{ "ticker": { "uuid": "c1aed3d9-9cd0-4d69-bdff-79b036458029", "symbol": "VIB3", "name": "Villeroy & Boch AG", "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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.159, "architecture_energy": 43.113, "architecture_maturity": 24.106, "architecture_confidence": 94.671, "architecture_tenure": "Developing", "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": 13.86, "rotation_up": 20.62, "upward_expansion": 5.64, "deceleration": 51.88, "rotation_down": 57.15, "downward_expansion": 81.31 }, "activity_lines": [ 15.553333, 15.645454, 15.887465, 16.150025 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 15.45, "trend_reference": 16.502672, "distance_from_trend": -0.063788, "trend_direction": "Improving", "fair_value": 15.505557, "distance_from_fair_value": -0.003583, "fair_value_direction": "Weakening", "relative_strength": -11.388361, "relative_strength_direction": "Weakening", "price_momentum": -0.130975, "excess_performance": -0.195615, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.063788, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.006884, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.003583, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.060963, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.113884, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.109592, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.130975, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.564935, "read": "Supply-led" } ], "volume": { "latest": 21900, "relative_activity": 1.441705, "balance": 0.564935, "dry_up": 1.343485, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.037341, "annualized_volatility": 0.182305, "from_high_reference": -0.179254, "from_low_reference": 0.062141 }, "levels": { "trend_reference": 16.502672, "fair_value_reference": 15.505557, "structural_low": 15.3, "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": 23, "median_return": 0.023179, "positive_rate": 0.565217, "directional_follow_through": 0.391304, "median_excess_return": -0.015699, "regime_survival": 0.73913, "best_return": 0.237805, "worst_return": -0.192118, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.005556, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.01073, "regime_survival": 0.555556, "best_return": 0.172414, "worst_return": -0.157767, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.024536, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.025994, "regime_survival": 0.333333, "best_return": 0.199416, "worst_return": -0.095522, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.066152, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.169637, "regime_survival": 0.0, "best_return": 0.095256, "worst_return": -0.050214, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-08-16", "tenure": "Developing", "return": -0.011834, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2024-10-11", "tenure": "Developing", "return": 0.014925, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": -0.049563, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-03-14", "tenure": "Established", "return": 0.093023, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-21", "end": "2025-05-02", "tenure": "Developing", "return": 0.011299, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-08-15", "tenure": "Established", "return": 0.035714, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": -0.044248, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": 0.04088, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-01-02", "tenure": "Developing", "return": 0.056426, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": -0.00295, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.105413, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.109948, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-06-19", "tenure": "Established", "return": 0.016979, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.031348, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.132128, "volume": 25322, "typical_volume": 22376.7, "trend": 16.347775, "fair_value": 14.682608, "relative_strength": -5.070242, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.759722, "energy": 30.223571, "activity_lines": [ 15.569751, 15.598685, 15.890957, 16.15628 ] }, { "date": "2023-08-25", "close": 14.364864, "volume": 27591, "typical_volume": 23029.6, "trend": 16.297988, "fair_value": 14.721622, "relative_strength": -9.726826, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.722936, "energy": 57.518608, "activity_lines": [ 15.166227, 15.365406, 15.709168, 16.02835 ] }, { "date": "2023-09-01", "close": 14.663244, "volume": 35171, "typical_volume": 23712.1, "trend": 16.256802, "fair_value": 14.76185, "relative_strength": -8.714812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.611663, "energy": 66.715119, "activity_lines": [ 14.907632, 15.221253, 15.571172, 15.922883 ] }, { "date": "2023-09-08", "close": 14.791121, "volume": 24628, "typical_volume": 21758.9, "trend": 16.206428, "fair_value": 14.802665, "relative_strength": -7.098773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.607437, "energy": 67.094394, "activity_lines": [ 14.782596, 15.116627, 15.458924, 15.828322 ] }, { "date": "2023-09-15", "close": 15.473132, "volume": 23804, "typical_volume": 20934.8, "trend": 16.184168, "fair_value": 14.848318, "relative_strength": -3.655802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.038362, "energy": 51.499995, "activity_lines": [ 14.958782, 15.144527, 15.427665, 15.781013 ] }, { "date": "2023-09-22", "close": 15.345256, "volume": 105586, "typical_volume": 25318.15, "trend": 16.172441, "fair_value": 14.895013, "relative_strength": -2.32756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.578566, "energy": 30.25644, "activity_lines": [ 15.112235, 15.153052, 15.388693, 15.72689 ] }, { "date": "2023-09-29", "close": 14.918998, "volume": 60479, "typical_volume": 27463.35, "trend": 16.107498, "fair_value": 14.93851, "relative_strength": -4.115419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.793677, "energy": 24.085735, "activity_lines": [ 15.109393, 15.092601, 15.316635, 15.646022 ] }, { "date": "2023-10-06", "close": 15.174752, "volume": 38246, "typical_volume": 28619.4, "trend": 16.03763, "fair_value": 14.97806, "relative_strength": -1.517055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.937011, "energy": 18.255761, "activity_lines": [ 15.15486, 15.080976, 15.277866, 15.585845 ] }, { "date": "2023-10-13", "close": 15.38788, "volume": 48231, "typical_volume": 30421.6, "trend": 15.993697, "fair_value": 15.019674, "relative_strength": 0.048958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.147182, "energy": 16.752384, "activity_lines": [ 15.23727, 15.123601, 15.267108, 15.543926 ] }, { "date": "2023-10-20", "close": 14.663244, "volume": 35589, "typical_volume": 30966.45, "trend": 15.925609, "fair_value": 15.055713, "relative_strength": -2.065002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.070134, "energy": 28.904646, "activity_lines": [ 15.03835, 15.043775, 15.193832, 15.45809 ] }, { "date": "2023-10-27", "close": 14.322238, "volume": 45639, "typical_volume": 32746.9, "trend": 15.819253, "fair_value": 15.089798, "relative_strength": -3.485274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.282341, "energy": 40.061698, "activity_lines": [ 14.779754, 14.922098, 15.093763, 15.354647 ] }, { "date": "2023-11-03", "close": 15.089502, "volume": 26722, "typical_volume": 33520.5, "trend": 15.735783, "fair_value": 15.126407, "relative_strength": -1.541651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.050953, "energy": 29.057573, "activity_lines": [ 14.845114, 14.954649, 15.075698, 15.307566 ] }, { "date": "2023-11-10", "close": 15.345256, "volume": 22793, "typical_volume": 34074.9, "trend": 15.663527, "fair_value": 15.164655, "relative_strength": -0.213147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.262685, "energy": 24.043368, "activity_lines": [ 14.984358, 15.020525, 15.087674, 15.282371 ] }, { "date": "2023-11-17", "close": 15.38788, "volume": 23492, "typical_volume": 33805.5, "trend": 15.571172, "fair_value": 15.200781, "relative_strength": -4.238798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.940893, "energy": 12.176374, "activity_lines": [ 15.126443, 15.081751, 15.104724, 15.264587 ] }, { "date": "2023-11-24", "close": 15.345256, "volume": 21715, "typical_volume": 33323.7, "trend": 15.53565, "fair_value": 15.234478, "relative_strength": -5.236386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.45884, "energy": 10.647127, "activity_lines": [ 15.254321, 15.124377, 15.117106, 15.250012 ] }, { "date": "2023-12-01", "close": 14.961624, "volume": 25475, "typical_volume": 34229.25, "trend": 15.470291, "fair_value": 15.266674, "relative_strength": -9.629192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.65304, "energy": 11.745639, "activity_lines": [ 15.208853, 15.099576, 15.094576, 15.212978 ] }, { "date": "2023-12-08", "close": 14.748494, "volume": 57950, "typical_volume": 35888.15, "trend": 15.40209, "fair_value": 15.29918, "relative_strength": -12.785061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.975944, "energy": 14.501359, "activity_lines": [ 15.049717, 15.043, 15.055806, 15.166411 ] }, { "date": "2023-12-15", "close": 14.833746, "volume": 14559, "typical_volume": 35277.95, "trend": 15.33673, "fair_value": 15.328161, "relative_strength": -12.161795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.176863, "energy": 24.320295, "activity_lines": [ 14.941731, 15.005024, 15.026577, 15.129743 ] }, { "date": "2023-12-22", "close": 15.089502, "volume": 15267, "typical_volume": 34842.25, "trend": 15.281317, "fair_value": 15.356626, "relative_strength": -10.316363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.970316, "energy": 27.628145, "activity_lines": [ 14.953099, 15.01975, 15.027389, 15.113793 ] }, { "date": "2023-12-29", "close": 15.260004, "volume": 9011, "typical_volume": 34363.5, "trend": 15.261425, "fair_value": 15.385466, "relative_strength": -9.445526, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.42267, "energy": 13.912904, "activity_lines": [ 15.041192, 15.070901, 15.048296, 15.112418 ] }, { "date": "2024-01-05", "close": 15.515759, "volume": 21136, "typical_volume": 34154.2, "trend": 15.238691, "fair_value": 15.414507, "relative_strength": -6.983298, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.905326, "energy": 8.541493, "activity_lines": [ 15.22022, 15.157702, 15.095996, 15.128827 ] }, { "date": "2024-01-12", "close": 15.345256, "volume": 24666, "typical_volume": 34007.95, "trend": 15.207432, "fair_value": 15.443414, "relative_strength": -8.441918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.694857, "energy": 14.714228, "activity_lines": [ 15.305472, 15.191803, 15.125632, 15.135702 ] }, { "date": "2024-01-19", "close": 15.132128, "volume": 22576, "typical_volume": 33378.2, "trend": 15.193224, "fair_value": 15.464727, "relative_strength": -8.675599, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.162076, "energy": 12.95022, "activity_lines": [ 15.279897, 15.182503, 15.1303, 15.130844 ] }, { "date": "2024-01-26", "close": 15.345256, "volume": 29970, "typical_volume": 33645.3, "trend": 15.196065, "fair_value": 15.488125, "relative_strength": -9.360179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.713112, "energy": 24.301024, "activity_lines": [ 15.305472, 15.215829, 15.153034, 15.140652 ] }, { "date": "2024-02-02", "close": 15.30263, "volume": 31513, "typical_volume": 34030.75, "trend": 15.183278, "fair_value": 15.511489, "relative_strength": -9.166383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.126264, "energy": 16.9918, "activity_lines": [ 15.299789, 15.242179, 15.169069, 15.147527 ] }, { "date": "2024-02-09", "close": 15.260004, "volume": 22915, "typical_volume": 29897.2, "trend": 15.164807, "fair_value": 15.533622, "relative_strength": -9.177138, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.62638, "energy": 10.307043, "activity_lines": [ 15.277055, 15.261554, 15.181857, 15.152477 ] }, { "date": "2024-02-16", "close": 15.260004, "volume": 21637, "typical_volume": 27955.1, "trend": 15.171911, "fair_value": 15.555276, "relative_strength": -9.926612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.687125, "energy": 7.750687, "activity_lines": [ 15.271371, 15.275505, 15.195051, 15.158619 ] }, { "date": "2024-02-23", "close": 15.345256, "volume": 35135, "typical_volume": 27799.55, "trend": 15.149177, "fair_value": 15.581787, "relative_strength": -10.731071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.133445, "energy": 21.287899, "activity_lines": [ 15.299788, 15.295655, 15.21474, 15.169803 ] }, { "date": "2024-03-01", "close": 15.30263, "volume": 51504, "typical_volume": 27963.2, "trend": 15.129285, "fair_value": 15.608026, "relative_strength": -12.187612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.948698, "energy": 20.489393, "activity_lines": [ 15.299788, 15.298755, 15.229557, 15.179703 ] }, { "date": "2024-03-08", "close": 15.046876, "volume": 33686, "typical_volume": 27868.05, "trend": 15.105131, "fair_value": 15.628074, "relative_strength": -13.575443, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.74069, "energy": 10.19071, "activity_lines": [ 15.217379, 15.251479, 15.220423, 15.174386 ] }, { "date": "2024-03-15", "close": 15.601009, "volume": 28404, "typical_volume": 27006.3, "trend": 15.12076, "fair_value": 15.650955, "relative_strength": -10.542692, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.090145, "energy": 25.617311, "activity_lines": [ 15.33673, 15.30883, 15.262237, 15.206378 ] }, { "date": "2024-03-22", "close": 15.38788, "volume": 60688, "typical_volume": 28704.6, "trend": 15.154861, "fair_value": 15.671992, "relative_strength": -12.600226, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.760544, "energy": 21.427521, "activity_lines": [ 15.362305, 15.32588, 15.277663, 15.223612 ] }, { "date": "2024-03-29", "close": 15.558384, "volume": 52164, "typical_volume": 30173.15, "trend": 15.184699, "fair_value": 15.693377, "relative_strength": -12.515362, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.230316, "energy": 31.007224, "activity_lines": [ 15.43619, 15.373156, 15.307907, 15.249646 ] }, { "date": "2024-04-05", "close": 15.814137, "volume": 49770, "typical_volume": 31487.05, "trend": 15.218799, "fair_value": 15.715907, "relative_strength": -9.055191, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.47382, "energy": 52.434808, "activity_lines": [ 15.581117, 15.459182, 15.361494, 15.290254 ] }, { "date": "2024-04-12", "close": 16.197769, "volume": 64913, "typical_volume": 33646.95, "trend": 15.242954, "fair_value": 15.740399, "relative_strength": -5.187871, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.812547, "energy": 66.436595, "activity_lines": [ 15.819821, 15.606434, 15.449587, 15.353414 ] }, { "date": "2024-04-19", "close": 15.475863, "volume": 40672, "typical_volume": 34406.8, "trend": 15.247307, "fair_value": 15.755057, "relative_strength": -7.924636, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.774567, "energy": 51.004672, "activity_lines": [ 15.741163, 15.606156, 15.464867, 15.36844 ] }, { "date": "2024-04-26", "close": 15.430745, "volume": 36675, "typical_volume": 33343.05, "trend": 15.264365, "fair_value": 15.766203, "relative_strength": -10.004082, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.367874, "energy": 36.198683, "activity_lines": [ 15.655809, 15.593749, 15.473402, 15.380275 ] }, { "date": "2024-05-03", "close": 15.520984, "volume": 28470, "typical_volume": 34038.6, "trend": 15.275907, "fair_value": 15.779167, "relative_strength": -8.30631, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.682523, "energy": 23.960003, "activity_lines": [ 15.597678, 15.594646, 15.487282, 15.396831 ] }, { "date": "2024-05-10", "close": 15.836817, "volume": 33369, "typical_volume": 34943.7, "trend": 15.290871, "fair_value": 15.797379, "relative_strength": -9.89399, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.171664, "energy": 17.929659, "activity_lines": [ 15.647317, 15.649771, 15.527969, 15.433019 ] }, { "date": "2024-05-17", "close": 15.430745, "volume": 57870, "typical_volume": 37386.65, "trend": 15.316454, "fair_value": 15.813731, "relative_strength": -11.507084, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.470314, "energy": 13.217202, "activity_lines": [ 15.560087, 15.621352, 15.526424, 15.442043 ] }, { "date": "2024-05-24", "close": 15.61122, "volume": 41112, "typical_volume": 38385.45, "trend": 15.359421, "fair_value": 15.830001, "relative_strength": -10.023967, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.868473, "energy": 13.31434, "activity_lines": [ 15.58415, 15.618768, 15.541254, 15.46106 ] }, { "date": "2024-05-31", "close": 15.250268, "volume": 20252, "typical_volume": 38164.75, "trend": 15.364779, "fair_value": 15.843213, "relative_strength": -10.87388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.473648, "energy": 8.678685, "activity_lines": [ 15.478872, 15.550371, 15.521253, 15.454018 ] }, { "date": "2024-06-07", "close": 15.836817, "volume": 25444, "typical_volume": 38308.15, "trend": 15.381165, "fair_value": 15.856962, "relative_strength": -7.429816, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.029353, "energy": 14.289565, "activity_lines": [ 15.581142, 15.59112, 15.557566, 15.484472 ] }, { "date": "2024-06-14", "close": 15.340507, "volume": 18685, "typical_volume": 37743.9, "trend": 15.379586, "fair_value": 15.867529, "relative_strength": -7.288033, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.773686, "energy": 5.770643, "activity_lines": [ 15.496919, 15.53657, 15.543256, 15.481849 ] }, { "date": "2024-06-21", "close": 15.295388, "volume": 15192, "typical_volume": 36927.85, "trend": 15.377923, "fair_value": 15.878799, "relative_strength": -8.112034, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.064143, "energy": 6.578384, "activity_lines": [ 15.430745, 15.482427, 15.524671, 15.476417 ] }, { "date": "2024-06-28", "close": 15.475863, "volume": 11917, "typical_volume": 36377.95, "trend": 15.395065, "fair_value": 15.883044, "relative_strength": -7.206944, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.75205, "energy": 6.767894, "activity_lines": [ 15.433753, 15.477505, 15.523309, 15.482735 ] }, { "date": "2024-07-05", "close": 15.475863, "volume": 10079, "typical_volume": 35800.05, "trend": 15.41931, "fair_value": 15.878611, "relative_strength": -8.088313, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.770126, "energy": 8.372923, "activity_lines": [ 15.445784, 15.472582, 15.520919, 15.487948 ] }, { "date": "2024-07-12", "close": 15.520984, "volume": 14938, "typical_volume": 34790.2, "trend": 15.442218, "fair_value": 15.876451, "relative_strength": -8.864995, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.067914, "energy": 7.493855, "activity_lines": [ 15.457816, 15.475044, 15.521798, 15.494508 ] }, { "date": "2024-07-19", "close": 15.701458, "volume": 24180, "typical_volume": 33424.0, "trend": 15.462617, "fair_value": 15.873464, "relative_strength": -4.748471, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.238217, "energy": 14.032675, "activity_lines": [ 15.551062, 15.510318, 15.539029, 15.511233 ] }, { "date": "2024-07-26", "close": 15.430745, "volume": 6850, "typical_volume": 32082.2, "trend": 15.468308, "fair_value": 15.870229, "relative_strength": -7.373432, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.887615, "energy": 10.467703, "activity_lines": [ 15.530007, 15.498833, 15.528578, 15.509177 ] }, { "date": "2024-08-02", "close": 15.160028, "volume": 16471, "typical_volume": 31485.55, "trend": 15.45645, "fair_value": 15.861789, "relative_strength": -4.821471, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.420976, "energy": 7.266665, "activity_lines": [ 15.409688, 15.438127, 15.490516, 15.489288 ] }, { "date": "2024-08-09", "close": 14.979554, "volume": 20128, "typical_volume": 29457.55, "trend": 15.44426, "fair_value": 15.846736, "relative_strength": -5.97908, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.249602, "energy": 26.02117, "activity_lines": [ 15.250268, 15.352811, 15.437367, 15.45852 ] }, { "date": "2024-08-16", "close": 15.069793, "volume": 7045, "typical_volume": 27201.6, "trend": 15.442183, "fair_value": 15.833254, "relative_strength": -8.214816, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.987454, "energy": 45.423943, "activity_lines": [ 15.154014, 15.288824, 15.394756, 15.434361 ] }, { "date": "2024-08-23", "close": 15.11491, "volume": 13238, "typical_volume": 25375.0, "trend": 15.434504, "fair_value": 15.818077, "relative_strength": -9.265243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.088023, "energy": 48.405788, "activity_lines": [ 15.102879, 15.246987, 15.358769, 15.413247 ] }, { "date": "2024-08-30", "close": 15.069793, "volume": 3747, "typical_volume": 22316.7, "trend": 15.426743, "fair_value": 15.796165, "relative_strength": -10.598849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.788098, "energy": 47.341479, "activity_lines": [ 15.075808, 15.201047, 15.321814, 15.389717 ] }, { "date": "2024-09-06", "close": 15.160028, "volume": 7711, "typical_volume": 20668.65, "trend": 15.423411, "fair_value": 15.778799, "relative_strength": -6.866711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.466973, "energy": 35.320042, "activity_lines": [ 15.102879, 15.175616, 15.298825, 15.372509 ] }, { "date": "2024-09-13", "close": 15.205149, "volume": 14021, "typical_volume": 19535.95, "trend": 15.421582, "fair_value": 15.764201, "relative_strength": -8.256969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.193336, "energy": 24.218156, "activity_lines": [ 15.14499, 15.164131, 15.281637, 15.358428 ] }, { "date": "2024-09-20", "close": 15.11491, "volume": 6056, "typical_volume": 18415.25, "trend": 15.413904, "fair_value": 15.751008, "relative_strength": -8.546755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.395463, "energy": 19.683269, "activity_lines": [ 15.141982, 15.141162, 15.256928, 15.338643 ] }, { "date": "2024-09-27", "close": 15.340507, "volume": 9033, "typical_volume": 17198.45, "trend": 15.415166, "fair_value": 15.73579, "relative_strength": -10.418958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.47541, "energy": 13.873493, "activity_lines": [ 15.211165, 15.166593, 15.255639, 15.333907 ] }, { "date": "2024-10-04", "close": 15.520984, "volume": 9759, "typical_volume": 14792.9, "trend": 15.43097, "fair_value": 15.721233, "relative_strength": -7.318956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.988253, "energy": 11.279381, "activity_lines": [ 15.325467, 15.2314, 15.273902, 15.340734 ] }, { "date": "2024-10-11", "close": 15.340507, "volume": 9121, "typical_volume": 13193.35, "trend": 15.422287, "fair_value": 15.706511, "relative_strength": -9.150693, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.892641, "energy": 13.37336, "activity_lines": [ 15.349531, 15.261753, 15.274547, 15.334898 ] }, { "date": "2024-10-18", "close": 15.475863, "volume": 18394, "typical_volume": 13100.45, "trend": 15.425219, "fair_value": 15.685218, "relative_strength": -9.263487, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.442443, "energy": 11.130394, "activity_lines": [ 15.406681, 15.313435, 15.289371, 15.338355 ] }, { "date": "2024-10-25", "close": 15.205149, "volume": 24253, "typical_volume": 13040.9, "trend": 15.413445, "fair_value": 15.663678, "relative_strength": -9.574472, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.898836, "energy": 11.363052, "activity_lines": [ 15.355546, 15.306872, 15.27734, 15.324156 ] }, { "date": "2024-11-01", "close": 14.663719, "volume": 17774, "typical_volume": 12995.35, "trend": 15.375098, "fair_value": 15.64313, "relative_strength": -11.392187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.104666, "energy": 32.59524, "activity_lines": [ 15.117919, 15.199407, 15.216751, 15.275787 ] }, { "date": "2024-11-08", "close": 14.708838, "volume": 15586, "typical_volume": 13015.05, "trend": 15.325467, "fair_value": 15.625846, "relative_strength": -10.452387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.121319, "energy": 52.90007, "activity_lines": [ 14.94045, 15.108348, 15.163682, 15.232803 ] }, { "date": "2024-11-15", "close": 13.58086, "volume": 23153, "typical_volume": 13576.85, "trend": 15.2623, "fair_value": 15.60034, "relative_strength": -16.813443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.909016, "energy": 80.349164, "activity_lines": [ 14.441131, 14.818765, 15.00598, 15.120247 ] }, { "date": "2024-11-22", "close": 14.167408, "volume": 17248, "typical_volume": 13935.3, "trend": 15.220189, "fair_value": 15.580082, "relative_strength": -13.282905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.429413, "energy": 78.007999, "activity_lines": [ 14.254639, 14.664539, 14.913164, 15.049609 ] }, { "date": "2024-11-29", "close": 13.941813, "volume": 26275, "typical_volume": 14502.15, "trend": 15.16755, "fair_value": 15.561352, "relative_strength": -15.597012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.852909, "energy": 79.288441, "activity_lines": [ 14.080178, 14.488165, 14.805092, 14.967133 ] }, { "date": "2024-12-06", "close": 13.625979, "volume": 38437, "typical_volume": 15215.0, "trend": 15.093855, "fair_value": 15.537623, "relative_strength": -20.191289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.287784, "energy": 81.207163, "activity_lines": [ 13.884662, 14.275694, 14.674462, 14.867677 ] }, { "date": "2024-12-13", "close": 14.212527, "volume": 18596, "typical_volume": 15802.3, "trend": 15.053248, "fair_value": 15.518646, "relative_strength": -16.480259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.629217, "energy": 52.637268, "activity_lines": [ 13.953844, 14.201043, 14.609576, 14.810817 ] }, { "date": "2024-12-20", "close": 13.671098, "volume": 14124, "typical_volume": 15684.95, "trend": 14.988577, "fair_value": 15.493718, "relative_strength": -17.144175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.83087, "energy": 52.185381, "activity_lines": [ 13.875638, 14.051739, 14.498927, 14.721646 ] }, { "date": "2024-12-27", "close": 13.716217, "volume": 7764, "typical_volume": 15066.75, "trend": 14.937442, "fair_value": 15.467592, "relative_strength": -16.852086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.611464, "energy": 50.004149, "activity_lines": [ 13.806455, 13.940992, 14.399665, 14.639559 ] }, { "date": "2025-01-03", "close": 13.671098, "volume": 7355, "typical_volume": 15082.25, "trend": 14.865251, "fair_value": 15.440185, "relative_strength": -16.315913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.864857, "energy": 46.403538, "activity_lines": [ 13.752312, 13.854035, 14.302121, 14.557859 ] }, { "date": "2025-01-10", "close": 14.032052, "volume": 18882, "typical_volume": 15364.45, "trend": 14.821636, "fair_value": 15.419555, "relative_strength": -14.97088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.948318, "energy": 41.211567, "activity_lines": [ 13.836535, 13.860598, 14.245615, 14.504104 ] }, { "date": "2025-01-17", "close": 13.941813, "volume": 19093, "typical_volume": 16131.75, "trend": 14.776517, "fair_value": 15.395867, "relative_strength": -17.822416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.578978, "energy": 31.265411, "activity_lines": [ 13.863607, 13.862239, 14.185671, 14.447341 ] }, { "date": "2025-01-24", "close": 13.851575, "volume": 41394, "typical_volume": 17815.9, "trend": 14.722374, "fair_value": 15.368625, "relative_strength": -19.740786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.796637, "energy": 27.430022, "activity_lines": [ 13.878646, 13.861419, 14.122504, 14.387668 ] }, { "date": "2025-01-31", "close": 13.761336, "volume": 28250, "typical_volume": 18527.35, "trend": 14.665223, "fair_value": 15.336342, "relative_strength": -20.989592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.892363, "energy": 25.999265, "activity_lines": [ 13.851575, 13.839269, 14.056974, 14.325665 ] }, { "date": "2025-02-07", "close": 13.625979, "volume": 13164, "typical_volume": 18882.75, "trend": 14.602056, "fair_value": 15.306663, "relative_strength": -21.443564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.28282, "energy": 32.681503, "activity_lines": [ 13.776376, 13.799893, 13.985428, 14.258617 ] }, { "date": "2025-02-14", "close": 13.851575, "volume": 28741, "typical_volume": 19868.15, "trend": 14.540394, "fair_value": 15.272479, "relative_strength": -22.200527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.56789, "energy": 30.641812, "activity_lines": [ 13.779384, 13.807276, 13.942457, 14.210199 ] }, { "date": "2025-02-21", "close": 13.671098, "volume": 19903, "typical_volume": 20375.35, "trend": 14.481739, "fair_value": 15.244576, "relative_strength": -21.928148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.787896, "energy": 33.338573, "activity_lines": [ 13.734265, 13.777743, 13.889389, 14.154115 ] }, { "date": "2025-02-28", "close": 13.625979, "volume": 26987, "typical_volume": 21268.65, "trend": 14.430604, "fair_value": 15.223326, "relative_strength": -22.60637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.735792, "energy": 35.469571, "activity_lines": [ 13.692154, 13.749852, 13.840832, 14.098905 ] }, { "date": "2025-03-07", "close": 13.941813, "volume": 22806, "typical_volume": 21489.25, "trend": 14.396012, "fair_value": 15.205093, "relative_strength": -21.927975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.284144, "energy": 27.20694, "activity_lines": [ 13.77036, 13.780204, 13.830519, 14.06737 ] }, { "date": "2025-03-14", "close": 14.844196, "volume": 61373, "typical_volume": 23345.25, "trend": 14.388492, "fair_value": 15.187189, "relative_strength": -16.330359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.412811, "energy": 9.9597, "activity_lines": [ 14.137329, 13.970525, 13.913452, 14.096285 ] }, { "date": "2025-03-21", "close": 15.972176, "volume": 82800, "typical_volume": 26596.55, "trend": 14.417068, "fair_value": 15.174533, "relative_strength": -9.264878, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.957317, "energy": 53.887899, "activity_lines": [ 14.799077, 14.344604, 14.105531, 14.198459 ] }, { "date": "2025-03-28", "close": 16.423367, "volume": 23598, "typical_volume": 26997.15, "trend": 14.462187, "fair_value": 15.160306, "relative_strength": -4.652319, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.345874, "energy": 74.08591, "activity_lines": [ 15.469849, 14.765443, 14.33435, 14.327897 ] }, { "date": "2025-04-04", "close": 14.889315, "volume": 33389, "typical_volume": 27508.95, "trend": 14.453163, "fair_value": 15.141418, "relative_strength": -5.585371, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.303421, "energy": 62.112237, "activity_lines": [ 15.445785, 14.862244, 14.408904, 14.355454 ] }, { "date": "2025-04-11", "close": 15.205149, "volume": 30470, "typical_volume": 28170.05, "trend": 14.453163, "fair_value": 15.12559, "relative_strength": -1.928404, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.971792, "energy": 58.244821, "activity_lines": [ 15.442777, 14.997601, 14.507306, 14.403969 ] }, { "date": "2025-04-18", "close": 15.11491, "volume": 12578, "typical_volume": 27485.2, "trend": 14.453163, "fair_value": 15.107114, "relative_strength": -5.954656, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.748924, "energy": 32.181925, "activity_lines": [ 15.325467, 15.0903, 14.592173, 14.446662 ] }, { "date": "2025-04-25", "close": 15.340507, "volume": 23040, "typical_volume": 26715.35, "trend": 14.453163, "fair_value": 15.097327, "relative_strength": -8.628427, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 54.46471, "energy": 32.006544, "activity_lines": [ 15.265308, 15.196946, 14.69294, 14.50391 ] }, { "date": "2025-05-02", "close": 16.152651, "volume": 13257, "typical_volume": 26448.4, "trend": 14.474219, "fair_value": 15.099472, "relative_strength": -6.923697, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.382224, "energy": 42.101818, "activity_lines": [ 15.517975, 15.424182, 14.862888, 14.613555 ] }, { "date": "2025-05-09", "close": 15.972176, "volume": 42804, "typical_volume": 27882.4, "trend": 14.495275, "fair_value": 15.103563, "relative_strength": -9.19912, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.403328, "energy": 42.672553, "activity_lines": [ 15.728532, 15.573486, 15.00641, 14.710197 ] }, { "date": "2025-05-16", "close": 15.591884, "volume": 48859, "typical_volume": 29937.15, "trend": 14.499142, "fair_value": 15.102631, "relative_strength": -11.978879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.892023, "energy": 40.87793, "activity_lines": [ 15.740133, 15.610987, 15.102756, 14.780946 ] }, { "date": "2025-05-23", "close": 15.877103, "volume": 35729, "typical_volume": 31355.85, "trend": 14.52154, "fair_value": 15.099387, "relative_strength": -9.464582, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.286682, "energy": 44.877117, "activity_lines": [ 15.821026, 15.670345, 15.217335, 14.869847 ] }, { "date": "2025-05-30", "close": 15.78203, "volume": 20495, "typical_volume": 31436.5, "trend": 14.558817, "fair_value": 15.096569, "relative_strength": -11.001774, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.474857, "energy": 35.098665, "activity_lines": [ 15.819414, 15.693637, 15.312353, 14.951169 ] }, { "date": "2025-06-06", "close": 16.495073, "volume": 50590, "typical_volume": 33011.35, "trend": 14.618359, "fair_value": 15.097287, "relative_strength": -7.736148, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.84996, "energy": 38.335659, "activity_lines": [ 16.026049, 15.850031, 15.466948, 15.076088 ] }, { "date": "2025-06-13", "close": 16.4, "volume": 39984, "typical_volume": 32940.85, "trend": 14.71233, "fair_value": 15.1005, "relative_strength": -4.808053, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.872889, "energy": 40.300149, "activity_lines": [ 16.178165, 15.987834, 15.600329, 15.191033 ] }, { "date": "2025-06-20", "close": 15.877103, "volume": 56538, "typical_volume": 34355.25, "trend": 14.76932, "fair_value": 15.105793, "relative_strength": -6.792547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.717671, "energy": 36.310534, "activity_lines": [ 16.12746, 16.003099, 15.671776, 15.26618 ] }, { "date": "2025-06-27", "close": 17.065508, "volume": 37838, "typical_volume": 35588.95, "trend": 14.873443, "fair_value": 15.123618, "relative_strength": -2.304777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.599717, "energy": 54.266587, "activity_lines": [ 16.453875, 16.22222, 15.846328, 15.414321 ] }, { "date": "2025-07-04", "close": 17.113045, "volume": 21588, "typical_volume": 35231.3, "trend": 14.989678, "fair_value": 15.148474, "relative_strength": -0.709848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.313528, "energy": 63.886762, "activity_lines": [ 16.716909, 16.414518, 16.00903, 15.558811 ] }, { "date": "2025-07-11", "close": 17.113045, "volume": 28775, "typical_volume": 35674.9, "trend": 15.086362, "fair_value": 15.176434, "relative_strength": -2.307876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.158811, "energy": 70.364346, "activity_lines": [ 16.891209, 16.574589, 16.1562, 15.695803 ] }, { "date": "2025-07-18", "close": 17.113045, "volume": 13143, "typical_volume": 34982.7, "trend": 15.201094, "fair_value": 15.195857, "relative_strength": -2.029315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.829745, "energy": 73.937324, "activity_lines": [ 17.024311, 16.717197, 16.286981, 15.826556 ] }, { "date": "2025-07-25", "close": 17.065508, "volume": 22823, "typical_volume": 34983.55, "trend": 15.312737, "fair_value": 15.207992, "relative_strength": -1.660805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.600842, "energy": 66.005385, "activity_lines": [ 17.09403, 16.83042, 16.396629, 15.946841 ] }, { "date": "2025-08-01", "close": 16.495073, "volume": 20349, "typical_volume": 32932.35, "trend": 15.406869, "fair_value": 15.20871, "relative_strength": -1.327793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.830295, "energy": 41.97085, "activity_lines": [ 16.894378, 16.813134, 16.437075, 16.023121 ] }, { "date": "2025-08-08", "close": 16.685217, "volume": 22038, "typical_volume": 29894.25, "trend": 15.495308, "fair_value": 15.209095, "relative_strength": -2.829195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.873789, "energy": 30.545326, "activity_lines": [ 16.796136, 16.819184, 16.487768, 16.105595 ] }, { "date": "2025-08-15", "close": 16.542608, "volume": 17612, "typical_volume": 29594.95, "trend": 15.582001, "fair_value": 15.205979, "relative_strength": -4.064425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.831826, "energy": 23.263236, "activity_lines": [ 16.678879, 16.782883, 16.521485, 16.173163 ] }, { "date": "2025-08-22", "close": 16.114784, "volume": 9570, "typical_volume": 28404.0, "trend": 15.657442, "fair_value": 15.208916, "relative_strength": -6.17837, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.698934, "energy": 18.522004, "activity_lines": [ 16.457044, 16.667932, 16.513888, 16.207536 ] }, { "date": "2025-08-29", "close": 16.162319, "volume": 14641, "typical_volume": 27612.55, "trend": 15.737475, "fair_value": 15.218106, "relative_strength": -3.769959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.013116, "energy": 16.318609, "activity_lines": [ 16.317604, 16.566809, 16.504983, 16.240108 ] }, { "date": "2025-09-05", "close": 16.019711, "volume": 17079, "typical_volume": 27837.6, "trend": 15.817266, "fair_value": 15.23078, "relative_strength": -2.988506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.915405, "energy": 12.980351, "activity_lines": [ 16.190841, 16.434572, 16.477939, 16.258317 ] }, { "date": "2025-09-12", "close": 16.067245, "volume": 10624, "typical_volume": 27216.8, "trend": 15.891121, "fair_value": 15.249966, "relative_strength": -2.754895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.906554, "energy": 15.087905, "activity_lines": [ 16.111613, 16.329992, 16.451112, 16.274445 ] }, { "date": "2025-09-19", "close": 15.734492, "volume": 20145, "typical_volume": 27561.2, "trend": 15.959901, "fair_value": 15.270641, "relative_strength": -4.157304, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.987174, "energy": 20.755872, "activity_lines": [ 15.962666, 16.183926, 16.389135, 16.26434 ] }, { "date": "2025-09-26", "close": 15.40174, "volume": 25288, "typical_volume": 26685.4, "trend": 16.019093, "fair_value": 15.29953, "relative_strength": -6.218701, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.392619, "energy": 48.533856, "activity_lines": [ 15.756676, 16.002424, 16.297458, 16.228329 ] }, { "date": "2025-10-03", "close": 15.116522, "volume": 33183, "typical_volume": 25901.6, "trend": 16.05825, "fair_value": 15.320123, "relative_strength": -9.889162, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.534652, "energy": 58.00263, "activity_lines": [ 15.50315, 15.800179, 16.181334, 16.170099 ] }, { "date": "2025-10-10", "close": 15.02145, "volume": 31522, "typical_volume": 25691.25, "trend": 16.064159, "fair_value": 15.339848, "relative_strength": -9.513228, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.120588, "energy": 64.466447, "activity_lines": [ 15.287652, 15.616085, 16.058419, 16.103209 ] }, { "date": "2025-10-17", "close": 14.973913, "volume": 24208, "typical_volume": 25876.9, "trend": 16.030883, "fair_value": 15.350733, "relative_strength": -7.834575, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.111795, "energy": 63.203604, "activity_lines": [ 15.12286, 15.45014, 15.935051, 16.03287 ] }, { "date": "2025-10-24", "close": 15.877103, "volume": 26854, "typical_volume": 24690.1, "trend": 16.012674, "fair_value": 15.363527, "relative_strength": -3.580621, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.257922, "energy": 39.665504, "activity_lines": [ 15.33202, 15.479526, 15.901549, 16.022949 ] }, { "date": "2025-10-31", "close": 15.734492, "volume": 29865, "typical_volume": 24184.15, "trend": 16.040847, "fair_value": 15.372562, "relative_strength": -3.035911, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.880818, "energy": 34.325211, "activity_lines": [ 15.484136, 15.495083, 15.857408, 16.005002 ] }, { "date": "2025-11-07", "close": 15.164058, "volume": 33474, "typical_volume": 23030.95, "trend": 16.039477, "fair_value": 15.380009, "relative_strength": -4.681092, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.603392, "energy": 30.551803, "activity_lines": [ 15.423923, 15.413839, 15.762109, 15.948435 ] }, { "date": "2025-11-14", "close": 15.068986, "volume": 27302, "typical_volume": 22504.15, "trend": 16.037946, "fair_value": 15.387106, "relative_strength": -6.292556, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.078859, "energy": 30.881707, "activity_lines": [ 15.32885, 15.33346, 15.661151, 15.885822 ] }, { "date": "2025-11-21", "close": 14.831306, "volume": 13204, "typical_volume": 22084.95, "trend": 16.020973, "fair_value": 15.396818, "relative_strength": -4.388305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.467948, "energy": 40.200287, "activity_lines": [ 15.151382, 15.227152, 15.547065, 15.807975 ] }, { "date": "2025-11-28", "close": 15.40174, "volume": 11833, "typical_volume": 21237.85, "trend": 15.995943, "fair_value": 15.407858, "relative_strength": -3.636629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.762763, "energy": 37.727518, "activity_lines": [ 15.173566, 15.247031, 15.49817, 15.768024 ] }, { "date": "2025-12-05", "close": 15.211595, "volume": 29947, "typical_volume": 22078.05, "trend": 15.97059, "fair_value": 15.421301, "relative_strength": -5.488354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.537295, "energy": 34.348995, "activity_lines": [ 15.164059, 15.238388, 15.439316, 15.717421 ] }, { "date": "2025-12-12", "close": 15.354203, "volume": 15916, "typical_volume": 21732.7, "trend": 15.962667, "fair_value": 15.436693, "relative_strength": -5.058802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.535117, "energy": 28.797546, "activity_lines": [ 15.236948, 15.259131, 15.403098, 15.677654 ] }, { "date": "2025-12-19", "close": 15.496811, "volume": 23063, "typical_volume": 21868.4, "trend": 15.949991, "fair_value": 15.45067, "relative_strength": -4.443063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.52708, "energy": 16.747189, "activity_lines": [ 15.344696, 15.301481, 15.38861, 15.647599 ] }, { "date": "2025-12-26", "close": 15.40174, "volume": 8630, "typical_volume": 21198.0, "trend": 15.937315, "fair_value": 15.462745, "relative_strength": -5.084402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.841102, "energy": 15.015522, "activity_lines": [ 15.392232, 15.317903, 15.369822, 15.612228 ] }, { "date": "2026-01-02", "close": 16.019711, "volume": 9726, "typical_volume": 20803.7, "trend": 15.921469, "fair_value": 15.474126, "relative_strength": -1.981752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.870918, "energy": 8.364388, "activity_lines": [ 15.60773, 15.438904, 15.416, 15.617544 ] }, { "date": "2026-01-09", "close": 16.114784, "volume": 25953, "typical_volume": 21622.85, "trend": 15.911962, "fair_value": 15.479132, "relative_strength": -4.063516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.51012, "energy": 14.349308, "activity_lines": [ 15.813721, 15.574599, 15.473723, 15.630016 ] }, { "date": "2026-01-16", "close": 16.067245, "volume": 45201, "typical_volume": 23150.85, "trend": 15.9183, "fair_value": 15.481763, "relative_strength": -4.392732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.153654, "energy": 27.837856, "activity_lines": [ 15.943652, 15.694736, 15.526918, 15.640034 ] }, { "date": "2026-01-23", "close": 16.685217, "volume": 20956, "typical_volume": 23344.7, "trend": 15.905624, "fair_value": 15.487063, "relative_strength": 0.799007, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.070914, "energy": 51.881166, "activity_lines": [ 16.232039, 15.910809, 15.639421, 15.689513 ] }, { "date": "2026-01-30", "close": 17.113045, "volume": 45458, "typical_volume": 25086.4, "trend": 15.905624, "fair_value": 15.494846, "relative_strength": 4.713963, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.053957, "energy": 66.107346, "activity_lines": [ 16.583807, 16.175284, 15.789499, 15.767411 ] }, { "date": "2026-02-06", "close": 17.778551, "volume": 66410, "typical_volume": 27399.65, "trend": 15.927807, "fair_value": 15.504309, "relative_strength": 7.690931, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.504541, "energy": 76.557753, "activity_lines": [ 17.043324, 16.519273, 15.99798, 15.888245 ] }, { "date": "2026-02-13", "close": 18.444057, "volume": 39383, "typical_volume": 28104.4, "trend": 15.972174, "fair_value": 15.519073, "relative_strength": 10.457123, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.958861, "energy": 94.508778, "activity_lines": [ 17.60742, 16.941049, 16.260108, 16.050583 ] }, { "date": "2026-02-20", "close": 18.158842, "volume": 13565, "typical_volume": 27123.5, "trend": 16.008619, "fair_value": 15.534854, "relative_strength": 6.936703, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.813849, "energy": 90.554302, "activity_lines": [ 17.92116, 17.252195, 16.480586, 16.191659 ] }, { "date": "2026-02-27", "close": 18.586666, "volume": 49697, "typical_volume": 28032.25, "trend": 16.078338, "fair_value": 15.545875, "relative_strength": 8.946162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.615922, "energy": 91.407199, "activity_lines": [ 18.238068, 17.590135, 16.727321, 16.357984 ] }, { "date": "2026-03-06", "close": 17.493334, "volume": 28673, "typical_volume": 28255.5, "trend": 16.105276, "fair_value": 15.547302, "relative_strength": 9.474069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.452047, "energy": 74.237341, "activity_lines": [ 18.063768, 17.673107, 16.852953, 16.449274 ] }, { "date": "2026-03-13", "close": 17.255651, "volume": 19494, "typical_volume": 27887.5, "trend": 16.129044, "fair_value": 15.550826, "relative_strength": 8.371221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.56254, "energy": 50.287614, "activity_lines": [ 17.784889, 17.674835, 16.94395, 16.523492 ] }, { "date": "2026-03-20", "close": 16.162319, "volume": 54657, "typical_volume": 29127.1, "trend": 16.130628, "fair_value": 15.547342, "relative_strength": 6.270975, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.875094, "energy": 21.590015, "activity_lines": [ 17.176425, 17.455304, 16.924257, 16.525639 ] }, { "date": "2026-03-27", "close": 15.78203, "volume": 24439, "typical_volume": 28675.35, "trend": 16.117952, "fair_value": 15.536246, "relative_strength": 4.209402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.533281, "energy": 21.460031, "activity_lines": [ 16.593314, 17.165766, 16.866308, 16.503149 ] }, { "date": "2026-04-03", "close": 16.162319, "volume": 12904, "typical_volume": 27955.45, "trend": 16.122706, "fair_value": 15.527071, "relative_strength": 2.794251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.742054, "energy": 25.801832, "activity_lines": [ 16.295421, 16.950556, 16.841634, 16.506011 ] }, { "date": "2026-04-10", "close": 16.780291, "volume": 11127, "typical_volume": 27851.6, "trend": 16.146474, "fair_value": 15.522375, "relative_strength": 3.995603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.107309, "energy": 21.072685, "activity_lines": [ 16.365141, 16.857212, 16.870609, 16.548436 ] }, { "date": "2026-04-17", "close": 16.970436, "volume": 10225, "typical_volume": 27771.2, "trend": 16.187672, "fair_value": 15.514759, "relative_strength": 1.423548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.091017, "energy": 16.093825, "activity_lines": [ 16.545779, 16.804491, 16.908412, 16.601595 ] }, { "date": "2026-04-24", "close": 16.352465, "volume": 19390, "typical_volume": 27243.35, "trend": 16.219363, "fair_value": 15.514384, "relative_strength": 0.086197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.138114, "energy": 8.202856, "activity_lines": [ 16.539441, 16.654103, 16.87989, 16.612227 ] }, { "date": "2026-05-01", "close": 16.637682, "volume": 27096, "typical_volume": 27802.35, "trend": 16.270068, "fair_value": 15.512559, "relative_strength": 1.18934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.0081, "energy": 11.260759, "activity_lines": [ 16.615499, 16.593603, 16.873099, 16.639215 ] }, { "date": "2026-05-08", "close": 16.4, "volume": 18441, "typical_volume": 27571.25, "trend": 16.31602, "fair_value": 15.51003, "relative_strength": -0.429186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.146332, "energy": 9.661998, "activity_lines": [ 16.555286, 16.517545, 16.83756, 16.647598 ] }, { "date": "2026-05-15", "close": 16.6, "volume": 30171, "typical_volume": 28648.3, "trend": 16.370223, "fair_value": 15.508783, "relative_strength": 2.310277, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.566527, "energy": 12.484971, "activity_lines": [ 16.545894, 16.517608, 16.816768, 16.665919 ] }, { "date": "2026-05-22", "close": 16.15, "volume": 24480, "typical_volume": 29386.0, "trend": 16.379319, "fair_value": 15.504925, "relative_strength": -4.151853, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.244891, "energy": 8.812773, "activity_lines": [ 16.398522, 16.452095, 16.747412, 16.651711 ] }, { "date": "2026-05-29", "close": 16.049999, "volume": 13672, "typical_volume": 28771.95, "trend": 16.389836, "fair_value": 15.506163, "relative_strength": -5.516241, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.557784, "energy": 24.158021, "activity_lines": [ 16.272512, 16.388503, 16.667913, 16.630465 ] }, { "date": "2026-06-05", "close": 16.15, "volume": 674, "typical_volume": 26545.6, "trend": 16.422701, "fair_value": 15.505857, "relative_strength": -3.527915, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.123309, "energy": 27.990972, "activity_lines": [ 16.2, 16.345136, 16.598245, 16.614991 ] }, { "date": "2026-06-12", "close": 15.8, "volume": 486, "typical_volume": 25522.1, "trend": 16.447068, "fair_value": 15.502761, "relative_strength": -4.993122, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.363999, "energy": 42.728013, "activity_lines": [ 16.043333, 16.231441, 16.49485, 16.574817 ] }, { "date": "2026-06-19", "close": 16.049999, "volume": 2152, "typical_volume": 23356.8, "trend": 16.487691, "fair_value": 15.505912, "relative_strength": -4.741787, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.301068, "energy": 41.469666, "activity_lines": [ 16.01, 16.169789, 16.41948, 16.5492 ] }, { "date": "2026-06-26", "close": 15.95, "volume": 1727, "typical_volume": 20122.65, "trend": 16.505966, "fair_value": 15.510335, "relative_strength": -3.954015, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -31.29618, "energy": 43.107119, "activity_lines": [ 15.98, 16.103233, 16.339649, 16.51451 ] }, { "date": "2026-07-03", "close": 15.75, "volume": 1916, "typical_volume": 18249.3, "trend": 16.523913, "fair_value": 15.510744, "relative_strength": -8.952872, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.289493, "energy": 60.613611, "activity_lines": [ 15.896666, 16.018867, 16.249477, 16.465738 ] }, { "date": "2026-07-10", "close": 15.45, "volume": 23275, "typical_volume": 18734.8, "trend": 16.527106, "fair_value": 15.50841, "relative_strength": -7.914111, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.512119, "energy": 64.455753, "activity_lines": [ 15.733333, 15.890909, 16.143563, 16.396453 ] }, { "date": "2026-07-17", "close": 15.55, "volume": 12338, "typical_volume": 16866.85, "trend": 16.528879, "fair_value": 15.511635, "relative_strength": -6.225811, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.744762, "energy": 61.712813, "activity_lines": [ 15.65, 15.802727, 16.060071, 16.333414 ] }, { "date": "2026-07-24", "close": 15.7, "volume": 19711, "typical_volume": 16418.75, "trend": 16.538821, "fair_value": 15.509537, "relative_strength": -6.118272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.772349, "energy": 54.987204, "activity_lines": [ 15.633333, 15.757273, 16.005326, 16.279938 ] }, { "date": "2026-07-31", "close": 15.6, "volume": 27683, "typical_volume": 16828.2, "trend": 16.524831, "fair_value": 15.507618, "relative_strength": -8.393796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.827894, "energy": 46.783576, "activity_lines": [ 15.606667, 15.71, 15.949596, 16.219369 ] }, { "date": "2026-08-07", "close": 15.45, "volume": 21900, "typical_volume": 15190.35, "trend": 16.502672, "fair_value": 15.505557, "relative_strength": -11.388361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.158657, "energy": 43.113025, "activity_lines": [ 15.553333, 15.645454, 15.887465, 16.150025 ] } ], "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." } } }