{ "ticker": { "uuid": "c6aa7b54-8ab3-457c-af1f-3e051b7fd956", "symbol": "SCAR3", "name": "S\u00e3o Carlos Empreendimentos e Participa\u00e7\u00f5es S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -37.785, "architecture_energy": 23.088, "architecture_maturity": 71.503, "architecture_confidence": 70.746, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 36.94, "rotation_up": 27.08, "upward_expansion": 20.13, "deceleration": 46.53, "rotation_down": 25.7, "downward_expansion": 56.46 }, "activity_lines": [ 12.96, 12.772182, 13.081857, 13.438108 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 13.12, "trend_reference": 13.870667, "distance_from_trend": -0.054119, "trend_direction": "Weakening", "fair_value": 14.746888, "distance_from_fair_value": -0.110321, "fair_value_direction": "Weakening", "relative_strength": -13.574115, "relative_strength_direction": "Improving", "price_momentum": -0.135705, "excess_performance": -0.078657, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054119, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.057179, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.110321, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.089283, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.135741, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.015776, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.135705, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.244996, "read": "Demand-led" } ], "volume": { "latest": 34900, "relative_activity": 0.263237, "balance": 1.244996, "dry_up": 0.349035, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.053999, "annualized_volatility": 0.32198, "from_high_reference": -0.390105, "from_low_reference": 0.093333 }, "levels": { "trend_reference": 13.870667, "fair_value_reference": 14.746888, "structural_low": 12.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 33, "median_return": -0.029875, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.023273, "regime_survival": 0.818182, "best_return": 0.255833, "worst_return": -0.266667, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.070782, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.044506, "regime_survival": 0.545455, "best_return": 0.314532, "worst_return": -0.290923, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.108625, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.126537, "regime_survival": 0.714286, "best_return": 0.455428, "worst_return": -0.370611, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.159757, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.307448, "regime_survival": 0.75, "best_return": -0.018994, "worst_return": -0.298345, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-10-11", "tenure": "Developing", "return": -0.114919, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2025-03-07", "tenure": "Established", "return": -0.085076, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-06-20", "tenure": "Established", "return": -0.059967, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-08-08", "tenure": "Developing", "return": 0.065141, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.036437, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-24", "tenure": "Developing", "return": -0.065148, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": 0.075012, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.318649, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.009901, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-02", "end": "2026-01-30", "tenure": "Developing", "return": 0.11399, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.098155, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.123961, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": -0.081855, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.035294, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.853339, "volume": 13200, "typical_volume": 40065.0, "trend": 11.591889, "fair_value": 19.875849, "relative_strength": 18.812894, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.25789, "energy": 73.990464, "activity_lines": [ 15.775746, 15.084305, 13.888931, 12.88587 ] }, { "date": "2023-08-25", "close": 16.237043, "volume": 22400, "typical_volume": 39670.0, "trend": 11.822111, "fair_value": 19.823859, "relative_strength": 21.398261, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.126375, "energy": 66.988924, "activity_lines": [ 15.978256, 15.407197, 14.212704, 13.185557 ] }, { "date": "2023-09-01", "close": 15.386501, "volume": 54700, "typical_volume": 41065.0, "trend": 12.024834, "fair_value": 19.764961, "relative_strength": 13.296751, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.254009, "energy": 59.229232, "activity_lines": [ 15.791094, 15.514053, 14.42837, 13.415518 ] }, { "date": "2023-09-08", "close": 15.687069, "volume": 5000, "typical_volume": 40570.0, "trend": 12.239068, "fair_value": 19.709567, "relative_strength": 18.219211, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.016573, "energy": 52.861799, "activity_lines": [ 15.766794, 15.626141, 14.648968, 13.651791 ] }, { "date": "2023-09-15", "close": 16.307388, "volume": 17000, "typical_volume": 38410.0, "trend": 12.513842, "fair_value": 19.65637, "relative_strength": 19.508434, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.731815, "energy": 53.413869, "activity_lines": [ 15.918143, 15.815202, 14.901543, 13.914263 ] }, { "date": "2023-09-22", "close": 17.055611, "volume": 52700, "typical_volume": 39940.0, "trend": 12.826561, "fair_value": 19.614479, "relative_strength": 27.898117, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.982398, "energy": 54.880372, "activity_lines": [ 16.305257, 16.083329, 15.197634, 14.20728 ] }, { "date": "2023-09-29", "close": 16.755043, "volume": 74700, "typical_volume": 41755.0, "trend": 13.097711, "fair_value": 19.577171, "relative_strength": 25.048202, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.916487, "energy": 53.004701, "activity_lines": [ 16.512031, 16.242043, 15.434433, 14.460731 ] }, { "date": "2023-10-06", "close": 15.34813, "volume": 35500, "typical_volume": 32655.0, "trend": 13.3096, "fair_value": 19.52389, "relative_strength": 17.137896, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.352339, "energy": 43.899895, "activity_lines": [ 16.2153, 16.106584, 15.51227, 14.605919 ] }, { "date": "2023-10-13", "close": 15.328945, "volume": 22800, "typical_volume": 29655.0, "trend": 13.466706, "fair_value": 19.46527, "relative_strength": 15.588649, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.096457, "energy": 32.193, "activity_lines": [ 15.914732, 15.985427, 15.568181, 14.7362 ] }, { "date": "2023-10-20", "close": 15.367315, "volume": 4900, "typical_volume": 28770.0, "trend": 13.657705, "fair_value": 19.408756, "relative_strength": 18.5747, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.1895, "energy": 21.287155, "activity_lines": [ 15.650829, 15.869269, 15.612977, 14.85882 ] }, { "date": "2023-10-27", "close": 14.990008, "volume": 54700, "typical_volume": 30540.0, "trend": 13.84039, "fair_value": 19.357263, "relative_strength": 15.873233, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.930369, "energy": 21.772291, "activity_lines": [ 15.323829, 15.697882, 15.607861, 14.944775 ] }, { "date": "2023-11-03", "close": 15.667884, "volume": 37100, "typical_volume": 31890.0, "trend": 14.011138, "fair_value": 19.301988, "relative_strength": 16.414129, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.921788, "energy": 19.209245, "activity_lines": [ 15.360494, 15.665442, 15.656829, 15.062677 ] }, { "date": "2023-11-10", "close": 14.081911, "volume": 96500, "typical_volume": 36190.0, "trend": 14.133497, "fair_value": 19.234566, "relative_strength": 3.083558, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.113327, "energy": 12.996988, "activity_lines": [ 14.940979, 15.354991, 15.541383, 15.067243 ] }, { "date": "2023-11-17", "close": 13.62786, "volume": 189000, "typical_volume": 42955.0, "trend": 14.254576, "fair_value": 19.158168, "relative_strength": -3.341985, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.144253, "energy": 21.925306, "activity_lines": [ 14.454528, 14.985705, 15.375964, 15.034622 ] }, { "date": "2023-11-24", "close": 14.580724, "volume": 33700, "typical_volume": 41355.0, "trend": 14.391217, "fair_value": 19.056784, "relative_strength": 3.404825, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.880494, "energy": 24.947409, "activity_lines": [ 14.399105, 14.827108, 15.301721, 15.055663 ] }, { "date": "2023-12-01", "close": 15.853339, "volume": 82200, "typical_volume": 44655.0, "trend": 14.565802, "fair_value": 18.977144, "relative_strength": 10.516574, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.290577, "energy": 19.288362, "activity_lines": [ 14.820325, 14.931289, 15.341979, 15.149994 ] }, { "date": "2023-12-08", "close": 14.580724, "volume": 40500, "typical_volume": 46110.0, "trend": 14.668123, "fair_value": 18.904833, "relative_strength": 2.753824, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.788329, "energy": 10.777524, "activity_lines": [ 14.759785, 14.825945, 15.252418, 15.150957 ] }, { "date": "2023-12-15", "close": 14.740599, "volume": 258800, "typical_volume": 58535.0, "trend": 14.788563, "fair_value": 18.830311, "relative_strength": 1.382541, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.290254, "energy": 9.429645, "activity_lines": [ 14.825014, 14.789202, 15.178387, 15.155632 ] }, { "date": "2023-12-22", "close": 16.518425, "volume": 47700, "typical_volume": 58110.0, "trend": 14.931599, "fair_value": 18.762334, "relative_strength": 11.03757, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.680306, "energy": 27.789945, "activity_lines": [ 15.43894, 15.086747, 15.281226, 15.267236 ] }, { "date": "2023-12-29", "close": 17.586399, "volume": 147600, "typical_volume": 64535.0, "trend": 15.103413, "fair_value": 18.695825, "relative_strength": 16.443943, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.807032, "energy": 49.210932, "activity_lines": [ 16.216152, 15.556841, 15.479594, 15.438514 ] }, { "date": "2024-01-05", "close": 16.946894, "volume": 73900, "typical_volume": 67570.0, "trend": 15.241973, "fair_value": 18.640703, "relative_strength": 13.495006, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.648365, "energy": 61.841819, "activity_lines": [ 16.579818, 15.870315, 15.609993, 15.557448 ] }, { "date": "2024-01-12", "close": 17.138746, "volume": 50400, "typical_volume": 68970.0, "trend": 15.384582, "fair_value": 18.586446, "relative_strength": 14.961737, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.529531, "energy": 69.688006, "activity_lines": [ 16.93453, 16.183092, 15.753455, 15.679821 ] }, { "date": "2024-01-19", "close": 17.266647, "volume": 51200, "typical_volume": 68795.0, "trend": 15.53785, "fair_value": 18.539843, "relative_strength": 17.88629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.360235, "energy": 69.916817, "activity_lines": [ 17.161342, 16.49238, 15.904805, 15.801244 ] }, { "date": "2024-01-26", "close": 17.522449, "volume": 30200, "typical_volume": 70055.0, "trend": 15.664686, "fair_value": 18.498034, "relative_strength": 17.357073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.98204, "energy": 67.699798, "activity_lines": [ 17.305017, 16.790273, 16.071563, 15.929283 ] }, { "date": "2024-02-02", "close": 17.266647, "volume": 68000, "typical_volume": 72605.0, "trend": 15.801113, "fair_value": 18.439341, "relative_strength": 16.301031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.136486, "energy": 54.081013, "activity_lines": [ 17.296491, 16.970846, 16.20522, 16.032635 ] }, { "date": "2024-02-09", "close": 16.946894, "volume": 31800, "typical_volume": 71560.0, "trend": 15.897892, "fair_value": 18.399139, "relative_strength": 12.528183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.043237, "energy": 40.995287, "activity_lines": [ 17.202696, 17.044448, 16.303856, 16.106556 ] }, { "date": "2024-02-16", "close": 17.381758, "volume": 4700, "typical_volume": 68060.0, "trend": 15.989128, "fair_value": 18.360349, "relative_strength": 13.650062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.008841, "energy": 39.957676, "activity_lines": [ 17.253857, 17.177232, 16.444425, 16.20229 ] }, { "date": "2024-02-23", "close": 16.556795, "volume": 59500, "typical_volume": 69260.0, "trend": 15.996802, "fair_value": 18.332728, "relative_strength": 6.718611, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.722323, "energy": 26.915104, "activity_lines": [ 17.013829, 17.109096, 16.503443, 16.238913 ] }, { "date": "2024-03-01", "close": 16.473661, "volume": 258100, "typical_volume": 81025.0, "trend": 16.038583, "fair_value": 18.302471, "relative_strength": 5.624714, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.197694, "energy": 19.499579, "activity_lines": [ 16.793413, 16.992822, 16.548787, 16.269678 ] }, { "date": "2024-03-08", "close": 16.320179, "volume": 40700, "typical_volume": 82815.0, "trend": 16.045831, "fair_value": 18.262942, "relative_strength": 5.67614, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.845017, "energy": 18.280403, "activity_lines": [ 16.591756, 16.849457, 16.574062, 16.287846 ] }, { "date": "2024-03-15", "close": 16.051586, "volume": 23000, "typical_volume": 81230.0, "trend": 16.052439, "fair_value": 18.212593, "relative_strength": 3.836202, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.582478, "energy": 17.861998, "activity_lines": [ 16.363665, 16.680278, 16.56922, 16.288217 ] }, { "date": "2024-03-22", "close": 16.882944, "volume": 28700, "typical_volume": 80810.0, "trend": 16.073969, "fair_value": 18.164542, "relative_strength": 8.364428, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.038588, "energy": 19.398266, "activity_lines": [ 16.472381, 16.678534, 16.6385, 16.341798 ] }, { "date": "2024-03-29", "close": 17.56082, "volume": 21300, "typical_volume": 77050.0, "trend": 16.146446, "fair_value": 18.119622, "relative_strength": 11.004719, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.548909, "energy": 26.116583, "activity_lines": [ 16.84031, 16.804692, 16.766554, 16.437724 ] }, { "date": "2024-04-05", "close": 17.260252, "volume": 10000, "typical_volume": 68100.0, "trend": 16.198886, "fair_value": 18.071239, "relative_strength": 9.694224, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.040382, "energy": 33.043335, "activity_lines": [ 17.041115, 16.870851, 16.849415, 16.509582 ] }, { "date": "2024-04-12", "close": 16.480055, "volume": 32300, "typical_volume": 68030.0, "trend": 16.204641, "fair_value": 18.015227, "relative_strength": 4.907167, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.738264, "energy": 27.182894, "activity_lines": [ 16.929414, 16.799924, 16.840675, 16.527722 ] }, { "date": "2024-04-19", "close": 16.224253, "volume": 41000, "typical_volume": 65970.0, "trend": 16.17693, "fair_value": 17.959758, "relative_strength": 3.416877, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.733568, "energy": 15.038851, "activity_lines": [ 16.721788, 16.696789, 16.798529, 16.528988 ] }, { "date": "2024-04-26", "close": 16.441685, "volume": 48300, "typical_volume": 66360.0, "trend": 16.166484, "fair_value": 17.912719, "relative_strength": 3.173447, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.37025, "energy": 9.102333, "activity_lines": [ 16.575128, 16.646327, 16.775324, 16.546069 ] }, { "date": "2024-05-03", "close": 17.487396, "volume": 153800, "typical_volume": 61110.0, "trend": 16.237793, "fair_value": 17.864763, "relative_strength": 7.46585, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.52482, "energy": 17.720814, "activity_lines": [ 16.806456, 16.803085, 16.842849, 16.631289 ] }, { "date": "2024-05-10", "close": 16.766125, "volume": 44500, "typical_volume": 60950.0, "trend": 16.285699, "fair_value": 17.812388, "relative_strength": 3.370714, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.706634, "energy": 7.603036, "activity_lines": [ 16.802255, 16.811784, 16.828601, 16.665375 ] }, { "date": "2024-05-17", "close": 16.323837, "volume": 23000, "typical_volume": 54720.0, "trend": 16.317583, "fair_value": 17.750114, "relative_strength": -0.19513, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.681496, "energy": 3.951983, "activity_lines": [ 16.683566, 16.734749, 16.771052, 16.667835 ] }, { "date": "2024-05-24", "close": 16.34425, "volume": 25000, "typical_volume": 52275.0, "trend": 16.362725, "fair_value": 17.68352, "relative_strength": 2.692107, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.556578, "energy": 4.493693, "activity_lines": [ 16.582097, 16.661359, 16.721458, 16.669556 ] }, { "date": "2024-05-31", "close": 17.623484, "volume": 109100, "typical_volume": 55210.0, "trend": 16.427911, "fair_value": 17.625413, "relative_strength": 12.161137, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.585998, "energy": 20.52794, "activity_lines": [ 16.899038, 16.815236, 16.796566, 16.750895 ] }, { "date": "2024-06-07", "close": 15.91557, "volume": 57400, "typical_volume": 55520.0, "trend": 16.489033, "fair_value": 17.552111, "relative_strength": 2.064825, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.253466, "energy": 7.098287, "activity_lines": [ 16.567889, 16.645118, 16.706708, 16.717841 ] }, { "date": "2024-06-14", "close": 15.337194, "volume": 60900, "typical_volume": 57055.0, "trend": 16.546011, "fair_value": 17.485023, "relative_strength": -1.02902, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.126559, "energy": 35.071332, "activity_lines": [ 16.148736, 16.399755, 16.568199, 16.643528 ] }, { "date": "2024-06-21", "close": 15.269151, "volume": 35100, "typical_volume": 55410.0, "trend": 16.568959, "fair_value": 17.408516, "relative_strength": -3.109999, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.519787, "energy": 53.694134, "activity_lines": [ 15.802164, 16.176985, 16.433617, 16.56115 ] }, { "date": "2024-06-28", "close": 16.534775, "volume": 143700, "typical_volume": 61005.0, "trend": 16.591673, "fair_value": 17.345634, "relative_strength": 2.485917, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.295367, "energy": 46.673973, "activity_lines": [ 15.947779, 16.206346, 16.429081, 16.558945 ] }, { "date": "2024-07-05", "close": 15.786286, "volume": 51200, "typical_volume": 63330.0, "trend": 16.631859, "fair_value": 17.286855, "relative_strength": -4.183464, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.820675, "energy": 46.646659, "activity_lines": [ 15.831196, 16.093971, 16.355224, 16.506985 ] }, { "date": "2024-07-12", "close": 15.459673, "volume": 20900, "typical_volume": 61400.0, "trend": 16.655828, "fair_value": 17.222676, "relative_strength": -8.089032, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.609725, "energy": 39.90925, "activity_lines": [ 15.728222, 15.934128, 16.257858, 16.43136 ] }, { "date": "2024-07-19", "close": 15.051408, "volume": 20900, "typical_volume": 49540.0, "trend": 16.606927, "fair_value": 17.151755, "relative_strength": -9.566369, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.70749, "energy": 38.054714, "activity_lines": [ 15.519553, 15.736924, 16.126834, 16.327849 ] }, { "date": "2024-07-26", "close": 15.99042, "volume": 123100, "typical_volume": 53660.0, "trend": 16.553728, "fair_value": 17.083792, "relative_strength": -3.683053, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.025675, "energy": 32.85725, "activity_lines": [ 15.64294, 15.741625, 16.092013, 16.288074 ] }, { "date": "2024-08-02", "close": 16.385077, "volume": 119000, "typical_volume": 58460.0, "trend": 16.535001, "fair_value": 17.025136, "relative_strength": -0.06318, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.978781, "energy": 20.585955, "activity_lines": [ 15.849795, 15.824144, 16.096348, 16.277193 ] }, { "date": "2024-08-09", "close": 15.91557, "volume": 53700, "typical_volume": 59710.0, "trend": 16.494228, "fair_value": 16.972086, "relative_strength": -6.264041, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.190893, "energy": 17.900217, "activity_lines": [ 15.910127, 15.820556, 16.05438, 16.23723 ] }, { "date": "2024-08-16", "close": 16.255793, "volume": 50100, "typical_volume": 61150.0, "trend": 16.460533, "fair_value": 16.929301, "relative_strength": -6.42437, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.795959, "energy": 15.589442, "activity_lines": [ 16.075248, 15.90988, 16.049421, 16.221847 ] }, { "date": "2024-08-23", "close": 15.650198, "volume": 152000, "typical_volume": 68250.0, "trend": 16.398125, "fair_value": 16.871854, "relative_strength": -10.681935, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.382133, "energy": 15.674042, "activity_lines": [ 15.98543, 15.88291, 15.993, 16.169568 ] }, { "date": "2024-08-30", "close": 16.874994, "volume": 77300, "typical_volume": 70500.0, "trend": 16.385069, "fair_value": 16.818993, "relative_strength": -3.880194, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.500769, "energy": 5.477136, "activity_lines": [ 16.263957, 16.072938, 16.060894, 16.200333 ] }, { "date": "2024-09-06", "close": 15.725046, "volume": 88200, "typical_volume": 72860.0, "trend": 16.344341, "fair_value": 16.775256, "relative_strength": -9.217673, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.737486, "energy": 11.114407, "activity_lines": [ 16.100197, 16.024689, 16.017388, 16.157751 ] }, { "date": "2024-09-13", "close": 15.786286, "volume": 16600, "typical_volume": 71275.0, "trend": 16.291159, "fair_value": 16.722111, "relative_strength": -8.797273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.741688, "energy": 14.618121, "activity_lines": [ 16.000852, 16.002296, 15.982092, 16.121748 ] }, { "date": "2024-09-20", "close": 15.309976, "volume": 69200, "typical_volume": 67045.0, "trend": 16.249598, "fair_value": 16.665955, "relative_strength": -8.559187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.894537, "energy": 27.937163, "activity_lines": [ 15.751357, 15.893301, 15.904554, 16.058445 ] }, { "date": "2024-09-27", "close": 15.36441, "volume": 69300, "typical_volume": 68285.0, "trend": 16.212623, "fair_value": 16.618885, "relative_strength": -9.001876, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.159683, "energy": 46.416109, "activity_lines": [ 15.58306, 15.796926, 15.842569, 16.001337 ] }, { "date": "2024-10-04", "close": 15.983615, "volume": 41300, "typical_volume": 69200.0, "trend": 16.201404, "fair_value": 16.568271, "relative_strength": -4.470824, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.018193, "energy": 39.257033, "activity_lines": [ 15.640217, 15.807442, 15.84623, 15.986562 ] }, { "date": "2024-10-11", "close": 14.935732, "volume": 74800, "typical_volume": 71690.0, "trend": 16.164209, "fair_value": 16.509675, "relative_strength": -9.256675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.728786, "energy": 52.90876, "activity_lines": [ 15.407506, 15.627557, 15.751713, 15.904906 ] }, { "date": "2024-10-18", "close": 14.350552, "volume": 46700, "typical_volume": 68570.0, "trend": 16.079796, "fair_value": 16.454718, "relative_strength": -12.808517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.100694, "energy": 61.365619, "activity_lines": [ 15.032355, 15.367628, 15.608172, 15.787895 ] }, { "date": "2024-10-25", "close": 14.275702, "volume": 19700, "typical_volume": 66685.0, "trend": 15.970292, "fair_value": 16.395157, "relative_strength": -12.559994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.926301, "energy": 66.959323, "activity_lines": [ 14.72797, 15.122545, 15.473088, 15.671502 ] }, { "date": "2024-11-01", "close": 14.983363, "volume": 100000, "typical_volume": 68640.0, "trend": 15.894396, "fair_value": 16.342704, "relative_strength": -6.732848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.355508, "energy": 62.858266, "activity_lines": [ 14.728424, 15.042129, 15.413209, 15.607829 ] }, { "date": "2024-11-08", "close": 14.153222, "volume": 96800, "typical_volume": 71725.0, "trend": 15.816835, "fair_value": 16.2844, "relative_strength": -11.618197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.775571, "energy": 67.742548, "activity_lines": [ 14.477567, 14.822902, 15.275954, 15.495496 ] }, { "date": "2024-11-15", "close": 13.75176, "volume": 174400, "typical_volume": 73260.0, "trend": 15.734418, "fair_value": 16.222011, "relative_strength": -14.081732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.344887, "energy": 67.114998, "activity_lines": [ 14.214916, 14.580169, 15.105778, 15.362265 ] }, { "date": "2024-11-22", "close": 14.017134, "volume": 74500, "typical_volume": 74425.0, "trend": 15.6536, "fair_value": 16.175532, "relative_strength": -13.227378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.138723, "energy": 54.976127, "activity_lines": [ 14.119654, 14.421564, 14.974128, 15.251472 ] }, { "date": "2024-11-29", "close": 14.010329, "volume": 150900, "typical_volume": 80925.0, "trend": 15.537698, "fair_value": 16.124519, "relative_strength": -10.714569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.402813, "energy": 60.459873, "activity_lines": [ 14.044351, 14.293888, 14.850255, 15.145455 ] }, { "date": "2024-12-06", "close": 13.112144, "volume": 126600, "typical_volume": 86210.0, "trend": 15.415898, "fair_value": 16.074239, "relative_strength": -16.486467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.23787, "energy": 71.717831, "activity_lines": [ 13.687345, 14.026536, 14.647742, 14.988968 ] }, { "date": "2024-12-13", "close": 13.003273, "volume": 161900, "typical_volume": 88150.0, "trend": 15.305213, "fair_value": 16.012891, "relative_strength": -16.178614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.180084, "energy": 71.997139, "activity_lines": [ 13.418797, 13.780339, 14.444095, 14.833314 ] }, { "date": "2024-12-20", "close": 13.540823, "volume": 398100, "typical_volume": 102105.0, "trend": 15.211765, "fair_value": 15.951968, "relative_strength": -10.732556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.679045, "energy": 63.860823, "activity_lines": [ 13.406095, 13.686067, 14.305868, 14.719483 ] }, { "date": "2024-12-27", "close": 14.18044, "volume": 342700, "typical_volume": 116555.0, "trend": 15.096997, "fair_value": 15.874566, "relative_strength": -4.897464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.782001, "energy": 46.058137, "activity_lines": [ 13.620662, 13.73345, 14.242101, 14.652946 ] }, { "date": "2025-01-03", "close": 12.602999, "volume": 561700, "typical_volume": 142135.0, "trend": 14.986578, "fair_value": 15.801873, "relative_strength": -13.944648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.056382, "energy": 49.719832, "activity_lines": [ 13.298528, 13.49712, 14.036364, 14.492043 ] }, { "date": "2025-01-10", "close": 11.994732, "volume": 318000, "typical_volume": 150435.0, "trend": 14.875163, "fair_value": 15.7301, "relative_strength": -17.938363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.972336, "energy": 54.111668, "activity_lines": [ 12.86746, 13.180607, 13.790091, 14.29902 ] }, { "date": "2025-01-17", "close": 11.742523, "volume": 82200, "typical_volume": 150680.0, "trend": 14.757608, "fair_value": 15.646134, "relative_strength": -21.475393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.953545, "energy": 68.137457, "activity_lines": [ 12.426816, 12.872578, 13.537205, 14.096914 ] }, { "date": "2025-01-24", "close": 12.298865, "volume": 184900, "typical_volume": 155515.0, "trend": 14.616411, "fair_value": 15.565899, "relative_strength": -17.359546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.582328, "energy": 73.261828, "activity_lines": [ 12.25567, 12.709532, 13.361744, 13.938286 ] }, { "date": "2025-01-31", "close": 13.990145, "volume": 194300, "typical_volume": 164400.0, "trend": 14.55654, "fair_value": 15.50859, "relative_strength": -8.383581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.149077, "energy": 42.950455, "activity_lines": [ 12.731081, 12.880408, 13.363673, 13.897882 ] }, { "date": "2025-02-07", "close": 13.181595, "volume": 89300, "typical_volume": 165405.0, "trend": 14.480604, "fair_value": 15.446548, "relative_strength": -12.257693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.248256, "energy": 29.941459, "activity_lines": [ 12.949662, 12.904766, 13.297149, 13.809175 ] }, { "date": "2025-02-14", "close": 12.654923, "volume": 139300, "typical_volume": 168905.0, "trend": 14.400721, "fair_value": 15.375005, "relative_strength": -17.651286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.767077, "energy": 23.579642, "activity_lines": [ 12.954112, 12.848433, 13.190602, 13.691389 ] }, { "date": "2025-02-21", "close": 12.944222, "volume": 63500, "typical_volume": 170015.0, "trend": 14.299181, "fair_value": 15.313442, "relative_strength": -14.688458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.881457, "energy": 20.191456, "activity_lines": [ 13.010983, 12.853013, 13.12451, 13.597422 ] }, { "date": "2025-02-28", "close": 13.923384, "volume": 168900, "typical_volume": 174720.0, "trend": 14.217125, "fair_value": 15.263463, "relative_strength": -4.78317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.594288, "energy": 12.936432, "activity_lines": [ 13.314127, 13.036697, 13.166144, 13.573177 ] }, { "date": "2025-03-07", "close": 13.12967, "volume": 288400, "typical_volume": 186805.0, "trend": 14.124262, "fair_value": 15.200639, "relative_strength": -11.481904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.34603, "energy": 13.450212, "activity_lines": [ 13.2444, 13.069112, 13.137007, 13.503018 ] }, { "date": "2025-03-14", "close": 13.359624, "volume": 297100, "typical_volume": 200675.0, "trend": 14.027723, "fair_value": 15.146638, "relative_strength": -12.343321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.736668, "energy": 11.25256, "activity_lines": [ 13.308688, 13.162443, 13.135585, 13.453687 ] }, { "date": "2025-03-21", "close": 13.166759, "volume": 553300, "typical_volume": 223340.0, "trend": 13.944941, "fair_value": 15.091973, "relative_strength": -15.36009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.68722, "energy": 11.047358, "activity_lines": [ 13.296819, 13.20695, 13.120156, 13.398141 ] }, { "date": "2025-03-28", "close": 13.648921, "volume": 452400, "typical_volume": 241120.0, "trend": 13.837406, "fair_value": 15.028394, "relative_strength": -11.479277, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.103916, "energy": 6.034362, "activity_lines": [ 13.411549, 13.317814, 13.159298, 13.379043 ] }, { "date": "2025-04-04", "close": 12.432387, "volume": 758900, "typical_volume": 270345.0, "trend": 13.72765, "fair_value": 14.959059, "relative_strength": -15.893656, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.872142, "energy": 18.931711, "activity_lines": [ 13.073788, 13.172828, 13.084981, 13.288396 ] }, { "date": "2025-04-11", "close": 12.172761, "volume": 375100, "typical_volume": 285375.0, "trend": 13.6072, "fair_value": 14.88614, "relative_strength": -17.439386, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.302873, "energy": 40.840559, "activity_lines": [ 12.748884, 12.978209, 12.992221, 13.188081 ] }, { "date": "2025-04-18", "close": 12.38788, "volume": 133900, "typical_volume": 284525.0, "trend": 13.509796, "fair_value": 14.822643, "relative_strength": -16.782909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.996627, "energy": 47.324986, "activity_lines": [ 12.55948, 12.855747, 12.928731, 13.109415 ] }, { "date": "2025-04-25", "close": 13.151922, "volume": 136000, "typical_volume": 284995.0, "trend": 13.436047, "fair_value": 14.756695, "relative_strength": -14.524331, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.618186, "energy": 39.300171, "activity_lines": [ 12.689541, 12.886632, 12.945733, 13.086327 ] }, { "date": "2025-05-02", "close": 12.847789, "volume": 281500, "typical_volume": 290975.0, "trend": 13.331519, "fair_value": 14.697624, "relative_strength": -16.166101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.733941, "energy": 35.265258, "activity_lines": [ 12.719212, 12.853184, 12.93358, 13.048374 ] }, { "date": "2025-05-09", "close": 13.292863, "volume": 108400, "typical_volume": 276490.0, "trend": 13.276757, "fair_value": 14.654523, "relative_strength": -13.639273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.177979, "energy": 10.027824, "activity_lines": [ 12.950651, 12.902412, 12.964556, 13.045881 ] }, { "date": "2025-05-16", "close": 13.203848, "volume": 110300, "typical_volume": 264870.0, "trend": 13.238533, "fair_value": 14.607983, "relative_strength": -15.397031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.638021, "energy": 14.068618, "activity_lines": [ 13.095052, 12.946919, 12.988235, 13.041177 ] }, { "date": "2025-05-23", "close": 12.758775, "volume": 88800, "typical_volume": 241225.0, "trend": 13.187969, "fair_value": 14.555761, "relative_strength": -16.885677, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.309831, "energy": 14.311181, "activity_lines": [ 13.022357, 12.909155, 12.974176, 13.010225 ] }, { "date": "2025-05-30", "close": 12.610416, "volume": 191300, "typical_volume": 234890.0, "trend": 13.108871, "fair_value": 14.507056, "relative_strength": -16.621268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.513185, "energy": 14.246229, "activity_lines": [ 12.875483, 12.855342, 12.945246, 12.972963 ] }, { "date": "2025-06-06", "close": 12.417551, "volume": 72400, "typical_volume": 234400.0, "trend": 13.051015, "fair_value": 14.464945, "relative_strength": -16.750291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.476781, "energy": 31.528619, "activity_lines": [ 12.70042, 12.776577, 12.895016, 12.928362 ] }, { "date": "2025-06-13", "close": 12.602999, "volume": 45000, "typical_volume": 227405.0, "trend": 13.012723, "fair_value": 14.42808, "relative_strength": -15.653574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.068777, "energy": 37.578071, "activity_lines": [ 12.615856, 12.753919, 12.859234, 12.899457 ] }, { "date": "2025-06-20", "close": 12.558492, "volume": 94000, "typical_volume": 222390.0, "trend": 12.964102, "fair_value": 14.39954, "relative_strength": -15.380215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.96263, "energy": 42.341654, "activity_lines": [ 12.562448, 12.720067, 12.817764, 12.870152 ] }, { "date": "2025-06-27", "close": 12.640089, "volume": 91200, "typical_volume": 222485.0, "trend": 12.918427, "fair_value": 14.361847, "relative_strength": -14.047318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.588445, "energy": 40.654151, "activity_lines": [ 12.579262, 12.694037, 12.790883, 12.849248 ] }, { "date": "2025-07-04", "close": 12.714267, "volume": 198400, "typical_volume": 225440.0, "trend": 12.905165, "fair_value": 14.339307, "relative_strength": -15.831701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.117146, "energy": 27.067351, "activity_lines": [ 12.628714, 12.676908, 12.773646, 12.836077 ] }, { "date": "2025-07-11", "close": 12.321119, "volume": 143100, "typical_volume": 229420.0, "trend": 12.882426, "fair_value": 14.315393, "relative_strength": -14.813326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.279157, "energy": 32.268383, "activity_lines": [ 12.540194, 12.596255, 12.718683, 12.798396 ] }, { "date": "2025-07-18", "close": 12.469477, "volume": 126200, "typical_volume": 227285.0, "trend": 12.846715, "fair_value": 14.291816, "relative_strength": -11.583027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.291226, "energy": 28.215637, "activity_lines": [ 12.507555, 12.552153, 12.680816, 12.771754 ] }, { "date": "2025-07-25", "close": 12.373044, "volume": 100800, "typical_volume": 217905.0, "trend": 12.786468, "fair_value": 14.267129, "relative_strength": -11.834825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.676079, "energy": 35.330043, "activity_lines": [ 12.451674, 12.505487, 12.640689, 12.741195 ] }, { "date": "2025-08-01", "close": 13.352206, "volume": 435000, "typical_volume": 224800.0, "trend": 12.811442, "fair_value": 14.245398, "relative_strength": -3.558537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.461987, "energy": 6.6225, "activity_lines": [ 12.734543, 12.651957, 12.697418, 12.777694 ] }, { "date": "2025-08-08", "close": 13.463474, "volume": 127900, "typical_volume": 203530.0, "trend": 12.8604, "fair_value": 14.218149, "relative_strength": -4.842962, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.722175, "energy": 21.393092, "activity_lines": [ 13.007027, 12.807868, 12.76478, 12.819761 ] }, { "date": "2025-08-15", "close": 14.657755, "volume": 310200, "typical_volume": 196420.0, "trend": 12.957574, "fair_value": 14.201466, "relative_strength": 3.53759, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.682681, "energy": 66.09794, "activity_lines": [ 13.627657, 13.16541, 12.944469, 12.935719 ] }, { "date": "2025-08-22", "close": 15.191843, "volume": 286400, "typical_volume": 172795.0, "trend": 13.054007, "fair_value": 14.192266, "relative_strength": 6.148869, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.90464, "energy": 91.064101, "activity_lines": [ 14.270541, 13.579328, 13.17022, 13.079866 ] }, { "date": "2025-08-29", "close": 16.282274, "volume": 202200, "typical_volume": 164150.0, "trend": 13.130411, "fair_value": 14.193949, "relative_strength": 11.173715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.061694, "energy": 97.535488, "activity_lines": [ 15.095411, 14.144437, 13.486682, 13.288141 ] }, { "date": "2025-09-05", "close": 16.393541, "volume": 40400, "typical_volume": 159475.0, "trend": 13.237476, "fair_value": 14.196551, "relative_strength": 11.017277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.25577, "energy": 96.403323, "activity_lines": [ 15.696754, 14.662071, 13.794171, 13.498665 ] }, { "date": "2025-09-12", "close": 15.191843, "volume": 148500, "typical_volume": 160100.0, "trend": 13.32204, "fair_value": 14.19145, "relative_strength": 3.342382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.176692, "energy": 88.176011, "activity_lines": [ 15.694776, 14.892969, 13.968138, 13.624754 ] }, { "date": "2025-09-19", "close": 15.266022, "volume": 151700, "typical_volume": 153610.0, "trend": 13.399433, "fair_value": 14.185882, "relative_strength": 1.518619, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.133932, "energy": 78.921485, "activity_lines": [ 15.6023, 15.092308, 14.139456, 13.750172 ] }, { "date": "2025-09-26", "close": 15.918796, "volume": 84800, "typical_volume": 152430.0, "trend": 13.465947, "fair_value": 14.186424, "relative_strength": 6.288875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.050354, "energy": 63.263593, "activity_lines": [ 15.686864, 15.35679, 14.361428, 13.912711 ] }, { "date": "2025-10-03", "close": 15.941051, "volume": 380300, "typical_volume": 165930.0, "trend": 13.55966, "fair_value": 14.181206, "relative_strength": 7.572766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.985339, "energy": 55.9819, "activity_lines": [ 15.730382, 15.562603, 14.573014, 14.072395 ] }, { "date": "2025-10-10", "close": 15.503394, "volume": 277400, "typical_volume": 175360.0, "trend": 13.631119, "fair_value": 14.178102, "relative_strength": 7.332128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.90232, "energy": 49.188511, "activity_lines": [ 15.650763, 15.623969, 14.729885, 14.197798 ] }, { "date": "2025-10-17", "close": 15.503394, "volume": 117600, "typical_volume": 171675.0, "trend": 13.709006, "fair_value": 14.171718, "relative_strength": 5.333554, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.641262, "energy": 42.965798, "activity_lines": [ 15.630488, 15.646223, 14.873686, 14.31859 ] }, { "date": "2025-10-24", "close": 15.221515, "volume": 154900, "typical_volume": 175800.0, "trend": 13.761426, "fair_value": 14.158609, "relative_strength": 1.566262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.249975, "energy": 35.303865, "activity_lines": [ 15.495482, 15.580136, 14.976865, 14.416171 ] }, { "date": "2025-10-31", "close": 15.525649, "volume": 294800, "typical_volume": 188290.0, "trend": 13.864535, "fair_value": 14.146834, "relative_strength": 1.512276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.942782, "energy": 30.565685, "activity_lines": [ 15.464822, 15.559096, 15.095658, 14.529992 ] }, { "date": "2025-11-07", "close": 15.199261, "volume": 219400, "typical_volume": 194560.0, "trend": 13.965418, "fair_value": 14.135426, "relative_strength": -3.320653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.373305, "energy": 24.563383, "activity_lines": [ 15.351575, 15.472644, 15.169448, 14.616103 ] }, { "date": "2025-11-14", "close": 17.483973, "volume": 694500, "typical_volume": 224725.0, "trend": 14.135288, "fair_value": 14.153216, "relative_strength": 8.554821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.250631, "energy": 48.426454, "activity_lines": [ 16.049352, 15.821285, 15.448255, 14.843107 ] }, { "date": "2025-11-21", "close": 16.690258, "volume": 219100, "typical_volume": 225760.0, "trend": 14.253233, "fair_value": 14.16387, "relative_strength": 5.628914, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 64.231183, "energy": 49.588908, "activity_lines": [ 16.350519, 16.005789, 15.628404, 15.007943 ] }, { "date": "2025-11-28", "close": 20.532726, "volume": 2091100, "typical_volume": 323160.0, "trend": 14.509397, "fair_value": 14.19403, "relative_strength": 26.015135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.577044, "energy": 87.018586, "activity_lines": [ 17.853383, 16.861679, 16.155569, 15.413072 ] }, { "date": "2025-12-05", "close": 14.16, "volume": 4790100, "typical_volume": 556355.0, "trend": 14.538302, "fair_value": 14.193792, "relative_strength": -11.921985, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.201902, "energy": 36.019792, "activity_lines": [ 16.877926, 16.463133, 16.036705, 15.39053 ] }, { "date": "2025-12-12", "close": 13.99, "volume": 980600, "typical_volume": 600345.0, "trend": 14.564507, "fair_value": 14.209683, "relative_strength": -14.53939, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.660975, "energy": 14.376239, "activity_lines": [ 15.936844, 16.065656, 15.8936, 15.355156 ] }, { "date": "2025-12-19", "close": 13.13, "volume": 561000, "typical_volume": 606645.0, "trend": 14.576881, "fair_value": 14.220511, "relative_strength": -18.199066, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.690762, "energy": 14.284017, "activity_lines": [ 14.789714, 15.547289, 15.66089, 15.262607 ] }, { "date": "2025-12-26", "close": 13.26, "volume": 271200, "typical_volume": 613810.0, "trend": 14.598534, "fair_value": 14.231107, "relative_strength": -18.081694, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.46959, "energy": 38.25987, "activity_lines": [ 13.976182, 15.095712, 15.44162, 15.177647 ] }, { "date": "2026-01-02", "close": 13.51, "volume": 289500, "typical_volume": 612775.0, "trend": 14.634949, "fair_value": 14.24802, "relative_strength": -15.995095, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.859152, "energy": 45.073162, "activity_lines": [ 13.474667, 14.730377, 15.247128, 15.107419 ] }, { "date": "2026-01-09", "close": 13.7, "volume": 252400, "typical_volume": 611075.0, "trend": 14.671515, "fair_value": 14.269184, "relative_strength": -16.014813, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.562163, "energy": 50.615359, "activity_lines": [ 13.504667, 14.430707, 15.076197, 15.0471 ] }, { "date": "2026-01-16", "close": 13.7, "volume": 337200, "typical_volume": 617825.0, "trend": 14.709566, "fair_value": 14.294858, "relative_strength": -16.537107, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.388862, "energy": 44.627518, "activity_lines": [ 13.565333, 14.16423, 14.91237, 14.984421 ] }, { "date": "2026-01-23", "close": 14.62, "volume": 283800, "typical_volume": 629995.0, "trend": 14.775563, "fair_value": 14.328766, "relative_strength": -17.635954, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.485581, "energy": 21.113958, "activity_lines": [ 13.952, 14.092286, 14.848458, 14.978643 ] }, { "date": "2026-01-30", "close": 15.05, "volume": 446500, "typical_volume": 644895.0, "trend": 14.853421, "fair_value": 14.365594, "relative_strength": -15.929523, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.862872, "energy": 7.121307, "activity_lines": [ 14.382667, 14.150595, 14.833945, 14.996349 ] }, { "date": "2026-02-06", "close": 15.18, "volume": 166100, "typical_volume": 645615.0, "trend": 14.948717, "fair_value": 14.403543, "relative_strength": -15.563334, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.290988, "energy": 7.958068, "activity_lines": [ 14.737333, 14.262364, 14.832487, 15.017418 ] }, { "date": "2026-02-13", "close": 14.88, "volume": 157500, "typical_volume": 649250.0, "trend": 15.029067, "fair_value": 14.447234, "relative_strength": -18.490414, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.931212, "energy": 18.477072, "activity_lines": [ 14.880667, 14.416909, 14.802868, 15.012985 ] }, { "date": "2026-02-20", "close": 15.1, "volume": 90400, "typical_volume": 634755.0, "trend": 15.119966, "fair_value": 14.494836, "relative_strength": -18.691713, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.363801, "energy": 16.50097, "activity_lines": [ 15.018667, 14.598364, 14.799148, 15.017561 ] }, { "date": "2026-02-27", "close": 15.29, "volume": 189300, "typical_volume": 630350.0, "trend": 15.184559, "fair_value": 14.537589, "relative_strength": -16.372276, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.013776, "energy": 15.473424, "activity_lines": [ 15.126667, 14.794182, 14.817528, 15.028531 ] }, { "date": "2026-03-06", "close": 14.31, "volume": 231500, "typical_volume": 636045.0, "trend": 15.212776, "fair_value": 14.571682, "relative_strength": -17.206214, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.77324, "energy": 15.714423, "activity_lines": [ 14.863333, 14.772545, 14.743591, 14.972108 ] }, { "date": "2026-03-13", "close": 13.69, "volume": 198000, "typical_volume": 638200.0, "trend": 15.180518, "fair_value": 14.591389, "relative_strength": -19.604295, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.165492, "energy": 31.645151, "activity_lines": [ 14.442667, 14.619091, 14.616289, 14.873864 ] }, { "date": "2026-03-20", "close": 13.23, "volume": 132300, "typical_volume": 630075.0, "trend": 15.115123, "fair_value": 14.614419, "relative_strength": -21.287937, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.091973, "energy": 64.490865, "activity_lines": [ 13.968, 14.378727, 14.452471, 14.748024 ] }, { "date": "2026-03-27", "close": 15.11, "volume": 303600, "typical_volume": 634285.0, "trend": 15.076047, "fair_value": 14.65032, "relative_strength": -12.388183, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.95545, "energy": 38.246581, "activity_lines": [ 14.23, 14.488727, 14.478632, 14.747694 ] }, { "date": "2026-04-03", "close": 14.87, "volume": 198200, "typical_volume": 609470.0, "trend": 15.025263, "fair_value": 14.678041, "relative_strength": -16.442663, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.585891, "energy": 26.004742, "activity_lines": [ 14.411333, 14.529455, 14.482361, 14.734401 ] }, { "date": "2026-04-10", "close": 14.66, "volume": 155700, "typical_volume": 606300.0, "trend": 15.007535, "fair_value": 14.705277, "relative_strength": -21.156354, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.498193, "energy": 11.985833, "activity_lines": [ 14.550667, 14.527455, 14.478537, 14.710835 ] }, { "date": "2026-04-17", "close": 15.33, "volume": 279300, "typical_volume": 515710.0, "trend": 15.009667, "fair_value": 14.739473, "relative_strength": -16.589989, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.821711, "energy": 12.846598, "activity_lines": [ 14.89, 14.654364, 14.54819, 14.731639 ] }, { "date": "2026-04-24", "close": 14.51, "volume": 111400, "typical_volume": 281775.0, "trend": 14.962707, "fair_value": 14.765297, "relative_strength": -18.627682, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.081853, "energy": 13.374408, "activity_lines": [ 14.846667, 14.629455, 14.564524, 14.699403 ] }, { "date": "2026-05-01", "close": 14.85, "volume": 419200, "typical_volume": 253705.0, "trend": 14.926339, "fair_value": 14.792439, "relative_strength": -14.920875, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.857056, "energy": 10.714155, "activity_lines": [ 14.831333, 14.673091, 14.611571, 14.692131 ] }, { "date": "2026-05-08", "close": 14.5, "volume": 343000, "typical_volume": 242805.0, "trend": 14.892893, "fair_value": 14.811599, "relative_strength": -15.151674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.471333, "energy": 10.437352, "activity_lines": [ 14.716667, 14.657636, 14.62119, 14.664626 ] }, { "date": "2026-05-15", "close": 13.76, "volume": 143900, "typical_volume": 236440.0, "trend": 14.834779, "fair_value": 14.828474, "relative_strength": -16.082687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.04268, "energy": 28.805114, "activity_lines": [ 14.38, 14.522, 14.55381, 14.591536 ] }, { "date": "2026-05-22", "close": 13.46, "volume": 83000, "typical_volume": 226115.0, "trend": 14.776062, "fair_value": 14.836376, "relative_strength": -17.133059, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.598666, "energy": 48.772361, "activity_lines": [ 14.003333, 14.341818, 14.455476, 14.50284 ] }, { "date": "2026-05-29", "close": 13.6, "volume": 258100, "typical_volume": 226400.0, "trend": 14.711874, "fair_value": 14.843863, "relative_strength": -14.859625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.140861, "energy": 57.56226, "activity_lines": [ 13.798, 14.191273, 14.370714, 14.426965 ] }, { "date": "2026-06-05", "close": 12.67, "volume": 10800, "typical_volume": 210080.0, "trend": 14.627565, "fair_value": 14.843093, "relative_strength": -18.165038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.704499, "energy": 75.676667, "activity_lines": [ 13.343333, 13.864909, 14.197857, 14.295232 ] }, { "date": "2026-06-12", "close": 12.27, "volume": 3900, "typical_volume": 196085.0, "trend": 14.453766, "fair_value": 14.839308, "relative_strength": -21.395068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.451924, "energy": 85.6524, "activity_lines": [ 12.900667, 13.510182, 13.99181, 14.143131 ] }, { "date": "2026-06-19", "close": 12.07, "volume": 2300, "typical_volume": 173875.0, "trend": 14.299758, "fair_value": 14.835471, "relative_strength": -21.171224, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.842649, "energy": 89.655781, "activity_lines": [ 12.54, 13.166364, 13.777905, 13.989339 ] }, { "date": "2026-06-26", "close": 12.4, "volume": 25200, "typical_volume": 166830.0, "trend": 14.028667, "fair_value": 14.827026, "relative_strength": -20.872826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.200337, "energy": 88.085181, "activity_lines": [ 12.402, 12.929636, 13.609619, 13.866774 ] }, { "date": "2026-07-03", "close": 12.48, "volume": 28600, "typical_volume": 160385.0, "trend": 13.972667, "fair_value": 14.822579, "relative_strength": -20.497463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.399863, "energy": 86.164108, "activity_lines": [ 12.361333, 12.760727, 13.46219, 13.76686 ] }, { "date": "2026-07-10", "close": 13.0, "volume": 100300, "typical_volume": 160880.0, "trend": 13.939667, "fair_value": 14.81589, "relative_strength": -18.558792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.438945, "energy": 58.534497, "activity_lines": [ 12.568667, 12.723273, 13.375714, 13.704108 ] }, { "date": "2026-07-17", "close": 12.76, "volume": 41600, "typical_volume": 153495.0, "trend": 13.927333, "fair_value": 14.803808, "relative_strength": -17.798835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.968864, "energy": 46.471454, "activity_lines": [ 12.674, 12.675818, 13.276381, 13.628 ] }, { "date": "2026-07-24", "close": 12.32, "volume": 54300, "typical_volume": 144635.0, "trend": 13.896, "fair_value": 14.778125, "relative_strength": -20.408192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.55047, "energy": 44.449212, "activity_lines": [ 12.6, 12.58, 13.14719, 13.524301 ] }, { "date": "2026-07-31", "close": 13.33, "volume": 54300, "typical_volume": 137450.0, "trend": 13.89, "fair_value": 14.766008, "relative_strength": -15.322844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.416273, "energy": 26.850717, "activity_lines": [ 12.846, 12.694, 13.123667, 13.487785 ] }, { "date": "2026-08-07", "close": 13.12, "volume": 34900, "typical_volume": 132580.0, "trend": 13.870667, "fair_value": 14.746888, "relative_strength": -13.574115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.784977, "energy": 23.087654, "activity_lines": [ 12.96, 12.772182, 13.081857, 13.438108 ] } ], "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." } } }