{ "ticker": { "uuid": "d5ae444f-6f59-48df-a2d9-0a11550ec318", "symbol": "BZU", "name": "Buzzi S.p.A.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.863, "architecture_energy": 72.173, "architecture_maturity": 10.852, "architecture_confidence": 82.246, "architecture_tenure": "New", "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": 14.71, "rotation_up": 8.78, "upward_expansion": 16.04, "deceleration": 37.06, "rotation_down": 75.74, "downward_expansion": 91.71 }, "activity_lines": [ 41.530001, 42.958364, 44.153542, 44.549585 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 41.459999, "trend_reference": 45.343932, "distance_from_trend": -0.085655, "trend_direction": "Weakening", "fair_value": 39.210701, "distance_from_fair_value": 0.057364, "fair_value_direction": "Weakening", "relative_strength": -24.056748, "relative_strength_direction": "Weakening", "price_momentum": -0.143941, "excess_performance": -0.314833, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.085655, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.047912, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.057364, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.201121, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.240567, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.121587, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.143941, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.852923, "read": "Supply-led" } ], "volume": { "latest": 3792384, "relative_activity": 1.928201, "balance": 0.852923, "dry_up": 1.358549, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.063709, "annualized_volatility": 0.322983, "from_high_reference": -0.23072, "from_low_reference": 0.077443 }, "levels": { "trend_reference": 45.343932, "fair_value_reference": 39.210701, "structural_low": 38.48, "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": 14, "median_return": 0.025182, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.002625, "regime_survival": 0.714286, "best_return": 0.136442, "worst_return": -0.142284, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.016972, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.072076, "regime_survival": 0.5, "best_return": 0.277092, "worst_return": -0.15, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.059434, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.082754, "regime_survival": 0.333333, "best_return": 0.533082, "worst_return": -0.20616, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.279568, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.190066, "regime_survival": 0.0, "best_return": 0.812476, "worst_return": -0.253341, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": 0.035323, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2024-12-20", "tenure": "New", "return": -0.093766, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-02-07", "tenure": "Developing", "return": 0.214803, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-11", "tenure": "Developing", "return": -0.053392, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.095541, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": -0.056151, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-10-10", "tenure": "Established", "return": 0.083819, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2026-01-30", "tenure": "Established", "return": -0.011959, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": -0.002439, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.109432, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": 0.008539, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-05-01", "tenure": "Developing", "return": 0.083877, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-07-24", "tenure": "Developing", "return": -0.135924, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.00925, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 26.811581, "volume": 998806, "typical_volume": 1323921.2, "trend": 21.619641, "fair_value": 18.467206, "relative_strength": 29.434075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.644622, "energy": 92.504411, "activity_lines": [ 26.281592, 24.77652, 23.32475, 22.555516 ] }, { "date": "2023-08-25", "close": 26.58226, "volume": 1192442, "typical_volume": 1309509.4, "trend": 21.865817, "fair_value": 18.521345, "relative_strength": 25.589166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.885208, "energy": 88.863941, "activity_lines": [ 26.570793, 25.297012, 23.725603, 22.875685 ] }, { "date": "2023-09-01", "close": 26.352936, "volume": 1259170, "typical_volume": 1302116.9, "trend": 22.09092, "fair_value": 18.5786, "relative_strength": 21.974103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.915857, "energy": 84.684797, "activity_lines": [ 26.566971, 25.688945, 24.07449, 23.165176 ] }, { "date": "2023-09-08", "close": 26.123613, "volume": 847317, "typical_volume": 1291627.25, "trend": 22.296199, "fair_value": 18.630247, "relative_strength": 21.967088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.527921, "energy": 64.643635, "activity_lines": [ 26.410267, 25.957182, 24.373483, 23.42535 ] }, { "date": "2023-09-15", "close": 24.805012, "volume": 2014212, "typical_volume": 1347854.05, "trend": 22.448156, "fair_value": 18.672883, "relative_strength": 12.553622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.599557, "energy": 49.404487, "activity_lines": [ 25.836961, 25.909233, 24.521629, 23.587209 ] }, { "date": "2023-09-22", "close": 24.480141, "volume": 1599817, "typical_volume": 1350034.25, "trend": 22.585224, "fair_value": 18.723026, "relative_strength": 11.746501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.324943, "energy": 34.363306, "activity_lines": [ 25.285315, 25.731335, 24.621187, 23.718305 ] }, { "date": "2023-09-29", "close": 24.76679, "volume": 1085453, "typical_volume": 1349011.05, "trend": 22.721229, "fair_value": 18.771092, "relative_strength": 13.77389, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.843126, "energy": 26.87486, "activity_lines": [ 24.984647, 25.563165, 24.734532, 23.859051 ] }, { "date": "2023-10-06", "close": 24.747681, "volume": 1534583, "typical_volume": 1376140.1, "trend": 22.869089, "fair_value": 18.813639, "relative_strength": 14.828244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.99599, "energy": 27.48039, "activity_lines": [ 24.798642, 25.365461, 24.829036, 23.98979 ] }, { "date": "2023-10-13", "close": 24.996115, "volume": 827684, "typical_volume": 1369304.4, "trend": 23.047403, "fair_value": 18.857555, "relative_strength": 13.703699, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.156965, "energy": 22.958623, "activity_lines": [ 24.802464, 25.221267, 24.932413, 24.127017 ] }, { "date": "2023-10-20", "close": 23.60107, "volume": 1104945, "typical_volume": 1365597.3, "trend": 23.162351, "fair_value": 18.893312, "relative_strength": 10.348278, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.063435, "energy": 12.824371, "activity_lines": [ 24.416438, 24.850181, 24.88391, 24.162738 ] }, { "date": "2023-10-27", "close": 23.104206, "volume": 697265, "typical_volume": 1364010.3, "trend": 23.234192, "fair_value": 18.937543, "relative_strength": 7.884527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.171054, "energy": 20.02928, "activity_lines": [ 23.945054, 24.446088, 24.775437, 24.158986 ] }, { "date": "2023-11-03", "close": 24.881454, "volume": 999962, "typical_volume": 1342576.75, "trend": 23.388385, "fair_value": 18.986316, "relative_strength": 10.091931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.042005, "energy": 16.80806, "activity_lines": [ 24.157814, 24.432537, 24.827216, 24.265261 ] }, { "date": "2023-11-10", "close": 25.282764, "volume": 1467522, "typical_volume": 1344479.35, "trend": 23.549084, "fair_value": 19.032517, "relative_strength": 11.973688, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.197498, "energy": 16.084481, "activity_lines": [ 24.496701, 24.522876, 24.902565, 24.387479 ] }, { "date": "2023-11-17", "close": 25.932512, "volume": 731770, "typical_volume": 1316530.25, "trend": 23.719574, "fair_value": 19.082659, "relative_strength": 10.409844, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.059277, "energy": 26.902678, "activity_lines": [ 25.016497, 24.750808, 25.023414, 24.541249 ] }, { "date": "2023-11-24", "close": 26.047174, "volume": 838737, "typical_volume": 1305459.1, "trend": 23.884518, "fair_value": 19.132474, "relative_strength": 10.609601, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.421706, "energy": 40.184555, "activity_lines": [ 25.512088, 25.003063, 25.136073, 24.691417 ] }, { "date": "2023-12-01", "close": 25.703188, "volume": 962767, "typical_volume": 1301051.35, "trend": 24.019881, "fair_value": 19.185592, "relative_strength": 6.929139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.173209, "energy": 46.318316, "activity_lines": [ 25.729944, 25.170189, 25.191492, 24.80875 ] }, { "date": "2023-12-08", "close": 25.817852, "volume": 722931, "typical_volume": 1264609.35, "trend": 24.174057, "fair_value": 19.243919, "relative_strength": 5.34271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.150226, "energy": 53.81479, "activity_lines": [ 25.812755, 25.335927, 25.240906, 24.924748 ] }, { "date": "2023-12-15", "close": 26.410267, "volume": 1388962, "typical_volume": 1231554.2, "trend": 24.33299, "fair_value": 19.302632, "relative_strength": 7.431551, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.104733, "energy": 58.23955, "activity_lines": [ 26.030611, 25.590266, 25.33491, 25.06902 ] }, { "date": "2023-12-22", "close": 26.333826, "volume": 751794, "typical_volume": 1131676.55, "trend": 24.510715, "fair_value": 19.363427, "relative_strength": 6.79035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.526041, "energy": 47.472234, "activity_lines": [ 26.14782, 25.800478, 25.4159, 25.198106 ] }, { "date": "2023-12-29", "close": 26.314716, "volume": 349207, "typical_volume": 1068767.3, "trend": 24.689714, "fair_value": 19.423066, "relative_strength": 6.324682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.587252, "energy": 41.901823, "activity_lines": [ 26.231905, 25.982894, 25.495708, 25.314493 ] }, { "date": "2024-01-05", "close": 26.868912, "volume": 833895, "typical_volume": 1060521.75, "trend": 24.878267, "fair_value": 19.473563, "relative_strength": 7.813932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.527877, "energy": 52.375056, "activity_lines": [ 26.482886, 26.216733, 25.63039, 25.455087 ] }, { "date": "2024-01-12", "close": 28.302176, "volume": 1449218, "typical_volume": 1073360.55, "trend": 25.09485, "fair_value": 19.535876, "relative_strength": 12.870748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.816777, "energy": 72.187611, "activity_lines": [ 27.133906, 26.642716, 25.901299, 25.675984 ] }, { "date": "2024-01-19", "close": 27.767088, "volume": 997045, "typical_volume": 1060254.3, "trend": 25.292321, "fair_value": 19.597442, "relative_strength": 10.89912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.425714, "energy": 74.263269, "activity_lines": [ 27.440943, 26.909216, 26.113058, 25.848386 ] }, { "date": "2024-01-26", "close": 29.563448, "volume": 1275752, "typical_volume": 1081676.05, "trend": 25.547124, "fair_value": 19.673265, "relative_strength": 17.032043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.050972, "energy": 88.550609, "activity_lines": [ 28.256311, 27.457158, 26.489165, 26.123943 ] }, { "date": "2024-02-02", "close": 29.601667, "volume": 1736448, "typical_volume": 1067787.85, "trend": 25.836962, "fair_value": 19.74428, "relative_strength": 15.259917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.192303, "energy": 91.730239, "activity_lines": [ 28.86911, 27.946031, 26.852531, 26.385526 ] }, { "date": "2024-02-09", "close": 29.81188, "volume": 1708475, "typical_volume": 1073220.75, "trend": 26.092401, "fair_value": 19.812115, "relative_strength": 13.858168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.051663, "energy": 90.871831, "activity_lines": [ 29.332851, 28.408497, 27.213077, 26.641973 ] }, { "date": "2024-02-16", "close": 29.257685, "volume": 1610131, "typical_volume": 1099454.65, "trend": 26.289873, "fair_value": 19.876106, "relative_strength": 9.232187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.370356, "energy": 85.313267, "activity_lines": [ 29.415662, 28.695498, 27.495452, 26.846185 ] }, { "date": "2024-02-23", "close": 30.213194, "volume": 1272332, "typical_volume": 1086342.1, "trend": 26.456769, "fair_value": 19.948139, "relative_strength": 9.036833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.405723, "energy": 79.477731, "activity_lines": [ 29.753275, 29.093684, 27.847444, 27.099302 ] }, { "date": "2024-03-01", "close": 29.639887, "volume": 942577, "typical_volume": 1092086.75, "trend": 26.562512, "fair_value": 20.014058, "relative_strength": 5.835086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.301987, "energy": 59.888541, "activity_lines": [ 29.736713, 29.318489, 28.118808, 27.304665 ] }, { "date": "2024-03-08", "close": 31.321585, "volume": 1136289, "typical_volume": 1093653.95, "trend": 26.714756, "fair_value": 20.084138, "relative_strength": 9.786775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.858536, "energy": 65.353708, "activity_lines": [ 30.27562, 29.788948, 28.528221, 27.611702 ] }, { "date": "2024-03-15", "close": 32.965057, "volume": 1394889, "typical_volume": 1128535.15, "trend": 26.919872, "fair_value": 20.165798, "relative_strength": 13.211077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.552376, "energy": 77.793221, "activity_lines": [ 31.247691, 30.467185, 29.057391, 28.014947 ] }, { "date": "2024-03-22", "close": 35.544933, "volume": 1434012, "typical_volume": 1150237.65, "trend": 27.218628, "fair_value": 20.268524, "relative_strength": 19.945131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.800162, "energy": 93.035275, "activity_lines": [ 32.869508, 31.503651, 29.785307, 28.571402 ] }, { "date": "2024-03-29", "close": 34.780525, "volume": 1616253, "typical_volume": 1157674.2, "trend": 27.499547, "fair_value": 20.362577, "relative_strength": 15.407341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.157359, "energy": 91.628246, "activity_lines": [ 33.817372, 32.269448, 30.389644, 29.059267 ] }, { "date": "2024-04-05", "close": 33.328152, "volume": 1935465, "typical_volume": 1217858.95, "trend": 27.739699, "fair_value": 20.445519, "relative_strength": 12.403768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.528105, "energy": 84.57778, "activity_lines": [ 33.976624, 32.64366, 30.810432, 29.435306 ] }, { "date": "2024-04-12", "close": 33.060608, "volume": 1444405, "typical_volume": 1248142.35, "trend": 28.014885, "fair_value": 20.525353, "relative_strength": 11.713295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.953983, "energy": 65.973783, "activity_lines": [ 33.80081, 32.900779, 31.170522, 29.77859 ] }, { "date": "2024-04-19", "close": 31.455353, "volume": 1362271, "typical_volume": 1268117.55, "trend": 28.247392, "fair_value": 20.598555, "relative_strength": 5.384776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.415835, "energy": 51.381618, "activity_lines": [ 32.973976, 32.803143, 31.344333, 30.000556 ] }, { "date": "2024-04-26", "close": 32.525528, "volume": 1112192, "typical_volume": 1287580.6, "trend": 28.506017, "fair_value": 20.678095, "relative_strength": 7.526087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.286727, "energy": 36.010346, "activity_lines": [ 32.604514, 32.870203, 31.592675, 30.276565 ] }, { "date": "2024-05-03", "close": 32.850399, "volume": 1000772, "typical_volume": 1268171.1, "trend": 28.776107, "fair_value": 20.756407, "relative_strength": 10.160529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.807144, "energy": 30.942491, "activity_lines": [ 32.544636, 32.936915, 31.840015, 30.556847 ] }, { "date": "2024-05-10", "close": 36.787094, "volume": 1993921, "typical_volume": 1330277.45, "trend": 29.16914, "fair_value": 20.854497, "relative_strength": 18.963485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.935139, "energy": 52.662206, "activity_lines": [ 33.925664, 33.671441, 32.431612, 31.073685 ] }, { "date": "2024-05-17", "close": 38.201248, "volume": 2227650, "typical_volume": 1424199.6, "trend": 29.655813, "fair_value": 20.965193, "relative_strength": 20.188849, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.937496, "energy": 76.777206, "activity_lines": [ 35.547481, 34.533136, 33.108112, 31.656402 ] }, { "date": "2024-05-24", "close": 38.201248, "volume": 1450595, "typical_volume": 1455034.6, "trend": 30.159047, "fair_value": 21.073483, "relative_strength": 22.509696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.968098, "energy": 90.364608, "activity_lines": [ 36.826589, 35.269747, 33.72801, 32.20772 ] }, { "date": "2024-05-31", "close": 37.619205, "volume": 1687877, "typical_volume": 1466967.55, "trend": 30.583639, "fair_value": 21.176633, "relative_strength": 19.831885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.165122, "energy": 87.132623, "activity_lines": [ 37.461957, 35.805328, 34.238512, 32.689021 ] }, { "date": "2024-06-07", "close": 37.231178, "volume": 1298263, "typical_volume": 1482028.45, "trend": 30.98192, "fair_value": 21.276709, "relative_strength": 17.294314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.872013, "energy": 85.018212, "activity_lines": [ 37.628403, 36.232644, 34.667692, 33.117894 ] }, { "date": "2024-06-14", "close": 36.707344, "volume": 1281679, "typical_volume": 1482324.8, "trend": 31.341081, "fair_value": 21.381351, "relative_strength": 21.834114, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.23765, "energy": 60.579085, "activity_lines": [ 37.328186, 36.520161, 35.001915, 33.487277 ] }, { "date": "2024-06-21", "close": 35.970097, "volume": 1991697, "typical_volume": 1495087.25, "trend": 31.671845, "fair_value": 21.475162, "relative_strength": 16.406282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.622017, "energy": 49.15705, "activity_lines": [ 36.787537, 36.612193, 35.231907, 33.785923 ] }, { "date": "2024-06-28", "close": 36.455128, "volume": 1249665, "typical_volume": 1472146.75, "trend": 32.030243, "fair_value": 21.581181, "relative_strength": 17.738808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.360785, "energy": 38.379114, "activity_lines": [ 36.557308, 36.739513, 35.477766, 34.094522 ] }, { "date": "2024-07-05", "close": 35.349247, "volume": 1356925, "typical_volume": 1459486.45, "trend": 32.347956, "fair_value": 21.677705, "relative_strength": 10.71047, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.067468, "energy": 27.653172, "activity_lines": [ 36.07486, 36.574859, 35.586668, 34.308651 ] }, { "date": "2024-07-12", "close": 37.425194, "volume": 937816, "typical_volume": 1442760.65, "trend": 32.71512, "fair_value": 21.789707, "relative_strength": 14.476836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.735948, "energy": 31.384741, "activity_lines": [ 36.435725, 36.736309, 35.864272, 34.636215 ] }, { "date": "2024-07-19", "close": 36.028297, "volume": 1464922, "typical_volume": 1468877.9, "trend": 33.038269, "fair_value": 21.890701, "relative_strength": 10.828783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.974981, "energy": 26.281984, "activity_lines": [ 36.318024, 36.560599, 35.974495, 34.849968 ] }, { "date": "2024-07-26", "close": 35.388054, "volume": 1534159, "typical_volume": 1488771.4, "trend": 33.340714, "fair_value": 21.986651, "relative_strength": 9.733178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.880829, "energy": 19.662937, "activity_lines": [ 36.032177, 36.282278, 35.993322, 35.001567 ] }, { "date": "2024-08-02", "close": 32.652466, "volume": 1427163, "typical_volume": 1490385.1, "trend": 33.533499, "fair_value": 22.069468, "relative_strength": 6.718319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.269174, "energy": 10.828441, "activity_lines": [ 34.873271, 35.557727, 35.732253, 34.957164 ] }, { "date": "2024-08-09", "close": 32.419643, "volume": 1290859, "typical_volume": 1483227.45, "trend": 33.670748, "fair_value": 22.144336, "relative_strength": 6.589105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.629902, "energy": 27.085584, "activity_lines": [ 33.890269, 34.891731, 35.450499, 34.885302 ] }, { "date": "2024-08-16", "close": 33.428513, "volume": 1072322, "typical_volume": 1456030.9, "trend": 33.859462, "fair_value": 22.230366, "relative_strength": 5.620629, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.432677, "energy": 38.363519, "activity_lines": [ 33.438863, 34.503703, 35.279709, 34.869674 ] }, { "date": "2024-08-23", "close": 34.379181, "volume": 1485151, "typical_volume": 1433515.2, "trend": 34.019986, "fair_value": 22.318088, "relative_strength": 6.488924, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.076028, "energy": 40.582695, "activity_lines": [ 33.570791, 34.357664, 35.205898, 34.903205 ] }, { "date": "2024-08-30", "close": 34.379181, "volume": 1028653, "typical_volume": 1412727.6, "trend": 34.179237, "fair_value": 22.408393, "relative_strength": 4.081398, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.826596, "energy": 35.208902, "activity_lines": [ 33.812661, 34.253955, 35.127082, 34.926378 ] }, { "date": "2024-09-06", "close": 33.467319, "volume": 1050521, "typical_volume": 1397140.1, "trend": 34.301085, "fair_value": 22.500249, "relative_strength": 4.446596, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.951641, "energy": 18.417651, "activity_lines": [ 33.817835, 34.013378, 34.955143, 34.880448 ] }, { "date": "2024-09-13", "close": 33.622528, "volume": 1107372, "typical_volume": 1396899.1, "trend": 34.44658, "fair_value": 22.596915, "relative_strength": 3.768264, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.842146, "energy": 17.524333, "activity_lines": [ 33.820422, 33.855345, 34.788405, 34.83667 ] }, { "date": "2024-09-20", "close": 34.806015, "volume": 1175122, "typical_volume": 1405616.6, "trend": 34.599674, "fair_value": 22.701871, "relative_strength": 6.434069, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.720962, "energy": 10.190055, "activity_lines": [ 34.137312, 33.943886, 34.729156, 34.85986 ] }, { "date": "2024-09-27", "close": 35.077629, "volume": 918362, "typical_volume": 1351838.65, "trend": 34.780932, "fair_value": 22.811886, "relative_strength": 4.008939, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.551518, "energy": 5.158586, "activity_lines": [ 34.452907, 34.129433, 34.686462, 34.890696 ] }, { "date": "2024-10-04", "close": 34.767208, "volume": 1003470, "typical_volume": 1290629.65, "trend": 34.895786, "fair_value": 22.91856, "relative_strength": 6.260048, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.978235, "energy": 16.902857, "activity_lines": [ 34.618465, 34.275825, 34.622345, 34.88981 ] }, { "date": "2024-10-11", "close": 34.534393, "volume": 618554, "typical_volume": 1249027.6, "trend": 34.948097, "fair_value": 23.020484, "relative_strength": 3.104776, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.639174, "energy": 17.660167, "activity_lines": [ 34.680549, 34.391175, 34.552408, 34.866495 ] }, { "date": "2024-10-18", "close": 33.952354, "volume": 894440, "typical_volume": 1209355.75, "trend": 34.895011, "fair_value": 23.120791, "relative_strength": -1.410478, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.866556, "energy": 16.967332, "activity_lines": [ 34.477483, 34.366483, 34.4445, 34.802253 ] }, { "date": "2024-10-25", "close": 34.262775, "volume": 1060359, "typical_volume": 1197460.55, "trend": 34.877753, "fair_value": 23.22203, "relative_strength": 0.441845, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.839354, "energy": 18.319676, "activity_lines": [ 34.355901, 34.370364, 34.383617, 34.761464 ] }, { "date": "2024-11-01", "close": 34.980625, "volume": 949275, "typical_volume": 1180840.35, "trend": 34.932835, "fair_value": 23.329104, "relative_strength": 2.558297, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.130631, "energy": 9.075047, "activity_lines": [ 34.509819, 34.489594, 34.405235, 34.768101 ] }, { "date": "2024-11-08", "close": 38.996704, "volume": 1843376, "typical_volume": 1173424.3, "trend": 35.130705, "fair_value": 23.457872, "relative_strength": 16.630147, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.185453, "energy": 45.159333, "activity_lines": [ 36.008896, 35.328085, 34.81756, 35.030286 ] }, { "date": "2024-11-15", "close": 40.68462, "volume": 1990463, "typical_volume": 1210464.2, "trend": 35.438347, "fair_value": 23.602302, "relative_strength": 19.620798, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.056944, "energy": 69.378272, "activity_lines": [ 37.788646, 36.389515, 35.376227, 35.388603 ] }, { "date": "2024-11-22", "close": 40.374195, "volume": 2002257, "typical_volume": 1242730.8, "trend": 35.699969, "fair_value": 23.750701, "relative_strength": 20.432338, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.013627, "energy": 87.4855, "activity_lines": [ 39.054906, 37.26328, 35.885188, 35.707045 ] }, { "date": "2024-11-29", "close": 38.899696, "volume": 1619639, "typical_volume": 1276821.95, "trend": 35.901613, "fair_value": 23.891408, "relative_strength": 15.633533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.387224, "energy": 82.111436, "activity_lines": [ 39.401544, 37.746198, 36.229793, 35.913479 ] }, { "date": "2024-12-06", "close": 38.007233, "volume": 1714574, "typical_volume": 1289304.55, "trend": 35.942284, "fair_value": 24.024281, "relative_strength": 8.134999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.557077, "energy": 77.71351, "activity_lines": [ 39.141565, 37.992418, 36.48238, 36.049325 ] }, { "date": "2024-12-13", "close": 36.590939, "volume": 1915044, "typical_volume": 1308348.8, "trend": 35.888607, "fair_value": 24.149073, "relative_strength": 3.338472, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.883262, "energy": 43.282379, "activity_lines": [ 38.207715, 37.927865, 36.590659, 36.091174 ] }, { "date": "2024-12-20", "close": 35.252243, "volume": 4602456, "typical_volume": 1467113.45, "trend": 35.790307, "fair_value": 24.264697, "relative_strength": 2.526157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.444597, "energy": 18.583061, "activity_lines": [ 36.988017, 37.586754, 36.565714, 36.050118 ] }, { "date": "2024-12-27", "close": 34.864212, "volume": 490768, "typical_volume": 1427108.9, "trend": 35.698474, "fair_value": 24.376807, "relative_strength": -0.064718, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.136794, "energy": 21.812303, "activity_lines": [ 36.001134, 37.16204, 36.491434, 35.99037 ] }, { "date": "2025-01-03", "close": 34.398582, "volume": 849477, "typical_volume": 1415966.65, "trend": 35.604054, "fair_value": 24.484082, "relative_strength": -1.536338, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.365583, "energy": 30.816642, "activity_lines": [ 35.226373, 36.636087, 36.361168, 35.906506 ] }, { "date": "2025-01-10", "close": 35.174637, "volume": 2125481, "typical_volume": 1447983.15, "trend": 35.552964, "fair_value": 24.594484, "relative_strength": -2.210426, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.881608, "energy": 29.814687, "activity_lines": [ 35.010372, 36.248766, 36.300192, 35.878802 ] }, { "date": "2025-01-17", "close": 37.017761, "volume": 2146958, "typical_volume": 1503898.4, "trend": 35.587886, "fair_value": 24.72028, "relative_strength": -0.622497, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.757189, "energy": 19.686558, "activity_lines": [ 35.597584, 36.19303, 36.410964, 35.973305 ] }, { "date": "2025-01-24", "close": 38.511669, "volume": 2413075, "typical_volume": 1572026.1, "trend": 35.656437, "fair_value": 24.861318, "relative_strength": 3.403823, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.494123, "energy": 19.454006, "activity_lines": [ 36.654312, 36.444895, 36.651449, 36.161936 ] }, { "date": "2025-01-31", "close": 38.434063, "volume": 1391845, "typical_volume": 1586249.75, "trend": 35.759264, "fair_value": 24.997632, "relative_strength": 2.256383, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.23266, "energy": 33.582646, "activity_lines": [ 37.467875, 36.722158, 36.860521, 36.341138 ] }, { "date": "2025-02-07", "close": 42.353134, "volume": 2746006, "typical_volume": 1664793.95, "trend": 35.923529, "fair_value": 25.152171, "relative_strength": 10.523645, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.791189, "energy": 77.899371, "activity_lines": [ 39.349806, 37.747255, 37.419927, 36.766549 ] }, { "date": "2025-02-14", "close": 44.332073, "volume": 2604084, "typical_volume": 1749080.05, "trend": 36.200322, "fair_value": 25.321215, "relative_strength": 12.366709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.391859, "energy": 92.668795, "activity_lines": [ 41.361079, 39.069368, 38.131864, 37.309035 ] }, { "date": "2025-02-21", "close": 42.042713, "volume": 2590703, "typical_volume": 1828441.7, "trend": 36.422143, "fair_value": 25.487441, "relative_strength": 5.00415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.77244, "energy": 85.02447, "activity_lines": [ 41.998737, 39.860238, 38.581698, 37.685964 ] }, { "date": "2025-02-28", "close": 42.25613, "volume": 1959821, "typical_volume": 1895505.05, "trend": 36.742266, "fair_value": 25.666715, "relative_strength": 4.525673, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.112519, "energy": 84.240777, "activity_lines": [ 42.372537, 40.590787, 39.017212, 38.06235 ] }, { "date": "2025-03-07", "close": 49.958462, "volume": 5546316, "typical_volume": 2128098.85, "trend": 37.326893, "fair_value": 25.886647, "relative_strength": 22.969988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.761005, "energy": 94.310422, "activity_lines": [ 45.06415, 42.594417, 40.149511, 38.915008 ] }, { "date": "2025-03-14", "close": 51.898594, "volume": 4648368, "typical_volume": 2307499.3, "trend": 37.942562, "fair_value": 26.113029, "relative_strength": 26.681262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.664757, "energy": 91.753117, "activity_lines": [ 47.63418, 44.676357, 41.390366, 39.855118 ] }, { "date": "2025-03-21", "close": 49.667442, "volume": 3571841, "typical_volume": 2438627.6, "trend": 38.452171, "fair_value": 26.337611, "relative_strength": 19.536992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.06344, "energy": 86.207148, "activity_lines": [ 48.82413, 46.034452, 42.334749, 40.611561 ] }, { "date": "2025-03-28", "close": 45.379742, "volume": 2826090, "typical_volume": 2487763.3, "trend": 38.818856, "fair_value": 26.528485, "relative_strength": 9.716851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.615829, "energy": 62.93467, "activity_lines": [ 48.229154, 46.349459, 42.800843, 41.058501 ] }, { "date": "2025-04-04", "close": 40.296593, "volume": 4229203, "typical_volume": 2599700.3, "trend": 39.046499, "fair_value": 26.690239, "relative_strength": 8.56945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.876028, "energy": 41.989143, "activity_lines": [ 45.717327, 45.58822, 42.752432, 41.153839 ] }, { "date": "2025-04-11", "close": 41.965107, "volume": 3971626, "typical_volume": 2698168.75, "trend": 39.324585, "fair_value": 26.858814, "relative_strength": 14.605485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.545361, "energy": 20.866382, "activity_lines": [ 43.892307, 45.097895, 42.864775, 41.342137 ] }, { "date": "2025-04-18", "close": 42.644154, "volume": 2193681, "typical_volume": 2726870.85, "trend": 39.585856, "fair_value": 27.025021, "relative_strength": 9.636342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.402731, "energy": 24.869834, "activity_lines": [ 42.826527, 44.666833, 43.034214, 41.556302 ] }, { "date": "2025-04-25", "close": 44.58429, "volume": 1649084, "typical_volume": 2723596.35, "trend": 39.902745, "fair_value": 27.206629, "relative_strength": 9.948401, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.578623, "energy": 23.358725, "activity_lines": [ 43.024421, 44.583231, 43.370596, 41.878782 ] }, { "date": "2025-05-02", "close": 46.175198, "volume": 1383794, "typical_volume": 2697033.85, "trend": 40.283011, "fair_value": 27.402779, "relative_strength": 10.514065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.848405, "energy": 18.806607, "activity_lines": [ 44.091495, 44.784299, 43.827174, 42.283456 ] }, { "date": "2025-05-09", "close": 46.388615, "volume": 1944049, "typical_volume": 2564113.5, "trend": 40.678152, "fair_value": 27.595072, "relative_strength": 7.8641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.850126, "energy": 29.877941, "activity_lines": [ 45.176677, 44.949034, 44.258439, 42.677366 ] }, { "date": "2025-05-16", "close": 46.718437, "volume": 2403752, "typical_volume": 2659762.7, "trend": 41.103688, "fair_value": 27.790831, "relative_strength": 5.065488, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.397392, "energy": 35.708167, "activity_lines": [ 45.965665, 45.098601, 44.668084, 43.067062 ] }, { "date": "2025-05-23", "close": 45.930939, "volume": 1353448, "typical_volume": 2684961.25, "trend": 41.492627, "fair_value": 27.975595, "relative_strength": 6.280208, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.971976, "energy": 36.079019, "activity_lines": [ 46.175265, 45.163896, 44.946281, 43.378498 ] }, { "date": "2025-05-30", "close": 44.513439, "volume": 1529514, "typical_volume": 2655162.9, "trend": 41.810387, "fair_value": 28.154035, "relative_strength": 1.392566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.86068, "energy": 28.226675, "activity_lines": [ 45.693246, 45.079966, 45.034562, 43.573389 ] }, { "date": "2025-06-06", "close": 45.89156, "volume": 2322715, "typical_volume": 2663950.75, "trend": 42.040216, "fair_value": 28.344553, "relative_strength": 3.104196, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.628236, "energy": 26.999582, "activity_lines": [ 45.675324, 45.340313, 45.209623, 43.83669 ] }, { "date": "2025-06-13", "close": 43.351875, "volume": 1515563, "typical_volume": 2619075.15, "trend": 42.129124, "fair_value": 28.519751, "relative_strength": 0.313624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.455294, "energy": 13.084257, "activity_lines": [ 44.82975, 45.129594, 45.100552, 43.921313 ] }, { "date": "2025-06-20", "close": 43.92281, "volume": 1776746, "typical_volume": 2638320.2, "trend": 42.247411, "fair_value": 28.704495, "relative_strength": 2.10245, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.718943, "energy": 10.746141, "activity_lines": [ 44.376936, 44.96713, 45.022807, 44.037035 ] }, { "date": "2025-06-27", "close": 46.7775, "volume": 2579185, "typical_volume": 2629979.15, "trend": 42.510005, "fair_value": 28.909491, "relative_strength": 7.194657, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.402818, "energy": 17.216115, "activity_lines": [ 45.062062, 45.288106, 45.190801, 44.329299 ] }, { "date": "2025-07-04", "close": 45.360001, "volume": 1558606, "typical_volume": 2577705.25, "trend": 42.755097, "fair_value": 29.097321, "relative_strength": 4.070193, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.260751, "energy": 13.344777, "activity_lines": [ 45.21825, 45.276203, 45.202727, 44.51317 ] }, { "date": "2025-07-11", "close": 50.793747, "volume": 3039897, "typical_volume": 2600164.95, "trend": 43.228524, "fair_value": 29.321906, "relative_strength": 14.839334, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.939924, "energy": 57.211697, "activity_lines": [ 47.129249, 46.23815, 45.727257, 45.031792 ] }, { "date": "2025-07-18", "close": 45.360001, "volume": 3099532, "typical_volume": 2657150.5, "trend": 43.565449, "fair_value": 29.509857, "relative_strength": 1.830689, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.848646, "energy": 44.541632, "activity_lines": [ 46.902187, 46.12817, 45.692616, 45.169307 ] }, { "date": "2025-07-25", "close": 44.946564, "volume": 2082636, "typical_volume": 2483966.5, "trend": 43.901528, "fair_value": 29.691104, "relative_strength": -0.222194, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.959325, "energy": 30.461635, "activity_lines": [ 46.403438, 45.961721, 45.603819, 45.258411 ] }, { "date": "2025-08-01", "close": 43.351875, "volume": 1536221, "typical_volume": 2328359.15, "trend": 44.199971, "fair_value": 29.860417, "relative_strength": -1.987453, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.900693, "energy": 9.825441, "activity_lines": [ 45.304875, 45.537545, 45.387014, 45.22295 ] }, { "date": "2025-08-08", "close": 42.76125, "volume": 5019262, "typical_volume": 2400730.2, "trend": 44.452858, "fair_value": 30.026184, "relative_strength": -7.238812, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.326329, "energy": 19.202871, "activity_lines": [ 44.237813, 45.052875, 45.154658, 45.130129 ] }, { "date": "2025-08-15", "close": 43.410934, "volume": 2074341, "typical_volume": 2363142.75, "trend": 44.665964, "fair_value": 30.200079, "relative_strength": -8.113076, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.604036, "energy": 24.525855, "activity_lines": [ 43.560562, 44.718187, 45.017062, 45.062908 ] }, { "date": "2025-08-22", "close": 43.115623, "volume": 2526943, "typical_volume": 2278029.75, "trend": 44.819429, "fair_value": 30.374934, "relative_strength": -10.079624, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.76694, "energy": 34.091363, "activity_lines": [ 43.277061, 44.374908, 44.860717, 44.962886 ] }, { "date": "2025-08-29", "close": 42.70219, "volume": 1384863, "typical_volume": 2148691.6, "trend": 44.9617, "fair_value": 30.546869, "relative_strength": -8.609435, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.812466, "energy": 53.25257, "activity_lines": [ 43.005375, 43.960755, 44.651574, 44.82629 ] }, { "date": "2025-09-05", "close": 43.548752, "volume": 2031257, "typical_volume": 2140570.4, "trend": 45.001554, "fair_value": 30.728284, "relative_strength": -5.548333, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.363034, "energy": 41.595946, "activity_lines": [ 43.1655, 43.722716, 44.519546, 44.735132 ] }, { "date": "2025-09-12", "close": 47.80125, "volume": 2910147, "typical_volume": 2203623.55, "trend": 45.117193, "fair_value": 30.943025, "relative_strength": 1.128462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.425954, "energy": 7.344327, "activity_lines": [ 44.730001, 44.316563, 44.788209, 44.915758 ] }, { "date": "2025-09-19", "close": 47.545311, "volume": 2757859, "typical_volume": 2272326.8, "trend": 45.300613, "fair_value": 31.159578, "relative_strength": 1.028529, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.431646, "energy": 13.381222, "activity_lines": [ 45.873188, 44.819489, 45.017179, 45.07241 ] }, { "date": "2025-09-26", "close": 46.915314, "volume": 1843143, "typical_volume": 2267281.5, "trend": 45.455919, "fair_value": 31.372724, "relative_strength": -1.244606, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.760716, "energy": 25.150757, "activity_lines": [ 46.530751, 45.266932, 45.179625, 45.176585 ] }, { "date": "2025-10-03", "close": 45.517502, "volume": 2491167, "typical_volume": 2271652.25, "trend": 45.307887, "fair_value": 31.574447, "relative_strength": -5.570709, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.582728, "energy": 25.299565, "activity_lines": [ 46.469063, 45.431949, 45.206438, 45.180558 ] }, { "date": "2025-10-10", "close": 47.604374, "volume": 2852681, "typical_volume": 2346613.9, "trend": 45.164746, "fair_value": 31.785913, "relative_strength": 1.380939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.698664, "energy": 49.787572, "activity_lines": [ 46.915313, 45.966017, 45.437719, 45.328718 ] }, { "date": "2025-10-17", "close": 47.742188, "volume": 3553220, "typical_volume": 2447799.2, "trend": 45.100571, "fair_value": 31.996162, "relative_strength": 2.066167, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.108758, "energy": 46.763094, "activity_lines": [ 47.137125, 46.447824, 45.674156, 45.495005 ] }, { "date": "2025-10-24", "close": 49.002186, "volume": 2525049, "typical_volume": 2457915.9, "trend": 45.221319, "fair_value": 32.210733, "relative_strength": 2.666087, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.360213, "energy": 50.878111, "activity_lines": [ 47.782875, 47.068159, 46.015219, 45.746722 ] }, { "date": "2025-10-31", "close": 51.335159, "volume": 2816149, "typical_volume": 2522945.2, "trend": 45.589272, "fair_value": 32.436176, "relative_strength": 5.51457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.668561, "energy": 69.833636, "activity_lines": [ 49.109157, 48.011012, 46.563657, 46.141163 ] }, { "date": "2025-11-07", "close": 48.509998, "volume": 2380510, "typical_volume": 2553133.4, "trend": 45.807435, "fair_value": 32.640505, "relative_strength": 0.343955, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.581153, "energy": 61.041416, "activity_lines": [ 49.199062, 48.290753, 46.805016, 46.329597 ] }, { "date": "2025-11-14", "close": 50.301559, "volume": 1884433, "typical_volume": 2518395.8, "trend": 46.062681, "fair_value": 32.85761, "relative_strength": 1.583404, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.308515, "energy": 63.553092, "activity_lines": [ 49.686655, 48.790636, 47.195156, 46.619541 ] }, { "date": "2025-11-21", "close": 49.179375, "volume": 2774744, "typical_volume": 2579202.7, "trend": 46.215851, "fair_value": 33.064489, "relative_strength": 2.512543, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.119598, "energy": 50.792982, "activity_lines": [ 49.620374, 48.963707, 47.46164, 46.820618 ] }, { "date": "2025-11-28", "close": 52.270309, "volume": 9647672, "typical_volume": 2909591.45, "trend": 46.419021, "fair_value": 33.28923, "relative_strength": 7.133029, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.882158, "energy": 45.061934, "activity_lines": [ 50.488592, 49.673709, 48.004312, 47.211228 ] }, { "date": "2025-12-05", "close": 50.400002, "volume": 2508434, "typical_volume": 2880036.55, "trend": 46.552734, "fair_value": 33.503723, "relative_strength": 3.001537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.711742, "energy": 39.399321, "activity_lines": [ 50.515499, 49.957746, 48.361828, 47.468065 ] }, { "date": "2025-12-12", "close": 51.039841, "volume": 2036984, "typical_volume": 2877753.95, "trend": 46.696781, "fair_value": 33.72463, "relative_strength": 3.894782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.573016, "energy": 40.350526, "activity_lines": [ 50.81803, 50.29476, 48.756281, 47.757556 ] }, { "date": "2025-12-19", "close": 51.876564, "volume": 2721649, "typical_volume": 2937025.35, "trend": 46.894968, "fair_value": 33.948769, "relative_strength": 2.46224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.575781, "energy": 45.327253, "activity_lines": [ 51.230812, 50.683499, 49.201406, 48.091736 ] }, { "date": "2025-12-26", "close": 51.1875, "volume": 465873, "typical_volume": 2709355.9, "trend": 47.117437, "fair_value": 34.16879, "relative_strength": 1.225057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.987825, "energy": 38.137166, "activity_lines": [ 51.308906, 50.869278, 49.540312, 48.368673 ] }, { "date": "2026-01-02", "close": 50.695313, "volume": 601706, "typical_volume": 2635724.15, "trend": 47.277562, "fair_value": 34.37875, "relative_strength": -1.625392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.57502, "energy": 35.499815, "activity_lines": [ 51.089063, 50.902926, 49.792218, 48.599504 ] }, { "date": "2026-01-09", "close": 51.974998, "volume": 1854634, "typical_volume": 2602108.7, "trend": 47.565, "fair_value": 34.594722, "relative_strength": -0.130552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.25365, "energy": 37.378733, "activity_lines": [ 51.400781, 51.13846, 50.131312, 48.902564 ] }, { "date": "2026-01-16", "close": 50.055466, "volume": 3769208, "typical_volume": 2721325.95, "trend": 47.769422, "fair_value": 34.797337, "relative_strength": -4.106049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.717356, "energy": 25.104945, "activity_lines": [ 50.967655, 51.013354, 50.245406, 49.063239 ] }, { "date": "2026-01-23", "close": 48.824997, "volume": 2294424, "typical_volume": 2734484.3, "trend": 47.837671, "fair_value": 34.98726, "relative_strength": -4.48438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.320181, "energy": 15.290639, "activity_lines": [ 50.189998, 50.636428, 50.207296, 49.131341 ] }, { "date": "2026-01-30", "close": 47.171249, "volume": 1908252, "typical_volume": 2684389.55, "trend": 47.898046, "fair_value": 35.164, "relative_strength": -9.101199, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -0.586099, "energy": 8.738856, "activity_lines": [ 49.064529, 49.985666, 49.986561, 49.088346 ] }, { "date": "2026-02-06", "close": 48.431252, "volume": 3143456, "typical_volume": 2703669.4, "trend": 47.819297, "fair_value": 35.346474, "relative_strength": -7.24861, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.212584, "energy": 16.576281, "activity_lines": [ 48.626812, 49.600508, 49.888827, 49.122746 ] }, { "date": "2026-02-13", "close": 46.541248, "volume": 3228561, "typical_volume": 2772940.3, "trend": 47.858671, "fair_value": 35.515032, "relative_strength": -9.77537, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.187949, "energy": 27.80293, "activity_lines": [ 47.71003, 48.941513, 49.606874, 49.040292 ] }, { "date": "2026-02-20", "close": 48.313126, "volume": 2324807, "typical_volume": 2764622.3, "trend": 47.97089, "fair_value": 35.694166, "relative_strength": -8.355561, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.020831, "energy": 25.839683, "activity_lines": [ 47.746125, 48.674837, 49.495452, 49.069611 ] }, { "date": "2026-02-27", "close": 48.214687, "volume": 2558799, "typical_volume": 2749928.2, "trend": 48.132984, "fair_value": 35.870628, "relative_strength": -9.860204, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.593913, "energy": 26.53227, "activity_lines": [ 47.865562, 48.43984, 49.361343, 49.08534 ] }, { "date": "2026-03-06", "close": 42.938435, "volume": 3002509, "typical_volume": 2722392.65, "trend": 48.13889, "fair_value": 36.01567, "relative_strength": -13.6928, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -51.288553, "energy": 51.823113, "activity_lines": [ 46.266937, 47.312104, 48.721827, 48.750208 ] }, { "date": "2026-03-13", "close": 41.501251, "volume": 3272439, "typical_volume": 2759762.15, "trend": 48.075234, "fair_value": 36.155764, "relative_strength": -16.312065, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.575756, "energy": 63.951188, "activity_lines": [ 44.471437, 46.073045, 47.968312, 48.321973 ] }, { "date": "2026-03-20", "close": 41.855625, "volume": 3179916, "typical_volume": 2777950.5, "trend": 48.033234, "fair_value": 36.294885, "relative_strength": -12.244113, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.078393, "energy": 78.761873, "activity_lines": [ 43.256062, 45.065582, 47.284265, 47.920708 ] }, { "date": "2026-03-27", "close": 42.249374, "volume": 2628904, "typical_volume": 2790370.2, "trend": 48.01814, "fair_value": 36.431426, "relative_strength": -12.217766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.930915, "energy": 77.659512, "activity_lines": [ 42.484312, 44.313698, 46.682859, 47.547556 ] }, { "date": "2026-04-03", "close": 44.080311, "volume": 2668267, "typical_volume": 2829561.9, "trend": 48.035859, "fair_value": 36.584148, "relative_strength": -12.624038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.174049, "energy": 68.121045, "activity_lines": [ 42.727124, 44.036641, 46.28564, 47.293502 ] }, { "date": "2026-04-10", "close": 48.342655, "volume": 2943917, "typical_volume": 2838020.55, "trend": 48.053906, "fair_value": 36.762872, "relative_strength": -7.819265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.071287, "energy": 27.182412, "activity_lines": [ 44.666343, 44.620823, 46.323984, 47.313296 ] }, { "date": "2026-04-17", "close": 49.553436, "volume": 2649481, "typical_volume": 2488111.0, "trend": 48.120843, "fair_value": 36.947075, "relative_strength": -7.670791, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.035711, "energy": 15.830106, "activity_lines": [ 46.648874, 45.403848, 46.481624, 47.41004 ] }, { "date": "2026-04-24", "close": 46.029373, "volume": 1779399, "typical_volume": 2451659.25, "trend": 48.091312, "fair_value": 37.106886, "relative_strength": -11.701622, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.096522, "energy": 22.719827, "activity_lines": [ 46.919905, 45.525732, 46.316577, 47.275106 ] }, { "date": "2026-05-01", "close": 45.793125, "volume": 1445765, "typical_volume": 2422098.3, "trend": 48.100499, "fair_value": 37.261699, "relative_strength": -12.837435, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.723236, "energy": 21.836666, "activity_lines": [ 46.833936, 45.613968, 46.149843, 47.126836 ] }, { "date": "2026-05-08", "close": 47.102341, "volume": 2197463, "typical_volume": 2395889.0, "trend": 48.083765, "fair_value": 37.427787, "relative_strength": -11.898002, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.345228, "energy": 15.938231, "activity_lines": [ 46.948123, 45.986061, 46.13278, 47.062439 ] }, { "date": "2026-05-15", "close": 44.099998, "volume": 2258690, "typical_volume": 2485529.85, "trend": 47.962358, "fair_value": 37.571747, "relative_strength": -16.851101, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.134861, "energy": 19.286819, "activity_lines": [ 45.860061, 45.832499, 45.852514, 46.805421 ] }, { "date": "2026-05-22", "close": 43.740002, "volume": 3262643, "typical_volume": 2618576.7, "trend": 47.786952, "fair_value": 37.717503, "relative_strength": -17.777653, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.142634, "energy": 25.692747, "activity_lines": [ 44.934843, 45.592363, 45.571713, 46.533011 ] }, { "date": "2026-05-29", "close": 46.5, "volume": 2654562, "typical_volume": 2658573.1, "trend": 47.62578, "fair_value": 37.881318, "relative_strength": -13.227019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.414131, "energy": 18.974706, "activity_lines": [ 45.317187, 45.81334, 45.58689, 46.449982 ] }, { "date": "2026-06-05", "close": 44.299999, "volume": 324668, "typical_volume": 2486346.1, "trend": 47.485447, "fair_value": 38.029316, "relative_strength": -16.731411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.908466, "energy": 29.812872, "activity_lines": [ 44.934823, 45.549874, 45.418614, 46.235416 ] }, { "date": "2026-06-12", "close": 46.189999, "volume": 800200, "typical_volume": 2411634.9, "trend": 47.348395, "fair_value": 38.185632, "relative_strength": -15.575153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.705461, "energy": 17.221526, "activity_lines": [ 45.282, 45.592761, 45.457745, 46.151838 ] }, { "date": "2026-06-19", "close": 46.84, "volume": 741925, "typical_volume": 2353318.55, "trend": 47.270416, "fair_value": 38.34587, "relative_strength": -16.223498, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.121317, "energy": 7.305638, "activity_lines": [ 45.906666, 45.715471, 45.571328, 46.119039 ] }, { "date": "2026-06-26", "close": 45.689999, "volume": 234597, "typical_volume": 2207875.6, "trend": 47.051072, "fair_value": 38.498246, "relative_strength": -15.315438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.52822, "energy": 7.162735, "activity_lines": [ 45.965333, 45.656411, 45.576965, 46.017076 ] }, { "date": "2026-07-03", "close": 45.869999, "volume": 277882, "typical_volume": 2060341.65, "trend": 46.900072, "fair_value": 38.658268, "relative_strength": -17.064313, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.690161, "energy": 8.596316, "activity_lines": [ 45.953999, 45.700323, 45.612798, 45.940878 ] }, { "date": "2026-07-10", "close": 44.470001, "volume": 1779647, "typical_volume": 2033083.65, "trend": 46.681077, "fair_value": 38.801353, "relative_strength": -18.651609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.239239, "energy": 14.484615, "activity_lines": [ 45.518, 45.492588, 45.518495, 45.784099 ] }, { "date": "2026-07-17", "close": 42.380001, "volume": 2403819, "typical_volume": 2025334.65, "trend": 46.364525, "fair_value": 38.923446, "relative_strength": -20.929721, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.916189, "energy": 43.66542, "activity_lines": [ 44.374, 44.928909, 45.243444, 45.50661 ] }, { "date": "2026-07-24", "close": 40.700001, "volume": 2161054, "typical_volume": 1983261.9, "trend": 46.014942, "fair_value": 39.022764, "relative_strength": -23.49409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.677869, "energy": 66.559949, "activity_lines": [ 42.924001, 44.145637, 44.836178, 45.141157 ] }, { "date": "2026-07-31", "close": 41.080002, "volume": 2330719, "typical_volume": 1936175.9, "trend": 45.694432, "fair_value": 39.116434, "relative_strength": -22.898694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.635761, "energy": 72.730494, "activity_lines": [ 42.010001, 43.493273, 44.475762, 44.822774 ] }, { "date": "2026-08-07", "close": 41.459999, "volume": 3792384, "typical_volume": 1966799.3, "trend": 45.343932, "fair_value": 39.210701, "relative_strength": -24.056748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.863317, "energy": 72.17271, "activity_lines": [ 41.530001, 42.958364, 44.153542, 44.549585 ] } ], "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." } } }