{ "ticker": { "uuid": "9ee23b09-a279-42e2-9021-c28f3aeebeb6", "symbol": "FMAO", "name": "Farmers & Merchants Bancorp Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late 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": 86.231, "architecture_energy": 84.211, "architecture_maturity": 48.0, "architecture_confidence": 80.323, "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": 4.03, "rotation_up": 80.94, "upward_expansion": 93.72, "deceleration": 42.92, "rotation_down": 10.02, "downward_expansion": 18.06 }, "activity_lines": [ 32.79, 31.526642, 29.932393, 28.938845 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 34.92, "trend_reference": 27.875081, "distance_from_trend": 0.252732, "trend_direction": "Improving", "fair_value": 23.814481, "distance_from_fair_value": 0.466335, "fair_value_direction": "Improving", "relative_strength": 15.22196, "relative_strength_direction": "Improving", "price_momentum": 0.245328, "excess_performance": 0.057875, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.252732, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.070832, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.466335, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.255258, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.15222, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.231659, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.245328, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.587512, "read": "Demand-led" } ], "volume": { "latest": 694140, "relative_activity": 1.674032, "balance": 3.587512, "dry_up": 1.111538, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.061632, "annualized_volatility": 0.261036, "from_high_reference": -0.028381, "from_low_reference": 0.561472 }, "levels": { "trend_reference": 27.875081, "fair_value_reference": 23.814481, "structural_low": 23.491229, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.018757, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": 0.008311, "regime_survival": 0.708333, "best_return": 0.147174, "worst_return": -0.2066, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.137687, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.113764, "regime_survival": 0.5, "best_return": 0.259042, "worst_return": -0.227354, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.023139, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.123994, "regime_survival": 0.4, "best_return": 0.523981, "worst_return": -0.222958, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.165672, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.176383, "regime_survival": 0.0, "best_return": 0.184197, "worst_return": 0.147147, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": -0.060036, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": -0.006625, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": -0.020206, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-06-20", "tenure": "Established", "return": -0.014475, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.113349, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.077192, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-12", "tenure": "Developing", "return": 0.076127, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": -0.03028, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-12-19", "tenure": "Developing", "return": 0.178235, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.021545, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.102494, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.15421, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-01", "tenure": "Developing", "return": 0.093563, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.25386, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.345011, "volume": 94469, "typical_volume": 96530.1, "trend": 20.701303, "fair_value": 22.834277, "relative_strength": -34.150307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.038727, "energy": 56.814493, "activity_lines": [ 18.690957, 19.400964, 19.600231, 19.917538 ] }, { "date": "2023-08-25", "close": 16.532387, "volume": 68643, "typical_volume": 97375.35, "trend": 20.436232, "fair_value": 22.824898, "relative_strength": -37.597357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.769109, "energy": 71.876805, "activity_lines": [ 17.742294, 18.809847, 19.304024, 19.648576 ] }, { "date": "2023-09-01", "close": 17.986081, "volume": 90951, "typical_volume": 97961.25, "trend": 20.177361, "fair_value": 22.824626, "relative_strength": -33.931497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.54394, "energy": 68.720802, "activity_lines": [ 17.614682, 18.550989, 19.165892, 19.490501 ] }, { "date": "2023-09-08", "close": 16.839378, "volume": 89319, "typical_volume": 99102.4, "trend": 19.935525, "fair_value": 22.825261, "relative_strength": -36.731538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.155594, "energy": 73.453923, "activity_lines": [ 17.264952, 18.127921, 18.928189, 19.275148 ] }, { "date": "2023-09-15", "close": 16.595591, "volume": 149649, "typical_volume": 103893.1, "trend": 19.691177, "fair_value": 22.817875, "relative_strength": -36.680538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.327499, "energy": 72.530855, "activity_lines": [ 16.980233, 17.720296, 18.683305, 19.059668 ] }, { "date": "2023-09-22", "close": 15.737821, "volume": 76588, "typical_volume": 103510.15, "trend": 19.468174, "fair_value": 22.811662, "relative_strength": -37.165672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.935226, "energy": 73.281142, "activity_lines": [ 16.53961, 17.216633, 18.374777, 18.804613 ] }, { "date": "2023-09-29", "close": 15.828112, "volume": 81528, "typical_volume": 103151.65, "trend": 19.246408, "fair_value": 22.805232, "relative_strength": -36.080384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.406228, "energy": 74.386215, "activity_lines": [ 16.23623, 16.811141, 18.088254, 18.56977 ] }, { "date": "2023-10-06", "close": 16.070828, "volume": 75806, "typical_volume": 100448.25, "trend": 19.111925, "fair_value": 22.800412, "relative_strength": -35.449703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.218835, "energy": 68.077194, "activity_lines": [ 16.060707, 16.554354, 17.826113, 18.364894 ] }, { "date": "2023-10-13", "close": 15.732783, "volume": 55188, "typical_volume": 99990.95, "trend": 18.948444, "fair_value": 22.793159, "relative_strength": -36.045329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.090212, "energy": 65.039616, "activity_lines": [ 15.900186, 16.314596, 17.543043, 18.146885 ] }, { "date": "2023-10-20", "close": 16.1896, "volume": 95616, "typical_volume": 101196.15, "trend": 18.736955, "fair_value": 22.780505, "relative_strength": -31.368247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.89626, "energy": 51.851689, "activity_lines": [ 15.965711, 16.217907, 17.316909, 17.968895 ] }, { "date": "2023-10-27", "close": 15.952055, "volume": 79518, "typical_volume": 99732.0, "trend": 18.54386, "fair_value": 22.775671, "relative_strength": -29.617433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.097363, "energy": 48.125959, "activity_lines": [ 15.979119, 16.12087, 17.087368, 17.789224 ] }, { "date": "2023-11-03", "close": 17.203734, "volume": 85670, "typical_volume": 98239.1, "trend": 18.428847, "fair_value": 22.77806, "relative_strength": -27.679211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.816038, "energy": 34.15168, "activity_lines": [ 16.395472, 16.276737, 17.005343, 17.702764 ] }, { "date": "2023-11-10", "close": 16.527645, "volume": 68385, "typical_volume": 85230.65, "trend": 18.312758, "fair_value": 22.76373, "relative_strength": -31.562391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.42884, "energy": 27.698045, "activity_lines": [ 16.494754, 16.297473, 16.873528, 17.580106 ] }, { "date": "2023-11-17", "close": 18.153914, "volume": 97224, "typical_volume": 85106.45, "trend": 18.24432, "fair_value": 22.760732, "relative_strength": -25.376794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.998429, "energy": 17.620964, "activity_lines": [ 17.105671, 16.640411, 16.915138, 17.569858 ] }, { "date": "2023-11-24", "close": 17.587461, "volume": 49654, "typical_volume": 83438.25, "trend": 18.15104, "fair_value": 22.750739, "relative_strength": -27.369109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.738563, "energy": 20.897176, "activity_lines": [ 17.366361, 16.856457, 16.912195, 17.52748 ] }, { "date": "2023-12-01", "close": 18.711231, "volume": 80683, "typical_volume": 84229.5, "trend": 18.156316, "fair_value": 22.749659, "relative_strength": -21.849308, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.281655, "energy": 20.18049, "activity_lines": [ 17.908451, 17.258791, 17.027247, 17.563621 ] }, { "date": "2023-12-08", "close": 20.081682, "volume": 63942, "typical_volume": 81918.3, "trend": 18.289236, "fair_value": 22.755495, "relative_strength": -15.568669, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.61991, "energy": 42.298782, "activity_lines": [ 18.723413, 17.856235, 17.280072, 17.687838 ] }, { "date": "2023-12-15", "close": 21.881542, "volume": 235044, "typical_volume": 89919.55, "trend": 18.404064, "fair_value": 22.767477, "relative_strength": -10.031641, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.646417, "energy": 70.250984, "activity_lines": [ 19.946464, 18.70359, 17.711445, 17.9196 ] }, { "date": "2023-12-22", "close": 23.781901, "volume": 116900, "typical_volume": 92262.95, "trend": 18.578363, "fair_value": 22.797299, "relative_strength": -2.07558, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 65.44858, "energy": 82.444537, "activity_lines": [ 21.446043, 19.790814, 18.316691, 18.266557 ] }, { "date": "2023-12-29", "close": 22.845388, "volume": 96095, "typical_volume": 92543.6, "trend": 18.665712, "fair_value": 22.820055, "relative_strength": -5.160031, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.144233, "energy": 78.166284, "activity_lines": [ 22.258251, 20.561416, 18.810135, 18.541849 ] }, { "date": "2024-01-05", "close": 20.984595, "volume": 117730, "typical_volume": 93706.65, "trend": 18.635301, "fair_value": 22.821095, "relative_strength": -8.944929, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.592399, "energy": 79.799083, "activity_lines": [ 22.099666, 20.872678, 19.105886, 18.691455 ] }, { "date": "2024-01-12", "close": 20.956959, "volume": 92249, "typical_volume": 94886.95, "trend": 18.658212, "fair_value": 22.824701, "relative_strength": -10.840718, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.506855, "energy": 57.29565, "activity_lines": [ 21.780312, 21.087415, 19.381674, 18.841239 ] }, { "date": "2024-01-19", "close": 20.855629, "volume": 69715, "typical_volume": 93825.15, "trend": 18.672678, "fair_value": 22.826905, "relative_strength": -12.571942, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.700236, "energy": 42.572214, "activity_lines": [ 21.36883, 21.215487, 19.626742, 18.983008 ] }, { "date": "2024-01-26", "close": 21.887356, "volume": 67929, "typical_volume": 92755.65, "trend": 18.731371, "fair_value": 22.844057, "relative_strength": -7.828206, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.965073, "energy": 34.377591, "activity_lines": [ 21.36965, 21.452455, 19.956405, 19.190406 ] }, { "date": "2024-02-02", "close": 20.127893, "volume": 65817, "typical_volume": 88564.05, "trend": 18.73926, "fair_value": 22.843101, "relative_strength": -15.165253, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.262971, "energy": 26.391544, "activity_lines": [ 20.910286, 21.30164, 20.094462, 19.280505 ] }, { "date": "2024-02-09", "close": 19.722571, "volume": 122409, "typical_volume": 90855.1, "trend": 18.722201, "fair_value": 22.844656, "relative_strength": -17.373536, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.046007, "energy": 19.958512, "activity_lines": [ 20.496981, 21.030941, 20.177097, 19.343944 ] }, { "date": "2024-02-16", "close": 20.450307, "volume": 117887, "typical_volume": 92673.05, "trend": 18.684555, "fair_value": 22.853135, "relative_strength": -12.028663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.244938, "energy": 18.528856, "activity_lines": [ 20.410389, 20.874169, 20.310065, 19.455435 ] }, { "date": "2024-02-23", "close": 19.06853, "volume": 52822, "typical_volume": 91523.85, "trend": 18.640578, "fair_value": 22.851411, "relative_strength": -18.155888, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.758061, "energy": 18.047678, "activity_lines": [ 19.896982, 20.459463, 20.289425, 19.480207 ] }, { "date": "2024-03-01", "close": 18.635573, "volume": 90669, "typical_volume": 93297.9, "trend": 18.627315, "fair_value": 22.839652, "relative_strength": -20.634488, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.186433, "energy": 13.231145, "activity_lines": [ 19.358396, 20.017183, 20.213276, 19.479884 ] }, { "date": "2024-03-08", "close": 19.492275, "volume": 48472, "typical_volume": 90940.7, "trend": 18.658861, "fair_value": 22.816284, "relative_strength": -14.940234, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.076733, "energy": 14.616687, "activity_lines": [ 19.322163, 19.824237, 20.204894, 19.535688 ] }, { "date": "2024-03-15", "close": 18.064438, "volume": 115771, "typical_volume": 92753.35, "trend": 18.682842, "fair_value": 22.78984, "relative_strength": -19.460578, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.911204, "energy": 18.515862, "activity_lines": [ 18.852358, 19.432649, 20.044801, 19.497338 ] }, { "date": "2024-03-22", "close": 18.967199, "volume": 84810, "typical_volume": 92710.35, "trend": 18.764002, "fair_value": 22.772947, "relative_strength": -16.963523, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.100704, "energy": 22.35551, "activity_lines": [ 18.794017, 19.258294, 19.960627, 19.515684 ] }, { "date": "2024-03-29", "close": 20.733983, "volume": 164554, "typical_volume": 97518.8, "trend": 18.855599, "fair_value": 22.769692, "relative_strength": -8.000502, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.221997, "energy": 11.691852, "activity_lines": [ 19.423477, 19.441349, 20.03632, 19.64278 ] }, { "date": "2024-04-05", "close": 19.747979, "volume": 98798, "typical_volume": 97597.5, "trend": 18.952553, "fair_value": 22.759414, "relative_strength": -10.978584, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.266991, "energy": 11.018382, "activity_lines": [ 19.613238, 19.447343, 19.998078, 19.700352 ] }, { "date": "2024-04-12", "close": 18.668957, "volume": 87089, "typical_volume": 99469.25, "trend": 19.021665, "fair_value": 22.748607, "relative_strength": -14.748517, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.352526, "energy": 9.137085, "activity_lines": [ 19.369166, 19.296049, 19.849481, 19.682056 ] }, { "date": "2024-04-19", "close": 19.534035, "volume": 70943, "typical_volume": 98982.25, "trend": 19.148205, "fair_value": 22.745836, "relative_strength": -5.090833, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.819551, "energy": 13.567529, "activity_lines": [ 19.46834, 19.328568, 19.778123, 19.715112 ] }, { "date": "2024-04-26", "close": 20.203774, "volume": 98833, "typical_volume": 100726.8, "trend": 19.294061, "fair_value": 22.748116, "relative_strength": -4.943947, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.278558, "energy": 10.283957, "activity_lines": [ 19.692788, 19.486286, 19.766631, 19.783213 ] }, { "date": "2024-05-03", "close": 20.268887, "volume": 69907, "typical_volume": 92469.95, "trend": 19.433996, "fair_value": 22.758393, "relative_strength": -5.20097, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.2783, "energy": 11.619309, "activity_lines": [ 19.856502, 19.660324, 19.760759, 19.846105 ] }, { "date": "2024-05-10", "close": 20.892116, "volume": 51224, "typical_volume": 89186.15, "trend": 19.605974, "fair_value": 22.774344, "relative_strength": -3.64298, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.66048, "energy": 24.677996, "activity_lines": [ 20.258965, 19.925853, 19.821921, 19.940178 ] }, { "date": "2024-05-17", "close": 21.264193, "volume": 62867, "typical_volume": 87524.75, "trend": 19.775127, "fair_value": 22.791326, "relative_strength": -3.727574, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.289305, "energy": 41.686657, "activity_lines": [ 20.709178, 20.218003, 19.93228, 20.04716 ] }, { "date": "2024-05-24", "close": 20.687474, "volume": 68728, "typical_volume": 85074.65, "trend": 19.932974, "fair_value": 22.804828, "relative_strength": -7.297156, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.607837, "energy": 44.0075, "activity_lines": [ 20.794136, 20.373079, 19.995243, 20.106021 ] }, { "date": "2024-05-31", "close": 20.520039, "volume": 41191, "typical_volume": 82521.75, "trend": 20.043518, "fair_value": 22.81704, "relative_strength": -6.130287, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.088768, "energy": 42.694238, "activity_lines": [ 20.746386, 20.450021, 20.043675, 20.143896 ] }, { "date": "2024-06-07", "close": 18.659655, "volume": 72106, "typical_volume": 82641.3, "trend": 20.114585, "fair_value": 22.815919, "relative_strength": -16.172234, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -21.250972, "energy": 9.929867, "activity_lines": [ 20.057424, 20.160478, 19.917008, 20.054614 ] }, { "date": "2024-06-14", "close": 20.222377, "volume": 503811, "typical_volume": 104435.4, "trend": 20.183533, "fair_value": 22.827577, "relative_strength": -11.760888, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.45973, "energy": 6.422076, "activity_lines": [ 19.996651, 20.192781, 19.949628, 20.061569 ] }, { "date": "2024-06-21", "close": 20.706077, "volume": 180788, "typical_volume": 110183.95, "trend": 20.287487, "fair_value": 22.841631, "relative_strength": -9.344258, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.690783, "energy": 4.530133, "activity_lines": [ 20.141761, 20.304404, 20.036244, 20.095281 ] }, { "date": "2024-06-28", "close": 21.599062, "volume": 201236, "typical_volume": 114125.3, "trend": 20.383748, "fair_value": 22.86141, "relative_strength": -5.000546, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.779732, "energy": 13.041438, "activity_lines": [ 20.62174, 20.541349, 20.205152, 20.179899 ] }, { "date": "2024-07-05", "close": 19.980528, "volume": 150789, "typical_volume": 115770.4, "trend": 20.380376, "fair_value": 22.871904, "relative_strength": -14.640604, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.180585, "energy": 12.985221, "activity_lines": [ 20.501435, 20.446469, 20.210979, 20.153885 ] }, { "date": "2024-07-12", "close": 22.038729, "volume": 234463, "typical_volume": 124852.45, "trend": 20.385616, "fair_value": 22.894283, "relative_strength": -5.237035, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.961484, "energy": 36.487182, "activity_lines": [ 21.103165, 20.729867, 20.415062, 20.260875 ] }, { "date": "2024-07-19", "close": 23.37327, "volume": 245413, "typical_volume": 132589.65, "trend": 20.371995, "fair_value": 22.924725, "relative_strength": 5.01421, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.648339, "energy": 61.959164, "activity_lines": [ 21.92447, 21.22373, 20.7321, 20.453627 ] }, { "date": "2024-07-26", "close": 26.399483, "volume": 386534, "typical_volume": 149492.75, "trend": 20.490465, "fair_value": 22.97413, "relative_strength": 21.580032, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.264763, "energy": 78.82237, "activity_lines": [ 23.544453, 22.222701, 21.314789, 20.842497 ] }, { "date": "2024-08-02", "close": 23.58003, "volume": 188624, "typical_volume": 153135.4, "trend": 20.576979, "fair_value": 23.003224, "relative_strength": 11.989061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.305719, "energy": 70.592355, "activity_lines": [ 23.845059, 22.615676, 21.596067, 21.041824 ] }, { "date": "2024-08-09", "close": 22.527434, "volume": 191933, "typical_volume": 158491.55, "trend": 20.629328, "fair_value": 23.024425, "relative_strength": 6.638142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.978741, "energy": 62.451834, "activity_lines": [ 23.662734, 22.764678, 21.750833, 21.16766 ] }, { "date": "2024-08-16", "close": 24.012346, "volume": 181157, "typical_volume": 159321.7, "trend": 20.734552, "fair_value": 23.05449, "relative_strength": 7.697366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.634471, "energy": 52.833487, "activity_lines": [ 23.805586, 23.147165, 22.030065, 21.385919 ] }, { "date": "2024-08-23", "close": 25.563046, "volume": 122874, "typical_volume": 160525.5, "trend": 20.857075, "fair_value": 23.095859, "relative_strength": 13.116414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.646725, "energy": 43.534796, "activity_lines": [ 24.333764, 23.714276, 22.441372, 21.697435 ] }, { "date": "2024-08-30", "close": 25.835593, "volume": 111626, "typical_volume": 161752.35, "trend": 21.047332, "fair_value": 23.133519, "relative_strength": 14.922832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.546868, "energy": 44.405913, "activity_lines": [ 24.806806, 24.233839, 22.850945, 22.01863 ] }, { "date": "2024-09-06", "close": 24.313088, "volume": 86257, "typical_volume": 162518.05, "trend": 21.200349, "fair_value": 23.163875, "relative_strength": 14.393678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.356505, "energy": 40.973757, "activity_lines": [ 24.809938, 24.383318, 23.081391, 22.229323 ] }, { "date": "2024-09-13", "close": 26.00476, "volume": 88648, "typical_volume": 162008.8, "trend": 21.385498, "fair_value": 23.206166, "relative_strength": 15.042876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.893336, "energy": 54.368357, "activity_lines": [ 25.328091, 24.791028, 23.450191, 22.539285 ] }, { "date": "2024-09-20", "close": 25.873185, "volume": 221794, "typical_volume": 169603.15, "trend": 21.61232, "fair_value": 23.248104, "relative_strength": 12.348346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.007159, "energy": 49.988984, "activity_lines": [ 25.570564, 25.065284, 23.778836, 22.828814 ] }, { "date": "2024-09-27", "close": 26.023556, "volume": 104737, "typical_volume": 172278.8, "trend": 21.858586, "fair_value": 23.291283, "relative_strength": 11.441297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.161629, "energy": 46.269591, "activity_lines": [ 25.739105, 25.297163, 24.095116, 23.11341 ] }, { "date": "2024-10-04", "close": 24.718384, "volume": 82369, "typical_volume": 173253.9, "trend": 22.032789, "fair_value": 23.323015, "relative_strength": 5.459646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.976488, "energy": 38.066608, "activity_lines": [ 25.441887, 25.24355, 24.262657, 23.297913 ] }, { "date": "2024-10-11", "close": 25.988424, "volume": 67746, "typical_volume": 173204.8, "trend": 22.296922, "fair_value": 23.358653, "relative_strength": 9.114552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.992821, "energy": 38.00221, "activity_lines": [ 25.642497, 25.45142, 24.534707, 23.553115 ] }, { "date": "2024-10-18", "close": 26.661355, "volume": 91814, "typical_volume": 175735.95, "trend": 22.553394, "fair_value": 23.394865, "relative_strength": 11.336013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.700983, "energy": 40.933817, "activity_lines": [ 25.955728, 25.737851, 24.845602, 23.834691 ] }, { "date": "2024-10-25", "close": 25.059589, "volume": 128159, "typical_volume": 178538.6, "trend": 22.697581, "fair_value": 23.415914, "relative_strength": 4.298584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.578374, "energy": 33.159325, "activity_lines": [ 25.691264, 25.65789, 24.974704, 23.996381 ] }, { "date": "2024-11-01", "close": 26.111637, "volume": 87120, "typical_volume": 157704.05, "trend": 22.909703, "fair_value": 23.439473, "relative_strength": 10.154119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.995391, "energy": 38.77361, "activity_lines": [ 25.831723, 25.75017, 25.173525, 24.216643 ] }, { "date": "2024-11-08", "close": 30.414607, "volume": 219985, "typical_volume": 159663.9, "trend": 23.301224, "fair_value": 23.488249, "relative_strength": 20.915184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.006896, "energy": 73.861091, "activity_lines": [ 27.400632, 26.614834, 25.754109, 24.70083 ] }, { "date": "2024-11-15", "close": 30.585209, "volume": 152598, "typical_volume": 157232.0, "trend": 23.669597, "fair_value": 23.541089, "relative_strength": 25.19472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.699475, "energy": 83.921681, "activity_lines": [ 28.646661, 27.427261, 26.304709, 25.170765 ] }, { "date": "2024-11-22", "close": 31.267619, "volume": 96984, "typical_volume": 154541.75, "trend": 24.038392, "fair_value": 23.587523, "relative_strength": 24.85663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.346811, "energy": 91.072251, "activity_lines": [ 29.813708, 28.249724, 26.87751, 25.66096 ] }, { "date": "2024-11-29", "close": 31.769948, "volume": 101280, "typical_volume": 147882.6, "trend": 24.42176, "fair_value": 23.629368, "relative_strength": 25.198063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.867562, "energy": 91.583763, "activity_lines": [ 30.841113, 29.067832, 27.444403, 26.15977 ] }, { "date": "2024-12-06", "close": 30.89798, "volume": 83972, "typical_volume": 139810.55, "trend": 24.755289, "fair_value": 23.659298, "relative_strength": 17.566441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.565246, "energy": 86.714116, "activity_lines": [ 31.130505, 29.620186, 27.881913, 26.57759 ] }, { "date": "2024-12-13", "close": 30.300872, "volume": 100428, "typical_volume": 125505.25, "trend": 25.056512, "fair_value": 23.68386, "relative_strength": 14.292717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.325331, "energy": 76.188513, "activity_lines": [ 30.901771, 29.975349, 28.226723, 26.93537 ] }, { "date": "2024-12-20", "close": 28.357901, "volume": 173034, "typical_volume": 124725.75, "trend": 25.312193, "fair_value": 23.691073, "relative_strength": 9.573942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.562641, "energy": 48.232809, "activity_lines": [ 30.032963, 29.875745, 28.367911, 27.148363 ] }, { "date": "2024-12-27", "close": 27.278604, "volume": 50559, "typical_volume": 117657.05, "trend": 25.537478, "fair_value": 23.684303, "relative_strength": 4.607757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.625443, "energy": 26.05017, "activity_lines": [ 28.952877, 29.536823, 28.383556, 27.275228 ] }, { "date": "2025-01-03", "close": 26.887, "volume": 82153, "typical_volume": 112706.85, "trend": 25.811723, "fair_value": 23.674912, "relative_strength": 3.951734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.256741, "energy": 24.19341, "activity_lines": [ 28.00819, 29.115479, 28.339281, 27.362294 ] }, { "date": "2025-01-10", "close": 24.040703, "volume": 92994, "typical_volume": 111212.85, "trend": 25.939001, "fair_value": 23.649766, "relative_strength": -4.815947, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.890321, "energy": 26.872302, "activity_lines": [ 26.440267, 28.1434, 28.010242, 27.248035 ] }, { "date": "2025-01-17", "close": 25.502056, "volume": 109043, "typical_volume": 111083.7, "trend": 26.098867, "fair_value": 23.632327, "relative_strength": -1.810492, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.465446, "energy": 33.847005, "activity_lines": [ 25.816613, 27.474674, 27.827628, 27.219845 ] }, { "date": "2025-01-24", "close": 25.272824, "volume": 127115, "typical_volume": 113126.6, "trend": 26.221325, "fair_value": 23.618675, "relative_strength": -3.985703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.699511, "energy": 34.059417, "activity_lines": [ 25.43647, 26.85359, 27.624771, 27.166552 ] }, { "date": "2025-01-31", "close": 25.950969, "volume": 98163, "typical_volume": 113602.35, "trend": 26.42034, "fair_value": 23.611251, "relative_strength": -0.12011, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.658803, "energy": 30.961304, "activity_lines": [ 25.488048, 26.452393, 27.481929, 27.149109 ] }, { "date": "2025-02-07", "close": 25.779045, "volume": 85899, "typical_volume": 106807.6, "trend": 26.545017, "fair_value": 23.599959, "relative_strength": -1.050684, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.278152, "energy": 26.647792, "activity_lines": [ 25.570826, 26.116604, 27.322969, 27.107735 ] }, { "date": "2025-02-14", "close": 25.053144, "volume": 71019, "typical_volume": 105121.7, "trend": 26.601013, "fair_value": 23.57505, "relative_strength": -6.514292, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.569174, "energy": 25.019833, "activity_lines": [ 25.485501, 25.757758, 27.095324, 27.011485 ] }, { "date": "2025-02-21", "close": 24.059805, "volume": 55229, "typical_volume": 103764.7, "trend": 26.523024, "fair_value": 23.541949, "relative_strength": -8.225547, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.399509, "energy": 32.311744, "activity_lines": [ 25.001567, 25.324575, 26.777697, 26.847537 ] }, { "date": "2025-02-28", "close": 24.546923, "volume": 79391, "typical_volume": 104346.95, "trend": 26.555254, "fair_value": 23.510918, "relative_strength": -3.300191, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.538138, "energy": 36.873023, "activity_lines": [ 24.776155, 25.093433, 26.509598, 26.720046 ] }, { "date": "2025-03-07", "close": 23.410315, "volume": 69537, "typical_volume": 103233.1, "trend": 26.584683, "fair_value": 23.472547, "relative_strength": -4.813809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.760735, "energy": 56.553172, "activity_lines": [ 24.220268, 24.724925, 26.140114, 26.517147 ] }, { "date": "2025-03-14", "close": 22.5889, "volume": 59562, "typical_volume": 99803.25, "trend": 26.537235, "fair_value": 23.424207, "relative_strength": -6.019501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.421991, "energy": 67.919694, "activity_lines": [ 23.559952, 24.277402, 25.707882, 26.259354 ] }, { "date": "2025-03-21", "close": 23.16198, "volume": 108055, "typical_volume": 100850.0, "trend": 26.457199, "fair_value": 23.371685, "relative_strength": -4.073541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.552269, "energy": 66.522865, "activity_lines": [ 23.30334, 24.012222, 25.341994, 26.041596 ] }, { "date": "2025-03-28", "close": 23.066467, "volume": 58202, "typical_volume": 92760.85, "trend": 26.364895, "fair_value": 23.318607, "relative_strength": -2.270066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.692965, "energy": 64.206767, "activity_lines": [ 23.140967, 23.745653, 24.981056, 25.822839 ] }, { "date": "2025-04-04", "close": 21.70182, "volume": 113770, "typical_volume": 90819.45, "trend": 26.277853, "fair_value": 23.26034, "relative_strength": 1.771132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.80538, "energy": 67.297342, "activity_lines": [ 22.589935, 23.27525, 24.525142, 25.521996 ] }, { "date": "2025-04-11", "close": 20.881974, "volume": 126392, "typical_volume": 92289.85, "trend": 26.107093, "fair_value": 23.201545, "relative_strength": -9.019077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.824026, "energy": 70.54171, "activity_lines": [ 21.955294, 22.720711, 24.03345, 25.173874 ] }, { "date": "2025-04-18", "close": 21.933306, "volume": 72308, "typical_volume": 90841.25, "trend": 25.975764, "fair_value": 23.130747, "relative_strength": -2.29627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.536642, "energy": 61.259921, "activity_lines": [ 21.839653, 22.449488, 23.69134, 24.904598 ] }, { "date": "2025-04-25", "close": 22.434859, "volume": 93754, "typical_volume": 91330.35, "trend": 25.856141, "fair_value": 23.061829, "relative_strength": -6.092049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.871575, "energy": 58.58939, "activity_lines": [ 21.934903, 22.339378, 23.443838, 24.676152 ] }, { "date": "2025-05-02", "close": 24.74972, "volume": 149284, "typical_volume": 93773.15, "trend": 25.857185, "fair_value": 23.006804, "relative_strength": 0.00471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.348338, "energy": 31.297454, "activity_lines": [ 22.850248, 22.697757, 23.4571, 24.60477 ] }, { "date": "2025-05-09", "close": 24.151715, "volume": 55893, "typical_volume": 87916.1, "trend": 25.795962, "fair_value": 22.945555, "relative_strength": -2.311841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.191118, "energy": 20.858408, "activity_lines": [ 23.454041, 22.934864, 23.439842, 24.49474 ] }, { "date": "2025-05-16", "close": 24.711139, "volume": 70843, "typical_volume": 88930.3, "trend": 25.730954, "fair_value": 22.894232, "relative_strength": -6.478264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.391921, "energy": 21.269643, "activity_lines": [ 24.080983, 23.28087, 23.495893, 24.424752 ] }, { "date": "2025-05-23", "close": 22.743508, "volume": 65227, "typical_volume": 88084.0, "trend": 25.653752, "fair_value": 22.817837, "relative_strength": -11.824666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.11651, "energy": 22.765045, "activity_lines": [ 23.796769, 23.245474, 23.376776, 24.232013 ] }, { "date": "2025-05-30", "close": 22.965348, "volume": 31254, "typical_volume": 84997.0, "trend": 25.548875, "fair_value": 22.734245, "relative_strength": -12.605531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.967815, "energy": 16.685384, "activity_lines": [ 23.532489, 23.247601, 23.298518, 24.058568 ] }, { "date": "2025-06-06", "close": 22.338407, "volume": 75679, "typical_volume": 83328.8, "trend": 25.279669, "fair_value": 22.67472, "relative_strength": -16.776189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.030595, "energy": 26.60038, "activity_lines": [ 23.023863, 23.139314, 23.165672, 23.851441 ] }, { "date": "2025-06-13", "close": 22.974994, "volume": 99122, "typical_volume": 81929.15, "trend": 25.025995, "fair_value": 22.624225, "relative_strength": -13.961013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.466971, "energy": 25.81441, "activity_lines": [ 22.888186, 23.160007, 23.108518, 23.702752 ] }, { "date": "2025-06-20", "close": 23.071446, "volume": 80076, "typical_volume": 81024.8, "trend": 24.752789, "fair_value": 22.58575, "relative_strength": -13.591917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.11052, "energy": 23.431477, "activity_lines": [ 22.863109, 23.175089, 23.071493, 23.576652 ] }, { "date": "2025-06-27", "close": 24.421782, "volume": 90111, "typical_volume": 81235.4, "trend": 24.50785, "fair_value": 22.556876, "relative_strength": -12.154292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.223969, "energy": 7.992176, "activity_lines": [ 23.397456, 23.395878, 23.176782, 23.555297 ] }, { "date": "2025-07-04", "close": 27.189969, "volume": 75367, "typical_volume": 81452.8, "trend": 24.38425, "fair_value": 22.548639, "relative_strength": -3.932127, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.381145, "energy": 34.628776, "activity_lines": [ 24.742647, 24.074728, 23.552172, 23.728337 ] }, { "date": "2025-07-11", "close": 25.075364, "volume": 222404, "typical_volume": 89811.55, "trend": 24.210066, "fair_value": 22.536807, "relative_strength": -11.095957, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.43055, "energy": 35.478844, "activity_lines": [ 25.101329, 24.282648, 23.715995, 23.772925 ] }, { "date": "2025-07-18", "close": 25.23099, "volume": 159580, "typical_volume": 93821.0, "trend": 24.105836, "fair_value": 22.526923, "relative_strength": -11.518911, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.673723, "energy": 45.76974, "activity_lines": [ 25.329422, 24.512943, 23.889804, 23.838791 ] }, { "date": "2025-07-25", "close": 25.065637, "volume": 89618, "typical_volume": 94825.05, "trend": 24.03207, "fair_value": 22.516092, "relative_strength": -12.458327, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.101166, "energy": 47.173418, "activity_lines": [ 25.351997, 24.693551, 24.044608, 23.900713 ] }, { "date": "2025-08-01", "close": 23.139756, "volume": 94157, "typical_volume": 96554.8, "trend": 23.907162, "fair_value": 22.498399, "relative_strength": -17.012879, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 9.050894, "energy": 9.698179, "activity_lines": [ 24.599666, 24.517553, 24.008111, 23.843145 ] }, { "date": "2025-08-08", "close": 23.509369, "volume": 100379, "typical_volume": 96171.0, "trend": 23.889451, "fair_value": 22.473507, "relative_strength": -18.428373, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.230927, "energy": 5.810816, "activity_lines": [ 24.056008, 24.401553, 24.004193, 23.817481 ] }, { "date": "2025-08-15", "close": 23.840076, "volume": 173127, "typical_volume": 101917.25, "trend": 23.834052, "fair_value": 22.44721, "relative_strength": -17.378521, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.716243, "energy": 8.871725, "activity_lines": [ 23.867959, 24.33579, 24.030117, 23.814295 ] }, { "date": "2025-08-22", "close": 26.018851, "volume": 92938, "typical_volume": 100875.65, "trend": 23.858919, "fair_value": 22.446742, "relative_strength": -8.69776, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.141455, "energy": 20.364445, "activity_lines": [ 24.488521, 24.638865, 24.259859, 23.95525 ] }, { "date": "2025-08-29", "close": 25.736777, "volume": 70357, "typical_volume": 98073.9, "trend": 23.85178, "fair_value": 22.455657, "relative_strength": -9.108252, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.048349, "energy": 28.50038, "activity_lines": [ 24.962534, 24.835311, 24.44218, 24.076402 ] }, { "date": "2025-09-05", "close": 25.46443, "volume": 52806, "typical_volume": 97098.8, "trend": 23.841292, "fair_value": 22.46333, "relative_strength": -10.597469, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.330123, "energy": 40.224617, "activity_lines": [ 25.301022, 24.933779, 24.575444, 24.180444 ] }, { "date": "2025-09-12", "close": 25.299077, "volume": 83117, "typical_volume": 96566.95, "trend": 23.84949, "fair_value": 22.470782, "relative_strength": -12.3777, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.155693, "energy": 45.731651, "activity_lines": [ 25.429414, 24.983225, 24.676146, 24.274495 ] }, { "date": "2025-09-19", "close": 25.37689, "volume": 159762, "typical_volume": 97090.85, "trend": 23.893393, "fair_value": 22.482986, "relative_strength": -13.577797, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.720504, "energy": 38.311007, "activity_lines": [ 25.46443, 25.081199, 24.77062, 24.373037 ] }, { "date": "2025-09-26", "close": 25.571424, "volume": 97638, "typical_volume": 99178.1, "trend": 23.927543, "fair_value": 22.495365, "relative_strength": -12.148786, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.147257, "energy": 31.184477, "activity_lines": [ 25.461837, 25.209061, 24.880634, 24.481297 ] }, { "date": "2025-10-03", "close": 24.608483, "volume": 136400, "typical_volume": 102455.95, "trend": 23.967482, "fair_value": 22.501797, "relative_strength": -16.130874, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.428321, "energy": 21.654129, "activity_lines": [ 25.168091, 25.155653, 24.892179, 24.525228 ] }, { "date": "2025-10-10", "close": 22.923337, "volume": 100098, "typical_volume": 104199.5, "trend": 23.97863, "fair_value": 22.497766, "relative_strength": -19.613921, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.723244, "energy": 9.220578, "activity_lines": [ 24.38785, 24.804166, 24.743722, 24.457864 ] }, { "date": "2025-10-17", "close": 23.257267, "volume": 91205, "typical_volume": 107197.05, "trend": 23.981806, "fair_value": 22.491814, "relative_strength": -19.891722, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.943931, "energy": 17.322291, "activity_lines": [ 23.888325, 24.517329, 24.626212, 24.411325 ] }, { "date": "2025-10-24", "close": 24.131379, "volume": 86880, "typical_volume": 107757.1, "trend": 24.017303, "fair_value": 22.481201, "relative_strength": -18.270378, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.929246, "energy": 17.299107, "activity_lines": [ 23.816291, 24.394005, 24.590561, 24.420974 ] }, { "date": "2025-10-31", "close": 23.47334, "volume": 141127, "typical_volume": 109857.35, "trend": 24.076354, "fair_value": 22.470149, "relative_strength": -21.48985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.704506, "energy": 28.804503, "activity_lines": [ 23.607945, 24.145741, 24.483702, 24.38588 ] }, { "date": "2025-11-07", "close": 24.033164, "volume": 75356, "typical_volume": 109621.35, "trend": 24.181393, "fair_value": 22.461219, "relative_strength": -16.390645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.790794, "energy": 23.058769, "activity_lines": [ 23.726079, 24.045545, 24.427786, 24.383094 ] }, { "date": "2025-11-14", "close": 24.288523, "volume": 81925, "typical_volume": 109212.05, "trend": 24.259901, "fair_value": 22.455731, "relative_strength": -14.612818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.616659, "energy": 8.637012, "activity_lines": [ 23.967688, 24.022753, 24.39161, 24.390005 ] }, { "date": "2025-11-21", "close": 24.53406, "volume": 82371, "typical_volume": 109562.25, "trend": 24.329874, "fair_value": 22.44973, "relative_strength": -10.243081, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.673236, "energy": 3.542996, "activity_lines": [ 24.20013, 24.065984, 24.379453, 24.407693 ] }, { "date": "2025-11-28", "close": 24.062629, "volume": 76170, "typical_volume": 102250.55, "trend": 24.306971, "fair_value": 22.440312, "relative_strength": -15.278915, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.89659, "energy": 3.932375, "activity_lines": [ 24.190308, 24.03741, 24.335046, 24.390451 ] }, { "date": "2025-12-05", "close": 24.357273, "volume": 93054, "typical_volume": 98924.25, "trend": 24.313823, "fair_value": 22.434305, "relative_strength": -14.375561, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.723669, "energy": 3.881946, "activity_lines": [ 24.283285, 24.086303, 24.323522, 24.393697 ] }, { "date": "2025-12-12", "close": 27.068002, "volume": 131256, "typical_volume": 101006.15, "trend": 24.392385, "fair_value": 22.454868, "relative_strength": -2.458433, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.094174, "energy": 37.202238, "activity_lines": [ 25.220909, 24.650132, 24.574323, 24.571386 ] }, { "date": "2025-12-19", "close": 27.009073, "volume": 190596, "typical_volume": 105828.1, "trend": 24.534571, "fair_value": 22.471049, "relative_strength": -2.748829, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.023225, "energy": 54.662371, "activity_lines": [ 25.936567, 25.158527, 24.809977, 24.740204 ] }, { "date": "2025-12-26", "close": 25.624244, "volume": 53878, "typical_volume": 103503.05, "trend": 24.6232, "fair_value": 22.480855, "relative_strength": -8.418385, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.397355, "energy": 51.47065, "activity_lines": [ 26.009246, 25.34085, 24.895318, 24.810506 ] }, { "date": "2026-01-02", "close": 24.11568, "volume": 91777, "typical_volume": 99435.55, "trend": 24.682443, "fair_value": 22.479627, "relative_strength": -11.812947, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.758649, "energy": 36.531721, "activity_lines": [ 25.506391, 25.205852, 24.826914, 24.777762 ] }, { "date": "2026-01-09", "close": 24.958192, "volume": 157733, "typical_volume": 102675.3, "trend": 24.748549, "fair_value": 22.483346, "relative_strength": -10.400886, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.196236, "energy": 21.462703, "activity_lines": [ 25.280837, 25.224323, 24.837438, 24.795553 ] }, { "date": "2026-01-16", "close": 25.072179, "volume": 92030, "typical_volume": 103758.95, "trend": 24.815241, "fair_value": 22.484442, "relative_strength": -8.865113, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.857921, "energy": 14.927835, "activity_lines": [ 25.053218, 25.236522, 24.863868, 24.816432 ] }, { "date": "2026-01-23", "close": 25.433964, "volume": 113851, "typical_volume": 106811.2, "trend": 24.84898, "fair_value": 22.490528, "relative_strength": -7.480991, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.947328, "energy": 15.982198, "activity_lines": [ 25.079248, 25.295609, 24.927919, 24.85635 ] }, { "date": "2026-01-30", "close": 26.593658, "volume": 140242, "typical_volume": 109667.45, "trend": 24.829103, "fair_value": 22.495922, "relative_strength": -2.826648, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.738604, "energy": 25.171979, "activity_lines": [ 25.59685, 25.544724, 25.102561, 24.968909 ] }, { "date": "2026-02-06", "close": 28.040797, "volume": 202876, "typical_volume": 111823.15, "trend": 24.927951, "fair_value": 22.521219, "relative_strength": 4.677378, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.653333, "energy": 53.014928, "activity_lines": [ 26.532204, 26.019507, 25.408862, 25.176116 ] }, { "date": "2026-02-13", "close": 29.309521, "volume": 163837, "typical_volume": 115133.1, "trend": 25.063902, "fair_value": 22.555728, "relative_strength": 10.726336, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.072585, "energy": 69.343717, "activity_lines": [ 27.628792, 26.652637, 25.823309, 25.458797 ] }, { "date": "2026-02-20", "close": 27.574937, "volume": 177328, "typical_volume": 117179.5, "trend": 25.147545, "fair_value": 22.588722, "relative_strength": 3.024627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.381907, "energy": 65.201062, "activity_lines": [ 27.857096, 26.880347, 26.054756, 25.6208 ] }, { "date": "2026-02-27", "close": 25.632202, "volume": 102647, "typical_volume": 117306.95, "trend": 25.230627, "fair_value": 22.608922, "relative_strength": -3.727103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.442696, "energy": 53.439429, "activity_lines": [ 27.270972, 26.745616, 26.087055, 25.652068 ] }, { "date": "2026-03-06", "close": 25.106871, "volume": 214033, "typical_volume": 123448.35, "trend": 25.283877, "fair_value": 22.640983, "relative_strength": -4.263613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.290827, "energy": 19.426798, "activity_lines": [ 26.496521, 26.540404, 26.056424, 25.644084 ] }, { "date": "2026-03-13", "close": 24.284182, "volume": 170580, "typical_volume": 127633.35, "trend": 25.29868, "fair_value": 22.664361, "relative_strength": -6.195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.625637, "energy": 13.839812, "activity_lines": [ 25.54696, 26.195019, 25.938633, 25.579587 ] }, { "date": "2026-03-20", "close": 24.78969, "volume": 269991, "typical_volume": 134076.55, "trend": 25.257708, "fair_value": 22.678819, "relative_strength": -2.072631, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -5.739548, "energy": 18.794793, "activity_lines": [ 25.016342, 25.93848, 25.868258, 25.546749 ] }, { "date": "2026-03-27", "close": 24.918545, "volume": 236508, "typical_volume": 142134.15, "trend": 25.230434, "fair_value": 22.699162, "relative_strength": 1.949127, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.745421, "energy": 21.909142, "activity_lines": [ 24.829998, 25.708434, 25.803887, 25.524868 ] }, { "date": "2026-04-03", "close": 25.88, "volume": 216099, "typical_volume": 148842.85, "trend": 25.244286, "fair_value": 22.732662, "relative_strength": 2.160648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.262347, "energy": 15.478528, "activity_lines": [ 25.141232, 25.655991, 25.826867, 25.566775 ] }, { "date": "2026-04-10", "close": 27.23, "volume": 189876, "typical_volume": 154218.1, "trend": 25.30865, "fair_value": 22.778942, "relative_strength": 2.97423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.866932, "energy": 15.618072, "activity_lines": [ 25.885946, 25.840893, 25.97084, 25.694886 ] }, { "date": "2026-04-17", "close": 27.37, "volume": 222880, "typical_volume": 161553.6, "trend": 25.375087, "fair_value": 22.824858, "relative_strength": -2.199464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.184514, "energy": 25.082681, "activity_lines": [ 26.535785, 26.039679, 26.115308, 25.827876 ] }, { "date": "2026-04-24", "close": 26.64, "volume": 358129, "typical_volume": 174807.35, "trend": 25.410706, "fair_value": 22.864949, "relative_strength": -6.5467, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.790684, "energy": 26.885864, "activity_lines": [ 26.73657, 26.117935, 26.174503, 25.909483 ] }, { "date": "2026-05-01", "close": 27.25, "volume": 321843, "typical_volume": 184336.7, "trend": 25.498757, "fair_value": 22.920699, "relative_strength": -5.422716, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.93418, "energy": 40.19413, "activity_lines": [ 27.017333, 26.355636, 26.280924, 26.028147 ] }, { "date": "2026-05-08", "close": 27.85, "volume": 739468, "typical_volume": 211780.3, "trend": 25.662979, "fair_value": 22.996057, "relative_strength": -7.943899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.529769, "energy": 51.122411, "activity_lines": [ 27.342667, 26.708336, 26.44362, 26.179841 ] }, { "date": "2026-05-15", "close": 26.44, "volume": 475616, "typical_volume": 232867.2, "trend": 25.76907, "fair_value": 23.047361, "relative_strength": -11.912281, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.820144, "energy": 32.807723, "activity_lines": [ 27.066667, 26.764349, 26.468027, 26.229971 ] }, { "date": "2026-05-22", "close": 27.54, "volume": 442299, "typical_volume": 250393.3, "trend": 25.882691, "fair_value": 23.10497, "relative_strength": -9.082308, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.041661, "energy": 34.130716, "activity_lines": [ 27.21, 26.996123, 26.59331, 26.344224 ] }, { "date": "2026-05-29", "close": 27.93, "volume": 224121, "typical_volume": 253712.7, "trend": 26.031246, "fair_value": 23.154362, "relative_strength": -10.119548, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.096427, "energy": 36.66816, "activity_lines": [ 27.472, 27.23961, 26.739431, 26.476309 ] }, { "date": "2026-06-05", "close": 27.875002, "volume": 443980, "typical_volume": 271310.2, "trend": 26.159307, "fair_value": 23.192683, "relative_strength": -5.946973, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.009313, "energy": 34.157709, "activity_lines": [ 27.629667, 27.416, 26.866161, 26.595261 ] }, { "date": "2026-06-12", "close": 28.579567, "volume": 342449, "typical_volume": 282740.1, "trend": 26.302342, "fair_value": 23.245951, "relative_strength": -5.567185, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.447856, "energy": 53.167468, "activity_lines": [ 27.980523, 27.66674, 27.046647, 26.751407 ] }, { "date": "2026-06-19", "close": 28.619261, "volume": 488566, "typical_volume": 300156.3, "trend": 26.438516, "fair_value": 23.2985, "relative_strength": -7.672923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.894903, "energy": 56.223329, "activity_lines": [ 28.295972, 27.875613, 27.215934, 26.900885 ] }, { "date": "2026-06-26", "close": 30.236785, "volume": 937022, "typical_volume": 336863.6, "trend": 26.644321, "fair_value": 23.363309, "relative_strength": 2.231029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.935946, "energy": 69.034674, "activity_lines": [ 29.005312, 28.353323, 27.529625, 27.145935 ] }, { "date": "2026-07-03", "close": 30.435255, "volume": 420476, "typical_volume": 349695.55, "trend": 26.84692, "fair_value": 23.430899, "relative_strength": 2.322728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.879829, "energy": 72.718315, "activity_lines": [ 29.601022, 28.814994, 27.851761, 27.390511 ] }, { "date": "2026-07-10", "close": 29.82, "volume": 390096, "typical_volume": 360333.95, "trend": 26.938654, "fair_value": 23.492346, "relative_strength": -1.333756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.978474, "energy": 68.158318, "activity_lines": [ 29.824631, 29.095797, 28.10994, 27.582323 ] }, { "date": "2026-07-17", "close": 30.57, "volume": 321888, "typical_volume": 371296.0, "trend": 27.057351, "fair_value": 23.549976, "relative_strength": 5.594302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.873359, "energy": 73.211939, "activity_lines": [ 30.168573, 29.466235, 28.428858, 27.816603 ] }, { "date": "2026-07-24", "close": 30.95, "volume": 334009, "typical_volume": 377294.8, "trend": 27.234876, "fair_value": 23.617682, "relative_strength": 8.60039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.165472, "energy": 65.065783, "activity_lines": [ 30.506486, 29.85631, 28.760452, 28.067742 ] }, { "date": "2026-07-31", "close": 33.36, "volume": 493566, "typical_volume": 393444.1, "trend": 27.54302, "fair_value": 23.709519, "relative_strength": 16.065686, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.268456, "energy": 68.460901, "activity_lines": [ 31.49235, 30.602567, 29.293746, 28.462911 ] }, { "date": "2026-08-07", "close": 34.92, "volume": 694140, "typical_volume": 414651.55, "trend": 27.875081, "fair_value": 23.814481, "relative_strength": 15.22196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.231168, "energy": 84.211312, "activity_lines": [ 32.79, 31.526642, 29.932393, 28.938845 ] } ], "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." } } }