{ "ticker": { "uuid": "e629dd15-b437-4cc5-a642-0062957a3373", "symbol": "CALM", "name": "Cal-Maine Foods Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 73.885, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 59.906, "architecture_energy": 47.668, "architecture_maturity": 10.092, "architecture_confidence": 63.268, "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": 29.3, "rotation_up": 65.67, "upward_expansion": 79.68, "deceleration": 55.27, "rotation_down": 12.03, "downward_expansion": 6.35 }, "activity_lines": [ 87.528, 85.790545, 82.205783, 81.436603 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 85.08, "trend_reference": 80.940033, "distance_from_trend": 0.051149, "trend_direction": "Improving", "fair_value": 73.531776, "distance_from_fair_value": 0.157051, "fair_value_direction": "Improving", "relative_strength": -13.610025, "relative_strength_direction": "Improving", "price_momentum": 0.0358, "excess_performance": -0.151653, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.051149, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00273, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.157051, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070038, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.1361, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.159532, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.0358, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.614924, "read": "Demand-led" } ], "volume": { "latest": 3661654, "relative_activity": 0.87595, "balance": 2.614924, "dry_up": 1.247476, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.071757, "annualized_volatility": 0.235107, "from_high_reference": -0.254178, "from_low_reference": 0.199106 }, "levels": { "trend_reference": 80.940033, "fair_value_reference": 73.531776, "structural_low": 72.425576, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": 0.032569, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.024661, "regime_survival": 0.833333, "best_return": 0.285582, "worst_return": -0.151984, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.039249, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.05721, "regime_survival": 0.6, "best_return": 0.576217, "worst_return": -0.221882, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.060017, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.02077, "regime_survival": 0.333333, "best_return": 0.886109, "worst_return": -0.235941, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.230822, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.124558, "regime_survival": 0.75, "best_return": 0.936834, "worst_return": -0.210875, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-31", "tenure": "Developing", "return": 0.085739, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-07", "end": "2025-02-14", "tenure": "Extended", "return": 0.696003, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.087983, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": 0.109753, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.112277, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.042955, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-26", "tenure": "Developing", "return": -0.04978, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": 0.021608, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.025339, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-02-27", "tenure": "Established", "return": 0.054722, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-04-10", "tenure": "Developing", "return": -0.155944, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-06-19", "tenure": "Developing", "return": 0.019578, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": 0.103702, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.058016, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 41.262332, "volume": 3040757, "typical_volume": 4251897.35, "trend": 42.488499, "fair_value": 35.663427, "relative_strength": -19.344674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.504859, "energy": 23.62962, "activity_lines": [ 40.095435, 39.236499, 39.725193, 40.919994 ] }, { "date": "2023-08-25", "close": 40.751317, "volume": 3085791, "typical_volume": 4183068.2, "trend": 42.350304, "fair_value": 35.721484, "relative_strength": -21.325187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.912507, "energy": 23.22854, "activity_lines": [ 40.497376, 39.56593, 39.734664, 40.807918 ] }, { "date": "2023-09-01", "close": 41.3143, "volume": 3071542, "typical_volume": 4077539.75, "trend": 42.246105, "fair_value": 35.79471, "relative_strength": -22.736344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.700126, "energy": 17.686966, "activity_lines": [ 40.875462, 39.995953, 39.820116, 40.741079 ] }, { "date": "2023-09-08", "close": 42.959943, "volume": 3022052, "typical_volume": 3999913.2, "trend": 42.219877, "fair_value": 35.877992, "relative_strength": -18.203375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.008201, "energy": 28.052982, "activity_lines": [ 41.673454, 40.662063, 40.08064, 40.787133 ] }, { "date": "2023-09-15", "close": 39.911173, "volume": 4140755, "typical_volume": 3700712.6, "trend": 41.88153, "fair_value": 35.94099, "relative_strength": -23.146051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.307689, "energy": 17.251452, "activity_lines": [ 41.2069, 40.689795, 40.058127, 40.638184 ] }, { "date": "2023-09-22", "close": 41.807993, "volume": 2570394, "typical_volume": 3536404.0, "trend": 41.687181, "fair_value": 36.016591, "relative_strength": -16.058469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.59271, "energy": 16.167052, "activity_lines": [ 41.396294, 41.019992, 40.218907, 40.63344 ] }, { "date": "2023-09-29", "close": 41.937912, "volume": 2657371, "typical_volume": 3495616.65, "trend": 41.534692, "fair_value": 36.095643, "relative_strength": -15.329299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 20.413276, "energy": 24.860996, "activity_lines": [ 41.592616, 41.291027, 40.39752, 40.649616 ] }, { "date": "2023-10-06", "close": 39.841883, "volume": 9698010, "typical_volume": 3810144.2, "trend": 41.337627, "fair_value": 36.163236, "relative_strength": -20.446032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.597373, "energy": 12.525532, "activity_lines": [ 41.011155, 41.101705, 40.367678, 40.540402 ] }, { "date": "2023-10-13", "close": 42.925298, "volume": 4999557, "typical_volume": 3891117.9, "trend": 41.286584, "fair_value": 36.24842, "relative_strength": -13.661098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.479349, "energy": 17.344478, "activity_lines": [ 41.555661, 41.464691, 40.636986, 40.642833 ] }, { "date": "2023-10-20", "close": 39.737947, "volume": 5384504, "typical_volume": 4031042.7, "trend": 41.130112, "fair_value": 36.30675, "relative_strength": -17.004892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.615912, "energy": 3.744327, "activity_lines": [ 41.040026, 41.181074, 40.595572, 40.542921 ] }, { "date": "2023-10-27", "close": 39.460786, "volume": 2875031, "typical_volume": 4004279.55, "trend": 40.789534, "fair_value": 36.37022, "relative_strength": -14.786809, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.439326, "energy": 10.184712, "activity_lines": [ 40.443553, 40.85667, 40.531475, 40.435222 ] }, { "date": "2023-11-03", "close": 42.913657, "volume": 3668775, "typical_volume": 3978425.85, "trend": 40.70506, "fair_value": 36.451574, "relative_strength": -12.254662, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.396904, "energy": 10.457736, "activity_lines": [ 41.154517, 41.192815, 40.808761, 40.572262 ] }, { "date": "2023-11-10", "close": 43.043594, "volume": 3217886, "typical_volume": 3960153.5, "trend": 40.6343, "fair_value": 36.52887, "relative_strength": -14.025846, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.738491, "energy": 26.192916, "activity_lines": [ 41.843743, 41.513271, 41.087663, 40.723136 ] }, { "date": "2023-11-17", "close": 41.865504, "volume": 3742256, "typical_volume": 3971507.05, "trend": 40.546571, "fair_value": 36.603753, "relative_strength": -17.533544, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.024832, "energy": 32.418429, "activity_lines": [ 41.926826, 41.588086, 41.229598, 40.802568 ] }, { "date": "2023-11-24", "close": 41.510344, "volume": 3662489, "typical_volume": 4022605.4, "trend": 40.581361, "fair_value": 36.675915, "relative_strength": -18.304655, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.571891, "energy": 36.579779, "activity_lines": [ 41.962175, 41.618226, 41.320906, 40.864747 ] }, { "date": "2023-12-01", "close": 42.671109, "volume": 4098317, "typical_volume": 4035535.35, "trend": 40.571923, "fair_value": 36.756011, "relative_strength": -15.452668, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.055453, "energy": 36.403598, "activity_lines": [ 42.266285, 41.830338, 41.504041, 40.999569 ] }, { "date": "2023-12-08", "close": 44.784741, "volume": 2697387, "typical_volume": 3973669.45, "trend": 40.728639, "fair_value": 36.857561, "relative_strength": -11.095377, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.769145, "energy": 43.276072, "activity_lines": [ 43.060918, 42.411054, 41.862681, 41.271364 ] }, { "date": "2023-12-15", "close": 48.024488, "volume": 7268027, "typical_volume": 4047974.35, "trend": 40.962961, "fair_value": 36.984771, "relative_strength": -6.968896, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.635984, "energy": 66.220248, "activity_lines": [ 44.810728, 43.529055, 42.495555, 41.742064 ] }, { "date": "2023-12-22", "close": 49.124617, "volume": 3336742, "typical_volume": 4018366.75, "trend": 41.219755, "fair_value": 37.11508, "relative_strength": -4.680097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.29663, "energy": 78.654488, "activity_lines": [ 46.595188, 44.698304, 43.19206, 42.268623 ] }, { "date": "2023-12-29", "close": 49.713661, "volume": 2135601, "typical_volume": 3918662.2, "trend": 41.526286, "fair_value": 37.248276, "relative_strength": -3.230177, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.537187, "energy": 83.496654, "activity_lines": [ 48.092055, 45.861937, 43.897574, 42.816617 ] }, { "date": "2024-01-05", "close": 47.911877, "volume": 5421701, "typical_volume": 4037709.4, "trend": 41.720221, "fair_value": 37.36755, "relative_strength": -3.096027, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.092947, "energy": 80.034258, "activity_lines": [ 48.44144, 46.516596, 44.386503, 43.22859 ] }, { "date": "2024-01-12", "close": 47.56538, "volume": 2566996, "typical_volume": 4011769.65, "trend": 41.950598, "fair_value": 37.492262, "relative_strength": -6.25379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.003398, "energy": 75.560491, "activity_lines": [ 48.325941, 46.9546, 44.810767, 43.605697 ] }, { "date": "2024-01-19", "close": 46.907036, "volume": 1656305, "typical_volume": 3941007.8, "trend": 42.252743, "fair_value": 37.60801, "relative_strength": -9.489188, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.591704, "energy": 54.406618, "activity_lines": [ 47.805618, 47.188328, 45.139883, 43.925467 ] }, { "date": "2024-01-26", "close": 48.648183, "volume": 2404365, "typical_volume": 3910123.45, "trend": 42.596456, "fair_value": 37.730423, "relative_strength": -6.157576, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.448606, "energy": 46.712204, "activity_lines": [ 47.940174, 47.668384, 45.608192, 44.338076 ] }, { "date": "2024-02-02", "close": 49.426777, "volume": 3005890, "typical_volume": 3853380.2, "trend": 42.991395, "fair_value": 37.856641, "relative_strength": -5.351011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.435173, "energy": 49.361829, "activity_lines": [ 48.366024, 48.166681, 46.123565, 44.778742 ] }, { "date": "2024-02-09", "close": 48.228867, "volume": 1926920, "typical_volume": 3821206.5, "trend": 43.357196, "fair_value": 37.972759, "relative_strength": -8.816293, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.719631, "energy": 43.738162, "activity_lines": [ 48.411696, 48.303241, 46.479539, 45.116644 ] }, { "date": "2024-02-16", "close": 49.760976, "volume": 2205803, "typical_volume": 3798628.1, "trend": 43.763275, "fair_value": 38.100378, "relative_strength": -3.71105, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.705461, "energy": 50.147189, "activity_lines": [ 48.946939, 48.617316, 46.950852, 45.529791 ] }, { "date": "2024-02-23", "close": 49.843441, "volume": 2002444, "typical_volume": 3413849.8, "trend": 44.1119, "fair_value": 38.231639, "relative_strength": -4.151206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.892507, "energy": 49.945015, "activity_lines": [ 49.363296, 48.855908, 47.392767, 45.92206 ] }, { "date": "2024-03-01", "close": 48.4372, "volume": 2316168, "typical_volume": 3279680.35, "trend": 44.418621, "fair_value": 38.339952, "relative_strength": -7.994023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.560147, "energy": 41.506289, "activity_lines": [ 49.115147, 48.805748, 47.653128, 46.201111 ] }, { "date": "2024-03-08", "close": 50.208022, "volume": 2161212, "typical_volume": 3118515.75, "trend": 44.750012, "fair_value": 38.452353, "relative_strength": -2.479796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.966834, "energy": 45.633145, "activity_lines": [ 49.471337, 49.090054, 48.055891, 46.574621 ] }, { "date": "2024-03-15", "close": 51.570861, "volume": 5787601, "typical_volume": 3264144.25, "trend": 45.09363, "fair_value": 38.574084, "relative_strength": 1.807744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.669704, "energy": 57.171467, "activity_lines": [ 50.229723, 49.61316, 48.538591, 47.014676 ] }, { "date": "2024-03-22", "close": 53.098629, "volume": 2851268, "typical_volume": 3223268.9, "trend": 45.505207, "fair_value": 38.714303, "relative_strength": 2.18327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.932368, "energy": 69.183226, "activity_lines": [ 51.274566, 50.347515, 49.109125, 47.531127 ] }, { "date": "2024-03-29", "close": 51.084753, "volume": 2584773, "typical_volume": 3191613.25, "trend": 45.830888, "fair_value": 38.849914, "relative_strength": -0.497304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.879046, "energy": 64.290531, "activity_lines": [ 51.425607, 50.615107, 49.439362, 47.891098 ] }, { "date": "2024-04-05", "close": 54.600356, "volume": 6948910, "typical_volume": 3351945.95, "trend": 46.218902, "fair_value": 39.004603, "relative_strength": 7.560885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.612626, "energy": 72.57416, "activity_lines": [ 52.665762, 51.445941, 50.066127, 48.45687 ] }, { "date": "2024-04-12", "close": 52.482313, "volume": 3064300, "typical_volume": 3322036.5, "trend": 46.63794, "fair_value": 39.147048, "relative_strength": 4.30728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.956581, "energy": 50.023017, "activity_lines": [ 52.789024, 51.783454, 50.430531, 48.860961 ] }, { "date": "2024-04-19", "close": 52.161135, "volume": 3597687, "typical_volume": 3297005.0, "trend": 46.983045, "fair_value": 39.288472, "relative_strength": 9.862955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.854295, "energy": 42.81901, "activity_lines": [ 52.653609, 52.007017, 50.7121, 49.217296 ] }, { "date": "2024-04-26", "close": 49.366013, "volume": 3197944, "typical_volume": 3322032.85, "trend": 47.230648, "fair_value": 39.420161, "relative_strength": 0.229317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.078068, "energy": 28.667934, "activity_lines": [ 51.547134, 51.650879, 50.682276, 49.371036 ] }, { "date": "2024-05-03", "close": 50.193689, "volume": 3236914, "typical_volume": 3120477.2, "trend": 47.575708, "fair_value": 39.556168, "relative_strength": 1.179039, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.5537, "energy": 16.498224, "activity_lines": [ 50.965392, 51.452409, 50.709463, 49.5622 ] }, { "date": "2024-05-10", "close": 50.617861, "volume": 2126149, "typical_volume": 3059947.55, "trend": 47.832127, "fair_value": 39.696228, "relative_strength": 0.679138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.119999, "energy": 17.568668, "activity_lines": [ 50.584446, 51.324694, 50.766717, 49.758468 ] }, { "date": "2024-05-17", "close": 51.413183, "volume": 2108955, "typical_volume": 3058615.25, "trend": 48.221302, "fair_value": 39.841585, "relative_strength": 0.214941, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.142226, "energy": 17.661645, "activity_lines": [ 50.734106, 51.301934, 50.892606, 49.989504 ] }, { "date": "2024-05-24", "close": 53.330794, "volume": 2850246, "typical_volume": 2930042.5, "trend": 48.683635, "fair_value": 40.010806, "relative_strength": 2.603702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.916653, "energy": 23.418016, "activity_lines": [ 51.594245, 51.605918, 51.193031, 50.319148 ] }, { "date": "2024-05-31", "close": 54.497267, "volume": 3832264, "typical_volume": 2993305.9, "trend": 49.069756, "fair_value": 40.18345, "relative_strength": 6.42563, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.230536, "energy": 42.768751, "activity_lines": [ 52.765231, 52.08999, 51.578745, 50.694221 ] }, { "date": "2024-06-07", "close": 51.351325, "volume": 2482073, "typical_volume": 3034594.3, "trend": 49.34668, "fair_value": 40.329152, "relative_strength": -2.228898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.357948, "energy": 35.12697, "activity_lines": [ 52.545487, 51.976642, 51.631836, 50.84142 ] }, { "date": "2024-06-14", "close": 51.810845, "volume": 1694222, "typical_volume": 2999087.15, "trend": 49.678191, "fair_value": 40.482942, "relative_strength": -4.644846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.105334, "energy": 32.385056, "activity_lines": [ 52.40174, 51.941997, 51.707528, 51.000398 ] }, { "date": "2024-06-21", "close": 51.492716, "volume": 5582548, "typical_volume": 3127920.05, "trend": 50.010937, "fair_value": 40.629402, "relative_strength": -5.462653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.726075, "energy": 23.922509, "activity_lines": [ 52.072418, 51.900229, 51.737861, 51.117464 ] }, { "date": "2024-06-28", "close": 54.0024, "volume": 4042676, "typical_volume": 3233707.85, "trend": 50.388647, "fair_value": 40.798824, "relative_strength": -0.930883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.574408, "energy": 26.102242, "activity_lines": [ 52.574354, 52.332759, 51.997374, 51.374978 ] }, { "date": "2024-07-05", "close": 55.089341, "volume": 1364894, "typical_volume": 3191662.4, "trend": 50.732134, "fair_value": 40.973878, "relative_strength": -2.536909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.708904, "energy": 44.736435, "activity_lines": [ 53.393831, 52.929438, 52.332913, 51.678248 ] }, { "date": "2024-07-12", "close": 55.796294, "volume": 1851517, "typical_volume": 3184116.05, "trend": 50.991194, "fair_value": 41.152623, "relative_strength": -1.248954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.014565, "energy": 66.697991, "activity_lines": [ 54.409487, 53.550593, 52.710407, 52.004968 ] }, { "date": "2024-07-19", "close": 57.616699, "volume": 2738137, "typical_volume": 3205214.5, "trend": 51.274263, "fair_value": 41.348478, "relative_strength": 5.808797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.324422, "energy": 79.524664, "activity_lines": [ 55.735614, 54.400865, 53.232926, 52.43242 ] }, { "date": "2024-07-26", "close": 62.591883, "volume": 3772609, "typical_volume": 3285784.35, "trend": 51.703537, "fair_value": 41.577164, "relative_strength": 17.365634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.17105, "energy": 91.626166, "activity_lines": [ 58.333078, 56.028464, 54.18556, 53.162589 ] }, { "date": "2024-08-02", "close": 62.565373, "volume": 2539668, "typical_volume": 3123387.7, "trend": 52.191987, "fair_value": 41.807015, "relative_strength": 20.365636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.031491, "energy": 94.067974, "activity_lines": [ 60.181762, 57.447994, 55.076698, 53.863353 ] }, { "date": "2024-08-09", "close": 62.837081, "volume": 2131862, "typical_volume": 3087417.4, "trend": 52.701044, "fair_value": 42.037669, "relative_strength": 19.869523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.786595, "energy": 91.843649, "activity_lines": [ 61.550149, 58.749025, 55.941359, 54.550133 ] }, { "date": "2024-08-16", "close": 63.212388, "volume": 1560418, "typical_volume": 3036199.65, "trend": 53.244556, "fair_value": 42.263656, "relative_strength": 14.014348, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.011584, "energy": 90.063842, "activity_lines": [ 62.527123, 59.96666, 56.79539, 55.228284 ] }, { "date": "2024-08-23", "close": 63.846835, "volume": 1905909, "typical_volume": 2784049.6, "trend": 53.751177, "fair_value": 42.494007, "relative_strength": 13.586501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.524093, "energy": 87.966689, "activity_lines": [ 63.221173, 61.083993, 57.652093, 55.912302 ] }, { "date": "2024-08-30", "close": 64.374051, "volume": 1623395, "typical_volume": 2712004.35, "trend": 54.24942, "fair_value": 42.726996, "relative_strength": 14.949584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.986155, "energy": 80.574375, "activity_lines": [ 63.67562, 62.078347, 58.514977, 56.597649 ] }, { "date": "2024-09-06", "close": 61.666481, "volume": 2283884, "typical_volume": 2646314.2, "trend": 54.69734, "fair_value": 42.94797, "relative_strength": 16.476862, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.319964, "energy": 63.468355, "activity_lines": [ 63.108731, 62.34621, 59.063369, 57.076169 ] }, { "date": "2024-09-13", "close": 61.997108, "volume": 2369357, "typical_volume": 2604884.85, "trend": 55.105211, "fair_value": 43.16948, "relative_strength": 10.14021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.176215, "energy": 56.347983, "activity_lines": [ 62.711978, 62.534841, 59.597987, 57.547122 ] }, { "date": "2024-09-20", "close": 66.777802, "volume": 3137347, "typical_volume": 2599906.5, "trend": 55.66969, "fair_value": 43.416938, "relative_strength": 16.49068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.257721, "energy": 62.844516, "activity_lines": [ 63.964788, 63.467092, 60.52776, 58.300192 ] }, { "date": "2024-09-27", "close": 66.706315, "volume": 3299559, "typical_volume": 2658577.0, "trend": 56.27866, "fair_value": 43.669081, "relative_strength": 14.818175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.488771, "energy": 62.067213, "activity_lines": [ 64.956075, 64.186682, 61.371753, 59.012233 ] }, { "date": "2024-10-04", "close": 75.570704, "volume": 4984481, "typical_volume": 2802353.3, "trend": 57.124083, "fair_value": 43.981904, "relative_strength": 28.986977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.051662, "energy": 81.568452, "activity_lines": [ 68.711526, 66.352713, 62.983363, 60.256881 ] }, { "date": "2024-10-11", "close": 80.824999, "volume": 4263629, "typical_volume": 2873022.45, "trend": 58.099221, "fair_value": 44.326678, "relative_strength": 35.281533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.948546, "energy": 96.681471, "activity_lines": [ 73.471965, 69.238092, 64.980345, 61.785972 ] }, { "date": "2024-10-18", "close": 82.889187, "volume": 2580976, "typical_volume": 2810458.05, "trend": 59.09224, "fair_value": 44.680233, "relative_strength": 37.230801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.032123, "energy": 96.890362, "activity_lines": [ 77.643232, 72.166785, 67.042992, 63.385325 ] }, { "date": "2024-10-25", "close": 79.91354, "volume": 3110202, "typical_volume": 2841864.5, "trend": 60.053199, "fair_value": 45.014169, "relative_strength": 31.121988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.911781, "energy": 90.359444, "activity_lines": [ 79.429811, 74.189868, 68.687044, 64.728634 ] }, { "date": "2024-11-01", "close": 78.731646, "volume": 1929064, "typical_volume": 2853606.6, "trend": 60.857576, "fair_value": 45.336622, "relative_strength": 30.376826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.488216, "energy": 88.475374, "activity_lines": [ 79.94671, 75.694403, 70.082524, 65.933695 ] }, { "date": "2024-11-08", "close": 82.20231, "volume": 2509691, "typical_volume": 2699963.75, "trend": 61.848242, "fair_value": 45.683747, "relative_strength": 28.150263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.169719, "energy": 83.220364, "activity_lines": [ 80.818808, 77.559335, 71.68035, 67.310775 ] }, { "date": "2024-11-15", "close": 81.732324, "volume": 1941031, "typical_volume": 2594881.5, "trend": 62.833948, "fair_value": 46.025682, "relative_strength": 30.808882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.154375, "energy": 67.708441, "activity_lines": [ 81.092138, 79.014665, 73.087179, 68.593619 ] }, { "date": "2024-11-22", "close": 86.730441, "volume": 2105197, "typical_volume": 2631896.65, "trend": 64.079429, "fair_value": 46.399113, "relative_strength": 34.954176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.894857, "energy": 72.186865, "activity_lines": [ 82.971018, 81.01391, 74.837971, 70.135328 ] }, { "date": "2024-11-29", "close": 88.221742, "volume": 1725774, "typical_volume": 2625609.5, "trend": 65.347031, "fair_value": 46.787791, "relative_strength": 34.926578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.322888, "energy": 71.788144, "activity_lines": [ 85.090914, 82.834604, 76.580121, 71.692897 ] }, { "date": "2024-12-06", "close": 89.67689, "volume": 2108526, "typical_volume": 2594128.95, "trend": 66.648999, "fair_value": 47.18362, "relative_strength": 31.698251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.857172, "energy": 71.161074, "activity_lines": [ 87.14198, 84.52998, 78.306449, 73.262565 ] }, { "date": "2024-12-13", "close": 97.720876, "volume": 2961799, "typical_volume": 2553588.45, "trend": 68.192589, "fair_value": 47.63136, "relative_strength": 41.05474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.362268, "energy": 79.603607, "activity_lines": [ 91.144691, 87.270252, 80.646203, 75.267202 ] }, { "date": "2024-12-20", "close": 92.993905, "volume": 5126027, "typical_volume": 2682906.4, "trend": 69.514692, "fair_value": 48.047018, "relative_strength": 36.132402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.99688, "energy": 68.216498, "activity_lines": [ 92.537175, 88.748345, 82.368489, 76.867287 ] }, { "date": "2024-12-27", "close": 91.412222, "volume": 1860687, "typical_volume": 2669347.65, "trend": 70.745191, "fair_value": 48.450065, "relative_strength": 31.593394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.218454, "energy": 66.109025, "activity_lines": [ 92.651659, 89.717606, 83.79524, 78.280031 ] }, { "date": "2025-01-03", "close": 97.196662, "volume": 1631830, "typical_volume": 2672918.25, "trend": 72.273369, "fair_value": 48.880844, "relative_strength": 39.661808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.219699, "energy": 70.642948, "activity_lines": [ 94.38217, 91.583619, 85.636819, 79.986578 ] }, { "date": "2025-01-10", "close": 92.126239, "volume": 4422552, "typical_volume": 2798750.4, "trend": 73.617215, "fair_value": 49.267994, "relative_strength": 34.103386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.205465, "energy": 61.235283, "activity_lines": [ 93.824213, 92.213498, 86.83367, 81.267408 ] }, { "date": "2025-01-17", "close": 102.700917, "volume": 4206055, "typical_volume": 2927883.4, "trend": 75.324155, "fair_value": 49.724216, "relative_strength": 43.598176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.326682, "energy": 68.895926, "activity_lines": [ 96.627858, 94.522509, 88.902969, 83.143776 ] }, { "date": "2025-01-24", "close": 96.437454, "volume": 2506106, "typical_volume": 2938994.5, "trend": 76.738657, "fair_value": 50.147409, "relative_strength": 31.601854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.557559, "energy": 58.348311, "activity_lines": [ 97.01168, 95.320005, 90.19324, 84.505924 ] }, { "date": "2025-01-31", "close": 98.814173, "volume": 4638497, "typical_volume": 3052451.5, "trend": 78.196151, "fair_value": 50.576787, "relative_strength": 35.361194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.89091, "energy": 54.451553, "activity_lines": [ 97.958171, 96.282267, 91.544288, 85.930151 ] }, { "date": "2025-02-07", "close": 99.180491, "volume": 4159357, "typical_volume": 3103552.0, "trend": 79.642291, "fair_value": 51.000601, "relative_strength": 34.24637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.669158, "energy": 54.679623, "activity_lines": [ 98.533305, 97.091427, 92.754905, 87.283979 ] }, { "date": "2025-02-14", "close": 87.09201, "volume": 5682019, "typical_volume": 3222675.0, "trend": 80.624802, "fair_value": 51.347666, "relative_strength": 13.841436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.098016, "energy": 29.023995, "activity_lines": [ 94.946691, 95.503432, 92.659939, 87.764606 ] }, { "date": "2025-02-21", "close": 83.373886, "volume": 5425637, "typical_volume": 3244732.8, "trend": 81.317535, "fair_value": 51.663727, "relative_strength": 10.826718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.476793, "energy": 14.916045, "activity_lines": [ 90.456316, 93.286413, 92.113791, 87.941967 ] }, { "date": "2025-02-28", "close": 82.77862, "volume": 5652531, "typical_volume": 3314177.9, "trend": 81.99131, "fair_value": 51.971422, "relative_strength": 13.099028, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.309882, "energy": 16.162617, "activity_lines": [ 87.055989, 91.222017, 91.473793, 88.03623 ] }, { "date": "2025-03-07", "close": 79.838921, "volume": 5616793, "typical_volume": 3465968.75, "trend": 82.558038, "fair_value": 52.268828, "relative_strength": 12.008355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.222513, "energy": 26.689576, "activity_lines": [ 83.58635, 88.808863, 90.544521, 87.897366 ] }, { "date": "2025-03-14", "close": 76.038376, "volume": 4779746, "typical_volume": 3549445.95, "trend": 82.985571, "fair_value": 52.500331, "relative_strength": 8.811518, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.51963, "energy": 42.207375, "activity_lines": [ 80.11488, 85.915125, 89.267818, 87.476743 ] }, { "date": "2025-03-21", "close": 81.688825, "volume": 6286504, "typical_volume": 3767317.95, "trend": 83.580304, "fair_value": 52.775373, "relative_strength": 15.840051, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.07371, "energy": 45.093356, "activity_lines": [ 80.069701, 84.433437, 88.547706, 87.393082 ] }, { "date": "2025-03-28", "close": 83.346412, "volume": 3532862, "typical_volume": 3818476.5, "trend": 84.212716, "fair_value": 53.019352, "relative_strength": 20.039158, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.079499, "energy": 38.584336, "activity_lines": [ 80.937263, 83.442899, 87.971377, 87.377992 ] }, { "date": "2025-04-04", "close": 84.518629, "volume": 4494810, "typical_volume": 3946165.45, "trend": 84.974454, "fair_value": 53.285533, "relative_strength": 33.745827, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.614975, "energy": 19.715349, "activity_lines": [ 82.197396, 83.017392, 87.50124, 87.397729 ] }, { "date": "2025-04-11", "close": 90.654448, "volume": 9190695, "typical_volume": 4300440.35, "trend": 85.929699, "fair_value": 53.597821, "relative_strength": 32.095417, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.201333, "energy": 5.57196, "activity_lines": [ 85.386801, 83.924195, 87.602198, 87.76418 ] }, { "date": "2025-04-18", "close": 83.785993, "volume": 6913704, "typical_volume": 4559836.85, "trend": 86.496639, "fair_value": 53.855398, "relative_strength": 23.938655, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.662995, "energy": 7.904516, "activity_lines": [ 85.565686, 83.730546, 87.030332, 87.625876 ] }, { "date": "2025-04-25", "close": 86.826429, "volume": 5354567, "typical_volume": 4722138.9, "trend": 87.167309, "fair_value": 54.145642, "relative_strength": 19.665485, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.315509, "energy": 7.901915, "activity_lines": [ 86.241542, 84.369604, 86.769154, 87.647153 ] }, { "date": "2025-05-02", "close": 88.235812, "volume": 4875915, "typical_volume": 4817844.7, "trend": 87.589479, "fair_value": 54.452752, "relative_strength": 16.61765, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.814404, "energy": 10.290903, "activity_lines": [ 87.044685, 85.269742, 86.655777, 87.716089 ] }, { "date": "2025-05-09", "close": 86.640331, "volume": 4881543, "typical_volume": 4805620.5, "trend": 87.783324, "fair_value": 54.756971, "relative_strength": 13.828961, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.793525, "energy": 12.630722, "activity_lines": [ 86.990042, 85.791393, 86.435616, 87.654853 ] }, { "date": "2025-05-16", "close": 94.627234, "volume": 4375173, "typical_volume": 4931344.8, "trend": 88.174592, "fair_value": 55.134943, "relative_strength": 15.374344, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.564338, "energy": 19.946273, "activity_lines": [ 89.456252, 87.694996, 87.006367, 88.096396 ] }, { "date": "2025-05-23", "close": 90.315636, "volume": 3521912, "typical_volume": 5025848.9, "trend": 88.521328, "fair_value": 55.475163, "relative_strength": 11.946739, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.648813, "energy": 18.956362, "activity_lines": [ 90.220411, 88.545794, 87.151181, 88.234528 ] }, { "date": "2025-05-30", "close": 91.10388, "volume": 2456050, "typical_volume": 4927523.8, "trend": 88.933736, "fair_value": 55.825989, "relative_strength": 10.057299, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.959929, "energy": 26.402087, "activity_lines": [ 90.812008, 89.280322, 87.403832, 88.401144 ] }, { "date": "2025-06-06", "close": 93.1932, "volume": 3042991, "typical_volume": 4869370.6, "trend": 89.300099, "fair_value": 56.199972, "relative_strength": 9.436496, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.188041, "energy": 38.887288, "activity_lines": [ 91.814882, 90.223544, 87.860335, 88.675948 ] }, { "date": "2025-06-13", "close": 91.531241, "volume": 3257134, "typical_volume": 4906922.0, "trend": 89.62673, "fair_value": 56.557156, "relative_strength": 7.25538, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.306015, "energy": 28.495053, "activity_lines": [ 91.933277, 90.685559, 88.20383, 88.819893 ] }, { "date": "2025-06-20", "close": 96.963475, "volume": 3701637, "typical_volume": 4860079.0, "trend": 89.967831, "fair_value": 56.933745, "relative_strength": 12.63021, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.444314, "energy": 38.514558, "activity_lines": [ 93.536356, 92.00775, 89.088044, 89.293231 ] }, { "date": "2025-06-27", "close": 94.171382, "volume": 4702534, "typical_volume": 4887237.85, "trend": 90.166152, "fair_value": 57.288818, "relative_strength": 4.310168, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.145151, "energy": 35.933209, "activity_lines": [ 94.052988, 92.707579, 89.715158, 89.564428 ] }, { "date": "2025-07-04", "close": 97.723228, "volume": 3146308, "typical_volume": 4760452.3, "trend": 90.434364, "fair_value": 57.654614, "relative_strength": 5.870692, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.37436, "energy": 43.246663, "activity_lines": [ 95.496518, 93.864373, 90.704395, 90.051981 ] }, { "date": "2025-07-11", "close": 95.462962, "volume": 3023784, "typical_volume": 4640359.65, "trend": 90.3591, "fair_value": 58.00369, "relative_strength": 3.095694, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.611072, "energy": 56.653278, "activity_lines": [ 95.745337, 94.412086, 91.427744, 90.376407 ] }, { "date": "2025-07-18", "close": 100.610289, "volume": 3939687, "typical_volume": 4554717.45, "trend": 90.612979, "fair_value": 58.380755, "relative_strength": 6.584344, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.588405, "energy": 66.813062, "activity_lines": [ 97.558614, 95.764274, 92.583747, 91.037774 ] }, { "date": "2025-07-25", "close": 99.641604, "volume": 8792050, "typical_volume": 4713480.3, "trend": 90.887292, "fair_value": 58.762422, "relative_strength": 4.129738, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.949666, "energy": 57.087645, "activity_lines": [ 98.443727, 96.686337, 93.562582, 91.620266 ] }, { "date": "2025-08-01", "close": 102.45269, "volume": 5495500, "typical_volume": 4749268.0, "trend": 91.062493, "fair_value": 59.158336, "relative_strength": 8.926697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.916919, "energy": 56.980096, "activity_lines": [ 100.087326, 98.028338, 94.714842, 92.366421 ] }, { "date": "2025-08-08", "close": 104.644419, "volume": 4151336, "typical_volume": 4642509.6, "trend": 91.479766, "fair_value": 59.553815, "relative_strength": 6.748504, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.956172, "energy": 62.813187, "activity_lines": [ 101.909414, 99.54816, 95.950054, 93.242674 ] }, { "date": "2025-08-15", "close": 107.470809, "volume": 3833582, "typical_volume": 4657545.6, "trend": 91.638762, "fair_value": 59.962433, "relative_strength": 8.462129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.317467, "energy": 67.134725, "activity_lines": [ 104.212219, 101.33568, 97.345135, 94.274354 ] }, { "date": "2025-08-22", "close": 112.705943, "volume": 3636180, "typical_volume": 4614614.1, "trend": 92.181045, "fair_value": 60.409085, "relative_strength": 14.004944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.655106, "energy": 82.040382, "activity_lines": [ 107.459546, 103.81545, 99.123921, 95.633527 ] }, { "date": "2025-08-29", "close": 112.317436, "volume": 2770414, "typical_volume": 4293600.05, "trend": 92.631154, "fair_value": 60.85722, "relative_strength": 13.156769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.64977, "energy": 82.10883, "activity_lines": [ 109.770994, 105.839587, 100.731482, 96.932649 ] }, { "date": "2025-09-05", "close": 110.559441, "volume": 3088967, "typical_volume": 4102363.2, "trend": 93.010452, "fair_value": 61.274572, "relative_strength": 9.64033, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.360052, "energy": 74.773309, "activity_lines": [ 110.651388, 107.264926, 102.068457, 98.089313 ] }, { "date": "2025-09-12", "close": 107.461096, "volume": 2885026, "typical_volume": 3978886.15, "trend": 93.689422, "fair_value": 61.677494, "relative_strength": 4.047615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.440649, "energy": 54.633291, "activity_lines": [ 109.95855, 107.828965, 102.982859, 99.021612 ] }, { "date": "2025-09-19", "close": 97.126804, "volume": 5216057, "typical_volume": 3995893.25, "trend": 94.147852, "fair_value": 61.995461, "relative_strength": -8.17888, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.341576, "energy": 28.606451, "activity_lines": [ 105.633169, 106.33699, 102.814783, 99.243379 ] }, { "date": "2025-09-26", "close": 95.601913, "volume": 6300284, "typical_volume": 4066830.3, "trend": 94.575295, "fair_value": 62.328699, "relative_strength": -9.435662, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.107572, "energy": 17.489498, "activity_lines": [ 101.489092, 104.53751, 102.459141, 99.337189 ] }, { "date": "2025-10-03", "close": 89.90057, "volume": 8870690, "typical_volume": 4291606.15, "trend": 94.910684, "fair_value": 62.635249, "relative_strength": -15.791885, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.60764, "energy": 21.680515, "activity_lines": [ 96.584836, 101.792483, 101.51784, 99.035594 ] }, { "date": "2025-10-10", "close": 91.716841, "volume": 6306649, "typical_volume": 4430843.0, "trend": 95.433299, "fair_value": 62.923164, "relative_strength": -12.009859, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.976357, "energy": 36.05066, "activity_lines": [ 93.780462, 99.554798, 100.772025, 98.82954 ] }, { "date": "2025-10-17", "close": 91.843106, "volume": 4437543, "typical_volume": 4529917.65, "trend": 95.771775, "fair_value": 63.216716, "relative_strength": -13.839862, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.68548, "energy": 38.706915, "activity_lines": [ 92.274349, 97.535266, 100.031562, 98.597915 ] }, { "date": "2025-10-24", "close": 87.423836, "volume": 4462595, "typical_volume": 4600897.85, "trend": 95.907689, "fair_value": 63.486995, "relative_strength": -19.556088, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.021083, "energy": 62.12739, "activity_lines": [ 90.336345, 94.944983, 98.866697, 98.059338 ] }, { "date": "2025-10-31", "close": 86.619336, "volume": 4782627, "typical_volume": 4677172.5, "trend": 95.977713, "fair_value": 63.749005, "relative_strength": -21.601589, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.553881, "energy": 63.118974, "activity_lines": [ 88.77704, 92.572917, 97.652685, 97.460089 ] }, { "date": "2025-11-07", "close": 87.526965, "volume": 3994867, "typical_volume": 4691834.0, "trend": 95.873463, "fair_value": 64.035556, "relative_strength": -18.11457, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.077001, "energy": 62.326654, "activity_lines": [ 88.119115, 90.840176, 96.548505, 96.91488 ] }, { "date": "2025-11-14", "close": 89.253432, "volume": 3346859, "typical_volume": 4624050.25, "trend": 96.055711, "fair_value": 64.335011, "relative_strength": -16.205147, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.825071, "energy": 55.546141, "activity_lines": [ 88.19492, 89.872075, 95.653686, 96.487781 ] }, { "date": "2025-11-21", "close": 85.208565, "volume": 3872166, "typical_volume": 4660343.15, "trend": 96.001783, "fair_value": 64.58609, "relative_strength": -17.20051, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.036043, "energy": 62.368437, "activity_lines": [ 87.086664, 88.555925, 94.39706, 95.787965 ] }, { "date": "2025-11-28", "close": 82.199579, "volume": 3184965, "typical_volume": 4668402.2, "trend": 95.800575, "fair_value": 64.810534, "relative_strength": -23.540472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.945886, "energy": 65.735961, "activity_lines": [ 85.417714, 87.097278, 92.913458, 94.8975 ] }, { "date": "2025-12-05", "close": 83.570888, "volume": 5060155, "typical_volume": 4724425.6, "trend": 95.69826, "fair_value": 65.049559, "relative_strength": -22.717053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.67291, "energy": 62.670412, "activity_lines": [ 84.554152, 86.159364, 91.623615, 94.108488 ] }, { "date": "2025-12-12", "close": 85.721573, "volume": 4611411, "typical_volume": 4515393.65, "trend": 95.401405, "fair_value": 65.292805, "relative_strength": -18.785182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.267674, "energy": 60.715381, "activity_lines": [ 84.610714, 85.83123, 90.61974, 93.464831 ] }, { "date": "2025-12-19", "close": 84.547575, "volume": 5637606, "typical_volume": 4522498.95, "trend": 95.209136, "fair_value": 65.505058, "relative_strength": -19.955835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.726519, "energy": 58.140436, "activity_lines": [ 84.396304, 85.365623, 89.570341, 92.764584 ] }, { "date": "2025-12-26", "close": 80.877599, "volume": 3198860, "typical_volume": 4474875.15, "trend": 94.86826, "fair_value": 65.74572, "relative_strength": -23.972917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.071185, "energy": 62.627457, "activity_lines": [ 83.272291, 84.363098, 88.256683, 91.839969 ] }, { "date": "2026-01-02", "close": 77.414798, "volume": 4573277, "typical_volume": 4511859.9, "trend": 94.342313, "fair_value": 65.961633, "relative_strength": -25.427404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.105789, "energy": 82.625717, "activity_lines": [ 81.282743, 82.930346, 86.72641, 90.713939 ] }, { "date": "2026-01-09", "close": 72.699076, "volume": 10965082, "typical_volume": 4878305.0, "trend": 93.714574, "fair_value": 66.151654, "relative_strength": -30.960247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.259801, "energy": 90.151729, "activity_lines": [ 78.040273, 80.822172, 84.890145, 89.317601 ] }, { "date": "2026-01-16", "close": 76.872194, "volume": 9121235, "typical_volume": 5195846.05, "trend": 93.044865, "fair_value": 66.365518, "relative_strength": -25.734071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.544959, "energy": 81.770719, "activity_lines": [ 76.913629, 79.725843, 83.641828, 88.230996 ] }, { "date": "2026-01-23", "close": 79.4175, "volume": 6300912, "typical_volume": 5356443.3, "trend": 92.553069, "fair_value": 66.586802, "relative_strength": -22.96176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.692053, "energy": 72.165145, "activity_lines": [ 77.22538, 79.28602, 82.804708, 87.351811 ] }, { "date": "2026-01-30", "close": 83.134648, "volume": 7270582, "typical_volume": 5575721.1, "trend": 92.066783, "fair_value": 66.834843, "relative_strength": -18.712623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.338088, "energy": 51.010823, "activity_lines": [ 79.118185, 79.700877, 82.469897, 86.744171 ] }, { "date": "2026-02-06", "close": 82.139381, "volume": 5766054, "typical_volume": 5603220.95, "trend": 91.622664, "fair_value": 67.08095, "relative_strength": -17.537047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.940855, "energy": 31.094906, "activity_lines": [ 80.528764, 79.972484, 82.156139, 86.103693 ] }, { "date": "2026-02-13", "close": 83.045074, "volume": 5533257, "typical_volume": 5564869.6, "trend": 91.037156, "fair_value": 67.292382, "relative_strength": -15.311083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.42875, "energy": 22.923609, "activity_lines": [ 81.926269, 80.409857, 82.000006, 85.5503 ] }, { "date": "2026-02-20", "close": 83.413323, "volume": 3351880, "typical_volume": 5288929.1, "trend": 90.496214, "fair_value": 67.521708, "relative_strength": -15.676601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.972407, "energy": 23.181162, "activity_lines": [ 82.75679, 80.923744, 81.938739, 85.05844 ] }, { "date": "2026-02-27", "close": 86.697704, "volume": 3925149, "typical_volume": 5169854.1, "trend": 89.971047, "fair_value": 67.779305, "relative_strength": -11.918609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.139181, "energy": 17.013161, "activity_lines": [ 84.24603, 82.07676, 82.221162, 84.813375 ] }, { "date": "2026-03-06", "close": 89.414783, "volume": 4332095, "typical_volume": 5164581.7, "trend": 89.463393, "fair_value": 68.059183, "relative_strength": -7.862285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.35442, "energy": 19.322222, "activity_lines": [ 86.155615, 83.684697, 82.786255, 84.777487 ] }, { "date": "2026-03-13", "close": 87.434201, "volume": 3410539, "typical_volume": 5111978.9, "trend": 88.795506, "fair_value": 68.334681, "relative_strength": -8.857544, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.403906, "energy": 19.151933, "activity_lines": [ 86.986331, 84.777306, 83.174284, 84.646571 ] }, { "date": "2026-03-20", "close": 77.979165, "volume": 6416491, "typical_volume": 5193672.1, "trend": 87.637947, "fair_value": 68.549726, "relative_strength": -16.720788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.395051, "energy": 17.552312, "activity_lines": [ 84.312381, 83.968648, 82.661785, 83.948743 ] }, { "date": "2026-03-27", "close": 76.754987, "volume": 4149134, "typical_volume": 5201385.45, "trend": 86.452532, "fair_value": 68.723295, "relative_strength": -14.866906, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.151102, "energy": 23.84646, "activity_lines": [ 81.568098, 82.841409, 82.073841, 83.246617 ] }, { "date": "2026-04-03", "close": 77.730349, "volume": 6774355, "typical_volume": 5372760.25, "trend": 85.358229, "fair_value": 68.930234, "relative_strength": -16.403811, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.87623, "energy": 33.464478, "activity_lines": [ 79.592825, 81.893641, 81.630083, 82.683895 ] }, { "date": "2026-04-10", "close": 75.471093, "volume": 4434798, "typical_volume": 5400891.85, "trend": 84.291895, "fair_value": 69.124495, "relative_strength": -21.568779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.509632, "energy": 52.493889, "activity_lines": [ 77.46229, 80.565774, 81.02603, 82.046015 ] }, { "date": "2026-04-17", "close": 76.237448, "volume": 3897660, "typical_volume": 5436526.6, "trend": 83.595583, "fair_value": 69.327957, "relative_strength": -24.7229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.09755, "energy": 65.290294, "activity_lines": [ 76.516787, 79.516581, 80.541333, 81.526374 ] }, { "date": "2026-04-24", "close": 75.879152, "volume": 3358172, "typical_volume": 5351427.45, "trend": 82.938158, "fair_value": 69.554961, "relative_strength": -26.052652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.634251, "energy": 64.148967, "activity_lines": [ 76.198301, 78.509552, 80.050903, 81.028539 ] }, { "date": "2026-05-01", "close": 76.25, "volume": 3166934, "typical_volume": 5279203.6, "trend": 82.483139, "fair_value": 69.768395, "relative_strength": -26.198263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.192801, "energy": 56.143804, "activity_lines": [ 76.143432, 77.700239, 79.632419, 80.597045 ] }, { "date": "2026-05-08", "close": 76.09, "volume": 3003947, "typical_volume": 5147520.65, "trend": 81.962244, "fair_value": 69.999207, "relative_strength": -29.563185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.872485, "energy": 40.901882, "activity_lines": [ 76.068896, 76.992078, 79.243799, 80.184585 ] }, { "date": "2026-05-15", "close": 76.88, "volume": 5189933, "typical_volume": 5247074.3, "trend": 81.463474, "fair_value": 70.22924, "relative_strength": -27.928699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.18887, "energy": 33.70583, "activity_lines": [ 76.36705, 76.62042, 78.970692, 79.856698 ] }, { "date": "2026-05-22", "close": 77.01, "volume": 3347669, "typical_volume": 5185793.9, "trend": 81.116346, "fair_value": 70.457376, "relative_strength": -28.022873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.816826, "energy": 25.983827, "activity_lines": [ 76.61461, 76.500304, 78.729002, 79.569377 ] }, { "date": "2026-05-29", "close": 74.72, "volume": 3144877, "typical_volume": 4794783.65, "trend": 80.719702, "fair_value": 70.676621, "relative_strength": -31.465419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.513452, "energy": 31.920909, "activity_lines": [ 76.047333, 76.153355, 78.271145, 79.15671 ] }, { "date": "2026-06-05", "close": 75.65, "volume": 3444900, "typical_volume": 4510966.9, "trend": 80.323803, "fair_value": 70.891725, "relative_strength": -26.679232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.721583, "energy": 29.277659, "activity_lines": [ 75.867333, 76.034754, 77.892235, 78.829632 ] }, { "date": "2026-06-12", "close": 78.1, "volume": 3177702, "typical_volume": 4354806.4, "trend": 79.952022, "fair_value": 71.131763, "relative_strength": -25.365045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.579043, "energy": 21.110771, "activity_lines": [ 76.544, 76.381699, 77.752479, 78.686161 ] }, { "date": "2026-06-19", "close": 77.73, "volume": 2906556, "typical_volume": 4136605.1, "trend": 79.702736, "fair_value": 71.387451, "relative_strength": -26.879029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.131998, "energy": 19.463411, "activity_lines": [ 76.963333, 76.65465, 77.583759, 78.542805 ] }, { "date": "2026-06-26", "close": 80.23, "volume": 5690757, "typical_volume": 4132840.25, "trend": 79.637084, "fair_value": 71.655997, "relative_strength": -20.343862, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.484913, "energy": 12.798442, "activity_lines": [ 78.159333, 77.341075, 77.67887, 78.576822 ] }, { "date": "2026-07-03", "close": 83.85, "volume": 3407041, "typical_volume": 4026529.45, "trend": 79.646387, "fair_value": 71.952609, "relative_strength": -16.801572, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.600129, "energy": 25.406106, "activity_lines": [ 80.347333, 78.613091, 78.127835, 78.848623 ] }, { "date": "2026-07-10", "close": 88.34, "volume": 3650880, "typical_volume": 4041479.45, "trend": 79.733668, "fair_value": 72.280078, "relative_strength": -13.303509, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.758638, "energy": 57.036315, "activity_lines": [ 83.423333, 80.556545, 79.000586, 79.409501 ] }, { "date": "2026-07-17", "close": 88.55, "volume": 5142058, "typical_volume": 4102324.9, "trend": 79.867082, "fair_value": 72.606818, "relative_strength": -8.668099, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.044062, "energy": 72.166939, "activity_lines": [ 85.723333, 82.318364, 79.869878, 79.978296 ] }, { "date": "2026-07-24", "close": 90.32, "volume": 6603527, "typical_volume": 4215896.5, "trend": 80.181829, "fair_value": 72.933326, "relative_strength": -4.745622, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.303938, "energy": 79.198801, "activity_lines": [ 87.916667, 84.175455, 80.89892, 80.652678 ] }, { "date": "2026-07-31", "close": 87.78, "volume": 5451586, "typical_volume": 4317948.85, "trend": 80.527336, "fair_value": 73.244508, "relative_strength": -7.182425, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.071713, "energy": 72.223518, "activity_lines": [ 88.424, 85.326364, 81.681746, 81.142883 ] }, { "date": "2026-08-07", "close": 85.08, "volume": 3661654, "typical_volume": 4180207.0, "trend": 80.940033, "fair_value": 73.531776, "relative_strength": -13.610025, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.906438, "energy": 47.667906, "activity_lines": [ 87.528, 85.790545, 82.205783, 81.436603 ] } ], "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." } } }