{ "ticker": { "uuid": "bcebcc2e-4feb-4bf0-83ab-a975fdc5d078", "symbol": "PD", "name": "Pagerduty Inc", "exchange": "NYSE", "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": "SPY", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 79.766, "architecture_energy": 63.589, "architecture_maturity": 22.0, "architecture_confidence": 66.356, "architecture_tenure": "New", "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": 14.96, "rotation_up": 69.81, "upward_expansion": 86.88, "deceleration": 48.28, "rotation_down": 15.27, "downward_expansion": 11.21 }, "activity_lines": [ 10.596, 10.140182, 9.264905, 8.693032 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 11.69, "trend_reference": 8.382, "distance_from_trend": 0.394655, "trend_direction": "Weakening", "fair_value": 16.936282, "distance_from_fair_value": -0.309766, "fair_value_direction": "Improving", "relative_strength": -7.471338, "relative_strength_direction": "Improving", "price_momentum": 0.45398, "excess_performance": 0.328355, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.394655, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.125509, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.309766, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.288551, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.074713, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.418479, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.45398, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.067167, "read": "Demand-led" } ], "volume": { "latest": 5688183, "relative_activity": 0.559087, "balance": 1.067167, "dry_up": 0.717638, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.118268, "annualized_volatility": 0.778471, "from_high_reference": -0.323887, "from_low_reference": 1.050877 }, "levels": { "trend_reference": 8.382, "fair_value_reference": 16.936282, "structural_low": 5.7, "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": 7, "median_return": -0.108696, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.117103, "regime_survival": 0.571429, "best_return": 0.198809, "worst_return": -0.198606, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.091785, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.15504, "regime_survival": 0.0, "best_return": -0.001036, "worst_return": -0.273742, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.194887, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.278439, "regime_survival": 0.0, "best_return": -0.171961, "worst_return": -0.264687, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.191115, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.390632, "regime_survival": 0.0, "best_return": -0.131215, "worst_return": -0.503896, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-08-09", "tenure": "Developing", "return": -0.138173, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2024-11-15", "tenure": "Established", "return": -0.029151, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.027576, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.130701, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": -0.012339, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.012022, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.183202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-08-08", "tenure": "Established", "return": -0.000646, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.044388, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-09-19", "tenure": "New", "return": -0.007299, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-21", "tenure": "Developing", "return": -0.076255, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-05-22", "tenure": "Established", "return": -0.4, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-29", "end": "2026-07-31", "tenure": "Developing", "return": 0.063317, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 23.68, "volume": 4451265, "typical_volume": 6863042.45, "trend": 27.558667, "fair_value": 32.749038, "relative_strength": -16.467614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.026844, "energy": 24.315467, "activity_lines": [ 24.210667, 23.865455, 24.441762, 25.928086 ] }, { "date": "2023-08-25", "close": 24.13, "volume": 5163933, "typical_volume": 6845423.85, "trend": 27.383, "fair_value": 32.706923, "relative_strength": -15.298606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.172322, "energy": 25.663918, "activity_lines": [ 24.14, 23.997818, 24.256238, 25.706882 ] }, { "date": "2023-09-01", "close": 23.77, "volume": 9458816, "typical_volume": 7018728.5, "trend": 27.131667, "fair_value": 32.698077, "relative_strength": -18.437507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.687487, "energy": 34.678328, "activity_lines": [ 23.955333, 24.033273, 24.074857, 25.473785 ] }, { "date": "2023-09-08", "close": 23.4, "volume": 4079318, "typical_volume": 6912374.3, "trend": 26.946333, "fair_value": 32.694231, "relative_strength": -18.430823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.550482, "energy": 34.612495, "activity_lines": [ 23.720667, 23.958182, 23.903333, 25.233032 ] }, { "date": "2023-09-15", "close": 23.62, "volume": 4978978, "typical_volume": 6859758.85, "trend": 26.717333, "fair_value": 32.686474, "relative_strength": -17.342483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.612009, "energy": 31.442339, "activity_lines": [ 23.663333, 23.906364, 23.803048, 25.01843 ] }, { "date": "2023-09-22", "close": 22.6, "volume": 4943854, "typical_volume": 6853045.1, "trend": 26.512333, "fair_value": 32.661474, "relative_strength": -18.297356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.952632, "energy": 38.835814, "activity_lines": [ 23.29, 23.638364, 23.636286, 24.752796 ] }, { "date": "2023-09-29", "close": 22.49, "volume": 5340381, "typical_volume": 6919154.55, "trend": 26.237333, "fair_value": 32.628526, "relative_strength": -17.816002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.417579, "energy": 45.194604, "activity_lines": [ 22.952, 23.377818, 23.488095, 24.49329 ] }, { "date": "2023-10-06", "close": 21.88, "volume": 5564503, "typical_volume": 6847073.6, "trend": 26.071333, "fair_value": 32.579423, "relative_strength": -20.107333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.459213, "energy": 50.41952, "activity_lines": [ 22.52, 23.037818, 23.312476, 24.212172 ] }, { "date": "2023-10-13", "close": 20.59, "volume": 19673095, "typical_volume": 7516310.45, "trend": 25.688667, "fair_value": 32.516154, "relative_strength": -24.902282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.217668, "energy": 73.925608, "activity_lines": [ 21.784, 22.517636, 23.046524, 23.858538 ] }, { "date": "2023-10-20", "close": 19.65, "volume": 6138508, "typical_volume": 6869145.85, "trend": 25.289, "fair_value": 32.455449, "relative_strength": -26.199833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.611484, "energy": 81.02864, "activity_lines": [ 20.922, 21.906, 22.719857, 23.468946 ] }, { "date": "2023-10-27", "close": 19.64, "volume": 5877102, "typical_volume": 6572205.95, "trend": 24.777667, "fair_value": 32.407628, "relative_strength": -23.918917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.084807, "energy": 82.808316, "activity_lines": [ 20.321333, 21.371273, 22.40819, 23.104495 ] }, { "date": "2023-11-03", "close": 21.43, "volume": 5459155, "typical_volume": 6366070.7, "trend": 24.418667, "fair_value": 32.352244, "relative_strength": -21.410083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.67202, "energy": 71.040994, "activity_lines": [ 20.514667, 21.235455, 22.278714, 22.888516 ] }, { "date": "2023-11-10", "close": 21.69, "volume": 9566719, "typical_volume": 6459745.9, "trend": 24.033667, "fair_value": 32.297564, "relative_strength": -21.197106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.413627, "energy": 47.327469, "activity_lines": [ 20.865333, 21.196, 22.178619, 22.712473 ] }, { "date": "2023-11-17", "close": 21.77, "volume": 9609275, "typical_volume": 6646578.1, "trend": 23.627333, "fair_value": 32.237372, "relative_strength": -22.503248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.617209, "energy": 31.056869, "activity_lines": [ 21.255333, 21.208909, 22.084714, 22.56643 ] }, { "date": "2023-11-24", "close": 21.81, "volume": 4034668, "typical_volume": 6659900.6, "trend": 23.352333, "fair_value": 32.158013, "relative_strength": -22.958276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.329103, "energy": 19.824754, "activity_lines": [ 21.58, 21.258727, 21.998, 22.449183 ] }, { "date": "2023-12-01", "close": 21.73, "volume": 12510344, "typical_volume": 6927998.1, "trend": 23.12, "fair_value": 32.035513, "relative_strength": -23.598235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.774044, "energy": 19.421635, "activity_lines": [ 21.734, 21.326909, 21.904238, 22.344516 ] }, { "date": "2023-12-08", "close": 22.07, "volume": 9060012, "typical_volume": 7063349.55, "trend": 22.891333, "fair_value": 31.899744, "relative_strength": -22.263871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.198748, "energy": 17.438256, "activity_lines": [ 21.862, 21.472727, 21.85419, 22.276774 ] }, { "date": "2023-12-15", "close": 23.33, "volume": 8746623, "typical_volume": 7264925.45, "trend": 22.712, "fair_value": 31.759487, "relative_strength": -19.229826, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.482893, "energy": 11.97523, "activity_lines": [ 22.367333, 21.855273, 21.934381, 22.305075 ] }, { "date": "2023-12-22", "close": 23.93, "volume": 6155227, "typical_volume": 7254973.0, "trend": 22.621667, "fair_value": 31.617628, "relative_strength": -17.395161, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.345709, "energy": 23.142397, "activity_lines": [ 22.963333, 22.320545, 22.079048, 22.383656 ] }, { "date": "2023-12-29", "close": 23.15, "volume": 3595469, "typical_volume": 7220362.25, "trend": 22.626667, "fair_value": 31.498718, "relative_strength": -19.816927, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.206876, "energy": 22.143053, "activity_lines": [ 23.155333, 22.583273, 22.154333, 22.417742 ] }, { "date": "2024-01-05", "close": 21.32, "volume": 7047772, "typical_volume": 7350187.6, "trend": 22.600667, "fair_value": 31.35, "relative_strength": -24.597881, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.889006, "energy": 11.535127, "activity_lines": [ 22.648, 22.449636, 22.059286, 22.333441 ] }, { "date": "2024-01-12", "close": 26.23, "volume": 17897615, "typical_volume": 7986871.7, "trend": 22.728333, "fair_value": 31.22609, "relative_strength": -8.483222, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.512199, "energy": 44.718014, "activity_lines": [ 23.804667, 23.178182, 22.443095, 22.567591 ] }, { "date": "2024-01-19", "close": 25.86, "volume": 6375327, "typical_volume": 7832697.25, "trend": 22.877333, "fair_value": 31.07859, "relative_strength": -10.337695, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.980423, "energy": 50.607897, "activity_lines": [ 24.560667, 23.752182, 22.781667, 22.769634 ] }, { "date": "2024-01-26", "close": 23.79, "volume": 6553591, "typical_volume": 7956410.9, "trend": 22.921, "fair_value": 30.918718, "relative_strength": -17.701842, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.841729, "energy": 36.438673, "activity_lines": [ 24.458, 23.874, 22.913143, 22.828516 ] }, { "date": "2024-02-02", "close": 23.77, "volume": 4686696, "typical_volume": 7941796.8, "trend": 22.982333, "fair_value": 30.71859, "relative_strength": -18.155537, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.618751, "energy": 44.760666, "activity_lines": [ 24.358, 23.955455, 23.040857, 22.88329 ] }, { "date": "2024-02-09", "close": 25.16, "volume": 4100370, "typical_volume": 7899622.6, "trend": 23.017333, "fair_value": 30.517179, "relative_strength": -13.937674, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.007203, "energy": 44.527728, "activity_lines": [ 24.68, 24.254, 23.300238, 23.023785 ] }, { "date": "2024-02-16", "close": 23.86, "volume": 5677458, "typical_volume": 7916476.45, "trend": 23.005333, "fair_value": 30.336603, "relative_strength": -17.338551, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.882991, "energy": 26.886568, "activity_lines": [ 24.312667, 24.253818, 23.423619, 23.078151 ] }, { "date": "2024-02-23", "close": 23.26, "volume": 3630007, "typical_volume": 7819751.65, "trend": 22.951667, "fair_value": 30.19891, "relative_strength": -19.999332, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.279985, "energy": 18.733453, "activity_lines": [ 23.903333, 24.112, 23.483333, 23.094581 ] }, { "date": "2024-03-01", "close": 24.65, "volume": 4567477, "typical_volume": 7064470.75, "trend": 22.941333, "fair_value": 30.115897, "relative_strength": -15.214857, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.337968, "energy": 22.727478, "activity_lines": [ 24.130667, 24.224182, 23.668857, 23.204151 ] }, { "date": "2024-03-08", "close": 24.66, "volume": 4434772, "typical_volume": 6979283.95, "trend": 22.964, "fair_value": 30.003205, "relative_strength": -14.340024, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.518736, "energy": 20.533017, "activity_lines": [ 24.304, 24.325091, 23.836, 23.315032 ] }, { "date": "2024-03-15", "close": 21.25, "volume": 9831515, "typical_volume": 7177004.6, "trend": 22.883, "fair_value": 29.875449, "relative_strength": -25.076609, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.420559, "energy": 9.753802, "activity_lines": [ 23.281333, 23.778545, 23.654524, 23.204452 ] }, { "date": "2024-03-22", "close": 22.38, "volume": 7171572, "typical_volume": 7262625.45, "trend": 22.824667, "fair_value": 29.772308, "relative_strength": -21.783093, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.791599, "energy": 10.478712, "activity_lines": [ 22.896, 23.438727, 23.573, 23.172 ] }, { "date": "2024-03-29", "close": 22.68, "volume": 3693443, "typical_volume": 6968961.65, "trend": 22.788333, "fair_value": 29.653782, "relative_strength": -19.79913, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.444373, "energy": 14.228205, "activity_lines": [ 22.709333, 23.223455, 23.515524, 23.162667 ] }, { "date": "2024-04-05", "close": 22.47, "volume": 6100813, "typical_volume": 6793538.55, "trend": 22.757333, "fair_value": 29.528269, "relative_strength": -18.776133, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.420678, "energy": 19.35094, "activity_lines": [ 22.491333, 23.027818, 23.433333, 23.142129 ] }, { "date": "2024-04-12", "close": 22.12, "volume": 4612776, "typical_volume": 6822443.95, "trend": 22.707333, "fair_value": 29.399038, "relative_strength": -17.714263, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.484982, "energy": 29.475664, "activity_lines": [ 22.302, 22.792545, 23.314476, 23.101011 ] }, { "date": "2024-04-19", "close": 20.61, "volume": 6452065, "typical_volume": 6519530.0, "trend": 22.641, "fair_value": 29.260128, "relative_strength": -19.670105, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.853342, "energy": 40.446697, "activity_lines": [ 21.778667, 22.312727, 23.050333, 22.965699 ] }, { "date": "2024-04-26", "close": 20.83, "volume": 6083428, "typical_volume": 6370700.8, "trend": 22.585667, "fair_value": 29.121474, "relative_strength": -19.944231, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.132624, "energy": 47.878074, "activity_lines": [ 21.371333, 21.955636, 22.812476, 22.84886 ] }, { "date": "2024-05-03", "close": 20.39, "volume": 4659293, "typical_volume": 6166334.3, "trend": 22.536, "fair_value": 29.011538, "relative_strength": -21.191188, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.037518, "energy": 53.744346, "activity_lines": [ 20.920667, 21.573636, 22.538619, 22.707204 ] }, { "date": "2024-05-10", "close": 19.92, "volume": 3921560, "typical_volume": 6054650.95, "trend": 22.513667, "fair_value": 28.915705, "relative_strength": -23.457627, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.434218, "energy": 59.466369, "activity_lines": [ 20.466, 21.158364, 22.234, 22.53843 ] }, { "date": "2024-05-17", "close": 21.67, "volume": 4344018, "typical_volume": 6092078.4, "trend": 22.581, "fair_value": 28.821603, "relative_strength": -17.174014, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.502127, "energy": 54.38567, "activity_lines": [ 20.764667, 21.147273, 22.115143, 22.484 ] }, { "date": "2024-05-24", "close": 19.77, "volume": 5386435, "typical_volume": 6009011.55, "trend": 22.585333, "fair_value": 28.687756, "relative_strength": -23.632005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.00665, "energy": 53.846734, "activity_lines": [ 20.46, 20.845091, 21.822381, 22.302645 ] }, { "date": "2024-05-31", "close": 18.97, "volume": 8062351, "typical_volume": 5517248.35, "trend": 22.503333, "fair_value": 28.582692, "relative_strength": -25.893683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.98136, "energy": 52.659401, "activity_lines": [ 19.944667, 20.424364, 21.46081, 22.069398 ] }, { "date": "2024-06-07", "close": 19.71, "volume": 5731610, "typical_volume": 5485062.5, "trend": 22.437333, "fair_value": 28.449808, "relative_strength": -23.498159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.116561, "energy": 42.054008, "activity_lines": [ 19.8, 20.200182, 21.204286, 21.889183 ] }, { "date": "2024-06-14", "close": 21.58, "volume": 6244992, "typical_volume": 5469632.55, "trend": 22.431, "fair_value": 28.307885, "relative_strength": -17.205126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.825536, "energy": 37.532586, "activity_lines": [ 20.324, 20.37, 21.155143, 21.833871 ] }, { "date": "2024-06-21", "close": 21.4, "volume": 4569827, "typical_volume": 5463789.1, "trend": 22.417333, "fair_value": 28.155897, "relative_strength": -18.067926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.574233, "energy": 26.777128, "activity_lines": [ 20.677333, 20.523273, 21.099381, 21.767355 ] }, { "date": "2024-06-28", "close": 22.93, "volume": 5922316, "typical_volume": 5554886.4, "trend": 22.457333, "fair_value": 28.032308, "relative_strength": -11.834936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.715731, "energy": 15.976095, "activity_lines": [ 21.558667, 20.967818, 21.200619, 21.80043 ] }, { "date": "2024-07-05", "close": 21.79, "volume": 2983452, "typical_volume": 5420186.1, "trend": 22.448, "fair_value": 27.890962, "relative_strength": -17.4126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.566227, "energy": 22.804614, "activity_lines": [ 21.849333, 21.162909, 21.203905, 21.757376 ] }, { "date": "2024-07-12", "close": 21.35, "volume": 6351453, "typical_volume": 5556258.4, "trend": 22.382, "fair_value": 27.781346, "relative_strength": -19.321964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.613549, "energy": 16.593719, "activity_lines": [ 21.805333, 21.260545, 21.175143, 21.686538 ] }, { "date": "2024-07-19", "close": 20.23, "volume": 7241434, "typical_volume": 5689956.25, "trend": 22.258667, "fair_value": 27.645385, "relative_strength": -21.464302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.544508, "energy": 16.00835, "activity_lines": [ 21.278667, 21.137091, 21.04881, 21.547699 ] }, { "date": "2024-07-26", "close": 21.05, "volume": 5893004, "typical_volume": 5762867.85, "trend": 22.188667, "fair_value": 27.520128, "relative_strength": -17.035873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.599453, "energy": 15.68253, "activity_lines": [ 21.115333, 21.157091, 21.021619, 21.46972 ] }, { "date": "2024-08-02", "close": 19.45, "volume": 5341071, "typical_volume": 5538345.65, "trend": 22.126333, "fair_value": 27.372949, "relative_strength": -21.025228, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.9583, "energy": 31.559882, "activity_lines": [ 20.442, 20.897455, 20.859238, 21.293032 ] }, { "date": "2024-08-09", "close": 18.4, "volume": 4457382, "typical_volume": 5402636.15, "trend": 21.865333, "fair_value": 27.231731, "relative_strength": -24.673006, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.548669, "energy": 57.061465, "activity_lines": [ 19.650667, 20.452727, 20.605429, 21.052624 ] }, { "date": "2024-08-16", "close": 19.21, "volume": 4904030, "typical_volume": 5463165.5, "trend": 21.643667, "fair_value": 27.107244, "relative_strength": -23.730267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.516033, "energy": 57.282923, "activity_lines": [ 19.355333, 20.165636, 20.447714, 20.881312 ] }, { "date": "2024-08-23", "close": 20.17, "volume": 3649378, "typical_volume": 5340593.75, "trend": 21.523, "fair_value": 26.968333, "relative_strength": -20.367697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.24461, "energy": 54.215504, "activity_lines": [ 19.522667, 20.062182, 20.397952, 20.786237 ] }, { "date": "2024-08-30", "close": 19.78, "volume": 3194135, "typical_volume": 5269661.7, "trend": 21.39, "fair_value": 26.79141, "relative_strength": -21.508025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.092667, "energy": 45.113038, "activity_lines": [ 19.564, 19.913455, 20.322, 20.673785 ] }, { "date": "2024-09-06", "close": 17.78, "volume": 9814538, "typical_volume": 5437785.35, "trend": 21.144, "fair_value": 26.623013, "relative_strength": -25.749391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.159304, "energy": 44.787351, "activity_lines": [ 19.023333, 19.430545, 20.066714, 20.440882 ] }, { "date": "2024-09-13", "close": 17.81, "volume": 3998004, "typical_volume": 5333514.15, "trend": 20.942333, "fair_value": 26.432756, "relative_strength": -27.79549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.579183, "energy": 52.67082, "activity_lines": [ 18.604, 19.046727, 19.827762, 20.225785 ] }, { "date": "2024-09-20", "close": 18.06, "volume": 5165096, "typical_volume": 5358804.3, "trend": 20.769, "fair_value": 26.250962, "relative_strength": -27.125303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.728665, "energy": 58.71765, "activity_lines": [ 18.307333, 18.780727, 19.627, 20.039828 ] }, { "date": "2024-09-27", "close": 18.48, "volume": 3513545, "typical_volume": 5338403.55, "trend": 20.563333, "fair_value": 26.098269, "relative_strength": -25.158119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.442434, "energy": 59.133602, "activity_lines": [ 18.227333, 18.650909, 19.477333, 19.892151 ] }, { "date": "2024-10-04", "close": 18.05, "volume": 3946389, "typical_volume": 5318522.1, "trend": 20.343, "fair_value": 25.961026, "relative_strength": -26.433203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.369582, "energy": 51.882552, "activity_lines": [ 18.116667, 18.474727, 19.293571, 19.73 ] }, { "date": "2024-10-11", "close": 18.27, "volume": 3926819, "typical_volume": 5245541.3, "trend": 20.243667, "fair_value": 25.813269, "relative_strength": -25.823469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.402697, "energy": 38.293277, "activity_lines": [ 18.194667, 18.393091, 19.148, 19.596258 ] }, { "date": "2024-10-18", "close": 19.0, "volume": 3003639, "typical_volume": 4992605.7, "trend": 20.131, "fair_value": 25.665897, "relative_strength": -23.005634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.494462, "energy": 27.13751, "activity_lines": [ 18.483333, 18.465636, 19.079095, 19.516022 ] }, { "date": "2024-10-25", "close": 17.96, "volume": 2749841, "typical_volume": 4843517.25, "trend": 19.973667, "fair_value": 25.513397, "relative_strength": -25.933516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.826233, "energy": 29.814608, "activity_lines": [ 18.346, 18.338182, 18.911, 19.375957 ] }, { "date": "2024-11-01", "close": 18.47, "volume": 2734244, "typical_volume": 4667979.85, "trend": 19.840333, "fair_value": 25.352885, "relative_strength": -22.133007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.174513, "energy": 25.201822, "activity_lines": [ 18.385333, 18.326182, 18.79981, 19.278946 ] }, { "date": "2024-11-08", "close": 19.89, "volume": 3808835, "typical_volume": 4629930.25, "trend": 19.766, "fair_value": 25.210385, "relative_strength": -19.330712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.220519, "energy": 13.401521, "activity_lines": [ 18.898667, 18.603273, 18.838667, 19.282151 ] }, { "date": "2024-11-15", "close": 18.65, "volume": 4450531, "typical_volume": 4556341.0, "trend": 19.700667, "fair_value": 25.079936, "relative_strength": -22.131893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.290398, "energy": 14.607641, "activity_lines": [ 18.876, 18.652909, 18.766619, 19.210151 ] }, { "date": "2024-11-22", "close": 20.67, "volume": 3611965, "typical_volume": 4587766.65, "trend": 19.695333, "fair_value": 24.975321, "relative_strength": -14.556092, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.820116, "energy": 13.57258, "activity_lines": [ 19.501333, 19.054, 18.907333, 19.272688 ] }, { "date": "2024-11-29", "close": 21.24, "volume": 6300972, "typical_volume": 4585242.6, "trend": 19.723667, "fair_value": 24.912885, "relative_strength": -12.699874, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.060033, "energy": 30.471574, "activity_lines": [ 20.205333, 19.506727, 19.107667, 19.372344 ] }, { "date": "2024-12-06", "close": 21.27, "volume": 10621687, "typical_volume": 4754255.25, "trend": 19.768667, "fair_value": 24.828205, "relative_strength": -12.76756, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.898549, "energy": 51.620312, "activity_lines": [ 20.700667, 19.907091, 19.311381, 19.472108 ] }, { "date": "2024-12-13", "close": 20.18, "volume": 5027344, "typical_volume": 4710972.25, "trend": 19.719, "fair_value": 24.736474, "relative_strength": -16.069605, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.248613, "energy": 46.360445, "activity_lines": [ 20.646, 20.058545, 19.406333, 19.498645 ] }, { "date": "2024-12-20", "close": 18.49, "volume": 7702955, "typical_volume": 4829066.45, "trend": 19.676333, "fair_value": 24.623269, "relative_strength": -20.902137, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.861392, "energy": 14.022217, "activity_lines": [ 20.008667, 19.864, 19.344476, 19.419355 ] }, { "date": "2024-12-27", "close": 17.83, "volume": 3334472, "typical_volume": 4772920.95, "trend": 19.638333, "fair_value": 24.514808, "relative_strength": -23.499961, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.618034, "energy": 22.327074, "activity_lines": [ 19.162, 19.545455, 19.224333, 19.300237 ] }, { "date": "2025-01-03", "close": 18.18, "volume": 4204599, "typical_volume": 4737949.4, "trend": 19.587333, "fair_value": 24.426795, "relative_strength": -20.996382, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.964315, "energy": 32.828966, "activity_lines": [ 18.621333, 19.311818, 19.140238, 19.206151 ] }, { "date": "2025-01-10", "close": 17.61, "volume": 4337824, "typical_volume": 4772371.7, "trend": 19.455, "fair_value": 24.340962, "relative_strength": -20.969767, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.01952, "energy": 44.075627, "activity_lines": [ 18.094667, 18.970545, 19.006762, 19.078581 ] }, { "date": "2025-01-17", "close": 18.3, "volume": 4158095, "typical_volume": 4820569.7, "trend": 19.351667, "fair_value": 24.265192, "relative_strength": -19.264629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.523156, "energy": 46.150987, "activity_lines": [ 18.042, 18.770364, 18.95119, 19.004065 ] }, { "date": "2025-01-24", "close": 18.88, "volume": 2678734, "typical_volume": 4463779.5, "trend": 19.216667, "fair_value": 24.180128, "relative_strength": -17.359158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.20669, "energy": 38.919962, "activity_lines": [ 18.308, 18.704545, 18.957905, 18.973634 ] }, { "date": "2025-01-31", "close": 18.52, "volume": 5350806, "typical_volume": 4531419.6, "trend": 19.107667, "fair_value": 24.095321, "relative_strength": -17.34828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.641168, "energy": 25.802717, "activity_lines": [ 18.428, 18.569091, 18.925095, 18.928688 ] }, { "date": "2025-02-07", "close": 19.05, "volume": 3712679, "typical_volume": 4458798.75, "trend": 19.031, "fair_value": 24.001731, "relative_strength": -13.98433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.177362, "energy": 9.652081, "activity_lines": [ 18.678667, 18.569091, 18.939381, 18.924968 ] }, { "date": "2025-02-14", "close": 19.3, "volume": 4259548, "typical_volume": 4496098.9, "trend": 19.0, "fair_value": 23.921923, "relative_strength": -13.376149, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.501125, "energy": 9.629834, "activity_lines": [ 18.954667, 18.654364, 18.972762, 18.942323 ] }, { "date": "2025-02-21", "close": 18.11, "volume": 3602835, "typical_volume": 4478921.2, "trend": 18.902, "fair_value": 23.827244, "relative_strength": -16.684516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.874817, "energy": 12.012779, "activity_lines": [ 18.721333, 18.559091, 18.888905, 18.884903 ] }, { "date": "2025-02-28", "close": 17.72, "volume": 4942800, "typical_volume": 4529720.25, "trend": 18.844333, "fair_value": 23.750705, "relative_strength": -16.856225, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.641613, "energy": 25.461364, "activity_lines": [ 18.370667, 18.430545, 18.767619, 18.808645 ] }, { "date": "2025-03-07", "close": 17.5, "volume": 6181986, "typical_volume": 4688637.6, "trend": 18.814333, "fair_value": 23.692436, "relative_strength": -14.440018, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.042995, "energy": 43.805231, "activity_lines": [ 18.024, 18.276, 18.628, 18.721914 ] }, { "date": "2025-03-14", "close": 18.38, "volume": 10086575, "typical_volume": 5055474.3, "trend": 18.786667, "fair_value": 23.58641, "relative_strength": -7.572596, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.737718, "energy": 40.529355, "activity_lines": [ 18.038667, 18.287455, 18.579333, 18.693892 ] }, { "date": "2025-03-21", "close": 18.89, "volume": 7921264, "typical_volume": 5314825.3, "trend": 18.744, "fair_value": 23.479744, "relative_strength": -4.974056, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.93121, "energy": 27.031173, "activity_lines": [ 18.268, 18.388, 18.577238, 18.700559 ] }, { "date": "2025-03-28", "close": 18.77, "volume": 5036130, "typical_volume": 5376190.05, "trend": 18.710333, "fair_value": 23.380705, "relative_strength": -3.631287, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.799866, "energy": 13.069963, "activity_lines": [ 18.484667, 18.443455, 18.561714, 18.702237 ] }, { "date": "2025-04-04", "close": 15.56, "volume": 6983652, "typical_volume": 5502846.1, "trend": 18.636333, "fair_value": 23.279359, "relative_strength": -11.510769, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.573737, "energy": 38.894335, "activity_lines": [ 17.587333, 17.906727, 18.24581, 18.498989 ] }, { "date": "2025-04-11", "close": 15.47, "volume": 8479275, "typical_volume": 5746211.6, "trend": 18.558333, "fair_value": 23.169423, "relative_strength": -16.05481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.275096, "energy": 60.755375, "activity_lines": [ 16.804, 17.414, 17.936048, 18.29471 ] }, { "date": "2025-04-18", "close": 14.74, "volume": 3730083, "typical_volume": 5617667.15, "trend": 18.447667, "fair_value": 23.075256, "relative_strength": -18.227183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.233418, "energy": 76.882229, "activity_lines": [ 15.912667, 16.844, 17.581524, 18.048366 ] }, { "date": "2025-04-25", "close": 15.75, "volume": 5146982, "typical_volume": 5343931.9, "trend": 18.356667, "fair_value": 22.993077, "relative_strength": -15.859279, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.170097, "energy": 73.67909, "activity_lines": [ 15.600667, 16.536, 17.354143, 17.874323 ] }, { "date": "2025-05-02", "close": 15.47, "volume": 6317684, "typical_volume": 5408448.9, "trend": 18.270667, "fair_value": 22.927051, "relative_strength": -19.106699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.293259, "energy": 72.787342, "activity_lines": [ 15.404667, 16.241636, 17.126381, 17.688086 ] }, { "date": "2025-05-09", "close": 15.91, "volume": 4828348, "typical_volume": 5264718.55, "trend": 18.192, "fair_value": 22.859936, "relative_strength": -15.944283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.661308, "energy": 60.987353, "activity_lines": [ 15.575333, 16.075273, 16.962952, 17.535785 ] }, { "date": "2025-05-16", "close": 16.85, "volume": 5133658, "typical_volume": 5354677.85, "trend": 18.120333, "fair_value": 22.814615, "relative_strength": -14.812209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.842386, "energy": 35.018605, "activity_lines": [ 16.036, 16.112727, 16.901333, 17.449204 ] }, { "date": "2025-05-23", "close": 15.92, "volume": 4052331, "typical_volume": 5347064.45, "trend": 18.052333, "fair_value": 22.751346, "relative_strength": -16.921183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.005166, "energy": 28.251548, "activity_lines": [ 16.094667, 15.992909, 16.75581, 17.307247 ] }, { "date": "2025-05-30", "close": 14.26, "volume": 8390700, "typical_volume": 5549708.25, "trend": 17.912, "fair_value": 22.675962, "relative_strength": -26.358315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.904705, "energy": 40.085032, "activity_lines": [ 15.521333, 15.616, 16.462952, 17.062581 ] }, { "date": "2025-06-06", "close": 16.34, "volume": 9597394, "typical_volume": 5821673.2, "trend": 17.793667, "fair_value": 22.620385, "relative_strength": -16.496013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.832255, "energy": 26.290544, "activity_lines": [ 15.740667, 15.701455, 16.384143, 16.961161 ] }, { "date": "2025-06-13", "close": 14.38, "volume": 6665884, "typical_volume": 6021030.7, "trend": 17.651333, "fair_value": 22.559038, "relative_strength": -25.539775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.666692, "energy": 42.816971, "activity_lines": [ 15.248667, 15.474727, 16.128, 16.740925 ] }, { "date": "2025-06-20", "close": 13.92, "volume": 7030100, "typical_volume": 6104995.4, "trend": 17.426333, "fair_value": 22.465705, "relative_strength": -27.098522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.914924, "energy": 58.515328, "activity_lines": [ 14.705333, 15.185818, 15.849476, 16.500194 ] }, { "date": "2025-06-27", "close": 15.23, "volume": 7578133, "typical_volume": 6298268.1, "trend": 17.226, "fair_value": 22.400321, "relative_strength": -22.079498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.023531, "energy": 39.202793, "activity_lines": [ 14.794, 15.163273, 15.717619, 16.358495 ] }, { "date": "2025-07-04", "close": 15.99, "volume": 6278854, "typical_volume": 6399233.4, "trend": 17.05, "fair_value": 22.324487, "relative_strength": -18.858302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.297883, "energy": 36.900799, "activity_lines": [ 15.182, 15.27, 15.676333, 16.278753 ] }, { "date": "2025-07-11", "close": 14.87, "volume": 7799711, "typical_volume": 6609077.2, "trend": 16.873, "fair_value": 22.252179, "relative_strength": -23.646157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.500688, "energy": 34.282051, "activity_lines": [ 15.081333, 15.168727, 15.544143, 16.138108 ] }, { "date": "2025-07-18", "close": 14.62, "volume": 6931740, "typical_volume": 6708524.2, "trend": 16.744, "fair_value": 22.176218, "relative_strength": -24.7543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.675155, "energy": 30.849146, "activity_lines": [ 14.995333, 15.032909, 15.403571, 15.992753 ] }, { "date": "2025-07-25", "close": 15.72, "volume": 12660942, "typical_volume": 7032472.0, "trend": 16.673667, "fair_value": 22.110769, "relative_strength": -19.579017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.002189, "energy": 19.24744, "activity_lines": [ 15.26, 15.120545, 15.382524, 15.926688 ] }, { "date": "2025-08-01", "close": 15.45, "volume": 14612700, "typical_volume": 7258778.25, "trend": 16.582667, "fair_value": 22.026474, "relative_strength": -18.385976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.013429, "energy": 19.15862, "activity_lines": [ 15.314667, 15.179636, 15.344238, 15.847742 ] }, { "date": "2025-08-08", "close": 15.46, "volume": 8279469, "typical_volume": 7276688.5, "trend": 16.511, "fair_value": 21.941987, "relative_strength": -19.773092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.819006, "energy": 15.346037, "activity_lines": [ 15.358, 15.249091, 15.320857, 15.775312 ] }, { "date": "2025-08-15", "close": 15.77, "volume": 15555523, "typical_volume": 7802658.15, "trend": 16.426667, "fair_value": 21.878013, "relative_strength": -18.411828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.501697, "energy": 10.974625, "activity_lines": [ 15.54, 15.353091, 15.343333, 15.727505 ] }, { "date": "2025-08-22", "close": 16.72, "volume": 12302268, "typical_volume": 8068588.95, "trend": 16.354667, "fair_value": 21.819231, "relative_strength": -13.168486, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.66048, "energy": 8.423211, "activity_lines": [ 15.978667, 15.640182, 15.470571, 15.74643 ] }, { "date": "2025-08-29", "close": 16.74, "volume": 9963333, "typical_volume": 8142791.85, "trend": 16.295333, "fair_value": 21.775833, "relative_strength": -12.489547, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.48895, "energy": 14.278239, "activity_lines": [ 16.284, 15.888364, 15.59419, 15.77129 ] }, { "date": "2025-09-05", "close": 16.47, "volume": 18309582, "typical_volume": 8871766.8, "trend": 16.209333, "fair_value": 21.719872, "relative_strength": -13.752373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.204668, "energy": 26.320261, "activity_lines": [ 16.431333, 16.036182, 15.686048, 15.782559 ] }, { "date": "2025-09-12", "close": 16.44, "volume": 11926815, "typical_volume": 9210758.45, "trend": 16.114, "fair_value": 21.674231, "relative_strength": -14.848527, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.500183, "energy": 30.54653, "activity_lines": [ 16.500667, 16.156, 15.76681, 15.797441 ] }, { "date": "2025-09-19", "close": 16.32, "volume": 9546468, "typical_volume": 9372197.65, "trend": 16.054333, "fair_value": 21.634551, "relative_strength": -16.086334, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.818295, "energy": 24.75067, "activity_lines": [ 16.464667, 16.245818, 15.832857, 15.810731 ] }, { "date": "2025-09-26", "close": 16.13, "volume": 7219361, "typical_volume": 9491748.3, "trend": 16.001333, "fair_value": 21.590064, "relative_strength": -16.369006, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.218409, "energy": 14.060654, "activity_lines": [ 16.328667, 16.274727, 15.876762, 15.815613 ] }, { "date": "2025-10-03", "close": 16.03, "volume": 9850461, "typical_volume": 9727588.45, "trend": 15.952333, "fair_value": 21.545577, "relative_strength": -17.37292, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.669831, "energy": 6.644726, "activity_lines": [ 16.198667, 16.258, 15.910095, 15.817462 ] }, { "date": "2025-10-10", "close": 16.15, "volume": 12222459, "typical_volume": 10136094.85, "trend": 15.878, "fair_value": 21.515833, "relative_strength": -14.282628, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.096788, "energy": 4.485222, "activity_lines": [ 16.156, 16.257455, 15.958762, 15.830215 ] }, { "date": "2025-10-17", "close": 15.52, "volume": 7587725, "typical_volume": 10095946.1, "trend": 15.765667, "fair_value": 21.465321, "relative_strength": -18.518242, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.408836, "energy": 12.29652, "activity_lines": [ 15.924667, 16.129636, 15.946333, 15.807118 ] }, { "date": "2025-10-24", "close": 16.17, "volume": 11200198, "typical_volume": 10176086.3, "trend": 15.679, "fair_value": 21.405897, "relative_strength": -16.295654, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.818173, "energy": 14.448282, "activity_lines": [ 15.971333, 16.118909, 15.98981, 15.833204 ] }, { "date": "2025-10-31", "close": 16.06, "volume": 8079090, "typical_volume": 10246746.6, "trend": 15.695667, "fair_value": 21.375962, "relative_strength": -16.936717, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.770882, "energy": 12.959702, "activity_lines": [ 15.991333, 16.080909, 16.023619, 15.857785 ] }, { "date": "2025-11-07", "close": 15.49, "volume": 8561996, "typical_volume": 10323341.4, "trend": 15.696333, "fair_value": 21.317308, "relative_strength": -17.972605, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.338334, "energy": 7.717868, "activity_lines": [ 15.826, 15.951273, 15.995143, 15.844516 ] }, { "date": "2025-11-14", "close": 15.44, "volume": 6304355, "typical_volume": 10259652.5, "trend": 15.719667, "fair_value": 21.275769, "relative_strength": -17.835075, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.60748, "energy": 10.641187, "activity_lines": [ 15.68, 15.835273, 15.954429, 15.827978 ] }, { "date": "2025-11-21", "close": 14.9, "volume": 8970062, "typical_volume": 10394212.9, "trend": 15.691333, "fair_value": 21.231346, "relative_strength": -18.454552, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.262675, "energy": 27.770016, "activity_lines": [ 15.401333, 15.639818, 15.861286, 15.775097 ] }, { "date": "2025-11-28", "close": 12.0, "volume": 27863275, "typical_volume": 11397391.1, "trend": 15.575667, "fair_value": 21.156538, "relative_strength": -35.860821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.723771, "energy": 74.883807, "activity_lines": [ 14.197333, 14.945091, 15.497143, 15.536946 ] }, { "date": "2025-12-05", "close": 12.28, "volume": 15148740, "typical_volume": 11808241.1, "trend": 15.454667, "fair_value": 21.082885, "relative_strength": -33.769827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.510135, "energy": 85.808589, "activity_lines": [ 13.364667, 14.379818, 15.173333, 15.324323 ] }, { "date": "2025-12-12", "close": 13.0, "volume": 10533795, "typical_volume": 11701883.75, "trend": 15.326333, "fair_value": 20.995705, "relative_strength": -28.735652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.61018, "energy": 83.082594, "activity_lines": [ 13.024, 14.015455, 14.929238, 15.165957 ] }, { "date": "2025-12-19", "close": 12.83, "volume": 7801032, "typical_volume": 11361300.35, "trend": 15.223333, "fair_value": 20.907756, "relative_strength": -29.102446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.163156, "energy": 83.736003, "activity_lines": [ 12.792667, 13.675273, 14.681905, 15.004903 ] }, { "date": "2025-12-26", "close": 13.16, "volume": 4232804, "typical_volume": 11158967.1, "trend": 15.186667, "fair_value": 20.821859, "relative_strength": -27.714549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.491203, "energy": 77.673364, "activity_lines": [ 12.845333, 13.455455, 14.478476, 14.871785 ] }, { "date": "2026-01-02", "close": 12.39, "volume": 6559692, "typical_volume": 10709175.55, "trend": 15.055, "fair_value": 20.749487, "relative_strength": -30.577928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.427414, "energy": 58.29743, "activity_lines": [ 12.757333, 13.138545, 14.212667, 14.691355 ] }, { "date": "2026-01-09", "close": 12.34, "volume": 10632164, "typical_volume": 10625670.35, "trend": 14.987, "fair_value": 20.650897, "relative_strength": -31.290825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.838986, "energy": 56.207174, "activity_lines": [ 12.626667, 12.881273, 13.95819, 14.516194 ] }, { "date": "2026-01-16", "close": 11.22, "volume": 11956960, "typical_volume": 10725351.7, "trend": 14.897, "fair_value": 20.544231, "relative_strength": -36.613989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.261859, "energy": 63.104589, "activity_lines": [ 12.118667, 12.488, 13.617905, 14.273161 ] }, { "date": "2026-01-23", "close": 11.17, "volume": 9964549, "typical_volume": 10308100.05, "trend": 14.761667, "fair_value": 20.427372, "relative_strength": -35.941774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.547292, "energy": 74.17746, "activity_lines": [ 11.712667, 12.163273, 13.299143, 14.03271 ] }, { "date": "2026-01-30", "close": 10.6, "volume": 9009522, "typical_volume": 10162235.4, "trend": 14.582, "fair_value": 20.294615, "relative_strength": -38.714611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.739641, "energy": 84.022828, "activity_lines": [ 11.227333, 11.812545, 12.951333, 13.764215 ] }, { "date": "2026-02-06", "close": 8.04, "volume": 23392159, "typical_volume": 10854519.95, "trend": 14.354333, "fair_value": 20.160513, "relative_strength": -52.680646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.388247, "energy": 95.283022, "activity_lines": [ 10.059333, 11.074545, 12.387524, 13.342151 ] }, { "date": "2026-02-13", "close": 6.94, "volume": 23159432, "typical_volume": 11651523.5, "trend": 14.098333, "fair_value": 20.009551, "relative_strength": -57.904437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.95619, "energy": 96.804241, "activity_lines": [ 8.814667, 10.208545, 11.758381, 12.863806 ] }, { "date": "2026-02-20", "close": 6.57, "volume": 16228008, "typical_volume": 11970400.85, "trend": 13.793333, "fair_value": 19.867372, "relative_strength": -59.923041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.195305, "energy": 95.794863, "activity_lines": [ 7.806667, 9.372364, 11.137762, 12.378108 ] }, { "date": "2026-02-27", "close": 7.06, "volume": 22263466, "typical_volume": 12472451.2, "trend": 13.513667, "fair_value": 19.715577, "relative_strength": -56.010821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.740523, "energy": 91.071585, "activity_lines": [ 7.272, 8.742182, 10.608857, 11.943699 ] }, { "date": "2026-03-06", "close": 7.98, "volume": 16960040, "typical_volume": 12941066.95, "trend": 13.264333, "fair_value": 19.594551, "relative_strength": -48.472709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.513891, "energy": 88.599901, "activity_lines": [ 7.318, 8.384182, 10.210857, 11.586688 ] }, { "date": "2026-03-13", "close": 7.07, "volume": 19240563, "typical_volume": 13343085.2, "trend": 12.974333, "fair_value": 19.434295, "relative_strength": -52.771231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.628122, "energy": 82.296816, "activity_lines": [ 7.235333, 7.954909, 9.762095, 11.187054 ] }, { "date": "2026-03-20", "close": 6.92, "volume": 18104308, "typical_volume": 13844346.1, "trend": 12.647667, "fair_value": 19.275833, "relative_strength": -51.980207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.702846, "energy": 68.209141, "activity_lines": [ 7.167333, 7.595091, 9.342381, 10.796452 ] }, { "date": "2026-03-27", "close": 6.01, "volume": 13647574, "typical_volume": 14098625.0, "trend": 12.29, "fair_value": 19.090128, "relative_strength": -56.411156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.771162, "energy": 70.548721, "activity_lines": [ 6.797333, 7.168364, 8.879524, 10.368215 ] }, { "date": "2026-04-03", "close": 6.4, "volume": 8163426, "typical_volume": 14191578.55, "trend": 11.954333, "fair_value": 18.924744, "relative_strength": -54.255947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.548423, "energy": 67.579235, "activity_lines": [ 6.594667, 6.907273, 8.498952, 9.988215 ] }, { "date": "2026-04-10", "close": 5.73, "volume": 12488571, "typical_volume": 14367504.0, "trend": 11.597333, "fair_value": 18.748397, "relative_strength": -59.711044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.17861, "energy": 69.568358, "activity_lines": [ 6.212667, 6.611091, 8.097619, 9.586645 ] }, { "date": "2026-04-17", "close": 6.32, "volume": 16611058, "typical_volume": 13804893.15, "trend": 11.264, "fair_value": 18.571218, "relative_strength": -56.709957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.07704, "energy": 65.557621, "activity_lines": [ 6.177333, 6.510727, 7.796143, 9.246172 ] }, { "date": "2026-04-24", "close": 7.13, "volume": 12778625, "typical_volume": 13686387.4, "trend": 10.964, "fair_value": 18.424231, "relative_strength": -50.54526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.649029, "energy": 59.9621, "activity_lines": [ 6.462, 6.588909, 7.598857, 8.979462 ] }, { "date": "2026-05-01", "close": 7.35, "volume": 9816489, "typical_volume": 13650522.1, "trend": 10.674667, "fair_value": 18.287372, "relative_strength": -48.642526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.177398, "energy": 46.744366, "activity_lines": [ 6.806, 6.703636, 7.447048, 8.746301 ] }, { "date": "2026-05-08", "close": 7.29, "volume": 9446940, "typical_volume": 13732817.5, "trend": 10.379333, "fair_value": 18.148654, "relative_strength": -49.319246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.778331, "energy": 37.386862, "activity_lines": [ 7.040667, 6.793273, 7.316429, 8.527935 ] }, { "date": "2026-05-15", "close": 6.77, "volume": 9201430, "typical_volume": 13981248.8, "trend": 10.087667, "fair_value": 18.008013, "relative_strength": -52.110998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.947492, "energy": 32.508949, "activity_lines": [ 7.042667, 6.784182, 7.162667, 8.295075 ] }, { "date": "2026-05-22", "close": 7.2, "volume": 7978590, "typical_volume": 14052193.7, "trend": 9.788667, "fair_value": 17.883397, "relative_strength": -48.572699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.294345, "energy": 28.481242, "activity_lines": [ 7.118667, 6.875273, 7.080286, 8.108774 ] }, { "date": "2026-05-29", "close": 9.95, "volume": 14111114, "typical_volume": 14226141.2, "trend": 9.585, "fair_value": 17.799744, "relative_strength": -29.127093, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 12.885483, "energy": 19.174186, "activity_lines": [ 8.052667, 7.464, 7.284524, 8.119183 ] }, { "date": "2026-06-05", "close": 9.25, "volume": 13547572, "typical_volume": 14305671.8, "trend": 9.377, "fair_value": 17.717372, "relative_strength": -31.351943, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 9.848915, "energy": 25.66268, "activity_lines": [ 8.565333, 7.870364, 7.433476, 8.09757 ] }, { "date": "2026-06-12", "close": 8.96, "volume": 7843465, "typical_volume": 14199617.6, "trend": 9.161, "fair_value": 17.631218, "relative_strength": -33.014527, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 5.487745, "energy": 31.036984, "activity_lines": [ 8.854667, 8.165091, 7.56419, 8.070667 ] }, { "date": "2026-06-19", "close": 8.48, "volume": 11444779, "typical_volume": 14321380.45, "trend": 8.947, "fair_value": 17.548462, "relative_strength": -36.352282, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 3.811231, "energy": 30.220788, "activity_lines": [ 8.872667, 8.326, 7.659714, 8.026731 ] }, { "date": "2026-06-26", "close": 9.09, "volume": 11467791, "typical_volume": 13725162.05, "trend": 8.85, "fair_value": 17.462628, "relative_strength": -29.152582, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.568181, "energy": 44.989281, "activity_lines": [ 8.98, 8.547818, 7.823429, 8.035957 ] }, { "date": "2026-07-03", "close": 9.98, "volume": 7502638, "typical_volume": 12942322.35, "trend": 8.773333, "fair_value": 17.386026, "relative_strength": -22.814801, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.630854, "energy": 38.773202, "activity_lines": [ 9.258, 8.881091, 8.066905, 8.10886 ] }, { "date": "2026-07-10", "close": 10.33, "volume": 8225968, "typical_volume": 12542220.35, "trend": 8.684333, "fair_value": 17.297692, "relative_strength": -20.263329, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.313581, "energy": 44.793224, "activity_lines": [ 9.650667, 9.226182, 8.329238, 8.20929 ] }, { "date": "2026-07-17", "close": 10.3, "volume": 8515418, "typical_volume": 11854817.95, "trend": 8.6, "fair_value": 17.208462, "relative_strength": -18.360613, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.398167, "energy": 56.233838, "activity_lines": [ 9.961333, 9.511636, 8.57081, 8.313527 ] }, { "date": "2026-07-24", "close": 9.08, "volume": 7753480, "typical_volume": 11394489.95, "trend": 8.464, "fair_value": 17.107244, "relative_strength": -26.55247, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.119228, "energy": 39.660637, "activity_lines": [ 9.776, 9.520545, 8.680762, 8.344495 ] }, { "date": "2026-07-31", "close": 10.58, "volume": 7248084, "typical_volume": 10794866.0, "trend": 8.403667, "fair_value": 17.015064, "relative_strength": -14.266717, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.660597, "energy": 56.117542, "activity_lines": [ 10.050667, 9.760182, 8.928333, 8.481011 ] }, { "date": "2026-08-07", "close": 11.69, "volume": 5688183, "typical_volume": 10174059.75, "trend": 8.382, "fair_value": 16.936282, "relative_strength": -7.471338, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.765727, "energy": 63.589057, "activity_lines": [ 10.596, 10.140182, 9.264905, 8.693032 ] } ], "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." } } }