{ "ticker": { "uuid": "d2929143-5699-4660-adbc-ad34ed775870", "symbol": "MSB", "name": "Mesabi Trust", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -62.049, "architecture_energy": 62.3, "architecture_maturity": 48.766, "architecture_confidence": 95.835, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.34, "rotation_up": 17.57, "upward_expansion": 12.5, "deceleration": 41.87, "rotation_down": 62.5, "downward_expansion": 85.83 }, "activity_lines": [ 23.043534, 23.792158, 25.074758, 26.423617 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 23.32, "trend_reference": 28.598559, "distance_from_trend": -0.184574, "trend_direction": "Weakening", "fair_value": 22.033743, "distance_from_fair_value": 0.058377, "fair_value_direction": "Weakening", "relative_strength": -31.783322, "relative_strength_direction": "Weakening", "price_momentum": -0.331779, "excess_performance": -0.457403, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.184574, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.106797, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.058377, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.321385, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.317833, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.170185, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.331779, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.324309, "read": "Supply-led" } ], "volume": { "latest": 133452, "relative_activity": 0.557274, "balance": 0.324309, "dry_up": 0.821759, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.103627, "annualized_volatility": 0.360786, "from_high_reference": -0.440602, "from_low_reference": 0.081979 }, "levels": { "trend_reference": 28.598559, "fair_value_reference": 22.033743, "structural_low": 21.553105, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": -0.007518, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.004513, "regime_survival": 0.8, "best_return": 0.325194, "worst_return": -0.309736, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.039657, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.047043, "regime_survival": 0.5, "best_return": 0.385246, "worst_return": -0.189261, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.053968, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.01676, "regime_survival": 0.0, "best_return": 0.198582, "worst_return": -0.117493, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.043972, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.09633, "regime_survival": 0.333333, "best_return": 0.734833, "worst_return": -0.255216, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-22", "end": "2024-01-12", "tenure": "Established", "return": 0.067303, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-02-16", "tenure": "Developing", "return": -0.057106, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-23", "end": "2024-03-01", "tenure": "New", "return": -0.036517, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-08", "end": "2024-06-07", "tenure": "Established", "return": -0.022955, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-09-06", "tenure": "Established", "return": -0.002897, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2025-06-06", "tenure": "Extended", "return": 0.629602, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.142023, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": -0.000683, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.041411, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-12-05", "tenure": "Developing", "return": -0.062059, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": -0.005487, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-02-27", "tenure": "Developing", "return": -0.174265, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-04-10", "tenure": "Developing", "return": 0.039, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": -0.22346, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 14.118548, "volume": 161426, "typical_volume": 181098.1, "trend": 15.436515, "fair_value": 16.473261, "relative_strength": -14.024519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.699842, "energy": 32.776913, "activity_lines": [ 13.497803, 13.496434, 13.837824, 14.561597 ] }, { "date": "2023-08-25", "close": 13.490273, "volume": 123076, "typical_volume": 184164.2, "trend": 15.324272, "fair_value": 16.489082, "relative_strength": -17.74119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.618604, "energy": 27.404332, "activity_lines": [ 13.562748, 13.453051, 13.742222, 14.436033 ] }, { "date": "2023-09-01", "close": 13.772644, "volume": 132568, "typical_volume": 181744.8, "trend": 15.271563, "fair_value": 16.505018, "relative_strength": -17.474233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.133608, "energy": 21.649878, "activity_lines": [ 13.671932, 13.491043, 13.694488, 14.335928 ] }, { "date": "2023-09-08", "close": 13.850296, "volume": 72493, "typical_volume": 180318.05, "trend": 15.208971, "fair_value": 16.52237, "relative_strength": -15.406762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.076553, "energy": 18.425906, "activity_lines": [ 13.759467, 13.557785, 13.673713, 14.244234 ] }, { "date": "2023-09-15", "close": 14.704468, "volume": 139629, "typical_volume": 176063.7, "trend": 15.133201, "fair_value": 16.541911, "relative_strength": -9.701424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.335353, "energy": 9.033921, "activity_lines": [ 14.08937, 13.789971, 13.753012, 14.211685 ] }, { "date": "2023-09-22", "close": 14.090311, "volume": 139504, "typical_volume": 177019.25, "trend": 14.963543, "fair_value": 16.560272, "relative_strength": -10.521289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.355203, "energy": 13.091321, "activity_lines": [ 14.123725, 13.888416, 13.781821, 14.144402 ] }, { "date": "2023-09-29", "close": 14.167963, "volume": 91787, "typical_volume": 175688.7, "trend": 14.780002, "fair_value": 16.575244, "relative_strength": -8.928514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.440103, "energy": 13.394489, "activity_lines": [ 14.185847, 13.984679, 13.822294, 14.093074 ] }, { "date": "2023-10-06", "close": 14.273852, "volume": 138178, "typical_volume": 169813.45, "trend": 14.658818, "fair_value": 16.587221, "relative_strength": -8.272088, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.873415, "energy": 12.939001, "activity_lines": [ 14.238085, 14.074267, 13.87228, 14.060419 ] }, { "date": "2023-10-13", "close": 15.099787, "volume": 102117, "typical_volume": 162015.25, "trend": 14.590108, "fair_value": 16.600889, "relative_strength": -3.183645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.73624, "energy": 16.495261, "activity_lines": [ 14.532221, 14.29195, 13.99454, 14.088869 ] }, { "date": "2023-10-20", "close": 14.697409, "volume": 118373, "typical_volume": 153654.65, "trend": 14.52681, "fair_value": 16.609752, "relative_strength": -3.38713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.49932, "energy": 24.227936, "activity_lines": [ 14.608932, 14.402203, 14.065738, 14.095792 ] }, { "date": "2023-10-27", "close": 14.485631, "volume": 80346, "typical_volume": 146367.65, "trend": 14.417156, "fair_value": 16.621059, "relative_strength": -2.089003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.185161, "energy": 25.098345, "activity_lines": [ 14.615521, 14.449307, 14.111153, 14.093135 ] }, { "date": "2023-11-03", "close": 14.449722, "volume": 129973, "typical_volume": 144097.5, "trend": 14.302304, "fair_value": 16.637157, "relative_strength": -7.296826, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.80779, "energy": 23.483067, "activity_lines": [ 14.583786, 14.483209, 14.154358, 14.095236 ] }, { "date": "2023-11-10", "close": 13.587909, "volume": 174719, "typical_volume": 147271.15, "trend": 14.159197, "fair_value": 16.648125, "relative_strength": -13.708674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.965047, "energy": 4.638742, "activity_lines": [ 14.245995, 14.342973, 14.118783, 14.049146 ] }, { "date": "2023-11-17", "close": 13.573546, "volume": 145512, "typical_volume": 147938.1, "trend": 14.018904, "fair_value": 16.652402, "relative_strength": -15.391816, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.291598, "energy": 11.607108, "activity_lines": [ 13.949147, 14.203484, 14.086551, 14.011362 ] }, { "date": "2023-11-24", "close": 14.025997, "volume": 76179, "typical_volume": 147458.25, "trend": 13.940285, "fair_value": 16.655921, "relative_strength": -13.141617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.799603, "energy": 10.349351, "activity_lines": [ 13.904865, 14.151291, 14.101384, 14.01182 ] }, { "date": "2023-12-01", "close": 13.358093, "volume": 142418, "typical_volume": 146604.15, "trend": 13.885994, "fair_value": 16.649314, "relative_strength": -17.76983, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.109244, "energy": 19.061614, "activity_lines": [ 13.682709, 13.989996, 14.050056, 13.974259 ] }, { "date": "2023-12-08", "close": 13.020549, "volume": 302890, "typical_volume": 149911.75, "trend": 13.851747, "fair_value": 16.634984, "relative_strength": -19.830775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.3271, "energy": 30.733474, "activity_lines": [ 13.423207, 13.780643, 13.965798, 13.918424 ] }, { "date": "2023-12-15", "close": 14.298905, "volume": 417180, "typical_volume": 156474.95, "trend": 13.897291, "fair_value": 16.62408, "relative_strength": -13.863556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.707813, "energy": 9.937485, "activity_lines": [ 13.685103, 13.82458, 14.001962, 13.947273 ] }, { "date": "2023-12-22", "close": 14.736993, "volume": 140912, "typical_volume": 151496.25, "trend": 13.974379, "fair_value": 16.616055, "relative_strength": -11.902615, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.53742, "energy": 8.43521, "activity_lines": [ 14.045628, 13.947715, 14.073948, 14.001447 ] }, { "date": "2023-12-29", "close": 14.701084, "volume": 195589, "typical_volume": 151243.45, "trend": 14.013799, "fair_value": 16.609701, "relative_strength": -12.288429, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.188891, "energy": 21.54356, "activity_lines": [ 14.31662, 14.070916, 14.135266, 14.048331 ] }, { "date": "2024-01-05", "close": 14.140906, "volume": 111745, "typical_volume": 148759.4, "trend": 13.993837, "fair_value": 16.601334, "relative_strength": -14.130657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.977191, "energy": 24.229619, "activity_lines": [ 14.35588, 14.0922, 14.136762, 14.056532 ] }, { "date": "2024-01-12", "close": 15.038627, "volume": 128600, "typical_volume": 149035.6, "trend": 13.990386, "fair_value": 16.599726, "relative_strength": -10.158069, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.772088, "energy": 42.935482, "activity_lines": [ 14.642193, 14.282974, 14.223648, 14.123937 ] }, { "date": "2024-01-19", "close": 14.873446, "volume": 75660, "typical_volume": 146190.2, "trend": 14.000254, "fair_value": 16.594871, "relative_strength": -11.908596, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.073106, "energy": 48.388965, "activity_lines": [ 14.738908, 14.433008, 14.28743, 14.180909 ] }, { "date": "2024-01-26", "close": 14.650811, "volume": 91200, "typical_volume": 147125.55, "trend": 14.008349, "fair_value": 16.597936, "relative_strength": -13.537423, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.86801, "energy": 39.778146, "activity_lines": [ 14.723108, 14.519189, 14.324767, 14.22288 ] }, { "date": "2024-02-02", "close": 15.04095, "volume": 108037, "typical_volume": 145545.95, "trend": 14.060038, "fair_value": 16.59507, "relative_strength": -12.122409, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.051362, "energy": 44.773703, "activity_lines": [ 14.843099, 14.656718, 14.395448, 14.2895 ] }, { "date": "2024-02-09", "close": 13.460772, "volume": 166520, "typical_volume": 146896.75, "trend": 14.068938, "fair_value": 16.578644, "relative_strength": -21.896895, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.249524, "energy": 9.317125, "activity_lines": [ 14.413707, 14.488488, 14.314034, 14.250838 ] }, { "date": "2024-02-16", "close": 14.024076, "volume": 110848, "typical_volume": 147849.8, "trend": 14.111674, "fair_value": 16.565318, "relative_strength": -17.697258, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.311195, "energy": 13.062593, "activity_lines": [ 14.217426, 14.42081, 14.289265, 14.247943 ] }, { "date": "2024-02-23", "close": 13.021834, "volume": 111949, "typical_volume": 146538.35, "trend": 14.110413, "fair_value": 16.552027, "relative_strength": -23.825458, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.591703, "energy": 25.237042, "activity_lines": [ 13.7547, 14.152661, 14.16973, 14.177631 ] }, { "date": "2024-03-01", "close": 12.546317, "volume": 248556, "typical_volume": 153860.3, "trend": 14.088125, "fair_value": 16.532732, "relative_strength": -26.271429, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.421785, "energy": 60.338696, "activity_lines": [ 13.25691, 13.821273, 14.010869, 14.076722 ] }, { "date": "2024-03-08", "close": 13.365669, "volume": 312361, "typical_volume": 163559.7, "trend": 14.088913, "fair_value": 16.509601, "relative_strength": -20.313209, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.889418, "energy": 59.533476, "activity_lines": [ 13.172536, 13.678689, 13.942202, 14.030112 ] }, { "date": "2024-03-15", "close": 12.816996, "volume": 187216, "typical_volume": 168903.2, "trend": 14.045528, "fair_value": 16.483281, "relative_strength": -22.658001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.161425, "energy": 68.427412, "activity_lines": [ 13.016957, 13.460626, 13.827621, 13.948052 ] }, { "date": "2024-03-22", "close": 13.738766, "volume": 248104, "typical_volume": 174809.75, "trend": 14.053811, "fair_value": 16.461191, "relative_strength": -18.121677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.01734, "energy": 51.002239, "activity_lines": [ 13.211553, 13.434229, 13.808774, 13.928261 ] }, { "date": "2024-03-29", "close": 12.948678, "volume": 279222, "typical_volume": 180034.9, "trend": 14.026345, "fair_value": 16.427831, "relative_strength": -22.20806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.99792, "energy": 34.959528, "activity_lines": [ 13.161806, 13.287813, 13.718066, 13.856962 ] }, { "date": "2024-04-05", "close": 13.014518, "volume": 193656, "typical_volume": 182442.1, "trend": 13.998486, "fair_value": 16.396207, "relative_strength": -20.183403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.487832, "energy": 33.171712, "activity_lines": [ 13.138884, 13.188364, 13.636672, 13.791683 ] }, { "date": "2024-04-12", "close": 12.597527, "volume": 165887, "typical_volume": 186927.5, "trend": 13.928255, "fair_value": 16.349207, "relative_strength": -20.656917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.892612, "energy": 36.646994, "activity_lines": [ 12.945751, 13.04285, 13.518227, 13.701299 ] }, { "date": "2024-04-19", "close": 13.014518, "volume": 164392, "typical_volume": 188026.2, "trend": 13.892395, "fair_value": 16.301924, "relative_strength": -14.50832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.647783, "energy": 34.873717, "activity_lines": [ 12.942825, 13.017577, 13.446298, 13.642348 ] }, { "date": "2024-04-26", "close": 12.663368, "volume": 101479, "typical_volume": 177955.65, "trend": 13.842242, "fair_value": 16.250582, "relative_strength": -18.188794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.624951, "energy": 40.289835, "activity_lines": [ 12.80968, 12.936573, 13.342562, 13.563056 ] }, { "date": "2024-05-03", "close": 12.396621, "volume": 128088, "typical_volume": 163501.05, "trend": 13.779667, "fair_value": 16.186717, "relative_strength": -19.748019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.651341, "energy": 48.258212, "activity_lines": [ 12.659314, 12.83181, 13.215122, 13.46979 ] }, { "date": "2024-05-10", "close": 12.411503, "volume": 75309, "typical_volume": 160220.9, "trend": 13.690058, "fair_value": 16.124257, "relative_strength": -20.579031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.848076, "energy": 48.617196, "activity_lines": [ 12.550711, 12.74112, 13.098158, 13.381521 ] }, { "date": "2024-05-17", "close": 13.207685, "volume": 118363, "typical_volume": 156359.6, "trend": 13.640401, "fair_value": 16.064058, "relative_strength": -16.516379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.524368, "energy": 33.676285, "activity_lines": [ 12.747704, 12.797642, 13.068095, 13.350401 ] }, { "date": "2024-05-24", "close": 12.887724, "volume": 97546, "typical_volume": 155649.65, "trend": 13.587137, "fair_value": 16.007419, "relative_strength": -18.238963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.781273, "energy": 28.712913, "activity_lines": [ 12.797365, 12.798861, 13.014671, 13.301841 ] }, { "date": "2024-05-31", "close": 13.185362, "volume": 78495, "typical_volume": 153144.4, "trend": 13.544992, "fair_value": 15.94876, "relative_strength": -15.638255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.88693, "energy": 17.515063, "activity_lines": [ 12.954693, 12.85291, 12.99556, 13.27592 ] }, { "date": "2024-06-07", "close": 13.058866, "volume": 105752, "typical_volume": 154649.0, "trend": 13.527357, "fair_value": 15.890936, "relative_strength": -16.9296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.104044, "energy": 17.88859, "activity_lines": [ 13.035055, 12.894022, 12.973228, 13.244557 ] }, { "date": "2024-06-14", "close": 12.977015, "volume": 103646, "typical_volume": 155271.3, "trend": 13.507473, "fair_value": 15.843063, "relative_strength": -18.200554, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.747916, "energy": 14.834044, "activity_lines": [ 13.043984, 12.918249, 12.951741, 13.209051 ] }, { "date": "2024-06-21", "close": 12.694259, "volume": 73509, "typical_volume": 153544.9, "trend": 13.463081, "fair_value": 15.788888, "relative_strength": -19.926271, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.446542, "energy": 16.40877, "activity_lines": [ 12.92096, 12.891747, 12.911295, 13.156586 ] }, { "date": "2024-06-28", "close": 12.820755, "volume": 71283, "typical_volume": 148783.05, "trend": 13.44517, "fair_value": 15.736385, "relative_strength": -18.579609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.913742, "energy": 21.728004, "activity_lines": [ 12.87433, 12.886486, 12.894072, 13.115145 ] }, { "date": "2024-07-05", "close": 13.192803, "volume": 53218, "typical_volume": 145901.55, "trend": 13.450912, "fair_value": 15.684919, "relative_strength": -17.384139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.645794, "energy": 11.047095, "activity_lines": [ 12.956181, 12.952392, 12.915329, 13.098863 ] }, { "date": "2024-07-12", "close": 12.984456, "volume": 59028, "typical_volume": 143255.5, "trend": 13.407097, "fair_value": 15.640574, "relative_strength": -19.109479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.920775, "energy": 14.259447, "activity_lines": [ 12.968086, 12.970792, 12.920702, 13.068769 ] }, { "date": "2024-07-19", "close": 12.917488, "volume": 82368, "typical_volume": 134946.1, "trend": 13.346447, "fair_value": 15.593853, "relative_strength": -17.635431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.077632, "energy": 12.038372, "activity_lines": [ 12.962629, 12.966327, 12.919875, 13.037182 ] }, { "date": "2024-07-26", "close": 13.17048, "volume": 133230, "typical_volume": 125989.55, "trend": 13.295427, "fair_value": 15.5479, "relative_strength": -15.046378, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.877011, "energy": 8.368741, "activity_lines": [ 13.045472, 12.998662, 12.941375, 13.025829 ] }, { "date": "2024-08-02", "close": 13.083275, "volume": 118695, "typical_volume": 122563.5, "trend": 13.260172, "fair_value": 15.505139, "relative_strength": -13.463388, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.939913, "energy": 7.701608, "activity_lines": [ 13.067498, 13.015817, 12.955499, 13.012142 ] }, { "date": "2024-08-09", "close": 12.825849, "volume": 160022, "typical_volume": 118159.4, "trend": 13.186413, "fair_value": 15.453376, "relative_strength": -14.816902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.19596, "energy": 7.903609, "activity_lines": [ 12.986214, 12.982612, 12.943839, 12.984121 ] }, { "date": "2024-08-16", "close": 12.719851, "volume": 69726, "typical_volume": 107684.6, "trend": 13.114626, "fair_value": 15.411436, "relative_strength": -18.221649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.839582, "energy": 15.188933, "activity_lines": [ 12.894062, 12.936671, 12.926431, 12.95402 ] }, { "date": "2024-08-23", "close": 13.545127, "volume": 100634, "typical_volume": 103033.5, "trend": 13.07777, "fair_value": 15.373924, "relative_strength": -13.713484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.191311, "energy": 12.392282, "activity_lines": [ 13.094641, 13.046945, 12.98871, 12.981794 ] }, { "date": "2024-08-30", "close": 12.848563, "volume": 81818, "typical_volume": 98830.05, "trend": 13.004691, "fair_value": 15.332396, "relative_strength": -17.914587, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.705423, "energy": 3.372903, "activity_lines": [ 13.02119, 13.020241, 12.982123, 12.967007 ] }, { "date": "2024-09-06", "close": 12.939419, "volume": 65143, "typical_volume": 93867.6, "trend": 12.987312, "fair_value": 15.294001, "relative_strength": -13.311557, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.387833, "energy": 2.416128, "activity_lines": [ 12.999485, 13.007251, 12.982993, 12.962796 ] }, { "date": "2024-09-13", "close": 15.71053, "volume": 435359, "typical_volume": 110561.6, "trend": 13.043527, "fair_value": 15.276334, "relative_strength": 1.592133, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.360485, "energy": 67.160733, "activity_lines": [ 13.911075, 13.495942, 13.248137, 13.138487 ] }, { "date": "2024-09-20", "close": 16.33138, "volume": 171730, "typical_volume": 112743.7, "trend": 13.153846, "fair_value": 15.270447, "relative_strength": 4.450476, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.954057, "energy": 82.412151, "activity_lines": [ 14.837302, 14.051737, 13.557899, 13.350607 ] }, { "date": "2024-09-27", "close": 17.262654, "volume": 235974, "typical_volume": 120776.95, "trend": 13.311057, "fair_value": 15.268355, "relative_strength": 10.044864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.111136, "energy": 90.703529, "activity_lines": [ 15.833185, 14.716002, 13.937616, 13.615691 ] }, { "date": "2024-10-04", "close": 17.527651, "volume": 93631, "typical_volume": 119540.35, "trend": 13.44979, "fair_value": 15.252208, "relative_strength": 11.68152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.949983, "energy": 92.313387, "activity_lines": [ 16.669566, 15.349446, 14.319471, 13.88773 ] }, { "date": "2024-10-11", "close": 18.587639, "volume": 156513, "typical_volume": 122488.7, "trend": 13.642144, "fair_value": 15.23708, "relative_strength": 17.366739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.396432, "energy": 93.852127, "activity_lines": [ 17.547337, 16.096393, 14.781706, 14.219204 ] }, { "date": "2024-10-18", "close": 19.193346, "volume": 135355, "typical_volume": 125331.7, "trend": 13.823964, "fair_value": 15.244588, "relative_strength": 20.36752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.181112, "energy": 93.943717, "activity_lines": [ 18.250462, 16.853389, 15.274484, 14.577346 ] }, { "date": "2024-10-25", "close": 18.799636, "volume": 64598, "typical_volume": 123274.0, "trend": 14.018996, "fair_value": 15.277432, "relative_strength": 19.304679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.15177, "energy": 88.341217, "activity_lines": [ 18.590162, 17.423029, 15.701157, 14.898357 ] }, { "date": "2024-11-01", "close": 19.084224, "volume": 91443, "typical_volume": 122663.85, "trend": 14.221319, "fair_value": 15.311065, "relative_strength": 22.831027, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.401428, "energy": 69.828115, "activity_lines": [ 18.860175, 17.933871, 16.127597, 15.225146 ] }, { "date": "2024-11-08", "close": 20.392417, "volume": 114949, "typical_volume": 124735.85, "trend": 14.481149, "fair_value": 15.34616, "relative_strength": 25.043426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.296552, "energy": 71.395131, "activity_lines": [ 19.444815, 18.581855, 16.649544, 15.623281 ] }, { "date": "2024-11-15", "close": 19.630587, "volume": 105764, "typical_volume": 126459.9, "trend": 14.701684, "fair_value": 15.374581, "relative_strength": 22.669288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.500851, "energy": 64.919529, "activity_lines": [ 19.584526, 18.954164, 17.062278, 15.955503 ] }, { "date": "2024-11-22", "close": 20.03074, "volume": 150741, "typical_volume": 131336.05, "trend": 14.947264, "fair_value": 15.405407, "relative_strength": 22.909632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.960134, "energy": 64.040863, "activity_lines": [ 19.788092, 19.27757, 17.480695, 16.299313 ] }, { "date": "2024-11-29", "close": 21.362018, "volume": 97381, "typical_volume": 133253.7, "trend": 15.24611, "fair_value": 15.451135, "relative_strength": 29.006475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.474258, "energy": 67.75168, "activity_lines": [ 20.379591, 19.764477, 17.993338, 16.713168 ] }, { "date": "2024-12-06", "close": 20.377026, "volume": 115610, "typical_volume": 134915.8, "trend": 15.511627, "fair_value": 15.488797, "relative_strength": 21.580604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.734446, "energy": 57.76286, "activity_lines": [ 20.471934, 19.980829, 18.372279, 17.044195 ] }, { "date": "2024-12-13", "close": 19.553634, "volume": 88063, "typical_volume": 132657.45, "trend": 15.723159, "fair_value": 15.514973, "relative_strength": 17.231498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.875419, "energy": 55.525962, "activity_lines": [ 20.203626, 19.990848, 18.63728, 17.30497 ] }, { "date": "2024-12-20", "close": 21.385104, "volume": 213619, "typical_volume": 137403.65, "trend": 16.006405, "fair_value": 15.548632, "relative_strength": 30.188613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.73051, "energy": 57.283932, "activity_lines": [ 20.601727, 20.297026, 19.046311, 17.670256 ] }, { "date": "2024-12-27", "close": 21.362018, "volume": 61357, "typical_volume": 132470.4, "trend": 16.27896, "fair_value": 15.580432, "relative_strength": 28.796511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.455792, "energy": 54.488441, "activity_lines": [ 20.875165, 20.548143, 19.413611, 18.01578 ] }, { "date": "2025-01-03", "close": 21.662133, "volume": 125216, "typical_volume": 135244.9, "trend": 16.565736, "fair_value": 15.599113, "relative_strength": 30.741161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.492189, "energy": 54.273221, "activity_lines": [ 21.15989, 20.814396, 19.768845, 18.363081 ] }, { "date": "2025-01-10", "close": 20.507846, "volume": 160289, "typical_volume": 138227.65, "trend": 16.816764, "fair_value": 15.603231, "relative_strength": 25.926005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.544047, "energy": 49.419605, "activity_lines": [ 21.039844, 20.818734, 19.971564, 18.617411 ] }, { "date": "2025-01-17", "close": 22.254668, "volume": 398843, "typical_volume": 154078.9, "trend": 17.135444, "fair_value": 15.619105, "relative_strength": 32.198937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.256884, "energy": 52.359426, "activity_lines": [ 21.493351, 21.114791, 20.307492, 18.968243 ] }, { "date": "2025-01-24", "close": 24.124614, "volume": 580997, "typical_volume": 179871.6, "trend": 17.512239, "fair_value": 15.642852, "relative_strength": 39.975249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.926604, "energy": 59.816654, "activity_lines": [ 22.390104, 21.716979, 20.776718, 19.419158 ] }, { "date": "2025-01-31", "close": 22.445359, "volume": 1214767, "typical_volume": 218842.0, "trend": 17.820658, "fair_value": 15.659199, "relative_strength": 30.986944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.867937, "energy": 47.580537, "activity_lines": [ 22.544472, 21.932139, 21.032753, 19.737423 ] }, { "date": "2025-02-07", "close": 23.424965, "volume": 246708, "typical_volume": 222590.9, "trend": 18.168675, "fair_value": 15.716095, "relative_strength": 35.860779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.862376, "energy": 51.54741, "activity_lines": [ 22.953152, 22.281507, 21.350013, 20.098992 ] }, { "date": "2025-02-14", "close": 24.233379, "volume": 248670, "typical_volume": 223225.7, "trend": 18.545871, "fair_value": 15.774767, "relative_strength": 37.449138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.995842, "energy": 53.787883, "activity_lines": [ 23.513782, 22.740351, 21.710486, 20.490263 ] }, { "date": "2025-02-21", "close": 26.93443, "volume": 711911, "typical_volume": 254139.7, "trend": 19.004669, "fair_value": 15.838727, "relative_strength": 53.324761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.350846, "energy": 57.643831, "activity_lines": [ 24.726393, 23.62018, 22.295008, 21.03146 ] }, { "date": "2025-02-28", "close": 26.392318, "volume": 261426, "typical_volume": 259385.35, "trend": 19.448304, "fair_value": 15.887019, "relative_strength": 49.763366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.955237, "energy": 63.664141, "activity_lines": [ 25.446316, 24.267246, 22.783106, 21.508083 ] }, { "date": "2025-03-07", "close": 23.187197, "volume": 273044, "typical_volume": 266269.8, "trend": 19.793682, "fair_value": 15.923006, "relative_strength": 34.543091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.74444, "energy": 46.689964, "activity_lines": [ 24.946685, 24.240524, 22.928789, 21.749302 ] }, { "date": "2025-03-14", "close": 25.498308, "volume": 169287, "typical_volume": 271504.25, "trend": 20.219631, "fair_value": 15.980788, "relative_strength": 49.485735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.705554, "energy": 45.637809, "activity_lines": [ 25.167968, 24.600818, 23.27556, 22.117342 ] }, { "date": "2025-03-21", "close": 25.878738, "volume": 136068, "typical_volume": 273735.5, "trend": 20.630751, "fair_value": 16.037098, "relative_strength": 49.136787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.640354, "energy": 42.216018, "activity_lines": [ 25.377839, 24.960532, 23.626664, 22.482446 ] }, { "date": "2025-03-28", "close": 25.631458, "volume": 203976, "typical_volume": 278186.85, "trend": 21.056848, "fair_value": 16.087913, "relative_strength": 47.975753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.219357, "energy": 36.376645, "activity_lines": [ 25.395592, 25.177634, 23.921862, 22.805072 ] }, { "date": "2025-04-04", "close": 23.310836, "volume": 176166, "typical_volume": 281706.95, "trend": 21.402562, "fair_value": 16.123936, "relative_strength": 46.129553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.62597, "energy": 26.964121, "activity_lines": [ 24.726669, 24.911408, 23.971101, 22.950491 ] }, { "date": "2025-04-11", "close": 25.193964, "volume": 234114, "typical_volume": 285875.6, "trend": 21.718676, "fair_value": 16.165597, "relative_strength": 47.461876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.716263, "energy": 24.863953, "activity_lines": [ 24.890888, 25.002366, 24.18216, 23.195097 ] }, { "date": "2025-04-18", "close": 26.601554, "volume": 205781, "typical_volume": 291295.6, "trend": 22.061015, "fair_value": 16.2212, "relative_strength": 55.689923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.080174, "energy": 31.867085, "activity_lines": [ 25.390519, 25.299274, 24.502689, 23.510121 ] }, { "date": "2025-04-25", "close": 26.658619, "volume": 194808, "typical_volume": 295255.5, "trend": 22.374214, "fair_value": 16.289744, "relative_strength": 47.137374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.202218, "energy": 32.772584, "activity_lines": [ 25.835622, 25.548801, 24.803703, 23.806741 ] }, { "date": "2025-05-02", "close": 27.07652, "volume": 227869, "typical_volume": 302245.8, "trend": 22.69251, "fair_value": 16.361011, "relative_strength": 43.249269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.879599, "energy": 48.364245, "activity_lines": [ 26.368033, 25.830215, 25.114604, 24.110116 ] }, { "date": "2025-05-09", "close": 24.185512, "volume": 203829, "typical_volume": 301756.3, "trend": 22.879106, "fair_value": 16.414578, "relative_strength": 27.130384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.214523, "energy": 31.553004, "activity_lines": [ 25.840438, 25.583408, 25.114348, 24.206438 ] }, { "date": "2025-05-16", "close": 24.767594, "volume": 223358, "typical_volume": 309856.35, "trend": 23.064914, "fair_value": 16.46048, "relative_strength": 22.500271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.563247, "energy": 21.177226, "activity_lines": [ 25.448558, 25.482558, 25.156193, 24.328276 ] }, { "date": "2025-05-23", "close": 24.903413, "volume": 179818, "typical_volume": 312586.45, "trend": 23.268373, "fair_value": 16.497873, "relative_strength": 25.084187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.00564, "energy": 15.336732, "activity_lines": [ 25.130376, 25.377668, 25.194756, 24.446889 ] }, { "date": "2025-05-30", "close": 24.350435, "volume": 131021, "typical_volume": 311123.05, "trend": 23.443913, "fair_value": 16.527207, "relative_strength": 19.107772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.472534, "energy": 16.431092, "activity_lines": [ 24.741077, 25.183052, 25.16522, 24.5167 ] }, { "date": "2025-06-06", "close": 25.601912, "volume": 240487, "typical_volume": 303205.25, "trend": 23.617563, "fair_value": 16.573286, "relative_strength": 21.976375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.918895, "energy": 15.530414, "activity_lines": [ 24.922816, 25.243765, 25.236574, 24.655925 ] }, { "date": "2025-06-13", "close": 24.932517, "volume": 133620, "typical_volume": 280836.4, "trend": 23.794294, "fair_value": 16.622919, "relative_strength": 18.075343, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.016568, "energy": 9.072323, "activity_lines": [ 24.979731, 25.183307, 25.228237, 24.740761 ] }, { "date": "2025-06-20", "close": 22.61389, "volume": 154207, "typical_volume": 227808.4, "trend": 23.880399, "fair_value": 16.663387, "relative_strength": 6.43337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.671222, "energy": 10.898823, "activity_lines": [ 24.213969, 24.671795, 24.995231, 24.664606 ] }, { "date": "2025-06-27", "close": 24.24372, "volume": 208690, "typical_volume": 225907.5, "trend": 23.976456, "fair_value": 16.709175, "relative_strength": 9.359876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.541226, "energy": 14.688046, "activity_lines": [ 24.135065, 24.503527, 24.916645, 24.688046 ] }, { "date": "2025-07-04", "close": 24.253421, "volume": 102316, "typical_volume": 218589.8, "trend": 24.105669, "fair_value": 16.751124, "relative_strength": 6.741765, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.420276, "energy": 17.825885, "activity_lines": [ 24.103373, 24.379892, 24.835083, 24.705915 ] }, { "date": "2025-07-11", "close": 24.31163, "volume": 195170, "typical_volume": 192752.75, "trend": 24.264269, "fair_value": 16.789545, "relative_strength": 6.419488, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.982634, "energy": 19.480468, "activity_lines": [ 24.097553, 24.310571, 24.75897, 24.719202 ] }, { "date": "2025-07-18", "close": 25.204155, "volume": 161445, "typical_volume": 187753.7, "trend": 24.391571, "fair_value": 16.827639, "relative_strength": 8.69786, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.341444, "energy": 12.0561, "activity_lines": [ 24.475259, 24.453799, 24.780349, 24.77984 ] }, { "date": "2025-07-25", "close": 28.473517, "volume": 273139, "typical_volume": 187758.45, "trend": 24.628621, "fair_value": 16.88676, "relative_strength": 19.704073, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.881843, "energy": 42.746242, "activity_lines": [ 25.924644, 25.172935, 25.118753, 25.043192 ] }, { "date": "2025-08-01", "close": 28.533623, "volume": 459040, "typical_volume": 202246.1, "trend": 24.85767, "fair_value": 16.947126, "relative_strength": 21.606447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.201334, "energy": 62.839546, "activity_lines": [ 27.003422, 25.835619, 25.437709, 25.295127 ] }, { "date": "2025-08-08", "close": 28.708975, "volume": 170088, "typical_volume": 203947.1, "trend": 25.131041, "fair_value": 17.006127, "relative_strength": 18.139373, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.831701, "energy": 73.26194, "activity_lines": [ 27.854657, 26.464181, 25.758911, 25.543599 ] }, { "date": "2025-08-15", "close": 30.969064, "volume": 368071, "typical_volume": 212151.85, "trend": 25.421521, "fair_value": 17.079662, "relative_strength": 24.635189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.484824, "energy": 83.647403, "activity_lines": [ 29.162219, 27.424423, 26.281883, 25.920245 ] }, { "date": "2025-08-22", "close": 31.183383, "volume": 298083, "typical_volume": 218247.7, "trend": 25.656814, "fair_value": 17.155158, "relative_strength": 23.66055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.291471, "energy": 83.918417, "activity_lines": [ 30.097391, 28.326046, 26.799849, 26.291978 ] }, { "date": "2025-08-29", "close": 30.092305, "volume": 127286, "typical_volume": 212906.3, "trend": 25.911712, "fair_value": 17.235743, "relative_strength": 18.012789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.400976, "energy": 76.465224, "activity_lines": [ 30.270255, 28.915641, 27.176414, 26.578139 ] }, { "date": "2025-09-05", "close": 30.3943, "volume": 135625, "typical_volume": 209398.5, "trend": 26.144023, "fair_value": 17.319032, "relative_strength": 17.495358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.607793, "energy": 69.630137, "activity_lines": [ 30.435865, 29.424172, 27.558415, 26.867338 ] }, { "date": "2025-09-12", "close": 30.628102, "volume": 134027, "typical_volume": 206359.45, "trend": 26.35718, "fair_value": 17.41536, "relative_strength": 15.550794, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.986085, "energy": 52.122567, "activity_lines": [ 30.555364, 29.863383, 27.944622, 27.156634 ] }, { "date": "2025-09-19", "close": 30.121531, "volume": 126294, "typical_volume": 201280.7, "trend": 26.463417, "fair_value": 17.515183, "relative_strength": 11.389537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.804449, "energy": 45.677839, "activity_lines": [ 30.378064, 30.094588, 28.263682, 27.399495 ] }, { "date": "2025-09-26", "close": 28.51414, "volume": 423515, "typical_volume": 212265.0, "trend": 26.534144, "fair_value": 17.600629, "relative_strength": 5.124152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.813554, "energy": 33.66911, "activity_lines": [ 29.721469, 29.927905, 28.415158, 27.5318 ] }, { "date": "2025-10-03", "close": 31.758147, "volume": 294457, "typical_volume": 215819.95, "trend": 26.819843, "fair_value": 17.7085, "relative_strength": 14.901669, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.254208, "energy": 40.422408, "activity_lines": [ 30.324159, 30.29086, 28.854973, 27.868832 ] }, { "date": "2025-10-10", "close": 29.858503, "volume": 109155, "typical_volume": 212286.8, "trend": 26.965183, "fair_value": 17.811207, "relative_strength": 10.027465, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.888387, "energy": 27.903792, "activity_lines": [ 30.182579, 30.248705, 29.080582, 28.064875 ] }, { "date": "2025-10-17", "close": 30.443009, "volume": 141201, "typical_volume": 212795.8, "trend": 27.117325, "fair_value": 17.920738, "relative_strength": 9.622794, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.659023, "energy": 27.558853, "activity_lines": [ 30.271554, 30.288735, 29.338263, 28.289251 ] }, { "date": "2025-10-24", "close": 34.524808, "volume": 353081, "typical_volume": 218425.5, "trend": 27.41377, "fair_value": 18.043538, "relative_strength": 20.952124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.865293, "energy": 50.193865, "activity_lines": [ 31.733468, 31.039382, 29.955674, 28.767153 ] }, { "date": "2025-10-31", "close": 33.582293, "volume": 150850, "typical_volume": 219287.0, "trend": 27.756152, "fair_value": 18.159255, "relative_strength": 16.004736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.694694, "energy": 62.530491, "activity_lines": [ 32.587658, 31.554013, 30.440832, 29.165122 ] }, { "date": "2025-11-07", "close": 34.074125, "volume": 147515, "typical_volume": 218952.4, "trend": 28.052157, "fair_value": 18.28446, "relative_strength": 18.773007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.215406, "energy": 71.587859, "activity_lines": [ 33.267916, 32.114451, 30.931641, 29.572733 ] }, { "date": "2025-11-14", "close": 34.310204, "volume": 138345, "typical_volume": 215435.15, "trend": 28.309112, "fair_value": 18.409686, "relative_strength": 18.51128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.612136, "energy": 76.384195, "activity_lines": [ 33.872468, 32.645416, 31.390362, 29.976478 ] }, { "date": "2025-11-21", "close": 29.893552, "volume": 220947, "typical_volume": 221366.7, "trend": 28.416943, "fair_value": 18.507097, "relative_strength": 4.747755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.030174, "energy": 39.730857, "activity_lines": [ 32.708023, 32.302156, 31.380513, 30.0787 ] }, { "date": "2025-11-28", "close": 32.12647, "volume": 182806, "typical_volume": 220748.5, "trend": 28.585275, "fair_value": 18.627238, "relative_strength": 8.025371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.774683, "energy": 27.388864, "activity_lines": [ 32.324514, 32.378235, 31.556466, 30.318024 ] }, { "date": "2025-12-05", "close": 32.382222, "volume": 138576, "typical_volume": 219605.05, "trend": 28.858499, "fair_value": 18.75273, "relative_strength": 7.886285, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.248282, "energy": 20.94122, "activity_lines": [ 32.186145, 32.464362, 31.719562, 30.562989 ] }, { "date": "2025-12-12", "close": 34.064288, "volume": 177772, "typical_volume": 214836.7, "trend": 29.168388, "fair_value": 18.889185, "relative_strength": 13.287963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.234726, "energy": 22.544376, "activity_lines": [ 32.68847, 32.78599, 32.008674, 30.898846 ] }, { "date": "2025-12-19", "close": 33.877392, "volume": 149938, "typical_volume": 199381.6, "trend": 29.467521, "fair_value": 19.024487, "relative_strength": 11.889486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.42991, "energy": 31.359657, "activity_lines": [ 33.129151, 33.031708, 32.253363, 31.202653 ] }, { "date": "2025-12-26", "close": 36.464428, "volume": 211800, "typical_volume": 201467.2, "trend": 29.871321, "fair_value": 19.17669, "relative_strength": 17.897148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.02107, "energy": 50.589714, "activity_lines": [ 34.461032, 33.674724, 32.718991, 31.654066 ] }, { "date": "2026-01-02", "close": 38.933425, "volume": 306134, "typical_volume": 198370.35, "trend": 30.315705, "fair_value": 19.343453, "relative_strength": 26.114754, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.30349, "energy": 72.679077, "activity_lines": [ 36.177854, 34.657169, 33.38283, 32.238718 ] }, { "date": "2026-01-09", "close": 39.090812, "volume": 438772, "typical_volume": 205404.8, "trend": 30.787648, "fair_value": 19.504436, "relative_strength": 23.553943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.735106, "energy": 74.937336, "activity_lines": [ 37.493341, 35.588073, 34.023733, 32.804854 ] }, { "date": "2026-01-16", "close": 40.290882, "volume": 189163, "typical_volume": 208498.65, "trend": 31.376881, "fair_value": 19.670352, "relative_strength": 26.691029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.097675, "energy": 79.84884, "activity_lines": [ 38.761612, 36.637017, 34.741274, 33.417966 ] }, { "date": "2026-01-23", "close": 34.920076, "volume": 294004, "typical_volume": 216417.6, "trend": 31.732759, "fair_value": 19.786138, "relative_strength": 9.707436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.186002, "energy": 61.694059, "activity_lines": [ 37.824508, 36.596418, 34.898745, 33.646559 ] }, { "date": "2026-01-30", "close": 32.618302, "volume": 260670, "typical_volume": 222749.75, "trend": 32.011589, "fair_value": 19.896807, "relative_strength": 1.672024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.955098, "energy": 26.834757, "activity_lines": [ 36.050634, 36.126227, 34.815448, 33.703691 ] }, { "date": "2026-02-06", "close": 34.898609, "volume": 302253, "typical_volume": 231547.7, "trend": 32.364488, "fair_value": 20.019695, "relative_strength": 8.493628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.473734, "energy": 17.820697, "activity_lines": [ 35.29327, 36.021096, 34.939846, 33.88995 ] }, { "date": "2026-02-13", "close": 33.689055, "volume": 167358, "typical_volume": 218739.85, "trend": 32.647318, "fair_value": 20.12682, "relative_strength": 5.694333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.733378, "energy": 20.644769, "activity_lines": [ 34.40171, 35.645643, 34.9263, 33.975406 ] }, { "date": "2026-02-20", "close": 32.25147, "volume": 139566, "typical_volume": 210995.3, "trend": 32.77325, "fair_value": 20.210611, "relative_strength": 0.001071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.734295, "energy": 18.877663, "activity_lines": [ 33.391072, 34.985051, 34.751199, 33.949867 ] }, { "date": "2026-02-27", "close": 30.109964, "volume": 155983, "typical_volume": 213336.7, "trend": 32.825795, "fair_value": 20.277507, "relative_strength": -6.130512, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -29.971638, "energy": 28.692271, "activity_lines": [ 32.202559, 33.968055, 34.369796, 33.778043 ] }, { "date": "2026-03-06", "close": 29.743132, "volume": 320527, "typical_volume": 222303.0, "trend": 32.860266, "fair_value": 20.353365, "relative_strength": -5.533316, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.385713, "energy": 39.133882, "activity_lines": [ 31.212443, 32.95286, 33.952259, 33.579161 ] }, { "date": "2026-03-13", "close": 31.319518, "volume": 451040, "typical_volume": 227200.95, "trend": 32.871948, "fair_value": 20.444124, "relative_strength": 0.928634, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.926964, "energy": 37.368157, "activity_lines": [ 30.939467, 32.346486, 33.688187, 33.479758 ] }, { "date": "2026-03-20", "close": 29.068955, "volume": 250743, "typical_volume": 232195.6, "trend": 32.801467, "fair_value": 20.524076, "relative_strength": -4.544367, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.002182, "energy": 46.396982, "activity_lines": [ 30.154909, 31.469354, 33.225039, 33.234404 ] }, { "date": "2026-03-27", "close": 30.308252, "volume": 191659, "typical_volume": 234402.8, "trend": 32.808666, "fair_value": 20.604416, "relative_strength": 1.750391, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.328337, "energy": 33.439525, "activity_lines": [ 30.091457, 30.999764, 32.901411, 33.073551 ] }, { "date": "2026-04-03", "close": 31.05183, "volume": 124014, "typical_volume": 233686.25, "trend": 32.830583, "fair_value": 20.688753, "relative_strength": 0.762861, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.001456, "energy": 23.857061, "activity_lines": [ 30.405413, 30.846873, 32.666533, 32.960207 ] }, { "date": "2026-04-10", "close": 30.903115, "volume": 326415, "typical_volume": 238959.65, "trend": 32.83975, "fair_value": 20.772227, "relative_strength": -3.118237, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.876322, "energy": 31.019837, "activity_lines": [ 30.607005, 30.737274, 32.433007, 32.835854 ] }, { "date": "2026-04-17", "close": 30.030649, "volume": 217447, "typical_volume": 240691.7, "trend": 32.836721, "fair_value": 20.850742, "relative_strength": -9.593991, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.090095, "energy": 28.551272, "activity_lines": [ 30.440444, 30.50023, 32.111583, 32.654622 ] }, { "date": "2026-04-24", "close": 26.798562, "volume": 296379, "typical_volume": 248581.85, "trend": 32.779535, "fair_value": 20.917498, "relative_strength": -19.374483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.175839, "energy": 44.730255, "activity_lines": [ 29.282444, 29.764043, 31.49232, 32.265063 ] }, { "date": "2026-05-01", "close": 28.06, "volume": 195151, "typical_volume": 249450.8, "trend": 32.656263, "fair_value": 21.001301, "relative_strength": -16.039907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.092009, "energy": 51.758991, "activity_lines": [ 28.696284, 29.382489, 31.019783, 31.960577 ] }, { "date": "2026-05-08", "close": 29.11, "volume": 128262, "typical_volume": 248367.0, "trend": 32.631313, "fair_value": 21.097852, "relative_strength": -14.764791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.220997, "energy": 53.315371, "activity_lines": [ 28.610007, 29.268053, 30.675838, 31.731786 ] }, { "date": "2026-05-15", "close": 28.31, "volume": 534691, "typical_volume": 264511.55, "trend": 32.560213, "fair_value": 21.196425, "relative_strength": -17.148191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.170476, "energy": 54.489405, "activity_lines": [ 28.386518, 29.026344, 30.278405, 31.452991 ] }, { "date": "2026-05-22", "close": 25.46, "volume": 462042, "typical_volume": 272306.95, "trend": 32.258053, "fair_value": 21.279987, "relative_strength": -25.847054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.38301, "energy": 54.575628, "activity_lines": [ 27.385904, 28.29251, 29.648373, 30.994913 ] }, { "date": "2026-05-29", "close": 26.38, "volume": 287152, "typical_volume": 264725.95, "trend": 32.017976, "fair_value": 21.362433, "relative_strength": -24.049112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.207734, "energy": 48.381375, "activity_lines": [ 26.996667, 27.832485, 29.17012, 30.615684 ] }, { "date": "2026-06-05", "close": 24.59, "volume": 207870, "typical_volume": 265661.3, "trend": 31.701839, "fair_value": 21.425575, "relative_strength": -27.083854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.93084, "energy": 66.977299, "activity_lines": [ 26.038667, 27.095896, 28.581918, 30.13646 ] }, { "date": "2026-06-12", "close": 25.88, "volume": 217650, "typical_volume": 261843.6, "trend": 31.420832, "fair_value": 21.494408, "relative_strength": -23.456508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.020057, "energy": 67.900708, "activity_lines": [ 25.742, 26.69782, 28.19134, 29.760857 ] }, { "date": "2026-06-19", "close": 24.78, "volume": 198364, "typical_volume": 258728.3, "trend": 31.25038, "fair_value": 21.559809, "relative_strength": -27.22278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.769794, "energy": 69.412247, "activity_lines": [ 25.294, 26.193778, 27.739047, 29.332416 ] }, { "date": "2026-06-26", "close": 24.696266, "volume": 274022, "typical_volume": 257316.75, "trend": 31.002707, "fair_value": 21.62576, "relative_strength": -25.514642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.498452, "energy": 68.186821, "activity_lines": [ 25.053422, 25.78584, 27.316106, 28.90957 ] }, { "date": "2026-07-03", "close": 25.534442, "volume": 172362, "typical_volume": 257566.95, "trend": 30.774447, "fair_value": 21.702966, "relative_strength": -24.461994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.707424, "energy": 46.471629, "activity_lines": [ 25.143152, 25.627288, 27.021573, 28.556779 ] }, { "date": "2026-07-10", "close": 25.045506, "volume": 168824, "typical_volume": 259029.85, "trend": 30.473821, "fair_value": 21.778939, "relative_strength": -26.712715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.660678, "energy": 44.606552, "activity_lines": [ 25.126273, 25.402821, 26.719306, 28.18717 ] }, { "date": "2026-07-17", "close": 24.347026, "volume": 175318, "typical_volume": 259996.6, "trend": 30.156143, "fair_value": 21.85333, "relative_strength": -27.396893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.238487, "energy": 44.855262, "activity_lines": [ 24.846201, 25.106167, 26.384831, 27.791893 ] }, { "date": "2026-07-24", "close": 22.451151, "volume": 279972, "typical_volume": 257968.85, "trend": 29.689033, "fair_value": 21.913532, "relative_strength": -32.227754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.998927, "energy": 54.377901, "activity_lines": [ 24.036368, 24.551409, 25.89724, 27.294796 ] }, { "date": "2026-07-31", "close": 21.99, "volume": 198415, "typical_volume": 245337.6, "trend": 29.124252, "fair_value": 21.969782, "relative_strength": -33.858225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.379815, "energy": 65.628502, "activity_lines": [ 23.228076, 24.019329, 25.400453, 26.798085 ] }, { "date": "2026-08-07", "close": 23.32, "volume": 133452, "typical_volume": 239473.05, "trend": 28.598559, "fair_value": 22.033743, "relative_strength": -31.783322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.048818, "energy": 62.299821, "activity_lines": [ 23.043534, 23.792158, 25.074758, 26.423617 ] } ], "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." } } }