{ "ticker": { "uuid": "cc262a7a-c649-4465-9efb-c1c1f7ce41b1", "symbol": "BDT", "name": "Bertrandt Aktiengesellschaft", "exchange": "GER", "country": "DE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GDAXI", "stage": 4, "stage_name": "Declining", "phase": "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": -64.979, "architecture_energy": 84.343, "architecture_maturity": 85.0, "architecture_confidence": 89.891, "architecture_tenure": "Established", "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": 10.87, "rotation_up": 29.94, "upward_expansion": 21.31, "deceleration": 37.33, "rotation_down": 52.04, "downward_expansion": 92.31 }, "activity_lines": [ 8.732, 8.845091, 9.64819, 11.133591 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 8.78, "trend_reference": 13.323, "distance_from_trend": -0.340989, "trend_direction": "Weakening", "fair_value": 26.042765, "distance_from_fair_value": -0.662862, "fair_value_direction": "Weakening", "relative_strength": -48.358553, "relative_strength_direction": "Weakening", "price_momentum": -0.507295, "excess_performance": -0.571935, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.340989, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.192757, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.662862, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.005616, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.483586, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020892, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.507295, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.890603, "read": "Demand-led" } ], "volume": { "latest": 40756, "relative_activity": 0.585783, "balance": 1.890603, "dry_up": 0.472338, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.077624, "annualized_volatility": 0.56689, "from_high_reference": -0.58972, "from_low_reference": 0.086634 }, "levels": { "trend_reference": 13.323, "fair_value_reference": 26.042765, "structural_low": 8.08, "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": -0.034582, "positive_rate": 0.363636, "directional_follow_through": 0.606061, "median_excess_return": -0.032372, "regime_survival": 0.848485, "best_return": 0.265537, "worst_return": -0.336634, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.012749, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.051998, "regime_survival": 0.545455, "best_return": 0.12605, "worst_return": -0.395918, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.058545, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.118728, "regime_survival": 0.333333, "best_return": 0.375843, "worst_return": -0.560345, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.191703, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.499219, "regime_survival": 0.666667, "best_return": 0.046309, "worst_return": -0.444875, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-15", "end": "2024-04-12", "tenure": "Developing", "return": -0.059574, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-04-26", "tenure": "New", "return": -0.019324, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-03", "end": "2025-01-31", "tenure": "Extended", "return": -0.504926, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.111607, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": 0.064, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.077869, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": -0.220399, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": 0.209945, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-01", "tenure": "Developing", "return": -0.095943, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-10-31", "tenure": "Established", "return": 0.022959, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.089357, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-01-09", "tenure": "Developing", "return": 0.095292, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-03-20", "tenure": "Developing", "return": -0.197425, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": -0.402721, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.939091, "volume": 17725, "typical_volume": 15219.95, "trend": 46.647991, "fair_value": 42.671589, "relative_strength": 0.227295, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.670106, "energy": 50.828699, "activity_lines": [ 44.820692, 45.58035, 46.41764, 46.699869 ] }, { "date": "2023-08-25", "close": 43.904011, "volume": 12026, "typical_volume": 15085.2, "trend": 46.664717, "fair_value": 42.755291, "relative_strength": 1.984758, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.559387, "energy": 60.524912, "activity_lines": [ 44.380042, 45.170695, 46.113918, 46.522838 ] }, { "date": "2023-09-01", "close": 44.627708, "volume": 11279, "typical_volume": 15331.75, "trend": 46.6945, "fair_value": 42.839111, "relative_strength": 2.091001, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.734552, "energy": 56.551426, "activity_lines": [ 44.312498, 44.97157, 45.90623, 46.391418 ] }, { "date": "2023-09-08", "close": 44.531216, "volume": 4525, "typical_volume": 14894.75, "trend": 46.725809, "fair_value": 42.915983, "relative_strength": 2.273312, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.318967, "energy": 54.302614, "activity_lines": [ 44.309282, 44.790867, 45.710719, 46.251852 ] }, { "date": "2023-09-15", "close": 42.456627, "volume": 10549, "typical_volume": 14386.95, "trend": 46.602583, "fair_value": 42.998244, "relative_strength": -3.502693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.992607, "energy": 53.039492, "activity_lines": [ 43.669216, 44.282966, 45.340831, 45.976421 ] }, { "date": "2023-09-22", "close": 41.974167, "volume": 20743, "typical_volume": 14054.1, "trend": 46.43533, "fair_value": 43.077111, "relative_strength": -2.664559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.208813, "energy": 55.333148, "activity_lines": [ 43.096695, 43.749626, 44.954862, 45.677813 ] }, { "date": "2023-09-29", "close": 42.456627, "volume": 6163, "typical_volume": 13352.65, "trend": 46.248778, "fair_value": 43.150329, "relative_strength": -0.547228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.741977, "energy": 57.51185, "activity_lines": [ 42.749322, 43.403131, 44.635288, 45.421123 ] }, { "date": "2023-10-06", "close": 42.939091, "volume": 11393, "typical_volume": 13409.4, "trend": 46.104039, "fair_value": 43.213679, "relative_strength": 1.418893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.35976, "energy": 61.169419, "activity_lines": [ 42.659262, 43.206637, 44.380502, 45.207594 ] }, { "date": "2023-10-13", "close": 44.57946, "volume": 14907, "typical_volume": 13067.0, "trend": 46.091174, "fair_value": 43.299299, "relative_strength": 5.071889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.910573, "energy": 37.849295, "activity_lines": [ 43.228567, 43.365411, 44.298714, 45.109234 ] }, { "date": "2023-10-20", "close": 43.228569, "volume": 6535, "typical_volume": 11786.95, "trend": 46.026846, "fair_value": 43.386509, "relative_strength": 3.973905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.79257, "energy": 28.76204, "activity_lines": [ 43.344359, 43.292603, 44.103661, 44.92455 ] }, { "date": "2023-10-27", "close": 43.904011, "volume": 12262, "typical_volume": 11912.35, "trend": 45.882107, "fair_value": 43.490406, "relative_strength": 5.832443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.209223, "energy": 20.223941, "activity_lines": [ 43.633835, 43.39085, 43.99729, 44.787593 ] }, { "date": "2023-11-03", "close": 44.965427, "volume": 19215, "typical_volume": 12203.05, "trend": 45.727719, "fair_value": 43.598395, "relative_strength": 4.227124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.673496, "energy": 17.470669, "activity_lines": [ 44.14846, 43.664537, 44.012223, 44.728453 ] }, { "date": "2023-11-10", "close": 43.759277, "volume": 7678, "typical_volume": 12299.1, "trend": 45.549208, "fair_value": 43.682978, "relative_strength": 0.575837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.43718, "energy": 14.992542, "activity_lines": [ 44.093782, 43.699625, 43.927907, 44.601456 ] }, { "date": "2023-11-17", "close": 46.026844, "volume": 14202, "typical_volume": 12219.2, "trend": 45.436634, "fair_value": 43.772149, "relative_strength": 0.778345, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.95932, "energy": 9.820228, "activity_lines": [ 44.74028, 44.162788, 44.073105, 44.632271 ] }, { "date": "2023-11-24", "close": 45.110168, "volume": 7758, "typical_volume": 11882.7, "trend": 45.316018, "fair_value": 43.839168, "relative_strength": -2.254241, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.94419, "energy": 14.417828, "activity_lines": [ 44.984727, 44.43209, 44.136974, 44.611209 ] }, { "date": "2023-12-01", "close": 44.33823, "volume": 25603, "typical_volume": 12582.75, "trend": 45.25169, "fair_value": 43.876522, "relative_strength": -6.275787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.748986, "energy": 11.078412, "activity_lines": [ 44.846422, 44.512792, 44.131, 44.548126 ] }, { "date": "2023-12-08", "close": 47.715462, "volume": 11703, "typical_volume": 12639.55, "trend": 45.295112, "fair_value": 43.949993, "relative_strength": -1.622275, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.054283, "energy": 34.432226, "activity_lines": [ 45.804913, 45.164555, 44.461372, 44.707079 ] }, { "date": "2023-12-15", "close": 50.176014, "volume": 48685, "typical_volume": 14795.85, "trend": 45.418943, "fair_value": 44.033509, "relative_strength": 3.172766, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.485183, "energy": 54.219426, "activity_lines": [ 47.400253, 46.168075, 45.017351, 45.021976 ] }, { "date": "2023-12-22", "close": 49.114601, "volume": 15274, "typical_volume": 14801.75, "trend": 45.462365, "fair_value": 44.104796, "relative_strength": 1.117919, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.270016, "energy": 58.93197, "activity_lines": [ 48.214005, 46.84703, 45.452716, 45.260405 ] }, { "date": "2023-12-29", "close": 49.597065, "volume": 14885, "typical_volume": 14655.5, "trend": 45.504179, "fair_value": 44.183999, "relative_strength": 1.673557, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.518542, "energy": 73.09979, "activity_lines": [ 48.982728, 47.531249, 45.916109, 45.52716 ] }, { "date": "2024-01-05", "close": 49.500568, "volume": 9879, "typical_volume": 14263.2, "trend": 45.549208, "fair_value": 44.25143, "relative_strength": 2.309491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.296084, "energy": 71.175897, "activity_lines": [ 49.42016, 48.082132, 46.352622, 45.784992 ] }, { "date": "2024-01-12", "close": 52.105865, "volume": 18164, "typical_volume": 14570.1, "trend": 45.677865, "fair_value": 44.327725, "relative_strength": 6.679509, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.560322, "energy": 75.256338, "activity_lines": [ 50.381867, 49.00495, 47.006013, 46.208002 ] }, { "date": "2024-01-19", "close": 50.851463, "volume": 13326, "typical_volume": 14672.45, "trend": 45.819387, "fair_value": 44.389649, "relative_strength": 4.871452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.814731, "energy": 67.076249, "activity_lines": [ 50.632747, 49.569869, 47.500881, 46.541783 ] }, { "date": "2024-01-26", "close": 48.24617, "volume": 12930, "typical_volume": 15092.7, "trend": 45.851551, "fair_value": 44.438188, "relative_strength": -2.871679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.71405, "energy": 45.097699, "activity_lines": [ 49.970167, 49.53215, 47.717989, 46.698349 ] }, { "date": "2024-02-02", "close": 46.991768, "volume": 20837, "typical_volume": 15607.1, "trend": 45.88854, "fair_value": 44.426539, "relative_strength": -5.125491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.389635, "energy": 31.140772, "activity_lines": [ 48.947347, 49.226005, 47.797939, 46.771912 ] }, { "date": "2024-02-09", "close": 46.750538, "volume": 29862, "typical_volume": 16063.05, "trend": 45.866025, "fair_value": 44.415153, "relative_strength": -5.605616, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.090553, "energy": 21.009199, "activity_lines": [ 48.017804, 48.84179, 47.83332, 46.827524 ] }, { "date": "2024-02-16", "close": 46.509308, "volume": 45657, "typical_volume": 18037.75, "trend": 45.886932, "fair_value": 44.409455, "relative_strength": -6.978771, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.759543, "energy": 22.5887, "activity_lines": [ 47.191187, 48.369855, 47.822982, 46.869026 ] }, { "date": "2024-02-23", "close": 42.750462, "volume": 75418, "typical_volume": 21239.0, "trend": 45.776111, "fair_value": 44.411612, "relative_strength": -15.625553, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.650647, "energy": 32.342894, "activity_lines": [ 45.484724, 47.236424, 47.435359, 46.666674 ] }, { "date": "2024-03-01", "close": 43.790741, "volume": 226465, "typical_volume": 31816.9, "trend": 45.724089, "fair_value": 44.411365, "relative_strength": -14.764266, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -26.611179, "energy": 32.48572, "activity_lines": [ 44.665088, 46.427144, 47.14771, 46.538585 ] }, { "date": "2024-03-08", "close": 46.366665, "volume": 54014, "typical_volume": 34190.85, "trend": 45.74024, "fair_value": 44.409787, "relative_strength": -9.876504, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -18.895412, "energy": 26.880624, "activity_lines": [ 45.001122, 46.183011, 47.109142, 46.580042 ] }, { "date": "2024-03-15", "close": 46.564816, "volume": 152837, "typical_volume": 41219.6, "trend": 45.861098, "fair_value": 44.409479, "relative_strength": -9.838304, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.937615, "energy": 25.681008, "activity_lines": [ 45.44488, 46.03364, 47.074502, 46.63324 ] }, { "date": "2024-03-22", "close": 44.682404, "volume": 32019, "typical_volume": 41859.8, "trend": 45.887044, "fair_value": 44.409202, "relative_strength": -14.440038, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.475534, "energy": 19.584284, "activity_lines": [ 45.273548, 45.59539, 46.847915, 46.557195 ] }, { "date": "2024-03-29", "close": 45.227314, "volume": 24046, "typical_volume": 42678.2, "trend": 45.907031, "fair_value": 44.396691, "relative_strength": -14.370439, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -6.244612, "energy": 8.69498, "activity_lines": [ 45.405647, 45.391187, 46.674571, 46.514632 ] }, { "date": "2024-04-05", "close": 43.889812, "volume": 35534, "typical_volume": 43744.8, "trend": 45.885651, "fair_value": 44.388006, "relative_strength": -15.013662, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.626995, "energy": 22.017156, "activity_lines": [ 44.926788, 45.046058, 46.366856, 46.384489 ] }, { "date": "2024-04-12", "close": 43.790741, "volume": 25955, "typical_volume": 44654.65, "trend": 45.930122, "fair_value": 44.386247, "relative_strength": -13.65974, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.728141, "energy": 32.702355, "activity_lines": [ 44.408301, 44.762123, 46.059881, 46.249334 ] }, { "date": "2024-04-19", "close": 41.016666, "volume": 25920, "typical_volume": 44670.5, "trend": 45.898205, "fair_value": 44.380617, "relative_strength": -17.803371, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.639254, "energy": 54.973635, "activity_lines": [ 43.136851, 44.032012, 45.494992, 45.932336 ] }, { "date": "2024-04-26", "close": 40.224072, "volume": 26466, "typical_volume": 45408.65, "trend": 45.823786, "fair_value": 44.359927, "relative_strength": -20.814431, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.53493, "energy": 77.494902, "activity_lines": [ 41.971079, 43.262044, 44.870435, 45.566263 ] }, { "date": "2024-05-03", "close": 40.224072, "volume": 27738, "typical_volume": 44361.3, "trend": 45.733286, "fair_value": 44.332582, "relative_strength": -19.746649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.117207, "energy": 79.499507, "activity_lines": [ 41.102529, 42.606354, 44.281551, 45.204991 ] }, { "date": "2024-05-10", "close": 40.224072, "volume": 13493, "typical_volume": 44272.25, "trend": 45.588106, "fair_value": 44.284975, "relative_strength": -22.63019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.730166, "energy": 78.785698, "activity_lines": [ 40.567529, 41.996598, 43.740058, 44.849558 ] }, { "date": "2024-05-17", "close": 40.521297, "volume": 16579, "typical_volume": 44356.95, "trend": 45.497864, "fair_value": 44.219313, "relative_strength": -21.397663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.599466, "energy": 73.064619, "activity_lines": [ 40.375987, 41.505731, 43.269207, 44.522667 ] }, { "date": "2024-05-24", "close": 36.261108, "volume": 31097, "typical_volume": 45417.85, "trend": 45.2431, "fair_value": 44.131786, "relative_strength": -29.099749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.657301, "energy": 84.806354, "activity_lines": [ 38.982344, 40.346564, 42.435842, 43.926748 ] }, { "date": "2024-05-31", "close": 36.558334, "volume": 26411, "typical_volume": 45830.2, "trend": 44.962864, "fair_value": 44.033462, "relative_strength": -27.233804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.465065, "energy": 84.804045, "activity_lines": [ 38.004814, 39.428778, 41.693829, 43.36644 ] }, { "date": "2024-06-07", "close": 37.152779, "volume": 21712, "typical_volume": 46249.5, "trend": 44.742647, "fair_value": 43.915359, "relative_strength": -25.752521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.029415, "energy": 83.912302, "activity_lines": [ 37.469815, 38.766784, 41.082466, 42.862564 ] }, { "date": "2024-06-14", "close": 34.675926, "volume": 47287, "typical_volume": 47967.35, "trend": 44.364283, "fair_value": 43.797105, "relative_strength": -28.039822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.871697, "energy": 90.177689, "activity_lines": [ 36.313951, 37.801262, 40.300444, 42.213098 ] }, { "date": "2024-06-21", "close": 32.793518, "volume": 26631, "typical_volume": 48257.05, "trend": 43.953728, "fair_value": 43.660131, "relative_strength": -31.995003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.865522, "energy": 90.202177, "activity_lines": [ 34.900494, 36.66101, 39.403765, 41.466597 ] }, { "date": "2024-06-28", "close": 29.028702, "volume": 76349, "typical_volume": 50581.4, "trend": 43.443411, "fair_value": 43.49479, "relative_strength": -39.453692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.968773, "energy": 93.914559, "activity_lines": [ 32.747283, 35.036195, 38.216144, 40.503692 ] }, { "date": "2024-07-05", "close": 29.424999, "volume": 72445, "typical_volume": 51920.8, "trend": 42.833729, "fair_value": 43.331989, "relative_strength": -38.821223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.272946, "energy": 92.84759, "activity_lines": [ 31.208333, 33.701397, 37.150654, 39.599278 ] }, { "date": "2024-07-12", "close": 28.037962, "volume": 64927, "typical_volume": 51396.25, "trend": 42.095794, "fair_value": 43.212314, "relative_strength": -41.931404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.250069, "energy": 92.86655, "activity_lines": [ 29.682592, 32.310757, 36.034419, 38.644713 ] }, { "date": "2024-07-19", "close": 28.137035, "volume": 37075, "typical_volume": 41926.75, "trend": 41.396541, "fair_value": 43.095089, "relative_strength": -39.29453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.638474, "energy": 89.735436, "activity_lines": [ 28.797529, 31.159696, 34.99768, 37.744148 ] }, { "date": "2024-07-26", "close": 28.434259, "volume": 63778, "typical_volume": 42414.95, "trend": 40.691115, "fair_value": 42.975838, "relative_strength": -38.893812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.508624, "energy": 80.875898, "activity_lines": [ 28.447468, 30.28244, 34.063789, 36.907871 ] }, { "date": "2024-08-02", "close": 25.065739, "volume": 78242, "typical_volume": 38685.2, "trend": 39.87662, "fair_value": 42.830457, "relative_strength": -43.210625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.021049, "energy": 73.738751, "activity_lines": [ 27.265184, 29.012491, 32.894479, 35.899783 ] }, { "date": "2024-08-09", "close": 24.273148, "volume": 73282, "typical_volume": 40748.35, "trend": 38.948863, "fair_value": 42.683625, "relative_strength": -44.545451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.634223, "energy": 72.809487, "activity_lines": [ 26.0829, 27.801986, 31.75206, 34.893107 ] }, { "date": "2024-08-16", "close": 24.074999, "volume": 61043, "typical_volume": 42598.2, "trend": 38.056314, "fair_value": 42.546107, "relative_strength": -46.19323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.752865, "energy": 71.211202, "activity_lines": [ 25.178024, 26.778821, 30.687958, 33.933503 ] }, { "date": "2024-08-23", "close": 24.372223, "volume": 94677, "typical_volume": 45555.35, "trend": 37.260516, "fair_value": 42.407471, "relative_strength": -45.796686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.003351, "energy": 77.107579, "activity_lines": [ 24.636419, 26.047474, 29.752887, 33.050658 ] }, { "date": "2024-08-30", "close": 22.985186, "volume": 61445, "typical_volume": 47329.85, "trend": 36.460297, "fair_value": 42.248149, "relative_strength": -48.970426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.157032, "energy": 83.869893, "activity_lines": [ 23.883457, 25.251279, 28.778659, 32.129669 ] }, { "date": "2024-09-06", "close": 21.201851, "volume": 75459, "typical_volume": 49806.8, "trend": 35.608674, "fair_value": 42.091004, "relative_strength": -50.708841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.775414, "energy": 83.827635, "activity_lines": [ 22.899321, 24.309175, 27.733663, 31.145253 ] }, { "date": "2024-09-13", "close": 20.211111, "volume": 70336, "typical_volume": 52000.3, "trend": 34.732067, "fair_value": 41.921157, "relative_strength": -53.404605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.995977, "energy": 87.745351, "activity_lines": [ 21.842531, 23.329242, 26.688668, 30.151862 ] }, { "date": "2024-09-20", "close": 20.508333, "volume": 70477, "typical_volume": 54137.25, "trend": 33.990663, "fair_value": 41.730836, "relative_strength": -52.135528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.725766, "energy": 85.12421, "activity_lines": [ 21.155617, 22.570875, 25.767279, 29.234202 ] }, { "date": "2024-09-27", "close": 20.508333, "volume": 36303, "typical_volume": 55277.75, "trend": 33.214583, "fair_value": 41.559265, "relative_strength": -53.31866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.327976, "energy": 88.070391, "activity_lines": [ 20.706481, 21.949411, 24.939775, 28.364374 ] }, { "date": "2024-10-04", "close": 20.012962, "volume": 43315, "typical_volume": 56614.55, "trend": 32.336126, "fair_value": 41.370003, "relative_strength": -52.894113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.04215, "energy": 85.780269, "activity_lines": [ 20.349814, 21.376582, 24.158977, 27.512657 ] }, { "date": "2024-10-11", "close": 20.012962, "volume": 89302, "typical_volume": 59524.8, "trend": 31.451064, "fair_value": 41.160175, "relative_strength": -52.730694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.864433, "energy": 74.281374, "activity_lines": [ 20.191296, 20.956868, 23.475837, 26.717614 ] }, { "date": "2024-10-18", "close": 21.300926, "volume": 57435, "typical_volume": 61076.0, "trend": 30.671681, "fair_value": 40.959813, "relative_strength": -49.59931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.404507, "energy": 66.130389, "activity_lines": [ 20.541358, 20.863198, 22.992733, 26.062766 ] }, { "date": "2024-10-25", "close": 20.607407, "volume": 63771, "typical_volume": 63178.95, "trend": 29.851018, "fair_value": 40.750167, "relative_strength": -49.889547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.528672, "energy": 64.429322, "activity_lines": [ 20.587592, 20.697474, 22.516234, 25.413458 ] }, { "date": "2024-11-01", "close": 17.684723, "volume": 148901, "typical_volume": 68259.65, "trend": 28.977515, "fair_value": 40.500615, "relative_strength": -55.707464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.796972, "energy": 73.150295, "activity_lines": [ 19.652994, 20.0634, 21.840172, 24.628536 ] }, { "date": "2024-11-08", "close": 17.337963, "volume": 79997, "typical_volume": 70927.95, "trend": 28.095756, "fair_value": 40.240373, "relative_strength": -55.676877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.267434, "energy": 72.670806, "activity_lines": [ 18.791049, 19.48787, 21.211995, 23.877597 ] }, { "date": "2024-11-15", "close": 16.495832, "volume": 97419, "typical_volume": 71981.45, "trend": 27.278394, "fair_value": 39.989248, "relative_strength": -56.993682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.456531, "energy": 77.032247, "activity_lines": [ 17.826728, 18.861902, 20.577213, 23.129215 ] }, { "date": "2024-11-22", "close": 17.88287, "volume": 140188, "typical_volume": 75368.6, "trend": 26.533688, "fair_value": 39.770605, "relative_strength": -52.788395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.373788, "energy": 67.563329, "activity_lines": [ 17.559228, 18.573687, 20.13421, 22.523052 ] }, { "date": "2024-11-29", "close": 17.585648, "volume": 160987, "typical_volume": 80171.6, "trend": 25.779074, "fair_value": 39.537959, "relative_strength": -53.466542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.888772, "energy": 65.903205, "activity_lines": [ 17.420524, 18.273762, 19.717863, 21.945759 ] }, { "date": "2024-12-06", "close": 18.031483, "volume": 85994, "typical_volume": 82617.55, "trend": 25.039321, "fair_value": 39.290631, "relative_strength": -53.142981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.023756, "energy": 64.112609, "activity_lines": [ 17.631883, 18.108039, 19.39375, 21.445915 ] }, { "date": "2024-12-13", "close": 20.012962, "volume": 94692, "typical_volume": 84163.25, "trend": 24.355709, "fair_value": 39.080803, "relative_strength": -46.959664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.848692, "energy": 46.382135, "activity_lines": [ 18.480617, 18.347618, 19.30647, 21.121633 ] }, { "date": "2024-12-20", "close": 18.031483, "volume": 89512, "typical_volume": 84726.75, "trend": 23.748055, "fair_value": 38.8492, "relative_strength": -49.899273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.933565, "energy": 40.269789, "activity_lines": [ 18.490525, 18.226928, 19.07058, 20.713619 ] }, { "date": "2024-12-27", "close": 17.88287, "volume": 83284, "typical_volume": 85226.85, "trend": 23.12554, "fair_value": 38.619065, "relative_strength": -49.450191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.6781, "energy": 36.02569, "activity_lines": [ 18.348519, 18.115244, 18.854032, 20.33522 ] }, { "date": "2025-01-03", "close": 17.387499, "volume": 45791, "typical_volume": 84464.25, "trend": 22.466697, "fair_value": 38.399665, "relative_strength": -49.499988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.109453, "energy": 38.080304, "activity_lines": [ 18.041389, 17.97564, 18.620736, 19.965024 ] }, { "date": "2025-01-10", "close": 17.536112, "volume": 46148, "typical_volume": 82037.8, "trend": 21.89537, "fair_value": 38.195735, "relative_strength": -48.558275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.473224, "energy": 44.605692, "activity_lines": [ 17.797006, 17.921599, 18.433439, 19.646921 ] }, { "date": "2025-01-17", "close": 17.981943, "volume": 51853, "typical_volume": 81558.2, "trend": 21.401651, "fair_value": 38.00555, "relative_strength": -47.668408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.585851, "energy": 41.229729, "activity_lines": [ 17.734259, 17.951321, 18.321155, 19.394442 ] }, { "date": "2025-01-24", "close": 19.071758, "volume": 44764, "typical_volume": 80023.45, "trend": 21.069753, "fair_value": 37.830215, "relative_strength": -44.503963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.002448, "energy": 27.643269, "activity_lines": [ 18.170184, 18.167483, 18.336488, 19.244127 ] }, { "date": "2025-01-31", "close": 19.913889, "volume": 43877, "typical_volume": 78700.5, "trend": 20.752716, "fair_value": 37.643946, "relative_strength": -41.652195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.592278, "energy": 9.394799, "activity_lines": [ 18.817469, 18.489924, 18.442167, 19.169555 ] }, { "date": "2025-02-07", "close": 22.192593, "volume": 106111, "typical_volume": 80482.2, "trend": 20.55787, "fair_value": 37.45051, "relative_strength": -33.724751, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 17.058599, "energy": 26.214829, "activity_lines": [ 20.08892, 19.189747, 18.766281, 19.26245 ] }, { "date": "2025-02-14", "close": 24.669443, "volume": 119777, "typical_volume": 84655.9, "trend": 20.442284, "fair_value": 37.282023, "relative_strength": -27.228818, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.63878, "energy": 61.78464, "activity_lines": [ 21.865648, 20.256144, 19.318265, 19.527713 ] }, { "date": "2025-02-21", "close": 25.0, "volume": 58301, "typical_volume": 85405.2, "trend": 20.327808, "fair_value": 37.150378, "relative_strength": -24.216723, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 56.696466, "energy": 78.224809, "activity_lines": [ 23.277006, 21.261952, 19.881916, 19.821759 ] }, { "date": "2025-02-28", "close": 25.700001, "volume": 35363, "typical_volume": 82708.25, "trend": 20.34895, "fair_value": 37.047544, "relative_strength": -21.652966, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.77902, "energy": 82.262745, "activity_lines": [ 24.453827, 22.30436, 20.488485, 20.168352 ] }, { "date": "2025-03-07", "close": 26.6, "volume": 33810, "typical_volume": 81527.0, "trend": 20.426512, "fair_value": 36.959602, "relative_strength": -18.971939, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.232767, "energy": 92.322988, "activity_lines": [ 25.488766, 23.370976, 21.153688, 20.571646 ] }, { "date": "2025-03-14", "close": 24.4, "volume": 65795, "typical_volume": 81628.2, "trend": 20.437346, "fair_value": 36.84053, "relative_strength": -24.030615, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.938118, "energy": 82.214611, "activity_lines": [ 25.34463, 23.879099, 21.584133, 20.828 ] }, { "date": "2025-03-21", "close": 24.299999, "volume": 64817, "typical_volume": 77424.0, "trend": 20.434938, "fair_value": 36.73085, "relative_strength": -22.542747, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.322261, "energy": 59.934639, "activity_lines": [ 25.02, 24.24154, 21.986995, 21.077203 ] }, { "date": "2025-03-28", "close": 23.799999, "volume": 31562, "typical_volume": 75002.25, "trend": 20.462099, "fair_value": 36.613709, "relative_strength": -21.149982, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.905821, "energy": 48.612997, "activity_lines": [ 24.553333, 24.390092, 22.310736, 21.294304 ] }, { "date": "2025-04-04", "close": 22.5, "volume": 64044, "typical_volume": 73333.5, "trend": 20.50537, "fair_value": 36.490667, "relative_strength": -17.317526, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.161458, "energy": 30.164989, "activity_lines": [ 23.733333, 24.196498, 22.479896, 21.425781 ] }, { "date": "2025-04-11", "close": 22.549999, "volume": 32647, "typical_volume": 67956.45, "trend": 20.583333, "fair_value": 36.359735, "relative_strength": -14.377305, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.030939, "energy": 23.011004, "activity_lines": [ 23.143333, 23.949663, 22.625227, 21.557693 ] }, { "date": "2025-04-18", "close": 23.15, "volume": 10617, "typical_volume": 60437.95, "trend": 20.671389, "fair_value": 36.218359, "relative_strength": -13.984679, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.12978, "energy": 22.378871, "activity_lines": [ 23.023333, 23.76399, 22.805476, 21.723284 ] }, { "date": "2025-04-25", "close": 24.35, "volume": 30578, "typical_volume": 57667.15, "trend": 20.799444, "fair_value": 36.104439, "relative_strength": -12.253213, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.671751, "energy": 21.951215, "activity_lines": [ 23.386666, 23.779091, 23.073514, 21.960614 ] }, { "date": "2025-05-02", "close": 19.66, "volume": 265517, "typical_volume": 66208.4, "trend": 20.787679, "fair_value": 35.963192, "relative_strength": -30.257924, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.518974, "energy": 11.644052, "activity_lines": [ 22.183333, 22.947272, 22.864797, 21.887102 ] }, { "date": "2025-05-09", "close": 19.6, "volume": 48905, "typical_volume": 64178.05, "trend": 20.773913, "fair_value": 35.821256, "relative_strength": -30.254308, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.408959, "energy": 16.072267, "activity_lines": [ 21.236, 22.201636, 22.652046, 21.810477 ] }, { "date": "2025-05-16", "close": 17.58, "volume": 113441, "typical_volume": 65685.9, "trend": 20.649883, "fair_value": 35.667587, "relative_strength": -36.695655, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.581262, "energy": 42.361784, "activity_lines": [ 19.808667, 21.199636, 22.239446, 21.604418 ] }, { "date": "2025-05-23", "close": 18.1, "volume": 47588, "typical_volume": 65775.75, "trend": 20.566302, "fair_value": 35.512083, "relative_strength": -33.151495, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.437131, "energy": 58.039733, "activity_lines": [ 18.886, 20.456182, 21.877812, 21.43991 ] }, { "date": "2025-05-30", "close": 19.92, "volume": 70263, "typical_volume": 66981.5, "trend": 20.640812, "fair_value": 35.381016, "relative_strength": -26.136656, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.661122, "energy": 54.679971, "activity_lines": [ 18.906667, 20.158182, 21.686118, 21.398213 ] }, { "date": "2025-06-06", "close": 22.049999, "volume": 65005, "typical_volume": 67639.1, "trend": 20.797879, "fair_value": 35.267556, "relative_strength": -17.730023, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.154596, "energy": 29.282902, "activity_lines": [ 19.932666, 20.327091, 21.685929, 21.489128 ] }, { "date": "2025-06-13", "close": 21.9, "volume": 23866, "typical_volume": 66594.2, "trend": 20.978018, "fair_value": 35.171378, "relative_strength": -14.05974, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 2.776118, "energy": 6.457749, "activity_lines": [ 20.749333, 20.500545, 21.652083, 21.560233 ] }, { "date": "2025-06-20", "close": 20.950001, "volume": 11800, "typical_volume": 64990.35, "trend": 21.080256, "fair_value": 35.082794, "relative_strength": -15.847995, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.306551, "energy": 11.162608, "activity_lines": [ 21.096, 20.512182, 21.514293, 21.558425 ] }, { "date": "2025-06-27", "close": 20.85, "volume": 24238, "typical_volume": 60896.7, "trend": 21.189068, "fair_value": 35.000866, "relative_strength": -17.55143, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.6205, "energy": 11.82273, "activity_lines": [ 21.184667, 20.534727, 21.362045, 21.54357 ] }, { "date": "2025-07-04", "close": 21.9, "volume": 12079, "typical_volume": 55511.8, "trend": 21.318018, "fair_value": 34.921108, "relative_strength": -11.416641, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.182171, "energy": 10.838063, "activity_lines": [ 21.44, 20.79, 21.31619, 21.589436 ] }, { "date": "2025-07-11", "close": 20.9, "volume": 10254, "typical_volume": 53109.45, "trend": 21.347586, "fair_value": 34.844973, "relative_strength": -16.108313, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.830436, "energy": 4.287374, "activity_lines": [ 21.23, 20.908, 21.188286, 21.562467 ] }, { "date": "2025-07-18", "close": 20.35, "volume": 36537, "typical_volume": 53168.15, "trend": 21.42487, "fair_value": 34.765617, "relative_strength": -17.331173, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.0501, "energy": 6.561349, "activity_lines": [ 20.913333, 20.903455, 21.027524, 21.498107 ] }, { "date": "2025-07-25", "close": 19.799999, "volume": 28635, "typical_volume": 52909.4, "trend": 21.488774, "fair_value": 34.670877, "relative_strength": -18.198963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.706362, "energy": 25.218578, "activity_lines": [ 20.516666, 20.785273, 20.839857, 21.393277 ] }, { "date": "2025-08-01", "close": 18.940001, "volume": 9256, "typical_volume": 50082.45, "trend": 21.540525, "fair_value": 34.565151, "relative_strength": -18.146161, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.456725, "energy": 52.32088, "activity_lines": [ 19.91, 20.470364, 20.602667, 21.22884 ] }, { "date": "2025-08-08", "close": 19.6, "volume": 22912, "typical_volume": 47987.2, "trend": 21.609321, "fair_value": 34.458486, "relative_strength": -16.974395, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.165391, "energy": 54.163244, "activity_lines": [ 19.650667, 20.260182, 20.454333, 21.103644 ] }, { "date": "2025-08-15", "close": 19.280001, "volume": 16782, "typical_volume": 47248.2, "trend": 21.652589, "fair_value": 34.36315, "relative_strength": -18.146728, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.57034, "energy": 61.417656, "activity_lines": [ 19.438, 19.997637, 20.297905, 20.953366 ] }, { "date": "2025-08-22", "close": 19.700001, "volume": 8468, "typical_volume": 44469.4, "trend": 21.673531, "fair_value": 34.269593, "relative_strength": -15.53773, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.524734, "energy": 56.331295, "activity_lines": [ 19.473334, 19.861819, 20.203, 20.827392 ] }, { "date": "2025-08-29", "close": 19.74, "volume": 7274, "typical_volume": 43200.75, "trend": 21.667735, "fair_value": 34.18511, "relative_strength": -13.053476, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.742395, "energy": 41.862817, "activity_lines": [ 19.565334, 19.773273, 20.125238, 20.702648 ] }, { "date": "2025-09-05", "close": 18.299999, "volume": 24020, "typical_volume": 43870.9, "trend": 21.537981, "fair_value": 34.09383, "relative_strength": -17.715528, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.556163, "energy": 56.652634, "activity_lines": [ 19.181333, 19.444909, 19.923714, 20.485375 ] }, { "date": "2025-09-12", "close": 18.139999, "volume": 9835, "typical_volume": 42833.75, "trend": 21.320333, "fair_value": 34.000611, "relative_strength": -18.257139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.452675, "energy": 58.479085, "activity_lines": [ 18.786666, 19.133818, 19.730048, 20.26615 ] }, { "date": "2025-09-19", "close": 18.32, "volume": 11445, "typical_volume": 30130.15, "trend": 21.097667, "fair_value": 33.920405, "relative_strength": -16.692468, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.770843, "energy": 62.292763, "activity_lines": [ 18.549333, 18.923818, 19.583095, 20.072581 ] }, { "date": "2025-09-26", "close": 18.0, "volume": 7574, "typical_volume": 28063.6, "trend": 20.841, "fair_value": 33.832066, "relative_strength": -17.992678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.478071, "energy": 69.95308, "activity_lines": [ 18.269333, 18.702545, 19.412048, 19.872731 ] }, { "date": "2025-10-03", "close": 18.08, "volume": 8139, "typical_volume": 22798.5, "trend": 20.557, "fair_value": 33.748497, "relative_strength": -19.276255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.354986, "energy": 65.467352, "activity_lines": [ 18.129333, 18.538545, 19.256238, 19.694602 ] }, { "date": "2025-10-10", "close": 19.620001, "volume": 32363, "typical_volume": 22037.25, "trend": 20.397667, "fair_value": 33.6973, "relative_strength": -11.489826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.494633, "energy": 38.245396, "activity_lines": [ 18.613334, 18.685818, 19.244714, 19.634151 ] }, { "date": "2025-10-17", "close": 19.4, "volume": 33003, "typical_volume": 20174.25, "trend": 20.234333, "fair_value": 33.650167, "relative_strength": -10.467344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.977751, "energy": 25.133495, "activity_lines": [ 18.936, 18.780727, 19.205, 19.569785 ] }, { "date": "2025-10-24", "close": 20.65, "volume": 22559, "typical_volume": 18051.95, "trend": 20.129333, "fair_value": 33.594931, "relative_strength": -5.894381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.963361, "energy": 15.11916, "activity_lines": [ 19.591334, 19.106545, 19.28681, 19.596602 ] }, { "date": "2025-10-31", "close": 20.049999, "volume": 18670, "typical_volume": 17792.15, "trend": 20.047667, "fair_value": 33.538889, "relative_strength": -7.394285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.657639, "energy": 23.935801, "activity_lines": [ 19.891333, 19.298363, 19.318143, 19.591484 ] }, { "date": "2025-11-07", "close": 19.92, "volume": 19566, "typical_volume": 18180.45, "trend": 19.96, "fair_value": 33.478973, "relative_strength": -6.364961, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.736057, "energy": 22.274022, "activity_lines": [ 20.011333, 19.460182, 19.345905, 19.583247 ] }, { "date": "2025-11-14", "close": 18.200001, "volume": 21554, "typical_volume": 18046.25, "trend": 19.795, "fair_value": 33.3907, "relative_strength": -15.374577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.731792, "energy": 18.035842, "activity_lines": [ 19.435333, 19.306, 19.214762, 19.469699 ] }, { "date": "2025-11-21", "close": 17.639999, "volume": 8094, "typical_volume": 17847.0, "trend": 19.571333, "fair_value": 33.290628, "relative_strength": -14.897692, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.673702, "energy": 30.101301, "activity_lines": [ 18.767333, 19.051818, 19.042905, 19.330667 ] }, { "date": "2025-11-28", "close": 18.139999, "volume": 15671, "typical_volume": 18117.85, "trend": 19.520667, "fair_value": 33.183726, "relative_strength": -14.974468, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.269794, "energy": 41.306043, "activity_lines": [ 18.383333, 18.897636, 18.938952, 19.238323 ] }, { "date": "2025-12-05", "close": 17.84, "volume": 11540, "typical_volume": 16868.0, "trend": 19.462, "fair_value": 33.079159, "relative_strength": -16.792486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.16955, "energy": 52.467912, "activity_lines": [ 18.066666, 18.692182, 18.819571, 19.129892 ] }, { "date": "2025-12-12", "close": 18.52, "volume": 11863, "typical_volume": 16029.4, "trend": 19.493333, "fair_value": 32.973477, "relative_strength": -13.786896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.888559, "energy": 55.259973, "activity_lines": [ 18.124, 18.613273, 18.776905, 19.069118 ] }, { "date": "2025-12-19", "close": 18.24, "volume": 19943, "typical_volume": 16563.75, "trend": 19.498, "fair_value": 32.847148, "relative_strength": -15.160358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.704247, "energy": 41.080034, "activity_lines": [ 18.181333, 18.475454, 18.713667, 18.988258 ] }, { "date": "2025-12-26", "close": 18.1, "volume": 6477, "typical_volume": 15742.0, "trend": 19.437333, "fair_value": 32.720226, "relative_strength": -15.713323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.434456, "energy": 31.542026, "activity_lines": [ 18.189333, 18.337273, 18.640428, 18.898064 ] }, { "date": "2026-01-02", "close": 19.200001, "volume": 10366, "typical_volume": 15421.2, "trend": 19.342333, "fair_value": 32.581807, "relative_strength": -11.140627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.436936, "energy": 14.232336, "activity_lines": [ 18.533334, 18.422727, 18.679095, 18.882753 ] }, { "date": "2026-01-09", "close": 19.540001, "volume": 14734, "typical_volume": 15734.5, "trend": 19.263667, "fair_value": 32.447088, "relative_strength": -11.972114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.632504, "energy": 11.00121, "activity_lines": [ 18.920001, 18.596364, 18.750524, 18.895505 ] }, { "date": "2026-01-16", "close": 18.639999, "volume": 4308, "typical_volume": 15586.2, "trend": 19.186667, "fair_value": 32.295654, "relative_strength": -15.917366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.092454, "energy": 15.012282, "activity_lines": [ 18.893333, 18.615636, 18.737, 18.855269 ] }, { "date": "2026-01-23", "close": 19.4, "volume": 11429, "typical_volume": 14956.65, "trend": 19.138333, "fair_value": 32.141793, "relative_strength": -10.876248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.600494, "energy": 15.679534, "activity_lines": [ 19.112, 18.796364, 18.801095, 18.869032 ] }, { "date": "2026-01-30", "close": 19.219999, "volume": 12406, "typical_volume": 15085.2, "trend": 19.049, "fair_value": 31.984651, "relative_strength": -10.137868, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.305579, "energy": 14.484582, "activity_lines": [ 19.193333, 18.922545, 18.842809, 18.874301 ] }, { "date": "2026-02-06", "close": 17.82, "volume": 21393, "typical_volume": 15582.6, "trend": 18.946333, "fair_value": 31.819446, "relative_strength": -16.75211, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.025226, "energy": 15.226826, "activity_lines": [ 18.733333, 18.765454, 18.746048, 18.795011 ] }, { "date": "2026-02-13", "close": 18.5, "volume": 38973, "typical_volume": 17152.55, "trend": 18.884667, "fair_value": 31.642181, "relative_strength": -13.568283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.860087, "energy": 13.801662, "activity_lines": [ 18.592, 18.737818, 18.716428, 18.766215 ] }, { "date": "2026-02-20", "close": 19.540001, "volume": 38302, "typical_volume": 18660.7, "trend": 18.876, "fair_value": 31.466208, "relative_strength": -9.251878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.251262, "energy": 4.068116, "activity_lines": [ 18.866667, 18.887273, 18.783476, 18.808495 ] }, { "date": "2026-02-27", "close": 19.24, "volume": 39644, "typical_volume": 19024.75, "trend": 18.886, "fair_value": 31.281508, "relative_strength": -9.95922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.547145, "energy": 6.170628, "activity_lines": [ 18.981334, 18.963636, 18.815, 18.831978 ] }, { "date": "2026-03-06", "close": 17.9, "volume": 19078, "typical_volume": 18328.5, "trend": 18.829333, "fair_value": 31.093167, "relative_strength": -9.398618, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.086331, "energy": 18.447979, "activity_lines": [ 18.66, 18.778182, 18.720714, 18.768366 ] }, { "date": "2026-03-13", "close": 17.299999, "volume": 23049, "typical_volume": 18353.0, "trend": 18.763333, "fair_value": 30.915824, "relative_strength": -11.239071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.56697, "energy": 38.472769, "activity_lines": [ 18.226666, 18.487273, 18.576429, 18.669699 ] }, { "date": "2026-03-20", "close": 14.96, "volume": 24259, "typical_volume": 18632.45, "trend": 18.605333, "fair_value": 30.722245, "relative_strength": -18.847179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -81.758364, "energy": 73.842601, "activity_lines": [ 17.048, 17.805454, 18.225238, 18.424323 ] }, { "date": "2026-03-27", "close": 14.7, "volume": 25555, "typical_volume": 18931.9, "trend": 18.437333, "fair_value": 30.507205, "relative_strength": -19.218335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.472025, "energy": 83.478586, "activity_lines": [ 16.018666, 17.159636, 17.873524, 18.172366 ] }, { "date": "2026-04-03", "close": 15.02, "volume": 27846, "typical_volume": 19246.5, "trend": 18.328, "fair_value": 30.285557, "relative_strength": -19.71404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.127936, "energy": 84.28354, "activity_lines": [ 15.418667, 16.643636, 17.577143, 17.951892 ] }, { "date": "2026-04-10", "close": 14.7, "volume": 76094, "typical_volume": 22646.5, "trend": 18.213333, "fair_value": 30.064951, "relative_strength": -22.621907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.476041, "energy": 86.222732, "activity_lines": [ 14.993333, 16.149091, 17.265429, 17.717828 ] }, { "date": "2026-04-17", "close": 16.049999, "volume": 97853, "typical_volume": 26755.6, "trend": 18.137667, "fair_value": 29.851143, "relative_strength": -17.711719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.280888, "energy": 74.836002, "activity_lines": [ 15.231333, 15.982182, 17.096286, 17.578258 ] }, { "date": "2026-04-24", "close": 15.15, "volume": 58132, "typical_volume": 29085.2, "trend": 18.042667, "fair_value": 29.635895, "relative_strength": -19.566004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.255572, "energy": 53.049288, "activity_lines": [ 15.252666, 15.683818, 16.851381, 17.385505 ] }, { "date": "2026-05-01", "close": 10.85, "volume": 304132, "typical_volume": 43698.65, "trend": 17.801667, "fair_value": 29.408856, "relative_strength": -42.206393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.213391, "energy": 66.485856, "activity_lines": [ 13.828, 14.664545, 16.209762, 16.921462 ] }, { "date": "2026-05-08", "close": 10.0, "volume": 213686, "typical_volume": 53385.8, "trend": 17.481, "fair_value": 29.17544, "relative_strength": -46.269398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.027285, "energy": 87.34994, "activity_lines": [ 12.376667, 13.648727, 15.523714, 16.418129 ] }, { "date": "2026-05-15", "close": 10.6, "volume": 181824, "typical_volume": 62153.15, "trend": 17.187667, "fair_value": 28.945562, "relative_strength": -41.687076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.769802, "energy": 90.374979, "activity_lines": [ 11.46, 12.91, 14.934048, 15.974193 ] }, { "date": "2026-05-22", "close": 10.05, "volume": 49496, "typical_volume": 64109.65, "trend": 16.834333, "fair_value": 28.703498, "relative_strength": -46.303612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.341985, "energy": 91.039308, "activity_lines": [ 10.633333, 12.204, 14.327714, 15.513699 ] }, { "date": "2026-05-29", "close": 10.15, "volume": 91311, "typical_volume": 67938.5, "trend": 16.504333, "fair_value": 28.458673, "relative_strength": -45.644376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.738023, "energy": 88.567589, "activity_lines": [ 10.24, 11.648, 13.774476, 15.082452 ] }, { "date": "2026-06-05", "close": 9.64, "volume": 3975, "typical_volume": 67921.85, "trend": 16.161667, "fair_value": 28.211816, "relative_strength": -46.944452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.897147, "energy": 87.537326, "activity_lines": [ 10.01, 11.086727, 13.217381, 14.639591 ] }, { "date": "2026-06-12", "close": 9.32, "volume": 19420, "typical_volume": 68321.4, "trend": 15.865667, "fair_value": 27.96229, "relative_strength": -47.689987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.996884, "energy": 85.417402, "activity_lines": [ 9.754, 10.559273, 12.672667, 14.198193 ] }, { "date": "2026-06-19", "close": 9.3, "volume": 6496, "typical_volume": 68025.9, "trend": 15.587667, "fair_value": 27.72315, "relative_strength": -47.805906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.530358, "energy": 83.460751, "activity_lines": [ 9.536667, 10.131818, 12.174048, 13.774602 ] }, { "date": "2026-06-26", "close": 8.88, "volume": 12211, "typical_volume": 67566.8, "trend": 15.279, "fair_value": 27.476988, "relative_strength": -48.827061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.23665, "energy": 81.149533, "activity_lines": [ 9.266, 9.726182, 11.682667, 13.341849 ] }, { "date": "2026-07-03", "close": 8.98, "volume": 9134, "typical_volume": 66074.85, "trend": 14.983667, "fair_value": 27.240436, "relative_strength": -49.687897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.358635, "energy": 74.028534, "activity_lines": [ 9.106667, 9.469091, 11.243381, 12.935462 ] }, { "date": "2026-07-10", "close": 9.08, "volume": 82887, "typical_volume": 68304.1, "trend": 14.669, "fair_value": 26.994629, "relative_strength": -46.946239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.964264, "energy": 65.179332, "activity_lines": [ 9.058667, 9.342364, 10.858952, 12.554581 ] }, { "date": "2026-07-17", "close": 8.6, "volume": 49976, "typical_volume": 68820.7, "trend": 14.347667, "fair_value": 26.755641, "relative_strength": -48.560976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.865067, "energy": 67.060347, "activity_lines": [ 8.888, 9.160545, 10.478619, 12.163032 ] }, { "date": "2026-07-24", "close": 8.48, "volume": 21159, "typical_volume": 68924.75, "trend": 14.027, "fair_value": 26.514647, "relative_strength": -49.123249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.959849, "energy": 66.182452, "activity_lines": [ 8.725333, 8.982364, 10.137524, 11.784473 ] }, { "date": "2026-07-31", "close": 8.84, "volume": 19561, "typical_volume": 68750.35, "trend": 13.681667, "fair_value": 26.280599, "relative_strength": -47.353894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.378542, "energy": 84.33664, "activity_lines": [ 8.737333, 8.908182, 9.875571, 11.449828 ] }, { "date": "2026-08-07", "close": 8.78, "volume": 40756, "typical_volume": 69575.2, "trend": 13.323, "fair_value": 26.042765, "relative_strength": -48.358553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.978729, "energy": 84.342851, "activity_lines": [ 8.732, 8.845091, 9.64819, 11.133591 ] } ], "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." } } }