{ "ticker": { "uuid": "b3d2cd01-a946-4bde-917a-38ed2a4dc8ff", "symbol": "NB2", "name": "Northern Data AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.748, "architecture_energy": 45.033, "architecture_maturity": 29.415, "architecture_confidence": 78.035, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 25.94, "rotation_up": 14.45, "upward_expansion": 5.47, "deceleration": 49.3, "rotation_down": 62.56, "downward_expansion": 78.8 }, "activity_lines": [ 6.538333, 6.988273, 8.938024, 9.552548 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 8.445, "trend_reference": 10.410667, "distance_from_trend": -0.188813, "trend_direction": "Weakening", "fair_value": 22.559359, "distance_from_fair_value": -0.625654, "fair_value_direction": "Weakening", "relative_strength": -37.659554, "relative_strength_direction": "Weakening", "price_momentum": -0.340234, "excess_performance": -0.404874, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.188813, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.166191, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.625654, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.197871, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.376596, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.187311, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.340234, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.653911, "read": "Demand-led" } ], "volume": { "latest": 99717, "relative_activity": 0.609549, "balance": 2.653911, "dry_up": 0.42998, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.355905, "annualized_volatility": 1.624293, "from_high_reference": -0.632826, "from_low_reference": 0.827922 }, "levels": { "trend_reference": 10.410667, "fair_value_reference": 22.559359, "structural_low": 4.62, "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": 35, "median_return": -0.055416, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.029994, "regime_survival": 0.885714, "best_return": 0.661741, "worst_return": -0.493778, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.184033, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.180793, "regime_survival": 0.75, "best_return": 0.242789, "worst_return": -0.612661, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.252887, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.278737, "regime_survival": 0.5, "best_return": 1.372596, "worst_return": -0.596886, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.329802, "positive_rate": 0.25, "directional_follow_through": 0.5, "median_excess_return": -0.383778, "regime_survival": 0.75, "best_return": 0.066346, "worst_return": -0.710526, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-03-29", "tenure": "New", "return": -0.098993, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-05", "end": "2024-04-12", "tenure": "New", "return": -0.079365, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-05-03", "tenure": "New", "return": 0.201422, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-07-05", "tenure": "Developing", "return": -0.25434, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-08-23", "tenure": "Developing", "return": 0.252404, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-06", "tenure": "New", "return": 0.009174, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-13", "end": "2024-10-18", "tenure": "Developing", "return": 0.098446, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-02-14", "tenure": "Established", "return": 0.605442, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.390642, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-25", "tenure": "Developing", "return": 0.030279, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2026-05-15", "tenure": "Extended", "return": -0.393778, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.222503, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.436057, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.010167, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.66, "volume": 312984, "typical_volume": 279719.05, "trend": 16.018333, "fair_value": 48.452276, "relative_strength": 9.831463, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.217131, "energy": 19.040619, "activity_lines": [ 17.362667, 19.205091, 19.186857, 18.02357 ] }, { "date": "2023-08-25", "close": 15.3, "volume": 393923, "typical_volume": 293005.15, "trend": 16.195, "fair_value": 48.156763, "relative_strength": 8.636205, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.168988, "energy": 23.464847, "activity_lines": [ 16.457333, 18.377455, 18.849238, 17.977226 ] }, { "date": "2023-09-01", "close": 16.200001, "volume": 204204, "typical_volume": 279629.55, "trend": 16.38, "fair_value": 47.843942, "relative_strength": 14.702439, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.434629, "energy": 26.606573, "activity_lines": [ 16.165334, 17.752364, 18.590952, 17.977548 ] }, { "date": "2023-09-08", "close": 18.299999, "volume": 268199, "typical_volume": 273727.6, "trend": 16.650667, "fair_value": 47.585609, "relative_strength": 30.950095, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.983343, "energy": 15.826528, "activity_lines": [ 16.761333, 17.578182, 18.561714, 18.101419 ] }, { "date": "2023-09-15", "close": 22.799999, "volume": 272000, "typical_volume": 278560.2, "trend": 17.064, "fair_value": 47.36125, "relative_strength": 61.036508, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.954495, "energy": 18.989275, "activity_lines": [ 18.804, 18.298545, 18.966762, 18.49815 ] }, { "date": "2023-09-22", "close": 20.9, "volume": 317502, "typical_volume": 287712.9, "trend": 17.441333, "fair_value": 47.158045, "relative_strength": 49.464301, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.515461, "energy": 26.059634, "activity_lines": [ 19.886666, 18.658909, 19.167524, 18.745634 ] }, { "date": "2023-09-29", "close": 23.200001, "volume": 402737, "typical_volume": 298105.05, "trend": 17.902333, "fair_value": 46.974711, "relative_strength": 66.065065, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.340686, "energy": 39.554905, "activity_lines": [ 21.386667, 19.539273, 19.568857, 19.117161 ] }, { "date": "2023-10-06", "close": 24.299999, "volume": 205486, "typical_volume": 301133.3, "trend": 18.397333, "fair_value": 46.800994, "relative_strength": 73.167967, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.043833, "energy": 62.812932, "activity_lines": [ 22.726666, 20.561454, 20.037428, 19.529914 ] }, { "date": "2023-10-13", "close": 24.200001, "volume": 334397, "typical_volume": 305587.4, "trend": 18.876667, "fair_value": 46.622788, "relative_strength": 70.124448, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.486746, "energy": 70.32319, "activity_lines": [ 23.493334, 21.469455, 20.453429, 19.90428 ] }, { "date": "2023-10-20", "close": 24.0, "volume": 238538, "typical_volume": 296907.35, "trend": 19.291667, "fair_value": 46.461891, "relative_strength": 69.635214, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.048995, "energy": 72.176321, "activity_lines": [ 23.8, 22.219273, 20.821905, 20.234817 ] }, { "date": "2023-10-27", "close": 28.1, "volume": 363144, "typical_volume": 305993.1, "trend": 19.806667, "fair_value": 46.369583, "relative_strength": 94.898302, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.473538, "energy": 80.653695, "activity_lines": [ 25.393333, 23.603636, 21.559429, 20.803097 ] }, { "date": "2023-11-03", "close": 29.299999, "volume": 229970, "typical_volume": 300162.65, "trend": 20.318, "fair_value": 46.248429, "relative_strength": 91.331863, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.447548, "energy": 82.749186, "activity_lines": [ 26.906666, 24.98, 22.369809, 21.41557 ] }, { "date": "2023-11-10", "close": 25.0, "volume": 347384, "typical_volume": 301507.65, "trend": 20.408, "fair_value": 46.100994, "relative_strength": 59.702471, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.603742, "energy": 63.419771, "activity_lines": [ 26.58, 25.32, 22.71419, 21.717634 ] }, { "date": "2023-11-17", "close": 23.6, "volume": 323880, "typical_volume": 305386.2, "trend": 20.544667, "fair_value": 45.879199, "relative_strength": 41.946504, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.966001, "energy": 45.763165, "activity_lines": [ 25.74, 25.245454, 22.901428, 21.92357 ] }, { "date": "2023-11-24", "close": 23.299999, "volume": 253309, "typical_volume": 305390.75, "trend": 20.724667, "fair_value": 45.640096, "relative_strength": 36.934307, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.694823, "energy": 29.144698, "activity_lines": [ 24.84, 25.02, 23.054857, 22.101333 ] }, { "date": "2023-12-01", "close": 24.299999, "volume": 331751, "typical_volume": 299498.95, "trend": 20.967333, "fair_value": 45.407404, "relative_strength": 37.316584, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.503847, "energy": 20.141674, "activity_lines": [ 24.319999, 24.967272, 23.297333, 22.332 ] }, { "date": "2023-12-08", "close": 28.5, "volume": 354782, "typical_volume": 299508.75, "trend": 21.406667, "fair_value": 45.227276, "relative_strength": 54.147709, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.875665, "energy": 28.077823, "activity_lines": [ 25.453333, 25.616363, 23.950285, 22.817978 ] }, { "date": "2023-12-15", "close": 23.799999, "volume": 271483, "typical_volume": 300400.15, "trend": 21.691333, "fair_value": 44.969583, "relative_strength": 26.618253, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.522352, "energy": 20.911451, "activity_lines": [ 25.073333, 25.314545, 24.115143, 22.972387 ] }, { "date": "2023-12-22", "close": 24.950001, "volume": 241742, "typical_volume": 295946.85, "trend": 21.915667, "fair_value": 44.687212, "relative_strength": 30.714456, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.036458, "energy": 23.026119, "activity_lines": [ 25.156667, 25.230909, 24.366762, 23.182624 ] }, { "date": "2023-12-29", "close": 26.299999, "volume": 86202, "typical_volume": 287680.85, "trend": 22.142333, "fair_value": 44.362212, "relative_strength": 34.835448, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.552358, "energy": 32.151455, "activity_lines": [ 25.6, 25.379091, 24.711476, 23.465484 ] }, { "date": "2024-01-05", "close": 25.0, "volume": 234347, "typical_volume": 283749.0, "trend": 22.329, "fair_value": 43.907083, "relative_strength": 27.085657, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.777627, "energy": 22.435521, "activity_lines": [ 25.41, 25.249091, 24.892381, 23.649849 ] }, { "date": "2024-01-12", "close": 28.450001, "volume": 831537, "typical_volume": 305629.7, "trend": 22.696, "fair_value": 43.512532, "relative_strength": 41.301773, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.728697, "energy": 33.229903, "activity_lines": [ 26.323334, 25.802727, 25.357381, 24.044753 ] }, { "date": "2024-01-19", "close": 26.200001, "volume": 254626, "typical_volume": 308150.8, "trend": 22.902667, "fair_value": 43.16125, "relative_strength": 29.572486, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 47.638358, "energy": 29.154336, "activity_lines": [ 26.490001, 25.962727, 25.545476, 24.270817 ] }, { "date": "2024-01-26", "close": 26.1, "volume": 179171, "typical_volume": 303699.4, "trend": 23.022667, "fair_value": 42.823429, "relative_strength": 24.266961, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.06942, "energy": 27.541627, "activity_lines": [ 26.463334, 26.082727, 25.676429, 24.477097 ] }, { "date": "2024-02-02", "close": 26.200001, "volume": 315152, "typical_volume": 305857.0, "trend": 23.162667, "fair_value": 42.422147, "relative_strength": 23.412258, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.973489, "energy": 27.729453, "activity_lines": [ 26.393334, 26.175455, 25.779762, 24.682086 ] }, { "date": "2024-02-09", "close": 26.1, "volume": 427728, "typical_volume": 311368.3, "trend": 23.149333, "fair_value": 41.810609, "relative_strength": 21.251453, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.38308, "energy": 22.283607, "activity_lines": [ 26.296667, 26.197273, 25.857381, 24.871591 ] }, { "date": "2024-02-16", "close": 28.75, "volume": 585546, "typical_volume": 320508.75, "trend": 23.441, "fair_value": 41.126314, "relative_strength": 30.089959, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.721772, "energy": 30.169566, "activity_lines": [ 27.01, 26.668182, 26.162619, 25.232925 ] }, { "date": "2024-02-23", "close": 26.299999, "volume": 333391, "typical_volume": 326904.0, "trend": 23.683667, "fair_value": 40.641058, "relative_strength": 15.428672, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.460937, "energy": 24.252024, "activity_lines": [ 26.886666, 26.689091, 26.208095, 25.417376 ] }, { "date": "2024-03-01", "close": 30.200001, "volume": 1015526, "typical_volume": 360960.45, "trend": 24.107, "fair_value": 40.256442, "relative_strength": 28.111292, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.989125, "energy": 41.025418, "activity_lines": [ 28.056667, 27.373637, 26.615476, 25.837785 ] }, { "date": "2024-03-08", "close": 29.799999, "volume": 321148, "typical_volume": 365090.95, "trend": 24.503667, "fair_value": 39.803237, "relative_strength": 23.949343, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.592467, "energy": 50.209996, "activity_lines": [ 28.82, 27.89, 26.95619, 26.205075 ] }, { "date": "2024-03-15", "close": 26.5, "volume": 500746, "typical_volume": 371971.05, "trend": 24.865, "fair_value": 39.325673, "relative_strength": 8.219935, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.763248, "energy": 30.228908, "activity_lines": [ 28.243333, 27.742727, 26.955, 26.333871 ] }, { "date": "2024-03-22", "close": 26.950001, "volume": 516979, "typical_volume": 386321.5, "trend": 25.253333, "fair_value": 38.854199, "relative_strength": 7.358908, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.824899, "energy": 26.804064, "activity_lines": [ 27.79, 27.65, 27.004286, 26.468387 ] }, { "date": "2024-03-29", "close": 26.85, "volume": 220018, "typical_volume": 379953.2, "trend": 25.608333, "fair_value": 38.372468, "relative_strength": 4.367822, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.406333, "energy": 15.310137, "activity_lines": [ 27.423334, 27.566364, 27.055238, 26.571398 ] }, { "date": "2024-04-05", "close": 22.049999, "volume": 643932, "typical_volume": 395955.8, "trend": 25.733333, "fair_value": 37.848429, "relative_strength": -13.175, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.378306, "energy": 19.099364, "activity_lines": [ 25.42, 26.598182, 26.640238, 26.341828 ] }, { "date": "2024-04-12", "close": 20.299999, "volume": 474967, "typical_volume": 407038.7, "trend": 25.65, "fair_value": 37.308045, "relative_strength": -18.663076, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.025384, "energy": 41.540255, "activity_lines": [ 23.376666, 25.385454, 26.065952, 25.99129 ] }, { "date": "2024-04-19", "close": 21.1, "volume": 305753, "typical_volume": 405738.8, "trend": 25.656667, "fair_value": 36.868942, "relative_strength": -14.49277, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.675737, "energy": 57.55549, "activity_lines": [ 22.233333, 24.425454, 25.582143, 25.697742 ] }, { "date": "2024-04-26", "close": 26.200001, "volume": 436187, "typical_volume": 409809.05, "trend": 25.756667, "fair_value": 36.415096, "relative_strength": 3.243597, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.996977, "energy": 53.586181, "activity_lines": [ 23.15, 24.483636, 25.599286, 25.732796 ] }, { "date": "2024-05-03", "close": 25.35, "volume": 381656, "typical_volume": 415317.7, "trend": 25.791667, "fair_value": 35.953878, "relative_strength": 0.306753, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -49.617156, "energy": 38.215841, "activity_lines": [ 23.833333, 24.433636, 25.546429, 25.706559 ] }, { "date": "2024-05-10", "close": 26.5, "volume": 244450, "typical_volume": 415453.1, "trend": 25.868333, "fair_value": 35.61734, "relative_strength": -0.065261, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.543128, "energy": 12.416094, "activity_lines": [ 25.0, 24.61, 25.595714, 25.752258 ] }, { "date": "2024-05-17", "close": 25.799999, "volume": 191258, "typical_volume": 420705.9, "trend": 25.928333, "fair_value": 35.266699, "relative_strength": -2.932863, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.116898, "energy": 18.021909, "activity_lines": [ 25.636666, 24.726363, 25.570952, 25.747849 ] }, { "date": "2024-05-24", "close": 24.5, "volume": 288500, "typical_volume": 423413.55, "trend": 25.808333, "fair_value": 34.826955, "relative_strength": -7.981958, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.855596, "energy": 16.142009, "activity_lines": [ 25.473333, 24.679091, 25.424762, 25.655699 ] }, { "date": "2024-05-31", "close": 24.15, "volume": 224217, "typical_volume": 393047.55, "trend": 25.636667, "fair_value": 34.403558, "relative_strength": -8.450326, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.20929, "energy": 15.268716, "activity_lines": [ 24.966666, 24.604545, 25.247619, 25.54871 ] }, { "date": "2024-06-07", "close": 23.15, "volume": 276592, "typical_volume": 394145.85, "trend": 25.575, "fair_value": 34.044263, "relative_strength": -12.558541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.202589, "energy": 28.405211, "activity_lines": [ 24.263333, 24.399091, 24.995714, 25.38828 ] }, { "date": "2024-06-14", "close": 22.1, "volume": 241158, "typical_volume": 397245.2, "trend": 25.525, "fair_value": 33.659647, "relative_strength": -14.136759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.100042, "energy": 49.140303, "activity_lines": [ 23.356667, 24.07, 24.658333, 25.164086 ] }, { "date": "2024-06-21", "close": 24.950001, "volume": 464767, "typical_volume": 404725.95, "trend": 25.58, "fair_value": 33.303558, "relative_strength": -4.067994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.2423, "energy": 38.825899, "activity_lines": [ 23.693334, 24.258182, 24.611429, 25.126989 ] }, { "date": "2024-06-28", "close": 23.799999, "volume": 544435, "typical_volume": 410561.3, "trend": 25.563333, "fair_value": 32.922788, "relative_strength": -8.742555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.293955, "energy": 34.003241, "activity_lines": [ 23.703333, 24.152727, 24.460952, 25.01215 ] }, { "date": "2024-07-05", "close": 19.76, "volume": 1965238, "typical_volume": 479545.9, "trend": 25.272, "fair_value": 32.562276, "relative_strength": -24.873651, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.411278, "energy": 47.289731, "activity_lines": [ 22.413333, 23.263636, 23.936667, 24.637742 ] }, { "date": "2024-07-12", "close": 20.799999, "volume": 1364946, "typical_volume": 531123.65, "trend": 25.172, "fair_value": 32.199455, "relative_strength": -21.501659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.626859, "energy": 37.497729, "activity_lines": [ 21.762666, 22.680727, 23.554238, 24.349226 ] }, { "date": "2024-07-19", "close": 21.700001, "volume": 722720, "typical_volume": 516483.35, "trend": 25.063667, "fair_value": 31.819968, "relative_strength": -15.459626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.529373, "energy": 41.895989, "activity_lines": [ 21.568667, 22.344182, 23.283714, 24.125226 ] }, { "date": "2024-07-26", "close": 21.299999, "volume": 357370, "typical_volume": 518294.45, "trend": 24.897, "fair_value": 31.493045, "relative_strength": -18.126502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.589038, "energy": 48.088423, "activity_lines": [ 21.268, 22.022182, 23.015571, 23.882408 ] }, { "date": "2024-08-02", "close": 21.0, "volume": 650087, "typical_volume": 525761.5, "trend": 24.763667, "fair_value": 31.218686, "relative_strength": -15.928146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.522791, "energy": 40.141528, "activity_lines": [ 21.110666, 21.727454, 22.759333, 23.630989 ] }, { "date": "2024-08-09", "close": 20.6, "volume": 419508, "typical_volume": 520887.95, "trend": 24.502, "fair_value": 30.874455, "relative_strength": -17.851881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.588328, "energy": 33.357485, "activity_lines": [ 21.006667, 21.423636, 22.49119, 23.362365 ] }, { "date": "2024-08-16", "close": 24.0, "volume": 550121, "typical_volume": 537393.1, "trend": 24.428667, "fair_value": 30.565481, "relative_strength": -7.806409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.825479, "energy": 17.921152, "activity_lines": [ 21.98, 21.802545, 22.577095, 23.329978 ] }, { "date": "2024-08-23", "close": 26.049999, "volume": 495062, "typical_volume": 529949.6, "trend": 24.427, "fair_value": 30.278622, "relative_strength": -2.155416, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.443491, "energy": 9.956005, "activity_lines": [ 23.423333, 22.538727, 22.871809, 23.43458 ] }, { "date": "2024-08-30", "close": 27.25, "volume": 749446, "typical_volume": 543673.55, "trend": 24.462, "fair_value": 29.923173, "relative_strength": 0.304449, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.387955, "energy": 23.135262, "activity_lines": [ 24.976666, 23.421272, 23.261762, 23.61671 ] }, { "date": "2024-09-06", "close": 27.5, "volume": 309249, "typical_volume": 543848.35, "trend": 24.508667, "fair_value": 29.645609, "relative_strength": 4.09731, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.641801, "energy": 30.750326, "activity_lines": [ 26.216666, 24.307454, 23.642428, 23.81271 ] }, { "date": "2024-09-13", "close": 28.950001, "volume": 325841, "typical_volume": 538331.05, "trend": 24.515333, "fair_value": 29.324776, "relative_strength": 7.094438, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.799829, "energy": 55.354057, "activity_lines": [ 27.506667, 25.39, 24.130714, 24.099247 ] }, { "date": "2024-09-20", "close": 25.15, "volume": 410872, "typical_volume": 539791.85, "trend": 24.477, "fair_value": 29.008429, "relative_strength": -7.065369, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.10574, "energy": 47.477138, "activity_lines": [ 26.973334, 25.614545, 24.244, 24.140193 ] }, { "date": "2024-09-27", "close": 26.0, "volume": 222185, "typical_volume": 538678.6, "trend": 24.337, "fair_value": 28.800096, "relative_strength": -7.429888, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.816656, "energy": 34.395167, "activity_lines": [ 26.646667, 25.914545, 24.43919, 24.238452 ] }, { "date": "2024-10-04", "close": 27.0, "volume": 297598, "typical_volume": 543995.6, "trend": 24.243667, "fair_value": 28.601378, "relative_strength": -1.856175, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.177905, "energy": 43.979745, "activity_lines": [ 26.656667, 26.318182, 24.732, 24.410258 ] }, { "date": "2024-10-11", "close": 25.85, "volume": 206440, "typical_volume": 539892.6, "trend": 24.222, "fair_value": 28.412596, "relative_strength": -6.940508, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 41.968916, "energy": 24.205764, "activity_lines": [ 26.3, 26.409091, 24.909571, 24.513892 ] }, { "date": "2024-10-18", "close": 31.799999, "volume": 650046, "typical_volume": 561184.05, "trend": 24.383667, "fair_value": 28.277981, "relative_strength": 12.834282, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.245447, "energy": 61.147233, "activity_lines": [ 28.036666, 27.493636, 25.647381, 25.002796 ] }, { "date": "2024-10-25", "close": 29.4, "volume": 584002, "typical_volume": 576554.55, "trend": 24.468667, "fair_value": 28.089519, "relative_strength": 5.929252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.365718, "energy": 60.013687, "activity_lines": [ 28.783333, 27.938182, 26.12019, 25.32643 ] }, { "date": "2024-11-01", "close": 27.5, "volume": 309705, "typical_volume": 579981.9, "trend": 24.650333, "fair_value": 27.865801, "relative_strength": 0.838047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.057002, "energy": 45.158915, "activity_lines": [ 28.613333, 27.939091, 26.382286, 25.522 ] }, { "date": "2024-11-08", "close": 28.0, "volume": 418172, "typical_volume": 577652.15, "trend": 24.907, "fair_value": 27.429263, "relative_strength": 3.139958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.935725, "energy": 44.766531, "activity_lines": [ 28.51, 28.004545, 26.666286, 25.738107 ] }, { "date": "2024-11-15", "close": 32.75, "volume": 883641, "typical_volume": 594612.45, "trend": 25.295333, "fair_value": 27.016763, "relative_strength": 20.302251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.406942, "energy": 47.652436, "activity_lines": [ 29.923333, 28.92, 27.388143, 26.244107 ] }, { "date": "2024-11-22", "close": 35.0, "volume": 325365, "typical_volume": 512618.8, "trend": 25.588667, "fair_value": 26.671891, "relative_strength": 27.205911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.103643, "energy": 66.55603, "activity_lines": [ 31.626667, 30.149091, 28.281667, 26.870215 ] }, { "date": "2024-11-29", "close": 37.599998, "volume": 374196, "typical_volume": 463081.3, "trend": 25.997, "fair_value": 26.291122, "relative_strength": 33.756058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.834136, "energy": 84.02336, "activity_lines": [ 33.983333, 31.740909, 29.350238, 27.64514 ] }, { "date": "2024-12-06", "close": 42.150002, "volume": 332281, "typical_volume": 443559.35, "trend": 26.518667, "fair_value": 25.984391, "relative_strength": 43.656998, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.791127, "energy": 93.691393, "activity_lines": [ 37.31, 33.933636, 30.772143, 28.687269 ] }, { "date": "2024-12-13", "close": 40.599998, "volume": 233496, "typical_volume": 437365.65, "trend": 27.012, "fair_value": 25.756186, "relative_strength": 37.187073, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.066671, "energy": 90.09686, "activity_lines": [ 39.143333, 35.550909, 31.949047, 29.595742 ] }, { "date": "2024-12-20", "close": 42.049999, "volume": 456111, "typical_volume": 427666.85, "trend": 27.597, "fair_value": 25.516122, "relative_strength": 44.619351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.340638, "energy": 90.483611, "activity_lines": [ 40.619999, 37.184545, 33.172143, 30.565935 ] }, { "date": "2024-12-27", "close": 44.349998, "volume": 93133, "typical_volume": 411348.1, "trend": 28.270333, "fair_value": 25.306827, "relative_strength": 50.484671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.733215, "energy": 90.799792, "activity_lines": [ 42.243332, 38.941817, 34.514047, 31.646774 ] }, { "date": "2025-01-03", "close": 50.299999, "volume": 257872, "typical_volume": 396735.65, "trend": 29.175333, "fair_value": 25.198494, "relative_strength": 69.09471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.788666, "energy": 87.536905, "activity_lines": [ 45.226665, 41.552726, 36.309523, 33.068043 ] }, { "date": "2025-01-10", "close": 49.349998, "volume": 317059, "typical_volume": 387835.5, "trend": 30.083666, "fair_value": 25.042404, "relative_strength": 61.830246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.506203, "energy": 78.075587, "activity_lines": [ 47.046665, 43.610908, 37.889285, 34.369634 ] }, { "date": "2025-01-17", "close": 49.0, "volume": 214058, "typical_volume": 361066.1, "trend": 30.885333, "fair_value": 24.959711, "relative_strength": 53.895308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.820665, "energy": 77.975007, "activity_lines": [ 48.269999, 45.208181, 39.324761, 35.590043 ] }, { "date": "2025-01-24", "close": 47.0, "volume": 265772, "typical_volume": 358892.25, "trend": 31.658666, "fair_value": 24.892404, "relative_strength": 43.034263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.394761, "energy": 66.443328, "activity_lines": [ 48.266666, 46.059999, 40.46619, 36.629698 ] }, { "date": "2025-01-31", "close": 44.849998, "volume": 312264, "typical_volume": 358213.4, "trend": 32.495, "fair_value": 24.826058, "relative_strength": 33.512669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.152277, "energy": 60.041177, "activity_lines": [ 47.216666, 46.261817, 41.309999, 37.480752 ] }, { "date": "2025-02-07", "close": 45.0, "volume": 132482, "typical_volume": 344293.9, "trend": 33.301666, "fair_value": 24.744006, "relative_strength": 32.756729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.575471, "energy": 46.130683, "activity_lines": [ 46.183333, 46.311817, 42.09238, 38.287526 ] }, { "date": "2025-02-14", "close": 47.200001, "volume": 174097, "typical_volume": 341889.5, "trend": 34.151666, "fair_value": 24.693365, "relative_strength": 34.063172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.540799, "energy": 42.416513, "activity_lines": [ 46.236667, 46.627272, 42.989761, 39.184193 ] }, { "date": "2025-02-21", "close": 45.950001, "volume": 227391, "typical_volume": 338379.15, "trend": 34.973333, "fair_value": 24.638558, "relative_strength": 30.946705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.066024, "energy": 35.690929, "activity_lines": [ 46.016667, 46.623636, 43.667142, 39.945376 ] }, { "date": "2025-02-28", "close": 38.200001, "volume": 376784, "typical_volume": 346896.35, "trend": 35.546666, "fair_value": 24.599455, "relative_strength": 7.599011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.580872, "energy": 17.794134, "activity_lines": [ 43.416667, 45.113636, 43.51619, 40.153548 ] }, { "date": "2025-03-07", "close": 32.5, "volume": 328873, "typical_volume": 330837.7, "trend": 35.943333, "fair_value": 24.530865, "relative_strength": -9.99039, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.511646, "energy": 21.196379, "activity_lines": [ 39.503334, 42.637273, 42.763571, 39.956989 ] }, { "date": "2025-03-14", "close": 28.0, "volume": 442206, "typical_volume": 323747.9, "trend": 36.076666, "fair_value": 24.404904, "relative_strength": -22.131172, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -44.862772, "energy": 46.708539, "activity_lines": [ 34.913334, 39.558182, 41.579047, 39.444516 ] }, { "date": "2025-03-21", "close": 25.1, "volume": 348284, "typical_volume": 325676.85, "trend": 36.045, "fair_value": 24.235673, "relative_strength": -29.573736, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.155693, "energy": 70.5272, "activity_lines": [ 30.49, 36.357273, 40.125, 38.736344 ] }, { "date": "2025-03-28", "close": 24.049999, "volume": 203994, "typical_volume": 314967.95, "trend": 35.938333, "fair_value": 24.010353, "relative_strength": -30.902177, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.111765, "energy": 78.701053, "activity_lines": [ 27.19, 33.406364, 38.582381, 37.962473 ] }, { "date": "2025-04-04", "close": 22.700001, "volume": 276314, "typical_volume": 284601.6, "trend": 35.778333, "fair_value": 23.793686, "relative_strength": -28.930949, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.356484, "energy": 83.130542, "activity_lines": [ 24.9, 30.663637, 36.93, 37.108387 ] }, { "date": "2025-04-11", "close": 22.440001, "volume": 202234, "typical_volume": 278445.05, "trend": 35.561333, "fair_value": 23.596506, "relative_strength": -28.794909, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.318025, "energy": 81.115594, "activity_lines": [ 23.556667, 28.315455, 35.300714, 36.247849 ] }, { "date": "2025-04-18", "close": 25.040001, "volume": 199439, "typical_volume": 269707.2, "trend": 35.557666, "fair_value": 23.414711, "relative_strength": -23.652918, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.746094, "energy": 76.176882, "activity_lines": [ 23.750667, 26.847455, 33.978857, 35.569054 ] }, { "date": "2025-04-25", "close": 25.860001, "volume": 244185, "typical_volume": 265302.4, "trend": 35.553, "fair_value": 23.264327, "relative_strength": -24.564704, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.69011, "energy": 76.337568, "activity_lines": [ 24.415334, 25.891455, 32.794905, 34.943398 ] }, { "date": "2025-05-02", "close": 22.5, "volume": 450113, "typical_volume": 276133.25, "trend": 35.403, "fair_value": 23.139199, "relative_strength": -36.422072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.979681, "energy": 64.743199, "activity_lines": [ 23.909334, 24.712546, 31.368524, 34.101269 ] }, { "date": "2025-05-09", "close": 25.02, "volume": 307970, "typical_volume": 268726.2, "trend": 35.375333, "fair_value": 23.084455, "relative_strength": -30.23928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.262923, "energy": 55.385411, "activity_lines": [ 24.346667, 24.418182, 30.268334, 33.431398 ] }, { "date": "2025-05-16", "close": 26.68, "volume": 220156, "typical_volume": 275077.35, "trend": 35.204667, "fair_value": 23.040609, "relative_strength": -26.211253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.140304, "energy": 46.753499, "activity_lines": [ 25.182667, 24.665273, 29.407334, 32.870409 ] }, { "date": "2025-05-23", "close": 24.76, "volume": 304469, "typical_volume": 277407.2, "trend": 35.05, "fair_value": 22.981378, "relative_strength": -30.892331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.317781, "energy": 44.631911, "activity_lines": [ 25.096, 24.669091, 28.447619, 32.196559 ] }, { "date": "2025-05-30", "close": 27.780001, "volume": 335612, "typical_volume": 278334.85, "trend": 35.059333, "fair_value": 22.960096, "relative_strength": -23.508388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.472038, "energy": 35.59806, "activity_lines": [ 26.034667, 25.28091, 27.897143, 31.727527 ] }, { "date": "2025-06-06", "close": 26.98, "volume": 233839, "typical_volume": 279323.9, "trend": 35.025333, "fair_value": 22.94484, "relative_strength": -26.521192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.416855, "energy": 31.605004, "activity_lines": [ 26.578667, 25.698546, 27.373191, 31.20628 ] }, { "date": "2025-06-13", "close": 26.34, "volume": 129062, "typical_volume": 272488.4, "trend": 34.811667, "fair_value": 22.957019, "relative_strength": -25.75807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.85647, "energy": 31.379503, "activity_lines": [ 26.610667, 25.946546, 26.893143, 30.645936 ] }, { "date": "2025-06-20", "close": 27.360001, "volume": 460567, "typical_volume": 279903.55, "trend": 34.557, "fair_value": 22.96907, "relative_strength": -22.135512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.006013, "energy": 24.019965, "activity_lines": [ 26.894667, 26.313819, 26.608619, 30.165183 ] }, { "date": "2025-06-27", "close": 24.200001, "volume": 440152, "typical_volume": 295287.05, "trend": 34.110333, "fair_value": 22.986763, "relative_strength": -32.828952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.352968, "energy": 34.590613, "activity_lines": [ 26.080001, 26.017091, 26.106429, 29.49699 ] }, { "date": "2025-07-04", "close": 23.0, "volume": 216455, "typical_volume": 297404.95, "trend": 33.472, "fair_value": 22.993173, "relative_strength": -35.415121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.911277, "energy": 46.461471, "activity_lines": [ 24.902667, 25.517455, 25.589, 28.780194 ] }, { "date": "2025-07-11", "close": 22.18, "volume": 280962, "typical_volume": 300083.5, "trend": 32.858, "fair_value": 23.000353, "relative_strength": -38.765693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.758638, "energy": 52.99386, "activity_lines": [ 23.770667, 24.920728, 25.108715, 28.051678 ] }, { "date": "2025-07-18", "close": 23.200001, "volume": 257494, "typical_volume": 294119.0, "trend": 32.229667, "fair_value": 22.999712, "relative_strength": -35.842401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.424559, "energy": 58.957793, "activity_lines": [ 23.298667, 24.515273, 24.838762, 27.428581 ] }, { "date": "2025-07-25", "close": 23.92, "volume": 213132, "typical_volume": 288331.95, "trend": 31.548667, "fair_value": 23.000353, "relative_strength": -33.509645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.380465, "energy": 54.784645, "activity_lines": [ 23.276, 24.273819, 24.70881, 26.892473 ] }, { "date": "2025-08-01", "close": 20.940001, "volume": 292235, "typical_volume": 280833.4, "trend": 30.57, "fair_value": 22.990353, "relative_strength": -39.595603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.231845, "energy": 60.210204, "activity_lines": [ 22.489334, 23.540728, 24.335905, 26.208043 ] }, { "date": "2025-08-08", "close": 23.02, "volume": 269488, "typical_volume": 276893.6, "trend": 29.692334, "fair_value": 22.988558, "relative_strength": -35.444803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.128783, "energy": 43.852744, "activity_lines": [ 22.613334, 23.255273, 24.194715, 25.720947 ] }, { "date": "2025-08-15", "close": 17.110001, "volume": 1099514, "typical_volume": 321669.6, "trend": 28.629334, "fair_value": 22.961827, "relative_strength": -52.02545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.204226, "energy": 58.097445, "activity_lines": [ 20.766001, 21.981819, 23.500572, 24.909183 ] }, { "date": "2025-08-22", "close": 17.459999, "volume": 535023, "typical_volume": 334605.05, "trend": 27.644667, "fair_value": 22.929519, "relative_strength": -50.609668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.773673, "energy": 75.623533, "activity_lines": [ 19.373333, 20.951455, 22.87281, 24.188581 ] }, { "date": "2025-08-29", "close": 17.0, "volume": 433939, "typical_volume": 346190.3, "trend": 26.716334, "fair_value": 22.912276, "relative_strength": -50.504762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.203044, "energy": 82.312212, "activity_lines": [ 18.21, 19.998909, 22.226191, 23.501828 ] }, { "date": "2025-09-05", "close": 17.110001, "volume": 244704, "typical_volume": 348453.55, "trend": 25.786667, "fair_value": 22.907917, "relative_strength": -49.009571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.151708, "energy": 85.26562, "activity_lines": [ 17.544667, 19.254728, 21.615953, 22.882065 ] }, { "date": "2025-09-12", "close": 18.4, "volume": 297482, "typical_volume": 351118.4, "trend": 24.826667, "fair_value": 22.921378, "relative_strength": -44.823407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.74114, "energy": 76.044892, "activity_lines": [ 17.564667, 18.874, 21.166334, 22.405506 ] }, { "date": "2025-09-19", "close": 17.950001, "volume": 1460321, "typical_volume": 401628.8, "trend": 23.893334, "fair_value": 22.963429, "relative_strength": -45.604831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.35919, "energy": 57.626017, "activity_lines": [ 17.742667, 18.495091, 20.709381, 21.96185 ] }, { "date": "2025-09-26", "close": 16.93, "volume": 529252, "typical_volume": 412692.9, "trend": 23.184334, "fair_value": 22.991763, "relative_strength": -48.470526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.143337, "energy": 54.99919, "activity_lines": [ 17.524667, 18.007637, 20.176953, 21.512603 ] }, { "date": "2025-10-03", "close": 17.65, "volume": 451909, "typical_volume": 424280.55, "trend": 22.689334, "fair_value": 23.034327, "relative_strength": -47.182916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.299555, "energy": 47.63448, "activity_lines": [ 17.582, 17.765091, 19.751619, 21.155549 ] }, { "date": "2025-10-10", "close": 16.98, "volume": 397605, "typical_volume": 428937.35, "trend": 22.322, "fair_value": 23.079455, "relative_strength": -48.441531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.896277, "energy": 48.268185, "activity_lines": [ 17.372667, 17.514727, 19.305476, 20.787205 ] }, { "date": "2025-10-17", "close": 13.88, "volume": 615875, "typical_volume": 442950.5, "trend": 21.948, "fair_value": 23.118301, "relative_strength": -56.490908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.054829, "energy": 58.744445, "activity_lines": [ 16.138667, 16.772727, 18.601143, 20.242559 ] }, { "date": "2025-10-24", "close": 14.09, "volume": 640686, "typical_volume": 463292.85, "trend": 21.616, "fair_value": 23.159199, "relative_strength": -55.990186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.457161, "energy": 63.352329, "activity_lines": [ 15.276, 16.235091, 17.983, 19.735592 ] }, { "date": "2025-10-31", "close": 14.86, "volume": 283178, "typical_volume": 470998.65, "trend": 21.354667, "fair_value": 23.207147, "relative_strength": -52.48056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.791165, "energy": 71.450427, "activity_lines": [ 14.927333, 15.892364, 17.499572, 19.299721 ] }, { "date": "2025-11-07", "close": 11.77, "volume": 375770, "typical_volume": 466758.8, "trend": 20.999, "fair_value": 23.224744, "relative_strength": -61.194045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.685788, "energy": 87.882574, "activity_lines": [ 13.686667, 15.035091, 16.776524, 18.681355 ] }, { "date": "2025-11-14", "close": 16.25, "volume": 1922874, "typical_volume": 540894.9, "trend": 20.706, "fair_value": 23.27282, "relative_strength": -46.289255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.369364, "energy": 62.862931, "activity_lines": [ 14.331333, 15.087455, 16.554381, 18.374968 ] }, { "date": "2025-11-21", "close": 13.63, "volume": 468808, "typical_volume": 553512.55, "trend": 20.298334, "fair_value": 23.307628, "relative_strength": -52.538647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.926295, "energy": 53.670594, "activity_lines": [ 14.151333, 14.679091, 16.120572, 17.918452 ] }, { "date": "2025-11-28", "close": 14.75, "volume": 228497, "typical_volume": 550889.3, "trend": 20.04, "fair_value": 23.349872, "relative_strength": -49.225436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.823583, "energy": 46.82657, "activity_lines": [ 14.361333, 14.561091, 15.838048, 17.560495 ] }, { "date": "2025-12-05", "close": 14.41, "volume": 227626, "typical_volume": 549395.9, "trend": 19.686334, "fair_value": 23.400513, "relative_strength": -49.623902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.859384, "energy": 37.1857, "activity_lines": [ 14.414, 14.439455, 15.558524, 17.197269 ] }, { "date": "2025-12-12", "close": 14.98, "volume": 139423, "typical_volume": 545710.45, "trend": 19.296334, "fair_value": 23.4575, "relative_strength": -46.796425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.979469, "energy": 33.734644, "activity_lines": [ 14.686667, 14.467273, 15.375143, 16.893635 ] }, { "date": "2025-12-19", "close": 12.15, "volume": 485902, "typical_volume": 555393.8, "trend": 18.876, "fair_value": 23.496923, "relative_strength": -55.851181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.479044, "energy": 44.862684, "activity_lines": [ 13.802, 14.029091, 14.96481, 16.432581 ] }, { "date": "2025-12-26", "close": 13.14, "volume": 288864, "typical_volume": 556362.6, "trend": 18.388, "fair_value": 23.542404, "relative_strength": -50.957348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.519692, "energy": 43.59253, "activity_lines": [ 13.520667, 13.858727, 14.690619, 16.062516 ] }, { "date": "2026-01-02", "close": 13.77, "volume": 232803, "typical_volume": 513027.05, "trend": 17.947667, "fair_value": 23.592244, "relative_strength": -47.210474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.877763, "energy": 39.166879, "activity_lines": [ 13.482, 13.816364, 14.523476, 15.764581 ] }, { "date": "2026-01-09", "close": 12.78, "volume": 244995, "typical_volume": 498525.65, "trend": 17.495667, "fair_value": 23.609295, "relative_strength": -50.679794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.15291, "energy": 43.46521, "activity_lines": [ 13.178667, 13.599818, 14.277952, 15.431183 ] }, { "date": "2026-01-16", "close": 12.76, "volume": 376095, "typical_volume": 495633.45, "trend": 17.009, "fair_value": 23.619167, "relative_strength": -49.069431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.594495, "energy": 40.541306, "activity_lines": [ 12.977333, 13.417455, 14.05281, 15.125656 ] }, { "date": "2026-01-23", "close": 13.08, "volume": 179241, "typical_volume": 492360.3, "trend": 16.638333, "fair_value": 23.63891, "relative_strength": -45.181822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.107262, "energy": 37.2157, "activity_lines": [ 13.030667, 13.275273, 13.878333, 14.872172 ] }, { "date": "2026-01-30", "close": 12.91, "volume": 125049, "typical_volume": 483738.65, "trend": 16.302, "fair_value": 23.653397, "relative_strength": -43.348091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.319726, "energy": 36.895637, "activity_lines": [ 12.965333, 13.159818, 13.706857, 14.631634 ] }, { "date": "2026-02-06", "close": 12.8, "volume": 187453, "typical_volume": 420095.25, "trend": 15.989333, "fair_value": 23.670192, "relative_strength": -42.399736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.427289, "energy": 36.271695, "activity_lines": [ 12.878667, 13.037455, 13.551048, 14.405699 ] }, { "date": "2026-02-13", "close": 12.6, "volume": 192274, "typical_volume": 403246.35, "trend": 15.636, "fair_value": 23.684295, "relative_strength": -41.757748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.270039, "energy": 40.056678, "activity_lines": [ 12.79, 12.914182, 13.400714, 14.187032 ] }, { "date": "2026-02-20", "close": 11.8, "volume": 191919, "typical_volume": 390246.85, "trend": 15.232, "fair_value": 23.698526, "relative_strength": -44.232924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.185965, "energy": 59.02314, "activity_lines": [ 12.446667, 12.678364, 13.19481, 13.939548 ] }, { "date": "2026-02-27", "close": 10.5, "volume": 782482, "typical_volume": 409490.7, "trend": 14.884, "fair_value": 23.705769, "relative_strength": -48.923669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.459429, "energy": 75.544326, "activity_lines": [ 11.734, 12.264, 12.892952, 13.634258 ] }, { "date": "2026-03-06", "close": 9.68, "volume": 484673, "typical_volume": 402930.6, "trend": 14.439333, "fair_value": 23.707244, "relative_strength": -48.307503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.62865, "energy": 83.964997, "activity_lines": [ 10.92, 11.730545, 12.543857, 13.298516 ] }, { "date": "2026-03-13", "close": 10.54, "volume": 252853, "typical_volume": 383538.95, "trend": 14.220333, "fair_value": 23.711859, "relative_strength": -42.295483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.70866, "energy": 77.447406, "activity_lines": [ 10.608, 11.416364, 12.296667, 13.046946 ] }, { "date": "2026-03-20", "close": 9.65, "volume": 301620, "typical_volume": 384461.05, "trend": 13.96, "fair_value": 23.699679, "relative_strength": -43.724775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.732964, "energy": 85.360383, "activity_lines": [ 10.15, 10.999091, 11.981619, 12.752086 ] }, { "date": "2026-03-27", "close": 9.075, "volume": 401316, "typical_volume": 385738.35, "trend": 13.695833, "fair_value": 23.676763, "relative_strength": -45.989628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.499774, "energy": 84.772545, "activity_lines": [ 9.697, 10.534182, 11.636619, 12.436925 ] }, { "date": "2026-04-03", "close": 8.42, "volume": 227322, "typical_volume": 300960.75, "trend": 13.406167, "fair_value": 23.64125, "relative_strength": -50.840062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.747358, "energy": 89.419885, "activity_lines": [ 9.207333, 10.017182, 11.242071, 12.096548 ] }, { "date": "2026-04-10", "close": 8.745, "volume": 211731, "typical_volume": 288106.9, "trend": 13.084333, "fair_value": 23.554359, "relative_strength": -49.339129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.183339, "energy": 87.054988, "activity_lines": [ 8.964667, 9.644, 10.915762, 11.795828 ] }, { "date": "2026-04-17", "close": 11.11, "volume": 436535, "typical_volume": 298508.8, "trend": 12.856333, "fair_value": 23.500577, "relative_strength": -36.752725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.725598, "energy": 56.438284, "activity_lines": [ 9.572667, 9.776545, 10.837952, 11.668452 ] }, { "date": "2026-04-24", "close": 11.52, "volume": 326898, "typical_volume": 303472.4, "trend": 12.676, "fair_value": 23.459679, "relative_strength": -31.592972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.812757, "energy": 36.821977, "activity_lines": [ 10.279333, 10.014364, 10.816524, 11.582237 ] }, { "date": "2026-05-01", "close": 12.39, "volume": 179332, "typical_volume": 305467.85, "trend": 12.500667, "fair_value": 23.43, "relative_strength": -25.974149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.232892, "energy": 22.005586, "activity_lines": [ 11.151333, 10.43, 10.891714, 11.563785 ] }, { "date": "2026-05-08", "close": 13.4, "volume": 319881, "typical_volume": 297166.8, "trend": 12.381333, "fair_value": 23.417692, "relative_strength": -18.928481, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.023175, "energy": 27.632803, "activity_lines": [ 12.139, 11.018545, 11.075429, 11.621806 ] }, { "date": "2026-05-15", "close": 13.64, "volume": 140215, "typical_volume": 289734.35, "trend": 12.373333, "fair_value": 23.407308, "relative_strength": -14.805149, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.309506, "energy": 42.452024, "activity_lines": [ 12.874667, 11.598, 11.276048, 11.703011 ] }, { "date": "2026-05-22", "close": 15.82, "volume": 349247, "typical_volume": 295556.55, "trend": 12.431, "fair_value": 23.391923, "relative_strength": -3.771803, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.424766, "energy": 54.503837, "activity_lines": [ 14.010667, 12.501818, 11.681905, 11.925376 ] }, { "date": "2026-05-29", "close": 16.5, "volume": 191579, "typical_volume": 292885.75, "trend": 12.485667, "fair_value": 23.372692, "relative_strength": 0.971247, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.409721, "energy": 70.217058, "activity_lines": [ 15.059333, 13.433273, 12.142762, 12.187892 ] }, { "date": "2026-06-05", "close": 12.3, "volume": 22602, "typical_volume": 275211.1, "trend": 12.503333, "fair_value": 23.327179, "relative_strength": -22.271356, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.592916, "energy": 49.846677, "activity_lines": [ 14.376, 13.476545, 12.185905, 12.175914 ] }, { "date": "2026-06-12", "close": 5.63, "volume": 24678, "typical_volume": 267482.95, "trend": 12.149333, "fair_value": 23.251474, "relative_strength": -63.257406, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -32.869101, "energy": 15.494109, "activity_lines": [ 11.475333, 12.248455, 11.596, 11.732473 ] }, { "date": "2026-06-19", "close": 8.085, "volume": 3982, "typical_volume": 261429.6, "trend": 11.9645, "fair_value": 23.175096, "relative_strength": -46.574821, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.842644, "energy": 39.046676, "activity_lines": [ 9.911, 11.517455, 11.275381, 11.470258 ] }, { "date": "2026-06-26", "close": 8.36, "volume": 7568, "typical_volume": 252435.35, "trend": 11.7515, "fair_value": 23.084455, "relative_strength": -42.840728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.920457, "energy": 50.857364, "activity_lines": [ 8.808667, 10.848455, 11.003929, 11.23771 ] }, { "date": "2026-07-03", "close": 8.51, "volume": 32121, "typical_volume": 244427.7, "trend": 11.554833, "fair_value": 22.997981, "relative_strength": -43.141634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.531626, "energy": 51.694931, "activity_lines": [ 8.253667, 10.256727, 10.767905, 11.028581 ] }, { "date": "2026-07-10", "close": 7.55, "volume": 115457, "typical_volume": 240604.6, "trend": 11.307167, "fair_value": 22.876506, "relative_strength": -47.046864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.219436, "energy": 67.881301, "activity_lines": [ 7.911333, 9.545182, 10.459929, 10.770204 ] }, { "date": "2026-07-17", "close": 6.4, "volume": 53943, "typical_volume": 204177.65, "trend": 11.1155, "fair_value": 22.789327, "relative_strength": -53.591479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.216532, "energy": 66.92848, "activity_lines": [ 7.502333, 8.712545, 10.062667, 10.453613 ] }, { "date": "2026-07-24", "close": 4.9, "volume": 103200, "typical_volume": 185104.0, "trend": 10.840833, "fair_value": 22.698814, "relative_strength": -63.856071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.156825, "energy": 66.863174, "activity_lines": [ 6.542, 7.734455, 9.542071, 10.052613 ] }, { "date": "2026-07-31", "close": 5.2, "volume": 24504, "typical_volume": 173686.55, "trend": 10.555167, "fair_value": 22.619968, "relative_strength": -61.489316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.865132, "energy": 66.985738, "activity_lines": [ 5.894, 6.969818, 9.07281, 9.688688 ] }, { "date": "2026-08-07", "close": 8.445, "volume": 99717, "typical_volume": 163591.4, "trend": 10.410667, "fair_value": 22.559359, "relative_strength": -37.659554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.747795, "energy": 45.033307, "activity_lines": [ 6.538333, 6.988273, 8.938024, 9.552548 ] } ], "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." } } }