{ "ticker": { "uuid": "cf0d91fd-96d6-4a44-86a9-8b68bf2d091d", "symbol": "TRC", "name": "Tejon Ranch Co", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.482, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -52.259, "architecture_energy": 71.31, "architecture_maturity": 11.107, "architecture_confidence": 76.577, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 13.63, "rotation_up": 16.4, "upward_expansion": 23.57, "deceleration": 43.09, "rotation_down": 75.86, "downward_expansion": 65.24 }, "activity_lines": [ 17.246667, 17.823455, 18.455333, 18.530925 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 16.69, "trend_reference": 18.317333, "distance_from_trend": -0.088841, "trend_direction": "Improving", "fair_value": 16.89359, "distance_from_fair_value": -0.012051, "fair_value_direction": "Weakening", "relative_strength": -14.713211, "relative_strength_direction": "Weakening", "price_momentum": 0.004816, "excess_performance": -0.120809, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.088841, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.041448, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.012051, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.211735, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.147132, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.191201, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.004816, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.45434, "read": "Supply-led" } ], "volume": { "latest": 758763, "relative_activity": 1.604287, "balance": 0.45434, "dry_up": 1.184055, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.053648, "annualized_volatility": 0.180395, "from_high_reference": -0.2168, "from_low_reference": 0.090137 }, "levels": { "trend_reference": 18.317333, "fair_value_reference": 16.89359, "structural_low": 16.325, "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": 5, "median_return": -0.007528, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.035972, "regime_survival": 0.2, "best_return": 0.037559, "worst_return": -0.054908, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.025151, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.063803, "regime_survival": 0.0, "best_return": 0.081512, "worst_return": -0.054354, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.025532, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.077488, "regime_survival": 0.0, "best_return": 0.185917, "worst_return": -0.131448, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.013802, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.169968, "regime_survival": 0.333333, "best_return": 0.171884, "worst_return": -0.156961, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": 0.055834, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-02-07", "tenure": "Established", "return": 0.015586, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-05-02", "tenure": "Developing", "return": 0.075436, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-06-06", "tenure": "Developing", "return": -0.023058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.124533, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": -0.056787, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-09-26", "tenure": "Developing", "return": -0.080046, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.001853, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-01-16", "tenure": "Developing", "return": 0.057522, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": 0.033742, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": 0.039443, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-05-29", "tenure": "Developing", "return": 0.028191, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-07-24", "tenure": "Developing", "return": -0.0842, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.014176, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.7, "volume": 109451, "typical_volume": 176881.1, "trend": 17.937, "fair_value": 16.996026, "relative_strength": -13.153919, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.387283, "energy": 18.63885, "activity_lines": [ 17.300667, 17.284, 17.324524, 17.500344 ] }, { "date": "2023-08-25", "close": 16.52, "volume": 118699, "typical_volume": 175150.5, "trend": 17.826333, "fair_value": 17.009423, "relative_strength": -14.647182, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.796086, "energy": 34.518822, "activity_lines": [ 17.013333, 17.142182, 17.243, 17.408925 ] }, { "date": "2023-09-01", "close": 16.78, "volume": 128156, "typical_volume": 171552.7, "trend": 17.706333, "fair_value": 17.026474, "relative_strength": -15.282337, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.373738, "energy": 50.692383, "activity_lines": [ 16.860667, 17.072727, 17.192429, 17.341419 ] }, { "date": "2023-09-08", "close": 16.6, "volume": 146112, "typical_volume": 171281.4, "trend": 17.608, "fair_value": 17.045449, "relative_strength": -14.89188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.920132, "energy": 61.850147, "activity_lines": [ 16.705333, 16.974, 17.130667, 17.270043 ] }, { "date": "2023-09-15", "close": 17.37, "volume": 313312, "typical_volume": 181462.35, "trend": 17.520333, "fair_value": 17.063462, "relative_strength": -10.711059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.988675, "energy": 41.051637, "activity_lines": [ 16.888667, 17.026364, 17.146857, 17.254688 ] }, { "date": "2023-09-22", "close": 16.03, "volume": 166234, "typical_volume": 182250.85, "trend": 17.411, "fair_value": 17.077756, "relative_strength": -14.954225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.164597, "energy": 49.845128, "activity_lines": [ 16.634, 16.827636, 17.035, 17.158538 ] }, { "date": "2023-09-29", "close": 16.22, "volume": 186129, "typical_volume": 184352.3, "trend": 17.294667, "fair_value": 17.090833, "relative_strength": -13.239539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.220006, "energy": 47.386226, "activity_lines": [ 16.487333, 16.682, 16.945476, 17.081699 ] }, { "date": "2023-10-06", "close": 15.95, "volume": 203721, "typical_volume": 187512.3, "trend": 17.217667, "fair_value": 17.092115, "relative_strength": -14.962091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.450859, "energy": 53.993549, "activity_lines": [ 16.270667, 16.505818, 16.834143, 16.994946 ] }, { "date": "2023-10-13", "close": 15.66, "volume": 173194, "typical_volume": 187746.45, "trend": 17.149667, "fair_value": 17.098141, "relative_strength": -16.659765, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.087811, "energy": 73.596456, "activity_lines": [ 16.012667, 16.307636, 16.701333, 16.894452 ] }, { "date": "2023-10-20", "close": 15.49, "volume": 189594, "typical_volume": 189699.6, "trend": 17.080333, "fair_value": 17.101603, "relative_strength": -15.324297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.357232, "energy": 74.863187, "activity_lines": [ 15.760667, 16.118, 16.558524, 16.787376 ] }, { "date": "2023-10-27", "close": 15.35, "volume": 141150, "typical_volume": 183846.2, "trend": 16.983, "fair_value": 17.112115, "relative_strength": -13.694988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.262039, "energy": 78.502578, "activity_lines": [ 15.587333, 15.939455, 16.414238, 16.675742 ] }, { "date": "2023-11-03", "close": 16.33, "volume": 232563, "typical_volume": 182794.1, "trend": 16.933333, "fair_value": 17.129359, "relative_strength": -12.981715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.601516, "energy": 54.187593, "activity_lines": [ 15.786, 15.963636, 16.374381, 16.633613 ] }, { "date": "2023-11-10", "close": 15.79, "volume": 205193, "typical_volume": 182831.55, "trend": 16.858667, "fair_value": 17.136987, "relative_strength": -16.620261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.633282, "energy": 42.472221, "activity_lines": [ 15.797333, 15.893091, 16.290571, 16.559849 ] }, { "date": "2023-11-17", "close": 16.5, "volume": 218540, "typical_volume": 185814.4, "trend": 16.823, "fair_value": 17.149103, "relative_strength": -14.399374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.430597, "energy": 25.294897, "activity_lines": [ 16.056, 15.969636, 16.28, 16.53671 ] }, { "date": "2023-11-24", "close": 16.5, "volume": 70947, "typical_volume": 182742.0, "trend": 16.797, "fair_value": 17.160064, "relative_strength": -14.773255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.236135, "energy": 22.349674, "activity_lines": [ 16.258667, 16.048, 16.27281, 16.515871 ] }, { "date": "2023-12-01", "close": 16.43, "volume": 298995, "typical_volume": 187923.45, "trend": 16.780667, "fair_value": 17.171731, "relative_strength": -15.3204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.287761, "energy": 19.588305, "activity_lines": [ 16.370667, 16.129455, 16.261143, 16.492194 ] }, { "date": "2023-12-08", "close": 16.48, "volume": 267937, "typical_volume": 189387.6, "trend": 16.762, "fair_value": 17.182821, "relative_strength": -14.786257, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.05587, "energy": 19.237976, "activity_lines": [ 16.427333, 16.212727, 16.25719, 16.472796 ] }, { "date": "2023-12-15", "close": 16.78, "volume": 452361, "typical_volume": 199767.5, "trend": 16.746667, "fair_value": 17.199679, "relative_strength": -14.748934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.106854, "energy": 12.562596, "activity_lines": [ 16.574, 16.345818, 16.285429, 16.473957 ] }, { "date": "2023-12-22", "close": 17.25, "volume": 312755, "typical_volume": 205655.75, "trend": 16.756333, "fair_value": 17.212821, "relative_strength": -12.627663, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.043652, "energy": 25.869069, "activity_lines": [ 16.811333, 16.549273, 16.362524, 16.50643 ] }, { "date": "2023-12-29", "close": 17.2, "volume": 206186, "typical_volume": 207061.45, "trend": 16.730333, "fair_value": 17.230449, "relative_strength": -12.627639, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.250899, "energy": 38.563253, "activity_lines": [ 16.982, 16.714727, 16.437619, 16.535054 ] }, { "date": "2024-01-05", "close": 16.57, "volume": 197004, "typical_volume": 211439.1, "trend": 16.693333, "fair_value": 17.240513, "relative_strength": -13.877686, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.639783, "energy": 31.639378, "activity_lines": [ 16.896, 16.734545, 16.454143, 16.52471 ] }, { "date": "2024-01-12", "close": 16.29, "volume": 207307, "typical_volume": 215869.5, "trend": 16.639667, "fair_value": 17.245192, "relative_strength": -16.212284, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.149735, "energy": 11.648251, "activity_lines": [ 16.707333, 16.681273, 16.444619, 16.498688 ] }, { "date": "2024-01-19", "close": 16.1, "volume": 184161, "typical_volume": 218669.75, "trend": 16.610667, "fair_value": 17.243397, "relative_strength": -17.481281, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.54965, "energy": 16.895525, "activity_lines": [ 16.468, 16.594182, 16.418095, 16.463871 ] }, { "date": "2024-01-26", "close": 16.17, "volume": 184175, "typical_volume": 220572.9, "trend": 16.576, "fair_value": 17.244936, "relative_strength": -17.32143, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.939446, "energy": 24.609915, "activity_lines": [ 16.297333, 16.514182, 16.401476, 16.435441 ] }, { "date": "2024-02-02", "close": 15.93, "volume": 306165, "typical_volume": 220215.55, "trend": 16.541667, "fair_value": 17.236923, "relative_strength": -18.994914, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.613277, "energy": 31.352066, "activity_lines": [ 16.118667, 16.396545, 16.364048, 16.393763 ] }, { "date": "2024-02-09", "close": 16.2, "volume": 256360, "typical_volume": 224721.85, "trend": 16.513333, "fair_value": 17.231474, "relative_strength": -18.101568, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.920562, "energy": 31.976129, "activity_lines": [ 16.114667, 16.338364, 16.35919, 16.37172 ] }, { "date": "2024-02-16", "close": 16.72, "volume": 294854, "typical_volume": 230158.1, "trend": 16.496, "fair_value": 17.231667, "relative_strength": -14.504044, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.597637, "energy": 14.387553, "activity_lines": [ 16.308667, 16.378909, 16.403048, 16.385054 ] }, { "date": "2024-02-23", "close": 16.56, "volume": 159016, "typical_volume": 227922.85, "trend": 16.46, "fair_value": 17.233205, "relative_strength": -16.017545, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.366686, "energy": 6.127146, "activity_lines": [ 16.420667, 16.386, 16.429286, 16.389183 ] }, { "date": "2024-03-01", "close": 16.75, "volume": 227092, "typical_volume": 230617.75, "trend": 16.424, "fair_value": 17.233526, "relative_strength": -15.174223, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.778372, "energy": 12.144962, "activity_lines": [ 16.565333, 16.431636, 16.470714, 16.407892 ] }, { "date": "2024-03-08", "close": 16.65, "volume": 175473, "typical_volume": 229911.7, "trend": 16.395667, "fair_value": 17.227115, "relative_strength": -14.834971, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.670889, "energy": 24.108867, "activity_lines": [ 16.638, 16.468182, 16.497429, 16.422473 ] }, { "date": "2024-03-15", "close": 15.63, "volume": 391868, "typical_volume": 242447.6, "trend": 16.36, "fair_value": 17.217821, "relative_strength": -19.383617, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.741227, "energy": 8.358158, "activity_lines": [ 16.322667, 16.329273, 16.421476, 16.373075 ] }, { "date": "2024-03-22", "close": 15.34, "volume": 343834, "typical_volume": 248011.15, "trend": 16.320667, "fair_value": 17.211026, "relative_strength": -21.991015, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.693958, "energy": 47.113896, "activity_lines": [ 15.948667, 16.154727, 16.316571, 16.307269 ] }, { "date": "2024-03-29", "close": 15.41, "volume": 228432, "typical_volume": 249173.1, "trend": 16.275, "fair_value": 17.202051, "relative_strength": -21.279048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.033148, "energy": 60.471509, "activity_lines": [ 15.69, 16.010182, 16.223048, 16.248516 ] }, { "date": "2024-04-05", "close": 15.12, "volume": 308550, "typical_volume": 253673.6, "trend": 16.225667, "fair_value": 17.195897, "relative_strength": -21.463077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.653307, "energy": 72.63733, "activity_lines": [ 15.411333, 15.825455, 16.103714, 16.174 ] }, { "date": "2024-04-12", "close": 15.2, "volume": 279819, "typical_volume": 264117.2, "trend": 16.153333, "fair_value": 17.192244, "relative_strength": -19.26581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.201572, "energy": 72.266909, "activity_lines": [ 15.268, 15.674364, 15.998571, 16.107828 ] }, { "date": "2024-04-19", "close": 16.28, "volume": 451052, "typical_volume": 271720.05, "trend": 16.161667, "fair_value": 17.198654, "relative_strength": -10.304226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.115907, "energy": 42.983494, "activity_lines": [ 15.581333, 15.732909, 16.002476, 16.116 ] }, { "date": "2024-04-26", "close": 17.07, "volume": 328122, "typical_volume": 274729.3, "trend": 16.19, "fair_value": 17.206667, "relative_strength": -7.962091, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.67527, "energy": 7.363419, "activity_lines": [ 16.114667, 15.933636, 16.082333, 16.174602 ] }, { "date": "2024-05-03", "close": 16.68, "volume": 307284, "typical_volume": 267475.45, "trend": 16.214333, "fair_value": 17.212821, "relative_strength": -10.17279, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.140206, "energy": 17.250462, "activity_lines": [ 16.402667, 16.057091, 16.122238, 16.206215 ] }, { "date": "2024-05-10", "close": 16.26, "volume": 352294, "typical_volume": 269452.4, "trend": 16.234333, "fair_value": 17.215833, "relative_strength": -13.5465, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.790595, "energy": 18.91517, "activity_lines": [ 16.466, 16.102, 16.122619, 16.209161 ] }, { "date": "2024-05-17", "close": 17.98, "volume": 560282, "typical_volume": 287157.2, "trend": 16.317333, "fair_value": 17.233718, "relative_strength": -5.562551, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 49.154418, "energy": 45.065658, "activity_lines": [ 17.026667, 16.468545, 16.291524, 16.321785 ] }, { "date": "2024-05-24", "close": 18.46, "volume": 601147, "typical_volume": 307364.35, "trend": 16.421, "fair_value": 17.256154, "relative_strength": -2.72224, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 81.300112, "energy": 76.097763, "activity_lines": [ 17.562, 16.898182, 16.502429, 16.460022 ] }, { "date": "2024-05-31", "close": 18.23, "volume": 1583667, "typical_volume": 376182.35, "trend": 16.484333, "fair_value": 17.274615, "relative_strength": -3.138236, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.993971, "energy": 75.220762, "activity_lines": [ 17.875333, 17.234545, 16.682429, 16.576731 ] }, { "date": "2024-06-07", "close": 16.85, "volume": 393455, "typical_volume": 386647.05, "trend": 16.519667, "fair_value": 17.284872, "relative_strength": -11.096572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.628646, "energy": 64.913662, "activity_lines": [ 17.651333, 17.267455, 16.721762, 16.600323 ] }, { "date": "2024-06-14", "close": 16.61, "volume": 297853, "typical_volume": 392330.95, "trend": 16.523333, "fair_value": 17.293782, "relative_strength": -13.282211, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.685599, "energy": 37.237659, "activity_lines": [ 17.336, 17.230545, 16.734667, 16.606151 ] }, { "date": "2024-06-21", "close": 16.6, "volume": 274223, "typical_volume": 390733.85, "trend": 16.526667, "fair_value": 17.299679, "relative_strength": -13.453681, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.231424, "energy": 18.082113, "activity_lines": [ 16.994, 17.164727, 16.744524, 16.611097 ] }, { "date": "2024-06-28", "close": 17.06, "volume": 517831, "typical_volume": 403807.4, "trend": 16.547667, "fair_value": 17.312308, "relative_strength": -10.616527, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.404478, "energy": 21.011153, "activity_lines": [ 16.897333, 17.157091, 16.795, 16.645505 ] }, { "date": "2024-07-05", "close": 16.86, "volume": 158594, "typical_volume": 396994.4, "trend": 16.560333, "fair_value": 17.323077, "relative_strength": -12.902785, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.868974, "energy": 19.13346, "activity_lines": [ 16.827333, 17.098909, 16.822333, 16.665656 ] }, { "date": "2024-07-12", "close": 17.88, "volume": 282901, "typical_volume": 403188.65, "trend": 16.597, "fair_value": 17.337949, "relative_strength": -8.184422, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.163764, "energy": 21.290695, "activity_lines": [ 17.188667, 17.23, 16.946143, 16.750796 ] }, { "date": "2024-07-19", "close": 18.76, "volume": 576074, "typical_volume": 420637.75, "trend": 16.647333, "fair_value": 17.35391, "relative_strength": -1.490662, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.955804, "energy": 51.078087, "activity_lines": [ 17.774667, 17.499273, 17.147476, 16.890344 ] }, { "date": "2024-07-26", "close": 19.29, "volume": 411138, "typical_volume": 432421.0, "trend": 16.717, "fair_value": 17.360705, "relative_strength": 2.349889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.268869, "energy": 71.319798, "activity_lines": [ 18.394, 17.819455, 17.389714, 17.060839 ] }, { "date": "2024-08-02", "close": 17.7, "volume": 382175, "typical_volume": 431936.35, "trend": 16.754667, "fair_value": 17.355064, "relative_strength": -3.664615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.471641, "energy": 62.091361, "activity_lines": [ 18.304, 17.826727, 17.467952, 17.124258 ] }, { "date": "2024-08-09", "close": 16.92, "volume": 322854, "typical_volume": 430887.35, "trend": 16.775667, "fair_value": 17.341667, "relative_strength": -7.508857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.139777, "energy": 43.007202, "activity_lines": [ 17.911333, 17.706, 17.462048, 17.134925 ] }, { "date": "2024-08-16", "close": 17.24, "volume": 195123, "typical_volume": 429221.9, "trend": 16.813667, "fair_value": 17.327372, "relative_strength": -8.991922, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.822631, "energy": 21.222382, "activity_lines": [ 17.621333, 17.667273, 17.479095, 17.164882 ] }, { "date": "2024-08-23", "close": 18.17, "volume": 217502, "typical_volume": 424669.5, "trend": 16.880333, "fair_value": 17.321154, "relative_strength": -5.109727, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.690651, "energy": 21.374844, "activity_lines": [ 17.684, 17.790545, 17.576, 17.252387 ] }, { "date": "2024-08-30", "close": 17.89, "volume": 390644, "typical_volume": 430210.75, "trend": 16.945667, "fair_value": 17.312179, "relative_strength": -6.51351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.742428, "energy": 18.107795, "activity_lines": [ 17.692667, 17.834545, 17.631714, 17.317527 ] }, { "date": "2024-09-06", "close": 16.91, "volume": 204567, "typical_volume": 417886.5, "trend": 16.969333, "fair_value": 17.300962, "relative_strength": -7.480969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.456528, "energy": 11.096262, "activity_lines": [ 17.468, 17.676909, 17.581286, 17.315226 ] }, { "date": "2024-09-13", "close": 18.14, "volume": 248432, "typical_volume": 413902.0, "trend": 17.016667, "fair_value": 17.300577, "relative_strength": -4.176377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.826409, "energy": 21.205093, "activity_lines": [ 17.706, 17.745636, 17.645, 17.390753 ] }, { "date": "2024-09-20", "close": 18.2, "volume": 373374, "typical_volume": 417206.5, "trend": 17.071333, "fair_value": 17.305962, "relative_strength": -4.896741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.595376, "energy": 25.456676, "activity_lines": [ 17.882667, 17.802, 17.709333, 17.467097 ] }, { "date": "2024-09-27", "close": 17.88, "volume": 291904, "typical_volume": 414187.0, "trend": 17.109, "fair_value": 17.305962, "relative_strength": -6.713386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.958486, "energy": 21.849721, "activity_lines": [ 17.888667, 17.794364, 17.735952, 17.519269 ] }, { "date": "2024-10-04", "close": 17.17, "volume": 303452, "typical_volume": 401345.5, "trend": 17.126333, "fair_value": 17.299551, "relative_strength": -10.25913, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.685967, "energy": 13.047208, "activity_lines": [ 17.677333, 17.673636, 17.687238, 17.523204 ] }, { "date": "2024-10-11", "close": 16.7, "volume": 508020, "typical_volume": 396689.15, "trend": 17.162, "fair_value": 17.290449, "relative_strength": -13.311683, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.760374, "energy": 5.947893, "activity_lines": [ 17.357333, 17.506, 17.597619, 17.495699 ] }, { "date": "2024-10-18", "close": 16.65, "volume": 421638, "typical_volume": 338587.7, "trend": 17.205667, "fair_value": 17.278462, "relative_strength": -13.873732, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.178543, "energy": 27.786847, "activity_lines": [ 17.034667, 17.347455, 17.511619, 17.462667 ] }, { "date": "2024-10-25", "close": 15.94, "volume": 347065, "typical_volume": 336268.2, "trend": 17.223333, "fair_value": 17.26391, "relative_strength": -16.251746, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.252927, "energy": 55.133955, "activity_lines": [ 16.574667, 17.064727, 17.365524, 17.381011 ] }, { "date": "2024-11-01", "close": 15.84, "volume": 431079, "typical_volume": 342929.5, "trend": 17.247333, "fair_value": 17.234936, "relative_strength": -15.097743, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.500439, "energy": 65.922974, "activity_lines": [ 16.232, 16.787455, 17.214238, 17.291763 ] }, { "date": "2024-11-08", "close": 16.83, "volume": 580421, "typical_volume": 358239.4, "trend": 17.301667, "fair_value": 17.206474, "relative_strength": -13.468616, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.801354, "energy": 64.876578, "activity_lines": [ 16.355333, 16.732545, 17.160905, 17.264839 ] }, { "date": "2024-11-15", "close": 16.04, "volume": 419159, "typical_volume": 353305.8, "trend": 17.293667, "fair_value": 17.182051, "relative_strength": -15.292195, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.202011, "energy": 62.094128, "activity_lines": [ 16.238, 16.553273, 17.031238, 17.183441 ] }, { "date": "2024-11-22", "close": 15.82, "volume": 419005, "typical_volume": 366326.35, "trend": 17.252, "fair_value": 17.162628, "relative_strength": -17.323304, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.145128, "energy": 55.738746, "activity_lines": [ 16.091333, 16.349818, 16.885476, 17.088366 ] }, { "date": "2024-11-29", "close": 16.12, "volume": 432243, "typical_volume": 373793.45, "trend": 17.233333, "fair_value": 17.151346, "relative_strength": -16.262668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.947888, "energy": 38.930693, "activity_lines": [ 16.1, 16.243091, 16.773238, 17.015333 ] }, { "date": "2024-12-06", "close": 15.94, "volume": 399932, "typical_volume": 364986.35, "trend": 17.222667, "fair_value": 17.136346, "relative_strength": -17.413644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.96131, "energy": 43.987755, "activity_lines": [ 16.036667, 16.141455, 16.652238, 16.931892 ] }, { "date": "2024-12-13", "close": 15.31, "volume": 440701, "typical_volume": 366464.5, "trend": 17.133667, "fair_value": 17.115641, "relative_strength": -19.682101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.08372, "energy": 61.302932, "activity_lines": [ 15.756667, 15.960545, 16.484667, 16.808495 ] }, { "date": "2024-12-20", "close": 15.33, "volume": 946384, "typical_volume": 394674.95, "trend": 17.029333, "fair_value": 17.095385, "relative_strength": -17.523977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.211753, "energy": 57.593976, "activity_lines": [ 15.584667, 15.817091, 16.337952, 16.692129 ] }, { "date": "2024-12-27", "close": 15.68, "volume": 350434, "typical_volume": 396053.95, "trend": 16.944333, "fair_value": 17.07359, "relative_strength": -15.656984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.710252, "energy": 54.710312, "activity_lines": [ 15.576667, 15.762182, 16.235857, 16.605075 ] }, { "date": "2025-01-03", "close": 16.3, "volume": 270645, "typical_volume": 399830.05, "trend": 16.926, "fair_value": 17.061731, "relative_strength": -11.414582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.078775, "energy": 38.439204, "activity_lines": [ 15.784667, 15.837636, 16.198714, 16.563505 ] }, { "date": "2025-01-10", "close": 15.23, "volume": 398915, "typical_volume": 408900.7, "trend": 16.88, "fair_value": 17.043846, "relative_strength": -15.156026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.771894, "energy": 40.528318, "activity_lines": [ 15.624, 15.712, 16.064143, 16.454086 ] }, { "date": "2025-01-17", "close": 16.1, "volume": 374397, "typical_volume": 408088.35, "trend": 16.863333, "fair_value": 17.04, "relative_strength": -12.501225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.088582, "energy": 23.485779, "activity_lines": [ 15.800667, 15.755636, 16.026429, 16.403763 ] }, { "date": "2025-01-24", "close": 15.66, "volume": 289204, "typical_volume": 412320.2, "trend": 16.816667, "fair_value": 17.031859, "relative_strength": -15.935189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.925751, "energy": 22.777796, "activity_lines": [ 15.778, 15.732545, 15.955333, 16.326129 ] }, { "date": "2025-01-31", "close": 16.22, "volume": 398719, "typical_volume": 419834.55, "trend": 16.795333, "fair_value": 17.029679, "relative_strength": -11.724258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.645268, "energy": 19.953388, "activity_lines": [ 15.92, 15.818182, 15.943524, 16.287634 ] }, { "date": "2025-02-07", "close": 16.29, "volume": 276288, "typical_volume": 414980.25, "trend": 16.742333, "fair_value": 17.028333, "relative_strength": -10.872755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.587554, "energy": 16.055829, "activity_lines": [ 16.049333, 15.909273, 15.947524, 16.255032 ] }, { "date": "2025-02-14", "close": 16.04, "volume": 423068, "typical_volume": 421538.45, "trend": 16.651667, "fair_value": 17.022949, "relative_strength": -13.10886, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.489473, "energy": 11.345358, "activity_lines": [ 16.096, 15.951818, 15.93681, 16.20972 ] }, { "date": "2025-02-21", "close": 15.95, "volume": 276366, "typical_volume": 420184.15, "trend": 16.540333, "fair_value": 17.014103, "relative_strength": -11.830112, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.204743, "energy": 11.249002, "activity_lines": [ 16.058667, 15.976182, 15.926286, 16.164452 ] }, { "date": "2025-02-28", "close": 15.36, "volume": 944030, "typical_volume": 441984.65, "trend": 16.462333, "fair_value": 16.997885, "relative_strength": -13.871402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.487978, "energy": 20.74957, "activity_lines": [ 15.834667, 15.881636, 15.865381, 16.088301 ] }, { "date": "2025-03-07", "close": 16.26, "volume": 636660, "typical_volume": 452735.75, "trend": 16.440333, "fair_value": 16.989487, "relative_strength": -5.648608, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.014148, "energy": 12.195393, "activity_lines": [ 15.930667, 15.950182, 15.896571, 16.075247 ] }, { "date": "2025-03-14", "close": 16.1, "volume": 851221, "typical_volume": 477943.55, "trend": 16.402333, "fair_value": 16.980128, "relative_strength": -4.256448, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.370979, "energy": 12.139604, "activity_lines": [ 15.970667, 15.979091, 15.914381, 16.05329 ] }, { "date": "2025-03-21", "close": 15.67, "volume": 788807, "typical_volume": 495829.95, "trend": 16.319, "fair_value": 16.964295, "relative_strength": -7.165263, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.020197, "energy": 16.924543, "activity_lines": [ 15.88, 15.933455, 15.890476, 16.006043 ] }, { "date": "2025-03-28", "close": 16.08, "volume": 513604, "typical_volume": 492489.1, "trend": 16.258667, "fair_value": 16.949038, "relative_strength": -3.25417, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.813786, "energy": 9.815793, "activity_lines": [ 15.950667, 15.954364, 15.906429, 15.990624 ] }, { "date": "2025-04-04", "close": 15.66, "volume": 571310, "typical_volume": 500096.65, "trend": 16.217, "fair_value": 16.932372, "relative_strength": 3.516177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.896933, "energy": 14.521511, "activity_lines": [ 15.872667, 15.899273, 15.885952, 15.952 ] }, { "date": "2025-04-11", "close": 15.93, "volume": 858733, "typical_volume": 522083.05, "trend": 16.143333, "fair_value": 16.911474, "relative_strength": -0.332215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.619354, "energy": 13.00262, "activity_lines": [ 15.864667, 15.893273, 15.893, 15.933484 ] }, { "date": "2025-04-18", "close": 16.56, "volume": 527535, "typical_volume": 526847.65, "trend": 16.088667, "fair_value": 16.896667, "relative_strength": 5.21571, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.582557, "energy": 10.035727, "activity_lines": [ 16.088667, 16.007091, 15.959524, 15.960366 ] }, { "date": "2025-04-25", "close": 17.14, "volume": 825205, "typical_volume": 548111.3, "trend": 16.064, "fair_value": 16.889167, "relative_strength": 4.302284, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.884549, "energy": 39.206541, "activity_lines": [ 16.475333, 16.221455, 16.07919, 16.028194 ] }, { "date": "2025-05-02", "close": 17.25, "volume": 597442, "typical_volume": 555948.35, "trend": 16.066667, "fair_value": 16.888846, "relative_strength": 2.157267, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.953198, "energy": 61.647055, "activity_lines": [ 16.800667, 16.435818, 16.203619, 16.10471 ] }, { "date": "2025-05-09", "close": 16.48, "volume": 648904, "typical_volume": 541074.35, "trend": 16.059333, "fair_value": 16.884103, "relative_strength": -1.831393, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.822975, "energy": 55.557451, "activity_lines": [ 16.791333, 16.486545, 16.245476, 16.131376 ] }, { "date": "2025-05-16", "close": 16.6, "volume": 675548, "typical_volume": 557330.05, "trend": 16.057667, "fair_value": 16.882372, "relative_strength": -5.692213, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.521312, "energy": 52.998371, "activity_lines": [ 16.767333, 16.538727, 16.293286, 16.166258 ] }, { "date": "2025-05-23", "close": 16.31, "volume": 572865, "typical_volume": 572441.05, "trend": 16.07, "fair_value": 16.87641, "relative_strength": -4.482194, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.005766, "energy": 27.666634, "activity_lines": [ 16.602, 16.532, 16.309095, 16.182538 ] }, { "date": "2025-05-30", "close": 16.69, "volume": 377241, "typical_volume": 571357.35, "trend": 16.098333, "fair_value": 16.874936, "relative_strength": -3.540752, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.900128, "energy": 19.207414, "activity_lines": [ 16.58, 16.590545, 16.361048, 16.222538 ] }, { "date": "2025-06-06", "close": 16.1, "volume": 681317, "typical_volume": 586703.35, "trend": 16.074, "fair_value": 16.875128, "relative_strength": -8.159091, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.733242, "energy": 14.097321, "activity_lines": [ 16.391333, 16.523273, 16.349857, 16.222645 ] }, { "date": "2025-06-13", "close": 16.06, "volume": 434549, "typical_volume": 593970.6, "trend": 16.074667, "fair_value": 16.882756, "relative_strength": -7.811114, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.815164, "energy": 13.798967, "activity_lines": [ 16.266, 16.448364, 16.334857, 16.221742 ] }, { "date": "2025-06-20", "close": 16.56, "volume": 337968, "typical_volume": 590933.05, "trend": 16.099333, "fair_value": 16.887372, "relative_strength": -4.600039, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.782022, "energy": 14.727689, "activity_lines": [ 16.335333, 16.457091, 16.365571, 16.253054 ] }, { "date": "2025-06-27", "close": 17.1, "volume": 651096, "typical_volume": 609673.45, "trend": 16.132, "fair_value": 16.896667, "relative_strength": -4.547313, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.641485, "energy": 23.655896, "activity_lines": [ 16.587333, 16.552545, 16.446095, 16.317613 ] }, { "date": "2025-07-04", "close": 18.06, "volume": 402857, "typical_volume": 608662.9, "trend": 16.202667, "fair_value": 16.911987, "relative_strength": -0.745808, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.54723, "energy": 58.865296, "activity_lines": [ 17.106667, 16.812727, 16.61419, 16.442 ] }, { "date": "2025-07-11", "close": 18.49, "volume": 440596, "typical_volume": 616874.4, "trend": 16.308667, "fair_value": 16.932308, "relative_strength": 2.078217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.702187, "energy": 76.689157, "activity_lines": [ 17.678, 17.134364, 16.813619, 16.58957 ] }, { "date": "2025-07-18", "close": 18.1, "volume": 447062, "typical_volume": 592026.0, "trend": 16.401, "fair_value": 16.948782, "relative_strength": -0.325571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.706879, "energy": 76.217396, "activity_lines": [ 17.96, 17.362545, 16.96381, 16.70514 ] }, { "date": "2025-07-25", "close": 18.99, "volume": 525597, "typical_volume": 586472.85, "trend": 16.511333, "fair_value": 16.964615, "relative_strength": 3.429762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.655776, "energy": 85.570501, "activity_lines": [ 18.402667, 17.723091, 17.185714, 16.872172 ] }, { "date": "2025-08-01", "close": 17.88, "volume": 671482, "typical_volume": 577485.9, "trend": 16.564, "fair_value": 16.979615, "relative_strength": 0.118419, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.465282, "energy": 73.540546, "activity_lines": [ 18.313333, 17.838364, 17.288905, 16.960473 ] }, { "date": "2025-08-08", "close": 17.03, "volume": 679617, "typical_volume": 572026.4, "trend": 16.624, "fair_value": 16.984936, "relative_strength": -6.616439, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.564103, "energy": 41.007255, "activity_lines": [ 17.888667, 17.770545, 17.302667, 16.990538 ] }, { "date": "2025-08-15", "close": 17.44, "volume": 506837, "typical_volume": 571688.05, "trend": 16.668667, "fair_value": 16.99359, "relative_strength": -5.01884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.645319, "energy": 28.122289, "activity_lines": [ 17.669333, 17.771091, 17.349, 17.043183 ] }, { "date": "2025-08-22", "close": 17.49, "volume": 648156, "typical_volume": 575530.35, "trend": 16.729667, "fair_value": 17.001474, "relative_strength": -4.661365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.966264, "energy": 21.228493, "activity_lines": [ 17.536667, 17.756364, 17.393619, 17.096172 ] }, { "date": "2025-08-29", "close": 17.41, "volume": 425126, "typical_volume": 553850.0, "trend": 16.769333, "fair_value": 17.009231, "relative_strength": -4.727802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.658191, "energy": 21.400025, "activity_lines": [ 17.418, 17.701091, 17.421905, 17.140065 ] }, { "date": "2025-09-05", "close": 16.6, "volume": 457245, "typical_volume": 550335.5, "trend": 16.779667, "fair_value": 17.004103, "relative_strength": -9.095271, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.067277, "energy": 13.672729, "activity_lines": [ 17.134667, 17.483091, 17.366, 17.12914 ] }, { "date": "2025-09-12", "close": 16.67, "volume": 535818, "typical_volume": 535866.15, "trend": 16.800667, "fair_value": 17.008205, "relative_strength": -9.67341, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.159637, "energy": 12.733631, "activity_lines": [ 16.96, 17.286909, 17.316571, 17.122065 ] }, { "date": "2025-09-19", "close": 16.26, "volume": 711598, "typical_volume": 541573.95, "trend": 16.811, "fair_value": 17.015641, "relative_strength": -12.49684, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.658249, "energy": 26.837328, "activity_lines": [ 16.672667, 17.041455, 17.230333, 17.087183 ] }, { "date": "2025-09-26", "close": 16.09, "volume": 530580, "typical_volume": 535657.75, "trend": 16.835333, "fair_value": 17.026474, "relative_strength": -12.724833, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.016547, "energy": 40.591228, "activity_lines": [ 16.407333, 16.805636, 17.132619, 17.040667 ] }, { "date": "2025-10-03", "close": 16.19, "volume": 493505, "typical_volume": 526555.6, "trend": 16.833, "fair_value": 17.037244, "relative_strength": -12.782703, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.76525, "energy": 47.923002, "activity_lines": [ 16.268667, 16.624545, 17.046286, 16.999032 ] }, { "date": "2025-10-10", "close": 15.54, "volume": 524893, "typical_volume": 524157.0, "trend": 16.814333, "fair_value": 17.040962, "relative_strength": -13.888467, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.394746, "energy": 61.751568, "activity_lines": [ 15.994667, 16.376182, 16.9, 16.915613 ] }, { "date": "2025-10-17", "close": 15.54, "volume": 505711, "typical_volume": 530580.5, "trend": 16.81, "fair_value": 17.039679, "relative_strength": -15.04072, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.424615, "energy": 61.779654, "activity_lines": [ 15.791333, 16.170364, 16.757381, 16.833398 ] }, { "date": "2025-10-24", "close": 16.16, "volume": 372076, "typical_volume": 515118.45, "trend": 16.812667, "fair_value": 17.035641, "relative_strength": -13.085842, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.725532, "energy": 60.086917, "activity_lines": [ 15.87, 16.104364, 16.679286, 16.791462 ] }, { "date": "2025-10-31", "close": 15.82, "volume": 474591, "typical_volume": 517120.55, "trend": 16.818, "fair_value": 17.030962, "relative_strength": -15.224711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.340422, "energy": 57.719099, "activity_lines": [ 15.842, 15.999818, 16.568524, 16.727419 ] }, { "date": "2025-11-07", "close": 16.04, "volume": 455139, "typical_volume": 522979.1, "trend": 16.821667, "fair_value": 17.018654, "relative_strength": -12.343552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.513279, "energy": 43.823881, "activity_lines": [ 15.905333, 15.965636, 16.479857, 16.677226 ] }, { "date": "2025-11-14", "close": 16.47, "volume": 466685, "typical_volume": 513758.55, "trend": 16.818667, "fair_value": 17.004103, "relative_strength": -9.918748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.553183, "energy": 26.308285, "activity_lines": [ 16.122, 16.034545, 16.434619, 16.654538 ] }, { "date": "2025-11-21", "close": 16.08, "volume": 492384, "typical_volume": 518234.9, "trend": 16.783333, "fair_value": 16.983782, "relative_strength": -10.172375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.987144, "energy": 24.602899, "activity_lines": [ 16.146667, 16.034909, 16.355238, 16.606882 ] }, { "date": "2025-11-28", "close": 16.23, "volume": 335396, "typical_volume": 512974.9, "trend": 16.749333, "fair_value": 16.961282, "relative_strength": -12.359806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.440235, "energy": 18.653914, "activity_lines": [ 16.185333, 16.073273, 16.299571, 16.571183 ] }, { "date": "2025-12-05", "close": 16.01, "volume": 304350, "typical_volume": 505839.3, "trend": 16.733667, "fair_value": 16.944359, "relative_strength": -13.642017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.833132, "energy": 20.081926, "activity_lines": [ 16.146, 16.072182, 16.233714, 16.523484 ] }, { "date": "2025-12-12", "close": 16.46, "volume": 485957, "typical_volume": 503857.3, "trend": 16.729, "fair_value": 16.93109, "relative_strength": -10.607394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.21789, "energy": 17.53787, "activity_lines": [ 16.244, 16.154364, 16.220667, 16.505828 ] }, { "date": "2025-12-19", "close": 15.78, "volume": 508215, "typical_volume": 495693.95, "trend": 16.711333, "fair_value": 16.912051, "relative_strength": -14.21801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.787564, "energy": 27.828248, "activity_lines": [ 16.087333, 16.108, 16.154905, 16.444602 ] }, { "date": "2025-12-26", "close": 15.87, "volume": 336986, "typical_volume": 478562.4, "trend": 16.684, "fair_value": 16.893013, "relative_strength": -14.720749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.034846, "energy": 29.581583, "activity_lines": [ 16.006667, 16.073636, 16.107714, 16.390323 ] }, { "date": "2026-01-02", "close": 15.66, "volume": 494718, "typical_volume": 477956.45, "trend": 16.669333, "fair_value": 16.86859, "relative_strength": -14.669266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.065543, "energy": 35.333804, "activity_lines": [ 15.87, 15.995091, 16.046048, 16.324258 ] }, { "date": "2026-01-09", "close": 15.96, "volume": 540106, "typical_volume": 472553.95, "trend": 16.666, "fair_value": 16.841474, "relative_strength": -14.182299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.542575, "energy": 40.179971, "activity_lines": [ 15.871333, 15.980182, 16.021429, 16.278495 ] }, { "date": "2026-01-16", "close": 16.73, "volume": 789497, "typical_volume": 490772.5, "trend": 16.671667, "fair_value": 16.820641, "relative_strength": -9.529234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.711312, "energy": 7.961301, "activity_lines": [ 16.132667, 16.102727, 16.077429, 16.282624 ] }, { "date": "2026-01-23", "close": 16.3, "volume": 341745, "typical_volume": 484997.5, "trend": 16.645, "fair_value": 16.797949, "relative_strength": -11.390177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.862511, "energy": 9.702656, "activity_lines": [ 16.232667, 16.134545, 16.095714, 16.258645 ] }, { "date": "2026-01-30", "close": 16.09, "volume": 391667, "typical_volume": 477789.95, "trend": 16.579333, "fair_value": 16.770449, "relative_strength": -12.625373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.459831, "energy": 12.803319, "activity_lines": [ 16.228, 16.131273, 16.095429, 16.222839 ] }, { "date": "2026-02-06", "close": 16.61, "volume": 529676, "typical_volume": 468693.85, "trend": 16.516667, "fair_value": 16.751603, "relative_strength": -9.403866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.090423, "energy": 12.934552, "activity_lines": [ 16.382, 16.222364, 16.147429, 16.224817 ] }, { "date": "2026-02-13", "close": 16.85, "volume": 339965, "typical_volume": 459163.1, "trend": 16.475, "fair_value": 16.73141, "relative_strength": -6.770754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.437569, "energy": 31.990559, "activity_lines": [ 16.552667, 16.350182, 16.220619, 16.246323 ] }, { "date": "2026-02-20", "close": 17.24, "volume": 352056, "typical_volume": 452090.65, "trend": 16.416667, "fair_value": 16.718141, "relative_strength": -5.545931, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.459682, "energy": 54.868798, "activity_lines": [ 16.794, 16.533636, 16.327333, 16.295677 ] }, { "date": "2026-02-27", "close": 17.61, "volume": 456816, "typical_volume": 448686.8, "trend": 16.407667, "fair_value": 16.704679, "relative_strength": -3.000968, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.462346, "energy": 67.217136, "activity_lines": [ 17.124667, 16.770182, 16.464286, 16.372667 ] }, { "date": "2026-03-06", "close": 17.92, "volume": 418793, "typical_volume": 444340.9, "trend": 16.437333, "fair_value": 16.7025, "relative_strength": 0.844653, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.964331, "energy": 81.895706, "activity_lines": [ 17.471333, 17.029818, 16.620905, 16.470237 ] }, { "date": "2026-03-13", "close": 18.8, "volume": 941012, "typical_volume": 472787.7, "trend": 16.482667, "fair_value": 16.709551, "relative_strength": 7.45206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.518749, "energy": 88.776284, "activity_lines": [ 17.989333, 17.412182, 16.85, 16.622667 ] }, { "date": "2026-03-20", "close": 18.4, "volume": 608465, "typical_volume": 479481.4, "trend": 16.513, "fair_value": 16.714872, "relative_strength": 7.073091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.742673, "energy": 83.02023, "activity_lines": [ 18.228, 17.664727, 17.028429, 16.746366 ] }, { "date": "2026-03-27", "close": 19.06, "volume": 434207, "typical_volume": 478434.8, "trend": 16.568, "fair_value": 16.719936, "relative_strength": 13.381697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.6159, "energy": 86.126133, "activity_lines": [ 18.583333, 17.992909, 17.257429, 16.910688 ] }, { "date": "2026-04-03", "close": 19.2, "volume": 347652, "typical_volume": 472483.15, "trend": 16.654667, "fair_value": 16.728782, "relative_strength": 10.594685, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.469253, "energy": 84.529632, "activity_lines": [ 18.864, 18.304182, 17.485381, 17.080495 ] }, { "date": "2026-04-10", "close": 19.36, "volume": 417245, "typical_volume": 468726.2, "trend": 16.744333, "fair_value": 16.737308, "relative_strength": 7.769867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.202524, "energy": 78.230575, "activity_lines": [ 19.092, 18.591818, 17.715571, 17.255032 ] }, { "date": "2026-04-17", "close": 19.83, "volume": 445421, "typical_volume": 474227.45, "trend": 16.863333, "fair_value": 16.751795, "relative_strength": 5.917279, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.573303, "energy": 85.741925, "activity_lines": [ 19.380667, 18.905455, 17.974905, 17.454108 ] }, { "date": "2026-04-24", "close": 19.72, "volume": 321367, "typical_volume": 475078.3, "trend": 16.984333, "fair_value": 16.767436, "relative_strength": 5.065175, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.643974, "energy": 79.587782, "activity_lines": [ 19.564, 19.140545, 18.206619, 17.638409 ] }, { "date": "2026-05-01", "close": 19.57, "volume": 604572, "typical_volume": 481009.05, "trend": 17.097, "fair_value": 16.784423, "relative_strength": 3.570129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.841694, "energy": 60.97946, "activity_lines": [ 19.609333, 19.296182, 18.406381, 17.805226 ] }, { "date": "2026-05-08", "close": 20.16, "volume": 506572, "typical_volume": 480926.9, "trend": 17.251, "fair_value": 16.804423, "relative_strength": 4.406899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.266066, "energy": 61.043985, "activity_lines": [ 19.817333, 19.516727, 18.647524, 18.002839 ] }, { "date": "2026-05-15", "close": 19.06, "volume": 463353, "typical_volume": 487245.25, "trend": 17.368333, "fair_value": 16.81609, "relative_strength": -1.317724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.429775, "energy": 47.77527, "activity_lines": [ 19.594667, 19.490909, 18.763048, 18.119548 ] }, { "date": "2026-05-22", "close": 19.25, "volume": 368431, "typical_volume": 480930.9, "trend": 17.471333, "fair_value": 16.830769, "relative_strength": -1.004275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.198442, "energy": 37.151294, "activity_lines": [ 19.455333, 19.478909, 18.881476, 18.240946 ] }, { "date": "2026-05-29", "close": 19.33, "volume": 394507, "typical_volume": 473650.95, "trend": 17.588333, "fair_value": 16.839423, "relative_strength": -1.79357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.88326, "energy": 32.950422, "activity_lines": [ 19.381333, 19.473273, 18.990429, 18.36086 ] }, { "date": "2026-06-05", "close": 19.24, "volume": 476059, "typical_volume": 457979.05, "trend": 17.695, "fair_value": 16.849423, "relative_strength": 0.339131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.485724, "energy": 24.227287, "activity_lines": [ 19.303333, 19.434364, 19.074762, 18.467419 ] }, { "date": "2026-06-12", "close": 19.26, "volume": 366076, "typical_volume": 459195.6, "trend": 17.788, "fair_value": 16.858141, "relative_strength": -0.033309, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.035808, "energy": 24.628054, "activity_lines": [ 19.254, 19.395818, 19.149048, 18.568387 ] }, { "date": "2026-06-19", "close": 18.48, "volume": 430694, "typical_volume": 461146.95, "trend": 17.868, "fair_value": 16.867821, "relative_strength": -4.723957, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.301554, "energy": 15.837693, "activity_lines": [ 19.004667, 19.214364, 19.134952, 18.613032 ] }, { "date": "2026-06-26", "close": 18.86, "volume": 717277, "typical_volume": 470527.0, "trend": 17.955667, "fair_value": 16.878397, "relative_strength": -0.23144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.428493, "energy": 13.508643, "activity_lines": [ 18.920667, 19.118, 19.145667, 18.677032 ] }, { "date": "2026-07-03", "close": 18.86, "volume": 472189, "typical_volume": 477138.2, "trend": 18.050667, "fair_value": 16.890577, "relative_strength": -2.065071, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.909363, "energy": 13.280333, "activity_lines": [ 18.862667, 19.039273, 19.145667, 18.735376 ] }, { "date": "2026-07-10", "close": 18.31, "volume": 453530, "typical_volume": 482211.9, "trend": 18.112333, "fair_value": 16.898654, "relative_strength": -5.800875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.161499, "energy": 12.099995, "activity_lines": [ 18.652667, 18.876182, 19.083714, 18.752108 ] }, { "date": "2026-07-17", "close": 18.18, "volume": 354873, "typical_volume": 477114.75, "trend": 18.192333, "fair_value": 16.904679, "relative_strength": -4.667743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.345461, "energy": 13.949233, "activity_lines": [ 18.461333, 18.712364, 19.004286, 18.756473 ] }, { "date": "2026-07-24", "close": 17.62, "volume": 506087, "typical_volume": 481479.45, "trend": 18.250667, "fair_value": 16.904551, "relative_strength": -6.618756, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.020906, "energy": 39.487979, "activity_lines": [ 18.155333, 18.482727, 18.86881, 18.719548 ] }, { "date": "2026-07-31", "close": 16.93, "volume": 620318, "typical_volume": 465444.75, "trend": 18.293, "fair_value": 16.898782, "relative_strength": -10.817679, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.599979, "energy": 58.751615, "activity_lines": [ 17.676667, 18.153818, 18.669048, 18.634344 ] }, { "date": "2026-08-07", "close": 16.69, "volume": 758763, "typical_volume": 472959.65, "trend": 18.317333, "fair_value": 16.89359, "relative_strength": -14.713211, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.258547, "energy": 71.309578, "activity_lines": [ 17.246667, 17.823455, 18.455333, 18.530925 ] } ], "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." } } }