{ "ticker": { "uuid": "bd412382-74df-456d-8276-05b9051c3744", "symbol": "BFSA", "name": "Befesa S.A.", "exchange": "GER", "country": "DE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 67.392, "architecture_energy": 67.238, "architecture_maturity": 11.58, "architecture_confidence": 82.067, "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": 22.29, "rotation_up": 71.81, "upward_expansion": 86.89, "deceleration": 45.73, "rotation_down": 12.32, "downward_expansion": 15.89 }, "activity_lines": [ 35.096666, 34.016703, 33.690412, 32.973122 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 36.0, "trend_reference": 32.149955, "distance_from_trend": 0.119753, "trend_direction": "Improving", "fair_value": 27.384736, "distance_from_fair_value": 0.314601, "fair_value_direction": "Improving", "relative_strength": 10.150837, "relative_strength_direction": "Weakening", "price_momentum": 0.192219, "excess_performance": 0.12758, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.119753, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.066581, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.314601, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.094869, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.101508, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.060459, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.192219, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.238386, "read": "Demand-led" } ], "volume": { "latest": 287896, "relative_activity": 1.211033, "balance": 2.238386, "dry_up": 1.647673, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.061492, "annualized_volatility": 0.393166, "from_high_reference": -0.02439, "from_low_reference": 0.41105 }, "levels": { "trend_reference": 32.149955, "fair_value_reference": 27.384736, "structural_low": 25.843245, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": -0.009952, "positive_rate": 0.45, "directional_follow_through": 0.45, "median_excess_return": -0.014362, "regime_survival": 0.6, "best_return": 0.102222, "worst_return": -0.167899, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.008563, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.000522, "regime_survival": 0.125, "best_return": 0.089393, "worst_return": -0.315516, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.104686, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.16709, "regime_survival": 0.333333, "best_return": 0.248204, "worst_return": -0.520861, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.274159, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.286749, "regime_survival": 0.25, "best_return": 0.336737, "worst_return": -0.387196, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-08-09", "tenure": "Developing", "return": -0.197614, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2025-02-14", "tenure": "Extended", "return": -0.148062, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": 0.106345, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.03013, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.097111, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-01", "tenure": "Developing", "return": -0.006775, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-10-03", "tenure": "Developing", "return": 0.106287, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.105611, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": 0.090247, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-13", "tenure": "Developing", "return": -0.096508, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.274368, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-03", "tenure": "Developing", "return": -0.041859, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": 0.090484, "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": 28.754629, "volume": 321783, "typical_volume": 302063.05, "trend": 36.439306, "fair_value": 45.420523, "relative_strength": -25.203578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.137473, "energy": 46.345571, "activity_lines": [ 31.17308, 31.521956, 32.364566, 33.770882 ] }, { "date": "2023-08-25", "close": 28.810211, "volume": 215587, "typical_volume": 293475.1, "trend": 35.792209, "fair_value": 45.416509, "relative_strength": -24.565006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.234917, "energy": 50.814689, "activity_lines": [ 30.314641, 30.992745, 31.936305, 33.278682 ] }, { "date": "2023-09-01", "close": 31.404057, "volume": 230413, "typical_volume": 290346.75, "trend": 35.272402, "fair_value": 45.433277, "relative_strength": -18.330092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.767203, "energy": 43.622062, "activity_lines": [ 30.460391, 30.995104, 31.781631, 32.995576 ] }, { "date": "2023-09-08", "close": 29.310452, "volume": 352010, "typical_volume": 296712.15, "trend": 34.753577, "fair_value": 45.432469, "relative_strength": -22.765276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.288843, "energy": 52.436913, "activity_lines": [ 29.928035, 30.622533, 31.452571, 32.610934 ] }, { "date": "2023-09-15", "close": 28.995481, "volume": 531565, "typical_volume": 311045.0, "trend": 34.171631, "fair_value": 45.430473, "relative_strength": -24.062702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.593076, "energy": 46.572718, "activity_lines": [ 29.520429, 30.249289, 31.127019, 32.239444 ] }, { "date": "2023-09-22", "close": 26.568386, "volume": 530983, "typical_volume": 319839.0, "trend": 33.598301, "fair_value": 45.41375, "relative_strength": -28.600432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.667042, "energy": 53.394376, "activity_lines": [ 28.558236, 29.48023, 30.608345, 31.748912 ] }, { "date": "2023-09-29", "close": 26.790716, "volume": 376622, "typical_volume": 329134.35, "trend": 33.13521, "fair_value": 45.39485, "relative_strength": -26.853917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.711052, "energy": 67.662545, "activity_lines": [ 27.815902, 28.860065, 30.14652, 31.309713 ] }, { "date": "2023-10-06", "close": 26.068144, "volume": 402621, "typical_volume": 339409.7, "trend": 32.643195, "fair_value": 45.365223, "relative_strength": -27.727605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.760224, "energy": 73.705974, "activity_lines": [ 26.967344, 28.183307, 29.657667, 30.853773 ] }, { "date": "2023-10-13", "close": 26.32753, "volume": 394830, "typical_volume": 344071.4, "trend": 32.166479, "fair_value": 45.332547, "relative_strength": -26.360954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.859549, "energy": 70.682294, "activity_lines": [ 26.560975, 27.656117, 29.238227, 30.446311 ] }, { "date": "2023-10-20", "close": 24.604473, "volume": 337536, "typical_volume": 347308.0, "trend": 31.762375, "fair_value": 45.285779, "relative_strength": -28.986091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.815452, "energy": 75.106377, "activity_lines": [ 25.779116, 26.932535, 28.690041, 29.95844 ] }, { "date": "2023-10-27", "close": 25.994034, "volume": 532857, "typical_volume": 363132.15, "trend": 31.367087, "fair_value": 45.256784, "relative_strength": -24.016245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.239085, "energy": 53.941027, "activity_lines": [ 25.753177, 26.61083, 28.314467, 29.586289 ] }, { "date": "2023-11-03", "close": 24.975023, "volume": 553763, "typical_volume": 370659.15, "trend": 31.053362, "fair_value": 45.214608, "relative_strength": -28.936818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.433634, "energy": 51.524812, "activity_lines": [ 25.425858, 26.154044, 27.873602, 29.173897 ] }, { "date": "2023-11-10", "close": 26.846298, "volume": 573241, "typical_volume": 384918.55, "trend": 30.726405, "fair_value": 45.174728, "relative_strength": -23.235116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.13403, "energy": 42.174983, "activity_lines": [ 25.843344, 26.10722, 27.64492, 28.902474 ] }, { "date": "2023-11-17", "close": 28.717573, "volume": 524237, "typical_volume": 399847.75, "trend": 30.472106, "fair_value": 45.135761, "relative_strength": -20.878823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.454866, "energy": 25.843864, "activity_lines": [ 26.832711, 26.483496, 27.617658, 28.772872 ] }, { "date": "2023-11-24", "close": 29.014013, "volume": 259557, "typical_volume": 395596.2, "trend": 30.206518, "fair_value": 45.080129, "relative_strength": -20.029386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.507924, "energy": 17.755057, "activity_lines": [ 27.761555, 26.92445, 27.636274, 28.678801 ] }, { "date": "2023-12-01", "close": 30.107132, "volume": 581466, "typical_volume": 409885.1, "trend": 30.074751, "fair_value": 45.027655, "relative_strength": -18.310414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.525025, "energy": 17.958708, "activity_lines": [ 28.760803, 27.563816, 27.770819, 28.672389 ] }, { "date": "2023-12-08", "close": 30.57032, "volume": 324321, "typical_volume": 401125.45, "trend": 29.90822, "fair_value": 44.963924, "relative_strength": -18.281945, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.057113, "energy": 21.901824, "activity_lines": [ 29.640241, 28.223058, 27.961034, 28.704362 ] }, { "date": "2023-12-15", "close": 32.126625, "volume": 909503, "typical_volume": 428455.25, "trend": 29.797195, "fair_value": 44.892317, "relative_strength": -13.429532, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.549266, "energy": 39.754934, "activity_lines": [ 30.665427, 29.096543, 28.301057, 28.847484 ] }, { "date": "2023-12-22", "close": 31.904297, "volume": 330702, "typical_volume": 427551.15, "trend": 29.735616, "fair_value": 44.821238, "relative_strength": -13.060117, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.325482, "energy": 52.704367, "activity_lines": [ 31.264481, 29.819451, 28.617877, 28.983427 ] }, { "date": "2023-12-29", "close": 32.608337, "volume": 88922, "typical_volume": 418625.95, "trend": 29.720491, "fair_value": 44.74184, "relative_strength": -10.608223, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.169524, "energy": 59.481122, "activity_lines": [ 31.885768, 30.568971, 29.005806, 29.168763 ] }, { "date": "2024-01-05", "close": 31.144672, "volume": 234920, "typical_volume": 414282.8, "trend": 29.669884, "fair_value": 44.63465, "relative_strength": -13.023728, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.797081, "energy": 48.116424, "activity_lines": [ 31.779545, 30.906845, 29.25531, 29.260646 ] }, { "date": "2024-01-12", "close": 30.792648, "volume": 311909, "typical_volume": 419098.9, "trend": 29.626035, "fair_value": 44.524087, "relative_strength": -13.572066, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.300742, "energy": 32.836064, "activity_lines": [ 31.486811, 31.087067, 29.459906, 29.333082 ] }, { "date": "2024-01-19", "close": 29.718058, "volume": 256342, "typical_volume": 420395.35, "trend": 29.559337, "fair_value": 44.391573, "relative_strength": -14.711882, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.252701, "energy": 18.03467, "activity_lines": [ 30.821058, 30.966133, 29.55272, 29.339019 ] }, { "date": "2024-01-26", "close": 29.551308, "volume": 1322943, "typical_volume": 468942.0, "trend": 29.463611, "fair_value": 44.276401, "relative_strength": -16.117562, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 9.059099, "energy": 10.881747, "activity_lines": [ 30.260293, 30.762668, 29.637682, 29.338501 ] }, { "date": "2024-02-02", "close": 30.440628, "volume": 494310, "typical_volume": 467079.25, "trend": 29.428409, "fair_value": 44.159118, "relative_strength": -12.368623, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 5.664825, "energy": 10.812971, "activity_lines": [ 30.152834, 30.705738, 29.806193, 29.401535 ] }, { "date": "2024-02-09", "close": 28.902847, "volume": 332655, "typical_volume": 457162.85, "trend": 29.307363, "fair_value": 44.034768, "relative_strength": -15.871875, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.531569, "energy": 18.212193, "activity_lines": [ 29.677296, 30.343274, 29.821368, 29.367627 ] }, { "date": "2024-02-16", "close": 28.717573, "volume": 457469, "typical_volume": 461205.2, "trend": 29.234489, "fair_value": 43.913693, "relative_strength": -16.294448, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.407567, "energy": 15.993315, "activity_lines": [ 29.289454, 29.969019, 29.807782, 29.329576 ] }, { "date": "2024-02-23", "close": 27.587399, "volume": 257094, "typical_volume": 453928.85, "trend": 29.097386, "fair_value": 43.777005, "relative_strength": -19.988906, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.170862, "energy": 22.996071, "activity_lines": [ 28.663226, 29.422964, 29.677384, 29.223313 ] }, { "date": "2024-03-01", "close": 27.809727, "volume": 533925, "typical_volume": 460883.6, "trend": 28.932491, "fair_value": 43.659037, "relative_strength": -19.968677, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.554788, "energy": 28.489776, "activity_lines": [ 28.253151, 28.999864, 29.560925, 29.140238 ] }, { "date": "2024-03-08", "close": 28.106165, "volume": 253673, "typical_volume": 456690.45, "trend": 28.775625, "fair_value": 43.540737, "relative_strength": -18.62268, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.659967, "energy": 35.096856, "activity_lines": [ 28.057995, 28.705109, 29.465641, 29.086927 ] }, { "date": "2024-03-15", "close": 27.513288, "volume": 415071, "typical_volume": 450801.15, "trend": 28.734247, "fair_value": 43.410826, "relative_strength": -19.914813, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.563985, "energy": 44.098172, "activity_lines": [ 27.820843, 28.384415, 29.297218, 29.005485 ] }, { "date": "2024-03-22", "close": 28.421133, "volume": 305684, "typical_volume": 438397.2, "trend": 28.721278, "fair_value": 43.277251, "relative_strength": -17.757364, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.432921, "energy": 26.110832, "activity_lines": [ 27.978944, 28.29481, 29.208021, 28.985284 ] }, { "date": "2024-03-29", "close": 29.53278, "volume": 245212, "typical_volume": 421995.75, "trend": 28.658902, "fair_value": 43.14076, "relative_strength": -15.155691, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 3.571184, "energy": 7.120291, "activity_lines": [ 28.527357, 28.45044, 29.208286, 29.037639 ] }, { "date": "2024-04-05", "close": 33.794098, "volume": 603338, "typical_volume": 425950.8, "trend": 28.808357, "fair_value": 43.020986, "relative_strength": -0.868036, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.288321, "energy": 35.565688, "activity_lines": [ 30.366517, 29.384224, 29.601597, 29.368942 ] }, { "date": "2024-04-12", "close": 33.182693, "volume": 500193, "typical_volume": 437982.6, "trend": 28.947931, "fair_value": 42.89004, "relative_strength": -0.857117, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.032635, "energy": 53.453737, "activity_lines": [ 31.602917, 30.129702, 29.912506, 29.651158 ] }, { "date": "2024-04-19", "close": 30.57032, "volume": 287567, "typical_volume": 423287.65, "trend": 29.081328, "fair_value": 42.740674, "relative_strength": -7.128021, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.190655, "energy": 52.070623, "activity_lines": [ 31.630091, 30.350348, 29.954766, 29.755828 ] }, { "date": "2024-04-26", "close": 24.567421, "volume": 1269413, "typical_volume": 470542.25, "trend": 29.007219, "fair_value": 42.573469, "relative_strength": -26.365702, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 6.028969, "energy": 9.464832, "activity_lines": [ 29.452496, 29.449239, 29.423116, 29.464608 ] }, { "date": "2024-05-03", "close": 26.494278, "volume": 851048, "typical_volume": 467619.5, "trend": 29.021423, "fair_value": 42.426985, "relative_strength": -19.328075, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.424556, "energy": 23.244475, "activity_lines": [ 28.174101, 28.973926, 29.103562, 29.302483 ] }, { "date": "2024-05-10", "close": 27.253902, "volume": 413597, "typical_volume": 471764.25, "trend": 29.052302, "fair_value": 42.256917, "relative_strength": -19.762021, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.724437, "energy": 33.669154, "activity_lines": [ 27.351481, 28.656601, 28.883173, 29.188449 ] }, { "date": "2024-05-17", "close": 29.810694, "volume": 461848, "typical_volume": 490410.55, "trend": 29.225843, "fair_value": 42.122208, "relative_strength": -11.362555, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.189067, "energy": 28.022201, "activity_lines": [ 27.817138, 28.814253, 28.928433, 29.237378 ] }, { "date": "2024-05-24", "close": 31.311417, "volume": 388312, "typical_volume": 498080.15, "trend": 29.403089, "fair_value": 41.99656, "relative_strength": -6.408334, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.705703, "energy": 14.617518, "activity_lines": [ 29.007836, 29.213772, 29.129941, 29.371931 ] }, { "date": "2024-05-31", "close": 30.57032, "volume": 312358, "typical_volume": 498102.6, "trend": 29.589599, "fair_value": 41.866162, "relative_strength": -7.252361, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.504887, "energy": 13.130652, "activity_lines": [ 29.902095, 29.40949, 29.260075, 29.447236 ] }, { "date": "2024-06-07", "close": 29.662474, "volume": 451985, "typical_volume": 507884.75, "trend": 29.683471, "fair_value": 41.732734, "relative_strength": -9.857178, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.874543, "energy": 16.343624, "activity_lines": [ 30.093546, 29.401068, 29.304805, 29.451938 ] }, { "date": "2024-06-14", "close": 28.087637, "volume": 303212, "typical_volume": 456898.2, "trend": 29.662473, "fair_value": 41.574148, "relative_strength": -11.6244, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.706424, "energy": 18.315906, "activity_lines": [ 29.548838, 29.103954, 29.199816, 29.348981 ] }, { "date": "2024-06-21", "close": 27.816343, "volume": 494008, "typical_volume": 456883.1, "trend": 29.622551, "fair_value": 41.416055, "relative_strength": -12.807636, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.958194, "energy": 19.070948, "activity_lines": [ 28.858116, 28.861269, 29.075959, 29.229876 ] }, { "date": "2024-06-28", "close": 29.44702, "volume": 253637, "typical_volume": 452932.2, "trend": 29.600547, "fair_value": 41.230413, "relative_strength": -7.662869, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.535204, "energy": 18.691317, "activity_lines": [ 28.84391, 29.012639, 29.119902, 29.218551 ] }, { "date": "2024-07-05", "close": 30.433012, "volume": 263976, "typical_volume": 443257.55, "trend": 29.59597, "fair_value": 41.056773, "relative_strength": -5.424518, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.121497, "energy": 9.489119, "activity_lines": [ 29.282661, 29.363705, 29.255157, 29.272258 ] }, { "date": "2024-07-12", "close": 30.888086, "volume": 182266, "typical_volume": 439516.15, "trend": 29.554686, "fair_value": 40.880368, "relative_strength": -5.015902, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.140777, "energy": 16.055619, "activity_lines": [ 29.882257, 29.690864, 29.425583, 29.355621 ] }, { "date": "2024-07-19", "close": 29.883133, "volume": 162284, "typical_volume": 420934.1, "trend": 29.487314, "fair_value": 40.698658, "relative_strength": -4.911911, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.772105, "energy": 23.415287, "activity_lines": [ 30.065162, 29.755418, 29.484583, 29.376811 ] }, { "date": "2024-07-26", "close": 27.51296, "volume": 377007, "typical_volume": 427100.8, "trend": 29.317468, "fair_value": 40.498914, "relative_strength": -13.205432, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.239561, "energy": 8.523624, "activity_lines": [ 29.338309, 29.341226, 29.307978, 29.249433 ] }, { "date": "2024-08-02", "close": 26.432161, "volume": 236201, "typical_volume": 418157.3, "trend": 29.160384, "fair_value": 40.273493, "relative_strength": -12.49969, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.997153, "energy": 43.101078, "activity_lines": [ 28.271415, 28.772303, 29.031265, 29.063284 ] }, { "date": "2024-08-09", "close": 25.123827, "volume": 280639, "typical_volume": 416905.05, "trend": 28.971423, "fair_value": 40.039117, "relative_strength": -16.505323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.497323, "energy": 66.451064, "activity_lines": [ 26.969401, 28.054214, 28.635096, 28.802861 ] }, { "date": "2024-08-16", "close": 24.460176, "volume": 292692, "typical_volume": 419279.05, "trend": 28.796161, "fair_value": 39.81469, "relative_strength": -20.912654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.914261, "energy": 79.026354, "activity_lines": [ 25.800115, 27.314489, 28.191425, 28.511813 ] }, { "date": "2024-08-23", "close": 25.578899, "volume": 328259, "typical_volume": 405525.1, "trend": 28.663747, "fair_value": 39.599707, "relative_strength": -18.236467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.441033, "energy": 75.990342, "activity_lines": [ 25.432264, 26.872755, 27.878453, 28.304248 ] }, { "date": "2024-08-30", "close": 25.749552, "volume": 168851, "typical_volume": 388958.0, "trend": 28.507378, "fair_value": 39.361388, "relative_strength": -18.302252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.936931, "energy": 73.819465, "activity_lines": [ 25.408247, 26.507662, 27.620854, 28.116235 ] }, { "date": "2024-09-06", "close": 22.639885, "volume": 326155, "typical_volume": 390887.4, "trend": 28.298612, "fair_value": 39.103704, "relative_strength": -25.254961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.842067, "energy": 82.79665, "activity_lines": [ 24.465234, 25.614753, 27.102493, 27.737687 ] }, { "date": "2024-09-13", "close": 23.132881, "volume": 265107, "typical_volume": 340672.1, "trend": 28.112456, "fair_value": 38.859974, "relative_strength": -24.737239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.338988, "energy": 79.200894, "activity_lines": [ 23.939372, 24.935246, 26.668847, 27.404414 ] }, { "date": "2024-09-20", "close": 23.739645, "volume": 304979, "typical_volume": 313368.65, "trend": 27.984198, "fair_value": 38.629792, "relative_strength": -22.449277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.640917, "energy": 75.314649, "activity_lines": [ 23.748494, 24.49879, 26.29982, 27.122297 ] }, { "date": "2024-09-27", "close": 25.408245, "volume": 393901, "typical_volume": 312383.85, "trend": 27.904148, "fair_value": 38.421669, "relative_strength": -19.798931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.049295, "energy": 62.791968, "activity_lines": [ 24.161851, 24.495687, 26.102824, 26.956107 ] }, { "date": "2024-10-04", "close": 25.161751, "volume": 210803, "typical_volume": 299831.6, "trend": 27.806001, "fair_value": 38.225034, "relative_strength": -18.731805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.239851, "energy": 44.38516, "activity_lines": [ 24.504421, 24.529128, 25.891141, 26.779178 ] }, { "date": "2024-10-11", "close": 23.436262, "volume": 247093, "typical_volume": 292770.65, "trend": 27.6701, "fair_value": 38.001429, "relative_strength": -24.825195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.476506, "energy": 40.78642, "activity_lines": [ 24.311015, 24.291594, 25.537264, 26.49726 ] }, { "date": "2024-10-18", "close": 23.227688, "volume": 464169, "typical_volume": 300361.2, "trend": 27.496985, "fair_value": 37.753762, "relative_strength": -26.144344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.961794, "energy": 42.876432, "activity_lines": [ 23.994992, 24.070607, 25.201024, 26.210652 ] }, { "date": "2024-10-25", "close": 21.976238, "volume": 462114, "typical_volume": 300867.65, "trend": 27.245101, "fair_value": 37.529321, "relative_strength": -28.880091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.638709, "energy": 59.515745, "activity_lines": [ 23.255498, 23.65656, 24.780563, 25.854475 ] }, { "date": "2024-11-01", "close": 19.681911, "volume": 779352, "typical_volume": 324674.65, "trend": 26.774694, "fair_value": 37.306648, "relative_strength": -35.126076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.616372, "energy": 89.91231, "activity_lines": [ 21.86879, 22.870525, 24.178195, 25.366527 ] }, { "date": "2024-11-08", "close": 19.056185, "volume": 445857, "typical_volume": 322267.1, "trend": 26.303811, "fair_value": 37.085646, "relative_strength": -36.461938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.474788, "energy": 94.073877, "activity_lines": [ 20.655261, 22.077939, 23.556262, 24.868559 ] }, { "date": "2024-11-15", "close": 18.307211, "volume": 447230, "typical_volume": 331946.75, "trend": 25.89504, "fair_value": 36.864388, "relative_strength": -38.297404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.10131, "energy": 94.310103, "activity_lines": [ 19.599113, 21.270874, 22.904713, 24.352649 ] }, { "date": "2024-11-22", "close": 17.539274, "volume": 565530, "typical_volume": 347024.45, "trend": 25.660769, "fair_value": 36.647297, "relative_strength": -40.559792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.121991, "energy": 93.846607, "activity_lines": [ 18.628922, 20.40296, 22.233074, 23.813568 ] }, { "date": "2024-11-29", "close": 19.075148, "volume": 631346, "typical_volume": 369478.45, "trend": 25.413465, "fair_value": 36.430394, "relative_strength": -35.655365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.94295, "energy": 86.024946, "activity_lines": [ 18.549917, 19.915998, 21.769107, 23.388689 ] }, { "date": "2024-12-06", "close": 20.705826, "volume": 1616064, "typical_volume": 442167.45, "trend": 25.195195, "fair_value": 36.205194, "relative_strength": -32.053207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.575652, "energy": 65.01042, "activity_lines": [ 19.207877, 19.810331, 21.516695, 23.08497 ] }, { "date": "2024-12-13", "close": 20.535173, "volume": 548250, "typical_volume": 450729.6, "trend": 24.886011, "fair_value": 35.979469, "relative_strength": -31.884892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.186526, "energy": 53.887764, "activity_lines": [ 19.740691, 19.759136, 21.291732, 22.784324 ] }, { "date": "2024-12-20", "close": 19.549181, "volume": 945351, "typical_volume": 486187.1, "trend": 24.493937, "fair_value": 35.728675, "relative_strength": -32.643473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.852061, "energy": 40.470552, "activity_lines": [ 19.846243, 19.612788, 21.006092, 22.440012 ] }, { "date": "2024-12-27", "close": 19.662951, "volume": 123726, "typical_volume": 478341.45, "trend": 24.130358, "fair_value": 35.471793, "relative_strength": -31.72304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.757924, "energy": 35.483025, "activity_lines": [ 19.90692, 19.5578, 20.764064, 22.128335 ] }, { "date": "2025-01-03", "close": 19.587103, "volume": 142559, "typical_volume": 470834.8, "trend": 23.794512, "fair_value": 35.217265, "relative_strength": -30.895704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.279636, "energy": 36.809074, "activity_lines": [ 19.800736, 19.553836, 20.540816, 21.835222 ] }, { "date": "2025-01-10", "close": 18.96138, "volume": 473820, "typical_volume": 478112.85, "trend": 23.490304, "fair_value": 34.95134, "relative_strength": -33.309424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.432174, "energy": 46.009282, "activity_lines": [ 19.451847, 19.479542, 20.281181, 21.523407 ] }, { "date": "2025-01-17", "close": 19.643988, "volume": 498226, "typical_volume": 494581.6, "trend": 23.217892, "fair_value": 34.71138, "relative_strength": -32.39393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.728537, "energy": 40.788027, "activity_lines": [ 19.44679, 19.542459, 20.118068, 21.275258 ] }, { "date": "2025-01-24", "close": 20.099062, "volume": 381854, "typical_volume": 497366.55, "trend": 22.906293, "fair_value": 34.487404, "relative_strength": -31.657888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.722357, "energy": 35.085628, "activity_lines": [ 19.652837, 19.67743, 20.027369, 21.074043 ] }, { "date": "2025-01-31", "close": 19.909447, "volume": 374233, "typical_volume": 502822.85, "trend": 22.555508, "fair_value": 34.261645, "relative_strength": -32.519044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.004438, "energy": 27.555969, "activity_lines": [ 19.759021, 19.745346, 19.930711, 20.880698 ] }, { "date": "2025-02-07", "close": 20.21283, "volume": 366971, "typical_volume": 505922.45, "trend": 22.199666, "fair_value": 34.013401, "relative_strength": -30.900273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.879664, "energy": 18.781957, "activity_lines": [ 19.949899, 19.825328, 19.878297, 20.729558 ] }, { "date": "2025-02-14", "close": 20.838554, "volume": 341975, "typical_volume": 503326.15, "trend": 21.89818, "fair_value": 33.789052, "relative_strength": -30.309044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.080042, "energy": 12.100069, "activity_lines": [ 20.307636, 19.998394, 19.902269, 20.641744 ] }, { "date": "2025-02-21", "close": 21.217781, "volume": 364609, "typical_volume": 511016.45, "trend": 21.68834, "fair_value": 33.574521, "relative_strength": -27.660007, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.760375, "energy": 10.214336, "activity_lines": [ 20.666638, 20.237996, 19.984119, 20.597847 ] }, { "date": "2025-02-28", "close": 21.44532, "volume": 578146, "typical_volume": 527569.1, "trend": 21.522112, "fair_value": 33.367129, "relative_strength": -27.082185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.308801, "energy": 15.200627, "activity_lines": [ 20.996566, 20.506558, 20.10642, 20.582169 ] }, { "date": "2025-03-07", "close": 23.474188, "volume": 596419, "typical_volume": 534181.6, "trend": 21.467125, "fair_value": 33.1432, "relative_strength": -21.122317, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.457329, "energy": 52.612929, "activity_lines": [ 21.913033, 21.10953, 20.431427, 20.708109 ] }, { "date": "2025-03-14", "close": 23.284573, "volume": 392289, "typical_volume": 530690.35, "trend": 21.427938, "fair_value": 32.89817, "relative_strength": -21.072823, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.985903, "energy": 59.90086, "activity_lines": [ 22.528646, 21.608732, 20.737202, 20.825364 ] }, { "date": "2025-03-21", "close": 25.256556, "volume": 692140, "typical_volume": 526329.75, "trend": 21.417193, "fair_value": 32.652146, "relative_strength": -13.438857, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.319475, "energy": 75.932262, "activity_lines": [ 23.596804, 22.399249, 21.224555, 21.072371 ] }, { "date": "2025-03-28", "close": 25.71163, "volume": 493913, "typical_volume": 528732.55, "trend": 21.415929, "fair_value": 32.411027, "relative_strength": -9.57449, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 56.495628, "energy": 78.854334, "activity_lines": [ 24.522119, 23.158049, 21.728702, 21.349432 ] }, { "date": "2025-04-04", "close": 22.090004, "volume": 456112, "typical_volume": 529176.65, "trend": 21.3976, "fair_value": 32.168566, "relative_strength": -14.436477, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.626978, "energy": 55.838483, "activity_lines": [ 23.940636, 23.148051, 21.856239, 21.39292 ] }, { "date": "2025-04-11", "close": 20.952324, "volume": 504855, "typical_volume": 526142.9, "trend": 21.324914, "fair_value": 31.911427, "relative_strength": -16.724298, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 49.856506, "energy": 34.913729, "activity_lines": [ 22.936947, 22.895003, 21.857413, 21.364193 ] }, { "date": "2025-04-18", "close": 22.583002, "volume": 295873, "typical_volume": 509369.25, "trend": 21.28636, "fair_value": 31.666161, "relative_strength": -12.870102, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.516185, "energy": 21.752002, "activity_lines": [ 22.644942, 22.91948, 21.997637, 21.44536 ] }, { "date": "2025-04-25", "close": 23.625877, "volume": 184941, "typical_volume": 437813.1, "trend": 21.226947, "fair_value": 31.480133, "relative_strength": -12.69548, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.997502, "energy": 23.969425, "activity_lines": [ 22.747334, 23.090477, 22.220478, 21.596297 ] }, { "date": "2025-05-02", "close": 24.953175, "volume": 488494, "typical_volume": 434825.3, "trend": 21.219995, "fair_value": 31.32051, "relative_strength": -10.610165, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.079528, "energy": 27.332539, "activity_lines": [ 23.400869, 23.452123, 22.555824, 21.836698 ] }, { "date": "2025-05-09", "close": 25.920204, "volume": 367725, "typical_volume": 405944.0, "trend": 21.302793, "fair_value": 31.172767, "relative_strength": -8.267763, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.90695, "energy": 54.92027, "activity_lines": [ 24.427312, 23.921675, 22.962229, 22.139938 ] }, { "date": "2025-05-16", "close": 25.256556, "volume": 306838, "typical_volume": 415099.6, "trend": 21.370422, "fair_value": 31.016509, "relative_strength": -10.8676, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.545795, "energy": 60.283251, "activity_lines": [ 24.977192, 24.189203, 23.275092, 22.395019 ] }, { "date": "2025-05-23", "close": 24.991096, "volume": 227463, "typical_volume": 419344.8, "trend": 21.470917, "fair_value": 30.835255, "relative_strength": -10.39761, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.015433, "energy": 59.140071, "activity_lines": [ 25.151636, 24.376058, 23.536037, 22.628611 ] }, { "date": "2025-05-30", "close": 25.825397, "volume": 263333, "typical_volume": 408820.45, "trend": 21.6757, "fair_value": 30.648555, "relative_strength": -7.961438, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.048087, "energy": 61.005974, "activity_lines": [ 25.443641, 24.683578, 23.850705, 22.909545 ] }, { "date": "2025-06-06", "close": 26.052935, "volume": 287828, "typical_volume": 398300.55, "trend": 21.908925, "fair_value": 30.490584, "relative_strength": -7.522493, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.914304, "energy": 51.561982, "activity_lines": [ 25.664858, 25.022125, 24.154358, 23.191948 ] }, { "date": "2025-06-13", "close": 25.825397, "volume": 346703, "typical_volume": 396543.0, "trend": 22.159531, "fair_value": 30.34352, "relative_strength": -4.525636, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.979038, "energy": 42.791158, "activity_lines": [ 25.736911, 25.313095, 24.405822, 23.444623 ] }, { "date": "2025-06-20", "close": 24.79397, "volume": 314297, "typical_volume": 393546.2, "trend": 22.401354, "fair_value": 30.215027, "relative_strength": -6.957846, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.025246, "energy": 38.304935, "activity_lines": [ 25.471476, 25.348618, 24.531787, 23.614587 ] }, { "date": "2025-06-27", "close": 27.358862, "volume": 674257, "typical_volume": 408910.5, "trend": 22.677478, "fair_value": 30.121005, "relative_strength": 0.558255, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.322906, "energy": 44.222232, "activity_lines": [ 26.091843, 25.780636, 24.878767, 23.934426 ] }, { "date": "2025-07-04", "close": 27.397726, "volume": 268096, "typical_volume": 405216.55, "trend": 22.900541, "fair_value": 30.033746, "relative_strength": 2.605097, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.325528, "energy": 48.579977, "activity_lines": [ 26.567314, 26.132887, 25.19542, 24.238958 ] }, { "date": "2025-07-11", "close": 27.825207, "volume": 477352, "typical_volume": 410853.7, "trend": 23.143543, "fair_value": 29.956672, "relative_strength": 3.079559, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.237846, "energy": 67.455983, "activity_lines": [ 27.080457, 26.494283, 25.521551, 24.556679 ] }, { "date": "2025-07-18", "close": 26.562191, "volume": 401461, "typical_volume": 402019.45, "trend": 23.37731, "fair_value": 29.858125, "relative_strength": -0.79349, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.957806, "energy": 62.969117, "activity_lines": [ 27.054444, 26.57382, 25.695931, 24.777237 ] }, { "date": "2025-07-25", "close": 25.571209, "volume": 382903, "typical_volume": 391343.65, "trend": 23.574251, "fair_value": 29.759275, "relative_strength": -3.473207, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.302269, "energy": 39.28456, "activity_lines": [ 26.648983, 26.461506, 25.751566, 24.918778 ] }, { "date": "2025-08-01", "close": 25.085434, "volume": 497806, "typical_volume": 396619.5, "trend": 23.757529, "fair_value": 29.646725, "relative_strength": -1.369096, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.145181, "energy": 24.410342, "activity_lines": [ 26.029781, 26.255149, 25.750951, 25.016274 ] }, { "date": "2025-08-08", "close": 25.959829, "volume": 313677, "typical_volume": 377696.35, "trend": 23.990811, "fair_value": 29.530591, "relative_strength": -0.438642, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.778631, "energy": 19.920693, "activity_lines": [ 25.853606, 26.206058, 25.825036, 25.158358 ] }, { "date": "2025-08-15", "close": 27.514311, "volume": 425103, "typical_volume": 374255.85, "trend": 24.253155, "fair_value": 29.438496, "relative_strength": 5.05683, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.06687, "energy": 23.140876, "activity_lines": [ 26.291452, 26.437155, 26.043818, 25.385681 ] }, { "date": "2025-08-22", "close": 27.12569, "volume": 197368, "typical_volume": 361318.65, "trend": 24.487376, "fair_value": 29.350192, "relative_strength": 4.039536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.070984, "energy": 29.960943, "activity_lines": [ 26.620484, 26.571023, 26.217004, 25.571005 ] }, { "date": "2025-08-29", "close": 26.659348, "volume": 161366, "typical_volume": 344144.2, "trend": 24.712373, "fair_value": 29.286815, "relative_strength": 4.686318, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.297226, "energy": 33.474389, "activity_lines": [ 26.756502, 26.596461, 26.321797, 25.711133 ] }, { "date": "2025-09-05", "close": 26.36788, "volume": 170079, "typical_volume": 337854.5, "trend": 24.917541, "fair_value": 29.227618, "relative_strength": 5.108006, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.273869, "energy": 32.586257, "activity_lines": [ 26.722821, 26.534988, 26.371655, 25.81794 ] }, { "date": "2025-09-12", "close": 26.36788, "volume": 251824, "typical_volume": 341198.65, "trend": 25.101852, "fair_value": 29.211344, "relative_strength": 4.8954, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.493877, "energy": 25.220454, "activity_lines": [ 26.603644, 26.491533, 26.40349, 25.91151 ] }, { "date": "2025-09-19", "close": 27.009104, "volume": 309135, "typical_volume": 332230.7, "trend": 25.294896, "fair_value": 29.206625, "relative_strength": 7.959101, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.085135, "energy": 24.203429, "activity_lines": [ 26.671004, 26.583388, 26.483336, 26.034558 ] }, { "date": "2025-09-26", "close": 27.494879, "volume": 303682, "typical_volume": 329028.55, "trend": 25.496548, "fair_value": 29.201413, "relative_strength": 9.729811, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.30333, "energy": 29.33395, "activity_lines": [ 26.933971, 26.778405, 26.599657, 26.176493 ] }, { "date": "2025-10-03", "close": 28.719032, "volume": 289515, "typical_volume": 328162.4, "trend": 25.671376, "fair_value": 29.20149, "relative_strength": 11.89065, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.59412, "energy": 49.445061, "activity_lines": [ 27.580375, 27.179037, 26.825065, 26.384395 ] }, { "date": "2025-10-10", "close": 29.437981, "volume": 388027, "typical_volume": 336190.6, "trend": 25.87649, "fair_value": 29.193264, "relative_strength": 15.331637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.030475, "energy": 68.85481, "activity_lines": [ 28.329117, 27.653154, 27.102457, 26.627402 ] }, { "date": "2025-10-17", "close": 28.991068, "volume": 341245, "typical_volume": 340086.2, "trend": 26.000973, "fair_value": 29.188687, "relative_strength": 15.463472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.519969, "energy": 71.322892, "activity_lines": [ 28.724215, 27.966876, 27.31611, 26.828342 ] }, { "date": "2025-10-24", "close": 29.301964, "volume": 230641, "typical_volume": 337226.85, "trend": 26.120651, "fair_value": 29.172959, "relative_strength": 14.566316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.236896, "energy": 74.944755, "activity_lines": [ 29.048065, 28.282012, 27.544297, 27.041309 ] }, { "date": "2025-10-31", "close": 27.883501, "volume": 393675, "typical_volume": 339575.45, "trend": 26.313768, "fair_value": 29.140693, "relative_strength": 10.017634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.353237, "energy": 55.505087, "activity_lines": [ 28.746237, 28.306743, 27.621921, 27.155042 ] }, { "date": "2025-11-07", "close": 26.173573, "volume": 274107, "typical_volume": 337565.95, "trend": 26.487809, "fair_value": 29.061523, "relative_strength": 4.746282, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.556968, "energy": 17.244265, "activity_lines": [ 27.848525, 28.006799, 27.526895, 27.145997 ] }, { "date": "2025-11-14", "close": 27.047966, "volume": 202837, "typical_volume": 313994.95, "trend": 26.636641, "fair_value": 28.99296, "relative_strength": 6.508152, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.671356, "energy": 17.591787, "activity_lines": [ 27.411975, 27.874668, 27.508574, 27.182136 ] }, { "date": "2025-11-21", "close": 26.32902, "volume": 179585, "typical_volume": 309569.4, "trend": 26.726746, "fair_value": 28.91246, "relative_strength": 6.751444, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.021438, "energy": 19.891606, "activity_lines": [ 26.89511, 27.599454, 27.423263, 27.16229 ] }, { "date": "2025-11-28", "close": 26.698208, "volume": 312456, "typical_volume": 301324.6, "trend": 26.784914, "fair_value": 28.836305, "relative_strength": 4.586526, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.782191, "energy": 18.451516, "activity_lines": [ 26.678778, 27.392072, 27.378201, 27.160448 ] }, { "date": "2025-12-05", "close": 27.028536, "volume": 147180, "typical_volume": 288610.55, "trend": 26.821858, "fair_value": 28.767501, "relative_strength": 4.831943, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.413301, "energy": 16.486657, "activity_lines": [ 26.746138, 27.250403, 27.369966, 27.176166 ] }, { "date": "2025-12-12", "close": 27.728052, "volume": 171620, "typical_volume": 278046.4, "trend": 26.904242, "fair_value": 28.696551, "relative_strength": 6.573381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.959587, "energy": 12.136388, "activity_lines": [ 27.103669, 27.244397, 27.426131, 27.23463 ] }, { "date": "2025-12-19", "close": 27.650328, "volume": 211003, "typical_volume": 263706.25, "trend": 26.992883, "fair_value": 28.61603, "relative_strength": 5.535748, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.690866, "energy": 13.076242, "activity_lines": [ 27.331659, 27.242277, 27.464623, 27.282765 ] }, { "date": "2025-12-26", "close": 27.805777, "volume": 144760, "typical_volume": 255260.4, "trend": 27.058895, "fair_value": 28.532201, "relative_strength": 5.605465, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.922964, "energy": 20.705004, "activity_lines": [ 27.571309, 27.300923, 27.505706, 27.335209 ] }, { "date": "2026-01-02", "close": 29.107653, "volume": 98358, "typical_volume": 238923.15, "trend": 27.160719, "fair_value": 28.447063, "relative_strength": 9.259475, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.156132, "energy": 42.07177, "activity_lines": [ 28.146466, 27.617825, 27.661987, 27.467387 ] }, { "date": "2026-01-09", "close": 30.603842, "volume": 292770, "typical_volume": 243693.25, "trend": 27.320001, "fair_value": 28.339063, "relative_strength": 11.053026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.554096, "energy": 74.722729, "activity_lines": [ 29.059724, 28.210295, 27.953174, 27.689524 ] }, { "date": "2026-01-16", "close": 30.37067, "volume": 296607, "typical_volume": 250455.3, "trend": 27.505891, "fair_value": 28.219971, "relative_strength": 9.548634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.373195, "energy": 80.594715, "activity_lines": [ 29.656904, 28.710908, 28.205592, 27.886342 ] }, { "date": "2026-01-23", "close": 30.992462, "volume": 553352, "typical_volume": 269618.95, "trend": 27.627011, "fair_value": 28.109518, "relative_strength": 12.966176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.465726, "energy": 83.14618, "activity_lines": [ 30.285173, 29.248264, 28.499556, 28.111282 ] }, { "date": "2026-01-30", "close": 30.098635, "volume": 544473, "typical_volume": 284251.4, "trend": 27.717041, "fair_value": 28.001187, "relative_strength": 10.726232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.917362, "energy": 79.251634, "activity_lines": [ 30.392691, 29.551388, 28.686371, 28.270741 ] }, { "date": "2026-02-06", "close": 30.195789, "volume": 513824, "typical_volume": 294485.85, "trend": 27.79606, "fair_value": 27.907088, "relative_strength": 9.703587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.708124, "energy": 72.798493, "activity_lines": [ 30.379737, 29.803637, 28.864674, 28.430661 ] }, { "date": "2026-02-13", "close": 31.478239, "volume": 1101164, "typical_volume": 334359.95, "trend": 27.959929, "fair_value": 27.81109, "relative_strength": 12.81672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.724456, "energy": 63.982653, "activity_lines": [ 30.721723, 30.225467, 29.14994, 28.668221 ] }, { "date": "2026-02-20", "close": 32.391495, "volume": 446941, "typical_volume": 342231.25, "trend": 28.187272, "fair_value": 27.738162, "relative_strength": 13.854823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.297125, "energy": 68.859067, "activity_lines": [ 31.309835, 30.73244, 29.503214, 28.954128 ] }, { "date": "2026-02-27", "close": 33.032719, "volume": 688700, "typical_volume": 357264.9, "trend": 28.452181, "fair_value": 27.689119, "relative_strength": 15.300562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.144957, "energy": 68.760581, "activity_lines": [ 31.976967, 31.271209, 29.900069, 29.266738 ] }, { "date": "2026-03-06", "close": 30.312378, "volume": 515970, "typical_volume": 366001.15, "trend": 28.597266, "fair_value": 27.621708, "relative_strength": 12.892173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.118178, "energy": 49.295397, "activity_lines": [ 31.601301, 31.217509, 30.020727, 29.38675 ] }, { "date": "2026-03-13", "close": 27.650328, "volume": 565664, "typical_volume": 382752.3, "trend": 28.6018, "fair_value": 27.538511, "relative_strength": 3.318899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.322758, "energy": 19.237229, "activity_lines": [ 30.324036, 30.634225, 29.881564, 29.325657 ] }, { "date": "2026-03-20", "close": 26.911951, "volume": 397865, "typical_volume": 382961.8, "trend": 28.594675, "fair_value": 27.47559, "relative_strength": 5.178845, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.92452, "energy": 15.275969, "activity_lines": [ 28.970342, 29.943188, 29.679944, 29.216635 ] }, { "date": "2026-03-27", "close": 27.533743, "volume": 335591, "typical_volume": 386036.0, "trend": 28.623822, "fair_value": 27.409443, "relative_strength": 7.829129, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.405407, "energy": 31.320962, "activity_lines": [ 28.128332, 29.432329, 29.542169, 29.148188 ] }, { "date": "2026-04-03", "close": 28.757896, "volume": 189414, "typical_volume": 385364.85, "trend": 28.703489, "fair_value": 27.373361, "relative_strength": 8.096362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.825745, "energy": 29.573658, "activity_lines": [ 28.018223, 29.195624, 29.514503, 29.156838 ] }, { "date": "2026-04-10", "close": 32.838406, "volume": 256326, "typical_volume": 389201.9, "trend": 28.919173, "fair_value": 27.348895, "relative_strength": 19.434701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.799492, "energy": 19.057601, "activity_lines": [ 29.553272, 29.741458, 29.867314, 29.423607 ] }, { "date": "2026-04-17", "close": 34.295734, "volume": 238486, "typical_volume": 385503.4, "trend": 29.162061, "fair_value": 27.335749, "relative_strength": 19.555329, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.292385, "energy": 47.720611, "activity_lines": [ 31.405695, 30.502447, 30.327922, 29.770481 ] }, { "date": "2026-04-24", "close": 33.032719, "volume": 177194, "typical_volume": 387004.1, "trend": 29.346656, "fair_value": 27.310435, "relative_strength": 17.292317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.053991, "energy": 59.611652, "activity_lines": [ 32.394086, 30.959253, 30.632063, 30.020201 ] }, { "date": "2026-05-01", "close": 31.769703, "volume": 348133, "typical_volume": 395829.75, "trend": 29.448345, "fair_value": 27.295753, "relative_strength": 11.631384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.430719, "energy": 57.118042, "activity_lines": [ 32.55342, 31.158156, 30.787326, 30.176527 ] }, { "date": "2026-05-08", "close": 33.275604, "volume": 191772, "typical_volume": 394868.2, "trend": 29.576265, "fair_value": 27.281069, "relative_strength": 16.196711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.586701, "energy": 65.610678, "activity_lines": [ 32.932324, 31.642164, 31.066763, 30.423447 ] }, { "date": "2026-05-15", "close": 33.761379, "volume": 267759, "typical_volume": 401018.15, "trend": 29.735276, "fair_value": 27.270198, "relative_strength": 19.127613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.50194, "energy": 56.918331, "activity_lines": [ 33.171973, 32.210079, 31.365676, 30.693454 ] }, { "date": "2026-05-22", "close": 33.469917, "volume": 266197, "typical_volume": 409410.1, "trend": 29.874207, "fair_value": 27.268392, "relative_strength": 13.120365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.100796, "energy": 40.957374, "activity_lines": [ 33.252936, 32.662292, 31.608471, 30.934399 ] }, { "date": "2026-05-29", "close": 35.947369, "volume": 278117, "typical_volume": 408677.45, "trend": 30.143003, "fair_value": 27.286887, "relative_strength": 19.75843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.375034, "energy": 60.66622, "activity_lines": [ 34.214771, 33.45914, 32.066442, 31.326216 ] }, { "date": "2026-06-05", "close": 34.344311, "volume": 38209, "typical_volume": 395757.55, "trend": 30.415361, "fair_value": 27.297665, "relative_strength": 15.429991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.516619, "energy": 57.108778, "activity_lines": [ 34.447943, 33.800243, 32.346294, 31.597268 ] }, { "date": "2026-06-12", "close": 34.587196, "volume": 69704, "typical_volume": 371575.15, "trend": 30.666669, "fair_value": 27.313557, "relative_strength": 16.261363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.489073, "energy": 56.318666, "activity_lines": [ 34.590436, 34.061678, 32.630357, 31.866418 ] }, { "date": "2026-06-19", "close": 33.25, "volume": 98524, "typical_volume": 349277.7, "trend": 30.897368, "fair_value": 27.323371, "relative_strength": 9.728624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.869019, "energy": 44.074652, "activity_lines": [ 34.199758, 33.973999, 32.76995, 32.033085 ] }, { "date": "2026-06-26", "close": 29.799999, "volume": 46932, "typical_volume": 325933.1, "trend": 31.000761, "fair_value": 27.306556, "relative_strength": -0.512368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.734832, "energy": 11.510505, "activity_lines": [ 32.693172, 33.251563, 32.565965, 31.962287 ] }, { "date": "2026-07-03", "close": 31.65, "volume": 76558, "typical_volume": 274702.8, "trend": 31.15481, "fair_value": 27.307539, "relative_strength": 1.000544, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.770638, "energy": 18.763302, "activity_lines": [ 32.047913, 32.947233, 32.540055, 32.004173 ] }, { "date": "2026-07-10", "close": 32.049999, "volume": 308848, "typical_volume": 267798.15, "trend": 31.298875, "fair_value": 27.304435, "relative_strength": 4.96478, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.93902, "energy": 22.983094, "activity_lines": [ 31.822479, 32.740769, 32.551422, 32.061928 ] }, { "date": "2026-07-17", "close": 34.650002, "volume": 467522, "typical_volume": 256739.25, "trend": 31.532197, "fair_value": 27.328449, "relative_strength": 14.015543, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.276171, "energy": 24.440932, "activity_lines": [ 32.616667, 33.001937, 32.812035, 32.278129 ] }, { "date": "2026-07-24", "close": 35.099998, "volume": 329400, "typical_volume": 247410.75, "trend": 31.775338, "fair_value": 27.350241, "relative_strength": 13.651185, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.427416, "energy": 31.686388, "activity_lines": [ 33.556666, 33.319934, 33.107803, 32.50831 ] }, { "date": "2026-07-31", "close": 34.95, "volume": 481972, "typical_volume": 243226.15, "trend": 31.970083, "fair_value": 27.364301, "relative_strength": 10.319342, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.636784, "energy": 52.63261, "activity_lines": [ 34.323333, 33.586319, 33.366487, 32.713127 ] }, { "date": "2026-08-07", "close": 36.0, "volume": 287896, "typical_volume": 237727.7, "trend": 32.149955, "fair_value": 27.384736, "relative_strength": 10.150837, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.391711, "energy": 67.238408, "activity_lines": [ 35.096666, 34.016703, 33.690412, 32.973122 ] } ], "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." } } }