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"fair_value": 24.74202, "relative_strength": -0.010189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.571789, "energy": 87.171304, "activity_lines": [ 28.850887, 27.927902, 26.667767, 26.236735 ] }, { "date": "2026-07-31", "close": 27.9952, "volume": 14771, "typical_volume": 65395.3, "trend": 26.08059, "fair_value": 24.765961, "relative_strength": -1.715739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.984563, "energy": 76.699325, "activity_lines": [ 28.557973, 28.100011, 26.874973, 26.36264 ] }, { "date": "2026-08-07", "close": 29.8658, "volume": 20270, "typical_volume": 65548.2, "trend": 26.149813, "fair_value": 24.804587, "relative_strength": -0.269601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.409039, "energy": 64.82315, "activity_lines": [ 28.905767, 28.55326, 27.24157, 26.606847 ] } ], "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." } } }