{ "ticker": { "uuid": "d08563b9-8e63-462f-aa6a-7228aa618c65", "symbol": "REH", "name": "Reece Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 79.926, "architecture_energy": 56.018, "architecture_maturity": 38.887, "architecture_confidence": 85.554, "architecture_tenure": "Developing", "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": 13.59, "rotation_up": 62.02, "upward_expansion": 80.87, "deceleration": 64.31, "rotation_down": 20.21, "downward_expansion": 7.54 }, "activity_lines": [ 16.438, 16.277091, 15.444, 15.062848 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 17.299999, "trend_reference": 14.69854, "distance_from_trend": 0.176988, "trend_direction": "Improving", "fair_value": 18.742519, "distance_from_fair_value": -0.076965, "fair_value_direction": "Improving", "relative_strength": 21.580486, "relative_strength_direction": "Improving", "price_momentum": 0.211804, "excess_performance": 0.148098, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.176988, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.091981, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.076965, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.210491, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.215805, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.202686, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.211804, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.241742, "read": "Demand-led" } ], "volume": { "latest": 3021921, "relative_activity": 1.34868, "balance": 2.241742, "dry_up": 1.157189, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.057514, "annualized_volatility": 0.408959, "from_high_reference": -0.005747, "from_low_reference": 0.730183 }, "levels": { "trend_reference": 14.69854, "fair_value_reference": 18.742519, "structural_low": 12.51, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.009012, "positive_rate": 0.478261, "directional_follow_through": 0.478261, "median_excess_return": 0.008866, "regime_survival": 0.695652, "best_return": 0.249452, "worst_return": -0.247713, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.053672, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.05776, "regime_survival": 0.333333, "best_return": 0.295097, "worst_return": -0.361219, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.142023, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.116947, "regime_survival": 0.571429, "best_return": 0.211804, "worst_return": -0.463336, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.02804, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.085319, "regime_survival": 0.333333, "best_return": 0.379765, "worst_return": -0.357679, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-17", "end": "2023-12-08", "tenure": "New", "return": 0.028792, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-05-03", "tenure": "Established", "return": 0.27516, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-07-05", "tenure": "Developing", "return": -0.112774, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": 0.094523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-09-20", "tenure": "Developing", "return": 0.064528, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": -0.039271, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.004869, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": 0.003796, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-12-05", "tenure": "Extended", "return": -0.486151, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.039013, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-01-30", "tenure": "Developing", "return": 0.109445, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-04-10", "tenure": "Developing", "return": -0.006041, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-06-19", "tenure": "Developing", "return": 0.275374, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.03407, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 19.720491, "volume": 1365603, "typical_volume": 1938141.45, "trend": 17.239633, "fair_value": 16.839845, "relative_strength": 23.481998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.586768, "energy": 84.323068, "activity_lines": [ 19.191657, 18.67725, 18.256717, 17.834633 ] }, { "date": "2023-08-25", "close": 18.881939, "volume": 2277365, "typical_volume": 1953707.3, "trend": 17.362335, "fair_value": 16.886803, "relative_strength": 18.276314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.823483, "energy": 68.266512, "activity_lines": [ 19.173665, 18.768379, 18.346356, 17.940589 ] }, { "date": "2023-09-01", "close": 19.527721, "volume": 2162390, "typical_volume": 2002322.7, "trend": 17.45957, "fair_value": 16.939573, "relative_strength": 19.040195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.502155, "energy": 64.437345, "activity_lines": [ 19.318243, 18.970438, 18.48818, 18.080291 ] }, { "date": "2023-09-08", "close": 18.544588, "volume": 1728613, "typical_volume": 2001260.45, "trend": 17.541617, "fair_value": 16.984249, "relative_strength": 14.502784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.949422, "energy": 42.167806, "activity_lines": [ 19.090131, 18.958696, 18.525449, 18.150292 ] }, { "date": "2023-09-15", "close": 18.361456, "volume": 3161003, "typical_volume": 2081172.0, "trend": 17.610845, "fair_value": 17.025182, "relative_strength": 11.045018, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.994832, "energy": 24.821024, "activity_lines": [ 18.803544, 18.901916, 18.540596, 18.203185 ] }, { "date": "2023-09-22", "close": 17.956636, "volume": 2182488, "typical_volume": 2070955.65, "trend": 17.684802, "fair_value": 17.063101, "relative_strength": 11.356167, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.489733, "energy": 16.184009, "activity_lines": [ 18.453343, 18.746122, 18.513424, 18.225494 ] }, { "date": "2023-09-29", "close": 17.956636, "volume": 1701316, "typical_volume": 2087690.5, "trend": 17.7773, "fair_value": 17.099468, "relative_strength": 11.214369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.623105, "energy": 19.10761, "activity_lines": [ 18.220733, 18.593657, 18.483774, 18.243032 ] }, { "date": "2023-10-06", "close": 17.657843, "volume": 1713954, "typical_volume": 2085346.1, "trend": 17.844493, "fair_value": 17.127268, "relative_strength": 10.467253, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.27886, "energy": 18.986476, "activity_lines": [ 17.950211, 18.38932, 18.42374, 18.235325 ] }, { "date": "2023-10-13", "close": 17.881239, "volume": 1976294, "typical_volume": 2096597.7, "trend": 17.925208, "fair_value": 17.154879, "relative_strength": 9.878763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.905288, "energy": 24.939168, "activity_lines": [ 17.878814, 18.247331, 18.385256, 18.237695 ] }, { "date": "2023-10-20", "close": 17.132137, "volume": 1288908, "typical_volume": 2038930.6, "trend": 17.981258, "fair_value": 17.178109, "relative_strength": 7.217685, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.619177, "energy": 40.363675, "activity_lines": [ 17.601939, 17.981904, 18.27299, 18.18653 ] }, { "date": "2023-10-27", "close": 17.112677, "volume": 1653006, "typical_volume": 2031573.7, "trend": 17.994251, "fair_value": 17.205595, "relative_strength": 7.885659, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.483611, "energy": 49.267131, "activity_lines": [ 17.400531, 17.754741, 18.161373, 18.130492 ] }, { "date": "2023-11-03", "close": 17.871511, "volume": 1654582, "typical_volume": 1991037.6, "trend": 18.025791, "fair_value": 17.236505, "relative_strength": 9.792345, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.481767, "energy": 29.467591, "activity_lines": [ 17.508333, 17.712964, 18.126182, 18.122573 ] }, { "date": "2023-11-10", "close": 18.396858, "volume": 1536297, "typical_volume": 1972596.75, "trend": 18.064562, "fair_value": 17.275103, "relative_strength": 12.541186, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.994774, "energy": 12.594408, "activity_lines": [ 17.796925, 17.785076, 18.144138, 18.146513 ] }, { "date": "2023-11-17", "close": 18.922205, "volume": 1249248, "typical_volume": 1941439.65, "trend": 18.10992, "fair_value": 17.318569, "relative_strength": 13.928837, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.041588, "energy": 15.263036, "activity_lines": [ 18.211365, 17.973266, 18.208333, 18.201845 ] }, { "date": "2023-11-24", "close": 18.319029, "volume": 1474779, "typical_volume": 1912124.55, "trend": 18.134851, "fair_value": 17.354628, "relative_strength": 9.935829, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.786781, "energy": 15.084202, "activity_lines": [ 18.355349, 18.044922, 18.210209, 18.215336 ] }, { "date": "2023-12-01", "close": 18.834648, "volume": 2545297, "typical_volume": 1892546.2, "trend": 18.181468, "fair_value": 17.389491, "relative_strength": 11.95167, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.183503, "energy": 29.8001, "activity_lines": [ 18.59208, 18.211099, 18.254738, 18.260484 ] }, { "date": "2023-12-08", "close": 19.46701, "volume": 2082658, "typical_volume": 1901050.85, "trend": 18.245307, "fair_value": 17.424508, "relative_strength": 13.054379, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.157869, "energy": 55.942487, "activity_lines": [ 18.9248, 18.476286, 18.356183, 18.343422 ] }, { "date": "2023-12-15", "close": 21.033319, "volume": 2987280, "typical_volume": 1958496.5, "trend": 18.355896, "fair_value": 17.465425, "relative_strength": 17.251409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.718627, "energy": 78.82926, "activity_lines": [ 19.673256, 18.998796, 18.600251, 18.523294 ] }, { "date": "2023-12-22", "close": 21.364092, "volume": 2526550, "typical_volume": 1954716.95, "trend": 18.489076, "fair_value": 17.513322, "relative_strength": 17.254284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.945462, "energy": 86.381923, "activity_lines": [ 20.356206, 19.520074, 18.865439, 18.717371 ] }, { "date": "2023-12-29", "close": 21.782423, "volume": 608574, "typical_volume": 1893810.25, "trend": 18.626562, "fair_value": 17.564141, "relative_strength": 17.271123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.209199, "energy": 91.795058, "activity_lines": [ 21.015807, 20.054087, 19.157225, 18.929845 ] }, { "date": "2024-01-05", "close": 21.247351, "volume": 826526, "typical_volume": 1866856.4, "trend": 18.735288, "fair_value": 17.603069, "relative_strength": 15.09676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.669013, "energy": 86.772646, "activity_lines": [ 21.266158, 20.406264, 19.386856, 19.098928 ] }, { "date": "2024-01-12", "close": 21.578125, "volume": 1381624, "typical_volume": 1822069.35, "trend": 18.837049, "fair_value": 17.643698, "relative_strength": 15.974422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.070658, "energy": 86.357378, "activity_lines": [ 21.46592, 20.743406, 19.640719, 19.282337 ] }, { "date": "2024-01-19", "close": 21.441923, "volume": 1314402, "typical_volume": 1779669.95, "trend": 18.965113, "fair_value": 17.680393, "relative_strength": 15.616201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.340887, "energy": 77.566133, "activity_lines": [ 21.47954, 20.988391, 19.868771, 19.450394 ] }, { "date": "2024-01-26", "close": 21.792154, "volume": 1130572, "typical_volume": 1749767.9, "trend": 19.094891, "fair_value": 17.724013, "relative_strength": 14.662367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.390377, "energy": 61.416307, "activity_lines": [ 21.582664, 21.24169, 20.121063, 19.632783 ] }, { "date": "2024-02-02", "close": 21.821337, "volume": 2651005, "typical_volume": 1724268.0, "trend": 19.256807, "fair_value": 17.76332, "relative_strength": 12.123011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.976739, "energy": 60.304823, "activity_lines": [ 21.666978, 21.448113, 20.36067, 19.808683 ] }, { "date": "2024-02-09", "close": 22.191029, "volume": 1185564, "typical_volume": 1674421.8, "trend": 19.391849, "fair_value": 17.809078, "relative_strength": 14.194721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.031501, "energy": 61.859809, "activity_lines": [ 21.871928, 21.658075, 20.61901, 19.997988 ] }, { "date": "2024-02-16", "close": 22.492617, "volume": 1816253, "typical_volume": 1680168.65, "trend": 19.53855, "fair_value": 17.854128, "relative_strength": 14.916285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.105746, "energy": 64.08105, "activity_lines": [ 22.114496, 21.861846, 20.885909, 20.198037 ] }, { "date": "2024-02-23", "close": 23.436293, "volume": 1430678, "typical_volume": 1666004.85, "trend": 19.691326, "fair_value": 17.907148, "relative_strength": 19.149943, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.84288, "energy": 82.830278, "activity_lines": [ 22.610657, 22.182184, 21.221082, 20.449505 ] }, { "date": "2024-03-01", "close": 26.559187, "volume": 5930089, "typical_volume": 1863694.6, "trend": 19.957194, "fair_value": 17.977066, "relative_strength": 31.923004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.473226, "energy": 92.668043, "activity_lines": [ 24.014824, 23.02663, 21.826158, 20.892593 ] }, { "date": "2024-03-08", "close": 27.726622, "volume": 3199036, "typical_volume": 1959201.0, "trend": 20.233703, "fair_value": 18.052247, "relative_strength": 34.603582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.066427, "energy": 97.654938, "activity_lines": [ 25.490333, 23.98888, 22.501093, 21.393846 ] }, { "date": "2024-03-15", "close": 27.240192, "volume": 2772841, "typical_volume": 2015192.75, "trend": 20.48436, "fair_value": 18.12257, "relative_strength": 33.972239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.65603, "energy": 94.365692, "activity_lines": [ 26.410014, 24.754613, 23.079253, 21.845878 ] }, { "date": "2024-03-22", "close": 26.899687, "volume": 2364337, "typical_volume": 2050680.5, "trend": 20.751618, "fair_value": 18.18849, "relative_strength": 29.425386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.301482, "energy": 89.398447, "activity_lines": [ 26.879582, 25.349474, 23.576756, 22.25977 ] }, { "date": "2024-03-29", "close": 27.416006, "volume": 1950178, "typical_volume": 2071374.55, "trend": 21.014561, "fair_value": 18.259947, "relative_strength": 28.742869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.525987, "energy": 90.204886, "activity_lines": [ 27.227452, 25.941456, 24.080442, 22.68973 ] }, { "date": "2024-04-05", "close": 27.064768, "volume": 2086256, "typical_volume": 2113224.95, "trend": 21.298567, "fair_value": 18.317532, "relative_strength": 28.075677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.035676, "energy": 71.822559, "activity_lines": [ 27.192929, 26.360957, 24.507728, 23.080066 ] }, { "date": "2024-04-12", "close": 26.976959, "volume": 2909876, "typical_volume": 2184979.8, "trend": 21.58575, "fair_value": 18.37046, "relative_strength": 26.413451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.88253, "energy": 65.282691, "activity_lines": [ 27.09543, 26.668627, 24.887878, 23.446414 ] }, { "date": "2024-04-19", "close": 25.63055, "volume": 2634721, "typical_volume": 2189451.0, "trend": 21.841548, "fair_value": 18.413312, "relative_strength": 22.754598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.141806, "energy": 55.48886, "activity_lines": [ 26.599106, 26.637757, 25.09857, 23.707369 ] }, { "date": "2024-04-26", "close": 26.859879, "volume": 1327557, "typical_volume": 2151695.95, "trend": 22.138322, "fair_value": 18.463442, "relative_strength": 27.482079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.430252, "energy": 49.128169, "activity_lines": [ 26.619868, 26.767865, 25.393979, 24.031132 ] }, { "date": "2024-05-03", "close": 26.820854, "volume": 1519728, "typical_volume": 2078318.35, "trend": 22.443756, "fair_value": 18.508685, "relative_strength": 25.456013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.42358, "energy": 43.956305, "activity_lines": [ 26.630275, 26.811472, 25.650467, 24.333231 ] }, { "date": "2024-05-10", "close": 26.733044, "volume": 1814721, "typical_volume": 2042726.9, "trend": 22.738816, "fair_value": 18.55463, "relative_strength": 22.243798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.373214, "energy": 39.09291, "activity_lines": [ 26.651089, 26.777576, 25.871033, 24.609959 ] }, { "date": "2024-05-17", "close": 25.445177, "volume": 1613215, "typical_volume": 2092958.95, "trend": 23.015918, "fair_value": 18.590152, "relative_strength": 14.737783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.451916, "energy": 33.317526, "activity_lines": [ 26.264729, 26.506362, 25.943378, 24.784563 ] }, { "date": "2024-05-24", "close": 24.693918, "volume": 2320044, "typical_volume": 2167634.85, "trend": 23.268626, "fair_value": 18.624772, "relative_strength": 12.017971, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.822927, "energy": 18.98508, "activity_lines": [ 25.730068, 26.140036, 25.926734, 24.892821 ] }, { "date": "2024-05-31", "close": 25.328094, "volume": 3322715, "typical_volume": 2264689.4, "trend": 23.517178, "fair_value": 18.650151, "relative_strength": 14.64945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.401561, "energy": 20.494786, "activity_lines": [ 25.469241, 25.93531, 25.954074, 25.02569 ] }, { "date": "2024-06-07", "close": 25.347607, "volume": 1542083, "typical_volume": 2276073.45, "trend": 23.74887, "fair_value": 18.675955, "relative_strength": 11.902026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.526288, "energy": 21.784593, "activity_lines": [ 25.317038, 25.762707, 25.965417, 25.143782 ] }, { "date": "2024-06-14", "close": 25.211018, "volume": 1431199, "typical_volume": 2291104.8, "trend": 23.958497, "fair_value": 18.697994, "relative_strength": 12.720975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.731485, "energy": 17.95806, "activity_lines": [ 25.217521, 25.602877, 25.945152, 25.238114 ] }, { "date": "2024-06-21", "close": 25.006128, "volume": 2640571, "typical_volume": 2290583.1, "trend": 24.1814, "fair_value": 18.719804, "relative_strength": 10.243287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.418, "energy": 12.867766, "activity_lines": [ 25.151176, 25.439498, 25.889093, 25.305703 ] }, { "date": "2024-06-28", "close": 24.557325, "volume": 1812321, "typical_volume": 2321920.95, "trend": 24.372156, "fair_value": 18.735244, "relative_strength": 8.178031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.000814, "energy": 14.440396, "activity_lines": [ 24.9645, 25.230352, 25.775126, 25.329957 ] }, { "date": "2024-07-05", "close": 23.71826, "volume": 1753247, "typical_volume": 2318770.65, "trend": 24.513865, "fair_value": 18.748858, "relative_strength": 3.32612, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.168481, "energy": 39.00872, "activity_lines": [ 24.507242, 24.888162, 25.56998, 25.28777 ] }, { "date": "2024-07-12", "close": 24.049982, "volume": 2509348, "typical_volume": 2372704.15, "trend": 24.61442, "fair_value": 18.762611, "relative_strength": 2.606246, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.477186, "energy": 44.989724, "activity_lines": [ 24.26788, 24.663406, 25.39059, 25.257842 ] }, { "date": "2024-07-19", "close": 25.728117, "volume": 2317381, "typical_volume": 2192068.75, "trend": 24.759888, "fair_value": 18.788326, "relative_strength": 9.059523, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.983947, "energy": 18.694442, "activity_lines": [ 24.674405, 24.794144, 25.3681, 25.329693 ] }, { "date": "2024-07-26", "close": 26.323269, "volume": 1601190, "typical_volume": 2112176.45, "trend": 24.911249, "fair_value": 18.815508, "relative_strength": 11.727015, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 27.299166, "energy": 13.530659, "activity_lines": [ 25.24484, 25.051364, 25.406248, 25.430557 ] }, { "date": "2024-08-02", "close": 26.762314, "volume": 3629581, "typical_volume": 2155013.45, "trend": 25.095081, "fair_value": 18.842072, "relative_strength": 12.670953, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.811629, "energy": 30.526599, "activity_lines": [ 25.873815, 25.372444, 25.492893, 25.54998 ] }, { "date": "2024-08-09", "close": 25.171989, "volume": 2595168, "typical_volume": 2166555.0, "trend": 25.214877, "fair_value": 18.858682, "relative_strength": 7.822103, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.408543, "energy": 24.918391, "activity_lines": [ 25.825682, 25.366767, 25.430354, 25.554942 ] }, { "date": "2024-08-16", "close": 26.440348, "volume": 1975845, "typical_volume": 2167838.35, "trend": 25.381491, "fair_value": 18.878606, "relative_strength": 10.113366, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.823146, "energy": 34.789106, "activity_lines": [ 26.10342, 25.59454, 25.496838, 25.634005 ] }, { "date": "2024-08-23", "close": 25.611036, "volume": 2804456, "typical_volume": 2203748.35, "trend": 25.508787, "fair_value": 18.916035, "relative_strength": 5.595025, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.474097, "energy": 20.390391, "activity_lines": [ 25.945362, 25.65166, 25.488987, 25.648814 ] }, { "date": "2024-08-30", "close": 26.674505, "volume": 3014609, "typical_volume": 2208985.0, "trend": 25.670559, "fair_value": 18.967626, "relative_strength": 8.631566, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.281854, "energy": 20.599528, "activity_lines": [ 26.1496, 25.894865, 25.58934, 25.724022 ] }, { "date": "2024-09-06", "close": 25.933004, "volume": 1862825, "typical_volume": 2170390.2, "trend": 25.795292, "fair_value": 19.017896, "relative_strength": 6.212255, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.237403, "energy": 13.156581, "activity_lines": [ 26.083256, 25.972918, 25.620515, 25.740954 ] }, { "date": "2024-09-13", "close": 27.08428, "volume": 1741789, "typical_volume": 2191101.8, "trend": 25.948347, "fair_value": 19.0682, "relative_strength": 9.176951, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.13629, "energy": 20.365953, "activity_lines": [ 26.455957, 26.235281, 25.759894, 25.824114 ] }, { "date": "2024-09-20", "close": 28.489231, "volume": 3496860, "typical_volume": 2289958.4, "trend": 26.116778, "fair_value": 19.137083, "relative_strength": 12.649338, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 49.13151, "energy": 53.482547, "activity_lines": [ 27.169489, 26.691889, 26.03201, 25.988042 ] }, { "date": "2024-09-27", "close": 27.825781, "volume": 1858644, "typical_volume": 2292154.55, "trend": 26.158998, "fair_value": 19.206411, "relative_strength": 9.415519, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.909899, "energy": 53.245719, "activity_lines": [ 27.525279, 26.947157, 26.232996, 26.0983 ] }, { "date": "2024-10-04", "close": 26.733044, "volume": 1715612, "typical_volume": 2297274.4, "trend": 26.125879, "fair_value": 19.270239, "relative_strength": 5.435809, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 57.730027, "energy": 57.716989, "activity_lines": [ 27.369173, 26.965606, 26.324708, 26.135336 ] }, { "date": "2024-10-11", "close": 26.221008, "volume": 1208662, "typical_volume": 2241705.3, "trend": 26.091906, "fair_value": 19.331385, "relative_strength": 2.189884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.462459, "energy": 38.052021, "activity_lines": [ 27.038487, 26.883506, 26.361522, 26.141473 ] }, { "date": "2024-10-18", "close": 26.093338, "volume": 1592786, "typical_volume": 2155208.85, "trend": 26.065028, "fair_value": 19.388986, "relative_strength": 0.436162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.629119, "energy": 16.615841, "activity_lines": [ 26.646043, 26.788037, 26.378905, 26.141565 ] }, { "date": "2024-10-25", "close": 23.284645, "volume": 2659082, "typical_volume": 2211058.8, "trend": 25.927316, "fair_value": 19.417669, "relative_strength": -9.772052, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.355934, "energy": 26.511966, "activity_lines": [ 25.383431, 26.165143, 26.125149, 25.962186 ] }, { "date": "2024-11-01", "close": 22.273125, "volume": 2472057, "typical_volume": 2263101.7, "trend": 25.767594, "fair_value": 19.43017, "relative_strength": -12.805645, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -52.372672, "energy": 55.7775, "activity_lines": [ 24.130619, 25.415714, 25.784882, 25.726432 ] }, { "date": "2024-11-08", "close": 23.373032, "volume": 2464519, "typical_volume": 2254299.1, "trend": 25.647463, "fair_value": 19.448751, "relative_strength": -10.543264, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.36482, "energy": 73.35407, "activity_lines": [ 23.614619, 24.926957, 25.563357, 25.571944 ] }, { "date": "2024-11-15", "close": 24.060474, "volume": 1661178, "typical_volume": 2246741.95, "trend": 25.595128, "fair_value": 19.465676, "relative_strength": -7.925716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.151348, "energy": 73.410639, "activity_lines": [ 23.551767, 24.623216, 25.415081, 25.469557 ] }, { "date": "2024-11-22", "close": 23.942625, "volume": 1744920, "typical_volume": 2246325.6, "trend": 25.497886, "fair_value": 19.478027, "relative_strength": -9.700092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.997454, "energy": 69.078314, "activity_lines": [ 23.593667, 24.332094, 25.257946, 25.362944 ] }, { "date": "2024-11-29", "close": 25.278227, "volume": 2583403, "typical_volume": 2250028.35, "trend": 25.446465, "fair_value": 19.499303, "relative_strength": -5.334267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.94798, "energy": 34.316951, "activity_lines": [ 24.22415, 24.34093, 25.226943, 25.348773 ] }, { "date": "2024-12-06", "close": 25.071995, "volume": 1843114, "typical_volume": 2226315.0, "trend": 25.391097, "fair_value": 19.511316, "relative_strength": -6.091013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.908156, "energy": 19.678303, "activity_lines": [ 24.652983, 24.370651, 25.17045, 25.324613 ] }, { "date": "2024-12-13", "close": 23.373032, "volume": 3403682, "typical_volume": 2316439.6, "trend": 25.322025, "fair_value": 19.51171, "relative_strength": -11.131903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.741005, "energy": 25.967362, "activity_lines": [ 24.328903, 24.141538, 24.955276, 25.194416 ] }, { "date": "2024-12-20", "close": 22.371332, "volume": 4551847, "typical_volume": 2362552.9, "trend": 25.244605, "fair_value": 19.496348, "relative_strength": -12.486246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.136657, "energy": 39.13886, "activity_lines": [ 23.670923, 23.791389, 24.65875, 25.004048 ] }, { "date": "2024-12-27", "close": 22.695412, "volume": 404926, "typical_volume": 2253040.8, "trend": 25.156849, "fair_value": 19.477971, "relative_strength": -13.24729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.268392, "energy": 59.465086, "activity_lines": [ 23.23358, 23.570158, 24.413999, 24.839584 ] }, { "date": "2025-01-03", "close": 22.459717, "volume": 749863, "typical_volume": 2191741.7, "trend": 25.060586, "fair_value": 19.456264, "relative_strength": -13.970626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.726565, "energy": 71.836412, "activity_lines": [ 22.800819, 23.367854, 24.158593, 24.665576 ] }, { "date": "2025-01-10", "close": 22.165098, "volume": 1578665, "typical_volume": 2130452.15, "trend": 24.959056, "fair_value": 19.451219, "relative_strength": -15.439902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.413312, "energy": 73.282704, "activity_lines": [ 22.457753, 23.126982, 23.894084, 24.47877 ] }, { "date": "2025-01-17", "close": 22.351688, "volume": 1518534, "typical_volume": 2055648.4, "trend": 24.870574, "fair_value": 19.460767, "relative_strength": -14.791789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.846144, "energy": 65.459042, "activity_lines": [ 22.370676, 22.921999, 23.663755, 24.310553 ] }, { "date": "2025-01-24", "close": 22.999851, "volume": 1326335, "typical_volume": 2028823.9, "trend": 24.818659, "fair_value": 19.48126, "relative_strength": -13.269139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.236333, "energy": 54.560295, "activity_lines": [ 22.567743, 22.853433, 23.51574, 24.189861 ] }, { "date": "2025-01-31", "close": 23.471237, "volume": 1270112, "typical_volume": 2005240.05, "trend": 24.810425, "fair_value": 19.507078, "relative_strength": -12.727311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.878109, "energy": 37.539943, "activity_lines": [ 22.880038, 22.889859, 23.426587, 24.10293 ] }, { "date": "2025-02-07", "close": 22.813255, "volume": 1794512, "typical_volume": 1920122.65, "trend": 24.7692, "fair_value": 19.532498, "relative_strength": -14.850026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.148102, "energy": 29.039655, "activity_lines": [ 22.921283, 22.815222, 23.291974, 23.974081 ] }, { "date": "2025-02-14", "close": 22.076712, "volume": 1250685, "typical_volume": 1889724.7, "trend": 24.647487, "fair_value": 19.551074, "relative_strength": -17.847739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.118399, "energy": 33.279256, "activity_lines": [ 22.693445, 22.651485, 23.114242, 23.800372 ] }, { "date": "2025-02-21", "close": 21.556221, "volume": 2210382, "typical_volume": 1914463.2, "trend": 24.488585, "fair_value": 19.56983, "relative_strength": -17.036922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.54121, "energy": 43.803215, "activity_lines": [ 22.298003, 22.447574, 22.914316, 23.600935 ] }, { "date": "2025-02-28", "close": 16.940538, "volume": 7126995, "typical_volume": 2210379.85, "trend": 24.161193, "fair_value": 19.563606, "relative_strength": -33.25783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.62194, "energy": 87.823678, "activity_lines": [ 20.41703, 21.43748, 22.299453, 23.113965 ] }, { "date": "2025-03-07", "close": 16.312021, "volume": 3526425, "typical_volume": 2307061.8, "trend": 23.86586, "fair_value": 19.555899, "relative_strength": -33.309662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.701717, "energy": 96.741249, "activity_lines": [ 18.730507, 20.411853, 21.668924, 22.607566 ] }, { "date": "2025-03-14", "close": 15.693321, "volume": 3879363, "typical_volume": 2368075.85, "trend": 23.507626, "fair_value": 19.53586, "relative_strength": -33.898862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.508176, "energy": 96.771339, "activity_lines": [ 17.31503, 19.389796, 21.026048, 22.080306 ] }, { "date": "2025-03-21", "close": 15.570343, "volume": 4738144, "typical_volume": 2481380.2, "trend": 23.172936, "fair_value": 19.51873, "relative_strength": -34.972048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.624976, "energy": 93.837983, "activity_lines": [ 16.333224, 18.468405, 20.40761, 21.568223 ] }, { "date": "2025-03-28", "close": 15.43229, "volume": 3953571, "typical_volume": 2555832.8, "trend": 22.798196, "fair_value": 19.506467, "relative_strength": -35.325031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.358145, "energy": 91.22692, "activity_lines": [ 15.739158, 17.641818, 19.807942, 21.068826 ] }, { "date": "2025-04-04", "close": 14.032043, "volume": 3744958, "typical_volume": 2660021.8, "trend": 22.401497, "fair_value": 19.490583, "relative_strength": -38.126149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.974412, "energy": 94.610469, "activity_lines": [ 15.086604, 16.686448, 19.11273, 20.503268 ] }, { "date": "2025-04-11", "close": 15.452012, "volume": 5050689, "typical_volume": 2825310.25, "trend": 22.013755, "fair_value": 19.485262, "relative_strength": -31.02788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.082125, "energy": 67.744805, "activity_lines": [ 15.101274, 16.152305, 18.600507, 20.054914 ] }, { "date": "2025-04-18", "close": 15.185767, "volume": 3698923, "typical_volume": 2881086.25, "trend": 21.570306, "fair_value": 19.477444, "relative_strength": -33.077898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.252252, "energy": 66.143208, "activity_lines": [ 15.084529, 15.715558, 18.10336, 19.614399 ] }, { "date": "2025-04-25", "close": 15.294238, "volume": 2234142, "typical_volume": 2900637.65, "trend": 21.152588, "fair_value": 19.46892, "relative_strength": -33.140657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.252202, "energy": 64.162756, "activity_lines": [ 15.137778, 15.437214, 17.664602, 19.209491 ] }, { "date": "2025-05-02", "close": 15.99436, "volume": 4625620, "typical_volume": 2961734.55, "trend": 20.794632, "fair_value": 19.469085, "relative_strength": -31.649246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.62038, "energy": 55.038087, "activity_lines": [ 15.442808, 15.409483, 17.339083, 18.876702 ] }, { "date": "2025-05-09", "close": 15.97464, "volume": 3508803, "typical_volume": 2909582.35, "trend": 20.453086, "fair_value": 19.474539, "relative_strength": -30.971866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.304198, "energy": 48.535382, "activity_lines": [ 15.703793, 15.479292, 17.046823, 18.565735 ] }, { "date": "2025-05-16", "close": 16.240881, "volume": 3276031, "typical_volume": 3053137.6, "trend": 20.124671, "fair_value": 19.484621, "relative_strength": -30.141829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.805466, "energy": 39.207989, "activity_lines": [ 15.924019, 15.61507, 16.810379, 18.29398 ] }, { "date": "2025-05-23", "close": 15.343542, "volume": 3559764, "typical_volume": 3193632.65, "trend": 19.859968, "fair_value": 19.490289, "relative_strength": -33.513139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.881435, "energy": 37.973262, "activity_lines": [ 15.792541, 15.588988, 16.519211, 17.98552 ] }, { "date": "2025-05-30", "close": 15.442151, "volume": 3861747, "typical_volume": 3307786.75, "trend": 19.632269, "fair_value": 19.496164, "relative_strength": -32.99069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.029112, "energy": 43.19539, "activity_lines": [ 15.683414, 15.587195, 16.27132, 17.7005 ] }, { "date": "2025-06-06", "close": 15.747839, "volume": 3747465, "typical_volume": 3419233.3, "trend": 19.378095, "fair_value": 19.510997, "relative_strength": -31.652413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.650192, "energy": 40.640712, "activity_lines": [ 15.666322, 15.643313, 16.084557, 17.449891 ] }, { "date": "2025-06-13", "close": 16.300049, "volume": 3651752, "typical_volume": 3535504.15, "trend": 19.119415, "fair_value": 19.534178, "relative_strength": -28.831795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.233118, "energy": 36.322319, "activity_lines": [ 15.849735, 15.794095, 15.981832, 17.251308 ] }, { "date": "2025-06-20", "close": 15.97464, "volume": 5337888, "typical_volume": 3738892.95, "trend": 18.853815, "fair_value": 19.550221, "relative_strength": -29.233813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.87204, "energy": 30.186723, "activity_lines": [ 15.902984, 15.844475, 15.880019, 17.048419 ] }, { "date": "2025-06-27", "close": 13.923573, "volume": 6498752, "typical_volume": 3974104.95, "trend": 18.475327, "fair_value": 19.554639, "relative_strength": -37.69385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.82222, "energy": 44.715348, "activity_lines": [ 15.290293, 15.512432, 15.618565, 16.730339 ] }, { "date": "2025-07-04", "close": 14.357453, "volume": 8329123, "typical_volume": 4328026.85, "trend": 18.118175, "fair_value": 19.557759, "relative_strength": -35.773943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.916324, "energy": 45.73374, "activity_lines": [ 14.916894, 15.282225, 15.440764, 16.46467 ] }, { "date": "2025-07-11", "close": 13.282617, "volume": 5717188, "typical_volume": 4503367.15, "trend": 17.781828, "fair_value": 19.558311, "relative_strength": -39.766611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.696727, "energy": 69.186153, "activity_lines": [ 14.25753, 14.873626, 15.197357, 16.152698 ] }, { "date": "2025-07-18", "close": 13.045955, "volume": 9164727, "typical_volume": 4605253.75, "trend": 17.470982, "fair_value": 19.552782, "relative_strength": -41.272636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.968178, "energy": 82.412452, "activity_lines": [ 13.683626, 14.471302, 14.970808, 15.847158 ] }, { "date": "2025-07-25", "close": 13.272756, "volume": 5432441, "typical_volume": 4700554.55, "trend": 17.156894, "fair_value": 19.545176, "relative_strength": -38.797874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.12263, "energy": 79.505462, "activity_lines": [ 13.402262, 14.163463, 14.784405, 15.576305 ] }, { "date": "2025-08-01", "close": 13.055816, "volume": 4146152, "typical_volume": 4713894.0, "trend": 16.84343, "fair_value": 19.534476, "relative_strength": -38.889668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.681307, "energy": 79.766696, "activity_lines": [ 13.22871, 13.870146, 14.591814, 15.311719 ] }, { "date": "2025-08-08", "close": 13.943295, "volume": 5073633, "typical_volume": 4730668.45, "trend": 16.56937, "fair_value": 19.529525, "relative_strength": -34.972677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.718333, "energy": 53.755789, "activity_lines": [ 13.408836, 13.779784, 14.496304, 15.124613 ] }, { "date": "2025-08-15", "close": 14.722306, "volume": 7785990, "typical_volume": 4922289.4, "trend": 16.315057, "fair_value": 19.524822, "relative_strength": -31.445412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.010355, "energy": 36.245641, "activity_lines": [ 13.876242, 13.858313, 14.482733, 15.005448 ] }, { "date": "2025-08-22", "close": 13.874269, "volume": 7927543, "typical_volume": 5131418.65, "trend": 16.010871, "fair_value": 19.515351, "relative_strength": -34.742728, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.203391, "energy": 28.84097, "activity_lines": [ 13.964989, 13.801299, 14.391778, 14.847978 ] }, { "date": "2025-08-29", "close": 11.004751, "volume": 52896798, "typical_volume": 7523724.1, "trend": 15.595322, "fair_value": 19.491625, "relative_strength": -47.388953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.397657, "energy": 49.133852, "activity_lines": [ 13.04201, 13.266659, 14.028287, 14.525002 ] }, { "date": "2025-09-05", "close": 10.275045, "volume": 9758018, "typical_volume": 7826678.85, "trend": 15.177381, "fair_value": 19.464012, "relative_strength": -49.446645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.970041, "energy": 68.067881, "activity_lines": [ 12.026996, 12.689708, 13.616478, 14.181759 ] }, { "date": "2025-09-12", "close": 10.038384, "volume": 6568165, "typical_volume": 8043380.0, "trend": 14.776104, "fair_value": 19.438716, "relative_strength": -49.641186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.026268, "energy": 89.977156, "activity_lines": [ 11.11848, 12.136064, 13.205514, 13.85021 ] }, { "date": "2025-09-19", "close": 10.176436, "volume": 9596545, "typical_volume": 8291926.25, "trend": 14.396778, "fair_value": 19.417896, "relative_strength": -47.377014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.680541, "energy": 89.388343, "activity_lines": [ 10.516308, 11.686049, 12.832725, 13.553458 ] }, { "date": "2025-09-26", "close": 11.310439, "volume": 9259381, "typical_volume": 8579455.15, "trend": 14.209108, "fair_value": 19.405076, "relative_strength": -40.517028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.205272, "energy": 86.490436, "activity_lines": [ 10.595195, 11.498692, 12.595641, 13.354339 ] }, { "date": "2025-10-03", "close": 11.132943, "volume": 4165839, "typical_volume": 8623945.55, "trend": 14.036472, "fair_value": 19.384179, "relative_strength": -41.693609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.14875, "energy": 78.618106, "activity_lines": [ 10.785839, 11.310618, 12.363863, 13.155877 ] }, { "date": "2025-10-10", "close": 11.31738, "volume": 5134433, "typical_volume": 8702679.0, "trend": 13.890607, "fair_value": 19.368076, "relative_strength": -39.478516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.653056, "energy": 55.619091, "activity_lines": [ 11.029416, 11.194984, 12.173974, 12.980451 ] }, { "date": "2025-10-17", "close": 11.964942, "volume": 5740922, "typical_volume": 8796637.75, "trend": 13.770427, "fair_value": 19.355325, "relative_strength": -35.19211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.352632, "energy": 36.312016, "activity_lines": [ 11.419358, 11.228696, 12.06493, 12.856215 ] }, { "date": "2025-10-24", "close": 11.935054, "volume": 7887300, "typical_volume": 9003629.5, "trend": 13.653853, "fair_value": 19.340661, "relative_strength": -34.597084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.182796, "energy": 27.838941, "activity_lines": [ 11.6709, 11.292944, 11.969598, 12.737804 ] }, { "date": "2025-10-31", "close": 11.646142, "volume": 3804804, "typical_volume": 9011282.1, "trend": 13.574322, "fair_value": 19.323284, "relative_strength": -34.300879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.461439, "energy": 22.851646, "activity_lines": [ 11.708897, 11.35534, 11.864906, 12.608274 ] }, { "date": "2025-11-07", "close": 10.918881, "volume": 2853609, "typical_volume": 8887068.15, "trend": 13.423218, "fair_value": 19.297311, "relative_strength": -36.65562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.106531, "energy": 27.882534, "activity_lines": [ 11.482093, 11.326018, 11.713113, 12.436955 ] }, { "date": "2025-11-14", "close": 10.908918, "volume": 3710695, "typical_volume": 8747665.3, "trend": 13.280656, "fair_value": 19.275024, "relative_strength": -34.673878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.188248, "energy": 36.590167, "activity_lines": [ 11.266239, 11.296446, 11.584446, 12.274742 ] }, { "date": "2025-11-21", "close": 10.938806, "volume": 4006833, "typical_volume": 8531550.8, "trend": 13.135475, "fair_value": 19.249793, "relative_strength": -31.74438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.146672, "energy": 40.765104, "activity_lines": [ 11.087579, 11.260783, 11.472981, 12.123655 ] }, { "date": "2025-11-28", "close": 12.662316, "volume": 4074460, "typical_volume": 8449414.4, "trend": 13.024407, "fair_value": 19.235181, "relative_strength": -21.593762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.314519, "energy": 20.451628, "activity_lines": [ 11.551831, 11.522114, 11.541939, 12.093129 ] }, { "date": "2025-12-05", "close": 12.363441, "volume": 2440360, "typical_volume": 8113196.05, "trend": 12.904034, "fair_value": 19.224677, "relative_strength": -22.395914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.080606, "energy": 10.326193, "activity_lines": [ 11.867974, 11.683907, 11.585386, 12.050486 ] }, { "date": "2025-12-12", "close": 12.512879, "volume": 3264698, "typical_volume": 8004808.9, "trend": 12.779767, "fair_value": 19.215868, "relative_strength": -20.887306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.461315, "energy": 15.528003, "activity_lines": [ 12.186109, 11.853724, 11.646316, 12.02525 ] }, { "date": "2025-12-19", "close": 12.64239, "volume": 11300850, "typical_volume": 8362543.8, "trend": 12.689729, "fair_value": 19.211271, "relative_strength": -18.234873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.916754, "energy": 23.880448, "activity_lines": [ 12.441148, 12.022, 11.723199, 12.016387 ] }, { "date": "2025-12-26", "close": 13.00104, "volume": 1648925, "typical_volume": 8191308.4, "trend": 12.608359, "fair_value": 19.207621, "relative_strength": -16.135066, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.178317, "energy": 50.949172, "activity_lines": [ 12.700173, 12.231393, 11.836207, 12.036472 ] }, { "date": "2026-01-02", "close": 13.289952, "volume": 1646923, "typical_volume": 7884355.05, "trend": 12.526429, "fair_value": 19.206191, "relative_strength": -12.79149, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.466089, "energy": 57.453373, "activity_lines": [ 12.918019, 12.474477, 11.981218, 12.080445 ] }, { "date": "2026-01-09", "close": 13.708377, "volume": 2497696, "typical_volume": 7612862.7, "trend": 12.44004, "fair_value": 19.198899, "relative_strength": -8.83823, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.313839, "energy": 64.925291, "activity_lines": [ 13.233498, 12.769005, 12.1729, 12.1567 ] }, { "date": "2026-01-16", "close": 14.445601, "volume": 3410389, "typical_volume": 5138542.25, "trend": 12.389072, "fair_value": 19.197377, "relative_strength": -4.810896, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.087021, "energy": 74.951413, "activity_lines": [ 13.705056, 13.160078, 12.435583, 12.286091 ] }, { "date": "2026-01-23", "close": 13.668527, "volume": 2208236, "typical_volume": 4761053.15, "trend": 12.38057, "fair_value": 19.187554, "relative_strength": -8.251697, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.929502, "energy": 68.353659, "activity_lines": [ 13.788741, 13.345742, 12.607874, 12.368637 ] }, { "date": "2026-01-30", "close": 14.744475, "volume": 3037992, "typical_volume": 4584544.5, "trend": 12.393471, "fair_value": 19.175591, "relative_strength": 0.116306, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.796655, "energy": 86.666174, "activity_lines": [ 14.162666, 13.676859, 12.866478, 12.521147 ] }, { "date": "2026-02-06", "close": 14.276238, "volume": 2501284, "typical_volume": 4229781.45, "trend": 12.426592, "fair_value": 19.164008, "relative_strength": -0.074043, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.45569, "energy": 78.833432, "activity_lines": [ 14.264283, 13.853648, 13.058077, 12.642615 ] }, { "date": "2026-02-13", "close": 14.485451, "volume": 2605047, "typical_volume": 3897064.75, "trend": 12.474575, "fair_value": 19.152475, "relative_strength": 0.138514, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.889428, "energy": 63.376162, "activity_lines": [ 14.369886, 14.039131, 13.250078, 12.775445 ] }, { "date": "2026-02-20", "close": 13.887701, "volume": 3173594, "typical_volume": 3847452.5, "trend": 12.495073, "fair_value": 19.140615, "relative_strength": -4.515216, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.664242, "energy": 50.73537, "activity_lines": [ 14.224433, 14.077351, 13.370032, 12.866615 ] }, { "date": "2026-02-27", "close": 15.601249, "volume": 6539994, "typical_volume": 3917730.55, "trend": 12.579921, "fair_value": 19.143304, "relative_strength": 6.380971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.511008, "energy": 58.463646, "activity_lines": [ 14.687357, 14.402128, 13.640062, 13.067013 ] }, { "date": "2026-03-06", "close": 15.551435, "volume": 3606553, "typical_volume": 3811012.1, "trend": 12.633526, "fair_value": 19.142724, "relative_strength": 10.599696, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.22834, "energy": 59.399213, "activity_lines": [ 15.004828, 14.66405, 13.88495, 13.258724 ] }, { "date": "2026-03-13", "close": 14.465526, "volume": 2525573, "typical_volume": 3542925.75, "trend": 12.624966, "fair_value": 19.13635, "relative_strength": 6.100775, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.016791, "energy": 49.644778, "activity_lines": [ 14.906531, 14.682164, 14.009339, 13.376917 ] }, { "date": "2026-03-20", "close": 13.69, "volume": 3513333, "typical_volume": 3528352.2, "trend": 12.618824, "fair_value": 19.125064, "relative_strength": 3.08522, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.501093, "energy": 38.390221, "activity_lines": [ 14.537107, 14.537899, 14.047818, 13.445629 ] }, { "date": "2026-03-27", "close": 14.24, "volume": 2472758, "typical_volume": 3509309.65, "trend": 12.726666, "fair_value": 19.109148, "relative_strength": 6.459493, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.141958, "energy": 25.951403, "activity_lines": [ 14.404046, 14.493968, 14.128945, 13.550221 ] }, { "date": "2026-04-03", "close": 13.15, "volume": 1967117, "typical_volume": 3422130.75, "trend": 12.822497, "fair_value": 19.084947, "relative_strength": -2.057148, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.686523, "energy": 18.057212, "activity_lines": [ 13.884166, 14.255594, 14.090449, 13.577533 ] }, { "date": "2026-04-10", "close": 14.19, "volume": 2470106, "typical_volume": 3345294.4, "trend": 12.960885, "fair_value": 19.065436, "relative_strength": 1.740499, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.018153, "energy": 18.892664, "activity_lines": [ 13.874368, 14.215738, 14.140328, 13.665759 ] }, { "date": "2026-04-17", "close": 12.71, "volume": 3416191, "typical_volume": 3312380.95, "trend": 13.045337, "fair_value": 19.034337, "relative_strength": -8.139468, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.091882, "energy": 12.844825, "activity_lines": [ 13.462, 13.916872, 14.033772, 13.649573 ] }, { "date": "2026-04-24", "close": 13.69, "volume": 2890944, "typical_volume": 3334910.15, "trend": 13.124655, "fair_value": 19.009458, "relative_strength": 1.204391, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.806026, "energy": 14.716707, "activity_lines": [ 13.493333, 13.824666, 14.020324, 13.691164 ] }, { "date": "2026-05-01", "close": 13.8, "volume": 2943113, "typical_volume": 3318830.9, "trend": 13.213557, "fair_value": 18.98615, "relative_strength": 3.144967, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.535912, "energy": 10.819703, "activity_lines": [ 13.561333, 13.766922, 14.011034, 13.734735 ] }, { "date": "2026-05-08", "close": 13.51, "volume": 2706087, "typical_volume": 2889092.75, "trend": 13.286645, "fair_value": 18.96024, "relative_strength": 1.311926, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.02013, "energy": 10.635769, "activity_lines": [ 13.562, 13.658045, 13.967996, 13.75386 ] }, { "date": "2026-05-15", "close": 13.31, "volume": 2429497, "typical_volume": 2928121.35, "trend": 13.33148, "fair_value": 18.931999, "relative_strength": 1.644137, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.690429, "energy": 7.100429, "activity_lines": [ 13.472, 13.550828, 13.901779, 13.755367 ] }, { "date": "2026-05-22", "close": 13.65, "volume": 2993277, "typical_volume": 2995439.05, "trend": 13.388645, "fair_value": 18.908161, "relative_strength": 4.266618, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.453448, "energy": 10.35292, "activity_lines": [ 13.554, 13.546182, 13.866472, 13.775916 ] }, { "date": "2026-05-29", "close": 13.8, "volume": 1140719, "typical_volume": 2927590.2, "trend": 13.46044, "fair_value": 18.883431, "relative_strength": 4.84437, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.078431, "energy": 10.62241, "activity_lines": [ 13.623333, 13.583636, 13.843735, 13.802455 ] }, { "date": "2026-06-05", "close": 13.89, "volume": 2360055, "typical_volume": 2875073.5, "trend": 13.559477, "fair_value": 18.857178, "relative_strength": 7.158927, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.694423, "energy": 7.532953, "activity_lines": [ 13.715333, 13.635455, 13.829135, 13.830169 ] }, { "date": "2026-06-12", "close": 15.69, "volume": 423953, "typical_volume": 2785859.35, "trend": 13.718847, "fair_value": 18.839003, "relative_strength": 18.775719, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.162557, "energy": 39.010329, "activity_lines": [ 14.401333, 14.020909, 13.988608, 13.967622 ] }, { "date": "2026-06-19", "close": 16.209999, "volume": 3021146, "typical_volume": 2785017.05, "trend": 13.894553, "fair_value": 18.830093, "relative_strength": 22.434937, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.049676, "energy": 68.484474, "activity_lines": [ 15.115333, 14.454727, 14.187979, 14.128341 ] }, { "date": "2026-06-26", "close": 16.73, "volume": 667624, "typical_volume": 2693334.05, "trend": 14.030143, "fair_value": 18.8226, "relative_strength": 26.847493, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.068882, "energy": 83.003218, "activity_lines": [ 15.809333, 14.946363, 14.429895, 14.311274 ] }, { "date": "2026-07-03", "close": 16.440001, "volume": 296881, "typical_volume": 2577925.75, "trend": 14.166028, "fair_value": 18.819242, "relative_strength": 23.219365, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.535447, "energy": 84.214573, "activity_lines": [ 16.201333, 15.312182, 14.632508, 14.466748 ] }, { "date": "2026-07-10", "close": 15.6, "volume": 2242122, "typical_volume": 2531352.15, "trend": 14.268932, "fair_value": 18.802962, "relative_strength": 17.099788, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.395453, "energy": 80.599563, "activity_lines": [ 16.137333, 15.475273, 14.745813, 14.559263 ] }, { "date": "2026-07-17", "close": 16.309999, "volume": 2029310, "typical_volume": 2305817.95, "trend": 14.391186, "fair_value": 18.791541, "relative_strength": 21.993713, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.720586, "energy": 78.160727, "activity_lines": [ 16.196, 15.734727, 14.918583, 14.690944 ] }, { "date": "2026-07-24", "close": 15.83, "volume": 3035438, "typical_volume": 2277262.2, "trend": 14.485484, "fair_value": 18.772163, "relative_strength": 18.323915, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.599426, "energy": 49.813092, "activity_lines": [ 16.053333, 15.856, 15.042264, 14.783771 ] }, { "date": "2026-07-31", "close": 16.09, "volume": 2284757, "typical_volume": 2265221.4, "trend": 14.578819, "fair_value": 18.756181, "relative_strength": 17.106457, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.844371, "energy": 43.599798, "activity_lines": [ 16.022667, 15.978727, 15.189381, 14.887288 ] }, { "date": "2026-08-07", "close": 17.299999, "volume": 3021921, "typical_volume": 2240650.8, "trend": 14.69854, "fair_value": 18.742519, "relative_strength": 21.580486, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.926403, "energy": 56.018314, "activity_lines": [ 16.438, 16.277091, 15.444, 15.062848 ] } ], "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." } } }