{ "ticker": { "uuid": "de869662-36ee-4f9c-8479-3d107cc07cd8", "symbol": "BNR", "name": "Brenntag SE", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 86.955, "architecture_energy": 85.78, "architecture_maturity": 19.238, "architecture_confidence": 73.73, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 11.3, "rotation_up": 85.97, "upward_expansion": 96.06, "deceleration": 39.06, "rotation_down": 8.48, "downward_expansion": 18.06 }, "activity_lines": [ 61.162668, 59.019274, 58.108051, 56.816576 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 64.080002, "trend_reference": 54.981842, "distance_from_trend": 0.165476, "trend_direction": "Improving", "fair_value": 58.883352, "distance_from_fair_value": 0.088253, "fair_value_direction": "Improving", "relative_strength": 13.221334, "relative_strength_direction": "Improving", "price_momentum": 0.191847, "excess_performance": 0.127207, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.165476, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.065404, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.088253, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.096186, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.132213, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.008563, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.191847, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.306107, "read": "Demand-led" } ], "volume": { "latest": 1242973, "relative_activity": 0.905326, "balance": 1.306107, "dry_up": 0.93166, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.044879, "annualized_volatility": 0.386127, "from_high_reference": -0.041579, "from_low_reference": 0.514616 }, "levels": { "trend_reference": 54.981842, "fair_value_reference": 58.883352, "structural_low": 42.307759, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.00846, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": -0.007756, "regime_survival": 0.5625, "best_return": 0.085967, "worst_return": -0.090613, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.014145, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.004111, "regime_survival": 0.428571, "best_return": 0.068844, "worst_return": -0.162142, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.002996, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.047335, "regime_survival": 0.25, "best_return": 0.083963, "worst_return": -0.173711, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.218265, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.047898, "regime_survival": 0.0, "best_return": 0.208331, "worst_return": -0.232749, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-11-01", "tenure": "Developing", "return": -0.089404, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-02-21", "tenure": "Established", "return": 0.045574, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": -0.032278, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.004313, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-23", "tenure": "Developing", "return": 0.010749, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-08-01", "tenure": "Developing", "return": -0.102951, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2026-01-09", "tenure": "Established", "return": -0.107717, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": 0.104134, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.101683, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.076377, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.038721, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-06-12", "tenure": "Developing", "return": -0.022054, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": 0.104638, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.084998, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 64.727745, "volume": 1666973, "typical_volume": 2178073.2, "trend": 63.193509, "fair_value": 60.996595, "relative_strength": 2.63317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.851257, "energy": 15.491743, "activity_lines": [ 63.525669, 63.273351, 63.879563, 63.606783 ] }, { "date": "2023-08-25", "close": 65.143715, "volume": 1436370, "typical_volume": 2171366.5, "trend": 63.312934, "fair_value": 61.13287, "relative_strength": 3.086061, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.83891, "energy": 19.785123, "activity_lines": [ 64.185185, 63.59297, 63.988478, 63.732603 ] }, { "date": "2023-09-01", "close": 67.549072, "volume": 2273585, "typical_volume": 2219952.15, "trend": 63.484981, "fair_value": 61.2799, "relative_strength": 5.606478, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.388433, "energy": 42.119994, "activity_lines": [ 65.433079, 64.349927, 64.299867, 64.005902 ] }, { "date": "2023-09-08", "close": 66.988434, "volume": 1732838, "typical_volume": 2161238.2, "trend": 63.677036, "fair_value": 61.412052, "relative_strength": 5.549039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.534276, "energy": 58.86048, "activity_lines": [ 66.266217, 64.928662, 64.529178, 64.231931 ] }, { "date": "2023-09-15", "close": 69.538475, "volume": 2552240, "typical_volume": 2177912.15, "trend": 63.857354, "fair_value": 61.552523, "relative_strength": 8.547483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.857686, "energy": 74.813983, "activity_lines": [ 67.5539, 65.926978, 64.990247, 64.610088 ] }, { "date": "2023-09-22", "close": 67.277802, "volume": 1459180, "typical_volume": 2165615.75, "trend": 64.004529, "fair_value": 61.68946, "relative_strength": 7.363017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.924327, "energy": 68.369625, "activity_lines": [ 67.716671, 66.384047, 65.213856, 64.830762 ] }, { "date": "2023-09-29", "close": 66.445869, "volume": 1482163, "typical_volume": 2122730.1, "trend": 64.096417, "fair_value": 61.818569, "relative_strength": 7.319464, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.279928, "energy": 56.684245, "activity_lines": [ 67.432128, 66.60469, 65.350692, 64.988268 ] }, { "date": "2023-10-06", "close": 65.252235, "volume": 1493915, "typical_volume": 2101197.55, "trend": 64.225322, "fair_value": 61.93547, "relative_strength": 6.558013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.425485, "energy": 32.874692, "activity_lines": [ 66.662896, 66.526431, 65.37672, 65.062837 ] }, { "date": "2023-10-13", "close": 64.745834, "volume": 1261901, "typical_volume": 2076779.7, "trend": 64.444639, "fair_value": 62.047497, "relative_strength": 5.878091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.213618, "energy": 15.798463, "activity_lines": [ 65.877986, 66.335711, 65.362739, 65.096419 ] }, { "date": "2023-10-20", "close": 61.490456, "volume": 2239869, "typical_volume": 2079240.45, "trend": 64.509712, "fair_value": 62.142236, "relative_strength": 3.144325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -18.074719, "energy": 21.829415, "activity_lines": [ 64.157457, 65.486024, 65.042903, 64.905826 ] }, { "date": "2023-10-27", "close": 62.430901, "volume": 1019742, "typical_volume": 2047718.1, "trend": 64.562162, "fair_value": 62.24474, "relative_strength": 5.4178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.53273, "energy": 25.700056, "activity_lines": [ 63.286945, 64.852377, 64.835919, 64.771709 ] }, { "date": "2023-11-03", "close": 64.528816, "volume": 1152538, "typical_volume": 1950967.65, "trend": 64.727927, "fair_value": 62.332594, "relative_strength": 5.285464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.999968, "energy": 24.910722, "activity_lines": [ 63.438864, 64.641929, 64.83523, 64.769558 ] }, { "date": "2023-11-10", "close": 64.836258, "volume": 2191469, "typical_volume": 1899082.1, "trend": 64.838276, "fair_value": 62.420356, "relative_strength": 5.461246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.985149, "energy": 23.38265, "activity_lines": [ 63.821067, 64.498559, 64.86675, 64.776547 ] }, { "date": "2023-11-17", "close": 68.95974, "volume": 1510541, "typical_volume": 1839729.65, "trend": 64.981714, "fair_value": 62.516217, "relative_strength": 7.175774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.001885, "energy": 22.558436, "activity_lines": [ 65.605496, 65.154238, 65.283921, 65.042448 ] }, { "date": "2023-11-24", "close": 70.515091, "volume": 869157, "typical_volume": 1784025.9, "trend": 65.169375, "fair_value": 62.621831, "relative_strength": 8.703682, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.542, "energy": 53.083875, "activity_lines": [ 67.627448, 66.056866, 65.828292, 65.39944 ] }, { "date": "2023-12-01", "close": 71.18425, "volume": 2938378, "typical_volume": 1841609.25, "trend": 65.352371, "fair_value": 62.740088, "relative_strength": 6.929047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.273682, "energy": 72.831707, "activity_lines": [ 69.270811, 67.063402, 66.397639, 65.787496 ] }, { "date": "2023-12-08", "close": 71.600204, "volume": 2000023, "typical_volume": 1804694.35, "trend": 65.504089, "fair_value": 62.85895, "relative_strength": 4.932329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.637394, "energy": 78.402564, "activity_lines": [ 70.469269, 68.07454, 66.965693, 66.190582 ] }, { "date": "2023-12-15", "close": 73.282158, "volume": 2956393, "typical_volume": 1866012.9, "trend": 65.714216, "fair_value": 62.976335, "relative_strength": 7.037873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.074094, "energy": 83.494492, "activity_lines": [ 71.756952, 69.297773, 67.647944, 66.692393 ] }, { "date": "2023-12-22", "close": 74.728989, "volume": 1040402, "typical_volume": 1787775.4, "trend": 66.017716, "fair_value": 63.107768, "relative_strength": 9.064591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.005755, "energy": 87.024258, "activity_lines": [ 72.963852, 70.638067, 68.424412, 67.273992 ] }, { "date": "2023-12-29", "close": 75.253464, "volume": 422039, "typical_volume": 1684985.8, "trend": 66.313487, "fair_value": 63.246577, "relative_strength": 9.163317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.567346, "energy": 87.748886, "activity_lines": [ 73.960961, 71.892208, 69.185721, 67.869846 ] }, { "date": "2024-01-05", "close": 73.842804, "volume": 1142508, "typical_volume": 1658762.55, "trend": 66.648422, "fair_value": 63.349654, "relative_strength": 7.872701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.73174, "energy": 81.041708, "activity_lines": [ 74.171958, 72.63963, 69.758943, 68.355609 ] }, { "date": "2024-01-12", "close": 74.240685, "volume": 1564388, "typical_volume": 1665163.45, "trend": 66.951654, "fair_value": 63.46266, "relative_strength": 7.450726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.599088, "energy": 69.407737, "activity_lines": [ 74.338345, 73.251904, 70.326653, 68.845432 ] }, { "date": "2024-01-19", "close": 72.540657, "volume": 1376856, "typical_volume": 1620327.0, "trend": 67.257901, "fair_value": 63.56173, "relative_strength": 5.716955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.252718, "energy": 52.872389, "activity_lines": [ 73.762024, 73.378502, 70.689137, 69.206013 ] }, { "date": "2024-01-26", "close": 72.631073, "volume": 1701568, "typical_volume": 1618763.5, "trend": 67.526771, "fair_value": 63.676135, "relative_strength": 3.208694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.00393, "energy": 38.717859, "activity_lines": [ 73.265275, 73.38146, 71.036463, 69.552669 ] }, { "date": "2024-02-02", "close": 73.481102, "volume": 1635085, "typical_volume": 1572905.75, "trend": 67.89692, "fair_value": 63.792299, "relative_strength": 4.531832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.164657, "energy": 34.560306, "activity_lines": [ 73.19173, 73.472217, 71.437873, 69.93682 ] }, { "date": "2024-02-09", "close": 71.383186, "volume": 1410607, "typical_volume": 1570477.1, "trend": 68.189903, "fair_value": 63.89404, "relative_strength": 1.395568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.607104, "energy": 25.678485, "activity_lines": [ 72.537037, 73.127608, 71.620708, 70.16174 ] }, { "date": "2024-02-16", "close": 72.631073, "volume": 1291506, "typical_volume": 1560944.25, "trend": 68.546186, "fair_value": 64.001175, "relative_strength": 1.969719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.944042, "energy": 25.219956, "activity_lines": [ 72.462281, 73.00627, 71.90284, 70.448267 ] }, { "date": "2024-02-23", "close": 75.958794, "volume": 1324920, "typical_volume": 1552494.5, "trend": 68.940448, "fair_value": 64.139515, "relative_strength": 4.683367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.48328, "energy": 42.846966, "activity_lines": [ 73.604073, 73.471229, 72.472445, 70.9265 ] }, { "date": "2024-03-01", "close": 77.640747, "volume": 1945008, "typical_volume": 1586649.85, "trend": 69.49326, "fair_value": 64.288419, "relative_strength": 4.956128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.33887, "energy": 56.872449, "activity_lines": [ 75.07864, 74.193332, 73.151251, 71.487809 ] }, { "date": "2024-03-08", "close": 72.612991, "volume": 2369600, "typical_volume": 1593136.4, "trend": 69.781421, "fair_value": 64.375694, "relative_strength": -2.321991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.794047, "energy": 42.04315, "activity_lines": [ 74.54331, 73.948356, 73.28982, 71.689082 ] }, { "date": "2024-03-15", "close": 70.931053, "volume": 2007948, "typical_volume": 1642546.7, "trend": 69.988198, "fair_value": 64.445244, "relative_strength": -5.241197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.165851, "energy": 29.935912, "activity_lines": [ 73.505209, 73.445581, 73.215239, 71.763252 ] }, { "date": "2024-03-22", "close": 71.437439, "volume": 1130430, "typical_volume": 1641441.3, "trend": 70.197988, "fair_value": 64.510011, "relative_strength": -5.951733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.173134, "energy": 10.734953, "activity_lines": [ 72.666045, 73.087818, 73.148409, 71.856752 ] }, { "date": "2024-03-29", "close": 70.605515, "volume": 1083205, "typical_volume": 1586028.1, "trend": 70.29987, "fair_value": 64.563262, "relative_strength": -8.45532, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.094544, "energy": 15.884368, "activity_lines": [ 71.629148, 72.629764, 72.96945, 71.883044 ] }, { "date": "2024-04-05", "close": 69.158676, "volume": 1038350, "typical_volume": 1562418.55, "trend": 70.372211, "fair_value": 64.607239, "relative_strength": -8.759566, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -9.937204, "energy": 25.330433, "activity_lines": [ 70.466857, 71.943833, 72.625223, 71.809418 ] }, { "date": "2024-04-12", "close": 69.104416, "volume": 1623091, "typical_volume": 1600115.25, "trend": 70.357743, "fair_value": 64.633834, "relative_strength": -7.570595, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.132145, "energy": 42.036138, "activity_lines": [ 69.851951, 71.311171, 72.274882, 71.727625 ] }, { "date": "2024-04-19", "close": 67.404388, "volume": 1789545, "typical_volume": 1542673.6, "trend": 70.361962, "fair_value": 64.654957, "relative_strength": -8.7496, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.446941, "energy": 56.44174, "activity_lines": [ 68.904273, 70.448989, 71.769351, 71.537086 ] }, { "date": "2024-04-26", "close": 67.693756, "volume": 1953669, "typical_volume": 1540355.9, "trend": 70.403558, "fair_value": 64.683793, "relative_strength": -10.351711, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.781666, "energy": 59.837348, "activity_lines": [ 68.288163, 69.711761, 71.309378, 71.364944 ] }, { "date": "2024-05-03", "close": 68.272491, "volume": 1186440, "typical_volume": 1451858.25, "trend": 70.504234, "fair_value": 64.708093, "relative_strength": -8.648007, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.200117, "energy": 52.648116, "activity_lines": [ 68.114543, 69.169527, 70.923125, 71.227455 ] }, { "date": "2024-05-10", "close": 70.298058, "volume": 966974, "typical_volume": 1448186.85, "trend": 70.689308, "fair_value": 64.748416, "relative_strength": -9.605887, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.047583, "energy": 33.901913, "activity_lines": [ 68.771648, 69.135329, 70.753639, 71.214154 ] }, { "date": "2024-05-17", "close": 62.99155, "volume": 3642007, "typical_volume": 1609185.25, "trend": 70.739344, "fair_value": 64.739407, "relative_strength": -18.421657, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.781208, "energy": 61.798259, "activity_lines": [ 66.91729, 67.906179, 69.909394, 70.717524 ] }, { "date": "2024-05-24", "close": 60.746044, "volume": 2137147, "typical_volume": 1658917.2, "trend": 70.683182, "fair_value": 64.710687, "relative_strength": -20.968086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.792645, "energy": 82.310083, "activity_lines": [ 64.721955, 66.44369, 68.909682, 70.072795 ] }, { "date": "2024-05-31", "close": 61.586113, "volume": 2516689, "typical_volume": 1706532.25, "trend": 70.585092, "fair_value": 64.685617, "relative_strength": -18.722164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.317595, "energy": 87.755342, "activity_lines": [ 63.250533, 65.319122, 68.052342, 69.485888 ] }, { "date": "2024-06-07", "close": 60.839382, "volume": 1253433, "typical_volume": 1700361.1, "trend": 70.451863, "fair_value": 64.657171, "relative_strength": -19.692438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.701088, "energy": 91.053145, "activity_lines": [ 61.937377, 64.237901, 67.184144, 68.857132 ] }, { "date": "2024-06-14", "close": 60.671368, "volume": 2421982, "typical_volume": 1736381.8, "trend": 70.175584, "fair_value": 64.619586, "relative_strength": -17.205294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.659029, "energy": 89.006968, "activity_lines": [ 61.063756, 63.303697, 66.355666, 68.226132 ] }, { "date": "2024-06-21", "close": 59.999317, "volume": 2554158, "typical_volume": 1782335.45, "trend": 69.825058, "fair_value": 64.564441, "relative_strength": -18.581613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.839956, "energy": 89.113747, "activity_lines": [ 60.607898, 62.401617, 65.520133, 67.569599 ] }, { "date": "2024-06-28", "close": 58.76722, "volume": 1559443, "typical_volume": 1789777.25, "trend": 69.411157, "fair_value": 64.509239, "relative_strength": -20.274999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.280911, "energy": 86.875003, "activity_lines": [ 59.940823, 61.441067, 64.631457, 66.85619 ] }, { "date": "2024-07-05", "close": 59.737965, "volume": 1231964, "typical_volume": 1786800.15, "trend": 69.015749, "fair_value": 64.44016, "relative_strength": -19.718919, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.933205, "energy": 65.295294, "activity_lines": [ 59.729252, 60.814055, 63.895309, 66.232113 ] }, { "date": "2024-07-12", "close": 59.663288, "volume": 1807229, "typical_volume": 1810915.6, "trend": 68.561787, "fair_value": 64.365523, "relative_strength": -20.719082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.141373, "energy": 63.827061, "activity_lines": [ 59.615997, 60.318116, 63.213445, 65.628729 ] }, { "date": "2024-07-19", "close": 60.26067, "volume": 1202475, "typical_volume": 1773788.95, "trend": 68.07951, "fair_value": 64.287094, "relative_strength": -17.182541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.631383, "energy": 59.239077, "activity_lines": [ 59.780277, 60.087324, 62.666072, 65.093173 ] }, { "date": "2024-07-26", "close": 61.399426, "volume": 1051426, "typical_volume": 1707880.25, "trend": 67.617708, "fair_value": 64.215745, "relative_strength": -16.518299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.52881, "energy": 47.269379, "activity_lines": [ 60.351522, 60.246075, 62.309914, 64.6622 ] }, { "date": "2024-08-02", "close": 61.43676, "volume": 1280973, "typical_volume": 1671531.5, "trend": 67.204173, "fair_value": 64.136242, "relative_strength": -12.743702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.656679, "energy": 38.039223, "activity_lines": [ 60.84187, 60.440563, 62.010709, 64.263429 ] }, { "date": "2024-08-09", "close": 59.439274, "volume": 1536698, "typical_volume": 1691844.9, "trend": 66.710793, "fair_value": 64.042278, "relative_strength": -15.594822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.322592, "energy": 37.999032, "activity_lines": [ 60.488421, 60.259312, 61.566479, 63.762467 ] }, { "date": "2024-08-16", "close": 59.028576, "volume": 1908922, "typical_volume": 1733130.75, "trend": 66.26039, "fair_value": 63.952197, "relative_strength": -18.552392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.166154, "energy": 48.158234, "activity_lines": [ 60.017985, 60.042423, 61.140269, 63.266841 ] }, { "date": "2024-08-23", "close": 60.858044, "volume": 1098894, "typical_volume": 1736157.95, "trend": 65.867956, "fair_value": 63.865008, "relative_strength": -17.064893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.653531, "energy": 40.173039, "activity_lines": [ 60.199686, 60.191088, 60.943422, 62.918302 ] }, { "date": "2024-08-30", "close": 62.74353, "volume": 1022337, "typical_volume": 1706120.25, "trend": 65.510037, "fair_value": 63.796642, "relative_strength": -15.342747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.628013, "energy": 30.365745, "activity_lines": [ 60.970057, 60.679175, 60.965672, 62.716726 ] }, { "date": "2024-09-06", "close": 59.999317, "volume": 1136854, "typical_volume": 1673485.7, "trend": 65.130575, "fair_value": 63.707041, "relative_strength": -15.966226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.104404, "energy": 27.749241, "activity_lines": [ 60.736084, 60.618419, 60.756858, 62.361196 ] }, { "date": "2024-09-13", "close": 60.559357, "volume": 935669, "typical_volume": 1622585.7, "trend": 64.728184, "fair_value": 63.634945, "relative_strength": -16.517075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.355074, "energy": 16.720468, "activity_lines": [ 60.78462, 60.637086, 60.636644, 62.066279 ] }, { "date": "2024-09-20", "close": 57.38578, "volume": 2440345, "typical_volume": 1685280.95, "trend": 64.109084, "fair_value": 63.548138, "relative_strength": -20.482742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.195755, "energy": 39.357818, "activity_lines": [ 59.700626, 60.063805, 60.248157, 61.592575 ] }, { "date": "2024-09-27", "close": 63.266235, "volume": 1308383, "typical_volume": 1702351.4, "trend": 63.629933, "fair_value": 63.514045, "relative_strength": -15.27498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.133082, "energy": 12.67245, "activity_lines": [ 60.686302, 60.601108, 60.471556, 61.538198 ] }, { "date": "2024-10-04", "close": 62.015472, "volume": 1210469, "typical_volume": 1580774.5, "trend": 63.276683, "fair_value": 63.458571, "relative_strength": -14.974073, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.868431, "energy": 8.805946, "activity_lines": [ 61.094511, 60.856352, 60.609319, 61.434039 ] }, { "date": "2024-10-11", "close": 60.783382, "volume": 923139, "typical_volume": 1520074.1, "trend": 62.938427, "fair_value": 63.390341, "relative_strength": -17.281634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.240077, "energy": 9.277421, "activity_lines": [ 61.140561, 60.876378, 60.634388, 61.273181 ] }, { "date": "2024-10-18", "close": 59.999317, "volume": 1161412, "typical_volume": 1452310.25, "trend": 62.557156, "fair_value": 63.318189, "relative_strength": -19.073838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.264079, "energy": 13.918519, "activity_lines": [ 60.872985, 60.765728, 60.584606, 61.083561 ] }, { "date": "2024-10-25", "close": 57.516457, "volume": 1316959, "typical_volume": 1455486.55, "trend": 62.120854, "fair_value": 63.232771, "relative_strength": -21.129323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.993914, "energy": 29.452724, "activity_lines": [ 59.815125, 60.193465, 60.305918, 60.758355 ] }, { "date": "2024-11-01", "close": 56.471046, "volume": 1252817, "typical_volume": 1397028.3, "trend": 61.697933, "fair_value": 63.152138, "relative_strength": -21.191745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.937101, "energy": 55.066301, "activity_lines": [ 58.400083, 59.458621, 59.94349, 60.393851 ] }, { "date": "2024-11-08", "close": 56.937748, "volume": 1065440, "typical_volume": 1322592.4, "trend": 61.292378, "fair_value": 63.068532, "relative_strength": -19.841633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.553138, "energy": 62.440484, "activity_lines": [ 57.593621, 58.888395, 59.645512, 60.086742 ] }, { "date": "2024-11-15", "close": 55.612312, "volume": 2791685, "typical_volume": 1384204.5, "trend": 60.899308, "fair_value": 62.98383, "relative_strength": -21.098728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.985451, "energy": 67.741962, "activity_lines": [ 56.683861, 58.182741, 59.23588, 59.720286 ] }, { "date": "2024-11-22", "close": 56.601719, "volume": 1711246, "typical_volume": 1408168.6, "trend": 60.529574, "fair_value": 62.92325, "relative_strength": -19.539685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.498365, "energy": 60.979667, "activity_lines": [ 56.448642, 57.736742, 58.935501, 59.443022 ] }, { "date": "2024-11-29", "close": 56.937748, "volume": 1413604, "typical_volume": 1388487.35, "trend": 60.151749, "fair_value": 62.870345, "relative_strength": -19.704313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.274545, "energy": 44.013719, "activity_lines": [ 56.55194, 57.423797, 58.68206, 59.211292 ] }, { "date": "2024-12-06", "close": 57.1991, "volume": 935201, "typical_volume": 1375123.65, "trend": 59.715117, "fair_value": 62.813595, "relative_strength": -21.724966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.720227, "energy": 35.627697, "activity_lines": [ 56.780935, 57.166516, 58.466487, 59.020798 ] }, { "date": "2024-12-13", "close": 57.012421, "volume": 1011709, "typical_volume": 1373137.8, "trend": 59.515813, "fair_value": 62.759844, "relative_strength": -21.395335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.890398, "energy": 29.5027, "activity_lines": [ 56.899167, 56.985606, 58.247715, 58.846431 ] }, { "date": "2024-12-20", "close": 53.521481, "volume": 1981351, "typical_volume": 1408156.7, "trend": 59.274994, "fair_value": 62.674881, "relative_strength": -23.537331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.588976, "energy": 40.805166, "activity_lines": [ 55.848774, 56.260943, 57.717363, 58.4597 ] }, { "date": "2024-12-27", "close": 54.790913, "volume": 418293, "typical_volume": 1352236.45, "trend": 59.048488, "fair_value": 62.58668, "relative_strength": -21.361706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.642284, "energy": 49.523061, "activity_lines": [ 55.360913, 55.899121, 57.345601, 58.170404 ] }, { "date": "2025-01-03", "close": 53.894844, "volume": 516559, "typical_volume": 1282618.3, "trend": 58.817003, "fair_value": 62.493839, "relative_strength": -21.590147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.243179, "energy": 62.677481, "activity_lines": [ 54.695084, 55.469075, 56.910634, 57.837911 ] }, { "date": "2025-01-10", "close": 52.345394, "volume": 1091575, "typical_volume": 1282252.35, "trend": 58.53947, "fair_value": 62.399901, "relative_strength": -24.2246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.96917, "energy": 73.503442, "activity_lines": [ 53.715631, 54.823159, 56.352546, 57.420388 ] }, { "date": "2025-01-17", "close": 52.476067, "volume": 1474297, "typical_volume": 1304850.35, "trend": 58.288695, "fair_value": 62.315856, "relative_strength": -25.756003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.390947, "energy": 70.834613, "activity_lines": [ 53.103317, 54.276014, 55.84744, 57.0292 ] }, { "date": "2025-01-24", "close": 54.081524, "volume": 1398162, "typical_volume": 1317915.75, "trend": 58.132506, "fair_value": 62.246078, "relative_strength": -24.489052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.838371, "energy": 59.180375, "activity_lines": [ 53.328578, 54.101891, 55.544128, 56.75777 ] }, { "date": "2025-01-31", "close": 56.732399, "volume": 1106683, "typical_volume": 1326466.45, "trend": 58.03232, "fair_value": 62.197711, "relative_strength": -21.232501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.092332, "energy": 35.334154, "activity_lines": [ 54.400128, 54.437578, 55.52146, 56.66744 ] }, { "date": "2025-02-07", "close": 57.404449, "volume": 1013386, "typical_volume": 1255118.5, "trend": 57.957025, "fair_value": 62.137086, "relative_strength": -19.763702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.728447, "energy": 15.413178, "activity_lines": [ 55.566263, 54.893079, 55.58102, 56.626933 ] }, { "date": "2025-02-14", "close": 59.980652, "volume": 1135166, "typical_volume": 1246457.65, "trend": 57.947691, "fair_value": 62.088116, "relative_strength": -18.110769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.595737, "energy": 18.837562, "activity_lines": [ 57.357158, 55.808496, 55.885843, 56.757489 ] }, { "date": "2025-02-21", "close": 59.532616, "volume": 1165270, "typical_volume": 1244197.7, "trend": 57.885464, "fair_value": 62.054386, "relative_strength": -17.070632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.076169, "energy": 35.599843, "activity_lines": [ 58.48969, 56.591878, 56.163643, 56.859742 ] }, { "date": "2025-02-28", "close": 59.56995, "volume": 1880006, "typical_volume": 1292041.05, "trend": 57.823237, "fair_value": 62.059879, "relative_strength": -17.130498, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.170406, "energy": 46.065389, "activity_lines": [ 59.164231, 57.336227, 56.456821, 56.968419 ] }, { "date": "2025-03-07", "close": 62.332829, "volume": 1985472, "typical_volume": 1333244.05, "trend": 57.919689, "fair_value": 62.083966, "relative_strength": -14.304435, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.01516, "energy": 60.094078, "activity_lines": [ 60.393836, 58.472945, 57.018909, 57.25936 ] }, { "date": "2025-03-14", "close": 60.223328, "volume": 1713883, "typical_volume": 1353090.25, "trend": 57.959514, "fair_value": 62.05643, "relative_strength": -16.446563, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.989008, "energy": 48.073521, "activity_lines": [ 60.546913, 59.088991, 57.36898, 57.407982 ] }, { "date": "2025-03-21", "close": 59.345936, "volume": 2415030, "typical_volume": 1411200.9, "trend": 57.909111, "fair_value": 62.023601, "relative_strength": -16.640989, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.067213, "energy": 32.177794, "activity_lines": [ 60.2196, 59.430448, 57.6226, 57.497429 ] }, { "date": "2025-03-28", "close": 57.647133, "volume": 1155878, "typical_volume": 1415722.8, "trend": 57.739231, "fair_value": 61.992693, "relative_strength": -16.832822, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.590981, "energy": 22.758264, "activity_lines": [ 59.368333, 59.33575, 57.700739, 57.480527 ] }, { "date": "2025-04-04", "close": 51.934692, "volume": 1983345, "typical_volume": 1375305.8, "trend": 57.47041, "fair_value": 61.930468, "relative_strength": -17.808277, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.586488, "energy": 19.673778, "activity_lines": [ 56.738619, 58.108406, 57.231458, 57.106041 ] }, { "date": "2025-04-11", "close": 51.019955, "volume": 3576467, "typical_volume": 1468566.85, "trend": 57.15243, "fair_value": 61.852108, "relative_strength": -17.495671, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.11369, "energy": 39.342782, "activity_lines": [ 54.313009, 56.75378, 56.692572, 56.689882 ] }, { "date": "2025-04-18", "close": 51.710678, "volume": 1270067, "typical_volume": 1461390.0, "trend": 56.96326, "fair_value": 61.770446, "relative_strength": -18.959437, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.669287, "energy": 51.776033, "activity_lines": [ 52.871833, 55.628603, 56.246049, 56.338801 ] }, { "date": "2025-04-25", "close": 54.361549, "volume": 2106609, "typical_volume": 1519960.4, "trend": 56.666437, "fair_value": 61.710636, "relative_strength": -18.103723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.71325, "energy": 56.697837, "activity_lines": [ 52.881789, 55.088925, 56.07688, 56.170949 ] }, { "date": "2025-05-02", "close": 55.070934, "volume": 1621034, "typical_volume": 1550426.65, "trend": 56.434952, "fair_value": 61.68254, "relative_strength": -19.337346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.064612, "energy": 51.647791, "activity_lines": [ 53.4605, 54.780392, 55.988784, 56.068013 ] }, { "date": "2025-05-09", "close": 56.415039, "volume": 1111870, "typical_volume": 1506952.6, "trend": 56.289341, "fair_value": 61.650471, "relative_strength": -18.103972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.179155, "energy": 24.895976, "activity_lines": [ 54.658993, 54.797363, 56.037944, 56.066729 ] }, { "date": "2025-05-16", "close": 56.284363, "volume": 2107204, "typical_volume": 1591398.15, "trend": 56.165509, "fair_value": 61.623858, "relative_strength": -18.682107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.394649, "energy": 15.771456, "activity_lines": [ 55.515237, 54.847936, 56.060879, 56.066407 ] }, { "date": "2025-05-23", "close": 54.945892, "volume": 1345360, "typical_volume": 1632838.2, "trend": 56.079824, "fair_value": 61.57199, "relative_strength": -19.662425, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.482165, "energy": 16.747943, "activity_lines": [ 55.574363, 54.765124, 55.949229, 55.987723 ] }, { "date": "2025-05-30", "close": 57.713509, "volume": 1482379, "typical_volume": 1652378.4, "trend": 56.121239, "fair_value": 61.541618, "relative_strength": -16.396047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.457676, "energy": 14.351318, "activity_lines": [ 56.340348, 55.281468, 56.096156, 56.093122 ] }, { "date": "2025-06-06", "close": 59.029579, "volume": 1297422, "typical_volume": 1643534.65, "trend": 56.190967, "fair_value": 61.533735, "relative_strength": -15.087291, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.696178, "energy": 23.250382, "activity_lines": [ 57.321558, 56.066778, 56.342862, 56.280756 ] }, { "date": "2025-06-13", "close": 58.061882, "volume": 1205269, "typical_volume": 1633890.0, "trend": 56.272619, "fair_value": 61.524158, "relative_strength": -13.153574, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.935875, "energy": 34.934284, "activity_lines": [ 57.716293, 56.651008, 56.466198, 56.401461 ] }, { "date": "2025-06-20", "close": 55.720055, "volume": 1811185, "typical_volume": 1669115.1, "trend": 56.24323, "fair_value": 61.538581, "relative_strength": -15.541111, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.243275, "energy": 23.864966, "activity_lines": [ 57.22063, 56.698047, 56.347549, 56.365811 ] }, { "date": "2025-06-27", "close": 56.087776, "volume": 1604722, "typical_volume": 1698681.9, "trend": 56.214898, "fair_value": 61.548934, "relative_strength": -16.895812, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.350494, "energy": 18.523925, "activity_lines": [ 56.885161, 56.726488, 56.268742, 56.355782 ] }, { "date": "2025-07-04", "close": 53.978195, "volume": 1986156, "typical_volume": 1741231.4, "trend": 56.107534, "fair_value": 61.541593, "relative_strength": -18.658125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.10759, "energy": 11.579032, "activity_lines": [ 55.770372, 56.291786, 55.995292, 56.211479 ] }, { "date": "2025-07-11", "close": 54.771706, "volume": 1287889, "typical_volume": 1747362.35, "trend": 56.032844, "fair_value": 61.547005, "relative_strength": -18.535403, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.440683, "energy": 17.986718, "activity_lines": [ 55.169109, 56.008329, 55.825998, 56.125296 ] }, { "date": "2025-07-18", "close": 53.939491, "volume": 1348831, "typical_volume": 1720803.6, "trend": 56.046778, "fair_value": 61.519572, "relative_strength": -19.272634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.87174, "energy": 45.55869, "activity_lines": [ 54.574298, 55.579, 55.600116, 55.990241 ] }, { "date": "2025-07-25", "close": 55.236206, "volume": 1022633, "typical_volume": 1672661.65, "trend": 56.061621, "fair_value": 61.488274, "relative_strength": -16.471293, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.55892, "energy": 44.374708, "activity_lines": [ 54.686552, 55.430447, 55.524543, 55.937946 ] }, { "date": "2025-08-01", "close": 51.771847, "volume": 1380127, "typical_volume": 1655973.85, "trend": 55.990854, "fair_value": 61.436121, "relative_strength": -18.335204, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.807489, "energy": 58.305104, "activity_lines": [ 53.676276, 54.671069, 55.152824, 55.661187 ] }, { "date": "2025-08-08", "close": 54.171734, "volume": 1302137, "typical_volume": 1600329.2, "trend": 56.051732, "fair_value": 61.387627, "relative_strength": -16.495807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.108893, "energy": 44.568121, "activity_lines": [ 53.753691, 54.405743, 55.049911, 55.543824 ] }, { "date": "2025-08-15", "close": 52.816959, "volume": 1085827, "typical_volume": 1596826.65, "trend": 56.063095, "fair_value": 61.332928, "relative_strength": -18.626727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.569655, "energy": 43.772001, "activity_lines": [ 53.366612, 53.958491, 54.842611, 55.335129 ] }, { "date": "2025-08-22", "close": 53.358868, "volume": 986283, "typical_volume": 1546973.55, "trend": 56.039007, "fair_value": 61.298955, "relative_strength": -17.161325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.410816, "energy": 43.887326, "activity_lines": [ 53.290485, 53.722724, 54.709922, 55.160663 ] }, { "date": "2025-08-29", "close": 51.171875, "volume": 1372690, "typical_volume": 1436784.7, "trend": 55.853656, "fair_value": 61.250059, "relative_strength": -18.325151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.009566, "energy": 48.328504, "activity_lines": [ 52.524069, 53.174831, 54.362166, 54.846654 ] }, { "date": "2025-09-05", "close": 50.126759, "volume": 925634, "typical_volume": 1419563.05, "trend": 55.611066, "fair_value": 61.188715, "relative_strength": -18.266347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.412124, "energy": 64.481943, "activity_lines": [ 51.680237, 52.519612, 53.914152, 54.477177 ] }, { "date": "2025-09-12", "close": 48.926815, "volume": 1496100, "typical_volume": 1389037.6, "trend": 55.242605, "fair_value": 61.139183, "relative_strength": -19.867403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.876931, "energy": 72.435493, "activity_lines": [ 50.546095, 51.754603, 53.3594, 54.045935 ] }, { "date": "2025-09-19", "close": 49.449368, "volume": 2653564, "typical_volume": 1440664.1, "trend": 54.906497, "fair_value": 61.104164, "relative_strength": -18.21596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.759178, "energy": 74.884005, "activity_lines": [ 49.9358, 51.176447, 52.880295, 53.672178 ] }, { "date": "2025-09-26", "close": 49.159061, "volume": 2058560, "typical_volume": 1487998.6, "trend": 54.559467, "fair_value": 61.067622, "relative_strength": -18.315282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.297041, "energy": 74.11369, "activity_lines": [ 49.453241, 50.642278, 52.40031, 53.301375 ] }, { "date": "2025-10-03", "close": 51.558949, "volume": 1196212, "typical_volume": 1442449.0, "trend": 54.200338, "fair_value": 61.048493, "relative_strength": -15.853983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.647172, "energy": 52.240661, "activity_lines": [ 50.050632, 50.631369, 52.183439, 53.107794 ] }, { "date": "2025-10-10", "close": 47.378494, "volume": 1512229, "typical_volume": 1450792.45, "trend": 53.772177, "fair_value": 61.036392, "relative_strength": -21.528293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.691204, "energy": 53.142076, "activity_lines": [ 49.228733, 49.927236, 51.590931, 52.667675 ] }, { "date": "2025-10-17", "close": 48.172009, "volume": 1855470, "typical_volume": 1469447.0, "trend": 53.399712, "fair_value": 61.014043, "relative_strength": -18.188587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.65635, "energy": 49.768796, "activity_lines": [ 48.854557, 49.447258, 51.110032, 52.306373 ] }, { "date": "2025-10-24", "close": 48.752628, "volume": 1253515, "typical_volume": 1467251.65, "trend": 53.103229, "fair_value": 60.981886, "relative_strength": -17.996821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.588382, "energy": 45.699921, "activity_lines": [ 48.724241, 49.181933, 50.729865, 52.006562 ] }, { "date": "2025-10-31", "close": 46.594662, "volume": 1223138, "typical_volume": 1468145.1, "trend": 52.925228, "fair_value": 60.926876, "relative_strength": -20.086372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.551371, "energy": 72.645531, "activity_lines": [ 47.921052, 48.598147, 50.193115, 51.586654 ] }, { "date": "2025-11-07", "close": 44.765709, "volume": 1455202, "typical_volume": 1450345.95, "trend": 52.716753, "fair_value": 60.828008, "relative_strength": -21.296573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.108324, "energy": 81.569234, "activity_lines": [ 46.679173, 47.804811, 49.536785, 51.060233 ] }, { "date": "2025-11-14", "close": 47.581711, "volume": 1305784, "typical_volume": 1435399.05, "trend": 52.579121, "fair_value": 60.762639, "relative_strength": -16.821979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.141482, "energy": 62.54455, "activity_lines": [ 46.828843, 47.63995, 49.200809, 50.72894 ] }, { "date": "2025-11-21", "close": 47.233341, "volume": 1326788, "typical_volume": 1402430.65, "trend": 52.341514, "fair_value": 60.679702, "relative_strength": -14.015191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.059344, "energy": 54.404574, "activity_lines": [ 46.848842, 47.458023, 48.872161, 50.384051 ] }, { "date": "2025-11-28", "close": 47.852669, "volume": 1916724, "typical_volume": 1433872.4, "trend": 52.100905, "fair_value": 60.645046, "relative_strength": -14.996049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.185585, "energy": 43.477766, "activity_lines": [ 47.137861, 47.419491, 48.634614, 50.094448 ] }, { "date": "2025-12-05", "close": 47.939762, "volume": 1456568, "typical_volume": 1439259.25, "trend": 51.818396, "fair_value": 60.614443, "relative_strength": -14.958016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.07031, "energy": 28.743673, "activity_lines": [ 47.515909, 47.425825, 48.43831, 49.825988 ] }, { "date": "2025-12-12", "close": 48.888103, "volume": 1846612, "typical_volume": 1480458.2, "trend": 51.571854, "fair_value": 60.610327, "relative_strength": -13.294389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.49545, "energy": 21.674794, "activity_lines": [ 48.120398, 47.626754, 48.360894, 49.636936 ] }, { "date": "2025-12-19", "close": 48.104267, "volume": 1629679, "typical_volume": 1492935.8, "trend": 51.3438, "fair_value": 60.585514, "relative_strength": -14.541272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.701197, "energy": 17.222012, "activity_lines": [ 48.188781, 47.733728, 48.239056, 49.413221 ] }, { "date": "2025-12-26", "close": 47.272049, "volume": 368973, "typical_volume": 1446277.6, "trend": 50.995751, "fair_value": 60.551872, "relative_strength": -15.638274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.188206, "energy": 19.852997, "activity_lines": [ 47.944921, 47.676194, 48.055423, 49.150528 ] }, { "date": "2026-01-02", "close": 47.988148, "volume": 570719, "typical_volume": 1420522.2, "trend": 50.627703, "fair_value": 60.491137, "relative_strength": -14.518894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.765594, "energy": 18.124284, "activity_lines": [ 47.93718, 47.765223, 47.972847, 48.956489 ] }, { "date": "2026-01-09", "close": 48.336517, "volume": 1210436, "typical_volume": 1431729.85, "trend": 50.303524, "fair_value": 60.426547, "relative_strength": -15.882212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.160106, "energy": 18.568549, "activity_lines": [ 48.036531, 47.931491, 47.946442, 48.80867 ] }, { "date": "2026-01-16", "close": 48.694565, "volume": 1601608, "typical_volume": 1443175.75, "trend": 50.069341, "fair_value": 60.359742, "relative_strength": -14.957045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.478679, "energy": 12.13539, "activity_lines": [ 48.22878, 48.131189, 47.978054, 48.704866 ] }, { "date": "2026-01-23", "close": 48.868752, "volume": 1159793, "typical_volume": 1454883.7, "trend": 49.828707, "fair_value": 60.278382, "relative_strength": -12.875708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.14276, "energy": 9.117468, "activity_lines": [ 48.491994, 48.291123, 48.038051, 48.627409 ] }, { "date": "2026-01-30", "close": 49.739681, "volume": 1350459, "typical_volume": 1447601.65, "trend": 49.687424, "fair_value": 60.197305, "relative_strength": -9.564634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.722351, "energy": 9.782056, "activity_lines": [ 48.994553, 48.586008, 48.186985, 48.621665 ] }, { "date": "2026-02-06", "close": 53.765305, "volume": 2536027, "typical_volume": 1441724.8, "trend": 49.653877, "fair_value": 60.149475, "relative_strength": -2.583146, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.028517, "energy": 45.7703, "activity_lines": [ 50.674477, 49.567254, 48.71544, 48.884755 ] }, { "date": "2026-02-13", "close": 56.339382, "volume": 2114042, "typical_volume": 1444498.9, "trend": 49.733873, "fair_value": 60.099542, "relative_strength": 1.641114, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 59.323697, "energy": 71.84766, "activity_lines": [ 52.827283, 50.909011, 49.468494, 49.316077 ] }, { "date": "2026-02-20", "close": 52.313759, "volume": 1767804, "typical_volume": 1473078.5, "trend": 49.636458, "fair_value": 60.031921, "relative_strength": -6.428034, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.656655, "energy": 63.580026, "activity_lines": [ 53.10469, 51.366117, 49.803963, 49.482522 ] }, { "date": "2026-02-27", "close": 50.610607, "volume": 1585978, "typical_volume": 1476765.95, "trend": 49.59775, "fair_value": 59.948084, "relative_strength": -9.053161, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.845182, "energy": 57.567689, "activity_lines": [ 52.573101, 51.451274, 49.973632, 49.54537 ] }, { "date": "2026-03-06", "close": 43.585121, "volume": 2566395, "typical_volume": 1512312.2, "trend": 49.244863, "fair_value": 59.833982, "relative_strength": -15.41968, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -19.733111, "energy": 10.960002, "activity_lines": [ 49.583559, 50.213501, 49.458817, 49.157458 ] }, { "date": "2026-03-13", "close": 47.610744, "volume": 3183037, "typical_volume": 1608788.3, "trend": 49.071323, "fair_value": 59.766318, "relative_strength": -6.556397, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.317215, "energy": 19.25604, "activity_lines": [ 48.346195, 49.774693, 49.349237, 49.052031 ] }, { "date": "2026-03-20", "close": 46.914001, "volume": 3103004, "typical_volume": 1702781.6, "trend": 48.856494, "fair_value": 59.685393, "relative_strength": -3.108113, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.780536, "energy": 23.56691, "activity_lines": [ 47.286888, 49.216068, 49.178738, 48.912849 ] }, { "date": "2026-03-27", "close": 54.4814, "volume": 3356606, "typical_volume": 1797851.8, "trend": 48.966811, "fair_value": 59.644521, "relative_strength": 13.045774, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.675459, "energy": 24.93869, "activity_lines": [ 49.378406, 50.059196, 49.727422, 49.275747 ] }, { "date": "2026-04-03", "close": 54.984604, "volume": 2417512, "typical_volume": 1853438.2, "trend": 49.128739, "fair_value": 59.615218, "relative_strength": 9.958419, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.793767, "energy": 35.727749, "activity_lines": [ 51.493149, 50.888602, 50.277766, 49.663991 ] }, { "date": "2026-04-10", "close": 56.590981, "volume": 1724191, "typical_volume": 1873308.35, "trend": 49.384212, "fair_value": 59.583585, "relative_strength": 10.272315, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.313236, "energy": 59.945604, "activity_lines": [ 53.851751, 51.898878, 50.945846, 50.145426 ] }, { "date": "2026-04-17", "close": 57.365139, "volume": 2320528, "typical_volume": 1893498.55, "trend": 49.648071, "fair_value": 59.536845, "relative_strength": 7.827751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.318678, "energy": 69.777541, "activity_lines": [ 55.601349, 52.925341, 51.643096, 50.660325 ] }, { "date": "2026-04-24", "close": 57.907051, "volume": 1190448, "typical_volume": 1880192.55, "trend": 49.93967, "fair_value": 59.492113, "relative_strength": 11.476302, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.098843, "energy": 73.808175, "activity_lines": [ 56.881291, 53.984883, 52.346658, 51.193162 ] }, { "date": "2026-05-01", "close": 60.074696, "volume": 937358, "typical_volume": 1834729.85, "trend": 50.223529, "fair_value": 59.456089, "relative_strength": 14.78151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.991755, "energy": 77.555736, "activity_lines": [ 58.150911, 55.410038, 53.2092, 51.847035 ] }, { "date": "2026-05-08", "close": 58.932812, "volume": 1772209, "typical_volume": 1841856.35, "trend": 50.608672, "fair_value": 59.404064, "relative_strength": 12.365083, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.904719, "energy": 72.884151, "activity_lines": [ 58.667017, 56.486471, 53.909721, 52.408924 ] }, { "date": "2026-05-15", "close": 59.41666, "volume": 2081184, "typical_volume": 1927466.9, "trend": 50.983494, "fair_value": 59.355592, "relative_strength": 15.007526, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.282436, "energy": 68.331917, "activity_lines": [ 59.081192, 57.499562, 54.604759, 52.977181 ] }, { "date": "2026-05-22", "close": 57.5, "volume": 1780879, "typical_volume": 1987974.9, "trend": 51.275073, "fair_value": 59.303515, "relative_strength": 7.117405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.537853, "energy": 51.372649, "activity_lines": [ 58.668101, 57.876324, 55.059426, 53.397601 ] }, { "date": "2026-05-29", "close": 56.540001, "volume": 1902766, "typical_volume": 2022591.4, "trend": 51.606585, "fair_value": 59.240436, "relative_strength": 4.564657, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.797427, "energy": 40.579678, "activity_lines": [ 57.92602, 57.898737, 55.37737, 53.737274 ] }, { "date": "2026-06-05", "close": 56.799999, "volume": 224821, "typical_volume": 1953752.05, "trend": 52.007728, "fair_value": 59.195598, "relative_strength": 6.640182, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.091693, "energy": 32.33485, "activity_lines": [ 57.361742, 57.793403, 55.681011, 54.072333 ] }, { "date": "2026-06-12", "close": 56.099998, "volume": 290271, "typical_volume": 1910275.95, "trend": 52.29167, "fair_value": 59.137625, "relative_strength": 6.036834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.564884, "energy": 23.459002, "activity_lines": [ 56.782443, 57.51864, 55.879389, 54.33635 ] }, { "date": "2026-06-19", "close": 53.900002, "volume": 855263, "typical_volume": 1885516.15, "trend": 52.513892, "fair_value": 59.077028, "relative_strength": 0.655729, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.282214, "energy": 20.997373, "activity_lines": [ 55.658667, 56.823598, 55.833808, 54.440114 ] }, { "date": "2026-06-26", "close": 54.18, "volume": 277431, "typical_volume": 1772586.35, "trend": 52.724804, "fair_value": 59.010457, "relative_strength": 2.595557, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.369872, "energy": 22.090948, "activity_lines": [ 54.996, 56.228391, 55.795083, 54.547604 ] }, { "date": "2026-07-03", "close": 56.200001, "volume": 233548, "typical_volume": 1678561.65, "trend": 53.000145, "fair_value": 58.970863, "relative_strength": 1.927924, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.022157, "energy": 21.76916, "activity_lines": [ 55.228, 56.058369, 55.946765, 54.771811 ] }, { "date": "2026-07-10", "close": 56.220001, "volume": 977592, "typical_volume": 1639051.05, "trend": 53.244541, "fair_value": 58.930007, "relative_strength": 4.875739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.444967, "energy": 16.54121, "activity_lines": [ 55.489334, 55.923021, 56.101014, 54.979543 ] }, { "date": "2026-07-17", "close": 59.540001, "volume": 1336190, "typical_volume": 1626561.65, "trend": 53.625733, "fair_value": 58.914605, "relative_strength": 11.946854, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.414651, "energy": 33.691742, "activity_lines": [ 56.896001, 56.461394, 56.552853, 55.385702 ] }, { "date": "2026-07-24", "close": 59.060001, "volume": 1129030, "typical_volume": 1554693.4, "trend": 54.018664, "fair_value": 58.882099, "relative_strength": 9.787363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.275318, "energy": 52.113605, "activity_lines": [ 57.913334, 56.901455, 56.916457, 55.7363 ] }, { "date": "2026-07-31", "close": 61.14, "volume": 1408318, "typical_volume": 1465957.45, "trend": 54.457059, "fair_value": 58.882635, "relative_strength": 11.127501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.951343, "energy": 74.23013, "activity_lines": [ 59.280001, 57.726182, 57.404466, 56.195741 ] }, { "date": "2026-08-07", "close": 64.080002, "volume": 1242973, "typical_volume": 1372955.9, "trend": 54.981842, "fair_value": 58.883352, "relative_strength": 13.221334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.954909, "energy": 85.77955, "activity_lines": [ 61.162668, 59.019274, 58.108051, 56.816576 ] } ], "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." } } }