{ "ticker": { "uuid": "e8889bfc-382c-4266-9719-0f5b2d37f6a2", "symbol": "SLP-B", "name": "Swedish Logistic Property AB", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -51.986, "architecture_energy": 43.706, "architecture_maturity": 9.641, "architecture_confidence": 87.528, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.31, "rotation_up": 16.19, "upward_expansion": 10.24, "deceleration": 38.87, "rotation_down": 58.15, "downward_expansion": 81.24 }, "activity_lines": [ 36.876666, 37.256363, 37.902381, 38.144946 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 37.049999, "trend_reference": 38.816666, "distance_from_trend": -0.045513, "trend_direction": "Weakening", "fair_value": 36.497115, "distance_from_fair_value": 0.015149, "fair_value_direction": "Weakening", "relative_strength": -17.175976, "relative_strength_direction": "Weakening", "price_momentum": -0.112575, "excess_performance": -0.174069, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.045513, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.029462, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.015149, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.055474, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.17176, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027314, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.112575, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.908478, "read": "Demand-led" } ], "volume": { "latest": 696998, "relative_activity": 0.550978, "balance": 2.908478, "dry_up": 0.383265, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.064154, "annualized_volatility": 0.310403, "from_high_reference": -0.156037, "from_low_reference": 0.080175 }, "levels": { "trend_reference": 38.816666, "fair_value_reference": 36.497115, "structural_low": 34.299999, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.047262, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.003302, "regime_survival": 0.5, "best_return": 0.102158, "worst_return": -0.074028, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.086234, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.004899, "regime_survival": 0.0, "best_return": 0.091892, "worst_return": 0.080576, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.109459, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.037349, "regime_survival": 0.0, "best_return": 0.109459, "worst_return": 0.109459, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.108108, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.242782, "regime_survival": 1.0, "best_return": 0.108108, "worst_return": 0.108108, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-27", "end": "2025-02-28", "tenure": "Developing", "return": 0.02584, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.011205, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.072193, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.067568, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-27", "tenure": "Developing", "return": 0.089744, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.040816, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-10-24", "tenure": "Developing", "return": 0.088529, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-11-28", "tenure": "Developing", "return": -0.005974, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": 0.03799, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.037081, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.113001, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-06-05", "tenure": "Developing", "return": 0.097842, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-07-17", "tenure": "Developing", "return": -0.049096, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.016461, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 28.4, "volume": 343498, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 30.0, "volume": 64857, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 29.049999, "volume": 41713, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 26.6, "volume": 65848, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 26.9, "volume": 149345, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 27.950001, "volume": 174715, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 26.200001, "volume": 712458, "typical_volume": 165810.9, "trend": 26.655, "fair_value": 28.20975, "relative_strength": -0.343725, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 11.187816, "energy": 15.603773, "activity_lines": [ 27.050001, 27.680909, 27.490714, 27.141506 ] }, { "date": "2023-10-06", "close": 25.85, "volume": 163174, "typical_volume": 170972.2, "trend": 26.65, "fair_value": 28.180617, "relative_strength": -1.320927, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -18.709355, "energy": 17.999132, "activity_lines": [ 26.553334, 27.304546, 27.37381, 27.08957 ] }, { "date": "2023-10-13", "close": 27.0, "volume": 1602650, "typical_volume": 248645.55, "trend": 26.708333, "fair_value": 28.16622, "relative_strength": 1.594179, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -10.546779, "energy": 12.145049, "activity_lines": [ 26.653334, 27.160909, 27.365714, 27.112151 ] }, { "date": "2023-10-20", "close": 26.700001, "volume": 69814, "typical_volume": 246834.85, "trend": 26.838334, "fair_value": 28.148554, "relative_strength": 5.939602, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -9.964386, "energy": 12.470331, "activity_lines": [ 26.626667, 26.988182, 27.324524, 27.111613 ] }, { "date": "2023-10-27", "close": 25.950001, "volume": 101803, "typical_volume": 248222.6, "trend": 26.88, "fair_value": 28.122381, "relative_strength": 4.203853, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -14.090883, "energy": 13.873601, "activity_lines": [ 26.363334, 26.712728, 27.204762, 27.054301 ] }, { "date": "2023-11-03", "close": 26.75, "volume": 3076597, "typical_volume": 389531.75, "trend": 26.9, "fair_value": 28.106235, "relative_strength": 3.534553, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -8.698652, "energy": 7.790267, "activity_lines": [ 26.5, 26.627273, 27.159762, 27.045914 ] }, { "date": "2023-11-10", "close": 27.4, "volume": 3976558, "typical_volume": 575948.5, "trend": 26.883334, "fair_value": 28.098023, "relative_strength": 6.535844, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 6.629292, "energy": 5.16459, "activity_lines": [ 26.816667, 26.719091, 27.176429, 27.078172 ] }, { "date": "2023-11-17", "close": 29.15, "volume": 315695, "typical_volume": 569750.75, "trend": 26.94, "fair_value": 28.110115, "relative_strength": 8.867684, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 42.892989, "energy": 19.834617, "activity_lines": [ 27.613334, 27.159091, 27.349762, 27.224409 ] }, { "date": "2023-11-24", "close": 29.549999, "volume": 450233, "typical_volume": 589447.45, "trend": 27.016667, "fair_value": 28.126477, "relative_strength": 8.57779, "stage": 2, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 57.921089, "energy": 37.912311, "activity_lines": [ 28.4, 27.625455, 27.548333, 27.392796 ] }, { "date": "2023-12-01", "close": 27.799999, "volume": 420853, "typical_volume": 606013.7, "trend": 27.085, "fair_value": 28.122809, "relative_strength": 1.017906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.368766, "energy": 35.600044, "activity_lines": [ 28.413333, 27.725454, 27.568095, 27.443333 ] }, { "date": "2023-12-08", "close": 31.6, "volume": 1752768, "typical_volume": 680871.4, "trend": 27.31, "fair_value": 28.161445, "relative_strength": 11.314449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.359737, "energy": 59.508518, "activity_lines": [ 29.57, 28.519091, 27.945238, 27.734624 ] }, { "date": "2023-12-15", "close": 31.5, "volume": 1433355, "typical_volume": 749738.0, "trend": 27.503333, "fair_value": 28.198132, "relative_strength": 7.354545, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.79014, "energy": 62.053689, "activity_lines": [ 30.37, 29.196363, 28.293095, 28.004946 ] }, { "date": "2023-12-22", "close": 32.900002, "volume": 684463, "typical_volume": 782273.35, "trend": 27.731667, "fair_value": 28.249239, "relative_strength": 12.249261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.743057, "energy": 66.450182, "activity_lines": [ 31.363334, 30.025455, 28.753572, 28.353118 ] }, { "date": "2023-12-29", "close": 32.549999, "volume": 280678, "typical_volume": 794053.75, "trend": 27.976667, "fair_value": 28.295484, "relative_strength": 9.79762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.689409, "energy": 71.691596, "activity_lines": [ 31.99, 30.683636, 29.159286, 28.663979 ] }, { "date": "2024-01-05", "close": 32.650002, "volume": 865582, "typical_volume": 820157.95, "trend": 28.21, "fair_value": 28.341809, "relative_strength": 12.684871, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.286534, "energy": 70.781986, "activity_lines": [ 32.450001, 31.253637, 29.555476, 28.965484 ] }, { "date": "2024-01-12", "close": 33.700001, "volume": 544039, "typical_volume": 844117.05, "trend": 28.443334, "fair_value": 28.398211, "relative_strength": 15.087784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.623279, "energy": 74.56558, "activity_lines": [ 32.936668, 31.892728, 30.031429, 29.319678 ] }, { "date": "2024-01-19", "close": 31.25, "volume": 673120, "typical_volume": 875687.4, "trend": 28.641667, "fair_value": 28.427917, "relative_strength": 9.296517, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.376225, "energy": 54.281112, "activity_lines": [ 32.466667, 31.96, 30.256429, 29.500753 ] }, { "date": "2024-01-26", "close": 31.9, "volume": 231772, "typical_volume": 883983.6, "trend": 28.823334, "fair_value": 28.463712, "relative_strength": 8.02987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.350883, "energy": 39.644407, "activity_lines": [ 32.23, 32.075455, 30.532857, 29.710968 ] }, { "date": "2024-02-02", "close": 31.65, "volume": 376150, "typical_volume": 895323.85, "trend": 28.978334, "fair_value": 28.496225, "relative_strength": 7.156648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.644269, "energy": 29.190672, "activity_lines": [ 31.976667, 32.095455, 30.760238, 29.893334 ] }, { "date": "2024-02-09", "close": 31.15, "volume": 801311, "typical_volume": 926653.65, "trend": 29.121667, "fair_value": 28.52303, "relative_strength": 6.21794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.975336, "energy": 20.652919, "activity_lines": [ 31.616667, 31.986364, 30.917381, 30.033441 ] }, { "date": "2024-02-16", "close": 31.799999, "volume": 237028, "typical_volume": 902882.15, "trend": 29.266667, "fair_value": 28.5558, "relative_strength": 5.789961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.972959, "energy": 20.119745, "activity_lines": [ 31.573333, 31.934546, 31.121191, 30.206237 ] }, { "date": "2024-02-23", "close": 30.5, "volume": 2003912, "typical_volume": 994919.05, "trend": 29.378333, "fair_value": 28.57505, "relative_strength": 0.378726, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.015538, "energy": 15.62097, "activity_lines": [ 31.223333, 31.642727, 31.174524, 30.285807 ] }, { "date": "2024-03-01", "close": 29.799999, "volume": 506772, "typical_volume": 940125.15, "trend": 29.425, "fair_value": 28.587059, "relative_strength": -2.957472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.005488, "energy": 13.975407, "activity_lines": [ 30.689999, 31.241818, 31.139048, 30.313011 ] }, { "date": "2024-03-08", "close": 28.75, "volume": 1471187, "typical_volume": 1010193.8, "trend": 29.431667, "fair_value": 28.588641, "relative_strength": -7.319701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.463924, "energy": 11.825035, "activity_lines": [ 29.946666, 30.706363, 30.990238, 30.269462 ] }, { "date": "2024-03-15", "close": 27.5, "volume": 2075496, "typical_volume": 1108878.45, "trend": 29.401667, "fair_value": 28.578173, "relative_strength": -12.789404, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.526018, "energy": 35.696226, "activity_lines": [ 28.98, 30.012727, 30.712619, 30.144839 ] }, { "date": "2024-03-22", "close": 29.299999, "volume": 2321008, "typical_volume": 1071099.0, "trend": 29.378333, "fair_value": 28.585048, "relative_strength": -7.19934, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.361483, "energy": 38.08324, "activity_lines": [ 28.856666, 29.74, 30.599048, 30.13828 ] }, { "date": "2024-03-29", "close": 32.450001, "volume": 1266640, "typical_volume": 935603.1, "trend": 29.491667, "fair_value": 28.62151, "relative_strength": 3.150214, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 23.388112, "energy": 17.658936, "activity_lines": [ 29.95, 30.12, 30.773333, 30.336452 ] }, { "date": "2024-04-05", "close": 31.700001, "volume": 682213, "typical_volume": 953929.0, "trend": 29.661667, "fair_value": 28.650281, "relative_strength": 1.201131, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.077667, "energy": 14.637466, "activity_lines": [ 30.663334, 30.341818, 30.852143, 30.478925 ] }, { "date": "2024-04-12", "close": 32.099998, "volume": 1141860, "typical_volume": 988510.35, "trend": 29.835, "fair_value": 28.682222, "relative_strength": 2.325446, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.677535, "energy": 27.749243, "activity_lines": [ 31.383333, 30.64, 30.956905, 30.636237 ] }, { "date": "2024-04-19", "close": 33.0, "volume": 2090284, "typical_volume": 1071981.9, "trend": 30.003333, "fair_value": 28.721835, "relative_strength": 5.244415, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.919571, "energy": 38.144283, "activity_lines": [ 32.18, 31.093636, 31.135238, 30.84043 ] }, { "date": "2024-04-26", "close": 32.5, "volume": 929921, "typical_volume": 1030839.55, "trend": 30.213333, "fair_value": 28.756182, "relative_strength": 1.285786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.827825, "energy": 49.757345, "activity_lines": [ 32.443333, 31.422727, 31.24119, 31.001505 ] }, { "date": "2024-05-03", "close": 33.099998, "volume": 1426729, "typical_volume": 1030508.25, "trend": 30.455, "fair_value": 28.795315, "relative_strength": 3.626924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.910598, "energy": 58.538668, "activity_lines": [ 32.693332, 31.848181, 31.4, 31.187742 ] }, { "date": "2024-05-10", "close": 33.0, "volume": 1613599, "typical_volume": 1076965.05, "trend": 30.655, "fair_value": 28.832857, "relative_strength": -0.357657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.694784, "energy": 53.845123, "activity_lines": [ 32.866666, 32.208181, 31.541666, 31.351935 ] }, { "date": "2024-05-17", "close": 34.799999, "volume": 1332008, "typical_volume": 1129531.55, "trend": 30.925, "fair_value": 28.885664, "relative_strength": 5.768143, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.566208, "energy": 58.156887, "activity_lines": [ 33.553333, 32.837272, 31.854285, 31.619355 ] }, { "date": "2024-05-24", "close": 34.099998, "volume": 309234, "typical_volume": 1101714.15, "trend": 31.196666, "fair_value": 28.931404, "relative_strength": 2.521693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.720444, "energy": 58.264435, "activity_lines": [ 33.826665, 33.22909, 32.089523, 31.824193 ] }, { "date": "2024-05-31", "close": 34.200001, "volume": 2019644, "typical_volume": 1175494.4, "trend": 31.445, "fair_value": 28.977217, "relative_strength": 3.292299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.082866, "energy": 54.91533, "activity_lines": [ 34.059999, 33.51909, 32.327381, 32.017957 ] }, { "date": "2024-06-07", "close": 35.200001, "volume": 364899, "typical_volume": 1160083.35, "trend": 31.705, "fair_value": 29.030862, "relative_strength": 5.161055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.792218, "energy": 64.628075, "activity_lines": [ 34.513333, 33.901818, 32.658095, 32.260215 ] }, { "date": "2024-06-14", "close": 35.099998, "volume": 265252, "typical_volume": 1161757.35, "trend": 31.903333, "fair_value": 29.082735, "relative_strength": 7.04386, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.035743, "energy": 54.28586, "activity_lines": [ 34.793333, 34.216363, 32.960476, 32.479247 ] }, { "date": "2024-06-21", "close": 33.599998, "volume": 333465, "typical_volume": 1159623.1, "trend": 32.038333, "fair_value": 29.121017, "relative_strength": 1.719384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.361438, "energy": 37.865936, "activity_lines": [ 34.433332, 34.196363, 33.104761, 32.588709 ] }, { "date": "2024-06-28", "close": 33.599998, "volume": 217941, "typical_volume": 1130454.6, "trend": 32.231666, "fair_value": 29.158656, "relative_strength": 1.642761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.829182, "energy": 32.89573, "activity_lines": [ 34.153332, 34.14909, 33.239761, 32.689462 ] }, { "date": "2024-07-05", "close": 36.099998, "volume": 172533, "typical_volume": 1127229.85, "trend": 32.381666, "fair_value": 29.2165, "relative_strength": 9.413849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.348261, "energy": 39.295196, "activity_lines": [ 34.739998, 34.545453, 33.60119, 32.939032 ] }, { "date": "2024-07-12", "close": 38.700001, "volume": 361072, "typical_volume": 1045087.85, "trend": 32.621666, "fair_value": 29.294876, "relative_strength": 13.522771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.372638, "energy": 56.266281, "activity_lines": [ 36.066666, 35.34909, 34.189761, 33.346666 ] }, { "date": "2024-07-19", "close": 39.0, "volume": 1171838, "typical_volume": 1078341.15, "trend": 32.825, "fair_value": 29.374426, "relative_strength": 16.579455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.323622, "energy": 78.739623, "activity_lines": [ 37.259999, 36.105454, 34.767856, 33.758171 ] }, { "date": "2024-07-26", "close": 38.400002, "volume": 84583, "typical_volume": 1009010.95, "trend": 33.02, "fair_value": 29.447805, "relative_strength": 13.945465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.570543, "energy": 79.886551, "activity_lines": [ 37.993334, 36.643636, 35.245, 34.117849 ] }, { "date": "2024-08-02", "close": 37.099998, "volume": 181206, "typical_volume": 914296.45, "trend": 33.168333, "fair_value": 29.509516, "relative_strength": 14.705741, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.303268, "energy": 73.943096, "activity_lines": [ 37.973333, 36.879999, 35.55238, 34.381075 ] }, { "date": "2024-08-09", "close": 36.400002, "volume": 556167, "typical_volume": 826054.4, "trend": 33.258333, "fair_value": 29.56464, "relative_strength": 12.621178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.167784, "energy": 49.996532, "activity_lines": [ 37.486667, 36.934545, 35.747381, 34.58957 ] }, { "date": "2024-08-16", "close": 38.0, "volume": 1032634, "typical_volume": 814354.1, "trend": 33.483333, "fair_value": 29.631587, "relative_strength": 13.819743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.409986, "energy": 42.702305, "activity_lines": [ 37.513334, 37.24, 36.060952, 34.895484 ] }, { "date": "2024-08-23", "close": 38.700001, "volume": 3262477, "typical_volume": 943367.3, "trend": 33.71, "fair_value": 29.702992, "relative_strength": 14.537127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.982449, "energy": 41.299975, "activity_lines": [ 37.820001, 37.621818, 36.414762, 35.232043 ] }, { "date": "2024-08-30", "close": 38.099998, "volume": 874329, "typical_volume": 929990.75, "trend": 33.925, "fair_value": 29.768594, "relative_strength": 10.943203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.972962, "energy": 38.854438, "activity_lines": [ 37.946666, 37.829091, 36.678095, 35.515268 ] }, { "date": "2024-09-06", "close": 35.200001, "volume": 1199490, "typical_volume": 885451.05, "trend": 34.06, "fair_value": 29.810698, "relative_strength": 6.942978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.144506, "energy": 24.887606, "activity_lines": [ 37.126667, 37.427273, 36.636666, 35.597527 ] }, { "date": "2024-09-13", "close": 36.599998, "volume": 1449780, "typical_volume": 911444.0, "trend": 34.22, "fair_value": 29.862923, "relative_strength": 8.896891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.819386, "energy": 21.06715, "activity_lines": [ 36.899999, 37.250909, 36.718095, 35.761397 ] }, { "date": "2024-09-20", "close": 36.200001, "volume": 532158, "typical_volume": 866715.45, "trend": 34.41, "fair_value": 29.911298, "relative_strength": 5.280864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.577, "energy": 18.202621, "activity_lines": [ 36.526666, 36.992727, 36.741905, 35.889139 ] }, { "date": "2024-09-27", "close": 36.299999, "volume": 2039144, "typical_volume": 887992.7, "trend": 34.626666, "fair_value": 29.959697, "relative_strength": 2.922606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.417512, "energy": 18.966458, "activity_lines": [ 36.306666, 36.798182, 36.760476, 36.011075 ] }, { "date": "2024-10-04", "close": 37.0, "volume": 1700040, "typical_volume": 906394.3, "trend": 34.901666, "fair_value": 30.012632, "relative_strength": 6.006642, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.393173, "energy": 11.944622, "activity_lines": [ 36.48, 36.78, 36.83, 36.164193 ] }, { "date": "2024-10-11", "close": 38.299999, "volume": 484596, "typical_volume": 915162.4, "trend": 35.261666, "fair_value": 30.074478, "relative_strength": 9.981438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.105, "energy": 25.363287, "activity_lines": [ 37.159999, 37.023636, 37.012857, 36.383441 ] }, { "date": "2024-10-18", "close": 38.799999, "volume": 750368, "typical_volume": 851698.6, "trend": 35.578333, "fair_value": 30.139111, "relative_strength": 10.844046, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.031639, "energy": 37.909581, "activity_lines": [ 37.799999, 37.336363, 37.223333, 36.61172 ] }, { "date": "2024-10-25", "close": 38.200001, "volume": 567816, "typical_volume": 861844.45, "trend": 35.77, "fair_value": 30.198382, "relative_strength": 8.892907, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.753384, "energy": 45.511589, "activity_lines": [ 38.093333, 37.496363, 37.354762, 36.78086 ] }, { "date": "2024-11-01", "close": 37.599998, "volume": 467233, "typical_volume": 871943.5, "trend": 35.966666, "fair_value": 30.252409, "relative_strength": 8.32482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.953582, "energy": 43.436363, "activity_lines": [ 38.053333, 37.543636, 37.414762, 36.898924 ] }, { "date": "2024-11-08", "close": 37.099998, "volume": 573421, "typical_volume": 883941.3, "trend": 36.133333, "fair_value": 30.302029, "relative_strength": 6.587286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.417617, "energy": 27.687692, "activity_lines": [ 37.759999, 37.519999, 37.415238, 36.972043 ] }, { "date": "2024-11-15", "close": 36.299999, "volume": 424030, "typical_volume": 894245.75, "trend": 36.243333, "fair_value": 30.34518, "relative_strength": 6.133628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.733647, "energy": 9.998516, "activity_lines": [ 37.193332, 37.36909, 37.322857, 36.982795 ] }, { "date": "2024-11-22", "close": 36.700001, "volume": 777870, "typical_volume": 924512.6, "trend": 36.383333, "fair_value": 30.390571, "relative_strength": 6.925097, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.887101, "energy": 14.14038, "activity_lines": [ 36.893333, 37.270908, 37.255714, 37.012258 ] }, { "date": "2024-11-29", "close": 38.299999, "volume": 1150961, "typical_volume": 964007.05, "trend": 36.556666, "fair_value": 30.446667, "relative_strength": 11.146685, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.527028, "energy": 16.83489, "activity_lines": [ 37.266666, 37.461817, 37.338095, 37.135914 ] }, { "date": "2024-12-06", "close": 38.0, "volume": 833315, "typical_volume": 947080.9, "trend": 36.723333, "fair_value": 30.499859, "relative_strength": 5.910311, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.202982, "energy": 14.127608, "activity_lines": [ 37.533333, 37.559999, 37.393809, 37.229032 ] }, { "date": "2024-12-13", "close": 38.099998, "volume": 3186172, "typical_volume": 1102160.35, "trend": 36.833333, "fair_value": 30.553007, "relative_strength": 8.336652, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.173379, "energy": 27.891625, "activity_lines": [ 37.806666, 37.645454, 37.463809, 37.317849 ] }, { "date": "2024-12-20", "close": 38.400002, "volume": 1925078, "typical_volume": 1189353.95, "trend": 36.976666, "fair_value": 30.6075, "relative_strength": 12.530405, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.001108, "energy": 37.863092, "activity_lines": [ 38.113333, 37.765454, 37.563809, 37.418924 ] }, { "date": "2024-12-27", "close": 38.700001, "volume": 58151, "typical_volume": 1164453.15, "trend": 37.126666, "fair_value": 30.66331, "relative_strength": 12.393321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.859945, "energy": 43.403861, "activity_lines": [ 38.38, 37.938182, 37.68619, 37.530107 ] }, { "date": "2025-01-03", "close": 39.299999, "volume": 411582, "typical_volume": 1133400.55, "trend": 37.263333, "fair_value": 30.722466, "relative_strength": 12.906773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.767029, "energy": 50.682376, "activity_lines": [ 38.713333, 38.221818, 37.854762, 37.670322 ] }, { "date": "2025-01-10", "close": 37.900002, "volume": 772058, "typical_volume": 1008879.6, "trend": 37.356666, "fair_value": 30.771293, "relative_strength": 8.246413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.918947, "energy": 36.888877, "activity_lines": [ 38.513334, 38.230909, 37.883809, 37.711398 ] }, { "date": "2025-01-17", "close": 40.400002, "volume": 1483725, "typical_volume": 1039349.4, "trend": 37.583333, "fair_value": 30.836351, "relative_strength": 10.97442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.236329, "energy": 50.727336, "activity_lines": [ 39.153335, 38.689092, 38.154762, 37.907742 ] }, { "date": "2025-01-24", "close": 40.0, "volume": 965782, "typical_volume": 1027664.0, "trend": 37.796667, "fair_value": 30.897852, "relative_strength": 7.495917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.092539, "energy": 52.124672, "activity_lines": [ 39.506668, 39.014546, 38.376667, 38.063656 ] }, { "date": "2025-01-31", "close": 40.700001, "volume": 1114573, "typical_volume": 1010903.65, "trend": 37.95, "fair_value": 30.9632, "relative_strength": 9.061914, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.35757, "energy": 57.435112, "activity_lines": [ 39.986668, 39.400001, 38.642381, 38.250968 ] }, { "date": "2025-02-07", "close": 42.200001, "volume": 1552368, "typical_volume": 1061914.15, "trend": 38.066667, "fair_value": 31.037616, "relative_strength": 13.96947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.131745, "energy": 73.24965, "activity_lines": [ 40.833334, 39.985455, 39.031429, 38.525161 ] }, { "date": "2025-02-14", "close": 39.700001, "volume": 1214863, "typical_volume": 1020700.1, "trend": 38.09, "fair_value": 31.094605, "relative_strength": 3.968978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.147909, "energy": 55.132263, "activity_lines": [ 40.653334, 40.045455, 39.15381, 38.630538 ] }, { "date": "2025-02-21", "close": 38.299999, "volume": 2011353, "typical_volume": 1036265.75, "trend": 38.086667, "fair_value": 31.141699, "relative_strength": -0.174854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.390931, "energy": 29.810358, "activity_lines": [ 39.886667, 39.820001, 39.126667, 38.644086 ] }, { "date": "2025-02-28", "close": 39.700001, "volume": 769399, "typical_volume": 1050505.9, "trend": 38.173333, "fair_value": 31.197273, "relative_strength": 3.110495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.816253, "energy": 21.891581, "activity_lines": [ 39.726667, 39.845455, 39.226667, 38.748172 ] }, { "date": "2025-03-07", "close": 35.700001, "volume": 666340, "typical_volume": 1046304.5, "trend": 38.15, "fair_value": 31.226323, "relative_strength": -7.623265, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.21088, "energy": 13.504161, "activity_lines": [ 38.253334, 39.120001, 38.939048, 38.588602 ] }, { "date": "2025-03-14", "close": 35.599998, "volume": 568467, "typical_volume": 1046337.05, "trend": 38.07, "fair_value": 31.254359, "relative_strength": -6.580544, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.168492, "energy": 31.410641, "activity_lines": [ 37.08, 38.430909, 38.656667, 38.424086 ] }, { "date": "2025-03-21", "close": 35.299999, "volume": 609374, "typical_volume": 1053444.1, "trend": 37.956667, "fair_value": 31.235128, "relative_strength": -5.737758, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.693911, "energy": 48.782432, "activity_lines": [ 36.246666, 37.754545, 38.358095, 38.245376 ] }, { "date": "2025-03-28", "close": 37.400002, "volume": 700687, "typical_volume": 1059807.4, "trend": 37.933333, "fair_value": 31.222308, "relative_strength": 3.021298, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.596543, "energy": 40.501902, "activity_lines": [ 36.406667, 37.507273, 38.270477, 38.209463 ] }, { "date": "2025-04-04", "close": 36.0, "volume": 892045, "typical_volume": 1083208.15, "trend": 37.96, "fair_value": 31.203077, "relative_strength": 9.783225, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.877415, "energy": 44.112049, "activity_lines": [ 36.16, 37.06, 38.048096, 38.084731 ] }, { "date": "2025-04-11", "close": 34.700001, "volume": 3296866, "typical_volume": 1209157.95, "trend": 37.896667, "fair_value": 31.176154, "relative_strength": 5.9213, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.330032, "energy": 44.599426, "activity_lines": [ 35.726667, 36.449091, 37.703334, 37.874409 ] }, { "date": "2025-04-18", "close": 37.0, "volume": 1193847, "typical_volume": 1211302.25, "trend": 37.923333, "fair_value": 31.181282, "relative_strength": 8.836696, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.374754, "energy": 30.033554, "activity_lines": [ 36.126667, 36.365455, 37.587143, 37.816559 ] }, { "date": "2025-04-25", "close": 37.650002, "volume": 270354, "typical_volume": 1183154.2, "trend": 37.968333, "fair_value": 31.21109, "relative_strength": 7.090524, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.504099, "energy": 22.48396, "activity_lines": [ 36.650001, 36.494546, 37.539048, 37.798925 ] }, { "date": "2025-05-02", "close": 39.5, "volume": 1061945, "typical_volume": 1076942.85, "trend": 38.051667, "fair_value": 31.278397, "relative_strength": 10.289133, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.062217, "energy": 11.009726, "activity_lines": [ 37.633334, 36.997273, 37.66881, 37.897742 ] }, { "date": "2025-05-09", "close": 39.0, "volume": 1267636, "typical_volume": 1044070.75, "trend": 38.075, "fair_value": 31.3425, "relative_strength": 9.011085, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.869642, "energy": 11.998303, "activity_lines": [ 38.31, 37.387273, 37.744286, 37.958925 ] }, { "date": "2025-05-16", "close": 39.0, "volume": 1373726, "typical_volume": 1109849.5, "trend": 38.081667, "fair_value": 31.401474, "relative_strength": 4.667777, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.203829, "energy": 15.417024, "activity_lines": [ 38.786667, 37.79, 37.816905, 38.018603 ] }, { "date": "2025-05-23", "close": 38.849998, "volume": 1212687, "typical_volume": 1149904.75, "trend": 38.103333, "fair_value": 31.455, "relative_strength": 6.602137, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.958165, "energy": 19.281003, "activity_lines": [ 38.926666, 38.105455, 37.87381, 38.068172 ] }, { "date": "2025-05-30", "close": 38.450001, "volume": 2973594, "typical_volume": 1259981.55, "trend": 38.131667, "fair_value": 31.499551, "relative_strength": 4.497439, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.900082, "energy": 14.742049, "activity_lines": [ 38.81, 38.289091, 37.894762, 38.090538 ] }, { "date": "2025-06-06", "close": 37.599998, "volume": 1437321, "typical_volume": 1257661.35, "trend": 38.148334, "fair_value": 31.548077, "relative_strength": 0.958248, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.498773, "energy": 6.405805, "activity_lines": [ 38.356666, 38.260909, 37.832143, 38.056237 ] }, { "date": "2025-06-13", "close": 39.75, "volume": 3637217, "typical_volume": 1391233.1, "trend": 38.263334, "fair_value": 31.612179, "relative_strength": 9.068032, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.431402, "energy": 11.127029, "activity_lines": [ 38.746666, 38.62, 37.987619, 38.15957 ] }, { "date": "2025-06-20", "close": 41.450001, "volume": 603825, "typical_volume": 1365695.7, "trend": 38.421667, "fair_value": 31.706731, "relative_strength": 13.738896, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.393333, "energy": 23.962414, "activity_lines": [ 39.653333, 39.22, 38.306191, 38.365161 ] }, { "date": "2025-06-27", "close": 42.5, "volume": 626089, "typical_volume": 1319381.75, "trend": 38.561667, "fair_value": 31.815385, "relative_strength": 13.305328, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.794504, "energy": 57.808159, "activity_lines": [ 40.746667, 39.888182, 38.721191, 38.62828 ] }, { "date": "2025-07-04", "close": 41.650002, "volume": 702241, "typical_volume": 1293750.65, "trend": 38.683334, "fair_value": 31.889423, "relative_strength": 10.409696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.064224, "energy": 64.542377, "activity_lines": [ 41.313334, 40.301818, 39.05381, 38.827527 ] }, { "date": "2025-07-11", "close": 40.299999, "volume": 547308, "typical_volume": 1220548.4, "trend": 38.756667, "fair_value": 31.955769, "relative_strength": 5.314406, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.106934, "energy": 63.184052, "activity_lines": [ 41.216667, 40.397273, 39.248572, 38.931828 ] }, { "date": "2025-07-18", "close": 40.400002, "volume": 288408, "typical_volume": 1196498.85, "trend": 38.823334, "fair_value": 32.00641, "relative_strength": 5.414003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.788357, "energy": 55.888744, "activity_lines": [ 40.973334, 40.496364, 39.443334, 39.03785 ] }, { "date": "2025-07-25", "close": 41.200001, "volume": 581779, "typical_volume": 1192270.8, "trend": 38.906667, "fair_value": 32.055769, "relative_strength": 4.91937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.006041, "energy": 39.148137, "activity_lines": [ 40.953334, 40.715455, 39.710953, 39.191183 ] }, { "date": "2025-08-01", "close": 39.950001, "volume": 625108, "typical_volume": 1195102.85, "trend": 38.928334, "fair_value": 32.097436, "relative_strength": 4.559229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.408621, "energy": 22.963478, "activity_lines": [ 40.533334, 40.667273, 39.833334, 39.258495 ] }, { "date": "2025-08-08", "close": 40.099998, "volume": 454123, "typical_volume": 1187340.3, "trend": 39.001667, "fair_value": 32.141987, "relative_strength": 2.075893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.191385, "energy": 20.17338, "activity_lines": [ 40.333333, 40.626364, 39.949286, 39.334086 ] }, { "date": "2025-08-15", "close": 38.849998, "volume": 310403, "typical_volume": 1167826.1, "trend": 38.95, "fair_value": 32.182692, "relative_strength": -2.482669, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.361884, "energy": 14.851782, "activity_lines": [ 39.819999, 40.328182, 39.923333, 39.324301 ] }, { "date": "2025-08-22", "close": 39.5, "volume": 171975, "typical_volume": 1131822.6, "trend": 38.933334, "fair_value": 32.248397, "relative_strength": -2.590815, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.259829, "energy": 17.994731, "activity_lines": [ 39.619999, 40.125454, 39.952381, 39.359785 ] }, { "date": "2025-08-29", "close": 39.150002, "volume": 183069, "typical_volume": 976132.75, "trend": 38.881667, "fair_value": 32.303846, "relative_strength": -1.142997, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.116241, "energy": 13.282185, "activity_lines": [ 39.363333, 39.863637, 39.931429, 39.373764 ] }, { "date": "2025-09-05", "close": 39.700001, "volume": 1669110, "typical_volume": 999895.9, "trend": 38.798334, "fair_value": 32.369231, "relative_strength": 0.091313, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.212132, "energy": 12.938368, "activity_lines": [ 39.426667, 39.743637, 39.941667, 39.426559 ] }, { "date": "2025-09-12", "close": 41.5, "volume": 1921746, "typical_volume": 1082465.5, "trend": 38.858334, "fair_value": 32.452885, "relative_strength": 4.118615, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.379578, "energy": 19.612858, "activity_lines": [ 40.106667, 40.001818, 40.110476, 39.60086 ] }, { "date": "2025-09-19", "close": 41.0, "volume": 4680436, "typical_volume": 1263390.05, "trend": 38.948334, "fair_value": 32.549679, "relative_strength": 2.244467, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 39.434288, "energy": 25.444558, "activity_lines": [ 40.526667, 40.171818, 40.213334, 39.739032 ] }, { "date": "2025-09-26", "close": 39.650002, "volume": 427339, "typical_volume": 1221375.2, "trend": 38.946667, "fair_value": 32.632372, "relative_strength": -1.211017, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.049832, "energy": 20.888897, "activity_lines": [ 40.353334, 40.083637, 40.180477, 39.784301 ] }, { "date": "2025-10-03", "close": 39.950001, "volume": 944494, "typical_volume": 1199913.6, "trend": 39.088334, "fair_value": 32.725, "relative_strength": -3.592573, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.784816, "energy": 19.984638, "activity_lines": [ 40.270001, 40.063637, 40.173096, 39.849033 ] }, { "date": "2025-10-10", "close": 40.900002, "volume": 1375887, "typical_volume": 1208073.6, "trend": 39.265, "fair_value": 32.823718, "relative_strength": -0.556553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.501684, "energy": 20.280188, "activity_lines": [ 40.450001, 40.239092, 40.251667, 39.965914 ] }, { "date": "2025-10-17", "close": 41.049999, "volume": 2667443, "typical_volume": 1192766.05, "trend": 39.456667, "fair_value": 32.926603, "relative_strength": 0.003147, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.725443, "energy": 22.769659, "activity_lines": [ 40.600001, 40.424546, 40.334762, 40.081076 ] }, { "date": "2025-10-24", "close": 43.650002, "volume": 875128, "typical_volume": 1164656.4, "trend": 39.665, "fair_value": 33.058974, "relative_strength": 2.954394, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.429458, "energy": 53.200423, "activity_lines": [ 41.646668, 41.065456, 40.653096, 40.351613 ] }, { "date": "2025-10-31", "close": 41.849998, "volume": 660490, "typical_volume": 1015820.05, "trend": 39.86, "fair_value": 33.165064, "relative_strength": -0.636989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.372128, "energy": 52.280988, "activity_lines": [ 41.916667, 41.291819, 40.771191, 40.492581 ] }, { "date": "2025-11-07", "close": 41.25, "volume": 757016, "typical_volume": 1023479.6, "trend": 40.078334, "fair_value": 33.261218, "relative_strength": -0.918898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.699572, "energy": 47.983231, "activity_lines": [ 41.84, 41.366364, 40.822143, 40.582258 ] }, { "date": "2025-11-14", "close": 40.400002, "volume": 1403961, "typical_volume": 1062373.2, "trend": 40.191667, "fair_value": 33.35609, "relative_strength": -3.828781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.572263, "energy": 32.209729, "activity_lines": [ 41.393334, 41.248182, 40.793096, 40.603011 ] }, { "date": "2025-11-21", "close": 40.849998, "volume": 2005910, "typical_volume": 1127556.65, "trend": 40.298334, "fair_value": 33.459615, "relative_strength": -0.743546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.055213, "energy": 13.77203, "activity_lines": [ 41.13, 41.199091, 40.816905, 40.645484 ] }, { "date": "2025-11-28", "close": 41.599998, "volume": 769651, "typical_volume": 1138673.8, "trend": 40.368333, "fair_value": 33.573397, "relative_strength": -2.088448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.209037, "energy": 15.660146, "activity_lines": [ 41.129999, 41.298181, 40.915952, 40.729463 ] }, { "date": "2025-12-05", "close": 40.799999, "volume": 922411, "typical_volume": 1170373.95, "trend": 40.428333, "fair_value": 33.680128, "relative_strength": -5.279092, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.172543, "energy": 14.312299, "activity_lines": [ 40.999999, 41.240909, 40.932619, 40.757312 ] }, { "date": "2025-12-12", "close": 41.0, "volume": 1149660, "typical_volume": 1198768.0, "trend": 40.495, "fair_value": 33.784936, "relative_strength": -4.580886, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.828189, "energy": 12.096678, "activity_lines": [ 41.006666, 41.19909, 40.966429, 40.794194 ] }, { "date": "2025-12-19", "close": 40.700001, "volume": 1100207, "typical_volume": 1222522.95, "trend": 40.556667, "fair_value": 33.8875, "relative_strength": -5.81265, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.423942, "energy": 10.12704, "activity_lines": [ 40.93, 41.083636, 40.972619, 40.807419 ] }, { "date": "2025-12-26", "close": 40.650002, "volume": 350026, "typical_volume": 1217318.1, "trend": 40.63, "fair_value": 33.991667, "relative_strength": -6.035278, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.604009, "energy": 7.50638, "activity_lines": [ 40.816667, 40.962727, 40.970476, 40.813441 ] }, { "date": "2026-01-02", "close": 40.25, "volume": 481473, "typical_volume": 1225871.6, "trend": 40.718334, "fair_value": 34.08109, "relative_strength": -7.800469, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.583502, "energy": 8.937012, "activity_lines": [ 40.583334, 40.776364, 40.927619, 40.788925 ] }, { "date": "2026-01-09", "close": 43.049999, "volume": 921994, "typical_volume": 1263372.55, "trend": 40.828334, "fair_value": 34.179808, "relative_strength": -4.417201, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.362091, "energy": 25.542305, "activity_lines": [ 41.373334, 41.160909, 41.144762, 40.939355 ] }, { "date": "2026-01-16", "close": 42.349998, "volume": 830572, "typical_volume": 1295747.7, "trend": 40.858334, "fair_value": 34.269551, "relative_strength": -7.791026, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.244574, "energy": 37.675722, "activity_lines": [ 41.779999, 41.396363, 41.278333, 41.037527 ] }, { "date": "2026-01-23", "close": 41.799999, "volume": 756026, "typical_volume": 1250093.5, "trend": 40.835, "fair_value": 34.359936, "relative_strength": -8.089535, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.823015, "energy": 41.76756, "activity_lines": [ 41.913332, 41.511818, 41.344285, 41.098279 ] }, { "date": "2026-01-30", "close": 41.950001, "volume": 4032662, "typical_volume": 1355639.3, "trend": 40.845, "fair_value": 34.44359, "relative_strength": -7.992309, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.197901, "energy": 44.473343, "activity_lines": [ 42.023333, 41.629091, 41.414524, 41.170215 ] }, { "date": "2026-02-06", "close": 41.75, "volume": 3016362, "typical_volume": 1272435.6, "trend": 40.893333, "fair_value": 34.519231, "relative_strength": -10.889316, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.429535, "energy": 34.118919, "activity_lines": [ 41.98, 41.69, 41.463571, 41.228602 ] }, { "date": "2026-02-13", "close": 40.25, "volume": 3454622, "typical_volume": 1423799.75, "trend": 40.888333, "fair_value": 34.595833, "relative_strength": -13.883272, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.613548, "energy": 8.077425, "activity_lines": [ 41.336667, 41.475454, 41.36619, 41.187097 ] }, { "date": "2026-02-20", "close": 41.150002, "volume": 3068746, "typical_volume": 1530012.35, "trend": 40.886667, "fair_value": 34.680769, "relative_strength": -13.513596, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.247582, "energy": 12.402572, "activity_lines": [ 41.180001, 41.434546, 41.351667, 41.203979 ] }, { "date": "2026-02-27", "close": 41.599998, "volume": 2858215, "typical_volume": 1604128.75, "trend": 40.941667, "fair_value": 34.772115, "relative_strength": -13.530379, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.088773, "energy": 13.689748, "activity_lines": [ 41.253333, 41.472727, 41.374286, 41.25 ] }, { "date": "2026-03-06", "close": 39.299999, "volume": 1615763, "typical_volume": 1551544.75, "trend": 40.915, "fair_value": 34.857372, "relative_strength": -13.342689, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.312526, "energy": 20.014892, "activity_lines": [ 40.573333, 41.076363, 41.174524, 41.144086 ] }, { "date": "2026-03-13", "close": 38.150002, "volume": 1363383, "typical_volume": 1575957.5, "trend": 40.891667, "fair_value": 34.940064, "relative_strength": -15.256634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.379864, "energy": 48.111928, "activity_lines": [ 39.686667, 40.495455, 40.873571, 40.965699 ] }, { "date": "2026-03-20", "close": 36.5, "volume": 1596232, "typical_volume": 1622744.6, "trend": 40.791667, "fair_value": 35.027885, "relative_strength": -14.486943, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.656738, "energy": 74.123781, "activity_lines": [ 38.49, 39.652727, 40.441667, 40.682366 ] }, { "date": "2026-03-27", "close": 34.75, "volume": 2438543, "typical_volume": 1706820.95, "trend": 40.645, "fair_value": 35.092308, "relative_strength": -18.293422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.872948, "energy": 84.083096, "activity_lines": [ 36.96, 38.610909, 39.868571, 40.292581 ] }, { "date": "2026-04-03", "close": 36.349998, "volume": 740391, "typical_volume": 1673642.45, "trend": 40.533333, "fair_value": 35.157692, "relative_strength": -17.090404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.594441, "energy": 77.82541, "activity_lines": [ 36.39, 37.998182, 39.478809, 40.015484 ] }, { "date": "2026-04-10", "close": 37.650002, "volume": 1481721, "typical_volume": 1647433.0, "trend": 40.405, "fair_value": 35.220192, "relative_strength": -17.77271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.823128, "energy": 74.625489, "activity_lines": [ 36.603334, 37.720909, 39.232143, 39.829462 ] }, { "date": "2026-04-17", "close": 41.0, "volume": 2733052, "typical_volume": 1745603.05, "trend": 40.405, "fair_value": 35.307051, "relative_strength": -12.164997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.947232, "energy": 33.384475, "activity_lines": [ 38.043333, 38.130909, 39.319762, 39.867849 ] }, { "date": "2026-04-24", "close": 38.299999, "volume": 1518940, "typical_volume": 1775429.5, "trend": 40.36, "fair_value": 35.377885, "relative_strength": -15.454236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.149193, "energy": 20.548249, "activity_lines": [ 38.393333, 38.063636, 39.153095, 39.732043 ] }, { "date": "2026-05-01", "close": 37.849998, "volume": 760658, "typical_volume": 1755979.4, "trend": 40.29, "fair_value": 35.455449, "relative_strength": -14.92812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.292087, "energy": 22.078928, "activity_lines": [ 38.473333, 37.95, 38.955476, 39.570107 ] }, { "date": "2026-05-08", "close": 38.049999, "volume": 2258723, "typical_volume": 1813905.2, "trend": 40.195, "fair_value": 35.540064, "relative_strength": -14.444566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.163111, "energy": 20.991063, "activity_lines": [ 38.413332, 37.932727, 38.791904, 39.425591 ] }, { "date": "2026-05-15", "close": 38.299999, "volume": 695974, "typical_volume": 1831202.6, "trend": 40.103333, "fair_value": 35.620833, "relative_strength": -12.510105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.548934, "energy": 20.339648, "activity_lines": [ 38.323332, 38.025454, 38.664761, 39.303333 ] }, { "date": "2026-05-22", "close": 39.849998, "volume": 740460, "typical_volume": 1844151.95, "trend": 39.976666, "fair_value": 35.709295, "relative_strength": -11.789986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.554656, "energy": 12.225864, "activity_lines": [ 38.706665, 38.418181, 38.696428, 39.286989 ] }, { "date": "2026-05-29", "close": 42.400002, "volume": 6142754, "typical_volume": 2105189.95, "trend": 39.995, "fair_value": 35.819551, "relative_strength": -5.665809, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.863883, "energy": 21.566139, "activity_lines": [ 40.016666, 39.243636, 38.972857, 39.443333 ] }, { "date": "2026-06-05", "close": 38.150002, "volume": 53495, "typical_volume": 2066336.1, "trend": 39.891666, "fair_value": 35.899679, "relative_strength": -14.223219, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.832662, "energy": 16.176481, "activity_lines": [ 39.636667, 39.189091, 38.847619, 39.324301 ] }, { "date": "2026-06-12", "close": 38.700001, "volume": 762521, "typical_volume": 2066660.85, "trend": 39.835, "fair_value": 35.976603, "relative_strength": -12.467369, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.748346, "energy": 13.662492, "activity_lines": [ 39.420001, 39.172727, 38.794762, 39.247419 ] }, { "date": "2026-06-19", "close": 36.900002, "volume": 607281, "typical_volume": 1895391.8, "trend": 39.703333, "fair_value": 36.050962, "relative_strength": -17.652838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.941852, "energy": 17.440867, "activity_lines": [ 38.560001, 38.786364, 38.585238, 39.058065 ] }, { "date": "2026-06-26", "close": 37.549999, "volume": 179538, "typical_volume": 1753550.6, "trend": 39.568333, "fair_value": 36.122115, "relative_strength": -14.94957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.656065, "energy": 29.274106, "activity_lines": [ 38.010001, 38.531819, 38.461667, 38.91914 ] }, { "date": "2026-07-03", "close": 39.049999, "volume": 392338, "typical_volume": 1600436.4, "trend": 39.51, "fair_value": 36.199359, "relative_strength": -13.558125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.737597, "energy": 24.915863, "activity_lines": [ 38.113333, 38.612727, 38.500952, 38.885699 ] }, { "date": "2026-07-10", "close": 37.75, "volume": 1854661, "typical_volume": 1539732.15, "trend": 39.401667, "fair_value": 36.269231, "relative_strength": -14.145419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.329123, "energy": 27.655412, "activity_lines": [ 38.006667, 38.443637, 38.422143, 38.77215 ] }, { "date": "2026-07-17", "close": 36.799999, "volume": 516099, "typical_volume": 1422626.35, "trend": 39.271667, "fair_value": 36.329167, "relative_strength": -14.993153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.802929, "energy": 39.251597, "activity_lines": [ 37.609999, 38.103636, 38.269048, 38.604301 ] }, { "date": "2026-07-24", "close": 36.450001, "volume": 388817, "typical_volume": 1361279.05, "trend": 39.131667, "fair_value": 36.388782, "relative_strength": -16.673549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.583508, "energy": 38.300526, "activity_lines": [ 37.223333, 37.722727, 38.105476, 38.422258 ] }, { "date": "2026-07-31", "close": 36.799999, "volume": 337439, "typical_volume": 1309981.85, "trend": 39.016666, "fair_value": 36.442628, "relative_strength": -16.578621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.741922, "energy": 43.254905, "activity_lines": [ 36.983333, 37.439091, 37.988809, 38.271828 ] }, { "date": "2026-08-07", "close": 37.049999, "volume": 696998, "typical_volume": 1265020.15, "trend": 38.816666, "fair_value": 36.497115, "relative_strength": -17.175976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.985502, "energy": 43.705749, "activity_lines": [ 36.876666, 37.256363, 37.902381, 38.144946 ] } ], "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." } } }