{ "ticker": { "uuid": "e6773f02-06a1-494d-bbf1-5f49e14d32bc", "symbol": "EVK", "name": "Evonik Industries AG", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 90.132, "architecture_energy": 95.199, "architecture_maturity": 18.246, "architecture_confidence": 57.969, "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": 10.96, "rotation_up": 85.74, "upward_expansion": 97.6, "deceleration": 41.84, "rotation_down": 8.25, "downward_expansion": 21.93 }, "activity_lines": [ 17.436, 16.917272, 16.575381, 16.244049 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 18.08, "trend_reference": 15.679875, "distance_from_trend": 0.15307, "trend_direction": "Improving", "fair_value": 16.513741, "distance_from_fair_value": 0.094846, "fair_value_direction": "Improving", "relative_strength": -3.087493, "relative_strength_direction": "Improving", "price_momentum": 0.211796, "excess_performance": 0.037549, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.15307, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.073385, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.094846, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.099271, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030875, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.089339, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.211796, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.235689, "read": "Supply-led" } ], "volume": { "latest": 634, "relative_activity": 0.778535, "balance": 0.235689, "dry_up": 0.280592, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.030063, "annualized_volatility": 0.33703, "from_high_reference": -0.000553, "from_low_reference": 0.43606 }, "levels": { "trend_reference": 15.679875, "fair_value_reference": 16.513741, "structural_low": 13.46, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.028417, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.006865, "regime_survival": 0.6, "best_return": 0.074113, "worst_return": -0.145357, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.027253, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": 0.00603, "regime_survival": 0.25, "best_return": 0.113108, "worst_return": -0.225309, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.114702, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.077047, "regime_survival": 0.166667, "best_return": 0.185118, "worst_return": -0.292119, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.108042, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.082052, "regime_survival": 0.25, "best_return": 0.010671, "worst_return": -0.254184, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-23", "tenure": "New", "return": 0.075581, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-01", "tenure": "Developing", "return": 0.010489, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-12-13", "tenure": "Developing", "return": -0.050681, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-14", "tenure": "Developing", "return": 0.204081, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-04-11", "tenure": "Developing", "return": -0.051993, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.073276, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-07-11", "tenure": "Developing", "return": -0.043188, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": -0.025, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2026-01-30", "tenure": "Established", "return": -0.225386, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.025469, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.172138, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-06-05", "tenure": "Developing", "return": -0.005091, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-17", "tenure": "Developing", "return": 0.063091, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.06541, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 15.649446, "volume": 0, "typical_volume": 177.0, "trend": 16.20533, "fair_value": 19.111158, "relative_strength": -0.645678, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.76742, "energy": 14.492392, "activity_lines": [ 16.05926, 16.029471, 16.013587, 16.053135 ] }, { "date": "2023-08-25", "close": 15.379094, "volume": 0, "typical_volume": 177.0, "trend": 16.153872, "fair_value": 19.093576, "relative_strength": -1.681217, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.670988, "energy": 34.153794, "activity_lines": [ 15.785361, 15.935674, 15.951075, 15.99983 ] }, { "date": "2023-09-01", "close": 15.715925, "volume": 0, "typical_volume": 177.0, "trend": 16.0912, "fair_value": 19.080883, "relative_strength": -1.593502, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.922497, "energy": 36.0692, "activity_lines": [ 15.684606, 15.909887, 15.9217, 15.971575 ] }, { "date": "2023-09-08", "close": 15.808997, "volume": 0, "typical_volume": 177.0, "trend": 16.057397, "fair_value": 19.064876, "relative_strength": 0.01207, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.025359, "energy": 40.874123, "activity_lines": [ 15.68697, 15.88402, 15.903236, 15.953369 ] }, { "date": "2023-09-15", "close": 16.105944, "volume": 0, "typical_volume": 177.0, "trend": 16.03848, "fair_value": 19.054488, "relative_strength": 0.669103, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.110318, "energy": 29.673337, "activity_lines": [ 15.821408, 15.906019, 15.914932, 15.956501 ] }, { "date": "2023-09-22", "close": 15.813431, "volume": 0, "typical_volume": 172.0, "trend": 16.007041, "fair_value": 19.048337, "relative_strength": -0.297777, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.280738, "energy": 18.393628, "activity_lines": [ 15.848591, 15.867904, 15.900048, 15.941981 ] }, { "date": "2023-09-29", "close": 15.365796, "volume": 0, "typical_volume": 172.0, "trend": 15.943781, "fair_value": 19.037556, "relative_strength": -3.225554, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.266251, "energy": 28.227398, "activity_lines": [ 15.71563, 15.755733, 15.845598, 15.900611 ] }, { "date": "2023-10-06", "close": 15.161924, "volume": 584, "typical_volume": 201.2, "trend": 15.894227, "fair_value": 19.020286, "relative_strength": -2.932189, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.462469, "energy": 45.907144, "activity_lines": [ 15.515599, 15.623337, 15.775406, 15.850168 ] }, { "date": "2023-10-13", "close": 15.144195, "volume": 0, "typical_volume": 201.2, "trend": 15.885919, "fair_value": 19.004662, "relative_strength": -3.692307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.103875, "energy": 67.430072, "activity_lines": [ 15.346591, 15.517452, 15.708645, 15.801779 ] }, { "date": "2023-10-20", "close": 14.563602, "volume": 0, "typical_volume": 201.2, "trend": 15.861443, "fair_value": 18.990303, "relative_strength": -3.655217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.133601, "energy": 81.18864, "activity_lines": [ 15.028372, 15.327117, 15.592526, 15.716468 ] }, { "date": "2023-10-27", "close": 14.643379, "volume": 0, "typical_volume": 196.2, "trend": 15.813722, "fair_value": 18.982372, "relative_strength": -2.513745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.290863, "energy": 82.365893, "activity_lines": [ 14.839569, 15.176671, 15.492194, 15.637884 ] }, { "date": "2023-11-03", "close": 15.85775, "volume": 0, "typical_volume": 196.2, "trend": 15.822272, "fair_value": 18.977141, "relative_strength": 0.097972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.135765, "energy": 51.996889, "activity_lines": [ 15.133559, 15.265311, 15.513636, 15.640724 ] }, { "date": "2023-11-10", "close": 15.915367, "volume": 0, "typical_volume": 196.2, "trend": 15.814596, "fair_value": 18.966852, "relative_strength": -0.040239, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.501677, "energy": 19.855236, "activity_lines": [ 15.413958, 15.355724, 15.540059, 15.64673 ] }, { "date": "2023-11-17", "close": 16.425051, "volume": 0, "typical_volume": 196.2, "trend": 15.821969, "fair_value": 18.955624, "relative_strength": 0.929581, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.457125, "energy": 16.349206, "activity_lines": [ 15.814022, 15.535181, 15.609621, 15.686114 ] }, { "date": "2023-11-24", "close": 15.777974, "volume": 180, "typical_volume": 205.2, "trend": 15.802093, "fair_value": 18.93316, "relative_strength": -2.442983, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 3.117143, "energy": 22.162085, "activity_lines": [ 15.913004, 15.585786, 15.613019, 15.683276 ] }, { "date": "2023-12-01", "close": 15.410117, "volume": 0, "typical_volume": 67.45, "trend": 15.767185, "fair_value": 18.906234, "relative_strength": -6.447545, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -6.203619, "energy": 17.019354, "activity_lines": [ 15.808408, 15.575472, 15.58113, 15.657987 ] }, { "date": "2023-12-08", "close": 15.494326, "volume": 0, "typical_volume": 67.45, "trend": 15.745751, "fair_value": 18.877551, "relative_strength": -6.05003, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.358007, "energy": 13.129189, "activity_lines": [ 15.680766, 15.587801, 15.561101, 15.640383 ] }, { "date": "2023-12-15", "close": 15.990711, "volume": 0, "typical_volume": 67.45, "trend": 15.737538, "fair_value": 18.848382, "relative_strength": -4.441166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.38691, "energy": 7.213053, "activity_lines": [ 15.742814, 15.688045, 15.592146, 15.656187 ] }, { "date": "2023-12-22", "close": 16.300951, "volume": 430, "typical_volume": 59.7, "trend": 15.734541, "fair_value": 18.820615, "relative_strength": -3.63897, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.056077, "energy": 14.499447, "activity_lines": [ 15.903252, 15.829628, 15.656579, 15.692537 ] }, { "date": "2023-12-29", "close": 16.40732, "volume": 0, "typical_volume": 59.7, "trend": 15.738677, "fair_value": 18.792993, "relative_strength": -3.784924, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.088984, "energy": 35.77615, "activity_lines": [ 16.10742, 15.969518, 15.731164, 15.735942 ] }, { "date": "2024-01-05", "close": 16.221174, "volume": 0, "typical_volume": 59.7, "trend": 15.748428, "fair_value": 18.765204, "relative_strength": -4.629142, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.501572, "energy": 57.848374, "activity_lines": [ 16.207583, 16.042041, 15.785888, 15.76707 ] }, { "date": "2024-01-12", "close": 15.401254, "volume": 430, "typical_volume": 81.2, "trend": 15.736757, "fair_value": 18.732159, "relative_strength": -8.454233, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.926693, "energy": 30.409606, "activity_lines": [ 15.980369, 15.936801, 15.759803, 15.744672 ] }, { "date": "2024-01-19", "close": 14.949187, "volume": 0, "typical_volume": 81.2, "trend": 15.74237, "fair_value": 18.696656, "relative_strength": -9.495177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.807703, "energy": 16.724147, "activity_lines": [ 15.608671, 15.757667, 15.690558, 15.693861 ] }, { "date": "2024-01-26", "close": 15.427845, "volume": 0, "typical_volume": 81.2, "trend": 15.740893, "fair_value": 18.662461, "relative_strength": -9.407668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.183151, "energy": 28.228724, "activity_lines": [ 15.46596, 15.683129, 15.670551, 15.673569 ] }, { "date": "2024-02-02", "close": 15.259428, "volume": 0, "typical_volume": 81.2, "trend": 15.725381, "fair_value": 18.62616, "relative_strength": -9.739583, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.794469, "energy": 42.528987, "activity_lines": [ 15.325318, 15.5961, 15.636318, 15.642507 ] }, { "date": "2024-02-09", "close": 15.0201, "volume": 0, "typical_volume": 81.2, "trend": 15.685493, "fair_value": 18.587102, "relative_strength": -8.843366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.93001, "energy": 61.354673, "activity_lines": [ 15.181425, 15.474985, 15.583324, 15.597005 ] }, { "date": "2024-02-16", "close": 15.348068, "volume": 0, "typical_volume": 81.2, "trend": 15.654026, "fair_value": 18.548436, "relative_strength": -8.063884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.452812, "energy": 52.915639, "activity_lines": [ 15.226927, 15.420592, 15.565343, 15.575236 ] }, { "date": "2024-02-23", "close": 15.352501, "volume": 0, "typical_volume": 52.0, "trend": 15.605864, "fair_value": 18.510531, "relative_strength": -7.328961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.602455, "energy": 45.193615, "activity_lines": [ 15.277452, 15.369665, 15.547868, 15.555782 ] }, { "date": "2024-03-01", "close": 15.179652, "volume": 0, "typical_volume": 52.0, "trend": 15.56834, "fair_value": 18.466433, "relative_strength": -8.063771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.287044, "energy": 38.49415, "activity_lines": [ 15.243473, 15.298914, 15.513024, 15.528285 ] }, { "date": "2024-03-08", "close": 15.113172, "volume": 0, "typical_volume": 52.0, "trend": 15.540123, "fair_value": 18.417704, "relative_strength": -8.336038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.352786, "energy": 33.039021, "activity_lines": [ 15.20388, 15.236462, 15.47168, 15.498919 ] }, { "date": "2024-03-15", "close": 15.104309, "volume": 0, "typical_volume": 52.0, "trend": 15.521951, "fair_value": 18.370679, "relative_strength": -9.059957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.526579, "energy": 36.320535, "activity_lines": [ 15.171084, 15.19593, 15.426874, 15.470802 ] }, { "date": "2024-03-22", "close": 15.915367, "volume": 0, "typical_volume": 52.0, "trend": 15.539827, "fair_value": 18.325038, "relative_strength": -6.433119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.568891, "energy": 10.027909, "activity_lines": [ 15.403026, 15.323169, 15.457117, 15.496184 ] }, { "date": "2024-03-29", "close": 16.243336, "volume": 0, "typical_volume": 52.0, "trend": 15.557408, "fair_value": 18.280523, "relative_strength": -5.332491, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.010239, "energy": 20.710161, "activity_lines": [ 15.706471, 15.500691, 15.518321, 15.541572 ] }, { "date": "2024-04-05", "close": 16.730858, "volume": 0, "typical_volume": 52.0, "trend": 15.588136, "fair_value": 18.24099, "relative_strength": -3.260557, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.995987, "energy": 66.903602, "activity_lines": [ 16.113035, 15.743324, 15.624394, 15.617278 ] }, { "date": "2024-04-12", "close": 16.744154, "volume": 0, "typical_volume": 43.0, "trend": 15.60941, "fair_value": 18.198951, "relative_strength": -2.767952, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.168155, "energy": 82.975509, "activity_lines": [ 16.420617, 15.964683, 15.730277, 15.69186 ] }, { "date": "2024-04-19", "close": 17.072123, "volume": 0, "typical_volume": 43.0, "trend": 15.651366, "fair_value": 18.159993, "relative_strength": -0.30346, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.873266, "energy": 90.094453, "activity_lines": [ 16.72879, 16.218678, 15.862795, 15.786228 ] }, { "date": "2024-04-26", "close": 16.965754, "volume": 0, "typical_volume": 43.0, "trend": 15.704698, "fair_value": 18.126171, "relative_strength": -1.144265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.909093, "energy": 88.734717, "activity_lines": [ 16.870318, 16.416024, 15.977267, 15.871028 ] }, { "date": "2024-05-03", "close": 17.550779, "volume": 0, "typical_volume": 43.0, "trend": 15.784327, "fair_value": 18.092285, "relative_strength": 1.141247, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.186888, "energy": 94.119535, "activity_lines": [ 17.13683, 16.690325, 16.14045, 15.99013 ] }, { "date": "2024-05-10", "close": 17.985119, "volume": 74, "typical_volume": 25.2, "trend": 15.879024, "fair_value": 18.062944, "relative_strength": 1.037624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.504649, "energy": 95.459435, "activity_lines": [ 17.460958, 17.003628, 16.337569, 16.132116 ] }, { "date": "2024-05-17", "close": 17.861021, "volume": 0, "typical_volume": 25.2, "trend": 15.988938, "fair_value": 18.034861, "relative_strength": -1.223021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.555591, "energy": 89.778501, "activity_lines": [ 17.660103, 17.24336, 16.51485, 16.259987 ] }, { "date": "2024-05-24", "close": 17.949663, "volume": 100, "typical_volume": 30.2, "trend": 16.099148, "fair_value": 18.005586, "relative_strength": -0.439257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.996502, "energy": 89.036614, "activity_lines": [ 17.814338, 17.449247, 16.69365, 16.386485 ] }, { "date": "2024-05-31", "close": 17.843292, "volume": 0, "typical_volume": 8.7, "trend": 16.165332, "fair_value": 17.971395, "relative_strength": 0.688426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.843935, "energy": 80.849745, "activity_lines": [ 17.874613, 17.584061, 16.854089, 16.499011 ] }, { "date": "2024-06-07", "close": 17.474039, "volume": 0, "typical_volume": 8.7, "trend": 16.217288, "fair_value": 17.939769, "relative_strength": -0.490381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.964613, "energy": 63.388368, "activity_lines": [ 17.753301, 17.616684, 16.967732, 16.583443 ] }, { "date": "2024-06-14", "close": 17.224344, "volume": 0, "typical_volume": 8.7, "trend": 16.243931, "fair_value": 17.907407, "relative_strength": 1.565036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.028281, "energy": 47.515529, "activity_lines": [ 17.553873, 17.581532, 17.045571, 16.648415 ] }, { "date": "2024-06-21", "close": 17.855652, "volume": 0, "typical_volume": 8.7, "trend": 16.313187, "fair_value": 17.878939, "relative_strength": 3.55608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.708888, "energy": 45.407962, "activity_lines": [ 17.6156, 17.652191, 17.174981, 16.752397 ] }, { "date": "2024-06-28", "close": 17.931032, "volume": 0, "typical_volume": 8.7, "trend": 16.397218, "fair_value": 17.851412, "relative_strength": 3.452039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.67325, "energy": 44.048447, "activity_lines": [ 17.702811, 17.716346, 17.299206, 16.856774 ] }, { "date": "2024-07-05", "close": 18.223129, "volume": 519, "typical_volume": 34.65, "trend": 16.488178, "fair_value": 17.824537, "relative_strength": 2.382053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.694551, "energy": 55.35886, "activity_lines": [ 17.88863, 17.817993, 17.437389, 16.974575 ] }, { "date": "2024-07-12", "close": 17.827383, "volume": 150, "typical_volume": 42.15, "trend": 16.5494, "fair_value": 17.790143, "relative_strength": 0.348113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.626663, "energy": 52.466493, "activity_lines": [ 17.917212, 17.824825, 17.52419, 17.060975 ] }, { "date": "2024-07-19", "close": 17.662491, "volume": 1038, "typical_volume": 94.05, "trend": 16.594785, "fair_value": 17.75459, "relative_strength": 0.459958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.246, "energy": 46.683318, "activity_lines": [ 17.867273, 17.796648, 17.583503, 17.132787 ] }, { "date": "2024-07-26", "close": 17.761427, "volume": 0, "typical_volume": 94.05, "trend": 16.639922, "fair_value": 17.719213, "relative_strength": 1.18233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.752883, "energy": 41.203086, "activity_lines": [ 17.821103, 17.792325, 17.640415, 17.208054 ] }, { "date": "2024-08-02", "close": 17.954588, "volume": 0, "typical_volume": 94.05, "trend": 16.697702, "fair_value": 17.686498, "relative_strength": 6.47836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.968859, "energy": 36.973805, "activity_lines": [ 17.845601, 17.824932, 17.703113, 17.292872 ] }, { "date": "2024-08-09", "close": 17.017048, "volume": 0, "typical_volume": 94.05, "trend": 16.751562, "fair_value": 17.645892, "relative_strength": 0.062171, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.611626, "energy": 14.295077, "activity_lines": [ 17.556016, 17.686989, 17.662948, 17.313475 ] }, { "date": "2024-08-16", "close": 18.011122, "volume": 0, "typical_volume": 94.05, "trend": 16.853627, "fair_value": 17.617455, "relative_strength": 4.009529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.634517, "energy": 22.884933, "activity_lines": [ 17.678194, 17.744808, 17.712211, 17.394736 ] }, { "date": "2024-08-23", "close": 18.303219, "volume": 0, "typical_volume": 94.05, "trend": 16.949472, "fair_value": 17.591297, "relative_strength": 3.910256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.865887, "energy": 34.98259, "activity_lines": [ 17.885489, 17.845972, 17.780874, 17.488259 ] }, { "date": "2024-08-30", "close": 18.863859, "volume": 0, "typical_volume": 94.05, "trend": 17.06962, "fair_value": 17.568173, "relative_strength": 5.89328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.767471, "energy": 48.071611, "activity_lines": [ 18.236948, 18.029453, 17.895445, 17.611767 ] }, { "date": "2024-09-06", "close": 18.477537, "volume": 315, "typical_volume": 109.8, "trend": 17.184868, "fair_value": 17.544353, "relative_strength": 7.971369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.14406, "energy": 66.52023, "activity_lines": [ 18.386138, 18.124364, 17.963129, 17.702601 ] }, { "date": "2024-09-13", "close": 18.812037, "volume": 0, "typical_volume": 109.8, "trend": 17.300334, "fair_value": 17.527202, "relative_strength": 9.202968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.777559, "energy": 76.301153, "activity_lines": [ 18.611965, 18.270156, 18.055978, 17.807579 ] }, { "date": "2024-09-20", "close": 19.297295, "volume": 0, "typical_volume": 109.8, "trend": 17.431827, "fair_value": 17.511585, "relative_strength": 11.478091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.767228, "energy": 84.654834, "activity_lines": [ 18.879878, 18.493469, 18.18625, 17.936416 ] }, { "date": "2024-09-27", "close": 19.966293, "volume": 0, "typical_volume": 106.1, "trend": 17.591381, "fair_value": 17.502952, "relative_strength": 14.033787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.046007, "energy": 89.28653, "activity_lines": [ 19.285046, 18.811693, 18.371919, 18.09993 ] }, { "date": "2024-10-04", "close": 19.890913, "volume": 0, "typical_volume": 106.1, "trend": 17.750639, "fair_value": 17.491903, "relative_strength": 14.519627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.649257, "energy": 91.046513, "activity_lines": [ 19.554216, 19.074324, 18.540975, 18.248286 ] }, { "date": "2024-10-11", "close": 19.8438, "volume": 0, "typical_volume": 101.1, "trend": 17.908622, "fair_value": 17.479078, "relative_strength": 13.765048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.330273, "energy": 88.608774, "activity_lines": [ 19.739211, 19.289671, 18.695878, 18.383329 ] }, { "date": "2024-10-18", "close": 19.956871, "volume": 0, "typical_volume": 101.1, "trend": 18.043339, "fair_value": 17.463876, "relative_strength": 13.695466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.640561, "energy": 87.32007, "activity_lines": [ 19.870812, 19.491227, 18.85253, 18.515474 ] }, { "date": "2024-10-25", "close": 19.382097, "volume": 0, "typical_volume": 101.1, "trend": 18.147965, "fair_value": 17.445244, "relative_strength": 11.536887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.806634, "energy": 60.196834, "activity_lines": [ 19.734499, 19.534828, 18.944377, 18.601846 ] }, { "date": "2024-11-01", "close": 19.061731, "volume": 0, "typical_volume": 101.1, "trend": 18.22566, "fair_value": 17.424457, "relative_strength": 11.201847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.451239, "energy": 44.138738, "activity_lines": [ 19.485745, 19.495253, 18.996627, 18.660798 ] }, { "date": "2024-11-08", "close": 17.2903, "volume": 0, "typical_volume": 101.1, "trend": 18.243865, "fair_value": 17.394094, "relative_strength": 0.2939, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 2.39192, "energy": 16.702137, "activity_lines": [ 18.706817, 19.119809, 18.87142, 18.600452 ] }, { "date": "2024-11-15", "close": 16.866287, "volume": 0, "typical_volume": 101.1, "trend": 18.237004, "fair_value": 17.361368, "relative_strength": -2.216917, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -43.811236, "energy": 47.18814, "activity_lines": [ 17.959926, 18.695881, 18.708523, 18.511576 ] }, { "date": "2024-11-22", "close": 16.564768, "volume": 0, "typical_volume": 75.15, "trend": 18.223638, "fair_value": 17.332608, "relative_strength": -3.272557, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.809598, "energy": 56.677438, "activity_lines": [ 17.31103, 18.246428, 18.521979, 18.40369 ] }, { "date": "2024-11-29", "close": 16.338627, "volume": 0, "typical_volume": 67.65, "trend": 18.183233, "fair_value": 17.301178, "relative_strength": -4.760241, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.321514, "energy": 80.018402, "activity_lines": [ 16.812893, 17.796717, 18.321796, 18.282077 ] }, { "date": "2024-12-06", "close": 16.757929, "volume": 15, "typical_volume": 16.5, "trend": 18.142326, "fair_value": 17.267301, "relative_strength": -3.53107, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.601435, "energy": 77.952768, "activity_lines": [ 16.657422, 17.477037, 18.168635, 18.190122 ] }, { "date": "2024-12-13", "close": 16.414007, "volume": 0, "typical_volume": 16.5, "trend": 18.094093, "fair_value": 17.230253, "relative_strength": -7.082333, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.074994, "energy": 87.96289, "activity_lines": [ 16.540897, 17.15316, 17.987028, 18.078617 ] }, { "date": "2024-12-20", "close": 15.467047, "volume": 0, "typical_volume": 16.5, "trend": 18.011339, "fair_value": 17.185609, "relative_strength": -10.853324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.687913, "energy": 91.949153, "activity_lines": [ 16.167138, 16.720325, 17.72165, 17.90913 ] }, { "date": "2024-12-27", "close": 15.806255, "volume": 0, "typical_volume": 16.5, "trend": 17.943438, "fair_value": 17.141919, "relative_strength": -9.773806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.580213, "energy": 82.634328, "activity_lines": [ 15.999731, 16.428741, 17.500423, 17.766867 ] }, { "date": "2025-01-03", "close": 15.56127, "volume": 0, "typical_volume": 16.5, "trend": 17.879679, "fair_value": 17.09371, "relative_strength": -11.503254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.20375, "energy": 85.138242, "activity_lines": [ 15.80123, 16.16808, 17.261629, 17.613179 ] }, { "date": "2025-01-10", "close": 15.372821, "volume": 0, "typical_volume": 16.5, "trend": 17.817961, "fair_value": 17.045462, "relative_strength": -12.478362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.341802, "energy": 85.716245, "activity_lines": [ 15.591737, 15.942625, 17.016554, 17.451446 ] }, { "date": "2025-01-17", "close": 16.357473, "volume": 2, "typical_volume": 16.6, "trend": 17.768022, "fair_value": 17.003577, "relative_strength": -9.998461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.791698, "energy": 61.82941, "activity_lines": [ 15.802801, 15.963269, 16.87921, 17.357221 ] }, { "date": "2025-01-24", "close": 16.974646, "volume": 0, "typical_volume": 0.85, "trend": 17.736142, "fair_value": 16.964835, "relative_strength": -8.156009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.821672, "energy": 43.879657, "activity_lines": [ 16.223359, 16.113087, 16.812579, 17.306035 ] }, { "date": "2025-01-31", "close": 17.163097, "volume": 0, "typical_volume": 0.85, "trend": 17.700808, "fair_value": 16.926742, "relative_strength": -7.599429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.273592, "energy": 27.329932, "activity_lines": [ 16.606227, 16.295198, 16.771053, 17.269065 ] }, { "date": "2025-02-07", "close": 17.883919, "volume": 0, "typical_volume": 0.85, "trend": 17.702692, "fair_value": 16.89215, "relative_strength": -4.145786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.796335, "energy": 27.380297, "activity_lines": [ 17.138913, 16.597489, 16.806029, 17.280878 ] }, { "date": "2025-02-14", "close": 18.623585, "volume": 0, "typical_volume": 0.85, "trend": 17.734729, "fair_value": 16.86408, "relative_strength": -5.199116, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.896381, "energy": 46.800205, "activity_lines": [ 17.76331, 17.006169, 16.918179, 17.340291 ] }, { "date": "2025-02-21", "close": 17.850941, "volume": 0, "typical_volume": 0.85, "trend": 17.737713, "fair_value": 16.839395, "relative_strength": -8.299734, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.854955, "energy": 40.61527, "activity_lines": [ 17.913443, 17.240447, 16.963138, 17.347788 ] }, { "date": "2025-02-28", "close": 18.091215, "volume": 0, "typical_volume": 0.85, "trend": 17.742267, "fair_value": 16.831453, "relative_strength": -9.239549, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.004392, "energy": 41.751294, "activity_lines": [ 18.044102, 17.492285, 17.040694, 17.370595 ] }, { "date": "2025-03-07", "close": 20.446842, "volume": 0, "typical_volume": 0.85, "trend": 17.856593, "fair_value": 16.840239, "relative_strength": -0.950649, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.02658, "energy": 74.317387, "activity_lines": [ 18.885532, 18.124707, 17.350942, 17.545083 ] }, { "date": "2025-03-14", "close": 20.465685, "volume": 0, "typical_volume": 0.85, "trend": 17.938412, "fair_value": 16.840756, "relative_strength": -1.154749, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.111374, "energy": 76.242946, "activity_lines": [ 19.514327, 18.676181, 17.66065, 17.713412 ] }, { "date": "2025-03-21", "close": 19.966293, "volume": 0, "typical_volume": 0.85, "trend": 17.993848, "fair_value": 16.840055, "relative_strength": -2.754178, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.583284, "energy": 75.828085, "activity_lines": [ 19.80454, 19.047684, 17.917638, 17.844243 ] }, { "date": "2025-03-28", "close": 19.09, "volume": 0, "typical_volume": 0.85, "trend": 18.001386, "fair_value": 16.835007, "relative_strength": -5.149816, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.601349, "energy": 67.879121, "activity_lines": [ 19.713142, 19.176344, 18.086862, 17.914962 ] }, { "date": "2025-04-04", "close": 17.497595, "volume": 494, "typical_volume": 25.55, "trend": 17.968721, "fair_value": 16.822345, "relative_strength": -3.501114, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.390612, "energy": 29.40666, "activity_lines": [ 19.008338, 18.965794, 18.095858, 17.88246 ] }, { "date": "2025-04-11", "close": 16.922823, "volume": 494, "typical_volume": 50.25, "trend": 17.905748, "fair_value": 16.80605, "relative_strength": -5.441354, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -11.394057, "energy": 16.14186, "activity_lines": [ 18.151518, 18.641231, 18.047108, 17.814982 ] }, { "date": "2025-04-18", "close": 17.488173, "volume": 0, "typical_volume": 50.25, "trend": 17.845443, "fair_value": 16.786819, "relative_strength": -7.136342, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.033102, "energy": 24.398487, "activity_lines": [ 17.718082, 18.423828, 18.050495, 17.788042 ] }, { "date": "2025-04-25", "close": 18.289087, "volume": 0, "typical_volume": 49.5, "trend": 17.789537, "fair_value": 16.776892, "relative_strength": -6.258085, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.022628, "energy": 20.603749, "activity_lines": [ 17.750119, 18.359241, 18.124686, 17.816664 ] }, { "date": "2025-05-02", "close": 18.665987, "volume": 0, "typical_volume": 49.5, "trend": 17.748706, "fair_value": 16.768821, "relative_strength": -5.548802, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.308086, "energy": 22.809865, "activity_lines": [ 18.019603, 18.369264, 18.227481, 17.87321 ] }, { "date": "2025-05-09", "close": 19.033466, "volume": 0, "typical_volume": 49.5, "trend": 17.721695, "fair_value": 16.761378, "relative_strength": -7.776578, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.251924, "energy": 26.159626, "activity_lines": [ 18.439847, 18.431281, 18.354551, 17.956097 ] }, { "date": "2025-05-16", "close": 18.769634, "volume": 581, "typical_volume": 78.55, "trend": 17.68212, "fair_value": 16.753005, "relative_strength": -11.475104, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.549753, "energy": 29.754974, "activity_lines": [ 18.669756, 18.428197, 18.43951, 18.023706 ] }, { "date": "2025-05-23", "close": 18.760212, "volume": 100, "typical_volume": 83.55, "trend": 17.66139, "fair_value": 16.740168, "relative_strength": -10.235805, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.411574, "energy": 36.290988, "activity_lines": [ 18.773404, 18.453895, 18.509461, 18.093261 ] }, { "date": "2025-05-30", "close": 19.18, "volume": 0, "typical_volume": 83.55, "trend": 17.665333, "fair_value": 16.726451, "relative_strength": -8.938332, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.651138, "energy": 46.414886, "activity_lines": [ 18.932178, 18.586926, 18.604159, 18.191235 ] }, { "date": "2025-06-06", "close": 19.15, "volume": 0, "typical_volume": 83.45, "trend": 17.727323, "fair_value": 16.715793, "relative_strength": -9.361442, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.545123, "energy": 54.739179, "activity_lines": [ 19.021558, 18.7288, 18.67787, 18.28702 ] }, { "date": "2025-06-13", "close": 18.709999, "volume": 0, "typical_volume": 83.45, "trend": 17.78878, "fair_value": 16.714941, "relative_strength": -9.322512, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.647877, "energy": 37.745961, "activity_lines": [ 18.932004, 18.789582, 18.696378, 18.350419 ] }, { "date": "2025-06-20", "close": 18.18, "volume": 0, "typical_volume": 83.45, "trend": 17.842621, "fair_value": 16.717565, "relative_strength": -11.195854, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.794466, "energy": 20.111094, "activity_lines": [ 18.687347, 18.731956, 18.656147, 18.375659 ] }, { "date": "2025-06-27", "close": 18.299999, "volume": 0, "typical_volume": 83.45, "trend": 17.908, "fair_value": 16.727779, "relative_strength": -12.017519, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.293383, "energy": 12.674917, "activity_lines": [ 18.521999, 18.673292, 18.622502, 18.405167 ] }, { "date": "2025-07-04", "close": 17.15, "volume": 45, "typical_volume": 85.7, "trend": 17.921069, "fair_value": 16.733311, "relative_strength": -16.555264, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -16.873373, "energy": 25.090223, "activity_lines": [ 18.004, 18.390776, 18.477352, 18.356264 ] }, { "date": "2025-07-11", "close": 17.950001, "volume": 0, "typical_volume": 85.7, "trend": 17.972269, "fair_value": 16.742426, "relative_strength": -14.304927, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -17.232185, "energy": 30.372294, "activity_lines": [ 17.888, 18.274425, 18.415409, 18.35813 ] }, { "date": "2025-07-18", "close": 17.6, "volume": 547, "typical_volume": 113.05, "trend": 18.043367, "fair_value": 16.747353, "relative_strength": -15.711218, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.989345, "energy": 51.56346, "activity_lines": [ 17.735333, 18.107456, 18.319662, 18.334113 ] }, { "date": "2025-07-25", "close": 17.950001, "volume": 0, "typical_volume": 113.05, "trend": 18.114825, "fair_value": 16.751806, "relative_strength": -15.406479, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.098295, "energy": 49.961438, "activity_lines": [ 17.773334, 18.030186, 18.259587, 18.32809 ] }, { "date": "2025-08-01", "close": 16.379999, "volume": 0, "typical_volume": 113.05, "trend": 18.142116, "fair_value": 16.746569, "relative_strength": -20.287534, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.23764, "energy": 61.812539, "activity_lines": [ 17.303333, 17.682364, 18.061877, 18.216165 ] }, { "date": "2025-08-08", "close": 17.16, "volume": 0, "typical_volume": 113.05, "trend": 18.201689, "fair_value": 16.744786, "relative_strength": -20.779187, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.319612, "energy": 63.372437, "activity_lines": [ 17.221333, 17.519636, 17.957909, 18.152803 ] }, { "date": "2025-08-15", "close": 16.860001, "volume": 0, "typical_volume": 113.05, "trend": 18.21844, "fair_value": 16.746194, "relative_strength": -23.701977, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.830672, "energy": 66.8845, "activity_lines": [ 17.038667, 17.339091, 17.838733, 18.066242 ] }, { "date": "2025-08-22", "close": 17.059999, "volume": 0, "typical_volume": 88.35, "trend": 18.221285, "fair_value": 16.756558, "relative_strength": -21.368652, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.814263, "energy": 65.690883, "activity_lines": [ 16.995333, 17.236545, 17.749224, 17.991504 ] }, { "date": "2025-08-29", "close": 16.540001, "volume": 0, "typical_volume": 63.65, "trend": 18.200515, "fair_value": 16.760204, "relative_strength": -20.427011, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.001367, "energy": 58.874595, "activity_lines": [ 16.814667, 17.069455, 17.612274, 17.883034 ] }, { "date": "2025-09-05", "close": 16.129999, "volume": 563, "typical_volume": 91.8, "trend": 18.142051, "fair_value": 16.759758, "relative_strength": -21.563969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.0876, "energy": 66.585105, "activity_lines": [ 16.591333, 16.857636, 17.4381, 17.749453 ] }, { "date": "2025-09-12", "close": 16.040001, "volume": 0, "typical_volume": 91.8, "trend": 18.055932, "fair_value": 16.766939, "relative_strength": -22.255219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.409798, "energy": 69.296816, "activity_lines": [ 16.354667, 16.668909, 17.261822, 17.613836 ] }, { "date": "2025-09-19", "close": 15.54, "volume": 0, "typical_volume": 91.8, "trend": 17.9789, "fair_value": 16.773313, "relative_strength": -23.710659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.559097, "energy": 81.333047, "activity_lines": [ 16.026, 16.409455, 17.048635, 17.451518 ] }, { "date": "2025-09-26", "close": 14.72, "volume": 663, "typical_volume": 124.95, "trend": 17.866527, "fair_value": 16.775763, "relative_strength": -27.399512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.721421, "energy": 90.460312, "activity_lines": [ 15.512, 16.044727, 16.772238, 17.241267 ] }, { "date": "2025-10-03", "close": 14.96, "volume": 0, "typical_volume": 95.9, "trend": 17.683632, "fair_value": 16.780897, "relative_strength": -27.044305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.440449, "energy": 89.755643, "activity_lines": [ 15.234, 15.776, 16.539239, 17.053749 ] }, { "date": "2025-10-10", "close": 14.52, "volume": 1051, "typical_volume": 143.45, "trend": 17.485442, "fair_value": 16.779693, "relative_strength": -27.049272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.808235, "energy": 92.114616, "activity_lines": [ 14.914667, 15.481636, 16.282476, 16.849644 ] }, { "date": "2025-10-17", "close": 14.81, "volume": 0, "typical_volume": 143.45, "trend": 17.313566, "fair_value": 16.775713, "relative_strength": -23.373367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.677147, "energy": 85.698342, "activity_lines": [ 14.799333, 15.273818, 16.073524, 16.677034 ] }, { "date": "2025-10-24", "close": 15.05, "volume": 0, "typical_volume": 143.45, "trend": 17.178899, "fair_value": 16.772446, "relative_strength": -22.830367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.574869, "energy": 75.499692, "activity_lines": [ 14.846, 15.152364, 15.908238, 16.530998 ] }, { "date": "2025-10-31", "close": 14.61, "volume": 0, "typical_volume": 143.45, "trend": 17.082646, "fair_value": 16.766678, "relative_strength": -26.498192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.633561, "energy": 77.61482, "activity_lines": [ 14.778667, 14.983818, 15.720571, 16.365262 ] }, { "date": "2025-11-07", "close": 14.09, "volume": 0, "typical_volume": 143.45, "trend": 16.988219, "fair_value": 16.752835, "relative_strength": -27.667902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.484341, "energy": 74.849492, "activity_lines": [ 14.545333, 14.765273, 15.502905, 16.172188 ] }, { "date": "2025-11-14", "close": 13.88, "volume": 0, "typical_volume": 143.45, "trend": 16.867946, "fair_value": 16.738524, "relative_strength": -29.580007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.07318, "energy": 84.337818, "activity_lines": [ 14.3, 14.553091, 15.284714, 15.971658 ] }, { "date": "2025-11-21", "close": 13.28, "volume": 0, "typical_volume": 141.2, "trend": 16.700977, "fair_value": 16.722605, "relative_strength": -31.095426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.339153, "energy": 92.481309, "activity_lines": [ 13.897333, 14.272727, 15.030429, 15.740178 ] }, { "date": "2025-11-28", "close": 13.21, "volume": 0, "typical_volume": 141.2, "trend": 16.51911, "fair_value": 16.70717, "relative_strength": -33.851042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.467926, "energy": 91.386179, "activity_lines": [ 13.573333, 14.029818, 14.787905, 15.514954 ] }, { "date": "2025-12-05", "close": 12.93, "volume": 500, "typical_volume": 138.85, "trend": 16.315662, "fair_value": 16.693697, "relative_strength": -35.507851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.482495, "energy": 91.996323, "activity_lines": [ 13.278667, 13.778364, 14.541286, 15.283398 ] }, { "date": "2025-12-12", "close": 13.26, "volume": 500, "typical_volume": 163.85, "trend": 16.132007, "fair_value": 16.684283, "relative_strength": -33.522361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.229243, "energy": 82.042379, "activity_lines": [ 13.206, 13.619455, 14.348333, 15.086259 ] }, { "date": "2025-12-19", "close": 13.12, "volume": 0, "typical_volume": 163.85, "trend": 15.944, "fair_value": 16.672933, "relative_strength": -35.30147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.021435, "energy": 73.723716, "activity_lines": [ 13.142, 13.466, 14.164381, 14.891936 ] }, { "date": "2025-12-26", "close": 13.13, "volume": 400, "typical_volume": 183.85, "trend": 15.742333, "fair_value": 16.661568, "relative_strength": -34.809217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.940151, "energy": 67.202021, "activity_lines": [ 13.132, 13.339818, 13.996905, 14.710387 ] }, { "date": "2026-01-02", "close": 13.26, "volume": 0, "typical_volume": 183.85, "trend": 15.546, "fair_value": 16.641018, "relative_strength": -34.86742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.587148, "energy": 64.571654, "activity_lines": [ 13.175333, 13.267818, 13.861, 14.550237 ] }, { "date": "2026-01-09", "close": 13.29, "volume": 0, "typical_volume": 183.85, "trend": 15.365333, "fair_value": 16.621301, "relative_strength": -34.764909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.029961, "energy": 61.491224, "activity_lines": [ 13.225333, 13.233818, 13.745095, 14.404688 ] }, { "date": "2026-01-16", "close": 13.05, "volume": 0, "typical_volume": 183.85, "trend": 15.194333, "fair_value": 16.598127, "relative_strength": -36.095871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.49252, "energy": 62.169209, "activity_lines": [ 13.171333, 13.180182, 13.624286, 14.255312 ] }, { "date": "2026-01-23", "close": 13.23, "volume": 0, "typical_volume": 155.7, "trend": 15.025333, "fair_value": 16.574455, "relative_strength": -35.113398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.319797, "energy": 49.941246, "activity_lines": [ 13.191333, 13.178182, 13.537238, 14.128581 ] }, { "date": "2026-01-30", "close": 13.06, "volume": 250, "typical_volume": 168.2, "trend": 14.889, "fair_value": 16.545377, "relative_strength": -36.225997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.11084, "energy": 52.643564, "activity_lines": [ 13.147333, 13.157091, 13.44781, 14.001785 ] }, { "date": "2026-02-06", "close": 14.92, "volume": 257, "typical_volume": 181.05, "trend": 14.788, "fair_value": 16.533178, "relative_strength": -27.165325, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -6.858027, "energy": 12.399666, "activity_lines": [ 13.728, 13.478182, 13.549714, 14.003785 ] }, { "date": "2026-02-13", "close": 15.89, "volume": 450, "typical_volume": 170.4, "trend": 14.731, "fair_value": 16.528156, "relative_strength": -21.109915, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 27.177817, "energy": 38.93754, "activity_lines": [ 14.521333, 13.944545, 13.746952, 14.074882 ] }, { "date": "2026-02-20", "close": 15.31, "volume": 0, "typical_volume": 170.4, "trend": 14.643, "fair_value": 16.518883, "relative_strength": -25.702014, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.14687, "energy": 50.707244, "activity_lines": [ 14.948, 14.251636, 13.883381, 14.112237 ] }, { "date": "2026-02-27", "close": 14.81, "volume": 0, "typical_volume": 117.85, "trend": 14.590667, "fair_value": 16.503155, "relative_strength": -26.088992, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.328207, "energy": 47.48091, "activity_lines": [ 15.057333, 14.430545, 13.970524, 14.123011 ] }, { "date": "2026-03-06", "close": 13.71, "volume": 1975, "typical_volume": 216.6, "trend": 14.475667, "fair_value": 16.484318, "relative_strength": -26.913643, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.804145, "energy": 37.948518, "activity_lines": [ 14.694667, 14.378727, 13.951524, 14.066194 ] }, { "date": "2026-03-13", "close": 14.54, "volume": 0, "typical_volume": 216.6, "trend": 14.398333, "fair_value": 16.478847, "relative_strength": -19.527456, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.94289, "energy": 20.093806, "activity_lines": [ 14.565333, 14.467273, 14.01681, 14.070344 ] }, { "date": "2026-03-20", "close": 13.96, "volume": 40, "typical_volume": 218.6, "trend": 14.295, "fair_value": 16.470271, "relative_strength": -20.835499, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.503582, "energy": 10.743891, "activity_lines": [ 14.268, 14.427091, 14.029286, 14.042065 ] }, { "date": "2026-03-27", "close": 16.440001, "volume": 1504, "typical_volume": 293.8, "trend": 14.291667, "fair_value": 16.472611, "relative_strength": -7.353164, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 46.299701, "energy": 27.654392, "activity_lines": [ 14.926, 14.825637, 14.281048, 14.180452 ] }, { "date": "2026-04-03", "close": 15.47907, "volume": 0, "typical_volume": 293.8, "trend": 14.269969, "fair_value": 16.471828, "relative_strength": -14.869078, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.460509, "energy": 30.673324, "activity_lines": [ 15.188357, 14.987831, 14.430102, 14.257058 ] }, { "date": "2026-04-10", "close": 16.36305, "volume": 0, "typical_volume": 293.8, "trend": 14.280737, "fair_value": 16.473221, "relative_strength": -14.666105, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.725437, "energy": 68.006451, "activity_lines": [ 15.700769, 15.269857, 14.65573, 14.392096 ] }, { "date": "2026-04-17", "close": 15.921062, "volume": 206, "typical_volume": 304.1, "trend": 14.293439, "fair_value": 16.471408, "relative_strength": -18.122074, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.783974, "energy": 71.354387, "activity_lines": [ 15.888981, 15.411466, 14.824583, 14.497923 ] }, { "date": "2026-04-24", "close": 16.438284, "volume": 597, "typical_volume": 308.95, "trend": 14.350716, "fair_value": 16.471819, "relative_strength": -11.609533, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.045002, "energy": 71.767464, "activity_lines": [ 16.157531, 15.628914, 15.029786, 14.6363 ] }, { "date": "2026-05-01", "close": 16.466496, "volume": 0, "typical_volume": 283.95, "trend": 14.400932, "fair_value": 16.471877, "relative_strength": -11.189916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.776189, "energy": 69.482713, "activity_lines": [ 16.270265, 15.841523, 15.220969, 14.772802 ] }, { "date": "2026-05-08", "close": 16.400667, "volume": 2388, "typical_volume": 403.35, "trend": 14.463621, "fair_value": 16.473565, "relative_strength": -12.02142, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.770263, "energy": 58.490525, "activity_lines": [ 16.35929, 16.021136, 15.390613, 14.901817 ] }, { "date": "2026-05-15", "close": 16.692194, "volume": 597, "typical_volume": 413.2, "trend": 14.526361, "fair_value": 16.476483, "relative_strength": -9.33544, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.636534, "energy": 62.086882, "activity_lines": [ 16.48405, 16.224833, 15.5724, 15.045596 ] }, { "date": "2026-05-22", "close": 16.278414, "volume": 176, "typical_volume": 422.0, "trend": 14.567308, "fair_value": 16.475762, "relative_strength": -12.563626, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.166349, "energy": 46.799178, "activity_lines": [ 16.448942, 16.299075, 15.697817, 15.158632 ] }, { "date": "2026-05-29", "close": 15.827021, "volume": 280, "typical_volume": 436.0, "trend": 14.607875, "fair_value": 16.472837, "relative_strength": -16.376021, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.70918, "energy": 35.903144, "activity_lines": [ 16.239545, 16.259638, 15.76587, 15.239904 ] }, { "date": "2026-06-05", "close": 15.84, "volume": 0, "typical_volume": 436.0, "trend": 14.666209, "fair_value": 16.472269, "relative_strength": -14.508957, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.266224, "energy": 29.743959, "activity_lines": [ 16.075225, 16.188615, 15.823078, 15.319396 ] }, { "date": "2026-06-12", "close": 15.85, "volume": 0, "typical_volume": 436.0, "trend": 14.731875, "fair_value": 16.472901, "relative_strength": -15.904021, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.717801, "energy": 21.258786, "activity_lines": [ 15.956006, 16.13032, 15.867953, 15.395769 ] }, { "date": "2026-06-19", "close": 16.110001, "volume": 700, "typical_volume": 458.5, "trend": 14.826209, "fair_value": 16.481422, "relative_strength": -17.131915, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.582698, "energy": 20.094146, "activity_lines": [ 15.960164, 16.112553, 15.925114, 15.484681 ] }, { "date": "2026-06-26", "close": 16.01, "volume": 8925, "typical_volume": 891.9, "trend": 14.919542, "fair_value": 16.484869, "relative_strength": -15.186066, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.209763, "energy": 19.86895, "activity_lines": [ 15.969802, 16.081205, 15.958227, 15.561054 ] }, { "date": "2026-07-03", "close": 16.02, "volume": 0, "typical_volume": 869.4, "trend": 15.022542, "fair_value": 16.486762, "relative_strength": -16.394861, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.005197, "energy": 22.171103, "activity_lines": [ 16.000667, 16.050058, 15.987102, 15.632052 ] }, { "date": "2026-07-10", "close": 16.33, "volume": 0, "typical_volume": 869.4, "trend": 15.124875, "fair_value": 16.487488, "relative_strength": -12.859031, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.383754, "energy": 35.185115, "activity_lines": [ 16.122, 16.08288, 16.044882, 15.716404 ] }, { "date": "2026-07-17", "close": 16.85, "volume": 0, "typical_volume": 869.4, "trend": 15.249209, "fair_value": 16.491064, "relative_strength": -7.604388, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.031163, "energy": 57.652047, "activity_lines": [ 16.384, 16.212729, 16.147328, 15.827702 ] }, { "date": "2026-07-24", "close": 16.969999, "volume": 0, "typical_volume": 770.65, "trend": 15.377209, "fair_value": 16.492171, "relative_strength": -7.453525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.464108, "energy": 69.995556, "activity_lines": [ 16.619333, 16.356226, 16.251489, 15.938721 ] }, { "date": "2026-07-31", "close": 17.549999, "volume": 280, "typical_volume": 784.65, "trend": 15.520209, "fair_value": 16.500149, "relative_strength": -3.696422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.392135, "energy": 83.807648, "activity_lines": [ 16.990666, 16.600127, 16.395363, 16.078901 ] }, { "date": "2026-08-07", "close": 18.08, "volume": 634, "typical_volume": 814.35, "trend": 15.679875, "fair_value": 16.513741, "relative_strength": -3.087493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.13202, "energy": 95.199031, "activity_lines": [ 17.436, 16.917272, 16.575381, 16.244049 ] } ], "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." } } }