{ "ticker": { "uuid": "be044623-e0a8-4185-be5b-82f9cc5c4c91", "symbol": "JUN3", "name": "Jungheinrich Aktiengesellschaft", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -30.995, "architecture_energy": 19.966, "architecture_maturity": 84.689, "architecture_confidence": 56.568, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 52.37, "rotation_up": 29.38, "upward_expansion": 19.2, "deceleration": 46.25, "rotation_down": 19.75, "downward_expansion": 53.2 }, "activity_lines": [ 24.870667, 24.457818, 24.556075, 25.621688 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 25.58, "trend_reference": 27.890121, "distance_from_trend": -0.082829, "trend_direction": "Weakening", "fair_value": 29.358972, "distance_from_fair_value": -0.128716, "fair_value_direction": "Improving", "relative_strength": -19.904535, "relative_strength_direction": "Improving", "price_momentum": -0.288918, "excess_performance": -0.353557, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.082829, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.101863, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.128716, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.013888, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.199045, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.019097, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.288918, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.788135, "read": "Demand-led" } ], "volume": { "latest": 497700, "relative_activity": 0.600734, "balance": 1.788135, "dry_up": 0.850253, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.059089, "annualized_volatility": 0.479907, "from_high_reference": -0.321714, "from_low_reference": 0.141964 }, "levels": { "trend_reference": 27.890121, "fair_value_reference": 29.358972, "structural_low": 22.4, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": 0.005211, "positive_rate": 0.538462, "directional_follow_through": 0.461538, "median_excess_return": 0.008684, "regime_survival": 0.807692, "best_return": 0.182633, "worst_return": -0.2567, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.041333, "positive_rate": 0.636364, "directional_follow_through": 0.363636, "median_excess_return": -0.022208, "regime_survival": 0.636364, "best_return": 0.433071, "worst_return": -0.365405, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.002993, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.053776, "regime_survival": 0.333333, "best_return": 0.375661, "worst_return": -0.262434, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.01464, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.181519, "regime_survival": 0.333333, "best_return": 0.082685, "worst_return": -0.064053, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-05", "end": "2024-08-09", "tenure": "Developing", "return": -0.104563, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-16", "end": "2025-02-14", "tenure": "Extended", "return": -0.049929, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": 0.076527, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.169845, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.159333, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-07-25", "tenure": "Developing", "return": -0.014225, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": -0.024044, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": 0.00998, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2025-12-05", "tenure": "Developing", "return": 0.177763, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-12", "end": "2026-01-23", "tenure": "Developing", "return": 0.092158, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-02-27", "tenure": "Developing", "return": -0.117582, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.048121, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.093842, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.067797, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 26.83893, "volume": 423252, "typical_volume": 432971.8, "trend": 30.54171, "fair_value": 30.850641, "relative_strength": -7.207559, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.667747, "energy": 31.791181, "activity_lines": [ 29.299007, 30.25101, 30.225431, 30.205014 ] }, { "date": "2023-08-25", "close": 27.349607, "volume": 382891, "typical_volume": 421837.05, "trend": 30.330812, "fair_value": 30.870067, "relative_strength": -5.785299, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.201578, "energy": 56.252231, "activity_lines": [ 28.394919, 29.653329, 29.976066, 29.999072 ] }, { "date": "2023-09-01", "close": 29.316662, "volume": 274533, "typical_volume": 402196.45, "trend": 30.183016, "fair_value": 30.903695, "relative_strength": -0.501174, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.617644, "energy": 51.081155, "activity_lines": [ 28.373484, 29.479664, 29.915707, 29.933643 ] }, { "date": "2023-09-08", "close": 28.749239, "volume": 385847, "typical_volume": 387051.8, "trend": 30.066883, "fair_value": 30.926517, "relative_strength": -2.037253, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.833369, "energy": 57.446298, "activity_lines": [ 28.352047, 29.202145, 29.79308, 29.841141 ] }, { "date": "2023-09-15", "close": 27.406349, "volume": 378648, "typical_volume": 359768.9, "trend": 29.901668, "fair_value": 30.937317, "relative_strength": -7.758562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.117283, "energy": 54.690362, "activity_lines": [ 28.101122, 28.734454, 29.538884, 29.669494 ] }, { "date": "2023-09-22", "close": 27.463093, "volume": 309928, "typical_volume": 356185.3, "trend": 29.746364, "fair_value": 30.957243, "relative_strength": -5.724597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.239834, "energy": 39.77819, "activity_lines": [ 27.944767, 28.365116, 29.313958, 29.512166 ] }, { "date": "2023-09-29", "close": 26.83893, "volume": 266610, "typical_volume": 327050.35, "trend": 29.570254, "fair_value": 30.946996, "relative_strength": -6.986575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.242047, "energy": 55.614817, "activity_lines": [ 27.538747, 27.961388, 29.047722, 29.32459 ] }, { "date": "2023-10-06", "close": 26.176941, "volume": 296033, "typical_volume": 327736.1, "trend": 29.395515, "fair_value": 30.921127, "relative_strength": -8.498127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.318048, "energy": 65.546201, "activity_lines": [ 26.946109, 27.508485, 28.730958, 29.105666 ] }, { "date": "2023-10-13", "close": 26.101286, "volume": 394138, "typical_volume": 333091.5, "trend": 29.305222, "fair_value": 30.894886, "relative_strength": -8.629227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.376515, "energy": 67.626306, "activity_lines": [ 26.537568, 27.150495, 28.42329, 28.893135 ] }, { "date": "2023-10-20", "close": 24.890791, "volume": 268438, "typical_volume": 334024.05, "trend": 29.113517, "fair_value": 30.846776, "relative_strength": -10.561442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.496358, "energy": 75.656751, "activity_lines": [ 25.902058, 26.680053, 28.012947, 28.608333 ] }, { "date": "2023-10-27", "close": 24.493595, "volume": 247590, "typical_volume": 335628.55, "trend": 28.938178, "fair_value": 30.826273, "relative_strength": -11.226221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.759085, "energy": 79.243573, "activity_lines": [ 25.301854, 26.203764, 27.585131, 28.310274 ] }, { "date": "2023-11-03", "close": 25.344727, "volume": 423651, "typical_volume": 325030.4, "trend": 28.859673, "fair_value": 30.783804, "relative_strength": -11.108492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.015645, "energy": 67.879553, "activity_lines": [ 25.183327, 25.924869, 27.260081, 28.078438 ] }, { "date": "2023-11-10", "close": 25.874317, "volume": 532497, "typical_volume": 334778.85, "trend": 28.802522, "fair_value": 30.741885, "relative_strength": -9.341965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.049007, "energy": 59.124595, "activity_lines": [ 25.340943, 25.778716, 27.012398, 27.885835 ] }, { "date": "2023-11-17", "close": 26.347166, "volume": 386564, "typical_volume": 340950.2, "trend": 28.74818, "fair_value": 30.703679, "relative_strength": -11.551243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.40406, "energy": 42.896348, "activity_lines": [ 25.676351, 25.781123, 26.82596, 27.727425 ] }, { "date": "2023-11-24", "close": 27.255037, "volume": 266835, "typical_volume": 337184.65, "trend": 28.576072, "fair_value": 30.66788, "relative_strength": -9.05262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.362357, "energy": 25.679168, "activity_lines": [ 26.29799, 25.992272, 26.751565, 27.631093 ] }, { "date": "2023-12-01", "close": 28.370962, "volume": 304605, "typical_volume": 339471.3, "trend": 28.479402, "fair_value": 30.644695, "relative_strength": -7.3233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.020013, "energy": 19.235229, "activity_lines": [ 27.133988, 26.409067, 26.807226, 27.61786 ] }, { "date": "2023-12-08", "close": 28.787069, "volume": 343423, "typical_volume": 346241.85, "trend": 28.456705, "fair_value": 30.612344, "relative_strength": -7.901973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.411595, "energy": 19.797285, "activity_lines": [ 27.850197, 26.885011, 26.918909, 27.63771 ] }, { "date": "2023-12-15", "close": 31.586338, "volume": 605677, "typical_volume": 361474.65, "trend": 28.522904, "fair_value": 30.59623, "relative_strength": 1.002479, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.743136, "energy": 45.629724, "activity_lines": [ 29.270006, 27.834493, 27.306555, 27.839621 ] }, { "date": "2023-12-22", "close": 31.945702, "volume": 465923, "typical_volume": 377387.25, "trend": 28.629453, "fair_value": 30.585606, "relative_strength": 2.261001, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.782662, "energy": 68.521985, "activity_lines": [ 30.428802, 28.750961, 27.731129, 28.060447 ] }, { "date": "2023-12-29", "close": 31.416115, "volume": 94890, "typical_volume": 352598.65, "trend": 28.704478, "fair_value": 30.578756, "relative_strength": 0.180276, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.634682, "energy": 69.587461, "activity_lines": [ 31.037833, 29.464878, 28.105626, 28.240232 ] }, { "date": "2024-01-05", "close": 29.467972, "volume": 325509, "typical_volume": 347711.5, "trend": 28.718348, "fair_value": 30.538139, "relative_strength": -5.083878, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.423592, "energy": 62.702657, "activity_lines": [ 30.720078, 29.705945, 28.280895, 28.289489 ] }, { "date": "2024-01-12", "close": 30.735209, "volume": 395019, "typical_volume": 348317.9, "trend": 28.709522, "fair_value": 30.52442, "relative_strength": -1.574381, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.327415, "energy": 48.296478, "activity_lines": [ 30.751601, 30.086976, 28.564335, 28.419609 ] }, { "date": "2024-01-19", "close": 29.16535, "volume": 353788, "typical_volume": 352280.65, "trend": 28.705739, "fair_value": 30.480839, "relative_strength": -5.465763, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.509376, "energy": 27.202475, "activity_lines": [ 30.129962, 30.084568, 28.682142, 28.449018 ] }, { "date": "2024-01-26", "close": 29.921907, "volume": 296572, "typical_volume": 347816.9, "trend": 28.645845, "fair_value": 30.458266, "relative_strength": -4.886275, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 14.100019, "energy": 15.183327, "activity_lines": [ 29.921908, 30.15988, 28.872723, 28.52748 ] }, { "date": "2024-02-02", "close": 30.054306, "volume": 466074, "typical_volume": 352188.2, "trend": 28.572711, "fair_value": 30.427553, "relative_strength": -3.818373, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.219692, "energy": 24.105432, "activity_lines": [ 29.892907, 30.194269, 29.070329, 28.618349 ] }, { "date": "2024-02-09", "close": 28.692499, "volume": 223083, "typical_volume": 347845.95, "trend": 28.468684, "fair_value": 30.388792, "relative_strength": -7.827493, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.031681, "energy": 20.197269, "activity_lines": [ 29.500757, 29.930161, 29.12563, 28.626077 ] }, { "date": "2024-02-16", "close": 28.692499, "volume": 215001, "typical_volume": 345265.5, "trend": 28.399963, "fair_value": 30.356973, "relative_strength": -8.45923, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.381832, "energy": 18.506673, "activity_lines": [ 29.160305, 29.660207, 29.175076, 28.640517 ] }, { "date": "2024-02-23", "close": 27.595488, "volume": 364903, "typical_volume": 348709.0, "trend": 28.248021, "fair_value": 30.330752, "relative_strength": -13.00276, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.738193, "energy": 14.401664, "activity_lines": [ 28.590363, 29.192516, 29.111219, 28.588615 ] }, { "date": "2024-03-01", "close": 29.543627, "volume": 412009, "typical_volume": 349602.55, "trend": 28.16543, "fair_value": 30.313947, "relative_strength": -8.13492, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.536302, "energy": 16.552115, "activity_lines": [ 28.774459, 29.151593, 29.226144, 28.672202 ] }, { "date": "2024-03-08", "close": 29.449059, "volume": 327052, "typical_volume": 352533.25, "trend": 28.195692, "fair_value": 30.290618, "relative_strength": -8.465126, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.18339, "energy": 13.321455, "activity_lines": [ 28.952251, 29.137149, 29.31567, 28.755017 ] }, { "date": "2024-03-15", "close": 29.486885, "volume": 258303, "typical_volume": 353068.9, "trend": 28.283958, "fair_value": 30.270605, "relative_strength": -8.673236, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.509997, "energy": 13.992036, "activity_lines": [ 29.183001, 29.165348, 29.387092, 28.83832 ] }, { "date": "2024-03-22", "close": 33.061626, "volume": 375498, "typical_volume": 350661.25, "trend": 28.474358, "fair_value": 30.267816, "relative_strength": 1.135223, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.663494, "energy": 59.23826, "activity_lines": [ 30.552373, 29.843156, 29.775189, 29.146557 ] }, { "date": "2024-03-29", "close": 32.418552, "volume": 321610, "typical_volume": 340116.9, "trend": 28.577755, "fair_value": 30.237693, "relative_strength": -2.210756, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.37283, "energy": 67.735579, "activity_lines": [ 31.416111, 30.361743, 30.065293, 29.401021 ] }, { "date": "2024-04-05", "close": 35.615013, "volume": 427115, "typical_volume": 342144.45, "trend": 28.806614, "fair_value": 30.23739, "relative_strength": 9.092709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.180198, "energy": 86.048207, "activity_lines": [ 33.023799, 31.402355, 30.62866, 29.855037 ] }, { "date": "2024-04-12", "close": 36.220261, "volume": 537391, "typical_volume": 355672.25, "trend": 29.100411, "fair_value": 30.235392, "relative_strength": 12.131043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.731571, "energy": 91.617471, "activity_lines": [ 34.428477, 32.449502, 31.205536, 30.333337 ] }, { "date": "2024-04-19", "close": 33.704704, "volume": 350812, "typical_volume": 357982.6, "trend": 29.308464, "fair_value": 30.198151, "relative_strength": 5.322668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.247771, "energy": 80.986118, "activity_lines": [ 34.543222, 32.927166, 31.500144, 30.630388 ] }, { "date": "2024-04-26", "close": 33.591221, "volume": 301783, "typical_volume": 355900.6, "trend": 29.533541, "fair_value": 30.165873, "relative_strength": 2.72349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.028124, "energy": 74.031375, "activity_lines": [ 34.338952, 33.293066, 31.758545, 30.906695 ] }, { "date": "2024-05-03", "close": 33.402081, "volume": 348896, "typical_volume": 343061.55, "trend": 29.774379, "fair_value": 30.138526, "relative_strength": 3.163888, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.459951, "energy": 50.258827, "activity_lines": [ 34.036329, 33.535509, 31.976056, 31.156279 ] }, { "date": "2024-05-10", "close": 33.45882, "volume": 419109, "typical_volume": 340720.85, "trend": 30.01963, "fair_value": 30.111034, "relative_strength": -0.83277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.158742, "energy": 36.900295, "activity_lines": [ 33.68705, 33.682694, 32.190324, 31.393984 ] }, { "date": "2024-05-17", "close": 33.680222, "volume": 308345, "typical_volume": 351393.6, "trend": 30.312611, "fair_value": 30.082431, "relative_strength": 0.208005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.879263, "energy": 29.657676, "activity_lines": [ 33.555319, 33.798949, 32.418473, 31.630152 ] }, { "date": "2024-05-24", "close": 35.303364, "volume": 289696, "typical_volume": 349602.95, "trend": 30.672937, "fair_value": 30.064348, "relative_strength": 4.998353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.841352, "energy": 39.368569, "activity_lines": [ 34.13397, 34.13339, 32.790425, 31.952136 ] }, { "date": "2024-05-31", "close": 34.627052, "volume": 283347, "typical_volume": 344019.35, "trend": 30.982347, "fair_value": 30.032384, "relative_strength": 4.013853, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.682042, "energy": 38.597383, "activity_lines": [ 34.380607, 34.239111, 33.070179, 32.20724 ] }, { "date": "2024-06-07", "close": 33.776836, "volume": 252629, "typical_volume": 338961.4, "trend": 31.245765, "fair_value": 30.001065, "relative_strength": 1.136983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.68672, "energy": 35.648873, "activity_lines": [ 34.274783, 34.161785, 33.250427, 32.38753 ] }, { "date": "2024-06-14", "close": 30.743101, "volume": 446787, "typical_volume": 346472.15, "trend": 31.392296, "fair_value": 29.95076, "relative_strength": -4.91719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.056443, "energy": 12.937364, "activity_lines": [ 33.13273, 33.508174, 33.119789, 32.3551 ] }, { "date": "2024-06-21", "close": 30.607841, "volume": 522756, "typical_volume": 349306.25, "trend": 31.504056, "fair_value": 29.900737, "relative_strength": -6.011728, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.504214, "energy": 12.18315, "activity_lines": [ 32.126639, 32.918552, 32.972359, 32.30449 ] }, { "date": "2024-06-28", "close": 29.718977, "volume": 276292, "typical_volume": 351966.7, "trend": 31.54899, "fair_value": 29.848581, "relative_strength": -8.773823, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.470544, "energy": 31.700755, "activity_lines": [ 31.029085, 32.269361, 32.737639, 32.189323 ] }, { "date": "2024-07-05", "close": 30.491903, "volume": 198756, "typical_volume": 351154.45, "trend": 31.605818, "fair_value": 29.795745, "relative_strength": -7.201187, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.859797, "energy": 37.369104, "activity_lines": [ 30.561466, 31.83317, 32.571643, 32.121124 ] }, { "date": "2024-07-12", "close": 30.607841, "volume": 289126, "typical_volume": 347365.6, "trend": 31.573201, "fair_value": 29.740202, "relative_strength": -7.86191, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.226751, "energy": 47.170525, "activity_lines": [ 30.408169, 31.474411, 32.40812, 32.056738 ] }, { "date": "2024-07-19", "close": 29.545071, "volume": 194708, "typical_volume": 336500.55, "trend": 31.49318, "fair_value": 29.674396, "relative_strength": -7.965899, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.520441, "energy": 53.654667, "activity_lines": [ 30.111882, 30.973224, 32.129036, 31.925891 ] }, { "date": "2024-07-26", "close": 28.733496, "volume": 244870, "typical_volume": 332391.45, "trend": 31.403759, "fair_value": 29.591772, "relative_strength": -11.309026, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.257445, "energy": 48.548219, "activity_lines": [ 29.624938, 30.395638, 31.772653, 31.747847 ] }, { "date": "2024-08-02", "close": 25.931644, "volume": 416329, "typical_volume": 340292.75, "trend": 31.285882, "fair_value": 29.491993, "relative_strength": -16.034804, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.4438, "energy": 67.376731, "activity_lines": [ 28.329, 29.398565, 31.152834, 31.394808 ] }, { "date": "2024-08-09", "close": 27.303585, "volume": 358866, "typical_volume": 339461.15, "trend": 31.171494, "fair_value": 29.409634, "relative_strength": -11.645396, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.680225, "energy": 75.067269, "activity_lines": [ 27.742865, 28.82133, 30.680606, 31.137885 ] }, { "date": "2024-08-16", "close": 27.091032, "volume": 200819, "typical_volume": 333421.6, "trend": 31.10235, "fair_value": 29.328902, "relative_strength": -14.972239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.739437, "energy": 76.186208, "activity_lines": [ 27.298433, 28.338603, 30.215553, 30.87463 ] }, { "date": "2024-08-23", "close": 27.380878, "volume": 194710, "typical_volume": 321801.35, "trend": 31.017649, "fair_value": 29.234732, "relative_strength": -15.232893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.444509, "energy": 75.344303, "activity_lines": [ 27.18507, 28.030136, 29.803475, 30.634535 ] }, { "date": "2024-08-30", "close": 27.438847, "volume": 190301, "typical_volume": 304446.85, "trend": 30.930468, "fair_value": 29.145649, "relative_strength": -15.911007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.231093, "energy": 59.629421, "activity_lines": [ 27.23531, 27.793339, 29.436127, 30.403644 ] }, { "date": "2024-09-06", "close": 25.390596, "volume": 191384, "typical_volume": 296475.45, "trend": 30.820404, "fair_value": 29.046312, "relative_strength": -19.2205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.603914, "energy": 63.708001, "activity_lines": [ 26.68911, 27.241752, 28.915524, 30.046233 ] }, { "date": "2024-09-13", "close": 25.255333, "volume": 313840, "typical_volume": 297078.3, "trend": 30.705832, "fair_value": 28.960138, "relative_strength": -21.028323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.841592, "energy": 74.510848, "activity_lines": [ 26.133892, 26.744269, 28.42163, 29.687196 ] }, { "date": "2024-09-20", "close": 24.868872, "volume": 488282, "typical_volume": 304047.6, "trend": 30.614945, "fair_value": 28.875512, "relative_strength": -21.938945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.770458, "energy": 78.423898, "activity_lines": [ 25.586403, 26.27173, 27.930625, 29.310618 ] }, { "date": "2024-09-27", "close": 26.047581, "volume": 770003, "typical_volume": 321592.3, "trend": 30.49841, "fair_value": 28.813278, "relative_strength": -21.040299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.879761, "energy": 71.541449, "activity_lines": [ 25.579962, 26.117848, 27.592512, 29.015949 ] }, { "date": "2024-10-04", "close": 25.970287, "volume": 241755, "typical_volume": 318262.8, "trend": 30.382451, "fair_value": 28.752503, "relative_strength": -19.492896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.402702, "energy": 57.918824, "activity_lines": [ 25.636642, 26.013503, 27.28233, 28.723813 ] }, { "date": "2024-10-11", "close": 24.888195, "volume": 276886, "typical_volume": 317622.3, "trend": 30.229161, "fair_value": 28.681802, "relative_strength": -23.475843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.103249, "energy": 55.13304, "activity_lines": [ 25.43053, 25.762653, 26.905805, 28.369344 ] }, { "date": "2024-10-18", "close": 24.772255, "volume": 325275, "typical_volume": 319718.7, "trend": 29.952849, "fair_value": 28.607022, "relative_strength": -24.566496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.951935, "energy": 52.142932, "activity_lines": [ 25.219263, 25.509696, 26.567834, 28.017286 ] }, { "date": "2024-10-25", "close": 24.405117, "volume": 453691, "typical_volume": 329771.8, "trend": 29.685734, "fair_value": 28.511488, "relative_strength": -24.585374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.19266, "energy": 55.278276, "activity_lines": [ 24.917823, 25.23601, 26.241825, 27.659368 ] }, { "date": "2024-11-01", "close": 23.94136, "volume": 561744, "typical_volume": 335519.65, "trend": 29.296612, "fair_value": 28.40332, "relative_strength": -24.847269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.924538, "energy": 64.742608, "activity_lines": [ 24.492714, 24.92684, 25.916277, 27.288763 ] }, { "date": "2024-11-08", "close": 24.308498, "volume": 400954, "typical_volume": 329429.55, "trend": 28.899554, "fair_value": 28.296241, "relative_strength": -23.150887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.491278, "energy": 69.453971, "activity_lines": [ 24.330399, 24.746959, 25.658083, 26.966949 ] }, { "date": "2024-11-15", "close": 24.037975, "volume": 484651, "typical_volume": 339847.5, "trend": 28.577329, "fair_value": 28.182483, "relative_strength": -23.627386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.205079, "energy": 55.328857, "activity_lines": [ 24.188696, 24.574807, 25.404121, 26.653299 ] }, { "date": "2024-11-22", "close": 23.091143, "volume": 488384, "typical_volume": 354328.9, "trend": 28.227327, "fair_value": 28.091291, "relative_strength": -26.624866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.167435, "energy": 58.188214, "activity_lines": [ 23.788063, 24.255097, 25.087038, 26.299351 ] }, { "date": "2024-11-29", "close": 24.115269, "volume": 458106, "typical_volume": 362777.9, "trend": 27.917766, "fair_value": 27.999075, "relative_strength": -24.10757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.610242, "energy": 48.938106, "activity_lines": [ 23.84088, 24.160941, 24.902732, 26.034057 ] }, { "date": "2024-12-06", "close": 24.907516, "volume": 497104, "typical_volume": 377897.7, "trend": 27.632723, "fair_value": 27.905036, "relative_strength": -24.0826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.650859, "energy": 42.050606, "activity_lines": [ 24.177102, 24.224532, 24.824795, 25.839848 ] }, { "date": "2024-12-13", "close": 25.35195, "volume": 391856, "typical_volume": 385247.0, "trend": 27.355114, "fair_value": 27.820401, "relative_strength": -22.210843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.20428, "energy": 29.013226, "activity_lines": [ 24.597059, 24.389657, 24.811269, 25.692701 ] }, { "date": "2024-12-20", "close": 24.037975, "volume": 550516, "typical_volume": 391956.35, "trend": 26.979601, "fair_value": 27.718489, "relative_strength": -23.662965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.643072, "energy": 23.975525, "activity_lines": [ 24.50946, 24.32712, 24.688705, 25.478692 ] }, { "date": "2024-12-27", "close": 24.598347, "volume": 167865, "typical_volume": 382406.3, "trend": 26.645311, "fair_value": 27.618098, "relative_strength": -21.659442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.187974, "energy": 17.928097, "activity_lines": [ 24.608652, 24.381928, 24.628528, 25.325063 ] }, { "date": "2025-01-03", "close": 24.057299, "volume": 188492, "typical_volume": 381789.95, "trend": 26.321326, "fair_value": 27.517574, "relative_strength": -22.543644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.250436, "energy": 22.507742, "activity_lines": [ 24.427015, 24.341525, 24.529704, 25.158094 ] }, { "date": "2025-01-10", "close": 23.670837, "volume": 545373, "typical_volume": 399323.1, "trend": 26.085584, "fair_value": 27.428488, "relative_strength": -24.327866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.400647, "energy": 33.901662, "activity_lines": [ 24.120421, 24.23718, 24.40852, 24.987095 ] }, { "date": "2025-01-17", "close": 23.88339, "volume": 502069, "typical_volume": 414911.5, "trend": 25.861436, "fair_value": 27.356866, "relative_strength": -25.591004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.645827, "energy": 32.050712, "activity_lines": [ 23.967124, 24.1764, 24.325246, 24.845018 ] }, { "date": "2025-01-24", "close": 23.651514, "volume": 815340, "typical_volume": 446109.3, "trend": 25.659187, "fair_value": 27.295718, "relative_strength": -27.407527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.139636, "energy": 34.64605, "activity_lines": [ 23.834439, 24.08119, 24.23682, 24.702442 ] }, { "date": "2025-01-31", "close": 24.115269, "volume": 609640, "typical_volume": 460899.3, "trend": 25.446632, "fair_value": 27.235243, "relative_strength": -26.513552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.241982, "energy": 30.164822, "activity_lines": [ 23.882103, 24.077325, 24.200842, 24.602835 ] }, { "date": "2025-02-07", "close": 23.477604, "volume": 1237979, "typical_volume": 498384.15, "trend": 25.208958, "fair_value": 27.17459, "relative_strength": -28.07147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.607834, "energy": 30.932776, "activity_lines": [ 23.749417, 23.938901, 24.109563, 24.475801 ] }, { "date": "2025-02-14", "close": 25.738411, "volume": 949883, "typical_volume": 507378.15, "trend": 25.082069, "fair_value": 27.137975, "relative_strength": -23.163695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.295615, "energy": 7.013267, "activity_lines": [ 24.40898, 24.223127, 24.240225, 24.509959 ] }, { "date": "2025-02-21", "close": 26.260138, "volume": 1174493, "typical_volume": 554015.05, "trend": 24.999624, "fair_value": 27.113215, "relative_strength": -20.394089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.160695, "energy": 20.804686, "activity_lines": [ 25.104613, 24.587104, 24.422046, 24.585963 ] }, { "date": "2025-02-28", "close": 28.269743, "volume": 1614568, "typical_volume": 620899.15, "trend": 25.077561, "fair_value": 27.124453, "relative_strength": -14.848719, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.2448, "energy": 54.487167, "activity_lines": [ 26.311665, 25.299953, 24.793879, 24.796939 ] }, { "date": "2025-03-07", "close": 32.424217, "volume": 1968875, "typical_volume": 703079.15, "trend": 25.248248, "fair_value": 27.159677, "relative_strength": -3.971056, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.207707, "energy": 89.616382, "activity_lines": [ 28.59566, 26.691218, 25.545273, 25.270917 ] }, { "date": "2025-03-14", "close": 33.931419, "volume": 1351717, "typical_volume": 747980.45, "trend": 25.476261, "fair_value": 27.186277, "relative_strength": 0.811145, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.394545, "energy": 96.082194, "activity_lines": [ 30.828125, 28.214232, 26.403772, 25.831121 ] }, { "date": "2025-03-21", "close": 32.598125, "volume": 1775345, "typical_volume": 808660.5, "trend": 25.650169, "fair_value": 27.251713, "relative_strength": -2.244353, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.593572, "energy": 91.13902, "activity_lines": [ 31.919238, 29.3153, 27.089927, 26.290596 ] }, { "date": "2025-03-28", "close": 31.110243, "volume": 995176, "typical_volume": 838371.6, "trend": 25.772549, "fair_value": 27.307035, "relative_strength": -4.455369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.726697, "energy": 87.328343, "activity_lines": [ 32.057077, 29.983529, 27.593157, 26.642859 ] }, { "date": "2025-04-04", "close": 25.622473, "volume": 1356849, "typical_volume": 881981.5, "trend": 25.780279, "fair_value": 27.33546, "relative_strength": -13.54798, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.447792, "energy": 45.343612, "activity_lines": [ 30.042318, 29.522584, 27.541352, 26.633177 ] }, { "date": "2025-04-11", "close": 26.917124, "volume": 1705803, "typical_volume": 942852.45, "trend": 25.835672, "fair_value": 27.374254, "relative_strength": -7.117311, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.522355, "energy": 23.230963, "activity_lines": [ 28.635594, 29.261195, 27.605303, 26.706522 ] }, { "date": "2025-04-18", "close": 28.984697, "volume": 790715, "typical_volume": 959482.9, "trend": 25.972866, "fair_value": 27.415377, "relative_strength": -3.20773, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.030366, "energy": 23.233107, "activity_lines": [ 28.285201, 29.324785, 27.847946, 26.909685 ] }, { "date": "2025-04-25", "close": 30.41461, "volume": 536628, "typical_volume": 961459.1, "trend": 26.118433, "fair_value": 27.475326, "relative_strength": -2.525981, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.034873, "energy": 25.846213, "activity_lines": [ 28.741227, 29.548231, 28.203584, 27.196249 ] }, { "date": "2025-05-02", "close": 31.322796, "volume": 442000, "typical_volume": 963966.3, "trend": 26.29685, "fair_value": 27.544661, "relative_strength": -2.620317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.797989, "energy": 27.594774, "activity_lines": [ 29.645549, 29.85178, 28.619491, 27.532014 ] }, { "date": "2025-05-09", "close": 33.602924, "volume": 1136538, "typical_volume": 993267.4, "trend": 26.587341, "fair_value": 27.625084, "relative_strength": 3.135411, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.477024, "energy": 51.810102, "activity_lines": [ 31.295743, 30.477849, 29.224121, 28.003374 ] }, { "date": "2025-05-16", "close": 33.54496, "volume": 671301, "typical_volume": 1018439.2, "trend": 26.879765, "fair_value": 27.703236, "relative_strength": 2.348699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.342491, "energy": 66.207956, "activity_lines": [ 32.394587, 30.996412, 29.777683, 28.452252 ] }, { "date": "2025-05-23", "close": 34.135128, "volume": 638970, "typical_volume": 1040963.1, "trend": 27.204098, "fair_value": 27.778293, "relative_strength": 5.40955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.897965, "energy": 70.770757, "activity_lines": [ 33.248297, 31.601901, 30.344848, 28.92034 ] }, { "date": "2025-05-30", "close": 34.985046, "volume": 392792, "typical_volume": 1033334.05, "trend": 27.572221, "fair_value": 27.852629, "relative_strength": 6.999575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.634421, "energy": 74.771887, "activity_lines": [ 34.041951, 32.358217, 30.944969, 29.422337 ] }, { "date": "2025-06-06", "close": 38.048706, "volume": 877394, "typical_volume": 1052100.3, "trend": 28.030228, "fair_value": 27.951468, "relative_strength": 15.314213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.483627, "energy": 83.685289, "activity_lines": [ 35.552129, 33.628164, 31.782989, 30.098239 ] }, { "date": "2025-06-13", "close": 37.49527, "volume": 594915, "typical_volume": 1041079.05, "trend": 28.478805, "fair_value": 28.05518, "relative_strength": 17.634684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.639756, "energy": 82.71986, "activity_lines": [ 36.429435, 34.671331, 32.500847, 30.708887 ] }, { "date": "2025-06-20", "close": 36.625587, "volume": 642420, "typical_volume": 1042718.05, "trend": 28.929953, "fair_value": 28.158655, "relative_strength": 15.913292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.180906, "energy": 79.171718, "activity_lines": [ 36.757357, 35.340506, 33.069956, 31.234486 ] }, { "date": "2025-06-27", "close": 39.491592, "volume": 783902, "typical_volume": 1020014.2, "trend": 29.442497, "fair_value": 28.286551, "relative_strength": 21.410235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.635439, "energy": 85.780268, "activity_lines": [ 37.835238, 36.354255, 33.852445, 31.915882 ] }, { "date": "2025-07-04", "close": 38.898624, "volume": 449759, "typical_volume": 995008.0, "trend": 29.908867, "fair_value": 28.395345, "relative_strength": 20.84883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.160714, "energy": 84.790065, "activity_lines": [ 38.358366, 37.069157, 34.502203, 32.525955 ] }, { "date": "2025-07-11", "close": 41.290257, "volume": 742274, "typical_volume": 973397.05, "trend": 30.440144, "fair_value": 28.519708, "relative_strength": 25.680121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.564259, "energy": 90.890231, "activity_lines": [ 39.4178, 38.064647, 35.317069, 33.260238 ] }, { "date": "2025-07-18", "close": 33.344505, "volume": 1984505, "typical_volume": 991893.9, "trend": 30.750362, "fair_value": 28.580325, "relative_strength": 1.717251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.597171, "energy": 50.489931, "activity_lines": [ 37.612546, 37.434228, 35.303624, 33.447616 ] }, { "date": "2025-07-25", "close": 33.067783, "volume": 968929, "typical_volume": 941896.6, "trend": 31.032676, "fair_value": 28.635374, "relative_strength": 1.454467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.878568, "energy": 26.6724, "activity_lines": [ 35.99177, 36.758195, 35.239659, 33.597127 ] }, { "date": "2025-08-01", "close": 32.059738, "volume": 473566, "typical_volume": 897989.05, "trend": 31.299424, "fair_value": 28.686095, "relative_strength": 1.830311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.478305, "energy": 20.789288, "activity_lines": [ 34.272165, 35.907556, 35.076625, 33.663389 ] }, { "date": "2025-08-08", "close": 32.810833, "volume": 703940, "typical_volume": 844418.8, "trend": 31.604091, "fair_value": 28.733447, "relative_strength": 1.302544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.344565, "energy": 28.518529, "activity_lines": [ 33.298382, 35.231215, 34.994037, 33.760899 ] }, { "date": "2025-08-15", "close": 32.514351, "volume": 350842, "typical_volume": 812202.1, "trend": 31.89179, "fair_value": 28.787795, "relative_strength": -0.216545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.818731, "energy": 25.744463, "activity_lines": [ 32.631625, 34.540499, 34.882199, 33.819626 ] }, { "date": "2025-08-22", "close": 31.288885, "volume": 1052524, "typical_volume": 796985.85, "trend": 32.146369, "fair_value": 28.842471, "relative_strength": -3.736015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.167934, "energy": 35.881297, "activity_lines": [ 32.141439, 33.727595, 34.646964, 33.780729 ] }, { "date": "2025-08-29", "close": 29.70764, "volume": 566467, "typical_volume": 740019.05, "trend": 32.332781, "fair_value": 28.891281, "relative_strength": -6.557891, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.304719, "energy": 52.422983, "activity_lines": [ 31.261213, 32.740036, 34.234152, 33.623391 ] }, { "date": "2025-09-05", "close": 30.221544, "volume": 552653, "typical_volume": 728115.95, "trend": 32.557579, "fair_value": 28.950857, "relative_strength": -3.56326, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.120521, "energy": 55.65232, "activity_lines": [ 30.776298, 31.971695, 33.856994, 33.487182 ] }, { "date": "2025-09-12", "close": 30.201778, "volume": 411471, "typical_volume": 721858.1, "trend": 32.706358, "fair_value": 29.02466, "relative_strength": -3.931816, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.56273, "energy": 53.02152, "activity_lines": [ 30.40734, 31.368306, 33.472065, 33.335195 ] }, { "date": "2025-09-19", "close": 29.628576, "volume": 506801, "typical_volume": 725098.15, "trend": 32.818639, "fair_value": 29.088145, "relative_strength": -5.417936, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.98307, "energy": 56.90997, "activity_lines": [ 30.021253, 30.818823, 33.033558, 33.136629 ] }, { "date": "2025-09-26", "close": 28.857721, "volume": 399368, "typical_volume": 688239.65, "trend": 32.838238, "fair_value": 29.14918, "relative_strength": -8.104316, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.670313, "energy": 58.951379, "activity_lines": [ 29.570598, 30.341216, 32.529704, 32.881086 ] }, { "date": "2025-10-03", "close": 30.004124, "volume": 447476, "typical_volume": 677048.4, "trend": 32.757569, "fair_value": 29.218988, "relative_strength": -6.786619, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.503578, "energy": 53.637814, "activity_lines": [ 29.664155, 30.153623, 32.157628, 32.69824 ] }, { "date": "2025-10-10", "close": 28.798424, "volume": 394788, "typical_volume": 664839.3, "trend": 32.586469, "fair_value": 29.27727, "relative_strength": -9.89864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.96996, "energy": 61.689829, "activity_lines": [ 29.336047, 29.802514, 31.687584, 32.442811 ] }, { "date": "2025-10-17", "close": 29.450686, "volume": 496935, "typical_volume": 670046.45, "trend": 32.481554, "fair_value": 29.327043, "relative_strength": -6.237485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.02913, "energy": 72.240937, "activity_lines": [ 29.320234, 29.629296, 31.305073, 32.240502 ] }, { "date": "2025-10-24", "close": 30.399435, "volume": 735805, "typical_volume": 662967.0, "trend": 32.457861, "fair_value": 29.371273, "relative_strength": -4.849874, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.896306, "energy": 52.204574, "activity_lines": [ 29.670744, 29.689671, 31.039274, 32.106172 ] }, { "date": "2025-10-31", "close": 30.616856, "volume": 467480, "typical_volume": 656595.25, "trend": 32.62434, "fair_value": 29.417133, "relative_strength": -3.09185, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.230172, "energy": 43.607074, "activity_lines": [ 30.042337, 29.82803, 30.830606, 31.987398 ] }, { "date": "2025-11-07", "close": 28.679831, "volume": 368817, "typical_volume": 642915.1, "trend": 32.683097, "fair_value": 29.428634, "relative_strength": -7.662278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.151725, "energy": 41.072021, "activity_lines": [ 29.650979, 29.626421, 30.470214, 31.732913 ] }, { "date": "2025-11-14", "close": 31.308651, "volume": 760283, "typical_volume": 641734.15, "trend": 32.760562, "fair_value": 29.465527, "relative_strength": -0.579922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.759327, "energy": 23.555474, "activity_lines": [ 30.22418, 29.921467, 30.398023, 31.644239 ] }, { "date": "2025-11-21", "close": 32.02021, "volume": 614364, "typical_volume": 649964.4, "trend": 32.814082, "fair_value": 29.504252, "relative_strength": 4.841874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.80703, "energy": 18.130002, "activity_lines": [ 30.86722, 30.326122, 30.432565, 31.596474 ] }, { "date": "2025-11-28", "close": 34.19442, "volume": 719736, "typical_volume": 648837.5, "trend": 32.909803, "fair_value": 29.549561, "relative_strength": 8.138288, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 15.416237, "energy": 23.761782, "activity_lines": [ 32.063694, 31.093026, 30.70693, 31.685529 ] }, { "date": "2025-12-05", "close": 33.917706, "volume": 769905, "typical_volume": 588107.5, "trend": 32.920296, "fair_value": 29.599857, "relative_strength": 6.117156, "stage": 2, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.129799, "energy": 34.043198, "activity_lines": [ 32.914932, 31.726602, 30.98873, 31.750555 ] }, { "date": "2025-12-12", "close": 34.530434, "volume": 529539, "typical_volume": 566138.0, "trend": 32.953145, "fair_value": 29.661671, "relative_strength": 7.04014, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.346215, "energy": 58.883803, "activity_lines": [ 33.750355, 32.379584, 31.326157, 31.854434 ] }, { "date": "2025-12-19", "close": 34.589733, "volume": 680672, "typical_volume": 576493.3, "trend": 32.968298, "fair_value": 29.726713, "relative_strength": 6.443697, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.696957, "energy": 63.059679, "activity_lines": [ 34.215505, 32.961051, 31.662265, 31.960021 ] }, { "date": "2025-12-26", "close": 34.609501, "volume": 138996, "typical_volume": 548246.1, "trend": 32.95578, "fair_value": 29.790932, "relative_strength": 5.987455, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.986561, "energy": 61.125127, "activity_lines": [ 34.468505, 33.440815, 31.988209, 32.065905 ] }, { "date": "2026-01-02", "close": 35.63731, "volume": 161956, "typical_volume": 538801.8, "trend": 32.8754, "fair_value": 29.847625, "relative_strength": 7.871888, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.671023, "energy": 66.247458, "activity_lines": [ 34.891488, 34.013657, 32.403474, 32.238907 ] }, { "date": "2026-01-09", "close": 36.467464, "volume": 565907, "typical_volume": 514470.95, "trend": 32.84114, "fair_value": 29.895644, "relative_strength": 6.812547, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.534255, "energy": 67.248086, "activity_lines": [ 35.494998, 34.642203, 32.88293, 32.470653 ] }, { "date": "2026-01-16", "close": 36.566288, "volume": 446556, "typical_volume": 508475.4, "trend": 32.839163, "fair_value": 29.931248, "relative_strength": 6.492746, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.410164, "energy": 69.510265, "activity_lines": [ 35.961464, 35.182341, 33.347139, 32.710985 ] }, { "date": "2026-01-23", "close": 37.712692, "volume": 511973, "typical_volume": 506441.4, "trend": 32.779867, "fair_value": 29.957121, "relative_strength": 10.937037, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.186182, "energy": 83.056102, "activity_lines": [ 36.674342, 35.787527, 33.887868, 33.025406 ] }, { "date": "2026-01-30", "close": 35.973324, "volume": 506248, "typical_volume": 511180.25, "trend": 32.682357, "fair_value": 29.971369, "relative_strength": 6.844828, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.189441, "energy": 67.437254, "activity_lines": [ 36.599233, 35.960026, 34.227271, 33.231436 ] }, { "date": "2026-02-06", "close": 35.973324, "volume": 363380, "typical_volume": 504009.2, "trend": 32.505126, "fair_value": 29.995344, "relative_strength": 5.497162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.573935, "energy": 53.888446, "activity_lines": [ 36.433202, 36.060651, 34.53919, 33.443756 ] }, { "date": "2026-02-13", "close": 35.795433, "volume": 468803, "typical_volume": 507480.95, "trend": 32.586823, "fair_value": 30.017348, "relative_strength": 3.736086, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.471518, "energy": 48.474209, "activity_lines": [ 36.185474, 36.096589, 34.803955, 33.656034 ] }, { "date": "2026-02-20", "close": 37.139492, "volume": 349284, "typical_volume": 502571.35, "trend": 32.722547, "fair_value": 30.04951, "relative_strength": 5.729084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.53636, "energy": 45.892934, "activity_lines": [ 36.430567, 36.34276, 35.163688, 33.949755 ] }, { "date": "2026-02-27", "close": 31.743492, "volume": 761442, "typical_volume": 520904.05, "trend": 32.712005, "fair_value": 30.047083, "relative_strength": -9.718914, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.422904, "energy": 14.575765, "activity_lines": [ 34.83878, 35.560403, 34.975539, 33.88659 ] }, { "date": "2026-03-06", "close": 29.984358, "volume": 677233, "typical_volume": 529918.95, "trend": 32.617789, "fair_value": 30.037886, "relative_strength": -8.426261, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.524093, "energy": 27.67095, "activity_lines": [ 33.058562, 34.509953, 34.605829, 33.710613 ] }, { "date": "2026-03-13", "close": 28.54147, "volume": 688403, "typical_volume": 527548.85, "trend": 32.48536, "fair_value": 30.036164, "relative_strength": -11.98286, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -46.044067, "energy": 49.309941, "activity_lines": [ 31.196645, 33.281253, 34.096159, 33.447624 ] }, { "date": "2026-03-20", "close": 26.960226, "volume": 795735, "typical_volume": 543961.6, "trend": 32.341071, "fair_value": 30.012563, "relative_strength": -12.628434, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.18285, "energy": 73.004151, "activity_lines": [ 29.303104, 31.89407, 33.444743, 33.091164 ] }, { "date": "2026-03-27", "close": 26.387026, "volume": 982979, "typical_volume": 574669.7, "trend": 32.230384, "fair_value": 29.990981, "relative_strength": -13.939173, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.757256, "energy": 77.537049, "activity_lines": [ 27.80751, 30.575528, 32.756148, 32.707032 ] }, { "date": "2026-04-03", "close": 25.794058, "volume": 858368, "typical_volume": 579573.95, "trend": 32.082801, "fair_value": 29.978764, "relative_strength": -18.877354, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.710359, "energy": 81.073635, "activity_lines": [ 26.831091, 29.33425, 32.021999, 32.291785 ] }, { "date": "2026-04-10", "close": 28.403112, "volume": 975269, "typical_volume": 597619.2, "trend": 32.022846, "fair_value": 29.983984, "relative_strength": -12.90191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.850183, "energy": 69.542085, "activity_lines": [ 27.120986, 28.784049, 31.562591, 32.054386 ] }, { "date": "2026-04-17", "close": 29.490219, "volume": 683972, "typical_volume": 595831.0, "trend": 32.018234, "fair_value": 29.993682, "relative_strength": -12.644689, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.135738, "energy": 53.913397, "activity_lines": [ 27.878666, 28.569143, 31.223941, 31.890991 ] }, { "date": "2026-04-24", "close": 23.95586, "volume": 1811327, "typical_volume": 647902.1, "trend": 31.854839, "fair_value": 29.939435, "relative_strength": -26.967579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.583687, "energy": 60.663011, "activity_lines": [ 26.72831, 27.465865, 30.38061, 31.370837 ] }, { "date": "2026-05-01", "close": 25.339449, "volume": 1108285, "typical_volume": 676839.4, "trend": 31.699349, "fair_value": 29.901412, "relative_strength": -22.927189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.617237, "energy": 54.77348, "activity_lines": [ 26.239442, 26.829414, 29.716487, 30.95049 ] }, { "date": "2026-05-08", "close": 25.616169, "volume": 1786963, "typical_volume": 732153.95, "trend": 31.593274, "fair_value": 29.876721, "relative_strength": -21.814226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.222308, "energy": 52.06121, "activity_lines": [ 25.912651, 26.457822, 29.122485, 30.558026 ] }, { "date": "2026-05-15", "close": 24.647655, "volume": 920115, "typical_volume": 771209.9, "trend": 31.433173, "fair_value": 29.844973, "relative_strength": -23.131623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.458706, "energy": 62.339553, "activity_lines": [ 25.274882, 26.021542, 28.478974, 30.109922 ] }, { "date": "2026-05-22", "close": 24.66, "volume": 893053, "typical_volume": 807764.75, "trend": 31.241859, "fair_value": 29.81876, "relative_strength": -25.505993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.756581, "energy": 56.997998, "activity_lines": [ 24.891592, 25.684537, 27.884077, 29.672943 ] }, { "date": "2026-05-29", "close": 24.959999, "volume": 885657, "typical_volume": 823752.25, "trend": 31.053297, "fair_value": 29.791802, "relative_strength": -24.744435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.698603, "energy": 57.26511, "activity_lines": [ 24.930316, 25.47265, 27.370024, 29.267662 ] }, { "date": "2026-06-05", "close": 23.639999, "volume": 154904, "typical_volume": 809169.65, "trend": 30.885302, "fair_value": 29.757111, "relative_strength": -27.081045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.416488, "energy": 70.02405, "activity_lines": [ 24.462098, 25.057131, 26.785054, 28.789384 ] }, { "date": "2026-06-12", "close": 22.559999, "volume": 321486, "typical_volume": 799645.3, "trend": 30.593681, "fair_value": 29.703008, "relative_strength": -29.358685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.346372, "energy": 73.51546, "activity_lines": [ 23.747176, 24.495194, 26.158781, 28.252268 ] }, { "date": "2026-06-19", "close": 24.1, "volume": 1164852, "typical_volume": 832575.5, "trend": 30.329674, "fair_value": 29.669811, "relative_strength": -24.922534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.733646, "energy": 61.164766, "activity_lines": [ 23.749333, 24.272058, 25.75133, 27.833321 ] }, { "date": "2026-06-26", "close": 22.74, "volume": 153107, "typical_volume": 822061.85, "trend": 29.94786, "fair_value": 29.612255, "relative_strength": -27.472659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.104655, "energy": 65.183901, "activity_lines": [ 23.334666, 23.879888, 25.270895, 27.343665 ] }, { "date": "2026-07-03", "close": 24.68, "volume": 184804, "typical_volume": 807861.9, "trend": 29.639936, "fair_value": 29.56374, "relative_strength": -23.887881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.119977, "energy": 51.389375, "activity_lines": [ 23.694666, 23.963177, 25.038238, 27.003803 ] }, { "date": "2026-07-10", "close": 23.860001, "volume": 866907, "typical_volume": 833743.05, "trend": 29.284255, "fair_value": 29.512757, "relative_strength": -23.447679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.593058, "energy": 44.929772, "activity_lines": [ 23.8, 23.884209, 24.780416, 26.630904 ] }, { "date": "2026-07-17", "close": 24.74, "volume": 548173, "typical_volume": 823079.6, "trend": 28.955931, "fair_value": 29.474205, "relative_strength": -19.40025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.3233, "energy": 35.215105, "activity_lines": [ 24.184, 23.992139, 24.66964, 26.337726 ] }, { "date": "2026-07-24", "close": 24.82, "volume": 1188995, "typical_volume": 848667.7, "trend": 28.629614, "fair_value": 29.427194, "relative_strength": -19.531686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.966295, "energy": 26.509912, "activity_lines": [ 24.449334, 24.130545, 24.599832, 26.070892 ] }, { "date": "2026-07-31", "close": 24.34, "volume": 582826, "typical_volume": 843388.85, "trend": 28.253037, "fair_value": 29.377954, "relative_strength": -22.21061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.763043, "energy": 25.129226, "activity_lines": [ 24.506667, 24.178545, 24.508903, 25.794142 ] }, { "date": "2026-08-07", "close": 25.58, "volume": 497700, "typical_volume": 828487.1, "trend": 27.890121, "fair_value": 29.358972, "relative_strength": -19.904535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.995378, "energy": 19.966222, "activity_lines": [ 24.870667, 24.457818, 24.556075, 25.621688 ] } ], "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." } } }