{ "ticker": { "uuid": "a3f0d197-9af3-46d2-b827-47db1ac3792d", "symbol": "6010", "name": "The National Agricultural Development Company", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -75.405, "architecture_energy": 88.059, "architecture_maturity": 41.243, "architecture_confidence": 81.057, "architecture_tenure": "Established", "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": 1.73, "rotation_up": 8.76, "upward_expansion": 21.2, "deceleration": 37.09, "rotation_down": 83.81, "downward_expansion": 99.2 }, "activity_lines": [ 14.562667, 15.104182, 15.691238, 16.080645 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 14.36, "trend_reference": 16.708, "distance_from_trend": -0.140531, "trend_direction": "Weakening", "fair_value": 23.458751, "distance_from_fair_value": -0.387862, "fair_value_direction": "Weakening", "relative_strength": -20.069087, "relative_strength_direction": "Weakening", "price_momentum": -0.184091, "excess_performance": -0.152261, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.140531, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064676, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.387862, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.052943, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.200691, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005699, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.184091, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.89602, "read": "Supply-led" } ], "volume": { "latest": 2705136, "relative_activity": 0.608016, "balance": 0.89602, "dry_up": 0.681604, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.0503, "annualized_volatility": 0.164255, "from_high_reference": -0.367401, "from_low_reference": 0.024251 }, "levels": { "trend_reference": 16.708, "fair_value_reference": 23.458751, "structural_low": 14.02, "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": 35, "median_return": -0.015072, "positive_rate": 0.371429, "directional_follow_through": 0.628571, "median_excess_return": -0.014982, "regime_survival": 0.885714, "best_return": 0.15712, "worst_return": -0.170334, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.035233, "positive_rate": 0.3, "directional_follow_through": 0.7, "median_excess_return": -0.080211, "regime_survival": 0.6, "best_return": 0.285714, "worst_return": -0.222222, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.050072, "positive_rate": 0.0, "directional_follow_through": 0.8, "median_excess_return": -0.066278, "regime_survival": 0.2, "best_return": 0.0, "worst_return": -0.124701, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.236494, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.145732, "regime_survival": 0.666667, "best_return": 0.826923, "worst_return": -0.25608, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-22", "end": "2023-12-08", "tenure": "Developing", "return": 0.198811, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-03-29", "tenure": "Established", "return": 0.096296, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-05", "end": "2024-05-03", "tenure": "New", "return": 0.214777, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2024-05-31", "tenure": "New", "return": -0.069445, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-08-09", "tenure": "Developing", "return": -0.054007, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2025-02-07", "tenure": "Established", "return": -0.039356, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-21", "tenure": "Developing", "return": -0.098529, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-09-19", "tenure": "Established", "return": -0.154582, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-10", "tenure": "New", "return": 0.00091, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": -0.06295, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.076667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-04-17", "tenure": "Established", "return": -0.085152, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-04-24", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.10418, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 22.950068, "volume": 4857031, "typical_volume": 2075227.8, "trend": 14.845506, "fair_value": 15.186889, "relative_strength": 63.236505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.780379, "energy": 75.174003, "activity_lines": [ 22.709411, 21.157094, 18.600597, 16.903476 ] }, { "date": "2023-08-11", "close": 23.858507, "volume": 7615486, "typical_volume": 2455632.05, "trend": 15.278689, "fair_value": 15.245275, "relative_strength": 66.760446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.846144, "energy": 71.471686, "activity_lines": [ 23.259256, 21.919922, 19.288416, 17.484959 ] }, { "date": "2023-08-18", "close": 23.428196, "volume": 1551198, "typical_volume": 2532782.4, "trend": 15.691153, "fair_value": 15.302589, "relative_strength": 61.301863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.55395, "energy": 67.974846, "activity_lines": [ 23.407476, 22.446296, 19.879016, 18.010734 ] }, { "date": "2023-08-25", "close": 23.332569, "volume": 1659990, "typical_volume": 2615630.45, "trend": 16.10266, "fair_value": 15.356225, "relative_strength": 59.264945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.160708, "energy": 65.645205, "activity_lines": [ 23.43457, 22.82532, 20.41042, 18.503729 ] }, { "date": "2023-09-01", "close": 23.380383, "volume": 1387597, "typical_volume": 2684630.4, "trend": 16.51608, "fair_value": 15.410014, "relative_strength": 56.372991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.014305, "energy": 63.420918, "activity_lines": [ 23.412257, 23.084813, 20.898223, 18.973259 ] }, { "date": "2023-09-08", "close": 21.396156, "volume": 1886602, "typical_volume": 2778371.4, "trend": 16.853159, "fair_value": 15.448173, "relative_strength": 45.099117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.15051, "energy": 49.101119, "activity_lines": [ 22.747661, 22.887912, 21.146962, 19.288103 ] }, { "date": "2023-09-15", "close": 21.563501, "volume": 981221, "typical_volume": 2826895.6, "trend": 17.192948, "fair_value": 15.488936, "relative_strength": 45.482283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.068915, "energy": 39.305472, "activity_lines": [ 22.242441, 22.691445, 21.370429, 19.591996 ] }, { "date": "2023-09-22", "close": 23.356476, "volume": 2585897, "typical_volume": 2955918.65, "trend": 17.592183, "fair_value": 15.542265, "relative_strength": 58.283233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.374077, "energy": 39.092908, "activity_lines": [ 22.487879, 22.792286, 21.724698, 19.989643 ] }, { "date": "2023-09-29", "close": 22.711004, "volume": 4519748, "typical_volume": 3181652.75, "trend": 17.967034, "fair_value": 15.590078, "relative_strength": 50.434133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.724491, "energy": 31.376044, "activity_lines": [ 22.522941, 22.752732, 21.972982, 20.319889 ] }, { "date": "2023-10-06", "close": 22.23288, "volume": 3169325, "typical_volume": 3339677.35, "trend": 18.31766, "fair_value": 15.632987, "relative_strength": 49.178427, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.142147, "energy": 31.117239, "activity_lines": [ 22.440067, 22.619726, 22.138619, 20.595105 ] }, { "date": "2023-10-13", "close": 21.993814, "volume": 2710477, "typical_volume": 3473818.1, "trend": 18.666055, "fair_value": 15.675283, "relative_strength": 48.037496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.294238, "energy": 30.709607, "activity_lines": [ 22.354004, 22.469334, 22.247564, 20.832276 ] }, { "date": "2023-10-20", "close": 22.328505, "volume": 1382506, "typical_volume": 3542325.6, "trend": 19.008713, "fair_value": 15.720337, "relative_strength": 47.293231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.109697, "energy": 24.786575, "activity_lines": [ 22.33966, 22.39718, 22.355598, 21.068563 ] }, { "date": "2023-10-27", "close": 21.922096, "volume": 1991615, "typical_volume": 3641214.2, "trend": 19.309135, "fair_value": 15.762939, "relative_strength": 45.943587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.132439, "energy": 16.119781, "activity_lines": [ 22.138847, 22.278953, 22.390774, 21.256524 ] }, { "date": "2023-11-03", "close": 22.711004, "volume": 3600255, "typical_volume": 3820759.5, "trend": 19.625496, "fair_value": 15.811058, "relative_strength": 43.039476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.819841, "energy": 18.310704, "activity_lines": [ 22.296628, 22.331546, 22.474218, 21.475999 ] }, { "date": "2023-11-10", "close": 20.48, "volume": 3300519, "typical_volume": 3984866.3, "trend": 19.879442, "fair_value": 15.845796, "relative_strength": 27.769154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.883786, "energy": 6.544982, "activity_lines": [ 21.710742, 21.989804, 22.314563, 21.531128 ] }, { "date": "2023-11-17", "close": 20.9, "volume": 4730242, "typical_volume": 3695815.25, "trend": 20.151373, "fair_value": 15.893033, "relative_strength": 26.187666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.414648, "energy": 10.81496, "activity_lines": [ 21.381714, 21.77716, 22.183675, 21.596971 ] }, { "date": "2023-11-24", "close": 22.620001, "volume": 4411830, "typical_volume": 3699600.95, "trend": 20.466294, "fair_value": 15.948537, "relative_strength": 34.904034, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.399089, "energy": 11.598702, "activity_lines": [ 21.698941, 21.886264, 22.211104, 21.756237 ] }, { "date": "2023-12-01", "close": 22.780001, "volume": 4301814, "typical_volume": 3290671.05, "trend": 20.758657, "fair_value": 16.002462, "relative_strength": 32.952847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.731453, "energy": 14.746957, "activity_lines": [ 22.050068, 22.00525, 22.241226, 21.905509 ] }, { "date": "2023-12-08", "close": 28.0, "volume": 20921521, "typical_volume": 4128283.4, "trend": 21.194739, "fair_value": 16.089083, "relative_strength": 59.814768, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 79.549901, "energy": 60.617207, "activity_lines": [ 24.084, 23.083808, 22.765203, 22.372692 ] }, { "date": "2023-12-15", "close": 27.0, "volume": 9269875, "typical_volume": 4341737.45, "trend": 21.591112, "fair_value": 16.170212, "relative_strength": 47.487074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.373687, "energy": 73.734035, "activity_lines": [ 25.432, 23.884384, 23.167049, 22.747225 ] }, { "date": "2023-12-22", "close": 26.700001, "volume": 6714446, "typical_volume": 4434608.2, "trend": 21.977486, "fair_value": 16.247427, "relative_strength": 42.521518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.9922, "energy": 77.132404, "activity_lines": [ 26.245334, 24.543741, 23.524453, 23.076831 ] }, { "date": "2023-12-29", "close": 27.9, "volume": 5181837, "typical_volume": 4312925.75, "trend": 22.402266, "fair_value": 16.335245, "relative_strength": 42.749579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.827662, "energy": 83.096421, "activity_lines": [ 27.072, 25.335711, 23.978286, 23.458928 ] }, { "date": "2024-01-05", "close": 28.0, "volume": 4339992, "typical_volume": 4452365.45, "trend": 22.792926, "fair_value": 16.424777, "relative_strength": 38.508827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.375246, "energy": 79.897266, "activity_lines": [ 27.58, 26.044564, 24.422398, 23.820072 ] }, { "date": "2024-01-12", "close": 25.9, "volume": 9368092, "typical_volume": 4837770.55, "trend": 23.113585, "fair_value": 16.501154, "relative_strength": 26.810368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.999861, "energy": 56.107816, "activity_lines": [ 27.04, 26.261091, 24.644739, 24.020529 ] }, { "date": "2024-01-19", "close": 29.700001, "volume": 13735535, "typical_volume": 5455167.45, "trend": 23.499552, "fair_value": 16.600204, "relative_strength": 44.920165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.073942, "energy": 56.089205, "activity_lines": [ 27.906667, 27.110546, 25.216759, 24.445459 ] }, { "date": "2024-01-26", "close": 29.450001, "volume": 6944274, "typical_volume": 5708051.05, "trend": 23.822998, "fair_value": 16.698571, "relative_strength": 39.132788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.798561, "energy": 54.541936, "activity_lines": [ 28.510001, 27.74691, 25.734876, 24.829359 ] }, { "date": "2024-02-02", "close": 31.450001, "volume": 9202388, "typical_volume": 6119109.4, "trend": 24.205142, "fair_value": 16.808226, "relative_strength": 48.989675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.086444, "energy": 59.466579, "activity_lines": [ 29.596667, 28.591455, 26.405117, 25.321423 ] }, { "date": "2024-02-09", "close": 31.5, "volume": 6384230, "typical_volume": 6309026.05, "trend": 24.518828, "fair_value": 16.920041, "relative_strength": 43.323123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.814133, "energy": 81.291443, "activity_lines": [ 30.463334, 29.284546, 27.033042, 25.792059 ] }, { "date": "2024-02-16", "close": 32.099998, "volume": 9072301, "typical_volume": 6536653.7, "trend": 24.843747, "fair_value": 17.037387, "relative_strength": 40.536678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.677569, "energy": 82.180094, "activity_lines": [ 31.296666, 29.928182, 27.679331, 26.281167 ] }, { "date": "2024-02-23", "close": 34.150002, "volume": 11936251, "typical_volume": 6975000.0, "trend": 25.193172, "fair_value": 17.172472, "relative_strength": 45.259884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.734291, "energy": 87.383909, "activity_lines": [ 32.4, 30.87, 28.476149, 26.881571 ] }, { "date": "2024-03-01", "close": 33.049999, "volume": 5223439, "typical_volume": 7100648.1, "trend": 25.529837, "fair_value": 17.291618, "relative_strength": 38.490703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.524847, "energy": 79.48101, "activity_lines": [ 32.84, 31.481818, 29.111456, 27.388463 ] }, { "date": "2024-03-08", "close": 31.65, "volume": 5626431, "typical_volume": 7312844.35, "trend": 25.789553, "fair_value": 17.397957, "relative_strength": 31.342597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.71051, "energy": 65.168802, "activity_lines": [ 32.573333, 31.723636, 29.560782, 27.783312 ] }, { "date": "2024-03-15", "close": 31.200001, "volume": 19242813, "typical_volume": 8175404.25, "trend": 26.048613, "fair_value": 17.501872, "relative_strength": 26.234579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.132036, "energy": 52.620345, "activity_lines": [ 32.143334, 31.815455, 29.922862, 28.132373 ] }, { "date": "2024-03-22", "close": 32.400002, "volume": 9700194, "typical_volume": 8480401.2, "trend": 26.350861, "fair_value": 17.609495, "relative_strength": 28.322617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.981284, "energy": 46.389089, "activity_lines": [ 32.133334, 32.067273, 30.355048, 28.54214 ] }, { "date": "2024-03-29", "close": 29.6, "volume": 6558598, "typical_volume": 8643305.15, "trend": 26.558181, "fair_value": 17.703001, "relative_strength": 18.452959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.636367, "energy": 28.251813, "activity_lines": [ 31.170001, 31.691819, 30.474429, 28.751762 ] }, { "date": "2024-04-05", "close": 29.1, "volume": 7689822, "typical_volume": 8791284.15, "trend": 26.814976, "fair_value": 17.79514, "relative_strength": 14.024215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.465797, "energy": 21.863533, "activity_lines": [ 30.343334, 31.227273, 30.502762, 28.91575 ] }, { "date": "2024-04-19", "close": 33.900002, "volume": 17974248, "typical_volume": 9469405.05, "trend": 27.226193, "fair_value": 17.916669, "relative_strength": 33.038329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.950436, "energy": 30.114566, "activity_lines": [ 31.380001, 31.641819, 30.949191, 29.372849 ] }, { "date": "2024-04-26", "close": 31.65, "volume": 8600596, "typical_volume": 9684344.15, "trend": 27.502644, "fair_value": 18.02117, "relative_strength": 25.044049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.536489, "energy": 22.362829, "activity_lines": [ 31.516667, 31.602728, 31.12762, 29.658256 ] }, { "date": "2024-05-03", "close": 35.349998, "volume": 10154902, "typical_volume": 9146013.2, "trend": 27.923944, "fair_value": 18.143412, "relative_strength": 36.420117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.093191, "energy": 45.960189, "activity_lines": [ 32.856666, 32.233637, 31.616191, 30.164537 ] }, { "date": "2024-05-10", "close": 32.400002, "volume": 11132880, "typical_volume": 9239163.45, "trend": 28.262848, "fair_value": 18.245365, "relative_strength": 24.139982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.548479, "energy": 43.748681, "activity_lines": [ 33.016667, 32.269091, 31.78881, 30.453315 ] }, { "date": "2024-05-17", "close": 30.85, "volume": 3723340, "typical_volume": 9089608.15, "trend": 28.558054, "fair_value": 18.326042, "relative_strength": 17.768521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.509707, "energy": 32.342129, "activity_lines": [ 32.473334, 32.054546, 31.788096, 30.620228 ] }, { "date": "2024-05-24", "close": 32.0, "volume": 2725316, "typical_volume": 8966782.1, "trend": 28.880437, "fair_value": 18.406275, "relative_strength": 22.745737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.461119, "energy": 28.912891, "activity_lines": [ 32.196667, 32.089091, 31.877143, 30.842289 ] }, { "date": "2024-05-31", "close": 30.15, "volume": 2952202, "typical_volume": 8897392.6, "trend": 29.1547, "fair_value": 18.474342, "relative_strength": 19.240605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.031592, "energy": 13.11681, "activity_lines": [ 31.43, 31.780909, 31.770477, 30.924196 ] }, { "date": "2024-06-07", "close": 28.700001, "volume": 5381898, "typical_volume": 8698082.9, "trend": 29.354334, "fair_value": 18.534188, "relative_strength": 11.84404, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.884693, "energy": 14.826977, "activity_lines": [ 30.28, 31.228182, 31.515477, 30.894861 ] }, { "date": "2024-06-14", "close": 31.65, "volume": 9426690, "typical_volume": 8482640.65, "trend": 29.726667, "fair_value": 18.615395, "relative_strength": 22.645294, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.12322, "energy": 14.064506, "activity_lines": [ 30.556667, 31.279091, 31.528096, 31.042968 ] }, { "date": "2024-06-28", "close": 31.85, "volume": 5935499, "typical_volume": 8432201.9, "trend": 30.091667, "fair_value": 18.695893, "relative_strength": 19.673259, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.506227, "energy": 13.377964, "activity_lines": [ 30.95, 31.329091, 31.550476, 31.179957 ] }, { "date": "2024-07-05", "close": 30.4, "volume": 2366964, "typical_volume": 8090430.7, "trend": 30.351, "fair_value": 18.767402, "relative_strength": 13.921897, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.584815, "energy": 9.122139, "activity_lines": [ 30.793333, 31.065455, 31.423334, 31.19985 ] }, { "date": "2024-07-12", "close": 30.9, "volume": 5820304, "typical_volume": 8062234.4, "trend": 30.621667, "fair_value": 18.842422, "relative_strength": 13.625828, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.463672, "energy": 7.828925, "activity_lines": [ 30.91, 30.956364, 31.34881, 31.235269 ] }, { "date": "2024-07-19", "close": 30.950001, "volume": 4595988, "typical_volume": 7838418.75, "trend": 30.72, "fair_value": 18.918836, "relative_strength": 9.368529, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.18073, "energy": 9.617865, "activity_lines": [ 30.993334, 30.87, 31.281905, 31.256452 ] }, { "date": "2024-07-26", "close": 30.0, "volume": 5463736, "typical_volume": 7514793.0, "trend": 30.82, "fair_value": 18.986709, "relative_strength": 6.902303, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.56131, "energy": 17.645416, "activity_lines": [ 30.61, 30.690909, 31.13, 31.21 ] }, { "date": "2024-08-02", "close": 28.450001, "volume": 3992657, "typical_volume": 7453253.9, "trend": 30.878334, "fair_value": 19.044185, "relative_strength": 0.83169, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.909054, "energy": 40.451602, "activity_lines": [ 29.820001, 30.273637, 30.850238, 31.057097 ] }, { "date": "2024-08-09", "close": 27.15, "volume": 10395761, "typical_volume": 7691720.4, "trend": 30.853334, "fair_value": 19.097313, "relative_strength": -0.920722, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -77.223551, "energy": 69.455108, "activity_lines": [ 28.823334, 29.663637, 30.468572, 30.816559 ] }, { "date": "2024-08-16", "close": 27.950001, "volume": 4847715, "typical_volume": 6971965.5, "trend": 30.851667, "fair_value": 19.157101, "relative_strength": -0.391184, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.085908, "energy": 72.021668, "activity_lines": [ 28.310001, 29.287273, 30.184524, 30.629248 ] }, { "date": "2024-08-23", "close": 29.4, "volume": 7152204, "typical_volume": 6844566.0, "trend": 30.968334, "fair_value": 19.225418, "relative_strength": 2.106716, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.027022, "energy": 66.211336, "activity_lines": [ 28.476667, 29.214546, 30.054048, 30.535592 ] }, { "date": "2024-08-30", "close": 28.1, "volume": 5722405, "typical_volume": 6802756.35, "trend": 30.915, "fair_value": 19.287854, "relative_strength": -2.225468, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.49687, "energy": 62.505469, "activity_lines": [ 28.313334, 28.892728, 29.814048, 30.350538 ] }, { "date": "2024-09-06", "close": 27.25, "volume": 8248949, "typical_volume": 6830712.7, "trend": 30.841667, "fair_value": 19.348212, "relative_strength": -4.98462, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.435855, "energy": 53.859557, "activity_lines": [ 27.993333, 28.480909, 29.500238, 30.114086 ] }, { "date": "2024-09-13", "close": 28.5, "volume": 5718431, "typical_volume": 6217921.85, "trend": 30.743334, "fair_value": 19.420874, "relative_strength": 1.224478, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.443758, "energy": 38.18636, "activity_lines": [ 28.17, 28.38, 29.314286, 29.963011 ] }, { "date": "2024-09-20", "close": 29.0, "volume": 9003936, "typical_volume": 6238088.85, "trend": 30.66, "fair_value": 19.496128, "relative_strength": 0.570867, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.646393, "energy": 33.81384, "activity_lines": [ 28.423333, 28.404546, 29.201667, 29.850538 ] }, { "date": "2024-09-27", "close": 28.549999, "volume": 3979211, "typical_volume": 5929304.3, "trend": 30.541667, "fair_value": 19.562674, "relative_strength": -3.631147, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.72036, "energy": 30.39691, "activity_lines": [ 28.456666, 28.381818, 29.05881, 29.714409 ] }, { "date": "2024-10-04", "close": 27.1, "volume": 5102008, "typical_volume": 5627760.7, "trend": 30.306667, "fair_value": 19.619772, "relative_strength": -5.438541, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.604779, "energy": 38.397558, "activity_lines": [ 28.063333, 28.139091, 28.810238, 29.492366 ] }, { "date": "2024-10-11", "close": 27.450001, "volume": 4969507, "typical_volume": 5690069.05, "trend": 30.12, "fair_value": 19.679573, "relative_strength": -4.68945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.134726, "energy": 38.39251, "activity_lines": [ 27.853333, 28.012727, 28.620238, 29.308065 ] }, { "date": "2024-10-18", "close": 27.450001, "volume": 4524180, "typical_volume": 5780012.25, "trend": 29.98, "fair_value": 19.741367, "relative_strength": -4.178907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.022043, "energy": 44.061439, "activity_lines": [ 27.63, 27.904546, 28.446429, 29.135807 ] }, { "date": "2024-10-25", "close": 26.700001, "volume": 5259888, "typical_volume": 5895396.55, "trend": 29.83, "fair_value": 19.800651, "relative_strength": -6.755168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.132623, "energy": 55.578738, "activity_lines": [ 27.226667, 27.654546, 28.222857, 28.924194 ] }, { "date": "2024-11-01", "close": 26.5, "volume": 2914675, "typical_volume": 5772035.4, "trend": 29.633334, "fair_value": 19.860033, "relative_strength": -8.580206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.069594, "energy": 60.009555, "activity_lines": [ 26.910001, 27.390909, 27.996667, 28.709355 ] }, { "date": "2024-11-08", "close": 26.1, "volume": 3764138, "typical_volume": 5488907.8, "trend": 29.516667, "fair_value": 19.919762, "relative_strength": -10.79943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.767042, "energy": 70.762444, "activity_lines": [ 26.596667, 27.107273, 27.742857, 28.481398 ] }, { "date": "2024-11-15", "close": 24.1, "volume": 7523376, "typical_volume": 5568301.65, "trend": 29.35, "fair_value": 19.967131, "relative_strength": -15.229285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.425913, "energy": 86.020086, "activity_lines": [ 25.683334, 26.496364, 27.325, 28.131936 ] }, { "date": "2024-11-22", "close": 23.82, "volume": 7357259, "typical_volume": 5817816.4, "trend": 29.014, "fair_value": 20.011019, "relative_strength": -16.6448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.858612, "energy": 91.922115, "activity_lines": [ 24.9, 25.891818, 26.917381, 27.775162 ] }, { "date": "2024-11-29", "close": 24.02, "volume": 7598955, "typical_volume": 5906748.95, "trend": 28.759667, "fair_value": 20.058487, "relative_strength": -14.627222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.655574, "energy": 90.171014, "activity_lines": [ 24.425333, 25.408727, 26.560143, 27.452968 ] }, { "date": "2024-12-06", "close": 26.200001, "volume": 15204081, "typical_volume": 6437153.6, "trend": 28.454667, "fair_value": 20.124528, "relative_strength": -9.257619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.161396, "energy": 75.212455, "activity_lines": [ 24.856, 25.412546, 26.443286, 27.287828 ] }, { "date": "2024-12-13", "close": 25.9, "volume": 8326678, "typical_volume": 6580300.7, "trend": 28.238, "fair_value": 20.184814, "relative_strength": -11.610405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.862564, "energy": 51.502349, "activity_lines": [ 25.206667, 25.404546, 26.320476, 27.123011 ] }, { "date": "2024-12-20", "close": 25.549999, "volume": 6794620, "typical_volume": 6720398.85, "trend": 28.061334, "fair_value": 20.247454, "relative_strength": -11.043594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.529233, "energy": 35.546657, "activity_lines": [ 25.454, 25.354727, 26.183857, 26.949592 ] }, { "date": "2024-12-27", "close": 24.959999, "volume": 6275315, "typical_volume": 6514376.55, "trend": 27.826667, "fair_value": 20.314587, "relative_strength": -12.69319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.918182, "energy": 29.341396, "activity_lines": [ 25.408, 25.232182, 26.004857, 26.749505 ] }, { "date": "2025-01-03", "close": 24.139999, "volume": 7813553, "typical_volume": 6662668.45, "trend": 27.626333, "fair_value": 20.373092, "relative_strength": -17.057065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.990095, "energy": 41.720268, "activity_lines": [ 25.012666, 25.005818, 25.75819, 26.511656 ] }, { "date": "2025-01-10", "close": 24.280001, "volume": 6005812, "typical_volume": 6605348.85, "trend": 27.479, "fair_value": 20.42989, "relative_strength": -16.321251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.249311, "energy": 49.797504, "activity_lines": [ 24.656, 24.851454, 25.543, 26.295764 ] }, { "date": "2025-01-17", "close": 25.65, "volume": 12496306, "typical_volume": 6944043.9, "trend": 27.279, "fair_value": 20.498688, "relative_strength": -12.59257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.259905, "energy": 41.523082, "activity_lines": [ 24.884, 24.986545, 25.482667, 26.177763 ] }, { "date": "2025-01-24", "close": 25.049999, "volume": 7397913, "typical_volume": 6901492.1, "trend": 27.052333, "fair_value": 20.566244, "relative_strength": -15.239339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.597926, "energy": 38.606921, "activity_lines": [ 24.928666, 25.020727, 25.376857, 26.033957 ] }, { "date": "2025-01-31", "close": 25.6, "volume": 4559129, "typical_volume": 6843527.0, "trend": 26.892333, "fair_value": 20.631657, "relative_strength": -13.513988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.511424, "energy": 23.848162, "activity_lines": [ 25.19, 25.137636, 25.333905, 25.940258 ] }, { "date": "2025-02-07", "close": 26.85, "volume": 19445881, "typical_volume": 7365624.25, "trend": 26.757333, "fair_value": 20.704162, "relative_strength": -9.231121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.616031, "energy": 11.282981, "activity_lines": [ 25.825333, 25.449454, 25.423809, 25.937527 ] }, { "date": "2025-02-14", "close": 27.200001, "volume": 12562523, "typical_volume": 7794789.85, "trend": 26.632333, "fair_value": 20.77646, "relative_strength": -7.355119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.250782, "energy": 22.184029, "activity_lines": [ 26.396667, 25.773455, 25.557286, 25.966086 ] }, { "date": "2025-02-21", "close": 26.950001, "volume": 9696728, "typical_volume": 8024525.85, "trend": 26.530667, "fair_value": 20.8493, "relative_strength": -7.92679, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.080912, "energy": 31.88002, "activity_lines": [ 26.690001, 26.033818, 25.673381, 25.986581 ] }, { "date": "2025-02-28", "close": 25.299999, "volume": 9685675, "typical_volume": 8260334.25, "trend": 26.425667, "fair_value": 20.911717, "relative_strength": -11.244063, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.51378, "energy": 20.447077, "activity_lines": [ 26.346667, 25.975091, 25.633048, 25.907183 ] }, { "date": "2025-03-07", "close": 24.440001, "volume": 14402431, "typical_volume": 8754246.8, "trend": 26.335333, "fair_value": 20.969846, "relative_strength": -11.619918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.848041, "energy": 17.738935, "activity_lines": [ 25.7, 25.764546, 25.521048, 25.779075 ] }, { "date": "2025-03-14", "close": 23.940001, "volume": 7638893, "typical_volume": 8873197.05, "trend": 26.201667, "fair_value": 21.026763, "relative_strength": -12.384991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.375006, "energy": 37.208382, "activity_lines": [ 24.964001, 25.472546, 25.375762, 25.624538 ] }, { "date": "2025-03-21", "close": 24.52, "volume": 4401906, "typical_volume": 8947558.6, "trend": 26.039, "fair_value": 21.094294, "relative_strength": -10.205478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.153287, "energy": 45.120154, "activity_lines": [ 24.615334, 25.289637, 25.298857, 25.516043 ] }, { "date": "2025-03-28", "close": 25.1, "volume": 3863746, "typical_volume": 8952539.0, "trend": 25.939, "fair_value": 21.162478, "relative_strength": -9.8333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.191035, "energy": 51.182295, "activity_lines": [ 24.638667, 25.207818, 25.286619, 25.455462 ] }, { "date": "2025-04-04", "close": 24.9, "volume": 631486, "typical_volume": 8607944.5, "trend": 25.860667, "fair_value": 21.22846, "relative_strength": -9.156286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.556268, "energy": 52.675478, "activity_lines": [ 24.718667, 25.099637, 25.260095, 25.38843 ] }, { "date": "2025-04-11", "close": 22.52, "volume": 7693867, "typical_volume": 8624774.9, "trend": 25.661333, "fair_value": 21.281485, "relative_strength": -14.841888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.959214, "energy": 62.891673, "activity_lines": [ 24.032, 24.561455, 25.003095, 25.172903 ] }, { "date": "2025-04-18", "close": 23.120001, "volume": 4368744, "typical_volume": 8463264.35, "trend": 25.465333, "fair_value": 21.336976, "relative_strength": -12.743687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.096718, "energy": 61.250651, "activity_lines": [ 23.673334, 24.188364, 24.809429, 25.008946 ] }, { "date": "2025-04-25", "close": 23.200001, "volume": 5017277, "typical_volume": 7953924.15, "trend": 25.287, "fair_value": 21.392827, "relative_strength": -13.478763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.688122, "energy": 67.741384, "activity_lines": [ 23.396001, 23.897637, 24.627667, 24.862796 ] }, { "date": "2025-05-02", "close": 22.02, "volume": 11967960, "typical_volume": 8135988.25, "trend": 25.117667, "fair_value": 21.425636, "relative_strength": -15.829747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.709335, "energy": 79.869955, "activity_lines": [ 22.813334, 23.465091, 24.34781, 24.652022 ] }, { "date": "2025-05-09", "close": 21.200001, "volume": 8210738, "typical_volume": 8206794.15, "trend": 24.909334, "fair_value": 21.455641, "relative_strength": -16.981894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.816886, "energy": 85.600577, "activity_lines": [ 22.162667, 22.973091, 24.008334, 24.399269 ] }, { "date": "2025-05-16", "close": 21.58, "volume": 9155224, "typical_volume": 8350789.6, "trend": 24.713667, "fair_value": 21.492219, "relative_strength": -15.837368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.389129, "energy": 82.074695, "activity_lines": [ 21.885334, 22.624728, 23.725762, 24.184473 ] }, { "date": "2025-05-23", "close": 21.059999, "volume": 2314999, "typical_volume": 8075861.9, "trend": 24.525667, "fair_value": 21.528836, "relative_strength": -15.217898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.874134, "energy": 86.455799, "activity_lines": [ 21.497333, 22.233818, 23.409762, 23.948753 ] }, { "date": "2025-05-30", "close": 21.299999, "volume": 6176955, "typical_volume": 8084419.05, "trend": 24.352333, "fair_value": 21.572814, "relative_strength": -12.149196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.786494, "energy": 83.66236, "activity_lines": [ 21.326666, 21.938909, 23.131286, 23.740645 ] }, { "date": "2025-06-06", "close": 20.42, "volume": 4299403, "typical_volume": 7674573.9, "trend": 24.163, "fair_value": 21.61207, "relative_strength": -15.321831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.758608, "energy": 84.106317, "activity_lines": [ 20.989333, 21.542545, 22.783191, 23.486946 ] }, { "date": "2025-06-13", "close": 19.799999, "volume": 3324051, "typical_volume": 7470880.8, "trend": 24.019667, "fair_value": 21.646586, "relative_strength": -16.171125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.474161, "energy": 88.170483, "activity_lines": [ 20.551999, 21.118545, 22.400952, 23.205462 ] }, { "date": "2025-06-20", "close": 19.26, "volume": 5577932, "typical_volume": 7521820.95, "trend": 23.867667, "fair_value": 21.675495, "relative_strength": -15.993067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.846985, "energy": 84.5531, "activity_lines": [ 20.028, 20.689091, 21.992286, 22.898387 ] }, { "date": "2025-06-27", "close": 21.0, "volume": 4134176, "typical_volume": 6756235.7, "trend": 23.767, "fair_value": 21.708509, "relative_strength": -11.546225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.848734, "energy": 60.961543, "activity_lines": [ 20.238666, 20.635272, 21.779524, 22.713376 ] }, { "date": "2025-07-04", "close": 21.65, "volume": 5260716, "typical_volume": 6391145.35, "trend": 23.615333, "fair_value": 21.749214, "relative_strength": -9.684865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.460911, "energy": 50.609566, "activity_lines": [ 20.67, 20.738182, 21.656524, 22.576796 ] }, { "date": "2025-07-11", "close": 21.82, "volume": 4701082, "typical_volume": 6141363.05, "trend": 23.479333, "fair_value": 21.792541, "relative_strength": -8.673048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.31622, "energy": 36.507363, "activity_lines": [ 21.134667, 20.900182, 21.576143, 22.460968 ] }, { "date": "2025-07-18", "close": 21.4, "volume": 2230925, "typical_volume": 5768625.55, "trend": 23.341, "fair_value": 21.833329, "relative_strength": -7.736031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.670041, "energy": 28.113247, "activity_lines": [ 21.366, 20.989454, 21.48019, 22.326817 ] }, { "date": "2025-07-25", "close": 20.9, "volume": 2515544, "typical_volume": 5174281.2, "trend": 23.205667, "fair_value": 21.872904, "relative_strength": -8.901608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.587245, "energy": 26.208813, "activity_lines": [ 21.324, 20.984182, 21.35519, 22.169333 ] }, { "date": "2025-08-01", "close": 20.58, "volume": 3019871, "typical_volume": 4943330.1, "trend": 23.087, "fair_value": 21.914412, "relative_strength": -9.691253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.900297, "energy": 28.717268, "activity_lines": [ 21.066, 20.933091, 21.216571, 21.999935 ] }, { "date": "2025-08-08", "close": 21.1, "volume": 2323900, "typical_volume": 4839429.8, "trend": 22.981, "fair_value": 21.956342, "relative_strength": -7.155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.929155, "energy": 29.044013, "activity_lines": [ 21.009333, 20.985273, 21.143476, 21.871742 ] }, { "date": "2025-08-15", "close": 21.34, "volume": 2563667, "typical_volume": 4774425.85, "trend": 22.837333, "fair_value": 22.000883, "relative_strength": -4.930095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.189337, "energy": 30.44854, "activity_lines": [ 21.069333, 21.084727, 21.109524, 21.765871 ] }, { "date": "2025-08-22", "close": 21.09, "volume": 1555294, "typical_volume": 4820616.25, "trend": 22.705333, "fair_value": 22.038917, "relative_strength": -5.920698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.102533, "energy": 24.299901, "activity_lines": [ 21.078, 21.122, 21.069667, 21.65314 ] }, { "date": "2025-08-29", "close": 20.870001, "volume": 1946209, "typical_volume": 4533233.35, "trend": 22.547667, "fair_value": 22.075235, "relative_strength": -5.409721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.321204, "energy": 22.376211, "activity_lines": [ 21.034, 21.095818, 21.027, 21.534731 ] }, { "date": "2025-09-05", "close": 20.690001, "volume": 2707496, "typical_volume": 4450170.95, "trend": 22.342333, "fair_value": 22.110246, "relative_strength": -5.27546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.263529, "energy": 24.533325, "activity_lines": [ 20.932001, 21.007637, 20.975048, 21.414882 ] }, { "date": "2025-09-12", "close": 20.639999, "volume": 2499880, "typical_volume": 4324301.1, "trend": 22.123667, "fair_value": 22.148154, "relative_strength": -3.281307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.901971, "energy": 31.424817, "activity_lines": [ 20.806, 20.916, 20.929905, 21.305054 ] }, { "date": "2025-09-19", "close": 21.219999, "volume": 2882260, "typical_volume": 3870016.1, "trend": 21.932667, "fair_value": 22.190853, "relative_strength": -3.191203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.987298, "energy": 27.163513, "activity_lines": [ 20.904, 20.948182, 20.95219, 21.246753 ] }, { "date": "2025-09-26", "close": 21.969999, "volume": 3098719, "typical_volume": 3614415.15, "trend": 21.821667, "fair_value": 22.240352, "relative_strength": -4.11399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.620894, "energy": 2.868915, "activity_lines": [ 21.259999, 21.127636, 21.049714, 21.249161 ] }, { "date": "2025-10-03", "close": 22.299999, "volume": 4500514, "typical_volume": 3381679.65, "trend": 21.750333, "fair_value": 22.295951, "relative_strength": -3.964498, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.81908, "energy": 22.633024, "activity_lines": [ 21.667332, 21.356727, 21.175, 21.280021 ] }, { "date": "2025-10-10", "close": 21.99, "volume": 4104203, "typical_volume": 3471139.85, "trend": 21.685333, "fair_value": 22.35416, "relative_strength": -5.665188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.790127, "energy": 36.71418, "activity_lines": [ 21.875999, 21.504, 21.267333, 21.295484 ] }, { "date": "2025-10-17", "close": 22.24, "volume": 2265004, "typical_volume": 3275542.3, "trend": 21.609333, "fair_value": 22.417802, "relative_strength": -5.150582, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.922771, "energy": 52.801622, "activity_lines": [ 22.081333, 21.671091, 21.379047, 21.331269 ] }, { "date": "2025-10-24", "close": 21.629999, "volume": 1686529, "typical_volume": 3144898.6, "trend": 21.493667, "fair_value": 22.474163, "relative_strength": -6.734478, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.501695, "energy": 46.838318, "activity_lines": [ 21.976666, 21.706545, 21.42819, 21.332602 ] }, { "date": "2025-10-31", "close": 20.84, "volume": 4732705, "typical_volume": 3215331.3, "trend": 21.358333, "fair_value": 22.528065, "relative_strength": -10.121076, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -1.541855, "energy": 7.089112, "activity_lines": [ 21.581333, 21.59309, 21.396333, 21.29043 ] }, { "date": "2025-11-07", "close": 21.0, "volume": 3537556, "typical_volume": 3113312.5, "trend": 21.307667, "fair_value": 22.582073, "relative_strength": -6.332545, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.569524, "energy": 9.397228, "activity_lines": [ 21.314666, 21.513272, 21.374762, 21.267312 ] }, { "date": "2025-11-14", "close": 19.959999, "volume": 4613859, "typical_volume": 3137296.65, "trend": 21.202333, "fair_value": 22.630334, "relative_strength": -9.75228, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.952768, "energy": 36.159407, "activity_lines": [ 20.788, 21.242, 21.245857, 21.180365 ] }, { "date": "2025-11-21", "close": 19.389999, "volume": 6847803, "typical_volume": 3216651.0, "trend": 21.075333, "fair_value": 22.675861, "relative_strength": -10.782147, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.152188, "energy": 65.077392, "activity_lines": [ 20.206666, 20.880363, 21.067619, 21.063441 ] }, { "date": "2025-11-28", "close": 18.790001, "volume": 5495590, "typical_volume": 3256376.4, "trend": 20.967666, "fair_value": 22.720484, "relative_strength": -10.276692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.899068, "energy": 85.076323, "activity_lines": [ 19.615333, 20.432363, 20.843, 20.916 ] }, { "date": "2025-12-05", "close": 18.42, "volume": 4512714, "typical_volume": 3370465.85, "trend": 20.875, "fair_value": 22.763348, "relative_strength": -11.523744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.920246, "energy": 89.991202, "activity_lines": [ 19.09, 19.961273, 20.597571, 20.751634 ] }, { "date": "2025-12-12", "close": 18.459999, "volume": 2644254, "typical_volume": 3376901.35, "trend": 20.771, "fair_value": 22.809226, "relative_strength": -11.712719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.692694, "energy": 89.77809, "activity_lines": [ 18.739333, 19.562, 20.370143, 20.595828 ] }, { "date": "2025-12-19", "close": 18.360001, "volume": 2705262, "typical_volume": 3361170.9, "trend": 20.681, "fair_value": 22.854464, "relative_strength": -9.609514, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.904191, "energy": 89.423815, "activity_lines": [ 18.524667, 19.214364, 20.144809, 20.440279 ] }, { "date": "2025-12-26", "close": 18.4, "volume": 1923731, "typical_volume": 3341162.45, "trend": 20.584333, "fair_value": 22.904801, "relative_strength": -9.746656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.878172, "energy": 86.928633, "activity_lines": [ 18.43, 18.94, 19.933857, 20.293118 ] }, { "date": "2026-01-02", "close": 18.73, "volume": 3544685, "typical_volume": 3390213.35, "trend": 20.528, "fair_value": 22.962463, "relative_strength": -8.128331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.566814, "energy": 74.98852, "activity_lines": [ 18.511333, 18.795455, 19.76719, 20.173484 ] }, { "date": "2026-01-09", "close": 18.4, "volume": 1637657, "typical_volume": 3394331.5, "trend": 20.481333, "fair_value": 23.016049, "relative_strength": -8.866541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.434639, "energy": 61.777254, "activity_lines": [ 18.486667, 18.643636, 19.581524, 20.036193 ] }, { "date": "2026-01-16", "close": 19.0, "volume": 3080236, "typical_volume": 3451032.85, "trend": 20.472667, "fair_value": 23.075258, "relative_strength": -8.589727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.348682, "energy": 47.467872, "activity_lines": [ 18.663333, 18.645273, 19.465809, 19.940624 ] }, { "date": "2026-01-23", "close": 19.379999, "volume": 2103534, "typical_volume": 3420834.75, "trend": 20.418666, "fair_value": 23.129854, "relative_strength": -9.140675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.440706, "energy": 36.020312, "activity_lines": [ 18.930666, 18.752363, 19.39519, 19.870129 ] }, { "date": "2026-01-30", "close": 19.780001, "volume": 4033940, "typical_volume": 3497537.75, "trend": 20.356333, "fair_value": 23.185788, "relative_strength": -8.993889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.703957, "energy": 25.727986, "activity_lines": [ 19.263333, 18.942727, 19.368905, 19.828925 ] }, { "date": "2026-02-06", "close": 17.6, "volume": 9162594, "typical_volume": 3811554.45, "trend": 20.215667, "fair_value": 23.228177, "relative_strength": -17.135151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.452504, "energy": 36.199852, "activity_lines": [ 18.777333, 18.729636, 19.139095, 19.651097 ] }, { "date": "2026-02-13", "close": 17.75, "volume": 3615640, "typical_volume": 3837400.5, "trend": 20.094, "fair_value": 23.271589, "relative_strength": -16.373287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.202074, "energy": 48.818596, "activity_lines": [ 18.416667, 18.565455, 18.940809, 19.492021 ] }, { "date": "2026-02-20", "close": 17.25, "volume": 3475132, "typical_volume": 3786131.4, "trend": 19.972333, "fair_value": 23.309834, "relative_strength": -15.954106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.26352, "energy": 69.291489, "activity_lines": [ 17.932667, 18.322545, 18.715, 19.308538 ] }, { "date": "2026-02-27", "close": 17.200001, "volume": 2039177, "typical_volume": 3682880.1, "trend": 19.859667, "fair_value": 23.347207, "relative_strength": -13.907341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.825075, "energy": 86.409138, "activity_lines": [ 17.548667, 18.092546, 18.508476, 19.129677 ] }, { "date": "2026-03-06", "close": 16.92, "volume": 4530227, "typical_volume": 3796141.25, "trend": 19.720333, "fair_value": 23.382723, "relative_strength": -15.402343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.121766, "energy": 86.840577, "activity_lines": [ 17.216667, 17.832727, 18.298095, 18.940021 ] }, { "date": "2026-03-13", "close": 16.77, "volume": 2493580, "typical_volume": 3836493.8, "trend": 19.568, "fair_value": 23.416727, "relative_strength": -16.618661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.020966, "energy": 84.85968, "activity_lines": [ 17.025334, 17.572546, 18.098762, 18.749677 ] }, { "date": "2026-03-20", "close": 16.99, "volume": 518712, "typical_volume": 3625794.15, "trend": 19.431333, "fair_value": 23.450546, "relative_strength": -15.464576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.896769, "energy": 71.450969, "activity_lines": [ 16.962667, 17.388, 17.943524, 18.583355 ] }, { "date": "2026-03-27", "close": 17.190001, "volume": 1531936, "typical_volume": 3525513.15, "trend": 19.308667, "fair_value": 23.486752, "relative_strength": -15.102768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.180957, "energy": 56.056963, "activity_lines": [ 17.017334, 17.265455, 17.825667, 18.438753 ] }, { "date": "2026-04-03", "close": 17.49, "volume": 2636929, "typical_volume": 3426666.65, "trend": 19.202, "fair_value": 23.521631, "relative_strength": -14.496641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.049711, "energy": 47.395998, "activity_lines": [ 17.176, 17.230364, 17.754524, 18.321419 ] }, { "date": "2026-04-10", "close": 16.969999, "volume": 3083999, "typical_volume": 3238476.45, "trend": 19.079667, "fair_value": 23.547661, "relative_strength": -17.180619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.73689, "energy": 40.631102, "activity_lines": [ 17.142, 17.135091, 17.645619, 18.177419 ] }, { "date": "2026-04-17", "close": 17.190001, "volume": 2934106, "typical_volume": 3110402.25, "trend": 18.945333, "fair_value": 23.573108, "relative_strength": -17.186243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.027259, "energy": 34.963994, "activity_lines": [ 17.178, 17.130909, 17.569191, 18.055505 ] }, { "date": "2026-04-24", "close": 16.870001, "volume": 2009315, "typical_volume": 2985232.3, "trend": 18.775333, "fair_value": 23.598803, "relative_strength": -15.063247, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -51.570851, "energy": 37.258711, "activity_lines": [ 17.079334, 17.076, 17.469905, 17.921613 ] }, { "date": "2026-05-01", "close": 16.030001, "volume": 3993026, "typical_volume": 3052670.9, "trend": 18.566333, "fair_value": 23.61988, "relative_strength": -19.444321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.633446, "energy": 54.631314, "activity_lines": [ 16.708667, 16.884364, 17.298, 17.744495 ] }, { "date": "2026-05-08", "close": 15.72, "volume": 5676714, "typical_volume": 3201243.5, "trend": 18.357333, "fair_value": 23.63621, "relative_strength": -19.499202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.878204, "energy": 84.086682, "activity_lines": [ 16.312001, 16.658546, 17.108143, 17.56086 ] }, { "date": "2026-05-15", "close": 16.290001, "volume": 18076777, "typical_volume": 4008895.8, "trend": 18.159, "fair_value": 23.650832, "relative_strength": -15.945146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.890932, "energy": 67.551327, "activity_lines": [ 16.223334, 16.563273, 16.985143, 17.427484 ] }, { "date": "2026-05-22", "close": 16.799999, "volume": 9175936, "typical_volume": 4290458.35, "trend": 17.998, "fair_value": 23.662899, "relative_strength": -13.226248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.707189, "energy": 55.247704, "activity_lines": [ 16.35, 16.572182, 16.920762, 17.339807 ] }, { "date": "2026-05-29", "close": 16.799999, "volume": 0, "typical_volume": 4208575.5, "trend": 17.863333, "fair_value": 23.67374, "relative_strength": -12.830387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.203336, "energy": 41.479601, "activity_lines": [ 16.502666, 16.580545, 16.865572, 17.262516 ] }, { "date": "2026-06-05", "close": 16.690001, "volume": 3983414, "typical_volume": 4253734.4, "trend": 17.719667, "fair_value": 23.683876, "relative_strength": -12.785466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.910865, "energy": 27.082678, "activity_lines": [ 16.623333, 16.572364, 16.807524, 17.186817 ] }, { "date": "2026-06-12", "close": 16.34, "volume": 3904501, "typical_volume": 4343782.75, "trend": 17.599, "fair_value": 23.691461, "relative_strength": -14.686603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.593651, "energy": 26.731423, "activity_lines": [ 16.583333, 16.509637, 16.727143, 17.097807 ] }, { "date": "2026-06-19", "close": 16.1, "volume": 5587163, "typical_volume": 4421443.9, "trend": 17.489334, "fair_value": 23.690306, "relative_strength": -16.196231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.850518, "energy": 36.454302, "activity_lines": [ 16.422, 16.424182, 16.638381, 17.001097 ] }, { "date": "2026-06-26", "close": 15.98, "volume": 5390412, "typical_volume": 4232834.8, "trend": 17.395667, "fair_value": 23.688382, "relative_strength": -14.978937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.398405, "energy": 42.163536, "activity_lines": [ 16.233333, 16.332727, 16.555714, 16.903721 ] }, { "date": "2026-07-03", "close": 15.98, "volume": 3724220, "typical_volume": 4238263.8, "trend": 17.314333, "fair_value": 23.674658, "relative_strength": -13.710742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.398358, "energy": 51.560306, "activity_lines": [ 16.099333, 16.263273, 16.480762, 16.812387 ] }, { "date": "2026-07-10", "close": 15.67, "volume": 5143842, "typical_volume": 4321699.3, "trend": 17.221334, "fair_value": 23.648525, "relative_strength": -14.77461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.566179, "energy": 62.183785, "activity_lines": [ 15.916667, 16.153636, 16.384714, 16.706301 ] }, { "date": "2026-07-17", "close": 15.47, "volume": 2306526, "typical_volume": 4335066.75, "trend": 17.125, "fair_value": 23.619579, "relative_strength": -14.687187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.204357, "energy": 67.478126, "activity_lines": [ 15.735333, 16.014182, 16.277143, 16.593312 ] }, { "date": "2026-07-24", "close": 14.61, "volume": 4238738, "typical_volume": 4320492.3, "trend": 16.998667, "fair_value": 23.571634, "relative_strength": -19.464728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.003862, "energy": 78.993775, "activity_lines": [ 15.325333, 15.722909, 16.095905, 16.431054 ] }, { "date": "2026-07-31", "close": 14.05, "volume": 2879752, "typical_volume": 4339800.9, "trend": 16.842667, "fair_value": 23.518413, "relative_strength": -20.492281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.138087, "energy": 90.361925, "activity_lines": [ 14.828, 15.360364, 15.872333, 16.240817 ] }, { "date": "2026-08-07", "close": 14.36, "volume": 2705136, "typical_volume": 4449122.1, "trend": 16.708, "fair_value": 23.458751, "relative_strength": -20.069087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.405003, "energy": 88.059212, "activity_lines": [ 14.562667, 15.104182, 15.691238, 16.080645 ] } ], "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." } } }