{ "ticker": { "uuid": "c415d7bc-65fa-4477-9b43-11026915306f", "symbol": "SAP", "name": "Saputo Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -48.662, "architecture_energy": 42.969, "architecture_maturity": 34.059, "architecture_confidence": 88.695, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 50.3, "rotation_up": 15.82, "upward_expansion": 11.44, "deceleration": 36.7, "rotation_down": 55.98, "downward_expansion": 82.44 }, "activity_lines": [ 40.475333, 40.9768, 41.174461, 41.408834 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 40.57, "trend_reference": 41.641579, "distance_from_trend": -0.025733, "trend_direction": "Improving", "fair_value": 30.583217, "distance_from_fair_value": 0.326545, "fair_value_direction": "Weakening", "relative_strength": -7.967773, "relative_strength_direction": "Weakening", "price_momentum": -0.046346, "excess_performance": -0.166767, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.025733, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.016933, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.326545, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.064677, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.079678, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.109402, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.046346, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.398585, "read": "Demand-led" } ], "volume": { "latest": 2965400, "relative_activity": 0.82436, "balance": 1.398585, "dry_up": 0.980592, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.054651, "annualized_volatility": 0.303558, "from_high_reference": -0.100244, "from_low_reference": 0.290093 }, "levels": { "trend_reference": 41.641579, "fair_value_reference": 30.583217, "structural_low": 37.330825, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.002459, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.021362, "regime_survival": 0.5, "best_return": 0.057997, "worst_return": -0.156865, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.041873, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.085024, "regime_survival": 0.166667, "best_return": 0.078089, "worst_return": -0.173031, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.111647, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.094462, "regime_survival": 0.0, "best_return": 0.332942, "worst_return": -0.177877, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.035958, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.192042, "regime_survival": 0.0, "best_return": 0.225183, "worst_return": -0.21778, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-06-23", "end": "2024-01-12", "tenure": "Extended", "return": -0.076154, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-02-02", "tenure": "New", "return": -0.002828, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-09", "end": "2024-02-23", "tenure": "New", "return": 0.025566, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-03-22", "tenure": "New", "return": -0.037229, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-29", "end": "2024-05-10", "tenure": "Developing", "return": 0.022514, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-17", "end": "2024-05-31", "tenure": "New", "return": -0.006484, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-07", "end": "2024-08-16", "tenure": "Developing", "return": 0.00294, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-23", "end": "2024-10-18", "tenure": "Developing", "return": -0.091272, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.033761, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-03-14", "tenure": "Established", "return": -0.025234, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-25", "tenure": "Developing", "return": 0.032993, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-02", "end": "2025-05-23", "tenure": "New", "return": 0.010778, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2026-04-17", "tenure": "Extended", "return": 0.473917, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.017846, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 25.747461, "volume": 2116800, "typical_volume": 2269015.0, "trend": 30.643401, "fair_value": 29.958995, "relative_strength": -15.750626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.592144, "energy": 61.965424, "activity_lines": [ 26.00972, 26.303901, 27.993302, 29.190741 ] }, { "date": "2023-08-25", "close": 26.903395, "volume": 2329800, "typical_volume": 2331210.0, "trend": 30.441588, "fair_value": 29.94736, "relative_strength": -11.859122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.637919, "energy": 51.807151, "activity_lines": [ 26.293111, 26.341698, 27.744388, 28.94945 ] }, { "date": "2023-09-01", "close": 27.628378, "volume": 3060600, "typical_volume": 2358285.0, "trend": 30.264862, "fair_value": 29.943564, "relative_strength": -12.36229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.878784, "energy": 37.290354, "activity_lines": [ 26.782738, 26.539276, 27.593072, 28.767952 ] }, { "date": "2023-09-08", "close": 27.262497, "volume": 2018500, "typical_volume": 2348320.0, "trend": 30.031063, "fair_value": 29.936638, "relative_strength": -11.21534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.830217, "energy": 34.014897, "activity_lines": [ 27.029983, 26.6702, 27.429935, 28.574251 ] }, { "date": "2023-09-15", "close": 27.224974, "volume": 3189100, "typical_volume": 2420575.0, "trend": 29.81046, "fair_value": 29.927848, "relative_strength": -13.343604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.243572, "energy": 26.6542, "activity_lines": [ 27.174283, 26.80167, 27.289933, 28.393213 ] }, { "date": "2023-09-22", "close": 26.652704, "volume": 1602100, "typical_volume": 2426130.0, "trend": 29.562481, "fair_value": 29.910858, "relative_strength": -11.235083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.441822, "energy": 27.496688, "activity_lines": [ 27.074071, 26.811211, 27.120596, 28.189487 ] }, { "date": "2023-09-29", "close": 26.643326, "volume": 2031600, "typical_volume": 2448875.0, "trend": 29.331404, "fair_value": 29.8897, "relative_strength": -9.869459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.191178, "energy": 33.126558, "activity_lines": [ 26.910383, 26.820214, 26.973887, 28.001155 ] }, { "date": "2023-10-06", "close": 26.615179, "volume": 2099800, "typical_volume": 2480135.0, "trend": 29.156537, "fair_value": 29.862225, "relative_strength": -8.449776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.107072, "energy": 39.984424, "activity_lines": [ 26.75465, 26.819168, 26.856892, 27.825914 ] }, { "date": "2023-10-13", "close": 26.12734, "volume": 1320600, "typical_volume": 2495525.0, "trend": 28.977457, "fair_value": 29.832185, "relative_strength": -10.832535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.956339, "energy": 47.292454, "activity_lines": [ 26.503852, 26.715003, 26.726492, 27.630482 ] }, { "date": "2023-10-20", "close": 25.226727, "volume": 1615500, "typical_volume": 2497535.0, "trend": 28.767738, "fair_value": 29.798681, "relative_strength": -12.084643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.050726, "energy": 58.631187, "activity_lines": [ 26.028526, 26.443064, 26.541904, 27.3885 ] }, { "date": "2023-10-27", "close": 25.489405, "volume": 1196200, "typical_volume": 2425960.0, "trend": 28.53712, "fair_value": 29.779525, "relative_strength": -9.10962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.370065, "energy": 65.689796, "activity_lines": [ 25.773976, 26.240556, 26.417545, 27.176994 ] }, { "date": "2023-11-03", "close": 27.074871, "volume": 1554300, "typical_volume": 2258725.0, "trend": 28.342977, "fair_value": 29.769576, "relative_strength": -8.53323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.482976, "energy": 42.092016, "activity_lines": [ 26.125468, 26.331007, 26.459299, 27.082656 ] }, { "date": "2023-11-10", "close": 25.658266, "volume": 2517400, "typical_volume": 2215690.0, "trend": 28.116134, "fair_value": 29.740639, "relative_strength": -12.322567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.349943, "energy": 42.16155, "activity_lines": [ 25.975988, 26.160775, 26.372646, 26.909449 ] }, { "date": "2023-11-17", "close": 25.339302, "volume": 2388200, "typical_volume": 2131815.0, "trend": 27.865067, "fair_value": 29.708588, "relative_strength": -15.291181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.534952, "energy": 39.599812, "activity_lines": [ 25.783982, 25.96837, 26.264963, 26.730298 ] }, { "date": "2023-11-24", "close": 25.01095, "volume": 1585200, "typical_volume": 2107310.0, "trend": 27.615102, "fair_value": 29.666214, "relative_strength": -15.77286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.633276, "energy": 41.869203, "activity_lines": [ 25.53506, 25.751232, 26.137097, 26.546162 ] }, { "date": "2023-12-01", "close": 24.823324, "volume": 3977900, "typical_volume": 2161060.0, "trend": 27.389465, "fair_value": 29.61622, "relative_strength": -17.531484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.277465, "energy": 54.099747, "activity_lines": [ 25.237982, 25.540235, 25.997221, 26.366047 ] }, { "date": "2023-12-08", "close": 24.941416, "volume": 2575500, "typical_volume": 2182090.0, "trend": 27.105982, "fair_value": 29.564168, "relative_strength": -16.261228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.927491, "energy": 57.866573, "activity_lines": [ 25.024673, 25.383971, 25.87761, 26.208108 ] }, { "date": "2023-12-15", "close": 25.338209, "volume": 3931100, "typical_volume": 2253590.0, "trend": 26.832018, "fair_value": 29.526425, "relative_strength": -15.321437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.274355, "energy": 47.323343, "activity_lines": [ 25.085859, 25.330795, 25.8026, 26.094058 ] }, { "date": "2023-12-22", "close": 24.865835, "volume": 3243600, "typical_volume": 2308745.0, "trend": 26.568876, "fair_value": 29.484823, "relative_strength": -17.88298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.112884, "energy": 41.343057, "activity_lines": [ 25.010924, 25.21495, 25.684907, 25.967208 ] }, { "date": "2023-12-29", "close": 25.34766, "volume": 1347900, "typical_volume": 2285085.0, "trend": 26.326428, "fair_value": 29.445745, "relative_strength": -16.171993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.555586, "energy": 33.081486, "activity_lines": [ 25.128162, 25.209646, 25.618054, 25.88842 ] }, { "date": "2024-01-05", "close": 25.205946, "volume": 1827400, "typical_volume": 2270615.0, "trend": 26.211161, "fair_value": 29.397895, "relative_strength": -16.123253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.899672, "energy": 27.804777, "activity_lines": [ 25.175714, 25.176378, 25.542805, 25.816131 ] }, { "date": "2024-01-12", "close": 25.517714, "volume": 1802300, "typical_volume": 2244240.0, "trend": 26.1137, "fair_value": 29.356682, "relative_strength": -14.793455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.408966, "energy": 21.39534, "activity_lines": [ 25.301681, 25.204948, 25.499827, 25.771392 ] }, { "date": "2024-01-19", "close": 26.726992, "volume": 2349300, "typical_volume": 2208675.0, "trend": 26.083894, "fair_value": 29.325144, "relative_strength": -10.04182, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.942128, "energy": 10.663223, "activity_lines": [ 25.792321, 25.481699, 25.578617, 25.810959 ] }, { "date": "2024-01-26", "close": 26.736439, "volume": 2097400, "typical_volume": 2212620.0, "trend": 26.052848, "fair_value": 29.306848, "relative_strength": -10.548139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.094993, "energy": 22.049769, "activity_lines": [ 26.193524, 25.740736, 25.662598, 25.853059 ] }, { "date": "2024-02-02", "close": 26.651415, "volume": 1874600, "typical_volume": 2146895.0, "trend": 26.066511, "fair_value": 29.268942, "relative_strength": -10.269429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.127221, "energy": 32.533462, "activity_lines": [ 26.441679, 25.958912, 25.740988, 25.891676 ] }, { "date": "2024-02-09", "close": 25.86727, "volume": 2471000, "typical_volume": 2190340.0, "trend": 26.038188, "fair_value": 29.221202, "relative_strength": -12.078348, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.63367, "energy": 27.039789, "activity_lines": [ 26.341535, 26.004689, 25.747428, 25.878822 ] }, { "date": "2024-02-16", "close": 26.660864, "volume": 2279000, "typical_volume": 2202710.0, "trend": 26.047816, "fair_value": 29.183017, "relative_strength": -9.940762, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.844349, "energy": 37.254608, "activity_lines": [ 26.461834, 26.175775, 25.833188, 25.918995 ] }, { "date": "2024-02-23", "close": 26.528595, "volume": 1291600, "typical_volume": 2162300.0, "trend": 26.071368, "fair_value": 29.150321, "relative_strength": -10.494378, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.818438, "energy": 23.891137, "activity_lines": [ 26.461834, 26.29155, 25.906268, 25.950013 ] }, { "date": "2024-03-01", "close": 25.678322, "volume": 2361300, "typical_volume": 2214335.0, "trend": 26.063781, "fair_value": 29.106687, "relative_strength": -13.393375, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.346513, "energy": 6.080697, "activity_lines": [ 26.191636, 26.231086, 25.898782, 25.924655 ] }, { "date": "2024-03-08", "close": 25.578444, "volume": 3037800, "typical_volume": 2285450.0, "trend": 26.035774, "fair_value": 29.053474, "relative_strength": -13.942144, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.46101, "energy": 7.362797, "activity_lines": [ 25.958686, 26.13769, 25.883921, 25.893343 ] }, { "date": "2024-03-15", "close": 24.541609, "volume": 3458600, "typical_volume": 2398570.0, "trend": 25.995579, "fair_value": 28.996087, "relative_strength": -17.269131, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.091238, "energy": 32.875922, "activity_lines": [ 25.451656, 25.851582, 25.76864, 25.796945 ] }, { "date": "2024-03-22", "close": 24.72234, "volume": 1517900, "typical_volume": 2396750.0, "trend": 25.922877, "fair_value": 28.942359, "relative_strength": -16.590429, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.007284, "energy": 45.521782, "activity_lines": [ 25.093247, 25.610414, 25.675085, 25.714801 ] }, { "date": "2024-03-29", "close": 25.350145, "volume": 1293800, "typical_volume": 2335570.0, "trend": 25.846936, "fair_value": 28.887541, "relative_strength": -14.607056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.431903, "energy": 48.929473, "activity_lines": [ 25.073341, 25.497853, 25.652523, 25.67785 ] }, { "date": "2024-04-05", "close": 25.635517, "volume": 1737100, "typical_volume": 2303015.0, "trend": 25.792703, "fair_value": 28.830688, "relative_strength": -13.429926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.310269, "energy": 40.578507, "activity_lines": [ 25.227123, 25.462212, 25.658606, 25.66421 ] }, { "date": "2024-04-12", "close": 24.760387, "volume": 1577200, "typical_volume": 2302615.0, "trend": 25.71055, "fair_value": 28.764189, "relative_strength": -14.441149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.734981, "energy": 36.194298, "activity_lines": [ 25.092048, 25.287473, 25.579934, 25.597609 ] }, { "date": "2024-04-19", "close": 24.42746, "volume": 1069000, "typical_volume": 2157170.0, "trend": 25.636376, "fair_value": 28.694307, "relative_strength": -14.651412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.095657, "energy": 34.98043, "activity_lines": [ 24.900535, 25.086584, 25.470747, 25.514829 ] }, { "date": "2024-04-26", "close": 25.197952, "volume": 1394300, "typical_volume": 2098110.0, "trend": 25.588196, "fair_value": 28.633853, "relative_strength": -12.055709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.826952, "energy": 27.938825, "activity_lines": [ 24.973463, 25.051963, 25.436825, 25.486544 ] }, { "date": "2024-05-03", "close": 25.283562, "volume": 1190000, "typical_volume": 1961055.0, "trend": 25.543809, "fair_value": 28.570311, "relative_strength": -11.163729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.069274, "energy": 27.28351, "activity_lines": [ 25.043219, 25.059505, 25.409835, 25.46689 ] }, { "date": "2024-05-10", "close": 25.920885, "volume": 2035900, "typical_volume": 1900670.0, "trend": 25.536927, "fair_value": 28.511763, "relative_strength": -9.763241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.9313, "energy": 10.987347, "activity_lines": [ 25.329856, 25.205562, 25.443803, 25.491217 ] }, { "date": "2024-05-17", "close": 26.40601, "volume": 1455700, "typical_volume": 1906060.0, "trend": 25.576237, "fair_value": 28.455927, "relative_strength": -8.064636, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.545794, "energy": 16.535863, "activity_lines": [ 25.759176, 25.435413, 25.518949, 25.547287 ] }, { "date": "2024-05-24", "close": 26.567719, "volume": 1119700, "typical_volume": 1870675.0, "trend": 25.612181, "fair_value": 28.388001, "relative_strength": -6.262279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.713297, "energy": 30.098416, "activity_lines": [ 26.132691, 25.679619, 25.604456, 25.611254 ] }, { "date": "2024-05-31", "close": 26.234789, "volume": 1524900, "typical_volume": 1856805.0, "trend": 25.584178, "fair_value": 28.342604, "relative_strength": -6.583599, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.029705, "energy": 48.537826, "activity_lines": [ 26.252546, 25.826454, 25.651771, 25.651422 ] }, { "date": "2024-06-07", "close": 28.38456, "volume": 2820700, "typical_volume": 1880375.0, "trend": 25.675054, "fair_value": 28.317069, "relative_strength": 2.511329, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.138784, "energy": 74.191839, "activity_lines": [ 27.019868, 26.336657, 25.900412, 25.832092 ] }, { "date": "2024-06-14", "close": 27.937483, "volume": 2655000, "typical_volume": 1908255.0, "trend": 25.76166, "fair_value": 28.287217, "relative_strength": 2.820756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.09265, "energy": 76.268944, "activity_lines": [ 27.431431, 26.710402, 26.09858, 25.978055 ] }, { "date": "2024-06-21", "close": 28.07556, "volume": 4256300, "typical_volume": 2027340.0, "trend": 25.863814, "fair_value": 28.256765, "relative_strength": 3.923439, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.149969, "energy": 76.556422, "activity_lines": [ 27.754581, 27.067398, 26.30418, 26.127339 ] }, { "date": "2024-06-28", "close": 29.406109, "volume": 2840400, "typical_volume": 2045810.0, "trend": 26.016574, "fair_value": 28.232616, "relative_strength": 7.298751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.639696, "energy": 85.967777, "activity_lines": [ 28.409943, 27.606037, 26.629716, 26.355874 ] }, { "date": "2024-07-05", "close": 29.626272, "volume": 2306500, "typical_volume": 2047185.0, "trend": 26.172735, "fair_value": 28.211248, "relative_strength": 7.171756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.331023, "energy": 86.373441, "activity_lines": [ 28.949467, 28.094184, 26.959369, 26.588758 ] }, { "date": "2024-07-12", "close": 30.583502, "volume": 2061800, "typical_volume": 2085695.0, "trend": 26.347579, "fair_value": 28.199785, "relative_strength": 7.586043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.018731, "energy": 91.873928, "activity_lines": [ 29.581969, 28.675858, 27.366066, 26.873323 ] }, { "date": "2024-07-19", "close": 30.296333, "volume": 1463300, "typical_volume": 2040795.0, "trend": 26.528595, "fair_value": 28.187909, "relative_strength": 6.412018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.264742, "energy": 88.943865, "activity_lines": [ 29.972151, 29.108957, 27.726104, 27.128082 ] }, { "date": "2024-07-26", "close": 30.32505, "volume": 1149500, "typical_volume": 1946380.0, "trend": 26.694508, "fair_value": 28.176731, "relative_strength": 5.817347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.131502, "energy": 86.516679, "activity_lines": [ 30.214649, 29.467723, 28.066887, 27.373014 ] }, { "date": "2024-08-02", "close": 29.894297, "volume": 2032900, "typical_volume": 1875095.0, "trend": 26.850787, "fair_value": 28.159594, "relative_strength": 6.964003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.733524, "energy": 74.033872, "activity_lines": [ 30.163597, 29.676916, 28.344043, 27.579452 ] }, { "date": "2024-08-09", "close": 29.329531, "volume": 1590400, "typical_volume": 1878720.0, "trend": 26.977847, "fair_value": 28.141178, "relative_strength": 4.517545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.814015, "energy": 54.802612, "activity_lines": [ 29.891744, 29.722941, 28.541922, 27.739371 ] }, { "date": "2024-08-16", "close": 28.468023, "volume": 2611200, "typical_volume": 1944590.0, "trend": 27.035881, "fair_value": 28.119809, "relative_strength": -1.726532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.971492, "energy": 37.025172, "activity_lines": [ 29.352504, 29.556059, 28.635814, 27.835512 ] }, { "date": "2024-08-23", "close": 29.49226, "volume": 2093700, "typical_volume": 1962420.0, "trend": 27.127742, "fair_value": 28.106605, "relative_strength": 0.935765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.184164, "energy": 29.004538, "activity_lines": [ 29.295709, 29.573885, 28.812406, 27.993988 ] }, { "date": "2024-08-30", "close": 28.688187, "volume": 2687600, "typical_volume": 2017940.0, "trend": 27.195635, "fair_value": 28.088423, "relative_strength": -1.894576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.143613, "energy": 23.729205, "activity_lines": [ 29.024494, 29.417248, 28.894053, 28.094662 ] }, { "date": "2024-09-06", "close": 28.429735, "volume": 1781300, "typical_volume": 2053555.0, "trend": 27.28105, "fair_value": 28.073521, "relative_strength": -0.199352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.986089, "energy": 24.645988, "activity_lines": [ 28.776252, 29.20248, 28.932383, 28.174281 ] }, { "date": "2024-09-13", "close": 28.361076, "volume": 2436400, "typical_volume": 2105660.0, "trend": 27.337724, "fair_value": 28.05967, "relative_strength": -3.592878, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.319859, "energy": 19.863898, "activity_lines": [ 28.602762, 28.992982, 28.945114, 28.24396 ] }, { "date": "2024-09-20", "close": 28.072069, "volume": 6575200, "typical_volume": 2374920.0, "trend": 27.389173, "fair_value": 28.05493, "relative_strength": -5.520198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.349884, "energy": 16.122015, "activity_lines": [ 28.397499, 28.75394, 28.915259, 28.291337 ] }, { "date": "2024-09-27", "close": 27.869766, "volume": 2109000, "typical_volume": 2378575.0, "trend": 27.462221, "fair_value": 28.049581, "relative_strength": -6.261345, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.793163, "energy": 17.283568, "activity_lines": [ 28.151199, 28.523778, 28.852859, 28.322343 ] }, { "date": "2024-10-04", "close": 27.426624, "volume": 2109400, "typical_volume": 2411260.0, "trend": 27.523827, "fair_value": 28.045868, "relative_strength": -8.185728, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.698056, "energy": 23.811606, "activity_lines": [ 27.865352, 28.257164, 28.738974, 28.320047 ] }, { "date": "2024-10-11", "close": 27.667461, "volume": 2068100, "typical_volume": 2458680.0, "trend": 27.628022, "fair_value": 28.045363, "relative_strength": -8.244437, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.793663, "energy": 33.45173, "activity_lines": [ 27.743888, 28.087038, 28.643166, 28.329313 ] }, { "date": "2024-10-18", "close": 26.800446, "volume": 1565500, "typical_volume": 2460710.0, "trend": 27.697292, "fair_value": 28.039013, "relative_strength": -12.04821, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.600546, "energy": 55.621722, "activity_lines": [ 27.384236, 27.79976, 28.459548, 28.275921 ] }, { "date": "2024-10-25", "close": 26.251335, "volume": 1926800, "typical_volume": 2416015.0, "trend": 27.727332, "fair_value": 28.037638, "relative_strength": -12.191547, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.405862, "energy": 60.625238, "activity_lines": [ 26.94559, 27.458627, 28.22094, 28.182634 ] }, { "date": "2024-11-01", "close": 25.875629, "volume": 1940000, "typical_volume": 2380265.0, "trend": 27.735336, "fair_value": 28.022146, "relative_strength": -12.29171, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.827425, "energy": 69.208499, "activity_lines": [ 26.503091, 27.089488, 27.956709, 28.063169 ] }, { "date": "2024-11-08", "close": 25.731125, "volume": 1726300, "typical_volume": 2253765.0, "trend": 27.767694, "fair_value": 28.010721, "relative_strength": -14.196486, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.668085, "energy": 74.985085, "activity_lines": [ 26.145367, 26.759832, 27.688534, 27.933865 ] }, { "date": "2024-11-15", "close": 25.365053, "volume": 2843400, "typical_volume": 2253915.0, "trend": 27.798947, "fair_value": 28.000106, "relative_strength": -15.545751, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.953602, "energy": 89.177862, "activity_lines": [ 25.778651, 26.417382, 27.396658, 27.778856 ] }, { "date": "2024-11-22", "close": 25.162748, "volume": 2536500, "typical_volume": 2265415.0, "trend": 27.797773, "fair_value": 27.993704, "relative_strength": -17.707481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.501758, "energy": 89.601406, "activity_lines": [ 25.497995, 26.093871, 27.104759, 27.608779 ] }, { "date": "2024-11-29", "close": 25.14348, "volume": 3547900, "typical_volume": 2339720.0, "trend": 27.793104, "fair_value": 27.993721, "relative_strength": -18.117803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.458867, "energy": 87.516998, "activity_lines": [ 25.320095, 25.825008, 26.83228, 27.437534 ] }, { "date": "2024-12-06", "close": 25.798561, "volume": 4569700, "typical_volume": 2495040.0, "trend": 27.789026, "fair_value": 27.991295, "relative_strength": -15.826762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.748739, "energy": 67.951524, "activity_lines": [ 25.434413, 25.728498, 26.648094, 27.308854 ] }, { "date": "2024-12-13", "close": 25.439371, "volume": 2510300, "typical_volume": 2563080.0, "trend": 27.756805, "fair_value": 27.990667, "relative_strength": -15.316753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.312268, "energy": 57.023601, "activity_lines": [ 25.434139, 25.604339, 26.451118, 27.157263 ] }, { "date": "2024-12-20", "close": 24.449739, "volume": 5729800, "typical_volume": 2747925.0, "trend": 27.686206, "fair_value": 27.980634, "relative_strength": -16.111181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.81247, "energy": 62.353132, "activity_lines": [ 25.123438, 25.336379, 26.183156, 26.943904 ] }, { "date": "2024-12-27", "close": 24.129562, "volume": 1641500, "typical_volume": 2750480.0, "trend": 27.616032, "fair_value": 27.970686, "relative_strength": -17.550887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.714292, "energy": 64.497854, "activity_lines": [ 24.767032, 25.068708, 25.910628, 26.714443 ] }, { "date": "2025-01-03", "close": 24.469141, "volume": 2646100, "typical_volume": 2752225.0, "trend": 27.485518, "fair_value": 27.958467, "relative_strength": -17.006306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.768821, "energy": 66.545701, "activity_lines": [ 24.592698, 24.911341, 25.695202, 26.511418 ] }, { "date": "2025-01-10", "close": 22.616007, "volume": 3447700, "typical_volume": 2819925.0, "trend": 27.308135, "fair_value": 27.939106, "relative_strength": -21.958429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.91446, "energy": 86.421592, "activity_lines": [ 23.845609, 24.449444, 25.322329, 26.197256 ] }, { "date": "2025-01-17", "close": 22.344343, "volume": 5236700, "typical_volume": 2947380.0, "trend": 27.117095, "fair_value": 27.92684, "relative_strength": -23.331498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.336114, "energy": 90.55172, "activity_lines": [ 23.220135, 23.99742, 24.956328, 25.877011 ] }, { "date": "2025-01-24", "close": 22.80035, "volume": 3667100, "typical_volume": 3041670.0, "trend": 26.896903, "fair_value": 27.912011, "relative_strength": -22.522724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.555784, "energy": 85.092916, "activity_lines": [ 22.952999, 23.689883, 24.663965, 25.598512 ] }, { "date": "2025-01-31", "close": 23.431, "volume": 3525300, "typical_volume": 3096115.0, "trend": 26.690393, "fair_value": 27.899087, "relative_strength": -20.12076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.29312, "energy": 75.707174, "activity_lines": [ 23.006039, 23.543641, 24.45847, 25.374905 ] }, { "date": "2025-02-07", "close": 23.10112, "volume": 4737800, "typical_volume": 3004245.0, "trend": 26.440981, "fair_value": 27.877983, "relative_strength": -20.536178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.502268, "energy": 60.95375, "activity_lines": [ 22.99569, 23.368908, 24.245035, 25.143339 ] }, { "date": "2025-02-14", "close": 23.605639, "volume": 3765400, "typical_volume": 3087065.0, "trend": 26.217958, "fair_value": 27.850409, "relative_strength": -18.479129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.825435, "energy": 49.93131, "activity_lines": [ 23.244715, 23.323038, 24.10332, 24.960414 ] }, { "date": "2025-02-21", "close": 24.653486, "volume": 3772800, "typical_volume": 3170235.0, "trend": 26.028905, "fair_value": 27.830071, "relative_strength": -13.343048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.221334, "energy": 29.921037, "activity_lines": [ 23.777046, 23.507558, 24.081706, 24.85948 ] }, { "date": "2025-02-28", "close": 24.731104, "volume": 4708600, "typical_volume": 3302260.0, "trend": 25.856799, "fair_value": 27.807748, "relative_strength": -13.59458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.122714, "energy": 22.743065, "activity_lines": [ 24.181308, 23.720479, 24.080689, 24.775751 ] }, { "date": "2025-03-07", "close": 24.90906, "volume": 4257700, "typical_volume": 3436870.0, "trend": 25.70945, "fair_value": 27.788831, "relative_strength": -10.481267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.461976, "energy": 22.773087, "activity_lines": [ 24.516171, 23.96064, 24.110603, 24.714606 ] }, { "date": "2025-03-14", "close": 24.527798, "volume": 3537800, "typical_volume": 3517420.0, "trend": 25.578109, "fair_value": 27.765146, "relative_strength": -10.924641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.128498, "energy": 19.740041, "activity_lines": [ 24.62541, 24.117308, 24.113213, 24.638371 ] }, { "date": "2025-03-21", "close": 24.889509, "volume": 3667000, "typical_volume": 3603770.0, "trend": 25.424684, "fair_value": 27.754412, "relative_strength": -10.918662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.302319, "energy": 17.300823, "activity_lines": [ 24.760107, 24.338675, 24.158479, 24.593945 ] }, { "date": "2025-03-28", "close": 24.029226, "volume": 3338700, "typical_volume": 3684390.0, "trend": 25.269385, "fair_value": 27.735897, "relative_strength": -13.011916, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.316074, "energy": 13.136331, "activity_lines": [ 24.522452, 24.36229, 24.126509, 24.503915 ] }, { "date": "2025-04-04", "close": 24.009674, "volume": 4234100, "typical_volume": 3753925.0, "trend": 25.12205, "fair_value": 27.715223, "relative_strength": -7.029013, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.079468, "energy": 12.961514, "activity_lines": [ 24.319897, 24.351717, 24.100782, 24.422644 ] }, { "date": "2025-04-11", "close": 24.742867, "volume": 4858800, "typical_volume": 3870040.0, "trend": 25.001443, "fair_value": 27.696752, "relative_strength": -5.658483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.05958, "energy": 8.962865, "activity_lines": [ 24.409835, 24.452463, 24.151336, 24.39818 ] }, { "date": "2025-04-18", "close": 25.593374, "volume": 2526500, "typical_volume": 3818970.0, "trend": 24.91882, "fair_value": 27.682105, "relative_strength": -4.753386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.258571, "energy": 8.698642, "activity_lines": [ 24.794355, 24.683995, 24.284891, 24.436369 ] }, { "date": "2025-04-25", "close": 25.710686, "volume": 2700700, "typical_volume": 3725520.0, "trend": 24.846851, "fair_value": 27.687383, "relative_strength": -6.148379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.267699, "energy": 36.533141, "activity_lines": [ 25.14694, 24.891543, 24.427475, 24.487458 ] }, { "date": "2025-05-02", "close": 25.397854, "volume": 3628200, "typical_volume": 3781415.0, "trend": 24.779225, "fair_value": 27.694373, "relative_strength": -8.260598, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.389243, "energy": 45.407592, "activity_lines": [ 25.340503, 25.003938, 24.540685, 24.523006 ] }, { "date": "2025-05-09", "close": 25.485838, "volume": 1796100, "typical_volume": 3584730.0, "trend": 24.706504, "fair_value": 27.70704, "relative_strength": -8.878488, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.265815, "energy": 50.155175, "activity_lines": [ 25.472152, 25.118797, 24.662472, 24.568594 ] }, { "date": "2025-05-16", "close": 25.456511, "volume": 2109300, "typical_volume": 3608120.0, "trend": 24.661706, "fair_value": 27.724225, "relative_strength": -10.832216, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.046228, "energy": 44.021887, "activity_lines": [ 25.495614, 25.214601, 24.776532, 24.616982 ] }, { "date": "2025-05-23", "close": 25.671581, "volume": 1653300, "typical_volume": 3558480.0, "trend": 24.642381, "fair_value": 27.741278, "relative_strength": -9.44539, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.814618, "energy": 48.798754, "activity_lines": [ 25.54319, 25.339555, 24.904756, 24.682135 ] }, { "date": "2025-05-30", "close": 25.847548, "volume": 2975700, "typical_volume": 3534880.0, "trend": 24.641445, "fair_value": 27.759401, "relative_strength": -9.549947, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.971305, "energy": 48.383065, "activity_lines": [ 25.644208, 25.475707, 25.044012, 24.759888 ] }, { "date": "2025-06-06", "close": 25.456511, "volume": 2174700, "typical_volume": 3381780.0, "trend": 24.632291, "fair_value": 27.766012, "relative_strength": -11.26397, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.811583, "energy": 35.380769, "activity_lines": [ 25.605757, 25.523343, 25.130639, 24.812472 ] }, { "date": "2025-06-13", "close": 25.925756, "volume": 3640700, "typical_volume": 3380460.0, "trend": 24.650981, "fair_value": 27.771622, "relative_strength": -9.382699, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.652701, "energy": 37.521747, "activity_lines": [ 25.719809, 25.630345, 25.247136, 24.895922 ] }, { "date": "2025-06-20", "close": 26.475231, "volume": 3564700, "typical_volume": 3382430.0, "trend": 24.694731, "fair_value": 27.773153, "relative_strength": -6.935428, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.549806, "energy": 46.134906, "activity_lines": [ 25.987693, 25.802413, 25.401081, 25.013615 ] }, { "date": "2025-06-27", "close": 26.809988, "volume": 3811500, "typical_volume": 3336115.0, "trend": 24.750281, "fair_value": 27.780864, "relative_strength": -5.873185, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.859364, "energy": 58.360101, "activity_lines": [ 26.299247, 26.00385, 25.572412, 25.150083 ] }, { "date": "2025-07-04", "close": 27.203817, "volume": 1985200, "typical_volume": 3247105.0, "trend": 24.797123, "fair_value": 27.781217, "relative_strength": -5.180066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.642146, "energy": 73.860353, "activity_lines": [ 26.666184, 26.254771, 25.763589, 25.308376 ] }, { "date": "2025-07-11", "close": 27.144743, "volume": 3254100, "typical_volume": 3221170.0, "trend": 24.853969, "fair_value": 27.779087, "relative_strength": -4.694233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.583006, "energy": 75.171683, "activity_lines": [ 26.923011, 26.467803, 25.932005, 25.459835 ] }, { "date": "2025-07-18", "close": 28.050552, "volume": 3190500, "typical_volume": 3145265.0, "trend": 24.973996, "fair_value": 27.774868, "relative_strength": -2.010989, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.848671, "energy": 83.182975, "activity_lines": [ 27.369226, 26.813767, 26.174826, 25.666067 ] }, { "date": "2025-07-25", "close": 28.513302, "volume": 2167100, "typical_volume": 3040735.0, "trend": 25.120121, "fair_value": 27.77268, "relative_strength": -0.514744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.057005, "energy": 87.219028, "activity_lines": [ 27.828038, 27.197236, 26.445911, 25.894409 ] }, { "date": "2025-08-01", "close": 28.109627, "volume": 1917900, "typical_volume": 2959740.0, "trend": 25.24147, "fair_value": 27.754104, "relative_strength": 0.361266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.147938, "energy": 81.711097, "activity_lines": [ 28.01642, 27.451731, 26.661388, 26.08728 ] }, { "date": "2025-08-08", "close": 31.506413, "volume": 2916600, "typical_volume": 2922220.0, "trend": 25.537817, "fair_value": 27.760751, "relative_strength": 9.863076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.44763, "energy": 96.297464, "activity_lines": [ 29.250422, 28.279496, 27.183312, 26.49147 ] }, { "date": "2025-08-15", "close": 32.156231, "volume": 4220300, "typical_volume": 2966300.0, "trend": 25.86488, "fair_value": 27.768641, "relative_strength": 11.710643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.441039, "energy": 97.112597, "activity_lines": [ 30.41419, 29.122521, 27.735615, 26.918465 ] }, { "date": "2025-08-22", "close": 33.268806, "volume": 3476700, "typical_volume": 2928430.0, "trend": 26.213828, "fair_value": 27.787522, "relative_strength": 14.027715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.322058, "energy": 97.159002, "activity_lines": [ 31.614717, 30.046019, 28.355177, 27.396137 ] }, { "date": "2025-08-29", "close": 33.849705, "volume": 3713700, "typical_volume": 2871175.0, "trend": 26.561119, "fair_value": 27.810428, "relative_strength": 15.173047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.890361, "energy": 95.929358, "activity_lines": [ 32.660993, 30.941625, 28.985971, 27.888775 ] }, { "date": "2025-09-05", "close": 34.334965, "volume": 2667200, "typical_volume": 2878210.0, "trend": 26.93558, "fair_value": 27.826509, "relative_strength": 15.011281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.593675, "energy": 94.449126, "activity_lines": [ 33.513263, 31.791379, 29.619615, 28.390313 ] }, { "date": "2025-09-12", "close": 33.67144, "volume": 3137900, "typical_volume": 2900070.0, "trend": 27.271107, "fair_value": 27.838572, "relative_strength": 12.002635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.563682, "energy": 88.556961, "activity_lines": [ 33.729335, 32.383674, 30.14844, 28.824885 ] }, { "date": "2025-09-19", "close": 33.176273, "volume": 8328600, "typical_volume": 3135090.0, "trend": 27.5552, "fair_value": 27.858043, "relative_strength": 8.684657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.988339, "energy": 77.263107, "activity_lines": [ 33.636016, 32.768346, 30.592197, 29.205863 ] }, { "date": "2025-09-26", "close": 33.027721, "volume": 3301200, "typical_volume": 3210345.0, "trend": 27.831754, "fair_value": 27.87615, "relative_strength": 8.332672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.964949, "energy": 65.709799, "activity_lines": [ 33.425177, 33.016344, 30.984766, 29.558929 ] }, { "date": "2025-10-03", "close": 33.522892, "volume": 2751700, "typical_volume": 3242465.0, "trend": 28.118881, "fair_value": 27.912601, "relative_strength": 7.463889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.153383, "energy": 63.510727, "activity_lines": [ 33.395467, 33.263879, 31.388581, 29.926099 ] }, { "date": "2025-10-10", "close": 32.958397, "volume": 2815600, "typical_volume": 3300580.0, "trend": 28.399901, "fair_value": 27.935497, "relative_strength": 7.905292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.843845, "energy": 55.573152, "activity_lines": [ 33.19938, 33.317696, 31.700223, 30.238326 ] }, { "date": "2025-10-17", "close": 33.621925, "volume": 4431400, "typical_volume": 3373365.0, "trend": 28.690982, "fair_value": 27.963763, "relative_strength": 9.060023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.751405, "energy": 56.12788, "activity_lines": [ 33.31624, 33.403994, 32.040359, 30.575231 ] }, { "date": "2025-10-24", "close": 34.037865, "volume": 3359100, "typical_volume": 3432585.0, "trend": 29.024603, "fair_value": 27.983584, "relative_strength": 9.420176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.45889, "energy": 60.615559, "activity_lines": [ 33.575048, 33.527454, 32.383088, 30.920191 ] }, { "date": "2025-10-31", "close": 33.562504, "volume": 2075400, "typical_volume": 3354320.0, "trend": 29.343031, "fair_value": 28.005237, "relative_strength": 8.135658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.238948, "energy": 52.467792, "activity_lines": [ 33.617963, 33.530273, 32.639681, 31.212959 ] }, { "date": "2025-11-07", "close": 35.018299, "volume": 2489100, "typical_volume": 3300540.0, "trend": 29.685545, "fair_value": 28.033459, "relative_strength": 13.859986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.521296, "energy": 64.761225, "activity_lines": [ 34.11049, 33.792442, 32.998555, 31.579105 ] }, { "date": "2025-11-14", "close": 37.355495, "volume": 4599900, "typical_volume": 3339960.0, "trend": 30.077616, "fair_value": 28.070078, "relative_strength": 19.325202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.027791, "energy": 75.761806, "activity_lines": [ 35.282389, 34.458309, 33.539338, 32.073941 ] }, { "date": "2025-11-21", "close": 38.583511, "volume": 3526400, "typical_volume": 3417020.0, "trend": 30.50671, "fair_value": 28.117332, "relative_strength": 23.258733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.309851, "energy": 95.627788, "activity_lines": [ 36.570487, 35.292532, 34.146858, 32.622708 ] }, { "date": "2025-11-28", "close": 39.22723, "volume": 2743300, "typical_volume": 3391480.0, "trend": 30.967689, "fair_value": 28.172358, "relative_strength": 19.836459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.079285, "energy": 96.153325, "activity_lines": [ 37.742385, 36.154485, 34.761496, 33.185322 ] }, { "date": "2025-12-05", "close": 38.709492, "volume": 4838100, "typical_volume": 3473860.0, "trend": 31.408478, "fair_value": 28.218863, "relative_strength": 18.019392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.183261, "energy": 90.673704, "activity_lines": [ 38.395747, 36.812287, 35.26929, 33.684793 ] }, { "date": "2025-12-12", "close": 40.590721, "volume": 4910000, "typical_volume": 3611005.0, "trend": 31.912951, "fair_value": 28.277368, "relative_strength": 22.276445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.949187, "energy": 95.03433, "activity_lines": [ 39.333052, 37.708825, 35.905491, 34.277196 ] }, { "date": "2025-12-19", "close": 40.998817, "volume": 5694300, "typical_volume": 3799825.0, "trend": 32.423859, "fair_value": 28.343041, "relative_strength": 21.955614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.613267, "energy": 91.369964, "activity_lines": [ 40.034894, 38.551057, 36.523047, 34.863381 ] }, { "date": "2025-12-26", "close": 40.640491, "volume": 1799600, "typical_volume": 3743975.0, "trend": 32.916957, "fair_value": 28.405412, "relative_strength": 19.324348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.104854, "energy": 71.014544, "activity_lines": [ 40.374407, 39.181948, 37.0451, 35.393486 ] }, { "date": "2026-01-02", "close": 41.008774, "volume": 2208500, "typical_volume": 3643385.0, "trend": 33.435366, "fair_value": 28.466006, "relative_strength": 20.171462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.712921, "energy": 70.341674, "activity_lines": [ 40.699548, 39.75219, 37.558732, 35.915539 ] }, { "date": "2026-01-09", "close": 40.590721, "volume": 4692900, "typical_volume": 3704195.0, "trend": 33.924198, "fair_value": 28.509792, "relative_strength": 15.597246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.564404, "energy": 66.598161, "activity_lines": [ 40.766569, 40.119679, 37.990395, 36.377175 ] }, { "date": "2026-01-16", "close": 41.297428, "volume": 4228000, "typical_volume": 3729910.0, "trend": 34.418271, "fair_value": 28.567862, "relative_strength": 15.348737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.02858, "energy": 66.610589, "activity_lines": [ 40.943743, 40.487874, 38.454496, 36.852867 ] }, { "date": "2026-01-23", "close": 41.795105, "volume": 3309500, "typical_volume": 3762025.0, "trend": 34.917775, "fair_value": 28.624511, "relative_strength": 15.620625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.617202, "energy": 66.956781, "activity_lines": [ 41.239696, 40.83239, 38.93053, 37.328792 ] }, { "date": "2026-01-30", "close": 40.889332, "volume": 4156200, "typical_volume": 3812940.0, "trend": 35.373959, "fair_value": 28.675532, "relative_strength": 16.695764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.950398, "energy": 60.383399, "activity_lines": [ 41.180639, 40.9315, 39.284776, 37.714054 ] }, { "date": "2026-02-06", "close": 42.541626, "volume": 4267400, "typical_volume": 3609880.0, "trend": 35.887189, "fair_value": 28.728514, "relative_strength": 18.528956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.553053, "energy": 65.095072, "activity_lines": [ 41.655757, 41.289102, 39.762011, 38.176484 ] }, { "date": "2026-02-13", "close": 42.183296, "volume": 5448900, "typical_volume": 3717265.0, "trend": 36.35828, "fair_value": 28.781977, "relative_strength": 14.692204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.972564, "energy": 61.081272, "activity_lines": [ 41.909241, 41.521292, 40.160524, 38.582684 ] }, { "date": "2026-02-20", "close": 41.824966, "volume": 4240000, "typical_volume": 3791680.0, "trend": 36.802002, "fair_value": 28.831547, "relative_strength": 10.725793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.039306, "energy": 56.856957, "activity_lines": [ 41.937111, 41.625171, 40.481311, 38.935373 ] }, { "date": "2026-02-27", "close": 43.33791, "volume": 8908000, "typical_volume": 4096300.0, "trend": 37.309612, "fair_value": 28.894125, "relative_strength": 12.427736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.378378, "energy": 62.951637, "activity_lines": [ 42.434126, 41.98169, 40.906655, 39.357045 ] }, { "date": "2026-03-06", "close": 42.889999, "volume": 5888900, "typical_volume": 4169175.0, "trend": 37.689065, "fair_value": 28.964823, "relative_strength": 14.919287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.867959, "energy": 56.942428, "activity_lines": [ 42.678983, 42.214242, 41.239915, 39.71707 ] }, { "date": "2026-03-13", "close": 42.48, "volume": 4066600, "typical_volume": 4204550.0, "trend": 38.03319, "fair_value": 29.035209, "relative_strength": 15.114432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.87893, "energy": 53.133831, "activity_lines": [ 42.653797, 42.331348, 41.489993, 40.026163 ] }, { "date": "2026-03-20", "close": 42.549999, "volume": 5475200, "typical_volume": 4374540.0, "trend": 38.342563, "fair_value": 29.105925, "relative_strength": 19.081772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.36238, "energy": 49.280803, "activity_lines": [ 42.656052, 42.434432, 41.706537, 40.31757 ] }, { "date": "2026-03-27", "close": 42.5, "volume": 3992000, "typical_volume": 4449685.0, "trend": 38.630906, "fair_value": 29.170618, "relative_strength": 15.846355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.003949, "energy": 41.529435, "activity_lines": [ 42.617194, 42.492802, 41.875521, 40.585791 ] }, { "date": "2026-04-03", "close": 43.650002, "volume": 5872700, "typical_volume": 4513325.0, "trend": 38.941408, "fair_value": 29.239533, "relative_strength": 14.314846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.480072, "energy": 44.145762, "activity_lines": [ 42.916667, 42.738398, 42.118403, 40.909604 ] }, { "date": "2026-04-10", "close": 45.060001, "volume": 4638700, "typical_volume": 4568940.0, "trend": 39.321026, "fair_value": 29.32028, "relative_strength": 15.394913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.963732, "energy": 53.977877, "activity_lines": [ 43.665334, 43.206632, 42.465596, 41.304352 ] }, { "date": "2026-04-17", "close": 38.097145, "volume": 7589100, "typical_volume": 4811230.0, "trend": 39.485055, "fair_value": 29.353779, "relative_strength": -4.36562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.325405, "energy": 9.189585, "activity_lines": [ 41.948382, 42.333062, 42.11882, 41.225392 ] }, { "date": "2026-04-24", "close": 39.858692, "volume": 4477300, "typical_volume": 4793190.0, "trend": 39.712754, "fair_value": 29.400886, "relative_strength": 1.134715, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.984971, "energy": 8.763797, "activity_lines": [ 41.110803, 41.860582, 41.945192, 41.249497 ] }, { "date": "2026-05-01", "close": 40.784248, "volume": 4860900, "typical_volume": 4790735.0, "trend": 39.9548, "fair_value": 29.459808, "relative_strength": 3.200299, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.804048, "energy": 18.044641, "activity_lines": [ 40.761163, 41.598651, 41.854239, 41.318626 ] }, { "date": "2026-05-08", "close": 41.052959, "volume": 4736300, "typical_volume": 4742835.0, "trend": 40.224618, "fair_value": 29.508571, "relative_strength": 2.972407, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.367827, "energy": 23.155287, "activity_lines": [ 40.615477, 41.404498, 41.787956, 41.389475 ] }, { "date": "2026-05-15", "close": 39.480507, "volume": 3912700, "typical_volume": 4848490.0, "trend": 40.419905, "fair_value": 29.546542, "relative_strength": -0.561654, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.860618, "energy": 33.721951, "activity_lines": [ 40.118776, 40.965989, 41.571658, 41.341468 ] }, { "date": "2026-05-22", "close": 41.41124, "volume": 4299700, "typical_volume": 4953050.0, "trend": 40.665684, "fair_value": 29.601998, "relative_strength": 2.020759, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.918439, "energy": 14.520804, "activity_lines": [ 40.63762, 40.940514, 41.544764, 41.405425 ] }, { "date": "2026-05-29", "close": 42.038235, "volume": 4439400, "typical_volume": 4940375.0, "trend": 40.948208, "fair_value": 29.662364, "relative_strength": 2.308436, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.729209, "energy": 12.366803, "activity_lines": [ 41.144521, 41.048469, 41.575666, 41.493977 ] }, { "date": "2026-06-05", "close": 42.635365, "volume": 1448000, "typical_volume": 4801375.0, "trend": 41.20211, "fair_value": 29.751924, "relative_strength": 4.365616, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.957615, "energy": 18.140877, "activity_lines": [ 41.705164, 41.274299, 41.656545, 41.602825 ] }, { "date": "2026-06-12", "close": 41.80933, "volume": 1488500, "typical_volume": 4710325.0, "trend": 41.350571, "fair_value": 29.837615, "relative_strength": 0.451894, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.760498, "energy": 14.529103, "activity_lines": [ 41.867053, 41.347479, 41.652383, 41.642001 ] }, { "date": "2026-06-19", "close": 41.310001, "volume": 1749200, "typical_volume": 4589975.0, "trend": 41.441454, "fair_value": 29.925364, "relative_strength": -1.126567, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.118165, "energy": 8.593054, "activity_lines": [ 41.812075, 41.363339, 41.600598, 41.639383 ] }, { "date": "2026-06-26", "close": 42.439999, "volume": 1222100, "typical_volume": 4437710.0, "trend": 41.548547, "fair_value": 30.020058, "relative_strength": 1.205575, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.111708, "energy": 17.284889, "activity_lines": [ 42.011797, 41.652834, 41.654429, 41.703806 ] }, { "date": "2026-07-03", "close": 41.259998, "volume": 239300, "typical_volume": 4177230.0, "trend": 41.633564, "fair_value": 30.11633, "relative_strength": -2.612171, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.931074, "energy": 4.840463, "activity_lines": [ 41.749601, 41.648824, 41.596363, 41.68519 ] }, { "date": "2026-07-10", "close": 41.529999, "volume": 2868800, "typical_volume": 4108670.0, "trend": 41.664873, "fair_value": 30.211285, "relative_strength": -2.404196, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.483933, "energy": 1.06675, "activity_lines": [ 41.629288, 41.668426, 41.568407, 41.678508 ] }, { "date": "2026-07-17", "close": 42.59, "volume": 3617900, "typical_volume": 3844165.0, "trend": 41.717912, "fair_value": 30.315247, "relative_strength": -0.083883, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.256563, "energy": 11.147375, "activity_lines": [ 41.935999, 41.867196, 41.642809, 41.738194 ] }, { "date": "2026-07-24", "close": 39.950001, "volume": 3403500, "typical_volume": 3719895.0, "trend": 41.694896, "fair_value": 30.40581, "relative_strength": -6.693342, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.572836, "energy": 22.004739, "activity_lines": [ 41.310666, 41.55802, 41.469344, 41.624135 ] }, { "date": "2026-07-31", "close": 39.43, "volume": 4122800, "typical_volume": 3722705.0, "trend": 41.64227, "fair_value": 30.492503, "relative_strength": -7.649944, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.141635, "energy": 44.736653, "activity_lines": [ 40.602667, 41.145763, 41.260355, 41.478013 ] }, { "date": "2026-08-07", "close": 40.57, "volume": 2965400, "typical_volume": 3597215.0, "trend": 41.641579, "fair_value": 30.583217, "relative_strength": -7.967773, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.661525, "energy": 42.969465, "activity_lines": [ 40.475333, 40.9768, 41.174461, 41.408834 ] } ], "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." } } }