{ "ticker": { "uuid": "a329fb83-3e05-47c8-acd8-54df3616eb2e", "symbol": "RTO", "name": "Rentokil Initial PLC", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -83.203, "architecture_energy": 88.688, "architecture_maturity": 24.918, "architecture_confidence": 82.19, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 17.99, "rotation_up": 8.76, "upward_expansion": 20.57, "deceleration": 37.13, "rotation_down": 76.86, "downward_expansion": 91.57 }, "activity_lines": [ 26.001333, 27.490909, 29.156551, 29.935464 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 24.21, "trend_reference": 30.7028, "distance_from_trend": -0.211473, "trend_direction": "Improving", "fair_value": 27.043636, "distance_from_fair_value": -0.10478, "fair_value_direction": "Weakening", "relative_strength": -25.733855, "relative_strength_direction": "Weakening", "price_momentum": -0.237971, "excess_performance": -0.363596, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.211473, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000783, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.10478, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.309248, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.257339, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.335401, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.237971, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.587849, "read": "Supply-led" } ], "volume": { "latest": 9611227, "relative_activity": 1.863744, "balance": 0.587849, "dry_up": 1.532851, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.081193, "annualized_volatility": 0.375054, "from_high_reference": -0.301601, "from_low_reference": 0.040843 }, "levels": { "trend_reference": 30.7028, "fair_value_reference": 27.043636, "structural_low": 23.26, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": 0.031932, "positive_rate": 0.619048, "directional_follow_through": 0.380952, "median_excess_return": -0.017512, "regime_survival": 0.761905, "best_return": 0.267606, "worst_return": -0.110816, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.00506, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.003969, "regime_survival": 0.5, "best_return": 0.171038, "worst_return": -0.073192, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.03923, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.003028, "regime_survival": 0.2, "best_return": 0.387685, "worst_return": -0.068672, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.095334, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.069409, "regime_survival": 0.333333, "best_return": 0.113313, "worst_return": -0.13547, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-18", "end": "2023-09-08", "tenure": "New", "return": -0.024312, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-09-15", "end": "2023-10-13", "tenure": "Developing", "return": -0.006999, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-20", "end": "2024-03-01", "tenure": "Established", "return": 0.035151, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-03-08", "end": "2024-04-12", "tenure": "Developing", "return": -0.117939, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-06-28", "tenure": "Developing", "return": 0.120983, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-09-06", "tenure": "Developing", "return": 0.0139, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-13", "end": "2024-10-11", "tenure": "Developing", "return": -0.067438, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2025-02-14", "tenure": "Established", "return": 0.091754, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.138352, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-09", "tenure": "Developing", "return": 0.053156, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-08-08", "tenure": "Established", "return": 0.080873, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-06-05", "tenure": "Extended", "return": 0.225609, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": -0.033268, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.203356, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 35.225111, "volume": 472692, "typical_volume": 1267146.8, "trend": 34.380356, "fair_value": 32.352811, "relative_strength": 2.912134, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.368416, "energy": 11.724988, "activity_lines": [ 36.319785, 36.679534, 36.92646, 36.086131 ] }, { "date": "2023-08-25", "close": 34.81103, "volume": 578510, "typical_volume": 1175183.8, "trend": 34.573255, "fair_value": 32.369117, "relative_strength": 0.732904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.487667, "energy": 24.502849, "activity_lines": [ 35.644038, 36.303323, 36.738863, 36.113917 ] }, { "date": "2023-09-01", "close": 35.234522, "volume": 553819, "typical_volume": 1127140.35, "trend": 34.808134, "fair_value": 32.394573, "relative_strength": -0.745278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.947348, "energy": 23.764519, "activity_lines": [ 35.357491, 36.06358, 36.590091, 36.156579 ] }, { "date": "2023-09-08", "close": 34.368716, "volume": 499723, "typical_volume": 1079648.15, "trend": 35.022201, "fair_value": 32.409697, "relative_strength": -2.021278, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.796994, "energy": 48.640815, "activity_lines": [ 34.949684, 35.695365, 36.355468, 36.12823 ] }, { "date": "2023-09-15", "close": 34.961605, "volume": 835214, "typical_volume": 1008114.7, "trend": 35.240862, "fair_value": 32.423839, "relative_strength": -0.349643, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.061503, "energy": 45.108097, "activity_lines": [ 34.855575, 35.474525, 36.182813, 36.12432 ] }, { "date": "2023-09-22", "close": 34.462826, "volume": 723203, "typical_volume": 941081.4, "trend": 35.442587, "fair_value": 32.441681, "relative_strength": 0.920328, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.879843, "energy": 45.430627, "activity_lines": [ 34.703118, 35.173401, 35.973009, 36.074124 ] }, { "date": "2023-09-29", "close": 34.867496, "volume": 1222469, "typical_volume": 884261.5, "trend": 35.646656, "fair_value": 32.462176, "relative_strength": 2.507839, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.583164, "energy": 36.196644, "activity_lines": [ 34.73637, 35.003308, 35.815321, 36.037022 ] }, { "date": "2023-10-06", "close": 33.935814, "volume": 961270, "typical_volume": 828003.8, "trend": 35.827409, "fair_value": 32.474669, "relative_strength": -0.968498, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.299131, "energy": 37.251153, "activity_lines": [ 34.455297, 34.730438, 35.581932, 35.926645 ] }, { "date": "2023-10-13", "close": 34.716921, "volume": 1045983, "typical_volume": 817733.35, "trend": 35.963922, "fair_value": 32.495764, "relative_strength": 0.683275, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.447618, "energy": 43.010636, "activity_lines": [ 34.521174, 34.66884, 35.4396, 35.855 ] }, { "date": "2023-10-20", "close": 26.237673, "volume": 4056933, "typical_volume": 993236.9, "trend": 35.770735, "fair_value": 32.454244, "relative_strength": -21.875347, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.15878, "energy": 87.096189, "activity_lines": [ 31.737421, 33.090883, 34.499498, 35.2275 ] }, { "date": "2023-10-27", "close": 23.97905, "volume": 5283771, "typical_volume": 1224094.1, "trend": 35.439724, "fair_value": 32.409231, "relative_strength": -26.470685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.732003, "energy": 96.94744, "activity_lines": [ 28.782389, 31.290316, 33.400468, 34.466746 ] }, { "date": "2023-11-03", "close": 25.729483, "volume": 2901054, "typical_volume": 1280351.05, "trend": 35.147557, "fair_value": 32.356309, "relative_strength": -25.195283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.911203, "energy": 92.857684, "activity_lines": [ 27.109753, 30.012483, 32.534811, 33.840279 ] }, { "date": "2023-11-10", "close": 25.720072, "volume": 2459194, "typical_volume": 1357248.2, "trend": 34.85416, "fair_value": 32.311558, "relative_strength": -25.918052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.084633, "energy": 90.063002, "activity_lines": [ 26.043181, 28.898057, 31.727079, 33.232054 ] }, { "date": "2023-11-17", "close": 27.159944, "volume": 2431685, "typical_volume": 1422618.75, "trend": 34.575346, "fair_value": 32.283196, "relative_strength": -23.242746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.99761, "energy": 87.790755, "activity_lines": [ 26.004282, 28.218417, 31.109366, 32.735653 ] }, { "date": "2023-11-24", "close": 26.971725, "volume": 973132, "typical_volume": 1441860.55, "trend": 34.236546, "fair_value": 32.263801, "relative_strength": -24.193479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.090971, "energy": 69.3427, "activity_lines": [ 26.406442, 27.635624, 30.51842, 32.245097 ] }, { "date": "2023-12-01", "close": 25.814181, "volume": 3318411, "typical_volume": 1574958.75, "trend": 33.853229, "fair_value": 32.232407, "relative_strength": -27.663459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.955602, "energy": 65.393072, "activity_lines": [ 26.373818, 26.987639, 29.858004, 31.701719 ] }, { "date": "2023-12-08", "close": 24.929554, "volume": 3291341, "typical_volume": 1702013.95, "trend": 33.430743, "fair_value": 32.199661, "relative_strength": -29.892349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.40845, "energy": 64.957643, "activity_lines": [ 25.923975, 26.33606, 29.169569, 31.125998 ] }, { "date": "2023-12-15", "close": 25.418922, "volume": 3597339, "typical_volume": 1833277.2, "trend": 33.030191, "fair_value": 32.153733, "relative_strength": -29.781829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.793735, "energy": 61.095275, "activity_lines": [ 25.690584, 25.954147, 28.592512, 30.609106 ] }, { "date": "2023-12-22", "close": 26.727041, "volume": 2104837, "typical_volume": 1901447.3, "trend": 32.695414, "fair_value": 32.121465, "relative_strength": -26.485168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.57993, "energy": 55.129557, "activity_lines": [ 25.913309, 25.964927, 28.198732, 30.202451 ] }, { "date": "2023-12-29", "close": 26.924671, "volume": 2056730, "typical_volume": 1968365.5, "trend": 32.325068, "fair_value": 32.087682, "relative_strength": -25.841178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.736216, "energy": 46.834474, "activity_lines": [ 26.230772, 26.15691, 27.868453, 29.830145 ] }, { "date": "2024-01-05", "close": 24.89191, "volume": 3779044, "typical_volume": 2133683.1, "trend": 31.888836, "fair_value": 32.027767, "relative_strength": -30.010121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.606798, "energy": 49.987763, "activity_lines": [ 25.873784, 25.966809, 27.390557, 29.350587 ] }, { "date": "2024-01-12", "close": 25.371867, "volume": 2099408, "typical_volume": 2209728.0, "trend": 31.465168, "fair_value": 31.980494, "relative_strength": -29.571151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.202303, "energy": 44.81895, "activity_lines": [ 25.738266, 25.847376, 27.007577, 28.930137 ] }, { "date": "2024-01-19", "close": 24.562527, "volume": 2679739, "typical_volume": 2316024.0, "trend": 31.056367, "fair_value": 31.924323, "relative_strength": -32.216877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.702624, "energy": 62.627887, "activity_lines": [ 25.303481, 25.587292, 26.592465, 28.484805 ] }, { "date": "2024-01-26", "close": 24.628404, "volume": 4806223, "typical_volume": 2531349.0, "trend": 30.65913, "fair_value": 31.880342, "relative_strength": -32.346527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.152495, "energy": 82.213475, "activity_lines": [ 24.947748, 25.360232, 26.234446, 28.070098 ] }, { "date": "2024-02-02", "close": 24.430774, "volume": 2745939, "typical_volume": 2626885.25, "trend": 30.289032, "fair_value": 31.828892, "relative_strength": -33.489281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.463913, "energy": 84.331118, "activity_lines": [ 24.666047, 25.143267, 25.903988, 27.668269 ] }, { "date": "2024-02-09", "close": 24.054337, "volume": 2464250, "typical_volume": 2713937.6, "trend": 29.836747, "fair_value": 31.768418, "relative_strength": -35.04692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.154109, "energy": 84.996635, "activity_lines": [ 24.425128, 24.904058, 25.587826, 27.26603 ] }, { "date": "2024-02-16", "close": 25.644784, "volume": 2703617, "typical_volume": 2787995.0, "trend": 29.407188, "fair_value": 31.725678, "relative_strength": -30.164187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.015861, "energy": 53.885552, "activity_lines": [ 24.770195, 24.986019, 25.472699, 26.995581 ] }, { "date": "2024-02-23", "close": 26.115331, "volume": 3131908, "typical_volume": 2896526.9, "trend": 29.019544, "fair_value": 31.698489, "relative_strength": -29.657831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.358361, "energy": 37.995893, "activity_lines": [ 25.253917, 25.140529, 25.446303, 26.783203 ] }, { "date": "2024-03-01", "close": 27.159944, "volume": 6578805, "typical_volume": 3173168.0, "trend": 28.721217, "fair_value": 31.672765, "relative_strength": -27.188694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.015627, "energy": 18.404887, "activity_lines": [ 25.982323, 25.472308, 25.556635, 26.663229 ] }, { "date": "2024-03-08", "close": 30.491413, "volume": 7079141, "typical_volume": 3324278.4, "trend": 28.518255, "fair_value": 31.673904, "relative_strength": -17.74147, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 23.057226, "energy": 34.000977, "activity_lines": [ 27.652449, 26.401936, 26.020236, 26.777435 ] }, { "date": "2024-03-15", "close": 28.722158, "volume": 3159712, "typical_volume": 3218075.45, "trend": 28.30149, "fair_value": 31.661904, "relative_strength": -21.988206, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.480316, "energy": 40.303013, "activity_lines": [ 28.328781, 26.945032, 26.295079, 26.79059 ] }, { "date": "2024-03-22", "close": 28.392776, "volume": 2521767, "typical_volume": 3199111.1, "trend": 28.087548, "fair_value": 31.644373, "relative_strength": -24.007103, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.929599, "energy": 41.919088, "activity_lines": [ 28.584131, 27.3586, 26.515967, 26.79648 ] }, { "date": "2024-03-29", "close": 28.373954, "volume": 2105339, "typical_volume": 3181418.35, "trend": 27.858862, "fair_value": 31.622286, "relative_strength": -23.717881, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.866169, "energy": 48.764896, "activity_lines": [ 28.650008, 27.71382, 26.722381, 26.814958 ] }, { "date": "2024-04-05", "close": 28.763268, "volume": 3812232, "typical_volume": 3250445.7, "trend": 27.672014, "fair_value": 31.595989, "relative_strength": -21.339982, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.285029, "energy": 43.73948, "activity_lines": [ 28.695081, 28.070525, 26.953234, 26.873306 ] }, { "date": "2024-04-12", "close": 26.895276, "volume": 4007459, "typical_volume": 3402162.05, "trend": 27.403137, "fair_value": 31.552564, "relative_strength": -24.694551, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.818938, "energy": 18.703225, "activity_lines": [ 28.010602, 28.012417, 26.998548, 26.823194 ] }, { "date": "2024-04-19", "close": 25.208365, "volume": 5278647, "typical_volume": 3500173.85, "trend": 27.094655, "fair_value": 31.50641, "relative_strength": -26.442209, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.395378, "energy": 13.869086, "activity_lines": [ 27.003561, 27.602788, 26.883568, 26.681596 ] }, { "date": "2024-04-26", "close": 24.998692, "volume": 2477878, "typical_volume": 3459500.7, "trend": 26.765694, "fair_value": 31.462192, "relative_strength": -28.107158, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.447645, "energy": 25.852477, "activity_lines": [ 26.160883, 27.134054, 26.751504, 26.546373 ] }, { "date": "2024-05-03", "close": 24.703245, "volume": 1419005, "typical_volume": 3350584.0, "trend": 26.457942, "fair_value": 31.418453, "relative_strength": -28.505021, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.286897, "energy": 33.829038, "activity_lines": [ 25.445994, 26.62335, 26.590973, 26.413311 ] }, { "date": "2024-05-10", "close": 25.856444, "volume": 1659739, "typical_volume": 3328329.1, "trend": 26.162593, "fair_value": 31.388932, "relative_strength": -25.628494, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.044303, "energy": 29.698578, "activity_lines": [ 25.360219, 26.347993, 26.543678, 26.374505 ] }, { "date": "2024-05-17", "close": 26.018464, "volume": 2494732, "typical_volume": 3350229.2, "trend": 26.155286, "fair_value": 31.351545, "relative_strength": -25.486759, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.984333, "energy": 28.134118, "activity_lines": [ 25.522239, 26.125794, 26.51596, 26.365206 ] }, { "date": "2024-05-24", "close": 25.227426, "volume": 2385798, "typical_volume": 3280566.9, "trend": 26.196898, "fair_value": 31.311898, "relative_strength": -26.872936, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.525655, "energy": 22.362342, "activity_lines": [ 25.479033, 25.841096, 26.41722, 26.305344 ] }, { "date": "2024-05-31", "close": 25.713485, "volume": 1652334, "typical_volume": 3258213.2, "trend": 26.196365, "fair_value": 31.27736, "relative_strength": -24.24536, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.880304, "energy": 13.401322, "activity_lines": [ 25.596577, 25.708313, 26.363173, 26.274156 ] }, { "date": "2024-06-07", "close": 25.808791, "volume": 2476838, "typical_volume": 3248068.15, "trend": 26.199322, "fair_value": 31.240151, "relative_strength": -23.971838, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.795703, "energy": 9.20045, "activity_lines": [ 25.698236, 25.641573, 26.316577, 26.249152 ] }, { "date": "2024-06-14", "close": 27.648191, "volume": 4546441, "typical_volume": 3235079.05, "trend": 26.215597, "fair_value": 31.217781, "relative_strength": -18.970778, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.826628, "energy": 13.572249, "activity_lines": [ 26.339326, 25.955908, 26.439227, 26.342627 ] }, { "date": "2024-06-21", "close": 27.895986, "volume": 2437966, "typical_volume": 3219680.4, "trend": 26.246406, "fair_value": 31.190671, "relative_strength": -17.891113, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.239018, "energy": 30.464978, "activity_lines": [ 26.943564, 26.335572, 26.571096, 26.451039 ] }, { "date": "2024-06-28", "close": 28.258148, "volume": 2511053, "typical_volume": 3222020.55, "trend": 26.327872, "fair_value": 31.16641, "relative_strength": -15.960258, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.878481, "energy": 48.82906, "activity_lines": [ 27.543355, 26.762888, 26.720957, 26.580829 ] }, { "date": "2024-07-05", "close": 29.268389, "volume": 1801948, "typical_volume": 3176937.1, "trend": 26.472499, "fair_value": 31.143118, "relative_strength": -13.802453, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.575571, "energy": 68.617716, "activity_lines": [ 28.277845, 27.318434, 26.947012, 26.77054 ] }, { "date": "2024-07-12", "close": 29.068247, "volume": 2277403, "typical_volume": 3134211.85, "trend": 26.594144, "fair_value": 31.116756, "relative_strength": -14.321348, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.719762, "energy": 73.384849, "activity_lines": [ 28.708627, 27.759959, 27.136751, 26.938007 ] }, { "date": "2024-07-19", "close": 28.153312, "volume": 1850851, "typical_volume": 2897814.15, "trend": 26.641686, "fair_value": 31.080867, "relative_strength": -14.400941, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.896974, "energy": 69.629538, "activity_lines": [ 28.617133, 27.955769, 27.225292, 27.038599 ] }, { "date": "2024-07-26", "close": 29.306511, "volume": 4625924, "typical_volume": 2775153.3, "trend": 26.721081, "fair_value": 31.033506, "relative_strength": -9.278124, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.097015, "energy": 67.279807, "activity_lines": [ 28.876365, 28.31949, 27.418931, 27.210523 ] }, { "date": "2024-08-02", "close": 29.049186, "volume": 2405361, "typical_volume": 2737435.75, "trend": 26.859657, "fair_value": 30.988245, "relative_strength": -7.302895, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.982771, "energy": 48.831539, "activity_lines": [ 28.955786, 28.576643, 27.593705, 27.360723 ] }, { "date": "2024-08-09", "close": 29.176302, "volume": 3409257, "typical_volume": 2781810.25, "trend": 26.986471, "fair_value": 30.941592, "relative_strength": -6.037348, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.4469, "energy": 41.549404, "activity_lines": [ 29.024844, 28.78742, 27.779028, 27.510184 ] }, { "date": "2024-08-16", "close": 30.481128, "volume": 1812251, "typical_volume": 2767155.85, "trend": 27.183758, "fair_value": 30.893541, "relative_strength": -4.766889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.019491, "energy": 51.501698, "activity_lines": [ 29.534983, 29.172479, 28.08489, 27.735646 ] }, { "date": "2024-08-23", "close": 31.229484, "volume": 1383162, "typical_volume": 2645702.35, "trend": 27.403794, "fair_value": 30.855874, "relative_strength": -2.98878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.273158, "energy": 69.319487, "activity_lines": [ 30.200381, 29.60865, 28.451989, 27.996661 ] }, { "date": "2024-08-30", "close": 30.922466, "volume": 2411046, "typical_volume": 2565881.7, "trend": 27.620183, "fair_value": 30.81371, "relative_strength": -3.417456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.512058, "energy": 69.496109, "activity_lines": [ 30.558363, 29.923886, 28.778104, 28.223672 ] }, { "date": "2024-09-06", "close": 29.675206, "volume": 1802407, "typical_volume": 2392069.7, "trend": 27.807546, "fair_value": 30.758024, "relative_strength": -2.543935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.771052, "energy": 61.811469, "activity_lines": [ 30.39286, 29.95732, 28.966256, 28.356254 ] }, { "date": "2024-09-13", "close": 24.043345, "volume": 11209708, "typical_volume": 2828661.2, "trend": 27.754164, "fair_value": 30.66503, "relative_strength": -23.113068, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 4.052104, "energy": 7.847081, "activity_lines": [ 28.308336, 28.941015, 28.596769, 28.113402 ] }, { "date": "2024-09-20", "close": 23.506063, "volume": 7201849, "typical_volume": 3117803.4, "trend": 27.667189, "fair_value": 30.573091, "relative_strength": -24.854112, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.388061, "energy": 41.160024, "activity_lines": [ 26.386915, 27.922023, 28.180662, 27.839331 ] }, { "date": "2024-09-27", "close": 24.580626, "volume": 5685631, "typical_volume": 3319098.0, "trend": 27.581212, "fair_value": 30.493567, "relative_strength": -20.763856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.499175, "energy": 45.348584, "activity_lines": [ 25.288686, 27.199537, 27.872595, 27.640198 ] }, { "date": "2024-10-04", "close": 23.390932, "volume": 5177137, "typical_volume": 3453218.25, "trend": 27.344529, "fair_value": 30.403065, "relative_strength": -23.737075, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.126024, "energy": 65.79183, "activity_lines": [ 24.23715, 26.325701, 27.4573, 27.369858 ] }, { "date": "2024-10-11", "close": 22.421906, "volume": 5088201, "typical_volume": 3588338.4, "trend": 27.13452, "fair_value": 30.30006, "relative_strength": -26.598692, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.337221, "energy": 87.593, "activity_lines": [ 23.364707, 25.383234, 26.962228, 27.052269 ] }, { "date": "2024-10-18", "close": 23.736327, "volume": 6220583, "typical_volume": 3816750.85, "trend": 26.979305, "fair_value": 30.204716, "relative_strength": -22.322976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.002154, "energy": 77.693855, "activity_lines": [ 23.413958, 24.800249, 26.605698, 26.833031 ] }, { "date": "2024-10-25", "close": 23.707544, "volume": 3411127, "typical_volume": 3863465.3, "trend": 26.823759, "fair_value": 30.11595, "relative_strength": -21.144464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.383258, "energy": 69.814067, "activity_lines": [ 23.474082, 24.310939, 26.255843, 26.621949 ] }, { "date": "2024-11-01", "close": 24.695758, "volume": 3533303, "typical_volume": 3812808.4, "trend": 26.688175, "fair_value": 30.027521, "relative_strength": -16.186863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.701836, "energy": 50.042222, "activity_lines": [ 23.850179, 24.12446, 26.010109, 26.484659 ] }, { "date": "2024-11-08", "close": 25.386549, "volume": 3003662, "typical_volume": 3841093.2, "trend": 26.637884, "fair_value": 29.936699, "relative_strength": -17.236933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.034517, "energy": 33.49922, "activity_lines": [ 24.448865, 24.182375, 25.844224, 26.400683 ] }, { "date": "2024-11-15", "close": 24.494278, "volume": 4871161, "typical_volume": 3959098.6, "trend": 26.614081, "fair_value": 29.840363, "relative_strength": -17.856906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.300019, "energy": 28.341928, "activity_lines": [ 24.617085, 24.178712, 25.60531, 26.262386 ] }, { "date": "2024-11-22", "close": 24.926022, "volume": 3754431, "typical_volume": 4056722.75, "trend": 26.611659, "fair_value": 29.755909, "relative_strength": -17.210259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.625686, "energy": 21.705152, "activity_lines": [ 24.791062, 24.347746, 25.425438, 26.153479 ] }, { "date": "2024-11-29", "close": 24.503872, "volume": 3338584, "typical_volume": 4109781.8, "trend": 26.605013, "fair_value": 29.669719, "relative_strength": -19.060756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.985134, "energy": 20.662976, "activity_lines": [ 24.745009, 24.423978, 25.226039, 26.017493 ] }, { "date": "2024-12-06", "close": 25.424926, "volume": 3063379, "typical_volume": 4170408.2, "trend": 26.590629, "fair_value": 29.583847, "relative_strength": -16.326432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.285909, "energy": 19.267103, "activity_lines": [ 24.952886, 24.649531, 25.136095, 25.941358 ] }, { "date": "2024-12-13", "close": 25.281011, "volume": 3805204, "typical_volume": 4129372.2, "trend": 26.566047, "fair_value": 29.53548, "relative_strength": -15.889187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.920464, "energy": 19.013499, "activity_lines": [ 25.06418, 24.833567, 25.045437, 25.856867 ] }, { "date": "2024-12-20", "close": 24.369551, "volume": 4438375, "typical_volume": 4231022.9, "trend": 26.537451, "fair_value": 29.462306, "relative_strength": -16.895053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.225944, "energy": 23.450137, "activity_lines": [ 24.87869, 24.817519, 24.887142, 25.715157 ] }, { "date": "2024-12-27", "close": 24.350363, "volume": 1410609, "typical_volume": 4131090.5, "trend": 26.492014, "fair_value": 29.382424, "relative_strength": -16.969732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.906181, "energy": 25.33264, "activity_lines": [ 24.695118, 24.762569, 24.749304, 25.574055 ] }, { "date": "2025-01-03", "close": 23.985779, "volume": 1683141, "typical_volume": 4124635.0, "trend": 26.431247, "fair_value": 29.316331, "relative_strength": -17.359372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.121447, "energy": 39.151426, "activity_lines": [ 24.428397, 24.630168, 24.599724, 25.412362 ] }, { "date": "2025-01-10", "close": 22.479472, "volume": 2444426, "typical_volume": 4177698.2, "trend": 26.258956, "fair_value": 29.2488, "relative_strength": -20.547023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.673913, "energy": 69.106425, "activity_lines": [ 23.694112, 24.218834, 24.337616, 25.157409 ] }, { "date": "2025-01-17", "close": 22.892027, "volume": 3579865, "typical_volume": 4236139.15, "trend": 26.092158, "fair_value": 29.184266, "relative_strength": -20.989474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.528066, "energy": 76.150672, "activity_lines": [ 23.293709, 23.922805, 24.156466, 24.940188 ] }, { "date": "2025-01-24", "close": 23.189451, "volume": 2321055, "typical_volume": 4262071.55, "trend": 25.923201, "fair_value": 29.124462, "relative_strength": -20.921913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.427333, "energy": 72.835541, "activity_lines": [ 23.151713, 23.726209, 24.041883, 24.752916 ] }, { "date": "2025-01-31", "close": 24.033751, "volume": 3250790, "typical_volume": 3864125.65, "trend": 25.748713, "fair_value": 29.069517, "relative_strength": -16.869895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.087922, "energy": 60.181558, "activity_lines": [ 23.369824, 23.706846, 24.038593, 24.631016 ] }, { "date": "2025-02-07", "close": 23.880242, "volume": 1819413, "typical_volume": 3595003.85, "trend": 25.57578, "fair_value": 29.020314, "relative_strength": -16.962011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.3904, "energy": 37.75806, "activity_lines": [ 23.557873, 23.675796, 24.02073, 24.51047 ] }, { "date": "2025-02-14", "close": 25.914236, "volume": 1875853, "typical_volume": 3404514.95, "trend": 25.501144, "fair_value": 28.988561, "relative_strength": -10.869104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.263805, "energy": 11.361359, "activity_lines": [ 24.430955, 24.025901, 24.194798, 24.532306 ] }, { "date": "2025-02-21", "close": 24.340769, "volume": 1558230, "typical_volume": 3223569.6, "trend": 25.335619, "fair_value": 28.944663, "relative_strength": -14.522234, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.741045, "energy": 20.756139, "activity_lines": [ 24.550565, 24.081025, 24.212662, 24.457443 ] }, { "date": "2025-02-28", "close": 24.18726, "volume": 4006846, "typical_volume": 3169501.85, "trend": 25.173555, "fair_value": 28.909895, "relative_strength": -13.786246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.172055, "energy": 18.746211, "activity_lines": [ 24.522421, 24.125333, 24.211383, 24.383355 ] }, { "date": "2025-03-07", "close": 22.018945, "volume": 7291473, "typical_volume": 3223046.35, "trend": 24.934976, "fair_value": 28.868636, "relative_strength": -18.290574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.535559, "energy": 25.335724, "activity_lines": [ 23.704986, 23.778717, 23.995191, 24.179832 ] }, { "date": "2025-03-14", "close": 20.973165, "volume": 8362977, "typical_volume": 3470638.85, "trend": 24.618044, "fair_value": 28.804092, "relative_strength": -19.711115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.234061, "energy": 63.261914, "activity_lines": [ 22.673277, 23.284348, 23.687579, 23.924231 ] }, { "date": "2025-03-21", "close": 21.577607, "volume": 3582185, "typical_volume": 3473082.95, "trend": 24.296315, "fair_value": 28.73619, "relative_strength": -17.237633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.206309, "energy": 71.955417, "activity_lines": [ 22.036855, 22.954652, 23.450554, 23.728074 ] }, { "date": "2025-03-28", "close": 21.961379, "volume": 3867918, "typical_volume": 3516295.75, "trend": 23.997612, "fair_value": 28.675275, "relative_strength": -13.952766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.835503, "energy": 71.970911, "activity_lines": [ 21.817465, 22.711131, 23.264926, 23.577433 ] }, { "date": "2025-04-04", "close": 20.428674, "volume": 5956814, "typical_volume": 3570578.4, "trend": 23.689394, "fair_value": 28.602357, "relative_strength": -11.392842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.656637, "energy": 77.880725, "activity_lines": [ 21.245799, 22.205857, 22.949638, 23.347179 ] }, { "date": "2025-04-11", "close": 21.972304, "volume": 6925406, "typical_volume": 3729127.15, "trend": 23.62036, "fair_value": 28.537704, "relative_strength": -9.34823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.656187, "energy": 56.345261, "activity_lines": [ 21.439249, 22.031439, 22.800721, 23.236399 ] }, { "date": "2025-04-18", "close": 22.548722, "volume": 4885867, "typical_volume": 3806491.3, "trend": 23.588448, "fair_value": 28.477605, "relative_strength": -5.289442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.048613, "energy": 36.065311, "activity_lines": [ 21.827948, 21.999305, 22.720767, 23.167261 ] }, { "date": "2025-04-25", "close": 22.499873, "volume": 6909507, "typical_volume": 3998797.7, "trend": 23.51909, "fair_value": 28.416364, "relative_strength": -9.308121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.48577, "energy": 26.347973, "activity_lines": [ 22.095326, 21.982499, 22.645471, 23.09703 ] }, { "date": "2025-05-02", "close": 23.300998, "volume": 3488370, "typical_volume": 3982956.0, "trend": 23.516092, "fair_value": 28.372019, "relative_strength": -8.444862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.422783, "energy": 17.212434, "activity_lines": [ 22.568262, 22.173432, 22.660402, 23.08296 ] }, { "date": "2025-05-09", "close": 22.724579, "volume": 3339328, "typical_volume": 3928003.65, "trend": 23.526181, "fair_value": 28.327631, "relative_strength": -9.940926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.710358, "energy": 18.379473, "activity_lines": [ 22.75975, 22.278466, 22.629864, 23.031894 ] }, { "date": "2025-05-16", "close": 22.832047, "volume": 2489105, "typical_volume": 3981928.45, "trend": 23.496038, "fair_value": 28.292172, "relative_strength": -13.640861, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.022534, "energy": 16.943526, "activity_lines": [ 22.834001, 22.429633, 22.617394, 22.987112 ] }, { "date": "2025-05-23", "close": 23.300998, "volume": 2647954, "typical_volume": 4030169.1, "trend": 23.482487, "fair_value": 28.250679, "relative_strength": -9.256142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.354799, "energy": 14.63532, "activity_lines": [ 23.007252, 22.651281, 22.656816, 22.974528 ] }, { "date": "2025-05-30", "close": 23.222839, "volume": 1732540, "typical_volume": 3994574.8, "trend": 23.43339, "fair_value": 28.219563, "relative_strength": -10.751823, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.714845, "energy": 10.715501, "activity_lines": [ 23.104299, 22.816394, 22.692056, 22.957777 ] }, { "date": "2025-06-06", "close": 23.144681, "volume": 2873628, "typical_volume": 3959262.95, "trend": 23.358661, "fair_value": 28.193163, "relative_strength": -12.104788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.733035, "energy": 10.971076, "activity_lines": [ 23.127095, 22.937383, 22.716312, 22.93915 ] }, { "date": "2025-06-13", "close": 22.851587, "volume": 3079365, "typical_volume": 3997178.45, "trend": 23.303904, "fair_value": 28.178282, "relative_strength": -12.396681, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.457637, "energy": 10.482007, "activity_lines": [ 23.062615, 22.983568, 22.711451, 22.906436 ] }, { "date": "2025-06-20", "close": 22.763658, "volume": 2397804, "typical_volume": 3954529.15, "trend": 23.231826, "fair_value": 28.148046, "relative_strength": -12.070026, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.699685, "energy": 10.199669, "activity_lines": [ 22.960357, 22.969712, 22.699825, 22.871581 ] }, { "date": "2025-06-27", "close": 23.857877, "volume": 4239273, "typical_volume": 4075522.15, "trend": 23.210292, "fair_value": 28.127285, "relative_strength": -10.390442, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.171972, "energy": 17.067268, "activity_lines": [ 23.227399, 23.140418, 22.798458, 22.911972 ] }, { "date": "2025-07-04", "close": 23.555013, "volume": 2976481, "typical_volume": 4130553.55, "trend": 23.147962, "fair_value": 28.099246, "relative_strength": -12.39043, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.567029, "energy": 19.21953, "activity_lines": [ 23.35636, 23.232254, 22.868353, 22.934212 ] }, { "date": "2025-07-11", "close": 22.451024, "volume": 3586230, "typical_volume": 4231953.55, "trend": 23.053629, "fair_value": 28.063657, "relative_strength": -15.641703, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.406477, "energy": 7.869161, "activity_lines": [ 23.09518, 23.104181, 22.844341, 22.889248 ] }, { "date": "2025-07-18", "close": 23.281458, "volume": 2937150, "typical_volume": 4178468.75, "trend": 23.017359, "fair_value": 28.030605, "relative_strength": -12.488896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.283524, "energy": 15.785897, "activity_lines": [ 23.157056, 23.142549, 22.908417, 22.903947 ] }, { "date": "2025-07-25", "close": 24.444066, "volume": 4660597, "typical_volume": 4046924.95, "trend": 23.020483, "fair_value": 27.992438, "relative_strength": -8.824648, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.142221, "energy": 35.148998, "activity_lines": [ 23.577809, 23.382176, 23.087531, 22.995992 ] }, { "date": "2025-08-01", "close": 23.17399, "volume": 6410899, "typical_volume": 3949321.05, "trend": 22.993423, "fair_value": 27.946334, "relative_strength": -10.69254, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.147565, "energy": 23.992804, "activity_lines": [ 23.463177, 23.361571, 23.134137, 23.005896 ] }, { "date": "2025-08-08", "close": 24.678541, "volume": 3988791, "typical_volume": 3969651.35, "trend": 23.066725, "fair_value": 27.911155, "relative_strength": -6.482732, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.539166, "energy": 55.035524, "activity_lines": [ 23.895654, 23.616829, 23.313553, 23.114613 ] }, { "date": "2025-08-15", "close": 24.232859, "volume": 3970337, "typical_volume": 3974772.3, "trend": 23.11142, "fair_value": 27.876156, "relative_strength": -8.298082, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.144254, "energy": 55.918163, "activity_lines": [ 24.104668, 23.764587, 23.435758, 23.189848 ] }, { "date": "2025-08-22", "close": 24.104434, "volume": 3568444, "typical_volume": 3855353.8, "trend": 23.141919, "fair_value": 27.845751, "relative_strength": -8.236615, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.470639, "energy": 43.495888, "activity_lines": [ 24.152085, 23.86921, 23.534914, 23.253913 ] }, { "date": "2025-08-29", "close": 24.390921, "volume": 6466853, "typical_volume": 3832426.15, "trend": 23.153825, "fair_value": 27.826054, "relative_strength": -6.32403, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.047594, "energy": 50.347825, "activity_lines": [ 24.240133, 24.003143, 23.643852, 23.334494 ] }, { "date": "2025-09-05", "close": 25.240503, "volume": 2512695, "typical_volume": 3713767.55, "trend": 23.199167, "fair_value": 27.797454, "relative_strength": -2.618853, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.279795, "energy": 52.149302, "activity_lines": [ 24.614917, 24.261958, 23.822185, 23.469118 ] }, { "date": "2025-09-12", "close": 25.161472, "volume": 2416418, "typical_volume": 3489113.1, "trend": 23.174075, "fair_value": 27.781505, "relative_strength": -4.193687, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.854825, "energy": 51.987493, "activity_lines": [ 24.825591, 24.481266, 23.980173, 23.595719 ] }, { "date": "2025-09-19", "close": 24.104434, "volume": 3221543, "typical_volume": 3475771.75, "trend": 23.166197, "fair_value": 27.775093, "relative_strength": -9.096364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.149818, "energy": 37.513094, "activity_lines": [ 24.651723, 24.479176, 24.024816, 23.655742 ] }, { "date": "2025-09-26", "close": 24.4008, "volume": 2853195, "typical_volume": 3451465.1, "trend": 23.173315, "fair_value": 27.774868, "relative_strength": -7.420307, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.468167, "energy": 33.792911, "activity_lines": [ 24.585205, 24.500909, 24.093859, 23.735394 ] }, { "date": "2025-10-03", "close": 26.090086, "volume": 3331035, "typical_volume": 3493561.6, "trend": 23.30902, "fair_value": 27.786008, "relative_strength": -1.993741, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.338036, "energy": 42.30822, "activity_lines": [ 25.062025, 24.809434, 24.315804, 23.923572 ] }, { "date": "2025-10-10", "close": 26.475362, "volume": 2816889, "typical_volume": 3502008.35, "trend": 23.492426, "fair_value": 27.789734, "relative_strength": 1.850888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.294155, "energy": 49.715315, "activity_lines": [ 25.553993, 25.15808, 24.558928, 24.127853 ] }, { "date": "2025-10-17", "close": 26.425967, "volume": 2503991, "typical_volume": 3540580.9, "trend": 23.654038, "fair_value": 27.790702, "relative_strength": -0.015131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.828505, "energy": 66.109915, "activity_lines": [ 25.947172, 25.437721, 24.782232, 24.317113 ] }, { "date": "2025-10-24", "close": 28.954957, "volume": 4558424, "typical_volume": 3624820.7, "trend": 23.887157, "fair_value": 27.791093, "relative_strength": 7.404969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.949698, "energy": 85.451364, "activity_lines": [ 27.099047, 26.145408, 25.231138, 24.659108 ] }, { "date": "2025-10-31", "close": 27.483006, "volume": 4947633, "typical_volume": 3718234.1, "trend": 24.122302, "fair_value": 27.791871, "relative_strength": 1.396309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.546323, "energy": 79.30409, "activity_lines": [ 27.436905, 26.49961, 25.512191, 24.891098 ] }, { "date": "2025-11-07", "close": 26.761849, "volume": 5974897, "typical_volume": 3897088.75, "trend": 24.281953, "fair_value": 27.77344, "relative_strength": 0.516802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.289288, "energy": 75.427957, "activity_lines": [ 27.328896, 26.661264, 25.702508, 25.061392 ] }, { "date": "2025-11-14", "close": 26.119722, "volume": 3689471, "typical_volume": 3869598.65, "trend": 24.400987, "fair_value": 27.751013, "relative_strength": -1.871073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.433719, "energy": 52.403799, "activity_lines": [ 26.96206, 26.66306, 25.812631, 25.179957 ] }, { "date": "2025-11-21", "close": 26.633423, "volume": 6529664, "typical_volume": 4047257.8, "trend": 24.538772, "fair_value": 27.725388, "relative_strength": 2.114102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.717298, "energy": 36.491602, "activity_lines": [ 26.790168, 26.742271, 25.960907, 25.323985 ] }, { "date": "2025-11-28", "close": 27.315065, "volume": 2488386, "typical_volume": 3992365.6, "trend": 24.672574, "fair_value": 27.70074, "relative_strength": 1.05286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.595622, "energy": 32.009767, "activity_lines": [ 26.831659, 26.918653, 26.159443, 25.503101 ] }, { "date": "2025-12-05", "close": 28.085617, "volume": 2706796, "typical_volume": 3980847.9, "trend": 24.851275, "fair_value": 27.686687, "relative_strength": 3.624405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.122979, "energy": 43.087751, "activity_lines": [ 27.239327, 27.176761, 26.408202, 25.723298 ] }, { "date": "2025-12-12", "close": 28.332588, "volume": 3783947, "typical_volume": 3937015.4, "trend": 25.034627, "fair_value": 27.680468, "relative_strength": 5.178649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.303002, "energy": 48.591291, "activity_lines": [ 27.689145, 27.412776, 26.657605, 25.947898 ] }, { "date": "2025-12-19", "close": 29.389627, "volume": 3317390, "typical_volume": 3782339.95, "trend": 25.237581, "fair_value": 27.685431, "relative_strength": 8.89308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.921436, "energy": 72.504159, "activity_lines": [ 28.386593, 27.800207, 26.989162, 26.228866 ] }, { "date": "2025-12-26", "close": 29.636599, "volume": 2258730, "typical_volume": 3695836.9, "trend": 25.451373, "fair_value": 27.691977, "relative_strength": 8.181775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.892515, "energy": 79.54972, "activity_lines": [ 28.948371, 28.179556, 27.314642, 26.512674 ] }, { "date": "2026-01-02", "close": 29.508174, "volume": 2479409, "typical_volume": 3621290.5, "trend": 25.663489, "fair_value": 27.702523, "relative_strength": 8.722892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.351486, "energy": 80.810978, "activity_lines": [ 29.267129, 28.477179, 27.604281, 26.774403 ] }, { "date": "2026-01-09", "close": 31.227096, "volume": 2701062, "typical_volume": 3577921.4, "trend": 25.942673, "fair_value": 27.712239, "relative_strength": 12.931596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.122489, "energy": 89.605453, "activity_lines": [ 30.012654, 29.077275, 28.032506, 27.133345 ] }, { "date": "2026-01-16", "close": 31.157944, "volume": 6891202, "typical_volume": 3599138.85, "trend": 26.222482, "fair_value": 27.724787, "relative_strength": 12.731766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.075256, "energy": 85.715309, "activity_lines": [ 30.525697, 29.596724, 28.420228, 27.469814 ] }, { "date": "2026-01-23", "close": 32.540986, "volume": 9975899, "typical_volume": 3972299.05, "trend": 26.511919, "fair_value": 27.747331, "relative_strength": 17.662454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.528525, "energy": 92.88525, "activity_lines": [ 31.311396, 30.287706, 28.907444, 27.87746 ] }, { "date": "2026-01-30", "close": 31.128308, "volume": 5645769, "typical_volume": 4133766.6, "trend": 26.764363, "fair_value": 27.766178, "relative_strength": 11.863112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.443319, "energy": 83.377492, "activity_lines": [ 31.416112, 30.605087, 29.225356, 28.175291 ] }, { "date": "2026-02-06", "close": 31.770434, "volume": 13277948, "typical_volume": 4636586.85, "trend": 27.07501, "fair_value": 27.790689, "relative_strength": 14.078091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.275516, "energy": 74.992677, "activity_lines": [ 31.635423, 30.957493, 29.576008, 28.498264 ] }, { "date": "2026-02-13", "close": 30.081148, "volume": 7424929, "typical_volume": 4865173.55, "trend": 27.301666, "fair_value": 27.801454, "relative_strength": 9.35914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.885316, "energy": 54.640842, "activity_lines": [ 31.140821, 30.92175, 29.729272, 28.692208 ] }, { "date": "2026-02-20", "close": 31.612372, "volume": 4149634, "typical_volume": 4906103.5, "trend": 27.540609, "fair_value": 27.821976, "relative_strength": 13.385904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.11203, "energy": 49.396048, "activity_lines": [ 31.233024, 31.128128, 30.001317, 28.970318 ] }, { "date": "2026-02-27", "close": 30.901094, "volume": 7422482, "typical_volume": 5136383.15, "trend": 27.79818, "fair_value": 27.835794, "relative_strength": 11.1863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.261164, "energy": 37.391526, "activity_lines": [ 31.057839, 31.145551, 30.179325, 29.187124 ] }, { "date": "2026-03-06", "close": 31.474068, "volume": 11630502, "typical_volume": 5592708.7, "trend": 28.024697, "fair_value": 27.854774, "relative_strength": 15.096105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.662747, "energy": 32.214986, "activity_lines": [ 31.182971, 31.23967, 30.390827, 29.424278 ] }, { "date": "2026-03-13", "close": 31.948254, "volume": 11332169, "typical_volume": 5931395.95, "trend": 28.281877, "fair_value": 27.863278, "relative_strength": 18.021978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.517579, "energy": 40.351475, "activity_lines": [ 31.443114, 31.386595, 30.623451, 29.67741 ] }, { "date": "2026-03-20", "close": 30.446666, "volume": 7694073, "typical_volume": 6068717.95, "trend": 28.493285, "fair_value": 27.853108, "relative_strength": 14.095409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.953019, "energy": 27.426849, "activity_lines": [ 31.190874, 31.21614, 30.698812, 29.817074 ] }, { "date": "2026-03-27", "close": 30.189815, "volume": 6086773, "typical_volume": 6074311.75, "trend": 28.686581, "fair_value": 27.829264, "relative_strength": 15.304916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.962803, "energy": 21.830559, "activity_lines": [ 30.828649, 31.013174, 30.735599, 29.926528 ] }, { "date": "2026-04-03", "close": 32.382924, "volume": 4781330, "typical_volume": 6128904.7, "trend": 28.924662, "fair_value": 27.815729, "relative_strength": 19.110669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.086442, "energy": 30.853572, "activity_lines": [ 31.292297, 31.226558, 30.96493, 30.165001 ] }, { "date": "2026-04-10", "close": 33.6, "volume": 4290305, "typical_volume": 6016936.75, "trend": 29.205946, "fair_value": 27.809819, "relative_strength": 18.857635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.164101, "energy": 39.295867, "activity_lines": [ 32.062848, 31.664102, 31.280348, 30.466636 ] }, { "date": "2026-04-17", "close": 33.87, "volume": 5206542, "typical_volume": 6152844.55, "trend": 29.531465, "fair_value": 27.799214, "relative_strength": 14.405489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.359176, "energy": 56.288011, "activity_lines": [ 32.781671, 32.105797, 31.588306, 30.767543 ] }, { "date": "2026-04-24", "close": 34.08, "volume": 5558816, "typical_volume": 6295445.55, "trend": 29.854105, "fair_value": 27.779626, "relative_strength": 14.164807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.916905, "energy": 71.713748, "activity_lines": [ 33.442378, 32.547499, 31.885051, 31.060997 ] }, { "date": "2026-05-01", "close": 33.79, "volume": 5070476, "typical_volume": 6359772.0, "trend": 30.110769, "fair_value": 27.757038, "relative_strength": 11.866493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.392107, "energy": 71.337943, "activity_lines": [ 33.764195, 32.863769, 32.125631, 31.314925 ] }, { "date": "2026-05-08", "close": 33.4, "volume": 3755409, "typical_volume": 6381672.95, "trend": 30.34159, "fair_value": 27.730088, "relative_strength": 7.80628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.400757, "energy": 61.721214, "activity_lines": [ 33.716, 33.069536, 32.303081, 31.527134 ] }, { "date": "2026-05-15", "close": 31.53, "volume": 5080665, "typical_volume": 6522769.7, "trend": 30.511725, "fair_value": 27.692233, "relative_strength": 1.381073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.058182, "energy": 34.44166, "activity_lines": [ 32.976667, 32.889868, 32.283339, 31.603805 ] }, { "date": "2026-05-22", "close": 31.34, "volume": 3435724, "typical_volume": 6570585.45, "trend": 30.591226, "fair_value": 27.657423, "relative_strength": -0.165096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.199272, "energy": 15.350384, "activity_lines": [ 32.312, 32.674638, 32.236485, 31.657243 ] }, { "date": "2026-05-29", "close": 30.11, "volume": 4110965, "typical_volume": 6641080.6, "trend": 30.678792, "fair_value": 27.606621, "relative_strength": -5.455565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 4.891111, "energy": 16.341344, "activity_lines": [ 31.406, 32.24683, 32.063765, 31.626196 ] }, { "date": "2026-06-05", "close": 29.7, "volume": 4570949, "typical_volume": 6525067.95, "trend": 30.776731, "fair_value": 27.553551, "relative_strength": -4.401617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -31.275218, "energy": 35.714754, "activity_lines": [ 30.628, 31.750599, 31.857318, 31.563048 ] }, { "date": "2026-06-12", "close": 30.66, "volume": 5355164, "typical_volume": 6294031.2, "trend": 30.928073, "fair_value": 27.505975, "relative_strength": -1.987528, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.776568, "energy": 39.299936, "activity_lines": [ 30.442667, 31.437818, 31.749241, 31.555517 ] }, { "date": "2026-06-19", "close": 28.48, "volume": 3699600, "typical_volume": 6196722.75, "trend": 30.989626, "fair_value": 27.452472, "relative_strength": -9.770614, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.92248, "energy": 61.977581, "activity_lines": [ 29.713333, 30.76, 31.442503, 31.397577 ] }, { "date": "2026-06-26", "close": 28.93, "volume": 3792269, "typical_volume": 5722438.8, "trend": 31.043457, "fair_value": 27.403654, "relative_strength": -6.132778, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.118482, "energy": 64.513087, "activity_lines": [ 29.337333, 30.257091, 31.191232, 31.264698 ] }, { "date": "2026-07-03", "close": 29.99, "volume": 3310928, "typical_volume": 5516738.75, "trend": 31.106937, "fair_value": 27.368117, "relative_strength": -4.850935, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.215539, "energy": 53.458212, "activity_lines": [ 29.475333, 30.036727, 31.05444, 31.196733 ] }, { "date": "2026-07-10", "close": 29.64, "volume": 3413683, "typical_volume": 5479941.2, "trend": 31.150517, "fair_value": 27.316945, "relative_strength": -7.34867, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.879336, "energy": 57.838998, "activity_lines": [ 29.504667, 29.827091, 30.884749, 31.102091 ] }, { "date": "2026-07-17", "close": 30.39, "volume": 3249309, "typical_volume": 5271282.55, "trend": 31.183863, "fair_value": 27.264756, "relative_strength": -3.661767, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.129862, "energy": 36.520298, "activity_lines": [ 29.788, 29.829273, 30.795878, 31.053026 ] }, { "date": "2026-07-24", "close": 28.37, "volume": 5196399, "typical_volume": 4949577.4, "trend": 31.141643, "fair_value": 27.204662, "relative_strength": -9.518307, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.35392, "energy": 41.581837, "activity_lines": [ 29.416, 29.518909, 30.517061, 30.871486 ] }, { "date": "2026-07-31", "close": 23.36, "volume": 13562394, "typical_volume": 5061088.65, "trend": 30.936704, "fair_value": 27.122933, "relative_strength": -26.089853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.76523, "energy": 78.28958, "activity_lines": [ 27.381333, 28.355091, 29.775881, 30.369445 ] }, { "date": "2026-08-07", "close": 24.21, "volume": 9611227, "typical_volume": 5156946.35, "trend": 30.7028, "fair_value": 27.043636, "relative_strength": -25.733855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.202629, "energy": 88.688158, "activity_lines": [ 26.001333, 27.490909, 29.156551, 29.935464 ] } ], "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." } } }