{ "ticker": { "uuid": "bad39915-018f-4b64-9213-2897286de819", "symbol": "XRAY", "name": "DENTSPLY SIRONA Inc.", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 37.956, "architecture_energy": 62.132, "architecture_maturity": 10.417, "architecture_confidence": 49.719, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 29.57, "rotation_up": 72.96, "upward_expansion": 62.66, "deceleration": 22.07, "rotation_down": 16.41, "downward_expansion": 20.99 }, "activity_lines": [ 11.195667, 10.776164, 10.178057, 10.148892 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 10.545, "trend_reference": 10.2358, "distance_from_trend": 0.030208, "trend_direction": "Improving", "fair_value": 17.723914, "distance_from_fair_value": -0.405041, "fair_value_direction": "Improving", "relative_strength": -17.015889, "relative_strength_direction": "Improving", "price_momentum": -0.072967, "excess_performance": -0.247214, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030208, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025188, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.405041, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.127221, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.170159, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.136545, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.072967, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.157971, "read": "Supply-led" } ], "volume": { "latest": 1361, "relative_activity": 4.311055, "balance": 0.157971, "dry_up": 1.096769, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.078812, "annualized_volatility": 0.480289, "from_high_reference": -0.154031, "from_low_reference": 0.270482 }, "levels": { "trend_reference": 10.2358, "fair_value_reference": 17.723914, "structural_low": 8.3, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.009266, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.043009, "regime_survival": 0.5, "best_return": 0.051737, "worst_return": -0.097645, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.11749, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.163453, "regime_survival": 0.0, "best_return": 0.105221, "worst_return": -0.216304, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.083381, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.105214, "regime_survival": 0.0, "best_return": 0.117891, "worst_return": -0.284652, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.215311, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.283978, "regime_survival": 0.5, "best_return": -0.023055, "worst_return": -0.407568, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-12", "end": "2024-02-09", "tenure": "Developing", "return": -0.086021, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-16", "end": "2024-04-05", "tenure": "Developing", "return": -0.041953, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-12", "end": "2024-05-10", "tenure": "Developing", "return": -0.116026, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2025-06-13", "tenure": "Extended", "return": -0.442811, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-06-27", "tenure": "New", "return": 0.02586, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": -0.042659, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.100292, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2026-01-23", "tenure": "Established", "return": 0.021467, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-06", "tenure": "New", "return": 0.099034, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": -0.097645, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-05-15", "tenure": "Developing", "return": -0.101184, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": -0.039883, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": 0.198669, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.125622, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 31.442553, "volume": 0, "typical_volume": 14.6, "trend": 32.435629, "fair_value": 37.261832, "relative_strength": 4.207114, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.623705, "energy": 16.62035, "activity_lines": [ 32.323872, 32.633234, 32.785192, 32.724105 ] }, { "date": "2023-08-25", "close": 31.570377, "volume": 0, "typical_volume": 14.6, "trend": 32.473651, "fair_value": 37.251557, "relative_strength": 5.295371, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.94125, "energy": 36.981487, "activity_lines": [ 31.933124, 32.426968, 32.649561, 32.668282 ] }, { "date": "2023-09-01", "close": 31.679928, "volume": 0, "typical_volume": 14.6, "trend": 32.437125, "fair_value": 37.242604, "relative_strength": 3.272148, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.445155, "energy": 53.14125, "activity_lines": [ 31.71036, 32.259247, 32.530195, 32.617074 ] }, { "date": "2023-09-08", "close": 30.876514, "volume": 0, "typical_volume": 14.6, "trend": 32.450207, "fair_value": 37.231042, "relative_strength": 1.590926, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.758851, "energy": 64.821108, "activity_lines": [ 31.375605, 31.953485, 32.344733, 32.51639 ] }, { "date": "2023-09-15", "close": 30.584368, "volume": 0, "typical_volume": 14.6, "trend": 32.458231, "fair_value": 37.200813, "relative_strength": -0.536735, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.993665, "energy": 76.699066, "activity_lines": [ 31.070066, 31.635441, 32.146732, 32.396013 ] }, { "date": "2023-09-22", "close": 29.269699, "volume": 0, "typical_volume": 14.6, "trend": 32.447643, "fair_value": 37.179747, "relative_strength": -3.959621, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.667618, "energy": 87.178295, "activity_lines": [ 30.416383, 31.109241, 31.838035, 32.190301 ] }, { "date": "2023-09-29", "close": 29.947041, "volume": 0, "typical_volume": 14.6, "trend": 32.359846, "fair_value": 37.163193, "relative_strength": -1.901648, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.519127, "energy": 84.303026, "activity_lines": [ 30.133337, 30.777903, 31.614878, 32.028972 ] }, { "date": "2023-10-06", "close": 27.89311, "volume": 0, "typical_volume": 14.6, "trend": 32.235891, "fair_value": 37.122605, "relative_strength": -7.102244, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.871323, "energy": 95.818395, "activity_lines": [ 29.273871, 30.138493, 31.216598, 31.740796 ] }, { "date": "2023-10-13", "close": 26.92116, "volume": 0, "typical_volume": 14.6, "trend": 32.081048, "fair_value": 37.073296, "relative_strength": -10.907367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.732668, "energy": 97.103062, "activity_lines": [ 28.342875, 29.433711, 30.75429, 31.39791 ] }, { "date": "2023-10-20", "close": 27.452982, "volume": 0, "typical_volume": 0.35, "trend": 31.958877, "fair_value": 37.013104, "relative_strength": -5.701774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.377307, "energy": 91.521055, "activity_lines": [ 27.852844, 28.932066, 30.362979, 31.099325 ] }, { "date": "2023-10-27", "close": 26.646076, "volume": 0, "typical_volume": 0.35, "trend": 31.757706, "fair_value": 36.960644, "relative_strength": -7.940427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.994317, "energy": 93.236123, "activity_lines": [ 27.302603, 28.365212, 29.920605, 30.756564 ] }, { "date": "2023-11-03", "close": 24.830549, "volume": 288, "typical_volume": 14.75, "trend": 31.492229, "fair_value": 36.900311, "relative_strength": -18.645566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.24992, "energy": 95.595971, "activity_lines": [ 26.322095, 27.55547, 29.333564, 30.30965 ] }, { "date": "2023-11-10", "close": 24.097006, "volume": 10, "typical_volume": 14.9, "trend": 31.166528, "fair_value": 36.808277, "relative_strength": -21.314329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.079134, "energy": 90.05806, "activity_lines": [ 25.438172, 26.7349, 28.713634, 29.832539 ] }, { "date": "2023-11-17", "close": 25.032272, "volume": 0, "typical_volume": 14.9, "trend": 30.864727, "fair_value": 36.733756, "relative_strength": -19.892251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.262471, "energy": 80.250577, "activity_lines": [ 25.119078, 26.222249, 28.220991, 29.436781 ] }, { "date": "2023-11-24", "close": 26.279305, "volume": 0, "typical_volume": 14.9, "trend": 30.619652, "fair_value": 36.659418, "relative_strength": -15.320734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.804575, "energy": 67.232674, "activity_lines": [ 25.341587, 26.042591, 27.885637, 29.140947 ] }, { "date": "2023-12-01", "close": 27.086205, "volume": 0, "typical_volume": 14.9, "trend": 30.399654, "fair_value": 36.585101, "relative_strength": -14.342255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.405802, "energy": 61.177649, "activity_lines": [ 25.911308, 26.087916, 27.655717, 28.912983 ] }, { "date": "2023-12-08", "close": 27.618029, "volume": 0, "typical_volume": 14.9, "trend": 30.178589, "fair_value": 36.511137, "relative_strength": -12.817138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.702254, "energy": 40.360292, "activity_lines": [ 26.628962, 26.269635, 27.505626, 28.733523 ] }, { "date": "2023-12-15", "close": 28.97509, "volume": 1, "typical_volume": 14.95, "trend": 30.014885, "fair_value": 36.456089, "relative_strength": -9.901735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.844601, "energy": 28.420239, "activity_lines": [ 27.613138, 26.740439, 27.512991, 28.655878 ] }, { "date": "2023-12-22", "close": 29.286846, "volume": 0, "typical_volume": 14.95, "trend": 29.951305, "fair_value": 36.401431, "relative_strength": -9.909231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.337364, "energy": 26.846364, "activity_lines": [ 28.376026, 27.248253, 27.574055, 28.608907 ] }, { "date": "2023-12-29", "close": 29.709759, "volume": 0, "typical_volume": 14.95, "trend": 29.846043, "fair_value": 36.354647, "relative_strength": -9.320795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.00085, "energy": 29.227489, "activity_lines": [ 28.996247, 27.789948, 27.69201, 28.593324 ] }, { "date": "2024-01-05", "close": 29.912369, "volume": 0, "typical_volume": 14.95, "trend": 29.757235, "fair_value": 36.274299, "relative_strength": -8.578677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.858302, "energy": 35.187174, "activity_lines": [ 29.455309, 28.327449, 27.83986, 28.597603 ] }, { "date": "2024-01-12", "close": 30.833313, "volume": 0, "typical_volume": 14.95, "trend": 29.69852, "fair_value": 36.19906, "relative_strength": -4.852328, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.406143, "energy": 53.224556, "activity_lines": [ 30.03294, 28.973008, 28.082706, 28.667027 ] }, { "date": "2024-01-19", "close": 30.059717, "volume": 0, "typical_volume": 14.95, "trend": 29.629781, "fair_value": 36.127003, "relative_strength": -5.676186, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.736998, "energy": 56.850158, "activity_lines": [ 30.138354, 29.368771, 28.255385, 28.69033 ] }, { "date": "2024-01-26", "close": 29.728178, "volume": 0, "typical_volume": 14.95, "trend": 29.51664, "fair_value": 36.06848, "relative_strength": -9.64162, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.430709, "energy": 50.098357, "activity_lines": [ 30.060946, 29.595841, 28.404205, 28.696679 ] }, { "date": "2024-02-02", "close": 29.286123, "volume": 0, "typical_volume": 14.95, "trend": 29.416761, "fair_value": 35.996712, "relative_strength": -10.387755, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.886445, "energy": 32.317288, "activity_lines": [ 29.806765, 29.657158, 28.516393, 28.681807 ] }, { "date": "2024-02-09", "close": 28.180986, "volume": 0, "typical_volume": 14.95, "trend": 29.249004, "fair_value": 35.917123, "relative_strength": -11.585946, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -4.94397, "energy": 9.617434, "activity_lines": [ 29.212447, 29.462871, 28.529511, 28.602079 ] }, { "date": "2024-02-16", "close": 28.788815, "volume": 0, "typical_volume": 14.95, "trend": 29.090551, "fair_value": 35.854393, "relative_strength": -10.904121, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 4.913041, "energy": 14.646965, "activity_lines": [ 28.936164, 29.359194, 28.605703, 28.57239 ] }, { "date": "2024-02-23", "close": 28.751974, "volume": 0, "typical_volume": 14.95, "trend": 28.915046, "fair_value": 35.788307, "relative_strength": -10.430705, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.014241, "energy": 16.197957, "activity_lines": [ 28.783901, 29.227531, 28.683901, 28.550546 ] }, { "date": "2024-03-01", "close": 28.273081, "volume": 0, "typical_volume": 14.95, "trend": 28.764966, "fair_value": 35.684288, "relative_strength": -11.609538, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.042245, "energy": 20.505512, "activity_lines": [ 28.559189, 29.012853, 28.7124, 28.509129 ] }, { "date": "2024-03-08", "close": 28.43885, "volume": 0, "typical_volume": 14.95, "trend": 28.648409, "fair_value": 35.570383, "relative_strength": -10.953348, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.528415, "energy": 14.928166, "activity_lines": [ 28.486741, 28.846748, 28.750249, 28.488089 ] }, { "date": "2024-03-15", "close": 27.683674, "volume": 0, "typical_volume": 14.95, "trend": 28.523113, "fair_value": 35.447608, "relative_strength": -13.772543, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.993409, "energy": 29.783803, "activity_lines": [ 28.219052, 28.566445, 28.711482, 28.425848 ] }, { "date": "2024-03-22", "close": 28.420433, "volume": 0, "typical_volume": 0.55, "trend": 28.418115, "fair_value": 35.336019, "relative_strength": -13.352676, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.911071, "energy": 21.01597, "activity_lines": [ 28.230103, 28.460619, 28.737942, 28.419223 ] }, { "date": "2024-03-29", "close": 28.516155, "volume": 0, "typical_volume": 0.05, "trend": 28.312656, "fair_value": 35.214698, "relative_strength": -13.580106, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.001908, "energy": 16.920611, "activity_lines": [ 28.297621, 28.416069, 28.756423, 28.425549 ] }, { "date": "2024-04-05", "close": 27.581051, "volume": 0, "typical_volume": 0.05, "trend": 28.202807, "fair_value": 35.083858, "relative_strength": -16.702175, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.226981, "energy": 35.439761, "activity_lines": [ 28.069158, 28.229564, 28.664803, 28.378348 ] }, { "date": "2024-04-12", "close": 27.210707, "volume": 0, "typical_volume": 0.05, "trend": 28.090352, "fair_value": 34.949848, "relative_strength": -17.077333, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.753847, "energy": 42.221128, "activity_lines": [ 27.763383, 28.014763, 28.525776, 28.314342 ] }, { "date": "2024-04-19", "close": 26.414478, "volume": 0, "typical_volume": 0.05, "trend": 27.995178, "fair_value": 34.806755, "relative_strength": -18.588205, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.450039, "energy": 59.814275, "activity_lines": [ 27.274074, 27.692927, 28.306481, 28.206221 ] }, { "date": "2024-04-26", "close": 26.516321, "volume": 0, "typical_volume": 0.05, "trend": 27.88082, "fair_value": 34.662951, "relative_strength": -18.045081, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.818998, "energy": 69.940025, "activity_lines": [ 26.903326, 27.421727, 28.100085, 28.110811 ] }, { "date": "2024-05-03", "close": 24.460936, "volume": 877, "typical_volume": 43.85, "trend": 27.766415, "fair_value": 34.497103, "relative_strength": -24.714981, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -66.174176, "energy": 84.35604, "activity_lines": [ 25.974391, 26.818139, 27.703184, 27.890173 ] }, { "date": "2024-05-10", "close": 24.053562, "volume": 0, "typical_volume": 43.85, "trend": 27.670828, "fair_value": 34.335238, "relative_strength": -27.230085, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.679212, "energy": 96.750078, "activity_lines": [ 25.180012, 26.218501, 27.288982, 27.650634 ] }, { "date": "2024-05-17", "close": 23.62767, "volume": 0, "typical_volume": 43.85, "trend": 27.543318, "fair_value": 34.16871, "relative_strength": -29.064813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.701209, "energy": 96.066262, "activity_lines": [ 24.478835, 25.618147, 26.859139, 27.389785 ] }, { "date": "2024-05-24", "close": 23.488794, "volume": 0, "typical_volume": 43.85, "trend": 27.438075, "fair_value": 34.005726, "relative_strength": -28.828539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.767591, "energy": 93.792601, "activity_lines": [ 23.970235, 25.080019, 26.445031, 27.128203 ] }, { "date": "2024-05-31", "close": 23.868393, "volume": 0, "typical_volume": 43.85, "trend": 27.406003, "fair_value": 33.848699, "relative_strength": -25.87869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.496982, "energy": 88.644204, "activity_lines": [ 23.783214, 24.68718, 26.097665, 26.897901 ] }, { "date": "2024-06-07", "close": 23.923943, "volume": 0, "typical_volume": 43.85, "trend": 27.400234, "fair_value": 33.695098, "relative_strength": -24.476719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.930487, "energy": 85.722723, "activity_lines": [ 23.791238, 24.387204, 25.788755, 26.673252 ] }, { "date": "2024-06-14", "close": 22.674046, "volume": 0, "typical_volume": 43.85, "trend": 27.321627, "fair_value": 33.535304, "relative_strength": -25.272486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.038575, "energy": 77.55848, "activity_lines": [ 23.418429, 23.94347, 25.390026, 26.368337 ] }, { "date": "2024-06-21", "close": 22.137053, "volume": 0, "typical_volume": 43.85, "trend": 27.183552, "fair_value": 33.371783, "relative_strength": -27.497253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.41617, "energy": 74.047393, "activity_lines": [ 22.958591, 23.491319, 24.973745, 26.033848 ] }, { "date": "2024-06-28", "close": 21.823477, "volume": 0, "typical_volume": 43.85, "trend": 27.008127, "fair_value": 33.206592, "relative_strength": -28.15449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.872138, "energy": 73.535931, "activity_lines": [ 22.493601, 23.074402, 24.561643, 25.688037 ] }, { "date": "2024-07-05", "close": 21.01244, "volume": 0, "typical_volume": 43.85, "trend": 26.787941, "fair_value": 33.041786, "relative_strength": -31.942951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.863055, "energy": 93.758671, "activity_lines": [ 21.869287, 22.593497, 24.102574, 25.301218 ] }, { "date": "2024-07-12", "close": 22.056534, "volume": 0, "typical_volume": 43.85, "trend": 26.557323, "fair_value": 32.888001, "relative_strength": -27.757642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.011657, "energy": 79.150909, "activity_lines": [ 21.783401, 22.402497, 23.779972, 24.995966 ] }, { "date": "2024-07-19", "close": 22.410784, "volume": 0, "typical_volume": 43.85, "trend": 26.328121, "fair_value": 32.724069, "relative_strength": -25.149248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.320323, "energy": 66.322446, "activity_lines": [ 21.940092, 22.319623, 23.522991, 24.728448 ] }, { "date": "2024-07-26", "close": 22.578583, "volume": 0, "typical_volume": 43.85, "trend": 26.090415, "fair_value": 32.550276, "relative_strength": -23.790614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.613633, "energy": 62.839924, "activity_lines": [ 22.170267, 22.297127, 23.309907, 24.486542 ] }, { "date": "2024-08-02", "close": 21.599745, "volume": 431, "typical_volume": 65.4, "trend": 25.813327, "fair_value": 32.396184, "relative_strength": -23.353091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.730814, "energy": 62.19005, "activity_lines": [ 22.044728, 22.115734, 23.031507, 24.196821 ] }, { "date": "2024-08-09", "close": 20.658192, "volume": 0, "typical_volume": 65.4, "trend": 25.474156, "fair_value": 32.244599, "relative_strength": -26.634182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.088465, "energy": 66.915703, "activity_lines": [ 21.620253, 21.797496, 22.692405, 23.864232 ] }, { "date": "2024-08-16", "close": 21.543808, "volume": 0, "typical_volume": 65.4, "trend": 25.190293, "fair_value": 32.089806, "relative_strength": -24.111148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.732041, "energy": 57.470959, "activity_lines": [ 21.5146, 21.698647, 22.474612, 23.610661 ] }, { "date": "2024-08-23", "close": 20.835316, "volume": 431, "typical_volume": 86.95, "trend": 24.893864, "fair_value": 31.930585, "relative_strength": -27.03354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.750701, "energy": 61.997711, "activity_lines": [ 21.206964, 21.514256, 22.222544, 23.329695 ] }, { "date": "2024-08-30", "close": 21.245495, "volume": 0, "typical_volume": 86.95, "trend": 24.625843, "fair_value": 31.768526, "relative_strength": -25.606712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.746478, "energy": 56.042497, "activity_lines": [ 21.141086, 21.437874, 22.041664, 23.094316 ] }, { "date": "2024-09-06", "close": 21.422619, "volume": 0, "typical_volume": 86.95, "trend": 24.400564, "fair_value": 31.609196, "relative_strength": -21.11335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.019821, "energy": 48.660517, "activity_lines": [ 21.223122, 21.409907, 21.906058, 22.887657 ] }, { "date": "2024-09-13", "close": 21.92602, "volume": 0, "typical_volume": 86.95, "trend": 24.171804, "fair_value": 31.44979, "relative_strength": -19.014923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.127519, "energy": 36.583006, "activity_lines": [ 21.484767, 21.480756, 21.842166, 22.728008 ] }, { "date": "2024-09-20", "close": 22.084503, "volume": 0, "typical_volume": 43.1, "trend": 23.949555, "fair_value": 31.29966, "relative_strength": -18.053727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.080612, "energy": 25.118486, "activity_lines": [ 21.714717, 21.563809, 21.815226, 22.593344 ] }, { "date": "2024-09-27", "close": 22.969915, "volume": 0, "typical_volume": 43.1, "trend": 23.772783, "fair_value": 31.157375, "relative_strength": -14.831254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.175139, "energy": 16.529132, "activity_lines": [ 22.203759, 21.807338, 21.883928, 22.530141 ] }, { "date": "2024-10-04", "close": 21.37413, "volume": 0, "typical_volume": 43.1, "trend": 23.537293, "fair_value": 31.005773, "relative_strength": -19.266582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.387405, "energy": 19.769053, "activity_lines": [ 22.018565, 21.750558, 21.80581, 22.375389 ] }, { "date": "2024-10-11", "close": 21.07375, "volume": 0, "typical_volume": 43.1, "trend": 23.316962, "fair_value": 30.856927, "relative_strength": -19.951599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.667426, "energy": 20.553441, "activity_lines": [ 21.724669, 21.661063, 21.709816, 22.216451 ] }, { "date": "2024-10-18", "close": 21.308422, "volume": 0, "typical_volume": 43.1, "trend": 23.079895, "fair_value": 30.706503, "relative_strength": -18.661465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.222714, "energy": 26.996661, "activity_lines": [ 21.532256, 21.623799, 21.647671, 22.086868 ] }, { "date": "2024-10-25", "close": 20.181986, "volume": 1, "typical_volume": 43.15, "trend": 22.802089, "fair_value": 30.553082, "relative_strength": -21.341175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.991761, "energy": 50.901103, "activity_lines": [ 21.005536, 21.369906, 21.490438, 21.899906 ] }, { "date": "2024-11-01", "close": 20.426046, "volume": 0, "typical_volume": 43.15, "trend": 22.563589, "fair_value": 30.411501, "relative_strength": -18.721566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.901771, "energy": 63.23064, "activity_lines": [ 20.687005, 21.185148, 21.374267, 21.746613 ] }, { "date": "2024-11-08", "close": 15.666855, "volume": 469, "typical_volume": 66.6, "trend": 22.178794, "fair_value": 30.239413, "relative_strength": -37.513206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.816527, "energy": 88.302737, "activity_lines": [ 18.951667, 20.142523, 20.815544, 21.301662 ] }, { "date": "2024-11-15", "close": 16.023558, "volume": 60, "typical_volume": 69.6, "trend": 21.83243, "fair_value": 30.07509, "relative_strength": -35.643035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.371172, "energy": 95.777833, "activity_lines": [ 17.715716, 19.266184, 20.321604, 20.90455 ] }, { "date": "2024-11-22", "close": 16.840227, "volume": 0, "typical_volume": 69.6, "trend": 21.509893, "fair_value": 29.934213, "relative_strength": -31.294008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.717232, "energy": 90.057337, "activity_lines": [ 17.088667, 18.636495, 19.933061, 20.582473 ] }, { "date": "2024-11-29", "close": 17.459764, "volume": 0, "typical_volume": 69.6, "trend": 21.276521, "fair_value": 29.789201, "relative_strength": -28.256628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.099488, "energy": 88.19374, "activity_lines": [ 16.966011, 18.211917, 19.623388, 20.321174 ] }, { "date": "2024-12-06", "close": 17.112448, "volume": 0, "typical_volume": 69.6, "trend": 21.045151, "fair_value": 29.62969, "relative_strength": -29.860894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.082368, "energy": 84.565101, "activity_lines": [ 16.909063, 17.808278, 19.302527, 20.052524 ] }, { "date": "2024-12-13", "close": 17.652197, "volume": 0, "typical_volume": 69.6, "trend": 20.845968, "fair_value": 29.46793, "relative_strength": -28.158511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.689647, "energy": 58.329148, "activity_lines": [ 17.252939, 17.609274, 19.058301, 19.833624 ] }, { "date": "2024-12-20", "close": 16.863693, "volume": 25, "typical_volume": 49.3, "trend": 20.625131, "fair_value": 29.298318, "relative_strength": -29.468661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.829894, "energy": 54.65968, "activity_lines": [ 17.201623, 17.334577, 18.762439, 19.576703 ] }, { "date": "2024-12-27", "close": 17.31358, "volume": 0, "typical_volume": 49.3, "trend": 20.406638, "fair_value": 29.126227, "relative_strength": -27.592454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.621845, "energy": 46.210208, "activity_lines": [ 17.244262, 17.218224, 18.531975, 19.363055 ] }, { "date": "2025-01-03", "close": 16.929991, "volume": 0, "typical_volume": 49.3, "trend": 20.173506, "fair_value": 28.951505, "relative_strength": -28.742141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.967169, "energy": 47.375367, "activity_lines": [ 17.12748, 17.104762, 18.280906, 19.138755 ] }, { "date": "2025-01-10", "close": 17.048384, "volume": 0, "typical_volume": 27.75, "trend": 19.985984, "fair_value": 28.794075, "relative_strength": -27.310927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.389755, "energy": 46.764902, "activity_lines": [ 17.08548, 17.071952, 18.063083, 18.937134 ] }, { "date": "2025-01-17", "close": 17.26149, "volume": 0, "typical_volume": 27.75, "trend": 19.823465, "fair_value": 28.634923, "relative_strength": -27.959622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.672816, "energy": 44.077572, "activity_lines": [ 17.118787, 17.139302, 17.883589, 18.76136 ] }, { "date": "2025-01-24", "close": 17.611925, "volume": 0, "typical_volume": 27.75, "trend": 19.68308, "fair_value": 28.479103, "relative_strength": -26.841087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.438608, "energy": 36.331557, "activity_lines": [ 17.294953, 17.241373, 17.756441, 18.61868 ] }, { "date": "2025-01-31", "close": 18.104435, "volume": 0, "typical_volume": 27.75, "trend": 19.586146, "fair_value": 28.33611, "relative_strength": -24.27827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.437266, "energy": 25.303372, "activity_lines": [ 17.585407, 17.404112, 17.694345, 18.516832 ] }, { "date": "2025-02-07", "close": 17.266224, "volume": 0, "typical_volume": 27.75, "trend": 19.426469, "fair_value": 28.173726, "relative_strength": -27.172941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.440002, "energy": 30.915588, "activity_lines": [ 17.543733, 17.391463, 17.570617, 18.36716 ] }, { "date": "2025-02-14", "close": 16.679003, "volume": 548, "typical_volume": 55.15, "trend": 19.23541, "fair_value": 28.000485, "relative_strength": -32.24048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.791422, "energy": 39.847504, "activity_lines": [ 17.283904, 17.275566, 17.413908, 18.189904 ] }, { "date": "2025-02-21", "close": 17.166775, "volume": 0, "typical_volume": 55.15, "trend": 19.055017, "fair_value": 27.81704, "relative_strength": -28.687658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.748017, "energy": 39.854503, "activity_lines": [ 17.21129, 17.256236, 17.33361, 18.056444 ] }, { "date": "2025-02-28", "close": 14.99784, "volume": 2220, "typical_volume": 166.15, "trend": 18.834953, "fair_value": 27.636282, "relative_strength": -38.237671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.750058, "energy": 82.693785, "activity_lines": [ 16.422013, 16.85138, 17.066781, 17.79469 ] }, { "date": "2025-03-07", "close": 13.99388, "volume": 535, "typical_volume": 192.9, "trend": 18.612809, "fair_value": 27.466081, "relative_strength": -43.329665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.966206, "energy": 94.44038, "activity_lines": [ 15.472354, 16.29791, 16.733271, 17.482363 ] }, { "date": "2025-03-14", "close": 13.160404, "volume": 0, "typical_volume": 192.85, "trend": 18.333362, "fair_value": 27.299004, "relative_strength": -45.878722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.389662, "energy": 97.325458, "activity_lines": [ 14.518908, 15.653257, 16.355212, 17.130595 ] }, { "date": "2025-03-21", "close": 13.477694, "volume": 548, "typical_volume": 220.25, "trend": 18.088108, "fair_value": 27.128152, "relative_strength": -43.11729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.105226, "energy": 93.537139, "activity_lines": [ 13.944945, 15.134831, 16.040808, 16.817326 ] }, { "date": "2025-03-28", "close": 13.251274, "volume": 0, "typical_volume": 196.8, "trend": 17.821634, "fair_value": 26.958889, "relative_strength": -41.970387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.699616, "energy": 91.569862, "activity_lines": [ 13.508931, 14.640159, 15.737928, 16.505272 ] }, { "date": "2025-04-04", "close": 11.397916, "volume": 1, "typical_volume": 193.85, "trend": 17.487478, "fair_value": 26.776914, "relative_strength": -43.674766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.488931, "energy": 97.106434, "activity_lines": [ 12.716163, 13.881427, 15.27004, 16.090839 ] }, { "date": "2025-04-11", "close": 10.310803, "volume": 0, "typical_volume": 193.85, "trend": 17.100304, "fair_value": 26.581717, "relative_strength": -47.49159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.931147, "energy": 95.565215, "activity_lines": [ 11.80102, 13.038019, 14.720645, 15.627827 ] }, { "date": "2025-04-18", "close": 10.722661, "volume": 0, "typical_volume": 193.85, "trend": 16.721576, "fair_value": 26.433392, "relative_strength": -47.273797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.460683, "energy": 86.04258, "activity_lines": [ 11.2687, 12.411197, 14.241566, 15.216367 ] }, { "date": "2025-04-25", "close": 11.613421, "volume": 0, "typical_volume": 193.85, "trend": 16.343026, "fair_value": 26.286073, "relative_strength": -43.982365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.373597, "energy": 68.415986, "activity_lines": [ 11.195818, 12.065306, 13.879403, 14.886808 ] }, { "date": "2025-05-02", "close": 11.857664, "volume": 0, "typical_volume": 193.85, "trend": 16.02581, "fair_value": 26.142041, "relative_strength": -42.767587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.716643, "energy": 67.205719, "activity_lines": [ 11.328634, 11.855923, 13.566687, 14.59743 ] }, { "date": "2025-05-09", "close": 13.67271, "volume": 7, "typical_volume": 192.95, "trend": 15.779109, "fair_value": 26.018106, "relative_strength": -36.105755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.352631, "energy": 52.365369, "activity_lines": [ 12.159373, 12.073079, 13.454426, 14.445617 ] }, { "date": "2025-05-16", "close": 14.266551, "volume": 138, "typical_volume": 199.85, "trend": 15.54438, "fair_value": 25.907013, "relative_strength": -34.460438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.306739, "energy": 29.289556, "activity_lines": [ 13.036406, 12.422299, 13.413916, 14.348033 ] }, { "date": "2025-05-23", "close": 13.098024, "volume": 0, "typical_volume": 199.85, "trend": 15.308248, "fair_value": 25.780685, "relative_strength": -38.28727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.574256, "energy": 31.483371, "activity_lines": [ 13.260214, 12.554101, 13.276628, 14.190203 ] }, { "date": "2025-05-30", "close": 13.667921, "volume": 0, "typical_volume": 199.85, "trend": 15.082977, "fair_value": 25.650781, "relative_strength": -35.362615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.686312, "energy": 33.025628, "activity_lines": [ 13.515629, 12.790655, 13.211863, 14.084376 ] }, { "date": "2025-06-06", "close": 13.457203, "volume": 0, "typical_volume": 199.85, "trend": 15.009322, "fair_value": 25.525637, "relative_strength": -35.767805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.741879, "energy": 27.432563, "activity_lines": [ 13.563839, 12.985439, 13.143127, 13.979487 ] }, { "date": "2025-06-13", "close": 13.165072, "volume": 0, "typical_volume": 199.85, "trend": 14.914039, "fair_value": 25.4154, "relative_strength": -34.905422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.484462, "energy": 15.448991, "activity_lines": [ 13.408036, 13.123363, 13.064685, 13.860503 ] }, { "date": "2025-06-20", "close": 12.815472, "volume": 0, "typical_volume": 199.85, "trend": 14.779881, "fair_value": 25.296071, "relative_strength": -35.478624, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.967377, "energy": 17.574482, "activity_lines": [ 13.169542, 13.165594, 12.974123, 13.725112 ] }, { "date": "2025-06-27", "close": 13.146881, "volume": 0, "typical_volume": 199.85, "trend": 14.636118, "fair_value": 25.182119, "relative_strength": -34.224017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.496837, "energy": 22.259923, "activity_lines": [ 13.138256, 13.222542, 12.940309, 13.619757 ] }, { "date": "2025-07-04", "close": 13.63147, "volume": 0, "typical_volume": 172.45, "trend": 14.520085, "fair_value": 25.067819, "relative_strength": -30.506848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.558223, "energy": 19.326289, "activity_lines": [ 13.265242, 13.323519, 12.972262, 13.554941 ] }, { "date": "2025-07-11", "close": 13.398868, "volume": 0, "typical_volume": 172.45, "trend": 14.378308, "fair_value": 24.952862, "relative_strength": -32.33707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.403433, "energy": 17.031652, "activity_lines": [ 13.317125, 13.345514, 12.996575, 13.482604 ] }, { "date": "2025-07-18", "close": 13.049964, "volume": 0, "typical_volume": 61.45, "trend": 14.251183, "fair_value": 24.83302, "relative_strength": -33.203771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.023016, "energy": 14.154985, "activity_lines": [ 13.256596, 13.27605, 13.005602, 13.396905 ] }, { "date": "2025-07-25", "close": 13.287413, "volume": 0, "typical_volume": 34.7, "trend": 14.116978, "fair_value": 24.71496, "relative_strength": -32.356993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.224168, "energy": 8.764832, "activity_lines": [ 13.28289, 13.261081, 13.046518, 13.334726 ] }, { "date": "2025-08-01", "close": 11.954794, "volume": 80, "typical_volume": 38.7, "trend": 13.951138, "fair_value": 24.579979, "relative_strength": -36.546544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.387044, "energy": 30.748011, "activity_lines": [ 12.833515, 13.02162, 12.963882, 13.19523 ] }, { "date": "2025-08-08", "close": 10.64156, "volume": 1, "typical_volume": 11.35, "trend": 13.737577, "fair_value": 24.437558, "relative_strength": -45.797884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.881979, "energy": 73.544326, "activity_lines": [ 12.025867, 12.564175, 12.761917, 12.981709 ] }, { "date": "2025-08-15", "close": 11.484744, "volume": 0, "typical_volume": 11.35, "trend": 13.545019, "fair_value": 24.306388, "relative_strength": -42.059797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.687183, "energy": 73.983949, "activity_lines": [ 11.698609, 12.315062, 12.653761, 12.836365 ] }, { "date": "2025-08-22", "close": 12.105017, "volume": 0, "typical_volume": 11.3, "trend": 13.361455, "fair_value": 24.187341, "relative_strength": -37.247146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.518739, "energy": 72.961407, "activity_lines": [ 11.705716, 12.214588, 12.613091, 12.743462 ] }, { "date": "2025-08-29", "close": 11.697962, "volume": 0, "typical_volume": 11.3, "trend": 13.147906, "fair_value": 24.076481, "relative_strength": -36.134059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.712306, "energy": 72.717527, "activity_lines": [ 11.640135, 12.059377, 12.530286, 12.63614 ] }, { "date": "2025-09-05", "close": 12.046866, "volume": 0, "typical_volume": 11.3, "trend": 12.973928, "fair_value": 23.960747, "relative_strength": -32.896809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.011554, "energy": 41.458297, "activity_lines": [ 11.796818, 11.987923, 12.474105, 12.565105 ] }, { "date": "2025-09-12", "close": 11.252141, "volume": 0, "typical_volume": 11.3, "trend": 12.793032, "fair_value": 23.847462, "relative_strength": -36.863332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.507148, "energy": 43.391558, "activity_lines": [ 11.682456, 11.791973, 12.33593, 12.454022 ] }, { "date": "2025-09-19", "close": 10.874162, "volume": 1, "typical_volume": 11.35, "trend": 12.583278, "fair_value": 23.742089, "relative_strength": -37.552857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.478897, "energy": 50.761817, "activity_lines": [ 11.401394, 11.57056, 12.163478, 12.330224 ] }, { "date": "2025-09-26", "close": 10.413757, "volume": 200, "typical_volume": 21.0, "trend": 12.430476, "fair_value": 23.635013, "relative_strength": -39.264563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.759516, "energy": 64.524159, "activity_lines": [ 11.00757, 11.311341, 11.95186, 12.190255 ] }, { "date": "2025-10-03", "close": 10.94477, "volume": 0, "typical_volume": 14.1, "trend": 12.328839, "fair_value": 23.536053, "relative_strength": -36.340216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.925179, "energy": 70.203696, "activity_lines": [ 10.903501, 11.1966, 11.806334, 12.094403 ] }, { "date": "2025-10-10", "close": 9.971247, "volume": 0, "typical_volume": 14.1, "trend": 12.222533, "fair_value": 23.428048, "relative_strength": -39.698207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.737666, "energy": 81.402937, "activity_lines": [ 10.525137, 10.947449, 11.58391, 11.9423 ] }, { "date": "2025-10-17", "close": 10.462925, "volume": 934, "typical_volume": 60.8, "trend": 12.122041, "fair_value": 23.328139, "relative_strength": -34.222618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.932648, "energy": 68.20907, "activity_lines": [ 10.44904, 10.823759, 11.423201, 11.828777 ] }, { "date": "2025-10-24", "close": 11.170942, "volume": 910, "typical_volume": 106.3, "trend": 12.052697, "fair_value": 23.2221, "relative_strength": -29.836424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.381691, "energy": 45.587102, "activity_lines": [ 10.661563, 10.832047, 11.345185, 11.767416 ] }, { "date": "2025-10-31", "close": 10.679263, "volume": 0, "typical_volume": 106.3, "trend": 12.028742, "fair_value": 23.132829, "relative_strength": -33.568503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.681269, "energy": 45.485641, "activity_lines": [ 10.690408, 10.756644, 11.231229, 11.678807 ] }, { "date": "2025-11-07", "close": 9.4304, "volume": 935, "typical_volume": 153.05, "trend": 11.999395, "fair_value": 23.017917, "relative_strength": -39.830334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.139363, "energy": 55.714763, "activity_lines": [ 10.285265, 10.480098, 11.010171, 11.511172 ] }, { "date": "2025-11-14", "close": 8.93282, "volume": 52, "typical_volume": 155.65, "trend": 11.939733, "fair_value": 22.90048, "relative_strength": -43.288278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.942724, "energy": 78.06127, "activity_lines": [ 9.81522, 10.154311, 10.757843, 11.313328 ] }, { "date": "2025-11-21", "close": 8.787284, "volume": 0, "typical_volume": 155.65, "trend": 11.845529, "fair_value": 22.781619, "relative_strength": -42.464494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.821596, "energy": 90.451226, "activity_lines": [ 9.365891, 9.858682, 10.511722, 11.109945 ] }, { "date": "2025-11-28", "close": 9.570037, "volume": 0, "typical_volume": 155.65, "trend": 11.769275, "fair_value": 22.670638, "relative_strength": -38.986345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.523577, "energy": 82.919632, "activity_lines": [ 9.28919, 9.750187, 10.363217, 10.963139 ] }, { "date": "2025-12-05", "close": 9.589704, "volume": 0, "typical_volume": 155.65, "trend": 11.633174, "fair_value": 22.566027, "relative_strength": -38.639306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.761522, "energy": 75.729445, "activity_lines": [ 9.325771, 9.66898, 10.234817, 10.822521 ] }, { "date": "2025-12-12", "close": 9.792275, "volume": 0, "typical_volume": 155.65, "trend": 11.484032, "fair_value": 22.462628, "relative_strength": -36.444579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.877847, "energy": 52.775363, "activity_lines": [ 9.502513, 9.639587, 10.142187, 10.703754 ] }, { "date": "2025-12-19", "close": 9.339931, "volume": 0, "typical_volume": 151.65, "trend": 11.358762, "fair_value": 22.350403, "relative_strength": -39.784499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.997449, "energy": 46.076771, "activity_lines": [ 9.504348, 9.548903, 10.02312, 10.565424 ] }, { "date": "2025-12-26", "close": 9.454, "volume": 0, "typical_volume": 151.6, "trend": 11.218298, "fair_value": 22.23612, "relative_strength": -38.002243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.023618, "energy": 39.261072, "activity_lines": [ 9.517066, 9.490438, 9.927369, 10.442537 ] }, { "date": "2026-01-02", "close": 9.762, "volume": 60, "typical_volume": 154.6, "trend": 11.095125, "fair_value": 22.116496, "relative_strength": -36.042302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.399851, "energy": 34.18967, "activity_lines": [ 9.588003, 9.506317, 9.866605, 10.348582 ] }, { "date": "2026-01-09", "close": 10.495, "volume": 0, "typical_volume": 154.6, "trend": 11.006122, "fair_value": 21.988128, "relative_strength": -30.619629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.450146, "energy": 21.180835, "activity_lines": [ 9.890476, 9.681086, 9.883855, 10.309864 ] }, { "date": "2026-01-16", "close": 10.565, "volume": 43, "typical_volume": 156.75, "trend": 10.931107, "fair_value": 21.859281, "relative_strength": -29.741953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.90175, "energy": 17.8522, "activity_lines": [ 10.155929, 9.871932, 9.915439, 10.281405 ] }, { "date": "2026-01-23", "close": 10.87, "volume": 0, "typical_volume": 156.75, "trend": 10.855211, "fair_value": 21.733898, "relative_strength": -27.020446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.252403, "energy": 24.1851, "activity_lines": [ 10.471533, 10.097604, 9.981465, 10.277462 ] }, { "date": "2026-01-30", "close": 10.35, "volume": 0, "typical_volume": 156.75, "trend": 10.745828, "fair_value": 21.590144, "relative_strength": -30.16197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.024483, "energy": 23.063536, "activity_lines": [ 10.5118, 10.193509, 10.003571, 10.244868 ] }, { "date": "2026-02-06", "close": 11.375, "volume": 0, "typical_volume": 156.7, "trend": 10.678366, "fair_value": 21.46765, "relative_strength": -22.693486, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.886134, "energy": 50.650426, "activity_lines": [ 10.834, 10.447364, 10.127593, 10.28546 ] }, { "date": "2026-02-13", "close": 11.04, "volume": 10, "typical_volume": 147.2, "trend": 10.611367, "fair_value": 21.343908, "relative_strength": -23.191006, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.78672, "energy": 53.5169, "activity_lines": [ 10.937, 10.607493, 10.217324, 10.308791 ] }, { "date": "2026-02-20", "close": 10.505, "volume": 2753, "typical_volume": 284.85, "trend": 10.51862, "fair_value": 21.221586, "relative_strength": -27.921491, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.403055, "energy": 32.891847, "activity_lines": [ 10.825333, 10.643981, 10.253121, 10.301929 ] }, { "date": "2026-02-27", "close": 12.35, "volume": 1685, "typical_volume": 369.1, "trend": 10.531794, "fair_value": 21.0919, "relative_strength": -12.721293, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.163197, "energy": 65.337095, "activity_lines": [ 11.332667, 11.002964, 10.466727, 10.420082 ] }, { "date": "2026-03-06", "close": 10.96, "volume": 0, "typical_volume": 322.4, "trend": 10.542408, "fair_value": 20.959517, "relative_strength": -17.483878, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.350378, "energy": 32.777224, "activity_lines": [ 11.278, 11.054491, 10.536624, 10.447708 ] }, { "date": "2026-03-13", "close": 9.962, "volume": 0, "typical_volume": 276.9, "trend": 10.49165, "fair_value": 20.821027, "relative_strength": -22.283373, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.975189, "energy": 10.388787, "activity_lines": [ 10.85, 10.897182, 10.509107, 10.410263 ] }, { "date": "2026-03-20", "close": 9.626, "volume": 0, "typical_volume": 276.9, "trend": 10.409016, "fair_value": 20.683257, "relative_strength": -23.12217, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.927311, "energy": 9.437773, "activity_lines": [ 10.4042, 10.675145, 10.455346, 10.354414 ] }, { "date": "2026-03-27", "close": 10.055, "volume": 0, "typical_volume": 230.15, "trend": 10.354251, "fair_value": 20.538217, "relative_strength": -20.045952, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.227829, "energy": 19.4546, "activity_lines": [ 10.195667, 10.546909, 10.447458, 10.331575 ] }, { "date": "2026-04-03", "close": 10.08, "volume": 0, "typical_volume": 227.55, "trend": 10.288689, "fair_value": 20.392609, "relative_strength": -21.843145, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.201639, "energy": 22.25679, "activity_lines": [ 10.025467, 10.432491, 10.438977, 10.313881 ] }, { "date": "2026-04-10", "close": 10.09, "volume": 0, "typical_volume": 227.55, "trend": 10.249951, "fair_value": 20.240186, "relative_strength": -25.934115, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.309469, "energy": 20.437188, "activity_lines": [ 10.009933, 10.334255, 10.425986, 10.301062 ] }, { "date": "2026-04-17", "close": 10.76, "volume": 0, "typical_volume": 227.55, "trend": 10.246145, "fair_value": 20.090658, "relative_strength": -22.331212, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.299575, "energy": 12.099014, "activity_lines": [ 10.275733, 10.362564, 10.4706, 10.333969 ] }, { "date": "2026-04-24", "close": 10.08, "volume": 0, "typical_volume": 227.55, "trend": 10.23502, "fair_value": 19.939687, "relative_strength": -23.965218, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.75027, "energy": 6.117786, "activity_lines": [ 10.261667, 10.278418, 10.444786, 10.32325 ] }, { "date": "2026-05-01", "close": 9.878, "volume": 0, "typical_volume": 227.55, "trend": 10.199461, "fair_value": 19.78707, "relative_strength": -25.282705, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.980631, "energy": 8.794728, "activity_lines": [ 10.15, 10.175, 10.3974, 10.300216 ] }, { "date": "2026-05-08", "close": 9.18, "volume": 4716, "typical_volume": 463.35, "trend": 10.173086, "fair_value": 19.626365, "relative_strength": -30.670363, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.066015, "energy": 23.881834, "activity_lines": [ 9.817467, 9.956073, 10.283129, 10.234444 ] }, { "date": "2026-05-15", "close": 8.652, "volume": 0, "typical_volume": 463.35, "trend": 10.112722, "fair_value": 19.464608, "relative_strength": -33.404431, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -47.164263, "energy": 57.128324, "activity_lines": [ 9.368933, 9.698782, 10.119333, 10.13631 ] }, { "date": "2026-05-22", "close": 8.926, "volume": 0, "typical_volume": 460.35, "trend": 10.03789, "fair_value": 19.321863, "relative_strength": -31.821004, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.457555, "energy": 59.647713, "activity_lines": [ 9.1076, 9.533273, 9.985452, 10.059747 ] }, { "date": "2026-05-29", "close": 9.072, "volume": 165, "typical_volume": 468.6, "trend": 9.984315, "fair_value": 19.169327, "relative_strength": -31.608957, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.561666, "energy": 62.569213, "activity_lines": [ 9.0172, 9.413145, 9.869457, 9.997432 ] }, { "date": "2026-06-05", "close": 8.57, "volume": 1, "typical_volume": 466.5, "trend": 9.955635, "fair_value": 19.015438, "relative_strength": -33.751879, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.911729, "energy": 77.843442, "activity_lines": [ 8.826667, 9.211818, 9.712429, 9.906186 ] }, { "date": "2026-06-12", "close": 8.864, "volume": 0, "typical_volume": 466.5, "trend": 9.953341, "fair_value": 18.863318, "relative_strength": -32.407839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.453051, "energy": 70.728453, "activity_lines": [ 8.821333, 9.090945, 9.5929, 9.835757 ] }, { "date": "2026-06-19", "close": 9.06, "volume": 0, "typical_volume": 466.5, "trend": 9.962432, "fair_value": 18.715485, "relative_strength": -32.791467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.979952, "energy": 62.5715, "activity_lines": [ 8.9024, 9.027818, 9.50159, 9.778123 ] }, { "date": "2026-06-26", "close": 9.744, "volume": 4, "typical_volume": 466.7, "trend": 9.96823, "fair_value": 18.565623, "relative_strength": -25.336417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.155111, "energy": 35.109857, "activity_lines": [ 9.184267, 9.107782, 9.481567, 9.76403 ] }, { "date": "2026-07-03", "close": 10.25, "volume": 0, "typical_volume": 466.2, "trend": 9.99024, "fair_value": 18.42439, "relative_strength": -22.233674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.937983, "energy": 18.298351, "activity_lines": [ 9.580267, 9.298218, 9.5175, 9.782209 ] }, { "date": "2026-07-10", "close": 10.625, "volume": 43, "typical_volume": 330.7, "trend": 10.017998, "fair_value": 18.27959, "relative_strength": -17.311701, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 22.802984, "energy": 31.74708, "activity_lines": [ 10.022733, 9.553745, 9.59291, 9.823161 ] }, { "date": "2026-07-17", "close": 12.06, "volume": 6, "typical_volume": 246.75, "trend": 10.108667, "fair_value": 18.141883, "relative_strength": -3.423688, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.557301, "energy": 59.168504, "activity_lines": [ 10.806533, 10.0566, 9.804414, 9.954903 ] }, { "date": "2026-07-24", "close": 11.455, "volume": 18, "typical_volume": 247.65, "trend": 10.175367, "fair_value": 17.997254, "relative_strength": -8.548438, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.891308, "energy": 70.701364, "activity_lines": [ 11.1756, 10.397091, 9.959681, 10.041763 ] }, { "date": "2026-07-31", "close": 11.525, "volume": 0, "typical_volume": 247.65, "trend": 10.234133, "fair_value": 17.861032, "relative_strength": -7.193012, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.780002, "energy": 70.527003, "activity_lines": [ 11.408333, 10.699345, 10.119257, 10.128837 ] }, { "date": "2026-08-07", "close": 10.545, "volume": 1361, "typical_volume": 315.7, "trend": 10.2358, "fair_value": 17.723914, "relative_strength": -17.015889, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.956219, "energy": 62.131592, "activity_lines": [ 11.195667, 10.776164, 10.178057, 10.148892 ] } ], "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." } } }