{ "ticker": { "uuid": "da9e42f6-dd56-4d64-8376-221f40193269", "symbol": "BBDC4", "name": "Banco Bradesco S.A.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 85.763, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -49.461, "architecture_energy": 22.044, "architecture_maturity": 49.653, "architecture_confidence": 73.666, "architecture_tenure": "Developing", "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": 43.3, "rotation_up": 27.04, "upward_expansion": 19.85, "deceleration": 42.54, "rotation_down": 30.6, "downward_expansion": 53.85 }, "activity_lines": [ 18.055619, 18.004295, 18.080848, 18.395854 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 17.309999, "trend_reference": 18.875643, "distance_from_trend": -0.082945, "trend_direction": "Weakening", "fair_value": 14.102329, "distance_from_fair_value": 0.227457, "fair_value_direction": "Weakening", "relative_strength": -7.698965, "relative_strength_direction": "Improving", "price_momentum": -0.144539, "excess_performance": -0.087491, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.082945, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003146, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.227457, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.128755, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.07699, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.010026, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.144539, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.60074, "read": "Supply-led" } ], "volume": { "latest": 173183506, "relative_activity": 1.444538, "balance": 0.60074, "dry_up": 1.210185, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.049038, "annualized_volatility": 0.276565, "from_high_reference": -0.202937, "from_low_reference": 0.178856 }, "levels": { "trend_reference": 18.875643, "fair_value_reference": 14.102329, "structural_low": 16.973171, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": 0.008818, "positive_rate": 0.52381, "directional_follow_through": 0.47619, "median_excess_return": 0.023571, "regime_survival": 0.714286, "best_return": 0.200368, "worst_return": -0.067087, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.14732, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.012456, "regime_survival": 0.333333, "best_return": 0.232069, "worst_return": -0.125983, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.056674, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.017376, "regime_survival": 0.333333, "best_return": 0.500876, "worst_return": -0.099123, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.071907, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.006996, "regime_survival": 0.0, "best_return": 0.134197, "worst_return": 0.057857, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-29", "tenure": "Developing", "return": -0.174477, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.065632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-03-21", "tenure": "Developing", "return": 0.123517, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": 0.002389, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.184771, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-08-01", "tenure": "Developing", "return": 0.030926, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": 0.02193, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-12-19", "tenure": "Established", "return": 0.1226, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.050742, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-13", "tenure": "Developing", "return": -0.084958, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.06924, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": -0.052179, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.012384, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.011088, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 11.921922, "volume": 173141200, "typical_volume": 200745980.0, "trend": 11.484779, "fair_value": 13.364819, "relative_strength": -4.588188, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.687744, "energy": 23.587551, "activity_lines": [ 12.233395, 12.518694, 12.470098, 12.043562 ] }, { "date": "2023-08-25", "close": 11.639376, "volume": 121372300, "typical_volume": 197331035.0, "trend": 11.521347, "fair_value": 13.362326, "relative_strength": -6.751385, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.374548, "energy": 24.617758, "activity_lines": [ 11.951284, 12.327599, 12.425164, 12.053536 ] }, { "date": "2023-09-01", "close": 11.764953, "volume": 163252600, "typical_volume": 192617505.0, "trend": 11.563923, "fair_value": 13.358772, "relative_strength": -6.919005, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.730023, "energy": 23.926066, "activity_lines": [ 11.826694, 12.18616, 12.384648, 12.069253 ] }, { "date": "2023-09-08", "close": 11.300496, "volume": 108318700, "typical_volume": 189020500.0, "trend": 11.615641, "fair_value": 13.357668, "relative_strength": -8.11676, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -16.770872, "energy": 35.438413, "activity_lines": [ 11.625831, 11.97975, 12.294551, 12.052257 ] }, { "date": "2023-09-15", "close": 11.724854, "volume": 172450900, "typical_volume": 186311110.0, "trend": 11.64893, "fair_value": 13.36065, "relative_strength": -6.938481, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.062244, "energy": 41.218544, "activity_lines": [ 11.621452, 11.879239, 12.240705, 12.059304 ] }, { "date": "2023-09-22", "close": 11.119751, "volume": 163398000, "typical_volume": 179551265.0, "trend": 11.678463, "fair_value": 13.360832, "relative_strength": -9.048692, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.922551, "energy": 50.909591, "activity_lines": [ 11.437929, 11.687582, 12.124293, 12.025163 ] }, { "date": "2023-09-29", "close": 11.237628, "volume": 157174700, "typical_volume": 172968690.0, "trend": 11.722729, "fair_value": 13.362204, "relative_strength": -7.914868, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.309641, "energy": 45.201798, "activity_lines": [ 11.347177, 11.549369, 12.020511, 11.996722 ] }, { "date": "2023-10-06", "close": 11.386546, "volume": 160455000, "typical_volume": 170150355.0, "trend": 11.753721, "fair_value": 13.360573, "relative_strength": -4.214027, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.072312, "energy": 33.529356, "activity_lines": [ 11.332847, 11.477082, 11.934327, 11.975033 ] }, { "date": "2023-10-13", "close": 11.402284, "volume": 104973900, "typical_volume": 162072880.0, "trend": 11.791402, "fair_value": 13.360518, "relative_strength": -4.852667, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.491815, "energy": 32.687526, "activity_lines": [ 11.34899, 11.435957, 11.854595, 11.952359 ] }, { "date": "2023-10-20", "close": 11.142608, "volume": 138008700, "typical_volume": 161949225.0, "trend": 11.836353, "fair_value": 13.350559, "relative_strength": -4.373093, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.967505, "energy": 33.10155, "activity_lines": [ 11.271788, 11.360776, 11.755157, 11.910502 ] }, { "date": "2023-10-27", "close": 11.292115, "volume": 200189400, "typical_volume": 165403050.0, "trend": 11.874472, "fair_value": 13.350409, "relative_strength": -2.768994, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.315244, "energy": 28.095284, "activity_lines": [ 11.283239, 11.329517, 11.675037, 11.87539 ] }, { "date": "2023-11-03", "close": 11.63826, "volume": 183698400, "typical_volume": 163856460.0, "trend": 11.92723, "fair_value": 13.349567, "relative_strength": -3.502539, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.35401, "energy": 28.838851, "activity_lines": [ 11.39858, 11.372644, 11.63623, 11.86015 ] }, { "date": "2023-11-10", "close": 11.85101, "volume": 249400100, "typical_volume": 168211935.0, "trend": 11.967529, "fair_value": 13.338421, "relative_strength": -3.73358, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.860424, "energy": 20.185739, "activity_lines": [ 11.558129, 11.454473, 11.624716, 11.855233 ] }, { "date": "2023-11-17", "close": 12.158318, "volume": 185067700, "typical_volume": 167155930.0, "trend": 12.025275, "fair_value": 13.327624, "relative_strength": -4.581313, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.036179, "energy": 16.572875, "activity_lines": [ 11.78915, 11.590612, 11.64716, 11.867542 ] }, { "date": "2023-11-24", "close": 12.73353, "volume": 182071700, "typical_volume": 170722065.0, "trend": 12.093448, "fair_value": 13.320514, "relative_strength": -0.404966, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 32.21852, "energy": 32.621956, "activity_lines": [ 12.161506, 11.815738, 11.72783, 11.913236 ] }, { "date": "2023-12-01", "close": 12.859605, "volume": 202884400, "typical_volume": 174190300.0, "trend": 12.141628, "fair_value": 13.309967, "relative_strength": -1.412599, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.82941, "energy": 49.219715, "activity_lines": [ 12.469825, 12.045447, 11.820646, 11.962665 ] }, { "date": "2023-12-08", "close": 12.985018, "volume": 158127500, "typical_volume": 174195745.0, "trend": 12.175958, "fair_value": 13.297412, "relative_strength": 0.25942, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.711906, "energy": 64.033387, "activity_lines": [ 12.71545, 12.266325, 11.925505, 12.017077 ] }, { "date": "2023-12-15", "close": 13.742349, "volume": 341950600, "typical_volume": 181972515.0, "trend": 12.219818, "fair_value": 13.287406, "relative_strength": 3.453001, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.253584, "energy": 74.302771, "activity_lines": [ 13.123734, 12.593128, 12.104345, 12.118135 ] }, { "date": "2023-12-22", "close": 13.828562, "volume": 195755400, "typical_volume": 177419415.0, "trend": 12.265521, "fair_value": 13.27615, "relative_strength": 2.052316, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.918203, "energy": 80.083548, "activity_lines": [ 13.434667, 12.892774, 12.28759, 12.221925 ] }, { "date": "2023-12-29", "close": 14.042193, "volume": 46081600, "typical_volume": 170388640.0, "trend": 12.326614, "fair_value": 13.266881, "relative_strength": 2.463533, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.690906, "energy": 91.830881, "activity_lines": [ 13.70546, 13.187148, 12.483073, 12.336549 ] }, { "date": "2024-01-05", "close": 13.885375, "volume": 114252700, "typical_volume": 167444215.0, "trend": 12.354626, "fair_value": 13.254851, "relative_strength": 2.920942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.067914, "energy": 87.966835, "activity_lines": [ 13.836737, 13.400289, 12.654198, 12.437114 ] }, { "date": "2024-01-12", "close": 13.005197, "volume": 180490200, "typical_volume": 170400110.0, "trend": 12.350978, "fair_value": 13.240327, "relative_strength": -2.757959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.561912, "energy": 64.678523, "activity_lines": [ 13.606236, 13.406248, 12.732146, 12.479086 ] }, { "date": "2024-01-19", "close": 12.865355, "volume": 200244200, "typical_volume": 172249690.0, "trend": 12.351953, "fair_value": 13.231241, "relative_strength": -1.285087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.895917, "energy": 42.422329, "activity_lines": [ 13.327776, 13.361928, 12.790272, 12.512272 ] }, { "date": "2024-01-26", "close": 12.766645, "volume": 157592600, "typical_volume": 174713385.0, "trend": 12.348127, "fair_value": 13.222509, "relative_strength": -3.149822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.89145, "energy": 25.392118, "activity_lines": [ 13.074879, 13.281218, 12.833757, 12.539026 ] }, { "date": "2024-02-02", "close": 12.617756, "volume": 159873100, "typical_volume": 174084495.0, "trend": 12.343292, "fair_value": 13.208616, "relative_strength": -2.982262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.41593, "energy": 31.102551, "activity_lines": [ 12.843146, 13.162377, 12.85608, 12.556422 ] }, { "date": "2024-02-09", "close": 11.085835, "volume": 727612900, "typical_volume": 202295240.0, "trend": 12.283472, "fair_value": 13.187357, "relative_strength": -15.266498, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.836753, "energy": 32.977262, "activity_lines": [ 12.195736, 12.76711, 12.728255, 12.475295 ] }, { "date": "2024-02-16", "close": 11.102306, "volume": 151956200, "typical_volume": 202034315.0, "trend": 12.207739, "fair_value": 13.167957, "relative_strength": -15.412877, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.979122, "energy": 45.240846, "activity_lines": [ 11.740452, 12.407087, 12.602159, 12.399091 ] }, { "date": "2024-02-23", "close": 11.382337, "volume": 233985500, "typical_volume": 205710840.0, "trend": 12.155712, "fair_value": 13.156586, "relative_strength": -13.60177, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.382665, "energy": 55.68856, "activity_lines": [ 11.505371, 12.132211, 12.503377, 12.345839 ] }, { "date": "2024-03-01", "close": 11.365864, "volume": 181646200, "typical_volume": 209544455.0, "trend": 12.130375, "fair_value": 13.13755, "relative_strength": -13.445807, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.11898, "energy": 61.12604, "activity_lines": [ 11.363667, 11.897249, 12.403047, 12.294881 ] }, { "date": "2024-03-08", "close": 11.414506, "volume": 148004600, "typical_volume": 210044250.0, "trend": 12.108752, "fair_value": 13.1189, "relative_strength": -11.446929, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.184973, "energy": 59.807913, "activity_lines": [ 11.331563, 11.715907, 12.307523, 12.248696 ] }, { "date": "2024-03-15", "close": 11.637186, "volume": 167604800, "typical_volume": 208415020.0, "trend": 12.099261, "fair_value": 13.095365, "relative_strength": -9.331986, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.015997, "energy": 35.707428, "activity_lines": [ 11.453902, 11.622828, 12.231911, 12.218273 ] }, { "date": "2024-03-22", "close": 11.513474, "volume": 115058900, "typical_volume": 204983045.0, "trend": 12.095064, "fair_value": 13.070816, "relative_strength": -10.353039, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.516461, "energy": 31.857727, "activity_lines": [ 11.498246, 11.548133, 12.142874, 12.18048 ] }, { "date": "2024-03-29", "close": 11.760897, "volume": 112947500, "typical_volume": 198160415.0, "trend": 12.094929, "fair_value": 13.051561, "relative_strength": -9.062837, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.574373, "energy": 20.245598, "activity_lines": [ 11.597654, 11.545546, 12.077996, 12.158921 ] }, { "date": "2024-04-05", "close": 11.991437, "volume": 172639800, "typical_volume": 197539020.0, "trend": 12.11796, "fair_value": 13.03588, "relative_strength": -6.229382, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.674501, "energy": 11.294073, "activity_lines": [ 11.748672, 11.604956, 12.035503, 12.152244 ] }, { "date": "2024-04-12", "close": 11.73542, "volume": 118118600, "typical_volume": 194341365.0, "trend": 12.118312, "fair_value": 13.015253, "relative_strength": -7.490095, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.656674, "energy": 10.220825, "activity_lines": [ 11.772645, 11.631912, 11.969422, 12.127564 ] }, { "date": "2024-04-19", "close": 11.264679, "volume": 188309700, "typical_volume": 193612630.0, "trend": 12.123143, "fair_value": 12.992405, "relative_strength": -10.448829, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.796126, "energy": 26.629269, "activity_lines": [ 11.61831, 11.589322, 11.863261, 12.072491 ] }, { "date": "2024-04-26", "close": 11.462885, "volume": 117607600, "typical_volume": 191586635.0, "trend": 12.130652, "fair_value": 12.969535, "relative_strength": -9.679884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.719443, "energy": 29.875904, "activity_lines": [ 11.554878, 11.579517, 11.783572, 12.029894 ] }, { "date": "2024-05-03", "close": 11.395926, "volume": 227357700, "typical_volume": 185856990.0, "trend": 12.130964, "fair_value": 12.945312, "relative_strength": -11.254885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.214576, "energy": 35.279673, "activity_lines": [ 11.472499, 11.550982, 11.704754, 11.982492 ] }, { "date": "2024-05-10", "close": 11.056858, "volume": 182500900, "typical_volume": 185194265.0, "trend": 12.11945, "fair_value": 12.91556, "relative_strength": -12.886812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.738366, "energy": 68.600879, "activity_lines": [ 11.301428, 11.460552, 11.604818, 11.913195 ] }, { "date": "2024-05-17", "close": 11.106479, "volume": 156322500, "typical_volume": 190706310.0, "trend": 12.118246, "fair_value": 12.881922, "relative_strength": -12.439731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.702455, "energy": 68.82979, "activity_lines": [ 11.209204, 11.384761, 11.522805, 11.847842 ] }, { "date": "2024-05-24", "close": 10.726063, "volume": 171176900, "typical_volume": 193552520.0, "trend": 12.099377, "fair_value": 12.843378, "relative_strength": -12.379953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.576318, "energy": 79.413615, "activity_lines": [ 11.032103, 11.245405, 11.418543, 11.758024 ] }, { "date": "2024-05-31", "close": 10.477964, "volume": 117548200, "typical_volume": 190405420.0, "trend": 12.060701, "fair_value": 12.796899, "relative_strength": -12.471547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.759568, "energy": 86.19102, "activity_lines": [ 10.80821, 11.077505, 11.305696, 11.653416 ] }, { "date": "2024-06-07", "close": 10.725486, "volume": 257274300, "typical_volume": 193256925.0, "trend": 12.023184, "fair_value": 12.752208, "relative_strength": -9.011872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.057602, "energy": 76.647633, "activity_lines": [ 10.732486, 10.973437, 11.228457, 11.567273 ] }, { "date": "2024-06-14", "close": 10.626097, "volume": 194265300, "typical_volume": 195090560.0, "trend": 11.972109, "fair_value": 12.70866, "relative_strength": -8.633214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.29879, "energy": 76.599586, "activity_lines": [ 10.668328, 10.870124, 11.151943, 11.477139 ] }, { "date": "2024-06-21", "close": 10.592605, "volume": 225909000, "typical_volume": 198392355.0, "trend": 11.900745, "fair_value": 12.669793, "relative_strength": -9.814011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.717398, "energy": 63.820124, "activity_lines": [ 10.621724, 10.785545, 11.082431, 11.388138 ] }, { "date": "2024-06-28", "close": 10.575521, "volume": 143468400, "typical_volume": 169185130.0, "trend": 11.824609, "fair_value": 12.632315, "relative_strength": -11.406381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.306965, "energy": 54.215814, "activity_lines": [ 10.603683, 10.718639, 11.020937, 11.30264 ] }, { "date": "2024-07-05", "close": 10.660344, "volume": 131370700, "typical_volume": 168155855.0, "trend": 11.74712, "fair_value": 12.598983, "relative_strength": -11.962232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.744306, "energy": 50.935141, "activity_lines": [ 10.623953, 10.679686, 10.96995, 11.227526 ] }, { "date": "2024-07-12", "close": 10.814347, "volume": 149351300, "typical_volume": 163924145.0, "trend": 11.64952, "fair_value": 12.565273, "relative_strength": -12.062557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.986811, "energy": 40.717545, "activity_lines": [ 10.683399, 10.683324, 10.935736, 11.167347 ] }, { "date": "2024-07-19", "close": 10.686014, "volume": 124517700, "typical_volume": 161067720.0, "trend": 11.544768, "fair_value": 12.534751, "relative_strength": -11.744387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.974265, "energy": 36.652739, "activity_lines": [ 10.694142, 10.674204, 10.892004, 11.105186 ] }, { "date": "2024-07-26", "close": 10.651789, "volume": 133885000, "typical_volume": 160361740.0, "trend": 11.431755, "fair_value": 12.502769, "relative_strength": -11.508455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.273962, "energy": 33.579091, "activity_lines": [ 10.689483, 10.665603, 10.848249, 11.047574 ] }, { "date": "2024-08-02", "close": 10.839237, "volume": 191251500, "typical_volume": 161544075.0, "trend": 11.330217, "fair_value": 12.474146, "relative_strength": -8.493284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.70821, "energy": 26.929366, "activity_lines": [ 10.743361, 10.699351, 10.825979, 11.009347 ] }, { "date": "2024-08-09", "close": 12.51011, "volume": 378529400, "typical_volume": 174717600.0, "trend": 11.313714, "fair_value": 12.458219, "relative_strength": 1.896028, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.036133, "energy": 36.257794, "activity_lines": [ 11.336616, 11.034837, 10.96664, 11.085469 ] }, { "date": "2024-08-16", "close": 12.827145, "volume": 195696400, "typical_volume": 178855045.0, "trend": 11.31244, "fair_value": 12.446848, "relative_strength": 2.032251, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.68015, "energy": 70.192791, "activity_lines": [ 11.912231, 11.391017, 11.132748, 11.18311 ] }, { "date": "2024-08-23", "close": 13.418376, "volume": 197453600, "typical_volume": 180095735.0, "trend": 11.334165, "fair_value": 12.436578, "relative_strength": 5.465596, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.677183, "energy": 86.694271, "activity_lines": [ 12.550737, 11.816481, 11.350086, 11.318977 ] }, { "date": "2024-08-30", "close": 13.401239, "volume": 140620700, "typical_volume": 181220840.0, "trend": 11.360281, "fair_value": 12.430674, "relative_strength": 5.051298, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.590941, "energy": 93.756561, "activity_lines": [ 13.001373, 12.188061, 11.558998, 11.452336 ] }, { "date": "2024-09-06", "close": 13.469037, "volume": 126705000, "typical_volume": 178140605.0, "trend": 11.439721, "fair_value": 12.430299, "relative_strength": 6.66059, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.47099, "energy": 91.55004, "activity_lines": [ 13.291311, 12.520902, 11.766434, 11.588385 ] }, { "date": "2024-09-13", "close": 13.340351, "volume": 113423400, "typical_volume": 177931395.0, "trend": 11.514322, "fair_value": 12.432908, "relative_strength": 5.394958, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.38653, "energy": 88.420084, "activity_lines": [ 13.363034, 12.777736, 11.951117, 11.711006 ] }, { "date": "2024-09-20", "close": 12.654025, "volume": 190168500, "typical_volume": 176071935.0, "trend": 11.556712, "fair_value": 12.430124, "relative_strength": 2.869508, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.057381, "energy": 65.855551, "activity_lines": [ 13.150633, 12.861056, 12.061496, 11.784536 ] }, { "date": "2024-09-27", "close": 12.81703, "volume": 237097500, "typical_volume": 178801765.0, "trend": 11.605084, "fair_value": 12.423871, "relative_strength": 2.88426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.265786, "energy": 56.892957, "activity_lines": [ 13.004108, 12.940565, 12.181408, 11.865846 ] }, { "date": "2024-10-04", "close": 13.11289, "volume": 173493200, "typical_volume": 179660300.0, "trend": 11.661697, "fair_value": 12.421508, "relative_strength": 6.013467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.275071, "energy": 46.251587, "activity_lines": [ 12.996292, 13.035121, 12.321115, 11.963124 ] }, { "date": "2024-10-11", "close": 12.886503, "volume": 139335300, "typical_volume": 178068220.0, "trend": 11.703341, "fair_value": 12.415912, "relative_strength": 5.612224, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.872832, "energy": 37.056788, "activity_lines": [ 12.932238, 13.043768, 12.429708, 12.042144 ] }, { "date": "2024-10-18", "close": 13.339272, "volume": 177711300, "typical_volume": 181076375.0, "trend": 11.764201, "fair_value": 12.416659, "relative_strength": 8.814697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.702491, "energy": 42.762297, "activity_lines": [ 13.057942, 13.097514, 12.571133, 12.147688 ] }, { "date": "2024-10-25", "close": 12.999698, "volume": 131280500, "typical_volume": 174776685.0, "trend": 11.805494, "fair_value": 12.417508, "relative_strength": 6.530314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.505816, "energy": 38.120606, "activity_lines": [ 13.070526, 13.074443, 12.666593, 12.227397 ] }, { "date": "2024-11-01", "close": 12.285717, "volume": 230681300, "typical_volume": 176597485.0, "trend": 11.815304, "fair_value": 12.413331, "relative_strength": 2.126268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.885158, "energy": 25.529838, "activity_lines": [ 12.822073, 12.91842, 12.683225, 12.25838 ] }, { "date": "2024-11-08", "close": 11.779131, "volume": 256171900, "typical_volume": 178110630.0, "trend": 11.816761, "fair_value": 12.403003, "relative_strength": -1.739301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.62669, "energy": 15.123492, "activity_lines": [ 12.440178, 12.690885, 12.643707, 12.256046 ] }, { "date": "2024-11-15", "close": 11.796569, "volume": 135898300, "typical_volume": 177732125.0, "trend": 11.83449, "fair_value": 12.39345, "relative_strength": -1.465408, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.364779, "energy": 21.998116, "activity_lines": [ 12.153013, 12.496013, 12.600201, 12.254743 ] }, { "date": "2024-11-22", "close": 12.031975, "volume": 114635500, "typical_volume": 176895365.0, "trend": 11.85346, "fair_value": 12.385862, "relative_strength": -0.368686, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.035814, "energy": 26.350067, "activity_lines": [ 12.016978, 12.37435, 12.573299, 12.267484 ] }, { "date": "2024-11-29", "close": 11.011874, "volume": 289014700, "typical_volume": 183878535.0, "trend": 11.840658, "fair_value": 12.370243, "relative_strength": -6.060126, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.943138, "energy": 56.095843, "activity_lines": [ 11.628064, 12.091003, 12.442714, 12.213188 ] }, { "date": "2024-12-06", "close": 10.758108, "volume": 192041000, "typical_volume": 187254700.0, "trend": 11.8307, "fair_value": 12.35528, "relative_strength": -8.110203, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.049446, "energy": 67.859673, "activity_lines": [ 11.287082, 11.791375, 12.287019, 12.143346 ] }, { "date": "2024-12-13", "close": 10.565997, "volume": 185887600, "typical_volume": 189854830.0, "trend": 11.812684, "fair_value": 12.340706, "relative_strength": -8.39155, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.323882, "energy": 70.118167, "activity_lines": [ 10.983904, 11.494252, 12.112685, 12.061753 ] }, { "date": "2024-12-20", "close": 10.269101, "volume": 292875600, "typical_volume": 194936035.0, "trend": 11.797452, "fair_value": 12.325646, "relative_strength": -8.755043, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.153797, "energy": 77.837524, "activity_lines": [ 10.662636, 11.189455, 11.910484, 11.962167 ] }, { "date": "2024-12-27", "close": 10.085726, "volume": 65141900, "typical_volume": 179266660.0, "trend": 11.784377, "fair_value": 12.309536, "relative_strength": -8.622256, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.258962, "energy": 80.886781, "activity_lines": [ 10.382074, 10.898906, 11.693533, 11.851733 ] }, { "date": "2025-01-03", "close": 10.052031, "volume": 83841000, "typical_volume": 173673890.0, "trend": 11.761929, "fair_value": 12.28884, "relative_strength": -7.197584, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.584923, "energy": 89.283898, "activity_lines": [ 10.220031, 10.661386, 11.484918, 11.739968 ] }, { "date": "2025-01-10", "close": 10.034079, "volume": 162471400, "typical_volume": 171924780.0, "trend": 11.742195, "fair_value": 12.265336, "relative_strength": -7.325188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.071347, "energy": 87.192592, "activity_lines": [ 10.115993, 10.474196, 11.287809, 11.628494 ] }, { "date": "2025-01-17", "close": 10.402056, "volume": 221099200, "typical_volume": 175948705.0, "trend": 11.735843, "fair_value": 12.244233, "relative_strength": -6.358247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.347857, "energy": 74.345615, "activity_lines": [ 10.182883, 10.39485, 11.14186, 11.542034 ] }, { "date": "2025-01-24", "close": 10.14178, "volume": 168201600, "typical_volume": 178023535.0, "trend": 11.721385, "fair_value": 12.214139, "relative_strength": -8.460197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.314283, "energy": 59.652051, "activity_lines": [ 10.173943, 10.293219, 10.985405, 11.439191 ] }, { "date": "2025-01-31", "close": 10.850809, "volume": 232913000, "typical_volume": 183998015.0, "trend": 11.727734, "fair_value": 12.187121, "relative_strength": -4.656919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.026605, "energy": 44.712909, "activity_lines": [ 10.409835, 10.350589, 10.91232, 11.383025 ] }, { "date": "2025-02-07", "close": 10.778001, "volume": 285634000, "typical_volume": 188771290.0, "trend": 11.726522, "fair_value": 12.167175, "relative_strength": -4.142488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.097966, "energy": 33.562404, "activity_lines": [ 10.570451, 10.416197, 10.844157, 11.321752 ] }, { "date": "2025-02-14", "close": 10.957784, "volume": 287645900, "typical_volume": 191298710.0, "trend": 11.735581, "fair_value": 12.147666, "relative_strength": -5.26394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.74901, "energy": 24.897821, "activity_lines": [ 10.742598, 10.518746, 10.802049, 11.272156 ] }, { "date": "2025-02-21", "close": 10.643164, "volume": 153403800, "typical_volume": 190294240.0, "trend": 11.735294, "fair_value": 12.130184, "relative_strength": -7.110579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.163473, "energy": 24.829409, "activity_lines": [ 10.74829, 10.56046, 10.738831, 11.201677 ] }, { "date": "2025-02-28", "close": 10.103811, "volume": 240633500, "typical_volume": 195359150.0, "trend": 11.71078, "fair_value": 12.110976, "relative_strength": -8.597911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.764231, "energy": 31.258371, "activity_lines": [ 10.558125, 10.502707, 10.636006, 11.09642 ] }, { "date": "2025-03-07", "close": 10.526095, "volume": 115375800, "typical_volume": 192242375.0, "trend": 11.644646, "fair_value": 12.091188, "relative_strength": -6.367795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.040503, "energy": 30.615653, "activity_lines": [ 10.511252, 10.524738, 10.58665, 11.019989 ] }, { "date": "2025-03-14", "close": 10.922287, "volume": 194291600, "typical_volume": 195392930.0, "trend": 11.581151, "fair_value": 12.072126, "relative_strength": -5.654719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.250896, "energy": 21.711036, "activity_lines": [ 10.618091, 10.610797, 10.588423, 10.973385 ] }, { "date": "2025-03-21", "close": 11.273458, "volume": 175031300, "typical_volume": 192610430.0, "trend": 11.509653, "fair_value": 12.050468, "relative_strength": -5.003199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.30798, "energy": 8.080087, "activity_lines": [ 10.832367, 10.744883, 10.633532, 10.953534 ] }, { "date": "2025-03-28", "close": 11.561598, "volume": 223958500, "typical_volume": 190999760.0, "trend": 11.448332, "fair_value": 12.031921, "relative_strength": -2.160812, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.723788, "energy": 19.152434, "activity_lines": [ 11.121646, 10.908823, 10.710904, 10.956885 ] }, { "date": "2025-04-04", "close": 11.543308, "volume": 172448200, "typical_volume": 192827255.0, "trend": 11.384141, "fair_value": 12.015287, "relative_strength": 1.334831, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.445183, "energy": 26.535368, "activity_lines": [ 11.343598, 11.048356, 10.78757, 10.963013 ] }, { "date": "2025-04-11", "close": 11.589223, "volume": 228837600, "typical_volume": 198537360.0, "trend": 11.32577, "fair_value": 11.999158, "relative_strength": 1.451031, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.187779, "energy": 44.973589, "activity_lines": [ 11.48489, 11.170754, 10.869815, 10.976244 ] }, { "date": "2025-04-18", "close": 11.736155, "volume": 95279300, "typical_volume": 188850590.0, "trend": 11.295174, "fair_value": 11.985186, "relative_strength": 1.167042, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.191996, "energy": 51.507612, "activity_lines": [ 11.604283, 11.306442, 10.968162, 11.00272 ] }, { "date": "2025-04-25", "close": 12.287148, "volume": 117834400, "typical_volume": 185140260.0, "trend": 11.277512, "fair_value": 11.980501, "relative_strength": 1.903232, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.430246, "energy": 62.158259, "activity_lines": [ 11.853083, 11.524889, 11.115535, 11.066719 ] }, { "date": "2025-05-02", "close": 12.342246, "volume": 131510700, "typical_volume": 182421415.0, "trend": 11.251823, "fair_value": 11.975523, "relative_strength": 2.00278, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.695485, "energy": 67.212137, "activity_lines": [ 12.052669, 11.729184, 11.260875, 11.135411 ] }, { "date": "2025-05-09", "close": 13.904658, "volume": 381272100, "typical_volume": 186841240.0, "trend": 11.285762, "fair_value": 11.975404, "relative_strength": 13.385122, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 93.759912, "energy": 91.346381, "activity_lines": [ 12.721017, 12.186661, 11.546557, 11.306562 ] }, { "date": "2025-05-16", "close": 14.162152, "volume": 187699000, "typical_volume": 192969095.0, "trend": 11.313191, "fair_value": 11.974798, "relative_strength": 12.900857, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.424597, "energy": 95.76271, "activity_lines": [ 13.317772, 12.621849, 11.839451, 11.492135 ] }, { "date": "2025-05-23", "close": 14.382861, "volume": 169962900, "typical_volume": 197275190.0, "trend": 11.359297, "fair_value": 11.971379, "relative_strength": 15.349526, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.358455, "energy": 94.526489, "activity_lines": [ 13.816568, 13.031056, 12.133952, 11.690178 ] }, { "date": "2025-05-30", "close": 14.897849, "volume": 213837800, "typical_volume": 199843510.0, "trend": 11.446368, "fair_value": 11.974287, "relative_strength": 19.592335, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.879066, "energy": 95.036547, "activity_lines": [ 14.31058, 13.470978, 12.456878, 11.918472 ] }, { "date": "2025-06-06", "close": 14.694309, "volume": 169566200, "typical_volume": 197266860.0, "trend": 11.54354, "fair_value": 11.97961, "relative_strength": 18.280865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.810804, "energy": 90.043198, "activity_lines": [ 14.562699, 13.807994, 12.737257, 12.128017 ] }, { "date": "2025-06-13", "close": 14.998139, "volume": 172234800, "typical_volume": 197468520.0, "trend": 11.650259, "fair_value": 11.989811, "relative_strength": 19.23393, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.908318, "energy": 88.207684, "activity_lines": [ 14.75929, 14.143294, 13.026134, 12.350894 ] }, { "date": "2025-06-20", "close": 15.30197, "volume": 130936500, "typical_volume": 192369695.0, "trend": 11.759259, "fair_value": 12.003691, "relative_strength": 21.117951, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.868615, "energy": 77.126861, "activity_lines": [ 14.984259, 14.47102, 13.320821, 12.586488 ] }, { "date": "2025-06-27", "close": 15.255936, "volume": 147856700, "typical_volume": 185480830.0, "trend": 11.900728, "fair_value": 12.020049, "relative_strength": 20.318339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.37221, "energy": 68.805254, "activity_lines": [ 15.117896, 14.722872, 13.589928, 12.81208 ] }, { "date": "2025-07-04", "close": 15.641662, "volume": 130042800, "typical_volume": 177600675.0, "trend": 12.063513, "fair_value": 12.038508, "relative_strength": 18.695178, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.529701, "energy": 70.375555, "activity_lines": [ 15.321903, 14.980861, 13.874448, 13.053431 ] }, { "date": "2025-07-11", "close": 15.059909, "volume": 108767000, "typical_volume": 175368835.0, "trend": 12.21331, "fair_value": 12.057706, "relative_strength": 18.070064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.965415, "energy": 65.248272, "activity_lines": [ 15.282405, 15.072084, 14.081258, 13.246747 ] }, { "date": "2025-07-18", "close": 14.703352, "volume": 118664200, "typical_volume": 169270370.0, "trend": 12.361119, "fair_value": 12.071749, "relative_strength": 17.061914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.644398, "energy": 59.406582, "activity_lines": [ 15.099682, 15.049068, 14.233079, 13.407395 ] }, { "date": "2025-07-25", "close": 14.600137, "volume": 136621300, "typical_volume": 170332645.0, "trend": 12.511599, "fair_value": 12.083343, "relative_strength": 15.508045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.68249, "energy": 48.174565, "activity_lines": [ 14.902205, 14.992763, 14.353166, 13.551847 ] }, { "date": "2025-08-01", "close": 14.600137, "volume": 190941400, "typical_volume": 170165135.0, "trend": 12.663202, "fair_value": 12.089809, "relative_strength": 15.888334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.350539, "energy": 35.203301, "activity_lines": [ 14.751518, 14.928495, 14.453854, 13.686592 ] }, { "date": "2025-08-08", "close": 14.993746, "volume": 134751200, "typical_volume": 168151130.0, "trend": 12.828525, "fair_value": 12.093946, "relative_strength": 15.628949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.448705, "energy": 36.218598, "activity_lines": [ 14.775753, 14.931841, 14.574514, 13.836949 ] }, { "date": "2025-08-15", "close": 15.059508, "volume": 124611700, "typical_volume": 163183790.0, "trend": 12.983773, "fair_value": 12.098129, "relative_strength": 15.429591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.330228, "energy": 38.589861, "activity_lines": [ 14.865104, 14.945401, 14.683722, 13.980884 ] }, { "date": "2025-08-22", "close": 15.322556, "volume": 181382200, "typical_volume": 163630490.0, "trend": 13.156466, "fair_value": 12.104798, "relative_strength": 15.779084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.506661, "energy": 48.727836, "activity_lines": [ 15.042164, 15.000147, 14.801326, 14.131773 ] }, { "date": "2025-08-29", "close": 15.811072, "volume": 146716900, "typical_volume": 159524455.0, "trend": 13.321808, "fair_value": 12.115121, "relative_strength": 16.243366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.798365, "energy": 60.812987, "activity_lines": [ 15.340782, 15.137817, 14.947458, 14.303038 ] }, { "date": "2025-09-05", "close": 16.214655, "volume": 111315100, "typical_volume": 160326245.0, "trend": 13.50303, "fair_value": 12.127701, "relative_strength": 17.872346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.924878, "energy": 71.231149, "activity_lines": [ 15.6932, 15.339608, 15.111923, 14.489673 ] }, { "date": "2025-09-12", "close": 15.829038, "volume": 142051500, "typical_volume": 161537100.0, "trend": 13.665405, "fair_value": 12.139412, "relative_strength": 15.083211, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.623973, "energy": 74.583548, "activity_lines": [ 15.809443, 15.453856, 15.218336, 14.639738 ] }, { "date": "2025-09-19", "close": 16.656704, "volume": 177416300, "typical_volume": 163832380.0, "trend": 13.865856, "fair_value": 12.151431, "relative_strength": 17.704537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.750418, "energy": 87.533664, "activity_lines": [ 16.145889, 15.715182, 15.386708, 14.832725 ] }, { "date": "2025-09-26", "close": 16.609674, "volume": 127888600, "typical_volume": 151163205.0, "trend": 14.082718, "fair_value": 12.164374, "relative_strength": 17.29953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.004356, "energy": 82.963856, "activity_lines": [ 16.360179, 15.938925, 15.530056, 15.009746 ] }, { "date": "2025-10-03", "close": 16.373278, "volume": 142502700, "typical_volume": 148903390.0, "trend": 14.277624, "fair_value": 12.172746, "relative_strength": 16.306459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.611934, "energy": 61.206854, "activity_lines": [ 16.409862, 16.085026, 15.63801, 15.157524 ] }, { "date": "2025-10-10", "close": 16.133902, "volume": 142021600, "typical_volume": 147506325.0, "trend": 14.451345, "fair_value": 12.183264, "relative_strength": 17.115691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.524845, "energy": 56.438712, "activity_lines": [ 16.342273, 16.155365, 15.712636, 15.277284 ] }, { "date": "2025-10-17", "close": 16.928629, "volume": 167249100, "typical_volume": 145176890.0, "trend": 14.63985, "fair_value": 12.193969, "relative_strength": 20.18084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.859625, "energy": 59.506394, "activity_lines": [ 16.544976, 16.342313, 15.854613, 15.437109 ] }, { "date": "2025-10-24", "close": 17.311625, "volume": 94832600, "typical_volume": 141440210.0, "trend": 14.831518, "fair_value": 12.213734, "relative_strength": 20.136661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.620704, "energy": 62.102558, "activity_lines": [ 16.802038, 16.563717, 16.023394, 15.609481 ] }, { "date": "2025-10-31", "close": 17.388229, "volume": 204007000, "typical_volume": 143028820.0, "trend": 15.026349, "fair_value": 12.233574, "relative_strength": 17.483309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.403575, "energy": 62.198633, "activity_lines": [ 17.040974, 16.758102, 16.187008, 15.77443 ] }, { "date": "2025-11-07", "close": 17.952555, "volume": 131570900, "typical_volume": 143060540.0, "trend": 15.23846, "fair_value": 12.277103, "relative_strength": 17.179298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.503498, "energy": 82.568158, "activity_lines": [ 17.416115, 17.017534, 16.392986, 15.963218 ] }, { "date": "2025-11-14", "close": 18.66184, "volume": 157516200, "typical_volume": 143543515.0, "trend": 15.469316, "fair_value": 12.323006, "relative_strength": 18.375876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.987727, "energy": 91.081446, "activity_lines": [ 17.922399, 17.36699, 16.653894, 16.184081 ] }, { "date": "2025-11-21", "close": 18.010069, "volume": 118607200, "typical_volume": 142971735.0, "trend": 15.66008, "fair_value": 12.365959, "relative_strength": 15.915931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.072191, "energy": 80.838953, "activity_lines": [ 18.042897, 17.553449, 16.836509, 16.348001 ] }, { "date": "2025-11-28", "close": 18.83437, "volume": 130382600, "typical_volume": 144052515.0, "trend": 15.876484, "fair_value": 12.414013, "relative_strength": 17.251688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.695803, "energy": 86.820334, "activity_lines": [ 18.366066, 17.850125, 17.086351, 16.552794 ] }, { "date": "2025-12-05", "close": 17.38493, "volume": 220910400, "typical_volume": 149164825.0, "trend": 15.992493, "fair_value": 12.457834, "relative_strength": 8.880046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.000405, "energy": 58.090957, "activity_lines": [ 18.104571, 17.843673, 17.180177, 16.650113 ] }, { "date": "2025-12-12", "close": 17.903021, "volume": 146768900, "typical_volume": 149672205.0, "trend": 16.117189, "fair_value": 12.507247, "relative_strength": 9.205643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.225759, "energy": 47.711676, "activity_lines": [ 18.015994, 17.917323, 17.310576, 16.773373 ] }, { "date": "2025-12-19", "close": 17.749514, "volume": 158158900, "typical_volume": 148033080.0, "trend": 16.229411, "fair_value": 12.549433, "relative_strength": 9.260962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.958896, "energy": 37.063588, "activity_lines": [ 17.87955, 17.93525, 17.410627, 16.878684 ] }, { "date": "2025-12-26", "close": 17.653566, "volume": 63946100, "typical_volume": 144492825.0, "trend": 16.321268, "fair_value": 12.590958, "relative_strength": 6.516413, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.524623, "energy": 25.65866, "activity_lines": [ 17.771945, 17.906357, 17.486543, 16.970565 ] }, { "date": "2026-01-02", "close": 17.853889, "volume": 62392100, "typical_volume": 141381845.0, "trend": 16.426587, "fair_value": 12.6341, "relative_strength": 7.43564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.64547, "energy": 27.109289, "activity_lines": [ 17.754882, 17.900706, 17.568872, 17.069444 ] }, { "date": "2026-01-09", "close": 18.186399, "volume": 139617800, "typical_volume": 139293625.0, "trend": 16.532862, "fair_value": 12.676845, "relative_strength": 7.005403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.230424, "energy": 29.471645, "activity_lines": [ 17.91402, 17.945651, 17.669562, 17.18298 ] }, { "date": "2026-01-16", "close": 18.549341, "volume": 142367900, "typical_volume": 139076175.0, "trend": 16.641108, "fair_value": 12.723492, "relative_strength": 7.645883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.743744, "energy": 39.447495, "activity_lines": [ 18.140708, 18.042074, 17.79118, 17.313075 ] }, { "date": "2026-01-23", "close": 20.393486, "volume": 203645700, "typical_volume": 143692705.0, "trend": 16.81236, "fair_value": 12.786641, "relative_strength": 8.423229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.895848, "energy": 68.828584, "activity_lines": [ 18.939022, 18.462945, 18.075392, 17.555164 ] }, { "date": "2026-01-30", "close": 20.903568, "volume": 157899700, "typical_volume": 144485115.0, "trend": 16.987757, "fair_value": 12.853409, "relative_strength": 9.017346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.236506, "energy": 85.337723, "activity_lines": [ 19.7311, 18.945074, 18.388284, 17.819113 ] }, { "date": "2026-02-06", "close": 20.234711, "volume": 251328300, "typical_volume": 148180715.0, "trend": 17.16025, "fair_value": 12.920626, "relative_strength": 4.15738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.647781, "energy": 79.793122, "activity_lines": [ 20.083558, 19.252984, 18.613311, 18.028594 ] }, { "date": "2026-02-13", "close": 20.588156, "volume": 194831900, "typical_volume": 151527880.0, "trend": 17.35641, "fair_value": 12.983843, "relative_strength": 3.511788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.305494, "energy": 81.812571, "activity_lines": [ 20.395109, 19.599695, 18.854961, 18.249749 ] }, { "date": "2026-02-20", "close": 21.36377, "volume": 107454600, "typical_volume": 149775475.0, "trend": 17.581865, "fair_value": 13.05519, "relative_strength": 4.581374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.89712, "energy": 81.36598, "activity_lines": [ 20.805082, 20.029187, 19.151534, 18.508289 ] }, { "date": "2026-02-27", "close": 20.764877, "volume": 211429000, "typical_volume": 153245845.0, "trend": 17.787356, "fair_value": 13.124774, "relative_strength": 2.082865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.859809, "energy": 57.102162, "activity_lines": [ 20.827795, 20.286867, 19.367305, 18.713644 ] }, { "date": "2026-03-06", "close": 19.211182, "volume": 237542900, "typical_volume": 156760535.0, "trend": 17.927937, "fair_value": 13.180892, "relative_strength": -0.999164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.69625, "energy": 45.551438, "activity_lines": [ 20.30785, 20.207231, 19.413053, 18.805504 ] }, { "date": "2026-03-13", "close": 18.660889, "volume": 174940300, "typical_volume": 160765920.0, "trend": 18.047983, "fair_value": 13.234668, "relative_strength": -3.258107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.22525, "energy": 25.798918, "activity_lines": [ 19.7173, 19.999222, 19.395523, 18.852791 ] }, { "date": "2026-03-20", "close": 18.012325, "volume": 172113800, "typical_volume": 159171260.0, "trend": 18.137642, "fair_value": 13.287349, "relative_strength": -6.143657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.864952, "energy": 18.695156, "activity_lines": [ 19.015483, 19.65862, 19.3098, 18.850491 ] }, { "date": "2026-03-27", "close": 18.199034, "volume": 155089800, "typical_volume": 160347205.0, "trend": 18.217241, "fair_value": 13.338955, "relative_strength": -8.162972, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.679878, "energy": 23.820124, "activity_lines": [ 18.547625, 19.35513, 19.238887, 18.854451 ] }, { "date": "2026-04-03", "close": 18.786612, "volume": 151898600, "typical_volume": 160066325.0, "trend": 18.302973, "fair_value": 13.394923, "relative_strength": -8.620197, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.345469, "energy": 20.148582, "activity_lines": [ 18.486609, 19.164841, 19.22276, 18.891185 ] }, { "date": "2026-04-10", "close": 20.397348, "volume": 187076600, "typical_volume": 163489795.0, "trend": 18.45525, "fair_value": 13.457458, "relative_strength": -5.656554, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.006447, "energy": 17.842316, "activity_lines": [ 19.094389, 19.296629, 19.359442, 19.026306 ] }, { "date": "2026-04-17", "close": 21.215637, "volume": 189660600, "typical_volume": 166453695.0, "trend": 18.607214, "fair_value": 13.526622, "relative_strength": -1.383892, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.553788, "energy": 32.228208, "activity_lines": [ 19.895854, 19.586402, 19.562688, 19.204396 ] }, { "date": "2026-04-24", "close": 19.878435, "volume": 96227200, "typical_volume": 160219535.0, "trend": 18.716173, "fair_value": 13.585533, "relative_strength": -5.39836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.753136, "energy": 30.62524, "activity_lines": [ 20.081268, 19.615211, 19.627243, 19.28641 ] }, { "date": "2026-05-01", "close": 19.259497, "volume": 101773800, "typical_volume": 157969780.0, "trend": 18.81238, "fair_value": 13.635824, "relative_strength": -6.853764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.597952, "energy": 29.373034, "activity_lines": [ 19.935963, 19.54439, 19.620977, 19.321463 ] }, { "date": "2026-05-08", "close": 18.550398, "volume": 172471500, "typical_volume": 158685410.0, "trend": 18.89293, "fair_value": 13.678101, "relative_strength": -8.701515, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.717416, "energy": 12.730003, "activity_lines": [ 19.483594, 19.382902, 19.540718, 19.304561 ] }, { "date": "2026-05-15", "close": 17.652315, "volume": 180287000, "typical_volume": 164502455.0, "trend": 18.917053, "fair_value": 13.711599, "relative_strength": -9.743186, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.766392, "energy": 24.881242, "activity_lines": [ 18.747611, 19.098389, 19.371114, 19.224521 ] }, { "date": "2026-05-22", "close": 17.582466, "volume": 136077500, "typical_volume": 168186725.0, "trend": 18.926081, "fair_value": 13.744452, "relative_strength": -9.48019, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.631252, "energy": 43.63788, "activity_lines": [ 18.171348, 18.82952, 19.194864, 19.138419 ] }, { "date": "2026-05-29", "close": 17.662294, "volume": 153939800, "typical_volume": 168902825.0, "trend": 18.935216, "fair_value": 13.779406, "relative_strength": -7.687759, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.119147, "energy": 56.488787, "activity_lines": [ 17.863905, 18.594772, 19.027509, 19.056884 ] }, { "date": "2026-06-05", "close": 17.120167, "volume": 24164700, "typical_volume": 162992665.0, "trend": 18.90747, "fair_value": 13.805529, "relative_strength": -7.8891, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.191771, "energy": 66.720462, "activity_lines": [ 17.523496, 18.26782, 18.811019, 18.939784 ] }, { "date": "2026-06-12", "close": 17.443556, "volume": 22078400, "typical_volume": 153914300.0, "trend": 18.866861, "fair_value": 13.833279, "relative_strength": -7.188808, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.457961, "energy": 71.544243, "activity_lines": [ 17.433505, 18.019281, 18.632133, 18.845338 ] }, { "date": "2026-06-19", "close": 17.120165, "volume": 20299600, "typical_volume": 147034295.0, "trend": 18.837197, "fair_value": 13.860741, "relative_strength": -7.364903, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.308788, "energy": 72.165226, "activity_lines": [ 17.309507, 17.736364, 18.436495, 18.732648 ] }, { "date": "2026-06-26", "close": 17.561153, "volume": 54809800, "typical_volume": 137208370.0, "trend": 18.794757, "fair_value": 13.890739, "relative_strength": -7.401765, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.618163, "energy": 63.197458, "activity_lines": [ 17.367981, 17.593211, 18.300872, 18.650323 ] }, { "date": "2026-07-03", "close": 17.89538, "volume": 11813000, "typical_volume": 128057425.0, "trend": 18.811772, "fair_value": 13.92364, "relative_strength": -6.035259, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.566032, "energy": 42.653731, "activity_lines": [ 17.539286, 17.577272, 18.209812, 18.592298 ] }, { "date": "2026-07-10", "close": 18.84071, "volume": 159753900, "typical_volume": 130672390.0, "trend": 18.843028, "fair_value": 13.961847, "relative_strength": -2.994365, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.033912, "energy": 22.486663, "activity_lines": [ 18.010161, 17.769267, 18.221606, 18.594165 ] }, { "date": "2026-07-17", "close": 18.271292, "volume": 174267100, "typical_volume": 128814295.0, "trend": 18.860421, "fair_value": 13.993238, "relative_strength": -3.591829, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.567441, "energy": 23.723619, "activity_lines": [ 18.176527, 17.865345, 18.191184, 18.557279 ] }, { "date": "2026-07-24", "close": 18.461098, "volume": 101833200, "typical_volume": 122028810.0, "trend": 18.887338, "fair_value": 14.028609, "relative_strength": -2.717791, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.07999, "energy": 25.983096, "activity_lines": [ 18.35098, 18.001009, 18.190713, 18.531516 ] }, { "date": "2026-07-31", "close": 18.379427, "volume": 131065211, "typical_volume": 119835055.55, "trend": 18.904856, "fair_value": 14.068695, "relative_strength": -5.184393, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.143335, "energy": 23.399717, "activity_lines": [ 18.408814, 18.107117, 18.186035, 18.498748 ] }, { "date": "2026-08-07", "close": 17.309999, "volume": 173183506, "typical_volume": 119888540.85, "trend": 18.875643, "fair_value": 14.102329, "relative_strength": -7.698965, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.461479, "energy": 22.044115, "activity_lines": [ 18.055619, 18.004295, 18.080848, 18.395854 ] } ], "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." } } }