{ "ticker": { "uuid": "bd8985eb-3f4d-4301-a707-ab24147963bf", "symbol": "GJAB", "name": "Gullberg & Jansson AB", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 69.505, "architecture_energy": 47.989, "architecture_maturity": 22.0, "architecture_confidence": 85.013, "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": 36.11, "rotation_up": 55.4, "upward_expansion": 73.95, "deceleration": 57.94, "rotation_down": 22.07, "downward_expansion": 16.95 }, "activity_lines": [ 14.173333, 13.689091, 13.564048, 13.475591 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 17.0, "trend_reference": 13.281667, "distance_from_trend": 0.27996, "trend_direction": "Improving", "fair_value": 15.3375, "distance_from_fair_value": 0.108394, "fair_value_direction": "Improving", "relative_strength": 13.87913, "relative_strength_direction": "Improving", "price_momentum": 0.497797, "excess_performance": 0.436303, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.27996, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02311, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.108394, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.323297, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.138791, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.266243, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.497797, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 10.691414, "read": "Demand-led" } ], "volume": { "latest": 15319, "relative_activity": 1.134573, "balance": 10.691414, "dry_up": 0.689453, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.08371, "annualized_volatility": 0.558121, "from_high_reference": -0.055556, "from_low_reference": 0.581395 }, "levels": { "trend_reference": 13.281667, "fair_value_reference": 15.3375, "structural_low": 10.75, "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": 8, "median_return": -0.096767, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.112425, "regime_survival": 0.75, "best_return": 0.349206, "worst_return": -0.196544, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.215554, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.186031, "regime_survival": 0.0, "best_return": -0.156109, "worst_return": -0.275, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.202715, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.199233, "regime_survival": 0.0, "best_return": -0.1, "worst_return": -0.30543, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.470402, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.367668, "regime_survival": 0.0, "best_return": -0.411765, "worst_return": -0.529039, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-07-19", "tenure": "Developing", "return": -0.00905, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-08-30", "tenure": "Developing", "return": -0.225941, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.137536, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-11-22", "tenure": "Developing", "return": -0.279343, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-03-21", "tenure": "Established", "return": -0.101639, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-12-05", "tenure": "Extended", "return": -0.169935, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-02-27", "tenure": "Developing", "return": -0.015326, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.028571, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": -0.026415, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-06-05", "tenure": "Developing", "return": 0.037037, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": -0.131034, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-07-31", "tenure": "New", "return": 0.0, "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": 23.1, "volume": 10467, "typical_volume": 15763.7, "trend": 31.806667, "fair_value": 53.6864, "relative_strength": -39.219749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.026557, "energy": 52.626797, "activity_lines": [ 24.286667, 24.665455, 26.851905, 29.099248 ] }, { "date": "2023-08-25", "close": 24.9, "volume": 12524, "typical_volume": 15695.75, "trend": 31.486667, "fair_value": 53.684114, "relative_strength": -33.324873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.079651, "energy": 48.27146, "activity_lines": [ 24.42, 24.625455, 26.386667, 28.653656 ] }, { "date": "2023-09-01", "close": 21.1, "volume": 6080, "typical_volume": 15733.3, "trend": 30.968334, "fair_value": 53.668507, "relative_strength": -43.275165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.869309, "energy": 67.166063, "activity_lines": [ 23.24, 23.923637, 25.63, 27.983549 ] }, { "date": "2023-09-08", "close": 21.0, "volume": 6787, "typical_volume": 15337.45, "trend": 30.405, "fair_value": 53.658392, "relative_strength": -42.057517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.173375, "energy": 69.358788, "activity_lines": [ 22.286667, 23.327273, 24.956191, 27.34043 ] }, { "date": "2023-09-15", "close": 18.049999, "volume": 10302, "typical_volume": 15311.65, "trend": 29.778334, "fair_value": 53.617101, "relative_strength": -49.390881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.7844, "energy": 86.493931, "activity_lines": [ 20.696666, 22.261818, 24.084286, 26.543334 ] }, { "date": "2023-09-22", "close": 18.200001, "volume": 4661, "typical_volume": 15249.4, "trend": 29.151667, "fair_value": 53.564507, "relative_strength": -46.946776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.132754, "energy": 87.441672, "activity_lines": [ 19.553333, 21.342727, 23.307381, 25.796344 ] }, { "date": "2023-09-29", "close": 17.0, "volume": 7109, "typical_volume": 15396.5, "trend": 28.388334, "fair_value": 53.505447, "relative_strength": -48.892371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.651642, "energy": 88.472125, "activity_lines": [ 18.336667, 20.329091, 22.506667, 25.012366 ] }, { "date": "2023-10-06", "close": 15.35, "volume": 19323, "typical_volume": 10322.65, "trend": 27.676667, "fair_value": 53.411279, "relative_strength": -52.454903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.597803, "energy": 90.000837, "activity_lines": [ 17.096667, 19.146364, 21.635, 24.171183 ] }, { "date": "2023-10-13", "close": 15.3, "volume": 6771, "typical_volume": 9286.25, "trend": 26.973334, "fair_value": 53.302599, "relative_strength": -52.128216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.253198, "energy": 81.907427, "activity_lines": [ 16.223333, 18.13, 20.847381, 23.372688 ] }, { "date": "2023-10-20", "close": 14.8, "volume": 2691, "typical_volume": 8599.3, "trend": 26.395, "fair_value": 53.195667, "relative_strength": -49.856172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.000431, "energy": 78.010525, "activity_lines": [ 15.563333, 17.220909, 20.07881, 22.587312 ] }, { "date": "2023-10-27", "close": 13.5, "volume": 12822, "typical_volume": 9186.4, "trend": 25.83, "fair_value": 53.096496, "relative_strength": -52.314813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.163821, "energy": 69.973446, "activity_lines": [ 14.686667, 16.242727, 19.247381, 21.755376 ] }, { "date": "2023-11-03", "close": 13.3, "volume": 13941, "typical_volume": 9409.25, "trend": 24.95, "fair_value": 52.983662, "relative_strength": -53.427117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.738769, "energy": 68.349748, "activity_lines": [ 14.056667, 15.402727, 18.464524, 20.946989 ] }, { "date": "2023-11-10", "close": 13.0, "volume": 3885, "typical_volume": 9030.9, "trend": 24.033333, "fair_value": 52.837953, "relative_strength": -53.447309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.143958, "energy": 67.469173, "activity_lines": [ 13.573333, 14.719091, 17.715952, 20.176022 ] }, { "date": "2023-11-17", "close": 13.3, "volume": 10098, "typical_volume": 8234.55, "trend": 23.196667, "fair_value": 52.666931, "relative_strength": -53.407507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.41359, "energy": 65.467105, "activity_lines": [ 13.346667, 14.237273, 17.066905, 19.483548 ] }, { "date": "2023-11-24", "close": 16.450001, "volume": 6385, "typical_volume": 8007.65, "trend": 22.578333, "fair_value": 52.526005, "relative_strength": -42.449778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.703938, "energy": 54.207088, "activity_lines": [ 14.303334, 14.468182, 16.772143, 19.04828 ] }, { "date": "2023-12-01", "close": 14.5, "volume": 7766, "typical_volume": 7973.6, "trend": 21.821667, "fair_value": 52.361436, "relative_strength": -49.022526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.169425, "energy": 44.745989, "activity_lines": [ 14.5, 14.373637, 16.330476, 18.527097 ] }, { "date": "2023-12-08", "close": 15.3, "volume": 3324, "typical_volume": 7926.9, "trend": 21.161667, "fair_value": 52.201996, "relative_strength": -46.941948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.170925, "energy": 35.913229, "activity_lines": [ 14.896667, 14.491818, 16.015, 18.106344 ] }, { "date": "2023-12-15", "close": 13.95, "volume": 9271, "typical_volume": 8200.65, "trend": 20.493333, "fair_value": 52.052472, "relative_strength": -52.326953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.437585, "energy": 33.081441, "activity_lines": [ 14.71, 14.395455, 15.613333, 17.641075 ] }, { "date": "2023-12-22", "close": 14.2, "volume": 23514, "typical_volume": 9258.75, "trend": 19.99, "fair_value": 51.903314, "relative_strength": -50.405431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.911292, "energy": 37.012241, "activity_lines": [ 14.543333, 14.37, 15.288095, 17.235054 ] }, { "date": "2023-12-29", "close": 13.95, "volume": 7001, "typical_volume": 9236.1, "trend": 19.535, "fair_value": 51.738934, "relative_strength": -50.850778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.521188, "energy": 41.391731, "activity_lines": [ 14.233333, 14.319091, 14.996191, 16.845376 ] }, { "date": "2024-01-05", "close": 14.25, "volume": 16789, "typical_volume": 9552.2, "trend": 19.086667, "fair_value": 51.514573, "relative_strength": -47.62381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.64141, "energy": 41.605547, "activity_lines": [ 14.19, 14.338182, 14.780714, 16.504409 ] }, { "date": "2024-01-12", "close": 14.7, "volume": 18970, "typical_volume": 9874.5, "trend": 18.693333, "fair_value": 51.293098, "relative_strength": -45.537953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.178056, "energy": 37.011066, "activity_lines": [ 14.313333, 14.425455, 14.650238, 16.221398 ] }, { "date": "2024-01-19", "close": 15.5, "volume": 5488, "typical_volume": 9844.9, "trend": 18.28, "fair_value": 51.076751, "relative_strength": -40.226101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.982627, "energy": 24.928701, "activity_lines": [ 14.743333, 14.632727, 14.644524, 16.015376 ] }, { "date": "2024-01-26", "close": 15.05, "volume": 16379, "typical_volume": 10324.5, "trend": 17.958333, "fair_value": 50.899613, "relative_strength": -42.817709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.814328, "energy": 15.18787, "activity_lines": [ 14.92, 14.712727, 14.622619, 15.806989 ] }, { "date": "2024-02-02", "close": 14.95, "volume": 5341, "typical_volume": 10076.45, "trend": 17.636667, "fair_value": 50.697073, "relative_strength": -42.176917, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.165915, "energy": 12.344242, "activity_lines": [ 15.006667, 14.742727, 14.619524, 15.612903 ] }, { "date": "2024-02-09", "close": 14.55, "volume": 7594, "typical_volume": 10223.1, "trend": 17.288333, "fair_value": 50.503111, "relative_strength": -42.230822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.389475, "energy": 10.878713, "activity_lines": [ 14.893333, 14.727273, 14.593095, 15.413763 ] }, { "date": "2024-02-16", "close": 13.5, "volume": 17464, "typical_volume": 10740.85, "trend": 16.931667, "fair_value": 50.290038, "relative_strength": -46.623574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.306801, "energy": 23.302682, "activity_lines": [ 14.41, 14.52, 14.484048, 15.169355 ] }, { "date": "2024-02-23", "close": 13.75, "volume": 60749, "typical_volume": 12812.15, "trend": 16.556667, "fair_value": 50.062473, "relative_strength": -45.108994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.547423, "energy": 29.574653, "activity_lines": [ 14.09, 14.390909, 14.415476, 14.964086 ] }, { "date": "2024-03-01", "close": 13.25, "volume": 10258, "typical_volume": 12986.5, "trend": 16.125, "fair_value": 49.850273, "relative_strength": -46.429753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.654341, "energy": 37.867835, "activity_lines": [ 13.72, 14.174545, 14.306905, 14.750753 ] }, { "date": "2024-03-08", "close": 13.5, "volume": 18943, "typical_volume": 13799.1, "trend": 15.775, "fair_value": 49.653295, "relative_strength": -44.798609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.491642, "energy": 42.018912, "activity_lines": [ 13.553333, 14.020909, 14.231905, 14.581398 ] }, { "date": "2024-03-15", "close": 13.4, "volume": 11044, "typical_volume": 13710.2, "trend": 15.451667, "fair_value": 49.451962, "relative_strength": -44.891438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.932628, "energy": 43.871545, "activity_lines": [ 13.45, 13.857273, 14.153571, 14.428172 ] }, { "date": "2024-03-22", "close": 14.85, "volume": 9879, "typical_volume": 13507.1, "trend": 15.116667, "fair_value": 49.26859, "relative_strength": -37.755752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.513761, "energy": 22.871341, "activity_lines": [ 13.906667, 13.972727, 14.21381, 14.389355 ] }, { "date": "2024-03-29", "close": 14.3, "volume": 14327, "typical_volume": 14029.2, "trend": 14.89, "fair_value": 49.069311, "relative_strength": -38.674549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.016909, "energy": 14.987017, "activity_lines": [ 14.09, 13.985455, 14.214286, 14.336667 ] }, { "date": "2024-04-05", "close": 16.35, "volume": 22288, "typical_volume": 14638.7, "trend": 14.735, "fair_value": 48.858413, "relative_strength": -27.759071, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.051163, "energy": 12.937211, "activity_lines": [ 14.92, 14.392727, 14.40381, 14.43086 ] }, { "date": "2024-04-12", "close": 15.6, "volume": 11828, "typical_volume": 14910.85, "trend": 14.653333, "fair_value": 48.62785, "relative_strength": -29.361833, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.60308, "energy": 21.453831, "activity_lines": [ 15.293333, 14.64, 14.507381, 14.486667 ] }, { "date": "2024-04-19", "close": 14.2, "volume": 10507, "typical_volume": 15047.9, "trend": 14.52, "fair_value": 48.404407, "relative_strength": -33.927706, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.960166, "energy": 14.500296, "activity_lines": [ 15.06, 14.620909, 14.481667, 14.457419 ] }, { "date": "2024-04-26", "close": 14.15, "volume": 10241, "typical_volume": 15393.75, "trend": 14.425, "fair_value": 48.163311, "relative_strength": -34.135105, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.811189, "energy": 20.569289, "activity_lines": [ 14.756667, 14.599091, 14.452619, 14.433548 ] }, { "date": "2024-05-03", "close": 15.95, "volume": 12191, "typical_volume": 15539.75, "trend": 14.445, "fair_value": 47.875564, "relative_strength": -23.431635, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.453365, "energy": 23.620963, "activity_lines": [ 15.1, 14.892727, 14.600476, 14.531935 ] }, { "date": "2024-05-10", "close": 16.5, "volume": 4306, "typical_volume": 14579.35, "trend": 14.485, "fair_value": 47.564106, "relative_strength": -21.708333, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.918433, "energy": 29.015916, "activity_lines": [ 15.516667, 15.246364, 14.79119, 14.664516 ] }, { "date": "2024-05-17", "close": 18.0, "volume": 11860, "typical_volume": 14822.3, "trend": 14.591667, "fair_value": 47.264739, "relative_strength": -12.074206, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.836349, "energy": 55.702386, "activity_lines": [ 16.423333, 15.813636, 15.11381, 14.89129 ] }, { "date": "2024-05-24", "close": 22.1, "volume": 6780, "typical_volume": 14321.85, "trend": 14.878333, "fair_value": 46.938907, "relative_strength": 8.219701, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.187782, "energy": 81.41122, "activity_lines": [ 18.536667, 17.044545, 15.807619, 15.375699 ] }, { "date": "2024-05-31", "close": 24.4, "volume": 11453, "typical_volume": 13946.0, "trend": 15.248333, "fair_value": 46.601498, "relative_strength": 21.218108, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.885087, "energy": 89.971958, "activity_lines": [ 20.89, 18.535455, 16.683095, 15.99 ] }, { "date": "2024-06-07", "close": 25.0, "volume": 16978, "typical_volume": 14520.5, "trend": 15.648333, "fair_value": 46.13508, "relative_strength": 24.049086, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.469234, "energy": 94.046025, "activity_lines": [ 22.76, 19.961818, 17.569524, 16.61914 ] }, { "date": "2024-06-14", "close": 26.0, "volume": 10370, "typical_volume": 14220.05, "trend": 16.071667, "fair_value": 45.710166, "relative_strength": 32.551041, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.458461, "energy": 92.444626, "activity_lines": [ 24.36, 21.375455, 18.505952, 17.286989 ] }, { "date": "2024-06-21", "close": 26.9, "volume": 6593, "typical_volume": 14282.65, "trend": 16.42, "fair_value": 45.294781, "relative_strength": 37.19008, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.109457, "energy": 90.392684, "activity_lines": [ 25.626667, 22.777273, 19.475952, 17.985591 ] }, { "date": "2024-06-28", "close": 26.200001, "volume": 5427, "typical_volume": 14174.3, "trend": 16.81, "fair_value": 44.888696, "relative_strength": 34.012656, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.467813, "energy": 79.995692, "activity_lines": [ 26.066667, 23.846364, 20.322381, 18.616559 ] }, { "date": "2024-07-05", "close": 25.0, "volume": 3787, "typical_volume": 13490.45, "trend": 17.133333, "fair_value": 44.447346, "relative_strength": 28.903064, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.319506, "energy": 62.267325, "activity_lines": [ 25.833334, 24.479091, 20.999048, 19.144946 ] }, { "date": "2024-07-12", "close": 23.1, "volume": 11375, "typical_volume": 11021.75, "trend": 17.438333, "fair_value": 44.043949, "relative_strength": 16.442828, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.39312, "energy": 52.876808, "activity_lines": [ 24.926667, 24.569091, 21.44, 19.529893 ] }, { "date": "2024-07-19", "close": 21.9, "volume": 6712, "typical_volume": 10844.45, "trend": 17.695, "fair_value": 43.622833, "relative_strength": 13.649311, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.783725, "energy": 36.271084, "activity_lines": [ 23.746667, 24.310909, 21.722143, 19.817742 ] }, { "date": "2024-07-26", "close": 23.9, "volume": 5242, "typical_volume": 10159.4, "trend": 18.026667, "fair_value": 43.193231, "relative_strength": 24.218981, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.417014, "energy": 27.108825, "activity_lines": [ 23.506667, 24.318182, 22.153572, 20.218065 ] }, { "date": "2024-08-02", "close": 19.9, "volume": 16471, "typical_volume": 10430.75, "trend": 18.215, "fair_value": 42.756789, "relative_strength": 9.181061, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.78544, "energy": 21.505498, "activity_lines": [ 22.133333, 23.490909, 22.154524, 20.338925 ] }, { "date": "2024-08-09", "close": 18.75, "volume": 8922, "typical_volume": 10382.9, "trend": 18.35, "fair_value": 42.29292, "relative_strength": 4.108509, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.8337, "energy": 17.684571, "activity_lines": [ 20.796667, 22.494546, 22.015, 20.373441 ] }, { "date": "2024-08-16", "close": 18.6, "volume": 7890, "typical_volume": 10061.05, "trend": 18.453333, "fair_value": 41.835611, "relative_strength": 1.147185, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.194968, "energy": 15.052795, "activity_lines": [ 19.826667, 21.573636, 21.842619, 20.38957 ] }, { "date": "2024-08-23", "close": 18.65, "volume": 15275, "typical_volume": 9710.4, "trend": 18.573333, "fair_value": 41.383635, "relative_strength": 1.538888, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.893058, "energy": 20.16767, "activity_lines": [ 19.173333, 20.778182, 21.654524, 20.402258 ] }, { "date": "2024-08-30", "close": 18.5, "volume": 8598, "typical_volume": 9548.9, "trend": 18.691667, "fair_value": 40.921924, "relative_strength": -0.024924, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.020504, "energy": 27.192211, "activity_lines": [ 18.686667, 20.089091, 21.441191, 20.397527 ] }, { "date": "2024-09-06", "close": 17.450001, "volume": 5884, "typical_volume": 9317.75, "trend": 18.788333, "fair_value": 40.50863, "relative_strength": -0.627993, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.90385, "energy": 38.37396, "activity_lines": [ 18.21, 19.361818, 21.114048, 20.317419 ] }, { "date": "2024-09-13", "close": 17.950001, "volume": 10449, "typical_volume": 9328.15, "trend": 18.936667, "fair_value": 40.121102, "relative_strength": 0.735454, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.861938, "energy": 32.07824, "activity_lines": [ 18.063334, 18.884546, 20.819048, 20.263334 ] }, { "date": "2024-09-20", "close": 17.4, "volume": 7899, "typical_volume": 9113.55, "trend": 19.058333, "fair_value": 39.732554, "relative_strength": -3.960969, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.069428, "energy": 23.851453, "activity_lines": [ 17.786667, 18.435455, 20.453572, 20.164194 ] }, { "date": "2024-09-27", "close": 19.85, "volume": 14946, "typical_volume": 9645.55, "trend": 19.278333, "fair_value": 39.393552, "relative_strength": 7.166228, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.95235, "energy": 14.693717, "activity_lines": [ 18.406667, 18.535455, 20.314524, 20.215269 ] }, { "date": "2024-10-04", "close": 21.299999, "volume": 9474, "typical_volume": 9526.25, "trend": 19.538333, "fair_value": 39.093925, "relative_strength": 16.233166, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.32526, "energy": 3.939067, "activity_lines": [ 19.43, 18.936364, 20.297619, 20.345699 ] }, { "date": "2024-10-11", "close": 19.65, "volume": 3765, "typical_volume": 9375.5, "trend": 19.746667, "fair_value": 38.706014, "relative_strength": 7.676182, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.959542, "energy": 6.310424, "activity_lines": [ 19.716666, 19.084545, 20.107857, 20.352903 ] }, { "date": "2024-10-18", "close": 19.450001, "volume": 2851, "typical_volume": 8945.4, "trend": 19.9, "fair_value": 38.354421, "relative_strength": 6.242664, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.89526, "energy": 6.734288, "activity_lines": [ 19.79, 19.200909, 19.910714, 20.333764 ] }, { "date": "2024-10-25", "close": 19.700001, "volume": 5762, "typical_volume": 8384.6, "trend": 20.08, "fair_value": 37.979363, "relative_strength": 7.395627, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.318928, "energy": 5.054471, "activity_lines": [ 19.846667, 19.35, 19.760953, 20.32086 ] }, { "date": "2024-11-01", "close": 20.0, "volume": 1853, "typical_volume": 7958.75, "trend": 20.201667, "fair_value": 37.609989, "relative_strength": 10.057133, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.353776, "energy": 2.413256, "activity_lines": [ 19.85, 19.533637, 19.665, 20.315699 ] }, { "date": "2024-11-08", "close": 17.1, "volume": 1859, "typical_volume": 7722.05, "trend": 20.251667, "fair_value": 37.133037, "relative_strength": -6.093645, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.528376, "energy": 24.210512, "activity_lines": [ 18.876667, 19.165455, 19.321429, 20.115592 ] }, { "date": "2024-11-15", "close": 16.0, "volume": 14922, "typical_volume": 8196.8, "trend": 20.311667, "fair_value": 36.709195, "relative_strength": -10.506647, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.855715, "energy": 40.473603, "activity_lines": [ 17.816667, 18.622727, 18.919762, 19.84129 ] }, { "date": "2024-11-22", "close": 15.35, "volume": 2178, "typical_volume": 8116.35, "trend": 20.351667, "fair_value": 36.306253, "relative_strength": -13.987011, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.881487, "energy": 52.454953, "activity_lines": [ 16.783333, 17.988182, 18.504762, 19.521183 ] }, { "date": "2024-11-29", "close": 15.25, "volume": 12550, "typical_volume": 8175.1, "trend": 20.328333, "fair_value": 35.901416, "relative_strength": -14.451378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.149588, "energy": 59.118585, "activity_lines": [ 15.99, 17.382727, 18.126191, 19.192043 ] }, { "date": "2024-12-06", "close": 14.65, "volume": 17105, "typical_volume": 8694.75, "trend": 20.266667, "fair_value": 35.488974, "relative_strength": -20.756804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.776981, "energy": 59.97579, "activity_lines": [ 15.293333, 16.707273, 17.727857, 18.825699 ] }, { "date": "2024-12-13", "close": 14.1, "volume": 8084, "typical_volume": 8836.85, "trend": 20.136667, "fair_value": 35.074259, "relative_strength": -21.933444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.300433, "energy": 62.46691, "activity_lines": [ 14.77, 16.026364, 17.311667, 18.42785 ] }, { "date": "2024-12-20", "close": 14.0, "volume": 8136, "typical_volume": 8420.1, "trend": 19.866667, "fair_value": 34.64637, "relative_strength": -19.859323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.253578, "energy": 63.176186, "activity_lines": [ 14.413333, 15.458182, 16.932619, 18.031936 ] }, { "date": "2024-12-27", "close": 14.7, "volume": 1984, "typical_volume": 8073.2, "trend": 19.543333, "fair_value": 34.207927, "relative_strength": -16.397052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.263315, "energy": 60.388591, "activity_lines": [ 14.423333, 15.12, 16.648333, 17.698602 ] }, { "date": "2025-01-03", "close": 13.9, "volume": 1453, "typical_volume": 7751.35, "trend": 19.173333, "fair_value": 33.755583, "relative_strength": -21.495276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.626821, "energy": 57.993123, "activity_lines": [ 14.21, 14.722727, 16.307143, 17.334516 ] }, { "date": "2025-01-10", "close": 14.75, "volume": 6191, "typical_volume": 7297.15, "trend": 18.798333, "fair_value": 33.329995, "relative_strength": -17.011559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.285596, "energy": 45.785833, "activity_lines": [ 14.37, 14.585455, 16.069286, 17.04914 ] }, { "date": "2025-01-17", "close": 13.8, "volume": 8105, "typical_volume": 7272.5, "trend": 18.361667, "fair_value": 32.924637, "relative_strength": -24.833237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.253799, "energy": 42.868804, "activity_lines": [ 14.206667, 14.370909, 15.759524, 16.726667 ] }, { "date": "2025-01-24", "close": 13.1, "volume": 1193584, "typical_volume": 66657.5, "trend": 17.925, "fair_value": 32.532339, "relative_strength": -29.766544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.99615, "energy": 47.884203, "activity_lines": [ 13.83, 14.089091, 15.405476, 16.387204 ] }, { "date": "2025-01-31", "close": 13.4, "volume": 15499, "typical_volume": 66910.0, "trend": 17.538333, "fair_value": 32.098096, "relative_strength": -27.922834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.199096, "energy": 46.206026, "activity_lines": [ 13.613333, 13.914545, 15.100714, 16.095269 ] }, { "date": "2025-02-07", "close": 13.9, "volume": 39605, "typical_volume": 68495.3, "trend": 17.231667, "fair_value": 31.649512, "relative_strength": -24.168985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.412522, "energy": 38.945282, "activity_lines": [ 13.65, 13.866364, 14.865238, 15.860538 ] }, { "date": "2025-02-14", "close": 13.25, "volume": 22541, "typical_volume": 68875.05, "trend": 16.943333, "fair_value": 31.261936, "relative_strength": -29.627954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.762805, "energy": 40.13709, "activity_lines": [ 13.47, 13.724545, 14.584524, 15.603656 ] }, { "date": "2025-02-21", "close": 13.5, "volume": 4304, "typical_volume": 68616.55, "trend": 16.596667, "fair_value": 30.899775, "relative_strength": -28.354274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.355036, "energy": 35.233235, "activity_lines": [ 13.473333, 13.653636, 14.359048, 15.381505 ] }, { "date": "2025-02-28", "close": 15.3, "volume": 40455, "typical_volume": 70451.05, "trend": 16.443333, "fair_value": 30.580487, "relative_strength": -18.867041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.064432, "energy": 21.447912, "activity_lines": [ 14.096667, 13.920909, 14.342143, 15.29785 ] }, { "date": "2025-03-07", "close": 13.4, "volume": 6046, "typical_volume": 70610.8, "trend": 16.265, "fair_value": 30.233979, "relative_strength": -28.957773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.358185, "energy": 23.204759, "activity_lines": [ 13.94, 13.819091, 14.165, 15.101505 ] }, { "date": "2025-03-14", "close": 14.1, "volume": 17695, "typical_volume": 71207.45, "trend": 16.115, "fair_value": 29.873158, "relative_strength": -23.93469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.311872, "energy": 17.16786, "activity_lines": [ 14.016667, 13.868182, 14.083333, 14.961828 ] }, { "date": "2025-03-21", "close": 13.7, "volume": 10432, "typical_volume": 71636.4, "trend": 15.95, "fair_value": 29.511027, "relative_strength": -24.46582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.161189, "energy": 16.688586, "activity_lines": [ 13.946667, 13.840909, 13.990238, 14.806022 ] }, { "date": "2025-03-28", "close": 15.3, "volume": 2795, "typical_volume": 71683.2, "trend": 15.843333, "fair_value": 29.107764, "relative_strength": -12.850588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.449383, "energy": 8.494724, "activity_lines": [ 14.38, 14.123636, 14.079524, 14.764086 ] }, { "date": "2025-04-04", "close": 14.15, "volume": 10472, "typical_volume": 71460.7, "trend": 15.733333, "fair_value": 28.710917, "relative_strength": -10.314887, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.645128, "energy": 9.238659, "activity_lines": [ 14.31, 14.17, 14.067857, 14.654839 ] }, { "date": "2025-04-11", "close": 13.0, "volume": 217809, "typical_volume": 82242.25, "trend": 15.568333, "fair_value": 28.331138, "relative_strength": -17.136108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.541193, "energy": 18.337463, "activity_lines": [ 13.933333, 13.988182, 13.955476, 14.478495 ] }, { "date": "2025-04-18", "close": 15.35, "volume": 16999, "typical_volume": 82464.7, "trend": 15.5, "fair_value": 27.972063, "relative_strength": -5.617545, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.469066, "energy": 6.078131, "activity_lines": [ 14.366667, 14.240909, 14.078095, 14.464409 ] }, { "date": "2025-04-25", "close": 13.65, "volume": 24623, "typical_volume": 82840.6, "trend": 15.293333, "fair_value": 27.605224, "relative_strength": -18.560001, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.074051, "energy": 14.498075, "activity_lines": [ 14.15, 14.158182, 14.038333, 14.345054 ] }, { "date": "2025-05-02", "close": 12.75, "volume": 9680, "typical_volume": 82920.4, "trend": 15.008333, "fair_value": 27.233869, "relative_strength": -24.797749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.674708, "energy": 22.95216, "activity_lines": [ 13.636667, 13.904545, 13.917619, 14.180968 ] }, { "date": "2025-05-09", "close": 14.6, "volume": 8689, "typical_volume": 82948.05, "trend": 14.84, "fair_value": 26.875, "relative_strength": -13.332104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.237865, "energy": 10.675403, "activity_lines": [ 13.91, 14.000909, 13.979524, 14.154624 ] }, { "date": "2025-05-16", "close": 14.5, "volume": 28012, "typical_volume": 84249.45, "trend": 14.675, "fair_value": 26.563462, "relative_strength": -16.859273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.351553, "energy": 8.135156, "activity_lines": [ 14.12, 14.091818, 14.029048, 14.132688 ] }, { "date": "2025-05-23", "close": 13.0, "volume": 96684, "typical_volume": 89011.0, "trend": 14.451667, "fair_value": 26.239103, "relative_strength": -22.833767, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.378835, "energy": 21.239869, "activity_lines": [ 13.73, 13.89, 13.936667, 14.024624 ] }, { "date": "2025-05-30", "close": 14.5, "volume": 7616, "typical_volume": 89082.25, "trend": 14.268333, "fair_value": 25.937821, "relative_strength": -13.627767, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.618446, "energy": 8.933397, "activity_lines": [ 13.996667, 13.980909, 13.991429, 14.027742 ] }, { "date": "2025-06-06", "close": 13.75, "volume": 7744, "typical_volume": 89064.2, "trend": 14.156667, "fair_value": 25.644551, "relative_strength": -17.966612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.561368, "energy": 11.309555, "activity_lines": [ 13.956667, 13.920909, 13.975952, 13.994301 ] }, { "date": "2025-06-13", "close": 15.3, "volume": 13895, "typical_volume": 30079.75, "trend": 14.133333, "fair_value": 25.41891, "relative_strength": -5.345991, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.238558, "energy": 14.213424, "activity_lines": [ 14.366667, 14.170909, 14.108333, 14.068065 ] }, { "date": "2025-06-20", "close": 14.45, "volume": 38354, "typical_volume": 31222.5, "trend": 14.103333, "fair_value": 25.173077, "relative_strength": -8.937427, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.563197, "energy": 12.444075, "activity_lines": [ 14.446667, 14.245455, 14.149286, 14.088495 ] }, { "date": "2025-06-27", "close": 14.0, "volume": 8158, "typical_volume": 29650.15, "trend": 14.061667, "fair_value": 24.974359, "relative_strength": -12.657089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.850726, "energy": 21.603192, "activity_lines": [ 14.38, 14.211818, 14.142381, 14.081828 ] }, { "date": "2025-07-04", "close": 13.8, "volume": 18578, "typical_volume": 29452.0, "trend": 14.033333, "fair_value": 24.779487, "relative_strength": -13.001508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.96296, "energy": 15.525923, "activity_lines": [ 14.18, 14.166364, 14.115952, 14.064946 ] }, { "date": "2025-07-11", "close": 13.45, "volume": 2511, "typical_volume": 29362.35, "trend": 14.011667, "fair_value": 24.564423, "relative_strength": -15.390308, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.058008, "energy": 2.751675, "activity_lines": [ 13.91, 14.054545, 14.053571, 14.027312 ] }, { "date": "2025-07-18", "close": 13.45, "volume": 8613, "typical_volume": 27770.25, "trend": 13.993333, "fair_value": 24.320513, "relative_strength": -14.593684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.779816, "energy": 18.450519, "activity_lines": [ 13.66, 13.93, 13.991429, 13.991075 ] }, { "date": "2025-07-25", "close": 13.3, "volume": 25189, "typical_volume": 28727.4, "trend": 13.946667, "fair_value": 24.048718, "relative_strength": -16.39515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.951005, "energy": 29.282105, "activity_lines": [ 13.483333, 13.799091, 13.92381, 13.946344 ] }, { "date": "2025-08-01", "close": 13.0, "volume": 3807, "typical_volume": 28033.0, "trend": 13.916667, "fair_value": 23.782692, "relative_strength": -15.150386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.18127, "energy": 40.548601, "activity_lines": [ 13.283333, 13.635455, 13.828095, 13.885269 ] }, { "date": "2025-08-08", "close": 13.25, "volume": 13610, "typical_volume": 28191.9, "trend": 13.866667, "fair_value": 23.507372, "relative_strength": -15.139696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.483712, "energy": 39.172713, "activity_lines": [ 13.233333, 13.517273, 13.761429, 13.842258 ] }, { "date": "2025-08-15", "close": 13.85, "volume": 34668, "typical_volume": 29785.55, "trend": 13.868333, "fair_value": 23.234616, "relative_strength": -11.971926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.476258, "energy": 26.988626, "activity_lines": [ 13.42, 13.530909, 13.754048, 13.841183 ] }, { "date": "2025-08-22", "close": 13.35, "volume": 83969, "typical_volume": 33460.4, "trend": 13.876667, "fair_value": 22.959295, "relative_strength": -16.055307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.058889, "energy": 22.202398, "activity_lines": [ 13.413333, 13.451818, 13.705952, 13.807742 ] }, { "date": "2025-08-29", "close": 13.2, "volume": 14825, "typical_volume": 23311.2, "trend": 13.87, "fair_value": 22.688782, "relative_strength": -14.402092, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.28399, "energy": 21.038487, "activity_lines": [ 13.363333, 13.380909, 13.647381, 13.764086 ] }, { "date": "2025-09-05", "close": 13.35, "volume": 6450, "typical_volume": 22783.75, "trend": 13.851667, "fair_value": 22.421795, "relative_strength": -12.904311, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.213958, "energy": 15.794235, "activity_lines": [ 13.37, 13.36, 13.602143, 13.730538 ] }, { "date": "2025-09-12", "close": 14.55, "volume": 245788, "typical_volume": 33842.0, "trend": 13.895, "fair_value": 22.161218, "relative_strength": -4.890649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.705664, "energy": 8.364601, "activity_lines": [ 13.753333, 13.569091, 13.680714, 13.775591 ] }, { "date": "2025-09-19", "close": 13.5, "volume": 10686, "typical_volume": 33892.3, "trend": 13.895, "fair_value": 21.902244, "relative_strength": -11.64179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.82509, "energy": 13.141186, "activity_lines": [ 13.7, 13.573636, 13.655, 13.750108 ] }, { "date": "2025-09-26", "close": 13.4, "volume": 11061, "typical_volume": 34010.9, "trend": 13.831667, "fair_value": 21.647757, "relative_strength": -11.514093, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -34.62967, "energy": 14.718338, "activity_lines": [ 13.636667, 13.559091, 13.61619, 13.718172 ] }, { "date": "2025-10-03", "close": 13.8, "volume": 14281, "typical_volume": 33324.35, "trend": 13.845, "fair_value": 21.379808, "relative_strength": -10.753191, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -27.188608, "energy": 12.798061, "activity_lines": [ 13.703333, 13.618182, 13.62119, 13.716129 ] }, { "date": "2025-10-10", "close": 14.35, "volume": 4311, "typical_volume": 28705.7, "trend": 13.853333, "fair_value": 21.142949, "relative_strength": -5.727461, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 8.358983, "energy": 6.278141, "activity_lines": [ 13.913333, 13.768182, 13.681905, 13.74871 ] }, { "date": "2025-10-17", "close": 13.15, "volume": 5316, "typical_volume": 28590.7, "trend": 13.835, "fair_value": 20.89391, "relative_strength": -12.630004, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -33.696307, "energy": 12.316778, "activity_lines": [ 13.656667, 13.675455, 13.621905, 13.703333 ] }, { "date": "2025-10-24", "close": 13.3, "volume": 10193, "typical_volume": 28713.15, "trend": 13.768333, "fair_value": 20.636859, "relative_strength": -13.500017, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -34.160156, "energy": 13.232226, "activity_lines": [ 13.543333, 13.611818, 13.582619, 13.668817 ] }, { "date": "2025-10-31", "close": 13.5, "volume": 8631, "typical_volume": 28449.95, "trend": 13.746667, "fair_value": 20.386859, "relative_strength": -10.654096, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -31.275997, "energy": 14.790651, "activity_lines": [ 13.51, 13.594545, 13.564524, 13.651505 ] }, { "date": "2025-11-07", "close": 13.05, "volume": 11634, "typical_volume": 27113.95, "trend": 13.748333, "fair_value": 20.228205, "relative_strength": -11.967547, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -47.113298, "energy": 25.319952, "activity_lines": [ 13.32, 13.492727, 13.512143, 13.606559 ] }, { "date": "2025-11-14", "close": 13.4, "volume": 24017, "typical_volume": 27906.9, "trend": 13.683333, "fair_value": 20.080769, "relative_strength": -9.909977, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -43.652636, "energy": 26.048231, "activity_lines": [ 13.296667, 13.457273, 13.499762, 13.584086 ] }, { "date": "2025-11-21", "close": 13.4, "volume": 3314, "typical_volume": 27143.7, "trend": 13.675, "fair_value": 19.953205, "relative_strength": -7.605989, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -44.321013, "energy": 22.228516, "activity_lines": [ 13.336667, 13.420909, 13.490238, 13.565806 ] }, { "date": "2025-11-28", "close": 12.85, "volume": 6294, "typical_volume": 27332.85, "trend": 13.678333, "fair_value": 19.819231, "relative_strength": -13.758728, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -49.980291, "energy": 27.200514, "activity_lines": [ 13.176667, 13.305455, 13.430238, 13.512581 ] }, { "date": "2025-12-05", "close": 12.7, "volume": 20776, "typical_volume": 27941.0, "trend": 13.615, "fair_value": 19.688462, "relative_strength": -15.599589, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -50.540432, "energy": 27.29866, "activity_lines": [ 12.996667, 13.174545, 13.35881, 13.449462 ] }, { "date": "2025-12-12", "close": 13.05, "volume": 18666, "typical_volume": 27614.85, "trend": 13.566667, "fair_value": 19.555449, "relative_strength": -12.820928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.924171, "energy": 27.524225, "activity_lines": [ 12.986667, 13.12, 13.324286, 13.413011 ] }, { "date": "2025-12-19", "close": 12.55, "volume": 6948, "typical_volume": 27771.9, "trend": 13.551667, "fair_value": 19.408974, "relative_strength": -16.383079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.837224, "energy": 36.432929, "activity_lines": [ 12.81, 12.988182, 13.243333, 13.347419 ] }, { "date": "2025-12-26", "close": 12.35, "volume": 551, "typical_volume": 27118.95, "trend": 13.48, "fair_value": 19.26891, "relative_strength": -17.470232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.673884, "energy": 39.908778, "activity_lines": [ 12.623333, 12.852727, 13.145476, 13.269892 ] }, { "date": "2026-01-02", "close": 12.15, "volume": 3400, "typical_volume": 25555.55, "trend": 13.426667, "fair_value": 19.122436, "relative_strength": -19.322092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.702923, "energy": 43.016142, "activity_lines": [ 12.44, 12.695455, 13.032857, 13.184086 ] }, { "date": "2026-01-09", "close": 11.4, "volume": 7171, "typical_volume": 21715.65, "trend": 13.296667, "fair_value": 18.973077, "relative_strength": -26.132497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.695867, "energy": 55.463812, "activity_lines": [ 12.053333, 12.422727, 12.856905, 13.053333 ] }, { "date": "2026-01-16", "close": 12.7, "volume": 18284, "typical_volume": 21888.6, "trend": 13.238333, "fair_value": 18.833333, "relative_strength": -19.127448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.843404, "energy": 41.901802, "activity_lines": [ 12.186667, 12.424545, 12.814048, 13.014839 ] }, { "date": "2026-01-23", "close": 12.9, "volume": 19695, "typical_volume": 22550.85, "trend": 13.201667, "fair_value": 18.694872, "relative_strength": -16.96632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.222493, "energy": 26.439796, "activity_lines": [ 12.41, 12.469091, 12.792619, 12.993011 ] }, { "date": "2026-01-30", "close": 13.1, "volume": 26214, "typical_volume": 11572.15, "trend": 13.178333, "fair_value": 18.54391, "relative_strength": -15.82302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.616666, "energy": 14.77584, "activity_lines": [ 12.676667, 12.559091, 12.792381, 12.986452 ] }, { "date": "2026-02-06", "close": 11.35, "volume": 11946, "typical_volume": 11635.15, "trend": 13.108333, "fair_value": 18.373718, "relative_strength": -28.828793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.906534, "energy": 23.408545, "activity_lines": [ 12.31, 12.336364, 12.632381, 12.868495 ] }, { "date": "2026-02-13", "close": 11.15, "volume": 14187, "typical_volume": 11791.45, "trend": 13.031667, "fair_value": 18.208974, "relative_strength": -29.722949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.718672, "energy": 29.696403, "activity_lines": [ 11.93, 12.104545, 12.463571, 12.742151 ] }, { "date": "2026-02-20", "close": 13.4, "volume": 28800, "typical_volume": 12517.4, "trend": 13.035, "fair_value": 18.057692, "relative_strength": -16.92021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.719546, "energy": 13.242981, "activity_lines": [ 12.316667, 12.31, 12.519762, 12.765914 ] }, { "date": "2026-02-27", "close": 12.85, "volume": 17738, "typical_volume": 13188.75, "trend": 13.03, "fair_value": 17.884295, "relative_strength": -20.887248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.915542, "energy": 14.68696, "activity_lines": [ 12.473333, 12.409091, 12.525476, 12.753978 ] }, { "date": "2026-03-06", "close": 14.0, "volume": 13181, "typical_volume": 13582.0, "trend": 13.055, "fair_value": 17.738782, "relative_strength": -8.47642, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.668753, "energy": 5.894619, "activity_lines": [ 13.016667, 12.711818, 12.647857, 12.816559 ] }, { "date": "2026-03-13", "close": 13.6, "volume": 5481, "typical_volume": 13346.4, "trend": 13.046667, "fair_value": 17.592628, "relative_strength": -10.249751, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.088565, "energy": 16.786237, "activity_lines": [ 13.366667, 12.911818, 12.728095, 12.85172 ] }, { "date": "2026-03-20", "close": 13.25, "volume": 21309, "typical_volume": 13980.3, "trend": 13.043333, "fair_value": 17.471474, "relative_strength": -7.650949, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 11.68916, "energy": 20.105413, "activity_lines": [ 13.45, 13.021818, 12.773571, 12.864839 ] }, { "date": "2026-03-27", "close": 13.25, "volume": 11816, "typical_volume": 13989.4, "trend": 13.045, "fair_value": 17.361218, "relative_strength": -7.130189, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.487669, "energy": 19.100667, "activity_lines": [ 13.393333, 13.098182, 12.820238, 12.878172 ] }, { "date": "2026-04-03", "close": 14.5, "volume": 7432, "typical_volume": 13160.15, "trend": 13.083333, "fair_value": 17.19968, "relative_strength": -1.362491, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.636173, "energy": 30.130315, "activity_lines": [ 13.763333, 13.391818, 12.985, 12.972043 ] }, { "date": "2026-04-10", "close": 12.9, "volume": 13101, "typical_volume": 13649.5, "trend": 13.028333, "fair_value": 17.022756, "relative_strength": -15.80639, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.593202, "energy": 11.674101, "activity_lines": [ 13.49, 13.365455, 12.992143, 12.960215 ] }, { "date": "2026-04-17", "close": 13.5, "volume": 5109, "typical_volume": 13590.25, "trend": 13.028333, "fair_value": 16.863141, "relative_strength": -13.119211, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.252633, "energy": 11.498903, "activity_lines": [ 13.49, 13.451818, 13.05881, 12.990645 ] }, { "date": "2026-04-24", "close": 13.4, "volume": 10699, "typical_volume": 13086.4, "trend": 13.028333, "fair_value": 16.72468, "relative_strength": -11.05236, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.647198, "energy": 7.816508, "activity_lines": [ 13.463333, 13.480909, 13.112857, 13.014624 ] }, { "date": "2026-05-01", "close": 13.6, "volume": 20447, "typical_volume": 13175.45, "trend": 13.021667, "fair_value": 16.573397, "relative_strength": -8.260997, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.717957, "energy": 14.766658, "activity_lines": [ 13.493333, 13.505455, 13.182619, 13.051505 ] }, { "date": "2026-05-08", "close": 12.9, "volume": 14771, "typical_volume": 13566.6, "trend": 12.973333, "fair_value": 16.43109, "relative_strength": -12.745212, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.740107, "energy": 12.043641, "activity_lines": [ 13.266667, 13.399091, 13.183095, 13.043656 ] }, { "date": "2026-05-15", "close": 13.0, "volume": 17189, "typical_volume": 14398.5, "trend": 12.968333, "fair_value": 16.296474, "relative_strength": -10.482509, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.786919, "energy": 11.345473, "activity_lines": [ 13.18, 13.31, 13.191429, 13.045376 ] }, { "date": "2026-05-22", "close": 13.3, "volume": 22140, "typical_volume": 15335.5, "trend": 12.968333, "fair_value": 16.19391, "relative_strength": -11.247394, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.813037, "energy": 12.750626, "activity_lines": [ 13.186667, 13.293636, 13.225238, 13.066774 ] }, { "date": "2026-05-29", "close": 13.9, "volume": 95044, "typical_volume": 19729.15, "trend": 12.981667, "fair_value": 16.10609, "relative_strength": -6.484936, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.995655, "energy": 18.057506, "activity_lines": [ 13.406667, 13.391818, 13.310714, 13.126882 ] }, { "date": "2026-06-05", "close": 14.0, "volume": 71, "typical_volume": 18818.5, "trend": 13.013333, "fair_value": 16.018269, "relative_strength": -4.785228, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.39298, "energy": 29.696604, "activity_lines": [ 13.626667, 13.496364, 13.39381, 13.192581 ] }, { "date": "2026-06-12", "close": 14.5, "volume": 88, "typical_volume": 17838.15, "trend": 13.05, "fair_value": 15.941346, "relative_strength": -0.662034, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.1052, "energy": 44.773154, "activity_lines": [ 13.986667, 13.678182, 13.518333, 13.288495 ] }, { "date": "2026-06-19", "close": 13.1, "volume": 1366, "typical_volume": 16595.75, "trend": 13.04, "fair_value": 15.846474, "relative_strength": -11.442565, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.353301, "energy": 31.969701, "activity_lines": [ 13.773333, 13.605455, 13.501905, 13.29172 ] }, { "date": "2026-06-26", "close": 13.5, "volume": 0, "typical_volume": 15998.45, "trend": 13.061667, "fair_value": 15.77468, "relative_strength": -7.513568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.108175, "energy": 26.226454, "activity_lines": [ 13.686667, 13.601818, 13.523571, 13.321398 ] }, { "date": "2026-07-03", "close": 13.0, "volume": 31, "typical_volume": 15290.65, "trend": 13.071667, "fair_value": 15.700321, "relative_strength": -12.964638, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.478181, "energy": 9.614982, "activity_lines": [ 13.42, 13.507273, 13.487381, 13.317419 ] }, { "date": "2026-07-10", "close": 12.6, "volume": 13500, "typical_volume": 14525.65, "trend": 13.056667, "fair_value": 15.620833, "relative_strength": -13.326138, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 2.222911, "energy": 10.790048, "activity_lines": [ 13.08, 13.347273, 13.404286, 13.286989 ] }, { "date": "2026-07-17", "close": 12.6, "volume": 5968, "typical_volume": 13937.15, "trend": 13.058333, "fair_value": 15.546474, "relative_strength": -12.004184, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.825731, "energy": 21.826869, "activity_lines": [ 12.833333, 13.205455, 13.325, 13.257527 ] }, { "date": "2026-07-24", "close": 12.6, "volume": 6530, "typical_volume": 13604.6, "trend": 13.066667, "fair_value": 15.466987, "relative_strength": -13.024736, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.230864, "energy": 29.22932, "activity_lines": [ 12.713333, 13.069091, 13.246905, 13.227957 ] }, { "date": "2026-07-31", "close": 13.0, "volume": 9419, "typical_volume": 13801.5, "trend": 13.095, "fair_value": 15.382372, "relative_strength": -11.145432, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.532861, "energy": 30.382207, "activity_lines": [ 12.76, 13.012727, 13.213571, 13.223656 ] }, { "date": "2026-08-07", "close": 17.0, "volume": 15319, "typical_volume": 13502.0, "trend": 13.281667, "fair_value": 15.3375, "relative_strength": 13.87913, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.504666, "energy": 47.98922, "activity_lines": [ 14.173333, 13.689091, 13.564048, 13.475591 ] } ], "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." } } }