{ "ticker": { "uuid": "ec38081d-c577-4dbc-8f14-b4fa73cadf10", "symbol": "BOR", "name": "Borgestad ASA", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "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": -48.118, "architecture_energy": 35.531, "architecture_maturity": 40.613, "architecture_confidence": 96, "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": 43.55, "rotation_up": 18.26, "upward_expansion": 7.72, "deceleration": 41.23, "rotation_down": 50.85, "downward_expansion": 76.38 }, "activity_lines": [ 16.193333, 16.315455, 16.327619, 16.450289 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 16.15, "trend_reference": 16.695368, "distance_from_trend": -0.032666, "trend_direction": "Weakening", "fair_value": 15.596351, "distance_from_fair_value": 0.035499, "fair_value_direction": "Weakening", "relative_strength": -16.30684, "relative_strength_direction": "Improving", "price_momentum": -0.077288, "excess_performance": -0.202282, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.032666, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.024244, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.035499, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.030401, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.163068, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.017997, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.077288, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.198618, "read": "Supply-led" } ], "volume": { "latest": 8600, "relative_activity": 0.328695, "balance": 0.198618, "dry_up": 0.910666, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.0412, "annualized_volatility": 0.246235, "from_high_reference": -0.197642, "from_low_reference": 0.076667 }, "levels": { "trend_reference": 16.695368, "fair_value_reference": 15.596351, "structural_low": 15.0, "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": 26, "median_return": -0.025453, "positive_rate": 0.307692, "directional_follow_through": 0.615385, "median_excess_return": -0.024954, "regime_survival": 0.884615, "best_return": 0.260223, "worst_return": -0.683594, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.036145, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.113777, "regime_survival": 0.666667, "best_return": 0.410774, "worst_return": -0.676768, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.025375, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.202178, "regime_survival": 0.6, "best_return": 0.557621, "worst_return": -0.771717, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.28767, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.365626, "regime_survival": 0.666667, "best_return": 0.59461, "worst_return": -0.858586, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2025-02-07", "tenure": "Established", "return": 0.078313, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.071008, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.074755, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-07-04", "tenure": "Developing", "return": 0.024617, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.058201, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": -0.126829, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-10-17", "tenure": "Developing", "return": -0.071038, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.060869, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.033898, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": 0.094395, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": -0.023136, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": -0.051948, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": -0.081057, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.027108, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 14.116746, "volume": 37569, "typical_volume": 37609.4, "trend": 14.667399, "fair_value": 80.178446, "relative_strength": -9.071418, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 14.523544, "energy": 10.743842, "activity_lines": [ 14.70411, 14.969576, 14.809234, 14.687638 ] }, { "date": "2023-08-25", "close": 14.51722, "volume": 8534, "typical_volume": 38007.15, "trend": 14.627351, "fair_value": 79.276735, "relative_strength": -5.585381, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 0.442309, "energy": 8.284071, "activity_lines": [ 14.590642, 14.864906, 14.795885, 14.677949 ] }, { "date": "2023-09-01", "close": 14.116746, "volume": 65696, "typical_volume": 40769.65, "trend": 14.590641, "fair_value": 78.410964, "relative_strength": -10.107235, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -17.36916, "energy": 18.077784, "activity_lines": [ 14.377055, 14.696525, 14.744395, 14.645007 ] }, { "date": "2023-09-08", "close": 15.017815, "volume": 2046, "typical_volume": 40604.4, "trend": 14.570617, "fair_value": 77.624775, "relative_strength": -3.978051, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -4.020184, "energy": 10.054973, "activity_lines": [ 14.537245, 14.708357, 14.780629, 14.672567 ] }, { "date": "2023-09-15", "close": 14.51722, "volume": 1170, "typical_volume": 40541.2, "trend": 14.53057, "fair_value": 76.758363, "relative_strength": -9.058824, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 8.30632, "energy": 8.365947, "activity_lines": [ 14.543919, 14.644645, 14.76871, 14.669122 ] }, { "date": "2023-09-22", "close": 14.767518, "volume": 4469, "typical_volume": 40398.0, "trend": 14.545588, "fair_value": 75.957734, "relative_strength": -6.821446, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 20.780319, "energy": 9.843598, "activity_lines": [ 14.647375, 14.635543, 14.778245, 14.684409 ] }, { "date": "2023-09-29", "close": 13.616152, "volume": 7812, "typical_volume": 39510.6, "trend": 14.502203, "fair_value": 75.165768, "relative_strength": -12.938022, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -25.255542, "energy": 16.423665, "activity_lines": [ 14.323658, 14.434395, 14.674551, 14.624445 ] }, { "date": "2023-10-06", "close": 13.716269, "volume": 23412, "typical_volume": 40457.2, "trend": 14.492191, "fair_value": 74.310266, "relative_strength": -9.061458, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -22.491802, "energy": 29.885533, "activity_lines": [ 14.093384, 14.276935, 14.579199, 14.57374 ] }, { "date": "2023-10-13", "close": 13.315796, "volume": 32571, "typical_volume": 39478.9, "trend": 14.488854, "fair_value": 73.461824, "relative_strength": -15.155735, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -37.08608, "energy": 47.450459, "activity_lines": [ 13.756318, 14.073968, 14.447138, 14.497843 ] }, { "date": "2023-10-20", "close": 13.716269, "volume": 5541, "typical_volume": 38891.05, "trend": 14.498866, "fair_value": 72.593486, "relative_strength": -9.506288, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -57.022013, "energy": 58.571647, "activity_lines": [ 13.666211, 13.978399, 14.359414, 14.447999 ] }, { "date": "2023-10-27", "close": 14.867637, "volume": 19238, "typical_volume": 39496.9, "trend": 14.510546, "fair_value": 71.777454, "relative_strength": -0.945066, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -39.323398, "energy": 27.378035, "activity_lines": [ 14.013289, 14.110374, 14.386113, 14.471791 ] }, { "date": "2023-11-03", "close": 15.318172, "volume": 8934, "typical_volume": 36225.7, "trend": 14.537245, "fair_value": 70.900131, "relative_strength": 0.34268, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -14.401069, "energy": 8.179982, "activity_lines": [ 14.503872, 14.310612, 14.449283, 14.523895 ] }, { "date": "2023-11-10", "close": 12.842472, "volume": 497789, "typical_volume": 42342.0, "trend": 14.48142, "fair_value": 70.013357, "relative_strength": -15.405382, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -46.973719, "energy": 18.435739, "activity_lines": [ 14.055753, 14.04616, 14.275242, 14.414555 ] }, { "date": "2023-11-17", "close": 12.063016, "volume": 81616, "typical_volume": 46012.4, "trend": 14.386264, "fair_value": 69.067033, "relative_strength": -20.959813, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -61.903589, "energy": 30.549453, "activity_lines": [ 13.406068, 13.663157, 14.037326, 14.258529 ] }, { "date": "2023-11-24", "close": 10.875273, "volume": 63258, "typical_volume": 47916.4, "trend": 14.281552, "fair_value": 68.109888, "relative_strength": -29.344315, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -70.913634, "energy": 61.200666, "activity_lines": [ 12.443988, 13.117924, 13.704414, 14.032014 ] }, { "date": "2023-12-01", "close": 9.984466, "volume": 53029, "typical_volume": 49523.2, "trend": 14.147147, "fair_value": 67.143823, "relative_strength": -34.16719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.13467, "energy": 78.080407, "activity_lines": [ 11.374372, 12.476944, 13.306391, 13.754782 ] }, { "date": "2023-12-08", "close": 10.170051, "volume": 98529, "typical_volume": 52368.5, "trend": 14.04062, "fair_value": 66.150067, "relative_strength": -31.989526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.217804, "energy": 78.744779, "activity_lines": [ 10.692163, 11.956671, 12.953347, 13.498196 ] }, { "date": "2023-12-15", "close": 10.021582, "volume": 147137, "typical_volume": 59190.15, "trend": 13.907452, "fair_value": 65.18103, "relative_strength": -32.63568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.209893, "energy": 79.193562, "activity_lines": [ 10.303672, 11.47206, 12.609248, 13.238903 ] }, { "date": "2023-12-22", "close": 11.135092, "volume": 302893, "typical_volume": 73816.55, "trend": 13.791377, "fair_value": 64.267266, "relative_strength": -24.703356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.17604, "energy": 66.557601, "activity_lines": [ 10.47441, 11.257082, 12.395943, 13.060041 ] }, { "date": "2023-12-29", "close": 12.582653, "volume": 3428156, "typical_volume": 244469.95, "trend": 13.720216, "fair_value": 63.356363, "relative_strength": -15.335613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.20935, "energy": 37.825938, "activity_lines": [ 11.18953, 11.344945, 12.339943, 12.982059 ] }, { "date": "2024-01-05", "close": 12.211483, "volume": 126615, "typical_volume": 248922.25, "trend": 13.676731, "fair_value": 62.343604, "relative_strength": -18.246031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.866942, "energy": 24.301543, "activity_lines": [ 11.667101, 11.385935, 12.25876, 12.884721 ] }, { "date": "2024-01-12", "close": 12.545536, "volume": 109594, "typical_volume": 253975.25, "trend": 13.594322, "fair_value": 61.316942, "relative_strength": -14.475705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.697805, "energy": 21.47013, "activity_lines": [ 12.107556, 11.535955, 12.218464, 12.811741 ] }, { "date": "2024-01-19", "close": 11.50626, "volume": 45511, "typical_volume": 252966.0, "trend": 13.47727, "fair_value": 60.363841, "relative_strength": -19.57233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.114586, "energy": 20.880266, "activity_lines": [ 12.043219, 11.547427, 12.088578, 12.677027 ] }, { "date": "2024-01-26", "close": 12.211483, "volume": 28264, "typical_volume": 254276.9, "trend": 13.355359, "fair_value": 59.495484, "relative_strength": -15.131651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.849518, "energy": 17.07476, "activity_lines": [ 12.114979, 11.711416, 12.038287, 12.595363 ] }, { "date": "2024-02-02", "close": 11.76608, "volume": 35673, "typical_volume": 256002.05, "trend": 13.246968, "fair_value": 58.633898, "relative_strength": -16.344631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.228007, "energy": 14.95228, "activity_lines": [ 11.966511, 11.791724, 11.958941, 12.492829 ] }, { "date": "2024-02-09", "close": 10.91239, "volume": 73025, "typical_volume": 259429.85, "trend": 13.086759, "fair_value": 57.741169, "relative_strength": -19.931539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.526707, "energy": 31.103703, "activity_lines": [ 11.587918, 11.700619, 11.811391, 12.342211 ] }, { "date": "2024-02-16", "close": 11.246442, "volume": 43405, "typical_volume": 261209.5, "trend": 12.961047, "fair_value": 56.88588, "relative_strength": -18.46178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.867679, "energy": 31.585621, "activity_lines": [ 11.407282, 11.653379, 11.714013, 12.223481 ] }, { "date": "2024-02-23", "close": 10.875273, "volume": 56014, "typical_volume": 262839.6, "trend": 12.816287, "fair_value": 56.018584, "relative_strength": -20.524811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.652094, "energy": 46.608034, "activity_lines": [ 11.18953, 11.519083, 11.59257, 12.088915 ] }, { "date": "2024-03-01", "close": 11.023741, "volume": 218402, "typical_volume": 272131.15, "trend": 12.676477, "fair_value": 55.123359, "relative_strength": -19.886893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.736486, "energy": 50.004758, "activity_lines": [ 11.063332, 11.39626, 11.498796, 11.973267 ] }, { "date": "2024-03-08", "close": 10.91239, "volume": 24149, "typical_volume": 273061.55, "trend": 12.549641, "fair_value": 54.237048, "relative_strength": -20.531444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.609469, "energy": 46.138838, "activity_lines": [ 10.9792, 11.255216, 11.405332, 11.859455 ] }, { "date": "2024-03-15", "close": 10.578336, "volume": 34367, "typical_volume": 273818.0, "trend": 12.431694, "fair_value": 53.348595, "relative_strength": -23.315218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.603061, "energy": 47.65512, "activity_lines": [ 10.84063, 11.083802, 11.293404, 11.732274 ] }, { "date": "2024-03-22", "close": 11.432027, "volume": 125271, "typical_volume": 279634.85, "trend": 12.328855, "fair_value": 52.475242, "relative_strength": -18.320898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.276262, "energy": 32.658901, "activity_lines": [ 11.008894, 11.0973, 11.283206, 11.667779 ] }, { "date": "2024-03-29", "close": 11.691846, "volume": 44189, "typical_volume": 256954.85, "trend": 12.248025, "fair_value": 51.5843, "relative_strength": -16.51082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.08987, "energy": 21.085041, "activity_lines": [ 11.251391, 11.178282, 11.316258, 11.626682 ] }, { "date": "2024-04-05", "close": 12.990939, "volume": 148117, "typical_volume": 260279.9, "trend": 12.180462, "fair_value": 50.704895, "relative_strength": -8.413739, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.611298, "energy": 13.564421, "activity_lines": [ 11.872481, 11.492089, 11.478512, 11.674612 ] }, { "date": "2024-04-12", "close": 13.399225, "volume": 28687, "typical_volume": 258551.35, "trend": 12.143196, "fair_value": 49.863405, "relative_strength": -6.86727, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.65993, "energy": 39.638054, "activity_lines": [ 12.498521, 11.865958, 11.675231, 11.753242 ] }, { "date": "2024-04-19", "close": 12.990939, "volume": 16515, "typical_volume": 256725.65, "trend": 12.083976, "fair_value": 49.035343, "relative_strength": -6.899998, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.830182, "energy": 57.37766, "activity_lines": [ 12.822675, 12.135899, 11.821048, 11.807935 ] }, { "date": "2024-04-26", "close": 13.696162, "volume": 52145, "typical_volume": 254406.45, "trend": 12.086643, "fair_value": 48.208593, "relative_strength": -3.371263, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.888883, "energy": 69.721747, "activity_lines": [ 13.221064, 12.496271, 12.019712, 11.911947 ] }, { "date": "2024-05-03", "close": 15.886064, "volume": 164203, "typical_volume": 255259.75, "trend": 12.15897, "fair_value": 47.376626, "relative_strength": 11.650689, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 65.121827, "energy": 80.184544, "activity_lines": [ 14.198478, 13.210267, 12.410147, 12.157071 ] }, { "date": "2024-05-10", "close": 16.331469, "volume": 172834, "typical_volume": 248756.8, "trend": 12.259492, "fair_value": 46.579604, "relative_strength": 10.842434, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 89.596314, "energy": 93.618653, "activity_lines": [ 15.044746, 13.91414, 12.815076, 12.426264 ] }, { "date": "2024-05-17", "close": 15.552011, "volume": 66756, "typical_volume": 80686.8, "trend": 12.320684, "fair_value": 45.761541, "relative_strength": 5.814214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.372267, "energy": 86.898555, "activity_lines": [ 15.408492, 14.379789, 13.121026, 12.638685 ] }, { "date": "2024-05-24", "close": 16.108765, "volume": 1897423, "typical_volume": 169227.2, "trend": 12.362055, "fair_value": 44.956674, "relative_strength": 9.203639, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.142535, "energy": 87.927201, "activity_lines": [ 15.814304, 14.86231, 13.46586, 12.883077 ] }, { "date": "2024-05-31", "close": 15.552011, "volume": 200679, "typical_volume": 173781.45, "trend": 12.369849, "fair_value": 44.148238, "relative_strength": 4.413638, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.008065, "energy": 66.308922, "activity_lines": [ 15.826677, 15.143049, 13.739112, 13.088881 ] }, { "date": "2024-06-07", "close": 15.589127, "volume": 132124, "typical_volume": 178112.1, "trend": 12.461404, "fair_value": 43.291906, "relative_strength": 5.935619, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.241105, "energy": 52.35709, "activity_lines": [ 15.727698, 15.355628, 14.001582, 13.296576 ] }, { "date": "2024-06-14", "close": 15.449938, "volume": 156656, "typical_volume": 184531.7, "trend": 12.574302, "fair_value": 42.428263, "relative_strength": 7.57304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.266596, "energy": 44.464214, "activity_lines": [ 15.602118, 15.47204, 14.231353, 13.489385 ] }, { "date": "2024-06-21", "close": 14.039495, "volume": 46250, "typical_volume": 185060.55, "trend": 12.679776, "fair_value": 41.539535, "relative_strength": -2.848218, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.220131, "energy": 28.524303, "activity_lines": [ 15.06516, 15.287299, 14.311376, 13.583913 ] }, { "date": "2024-06-28", "close": 14.011657, "volume": 25688, "typical_volume": 182693.7, "trend": 12.814016, "fair_value": 40.682717, "relative_strength": -3.507002, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.818869, "energy": 19.782836, "activity_lines": [ 14.619756, 15.085855, 14.377921, 13.669841 ] }, { "date": "2024-07-05", "close": 13.907729, "volume": 27204, "typical_volume": 181883.65, "trend": 12.938605, "fair_value": 39.80598, "relative_strength": -3.48932, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.639883, "energy": 21.059203, "activity_lines": [ 14.279517, 14.846957, 14.419811, 13.740403 ] }, { "date": "2024-07-12", "close": 13.733279, "volume": 17022, "typical_volume": 179934.05, "trend": 13.062328, "fair_value": 38.892826, "relative_strength": -5.105708, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.426295, "energy": 20.833247, "activity_lines": [ 13.990747, 14.572494, 14.432413, 13.791673 ] }, { "date": "2024-07-19", "close": 13.083733, "volume": 29571, "typical_volume": 170492.5, "trend": 13.127283, "fair_value": 37.985136, "relative_strength": -9.591896, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.318883, "energy": 14.262603, "activity_lines": [ 13.609185, 14.219073, 14.369544, 13.793054 ] }, { "date": "2024-07-26", "close": 12.526977, "volume": 49197, "typical_volume": 171744.9, "trend": 13.125427, "fair_value": 36.974399, "relative_strength": -12.297853, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.494844, "energy": 19.682589, "activity_lines": [ 13.199785, 13.823473, 14.243841, 13.754324 ] }, { "date": "2024-08-02", "close": 14.197241, "volume": 97654, "typical_volume": 174909.25, "trend": 13.191619, "fair_value": 36.038548, "relative_strength": 1.601944, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.620635, "energy": 15.711113, "activity_lines": [ 13.447973, 13.786559, 14.269522, 13.823473 ] }, { "date": "2024-08-09", "close": 14.753996, "volume": 102621, "typical_volume": 173776.75, "trend": 13.265234, "fair_value": 35.112683, "relative_strength": 5.536815, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.189009, "energy": 12.53391, "activity_lines": [ 13.869375, 13.885627, 14.330995, 13.924272 ] }, { "date": "2024-08-16", "close": 14.7076, "volume": 27905, "typical_volume": 172962.55, "trend": 13.371946, "fair_value": 34.202566, "relative_strength": 3.267687, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.498919, "energy": 16.404414, "activity_lines": [ 14.218893, 13.99077, 14.37223, 14.017328 ] }, { "date": "2024-08-23", "close": 15.514894, "volume": 135168, "typical_volume": 172315.1, "trend": 13.482059, "fair_value": 33.255908, "relative_strength": 9.776447, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.342672, "energy": 33.038889, "activity_lines": [ 14.772554, 14.258721, 14.47599, 14.155583 ] }, { "date": "2024-08-30", "close": 15.403543, "volume": 215590, "typical_volume": 181660.25, "trend": 13.603308, "fair_value": 32.250775, "relative_strength": 8.708783, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.596582, "energy": 42.245661, "activity_lines": [ 15.127022, 14.505245, 14.557126, 14.279549 ] }, { "date": "2024-09-06", "close": 14.941435, "volume": 196583, "typical_volume": 190663.65, "trend": 13.737609, "fair_value": 31.281187, "relative_strength": 9.749226, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.873852, "energy": 50.311736, "activity_lines": [ 15.135682, 14.642948, 14.584707, 14.36588 ] }, { "date": "2024-09-13", "close": 15.034228, "volume": 27904, "typical_volume": 189451.6, "trend": 13.863869, "fair_value": 30.289731, "relative_strength": 8.847727, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.426498, "energy": 51.067805, "activity_lines": [ 15.12566, 14.780618, 14.611838, 14.449533 ] }, { "date": "2024-09-20", "close": 15.384984, "volume": 13714, "typical_volume": 181927.15, "trend": 14.014193, "fair_value": 29.339031, "relative_strength": 11.479841, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.405939, "energy": 46.645425, "activity_lines": [ 15.213874, 14.961581, 14.666002, 14.547669 ] }, { "date": "2024-09-27", "close": 15.034228, "volume": 46332, "typical_volume": 175602.05, "trend": 14.147876, "fair_value": 28.411754, "relative_strength": 8.94732, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.689348, "energy": 29.690557, "activity_lines": [ 15.140012, 15.048738, 14.689147, 14.613478 ] }, { "date": "2024-10-04", "close": 15.125165, "volume": 4209, "typical_volume": 172474.7, "trend": 14.288301, "fair_value": 27.507523, "relative_strength": 6.50098, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.985021, "energy": 28.054377, "activity_lines": [ 15.128505, 15.116966, 14.72713, 14.676529 ] }, { "date": "2024-10-11", "close": 15.403543, "volume": 14264, "typical_volume": 78316.75, "trend": 14.449142, "fair_value": 26.553733, "relative_strength": 8.369441, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.718182, "energy": 30.460671, "activity_lines": [ 15.22835, 15.188568, 14.793658, 14.74848 ] }, { "date": "2024-10-18", "close": 15.683777, "volume": 72911, "typical_volume": 71928.35, "trend": 14.590867, "fair_value": 25.6595, "relative_strength": 11.516366, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.530572, "energy": 33.059351, "activity_lines": [ 15.390799, 15.289189, 14.890233, 14.828134 ] }, { "date": "2024-10-25", "close": 15.960299, "volume": 27129, "typical_volume": 66678.6, "trend": 14.733148, "fair_value": 24.783085, "relative_strength": 11.523752, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.95936, "energy": 47.196151, "activity_lines": [ 15.602119, 15.423181, 15.012516, 14.916484 ] }, { "date": "2024-11-01", "close": 16.145882, "volume": 6873, "typical_volume": 59189.45, "trend": 14.838313, "fair_value": 23.927112, "relative_strength": 15.173802, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.397963, "energy": 63.205978, "activity_lines": [ 15.836946, 15.56814, 15.150706, 15.007628 ] }, { "date": "2024-11-08", "close": 15.867505, "volume": 33406, "typical_volume": 58547.25, "trend": 14.920589, "fair_value": 23.111072, "relative_strength": 14.260872, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.006561, "energy": 64.151869, "activity_lines": [ 15.90487, 15.651012, 15.259069, 15.074028 ] }, { "date": "2024-11-15", "close": 16.981012, "volume": 785096, "typical_volume": 96517.65, "trend": 15.053592, "fair_value": 22.350303, "relative_strength": 19.287616, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.733275, "energy": 76.498038, "activity_lines": [ 16.294473, 15.927904, 15.464777, 15.206958 ] }, { "date": "2024-11-22", "close": 17.166599, "volume": 30773, "typical_volume": 96696.1, "trend": 15.169273, "fair_value": 21.833961, "relative_strength": 17.862596, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.43639, "energy": 81.302164, "activity_lines": [ 16.640775, 16.201456, 15.674019, 15.343281 ] }, { "date": "2024-11-29", "close": 15.921325, "volume": 37736, "typical_volume": 97731.8, "trend": 15.170448, "fair_value": 21.300652, "relative_strength": 9.698331, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.826377, "energy": 60.038106, "activity_lines": [ 16.47313, 16.209825, 15.749146, 15.391801 ] }, { "date": "2024-12-06", "close": 16.684078, "volume": 138936, "typical_volume": 103200.05, "trend": 15.182202, "fair_value": 20.786351, "relative_strength": 14.515019, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.894785, "energy": 54.007791, "activity_lines": [ 16.562334, 16.347124, 15.886496, 15.489455 ] }, { "date": "2024-12-13", "close": 16.424259, "volume": 57184, "typical_volume": 103599.4, "trend": 15.211277, "fair_value": 20.288355, "relative_strength": 12.241537, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.515909, "energy": 39.335956, "activity_lines": [ 16.529053, 16.407186, 15.981958, 15.569587 ] }, { "date": "2024-12-20", "close": 16.517052, "volume": 166356, "typical_volume": 107034.5, "trend": 15.224886, "fair_value": 19.824327, "relative_strength": 15.825259, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.202911, "energy": 30.781182, "activity_lines": [ 16.489585, 16.460499, 16.067698, 15.653831 ] }, { "date": "2024-12-27", "close": 17.15732, "volume": 62282, "typical_volume": 105017.55, "trend": 15.278397, "fair_value": 19.336164, "relative_strength": 17.705993, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.970014, "energy": 38.565772, "activity_lines": [ 16.694471, 16.609979, 16.203369, 15.778504 ] }, { "date": "2025-01-03", "close": 17.650976, "volume": 106317, "typical_volume": 108938.15, "trend": 15.347125, "fair_value": 18.842181, "relative_strength": 17.379153, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.786586, "energy": 42.149043, "activity_lines": [ 17.064527, 16.822423, 16.374611, 15.931574 ] }, { "date": "2025-01-10", "close": 16.795429, "volume": 66160, "typical_volume": 105487.75, "trend": 15.391975, "fair_value": 18.390206, "relative_strength": 10.033959, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.667427, "energy": 36.159912, "activity_lines": [ 17.034091, 16.848574, 16.450356, 16.025013 ] }, { "date": "2025-01-17", "close": 16.979158, "volume": 47711, "typical_volume": 97093.8, "trend": 15.489963, "fair_value": 17.949677, "relative_strength": 9.723273, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.9083, "energy": 35.289306, "activity_lines": [ 17.057475, 16.89632, 16.537502, 16.127411 ] }, { "date": "2025-01-24", "close": 16.517052, "volume": 11749, "typical_volume": 87852.1, "trend": 15.573477, "fair_value": 17.508753, "relative_strength": 6.733172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.427592, "energy": 28.753319, "activity_lines": [ 16.88983, 16.839835, 16.573134, 16.193675 ] }, { "date": "2025-01-31", "close": 16.442818, "volume": 57014, "typical_volume": 89307.6, "trend": 15.65798, "fair_value": 17.081473, "relative_strength": 4.10031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.2259, "energy": 16.246866, "activity_lines": [ 16.69744, 16.778288, 16.594193, 16.249762 ] }, { "date": "2025-02-07", "close": 16.609844, "volume": 38359, "typical_volume": 90539.85, "trend": 15.753865, "fair_value": 16.661681, "relative_strength": 6.836877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.102705, "energy": 14.18444, "activity_lines": [ 16.60836, 16.760269, 16.624452, 16.311172 ] }, { "date": "2025-02-14", "close": 16.700779, "volume": 56684, "typical_volume": 91057.45, "trend": 15.874433, "fair_value": 16.197547, "relative_strength": 6.742168, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.826128, "energy": 14.247502, "activity_lines": [ 16.618999, 16.746266, 16.657539, 16.372264 ] }, { "date": "2025-02-21", "close": 17.166599, "volume": 71582, "typical_volume": 94426.1, "trend": 16.029087, "fair_value": 15.814697, "relative_strength": 8.280962, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.828994, "energy": 18.663106, "activity_lines": [ 16.791222, 16.816653, 16.727054, 16.455629 ] }, { "date": "2025-02-28", "close": 17.170311, "volume": 179101, "typical_volume": 102667.95, "trend": 16.12819, "fair_value": 15.719391, "relative_strength": 8.50538, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.06906, "energy": 26.39755, "activity_lines": [ 16.952186, 16.874218, 16.787201, 16.529256 ] }, { "date": "2025-03-07", "close": 16.28507, "volume": 86086, "typical_volume": 103326.7, "trend": 16.179225, "fair_value": 15.654351, "relative_strength": 2.380826, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.509876, "energy": 17.765564, "activity_lines": [ 16.77452, 16.758953, 16.754627, 16.539378 ] }, { "date": "2025-03-14", "close": 16.511486, "volume": 86678, "typical_volume": 106304.15, "trend": 16.239355, "fair_value": 15.581135, "relative_strength": 2.350464, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.574403, "energy": 10.127962, "activity_lines": [ 16.682841, 16.700713, 16.740752, 16.560814 ] }, { "date": "2025-03-21", "close": 15.867505, "volume": 57945, "typical_volume": 108857.75, "trend": 16.251109, "fair_value": 15.526895, "relative_strength": -3.843401, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.765061, "energy": 8.070852, "activity_lines": [ 16.38306, 16.546104, 16.662922, 16.536824 ] }, { "date": "2025-03-28", "close": 16.238674, "volume": 62122, "typical_volume": 110293.55, "trend": 16.278946, "fair_value": 15.49108, "relative_strength": -0.611813, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.960421, "energy": 17.734107, "activity_lines": [ 16.262553, 16.475852, 16.621766, 16.536021 ] }, { "date": "2025-04-04", "close": 15.514894, "volume": 178328, "typical_volume": 79955.15, "trend": 16.298062, "fair_value": 15.460893, "relative_strength": 2.699319, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.049677, "energy": 41.017876, "activity_lines": [ 15.962648, 16.287467, 16.509911, 16.486728 ] }, { "date": "2025-04-11", "close": 15.540874, "volume": 21037, "typical_volume": 79468.35, "trend": 16.31495, "fair_value": 15.421888, "relative_strength": 1.785759, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.995706, "energy": 49.914748, "activity_lines": [ 15.781764, 16.122026, 16.407512, 16.437877 ] }, { "date": "2025-04-18", "close": 16.145882, "volume": 35186, "typical_volume": 79340.85, "trend": 16.340313, "fair_value": 15.390612, "relative_strength": 2.580061, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.405746, "energy": 38.43025, "activity_lines": [ 15.852163, 16.082986, 16.370475, 16.426969 ] }, { "date": "2025-04-25", "close": 15.867505, "volume": 20545, "typical_volume": 73421.3, "trend": 16.368089, "fair_value": 15.362686, "relative_strength": 0.03771, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.872001, "energy": 33.416954, "activity_lines": [ 15.854142, 16.001767, 16.305856, 16.396466 ] }, { "date": "2025-05-02", "close": 15.958442, "volume": 45954, "typical_volume": 72859.8, "trend": 16.395865, "fair_value": 15.334059, "relative_strength": -2.793366, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -50.344614, "energy": 28.927285, "activity_lines": [ 15.886435, 15.952233, 16.253786, 16.370037 ] }, { "date": "2025-05-09", "close": 16.702637, "volume": 40225, "typical_volume": 66553.25, "trend": 16.439168, "fair_value": 15.310203, "relative_strength": 2.139245, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -23.611149, "energy": 12.802156, "activity_lines": [ 16.185474, 16.059973, 16.274811, 16.389828 ] }, { "date": "2025-05-16", "close": 16.702637, "volume": 77917, "typical_volume": 67335.0, "trend": 16.47313, "fair_value": 15.279929, "relative_strength": -1.73484, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.959327, "energy": 12.719781, "activity_lines": [ 16.40533, 16.176217, 16.294951, 16.406826 ] }, { "date": "2025-05-23", "close": 16.331469, "volume": 181013, "typical_volume": 71069.8, "trend": 16.485502, "fair_value": 15.243425, "relative_strength": -2.799362, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.900066, "energy": 15.335637, "activity_lines": [ 16.424013, 16.217383, 16.281907, 16.397687 ] }, { "date": "2025-05-30", "close": 16.190054, "volume": 109487, "typical_volume": 73236.15, "trend": 16.486975, "fair_value": 15.202163, "relative_strength": -4.305049, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.064499, "energy": 15.960904, "activity_lines": [ 16.383185, 16.236111, 16.261679, 16.378626 ] }, { "date": "2025-06-06", "close": 16.384531, "volume": 58828, "typical_volume": 73792.0, "trend": 16.504209, "fair_value": 15.154447, "relative_strength": -4.45722, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.689336, "energy": 9.73699, "activity_lines": [ 16.385679, 16.284334, 16.262855, 16.372017 ] }, { "date": "2025-06-13", "close": 16.48177, "volume": 31848, "typical_volume": 74796.95, "trend": 16.487568, "fair_value": 15.117623, "relative_strength": -6.253149, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.306798, "energy": 6.10506, "activity_lines": [ 16.392181, 16.347584, 16.276123, 16.370569 ] }, { "date": "2025-06-20", "close": 16.530386, "volume": 413472, "typical_volume": 92619.85, "trend": 16.466361, "fair_value": 15.086244, "relative_strength": -6.93206, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.633046, "energy": 6.549935, "activity_lines": [ 16.429612, 16.402094, 16.294189, 16.373331 ] }, { "date": "2025-06-27", "close": 17.113813, "volume": 47153, "typical_volume": 93059.55, "trend": 16.50611, "fair_value": 15.054755, "relative_strength": -1.62156, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.435113, "energy": 26.196029, "activity_lines": [ 16.673002, 16.544691, 16.367403, 16.415102 ] }, { "date": "2025-07-04", "close": 17.113813, "volume": 45701, "typical_volume": 92510.4, "trend": 16.520435, "fair_value": 15.030967, "relative_strength": -3.195283, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.050539, "energy": 36.827735, "activity_lines": [ 16.864236, 16.669689, 16.438217, 16.454309 ] }, { "date": "2025-07-11", "close": 18.377901, "volume": 58008, "typical_volume": 91831.7, "trend": 16.585556, "fair_value": 15.008865, "relative_strength": 3.94043, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.750909, "energy": 62.693188, "activity_lines": [ 17.415249, 17.001861, 16.627454, 16.574146 ] }, { "date": "2025-07-18", "close": 19.447514, "volume": 127451, "typical_volume": 89249.2, "trend": 16.683238, "fair_value": 14.988484, "relative_strength": 10.108167, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.489609, "energy": 86.348977, "activity_lines": [ 18.189908, 17.484518, 16.91279, 16.758788 ] }, { "date": "2025-07-25", "close": 19.933702, "volume": 78766, "typical_volume": 88883.2, "trend": 16.775784, "fair_value": 14.972504, "relative_strength": 12.31384, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.463779, "energy": 89.691857, "activity_lines": [ 18.928914, 18.005666, 17.233586, 16.968495 ] }, { "date": "2025-08-01", "close": 19.933702, "volume": 60464, "typical_volume": 87572.5, "trend": 16.851875, "fair_value": 14.959091, "relative_strength": 12.490082, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.950487, "energy": 89.072799, "activity_lines": [ 19.441032, 18.468067, 17.537008, 17.172232 ] }, { "date": "2025-08-08", "close": 19.447514, "volume": 27149, "typical_volume": 86032.7, "trend": 16.940278, "fair_value": 14.950263, "relative_strength": 8.28612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.903282, "energy": 82.947096, "activity_lines": [ 19.603094, 18.776575, 17.777829, 17.339693 ] }, { "date": "2025-08-15", "close": 20.128178, "volume": 29545, "typical_volume": 84403.85, "trend": 17.045245, "fair_value": 14.954142, "relative_strength": 10.877767, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.367894, "energy": 78.191447, "activity_lines": [ 19.836465, 19.149614, 18.066429, 17.545364 ] }, { "date": "2025-08-22", "close": 18.475138, "volume": 109922, "typical_volume": 80983.55, "trend": 17.110515, "fair_value": 14.948707, "relative_strength": -0.123298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.292063, "energy": 49.429729, "activity_lines": [ 19.402137, 19.154034, 18.179074, 17.637615 ] }, { "date": "2025-08-29", "close": 17.405525, "volume": 37089, "typical_volume": 81786.15, "trend": 17.142605, "fair_value": 14.940909, "relative_strength": -4.858457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.949953, "energy": 25.511701, "activity_lines": [ 18.676096, 18.927735, 18.175755, 17.656648 ] }, { "date": "2025-09-05", "close": 17.794474, "volume": 23138, "typical_volume": 81183.75, "trend": 17.182093, "fair_value": 14.940738, "relative_strength": -1.528525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.331751, "energy": 21.394049, "activity_lines": [ 18.24825, 18.756243, 18.2006, 17.698704 ] }, { "date": "2025-09-12", "close": 18.475138, "volume": 77747, "typical_volume": 84043.85, "trend": 17.241238, "fair_value": 14.943646, "relative_strength": 0.378329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.902555, "energy": 23.089329, "activity_lines": [ 18.189908, 18.696133, 18.282419, 17.782126 ] }, { "date": "2025-09-19", "close": 17.405525, "volume": 76626, "typical_volume": 85577.45, "trend": 17.249202, "fair_value": 14.946116, "relative_strength": -4.859269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.631401, "energy": 18.553196, "activity_lines": [ 17.839852, 18.416796, 18.249953, 17.792725 ] }, { "date": "2025-09-26", "close": 17.356907, "volume": 20672, "typical_volume": 84599.8, "trend": 17.255422, "fair_value": 14.953409, "relative_strength": -6.042812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.729042, "energy": 12.218489, "activity_lines": [ 17.655101, 18.146298, 18.205966, 17.799674 ] }, { "date": "2025-10-03", "close": 17.308287, "volume": 39029, "typical_volume": 82655.4, "trend": 17.289529, "fair_value": 14.961674, "relative_strength": -5.636071, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.028798, "energy": 11.529826, "activity_lines": [ 17.528693, 17.904972, 18.154233, 17.803085 ] }, { "date": "2025-10-10", "close": 16.822098, "volume": 21157, "typical_volume": 74662.6, "trend": 17.299883, "fair_value": 14.966822, "relative_strength": -8.2383, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.997359, "energy": 23.747579, "activity_lines": [ 17.246703, 17.622983, 18.053312, 17.772928 ] }, { "date": "2025-10-17", "close": 16.530386, "volume": 30795, "typical_volume": 70728.0, "trend": 17.321979, "fair_value": 14.972667, "relative_strength": -8.171643, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.019221, "energy": 39.447054, "activity_lines": [ 16.932301, 17.34453, 17.922273, 17.723283 ] }, { "date": "2025-10-24", "close": 16.773481, "volume": 19905, "typical_volume": 68781.85, "trend": 17.339806, "fair_value": 14.977504, "relative_strength": -7.821839, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.1253, "energy": 42.407226, "activity_lines": [ 16.828582, 17.163315, 17.812765, 17.687896 ] }, { "date": "2025-10-31", "close": 17.794474, "volume": 32069, "typical_volume": 68792.9, "trend": 17.415792, "fair_value": 15.00172, "relative_strength": -0.289361, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.221148, "energy": 25.61823, "activity_lines": [ 17.107329, 17.228729, 17.798642, 17.717229 ] }, { "date": "2025-11-07", "close": 17.21105, "volume": 14089, "typical_volume": 48823.75, "trend": 17.471464, "fair_value": 15.01578, "relative_strength": -2.724907, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.125493, "energy": 14.860533, "activity_lines": [ 17.162431, 17.200442, 17.722704, 17.70402 ] }, { "date": "2025-11-14", "close": 17.16243, "volume": 10279, "typical_volume": 46980.05, "trend": 17.505349, "fair_value": 15.032736, "relative_strength": -3.747678, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.825932, "energy": 9.817011, "activity_lines": [ 17.207808, 17.16685, 17.638895, 17.684082 ] }, { "date": "2025-11-21", "close": 16.870718, "volume": 19671, "typical_volume": 45678.55, "trend": 17.53879, "fair_value": 15.047823, "relative_strength": -3.350097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.120892, "energy": 11.702581, "activity_lines": [ 17.133259, 17.091712, 17.527072, 17.643138 ] }, { "date": "2025-11-28", "close": 16.627625, "volume": 18464, "typical_volume": 43701.35, "trend": 17.561096, "fair_value": 15.06456, "relative_strength": -6.180113, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.731562, "energy": 28.850312, "activity_lines": [ 16.954991, 17.001547, 17.393254, 17.584354 ] }, { "date": "2025-12-05", "close": 16.48177, "volume": 34726, "typical_volume": 39065.1, "trend": 17.553734, "fair_value": 15.080362, "relative_strength": -8.073894, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.995346, "energy": 52.684939, "activity_lines": [ 16.737828, 16.899006, 17.253881, 17.51472 ] }, { "date": "2025-12-12", "close": 18.037569, "volume": 64806, "typical_volume": 38367.1, "trend": 17.598231, "fair_value": 15.106779, "relative_strength": 0.035556, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.32234, "energy": 18.075547, "activity_lines": [ 17.126778, 17.095249, 17.276801, 17.545935 ] }, { "date": "2025-12-19", "close": 18.912708, "volume": 32077, "typical_volume": 36947.75, "trend": 17.684273, "fair_value": 15.138164, "relative_strength": 3.867113, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.510388, "energy": 17.335753, "activity_lines": [ 17.75234, 17.437348, 17.392097, 17.63074 ] }, { "date": "2025-12-26", "close": 18.475138, "volume": 7251, "typical_volume": 35952.85, "trend": 17.760442, "fair_value": 15.166744, "relative_strength": 1.245401, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.716543, "energy": 27.571261, "activity_lines": [ 18.11536, 17.661879, 17.470581, 17.681763 ] }, { "date": "2026-01-02", "close": 18.718231, "volume": 18206, "typical_volume": 35385.9, "trend": 17.838232, "fair_value": 15.200734, "relative_strength": 0.921637, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.661113, "energy": 39.43596, "activity_lines": [ 18.452449, 17.895249, 17.576848, 17.743556 ] }, { "date": "2026-01-09", "close": 17.697239, "volume": 28378, "typical_volume": 31308.7, "trend": 17.878748, "fair_value": 15.224327, "relative_strength": -4.440483, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.73571, "energy": 39.045931, "activity_lines": [ 18.309835, 17.907625, 17.592592, 17.73446 ] }, { "date": "2026-01-16", "close": 17.745857, "volume": 34870, "typical_volume": 31197.75, "trend": 17.919263, "fair_value": 15.229621, "relative_strength": -6.916308, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.000359, "energy": 22.574841, "activity_lines": [ 18.102395, 17.930608, 17.616669, 17.725886 ] }, { "date": "2026-01-23", "close": 17.356907, "volume": 11657, "typical_volume": 30623.7, "trend": 17.927367, "fair_value": 15.240122, "relative_strength": -7.860798, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.775389, "energy": 11.81284, "activity_lines": [ 17.784752, 17.87315, 17.602084, 17.689605 ] }, { "date": "2026-01-30", "close": 17.405525, "volume": 20582, "typical_volume": 27765.45, "trend": 17.93709, "fair_value": 15.254145, "relative_strength": -8.864611, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.883437, "energy": 21.88728, "activity_lines": [ 17.587036, 17.820995, 17.594212, 17.655938 ] }, { "date": "2026-02-06", "close": 17.502762, "volume": 48516, "typical_volume": 26359.95, "trend": 17.907919, "fair_value": 15.266223, "relative_strength": -10.183673, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.889421, "energy": 22.114991, "activity_lines": [ 17.493039, 17.776796, 17.600695, 17.627917 ] }, { "date": "2026-02-13", "close": 17.502762, "volume": 17570, "typical_volume": 26204.85, "trend": 17.843094, "fair_value": 15.27766, "relative_strength": -11.013762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.431768, "energy": 18.387915, "activity_lines": [ 17.480074, 17.716685, 17.606714, 17.601778 ] }, { "date": "2026-02-20", "close": 17.697239, "volume": 20387, "typical_volume": 25272.75, "trend": 17.768545, "fair_value": 15.299328, "relative_strength": -12.628806, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.755844, "energy": 12.69989, "activity_lines": [ 17.544899, 17.673371, 17.630561, 17.592368 ] }, { "date": "2026-02-27", "close": 17.6, "volume": 29137, "typical_volume": 25671.75, "trend": 17.690755, "fair_value": 15.316522, "relative_strength": -13.125555, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.536882, "energy": 12.922142, "activity_lines": [ 17.580553, 17.618564, 17.643294, 17.581494 ] }, { "date": "2026-03-06", "close": 17.35, "volume": 45599, "typical_volume": 26411.95, "trend": 17.620838, "fair_value": 15.33789, "relative_strength": -14.627829, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.932922, "energy": 9.05536, "activity_lines": [ 17.516667, 17.54217, 17.628514, 17.559509 ] }, { "date": "2026-03-13", "close": 16.799999, "volume": 35540, "typical_volume": 27193.7, "trend": 17.509899, "fair_value": 15.359583, "relative_strength": -18.765873, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.153354, "energy": 26.374011, "activity_lines": [ 17.273149, 17.386233, 17.55745, 17.506552 ] }, { "date": "2026-03-20", "close": 16.5, "volume": 33569, "typical_volume": 27268.7, "trend": 17.444061, "fair_value": 15.379353, "relative_strength": -20.770518, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.81273, "energy": 49.758626, "activity_lines": [ 16.976482, 17.210628, 17.457688, 17.441397 ] }, { "date": "2026-03-27", "close": 15.95, "volume": 38480, "typical_volume": 28488.25, "trend": 17.395543, "fair_value": 15.388537, "relative_strength": -23.62235, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.659999, "energy": 73.528381, "activity_lines": [ 16.563333, 16.956791, 17.311709, 17.345006 ] }, { "date": "2026-04-03", "close": 16.6, "volume": 18662, "typical_volume": 28907.4, "trend": 17.355728, "fair_value": 15.401888, "relative_strength": -22.851566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.159273, "energy": 69.082133, "activity_lines": [ 16.483333, 16.853787, 17.23364, 17.293681 ] }, { "date": "2026-04-10", "close": 17.5, "volume": 58909, "typical_volume": 30869.3, "trend": 17.323223, "fair_value": 15.421009, "relative_strength": -17.920194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.977361, "energy": 49.79265, "activity_lines": [ 16.77, 16.928182, 17.243964, 17.302989 ] }, { "date": "2026-04-17", "close": 16.85, "volume": 61580, "typical_volume": 33025.1, "trend": 17.304705, "fair_value": 15.433395, "relative_strength": -17.553291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.340223, "energy": 30.94929, "activity_lines": [ 16.83, 16.882677, 17.189386, 17.272458 ] }, { "date": "2026-04-24", "close": 15.7, "volume": 62437, "typical_volume": 34410.65, "trend": 17.249475, "fair_value": 15.444186, "relative_strength": -23.751469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.607214, "energy": 38.809727, "activity_lines": [ 16.503333, 16.63995, 17.024225, 17.168929 ] }, { "date": "2026-05-01", "close": 16.450001, "volume": 41376, "typical_volume": 33239.15, "trend": 17.220866, "fair_value": 15.459785, "relative_strength": -20.715985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.071145, "energy": 30.322227, "activity_lines": [ 16.48, 16.566364, 16.934216, 17.11735 ] }, { "date": "2026-05-08", "close": 16.5, "volume": 11617, "typical_volume": 32216.15, "trend": 17.210129, "fair_value": 15.479875, "relative_strength": -18.10656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.603774, "energy": 34.215535, "activity_lines": [ 16.44, 16.524546, 16.856529, 17.070843 ] }, { "date": "2026-05-15", "close": 16.5, "volume": 2116, "typical_volume": 31959.4, "trend": 17.209116, "fair_value": 15.495795, "relative_strength": -19.660696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.700081, "energy": 40.171317, "activity_lines": [ 16.406667, 16.502727, 16.79033, 17.025028 ] }, { "date": "2026-05-22", "close": 15.8, "volume": 53036, "typical_volume": 33700.9, "trend": 17.176667, "fair_value": 15.503376, "relative_strength": -23.629652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.385012, "energy": 39.014942, "activity_lines": [ 16.206667, 16.369091, 16.666871, 16.934117 ] }, { "date": "2026-05-29", "close": 15.8, "volume": 37418, "typical_volume": 34152.9, "trend": 17.110184, "fair_value": 15.510315, "relative_strength": -21.612331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.228977, "energy": 44.62038, "activity_lines": [ 16.076667, 16.253636, 16.557307, 16.8453 ] }, { "date": "2026-06-05", "close": 16.9, "volume": 111, "typical_volume": 32414.95, "trend": 17.099816, "fair_value": 15.532007, "relative_strength": -16.001247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.540223, "energy": 27.699789, "activity_lines": [ 16.306667, 16.350909, 16.56154, 16.83174 ] }, { "date": "2026-06-12", "close": 16.049999, "volume": 8471, "typical_volume": 32255.65, "trend": 17.062735, "fair_value": 15.538624, "relative_strength": -19.557141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.051036, "energy": 30.898772, "activity_lines": [ 16.223333, 16.276364, 16.488849, 16.764009 ] }, { "date": "2026-06-19", "close": 16.1, "volume": 60, "typical_volume": 31229.55, "trend": 17.037044, "fair_value": 15.545561, "relative_strength": -17.166539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.346702, "energy": 28.13008, "activity_lines": [ 16.186666, 16.220909, 16.427143, 16.701897 ] }, { "date": "2026-06-26", "close": 16.35, "volume": 3730, "typical_volume": 28990.25, "trend": 17.02779, "fair_value": 15.548645, "relative_strength": -13.331956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.278805, "energy": 18.943402, "activity_lines": [ 16.26, 16.236364, 16.395463, 16.657572 ] }, { "date": "2026-07-03", "close": 17.200001, "volume": 5270, "typical_volume": 28375.25, "trend": 17.051731, "fair_value": 15.562634, "relative_strength": -10.575958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.345211, "energy": 8.575729, "activity_lines": [ 16.58, 16.415455, 16.450225, 16.668682 ] }, { "date": "2026-07-10", "close": 16.450001, "volume": 24702, "typical_volume": 28591.0, "trend": 16.998812, "fair_value": 15.567322, "relative_strength": -13.496819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.53198, "energy": 14.137331, "activity_lines": [ 16.556667, 16.430909, 16.435, 16.629861 ] }, { "date": "2026-07-17", "close": 16.25, "volume": 7523, "typical_volume": 27510.3, "trend": 16.910055, "fair_value": 15.57522, "relative_strength": -15.017832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.901081, "energy": 14.31217, "activity_lines": [ 16.496667, 16.41, 16.406667, 16.581551 ] }, { "date": "2026-07-24", "close": 16.0, "volume": 56757, "typical_volume": 28068.2, "trend": 16.827551, "fair_value": 15.580233, "relative_strength": -17.709513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.437359, "energy": 20.936925, "activity_lines": [ 16.34, 16.348182, 16.360953, 16.522837 ] }, { "date": "2026-07-31", "close": 16.299999, "volume": 22427, "typical_volume": 27412.55, "trend": 16.746943, "fair_value": 15.587168, "relative_strength": -15.880022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.636494, "energy": 25.889781, "activity_lines": [ 16.29, 16.35, 16.350238, 16.488802 ] }, { "date": "2026-08-07", "close": 16.15, "volume": 8600, "typical_volume": 26164.1, "trend": 16.695368, "fair_value": 15.596351, "relative_strength": -16.30684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.117929, "energy": 35.530544, "activity_lines": [ 16.193333, 16.315455, 16.327619, 16.450289 ] } ], "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." } } }