{ "ticker": { "uuid": "e2c4a4e1-3ae1-42ea-8804-2647c7e6c500", "symbol": "BA", "name": "Bangkok Airways Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late 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": 79.139, "architecture_energy": 67.83, "architecture_maturity": 66.218, "architecture_confidence": 86.446, "architecture_tenure": "Developing", "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": 8.05, "rotation_up": 62.7, "upward_expansion": 85.33, "deceleration": 68.12, "rotation_down": 23.07, "downward_expansion": 12.0 }, "activity_lines": [ 19.000001, 18.641818, 17.262381, 16.464615 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 19.700001, "trend_reference": 15.710972, "distance_from_trend": 0.253901, "trend_direction": "Improving", "fair_value": 15.356093, "distance_from_fair_value": 0.282879, "fair_value_direction": "Improving", "relative_strength": 16.417433, "relative_strength_direction": "Improving", "price_momentum": 0.327344, "excess_performance": 0.135019, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.253901, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.101374, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.282879, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.331136, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.164174, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.256587, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.327344, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.471015, "read": "Demand-led" } ], "volume": { "latest": 45217400, "relative_activity": 1.385029, "balance": 2.471015, "dry_up": 1.40612, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.056619, "annualized_volatility": 0.464786, "from_high_reference": -0.00505, "from_low_reference": 0.725548 }, "levels": { "trend_reference": 15.710972, "fair_value_reference": 15.356093, "structural_low": 11.416666, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.030722, "positive_rate": 0.6875, "directional_follow_through": 0.6875, "median_excess_return": 0.01651, "regime_survival": 0.75, "best_return": 0.206522, "worst_return": -0.224891, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.015176, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": 0.024749, "regime_survival": 0.5, "best_return": 0.426752, "worst_return": -0.2125, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.050569, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.093657, "regime_survival": 0.166667, "best_return": 0.433473, "worst_return": -0.192308, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.093346, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.128628, "regime_survival": 0.5, "best_return": 0.617525, "worst_return": -0.380524, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-19", "end": "2024-01-26", "tenure": "New", "return": -0.026667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-02", "end": "2024-02-16", "tenure": "New", "return": 0.046053, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-23", "end": "2024-03-01", "tenure": "New", "return": 0.00625, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-08-02", "tenure": "Established", "return": 0.273885, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.120603, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-12-06", "tenure": "Established", "return": 0.114155, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-01-10", "tenure": "Developing", "return": -0.111111, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": -0.046632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-14", "end": "2025-08-08", "tenure": "Established", "return": -0.210058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-11-28", "tenure": "Established", "return": 0.015084, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-03-27", "tenure": "Established", "return": -0.036496, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-15", "tenure": "Developing", "return": 0.014706, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": 0.152778, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.172619, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 13.19464, "volume": 15056500, "typical_volume": 14602370.0, "trend": 11.50551, "fair_value": 8.499511, "relative_strength": 25.821365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.724307, "energy": 61.811511, "activity_lines": [ 12.687361, 12.401342, 12.167747, 11.838357 ] }, { "date": "2023-08-25", "close": 13.356538, "volume": 20099100, "typical_volume": 15263125.0, "trend": 11.567571, "fair_value": 8.555812, "relative_strength": 22.883804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.837872, "energy": 72.159149, "activity_lines": [ 13.00576, 12.57943, 12.314612, 11.957778 ] }, { "date": "2023-09-01", "close": 13.923179, "volume": 24613000, "typical_volume": 16313515.0, "trend": 11.643123, "fair_value": 8.616004, "relative_strength": 26.824676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.219952, "energy": 82.042966, "activity_lines": [ 13.394314, 12.856127, 12.503492, 12.109753 ] }, { "date": "2023-09-08", "close": 13.19464, "volume": 23132700, "typical_volume": 17228930.0, "trend": 11.699787, "fair_value": 8.673083, "relative_strength": 20.283249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.565307, "energy": 72.175153, "activity_lines": [ 13.405107, 12.975343, 12.606413, 12.209851 ] }, { "date": "2023-09-15", "close": 13.599383, "volume": 14148200, "typical_volume": 17142020.0, "trend": 11.778037, "fair_value": 8.732757, "relative_strength": 23.181377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.239405, "energy": 66.722547, "activity_lines": [ 13.496849, 13.154902, 12.734774, 12.332405 ] }, { "date": "2023-09-22", "close": 12.789897, "volume": 17240800, "typical_volume": 17690170.0, "trend": 11.842796, "fair_value": 8.787242, "relative_strength": 16.546753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.306263, "energy": 43.17014, "activity_lines": [ 13.275589, 13.159317, 12.77255, 12.397687 ] }, { "date": "2023-09-29", "close": 12.627998, "volume": 19115400, "typical_volume": 17522070.0, "trend": 11.921047, "fair_value": 8.840429, "relative_strength": 18.308458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.325876, "energy": 25.60417, "activity_lines": [ 13.027346, 13.112219, 12.787198, 12.448345 ] }, { "date": "2023-10-06", "close": 11.656614, "volume": 43074600, "typical_volume": 18888470.0, "trend": 11.958823, "fair_value": 8.887131, "relative_strength": 11.226092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.544603, "energy": 13.590334, "activity_lines": [ 12.503877, 12.869373, 12.704707, 12.431285 ] }, { "date": "2023-10-13", "close": 12.142306, "volume": 19961300, "typical_volume": 19163275.0, "trend": 12.028978, "fair_value": 8.937464, "relative_strength": 14.231155, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.12453, "energy": 22.31372, "activity_lines": [ 12.29341, 12.71925, 12.66616, 12.443122 ] }, { "date": "2023-10-20", "close": 11.009024, "volume": 20454700, "typical_volume": 18838915.0, "trend": 12.050565, "fair_value": 8.981571, "relative_strength": 6.978801, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.213172, "energy": 36.57372, "activity_lines": [ 11.775339, 12.367491, 12.516212, 12.377319 ] }, { "date": "2023-10-27", "close": 10.847127, "volume": 25443500, "typical_volume": 18820905.0, "trend": 12.047866, "fair_value": 9.025262, "relative_strength": 5.98412, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.751953, "energy": 53.783803, "activity_lines": [ 11.375992, 12.021619, 12.355857, 12.299678 ] }, { "date": "2023-11-03", "close": 11.89946, "volume": 36029100, "typical_volume": 19525245.0, "trend": 12.082944, "fair_value": 9.074298, "relative_strength": 13.20809, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.685454, "energy": 45.411778, "activity_lines": [ 11.45694, 11.909763, 12.303818, 12.290103 ] }, { "date": "2023-11-10", "close": 12.061357, "volume": 23755400, "typical_volume": 20049150.0, "trend": 12.13691, "fair_value": 9.124113, "relative_strength": 16.648712, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.055683, "energy": 38.679781, "activity_lines": [ 11.640424, 11.853834, 12.272981, 12.28871 ] }, { "date": "2023-11-17", "close": 12.385153, "volume": 22687400, "typical_volume": 20648620.0, "trend": 12.201669, "fair_value": 9.173409, "relative_strength": 16.79552, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.883118, "energy": 12.401783, "activity_lines": [ 11.904857, 11.890629, 12.275294, 12.304726 ] }, { "date": "2023-11-24", "close": 12.387906, "volume": 20883300, "typical_volume": 20716965.0, "trend": 12.255726, "fair_value": 9.221944, "relative_strength": 17.623976, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.351513, "energy": 8.906113, "activity_lines": [ 12.154017, 11.942643, 12.278254, 12.316741 ] }, { "date": "2023-12-01", "close": 11.885693, "volume": 17880300, "typical_volume": 20651080.0, "trend": 12.279552, "fair_value": 9.266481, "relative_strength": 13.674088, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.92851, "energy": 9.740654, "activity_lines": [ 12.143848, 11.925372, 12.23183, 12.292868 ] }, { "date": "2023-12-08", "close": 12.220502, "volume": 5968700, "typical_volume": 20607160.0, "trend": 12.298348, "fair_value": 9.310051, "relative_strength": 16.106617, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.646576, "energy": 17.607743, "activity_lines": [ 12.176044, 11.985415, 12.215816, 12.289059 ] }, { "date": "2023-12-15", "close": 12.1368, "volume": 4542400, "typical_volume": 20127135.0, "trend": 12.330544, "fair_value": 9.35049, "relative_strength": 13.839914, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.2578, "energy": 14.528204, "activity_lines": [ 12.158937, 12.037649, 12.188759, 12.278636 ] }, { "date": "2023-12-22", "close": 12.304204, "volume": 6786400, "typical_volume": 20074365.0, "trend": 12.360225, "fair_value": 9.394337, "relative_strength": 13.570992, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.877632, "energy": 11.107505, "activity_lines": [ 12.192601, 12.111589, 12.176516, 12.276937 ] }, { "date": "2023-12-29", "close": 13.141225, "volume": 16537300, "typical_volume": 19870505.0, "trend": 12.396221, "fair_value": 9.445366, "relative_strength": 19.54591, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.519427, "energy": 19.057828, "activity_lines": [ 12.510669, 12.334771, 12.244375, 12.327324 ] }, { "date": "2024-01-05", "close": 12.722713, "volume": 11346500, "typical_volume": 19685005.0, "trend": 12.402076, "fair_value": 9.491377, "relative_strength": 14.19312, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.831255, "energy": 23.734276, "activity_lines": [ 12.639012, 12.443093, 12.271473, 12.348388 ] }, { "date": "2024-01-12", "close": 12.722713, "volume": 15237200, "typical_volume": 19441910.0, "trend": 12.389044, "fair_value": 9.537129, "relative_strength": 14.651663, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.1099, "energy": 31.588029, "activity_lines": [ 12.711553, 12.517313, 12.300818, 12.369074 ] }, { "date": "2024-01-19", "close": 12.55531, "volume": 6823000, "typical_volume": 18552410.0, "trend": 12.389319, "fair_value": 9.583105, "relative_strength": 15.013169, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.457842, "energy": 34.984314, "activity_lines": [ 12.694813, 12.546129, 12.317239, 12.379801 ] }, { "date": "2024-01-26", "close": 12.220502, "volume": 6394000, "typical_volume": 17715475.0, "trend": 12.381133, "fair_value": 9.626675, "relative_strength": 12.546788, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 7.18952, "energy": 9.660383, "activity_lines": [ 12.538569, 12.505089, 12.308287, 12.368909 ] }, { "date": "2024-02-02", "close": 12.722713, "volume": 9974400, "typical_volume": 17506785.0, "trend": 12.403178, "fair_value": 9.673464, "relative_strength": 15.18479, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.168928, "energy": 7.237304, "activity_lines": [ 12.555309, 12.558353, 12.351803, 12.390947 ] }, { "date": "2024-02-09", "close": 13.224927, "volume": 16912500, "typical_volume": 17490370.0, "trend": 12.458153, "fair_value": 9.721916, "relative_strength": 18.612739, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 39.31912, "energy": 23.923083, "activity_lines": [ 12.767355, 12.696842, 12.447323, 12.443963 ] }, { "date": "2024-02-16", "close": 13.308628, "volume": 18132700, "typical_volume": 17441235.0, "trend": 12.515919, "fair_value": 9.770645, "relative_strength": 18.751474, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.715175, "energy": 42.871085, "activity_lines": [ 12.97382, 12.8262, 12.548744, 12.498832 ] }, { "date": "2024-02-23", "close": 13.39233, "volume": 28736800, "typical_volume": 16724345.0, "trend": 12.565681, "fair_value": 9.816798, "relative_strength": 17.660846, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.387666, "energy": 56.146703, "activity_lines": [ 13.169125, 12.950992, 12.654895, 12.555375 ] }, { "date": "2024-03-01", "close": 13.476033, "volume": 14342500, "typical_volume": 16443405.0, "trend": 12.602044, "fair_value": 9.86167, "relative_strength": 20.075435, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.672779, "energy": 71.017245, "activity_lines": [ 13.336529, 13.068175, 12.760752, 12.614107 ] }, { "date": "2024-03-08", "close": 13.567887, "volume": 20644300, "typical_volume": 16452885.0, "trend": 12.62258, "fair_value": 9.905575, "relative_strength": 18.347598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.150063, "energy": 70.353615, "activity_lines": [ 13.450849, 13.180753, 12.869007, 12.67642 ] }, { "date": "2024-03-15", "close": 14.086405, "volume": 8290400, "typical_volume": 15595230.0, "trend": 12.652306, "fair_value": 9.951766, "relative_strength": 21.843283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.791094, "energy": 75.539653, "activity_lines": [ 13.681664, 13.379849, 13.014459, 12.77086 ] }, { "date": "2024-03-22", "close": 13.740726, "volume": 5244800, "typical_volume": 14056015.0, "trend": 12.665112, "fair_value": 9.995481, "relative_strength": 18.344826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.411196, "energy": 66.541765, "activity_lines": [ 13.73982, 13.4913, 13.111564, 12.841081 ] }, { "date": "2024-03-29", "close": 13.654307, "volume": 7092000, "typical_volume": 13222845.0, "trend": 12.656149, "fair_value": 10.039421, "relative_strength": 17.030404, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.676964, "energy": 58.742035, "activity_lines": [ 13.740364, 13.568529, 13.19167, 12.9049 ] }, { "date": "2024-04-05", "close": 14.604922, "volume": 26775700, "typical_volume": 13427260.0, "trend": 12.703159, "fair_value": 10.092049, "relative_strength": 24.336893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.222099, "energy": 73.07875, "activity_lines": [ 14.040314, 13.798616, 13.354726, 13.030627 ] }, { "date": "2024-04-12", "close": 14.777764, "volume": 11821600, "typical_volume": 12974175.0, "trend": 12.742438, "fair_value": 10.14812, "relative_strength": 22.820651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.569801, "energy": 77.487336, "activity_lines": [ 14.322619, 14.016775, 13.523673, 13.164473 ] }, { "date": "2024-04-19", "close": 14.777764, "volume": 3193400, "typical_volume": 12239830.0, "trend": 12.8087, "fair_value": 10.202894, "relative_strength": 27.499229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.094749, "energy": 80.205019, "activity_lines": [ 14.524265, 14.19757, 13.68124, 13.295784 ] }, { "date": "2024-04-26", "close": 14.518503, "volume": 7385800, "typical_volume": 12310685.0, "trend": 12.871717, "fair_value": 10.257822, "relative_strength": 21.718334, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.748351, "energy": 76.360743, "activity_lines": [ 14.593401, 14.302993, 13.800343, 13.406094 ] }, { "date": "2024-05-03", "close": 14.777764, "volume": 10264400, "typical_volume": 12596785.0, "trend": 12.975756, "fair_value": 10.315191, "relative_strength": 22.052221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.179437, "energy": 70.690009, "activity_lines": [ 14.697105, 14.433557, 13.933195, 13.529065 ] }, { "date": "2024-05-10", "close": 14.518503, "volume": 6115100, "typical_volume": 12563220.0, "trend": 13.054962, "fair_value": 10.373232, "relative_strength": 18.93126, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.36212, "energy": 53.353212, "activity_lines": [ 14.639491, 14.491792, 14.028779, 13.628597 ] }, { "date": "2024-05-17", "close": 16.160477, "volume": 24371300, "typical_volume": 12954920.0, "trend": 13.226677, "fair_value": 10.439723, "relative_strength": 30.136481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.748254, "energy": 65.29857, "activity_lines": [ 15.134964, 14.829615, 14.270198, 13.828952 ] }, { "date": "2024-05-24", "close": 16.765413, "volume": 14902400, "typical_volume": 13132715.0, "trend": 13.423953, "fair_value": 10.509314, "relative_strength": 35.407944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.81035, "energy": 87.868847, "activity_lines": [ 15.739901, 15.230287, 14.554852, 14.057258 ] }, { "date": "2024-05-31", "close": 17.283932, "volume": 25742900, "typical_volume": 13658000.0, "trend": 13.603436, "fair_value": 10.580931, "relative_strength": 40.073627, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.946881, "energy": 94.238176, "activity_lines": [ 16.385168, 15.676527, 14.869638, 14.306289 ] }, { "date": "2024-06-07", "close": 19.358006, "volume": 41842100, "typical_volume": 15408955.0, "trend": 13.846657, "fair_value": 10.660655, "relative_strength": 56.287044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.624742, "energy": 98.507169, "activity_lines": [ 17.53743, 16.435449, 15.360235, 14.677551 ] }, { "date": "2024-06-14", "close": 17.716032, "volume": 48835900, "typical_volume": 17531050.0, "trend": 14.024353, "fair_value": 10.721291, "relative_strength": 44.358215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.010353, "energy": 87.870193, "activity_lines": [ 17.837019, 16.792126, 15.662059, 14.927188 ] }, { "date": "2024-06-21", "close": 18.320971, "volume": 24454300, "typical_volume": 18255045.0, "trend": 14.222122, "fair_value": 10.789438, "relative_strength": 47.585393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.117638, "energy": 88.406445, "activity_lines": [ 18.125085, 17.202227, 15.995328, 15.20439 ] }, { "date": "2024-06-28", "close": 18.148129, "volume": 7116100, "typical_volume": 17765225.0, "trend": 14.43087, "fair_value": 10.849731, "relative_strength": 45.144018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.741981, "energy": 72.053333, "activity_lines": [ 18.211505, 17.516481, 16.285477, 15.45768 ] }, { "date": "2024-07-05", "close": 17.802452, "volume": 14807600, "typical_volume": 17598970.0, "trend": 14.616935, "fair_value": 10.903137, "relative_strength": 39.651956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.086388, "energy": 63.854143, "activity_lines": [ 18.090517, 17.706604, 16.51926, 15.675202 ] }, { "date": "2024-07-12", "close": 17.543192, "volume": 12683100, "typical_volume": 16796285.0, "trend": 14.797148, "fair_value": 10.957996, "relative_strength": 34.075507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.972118, "energy": 57.591493, "activity_lines": [ 17.848542, 17.789881, 16.706953, 15.863993 ] }, { "date": "2024-07-19", "close": 18.320971, "volume": 15747300, "typical_volume": 16866525.0, "trend": 14.997707, "fair_value": 11.023547, "relative_strength": 39.867628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.164467, "energy": 55.365443, "activity_lines": [ 17.986814, 17.964292, 16.948954, 16.091336 ] }, { "date": "2024-07-26", "close": 18.320971, "volume": 14951900, "typical_volume": 16581905.0, "trend": 15.170365, "fair_value": 11.090397, "relative_strength": 39.232622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.277021, "energy": 52.066909, "activity_lines": [ 18.084757, 18.069567, 17.167884, 16.30574 ] }, { "date": "2024-08-02", "close": 17.283932, "volume": 11713200, "typical_volume": 16753045.0, "trend": 15.322406, "fair_value": 11.153452, "relative_strength": 29.509776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.371457, "energy": 38.651163, "activity_lines": [ 17.83702, 17.947008, 17.265415, 16.442099 ] }, { "date": "2024-08-09", "close": 17.197514, "volume": 31572700, "typical_volume": 18069440.0, "trend": 15.471566, "fair_value": 11.216213, "relative_strength": 29.273358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.842204, "energy": 31.713464, "activity_lines": [ 17.61809, 17.799309, 17.339489, 16.563074 ] }, { "date": "2024-08-16", "close": 16.506155, "volume": 13815500, "typical_volume": 18405615.0, "trend": 15.603261, "fair_value": 11.264942, "relative_strength": 22.596384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.606193, "energy": 19.852387, "activity_lines": [ 17.209036, 17.52748, 17.331258, 16.629822 ] }, { "date": "2024-08-23", "close": 19.530844, "volume": 29398300, "typical_volume": 18536745.0, "trend": 15.846939, "fair_value": 11.329948, "relative_strength": 38.004456, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.711035, "energy": 35.482365, "activity_lines": [ 17.877348, 17.857446, 17.597513, 16.883214 ] }, { "date": "2024-08-30", "close": 19.271584, "volume": 17425800, "typical_volume": 18816955.0, "trend": 16.065235, "fair_value": 11.395885, "relative_strength": 34.448856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.730749, "energy": 43.774575, "activity_lines": [ 18.378581, 18.107277, 17.81562, 17.104159 ] }, { "date": "2024-09-06", "close": 19.449203, "volume": 14040200, "typical_volume": 19359295.0, "trend": 16.27271, "fair_value": 11.462443, "relative_strength": 27.981886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.093485, "energy": 62.502486, "activity_lines": [ 18.875647, 18.372118, 18.029243, 17.322479 ] }, { "date": "2024-09-13", "close": 20.514914, "volume": 25286300, "typical_volume": 20254320.0, "trend": 16.51292, "fair_value": 11.530123, "relative_strength": 33.951438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.257729, "energy": 84.892913, "activity_lines": [ 19.583598, 18.807069, 18.322118, 17.59617 ] }, { "date": "2024-09-20", "close": 21.225386, "volume": 15801800, "typical_volume": 20531190.0, "trend": 16.774022, "fair_value": 11.602878, "relative_strength": 34.487752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.46715, "energy": 90.011203, "activity_lines": [ 20.307214, 19.32188, 18.654103, 17.9002 ] }, { "date": "2024-09-27", "close": 20.426105, "volume": 19727400, "typical_volume": 21211805.0, "trend": 17.005691, "fair_value": 11.67414, "relative_strength": 28.311712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.40839, "energy": 81.929133, "activity_lines": [ 20.449787, 19.624418, 18.879262, 18.135818 ] }, { "date": "2024-10-04", "close": 20.426105, "volume": 46035800, "typical_volume": 22295030.0, "trend": 17.234298, "fair_value": 11.742809, "relative_strength": 27.487067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.963222, "energy": 70.169495, "activity_lines": [ 20.532676, 19.88868, 19.076291, 18.35649 ] }, { "date": "2024-10-11", "close": 21.491814, "volume": 26837500, "typical_volume": 22891785.0, "trend": 17.481145, "fair_value": 11.818309, "relative_strength": 30.367543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.717227, "energy": 60.168128, "activity_lines": [ 20.893833, 20.308433, 19.354502, 18.631169 ] }, { "date": "2024-10-18", "close": 21.04777, "volume": 21592100, "typical_volume": 22684245.0, "trend": 17.724713, "fair_value": 11.892, "relative_strength": 24.64584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.526256, "energy": 52.983603, "activity_lines": [ 20.970801, 20.570944, 19.567918, 18.861273 ] }, { "date": "2024-10-25", "close": 21.04777, "volume": 10400300, "typical_volume": 21112155.0, "trend": 17.971162, "fair_value": 11.966729, "relative_strength": 25.495726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.958451, "energy": 50.03923, "activity_lines": [ 21.012246, 20.763449, 19.76341, 19.075664 ] }, { "date": "2024-11-01", "close": 22.868357, "volume": 34343300, "typical_volume": 20387525.0, "trend": 18.24661, "fair_value": 12.05209, "relative_strength": 34.645836, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.400033, "energy": 60.538278, "activity_lines": [ 21.672394, 21.204396, 20.124245, 19.391612 ] }, { "date": "2024-11-08", "close": 22.646334, "volume": 16932700, "typical_volume": 20011445.0, "trend": 18.508896, "fair_value": 12.13551, "relative_strength": 31.809346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.814229, "energy": 62.637793, "activity_lines": [ 22.095717, 21.544293, 20.4394, 19.675465 ] }, { "date": "2024-11-15", "close": 21.136578, "volume": 27381800, "typical_volume": 21024730.0, "trend": 18.720856, "fair_value": 12.212365, "relative_strength": 23.705978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.607922, "energy": 50.342638, "activity_lines": [ 21.867774, 21.54833, 20.590171, 19.844993 ] }, { "date": "2024-11-22", "close": 21.758244, "volume": 17374200, "typical_volume": 21153060.0, "trend": 18.962181, "fair_value": 12.298913, "relative_strength": 25.759469, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.628112, "energy": 50.818683, "activity_lines": [ 21.870735, 21.634717, 20.785919, 20.040954 ] }, { "date": "2024-11-29", "close": 20.870152, "volume": 18549200, "typical_volume": 21446365.0, "trend": 19.16526, "fair_value": 12.381843, "relative_strength": 21.04242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.495319, "energy": 33.401929, "activity_lines": [ 21.5303, 21.537027, 20.878249, 20.164049 ] }, { "date": "2024-12-06", "close": 21.669432, "volume": 16651200, "typical_volume": 21491560.0, "trend": 19.403625, "fair_value": 12.46886, "relative_strength": 22.380573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.00321, "energy": 26.272129, "activity_lines": [ 21.468133, 21.59112, 21.030858, 20.325608 ] }, { "date": "2024-12-13", "close": 20.78134, "volume": 8773000, "typical_volume": 21182615.0, "trend": 19.557653, "fair_value": 12.550443, "relative_strength": 17.951262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.241168, "energy": 21.205081, "activity_lines": [ 21.189863, 21.461135, 21.082942, 20.414493 ] }, { "date": "2024-12-20", "close": 19.449203, "volume": 14085000, "typical_volume": 21301205.0, "trend": 19.647113, "fair_value": 12.624524, "relative_strength": 14.79113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.079994, "energy": 14.289656, "activity_lines": [ 20.591881, 21.082485, 20.99644, 20.407496 ] }, { "date": "2024-12-27", "close": 19.982059, "volume": 12259400, "typical_volume": 20335540.0, "trend": 19.737051, "fair_value": 12.702021, "relative_strength": 13.994835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.3632, "energy": 14.164554, "activity_lines": [ 20.28401, 20.837856, 20.950375, 20.429106 ] }, { "date": "2025-01-03", "close": 19.715631, "volume": 9946000, "typical_volume": 20142065.0, "trend": 19.748971, "fair_value": 12.779367, "relative_strength": 12.906428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.685036, "energy": 18.776281, "activity_lines": [ 20.005741, 20.564162, 20.865676, 20.427724 ] }, { "date": "2025-01-10", "close": 18.472303, "volume": 20090000, "typical_volume": 19676650.0, "trend": 19.77418, "fair_value": 12.850041, "relative_strength": 6.352744, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.791482, "energy": 45.246603, "activity_lines": [ 19.389997, 20.08863, 20.647282, 20.345358 ] }, { "date": "2025-01-17", "close": 17.140165, "volume": 35786800, "typical_volume": 20594700.0, "trend": 19.73482, "fair_value": 12.908802, "relative_strength": 0.135303, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.241583, "energy": 65.310157, "activity_lines": [ 18.54335, 19.450818, 20.307058, 20.175422 ] }, { "date": "2025-01-24", "close": 16.873737, "volume": 18669800, "typical_volume": 20826180.0, "trend": 19.692341, "fair_value": 12.969228, "relative_strength": -2.915747, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.330965, "energy": 73.927076, "activity_lines": [ 17.850638, 18.864678, 19.95161, 19.990836 ] }, { "date": "2025-01-31", "close": 16.607311, "volume": 25216400, "typical_volume": 20822685.0, "trend": 19.652503, "fair_value": 13.026648, "relative_strength": -2.077237, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.088317, "energy": 77.500691, "activity_lines": [ 17.240816, 18.307602, 19.583052, 19.791801 ] }, { "date": "2025-02-07", "close": 16.340883, "volume": 32472100, "typical_volume": 21656200.0, "trend": 19.612426, "fair_value": 13.075356, "relative_strength": -1.684378, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.6777, "energy": 86.724795, "activity_lines": [ 16.767167, 17.795738, 19.207727, 19.578149 ] }, { "date": "2025-02-14", "close": 17.317783, "volume": 18372600, "typical_volume": 21588460.0, "trend": 19.578986, "fair_value": 13.130326, "relative_strength": 4.389966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.436493, "energy": 79.938072, "activity_lines": [ 16.844135, 17.543843, 18.948701, 19.430107 ] }, { "date": "2025-02-21", "close": 18.561111, "volume": 24870000, "typical_volume": 20530170.0, "trend": 19.586991, "fair_value": 13.198974, "relative_strength": 13.320799, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.682913, "energy": 50.120302, "activity_lines": [ 17.412513, 17.597129, 18.822887, 19.364438 ] }, { "date": "2025-02-28", "close": 17.939447, "volume": 23007500, "typical_volume": 20338670.0, "trend": 19.608841, "fair_value": 13.264675, "relative_strength": 12.560072, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.580981, "energy": 37.297141, "activity_lines": [ 17.67894, 17.577752, 18.646749, 19.258145 ] }, { "date": "2025-03-07", "close": 18.827539, "volume": 23196300, "typical_volume": 20418880.0, "trend": 19.663175, "fair_value": 13.337625, "relative_strength": 17.29722, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.746733, "energy": 25.152585, "activity_lines": [ 18.170351, 17.747297, 18.572107, 19.207738 ] }, { "date": "2025-03-14", "close": 19.280594, "volume": 20132700, "typical_volume": 20905500.0, "trend": 19.755657, "fair_value": 13.40881, "relative_strength": 21.913215, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.48924, "energy": 26.132363, "activity_lines": [ 18.664765, 18.020206, 18.551186, 19.183055 ] }, { "date": "2025-03-21", "close": 17.168911, "volume": 33748700, "typical_volume": 20875770.0, "trend": 19.676925, "fair_value": 13.466458, "relative_strength": 6.696974, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.378722, "energy": 24.656378, "activity_lines": [ 18.259304, 17.917083, 18.337567, 19.016169 ] }, { "date": "2025-03-28", "close": 17.260721, "volume": 20545500, "typical_volume": 21056410.0, "trend": 19.609897, "fair_value": 13.524694, "relative_strength": 7.557606, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.623754, "energy": 24.766583, "activity_lines": [ 17.89437, 17.854351, 18.159832, 18.860284 ] }, { "date": "2025-04-04", "close": 15.057226, "volume": 26863500, "typical_volume": 21030495.0, "trend": 19.463498, "fair_value": 13.565174, "relative_strength": -2.364014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.742431, "energy": 51.666442, "activity_lines": [ 16.881632, 17.388792, 17.797886, 18.566564 ] }, { "date": "2025-04-11", "close": 14.230915, "volume": 24853300, "typical_volume": 21404450.0, "trend": 19.254031, "fair_value": 13.598799, "relative_strength": -8.264907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.256089, "energy": 82.142445, "activity_lines": [ 15.785604, 16.806021, 17.386193, 18.228978 ] }, { "date": "2025-04-18", "close": 14.139102, "volume": 19282300, "typical_volume": 21441105.0, "trend": 19.017821, "fair_value": 13.629761, "relative_strength": -10.770567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.513627, "energy": 86.590928, "activity_lines": [ 14.965413, 16.249765, 17.001601, 17.898982 ] }, { "date": "2025-04-25", "close": 15.057226, "volume": 26420000, "typical_volume": 21929545.0, "trend": 18.838859, "fair_value": 13.668165, "relative_strength": -5.940697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.385009, "energy": 82.086291, "activity_lines": [ 14.79403, 15.900472, 16.736501, 17.64346 ] }, { "date": "2025-05-02", "close": 14.689977, "volume": 16875800, "typical_volume": 22334685.0, "trend": 18.647654, "fair_value": 13.703176, "relative_strength": -11.475268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.659483, "energy": 78.688062, "activity_lines": [ 14.64101, 15.525508, 16.467912, 17.37579 ] }, { "date": "2025-05-09", "close": 13.771852, "volume": 28463100, "typical_volume": 23053590.0, "trend": 18.390322, "fair_value": 13.735935, "relative_strength": -17.917861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.257432, "energy": 71.123363, "activity_lines": [ 14.353331, 15.053996, 16.140889, 17.061222 ] }, { "date": "2025-05-16", "close": 12.670105, "volume": 26194700, "typical_volume": 23750355.0, "trend": 18.111067, "fair_value": 13.761112, "relative_strength": -23.410326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.210518, "energy": 65.037824, "activity_lines": [ 13.784095, 14.457942, 15.735973, 16.692176 ] }, { "date": "2025-05-23", "close": 12.670105, "volume": 25559900, "typical_volume": 24531050.0, "trend": 17.831811, "fair_value": 13.787846, "relative_strength": -21.982133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.432092, "energy": 75.004391, "activity_lines": [ 13.318912, 13.97384, 15.365876, 16.341146 ] }, { "date": "2025-05-30", "close": 12.761917, "volume": 21799800, "typical_volume": 24616540.0, "trend": 17.49493, "fair_value": 13.815168, "relative_strength": -19.362837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.104004, "energy": 76.682516, "activity_lines": [ 12.982267, 13.626622, 15.038073, 16.014056 ] }, { "date": "2025-06-06", "close": 12.670105, "volume": 15550100, "typical_volume": 23604705.0, "trend": 17.162389, "fair_value": 13.840346, "relative_strength": -18.661334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.482598, "energy": 77.711584, "activity_lines": [ 12.768038, 13.342839, 14.728718, 15.702777 ] }, { "date": "2025-06-13", "close": 11.568357, "volume": 16238700, "typical_volume": 23483150.0, "trend": 16.843448, "fair_value": 13.860536, "relative_strength": -24.481122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.407487, "energy": 80.076376, "activity_lines": [ 12.321218, 12.942203, 14.335721, 15.341872 ] }, { "date": "2025-06-20", "close": 10.191172, "volume": 36801200, "typical_volume": 24062390.0, "trend": 16.457879, "fair_value": 13.869304, "relative_strength": -29.595437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.239715, "energy": 89.189301, "activity_lines": [ 11.562236, 12.354604, 13.836827, 14.912693 ] }, { "date": "2025-06-27", "close": 10.833858, "volume": 26442100, "typical_volume": 23760890.0, "trend": 16.123336, "fair_value": 13.88271, "relative_strength": -25.763218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.758082, "energy": 81.978696, "activity_lines": [ 11.182745, 11.957307, 13.429694, 14.549853 ] }, { "date": "2025-07-04", "close": 11.476544, "volume": 17282200, "typical_volume": 23706370.0, "trend": 15.783573, "fair_value": 13.901793, "relative_strength": -23.632128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.332809, "energy": 78.516976, "activity_lines": [ 11.139899, 11.736958, 13.109993, 14.25006 ] }, { "date": "2025-07-11", "close": 11.751982, "volume": 14470800, "typical_volume": 23186410.0, "trend": 15.482595, "fair_value": 13.92809, "relative_strength": -21.580216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.572748, "energy": 71.512697, "activity_lines": [ 11.274557, 11.631791, 12.84434, 13.989957 ] }, { "date": "2025-07-18", "close": 13.863666, "volume": 66344100, "typical_volume": 25353240.0, "trend": 15.29641, "fair_value": 13.967664, "relative_strength": -13.740502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.272962, "energy": 41.18277, "activity_lines": [ 12.174319, 11.963985, 12.812224, 13.88551 ] }, { "date": "2025-07-25", "close": 13.312792, "volume": 40357600, "typical_volume": 26211305.0, "trend": 15.074101, "fair_value": 14.003966, "relative_strength": -17.520891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.370645, "energy": 26.925796, "activity_lines": [ 12.737434, 12.19435, 12.747053, 13.757535 ] }, { "date": "2025-08-01", "close": 14.047291, "volume": 67546500, "typical_volume": 28581995.0, "trend": 14.885157, "fair_value": 14.040566, "relative_strength": -12.848229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.515394, "energy": 26.715226, "activity_lines": [ 13.337275, 12.546576, 12.778094, 13.691289 ] }, { "date": "2025-08-08", "close": 13.68004, "volume": 81845500, "typical_volume": 30986835.0, "trend": 14.725414, "fair_value": 14.074812, "relative_strength": -17.58624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.355644, "energy": 24.126219, "activity_lines": [ 13.60047, 12.806989, 12.79908, 13.613539 ] }, { "date": "2025-08-15", "close": 13.496416, "volume": 25958400, "typical_volume": 31257480.0, "trend": 14.603956, "fair_value": 14.108399, "relative_strength": -18.483024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.557723, "energy": 21.814442, "activity_lines": [ 13.655558, 13.017323, 12.819191, 13.534249 ] }, { "date": "2025-08-22", "close": 12.85373, "volume": 42088100, "typical_volume": 32018710.0, "trend": 14.469956, "fair_value": 14.135272, "relative_strength": -21.513645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.446991, "energy": 16.157036, "activity_lines": [ 13.380121, 13.095781, 12.796019, 13.421331 ] }, { "date": "2025-08-29", "close": 12.394668, "volume": 44635100, "typical_volume": 33007800.0, "trend": 14.329534, "fair_value": 14.156608, "relative_strength": -22.817547, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.919867, "energy": 17.16188, "activity_lines": [ 13.018992, 13.067402, 12.73962, 13.287442 ] }, { "date": "2025-09-05", "close": 13.037354, "volume": 39829300, "typical_volume": 34035150.0, "trend": 14.219417, "fair_value": 14.182583, "relative_strength": -20.233315, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.408185, "energy": 17.981704, "activity_lines": [ 12.9333, 13.115812, 12.753173, 13.204075 ] }, { "date": "2025-09-12", "close": 13.129167, "volume": 50841300, "typical_volume": 35256215.0, "trend": 14.079796, "fair_value": 14.21226, "relative_strength": -20.960871, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.834468, "energy": 19.543008, "activity_lines": [ 12.945542, 13.140852, 12.780717, 13.133737 ] }, { "date": "2025-09-19", "close": 12.93889, "volume": 47948000, "typical_volume": 36809825.0, "trend": 13.892389, "fair_value": 14.233452, "relative_strength": -21.509975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.575643, "energy": 18.565726, "activity_lines": [ 12.931083, 13.101248, 12.79932, 13.06013 ] }, { "date": "2025-09-26", "close": 12.653473, "volume": 23837300, "typical_volume": 36578535.0, "trend": 13.71619, "fair_value": 14.251777, "relative_strength": -21.908732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.438632, "energy": 17.511788, "activity_lines": [ 12.858653, 12.98817, 12.79908, 12.9802 ] }, { "date": "2025-10-03", "close": 13.795139, "volume": 57831800, "typical_volume": 38160390.0, "trend": 13.548443, "fair_value": 14.274825, "relative_strength": -15.394849, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.593463, "energy": 4.221693, "activity_lines": [ 13.18013, 13.104672, 12.912895, 12.985293 ] }, { "date": "2025-10-10", "close": 13.224305, "volume": 34863000, "typical_volume": 38625545.0, "trend": 13.346567, "fair_value": 14.297328, "relative_strength": -17.934055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.211838, "energy": 5.178539, "activity_lines": [ 13.217963, 13.108615, 12.966987, 12.964381 ] }, { "date": "2025-10-17", "close": 13.034028, "volume": 28239400, "typical_volume": 38947525.0, "trend": 13.208737, "fair_value": 14.314979, "relative_strength": -17.83749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.060218, "energy": 6.17136, "activity_lines": [ 13.179908, 13.092926, 13.000319, 12.944217 ] }, { "date": "2025-10-24", "close": 12.272917, "volume": 35249500, "typical_volume": 39932495.0, "trend": 13.042477, "fair_value": 14.323081, "relative_strength": -24.360075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.833756, "energy": 15.926656, "activity_lines": [ 12.894491, 12.950599, 12.959868, 12.883842 ] }, { "date": "2025-10-31", "close": 12.368055, "volume": 19014700, "typical_volume": 40071295.0, "trend": 12.952838, "fair_value": 14.331793, "relative_strength": -22.774549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.585661, "energy": 26.898404, "activity_lines": [ 12.685185, 12.847815, 12.93037, 12.840331 ] }, { "date": "2025-11-07", "close": 12.558333, "volume": 15988600, "typical_volume": 39030665.0, "trend": 12.897086, "fair_value": 14.341724, "relative_strength": -20.46162, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.659927, "energy": 29.735763, "activity_lines": [ 12.558333, 12.788457, 12.915185, 12.814879 ] }, { "date": "2025-11-14", "close": 13.319445, "volume": 49185400, "typical_volume": 40167830.0, "trend": 12.869764, "fair_value": 14.362762, "relative_strength": -12.829497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.388714, "energy": 11.046831, "activity_lines": [ 12.767639, 12.864508, 12.961215, 12.842128 ] }, { "date": "2025-11-21", "close": 13.890278, "volume": 54537100, "typical_volume": 42030575.0, "trend": 12.830865, "fair_value": 14.384863, "relative_strength": -7.429519, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.054789, "energy": 33.31308, "activity_lines": [ 13.16088, 13.039217, 13.049774, 12.907967 ] }, { "date": "2025-11-28", "close": 13.7, "volume": 38285300, "typical_volume": 43221300.0, "trend": 12.797866, "fair_value": 14.403151, "relative_strength": -8.315957, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.231147, "energy": 47.583099, "activity_lines": [ 13.433611, 13.165492, 13.108717, 12.964041 ] }, { "date": "2025-12-05", "close": 13.7, "volume": 23511300, "typical_volume": 41079660.0, "trend": 12.795471, "fair_value": 14.424033, "relative_strength": -8.931343, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.84888, "energy": 54.993266, "activity_lines": [ 13.611204, 13.277929, 13.158383, 13.022243 ] }, { "date": "2025-12-12", "close": 13.604861, "volume": 15961900, "typical_volume": 39859875.0, "trend": 12.82663, "fair_value": 14.443787, "relative_strength": -7.593529, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.236402, "energy": 57.968473, "activity_lines": [ 13.668287, 13.35404, 13.199768, 13.074461 ] }, { "date": "2025-12-19", "close": 14.270833, "volume": 37832300, "typical_volume": 38374165.0, "trend": 12.879987, "fair_value": 14.469366, "relative_strength": -2.466774, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.6237, "energy": 62.984126, "activity_lines": [ 13.877592, 13.554697, 13.303189, 13.167636 ] }, { "date": "2025-12-26", "close": 14.175694, "volume": 16958000, "typical_volume": 35129790.0, "trend": 12.927113, "fair_value": 14.490703, "relative_strength": -3.182031, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.647336, "energy": 57.234515, "activity_lines": [ 13.991759, 13.719028, 13.396484, 13.25123 ] }, { "date": "2026-01-02", "close": 14.080556, "volume": 5926600, "typical_volume": 34128200.0, "trend": 12.974128, "fair_value": 14.50676, "relative_strength": -3.374915, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.305847, "energy": 55.217829, "activity_lines": [ 14.055185, 13.845303, 13.478358, 13.325645 ] }, { "date": "2026-01-09", "close": 15.317362, "volume": 38804700, "typical_volume": 33964030.0, "trend": 13.099095, "fair_value": 14.534896, "relative_strength": 5.806901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.041316, "energy": 78.231389, "activity_lines": [ 14.50551, 14.163586, 13.675241, 13.476822 ] }, { "date": "2026-01-16", "close": 14.651388, "volume": 36701300, "typical_volume": 33567340.0, "trend": 13.247769, "fair_value": 14.556688, "relative_strength": -0.284189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.504062, "energy": 64.358318, "activity_lines": [ 14.626018, 14.307159, 13.796967, 13.57697 ] }, { "date": "2026-01-23", "close": 14.556251, "volume": 26620100, "typical_volume": 32906880.0, "trend": 13.371849, "fair_value": 14.576313, "relative_strength": -3.632219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.30781, "energy": 59.816356, "activity_lines": [ 14.645047, 14.395379, 13.898886, 13.661388 ] }, { "date": "2026-01-30", "close": 14.556251, "volume": 21711800, "typical_volume": 31450405.0, "trend": 13.474505, "fair_value": 14.594901, "relative_strength": -4.183519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.02262, "energy": 49.006303, "activity_lines": [ 14.645047, 14.461111, 13.993572, 13.737801 ] }, { "date": "2026-02-06", "close": 14.841667, "volume": 35469200, "typical_volume": 30826465.0, "trend": 13.577495, "fair_value": 14.616355, "relative_strength": -4.065949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.229919, "energy": 42.112656, "activity_lines": [ 14.714815, 14.566629, 14.108644, 13.826005 ] }, { "date": "2026-02-13", "close": 16.36389, "volume": 58302800, "typical_volume": 32549740.0, "trend": 13.660836, "fair_value": 14.649125, "relative_strength": 0.491577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.920433, "energy": 62.30217, "activity_lines": [ 15.241251, 14.928157, 14.35963, 14.005772 ] }, { "date": "2026-02-20", "close": 17.410416, "volume": 38427000, "typical_volume": 31579500.0, "trend": 13.797423, "fair_value": 14.691197, "relative_strength": 3.905154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.016982, "energy": 86.607162, "activity_lines": [ 16.04676, 15.431528, 14.692616, 14.247681 ] }, { "date": "2026-02-27", "close": 17.029861, "volume": 38849900, "typical_volume": 31778845.0, "trend": 13.896842, "fair_value": 14.734462, "relative_strength": -0.962319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.363431, "energy": 88.590883, "activity_lines": [ 16.541482, 15.796515, 14.972143, 14.456225 ] }, { "date": "2026-03-06", "close": 13.319445, "volume": 101519400, "typical_volume": 35442845.0, "trend": 13.884822, "fair_value": 14.752386, "relative_strength": -15.163887, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.517092, "energy": 38.627288, "activity_lines": [ 15.634491, 15.436717, 14.880175, 14.418974 ] }, { "date": "2026-03-13", "close": 13.9, "volume": 73488100, "typical_volume": 37354775.0, "trend": 13.898275, "fair_value": 14.777145, "relative_strength": -10.385935, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.027548, "energy": 19.970401, "activity_lines": [ 15.003472, 15.198043, 14.84214, 14.419953 ] }, { "date": "2026-03-20", "close": 13.6, "volume": 32808800, "typical_volume": 38044480.0, "trend": 13.923151, "fair_value": 14.797905, "relative_strength": -13.009809, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.51627, "energy": 17.548069, "activity_lines": [ 14.335232, 14.908106, 14.767785, 14.400709 ] }, { "date": "2026-03-27", "close": 13.2, "volume": 46762200, "typical_volume": 39583160.0, "trend": 13.949995, "fair_value": 14.812468, "relative_strength": -15.560822, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -24.252888, "energy": 32.545663, "activity_lines": [ 13.717917, 14.576667, 14.649468, 14.354055 ] }, { "date": "2026-04-03", "close": 13.6, "volume": 38482100, "typical_volume": 39047995.0, "trend": 13.96875, "fair_value": 14.830115, "relative_strength": -12.792561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.281256, "energy": 27.681466, "activity_lines": [ 13.51463, 14.344344, 14.566191, 14.331474 ] }, { "date": "2026-04-10", "close": 13.6, "volume": 40654600, "typical_volume": 38353870.0, "trend": 13.984445, "fair_value": 14.850356, "relative_strength": -15.306524, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.318081, "energy": 29.509635, "activity_lines": [ 13.54, 14.129407, 14.481578, 14.307684 ] }, { "date": "2026-04-17", "close": 13.8, "volume": 17635500, "typical_volume": 37321380.0, "trend": 14.013148, "fair_value": 14.871879, "relative_strength": -12.175497, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.103185, "energy": 29.076043, "activity_lines": [ 13.613333, 13.96822, 14.417394, 14.295784 ] }, { "date": "2026-04-24", "close": 13.4, "volume": 25371100, "typical_volume": 37414370.0, "trend": 14.038033, "fair_value": 14.888763, "relative_strength": -12.576935, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.850742, "energy": 18.617793, "activity_lines": [ 13.56, 13.753245, 14.31464, 14.256226 ] }, { "date": "2026-05-01", "close": 13.5, "volume": 15004800, "typical_volume": 37366515.0, "trend": 14.028195, "fair_value": 14.903693, "relative_strength": -13.633906, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.580782, "energy": 16.075099, "activity_lines": [ 13.553333, 13.610341, 14.222837, 14.221514 ] }, { "date": "2026-05-08", "close": 14.2, "volume": 31809200, "typical_volume": 37065360.0, "trend": 14.060718, "fair_value": 14.919997, "relative_strength": -9.241222, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.33581, "energy": 10.472464, "activity_lines": [ 13.76, 13.665808, 14.198201, 14.232599 ] }, { "date": "2026-05-15", "close": 13.8, "volume": 32335300, "typical_volume": 37834225.0, "trend": 14.08625, "fair_value": 14.93685, "relative_strength": -12.577328, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.591367, "energy": 9.49955, "activity_lines": [ 13.793333, 13.7, 14.135807, 14.215778 ] }, { "date": "2026-05-22", "close": 14.4, "volume": 27417500, "typical_volume": 38908770.0, "trend": 14.157153, "fair_value": 14.955992, "relative_strength": -9.769196, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.872326, "energy": 5.214535, "activity_lines": [ 14.013333, 13.834545, 14.132345, 14.23602 ] }, { "date": "2026-05-29", "close": 15.6, "volume": 65173400, "typical_volume": 40227205.0, "trend": 14.264884, "fair_value": 14.978676, "relative_strength": -3.894587, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.927177, "energy": 20.601207, "activity_lines": [ 14.593333, 14.178182, 14.241647, 14.329107 ] }, { "date": "2026-06-05", "close": 16.6, "volume": 12603800, "typical_volume": 39022330.0, "trend": 14.399607, "fair_value": 15.004656, "relative_strength": 1.470923, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.907426, "energy": 65.084625, "activity_lines": [ 15.36, 14.667273, 14.444841, 14.47976 ] }, { "date": "2026-06-12", "close": 16.799999, "volume": 11934700, "typical_volume": 38288060.0, "trend": 14.515625, "fair_value": 15.028286, "relative_strength": 2.014128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.54127, "energy": 85.417565, "activity_lines": [ 15.986666, 15.130909, 14.657804, 14.634624 ] }, { "date": "2026-06-19", "close": 17.299999, "volume": 11347000, "typical_volume": 37769820.0, "trend": 14.629282, "fair_value": 15.058754, "relative_strength": 6.093103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.116838, "energy": 91.058795, "activity_lines": [ 16.606666, 15.627272, 14.907702, 14.814261 ] }, { "date": "2026-06-26", "close": 18.299999, "volume": 10293700, "typical_volume": 36511045.0, "trend": 14.782616, "fair_value": 15.096151, "relative_strength": 14.027681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.770132, "energy": 96.188183, "activity_lines": [ 17.326666, 16.238181, 15.239772, 15.051081 ] }, { "date": "2026-07-03", "close": 18.799999, "volume": 4430700, "typical_volume": 33817440.0, "trend": 14.952616, "fair_value": 15.139347, "relative_strength": 11.837555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.603347, "energy": 95.944007, "activity_lines": [ 17.953332, 16.858181, 15.602992, 15.310267 ] }, { "date": "2026-07-10", "close": 19.0, "volume": 78065800, "typical_volume": 35799380.0, "trend": 15.132454, "fair_value": 15.186939, "relative_strength": 12.05639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.11791, "energy": 93.458239, "activity_lines": [ 18.433333, 17.416363, 15.97366, 15.571389 ] }, { "date": "2026-07-17", "close": 18.4, "volume": 44686400, "typical_volume": 36091205.0, "trend": 15.270093, "fair_value": 15.230685, "relative_strength": 7.411933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.128642, "energy": 86.860021, "activity_lines": [ 18.553333, 17.765454, 16.279616, 15.782198 ] }, { "date": "2026-07-24", "close": 17.700001, "volume": 48943100, "typical_volume": 33462390.0, "trend": 15.387569, "fair_value": 15.267868, "relative_strength": 3.064789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.749734, "energy": 65.223743, "activity_lines": [ 18.333333, 17.910909, 16.512381, 15.938966 ] }, { "date": "2026-07-31", "close": 19.4, "volume": 44776900, "typical_volume": 32026830.0, "trend": 15.564884, "fair_value": 15.312835, "relative_strength": 14.153714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.544629, "energy": 67.574981, "activity_lines": [ 18.653334, 18.294545, 16.88619, 16.197833 ] }, { "date": "2026-08-07", "close": 19.700001, "volume": 45217400, "typical_volume": 32647260.0, "trend": 15.710972, "fair_value": 15.356093, "relative_strength": 16.417433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.139194, "energy": 67.830457, "activity_lines": [ 19.000001, 18.641818, 17.262381, 16.464615 ] } ], "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." } } }