{ "ticker": { "uuid": "adf7dbe6-ac81-4d49-a2e7-2f5a8642e8d9", "symbol": "VK", "name": "Vallourec S.A.", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 73.32, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -42.088, "architecture_energy": 34.967, "architecture_maturity": 24.696, "architecture_confidence": 60.401, "architecture_tenure": "New", "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": 26.75, "rotation_up": 17.96, "upward_expansion": 17.15, "deceleration": 62.85, "rotation_down": 62.14, "downward_expansion": 44.48 }, "activity_lines": [ 20.352001, 20.826728, 22.095476, 21.996398 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 18.540001, "trend_reference": 21.356333, "distance_from_trend": -0.131873, "trend_direction": "Improving", "fair_value": 15.620298, "distance_from_fair_value": 0.186917, "fair_value_direction": "Weakening", "relative_strength": -8.956039, "relative_strength_direction": "Weakening", "price_momentum": 0.00108, "excess_performance": -0.052231, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.131873, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.094794, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.186917, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.43026, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.08956, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.426569, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.00108, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.550974, "read": "Supply-led" } ], "volume": { "latest": 5029929, "relative_activity": 1.490913, "balance": 0.550974, "dry_up": 1.347702, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.09966, "annualized_volatility": 0.44047, "from_high_reference": -0.32996, "from_low_reference": 0.256523 }, "levels": { "trend_reference": 21.356333, "fair_value_reference": 15.620298, "structural_low": 17.85, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.015199, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.00568, "regime_survival": 0.384615, "best_return": 0.218654, "worst_return": -0.165527, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.047947, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.015864, "regime_survival": 0.0, "best_return": 0.24709, "worst_return": -0.196402, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.09526, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.083245, "regime_survival": 0.0, "best_return": 0.448523, "worst_return": -0.026687, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.169473, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.163457, "regime_survival": 0.0, "best_return": 0.266786, "worst_return": 0.043877, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-08-09", "tenure": "New", "return": -0.028179, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-10-25", "tenure": "Developing", "return": 0.05597, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-08", "tenure": "New", "return": 0.048675, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": 0.043438, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-03-07", "tenure": "Established", "return": 0.01747, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.165527, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.048719, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-11", "tenure": "Developing", "return": 0.099474, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": -0.033987, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2026-01-16", "tenure": "Established", "return": 0.075543, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-06-12", "tenure": "Established", "return": 0.368363, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": -0.077847, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-07-31", "tenure": "New", "return": -0.047038, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.162754, "volume": 3105388, "typical_volume": 4703243.15, "trend": 10.598832, "fair_value": 8.904962, "relative_strength": 3.880513, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.260086, "energy": 42.113111, "activity_lines": [ 10.874311, 10.602153, 10.162073, 10.228237 ] }, { "date": "2023-08-25", "close": 10.980579, "volume": 2218315, "typical_volume": 4613556.55, "trend": 10.556932, "fair_value": 8.923242, "relative_strength": 1.173474, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.529674, "energy": 35.580534, "activity_lines": [ 10.924409, 10.727439, 10.258313, 10.252866 ] }, { "date": "2023-09-01", "close": 11.436016, "volume": 3186320, "typical_volume": 4609845.6, "trend": 10.532035, "fair_value": 8.95425, "relative_strength": 4.361927, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.718418, "energy": 51.271949, "activity_lines": [ 11.119639, 10.906053, 10.394653, 10.309581 ] }, { "date": "2023-09-08", "close": 11.577201, "volume": 3584840, "typical_volume": 4445225.6, "trend": 10.486339, "fair_value": 8.99024, "relative_strength": 6.375617, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.641597, "energy": 58.859202, "activity_lines": [ 11.31153, 11.069845, 10.542033, 10.377011 ] }, { "date": "2023-09-15", "close": 11.258395, "volume": 6272657, "typical_volume": 4468362.85, "trend": 10.432749, "fair_value": 9.021955, "relative_strength": 1.365179, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.475539, "energy": 48.882803, "activity_lines": [ 11.335516, 11.144453, 10.649182, 10.426821 ] }, { "date": "2023-09-22", "close": 10.629892, "volume": 3351798, "typical_volume": 4371033.45, "trend": 10.370051, "fair_value": 9.059494, "relative_strength": -1.663003, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.392716, "energy": 38.061148, "activity_lines": [ 11.117817, 11.078042, 10.68769, 10.43954 ] }, { "date": "2023-09-29", "close": 10.529697, "volume": 4379150, "typical_volume": 4309214.95, "trend": 10.281393, "fair_value": 9.094539, "relative_strength": -1.797463, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 40.215873, "energy": 23.454645, "activity_lines": [ 10.902244, 10.991923, 10.709074, 10.44984 ] }, { "date": "2023-10-06", "close": 9.473083, "volume": 5610664, "typical_volume": 4200605.7, "trend": 10.183018, "fair_value": 9.121747, "relative_strength": -10.370147, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 3.188276, "energy": 15.069792, "activity_lines": [ 10.364525, 10.720069, 10.624189, 10.39769 ] }, { "date": "2023-10-13", "close": 10.311087, "volume": 4619177, "typical_volume": 4211660.95, "trend": 10.196226, "fair_value": 9.158984, "relative_strength": -1.626617, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.447329, "energy": 24.59965, "activity_lines": [ 10.237002, 10.622523, 10.620936, 10.405953 ] }, { "date": "2023-10-20", "close": 9.869313, "volume": 2381136, "typical_volume": 4083600.75, "trend": 10.201691, "fair_value": 9.194284, "relative_strength": -3.091117, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.270659, "energy": 28.127561, "activity_lines": [ 10.04663, 10.450864, 10.570252, 10.384862 ] }, { "date": "2023-10-27", "close": 10.174456, "volume": 2764107, "typical_volume": 4010848.8, "trend": 10.188028, "fair_value": 9.235396, "relative_strength": 0.298441, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.527114, "energy": 25.784145, "activity_lines": [ 10.050577, 10.351165, 10.546808, 10.383105 ] }, { "date": "2023-11-03", "close": 10.921372, "volume": 3178322, "typical_volume": 3887464.7, "trend": 10.208978, "fair_value": 9.280464, "relative_strength": 3.937006, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.869538, "energy": 14.092173, "activity_lines": [ 10.333859, 10.405238, 10.590964, 10.430417 ] }, { "date": "2023-11-10", "close": 11.149091, "volume": 3575761, "typical_volume": 3872249.3, "trend": 10.216265, "fair_value": 9.318234, "relative_strength": 6.149269, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.487894, "energy": 21.429563, "activity_lines": [ 10.666935, 10.501791, 10.649368, 10.49107 ] }, { "date": "2023-11-17", "close": 12.114616, "volume": 7014426, "typical_volume": 3963313.8, "trend": 10.303253, "fair_value": 9.353542, "relative_strength": 12.187381, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.3257, "energy": 49.539595, "activity_lines": [ 11.210119, 10.77911, 10.790488, 10.613544 ] }, { "date": "2023-11-24", "close": 11.800365, "volume": 4228017, "typical_volume": 3994092.15, "trend": 10.382803, "fair_value": 9.367077, "relative_strength": 8.129427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.815112, "energy": 64.121441, "activity_lines": [ 11.528317, 10.989522, 10.890945, 10.710132 ] }, { "date": "2023-12-01", "close": 12.743119, "volume": 4806759, "typical_volume": 4013582.4, "trend": 10.506317, "fair_value": 9.392219, "relative_strength": 15.599984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.722631, "energy": 81.512251, "activity_lines": [ 12.03203, 11.36149, 11.071601, 10.86241 ] }, { "date": "2023-12-08", "close": 11.987094, "volume": 3975402, "typical_volume": 4037711.95, "trend": 10.594369, "fair_value": 9.412355, "relative_strength": 5.905586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.874788, "energy": 74.005002, "activity_lines": [ 12.112491, 11.557576, 11.169802, 10.957944 ] }, { "date": "2023-12-15", "close": 12.069073, "volume": 7638889, "typical_volume": 4178599.8, "trend": 10.668149, "fair_value": 9.430525, "relative_strength": 5.608125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.594492, "energy": 66.201001, "activity_lines": [ 12.14923, 11.742069, 11.27054, 11.053086 ] }, { "date": "2023-12-22", "close": 13.030045, "volume": 4566028, "typical_volume": 4152178.85, "trend": 10.796279, "fair_value": 9.457981, "relative_strength": 14.50071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.606614, "energy": 70.218062, "activity_lines": [ 12.44496, 12.054085, 11.456185, 11.205467 ] }, { "date": "2023-12-29", "close": 12.775, "volume": 1580452, "typical_volume": 4101880.4, "trend": 10.905887, "fair_value": 9.485949, "relative_strength": 12.688421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.542957, "energy": 53.311703, "activity_lines": [ 12.594647, 12.270293, 11.606219, 11.333126 ] }, { "date": "2024-01-05", "close": 13.26687, "volume": 2777174, "typical_volume": 4085469.7, "trend": 11.033713, "fair_value": 9.509258, "relative_strength": 18.643228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.899816, "energy": 71.136319, "activity_lines": [ 12.843315, 12.523102, 11.793577, 11.485448 ] }, { "date": "2024-01-12", "close": 11.964322, "volume": 5147081, "typical_volume": 4231908.0, "trend": 11.12055, "fair_value": 9.530336, "relative_strength": 6.342213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.818053, "energy": 48.413056, "activity_lines": [ 12.622884, 12.482858, 11.846863, 11.545487 ] }, { "date": "2024-01-19", "close": 12.506291, "volume": 5410239, "typical_volume": 4343103.95, "trend": 11.230462, "fair_value": 9.559696, "relative_strength": 12.588879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.896821, "energy": 41.112902, "activity_lines": [ 12.584627, 12.522191, 11.947081, 11.63489 ] }, { "date": "2024-01-26", "close": 12.688467, "volume": 3920770, "typical_volume": 4359900.45, "trend": 11.324737, "fair_value": 9.591545, "relative_strength": 10.388815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.129912, "energy": 38.031517, "activity_lines": [ 12.577947, 12.56997, 12.059552, 11.728954 ] }, { "date": "2024-02-02", "close": 12.888859, "volume": 7526036, "typical_volume": 4422569.4, "trend": 11.428121, "fair_value": 9.620848, "relative_strength": 12.731322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.105844, "energy": 33.350717, "activity_lines": [ 12.660837, 12.643751, 12.185816, 11.829866 ] }, { "date": "2024-02-09", "close": 12.292236, "volume": 4118171, "typical_volume": 4460888.05, "trend": 11.486265, "fair_value": 9.640842, "relative_strength": 7.021381, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.578784, "energy": 26.328547, "activity_lines": [ 12.537261, 12.589264, 12.247495, 11.885615 ] }, { "date": "2024-02-16", "close": 12.419759, "volume": 3021087, "typical_volume": 4392984.9, "trend": 11.537578, "fair_value": 9.657158, "relative_strength": 6.659988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.086563, "energy": 24.333588, "activity_lines": [ 12.521169, 12.566161, 12.313404, 11.94584 ] }, { "date": "2024-02-23", "close": 12.387878, "volume": 4059720, "typical_volume": 4315437.7, "trend": 11.594508, "fair_value": 9.654862, "relative_strength": 3.983224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.655097, "energy": 20.790779, "activity_lines": [ 12.464088, 12.529395, 12.367275, 12.000698 ] }, { "date": "2024-03-01", "close": 12.542727, "volume": 4475496, "typical_volume": 4308253.65, "trend": 11.65751, "fair_value": 9.668871, "relative_strength": 6.006275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.571484, "energy": 17.909768, "activity_lines": [ 12.466517, 12.514986, 12.422014, 12.061874 ] }, { "date": "2024-03-08", "close": 13.330632, "volume": 5088034, "typical_volume": 4443598.55, "trend": 11.742676, "fair_value": 9.688233, "relative_strength": 11.434819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.606226, "energy": 32.580954, "activity_lines": [ 12.741297, 12.652694, 12.541165, 12.169817 ] }, { "date": "2024-03-15", "close": 14.191408, "volume": 9116624, "typical_volume": 4761224.4, "trend": 11.843631, "fair_value": 9.718516, "relative_strength": 16.189577, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.015646, "energy": 54.402091, "activity_lines": [ 13.273551, 12.936804, 12.725812, 12.3278 ] }, { "date": "2024-03-22", "close": 15.462076, "volume": 5074500, "typical_volume": 4856033.3, "trend": 11.993015, "fair_value": 9.758538, "relative_strength": 25.954973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.595504, "energy": 79.988114, "activity_lines": [ 14.102749, 13.435134, 13.012347, 12.561248 ] }, { "date": "2024-03-29", "close": 15.667024, "volume": 3375742, "typical_volume": 4846032.35, "trend": 12.134048, "fair_value": 9.8007, "relative_strength": 26.039854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.143626, "energy": 87.503506, "activity_lines": [ 14.797443, 13.907133, 13.296778, 12.798281 ] }, { "date": "2024-04-05", "close": 16.245426, "volume": 2899567, "typical_volume": 4640289.4, "trend": 12.289656, "fair_value": 9.846569, "relative_strength": 32.013382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.097612, "energy": 92.095374, "activity_lines": [ 15.466327, 14.426827, 13.614781, 13.063531 ] }, { "date": "2024-04-12", "close": 16.231764, "volume": 3490605, "typical_volume": 4603418.8, "trend": 12.455435, "fair_value": 9.891706, "relative_strength": 31.782886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.866083, "energy": 90.793003, "activity_lines": [ 15.88381, 14.879365, 13.911813, 13.31786 ] }, { "date": "2024-04-19", "close": 15.771773, "volume": 3257466, "typical_volume": 4525954.15, "trend": 12.626831, "fair_value": 9.940709, "relative_strength": 26.735618, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.383818, "energy": 85.960106, "activity_lines": [ 15.954555, 15.187489, 14.143934, 13.531818 ] }, { "date": "2024-04-26", "close": 14.737932, "volume": 3966591, "typical_volume": 4525513.6, "trend": 12.767105, "fair_value": 9.980625, "relative_strength": 16.646397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.057284, "energy": 57.864348, "activity_lines": [ 15.575328, 15.244377, 14.263171, 13.668018 ] }, { "date": "2024-05-03", "close": 14.573975, "volume": 3046227, "typical_volume": 4295880.5, "trend": 12.937135, "fair_value": 10.012474, "relative_strength": 16.361064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.884152, "energy": 43.188409, "activity_lines": [ 15.189725, 15.229307, 14.353695, 13.78459 ] }, { "date": "2024-05-10", "close": 14.883672, "volume": 1752508, "typical_volume": 4155204.5, "trend": 13.089555, "fair_value": 10.046307, "relative_strength": 14.283274, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.46414, "energy": 31.390532, "activity_lines": [ 14.980224, 15.230797, 14.461785, 13.910173 ] }, { "date": "2024-05-17", "close": 15.188813, "volume": 4763458, "typical_volume": 4314354.8, "trend": 13.266871, "fair_value": 10.088227, "relative_strength": 16.593635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.00192, "energy": 24.093895, "activity_lines": [ 14.963221, 15.245205, 14.59011, 14.045609 ] }, { "date": "2024-05-24", "close": 15.134162, "volume": 2833886, "typical_volume": 4317190.4, "trend": 13.432195, "fair_value": 10.129029, "relative_strength": 16.35297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.934927, "energy": 24.898322, "activity_lines": [ 14.997531, 15.215892, 14.701735, 14.16608 ] }, { "date": "2024-05-31", "close": 14.870009, "volume": 2332934, "typical_volume": 4176483.05, "trend": 13.563816, "fair_value": 10.163391, "relative_strength": 15.017635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.520941, "energy": 25.175022, "activity_lines": [ 14.986297, 15.12141, 14.779311, 14.258842 ] }, { "date": "2024-06-07", "close": 14.619517, "volume": 2834086, "typical_volume": 4047675.4, "trend": 13.679497, "fair_value": 10.194805, "relative_strength": 12.260678, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.958661, "energy": 21.70185, "activity_lines": [ 14.88276, 14.992148, 14.819195, 14.326951 ] }, { "date": "2024-06-14", "close": 13.184893, "volume": 3370313, "typical_volume": 4020152.55, "trend": 13.715173, "fair_value": 10.223824, "relative_strength": 7.349104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.635166, "energy": 14.316993, "activity_lines": [ 14.29798, 14.621092, 14.712384, 14.295042 ] }, { "date": "2024-06-21", "close": 13.658546, "volume": 2774795, "typical_volume": 3782590.5, "trend": 13.777112, "fair_value": 10.263412, "relative_strength": 8.733979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.75997, "energy": 21.29262, "activity_lines": [ 13.984336, 14.3918, 14.648319, 14.291388 ] }, { "date": "2024-06-28", "close": 13.339742, "volume": 2869984, "typical_volume": 3720181.15, "trend": 13.797, "fair_value": 10.301073, "relative_strength": 7.746383, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.651438, "energy": 38.533246, "activity_lines": [ 13.666441, 14.151329, 14.550227, 14.263171 ] }, { "date": "2024-07-05", "close": 13.348849, "volume": 2476223, "typical_volume": 3692937.95, "trend": 13.842391, "fair_value": 10.342063, "relative_strength": 4.622495, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.178719, "energy": 50.22125, "activity_lines": [ 13.47121, 13.956733, 14.448014, 14.234258 ] }, { "date": "2024-07-12", "close": 13.385284, "volume": 2399593, "typical_volume": 3609931.6, "trend": 13.886265, "fair_value": 10.384541, "relative_strength": 3.883021, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.632163, "energy": 50.480003, "activity_lines": [ 13.389535, 13.794018, 14.344846, 14.204767 ] }, { "date": "2024-07-19", "close": 13.635776, "volume": 2017485, "typical_volume": 3487031.05, "trend": 13.906456, "fair_value": 10.426523, "relative_strength": 8.061981, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.964366, "energy": 34.544038, "activity_lines": [ 13.47364, 13.69846, 14.260786, 14.188606 ] }, { "date": "2024-07-26", "close": 13.480927, "volume": 3777079, "typical_volume": 3421483.3, "trend": 13.929987, "fair_value": 10.465176, "relative_strength": 6.627543, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.241548, "energy": 25.276744, "activity_lines": [ 13.476069, 13.597436, 14.156773, 14.161153 ] }, { "date": "2024-08-02", "close": 12.606488, "volume": 3020079, "typical_volume": 3116656.05, "trend": 13.907974, "fair_value": 10.501407, "relative_strength": 3.03457, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.42518, "energy": 33.750089, "activity_lines": [ 13.19886, 13.368475, 13.968764, 14.075766 ] }, { "date": "2024-08-09", "close": 12.251247, "volume": 2449990, "typical_volume": 2985430.55, "trend": 13.917538, "fair_value": 10.536236, "relative_strength": -0.362238, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.252992, "energy": 41.034194, "activity_lines": [ 12.85212, 13.120883, 13.75447, 13.96888 ] }, { "date": "2024-08-16", "close": 12.205704, "volume": 1481459, "typical_volume": 2890716.4, "trend": 13.907519, "fair_value": 10.57454, "relative_strength": -3.21933, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.543612, "energy": 69.483022, "activity_lines": [ 12.563373, 12.912624, 13.551129, 13.858439 ] }, { "date": "2024-08-23", "close": 12.132833, "volume": 1829351, "typical_volume": 2837205.6, "trend": 13.888998, "fair_value": 10.607062, "relative_strength": -5.502401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.118145, "energy": 75.42512, "activity_lines": [ 12.328975, 12.735004, 13.35733, 13.743944 ] }, { "date": "2024-08-30", "close": 13.194001, "volume": 2412483, "typical_volume": 2783299.5, "trend": 13.899169, "fair_value": 10.646767, "relative_strength": 1.849658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.083509, "energy": 58.707106, "activity_lines": [ 12.548495, 12.769451, 13.284178, 13.699105 ] }, { "date": "2024-09-06", "close": 12.3059, "volume": 2096032, "typical_volume": 2725227.8, "trend": 13.899625, "fair_value": 10.683874, "relative_strength": -1.489226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.430069, "energy": 47.547977, "activity_lines": [ 12.491111, 12.650872, 13.14091, 13.596314 ] }, { "date": "2024-09-13", "close": 12.37877, "volume": 1891923, "typical_volume": 2621494.4, "trend": 13.898258, "fair_value": 10.721885, "relative_strength": -2.551246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.485501, "energy": 42.163955, "activity_lines": [ 12.478055, 12.564339, 13.021087, 13.498194 ] }, { "date": "2024-09-20", "close": 12.519955, "volume": 2796030, "typical_volume": 2608984.55, "trend": 13.902661, "fair_value": 10.761385, "relative_strength": -2.109815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.009809, "energy": 35.077464, "activity_lines": [ 12.503559, 12.521114, 12.925944, 13.409271 ] }, { "date": "2024-09-27", "close": 12.374215, "volume": 3261535, "typical_volume": 2684435.9, "trend": 13.897044, "fair_value": 10.796623, "relative_strength": -6.987089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.425715, "energy": 38.980703, "activity_lines": [ 12.459534, 12.467124, 12.826702, 13.310662 ] }, { "date": "2024-10-04", "close": 13.071033, "volume": 2463318, "typical_volume": 2569428.9, "trend": 13.88839, "fair_value": 10.836387, "relative_strength": 1.067693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.154592, "energy": 26.259995, "activity_lines": [ 12.631689, 12.562766, 12.805774, 13.257371 ] }, { "date": "2024-10-11", "close": 12.574608, "volume": 1811159, "typical_volume": 2518292.55, "trend": 13.834497, "fair_value": 10.871916, "relative_strength": -3.442064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.376684, "energy": 23.290002, "activity_lines": [ 12.646566, 12.575601, 12.747652, 13.17261 ] }, { "date": "2024-10-18", "close": 12.752228, "volume": 1687144, "typical_volume": 2486003.05, "trend": 13.744169, "fair_value": 10.910979, "relative_strength": -2.777499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.624939, "energy": 19.288309, "activity_lines": [ 12.702737, 12.62131, 12.718634, 13.102787 ] }, { "date": "2024-10-25", "close": 12.888859, "volume": 1605657, "typical_volume": 2424581.6, "trend": 13.651563, "fair_value": 10.953311, "relative_strength": -0.468366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.318547, "energy": 16.975975, "activity_lines": [ 12.779554, 12.682753, 12.712713, 13.047605 ] }, { "date": "2024-11-01", "close": 13.754189, "volume": 2678218, "typical_volume": 2389976.85, "trend": 13.568522, "fair_value": 11.000636, "relative_strength": 7.115872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.466196, "energy": 10.230738, "activity_lines": [ 13.120221, 12.889107, 12.797446, 13.054226 ] }, { "date": "2024-11-08", "close": 14.42368, "volume": 3525193, "typical_volume": 2427496.75, "trend": 13.508253, "fair_value": 11.052106, "relative_strength": 12.928178, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.658158, "energy": 39.602136, "activity_lines": [ 13.592053, 13.187708, 12.943229, 13.109398 ] }, { "date": "2024-11-15", "close": 14.783475, "volume": 3477833, "typical_volume": 2457889.2, "trend": 13.475309, "fair_value": 11.10705, "relative_strength": 16.382852, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.078023, "energy": 57.495681, "activity_lines": [ 14.093641, 13.529368, 13.119635, 13.19167 ] }, { "date": "2024-11-22", "close": 15.11139, "volume": 3455154, "typical_volume": 2506835.75, "trend": 13.487758, "fair_value": 11.158696, "relative_strength": 18.597404, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.844779, "energy": 69.693262, "activity_lines": [ 14.557275, 13.885603, 13.320396, 13.297224 ] }, { "date": "2024-11-29", "close": 15.120499, "volume": 2516426, "typical_volume": 2512677.4, "trend": 13.505975, "fair_value": 11.209436, "relative_strength": 18.53425, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.850568, "energy": 72.41235, "activity_lines": [ 14.866669, 14.193809, 13.513631, 13.402562 ] }, { "date": "2024-12-06", "close": 15.425641, "volume": 2652611, "typical_volume": 2544433.7, "trend": 13.524041, "fair_value": 11.259067, "relative_strength": 17.184806, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.791177, "energy": 84.252127, "activity_lines": [ 15.129, 14.510213, 13.727665, 13.526411 ] }, { "date": "2024-12-13", "close": 15.120499, "volume": 2373378, "typical_volume": 2474248.65, "trend": 13.521764, "fair_value": 11.304786, "relative_strength": 14.573187, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.649909, "energy": 76.400709, "activity_lines": [ 15.178187, 14.715657, 13.904114, 13.629409 ] }, { "date": "2024-12-20", "close": 14.815355, "volume": 3294744, "typical_volume": 2487981.9, "trend": 13.511137, "fair_value": 11.349308, "relative_strength": 13.958059, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.431562, "energy": 58.423321, "activity_lines": [ 15.079205, 14.828357, 14.043694, 13.712866 ] }, { "date": "2024-12-27", "close": 14.942879, "volume": 790513, "typical_volume": 2405008.05, "trend": 13.513566, "fair_value": 11.393713, "relative_strength": 13.263012, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.541318, "energy": 47.682625, "activity_lines": [ 15.020606, 14.923502, 14.184902, 13.805237 ] }, { "date": "2025-01-03", "close": 15.088618, "volume": 1097283, "typical_volume": 2385799.25, "trend": 13.529203, "fair_value": 11.436512, "relative_strength": 15.165633, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.700501, "energy": 43.939133, "activity_lines": [ 15.021821, 15.005315, 14.327171, 13.906853 ] }, { "date": "2025-01-10", "close": 16.222654, "volume": 4034858, "typical_volume": 2496074.6, "trend": 13.630461, "fair_value": 11.489442, "relative_strength": 20.593408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.774441, "energy": 53.875457, "activity_lines": [ 15.403173, 15.25332, 14.563716, 14.080624 ] }, { "date": "2025-01-17", "close": 17.033333, "volume": 2290256, "typical_volume": 2489963.25, "trend": 13.742954, "fair_value": 11.551481, "relative_strength": 21.381163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.205323, "energy": 74.868127, "activity_lines": [ 16.001617, 15.603841, 14.857993, 14.300164 ] }, { "date": "2025-01-24", "close": 17.037888, "volume": 2522832, "typical_volume": 2511303.25, "trend": 13.866226, "fair_value": 11.614453, "relative_strength": 17.472305, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.99259, "energy": 84.058165, "activity_lines": [ 16.474057, 15.907742, 15.134422, 14.51274 ] }, { "date": "2025-01-31", "close": 16.750961, "volume": 2346687, "typical_volume": 2534041.45, "trend": 13.97963, "fair_value": 11.675996, "relative_strength": 14.672989, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.819169, "energy": 82.215666, "activity_lines": [ 16.702685, 16.118484, 15.360991, 14.698852 ] }, { "date": "2025-02-07", "close": 17.12442, "volume": 2506679, "typical_volume": 2519573.9, "trend": 14.104267, "fair_value": 11.738823, "relative_strength": 16.235999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.815462, "energy": 84.380689, "activity_lines": [ 16.935262, 16.367319, 15.602307, 14.901742 ] }, { "date": "2025-02-14", "close": 17.174519, "volume": 3698113, "typical_volume": 2541402.8, "trend": 14.222226, "fair_value": 11.805182, "relative_strength": 13.057064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.011317, "energy": 78.192253, "activity_lines": [ 17.048818, 16.588827, 15.826469, 15.099823 ] }, { "date": "2025-02-21", "close": 17.106203, "volume": 2278828, "typical_volume": 2532178.3, "trend": 14.343068, "fair_value": 11.865206, "relative_strength": 12.308036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.374224, "energy": 60.317644, "activity_lines": [ 17.076144, 16.766116, 16.021266, 15.285886 ] }, { "date": "2025-02-28", "close": 17.04244, "volume": 3072167, "typical_volume": 2595228.7, "trend": 14.490933, "fair_value": 11.919713, "relative_strength": 11.88174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.915937, "energy": 54.802762, "activity_lines": [ 17.077358, 16.895708, 16.190775, 15.460039 ] }, { "date": "2025-03-07", "close": 15.384651, "volume": 5273978, "typical_volume": 2774570.4, "trend": 14.59538, "fair_value": 11.955272, "relative_strength": 0.643357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.957254, "energy": 32.426685, "activity_lines": [ 16.525672, 16.683391, 16.181124, 15.517698 ] }, { "date": "2025-03-14", "close": 15.985827, "volume": 4113825, "typical_volume": 2899978.8, "trend": 14.721384, "fair_value": 11.998305, "relative_strength": 5.508614, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.717312, "energy": 21.942638, "activity_lines": [ 16.265466, 16.572347, 16.216192, 15.607404 ] }, { "date": "2025-03-21", "close": 16.345623, "volume": 3267837, "typical_volume": 2929459.75, "trend": 14.86181, "fair_value": 12.03436, "relative_strength": 7.537998, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.696494, "energy": 21.518617, "activity_lines": [ 16.201097, 16.510408, 16.27078, 15.712194 ] }, { "date": "2025-03-28", "close": 16.086025, "volume": 2241159, "typical_volume": 2865258.05, "trend": 14.958211, "fair_value": 12.067409, "relative_strength": 7.39202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.082332, "energy": 21.620123, "activity_lines": [ 16.105456, 16.399033, 16.288303, 15.791175 ] }, { "date": "2025-04-04", "close": 13.676764, "volume": 3756704, "typical_volume": 2879201.6, "trend": 15.003907, "fair_value": 12.087582, "relative_strength": -0.508913, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.077261, "energy": 23.371637, "activity_lines": [ 15.27474, 15.866835, 16.068457, 15.708501 ] }, { "date": "2025-04-11", "close": 13.339742, "volume": 5524212, "typical_volume": 2982654.5, "trend": 15.035939, "fair_value": 12.103201, "relative_strength": -0.486044, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.277599, "energy": 39.554241, "activity_lines": [ 14.556061, 15.334471, 15.821784, 15.601136 ] }, { "date": "2025-04-18", "close": 14.396355, "volume": 2382647, "typical_volume": 2975965.55, "trend": 15.098486, "fair_value": 12.128571, "relative_strength": 4.716718, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.40644, "energy": 44.312178, "activity_lines": [ 14.325914, 15.056241, 15.684177, 15.559873 ] }, { "date": "2025-04-25", "close": 15.011193, "volume": 2178370, "typical_volume": 2952253.5, "trend": 15.186385, "fair_value": 12.158788, "relative_strength": 5.378761, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.163091, "energy": 45.374077, "activity_lines": [ 14.406678, 14.9394, 15.608575, 15.554241 ] }, { "date": "2025-05-02", "close": 15.020303, "volume": 2069300, "typical_volume": 2937049.6, "trend": 15.251361, "fair_value": 12.185151, "relative_strength": 2.158894, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.122252, "energy": 32.669757, "activity_lines": [ 14.57944, 14.86355, 15.535813, 15.543526 ] }, { "date": "2025-05-09", "close": 15.097728, "volume": 3185769, "typical_volume": 2931600.85, "trend": 15.335465, "fair_value": 12.211893, "relative_strength": 2.894779, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.434646, "energy": 12.648195, "activity_lines": [ 14.849059, 14.839701, 15.470903, 15.533614 ] }, { "date": "2025-05-16", "close": 15.370989, "volume": 3073245, "typical_volume": 3045737.45, "trend": 15.422757, "fair_value": 12.231045, "relative_strength": 2.765329, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.497544, "energy": 8.641316, "activity_lines": [ 15.115034, 14.900896, 15.430673, 15.535906 ] }, { "date": "2025-05-23", "close": 15.33, "volume": 3509759, "typical_volume": 3166361.25, "trend": 15.504128, "fair_value": 12.252269, "relative_strength": 4.39028, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.206579, "energy": 8.445485, "activity_lines": [ 15.231929, 14.954886, 15.3845, 15.529922 ] }, { "date": "2025-05-30", "close": 14.915, "volume": 5019179, "typical_volume": 3215577.3, "trend": 15.542822, "fair_value": 12.272673, "relative_strength": 1.269892, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.61398, "energy": 17.310625, "activity_lines": [ 15.148248, 14.945345, 15.297654, 15.491913 ] }, { "date": "2025-06-06", "close": 15.53, "volume": 3615999, "typical_volume": 3281864.45, "trend": 15.579699, "fair_value": 12.299091, "relative_strength": 4.557602, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.023562, "energy": 15.491908, "activity_lines": [ 15.27598, 15.073634, 15.275607, 15.491086 ] }, { "date": "2025-06-13", "close": 15.055, "volume": 3226055, "typical_volume": 3317025.6, "trend": 15.58875, "fair_value": 12.324421, "relative_strength": 2.735314, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.280733, "energy": 13.974462, "activity_lines": [ 15.211399, 15.125669, 15.21548, 15.457235 ] }, { "date": "2025-06-20", "close": 15.345, "volume": 3199245, "typical_volume": 3359653.5, "trend": 15.596537, "fair_value": 12.354821, "relative_strength": 5.778436, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.783891, "energy": 9.248473, "activity_lines": [ 15.246333, 15.205373, 15.192415, 15.441509 ] }, { "date": "2025-06-27", "close": 15.255, "volume": 2688434, "typical_volume": 3368741.25, "trend": 15.60102, "fair_value": 12.39206, "relative_strength": 3.556823, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.528122, "energy": 9.894119, "activity_lines": [ 15.253, 15.232253, 15.167473, 15.419474 ] }, { "date": "2025-07-04", "close": 16.315001, "volume": 4110714, "typical_volume": 3389371.3, "trend": 15.630666, "fair_value": 12.439889, "relative_strength": 10.263061, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.982566, "energy": 7.725021, "activity_lines": [ 15.618, 15.43625, 15.252386, 15.465537 ] }, { "date": "2025-07-11", "close": 16.9, "volume": 2351487, "typical_volume": 3393004.25, "trend": 15.689982, "fair_value": 12.498335, "relative_strength": 11.800114, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.36838, "energy": 46.124799, "activity_lines": [ 16.084667, 15.722904, 15.397105, 15.54743 ] }, { "date": "2025-07-18", "close": 16.33, "volume": 1845422, "typical_volume": 3331667.0, "trend": 15.740471, "fair_value": 12.552566, "relative_strength": 7.822475, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.282805, "energy": 47.095596, "activity_lines": [ 16.27, 15.871745, 15.488521, 15.588721 ] }, { "date": "2025-07-25", "close": 16.549999, "volume": 3047123, "typical_volume": 3220324.25, "trend": 15.794041, "fair_value": 12.60607, "relative_strength": 8.764103, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.745227, "energy": 51.61132, "activity_lines": [ 16.443666, 16.038182, 15.604282, 15.640949 ] }, { "date": "2025-08-01", "close": 15.945, "volume": 2407721, "typical_volume": 3135019.05, "trend": 15.822587, "fair_value": 12.655252, "relative_strength": 8.391188, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.190884, "energy": 42.140268, "activity_lines": [ 16.335333, 16.073182, 15.656875, 15.650688 ] }, { "date": "2025-08-08", "close": 16.135, "volume": 1642562, "typical_volume": 3053755.3, "trend": 15.819665, "fair_value": 12.703504, "relative_strength": 6.475807, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.07644, "energy": 22.088334, "activity_lines": [ 16.244333, 16.131545, 15.727757, 15.670844 ] }, { "date": "2025-08-15", "close": 15.775, "volume": 1746914, "typical_volume": 3029043.05, "trend": 15.777721, "fair_value": 12.749973, "relative_strength": 1.37819, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.911957, "energy": 11.294428, "activity_lines": [ 16.045333, 16.102273, 15.765357, 15.667962 ] }, { "date": "2025-08-22", "close": 15.885, "volume": 1723479, "typical_volume": 2927381.8, "trend": 15.739291, "fair_value": 12.793382, "relative_strength": 1.104799, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.243985, "energy": 8.230895, "activity_lines": [ 15.958, 16.088545, 15.814913, 15.674884 ] }, { "date": "2025-08-29", "close": 15.33, "volume": 2239242, "typical_volume": 2763133.3, "trend": 15.691926, "fair_value": 12.830809, "relative_strength": 0.68242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.806537, "energy": 11.367718, "activity_lines": [ 15.715333, 15.958818, 15.801098, 15.648478 ] }, { "date": "2025-09-05", "close": 14.91, "volume": 2269149, "typical_volume": 2757458.4, "trend": 15.618112, "fair_value": 12.865399, "relative_strength": -1.961041, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.225558, "energy": 22.483718, "activity_lines": [ 15.414, 15.753, 15.737804, 15.598031 ] }, { "date": "2025-09-12", "close": 15.79, "volume": 2766123, "typical_volume": 2786846.05, "trend": 15.571961, "fair_value": 12.911555, "relative_strength": 1.474815, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.204033, "energy": 13.312265, "activity_lines": [ 15.475, 15.713454, 15.755875, 15.60912 ] }, { "date": "2025-09-19", "close": 15.43, "volume": 2425925, "typical_volume": 2804677.3, "trend": 15.516088, "fair_value": 12.954248, "relative_strength": -1.478176, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.240126, "energy": 15.925749, "activity_lines": [ 15.439, 15.618, 15.735951, 15.599962 ] }, { "date": "2025-09-26", "close": 16.360001, "volume": 2092594, "typical_volume": 2750018.55, "trend": 15.49334, "fair_value": 13.00128, "relative_strength": 3.74243, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.87335, "energy": 16.906065, "activity_lines": [ 15.736, 15.718364, 15.802648, 15.654408 ] }, { "date": "2025-10-03", "close": 16.885, "volume": 2544690, "typical_volume": 2723590.8, "trend": 15.543352, "fair_value": 13.04777, "relative_strength": 3.922727, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.222995, "energy": 41.624914, "activity_lines": [ 16.176334, 15.913637, 15.913333, 15.744192 ] }, { "date": "2025-10-10", "close": 16.285, "volume": 3602588, "typical_volume": 2728232.25, "trend": 15.553324, "fair_value": 13.095395, "relative_strength": 1.91273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.500097, "energy": 44.95919, "activity_lines": [ 16.313, 15.993727, 15.959667, 15.79204 ] }, { "date": "2025-10-17", "close": 15.22, "volume": 3388851, "typical_volume": 2646715.85, "trend": 15.515803, "fair_value": 13.131884, "relative_strength": -7.901462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.190115, "energy": 18.79884, "activity_lines": [ 16.003, 15.874, 15.900024, 15.770536 ] }, { "date": "2025-10-24", "close": 15.65, "volume": 3199787, "typical_volume": 2625905.25, "trend": 15.501269, "fair_value": 13.16929, "relative_strength": -6.055558, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.715868, "energy": 13.67628, "activity_lines": [ 15.874333, 15.849091, 15.879881, 15.779193 ] }, { "date": "2025-10-31", "close": 16.145, "volume": 2142427, "typical_volume": 2571723.85, "trend": 15.583544, "fair_value": 13.20514, "relative_strength": -1.958906, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.843055, "energy": 15.071212, "activity_lines": [ 15.896, 15.916455, 15.90631, 15.820724 ] }, { "date": "2025-11-07", "close": 16.610001, "volume": 2649412, "typical_volume": 2544232.2, "trend": 15.692552, "fair_value": 13.244466, "relative_strength": 2.912072, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.672463, "energy": 21.24416, "activity_lines": [ 16.087, 16.063637, 15.971833, 15.886947 ] }, { "date": "2025-11-14", "close": 16.665001, "volume": 2533465, "typical_volume": 2536483.75, "trend": 15.768174, "fair_value": 13.284175, "relative_strength": 0.467777, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.135534, "energy": 36.73534, "activity_lines": [ 16.314667, 16.197546, 16.036572, 15.949686 ] }, { "date": "2025-11-21", "close": 15.655, "volume": 3131543, "typical_volume": 2487525.2, "trend": 15.789634, "fair_value": 13.323102, "relative_strength": -3.293548, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.333089, "energy": 26.658879, "activity_lines": [ 16.180334, 16.115909, 15.998405, 15.942385 ] }, { "date": "2025-11-28", "close": 15.705, "volume": 2747346, "typical_volume": 2507318.15, "trend": 15.812457, "fair_value": 13.358116, "relative_strength": -4.515892, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.511643, "energy": 13.112659, "activity_lines": [ 16.033667, 16.045818, 15.968143, 15.936924 ] }, { "date": "2025-12-05", "close": 15.805, "volume": 2159150, "typical_volume": 2523004.55, "trend": 15.836033, "fair_value": 13.398501, "relative_strength": -3.695262, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.500684, "energy": 10.596506, "activity_lines": [ 15.916667, 15.988909, 15.953095, 15.936443 ] }, { "date": "2025-12-12", "close": 15.455, "volume": 1965216, "typical_volume": 2468909.2, "trend": 15.838833, "fair_value": 13.432905, "relative_strength": -5.176723, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.020222, "energy": 19.710131, "activity_lines": [ 15.705667, 15.878455, 15.907214, 15.91186 ] }, { "date": "2025-12-19", "close": 15.485, "volume": 3065739, "typical_volume": 2501810.1, "trend": 15.844, "fair_value": 13.458656, "relative_strength": -5.834491, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.008014, "energy": 24.957636, "activity_lines": [ 15.581667, 15.799455, 15.869405, 15.889032 ] }, { "date": "2025-12-26", "close": 15.58, "volume": 638931, "typical_volume": 2451628.55, "trend": 15.866167, "fair_value": 13.486884, "relative_strength": -4.598852, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.909778, "energy": 30.049972, "activity_lines": [ 15.568, 15.752273, 15.842833, 15.872 ] }, { "date": "2026-01-02", "close": 16.0, "volume": 1150381, "typical_volume": 2421801.9, "trend": 15.881833, "fair_value": 13.519965, "relative_strength": -3.011779, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.982792, "energy": 28.614748, "activity_lines": [ 15.699333, 15.774909, 15.858905, 15.880635 ] }, { "date": "2026-01-09", "close": 16.905001, "volume": 4073244, "typical_volume": 2539290.15, "trend": 15.9435, "fair_value": 13.556686, "relative_strength": 0.584234, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.137614, "energy": 24.776374, "activity_lines": [ 16.112667, 15.955728, 15.960095, 15.946645 ] }, { "date": "2026-01-16", "close": 17.084999, "volume": 3019961, "typical_volume": 2578326.1, "trend": 16.0015, "fair_value": 13.589511, "relative_strength": 3.063537, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.799104, "energy": 56.604086, "activity_lines": [ 16.512667, 16.155455, 16.073572, 16.02029 ] }, { "date": "2026-01-23", "close": 17.985001, "volume": 4107688, "typical_volume": 2670253.05, "trend": 16.0925, "fair_value": 13.626354, "relative_strength": 9.974118, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.396331, "energy": 78.020789, "activity_lines": [ 17.104, 16.510182, 16.264405, 16.148258 ] }, { "date": "2026-01-30", "close": 17.860001, "volume": 3692767, "typical_volume": 2716585.25, "trend": 16.144, "fair_value": 13.662745, "relative_strength": 9.336771, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.49032, "energy": 81.159182, "activity_lines": [ 17.487001, 16.818182, 16.428691, 16.262291 ] }, { "date": "2026-02-06", "close": 18.52, "volume": 3622284, "typical_volume": 2776403.2, "trend": 16.198, "fair_value": 13.698463, "relative_strength": 11.262175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.431479, "energy": 86.777027, "activity_lines": [ 17.938, 17.206091, 16.645976, 16.415581 ] }, { "date": "2026-02-13", "close": 18.245001, "volume": 4226213, "typical_volume": 2883084.15, "trend": 16.261834, "fair_value": 13.732943, "relative_strength": 9.011125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.772068, "energy": 82.258614, "activity_lines": [ 18.129334, 17.492819, 16.822357, 16.547645 ] }, { "date": "2026-02-20", "close": 19.309999, "volume": 2880565, "typical_volume": 2899877.9, "trend": 16.353834, "fair_value": 13.776527, "relative_strength": 12.431367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.800553, "energy": 88.23966, "activity_lines": [ 18.586333, 17.928818, 17.091191, 16.744301 ] }, { "date": "2026-02-27", "close": 19.76, "volume": 5538391, "typical_volume": 2996668.05, "trend": 16.481, "fair_value": 13.818646, "relative_strength": 13.957152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.50798, "energy": 86.358171, "activity_lines": [ 19.045, 18.376546, 17.391334, 16.964054 ] }, { "date": "2026-03-06", "close": 19.200001, "volume": 4538865, "typical_volume": 3054168.75, "trend": 16.583167, "fair_value": 13.86208, "relative_strength": 18.291177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.437813, "energy": 67.355973, "activity_lines": [ 19.198667, 18.644728, 17.621595, 17.139473 ] }, { "date": "2026-03-13", "close": 18.695, "volume": 3441977, "typical_volume": 3066278.25, "trend": 16.6805, "fair_value": 13.918363, "relative_strength": 15.96473, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.899375, "energy": 56.319625, "activity_lines": [ 19.094667, 18.755273, 17.78481, 17.275721 ] }, { "date": "2026-03-20", "close": 20.049999, "volume": 4212152, "typical_volume": 3169764.5, "trend": 16.819334, "fair_value": 13.984675, "relative_strength": 27.656773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.951706, "energy": 58.86216, "activity_lines": [ 19.430666, 19.063182, 18.062572, 17.493108 ] }, { "date": "2026-03-27", "close": 21.209999, "volume": 5143634, "typical_volume": 3294475.6, "trend": 17.015333, "fair_value": 14.052788, "relative_strength": 33.501004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.833096, "energy": 60.613506, "activity_lines": [ 20.033, 19.524818, 18.432214, 17.776376 ] }, { "date": "2026-04-03", "close": 22.040001, "volume": 3641342, "typical_volume": 3349869.45, "trend": 17.253, "fair_value": 14.12809, "relative_strength": 33.085913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.582315, "energy": 65.594407, "activity_lines": [ 20.785333, 20.062364, 18.859, 18.100549 ] }, { "date": "2026-04-10", "close": 23.139999, "volume": 3240842, "typical_volume": 3355334.4, "trend": 17.498, "fair_value": 14.206356, "relative_strength": 33.55913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.73533, "energy": 87.991311, "activity_lines": [ 21.752333, 20.726182, 19.364952, 18.480355 ] }, { "date": "2026-04-17", "close": 23.25, "volume": 3261382, "typical_volume": 3381036.2, "trend": 17.758667, "fair_value": 14.294465, "relative_strength": 30.619056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.598178, "energy": 89.110886, "activity_lines": [ 22.493333, 21.314, 19.845738, 18.851452 ] }, { "date": "2026-04-24", "close": 25.17, "volume": 3571823, "typical_volume": 3451669.85, "trend": 18.052333, "fair_value": 14.395466, "relative_strength": 44.599848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.544895, "energy": 94.817268, "activity_lines": [ 23.570667, 22.164909, 20.473452, 19.329602 ] }, { "date": "2026-05-01", "close": 25.65, "volume": 2081051, "typical_volume": 3457461.6, "trend": 18.3445, "fair_value": 14.501955, "relative_strength": 46.516459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.93507, "energy": 93.974857, "activity_lines": [ 24.466667, 22.977182, 21.102286, 19.819774 ] }, { "date": "2026-05-08", "close": 23.6, "volume": 4514096, "typical_volume": 3529879.45, "trend": 18.588333, "fair_value": 14.59333, "relative_strength": 33.700858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.56578, "energy": 80.954962, "activity_lines": [ 24.383333, 23.301454, 21.487333, 20.158839 ] }, { "date": "2026-05-15", "close": 26.620001, "volume": 5593354, "typical_volume": 3777600.6, "trend": 18.968333, "fair_value": 14.700794, "relative_strength": 51.966388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.77767, "energy": 76.203248, "activity_lines": [ 25.202667, 24.105, 22.121357, 20.677011 ] }, { "date": "2026-05-22", "close": 24.040001, "volume": 7557830, "typical_volume": 4097973.05, "trend": 19.248, "fair_value": 14.796011, "relative_strength": 33.337211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.122136, "energy": 59.261838, "activity_lines": [ 24.930001, 24.304546, 22.457095, 21.004215 ] }, { "date": "2026-05-29", "close": 23.92, "volume": 3366708, "typical_volume": 4062646.25, "trend": 19.507167, "fair_value": 14.888532, "relative_strength": 30.447782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.191289, "energy": 50.731271, "activity_lines": [ 24.564667, 24.385091, 22.743119, 21.305635 ] }, { "date": "2026-06-05", "close": 24.33, "volume": 480492, "typical_volume": 3935672.8, "trend": 19.7645, "fair_value": 14.984031, "relative_strength": 31.028669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.052563, "energy": 44.637239, "activity_lines": [ 24.419334, 24.469818, 23.034786, 21.616785 ] }, { "date": "2026-06-12", "close": 24.610001, "volume": 486315, "typical_volume": 3754604.15, "trend": 20.029333, "fair_value": 15.081792, "relative_strength": 29.344059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.378989, "energy": 36.609081, "activity_lines": [ 24.455334, 24.548728, 23.318619, 21.929398 ] }, { "date": "2026-06-19", "close": 22.48, "volume": 1037132, "typical_volume": 3621822.4, "trend": 20.256833, "fair_value": 15.166863, "relative_strength": 16.526438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.248422, "energy": 26.10305, "activity_lines": [ 23.714, 24.193637, 23.368048, 22.087506 ] }, { "date": "2026-06-26", "close": 20.4, "volume": 1301361, "typical_volume": 3505776.25, "trend": 20.413333, "fair_value": 15.234426, "relative_strength": 5.802716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.979354, "energy": 15.837519, "activity_lines": [ 22.555334, 23.472364, 23.197381, 22.096742 ] }, { "date": "2026-07-03", "close": 20.559999, "volume": 422605, "typical_volume": 3315595.85, "trend": 20.571833, "fair_value": 15.303482, "relative_strength": 4.828371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.661625, "energy": 22.660108, "activity_lines": [ 21.692666, 22.832, 23.033, 22.106204 ] }, { "date": "2026-07-10", "close": 20.51, "volume": 3587419, "typical_volume": 3350938.55, "trend": 20.740333, "fair_value": 15.367341, "relative_strength": 6.426803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.629949, "energy": 31.435545, "activity_lines": [ 21.037333, 22.266364, 22.852833, 22.102215 ] }, { "date": "2026-07-17", "close": 20.73, "volume": 3320953, "typical_volume": 3240066.65, "trend": 20.915167, "fair_value": 15.43048, "relative_strength": 7.214972, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.457973, "energy": 38.933315, "activity_lines": [ 20.71, 21.834182, 22.687905, 22.101548 ] }, { "date": "2026-07-24", "close": 22.110001, "volume": 4623746, "typical_volume": 3244310.7, "trend": 21.132833, "fair_value": 15.503749, "relative_strength": 13.398149, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.785945, "energy": 36.655429, "activity_lines": [ 21.101334, 21.705091, 22.649786, 22.178635 ] }, { "date": "2026-07-31", "close": 21.07, "volume": 5212472, "typical_volume": 3332835.45, "trend": 21.301833, "fair_value": 15.570527, "relative_strength": 6.00208, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.878254, "energy": 23.407543, "activity_lines": [ 21.170667, 21.468909, 22.498762, 22.174581 ] }, { "date": "2026-08-07", "close": 18.540001, "volume": 5029929, "typical_volume": 3373724.3, "trend": 21.356333, "fair_value": 15.620298, "relative_strength": -8.956039, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -42.087529, "energy": 34.967308, "activity_lines": [ 20.352001, 20.826728, 22.095476, 21.996398 ] } ], "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." } } }