{ "ticker": { "uuid": "a646e16f-1355-485b-9eae-4f5c21d33dbb", "symbol": "WFG", "name": "West Fraser Timber Co Ltd", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 89.977, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 24.115, "architecture_energy": 15.132, "architecture_maturity": 18.729, "architecture_confidence": 59.801, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 49.21, "rotation_up": 38.65, "upward_expansion": 34.54, "deceleration": 39.52, "rotation_down": 33.11, "downward_expansion": 23.21 }, "activity_lines": [ 68.450667, 68.544914, 67.193454, 66.621151 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 72.14, "trend_reference": 66.703566, "distance_from_trend": 0.081501, "trend_direction": "Improving", "fair_value": 74.161677, "distance_from_fair_value": -0.02726, "fair_value_direction": "Improving", "relative_strength": -2.936475, "relative_strength_direction": "Improving", "price_momentum": -0.011887, "excess_performance": -0.137512, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081501, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04055, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.02726, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.150998, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.029365, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.16343, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.011887, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.130102, "read": "Demand-led" } ], "volume": { "latest": 1373017, "relative_activity": 1.458202, "balance": 1.130102, "dry_up": 1.318332, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.071287, "annualized_volatility": 0.345963, "from_high_reference": -0.058347, "from_low_reference": 0.271037 }, "levels": { "trend_reference": 66.703566, "fair_value_reference": 74.161677, "structural_low": 58.084093, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": -0.001488, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.020806, "regime_survival": 0.4, "best_return": 0.217505, "worst_return": -0.155073, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.024417, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.008104, "regime_survival": 0.222222, "best_return": 0.171899, "worst_return": -0.170239, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.014738, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.015018, "regime_survival": 0.166667, "best_return": 0.246474, "worst_return": -0.188824, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.062252, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.174485, "regime_survival": 0.0, "best_return": 0.091593, "worst_return": -0.09935, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.081062, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": -0.081701, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-21", "end": "2025-07-04", "tenure": "Established", "return": -0.021936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.079399, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": 0.049063, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.08887, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-01-23", "tenure": "Established", "return": 0.077084, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": -0.046665, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-05-01", "tenure": "Developing", "return": -0.03727, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": -0.042367, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": 0.108213, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": 0.057547, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": -0.04954, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.112413, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 73.365234, "volume": 587009, "typical_volume": 598607.45, "trend": 74.119344, "fair_value": 71.864525, "relative_strength": -7.985499, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.105355, "energy": 21.893943, "activity_lines": [ 75.485268, 77.797592, 76.124041, 74.745817 ] }, { "date": "2023-08-25", "close": 71.706078, "volume": 528872, "typical_volume": 607385.6, "trend": 73.76672, "fair_value": 72.001286, "relative_strength": -10.220372, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.394265, "energy": 25.462002, "activity_lines": [ 73.639218, 76.560801, 75.866353, 74.590122 ] }, { "date": "2023-09-01", "close": 71.810967, "volume": 556329, "typical_volume": 602464.95, "trend": 73.427684, "fair_value": 72.154258, "relative_strength": -11.884362, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.444078, "energy": 30.19144, "activity_lines": [ 72.565534, 75.413435, 75.602607, 74.463945 ] }, { "date": "2023-09-08", "close": 66.986063, "volume": 426487, "typical_volume": 593342.4, "trend": 72.971971, "fair_value": 72.27746, "relative_strength": -16.312955, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.235082, "energy": 49.244197, "activity_lines": [ 70.512883, 73.489714, 74.886959, 74.048356 ] }, { "date": "2023-09-15", "close": 70.113669, "volume": 696323, "typical_volume": 578405.4, "trend": 72.853574, "fair_value": 72.414949, "relative_strength": -11.911203, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.284111, "energy": 49.673976, "activity_lines": [ 70.048193, 72.407362, 74.492663, 73.86395 ] }, { "date": "2023-09-22", "close": 67.7775, "volume": 471431, "typical_volume": 569056.95, "trend": 72.728896, "fair_value": 72.580436, "relative_strength": -12.023767, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.603041, "energy": 55.871038, "activity_lines": [ 69.041892, 71.088705, 73.869401, 73.536461 ] }, { "date": "2023-09-29", "close": 69.456757, "volume": 749076, "typical_volume": 573372.55, "trend": 72.604686, "fair_value": 72.740602, "relative_strength": -8.912753, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.163327, "energy": 49.5314, "activity_lines": [ 68.967859, 70.360562, 73.422799, 73.325355 ] }, { "date": "2023-10-06", "close": 64.698002, "volume": 966854, "typical_volume": 604746.9, "trend": 72.466609, "fair_value": 72.877872, "relative_strength": -15.203665, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.195638, "energy": 56.239982, "activity_lines": [ 67.457529, 69.009198, 72.528322, 72.815247 ] }, { "date": "2023-10-13", "close": 63.730931, "volume": 943983, "typical_volume": 634375.0, "trend": 72.26908, "fair_value": 73.016316, "relative_strength": -16.386211, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.61498, "energy": 75.248645, "activity_lines": [ 66.09904, 67.782966, 71.575265, 72.251655 ] }, { "date": "2023-10-20", "close": 64.046904, "volume": 816322, "typical_volume": 657166.7, "trend": 72.208122, "fair_value": 73.141804, "relative_strength": -13.594412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.760218, "energy": 74.969788, "activity_lines": [ 65.062884, 66.82212, 70.671697, 71.721192 ] }, { "date": "2023-10-27", "close": 62.850034, "volume": 965225, "typical_volume": 684165.15, "trend": 72.047099, "fair_value": 73.272655, "relative_strength": -12.682286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.067599, "energy": 80.708867, "activity_lines": [ 64.032223, 65.818634, 69.669817, 71.117444 ] }, { "date": "2023-11-03", "close": 71.237699, "volume": 1270408, "typical_volume": 709550.0, "trend": 72.143814, "fair_value": 73.404895, "relative_strength": -6.137742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.602229, "energy": 44.852771, "activity_lines": [ 66.125947, 66.531363, 69.510258, 71.065225 ] }, { "date": "2023-11-10", "close": 70.127004, "volume": 806286, "typical_volume": 715978.0, "trend": 72.034399, "fair_value": 73.540813, "relative_strength": -8.441614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.04461, "energy": 28.312897, "activity_lines": [ 67.73071, 67.050663, 69.265576, 70.935108 ] }, { "date": "2023-11-17", "close": 73.258016, "volume": 816096, "typical_volume": 725932.5, "trend": 72.07907, "fair_value": 73.692846, "relative_strength": -6.155306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.647226, "energy": 18.878474, "activity_lines": [ 70.017211, 68.169856, 69.353531, 71.014051 ] }, { "date": "2023-11-24", "close": 74.014437, "volume": 409710, "typical_volume": 728458.35, "trend": 72.254409, "fair_value": 73.842237, "relative_strength": -5.768464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.386836, "energy": 23.749727, "activity_lines": [ 71.920713, 69.312544, 69.555084, 71.138913 ] }, { "date": "2023-12-01", "close": 72.290945, "volume": 595294, "typical_volume": 726314.2, "trend": 72.287745, "fair_value": 73.933393, "relative_strength": -8.460234, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 13.510367, "energy": 25.38828, "activity_lines": [ 72.585215, 70.070947, 69.623277, 71.141271 ] }, { "date": "2023-12-08", "close": 72.10902, "volume": 793061, "typical_volume": 734211.9, "trend": 72.338768, "fair_value": 74.006513, "relative_strength": -8.617698, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.249265, "energy": 24.585524, "activity_lines": [ 72.559682, 70.71421, 69.727345, 71.12974 ] }, { "date": "2023-12-15", "close": 73.641014, "volume": 920382, "typical_volume": 738979.0, "trend": 72.402222, "fair_value": 74.096945, "relative_strength": -8.623765, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.456831, "energy": 22.758754, "activity_lines": [ 72.986725, 71.587794, 70.02807, 71.213756 ] }, { "date": "2023-12-22", "close": 81.990379, "volume": 860972, "typical_volume": 735724.3, "trend": 72.875094, "fair_value": 74.239874, "relative_strength": 0.853096, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.883827, "energy": 49.739199, "activity_lines": [ 75.962623, 73.816845, 71.16021, 71.832347 ] }, { "date": "2023-12-29", "close": 82.228483, "volume": 329473, "typical_volume": 725479.65, "trend": 73.37142, "fair_value": 74.387046, "relative_strength": 0.889753, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.047128, "energy": 60.392983, "activity_lines": [ 78.435731, 75.757197, 72.282537, 72.435791 ] }, { "date": "2024-01-05", "close": 82.00749, "volume": 366355, "typical_volume": 714446.95, "trend": 73.705523, "fair_value": 74.542901, "relative_strength": 2.337438, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.300627, "energy": 68.949525, "activity_lines": [ 80.287571, 77.326795, 73.343064, 72.992957 ] }, { "date": "2024-01-12", "close": 82.497517, "volume": 478435, "typical_volume": 711925.1, "trend": 73.936256, "fair_value": 74.718926, "relative_strength": 1.078794, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.51179, "energy": 71.749667, "activity_lines": [ 81.654984, 78.637171, 74.409107, 73.560182 ] }, { "date": "2024-01-19", "close": 79.624613, "volume": 518405, "typical_volume": 710028.9, "trend": 74.011724, "fair_value": 74.852352, "relative_strength": -3.433133, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.502216, "energy": 61.902714, "activity_lines": [ 81.372197, 79.220477, 75.150152, 73.927173 ] }, { "date": "2024-01-26", "close": 77.856672, "volume": 376582, "typical_volume": 707533.65, "trend": 73.874106, "fair_value": 74.972651, "relative_strength": -6.053624, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.809164, "energy": 45.257134, "activity_lines": [ 80.101188, 79.309655, 75.685613, 74.175234 ] }, { "date": "2024-02-02", "close": 75.781262, "volume": 367449, "typical_volume": 691089.95, "trend": 73.717527, "fair_value": 75.050813, "relative_strength": -9.343687, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 44.643173, "energy": 30.723943, "activity_lines": [ 78.413957, 78.937874, 75.971652, 74.298277 ] }, { "date": "2024-02-09", "close": 75.20476, "volume": 634031, "typical_volume": 699219.95, "trend": 73.442245, "fair_value": 75.092996, "relative_strength": -10.748854, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.26228, "energy": 24.540064, "activity_lines": [ 76.964374, 78.429151, 76.175797, 74.394227 ] }, { "date": "2024-02-16", "close": 76.569149, "volume": 1064538, "typical_volume": 714993.05, "trend": 73.235646, "fair_value": 75.172365, "relative_strength": -8.504427, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.651124, "energy": 25.025714, "activity_lines": [ 76.423102, 78.11552, 76.474517, 74.595963 ] }, { "date": "2024-02-23", "close": 74.02293, "volume": 644107, "typical_volume": 698855.7, "trend": 72.994711, "fair_value": 75.24298, "relative_strength": -12.624171, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.268579, "energy": 20.999006, "activity_lines": [ 75.428315, 77.257846, 76.49687, 74.646755 ] }, { "date": "2024-03-01", "close": 78.433174, "volume": 780185, "typical_volume": 690665.8, "trend": 73.103569, "fair_value": 75.360078, "relative_strength": -7.993275, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.451875, "energy": 19.68712, "activity_lines": [ 76.277055, 77.195091, 76.894843, 74.997624 ] }, { "date": "2024-03-08", "close": 77.962364, "volume": 576968, "typical_volume": 678698.1, "trend": 73.246636, "fair_value": 75.464874, "relative_strength": -8.037601, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.763544, "energy": 13.797728, "activity_lines": [ 76.930424, 77.111411, 77.177966, 75.311095 ] }, { "date": "2024-03-15", "close": 78.251971, "volume": 574750, "typical_volume": 659174.35, "trend": 73.409527, "fair_value": 75.577844, "relative_strength": -7.34545, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.748435, "energy": 21.109046, "activity_lines": [ 77.534923, 77.157953, 77.422406, 75.63402 ] }, { "date": "2024-03-22", "close": 84.154141, "volume": 664358, "typical_volume": 628871.85, "trend": 73.824462, "fair_value": 75.72444, "relative_strength": -2.448483, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 73.976234, "energy": 57.893577, "activity_lines": [ 79.903664, 78.345898, 78.155615, 76.32722 ] }, { "date": "2024-03-29", "close": 83.353684, "volume": 536206, "typical_volume": 615367.85, "trend": 74.209219, "fair_value": 75.820502, "relative_strength": -3.626186, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.843834, "energy": 65.865052, "activity_lines": [ 81.49992, 79.358185, 78.751083, 76.942009 ] }, { "date": "2024-04-05", "close": 78.502717, "volume": 1095770, "typical_volume": 629351.55, "trend": 74.593108, "fair_value": 75.844572, "relative_strength": -8.230284, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.972847, "energy": 54.937795, "activity_lines": [ 80.857137, 79.420677, 78.821571, 77.219009 ] }, { "date": "2024-04-12", "close": 76.313514, "volume": 950483, "typical_volume": 656390.2, "trend": 74.799769, "fair_value": 75.829713, "relative_strength": -9.135488, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.438739, "energy": 30.258931, "activity_lines": [ 79.479983, 79.073386, 78.658587, 77.330003 ] }, { "date": "2024-04-19", "close": 74.616158, "volume": 988842, "typical_volume": 676067.6, "trend": 75.027725, "fair_value": 75.84908, "relative_strength": -8.058221, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.965352, "energy": 9.06484, "activity_lines": [ 77.646967, 78.407808, 78.323003, 77.318157 ] }, { "date": "2024-04-26", "close": 75.869886, "volume": 1122901, "typical_volume": 692559.6, "trend": 75.241496, "fair_value": 75.877077, "relative_strength": -8.725476, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.88453, "energy": 15.399799, "activity_lines": [ 76.474248, 77.980881, 78.09575, 77.37249 ] }, { "date": "2024-05-03", "close": 75.551632, "volume": 986789, "typical_volume": 695879.95, "trend": 75.603283, "fair_value": 75.848799, "relative_strength": -9.353635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.839372, "energy": 16.707173, "activity_lines": [ 75.747728, 77.508805, 77.820277, 77.392499 ] }, { "date": "2024-05-10", "close": 75.445547, "volume": 728692, "typical_volume": 689265.95, "trend": 75.993771, "fair_value": 75.865896, "relative_strength": -10.834325, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.493629, "energy": 20.127253, "activity_lines": [ 75.505983, 76.989645, 77.525603, 77.382322 ] }, { "date": "2024-05-17", "close": 78.338768, "volume": 662831, "typical_volume": 705933.85, "trend": 76.470166, "fair_value": 75.918135, "relative_strength": -8.640486, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.634076, "energy": 9.385111, "activity_lines": [ 76.432457, 77.050846, 77.53764, 77.533612 ] }, { "date": "2024-05-24", "close": 78.88848, "volume": 388478, "typical_volume": 707040.0, "trend": 77.004781, "fair_value": 75.967379, "relative_strength": -7.835934, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.273821, "energy": 8.042361, "activity_lines": [ 77.407151, 77.205152, 77.620552, 77.689632 ] }, { "date": "2024-05-31", "close": 77.162192, "volume": 628129, "typical_volume": 714524.7, "trend": 77.202264, "fair_value": 76.024226, "relative_strength": -9.355051, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.663656, "energy": 4.258458, "activity_lines": [ 77.521594, 77.034013, 77.553909, 77.699788 ] }, { "date": "2024-06-07", "close": 75.243022, "volume": 547810, "typical_volume": 715994.95, "trend": 77.372798, "fair_value": 76.080626, "relative_strength": -12.406182, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.876378, "energy": 7.532719, "activity_lines": [ 76.91016, 76.641061, 77.329894, 77.573385 ] }, { "date": "2024-06-14", "close": 77.065751, "volume": 668772, "typical_volume": 730604.45, "trend": 77.499722, "fair_value": 76.164998, "relative_strength": -11.3965, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.528148, "energy": 2.654585, "activity_lines": [ 76.926876, 76.726981, 77.300337, 77.553576 ] }, { "date": "2024-06-21", "close": 75.204446, "volume": 970876, "typical_volume": 760775.8, "trend": 77.539389, "fair_value": 76.230543, "relative_strength": -13.644804, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.685027, "energy": 32.924636, "activity_lines": [ 76.215144, 76.500609, 77.097279, 77.405494 ] }, { "date": "2024-06-28", "close": 74.442043, "volume": 3028380, "typical_volume": 880493.25, "trend": 77.611093, "fair_value": 76.282462, "relative_strength": -13.949443, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.658433, "energy": 43.30028, "activity_lines": [ 75.458233, 76.155782, 76.824358, 77.205665 ] }, { "date": "2024-07-05", "close": 72.408372, "volume": 768442, "typical_volume": 865688.45, "trend": 77.621071, "fair_value": 76.300836, "relative_strength": -17.317139, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.993887, "energy": 56.966743, "activity_lines": [ 74.31986, 75.444363, 76.361386, 76.870005 ] }, { "date": "2024-07-12", "close": 74.732568, "volume": 781488, "typical_volume": 872557.5, "trend": 77.657456, "fair_value": 76.375245, "relative_strength": -14.909149, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.194426, "energy": 54.213837, "activity_lines": [ 74.27314, 75.218462, 76.139579, 76.68365 ] }, { "date": "2024-07-19", "close": 76.688766, "volume": 1123665, "typical_volume": 889731.5, "trend": 77.480736, "fair_value": 76.441447, "relative_strength": -10.427852, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.281397, "energy": 37.314512, "activity_lines": [ 74.912517, 75.363125, 76.100697, 76.621154 ] }, { "date": "2024-07-26", "close": 85.065553, "volume": 940857, "typical_volume": 907925.95, "trend": 77.575305, "fair_value": 76.560693, "relative_strength": 0.484913, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.640106, "energy": 21.443873, "activity_lines": [ 78.369288, 77.008236, 76.867912, 77.110497 ] }, { "date": "2024-08-02", "close": 83.787246, "volume": 998123, "typical_volume": 929094.6, "trend": 77.63463, "fair_value": 76.683455, "relative_strength": 1.285671, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.948927, "energy": 39.704305, "activity_lines": [ 80.74255, 78.298623, 77.479558, 77.511268 ] }, { "date": "2024-08-09", "close": 82.692937, "volume": 768886, "typical_volume": 934321.0, "trend": 77.641144, "fair_value": 76.776018, "relative_strength": 0.100776, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.093022, "energy": 60.758197, "activity_lines": [ 82.128029, 79.300976, 77.960626, 77.83761 ] }, { "date": "2024-08-16", "close": 82.470202, "volume": 779026, "typical_volume": 946462.0, "trend": 77.735997, "fair_value": 76.902762, "relative_strength": -3.749907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.746325, "energy": 69.144372, "activity_lines": [ 82.753625, 80.162273, 78.427439, 78.149162 ] }, { "date": "2024-08-23", "close": 86.857121, "volume": 383035, "typical_volume": 910825.25, "trend": 78.036012, "fair_value": 76.998657, "relative_strength": 0.093781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.434847, "energy": 76.270751, "activity_lines": [ 84.325685, 81.689788, 79.316261, 78.737622 ] }, { "date": "2024-08-30", "close": 85.724075, "volume": 410958, "typical_volume": 883849.0, "trend": 78.367439, "fair_value": 77.070287, "relative_strength": -1.36909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.151654, "energy": 69.030161, "activity_lines": [ 84.842172, 82.833269, 80.057391, 79.233626 ] }, { "date": "2024-09-06", "close": 84.561978, "volume": 395595, "typical_volume": 854186.65, "trend": 78.679346, "fair_value": 77.138808, "relative_strength": 1.441805, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.103705, "energy": 57.898013, "activity_lines": [ 84.927393, 83.574195, 80.643033, 79.633273 ] }, { "date": "2024-09-13", "close": 87.651221, "volume": 474736, "typical_volume": 821778.4, "trend": 79.048749, "fair_value": 77.23694, "relative_strength": 1.145468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.565456, "energy": 61.874452, "activity_lines": [ 85.990712, 84.692802, 81.475527, 80.212104 ] }, { "date": "2024-09-20", "close": 92.105929, "volume": 824381, "typical_volume": 813658.0, "trend": 79.651515, "fair_value": 77.335093, "relative_strength": 4.764599, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.157216, "energy": 69.281517, "activity_lines": [ 88.208382, 86.344213, 82.676178, 81.054503 ] }, { "date": "2024-09-27", "close": 93.734253, "volume": 564471, "typical_volume": 805446.95, "trend": 80.161551, "fair_value": 77.428251, "relative_strength": 6.024666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.844057, "energy": 78.456524, "activity_lines": [ 90.326445, 87.975804, 83.953077, 81.963067 ] }, { "date": "2024-10-04", "close": 93.85085, "volume": 553688, "typical_volume": 799989.8, "trend": 80.691167, "fair_value": 77.511966, "relative_strength": 5.730505, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.161876, "energy": 82.696818, "activity_lines": [ 92.024898, 89.318677, 85.153992, 82.846247 ] }, { "date": "2024-10-11", "close": 98.271819, "volume": 991577, "typical_volume": 830144.75, "trend": 81.358496, "fair_value": 77.597622, "relative_strength": 9.181211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.371369, "energy": 88.444046, "activity_lines": [ 94.655222, 91.305629, 86.702084, 83.980483 ] }, { "date": "2024-10-18", "close": 93.666238, "volume": 935848, "typical_volume": 845530.7, "trend": 81.675566, "fair_value": 77.692608, "relative_strength": 3.094614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.138589, "energy": 76.307256, "activity_lines": [ 94.836363, 92.191847, 87.719248, 84.774531 ] }, { "date": "2024-10-25", "close": 94.569865, "volume": 1015285, "typical_volume": 868904.45, "trend": 82.049438, "fair_value": 77.82187, "relative_strength": 4.980259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.338465, "energy": 66.837525, "activity_lines": [ 94.917712, 93.042846, 88.743881, 85.606421 ] }, { "date": "2024-11-01", "close": 89.361866, "volume": 935977, "typical_volume": 882264.7, "trend": 82.41141, "fair_value": 77.896295, "relative_strength": 0.70837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.553646, "energy": 48.330576, "activity_lines": [ 93.098799, 92.726943, 89.180481, 86.07819 ] }, { "date": "2024-11-08", "close": 87.768374, "volume": 677851, "typical_volume": 867613.45, "trend": 82.793239, "fair_value": 77.962412, "relative_strength": -5.405939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.761292, "energy": 28.267766, "activity_lines": [ 91.040215, 92.075773, 89.406768, 86.423801 ] }, { "date": "2024-11-15", "close": 89.274419, "volume": 589967, "typical_volume": 745692.8, "trend": 83.281847, "fair_value": 78.018281, "relative_strength": -1.589217, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.295379, "energy": 23.042781, "activity_lines": [ 89.889144, 91.66126, 89.716659, 86.841942 ] }, { "date": "2024-11-22", "close": 91.781254, "volume": 698209, "typical_volume": 742181.15, "trend": 83.812226, "fair_value": 78.107619, "relative_strength": -0.352302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.970683, "energy": 23.774218, "activity_lines": [ 90.173511, 91.616855, 90.194666, 87.390291 ] }, { "date": "2024-11-29", "close": 96.173073, "volume": 509164, "typical_volume": 728564.95, "trend": 84.499608, "fair_value": 78.215933, "relative_strength": 3.19581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.595507, "energy": 30.035726, "activity_lines": [ 92.047483, 92.29587, 90.998689, 88.187764 ] }, { "date": "2024-12-06", "close": 91.285717, "volume": 595917, "typical_volume": 702177.55, "trend": 85.027613, "fair_value": 78.273671, "relative_strength": -2.791829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.802715, "energy": 30.023397, "activity_lines": [ 92.185457, 92.012328, 91.235152, 88.625578 ] }, { "date": "2024-12-13", "close": 86.952196, "volume": 935929, "typical_volume": 701931.15, "trend": 85.314728, "fair_value": 78.31084, "relative_strength": -6.686625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.00252, "energy": 14.179075, "activity_lines": [ 90.750666, 90.985391, 90.98939, 88.749745 ] }, { "date": "2024-12-20", "close": 83.28569, "volume": 734621, "typical_volume": 688756.05, "trend": 85.461301, "fair_value": 78.304245, "relative_strength": -8.558171, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.788363, "energy": 9.180328, "activity_lines": [ 88.148119, 89.417247, 90.385453, 88.618839 ] }, { "date": "2024-12-27", "close": 84.463251, "volume": 339056, "typical_volume": 667264.55, "trend": 85.70467, "fair_value": 78.27743, "relative_strength": -7.482765, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.634426, "energy": 20.095722, "activity_lines": [ 86.337341, 88.33568, 89.896053, 88.554449 ] }, { "date": "2025-01-03", "close": 85.303293, "volume": 425033, "typical_volume": 649564.9, "trend": 86.040012, "fair_value": 78.277035, "relative_strength": -5.684782, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.891463, "energy": 33.409781, "activity_lines": [ 85.294443, 87.574175, 89.478226, 88.528553 ] }, { "date": "2025-01-10", "close": 82.783168, "volume": 703023, "typical_volume": 665564.3, "trend": 86.230593, "fair_value": 78.228068, "relative_strength": -6.278744, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.043514, "energy": 48.405652, "activity_lines": [ 84.136156, 86.522949, 88.806897, 88.318434 ] }, { "date": "2025-01-17", "close": 87.882025, "volume": 971500, "typical_volume": 693591.4, "trend": 86.653179, "fair_value": 78.263153, "relative_strength": -3.105415, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.872906, "energy": 29.967944, "activity_lines": [ 85.244325, 86.5184, 88.640573, 88.424978 ] }, { "date": "2025-01-24", "close": 89.493733, "volume": 599292, "typical_volume": 703776.25, "trend": 87.154902, "fair_value": 78.285567, "relative_strength": -2.835165, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 2.988061, "energy": 7.311095, "activity_lines": [ 86.82774, 86.804823, 88.617469, 88.60824 ] }, { "date": "2025-01-31", "close": 84.766057, "volume": 792991, "typical_volume": 719689.0, "trend": 87.566825, "fair_value": 78.257416, "relative_strength": -6.857231, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.200976, "energy": 12.357467, "activity_lines": [ 86.421395, 86.22768, 88.120626, 88.454121 ] }, { "date": "2025-02-07", "close": 83.349708, "volume": 1023395, "typical_volume": 729639.7, "trend": 87.854063, "fair_value": 78.198733, "relative_strength": -8.098801, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.209031, "energy": 13.769569, "activity_lines": [ 85.522746, 85.520569, 87.502631, 88.182049 ] }, { "date": "2025-02-14", "close": 77.840598, "volume": 1186979, "typical_volume": 760765.1, "trend": 87.892457, "fair_value": 78.122493, "relative_strength": -15.132003, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.632481, "energy": 55.157114, "activity_lines": [ 82.917966, 84.044953, 86.401655, 87.536019 ] }, { "date": "2025-02-21", "close": 77.010324, "volume": 800969, "typical_volume": 773129.15, "trend": 87.623949, "fair_value": 78.034197, "relative_strength": -14.460671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.1805, "energy": 75.437943, "activity_lines": [ 80.365932, 82.662835, 85.29729, 86.833946 ] }, { "date": "2025-02-28", "close": 77.674543, "volume": 968227, "typical_volume": 771961.65, "trend": 87.420193, "fair_value": 77.952543, "relative_strength": -12.615847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.772427, "energy": 77.65508, "activity_lines": [ 78.760085, 81.582246, 84.336377, 86.192049 ] }, { "date": "2025-03-07", "close": 76.199586, "volume": 1217706, "typical_volume": 786054.55, "trend": 87.203748, "fair_value": 77.883183, "relative_strength": -11.306409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.077036, "energy": 81.303344, "activity_lines": [ 77.450532, 80.335504, 83.333074, 85.468139 ] }, { "date": "2025-03-14", "close": 75.125115, "volume": 1028063, "typical_volume": 786693.45, "trend": 86.958911, "fair_value": 77.771869, "relative_strength": -10.271634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.31689, "energy": 81.675874, "activity_lines": [ 76.35392, 79.043651, 82.310614, 84.688872 ] }, { "date": "2025-03-21", "close": 74.664104, "volume": 773270, "typical_volume": 778558.1, "trend": 86.552477, "fair_value": 77.731681, "relative_strength": -10.916693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.967954, "energy": 77.922739, "activity_lines": [ 75.651943, 77.853036, 81.336843, 83.895659 ] }, { "date": "2025-03-28", "close": 74.183476, "volume": 1056026, "typical_volume": 797466.85, "trend": 86.167791, "fair_value": 77.731086, "relative_strength": -9.839678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.674815, "energy": 69.290611, "activity_lines": [ 75.001524, 76.722654, 80.387288, 83.097658 ] }, { "date": "2025-04-04", "close": 72.035362, "volume": 1382504, "typical_volume": 837093.7, "trend": 85.750237, "fair_value": 77.749086, "relative_strength": -3.586126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.388531, "energy": 60.608108, "activity_lines": [ 73.823523, 75.45077, 79.29784, 82.185889 ] }, { "date": "2025-04-11", "close": 73.948066, "volume": 1675954, "typical_volume": 885980.95, "trend": 85.293465, "fair_value": 77.758969, "relative_strength": -6.182671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.861245, "energy": 54.146946, "activity_lines": [ 73.659035, 74.844075, 78.472645, 81.424459 ] }, { "date": "2025-04-18", "close": 71.888231, "volume": 744376, "typical_volume": 897741.55, "trend": 84.619542, "fair_value": 77.696491, "relative_strength": -7.297632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.664766, "energy": 56.891473, "activity_lines": [ 72.958037, 74.059555, 77.536195, 80.559605 ] }, { "date": "2025-04-25", "close": 72.153067, "volume": 1197711, "typical_volume": 927831.25, "trend": 83.900169, "fair_value": 77.632655, "relative_strength": -10.815956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.031899, "energy": 52.451227, "activity_lines": [ 72.56111, 73.531578, 76.740609, 79.755316 ] }, { "date": "2025-05-02", "close": 73.290881, "volume": 657692, "typical_volume": 913919.4, "trend": 83.214837, "fair_value": 77.557232, "relative_strength": -11.751393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.686906, "energy": 46.177229, "activity_lines": [ 72.710857, 73.313886, 76.144495, 79.070846 ] }, { "date": "2025-05-09", "close": 73.114323, "volume": 626501, "typical_volume": 908513.4, "trend": 82.376253, "fair_value": 77.510465, "relative_strength": -11.387201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.371693, "energy": 43.292776, "activity_lines": [ 72.861258, 73.131719, 75.59662, 78.4192 ] }, { "date": "2025-05-16", "close": 73.693039, "volume": 945574, "typical_volume": 938839.3, "trend": 81.71048, "fair_value": 77.460576, "relative_strength": -14.885002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.891833, "energy": 37.943549, "activity_lines": [ 73.132633, 73.137686, 75.152296, 77.858992 ] }, { "date": "2025-05-23", "close": 71.917658, "volume": 658450, "typical_volume": 950510.15, "trend": 80.955407, "fair_value": 77.37611, "relative_strength": -14.469633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.770384, "energy": 37.487939, "activity_lines": [ 72.829216, 72.86643, 74.590174, 77.227197 ] }, { "date": "2025-05-30", "close": 72.172685, "volume": 625013, "typical_volume": 946609.65, "trend": 80.382434, "fair_value": 77.273801, "relative_strength": -15.375156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.804389, "energy": 36.161543, "activity_lines": [ 72.608847, 72.69986, 74.116082, 76.66057 ] }, { "date": "2025-06-06", "close": 73.388968, "volume": 874121, "typical_volume": 941740.7, "trend": 79.90312, "fair_value": 77.219445, "relative_strength": -15.121498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.640759, "energy": 32.569129, "activity_lines": [ 72.792597, 72.799731, 73.808352, 76.209379 ] }, { "date": "2025-06-13", "close": 74.546399, "volume": 910897, "typical_volume": 957320.95, "trend": 79.412186, "fair_value": 77.229447, "relative_strength": -13.255137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.750825, "energy": 25.312737, "activity_lines": [ 73.355618, 73.124489, 73.679869, 75.863784 ] }, { "date": "2025-06-20", "close": 71.731292, "volume": 904543, "typical_volume": 962898.55, "trend": 78.743854, "fair_value": 77.233695, "relative_strength": -16.183073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.101608, "energy": 29.876271, "activity_lines": [ 72.884799, 72.891754, 73.354457, 75.368242 ] }, { "date": "2025-06-27", "close": 71.91254, "volume": 1480371, "typical_volume": 985747.35, "trend": 77.93517, "fair_value": 77.206917, "relative_strength": -18.556172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.239954, "energy": 28.435085, "activity_lines": [ 72.605179, 72.732279, 73.108378, 74.927512 ] }, { "date": "2025-07-04", "close": 75.320997, "volume": 905652, "typical_volume": 971681.0, "trend": 77.403013, "fair_value": 77.203131, "relative_strength": -15.986825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.145184, "energy": 15.875413, "activity_lines": [ 73.462052, 73.192081, 73.241377, 74.758856 ] }, { "date": "2025-07-11", "close": 74.690531, "volume": 966326, "typical_volume": 979948.85, "trend": 76.99429, "fair_value": 77.187302, "relative_strength": -16.287998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.302514, "energy": 11.197077, "activity_lines": [ 73.898883, 73.479654, 73.326329, 74.583857 ] }, { "date": "2025-07-18", "close": 72.927196, "volume": 995173, "typical_volume": 981296.15, "trend": 76.649007, "fair_value": 77.065891, "relative_strength": -18.503778, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.519233, "energy": 10.747465, "activity_lines": [ 73.661164, 73.421173, 73.254391, 74.321464 ] }, { "date": "2025-07-25", "close": 71.094904, "volume": 1743624, "typical_volume": 1007592.05, "trend": 76.203396, "fair_value": 76.958244, "relative_strength": -21.243632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.276329, "energy": 18.931659, "activity_lines": [ 72.920629, 73.03295, 73.030556, 73.963135 ] }, { "date": "2025-08-01", "close": 68.760209, "volume": 1136526, "typical_volume": 1013015.2, "trend": 75.65196, "fair_value": 76.860359, "relative_strength": -21.427523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.327637, "energy": 44.871738, "activity_lines": [ 71.444287, 72.267476, 72.608676, 73.482929 ] }, { "date": "2025-08-08", "close": 70.474289, "volume": 965918, "typical_volume": 1022647.6, "trend": 75.241664, "fair_value": 76.738446, "relative_strength": -20.920678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.479929, "energy": 49.733466, "activity_lines": [ 70.749461, 71.871061, 72.380352, 73.148886 ] }, { "date": "2025-08-15", "close": 73.331089, "volume": 1027656, "typical_volume": 1021229.1, "trend": 74.756632, "fair_value": 76.649526, "relative_strength": -18.10278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.806232, "energy": 37.922514, "activity_lines": [ 71.330015, 72.024944, 72.444055, 73.025623 ] }, { "date": "2025-08-22", "close": 74.818594, "volume": 1084811, "typical_volume": 1006344.45, "trend": 74.267461, "fair_value": 76.56238, "relative_strength": -16.214816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.788879, "energy": 13.810871, "activity_lines": [ 72.497034, 72.450335, 72.653484, 73.029621 ] }, { "date": "2025-08-29", "close": 71.82388, "volume": 2097536, "typical_volume": 1027423.55, "trend": 73.836055, "fair_value": 76.512352, "relative_strength": -19.056559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.536825, "energy": 13.886457, "activity_lines": [ 72.539722, 72.326283, 72.564449, 72.87197 ] }, { "date": "2025-09-05", "close": 73.932002, "volume": 783004, "typical_volume": 1029354.95, "trend": 73.522132, "fair_value": 76.472468, "relative_strength": -16.446287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.519584, "energy": 14.114291, "activity_lines": [ 73.236519, 72.583843, 72.686303, 72.87816 ] }, { "date": "2025-09-12", "close": 74.395, "volume": 1089427, "typical_volume": 1023940.75, "trend": 73.407278, "fair_value": 76.465513, "relative_strength": -16.699505, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.399327, "energy": 12.318138, "activity_lines": [ 73.742862, 72.888867, 72.842519, 72.934475 ] }, { "date": "2025-09-19", "close": 70.907734, "volume": 1188103, "typical_volume": 1050461.3, "trend": 73.203859, "fair_value": 76.49027, "relative_strength": -20.934455, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.673383, "energy": 12.684297, "activity_lines": [ 72.825402, 72.576678, 72.655939, 72.773214 ] }, { "date": "2025-09-26", "close": 66.259181, "volume": 962239, "typical_volume": 1067248.2, "trend": 72.823347, "fair_value": 76.477133, "relative_strength": -25.206549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.035647, "energy": 43.867493, "activity_lines": [ 70.519982, 71.488077, 72.037988, 72.32517 ] }, { "date": "2025-10-03", "close": 67.783519, "volume": 1036311, "typical_volume": 1071785.05, "trend": 72.542811, "fair_value": 76.477513, "relative_strength": -23.623191, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.522397, "energy": 55.680381, "activity_lines": [ 69.293302, 70.797864, 71.597856, 72.00002 ] }, { "date": "2025-10-10", "close": 66.665011, "volume": 1662869, "typical_volume": 1122006.0, "trend": 72.260808, "fair_value": 76.455803, "relative_strength": -22.23721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.574641, "energy": 65.674928, "activity_lines": [ 67.963143, 69.964494, 71.07934, 71.620807 ] }, { "date": "2025-10-17", "close": 66.179995, "volume": 1225965, "typical_volume": 1152053.6, "trend": 71.978004, "fair_value": 76.440468, "relative_strength": -23.422354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.846663, "energy": 69.894619, "activity_lines": [ 66.955778, 69.081033, 70.539644, 71.228496 ] }, { "date": "2025-10-24", "close": 65.011996, "volume": 1185525, "typical_volume": 1167623.8, "trend": 71.672288, "fair_value": 76.389739, "relative_strength": -25.438324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.969266, "energy": 70.870236, "activity_lines": [ 66.106747, 68.063286, 69.917247, 70.779076 ] }, { "date": "2025-10-31", "close": 60.379594, "volume": 1180826, "typical_volume": 1181120.25, "trend": 71.283762, "fair_value": 76.305025, "relative_strength": -30.514459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.935348, "energy": 79.873266, "activity_lines": [ 64.106632, 66.354541, 68.893559, 70.050516 ] }, { "date": "2025-11-07", "close": 58.399936, "volume": 1291340, "typical_volume": 1200460.1, "trend": 70.765491, "fair_value": 76.179172, "relative_strength": -31.042097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.446991, "energy": 85.180318, "activity_lines": [ 61.838603, 64.548386, 67.748793, 69.219301 ] }, { "date": "2025-11-14", "close": 59.666917, "volume": 967094, "typical_volume": 1174796.25, "trend": 70.358114, "fair_value": 76.069292, "relative_strength": -28.938021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.580798, "energy": 84.354314, "activity_lines": [ 60.618473, 63.216662, 66.788174, 68.503264 ] }, { "date": "2025-11-21", "close": 59.112613, "volume": 1450031, "typical_volume": 1202015.2, "trend": 69.923432, "fair_value": 75.948912, "relative_strength": -27.480279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.974301, "energy": 85.763465, "activity_lines": [ 59.680115, 62.043521, 65.833078, 67.777748 ] }, { "date": "2025-11-28", "close": 60.874509, "volume": 1204252, "typical_volume": 1213911.5, "trend": 69.509553, "fair_value": 75.868338, "relative_strength": -27.160161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.252188, "energy": 77.885146, "activity_lines": [ 59.800214, 61.468587, 65.122963, 67.193946 ] }, { "date": "2025-12-05", "close": 61.705966, "volume": 1066143, "typical_volume": 1217460.0, "trend": 69.129275, "fair_value": 75.804329, "relative_strength": -25.688242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.812619, "energy": 54.519857, "activity_lines": [ 60.473298, 61.227248, 64.557826, 66.690489 ] }, { "date": "2025-12-12", "close": 59.47885, "volume": 1563632, "typical_volume": 1208460.4, "trend": 68.655468, "fair_value": 75.749481, "relative_strength": -27.282928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.747714, "energy": 51.984038, "activity_lines": [ 60.315586, 60.663766, 63.834017, 66.067881 ] }, { "date": "2025-12-19", "close": 58.657291, "volume": 1242340, "typical_volume": 1213751.1, "trend": 68.213456, "fair_value": 75.697461, "relative_strength": -27.722913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.0141, "energy": 50.655138, "activity_lines": [ 59.812092, 60.101902, 63.087278, 65.422837 ] }, { "date": "2025-12-26", "close": 59.953968, "volume": 570733, "typical_volume": 1193991.85, "trend": 67.806166, "fair_value": 75.643347, "relative_strength": -26.492438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.957442, "energy": 47.224262, "activity_lines": [ 59.808133, 59.921393, 62.512142, 64.889967 ] }, { "date": "2026-01-02", "close": 62.49002, "volume": 780567, "typical_volume": 1181637.4, "trend": 67.442867, "fair_value": 75.586811, "relative_strength": -21.89172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.309381, "energy": 38.340683, "activity_lines": [ 60.593434, 60.315185, 62.228631, 64.54699 ] }, { "date": "2026-01-09", "close": 65.962793, "volume": 1722458, "typical_volume": 1213519.75, "trend": 67.156747, "fair_value": 75.569396, "relative_strength": -18.184235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.558032, "energy": 17.266946, "activity_lines": [ 62.428625, 61.386245, 62.327485, 64.451501 ] }, { "date": "2026-01-16", "close": 69.734086, "volume": 1312756, "typical_volume": 1174280.75, "trend": 67.090174, "fair_value": 75.564512, "relative_strength": -12.510489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 13.559628, "energy": 24.283595, "activity_lines": [ 65.237126, 63.041481, 62.82768, 64.617781 ] }, { "date": "2026-01-23", "close": 71.803819, "volume": 1333607, "typical_volume": 1201810.9, "trend": 67.08655, "fair_value": 75.497326, "relative_strength": -8.916037, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 42.653975, "energy": 46.883762, "activity_lines": [ 68.051855, 64.866957, 63.534944, 64.921887 ] }, { "date": "2026-01-30", "close": 68.022576, "volume": 1033818, "typical_volume": 1199030.45, "trend": 66.843269, "fair_value": 75.407842, "relative_strength": -13.410831, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.434613, "energy": 48.369191, "activity_lines": [ 68.729735, 65.784263, 63.892224, 64.982276 ] }, { "date": "2026-02-06", "close": 73.007847, "volume": 1323366, "typical_volume": 1205793.6, "trend": 66.787179, "fair_value": 75.358806, "relative_strength": -6.333419, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.121614, "energy": 67.059466, "activity_lines": [ 70.531464, 67.445983, 64.754636, 65.379991 ] }, { "date": "2026-02-13", "close": 73.21681, "volume": 1367747, "typical_volume": 1226069.0, "trend": 66.796833, "fair_value": 75.35593, "relative_strength": -4.488886, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.215114, "energy": 66.649636, "activity_lines": [ 71.701659, 68.92509, 65.626949, 65.794806 ] }, { "date": "2026-02-20", "close": 66.967808, "volume": 1116749, "typical_volume": 1230090.9, "trend": 66.659263, "fair_value": 75.326763, "relative_strength": -13.127535, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.815443, "energy": 35.326229, "activity_lines": [ 70.305253, 69.058727, 65.870987, 65.805836 ] }, { "date": "2026-02-27", "close": 66.151856, "volume": 1074458, "typical_volume": 1200670.35, "trend": 66.572318, "fair_value": 75.281691, "relative_strength": -13.221013, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.716492, "energy": 22.984439, "activity_lines": [ 68.821281, 68.907846, 66.0412, 65.7731 ] }, { "date": "2026-03-06", "close": 64.848322, "volume": 948104, "typical_volume": 1186777.3, "trend": 66.384786, "fair_value": 75.256101, "relative_strength": -12.643495, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.563531, "energy": 7.841741, "activity_lines": [ 67.279595, 68.383694, 66.08971, 65.661875 ] }, { "date": "2026-03-13", "close": 64.51, "volume": 945167, "typical_volume": 1174759.4, "trend": 66.09075, "fair_value": 75.223109, "relative_strength": -11.193057, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -7.193134, "energy": 18.06728, "activity_lines": [ 65.836752, 67.70904, 66.112341, 65.540921 ] }, { "date": "2026-03-20", "close": 59.96, "volume": 1449106, "typical_volume": 1188173.4, "trend": 65.595463, "fair_value": 75.185188, "relative_strength": -15.32977, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.455139, "energy": 30.074996, "activity_lines": [ 63.443766, 66.170387, 65.704029, 65.145389 ] }, { "date": "2026-03-27", "close": 63.83, "volume": 717366, "typical_volume": 1159474.7, "trend": 65.329001, "fair_value": 75.160504, "relative_strength": -7.245053, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.346587, "energy": 26.495878, "activity_lines": [ 63.224567, 65.444512, 65.666286, 65.031488 ] }, { "date": "2026-04-03", "close": 65.15, "volume": 887653, "typical_volume": 1155502.65, "trend": 65.036267, "fair_value": 75.140079, "relative_strength": -7.731725, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.165393, "energy": 22.942853, "activity_lines": [ 63.654555, 65.065984, 65.7284, 65.019939 ] }, { "date": "2026-04-10", "close": 64.75, "volume": 856220, "typical_volume": 1125812.1, "trend": 64.714767, "fair_value": 75.08457, "relative_strength": -10.773593, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.879323, "energy": 16.083166, "activity_lines": [ 64.018, 64.735708, 65.726309, 65.00147 ] }, { "date": "2026-04-17", "close": 66.79, "volume": 991568, "typical_volume": 1115177.9, "trend": 64.577509, "fair_value": 75.051699, "relative_strength": -11.234221, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.497141, "energy": 12.724744, "activity_lines": [ 65.068, 64.835841, 65.891659, 65.135356 ] }, { "date": "2026-04-24", "close": 65.141783, "volume": 625021, "typical_volume": 1093121.8, "trend": 64.540263, "fair_value": 75.028542, "relative_strength": -13.235243, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.735919, "energy": 14.442098, "activity_lines": [ 65.416594, 64.749351, 65.871867, 65.171761 ] }, { "date": "2026-05-01", "close": 62.105682, "volume": 872441, "typical_volume": 1058562.25, "trend": 64.351002, "fair_value": 74.969663, "relative_strength": -17.375183, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.260114, "energy": 4.624303, "activity_lines": [ 64.407703, 64.257661, 65.546561, 65.014691 ] }, { "date": "2026-05-08", "close": 61.558189, "volume": 871482, "typical_volume": 1040019.35, "trend": 64.180774, "fair_value": 74.911841, "relative_strength": -19.279462, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.32168, "energy": 16.422921, "activity_lines": [ 63.331268, 63.754829, 65.156604, 64.83451 ] }, { "date": "2026-05-15", "close": 58.950128, "volume": 762064, "typical_volume": 1049585.9, "trend": 63.939779, "fair_value": 74.829872, "relative_strength": -22.200265, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.868781, "energy": 43.877133, "activity_lines": [ 61.624934, 62.861326, 64.504447, 64.497049 ] }, { "date": "2026-05-22", "close": 61.817004, "volume": 722728, "typical_volume": 1046693.95, "trend": 63.833279, "fair_value": 74.791492, "relative_strength": -18.471411, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.286954, "energy": 46.665978, "activity_lines": [ 61.260883, 62.596312, 64.130106, 64.360096 ] }, { "date": "2026-05-29", "close": 68.50638, "volume": 825681, "typical_volume": 1001855.1, "trend": 64.104172, "fair_value": 74.798977, "relative_strength": -10.379316, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.126151, "energy": 8.044726, "activity_lines": [ 63.458157, 63.596513, 64.396053, 64.661586 ] }, { "date": "2026-06-05", "close": 65.699231, "volume": 952636, "typical_volume": 983849.1, "trend": 64.347482, "fair_value": 74.758688, "relative_strength": -11.257662, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.749589, "energy": 3.518247, "activity_lines": [ 64.495409, 63.930933, 64.38254, 64.764493 ] }, { "date": "2026-06-12", "close": 68.725377, "volume": 1477023, "typical_volume": 991019.9, "trend": 64.64943, "fair_value": 74.714776, "relative_strength": -7.09688, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.455433, "energy": 31.308886, "activity_lines": [ 66.301806, 64.781576, 64.676446, 65.046938 ] }, { "date": "2026-06-19", "close": 69.880091, "volume": 910593, "typical_volume": 984858.65, "trend": 65.008346, "fair_value": 74.666825, "relative_strength": -5.890674, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.064063, "energy": 42.996913, "activity_lines": [ 68.015295, 65.777161, 65.094983, 65.3844 ] }, { "date": "2026-06-26", "close": 69.48, "volume": 1044278, "typical_volume": 970904.25, "trend": 65.295196, "fair_value": 74.586663, "relative_strength": -3.724207, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.041288, "energy": 58.059069, "activity_lines": [ 68.866756, 66.606727, 65.466571, 65.672894 ] }, { "date": "2026-07-03", "close": 69.64, "volume": 602168, "typical_volume": 932625.3, "trend": 65.559664, "fair_value": 74.517184, "relative_strength": -5.026679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.763425, "energy": 59.386016, "activity_lines": [ 69.260684, 67.416475, 65.870196, 65.953204 ] }, { "date": "2026-07-10", "close": 67.27, "volume": 747449, "typical_volume": 914160.3, "trend": 65.819369, "fair_value": 74.413382, "relative_strength": -8.925632, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.651337, "energy": 48.382538, "activity_lines": [ 68.789037, 67.713528, 66.06514, 66.063548 ] }, { "date": "2026-07-17", "close": 70.41, "volume": 991042, "typical_volume": 909989.5, "trend": 66.211126, "fair_value": 74.33417, "relative_strength": -2.744026, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.820531, "energy": 37.253407, "activity_lines": [ 69.259339, 68.487593, 66.557692, 66.359718 ] }, { "date": "2026-07-24", "close": 66.19, "volume": 1408411, "typical_volume": 933004.85, "trend": 66.418993, "fair_value": 74.237625, "relative_strength": -7.609465, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 11.727192, "energy": 12.472356, "activity_lines": [ 68.210667, 68.333444, 66.628063, 66.358355 ] }, { "date": "2026-07-31", "close": 64.85, "volume": 1192801, "typical_volume": 945386.55, "trend": 66.497659, "fair_value": 74.171487, "relative_strength": -10.01502, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.809064, "energy": 5.326668, "activity_lines": [ 66.961333, 67.804024, 66.564425, 66.257129 ] }, { "date": "2026-08-07", "close": 72.14, "volume": 1373017, "typical_volume": 941582.1, "trend": 66.703566, "fair_value": 74.161677, "relative_strength": -2.936475, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.115356, "energy": 15.132018, "activity_lines": [ 68.450667, 68.544914, 67.193454, 66.621151 ] } ], "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." } } }