{ "ticker": { "uuid": "d47ccb48-dec8-476b-8022-34c85cdd97fd", "symbol": "NPI", "name": "Northland Power Inc.", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": -2.317, "architecture_energy": 13.087, "architecture_maturity": 25.304, "architecture_confidence": 78.965, "architecture_tenure": "Developing", "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": 52.83, "rotation_up": 19.33, "upward_expansion": 41.52, "deceleration": 77.26, "rotation_down": 37.69, "downward_expansion": 37.85 }, "activity_lines": [ 21.818454, 21.910638, 22.316895, 22.246492 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 21.68, "trend_reference": 21.765949, "distance_from_trend": -0.003949, "trend_direction": "Improving", "fair_value": 20.23334, "distance_from_fair_value": 0.071499, "fair_value_direction": "Weakening", "relative_strength": -9.609958, "relative_strength_direction": "Weakening", "price_momentum": 0.132242, "excess_performance": 0.011821, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.003949, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.065262, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.071499, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.068254, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.0961, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.074459, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.132242, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.858097, "read": "Supply-led" } ], "volume": { "latest": 5078100, "relative_activity": 1.332464, "balance": 0.858097, "dry_up": 1.090307, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.04159, "annualized_volatility": 0.247989, "from_high_reference": -0.146312, "from_low_reference": 0.390185 }, "levels": { "trend_reference": 21.765949, "fair_value_reference": 20.23334, "structural_low": 18.949933, "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": 8, "median_return": 0.007895, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.015529, "regime_survival": 0.5, "best_return": 0.098163, "worst_return": -0.041865, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.07479, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.125793, "regime_survival": 0.0, "best_return": 0.095974, "worst_return": -0.20711, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.006109, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.196083, "regime_survival": 0.0, "best_return": 0.018012, "worst_return": -0.180689, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.14775, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.143325, "regime_survival": 0.0, "best_return": -0.14775, "worst_return": -0.14775, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.152671, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.081734, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-03-07", "tenure": "Established", "return": -0.009315, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": 0.058575, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.05161, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.098698, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-08-22", "tenure": "Established", "return": 0.098855, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.021124, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": 0.166886, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-12", "tenure": "Developing", "return": -0.047044, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-02-20", "tenure": "Developing", "return": 0.163537, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.081024, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-12", "tenure": "Developing", "return": -0.020763, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.042313, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.185062, "volume": 6324700, "typical_volume": 3984295.0, "trend": 25.92762, "fair_value": 31.935196, "relative_strength": -26.81012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.291273, "energy": 81.890526, "activity_lines": [ 21.050962, 21.849176, 23.180962, 24.406666 ] }, { "date": "2023-08-25", "close": 22.046938, "volume": 5943600, "typical_volume": 4171400.0, "trend": 25.644349, "fair_value": 31.889764, "relative_strength": -23.087924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.13042, "energy": 70.035715, "activity_lines": [ 21.222408, 21.788492, 22.938178, 24.156299 ] }, { "date": "2023-09-01", "close": 21.950731, "volume": 5315000, "typical_volume": 4291775.0, "trend": 25.406033, "fair_value": 31.849112, "relative_strength": -25.211611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.419427, "energy": 57.736333, "activity_lines": [ 21.455222, 21.73672, 22.719724, 23.918001 ] }, { "date": "2023-09-08", "close": 20.921118, "volume": 4031900, "typical_volume": 4325745.0, "trend": 25.162688, "fair_value": 31.803373, "relative_strength": -26.211193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.235357, "energy": 52.202115, "activity_lines": [ 21.366186, 21.515324, 22.435582, 23.628652 ] }, { "date": "2023-09-15", "close": 20.877859, "volume": 6357600, "typical_volume": 4482160.0, "trend": 24.91593, "fair_value": 31.743386, "relative_strength": -27.417056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.573453, "energy": 48.984595, "activity_lines": [ 21.280327, 21.33701, 22.184231, 23.352211 ] }, { "date": "2023-09-22", "close": 20.202976, "volume": 4982000, "typical_volume": 4581285.0, "trend": 24.656252, "fair_value": 31.672668, "relative_strength": -25.870936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.335477, "energy": 54.343047, "activity_lines": [ 20.882538, 21.072738, 21.904221, 23.04815 ] }, { "date": "2023-09-29", "close": 19.224115, "volume": 6136700, "typical_volume": 4390980.0, "trend": 24.362533, "fair_value": 31.589656, "relative_strength": -27.74412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.791, "energy": 62.117498, "activity_lines": [ 20.223935, 20.683257, 21.566324, 22.697689 ] }, { "date": "2023-10-06", "close": 18.963396, "volume": 5261600, "typical_volume": 4471220.0, "trend": 24.046846, "fair_value": 31.497489, "relative_strength": -26.853809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.027994, "energy": 73.19917, "activity_lines": [ 19.666614, 20.323179, 21.230888, 22.349358 ] }, { "date": "2023-10-13", "close": 18.833029, "volume": 3544500, "typical_volume": 4521345.0, "trend": 23.72992, "fair_value": 31.392301, "relative_strength": -27.386655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.84691, "energy": 79.466882, "activity_lines": [ 19.264992, 19.999537, 20.913721, 22.012983 ] }, { "date": "2023-10-20", "close": 17.425117, "volume": 5763300, "typical_volume": 4616750.0, "trend": 23.372279, "fair_value": 31.28724, "relative_strength": -30.828358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.375018, "energy": 86.428546, "activity_lines": [ 18.533273, 19.462676, 20.49361, 21.606221 ] }, { "date": "2023-10-27", "close": 17.259993, "volume": 4251300, "typical_volume": 4664090.0, "trend": 22.987621, "fair_value": 31.179494, "relative_strength": -29.279101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.690591, "energy": 85.795618, "activity_lines": [ 17.976695, 18.93485, 20.096067, 21.21188 ] }, { "date": "2023-11-03", "close": 19.504841, "volume": 5646400, "typical_volume": 4672280.0, "trend": 22.668441, "fair_value": 31.077876, "relative_strength": -23.66184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.006207, "energy": 57.79294, "activity_lines": [ 18.364599, 18.886543, 19.94647, 20.987185 ] }, { "date": "2023-11-10", "close": 18.840988, "volume": 5045500, "typical_volume": 4753135.0, "trend": 22.338184, "fair_value": 30.981429, "relative_strength": -24.838466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.01238, "energy": 55.01371, "activity_lines": [ 18.512503, 18.763756, 19.752669, 20.740252 ] }, { "date": "2023-11-17", "close": 19.670801, "volume": 4892900, "typical_volume": 4846120.0, "trend": 22.038137, "fair_value": 30.891265, "relative_strength": -22.884724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.646965, "energy": 38.596216, "activity_lines": [ 18.945172, 18.848385, 19.65731, 20.568163 ] }, { "date": "2023-11-24", "close": 19.199116, "volume": 2329900, "typical_volume": 4854685.0, "trend": 21.732868, "fair_value": 30.779109, "relative_strength": -23.745707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.825906, "energy": 26.34607, "activity_lines": [ 19.164762, 18.869986, 19.536326, 20.385 ] }, { "date": "2023-12-01", "close": 19.813597, "volume": 5420800, "typical_volume": 4849110.0, "trend": 21.472522, "fair_value": 30.68288, "relative_strength": -21.959688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.768325, "energy": 21.140769, "activity_lines": [ 19.470911, 19.033833, 19.491483, 20.261176 ] }, { "date": "2023-12-08", "close": 19.883801, "volume": 4468900, "typical_volume": 4856400.0, "trend": 21.303471, "fair_value": 30.586085, "relative_strength": -20.455175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.284593, "energy": 21.32276, "activity_lines": [ 19.630222, 19.217524, 19.468999, 20.158678 ] }, { "date": "2023-12-15", "close": 21.401848, "volume": 8692000, "typical_volume": 5154635.0, "trend": 21.169958, "fair_value": 30.505166, "relative_strength": -14.34867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.647172, "energy": 14.800687, "activity_lines": [ 20.270285, 19.66523, 19.608066, 20.165025 ] }, { "date": "2023-12-22", "close": 21.235123, "volume": 3832300, "typical_volume": 5109300.0, "trend": 21.032025, "fair_value": 30.413681, "relative_strength": -15.64096, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.611825, "energy": 21.337692, "activity_lines": [ 20.684048, 20.038286, 19.735393, 20.169229 ] }, { "date": "2023-12-29", "close": 21.209274, "volume": 1868600, "typical_volume": 5005475.0, "trend": 20.89011, "fair_value": 30.317148, "relative_strength": -15.24003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.921033, "energy": 31.918041, "activity_lines": [ 20.984907, 20.362968, 19.86002, 20.180665 ] }, { "date": "2024-01-05", "close": 21.253332, "volume": 2770900, "typical_volume": 4827785.0, "trend": 20.784167, "fair_value": 30.194783, "relative_strength": -14.167647, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.501406, "energy": 41.160066, "activity_lines": [ 21.166441, 20.626858, 19.981053, 20.204098 ] }, { "date": "2024-01-12", "close": 21.711533, "volume": 4704600, "typical_volume": 4765835.0, "trend": 20.724578, "fair_value": 30.09699, "relative_strength": -11.76216, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.027356, "energy": 50.29094, "activity_lines": [ 21.404727, 20.901451, 20.145399, 20.263928 ] }, { "date": "2024-01-19", "close": 21.667473, "volume": 5466500, "typical_volume": 4773410.0, "trend": 20.68291, "fair_value": 29.982675, "relative_strength": -10.868671, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.791295, "energy": 43.158922, "activity_lines": [ 21.506478, 21.127911, 20.307146, 20.32476 ] }, { "date": "2024-01-26", "close": 21.83489, "volume": 3726200, "typical_volume": 4758125.0, "trend": 20.619965, "fair_value": 29.883644, "relative_strength": -10.457214, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.606107, "energy": 42.328459, "activity_lines": [ 21.646325, 21.33342, 20.486186, 20.399082 ] }, { "date": "2024-02-02", "close": 22.073513, "volume": 4729500, "typical_volume": 4676720.0, "trend": 20.592449, "fair_value": 29.765738, "relative_strength": -8.766495, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.119479, "energy": 53.12307, "activity_lines": [ 21.825729, 21.542968, 20.683601, 20.492859 ] }, { "date": "2024-02-09", "close": 20.454498, "volume": 3895800, "typical_volume": 4622410.0, "trend": 20.504097, "fair_value": 29.645768, "relative_strength": -14.58808, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.03493, "energy": 25.644114, "activity_lines": [ 21.407846, 21.405888, 20.721131, 20.483959 ] }, { "date": "2024-02-16", "close": 21.233038, "volume": 4223400, "typical_volume": 4526745.0, "trend": 20.430248, "fair_value": 29.534921, "relative_strength": -11.798422, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.913803, "energy": 27.556592, "activity_lines": [ 21.302732, 21.398708, 20.831609, 20.530987 ] }, { "date": "2024-02-23", "close": 20.401411, "volume": 3368400, "typical_volume": 4432085.0, "trend": 20.367927, "fair_value": 29.449668, "relative_strength": -15.255458, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.487754, "energy": 18.109892, "activity_lines": [ 20.952308, 21.215791, 20.853319, 20.529127 ] }, { "date": "2024-03-01", "close": 20.34794, "volume": 7604700, "typical_volume": 4635095.0, "trend": 20.340023, "fair_value": 29.365504, "relative_strength": -15.418636, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.824619, "energy": 20.405307, "activity_lines": [ 20.668464, 21.041343, 20.863089, 20.527837 ] }, { "date": "2024-03-08", "close": 21.076557, "volume": 5160700, "typical_volume": 4604965.0, "trend": 20.39013, "fair_value": 29.275988, "relative_strength": -12.429462, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.386126, "energy": 17.703127, "activity_lines": [ 20.726623, 21.0155, 20.935036, 20.575356 ] }, { "date": "2024-03-15", "close": 20.081377, "volume": 5811200, "typical_volume": 4682960.0, "trend": 20.353341, "fair_value": 29.185105, "relative_strength": -16.200973, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.140831, "energy": 12.496595, "activity_lines": [ 20.51952, 20.811129, 20.894817, 20.555436 ] }, { "date": "2024-03-22", "close": 20.125811, "volume": 4396500, "typical_volume": 4620465.0, "trend": 20.289303, "fair_value": 29.08341, "relative_strength": -15.750591, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.500232, "energy": 12.881111, "activity_lines": [ 20.352102, 20.636145, 20.845395, 20.540757 ] }, { "date": "2024-03-29", "close": 19.754459, "volume": 7696200, "typical_volume": 4753000.0, "trend": 20.216094, "fair_value": 28.977131, "relative_strength": -17.193636, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.790597, "energy": 22.646948, "activity_lines": [ 20.134715, 20.422474, 20.757648, 20.506251 ] }, { "date": "2024-04-05", "close": 19.906204, "volume": 4486000, "typical_volume": 4732655.0, "trend": 20.182264, "fair_value": 28.865727, "relative_strength": -16.104409, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.815583, "energy": 29.289291, "activity_lines": [ 20.01104, 20.271175, 20.680004, 20.486258 ] }, { "date": "2024-04-12", "close": 19.76338, "volume": 4482000, "typical_volume": 4840260.0, "trend": 20.145114, "fair_value": 28.769037, "relative_strength": -14.557985, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.772968, "energy": 32.504802, "activity_lines": [ 19.869206, 20.128975, 20.587636, 20.459233 ] }, { "date": "2024-04-19", "close": 18.513664, "volume": 5583700, "typical_volume": 4848405.0, "trend": 20.088804, "fair_value": 28.661621, "relative_strength": -18.827852, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.178044, "energy": 47.637752, "activity_lines": [ 19.398345, 19.801556, 20.373561, 20.353978 ] }, { "date": "2024-04-26", "close": 18.299427, "volume": 4891000, "typical_volume": 4869510.0, "trend": 20.057981, "fair_value": 28.561453, "relative_strength": -19.557613, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.666829, "energy": 57.729049, "activity_lines": [ 18.960587, 19.470473, 20.145273, 20.238535 ] }, { "date": "2024-05-03", "close": 19.402771, "volume": 5538600, "typical_volume": 4711840.0, "trend": 20.072627, "fair_value": 28.484282, "relative_strength": -13.885915, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.951181, "energy": 47.87926, "activity_lines": [ 19.012368, 19.393336, 20.029609, 20.196263 ] }, { "date": "2024-05-10", "close": 19.447624, "volume": 3837200, "typical_volume": 4712085.0, "trend": 20.093113, "fair_value": 28.411917, "relative_strength": -14.524473, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.362633, "energy": 44.75154, "activity_lines": [ 19.102546, 19.342511, 19.927737, 20.15594 ] }, { "date": "2024-05-17", "close": 21.618446, "volume": 6321500, "typical_volume": 4934730.0, "trend": 20.232891, "fair_value": 28.345096, "relative_strength": -5.133404, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 14.209811, "energy": 9.021558, "activity_lines": [ 19.946904, 19.702751, 20.041121, 20.254349 ] }, { "date": "2024-05-24", "close": 21.169931, "volume": 3280900, "typical_volume": 4960230.0, "trend": 20.363222, "fair_value": 28.272688, "relative_strength": -5.919989, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.570936, "energy": 19.390329, "activity_lines": [ 20.518085, 19.97159, 20.109842, 20.314803 ] }, { "date": "2024-05-31", "close": 20.990211, "volume": 4133800, "typical_volume": 4931690.0, "trend": 20.412735, "fair_value": 28.197584, "relative_strength": -5.910824, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.689712, "energy": 26.429473, "activity_lines": [ 20.852276, 20.187961, 20.161843, 20.355254 ] }, { "date": "2024-06-07", "close": 21.665861, "volume": 4266500, "typical_volume": 4871690.0, "trend": 20.506897, "fair_value": 28.123155, "relative_strength": -1.263624, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.839431, "energy": 36.253367, "activity_lines": [ 21.232297, 20.511461, 20.281627, 20.436101 ] }, { "date": "2024-06-14", "close": 21.512718, "volume": 4576900, "typical_volume": 4914225.0, "trend": 20.568294, "fair_value": 28.045839, "relative_strength": 0.056979, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.47777, "energy": 48.074736, "activity_lines": [ 21.410398, 20.772364, 20.386833, 20.500992 ] }, { "date": "2024-06-21", "close": 21.098316, "volume": 3770100, "typical_volume": 4866255.0, "trend": 20.631601, "fair_value": 27.967875, "relative_strength": -1.101619, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.563811, "energy": 38.51739, "activity_lines": [ 21.312693, 20.928711, 20.454107, 20.535187 ] }, { "date": "2024-06-28", "close": 21.277468, "volume": 4574300, "typical_volume": 4900180.0, "trend": 20.680397, "fair_value": 27.883839, "relative_strength": -1.333107, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.757713, "energy": 33.409955, "activity_lines": [ 21.309379, 21.093361, 20.543086, 20.576856 ] }, { "date": "2024-07-05", "close": 21.467447, "volume": 2766200, "typical_volume": 4827320.0, "trend": 20.733185, "fair_value": 27.800195, "relative_strength": -0.928056, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.929609, "energy": 26.769947, "activity_lines": [ 21.362223, 21.242301, 20.64624, 20.627634 ] }, { "date": "2024-07-12", "close": 22.299726, "volume": 3023600, "typical_volume": 4810080.0, "trend": 20.763114, "fair_value": 27.720854, "relative_strength": 0.432028, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.729865, "energy": 34.287473, "activity_lines": [ 21.660678, 21.484964, 20.827543, 20.728701 ] }, { "date": "2024-07-19", "close": 20.816097, "volume": 3825000, "typical_volume": 4621095.0, "trend": 20.749147, "fair_value": 27.630455, "relative_strength": -5.906158, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.750536, "energy": 22.791271, "activity_lines": [ 21.422332, 21.405204, 20.858507, 20.732119 ] }, { "date": "2024-07-26", "close": 20.978935, "volume": 3676700, "typical_volume": 4546895.0, "trend": 20.741469, "fair_value": 27.538463, "relative_strength": -5.377659, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 39.801702, "energy": 24.270517, "activity_lines": [ 21.284707, 21.33017, 20.902751, 20.746944 ] }, { "date": "2024-08-02", "close": 20.879457, "volume": 5132400, "typical_volume": 4512955.0, "trend": 20.729006, "fair_value": 27.450385, "relative_strength": -3.132325, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.205224, "energy": 18.525143, "activity_lines": [ 21.121881, 21.248677, 20.937986, 20.755847 ] }, { "date": "2024-08-09", "close": 21.361012, "volume": 3912200, "typical_volume": 4488740.0, "trend": 20.717322, "fair_value": 27.380137, "relative_strength": -1.266639, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.546491, "energy": 20.121055, "activity_lines": [ 21.146108, 21.26002, 21.015282, 20.796621 ] }, { "date": "2024-08-16", "close": 20.852205, "volume": 5932500, "typical_volume": 4400555.0, "trend": 20.690146, "fair_value": 27.29742, "relative_strength": -6.420563, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.267367, "energy": 17.284575, "activity_lines": [ 21.007827, 21.172111, 21.038239, 20.805323 ] }, { "date": "2024-08-23", "close": 19.707369, "volume": 5668600, "typical_volume": 4459685.0, "trend": 20.619229, "fair_value": 27.206588, "relative_strength": -11.973136, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.617978, "energy": 19.244286, "activity_lines": [ 20.584437, 20.890844, 20.946937, 20.741918 ] }, { "date": "2024-08-30", "close": 18.833231, "volume": 28038600, "typical_volume": 5637515.0, "trend": 20.51122, "fair_value": 27.106678, "relative_strength": -15.652663, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.294404, "energy": 44.642603, "activity_lines": [ 19.943582, 20.483467, 20.77333, 20.626693 ] }, { "date": "2024-09-06", "close": 18.659775, "volume": 8181500, "typical_volume": 5767405.0, "trend": 20.451396, "fair_value": 27.011257, "relative_strength": -13.971728, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.966005, "energy": 61.096177, "activity_lines": [ 19.387955, 20.085736, 20.587633, 20.507245 ] }, { "date": "2024-09-13", "close": 20.403423, "volume": 7130200, "typical_volume": 5879365.0, "trend": 20.423742, "fair_value": 26.922865, "relative_strength": -8.804938, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.823349, "energy": 49.167856, "activity_lines": [ 19.561523, 20.052627, 20.567302, 20.50415 ] }, { "date": "2024-09-20", "close": 20.768587, "volume": 6537900, "typical_volume": 5929330.0, "trend": 20.435981, "fair_value": 26.840184, "relative_strength": -8.052865, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.003829, "energy": 30.143877, "activity_lines": [ 19.920652, 20.105257, 20.571729, 20.526398 ] }, { "date": "2024-09-27", "close": 21.508589, "volume": 9095700, "typical_volume": 6192255.0, "trend": 20.474669, "fair_value": 26.771906, "relative_strength": -4.966058, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 21.633025, "energy": 11.657775, "activity_lines": [ 20.532023, 20.320271, 20.640128, 20.595598 ] }, { "date": "2024-10-04", "close": 20.445076, "volume": 4978200, "typical_volume": 6125090.0, "trend": 20.45362, "fair_value": 26.704192, "relative_strength": -10.180796, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.150049, "energy": 16.222516, "activity_lines": [ 20.668808, 20.329329, 20.597427, 20.593689 ] }, { "date": "2024-10-11", "close": 19.555763, "volume": 4039600, "typical_volume": 6163025.0, "trend": 20.436099, "fair_value": 26.617835, "relative_strength": -14.877627, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.251713, "energy": 12.385622, "activity_lines": [ 20.401699, 20.1864, 20.475617, 20.535763 ] }, { "date": "2024-10-18", "close": 20.536758, "volume": 4859200, "typical_volume": 6199295.0, "trend": 20.449798, "fair_value": 26.540209, "relative_strength": -11.720378, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.289493, "energy": 5.595009, "activity_lines": [ 20.401856, 20.245901, 20.454921, 20.542257 ] }, { "date": "2024-10-25", "close": 20.032507, "volume": 4024700, "typical_volume": 6187205.0, "trend": 20.459066, "fair_value": 26.46127, "relative_strength": -12.441209, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.293013, "energy": 13.029155, "activity_lines": [ 20.22504, 20.228706, 20.388361, 20.515335 ] }, { "date": "2024-11-01", "close": 19.114862, "volume": 4428400, "typical_volume": 6179780.0, "trend": 20.432688, "fair_value": 26.379055, "relative_strength": -15.393284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.973594, "energy": 44.308572, "activity_lines": [ 19.791414, 20.059571, 20.242183, 20.428612 ] }, { "date": "2024-11-08", "close": 18.774017, "volume": 5399400, "typical_volume": 6261245.0, "trend": 20.399709, "fair_value": 26.295749, "relative_strength": -18.256023, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.996302, "energy": 54.184192, "activity_lines": [ 19.403756, 19.839236, 20.074963, 20.321601 ] }, { "date": "2024-11-15", "close": 18.6082, "volume": 5253200, "typical_volume": 6295190.0, "trend": 20.40286, "fair_value": 26.206534, "relative_strength": -19.02369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.469443, "energy": 62.635681, "activity_lines": [ 19.072228, 19.58983, 19.903019, 20.20602 ] }, { "date": "2024-11-22", "close": 18.1476, "volume": 5822300, "typical_volume": 6447995.0, "trend": 20.397799, "fair_value": 26.119421, "relative_strength": -22.355203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.962608, "energy": 71.652018, "activity_lines": [ 18.650339, 19.257615, 19.699919, 20.060519 ] }, { "date": "2024-11-29", "close": 18.801737, "volume": 5794900, "typical_volume": 6586560.0, "trend": 20.377765, "fair_value": 26.044808, "relative_strength": -19.799657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.404548, "energy": 65.738933, "activity_lines": [ 18.605772, 19.08535, 19.574926, 19.957547 ] }, { "date": "2024-12-06", "close": 17.607542, "volume": 6240900, "typical_volume": 6707355.0, "trend": 20.316429, "fair_value": 25.962749, "relative_strength": -24.557139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.417869, "energy": 71.141407, "activity_lines": [ 18.245192, 18.731719, 19.352858, 19.778823 ] }, { "date": "2024-12-13", "close": 17.181698, "volume": 6918600, "typical_volume": 6869450.0, "trend": 20.168537, "fair_value": 25.876237, "relative_strength": -24.586632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.786063, "energy": 76.170919, "activity_lines": [ 17.843151, 18.371591, 19.105512, 19.576582 ] }, { "date": "2024-12-20", "close": 16.746601, "volume": 7360800, "typical_volume": 6980870.0, "trend": 20.021093, "fair_value": 25.785995, "relative_strength": -23.934504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.668771, "energy": 78.246683, "activity_lines": [ 17.402233, 17.991688, 18.83481, 19.355812 ] }, { "date": "2024-12-27", "close": 16.77438, "volume": 2224400, "typical_volume": 6896480.0, "trend": 19.880565, "fair_value": 25.694723, "relative_strength": -23.864503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.730096, "energy": 80.821007, "activity_lines": [ 17.094681, 17.667911, 18.586434, 19.146347 ] }, { "date": "2025-01-03", "close": 17.287533, "volume": 3186400, "typical_volume": 6759175.0, "trend": 19.734621, "fair_value": 25.616484, "relative_strength": -21.851829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.319013, "energy": 75.301636, "activity_lines": [ 17.049728, 17.505841, 18.408771, 18.979055 ] }, { "date": "2025-01-10", "close": 17.008251, "volume": 4273900, "typical_volume": 6689440.0, "trend": 19.584472, "fair_value": 25.540855, "relative_strength": -21.570709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.706436, "energy": 63.506601, "activity_lines": [ 17.012628, 17.342902, 18.221484, 18.80316 ] }, { "date": "2025-01-17", "close": 17.911264, "volume": 6913700, "typical_volume": 5633195.0, "trend": 19.478237, "fair_value": 25.465828, "relative_strength": -17.814755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.281772, "energy": 44.430735, "activity_lines": [ 17.316486, 17.382449, 18.133051, 18.695211 ] }, { "date": "2025-01-24", "close": 16.310051, "volume": 5832700, "typical_volume": 5515755.0, "trend": 19.312656, "fair_value": 25.383674, "relative_strength": -25.692743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.687126, "energy": 48.05273, "activity_lines": [ 17.037967, 17.146553, 17.896512, 18.490812 ] }, { "date": "2025-01-31", "close": 15.930838, "volume": 7016500, "typical_volume": 5510070.0, "trend": 19.128103, "fair_value": 25.298931, "relative_strength": -26.914279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.954841, "energy": 53.362592, "activity_lines": [ 16.662148, 16.883493, 17.635047, 18.27263 ] }, { "date": "2025-02-07", "close": 15.584311, "volume": 6014500, "typical_volume": 5483900.0, "trend": 18.904256, "fair_value": 25.210338, "relative_strength": -27.662222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.326606, "energy": 62.001739, "activity_lines": [ 16.227056, 16.597733, 17.361878, 18.043998 ] }, { "date": "2025-02-14", "close": 16.090052, "volume": 4488300, "typical_volume": 5253530.0, "trend": 18.746721, "fair_value": 25.119472, "relative_strength": -24.805154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.017866, "energy": 73.951103, "activity_lines": [ 16.074092, 16.462425, 17.161561, 17.862437 ] }, { "date": "2025-02-21", "close": 16.717545, "volume": 4572600, "typical_volume": 5233250.0, "trend": 18.604674, "fair_value": 25.025948, "relative_strength": -20.302535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.756601, "energy": 61.282278, "activity_lines": [ 16.191506, 16.468797, 17.046808, 17.731522 ] }, { "date": "2025-02-28", "close": 18.707903, "volume": 8186500, "typical_volume": 5440595.0, "trend": 18.532289, "fair_value": 24.930908, "relative_strength": -11.255338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.033406, "energy": 18.626279, "activity_lines": [ 17.051954, 16.845492, 17.139363, 17.738182 ] }, { "date": "2025-03-07", "close": 18.434864, "volume": 5780700, "typical_volume": 5486670.0, "trend": 18.434751, "fair_value": 24.832064, "relative_strength": -9.838791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.599443, "energy": 17.613027, "activity_lines": [ 17.661532, 17.136883, 17.209951, 17.731897 ] }, { "date": "2025-03-14", "close": 17.841711, "volume": 5306800, "typical_volume": 5550775.0, "trend": 18.334401, "fair_value": 24.722834, "relative_strength": -11.613727, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.182203, "energy": 23.087473, "activity_lines": [ 17.906457, 17.290238, 17.234058, 17.693636 ] }, { "date": "2025-03-21", "close": 18.886791, "volume": 6554700, "typical_volume": 5657090.0, "trend": 18.307049, "fair_value": 24.628204, "relative_strength": -7.648402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.655899, "energy": 37.300453, "activity_lines": [ 18.349249, 17.623531, 17.368129, 17.729274 ] }, { "date": "2025-03-28", "close": 18.5196, "volume": 4871200, "typical_volume": 5630680.0, "trend": 18.296594, "fair_value": 24.527258, "relative_strength": -8.370337, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.305467, "energy": 34.735929, "activity_lines": [ 18.483195, 17.855907, 17.468315, 17.742987 ] }, { "date": "2025-04-04", "close": 17.563808, "volume": 3722900, "typical_volume": 5554165.0, "trend": 18.260062, "fair_value": 24.419076, "relative_strength": -6.933058, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -1.853197, "energy": 17.672146, "activity_lines": [ 18.178407, 17.903441, 17.478685, 17.69571 ] }, { "date": "2025-04-11", "close": 17.525955, "volume": 4102900, "typical_volume": 5468195.0, "trend": 18.164146, "fair_value": 24.320156, "relative_strength": -8.340648, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -6.306889, "energy": 10.816229, "activity_lines": [ 17.937273, 17.921298, 17.490423, 17.648349 ] }, { "date": "2025-04-18", "close": 17.450253, "volume": 3099000, "typical_volume": 5333400.0, "trend": 18.053535, "fair_value": 24.219431, "relative_strength": -10.74852, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.695237, "energy": 13.654446, "activity_lines": [ 17.7315, 17.896389, 17.497912, 17.602291 ] }, { "date": "2025-04-25", "close": 17.847712, "volume": 3500700, "typical_volume": 5196390.0, "trend": 17.931506, "fair_value": 24.128605, "relative_strength": -10.392113, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.645665, "energy": 17.217845, "activity_lines": [ 17.68431, 17.909819, 17.54969, 17.589012 ] }, { "date": "2025-05-02", "close": 17.391052, "volume": 3124400, "typical_volume": 5006680.0, "trend": 17.829705, "fair_value": 24.032311, "relative_strength": -13.413538, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.51416, "energy": 15.772294, "activity_lines": [ 17.554172, 17.808262, 17.556832, 17.554144 ] }, { "date": "2025-05-09", "close": 18.323397, "volume": 3084200, "typical_volume": 4792850.0, "trend": 17.788626, "fair_value": 23.946757, "relative_strength": -9.62208, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.52177, "energy": 6.818767, "activity_lines": [ 17.810053, 17.863977, 17.651773, 17.585995 ] }, { "date": "2025-05-16", "close": 19.683855, "volume": 5902300, "typical_volume": 4976745.0, "trend": 17.760196, "fair_value": 23.864419, "relative_strength": -4.739439, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.445239, "energy": 39.127346, "activity_lines": [ 18.46878, 18.174039, 17.868772, 17.708268 ] }, { "date": "2025-05-23", "close": 19.255733, "volume": 3873400, "typical_volume": 5011095.0, "trend": 17.734304, "fair_value": 23.782301, "relative_strength": -6.016099, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.954302, "energy": 56.847846, "activity_lines": [ 18.840939, 18.383552, 18.031143, 17.804754 ] }, { "date": "2025-05-30", "close": 19.559072, "volume": 3174400, "typical_volume": 4956120.0, "trend": 17.749111, "fair_value": 23.703136, "relative_strength": -5.161829, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.825048, "energy": 70.684966, "activity_lines": [ 19.193847, 18.622507, 18.213031, 17.922481 ] }, { "date": "2025-06-06", "close": 19.836308, "volume": 3249000, "typical_volume": 4772885.0, "trend": 17.784521, "fair_value": 23.619273, "relative_strength": -4.19488, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.883031, "energy": 75.144832, "activity_lines": [ 19.525076, 18.899646, 18.409176, 18.057139 ] }, { "date": "2025-06-13", "close": 20.86875, "volume": 4059900, "typical_volume": 4684245.0, "trend": 17.859872, "fair_value": 23.557526, "relative_strength": 1.018024, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.971921, "energy": 81.971415, "activity_lines": [ 20.037435, 19.340562, 18.694481, 18.256122 ] }, { "date": "2025-06-20", "close": 20.80183, "volume": 4342900, "typical_volume": 4550565.0, "trend": 17.948347, "fair_value": 23.486274, "relative_strength": 1.203775, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.484682, "energy": 82.511586, "activity_lines": [ 20.357797, 19.70922, 18.951705, 18.445925 ] }, { "date": "2025-06-27", "close": 20.457682, "volume": 3235000, "typical_volume": 4411590.0, "trend": 18.003545, "fair_value": 23.4135, "relative_strength": -0.688819, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.839727, "energy": 78.101159, "activity_lines": [ 20.488911, 19.955745, 19.152958, 18.607818 ] }, { "date": "2025-07-04", "close": 21.600622, "volume": 2425600, "typical_volume": 4308455.0, "trend": 18.136647, "fair_value": 23.341615, "relative_strength": 3.921791, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.956063, "energy": 85.699735, "activity_lines": [ 20.920876, 20.355396, 19.439856, 18.839887 ] }, { "date": "2025-07-11", "close": 21.946386, "volume": 3485300, "typical_volume": 4254090.0, "trend": 18.29547, "fair_value": 23.270721, "relative_strength": 6.148431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.703155, "energy": 88.196189, "activity_lines": [ 21.331992, 20.749679, 19.733443, 19.085677 ] }, { "date": "2025-07-18", "close": 22.128876, "volume": 3578500, "typical_volume": 4023690.0, "trend": 18.47488, "fair_value": 23.197167, "relative_strength": 6.178145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.411705, "energy": 85.309675, "activity_lines": [ 21.663266, 21.094318, 20.019511, 19.332994 ] }, { "date": "2025-07-25", "close": 21.975201, "volume": 4390900, "typical_volume": 3954200.0, "trend": 18.64824, "fair_value": 23.114104, "relative_strength": 5.067435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.595219, "energy": 80.197277, "activity_lines": [ 21.859306, 21.341825, 20.274653, 19.558821 ] }, { "date": "2025-08-01", "close": 21.560104, "volume": 3420200, "typical_volume": 3859870.0, "trend": 18.790659, "fair_value": 23.024594, "relative_strength": 5.267454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.585564, "energy": 61.615011, "activity_lines": [ 21.838756, 21.472199, 20.473403, 19.746683 ] }, { "date": "2025-08-08", "close": 21.405758, "volume": 2446700, "typical_volume": 3654470.0, "trend": 18.937243, "fair_value": 22.917824, "relative_strength": 2.21716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.962151, "energy": 55.457414, "activity_lines": [ 21.693263, 21.532613, 20.639747, 19.915399 ] }, { "date": "2025-08-15", "close": 21.164595, "volume": 4615100, "typical_volume": 3641665.0, "trend": 19.045687, "fair_value": 22.812496, "relative_strength": 0.909523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.91193, "energy": 44.343739, "activity_lines": [ 21.480373, 21.515603, 20.771127, 20.059099 ] }, { "date": "2025-08-22", "close": 21.492579, "volume": 3621900, "typical_volume": 3636615.0, "trend": 19.218438, "fair_value": 22.706603, "relative_strength": 1.153889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.248296, "energy": 38.57466, "activity_lines": [ 21.428931, 21.534075, 20.921149, 20.216963 ] }, { "date": "2025-08-29", "close": 21.559927, "volume": 3748000, "typical_volume": 3618870.0, "trend": 19.406074, "fair_value": 22.606486, "relative_strength": 0.783014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.156705, "energy": 35.727154, "activity_lines": [ 21.442357, 21.55345, 21.058877, 20.368027 ] }, { "date": "2025-09-05", "close": 21.734348, "volume": 2763800, "typical_volume": 3602110.0, "trend": 19.611076, "fair_value": 22.506898, "relative_strength": 0.080591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.245439, "energy": 37.494011, "activity_lines": [ 21.541609, 21.590755, 21.194007, 20.518238 ] }, { "date": "2025-09-12", "close": 22.015352, "volume": 3014100, "typical_volume": 3577780.0, "trend": 19.808586, "fair_value": 22.408791, "relative_strength": 0.862795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.762172, "energy": 47.30929, "activity_lines": [ 21.722912, 21.655939, 21.335499, 20.673353 ] }, { "date": "2025-09-19", "close": 21.395203, "volume": 5731800, "typical_volume": 3708150.0, "trend": 19.964508, "fair_value": 22.320447, "relative_strength": -3.19585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.870415, "energy": 39.53415, "activity_lines": [ 21.65686, 21.600828, 21.398083, 20.775715 ] }, { "date": "2025-09-26", "close": 21.966906, "volume": 3032900, "typical_volume": 3705585.0, "trend": 20.073141, "fair_value": 22.244494, "relative_strength": -0.172479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.964922, "energy": 41.026589, "activity_lines": [ 21.766001, 21.659685, 21.496047, 20.904902 ] }, { "date": "2025-10-03", "close": 23.73827, "volume": 5404000, "typical_volume": 3680670.0, "trend": 20.249921, "fair_value": 22.189702, "relative_strength": 5.546645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.802185, "energy": 62.326183, "activity_lines": [ 22.433976, 22.043552, 21.745363, 21.141362 ] }, { "date": "2025-10-10", "close": 24.195711, "volume": 5876700, "typical_volume": 3780835.0, "trend": 20.461721, "fair_value": 22.142826, "relative_strength": 9.785203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.108244, "energy": 80.612637, "activity_lines": [ 23.109207, 22.478536, 22.018938, 21.395929 ] }, { "date": "2025-10-17", "close": 24.185982, "volume": 4696100, "typical_volume": 3856920.0, "trend": 20.638361, "fair_value": 22.094869, "relative_strength": 8.870347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.555282, "energy": 87.407323, "activity_lines": [ 23.617105, 22.86383, 22.268062, 21.636204 ] }, { "date": "2025-10-24", "close": 24.585026, "volume": 3712200, "typical_volume": 3880080.0, "trend": 20.840542, "fair_value": 22.0381, "relative_strength": 9.80026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.632151, "energy": 91.127629, "activity_lines": [ 24.113309, 23.271127, 22.533158, 21.890828 ] }, { "date": "2025-10-31", "close": 25.043928, "volume": 4303700, "typical_volume": 3892270.0, "trend": 21.089879, "fair_value": 21.98712, "relative_strength": 12.075808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.487053, "energy": 91.434503, "activity_lines": [ 24.549825, 23.699673, 22.819346, 22.162014 ] }, { "date": "2025-11-07", "close": 24.965755, "volume": 3009600, "typical_volume": 3825605.0, "trend": 21.337872, "fair_value": 21.933652, "relative_strength": 12.803293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.743359, "energy": 86.148897, "activity_lines": [ 24.755149, 24.049434, 23.078207, 22.41207 ] }, { "date": "2025-11-14", "close": 17.783827, "volume": 17161300, "typical_volume": 4521920.0, "trend": 21.348992, "fair_value": 21.848865, "relative_strength": -20.41127, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 6.849889, "energy": 7.746715, "activity_lines": [ 22.484665, 23.031467, 22.633247, 22.182777 ] }, { "date": "2025-11-21", "close": 16.630812, "volume": 12010400, "typical_volume": 5001160.0, "trend": 21.308428, "fair_value": 21.750026, "relative_strength": -24.84483, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -44.279563, "energy": 45.561118, "activity_lines": [ 20.257301, 21.875688, 22.091208, 21.878378 ] }, { "date": "2025-11-28", "close": 17.09465, "volume": 12287000, "typical_volume": 5441245.0, "trend": 21.298548, "fair_value": 21.65663, "relative_strength": -25.388679, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.343103, "energy": 54.552093, "activity_lines": [ 18.688228, 20.902144, 21.61701, 21.606522 ] }, { "date": "2025-12-05", "close": 16.937368, "volume": 8249200, "typical_volume": 5674780.0, "trend": 21.252347, "fair_value": 21.561256, "relative_strength": -25.62367, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.821772, "energy": 60.668946, "activity_lines": [ 17.566086, 19.978195, 21.150937, 21.325155 ] }, { "date": "2025-12-12", "close": 16.947199, "volume": 6025800, "typical_volume": 5756525.0, "trend": 21.161125, "fair_value": 21.460127, "relative_strength": -25.811274, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.371262, "energy": 88.075991, "activity_lines": [ 16.987658, 19.14748, 20.710521, 21.047404 ] }, { "date": "2025-12-19", "close": 16.96686, "volume": 10597700, "typical_volume": 6115400.0, "trend": 21.08483, "fair_value": 21.365965, "relative_strength": -25.971615, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.678011, "energy": 87.03869, "activity_lines": [ 16.950354, 18.443813, 20.29592, 20.776806 ] }, { "date": "2025-12-26", "close": 17.60582, "volume": 3193900, "typical_volume": 6152760.0, "trend": 21.019721, "fair_value": 21.278268, "relative_strength": -23.512085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.404335, "energy": 75.31165, "activity_lines": [ 17.180502, 17.987755, 19.964046, 20.552354 ] }, { "date": "2026-01-02", "close": 18.011068, "volume": 3253800, "typical_volume": 6084695.0, "trend": 20.95888, "fair_value": 21.190198, "relative_strength": -21.203405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.500865, "energy": 57.338506, "activity_lines": [ 17.480731, 17.725017, 19.688861, 20.358247 ] }, { "date": "2026-01-09", "close": 17.794065, "volume": 4576900, "typical_volume": 6132445.0, "trend": 20.85639, "fair_value": 21.098792, "relative_strength": -23.604951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.939177, "energy": 47.457024, "activity_lines": [ 17.647532, 17.542351, 19.408026, 20.154065 ] }, { "date": "2026-01-16", "close": 18.908665, "volume": 5292300, "typical_volume": 6209660.0, "trend": 20.793285, "fair_value": 21.019068, "relative_strength": -19.562467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.214293, "energy": 35.940552, "activity_lines": [ 18.128753, 17.694155, 19.250956, 20.028406 ] }, { "date": "2026-01-23", "close": 19.017166, "volume": 4488000, "typical_volume": 6295870.0, "trend": 20.745268, "fair_value": 20.945172, "relative_strength": -19.210182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.653216, "energy": 25.905623, "activity_lines": [ 18.515376, 17.975816, 19.116844, 19.913817 ] }, { "date": "2026-01-30", "close": 18.573904, "volume": 4941000, "typical_volume": 6392215.0, "trend": 20.644377, "fair_value": 20.877695, "relative_strength": -17.980527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.108091, "energy": 23.559404, "activity_lines": [ 18.617558, 18.154459, 18.953456, 19.773729 ] }, { "date": "2026-02-06", "close": 19.147844, "volume": 4362700, "typical_volume": 6323760.0, "trend": 20.551092, "fair_value": 20.819531, "relative_strength": -16.820296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.679698, "energy": 24.048698, "activity_lines": [ 18.846515, 18.402126, 18.861116, 19.677179 ] }, { "date": "2026-02-13", "close": 19.405127, "volume": 4485400, "typical_volume": 6396385.0, "trend": 20.460301, "fair_value": 20.762637, "relative_strength": -17.138367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.088412, "energy": 27.4894, "activity_lines": [ 19.085448, 18.65924, 18.803982, 19.603246 ] }, { "date": "2026-02-20", "close": 19.741577, "volume": 4889700, "typical_volume": 6370670.0, "trend": 20.385847, "fair_value": 20.709741, "relative_strength": -17.373974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.489508, "energy": 20.68586, "activity_lines": [ 19.329127, 18.93266, 18.791089, 19.556876 ] }, { "date": "2026-02-27", "close": 21.691626, "volume": 7074700, "typical_volume": 6430570.0, "trend": 20.390231, "fair_value": 20.669074, "relative_strength": -10.337283, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 29.501626, "energy": 51.447131, "activity_lines": [ 20.167294, 19.509826, 18.982947, 19.64112 ] }, { "date": "2026-03-06", "close": 21.086323, "volume": 5889200, "typical_volume": 6490225.0, "trend": 20.379583, "fair_value": 20.621974, "relative_strength": -9.263971, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.59189, "energy": 67.482229, "activity_lines": [ 20.625397, 19.891033, 19.129081, 19.686029 ] }, { "date": "2026-03-13", "close": 21.255014, "volume": 3172900, "typical_volume": 6463260.0, "trend": 20.382597, "fair_value": 20.576552, "relative_strength": -6.827847, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.190494, "energy": 67.266248, "activity_lines": [ 20.972235, 20.239629, 19.306041, 19.742509 ] }, { "date": "2026-03-20", "close": 21.403858, "volume": 4336700, "typical_volume": 6464910.0, "trend": 20.379639, "fair_value": 20.53328, "relative_strength": -2.31131, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.851886, "energy": 69.373253, "activity_lines": [ 21.22821, 20.556306, 19.513034, 19.808397 ] }, { "date": "2026-03-27", "close": 23.080841, "volume": 5985000, "typical_volume": 6613680.0, "trend": 20.430336, "fair_value": 20.49662, "relative_strength": 3.295569, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.089879, "energy": 73.144818, "activity_lines": [ 21.90993, 21.112257, 19.897074, 19.982668 ] }, { "date": "2026-04-03", "close": 23.876974, "volume": 4583300, "typical_volume": 5984780.0, "trend": 20.501757, "fair_value": 20.463266, "relative_strength": 3.257462, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.539097, "energy": 81.668097, "activity_lines": [ 22.634411, 21.737102, 20.365911, 20.205032 ] }, { "date": "2026-04-10", "close": 23.827232, "volume": 4493100, "typical_volume": 5608915.0, "trend": 20.562153, "fair_value": 20.431718, "relative_strength": 1.345581, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.295749, "energy": 81.892542, "activity_lines": [ 23.196621, 22.264543, 20.800996, 20.419578 ] }, { "date": "2026-04-17", "close": 22.096148, "volume": 10161100, "typical_volume": 5502620.0, "trend": 20.585518, "fair_value": 20.389564, "relative_strength": -7.598751, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.307179, "energy": 70.109104, "activity_lines": [ 22.999075, 22.381726, 21.036948, 20.518546 ] }, { "date": "2026-04-24", "close": 23.449177, "volume": 4787900, "typical_volume": 5329555.0, "trend": 20.634927, "fair_value": 20.358102, "relative_strength": -0.577586, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.459369, "energy": 71.580988, "activity_lines": [ 23.196464, 22.691308, 21.377942, 20.703298 ] }, { "date": "2026-05-01", "close": 23.087296, "volume": 3400700, "typical_volume": 5198300.0, "trend": 20.613228, "fair_value": 20.329021, "relative_strength": -2.037972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.245872, "energy": 56.592114, "activity_lines": [ 23.136871, 22.861566, 21.653463, 20.861515 ] }, { "date": "2026-05-08", "close": 23.156927, "volume": 4439100, "typical_volume": 4890370.0, "trend": 20.578602, "fair_value": 20.317493, "relative_strength": -2.164034, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.839516, "energy": 49.87515, "activity_lines": [ 23.100059, 22.983653, 21.906378, 21.025625 ] }, { "date": "2026-05-15", "close": 22.858513, "volume": 5408600, "typical_volume": 5001105.0, "trend": 20.534353, "fair_value": 20.301155, "relative_strength": -2.505094, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.527697, "energy": 42.911232, "activity_lines": [ 23.011778, 23.024841, 22.101395, 21.172716 ] }, { "date": "2026-05-22", "close": 23.117138, "volume": 3473500, "typical_volume": 5012090.0, "trend": 20.485423, "fair_value": 20.286693, "relative_strength": -3.029304, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.344492, "energy": 38.687056, "activity_lines": [ 23.074286, 23.08083, 22.29603, 21.339347 ] }, { "date": "2026-05-29", "close": 23.455622, "volume": 5452100, "typical_volume": 5055850.0, "trend": 20.43248, "fair_value": 20.273802, "relative_strength": -2.254487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.99047, "energy": 45.560728, "activity_lines": [ 23.181557, 23.164505, 22.498587, 21.530973 ] }, { "date": "2026-06-05", "close": 22.717648, "volume": 745400, "typical_volume": 4828505.0, "trend": 20.357543, "fair_value": 20.262814, "relative_strength": -4.110002, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.794395, "energy": 35.006685, "activity_lines": [ 23.042406, 23.076698, 22.603901, 21.678403 ] }, { "date": "2026-06-12", "close": 22.607946, "volume": 711800, "typical_volume": 4639695.0, "trend": 20.518347, "fair_value": 20.257101, "relative_strength": -5.635578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.757959, "energy": 31.726578, "activity_lines": [ 22.891332, 22.975549, 22.68063, 21.82359 ] }, { "date": "2026-06-19", "close": 22.637865, "volume": 964700, "typical_volume": 4440880.0, "trend": 20.718582, "fair_value": 20.255309, "relative_strength": -5.228555, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.337653, "energy": 26.007921, "activity_lines": [ 22.786829, 22.902913, 22.743109, 21.960333 ] }, { "date": "2026-06-26", "close": 21.929121, "volume": 490200, "typical_volume": 4247255.0, "trend": 20.879731, "fair_value": 20.243808, "relative_strength": -7.862878, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.855144, "energy": 19.514685, "activity_lines": [ 22.460788, 22.723039, 22.718736, 22.038433 ] }, { "date": "2026-07-03", "close": 21.480717, "volume": 259400, "typical_volume": 4035955.0, "trend": 21.031176, "fair_value": 20.234716, "relative_strength": -9.950069, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.787879, "energy": 15.995965, "activity_lines": [ 22.06448, 22.464673, 22.638414, 22.077206 ] }, { "date": "2026-07-10", "close": 22.158844, "volume": 4244400, "typical_volume": 4003690.0, "trend": 21.204898, "fair_value": 20.228651, "relative_strength": -6.771127, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.546117, "energy": 17.114289, "activity_lines": [ 22.025875, 22.365394, 22.612792, 22.149959 ] }, { "date": "2026-07-17", "close": 21.690138, "volume": 3937700, "typical_volume": 3846840.0, "trend": 21.36234, "fair_value": 20.217379, "relative_strength": -8.123975, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.591619, "energy": 19.585353, "activity_lines": [ 21.868288, 22.197777, 22.53102, 22.181265 ] }, { "date": "2026-07-24", "close": 22.01923, "volume": 3585600, "typical_volume": 3731660.0, "trend": 21.509454, "fair_value": 20.215765, "relative_strength": -6.532985, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.943587, "energy": 17.625226, "activity_lines": [ 21.881586, 22.116663, 22.480597, 22.223645 ] }, { "date": "2026-07-31", "close": 21.82, "volume": 4019500, "typical_volume": 3773990.0, "trend": 21.636418, "fair_value": 20.219835, "relative_strength": -6.520941, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.906201, "energy": 12.36088, "activity_lines": [ 21.869716, 22.014586, 22.406758, 22.24368 ] }, { "date": "2026-08-07", "close": 21.68, "volume": 5078100, "typical_volume": 3811060.0, "trend": 21.765949, "fair_value": 20.23334, "relative_strength": -9.609958, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.316712, "energy": 13.086912, "activity_lines": [ 21.818454, 21.910638, 22.316895, 22.246492 ] } ], "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." } } }