{ "ticker": { "uuid": "d9411a16-67ce-494c-8789-cbf6f4bee85a", "symbol": "OLN", "name": "Olin Corporation", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 92.161, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -74.577, "architecture_energy": 54.252, "architecture_maturity": 22.543, "architecture_confidence": 85.137, "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": 19.33, "rotation_up": 17.12, "upward_expansion": 7.82, "deceleration": 48.57, "rotation_down": 63.46, "downward_expansion": 81.15 }, "activity_lines": [ 20.083333, 20.800909, 22.765204, 23.622518 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 18.59, "trend_reference": 24.198989, "distance_from_trend": -0.231786, "trend_direction": "Improving", "fair_value": 33.460425, "distance_from_fair_value": -0.444418, "fair_value_direction": "Weakening", "relative_strength": -28.8533, "relative_strength_direction": "Weakening", "price_momentum": -0.239717, "excess_performance": -0.365342, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.231786, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.014585, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.444418, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.19062, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.288533, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.345535, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.239717, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.796883, "read": "Supply-led" } ], "volume": { "latest": 19501638, "relative_activity": 1.418878, "balance": 0.796883, "dry_up": 1.240597, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.137646, "annualized_volatility": 0.568825, "from_high_reference": -0.385372, "from_low_reference": 0.058562 }, "levels": { "trend_reference": 24.198989, "fair_value_reference": 33.460425, "structural_low": 17.73, "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": 23, "median_return": -0.00155, "positive_rate": 0.478261, "directional_follow_through": 0.521739, "median_excess_return": -0.030787, "regime_survival": 0.782609, "best_return": 0.263759, "worst_return": -0.215895, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.069495, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.037271, "regime_survival": 0.5, "best_return": 0.239087, "worst_return": -0.37386, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.024946, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.114651, "regime_survival": 0.5, "best_return": 0.303321, "worst_return": -0.310689, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.00371, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.358672, "regime_survival": 0.666667, "best_return": 0.18208, "worst_return": -0.495344, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-21", "end": "2024-06-28", "tenure": "New", "return": -0.038932, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-10-11", "tenure": "Established", "return": 0.042019, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.130638, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-08-15", "tenure": "Extended", "return": -0.508267, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.101918, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-09-26", "tenure": "New", "return": -0.091736, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.091227, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.177889, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.051185, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-02-13", "tenure": "Developing", "return": 0.26925, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-05-15", "tenure": "Established", "return": 0.117281, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-22", "end": "2026-06-26", "tenure": "Developing", "return": -0.165194, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": 0.157685, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.004322, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 52.533318, "volume": 6034093, "typical_volume": 6858172.3, "trend": 51.355157, "fair_value": 42.57957, "relative_strength": -3.387318, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.758377, "energy": 47.38631, "activity_lines": [ 53.361449, 51.993917, 50.559501, 50.572065 ] }, { "date": "2023-08-25", "close": 53.984309, "volume": 4939979, "typical_volume": 6784806.85, "trend": 51.232701, "fair_value": 42.859583, "relative_strength": -1.39211, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.470496, "energy": 46.56138, "activity_lines": [ 53.603748, 52.602377, 50.91311, 50.741687 ] }, { "date": "2023-09-01", "close": 48.347767, "volume": 12569840, "typical_volume": 7084589.85, "trend": 50.903338, "fair_value": 43.101147, "relative_strength": -13.619808, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.306559, "energy": 7.33643, "activity_lines": [ 51.820228, 52.086939, 50.721309, 50.555563 ] }, { "date": "2023-09-08", "close": 46.915378, "volume": 10305447, "typical_volume": 7361920.8, "trend": 50.571332, "fair_value": 43.337543, "relative_strength": -14.825166, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.281087, "energy": 18.214202, "activity_lines": [ 49.919054, 51.245041, 50.412698, 50.298275 ] }, { "date": "2023-09-15", "close": 46.459618, "volume": 7335519, "typical_volume": 7237192.25, "trend": 50.240702, "fair_value": 43.56378, "relative_strength": -15.465754, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.145363, "energy": 27.804941, "activity_lines": [ 48.366989, 50.333385, 50.081877, 50.033003 ] }, { "date": "2023-09-22", "close": 43.380913, "volume": 6388143, "typical_volume": 7202858.0, "trend": 49.855926, "fair_value": 43.773391, "relative_strength": -18.555504, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.628802, "energy": 59.962992, "activity_lines": [ 46.277934, 48.909649, 49.480243, 49.590436 ] }, { "date": "2023-09-29", "close": 46.487522, "volume": 9410256, "typical_volume": 7278288.35, "trend": 49.552306, "fair_value": 43.998281, "relative_strength": -12.080375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.256913, "energy": 66.736033, "activity_lines": [ 45.834576, 48.173288, 49.209777, 49.37312 ] }, { "date": "2023-10-06", "close": 43.669251, "volume": 6902517, "typical_volume": 7334981.0, "trend": 49.370232, "fair_value": 44.191308, "relative_strength": -17.584256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.606085, "energy": 73.42321, "activity_lines": [ 44.95158, 47.020737, 48.681361, 48.993568 ] }, { "date": "2023-10-13", "close": 44.757494, "volume": 5558925, "typical_volume": 7300388.9, "trend": 49.285386, "fair_value": 44.380965, "relative_strength": -15.67314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.431962, "energy": 66.831669, "activity_lines": [ 44.743232, 46.249241, 48.287529, 48.695972 ] }, { "date": "2023-10-20", "close": 42.953056, "volume": 5312702, "typical_volume": 7250990.25, "trend": 49.121306, "fair_value": 44.558997, "relative_strength": -16.815982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.642634, "energy": 60.734047, "activity_lines": [ 44.077264, 45.325545, 47.731979, 48.287434 ] }, { "date": "2023-10-27", "close": 39.176759, "volume": 8867786, "typical_volume": 7426020.1, "trend": 48.718679, "fair_value": 44.716555, "relative_strength": -21.765522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.713162, "energy": 78.252406, "activity_lines": [ 42.386302, 43.912435, 46.838905, 47.645851 ] }, { "date": "2023-11-03", "close": 41.53927, "volume": 7138311, "typical_volume": 7471607.0, "trend": 48.364018, "fair_value": 44.864888, "relative_strength": -21.04844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.831442, "energy": 69.598127, "activity_lines": [ 41.76312, 43.17172, 46.211646, 47.182663 ] }, { "date": "2023-11-10", "close": 40.900509, "volume": 4377579, "typical_volume": 7317449.9, "trend": 47.978522, "fair_value": 45.007287, "relative_strength": -22.738075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.530886, "energy": 72.550489, "activity_lines": [ 41.256901, 42.541139, 45.556867, 46.701146 ] }, { "date": "2023-11-17", "close": 43.872033, "volume": 5534946, "typical_volume": 7301154.25, "trend": 47.728711, "fair_value": 45.166108, "relative_strength": -18.509651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.386632, "energy": 52.138309, "activity_lines": [ 41.925772, 42.58624, 45.203261, 46.436211 ] }, { "date": "2023-11-24", "close": 44.32991, "volume": 4051787, "typical_volume": 7306217.05, "trend": 47.500934, "fair_value": 45.320556, "relative_strength": -17.983713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.299391, "energy": 33.866814, "activity_lines": [ 42.806301, 42.769925, 44.911187, 46.216934 ] }, { "date": "2023-12-01", "close": 45.170907, "volume": 5350905, "typical_volume": 7263380.7, "trend": 47.313504, "fair_value": 45.479709, "relative_strength": -16.692889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.09562, "energy": 24.390827, "activity_lines": [ 43.875371, 43.145241, 44.721838, 46.06661 ] }, { "date": "2023-12-08", "close": 46.703391, "volume": 9301485, "typical_volume": 7352632.5, "trend": 47.247494, "fair_value": 45.642977, "relative_strength": -13.701669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.184906, "energy": 24.017275, "activity_lines": [ 45.055659, 43.766644, 44.70201, 46.027248 ] }, { "date": "2023-12-15", "close": 49.245073, "volume": 10372074, "typical_volume": 7313989.7, "trend": 47.216768, "fair_value": 45.811462, "relative_strength": -10.839877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.868717, "energy": 19.310562, "activity_lines": [ 46.7389, 44.846247, 44.94842, 46.156124 ] }, { "date": "2023-12-22", "close": 50.366403, "volume": 5185692, "typical_volume": 7071134.2, "trend": 47.332801, "fair_value": 45.986164, "relative_strength": -9.281688, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.94106, "energy": 38.736714, "activity_lines": [ 48.239614, 46.028349, 45.32305, 46.359326 ] }, { "date": "2023-12-29", "close": 50.413125, "volume": 3006349, "typical_volume": 6897216.75, "trend": 47.4266, "fair_value": 46.169101, "relative_strength": -9.167323, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.788862, "energy": 55.517551, "activity_lines": [ 49.322943, 47.116966, 45.721485, 46.558056 ] }, { "date": "2024-01-05", "close": 49.170317, "volume": 3746512, "typical_volume": 6782837.7, "trend": 47.474027, "fair_value": 46.333281, "relative_strength": -9.557085, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.406535, "energy": 57.113317, "activity_lines": [ 49.586455, 47.843981, 46.017677, 46.670554 ] }, { "date": "2024-01-12", "close": 48.366697, "volume": 4205611, "typical_volume": 6746119.3, "trend": 47.468404, "fair_value": 46.494536, "relative_strength": -12.217162, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.994596, "energy": 52.857007, "activity_lines": [ 49.315467, 48.243181, 46.253349, 46.728146 ] }, { "date": "2024-01-19", "close": 47.703244, "volume": 3544296, "typical_volume": 6294842.1, "trend": 47.567968, "fair_value": 46.652281, "relative_strength": -13.963097, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.987813, "energy": 26.146554, "activity_lines": [ 48.712441, 48.397619, 46.452584, 46.743297 ] }, { "date": "2024-01-26", "close": 51.534455, "volume": 8437660, "typical_volume": 6201452.75, "trend": 47.697908, "fair_value": 46.846117, "relative_strength": -7.405229, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.173701, "energy": 33.996481, "activity_lines": [ 49.489273, 49.124954, 47.019766, 46.999199 ] }, { "date": "2024-02-02", "close": 47.983576, "volume": 8097333, "typical_volume": 6239543.45, "trend": 47.661284, "fair_value": 46.998065, "relative_strength": -14.327445, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.128326, "energy": 17.240621, "activity_lines": [ 49.00461, 49.067359, 47.226774, 47.017629 ] }, { "date": "2024-02-09", "close": 47.918166, "volume": 4103216, "typical_volume": 6125297.1, "trend": 47.587873, "fair_value": 47.141373, "relative_strength": -14.950715, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.714853, "energy": 13.833277, "activity_lines": [ 48.660112, 48.93144, 47.420295, 47.034202 ] }, { "date": "2024-02-16", "close": 49.104906, "volume": 4605114, "typical_volume": 5885040.0, "trend": 47.498712, "fair_value": 47.284979, "relative_strength": -11.912884, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.962708, "energy": 16.967702, "activity_lines": [ 48.794672, 48.961342, 47.705233, 47.132076 ] }, { "date": "2024-02-23", "close": 49.142284, "volume": 3438108, "typical_volume": 5711819.55, "trend": 47.345292, "fair_value": 47.423344, "relative_strength": -12.632296, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.440501, "energy": 11.014842, "activity_lines": [ 48.892477, 48.954376, 47.981267, 47.238112 ] }, { "date": "2024-03-01", "close": 51.085923, "volume": 4610435, "typical_volume": 5664395.05, "trend": 47.233795, "fair_value": 47.57191, "relative_strength": -9.432572, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.991215, "energy": 34.527547, "activity_lines": [ 49.542225, 49.302668, 48.416347, 47.479443 ] }, { "date": "2024-03-08", "close": 53.276996, "volume": 4669617, "typical_volume": 5632240.8, "trend": 47.216419, "fair_value": 47.722112, "relative_strength": -4.921489, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.726529, "energy": 60.360468, "activity_lines": [ 50.952233, 50.036255, 49.029966, 47.869327 ] }, { "date": "2024-03-15", "close": 54.627443, "volume": 5756946, "typical_volume": 5476698.8, "trend": 47.286223, "fair_value": 47.843569, "relative_strength": -2.182749, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.558656, "energy": 77.597438, "activity_lines": [ 52.459496, 50.963307, 49.723037, 48.347458 ] }, { "date": "2024-03-22", "close": 53.042544, "volume": 6758687, "typical_volume": 5457717.6, "trend": 47.254831, "fair_value": 47.960554, "relative_strength": -6.751202, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.725448, "energy": 74.74014, "activity_lines": [ 52.991174, 51.502975, 50.19159, 48.718834 ] }, { "date": "2024-03-29", "close": 55.143238, "volume": 4165238, "typical_volume": 5447100.55, "trend": 47.481347, "fair_value": 48.088477, "relative_strength": -3.033812, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.446051, "energy": 80.178382, "activity_lines": [ 53.960574, 52.339572, 50.805433, 49.227763 ] }, { "date": "2024-04-05", "close": 55.011945, "volume": 4221556, "typical_volume": 5381431.05, "trend": 47.751232, "fair_value": 48.212743, "relative_strength": -1.995623, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.419487, "energy": 76.544757, "activity_lines": [ 54.486146, 53.017025, 51.338948, 49.713608 ] }, { "date": "2024-04-12", "close": 51.045008, "volume": 3697223, "typical_volume": 5363702.85, "trend": 47.904079, "fair_value": 48.298711, "relative_strength": -7.233434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.963986, "energy": 44.349163, "activity_lines": [ 53.427671, 52.90999, 51.441613, 49.92611 ] }, { "date": "2024-04-19", "close": 50.257247, "volume": 3934015, "typical_volume": 5292858.35, "trend": 48.13329, "fair_value": 48.385661, "relative_strength": -5.349624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.963556, "energy": 29.343415, "activity_lines": [ 52.255408, 52.604063, 51.437276, 50.077927 ] }, { "date": "2024-04-26", "close": 50.154088, "volume": 5204062, "typical_volume": 5087987.2, "trend": 48.255509, "fair_value": 48.459943, "relative_strength": -7.545306, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.501082, "energy": 20.7138, "activity_lines": [ 51.340105, 52.236851, 51.398894, 50.208301 ] }, { "date": "2024-05-03", "close": 50.29476, "volume": 5894173, "typical_volume": 4864092.15, "trend": 48.476359, "fair_value": 48.513811, "relative_strength": -7.392878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.053603, "energy": 24.247346, "activity_lines": [ 50.664257, 51.87614, 51.357478, 50.339866 ] }, { "date": "2024-05-10", "close": 52.057572, "volume": 3976073, "typical_volume": 4803611.2, "trend": 48.719695, "fair_value": 48.577537, "relative_strength": -5.561666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.51809, "energy": 21.037394, "activity_lines": [ 50.899244, 51.814986, 51.47895, 50.570912 ] }, { "date": "2024-05-17", "close": 52.848177, "volume": 3318380, "typical_volume": 4819212.75, "trend": 49.049532, "fair_value": 48.646331, "relative_strength": -5.312004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.048748, "energy": 17.798795, "activity_lines": [ 51.594725, 51.879912, 51.667664, 50.837265 ] }, { "date": "2024-05-24", "close": 51.201083, "volume": 3867533, "typical_volume": 4825263.8, "trend": 49.450343, "fair_value": 48.69245, "relative_strength": -7.983645, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.995126, "energy": 11.71139, "activity_lines": [ 51.620963, 51.653163, 51.687917, 50.976075 ] }, { "date": "2024-05-31", "close": 50.598718, "volume": 3607293, "typical_volume": 4795347.9, "trend": 49.752325, "fair_value": 48.728245, "relative_strength": -8.425937, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.528803, "energy": 13.497099, "activity_lines": [ 51.38349, 51.379191, 51.641131, 51.050164 ] }, { "date": "2024-06-07", "close": 47.125703, "volume": 5009599, "typical_volume": 4868613.05, "trend": 49.959831, "fair_value": 48.748644, "relative_strength": -15.39246, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.315442, "energy": 21.068674, "activity_lines": [ 49.958704, 50.518194, 51.252953, 50.880704 ] }, { "date": "2024-06-14", "close": 47.031583, "volume": 4575915, "typical_volume": 4675525.8, "trend": 50.065149, "fair_value": 48.79423, "relative_strength": -16.54128, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.082959, "energy": 44.883481, "activity_lines": [ 48.713815, 49.785858, 50.858562, 50.691785 ] }, { "date": "2024-06-21", "close": 46.175095, "volume": 6627943, "typical_volume": 4602056.3, "trend": 50.126656, "fair_value": 48.820998, "relative_strength": -18.284681, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.093243, "energy": 62.330069, "activity_lines": [ 47.518496, 49.042895, 50.404043, 50.440814 ] }, { "date": "2024-06-28", "close": 44.377409, "volume": 7933475, "typical_volume": 4793569.25, "trend": 50.100206, "fair_value": 48.840051, "relative_strength": -21.022703, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.673405, "energy": 81.604201, "activity_lines": [ 46.16882, 48.061623, 49.786927, 50.069895 ] }, { "date": "2024-07-05", "close": 43.031499, "volume": 5579343, "typical_volume": 4842280.7, "trend": 49.977809, "fair_value": 48.858611, "relative_strength": -24.350763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.13032, "energy": 86.0159, "activity_lines": [ 44.825419, 46.942547, 49.05849, 49.613849 ] }, { "date": "2024-07-12", "close": 45.328018, "volume": 5791474, "typical_volume": 4959949.0, "trend": 49.847241, "fair_value": 48.905106, "relative_strength": -20.595632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.097219, "energy": 79.769541, "activity_lines": [ 44.752006, 46.370521, 48.57769, 49.313863 ] }, { "date": "2024-07-19", "close": 45.280958, "volume": 4839336, "typical_volume": 4971394.05, "trend": 49.677726, "fair_value": 48.944895, "relative_strength": -18.571937, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.948638, "energy": 73.556146, "activity_lines": [ 44.782751, 45.880243, 48.110572, 49.019264 ] }, { "date": "2024-07-26", "close": 41.967947, "volume": 9425185, "typical_volume": 5209172.45, "trend": 49.39622, "fair_value": 48.942559, "relative_strength": -23.284409, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.406858, "energy": 71.623016, "activity_lines": [ 43.825869, 44.910811, 47.355571, 48.521859 ] }, { "date": "2024-08-02", "close": 40.443209, "volume": 10865370, "typical_volume": 5464593.65, "trend": 49.105316, "fair_value": 48.933738, "relative_strength": -23.775624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.348165, "energy": 67.733831, "activity_lines": [ 42.641216, 43.861976, 46.50921, 47.944245 ] }, { "date": "2024-08-09", "close": 38.446129, "volume": 6908422, "typical_volume": 5472080.4, "trend": 48.774631, "fair_value": 48.896731, "relative_strength": -26.841277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.302578, "energy": 84.956758, "activity_lines": [ 41.05315, 42.645634, 45.540194, 47.256556 ] }, { "date": "2024-08-16", "close": 40.262035, "volume": 6022269, "typical_volume": 5564931.95, "trend": 48.52659, "fair_value": 48.8964, "relative_strength": -25.615726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.642384, "energy": 82.145094, "activity_lines": [ 40.376078, 41.980412, 44.813629, 46.707356 ] }, { "date": "2024-08-23", "close": 42.040109, "volume": 4676789, "typical_volume": 5587693.6, "trend": 48.210112, "fair_value": 48.872404, "relative_strength": -22.655104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.901256, "energy": 73.940823, "activity_lines": [ 40.629429, 41.76327, 44.327267, 46.288873 ] }, { "date": "2024-08-30", "close": 41.302397, "volume": 4250638, "typical_volume": 5615364.35, "trend": 47.987406, "fair_value": 48.855851, "relative_strength": -23.68413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.487213, "energy": 56.974158, "activity_lines": [ 40.852933, 41.502753, 43.832418, 45.843214 ] }, { "date": "2024-09-06", "close": 39.335166, "volume": 3484090, "typical_volume": 5592868.1, "trend": 47.701306, "fair_value": 48.829063, "relative_strength": -23.662675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.461747, "energy": 57.961326, "activity_lines": [ 40.465063, 40.973152, 43.196606, 45.285005 ] }, { "date": "2024-09-13", "close": 40.63089, "volume": 5728753, "typical_volume": 5619102.65, "trend": 47.418839, "fair_value": 48.808494, "relative_strength": -23.668616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.737819, "energy": 47.148904, "activity_lines": [ 40.582971, 40.770815, 42.736207, 44.828849 ] }, { "date": "2024-09-20", "close": 41.709084, "volume": 10772976, "typical_volume": 5863042.8, "trend": 47.171066, "fair_value": 48.79049, "relative_strength": -22.288502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.737485, "energy": 39.19105, "activity_lines": [ 40.914625, 40.80816, 42.423841, 44.460478 ] }, { "date": "2024-09-27", "close": 46.315054, "volume": 8323171, "typical_volume": 6080397.7, "trend": 47.012037, "fair_value": 48.801606, "relative_strength": -13.680189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.473823, "energy": 16.628983, "activity_lines": [ 42.685134, 41.748753, 42.591024, 44.405251 ] }, { "date": "2024-10-04", "close": 45.378727, "volume": 5375833, "typical_volume": 6183270.35, "trend": 46.748761, "fair_value": 48.806604, "relative_strength": -15.234141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.034133, "energy": 18.969881, "activity_lines": [ 43.858537, 42.500303, 42.696377, 44.299876 ] }, { "date": "2024-10-11", "close": 44.83963, "volume": 4900226, "typical_volume": 6234905.0, "trend": 46.422501, "fair_value": 48.808842, "relative_strength": -16.719008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.688817, "energy": 20.241858, "activity_lines": [ 44.580485, 43.091821, 42.785957, 44.176707 ] }, { "date": "2024-10-18", "close": 44.451859, "volume": 5142082, "typical_volume": 6311644.45, "trend": 46.136145, "fair_value": 48.766925, "relative_strength": -17.681152, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.344244, "energy": 22.012461, "activity_lines": [ 44.806213, 43.5329, 42.868899, 44.049569 ] }, { "date": "2024-10-25", "close": 39.183841, "volume": 9884508, "typical_volume": 6555389.9, "trend": 45.604165, "fair_value": 48.687876, "relative_strength": -26.296042, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.833298, "energy": 17.809123, "activity_lines": [ 43.021203, 42.906963, 42.479396, 43.601033 ] }, { "date": "2024-11-01", "close": 38.644744, "volume": 7644475, "typical_volume": 6708817.9, "trend": 45.058591, "fair_value": 48.574541, "relative_strength": -25.838421, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.320472, "energy": 42.208982, "activity_lines": [ 41.224843, 42.202612, 42.076369, 43.152038 ] }, { "date": "2024-11-08", "close": 41.888783, "volume": 12972778, "typical_volume": 7026059.65, "trend": 44.753384, "fair_value": 48.468505, "relative_strength": -22.870357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.759787, "energy": 38.398055, "activity_lines": [ 41.021184, 42.14982, 42.022235, 42.947534 ] }, { "date": "2024-11-15", "close": 39.333221, "volume": 6953894, "typical_volume": 6977080.6, "trend": 44.38925, "fair_value": 48.370508, "relative_strength": -25.541099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.793628, "energy": 53.657318, "activity_lines": [ 40.198334, 41.621719, 41.745125, 42.597846 ] }, { "date": "2024-11-22", "close": 40.739676, "volume": 4658266, "typical_volume": 6931026.75, "trend": 44.075436, "fair_value": 48.290364, "relative_strength": -23.649736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.919493, "energy": 52.821541, "activity_lines": [ 40.211396, 41.349372, 41.625983, 42.36239 ] }, { "date": "2024-11-29", "close": 40.47359, "volume": 4111571, "typical_volume": 6847031.6, "trend": 43.748064, "fair_value": 48.247005, "relative_strength": -24.507178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.693933, "energy": 32.0347, "activity_lines": [ 40.383242, 41.026668, 41.492413, 42.130013 ] }, { "date": "2024-12-06", "close": 39.219184, "volume": 5105699, "typical_volume": 6860349.75, "trend": 43.320117, "fair_value": 48.162986, "relative_strength": -26.874114, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.948695, "energy": 36.7103, "activity_lines": [ 40.050969, 40.498354, 41.262492, 41.837827 ] }, { "date": "2024-12-13", "close": 35.455967, "volume": 13350077, "typical_volume": 7056594.35, "trend": 42.740377, "fair_value": 48.072811, "relative_strength": -32.805139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.529722, "energy": 52.129519, "activity_lines": [ 38.425994, 39.414834, 40.703036, 41.330462 ] }, { "date": "2024-12-20", "close": 31.787781, "volume": 16233092, "typical_volume": 7324980.45, "trend": 42.093267, "fair_value": 47.947086, "relative_strength": -37.895025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.253768, "energy": 80.226765, "activity_lines": [ 36.007145, 37.844785, 39.825237, 40.623843 ] }, { "date": "2024-12-27", "close": 32.091879, "volume": 5196819, "typical_volume": 7239400.3, "trend": 41.476372, "fair_value": 47.818368, "relative_strength": -36.958713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.145115, "energy": 88.454254, "activity_lines": [ 34.192692, 36.567333, 39.017617, 39.978593 ] }, { "date": "2025-01-03", "close": 30.751946, "volume": 6140826, "typical_volume": 7245328.15, "trend": 40.93058, "fair_value": 47.702109, "relative_strength": -38.525809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.273893, "energy": 92.355795, "activity_lines": [ 32.508114, 35.270984, 38.112642, 39.286694 ] }, { "date": "2025-01-10", "close": 29.459528, "volume": 6026117, "typical_volume": 7312794.55, "trend": 40.344845, "fair_value": 47.568436, "relative_strength": -39.22741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.625362, "energy": 92.619802, "activity_lines": [ 31.040839, 33.892957, 37.129866, 38.546626 ] }, { "date": "2025-01-17", "close": 32.091879, "volume": 6269986, "typical_volume": 7413761.95, "trend": 39.875405, "fair_value": 47.494256, "relative_strength": -34.995118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.229265, "energy": 85.079526, "activity_lines": [ 31.101659, 33.160543, 36.457697, 38.014177 ] }, { "date": "2025-01-24", "close": 31.103559, "volume": 4548096, "typical_volume": 7466962.25, "trend": 39.432943, "fair_value": 47.415776, "relative_strength": -37.256921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.714253, "energy": 77.708063, "activity_lines": [ 31.057311, 32.42656, 35.735263, 37.448251 ] }, { "date": "2025-01-31", "close": 27.834502, "volume": 10990003, "typical_volume": 7730024.75, "trend": 38.926376, "fair_value": 47.303781, "relative_strength": -42.572504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.73353, "energy": 69.252118, "activity_lines": [ 29.968892, 31.247833, 34.740688, 36.699965 ] }, { "date": "2025-02-07", "close": 26.817673, "volume": 14973460, "typical_volume": 7940048.95, "trend": 38.309365, "fair_value": 47.176605, "relative_strength": -43.874216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.177184, "energy": 69.149552, "activity_lines": [ 28.825356, 30.118868, 33.710207, 35.918758 ] }, { "date": "2025-02-14", "close": 26.304507, "volume": 9569334, "typical_volume": 8002357.1, "trend": 37.676817, "fair_value": 47.056895, "relative_strength": -45.004231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.05995, "energy": 83.58906, "activity_lines": [ 27.773049, 29.144889, 32.701765, 35.144251 ] }, { "date": "2025-02-21", "close": 25.525255, "volume": 5073180, "typical_volume": 7987224.45, "trend": 37.128727, "fair_value": 46.924051, "relative_strength": -45.017763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.207786, "energy": 86.076242, "activity_lines": [ 26.671326, 28.264041, 31.714396, 34.360279 ] }, { "date": "2025-02-28", "close": 24.128304, "volume": 8750293, "typical_volume": 8179727.8, "trend": 36.584897, "fair_value": 46.80054, "relative_strength": -46.724907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.441691, "energy": 88.78552, "activity_lines": [ 25.541727, 27.30976, 30.688525, 33.521542 ] }, { "date": "2025-03-07", "close": 23.374269, "volume": 12182483, "typical_volume": 8531747.85, "trend": 36.082501, "fair_value": 46.666241, "relative_strength": -45.86762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.437664, "energy": 86.656244, "activity_lines": [ 24.625801, 26.357644, 29.689467, 32.669244 ] }, { "date": "2025-03-14", "close": 23.60418, "volume": 10009769, "typical_volume": 8538010.9, "trend": 35.527239, "fair_value": 46.510707, "relative_strength": -43.09494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.012619, "energy": 86.314603, "activity_lines": [ 24.08386, 25.605833, 28.812674, 31.864191 ] }, { "date": "2025-03-21", "close": 23.939467, "volume": 11862095, "typical_volume": 8748891.9, "trend": 34.923885, "fair_value": 46.358547, "relative_strength": -41.659061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.866643, "energy": 81.426435, "activity_lines": [ 23.867915, 25.044942, 28.042002, 31.116593 ] }, { "date": "2025-03-28", "close": 23.537123, "volume": 7221621, "typical_volume": 8461334.05, "trend": 34.331709, "fair_value": 46.198963, "relative_strength": -40.77253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.781928, "energy": 68.075665, "activity_lines": [ 23.675524, 24.511263, 27.303037, 30.381963 ] }, { "date": "2025-04-04", "close": 19.255033, "volume": 9707501, "typical_volume": 8599014.4, "trend": 33.662371, "fair_value": 45.99967, "relative_strength": -45.70419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.35988, "energy": 73.724553, "activity_lines": [ 22.188312, 23.354563, 26.243642, 29.409274 ] }, { "date": "2025-04-11", "close": 19.571161, "volume": 15729864, "typical_volume": 9152594.3, "trend": 32.96038, "fair_value": 45.785298, "relative_strength": -46.83491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.405397, "energy": 70.606764, "activity_lines": [ 21.131361, 22.470768, 25.309966, 28.500164 ] }, { "date": "2025-04-18", "close": 20.011823, "volume": 5074244, "typical_volume": 9200727.95, "trend": 32.237138, "fair_value": 45.593425, "relative_strength": -43.845727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.056383, "energy": 68.4035, "activity_lines": [ 20.474838, 21.817337, 24.519059, 27.664773 ] }, { "date": "2025-04-25", "close": 21.075161, "volume": 7691839, "typical_volume": 9330034.95, "trend": 31.395808, "fair_value": 45.393422, "relative_strength": -42.456369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.043807, "energy": 66.023455, "activity_lines": [ 20.412251, 21.480982, 23.92686, 26.944645 ] }, { "date": "2025-05-02", "close": 21.266753, "volume": 11578216, "typical_volume": 9241441.9, "trend": 30.592076, "fair_value": 45.159621, "relative_strength": -42.553463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.157117, "energy": 64.004161, "activity_lines": [ 20.604482, 21.274541, 23.439308, 26.291158 ] }, { "date": "2025-05-09", "close": 20.433326, "volume": 8488960, "typical_volume": 8854235.3, "trend": 29.778532, "fair_value": 44.924528, "relative_strength": -43.486388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.160907, "energy": 60.776898, "activity_lines": [ 20.670262, 20.993995, 22.93995, 25.635755 ] }, { "date": "2025-05-16", "close": 20.43369, "volume": 8390387, "typical_volume": 9013913.7, "trend": 28.977927, "fair_value": 44.689144, "relative_strength": -45.228901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.811972, "energy": 53.48721, "activity_lines": [ 20.657611, 20.780697, 22.494695, 25.032862 ] }, { "date": "2025-05-23", "close": 18.712347, "volume": 6894756, "typical_volume": 9051610.2, "trend": 28.295544, "fair_value": 44.417716, "relative_strength": -47.480248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.232349, "energy": 57.958181, "activity_lines": [ 20.013676, 20.307893, 21.941018, 24.370566 ] }, { "date": "2025-05-30", "close": 18.77037, "volume": 7807496, "typical_volume": 9140679.15, "trend": 27.633065, "fair_value": 44.15322, "relative_strength": -47.157434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.019562, "energy": 58.582762, "activity_lines": [ 19.475714, 19.93458, 21.450198, 23.756039 ] }, { "date": "2025-06-06", "close": 19.302246, "volume": 10019915, "typical_volume": 9328175.6, "trend": 26.88018, "fair_value": 43.919604, "relative_strength": -45.551423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.825844, "energy": 55.783138, "activity_lines": [ 19.268697, 19.751956, 21.060934, 23.218567 ] }, { "date": "2025-06-13", "close": 19.708405, "volume": 10367053, "typical_volume": 9619123.45, "trend": 26.226019, "fair_value": 43.763915, "relative_strength": -43.195866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.507473, "energy": 51.88777, "activity_lines": [ 19.328034, 19.720177, 20.771255, 22.755872 ] }, { "date": "2025-06-20", "close": 18.683336, "volume": 8273212, "typical_volume": 9483283.9, "trend": 25.490808, "fair_value": 43.610382, "relative_strength": -45.077687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.293391, "energy": 49.675889, "activity_lines": [ 19.094008, 19.493778, 20.438213, 22.269247 ] }, { "date": "2025-06-27", "close": 19.756757, "volume": 8164597, "typical_volume": 9142840.75, "trend": 24.800247, "fair_value": 43.469939, "relative_strength": -42.90342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.655472, "energy": 40.506636, "activity_lines": [ 19.33448, 19.478689, 20.250978, 21.899308 ] }, { "date": "2025-07-04", "close": 21.197656, "volume": 7550268, "typical_volume": 9041887.45, "trend": 24.199529, "fair_value": 43.326491, "relative_strength": -38.827579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.834839, "energy": 28.523243, "activity_lines": [ 19.985625, 19.73022, 20.234595, 21.666883 ] }, { "date": "2025-07-11", "close": 21.158975, "volume": 14593962, "typical_volume": 9517926.55, "trend": 23.722963, "fair_value": 43.190117, "relative_strength": -37.733106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.822952, "energy": 20.777371, "activity_lines": [ 20.462056, 19.97249, 20.238847, 21.470718 ] }, { "date": "2025-07-18", "close": 19.708405, "volume": 10739906, "typical_volume": 9617407.2, "trend": 23.320317, "fair_value": 43.035834, "relative_strength": -41.28825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.64742, "energy": 19.639119, "activity_lines": [ 20.331183, 19.95298, 20.12574, 21.211714 ] }, { "date": "2025-07-25", "close": 20.559406, "volume": 13216291, "typical_volume": 9669097.6, "trend": 22.935901, "fair_value": 42.861468, "relative_strength": -38.65883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.826193, "energy": 18.020644, "activity_lines": [ 20.483976, 20.101378, 20.114729, 21.033591 ] }, { "date": "2025-08-01", "close": 17.629255, "volume": 20903314, "typical_volume": 10213774.85, "trend": 22.498478, "fair_value": 42.664805, "relative_strength": -45.12763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.612754, "energy": 34.213346, "activity_lines": [ 19.534981, 19.714735, 19.83806, 20.691227 ] }, { "date": "2025-08-08", "close": 18.296517, "volume": 15140810, "typical_volume": 10377710.6, "trend": 22.126378, "fair_value": 42.440515, "relative_strength": -43.500751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.270168, "energy": 39.816148, "activity_lines": [ 18.950241, 19.469105, 19.653392, 20.420132 ] }, { "date": "2025-08-15", "close": 20.598088, "volume": 13417068, "typical_volume": 10687482.95, "trend": 21.743252, "fair_value": 42.23968, "relative_strength": -36.006901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.200022, "energy": 28.606223, "activity_lines": [ 19.326099, 19.650558, 19.714792, 20.321533 ] }, { "date": "2025-08-22", "close": 22.406464, "volume": 8560544, "typical_volume": 10630135.1, "trend": 21.453348, "fair_value": 42.05126, "relative_strength": -29.479098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.79514, "energy": 5.21147, "activity_lines": [ 20.342143, 20.137246, 19.962414, 20.364321 ] }, { "date": "2025-08-29", "close": 23.080495, "volume": 11004762, "typical_volume": 10393880.0, "trend": 21.294882, "fair_value": 41.88521, "relative_strength": -26.221802, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.738819, "energy": 25.077699, "activity_lines": [ 21.402992, 20.69743, 20.259222, 20.469298 ] }, { "date": "2025-09-05", "close": 24.690081, "volume": 9683851, "typical_volume": 10624360.35, "trend": 21.223962, "fair_value": 41.717719, "relative_strength": -20.219007, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.218734, "energy": 54.236536, "activity_lines": [ 22.832298, 21.470317, 20.692613, 20.688343 ] }, { "date": "2025-09-12", "close": 25.733874, "volume": 15043574, "typical_volume": 10991947.1, "trend": 21.204941, "fair_value": 41.613006, "relative_strength": -16.995863, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.248825, "energy": 71.768512, "activity_lines": [ 24.138813, 22.343288, 21.203136, 20.979305 ] }, { "date": "2025-09-19", "close": 23.558493, "volume": 14204157, "typical_volume": 11123244.15, "trend": 21.139382, "fair_value": 41.504813, "relative_strength": -23.736677, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.275969, "energy": 65.147151, "activity_lines": [ 24.224377, 22.738258, 21.484295, 21.131147 ] }, { "date": "2025-09-26", "close": 23.373147, "volume": 13552573, "typical_volume": 11376424.8, "trend": 21.11421, "fair_value": 41.402545, "relative_strength": -22.628501, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.779524, "energy": 68.918116, "activity_lines": [ 24.050799, 23.055901, 21.736889, 21.275261 ] }, { "date": "2025-10-03", "close": 25.129059, "volume": 12729156, "typical_volume": 11593363.25, "trend": 21.172703, "fair_value": 41.291192, "relative_strength": -16.230852, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.767233, "energy": 62.851226, "activity_lines": [ 24.398079, 23.62617, 22.142714, 21.534284 ] }, { "date": "2025-10-10", "close": 21.734295, "volume": 12328648, "typical_volume": 11865057.85, "trend": 21.110374, "fair_value": 41.155078, "relative_strength": -24.288936, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.870731, "energy": 28.889138, "activity_lines": [ 23.477201, 23.496124, 22.202868, 21.570515 ] }, { "date": "2025-10-17", "close": 22.836618, "volume": 9441540, "typical_volume": 11946760.05, "trend": 21.073612, "fair_value": 41.010511, "relative_strength": -20.326046, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.569553, "energy": 23.705058, "activity_lines": [ 23.120816, 23.491863, 22.353616, 21.681886 ] }, { "date": "2025-10-24", "close": 23.470698, "volume": 9745590, "typical_volume": 11933043.8, "trend": 21.071398, "fair_value": 40.842376, "relative_strength": -18.438626, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.346048, "energy": 22.060345, "activity_lines": [ 23.168941, 23.520343, 22.545389, 21.836537 ] }, { "date": "2025-10-31", "close": 20.192994, "volume": 21724229, "typical_volume": 12500902.6, "trend": 21.102663, "fair_value": 40.634064, "relative_strength": -29.075314, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.294561, "energy": 15.605059, "activity_lines": [ 22.130351, 22.900647, 22.405151, 21.779866 ] }, { "date": "2025-11-07", "close": 18.924835, "volume": 14458233, "typical_volume": 12810153.65, "trend": 21.081119, "fair_value": 40.405423, "relative_strength": -31.076016, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.021685, "energy": 24.527643, "activity_lines": [ 20.881052, 22.090621, 22.141827, 21.639361 ] }, { "date": "2025-11-14", "close": 19.6272, "volume": 11858292, "typical_volume": 12994838.4, "trend": 21.068298, "fair_value": 40.194797, "relative_strength": -27.296098, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.640365, "energy": 29.16516, "activity_lines": [ 20.279489, 21.483856, 21.944246, 21.545559 ] }, { "date": "2025-11-21", "close": 19.295528, "volume": 14943107, "typical_volume": 13364480.35, "trend": 21.008977, "fair_value": 39.976911, "relative_strength": -25.704535, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.757448, "energy": 42.009912, "activity_lines": [ 19.707842, 20.908839, 21.715693, 21.431187 ] }, { "date": "2025-11-28", "close": 20.778298, "volume": 7729799, "typical_volume": 13021272.2, "trend": 20.992695, "fair_value": 39.776318, "relative_strength": -21.405849, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.670214, "energy": 39.650236, "activity_lines": [ 19.866524, 20.720477, 21.637415, 21.416305 ] }, { "date": "2025-12-05", "close": 20.148056, "volume": 12775472, "typical_volume": 13123050.5, "trend": 20.983186, "fair_value": 39.588148, "relative_strength": -22.664362, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.580388, "energy": 29.253187, "activity_lines": [ 19.994619, 20.468075, 21.500926, 21.361812 ] }, { "date": "2025-12-12", "close": 21.841832, "volume": 12388546, "typical_volume": 13081663.25, "trend": 21.030124, "fair_value": 39.424878, "relative_strength": -14.495922, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.980874, "energy": 7.582145, "activity_lines": [ 20.690302, 20.582271, 21.523656, 21.417208 ] }, { "date": "2025-12-19", "close": 20.079123, "volume": 15160249, "typical_volume": 12794510.0, "trend": 21.075684, "fair_value": 39.237859, "relative_strength": -20.477897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.240665, "energy": 4.601761, "activity_lines": [ 20.603949, 20.435741, 21.372402, 21.355853 ] }, { "date": "2025-12-26", "close": 20.5715, "volume": 5629307, "typical_volume": 12318934.85, "trend": 21.135721, "fair_value": 39.057359, "relative_strength": -18.630458, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.882385, "energy": 5.851985, "activity_lines": [ 20.651593, 20.408829, 21.256375, 21.323325 ] }, { "date": "2026-01-02", "close": 21.221437, "volume": 6152279, "typical_volume": 11955695.4, "trend": 21.199694, "fair_value": 38.861849, "relative_strength": -14.214111, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.517543, "energy": 6.182161, "activity_lines": [ 20.830818, 20.541271, 21.191413, 21.328855 ] }, { "date": "2026-01-09", "close": 23.496218, "volume": 18542884, "typical_volume": 12454812.4, "trend": 21.325955, "fair_value": 38.678738, "relative_strength": -5.633547, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.824949, "energy": 14.651713, "activity_lines": [ 21.738761, 21.128205, 21.340129, 21.477018 ] }, { "date": "2026-01-16", "close": 23.053079, "volume": 11025940, "typical_volume": 12455871.3, "trend": 21.471613, "fair_value": 38.49379, "relative_strength": -6.032774, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.473666, "energy": 23.658527, "activity_lines": [ 22.27578, 21.574509, 21.441452, 21.588446 ] }, { "date": "2026-01-23", "close": 23.634084, "volume": 13720554, "typical_volume": 12657706.45, "trend": 21.600857, "fair_value": 38.275688, "relative_strength": -2.40054, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.418368, "energy": 39.445665, "activity_lines": [ 22.925718, 22.051393, 21.598239, 21.72796 ] }, { "date": "2026-01-30", "close": 20.49272, "volume": 24194204, "typical_volume": 13115237.95, "trend": 21.577359, "fair_value": 38.033791, "relative_strength": -14.908205, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.882789, "energy": 19.550982, "activity_lines": [ 22.291536, 21.884266, 21.460877, 21.656467 ] }, { "date": "2026-02-06", "close": 24.451429, "volume": 21373904, "typical_volume": 13473725.3, "trend": 21.687108, "fair_value": 37.825944, "relative_strength": 2.279365, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.66886, "energy": 43.476939, "activity_lines": [ 22.982177, 22.415138, 21.725493, 21.841891 ] }, { "date": "2026-02-13", "close": 25.48542, "volume": 15812650, "typical_volume": 13586729.15, "trend": 21.879675, "fair_value": 37.627911, "relative_strength": 8.368748, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.74464, "energy": 49.578924, "activity_lines": [ 23.802148, 23.067224, 22.084333, 22.086943 ] }, { "date": "2026-02-20", "close": 23.9689, "volume": 12029015, "typical_volume": 13551722.1, "trend": 21.993325, "fair_value": 37.42948, "relative_strength": 1.252148, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.211357, "energy": 37.743181, "activity_lines": [ 23.983999, 23.346536, 22.288683, 22.221732 ] }, { "date": "2026-02-27", "close": 24.983196, "volume": 12744864, "typical_volume": 13572532.9, "trend": 22.238456, "fair_value": 37.233243, "relative_strength": 6.343872, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.546131, "energy": 57.545126, "activity_lines": [ 24.442895, 23.771591, 22.595158, 22.414627 ] }, { "date": "2026-03-06", "close": 23.202713, "volume": 18083591, "typical_volume": 14004635.45, "trend": 22.401996, "fair_value": 37.067033, "relative_strength": 1.136343, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.132831, "energy": 40.065311, "activity_lines": [ 24.218355, 23.783757, 22.716591, 22.476837 ] }, { "date": "2026-03-13", "close": 24.552978, "volume": 17525186, "typical_volume": 14393615.25, "trend": 22.533825, "fair_value": 36.9212, "relative_strength": 8.98149, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.122869, "energy": 31.891973, "activity_lines": [ 24.263237, 23.993586, 22.964879, 22.61561 ] }, { "date": "2026-03-20", "close": 23.59985, "volume": 14064161, "typical_volume": 14010611.85, "trend": 22.573605, "fair_value": 36.765587, "relative_strength": 7.06644, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.955661, "energy": 26.412476, "activity_lines": [ 23.98364, 23.969545, 23.117238, 22.684386 ] }, { "date": "2026-03-27", "close": 28.802341, "volume": 15097265, "typical_volume": 14042563.45, "trend": 22.764333, "fair_value": 36.621656, "relative_strength": 33.45803, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.013446, "energy": 42.829447, "activity_lines": [ 25.563911, 24.889528, 23.748849, 23.08624 ] }, { "date": "2026-04-03", "close": 28.36549, "volume": 12077525, "typical_volume": 14053525.1, "trend": 22.886847, "fair_value": 36.469005, "relative_strength": 26.739929, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.452674, "energy": 61.047814, "activity_lines": [ 26.676336, 25.625551, 24.29182, 23.447605 ] }, { "date": "2026-04-10", "close": 28.74277, "volume": 14960903, "typical_volume": 14054414.9, "trend": 22.987143, "fair_value": 36.316937, "relative_strength": 23.595216, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.156628, "energy": 68.354252, "activity_lines": [ 27.689034, 26.344145, 24.829112, 23.825406 ] }, { "date": "2026-04-17", "close": 25.903243, "volume": 11293297, "typical_volume": 14232589.8, "trend": 23.065302, "fair_value": 36.153712, "relative_strength": 6.691401, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.364726, "energy": 62.433496, "activity_lines": [ 27.385886, 26.39646, 25.050985, 24.013542 ] }, { "date": "2026-04-24", "close": 26.578375, "volume": 10833772, "typical_volume": 14135504.8, "trend": 23.172143, "fair_value": 35.996117, "relative_strength": 8.980536, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.281868, "energy": 43.180448, "activity_lines": [ 27.217765, 26.54513, 25.312753, 24.240192 ] }, { "date": "2026-05-01", "close": 28.405204, "volume": 7902087, "typical_volume": 13911181.85, "trend": 23.281347, "fair_value": 35.8526, "relative_strength": 15.291791, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.861782, "energy": 40.277911, "activity_lines": [ 27.460019, 27.006079, 25.717883, 24.577809 ] }, { "date": "2026-05-08", "close": 26.647874, "volume": 12860899, "typical_volume": 13796214.35, "trend": 23.445133, "fair_value": 35.711345, "relative_strength": 5.700228, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.419766, "energy": 30.238887, "activity_lines": [ 27.142971, 27.066853, 25.924394, 24.795004 ] }, { "date": "2026-05-15", "close": 26.78, "volume": 11154892, "typical_volume": 14072493.6, "trend": 23.576579, "fair_value": 35.561429, "relative_strength": 5.915347, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.589917, "energy": 26.519679, "activity_lines": [ 26.984473, 27.121383, 26.11221, 25.010157 ] }, { "date": "2026-05-22", "close": 26.03, "volume": 8584717, "typical_volume": 14194115.5, "trend": 23.66189, "fair_value": 35.427741, "relative_strength": 1.928185, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.113286, "energy": 22.942637, "activity_lines": [ 26.706827, 26.974508, 26.199032, 25.168442 ] }, { "date": "2026-05-29", "close": 25.87, "volume": 8694683, "typical_volume": 13701705.45, "trend": 23.851123, "fair_value": 35.288451, "relative_strength": -0.261137, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.06464, "energy": 16.259897, "activity_lines": [ 26.367397, 26.771688, 26.247718, 25.3109 ] }, { "date": "2026-06-05", "close": 24.54, "volume": 9745731, "typical_volume": 13637695.0, "trend": 24.038295, "fair_value": 35.139685, "relative_strength": -2.997837, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.42697, "energy": 13.759867, "activity_lines": [ 25.631858, 26.285773, 26.158434, 25.355344 ] }, { "date": "2026-06-12", "close": 25.13, "volume": 9053840, "typical_volume": 13404359.3, "trend": 24.221722, "fair_value": 34.989651, "relative_strength": -1.255164, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.39146, "energy": 12.500188, "activity_lines": [ 25.350667, 25.984628, 26.11826, 25.425777 ] }, { "date": "2026-06-19", "close": 22.01, "volume": 21043627, "typical_volume": 13246830.45, "trend": 24.312204, "fair_value": 34.844097, "relative_strength": -14.200256, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.669056, "energy": 28.164969, "activity_lines": [ 24.130667, 25.175038, 25.773819, 25.283085 ] }, { "date": "2026-06-26", "close": 21.73, "volume": 20544941, "typical_volume": 13205382.3, "trend": 24.343928, "fair_value": 34.678031, "relative_strength": -13.099023, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.099255, "energy": 50.72094, "activity_lines": [ 23.135333, 24.436953, 25.395487, 25.116491 ] }, { "date": "2026-07-03", "close": 20.04, "volume": 15026176, "typical_volume": 13166058.6, "trend": 24.340326, "fair_value": 34.491863, "relative_strength": -21.231382, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.938651, "energy": 63.702821, "activity_lines": [ 21.863333, 23.467472, 24.869161, 24.838818 ] }, { "date": "2026-07-10", "close": 20.68, "volume": 17808681, "typical_volume": 13455041.9, "trend": 24.301598, "fair_value": 34.303142, "relative_strength": -19.497563, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.573007, "energy": 68.925282, "activity_lines": [ 21.193333, 22.733234, 24.429719, 24.602668 ] }, { "date": "2026-07-17", "close": 21.99, "volume": 13310897, "typical_volume": 13483343.55, "trend": 24.365294, "fair_value": 34.112182, "relative_strength": -12.948623, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.702403, "energy": 64.640057, "activity_lines": [ 21.217333, 22.377636, 24.1307, 24.453533 ] }, { "date": "2026-07-24", "close": 23.2, "volume": 13370344, "typical_volume": 13247681.2, "trend": 24.452911, "fair_value": 33.916381, "relative_strength": -7.552361, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.052519, "energy": 52.328193, "activity_lines": [ 21.854, 22.326727, 23.961172, 24.378353 ] }, { "date": "2026-07-31", "close": 18.51, "volume": 22022204, "typical_volume": 13472532.1, "trend": 24.362529, "fair_value": 33.68612, "relative_strength": -26.879792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.65186, "energy": 53.418564, "activity_lines": [ 20.848, 21.488182, 23.34499, 23.994939 ] }, { "date": "2026-08-07", "close": 18.59, "volume": 19501638, "typical_volume": 13744405.95, "trend": 24.198989, "fair_value": 33.460425, "relative_strength": -28.8533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.577271, "energy": 54.251589, "activity_lines": [ 20.083333, 20.800909, 22.765204, 23.622518 ] } ], "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." } } }