{ "ticker": { "uuid": "a4cef1c1-11e0-4bba-95ee-456c5e60f0c9", "symbol": "HYPE3", "name": "Hypera S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "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": -36.34, "architecture_energy": 21.107, "architecture_maturity": 62.175, "architecture_confidence": 75.914, "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": 46.79, "rotation_up": 23.21, "upward_expansion": 13.4, "deceleration": 44.54, "rotation_down": 31.02, "downward_expansion": 58.74 }, "activity_lines": [ 21.150667, 21.046148, 21.392169, 21.705016 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 21.6, "trend_reference": 22.225371, "distance_from_trend": -0.028138, "trend_direction": "Weakening", "fair_value": 24.604885, "distance_from_fair_value": -0.122126, "fair_value_direction": "Weakening", "relative_strength": -8.51865, "relative_strength_direction": "Improving", "price_momentum": -0.076243, "excess_performance": -0.019195, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.028138, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.042729, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.122126, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.007801, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.085186, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.091272, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.076243, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.628661, "read": "Supply-led" } ], "volume": { "latest": 13248100, "relative_activity": 1.04401, "balance": 0.628661, "dry_up": 1.169374, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.057303, "annualized_volatility": 0.237965, "from_high_reference": -0.203994, "from_low_reference": 0.090606 }, "levels": { "trend_reference": 22.225371, "fair_value_reference": 24.604885, "structural_low": 19.805496, "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": 28, "median_return": 0.00291, "positive_rate": 0.535714, "directional_follow_through": 0.464286, "median_excess_return": -0.012294, "regime_survival": 0.785714, "best_return": 0.204414, "worst_return": -0.152239, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.012351, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.035368, "regime_survival": 0.6, "best_return": 0.293402, "worst_return": -0.189973, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.066428, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.093039, "regime_survival": 0.4, "best_return": 0.377283, "worst_return": -0.071081, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.136868, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.294646, "regime_survival": 0.0, "best_return": 0.800855, "worst_return": -0.258474, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-04-12", "tenure": "Developing", "return": -0.116325, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-19", "end": "2024-08-09", "tenure": "Established", "return": 0.051294, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-09-27", "tenure": "Developing", "return": -0.13224, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-04", "end": "2025-03-07", "tenure": "Established", "return": -0.259066, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.003569, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": -0.041198, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-01", "tenure": "Developing", "return": 0.049622, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-10-10", "tenure": "Developing", "return": -0.08078, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.177757, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": 0.030584, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": -0.060365, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": -0.051648, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.000452, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.060461, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 36.57481, "volume": 12575400, "typical_volume": 18439585.0, "trend": 36.844971, "fair_value": 31.30892, "relative_strength": -6.692141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.03222, "energy": 17.817275, "activity_lines": [ 38.142047, 38.769727, 38.096058, 37.28197 ] }, { "date": "2023-08-25", "close": 35.417492, "volume": 15478700, "typical_volume": 17467500.0, "trend": 36.728513, "fair_value": 31.363515, "relative_strength": -9.849705, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.584505, "energy": 15.93324, "activity_lines": [ 37.097811, 38.099493, 37.962412, 37.189874 ] }, { "date": "2023-09-01", "close": 35.161297, "volume": 21541200, "typical_volume": 16910015.0, "trend": 36.597126, "fair_value": 31.42349, "relative_strength": -11.858245, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.105577, "energy": 33.486423, "activity_lines": [ 36.236156, 37.459844, 37.793858, 37.088763 ] }, { "date": "2023-09-08", "close": 33.968636, "volume": 8613200, "typical_volume": 16620655.0, "trend": 36.408273, "fair_value": 31.484124, "relative_strength": -12.748642, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.908916, "energy": 54.410933, "activity_lines": [ 35.224312, 36.662031, 37.50059, 36.919183 ] }, { "date": "2023-09-15", "close": 33.208866, "volume": 15378500, "typical_volume": 16495510.0, "trend": 36.235906, "fair_value": 31.542092, "relative_strength": -16.931911, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.310721, "energy": 66.25088, "activity_lines": [ 34.320837, 35.842671, 37.128178, 36.71277 ] }, { "date": "2023-09-22", "close": 32.775974, "volume": 16551500, "typical_volume": 16674790.0, "trend": 36.066821, "fair_value": 31.595132, "relative_strength": -15.731191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.46974, "energy": 70.171045, "activity_lines": [ 33.624089, 35.075515, 36.712081, 36.489549 ] }, { "date": "2023-09-29", "close": 33.087017, "volume": 17353900, "typical_volume": 16813555.0, "trend": 35.953981, "fair_value": 31.651909, "relative_strength": -15.025034, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.572975, "energy": 68.847872, "activity_lines": [ 33.284277, 34.486186, 36.325964, 36.297303 ] }, { "date": "2023-10-06", "close": 31.340906, "volume": 12666800, "typical_volume": 16446290.0, "trend": 35.824169, "fair_value": 31.694418, "relative_strength": -17.503043, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.395054, "energy": 76.345682, "activity_lines": [ 32.517793, 33.69484, 35.775059, 35.999685 ] }, { "date": "2023-10-13", "close": 30.325308, "volume": 14241500, "typical_volume": 16370630.0, "trend": 35.644824, "fair_value": 31.732773, "relative_strength": -20.851554, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.955544, "energy": 79.060077, "activity_lines": [ 31.667469, 32.855765, 35.14298, 35.64492 ] }, { "date": "2023-10-20", "close": 30.05805, "volume": 14782700, "typical_volume": 16179315.0, "trend": 35.494898, "fair_value": 31.765879, "relative_strength": -19.345719, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.031272, "energy": 88.980351, "activity_lines": [ 30.970947, 32.132964, 34.513231, 35.284483 ] }, { "date": "2023-10-27", "close": 27.94668, "volume": 23226100, "typical_volume": 14888480.0, "trend": 35.323525, "fair_value": 31.800663, "relative_strength": -24.569686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.561328, "energy": 93.628121, "activity_lines": [ 29.78069, 31.1793, 33.714756, 34.797501 ] }, { "date": "2023-11-03", "close": 28.009041, "volume": 25814100, "typical_volume": 15347605.0, "trend": 35.150134, "fair_value": 31.817116, "relative_strength": -27.015911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.325744, "energy": 90.945058, "activity_lines": [ 28.933173, 30.393849, 32.980722, 34.325599 ] }, { "date": "2023-11-10", "close": 28.99791, "volume": 13408200, "typical_volume": 15058000.0, "trend": 35.022579, "fair_value": 31.849532, "relative_strength": -25.459349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.631485, "energy": 83.842395, "activity_lines": [ 28.753811, 29.922891, 32.396354, 33.928682 ] }, { "date": "2023-11-17", "close": 30.245131, "volume": 15663700, "typical_volume": 15049375.0, "trend": 34.945959, "fair_value": 31.882182, "relative_strength": -24.494457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.372524, "energy": 64.474912, "activity_lines": [ 29.146389, 29.790762, 31.975488, 33.620459 ] }, { "date": "2023-11-24", "close": 30.556936, "volume": 10591400, "typical_volume": 15016035.0, "trend": 34.874759, "fair_value": 31.913933, "relative_strength": -23.497194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.363442, "energy": 55.198732, "activity_lines": [ 29.648246, 29.783025, 31.632585, 33.337296 ] }, { "date": "2023-12-01", "close": 30.46785, "volume": 19598400, "typical_volume": 15497265.0, "trend": 34.795324, "fair_value": 31.94651, "relative_strength": -24.735633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.916906, "energy": 41.088157, "activity_lines": [ 30.08715, 29.807308, 31.328112, 33.05298 ] }, { "date": "2023-12-08", "close": 31.679445, "volume": 16031800, "typical_volume": 15763120.0, "trend": 34.737844, "fair_value": 31.98142, "relative_strength": -20.677969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.577753, "energy": 26.911957, "activity_lines": [ 30.76184, 30.093847, 31.181783, 32.851955 ] }, { "date": "2023-12-15", "close": 31.17164, "volume": 15111900, "typical_volume": 15876175.0, "trend": 34.623358, "fair_value": 32.005884, "relative_strength": -23.254266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.372453, "energy": 24.982895, "activity_lines": [ 31.022569, 30.313649, 31.024033, 32.621877 ] }, { "date": "2023-12-22", "close": 32.267418, "volume": 9109900, "typical_volume": 15400430.0, "trend": 34.493616, "fair_value": 32.038613, "relative_strength": -21.539863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.134902, "energy": 23.996932, "activity_lines": [ 31.503641, 30.735762, 31.007309, 32.469881 ] }, { "date": "2023-12-29", "close": 32.120716, "volume": 3311400, "typical_volume": 15052515.0, "trend": 34.335871, "fair_value": 32.065813, "relative_strength": -22.157674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.359135, "energy": 19.915428, "activity_lines": [ 31.800994, 31.09589, 31.010546, 32.316791 ] }, { "date": "2024-01-05", "close": 31.653505, "volume": 9642100, "typical_volume": 14905850.0, "trend": 34.04992, "fair_value": 32.084487, "relative_strength": -21.516227, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.00362, "energy": 16.84552, "activity_lines": [ 31.838358, 31.333568, 30.999541, 32.143735 ] }, { "date": "2024-01-12", "close": 31.581627, "volume": 10962300, "typical_volume": 14680030.0, "trend": 33.780589, "fair_value": 32.105362, "relative_strength": -20.539483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.995918, "energy": 15.229494, "activity_lines": [ 31.772719, 31.49078, 31.005126, 31.98449 ] }, { "date": "2024-01-19", "close": 29.479183, "volume": 13505100, "typical_volume": 14278225.0, "trend": 33.483596, "fair_value": 32.113542, "relative_strength": -23.330223, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.475183, "energy": 24.630543, "activity_lines": [ 31.012786, 31.200774, 30.828743, 31.70698 ] }, { "date": "2024-01-26", "close": 27.924809, "volume": 14144500, "typical_volume": 14554790.0, "trend": 33.068382, "fair_value": 32.124072, "relative_strength": -27.52396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.14565, "energy": 49.222878, "activity_lines": [ 29.847559, 30.619404, 30.531383, 31.348349 ] }, { "date": "2024-02-02", "close": 28.189379, "volume": 19825000, "typical_volume": 14777115.0, "trend": 32.661061, "fair_value": 32.132593, "relative_strength": -25.141721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.373053, "energy": 68.113191, "activity_lines": [ 29.060029, 30.128325, 30.288, 31.033575 ] }, { "date": "2024-02-09", "close": 28.703062, "volume": 10723800, "typical_volume": 14485730.0, "trend": 32.302963, "fair_value": 32.140128, "relative_strength": -23.573856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.201778, "energy": 69.751159, "activity_lines": [ 28.705816, 29.773689, 30.117441, 30.77822 ] }, { "date": "2024-02-16", "close": 29.937698, "volume": 13179400, "typical_volume": 14277005.0, "trend": 31.986313, "fair_value": 32.152448, "relative_strength": -20.098899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.079817, "energy": 62.721692, "activity_lines": [ 28.959845, 29.67562, 30.083862, 30.625622 ] }, { "date": "2024-02-23", "close": 30.303547, "volume": 16324300, "typical_volume": 14459880.0, "trend": 31.700706, "fair_value": 32.175669, "relative_strength": -18.894636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.233174, "energy": 34.305049, "activity_lines": [ 29.445419, 29.675737, 30.100122, 30.517056 ] }, { "date": "2024-03-01", "close": 30.909081, "volume": 11219400, "typical_volume": 14308775.0, "trend": 31.417908, "fair_value": 32.208355, "relative_strength": -16.498642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.533603, "energy": 12.90252, "activity_lines": [ 30.077879, 29.801735, 30.178992, 30.465984 ] }, { "date": "2024-03-08", "close": 29.824545, "volume": 10759100, "typical_volume": 14107595.0, "trend": 31.129585, "fair_value": 32.235341, "relative_strength": -17.508094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.288323, "energy": 17.797672, "activity_lines": [ 30.149877, 29.755241, 30.151793, 30.363186 ] }, { "date": "2024-03-15", "close": 30.818703, "volume": 23853500, "typical_volume": 14138965.0, "trend": 30.937715, "fair_value": 32.261395, "relative_strength": -13.91475, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.273568, "energy": 15.706829, "activity_lines": [ 30.444249, 29.931252, 30.220388, 30.343129 ] }, { "date": "2024-03-22", "close": 30.913216, "volume": 13793400, "typical_volume": 13537930.0, "trend": 30.787573, "fair_value": 32.290768, "relative_strength": -13.216461, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.134671, "energy": 14.58285, "activity_lines": [ 30.629082, 30.139625, 30.284307, 30.341549 ] }, { "date": "2024-03-29", "close": 29.843807, "volume": 7431600, "typical_volume": 13239100.0, "trend": 30.610323, "fair_value": 32.314573, "relative_strength": -16.397967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.207064, "energy": 12.806235, "activity_lines": [ 30.392412, 30.165713, 30.232549, 30.280661 ] }, { "date": "2024-04-05", "close": 28.303129, "volume": 11752400, "typical_volume": 13043535.0, "trend": 30.421473, "fair_value": 32.319916, "relative_strength": -19.302786, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.611215, "energy": 23.993961, "activity_lines": [ 29.672831, 29.905048, 30.030031, 30.131809 ] }, { "date": "2024-04-12", "close": 27.233721, "volume": 19997300, "typical_volume": 13513830.0, "trend": 30.222301, "fair_value": 32.308027, "relative_strength": -21.321815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.524508, "energy": 51.993611, "activity_lines": [ 28.770512, 29.443067, 29.734913, 29.926148 ] }, { "date": "2024-04-19", "close": 25.693047, "volume": 22858900, "typical_volume": 13676855.0, "trend": 29.986204, "fair_value": 32.284787, "relative_strength": -24.724333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.975068, "energy": 75.429941, "activity_lines": [ 27.527356, 28.718339, 29.308888, 29.633938 ] }, { "date": "2024-04-26", "close": 25.960194, "volume": 22713000, "typical_volume": 14010915.0, "trend": 29.748643, "fair_value": 32.268632, "relative_strength": -24.208015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.960091, "energy": 79.597829, "activity_lines": [ 26.714959, 28.096911, 28.931043, 29.374196 ] }, { "date": "2024-05-03", "close": 27.515079, "volume": 26615300, "typical_volume": 14586085.0, "trend": 29.621115, "fair_value": 32.262129, "relative_strength": -20.351765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.220811, "energy": 74.721011, "activity_lines": [ 26.751059, 27.830507, 28.728517, 29.230095 ] }, { "date": "2024-05-10", "close": 27.305944, "volume": 9873200, "typical_volume": 14624250.0, "trend": 29.52047, "fair_value": 32.259499, "relative_strength": -19.855267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.875691, "energy": 69.103767, "activity_lines": [ 26.872696, 27.576779, 28.523486, 29.080729 ] }, { "date": "2024-05-17", "close": 27.578728, "volume": 10976900, "typical_volume": 15007525.0, "trend": 29.437826, "fair_value": 32.247662, "relative_strength": -18.833985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.498308, "energy": 43.182046, "activity_lines": [ 27.151739, 27.438159, 28.36806, 28.955455 ] }, { "date": "2024-05-24", "close": 27.092638, "volume": 16926700, "typical_volume": 15371755.0, "trend": 29.409358, "fair_value": 32.230655, "relative_strength": -17.148701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.0739, "energy": 34.970286, "activity_lines": [ 27.245752, 27.251992, 28.187969, 28.804153 ] }, { "date": "2024-05-31", "close": 24.766506, "volume": 22638500, "typical_volume": 15955565.0, "trend": 29.301273, "fair_value": 32.20058, "relative_strength": -22.18391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.469296, "energy": 48.653987, "activity_lines": [ 26.471082, 26.710638, 27.808059, 28.504614 ] }, { "date": "2024-06-07", "close": 26.189548, "volume": 19806500, "typical_volume": 16270635.0, "trend": 29.207661, "fair_value": 32.182893, "relative_strength": -16.019294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.049907, "energy": 42.810207, "activity_lines": [ 26.250339, 26.539778, 27.59613, 28.303857 ] }, { "date": "2024-06-14", "close": 26.216915, "volume": 12119200, "typical_volume": 16169370.0, "trend": 29.073387, "fair_value": 32.159746, "relative_strength": -14.423086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.055994, "energy": 46.255853, "activity_lines": [ 26.127086, 26.440334, 27.402473, 28.110906 ] }, { "date": "2024-06-21", "close": 26.499702, "volume": 21542900, "typical_volume": 16255265.0, "trend": 28.938146, "fair_value": 32.143678, "relative_strength": -14.023541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.344946, "energy": 47.648547, "activity_lines": [ 26.170698, 26.430238, 27.24388, 27.944862 ] }, { "date": "2024-06-28", "close": 26.267847, "volume": 8778600, "typical_volume": 16158005.0, "trend": 28.798146, "fair_value": 32.130655, "relative_strength": -15.71134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.254463, "energy": 36.425936, "activity_lines": [ 26.208959, 26.391332, 27.071252, 27.772585 ] }, { "date": "2024-07-05", "close": 26.49666, "volume": 15491600, "typical_volume": 16273615.0, "trend": 28.625386, "fair_value": 32.121679, "relative_strength": -15.728493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.279284, "energy": 30.651164, "activity_lines": [ 26.378478, 26.383578, 26.932012, 27.624102 ] }, { "date": "2024-07-12", "close": 26.972593, "volume": 13221400, "typical_volume": 16118470.0, "trend": 28.485418, "fair_value": 32.109538, "relative_strength": -15.14038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.852128, "energy": 22.084797, "activity_lines": [ 26.591298, 26.452602, 26.854485, 27.51747 ] }, { "date": "2024-07-19", "close": 25.965813, "volume": 20772700, "typical_volume": 16596135.0, "trend": 28.275365, "fair_value": 32.083274, "relative_strength": -16.678309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.944835, "energy": 26.24547, "activity_lines": [ 26.416321, 26.34844, 26.696936, 27.354915 ] }, { "date": "2024-07-26", "close": 27.102783, "volume": 38759800, "typical_volume": 17996170.0, "trend": 28.1081, "fair_value": 32.067592, "relative_strength": -12.178702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.125752, "energy": 18.618017, "activity_lines": [ 26.637074, 26.475365, 26.671209, 27.279264 ] }, { "date": "2024-08-02", "close": 25.94556, "volume": 20254100, "typical_volume": 17816200.0, "trend": 27.917835, "fair_value": 32.040613, "relative_strength": -13.990585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.969793, "energy": 23.874937, "activity_lines": [ 26.431881, 26.400539, 26.548231, 27.139745 ] }, { "date": "2024-08-09", "close": 27.010939, "volume": 17535700, "typical_volume": 18003315.0, "trend": 27.765479, "fair_value": 32.019454, "relative_strength": -12.89048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.903815, "energy": 17.961485, "activity_lines": [ 26.6033, 26.540275, 26.549923, 27.081236 ] }, { "date": "2024-08-16", "close": 28.462053, "volume": 18819400, "typical_volume": 18572705.0, "trend": 27.731575, "fair_value": 32.013495, "relative_strength": -9.734348, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.373601, "energy": 7.782362, "activity_lines": [ 27.224139, 26.903042, 26.708399, 27.126176 ] }, { "date": "2024-08-23", "close": 28.498791, "volume": 14483700, "typical_volume": 18709270.0, "trend": 27.750708, "fair_value": 32.012925, "relative_strength": -10.018129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.236494, "energy": 19.93868, "activity_lines": [ 27.757926, 27.23117, 26.876953, 27.175674 ] }, { "date": "2024-08-30", "close": 26.211908, "volume": 17342000, "typical_volume": 18576505.0, "trend": 27.684792, "fair_value": 31.997749, "relative_strength": -16.756438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.858596, "energy": 18.126218, "activity_lines": [ 27.360553, 27.102012, 26.826777, 27.076397 ] }, { "date": "2024-09-06", "close": 26.009853, "volume": 17215200, "typical_volume": 18294320.0, "trend": 27.595018, "fair_value": 31.981225, "relative_strength": -15.810769, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.699561, "energy": 15.079832, "activity_lines": [ 26.955221, 26.94135, 26.762224, 26.968336 ] }, { "date": "2024-09-13", "close": 26.707859, "volume": 20328600, "typical_volume": 18175100.0, "trend": 27.487357, "fair_value": 31.974594, "relative_strength": -13.15634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.492903, "energy": 14.440879, "activity_lines": [ 26.778271, 26.912289, 26.762639, 26.9111 ] }, { "date": "2024-09-20", "close": 25.082243, "volume": 15409900, "typical_volume": 17614830.0, "trend": 27.313313, "fair_value": 31.961687, "relative_strength": -15.416697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.245273, "energy": 38.137917, "activity_lines": [ 26.079654, 26.583821, 26.604673, 26.755931 ] }, { "date": "2024-09-27", "close": 24.698217, "volume": 16262600, "typical_volume": 17934300.0, "trend": 27.106285, "fair_value": 31.947561, "relative_strength": -17.067322, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.655892, "energy": 55.70539, "activity_lines": [ 25.47835, 26.219901, 26.421718, 26.587215 ] }, { "date": "2024-10-04", "close": 24.79072, "volume": 20212400, "typical_volume": 18396075.0, "trend": 26.938491, "fair_value": 31.94894, "relative_strength": -15.538746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.543605, "energy": 62.122978, "activity_lines": [ 25.161251, 25.895846, 26.259991, 26.437824 ] }, { "date": "2024-10-11", "close": 24.624216, "volume": 22092800, "typical_volume": 18654380.0, "trend": 26.732008, "fair_value": 31.945979, "relative_strength": -14.408129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.741061, "energy": 65.507567, "activity_lines": [ 24.883397, 25.583555, 26.095682, 26.288516 ] }, { "date": "2024-10-18", "close": 23.745438, "volume": 27561400, "typical_volume": 18900525.0, "trend": 26.493082, "fair_value": 31.94822, "relative_strength": -17.181187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.060656, "energy": 66.963233, "activity_lines": [ 24.404993, 25.135511, 25.859434, 26.095834 ] }, { "date": "2024-10-25", "close": 24.235704, "volume": 117851900, "typical_volume": 23802795.0, "trend": 26.306145, "fair_value": 31.953068, "relative_strength": -14.627964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.954498, "energy": 46.690048, "activity_lines": [ 24.287505, 24.835979, 25.674741, 25.950197 ] }, { "date": "2024-11-01", "close": 21.016609, "volume": 52517400, "typical_volume": 25822705.0, "trend": 26.063261, "fair_value": 31.930736, "relative_strength": -24.458265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.922654, "energy": 66.304802, "activity_lines": [ 23.153422, 24.028, 25.192771, 25.608937 ] }, { "date": "2024-11-08", "close": 19.379313, "volume": 32646600, "typical_volume": 26377890.0, "trend": 25.801447, "fair_value": 31.897158, "relative_strength": -29.63154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.565092, "energy": 81.798457, "activity_lines": [ 21.719014, 23.05837, 24.579632, 25.177714 ] }, { "date": "2024-11-15", "close": 19.055553, "volume": 23389800, "typical_volume": 27108450.0, "trend": 25.580198, "fair_value": 31.864133, "relative_strength": -30.208908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.057644, "energy": 87.862287, "activity_lines": [ 20.537446, 22.154104, 23.969565, 24.742495 ] }, { "date": "2024-11-22", "close": 18.66704, "volume": 19508900, "typical_volume": 27309315.0, "trend": 25.337092, "fair_value": 31.834463, "relative_strength": -31.730831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.032957, "energy": 90.58655, "activity_lines": [ 19.597618, 21.305641, 23.356841, 24.296485 ] }, { "date": "2024-11-29", "close": 18.056526, "volume": 21670900, "typical_volume": 27731790.0, "trend": 25.021807, "fair_value": 31.798521, "relative_strength": -31.561289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.703022, "energy": 90.82518, "activity_lines": [ 18.792846, 20.492372, 22.723257, 23.826771 ] }, { "date": "2024-12-06", "close": 17.566261, "volume": 18424700, "typical_volume": 27614390.0, "trend": 24.697151, "fair_value": 31.75273, "relative_strength": -32.891623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.749333, "energy": 89.581891, "activity_lines": [ 18.236597, 19.717704, 22.085438, 23.345768 ] }, { "date": "2024-12-13", "close": 17.038996, "volume": 25896800, "typical_volume": 26971240.0, "trend": 24.345827, "fair_value": 31.703936, "relative_strength": -33.578002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.930261, "energy": 86.897483, "activity_lines": [ 17.734616, 18.976842, 21.437402, 22.851693 ] }, { "date": "2024-12-20", "close": 16.696735, "volume": 38615100, "typical_volume": 27889290.0, "trend": 23.999297, "fair_value": 31.65874, "relative_strength": -32.907873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.693909, "energy": 82.518465, "activity_lines": [ 17.274569, 18.314691, 20.804692, 22.358204 ] }, { "date": "2024-12-27", "close": 16.678236, "volume": 17356300, "typical_volume": 27880320.0, "trend": 23.729688, "fair_value": 31.612403, "relative_strength": -31.308117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.869245, "energy": 67.521791, "activity_lines": [ 16.96561, 17.793313, 20.214262, 21.885877 ] }, { "date": "2025-01-03", "close": 16.845417, "volume": 16113200, "typical_volume": 27745010.0, "trend": 23.418217, "fair_value": 31.57245, "relative_strength": -28.942508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.590249, "energy": 64.558178, "activity_lines": [ 16.844966, 17.430825, 19.688958, 21.441731 ] }, { "date": "2025-01-10", "close": 16.751413, "volume": 19654100, "typical_volume": 28003530.0, "trend": 23.1027, "fair_value": 31.528046, "relative_strength": -28.845766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.079676, "energy": 62.538816, "activity_lines": [ 16.773727, 17.185615, 19.210018, 21.011614 ] }, { "date": "2025-01-17", "close": 17.193232, "volume": 19911400, "typical_volume": 28132000.0, "trend": 22.792484, "fair_value": 31.47856, "relative_strength": -28.426194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.302614, "energy": 58.093659, "activity_lines": [ 16.904085, 17.098285, 18.829096, 20.630358 ] }, { "date": "2025-01-24", "close": 17.296635, "volume": 20055700, "typical_volume": 28274025.0, "trend": 22.493444, "fair_value": 31.426647, "relative_strength": -27.518411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.214726, "energy": 59.554587, "activity_lines": [ 17.058627, 17.069502, 18.500968, 20.275787 ] }, { "date": "2025-01-31", "close": 17.18383, "volume": 19144500, "typical_volume": 28214820.0, "trend": 22.183016, "fair_value": 31.369348, "relative_strength": -29.50239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.593082, "energy": 63.069429, "activity_lines": [ 17.135575, 17.052189, 18.203588, 19.933232 ] }, { "date": "2025-02-07", "close": 17.437639, "volume": 17576600, "typical_volume": 28323155.0, "trend": 21.865184, "fair_value": 31.314056, "relative_strength": -26.978487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.788409, "energy": 61.428715, "activity_lines": [ 17.26342, 17.107991, 17.975733, 19.627078 ] }, { "date": "2025-02-14", "close": 18.537479, "volume": 24306900, "typical_volume": 28725370.0, "trend": 21.617573, "fair_value": 31.256111, "relative_strength": -23.880171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.271259, "energy": 40.337448, "activity_lines": [ 17.718396, 17.375017, 17.889028, 19.412388 ] }, { "date": "2025-02-21", "close": 18.349474, "volume": 26049000, "typical_volume": 29017200.0, "trend": 21.325796, "fair_value": 31.192136, "relative_strength": -23.308145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.984853, "energy": 29.068256, "activity_lines": [ 17.991633, 17.590201, 17.813754, 19.201542 ] }, { "date": "2025-02-28", "close": 17.907658, "volume": 102767100, "typical_volume": 33050915.0, "trend": 21.057866, "fair_value": 31.131454, "relative_strength": -21.769282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.157433, "energy": 23.863549, "activity_lines": [ 18.040515, 17.701228, 17.727075, 18.981017 ] }, { "date": "2025-03-07", "close": 18.368275, "volume": 11081600, "typical_volume": 32226925.0, "trend": 20.769777, "fair_value": 31.075026, "relative_strength": -20.471655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.592871, "energy": 20.244897, "activity_lines": [ 18.202202, 17.873987, 17.716248, 18.807495 ] }, { "date": "2025-03-14", "close": 19.1203, "volume": 23807100, "typical_volume": 27524685.0, "trend": 20.458386, "fair_value": 31.009921, "relative_strength": -18.932521, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.43289, "energy": 13.974885, "activity_lines": [ 18.5356, 18.15275, 17.802647, 18.701078 ] }, { "date": "2025-03-21", "close": 19.157904, "volume": 28463700, "typical_volume": 26322000.0, "trend": 20.147023, "fair_value": 30.923753, "relative_strength": -20.023305, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.308779, "energy": 14.479561, "activity_lines": [ 18.769356, 18.396988, 17.916988, 18.617175 ] }, { "date": "2025-03-28", "close": 18.851715, "volume": 14697400, "typical_volume": 25424540.0, "trend": 19.901683, "fair_value": 30.830282, "relative_strength": -20.274515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.300794, "energy": 17.808971, "activity_lines": [ 18.859687, 18.541801, 18.011018, 18.533607 ] }, { "date": "2025-04-04", "close": 19.395514, "volume": 13042200, "typical_volume": 24907160.0, "trend": 19.681205, "fair_value": 30.741936, "relative_strength": -14.329351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.518547, "energy": 20.310859, "activity_lines": [ 19.097801, 18.755333, 18.159351, 18.500951 ] }, { "date": "2025-04-11", "close": 18.479641, "volume": 17026900, "typical_volume": 24783060.0, "trend": 19.406931, "fair_value": 30.648704, "relative_strength": -18.013458, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.538466, "energy": 13.372908, "activity_lines": [ 18.931434, 18.76418, 18.21884, 18.423431 ] }, { "date": "2025-04-18", "close": 19.052063, "volume": 9292600, "typical_volume": 24164145.0, "trend": 19.205925, "fair_value": 30.564277, "relative_strength": -16.224017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.000803, "energy": 9.892808, "activity_lines": [ 18.94845, 18.853544, 18.333737, 18.400536 ] }, { "date": "2025-04-25", "close": 22.925442, "volume": 22790700, "typical_volume": 24382445.0, "trend": 19.146833, "fair_value": 30.506755, "relative_strength": -2.625432, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 59.161656, "energy": 57.072393, "activity_lines": [ 20.261142, 19.617806, 18.812786, 18.640505 ] }, { "date": "2025-05-02", "close": 21.914164, "volume": 13479600, "typical_volume": 23761585.0, "trend": 19.050947, "fair_value": 30.451987, "relative_strength": -6.659242, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.780855, "energy": 65.070772, "activity_lines": [ 20.985572, 20.118418, 19.170004, 18.819043 ] }, { "date": "2025-05-09", "close": 21.980949, "volume": 14742000, "typical_volume": 22567930.0, "trend": 18.962838, "fair_value": 30.389231, "relative_strength": -6.773172, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.539756, "energy": 80.61364, "activity_lines": [ 21.5281, 20.56636, 19.510367, 19.008075 ] }, { "date": "2025-05-16", "close": 23.774532, "volume": 15182800, "typical_volume": 22459255.0, "trend": 18.963808, "fair_value": 30.32983, "relative_strength": -0.612752, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.907337, "energy": 89.703967, "activity_lines": [ 22.496126, 21.266348, 19.996384, 19.318507 ] }, { "date": "2025-05-23", "close": 23.326138, "volume": 15593300, "typical_volume": 22433260.0, "trend": 18.933489, "fair_value": 30.265643, "relative_strength": -0.983243, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.887428, "energy": 84.01123, "activity_lines": [ 22.961696, 21.786515, 20.405906, 19.599947 ] }, { "date": "2025-05-30", "close": 24.23247, "volume": 13724400, "typical_volume": 22136775.0, "trend": 19.040685, "fair_value": 30.1912, "relative_strength": 3.765828, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.202499, "energy": 83.734911, "activity_lines": [ 23.444437, 22.394999, 20.870884, 19.941817 ] }, { "date": "2025-06-06", "close": 24.795349, "volume": 14337400, "typical_volume": 21858075.0, "trend": 19.221219, "fair_value": 30.137578, "relative_strength": 7.317682, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.283699, "energy": 83.578909, "activity_lines": [ 24.02767, 23.01356, 21.353845, 20.313086 ] }, { "date": "2025-06-13", "close": 26.522148, "volume": 19032700, "typical_volume": 21806925.0, "trend": 19.470106, "fair_value": 30.098959, "relative_strength": 14.195804, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.802824, "energy": 84.086873, "activity_lines": [ 24.994424, 23.838019, 21.965063, 20.784113 ] }, { "date": "2025-06-20", "close": 26.207317, "volume": 19404200, "typical_volume": 21819910.0, "trend": 19.721448, "fair_value": 30.05958, "relative_strength": 13.270857, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.237959, "energy": 84.433293, "activity_lines": [ 25.553487, 24.47566, 22.502366, 21.218772 ] }, { "date": "2025-06-27", "close": 25.88958, "volume": 15568400, "typical_volume": 21719500.0, "trend": 19.98255, "fair_value": 30.018615, "relative_strength": 12.394474, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.079172, "energy": 79.431573, "activity_lines": [ 25.844452, 24.915028, 22.96644, 21.616716 ] }, { "date": "2025-07-04", "close": 26.709177, "volume": 12348200, "typical_volume": 21121565.0, "trend": 20.287314, "fair_value": 29.969906, "relative_strength": 12.443266, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.576216, "energy": 76.721448, "activity_lines": [ 26.23772, 25.379095, 23.468323, 22.050692 ] }, { "date": "2025-07-11", "close": 26.043856, "volume": 9184300, "typical_volume": 20278330.0, "trend": 20.587476, "fair_value": 29.917317, "relative_strength": 14.137631, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.695905, "energy": 61.248445, "activity_lines": [ 26.244101, 25.653399, 23.867929, 22.422082 ] }, { "date": "2025-07-18", "close": 25.47496, "volume": 18582000, "typical_volume": 16069075.0, "trend": 20.880084, "fair_value": 29.860696, "relative_strength": 14.155762, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.964507, "energy": 52.494004, "activity_lines": [ 25.977615, 25.749182, 24.176715, 22.737403 ] }, { "date": "2025-07-25", "close": 25.320683, "volume": 9753100, "typical_volume": 16002650.0, "trend": 21.168165, "fair_value": 29.788436, "relative_strength": 13.64355, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.584094, "energy": 46.137221, "activity_lines": [ 25.729517, 25.753388, 24.434773, 23.023894 ] }, { "date": "2025-08-01", "close": 24.954275, "volume": 10026300, "typical_volume": 15313610.0, "trend": 21.43846, "fair_value": 29.712946, "relative_strength": 13.14953, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.234576, "energy": 36.269301, "activity_lines": [ 25.418392, 25.662862, 24.624828, 23.268159 ] }, { "date": "2025-08-08", "close": 22.360497, "volume": 25040700, "typical_volume": 15142460.0, "trend": 21.62543, "fair_value": 29.62215, "relative_strength": -0.71969, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.972499, "energy": 19.099894, "activity_lines": [ 24.305027, 25.071138, 24.540076, 23.327645 ] }, { "date": "2025-08-15", "close": 22.003731, "volume": 15312000, "typical_volume": 15173190.0, "trend": 21.78578, "fair_value": 29.533144, "relative_strength": -2.02955, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.47385, "energy": 18.296486, "activity_lines": [ 23.362653, 24.448582, 24.406096, 23.352052 ] }, { "date": "2025-08-22", "close": 22.900465, "volume": 13956500, "typical_volume": 15218905.0, "trend": 21.972574, "fair_value": 29.441679, "relative_strength": 1.282982, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.39949, "energy": 23.177512, "activity_lines": [ 22.988532, 24.039827, 24.342509, 23.423967 ] }, { "date": "2025-08-29", "close": 23.527216, "volume": 12496600, "typical_volume": 14992390.0, "trend": 22.18402, "fair_value": 29.351478, "relative_strength": 1.828638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.79078, "energy": 23.652185, "activity_lines": [ 22.99496, 23.810874, 24.321923, 23.524266 ] }, { "date": "2025-09-05", "close": 22.611198, "volume": 9183900, "typical_volume": 14986955.0, "trend": 22.356472, "fair_value": 29.256177, "relative_strength": -2.573037, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.74818, "energy": 21.680738, "activity_lines": [ 22.815614, 23.464102, 24.190061, 23.551826 ] }, { "date": "2025-09-12", "close": 22.090513, "volume": 11799900, "typical_volume": 14437415.0, "trend": 22.474907, "fair_value": 29.165964, "relative_strength": -4.085847, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -10.660275, "energy": 32.240497, "activity_lines": [ 22.618911, 23.082267, 23.991661, 23.534667 ] }, { "date": "2025-09-19", "close": 23.151167, "volume": 14855100, "typical_volume": 14506190.0, "trend": 22.634963, "fair_value": 29.061346, "relative_strength": -1.574829, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.772206, "energy": 13.630976, "activity_lines": [ 22.793759, 22.977254, 23.898252, 23.578297 ] }, { "date": "2025-09-26", "close": 22.312286, "volume": 8484200, "typical_volume": 14193300.0, "trend": 22.781784, "fair_value": 28.958972, "relative_strength": -4.496511, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.470683, "energy": 23.59984, "activity_lines": [ 22.612483, 22.772311, 23.719059, 23.557479 ] }, { "date": "2025-10-03", "close": 22.136057, "volume": 8533500, "typical_volume": 13860835.0, "trend": 22.907377, "fair_value": 28.846151, "relative_strength": -4.034637, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.949252, "energy": 24.169004, "activity_lines": [ 22.411677, 22.59283, 23.521505, 23.515819 ] }, { "date": "2025-10-10", "close": 20.554213, "volume": 19377700, "typical_volume": 14050055.0, "trend": 22.955174, "fair_value": 28.724189, "relative_strength": -8.183899, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.682635, "energy": 45.232186, "activity_lines": [ 21.776333, 22.183643, 23.181101, 23.364002 ] }, { "date": "2025-10-17", "close": 21.423252, "volume": 14200100, "typical_volume": 14073840.0, "trend": 23.030686, "fair_value": 28.591438, "relative_strength": -5.745513, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.940693, "energy": 53.767202, "activity_lines": [ 21.567801, 22.012465, 22.936662, 23.265169 ] }, { "date": "2025-10-24", "close": 23.112505, "volume": 8688400, "typical_volume": 13791390.0, "trend": 23.172712, "fair_value": 28.468794, "relative_strength": 0.103204, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.375157, "energy": 35.377088, "activity_lines": [ 21.966838, 22.165464, 22.866482, 23.270447 ] }, { "date": "2025-10-31", "close": 25.231394, "volume": 22965600, "typical_volume": 13988035.0, "trend": 23.367241, "fair_value": 28.363781, "relative_strength": 6.758173, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 14.444662, "energy": 9.587064, "activity_lines": [ 23.074749, 22.683556, 23.006115, 23.403266 ] }, { "date": "2025-11-07", "close": 24.264711, "volume": 11875200, "typical_volume": 13611585.0, "trend": 23.560077, "fair_value": 28.259836, "relative_strength": -0.418241, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.712519, "energy": 18.318294, "activity_lines": [ 23.665824, 22.983507, 23.059828, 23.461167 ] }, { "date": "2025-11-14", "close": 25.006813, "volume": 8417600, "typical_volume": 13254045.0, "trend": 23.758569, "fair_value": 28.172239, "relative_strength": 0.121651, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.256585, "energy": 34.81558, "activity_lines": [ 24.362357, 23.404977, 23.193469, 23.554505 ] }, { "date": "2025-11-21", "close": 24.586941, "volume": 5275300, "typical_volume": 12900400.0, "trend": 23.813952, "fair_value": 28.082173, "relative_strength": 0.155089, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.899951, "energy": 37.141187, "activity_lines": [ 24.622092, 23.70655, 23.291325, 23.607948 ] }, { "date": "2025-11-28", "close": 26.168783, "volume": 13021900, "typical_volume": 13092280.0, "trend": 23.955773, "fair_value": 27.998919, "relative_strength": 3.454635, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.76085, "energy": 59.351016, "activity_lines": [ 25.198196, 24.25034, 23.549939, 23.759873 ] }, { "date": "2025-12-05", "close": 24.752935, "volume": 18462200, "typical_volume": 13086290.0, "trend": 24.048172, "fair_value": 27.922117, "relative_strength": -1.296428, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.974538, "energy": 47.71025, "activity_lines": [ 25.098598, 24.481838, 23.673116, 23.811302 ] }, { "date": "2025-12-12", "close": 23.102741, "volume": 15377200, "typical_volume": 13367495.0, "trend": 24.025779, "fair_value": 27.83446, "relative_strength": -9.898995, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.889502, "energy": 14.636377, "activity_lines": [ 24.480833, 24.368926, 23.642569, 23.750307 ] }, { "date": "2025-12-19", "close": 22.331347, "volume": 14136700, "typical_volume": 13573015.0, "trend": 23.992619, "fair_value": 27.727285, "relative_strength": -11.691689, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.682705, "energy": 12.157696, "activity_lines": [ 23.683401, 24.098184, 23.549118, 23.640989 ] }, { "date": "2025-12-26", "close": 22.809807, "volume": 5334700, "typical_volume": 12587715.0, "trend": 23.945197, "fair_value": 27.621111, "relative_strength": -11.191651, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.215863, "energy": 29.478936, "activity_lines": [ 23.22382, 23.882123, 23.513724, 23.564678 ] }, { "date": "2026-01-02", "close": 23.066395, "volume": 4382700, "typical_volume": 12041250.0, "trend": 23.887565, "fair_value": 27.528141, "relative_strength": -10.009342, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.633798, "energy": 32.033203, "activity_lines": [ 22.968244, 23.687504, 23.500628, 23.507981 ] }, { "date": "2026-01-09", "close": 23.293797, "volume": 12525900, "typical_volume": 11969720.0, "trend": 23.779954, "fair_value": 27.429816, "relative_strength": -10.714645, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.550589, "energy": 26.208817, "activity_lines": [ 22.995295, 23.53507, 23.504129, 23.469674 ] }, { "date": "2026-01-16", "close": 23.25425, "volume": 16422500, "typical_volume": 12166015.0, "trend": 23.681518, "fair_value": 27.330958, "relative_strength": -11.64584, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.968713, "energy": 22.520174, "activity_lines": [ 23.106439, 23.410674, 23.501991, 23.435757 ] }, { "date": "2026-01-23", "close": 25.063572, "volume": 11088600, "typical_volume": 12261250.0, "trend": 23.653985, "fair_value": 27.242191, "relative_strength": -12.244767, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.882718, "energy": 9.995162, "activity_lines": [ 23.81059, 23.633618, 23.673468, 23.524922 ] }, { "date": "2026-01-30", "close": 24.925152, "volume": 11912800, "typical_volume": 12266895.0, "trend": 23.594517, "fair_value": 27.151308, "relative_strength": -13.947215, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.47786, "energy": 32.340619, "activity_lines": [ 24.286452, 23.830362, 23.820085, 23.606933 ] }, { "date": "2026-02-06", "close": 23.38278, "volume": 22308400, "typical_volume": 12639560.0, "trend": 23.505815, "fair_value": 27.047132, "relative_strength": -19.855062, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.433065, "energy": 21.605463, "activity_lines": [ 24.107168, 23.740526, 23.806311, 23.593272 ] }, { "date": "2026-02-13", "close": 23.036734, "volume": 12701500, "typical_volume": 12850425.0, "trend": 23.42454, "fair_value": 26.948779, "relative_strength": -22.332178, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.807138, "energy": 15.090851, "activity_lines": [ 23.791443, 23.638427, 23.758478, 23.563009 ] }, { "date": "2026-02-20", "close": 23.560745, "volume": 7569200, "typical_volume": 12802210.0, "trend": 23.365876, "fair_value": 26.85719, "relative_strength": -22.067427, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.548829, "energy": 10.008362, "activity_lines": [ 23.667525, 23.662807, 23.7571, 23.571797 ] }, { "date": "2026-02-27", "close": 22.81922, "volume": 11872600, "typical_volume": 12426955.0, "trend": 23.294707, "fair_value": 26.769671, "relative_strength": -23.590602, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.99111, "energy": 14.397782, "activity_lines": [ 23.276, 23.544036, 23.678317, 23.536528 ] }, { "date": "2026-03-06", "close": 21.751423, "volume": 18252900, "typical_volume": 12629595.0, "trend": 23.274405, "fair_value": 26.683236, "relative_strength": -23.100481, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.887987, "energy": 34.700167, "activity_lines": [ 22.678165, 23.22225, 23.487053, 23.436962 ] }, { "date": "2026-03-13", "close": 21.177977, "volume": 16934700, "typical_volume": 13041910.0, "trend": 23.24688, "fair_value": 26.59011, "relative_strength": -24.137473, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -46.549604, "energy": 56.041934, "activity_lines": [ 22.100764, 22.815445, 23.239613, 23.301708 ] }, { "date": "2026-03-20", "close": 21.889841, "volume": 20841600, "typical_volume": 12935710.0, "trend": 23.213192, "fair_value": 26.508918, "relative_strength": -20.750197, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.921883, "energy": 56.140395, "activity_lines": [ 21.907638, 22.572404, 23.069181, 23.214157 ] }, { "date": "2026-03-27", "close": 21.899727, "volume": 13350000, "typical_volume": 13009450.0, "trend": 23.158943, "fair_value": 26.437199, "relative_strength": -22.834375, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.138745, "energy": 63.343919, "activity_lines": [ 21.794266, 22.356688, 22.915603, 23.129418 ] }, { "date": "2026-04-03", "close": 22.99, "volume": 10105800, "typical_volume": 13093860.0, "trend": 23.171569, "fair_value": 26.371681, "relative_strength": -21.499286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.987457, "energy": 38.639391, "activity_lines": [ 22.155054, 22.36383, 22.877122, 23.118518 ] }, { "date": "2026-04-10", "close": 23.389999, "volume": 21055700, "typical_volume": 13882880.0, "trend": 23.214885, "fair_value": 26.311203, "relative_strength": -23.639283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.403759, "energy": 16.140413, "activity_lines": [ 22.637789, 22.481401, 22.88634, 23.132611 ] }, { "date": "2026-04-17", "close": 23.450001, "volume": 18588000, "typical_volume": 14161185.0, "trend": 23.224847, "fair_value": 26.25291, "relative_strength": -22.561096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.3791, "energy": 15.273339, "activity_lines": [ 23.031286, 22.637793, 22.906972, 23.147779 ] }, { "date": "2026-04-24", "close": 22.540001, "volume": 6126800, "typical_volume": 13544415.0, "trend": 23.232437, "fair_value": 26.187827, "relative_strength": -23.122635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.363646, "energy": 19.25998, "activity_lines": [ 22.969982, 22.627508, 22.853885, 23.103596 ] }, { "date": "2026-05-01", "close": 22.255255, "volume": 18605200, "typical_volume": 13705815.0, "trend": 23.23641, "fair_value": 26.119906, "relative_strength": -22.283551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.561187, "energy": 17.945102, "activity_lines": [ 22.770419, 22.574483, 22.784216, 23.040552 ] }, { "date": "2026-05-08", "close": 23.075132, "volume": 29870600, "typical_volume": 14492510.0, "trend": 23.320441, "fair_value": 26.053697, "relative_strength": -17.645896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.403146, "energy": 12.645344, "activity_lines": [ 22.820446, 22.694262, 22.796667, 23.030147 ] }, { "date": "2026-05-15", "close": 22.749157, "volume": 33125900, "typical_volume": 15882070.0, "trend": 23.364638, "fair_value": 25.97769, "relative_strength": -15.228965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.011473, "energy": 14.666101, "activity_lines": [ 22.756139, 22.750121, 22.77453, 22.99329 ] }, { "date": "2026-05-22", "close": 22.284887, "volume": 11076400, "typical_volume": 16216755.0, "trend": 23.337051, "fair_value": 25.888749, "relative_strength": -15.996328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.927346, "energy": 22.578882, "activity_lines": [ 22.579798, 22.703426, 22.708466, 22.923628 ] }, { "date": "2026-05-29", "close": 21.642815, "volume": 8422600, "typical_volume": 16011590.0, "trend": 23.217431, "fair_value": 25.791247, "relative_strength": -16.723219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.693744, "energy": 33.277005, "activity_lines": [ 22.267108, 22.519865, 22.584974, 22.814323 ] }, { "date": "2026-06-05", "close": 20.724155, "volume": 3343100, "typical_volume": 15357620.0, "trend": 23.099413, "fair_value": 25.666197, "relative_strength": -17.37512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.95637, "energy": 59.276439, "activity_lines": [ 21.708009, 22.173766, 22.381852, 22.653466 ] }, { "date": "2026-06-12", "close": 21.227936, "volume": 1626500, "typical_volume": 14884515.0, "trend": 22.97345, "fair_value": 25.548032, "relative_strength": -15.655183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.22468, "energy": 63.155257, "activity_lines": [ 21.418912, 21.940638, 22.238758, 22.532726 ] }, { "date": "2026-06-19", "close": 19.973423, "volume": 3126300, "typical_volume": 14445190.0, "trend": 22.819666, "fair_value": 25.429984, "relative_strength": -18.663298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.533869, "energy": 75.984853, "activity_lines": [ 20.834789, 21.511455, 21.994451, 22.339176 ] }, { "date": "2026-06-26", "close": 21.306961, "volume": 2822400, "typical_volume": 13470890.0, "trend": 22.657605, "fair_value": 25.307713, "relative_strength": -14.851318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.610062, "energy": 66.665749, "activity_lines": [ 20.880229, 21.386852, 21.900727, 22.241582 ] }, { "date": "2026-07-03", "close": 20.99, "volume": 1419700, "typical_volume": 12906800.0, "trend": 22.532174, "fair_value": 25.183232, "relative_strength": -15.819211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.284309, "energy": 57.567703, "activity_lines": [ 20.885209, 21.243584, 21.786701, 22.133994 ] }, { "date": "2026-07-10", "close": 21.110001, "volume": 11772000, "typical_volume": 13116940.0, "trend": 22.46575, "fair_value": 25.065694, "relative_strength": -16.234696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.641131, "energy": 44.339168, "activity_lines": [ 20.973711, 21.150317, 21.693851, 22.042241 ] }, { "date": "2026-07-17", "close": 21.190001, "volume": 10572800, "typical_volume": 13051950.0, "trend": 22.427705, "fair_value": 24.948725, "relative_strength": -13.093547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.122384, "energy": 31.183095, "activity_lines": [ 21.063157, 21.092417, 21.620289, 21.959935 ] }, { "date": "2026-07-24", "close": 20.23, "volume": 23045800, "typical_volume": 13291595.0, "trend": 22.341711, "fair_value": 24.829226, "relative_strength": -16.345915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.602034, "energy": 38.835268, "activity_lines": [ 20.835131, 20.894248, 21.463057, 21.818147 ] }, { "date": "2026-07-31", "close": 21.27, "volume": 12489000, "typical_volume": 13069310.0, "trend": 22.281831, "fair_value": 24.713053, "relative_strength": -13.172308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.683385, "energy": 26.059688, "activity_lines": [ 20.936667, 20.930972, 21.412118, 21.749005 ] }, { "date": "2026-08-07", "close": 21.6, "volume": 13248100, "typical_volume": 12689635.0, "trend": 22.225371, "fair_value": 24.604885, "relative_strength": -8.51865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.339762, "energy": 21.107308, "activity_lines": [ 21.150667, 21.046148, 21.392169, 21.705016 ] } ], "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." } } }