{ "ticker": { "uuid": "eb63f263-9eaf-4eec-b93f-2380ba66cbae", "symbol": "TEG", "name": "TAG Immobilien AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 64.288, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -47.5, "architecture_energy": 34.999, "architecture_maturity": 42.937, "architecture_confidence": 90.063, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 41.8, "rotation_up": 18.09, "upward_expansion": 8.04, "deceleration": 40.85, "rotation_down": 50.13, "downward_expansion": 76.7 }, "activity_lines": [ 13.596, 13.658, 13.788703, 13.881063 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 13.86, "trend_reference": 14.02421, "distance_from_trend": -0.011709, "trend_direction": "Improving", "fair_value": 13.15638, "distance_from_fair_value": 0.053481, "fair_value_direction": "Weakening", "relative_strength": -8.51047, "relative_strength_direction": "Weakening", "price_momentum": -0.025851, "excess_performance": -0.090491, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.011709, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.00656, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.053481, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.050283, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.085105, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.068097, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.025851, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.138714, "read": "Demand-led" } ], "volume": { "latest": 1716759, "relative_activity": 0.828824, "balance": 1.138714, "dry_up": 0.907556, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.051895, "annualized_volatility": 0.372195, "from_high_reference": -0.151678, "from_low_reference": 0.184688 }, "levels": { "trend_reference": 14.02421, "fair_value_reference": 13.15638, "structural_low": 11.699278, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.011221, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": -0.021004, "regime_survival": 0.583333, "best_return": 0.294753, "worst_return": -0.094028, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.041863, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.023699, "regime_survival": 0.166667, "best_return": 0.313751, "worst_return": -0.150452, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.030577, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.016633, "regime_survival": 0.4, "best_return": 0.312757, "worst_return": -0.296757, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.051959, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.000267, "regime_survival": 0.333333, "best_return": 0.583245, "worst_return": -0.700799, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": 0.106072, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-01", "tenure": "Established", "return": 0.06377, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-20", "tenure": "Developing", "return": -0.084615, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": -0.094167, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-04-25", "tenure": "Established", "return": -0.022191, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.006896, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": 0.074106, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": -0.027388, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": 0.097665, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": -0.093375, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-12-12", "tenure": "Developing", "return": -0.072778, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-02-06", "tenure": "Developing", "return": 0.121933, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": -0.149235, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": 0.116912, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 9.071256, "volume": 3402253, "typical_volume": 3750826.9, "trend": 7.668681, "fair_value": 15.596291, "relative_strength": 18.114703, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.893782, "energy": 59.398783, "activity_lines": [ 9.432316, 9.159119, 8.549048, 8.089064 ] }, { "date": "2023-08-25", "close": 9.368147, "volume": 2412364, "typical_volume": 3557065.65, "trend": 7.72393, "fair_value": 15.524144, "relative_strength": 21.797264, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.408735, "energy": 50.488494, "activity_lines": [ 9.401366, 9.255304, 8.675103, 8.198707 ] }, { "date": "2023-09-01", "close": 9.83334, "volume": 2351955, "typical_volume": 3465559.6, "trend": 7.781607, "fair_value": 15.455085, "relative_strength": 26.370601, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.23557, "energy": 53.186016, "activity_lines": [ 9.529641, 9.412345, 8.831145, 8.334798 ] }, { "date": "2023-09-08", "close": 10.372282, "volume": 2634142, "typical_volume": 3318480.25, "trend": 7.871273, "fair_value": 15.384498, "relative_strength": 34.035199, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.712068, "energy": 56.710472, "activity_lines": [ 9.818968, 9.626771, 9.025934, 8.501939 ] }, { "date": "2023-09-15", "close": 10.613388, "volume": 3574210, "typical_volume": 3306382.8, "trend": 7.974964, "fair_value": 15.315245, "relative_strength": 35.756219, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.015455, "energy": 64.338809, "activity_lines": [ 10.124243, 9.845356, 9.228476, 8.678849 ] }, { "date": "2023-09-22", "close": 10.277732, "volume": 2429336, "typical_volume": 3282726.6, "trend": 8.07771, "fair_value": 15.247338, "relative_strength": 33.97032, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.853689, "energy": 65.742258, "activity_lines": [ 10.266259, 9.960056, 9.383406, 8.827415 ] }, { "date": "2023-09-29", "close": 9.39084, "volume": 5821711, "typical_volume": 3390849.65, "trend": 8.147426, "fair_value": 15.169082, "relative_strength": 23.91684, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.174661, "energy": 47.647696, "activity_lines": [ 10.032213, 9.889847, 9.439281, 8.912133 ] }, { "date": "2023-10-06", "close": 9.273596, "volume": 2762834, "typical_volume": 3358491.15, "trend": 8.24349, "fair_value": 15.088377, "relative_strength": 23.581811, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.863355, "energy": 32.89304, "activity_lines": [ 9.757573, 9.799044, 9.473581, 8.984789 ] }, { "date": "2023-10-13", "close": 9.428659, "volume": 2431319, "typical_volume": 3329725.6, "trend": 8.362058, "fair_value": 15.006971, "relative_strength": 25.277454, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.059574, "energy": 20.323299, "activity_lines": [ 9.571937, 9.741539, 9.512824, 9.061252 ] }, { "date": "2023-10-20", "close": 8.761127, "volume": 1880414, "typical_volume": 3265973.5, "trend": 8.474605, "fair_value": 14.92436, "relative_strength": 18.854859, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.406565, "energy": 20.05118, "activity_lines": [ 9.226698, 9.562252, 9.477615, 9.086998 ] }, { "date": "2023-10-27", "close": 9.190391, "volume": 2611377, "typical_volume": 3190308.65, "trend": 8.58003, "fair_value": 14.849165, "relative_strength": 24.77696, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.98975, "energy": 20.369571, "activity_lines": [ 9.148031, 9.48068, 9.477543, 9.133178 ] }, { "date": "2023-11-03", "close": 11.067235, "volume": 2844041, "typical_volume": 3153021.3, "trend": 8.736891, "fair_value": 14.776248, "relative_strength": 43.679373, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.457939, "energy": 30.948575, "activity_lines": [ 9.767469, 9.738187, 9.651085, 9.293643 ] }, { "date": "2023-11-10", "close": 10.868676, "volume": 2188138, "typical_volume": 3159879.95, "trend": 8.859461, "fair_value": 14.712341, "relative_strength": 39.441641, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.430977, "energy": 42.198527, "activity_lines": [ 10.20896, 9.928699, 9.791413, 9.431177 ] }, { "date": "2023-11-17", "close": 11.913468, "volume": 4406760, "typical_volume": 3249649.65, "trend": 9.017298, "fair_value": 14.657571, "relative_strength": 44.721761, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.244547, "energy": 75.32253, "activity_lines": [ 10.892377, 10.290349, 10.015679, 9.62821 ] }, { "date": "2023-11-24", "close": 11.899286, "volume": 2491446, "typical_volume": 3145239.5, "trend": 9.169684, "fair_value": 14.604511, "relative_strength": 41.734103, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.267604, "energy": 82.351251, "activity_lines": [ 11.405413, 10.621399, 10.220865, 9.814144 ] }, { "date": "2023-12-01", "close": 12.253855, "volume": 3170029, "typical_volume": 3090943.05, "trend": 9.33767, "fair_value": 14.554361, "relative_strength": 40.862825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.255656, "energy": 85.183686, "activity_lines": [ 11.827427, 10.993536, 10.442471, 10.013123 ] }, { "date": "2023-12-08", "close": 11.606177, "volume": 2440873, "typical_volume": 3020472.7, "trend": 9.484382, "fair_value": 14.499316, "relative_strength": 29.13044, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.712294, "energy": 78.361543, "activity_lines": [ 11.829318, 11.211984, 10.586788, 10.159479 ] }, { "date": "2023-12-15", "close": 12.187668, "volume": 5032075, "typical_volume": 3121609.55, "trend": 9.650288, "fair_value": 14.447469, "relative_strength": 34.019456, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.441852, "energy": 71.39944, "activity_lines": [ 11.98911, 11.495879, 10.776124, 10.333884 ] }, { "date": "2023-12-22", "close": 12.334222, "volume": 2236635, "typical_volume": 3029765.65, "trend": 9.823285, "fair_value": 14.396668, "relative_strength": 34.407825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.578954, "energy": 56.826752, "activity_lines": [ 12.109821, 11.753436, 10.96688, 10.507041 ] }, { "date": "2023-12-29", "close": 12.476049, "volume": 885456, "typical_volume": 2900368.4, "trend": 9.987332, "fair_value": 14.339355, "relative_strength": 34.016057, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.255005, "energy": 57.651547, "activity_lines": [ 12.249756, 11.983953, 11.157198, 10.678187 ] }, { "date": "2024-01-05", "close": 11.837828, "volume": 1993144, "typical_volume": 2829912.95, "trend": 10.111509, "fair_value": 14.282509, "relative_strength": 27.192331, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.878141, "energy": 51.007386, "activity_lines": [ 12.138501, 12.030884, 11.274194, 10.797574 ] }, { "date": "2024-01-12", "close": 12.480777, "volume": 2610632, "typical_volume": 2839826.35, "trend": 10.258757, "fair_value": 14.230526, "relative_strength": 32.157806, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.23252, "energy": 50.514607, "activity_lines": [ 12.269297, 12.146581, 11.439249, 10.95043 ] }, { "date": "2024-01-19", "close": 11.591994, "volume": 2515888, "typical_volume": 2848023.0, "trend": 10.391823, "fair_value": 14.169454, "relative_strength": 23.008903, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.781694, "energy": 35.571027, "activity_lines": [ 12.045525, 12.07498, 11.504836, 11.036445 ] }, { "date": "2024-01-26", "close": 11.705456, "volume": 3617269, "typical_volume": 2897179.35, "trend": 10.509003, "fair_value": 14.109958, "relative_strength": 20.500225, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.196516, "energy": 26.746716, "activity_lines": [ 11.899286, 12.010857, 11.572854, 11.121196 ] }, { "date": "2024-02-02", "close": 11.549446, "volume": 3675558, "typical_volume": 2902246.75, "trend": 10.618777, "fair_value": 14.050203, "relative_strength": 18.564284, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.099084, "energy": 22.241436, "activity_lines": [ 11.742961, 11.92215, 11.619666, 11.188321 ] }, { "date": "2024-02-09", "close": 10.830855, "volume": 2504419, "typical_volume": 2906000.9, "trend": 10.680582, "fair_value": 13.988386, "relative_strength": 10.622946, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.490811, "energy": 17.804978, "activity_lines": [ 11.408879, 11.709152, 11.593584, 11.202004 ] }, { "date": "2024-02-16", "close": 10.967955, "volume": 1936414, "typical_volume": 2711736.05, "trend": 10.731829, "fair_value": 13.931583, "relative_strength": 10.201581, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.043381, "energy": 15.578079, "activity_lines": [ 11.187629, 11.546953, 11.577924, 11.220544 ] }, { "date": "2024-02-23", "close": 11.034142, "volume": 1314738, "typical_volume": 2639331.25, "trend": 10.781154, "fair_value": 13.87743, "relative_strength": 8.370388, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.853045, "energy": 17.395618, "activity_lines": [ 11.089296, 11.408393, 11.561058, 11.240048 ] }, { "date": "2024-03-01", "close": 10.887587, "volume": 2610857, "typical_volume": 2648308.15, "trend": 10.830541, "fair_value": 13.823716, "relative_strength": 4.527469, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.377231, "energy": 18.556597, "activity_lines": [ 10.979302, 11.264159, 11.521851, 11.246914 ] }, { "date": "2024-03-08", "close": 11.365071, "volume": 2016604, "typical_volume": 2655117.65, "trend": 10.881284, "fair_value": 13.770625, "relative_strength": 7.835266, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.147247, "energy": 13.260206, "activity_lines": [ 11.082993, 11.233043, 11.521171, 11.2814 ] }, { "date": "2024-03-15", "close": 10.665391, "volume": 4191407, "typical_volume": 2734119.15, "trend": 10.934421, "fair_value": 13.706157, "relative_strength": -0.13222, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.295995, "energy": 17.105754, "activity_lines": [ 10.965749, 11.094912, 11.441455, 11.267472 ] }, { "date": "2024-03-22", "close": 11.904014, "volume": 1687663, "typical_volume": 2676300.25, "trend": 11.01895, "fair_value": 13.652916, "relative_strength": 8.784715, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.682459, "energy": 13.517527, "activity_lines": [ 11.272411, 11.203302, 11.472679, 11.330026 ] }, { "date": "2024-03-29", "close": 11.984383, "volume": 1365852, "typical_volume": 2635185.95, "trend": 11.090652, "fair_value": 13.598441, "relative_strength": 6.924447, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.677998, "energy": 22.160498, "activity_lines": [ 11.543458, 11.336792, 11.507573, 11.392312 ] }, { "date": "2024-04-05", "close": 11.232699, "volume": 1867579, "typical_volume": 2508226.9, "trend": 11.119332, "fair_value": 13.534271, "relative_strength": 1.292843, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.053427, "energy": 15.14393, "activity_lines": [ 11.500595, 11.326477, 11.465566, 11.401476 ] }, { "date": "2024-04-12", "close": 11.459622, "volume": 1959428, "typical_volume": 2481626.0, "trend": 11.14754, "fair_value": 13.468852, "relative_strength": 4.14502, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.962592, "energy": 20.447826, "activity_lines": [ 11.510365, 11.366017, 11.448411, 11.423431 ] }, { "date": "2024-04-19", "close": 11.365071, "volume": 1769743, "typical_volume": 2411611.7, "trend": 11.183785, "fair_value": 13.403728, "relative_strength": 3.795426, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.039324, "energy": 11.445093, "activity_lines": [ 11.482315, 11.389998, 11.424346, 11.437465 ] }, { "date": "2024-04-26", "close": 12.064751, "volume": 1674009, "typical_volume": 2373268.5, "trend": 11.272915, "fair_value": 13.344785, "relative_strength": 6.93521, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.989329, "energy": 20.493297, "activity_lines": [ 11.640846, 11.531481, 11.471149, 11.494301 ] }, { "date": "2024-05-03", "close": 12.934625, "volume": 2291288, "typical_volume": 2236229.15, "trend": 11.394949, "fair_value": 13.294175, "relative_strength": 14.714038, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 61.306508, "energy": 51.975048, "activity_lines": [ 12.078619, 11.811182, 11.598613, 11.601508 ] }, { "date": "2024-05-10", "close": 12.962989, "volume": 1715141, "typical_volume": 2210154.45, "trend": 11.51276, "fair_value": 13.244508, "relative_strength": 9.443454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.562872, "energy": 68.597031, "activity_lines": [ 12.462497, 12.061485, 11.725222, 11.702672 ] }, { "date": "2024-05-17", "close": 13.936868, "volume": 2350949, "typical_volume": 2283429.1, "trend": 11.685285, "fair_value": 13.200149, "relative_strength": 17.01873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.819116, "energy": 82.585568, "activity_lines": [ 13.05565, 12.451123, 11.941587, 11.859066 ] }, { "date": "2024-05-24", "close": 13.208822, "volume": 1793607, "typical_volume": 2273452.25, "trend": 11.819233, "fair_value": 13.143039, "relative_strength": 10.107956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.523327, "energy": 75.781575, "activity_lines": [ 13.24097, 12.661628, 12.081658, 11.957359 ] }, { "date": "2024-05-31", "close": 13.483021, "volume": 1611298, "typical_volume": 2223485.55, "trend": 11.899759, "fair_value": 13.081307, "relative_strength": 12.708906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.504004, "energy": 76.806023, "activity_lines": [ 13.394773, 12.875744, 12.241315, 12.0647 ] }, { "date": "2024-06-07", "close": 12.915712, "volume": 1883191, "typical_volume": 2191850.7, "trend": 11.967993, "fair_value": 13.011648, "relative_strength": 7.0251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.998376, "energy": 62.742197, "activity_lines": [ 13.264922, 12.958003, 12.342169, 12.130246 ] }, { "date": "2024-06-14", "close": 12.499688, "volume": 1749997, "typical_volume": 2098487.1, "trend": 11.987534, "fair_value": 12.941468, "relative_strength": 6.140301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.13294, "energy": 38.968147, "activity_lines": [ 12.997658, 12.947689, 12.397099, 12.164548 ] }, { "date": "2024-06-21", "close": 12.291676, "volume": 2497854, "typical_volume": 2039601.9, "trend": 12.000614, "fair_value": 12.870174, "relative_strength": 2.851471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.011336, "energy": 24.14268, "activity_lines": [ 12.691942, 12.876518, 12.428436, 12.184171 ] }, { "date": "2024-06-28", "close": 12.925168, "volume": 2203144, "typical_volume": 2024538.15, "trend": 12.022991, "fair_value": 12.803106, "relative_strength": 7.094603, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.53108, "energy": 22.089101, "activity_lines": [ 12.70707, 12.905399, 12.516572, 12.243819 ] }, { "date": "2024-07-05", "close": 13.152092, "volume": 1918107, "typical_volume": 2023622.8, "trend": 12.074521, "fair_value": 12.732653, "relative_strength": 6.991133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.250849, "energy": 22.753715, "activity_lines": [ 12.81675, 12.947173, 12.616346, 12.316664 ] }, { "date": "2024-07-12", "close": 14.296163, "volume": 2632649, "typical_volume": 2089518.35, "trend": 12.144805, "fair_value": 12.667938, "relative_strength": 13.930703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.69732, "energy": 46.163157, "activity_lines": [ 13.329848, 13.177191, 12.814678, 12.459996 ] }, { "date": "2024-07-19", "close": 13.492476, "volume": 1325378, "typical_volume": 2025244.4, "trend": 12.183413, "fair_value": 12.600162, "relative_strength": 10.429413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.978607, "energy": 52.473205, "activity_lines": [ 13.483021, 13.236328, 12.920936, 12.546943 ] }, { "date": "2024-07-26", "close": 13.35065, "volume": 1069260, "typical_volume": 1977877.2, "trend": 12.212566, "fair_value": 12.531862, "relative_strength": 7.366837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.308815, "energy": 53.53156, "activity_lines": [ 13.522733, 13.260052, 13.001282, 12.622248 ] }, { "date": "2024-08-02", "close": 13.558661, "volume": 1938543, "typical_volume": 1865234.0, "trend": 12.269927, "fair_value": 12.46165, "relative_strength": 13.135423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.425522, "energy": 54.418008, "activity_lines": [ 13.561183, 13.332255, 13.091984, 12.709093 ] }, { "date": "2024-08-09", "close": 13.520842, "volume": 1811250, "typical_volume": 1871413.35, "trend": 12.304596, "fair_value": 12.388391, "relative_strength": 11.979221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.451328, "energy": 36.06605, "activity_lines": [ 13.544795, 13.39122, 13.165306, 12.789797 ] }, { "date": "2024-08-16", "close": 13.520842, "volume": 1182105, "typical_volume": 1862226.0, "trend": 12.368891, "fair_value": 12.315517, "relative_strength": 7.841881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.573417, "energy": 33.157529, "activity_lines": [ 13.503822, 13.449499, 13.230929, 12.868265 ] }, { "date": "2024-08-23", "close": 14.135426, "volume": 925340, "typical_volume": 1815114.05, "trend": 12.44989, "fair_value": 12.246527, "relative_strength": 10.369656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.063993, "energy": 43.051166, "activity_lines": [ 13.7194, 13.608517, 13.347768, 12.982235 ] }, { "date": "2024-08-30", "close": 14.021964, "volume": 1483198, "typical_volume": 1791302.55, "trend": 12.532308, "fair_value": 12.183025, "relative_strength": 7.534536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.489301, "energy": 41.779791, "activity_lines": [ 13.854293, 13.717165, 13.439978, 13.083659 ] }, { "date": "2024-09-06", "close": 14.976933, "volume": 1751993, "typical_volume": 1790415.05, "trend": 12.67051, "fair_value": 12.131309, "relative_strength": 18.130217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.829729, "energy": 68.339845, "activity_lines": [ 14.262755, 13.967984, 13.610936, 13.241377 ] }, { "date": "2024-09-13", "close": 15.657702, "volume": 1736370, "typical_volume": 1793533.1, "trend": 12.826835, "fair_value": 12.088302, "relative_strength": 20.308194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.047528, "energy": 83.452347, "activity_lines": [ 14.803589, 14.305274, 13.82953, 13.434099 ] }, { "date": "2024-09-20", "close": 15.080939, "volume": 1983720, "typical_volume": 1778154.7, "trend": 12.961728, "fair_value": 12.040882, "relative_strength": 15.287193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.63883, "energy": 78.002299, "activity_lines": [ 15.00971, 14.492142, 13.976084, 13.579525 ] }, { "date": "2024-09-27", "close": 15.733344, "volume": 1470655, "typical_volume": 1765930.4, "trend": 13.123254, "fair_value": 12.001165, "relative_strength": 14.994613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.753195, "energy": 85.358276, "activity_lines": [ 15.329294, 14.78336, 14.174552, 13.758339 ] }, { "date": "2024-10-04", "close": 15.525331, "volume": 1775262, "typical_volume": 1737146.05, "trend": 13.261929, "fair_value": 11.963414, "relative_strength": 14.92865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.795056, "energy": 78.247426, "activity_lines": [ 15.473012, 14.996015, 14.340017, 13.913311 ] }, { "date": "2024-10-11", "close": 15.392958, "volume": 1480264, "typical_volume": 1721478.9, "trend": 13.419514, "fair_value": 11.91629, "relative_strength": 11.932136, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.10194, "energy": 64.825509, "activity_lines": [ 15.472382, 15.145062, 14.485311, 14.050797 ] }, { "date": "2024-10-18", "close": 15.326772, "volume": 1316551, "typical_volume": 1706741.55, "trend": 13.533606, "fair_value": 11.865771, "relative_strength": 9.287629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.051194, "energy": 54.811167, "activity_lines": [ 15.421954, 15.248725, 14.6139, 14.173846 ] }, { "date": "2024-10-25", "close": 14.617637, "volume": 1106016, "typical_volume": 1667882.8, "trend": 13.621381, "fair_value": 11.814942, "relative_strength": 4.914537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.876358, "energy": 38.376331, "activity_lines": [ 15.15721, 15.190619, 14.666174, 14.243783 ] }, { "date": "2024-11-01", "close": 14.352894, "volume": 1464253, "typical_volume": 1653595.6, "trend": 13.725388, "fair_value": 11.759776, "relative_strength": 4.083578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.411755, "energy": 24.040725, "activity_lines": [ 14.835105, 15.064436, 14.685129, 14.290978 ] }, { "date": "2024-11-08", "close": 14.75001, "volume": 1587376, "typical_volume": 1608071.7, "trend": 13.835068, "fair_value": 11.708476, "relative_strength": 7.027476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.803397, "energy": 22.333206, "activity_lines": [ 14.737403, 15.006501, 14.73308, 14.357082 ] }, { "date": "2024-11-15", "close": 14.277252, "volume": 1796775, "typical_volume": 1587753.25, "trend": 13.93214, "fair_value": 11.65167, "relative_strength": 3.636689, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.231286, "energy": 21.311117, "activity_lines": [ 14.533802, 14.849374, 14.7243, 14.385611 ] }, { "date": "2024-11-22", "close": 14.381258, "volume": 1565240, "typical_volume": 1570109.9, "trend": 14.009357, "fair_value": 11.6051, "relative_strength": 3.782375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.549944, "energy": 18.775103, "activity_lines": [ 14.43925, 14.723879, 14.718987, 14.414586 ] }, { "date": "2024-11-29", "close": 14.86347, "volume": 1605590, "typical_volume": 1518756.95, "trend": 14.073652, "fair_value": 11.564756, "relative_strength": 5.573246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.88226, "energy": 13.205472, "activity_lines": [ 14.56847, 14.709266, 14.753746, 14.46969 ] }, { "date": "2024-12-06", "close": 14.655457, "volume": 2705356, "typical_volume": 1587755.85, "trend": 14.130068, "fair_value": 11.523409, "relative_strength": 0.153204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.277689, "energy": 11.254803, "activity_lines": [ 14.611964, 14.660787, 14.765993, 14.507226 ] }, { "date": "2024-12-13", "close": 14.154336, "volume": 1679526, "typical_volume": 1618269.15, "trend": 14.137317, "fair_value": 11.476594, "relative_strength": -3.284511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.161765, "energy": 6.161717, "activity_lines": [ 14.468246, 14.540793, 14.724975, 14.508791 ] }, { "date": "2024-12-20", "close": 13.501932, "volume": 2304487, "typical_volume": 1636566.35, "trend": 14.147087, "fair_value": 11.430437, "relative_strength": -5.173544, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.216567, "energy": 33.750798, "activity_lines": [ 14.146772, 14.327107, 14.617997, 14.467799 ] }, { "date": "2024-12-27", "close": 13.454655, "volume": 507435, "typical_volume": 1571375.6, "trend": 14.146141, "fair_value": 11.381338, "relative_strength": -5.795481, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.701525, "energy": 51.202558, "activity_lines": [ 13.861226, 14.139207, 14.506787, 14.423126 ] }, { "date": "2025-01-03", "close": 13.426291, "volume": 633127, "typical_volume": 1543926.7, "trend": 14.163161, "fair_value": 11.337721, "relative_strength": -5.525727, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.728432, "energy": 59.101738, "activity_lines": [ 13.628, 13.980189, 14.39319, 14.376684 ] }, { "date": "2025-01-10", "close": 12.367316, "volume": 1714017, "typical_volume": 1583360.55, "trend": 14.158748, "fair_value": 11.287975, "relative_strength": -13.992606, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.015849, "energy": 76.460714, "activity_lines": [ 13.137594, 13.650291, 14.179189, 14.260823 ] }, { "date": "2025-01-17", "close": 12.972445, "volume": 1681963, "typical_volume": 1593298.8, "trend": 14.181441, "fair_value": 11.244089, "relative_strength": -12.567998, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.497799, "energy": 68.002311, "activity_lines": [ 13.00144, 13.466518, 14.031239, 14.184287 ] }, { "date": "2025-01-24", "close": 12.187668, "volume": 1363302, "typical_volume": 1573864.25, "trend": 14.156857, "fair_value": 11.193577, "relative_strength": -19.481641, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.232134, "energy": 85.870816, "activity_lines": [ 12.682487, 13.172377, 13.813546, 14.055657 ] }, { "date": "2025-01-31", "close": 13.634303, "volume": 2575112, "typical_volume": 1615801.35, "trend": 14.172931, "fair_value": 11.155419, "relative_strength": -11.188239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.465551, "energy": 59.059056, "activity_lines": [ 12.933363, 13.179254, 13.74691, 14.021944 ] }, { "date": "2025-02-07", "close": 13.189913, "volume": 1821013, "typical_volume": 1607666.0, "trend": 14.136056, "fair_value": 11.116061, "relative_strength": -14.219119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.760417, "energy": 43.034682, "activity_lines": [ 13.024132, 13.118913, 13.647586, 13.958523 ] }, { "date": "2025-02-14", "close": 12.622604, "volume": 1935358, "typical_volume": 1630901.15, "trend": 14.10706, "fair_value": 11.073837, "relative_strength": -20.383671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.684393, "energy": 45.590433, "activity_lines": [ 12.941557, 12.985853, 13.503237, 13.860881 ] }, { "date": "2025-02-21", "close": 12.140392, "volume": 2063721, "typical_volume": 1645324.1, "trend": 14.066718, "fair_value": 11.025497, "relative_strength": -22.461323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.426988, "energy": 47.93079, "activity_lines": [ 12.681226, 12.80208, 13.327777, 13.733999 ] }, { "date": "2025-02-28", "close": 13.35065, "volume": 2951268, "typical_volume": 1718874.3, "trend": 14.059785, "fair_value": 10.99069, "relative_strength": -15.678778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.965865, "energy": 34.415218, "activity_lines": [ 12.879784, 12.87497, 13.283698, 13.687801 ] }, { "date": "2025-03-07", "close": 11.516354, "volume": 6313303, "typical_volume": 1968711.9, "trend": 13.992968, "fair_value": 10.941154, "relative_strength": -28.440858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.426155, "energy": 55.629269, "activity_lines": [ 12.389378, 12.617103, 13.07465, 13.523709 ] }, { "date": "2025-03-14", "close": 11.828373, "volume": 3855739, "typical_volume": 2106198.05, "trend": 13.936553, "fair_value": 10.897469, "relative_strength": -26.269082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.995703, "energy": 61.157801, "activity_lines": [ 12.144175, 12.451209, 12.913462, 13.384058 ] }, { "date": "2025-03-21", "close": 11.922924, "volume": 4521263, "typical_volume": 2259048.55, "trend": 13.862803, "fair_value": 10.859394, "relative_strength": -25.096291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.762744, "energy": 54.088925, "activity_lines": [ 12.021258, 12.331558, 12.774562, 13.254146 ] }, { "date": "2025-03-28", "close": 11.93238, "volume": 4178526, "typical_volume": 2388606.05, "trend": 13.79315, "fair_value": 10.82182, "relative_strength": -23.353614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.761062, "energy": 61.433352, "activity_lines": [ 11.948138, 12.221707, 12.648133, 13.129603 ] }, { "date": "2025-04-04", "close": 12.773886, "volume": 5181513, "typical_volume": 2557842.95, "trend": 13.719715, "fair_value": 10.79019, "relative_strength": -10.716517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.270688, "energy": 37.182616, "activity_lines": [ 12.169388, 12.283767, 12.615265, 13.063844 ] }, { "date": "2025-04-11", "close": 12.386226, "volume": 5877755, "typical_volume": 2773468.7, "trend": 13.610666, "fair_value": 10.758825, "relative_strength": -12.212955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.265166, "energy": 26.106659, "activity_lines": [ 12.299869, 12.264684, 12.552636, 12.977812 ] }, { "date": "2025-04-18", "close": 13.284463, "volume": 2770557, "typical_volume": 2831717.05, "trend": 13.550783, "fair_value": 10.735363, "relative_strength": -9.503798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.191182, "energy": 14.907229, "activity_lines": [ 12.671771, 12.43161, 12.585054, 12.956767 ] }, { "date": "2025-04-25", "close": 13.331739, "volume": 2307192, "typical_volume": 2811808.85, "trend": 13.47073, "fair_value": 10.715999, "relative_strength": -13.257765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.113158, "energy": 16.236342, "activity_lines": [ 12.962358, 12.605413, 12.629493, 12.942635 ] }, { "date": "2025-05-02", "close": 13.709945, "volume": 2217148, "typical_volume": 2838689.95, "trend": 13.410217, "fair_value": 10.704063, "relative_strength": -13.759597, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.494047, "energy": 17.362258, "activity_lines": [ 13.285094, 12.835087, 12.716255, 12.958068 ] }, { "date": "2025-05-09", "close": 13.804495, "volume": 2555587, "typical_volume": 2851244.95, "trend": 13.357268, "fair_value": 10.689985, "relative_strength": -14.443463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.314125, "energy": 30.846691, "activity_lines": [ 13.520842, 13.053414, 12.814138, 12.983506 ] }, { "date": "2025-05-16", "close": 13.662668, "volume": 3448333, "typical_volume": 2998289.85, "trend": 13.301798, "fair_value": 10.670134, "relative_strength": -15.876513, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.354711, "energy": 36.646804, "activity_lines": [ 13.640606, 13.237703, 12.897073, 13.003209 ] }, { "date": "2025-05-23", "close": 13.819347, "volume": 1892763, "typical_volume": 3061271.65, "trend": 13.275188, "fair_value": 10.663733, "relative_strength": -14.121124, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.832897, "energy": 41.478042, "activity_lines": [ 13.727501, 13.411455, 12.993939, 13.036599 ] }, { "date": "2025-05-30", "close": 14.470928, "volume": 1717927, "typical_volume": 3061467.15, "trend": 13.279123, "fair_value": 10.662146, "relative_strength": -11.134732, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.48441, "energy": 49.101413, "activity_lines": [ 13.995931, 13.667477, 13.150989, 13.113744 ] }, { "date": "2025-06-06", "close": 14.509829, "volume": 2253000, "typical_volume": 3090019.0, "trend": 13.271117, "fair_value": 10.672616, "relative_strength": -11.773779, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.672179, "energy": 54.54968, "activity_lines": [ 14.201382, 13.884245, 13.301727, 13.193144 ] }, { "date": "2025-06-13", "close": 13.906874, "volume": 2059289, "typical_volume": 3124818.35, "trend": 13.258771, "fair_value": 10.694791, "relative_strength": -12.349171, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.953847, "energy": 43.803324, "activity_lines": [ 14.152522, 13.944522, 13.387719, 13.234161 ] }, { "date": "2025-06-20", "close": 14.675155, "volume": 4184844, "typical_volume": 3205304.95, "trend": 13.268567, "fair_value": 10.721023, "relative_strength": -6.722373, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.430698, "energy": 60.270769, "activity_lines": [ 14.352931, 14.123886, 13.538694, 13.32554 ] }, { "date": "2025-06-27", "close": 14.558455, "volume": 1631169, "typical_volume": 3195812.75, "trend": 13.2584, "fair_value": 10.75027, "relative_strength": -9.827471, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.369415, "energy": 55.603678, "activity_lines": [ 14.44694, 14.240415, 13.673599, 13.408759 ] }, { "date": "2025-07-04", "close": 14.1111, "volume": 2030281, "typical_volume": 3200558.9, "trend": 13.240255, "fair_value": 10.7818, "relative_strength": -11.394319, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.744173, "energy": 38.503816, "activity_lines": [ 14.342557, 14.252444, 13.759381, 13.463772 ] }, { "date": "2025-07-11", "close": 14.1111, "volume": 1688784, "typical_volume": 3181812.05, "trend": 13.238814, "fair_value": 10.817829, "relative_strength": -12.649896, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.348991, "energy": 38.106402, "activity_lines": [ 14.262163, 14.250302, 13.838076, 13.519955 ] }, { "date": "2025-07-18", "close": 14.159726, "volume": 1400630, "typical_volume": 3104280.15, "trend": 13.26074, "fair_value": 10.846774, "relative_strength": -12.067253, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.600436, "energy": 29.452057, "activity_lines": [ 14.22456, 14.249707, 13.912017, 13.579369 ] }, { "date": "2025-07-25", "close": 13.741547, "volume": 1671043, "typical_volume": 2872167.15, "trend": 13.270303, "fair_value": 10.869402, "relative_strength": -14.017688, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.697206, "energy": 19.651681, "activity_lines": [ 14.030706, 14.166622, 13.942279, 13.610389 ] }, { "date": "2025-08-01", "close": 13.663746, "volume": 1561251, "typical_volume": 2757442.75, "trend": 13.278218, "fair_value": 10.892562, "relative_strength": -11.138136, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.127351, "energy": 19.078505, "activity_lines": [ 13.87316, 14.067956, 13.954535, 13.635772 ] }, { "date": "2025-08-08", "close": 14.422302, "volume": 1676982, "typical_volume": 2615228.7, "trend": 13.346718, "fair_value": 10.917736, "relative_strength": -8.620844, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.626673, "energy": 19.667269, "activity_lines": [ 14.028112, 14.110039, 14.030294, 13.709584 ] }, { "date": "2025-08-15", "close": 15.083609, "volume": 2876352, "typical_volume": 2550120.0, "trend": 13.41709, "fair_value": 10.956846, "relative_strength": -4.869001, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.303823, "energy": 36.165309, "activity_lines": [ 14.382754, 14.273244, 14.157133, 13.821641 ] }, { "date": "2025-08-22", "close": 15.414262, "volume": 2538738, "typical_volume": 2417981.25, "trend": 13.524643, "fair_value": 11.001167, "relative_strength": -2.435728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.777686, "energy": 59.091982, "activity_lines": [ 14.782779, 14.486135, 14.300458, 13.950491 ] }, { "date": "2025-08-29", "close": 14.879382, "volume": 2085935, "typical_volume": 2228390.25, "trend": 13.566146, "fair_value": 11.04109, "relative_strength": -3.664995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.51199, "energy": 64.436489, "activity_lines": [ 14.920876, 14.574368, 14.380268, 14.037894 ] }, { "date": "2025-09-05", "close": 14.344502, "volume": 2361171, "typical_volume": 2207920.95, "trend": 13.604632, "fair_value": 11.079493, "relative_strength": -5.333865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.666857, "energy": 54.563365, "activity_lines": [ 14.804823, 14.561637, 14.397265, 14.08811 ] }, { "date": "2025-09-12", "close": 14.412578, "volume": 1752757, "typical_volume": 2180199.2, "trend": 13.664298, "fair_value": 11.118454, "relative_strength": -4.636184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.762587, "energy": 33.991197, "activity_lines": [ 14.666078, 14.565173, 14.415697, 14.140236 ] }, { "date": "2025-09-19", "close": 13.974949, "volume": 2858757, "typical_volume": 2212279.65, "trend": 13.72545, "fair_value": 11.161034, "relative_strength": -6.698778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.807023, "energy": 13.628256, "activity_lines": [ 14.382106, 14.483659, 14.387304, 14.160278 ] }, { "date": "2025-09-26", "close": 13.897148, "volume": 1263917, "typical_volume": 2147696.15, "trend": 13.743666, "fair_value": 11.200327, "relative_strength": -6.981031, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.977387, "energy": 15.486174, "activity_lines": [ 14.14611, 14.390475, 14.35024, 14.171355 ] }, { "date": "2025-10-03", "close": 14.091649, "volume": 1704055, "typical_volume": 2060482.25, "trend": 13.82951, "fair_value": 11.243534, "relative_strength": -7.491447, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.060015, "energy": 17.916159, "activity_lines": [ 14.076089, 14.337429, 14.331257, 14.193806 ] }, { "date": "2025-10-10", "close": 14.422302, "volume": 1517626, "typical_volume": 2041725.4, "trend": 13.915974, "fair_value": 11.298346, "relative_strength": -4.195902, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.228917, "energy": 13.659835, "activity_lines": [ 14.168802, 14.338136, 14.341723, 14.23205 ] }, { "date": "2025-10-17", "close": 14.568178, "volume": 2132335, "typical_volume": 2062445.8, "trend": 14.004149, "fair_value": 11.354154, "relative_strength": -1.04404, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.543458, "energy": 10.257153, "activity_lines": [ 14.304953, 14.351574, 14.363211, 14.274128 ] }, { "date": "2025-10-24", "close": 14.928007, "volume": 2502653, "typical_volume": 2074928.45, "trend": 14.104003, "fair_value": 11.411601, "relative_strength": 0.110908, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.399817, "energy": 27.113317, "activity_lines": [ 14.550673, 14.427784, 14.418505, 14.333732 ] }, { "date": "2025-10-31", "close": 13.994399, "volume": 2440127, "typical_volume": 2093970.35, "trend": 14.144687, "fair_value": 11.463731, "relative_strength": -4.565835, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.883967, "energy": 13.347149, "activity_lines": [ 14.421654, 14.337075, 14.382893, 14.326661 ] }, { "date": "2025-11-07", "close": 13.352543, "volume": 2401161, "typical_volume": 2004786.2, "trend": 14.176898, "fair_value": 11.505685, "relative_strength": -6.854128, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.503356, "energy": 14.218252, "activity_lines": [ 14.072199, 14.155481, 14.285735, 14.275554 ] }, { "date": "2025-11-14", "close": 13.624846, "volume": 2106928, "typical_volume": 2028574.15, "trend": 14.188244, "fair_value": 11.550142, "relative_strength": -5.660299, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.233877, "energy": 35.329806, "activity_lines": [ 13.862786, 14.051158, 14.220808, 14.239938 ] }, { "date": "2025-11-21", "close": 13.897148, "volume": 1602979, "typical_volume": 2007209.05, "trend": 14.207091, "fair_value": 11.602224, "relative_strength": -0.052381, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.759637, "energy": 38.974466, "activity_lines": [ 13.797304, 14.009428, 14.186261, 14.221158 ] }, { "date": "2025-11-28", "close": 14.295877, "volume": 2714571, "typical_volume": 2058498.4, "trend": 14.226622, "fair_value": 11.657014, "relative_strength": 0.105995, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.383785, "energy": 32.364867, "activity_lines": [ 13.909467, 14.049567, 14.190707, 14.226886 ] }, { "date": "2025-12-05", "close": 13.556769, "volume": 1717222, "typical_volume": 2074328.0, "trend": 14.218364, "fair_value": 11.707823, "relative_strength": -5.355443, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.253601, "energy": 41.971011, "activity_lines": [ 13.817402, 13.949486, 14.123881, 14.18367 ] }, { "date": "2025-12-12", "close": 12.885739, "volume": 2395288, "typical_volume": 2110540.25, "trend": 14.192467, "fair_value": 11.756089, "relative_strength": -10.162885, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.953496, "energy": 51.277783, "activity_lines": [ 13.530836, 13.73359, 13.99602, 14.097694 ] }, { "date": "2025-12-19", "close": 12.681512, "volume": 3749690, "typical_volume": 2219962.2, "trend": 14.154539, "fair_value": 11.801257, "relative_strength": -11.507482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.821575, "energy": 66.63861, "activity_lines": [ 13.207315, 13.502486, 13.852783, 14.000213 ] }, { "date": "2025-12-26", "close": 12.623161, "volume": 857436, "typical_volume": 2178984.9, "trend": 14.092946, "fair_value": 11.845536, "relative_strength": -11.656329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.721167, "energy": 76.76581, "activity_lines": [ 12.927232, 13.292424, 13.708666, 13.901414 ] }, { "date": "2026-01-02", "close": 12.720412, "volume": 809883, "typical_volume": 2075661.45, "trend": 14.033299, "fair_value": 11.885256, "relative_strength": -11.244763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.401137, "energy": 76.891895, "activity_lines": [ 12.764499, 13.135408, 13.582379, 13.812864 ] }, { "date": "2026-01-09", "close": 13.799897, "volume": 2233828, "typical_volume": 2060415.95, "trend": 14.029733, "fair_value": 11.924017, "relative_strength": -6.263684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.057695, "energy": 54.986008, "activity_lines": [ 13.066625, 13.2148, 13.570153, 13.797806 ] }, { "date": "2026-01-16", "close": 13.916598, "volume": 2714556, "typical_volume": 2091847.0, "trend": 14.004448, "fair_value": 11.965223, "relative_strength": -5.383602, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.21439, "energy": 22.959587, "activity_lines": [ 13.391443, 13.318947, 13.576729, 13.790507 ] }, { "date": "2026-01-23", "close": 13.751272, "volume": 1990306, "typical_volume": 2073303.75, "trend": 13.977542, "fair_value": 12.003945, "relative_strength": -4.964504, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.37055, "energy": 20.450863, "activity_lines": [ 13.592429, 13.382779, 13.572145, 13.774173 ] }, { "date": "2026-01-30", "close": 13.897148, "volume": 2180747, "typical_volume": 2094703.25, "trend": 13.97041, "fair_value": 12.041086, "relative_strength": -2.342587, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.389048, "energy": 22.712427, "activity_lines": [ 13.770722, 13.470835, 13.584278, 13.768986 ] }, { "date": "2026-02-06", "close": 14.227801, "volume": 2466786, "typical_volume": 2075104.7, "trend": 13.9743, "fair_value": 12.083045, "relative_strength": -0.659302, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 12.547664, "energy": 22.471599, "activity_lines": [ 13.9743, 13.61901, 13.630356, 13.785592 ] }, { "date": "2026-02-13", "close": 15.248936, "volume": 2568621, "typical_volume": 2140339.9, "trend": 14.010607, "fair_value": 12.132701, "relative_strength": 5.464027, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.375428, "energy": 49.38637, "activity_lines": [ 14.417765, 13.954084, 13.772482, 13.867826 ] }, { "date": "2026-02-20", "close": 15.754641, "volume": 2875594, "typical_volume": 2198916.85, "trend": 14.07771, "fair_value": 12.187568, "relative_strength": 7.189435, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.358847, "energy": 66.361036, "activity_lines": [ 14.933195, 14.350337, 13.956332, 13.980345 ] }, { "date": "2026-02-27", "close": 16.085293, "volume": 3114945, "typical_volume": 2278782.8, "trend": 14.158429, "fair_value": 12.243888, "relative_strength": 9.177681, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.015981, "energy": 77.420251, "activity_lines": [ 15.436306, 14.754547, 14.163754, 14.109866 ] }, { "date": "2026-03-06", "close": 14.898831, "volume": 3474432, "typical_volume": 2345887.65, "trend": 14.174313, "fair_value": 12.298421, "relative_strength": 7.916149, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.795503, "energy": 68.234882, "activity_lines": [ 15.388328, 14.88115, 14.250261, 14.157634 ] }, { "date": "2026-03-13", "close": 12.973265, "volume": 3207720, "typical_volume": 2381141.0, "trend": 14.103968, "fair_value": 12.343944, "relative_strength": -5.575322, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.416208, "energy": 18.630762, "activity_lines": [ 14.631716, 14.616274, 14.151806, 14.080147 ] }, { "date": "2026-03-20", "close": 12.40921, "volume": 5847025, "typical_volume": 2551485.9, "trend": 14.0038, "fair_value": 12.388973, "relative_strength": -5.478601, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.84678, "energy": 22.626527, "activity_lines": [ 13.770722, 14.244245, 14.00894, 13.970808 ] }, { "date": "2026-03-27", "close": 12.496736, "volume": 5882053, "typical_volume": 2725530.5, "trend": 13.924378, "fair_value": 12.430442, "relative_strength": -4.563993, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.121842, "energy": 43.100951, "activity_lines": [ 13.128218, 13.913416, 13.881959, 13.873578 ] }, { "date": "2026-04-03", "close": 13.829073, "volume": 3625066, "typical_volume": 2801437.4, "trend": 13.907197, "fair_value": 12.478311, "relative_strength": 1.730291, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.69207, "energy": 40.865208, "activity_lines": [ 13.14702, 13.850645, 13.885941, 13.867429 ] }, { "date": "2026-04-10", "close": 14.500103, "volume": 2316453, "typical_volume": 2837111.1, "trend": 13.910115, "fair_value": 12.525161, "relative_strength": 3.813099, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.004695, "energy": 19.899174, "activity_lines": [ 13.539913, 13.908465, 13.952859, 13.905681 ] }, { "date": "2026-04-17", "close": 15.307285, "volume": 2680076, "typical_volume": 2835386.35, "trend": 13.954526, "fair_value": 12.577269, "relative_strength": 5.63028, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.987819, "energy": 24.492098, "activity_lines": [ 14.228449, 14.102082, 14.09378, 13.995821 ] }, { "date": "2026-04-24", "close": 14.62653, "volume": 2571299, "typical_volume": 2878090.2, "trend": 13.978839, "fair_value": 12.624057, "relative_strength": 3.307574, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.651015, "energy": 29.745964, "activity_lines": [ 14.534465, 14.152299, 14.165051, 14.039176 ] }, { "date": "2026-05-01", "close": 14.422302, "volume": 1735535, "typical_volume": 2845102.55, "trend": 13.98986, "fair_value": 12.670262, "relative_strength": 1.18042, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.809849, "energy": 31.1813, "activity_lines": [ 14.624584, 14.1767, 14.211778, 14.067787 ] }, { "date": "2026-05-08", "close": 14.033299, "volume": 2819358, "typical_volume": 2798585.95, "trend": 13.976894, "fair_value": 12.714034, "relative_strength": -1.700758, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.90366, "energy": 24.888871, "activity_lines": [ 14.456664, 14.154597, 14.21414, 14.070589 ] }, { "date": "2026-05-15", "close": 13.867973, "volume": 2647494, "typical_volume": 2888088.85, "trend": 13.953554, "fair_value": 12.75671, "relative_strength": -1.298398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.683438, "energy": 11.467131, "activity_lines": [ 14.220021, 14.139745, 14.194319, 14.063562 ] }, { "date": "2026-05-22", "close": 14.09, "volume": 2491485, "typical_volume": 2972168.95, "trend": 13.92562, "fair_value": 12.801234, "relative_strength": -3.43834, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.070794, "energy": 9.174062, "activity_lines": [ 14.099528, 14.184003, 14.189716, 14.072365 ] }, { "date": "2026-05-29", "close": 14.21, "volume": 2044575, "typical_volume": 2962706.3, "trend": 13.932807, "fair_value": 12.843897, "relative_strength": -3.337103, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.54285, "energy": 12.860094, "activity_lines": [ 14.100188, 14.229776, 14.19002, 14.090712 ] }, { "date": "2026-06-05", "close": 13.12, "volume": 524302, "typical_volume": 2853193.6, "trend": 13.925055, "fair_value": 12.875996, "relative_strength": -9.305987, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.944658, "energy": 17.094267, "activity_lines": [ 13.765283, 14.044625, 14.084561, 14.038273 ] }, { "date": "2026-06-12", "close": 13.36, "volume": 532265, "typical_volume": 2780291.55, "trend": 13.916227, "fair_value": 12.909949, "relative_strength": -7.032911, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.835356, "energy": 29.972686, "activity_lines": [ 13.597198, 13.891778, 14.005753, 14.001818 ] }, { "date": "2026-06-19", "close": 13.49, "volume": 670535, "typical_volume": 2704780.95, "trend": 13.902655, "fair_value": 12.947705, "relative_strength": -7.174168, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.435211, "energy": 39.249729, "activity_lines": [ 13.517333, 13.771097, 13.941189, 13.974319 ] }, { "date": "2026-06-26", "close": 14.11, "volume": 426201, "typical_volume": 2602751.7, "trend": 13.89646, "fair_value": 12.985654, "relative_strength": -1.559658, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.180489, "energy": 30.663482, "activity_lines": [ 13.669333, 13.781508, 13.937612, 13.987696 ] }, { "date": "2026-07-03", "close": 14.48, "volume": 525867, "typical_volume": 2500614.0, "trend": 13.927234, "fair_value": 13.02555, "relative_strength": -3.219597, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.861098, "energy": 6.344277, "activity_lines": [ 13.943333, 13.88096, 13.969833, 14.025344 ] }, { "date": "2026-07-10", "close": 13.6, "volume": 2414461, "typical_volume": 2477557.35, "trend": 13.951043, "fair_value": 13.055186, "relative_strength": -6.39694, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.168011, "energy": 7.567029, "activity_lines": [ 13.906, 13.823077, 13.921907, 14.004232 ] }, { "date": "2026-07-17", "close": 13.25, "volume": 1881276, "typical_volume": 2415873.9, "trend": 13.969992, "fair_value": 13.07967, "relative_strength": -7.787728, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.978609, "energy": 20.121239, "activity_lines": [ 13.72, 13.716509, 13.850907, 13.959004 ] }, { "date": "2026-07-24", "close": 13.1, "volume": 1788747, "typical_volume": 2331589.65, "trend": 13.985887, "fair_value": 13.102398, "relative_strength": -9.668626, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.575384, "energy": 41.530976, "activity_lines": [ 13.491333, 13.596909, 13.779124, 13.902875 ] }, { "date": "2026-07-31", "close": 13.81, "volume": 2132568, "typical_volume": 2277832.05, "trend": 14.022206, "fair_value": 13.130629, "relative_strength": -6.604821, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.543816, "energy": 43.865282, "activity_lines": [ 13.525333, 13.620364, 13.783525, 13.891528 ] }, { "date": "2026-08-07", "close": 13.86, "volume": 1716759, "typical_volume": 2071318.75, "trend": 14.02421, "fair_value": 13.15638, "relative_strength": -8.51047, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.499706, "energy": 34.999322, "activity_lines": [ 13.596, 13.658, 13.788703, 13.881063 ] } ], "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." } } }