{ "ticker": { "uuid": "c2d429fc-a2ee-47d4-8cc7-8792e23d0792", "symbol": "BATRK", "name": "Atlanta Braves Holdings, Inc. Series C Common Stock", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 37.381, "architecture_energy": 24.051, "architecture_maturity": 54.513, "architecture_confidence": 81.917, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.37, "rotation_up": 27.45, "upward_expansion": 55.82, "deceleration": 90.85, "rotation_down": 26.98, "downward_expansion": 19.49 }, "activity_lines": [ 50.597333, 50.961273, 50.466429, 49.016968 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 50.06, "trend_reference": 46.789, "distance_from_trend": 0.06991, "trend_direction": "Improving", "fair_value": 41.139295, "distance_from_fair_value": 0.216841, "fair_value_direction": "Weakening", "relative_strength": -0.544388, "relative_strength_direction": "Improving", "price_momentum": 0.279325, "excess_performance": 0.091872, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06991, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.089814, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.216841, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.045573, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005444, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006664, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.279325, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.913948, "read": "Supply-led" } ], "volume": { "latest": 3835206, "relative_activity": 1.718636, "balance": 0.913948, "dry_up": 1.110389, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.047197, "annualized_volatility": 0.22009, "from_high_reference": -0.059906, "from_low_reference": 0.325742 }, "levels": { "trend_reference": 46.789, "fair_value_reference": 41.139295, "structural_low": 38.84, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.021777, "positive_rate": 0.272727, "directional_follow_through": 0.272727, "median_excess_return": -0.0212, "regime_survival": 0.545455, "best_return": 0.128525, "worst_return": -0.044233, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.012911, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.069367, "regime_survival": 0.166667, "best_return": 0.067073, "worst_return": -0.119508, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.017073, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.045007, "regime_survival": 0.0, "best_return": 0.062427, "worst_return": -0.124093, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.12921, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.088359, "regime_survival": 0.0, "best_return": 0.169811, "worst_return": 0.038482, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-09-13", "tenure": "Developing", "return": -0.0352, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-20", "end": "2024-10-11", "tenure": "New", "return": -0.044364, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.015492, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-12-20", "tenure": "Developing", "return": -0.046668, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-21", "tenure": "Developing", "return": 0.049563, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-05-23", "tenure": "Established", "return": 0.000248, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-08-08", "tenure": "Developing", "return": 0.077567, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-09-26", "tenure": "Developing", "return": -0.066469, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": -0.057004, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-01-16", "tenure": "Developing", "return": 0.035936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": 0.089417, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.051018, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-27", "end": "2026-07-31", "tenure": "Established", "return": 0.223935, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 36.96, "volume": 1096237, "typical_volume": 957050.95, "trend": 36.492333, "fair_value": 28.812596, "relative_strength": -6.267833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.456323, "energy": 12.724483, "activity_lines": [ 38.174, 38.728909, 38.511238, 37.651806 ] }, { "date": "2023-08-25", "close": 36.09, "volume": 963363, "typical_volume": 990899.75, "trend": 36.543333, "fair_value": 28.916827, "relative_strength": -10.10193, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.579492, "energy": 10.181838, "activity_lines": [ 37.404, 38.197818, 38.33181, 37.625849 ] }, { "date": "2023-09-01", "close": 36.59, "volume": 1037760, "typical_volume": 1020428.35, "trend": 36.598333, "fair_value": 29.027981, "relative_strength": -12.179054, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.424121, "energy": 15.415301, "activity_lines": [ 36.926667, 37.823818, 38.193857, 37.62886 ] }, { "date": "2023-09-08", "close": 36.05, "volume": 762511, "typical_volume": 1037796.75, "trend": 36.679667, "fair_value": 29.139519, "relative_strength": -12.351348, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.033711, "energy": 24.253734, "activity_lines": [ 36.466667, 37.388364, 37.997, 37.593484 ] }, { "date": "2023-09-15", "close": 35.82, "volume": 1244717, "typical_volume": 1035810.8, "trend": 36.743, "fair_value": 29.239199, "relative_strength": -12.456608, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.329388, "energy": 34.826067, "activity_lines": [ 36.147333, 36.976, 37.774714, 37.538022 ] }, { "date": "2023-09-22", "close": 37.04, "volume": 877924, "typical_volume": 1056636.8, "trend": 36.869667, "fair_value": 29.346571, "relative_strength": -6.437558, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.957854, "energy": 24.913322, "activity_lines": [ 36.393333, 36.844727, 37.679095, 37.557183 ] }, { "date": "2023-09-29", "close": 35.73, "volume": 1140366, "typical_volume": 1092263.6, "trend": 36.912667, "fair_value": 29.442853, "relative_strength": -9.776607, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.284979, "energy": 24.085828, "activity_lines": [ 36.197333, 36.548545, 37.465857, 37.483656 ] }, { "date": "2023-10-06", "close": 37.49, "volume": 1379974, "typical_volume": 1135187.1, "trend": 37.083667, "fair_value": 29.540673, "relative_strength": -6.955725, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.329313, "energy": 13.787537, "activity_lines": [ 36.612, 36.613273, 37.432, 37.520903 ] }, { "date": "2023-10-13", "close": 36.48, "volume": 641573, "typical_volume": 1140718.5, "trend": 37.231333, "fair_value": 29.643109, "relative_strength": -9.382216, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.604436, "energy": 8.510661, "activity_lines": [ 36.63, 36.531818, 37.302429, 37.481957 ] }, { "date": "2023-10-20", "close": 35.27, "volume": 1046393, "typical_volume": 1164034.2, "trend": 37.324333, "fair_value": 29.728269, "relative_strength": -9.567974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.400449, "energy": 28.556029, "activity_lines": [ 36.216, 36.281818, 37.059762, 37.355419 ] }, { "date": "2023-10-27", "close": 34.38, "volume": 1044647, "typical_volume": 1185111.85, "trend": 37.347333, "fair_value": 29.817436, "relative_strength": -9.243732, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.501778, "energy": 57.196722, "activity_lines": [ 35.542, 35.923273, 36.739381, 37.165462 ] }, { "date": "2023-11-03", "close": 35.89, "volume": 1019234, "typical_volume": 1202808.45, "trend": 37.383667, "fair_value": 29.910385, "relative_strength": -10.754108, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.681959, "energy": 56.310538, "activity_lines": [ 35.548667, 35.886182, 36.581048, 37.071441 ] }, { "date": "2023-11-10", "close": 34.23, "volume": 1648663, "typical_volume": 1265393.4, "trend": 37.357333, "fair_value": 29.972756, "relative_strength": -17.070924, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.464405, "energy": 67.782807, "activity_lines": [ 34.991333, 35.550909, 36.282905, 36.867978 ] }, { "date": "2023-11-17", "close": 36.23, "volume": 1114242, "typical_volume": 1296059.9, "trend": 37.388, "fair_value": 30.050321, "relative_strength": -13.605774, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.910368, "energy": 48.576734, "activity_lines": [ 35.318, 35.622182, 36.196095, 36.795247 ] }, { "date": "2023-11-24", "close": 36.16, "volume": 1026352, "typical_volume": 1334272.6, "trend": 37.326, "fair_value": 30.115769, "relative_strength": -14.186138, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.628102, "energy": 28.011108, "activity_lines": [ 35.638, 35.677455, 36.118762, 36.716022 ] }, { "date": "2023-12-01", "close": 36.31, "volume": 1302136, "typical_volume": 1362803.6, "trend": 37.251667, "fair_value": 30.173462, "relative_strength": -13.597823, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.213069, "energy": 20.23383, "activity_lines": [ 35.948667, 35.753818, 36.069619, 36.650473 ] }, { "date": "2023-12-08", "close": 37.16, "volume": 968570, "typical_volume": 1281625.2, "trend": 37.217, "fair_value": 30.246731, "relative_strength": -11.742579, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.836868, "energy": 16.108221, "activity_lines": [ 36.414, 35.998, 36.124095, 36.644559 ] }, { "date": "2023-12-15", "close": 38.13, "volume": 1702531, "typical_volume": 1166301.55, "trend": 37.235, "fair_value": 30.330897, "relative_strength": -11.998343, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.068131, "energy": 14.954213, "activity_lines": [ 37.118, 36.392545, 36.274857, 36.703462 ] }, { "date": "2023-12-22", "close": 39.3, "volume": 1168186, "typical_volume": 1145237.4, "trend": 37.314, "fair_value": 30.423205, "relative_strength": -9.735974, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.760608, "energy": 39.032394, "activity_lines": [ 37.952, 36.988182, 36.54381, 36.836688 ] }, { "date": "2023-12-29", "close": 39.58, "volume": 432332, "typical_volume": 1080885.55, "trend": 37.408333, "fair_value": 30.517436, "relative_strength": -8.979558, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.970069, "energy": 56.40804, "activity_lines": [ 38.674667, 37.583455, 36.839476, 36.982882 ] }, { "date": "2024-01-05", "close": 39.06, "volume": 640089, "typical_volume": 1058078.15, "trend": 37.436667, "fair_value": 30.601282, "relative_strength": -6.796228, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.146999, "energy": 58.080427, "activity_lines": [ 38.996, 38.005818, 37.079048, 37.089441 ] }, { "date": "2024-01-12", "close": 39.5, "volume": 1112759, "typical_volume": 1065547.95, "trend": 37.429, "fair_value": 30.690897, "relative_strength": -8.21059, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.533322, "energy": 64.142698, "activity_lines": [ 39.280667, 38.423091, 37.350524, 37.222559 ] }, { "date": "2024-01-19", "close": 39.59, "volume": 864662, "typical_volume": 1056893.05, "trend": 37.461667, "fair_value": 30.779679, "relative_strength": -10.06701, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.347581, "energy": 60.962438, "activity_lines": [ 39.439333, 38.791091, 37.614333, 37.361978 ] }, { "date": "2024-01-26", "close": 40.3, "volume": 890815, "typical_volume": 1063308.25, "trend": 37.484333, "fair_value": 30.866346, "relative_strength": -8.646275, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.859137, "energy": 67.089566, "activity_lines": [ 39.737333, 39.190727, 37.931476, 37.545097 ] }, { "date": "2024-02-02", "close": 40.17, "volume": 774272, "typical_volume": 1039786.0, "trend": 37.520667, "fair_value": 30.939744, "relative_strength": -9.689811, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.491145, "energy": 64.863713, "activity_lines": [ 39.925333, 39.492727, 38.216, 37.718366 ] }, { "date": "2024-02-09", "close": 40.56, "volume": 648931, "typical_volume": 1028336.35, "trend": 37.503667, "fair_value": 31.017051, "relative_strength": -10.155287, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.91542, "energy": 67.091843, "activity_lines": [ 40.204, 39.792727, 38.516952, 37.914452 ] }, { "date": "2024-02-16", "close": 40.15, "volume": 853745, "typical_volume": 1014005.3, "trend": 37.576, "fair_value": 31.091474, "relative_strength": -9.384901, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.231527, "energy": 58.43371, "activity_lines": [ 40.246, 39.940909, 38.762095, 38.085183 ] }, { "date": "2024-02-23", "close": 39.18, "volume": 754277, "typical_volume": 982720.45, "trend": 37.563667, "fair_value": 31.158077, "relative_strength": -12.422525, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.451666, "energy": 42.326683, "activity_lines": [ 39.921333, 39.858364, 38.89381, 38.188667 ] }, { "date": "2024-03-01", "close": 38.89, "volume": 969689, "typical_volume": 999126.25, "trend": 37.549667, "fair_value": 31.216538, "relative_strength": -14.335849, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.325063, "energy": 29.149935, "activity_lines": [ 39.527333, 39.704, 38.989857, 38.274237 ] }, { "date": "2024-03-08", "close": 38.46, "volume": 763994, "typical_volume": 985006.3, "trend": 37.558333, "fair_value": 31.262692, "relative_strength": -13.598469, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.117736, "energy": 21.568941, "activity_lines": [ 39.084, 39.478909, 39.033476, 38.332968 ] }, { "date": "2024-03-15", "close": 38.21, "volume": 725862, "typical_volume": 969067.05, "trend": 37.6, "fair_value": 31.317051, "relative_strength": -12.859906, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.021262, "energy": 22.163556, "activity_lines": [ 38.671333, 39.228727, 39.038095, 38.375011 ] }, { "date": "2024-03-22", "close": 37.98, "volume": 1117152, "typical_volume": 973962.95, "trend": 37.663, "fair_value": 31.377308, "relative_strength": -15.590163, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.77566, "energy": 16.658981, "activity_lines": [ 38.338667, 38.952182, 39.002571, 38.399527 ] }, { "date": "2024-03-29", "close": 39.06, "volume": 935765, "typical_volume": 938318.05, "trend": 37.745333, "fair_value": 31.445, "relative_strength": -12.430725, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.861367, "energy": 15.904463, "activity_lines": [ 38.510667, 38.899636, 39.059952, 38.489656 ] }, { "date": "2024-04-05", "close": 39.45, "volume": 816699, "typical_volume": 923440.9, "trend": 37.858667, "fair_value": 31.5125, "relative_strength": -10.492899, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.321853, "energy": 13.483102, "activity_lines": [ 38.820667, 38.927636, 39.131476, 38.599634 ] }, { "date": "2024-04-12", "close": 38.53, "volume": 649410, "typical_volume": 904593.8, "trend": 37.949, "fair_value": 31.578397, "relative_strength": -11.755654, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.865632, "energy": 7.754368, "activity_lines": [ 38.786667, 38.803818, 39.100048, 38.642946 ] }, { "date": "2024-04-19", "close": 37.28, "volume": 678544, "typical_volume": 873414.2, "trend": 37.957, "fair_value": 31.635192, "relative_strength": -9.363626, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.79104, "energy": 6.867809, "activity_lines": [ 38.331333, 38.482545, 38.938286, 38.599785 ] }, { "date": "2024-04-26", "close": 38.19, "volume": 623410, "typical_volume": 856156.2, "trend": 38.039, "fair_value": 31.7025, "relative_strength": -10.150033, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.600016, "energy": 10.533323, "activity_lines": [ 38.241333, 38.386364, 38.858571, 38.614817 ] }, { "date": "2024-05-03", "close": 38.79, "volume": 832095, "typical_volume": 812634.4, "trend": 38.082333, "fair_value": 31.773846, "relative_strength": -9.126486, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.645304, "energy": 12.176444, "activity_lines": [ 38.337333, 38.434909, 38.831095, 38.663269 ] }, { "date": "2024-05-10", "close": 38.61, "volume": 763149, "typical_volume": 792382.55, "trend": 38.153333, "fair_value": 31.848013, "relative_strength": -10.349816, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.514733, "energy": 10.268522, "activity_lines": [ 38.391333, 38.457818, 38.783333, 38.697312 ] }, { "date": "2024-05-17", "close": 39.33, "volume": 883976, "typical_volume": 814964.75, "trend": 38.288667, "fair_value": 31.927692, "relative_strength": -10.188721, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.322316, "energy": 15.220923, "activity_lines": [ 38.741333, 38.616727, 38.807429, 38.773226 ] }, { "date": "2024-05-24", "close": 38.93, "volume": 922874, "typical_volume": 829104.0, "trend": 38.440333, "fair_value": 32.001923, "relative_strength": -11.924651, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.76369, "energy": 13.633181, "activity_lines": [ 38.904667, 38.687091, 38.794619, 38.814602 ] }, { "date": "2024-05-31", "close": 39.97, "volume": 1153807, "typical_volume": 831156.4, "trend": 38.576333, "fair_value": 32.088397, "relative_strength": -7.832095, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.757843, "energy": 26.425106, "activity_lines": [ 39.304667, 38.933455, 38.881476, 38.91329 ] }, { "date": "2024-06-07", "close": 39.82, "volume": 992742, "typical_volume": 837560.4, "trend": 38.762667, "fair_value": 32.170321, "relative_strength": -10.203937, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.492463, "energy": 34.498803, "activity_lines": [ 39.536, 39.116364, 38.95181, 38.993527 ] }, { "date": "2024-06-14", "close": 39.53, "volume": 714486, "typical_volume": 828743.95, "trend": 38.872667, "fair_value": 32.257885, "relative_strength": -13.421544, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.020375, "energy": 36.9267, "activity_lines": [ 39.602, 39.232727, 38.993429, 39.043032 ] }, { "date": "2024-06-21", "close": 38.42, "volume": 833907, "typical_volume": 831725.7, "trend": 38.948, "fair_value": 32.329359, "relative_strength": -15.565182, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.388849, "energy": 12.684836, "activity_lines": [ 39.236667, 39.145818, 38.933, 39.013828 ] }, { "date": "2024-06-28", "close": 39.44, "volume": 2344193, "typical_volume": 916488.8, "trend": 39.052333, "fair_value": 32.405256, "relative_strength": -12.815873, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.273029, "energy": 7.5038, "activity_lines": [ 39.272, 39.246364, 38.978048, 39.04557 ] }, { "date": "2024-07-05", "close": 40.14, "volume": 762113, "typical_volume": 911907.2, "trend": 39.151667, "fair_value": 32.487628, "relative_strength": -13.851963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.129416, "energy": 11.079176, "activity_lines": [ 39.506667, 39.434909, 39.095095, 39.115742 ] }, { "date": "2024-07-12", "close": 41.75, "volume": 1304598, "typical_volume": 939423.25, "trend": 39.272333, "fair_value": 32.582692, "relative_strength": -9.696865, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.057399, "energy": 44.863012, "activity_lines": [ 40.266667, 39.880727, 39.365524, 39.283376 ] }, { "date": "2024-07-19", "close": 42.33, "volume": 1441593, "typical_volume": 963018.45, "trend": 39.373333, "fair_value": 32.681154, "relative_strength": -4.41959, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.962576, "energy": 68.002625, "activity_lines": [ 41.091333, 40.378182, 39.678952, 39.480645 ] }, { "date": "2024-07-26", "close": 42.74, "volume": 1018748, "typical_volume": 975756.15, "trend": 39.478667, "fair_value": 32.785577, "relative_strength": -0.699883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.14061, "energy": 75.116256, "activity_lines": [ 41.866, 40.882545, 40.015048, 39.697849 ] }, { "date": "2024-08-02", "close": 42.21, "volume": 1174483, "typical_volume": 998187.2, "trend": 39.583667, "fair_value": 32.888397, "relative_strength": 1.435023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.367227, "energy": 73.20701, "activity_lines": [ 42.176, 41.228545, 40.280286, 39.874065 ] }, { "date": "2024-08-09", "close": 42.06, "volume": 1260423, "typical_volume": 1005350.75, "trend": 39.669, "fair_value": 32.991218, "relative_strength": 0.945747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.542535, "energy": 67.860809, "activity_lines": [ 42.251333, 41.487636, 40.51219, 40.033828 ] }, { "date": "2024-08-16", "close": 41.9, "volume": 755810, "typical_volume": 996353.0, "trend": 39.746, "fair_value": 33.097244, "relative_strength": -4.337786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.54017, "energy": 52.68758, "activity_lines": [ 42.145333, 41.679636, 40.709429, 40.177763 ] }, { "date": "2024-08-23", "close": 43.74, "volume": 901619, "typical_volume": 1000599.0, "trend": 39.860667, "fair_value": 33.209872, "relative_strength": -0.991173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.468739, "energy": 50.834097, "activity_lines": [ 42.642667, 42.168364, 41.068381, 40.435441 ] }, { "date": "2024-08-30", "close": 42.88, "volume": 1117728, "typical_volume": 1024014.9, "trend": 39.951, "fair_value": 33.32109, "relative_strength": -2.023337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.743193, "energy": 44.859388, "activity_lines": [ 42.759333, 42.424182, 41.325, 40.630237 ] }, { "date": "2024-09-06", "close": 40.54, "volume": 1343430, "typical_volume": 1057259.2, "trend": 39.950333, "fair_value": 33.417756, "relative_strength": -1.530483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.73168, "energy": 28.882827, "activity_lines": [ 42.086667, 42.173455, 41.338048, 40.668237 ] }, { "date": "2024-09-13", "close": 40.84, "volume": 1479249, "typical_volume": 1100051.15, "trend": 39.973333, "fair_value": 33.513141, "relative_strength": -6.140117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.789609, "energy": 22.487978, "activity_lines": [ 41.625333, 41.957273, 41.364143, 40.725634 ] }, { "date": "2024-09-20", "close": 41.25, "volume": 1514512, "typical_volume": 1134172.0, "trend": 40.042333, "fair_value": 33.606923, "relative_strength": -6.2276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.064483, "energy": 19.187496, "activity_lines": [ 41.382, 41.802909, 41.416667, 40.808 ] }, { "date": "2024-09-27", "close": 40.32, "volume": 2361799, "typical_volume": 1214104.5, "trend": 40.09, "fair_value": 33.690128, "relative_strength": -8.94338, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.474732, "energy": 18.933593, "activity_lines": [ 40.872, 41.488545, 41.368905, 40.825914 ] }, { "date": "2024-10-04", "close": 39.49, "volume": 2288465, "typical_volume": 1284328.95, "trend": 40.124333, "fair_value": 33.774872, "relative_strength": -10.497064, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.837874, "energy": 17.055662, "activity_lines": [ 40.313333, 41.059818, 41.233952, 40.787204 ] }, { "date": "2024-10-11", "close": 39.42, "volume": 1486128, "typical_volume": 1312491.65, "trend": 40.164667, "fair_value": 33.856026, "relative_strength": -11.360714, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.06664, "energy": 28.257549, "activity_lines": [ 39.957333, 40.677455, 41.091571, 40.741763 ] }, { "date": "2024-10-18", "close": 40.02, "volume": 1425493, "typical_volume": 1326075.95, "trend": 40.232667, "fair_value": 33.932564, "relative_strength": -9.844089, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.485314, "energy": 31.809208, "activity_lines": [ 39.876, 40.454909, 41.004, 40.73243 ] }, { "date": "2024-10-25", "close": 40.05, "volume": 1197569, "typical_volume": 1336317.3, "trend": 40.265667, "fair_value": 33.998782, "relative_strength": -9.555706, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.190608, "energy": 34.751443, "activity_lines": [ 39.859333, 40.274909, 40.919048, 40.720645 ] }, { "date": "2024-11-01", "close": 40.21, "volume": 1482541, "typical_volume": 1374720.05, "trend": 40.291, "fair_value": 34.063013, "relative_strength": -7.410255, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.396437, "energy": 20.843203, "activity_lines": [ 39.976, 40.157636, 40.848238, 40.717054 ] }, { "date": "2024-11-08", "close": 40.64, "volume": 1915695, "typical_volume": 1428809.45, "trend": 40.361333, "fair_value": 34.126795, "relative_strength": -11.050567, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.489127, "energy": 5.72266, "activity_lines": [ 40.243333, 40.182727, 40.815143, 40.73957 ] }, { "date": "2024-11-15", "close": 40.07, "volume": 1566398, "typical_volume": 1389919.7, "trend": 40.454333, "fair_value": 34.189359, "relative_strength": -8.923025, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.215758, "energy": 7.067717, "activity_lines": [ 40.244, 40.144909, 40.71719, 40.720774 ] }, { "date": "2024-11-22", "close": 40.19, "volume": 1714286, "typical_volume": 1437528.35, "trend": 40.521, "fair_value": 34.264103, "relative_strength": -10.041915, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.250927, "energy": 5.352774, "activity_lines": [ 40.241333, 40.137455, 40.627667, 40.70372 ] }, { "date": "2024-11-29", "close": 40.35, "volume": 901555, "typical_volume": 1417376.2, "trend": 40.573, "fair_value": 34.345449, "relative_strength": -10.097952, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.507347, "energy": 4.686648, "activity_lines": [ 40.280667, 40.170909, 40.553143, 40.692688 ] }, { "date": "2024-12-06", "close": 40.96, "volume": 1486509, "typical_volume": 1419622.0, "trend": 40.651333, "fair_value": 34.428782, "relative_strength": -11.299545, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.54229, "energy": 3.235302, "activity_lines": [ 40.503333, 40.331636, 40.543381, 40.717656 ] }, { "date": "2024-12-13", "close": 39.39, "volume": 1174858, "typical_volume": 1427427.5, "trend": 40.653333, "fair_value": 34.504615, "relative_strength": -14.969048, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.784461, "energy": 23.163863, "activity_lines": [ 40.152667, 40.195273, 40.390619, 40.63628 ] }, { "date": "2024-12-20", "close": 38.2, "volume": 1365849, "typical_volume": 1436995.8, "trend": 40.629, "fair_value": 34.568654, "relative_strength": -15.220296, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.038212, "energy": 45.480619, "activity_lines": [ 39.488667, 39.844364, 40.140476, 40.478 ] }, { "date": "2024-12-27", "close": 37.73, "volume": 601735, "typical_volume": 1404061.4, "trend": 40.554333, "fair_value": 34.630385, "relative_strength": -16.559394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.379554, "energy": 62.551802, "activity_lines": [ 38.792667, 39.430182, 39.864667, 40.290968 ] }, { "date": "2025-01-03", "close": 37.71, "volume": 1136153, "typical_volume": 1423078.55, "trend": 40.484, "fair_value": 34.695897, "relative_strength": -15.469201, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.663155, "energy": 70.323098, "activity_lines": [ 38.254, 39.054, 39.607571, 40.107462 ] }, { "date": "2025-01-10", "close": 36.1, "volume": 932963, "typical_volume": 1424645.75, "trend": 40.369667, "fair_value": 34.75641, "relative_strength": -16.780192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.419197, "energy": 79.858284, "activity_lines": [ 37.354667, 38.427636, 39.217095, 39.824624 ] }, { "date": "2025-01-17", "close": 37.58, "volume": 1195501, "typical_volume": 1428534.4, "trend": 40.341667, "fair_value": 34.833397, "relative_strength": -15.355613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.470648, "energy": 71.804758, "activity_lines": [ 37.272667, 38.145091, 39.003952, 39.644645 ] }, { "date": "2025-01-24", "close": 37.91, "volume": 960549, "typical_volume": 1409390.35, "trend": 40.290667, "fair_value": 34.907692, "relative_strength": -15.424205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.733083, "energy": 60.465409, "activity_lines": [ 37.421333, 37.978182, 38.847476, 39.487763 ] }, { "date": "2025-01-31", "close": 38.75, "volume": 1971715, "typical_volume": 1434013.65, "trend": 40.244333, "fair_value": 34.993013, "relative_strength": -11.935124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.57772, "energy": 39.309983, "activity_lines": [ 37.869333, 38.003273, 38.783524, 39.388366 ] }, { "date": "2025-02-07", "close": 39.64, "volume": 2081900, "typical_volume": 1462383.05, "trend": 40.174, "fair_value": 35.082885, "relative_strength": -9.659116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.897624, "energy": 17.500796, "activity_lines": [ 38.546, 38.216364, 38.814286, 39.349376 ] }, { "date": "2025-02-14", "close": 39.96, "volume": 1329889, "typical_volume": 1410787.55, "trend": 40.095, "fair_value": 35.174103, "relative_strength": -11.108956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.792669, "energy": 18.932126, "activity_lines": [ 39.200667, 38.500545, 38.88319, 39.33557 ] }, { "date": "2025-02-21", "close": 39.6, "volume": 949698, "typical_volume": 1343849.2, "trend": 39.990333, "fair_value": 35.266859, "relative_strength": -9.577282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.137527, "energy": 22.023744, "activity_lines": [ 39.478, 38.737455, 38.919524, 39.303634 ] }, { "date": "2025-02-28", "close": 40.37, "volume": 1439249, "typical_volume": 1341505.25, "trend": 39.929, "fair_value": 35.368141, "relative_strength": -4.385814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.156629, "energy": 20.70315, "activity_lines": [ 39.877333, 39.110545, 39.028667, 39.328129 ] }, { "date": "2025-03-07", "close": 39.94, "volume": 1640138, "typical_volume": 1352237.5, "trend": 39.858333, "fair_value": 35.458462, "relative_strength": -2.096972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.059521, "energy": 22.540452, "activity_lines": [ 39.969333, 39.366, 39.092333, 39.328839 ] }, { "date": "2025-03-14", "close": 38.48, "volume": 1610204, "typical_volume": 1372869.25, "trend": 39.744333, "fair_value": 35.536218, "relative_strength": -3.102751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.25961, "energy": 13.543684, "activity_lines": [ 39.495333, 39.315818, 39.017333, 39.239914 ] }, { "date": "2025-03-21", "close": 39.38, "volume": 1112143, "typical_volume": 1354349.35, "trend": 39.599, "fair_value": 35.610833, "relative_strength": -0.997503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.773266, "energy": 11.986764, "activity_lines": [ 39.398667, 39.415273, 39.035524, 39.216409 ] }, { "date": "2025-03-28", "close": 40.05, "volume": 1600961, "typical_volume": 1338612.65, "trend": 39.504667, "fair_value": 35.688782, "relative_strength": 3.165832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.80419, "energy": 4.813729, "activity_lines": [ 39.564, 39.576909, 39.121476, 39.245505 ] }, { "date": "2025-04-04", "close": 37.25, "volume": 1491102, "typical_volume": 1334847.85, "trend": 39.395, "fair_value": 35.758205, "relative_strength": 6.506237, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.358289, "energy": 26.013429, "activity_lines": [ 38.766, 39.184545, 38.943571, 39.100043 ] }, { "date": "2025-04-11", "close": 37.93, "volume": 2467541, "typical_volume": 1372510.6, "trend": 39.298, "fair_value": 35.831218, "relative_strength": 0.994372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.501962, "energy": 25.508454, "activity_lines": [ 38.402667, 38.927818, 38.843857, 39.005527 ] }, { "date": "2025-04-18", "close": 38.69, "volume": 1023570, "typical_volume": 1378611.35, "trend": 39.212667, "fair_value": 35.911667, "relative_strength": 5.4891, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.142439, "energy": 28.720232, "activity_lines": [ 38.426667, 38.824182, 38.827286, 38.966301 ] }, { "date": "2025-04-25", "close": 39.25, "volume": 1070519, "typical_volume": 1357811.85, "trend": 39.177, "fair_value": 36.002308, "relative_strength": 0.713676, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.230913, "energy": 23.239641, "activity_lines": [ 38.623333, 38.839636, 38.871952, 38.96871 ] }, { "date": "2025-05-02", "close": 40.28, "volume": 1367483, "typical_volume": 1367443.1, "trend": 39.203333, "fair_value": 36.102179, "relative_strength": 0.084909, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.471856, "energy": 2.68773, "activity_lines": [ 39.172, 39.055273, 39.022857, 39.039871 ] }, { "date": "2025-05-09", "close": 40.5, "volume": 1328775, "typical_volume": 1365589.4, "trend": 39.239333, "fair_value": 36.202115, "relative_strength": 0.923823, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.264377, "energy": 22.955004, "activity_lines": [ 39.778667, 39.298545, 39.190476, 39.123527 ] }, { "date": "2025-05-16", "close": 41.32, "volume": 1540089, "typical_volume": 1412507.1, "trend": 39.282667, "fair_value": 36.305705, "relative_strength": -3.466285, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.978806, "energy": 44.819537, "activity_lines": [ 40.442, 39.688545, 39.425238, 39.257763 ] }, { "date": "2025-05-23", "close": 40.38, "volume": 1159560, "typical_volume": 1413677.45, "trend": 39.293667, "fair_value": 36.404487, "relative_strength": -3.24806, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.220453, "energy": 55.29294, "activity_lines": [ 40.566, 39.882545, 39.553381, 39.328559 ] }, { "date": "2025-05-30", "close": 40.61, "volume": 787154, "typical_volume": 1406387.0, "trend": 39.307, "fair_value": 36.500256, "relative_strength": -4.300212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.35995, "energy": 56.64396, "activity_lines": [ 40.654, 40.083818, 39.690714, 39.413484 ] }, { "date": "2025-06-06", "close": 40.87, "volume": 954949, "typical_volume": 1394359.4, "trend": 39.314667, "fair_value": 36.599231, "relative_strength": -5.442902, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.226628, "energy": 52.20191, "activity_lines": [ 40.738, 40.31, 39.831333, 39.514323 ] }, { "date": "2025-06-13", "close": 42.51, "volume": 1852036, "typical_volume": 1438933.75, "trend": 39.396, "fair_value": 36.716987, "relative_strength": -1.041902, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.588519, "energy": 55.809296, "activity_lines": [ 41.329333, 40.819455, 40.112476, 39.720473 ] }, { "date": "2025-06-20", "close": 45.99, "volume": 2182713, "typical_volume": 1449483.65, "trend": 39.589333, "fair_value": 36.858013, "relative_strength": 6.91408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.889693, "energy": 80.643991, "activity_lines": [ 42.946667, 41.866, 40.703143, 40.145892 ] }, { "date": "2025-06-27", "close": 46.78, "volume": 2528738, "typical_volume": 1471825.55, "trend": 39.803667, "fair_value": 37.000256, "relative_strength": 4.353011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.811869, "energy": 91.26682, "activity_lines": [ 44.516, 42.909636, 41.334571, 40.609806 ] }, { "date": "2025-07-04", "close": 46.65, "volume": 1037456, "typical_volume": 1457203.9, "trend": 39.993333, "fair_value": 37.138205, "relative_strength": 2.481331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.203727, "energy": 92.587506, "activity_lines": [ 45.615333, 43.782545, 41.919619, 41.051505 ] }, { "date": "2025-07-11", "close": 46.6, "volume": 1326503, "typical_volume": 1476044.15, "trend": 40.233667, "fair_value": 37.27, "relative_strength": 2.762969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.015501, "energy": 90.414065, "activity_lines": [ 46.295333, 44.511818, 42.468048, 41.477742 ] }, { "date": "2025-07-18", "close": 46.6, "volume": 1394279, "typical_volume": 1473795.65, "trend": 40.513667, "fair_value": 37.393269, "relative_strength": 1.626543, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.474395, "energy": 88.216458, "activity_lines": [ 46.593333, 45.126182, 42.983143, 41.888473 ] }, { "date": "2025-07-25", "close": 45.54, "volume": 1146060, "typical_volume": 1449091.75, "trend": 40.774, "fair_value": 37.507821, "relative_strength": -1.292494, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.156426, "energy": 79.699542, "activity_lines": [ 46.265333, 45.436909, 43.367619, 42.212753 ] }, { "date": "2025-08-01", "close": 44.54, "volume": 1333210, "typical_volume": 1435242.05, "trend": 41.001667, "fair_value": 37.616859, "relative_strength": -0.951631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.068191, "energy": 55.840979, "activity_lines": [ 45.634, 45.489091, 43.63019, 42.45572 ] }, { "date": "2025-08-08", "close": 43.76, "volume": 1401230, "typical_volume": 1449696.4, "trend": 41.257, "fair_value": 37.719615, "relative_strength": -5.791319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.008003, "energy": 37.425233, "activity_lines": [ 44.892, 45.323818, 43.789619, 42.633677 ] }, { "date": "2025-08-15", "close": 43.93, "volume": 1427528, "typical_volume": 1441024.75, "trend": 41.468667, "fair_value": 37.821538, "relative_strength": -5.599282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.786744, "energy": 26.834167, "activity_lines": [ 44.399333, 45.132182, 43.944381, 42.806129 ] }, { "date": "2025-08-22", "close": 44.99, "volume": 1007023, "typical_volume": 1416820.8, "trend": 41.704667, "fair_value": 37.934231, "relative_strength": -2.110742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.61349, "energy": 24.89164, "activity_lines": [ 44.438, 45.077636, 44.181619, 43.033312 ] }, { "date": "2025-08-29", "close": 44.98, "volume": 1076117, "typical_volume": 1347249.6, "trend": 41.912333, "fair_value": 38.046282, "relative_strength": -1.58807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.559564, "energy": 21.147439, "activity_lines": [ 44.580667, 44.976182, 44.381048, 43.244624 ] }, { "date": "2025-09-05", "close": 42.36, "volume": 1633056, "typical_volume": 1377723.9, "trend": 42.003, "fair_value": 38.133782, "relative_strength": -7.847893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.247493, "energy": 14.337623, "activity_lines": [ 43.887333, 44.416727, 44.297381, 43.273505 ] }, { "date": "2025-09-12", "close": 42.05, "volume": 2230968, "typical_volume": 1435746.35, "trend": 42.072667, "fair_value": 38.220833, "relative_strength": -9.855352, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.626903, "energy": 12.303564, "activity_lines": [ 43.236, 43.881273, 44.166714, 43.276538 ] }, { "date": "2025-09-19", "close": 41.22, "volume": 1690103, "typical_volume": 1451877.35, "trend": 42.126667, "fair_value": 38.313141, "relative_strength": -13.14419, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.87311, "energy": 29.559911, "activity_lines": [ 42.422, 43.278545, 43.943667, 43.221527 ] }, { "date": "2025-09-26", "close": 41.01, "volume": 1198039, "typical_volume": 1445340.55, "trend": 42.148, "fair_value": 38.399744, "relative_strength": -12.890973, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.132344, "energy": 56.677341, "activity_lines": [ 41.718667, 42.735455, 43.696143, 43.149484 ] }, { "date": "2025-10-03", "close": 41.05, "volume": 1566551, "typical_volume": 1446663.65, "trend": 42.185, "fair_value": 38.481923, "relative_strength": -13.566078, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.905484, "energy": 62.79009, "activity_lines": [ 41.294, 42.301273, 43.45, 43.078645 ] }, { "date": "2025-10-10", "close": 40.19, "volume": 1218147, "typical_volume": 1449593.0, "trend": 42.242, "fair_value": 38.550192, "relative_strength": -13.155378, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.021351, "energy": 68.383704, "activity_lines": [ 40.844667, 41.792364, 43.123238, 42.949935 ] }, { "date": "2025-10-17", "close": 39.17, "volume": 1068901, "typical_volume": 1463680.35, "trend": 42.235, "fair_value": 38.606731, "relative_strength": -17.04635, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.323228, "energy": 73.709109, "activity_lines": [ 40.2, 41.177091, 42.700238, 42.751742 ] }, { "date": "2025-10-24", "close": 39.41, "volume": 1330516, "typical_volume": 1482458.7, "trend": 42.213667, "fair_value": 38.654615, "relative_strength": -17.967736, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.266775, "energy": 71.089563, "activity_lines": [ 39.827333, 40.688909, 42.306952, 42.569484 ] }, { "date": "2025-10-31", "close": 40.72, "volume": 2204963, "typical_volume": 1500105.05, "trend": 42.329333, "fair_value": 38.721538, "relative_strength": -16.478206, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.125246, "energy": 56.61624, "activity_lines": [ 40.012, 40.521091, 42.045381, 42.473118 ] }, { "date": "2025-11-07", "close": 38.71, "volume": 1903231, "typical_volume": 1486130.95, "trend": 42.355333, "fair_value": 38.776987, "relative_strength": -17.757752, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.708923, "energy": 70.934162, "activity_lines": [ 39.546, 40.065455, 41.600905, 42.239613 ] }, { "date": "2025-11-14", "close": 38.68, "volume": 1332998, "typical_volume": 1426343.95, "trend": 42.355, "fair_value": 38.811987, "relative_strength": -17.340391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.723698, "energy": 62.359541, "activity_lines": [ 39.226, 39.718364, 41.188238, 42.002495 ] }, { "date": "2025-11-21", "close": 38.86, "volume": 1414529, "typical_volume": 1445197.6, "trend": 42.342, "fair_value": 38.848846, "relative_strength": -14.009487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.401179, "energy": 56.614722, "activity_lines": [ 39.066667, 39.470909, 40.831286, 41.777011 ] }, { "date": "2025-11-28", "close": 39.8, "volume": 985190, "typical_volume": 1428131.95, "trend": 42.326, "fair_value": 38.890833, "relative_strength": -15.755612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.64131, "energy": 50.980279, "activity_lines": [ 39.241333, 39.452364, 40.600952, 41.613011 ] }, { "date": "2025-12-05", "close": 38.64, "volume": 2210641, "typical_volume": 1468950.05, "trend": 42.264, "fair_value": 38.930128, "relative_strength": -18.688712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.623411, "energy": 51.810272, "activity_lines": [ 39.003333, 39.248727, 40.292524, 41.375204 ] }, { "date": "2025-12-12", "close": 39.94, "volume": 1663720, "typical_volume": 1494833.05, "trend": 42.218, "fair_value": 38.979487, "relative_strength": -14.120971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.958182, "energy": 36.529815, "activity_lines": [ 39.337333, 39.324545, 40.14581, 41.225269 ] }, { "date": "2025-12-19", "close": 39.62, "volume": 1924355, "typical_volume": 1524390.3, "trend": 42.192667, "fair_value": 39.025897, "relative_strength": -15.070646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.722397, "energy": 30.383565, "activity_lines": [ 39.482667, 39.362364, 39.995286, 41.057656 ] }, { "date": "2025-12-26", "close": 39.55, "volume": 937474, "typical_volume": 1501202.5, "trend": 42.157333, "fair_value": 39.072821, "relative_strength": -16.061991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.009653, "energy": 28.062645, "activity_lines": [ 39.542, 39.397818, 39.861524, 40.887161 ] }, { "date": "2026-01-02", "close": 39.86, "volume": 1244571, "typical_volume": 1492054.65, "trend": 42.123667, "fair_value": 39.110385, "relative_strength": -13.740797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.026722, "energy": 20.813208, "activity_lines": [ 39.658667, 39.482727, 39.777333, 40.738946 ] }, { "date": "2026-01-09", "close": 40.09, "volume": 1640353, "typical_volume": 1523721.15, "trend": 42.043, "fair_value": 39.143077, "relative_strength": -14.952213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.646483, "energy": 18.360289, "activity_lines": [ 39.848, 39.601273, 39.734429, 40.607742 ] }, { "date": "2026-01-16", "close": 40.07, "volume": 2240783, "typical_volume": 1581954.45, "trend": 41.845667, "fair_value": 39.179103, "relative_strength": -14.083809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.145645, "energy": 11.960669, "activity_lines": [ 39.934, 39.727636, 39.712952, 40.480452 ] }, { "date": "2026-01-23", "close": 39.59, "volume": 1743483, "typical_volume": 1587475.8, "trend": 41.606, "fair_value": 39.211346, "relative_strength": -15.130242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.989734, "energy": 12.088485, "activity_lines": [ 39.851333, 39.742, 39.669143, 40.334925 ] }, { "date": "2026-01-30", "close": 39.93, "volume": 1440303, "typical_volume": 1547942.55, "trend": 41.382, "fair_value": 39.243333, "relative_strength": -14.055912, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.762312, "energy": 10.840823, "activity_lines": [ 39.884, 39.801636, 39.670905, 40.226796 ] }, { "date": "2026-02-06", "close": 39.13, "volume": 1916229, "typical_volume": 1559248.85, "trend": 41.133, "fair_value": 39.278718, "relative_strength": -13.823429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.035691, "energy": 21.869982, "activity_lines": [ 39.624667, 39.696364, 39.606571, 40.081505 ] }, { "date": "2026-02-13", "close": 43.18, "volume": 1610972, "typical_volume": 1579895.5, "trend": 41.019, "fair_value": 39.338077, "relative_strength": -3.610893, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.98358, "energy": 16.693303, "activity_lines": [ 40.764, 40.339636, 39.937905, 40.21357 ] }, { "date": "2026-02-20", "close": 43.13, "volume": 1125057, "typical_volume": 1557820.8, "trend": 40.938667, "fair_value": 39.401474, "relative_strength": -4.693688, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.220678, "energy": 48.951753, "activity_lines": [ 41.680667, 40.891273, 40.254143, 40.349763 ] }, { "date": "2026-02-27", "close": 43.71, "volume": 2408061, "typical_volume": 1617316.5, "trend": 40.911, "fair_value": 39.460897, "relative_strength": -2.972859, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.89438, "energy": 65.346914, "activity_lines": [ 42.586667, 41.490364, 40.615714, 40.528559 ] }, { "date": "2026-03-06", "close": 43.74, "volume": 1847394, "typical_volume": 1656241.15, "trend": 40.910333, "fair_value": 39.533846, "relative_strength": -1.463618, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.361117, "energy": 70.554278, "activity_lines": [ 43.228, 42.020545, 40.963381, 40.711075 ] }, { "date": "2026-03-13", "close": 43.09, "volume": 1577401, "typical_volume": 1668585.4, "trend": 40.882333, "fair_value": 39.604615, "relative_strength": -1.736513, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.5878, "energy": 66.62901, "activity_lines": [ 43.398667, 42.356364, 41.227381, 40.851699 ] }, { "date": "2026-03-20", "close": 41.48, "volume": 1600733, "typical_volume": 1638373.9, "trend": 40.765333, "fair_value": 39.662308, "relative_strength": -3.234826, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.63512, "energy": 53.51054, "activity_lines": [ 42.768667, 42.340727, 41.320524, 40.890258 ] }, { "date": "2026-03-27", "close": 41.53, "volume": 1271583, "typical_volume": 1606791.5, "trend": 40.650333, "fair_value": 39.712564, "relative_strength": 0.42585, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.539547, "energy": 28.799913, "activity_lines": [ 42.268667, 42.308909, 41.41481, 40.939591 ] }, { "date": "2026-04-03", "close": 43.89, "volume": 1387723, "typical_volume": 1609527.75, "trend": 40.701333, "fair_value": 39.770833, "relative_strength": 2.431108, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.969806, "energy": 31.942504, "activity_lines": [ 42.662, 42.679636, 41.720429, 41.148602 ] }, { "date": "2026-04-10", "close": 44.18, "volume": 1729446, "typical_volume": 1625273.6, "trend": 40.772333, "fair_value": 39.829551, "relative_strength": -0.993487, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.840738, "energy": 37.868657, "activity_lines": [ 43.14, 43.024909, 42.028857, 41.373032 ] }, { "date": "2026-04-17", "close": 47.63, "volume": 1807047, "typical_volume": 1666366.45, "trend": 40.986, "fair_value": 39.908526, "relative_strength": 0.898456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.982867, "energy": 69.886272, "activity_lines": [ 44.738667, 43.920182, 42.640524, 41.815462 ] }, { "date": "2026-04-24", "close": 49.72, "volume": 2607250, "typical_volume": 1686196.9, "trend": 41.276333, "fair_value": 39.983526, "relative_strength": 3.286367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.566474, "energy": 91.444804, "activity_lines": [ 46.731333, 45.040909, 43.413952, 42.378946 ] }, { "date": "2026-05-01", "close": 50.07, "volume": 1721784, "typical_volume": 1689100.1, "trend": 41.577, "fair_value": 40.057436, "relative_strength": 2.658531, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.680195, "energy": 93.289653, "activity_lines": [ 48.291333, 46.106364, 44.167952, 42.94628 ] }, { "date": "2026-05-08", "close": 50.67, "volume": 1995608, "typical_volume": 1692662.75, "trend": 41.926333, "fair_value": 40.137372, "relative_strength": -1.210824, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.920188, "energy": 92.401308, "activity_lines": [ 49.482, 47.154727, 44.930857, 43.532925 ] }, { "date": "2026-05-15", "close": 50.4, "volume": 2087632, "typical_volume": 1750170.65, "trend": 42.300667, "fair_value": 40.219487, "relative_strength": -1.196295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.221787, "energy": 89.207562, "activity_lines": [ 50.130667, 48.027455, 45.615429, 44.079613 ] }, { "date": "2026-05-22", "close": 49.5, "volume": 1332321, "typical_volume": 1754558.15, "trend": 42.637, "fair_value": 40.300064, "relative_strength": -3.852618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.386444, "energy": 80.9307, "activity_lines": [ 50.064667, 48.615455, 46.162619, 44.544086 ] }, { "date": "2026-05-29", "close": 49.6, "volume": 1323155, "typical_volume": 1738698.25, "trend": 42.933, "fair_value": 40.382436, "relative_strength": -6.083228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.123805, "energy": 63.472487, "activity_lines": [ 49.907333, 49.105091, 46.673429, 44.993312 ] }, { "date": "2026-06-05", "close": 49.59, "volume": 1848597, "typical_volume": 1719088.95, "trend": 43.295667, "fair_value": 40.455385, "relative_strength": -1.486637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.172182, "energy": 57.353489, "activity_lines": [ 49.754667, 49.445273, 47.138, 45.422796 ] }, { "date": "2026-06-12", "close": 50.72, "volume": 1998117, "typical_volume": 1731820.65, "trend": 43.697, "fair_value": 40.525833, "relative_strength": -1.232396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.151112, "energy": 55.43981, "activity_lines": [ 50.010667, 49.844364, 47.664857, 45.901785 ] }, { "date": "2026-06-19", "close": 50.38, "volume": 3582348, "typical_volume": 1838922.9, "trend": 44.081, "fair_value": 40.601282, "relative_strength": -3.939945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.917269, "energy": 52.483214, "activity_lines": [ 50.15, 50.057455, 48.106333, 46.332946 ] }, { "date": "2026-06-26", "close": 51.96, "volume": 5163158, "typical_volume": 2001269.35, "trend": 44.486333, "fair_value": 40.680385, "relative_strength": 4.082266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.214238, "energy": 56.920975, "activity_lines": [ 50.817333, 50.445091, 48.648524, 46.841269 ] }, { "date": "2026-07-03", "close": 52.77, "volume": 2737009, "typical_volume": 2057571.2, "trend": 44.957333, "fair_value": 40.768141, "relative_strength": 5.092535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.936629, "energy": 60.834572, "activity_lines": [ 51.590667, 50.901273, 49.206762, 47.375699 ] }, { "date": "2026-07-10", "close": 51.18, "volume": 2126533, "typical_volume": 2107645.0, "trend": 45.332, "fair_value": 40.832949, "relative_strength": 0.492199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.115606, "energy": 53.282125, "activity_lines": [ 51.622667, 51.012909, 49.567905, 47.777161 ] }, { "date": "2026-07-17", "close": 51.66, "volume": 2058336, "typical_volume": 2090158.75, "trend": 45.733333, "fair_value": 40.920641, "relative_strength": 6.100032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.029329, "energy": 53.001843, "activity_lines": [ 51.708667, 51.191636, 49.936429, 48.185419 ] }, { "date": "2026-07-24", "close": 50.28, "volume": 1964405, "typical_volume": 2096009.3, "trend": 46.091, "fair_value": 40.989423, "relative_strength": 5.149477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.159829, "energy": 43.574814, "activity_lines": [ 51.272, 51.101455, 50.135667, 48.478753 ] }, { "date": "2026-07-31", "close": 50.83, "volume": 2053566, "typical_volume": 2119817.55, "trend": 46.456667, "fair_value": 41.063269, "relative_strength": 5.91777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.943461, "energy": 31.463726, "activity_lines": [ 51.025333, 51.113455, 50.356143, 48.784495 ] }, { "date": "2026-08-07", "close": 50.06, "volume": 3835206, "typical_volume": 2231541.2, "trend": 46.789, "fair_value": 41.139295, "relative_strength": -0.544388, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.380586, "energy": 24.050992, "activity_lines": [ 50.597333, 50.961273, 50.466429, 49.016968 ] } ], "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." } } }