{ "ticker": { "uuid": "eae64d37-72a1-45bc-8dd8-4c97c0220ee0", "symbol": "PLAY", "name": "Dave & Buster\u2019s Entertainment", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -57.678, "architecture_energy": 44.24, "architecture_maturity": 45.179, "architecture_confidence": 94.447, "architecture_tenure": "Established", "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": 24.89, "rotation_up": 17.09, "upward_expansion": 6.62, "deceleration": 45.14, "rotation_down": 59.82, "downward_expansion": 82.29 }, "activity_lines": [ 10.343333, 10.702545, 11.183048, 11.747441 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 10.27, "trend_reference": 13.078333, "distance_from_trend": -0.214732, "trend_direction": "Weakening", "fair_value": 30.088526, "distance_from_fair_value": -0.658674, "fair_value_direction": "Improving", "relative_strength": -42.986909, "relative_strength_direction": "Improving", "price_momentum": -0.467047, "excess_performance": -0.654501, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.214732, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.121139, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.658674, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.024685, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.429869, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.141839, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.467047, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.368476, "read": "Supply-led" } ], "volume": { "latest": 9779674, "relative_activity": 1.113512, "balance": 0.368476, "dry_up": 0.858687, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.182608, "annualized_volatility": 0.84896, "from_high_reference": -0.615644, "from_low_reference": 0.092553 }, "levels": { "trend_reference": 13.078333, "fair_value_reference": 30.088526, "structural_low": 9.4, "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": 28, "median_return": 0.005291, "positive_rate": 0.535714, "directional_follow_through": 0.464286, "median_excess_return": 0.000199, "regime_survival": 0.642857, "best_return": 0.396113, "worst_return": -0.159475, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.105242, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.086588, "regime_survival": 0.416667, "best_return": 0.613672, "worst_return": -0.352437, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.044955, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": -0.006598, "regime_survival": 0.142857, "best_return": 0.375358, "worst_return": -0.268023, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.0352, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.240977, "regime_survival": 0.5, "best_return": 0.20942, "worst_return": -0.439259, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-31", "end": "2024-06-21", "tenure": "New", "return": -0.19769, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-10-25", "tenure": "Established", "return": -0.06104, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-12-20", "tenure": "Developing", "return": -0.289419, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-05-30", "tenure": "Established", "return": -0.246397, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-06", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.069937, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": -0.202337, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": -0.233385, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-10-24", "tenure": "Developing", "return": -0.092987, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-01-16", "tenure": "Developing", "return": 0.339687, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": -0.28335, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-04-24", "tenure": "Developing", "return": -0.117394, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-01", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": -0.00388, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 40.1, "volume": 4057308, "typical_volume": 6137667.2, "trend": 39.2595, "fair_value": 36.67141, "relative_strength": -10.289665, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.365639, "energy": 22.584702, "activity_lines": [ 41.859333, 43.055455, 41.035143, 39.833462 ] }, { "date": "2023-08-25", "close": 39.16, "volume": 4051571, "typical_volume": 6065794.95, "trend": 39.178167, "fair_value": 36.81, "relative_strength": -13.398305, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.634366, "energy": 23.669355, "activity_lines": [ 40.575333, 42.311818, 41.045405, 39.827043 ] }, { "date": "2023-09-01", "close": 39.7, "volume": 4006800, "typical_volume": 5956804.3, "trend": 39.011167, "fair_value": 36.943654, "relative_strength": -14.854899, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.182103, "energy": 23.066345, "activity_lines": [ 39.948, 41.684364, 41.082429, 39.86071 ] }, { "date": "2023-09-08", "close": 34.7, "volume": 12268897, "typical_volume": 6321440.15, "trend": 38.714167, "fair_value": 37.060128, "relative_strength": -24.172535, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.596416, "energy": 37.156661, "activity_lines": [ 38.034, 40.202182, 40.621738, 39.58257 ] }, { "date": "2023-09-15", "close": 36.57, "volume": 10584430, "typical_volume": 6548389.0, "trend": 38.509833, "fair_value": 37.188974, "relative_strength": -19.303614, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.928299, "energy": 49.329036, "activity_lines": [ 37.278, 39.239273, 40.335762, 39.444237 ] }, { "date": "2023-09-22", "close": 35.95, "volume": 6379920, "typical_volume": 6559718.55, "trend": 38.3635, "fair_value": 37.316891, "relative_strength": -17.707199, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.880574, "energy": 60.044104, "activity_lines": [ 36.579333, 38.308727, 39.985452, 39.279086 ] }, { "date": "2023-09-29", "close": 37.07, "volume": 4736616, "typical_volume": 6497905.8, "trend": 38.2185, "fair_value": 37.453814, "relative_strength": -15.04898, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.831021, "energy": 59.353176, "activity_lines": [ 36.530667, 37.755273, 39.743619, 39.195634 ] }, { "date": "2023-10-06", "close": 34.96, "volume": 3942671, "typical_volume": 6314160.8, "trend": 38.185833, "fair_value": 37.574712, "relative_strength": -21.000565, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.057694, "energy": 57.871514, "activity_lines": [ 35.918, 36.986182, 39.289024, 38.985409 ] }, { "date": "2023-10-13", "close": 33.29, "volume": 3909552, "typical_volume": 6287337.65, "trend": 38.1525, "fair_value": 37.684455, "relative_strength": -24.440192, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.63283, "energy": 54.19755, "activity_lines": [ 35.064667, 36.103273, 38.67319, 38.669548 ] }, { "date": "2023-10-20", "close": 35.75, "volume": 4780708, "typical_volume": 6359508.6, "trend": 38.166167, "fair_value": 37.782532, "relative_strength": -15.974351, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.952157, "energy": 37.97692, "activity_lines": [ 35.125333, 35.839091, 38.290833, 38.514548 ] }, { "date": "2023-10-27", "close": 34.64, "volume": 2524272, "typical_volume": 5712584.2, "trend": 38.0945, "fair_value": 37.894583, "relative_strength": -15.801977, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.350641, "energy": 39.950996, "activity_lines": [ 34.870667, 35.46, 37.791667, 38.287054 ] }, { "date": "2023-11-03", "close": 36.35, "volume": 3546035, "typical_volume": 5085548.3, "trend": 38.1735, "fair_value": 38.009006, "relative_strength": -16.425351, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.401066, "energy": 32.336094, "activity_lines": [ 35.273333, 35.491091, 37.471238, 38.174505 ] }, { "date": "2023-11-10", "close": 35.37, "volume": 2909303, "typical_volume": 4921804.65, "trend": 38.179833, "fair_value": 38.095673, "relative_strength": -20.402567, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.039121, "energy": 32.524253, "activity_lines": [ 35.397333, 35.395091, 37.075571, 37.993634 ] }, { "date": "2023-11-17", "close": 38.39, "volume": 4242666, "typical_volume": 4923784.0, "trend": 38.3265, "fair_value": 38.189327, "relative_strength": -14.762357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.207865, "energy": 19.257471, "activity_lines": [ 36.500667, 35.926909, 37.002381, 38.007194 ] }, { "date": "2023-11-24", "close": 39.08, "volume": 1807886, "typical_volume": 4861777.3, "trend": 38.447167, "fair_value": 38.26875, "relative_strength": -13.489557, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.322644, "energy": 18.398905, "activity_lines": [ 37.494, 36.517091, 37.024286, 38.055806 ] }, { "date": "2023-12-01", "close": 43.14, "volume": 4021203, "typical_volume": 4788082.9, "trend": 38.674167, "fair_value": 38.374327, "relative_strength": -4.229494, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 35.238016, "energy": 33.553346, "activity_lines": [ 39.618667, 37.799818, 37.458905, 38.35857 ] }, { "date": "2023-12-08", "close": 47.29, "volume": 11015099, "typical_volume": 5044239.75, "trend": 39.0975, "fair_value": 38.517083, "relative_strength": 4.443014, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.080134, "energy": 66.393146, "activity_lines": [ 42.56, 39.706364, 38.299952, 38.91443 ] }, { "date": "2023-12-15", "close": 49.79, "volume": 7527069, "typical_volume": 5268364.7, "trend": 39.607167, "fair_value": 38.658173, "relative_strength": 6.419563, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.886883, "energy": 78.511165, "activity_lines": [ 45.605333, 41.881636, 39.374429, 39.604269 ] }, { "date": "2023-12-22", "close": 53.2, "volume": 4966965, "typical_volume": 5259517.6, "trend": 40.2765, "fair_value": 38.809583, "relative_strength": 12.664784, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 92.326252, "energy": 96.684956, "activity_lines": [ 48.826, 44.407273, 40.752762, 40.481226 ] }, { "date": "2023-12-29", "close": 53.85, "volume": 3361297, "typical_volume": 5232013.4, "trend": 40.9575, "fair_value": 38.96234, "relative_strength": 13.711801, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.413554, "energy": 94.48096, "activity_lines": [ 51.276, 46.689091, 42.143095, 41.356935 ] }, { "date": "2024-01-05", "close": 50.67, "volume": 7154320, "typical_volume": 5386864.0, "trend": 41.380667, "fair_value": 39.085673, "relative_strength": 10.751521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.060353, "energy": 87.683281, "activity_lines": [ 51.681333, 48.063636, 43.167143, 41.983548 ] }, { "date": "2024-01-12", "close": 49.24, "volume": 5526445, "typical_volume": 5460607.7, "trend": 41.683667, "fair_value": 39.185545, "relative_strength": 4.850642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.057454, "energy": 78.476604, "activity_lines": [ 51.108, 48.886727, 44.004667, 42.490602 ] }, { "date": "2024-01-19", "close": 48.57, "volume": 4295221, "typical_volume": 5475028.75, "trend": 41.879667, "fair_value": 39.278942, "relative_strength": 1.158271, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.914437, "energy": 58.768, "activity_lines": [ 50.181333, 49.353636, 44.730381, 42.934882 ] }, { "date": "2024-01-26", "close": 51.35, "volume": 4409636, "typical_volume": 5082065.7, "trend": 42.106, "fair_value": 39.390032, "relative_strength": 6.648417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.751855, "energy": 52.667171, "activity_lines": [ 50.262667, 50.086, 45.678619, 43.545871 ] }, { "date": "2024-02-02", "close": 55.19, "volume": 4982195, "typical_volume": 4801953.95, "trend": 42.460667, "fair_value": 39.507981, "relative_strength": 13.587879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.008781, "energy": 59.496187, "activity_lines": [ 51.747333, 51.280909, 46.913286, 44.39 ] }, { "date": "2024-02-09", "close": 59.47, "volume": 4451968, "typical_volume": 4705556.35, "trend": 42.926667, "fair_value": 39.645865, "relative_strength": 20.35849, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.851491, "energy": 68.091331, "activity_lines": [ 54.569333, 52.961091, 48.466905, 45.487376 ] }, { "date": "2024-02-16", "close": 60.8, "volume": 4458825, "typical_volume": 4691666.8, "trend": 43.409667, "fair_value": 39.786314, "relative_strength": 24.935145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.677282, "energy": 88.545443, "activity_lines": [ 57.248, 54.586182, 50.03519, 46.640495 ] }, { "date": "2024-02-23", "close": 63.74, "volume": 2894751, "typical_volume": 4639270.8, "trend": 44.021, "fair_value": 39.934583, "relative_strength": 28.965982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.061526, "energy": 92.961251, "activity_lines": [ 60.136, 56.500182, 51.770476, 47.952129 ] }, { "date": "2024-03-01", "close": 62.48, "volume": 3526794, "typical_volume": 4620132.9, "trend": 44.679667, "fair_value": 40.063429, "relative_strength": 23.8896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.165843, "energy": 89.301642, "activity_lines": [ 61.592667, 57.931455, 53.248714, 49.143032 ] }, { "date": "2024-03-08", "close": 63.04, "volume": 3503152, "typical_volume": 4556255.1, "trend": 45.43, "fair_value": 40.169327, "relative_strength": 26.485623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.216715, "energy": 87.020399, "activity_lines": [ 62.494, 59.295818, 54.641286, 50.32757 ] }, { "date": "2024-03-15", "close": 62.67, "volume": 4057185, "typical_volume": 4632900.75, "trend": 46.182333, "fair_value": 40.274519, "relative_strength": 26.548897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.609433, "energy": 77.438168, "activity_lines": [ 62.748667, 60.425818, 55.868667, 51.439828 ] }, { "date": "2024-03-22", "close": 60.94, "volume": 3585529, "typical_volume": 4634875.45, "trend": 46.908333, "fair_value": 40.350417, "relative_strength": 19.021603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.118498, "energy": 63.785867, "activity_lines": [ 62.213333, 61.023091, 56.79781, 52.391935 ] }, { "date": "2024-03-29", "close": 62.6, "volume": 5471974, "typical_volume": 4763009.0, "trend": 47.671667, "fair_value": 40.46125, "relative_strength": 22.391283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.028905, "energy": 60.67133, "activity_lines": [ 62.222, 61.709455, 57.767952, 53.404301 ] }, { "date": "2024-04-05", "close": 64.62, "volume": 13025618, "typical_volume": 5202156.6, "trend": 48.669, "fair_value": 40.592981, "relative_strength": 26.528937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.710767, "energy": 59.444554, "activity_lines": [ 62.98, 62.508, 58.80081, 54.497742 ] }, { "date": "2024-04-12", "close": 56.09, "volume": 8651118, "typical_volume": 5544318.2, "trend": 49.319667, "fair_value": 40.671891, "relative_strength": 10.071157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.452116, "energy": 36.796925, "activity_lines": [ 60.752, 61.514364, 58.896381, 54.976516 ] }, { "date": "2024-04-19", "close": 53.7, "volume": 7202952, "typical_volume": 5703405.65, "trend": 49.911333, "fair_value": 40.716442, "relative_strength": 10.990412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.871328, "energy": 18.515289, "activity_lines": [ 58.190667, 60.069818, 58.683333, 55.259118 ] }, { "date": "2024-04-26", "close": 52.17, "volume": 5856184, "typical_volume": 5445459.9, "trend": 50.414667, "fair_value": 40.758173, "relative_strength": 3.560515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.743336, "energy": 18.569014, "activity_lines": [ 55.717333, 58.452, 58.274286, 55.404839 ] }, { "date": "2024-05-03", "close": 52.82, "volume": 5116499, "typical_volume": 5324931.4, "trend": 51.01, "fair_value": 40.809263, "relative_strength": 3.635291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.719491, "energy": 24.931865, "activity_lines": [ 54.045333, 57.109273, 57.903905, 55.560022 ] }, { "date": "2024-05-10", "close": 53.76, "volume": 4068234, "typical_volume": 5279994.85, "trend": 51.692333, "fair_value": 40.871763, "relative_strength": 3.662887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.109607, "energy": 25.531798, "activity_lines": [ 53.338667, 56.136, 57.608619, 55.737441 ] }, { "date": "2024-05-17", "close": 52.8, "volume": 5593827, "typical_volume": 5391621.35, "trend": 52.260667, "fair_value": 40.946378, "relative_strength": -0.59704, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.127308, "energy": 24.689486, "activity_lines": [ 53.036, 55.146727, 57.219238, 55.808903 ] }, { "date": "2024-05-24", "close": 49.81, "volume": 6479576, "typical_volume": 5357884.15, "trend": 52.766333, "fair_value": 40.994647, "relative_strength": -7.690965, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.906993, "energy": 47.875065, "activity_lines": [ 51.956, 53.8, 56.550095, 55.650796 ] }, { "date": "2024-05-31", "close": 51.09, "volume": 5043080, "typical_volume": 5333715.9, "trend": 53.257667, "fair_value": 41.057276, "relative_strength": -4.087404, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.579658, "energy": 36.607741, "activity_lines": [ 51.562, 52.919818, 56.006952, 55.542645 ] }, { "date": "2024-06-07", "close": 48.89, "volume": 6881519, "typical_volume": 5463030.8, "trend": 53.708333, "fair_value": 41.095865, "relative_strength": -10.613614, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.990517, "energy": 42.155898, "activity_lines": [ 50.506667, 51.818727, 55.245476, 55.26086 ] }, { "date": "2024-06-14", "close": 43.77, "volume": 16632722, "typical_volume": 6074185.1, "trend": 53.887667, "fair_value": 41.122147, "relative_strength": -22.451377, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.855422, "energy": 61.738699, "activity_lines": [ 48.006667, 50.036, 53.994857, 54.619677 ] }, { "date": "2024-06-21", "close": 40.99, "volume": 5652414, "typical_volume": 6107696.05, "trend": 53.951333, "fair_value": 41.124071, "relative_strength": -27.133792, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.156467, "energy": 82.223412, "activity_lines": [ 45.246, 48.126909, 52.515571, 53.78757 ] }, { "date": "2024-06-28", "close": 39.81, "volume": 6629277, "typical_volume": 6216561.5, "trend": 53.840333, "fair_value": 41.123301, "relative_strength": -28.739125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.716311, "energy": 87.825145, "activity_lines": [ 42.879333, 46.277818, 50.991524, 52.875226 ] }, { "date": "2024-07-05", "close": 37.87, "volume": 4270570, "typical_volume": 6207148.75, "trend": 53.526333, "fair_value": 41.119199, "relative_strength": -34.039139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.165781, "energy": 92.263187, "activity_lines": [ 40.532667, 44.328545, 49.376333, 51.844882 ] }, { "date": "2024-07-12", "close": 40.33, "volume": 6199731, "typical_volume": 6372397.75, "trend": 53.211, "fair_value": 41.151506, "relative_strength": -29.100759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.796312, "energy": 87.200533, "activity_lines": [ 39.887333, 43.086545, 48.104619, 50.993505 ] }, { "date": "2024-07-19", "close": 38.82, "volume": 5095857, "typical_volume": 6450850.9, "trend": 52.731667, "fair_value": 41.183173, "relative_strength": -28.435388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.57901, "energy": 87.388933, "activity_lines": [ 39.309333, 41.797091, 46.800571, 50.065054 ] }, { "date": "2024-07-26", "close": 36.06, "volume": 5811048, "typical_volume": 6566245.7, "trend": 52.138667, "fair_value": 41.200994, "relative_strength": -31.283271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.667892, "energy": 89.443481, "activity_lines": [ 38.141333, 40.277455, 45.346333, 48.989462 ] }, { "date": "2024-08-02", "close": 33.5, "volume": 4586900, "typical_volume": 6592731.45, "trend": 51.566333, "fair_value": 41.192917, "relative_strength": -33.677777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.874967, "energy": 82.365442, "activity_lines": [ 36.448667, 38.596727, 43.776762, 47.786968 ] }, { "date": "2024-08-09", "close": 31.76, "volume": 3609487, "typical_volume": 6593929.35, "trend": 50.983667, "fair_value": 41.167853, "relative_strength": -36.913311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.957927, "energy": 83.080711, "activity_lines": [ 34.596667, 36.896182, 42.180381, 46.50914 ] }, { "date": "2024-08-16", "close": 31.67, "volume": 5399301, "typical_volume": 6590295.7, "trend": 50.420333, "fair_value": 41.165994, "relative_strength": -39.875884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.600579, "energy": 84.296367, "activity_lines": [ 33.122, 35.530727, 40.714381, 45.263097 ] }, { "date": "2024-08-23", "close": 32.79, "volume": 3436547, "typical_volume": 6110842.15, "trend": 49.801667, "fair_value": 41.130801, "relative_strength": -37.963745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.943981, "energy": 80.70583, "activity_lines": [ 32.598, 34.682, 39.502333, 44.125656 ] }, { "date": "2024-08-30", "close": 31.34, "volume": 3928957, "typical_volume": 5874734.1, "trend": 49.006667, "fair_value": 41.098237, "relative_strength": -39.821632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.161392, "energy": 80.54746, "activity_lines": [ 31.992667, 33.769273, 38.303762, 42.934581 ] }, { "date": "2024-09-06", "close": 30.785, "volume": 4870860, "typical_volume": 5758129.5, "trend": 48.0505, "fair_value": 41.065769, "relative_strength": -36.974856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.612026, "energy": 72.283953, "activity_lines": [ 31.517, 32.931091, 37.17019, 41.758989 ] }, { "date": "2024-09-13", "close": 32.52, "volume": 19579229, "typical_volume": 6444281.75, "trend": 47.107833, "fair_value": 41.040769, "relative_strength": -36.810714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.335161, "energy": 64.051033, "activity_lines": [ 31.800667, 32.572455, 36.310976, 40.757022 ] }, { "date": "2024-09-20", "close": 32.3, "volume": 6007174, "typical_volume": 6488815.5, "trend": 46.059833, "fair_value": 40.981282, "relative_strength": -37.785699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.425675, "energy": 62.37925, "activity_lines": [ 31.960333, 32.271091, 35.524381, 39.801677 ] }, { "date": "2024-09-27", "close": 33.61, "volume": 7440534, "typical_volume": 6657430.5, "trend": 45.0975, "fair_value": 40.93, "relative_strength": -35.521275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.344745, "energy": 54.809341, "activity_lines": [ 32.514667, 32.353909, 34.960262, 38.998462 ] }, { "date": "2024-10-04", "close": 35.88, "volume": 5150079, "typical_volume": 6635243.1, "trend": 44.192167, "fair_value": 40.915513, "relative_strength": -30.963169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.001844, "energy": 40.389975, "activity_lines": [ 33.771, 32.944182, 34.708286, 38.403785 ] }, { "date": "2024-10-11", "close": 33.17, "volume": 6628547, "typical_volume": 6642691.65, "trend": 43.208833, "fair_value": 40.890769, "relative_strength": -36.678797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.504827, "energy": 34.680746, "activity_lines": [ 33.821333, 33.045, 34.278786, 37.692677 ] }, { "date": "2024-10-18", "close": 36.62, "volume": 7271890, "typical_volume": 6754132.15, "trend": 42.398167, "fair_value": 40.880192, "relative_strength": -29.901211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.426147, "energy": 22.28144, "activity_lines": [ 34.862667, 33.779091, 34.257095, 37.267591 ] }, { "date": "2024-10-25", "close": 37.38, "volume": 6877710, "typical_volume": 6753941.7, "trend": 41.5575, "fair_value": 40.881795, "relative_strength": -28.235619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.793, "energy": 17.553967, "activity_lines": [ 35.884, 34.563, 34.37669, 36.943839 ] }, { "date": "2024-11-01", "close": 38.56, "volume": 5383115, "typical_volume": 6191461.35, "trend": 40.688833, "fair_value": 40.87, "relative_strength": -24.489848, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.133389, "energy": 16.319559, "activity_lines": [ 36.96, 35.457636, 34.663476, 36.750452 ] }, { "date": "2024-11-08", "close": 39.26, "volume": 5926863, "typical_volume": 6205183.8, "trend": 40.127833, "fair_value": 40.877949, "relative_strength": -26.874785, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.777196, "energy": 23.820916, "activity_lines": [ 37.939333, 36.374636, 35.041738, 36.658269 ] }, { "date": "2024-11-15", "close": 38.01, "volume": 4422649, "typical_volume": 6094852.4, "trend": 39.604833, "fair_value": 40.888141, "relative_strength": -26.378309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.188428, "energy": 20.350979, "activity_lines": [ 38.276667, 36.920364, 35.30919, 36.521634 ] }, { "date": "2024-11-22", "close": 34.05, "volume": 6619623, "typical_volume": 6212305.05, "trend": 39.000833, "fair_value": 40.887756, "relative_strength": -34.844568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.557575, "energy": 15.231447, "activity_lines": [ 36.971333, 36.614727, 35.208071, 36.163258 ] }, { "date": "2024-11-29", "close": 39.32, "volume": 4483751, "typical_volume": 6126506.05, "trend": 38.550833, "fair_value": 40.946474, "relative_strength": -24.864338, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.292615, "energy": 10.743481, "activity_lines": [ 37.594, 37.239455, 35.627048, 36.183849 ] }, { "date": "2024-12-06", "close": 36.85, "volume": 6226202, "typical_volume": 6183023.3, "trend": 37.987167, "fair_value": 40.962372, "relative_strength": -31.160119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.627021, "energy": 10.306781, "activity_lines": [ 37.264, 37.287455, 35.815595, 36.074118 ] }, { "date": "2024-12-13", "close": 27.48, "volume": 27818161, "typical_volume": 7283378.95, "trend": 37.143167, "fair_value": 40.922115, "relative_strength": -48.354075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.81349, "energy": 33.700115, "activity_lines": [ 33.924667, 35.572909, 35.121143, 35.396237 ] }, { "date": "2024-12-20", "close": 27.4, "volume": 10686026, "typical_volume": 7588335.25, "trend": 36.396167, "fair_value": 40.844744, "relative_strength": -46.525366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.067458, "energy": 53.826478, "activity_lines": [ 31.344, 33.996545, 34.459929, 34.767645 ] }, { "date": "2024-12-27", "close": 29.14, "volume": 5617707, "typical_volume": 7688746.25, "trend": 35.6645, "fair_value": 40.785385, "relative_strength": -42.793274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.73909, "energy": 61.088824, "activity_lines": [ 30.050667, 32.841455, 33.993476, 34.299505 ] }, { "date": "2025-01-03", "close": 30.37, "volume": 5470605, "typical_volume": 7692311.45, "trend": 35.047167, "fair_value": 40.733718, "relative_strength": -39.08084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.47649, "energy": 64.767512, "activity_lines": [ 29.494667, 32.046, 33.656643, 33.957925 ] }, { "date": "2025-01-10", "close": 28.33, "volume": 7183121, "typical_volume": 7879640.15, "trend": 34.5325, "fair_value": 40.671346, "relative_strength": -41.130265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.080601, "energy": 64.399534, "activity_lines": [ 28.855333, 31.007091, 33.131714, 33.524559 ] }, { "date": "2025-01-17", "close": 24.07, "volume": 13040381, "typical_volume": 8335211.35, "trend": 33.9685, "fair_value": 40.607885, "relative_strength": -50.678969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.677049, "energy": 67.743114, "activity_lines": [ 27.364, 29.379636, 32.22231, 32.849559 ] }, { "date": "2025-01-24", "close": 27.5, "volume": 8937870, "typical_volume": 8538561.85, "trend": 33.558167, "fair_value": 40.557821, "relative_strength": -43.680077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.606169, "energy": 53.224803, "activity_lines": [ 27.243333, 28.652, 31.67419, 32.432237 ] }, { "date": "2025-01-31", "close": 26.56, "volume": 6224236, "typical_volume": 7870812.2, "trend": 33.181167, "fair_value": 40.493974, "relative_strength": -43.921866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.031519, "energy": 52.061321, "activity_lines": [ 26.802667, 27.944545, 31.05219, 31.980742 ] }, { "date": "2025-02-07", "close": 25.62, "volume": 6320687, "typical_volume": 7886487.85, "trend": 32.690833, "fair_value": 40.402949, "relative_strength": -44.945665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.439264, "energy": 55.063033, "activity_lines": [ 26.220667, 27.202364, 30.369048, 31.492925 ] }, { "date": "2025-02-14", "close": 24.31, "volume": 5262287, "typical_volume": 7777575.5, "trend": 32.207167, "fair_value": 40.286795, "relative_strength": -48.153781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.25614, "energy": 50.509668, "activity_lines": [ 25.518667, 26.471091, 29.592952, 30.952226 ] }, { "date": "2025-02-21", "close": 23.64, "volume": 5440177, "typical_volume": 7792080.4, "trend": 31.793167, "fair_value": 40.161667, "relative_strength": -47.239796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.413943, "energy": 58.504229, "activity_lines": [ 24.861333, 25.846, 28.797333, 30.399505 ] }, { "date": "2025-02-28", "close": 20.89, "volume": 7074497, "typical_volume": 7814377.9, "trend": 31.372833, "fair_value": 40.033205, "relative_strength": -50.619885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.532124, "energy": 72.442619, "activity_lines": [ 23.316, 24.790727, 27.798095, 29.696075 ] }, { "date": "2025-03-07", "close": 19.295, "volume": 7089490, "typical_volume": 7805257.9, "trend": 30.957333, "fair_value": 39.904712, "relative_strength": -51.697104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.212602, "energy": 79.739823, "activity_lines": [ 21.679667, 23.563818, 26.705429, 28.91686 ] }, { "date": "2025-03-14", "close": 17.4, "volume": 8025405, "typical_volume": 7862642.65, "trend": 30.481667, "fair_value": 39.741635, "relative_strength": -54.156317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.572196, "energy": 91.177144, "activity_lines": [ 19.896, 22.171364, 25.514786, 28.042194 ] }, { "date": "2025-03-21", "close": 19.87, "volume": 5887244, "typical_volume": 7887849.1, "trend": 30.051, "fair_value": 39.591186, "relative_strength": -46.53189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.001801, "energy": 85.254973, "activity_lines": [ 19.483667, 21.463818, 24.654524, 27.35757 ] }, { "date": "2025-03-28", "close": 18.87, "volume": 4130325, "typical_volume": 7798022.2, "trend": 29.635333, "fair_value": 39.402724, "relative_strength": -46.663602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.73596, "energy": 82.639532, "activity_lines": [ 19.034, 20.728273, 23.788024, 26.636215 ] }, { "date": "2025-04-04", "close": 16.835, "volume": 7633516, "typical_volume": 7958565.55, "trend": 29.170333, "fair_value": 39.25141, "relative_strength": -45.715268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.441312, "energy": 80.65594, "activity_lines": [ 18.224, 19.717273, 22.82481, 25.810387 ] }, { "date": "2025-04-11", "close": 17.1, "volume": 12452142, "typical_volume": 8250191.5, "trend": 28.656333, "fair_value": 39.066282, "relative_strength": -47.456098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.983371, "energy": 62.170299, "activity_lines": [ 17.772667, 18.948364, 21.987667, 25.031656 ] }, { "date": "2025-04-18", "close": 19.98, "volume": 6227694, "typical_volume": 8337388.65, "trend": 28.245667, "fair_value": 38.8925, "relative_strength": -35.710145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.936395, "energy": 55.874337, "activity_lines": [ 18.427667, 18.875091, 21.505524, 24.471892 ] }, { "date": "2025-04-25", "close": 19.51, "volume": 5519892, "typical_volume": 8302073.15, "trend": 27.775667, "fair_value": 38.725897, "relative_strength": -39.668721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.399999, "energy": 51.691804, "activity_lines": [ 18.754, 18.818909, 21.070714, 23.908301 ] }, { "date": "2025-05-02", "close": 19.29, "volume": 5231950, "typical_volume": 7172762.6, "trend": 27.222667, "fair_value": 38.562115, "relative_strength": -40.964628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.534905, "energy": 41.491138, "activity_lines": [ 19.031, 18.81, 20.697524, 23.360839 ] }, { "date": "2025-05-09", "close": 19.86, "volume": 4475576, "typical_volume": 6862240.1, "trend": 26.779, "fair_value": 38.439231, "relative_strength": -37.648368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.109566, "energy": 31.808568, "activity_lines": [ 19.47, 18.983818, 20.417619, 22.885828 ] }, { "date": "2025-05-16", "close": 21.61, "volume": 4838768, "typical_volume": 6823293.15, "trend": 26.278667, "fair_value": 38.354295, "relative_strength": -35.060624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.364375, "energy": 23.759168, "activity_lines": [ 20.290667, 19.494545, 20.340286, 22.552344 ] }, { "date": "2025-05-23", "close": 20.53, "volume": 3658624, "typical_volume": 6732694.1, "trend": 25.717, "fair_value": 38.239487, "relative_strength": -35.475595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.272806, "energy": 19.185414, "activity_lines": [ 20.450667, 19.766818, 20.195952, 22.181462 ] }, { "date": "2025-05-30", "close": 21.96, "volume": 3857437, "typical_volume": 6566409.9, "trend": 25.163667, "fair_value": 38.152115, "relative_strength": -30.764701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.289366, "energy": 15.803308, "activity_lines": [ 21.050667, 20.242182, 20.234667, 21.939075 ] }, { "date": "2025-06-06", "close": 23.855, "volume": 6131336, "typical_volume": 6220957.65, "trend": 24.650167, "fair_value": 38.063814, "relative_strength": -24.876685, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.876817, "energy": 16.889291, "activity_lines": [ 22.119, 21.024091, 20.48419, 21.854645 ] }, { "date": "2025-06-13", "close": 30.17, "volume": 14230651, "typical_volume": 6485596.7, "trend": 24.388833, "fair_value": 38.038429, "relative_strength": -3.381825, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.201468, "energy": 52.955993, "activity_lines": [ 24.988, 22.863545, 21.336167, 22.210763 ] }, { "date": "2025-06-20", "close": 32.77, "volume": 5888991, "typical_volume": 6468834.45, "trend": 24.346167, "fair_value": 38.019455, "relative_strength": 5.783412, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.999506, "energy": 78.115832, "activity_lines": [ 28.036333, 24.933273, 22.423048, 22.751484 ] }, { "date": "2025-06-27", "close": 30.45, "volume": 5161662, "typical_volume": 6410883.2, "trend": 24.0505, "fair_value": 37.998558, "relative_strength": -4.752175, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.4858, "energy": 78.920837, "activity_lines": [ 29.567333, 26.296273, 23.259405, 23.14528 ] }, { "date": "2025-07-04", "close": 34.55, "volume": 4871183, "typical_volume": 6391328.0, "trend": 23.973833, "fair_value": 38.013878, "relative_strength": 7.009391, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.337854, "energy": 85.431676, "activity_lines": [ 31.803667, 28.214364, 24.463238, 23.822667 ] }, { "date": "2025-07-11", "close": 32.28, "volume": 4037741, "typical_volume": 6321206.2, "trend": 24.133833, "fair_value": 38.016058, "relative_strength": 1.137627, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.036468, "energy": 87.770488, "activity_lines": [ 32.444, 29.446273, 25.402119, 24.358548 ] }, { "date": "2025-07-18", "close": 29.95, "volume": 3980629, "typical_volume": 6166512.8, "trend": 24.218833, "fair_value": 37.987212, "relative_strength": -6.443891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.628008, "energy": 77.860398, "activity_lines": [ 31.746, 30.018364, 26.077952, 24.733785 ] }, { "date": "2025-07-25", "close": 32.84, "volume": 5772336, "typical_volume": 6100655.1, "trend": 24.342167, "fair_value": 37.958237, "relative_strength": 2.360138, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.42747, "energy": 62.604696, "activity_lines": [ 32.026, 30.932455, 26.985881, 25.289989 ] }, { "date": "2025-08-01", "close": 28.1, "volume": 3480091, "typical_volume": 5873389.4, "trend": 24.2665, "fair_value": 37.887981, "relative_strength": -9.692995, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.240547, "energy": 41.342818, "activity_lines": [ 30.721333, 30.780545, 27.377881, 25.53243 ] }, { "date": "2025-08-08", "close": 23.89, "volume": 4503533, "typical_volume": 5804203.85, "trend": 24.1185, "fair_value": 37.764583, "relative_strength": -25.234537, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.363151, "energy": 20.946638, "activity_lines": [ 28.17, 29.725545, 27.317976, 25.50814 ] }, { "date": "2025-08-15", "close": 25.58, "volume": 3439251, "typical_volume": 5769650.15, "trend": 24.168833, "fair_value": 37.657404, "relative_strength": -19.701162, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.260206, "energy": 24.458008, "activity_lines": [ 26.892667, 28.942727, 27.399881, 25.60243 ] }, { "date": "2025-08-22", "close": 25.34, "volume": 3468242, "typical_volume": 5561386.45, "trend": 24.096833, "fair_value": 37.548942, "relative_strength": -19.019331, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.855797, "energy": 25.34617, "activity_lines": [ 25.982, 28.084909, 27.426976, 25.677989 ] }, { "date": "2025-08-29", "close": 25.67, "volume": 4112010, "typical_volume": 5144379.85, "trend": 24.067167, "fair_value": 37.444071, "relative_strength": -17.122286, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.70103, "energy": 21.258371, "activity_lines": [ 25.488667, 27.374909, 27.445, 25.779484 ] }, { "date": "2025-09-05", "close": 23.73, "volume": 3477264, "typical_volume": 5006858.35, "trend": 24.004167, "fair_value": 37.347083, "relative_strength": -23.384185, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.597499, "energy": 18.397127, "activity_lines": [ 24.826667, 26.441273, 27.237452, 25.757731 ] }, { "date": "2025-09-12", "close": 23.64, "volume": 5901122, "typical_volume": 5025919.85, "trend": 23.981833, "fair_value": 37.258558, "relative_strength": -24.281994, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.412588, "energy": 20.910886, "activity_lines": [ 24.426, 25.613455, 27.003476, 25.734237 ] }, { "date": "2025-09-19", "close": 19.61, "volume": 20061302, "typical_volume": 5767387.45, "trend": 23.8475, "fair_value": 37.177596, "relative_strength": -37.741249, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.14668, "energy": 51.615134, "activity_lines": [ 22.698667, 24.251273, 26.366024, 25.452183 ] }, { "date": "2025-09-26", "close": 19.25, "volume": 5364344, "typical_volume": 5811825.85, "trend": 23.792833, "fair_value": 37.102083, "relative_strength": -37.763979, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.95492, "energy": 61.939088, "activity_lines": [ 21.249333, 23.054, 25.692762, 25.15557 ] }, { "date": "2025-10-03", "close": 18.83, "volume": 6845689, "typical_volume": 5912171.9, "trend": 23.777333, "fair_value": 37.017853, "relative_strength": -38.880213, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.214596, "energy": 66.336587, "activity_lines": [ 20.066, 21.974909, 24.982405, 24.835387 ] }, { "date": "2025-10-10", "close": 16.86, "volume": 4888290, "typical_volume": 5973655.2, "trend": 23.759333, "fair_value": 36.911763, "relative_strength": -43.170341, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.842098, "energy": 76.302217, "activity_lines": [ 18.682, 20.792364, 24.097667, 24.389108 ] }, { "date": "2025-10-17", "close": 18.0, "volume": 5841265, "typical_volume": 6072846.6, "trend": 23.697, "fair_value": 36.792981, "relative_strength": -39.749491, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.770841, "energy": 71.948695, "activity_lines": [ 18.136, 20.021455, 23.338976, 24.017538 ] }, { "date": "2025-10-24", "close": 17.46, "volume": 8438151, "typical_volume": 6188187.35, "trend": 23.65, "fair_value": 36.646891, "relative_strength": -41.726526, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.547314, "energy": 82.675922, "activity_lines": [ 17.786, 19.259455, 22.547714, 23.615151 ] }, { "date": "2025-10-31", "close": 14.69, "volume": 8911412, "typical_volume": 5922225.4, "trend": 23.5785, "fair_value": 36.499199, "relative_strength": -50.809907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.001773, "energy": 90.319237, "activity_lines": [ 16.656, 18.141455, 21.523095, 23.037086 ] }, { "date": "2025-11-07", "close": 14.01, "volume": 7970741, "typical_volume": 6026312.9, "trend": 23.4755, "fair_value": 36.336699, "relative_strength": -50.52154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.067305, "energy": 91.1258, "activity_lines": [ 15.603333, 17.093455, 20.507429, 22.419763 ] }, { "date": "2025-11-14", "close": 14.15, "volume": 6035482, "typical_volume": 6070003.9, "trend": 23.281167, "fair_value": 36.17484, "relative_strength": -48.816393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.561669, "energy": 89.34123, "activity_lines": [ 14.918667, 16.282909, 19.594429, 21.818118 ] }, { "date": "2025-11-21", "close": 14.12, "volume": 5734787, "typical_volume": 6113184.1, "trend": 23.1015, "fair_value": 36.01625, "relative_strength": -46.303518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.918969, "energy": 87.268965, "activity_lines": [ 14.404667, 15.641091, 18.75619, 21.227075 ] }, { "date": "2025-11-28", "close": 17.49, "volume": 7752590, "typical_volume": 6298926.55, "trend": 23.0415, "fair_value": 35.877981, "relative_strength": -35.244237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.657628, "energy": 61.762555, "activity_lines": [ 15.272667, 15.785091, 18.33619, 20.865043 ] }, { "date": "2025-12-05", "close": 17.32, "volume": 6192294, "typical_volume": 6409509.8, "trend": 22.956833, "fair_value": 35.766635, "relative_strength": -35.294875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.027095, "energy": 48.177557, "activity_lines": [ 16.082, 15.936727, 17.970429, 20.495914 ] }, { "date": "2025-12-12", "close": 19.86, "volume": 13657315, "typical_volume": 6803758.75, "trend": 22.8985, "fair_value": 35.676699, "relative_strength": -23.696008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.957601, "energy": 27.778284, "activity_lines": [ 17.562667, 16.585273, 17.906714, 20.296118 ] }, { "date": "2025-12-19", "close": 17.01, "volume": 6502526, "typical_volume": 6954880.5, "trend": 22.781167, "fair_value": 35.561442, "relative_strength": -34.247791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.41941, "energy": 30.243637, "activity_lines": [ 17.703333, 16.696909, 17.633381, 19.916215 ] }, { "date": "2025-12-26", "close": 16.34, "volume": 3848268, "typical_volume": 6922117.25, "trend": 22.593833, "fair_value": 35.439006, "relative_strength": -36.7451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.679421, "energy": 26.566179, "activity_lines": [ 17.43, 16.684, 17.349048, 19.500656 ] }, { "date": "2026-01-02", "close": 17.04, "volume": 3819735, "typical_volume": 6941141.45, "trend": 22.366667, "fair_value": 35.300801, "relative_strength": -31.893885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.932263, "energy": 21.249231, "activity_lines": [ 17.242, 16.828545, 17.167333, 19.142344 ] }, { "date": "2026-01-09", "close": 17.3, "volume": 4921551, "typical_volume": 7013806.9, "trend": 21.937667, "fair_value": 35.136186, "relative_strength": -31.425649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.529882, "energy": 26.609097, "activity_lines": [ 17.170667, 17.028, 17.051048, 18.815462 ] }, { "date": "2026-01-16", "close": 19.68, "volume": 5746555, "typical_volume": 7095534.15, "trend": 21.501333, "fair_value": 34.992468, "relative_strength": -20.758964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.617445, "energy": 10.700627, "activity_lines": [ 17.894, 17.612727, 17.199714, 18.669806 ] }, { "date": "2026-01-23", "close": 20.54, "volume": 4528280, "typical_volume": 7148084.95, "trend": 21.171, "fair_value": 34.857468, "relative_strength": -16.720948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.526373, "energy": 13.21775, "activity_lines": [ 18.916, 18.250727, 17.45881, 18.607785 ] }, { "date": "2026-01-30", "close": 18.77, "volume": 4271920, "typical_volume": 7066624.85, "trend": 20.645, "fair_value": 34.691186, "relative_strength": -23.011166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.821923, "energy": 17.23277, "activity_lines": [ 19.112667, 18.450727, 17.564524, 18.452882 ] }, { "date": "2026-02-06", "close": 19.27, "volume": 4092597, "typical_volume": 6268189.6, "trend": 20.211333, "fair_value": 34.53516, "relative_strength": -18.672651, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.655375, "energy": 18.088077, "activity_lines": [ 19.314, 18.657091, 17.741048, 18.364172 ] }, { "date": "2026-02-13", "close": 14.85, "volume": 4448954, "typical_volume": 6222420.1, "trend": 19.708, "fair_value": 34.356635, "relative_strength": -35.864193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.096963, "energy": 17.343807, "activity_lines": [ 17.893333, 18.027455, 17.498238, 18.01828 ] }, { "date": "2026-02-20", "close": 15.41, "volume": 4438992, "typical_volume": 6102085.25, "trend": 19.127, "fair_value": 34.196827, "relative_strength": -33.539286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.27818, "energy": 29.341412, "activity_lines": [ 16.822667, 17.544545, 17.329714, 17.740989 ] }, { "date": "2026-02-27", "close": 14.72, "volume": 4387651, "typical_volume": 6077053.3, "trend": 18.681, "fair_value": 34.025673, "relative_strength": -35.802721, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.848788, "energy": 46.340975, "activity_lines": [ 15.806667, 17.017091, 17.111762, 17.456667 ] }, { "date": "2026-03-06", "close": 13.97, "volume": 5624672, "typical_volume": 6066223.65, "trend": 18.350333, "fair_value": 33.88484, "relative_strength": -37.796395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.038743, "energy": 61.284473, "activity_lines": [ 14.928667, 16.394909, 16.832571, 17.152731 ] }, { "date": "2026-03-13", "close": 12.94, "volume": 6220711, "typical_volume": 5955351.65, "trend": 17.929, "fair_value": 33.747981, "relative_strength": -41.355852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.849085, "energy": 75.934268, "activity_lines": [ 14.027333, 15.628545, 16.474476, 16.803677 ] }, { "date": "2026-03-20", "close": 12.82, "volume": 10963537, "typical_volume": 6057957.9, "trend": 17.511667, "fair_value": 33.603622, "relative_strength": -40.131549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.075356, "energy": 77.485066, "activity_lines": [ 13.508, 14.914909, 16.126476, 16.474065 ] }, { "date": "2026-03-27", "close": 9.81, "volume": 10798981, "typical_volume": 6199369.9, "trend": 16.983, "fair_value": 33.430673, "relative_strength": -52.085502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.539708, "energy": 85.135809, "activity_lines": [ 12.120667, 13.735455, 15.500714, 15.977183 ] }, { "date": "2026-04-03", "close": 12.35, "volume": 15153321, "typical_volume": 6655261.85, "trend": 16.603667, "fair_value": 33.292019, "relative_strength": -41.403788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.853454, "energy": 72.760017, "activity_lines": [ 11.953333, 13.197273, 15.136857, 15.67828 ] }, { "date": "2026-04-10", "close": 12.88, "volume": 6432754, "typical_volume": 6690160.2, "trend": 16.245, "fair_value": 33.149071, "relative_strength": -40.971032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.045493, "energy": 54.939133, "activity_lines": [ 12.120667, 12.904364, 14.832048, 15.438043 ] }, { "date": "2026-04-17", "close": 14.28, "volume": 7808694, "typical_volume": 6692965.4, "trend": 16.067333, "fair_value": 33.022724, "relative_strength": -37.585686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.648308, "energy": 42.623171, "activity_lines": [ 12.827333, 12.973091, 14.666476, 15.311269 ] }, { "date": "2026-04-24", "close": 12.33, "volume": 9952477, "typical_volume": 6880974.55, "trend": 15.836667, "fair_value": 32.874455, "relative_strength": -46.604063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.164592, "energy": 32.150635, "activity_lines": [ 12.794667, 12.778, 14.330476, 15.070151 ] }, { "date": "2026-05-01", "close": 11.63, "volume": 9017657, "typical_volume": 6648991.65, "trend": 15.596667, "fair_value": 32.716122, "relative_strength": -49.78201, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -52.76073, "energy": 33.018578, "activity_lines": [ 12.561333, 12.501455, 13.951571, 14.798753 ] }, { "date": "2026-05-08", "close": 10.31, "volume": 7745037, "typical_volume": 6711117.2, "trend": 15.378333, "fair_value": 32.560481, "relative_strength": -57.170845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.557808, "energy": 44.373068, "activity_lines": [ 11.766667, 12.053636, 13.486143, 14.457677 ] }, { "date": "2026-05-15", "close": 10.11, "volume": 8675931, "typical_volume": 6952500.35, "trend": 15.115333, "fair_value": 32.404135, "relative_strength": -57.200823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.592692, "energy": 69.18857, "activity_lines": [ 11.041333, 11.649636, 13.033571, 14.117785 ] }, { "date": "2026-05-22", "close": 11.75, "volume": 7353610, "typical_volume": 7129194.1, "trend": 14.925, "fair_value": 32.267147, "relative_strength": -50.162123, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.589259, "energy": 61.910248, "activity_lines": [ 11.047333, 11.614, 12.766857, 13.900667 ] }, { "date": "2026-05-29", "close": 13.37, "volume": 8544117, "typical_volume": 7310322.4, "trend": 14.881, "fair_value": 32.138622, "relative_strength": -44.089355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.988737, "energy": 38.672199, "activity_lines": [ 11.762, 11.894545, 12.679619, 13.800344 ] }, { "date": "2026-06-05", "close": 11.2, "volume": 7341717, "typical_volume": 7390080.5, "trend": 14.787333, "fair_value": 31.966987, "relative_strength": -50.086862, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.400872, "energy": 35.031043, "activity_lines": [ 11.684, 11.770545, 12.404429, 13.56286 ] }, { "date": "2026-06-12", "close": 12.93, "volume": 8730091, "typical_volume": 7600171.05, "trend": 14.746667, "fair_value": 31.7925, "relative_strength": -42.298975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.652449, "energy": 18.619598, "activity_lines": [ 12.211333, 11.935818, 12.334381, 13.443032 ] }, { "date": "2026-06-19", "close": 11.95, "volume": 17264711, "typical_volume": 8249810.6, "trend": 14.674333, "fair_value": 31.595449, "relative_strength": -46.528035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.810119, "energy": 17.422794, "activity_lines": [ 12.237333, 11.912364, 12.207238, 13.262602 ] }, { "date": "2026-06-26", "close": 11.82, "volume": 8500809, "typical_volume": 8470221.2, "trend": 14.485333, "fair_value": 31.385577, "relative_strength": -43.206875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.234863, "energy": 20.262643, "activity_lines": [ 12.097333, 11.882182, 12.10019, 13.078452 ] }, { "date": "2026-07-03", "close": 11.04, "volume": 5426353, "typical_volume": 8519091.15, "trend": 14.276, "fair_value": 31.170769, "relative_strength": -45.747858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.558768, "energy": 27.90268, "activity_lines": [ 11.692667, 11.754909, 11.954333, 12.856172 ] }, { "date": "2026-07-10", "close": 10.45, "volume": 6741858, "typical_volume": 8634234.45, "trend": 13.962333, "fair_value": 30.946154, "relative_strength": -48.018749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.218089, "energy": 37.703707, "activity_lines": [ 11.246667, 11.543818, 11.770429, 12.609333 ] }, { "date": "2026-07-17", "close": 10.19, "volume": 7632511, "typical_volume": 8796477.45, "trend": 13.735, "fair_value": 30.714615, "relative_strength": -45.644413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.962825, "energy": 52.089986, "activity_lines": [ 10.764, 11.306909, 11.585381, 12.365957 ] }, { "date": "2026-07-24", "close": 9.87, "volume": 8101222, "typical_volume": 8920304.95, "trend": 13.519333, "fair_value": 30.486859, "relative_strength": -44.772989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.789358, "energy": 60.427265, "activity_lines": [ 10.357333, 11.014, 11.391429, 12.116602 ] }, { "date": "2026-07-31", "close": 10.84, "volume": 4653062, "typical_volume": 8841922.5, "trend": 13.312667, "fair_value": 30.2825, "relative_strength": -38.07363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.855046, "energy": 53.759096, "activity_lines": [ 10.412667, 10.901818, 11.309381, 11.943742 ] }, { "date": "2026-08-07", "close": 10.27, "volume": 9779674, "typical_volume": 8782729.35, "trend": 13.078333, "fair_value": 30.088526, "relative_strength": -42.986909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.677888, "energy": 44.239508, "activity_lines": [ 10.343333, 10.702545, 11.183048, 11.747441 ] } ], "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." } } }