{ "ticker": { "uuid": "d25080f4-3d23-4728-b23c-96883f4c03c9", "symbol": "WAGA", "name": "Waga Energy SA", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 82.093, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 20.792, "architecture_energy": 7.976, "architecture_maturity": 35.393, "architecture_confidence": 57.671, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 60.02, "rotation_up": 40.25, "upward_expansion": 52.69, "deceleration": 67.31, "rotation_down": 20.82, "downward_expansion": 26.02 }, "activity_lines": [ 23.163333, 23.172727, 23.125952, 23.126989 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.333333 }, "latest_close": 23.1, "trend_reference": 23.056667, "distance_from_trend": 0.001879, "trend_direction": "Improving", "fair_value": 19.844872, "distance_from_fair_value": 0.164029, "fair_value_direction": "Improving", "relative_strength": -4.597179, "relative_strength_direction": "Weakening", "price_momentum": 0.05, "excess_performance": -0.003311, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001879, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011701, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.164029, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.04794, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.045972, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.057518, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.05, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.614597, "read": "Demand-led" } ], "volume": { "latest": 4347, "relative_activity": 1.451467, "balance": 2.614597, "dry_up": 1.252296, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.030969, "annualized_volatility": 0.120947, "from_high_reference": -0.057143, "from_low_reference": 0.092199 }, "levels": { "trend_reference": 23.056667, "fair_value_reference": 19.844872, "structural_low": 21.299999, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.002502, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.010106, "regime_survival": 0.75, "best_return": 0.019824, "worst_return": -0.013043, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.021752, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.018574, "regime_survival": 0.5, "best_return": 0.032634, "worst_return": 0.01087, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.104895, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.008924, "regime_survival": 0.0, "best_return": 0.104895, "worst_return": 0.104895, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-26", "end": "2024-02-23", "tenure": "Developing", "return": -0.230769, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-01", "end": "2024-10-11", "tenure": "Extended", "return": 0.022864, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": 0.049887, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.112994, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2025-02-07", "tenure": "Developing", "return": -0.121437, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-05-09", "tenure": "Established", "return": 0.074126, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.09589, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": 0.238532, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-08-22", "tenure": "Developing", "return": -0.013761, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-05", "tenure": "New", "return": 0.002331, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-02-06", "tenure": "Established", "return": 0.023256, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": 0.058957, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": -0.018987, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.004348, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 29.549999, "volume": 8590, "typical_volume": 20032.65, "trend": 26.325, "fair_value": 29.542632, "relative_strength": 1.556816, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.153613, "energy": 43.567251, "activity_lines": [ 28.89, 28.658181, 27.455, 26.70914 ] }, { "date": "2023-08-25", "close": 28.9, "volume": 7448, "typical_volume": 19777.6, "trend": 26.348333, "fair_value": 29.535938, "relative_strength": -1.022669, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.416151, "energy": 40.859593, "activity_lines": [ 28.933333, 28.743636, 27.724047, 26.875269 ] }, { "date": "2023-09-01", "close": 27.799999, "volume": 23124, "typical_volume": 20207.6, "trend": 26.326666, "fair_value": 29.518041, "relative_strength": -5.146313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.904825, "energy": 37.309093, "activity_lines": [ 28.599999, 28.578181, 27.85619, 26.968924 ] }, { "date": "2023-09-08", "close": 29.1, "volume": 9375, "typical_volume": 19740.0, "trend": 26.35, "fair_value": 29.513776, "relative_strength": 0.540181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.715406, "energy": 35.111107, "activity_lines": [ 28.766666, 28.688181, 28.086904, 27.147849 ] }, { "date": "2023-09-15", "close": 27.35, "volume": 5818, "typical_volume": 17815.55, "trend": 26.345, "fair_value": 29.491919, "relative_strength": -6.498658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.507926, "energy": 19.927523, "activity_lines": [ 28.26, 28.474545, 28.118095, 27.212365 ] }, { "date": "2023-09-22", "close": 26.75, "volume": 10148, "typical_volume": 17463.65, "trend": 26.33, "fair_value": 29.4645, "relative_strength": -5.324765, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.135554, "energy": 16.771953, "activity_lines": [ 27.663333, 28.141818, 28.075238, 27.238494 ] }, { "date": "2023-09-29", "close": 24.1, "volume": 30398, "typical_volume": 17683.3, "trend": 26.25, "fair_value": 29.411386, "relative_strength": -13.185319, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -17.375504, "energy": 25.388335, "activity_lines": [ 26.37, 27.364545, 27.758333, 27.094623 ] }, { "date": "2023-10-06", "close": 24.450001, "volume": 11101, "typical_volume": 17297.9, "trend": 26.183333, "fair_value": 29.362745, "relative_strength": -10.577004, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -35.285373, "energy": 53.163834, "activity_lines": [ 25.513334, 26.735455, 27.467381, 26.978494 ] }, { "date": "2023-10-13", "close": 25.549999, "volume": 8142, "typical_volume": 15906.95, "trend": 26.176666, "fair_value": 29.325728, "relative_strength": -5.266348, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.324556, "energy": 57.12785, "activity_lines": [ 25.246667, 26.385454, 27.273095, 26.937634 ] }, { "date": "2023-10-20", "close": 23.25, "volume": 11121, "typical_volume": 14163.1, "trend": 26.11, "fair_value": 29.267308, "relative_strength": -10.76348, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.240276, "energy": 66.865834, "activity_lines": [ 24.45, 25.657273, 26.862619, 26.748817 ] }, { "date": "2023-10-27", "close": 22.0, "volume": 9876, "typical_volume": 13719.1, "trend": 26.025, "fair_value": 29.198095, "relative_strength": -14.638725, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.936758, "energy": 73.758872, "activity_lines": [ 23.51, 24.806364, 26.347857, 26.483656 ] }, { "date": "2023-11-03", "close": 23.0, "volume": 20557, "typical_volume": 14010.0, "trend": 26.053333, "fair_value": 29.139623, "relative_strength": -13.34799, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.634709, "energy": 67.192006, "activity_lines": [ 23.22, 24.274545, 25.95, 26.288494 ] }, { "date": "2023-11-10", "close": 24.6, "volume": 10611, "typical_volume": 13173.3, "trend": 26.123333, "fair_value": 29.097196, "relative_strength": -6.733584, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.213128, "energy": 52.414089, "activity_lines": [ 23.536667, 24.140909, 25.719286, 26.194731 ] }, { "date": "2023-11-17", "close": 23.25, "volume": 22949, "typical_volume": 12941.75, "trend": 26.158333, "fair_value": 29.043056, "relative_strength": -13.562322, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.239222, "energy": 50.167523, "activity_lines": [ 23.393333, 23.82, 25.385476, 26.009355 ] }, { "date": "2023-11-24", "close": 23.0, "volume": 23143, "typical_volume": 13455.55, "trend": 26.131666, "fair_value": 28.987615, "relative_strength": -14.634336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.419153, "energy": 45.6614, "activity_lines": [ 23.32, 23.56, 25.054286, 25.805591 ] }, { "date": "2023-12-01", "close": 22.049999, "volume": 21511, "typical_volume": 13514.45, "trend": 26.126666, "fair_value": 28.924546, "relative_strength": -18.061158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.277798, "energy": 48.697603, "activity_lines": [ 22.946666, 23.206363, 24.650714, 25.542258 ] }, { "date": "2023-12-08", "close": 23.0, "volume": 17507, "typical_volume": 13965.25, "trend": 26.141666, "fair_value": 28.871171, "relative_strength": -15.902183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.721124, "energy": 45.730448, "activity_lines": [ 22.886666, 23.110909, 24.369762, 25.340537 ] }, { "date": "2023-12-15", "close": 25.35, "volume": 28175, "typical_volume": 14985.5, "trend": 26.228333, "fair_value": 28.839732, "relative_strength": -7.613511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.553548, "energy": 29.200949, "activity_lines": [ 23.61, 23.462727, 24.34, 25.289462 ] }, { "date": "2023-12-22", "close": 24.5, "volume": 14383, "typical_volume": 15071.7, "trend": 26.173333, "fair_value": 28.801327, "relative_strength": -9.845361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.015258, "energy": 22.424547, "activity_lines": [ 24.0, 23.643636, 24.245714, 25.177957 ] }, { "date": "2023-12-29", "close": 25.450001, "volume": 6014, "typical_volume": 14999.55, "trend": 26.143333, "fair_value": 28.77193, "relative_strength": -5.510738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.273883, "energy": 19.970622, "activity_lines": [ 24.623334, 24.016364, 24.257381, 25.13129 ] }, { "date": "2024-01-05", "close": 23.0, "volume": 9914, "typical_volume": 15065.75, "trend": 26.025, "fair_value": 28.721739, "relative_strength": -12.736064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.699759, "energy": 23.63415, "activity_lines": [ 24.266667, 23.903636, 24.052619, 24.928495 ] }, { "date": "2024-01-12", "close": 23.65, "volume": 25136, "typical_volume": 15950.15, "trend": 25.943333, "fair_value": 28.678017, "relative_strength": -10.531821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.17167, "energy": 15.513609, "activity_lines": [ 24.063334, 23.890909, 23.940952, 24.775269 ] }, { "date": "2024-01-19", "close": 24.75, "volume": 16342, "typical_volume": 15611.05, "trend": 25.77, "fair_value": 28.644445, "relative_strength": -4.82377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.232138, "energy": 10.421754, "activity_lines": [ 24.183333, 24.066364, 23.959048, 24.69828 ] }, { "date": "2024-01-26", "close": 26.0, "volume": 40079, "typical_volume": 17146.25, "trend": 25.676666, "fair_value": 28.622034, "relative_strength": -3.155127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.74188, "energy": 3.24456, "activity_lines": [ 24.76, 24.466364, 24.110714, 24.713118 ] }, { "date": "2024-02-02", "close": 24.1, "volume": 24513, "typical_volume": 18081.0, "trend": 25.586667, "fair_value": 28.584034, "relative_strength": -9.361094, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.004232, "energy": 9.332688, "activity_lines": [ 24.603333, 24.470909, 24.09619, 24.611398 ] }, { "date": "2024-02-09", "close": 22.700001, "volume": 49119, "typical_volume": 20029.55, "trend": 25.383333, "fair_value": 28.535, "relative_strength": -14.768262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.6416, "energy": 16.427835, "activity_lines": [ 24.07, 24.200909, 23.96381, 24.425161 ] }, { "date": "2024-02-16", "close": 21.299999, "volume": 57318, "typical_volume": 21375.55, "trend": 25.135, "fair_value": 28.475207, "relative_strength": -20.829593, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.089643, "energy": 38.767994, "activity_lines": [ 23.09, 23.664545, 23.717381, 24.16172 ] }, { "date": "2024-02-23", "close": 20.0, "volume": 64761, "typical_volume": 24058.55, "trend": 24.841667, "fair_value": 28.405738, "relative_strength": -26.997392, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.708708, "energy": 65.528724, "activity_lines": [ 21.833333, 22.922727, 23.360476, 23.83043 ] }, { "date": "2024-03-01", "close": 16.620001, "volume": 209946, "typical_volume": 34148.75, "trend": 24.470667, "fair_value": 28.309919, "relative_strength": -38.566941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.055716, "energy": 83.422507, "activity_lines": [ 19.766667, 21.663637, 22.702857, 23.3 ] }, { "date": "2024-03-08", "close": 17.68, "volume": 38901, "typical_volume": 35537.75, "trend": 24.093333, "fair_value": 28.224194, "relative_strength": -34.876185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.664582, "energy": 84.058503, "activity_lines": [ 18.678667, 20.740546, 22.188714, 22.861893 ] }, { "date": "2024-03-15", "close": 15.9, "volume": 58267, "typical_volume": 37957.3, "trend": 23.638333, "fair_value": 28.1256, "relative_strength": -41.825016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.603878, "energy": 90.159615, "activity_lines": [ 17.425333, 19.635091, 21.531572, 22.33329 ] }, { "date": "2024-03-22", "close": 13.2, "volume": 132676, "typical_volume": 43563.25, "trend": 23.115, "fair_value": 28.007143, "relative_strength": -51.073608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.215728, "energy": 95.060609, "activity_lines": [ 15.725333, 18.167818, 20.646333, 21.65985 ] }, { "date": "2024-03-29", "close": 15.9, "volume": 187011, "typical_volume": 52383.25, "trend": 22.718333, "fair_value": 27.911811, "relative_strength": -40.967575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.128559, "energy": 83.702533, "activity_lines": [ 15.465333, 17.381455, 20.064905, 21.194366 ] }, { "date": "2024-04-05", "close": 15.3, "volume": 106035, "typical_volume": 56537.55, "trend": 22.258333, "fair_value": 27.813281, "relative_strength": -41.792975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.579175, "energy": 77.078499, "activity_lines": [ 15.278667, 16.646909, 19.467762, 20.715763 ] }, { "date": "2024-04-12", "close": 16.139999, "volume": 56461, "typical_volume": 58203.45, "trend": 21.884667, "fair_value": 27.722791, "relative_strength": -37.852122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.48447, "energy": 60.296994, "activity_lines": [ 15.46, 16.259636, 18.988476, 20.321032 ] }, { "date": "2024-04-19", "close": 15.76, "volume": 42811, "typical_volume": 59268.45, "trend": 21.518333, "fair_value": 27.630769, "relative_strength": -39.053895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.627764, "energy": 52.322645, "activity_lines": [ 15.617333, 15.948, 18.505667, 19.925892 ] }, { "date": "2024-04-26", "close": 16.559999, "volume": 45871, "typical_volume": 60686.65, "trend": 21.267, "fair_value": 27.54626, "relative_strength": -36.050463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.129296, "energy": 42.499169, "activity_lines": [ 16.050666, 15.908, 18.129, 19.606 ] }, { "date": "2024-05-03", "close": 16.280001, "volume": 20343, "typical_volume": 60295.05, "trend": 20.994667, "fair_value": 27.460909, "relative_strength": -35.736197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.974477, "energy": 37.949281, "activity_lines": [ 16.166667, 15.903273, 17.756333, 19.284258 ] }, { "date": "2024-05-10", "close": 16.4, "volume": 27803, "typical_volume": 60966.05, "trend": 20.689667, "fair_value": 27.377744, "relative_strength": -36.924255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.019102, "energy": 36.143999, "activity_lines": [ 16.297333, 15.988, 17.438286, 18.987828 ] }, { "date": "2024-05-17", "close": 15.88, "volume": 50097, "typical_volume": 63170.2, "trend": 20.444, "fair_value": 27.29194, "relative_strength": -38.127213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.867832, "energy": 35.37804, "activity_lines": [ 16.181333, 15.982182, 17.109286, 18.677527 ] }, { "date": "2024-05-24", "close": 15.68, "volume": 56314, "typical_volume": 65490.2, "trend": 20.233333, "fair_value": 27.205926, "relative_strength": -37.735768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.682033, "energy": 38.942869, "activity_lines": [ 16.016, 15.972727, 16.806809, 18.370172 ] }, { "date": "2024-05-31", "close": 17.940001, "volume": 105914, "typical_volume": 69529.1, "trend": 20.064667, "fair_value": 27.137794, "relative_strength": -27.230853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.581313, "energy": 28.063668, "activity_lines": [ 16.609334, 16.378182, 16.754429, 18.222215 ] }, { "date": "2024-06-07", "close": 18.379999, "volume": 123849, "typical_volume": 74904.45, "trend": 19.857333, "fair_value": 27.073869, "relative_strength": -24.881204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.488697, "energy": 13.963019, "activity_lines": [ 17.257333, 16.777455, 16.771143, 18.113527 ] }, { "date": "2024-06-14", "close": 16.6, "volume": 71025, "typical_volume": 76451.75, "trend": 19.635667, "fair_value": 26.997971, "relative_strength": -27.042672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.923654, "energy": 16.367482, "activity_lines": [ 17.172, 16.808, 16.648667, 17.903376 ] }, { "date": "2024-06-21", "close": 17.200001, "volume": 47775, "typical_volume": 77614.85, "trend": 19.442333, "fair_value": 26.927482, "relative_strength": -24.727775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.753371, "energy": 17.932763, "activity_lines": [ 17.273334, 16.924, 16.628095, 17.746237 ] }, { "date": "2024-06-28", "close": 16.0, "volume": 36458, "typical_volume": 76981.8, "trend": 19.240667, "fair_value": 26.849429, "relative_strength": -27.770077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.40708, "energy": 16.818914, "activity_lines": [ 16.886667, 16.802546, 16.526095, 17.524151 ] }, { "date": "2024-07-05", "close": 16.48, "volume": 36908, "typical_volume": 75961.3, "trend": 19.023333, "fair_value": 26.775887, "relative_strength": -26.733765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.055781, "energy": 24.725784, "activity_lines": [ 16.638667, 16.764, 16.501714, 17.346043 ] }, { "date": "2024-07-12", "close": 15.5, "volume": 35224, "typical_volume": 74484.45, "trend": 18.695, "fair_value": 26.696479, "relative_strength": -30.661128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.709436, "energy": 32.645747, "activity_lines": [ 16.161333, 16.548727, 16.406952, 17.118731 ] }, { "date": "2024-07-19", "close": 15.34, "volume": 31569, "typical_volume": 65565.6, "trend": 18.389667, "fair_value": 26.617063, "relative_strength": -28.781194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.064488, "energy": 40.101031, "activity_lines": [ 15.822667, 16.318546, 16.318381, 16.90228 ] }, { "date": "2024-07-26", "close": 16.0, "volume": 28278, "typical_volume": 65034.45, "trend": 18.074667, "fair_value": 26.543333, "relative_strength": -24.677196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.805581, "energy": 37.481657, "activity_lines": [ 15.788, 16.227636, 16.298762, 16.748108 ] }, { "date": "2024-08-02", "close": 15.86, "volume": 20426, "typical_volume": 63142.4, "trend": 17.836667, "fair_value": 26.469655, "relative_strength": -21.743161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.281766, "energy": 35.032813, "activity_lines": [ 15.786667, 16.109091, 16.27381, 16.605226 ] }, { "date": "2024-08-09", "close": 15.86, "volume": 38653, "typical_volume": 58441.25, "trend": 17.577, "fair_value": 26.396986, "relative_strength": -20.973886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.966734, "energy": 28.903943, "activity_lines": [ 15.794667, 15.987273, 16.249048, 16.477699 ] }, { "date": "2024-08-16", "close": 15.92, "volume": 12546, "typical_volume": 49718.0, "trend": 17.282667, "fair_value": 26.325714, "relative_strength": -21.504592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.539775, "energy": 23.637451, "activity_lines": [ 15.864, 15.914182, 16.217333, 16.370796 ] }, { "date": "2024-08-23", "close": 15.24, "volume": 15592, "typical_volume": 45195.85, "trend": 16.924, "fair_value": 26.250811, "relative_strength": -25.069017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.449616, "energy": 27.952537, "activity_lines": [ 15.678667, 15.762182, 16.120762, 16.239011 ] }, { "date": "2024-08-30", "close": 14.7, "volume": 28837, "typical_volume": 43814.65, "trend": 16.610667, "fair_value": 26.173289, "relative_strength": -27.252994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.03465, "energy": 37.354177, "activity_lines": [ 15.32, 15.536727, 15.973048, 16.095527 ] }, { "date": "2024-09-06", "close": 15.98, "volume": 53663, "typical_volume": 44357.25, "trend": 16.386667, "fair_value": 26.105333, "relative_strength": -16.806425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.435895, "energy": 28.807652, "activity_lines": [ 15.474667, 15.589455, 15.954095, 16.054839 ] }, { "date": "2024-09-13", "close": 15.9, "volume": 79266, "typical_volume": 46027.0, "trend": 16.206667, "fair_value": 26.037748, "relative_strength": -17.518066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.586046, "energy": 28.999262, "activity_lines": [ 15.594667, 15.628, 15.926476, 16.023441 ] }, { "date": "2024-09-20", "close": 16.08, "volume": 68198, "typical_volume": 48419.75, "trend": 16.076, "fair_value": 25.972237, "relative_strength": -15.985592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.887029, "energy": 16.360639, "activity_lines": [ 15.772, 15.709818, 15.919143, 16.015269 ] }, { "date": "2024-09-27", "close": 14.52, "volume": 48664, "typical_volume": 49462.8, "trend": 16.006, "fair_value": 25.897386, "relative_strength": -26.131787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.988363, "energy": 28.962858, "activity_lines": [ 15.418667, 15.497455, 15.76419, 15.914882 ] }, { "date": "2024-10-04", "close": 13.7, "volume": 119790, "typical_volume": 52947.45, "trend": 15.873333, "fair_value": 25.818182, "relative_strength": -27.073665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.89526, "energy": 57.164289, "activity_lines": [ 14.84, 15.150909, 15.540095, 15.766108 ] }, { "date": "2024-10-11", "close": 17.0, "volume": 127875, "typical_volume": 56525.5, "trend": 15.91, "fair_value": 25.76129, "relative_strength": -8.956348, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.700616, "energy": 15.911501, "activity_lines": [ 15.428, 15.446182, 15.640667, 15.838796 ] }, { "date": "2024-10-18", "close": 17.639999, "volume": 44091, "typical_volume": 53434.35, "trend": 16.058, "fair_value": 25.709231, "relative_strength": -5.1554, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.931493, "energy": 13.520629, "activity_lines": [ 16.161333, 15.837091, 15.795905, 15.950409 ] }, { "date": "2024-10-25", "close": 18.52, "volume": 34407, "typical_volume": 48962.25, "trend": 16.145333, "fair_value": 25.664487, "relative_strength": 1.72464, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.092426, "energy": 47.478069, "activity_lines": [ 17.072, 16.355636, 16.036381, 16.109247 ] }, { "date": "2024-11-01", "close": 17.700001, "volume": 51418, "typical_volume": 47981.9, "trend": 16.225333, "fair_value": 25.586923, "relative_strength": -0.932804, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.020632, "energy": 45.125116, "activity_lines": [ 17.546667, 16.677818, 16.198095, 16.209548 ] }, { "date": "2024-11-08", "close": 15.74, "volume": 53535, "typical_volume": 48269.9, "trend": 16.212, "fair_value": 25.51218, "relative_strength": -10.091554, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.456999, "energy": 40.604773, "activity_lines": [ 17.156, 16.598909, 16.167905, 16.178237 ] }, { "date": "2024-11-15", "close": 15.7, "volume": 46492, "typical_volume": 48771.6, "trend": 16.21, "fair_value": 25.432051, "relative_strength": -8.692264, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.359903, "energy": 14.838495, "activity_lines": [ 16.616, 16.493818, 16.140857, 16.145204 ] }, { "date": "2024-11-22", "close": 16.139999, "volume": 29793, "typical_volume": 48415.85, "trend": 16.196, "fair_value": 25.35218, "relative_strength": -5.228239, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.747856, "energy": 5.218683, "activity_lines": [ 16.309333, 16.473818, 16.157143, 16.140688 ] }, { "date": "2024-11-29", "close": 15.52, "volume": 66198, "typical_volume": 49964.55, "trend": 16.170667, "fair_value": 25.27859, "relative_strength": -7.972412, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.712226, "energy": 17.984266, "activity_lines": [ 15.896, 16.336727, 16.116, 16.097075 ] }, { "date": "2024-12-06", "close": 15.0, "volume": 50090, "typical_volume": 50890.6, "trend": 16.124, "fair_value": 25.208077, "relative_strength": -12.605344, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.281213, "energy": 29.873201, "activity_lines": [ 15.509333, 16.115273, 16.025238, 16.021548 ] }, { "date": "2024-12-13", "close": 15.0, "volume": 25986, "typical_volume": 50776.0, "trend": 16.094667, "fair_value": 25.127949, "relative_strength": -11.433889, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.036954, "energy": 41.635427, "activity_lines": [ 15.302667, 15.885091, 15.936095, 15.949032 ] }, { "date": "2024-12-20", "close": 15.9, "volume": 43336, "typical_volume": 51921.5, "trend": 16.102, "fair_value": 25.058718, "relative_strength": -3.523255, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.248561, "energy": 32.297262, "activity_lines": [ 15.445333, 15.794909, 15.937429, 15.936473 ] }, { "date": "2024-12-27", "close": 15.98, "volume": 7122, "typical_volume": 50344.95, "trend": 16.036667, "fair_value": 24.979744, "relative_strength": -3.116202, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.110759, "energy": 21.945578, "activity_lines": [ 15.601333, 15.739273, 15.94619, 15.928602 ] }, { "date": "2025-01-03", "close": 16.379999, "volume": 9948, "typical_volume": 50215.05, "trend": 15.97, "fair_value": 24.893077, "relative_strength": 1.043136, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.091281, "energy": 3.134261, "activity_lines": [ 15.901333, 15.786545, 15.992476, 15.950753 ] }, { "date": "2025-01-10", "close": 16.120001, "volume": 37060, "typical_volume": 51288.45, "trend": 15.954, "fair_value": 24.815641, "relative_strength": -1.704037, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.551479, "energy": 11.96687, "activity_lines": [ 16.057333, 15.825455, 16.011809, 15.96043 ] }, { "date": "2025-01-17", "close": 15.56, "volume": 53828, "typical_volume": 52538.0, "trend": 15.899333, "fair_value": 24.735897, "relative_strength": -7.468931, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.641284, "energy": 7.170679, "activity_lines": [ 15.952, 15.791273, 15.973619, 15.935011 ] }, { "date": "2025-01-24", "close": 14.84, "volume": 66706, "typical_volume": 53190.15, "trend": 15.860667, "fair_value": 24.651539, "relative_strength": -12.999329, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.875843, "energy": 15.107318, "activity_lines": [ 15.569333, 15.629455, 15.862762, 15.866667 ] }, { "date": "2025-01-31", "close": 15.24, "volume": 36533, "typical_volume": 51053.5, "trend": 15.819333, "fair_value": 24.554359, "relative_strength": -9.895133, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.090756, "energy": 29.793958, "activity_lines": [ 15.390667, 15.556, 15.795429, 15.826624 ] }, { "date": "2025-02-07", "close": 14.18, "volume": 96480, "typical_volume": 52467.6, "trend": 15.775333, "fair_value": 24.450385, "relative_strength": -15.493791, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.529371, "energy": 66.998543, "activity_lines": [ 14.908, 15.306182, 15.630286, 15.72086 ] }, { "date": "2025-02-14", "close": 14.3, "volume": 97261, "typical_volume": 54897.45, "trend": 15.740667, "fair_value": 24.349103, "relative_strength": -16.158979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.131482, "energy": 72.05502, "activity_lines": [ 14.612, 15.102545, 15.485619, 15.625677 ] }, { "date": "2025-02-21", "close": 14.36, "volume": 72146, "typical_volume": 52515.25, "trend": 15.686, "fair_value": 24.248846, "relative_strength": -14.971455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.94406, "energy": 72.343552, "activity_lines": [ 14.457333, 14.922545, 15.347714, 15.536602 ] }, { "date": "2025-02-28", "close": 14.08, "volume": 31893, "typical_volume": 47716.15, "trend": 15.626667, "fair_value": 24.139103, "relative_strength": -15.908392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.056262, "energy": 77.501504, "activity_lines": [ 14.289333, 14.703273, 15.18, 15.432989 ] }, { "date": "2025-03-07", "close": 10.88, "volume": 167153, "typical_volume": 53869.25, "trend": 15.460667, "fair_value": 23.989615, "relative_strength": -34.567701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.726169, "energy": 94.539194, "activity_lines": [ 13.105333, 13.935273, 14.721429, 15.126753 ] }, { "date": "2025-03-14", "close": 12.4, "volume": 214952, "typical_volume": 62896.5, "trend": 15.343333, "fair_value": 23.84859, "relative_strength": -24.280456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.015106, "energy": 82.679313, "activity_lines": [ 12.718667, 13.536364, 14.43981, 14.92929 ] }, { "date": "2025-03-21", "close": 12.0, "volume": 67477, "typical_volume": 63699.45, "trend": 15.235333, "fair_value": 23.712692, "relative_strength": -26.768819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.848501, "energy": 85.962003, "activity_lines": [ 12.317333, 13.137091, 14.149238, 14.713591 ] }, { "date": "2025-03-28", "close": 10.38, "volume": 71571, "typical_volume": 64601.25, "trend": 15.091333, "fair_value": 23.541731, "relative_strength": -35.257008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.092103, "energy": 93.726634, "activity_lines": [ 11.529333, 12.518182, 13.731524, 14.400344 ] }, { "date": "2025-04-04", "close": 9.67, "volume": 127604, "typical_volume": 68656.85, "trend": 14.881, "fair_value": 23.358205, "relative_strength": -34.013714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.326549, "energy": 90.259295, "activity_lines": [ 10.77, 11.864364, 13.271714, 14.050581 ] }, { "date": "2025-04-11", "close": 11.8, "volume": 270368, "typical_volume": 80685.6, "trend": 14.744333, "fair_value": 23.191538, "relative_strength": -17.271094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.718555, "energy": 59.656205, "activity_lines": [ 11.014667, 11.691818, 13.043476, 13.851806 ] }, { "date": "2025-04-18", "close": 13.44, "volume": 147610, "typical_volume": 84756.2, "trend": 14.656333, "fair_value": 23.046603, "relative_strength": -8.009207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.580095, "energy": 47.549235, "activity_lines": [ 11.744667, 11.88, 12.992095, 13.767656 ] }, { "date": "2025-04-25", "close": 13.62, "volume": 113989, "typical_volume": 87951.15, "trend": 14.626333, "fair_value": 22.905385, "relative_strength": -9.666564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.229486, "energy": 27.124281, "activity_lines": [ 12.465333, 12.114364, 12.967762, 13.700796 ] }, { "date": "2025-05-02", "close": 13.76, "volume": 66427, "typical_volume": 89973.2, "trend": 14.628333, "fair_value": 22.769231, "relative_strength": -11.254246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.824401, "energy": 25.088254, "activity_lines": [ 13.124667, 12.386545, 12.963333, 13.644903 ] }, { "date": "2025-05-09", "close": 15.36, "volume": 91308, "typical_volume": 92371.8, "trend": 14.573667, "fair_value": 22.642692, "relative_strength": -0.581705, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.706432, "energy": 21.442603, "activity_lines": [ 14.092, 12.960545, 13.11719, 13.692108 ] }, { "date": "2025-05-16", "close": 14.6, "volume": 65926, "typical_volume": 95312.0, "trend": 14.472333, "fair_value": 22.517051, "relative_strength": -7.130248, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.298077, "energy": 20.932547, "activity_lines": [ 14.426667, 13.373091, 13.201238, 13.693806 ] }, { "date": "2025-05-23", "close": 16.0, "volume": 88588, "typical_volume": 99244.0, "trend": 14.388333, "fair_value": 22.396538, "relative_strength": 3.647352, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.254123, "energy": 33.902004, "activity_lines": [ 15.041333, 13.972545, 13.42519, 13.792366 ] }, { "date": "2025-05-30", "close": 17.440001, "volume": 84226, "typical_volume": 101602.3, "trend": 14.379667, "fair_value": 22.274359, "relative_strength": 12.714991, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.333231, "energy": 52.073353, "activity_lines": [ 15.965334, 14.768364, 13.788095, 13.989247 ] }, { "date": "2025-06-06", "close": 23.049999, "volume": 492623, "typical_volume": 123542.05, "trend": 14.623333, "fair_value": 22.201603, "relative_strength": 47.031536, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 67.459847, "energy": 79.222899, "activity_lines": [ 18.504667, 16.485273, 14.679, 14.548624 ] }, { "date": "2025-06-13", "close": 21.6, "volume": 319016, "typical_volume": 136157.55, "trend": 14.82, "fair_value": 22.146474, "relative_strength": 39.140028, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 84.871077, "energy": 92.564502, "activity_lines": [ 19.941333, 17.708182, 15.396143, 14.998731 ] }, { "date": "2025-06-20", "close": 21.799999, "volume": 94127, "typical_volume": 139037.25, "trend": 15.008667, "fair_value": 22.084615, "relative_strength": 41.355333, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.560838, "energy": 91.311439, "activity_lines": [ 21.028666, 18.750545, 16.100143, 15.449054 ] }, { "date": "2025-06-27", "close": 21.85, "volume": 47110, "typical_volume": 136568.75, "trend": 15.219667, "fair_value": 22.021474, "relative_strength": 38.880605, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.82557, "energy": 89.518655, "activity_lines": [ 21.652666, 19.620182, 16.777667, 15.89043 ] }, { "date": "2025-07-04", "close": 21.85, "volume": 73728, "typical_volume": 135392.1, "trend": 15.448, "fair_value": 21.961538, "relative_strength": 37.898303, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.809608, "energy": 86.82687, "activity_lines": [ 21.886666, 20.336909, 17.418667, 16.318193 ] }, { "date": "2025-07-11", "close": 21.9, "volume": 64018, "typical_volume": 134985.7, "trend": 15.678, "fair_value": 21.9, "relative_strength": 34.869685, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.694575, "energy": 86.623413, "activity_lines": [ 21.843333, 20.913091, 18.028476, 16.734452 ] }, { "date": "2025-07-18", "close": 21.75, "volume": 134780, "typical_volume": 140130.05, "trend": 15.873, "fair_value": 21.834295, "relative_strength": 33.140274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.110104, "energy": 82.375531, "activity_lines": [ 21.826667, 21.314, 18.588095, 17.126193 ] }, { "date": "2025-07-25", "close": 21.6, "volume": 115947, "typical_volume": 137569.75, "trend": 16.060333, "fair_value": 21.749038, "relative_strength": 31.261127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.165893, "energy": 73.633237, "activity_lines": [ 21.75, 21.571454, 19.096905, 17.495677 ] }, { "date": "2025-08-01", "close": 21.549999, "volume": 253331, "typical_volume": 139488.7, "trend": 16.232667, "fair_value": 21.674359, "relative_strength": 35.135185, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.008878, "energy": 62.17064, "activity_lines": [ 21.67, 21.692545, 19.549905, 17.849849 ] }, { "date": "2025-08-08", "close": 21.549999, "volume": 17470, "typical_volume": 136988.35, "trend": 16.413667, "fair_value": 21.594231, "relative_strength": 30.982862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.216398, "energy": 56.686277, "activity_lines": [ 21.609999, 21.712727, 19.959333, 18.192903 ] }, { "date": "2025-08-15", "close": 21.5, "volume": 13343, "typical_volume": 134076.95, "trend": 16.611667, "fair_value": 21.510897, "relative_strength": 27.040048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.494961, "energy": 55.061358, "activity_lines": [ 21.553333, 21.649091, 20.318524, 18.521054 ] }, { "date": "2025-08-22", "close": 21.5, "volume": 20668, "typical_volume": 128730.15, "trend": 16.833667, "fair_value": 21.440385, "relative_strength": 25.527227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.010374, "energy": 54.274253, "activity_lines": [ 21.523333, 21.613636, 20.624762, 18.83643 ] }, { "date": "2025-08-29", "close": 21.450001, "volume": 51044, "typical_volume": 117763.95, "trend": 17.040667, "fair_value": 21.381731, "relative_strength": 28.568988, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.190468, "energy": 63.344476, "activity_lines": [ 21.493333, 21.570909, 20.869905, 19.134258 ] }, { "date": "2025-09-05", "close": 21.5, "volume": 19884, "typical_volume": 111377.65, "trend": 17.284667, "fair_value": 21.319551, "relative_strength": 28.64035, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 52.596966, "energy": 82.57056, "activity_lines": [ 21.49, 21.543636, 21.073857, 19.421957 ] }, { "date": "2025-09-12", "close": 21.5, "volume": 45376, "typical_volume": 107947.0, "trend": 17.524667, "fair_value": 21.245833, "relative_strength": 25.482479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.913755, "energy": 83.340255, "activity_lines": [ 21.49, 21.522727, 21.239428, 19.693914 ] }, { "date": "2025-09-19", "close": 21.549999, "volume": 10603004, "typical_volume": 634775.85, "trend": 17.764333, "fair_value": 21.184936, "relative_strength": 24.663287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.479538, "energy": 85.301703, "activity_lines": [ 21.51, 21.517273, 21.372238, 19.953613 ] }, { "date": "2025-09-26", "close": 21.65, "volume": 36218, "typical_volume": 632021.35, "trend": 18.016667, "fair_value": 21.11859, "relative_strength": 24.008576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.150915, "energy": 91.500111, "activity_lines": [ 21.56, 21.536363, 21.477476, 20.204301 ] }, { "date": "2025-10-03", "close": 21.700001, "volume": 38886, "typical_volume": 630669.35, "trend": 18.377333, "fair_value": 21.092308, "relative_strength": 20.147283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.870703, "energy": 71.27093, "activity_lines": [ 21.616667, 21.566364, 21.557524, 20.441935 ] }, { "date": "2025-10-10", "close": 21.700001, "volume": 1661833, "typical_volume": 709331.6, "trend": 18.687333, "fair_value": 21.049679, "relative_strength": 22.106393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.354118, "energy": 66.765404, "activity_lines": [ 21.656667, 21.594546, 21.603762, 20.656301 ] }, { "date": "2025-10-17", "close": 22.049999, "volume": 168810, "typical_volume": 713560.8, "trend": 19.022333, "fair_value": 21.001603, "relative_strength": 19.79649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.076488, "energy": 76.508809, "activity_lines": [ 21.8, 21.683636, 21.65619, 20.873247 ] }, { "date": "2025-10-24", "close": 22.1, "volume": 37219, "typical_volume": 690790.6, "trend": 19.413, "fair_value": 20.950962, "relative_strength": 19.09714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.07713, "energy": 75.511418, "activity_lines": [ 21.923333, 21.772727, 21.691429, 21.071806 ] }, { "date": "2025-10-31", "close": 22.200001, "volume": 13544, "typical_volume": 675517.0, "trend": 19.830667, "fair_value": 20.902564, "relative_strength": 20.821375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.766983, "energy": 75.115248, "activity_lines": [ 22.043334, 21.869091, 21.740714, 21.251613 ] }, { "date": "2025-11-07", "close": 22.200001, "volume": 45253, "typical_volume": 673073.3, "trend": 20.177333, "fair_value": 20.848077, "relative_strength": 22.742831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.031725, "energy": 72.010031, "activity_lines": [ 22.126667, 21.952728, 21.787143, 21.404473 ] }, { "date": "2025-11-14", "close": 22.35, "volume": 47262, "typical_volume": 673080.9, "trend": 20.474333, "fair_value": 20.797756, "relative_strength": 19.663489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.32672, "energy": 73.294633, "activity_lines": [ 22.226667, 22.05, 21.845953, 21.544645 ] }, { "date": "2025-11-21", "close": 22.0, "volume": 75582, "typical_volume": 673173.6, "trend": 20.753667, "fair_value": 20.749679, "relative_strength": 20.018953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.239941, "energy": 66.039564, "activity_lines": [ 22.166667, 22.068182, 21.869048, 21.643075 ] }, { "date": "2025-11-28", "close": 22.15, "volume": 194000, "typical_volume": 679672.7, "trend": 21.033333, "fair_value": 20.691667, "relative_strength": 18.177825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.089671, "energy": 57.707446, "activity_lines": [ 22.16, 22.104546, 21.905714, 21.733161 ] }, { "date": "2025-12-05", "close": 22.4, "volume": 1101939, "typical_volume": 728030.65, "trend": 21.268, "fair_value": 20.638782, "relative_strength": 18.89507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.249571, "energy": 60.037725, "activity_lines": [ 22.233333, 22.175455, 21.965, 21.821333 ] }, { "date": "2025-12-12", "close": 21.6, "volume": 312569, "typical_volume": 737861.75, "trend": 21.501333, "fair_value": 20.592308, "relative_strength": 14.684198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.948253, "energy": 20.691581, "activity_lines": [ 22.026667, 22.087273, 21.945, 21.842753 ] }, { "date": "2025-12-19", "close": 21.549999, "volume": 29328, "typical_volume": 726661.6, "trend": 21.686333, "fair_value": 20.549038, "relative_strength": 12.831306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.016988, "energy": 10.005007, "activity_lines": [ 21.843333, 21.991818, 21.920238, 21.845892 ] }, { "date": "2025-12-26", "close": 22.700001, "volume": 11917, "typical_volume": 726383.95, "trend": 21.861667, "fair_value": 20.511859, "relative_strength": 18.939836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.024125, "energy": 27.138889, "activity_lines": [ 22.096667, 22.108182, 22.005, 21.91129 ] }, { "date": "2026-01-02", "close": 23.5, "volume": 12028, "typical_volume": 726318.2, "trend": 21.876667, "fair_value": 20.483013, "relative_strength": 21.143296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.917602, "energy": 45.461434, "activity_lines": [ 22.57, 22.358182, 22.160476, 22.016989 ] }, { "date": "2026-01-09", "close": 23.5, "volume": 265557, "typical_volume": 738562.65, "trend": 21.94, "fair_value": 20.465705, "relative_strength": 18.110566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.054993, "energy": 71.59556, "activity_lines": [ 22.953333, 22.582727, 22.306429, 22.121721 ] }, { "date": "2026-01-16", "close": 23.0, "volume": 6936, "typical_volume": 736357.25, "trend": 21.98, "fair_value": 20.43141, "relative_strength": 16.320582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.222425, "energy": 70.92666, "activity_lines": [ 23.096667, 22.692727, 22.395238, 22.190108 ] }, { "date": "2026-01-23", "close": 22.5, "volume": 11390, "typical_volume": 735932.55, "trend": 22.001667, "fair_value": 20.394872, "relative_strength": 14.591077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.74195, "energy": 62.558778, "activity_lines": [ 22.98, 22.697273, 22.429048, 22.223656 ] }, { "date": "2026-01-30", "close": 22.9, "volume": 14127, "typical_volume": 734370.1, "trend": 22.036667, "fair_value": 20.359295, "relative_strength": 16.031565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.455943, "energy": 37.939189, "activity_lines": [ 22.933333, 22.771818, 22.496191, 22.281613 ] }, { "date": "2026-02-06", "close": 22.0, "volume": 3791, "typical_volume": 204409.45, "trend": 22.04, "fair_value": 20.318269, "relative_strength": 8.728631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.728206, "energy": 13.12052, "activity_lines": [ 22.573333, 22.666364, 22.470952, 22.279247 ] }, { "date": "2026-02-13", "close": 22.049999, "volume": 8858, "typical_volume": 203041.45, "trend": 22.05, "fair_value": 20.283333, "relative_strength": 7.712784, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.324032, "energy": 15.462707, "activity_lines": [ 22.33, 22.572727, 22.448333, 22.279892 ] }, { "date": "2026-02-20", "close": 22.049999, "volume": 4660, "typical_volume": 201330.15, "trend": 22.065, "fair_value": 20.25032, "relative_strength": 4.45986, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.355568, "energy": 16.096197, "activity_lines": [ 22.183333, 22.485454, 22.423809, 22.279892 ] }, { "date": "2026-02-27", "close": 23.700001, "volume": 25086, "typical_volume": 119492.8, "trend": 22.136667, "fair_value": 20.232372, "relative_strength": 10.542621, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.461842, "energy": 20.25997, "activity_lines": [ 22.65, 22.69, 22.554762, 22.385376 ] }, { "date": "2026-03-06", "close": 23.6, "volume": 14023, "typical_volume": 111753.45, "trend": 22.205, "fair_value": 20.214103, "relative_strength": 16.714536, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.453138, "energy": 29.449552, "activity_lines": [ 23.003333, 22.837273, 22.666667, 22.479785 ] }, { "date": "2026-03-13", "close": 23.35, "volume": 14560, "typical_volume": 110620.5, "trend": 22.266667, "fair_value": 20.198718, "relative_strength": 15.439799, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.395715, "energy": 41.63404, "activity_lines": [ 23.226667, 22.922727, 22.747381, 22.553656 ] }, { "date": "2026-03-20", "close": 23.700001, "volume": 6869, "typical_volume": 110286.75, "trend": 22.34, "fair_value": 20.188782, "relative_strength": 19.491094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.278266, "energy": 53.584724, "activity_lines": [ 23.476667, 23.074546, 22.855476, 22.646129 ] }, { "date": "2026-03-27", "close": 23.549999, "volume": 4524, "typical_volume": 108250.3, "trend": 22.41, "fair_value": 20.182372, "relative_strength": 16.660475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.487953, "energy": 51.886029, "activity_lines": [ 23.566667, 23.195454, 22.942143, 22.724194 ] }, { "date": "2026-04-03", "close": 23.5, "volume": 3277, "typical_volume": 106051.05, "trend": 22.476667, "fair_value": 20.191026, "relative_strength": 11.280604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.342015, "energy": 46.127525, "activity_lines": [ 23.54, 23.297273, 23.017619, 22.794516 ] }, { "date": "2026-04-10", "close": 23.450001, "volume": 2800, "typical_volume": 102411.95, "trend": 22.541667, "fair_value": 20.197115, "relative_strength": 6.141272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.850205, "energy": 36.16793, "activity_lines": [ 23.51, 23.371818, 23.082857, 22.857312 ] }, { "date": "2026-04-17", "close": 23.25, "volume": 4179, "typical_volume": 92920.9, "trend": 22.598333, "fair_value": 20.203846, "relative_strength": 2.494223, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.153545, "energy": 27.359047, "activity_lines": [ 23.423334, 23.4, 23.122143, 22.903011 ] }, { "date": "2026-04-24", "close": 23.0, "volume": 3442, "typical_volume": 37996.05, "trend": 22.643333, "fair_value": 20.198718, "relative_strength": 3.962933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.351283, "energy": 18.004999, "activity_lines": [ 23.26, 23.36, 23.132381, 22.928925 ] }, { "date": "2026-05-01", "close": 23.1, "volume": 2973, "typical_volume": 22516.25, "trend": 22.69, "fair_value": 20.204487, "relative_strength": 4.173241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.536322, "energy": 14.489166, "activity_lines": [ 23.176667, 23.320909, 23.149286, 22.958387 ] }, { "date": "2026-05-08", "close": 22.549999, "volume": 4480, "typical_volume": 21273.85, "trend": 22.718333, "fair_value": 20.204487, "relative_strength": 1.154648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.845986, "energy": 12.22987, "activity_lines": [ 22.94, 23.162727, 23.106667, 22.949355 ] }, { "date": "2026-05-15", "close": 22.6, "volume": 5433, "typical_volume": 20949.65, "trend": 22.736667, "fair_value": 20.203526, "relative_strength": 2.706828, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.172763, "energy": 12.258831, "activity_lines": [ 22.783333, 23.034545, 23.064048, 22.94172 ] }, { "date": "2026-05-22", "close": 22.700001, "volume": 3515, "typical_volume": 20524.0, "trend": 22.756667, "fair_value": 20.18141, "relative_strength": 0.577672, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.036178, "energy": 14.574672, "activity_lines": [ 22.716667, 22.942727, 23.031429, 22.939355 ] }, { "date": "2026-05-29", "close": 23.200001, "volume": 3410, "typical_volume": 7416.65, "trend": 22.79, "fair_value": 20.161218, "relative_strength": 1.533109, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.116415, "energy": 13.575915, "activity_lines": [ 22.853334, 22.953637, 23.050238, 22.967957 ] }, { "date": "2026-06-05", "close": 23.299999, "volume": 1156, "typical_volume": 7127.65, "trend": 22.826667, "fair_value": 20.140385, "relative_strength": 1.62038, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.197421, "energy": 12.680749, "activity_lines": [ 23.01, 22.991818, 23.08, 23.00086 ] }, { "date": "2026-06-12", "close": 23.4, "volume": 786, "typical_volume": 6597.45, "trend": 22.861667, "fair_value": 20.123077, "relative_strength": 0.441657, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.933223, "energy": 21.000101, "activity_lines": [ 23.186667, 23.052727, 23.117857, 23.037849 ] }, { "date": "2026-06-19", "close": 23.15, "volume": 281, "typical_volume": 5905.15, "trend": 22.9, "fair_value": 20.079487, "relative_strength": -1.37679, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.97447, "energy": 22.808916, "activity_lines": [ 23.223333, 23.07, 23.127619, 23.056452 ] }, { "date": "2026-06-26", "close": 23.0, "volume": 545, "typical_volume": 5742.85, "trend": 22.928333, "fair_value": 20.042308, "relative_strength": -1.525572, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.94992, "energy": 18.483345, "activity_lines": [ 23.173333, 23.065455, 23.121905, 23.062903 ] }, { "date": "2026-07-03", "close": 23.200001, "volume": 631, "typical_volume": 5331.5, "trend": 22.955, "fair_value": 20.019231, "relative_strength": -2.031719, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.091716, "energy": 18.854236, "activity_lines": [ 23.17, 23.101818, 23.130476, 23.08043 ] }, { "date": "2026-07-10", "close": 23.299999, "volume": 3464, "typical_volume": 5271.7, "trend": 23.011667, "fair_value": 19.983974, "relative_strength": 0.387883, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.267247, "energy": 19.841127, "activity_lines": [ 23.2, 23.152727, 23.143095, 23.102688 ] }, { "date": "2026-07-17", "close": 23.049999, "volume": 1672, "typical_volume": 4101.0, "trend": 23.061667, "fair_value": 19.947436, "relative_strength": -0.676217, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.585305, "energy": 10.922976, "activity_lines": [ 23.146666, 23.154545, 23.125952, 23.105161 ] }, { "date": "2026-07-24", "close": 23.25, "volume": 6360, "typical_volume": 3717.85, "trend": 23.08, "fair_value": 19.911859, "relative_strength": -0.228721, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.065971, "energy": 14.427384, "activity_lines": [ 23.183333, 23.183636, 23.130952, 23.117312 ] }, { "date": "2026-07-31", "close": 23.200001, "volume": 2623, "typical_volume": 3121.0, "trend": 23.07, "fair_value": 19.882692, "relative_strength": -1.962611, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.225593, "energy": 17.01248, "activity_lines": [ 23.196667, 23.191818, 23.132857, 23.125054 ] }, { "date": "2026-08-07", "close": 23.1, "volume": 4347, "typical_volume": 2994.9, "trend": 23.056667, "fair_value": 19.844872, "relative_strength": -4.597179, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.792419, "energy": 7.975585, "activity_lines": [ 23.163333, 23.172727, 23.125952, 23.126989 ] } ], "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." } } }