{ "ticker": { "uuid": "ac905ce1-3ab0-499d-b894-334853b16d32", "symbol": "CPH", "name": "Cipher Pharmaceuticals Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.87, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 35.689, "architecture_energy": 15.093, "architecture_maturity": 30.732, "architecture_confidence": 57.974, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 52.61, "rotation_up": 36.82, "upward_expansion": 52.6, "deceleration": 63.36, "rotation_down": 20.14, "downward_expansion": 20.93 }, "activity_lines": [ 16.916666, 16.808909, 17.024714, 16.992774 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 17.549999, "trend_reference": 16.661, "distance_from_trend": 0.053358, "trend_direction": "Improving", "fair_value": 12.288333, "distance_from_fair_value": 0.428184, "fair_value_direction": "Weakening", "relative_strength": -1.985609, "relative_strength_direction": "Weakening", "price_momentum": 0.21875, "excess_performance": 0.098329, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053358, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047181, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.428184, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.335265, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019856, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.194397, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.21875, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.386371, "read": "Supply-led" } ], "volume": { "latest": 101300, "relative_activity": 1.039881, "balance": 0.386371, "dry_up": 0.842016, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.053079, "annualized_volatility": 0.343114, "from_high_reference": -0.146401, "from_low_reference": 0.40625 }, "levels": { "trend_reference": 16.661, "fair_value_reference": 12.288333, "structural_low": 14.2, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.016047, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.01581, "regime_survival": 0.571429, "best_return": 0.726077, "worst_return": -0.224148, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.247973, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.22507, "regime_survival": 0.142857, "best_return": 0.839578, "worst_return": -0.201789, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.274672, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.381675, "regime_survival": 0.2, "best_return": 0.578761, "worst_return": 0.026393, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 1.096045, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.963445, "regime_survival": 0.333333, "best_return": 1.1744, "worst_return": 0.832845, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-08-02", "tenure": "Developing", "return": 0.420375, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-09", "end": "2024-10-04", "tenure": "Developing", "return": 0.091476, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.075461, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.172518, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2025-01-24", "tenure": "Developing", "return": -0.057873, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": -0.050773, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-21", "end": "2025-05-02", "tenure": "Developing", "return": 0.1648, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-08-01", "tenure": "Established", "return": -0.12509, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-10-17", "tenure": "Developing", "return": -0.045455, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2026-02-13", "tenure": "Established", "return": 0.006901, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": 0.111111, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.045263, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": -0.108511, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.051528, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3.75, "volume": 102600, "typical_volume": 66285.0, "trend": 3.575667, "fair_value": 2.298013, "relative_strength": 8.409758, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.191504, "energy": 14.757961, "activity_lines": [ 3.614667, 3.608909, 3.614238, 3.591226 ] }, { "date": "2023-08-25", "close": 3.83, "volume": 141500, "typical_volume": 70135.0, "trend": 3.589333, "fair_value": 2.315385, "relative_strength": 9.811251, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.740258, "energy": 23.785728, "activity_lines": [ 3.68, 3.646909, 3.638762, 3.607634 ] }, { "date": "2023-09-01", "close": 3.97, "volume": 144700, "typical_volume": 74565.0, "trend": 3.608, "fair_value": 2.333718, "relative_strength": 9.271463, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.803483, "energy": 51.026816, "activity_lines": [ 3.786667, 3.708909, 3.674429, 3.632194 ] }, { "date": "2023-09-08", "close": 4.4, "volume": 210900, "typical_volume": 82310.0, "trend": 3.633333, "fair_value": 2.354551, "relative_strength": 22.93647, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.291828, "energy": 76.889173, "activity_lines": [ 4.020667, 3.844545, 3.748381, 3.68329 ] }, { "date": "2023-09-15", "close": 4.47, "volume": 165600, "typical_volume": 87960.0, "trend": 3.659, "fair_value": 2.375833, "relative_strength": 20.801597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.414995, "energy": 85.351577, "activity_lines": [ 4.218, 3.977818, 3.82419, 3.737269 ] }, { "date": "2023-09-22", "close": 4.4, "volume": 158800, "typical_volume": 92255.0, "trend": 3.680667, "fair_value": 2.396923, "relative_strength": 23.321886, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.083883, "energy": 84.815742, "activity_lines": [ 4.323333, 4.080364, 3.888238, 3.785075 ] }, { "date": "2023-09-29", "close": 4.25, "volume": 121500, "typical_volume": 93885.0, "trend": 3.696333, "fair_value": 2.4175, "relative_strength": 20.037533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.739241, "energy": 82.528932, "activity_lines": [ 4.335333, 4.139636, 3.932667, 3.821806 ] }, { "date": "2023-10-06", "close": 4.35, "volume": 81000, "typical_volume": 94240.0, "trend": 3.712333, "fair_value": 2.438526, "relative_strength": 24.037867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.572147, "energy": 77.45814, "activity_lines": [ 4.352667, 4.208, 3.983048, 3.863978 ] }, { "date": "2023-10-13", "close": 4.2, "volume": 38400, "typical_volume": 94400.0, "trend": 3.732333, "fair_value": 2.45859, "relative_strength": 17.765607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.924775, "energy": 48.95589, "activity_lines": [ 4.294667, 4.237818, 4.015333, 3.895441 ] }, { "date": "2023-10-20", "close": 4.47, "volume": 87600, "typical_volume": 96115.0, "trend": 3.769667, "fair_value": 2.480641, "relative_strength": 26.738632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.269008, "energy": 49.78725, "activity_lines": [ 4.34, 4.304, 4.070714, 3.943032 ] }, { "date": "2023-10-27", "close": 4.36, "volume": 28800, "typical_volume": 96220.0, "trend": 3.805, "fair_value": 2.502244, "relative_strength": 25.26288, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.287898, "energy": 44.948977, "activity_lines": [ 4.348667, 4.331455, 4.112952, 3.981118 ] }, { "date": "2023-11-03", "close": 4.44, "volume": 42600, "typical_volume": 95465.0, "trend": 3.840667, "fair_value": 2.524679, "relative_strength": 19.864636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.845078, "energy": 46.316135, "activity_lines": [ 4.386667, 4.362364, 4.160048, 4.022086 ] }, { "date": "2023-11-10", "close": 5.15, "volume": 264800, "typical_volume": 106220.0, "trend": 3.898667, "fair_value": 2.551795, "relative_strength": 38.887262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.136652, "energy": 76.793543, "activity_lines": [ 4.648667, 4.511273, 4.271476, 4.106559 ] }, { "date": "2023-11-17", "close": 5.47, "volume": 307900, "typical_volume": 116375.0, "trend": 3.968, "fair_value": 2.580769, "relative_strength": 42.227501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.23145, "energy": 93.960749, "activity_lines": [ 4.964, 4.696909, 4.406571, 4.207935 ] }, { "date": "2023-11-24", "close": 6.22, "volume": 198900, "typical_volume": 122245.0, "trend": 4.062, "fair_value": 2.614936, "relative_strength": 60.034796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.422988, "energy": 98.348554, "activity_lines": [ 5.444667, 4.999455, 4.604048, 4.353226 ] }, { "date": "2023-12-01", "close": 6.33, "volume": 124400, "typical_volume": 126455.0, "trend": 4.163667, "fair_value": 2.649744, "relative_strength": 57.924726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.248859, "energy": 97.461137, "activity_lines": [ 5.845333, 5.290182, 4.798952, 4.499548 ] }, { "date": "2023-12-08", "close": 6.43, "volume": 90200, "typical_volume": 123855.0, "trend": 4.261333, "fair_value": 2.685641, "relative_strength": 59.534356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.849042, "energy": 95.318414, "activity_lines": [ 6.148, 5.564, 4.99, 4.645763 ] }, { "date": "2023-12-15", "close": 6.29, "volume": 92800, "typical_volume": 126305.0, "trend": 4.352667, "fair_value": 2.719936, "relative_strength": 52.896994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.159424, "energy": 89.776396, "activity_lines": [ 6.271333, 5.772727, 5.154952, 4.776645 ] }, { "date": "2023-12-22", "close": 5.65, "volume": 146800, "typical_volume": 132100.0, "trend": 4.419333, "fair_value": 2.750321, "relative_strength": 34.049964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.140573, "energy": 75.382405, "activity_lines": [ 6.105333, 5.829818, 5.246762, 4.860344 ] }, { "date": "2023-12-29", "close": 5.54, "volume": 89100, "typical_volume": 131945.0, "trend": 4.473667, "fair_value": 2.779872, "relative_strength": 30.134701, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.815991, "energy": 63.003112, "activity_lines": [ 5.890667, 5.840545, 5.317857, 4.932645 ] }, { "date": "2024-01-05", "close": 6.21, "volume": 74400, "typical_volume": 130535.0, "trend": 4.554667, "fair_value": 2.812051, "relative_strength": 44.617357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.776642, "energy": 55.555216, "activity_lines": [ 5.944667, 5.953636, 5.442762, 5.044667 ] }, { "date": "2024-01-12", "close": 5.8, "volume": 94400, "typical_volume": 128180.0, "trend": 4.623, "fair_value": 2.842564, "relative_strength": 33.552473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.599309, "energy": 39.761461, "activity_lines": [ 5.87, 5.958545, 5.516905, 5.125011 ] }, { "date": "2024-01-19", "close": 5.65, "volume": 82000, "typical_volume": 125045.0, "trend": 4.687333, "fair_value": 2.873077, "relative_strength": 29.450973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.905948, "energy": 35.922668, "activity_lines": [ 5.787333, 5.911455, 5.567381, 5.191269 ] }, { "date": "2024-01-26", "close": 5.75, "volume": 104300, "typical_volume": 119715.0, "trend": 4.76, "fair_value": 2.904167, "relative_strength": 29.104151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.387246, "energy": 35.079636, "activity_lines": [ 5.780667, 5.873455, 5.619381, 5.259828 ] }, { "date": "2024-02-02", "close": 6.25, "volume": 116700, "typical_volume": 117270.0, "trend": 4.852333, "fair_value": 2.938269, "relative_strength": 38.923588, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.95691, "energy": 41.200957, "activity_lines": [ 5.934, 5.921273, 5.712571, 5.355957 ] }, { "date": "2024-02-09", "close": 6.41, "volume": 169300, "typical_volume": 117795.0, "trend": 4.948667, "fair_value": 2.973077, "relative_strength": 41.354879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.826388, "energy": 49.410315, "activity_lines": [ 6.093333, 5.997636, 5.812524, 5.456452 ] }, { "date": "2024-02-16", "close": 7.7, "volume": 261400, "typical_volume": 124790.0, "trend": 5.080333, "fair_value": 3.01609, "relative_strength": 65.160293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.074514, "energy": 81.638195, "activity_lines": [ 6.669333, 6.307091, 6.025762, 5.633957 ] }, { "date": "2024-02-23", "close": 7.26, "volume": 129500, "typical_volume": 127215.0, "trend": 5.198, "fair_value": 3.056731, "relative_strength": 52.522728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.289642, "energy": 90.074401, "activity_lines": [ 6.972, 6.513455, 6.180667, 5.774581 ] }, { "date": "2024-03-01", "close": 7.22, "volume": 191200, "typical_volume": 134855.0, "trend": 5.322, "fair_value": 3.097372, "relative_strength": 48.75512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.885514, "energy": 86.362158, "activity_lines": [ 7.154, 6.694909, 6.317905, 5.905032 ] }, { "date": "2024-03-08", "close": 7.11, "volume": 123500, "typical_volume": 136650.0, "trend": 5.444333, "fair_value": 3.137244, "relative_strength": 43.629967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.970386, "energy": 82.788928, "activity_lines": [ 7.201333, 6.827818, 6.430286, 6.020387 ] }, { "date": "2024-03-15", "close": 8.1, "volume": 252000, "typical_volume": 147810.0, "trend": 5.589333, "fair_value": 3.181987, "relative_strength": 60.287927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.179127, "energy": 72.303694, "activity_lines": [ 7.521333, 7.112182, 6.624381, 6.19172 ] }, { "date": "2024-03-22", "close": 9.16, "volume": 454000, "typical_volume": 168380.0, "trend": 5.767, "fair_value": 3.233141, "relative_strength": 76.55666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.658663, "energy": 74.12434, "activity_lines": [ 8.082, 7.554909, 6.901619, 6.422086 ] }, { "date": "2024-03-29", "close": 8.9, "volume": 352400, "typical_volume": 172760.0, "trend": 5.931333, "fair_value": 3.281346, "relative_strength": 66.902154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.551106, "energy": 74.75812, "activity_lines": [ 8.458667, 7.889273, 7.131619, 6.624215 ] }, { "date": "2024-04-05", "close": 8.33, "volume": 393000, "typical_volume": 177015.0, "trend": 6.062333, "fair_value": 3.32609, "relative_strength": 52.99434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.694906, "energy": 67.363602, "activity_lines": [ 8.536, 8.060909, 7.289476, 6.778968 ] }, { "date": "2024-04-12", "close": 9.31, "volume": 196700, "typical_volume": 176905.0, "trend": 6.223667, "fair_value": 3.377244, "relative_strength": 70.363403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.178934, "energy": 74.240129, "activity_lines": [ 8.866, 8.363818, 7.527048, 6.988495 ] }, { "date": "2024-04-19", "close": 8.5, "volume": 147900, "typical_volume": 178080.0, "trend": 6.360333, "fair_value": 3.423718, "relative_strength": 53.528232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.434534, "energy": 56.399624, "activity_lines": [ 8.779333, 8.463818, 7.672762, 7.135355 ] }, { "date": "2024-04-26", "close": 8.5, "volume": 101600, "typical_volume": 178650.0, "trend": 6.502, "fair_value": 3.469872, "relative_strength": 49.875531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.35961, "energy": 47.84886, "activity_lines": [ 8.666, 8.525818, 7.808143, 7.273398 ] }, { "date": "2024-05-03", "close": 8.95, "volume": 91800, "typical_volume": 178600.0, "trend": 6.655333, "fair_value": 3.517885, "relative_strength": 55.100063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.109336, "energy": 48.846044, "activity_lines": [ 8.746667, 8.655091, 7.976524, 7.431333 ] }, { "date": "2024-05-10", "close": 9.25, "volume": 206800, "typical_volume": 181600.0, "trend": 6.823667, "fair_value": 3.568141, "relative_strength": 54.944898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.816467, "energy": 45.603735, "activity_lines": [ 8.924, 8.808182, 8.16081, 7.598731 ] }, { "date": "2024-05-17", "close": 8.69, "volume": 145200, "typical_volume": 184405.0, "trend": 6.964333, "fair_value": 3.615256, "relative_strength": 42.377389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.579547, "energy": 41.129995, "activity_lines": [ 8.853333, 8.822545, 8.274619, 7.71914 ] }, { "date": "2024-05-24", "close": 8.68, "volume": 91900, "typical_volume": 185280.0, "trend": 7.108333, "fair_value": 3.662244, "relative_strength": 41.080616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.185881, "energy": 38.816986, "activity_lines": [ 8.820667, 8.806364, 8.372476, 7.829828 ] }, { "date": "2024-05-31", "close": 8.76, "volume": 56600, "typical_volume": 183390.0, "trend": 7.252333, "fair_value": 3.709231, "relative_strength": 40.766455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.318251, "energy": 35.262706, "activity_lines": [ 8.802667, 8.794182, 8.46619, 7.936387 ] }, { "date": "2024-06-07", "close": 8.9, "volume": 84700, "typical_volume": 183525.0, "trend": 7.377333, "fair_value": 3.755192, "relative_strength": 42.615335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.081636, "energy": 28.013989, "activity_lines": [ 8.814, 8.814727, 8.559143, 8.042688 ] }, { "date": "2024-06-14", "close": 8.54, "volume": 60000, "typical_volume": 181310.0, "trend": 7.479667, "fair_value": 3.799359, "relative_strength": 37.247269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.653822, "energy": 24.212476, "activity_lines": [ 8.708667, 8.769818, 8.602333, 8.117699 ] }, { "date": "2024-06-21", "close": 8.48, "volume": 172400, "typical_volume": 184095.0, "trend": 7.555, "fair_value": 3.843846, "relative_strength": 34.993131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.363886, "energy": 21.087583, "activity_lines": [ 8.630667, 8.710182, 8.626524, 8.182237 ] }, { "date": "2024-06-28", "close": 8.2, "volume": 84100, "typical_volume": 179835.0, "trend": 7.617333, "fair_value": 3.886603, "relative_strength": 26.964466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.842283, "energy": 15.413307, "activity_lines": [ 8.473333, 8.614727, 8.613429, 8.223849 ] }, { "date": "2024-07-05", "close": 8.39, "volume": 51200, "typical_volume": 169325.0, "trend": 7.682667, "fair_value": 3.930641, "relative_strength": 27.131015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.188329, "energy": 14.24761, "activity_lines": [ 8.411333, 8.559273, 8.609905, 8.273699 ] }, { "date": "2024-07-12", "close": 8.36, "volume": 118200, "typical_volume": 168760.0, "trend": 7.751667, "fair_value": 3.973974, "relative_strength": 21.717651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.945912, "energy": 13.894812, "activity_lines": [ 8.364, 8.500364, 8.600238, 8.317398 ] }, { "date": "2024-07-19", "close": 8.92, "volume": 72700, "typical_volume": 162835.0, "trend": 7.860667, "fair_value": 4.021026, "relative_strength": 28.061996, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.405112, "energy": 14.133901, "activity_lines": [ 8.539333, 8.554, 8.638667, 8.392774 ] }, { "date": "2024-07-26", "close": 8.68, "volume": 103000, "typical_volume": 161810.0, "trend": 7.965333, "fair_value": 4.066859, "relative_strength": 22.413309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.018944, "energy": 18.713536, "activity_lines": [ 8.609333, 8.57, 8.646143, 8.445634 ] }, { "date": "2024-08-02", "close": 12.13, "volume": 559100, "typical_volume": 177165.0, "trend": 8.162667, "fair_value": 4.134487, "relative_strength": 71.629, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 87.497302, "energy": 79.247025, "activity_lines": [ 9.816, 9.213455, 8.974714, 8.714323 ] }, { "date": "2024-08-09", "close": 14.43, "volume": 393600, "typical_volume": 174145.0, "trend": 8.450333, "fair_value": 4.214038, "relative_strength": 97.688588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.901901, "energy": 97.67049, "activity_lines": [ 11.527333, 10.212364, 9.503143, 9.118667 ] }, { "date": "2024-08-16", "close": 14.61, "volume": 227200, "typical_volume": 167885.0, "trend": 8.749, "fair_value": 4.2925, "relative_strength": 88.769279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.519186, "energy": 97.875843, "activity_lines": [ 12.896, 11.140909, 10.023619, 9.516065 ] }, { "date": "2024-08-23", "close": 15.99, "volume": 352300, "typical_volume": 165850.0, "trend": 9.090333, "fair_value": 4.380705, "relative_strength": 98.921229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.722833, "energy": 98.095, "activity_lines": [ 14.308, 12.216545, 10.648333, 9.983226 ] }, { "date": "2024-08-30", "close": 18.99, "volume": 545300, "typical_volume": 183280.0, "trend": 9.515, "fair_value": 4.489038, "relative_strength": 127.764954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.570168, "energy": 99.088004, "activity_lines": [ 16.248667, 13.702182, 11.522286, 10.621914 ] }, { "date": "2024-09-06", "close": 17.950001, "volume": 226600, "typical_volume": 187215.0, "trend": 9.899667, "fair_value": 4.588718, "relative_strength": 114.072603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.333965, "energy": 93.689155, "activity_lines": [ 17.155334, 14.807637, 12.251095, 11.166108 ] }, { "date": "2024-09-13", "close": 15.71, "volume": 857000, "typical_volume": 224985.0, "trend": 10.166667, "fair_value": 4.674231, "relative_strength": 76.941226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.11826, "energy": 67.980396, "activity_lines": [ 16.927334, 15.328546, 12.721572, 11.540968 ] }, { "date": "2024-09-20", "close": 14.61, "volume": 612100, "typical_volume": 251000.0, "trend": 10.411667, "fair_value": 4.752628, "relative_strength": 59.323183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.580258, "energy": 63.983691, "activity_lines": [ 16.247334, 15.516364, 13.052952, 11.827634 ] }, { "date": "2024-09-27", "close": 14.53, "volume": 454200, "typical_volume": 263370.0, "trend": 10.655333, "fair_value": 4.83109, "relative_strength": 54.844404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.665097, "energy": 45.550128, "activity_lines": [ 15.540667, 15.576, 13.349762, 12.093333 ] }, { "date": "2024-10-04", "close": 15.75, "volume": 308000, "typical_volume": 271510.0, "trend": 10.943333, "fair_value": 4.916538, "relative_strength": 63.007008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.002826, "energy": 34.784021, "activity_lines": [ 15.338, 15.755455, 13.737619, 12.422022 ] }, { "date": "2024-10-11", "close": 17.889999, "volume": 295700, "typical_volume": 281700.0, "trend": 11.269667, "fair_value": 5.015321, "relative_strength": 78.401036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.272711, "energy": 42.065798, "activity_lines": [ 16.064666, 16.195454, 14.295667, 12.870194 ] }, { "date": "2024-10-18", "close": 16.540001, "volume": 126500, "typical_volume": 285195.0, "trend": 11.515667, "fair_value": 5.104295, "relative_strength": 59.369802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.427236, "energy": 41.823096, "activity_lines": [ 16.345333, 16.285273, 14.681286, 13.210215 ] }, { "date": "2024-10-25", "close": 16.52, "volume": 131400, "typical_volume": 287530.0, "trend": 11.769667, "fair_value": 5.193974, "relative_strength": 58.289333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.146536, "energy": 43.206926, "activity_lines": [ 16.564, 16.333091, 15.027952, 13.533075 ] }, { "date": "2024-11-01", "close": 15.24, "volume": 182500, "typical_volume": 293655.0, "trend": 12.0, "fair_value": 5.274679, "relative_strength": 44.64354, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.532734, "energy": 40.183052, "activity_lines": [ 16.228667, 16.113455, 15.216429, 13.756968 ] }, { "date": "2024-11-08", "close": 13.88, "volume": 366200, "typical_volume": 303345.0, "trend": 12.152333, "fair_value": 5.35, "relative_strength": 27.369501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.857781, "energy": 22.64555, "activity_lines": [ 15.392667, 15.660182, 15.243476, 13.878258 ] }, { "date": "2024-11-15", "close": 13.67, "volume": 600800, "typical_volume": 329180.0, "trend": 12.324667, "fair_value": 5.423141, "relative_strength": 23.282799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.460959, "energy": 18.580399, "activity_lines": [ 14.611333, 15.261636, 15.22481, 13.976172 ] }, { "date": "2024-11-22", "close": 14.86, "volume": 199000, "typical_volume": 336570.0, "trend": 12.536667, "fair_value": 5.505897, "relative_strength": 29.563053, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.2257, "energy": 17.612861, "activity_lines": [ 14.508, 15.157273, 15.293429, 14.139742 ] }, { "date": "2024-11-29", "close": 15.35, "volume": 116200, "typical_volume": 336470.0, "trend": 12.75, "fair_value": 5.593333, "relative_strength": 31.155324, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.203762, "energy": 15.888594, "activity_lines": [ 14.68, 15.157455, 15.377905, 14.321247 ] }, { "date": "2024-12-06", "close": 16.0, "volume": 139900, "typical_volume": 339830.0, "trend": 12.975, "fair_value": 5.684423, "relative_strength": 34.735647, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.159583, "energy": 14.272823, "activity_lines": [ 15.146667, 15.262364, 15.491, 14.530925 ] }, { "date": "2024-12-13", "close": 14.24, "volume": 395100, "typical_volume": 354435.0, "trend": 13.16, "fair_value": 5.765577, "relative_strength": 20.60584, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.286641, "energy": 12.914493, "activity_lines": [ 14.976, 15.020545, 15.402762, 14.612538 ] }, { "date": "2024-12-20", "close": 14.69, "volume": 142000, "typical_volume": 333580.0, "trend": 13.360333, "fair_value": 5.847372, "relative_strength": 26.134293, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.473801, "energy": 15.412554, "activity_lines": [ 14.931333, 14.888, 15.330905, 14.711247 ] }, { "date": "2024-12-27", "close": 14.37, "volume": 42900, "typical_volume": 316045.0, "trend": 13.547333, "fair_value": 5.928141, "relative_strength": 20.859539, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.793981, "energy": 5.638582, "activity_lines": [ 14.712, 14.755455, 15.216381, 14.776387 ] }, { "date": "2025-01-03", "close": 14.42, "volume": 97900, "typical_volume": 309580.0, "trend": 13.731333, "fair_value": 6.009038, "relative_strength": 18.614805, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.559334, "energy": 11.439031, "activity_lines": [ 14.542, 14.671455, 15.106905, 14.832688 ] }, { "date": "2025-01-10", "close": 14.28, "volume": 131200, "typical_volume": 298525.0, "trend": 13.922667, "fair_value": 6.089231, "relative_strength": 17.514098, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.02446, "energy": 11.181943, "activity_lines": [ 14.387333, 14.600182, 14.985, 14.868086 ] }, { "date": "2025-01-17", "close": 14.01, "volume": 246300, "typical_volume": 283575.0, "trend": 14.107, "fair_value": 6.167372, "relative_strength": 12.637216, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -13.883914, "energy": 21.63753, "activity_lines": [ 14.257333, 14.497273, 14.845524, 14.87372 ] }, { "date": "2025-01-24", "close": 14.0, "volume": 131600, "typical_volume": 278825.0, "trend": 14.300333, "fair_value": 6.245962, "relative_strength": 9.607474, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.120521, "energy": 32.566045, "activity_lines": [ 14.139333, 14.390182, 14.72881, 14.866817 ] }, { "date": "2025-01-31", "close": 13.59, "volume": 355400, "typical_volume": 253745.0, "trend": 14.473667, "fair_value": 6.32141, "relative_strength": 5.177226, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.194223, "energy": 40.634897, "activity_lines": [ 13.930667, 14.202545, 14.591857, 14.820989 ] }, { "date": "2025-02-07", "close": 13.3, "volume": 134500, "typical_volume": 229865.0, "trend": 14.638333, "fair_value": 6.393526, "relative_strength": 2.450404, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.885319, "energy": 48.990479, "activity_lines": [ 13.677333, 13.985273, 14.437381, 14.745269 ] }, { "date": "2025-02-14", "close": 12.9, "volume": 197100, "typical_volume": 217010.0, "trend": 14.771, "fair_value": 6.461987, "relative_strength": -1.323351, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.00295, "energy": 68.176193, "activity_lines": [ 13.365333, 13.732545, 14.251048, 14.633118 ] }, { "date": "2025-02-21", "close": 12.5, "volume": 92600, "typical_volume": 206240.0, "trend": 14.898333, "fair_value": 6.529423, "relative_strength": -3.675396, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.837509, "energy": 75.918087, "activity_lines": [ 13.012, 13.463455, 14.034381, 14.486602 ] }, { "date": "2025-02-28", "close": 12.12, "volume": 191800, "typical_volume": 201045.0, "trend": 14.898, "fair_value": 6.594487, "relative_strength": -7.998126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.871418, "energy": 81.163672, "activity_lines": [ 12.632667, 13.156909, 13.797, 14.307355 ] }, { "date": "2025-03-07", "close": 11.29, "volume": 146700, "typical_volume": 202055.0, "trend": 14.793333, "fair_value": 6.654038, "relative_strength": -12.519652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.017567, "energy": 88.638991, "activity_lines": [ 12.102, 12.746182, 13.508048, 14.074581 ] }, { "date": "2025-03-14", "close": 11.35, "volume": 163100, "typical_volume": 203640.0, "trend": 14.684667, "fair_value": 6.711154, "relative_strength": -11.617507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.894518, "energy": 86.107017, "activity_lines": [ 11.744667, 12.402364, 13.24981, 13.85243 ] }, { "date": "2025-03-21", "close": 13.14, "volume": 207500, "typical_volume": 204890.0, "trend": 14.589667, "fair_value": 6.780064, "relative_strength": 0.216295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.505768, "energy": 52.828406, "activity_lines": [ 12.114, 12.439818, 13.186667, 13.752774 ] }, { "date": "2025-03-28", "close": 12.57, "volume": 127200, "typical_volume": 192940.0, "trend": 14.375667, "fair_value": 6.845385, "relative_strength": -3.695082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.169639, "energy": 44.483903, "activity_lines": [ 12.277333, 12.394364, 13.079238, 13.622473 ] }, { "date": "2025-04-04", "close": 12.22, "volume": 165900, "typical_volume": 171195.0, "trend": 14.184667, "fair_value": 6.908462, "relative_strength": -0.610222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.02334, "energy": 32.879107, "activity_lines": [ 12.319333, 12.311455, 12.944714, 13.483398 ] }, { "date": "2025-04-11", "close": 11.04, "volume": 239400, "typical_volume": 173215.0, "trend": 14.029, "fair_value": 6.963462, "relative_strength": -11.845866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.134815, "energy": 40.113163, "activity_lines": [ 11.961333, 12.046364, 12.704714, 13.280516 ] }, { "date": "2025-04-18", "close": 11.91, "volume": 63300, "typical_volume": 170570.0, "trend": 13.939, "fair_value": 7.024167, "relative_strength": -7.620208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.562966, "energy": 37.080065, "activity_lines": [ 11.91, 11.985818, 12.565762, 13.143806 ] }, { "date": "2025-04-25", "close": 12.4, "volume": 111600, "typical_volume": 169155.0, "trend": 13.868, "fair_value": 7.089295, "relative_strength": -6.223416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.799141, "energy": 34.458468, "activity_lines": [ 11.984667, 12.039636, 12.489857, 13.044516 ] }, { "date": "2025-05-02", "close": 14.56, "volume": 104500, "typical_volume": 154625.0, "trend": 13.828333, "fair_value": 7.168077, "relative_strength": 8.024795, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.815636, "energy": 7.369135, "activity_lines": [ 12.828667, 12.495273, 12.63681, 13.089161 ] }, { "date": "2025-05-09", "close": 13.91, "volume": 119100, "typical_volume": 153480.0, "trend": 13.695667, "fair_value": 7.241218, "relative_strength": 1.389743, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.742203, "energy": 13.648314, "activity_lines": [ 13.323333, 12.795273, 12.720333, 13.09443 ] }, { "date": "2025-05-16", "close": 12.48, "volume": 239200, "typical_volume": 163295.0, "trend": 13.560333, "fair_value": 7.306346, "relative_strength": -11.479566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.370047, "energy": 17.697141, "activity_lines": [ 13.228667, 12.802727, 12.671381, 13.016 ] }, { "date": "2025-05-23", "close": 12.42, "volume": 95300, "typical_volume": 163165.0, "trend": 13.423667, "fair_value": 7.370705, "relative_strength": -11.876519, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.866638, "energy": 15.975472, "activity_lines": [ 13.018, 12.777636, 12.625714, 12.94243 ] }, { "date": "2025-05-30", "close": 12.5, "volume": 93600, "typical_volume": 161285.0, "trend": 13.332333, "fair_value": 7.435641, "relative_strength": -12.568714, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.501776, "energy": 8.897306, "activity_lines": [ 12.8, 12.747636, 12.59719, 12.882839 ] }, { "date": "2025-06-06", "close": 13.25, "volume": 106400, "typical_volume": 154290.0, "trend": 13.311333, "fair_value": 7.505385, "relative_strength": -8.52568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.999632, "energy": 12.437322, "activity_lines": [ 12.825333, 12.865636, 12.648571, 12.877527 ] }, { "date": "2025-06-13", "close": 13.09, "volume": 104000, "typical_volume": 152910.0, "trend": 13.292, "fair_value": 7.574167, "relative_strength": -10.199672, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.588078, "energy": 11.663397, "activity_lines": [ 12.884667, 12.942182, 12.688333, 12.863247 ] }, { "date": "2025-06-20", "close": 12.76, "volume": 46700, "typical_volume": 137475.0, "trend": 13.222, "fair_value": 7.641218, "relative_strength": -12.710099, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.203725, "energy": 10.866648, "activity_lines": [ 12.888667, 12.942909, 12.701, 12.828925 ] }, { "date": "2025-06-27", "close": 12.77, "volume": 84500, "typical_volume": 134975.0, "trend": 13.136, "fair_value": 7.708974, "relative_strength": -13.590879, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.086859, "energy": 11.661386, "activity_lines": [ 12.877333, 12.914182, 12.718571, 12.799763 ] }, { "date": "2025-07-04", "close": 13.57, "volume": 94400, "typical_volume": 129840.0, "trend": 13.055, "fair_value": 7.781859, "relative_strength": -9.775009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.221549, "energy": 16.22202, "activity_lines": [ 13.109333, 13.015273, 12.814857, 12.827763 ] }, { "date": "2025-07-11", "close": 12.92, "volume": 71500, "typical_volume": 128785.0, "trend": 13.011, "fair_value": 7.850577, "relative_strength": -14.333169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.062326, "energy": 11.651651, "activity_lines": [ 13.053333, 12.976909, 12.846048, 12.819054 ] }, { "date": "2025-07-18", "close": 12.33, "volume": 99800, "typical_volume": 124185.0, "trend": 12.932333, "fair_value": 7.915513, "relative_strength": -19.277464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.081565, "energy": 10.453853, "activity_lines": [ 12.822667, 12.861091, 12.819048, 12.775118 ] }, { "date": "2025-07-25", "close": 12.46, "volume": 80800, "typical_volume": 120890.0, "trend": 12.868667, "fair_value": 7.981346, "relative_strength": -19.163781, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.435605, "energy": 15.581451, "activity_lines": [ 12.686, 12.797636, 12.803429, 12.744645 ] }, { "date": "2025-08-01", "close": 12.17, "volume": 72000, "typical_volume": 116335.0, "trend": 12.793667, "fair_value": 8.044936, "relative_strength": -19.396608, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.74635, "energy": 31.888039, "activity_lines": [ 12.472667, 12.681818, 12.754619, 12.69957 ] }, { "date": "2025-08-08", "close": 15.4, "volume": 159900, "typical_volume": 113955.0, "trend": 12.831, "fair_value": 8.128846, "relative_strength": -0.401448, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.319623, "energy": 45.03221, "activity_lines": [ 13.376, 13.157818, 13.009524, 12.86772 ] }, { "date": "2025-08-15", "close": 14.22, "volume": 124300, "typical_volume": 113810.0, "trend": 12.838, "fair_value": 8.204295, "relative_strength": -8.12307, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.587508, "energy": 59.336763, "activity_lines": [ 13.764, 13.366545, 13.141286, 12.957333 ] }, { "date": "2025-08-22", "close": 15.1, "volume": 142100, "typical_volume": 112620.0, "trend": 12.874667, "fair_value": 8.285064, "relative_strength": -3.394765, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.330204, "energy": 74.269253, "activity_lines": [ 14.358667, 13.717636, 13.349, 13.103269 ] }, { "date": "2025-08-29", "close": 15.93, "volume": 127500, "typical_volume": 107025.0, "trend": 12.952667, "fair_value": 8.369744, "relative_strength": 1.998955, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.982573, "energy": 84.194024, "activity_lines": [ 15.045333, 14.183091, 13.622048, 13.300387 ] }, { "date": "2025-09-05", "close": 16.02, "volume": 98700, "typical_volume": 108795.0, "trend": 13.043333, "fair_value": 8.454231, "relative_strength": 1.704753, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.60845, "energy": 85.320938, "activity_lines": [ 15.530667, 14.607273, 13.880381, 13.49828 ] }, { "date": "2025-09-12", "close": 16.4, "volume": 120500, "typical_volume": 109240.0, "trend": 13.16, "fair_value": 8.539808, "relative_strength": 3.679811, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.041398, "energy": 87.655341, "activity_lines": [ 15.886, 15.041455, 14.155333, 13.714839 ] }, { "date": "2025-09-19", "close": 16.35, "volume": 104700, "typical_volume": 109250.0, "trend": 13.288333, "fair_value": 8.624103, "relative_strength": 1.90924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.514142, "energy": 85.12891, "activity_lines": [ 16.158, 15.415091, 14.406476, 13.920645 ] }, { "date": "2025-09-26", "close": 16.01, "volume": 183800, "typical_volume": 112485.0, "trend": 13.418, "fair_value": 8.705962, "relative_strength": 0.058615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.527043, "energy": 66.070267, "activity_lines": [ 16.174667, 15.664545, 14.616714, 14.096237 ] }, { "date": "2025-10-03", "close": 15.67, "volume": 83500, "typical_volume": 104700.0, "trend": 13.564, "fair_value": 8.785897, "relative_strength": -3.876427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.194239, "energy": 51.891926, "activity_lines": [ 16.017333, 15.785273, 14.784571, 14.241527 ] }, { "date": "2025-10-10", "close": 14.25, "volume": 160200, "typical_volume": 107945.0, "trend": 13.660667, "fair_value": 8.858141, "relative_strength": -9.947947, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.079156, "energy": 31.643853, "activity_lines": [ 15.404, 15.589455, 14.802, 14.285785 ] }, { "date": "2025-10-17", "close": 14.7, "volume": 108300, "typical_volume": 108680.0, "trend": 13.712667, "fair_value": 8.932051, "relative_strength": -7.300068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.652282, "energy": 20.906267, "activity_lines": [ 15.058667, 15.437636, 14.853571, 14.352839 ] }, { "date": "2025-10-24", "close": 14.49, "volume": 94000, "typical_volume": 108060.0, "trend": 13.776667, "fair_value": 9.004038, "relative_strength": -8.700964, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.479123, "energy": 22.630507, "activity_lines": [ 14.756667, 15.260364, 14.874667, 14.402989 ] }, { "date": "2025-10-31", "close": 14.8, "volume": 99500, "typical_volume": 107835.0, "trend": 13.862667, "fair_value": 9.078013, "relative_strength": -5.981501, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.281471, "energy": 21.872088, "activity_lines": [ 14.682, 15.134545, 14.919381, 14.469011 ] }, { "date": "2025-11-07", "close": 13.48, "volume": 258800, "typical_volume": 118440.0, "trend": 13.944, "fair_value": 9.142821, "relative_strength": -13.015707, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.130441, "energy": 16.071847, "activity_lines": [ 14.248, 14.774182, 14.830238, 14.444323 ] }, { "date": "2025-11-14", "close": 13.15, "volume": 205500, "typical_volume": 124490.0, "trend": 13.985333, "fair_value": 9.205449, "relative_strength": -15.943735, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.231353, "energy": 29.580084, "activity_lines": [ 13.85, 14.398364, 14.706238, 14.393097 ] }, { "date": "2025-11-21", "close": 14.1, "volume": 173800, "typical_volume": 128460.0, "trend": 14.042, "fair_value": 9.273846, "relative_strength": -8.980387, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.199078, "energy": 24.995373, "activity_lines": [ 13.842, 14.247455, 14.670905, 14.400495 ] }, { "date": "2025-11-28", "close": 15.23, "volume": 134900, "typical_volume": 131630.0, "trend": 14.064333, "fair_value": 9.348846, "relative_strength": -5.112298, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.598819, "energy": 17.913769, "activity_lines": [ 14.250667, 14.343818, 14.740667, 14.47714 ] }, { "date": "2025-12-05", "close": 14.6, "volume": 112900, "typical_volume": 132285.0, "trend": 14.087333, "fair_value": 9.417051, "relative_strength": -8.290361, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.113499, "energy": 12.091233, "activity_lines": [ 14.4, 14.346, 14.739429, 14.511699 ] }, { "date": "2025-12-12", "close": 13.99, "volume": 139900, "typical_volume": 135240.0, "trend": 14.137667, "fair_value": 9.4825, "relative_strength": -12.327273, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.204648, "energy": 11.469345, "activity_lines": [ 14.359333, 14.262909, 14.669286, 14.505419 ] }, { "date": "2025-12-19", "close": 14.69, "volume": 150700, "typical_volume": 139175.0, "trend": 14.213333, "fair_value": 9.552308, "relative_strength": -8.132897, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.726005, "energy": 17.503425, "activity_lines": [ 14.518, 14.337636, 14.658524, 14.541054 ] }, { "date": "2025-12-26", "close": 15.1, "volume": 109300, "typical_volume": 136645.0, "trend": 14.3, "fair_value": 9.624487, "relative_strength": -5.902087, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 38.915968, "energy": 19.547872, "activity_lines": [ 14.710667, 14.478909, 14.67481, 14.598258 ] }, { "date": "2026-01-02", "close": 14.9, "volume": 121200, "typical_volume": 136490.0, "trend": 14.355, "fair_value": 9.695321, "relative_strength": -6.422655, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.239667, "energy": 18.648492, "activity_lines": [ 14.77, 14.576545, 14.673476, 14.636968 ] }, { "date": "2026-01-09", "close": 15.46, "volume": 151700, "typical_volume": 136970.0, "trend": 14.434, "fair_value": 9.770641, "relative_strength": -4.701315, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.144322, "energy": 32.474855, "activity_lines": [ 15.038, 14.768545, 14.722238, 14.708258 ] }, { "date": "2026-01-16", "close": 15.4, "volume": 136300, "typical_volume": 137410.0, "trend": 14.522, "fair_value": 9.846603, "relative_strength": -5.96266, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.280021, "energy": 40.045929, "activity_lines": [ 15.228667, 14.937636, 14.763571, 14.770581 ] }, { "date": "2026-01-23", "close": 14.8, "volume": 149300, "typical_volume": 139940.0, "trend": 14.589667, "fair_value": 9.919551, "relative_strength": -9.549018, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.478563, "energy": 33.828516, "activity_lines": [ 15.125333, 14.962727, 14.750286, 14.788516 ] }, { "date": "2026-01-30", "close": 14.63, "volume": 134300, "typical_volume": 140630.0, "trend": 14.625, "fair_value": 9.991474, "relative_strength": -6.898515, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.386668, "energy": 21.077948, "activity_lines": [ 14.958, 14.926909, 14.726619, 14.791118 ] }, { "date": "2026-02-06", "close": 14.4, "volume": 108700, "typical_volume": 140830.0, "trend": 14.674333, "fair_value": 10.060449, "relative_strength": -9.627435, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.40384, "energy": 7.263396, "activity_lines": [ 14.745333, 14.839636, 14.689476, 14.776602 ] }, { "date": "2026-02-13", "close": 14.59, "volume": 129200, "typical_volume": 138100.0, "trend": 14.749667, "fair_value": 10.130256, "relative_strength": -9.873739, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.837375, "energy": 10.496984, "activity_lines": [ 14.629333, 14.802, 14.679714, 14.771161 ] }, { "date": "2026-02-20", "close": 15.21, "volume": 99300, "typical_volume": 138890.0, "trend": 14.841333, "fair_value": 10.203718, "relative_strength": -7.939239, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.147606, "energy": 5.796155, "activity_lines": [ 14.778, 14.877273, 14.735762, 14.80086 ] }, { "date": "2026-02-27", "close": 15.01, "volume": 102600, "typical_volume": 136010.0, "trend": 14.936, "fair_value": 10.275705, "relative_strength": -10.390346, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.461006, "energy": 9.845827, "activity_lines": [ 14.872667, 14.894, 14.774952, 14.811742 ] }, { "date": "2026-03-06", "close": 15.16, "volume": 100700, "typical_volume": 135630.0, "trend": 14.928, "fair_value": 10.348077, "relative_strength": -6.066324, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.188719, "energy": 11.100379, "activity_lines": [ 15.003333, 14.932182, 14.82481, 14.826194 ] }, { "date": "2026-03-13", "close": 16.9, "volume": 265100, "typical_volume": 144185.0, "trend": 15.017333, "fair_value": 10.433333, "relative_strength": 6.219427, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 48.24304, "energy": 52.856778, "activity_lines": [ 15.678667, 15.285636, 15.03819, 14.953419 ] }, { "date": "2026-03-20", "close": 16.57, "volume": 232700, "typical_volume": 150845.0, "trend": 15.066333, "fair_value": 10.518077, "relative_strength": 8.205299, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.42994, "energy": 58.401522, "activity_lines": [ 16.077333, 15.542727, 15.208667, 15.053591 ] }, { "date": "2026-03-27", "close": 17.32, "volume": 149000, "typical_volume": 145355.0, "trend": 15.112667, "fair_value": 10.607949, "relative_strength": 10.677453, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.277885, "energy": 79.57931, "activity_lines": [ 16.594, 15.916, 15.442143, 15.198989 ] }, { "date": "2026-04-03", "close": 18.799999, "volume": 275900, "typical_volume": 148875.0, "trend": 15.205333, "fair_value": 10.706859, "relative_strength": 15.784826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.108547, "energy": 90.103831, "activity_lines": [ 17.463333, 16.523454, 15.798286, 15.436882 ] }, { "date": "2026-04-10", "close": 18.65, "volume": 115200, "typical_volume": 145945.0, "trend": 15.280333, "fair_value": 10.804551, "relative_strength": 12.481161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.193775, "energy": 88.352239, "activity_lines": [ 18.03, 17.030909, 16.113238, 15.659118 ] }, { "date": "2026-04-17", "close": 18.25, "volume": 151200, "typical_volume": 146760.0, "trend": 15.343667, "fair_value": 10.899808, "relative_strength": 7.819476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.43852, "energy": 83.003402, "activity_lines": [ 18.230666, 17.392545, 16.368428, 15.85071 ] }, { "date": "2026-04-24", "close": 18.469999, "volume": 81200, "typical_volume": 145175.0, "trend": 15.425667, "fair_value": 10.99641, "relative_strength": 10.35741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.856595, "energy": 79.397327, "activity_lines": [ 18.414666, 17.724182, 16.63019, 16.052408 ] }, { "date": "2026-05-01", "close": 17.860001, "volume": 81100, "typical_volume": 142235.0, "trend": 15.498667, "fair_value": 11.089872, "relative_strength": 6.981239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.71528, "energy": 56.366394, "activity_lines": [ 18.268667, 17.874364, 16.815428, 16.209462 ] }, { "date": "2026-05-08", "close": 19.74, "volume": 201600, "typical_volume": 144780.0, "trend": 15.681667, "fair_value": 11.193974, "relative_strength": 17.454125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.190785, "energy": 59.813994, "activity_lines": [ 18.713333, 18.318182, 17.161286, 16.483097 ] }, { "date": "2026-05-15", "close": 17.4, "volume": 235500, "typical_volume": 151090.0, "trend": 15.771667, "fair_value": 11.282756, "relative_strength": 4.141753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.516347, "energy": 42.374543, "activity_lines": [ 18.315333, 18.250545, 17.260238, 16.593957 ] }, { "date": "2026-05-22", "close": 16.76, "volume": 87800, "typical_volume": 149420.0, "trend": 15.847333, "fair_value": 11.366795, "relative_strength": -1.56944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.669124, "energy": 27.782242, "activity_lines": [ 17.787333, 18.025818, 17.287286, 16.65772 ] }, { "date": "2026-05-29", "close": 16.690001, "volume": 117300, "typical_volume": 147700.0, "trend": 15.910333, "fair_value": 11.448718, "relative_strength": -2.829158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.229018, "energy": 18.570651, "activity_lines": [ 17.335334, 17.790909, 17.29881, 16.712086 ] }, { "date": "2026-06-05", "close": 16.84, "volume": 8200, "typical_volume": 141295.0, "trend": 16.022333, "fair_value": 11.532436, "relative_strength": -0.89645, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.664065, "energy": 23.788213, "activity_lines": [ 17.052, 17.581091, 17.318762, 16.772065 ] }, { "date": "2026-06-12", "close": 16.309999, "volume": 17400, "typical_volume": 134700.0, "trend": 16.127667, "fair_value": 11.612949, "relative_strength": -5.356469, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.137786, "energy": 21.319008, "activity_lines": [ 16.66, 17.283636, 17.281381, 16.790624 ] }, { "date": "2026-06-19", "close": 16.33, "volume": 9800, "typical_volume": 128475.0, "trend": 16.202, "fair_value": 11.693782, "relative_strength": -5.270613, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.763807, "energy": 18.225963, "activity_lines": [ 16.503333, 17.035091, 17.238714, 16.803677 ] }, { "date": "2026-06-26", "close": 16.41, "volume": 11500, "typical_volume": 123615.0, "trend": 16.241333, "fair_value": 11.77609, "relative_strength": -4.802249, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.371512, "energy": 17.115448, "activity_lines": [ 16.444667, 16.843273, 17.195571, 16.817097 ] }, { "date": "2026-07-03", "close": 17.17, "volume": 20200, "typical_volume": 118165.0, "trend": 16.327, "fair_value": 11.863846, "relative_strength": -1.092675, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.28081, "energy": 13.462769, "activity_lines": [ 16.662667, 16.823091, 17.215238, 16.877011 ] }, { "date": "2026-07-10", "close": 17.129999, "volume": 57300, "typical_volume": 116065.0, "trend": 16.431667, "fair_value": 11.95109, "relative_strength": -1.512474, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.260804, "energy": 11.153827, "activity_lines": [ 16.835333, 16.819273, 17.218809, 16.928817 ] }, { "date": "2026-07-17", "close": 16.4, "volume": 72500, "typical_volume": 114560.0, "trend": 16.488667, "fair_value": 12.032179, "relative_strength": -5.649106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.512661, "energy": 7.597098, "activity_lines": [ 16.745333, 16.696, 17.143714, 16.926774 ] }, { "date": "2026-07-24", "close": 16.25, "volume": 56400, "typical_volume": 112345.0, "trend": 16.527, "fair_value": 12.112436, "relative_strength": -6.812895, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.159632, "energy": 5.649328, "activity_lines": [ 16.599333, 16.606182, 17.047714, 16.911376 ] }, { "date": "2026-07-31", "close": 16.83, "volume": 97900, "typical_volume": 103985.0, "trend": 16.591333, "fair_value": 12.197885, "relative_strength": -3.198382, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.24126, "energy": 11.515593, "activity_lines": [ 16.652, 16.642727, 17.001762, 16.930925 ] }, { "date": "2026-08-07", "close": 17.549999, "volume": 101300, "typical_volume": 97415.0, "trend": 16.661, "fair_value": 12.288333, "relative_strength": -1.985609, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.689324, "energy": 15.093478, "activity_lines": [ 16.916666, 16.808909, 17.024714, 16.992774 ] } ], "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." } } }