{ "ticker": { "uuid": "ce775e12-c466-40a9-8d12-68a5b2a17d2e", "symbol": "PUBM", "name": "Pubmatic\u00a0Inc", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 90.963, "architecture_energy": 68.67, "architecture_maturity": 58.097, "architecture_confidence": 75.748, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 13.12, "rotation_up": 69.82, "upward_expansion": 81.4, "deceleration": 67.63, "rotation_down": 15.61, "downward_expansion": 10.4 }, "activity_lines": [ 14.391333, 13.604727, 12.408571, 11.388022 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 17.78, "trend_reference": 10.062833, "distance_from_trend": 0.766898, "trend_direction": "Improving", "fair_value": 13.448365, "distance_from_fair_value": 0.322094, "fair_value_direction": "Improving", "relative_strength": 66.616551, "relative_strength_direction": "Improving", "price_momentum": 1.739599, "excess_performance": 1.552146, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.766898, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.161208, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.322094, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.550018, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.666166, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.71251, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 1.739599, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.129875, "read": "Demand-led" } ], "volume": { "latest": 5570954, "relative_activity": 1.773874, "balance": 1.129875, "dry_up": 0.943023, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.088629, "annualized_volatility": 0.668277, "from_high_reference": -0.035766, "from_low_reference": 1.891057 }, "levels": { "trend_reference": 10.062833, "fair_value_reference": 13.448365, "structural_low": 6.15, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.002189, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.010288, "regime_survival": 0.8, "best_return": 0.424205, "worst_return": -0.269764, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.069556, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.018412, "regime_survival": 0.5, "best_return": 0.655493, "worst_return": -0.328421, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.057719, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.163495, "regime_survival": 0.0, "best_return": -0.025061, "worst_return": -0.090377, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.153085, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.386208, "regime_survival": 0.5, "best_return": 0.122807, "worst_return": -0.428977, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-08-02", "tenure": "Developing", "return": -0.055608, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-23", "tenure": "New", "return": 0.134424, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-12-06", "tenure": "Established", "return": 0.077564, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-02-21", "tenure": "Developing", "return": -0.109202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-06-06", "tenure": "Established", "return": 0.134525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.212885, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": -0.1249, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.035842, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-12-05", "tenure": "Established", "return": 0.096774, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-23", "tenure": "Developing", "return": -0.145856, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-03-20", "tenure": "Developing", "return": 0.099862, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.197802, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.06341, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.655493, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.29, "volume": 2490902, "typical_volume": 2185049.85, "trend": 15.826667, "fair_value": 25.65117, "relative_strength": -33.300031, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -37.927912, "energy": 37.818002, "activity_lines": [ 15.377333, 16.766364, 16.998905, 16.418624 ] }, { "date": "2023-08-25", "close": 12.91, "volume": 2157282, "typical_volume": 2224910.25, "trend": 15.751, "fair_value": 25.561444, "relative_strength": -30.272799, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.134416, "energy": 50.375348, "activity_lines": [ 14.137333, 15.924909, 16.661762, 16.230452 ] }, { "date": "2023-09-01", "close": 14.225, "volume": 2376240, "typical_volume": 2260237.6, "trend": 15.682833, "fair_value": 25.482168, "relative_strength": -25.175866, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.581399, "energy": 47.256232, "activity_lines": [ 13.714333, 15.434727, 16.454476, 16.132 ] }, { "date": "2023-09-08", "close": 12.93, "volume": 1540957, "typical_volume": 2265386.75, "trend": 15.612167, "fair_value": 25.395, "relative_strength": -30.334941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.15303, "energy": 67.042948, "activity_lines": [ 13.210667, 14.785545, 16.123976, 15.954398 ] }, { "date": "2023-09-15", "close": 12.53, "volume": 1756705, "typical_volume": 2261252.4, "trend": 15.463833, "fair_value": 25.306276, "relative_strength": -31.496462, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.896489, "energy": 64.424642, "activity_lines": [ 13.010333, 14.160909, 15.760857, 15.755548 ] }, { "date": "2023-09-22", "close": 11.72, "volume": 1457323, "typical_volume": 2154002.9, "trend": 15.3485, "fair_value": 25.213219, "relative_strength": -33.017182, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.762438, "energy": 60.963578, "activity_lines": [ 12.591333, 13.474636, 15.325976, 15.514011 ] }, { "date": "2023-09-29", "close": 12.1, "volume": 1221474, "typical_volume": 1975597.6, "trend": 15.297833, "fair_value": 25.124014, "relative_strength": -30.121145, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.7883, "energy": 56.872741, "activity_lines": [ 12.337, 12.993455, 14.929333, 15.30443 ] }, { "date": "2023-10-06", "close": 12.03, "volume": 1413346, "typical_volume": 1926000.0, "trend": 15.267167, "fair_value": 25.035541, "relative_strength": -30.780267, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.640388, "energy": 66.701508, "activity_lines": [ 12.113333, 12.617545, 14.541071, 15.093602 ] }, { "date": "2023-10-13", "close": 12.01, "volume": 1066996, "typical_volume": 1856029.9, "trend": 15.230167, "fair_value": 24.948121, "relative_strength": -30.1159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.103194, "energy": 71.394574, "activity_lines": [ 12.029333, 12.373636, 14.171048, 14.883462 ] }, { "date": "2023-10-20", "close": 11.69, "volume": 1322568, "typical_volume": 1818265.6, "trend": 15.1655, "fair_value": 24.859733, "relative_strength": -28.987843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.940903, "energy": 62.300412, "activity_lines": [ 11.9, 12.207364, 13.794786, 14.655065 ] }, { "date": "2023-10-27", "close": 11.26, "volume": 1237075, "typical_volume": 1788873.15, "trend": 15.080167, "fair_value": 24.769669, "relative_strength": -28.895877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.867075, "energy": 60.790971, "activity_lines": [ 11.683333, 11.992182, 13.408429, 14.403097 ] }, { "date": "2023-11-03", "close": 12.15, "volume": 1388375, "typical_volume": 1761908.25, "trend": 15.0225, "fair_value": 24.686645, "relative_strength": -27.061472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.085864, "energy": 49.521459, "activity_lines": [ 11.794, 11.957545, 13.142786, 14.214054 ] }, { "date": "2023-11-10", "close": 14.955, "volume": 3661054, "typical_volume": 1829638.35, "trend": 15.046, "fair_value": 24.623039, "relative_strength": -12.120524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.018984, "energy": 27.823174, "activity_lines": [ 12.836333, 12.446727, 13.177286, 14.209699 ] }, { "date": "2023-11-17", "close": 15.92, "volume": 2030204, "typical_volume": 1867632.3, "trend": 15.107333, "fair_value": 24.566526, "relative_strength": -7.830969, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.665901, "energy": 20.676192, "activity_lines": [ 14.005333, 13.098091, 13.320238, 14.266086 ] }, { "date": "2023-11-24", "close": 16.33, "volume": 1147465, "typical_volume": 1859831.55, "trend": 15.196333, "fair_value": 24.513387, "relative_strength": -5.801917, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 20.594298, "energy": 39.519463, "activity_lines": [ 15.050333, 13.769636, 13.513476, 14.344968 ] }, { "date": "2023-12-01", "close": 17.14, "volume": 1835931, "typical_volume": 1881974.2, "trend": 15.362667, "fair_value": 24.466122, "relative_strength": -0.785913, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.469429, "energy": 70.522313, "activity_lines": [ 16.056, 14.519364, 13.78819, 14.470366 ] }, { "date": "2023-12-08", "close": 17.11, "volume": 2139905, "typical_volume": 1935073.3, "trend": 15.424333, "fair_value": 24.415224, "relative_strength": -1.341098, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.386654, "energy": 76.405624, "activity_lines": [ 16.659667, 15.165091, 14.069857, 14.583097 ] }, { "date": "2023-12-15", "close": 17.41, "volume": 1895204, "typical_volume": 1981646.8, "trend": 15.462667, "fair_value": 24.363814, "relative_strength": -2.675636, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.291449, "energy": 76.986805, "activity_lines": [ 17.032667, 15.774273, 14.387143, 14.711204 ] }, { "date": "2023-12-22", "close": 16.65, "volume": 1873716, "typical_volume": 2008645.3, "trend": 15.447667, "fair_value": 24.275417, "relative_strength": -7.530098, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.849829, "energy": 67.797004, "activity_lines": [ 16.988667, 16.147455, 14.641952, 14.787806 ] }, { "date": "2023-12-29", "close": 16.31, "volume": 1070298, "typical_volume": 1754151.0, "trend": 15.385667, "fair_value": 24.200737, "relative_strength": -9.377662, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.764217, "energy": 45.916395, "activity_lines": [ 16.782667, 16.374455, 14.877857, 14.843441 ] }, { "date": "2024-01-05", "close": 14.86, "volume": 1389925, "typical_volume": 1699102.15, "trend": 15.254, "fair_value": 24.12734, "relative_strength": -14.327165, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.391862, "energy": 26.085757, "activity_lines": [ 16.094667, 16.253818, 14.961333, 14.809527 ] }, { "date": "2024-01-12", "close": 14.95, "volume": 1370924, "typical_volume": 1659784.25, "trend": 15.116333, "fair_value": 24.044455, "relative_strength": -15.973762, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.758273, "energy": 15.396155, "activity_lines": [ 15.588667, 16.084091, 15.041143, 14.789914 ] }, { "date": "2024-01-19", "close": 14.89, "volume": 1460570, "typical_volume": 1614000.75, "trend": 14.998333, "fair_value": 23.898045, "relative_strength": -18.041601, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 4.402042, "energy": 18.150168, "activity_lines": [ 15.206667, 15.852545, 15.105524, 14.775312 ] }, { "date": "2024-01-26", "close": 15.38, "volume": 1979938, "typical_volume": 1635949.8, "trend": 14.901667, "fair_value": 23.741827, "relative_strength": -15.291959, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.402566, "energy": 17.439503, "activity_lines": [ 15.156, 15.711273, 15.213405, 14.799935 ] }, { "date": "2024-02-02", "close": 15.22, "volume": 1347438, "typical_volume": 1615486.45, "trend": 14.834333, "fair_value": 23.483814, "relative_strength": -16.513621, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.317882, "energy": 12.833999, "activity_lines": [ 15.136667, 15.550727, 15.294381, 14.820473 ] }, { "date": "2024-02-09", "close": 15.84, "volume": 1257624, "typical_volume": 1605501.5, "trend": 14.722333, "fair_value": 23.266186, "relative_strength": -14.154782, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.138598, "energy": 20.730705, "activity_lines": [ 15.396667, 15.523091, 15.421595, 14.885355 ] }, { "date": "2024-02-16", "close": 17.19, "volume": 2360667, "typical_volume": 1662461.15, "trend": 14.675667, "fair_value": 23.076955, "relative_strength": -4.705081, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.501523, "energy": 41.750526, "activity_lines": [ 16.041333, 15.764545, 15.657762, 15.044559 ] }, { "date": "2024-02-23", "close": 16.36, "volume": 1569386, "typical_volume": 1670263.15, "trend": 14.571333, "fair_value": 22.766378, "relative_strength": -9.979396, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.301516, "energy": 46.35656, "activity_lines": [ 16.26, 15.853636, 15.790643, 15.153226 ] }, { "date": "2024-03-01", "close": 21.07, "volume": 7977791, "typical_volume": 2015802.9, "trend": 14.624333, "fair_value": 22.590288, "relative_strength": 13.560079, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.096685, "energy": 84.180899, "activity_lines": [ 17.950667, 16.818182, 16.351476, 15.572495 ] }, { "date": "2024-03-08", "close": 20.745, "volume": 2516498, "typical_volume": 2075499.4, "trend": 14.8725, "fair_value": 22.355833, "relative_strength": 13.378694, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.939185, "energy": 91.288194, "activity_lines": [ 19.153667, 17.643273, 16.838214, 15.967376 ] }, { "date": "2024-03-15", "close": 22.9, "volume": 4682386, "typical_volume": 2247764.95, "trend": 15.226167, "fair_value": 22.202821, "relative_strength": 26.074147, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.902261, "energy": 95.986731, "activity_lines": [ 20.706667, 18.779545, 17.487071, 16.48528 ] }, { "date": "2024-03-22", "close": 23.3, "volume": 2012744, "typical_volume": 2278983.4, "trend": 15.5725, "fair_value": 22.028526, "relative_strength": 24.073422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.182601, "energy": 94.701262, "activity_lines": [ 21.922333, 19.842364, 18.118595, 17.006172 ] }, { "date": "2024-03-29", "close": 23.72, "volume": 1801586, "typical_volume": 2186010.0, "trend": 15.889, "fair_value": 21.808782, "relative_strength": 26.402134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.421902, "energy": 92.485525, "activity_lines": [ 22.870667, 20.829727, 18.737024, 17.531817 ] }, { "date": "2024-04-05", "close": 23.69, "volume": 1627687, "typical_volume": 2165884.15, "trend": 16.247667, "fair_value": 21.594487, "relative_strength": 26.688953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.409085, "energy": 89.378428, "activity_lines": [ 23.318333, 21.651091, 19.310857, 18.035108 ] }, { "date": "2024-04-12", "close": 22.86, "volume": 1675125, "typical_volume": 2192267.15, "trend": 16.592, "fair_value": 21.388397, "relative_strength": 22.468391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.595492, "energy": 73.535844, "activity_lines": [ 23.314667, 22.170455, 19.768643, 18.46171 ] }, { "date": "2024-04-19", "close": 21.61, "volume": 1555695, "typical_volume": 2178255.35, "trend": 16.921667, "fair_value": 21.181859, "relative_strength": 21.961836, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.519875, "energy": 60.693286, "activity_lines": [ 22.753333, 22.323636, 20.076286, 18.785452 ] }, { "date": "2024-04-26", "close": 23.21, "volume": 1493156, "typical_volume": 2145917.9, "trend": 17.292, "fair_value": 21.000705, "relative_strength": 25.389511, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.430262, "energy": 56.152807, "activity_lines": [ 22.811333, 22.662818, 20.515024, 19.191151 ] }, { "date": "2024-05-03", "close": 23.43, "volume": 1158531, "typical_volume": 2109084.25, "trend": 17.672, "fair_value": 20.864872, "relative_strength": 24.388983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.89437, "energy": 52.086215, "activity_lines": [ 22.948667, 22.932545, 20.945667, 19.587151 ] }, { "date": "2024-05-10", "close": 22.49, "volume": 2989054, "typical_volume": 2164851.15, "trend": 18.021333, "fair_value": 20.792179, "relative_strength": 17.432689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.183274, "energy": 39.3607, "activity_lines": [ 22.792, 22.902818, 21.258119, 19.897989 ] }, { "date": "2024-05-17", "close": 24.02, "volume": 2478605, "typical_volume": 2235266.5, "trend": 18.432333, "fair_value": 20.724359, "relative_strength": 22.482465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.739338, "energy": 49.914235, "activity_lines": [ 23.225333, 23.125455, 21.688476, 20.285 ] }, { "date": "2024-05-24", "close": 23.75, "volume": 2103186, "typical_volume": 2270929.55, "trend": 18.848667, "fair_value": 20.687051, "relative_strength": 19.33905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.615797, "energy": 47.398597, "activity_lines": [ 23.491333, 23.239455, 22.056405, 20.628075 ] }, { "date": "2024-05-31", "close": 21.9, "volume": 1742522, "typical_volume": 2289509.45, "trend": 19.173667, "fair_value": 20.652115, "relative_strength": 11.958743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.696354, "energy": 36.482928, "activity_lines": [ 22.998, 23.001636, 22.20581, 20.824935 ] }, { "date": "2024-06-07", "close": 21.12, "volume": 2213260, "typical_volume": 2327143.95, "trend": 19.379167, "fair_value": 20.578205, "relative_strength": 5.478552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.079935, "energy": 27.463181, "activity_lines": [ 22.332, 22.647455, 22.247833, 20.950505 ] }, { "date": "2024-06-14", "close": 21.22, "volume": 1495069, "typical_volume": 2302900.5, "trend": 19.555833, "fair_value": 20.498141, "relative_strength": 2.750394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.434021, "energy": 21.172921, "activity_lines": [ 21.853333, 22.358727, 22.269714, 21.069269 ] }, { "date": "2024-06-21", "close": 19.89, "volume": 2301702, "typical_volume": 2350613.7, "trend": 19.6745, "fair_value": 20.353462, "relative_strength": -3.471183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.374534, "energy": 18.903977, "activity_lines": [ 21.016, 21.873091, 22.137119, 21.090828 ] }, { "date": "2024-06-28", "close": 20.31, "volume": 3439194, "typical_volume": 2459692.2, "trend": 19.780167, "fair_value": 20.254808, "relative_strength": -1.042078, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.250869, "energy": 21.283666, "activity_lines": [ 20.594, 21.517818, 22.022286, 21.131828 ] }, { "date": "2024-07-05", "close": 19.82, "volume": 1236478, "typical_volume": 2403482.75, "trend": 19.8705, "fair_value": 20.154872, "relative_strength": -6.435115, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.097702, "energy": 25.03803, "activity_lines": [ 20.238, 21.097091, 21.8395, 21.134398 ] }, { "date": "2024-07-12", "close": 20.2, "volume": 1998096, "typical_volume": 2424918.25, "trend": 19.9635, "fair_value": 20.081154, "relative_strength": -3.942678, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.160898, "energy": 27.686429, "activity_lines": [ 20.147333, 20.807091, 21.680381, 21.155656 ] }, { "date": "2024-07-19", "close": 21.28, "volume": 1679667, "typical_volume": 2110012.05, "trend": 20.117833, "fair_value": 20.009615, "relative_strength": 5.603762, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.831541, "energy": 14.865934, "activity_lines": [ 20.478, 20.772182, 21.605833, 21.240591 ] }, { "date": "2024-07-26", "close": 22.4, "volume": 1577823, "typical_volume": 2063078.3, "trend": 20.320833, "fair_value": 19.962756, "relative_strength": 14.252603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.751845, "energy": 14.157927, "activity_lines": [ 21.178, 20.962909, 21.636952, 21.387828 ] }, { "date": "2024-08-02", "close": 20.04, "volume": 1225739, "typical_volume": 1890245.95, "trend": 20.4935, "fair_value": 19.886282, "relative_strength": 5.84186, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.99441, "energy": 7.61613, "activity_lines": [ 20.924, 20.754, 21.435429, 21.36971 ] }, { "date": "2024-08-09", "close": 14.06, "volume": 6026974, "typical_volume": 2090957.45, "trend": 20.463833, "fair_value": 19.786282, "relative_strength": -25.834537, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -56.430308, "energy": 48.103376, "activity_lines": [ 18.694667, 19.525273, 20.678, 20.954645 ] }, { "date": "2024-08-16", "close": 13.63, "volume": 5402121, "typical_volume": 2270984.2, "trend": 20.421833, "fair_value": 19.703205, "relative_strength": -31.646023, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.442726, "energy": 77.347115, "activity_lines": [ 16.706, 18.360909, 19.923619, 20.513753 ] }, { "date": "2024-08-23", "close": 15.95, "volume": 3893728, "typical_volume": 2384286.25, "trend": 20.440833, "fair_value": 19.632949, "relative_strength": -20.749456, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.01276, "energy": 82.566376, "activity_lines": [ 15.928667, 17.754545, 19.438238, 20.225247 ] }, { "date": "2024-08-30", "close": 15.6, "volume": 2368218, "typical_volume": 2418940.9, "trend": 20.4535, "fair_value": 19.548654, "relative_strength": -21.695467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.671539, "energy": 85.802411, "activity_lines": [ 15.39, 17.180364, 18.956381, 19.912935 ] }, { "date": "2024-09-06", "close": 14.51, "volume": 1753031, "typical_volume": 2428807.7, "trend": 20.409167, "fair_value": 19.459487, "relative_strength": -22.597151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.96569, "energy": 87.390573, "activity_lines": [ 14.941333, 16.486, 18.405286, 19.529484 ] }, { "date": "2024-09-13", "close": 14.58, "volume": 1748504, "typical_volume": 2441575.1, "trend": 20.322167, "fair_value": 19.374615, "relative_strength": -26.470853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.399082, "energy": 76.039972, "activity_lines": [ 14.884667, 15.909818, 17.894667, 19.153409 ] }, { "date": "2024-09-20", "close": 14.52, "volume": 2297294, "typical_volume": 2498513.25, "trend": 20.260833, "fair_value": 19.286923, "relative_strength": -27.756965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.825697, "energy": 69.234087, "activity_lines": [ 14.773333, 15.418, 17.419429, 18.779075 ] }, { "date": "2024-09-27", "close": 14.91, "volume": 1452284, "typical_volume": 2421674.75, "trend": 20.0555, "fair_value": 19.216987, "relative_strength": -26.461972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.621467, "energy": 58.610464, "activity_lines": [ 14.732667, 15.100364, 17.023762, 18.43386 ] }, { "date": "2024-10-04", "close": 14.77, "volume": 1796307, "typical_volume": 2387559.85, "trend": 19.856333, "fair_value": 19.160769, "relative_strength": -27.140018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.435964, "energy": 54.707454, "activity_lines": [ 14.714667, 14.873091, 16.650857, 18.09286 ] }, { "date": "2024-10-11", "close": 15.12, "volume": 1541677, "typical_volume": 2359484.4, "trend": 19.597, "fair_value": 19.070897, "relative_strength": -26.242832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.966284, "energy": 47.045253, "activity_lines": [ 14.868667, 14.848182, 16.355333, 17.78729 ] }, { "date": "2024-10-18", "close": 15.29, "volume": 1381920, "typical_volume": 2341454.3, "trend": 19.33, "fair_value": 18.998974, "relative_strength": -25.502703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.644419, "energy": 41.763309, "activity_lines": [ 15.038667, 14.943636, 16.117095, 17.509419 ] }, { "date": "2024-10-25", "close": 14.79, "volume": 1265354, "typical_volume": 2294059.0, "trend": 19.032333, "fair_value": 18.910577, "relative_strength": -27.963312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.48995, "energy": 39.592585, "activity_lines": [ 14.994667, 14.925818, 15.862714, 17.216516 ] }, { "date": "2024-11-01", "close": 14.62, "volume": 1305950, "typical_volume": 2284603.05, "trend": 18.73, "fair_value": 18.832756, "relative_strength": -27.52857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.366314, "energy": 40.378438, "activity_lines": [ 14.876, 14.856, 15.622286, 16.931849 ] }, { "date": "2024-11-08", "close": 15.61, "volume": 1940725, "typical_volume": 2266554.2, "trend": 18.488333, "fair_value": 18.680256, "relative_strength": -26.318114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.570016, "energy": 40.757434, "activity_lines": [ 15.106667, 14.990364, 15.507571, 16.730559 ] }, { "date": "2024-11-15", "close": 14.88, "volume": 3223689, "typical_volume": 2255778.95, "trend": 18.264, "fair_value": 18.520833, "relative_strength": -26.884367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.507089, "energy": 38.008873, "activity_lines": [ 15.038, 14.991818, 15.343714, 16.497763 ] }, { "date": "2024-11-22", "close": 16.18, "volume": 3110580, "typical_volume": 2349484.05, "trend": 18.029667, "fair_value": 18.382949, "relative_strength": -21.569651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.200667, "energy": 26.650578, "activity_lines": [ 15.418667, 15.222909, 15.329524, 16.363312 ] }, { "date": "2024-11-29", "close": 15.95, "volume": 1085911, "typical_volume": 2303874.8, "trend": 17.780333, "fair_value": 18.254231, "relative_strength": -22.811789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.767821, "energy": 17.43876, "activity_lines": [ 15.663333, 15.383091, 15.310762, 16.22914 ] }, { "date": "2024-12-06", "close": 16.81, "volume": 1788525, "typical_volume": 2309317.7, "trend": 17.591, "fair_value": 18.114423, "relative_strength": -20.785637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.32719, "energy": 12.784729, "activity_lines": [ 16.117333, 15.673636, 15.394143, 16.166538 ] }, { "date": "2024-12-13", "close": 16.3, "volume": 1428085, "typical_volume": 2301830.8, "trend": 17.333667, "fair_value": 17.994295, "relative_strength": -23.317178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.551357, "energy": 18.82211, "activity_lines": [ 16.255333, 15.836909, 15.450238, 16.083247 ] }, { "date": "2024-12-20", "close": 15.44, "volume": 1780952, "typical_volume": 2329591.45, "trend": 17.056667, "fair_value": 17.870128, "relative_strength": -25.299101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.223487, "energy": 14.292091, "activity_lines": [ 16.060667, 15.816, 15.453476, 15.961075 ] }, { "date": "2024-12-27", "close": 15.1, "volume": 756521, "typical_volume": 2066068.8, "trend": 16.83, "fair_value": 17.748654, "relative_strength": -27.213258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.143977, "energy": 14.90358, "activity_lines": [ 15.715333, 15.727455, 15.446238, 15.834839 ] }, { "date": "2025-01-03", "close": 15.33, "volume": 978214, "typical_volume": 1844873.45, "trend": 16.637, "fair_value": 17.675192, "relative_strength": -25.243595, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.590088, "energy": 19.662439, "activity_lines": [ 15.518667, 15.684182, 15.455952, 15.738065 ] }, { "date": "2025-01-10", "close": 14.095, "volume": 1267436, "typical_volume": 1713558.85, "trend": 16.3995, "fair_value": 17.597596, "relative_strength": -29.415998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.211992, "energy": 35.792982, "activity_lines": [ 14.951667, 15.406545, 15.339952, 15.574065 ] }, { "date": "2025-01-17", "close": 14.52, "volume": 1482131, "typical_volume": 1669254.5, "trend": 16.2205, "fair_value": 17.542404, "relative_strength": -29.047489, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.470205, "energy": 41.504231, "activity_lines": [ 14.707333, 15.215727, 15.273262, 15.452806 ] }, { "date": "2025-01-24", "close": 14.97, "volume": 1213012, "typical_volume": 1642253.55, "trend": 16.0425, "fair_value": 17.497147, "relative_strength": -27.645991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.365292, "energy": 41.658394, "activity_lines": [ 14.731667, 15.126545, 15.254571, 15.372129 ] }, { "date": "2025-01-31", "close": 15.12, "volume": 1445245, "typical_volume": 1627090.6, "trend": 15.885833, "fair_value": 17.425673, "relative_strength": -25.647364, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.644258, "energy": 36.4606, "activity_lines": [ 14.837333, 15.063, 15.247976, 15.312613 ] }, { "date": "2025-02-07", "close": 16.43, "volume": 1394200, "typical_volume": 1581935.9, "trend": 15.760167, "fair_value": 17.340288, "relative_strength": -19.101467, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.096162, "energy": 2.657707, "activity_lines": [ 15.378333, 15.256909, 15.363571, 15.34772 ] }, { "date": "2025-02-14", "close": 15.7, "volume": 2091392, "typical_volume": 1613891.3, "trend": 15.574167, "fair_value": 17.264263, "relative_strength": -24.472758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.841174, "energy": 9.927576, "activity_lines": [ 15.602667, 15.309364, 15.400548, 15.343839 ] }, { "date": "2025-02-21", "close": 14.52, "volume": 1447809, "typical_volume": 1596466.4, "trend": 15.3115, "fair_value": 17.170545, "relative_strength": -28.186421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.021873, "energy": 8.706464, "activity_lines": [ 15.326667, 15.167455, 15.321381, 15.275828 ] }, { "date": "2025-02-28", "close": 10.63, "volume": 3727417, "typical_volume": 1705753.4, "trend": 14.997833, "fair_value": 17.099519, "relative_strength": -44.83734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.519638, "energy": 61.450928, "activity_lines": [ 13.754, 14.350636, 14.872929, 14.973796 ] }, { "date": "2025-03-07", "close": 9.77, "volume": 4937628, "typical_volume": 1883538.8, "trend": 14.854833, "fair_value": 17.035545, "relative_strength": -46.866012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.262607, "energy": 86.489586, "activity_lines": [ 12.184, 13.464909, 14.363952, 14.636516 ] }, { "date": "2025-03-14", "close": 9.48, "volume": 3248985, "typical_volume": 1982720.35, "trend": 14.7165, "fair_value": 16.944455, "relative_strength": -46.217545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.960141, "energy": 93.198508, "activity_lines": [ 10.874, 12.623364, 13.853643, 14.289753 ] }, { "date": "2025-03-21", "close": 9.75, "volume": 3294863, "typical_volume": 2082166.0, "trend": 14.509833, "fair_value": 16.839327, "relative_strength": -43.87693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.161291, "energy": 90.271848, "activity_lines": [ 10.117333, 11.937273, 13.394333, 13.969333 ] }, { "date": "2025-03-28", "close": 9.28, "volume": 2598004, "typical_volume": 2115029.95, "trend": 14.299167, "fair_value": 16.729071, "relative_strength": -44.301314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.735392, "energy": 90.509376, "activity_lines": [ 9.600667, 11.244727, 12.913452, 13.631925 ] }, { "date": "2025-04-04", "close": 8.25, "volume": 3068649, "typical_volume": 2107277.95, "trend": 14.0905, "fair_value": 16.623878, "relative_strength": -44.01454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.72036, "energy": 92.03469, "activity_lines": [ 9.09, 10.460182, 12.364619, 13.241656 ] }, { "date": "2025-04-11", "close": 8.48, "volume": 3152259, "typical_volume": 2109361.9, "trend": 13.887167, "fair_value": 16.521635, "relative_strength": -45.454719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.253571, "energy": 82.603364, "activity_lines": [ 8.814667, 9.839636, 11.869262, 12.879688 ] }, { "date": "2025-04-18", "close": 9.13, "volume": 2729464, "typical_volume": 2191539.55, "trend": 13.7075, "fair_value": 16.433622, "relative_strength": -38.815559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.051763, "energy": 65.56626, "activity_lines": [ 8.842, 9.458, 11.472476, 12.572774 ] }, { "date": "2025-04-25", "close": 9.96, "volume": 2755645, "typical_volume": 2239895.55, "trend": 13.5425, "fair_value": 16.352788, "relative_strength": -36.061834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.13896, "energy": 59.418218, "activity_lines": [ 9.169333, 9.36, 11.187214, 12.331 ] }, { "date": "2025-05-02", "close": 9.8, "volume": 2340139, "typical_volume": 2285498.25, "trend": 13.376833, "fair_value": 16.276955, "relative_strength": -37.949113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.332436, "energy": 48.685879, "activity_lines": [ 9.429333, 9.337273, 10.919333, 12.089548 ] }, { "date": "2025-05-09", "close": 11.09, "volume": 4518054, "typical_volume": 2422353.35, "trend": 13.2425, "fair_value": 16.205224, "relative_strength": -28.445402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.708713, "energy": 32.805278, "activity_lines": [ 10.084667, 9.634909, 10.805262, 11.942011 ] }, { "date": "2025-05-16", "close": 11.42, "volume": 3377744, "typical_volume": 2553414.5, "trend": 13.1135, "fair_value": 16.135288, "relative_strength": -29.710393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.846989, "energy": 27.981748, "activity_lines": [ 10.660667, 9.984182, 10.743333, 11.82443 ] }, { "date": "2025-05-23", "close": 11.29, "volume": 2649999, "typical_volume": 2637003.75, "trend": 12.996833, "fair_value": 16.073814, "relative_strength": -27.493205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.553772, "energy": 27.46143, "activity_lines": [ 10.997333, 10.279818, 10.686548, 11.706785 ] }, { "date": "2025-05-30", "close": 11.7, "volume": 2446361, "typical_volume": 2695950.0, "trend": 12.8995, "fair_value": 16.021314, "relative_strength": -25.046759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.094051, "energy": 28.719329, "activity_lines": [ 11.326667, 10.617091, 10.688048, 11.623118 ] }, { "date": "2025-06-06", "close": 12.06, "volume": 3117775, "typical_volume": 2777732.2, "trend": 12.781167, "fair_value": 15.979455, "relative_strength": -23.179776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.59624, "energy": 22.558284, "activity_lines": [ 11.66, 10.984364, 10.735238, 11.568957 ] }, { "date": "2025-06-13", "close": 10.71, "volume": 2271083, "typical_volume": 2830635.75, "trend": 12.642167, "fair_value": 15.929006, "relative_strength": -30.299653, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.773739, "energy": 16.9999, "activity_lines": [ 11.392667, 11.055636, 10.665571, 11.435333 ] }, { "date": "2025-06-20", "close": 11.02, "volume": 2863560, "typical_volume": 2901551.5, "trend": 12.470167, "fair_value": 15.884519, "relative_strength": -27.268883, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.146007, "energy": 12.957138, "activity_lines": [ 11.254, 11.138545, 10.645714, 11.330677 ] }, { "date": "2025-06-27", "close": 11.66, "volume": 3225981, "typical_volume": 2993140.55, "trend": 12.327167, "fair_value": 15.858301, "relative_strength": -25.043037, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.661022, "energy": 7.931288, "activity_lines": [ 11.355333, 11.291636, 10.706333, 11.278409 ] }, { "date": "2025-07-04", "close": 12.82, "volume": 1782666, "typical_volume": 2977704.25, "trend": 12.194167, "fair_value": 15.830673, "relative_strength": -17.837346, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.143145, "energy": 17.255566, "activity_lines": [ 11.818667, 11.609636, 10.900143, 11.310204 ] }, { "date": "2025-07-11", "close": 12.99, "volume": 2980692, "typical_volume": 3054348.4, "trend": 12.083833, "fair_value": 15.814327, "relative_strength": -15.423259, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.188786, "energy": 47.291597, "activity_lines": [ 12.264, 11.906545, 11.123857, 11.361548 ] }, { "date": "2025-07-18", "close": 12.49, "volume": 2436478, "typical_volume": 2989801.45, "trend": 11.9855, "fair_value": 15.793622, "relative_strength": -18.412314, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.210523, "energy": 48.951279, "activity_lines": [ 12.480667, 12.054545, 11.307238, 11.387753 ] }, { "date": "2025-07-25", "close": 12.72, "volume": 2047503, "typical_volume": 2845295.2, "trend": 11.906167, "fair_value": 15.768814, "relative_strength": -16.110251, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.188239, "energy": 57.762087, "activity_lines": [ 12.655333, 12.218909, 11.503667, 11.43514 ] }, { "date": "2025-08-01", "close": 11.12, "volume": 3189583, "typical_volume": 2842325.1, "trend": 11.765833, "fair_value": 15.728365, "relative_strength": -23.646829, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.216543, "energy": 23.204183, "activity_lines": [ 12.183333, 12.068727, 11.533667, 11.384419 ] }, { "date": "2025-08-08", "close": 10.93, "volume": 2675936, "typical_volume": 2811378.75, "trend": 11.660333, "fair_value": 15.64875, "relative_strength": -26.991041, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -1.260925, "energy": 6.554235, "activity_lines": [ 11.684, 11.887091, 11.537762, 11.330495 ] }, { "date": "2025-08-15", "close": 8.37, "volume": 8612514, "typical_volume": 3112104.25, "trend": 11.455333, "fair_value": 15.56766, "relative_strength": -43.765413, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.930957, "energy": 43.865081, "activity_lines": [ 10.457333, 11.254, 11.292429, 11.118215 ] }, { "date": "2025-08-22", "close": 9.07, "volume": 4604907, "typical_volume": 3188917.15, "trend": 11.258667, "fair_value": 15.496635, "relative_strength": -37.674022, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.141054, "energy": 50.430262, "activity_lines": [ 9.772, 10.815273, 11.118095, 10.964323 ] }, { "date": "2025-08-29", "close": 8.67, "volume": 2437094, "typical_volume": 3153158.9, "trend": 11.043667, "fair_value": 15.43125, "relative_strength": -39.446885, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.012886, "energy": 72.917882, "activity_lines": [ 9.181333, 10.333636, 10.901762, 10.797312 ] }, { "date": "2025-09-05", "close": 8.37, "volume": 1630295, "typical_volume": 3098200.45, "trend": 10.775, "fair_value": 15.362853, "relative_strength": -41.307629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.279643, "energy": 77.819454, "activity_lines": [ 8.760667, 9.840182, 10.655952, 10.624817 ] }, { "date": "2025-09-12", "close": 8.22, "volume": 2954364, "typical_volume": 3108136.4, "trend": 10.525667, "fair_value": 15.306571, "relative_strength": -42.651054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.319463, "energy": 80.859734, "activity_lines": [ 8.473333, 9.379273, 10.399476, 10.459978 ] }, { "date": "2025-09-19", "close": 8.63, "volume": 3457656, "typical_volume": 3164012.25, "trend": 10.329333, "fair_value": 15.257724, "relative_strength": -40.320092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -38.198734, "energy": 62.583986, "activity_lines": [ 8.503333, 9.076545, 10.190333, 10.337677 ] }, { "date": "2025-09-26", "close": 8.39, "volume": 2230725, "typical_volume": 3049645.8, "trend": 10.254667, "fair_value": 15.204904, "relative_strength": -40.931735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.274424, "energy": 60.957676, "activity_lines": [ 8.436, 8.809455, 9.963905, 10.212559 ] }, { "date": "2025-10-03", "close": 8.44, "volume": 2477756, "typical_volume": 3004646.4, "trend": 10.210333, "fair_value": 15.142147, "relative_strength": -40.498883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.061901, "energy": 50.937822, "activity_lines": [ 8.430667, 8.626, 9.755095, 10.095484 ] }, { "date": "2025-10-10", "close": 7.99, "volume": 4814067, "typical_volume": 3112849.8, "trend": 10.160667, "fair_value": 15.086442, "relative_strength": -41.539188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.628722, "energy": 51.414816, "activity_lines": [ 8.290667, 8.438545, 9.517619, 9.952237 ] }, { "date": "2025-10-17", "close": 7.95, "volume": 2905552, "typical_volume": 3135809.35, "trend": 10.100667, "fair_value": 15.022724, "relative_strength": -42.364863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.409477, "energy": 54.063026, "activity_lines": [ 8.162667, 8.300727, 9.292048, 9.809613 ] }, { "date": "2025-10-24", "close": 8.75, "volume": 2581310, "typical_volume": 3108986.1, "trend": 10.083, "fair_value": 14.967917, "relative_strength": -37.079777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.767112, "energy": 43.404444, "activity_lines": [ 8.319333, 8.362545, 9.160524, 9.722473 ] }, { "date": "2025-10-31", "close": 8.36, "volume": 2478362, "typical_volume": 3119350.05, "trend": 10.086667, "fair_value": 14.916891, "relative_strength": -40.167022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.121223, "energy": 42.126386, "activity_lines": [ 8.338, 8.346545, 9.007619, 9.611312 ] }, { "date": "2025-11-07", "close": 7.4, "volume": 3916824, "typical_volume": 3172013.25, "trend": 10.050667, "fair_value": 14.860609, "relative_strength": -44.474835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.675467, "energy": 49.18828, "activity_lines": [ 8.038667, 8.168909, 8.774476, 9.437978 ] }, { "date": "2025-11-14", "close": 9.43, "volume": 12770347, "typical_volume": 3649231.55, "trend": 10.060667, "fair_value": 14.824519, "relative_strength": -28.216207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.39962, "energy": 27.234799, "activity_lines": [ 8.485333, 8.383455, 8.751905, 9.397935 ] }, { "date": "2025-11-21", "close": 8.82, "volume": 3650238, "typical_volume": 3742610.15, "trend": 10.022667, "fair_value": 14.782019, "relative_strength": -29.642287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.544949, "energy": 24.425773, "activity_lines": [ 8.632667, 8.467818, 8.681857, 9.317892 ] }, { "date": "2025-11-28", "close": 9.01, "volume": 2889488, "typical_volume": 3738049.95, "trend": 9.996333, "fair_value": 14.738237, "relative_strength": -30.448982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.01564, "energy": 17.71405, "activity_lines": [ 8.785333, 8.575818, 8.648952, 9.252559 ] }, { "date": "2025-12-05", "close": 9.18, "volume": 2643403, "typical_volume": 3748396.2, "trend": 9.932667, "fair_value": 14.711122, "relative_strength": -28.700597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.523061, "energy": 18.777965, "activity_lines": [ 8.977333, 8.707818, 8.65119, 9.199892 ] }, { "date": "2025-12-12", "close": 9.05, "volume": 3165983, "typical_volume": 3804320.2, "trend": 9.853667, "fair_value": 14.685994, "relative_strength": -27.2549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.919251, "energy": 14.610067, "activity_lines": [ 9.071333, 8.801818, 8.65681, 9.142946 ] }, { "date": "2025-12-19", "close": 8.83, "volume": 3119902, "typical_volume": 3800836.15, "trend": 9.771667, "fair_value": 14.661731, "relative_strength": -28.356514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.111928, "energy": 12.284924, "activity_lines": [ 8.982, 8.844727, 8.658952, 9.076903 ] }, { "date": "2025-12-26", "close": 8.98, "volume": 1226027, "typical_volume": 3728340.7, "trend": 9.681, "fair_value": 14.637179, "relative_strength": -27.002432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.102338, "energy": 11.109363, "activity_lines": [ 8.982667, 8.899636, 8.686286, 9.025828 ] }, { "date": "2026-01-02", "close": 8.59, "volume": 1669203, "typical_volume": 3381175.15, "trend": 9.565333, "fair_value": 14.607628, "relative_strength": -27.841261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.81994, "energy": 14.724554, "activity_lines": [ 8.842667, 8.864909, 8.685762, 8.955441 ] }, { "date": "2026-01-09", "close": 8.37, "volume": 2244450, "typical_volume": 3263152.3, "trend": 9.487333, "fair_value": 14.570321, "relative_strength": -30.199914, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.577833, "energy": 21.802264, "activity_lines": [ 8.657333, 8.793091, 8.663238, 8.878323 ] }, { "date": "2026-01-16", "close": 7.61, "volume": 3004572, "typical_volume": 3291526.2, "trend": 9.373667, "fair_value": 14.526795, "relative_strength": -34.959675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.304421, "energy": 37.10071, "activity_lines": [ 8.272667, 8.582909, 8.571667, 8.757204 ] }, { "date": "2026-01-23", "close": 7.73, "volume": 2073149, "typical_volume": 3313668.9, "trend": 9.242667, "fair_value": 14.479038, "relative_strength": -32.994709, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.172714, "energy": 53.618383, "activity_lines": [ 8.024, 8.390727, 8.496571, 8.651161 ] }, { "date": "2026-01-30", "close": 7.26, "volume": 2527007, "typical_volume": 3292301.05, "trend": 9.057333, "fair_value": 14.421282, "relative_strength": -35.822225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.605239, "energy": 67.305198, "activity_lines": [ 7.692, 8.144, 8.379762, 8.523247 ] }, { "date": "2026-02-06", "close": 6.49, "volume": 4544405, "typical_volume": 3346638.5, "trend": 8.840667, "fair_value": 14.36641, "relative_strength": -40.154712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.700931, "energy": 79.155084, "activity_lines": [ 7.218, 7.785636, 8.19419, 8.357613 ] }, { "date": "2026-02-13", "close": 6.54, "volume": 3556808, "typical_volume": 3412942.65, "trend": 8.642333, "fair_value": 14.299487, "relative_strength": -37.675714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.999854, "energy": 87.362548, "activity_lines": [ 6.900667, 7.482182, 8.023571, 8.209183 ] }, { "date": "2026-02-20", "close": 6.57, "volume": 2221748, "typical_volume": 3400142.25, "trend": 8.437333, "fair_value": 14.244295, "relative_strength": -36.919127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.85711, "energy": 87.072888, "activity_lines": [ 6.715333, 7.232182, 7.864619, 8.075484 ] }, { "date": "2026-02-27", "close": 8.1, "volume": 5796638, "typical_volume": 3449270.8, "trend": 8.336667, "fair_value": 14.20891, "relative_strength": -21.354993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.49056, "energy": 61.63245, "activity_lines": [ 7.109333, 7.305455, 7.860286, 8.05372 ] }, { "date": "2026-03-06", "close": 8.91, "volume": 6276102, "typical_volume": 3617798.3, "trend": 8.269333, "fair_value": 14.183013, "relative_strength": -11.892419, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.205892, "energy": 14.316326, "activity_lines": [ 7.748667, 7.539273, 7.932571, 8.09071 ] }, { "date": "2026-03-13", "close": 8.03, "volume": 3601004, "typical_volume": 3668783.0, "trend": 8.258, "fair_value": 14.150385, "relative_strength": -19.203872, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.380544, "energy": 22.794201, "activity_lines": [ 7.984667, 7.614364, 7.916476, 8.075269 ] }, { "date": "2026-03-20", "close": 7.985, "volume": 2738906, "typical_volume": 3681810.2, "trend": 8.221833, "fair_value": 14.114199, "relative_strength": -17.415304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.803822, "energy": 26.193715, "activity_lines": [ 8.103, 7.691455, 7.899524, 8.057656 ] }, { "date": "2026-03-27", "close": 8.19, "volume": 4239124, "typical_volume": 3697925.2, "trend": 8.205833, "fair_value": 14.078109, "relative_strength": -11.928779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.122032, "energy": 23.107237, "activity_lines": [ 8.193333, 7.812818, 7.903881, 8.055602 ] }, { "date": "2026-04-03", "close": 8.27, "volume": 2619995, "typical_volume": 3190407.6, "trend": 8.2025, "fair_value": 14.042147, "relative_strength": -13.925566, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.159378, "energy": 12.173889, "activity_lines": [ 8.202333, 7.938182, 7.912095, 8.059742 ] }, { "date": "2026-04-10", "close": 8.47, "volume": 3045958, "typical_volume": 3160193.6, "trend": 8.210833, "fair_value": 14.005096, "relative_strength": -15.121798, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.052382, "energy": 15.43078, "activity_lines": [ 8.266667, 8.090091, 7.944881, 8.077 ] }, { "date": "2026-04-17", "close": 9.81, "volume": 3308997, "typical_volume": 3181169.05, "trend": 8.250167, "fair_value": 13.977724, "relative_strength": -6.809845, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.012872, "energy": 45.006023, "activity_lines": [ 8.807, 8.463636, 8.106952, 8.180172 ] }, { "date": "2026-04-24", "close": 9.62, "volume": 2717467, "typical_volume": 3184872.25, "trend": 8.291167, "fair_value": 13.951827, "relative_strength": -9.872511, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.51088, "energy": 53.284682, "activity_lines": [ 9.165333, 8.742273, 8.247119, 8.268548 ] }, { "date": "2026-05-01", "close": 10.23, "volume": 3083262, "typical_volume": 3180736.2, "trend": 8.350833, "fair_value": 13.939519, "relative_strength": -5.055801, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.888529, "energy": 77.206468, "activity_lines": [ 9.618, 9.075818, 8.443286, 8.393634 ] }, { "date": "2026-05-08", "close": 10.74, "volume": 4080156, "typical_volume": 3228748.9, "trend": 8.4425, "fair_value": 13.910545, "relative_strength": -4.63449, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.986335, "energy": 84.780063, "activity_lines": [ 10.104667, 9.435545, 8.682405, 8.547774 ] }, { "date": "2026-05-15", "close": 9.72, "volume": 4796347, "typical_volume": 3407264.9, "trend": 8.5015, "fair_value": 13.868622, "relative_strength": -12.533241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.355638, "energy": 72.215129, "activity_lines": [ 10.086667, 9.561818, 8.815286, 8.630194 ] }, { "date": "2026-05-22", "close": 10.36, "volume": 3006294, "typical_volume": 3474119.45, "trend": 8.555167, "fair_value": 13.825417, "relative_strength": -7.00125, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.69522, "energy": 69.07512, "activity_lines": [ 10.198667, 9.789727, 9.005595, 8.750097 ] }, { "date": "2026-05-29", "close": 11.68, "volume": 3461028, "typical_volume": 3534948.35, "trend": 8.665833, "fair_value": 13.783814, "relative_strength": 2.764282, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.92264, "energy": 81.056074, "activity_lines": [ 10.714, 10.215273, 9.31319, 8.951699 ] }, { "date": "2026-06-05", "close": 11.54, "volume": 3916507, "typical_volume": 3580545.1, "trend": 8.803833, "fair_value": 13.737212, "relative_strength": 7.187681, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.853279, "energy": 74.533848, "activity_lines": [ 11.045333, 10.548182, 9.59169, 9.137129 ] }, { "date": "2026-06-12", "close": 11.35, "volume": 2388869, "typical_volume": 3596331.1, "trend": 8.867833, "fair_value": 13.68766, "relative_strength": 3.652508, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.153735, "energy": 78.491366, "activity_lines": [ 11.226, 10.785636, 9.833381, 9.301398 ] }, { "date": "2026-06-19", "close": 11.3, "volume": 1964046, "typical_volume": 3568183.05, "trend": 8.9505, "fair_value": 13.641955, "relative_strength": 1.245351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.76956, "energy": 76.671469, "activity_lines": [ 11.349333, 10.958, 10.053071, 9.458312 ] }, { "date": "2026-06-26", "close": 12.65, "volume": 3647808, "typical_volume": 3523353.2, "trend": 9.071833, "fair_value": 13.605865, "relative_strength": 19.20445, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.506563, "energy": 75.966103, "activity_lines": [ 11.817333, 11.324364, 10.382095, 9.696989 ] }, { "date": "2026-07-03", "close": 13.55, "volume": 2729055, "typical_volume": 3481965.55, "trend": 9.2175, "fair_value": 13.582212, "relative_strength": 27.267056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.960849, "energy": 79.161401, "activity_lines": [ 12.432667, 11.802727, 10.7675, 9.985903 ] }, { "date": "2026-07-10", "close": 13.55, "volume": 1959775, "typical_volume": 3468866.9, "trend": 9.3675, "fair_value": 13.545994, "relative_strength": 25.787499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.997094, "energy": 81.838399, "activity_lines": [ 12.923333, 12.209636, 11.119524, 10.265419 ] }, { "date": "2026-07-17", "close": 12.73, "volume": 2341226, "typical_volume": 3296096.3, "trend": 9.4975, "fair_value": 13.508429, "relative_strength": 23.951138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.458739, "energy": 74.277454, "activity_lines": [ 13.006667, 12.407091, 11.360214, 10.482355 ] }, { "date": "2026-07-24", "close": 12.52, "volume": 2320068, "typical_volume": 3098294.6, "trend": 9.6155, "fair_value": 13.46375, "relative_strength": 24.572311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.054577, "energy": 59.47325, "activity_lines": [ 12.928, 12.530182, 11.558857, 10.677355 ] }, { "date": "2026-07-31", "close": 12.6, "volume": 1614226, "typical_volume": 2998955.7, "trend": 9.749167, "fair_value": 13.419647, "relative_strength": 24.98362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.670366, "energy": 52.185186, "activity_lines": [ 12.794667, 12.616909, 11.747929, 10.869903 ] }, { "date": "2026-08-07", "close": 17.78, "volume": 5570954, "typical_volume": 3140558.1, "trend": 10.062833, "fair_value": 13.448365, "relative_strength": 66.616551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.962955, "energy": 68.669689, "activity_lines": [ 14.391333, 13.604727, 12.408571, 11.388022 ] } ], "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." } } }