{ "ticker": { "uuid": "a7ba729e-9a7b-4ea9-8c67-c5bc306f3a69", "symbol": "HTH", "name": "Hilltop Holdings Inc", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 69.369, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 52.26, "architecture_energy": 30.976, "architecture_maturity": 39.448, "architecture_confidence": 61.566, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 25.45, "rotation_up": 46.16, "upward_expansion": 74.01, "deceleration": 63.39, "rotation_down": 20.52, "downward_expansion": 3.01 }, "activity_lines": [ 38.911391, 38.774843, 38.272578, 37.846602 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 39.04, "trend_reference": 37.423145, "distance_from_trend": 0.043205, "trend_direction": "Improving", "fair_value": 31.589035, "distance_from_fair_value": 0.235872, "fair_value_direction": "Improving", "relative_strength": -2.540748, "relative_strength_direction": "Weakening", "price_momentum": -0.009624, "excess_performance": -0.135249, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043205, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043559, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.235872, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011292, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025407, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026359, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.009624, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.129769, "read": "Demand-led" } ], "volume": { "latest": 1223041, "relative_activity": 0.853272, "balance": 1.129769, "dry_up": 0.897348, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.049447, "annualized_volatility": 0.192521, "from_high_reference": -0.027496, "from_low_reference": 0.310276 }, "levels": { "trend_reference": 37.423145, "fair_value_reference": 31.589035, "structural_low": 33.860653, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.002776, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.009475, "regime_survival": 0.6875, "best_return": 0.129022, "worst_return": -0.107014, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.021052, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.040523, "regime_survival": 0.428571, "best_return": 0.096172, "worst_return": -0.238751, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.08893, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.008559, "regime_survival": 0.4, "best_return": 0.153289, "worst_return": -0.182599, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.003849, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.074084, "regime_survival": 0.75, "best_return": 0.25585, "worst_return": -0.113796, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-05-10", "tenure": "Established", "return": 0.028245, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-07-19", "tenure": "Developing", "return": 0.057944, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-26", "end": "2024-08-16", "tenure": "New", "return": -0.079333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2025-01-03", "tenure": "Established", "return": -0.141768, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": 0.153431, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": -0.045952, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.0818, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.063191, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-11", "tenure": "Developing", "return": -0.003569, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-10-03", "tenure": "Developing", "return": 0.065082, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": 0.065445, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-28", "end": "2026-03-13", "tenure": "Established", "return": 0.017686, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.058331, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.031995, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 28.563926, "volume": 1290819, "typical_volume": 1590732.55, "trend": 29.194302, "fair_value": 27.915314, "relative_strength": -5.413105, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.104836, "energy": 15.472775, "activity_lines": [ 28.774913, 28.889572, 29.035578, 28.968785 ] }, { "date": "2023-08-25", "close": 28.1778, "volume": 1963994, "typical_volume": 1628479.65, "trend": 29.131024, "fair_value": 27.977703, "relative_strength": -7.445019, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.420886, "energy": 25.027323, "activity_lines": [ 28.596953, 28.744065, 28.968278, 28.903204 ] }, { "date": "2023-09-01", "close": 28.987724, "volume": 937644, "typical_volume": 1581965.75, "trend": 29.033824, "fair_value": 28.044025, "relative_strength": -7.224858, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.220042, "energy": 12.54434, "activity_lines": [ 28.695618, 28.769266, 28.969636, 28.893959 ] }, { "date": "2023-09-08", "close": 27.2737, "volume": 920985, "typical_volume": 1519563.15, "trend": 28.895563, "fair_value": 28.107834, "relative_strength": -11.586344, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.761658, "energy": 36.544769, "activity_lines": [ 28.235562, 28.474343, 28.80079, 28.780402 ] }, { "date": "2023-09-15", "close": 27.471472, "volume": 1554957, "typical_volume": 1516383.55, "trend": 28.729095, "fair_value": 28.175373, "relative_strength": -10.763993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.819506, "energy": 44.829026, "activity_lines": [ 27.888991, 28.255436, 28.657081, 28.688526 ] }, { "date": "2023-09-22", "close": 26.397852, "volume": 1667891, "typical_volume": 1507027.95, "trend": 28.570338, "fair_value": 28.227784, "relative_strength": -11.605429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.440327, "energy": 57.961397, "activity_lines": [ 27.3233, 27.873017, 28.417993, 28.538123 ] }, { "date": "2023-09-29", "close": 26.708637, "volume": 1791314, "typical_volume": 1519896.6, "trend": 28.433437, "fair_value": 28.278638, "relative_strength": -9.88103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.091572, "energy": 62.576178, "activity_lines": [ 27.005609, 27.604279, 28.222883, 28.418013 ] }, { "date": "2023-10-06", "close": 26.61446, "volume": 1345268, "typical_volume": 1512581.05, "trend": 28.389405, "fair_value": 28.327571, "relative_strength": -10.536889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.366204, "energy": 61.626922, "activity_lines": [ 26.75447, 27.346944, 28.028684, 28.30066 ] }, { "date": "2023-10-13", "close": 26.134156, "volume": 779916, "typical_volume": 1487221.15, "trend": 28.359189, "fair_value": 28.368386, "relative_strength": -12.379725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.346789, "energy": 64.836801, "activity_lines": [ 26.501447, 27.048873, 27.800097, 28.15516 ] }, { "date": "2023-10-20", "close": 25.597347, "volume": 2137854, "typical_volume": 1518510.1, "trend": 28.290264, "fair_value": 28.408223, "relative_strength": -11.875647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.931892, "energy": 68.476141, "activity_lines": [ 26.145458, 26.686891, 27.533269, 27.976977 ] }, { "date": "2023-10-27", "close": 25.719777, "volume": 1951837, "typical_volume": 1530873.6, "trend": 28.225729, "fair_value": 28.442489, "relative_strength": -8.989743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.062115, "energy": 68.102535, "activity_lines": [ 25.95522, 26.419085, 27.299073, 27.811139 ] }, { "date": "2023-11-03", "close": 28.130712, "volume": 1607095, "typical_volume": 1506741.05, "trend": 28.283505, "fair_value": 28.490892, "relative_strength": -5.773574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.244804, "energy": 34.635349, "activity_lines": [ 26.613832, 26.641343, 27.316932, 27.805009 ] }, { "date": "2023-11-10", "close": 27.236029, "volume": 2043758, "typical_volume": 1531198.6, "trend": 28.273862, "fair_value": 28.528178, "relative_strength": -9.718014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.330722, "energy": 25.852737, "activity_lines": [ 26.879412, 26.701788, 27.255949, 27.737429 ] }, { "date": "2023-11-17", "close": 29.10164, "volume": 1580604, "typical_volume": 1553150.45, "trend": 28.290676, "fair_value": 28.575872, "relative_strength": -5.597974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.182718, "energy": 14.800738, "activity_lines": [ 27.725424, 27.133283, 27.378763, 27.790834 ] }, { "date": "2023-11-24", "close": 28.078868, "volume": 754993, "typical_volume": 1541314.1, "trend": 28.262833, "fair_value": 28.612813, "relative_strength": -9.623106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.173557, "energy": 23.740367, "activity_lines": [ 28.032679, 27.345585, 27.405957, 27.777169 ] }, { "date": "2023-12-01", "close": 29.13005, "volume": 1066958, "typical_volume": 1544633.8, "trend": 28.253251, "fair_value": 28.6527, "relative_strength": -6.893287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.789937, "energy": 28.262807, "activity_lines": [ 28.524894, 27.737967, 27.538671, 27.833119 ] }, { "date": "2023-12-08", "close": 30.361164, "volume": 986193, "typical_volume": 1480050.7, "trend": 28.305839, "fair_value": 28.698064, "relative_strength": -3.108426, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.211523, "energy": 47.293877, "activity_lines": [ 29.200129, 28.304512, 27.790598, 27.969113 ] }, { "date": "2023-12-15", "close": 32.302536, "volume": 2568862, "typical_volume": 1506285.3, "trend": 28.415957, "fair_value": 28.74708, "relative_strength": 0.708599, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.166815, "energy": 66.71397, "activity_lines": [ 30.373791, 29.157624, 28.217495, 28.226965 ] }, { "date": "2023-12-22", "close": 33.079085, "volume": 1818077, "typical_volume": 1525325.15, "trend": 28.557268, "fair_value": 28.802166, "relative_strength": 2.281664, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.114063, "energy": 78.621549, "activity_lines": [ 31.468535, 30.048507, 28.703467, 28.527812 ] }, { "date": "2023-12-29", "close": 33.344248, "volume": 1189562, "typical_volume": 1497929.05, "trend": 28.668691, "fair_value": 28.857802, "relative_strength": 2.850411, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.633283, "energy": 90.521537, "activity_lines": [ 32.386504, 30.86133, 29.190444, 28.836649 ] }, { "date": "2024-01-05", "close": 32.378297, "volume": 1479466, "typical_volume": 1507361.4, "trend": 28.733549, "fair_value": 28.901958, "relative_strength": 1.583781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.207336, "energy": 84.086078, "activity_lines": [ 32.631465, 31.357673, 29.567371, 29.075979 ] }, { "date": "2024-01-12", "close": 32.122604, "volume": 1498716, "typical_volume": 1484097.5, "trend": 28.822052, "fair_value": 28.944476, "relative_strength": -0.866129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.929691, "energy": 77.578338, "activity_lines": [ 32.574644, 31.686463, 29.901783, 29.294627 ] }, { "date": "2024-01-19", "close": 31.554398, "volume": 2259437, "typical_volume": 1550187.15, "trend": 28.92316, "fair_value": 28.957258, "relative_strength": -3.577868, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.52897, "energy": 53.384074, "activity_lines": [ 32.210992, 31.839362, 30.163296, 29.470908 ] }, { "date": "2024-01-26", "close": 31.705919, "volume": 1737632, "typical_volume": 1591019.5, "trend": 28.997462, "fair_value": 28.987851, "relative_strength": -3.826036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.487222, "energy": 42.660213, "activity_lines": [ 31.947723, 31.941295, 30.427017, 29.65044 ] }, { "date": "2024-02-02", "close": 29.309982, "volume": 2231656, "typical_volume": 1624854.45, "trend": 29.000644, "fair_value": 29.000499, "relative_strength": -11.858997, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.087494, "energy": 20.829735, "activity_lines": [ 30.977352, 31.560252, 30.441447, 29.670603 ] }, { "date": "2024-02-09", "close": 29.433094, "volume": 1587233, "typical_volume": 1620821.55, "trend": 28.996998, "fair_value": 29.00531, "relative_strength": -12.210077, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.443572, "energy": 23.321988, "activity_lines": [ 30.31697, 31.179209, 30.458848, 29.698503 ] }, { "date": "2024-02-16", "close": 29.709237, "volume": 1684946, "typical_volume": 1615503.15, "trend": 29.044721, "fair_value": 29.009411, "relative_strength": -10.534653, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.073225, "energy": 23.99201, "activity_lines": [ 29.944983, 30.842865, 30.488094, 29.744454 ] }, { "date": "2024-02-23", "close": 29.347394, "volume": 834335, "typical_volume": 1589956.5, "trend": 29.0504, "fair_value": 29.006922, "relative_strength": -12.518156, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.822382, "energy": 19.539077, "activity_lines": [ 29.613272, 30.452583, 30.46859, 29.763981 ] }, { "date": "2024-03-01", "close": 29.175994, "volume": 1068258, "typical_volume": 1604373.6, "trend": 29.09003, "fair_value": 28.992201, "relative_strength": -13.359474, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.724813, "energy": 19.085757, "activity_lines": [ 29.371562, 30.084869, 30.419749, 29.772084 ] }, { "date": "2024-03-08", "close": 30.147258, "volume": 1627794, "typical_volume": 1578870.6, "trend": 29.109845, "fair_value": 28.958321, "relative_strength": -9.892682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.626605, "energy": 13.842843, "activity_lines": [ 29.622268, 29.964712, 30.448924, 29.840292 ] }, { "date": "2024-03-15", "close": 28.614185, "volume": 1648095, "typical_volume": 1563683.5, "trend": 29.111521, "fair_value": 28.922056, "relative_strength": -14.067208, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.069096, "energy": 18.565527, "activity_lines": [ 29.306131, 29.623943, 30.310426, 29.808314 ] }, { "date": "2024-03-22", "close": 28.947462, "volume": 1147100, "typical_volume": 1540683.75, "trend": 29.137176, "fair_value": 28.904659, "relative_strength": -14.577459, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.287103, "energy": 21.44024, "activity_lines": [ 29.15568, 29.412208, 30.189886, 29.79773 ] }, { "date": "2024-03-29", "close": 29.823504, "volume": 822604, "typical_volume": 1479626.05, "trend": 29.165035, "fair_value": 28.897319, "relative_strength": -12.005379, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.212554, "energy": 10.104956, "activity_lines": [ 29.348029, 29.417482, 30.148889, 29.842009 ] }, { "date": "2024-04-05", "close": 28.899851, "volume": 1212533, "typical_volume": 1461222.5, "trend": 29.21924, "fair_value": 28.892423, "relative_strength": -13.718904, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.83509, "energy": 20.013421, "activity_lines": [ 29.200752, 29.286291, 30.007604, 29.8249 ] }, { "date": "2024-04-12", "close": 28.109509, "volume": 1214958, "typical_volume": 1484220.75, "trend": 29.240508, "fair_value": 28.876865, "relative_strength": -14.510561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.970694, "energy": 23.111884, "activity_lines": [ 28.808438, 29.062421, 29.792009, 29.753305 ] }, { "date": "2024-04-19", "close": 28.557052, "volume": 1520967, "typical_volume": 1506921.2, "trend": 29.312482, "fair_value": 28.862676, "relative_strength": -10.055734, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.895548, "energy": 23.584079, "activity_lines": [ 28.701155, 28.941749, 29.618891, 29.709211 ] }, { "date": "2024-04-26", "close": 28.909373, "volume": 1779671, "typical_volume": 1546595.1, "trend": 29.385839, "fair_value": 28.844918, "relative_strength": -10.928234, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.861873, "energy": 29.809719, "activity_lines": [ 28.71512, 28.901063, 29.482056, 29.683204 ] }, { "date": "2024-05-03", "close": 29.823504, "volume": 1595385, "typical_volume": 1497921.25, "trend": 29.492808, "fair_value": 28.828867, "relative_strength": -8.269499, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.697067, "energy": 16.223885, "activity_lines": [ 29.036336, 29.041126, 29.439195, 29.71144 ] }, { "date": "2024-05-10", "close": 30.137839, "volume": 1028111, "typical_volume": 1458422.95, "trend": 29.626264, "fair_value": 28.809282, "relative_strength": -8.640756, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.187473, "energy": 6.835407, "activity_lines": [ 29.46233, 29.229684, 29.438075, 29.753055 ] }, { "date": "2024-05-17", "close": 30.731405, "volume": 1284536, "typical_volume": 1463171.65, "trend": 29.797399, "fair_value": 28.795701, "relative_strength": -8.014593, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.561443, "energy": 23.134642, "activity_lines": [ 30.003646, 29.508675, 29.507491, 29.824355 ] }, { "date": "2024-05-24", "close": 29.869777, "volume": 932096, "typical_volume": 1435803.15, "trend": 29.935732, "fair_value": 28.77214, "relative_strength": -10.229563, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.492623, "energy": 18.698741, "activity_lines": [ 30.08296, 29.620386, 29.50729, 29.829024 ] }, { "date": "2024-05-31", "close": 29.285784, "volume": 995751, "typical_volume": 1410654.9, "trend": 29.974235, "fair_value": 28.741652, "relative_strength": -11.21541, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.138561, "energy": 15.010043, "activity_lines": [ 29.880095, 29.603087, 29.463415, 29.787092 ] }, { "date": "2024-06-07", "close": 28.989001, "volume": 980573, "typical_volume": 1346711.7, "trend": 30.032667, "fair_value": 28.712792, "relative_strength": -12.737455, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.496359, "energy": 12.15267, "activity_lines": [ 29.553208, 29.525676, 29.404784, 29.723529 ] }, { "date": "2024-06-14", "close": 27.964621, "volume": 1525965, "typical_volume": 1336128.35, "trend": 29.994767, "fair_value": 28.687091, "relative_strength": -16.762858, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.262166, "energy": 37.97167, "activity_lines": [ 28.940495, 29.277187, 29.260809, 29.590106 ] }, { "date": "2024-06-21", "close": 27.840164, "volume": 2053314, "typical_volume": 1327211.25, "trend": 29.98681, "fair_value": 28.649593, "relative_strength": -17.261986, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.641449, "energy": 59.61251, "activity_lines": [ 28.431177, 29.023074, 29.122797, 29.4511 ] }, { "date": "2024-06-28", "close": 29.946366, "volume": 1745269, "typical_volume": 1335113.05, "trend": 30.01402, "fair_value": 28.632138, "relative_strength": -10.610039, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.96672, "energy": 37.385369, "activity_lines": [ 28.816676, 29.156804, 29.192375, 29.44849 ] }, { "date": "2024-07-05", "close": 28.74966, "volume": 736157, "typical_volume": 1287673.6, "trend": 29.960303, "fair_value": 28.608516, "relative_strength": -15.378938, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.335451, "energy": 39.303705, "activity_lines": [ 28.798167, 29.047691, 29.145536, 29.366919 ] }, { "date": "2024-07-12", "close": 30.635668, "volume": 1710070, "typical_volume": 1331460.35, "trend": 29.904741, "fair_value": 28.61076, "relative_strength": -10.352233, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -1.643359, "energy": 3.49461, "activity_lines": [ 29.444068, 29.284392, 29.282887, 29.410491 ] }, { "date": "2024-07-19", "close": 32.512103, "volume": 2338504, "typical_volume": 1394972.65, "trend": 29.885842, "fair_value": 28.634584, "relative_strength": -2.826606, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 46.702629, "energy": 37.932877, "activity_lines": [ 30.605671, 29.847496, 29.592811, 29.578708 ] }, { "date": "2024-07-26", "close": 32.703576, "volume": 1602551, "typical_volume": 1393710.5, "trend": 29.864486, "fair_value": 28.66085, "relative_strength": -1.291497, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.728787, "energy": 60.441848, "activity_lines": [ 31.527932, 30.402245, 29.905085, 29.760497 ] }, { "date": "2024-08-02", "close": 30.27187, "volume": 1920361, "typical_volume": 1407323.8, "trend": 29.794272, "fair_value": 28.661399, "relative_strength": -6.454023, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.40241, "energy": 50.88115, "activity_lines": [ 31.315397, 30.479009, 29.973594, 29.78678 ] }, { "date": "2024-08-09", "close": 29.266637, "volume": 1672513, "typical_volume": 1433594.45, "trend": 29.699073, "fair_value": 28.6562, "relative_strength": -9.221013, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.599631, "energy": 47.424103, "activity_lines": [ 30.746084, 30.365692, 29.938474, 29.752739 ] }, { "date": "2024-08-16", "close": 30.109118, "volume": 1561638, "typical_volume": 1470546.15, "trend": 29.650897, "fair_value": 28.654717, "relative_strength": -9.854803, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 45.438344, "energy": 22.7804, "activity_lines": [ 30.423134, 30.405901, 29.982069, 29.779193 ] }, { "date": "2024-08-23", "close": 31.793611, "volume": 1429333, "typical_volume": 1481386.15, "trend": 29.65382, "fair_value": 28.659792, "relative_strength": -5.883815, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.745956, "energy": 20.646267, "activity_lines": [ 30.696784, 30.732016, 30.184733, 29.917433 ] }, { "date": "2024-08-30", "close": 31.620349, "volume": 1504472, "typical_volume": 1495861.85, "trend": 29.730832, "fair_value": 28.670785, "relative_strength": -6.382841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.683891, "energy": 26.283571, "activity_lines": [ 30.960579, 30.957011, 30.357115, 30.044306 ] }, { "date": "2024-09-06", "close": 30.34976, "volume": 862774, "typical_volume": 1462952.2, "trend": 29.761388, "fair_value": 28.677525, "relative_strength": -6.088579, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.451164, "energy": 21.697384, "activity_lines": [ 30.87306, 30.882259, 30.391771, 30.084237 ] }, { "date": "2024-09-13", "close": 31.119814, "volume": 1100849, "typical_volume": 1429011.1, "trend": 29.808407, "fair_value": 28.690654, "relative_strength": -7.199362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.950794, "energy": 32.481676, "activity_lines": [ 31.037033, 30.940182, 30.491229, 30.171877 ] }, { "date": "2024-09-20", "close": 31.591472, "volume": 1868639, "typical_volume": 1442673.8, "trend": 29.88321, "fair_value": 28.703031, "relative_strength": -6.916249, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.965118, "energy": 30.59213, "activity_lines": [ 31.23468, 31.040768, 30.62508, 30.286913 ] }, { "date": "2024-09-27", "close": 30.369011, "volume": 1117102, "typical_volume": 1447123.35, "trend": 29.922977, "fair_value": 28.70484, "relative_strength": -10.729658, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.973889, "energy": 20.459033, "activity_lines": [ 30.926017, 30.90171, 30.634088, 30.318255 ] }, { "date": "2024-10-04", "close": 30.109118, "volume": 1932863, "typical_volume": 1479539.7, "trend": 29.921705, "fair_value": 28.702428, "relative_strength": -11.433534, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.11463, "energy": 12.417237, "activity_lines": [ 30.625696, 30.754364, 30.617243, 30.330265 ] }, { "date": "2024-10-11", "close": 30.109118, "volume": 1653941, "typical_volume": 1515631.95, "trend": 29.971537, "fair_value": 28.700132, "relative_strength": -12.173446, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.552332, "energy": 12.07613, "activity_lines": [ 30.426124, 30.654189, 30.603362, 30.342356 ] }, { "date": "2024-10-18", "close": 30.879172, "volume": 1613384, "typical_volume": 1546513.6, "trend": 30.035927, "fair_value": 28.696615, "relative_strength": -10.443652, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.564485, "energy": 15.559184, "activity_lines": [ 30.499279, 30.696984, 30.661679, 30.400913 ] }, { "date": "2024-10-25", "close": 29.07917, "volume": 1592410, "typical_volume": 1577105.45, "trend": 30.011116, "fair_value": 28.677144, "relative_strength": -14.486084, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.761054, "energy": 16.234268, "activity_lines": [ 29.988476, 30.383187, 30.54098, 30.339187 ] }, { "date": "2024-11-01", "close": 29.512326, "volume": 2263438, "typical_volume": 1613979.1, "trend": 30.031532, "fair_value": 28.645171, "relative_strength": -11.593739, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.905261, "energy": 24.528313, "activity_lines": [ 29.789545, 30.166872, 30.461104, 30.307007 ] }, { "date": "2024-11-08", "close": 31.466338, "volume": 2982692, "typical_volume": 1660448.0, "trend": 30.143426, "fair_value": 28.630779, "relative_strength": -9.720043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.27901, "energy": 11.459595, "activity_lines": [ 30.299064, 30.34731, 30.559955, 30.399575 ] }, { "date": "2024-11-15", "close": 30.943834, "volume": 1569754, "typical_volume": 1651672.25, "trend": 30.222985, "fair_value": 28.616883, "relative_strength": -8.95489, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.798097, "energy": 12.489369, "activity_lines": [ 30.543934, 30.435547, 30.591776, 30.451214 ] }, { "date": "2024-11-22", "close": 31.224438, "volume": 1011325, "typical_volume": 1665430.65, "trend": 30.300154, "fair_value": 28.613995, "relative_strength": -9.332243, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.793534, "energy": 20.555745, "activity_lines": [ 30.826691, 30.564001, 30.645572, 30.515824 ] }, { "date": "2024-11-29", "close": 30.624527, "volume": 778003, "typical_volume": 1618827.3, "trend": 30.326855, "fair_value": 28.609883, "relative_strength": -11.7173, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.396844, "energy": 20.861549, "activity_lines": [ 30.886459, 30.581479, 30.630448, 30.536751 ] }, { "date": "2024-12-06", "close": 30.798695, "volume": 982205, "typical_volume": 1551012.35, "trend": 30.348883, "fair_value": 28.607354, "relative_strength": -11.504771, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.64258, "energy": 23.021539, "activity_lines": [ 30.90126, 30.648204, 30.631965, 30.567192 ] }, { "date": "2024-12-13", "close": 30.556795, "volume": 1608546, "typical_volume": 1551312.1, "trend": 30.343063, "fair_value": 28.600593, "relative_strength": -11.112327, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.616866, "energy": 17.974718, "activity_lines": [ 30.74967, 30.663136, 30.618603, 30.580606 ] }, { "date": "2024-12-20", "close": 27.779784, "volume": 2658208, "typical_volume": 1588204.45, "trend": 30.273397, "fair_value": 28.576731, "relative_strength": -17.01519, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.010204, "energy": 31.051962, "activity_lines": [ 29.733045, 30.165016, 30.350986, 30.415233 ] }, { "date": "2024-12-27", "close": 27.953952, "volume": 823047, "typical_volume": 1545731.15, "trend": 30.229002, "fair_value": 28.551129, "relative_strength": -16.352858, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.065015, "energy": 48.606456, "activity_lines": [ 28.985413, 29.740915, 30.111824, 30.265592 ] }, { "date": "2025-01-03", "close": 27.286308, "volume": 1189808, "typical_volume": 1527139.65, "trend": 30.172246, "fair_value": 28.508659, "relative_strength": -17.248935, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.335836, "energy": 70.425584, "activity_lines": [ 28.233266, 29.24861, 29.815328, 30.07574 ] }, { "date": "2025-01-10", "close": 26.270329, "volume": 1443188, "typical_volume": 1527832.4, "trend": 30.115769, "fair_value": 28.455248, "relative_strength": -18.107096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.129121, "energy": 79.052221, "activity_lines": [ 27.365006, 28.604179, 29.435513, 29.824004 ] }, { "date": "2025-01-17", "close": 27.963628, "volume": 1753864, "typical_volume": 1540302.0, "trend": 30.119885, "fair_value": 28.431456, "relative_strength": -14.744464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.771876, "energy": 70.284843, "activity_lines": [ 27.363071, 28.326566, 29.243267, 29.685156 ] }, { "date": "2025-01-24", "close": 27.963628, "volume": 948073, "typical_volume": 1544566.95, "trend": 30.053794, "fair_value": 28.422526, "relative_strength": -15.613427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.450745, "energy": 62.267619, "activity_lines": [ 27.534014, 28.112638, 29.068433, 29.546043 ] }, { "date": "2025-01-31", "close": 29.202155, "volume": 2963706, "typical_volume": 1637709.8, "trend": 30.068877, "fair_value": 28.417689, "relative_strength": -10.611816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.700456, "energy": 35.04617, "activity_lines": [ 28.105542, 28.178083, 29.022917, 29.491098 ] }, { "date": "2025-02-07", "close": 31.069622, "volume": 2542430, "typical_volume": 1671399.35, "trend": 30.083342, "fair_value": 28.423949, "relative_strength": -4.466571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.41843, "energy": 14.290643, "activity_lines": [ 29.216347, 28.619836, 29.164387, 29.555662 ] }, { "date": "2025-02-14", "close": 30.7097, "volume": 1938848, "typical_volume": 1712486.65, "trend": 30.023262, "fair_value": 28.43468, "relative_strength": -6.628893, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.276221, "energy": 20.614877, "activity_lines": [ 29.954956, 28.988056, 29.274064, 29.596073 ] }, { "date": "2025-02-21", "close": 30.301016, "volume": 1544670, "typical_volume": 1693077.0, "trend": 29.943176, "fair_value": 28.446948, "relative_strength": -6.104198, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 6.074461, "energy": 22.738192, "activity_lines": [ 30.261379, 29.283588, 29.343195, 29.613992 ] }, { "date": "2025-02-28", "close": 31.128115, "volume": 2061544, "typical_volume": 1713457.15, "trend": 29.971718, "fair_value": 28.47172, "relative_strength": -2.423663, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.304237, "energy": 33.077157, "activity_lines": [ 30.687676, 29.734152, 29.490185, 29.69044 ] }, { "date": "2025-03-07", "close": 30.816737, "volume": 1711015, "typical_volume": 1718338.7, "trend": 30.023388, "fair_value": 28.489988, "relative_strength": -0.11656, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.064461, "energy": 35.621945, "activity_lines": [ 30.799214, 30.067224, 29.602667, 29.744957 ] }, { "date": "2025-03-14", "close": 29.921524, "volume": 1606678, "typical_volume": 1719052.1, "trend": 30.017135, "fair_value": 28.503688, "relative_strength": -0.634118, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.528571, "energy": 19.905489, "activity_lines": [ 30.50471, 30.185478, 29.630188, 29.738385 ] }, { "date": "2025-03-21", "close": 29.69772, "volume": 1909402, "typical_volume": 1701350.3, "trend": 29.947272, "fair_value": 28.517475, "relative_strength": -1.750661, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 5.06026, "energy": 11.075114, "activity_lines": [ 30.212144, 30.215128, 29.632383, 29.717778 ] }, { "date": "2025-03-28", "close": 29.619876, "volume": 1143759, "typical_volume": 1609403.65, "trend": 29.880589, "fair_value": 28.535155, "relative_strength": -0.382446, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.343146, "energy": 4.53856, "activity_lines": [ 29.961095, 30.168308, 29.626281, 29.696656 ] }, { "date": "2025-04-04", "close": 27.809988, "volume": 2516501, "typical_volume": 1656741.0, "trend": 29.79593, "fair_value": 28.549957, "relative_strength": 2.908484, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.679289, "energy": 29.564769, "activity_lines": [ 29.152159, 29.762305, 29.456602, 29.563068 ] }, { "date": "2025-04-11", "close": 27.196962, "volume": 2946111, "typical_volume": 1753480.3, "trend": 29.665169, "fair_value": 28.560536, "relative_strength": -4.597752, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.82371, "energy": 41.852049, "activity_lines": [ 28.36009, 29.247635, 29.243462, 29.395393 ] }, { "date": "2025-04-18", "close": 27.858641, "volume": 1262336, "typical_volume": 1777696.95, "trend": 29.540741, "fair_value": 28.584549, "relative_strength": -0.682695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.7023, "energy": 56.348992, "activity_lines": [ 28.029899, 28.889729, 29.112518, 29.278843 ] }, { "date": "2025-04-25", "close": 28.189481, "volume": 1961594, "typical_volume": 1826666.4, "trend": 29.46809, "fair_value": 28.616011, "relative_strength": -3.702761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.257763, "energy": 54.102048, "activity_lines": [ 27.947514, 28.650356, 29.026254, 29.191665 ] }, { "date": "2025-05-02", "close": 29.143077, "volume": 1793705, "typical_volume": 1835924.35, "trend": 29.435889, "fair_value": 28.625658, "relative_strength": -3.008388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.204045, "energy": 41.554733, "activity_lines": [ 28.283543, 28.630187, 29.043233, 29.170696 ] }, { "date": "2025-05-09", "close": 29.619069, "volume": 1536751, "typical_volume": 1779851.5, "trend": 29.419554, "fair_value": 28.642903, "relative_strength": -0.781473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.269133, "energy": 14.640948, "activity_lines": [ 28.810023, 28.717616, 29.112276, 29.182514 ] }, { "date": "2025-05-16", "close": 30.167208, "volume": 1775709, "typical_volume": 1827484.6, "trend": 29.395821, "fair_value": 28.663251, "relative_strength": -3.743205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.046347, "energy": 11.428574, "activity_lines": [ 29.39861, 28.932143, 29.224765, 29.23075 ] }, { "date": "2025-05-23", "close": 28.992625, "volume": 1536912, "typical_volume": 1844839.8, "trend": 29.392937, "fair_value": 28.673597, "relative_strength": -4.835205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.158603, "energy": 13.203478, "activity_lines": [ 29.397653, 28.94492, 29.214849, 29.204737 ] }, { "date": "2025-05-30", "close": 29.188389, "volume": 1321335, "typical_volume": 1838747.15, "trend": 29.382139, "fair_value": 28.686376, "relative_strength": -5.632089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.451166, "energy": 12.440875, "activity_lines": [ 29.386352, 29.010179, 29.215453, 29.191541 ] }, { "date": "2025-06-06", "close": 29.080718, "volume": 2065632, "typical_volume": 1854335.55, "trend": 29.302618, "fair_value": 28.707292, "relative_strength": -7.291523, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.366619, "energy": 10.338567, "activity_lines": [ 29.272567, 29.065122, 29.191906, 29.172094 ] }, { "date": "2025-06-13", "close": 28.96326, "volume": 2543947, "typical_volume": 1934129.25, "trend": 29.236599, "fair_value": 28.738225, "relative_strength": -7.210238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.114947, "energy": 8.599974, "activity_lines": [ 29.123786, 29.108512, 29.151853, 29.1502 ] }, { "date": "2025-06-20", "close": 28.796861, "volume": 1576469, "typical_volume": 1864767.4, "trend": 29.15568, "fair_value": 28.76409, "relative_strength": -7.482701, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.221012, "energy": 15.097702, "activity_lines": [ 28.96326, 29.100678, 29.091193, 29.12183 ] }, { "date": "2025-06-27", "close": 29.707163, "volume": 1945775, "typical_volume": 1834934.65, "trend": 29.125101, "fair_value": 28.793554, "relative_strength": -7.508911, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.020112, "energy": 3.629515, "activity_lines": [ 29.197524, 29.229266, 29.119158, 29.15741 ] }, { "date": "2025-07-04", "close": 31.234121, "volume": 1633007, "typical_volume": 1819642.6, "trend": 29.139615, "fair_value": 28.836219, "relative_strength": -4.287582, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.689645, "energy": 44.970921, "activity_lines": [ 29.893139, 29.601872, 29.299036, 29.293475 ] }, { "date": "2025-07-11", "close": 30.059538, "volume": 3477041, "typical_volume": 1916261.15, "trend": 29.12304, "fair_value": 28.873769, "relative_strength": -7.387631, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.90823, "energy": 48.501242, "activity_lines": [ 30.060843, 29.705561, 29.364551, 29.352825 ] }, { "date": "2025-07-18", "close": 30.627253, "volume": 2402382, "typical_volume": 1933303.05, "trend": 29.217955, "fair_value": 28.904128, "relative_strength": -5.845856, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.218906, "energy": 57.462298, "activity_lines": [ 30.352531, 29.895808, 29.485284, 29.449871 ] }, { "date": "2025-07-25", "close": 29.853986, "volume": 1639188, "typical_volume": 1929711.7, "trend": 29.28129, "fair_value": 28.925704, "relative_strength": -9.123894, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.944954, "energy": 54.6042, "activity_lines": [ 30.275531, 29.92713, 29.534758, 29.490906 ] }, { "date": "2025-08-01", "close": 28.943684, "volume": 1950068, "typical_volume": 1946881.2, "trend": 29.336536, "fair_value": 28.944742, "relative_strength": -9.344871, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.82085, "energy": 17.828175, "activity_lines": [ 29.824621, 29.798638, 29.502121, 29.469125 ] }, { "date": "2025-08-08", "close": 30.108479, "volume": 2400593, "typical_volume": 1971440.75, "trend": 29.464474, "fair_value": 28.962165, "relative_strength": -7.696418, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.147647, "energy": 18.209703, "activity_lines": [ 29.812876, 29.882817, 29.585073, 29.518927 ] }, { "date": "2025-08-15", "close": 31.498402, "volume": 2869752, "typical_volume": 2057740.4, "trend": 29.5823, "fair_value": 28.996071, "relative_strength": -4.157344, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.669458, "energy": 32.015475, "activity_lines": [ 30.33948, 30.202979, 29.798443, 29.650148 ] }, { "date": "2025-08-22", "close": 34.116707, "volume": 2151986, "typical_volume": 2039514.65, "trend": 29.787403, "fair_value": 29.052795, "relative_strength": 3.680248, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.109153, "energy": 72.424191, "activity_lines": [ 31.642929, 30.95524, 30.25223, 29.942691 ] }, { "date": "2025-08-29", "close": 34.530123, "volume": 2536571, "typical_volume": 2019037.65, "trend": 29.965002, "fair_value": 29.122166, "relative_strength": 5.108227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.09327, "energy": 87.292805, "activity_lines": [ 32.851553, 31.688968, 30.715358, 30.248673 ] }, { "date": "2025-09-05", "close": 34.707302, "volume": 1971682, "typical_volume": 2054504.95, "trend": 30.086257, "fair_value": 29.186284, "relative_strength": 5.419058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.181238, "energy": 89.894975, "activity_lines": [ 33.807494, 32.350669, 31.16044, 30.554628 ] }, { "date": "2025-09-12", "close": 34.09702, "volume": 1882515, "typical_volume": 2050551.0, "trend": 30.199168, "fair_value": 29.247437, "relative_strength": 2.125219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.661246, "energy": 87.493904, "activity_lines": [ 34.175766, 32.810498, 31.514787, 30.813387 ] }, { "date": "2025-09-19", "close": 33.831252, "volume": 2414720, "typical_volume": 2081601.75, "trend": 30.316843, "fair_value": 29.315641, "relative_strength": 0.29323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.513567, "energy": 82.610903, "activity_lines": [ 34.189547, 33.169953, 31.815692, 31.047715 ] }, { "date": "2025-09-26", "close": 33.476895, "volume": 1294995, "typical_volume": 2069513.95, "trend": 30.395135, "fair_value": 29.38323, "relative_strength": -0.354615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.07242, "energy": 55.613708, "activity_lines": [ 33.929685, 33.396403, 32.060524, 31.251589 ] }, { "date": "2025-10-03", "close": 32.620532, "volume": 1345719, "typical_volume": 2048014.45, "trend": 30.455262, "fair_value": 29.441958, "relative_strength": -3.814062, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.543268, "energy": 43.09846, "activity_lines": [ 33.427023, 33.415339, 32.205427, 31.395163 ] }, { "date": "2025-10-10", "close": 31.508245, "volume": 2202215, "typical_volume": 2081279.6, "trend": 30.508153, "fair_value": 29.491426, "relative_strength": -4.633753, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.886809, "energy": 24.459455, "activity_lines": [ 32.680904, 33.18174, 32.232716, 31.463097 ] }, { "date": "2025-10-17", "close": 31.272007, "volume": 1550205, "typical_volume": 2092723.1, "trend": 30.560629, "fair_value": 29.52879, "relative_strength": -6.74198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.888408, "energy": 23.00274, "activity_lines": [ 32.06931, 32.85856, 32.225526, 31.512378 ] }, { "date": "2025-10-24", "close": 33.358776, "volume": 1715511, "typical_volume": 2075217.05, "trend": 30.685259, "fair_value": 29.569711, "relative_strength": -2.349441, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.019538, "energy": 23.916236, "activity_lines": [ 32.34164, 32.893638, 32.407155, 31.692904 ] }, { "date": "2025-10-31", "close": 31.793699, "volume": 1948768, "typical_volume": 2045458.1, "trend": 30.818049, "fair_value": 29.603321, "relative_strength": -7.386179, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.722876, "energy": 19.49777, "activity_lines": [ 32.123776, 32.610331, 32.419357, 31.764416 ] }, { "date": "2025-11-07", "close": 32.679592, "volume": 1841531, "typical_volume": 2058711.2, "trend": 31.000803, "fair_value": 29.629703, "relative_strength": -3.064259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.809192, "energy": 15.488545, "activity_lines": [ 32.313423, 32.530332, 32.502451, 31.884516 ] }, { "date": "2025-11-14", "close": 33.461448, "volume": 1680893, "typical_volume": 2045467.1, "trend": 31.187564, "fair_value": 29.672098, "relative_strength": -0.747534, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.832965, "energy": 24.866624, "activity_lines": [ 32.759751, 32.626135, 32.641519, 32.043267 ] }, { "date": "2025-11-21", "close": 33.570314, "volume": 1858394, "typical_volume": 2056736.45, "trend": 31.366925, "fair_value": 29.711267, "relative_strength": 1.607404, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.736013, "energy": 26.576395, "activity_lines": [ 33.112154, 32.764384, 32.773077, 32.196993 ] }, { "date": "2025-11-28", "close": 33.96619, "volume": 1556110, "typical_volume": 1960689.9, "trend": 31.527695, "fair_value": 29.754103, "relative_strength": -0.792855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.288511, "energy": 43.398317, "activity_lines": [ 33.443296, 32.984186, 32.931213, 32.364687 ] }, { "date": "2025-12-05", "close": 34.025572, "volume": 1890680, "typical_volume": 1935104.8, "trend": 31.674579, "fair_value": 29.801066, "relative_strength": -0.889509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.992734, "energy": 52.358384, "activity_lines": [ 33.753737, 33.212332, 33.076401, 32.525841 ] }, { "date": "2025-12-12", "close": 34.579798, "volume": 2265148, "typical_volume": 1966402.8, "trend": 31.821665, "fair_value": 29.853128, "relative_strength": 1.323544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.963628, "energy": 55.385999, "activity_lines": [ 34.100128, 33.53127, 33.25819, 32.713274 ] }, { "date": "2025-12-19", "close": 34.342273, "volume": 2605760, "typical_volume": 1999187.4, "trend": 31.999987, "fair_value": 29.896651, "relative_strength": 0.394025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.422049, "energy": 50.110155, "activity_lines": [ 34.240664, 33.771399, 33.394854, 32.875894 ] }, { "date": "2025-12-26", "close": 34.2532, "volume": 742091, "typical_volume": 1916262.3, "trend": 32.168814, "fair_value": 29.937758, "relative_strength": -1.355167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.675535, "energy": 45.146397, "activity_lines": [ 34.292788, 33.943805, 33.497327, 33.021263 ] }, { "date": "2026-01-02", "close": 33.55052, "volume": 786531, "typical_volume": 1812101.25, "trend": 32.317807, "fair_value": 29.971686, "relative_strength": -2.461262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.393557, "energy": 32.233584, "activity_lines": [ 34.065159, 33.934248, 33.513142, 33.110405 ] }, { "date": "2026-01-09", "close": 34.589695, "volume": 1100336, "typical_volume": 1759518.75, "trend": 32.505355, "fair_value": 30.005495, "relative_strength": -1.172293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.246821, "energy": 32.109149, "activity_lines": [ 34.211633, 34.110145, 33.618153, 33.256978 ] }, { "date": "2026-01-16", "close": 35.322067, "volume": 1204627, "typical_volume": 1692921.55, "trend": 32.722862, "fair_value": 30.049887, "relative_strength": 1.128151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.73073, "energy": 37.395926, "activity_lines": [ 34.564623, 34.368364, 33.790662, 33.438702 ] }, { "date": "2026-01-23", "close": 35.322067, "volume": 1313692, "typical_volume": 1660022.05, "trend": 32.910025, "fair_value": 30.083514, "relative_strength": 1.302803, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.052932, "energy": 44.037885, "activity_lines": [ 34.868129, 34.578539, 33.9594, 33.606392 ] }, { "date": "2026-01-30", "close": 37.063922, "volume": 2620879, "typical_volume": 1696940.25, "trend": 33.104352, "fair_value": 30.116592, "relative_strength": 5.69782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.38377, "energy": 70.995417, "activity_lines": [ 35.686933, 35.071585, 34.291101, 33.874386 ] }, { "date": "2026-02-06", "close": 39.419387, "volume": 3071478, "typical_volume": 1729778.15, "trend": 33.416347, "fair_value": 30.167861, "relative_strength": 12.431873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.434045, "energy": 86.640451, "activity_lines": [ 37.10351, 35.929377, 34.833005, 34.281807 ] }, { "date": "2026-02-13", "close": 39.063098, "volume": 2130914, "typical_volume": 1771574.1, "trend": 33.697542, "fair_value": 30.210153, "relative_strength": 12.594845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.688903, "energy": 88.114619, "activity_lines": [ 38.010067, 36.62324, 35.314365, 34.646114 ] }, { "date": "2026-02-20", "close": 38.57568, "volume": 1552571, "typical_volume": 1781916.7, "trend": 33.988265, "fair_value": 30.257686, "relative_strength": 9.749951, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.176772, "energy": 85.608761, "activity_lines": [ 38.455924, 37.136891, 35.722705, 34.960832 ] }, { "date": "2026-02-27", "close": 37.232792, "volume": 1928396, "typical_volume": 1768225.75, "trend": 34.264568, "fair_value": 30.298821, "relative_strength": 6.409413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.153491, "energy": 78.009417, "activity_lines": [ 38.237245, 37.333727, 35.974792, 35.170157 ] }, { "date": "2026-03-06", "close": 36.596164, "volume": 1642460, "typical_volume": 1772838.5, "trend": 34.480825, "fair_value": 30.354339, "relative_strength": 6.695255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.448441, "energy": 47.453241, "activity_lines": [ 37.678974, 37.362258, 36.138988, 35.320582 ] }, { "date": "2026-03-13", "close": 34.566913, "volume": 2189203, "typical_volume": 1796523.1, "trend": 34.583108, "fair_value": 30.402584, "relative_strength": 2.37591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.288276, "energy": 18.80224, "activity_lines": [ 36.47547, 36.979235, 36.084569, 35.326136 ] }, { "date": "2026-03-20", "close": 34.447545, "volume": 2721041, "typical_volume": 1835136.75, "trend": 34.594136, "fair_value": 30.446061, "relative_strength": 3.898527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.359913, "energy": 21.116427, "activity_lines": [ 35.555676, 36.556029, 36.013028, 35.31739 ] }, { "date": "2026-03-27", "close": 35.014542, "volume": 1472745, "typical_volume": 1816697.45, "trend": 34.610284, "fair_value": 30.493233, "relative_strength": 7.967415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.698958, "energy": 24.015789, "activity_lines": [ 35.132583, 36.238498, 35.98285, 35.344513 ] }, { "date": "2026-04-03", "close": 35.740695, "volume": 1329043, "typical_volume": 1799104.95, "trend": 34.64473, "fair_value": 30.553125, "relative_strength": 6.600317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.009848, "energy": 22.264307, "activity_lines": [ 35.188951, 36.058586, 36.010711, 35.417443 ] }, { "date": "2026-04-10", "close": 37.451633, "volume": 1726713, "typical_volume": 1792520.9, "trend": 34.75655, "fair_value": 30.616756, "relative_strength": 7.672817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.383084, "energy": 15.87407, "activity_lines": [ 35.915105, 36.182142, 36.190664, 35.598534 ] }, { "date": "2026-04-17", "close": 37.720211, "volume": 1119969, "typical_volume": 1770713.85, "trend": 34.886182, "fair_value": 30.675236, "relative_strength": 3.775932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.545961, "energy": 25.037488, "activity_lines": [ 36.673753, 36.347482, 36.377714, 35.789737 ] }, { "date": "2026-04-24", "close": 36.456902, "volume": 1913569, "typical_volume": 1771858.3, "trend": 34.985516, "fair_value": 30.723587, "relative_strength": -0.206664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.838591, "energy": 25.338022, "activity_lines": [ 36.801079, 36.314022, 36.426572, 35.891074 ] }, { "date": "2026-05-01", "close": 37.829631, "volume": 1662426, "typical_volume": 1741722.2, "trend": 35.159153, "fair_value": 30.777511, "relative_strength": 2.568101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.800851, "energy": 41.579996, "activity_lines": [ 37.252024, 36.577536, 36.594589, 36.074566 ] }, { "date": "2026-05-08", "close": 37.76, "volume": 1481973, "typical_volume": 1685532.85, "trend": 35.367544, "fair_value": 30.835053, "relative_strength": 0.095193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.905789, "energy": 52.019591, "activity_lines": [ 37.492086, 36.841953, 36.740499, 36.242362 ] }, { "date": "2026-05-15", "close": 36.29, "volume": 1717349, "typical_volume": 1734295.75, "trend": 35.534811, "fair_value": 30.88179, "relative_strength": -3.921733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.427612, "energy": 27.877387, "activity_lines": [ 37.107527, 36.829513, 36.730134, 36.301875 ] }, { "date": "2026-05-22", "close": 37.22, "volume": 1446810, "typical_volume": 1767309.7, "trend": 35.663518, "fair_value": 30.935509, "relative_strength": -2.288059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.200318, "energy": 27.958659, "activity_lines": [ 37.110411, 36.99173, 36.798641, 36.410597 ] }, { "date": "2026-05-29", "close": 37.72, "volume": 1306196, "typical_volume": 1777602.7, "trend": 35.861062, "fair_value": 30.984987, "relative_strength": -2.386007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.529616, "energy": 28.579902, "activity_lines": [ 37.313309, 37.196618, 36.897294, 36.543274 ] }, { "date": "2026-06-05", "close": 37.37, "volume": 1506727, "typical_volume": 1792707.7, "trend": 36.017409, "fair_value": 31.029457, "relative_strength": -0.868363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.845348, "energy": 24.209647, "activity_lines": [ 37.315333, 37.27837, 36.947707, 36.640624 ] }, { "date": "2026-06-12", "close": 38.44, "volume": 1012408, "typical_volume": 1777643.5, "trend": 36.18336, "fair_value": 31.086973, "relative_strength": 1.287764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.676396, "energy": 40.868569, "activity_lines": [ 37.704667, 37.511842, 37.090273, 36.796921 ] }, { "date": "2026-06-19", "close": 37.86, "volume": 1895700, "typical_volume": 1741384.55, "trend": 36.32635, "fair_value": 31.146838, "relative_strength": -1.222351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.628492, "energy": 40.224384, "activity_lines": [ 37.855333, 37.59078, 37.162753, 36.905091 ] }, { "date": "2026-06-26", "close": 39.94, "volume": 1840253, "typical_volume": 1679823.3, "trend": 36.525477, "fair_value": 31.213909, "relative_strength": 6.50453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.344735, "energy": 59.912038, "activity_lines": [ 38.594667, 38.040476, 37.429538, 37.13823 ] }, { "date": "2026-07-03", "close": 38.602466, "volume": 1033485, "typical_volume": 1624951.85, "trend": 36.67804, "fair_value": 31.274088, "relative_strength": 0.705355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.621829, "energy": 53.75907, "activity_lines": [ 38.706822, 38.206623, 37.566459, 37.272229 ] }, { "date": "2026-07-10", "close": 38.08538, "volume": 1056835, "typical_volume": 1600165.05, "trend": 36.794893, "fair_value": 31.32885, "relative_strength": -2.044748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.661198, "energy": 42.20984, "activity_lines": [ 38.587784, 38.239745, 37.656328, 37.363025 ] }, { "date": "2026-07-17", "close": 38.46325, "volume": 1177950, "typical_volume": 1562642.75, "trend": 36.932259, "fair_value": 31.394143, "relative_strength": 0.38882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.435196, "energy": 35.978437, "activity_lines": [ 38.547011, 38.336921, 37.784519, 37.470661 ] }, { "date": "2026-07-24", "close": 38.861009, "volume": 1382230, "typical_volume": 1549631.25, "trend": 37.085852, "fair_value": 31.45622, "relative_strength": 1.827363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.765009, "energy": 29.277173, "activity_lines": [ 38.637274, 38.49363, 37.944733, 37.595096 ] }, { "date": "2026-07-31", "close": 39.218991, "volume": 1361648, "typical_volume": 1508253.5, "trend": 37.274801, "fair_value": 31.528219, "relative_strength": 1.445952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.852944, "energy": 30.873254, "activity_lines": [ 38.780131, 38.668681, 38.128255, 37.732718 ] }, { "date": "2026-08-07", "close": 39.04, "volume": 1223041, "typical_volume": 1433353.5, "trend": 37.423145, "fair_value": 31.589035, "relative_strength": -2.540748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.260243, "energy": 30.97646, "activity_lines": [ 38.911391, 38.774843, 38.272578, 37.846602 ] } ], "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." } } }