{ "ticker": { "uuid": "c740cbf0-d03c-4048-a1dc-576dec9e7b58", "symbol": "UDR", "name": "UDR Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 89.997, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 37.609, "architecture_energy": 22.72, "architecture_maturity": 40.536, "architecture_confidence": 78.54, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 40.83, "rotation_up": 27.15, "upward_expansion": 60.16, "deceleration": 90.06, "rotation_down": 26.42, "downward_expansion": 14.83 }, "activity_lines": [ 38.837709, 39.165826, 38.473756, 37.757427 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 38.41, "trend_reference": 37.147761, "distance_from_trend": 0.033979, "trend_direction": "Improving", "fair_value": 36.867157, "distance_from_fair_value": 0.041849, "fair_value_direction": "Improving", "relative_strength": -6.141947, "relative_strength_direction": "Improving", "price_momentum": 0.035667, "excess_performance": -0.089958, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.033979, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040283, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.041849, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.035561, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.061419, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.042921, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.035667, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.363495, "read": "Demand-led" } ], "volume": { "latest": 17501940, "relative_activity": 0.901078, "balance": 1.363495, "dry_up": 0.912126, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.046202, "annualized_volatility": 0.218656, "from_high_reference": -0.082141, "from_low_reference": 0.194634 }, "levels": { "trend_reference": 37.147761, "fair_value_reference": 36.867157, "structural_low": 33.062431, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.018421, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.001646, "regime_survival": 0.571429, "best_return": 0.110412, "worst_return": -0.091993, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.021368, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.035804, "regime_survival": 0.0, "best_return": 0.097263, "worst_return": -0.116249, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.083717, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.076248, "regime_survival": 0.333333, "best_return": 0.089999, "worst_return": -0.208148, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.142265, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.190073, "regime_survival": 0.0, "best_return": -0.136881, "worst_return": -0.147649, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-23", "end": "2024-03-22", "tenure": "Developing", "return": 0.036541, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-10-25", "tenure": "Extended", "return": 0.209971, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-11-29", "tenure": "Developing", "return": 0.110412, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.031891, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.05954, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.042476, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-08-01", "tenure": "Established", "return": -0.077584, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2026-01-16", "tenure": "Established", "return": 0.011938, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-03-13", "tenure": "Developing", "return": -0.061241, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.015538, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.016278, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": 0.014564, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-31", "tenure": "Developing", "return": 0.003946, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 33.997224, "volume": 11264880, "typical_volume": 10443627.45, "trend": 36.285125, "fair_value": 38.392022, "relative_strength": -12.290973, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.636161, "energy": 41.883569, "activity_lines": [ 35.088865, 36.057853, 36.277229, 36.195589 ] }, { "date": "2023-08-25", "close": 34.669911, "volume": 9477799, "typical_volume": 10527045.3, "trend": 36.22712, "fair_value": 38.43455, "relative_strength": -10.873095, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.150747, "energy": 52.639077, "activity_lines": [ 34.747211, 35.714504, 36.128068, 36.091382 ] }, { "date": "2023-09-01", "close": 35.165574, "volume": 10129786, "typical_volume": 10563921.85, "trend": 36.144864, "fair_value": 38.479128, "relative_strength": -11.423877, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.881704, "energy": 53.075925, "activity_lines": [ 34.812709, 35.522856, 36.030805, 36.022895 ] }, { "date": "2023-09-08", "close": 34.218503, "volume": 7460340, "typical_volume": 10129530.25, "trend": 36.010507, "fair_value": 38.526085, "relative_strength": -12.228665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.666845, "energy": 57.731101, "activity_lines": [ 34.592611, 35.160747, 35.843757, 35.898614 ] }, { "date": "2023-09-15", "close": 33.837904, "volume": 14116718, "typical_volume": 10199901.15, "trend": 35.844377, "fair_value": 38.569374, "relative_strength": -12.640428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.35302, "energy": 51.51646, "activity_lines": [ 34.326487, 34.791896, 35.630851, 35.758446 ] }, { "date": "2023-09-22", "close": 32.067676, "volume": 8990572, "typical_volume": 10087573.0, "trend": 35.651628, "fair_value": 38.608946, "relative_strength": -14.24783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.157474, "energy": 70.469191, "activity_lines": [ 33.556438, 34.172316, 35.26072, 35.514788 ] }, { "date": "2023-09-29", "close": 31.572012, "volume": 9772199, "typical_volume": 10183241.85, "trend": 35.461153, "fair_value": 38.633408, "relative_strength": -14.480563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.917716, "energy": 84.577761, "activity_lines": [ 32.749804, 33.577519, 34.863179, 35.251586 ] }, { "date": "2023-10-06", "close": 32.049974, "volume": 10445828, "typical_volume": 10213073.65, "trend": 35.375098, "fair_value": 38.655365, "relative_strength": -13.275943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.557436, "energy": 82.365101, "activity_lines": [ 32.309017, 33.191932, 34.533524, 35.03151 ] }, { "date": "2023-10-13", "close": 32.372354, "volume": 9108834, "typical_volume": 10191847.2, "trend": 35.328995, "fair_value": 38.692114, "relative_strength": -12.471704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.291289, "energy": 80.503747, "activity_lines": [ 32.183397, 32.929813, 34.250321, 34.837785 ] }, { "date": "2023-10-20", "close": 31.073878, "volume": 12174569, "typical_volume": 10222502.45, "trend": 35.245683, "fair_value": 38.721678, "relative_strength": -13.58413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.450733, "energy": 82.253099, "activity_lines": [ 31.748029, 32.487222, 33.853035, 34.563261 ] }, { "date": "2023-10-27", "close": 28.262005, "volume": 20221353, "typical_volume": 10845794.15, "trend": 35.000396, "fair_value": 38.741236, "relative_strength": -19.028091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.409848, "energy": 92.502329, "activity_lines": [ 30.559637, 31.607132, 33.211772, 34.112701 ] }, { "date": "2023-11-03", "close": 29.793312, "volume": 20714810, "typical_volume": 11166060.0, "trend": 34.804996, "fair_value": 38.758814, "relative_strength": -18.97791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.171387, "energy": 82.69423, "activity_lines": [ 30.135393, 31.109738, 32.759358, 33.776761 ] }, { "date": "2023-11-10", "close": 29.336606, "volume": 11978620, "typical_volume": 11277916.85, "trend": 34.607812, "fair_value": 38.745789, "relative_strength": -20.909566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.529022, "energy": 84.729443, "activity_lines": [ 29.677494, 30.617972, 32.302799, 33.423961 ] }, { "date": "2023-11-17", "close": 29.390336, "volume": 13865108, "typical_volume": 11422662.65, "trend": 34.374145, "fair_value": 38.731246, "relative_strength": -22.137961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.571083, "energy": 79.794778, "activity_lines": [ 29.418395, 30.241956, 31.879568, 33.08735 ] }, { "date": "2023-11-24", "close": 29.864952, "volume": 9623772, "typical_volume": 11581607.7, "trend": 34.162143, "fair_value": 38.719797, "relative_strength": -21.2527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.640463, "energy": 61.18095, "activity_lines": [ 29.516303, 30.040019, 31.540887, 32.796434 ] }, { "date": "2023-12-01", "close": 30.805227, "volume": 15327473, "typical_volume": 11929038.4, "trend": 33.981483, "fair_value": 38.706823, "relative_strength": -19.056295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.483922, "energy": 51.04675, "activity_lines": [ 30.008232, 30.081276, 31.329305, 32.579859 ] }, { "date": "2023-12-08", "close": 31.673863, "volume": 17507421, "typical_volume": 12377015.05, "trend": 33.828317, "fair_value": 38.712556, "relative_strength": -16.591691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.46806, "energy": 34.341207, "activity_lines": [ 30.620157, 30.303421, 31.236556, 32.43098 ] }, { "date": "2023-12-15", "close": 33.70665, "volume": 19488736, "typical_volume": 12767464.55, "trend": 33.773295, "fair_value": 38.737166, "relative_strength": -12.969738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.503945, "energy": 20.015206, "activity_lines": [ 31.784308, 30.893312, 31.368953, 32.423131 ] }, { "date": "2023-12-22", "close": 33.715605, "volume": 14526686, "typical_volume": 12863058.7, "trend": 33.751001, "fair_value": 38.76023, "relative_strength": -13.395741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.740047, "energy": 22.80343, "activity_lines": [ 32.660108, 31.45471, 31.5113, 32.419409 ] }, { "date": "2023-12-29", "close": 34.288726, "volume": 7593001, "typical_volume": 12689425.25, "trend": 33.691424, "fair_value": 38.781225, "relative_strength": -11.897344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.735743, "energy": 31.98927, "activity_lines": [ 33.438597, 32.095888, 31.716399, 32.454101 ] }, { "date": "2024-01-05", "close": 33.86784, "volume": 10282190, "typical_volume": 12640290.75, "trend": 33.577208, "fair_value": 38.803092, "relative_strength": -11.282384, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.017794, "energy": 38.224494, "activity_lines": [ 33.781872, 32.60209, 31.885421, 32.465483 ] }, { "date": "2024-01-12", "close": 34.938024, "volume": 14877094, "typical_volume": 12910255.5, "trend": 33.473246, "fair_value": 38.821164, "relative_strength": -9.832543, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.323463, "energy": 54.868097, "activity_lines": [ 34.277701, 33.200947, 32.156981, 32.553277 ] }, { "date": "2024-01-19", "close": 34.050766, "volume": 15999103, "typical_volume": 13203721.35, "trend": 33.432908, "fair_value": 38.835168, "relative_strength": -12.790732, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.781697, "energy": 49.776679, "activity_lines": [ 34.260167, 33.544944, 32.342763, 32.590536 ] }, { "date": "2024-01-26", "close": 33.217831, "volume": 16898110, "typical_volume": 13675609.85, "trend": 33.285046, "fair_value": 38.84728, "relative_strength": -15.331075, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.039516, "energy": 28.149505, "activity_lines": [ 33.942046, 33.651786, 32.454527, 32.576661 ] }, { "date": "2024-02-02", "close": 32.873792, "volume": 19504315, "typical_volume": 13944989.7, "trend": 33.122502, "fair_value": 38.848724, "relative_strength": -16.864653, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.25676, "energy": 16.285621, "activity_lines": [ 33.542431, 33.626485, 32.53829, 32.550128 ] }, { "date": "2024-02-09", "close": 32.022749, "volume": 17849285, "typical_volume": 14387925.35, "trend": 32.910348, "fair_value": 38.830925, "relative_strength": -19.51841, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.500685, "energy": 9.130927, "activity_lines": [ 32.953464, 33.391743, 32.545593, 32.479176 ] }, { "date": "2024-02-16", "close": 32.665558, "volume": 13967989, "typical_volume": 14597714.85, "trend": 32.72257, "fair_value": 38.819806, "relative_strength": -16.993962, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 1.02183, "energy": 12.711677, "activity_lines": [ 32.701773, 33.251738, 32.614329, 32.463383 ] }, { "date": "2024-02-23", "close": 32.457324, "volume": 9536787, "typical_volume": 14552262.8, "trend": 32.617249, "fair_value": 38.812836, "relative_strength": -18.217982, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.868883, "energy": 13.417788, "activity_lines": [ 32.532168, 33.055842, 32.658027, 32.446271 ] }, { "date": "2024-03-01", "close": 32.538807, "volume": 14874281, "typical_volume": 14840535.15, "trend": 32.520838, "fair_value": 38.799181, "relative_strength": -18.203829, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.820475, "energy": 12.15932, "activity_lines": [ 32.495953, 32.897475, 32.707544, 32.44121 ] }, { "date": "2024-03-08", "close": 34.494395, "volume": 15813583, "typical_volume": 15022485.85, "trend": 32.499646, "fair_value": 38.784481, "relative_strength": -12.582621, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.913971, "energy": 25.857477, "activity_lines": [ 33.156869, 33.116067, 32.942516, 32.568536 ] }, { "date": "2024-03-15", "close": 33.652406, "volume": 15318134, "typical_volume": 14777324.9, "trend": 32.488152, "fair_value": 38.773838, "relative_strength": -14.202046, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.421531, "energy": 30.318547, "activity_lines": [ 33.429082, 33.17783, 33.08101, 32.642908 ] }, { "date": "2024-03-22", "close": 33.643352, "volume": 9248003, "typical_volume": 14203984.55, "trend": 32.453933, "fair_value": 38.755721, "relative_strength": -15.644111, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.968292, "energy": 40.955586, "activity_lines": [ 33.589634, 33.241864, 33.192973, 32.717437 ] }, { "date": "2024-03-29", "close": 33.869693, "volume": 9672536, "typical_volume": 14088680.35, "trend": 32.410737, "fair_value": 38.741143, "relative_strength": -14.875299, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.921766, "energy": 49.905102, "activity_lines": [ 33.760446, 33.37059, 33.308159, 32.808776 ] }, { "date": "2024-04-05", "close": 33.054865, "volume": 8880573, "typical_volume": 13839453.6, "trend": 32.371949, "fair_value": 38.721012, "relative_strength": -15.654112, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.819367, "energy": 32.394872, "activity_lines": [ 33.565491, 33.354458, 33.324157, 32.850333 ] }, { "date": "2024-04-12", "close": 33.544845, "volume": 19912110, "typical_volume": 14353870.5, "trend": 32.362181, "fair_value": 38.698966, "relative_strength": -12.666113, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.305075, "energy": 25.125337, "activity_lines": [ 33.499458, 33.430377, 33.369368, 32.926003 ] }, { "date": "2024-04-19", "close": 33.325119, "volume": 13603639, "typical_volume": 14267678.8, "trend": 32.404096, "fair_value": 38.666244, "relative_strength": -9.975686, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.570589, "energy": 18.031516, "activity_lines": [ 33.423487, 33.454144, 33.376131, 32.988128 ] }, { "date": "2024-04-26", "close": 34.707562, "volume": 12334281, "typical_volume": 14009021.8, "trend": 32.508614, "fair_value": 38.644121, "relative_strength": -8.183564, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.467635, "energy": 30.004679, "activity_lines": [ 33.83015, 33.705585, 33.502554, 33.136739 ] }, { "date": "2024-05-03", "close": 35.00053, "volume": 19234714, "typical_volume": 13996320.7, "trend": 32.606966, "fair_value": 38.624719, "relative_strength": -7.464017, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.068113, "energy": 43.982471, "activity_lines": [ 34.263521, 33.973166, 33.642434, 33.297508 ] }, { "date": "2024-05-10", "close": 35.742106, "volume": 12813794, "typical_volume": 13910676.1, "trend": 32.719291, "fair_value": 38.609544, "relative_strength": -6.732285, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.932849, "energy": 63.982155, "activity_lines": [ 34.868695, 34.329338, 33.846778, 33.499775 ] }, { "date": "2024-05-17", "close": 36.199868, "volume": 8717077, "typical_volume": 13966879.9, "trend": 32.890157, "fair_value": 38.597408, "relative_strength": -6.651368, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.063347, "energy": 75.360298, "activity_lines": [ 35.447306, 34.710498, 34.085069, 33.724328 ] }, { "date": "2024-05-24", "close": 35.668863, "volume": 9085057, "typical_volume": 13907023.25, "trend": 33.137052, "fair_value": 38.575234, "relative_strength": -7.638562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.61115, "energy": 69.857961, "activity_lines": [ 35.671915, 34.964103, 34.263687, 33.9036 ] }, { "date": "2024-05-31", "close": 35.357585, "volume": 8296449, "typical_volume": 13577991.0, "trend": 33.322528, "fair_value": 38.543691, "relative_strength": -7.635003, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.981727, "energy": 61.518526, "activity_lines": [ 35.636515, 35.12445, 34.404084, 34.04686 ] }, { "date": "2024-06-07", "close": 36.318886, "volume": 10725218, "typical_volume": 13314296.75, "trend": 33.555271, "fair_value": 38.511676, "relative_strength": -5.804304, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.462798, "energy": 58.427337, "activity_lines": [ 35.878213, 35.42841, 34.634035, 34.240173 ] }, { "date": "2024-06-14", "close": 36.877357, "volume": 10453120, "typical_volume": 12992047.25, "trend": 33.804838, "fair_value": 38.494088, "relative_strength": -5.407621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.954841, "energy": 55.490479, "activity_lines": [ 36.218179, 35.78938, 34.906373, 34.454501 ] }, { "date": "2024-06-21", "close": 37.280188, "volume": 8704349, "typical_volume": 12452048.95, "trend": 34.052013, "fair_value": 38.4705, "relative_strength": -4.626881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.579896, "energy": 64.89318, "activity_lines": [ 36.616737, 36.154092, 35.19965, 34.678718 ] }, { "date": "2024-06-28", "close": 37.673864, "volume": 8961957, "typical_volume": 12007682.55, "trend": 34.280967, "fair_value": 38.450172, "relative_strength": -3.129503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.170562, "energy": 77.137509, "activity_lines": [ 37.0745, 36.522466, 35.509436, 34.912385 ] }, { "date": "2024-07-05", "close": 37.417517, "volume": 8592964, "typical_volume": 11738931.3, "trend": 34.472422, "fair_value": 38.414496, "relative_strength": -5.089759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.285074, "energy": 75.849818, "activity_lines": [ 37.313147, 36.765163, 35.767899, 35.114743 ] }, { "date": "2024-07-12", "close": 37.32767, "volume": 9653346, "typical_volume": 11744759.25, "trend": 34.593123, "fair_value": 38.371403, "relative_strength": -5.712398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.704937, "energy": 69.555074, "activity_lines": [ 37.384516, 36.942253, 35.995177, 35.298953 ] }, { "date": "2024-07-19", "close": 38.410034, "volume": 12716421, "typical_volume": 11636866.25, "trend": 34.749604, "fair_value": 38.32634, "relative_strength": -0.603841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.545658, "energy": 71.541991, "activity_lines": [ 37.749421, 37.273825, 36.302344, 35.545205 ] }, { "date": "2024-07-26", "close": 38.17876, "volume": 9800801, "typical_volume": 11336227.15, "trend": 34.879272, "fair_value": 38.279476, "relative_strength": -0.133233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.990885, "energy": 62.384812, "activity_lines": [ 37.935056, 37.514839, 36.559527, 35.766441 ] }, { "date": "2024-08-02", "close": 37.549694, "volume": 21959172, "typical_volume": 11668279.05, "trend": 35.002, "fair_value": 38.229163, "relative_strength": 0.622472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.398878, "energy": 50.633147, "activity_lines": [ 37.851098, 37.605497, 36.739255, 35.938726 ] }, { "date": "2024-08-09", "close": 38.733818, "volume": 12167712, "typical_volume": 11814264.5, "trend": 35.128527, "fair_value": 38.193812, "relative_strength": 3.985524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.329103, "energy": 54.605306, "activity_lines": [ 38.170126, 37.877254, 37.013198, 36.179489 ] }, { "date": "2024-08-16", "close": 38.585802, "volume": 7291124, "typical_volume": 11695193.9, "trend": 35.279695, "fair_value": 38.159633, "relative_strength": -0.138576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.056834, "energy": 50.926124, "activity_lines": [ 38.352061, 38.060713, 37.248804, 36.402539 ] }, { "date": "2024-08-23", "close": 40.056707, "volume": 6870524, "typical_volume": 11594691.45, "trend": 35.507657, "fair_value": 38.136367, "relative_strength": 2.470546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.708611, "energy": 59.848024, "activity_lines": [ 38.940423, 38.470392, 37.602038, 36.710733 ] }, { "date": "2024-08-30", "close": 41.176074, "volume": 9343255, "typical_volume": 11066248.7, "trend": 35.7844, "fair_value": 38.106702, "relative_strength": 5.218601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.573143, "energy": 85.498873, "activity_lines": [ 39.792129, 39.025786, 38.028537, 37.076438 ] }, { "date": "2024-09-06", "close": 40.75053, "volume": 9538892, "typical_volume": 10863011.35, "trend": 36.075326, "fair_value": 38.088202, "relative_strength": 8.699563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.253202, "energy": 84.129925, "activity_lines": [ 40.302166, 39.432975, 38.378168, 37.396833 ] }, { "date": "2024-09-13", "close": 43.599829, "volume": 16262581, "typical_volume": 11059426.35, "trend": 36.439802, "fair_value": 38.085687, "relative_strength": 11.805464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.628076, "energy": 95.144868, "activity_lines": [ 41.54858, 40.302278, 38.963802, 37.882285 ] }, { "date": "2024-09-20", "close": 42.202932, "volume": 11895952, "typical_volume": 10692488.25, "trend": 36.764655, "fair_value": 38.072255, "relative_strength": 6.743862, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.73683, "energy": 86.784355, "activity_lines": [ 42.004961, 40.805195, 39.374054, 38.2541 ] }, { "date": "2024-09-27", "close": 41.620121, "volume": 11779841, "typical_volume": 10640790.6, "trend": 37.067366, "fair_value": 38.055141, "relative_strength": 4.735305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.732736, "energy": 69.75151, "activity_lines": [ 42.02593, 41.113504, 39.694504, 38.567356 ] }, { "date": "2024-10-04", "close": 41.250082, "volume": 10369336, "typical_volume": 10723403.55, "trend": 37.292555, "fair_value": 38.036401, "relative_strength": 3.634716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.261847, "energy": 58.842355, "activity_lines": [ 41.819325, 41.296169, 39.95172, 38.837208 ] }, { "date": "2024-10-11", "close": 40.841222, "volume": 7496250, "typical_volume": 10643963.2, "trend": 37.532182, "fair_value": 38.010236, "relative_strength": 1.595814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.151303, "energy": 47.622545, "activity_lines": [ 41.4715, 41.348653, 40.14595, 39.066154 ] }, { "date": "2024-10-18", "close": 41.822084, "volume": 8579601, "typical_volume": 10658120.8, "trend": 37.804807, "fair_value": 37.984752, "relative_strength": 3.236812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.658254, "energy": 40.86147, "activity_lines": [ 41.444582, 41.51963, 40.408964, 39.342922 ] }, { "date": "2024-10-25", "close": 40.981345, "volume": 7772247, "typical_volume": 10510472.25, "trend": 38.041862, "fair_value": 37.950997, "relative_strength": 2.102072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.190359, "energy": 33.411273, "activity_lines": [ 41.255934, 41.481595, 40.561125, 39.54786 ] }, { "date": "2024-11-01", "close": 38.580568, "volume": 12984989, "typical_volume": 10637065.7, "trend": 38.226052, "fair_value": 37.905695, "relative_strength": -2.481101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.567991, "energy": 16.401325, "activity_lines": [ 40.348467, 40.963499, 40.462438, 39.582615 ] }, { "date": "2024-11-08", "close": 41.551179, "volume": 14177257, "typical_volume": 10910711.1, "trend": 38.49293, "fair_value": 37.873617, "relative_strength": 0.205754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.853009, "energy": 21.10312, "activity_lines": [ 40.633839, 41.012354, 40.638555, 39.79714 ] }, { "date": "2024-11-15", "close": 41.392373, "volume": 12394413, "typical_volume": 11082333.9, "trend": 38.761838, "fair_value": 37.839186, "relative_strength": 1.813302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.911426, "energy": 19.534432, "activity_lines": [ 40.846204, 41.025515, 40.779211, 39.984201 ] }, { "date": "2024-11-22", "close": 42.121013, "volume": 6432903, "typical_volume": 10974330.85, "trend": 39.008953, "fair_value": 37.811882, "relative_strength": 1.787731, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.045959, "energy": 29.338267, "activity_lines": [ 41.264705, 41.159485, 40.971553, 40.200922 ] }, { "date": "2024-11-29", "close": 42.840312, "volume": 7676680, "typical_volume": 10875497.55, "trend": 39.270279, "fair_value": 37.784971, "relative_strength": 2.228991, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.084616, "energy": 45.370062, "activity_lines": [ 41.903044, 41.451125, 41.210003, 40.448106 ] }, { "date": "2024-12-06", "close": 41.887474, "volume": 7460362, "typical_volume": 10612694.6, "trend": 39.475125, "fair_value": 37.741809, "relative_strength": -0.886627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.655223, "energy": 47.424009, "activity_lines": [ 42.099839, 41.557933, 41.331455, 40.616957 ] }, { "date": "2024-12-13", "close": 41.541837, "volume": 6820144, "typical_volume": 10463661.75, "trend": 39.653191, "fair_value": 37.698673, "relative_strength": -1.016303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.175631, "energy": 47.425215, "activity_lines": [ 41.960961, 41.597037, 41.40343, 40.750294 ] }, { "date": "2024-12-20", "close": 40.598342, "volume": 14256575, "typical_volume": 10078531.9, "trend": 39.817507, "fair_value": 37.645646, "relative_strength": -1.361905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.131551, "energy": 25.934216, "activity_lines": [ 41.508208, 41.459292, 41.369535, 40.811271 ] }, { "date": "2024-12-27", "close": 40.551634, "volume": 4585055, "typical_volume": 9699399.05, "trend": 39.990642, "fair_value": 37.585325, "relative_strength": -1.981576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.737648, "energy": 12.507883, "activity_lines": [ 41.092821, 41.317471, 41.316673, 40.858634 ] }, { "date": "2025-01-03", "close": 40.243363, "volume": 6938488, "typical_volume": 9681767.25, "trend": 40.121457, "fair_value": 37.530596, "relative_strength": -2.079709, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.381752, "energy": 12.068253, "activity_lines": [ 40.679302, 41.142699, 41.225796, 40.874939 ] }, { "date": "2025-01-10", "close": 37.847257, "volume": 9572707, "typical_volume": 9816876.4, "trend": 40.153787, "fair_value": 37.45852, "relative_strength": -5.856281, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.166092, "energy": 35.516259, "activity_lines": [ 39.640211, 40.545689, 40.898825, 40.728216 ] }, { "date": "2025-01-17", "close": 38.895161, "volume": 8723213, "typical_volume": 9785874.3, "trend": 40.20762, "fair_value": 37.405247, "relative_strength": -5.849304, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.497463, "energy": 47.108972, "activity_lines": [ 39.219769, 40.152541, 40.682175, 40.647014 ] }, { "date": "2025-01-24", "close": 38.366489, "volume": 7714184, "typical_volume": 9694638.9, "trend": 40.230707, "fair_value": 37.34821, "relative_strength": -8.565598, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.118043, "energy": 58.398012, "activity_lines": [ 38.799548, 39.711561, 40.426038, 40.528232 ] }, { "date": "2025-01-31", "close": 39.404952, "volume": 10556897, "typical_volume": 9409354.7, "trend": 40.296955, "fair_value": 37.294606, "relative_strength": -5.081501, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.103327, "energy": 54.949409, "activity_lines": [ 38.874272, 39.514409, 40.280154, 40.474957 ] }, { "date": "2025-02-07", "close": 40.500058, "volume": 9727706, "typical_volume": 9300942.4, "trend": 40.402702, "fair_value": 37.25737, "relative_strength": -2.346683, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.812588, "energy": 24.248176, "activity_lines": [ 39.390476, 39.56575, 40.258542, 40.488061 ] }, { "date": "2025-02-14", "close": 40.547261, "volume": 7509462, "typical_volume": 9087423.45, "trend": 40.473942, "fair_value": 37.225915, "relative_strength": -3.672071, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.362671, "energy": 8.64487, "activity_lines": [ 39.905302, 39.668224, 40.249534, 40.497387 ] }, { "date": "2025-02-21", "close": 40.433974, "volume": 10189382, "typical_volume": 9078425.75, "trend": 40.549116, "fair_value": 37.184065, "relative_strength": -2.450944, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.330443, "energy": 19.409757, "activity_lines": [ 40.202365, 39.774467, 40.234846, 40.494808 ] }, { "date": "2025-02-28", "close": 42.652509, "volume": 11623462, "typical_volume": 9284786.35, "trend": 40.71921, "fair_value": 37.145639, "relative_strength": 3.681791, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.510205, "energy": 24.837666, "activity_lines": [ 41.136353, 40.304223, 40.435333, 40.630511 ] }, { "date": "2025-03-07", "close": 41.991669, "volume": 12249395, "typical_volume": 9468276.05, "trend": 40.827805, "fair_value": 37.11055, "relative_strength": 5.176228, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.460341, "energy": 26.90062, "activity_lines": [ 41.564326, 40.676478, 40.564258, 40.712605 ] }, { "date": "2025-03-14", "close": 40.877681, "volume": 9496887, "typical_volume": 9554508.05, "trend": 40.904201, "fair_value": 37.065206, "relative_strength": 4.597282, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.202746, "energy": 20.774617, "activity_lines": [ 41.448521, 40.820008, 40.586281, 40.715823 ] }, { "date": "2025-03-21", "close": 40.934325, "volume": 11424785, "typical_volume": 9476497.85, "trend": 40.933455, "fair_value": 37.019257, "relative_strength": 4.004487, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.952164, "energy": 19.54092, "activity_lines": [ 41.326423, 40.962303, 40.614192, 40.717767 ] }, { "date": "2025-03-28", "close": 42.048312, "volume": 7907201, "typical_volume": 9162995.05, "trend": 40.96253, "fair_value": 36.971962, "relative_strength": 8.133594, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.668446, "energy": 17.934776, "activity_lines": [ 41.54985, 41.251013, 40.736989, 40.789693 ] }, { "date": "2025-04-04", "close": 38.177677, "volume": 13253519, "typical_volume": 9205950.35, "trend": 40.876768, "fair_value": 36.899102, "relative_strength": 7.643831, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.639349, "energy": 22.415096, "activity_lines": [ 40.375443, 40.778641, 40.488787, 40.610025 ] }, { "date": "2025-04-11", "close": 37.658961, "volume": 17422736, "typical_volume": 9755442.0, "trend": 40.678739, "fair_value": 36.82919, "relative_strength": 0.370975, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.167819, "energy": 34.522191, "activity_lines": [ 39.326452, 40.21539, 40.206491, 40.402424 ] }, { "date": "2025-04-18", "close": 39.405436, "volume": 10939511, "typical_volume": 9918583.55, "trend": 40.585489, "fair_value": 36.76685, "relative_strength": 6.333124, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.03093, "energy": 38.585104, "activity_lines": [ 39.148467, 40.001425, 40.111775, 40.320276 ] }, { "date": "2025-04-25", "close": 39.414979, "volume": 10017442, "typical_volume": 10046437.55, "trend": 40.511984, "fair_value": 36.731821, "relative_strength": 1.611377, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.542297, "energy": 39.289191, "activity_lines": [ 39.071813, 39.809097, 40.034323, 40.244759 ] }, { "date": "2025-05-02", "close": 41.810418, "volume": 13397752, "typical_volume": 10375317.95, "trend": 40.530662, "fair_value": 36.729233, "relative_strength": 4.594114, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.962486, "energy": 16.407623, "activity_lines": [ 39.894928, 40.072891, 40.196783, 40.328529 ] }, { "date": "2025-05-09", "close": 40.359794, "volume": 9931648, "typical_volume": 10159071.6, "trend": 40.514615, "fair_value": 36.724212, "relative_strength": 1.342286, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.434875, "energy": 12.416506, "activity_lines": [ 40.250361, 40.047909, 40.219809, 40.317505 ] }, { "date": "2025-05-16", "close": 40.48386, "volume": 9546557, "typical_volume": 10407146.7, "trend": 40.470007, "fair_value": 36.731881, "relative_strength": -3.425361, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.235805, "energy": 8.284292, "activity_lines": [ 40.501675, 40.08717, 40.255786, 40.315521 ] }, { "date": "2025-05-23", "close": 37.668505, "volume": 9253250, "typical_volume": 10522884.8, "trend": 40.359579, "fair_value": 36.710636, "relative_strength": -7.719945, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.858008, "energy": 21.388365, "activity_lines": [ 39.626211, 39.641963, 40.023957, 40.134779 ] }, { "date": "2025-05-30", "close": 39.539046, "volume": 12847507, "typical_volume": 10686624.8, "trend": 40.391528, "fair_value": 36.705652, "relative_strength": -4.805884, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.996793, "energy": 22.382862, "activity_lines": [ 39.490056, 39.595203, 39.982537, 40.081841 ] }, { "date": "2025-06-06", "close": 39.195477, "volume": 11583841, "typical_volume": 10829656.2, "trend": 40.313005, "fair_value": 36.714903, "relative_strength": -7.081108, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.76578, "energy": 33.146782, "activity_lines": [ 39.231107, 39.511344, 39.900339, 40.004677 ] }, { "date": "2025-06-13", "close": 39.348174, "volume": 8194414, "typical_volume": 10853667.7, "trend": 40.244865, "fair_value": 36.731782, "relative_strength": -6.310677, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.483721, "energy": 33.520678, "activity_lines": [ 39.197386, 39.507118, 39.831254, 39.94243 ] }, { "date": "2025-06-20", "close": 39.166846, "volume": 11105103, "typical_volume": 10881078.0, "trend": 40.146393, "fair_value": 36.733334, "relative_strength": -6.505508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.743224, "energy": 27.192004, "activity_lines": [ 39.170664, 39.448642, 39.740224, 39.87288 ] }, { "date": "2025-06-27", "close": 38.851908, "volume": 13960205, "typical_volume": 11092702.95, "trend": 40.013446, "fair_value": 36.731191, "relative_strength": -10.199678, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.045329, "energy": 26.729885, "activity_lines": [ 39.126763, 39.305488, 39.620335, 39.789365 ] }, { "date": "2025-07-04", "close": 38.9378, "volume": 7582174, "typical_volume": 11096338.55, "trend": 39.915124, "fair_value": 36.736464, "relative_strength": -11.356036, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.959969, "energy": 25.379259, "activity_lines": [ 39.0326, 39.188016, 39.516474, 39.719968 ] }, { "date": "2025-07-11", "close": 38.965519, "volume": 8875452, "typical_volume": 11030642.05, "trend": 39.829246, "fair_value": 36.742897, "relative_strength": -10.926264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.528014, "energy": 28.779176, "activity_lines": [ 38.987759, 39.084259, 39.422917, 39.658704 ] }, { "date": "2025-07-18", "close": 39.283802, "volume": 9146420, "typical_volume": 10906789.95, "trend": 39.785428, "fair_value": 36.742974, "relative_strength": -10.563325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.859202, "energy": 25.143575, "activity_lines": [ 39.064343, 39.090097, 39.366665, 39.623514 ] }, { "date": "2025-07-25", "close": 38.975164, "volume": 9481235, "typical_volume": 10768381.95, "trend": 39.732879, "fair_value": 36.728912, "relative_strength": -12.355433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.634744, "energy": 25.507993, "activity_lines": [ 39.04234, 39.059382, 39.297061, 39.571239 ] }, { "date": "2025-08-01", "close": 37.296946, "volume": 20027611, "typical_volume": 11294918.15, "trend": 39.634665, "fair_value": 36.713035, "relative_strength": -13.784948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.181442, "energy": 47.270857, "activity_lines": [ 38.473709, 38.750968, 39.08199, 39.414082 ] }, { "date": "2025-08-08", "close": 36.73754, "volume": 11585174, "typical_volume": 11302937.6, "trend": 39.597675, "fair_value": 36.675198, "relative_strength": -16.772363, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.67339, "energy": 63.328297, "activity_lines": [ 37.822273, 38.347599, 38.830695, 39.22717 ] }, { "date": "2025-08-15", "close": 37.142627, "volume": 8168787, "typical_volume": 11316016.9, "trend": 39.539257, "fair_value": 36.647045, "relative_strength": -16.37732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.195398, "energy": 68.230233, "activity_lines": [ 37.452551, 38.068819, 38.637963, 39.06878 ] }, { "date": "2025-08-22", "close": 37.808127, "volume": 8430675, "typical_volume": 11074874.7, "trend": 39.520645, "fair_value": 36.636626, "relative_strength": -14.803966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.808237, "energy": 68.328097, "activity_lines": [ 37.426188, 37.948363, 38.531973, 38.957094 ] }, { "date": "2025-08-29", "close": 38.16499, "volume": 10867216, "typical_volume": 10747098.7, "trend": 39.479313, "fair_value": 36.634165, "relative_strength": -13.60784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.541985, "energy": 57.803, "activity_lines": [ 37.617158, 37.920793, 38.461729, 38.869633 ] }, { "date": "2025-09-05", "close": 37.702033, "volume": 13261556, "typical_volume": 10863200.95, "trend": 39.386045, "fair_value": 36.614232, "relative_strength": -14.510077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.773773, "energy": 35.072281, "activity_lines": [ 37.70782, 37.827264, 38.344985, 38.754969 ] }, { "date": "2025-09-12", "close": 37.007598, "volume": 11257138, "typical_volume": 10925185.75, "trend": 39.268057, "fair_value": 36.60806, "relative_strength": -16.860797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.995788, "energy": 37.120019, "activity_lines": [ 37.539998, 37.628381, 38.170216, 38.601521 ] }, { "date": "2025-09-19", "close": 36.226359, "volume": 13564986, "typical_volume": 10933547.45, "trend": 39.127803, "fair_value": 36.609257, "relative_strength": -19.137504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.701861, "energy": 45.167295, "activity_lines": [ 37.09376, 37.322549, 37.932506, 38.405283 ] }, { "date": "2025-09-26", "close": 35.859851, "volume": 10098797, "typical_volume": 10941904.9, "trend": 38.901381, "fair_value": 36.611703, "relative_strength": -19.279132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.831836, "energy": 64.46813, "activity_lines": [ 36.586436, 36.999882, 37.686482, 38.194447 ] }, { "date": "2025-10-03", "close": 35.088257, "volume": 13517050, "typical_volume": 11140429.55, "trend": 38.671267, "fair_value": 36.627142, "relative_strength": -21.428289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.145076, "energy": 81.248393, "activity_lines": [ 35.9518, 36.599179, 37.388401, 37.948439 ] }, { "date": "2025-10-10", "close": 34.855852, "volume": 14709039, "typical_volume": 11413219.0, "trend": 38.470539, "fair_value": 36.643239, "relative_strength": -19.597855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.473825, "energy": 84.867819, "activity_lines": [ 35.44481, 36.226892, 37.093879, 37.702283 ] }, { "date": "2025-10-17", "close": 35.226762, "volume": 11981552, "typical_volume": 11369921.25, "trend": 38.280287, "fair_value": 36.653177, "relative_strength": -19.681835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.761807, "energy": 80.147689, "activity_lines": [ 35.251203, 35.966426, 36.848076, 37.493007 ] }, { "date": "2025-10-24", "close": 35.373175, "volume": 14957507, "typical_volume": 11538604.55, "trend": 38.057783, "fair_value": 36.661962, "relative_strength": -20.429761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.303112, "energy": 73.528948, "activity_lines": [ 35.225123, 35.760049, 36.636751, 37.305452 ] }, { "date": "2025-10-31", "close": 32.884168, "volume": 19162490, "typical_volume": 12087008.35, "trend": 37.881332, "fair_value": 36.661069, "relative_strength": -26.113777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.27237, "energy": 86.147364, "activity_lines": [ 34.426252, 35.133298, 36.20658, 36.97167 ] }, { "date": "2025-11-07", "close": 33.645511, "volume": 15215627, "typical_volume": 12292534.55, "trend": 37.747551, "fair_value": 36.65586, "relative_strength": -22.6944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.265195, "energy": 74.834376, "activity_lines": [ 34.079542, 34.734499, 35.879699, 36.698391 ] }, { "date": "2025-11-14", "close": 33.850488, "volume": 15718158, "typical_volume": 12380432.2, "trend": 37.562386, "fair_value": 36.651469, "relative_strength": -21.844648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.060159, "energy": 69.97335, "activity_lines": [ 33.89734, 34.455141, 35.598631, 36.446968 ] }, { "date": "2025-11-21", "close": 34.738722, "volume": 11339770, "typical_volume": 12568312.0, "trend": 37.406511, "fair_value": 36.649854, "relative_strength": -17.760767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.055755, "energy": 57.956032, "activity_lines": [ 34.07824, 34.407309, 35.425973, 36.264796 ] }, { "date": "2025-11-28", "close": 35.548869, "volume": 9939826, "typical_volume": 12621530.7, "trend": 37.197792, "fair_value": 36.651945, "relative_strength": -18.354228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.203493, "energy": 39.349491, "activity_lines": [ 34.561726, 34.548028, 35.350468, 36.144948 ] }, { "date": "2025-12-05", "close": 34.35805, "volume": 12963153, "typical_volume": 12812367.35, "trend": 36.997734, "fair_value": 36.652515, "relative_strength": -20.884831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.4859, "energy": 33.461798, "activity_lines": [ 34.636559, 34.484552, 35.177821, 35.961739 ] }, { "date": "2025-12-12", "close": 34.680157, "volume": 12792215, "typical_volume": 12977916.35, "trend": 36.804277, "fair_value": 36.65939, "relative_strength": -19.223702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.229901, "energy": 24.965487, "activity_lines": [ 34.720502, 34.506947, 35.059307, 35.812218 ] }, { "date": "2025-12-19", "close": 34.797287, "volume": 15849066, "typical_volume": 12768989.1, "trend": 36.70857, "fair_value": 36.669054, "relative_strength": -18.593744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.248085, "energy": 22.083942, "activity_lines": [ 34.774512, 34.558058, 34.972401, 35.682735 ] }, { "date": "2025-12-26", "close": 35.636716, "volume": 10341385, "typical_volume": 12706799.65, "trend": 36.578493, "fair_value": 36.684208, "relative_strength": -17.365451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.239863, "energy": 18.116215, "activity_lines": [ 35.045211, 34.762858, 34.977343, 35.613583 ] }, { "date": "2026-01-02", "close": 35.812411, "volume": 9305175, "typical_volume": 12763619.05, "trend": 36.465724, "fair_value": 36.698562, "relative_strength": -15.665457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.186838, "energy": 14.835962, "activity_lines": [ 35.31461, 34.992148, 35.00426, 35.564158 ] }, { "date": "2026-01-09", "close": 35.939302, "volume": 20555441, "typical_volume": 13369857.35, "trend": 36.352095, "fair_value": 36.705665, "relative_strength": -16.328649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.218596, "energy": 12.371239, "activity_lines": [ 35.608736, 35.236523, 35.049597, 35.530195 ] }, { "date": "2026-01-16", "close": 37.176099, "volume": 17064585, "typical_volume": 13679725.8, "trend": 36.285736, "fair_value": 36.721642, "relative_strength": -12.819828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.742365, "energy": 24.16441, "activity_lines": [ 36.20971, 35.650223, 35.221623, 35.583357 ] }, { "date": "2026-01-23", "close": 37.255113, "volume": 28605787, "typical_volume": 14446937.35, "trend": 36.23251, "fair_value": 36.727059, "relative_strength": -12.057923, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.163062, "energy": 43.489928, "activity_lines": [ 36.670627, 36.014096, 35.405882, 35.645897 ] }, { "date": "2026-01-30", "close": 36.692138, "volume": 30684183, "typical_volume": 15418289.6, "trend": 36.157654, "fair_value": 36.721027, "relative_strength": -13.371567, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.947497, "energy": 47.803719, "activity_lines": [ 36.78003, 36.213708, 35.538654, 35.675551 ] }, { "date": "2026-02-06", "close": 37.087208, "volume": 23082268, "typical_volume": 15894153.7, "trend": 36.095044, "fair_value": 36.713578, "relative_strength": -11.866123, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.000079, "energy": 49.289567, "activity_lines": [ 36.950762, 36.449634, 35.710553, 35.735522 ] }, { "date": "2026-02-13", "close": 37.620552, "volume": 29730913, "typical_volume": 16875759.5, "trend": 36.039602, "fair_value": 36.705878, "relative_strength": -9.088336, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.198705, "energy": 44.921304, "activity_lines": [ 37.214289, 36.754562, 35.929148, 35.833942 ] }, { "date": "2026-02-20", "close": 36.711891, "volume": 16252666, "typical_volume": 17012540.3, "trend": 35.96416, "fair_value": 36.698581, "relative_strength": -11.855305, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.770173, "energy": 26.994594, "activity_lines": [ 37.062845, 36.834961, 36.052819, 35.877315 ] }, { "date": "2026-02-27", "close": 37.037824, "volume": 16738574, "typical_volume": 17114017.05, "trend": 35.955523, "fair_value": 36.696989, "relative_strength": -10.093545, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.598722, "energy": 24.925528, "activity_lines": [ 37.050993, 36.937679, 36.1998, 35.946584 ] }, { "date": "2026-03-06", "close": 36.790905, "volume": 14803791, "typical_volume": 17255129.0, "trend": 35.957301, "fair_value": 36.71083, "relative_strength": -8.326008, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 50.437307, "energy": 30.296544, "activity_lines": [ 36.97132, 36.954767, 36.312875, 36.00048 ] }, { "date": "2026-03-13", "close": 34.973583, "volume": 17184831, "typical_volume": 17366495.2, "trend": 35.885, "fair_value": 36.718639, "relative_strength": -10.933368, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 16.98747, "energy": 12.976703, "activity_lines": [ 36.279289, 36.620446, 36.245423, 35.937014 ] }, { "date": "2026-03-20", "close": 33.689605, "volume": 19086904, "typical_volume": 17362715.9, "trend": 35.747716, "fair_value": 36.719385, "relative_strength": -12.019391, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.527901, "energy": 22.74716, "activity_lines": [ 35.300174, 36.067927, 36.05759, 35.795376 ] }, { "date": "2026-03-27", "close": 33.166137, "volume": 16894067, "typical_volume": 17446637.9, "trend": 35.581087, "fair_value": 36.703651, "relative_strength": -10.703624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.900792, "energy": 44.27323, "activity_lines": [ 34.408633, 35.461135, 35.816068, 35.628822 ] }, { "date": "2026-04-03", "close": 34.213073, "volume": 14964039, "typical_volume": 17408931.95, "trend": 35.464789, "fair_value": 36.694406, "relative_strength": -10.223411, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.541174, "energy": 47.158572, "activity_lines": [ 34.102453, 35.117604, 35.676536, 35.540563 ] }, { "date": "2026-04-10", "close": 34.67728, "volume": 14387032, "typical_volume": 17561295.05, "trend": 35.387111, "fair_value": 36.690721, "relative_strength": -11.575752, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.095856, "energy": 48.790158, "activity_lines": [ 34.139326, 34.913783, 35.579489, 35.489756 ] }, { "date": "2026-04-17", "close": 35.28, "volume": 19228783, "typical_volume": 18025742.9, "trend": 35.355566, "fair_value": 36.683539, "relative_strength": -13.172238, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.386539, "energy": 32.338468, "activity_lines": [ 34.518015, 34.856182, 35.540135, 35.482846 ] }, { "date": "2026-04-24", "close": 34.77, "volume": 13932109, "typical_volume": 18074190.7, "trend": 35.319238, "fair_value": 36.674212, "relative_strength": -14.199419, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.351031, "energy": 13.104372, "activity_lines": [ 34.706275, 34.738712, 35.453491, 35.445067 ] }, { "date": "2026-05-01", "close": 36.39, "volume": 22511379, "typical_volume": 18560148.9, "trend": 35.362629, "fair_value": 36.675269, "relative_strength": -10.304913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.389675, "energy": 13.99115, "activity_lines": [ 35.362509, 34.967616, 35.51917, 35.514149 ] }, { "date": "2026-05-08", "close": 36.91, "volume": 17098933, "typical_volume": 18622642.25, "trend": 35.431101, "fair_value": 36.679379, "relative_strength": -10.434051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.973003, "energy": 24.725151, "activity_lines": [ 35.977152, 35.296918, 35.626232, 35.613979 ] }, { "date": "2026-05-15", "close": 36.92, "volume": 22150780, "typical_volume": 19213112.0, "trend": 35.487542, "fair_value": 36.689397, "relative_strength": -10.010186, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.494536, "energy": 36.038616, "activity_lines": [ 36.415333, 35.630362, 35.724185, 35.710037 ] }, { "date": "2026-05-22", "close": 38.01, "volume": 18379228, "typical_volume": 19666814.65, "trend": 35.575436, "fair_value": 36.712638, "relative_strength": -7.683421, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.647963, "energy": 64.138839, "activity_lines": [ 37.067333, 36.15964, 35.919837, 35.872776 ] }, { "date": "2026-05-29", "close": 36.9, "volume": 41526933, "typical_volume": 20715389.25, "trend": 35.709297, "fair_value": 36.717919, "relative_strength": -11.072774, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.369728, "energy": 60.76061, "activity_lines": [ 37.167333, 36.431893, 35.99931, 35.958232 ] }, { "date": "2026-06-05", "close": 39.2, "volume": 27842578, "typical_volume": 21254288.9, "trend": 35.894447, "fair_value": 36.730135, "relative_strength": -2.660848, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.434931, "energy": 73.123815, "activity_lines": [ 37.892, 37.063957, 36.293255, 36.183439 ] }, { "date": "2026-06-12", "close": 39.256835, "volume": 20000183, "typical_volume": 20824008.7, "trend": 36.074659, "fair_value": 36.737827, "relative_strength": -2.600296, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.920491, "energy": 76.497109, "activity_lines": [ 38.448278, 37.596648, 36.582976, 36.400367 ] }, { "date": "2026-06-19", "close": 37.423521, "volume": 20819097, "typical_volume": 20330754.4, "trend": 36.164152, "fair_value": 36.75169, "relative_strength": -7.46427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.697823, "energy": 59.029223, "activity_lines": [ 38.236996, 37.704304, 36.688564, 36.48739 ] }, { "date": "2026-06-26", "close": 39.834727, "volume": 22604427, "typical_volume": 20306862.35, "trend": 36.307014, "fair_value": 36.765671, "relative_strength": 1.228173, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.943045, "energy": 70.120218, "activity_lines": [ 38.795882, 38.20043, 37.020307, 36.724202 ] }, { "date": "2026-07-03", "close": 40.940694, "volume": 12839294, "typical_volume": 19462281.4, "trend": 36.526435, "fair_value": 36.786124, "relative_strength": 2.123444, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.928211, "energy": 75.192032, "activity_lines": [ 39.601774, 38.814827, 37.444297, 37.023149 ] }, { "date": "2026-07-10", "close": 39.585636, "volume": 12421897, "typical_volume": 19270742.95, "trend": 36.689951, "fair_value": 36.793805, "relative_strength": -2.211653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.479453, "energy": 52.417876, "activity_lines": [ 39.686601, 39.070656, 37.723424, 37.220516 ] }, { "date": "2026-07-17", "close": 39.76, "volume": 14127014, "typical_volume": 19140164.95, "trend": 36.855375, "fair_value": 36.803171, "relative_strength": 0.11155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.69414, "energy": 58.491854, "activity_lines": [ 39.80384, 39.300085, 38.005473, 37.418584 ] }, { "date": "2026-07-24", "close": 39.59, "volume": 11174671, "typical_volume": 18958708.95, "trend": 36.987151, "fair_value": 36.828639, "relative_strength": 0.571195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.197757, "energy": 48.656935, "activity_lines": [ 39.830868, 39.446786, 38.258368, 37.595012 ] }, { "date": "2026-07-31", "close": 38.16, "volume": 28062508, "typical_volume": 19502592.8, "trend": 37.065404, "fair_value": 36.846132, "relative_strength": -3.78013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.225396, "energy": 30.330887, "activity_lines": [ 39.236798, 39.284943, 38.361744, 37.670679 ] }, { "date": "2026-08-07", "close": 38.41, "volume": 17501940, "typical_volume": 19423344.6, "trend": 37.147761, "fair_value": 36.867157, "relative_strength": -6.141947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.608567, "energy": 22.71979, "activity_lines": [ 38.837709, 39.165826, 38.473756, 37.757427 ] } ], "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." } } }