{ "ticker": { "uuid": "b9c3b315-515f-4216-9656-1cdbd7ee1f45", "symbol": "ALRS", "name": "Alerus Financial Corp", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.1, "architecture_energy": 67.466, "architecture_maturity": 63.257, "architecture_confidence": 84.457, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 1.38, "rotation_up": 74.55, "upward_expansion": 90.0, "deceleration": 60.53, "rotation_down": 16.5, "downward_expansion": 12.0 }, "activity_lines": [ 32.863333, 32.044622, 30.289046, 28.832132 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 33.23, "trend_reference": 27.129325, "distance_from_trend": 0.224874, "trend_direction": "Improving", "fair_value": 21.05508, "distance_from_fair_value": 0.578241, "fair_value_direction": "Improving", "relative_strength": 17.902326, "relative_strength_direction": "Improving", "price_momentum": 0.303502, "excess_performance": 0.116048, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.224874, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.129979, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.578241, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.236804, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.179023, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.189459, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.303502, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.29435, "read": "Demand-led" } ], "volume": { "latest": 1049892, "relative_activity": 1.063861, "balance": 4.29435, "dry_up": 1.17528, "accumulation_observations": 7, "distribution_observations": 1 }, "risk": { "range_context": 0.054727, "annualized_volatility": 0.200823, "from_high_reference": -0.034012, "from_low_reference": 0.666648 }, "levels": { "trend_reference": 27.129325, "fair_value_reference": 21.05508, "structural_low": 22.772109, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": -0.015747, "positive_rate": 0.473684, "directional_follow_through": 0.473684, "median_excess_return": -0.023916, "regime_survival": 0.631579, "best_return": 0.101296, "worst_return": -0.142816, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.016275, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.04765, "regime_survival": 0.375, "best_return": 0.293028, "worst_return": -0.15167, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.028336, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.037881, "regime_survival": 0.5, "best_return": 0.398093, "worst_return": -0.261728, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.088261, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.075723, "regime_survival": 0.333333, "best_return": 0.251984, "worst_return": -0.312296, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-11-08", "tenure": "Developing", "return": 0.053903, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.120869, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": 0.020281, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.080182, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.103732, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.182796, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.065961, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.105079, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": 0.07377, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-24", "tenure": "Developing", "return": -0.030498, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-12-12", "tenure": "Developing", "return": 0.111742, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": 0.049752, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.106045, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.313985, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.932689, "volume": 111733, "typical_volume": 211841.9, "trend": 15.812678, "fair_value": 21.552413, "relative_strength": -18.361639, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.176292, "energy": 58.667077, "activity_lines": [ 17.317769, 17.053579, 16.272834, 15.866241 ] }, { "date": "2023-08-25", "close": 16.779737, "volume": 82997, "typical_volume": 211490.05, "trend": 15.784352, "fair_value": 21.549368, "relative_strength": -19.819572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.985343, "energy": 40.491824, "activity_lines": [ 17.136625, 17.03264, 16.399891, 15.928632 ] }, { "date": "2023-09-01", "close": 18.129314, "volume": 107685, "typical_volume": 208871.8, "trend": 15.778704, "fair_value": 21.553647, "relative_strength": -15.895446, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.19201, "energy": 44.637586, "activity_lines": [ 17.404141, 17.268529, 16.6437, 16.07992 ] }, { "date": "2023-09-08", "close": 16.185924, "volume": 201877, "typical_volume": 212493.95, "trend": 15.734107, "fair_value": 21.541012, "relative_strength": -23.254209, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.181911, "energy": 25.248383, "activity_lines": [ 16.999868, 17.115578, 16.681972, 16.106192 ] }, { "date": "2023-09-15", "close": 16.92045, "volume": 167141, "typical_volume": 211950.75, "trend": 15.703721, "fair_value": 21.531337, "relative_strength": -18.725694, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.77108, "energy": 23.840867, "activity_lines": [ 16.948403, 17.096012, 16.778747, 16.18273 ] }, { "date": "2023-09-22", "close": 16.120772, "volume": 85238, "typical_volume": 205600.1, "trend": 15.65754, "fair_value": 21.534695, "relative_strength": -19.159416, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.985398, "energy": 16.832229, "activity_lines": [ 16.658786, 16.915078, 16.779791, 16.209637 ] }, { "date": "2023-09-29", "close": 16.520611, "volume": 121266, "typical_volume": 204140.65, "trend": 15.624686, "fair_value": 21.530414, "relative_strength": -16.469681, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.35696, "energy": 20.532936, "activity_lines": [ 16.556577, 16.814243, 16.801074, 16.265319 ] }, { "date": "2023-10-06", "close": 16.12986, "volume": 152906, "typical_volume": 202967.85, "trend": 15.63722, "fair_value": 21.515511, "relative_strength": -19.097186, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.123079, "energy": 13.336262, "activity_lines": [ 16.341392, 16.646747, 16.765909, 16.297911 ] }, { "date": "2023-10-13", "close": 15.884504, "volume": 132222, "typical_volume": 196879.65, "trend": 15.678851, "fair_value": 21.500904, "relative_strength": -19.581767, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.24637, "energy": 13.753064, "activity_lines": [ 16.177719, 16.464451, 16.69335, 16.313865 ] }, { "date": "2023-10-20", "close": 16.066249, "volume": 156895, "typical_volume": 195316.35, "trend": 15.731288, "fair_value": 21.484472, "relative_strength": -15.469063, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.695283, "energy": 13.926919, "activity_lines": [ 16.094722, 16.350125, 16.633382, 16.338858 ] }, { "date": "2023-10-27", "close": 15.76637, "volume": 148082, "typical_volume": 190170.25, "trend": 15.780554, "fair_value": 21.470657, "relative_strength": -14.075923, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.131877, "energy": 18.312125, "activity_lines": [ 15.968713, 16.204554, 16.543977, 16.341121 ] }, { "date": "2023-11-03", "close": 16.375215, "volume": 240661, "typical_volume": 177117.05, "trend": 15.849522, "fair_value": 21.459142, "relative_strength": -15.348889, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.533905, "energy": 11.514914, "activity_lines": [ 16.069278, 16.190888, 16.515651, 16.379487 ] }, { "date": "2023-11-10", "close": 15.902678, "volume": 171924, "typical_volume": 158821.7, "trend": 15.918466, "fair_value": 21.431246, "relative_strength": -19.255886, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.06067, "energy": 8.883553, "activity_lines": [ 16.022024, 16.09866, 16.447247, 16.382916 ] }, { "date": "2023-11-17", "close": 17.293027, "volume": 218195, "typical_volume": 159372.4, "trend": 16.035535, "fair_value": 21.409592, "relative_strength": -13.0587, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.828247, "energy": 17.187356, "activity_lines": [ 16.453365, 16.299708, 16.512562, 16.471597 ] }, { "date": "2023-11-24", "close": 16.92045, "volume": 53186, "typical_volume": 153196.8, "trend": 16.172531, "fair_value": 21.384162, "relative_strength": -14.783462, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.735945, "energy": 21.396618, "activity_lines": [ 16.666613, 16.412886, 16.53708, 16.528689 ] }, { "date": "2023-12-01", "close": 17.029497, "volume": 100855, "typical_volume": 148137.55, "trend": 16.327702, "fair_value": 21.359911, "relative_strength": -13.478102, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.909459, "energy": 22.578787, "activity_lines": [ 16.859262, 16.54589, 16.567799, 16.583977 ] }, { "date": "2023-12-08", "close": 17.320289, "volume": 184628, "typical_volume": 149638.75, "trend": 16.489005, "fair_value": 21.332984, "relative_strength": -11.556041, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.928563, "energy": 37.339284, "activity_lines": [ 17.064634, 16.715243, 16.623825, 16.648015 ] }, { "date": "2023-12-15", "close": 20.491737, "volume": 563655, "typical_volume": 165846.0, "trend": 16.732581, "fair_value": 21.30996, "relative_strength": 2.154981, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 88.99328, "energy": 80.38262, "activity_lines": [ 18.264151, 17.446684, 16.979233, 16.906255 ] }, { "date": "2023-12-22", "close": 20.446301, "volume": 399543, "typical_volume": 179487.25, "trend": 16.917666, "fair_value": 21.295505, "relative_strength": 2.042956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.277727, "energy": 88.912189, "activity_lines": [ 19.142584, 18.090557, 17.31735, 17.14585 ] }, { "date": "2023-12-29", "close": 20.516641, "volume": 200949, "typical_volume": 180081.9, "trend": 17.072157, "fair_value": 21.280051, "relative_strength": 3.17308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.075169, "energy": 91.077613, "activity_lines": [ 19.834246, 18.664277, 17.649591, 17.378042 ] }, { "date": "2024-01-05", "close": 19.68278, "volume": 223000, "typical_volume": 185645.25, "trend": 17.181047, "fair_value": 21.248029, "relative_strength": 3.236492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.592383, "energy": 85.888704, "activity_lines": [ 20.008209, 19.005469, 17.887321, 17.546469 ] }, { "date": "2024-01-12", "close": 19.297921, "volume": 225946, "typical_volume": 192792.7, "trend": 17.243993, "fair_value": 21.215956, "relative_strength": -0.86893, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.303014, "energy": 80.255195, "activity_lines": [ 19.876999, 19.20548, 18.075302, 17.683042 ] }, { "date": "2024-01-19", "close": 19.279595, "volume": 123793, "typical_volume": 193598.1, "trend": 17.347416, "fair_value": 21.186612, "relative_strength": -2.680663, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.362999, "energy": 52.698938, "activity_lines": [ 19.607839, 19.349019, 18.249546, 17.814371 ] }, { "date": "2024-01-26", "close": 21.460461, "volume": 259864, "typical_volume": 196497.45, "trend": 17.523533, "fair_value": 21.194982, "relative_strength": 8.065684, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.608562, "energy": 59.328424, "activity_lines": [ 20.146443, 19.82768, 18.626015, 18.079729 ] }, { "date": "2024-02-02", "close": 20.626601, "volume": 428586, "typical_volume": 209569.7, "trend": 17.676354, "fair_value": 21.183562, "relative_strength": 3.119741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.816679, "energy": 50.669207, "activity_lines": [ 20.339484, 20.078959, 18.897951, 18.279927 ] }, { "date": "2024-02-09", "close": 20.608274, "volume": 245264, "typical_volume": 217571.0, "trend": 17.81237, "fair_value": 21.169233, "relative_strength": 1.624119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.524704, "energy": 49.862939, "activity_lines": [ 20.519085, 20.259521, 19.150493, 18.469083 ] }, { "date": "2024-02-16", "close": 20.947316, "volume": 240628, "typical_volume": 223539.1, "trend": 17.951889, "fair_value": 21.151975, "relative_strength": 5.329471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.541697, "energy": 53.441019, "activity_lines": [ 20.75, 20.436659, 19.413957, 18.671337 ] }, { "date": "2024-02-23", "close": 19.911863, "volume": 75983, "typical_volume": 219692.95, "trend": 18.023303, "fair_value": 21.131892, "relative_strength": -0.688259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.368584, "energy": 42.80783, "activity_lines": [ 20.525804, 20.359586, 19.557726, 18.797787 ] }, { "date": "2024-03-01", "close": 19.884373, "volume": 168431, "typical_volume": 221503.4, "trend": 18.092602, "fair_value": 21.096598, "relative_strength": -2.208957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.405316, "energy": 31.299332, "activity_lines": [ 20.250294, 20.288058, 19.680867, 18.917856 ] }, { "date": "2024-03-08", "close": 20.269232, "volume": 201690, "typical_volume": 223743.15, "trend": 18.190024, "fair_value": 21.047125, "relative_strength": 1.556911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.493876, "energy": 26.255908, "activity_lines": [ 20.208143, 20.296722, 19.821615, 19.058284 ] }, { "date": "2024-03-15", "close": 19.524566, "volume": 275331, "typical_volume": 230105.6, "trend": 18.27642, "fair_value": 20.987535, "relative_strength": -0.887546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.931897, "energy": 19.919335, "activity_lines": [ 19.941595, 20.17449, 19.871427, 19.144384 ] }, { "date": "2024-03-22", "close": 19.727946, "volume": 127937, "typical_volume": 224469.4, "trend": 18.374694, "fair_value": 20.944083, "relative_strength": -2.665397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.464502, "energy": 17.572932, "activity_lines": [ 19.815087, 20.092113, 19.922714, 19.23803 ] }, { "date": "2024-03-29", "close": 20.180931, "volume": 106966, "typical_volume": 221221.5, "trend": 18.443081, "fair_value": 20.906771, "relative_strength": 0.074206, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.525983, "energy": 17.758833, "activity_lines": [ 19.920865, 20.084278, 20.001176, 19.354562 ] }, { "date": "2024-04-05", "close": 19.274962, "volume": 100965, "typical_volume": 215360.0, "trend": 18.546049, "fair_value": 20.861439, "relative_strength": -3.5881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.113451, "energy": 11.261136, "activity_lines": [ 19.706716, 19.895333, 19.972983, 19.408232 ] }, { "date": "2024-04-12", "close": 18.489172, "volume": 127801, "typical_volume": 219090.75, "trend": 18.59834, "fair_value": 20.813444, "relative_strength": -6.994072, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.213576, "energy": 8.608655, "activity_lines": [ 19.271264, 19.603254, 19.860515, 19.404562 ] }, { "date": "2024-04-19", "close": 19.182516, "volume": 201751, "typical_volume": 224135.55, "trend": 18.700398, "fair_value": 20.771081, "relative_strength": 1.884662, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.003958, "energy": 12.625673, "activity_lines": [ 19.185597, 19.4761, 19.806609, 19.442251 ] }, { "date": "2024-04-26", "close": 18.76651, "volume": 172940, "typical_volume": 223551.15, "trend": 18.775261, "fair_value": 20.736299, "relative_strength": -4.2505, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.108112, "energy": 14.848338, "activity_lines": [ 18.984066, 19.299232, 19.702832, 19.446516 ] }, { "date": "2024-05-03", "close": 18.452194, "volume": 233645, "typical_volume": 207050.65, "trend": 18.852672, "fair_value": 20.695241, "relative_strength": -6.971925, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.678343, "energy": 37.968068, "activity_lines": [ 18.741858, 19.104866, 19.562233, 19.425673 ] }, { "date": "2024-05-10", "close": 18.831222, "volume": 423496, "typical_volume": 208248.3, "trend": 18.950896, "fair_value": 20.642912, "relative_strength": -6.629611, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.051325, "energy": 30.661409, "activity_lines": [ 18.741241, 19.005953, 19.467443, 19.424289 ] }, { "date": "2024-05-17", "close": 18.258057, "volume": 599415, "typical_volume": 228171.6, "trend": 19.023957, "fair_value": 20.587233, "relative_strength": -11.451671, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.772698, "energy": 41.634975, "activity_lines": [ 18.579153, 18.821977, 19.325758, 19.37959 ] }, { "date": "2024-05-24", "close": 18.054676, "volume": 349048, "typical_volume": 234474.0, "trend": 19.100233, "fair_value": 20.525233, "relative_strength": -13.490042, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.429567, "energy": 46.750784, "activity_lines": [ 18.364678, 18.63759, 19.175458, 19.317056 ] }, { "date": "2024-05-31", "close": 17.879029, "volume": 241050, "typical_volume": 235229.2, "trend": 19.150361, "fair_value": 20.461325, "relative_strength": -12.75629, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.1448, "energy": 48.145853, "activity_lines": [ 18.166844, 18.447992, 19.016183, 19.238268 ] }, { "date": "2024-06-07", "close": 17.352088, "volume": 265878, "typical_volume": 242333.45, "trend": 19.198674, "fair_value": 20.3959, "relative_strength": -17.248294, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.478757, "energy": 70.451256, "activity_lines": [ 17.852528, 18.196203, 18.813479, 19.122251 ] }, { "date": "2024-06-14", "close": 17.176441, "volume": 314995, "typical_volume": 245090.0, "trend": 19.194788, "fair_value": 20.325473, "relative_strength": -20.462258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.987304, "energy": 73.473389, "activity_lines": [ 17.553004, 17.963911, 18.603226, 18.991784 ] }, { "date": "2024-06-21", "close": 17.036263, "volume": 184354, "typical_volume": 232878.4, "trend": 19.198648, "fair_value": 20.257943, "relative_strength": -20.957707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.964663, "energy": 77.517073, "activity_lines": [ 17.317072, 17.744288, 18.400023, 18.852524 ] }, { "date": "2024-06-28", "close": 18.325898, "volume": 679593, "typical_volume": 254594.85, "trend": 19.241862, "fair_value": 20.215052, "relative_strength": -14.707909, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.37584, "energy": 54.626811, "activity_lines": [ 17.592471, 17.785561, 18.336739, 18.796218 ] }, { "date": "2024-07-05", "close": 17.325964, "volume": 141112, "typical_volume": 249619.05, "trend": 19.242051, "fair_value": 20.16857, "relative_strength": -21.824958, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.66554, "energy": 45.941477, "activity_lines": [ 17.516478, 17.660602, 18.189091, 18.672612 ] }, { "date": "2024-07-12", "close": 19.101548, "volume": 196913, "typical_volume": 255665.55, "trend": 19.195711, "fair_value": 20.133253, "relative_strength": -13.382502, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.503964, "energy": 18.634501, "activity_lines": [ 18.069217, 17.884668, 18.227791, 18.663547 ] }, { "date": "2024-07-19", "close": 20.036066, "volume": 308159, "typical_volume": 262651.95, "trend": 19.182037, "fair_value": 20.104578, "relative_strength": -5.288357, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.819859, "energy": 16.301755, "activity_lines": [ 18.816832, 18.26684, 18.359352, 18.717763 ] }, { "date": "2024-07-26", "close": 20.643503, "volume": 321001, "typical_volume": 268617.5, "trend": 19.186266, "fair_value": 20.08538, "relative_strength": 0.258817, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 35.802973, "energy": 37.757701, "activity_lines": [ 19.576283, 18.737549, 18.548042, 18.812051 ] }, { "date": "2024-08-02", "close": 19.540771, "volume": 353619, "typical_volume": 272531.9, "trend": 19.181532, "fair_value": 20.052445, "relative_strength": -1.892485, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.9833, "energy": 34.297961, "activity_lines": [ 19.727675, 18.96439, 18.629927, 18.834923 ] }, { "date": "2024-08-09", "close": 19.587497, "volume": 231502, "typical_volume": 277710.15, "trend": 19.191185, "fair_value": 20.018617, "relative_strength": -1.841601, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.994057, "energy": 38.943498, "activity_lines": [ 19.813651, 19.172706, 18.716185, 18.861114 ] }, { "date": "2024-08-16", "close": 20.325766, "volume": 165543, "typical_volume": 280639.0, "trend": 19.226057, "fair_value": 20.00237, "relative_strength": -3.218631, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.244622, "energy": 48.666626, "activity_lines": [ 19.994947, 19.48419, 18.873423, 18.934313 ] }, { "date": "2024-08-23", "close": 21.007965, "volume": 144243, "typical_volume": 282802.9, "trend": 19.210974, "fair_value": 19.973039, "relative_strength": -0.891942, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.873175, "energy": 41.102255, "activity_lines": [ 20.322028, 19.865644, 19.094943, 19.049275 ] }, { "date": "2024-08-30", "close": 20.979929, "volume": 155918, "typical_volume": 284208.75, "trend": 19.222751, "fair_value": 19.952474, "relative_strength": -0.062181, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.768082, "energy": 47.680802, "activity_lines": [ 20.574971, 20.172336, 19.30554, 19.163401 ] }, { "date": "2024-09-06", "close": 19.858507, "volume": 115733, "typical_volume": 279907.85, "trend": 19.197759, "fair_value": 19.928732, "relative_strength": 0.387922, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.333643, "energy": 44.836596, "activity_lines": [ 20.431678, 20.203429, 19.397474, 19.204417 ] }, { "date": "2024-09-13", "close": 20.297731, "volume": 147260, "typical_volume": 278623.85, "trend": 19.176106, "fair_value": 19.900177, "relative_strength": -3.007215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.027184, "energy": 39.225865, "activity_lines": [ 20.413611, 20.286517, 19.528021, 19.275383 ] }, { "date": "2024-09-20", "close": 20.807061, "volume": 307043, "typical_volume": 282293.75, "trend": 19.205946, "fair_value": 19.87216, "relative_strength": -1.944215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.462425, "energy": 37.323118, "activity_lines": [ 20.517972, 20.408177, 19.699783, 19.380606 ] }, { "date": "2024-09-27", "close": 21.042861, "volume": 182063, "typical_volume": 270222.1, "trend": 19.244562, "fair_value": 19.842929, "relative_strength": -1.711427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.841097, "energy": 37.184358, "activity_lines": [ 20.668846, 20.541701, 19.882789, 19.499117 ] }, { "date": "2024-10-04", "close": 21.401278, "volume": 269499, "typical_volume": 253726.3, "trend": 19.282297, "fair_value": 19.812723, "relative_strength": -0.127404, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.695892, "energy": 45.708077, "activity_lines": [ 20.936866, 20.722086, 20.089398, 19.63826 ] }, { "date": "2024-10-11", "close": 21.910608, "volume": 1646044, "typical_volume": 318576.1, "trend": 19.361832, "fair_value": 19.782402, "relative_strength": 0.969965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.716702, "energy": 64.247816, "activity_lines": [ 21.346573, 20.981299, 20.329547, 19.807828 ] }, { "date": "2024-10-18", "close": 22.787787, "volume": 435165, "typical_volume": 328281.85, "trend": 19.463827, "fair_value": 19.762556, "relative_strength": 4.755119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.404767, "energy": 79.876637, "activity_lines": [ 21.911866, 21.356911, 20.634876, 20.028858 ] }, { "date": "2024-10-25", "close": 21.901176, "volume": 274333, "typical_volume": 328704.6, "trend": 19.521168, "fair_value": 19.731738, "relative_strength": 0.583774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.206898, "energy": 73.158069, "activity_lines": [ 22.015618, 21.513134, 20.83239, 20.186106 ] }, { "date": "2024-11-01", "close": 18.977247, "volume": 417697, "typical_volume": 333839.7, "trend": 19.511244, "fair_value": 19.652188, "relative_strength": -11.20458, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.794573, "energy": 24.250887, "activity_lines": [ 21.071786, 21.10909, 20.729772, 20.151014 ] }, { "date": "2024-11-08", "close": 21.391846, "volume": 513914, "typical_volume": 350317.7, "trend": 19.608, "fair_value": 19.599949, "relative_strength": -5.077023, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.183384, "energy": 25.242343, "activity_lines": [ 21.070529, 21.180986, 20.848541, 20.272343 ] }, { "date": "2024-11-15", "close": 20.835357, "volume": 433120, "typical_volume": 337994.05, "trend": 19.663095, "fair_value": 19.556355, "relative_strength": -4.142867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.591364, "energy": 19.244703, "activity_lines": [ 20.884403, 21.144213, 20.893571, 20.351528 ] }, { "date": "2024-11-22", "close": 20.854221, "volume": 259245, "typical_volume": 343900.7, "trend": 19.732685, "fair_value": 19.522098, "relative_strength": -5.701178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.247367, "energy": 20.431092, "activity_lines": [ 20.776249, 21.093108, 20.928447, 20.428375 ] }, { "date": "2024-11-29", "close": 20.788196, "volume": 304131, "typical_volume": 349261.6, "trend": 19.810552, "fair_value": 19.488017, "relative_strength": -6.59713, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.544408, "energy": 14.256622, "activity_lines": [ 20.774992, 21.019881, 20.940233, 20.496472 ] }, { "date": "2024-12-06", "close": 20.66558, "volume": 224346, "typical_volume": 345070.95, "trend": 19.871697, "fair_value": 19.458166, "relative_strength": -9.893402, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.119629, "energy": 9.747077, "activity_lines": [ 20.80706, 20.924704, 20.932311, 20.551635 ] }, { "date": "2024-12-13", "close": 20.788196, "volume": 515373, "typical_volume": 354789.55, "trend": 19.956035, "fair_value": 19.438916, "relative_strength": -9.583037, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.584498, "energy": 9.335379, "activity_lines": [ 20.767446, 20.858679, 20.933068, 20.610764 ] }, { "date": "2024-12-20", "close": 18.85463, "volume": 710076, "typical_volume": 372612.4, "trend": 19.9827, "fair_value": 19.397927, "relative_strength": -15.593383, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.016565, "energy": 12.932027, "activity_lines": [ 20.123552, 20.452245, 20.748987, 20.539706 ] }, { "date": "2024-12-27", "close": 18.317004, "volume": 245847, "typical_volume": 373329.65, "trend": 19.9973, "fair_value": 19.354807, "relative_strength": -18.182213, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.852441, "energy": 42.157643, "activity_lines": [ 19.432499, 20.003623, 20.516971, 20.432241 ] }, { "date": "2025-01-03", "close": 18.326535, "volume": 308646, "typical_volume": 380484.8, "trend": 20.029781, "fair_value": 19.309172, "relative_strength": -16.968556, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.466225, "energy": 55.914664, "activity_lines": [ 18.91377, 19.638021, 20.291913, 20.32445 ] }, { "date": "2025-01-10", "close": 17.630831, "volume": 326470, "typical_volume": 389596.15, "trend": 20.044927, "fair_value": 19.260503, "relative_strength": -17.857717, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.498264, "energy": 65.560811, "activity_lines": [ 18.327251, 19.210921, 20.010117, 20.169679 ] }, { "date": "2025-01-17", "close": 18.698212, "volume": 637596, "typical_volume": 413680.05, "trend": 20.100326, "fair_value": 19.226516, "relative_strength": -14.919514, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.980126, "energy": 67.467118, "activity_lines": [ 18.298842, 19.00237, 19.846058, 20.082794 ] }, { "date": "2025-01-24", "close": 18.898345, "volume": 268145, "typical_volume": 421300.65, "trend": 20.119407, "fair_value": 19.191455, "relative_strength": -14.695791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.691043, "energy": 54.598074, "activity_lines": [ 18.476476, 18.879183, 19.711925, 20.005247 ] }, { "date": "2025-01-31", "close": 20.146799, "volume": 414332, "typical_volume": 434654.25, "trend": 20.213435, "fair_value": 19.163738, "relative_strength": -7.365482, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.480346, "energy": 27.041702, "activity_lines": [ 19.067347, 19.018205, 19.701264, 20.007014 ] }, { "date": "2025-02-07", "close": 20.604247, "volume": 390836, "typical_volume": 438843.9, "trend": 20.263525, "fair_value": 19.135171, "relative_strength": -5.024056, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.459844, "energy": 17.797527, "activity_lines": [ 19.688715, 19.253263, 19.734889, 20.032228 ] }, { "date": "2025-02-14", "close": 20.413644, "volume": 232126, "typical_volume": 441347.05, "trend": 20.276111, "fair_value": 19.103683, "relative_strength": -8.096814, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.954142, "energy": 21.752977, "activity_lines": [ 20.0947, 19.457009, 19.751327, 20.041913 ] }, { "date": "2025-02-21", "close": 19.66076, "volume": 379972, "typical_volume": 446870.7, "trend": 20.243353, "fair_value": 19.070712, "relative_strength": -9.096129, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.845566, "energy": 22.449919, "activity_lines": [ 20.064204, 19.528448, 19.699058, 20.002213 ] }, { "date": "2025-02-28", "close": 19.412975, "volume": 278130, "typical_volume": 378475.0, "trend": 20.239093, "fair_value": 19.037086, "relative_strength": -6.786837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.792939, "energy": 18.585312, "activity_lines": [ 19.886943, 19.575335, 19.631478, 19.94864 ] }, { "date": "2025-03-07", "close": 18.450427, "volume": 250821, "typical_volume": 369257.8, "trend": 20.201191, "fair_value": 18.997179, "relative_strength": -8.072863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.305735, "energy": 26.119279, "activity_lines": [ 19.354523, 19.43706, 19.484121, 19.833242 ] }, { "date": "2025-03-14", "close": 17.621301, "volume": 297051, "typical_volume": 370393.7, "trend": 20.111042, "fair_value": 18.947895, "relative_strength": -9.620556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.839051, "energy": 51.217825, "activity_lines": [ 18.65882, 19.14561, 19.278453, 19.666798 ] }, { "date": "2025-03-21", "close": 17.919967, "volume": 431107, "typical_volume": 371064.2, "trend": 20.008109, "fair_value": 18.903667, "relative_strength": -8.003877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.692017, "energy": 65.281236, "activity_lines": [ 18.261535, 18.921285, 19.12161, 19.525438 ] }, { "date": "2025-03-28", "close": 17.630936, "volume": 218125, "typical_volume": 356274.75, "trend": 19.896476, "fair_value": 18.86536, "relative_strength": -6.967448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.398256, "energy": 73.282932, "activity_lines": [ 17.934152, 18.639152, 18.942275, 19.372072 ] }, { "date": "2025-04-04", "close": 15.993089, "volume": 407558, "typical_volume": 354996.65, "trend": 19.767628, "fair_value": 18.823279, "relative_strength": -6.095066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.355916, "energy": 82.546063, "activity_lines": [ 17.196141, 18.078634, 18.624864, 19.120241 ] }, { "date": "2025-04-11", "close": 15.521004, "volume": 583026, "typical_volume": 371185.7, "trend": 19.608404, "fair_value": 18.779551, "relative_strength": -14.894073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.331577, "energy": 85.374381, "activity_lines": [ 16.528761, 17.485105, 18.28555, 18.846265 ] }, { "date": "2025-04-18", "close": 16.378465, "volume": 242969, "typical_volume": 368127.6, "trend": 19.460784, "fair_value": 18.741043, "relative_strength": -7.682038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.957452, "energy": 78.764603, "activity_lines": [ 16.342496, 17.131583, 18.053296, 18.637882 ] }, { "date": "2025-04-25", "close": 17.072141, "volume": 288124, "typical_volume": 371316.5, "trend": 19.328427, "fair_value": 18.709628, "relative_strength": -9.231895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.60674, "energy": 67.675468, "activity_lines": [ 16.470313, 16.981016, 17.908105, 18.483776 ] }, { "date": "2025-05-02", "close": 19.885383, "volume": 464691, "typical_volume": 368782.4, "trend": 19.277897, "fair_value": 18.692939, "relative_strength": 2.302849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.339462, "energy": 22.329312, "activity_lines": [ 17.592398, 17.402703, 18.047953, 18.519709 ] }, { "date": "2025-05-09", "close": 20.49235, "volume": 500536, "typical_volume": 358305.4, "trend": 19.230622, "fair_value": 18.684496, "relative_strength": 5.655343, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.514247, "energy": 17.337829, "activity_lines": [ 18.766509, 17.930663, 18.249907, 18.59806 ] }, { "date": "2025-05-16", "close": 21.19566, "volume": 556904, "typical_volume": 373858.25, "trend": 19.177551, "fair_value": 18.682766, "relative_strength": 2.254148, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.604119, "energy": 42.594517, "activity_lines": [ 19.875106, 18.566873, 18.511044, 18.724837 ] }, { "date": "2025-05-23", "close": 20.01063, "volume": 364979, "typical_volume": 376674.9, "trend": 19.114533, "fair_value": 18.668809, "relative_strength": -1.119074, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.715055, "energy": 40.031407, "activity_lines": [ 20.210383, 18.937709, 18.645613, 18.778584 ] }, { "date": "2025-05-30", "close": 20.241856, "volume": 231680, "typical_volume": 371935.4, "trend": 19.156686, "fair_value": 18.658595, "relative_strength": -1.834741, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.325736, "energy": 51.534135, "activity_lines": [ 20.380591, 19.307145, 18.794185, 18.851315 ] }, { "date": "2025-06-06", "close": 20.569425, "volume": 289527, "typical_volume": 354531.95, "trend": 19.129272, "fair_value": 18.659191, "relative_strength": -2.333437, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.55374, "energy": 57.357181, "activity_lines": [ 20.448674, 19.693922, 18.961519, 18.942459 ] }, { "date": "2025-06-13", "close": 20.184049, "volume": 320437, "typical_volume": 357146.55, "trend": 19.107562, "fair_value": 18.655178, "relative_strength": -3.729287, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.799971, "energy": 35.995129, "activity_lines": [ 20.342696, 19.957203, 19.083241, 19.010509 ] }, { "date": "2025-06-20", "close": 20.328565, "volume": 323558, "typical_volume": 352607.85, "trend": 19.09004, "fair_value": 18.649536, "relative_strength": -3.151454, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.472034, "energy": 31.16999, "activity_lines": [ 20.305443, 20.170561, 19.212604, 19.089284 ] }, { "date": "2025-06-27", "close": 21.330542, "volume": 428768, "typical_volume": 354504.45, "trend": 19.108118, "fair_value": 18.654595, "relative_strength": -2.449589, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.293287, "energy": 46.386604, "activity_lines": [ 20.659988, 20.478686, 19.436528, 19.233832 ] }, { "date": "2025-07-04", "close": 22.215667, "volume": 343957, "typical_volume": 360096.0, "trend": 19.159788, "fair_value": 18.668717, "relative_strength": -0.11901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.758825, "energy": 68.522336, "activity_lines": [ 21.221581, 20.857706, 19.74129, 19.434319 ] }, { "date": "2025-07-11", "close": 21.748788, "volume": 288759, "typical_volume": 355535.35, "trend": 19.191808, "fair_value": 18.681736, "relative_strength": -1.881742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.292989, "energy": 72.777451, "activity_lines": [ 21.495961, 21.05832, 19.993007, 19.601351 ] }, { "date": "2025-07-18", "close": 21.456988, "volume": 274955, "typical_volume": 355376.6, "trend": 19.278553, "fair_value": 18.693217, "relative_strength": -4.224028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.153422, "energy": 71.617853, "activity_lines": [ 21.594449, 21.171999, 20.206991, 19.747492 ] }, { "date": "2025-07-25", "close": 21.126282, "volume": 256950, "typical_volume": 355683.05, "trend": 19.372195, "fair_value": 18.691744, "relative_strength": -6.210424, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.638199, "energy": 62.656987, "activity_lines": [ 21.49784, 21.20801, 20.379745, 19.8667 ] }, { "date": "2025-08-01", "close": 19.881271, "volume": 584070, "typical_volume": 370034.0, "trend": 19.42402, "fair_value": 18.682679, "relative_strength": -9.401513, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.961268, "energy": 28.815669, "activity_lines": [ 20.933046, 21.018918, 20.421185, 19.899544 ] }, { "date": "2025-08-08", "close": 20.173071, "volume": 437608, "typical_volume": 370359.05, "trend": 19.508761, "fair_value": 18.672651, "relative_strength": -11.006655, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.407421, "energy": 20.483141, "activity_lines": [ 20.562137, 20.885232, 20.479653, 19.94787 ] }, { "date": "2025-08-15", "close": 21.009562, "volume": 631383, "typical_volume": 391021.95, "trend": 19.585806, "fair_value": 18.671542, "relative_strength": -7.465026, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.560824, "energy": 21.476638, "activity_lines": [ 20.606231, 20.904886, 20.607058, 20.044696 ] }, { "date": "2025-08-22", "close": 21.865508, "volume": 400040, "typical_volume": 390646.05, "trend": 19.684712, "fair_value": 18.678252, "relative_strength": -2.515258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.982359, "energy": 24.357202, "activity_lines": [ 20.984922, 21.072164, 20.799894, 20.191773 ] }, { "date": "2025-08-29", "close": 21.661248, "volume": 264564, "typical_volume": 374722.95, "trend": 19.735193, "fair_value": 18.687598, "relative_strength": -2.859006, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.257686, "energy": 35.880439, "activity_lines": [ 21.268291, 21.171732, 20.945311, 20.319292 ] }, { "date": "2025-09-05", "close": 21.962774, "volume": 218455, "typical_volume": 373497.25, "trend": 19.780478, "fair_value": 18.694543, "relative_strength": -2.167488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.145629, "energy": 51.368943, "activity_lines": [ 21.616505, 21.301892, 21.090207, 20.463007 ] }, { "date": "2025-09-12", "close": 22.08922, "volume": 326897, "typical_volume": 375435.9, "trend": 19.83633, "fair_value": 18.70791, "relative_strength": -3.129346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.965772, "energy": 60.452823, "activity_lines": [ 21.868101, 21.443548, 21.220553, 20.611958 ] }, { "date": "2025-09-19", "close": 22.49774, "volume": 599995, "typical_volume": 382201.1, "trend": 19.930896, "fair_value": 18.726618, "relative_strength": -3.14729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.645189, "energy": 60.57696, "activity_lines": [ 22.128127, 21.661778, 21.365914, 20.783662 ] }, { "date": "2025-09-26", "close": 22.20594, "volume": 428709, "typical_volume": 378609.75, "trend": 20.023995, "fair_value": 18.745177, "relative_strength": -3.675913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.806244, "energy": 54.084654, "activity_lines": [ 22.191674, 21.813337, 21.471046, 20.930439 ] }, { "date": "2025-10-03", "close": 21.616923, "volume": 432210, "typical_volume": 372375.05, "trend": 20.129545, "fair_value": 18.760184, "relative_strength": -6.967337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.609222, "energy": 38.336644, "activity_lines": [ 22.036187, 21.844185, 21.511921, 21.033208 ] }, { "date": "2025-10-10", "close": 20.429072, "volume": 361677, "typical_volume": 372209.95, "trend": 20.223137, "fair_value": 18.767744, "relative_strength": -9.588173, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.479236, "energy": 16.001781, "activity_lines": [ 21.487705, 21.650139, 21.43766, 21.052533 ] }, { "date": "2025-10-17", "close": 20.605777, "volume": 443101, "typical_volume": 382781.0, "trend": 20.312664, "fair_value": 18.777054, "relative_strength": -10.436354, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.061678, "energy": 14.308264, "activity_lines": [ 21.100371, 21.478261, 21.378237, 21.077219 ] }, { "date": "2025-10-24", "close": 21.292964, "volume": 235825, "typical_volume": 380095.9, "trend": 20.434732, "fair_value": 18.788864, "relative_strength": -8.967563, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.708576, "energy": 18.656671, "activity_lines": [ 21.040995, 21.423458, 21.382527, 21.140464 ] }, { "date": "2025-10-31", "close": 20.733398, "volume": 381121, "typical_volume": 383130.1, "trend": 20.592742, "fair_value": 18.800223, "relative_strength": -12.772908, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.944137, "energy": 16.370224, "activity_lines": [ 20.875416, 21.261764, 21.330079, 21.159733 ] }, { "date": "2025-11-07", "close": 20.625411, "volume": 272431, "typical_volume": 380573.75, "trend": 20.762889, "fair_value": 18.802209, "relative_strength": -10.110246, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.540585, "energy": 13.223478, "activity_lines": [ 20.772011, 21.10102, 21.264731, 21.161841 ] }, { "date": "2025-11-14", "close": 21.322415, "volume": 361378, "typical_volume": 377204.25, "trend": 20.927687, "fair_value": 18.808102, "relative_strength": -6.596393, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.990387, "energy": 9.889793, "activity_lines": [ 20.967041, 21.085837, 21.264351, 21.197939 ] }, { "date": "2025-11-21", "close": 21.332232, "volume": 427191, "typical_volume": 381365.95, "trend": 21.06969, "fair_value": 18.813443, "relative_strength": -3.314939, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.473436, "energy": 12.197289, "activity_lines": [ 21.105788, 21.084081, 21.264944, 21.224039 ] }, { "date": "2025-11-28", "close": 21.14571, "volume": 191384, "typical_volume": 376497.2, "trend": 21.111701, "fair_value": 18.8191, "relative_strength": -8.353466, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.605677, "energy": 4.388455, "activity_lines": [ 21.13393, 21.062176, 21.251981, 21.228943 ] }, { "date": "2025-12-05", "close": 21.803445, "volume": 311940, "typical_volume": 378346.45, "trend": 21.155404, "fair_value": 18.829197, "relative_strength": -6.221251, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.224192, "energy": 22.736016, "activity_lines": [ 21.391133, 21.184442, 21.30453, 21.273572 ] }, { "date": "2025-12-12", "close": 23.050198, "volume": 546054, "typical_volume": 392801.65, "trend": 21.217222, "fair_value": 18.848014, "relative_strength": 1.153031, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.255025, "energy": 52.667871, "activity_lines": [ 21.992585, 21.540708, 21.474168, 21.395817 ] }, { "date": "2025-12-19", "close": 22.245208, "volume": 639567, "typical_volume": 395576.5, "trend": 21.291708, "fair_value": 18.859143, "relative_strength": -2.897302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.94044, "energy": 55.399495, "activity_lines": [ 22.164055, 21.724553, 21.557979, 21.462138 ] }, { "date": "2025-12-26", "close": 21.567839, "volume": 226342, "typical_volume": 385013.2, "trend": 21.335908, "fair_value": 18.865592, "relative_strength": -6.973834, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.963798, "energy": 49.974054, "activity_lines": [ 22.048215, 21.752219, 21.566022, 21.479953 ] }, { "date": "2026-01-02", "close": 22.251745, "volume": 532717, "typical_volume": 380079.9, "trend": 21.391985, "fair_value": 18.878513, "relative_strength": -2.377296, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.816817, "energy": 51.071934, "activity_lines": [ 22.144636, 21.886739, 21.632557, 21.539039 ] }, { "date": "2026-01-09", "close": 23.936733, "volume": 792790, "typical_volume": 399717.4, "trend": 21.517075, "fair_value": 18.899018, "relative_strength": 2.574619, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.261305, "energy": 63.062049, "activity_lines": [ 22.728985, 22.310189, 21.853651, 21.703217 ] }, { "date": "2026-01-16", "close": 23.728587, "volume": 708131, "typical_volume": 421895.75, "trend": 21.630409, "fair_value": 18.922365, "relative_strength": 2.449709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.509933, "energy": 67.94693, "activity_lines": [ 23.101733, 22.637551, 22.04506, 21.845895 ] }, { "date": "2026-01-23", "close": 23.45106, "volume": 524490, "typical_volume": 437197.5, "trend": 21.701093, "fair_value": 18.959683, "relative_strength": 0.920479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.06763, "energy": 68.913813, "activity_lines": [ 23.336745, 22.858033, 22.200192, 21.963356 ] }, { "date": "2026-01-30", "close": 24.402582, "volume": 931776, "typical_volume": 467441.45, "trend": 21.77399, "fair_value": 18.99881, "relative_strength": 5.133206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.243121, "energy": 78.52132, "activity_lines": [ 23.808541, 23.212816, 22.438859, 22.137646 ] }, { "date": "2026-02-06", "close": 25.492868, "volume": 907768, "typical_volume": 482830.1, "trend": 21.898792, "fair_value": 19.049894, "relative_strength": 11.90419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.73789, "energy": 81.959419, "activity_lines": [ 24.454784, 23.710008, 22.770347, 22.377574 ] }, { "date": "2026-02-13", "close": 25.027019, "volume": 590324, "typical_volume": 490910.85, "trend": 22.017793, "fair_value": 19.096015, "relative_strength": 11.072605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.926558, "energy": 75.618391, "activity_lines": [ 24.729668, 24.043461, 23.043205, 22.579395 ] }, { "date": "2026-02-20", "close": 25.225252, "volume": 465675, "typical_volume": 492584.1, "trend": 22.154426, "fair_value": 19.145496, "relative_strength": 10.465548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.870202, "energy": 75.731971, "activity_lines": [ 24.997944, 24.354346, 23.321509, 22.786327 ] }, { "date": "2026-02-27", "close": 23.62947, "volume": 563167, "typical_volume": 502658.6, "trend": 22.279366, "fair_value": 19.184748, "relative_strength": 3.708893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.286193, "energy": 49.154548, "activity_lines": [ 24.634516, 24.335543, 23.430652, 22.881492 ] }, { "date": "2026-03-06", "close": 23.669117, "volume": 610827, "typical_volume": 511044.9, "trend": 22.395901, "fair_value": 19.235487, "relative_strength": 5.094102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.588826, "energy": 32.925981, "activity_lines": [ 24.272408, 24.29878, 23.52833, 22.971153 ] }, { "date": "2026-03-13", "close": 23.351943, "volume": 540917, "typical_volume": 526299.5, "trend": 22.47398, "fair_value": 19.291361, "relative_strength": 4.609748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.438765, "energy": 22.011817, "activity_lines": [ 23.853474, 24.166143, 23.581214, 23.032833 ] }, { "date": "2026-03-20", "close": 23.163621, "volume": 775918, "typical_volume": 546039.35, "trend": 22.51725, "fair_value": 19.346941, "relative_strength": 5.718211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.414011, "energy": 23.363807, "activity_lines": [ 23.514495, 23.979263, 23.606357, 23.077326 ] }, { "date": "2026-03-27", "close": 23.57, "volume": 658468, "typical_volume": 565341.2, "trend": 22.580875, "fair_value": 19.406439, "relative_strength": 10.92613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.619332, "energy": 20.686078, "activity_lines": [ 23.435201, 23.880326, 23.658631, 23.145245 ] }, { "date": "2026-04-03", "close": 23.84, "volume": 716954, "typical_volume": 583120.0, "trend": 22.64345, "fair_value": 19.467553, "relative_strength": 7.750613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.362697, "energy": 17.953834, "activity_lines": [ 23.556258, 23.833364, 23.722598, 23.226479 ] }, { "date": "2026-04-10", "close": 25.5, "volume": 813122, "typical_volume": 602416.55, "trend": 22.757142, "fair_value": 19.542333, "relative_strength": 9.918496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.827953, "energy": 33.431361, "activity_lines": [ 24.216612, 24.081148, 23.932671, 23.410773 ] }, { "date": "2026-04-17", "close": 25.62, "volume": 703137, "typical_volume": 628004.2, "trend": 22.861218, "fair_value": 19.618224, "relative_strength": 3.877757, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.317747, "energy": 52.462191, "activity_lines": [ 24.794908, 24.330797, 24.134326, 23.595473 ] }, { "date": "2026-04-24", "close": 25.289478, "volume": 553872, "typical_volume": 640100.8, "trend": 22.964002, "fair_value": 19.698217, "relative_strength": 0.23364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.403004, "energy": 62.430456, "activity_lines": [ 25.111826, 24.51804, 24.283197, 23.752135 ] }, { "date": "2026-05-01", "close": 26.758988, "volume": 886821, "typical_volume": 657139.15, "trend": 23.135404, "fair_value": 19.790426, "relative_strength": 4.502407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.425043, "energy": 77.554912, "activity_lines": [ 25.776857, 24.967695, 24.555421, 23.996973 ] }, { "date": "2026-05-08", "close": 26.669626, "volume": 1075431, "typical_volume": 678932.35, "trend": 23.343423, "fair_value": 19.881378, "relative_strength": -1.04353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.285381, "energy": 77.257763, "activity_lines": [ 26.199501, 25.373215, 24.801474, 24.224987 ] }, { "date": "2026-05-15", "close": 26.361823, "volume": 695469, "typical_volume": 702388.7, "trend": 23.535291, "fair_value": 19.965848, "relative_strength": -1.68828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.67021, "energy": 71.693201, "activity_lines": [ 26.330903, 25.667496, 24.997143, 24.419723 ] }, { "date": "2026-05-22", "close": 27.851192, "volume": 839217, "typical_volume": 717713.7, "trend": 23.753899, "fair_value": 20.048908, "relative_strength": 2.652377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.469581, "energy": 80.138413, "activity_lines": [ 26.901306, 26.183613, 25.311828, 24.698168 ] }, { "date": "2026-05-29", "close": 28.377436, "volume": 689418, "typical_volume": 712545.1, "trend": 24.0087, "fair_value": 20.129008, "relative_strength": 1.68591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.059559, "energy": 83.886875, "activity_lines": [ 27.498377, 26.713607, 25.649968, 24.996461 ] }, { "date": "2026-06-05", "close": 28.744813, "volume": 1124621, "typical_volume": 733369.6, "trend": 24.279347, "fair_value": 20.208038, "relative_strength": 7.760622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.66941, "energy": 85.974145, "activity_lines": [ 28.012044, 27.215599, 26.00195, 25.302016 ] }, { "date": "2026-06-12", "close": 30.085245, "volume": 686081, "typical_volume": 741449.15, "trend": 24.571441, "fair_value": 20.289293, "relative_strength": 10.05771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.981287, "energy": 93.466129, "activity_lines": [ 28.840133, 27.867219, 26.457705, 25.676591 ] }, { "date": "2026-06-19", "close": 29.469639, "volume": 961220, "typical_volume": 742921.35, "trend": 24.842688, "fair_value": 20.374502, "relative_strength": 4.942757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.052552, "energy": 87.707604, "activity_lines": [ 29.235312, 28.293361, 26.82324, 25.992603 ] }, { "date": "2026-06-26", "close": 30.82, "volume": 2527404, "typical_volume": 823903.15, "trend": 25.165164, "fair_value": 20.468368, "relative_strength": 14.656959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.222075, "energy": 90.761439, "activity_lines": [ 29.873424, 28.892847, 27.293252, 26.378236 ] }, { "date": "2026-07-03", "close": 31.11, "volume": 1136770, "typical_volume": 851225.45, "trend": 25.475383, "fair_value": 20.564958, "relative_strength": 14.541692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.450179, "energy": 87.761045, "activity_lines": [ 30.410281, 29.450516, 27.765515, 26.761774 ] }, { "date": "2026-07-10", "close": 31.32, "volume": 1029994, "typical_volume": 879441.4, "trend": 25.751043, "fair_value": 20.65978, "relative_strength": 13.047233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.182754, "energy": 81.703621, "activity_lines": [ 30.834968, 29.940538, 28.228812, 27.138846 ] }, { "date": "2026-07-17", "close": 32.15, "volume": 1030458, "typical_volume": 902805.95, "trend": 26.081203, "fair_value": 20.758423, "relative_strength": 20.602032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.665815, "energy": 82.659266, "activity_lines": [ 31.364643, 30.498542, 28.742134, 27.551682 ] }, { "date": "2026-07-24", "close": 32.7, "volume": 994948, "typical_volume": 922012.0, "trend": 26.452275, "fair_value": 20.854131, "relative_strength": 24.0112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.158762, "energy": 80.207454, "activity_lines": [ 31.94, 31.056903, 29.267263, 27.978701 ] }, { "date": "2026-07-31", "close": 33.27, "volume": 1564096, "typical_volume": 973170.95, "trend": 26.81955, "fair_value": 20.953263, "relative_strength": 24.71586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.286654, "energy": 70.108011, "activity_lines": [ 32.49, 31.603661, 29.803673, 28.418555 ] }, { "date": "2026-08-07", "close": 33.23, "volume": 1049892, "typical_volume": 986869.65, "trend": 27.129325, "fair_value": 21.05508, "relative_strength": 17.902326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.100135, "energy": 67.466414, "activity_lines": [ 32.863333, 32.044622, 30.289046, 28.832132 ] } ], "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." } } }