{ "ticker": { "uuid": "d25feb24-0eb8-4cdd-8c47-3dfb530657a9", "symbol": "HBLK", "name": "Blockchain Technologies ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 0.157, "architecture_energy": 20.127, "architecture_maturity": 49.841, "architecture_confidence": 75.951, "architecture_tenure": "New", "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": 58.77, "rotation_up": 14.25, "upward_expansion": 41.97, "deceleration": 86.36, "rotation_down": 45.22, "downward_expansion": 35.97 }, "activity_lines": [ 24.048, 24.906727, 25.315238, 24.490215 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 23.799999, "trend_reference": 23.553667, "distance_from_trend": 0.010458, "trend_direction": "Improving", "fair_value": 18.490385, "distance_from_fair_value": 0.287155, "fair_value_direction": "Weakening", "relative_strength": -11.994587, "relative_strength_direction": "Weakening", "price_momentum": 0.19418, "excess_performance": 0.073758, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010458, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028185, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.287155, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.224111, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.119946, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.165983, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.19418, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.738189, "read": "Supply-led" } ], "volume": { "latest": 4500, "relative_activity": 0.464636, "balance": 0.738189, "dry_up": 0.887971, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.083678, "annualized_volatility": 0.42275, "from_high_reference": -0.278351, "from_low_reference": 0.3171 }, "levels": { "trend_reference": 23.553667, "fair_value_reference": 18.490385, "structural_low": 18.370001, "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": 12, "median_return": 0.015988, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.012267, "regime_survival": 0.5, "best_return": 0.240892, "worst_return": -0.187848, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.066313, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.091366, "regime_survival": 0.166667, "best_return": 0.100372, "worst_return": -0.30268, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.11263, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.000915, "regime_survival": 0.0, "best_return": 0.528122, "worst_return": -0.331897, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.248029, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.068722, "regime_survival": 0.333333, "best_return": 0.49857, "worst_return": -0.596003, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-10-25", "tenure": "New", "return": 0.097624, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2025-01-03", "tenure": "Developing", "return": 0.223166, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-03-07", "tenure": "Developing", "return": -0.15712, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.127845, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.304446, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-27", "tenure": "New", "return": 0.107738, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.057256, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-11-21", "tenure": "Established", "return": 0.084429, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-16", "tenure": "Developing", "return": 0.011591, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-20", "tenure": "Developing", "return": -0.154138, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-05-01", "tenure": "Developing", "return": 0.142157, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": 0.100844, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-10", "tenure": "Developing", "return": -0.00156, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.011475, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.6, "volume": 11500, "typical_volume": 10215.0, "trend": 10.489333, "fair_value": 16.08141, "relative_strength": 4.362808, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.350442, "energy": 30.187983, "activity_lines": [ 11.562, 11.749636, 11.176238, 10.84443 ] }, { "date": "2023-08-25", "close": 10.49, "volume": 8300, "typical_volume": 10460.0, "trend": 10.501667, "fair_value": 16.06968, "relative_strength": 3.341428, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.266859, "energy": 25.22379, "activity_lines": [ 11.096, 11.558364, 11.149, 10.844473 ] }, { "date": "2023-09-01", "close": 10.96, "volume": 14700, "typical_volume": 10605.0, "trend": 10.499, "fair_value": 16.065705, "relative_strength": 4.372697, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.940971, "energy": 30.025555, "activity_lines": [ 10.919333, 11.442182, 11.163381, 10.874043 ] }, { "date": "2023-09-08", "close": 10.71, "volume": 16500, "typical_volume": 11150.0, "trend": 10.531333, "fair_value": 16.059038, "relative_strength": 4.656377, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.899483, "energy": 27.448525, "activity_lines": [ 10.768667, 11.268364, 11.152238, 10.887656 ] }, { "date": "2023-09-15", "close": 10.45, "volume": 1900, "typical_volume": 10730.0, "trend": 10.541, "fair_value": 16.050256, "relative_strength": -0.359986, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.353913, "energy": 22.210486, "activity_lines": [ 10.636667, 11.052545, 11.113333, 10.882409 ] }, { "date": "2023-09-22", "close": 9.68, "volume": 12900, "typical_volume": 11185.0, "trend": 10.547333, "fair_value": 16.036923, "relative_strength": -3.547375, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.134151, "energy": 37.461071, "activity_lines": [ 10.316, 10.720364, 11.000476, 10.82686 ] }, { "date": "2023-09-29", "close": 9.7, "volume": 6500, "typical_volume": 11030.0, "trend": 10.551, "fair_value": 16.022949, "relative_strength": -1.934808, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.39158, "energy": 59.198416, "activity_lines": [ 10.063333, 10.452545, 10.891476, 10.772194 ] }, { "date": "2023-10-06", "close": 9.88, "volume": 7900, "typical_volume": 10690.0, "trend": 10.578333, "fair_value": 16.006538, "relative_strength": 1.576995, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.207025, "energy": 60.815544, "activity_lines": [ 9.923333, 10.268, 10.799524, 10.728903 ] }, { "date": "2023-10-13", "close": 9.41, "volume": 6900, "typical_volume": 10680.0, "trend": 10.561, "fair_value": 15.988333, "relative_strength": -4.139803, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.917336, "energy": 72.613477, "activity_lines": [ 9.698667, 10.047455, 10.662857, 10.653527 ] }, { "date": "2023-10-20", "close": 9.49, "volume": 35400, "typical_volume": 11750.0, "trend": 10.552, "fair_value": 15.971026, "relative_strength": -1.491453, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.880709, "energy": 72.171362, "activity_lines": [ 9.587333, 9.893818, 10.535857, 10.58443 ] }, { "date": "2023-10-27", "close": 9.42, "volume": 11200, "typical_volume": 11680.0, "trend": 10.523667, "fair_value": 15.958462, "relative_strength": -0.069913, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.821158, "energy": 75.793612, "activity_lines": [ 9.516667, 9.763455, 10.405333, 10.511398 ] }, { "date": "2023-11-03", "close": 10.31, "volume": 12100, "typical_volume": 11520.0, "trend": 10.539667, "fair_value": 15.94609, "relative_strength": 3.265331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.730159, "energy": 46.435258, "activity_lines": [ 9.76, 9.816364, 10.360524, 10.497613 ] }, { "date": "2023-11-10", "close": 10.4, "volume": 12900, "typical_volume": 11220.0, "trend": 10.533, "fair_value": 15.935, "relative_strength": 4.922095, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.539099, "energy": 29.90692, "activity_lines": [ 9.992667, 9.888909, 10.322429, 10.488602 ] }, { "date": "2023-11-17", "close": 10.92, "volume": 7400, "typical_volume": 11185.0, "trend": 10.561, "fair_value": 15.922949, "relative_strength": 7.004235, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.817536, "energy": 21.448673, "activity_lines": [ 10.364, 10.066182, 10.333333, 10.51357 ] }, { "date": "2023-11-24", "close": 11.43, "volume": 6400, "typical_volume": 10815.0, "trend": 10.598, "fair_value": 15.911282, "relative_strength": 11.907953, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 24.304725, "energy": 35.046143, "activity_lines": [ 10.804667, 10.332364, 10.39319, 10.569634 ] }, { "date": "2023-12-01", "close": 12.62, "volume": 18800, "typical_volume": 11245.0, "trend": 10.682333, "fair_value": 15.904038, "relative_strength": 20.769543, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 60.784504, "energy": 69.951887, "activity_lines": [ 11.512667, 10.797091, 10.567905, 10.700086 ] }, { "date": "2023-12-08", "close": 13.86, "volume": 14200, "typical_volume": 11545.0, "trend": 10.821667, "fair_value": 15.906987, "relative_strength": 32.309939, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.628171, "energy": 94.181383, "activity_lines": [ 12.420667, 11.433818, 10.862619, 10.905097 ] }, { "date": "2023-12-15", "close": 14.02, "volume": 28500, "typical_volume": 12590.0, "trend": 10.959333, "fair_value": 15.900705, "relative_strength": 31.386133, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.527138, "energy": 96.349252, "activity_lines": [ 13.145333, 12.024, 11.166, 11.111441 ] }, { "date": "2023-12-22", "close": 15.84, "volume": 15100, "typical_volume": 12945.0, "trend": 11.159333, "fair_value": 15.903141, "relative_strength": 44.179304, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.361458, "energy": 98.938526, "activity_lines": [ 14.235333, 12.869818, 11.635952, 11.426323 ] }, { "date": "2023-12-29", "close": 15.38, "volume": 19000, "typical_volume": 13405.0, "trend": 11.333667, "fair_value": 15.900064, "relative_strength": 37.966408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.766806, "energy": 93.746455, "activity_lines": [ 14.844, 13.515091, 12.04519, 11.698624 ] }, { "date": "2024-01-05", "close": 14.45, "volume": 9400, "typical_volume": 13300.0, "trend": 11.494667, "fair_value": 15.870962, "relative_strength": 28.55979, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.18558, "energy": 83.775847, "activity_lines": [ 14.879333, 13.884182, 12.347238, 11.899677 ] }, { "date": "2024-01-12", "close": 13.6, "volume": 12800, "typical_volume": 13525.0, "trend": 11.617333, "fair_value": 15.842564, "relative_strength": 19.955172, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.867368, "energy": 64.747527, "activity_lines": [ 14.509333, 14.007273, 12.55, 12.035505 ] }, { "date": "2024-01-19", "close": 12.86, "volume": 20100, "typical_volume": 13795.0, "trend": 11.703, "fair_value": 15.813269, "relative_strength": 13.291743, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.573, "energy": 44.711799, "activity_lines": [ 13.91, 13.936, 12.667476, 12.115677 ] }, { "date": "2024-01-26", "close": 13.4, "volume": 31900, "typical_volume": 14565.0, "trend": 11.783, "fair_value": 15.788333, "relative_strength": 16.22622, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.025616, "energy": 30.084689, "activity_lines": [ 13.568, 13.918182, 12.827333, 12.225161 ] }, { "date": "2024-02-02", "close": 13.45, "volume": 12800, "typical_volume": 15110.0, "trend": 11.839667, "fair_value": 15.753269, "relative_strength": 16.447152, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.02821, "energy": 27.317424, "activity_lines": [ 13.405333, 13.864364, 12.979143, 12.33271 ] }, { "date": "2024-02-09", "close": 15.18, "volume": 24200, "typical_volume": 15675.0, "trend": 11.911667, "fair_value": 15.697692, "relative_strength": 30.749932, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.000694, "energy": 35.247988, "activity_lines": [ 13.948, 14.088364, 13.281429, 12.548215 ] }, { "date": "2024-02-16", "close": 16.639999, "volume": 49100, "typical_volume": 17805.0, "trend": 12.050333, "fair_value": 15.642051, "relative_strength": 40.2627, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.561818, "energy": 56.333564, "activity_lines": [ 14.928666, 14.531273, 13.696571, 12.853269 ] }, { "date": "2024-02-23", "close": 16.030001, "volume": 30700, "typical_volume": 18945.0, "trend": 12.164667, "fair_value": 15.60109, "relative_strength": 32.848178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.895502, "energy": 66.494451, "activity_lines": [ 15.503333, 14.812727, 14.020571, 13.110022 ] }, { "date": "2024-03-01", "close": 16.690001, "volume": 51700, "typical_volume": 21185.0, "trend": 12.311333, "fair_value": 15.567308, "relative_strength": 35.993056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.730714, "energy": 78.951546, "activity_lines": [ 16.086667, 15.177637, 14.378143, 13.401979 ] }, { "date": "2024-03-08", "close": 16.620001, "volume": 30000, "typical_volume": 20915.0, "trend": 12.483, "fair_value": 15.521987, "relative_strength": 32.894294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.888041, "energy": 79.701755, "activity_lines": [ 16.427334, 15.514364, 14.694381, 13.679957 ] }, { "date": "2024-03-15", "close": 15.83, "volume": 20400, "typical_volume": 21375.0, "trend": 12.657333, "fair_value": 15.467885, "relative_strength": 25.042839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.662527, "energy": 58.868997, "activity_lines": [ 16.293334, 15.684909, 14.901429, 13.895893 ] }, { "date": "2024-03-22", "close": 16.52, "volume": 17600, "typical_volume": 21650.0, "trend": 12.858333, "fair_value": 15.424744, "relative_strength": 28.621065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.71521, "energy": 52.993899, "activity_lines": [ 16.346, 15.955818, 15.143667, 14.145097 ] }, { "date": "2024-03-29", "close": 17.1, "volume": 18200, "typical_volume": 21915.0, "trend": 13.063, "fair_value": 15.376795, "relative_strength": 30.91588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.943967, "energy": 54.381389, "activity_lines": [ 16.6, 16.279091, 15.411572, 14.418753 ] }, { "date": "2024-04-05", "close": 15.88, "volume": 33300, "typical_volume": 23210.0, "trend": 13.235333, "fair_value": 15.315128, "relative_strength": 20.155493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.112273, "energy": 44.82595, "activity_lines": [ 16.376, 16.303455, 15.531381, 14.600495 ] }, { "date": "2024-04-12", "close": 15.32, "volume": 12400, "typical_volume": 23510.0, "trend": 13.397667, "fair_value": 15.255128, "relative_strength": 17.146944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.896538, "energy": 35.454595, "activity_lines": [ 16.019333, 16.180909, 15.574238, 14.734989 ] }, { "date": "2024-04-19", "close": 14.82, "volume": 17900, "typical_volume": 23465.0, "trend": 13.569, "fair_value": 15.198526, "relative_strength": 13.103756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.381683, "energy": 22.219007, "activity_lines": [ 15.582667, 15.933455, 15.550953, 14.826753 ] }, { "date": "2024-04-26", "close": 15.36, "volume": 13300, "typical_volume": 23420.0, "trend": 13.757667, "fair_value": 15.141603, "relative_strength": 15.624892, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.087215, "energy": 22.244752, "activity_lines": [ 15.393333, 15.790727, 15.568619, 14.942301 ] }, { "date": "2024-05-03", "close": 14.8, "volume": 21700, "typical_volume": 23080.0, "trend": 13.921667, "fair_value": 15.087244, "relative_strength": 10.874238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.431658, "energy": 19.112207, "activity_lines": [ 15.094667, 15.569455, 15.52581, 15.009548 ] }, { "date": "2024-05-10", "close": 14.34, "volume": 7800, "typical_volume": 22715.0, "trend": 14.086, "fair_value": 15.039167, "relative_strength": 5.126464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.054467, "energy": 16.960246, "activity_lines": [ 14.796, 15.286909, 15.435476, 15.036538 ] }, { "date": "2024-05-17", "close": 14.78, "volume": 18000, "typical_volume": 22665.0, "trend": 14.262333, "fair_value": 14.998462, "relative_strength": 7.018592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.550589, "energy": 16.619485, "activity_lines": [ 14.746667, 15.127091, 15.394191, 15.081312 ] }, { "date": "2024-05-24", "close": 15.27, "volume": 12400, "typical_volume": 22815.0, "trend": 14.457333, "fair_value": 14.953974, "relative_strength": 10.624347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.807517, "energy": 13.840205, "activity_lines": [ 14.896667, 15.089818, 15.402429, 15.146323 ] }, { "date": "2024-05-31", "close": 14.69, "volume": 10000, "typical_volume": 22675.0, "trend": 14.603333, "fair_value": 14.903141, "relative_strength": 6.165656, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.708393, "energy": 15.362702, "activity_lines": [ 14.823333, 14.957273, 15.351524, 15.161333 ] }, { "date": "2024-06-07", "close": 15.7, "volume": 21200, "typical_volume": 22730.0, "trend": 14.78, "fair_value": 14.855449, "relative_strength": 14.0055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.377508, "energy": 14.620711, "activity_lines": [ 15.131333, 15.041636, 15.391619, 15.232086 ] }, { "date": "2024-06-14", "close": 16.190001, "volume": 16100, "typical_volume": 21940.0, "trend": 14.955667, "fair_value": 14.807372, "relative_strength": 18.64515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.267796, "energy": 27.131408, "activity_lines": [ 15.542667, 15.240546, 15.464857, 15.323054 ] }, { "date": "2024-06-21", "close": 16.190001, "volume": 17300, "typical_volume": 22165.0, "trend": 15.114333, "fair_value": 14.757885, "relative_strength": 18.310563, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.121892, "energy": 32.218183, "activity_lines": [ 15.830667, 15.433819, 15.52481, 15.402688 ] }, { "date": "2024-06-28", "close": 16.129999, "volume": 4100, "typical_volume": 21160.0, "trend": 15.231333, "fair_value": 14.705513, "relative_strength": 15.472879, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.919665, "energy": 42.413961, "activity_lines": [ 16.004667, 15.600364, 15.566, 15.468215 ] }, { "date": "2024-07-05", "close": 16.700001, "volume": 21300, "typical_volume": 19770.0, "trend": 15.326, "fair_value": 14.655449, "relative_strength": 17.975907, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.418788, "energy": 63.300029, "activity_lines": [ 16.311334, 15.846728, 15.656953, 15.562968 ] }, { "date": "2024-07-12", "close": 16.84, "volume": 9300, "typical_volume": 18700.0, "trend": 15.42, "fair_value": 14.613718, "relative_strength": 15.394424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.565832, "energy": 67.055914, "activity_lines": [ 16.530667, 16.094182, 15.760953, 15.660645 ] }, { "date": "2024-07-19", "close": 17.98, "volume": 17100, "typical_volume": 16970.0, "trend": 15.491333, "fair_value": 14.573526, "relative_strength": 22.4375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.659853, "energy": 77.755958, "activity_lines": [ 17.054, 16.511818, 15.969667, 15.825807 ] }, { "date": "2024-07-26", "close": 17.200001, "volume": 4200, "typical_volume": 15680.0, "trend": 15.552, "fair_value": 14.528141, "relative_strength": 16.005296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.768669, "energy": 70.416606, "activity_lines": [ 17.198, 16.721455, 16.097953, 15.936043 ] }, { "date": "2024-08-02", "close": 15.57, "volume": 5900, "typical_volume": 14955.0, "trend": 15.589334, "fair_value": 14.462372, "relative_strength": 7.489653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.461454, "energy": 35.841163, "activity_lines": [ 16.731334, 16.590728, 16.068238, 15.937205 ] }, { "date": "2024-08-09", "close": 14.95, "volume": 6000, "typical_volume": 14375.0, "trend": 15.634334, "fair_value": 14.391987, "relative_strength": 2.495489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.883756, "energy": 11.374942, "activity_lines": [ 16.095334, 16.341818, 15.980714, 15.895957 ] }, { "date": "2024-08-16", "close": 15.22, "volume": 3600, "typical_volume": 13645.0, "trend": 15.713, "fair_value": 14.322436, "relative_strength": 0.611477, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.036616, "energy": 17.35608, "activity_lines": [ 15.666, 16.137273, 15.926381, 15.869226 ] }, { "date": "2024-08-23", "close": 15.72, "volume": 4000, "typical_volume": 12180.0, "trend": 15.790334, "fair_value": 14.251603, "relative_strength": 2.444547, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.15621, "energy": 21.058554, "activity_lines": [ 15.511333, 16.032364, 15.928619, 15.869678 ] }, { "date": "2024-08-30", "close": 15.04, "volume": 6900, "typical_volume": 11905.0, "trend": 15.843333, "fair_value": 14.173718, "relative_strength": -2.554194, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.822708, "energy": 31.259716, "activity_lines": [ 15.280667, 15.812364, 15.866857, 15.821269 ] }, { "date": "2024-09-06", "close": 13.85, "volume": 6600, "typical_volume": 11340.0, "trend": 15.799, "fair_value": 14.096026, "relative_strength": -8.23831, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -69.260102, "energy": 63.438003, "activity_lines": [ 14.797333, 15.396909, 15.693095, 15.692667 ] }, { "date": "2024-09-13", "close": 15.18, "volume": 4600, "typical_volume": 10905.0, "trend": 15.750334, "fair_value": 14.026603, "relative_strength": -3.17214, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.72594, "energy": 52.321492, "activity_lines": [ 14.872, 15.264727, 15.650619, 15.652731 ] }, { "date": "2024-09-20", "close": 15.23, "volume": 2200, "typical_volume": 9930.0, "trend": 15.723667, "fair_value": 13.961218, "relative_strength": -4.479719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.15752, "energy": 46.046397, "activity_lines": [ 14.948, 15.169273, 15.613762, 15.619161 ] }, { "date": "2024-09-27", "close": 15.88, "volume": 4400, "typical_volume": 9760.0, "trend": 15.696667, "fair_value": 13.903718, "relative_strength": -1.247938, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.899011, "energy": 19.719104, "activity_lines": [ 15.24, 15.221273, 15.636762, 15.629247 ] }, { "date": "2024-10-04", "close": 15.57, "volume": 12200, "typical_volume": 9470.0, "trend": 15.661667, "fair_value": 13.839936, "relative_strength": -4.360218, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.024716, "energy": 13.790894, "activity_lines": [ 15.418, 15.255091, 15.622905, 15.621075 ] }, { "date": "2024-10-11", "close": 15.88, "volume": 3300, "typical_volume": 9015.0, "trend": 15.663333, "fair_value": 13.773718, "relative_strength": -4.137996, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.474298, "energy": 9.492661, "activity_lines": [ 15.664, 15.374909, 15.63481, 15.635161 ] }, { "date": "2024-10-18", "close": 17.360001, "volume": 12100, "typical_volume": 9120.0, "trend": 15.691333, "fair_value": 13.714808, "relative_strength": 2.720994, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.147858, "energy": 42.055076, "activity_lines": [ 16.268, 15.758182, 15.784762, 15.744624 ] }, { "date": "2024-10-25", "close": 17.09, "volume": 9500, "typical_volume": 8535.0, "trend": 15.691, "fair_value": 13.647692, "relative_strength": 2.042029, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.617904, "energy": 65.252061, "activity_lines": [ 16.636667, 16.048546, 15.896286, 15.83486 ] }, { "date": "2024-11-01", "close": 16.49, "volume": 6300, "typical_volume": 8045.0, "trend": 15.711333, "fair_value": 13.565833, "relative_strength": -1.137899, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.40756, "energy": 64.049439, "activity_lines": [ 16.681334, 16.195818, 15.944048, 15.886409 ] }, { "date": "2024-11-08", "close": 19.290001, "volume": 17500, "typical_volume": 8055.0, "trend": 15.843667, "fair_value": 13.496923, "relative_strength": 12.507378, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.810764, "energy": 85.781661, "activity_lines": [ 17.618667, 16.838182, 16.257048, 16.117291 ] }, { "date": "2024-11-15", "close": 19.950001, "volume": 85400, "typical_volume": 12120.0, "trend": 16.014667, "fair_value": 13.442436, "relative_strength": 14.912446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.336138, "energy": 89.925874, "activity_lines": [ 18.528001, 17.523273, 16.618143, 16.382215 ] }, { "date": "2024-11-22", "close": 20.799999, "volume": 17100, "typical_volume": 11910.0, "trend": 16.196, "fair_value": 13.402051, "relative_strength": 16.402909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.069516, "energy": 94.625492, "activity_lines": [ 19.449333, 18.252, 17.042, 16.690946 ] }, { "date": "2024-11-29", "close": 21.17, "volume": 12300, "typical_volume": 12060.0, "trend": 16.408334, "fair_value": 13.384744, "relative_strength": 16.865766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.740627, "energy": 93.609596, "activity_lines": [ 20.264667, 18.945818, 17.481572, 17.01185 ] }, { "date": "2024-12-06", "close": 22.27, "volume": 22900, "typical_volume": 12350.0, "trend": 16.672667, "fair_value": 13.37718, "relative_strength": 22.113075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.517694, "energy": 94.126547, "activity_lines": [ 21.174667, 19.731637, 18.005286, 17.390022 ] }, { "date": "2024-12-13", "close": 21.040001, "volume": 12300, "typical_volume": 12755.0, "trend": 16.881334, "fair_value": 13.367692, "relative_strength": 16.801187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.959402, "energy": 86.374302, "activity_lines": [ 21.289334, 20.177637, 18.391429, 17.671785 ] }, { "date": "2024-12-20", "close": 19.93, "volume": 9700, "typical_volume": 12945.0, "trend": 17.036667, "fair_value": 13.342949, "relative_strength": 13.516086, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.94709, "energy": 61.249476, "activity_lines": [ 20.917334, 20.322364, 18.653572, 17.868473 ] }, { "date": "2024-12-27", "close": 19.4, "volume": 2000, "typical_volume": 12745.0, "trend": 17.193667, "fair_value": 13.323077, "relative_strength": 9.476744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.585309, "energy": 50.706919, "activity_lines": [ 20.37, 20.297091, 18.844476, 18.020946 ] }, { "date": "2025-01-03", "close": 20.17, "volume": 19100, "typical_volume": 13520.0, "trend": 17.342667, "fair_value": 13.319744, "relative_strength": 12.218928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.304401, "energy": 35.15927, "activity_lines": [ 20.172667, 20.374727, 19.087524, 18.212968 ] }, { "date": "2025-01-10", "close": 19.030001, "volume": 11100, "typical_volume": 13875.0, "trend": 17.437334, "fair_value": 13.311282, "relative_strength": 6.83846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.080055, "energy": 23.994855, "activity_lines": [ 19.662, 20.189091, 19.198429, 18.321828 ] }, { "date": "2025-01-17", "close": 20.52, "volume": 19000, "typical_volume": 14480.0, "trend": 17.581667, "fair_value": 13.328077, "relative_strength": 13.208091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.264202, "energy": 24.73127, "activity_lines": [ 19.864, 20.228182, 19.435476, 18.52071 ] }, { "date": "2025-01-24", "close": 21.309999, "volume": 11700, "typical_volume": 14735.0, "trend": 17.754333, "fair_value": 13.350641, "relative_strength": 15.097657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.079304, "energy": 33.803144, "activity_lines": [ 20.364, 20.388545, 19.721667, 18.761247 ] }, { "date": "2025-01-31", "close": 20.0, "volume": 19700, "typical_volume": 15490.0, "trend": 17.864333, "fair_value": 13.360449, "relative_strength": 7.336041, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.51092, "energy": 30.089681, "activity_lines": [ 20.335333, 20.286, 19.847572, 18.906129 ] }, { "date": "2025-02-07", "close": 19.75, "volume": 9500, "typical_volume": 15855.0, "trend": 17.961333, "fair_value": 13.368269, "relative_strength": 6.219736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.214629, "energy": 31.233054, "activity_lines": [ 20.183333, 20.152545, 19.926714, 19.027785 ] }, { "date": "2025-02-14", "close": 19.73, "volume": 11400, "typical_volume": 16205.0, "trend": 18.019667, "fair_value": 13.384167, "relative_strength": 5.968395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.476202, "energy": 26.696816, "activity_lines": [ 20.052667, 20.041273, 19.982429, 19.141893 ] }, { "date": "2025-02-21", "close": 17.85, "volume": 12500, "typical_volume": 16220.0, "trend": 18.041333, "fair_value": 13.385769, "relative_strength": -2.747953, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.804179, "energy": 10.27205, "activity_lines": [ 19.248667, 19.634364, 19.840762, 19.130946 ] }, { "date": "2025-02-28", "close": 16.9, "volume": 14600, "typical_volume": 16785.0, "trend": 18.085667, "fair_value": 13.392372, "relative_strength": -8.555334, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -13.97594, "energy": 26.099137, "activity_lines": [ 18.306, 19.112727, 19.597762, 19.057312 ] }, { "date": "2025-03-07", "close": 16.040001, "volume": 12200, "typical_volume": 16790.0, "trend": 18.122, "fair_value": 13.395769, "relative_strength": -10.708401, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.941006, "energy": 57.759424, "activity_lines": [ 17.370667, 18.489818, 19.268, 18.925333 ] }, { "date": "2025-03-14", "close": 14.94, "volume": 7100, "typical_volume": 16670.0, "trend": 18.112667, "fair_value": 13.374231, "relative_strength": -15.877417, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.872869, "energy": 70.716447, "activity_lines": [ 16.332667, 17.728, 18.839762, 18.720043 ] }, { "date": "2025-03-21", "close": 14.96, "volume": 6900, "typical_volume": 16700.0, "trend": 18.087333, "fair_value": 13.353397, "relative_strength": -16.828435, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.343345, "energy": 77.739785, "activity_lines": [ 15.622, 17.064909, 18.423667, 18.516645 ] }, { "date": "2025-03-28", "close": 14.225, "volume": 3600, "typical_volume": 16005.0, "trend": 18.060167, "fair_value": 13.326955, "relative_strength": -19.824808, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.601101, "energy": 79.554579, "activity_lines": [ 14.984333, 16.342182, 17.944857, 18.267462 ] }, { "date": "2025-04-04", "close": 13.03, "volume": 5200, "typical_volume": 11995.0, "trend": 18.032833, "fair_value": 13.301186, "relative_strength": -21.28252, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.692022, "energy": 92.815577, "activity_lines": [ 14.19, 15.516636, 17.376357, 17.942936 ] }, { "date": "2025-04-11", "close": 13.27, "volume": 6800, "typical_volume": 11480.0, "trend": 17.969167, "fair_value": 13.281314, "relative_strength": -20.880724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.602428, "energy": 88.653819, "activity_lines": [ 13.733667, 14.885273, 16.863667, 17.635656 ] }, { "date": "2025-04-18", "close": 12.88, "volume": 3100, "typical_volume": 11020.0, "trend": 17.890833, "fair_value": 13.266506, "relative_strength": -24.827167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.18494, "energy": 88.28089, "activity_lines": [ 13.332, 14.305364, 16.349691, 17.307323 ] }, { "date": "2025-04-25", "close": 14.68, "volume": 6100, "typical_volume": 10180.0, "trend": 17.850833, "fair_value": 13.267853, "relative_strength": -15.876625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.63188, "energy": 71.02653, "activity_lines": [ 13.667667, 14.177636, 16.046619, 17.100172 ] }, { "date": "2025-05-02", "close": 14.96, "volume": 3300, "typical_volume": 9730.0, "trend": 17.8305, "fair_value": 13.274455, "relative_strength": -15.194342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.014005, "energy": 56.217217, "activity_lines": [ 14.115333, 14.192636, 15.806357, 16.913667 ] }, { "date": "2025-05-09", "close": 15.8, "volume": 5500, "typical_volume": 9520.0, "trend": 17.827833, "fair_value": 13.295481, "relative_strength": -11.53714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.023904, "energy": 38.086766, "activity_lines": [ 14.794, 14.412909, 15.675048, 16.782667 ] }, { "date": "2025-05-16", "close": 17.469999, "volume": 14900, "typical_volume": 10165.0, "trend": 17.8315, "fair_value": 13.330801, "relative_strength": -4.538549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.64973, "energy": 27.284799, "activity_lines": [ 15.844666, 14.956818, 15.722452, 16.759581 ] }, { "date": "2025-05-23", "close": 16.57, "volume": 45500, "typical_volume": 11485.0, "trend": 17.814167, "fair_value": 13.356378, "relative_strength": -9.026027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.815149, "energy": 30.734996, "activity_lines": [ 16.315333, 15.311091, 15.693333, 16.678194 ] }, { "date": "2025-05-30", "close": 15.81, "volume": 20100, "typical_volume": 11935.0, "trend": 17.7915, "fair_value": 13.379968, "relative_strength": -14.046544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.426099, "energy": 27.657793, "activity_lines": [ 16.286666, 15.497545, 15.608976, 16.548892 ] }, { "date": "2025-06-06", "close": 17.309999, "volume": 4600, "typical_volume": 11215.0, "trend": 17.7255, "fair_value": 13.419968, "relative_strength": -6.646689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.244666, "energy": 23.315685, "activity_lines": [ 16.682666, 15.941272, 15.682809, 16.517828 ] }, { "date": "2025-06-13", "close": 16.799999, "volume": 5500, "typical_volume": 10905.0, "trend": 17.6205, "fair_value": 13.46343, "relative_strength": -9.370538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.086453, "energy": 17.951176, "activity_lines": [ 16.751999, 16.236181, 15.723357, 16.458118 ] }, { "date": "2025-06-20", "close": 17.139999, "volume": 16400, "typical_volume": 10740.0, "trend": 17.4985, "fair_value": 13.503365, "relative_strength": -7.246751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.697493, "energy": 17.262643, "activity_lines": [ 16.867999, 16.524363, 15.817762, 16.427118 ] }, { "date": "2025-06-27", "close": 18.610001, "volume": 9000, "typical_volume": 10715.0, "trend": 17.413167, "fair_value": 13.562853, "relative_strength": 0.084363, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.912964, "energy": 49.782208, "activity_lines": [ 17.496, 17.009454, 16.065786, 16.498828 ] }, { "date": "2025-07-04", "close": 20.26, "volume": 7900, "typical_volume": 10540.0, "trend": 17.346167, "fair_value": 13.627404, "relative_strength": 7.537691, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.08728, "energy": 68.409029, "activity_lines": [ 18.538, 17.690363, 16.476381, 16.682494 ] }, { "date": "2025-07-11", "close": 20.16, "volume": 9400, "typical_volume": 10385.0, "trend": 17.316833, "fair_value": 13.693301, "relative_strength": 7.106416, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.977952, "energy": 77.001073, "activity_lines": [ 19.25, 18.251636, 16.874928, 16.864032 ] }, { "date": "2025-07-18", "close": 21.34, "volume": 9900, "typical_volume": 10150.0, "trend": 17.363833, "fair_value": 13.75843, "relative_strength": 12.203353, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.486355, "energy": 83.200881, "activity_lines": [ 20.165333, 18.932909, 17.374857, 17.123591 ] }, { "date": "2025-07-25", "close": 21.15, "volume": 12600, "typical_volume": 10170.0, "trend": 17.422167, "fair_value": 13.822083, "relative_strength": 10.427886, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.595487, "energy": 80.98253, "activity_lines": [ 20.714667, 19.478909, 17.835547, 17.36786 ] }, { "date": "2025-08-01", "close": 19.1, "volume": 13100, "typical_volume": 10470.0, "trend": 17.3865, "fair_value": 13.862917, "relative_strength": 1.455966, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.183631, "energy": 75.720309, "activity_lines": [ 20.313333, 19.585273, 18.076667, 17.476107 ] }, { "date": "2025-08-08", "close": 19.780001, "volume": 21700, "typical_volume": 11210.0, "trend": 17.4115, "fair_value": 13.90375, "relative_strength": 2.153671, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.401215, "energy": 55.767534, "activity_lines": [ 20.106, 19.769273, 18.362738, 17.630527 ] }, { "date": "2025-08-15", "close": 20.52, "volume": 15700, "typical_volume": 11815.0, "trend": 17.4115, "fair_value": 13.957724, "relative_strength": 5.199888, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.445343, "energy": 53.296467, "activity_lines": [ 20.177334, 20.015637, 18.696333, 17.831075 ] }, { "date": "2025-08-22", "close": 21.01, "volume": 12400, "typical_volume": 12175.0, "trend": 17.4015, "fair_value": 14.020032, "relative_strength": 5.89279, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.795073, "energy": 50.155249, "activity_lines": [ 20.388, 20.292727, 19.046619, 18.063237 ] }, { "date": "2025-08-29", "close": 21.190001, "volume": 6100, "typical_volume": 12140.0, "trend": 17.441167, "fair_value": 14.085865, "relative_strength": 5.651615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.312844, "energy": 55.137003, "activity_lines": [ 20.680667, 20.526, 19.376048, 18.307656 ] }, { "date": "2025-09-05", "close": 20.6, "volume": 5500, "typical_volume": 12260.0, "trend": 17.4695, "fair_value": 14.141506, "relative_strength": 0.712264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.717596, "energy": 52.473462, "activity_lines": [ 20.774, 20.578364, 19.611572, 18.511452 ] }, { "date": "2025-09-12", "close": 23.290001, "volume": 14400, "typical_volume": 12675.0, "trend": 17.588167, "fair_value": 14.220032, "relative_strength": 12.492081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.716787, "energy": 72.306358, "activity_lines": [ 21.664001, 21.083637, 20.066524, 18.886968 ] }, { "date": "2025-09-19", "close": 25.24, "volume": 21400, "typical_volume": 13580.0, "trend": 17.8345, "fair_value": 14.316571, "relative_strength": 19.24571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.798524, "energy": 90.160083, "activity_lines": [ 22.97, 21.888364, 20.666191, 19.380634 ] }, { "date": "2025-09-26", "close": 24.93, "volume": 26100, "typical_volume": 14610.0, "trend": 18.102167, "fair_value": 14.410289, "relative_strength": 17.254862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.957604, "energy": 90.418232, "activity_lines": [ 23.858, 22.544364, 21.187381, 19.838409 ] }, { "date": "2025-10-03", "close": 28.1, "volume": 20700, "typical_volume": 14900.0, "trend": 18.504167, "fair_value": 14.524327, "relative_strength": 28.125234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.800817, "energy": 96.496201, "activity_lines": [ 25.541333, 23.711455, 21.967, 20.48343 ] }, { "date": "2025-10-10", "close": 30.0, "volume": 26900, "typical_volume": 13970.0, "trend": 19.006167, "fair_value": 14.653622, "relative_strength": 38.317322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.327634, "energy": 96.047277, "activity_lines": [ 27.397333, 25.097637, 22.876953, 21.225097 ] }, { "date": "2025-10-17", "close": 29.73, "volume": 18400, "typical_volume": 13885.0, "trend": 19.4985, "fair_value": 14.781699, "relative_strength": 34.87142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.864609, "energy": 91.67413, "activity_lines": [ 28.536667, 26.236546, 23.697238, 21.916957 ] }, { "date": "2025-10-24", "close": 30.695, "volume": 19300, "typical_volume": 14620.0, "trend": 20.0475, "fair_value": 14.91, "relative_strength": 37.001836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.296542, "energy": 86.228518, "activity_lines": [ 29.568333, 27.37, 24.543143, 22.639312 ] }, { "date": "2025-10-31", "close": 29.799999, "volume": 16700, "typical_volume": 15180.0, "trend": 20.6065, "fair_value": 15.039551, "relative_strength": 32.361788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.948047, "energy": 67.62529, "activity_lines": [ 29.938, 28.155727, 25.240071, 23.268505 ] }, { "date": "2025-11-07", "close": 27.610001, "volume": 39500, "typical_volume": 16335.0, "trend": 21.0845, "fair_value": 15.153077, "relative_strength": 23.603465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.718596, "energy": 61.416328, "activity_lines": [ 29.253, 28.383455, 25.666524, 23.720344 ] }, { "date": "2025-11-14", "close": 23.120001, "volume": 27700, "typical_volume": 17270.0, "trend": 21.425833, "fair_value": 15.241923, "relative_strength": 2.191795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.565275, "energy": 33.6302, "activity_lines": [ 27.104, 27.678091, 25.6155, 23.851667 ] }, { "date": "2025-11-21", "close": 21.450001, "volume": 29300, "typical_volume": 18340.0, "trend": 21.6515, "fair_value": 15.320449, "relative_strength": -4.406612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.012232, "energy": 19.886465, "activity_lines": [ 24.857001, 26.623273, 25.383953, 23.853226 ] }, { "date": "2025-11-28", "close": 25.02, "volume": 6600, "typical_volume": 18200.0, "trend": 21.986833, "fair_value": 15.419231, "relative_strength": 7.239236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.212095, "energy": 26.259695, "activity_lines": [ 24.352001, 26.251, 25.486738, 24.070549 ] }, { "date": "2025-12-05", "close": 24.02, "volume": 4800, "typical_volume": 17945.0, "trend": 22.260833, "fair_value": 15.514744, "relative_strength": 3.45462, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.023338, "energy": 25.36587, "activity_lines": [ 23.892, 25.700909, 25.471143, 24.201721 ] }, { "date": "2025-12-12", "close": 23.48, "volume": 13800, "typical_volume": 18005.0, "trend": 22.461167, "fair_value": 15.60968, "relative_strength": 0.664979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.505152, "energy": 18.251396, "activity_lines": [ 23.637334, 25.069182, 25.391357, 24.280377 ] }, { "date": "2025-12-19", "close": 22.75, "volume": 13100, "typical_volume": 18005.0, "trend": 22.667167, "fair_value": 15.701923, "relative_strength": -2.929625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.103821, "energy": 12.179909, "activity_lines": [ 23.414667, 24.388727, 25.230953, 24.299011 ] }, { "date": "2025-12-26", "close": 22.5, "volume": 19000, "typical_volume": 17870.0, "trend": 22.890167, "fair_value": 15.79218, "relative_strength": -4.531239, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.360271, "energy": 14.662889, "activity_lines": [ 23.133333, 23.794637, 25.029357, 24.288226 ] }, { "date": "2026-01-02", "close": 22.530001, "volume": 18800, "typical_volume": 18025.0, "trend": 23.064167, "fair_value": 15.881539, "relative_strength": -3.809308, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.721029, "energy": 28.023592, "activity_lines": [ 22.792, 23.337455, 24.817667, 24.264989 ] }, { "date": "2026-01-09", "close": 23.75, "volume": 25700, "typical_volume": 18690.0, "trend": 23.295834, "fair_value": 15.971667, "relative_strength": -0.764562, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.019732, "energy": 22.745367, "activity_lines": [ 23.023334, 23.250546, 24.712595, 24.309237 ] }, { "date": "2026-01-16", "close": 25.309999, "volume": 17700, "typical_volume": 19270.0, "trend": 23.568167, "fair_value": 16.072308, "relative_strength": 4.528629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.16072, "energy": 7.368551, "activity_lines": [ 23.792667, 23.557273, 24.743048, 24.439183 ] }, { "date": "2026-01-23", "close": 23.68, "volume": 10900, "typical_volume": 19540.0, "trend": 23.737167, "fair_value": 16.159231, "relative_strength": -2.197358, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.441266, "energy": 4.960779, "activity_lines": [ 23.896667, 23.609455, 24.598643, 24.446398 ] }, { "date": "2026-01-30", "close": 22.07, "volume": 22100, "typical_volume": 19925.0, "trend": 23.7975, "fair_value": 16.229936, "relative_strength": -5.129458, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.680931, "energy": 11.265159, "activity_lines": [ 23.402, 23.358727, 24.286238, 24.338839 ] }, { "date": "2026-02-06", "close": 19.93, "volume": 14100, "typical_volume": 19560.0, "trend": 23.789834, "fair_value": 16.295256, "relative_strength": -15.410347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.850707, "energy": 36.824813, "activity_lines": [ 22.222667, 22.707636, 23.775833, 24.089323 ] }, { "date": "2026-02-13", "close": 19.92, "volume": 13300, "typical_volume": 18920.0, "trend": 23.7425, "fair_value": 16.357821, "relative_strength": -16.613485, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.608643, "energy": 63.583339, "activity_lines": [ 21.213333, 22.147273, 23.289762, 23.839656 ] }, { "date": "2026-02-20", "close": 20.030001, "volume": 8500, "typical_volume": 18310.0, "trend": 23.705167, "fair_value": 16.425385, "relative_strength": -17.739782, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.504433, "energy": 79.262424, "activity_lines": [ 20.496, 21.681455, 22.838024, 23.60014 ] }, { "date": "2026-02-27", "close": 20.4, "volume": 5900, "typical_volume": 17260.0, "trend": 23.7485, "fair_value": 16.49468, "relative_strength": -17.337222, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.496789, "energy": 79.497539, "activity_lines": [ 20.254, 21.345636, 22.459953, 23.386903 ] }, { "date": "2026-03-06", "close": 20.610001, "volume": 5300, "typical_volume": 16605.0, "trend": 23.776167, "fair_value": 16.568718, "relative_strength": -13.257214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.803759, "energy": 73.518661, "activity_lines": [ 20.300667, 21.090728, 22.147595, 23.18442 ] }, { "date": "2026-03-13", "close": 20.91, "volume": 11200, "typical_volume": 16200.0, "trend": 23.789167, "fair_value": 16.639103, "relative_strength": -10.61095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.946595, "energy": 51.458727, "activity_lines": [ 20.544667, 20.924728, 21.907238, 22.999506 ] }, { "date": "2026-03-20", "close": 20.58, "volume": 10000, "typical_volume": 15865.0, "trend": 23.774834, "fair_value": 16.708462, "relative_strength": -8.723359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.336483, "energy": 42.279674, "activity_lines": [ 20.613334, 20.728182, 21.682048, 22.792463 ] }, { "date": "2026-03-27", "close": 19.07, "volume": 3900, "typical_volume": 14085.0, "trend": 23.704167, "fair_value": 16.764872, "relative_strength": -17.171903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.261211, "energy": 47.602757, "activity_lines": [ 20.134667, 20.314727, 21.356953, 22.488925 ] }, { "date": "2026-04-03", "close": 19.370001, "volume": 3800, "typical_volume": 12890.0, "trend": 23.663167, "fair_value": 16.826026, "relative_strength": -18.835185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.709437, "energy": 46.682763, "activity_lines": [ 19.82, 20.069273, 21.101095, 22.209301 ] }, { "date": "2026-04-10", "close": 20.92, "volume": 10400, "typical_volume": 11945.0, "trend": 23.584167, "fair_value": 16.89218, "relative_strength": -14.002664, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.866769, "energy": 40.105107, "activity_lines": [ 20.090667, 20.184, 21.010714, 22.032323 ] }, { "date": "2026-04-17", "close": 24.07, "volume": 27600, "typical_volume": 12995.0, "trend": 23.545167, "fair_value": 16.981859, "relative_strength": -3.361257, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.446627, "energy": 11.123409, "activity_lines": [ 21.390667, 20.892364, 21.222857, 22.063667 ] }, { "date": "2026-04-24", "close": 23.639999, "volume": 10500, "typical_volume": 13280.0, "trend": 23.502167, "fair_value": 17.067244, "relative_strength": -4.112133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.610102, "energy": 16.298278, "activity_lines": [ 22.336666, 21.447273, 21.398572, 22.069785 ] }, { "date": "2026-05-01", "close": 23.299999, "volume": 17900, "typical_volume": 13485.0, "trend": 23.342167, "fair_value": 17.151923, "relative_strength": -5.67937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.860499, "energy": 24.960704, "activity_lines": [ 22.965333, 21.872727, 21.543714, 22.056742 ] }, { "date": "2026-05-08", "close": 26.08, "volume": 26800, "typical_volume": 14170.0, "trend": 23.2115, "fair_value": 17.257051, "relative_strength": 4.603732, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.723199, "energy": 58.919091, "activity_lines": [ 24.238666, 22.744182, 21.954476, 22.233376 ] }, { "date": "2026-05-15", "close": 25.870001, "volume": 20700, "typical_volume": 14255.0, "trend": 23.082833, "fair_value": 17.359487, "relative_strength": 4.25893, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.699117, "energy": 68.369773, "activity_lines": [ 24.994667, 23.474182, 22.329381, 22.404893 ] }, { "date": "2026-05-22", "close": 26.540001, "volume": 7600, "typical_volume": 13695.0, "trend": 22.944334, "fair_value": 17.466539, "relative_strength": 4.623809, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.227997, "energy": 73.387901, "activity_lines": [ 25.644, 24.230364, 22.752048, 22.627936 ] }, { "date": "2026-05-29", "close": 28.709999, "volume": 17100, "typical_volume": 13265.0, "trend": 22.908, "fair_value": 17.585513, "relative_strength": 11.562709, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.513457, "energy": 92.050057, "activity_lines": [ 26.852, 25.278727, 23.362286, 22.999914 ] }, { "date": "2026-06-05", "close": 25.639999, "volume": 4100, "typical_volume": 12585.0, "trend": 22.842333, "fair_value": 17.688205, "relative_strength": 0.427591, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.992098, "energy": 75.557328, "activity_lines": [ 26.698666, 25.621091, 23.656524, 23.176172 ] }, { "date": "2026-06-12", "close": 27.17, "volume": 2000, "typical_volume": 12140.0, "trend": 22.977333, "fair_value": 17.798782, "relative_strength": 4.433738, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.684929, "energy": 67.002183, "activity_lines": [ 26.899333, 26.122182, 24.094905, 23.455376 ] }, { "date": "2026-06-19", "close": 28.889999, "volume": 2700, "typical_volume": 11170.0, "trend": 23.225333, "fair_value": 17.918013, "relative_strength": 10.435083, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.739919, "energy": 72.98512, "activity_lines": [ 27.600666, 26.794181, 24.680476, 23.836839 ] }, { "date": "2026-06-26", "close": 27.0, "volume": 600, "typical_volume": 10495.0, "trend": 23.291333, "fair_value": 18.020577, "relative_strength": 2.979951, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.015764, "energy": 52.172036, "activity_lines": [ 27.470666, 26.977636, 25.053571, 24.080366 ] }, { "date": "2026-07-03", "close": 25.549999, "volume": 0, "typical_volume": 9830.0, "trend": 23.342333, "fair_value": 18.109039, "relative_strength": -3.229687, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.424988, "energy": 41.638423, "activity_lines": [ 26.826666, 26.844181, 25.254905, 24.226086 ] }, { "date": "2026-07-10", "close": 25.6, "volume": 3600, "typical_volume": 9585.0, "trend": 23.413, "fair_value": 18.18968, "relative_strength": -3.14758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.511651, "energy": 33.798848, "activity_lines": [ 26.41, 26.685091, 25.43419, 24.371742 ] }, { "date": "2026-07-17", "close": 23.530001, "volume": 21200, "typical_volume": 10350.0, "trend": 23.439, "fair_value": 18.260513, "relative_strength": -10.612667, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.040603, "energy": 21.999614, "activity_lines": [ 25.306, 26.107818, 25.389809, 24.37929 ] }, { "date": "2026-07-24", "close": 24.620001, "volume": 4500, "typical_volume": 10310.0, "trend": 23.509667, "fair_value": 18.337564, "relative_strength": -6.574011, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.846203, "energy": 25.204704, "activity_lines": [ 24.808, 25.775091, 25.434333, 24.455484 ] }, { "date": "2026-07-31", "close": 23.799999, "volume": 4200, "typical_volume": 9960.0, "trend": 23.552, "fair_value": 18.411346, "relative_strength": -9.245886, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.459457, "energy": 17.644508, "activity_lines": [ 24.321333, 25.316, 25.381667, 24.474215 ] }, { "date": "2026-08-07", "close": 23.799999, "volume": 4500, "typical_volume": 9685.0, "trend": 23.553667, "fair_value": 18.490385, "relative_strength": -11.994587, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.157352, "energy": 20.127358, "activity_lines": [ 24.048, 24.906727, 25.315238, 24.490215 ] } ], "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." } } }