8382036, "typical_volume": 9052836.9, "trend": 39.285257, "fair_value": 39.06982, "relative_strength": -17.504637, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.552233, "energy": 45.498581, "activity_lines": [ 38.124827, 38.995352, 39.496831, 39.393243 ] }, { "date": "2025-08-22", "close": 39.398809, "volume": 5965581, "typical_volume": 8694622.5, "trend": 39.297921, "fair_value": 39.062433, "relative_strength": -13.879837, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.640108, "energy": 39.014475, "activity_lines": [ 38.427182, 38.965891, 39.502804, 39.400569 ] }, { "date": "2025-08-29", "close": 39.235806, "volume": 8399494, "typical_volume": 8534679.65, "trend": 39.305152, "fair_value": 39.067665, "relative_strength": -13.630249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.353772, "energy": 28.354207, "activity_lines": [ 38.674564, 38.931054, 39.483998, 39.396562 ] }, { "date": "2025-09-05", "close": 40.022056, "volume": 6427526, "typical_volume": 8579315.55, "trend": 39.317382, "fair_value": 39.072417, "relative_strength": -11.543686, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.166965, "energy": 7.006293, "activity_lines": [ 39.21535, 39.055543, 39.523296, 39.442813 ] }, { "date": "2025-09-12", "close": 39.494693, "volume": 8794886, "typical_volume": 8661814.8, "trend": 39.336361, "fair_value": 39.093295, "relative_strength": -13.36929, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.639645, "energy": 11.619747, "activity_lines": [ 39.462732, 39.086226, 39.500282, 39.454253 ] }, { "date": "2025-09-19", "close": 38.54544, "volume": 10670005, "typical_volume": 8569736.2, "trend": 39.317148, "fair_value": 39.124699, "relative_strength": -15.787679, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.658192, "energy": 8.20146, "activity_lines": [ 39.242837, 38.9818, 39.378326, 39.403226 ] }, { "date": "2025-09-26", "close": 38.84268, "volume": 7004399, "typical_volume": 8400350.4, "trend": 39.324374, "fair_value": 39.156722, "relative_strength": -14.237104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.845533, "energy": 5.117747, "activity_lines": [ 39.077277, 38.96855, 39.293156, 39.372615 ] }, { "date": "2025-10-03", "close": 39.526168, "volume": 7661465, "typical_volume": 8300905.25, "trend": 39.302296, "fair_value": 39.202496, "relative_strength": -13.094605, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.796597, "energy": 3.300089, "activity_lines": [ 39.176621, 39.089508, 39.280594, 39.385634 ] }, { "date": "2025-10-10", "close": 38.19568, "volume": 6969494, "typical_volume": 8220344.9, "trend": 39.275791, "fair_value": 39.245646, "relative_strength": -13.400964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.944672, "energy": 20.715628, "activity_lines": [ 38.813112, 38.971823, 39.150133, 39.314239 ] }, { "date": "2025-10-17", "close": 40.934348, "volume": 8068740, "typical_volume": 8207394.75, "trend": 39.342447, "fair_value": 39.301043, "relative_strength": -8.300744, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.829434, "energy": 13.250798, "activity_lines": [ 39.484251, 39.353206, 39.285003, 39.421243 ] }, { "date": "2025-10-24", "close": 40.846944, "volume": 8227971, "typical_volume": 8203284.45, "trend": 39.392154, "fair_value": 39.336111, "relative_strength": -9.778882, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.413571, "energy": 33.786753, "activity_lines": [ 40.030278, 39.651379, 39.409507, 39.518307 ] }, { "date": "2025-10-31", "close": 36.583556, "volume": 12350601, "typical_volume": 8485022.15, "trend": 39.363089, "fair_value": 39.359881, "relative_strength": -19.210357, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.422827, "energy": 25.242048, "activity_lines": [ 39.001742, 39.120341, 39.12865, 39.337107 ] }, { "date": "2025-11-07", "close": 36.457306, "volume": 12154378, "typical_volume": 8710192.4, "trend": 39.387915, "fair_value": 39.370385, "relative_strength": -17.631301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.162306, "energy": 45.255409, "activity_lines": [ 38.081731, 38.617536, 38.855529, 39.149638 ] }, { "date": "2025-11-14", "close": 35.56384, "volume": 8033349, "typical_volume": 8625800.25, "trend": 39.323912, "fair_value": 39.37879, "relative_strength": -19.193536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.558027, "energy": 71.852331, "activity_lines": [ 37.068489, 38.0028, 38.514835, 38.902923 ] }, { "date": "2025-11-21", "close": 35.223934, "volume": 8859515, "typical_volume": 8734552.9, "trend": 39.241317, "fair_value": 39.385829, "relative_strength": -17.835412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.327793, "energy": 80.879477, "activity_lines": [ 36.1174, 37.407321, 38.163543, 38.638408 ] }, { "date": "2025-11-28", "close": 36.156246, "volume": 7243599, "typical_volume": 8682631.45, "trend": 39.102333, "fair_value": 39.391099, "relative_strength": -18.085209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.25518, "energy": 76.079143, "activity_lines": [ 35.857777, 37.059004, 37.931196, 38.439372 ] }, { "date": "2025-12-05", "close": 35.573551, "volume": 8247274, "typical_volume": 8640208.6, "trend": 38.940768, "fair_value": 39.38646, "relative_strength": -19.165788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.00036, "energy": 76.642911, "activity_lines": [ 35.716635, 36.648183, 37.664457, 38.211708 ] }, { "date": "2025-12-12", "close": 35.466724, "volume": 10360202, "typical_volume": 8743864.7, "trend": 38.74375, "fair_value": 39.394785, "relative_strength": -18.464984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.920509, "energy": 68.353537, "activity_lines": [ 35.607218, 36.277376, 37.405714, 37.987576 ] }, { "date": "2025-12-19", "close": 34.544123, "volume": 15373918, "typical_volume": 8817435.55, "trend": 38.590498, "fair_value": 39.395895, "relative_strength": -20.281293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.665658, "energy": 57.58513, "activity_lines": [ 35.256306, 35.812633, 37.079289, 37.716633 ] }, { "date": "2025-12-26", "close": 34.864605, "volume": 8295040, "typical_volume": 8874473.65, "trend": 38.40246, "fair_value": 39.398735, "relative_strength": -20.27965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.828376, "energy": 54.137336, "activity_lines": [ 35.080202, 35.472551, 36.801071, 37.476252 ] }, { "date": "2026-01-02", "close": 34.89374, "volume": 8669355, "typical_volume": 8888839.6, "trend": 38.199289, "fair_value": 39.406421, "relative_strength": -18.970786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.156203, "energy": 52.503697, "activity_lines": [ 34.937766, 35.248125, 36.5369, 37.249883 ] }, { "date": "2026-01-09", "close": 37.141133, "volume": 13539429, "typical_volume": 9267532.0, "trend": 38.079557, "fair_value": 39.415796, "relative_strength": -14.792024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.248613, "energy": 36.446007, "activity_lines": [ 35.628627, 35.540556, 36.500959, 37.181615 ] }, { "date": "2026-01-16", "close": 39.043532, "volume": 10617480, "typical_volume": 9378431.3, "trend": 38.043131, "fair_value": 39.432376, "relative_strength": -9.865114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.1691, "energy": 14.764742, "activity_lines": [ 36.849116, 36.16874, 36.65695, 37.243807 ] }, { "date": "2026-01-23", "close": 37.693125, "volume": 9904443, "typical_volume": 9552277.15, "trend": 37.961691, "fair_value": 39.428898, "relative_strength": -12.400344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.132986, "energy": 23.130215, "activity_lines": [ 37.381016, 36.504373, 36.685246, 37.221226 ] }, { "date": "2026-01-30", "close": 36.993278, "volume": 10314243, "typical_volume": 9628245.0, "trend": 37.809594, "fair_value": 39.411011, "relative_strength": -14.045984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.656068, "energy": 24.955623, "activity_lines": [ 37.469699, 36.674047, 36.65798, 37.158748 ] }, { "date": "2026-02-06", "close": 37.840979, "volume": 10332486, "typical_volume": 9611369.05, "trend": 37.718034, "fair_value": 39.403218, "relative_strength": -11.576748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.802464, "energy": 21.992583, "activity_lines": [ 37.699039, 36.965678, 36.723359, 37.160773 ] }, { "date": "2026-02-13", "close": 38.373257, "volume": 14233111, "typical_volume": 9972804.65, "trend": 37.684168, "fair_value": 39.400755, "relative_strength": -8.931641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.475525, "energy": 28.189979, "activity_lines": [ 37.909321, 37.323456, 36.842786, 37.203045 ] }, { "date": "2026-02-20", "close": 39.723664, "volume": 10235660, "typical_volume": 10101514.4, "trend": 37.684769, "fair_value": 39.404756, "relative_strength": -6.534018, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.253946, "energy": 48.104602, "activity_lines": [ 38.487598, 37.875859, 37.093059, 37.334626 ] }, { "date": "2026-02-27", "close": 40.551651, "volume": 13150074, "typical_volume": 10410543.4, "trend": 37.761231, "fair_value": 39.398002, "relative_strength": -3.907908, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.221109, "energy": 60.122153, "activity_lines": [ 39.296528, 38.501405, 37.421246, 37.519586 ] }, { "date": "2026-03-06", "close": 39.634951, "volume": 11358939, "typical_volume": 10575053.35, "trend": 37.841336, "fair_value": 39.401983, "relative_strength": -3.828783, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.407507, "energy": 56.805343, "activity_lines": [ 39.609323, 38.851052, 37.650911, 37.640471 ] }, { "date": "2026-03-13", "close": 38.097261, "volume": 9668852, "typical_volume": 10647097.4, "trend": 37.848769, "fair_value": 39.39205, "relative_strength": -5.780066, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.304739, "energy": 41.274943, "activity_lines": [ 39.233443, 38.834384, 37.740316, 37.656982 ] }, { "date": "2026-03-20", "close": 36.165291, "volume": 18954207, "typical_volume": 10977277.7, "trend": 37.740985, "fair_value": 39.37653, "relative_strength": -8.514172, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -3.477288, "energy": 8.887142, "activity_lines": [ 38.196488, 38.408204, 37.658818, 37.548371 ] }, { "date": "2026-03-27", "close": 35.445731, "volume": 9767786, "typical_volume": 10857948.1, "trend": 37.61465, "fair_value": 39.347681, "relative_strength": -7.829106, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.992471, "energy": 20.289877, "activity_lines": [ 37.066877, 37.868937, 37.510781, 37.40029 ] }, { "date": "2026-04-03", "close": 37.19, "volume": 11233775, "typical_volume": 11017969.4, "trend": 37.520248, "fair_value": 39.32126, "relative_strength": -5.954252, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.064165, "energy": 19.933245, "activity_lines": [ 36.803885, 37.712225, 37.533683, 37.372893 ] }, { "date": "2026-04-10", "close": 38.88, "volume": 9956043, "typical_volume": 11072795.8, "trend": 37.499758, "fair_value": 39.315257, "relative_strength": -4.783166, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.05987, "energy": 14.625658, "activity_lines": [ 37.328336, 37.871933, 37.709794, 37.460619 ] }, { "date": "2026-04-17", "close": 39.8, "volume": 9314810, "typical_volume": 11176356.35, "trend": 37.541577, "fair_value": 39.316536, "relative_strength": -6.261776, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.176418, "energy": 22.675794, "activity_lines": [ 38.209784, 38.164609, 37.956114, 37.609022 ] }, { "date": "2026-04-24", "close": 39.54, "volume": 10910068, "typical_volume": 11309496.05, "trend": 37.564821, "fair_value": 39.317977, "relative_strength": -6.954663, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.644212, "energy": 42.414256, "activity_lines": [ 38.891049, 38.374395, 38.16032, 37.737952 ] }, { "date": "2026-05-01", "close": 39.616778, "volume": 14074684, "typical_volume": 11495220.15, "trend": 37.567841, "fair_value": 39.316752, "relative_strength": -7.132132, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.315741, "energy": 51.02061, "activity_lines": [ 39.372926, 38.576926, 38.352951, 37.870337 ] }, { "date": "2026-05-08", "close": 39.932607, "volume": 11333587, "typical_volume": 11293203.6, "trend": 37.625739, "fair_value": 39.317164, "relative_strength": -7.998146, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.870119, "energy": 58.534138, "activity_lines": [ 39.68201, 38.838824, 38.555899, 38.022902 ] }, { "date": "2026-05-15", "close": 37.85998, "volume": 9858230, "typical_volume": 11371363.1, "trend": 37.52326, "fair_value": 39.311049, "relative_strength": -12.406193, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.291144, "energy": 37.335989, "activity_lines": [ 39.117377, 38.735137, 38.535795, 38.038014 ] }, { "date": "2026-05-22", "close": 39.547691, "volume": 8208852, "typical_volume": 11348337.95, "trend": 37.479951, "fair_value": 39.316306, "relative_strength": -8.835901, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.279257, "energy": 28.701301, "activity_lines": [ 39.183317, 38.970578, 38.662161, 38.168623 ] }, { "date": "2026-05-29", "close": 39.478603, "volume": 7956502, "typical_volume": 11069191.6, "trend": 37.576453, "fair_value": 39.318628, "relative_strength": -9.782542, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.604433, "energy": 26.498099, "activity_lines": [ 39.243047, 39.167086, 38.759785, 38.297568 ] }, { "date": "2026-06-05", "close": 39.784562, "volume": 11336732, "typical_volume": 11105154.2, "trend": 37.687361, "fair_value": 39.328229, "relative_strength": -6.274525, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.311289, "energy": 26.322812, "activity_lines": [ 39.408857, 39.358981, 38.875418, 38.440027 ] }, { "date": "2026-06-12", "close": 41.343967, "volume": 11249054, "typical_volume": 11172384.75, "trend": 37.880032, "fair_value": 39.345998, "relative_strength": -2.720872, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.955538, "energy": 48.379326, "activity_lines": [ 40.083284, 39.755517, 39.136036, 38.675937 ] }, { "date": "2026-06-19", "close": 40.090521, "volume": 7818860, "typical_volume": 11047615.6, "trend": 38.042252, "fair_value": 39.362658, "relative_strength": -6.079764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.517991, "energy": 46.802241, "activity_lines": [ 40.245804, 39.848626, 39.259894, 38.818549 ] }, { "date": "2026-06-26", "close": 40.732049, "volume": 10431971, "typical_volume": 11052589.85, "trend": 38.194778, "fair_value": 39.373624, "relative_strength": -1.919539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.311111, "energy": 52.378522, "activity_lines": [ 40.473464, 40.036368, 39.430101, 38.992084 ] }, { "date": "2026-07-03", "close": 40.98, "volume": 8686615, "typical_volume": 10775265.05, "trend": 38.374993, "fair_value": 39.388307, "relative_strength": -3.016259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.135709, "energy": 53.804255, "activity_lines": [ 40.704817, 40.252245, 39.610156, 39.171776 ] }, { "date": "2026-07-10", "close": 40.19, "volume": 7718954, "typical_volume": 10649429.75, "trend": 38.532436, "fair_value": 39.385885, "relative_strength": -5.765721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.472985, "energy": 33.93492, "activity_lines": [ 40.572744, 40.298304, 39.702559, 39.288873 ] }, { "date": "2026-07-17", "close": 41.89, "volume": 11462964, "typical_volume": 10565074.25, "trend": 38.777299, "fair_value": 39.400969, "relative_strength": 0.00278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.026444, "energy": 42.33421, "activity_lines": [ 40.980308, 40.643031, 39.954647, 39.50549 ] }, { "date": "2026-07-24", "close": 42.09, "volume": 10172960, "typical_volume": 10505775.3, "trend": 39.018145, "fair_value": 39.428313, "relative_strength": 1.282226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.074086, "energy": 47.930577, "activity_lines": [ 41.418137, 40.988534, 40.219409, 39.719213 ] }, { "date": "2026-07-31", "close": 41.46, "volume": 16244711, "typical_volume": 10834568.25, "trend": 39.23702, "fair_value": 39.466685, "relative_strength": -1.088376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.073078, "energy": 40.416514, "activity_lines": [ 41.512667, 41.142581, 40.41248, 39.876752 ] }, { "date": "2026-08-07", "close": 41.77, "volume": 9648781, "typical_volume": 10369296.95, "trend": 39.391316, "fair_value": 39.498866, "relative_strength": -3.56186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.399115, "energy": 48.336599, "activity_lines": [ 41.662, 41.318223, 40.619062, 40.04017 ] } ], "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." } } }