{ "ticker": { "uuid": "a90cfefb-4228-4a05-a4fe-51a6a751beb8", "symbol": "FR", "name": "Valeo SE", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 66.767, "architecture_energy": 53.955, "architecture_maturity": 18.698, "architecture_confidence": 91.513, "architecture_tenure": "New", "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": 23.23, "rotation_up": 59.37, "upward_expansion": 79.94, "deceleration": 54.78, "rotation_down": 16.38, "downward_expansion": 8.94 }, "activity_lines": [ 14.098333, 13.725364, 13.185481, 12.618618 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 14.63, "trend_reference": 12.103633, "distance_from_trend": 0.208728, "trend_direction": "Improving", "fair_value": 10.539672, "distance_from_fair_value": 0.388089, "fair_value_direction": "Improving", "relative_strength": 18.741055, "relative_strength_direction": "Improving", "price_momentum": 0.209402, "excess_performance": 0.156091, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.208728, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075422, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.388089, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.355888, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.187411, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.122747, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.209402, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.652436, "read": "Demand-led" } ], "volume": { "latest": 3811682, "relative_activity": 1.017257, "balance": 2.652436, "dry_up": 1.255197, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.094951, "annualized_volatility": 0.476414, "from_high_reference": -0.073758, "from_low_reference": 0.603695 }, "levels": { "trend_reference": 12.103633, "fair_value_reference": 10.539672, "structural_low": 9.122683, "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": -0.047405, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": -0.04118, "regime_survival": 0.625, "best_return": 0.129707, "worst_return": -0.185103, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.030142, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.006216, "regime_survival": 0.333333, "best_return": 0.128558, "worst_return": -0.18973, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.021937, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.013549, "regime_survival": 0.5, "best_return": 0.186866, "worst_return": -0.379439, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.096132, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.172487, "regime_survival": 0.5, "best_return": 0.230431, "worst_return": -0.422695, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-21", "tenure": "Developing", "return": -0.112252, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.148855, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.070381, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.055606, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-11", "tenure": "Developing", "return": 0.169816, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": 0.096908, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-12-05", "tenure": "Established", "return": 0.11154, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": -0.008718, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-20", "tenure": "Developing", "return": -0.195402, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.135941, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": 0.282453, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-10", "tenure": "Developing", "return": -0.180225, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": 0.143522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.963725, "volume": 3494611, "typical_volume": 4291769.05, "trend": 17.053429, "fair_value": 19.806857, "relative_strength": -5.968932, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -11.497619, "energy": 17.641343, "activity_lines": [ 16.91223, 17.408336, 17.308889, 17.10845 ] }, { "date": "2023-08-25", "close": 15.545268, "volume": 2562932, "typical_volume": 4219567.3, "trend": 16.981582, "fair_value": 19.766726, "relative_strength": -8.940651, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -29.492188, "energy": 34.611657, "activity_lines": [ 16.28484, 17.028244, 17.171742, 17.011149 ] }, { "date": "2023-09-01", "close": 15.812368, "volume": 3768384, "typical_volume": 4229607.0, "trend": 16.896235, "fair_value": 19.714173, "relative_strength": -7.806103, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.939154, "energy": 45.142855, "activity_lines": [ 15.96788, 16.752239, 17.061859, 16.935716 ] }, { "date": "2023-09-08", "close": 15.496299, "volume": 3362216, "typical_volume": 4189014.95, "trend": 16.826247, "fair_value": 19.658832, "relative_strength": -8.544132, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.533654, "energy": 58.228232, "activity_lines": [ 15.724819, 16.441917, 16.926503, 16.845397 ] }, { "date": "2023-09-15", "close": 15.879142, "volume": 5490126, "typical_volume": 4182735.1, "trend": 16.742253, "fair_value": 19.614752, "relative_strength": -7.627408, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.19709, "energy": 51.510877, "activity_lines": [ 15.724818, 16.23722, 16.830561, 16.784294 ] }, { "date": "2023-09-22", "close": 15.184682, "volume": 6345476, "typical_volume": 4289820.35, "trend": 16.691408, "fair_value": 19.566656, "relative_strength": -9.048612, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.873221, "energy": 63.312166, "activity_lines": [ 15.539925, 15.934021, 16.666286, 16.683805 ] }, { "date": "2023-09-29", "close": 14.539187, "volume": 6255042, "typical_volume": 4422740.2, "trend": 16.572059, "fair_value": 19.519152, "relative_strength": -12.067626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.918378, "energy": 68.009658, "activity_lines": [ 15.191804, 15.57651, 16.439445, 16.544952 ] }, { "date": "2023-10-06", "close": 13.274911, "volume": 8014124, "typical_volume": 4607628.95, "trend": 16.416096, "fair_value": 19.454247, "relative_strength": -18.518408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.152559, "energy": 80.740075, "activity_lines": [ 14.489329, 15.067804, 16.096237, 16.332233 ] }, { "date": "2023-10-13", "close": 11.636691, "volume": 9709560, "typical_volume": 4890591.9, "trend": 16.297898, "fair_value": 19.378569, "relative_strength": -27.559561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.251662, "energy": 95.831251, "activity_lines": [ 13.409944, 14.356264, 15.612763, 16.023885 ] }, { "date": "2023-10-20", "close": 11.347334, "volume": 7365787, "typical_volume": 4977318.2, "trend": 16.164237, "fair_value": 19.299024, "relative_strength": -26.953072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.369764, "energy": 95.156099, "activity_lines": [ 12.491415, 13.693773, 15.126576, 15.704493 ] }, { "date": "2023-10-27", "close": 10.786422, "volume": 8889162, "typical_volume": 5100185.75, "trend": 15.97362, "fair_value": 19.226975, "relative_strength": -29.920049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.983463, "energy": 95.078593, "activity_lines": [ 11.688035, 13.024402, 14.613446, 15.357537 ] }, { "date": "2023-11-03", "close": 12.344509, "volume": 6140798, "typical_volume": 5056372.95, "trend": 15.854141, "fair_value": 19.160727, "relative_strength": -22.26244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.28214, "energy": 88.196723, "activity_lines": [ 11.697235, 12.732453, 14.285018, 15.123401 ] }, { "date": "2023-11-10", "close": 11.026813, "volume": 5775059, "typical_volume": 5107801.7, "trend": 15.662227, "fair_value": 19.067873, "relative_strength": -29.943122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.776636, "energy": 87.038182, "activity_lines": [ 11.413515, 12.259118, 13.860879, 14.811961 ] }, { "date": "2023-11-17", "close": 12.015084, "volume": 6314596, "typical_volume": 5237431.65, "trend": 15.525512, "fair_value": 18.976353, "relative_strength": -25.181443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.432774, "energy": 64.440353, "activity_lines": [ 11.609092, 12.052479, 13.559712, 14.576661 ] }, { "date": "2023-11-24", "close": 11.805857, "volume": 3817801, "typical_volume": 5264701.9, "trend": 15.405098, "fair_value": 18.869791, "relative_strength": -26.641234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.093034, "energy": 58.541563, "activity_lines": [ 11.7097, 11.871094, 13.264629, 14.336684 ] }, { "date": "2023-12-01", "close": 11.699016, "volume": 25076610, "typical_volume": 6357064.55, "trend": 15.296542, "fair_value": 18.768796, "relative_strength": -27.422181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.42799, "energy": 55.929479, "activity_lines": [ 11.744126, 11.744342, 12.986039, 14.097582 ] }, { "date": "2023-12-08", "close": 12.731806, "volume": 10912786, "typical_volume": 6758569.35, "trend": 15.208011, "fair_value": 18.682903, "relative_strength": -22.573045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.645487, "energy": 39.900311, "activity_lines": [ 12.061976, 11.868746, 12.838922, 13.932115 ] }, { "date": "2023-12-15", "close": 12.55819, "volume": 11392076, "typical_volume": 7099939.4, "trend": 15.073834, "fair_value": 18.586383, "relative_strength": -23.866273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.704016, "energy": 33.371838, "activity_lines": [ 12.296135, 11.994446, 12.704481, 13.761159 ] }, { "date": "2023-12-22", "close": 12.246572, "volume": 5226679, "typical_volume": 7157459.3, "trend": 14.920251, "fair_value": 18.4883, "relative_strength": -25.064362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.024679, "energy": 28.077144, "activity_lines": [ 12.324328, 12.076518, 12.568662, 13.578754 ] }, { "date": "2023-12-29", "close": 12.389026, "volume": 1686227, "typical_volume": 7080002.6, "trend": 14.769636, "fair_value": 18.392218, "relative_strength": -23.520108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.101532, "energy": 22.601186, "activity_lines": [ 12.384574, 12.173403, 12.470132, 13.41545 ] }, { "date": "2024-01-05", "close": 11.556561, "volume": 5480924, "typical_volume": 7179318.25, "trend": 14.541117, "fair_value": 18.29504, "relative_strength": -26.923034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.657521, "energy": 31.196474, "activity_lines": [ 12.128454, 12.099991, 12.312266, 13.208154 ] }, { "date": "2024-01-12", "close": 11.378494, "volume": 4778566, "typical_volume": 7290099.95, "trend": 14.300429, "fair_value": 18.199874, "relative_strength": -27.853286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.698353, "energy": 41.335958, "activity_lines": [ 11.822475, 11.9802, 12.158429, 13.004114 ] }, { "date": "2024-01-19", "close": 10.318995, "volume": 5802903, "typical_volume": 7391825.9, "trend": 14.074877, "fair_value": 18.094056, "relative_strength": -33.169046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.599956, "energy": 56.069835, "activity_lines": [ 11.253551, 11.685337, 11.923529, 12.747248 ] }, { "date": "2024-01-26", "close": 10.764163, "volume": 6945212, "typical_volume": 7570975.7, "trend": 13.851106, "fair_value": 17.995387, "relative_strength": -32.006311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.77794, "energy": 66.630969, "activity_lines": [ 10.982295, 11.484283, 11.757184, 12.533653 ] }, { "date": "2024-02-02", "close": 10.675129, "volume": 4877894, "typical_volume": 7540364.1, "trend": 13.626742, "fair_value": 17.884023, "relative_strength": -31.4763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.887923, "energy": 72.471732, "activity_lines": [ 10.780189, 11.289785, 11.604894, 12.328751 ] }, { "date": "2024-02-09", "close": 10.136476, "volume": 7511015, "typical_volume": 7598641.05, "trend": 13.342873, "fair_value": 17.773066, "relative_strength": -34.704918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.549481, "energy": 77.107361, "activity_lines": [ 10.512791, 11.017908, 11.426085, 12.103573 ] }, { "date": "2024-02-16", "close": 10.443642, "volume": 5542136, "typical_volume": 7562995.75, "trend": 13.06212, "fair_value": 17.665057, "relative_strength": -33.035566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.869606, "energy": 66.107004, "activity_lines": [ 10.442455, 10.83029, 11.300569, 11.916526 ] }, { "date": "2024-02-23", "close": 9.646791, "volume": 8301423, "typical_volume": 7577360.7, "trend": 12.766974, "fair_value": 17.567924, "relative_strength": -39.035589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.546272, "energy": 64.211836, "activity_lines": [ 10.168825, 10.539393, 11.118665, 11.696182 ] }, { "date": "2024-03-01", "close": 9.348529, "volume": 8415532, "typical_volume": 7512659.3, "trend": 12.504325, "fair_value": 17.466541, "relative_strength": -39.929534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.851863, "energy": 61.813992, "activity_lines": [ 9.840588, 10.247201, 10.925632, 11.475637 ] }, { "date": "2024-03-08", "close": 9.686856, "volume": 7817879, "typical_volume": 7535263.9, "trend": 12.274618, "fair_value": 17.36276, "relative_strength": -37.701437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.100621, "energy": 56.241498, "activity_lines": [ 9.719502, 10.069215, 10.775716, 11.293865 ] }, { "date": "2024-03-15", "close": 9.904989, "volume": 8834649, "typical_volume": 7532538.25, "trend": 12.07266, "fair_value": 17.25978, "relative_strength": -36.747444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.542384, "energy": 53.144572, "activity_lines": [ 9.737012, 9.98002, 10.654482, 11.140986 ] }, { "date": "2024-03-22", "close": 10.180993, "volume": 6824430, "typical_volume": 7566719.85, "trend": 11.893851, "fair_value": 17.171291, "relative_strength": -34.266072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.515049, "energy": 45.561003, "activity_lines": [ 9.861956, 9.971035, 10.563731, 11.018943 ] }, { "date": "2024-03-29", "close": 10.318995, "volume": 4454172, "typical_volume": 7500675.5, "trend": 11.710738, "fair_value": 17.079826, "relative_strength": -33.138201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.641308, "energy": 31.413057, "activity_lines": [ 10.05041, 10.008915, 10.496426, 10.917339 ] }, { "date": "2024-04-05", "close": 10.49261, "volume": 6109823, "typical_volume": 7490436.85, "trend": 11.543949, "fair_value": 16.996922, "relative_strength": -30.171238, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.000962, "energy": 23.134793, "activity_lines": [ 10.251923, 10.078361, 10.449026, 10.83875 ] }, { "date": "2024-04-12", "close": 11.142556, "volume": 8392062, "typical_volume": 7719149.9, "trend": 11.386063, "fair_value": 16.915956, "relative_strength": -24.725314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.316956, "energy": 17.093576, "activity_lines": [ 10.593812, 10.270917, 10.470776, 10.812854 ] }, { "date": "2024-04-19", "close": 10.91552, "volume": 6359501, "typical_volume": 6783294.45, "trend": 11.243757, "fair_value": 16.833426, "relative_strength": -25.773475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.772442, "energy": 17.795671, "activity_lines": [ 10.762976, 10.413694, 10.474062, 10.782496 ] }, { "date": "2024-04-26", "close": 10.243316, "volume": 6510243, "typical_volume": 6563167.3, "trend": 11.100562, "fair_value": 16.752621, "relative_strength": -30.332844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.081979, "energy": 15.221354, "activity_lines": [ 10.640703, 10.420088, 10.417059, 10.717952 ] }, { "date": "2024-05-03", "close": 10.822035, "volume": 6267047, "typical_volume": 6306915.85, "trend": 11.018799, "fair_value": 16.671177, "relative_strength": -24.668527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.514402, "energy": 11.431163, "activity_lines": [ 10.707181, 10.535347, 10.427022, 10.699982 ] }, { "date": "2024-05-10", "close": 11.004554, "volume": 4579455, "typical_volume": 6274554.65, "trend": 10.997728, "fair_value": 16.601396, "relative_strength": -25.249499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.795749, "energy": 8.537732, "activity_lines": [ 10.800964, 10.662422, 10.462636, 10.699063 ] }, { "date": "2024-05-17", "close": 11.253848, "volume": 6829744, "typical_volume": 6531730.5, "trend": 10.994612, "fair_value": 16.533104, "relative_strength": -22.376384, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.073348, "energy": 11.141226, "activity_lines": [ 10.943714, 10.804714, 10.527906, 10.715587 ] }, { "date": "2024-05-24", "close": 10.390222, "volume": 5208773, "typical_volume": 6518122.95, "trend": 10.981405, "fair_value": 16.451227, "relative_strength": -26.883817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.996023, "energy": 11.764736, "activity_lines": [ 10.79117, 10.761492, 10.516332, 10.676594 ] }, { "date": "2024-05-31", "close": 10.403205, "volume": 6450547, "typical_volume": 6601722.0, "trend": 10.916695, "fair_value": 16.363002, "relative_strength": -25.016279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.831184, "energy": 13.000513, "activity_lines": [ 10.677973, 10.711808, 10.511548, 10.639291 ] }, { "date": "2024-06-07", "close": 9.951694, "volume": 6065778, "typical_volume": 6614865.75, "trend": 10.880857, "fair_value": 16.268034, "relative_strength": -27.29641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.293051, "energy": 21.826147, "activity_lines": [ 10.403614, 10.575992, 10.468407, 10.577033 ] }, { "date": "2024-06-14", "close": 8.919666, "volume": 8922381, "typical_volume": 6713724.2, "trend": 10.777677, "fair_value": 16.179809, "relative_strength": -29.452834, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.837865, "energy": 56.048231, "activity_lines": [ 9.843268, 10.259212, 10.328727, 10.450504 ] }, { "date": "2024-06-21", "close": 9.28364, "volume": 7332983, "typical_volume": 6836478.65, "trend": 10.693603, "fair_value": 16.091609, "relative_strength": -26.804321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.712572, "energy": 66.332801, "activity_lines": [ 9.543239, 10.037208, 10.232495, 10.354115 ] }, { "date": "2024-06-28", "close": 9.157401, "volume": 5936477, "typical_volume": 6757751.75, "trend": 10.608882, "fair_value": 16.008975, "relative_strength": -25.377921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.486012, "energy": 71.978966, "activity_lines": [ 9.332477, 9.82605, 10.130865, 10.255005 ] }, { "date": "2024-07-05", "close": 9.523218, "volume": 5525915, "typical_volume": 6756940.7, "trend": 10.50193, "fair_value": 15.9327, "relative_strength": -23.295877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.800487, "energy": 67.980056, "activity_lines": [ 9.325843, 9.71337, 10.068738, 10.184962 ] }, { "date": "2024-07-12", "close": 9.357356, "volume": 5575885, "typical_volume": 6620663.8, "trend": 10.395235, "fair_value": 15.862289, "relative_strength": -23.914836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.152364, "energy": 56.339625, "activity_lines": [ 9.322587, 9.583626, 9.995198, 10.111119 ] }, { "date": "2024-07-19", "close": 8.696674, "volume": 7232184, "typical_volume": 6561496.4, "trend": 10.276905, "fair_value": 15.785223, "relative_strength": -26.27312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.645276, "energy": 57.370732, "activity_lines": [ 9.138726, 9.360388, 9.860113, 10.001534 ] }, { "date": "2024-07-26", "close": 9.53704, "volume": 9318195, "typical_volume": 6636512.2, "trend": 10.181839, "fair_value": 15.712335, "relative_strength": -17.749293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.662314, "energy": 38.166414, "activity_lines": [ 9.249853, 9.331906, 9.808168, 9.953801 ] }, { "date": "2024-08-02", "close": 8.884651, "volume": 8177285, "typical_volume": 6603644.0, "trend": 10.092775, "fair_value": 15.629328, "relative_strength": -19.431244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.35756, "energy": 42.197581, "activity_lines": [ 9.126624, 9.216022, 9.694803, 9.870111 ] }, { "date": "2024-08-09", "close": 8.742746, "volume": 6375276, "typical_volume": 6581186.3, "trend": 10.004917, "fair_value": 15.543267, "relative_strength": -19.843033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.472955, "energy": 43.745044, "activity_lines": [ 8.974277, 9.101712, 9.572783, 9.783013 ] }, { "date": "2024-08-16", "close": 8.805406, "volume": 3154841, "typical_volume": 6516219.75, "trend": 9.954464, "fair_value": 15.468053, "relative_strength": -20.148164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.511304, "energy": 41.86889, "activity_lines": [ 8.894848, 9.028984, 9.463579, 9.705625 ] }, { "date": "2024-08-23", "close": 9.081841, "volume": 3088545, "typical_volume": 6365155.85, "trend": 9.898387, "fair_value": 15.393566, "relative_strength": -18.011783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.932859, "energy": 45.732169, "activity_lines": [ 8.944361, 9.027359, 9.38791, 9.649327 ] }, { "date": "2024-08-30", "close": 8.910451, "volume": 3099614, "typical_volume": 6100533.45, "trend": 9.839564, "fair_value": 15.322543, "relative_strength": -19.063328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.658175, "energy": 40.475018, "activity_lines": [ 8.911065, 8.991623, 9.302636, 9.585589 ] }, { "date": "2024-09-06", "close": 8.368637, "volume": 4864496, "typical_volume": 6025783.2, "trend": 9.780636, "fair_value": 15.253874, "relative_strength": -20.035917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.036135, "energy": 50.741248, "activity_lines": [ 8.738938, 8.864161, 9.176389, 9.49069 ] }, { "date": "2024-09-13", "close": 8.680088, "volume": 7425289, "typical_volume": 6071535.5, "trend": 9.721851, "fair_value": 15.190885, "relative_strength": -17.208319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.562712, "energy": 43.279944, "activity_lines": [ 8.705029, 8.807667, 9.091933, 9.419687 ] }, { "date": "2024-09-20", "close": 8.750119, "volume": 10333322, "typical_volume": 6274849.25, "trend": 9.691962, "fair_value": 15.116361, "relative_strength": -15.838809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.502127, "energy": 39.752957, "activity_lines": [ 8.69864, 8.779236, 9.02159, 9.356995 ] }, { "date": "2024-09-27", "close": 10.269595, "volume": 7540301, "typical_volume": 6422891.55, "trend": 9.722664, "fair_value": 15.051082, "relative_strength": -3.960849, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.462906, "energy": 8.443523, "activity_lines": [ 9.202429, 9.038115, 9.105826, 9.394261 ] }, { "date": "2024-10-04", "close": 9.82269, "volume": 6155215, "typical_volume": 6389165.1, "trend": 9.727192, "fair_value": 14.971944, "relative_strength": -4.315112, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.945353, "energy": 13.535718, "activity_lines": [ 9.478067, 9.187139, 9.150999, 9.400715 ] }, { "date": "2024-10-11", "close": 9.306677, "volume": 5428224, "typical_volume": 6400137.65, "trend": 9.707248, "fair_value": 14.890708, "relative_strength": -9.222913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.275715, "energy": 18.39199, "activity_lines": [ 9.520884, 9.237149, 9.153842, 9.373585 ] }, { "date": "2024-10-18", "close": 9.28364, "volume": 4923528, "typical_volume": 6323786.7, "trend": 9.677336, "fair_value": 14.815371, "relative_strength": -9.291643, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.067424, "energy": 18.377212, "activity_lines": [ 9.493486, 9.275297, 9.159652, 9.346255 ] }, { "date": "2024-10-25", "close": 8.681931, "volume": 7013512, "typical_volume": 6371173.4, "trend": 9.622768, "fair_value": 14.731779, "relative_strength": -13.331602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.667045, "energy": 12.072966, "activity_lines": [ 9.225281, 9.194209, 9.113487, 9.282035 ] }, { "date": "2024-11-01", "close": 8.162231, "volume": 6762216, "typical_volume": 6263165.15, "trend": 9.545088, "fair_value": 14.638204, "relative_strength": -16.768428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.411312, "energy": 39.041995, "activity_lines": [ 8.78839, 9.020875, 9.023874, 9.187807 ] }, { "date": "2024-11-08", "close": 8.434982, "volume": 6708720, "typical_volume": 6231952.0, "trend": 9.454836, "fair_value": 14.537252, "relative_strength": -12.633751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.754513, "energy": 47.522019, "activity_lines": [ 8.582906, 8.913853, 8.963843, 9.116188 ] }, { "date": "2024-11-15", "close": 8.176974, "volume": 6749081, "typical_volume": 6272582.2, "trend": 9.363551, "fair_value": 14.433546, "relative_strength": -13.826427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.407152, "energy": 58.055173, "activity_lines": [ 8.383933, 8.768564, 8.883282, 9.033745 ] }, { "date": "2024-11-22", "close": 7.519057, "volume": 7879436, "typical_volume": 6390258.25, "trend": 9.272742, "fair_value": 14.341235, "relative_strength": -19.91301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.484728, "energy": 70.494123, "activity_lines": [ 8.040968, 8.50714, 8.74473, 8.914745 ] }, { "date": "2024-11-29", "close": 7.233407, "volume": 7434166, "typical_volume": 6483172.3, "trend": 9.153121, "fair_value": 14.242036, "relative_strength": -22.057027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.537917, "energy": 72.615516, "activity_lines": [ 7.720425, 8.214888, 8.588518, 8.783175 ] }, { "date": "2024-12-06", "close": 8.035071, "volume": 8172499, "typical_volume": 6530188.05, "trend": 9.054139, "fair_value": 14.141764, "relative_strength": -14.876277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.727871, "energy": 58.779329, "activity_lines": [ 7.763672, 8.095971, 8.518768, 8.711043 ] }, { "date": "2024-12-13", "close": 8.235948, "volume": 6101158, "typical_volume": 6369336.2, "trend": 8.953542, "fair_value": 14.05163, "relative_strength": -11.82182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.804954, "energy": 45.15275, "activity_lines": [ 7.882356, 8.054204, 8.4713, 8.658256 ] }, { "date": "2024-12-20", "close": 8.15486, "volume": 6240287, "typical_volume": 6272486.3, "trend": 8.87903, "fair_value": 13.957238, "relative_strength": -10.389156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.342771, "energy": 34.276956, "activity_lines": [ 7.987278, 8.026543, 8.422305, 8.606729 ] }, { "date": "2024-12-27", "close": 8.346521, "volume": 1724111, "typical_volume": 6039928.05, "trend": 8.810474, "fair_value": 13.864624, "relative_strength": -8.578256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.981201, "energy": 20.325373, "activity_lines": [ 8.157563, 8.054673, 8.395039, 8.572373 ] }, { "date": "2025-01-03", "close": 8.329936, "volume": 3294639, "typical_volume": 6046917.95, "trend": 8.756415, "fair_value": 13.766187, "relative_strength": -7.249245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.529679, "energy": 18.735839, "activity_lines": [ 8.267154, 8.096825, 8.36808, 8.541371 ] }, { "date": "2025-01-10", "close": 8.451568, "volume": 4589121, "typical_volume": 6121946.75, "trend": 8.740812, "fair_value": 13.670784, "relative_strength": -7.219818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.723741, "energy": 17.841142, "activity_lines": [ 8.344188, 8.167492, 8.354969, 8.521703 ] }, { "date": "2025-01-17", "close": 9.679866, "volume": 7500714, "typical_volume": 6342001.75, "trend": 8.754019, "fair_value": 13.591665, "relative_strength": 2.655152, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.365594, "energy": 22.411741, "activity_lines": [ 8.802887, 8.456225, 8.46184, 8.582287 ] }, { "date": "2025-01-24", "close": 10.089911, "volume": 6280100, "typical_volume": 6412781.95, "trend": 8.785103, "fair_value": 13.525014, "relative_strength": 4.288025, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.059022, "energy": 51.997667, "activity_lines": [ 9.302008, 8.796878, 8.604099, 8.668474 ] }, { "date": "2025-01-31", "close": 9.97473, "volume": 4561649, "typical_volume": 6269599.95, "trend": 8.800153, "fair_value": 13.454217, "relative_strength": 3.050947, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.793434, "energy": 63.632764, "activity_lines": [ 9.633731, 9.081808, 8.727192, 8.745224 ] }, { "date": "2025-02-07", "close": 9.758188, "volume": 6436373, "typical_volume": 6074752.5, "trend": 8.813515, "fair_value": 13.374061, "relative_strength": 0.686276, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.526881, "energy": 65.317106, "activity_lines": [ 9.784726, 9.282719, 8.823497, 8.807033 ] }, { "date": "2025-02-14", "close": 10.472315, "volume": 5866962, "typical_volume": 5991085.55, "trend": 8.872703, "fair_value": 13.297823, "relative_strength": 5.446218, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.152651, "energy": 81.287795, "activity_lines": [ 10.078547, 9.567565, 8.983014, 8.914052 ] }, { "date": "2025-02-21", "close": 10.228129, "volume": 5690318, "typical_volume": 5967840.7, "trend": 8.895739, "fair_value": 13.247176, "relative_strength": 3.220046, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.710423, "energy": 75.724696, "activity_lines": [ 10.156256, 9.7637, 9.118309, 9.001499 ] }, { "date": "2025-02-28", "close": 9.232961, "volume": 8907790, "typical_volume": 6141819.0, "trend": 8.907349, "fair_value": 13.222089, "relative_strength": -6.271049, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.275742, "energy": 43.522821, "activity_lines": [ 9.865691, 9.742675, 9.156896, 9.023255 ] }, { "date": "2025-03-07", "close": 9.260604, "volume": 10856870, "typical_volume": 6438486.1, "trend": 8.924611, "fair_value": 13.200862, "relative_strength": -5.997926, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.865495, "energy": 31.109625, "activity_lines": [ 9.641471, 9.707073, 9.198467, 9.046046 ] }, { "date": "2025-03-14", "close": 9.00444, "volume": 7490300, "typical_volume": 6462325.5, "trend": 8.931246, "fair_value": 13.169417, "relative_strength": -7.410382, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.680531, "energy": 19.576035, "activity_lines": [ 9.379471, 9.608277, 9.215751, 9.051196 ] }, { "date": "2025-03-21", "close": 9.079999, "volume": 8035145, "typical_volume": 6525971.95, "trend": 8.931184, "fair_value": 13.142415, "relative_strength": -6.6259, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.264065, "energy": 22.853569, "activity_lines": [ 9.192908, 9.510954, 9.238695, 9.060793 ] }, { "date": "2025-03-28", "close": 8.208304, "volume": 7979237, "typical_volume": 6589497.8, "trend": 8.907779, "fair_value": 13.103393, "relative_strength": -13.935144, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.895017, "energy": 19.72582, "activity_lines": [ 8.8086, 9.243716, 9.17425, 9.014156 ] }, { "date": "2025-04-04", "close": 6.986457, "volume": 9630700, "typical_volume": 6733578.75, "trend": 8.861707, "fair_value": 13.057501, "relative_strength": -19.854039, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.815969, "energy": 37.992218, "activity_lines": [ 8.151665, 8.78108, 8.994519, 8.890199 ] }, { "date": "2025-04-11", "close": 6.912741, "volume": 12610494, "typical_volume": 6970131.65, "trend": 8.802795, "fair_value": 13.009844, "relative_strength": -18.252177, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.328488, "energy": 60.882434, "activity_lines": [ 7.619926, 8.361466, 8.813436, 8.76446 ] }, { "date": "2025-04-18", "close": 7.399268, "volume": 6922861, "typical_volume": 6944566.4, "trend": 8.757767, "fair_value": 12.96242, "relative_strength": -14.194758, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.326445, "energy": 69.231647, "activity_lines": [ 7.406885, 8.085985, 8.681576, 8.67391 ] }, { "date": "2025-04-25", "close": 8.18619, "volume": 4921109, "typical_volume": 6781996.9, "trend": 8.68832, "fair_value": 12.918666, "relative_strength": -7.953917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.193128, "energy": 65.782789, "activity_lines": [ 7.563164, 7.996471, 8.623871, 8.637034 ] }, { "date": "2025-05-02", "close": 8.175132, "volume": 5721434, "typical_volume": 6763010.7, "trend": 8.633401, "fair_value": 12.876573, "relative_strength": -10.399431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.933801, "energy": 38.858736, "activity_lines": [ 7.775344, 7.946511, 8.564393, 8.603925 ] }, { "date": "2025-05-09", "close": 8.259906, "volume": 4465004, "typical_volume": 6674246.55, "trend": 8.598509, "fair_value": 12.831176, "relative_strength": -8.750949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.068254, "energy": 23.189406, "activity_lines": [ 8.017994, 7.949292, 8.513279, 8.579828 ] }, { "date": "2025-05-16", "close": 8.641388, "volume": 5887699, "typical_volume": 6882425.95, "trend": 8.577101, "fair_value": 12.783056, "relative_strength": -5.829653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -4.004458, "energy": 10.240207, "activity_lines": [ 8.302907, 8.039126, 8.497996, 8.582595 ] }, { "date": "2025-05-23", "close": 8.28755, "volume": 5541712, "typical_volume": 6994779.6, "trend": 8.563954, "fair_value": 12.724981, "relative_strength": -7.583493, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.665699, "energy": 18.882572, "activity_lines": [ 8.354632, 8.075883, 8.44761, 8.563914 ] }, { "date": "2025-05-30", "close": 8.950631, "volume": 5600276, "typical_volume": 7045337.35, "trend": 8.590234, "fair_value": 12.671073, "relative_strength": -0.171242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.409034, "energy": 15.302296, "activity_lines": [ 8.568164, 8.246236, 8.460577, 8.588861 ] }, { "date": "2025-06-06", "close": 8.303015, "volume": 5281883, "typical_volume": 6934395.8, "trend": 8.585836, "fair_value": 12.607698, "relative_strength": -7.747012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.132519, "energy": 16.281091, "activity_lines": [ 8.514862, 8.301192, 8.409489, 8.570331 ] }, { "date": "2025-06-13", "close": 8.569794, "volume": 5322122, "typical_volume": 6886496.9, "trend": 8.59893, "fair_value": 12.557, "relative_strength": -3.174845, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.257693, "energy": 9.893044, "activity_lines": [ 8.541961, 8.402931, 8.390365, 8.569296 ] }, { "date": "2025-06-20", "close": 8.627789, "volume": 7080086, "typical_volume": 7012418.75, "trend": 8.635887, "fair_value": 12.507065, "relative_strength": -1.166865, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.924821, "energy": 9.269214, "activity_lines": [ 8.567732, 8.486427, 8.384004, 8.571157 ] }, { "date": "2025-06-27", "close": 9.16908, "volume": 7476100, "typical_volume": 7064405.1, "trend": 8.70041, "fair_value": 12.461579, "relative_strength": 3.698277, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.947481, "energy": 17.951153, "activity_lines": [ 8.77484, 8.637157, 8.435607, 8.605557 ] }, { "date": "2025-07-04", "close": 8.985427, "volume": 5391753, "typical_volume": 7040644.65, "trend": 8.732088, "fair_value": 12.413545, "relative_strength": 1.683441, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.087223, "energy": 26.344084, "activity_lines": [ 8.861962, 8.722317, 8.472526, 8.623945 ] }, { "date": "2025-07-11", "close": 9.694905, "volume": 5222691, "typical_volume": 7017263.3, "trend": 8.78072, "fair_value": 12.373024, "relative_strength": 7.799703, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.981109, "energy": 47.868081, "activity_lines": [ 9.183256, 8.921941, 8.584094, 8.686062 ] }, { "date": "2025-07-18", "close": 9.565382, "volume": 4866495, "typical_volume": 6815198.55, "trend": 8.827738, "fair_value": 12.322637, "relative_strength": 6.327524, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.598683, "energy": 51.03066, "activity_lines": [ 9.368584, 9.070383, 8.685866, 8.736686 ] }, { "date": "2025-07-25", "close": 9.453258, "volume": 9108419, "typical_volume": 6727776.0, "trend": 8.864629, "fair_value": 12.266356, "relative_strength": 5.030331, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.805821, "energy": 42.27769, "activity_lines": [ 9.450164, 9.174704, 8.775376, 8.777042 ] }, { "date": "2025-08-01", "close": 9.165214, "volume": 6735481, "typical_volume": 6690035.05, "trend": 8.892471, "fair_value": 12.214159, "relative_strength": 5.740824, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.989027, "energy": 36.351748, "activity_lines": [ 9.380699, 9.211891, 8.836536, 8.796435 ] }, { "date": "2025-08-08", "close": 9.646575, "volume": 3974988, "typical_volume": 6487027.2, "trend": 8.932305, "fair_value": 12.156599, "relative_strength": 8.386664, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.679873, "energy": 27.62639, "activity_lines": [ 9.471945, 9.320641, 8.942774, 8.845086 ] }, { "date": "2025-08-15", "close": 10.09604, "volume": 3698009, "typical_volume": 6272965.8, "trend": 8.946177, "fair_value": 12.109558, "relative_strength": 10.682554, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.659823, "energy": 32.707555, "activity_lines": [ 9.668936, 9.498459, 9.089121, 8.920166 ] }, { "date": "2025-08-22", "close": 10.492342, "volume": 4054830, "typical_volume": 5994172.3, "trend": 8.959592, "fair_value": 12.072778, "relative_strength": 14.134972, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.765814, "energy": 61.352144, "activity_lines": [ 9.971285, 9.715731, 9.264221, 9.019919 ] }, { "date": "2025-08-29", "close": 10.009047, "volume": 4042399, "typical_volume": 5565767.55, "trend": 8.960736, "fair_value": 12.029012, "relative_strength": 12.387603, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.882136, "energy": 61.877766, "activity_lines": [ 10.050739, 9.810175, 9.376599, 9.087625 ] }, { "date": "2025-09-05", "close": 9.975216, "volume": 4635706, "typical_volume": 5451409.8, "trend": 8.96797, "fair_value": 11.986119, "relative_strength": 12.13145, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.272388, "energy": 59.883132, "activity_lines": [ 10.081863, 9.873355, 9.471011, 9.153076 ] }, { "date": "2025-09-12", "close": 10.14437, "volume": 3470654, "typical_volume": 5378887.05, "trend": 8.957038, "fair_value": 11.946242, "relative_strength": 11.592923, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.869459, "energy": 55.197825, "activity_lines": [ 10.115372, 9.952633, 9.569265, 9.228973 ] }, { "date": "2025-09-19", "close": 10.709826, "volume": 6264241, "typical_volume": 5406027.4, "trend": 8.973095, "fair_value": 11.925011, "relative_strength": 17.006272, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.511386, "energy": 49.415212, "activity_lines": [ 10.30418, 10.11365, 9.712049, 9.342056 ] }, { "date": "2025-09-26", "close": 10.395683, "volume": 4481197, "typical_volume": 5406837.05, "trend": 9.011852, "fair_value": 11.904201, "relative_strength": 13.322351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.676552, "energy": 43.555063, "activity_lines": [ 10.347354, 10.199096, 9.812843, 9.433835 ] }, { "date": "2025-10-03", "close": 10.303858, "volume": 4083185, "typical_volume": 5316611.35, "trend": 9.046628, "fair_value": 11.880424, "relative_strength": 9.440434, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.989576, "energy": 42.674409, "activity_lines": [ 10.366364, 10.252751, 9.894722, 9.517191 ] }, { "date": "2025-10-10", "close": 9.58858, "volume": 4160529, "typical_volume": 5247552.2, "trend": 9.066099, "fair_value": 11.851195, "relative_strength": 3.976175, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.607641, "energy": 30.748673, "activity_lines": [ 10.127294, 10.16089, 9.900563, 9.552155 ] }, { "date": "2025-10-17", "close": 9.675573, "volume": 4741438, "typical_volume": 5204610.3, "trend": 9.085951, "fair_value": 11.819334, "relative_strength": 1.691115, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.140202, "energy": 19.215873, "activity_lines": [ 9.942997, 10.077148, 9.908494, 9.591476 ] }, { "date": "2025-10-24", "close": 11.744078, "volume": 7892183, "typical_volume": 5335125.3, "trend": 9.20381, "fair_value": 11.801488, "relative_strength": 22.115275, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.093572, "energy": 44.149197, "activity_lines": [ 10.479455, 10.36897, 10.109973, 9.762968 ] }, { "date": "2025-10-31", "close": 11.58459, "volume": 5650249, "typical_volume": 5351531.65, "trend": 9.357082, "fair_value": 11.778536, "relative_strength": 21.359396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.939428, "energy": 56.711706, "activity_lines": [ 10.8938, 10.601831, 10.279877, 9.916567 ] }, { "date": "2025-11-07", "close": 11.574924, "volume": 4723362, "typical_volume": 5233695.45, "trend": 9.512488, "fair_value": 11.74464, "relative_strength": 23.246471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.772271, "energy": 75.938425, "activity_lines": [ 11.225663, 10.813075, 10.434504, 10.059654 ] }, { "date": "2025-11-14", "close": 11.932563, "volume": 4143852, "typical_volume": 5067083.05, "trend": 9.663598, "fair_value": 11.71891, "relative_strength": 22.962667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.687108, "energy": 83.460588, "activity_lines": [ 11.592001, 11.060874, 10.609157, 10.215787 ] }, { "date": "2025-11-21", "close": 10.154037, "volume": 7242088, "typical_volume": 5159599.8, "trend": 9.729192, "fair_value": 11.684773, "relative_strength": 6.685264, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.291868, "energy": 50.020343, "activity_lines": [ 11.209231, 10.949716, 10.601268, 10.247429 ] }, { "date": "2025-11-28", "close": 10.526174, "volume": 4549112, "typical_volume": 5125920.85, "trend": 9.80756, "fair_value": 11.655344, "relative_strength": 8.171535, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.935203, "energy": 32.569821, "activity_lines": [ 10.91861, 10.906044, 10.623256, 10.298847 ] }, { "date": "2025-12-05", "close": 11.12546, "volume": 5042535, "typical_volume": 5134722.85, "trend": 9.903079, "fair_value": 11.633113, "relative_strength": 13.913649, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.6481, "energy": 24.362213, "activity_lines": [ 10.908944, 10.974672, 10.69836, 10.383873 ] }, { "date": "2025-12-12", "close": 11.086797, "volume": 3834922, "typical_volume": 4871048.0, "trend": 9.984593, "fair_value": 11.606802, "relative_strength": 13.689733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.846434, "energy": 21.08412, "activity_lines": [ 10.916999, 11.023001, 10.762353, 10.460242 ] }, { "date": "2025-12-19", "close": 11.096461, "volume": 4758217, "typical_volume": 4772184.8, "trend": 10.078223, "fair_value": 11.584357, "relative_strength": 12.204578, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.735302, "energy": 22.127436, "activity_lines": [ 10.960817, 11.058853, 10.819488, 10.531975 ] }, { "date": "2025-12-26", "close": 10.990137, "volume": 1249303, "typical_volume": 4635900.55, "trend": 10.146206, "fair_value": 11.561371, "relative_strength": 11.393942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.85961, "energy": 24.768023, "activity_lines": [ 11.024934, 11.047957, 10.8573, 10.590808 ] }, { "date": "2026-01-02", "close": 11.773076, "volume": 1624420, "typical_volume": 4532221.1, "trend": 10.261875, "fair_value": 11.530815, "relative_strength": 17.452415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.034103, "energy": 39.022907, "activity_lines": [ 11.294291, 11.155512, 10.96328, 10.695767 ] }, { "date": "2026-01-09", "close": 11.724746, "volume": 3112858, "typical_volume": 4485122.5, "trend": 10.36704, "fair_value": 11.494186, "relative_strength": 14.160624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.69782, "energy": 45.969823, "activity_lines": [ 11.464411, 11.253753, 11.056671, 10.790146 ] }, { "date": "2026-01-16", "close": 11.434769, "volume": 3836242, "typical_volume": 4474814.65, "trend": 10.460606, "fair_value": 11.462524, "relative_strength": 12.50051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.007616, "energy": 41.349866, "activity_lines": [ 11.497919, 11.296722, 11.116576, 10.859032 ] }, { "date": "2026-01-23", "close": 11.966393, "volume": 3512465, "typical_volume": 4418652.6, "trend": 10.55385, "fair_value": 11.425766, "relative_strength": 19.040385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.633498, "energy": 59.243856, "activity_lines": [ 11.685438, 11.438899, 11.220324, 10.95618 ] }, { "date": "2026-01-30", "close": 11.425102, "volume": 3669280, "typical_volume": 4428583.9, "trend": 10.635173, "fair_value": 11.381229, "relative_strength": 13.619026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.599953, "energy": 41.317511, "activity_lines": [ 11.63453, 11.482044, 11.263038, 11.012389 ] }, { "date": "2026-02-06", "close": 12.096884, "volume": 4256452, "typical_volume": 4328194.45, "trend": 10.715238, "fair_value": 11.345979, "relative_strength": 17.722091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.78807, "energy": 41.456615, "activity_lines": [ 11.778553, 11.62422, 11.363632, 11.106693 ] }, { "date": "2026-02-13", "close": 12.879822, "volume": 4406042, "typical_volume": 4324436.7, "trend": 10.82572, "fair_value": 11.3106, "relative_strength": 24.252003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.715623, "energy": 62.186874, "activity_lines": [ 12.161967, 11.880191, 11.532187, 11.246344 ] }, { "date": "2026-02-20", "close": 12.585012, "volume": 3815676, "typical_volume": 4311061.25, "trend": 10.930112, "fair_value": 11.284157, "relative_strength": 18.095844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.708324, "energy": 66.200399, "activity_lines": [ 12.370106, 12.050663, 11.660836, 11.359847 ] }, { "date": "2026-02-27", "close": 11.8794, "volume": 5842108, "typical_volume": 4395140.2, "trend": 11.020585, "fair_value": 11.244156, "relative_strength": 10.209745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.175914, "energy": 55.030738, "activity_lines": [ 12.266359, 12.065601, 11.711421, 11.421091 ] }, { "date": "2026-03-06", "close": 10.390851, "volume": 5510227, "typical_volume": 4433579.65, "trend": 11.045394, "fair_value": 11.195675, "relative_strength": 3.229984, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.280356, "energy": 14.306806, "activity_lines": [ 11.672228, 11.795659, 11.60933, 11.380463 ] }, { "date": "2026-03-13", "close": 10.023546, "volume": 4870562, "typical_volume": 4282498.6, "trend": 11.042977, "fair_value": 11.162604, "relative_strength": 0.389679, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -19.234527, "energy": 22.683773, "activity_lines": [ 11.024612, 11.46983, 11.468853, 11.314537 ] }, { "date": "2026-03-20", "close": 9.472589, "volume": 5515285, "typical_volume": 4275750.4, "trend": 11.008985, "fair_value": 11.124883, "relative_strength": -2.243994, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -38.235752, "energy": 42.215284, "activity_lines": [ 10.331566, 11.075636, 11.284096, 11.213222 ] }, { "date": "2026-03-27", "close": 9.883391, "volume": 5632600, "typical_volume": 4321212.3, "trend": 11.004797, "fair_value": 11.082437, "relative_strength": 1.135342, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.400734, "energy": 45.372139, "activity_lines": [ 10.002603, 10.797082, 11.14852, 11.140603 ] }, { "date": "2026-04-03", "close": 10.052544, "volume": 4684412, "typical_volume": 4348240.3, "trend": 11.007375, "fair_value": 11.044768, "relative_strength": -0.95197, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.747596, "energy": 60.030171, "activity_lines": [ 9.910133, 10.577491, 11.037109, 11.079167 ] }, { "date": "2026-04-10", "close": 10.787152, "volume": 3414495, "typical_volume": 4156860.65, "trend": 11.028801, "fair_value": 11.006325, "relative_strength": 1.949326, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.061246, "energy": 45.710947, "activity_lines": [ 10.184322, 10.526261, 11.004613, 11.064959 ] }, { "date": "2026-04-17", "close": 11.226952, "volume": 4749679, "typical_volume": 4166889.0, "trend": 11.046038, "fair_value": 10.974982, "relative_strength": 3.528539, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.637236, "energy": 11.685703, "activity_lines": [ 10.578691, 10.566594, 11.010988, 11.077743 ] }, { "date": "2026-04-24", "close": 10.347354, "volume": 4518306, "typical_volume": 4140677.55, "trend": 11.044427, "fair_value": 10.942476, "relative_strength": -1.723502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.36432, "energy": 18.878288, "activity_lines": [ 10.599634, 10.462818, 10.930254, 11.032667 ] }, { "date": "2026-05-01", "close": 10.30869, "volume": 3295765, "typical_volume": 4113719.7, "trend": 11.044588, "fair_value": 10.912687, "relative_strength": -1.891231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.084264, "energy": 19.549212, "activity_lines": [ 10.549371, 10.398056, 10.849544, 10.9852 ] }, { "date": "2026-05-08", "close": 11.236618, "volume": 4987035, "typical_volume": 4125160.6, "trend": 11.099523, "fair_value": 10.886078, "relative_strength": 6.466356, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.632465, "energy": 15.260369, "activity_lines": [ 10.780065, 10.543396, 10.860913, 10.997589 ] }, { "date": "2026-05-15", "close": 12.174211, "volume": 5616594, "typical_volume": 4343525.15, "trend": 11.182811, "fair_value": 10.857813, "relative_strength": 16.918966, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.463909, "energy": 14.542057, "activity_lines": [ 11.24435, 10.870895, 10.960909, 11.066924 ] }, { "date": "2026-05-22", "close": 12.217708, "volume": 3951863, "typical_volume": 4459897.3, "trend": 11.198598, "fair_value": 10.828093, "relative_strength": 14.249051, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.155478, "energy": 26.717249, "activity_lines": [ 11.630665, 11.173877, 11.059409, 11.133691 ] }, { "date": "2026-05-29", "close": 13.27, "volume": 4716972, "typical_volume": 4540103.0, "trend": 11.254779, "fair_value": 10.804776, "relative_strength": 22.231245, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.62974, "energy": 64.469708, "activity_lines": [ 12.301693, 11.628292, 11.256011, 11.26733 ] }, { "date": "2026-06-05", "close": 15.12, "volume": 1720965, "typical_volume": 4434339.15, "trend": 11.372948, "fair_value": 10.783672, "relative_strength": 37.137744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.587466, "energy": 87.773486, "activity_lines": [ 13.394544, 12.350026, 11.621444, 11.516699 ] }, { "date": "2026-06-12", "close": 14.53, "volume": 848347, "typical_volume": 4301133.25, "trend": 11.459529, "fair_value": 10.757588, "relative_strength": 28.542245, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.533122, "energy": 88.125181, "activity_lines": [ 13.969975, 12.869276, 11.913138, 11.72038 ] }, { "date": "2026-06-19", "close": 13.62, "volume": 2471213, "typical_volume": 4241229.9, "trend": 11.575061, "fair_value": 10.735373, "relative_strength": 18.676055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.853118, "energy": 82.313246, "activity_lines": [ 14.022514, 13.141664, 12.105958, 11.859765 ] }, { "date": "2026-06-26", "close": 12.52, "volume": 1342155, "typical_volume": 4095515.05, "trend": 11.641522, "fair_value": 10.703595, "relative_strength": 9.099745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.61764, "energy": 70.574202, "activity_lines": [ 13.612, 13.162545, 12.183564, 11.920729 ] }, { "date": "2026-07-03", "close": 13.275, "volume": 697228, "typical_volume": 3910074.35, "trend": 11.713173, "fair_value": 10.677114, "relative_strength": 13.378034, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.175923, "energy": 43.60164, "activity_lines": [ 13.433, 13.297189, 12.33106, 12.026115 ] }, { "date": "2026-07-10", "close": 12.395, "volume": 3479741, "typical_volume": 3893277.6, "trend": 11.75678, "fair_value": 10.637002, "relative_strength": 7.635733, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.310771, "energy": 23.527147, "activity_lines": [ 12.960333, 13.218603, 12.392865, 12.070104 ] }, { "date": "2026-07-17", "close": 12.89, "volume": 4057131, "typical_volume": 3804028.75, "trend": 11.816565, "fair_value": 10.598693, "relative_strength": 11.435116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.695412, "energy": 22.868051, "activity_lines": [ 12.834333, 13.192084, 12.502717, 12.143214 ] }, { "date": "2026-07-24", "close": 13.73, "volume": 6431007, "typical_volume": 3850067.75, "trend": 11.907894, "fair_value": 10.568108, "relative_strength": 17.516489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.439528, "energy": 25.998127, "activity_lines": [ 13.097667, 13.288231, 12.687757, 12.266662 ] }, { "date": "2026-07-31", "close": 14.74, "volume": 4513170, "typical_volume": 3832198.15, "trend": 12.006791, "fair_value": 10.552159, "relative_strength": 23.245645, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.965094, "energy": 40.396704, "activity_lines": [ 13.690333, 13.539727, 12.953087, 12.449378 ] }, { "date": "2026-08-07", "close": 14.63, "volume": 3811682, "typical_volume": 3747018.0, "trend": 12.103633, "fair_value": 10.539672, "relative_strength": 18.741055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.766879, "energy": 53.955282, "activity_lines": [ 14.098333, 13.725364, 13.185481, 12.618618 ] } ], "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." } } }