{ "ticker": { "uuid": "b5e52d97-87f7-49fb-bb3e-33e5d1870395", "symbol": "00693U", "name": "JKO S&P GSCI Soybeans ER Futures ETF", "exchange": "TAI", "country": "TW", "assetType": "etf" }, "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": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 52.323, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "up", "architecture_direction": 38.991, "architecture_energy": 32.819, "architecture_maturity": 11.532, "architecture_confidence": 48.142, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 42.91, "rotation_up": 62.57, "upward_expansion": 67.53, "deceleration": 60.01, "rotation_down": 9.42, "downward_expansion": 10.86 }, "activity_lines": [ 21.974667, 21.694728, 21.686477, 21.736904 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 21.65, "trend_reference": 21.624334, "distance_from_trend": 0.001187, "trend_direction": "Improving", "fair_value": 22.306731, "distance_from_fair_value": -0.029441, "fair_value_direction": "Weakening", "relative_strength": -25.567422, "relative_strength_direction": "Improving", "price_momentum": 0.063359, "excess_performance": -0.315952, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001187, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004444, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.029441, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.001088, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.255674, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045826, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.063359, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.505619, "read": "Demand-led" } ], "volume": { "latest": 1900100, "relative_activity": 0.409867, "balance": 1.505619, "dry_up": 0.979029, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.028708, "annualized_volatility": 0.18332, "from_high_reference": -0.07201, "from_low_reference": 0.128192 }, "levels": { "trend_reference": 21.624334, "fair_value_reference": 22.306731, "structural_low": 20.120001, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.017813, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.029258, "regime_survival": 0.333333, "best_return": 0.16845, "worst_return": -0.049435, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.014929, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": 0.034434, "regime_survival": 0.0, "best_return": 0.276408, "worst_return": -0.064501, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.005357, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.086614, "regime_survival": 0.25, "best_return": 0.081433, "worst_return": -0.085217, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.00612, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.359837, "regime_survival": 0.0, "best_return": 0.256864, "worst_return": -0.180813, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-06-21", "tenure": "Developing", "return": -0.075654, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2025-01-24", "tenure": "Extended", "return": -0.063269, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.049435, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-08-01", "tenure": "Established", "return": -0.030592, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.06279, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-24", "tenure": "Developing", "return": -0.012646, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-12-19", "tenure": "Developing", "return": -0.056127, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.022782, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": 0.079724, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-04-10", "tenure": "Developing", "return": -0.008993, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-05-22", "tenure": "Developing", "return": 0.01005, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.066306, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": 0.092601, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.009607, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 28.040001, "volume": 604020, "typical_volume": 671285.3, "trend": 26.690667, "fair_value": 23.046603, "relative_strength": -3.722022, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.490033, "energy": 72.437488, "activity_lines": [ 28.62, 28.076364, 27.066619, 26.841699 ] }, { "date": "2023-08-11", "close": 27.799999, "volume": 575036, "typical_volume": 678732.1, "trend": 26.739333, "fair_value": 23.134423, "relative_strength": -3.121996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.685002, "energy": 49.542862, "activity_lines": [ 28.365333, 28.155091, 27.183809, 26.913269 ] }, { "date": "2023-08-18", "close": 28.299999, "volume": 677205, "typical_volume": 696642.35, "trend": 26.782667, "fair_value": 23.226667, "relative_strength": -0.087678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.360529, "energy": 42.799761, "activity_lines": [ 28.285333, 28.259091, 27.336714, 27.013957 ] }, { "date": "2023-08-25", "close": 28.83, "volume": 668034, "typical_volume": 720344.05, "trend": 26.843333, "fair_value": 23.32359, "relative_strength": 1.03783, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.813092, "energy": 40.672761, "activity_lines": [ 28.399333, 28.397091, 27.530143, 27.146043 ] }, { "date": "2023-09-01", "close": 28.940001, "volume": 570194, "typical_volume": 735003.75, "trend": 26.910333, "fair_value": 23.419038, "relative_strength": 0.374362, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.498002, "energy": 42.72423, "activity_lines": [ 28.570667, 28.522182, 27.723429, 27.281312 ] }, { "date": "2023-09-08", "close": 28.42, "volume": 154000, "typical_volume": 730703.75, "trend": 26.960667, "fair_value": 23.510192, "relative_strength": -1.003417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.549793, "energy": 40.506368, "activity_lines": [ 28.583333, 28.536364, 27.856619, 27.37871 ] }, { "date": "2023-09-15", "close": 28.719999, "volume": 184001, "typical_volume": 725653.8, "trend": 27.012333, "fair_value": 23.599551, "relative_strength": -1.96492, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.180055, "energy": 46.836578, "activity_lines": [ 28.670666, 28.574363, 28.010095, 27.492215 ] }, { "date": "2023-09-22", "close": 27.32, "volume": 352000, "typical_volume": 732103.8, "trend": 27.013, "fair_value": 23.677436, "relative_strength": -3.309528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.866046, "energy": 24.890626, "activity_lines": [ 28.23, 28.343273, 28.01619, 27.512064 ] }, { "date": "2023-09-29", "close": 27.4, "volume": 211000, "typical_volume": 732153.3, "trend": 27.027667, "fair_value": 23.754679, "relative_strength": -2.867371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.212285, "energy": 19.583929, "activity_lines": [ 27.881333, 28.149273, 28.023333, 27.537032 ] }, { "date": "2023-10-06", "close": 26.959999, "volume": 232037, "typical_volume": 710303.2, "trend": 27.025, "fair_value": 23.822949, "relative_strength": -5.090226, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.624593, "energy": 19.120188, "activity_lines": [ 27.481333, 27.906909, 27.980524, 27.532667 ] }, { "date": "2023-10-13", "close": 27.129999, "volume": 326000, "typical_volume": 681650.15, "trend": 27.040333, "fair_value": 23.896987, "relative_strength": -5.787494, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.622175, "energy": 25.953959, "activity_lines": [ 27.269999, 27.735454, 27.942143, 27.539441 ] }, { "date": "2023-10-20", "close": 27.559999, "volume": 376004, "typical_volume": 660734.2, "trend": 27.115666, "fair_value": 23.974872, "relative_strength": -2.010386, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.219637, "energy": 21.748574, "activity_lines": [ 27.287999, 27.658727, 27.931238, 27.572967 ] }, { "date": "2023-10-27", "close": 27.0, "volume": 196000, "typical_volume": 642375.15, "trend": 27.142, "fair_value": 24.042885, "relative_strength": -1.850675, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.52722, "energy": 30.28225, "activity_lines": [ 27.196666, 27.484545, 27.850952, 27.565505 ] }, { "date": "2023-11-03", "close": 27.57, "volume": 255000, "typical_volume": 533722.25, "trend": 27.174333, "fair_value": 24.114808, "relative_strength": -1.717365, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.784233, "energy": 17.476677, "activity_lines": [ 27.316666, 27.437636, 27.814809, 27.593118 ] }, { "date": "2023-11-10", "close": 27.74, "volume": 632085, "typical_volume": 498570.9, "trend": 27.208333, "fair_value": 24.186474, "relative_strength": -1.757981, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.54889, "energy": 11.414566, "activity_lines": [ 27.482, 27.444545, 27.792238, 27.629613 ] }, { "date": "2023-11-17", "close": 27.93, "volume": 346135, "typical_volume": 476057.65, "trend": 27.25, "fair_value": 24.261218, "relative_strength": -3.869462, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.550627, "energy": 14.828044, "activity_lines": [ 27.658667, 27.507818, 27.78919, 27.676172 ] }, { "date": "2023-11-24", "close": 27.91, "volume": 146035, "typical_volume": 442008.95, "trend": 27.321333, "fair_value": 24.331026, "relative_strength": -4.21321, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.426126, "energy": 21.925181, "activity_lines": [ 27.775333, 27.576363, 27.778524, 27.718752 ] }, { "date": "2023-12-01", "close": 27.389999, "volume": 165000, "typical_volume": 403142.2, "trend": 27.369666, "fair_value": 24.393782, "relative_strength": -6.627057, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.612003, "energy": 11.920099, "activity_lines": [ 27.695333, 27.565091, 27.718381, 27.723183 ] }, { "date": "2023-12-08", "close": 27.139999, "volume": 368000, "typical_volume": 383739.3, "trend": 27.417333, "fair_value": 24.450256, "relative_strength": -7.029003, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.427386, "energy": 4.81486, "activity_lines": [ 27.505999, 27.50709, 27.64, 27.708365 ] }, { "date": "2023-12-15", "close": 27.1, "volume": 376000, "typical_volume": 370689.3, "trend": 27.504333, "fair_value": 24.507628, "relative_strength": -8.402485, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.172466, "energy": 23.724524, "activity_lines": [ 27.332, 27.446545, 27.567333, 27.687892 ] }, { "date": "2023-12-22", "close": 26.459999, "volume": 542000, "typical_volume": 367588.3, "trend": 27.576333, "fair_value": 24.561731, "relative_strength": -9.847095, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.416994, "energy": 56.253556, "activity_lines": [ 26.987333, 27.26709, 27.443523, 27.620516 ] }, { "date": "2023-12-29", "close": 26.6, "volume": 246000, "typical_volume": 351136.5, "trend": 27.656666, "fair_value": 24.617885, "relative_strength": -10.687712, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.47554, "energy": 69.739527, "activity_lines": [ 26.787333, 27.125272, 27.340571, 27.557527 ] }, { "date": "2024-01-05", "close": 25.790001, "volume": 741000, "typical_volume": 354326.25, "trend": 27.687333, "fair_value": 24.663782, "relative_strength": -10.905056, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.342163, "energy": 82.842949, "activity_lines": [ 26.404667, 26.853636, 27.16619, 27.437097 ] }, { "date": "2024-01-12", "close": 25.24, "volume": 566400, "typical_volume": 349244.55, "trend": 27.628, "fair_value": 24.701346, "relative_strength": -12.374584, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.838313, "energy": 91.376589, "activity_lines": [ 25.945333, 26.504, 26.951381, 27.279204 ] }, { "date": "2024-01-19", "close": 24.799999, "volume": 728139, "typical_volume": 357141.8, "trend": 27.52, "fair_value": 24.731474, "relative_strength": -14.303956, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.684623, "energy": 94.50756, "activity_lines": [ 25.466, 26.116727, 26.711762, 27.096752 ] }, { "date": "2024-01-26", "close": 24.92, "volume": 527000, "typical_volume": 375791.8, "trend": 27.459666, "fair_value": 24.757564, "relative_strength": -14.965962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.247339, "energy": 91.326152, "activity_lines": [ 25.18, 25.804727, 26.503285, 26.92901 ] }, { "date": "2024-02-02", "close": 24.440001, "volume": 903197, "typical_volume": 411751.6, "trend": 27.343666, "fair_value": 24.774936, "relative_strength": -16.536206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.425664, "energy": 92.768023, "activity_lines": [ 24.836667, 25.460182, 26.265762, 26.734193 ] }, { "date": "2024-02-09", "close": 24.27, "volume": 112000, "typical_volume": 399751.6, "trend": 27.200666, "fair_value": 24.79859, "relative_strength": -16.902547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.498256, "energy": 91.799268, "activity_lines": [ 24.580667, 25.147818, 26.032428, 26.535892 ] }, { "date": "2024-02-16", "close": 23.65, "volume": 728010, "typical_volume": 425602.1, "trend": 27.017666, "fair_value": 24.817308, "relative_strength": -20.792929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.234934, "energy": 94.313887, "activity_lines": [ 24.219333, 24.779455, 25.754571, 26.306817 ] }, { "date": "2024-02-23", "close": 23.379999, "volume": 1123000, "typical_volume": 470150.25, "trend": 26.825, "fair_value": 24.833333, "relative_strength": -22.379329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.65615, "energy": 94.120853, "activity_lines": [ 23.874, 24.425454, 25.468857, 26.072129 ] }, { "date": "2024-03-01", "close": 23.209999, "volume": 1201000, "typical_volume": 513900.25, "trend": 26.664, "fair_value": 24.847628, "relative_strength": -22.666149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.964491, "energy": 92.952303, "activity_lines": [ 23.566666, 24.108182, 25.184, 25.838903 ] }, { "date": "2024-03-08", "close": 23.709999, "volume": 1190000, "typical_volume": 554600.05, "trend": 26.527666, "fair_value": 24.863397, "relative_strength": -23.890045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.307493, "energy": 84.754754, "activity_lines": [ 23.539999, 23.940909, 24.965428, 25.648322 ] }, { "date": "2024-03-15", "close": 24.209999, "volume": 1305291, "typical_volume": 610064.6, "trend": 26.391333, "fair_value": 24.880192, "relative_strength": -21.403043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.313416, "energy": 66.250064, "activity_lines": [ 23.728666, 23.91709, 24.812809, 25.498795 ] }, { "date": "2024-03-22", "close": 24.34, "volume": 1500051, "typical_volume": 672317.15, "trend": 26.241666, "fair_value": 24.898526, "relative_strength": -22.746707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.732962, "energy": 57.516855, "activity_lines": [ 23.964666, 23.945636, 24.685857, 25.366451 ] }, { "date": "2024-03-29", "close": 24.18, "volume": 941000, "typical_volume": 687762.9, "trend": 26.083, "fair_value": 24.917372, "relative_strength": -23.066978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.964082, "energy": 46.087715, "activity_lines": [ 24.101333, 23.961454, 24.559047, 25.233441 ] }, { "date": "2024-04-05", "close": 23.809999, "volume": 549007, "typical_volume": 697906.5, "trend": 25.929333, "fair_value": 24.932179, "relative_strength": -23.92417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.234988, "energy": 43.747097, "activity_lines": [ 24.061333, 23.921272, 24.413952, 25.086795 ] }, { "date": "2024-04-12", "close": 23.469999, "volume": 1267101, "typical_volume": 753959.8, "trend": 25.754333, "fair_value": 24.942372, "relative_strength": -25.948438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.005395, "energy": 51.32728, "activity_lines": [ 23.867999, 23.839454, 24.256095, 24.928129 ] }, { "date": "2024-04-19", "close": 23.23, "volume": 1134001, "typical_volume": 802409.85, "trend": 25.618, "fair_value": 24.953782, "relative_strength": -21.653144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.267994, "energy": 62.250127, "activity_lines": [ 23.610666, 23.731636, 24.096523, 24.765268 ] }, { "date": "2024-04-26", "close": 23.73, "volume": 1160000, "typical_volume": 842009.85, "trend": 25.495666, "fair_value": 24.967244, "relative_strength": -21.857301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.689742, "energy": 56.557266, "activity_lines": [ 23.585333, 23.733636, 24.004381, 24.643462 ] }, { "date": "2024-05-03", "close": 24.24, "volume": 1447000, "typical_volume": 895559.85, "trend": 25.405, "fair_value": 24.974551, "relative_strength": -20.528012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.330546, "energy": 47.839738, "activity_lines": [ 23.770666, 23.826909, 23.977047, 24.562451 ] }, { "date": "2024-05-10", "close": 24.299999, "volume": 2978110, "typical_volume": 1017365.35, "trend": 25.310666, "fair_value": 24.98282, "relative_strength": -21.298183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.740963, "energy": 29.50389, "activity_lines": [ 23.972, 23.915454, 23.969047, 24.491161 ] }, { "date": "2024-05-17", "close": 24.559999, "volume": 2273000, "typical_volume": 1118715.35, "trend": 25.210666, "fair_value": 24.985833, "relative_strength": -22.15245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.216302, "energy": 18.08042, "activity_lines": [ 24.227333, 24.031454, 23.996095, 24.442731 ] }, { "date": "2024-05-24", "close": 24.85, "volume": 2297000, "typical_volume": 1196515.35, "trend": 25.139, "fair_value": 24.990128, "relative_strength": -22.030794, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.254072, "energy": 23.830989, "activity_lines": [ 24.506666, 24.184727, 24.060476, 24.419462 ] }, { "date": "2024-05-31", "close": 24.370001, "volume": 1090000, "typical_volume": 1222695.35, "trend": 25.032333, "fair_value": 24.998077, "relative_strength": -21.822346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.845349, "energy": 20.681406, "activity_lines": [ 24.518, 24.239091, 24.083619, 24.369849 ] }, { "date": "2024-06-07", "close": 23.99, "volume": 1167004, "typical_volume": 1244638.6, "trend": 24.907333, "fair_value": 25.001987, "relative_strength": -25.08291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.45272, "energy": 16.23331, "activity_lines": [ 24.36, 24.223818, 24.074714, 24.302602 ] }, { "date": "2024-06-14", "close": 23.690001, "volume": 991000, "typical_volume": 1267838.6, "trend": 24.766, "fair_value": 25.002692, "relative_strength": -27.660014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.86542, "energy": 18.911604, "activity_lines": [ 24.118667, 24.157455, 24.041095, 24.224064 ] }, { "date": "2024-06-21", "close": 22.969999, "volume": 1826042, "typical_volume": 1313980.85, "trend": 24.601333, "fair_value": 24.998333, "relative_strength": -31.535853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.650368, "energy": 44.152404, "activity_lines": [ 23.678, 23.962364, 23.944762, 24.108193 ] }, { "date": "2024-06-28", "close": 22.76, "volume": 1703250, "typical_volume": 1393543.35, "trend": 24.447, "fair_value": 25.012628, "relative_strength": -30.965695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.13748, "energy": 72.263303, "activity_lines": [ 23.273333, 23.738182, 23.835428, 23.989398 ] }, { "date": "2024-07-05", "close": 23.059999, "volume": 1080632, "typical_volume": 1411174.45, "trend": 24.311, "fair_value": 25.026346, "relative_strength": -30.96664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.868491, "energy": 75.159058, "activity_lines": [ 23.108, 23.577091, 23.761857, 23.899914 ] }, { "date": "2024-07-12", "close": 21.959999, "volume": 2394020, "typical_volume": 1474725.45, "trend": 24.139666, "fair_value": 25.021602, "relative_strength": -34.598879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.994886, "energy": 89.045855, "activity_lines": [ 22.663333, 23.228181, 23.586333, 23.748236 ] }, { "date": "2024-07-19", "close": 21.52, "volume": 1795046, "typical_volume": 1504427.75, "trend": 23.975, "fair_value": 25.021602, "relative_strength": -32.258684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.885705, "energy": 94.032955, "activity_lines": [ 22.207333, 22.840727, 23.375666, 23.579225 ] }, { "date": "2024-07-26", "close": 22.16, "volume": 799000, "typical_volume": 1484877.75, "trend": 23.827, "fair_value": 25.02032, "relative_strength": -27.188826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.258659, "energy": 84.768622, "activity_lines": [ 22.109333, 22.620182, 23.234, 23.462129 ] }, { "date": "2024-08-02", "close": 20.969999, "volume": 1626337, "typical_volume": 1500930.05, "trend": 23.666333, "fair_value": 25.014038, "relative_strength": -28.875337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.155227, "energy": 94.237808, "activity_lines": [ 21.668666, 22.226909, 22.986381, 23.277806 ] }, { "date": "2024-08-09", "close": 20.84, "volume": 1382100, "typical_volume": 1495032.5, "trend": 23.519666, "fair_value": 25.004936, "relative_strength": -28.04474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.347685, "energy": 92.572336, "activity_lines": [ 21.304, 21.880545, 22.741809, 23.095462 ] }, { "date": "2024-08-16", "close": 19.85, "volume": 2154271, "typical_volume": 1555696.05, "trend": 23.354666, "fair_value": 24.994615, "relative_strength": -33.365256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.850327, "energy": 93.809185, "activity_lines": [ 20.757333, 21.418363, 22.419619, 22.858709 ] }, { "date": "2024-08-23", "close": 19.809999, "volume": 1892250, "typical_volume": 1622858.2, "trend": 23.184333, "fair_value": 24.983141, "relative_strength": -32.087526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.215045, "energy": 93.461724, "activity_lines": [ 20.338, 21.024181, 22.114238, 22.630021 ] }, { "date": "2024-08-30", "close": 20.57, "volume": 1475040, "typical_volume": 1633255.15, "trend": 23.055333, "fair_value": 24.977564, "relative_strength": -28.985172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.761355, "energy": 84.850998, "activity_lines": [ 20.286, 20.838727, 21.900285, 22.461355 ] }, { "date": "2024-09-06", "close": 20.82, "volume": 1178600, "typical_volume": 1635485.1, "trend": 22.940333, "fair_value": 24.974231, "relative_strength": -24.499555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.275537, "energy": 66.310206, "activity_lines": [ 20.423333, 20.742363, 21.723952, 22.317139 ] }, { "date": "2024-09-13", "close": 20.700001, "volume": 937000, "typical_volume": 1624335.1, "trend": 22.842, "fair_value": 24.973654, "relative_strength": -25.220111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.265748, "energy": 62.023331, "activity_lines": [ 20.530667, 20.659455, 21.547667, 22.172602 ] }, { "date": "2024-09-20", "close": 20.75, "volume": 736015, "typical_volume": 1588785.85, "trend": 22.754333, "fair_value": 24.975128, "relative_strength": -25.564644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.751008, "energy": 49.276056, "activity_lines": [ 20.664, 20.628545, 21.390571, 22.037634 ] }, { "date": "2024-09-27", "close": 21.290001, "volume": 2879681, "typical_volume": 1583864.4, "trend": 22.690333, "fair_value": 24.97859, "relative_strength": -24.995911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.924306, "energy": 36.82593, "activity_lines": [ 20.917334, 20.717818, 21.301524, 21.943161 ] }, { "date": "2024-10-04", "close": 21.43, "volume": 683000, "typical_volume": 1504364.4, "trend": 22.614333, "fair_value": 24.982949, "relative_strength": -21.93216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.778359, "energy": 28.119193, "activity_lines": [ 21.118667, 20.836727, 21.240143, 21.861849 ] }, { "date": "2024-10-11", "close": 20.799999, "volume": 1251015, "typical_volume": 1452065.15, "trend": 22.500666, "fair_value": 24.986859, "relative_strength": -25.383034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.349913, "energy": 27.749948, "activity_lines": [ 21.052667, 20.854364, 21.133667, 21.744796 ] }, { "date": "2024-10-18", "close": 20.120001, "volume": 1871579, "typical_volume": 1491144.1, "trend": 22.36, "fair_value": 24.985385, "relative_strength": -28.698705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.106965, "energy": 40.149692, "activity_lines": [ 20.761334, 20.751455, 20.981714, 21.591204 ] }, { "date": "2024-10-25", "close": 20.16, "volume": 1600000, "typical_volume": 1512793.9, "trend": 22.226, "fair_value": 24.989615, "relative_strength": -27.188179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.484896, "energy": 51.214845, "activity_lines": [ 20.522, 20.668909, 20.85381, 21.449269 ] }, { "date": "2024-11-01", "close": 20.139999, "volume": 951002, "typical_volume": 1510794.0, "trend": 22.103666, "fair_value": 24.991602, "relative_strength": -24.482936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.680945, "energy": 67.090332, "activity_lines": [ 20.315333, 20.577091, 20.742238, 21.314688 ] }, { "date": "2024-11-08", "close": 20.51, "volume": 1374635, "typical_volume": 1488223.65, "trend": 22.005, "fair_value": 24.994936, "relative_strength": -24.64168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.650763, "energy": 58.777804, "activity_lines": [ 20.308666, 20.546545, 20.682809, 21.211871 ] }, { "date": "2024-11-15", "close": 19.969999, "volume": 1816000, "typical_volume": 1493861.15, "trend": 21.896333, "fair_value": 24.997692, "relative_strength": -23.054955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.214001, "energy": 65.889141, "activity_lines": [ 20.183333, 20.418909, 20.583667, 21.08058 ] }, { "date": "2024-11-22", "close": 19.75, "volume": 1038010, "typical_volume": 1491730.05, "trend": 21.763666, "fair_value": 24.998333, "relative_strength": -23.469284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.473097, "energy": 58.328219, "activity_lines": [ 20.04, 20.266727, 20.476857, 20.942107 ] }, { "date": "2024-11-29", "close": 19.93, "volume": 683020, "typical_volume": 1406180.05, "trend": 21.62, "fair_value": 24.995513, "relative_strength": -19.618644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.862779, "energy": 52.889751, "activity_lines": [ 19.981333, 20.164545, 20.402952, 20.823806 ] }, { "date": "2024-12-06", "close": 19.940001, "volume": 573000, "typical_volume": 1345077.75, "trend": 21.474667, "fair_value": 24.994872, "relative_strength": -21.85924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.320793, "energy": 53.044173, "activity_lines": [ 19.941334, 20.079091, 20.339667, 20.715419 ] }, { "date": "2024-12-13", "close": 19.959999, "volume": 699010, "typical_volume": 1340078.25, "trend": 21.321333, "fair_value": 24.994743, "relative_strength": -20.265191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.129245, "energy": 50.181685, "activity_lines": [ 19.921333, 20.021818, 20.285809, 20.617699 ] }, { "date": "2024-12-20", "close": 19.370001, "volume": 1768050, "typical_volume": 1347163.9, "trend": 21.138667, "fair_value": 24.989743, "relative_strength": -19.957714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.850135, "energy": 54.871857, "activity_lines": [ 19.741334, 19.884, 20.186238, 20.491806 ] }, { "date": "2024-12-27", "close": 19.950001, "volume": 910021, "typical_volume": 1323559.95, "trend": 20.991333, "fair_value": 24.988269, "relative_strength": -19.368596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.072574, "energy": 44.763499, "activity_lines": [ 19.794667, 19.877637, 20.149524, 20.415118 ] }, { "date": "2025-01-03", "close": 20.33, "volume": 1509577, "typical_volume": 1291325.25, "trend": 20.869333, "fair_value": 24.984679, "relative_strength": -15.622601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.513319, "energy": 30.194461, "activity_lines": [ 19.961334, 19.943455, 20.153238, 20.372452 ] }, { "date": "2025-01-10", "close": 20.049999, "volume": 1221070, "typical_volume": 1257766.25, "trend": 20.748, "fair_value": 24.974872, "relative_strength": -16.286832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.635878, "energy": 25.514184, "activity_lines": [ 20.008, 19.955273, 20.128, 20.319591 ] }, { "date": "2025-01-17", "close": 20.530001, "volume": 3652005, "typical_volume": 1366614.5, "trend": 20.666667, "fair_value": 24.966731, "relative_strength": -13.967387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.132739, "energy": 15.607645, "activity_lines": [ 20.207334, 20.056, 20.147333, 20.305527 ] }, { "date": "2025-01-24", "close": 21.32, "volume": 1638000, "typical_volume": 1389584.5, "trend": 20.618667, "fair_value": 24.965641, "relative_strength": -11.297936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.290865, "energy": 32.570749, "activity_lines": [ 20.632, 20.3, 20.242095, 20.347677 ] }, { "date": "2025-02-07", "close": 21.24, "volume": 2733075, "typical_volume": 1479388.25, "trend": 20.558, "fair_value": 24.959359, "relative_strength": -10.699296, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.427774, "energy": 44.134495, "activity_lines": [ 20.9, 20.504909, 20.326857, 20.387763 ] }, { "date": "2025-02-14", "close": 20.65, "volume": 1816350, "typical_volume": 1533405.0, "trend": 20.514333, "fair_value": 24.950769, "relative_strength": -11.201365, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.611097, "energy": 42.218646, "activity_lines": [ 20.885333, 20.575455, 20.352857, 20.393699 ] }, { "date": "2025-02-21", "close": 20.98, "volume": 1719108, "typical_volume": 1475376.35, "trend": 20.496333, "fair_value": 24.925705, "relative_strength": -11.32147, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.431428, "energy": 52.492009, "activity_lines": [ 20.959333, 20.692909, 20.410762, 20.423742 ] }, { "date": "2025-02-28", "close": 20.559999, "volume": 1290500, "typical_volume": 1505751.35, "trend": 20.443, "fair_value": 24.896538, "relative_strength": -9.943537, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.033311, "energy": 30.768672, "activity_lines": [ 20.831333, 20.715091, 20.430143, 20.427849 ] }, { "date": "2025-03-07", "close": 20.190001, "volume": 3133261, "typical_volume": 1599863.65, "trend": 20.417, "fair_value": 24.856923, "relative_strength": -9.110334, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.558799, "energy": 4.481414, "activity_lines": [ 20.578, 20.659091, 20.418429, 20.411527 ] }, { "date": "2025-03-14", "close": 19.940001, "volume": 1527010, "typical_volume": 1582635.2, "trend": 20.387, "fair_value": 24.815064, "relative_strength": -7.22424, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.365967, "energy": 15.328395, "activity_lines": [ 20.316667, 20.542727, 20.38581, 20.380753 ] }, { "date": "2025-03-21", "close": 19.91, "volume": 683048, "typical_volume": 1536787.6, "trend": 20.389, "fair_value": 24.772115, "relative_strength": -7.764546, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.296069, "energy": 23.917865, "activity_lines": [ 20.132, 20.421091, 20.351191, 20.349979 ] }, { "date": "2025-03-28", "close": 20.040001, "volume": 1676100, "typical_volume": 1573042.5, "trend": 20.396667, "fair_value": 24.729936, "relative_strength": -4.033831, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.196008, "energy": 30.76956, "activity_lines": [ 20.040001, 20.330728, 20.330143, 20.327463 ] }, { "date": "2025-04-04", "close": 20.379999, "volume": 1782034, "typical_volume": 1593412.45, "trend": 20.390333, "fair_value": 24.687628, "relative_strength": -0.545472, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.381839, "energy": 28.098828, "activity_lines": [ 20.124, 20.302364, 20.341953, 20.326387 ] }, { "date": "2025-04-11", "close": 20.129999, "volume": 3916160, "typical_volume": 1698420.45, "trend": 20.367333, "fair_value": 24.652949, "relative_strength": 7.435831, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.606909, "energy": 23.541969, "activity_lines": [ 20.136666, 20.231273, 20.330571, 20.309591 ] }, { "date": "2025-04-18", "close": 20.25, "volume": 1892162, "typical_volume": 1741128.05, "trend": 20.352333, "fair_value": 24.614487, "relative_strength": 9.013241, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.401829, "energy": 16.78287, "activity_lines": [ 20.193333, 20.203636, 20.329857, 20.302022 ] }, { "date": "2025-04-25", "close": 20.700001, "volume": 5382301, "typical_volume": 1976092.1, "trend": 20.350667, "fair_value": 24.574487, "relative_strength": 9.081221, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.150093, "energy": 10.763612, "activity_lines": [ 20.379333, 20.275818, 20.369619, 20.324452 ] }, { "date": "2025-05-02", "close": 20.360001, "volume": 2552443, "typical_volume": 2075064.25, "trend": 20.319667, "fair_value": 24.529167, "relative_strength": 2.982214, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.00644, "energy": 10.00209, "activity_lines": [ 20.399334, 20.285273, 20.373334, 20.325054 ] }, { "date": "2025-05-09", "close": 19.870001, "volume": 3392437, "typical_volume": 2209735.6, "trend": 20.267667, "fair_value": 24.481602, "relative_strength": 0.383331, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.590757, "energy": 5.405628, "activity_lines": [ 20.234667, 20.21691, 20.328381, 20.296043 ] }, { "date": "2025-05-16", "close": 20.1, "volume": 2939422, "typical_volume": 2268304.2, "trend": 20.244333, "fair_value": 24.441026, "relative_strength": -2.268854, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.87654, "energy": 6.34183, "activity_lines": [ 20.180667, 20.202909, 20.305762, 20.285226 ] }, { "date": "2025-05-23", "close": 20.370001, "volume": 1085002, "typical_volume": 2277053.25, "trend": 20.252667, "fair_value": 24.402949, "relative_strength": 0.359442, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.355483, "energy": 5.814257, "activity_lines": [ 20.218667, 20.239637, 20.305381, 20.293334 ] }, { "date": "2025-05-30", "close": 20.02, "volume": 392000, "typical_volume": 2221174.4, "trend": 20.248, "fair_value": 24.356538, "relative_strength": 0.486176, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.939262, "energy": 19.353617, "activity_lines": [ 20.132, 20.20491, 20.269667, 20.278323 ] }, { "date": "2025-06-06", "close": 20.08, "volume": 1529500, "typical_volume": 2236595.9, "trend": 20.246, "fair_value": 24.306923, "relative_strength": -0.210343, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.213001, "energy": 18.25048, "activity_lines": [ 20.110667, 20.179091, 20.241143, 20.267484 ] }, { "date": "2025-06-13", "close": 19.98, "volume": 1019012, "typical_volume": 2104946.25, "trend": 20.228334, "fair_value": 24.260577, "relative_strength": -2.172429, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.77894, "energy": 22.800773, "activity_lines": [ 20.074667, 20.134364, 20.202953, 20.250323 ] }, { "date": "2025-06-20", "close": 20.66, "volume": 3026679, "typical_volume": 2174380.2, "trend": 20.251334, "fair_value": 24.210961, "relative_strength": 1.525654, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.191912, "energy": 6.222884, "activity_lines": [ 20.258, 20.220546, 20.232143, 20.278172 ] }, { "date": "2025-06-27", "close": 19.639999, "volume": 2953679, "typical_volume": 2185410.4, "trend": 20.247667, "fair_value": 24.158526, "relative_strength": -5.538399, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.159216, "energy": 29.245832, "activity_lines": [ 20.064, 20.111636, 20.167333, 20.238731 ] }, { "date": "2025-07-04", "close": 20.190001, "volume": 1099105, "typical_volume": 2149548.15, "trend": 20.256334, "fair_value": 24.126282, "relative_strength": -2.56405, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.854655, "energy": 19.666973, "activity_lines": [ 20.102, 20.113818, 20.162524, 20.235011 ] }, { "date": "2025-07-11", "close": 19.68, "volume": 2567044, "typical_volume": 2191944.95, "trend": 20.247667, "fair_value": 24.08609, "relative_strength": -5.650044, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.57431, "energy": 31.642741, "activity_lines": [ 19.958667, 20.032546, 20.111334, 20.197828 ] }, { "date": "2025-07-18", "close": 20.040001, "volume": 2070177, "typical_volume": 2230928.8, "trend": 20.250334, "fair_value": 24.056474, "relative_strength": -6.40123, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.303076, "energy": 39.23292, "activity_lines": [ 19.962, 20.029091, 20.100619, 20.18443 ] }, { "date": "2025-07-25", "close": 19.879999, "volume": 1931525, "typical_volume": 2170842.0, "trend": 20.267333, "fair_value": 24.028526, "relative_strength": -6.897776, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.837686, "energy": 32.597714, "activity_lines": [ 19.908, 19.993455, 20.077143, 20.160538 ] }, { "date": "2025-08-01", "close": 19.33, "volume": 10142100, "typical_volume": 2601596.5, "trend": 20.246667, "fair_value": 24.003461, "relative_strength": -9.406554, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.342898, "energy": 56.228751, "activity_lines": [ 19.722667, 19.861818, 20.002762, 20.100065 ] }, { "date": "2025-08-08", "close": 19.43, "volume": 5051066, "typical_volume": 2819997.4, "trend": 20.216667, "fair_value": 23.961859, "relative_strength": -10.860965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.507798, "energy": 56.822156, "activity_lines": [ 19.591333, 19.767273, 19.94081, 20.047376 ] }, { "date": "2025-08-15", "close": 20.0, "volume": 9448089, "typical_volume": 3208596.85, "trend": 20.215, "fair_value": 23.925961, "relative_strength": -9.140417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.337435, "energy": 42.733945, "activity_lines": [ 19.700667, 19.787091, 19.935429, 20.033398 ] }, { "date": "2025-08-22", "close": 20.65, "volume": 4481340, "typical_volume": 3343562.15, "trend": 20.219, "fair_value": 23.891859, "relative_strength": -3.898033, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.22927, "energy": 8.346861, "activity_lines": [ 20.005333, 19.926545, 19.992143, 20.061462 ] }, { "date": "2025-08-29", "close": 20.559999, "volume": 12873250, "typical_volume": 3791416.65, "trend": 20.193667, "fair_value": 23.861987, "relative_strength": -6.076138, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.711077, "energy": 14.889677, "activity_lines": [ 20.239333, 20.037454, 20.039, 20.083462 ] }, { "date": "2025-09-05", "close": 20.129999, "volume": 6618146, "typical_volume": 4027715.85, "trend": 20.156667, "fair_value": 23.825449, "relative_strength": -8.82432, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.68771, "energy": 19.90124, "activity_lines": [ 20.284666, 20.072, 20.042857, 20.079355 ] }, { "date": "2025-09-12", "close": 20.23, "volume": 8246000, "typical_volume": 4170900.8, "trend": 20.142667, "fair_value": 23.7925, "relative_strength": -11.56221, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.606891, "energy": 20.500832, "activity_lines": [ 20.31, 20.115818, 20.056809, 20.084086 ] }, { "date": "2025-09-19", "close": 20.370001, "volume": 9344050, "typical_volume": 4510481.15, "trend": 20.122333, "fair_value": 23.761602, "relative_strength": -11.01606, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.132168, "energy": 26.061295, "activity_lines": [ 20.328667, 20.184364, 20.086333, 20.098753 ] }, { "date": "2025-09-26", "close": 19.799999, "volume": 7871000, "typical_volume": 4734409.3, "trend": 20.097, "fair_value": 23.719872, "relative_strength": -13.209848, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.207782, "energy": 6.672261, "activity_lines": [ 20.132666, 20.136727, 20.061524, 20.077957 ] }, { "date": "2025-10-03", "close": 20.0, "volume": 7833102, "typical_volume": 4979093.3, "trend": 20.090667, "fair_value": 23.678526, "relative_strength": -15.864666, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.585983, "energy": 7.553096, "activity_lines": [ 20.06, 20.129818, 20.056095, 20.071699 ] }, { "date": "2025-10-10", "close": 20.07, "volume": 2517010, "typical_volume": 5050693.7, "trend": 20.095, "fair_value": 23.642179, "relative_strength": -16.836308, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.229455, "energy": 9.327294, "activity_lines": [ 20.048, 20.133454, 20.057809, 20.070366 ] }, { "date": "2025-10-17", "close": 19.879999, "volume": 10228000, "typical_volume": 5542493.7, "trend": 20.094, "fair_value": 23.611346, "relative_strength": -17.300952, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.968808, "energy": 23.745768, "activity_lines": [ 19.976666, 20.089091, 20.042857, 20.056495 ] }, { "date": "2025-10-24", "close": 20.299999, "volume": 9286011, "typical_volume": 5930319.25, "trend": 20.102667, "fair_value": 23.577884, "relative_strength": -16.040098, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.364574, "energy": 2.612991, "activity_lines": [ 20.068666, 20.112909, 20.068571, 20.069785 ] }, { "date": "2025-10-31", "close": 21.379999, "volume": 47959501, "typical_volume": 8277343.7, "trend": 20.136, "fair_value": 23.552884, "relative_strength": -13.568106, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.215984, "energy": 59.566249, "activity_lines": [ 20.525333, 20.327636, 20.196095, 20.152193 ] }, { "date": "2025-11-07", "close": 21.4, "volume": 26149210, "typical_volume": 9433470.25, "trend": 20.178333, "fair_value": 23.529038, "relative_strength": -11.452386, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.200125, "energy": 73.543206, "activity_lines": [ 20.883333, 20.532727, 20.318857, 20.233742 ] }, { "date": "2025-11-14", "close": 22.18, "volume": 10983581, "typical_volume": 9834965.35, "trend": 20.242667, "fair_value": 23.503013, "relative_strength": -7.249504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.955594, "energy": 91.658493, "activity_lines": [ 21.408, 20.864363, 20.512381, 20.362881 ] }, { "date": "2025-11-21", "close": 21.559999, "volume": 19907100, "typical_volume": 10775365.1, "trend": 20.271333, "fair_value": 23.475705, "relative_strength": -6.430472, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.710789, "energy": 84.63098, "activity_lines": [ 21.585333, 21.045999, 20.634761, 20.447871 ] }, { "date": "2025-11-28", "close": 21.799999, "volume": 6564000, "typical_volume": 10975212.9, "trend": 20.319333, "fair_value": 23.451602, "relative_strength": -9.323084, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.590252, "energy": 87.682512, "activity_lines": [ 21.730666, 21.24709, 20.773476, 20.546494 ] }, { "date": "2025-12-05", "close": 21.5, "volume": 9999001, "typical_volume": 11371654.1, "trend": 20.373666, "fair_value": 23.424231, "relative_strength": -11.45545, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.448619, "energy": 81.584432, "activity_lines": [ 21.676, 21.367636, 20.873523, 20.622666 ] }, { "date": "2025-12-12", "close": 21.0, "volume": 13291150, "typical_volume": 11939635.35, "trend": 20.403666, "fair_value": 23.394487, "relative_strength": -13.96131, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.400803, "energy": 47.547517, "activity_lines": [ 21.446666, 21.366363, 20.919, 20.663075 ] }, { "date": "2025-12-19", "close": 20.18, "volume": 9236000, "typical_volume": 11894330.35, "trend": 20.397333, "fair_value": 23.35359, "relative_strength": -15.56363, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.867589, "energy": 15.17438, "activity_lines": [ 20.970666, 21.197818, 20.881047, 20.648645 ] }, { "date": "2025-12-26", "close": 20.629999, "volume": 3933000, "typical_volume": 11838427.05, "trend": 20.417666, "fair_value": 23.316474, "relative_strength": -16.020996, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.268572, "energy": 25.802, "activity_lines": [ 20.778, 21.10909, 20.881904, 20.663656 ] }, { "date": "2026-01-02", "close": 19.969999, "volume": 11168000, "typical_volume": 11924422.6, "trend": 20.414, "fair_value": 23.275769, "relative_strength": -20.592623, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.90243, "energy": 25.804181, "activity_lines": [ 20.427333, 20.886727, 20.81419, 20.634774 ] }, { "date": "2026-01-09", "close": 20.389999, "volume": 7014049, "typical_volume": 12051058.05, "trend": 20.427666, "fair_value": 23.231987, "relative_strength": -21.056851, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.578009, "energy": 30.988395, "activity_lines": [ 20.338666, 20.746727, 20.786618, 20.633225 ] }, { "date": "2026-01-16", "close": 20.16, "volume": 8462000, "typical_volume": 11830495.55, "trend": 20.411, "fair_value": 23.192372, "relative_strength": -24.338479, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.395495, "energy": 31.075853, "activity_lines": [ 20.247333, 20.582909, 20.73838, 20.615957 ] }, { "date": "2026-01-23", "close": 20.32, "volume": 4048020, "typical_volume": 11701989.25, "trend": 20.433666, "fair_value": 23.149551, "relative_strength": -24.62794, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.285685, "energy": 28.56904, "activity_lines": [ 20.265333, 20.470727, 20.707285, 20.610086 ] }, { "date": "2026-01-30", "close": 20.360001, "volume": 9144203, "typical_volume": 11746899.4, "trend": 20.439333, "fair_value": 23.106923, "relative_strength": -24.251903, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.340039, "energy": 22.513179, "activity_lines": [ 20.287333, 20.399636, 20.679095, 20.605333 ] }, { "date": "2026-02-06", "close": 21.110001, "volume": 12590348, "typical_volume": 11909214.3, "trend": 20.487, "fair_value": 23.069615, "relative_strength": -20.328102, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 17.294038, "energy": 10.467641, "activity_lines": [ 20.577334, 20.486727, 20.721714, 20.648602 ] }, { "date": "2026-02-13", "close": 21.4, "volume": 5702000, "typical_volume": 11800764.3, "trend": 20.532333, "fair_value": 23.034295, "relative_strength": -23.162237, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 52.856306, "energy": 33.09005, "activity_lines": [ 20.888, 20.639091, 20.788428, 20.707505 ] }, { "date": "2026-02-27", "close": 21.940001, "volume": 7865515, "typical_volume": 11802384.95, "trend": 20.601, "fair_value": 23.000769, "relative_strength": -24.785034, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 68.917243, "energy": 61.264317, "activity_lines": [ 21.311334, 20.891455, 20.898952, 20.798322 ] }, { "date": "2026-03-06", "close": 22.24, "volume": 10458023, "typical_volume": 12199435.6, "trend": 20.698, "fair_value": 22.968333, "relative_strength": -19.204373, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.193673, "energy": 83.758888, "activity_lines": [ 21.716, 21.181273, 21.02881, 20.904064 ] }, { "date": "2026-03-13", "close": 23.16, "volume": 16615559, "typical_volume": 12518813.55, "trend": 20.822333, "fair_value": 22.943974, "relative_strength": -14.959212, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.193057, "energy": 94.718328, "activity_lines": [ 22.299334, 21.600909, 21.235952, 21.062903 ] }, { "date": "2026-03-20", "close": 22.17, "volume": 10503384, "typical_volume": 12579682.2, "trend": 20.894666, "fair_value": 22.912756, "relative_strength": -18.468275, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.908078, "energy": 83.157199, "activity_lines": [ 22.366, 21.794546, 21.333191, 21.149849 ] }, { "date": "2026-03-27", "close": 22.18, "volume": 6550212, "typical_volume": 10509217.75, "trend": 20.945666, "fair_value": 22.883974, "relative_strength": -16.922394, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.294806, "energy": 80.40149, "activity_lines": [ 22.365333, 21.95, 21.422476, 21.232774 ] }, { "date": "2026-04-03", "close": 22.17, "volume": 5106664, "typical_volume": 9457090.45, "trend": 20.999333, "fair_value": 22.86391, "relative_strength": -15.082459, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.882413, "energy": 62.951532, "activity_lines": [ 22.309333, 22.071091, 21.507, 21.311763 ] }, { "date": "2026-04-10", "close": 22.040001, "volume": 5337012, "typical_volume": 9174762.0, "trend": 21.063, "fair_value": 22.837179, "relative_strength": -21.73418, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.316632, "energy": 44.642114, "activity_lines": [ 22.194667, 22.132, 21.575476, 21.378903 ] }, { "date": "2026-04-17", "close": 21.889999, "volume": 5632200, "typical_volume": 8461017.0, "trend": 21.118333, "fair_value": 22.806987, "relative_strength": -24.397957, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.546365, "energy": 32.921808, "activity_lines": [ 22.043333, 22.134364, 21.630333, 21.432258 ] }, { "date": "2026-04-24", "close": 21.780001, "volume": 6866081, "typical_volume": 8476121.05, "trend": 21.165333, "fair_value": 22.77532, "relative_strength": -28.036975, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.564649, "energy": 25.063016, "activity_lines": [ 21.94, 22.088909, 21.673143, 21.474946 ] }, { "date": "2026-05-01", "close": 22.41, "volume": 5411105, "typical_volume": 8246726.25, "trend": 21.252333, "fair_value": 22.747949, "relative_strength": -25.080908, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.201531, "energy": 29.990059, "activity_lines": [ 22.072667, 22.145818, 21.776048, 21.555247 ] }, { "date": "2026-05-08", "close": 22.08, "volume": 8537479, "typical_volume": 8009042.7, "trend": 21.321667, "fair_value": 22.724295, "relative_strength": -30.149983, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.303359, "energy": 25.096981, "activity_lines": [ 22.08, 22.124364, 21.843191, 21.608645 ] }, { "date": "2026-05-15", "close": 22.18, "volume": 8070638, "typical_volume": 7950774.6, "trend": 21.392, "fair_value": 22.700192, "relative_strength": -28.35222, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.363929, "energy": 31.696212, "activity_lines": [ 22.126667, 22.118546, 21.914714, 21.664022 ] }, { "date": "2026-05-22", "close": 22.110001, "volume": 6659971, "typical_volume": 8087123.15, "trend": 21.466333, "fair_value": 22.677115, "relative_strength": -29.715816, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.884187, "energy": 31.810714, "activity_lines": [ 22.140667, 22.101091, 21.970048, 21.710344 ] }, { "date": "2026-05-29", "close": 22.17, "volume": 7176500, "typical_volume": 7887548.15, "trend": 21.528667, "fair_value": 22.662243, "relative_strength": -32.633647, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.817049, "energy": 29.081827, "activity_lines": [ 22.16, 22.113637, 22.024048, 21.755742 ] }, { "date": "2026-06-05", "close": 20.93, "volume": 954001, "typical_volume": 7584545.75, "trend": 21.513667, "fair_value": 22.640641, "relative_strength": -36.087525, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -3.250962, "energy": 7.885722, "activity_lines": [ 21.74, 21.900727, 21.949476, 21.717118 ] }, { "date": "2026-06-12", "close": 20.700001, "volume": 594000, "typical_volume": 7191145.75, "trend": 21.490333, "fair_value": 22.618269, "relative_strength": -34.707021, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -33.522531, "energy": 35.467787, "activity_lines": [ 21.342, 21.668728, 21.850429, 21.664624 ] }, { "date": "2026-06-19", "close": 20.950001, "volume": 2359000, "typical_volume": 7106694.75, "trend": 21.449333, "fair_value": 22.593141, "relative_strength": -36.409984, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.755792, "energy": 55.057169, "activity_lines": [ 21.119334, 21.50891, 21.772619, 21.629764 ] }, { "date": "2026-06-26", "close": 21.040001, "volume": 1526000, "typical_volume": 6725784.6, "trend": 21.432, "fair_value": 22.554808, "relative_strength": -32.573299, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.356469, "energy": 59.518247, "activity_lines": [ 21.008667, 21.385273, 21.700381, 21.603355 ] }, { "date": "2026-07-03", "close": 20.940001, "volume": 239000, "typical_volume": 6108217.2, "trend": 21.403334, "fair_value": 22.509295, "relative_strength": -35.312189, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.080581, "energy": 59.310472, "activity_lines": [ 20.936001, 21.25891, 21.615381, 21.571613 ] }, { "date": "2026-07-10", "close": 21.76, "volume": 3543300, "typical_volume": 6000282.2, "trend": 21.412, "fair_value": 22.477436, "relative_strength": -29.855221, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.422882, "energy": 20.05645, "activity_lines": [ 21.218667, 21.29691, 21.609286, 21.594624 ] }, { "date": "2026-07-17", "close": 21.75, "volume": 3522064, "typical_volume": 5783109.65, "trend": 21.437, "fair_value": 22.437885, "relative_strength": -24.726535, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.880737, "energy": 5.02182, "activity_lines": [ 21.442667, 21.34491, 21.600524, 21.61643 ] }, { "date": "2026-07-24", "close": 22.889999, "volume": 6935032, "typical_volume": 5606960.1, "trend": 21.527334, "fair_value": 22.401538, "relative_strength": -21.827425, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 55.593538, "energy": 39.446135, "activity_lines": [ 21.976667, 21.606182, 21.701238, 21.710172 ] }, { "date": "2026-07-31", "close": 21.860001, "volume": 5797506, "typical_volume": 5066057.45, "trend": 21.568334, "fair_value": 22.354872, "relative_strength": -23.665932, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 34.053654, "energy": 34.264849, "activity_lines": [ 22.038, 21.667273, 21.700762, 21.731635 ] }, { "date": "2026-08-07", "close": 21.65, "volume": 1900100, "typical_volume": 4635893.25, "trend": 21.624334, "fair_value": 22.306731, "relative_strength": -25.567422, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.990887, "energy": 32.819071, "activity_lines": [ 21.974667, 21.694728, 21.686477, 21.736904 ] } ], "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." } } }