{ "ticker": { "uuid": "ed6e3dd4-b158-4e6a-ac74-bf97add56b38", "symbol": "OFIX", "name": "Orthofix Medical Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -21.244, "architecture_energy": 15.697, "architecture_maturity": 36.272, "architecture_confidence": 72.926, "architecture_tenure": "New", "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": 53.86, "rotation_up": 37.17, "upward_expansion": 33.74, "deceleration": 43.9, "rotation_down": 23.55, "downward_expansion": 42.07 }, "activity_lines": [ 11.142667, 10.834909, 10.818333, 11.149978 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 10.28, "trend_reference": 11.717667, "distance_from_trend": -0.122692, "trend_direction": "Weakening", "fair_value": 14.084263, "distance_from_fair_value": -0.270107, "fair_value_direction": "Weakening", "relative_strength": -32.269902, "relative_strength_direction": "Weakening", "price_momentum": -0.196875, "excess_performance": -0.384329, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122692, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.121592, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.270107, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.056695, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.322699, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.052902, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.196875, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.962329, "read": "Supply-led" } ], "volume": { "latest": 3266242, "relative_activity": 1.781053, "balance": 0.962329, "dry_up": 1.031474, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.141937, "annualized_volatility": 0.501416, "from_high_reference": -0.394938, "from_low_reference": 0.161582 }, "levels": { "trend_reference": 11.717667, "fair_value_reference": 14.084263, "structural_low": 8.85, "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": 20, "median_return": -0.027023, "positive_rate": 0.45, "directional_follow_through": 0.45, "median_excess_return": -0.020371, "regime_survival": 0.6, "best_return": 0.273829, "worst_return": -0.285244, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.137023, "positive_rate": 0.3, "directional_follow_through": 0.3, "median_excess_return": -0.152249, "regime_survival": 0.2, "best_return": 0.180153, "worst_return": -0.444674, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.156396, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.288893, "regime_survival": 0.25, "best_return": 0.155311, "worst_return": -0.331774, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.264911, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.405292, "regime_survival": 0.0, "best_return": 0.245421, "worst_return": -0.542516, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-09-27", "tenure": "Developing", "return": -0.072078, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": 0.269457, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": -0.03042, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-07", "tenure": "Developing", "return": 0.048991, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": -0.066093, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.030886, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.148817, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-08-08", "tenure": "Established", "return": -0.039908, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-10-10", "tenure": "Developing", "return": -0.002108, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2026-01-09", "tenure": "Established", "return": 0.047809, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": -0.058363, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-02-27", "tenure": "New", "return": 0.057031, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-07-24", "tenure": "Established", "return": -0.108558, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.128814, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18.23, "volume": 883593, "typical_volume": 1071745.25, "trend": 19.136667, "fair_value": 29.934295, "relative_strength": -17.708048, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.161131, "energy": 7.083433, "activity_lines": [ 19.036, 19.160727, 19.124476, 18.971849 ] }, { "date": "2023-08-25", "close": 19.49, "volume": 1341630, "typical_volume": 1090237.55, "trend": 19.079, "fair_value": 29.862436, "relative_strength": -13.043883, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.361601, "energy": 5.67279, "activity_lines": [ 19.09, 19.227455, 19.171571, 18.994645 ] }, { "date": "2023-09-01", "close": 21.28, "volume": 1528049, "typical_volume": 1118652.3, "trend": 19.037333, "fair_value": 29.814295, "relative_strength": -8.174897, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.18795, "energy": 37.220489, "activity_lines": [ 19.822, 19.623091, 19.378857, 19.136645 ] }, { "date": "2023-09-08", "close": 18.37, "volume": 963485, "typical_volume": 1097881.8, "trend": 18.943, "fair_value": 29.751026, "relative_strength": -19.134367, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 29.652832, "energy": 12.698048, "activity_lines": [ 19.454667, 19.437091, 19.294571, 19.093591 ] }, { "date": "2023-09-15", "close": 13.03, "volume": 9319407, "typical_volume": 1524588.95, "trend": 18.653, "fair_value": 29.643205, "relative_strength": -41.630145, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.329181, "energy": 49.220739, "activity_lines": [ 17.312, 18.274545, 18.709143, 18.712108 ] }, { "date": "2023-09-22", "close": 12.5, "volume": 2937435, "typical_volume": 1623951.05, "trend": 18.391333, "fair_value": 29.534872, "relative_strength": -41.357863, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.439619, "energy": 80.06638, "activity_lines": [ 15.452, 17.103091, 18.100857, 18.31514 ] }, { "date": "2023-09-29", "close": 12.86, "volume": 2461482, "typical_volume": 1679153.15, "trend": 18.142667, "fair_value": 29.416346, "relative_strength": -39.018825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.624972, "energy": 85.459544, "activity_lines": [ 14.094, 16.144727, 17.555333, 17.95828 ] }, { "date": "2023-10-06", "close": 11.57, "volume": 2358966, "typical_volume": 1737271.65, "trend": 17.940333, "fair_value": 29.271474, "relative_strength": -45.445655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.78834, "energy": 91.225105, "activity_lines": [ 12.748, 15.094545, 16.912286, 17.534237 ] }, { "date": "2023-10-13", "close": 12.43, "volume": 4759140, "typical_volume": 1909139.05, "trend": 17.793667, "fair_value": 29.128718, "relative_strength": -41.030566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.673253, "energy": 87.419654, "activity_lines": [ 12.336, 14.342, 16.390667, 17.178731 ] }, { "date": "2023-10-20", "close": 10.99, "volume": 5560189, "typical_volume": 2142680.1, "trend": 17.639333, "fair_value": 28.984551, "relative_strength": -45.870294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.289396, "energy": 88.361801, "activity_lines": [ 11.84, 13.436909, 15.762524, 16.739785 ] }, { "date": "2023-10-27", "close": 10.74, "volume": 4951592, "typical_volume": 2334945.0, "trend": 17.439, "fair_value": 28.853013, "relative_strength": -45.206562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.140058, "energy": 83.103249, "activity_lines": [ 11.396667, 12.648727, 15.152952, 16.294667 ] }, { "date": "2023-11-03", "close": 12.28, "volume": 1942438, "typical_volume": 2361378.2, "trend": 17.270667, "fair_value": 28.706026, "relative_strength": -40.690812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.267815, "energy": 59.638637, "activity_lines": [ 11.584, 12.276727, 14.729667, 15.961828 ] }, { "date": "2023-11-10", "close": 10.0, "volume": 3266133, "typical_volume": 2474676.1, "trend": 16.995667, "fair_value": 28.534359, "relative_strength": -52.478976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.837712, "energy": 64.911057, "activity_lines": [ 11.05, 11.621273, 14.124476, 15.492753 ] }, { "date": "2023-11-17", "close": 10.49, "volume": 2723380, "typical_volume": 2565504.95, "trend": 16.681, "fair_value": 28.369872, "relative_strength": -50.591542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.417845, "energy": 60.658741, "activity_lines": [ 10.784, 11.26, 13.605905, 15.073032 ] }, { "date": "2023-11-24", "close": 11.45, "volume": 4154466, "typical_volume": 2739222.05, "trend": 16.435, "fair_value": 28.199231, "relative_strength": -45.967387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.378753, "energy": 54.009539, "activity_lines": [ 10.967333, 11.216545, 13.21481, 14.735548 ] }, { "date": "2023-12-01", "close": 11.12, "volume": 3762348, "typical_volume": 2864802.7, "trend": 16.189667, "fair_value": 28.032756, "relative_strength": -46.823468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.715579, "energy": 52.156654, "activity_lines": [ 11.01, 11.141818, 12.822714, 14.392645 ] }, { "date": "2023-12-08", "close": 11.76, "volume": 4345281, "typical_volume": 3037080.15, "trend": 15.975667, "fair_value": 27.865385, "relative_strength": -43.21481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.723009, "energy": 41.748294, "activity_lines": [ 11.240667, 11.208545, 12.53681, 14.10686 ] }, { "date": "2023-12-15", "close": 12.12, "volume": 10911408, "typical_volume": 3552197.25, "trend": 15.717333, "fair_value": 27.672756, "relative_strength": -42.430137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.196434, "energy": 36.888469, "activity_lines": [ 11.626, 11.360727, 12.32781, 13.858108 ] }, { "date": "2023-12-22", "close": 14.21, "volume": 6054978, "typical_volume": 3789777.45, "trend": 15.562333, "fair_value": 27.490833, "relative_strength": -32.185571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.59978, "energy": 21.469768, "activity_lines": [ 12.566667, 11.882909, 12.352238, 13.76086 ] }, { "date": "2023-12-29", "close": 13.48, "volume": 4140300, "typical_volume": 3918285.0, "trend": 15.348667, "fair_value": 27.301731, "relative_strength": -34.789802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.489815, "energy": 24.313328, "activity_lines": [ 13.016, 12.24, 12.327286, 13.626516 ] }, { "date": "2024-01-05", "close": 12.67, "volume": 2506521, "typical_volume": 3999431.4, "trend": 15.135667, "fair_value": 27.103397, "relative_strength": -35.667266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.627179, "energy": 20.305323, "activity_lines": [ 13.06, 12.404545, 12.255857, 13.453699 ] }, { "date": "2024-01-12", "close": 13.65, "volume": 4210902, "typical_volume": 4142895.0, "trend": 14.934667, "fair_value": 26.910897, "relative_strength": -31.909009, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.892156, "energy": 17.719345, "activity_lines": [ 13.327333, 12.712182, 12.304238, 13.357849 ] }, { "date": "2024-01-19", "close": 13.51, "volume": 1737875, "typical_volume": 4153386.3, "trend": 14.772, "fair_value": 26.715897, "relative_strength": -33.397143, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.848706, "energy": 14.874669, "activity_lines": [ 13.422, 12.969455, 12.367095, 13.265935 ] }, { "date": "2024-01-26", "close": 14.44, "volume": 1520268, "typical_volume": 4181225.45, "trend": 14.651333, "fair_value": 26.549423, "relative_strength": -28.162689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.041087, "energy": 18.145087, "activity_lines": [ 13.734, 13.332, 12.555524, 13.244516 ] }, { "date": "2024-02-02", "close": 14.11, "volume": 1623000, "typical_volume": 3796405.1, "trend": 14.527, "fair_value": 26.37141, "relative_strength": -29.477086, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.260688, "energy": 24.240687, "activity_lines": [ 13.920667, 13.562727, 12.731238, 13.209591 ] }, { "date": "2024-02-09", "close": 14.42, "volume": 2193743, "typical_volume": 3759220.5, "trend": 14.320333, "fair_value": 26.186987, "relative_strength": -28.120359, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.639339, "energy": 36.685973, "activity_lines": [ 14.168667, 13.801455, 12.931333, 13.202688 ] }, { "date": "2024-02-16", "close": 13.79, "volume": 2258636, "typical_volume": 3749078.2, "trend": 14.089667, "fair_value": 26.00609, "relative_strength": -29.018106, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.048682, "energy": 30.785394, "activity_lines": [ 14.09, 13.865636, 13.062286, 13.168473 ] }, { "date": "2024-02-23", "close": 13.65, "volume": 1415665, "typical_volume": 3701913.15, "trend": 13.9, "fair_value": 25.795449, "relative_strength": -29.56824, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.05982, "energy": 22.701667, "activity_lines": [ 13.955333, 13.867455, 13.175476, 13.140108 ] }, { "date": "2024-03-01", "close": 13.0, "volume": 2063142, "typical_volume": 3567113.25, "trend": 13.718667, "fair_value": 25.588205, "relative_strength": -33.117922, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.489273, "energy": 8.769878, "activity_lines": [ 13.594667, 13.723273, 13.216857, 13.082043 ] }, { "date": "2024-03-08", "close": 14.0, "volume": 2550129, "typical_volume": 3416610.25, "trend": 13.521333, "fair_value": 25.378205, "relative_strength": -25.923122, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 12.943214, "energy": 10.640974, "activity_lines": [ 13.663333, 13.782909, 13.350762, 13.100194 ] }, { "date": "2024-03-15", "close": 13.74, "volume": 2353483, "typical_volume": 3286704.8, "trend": 13.371667, "fair_value": 25.172372, "relative_strength": -25.652882, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 6.850782, "energy": 8.407839, "activity_lines": [ 13.652667, 13.785818, 13.445571, 13.114301 ] }, { "date": "2024-03-22", "close": 13.43, "volume": 1560893, "typical_volume": 3267627.55, "trend": 13.169667, "fair_value": 24.982564, "relative_strength": -28.79326, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 4.463174, "energy": 7.704881, "activity_lines": [ 13.584, 13.712909, 13.496571, 13.118065 ] }, { "date": "2024-03-29", "close": 14.52, "volume": 826370, "typical_volume": 3145639.4, "trend": 12.944333, "fair_value": 24.800449, "relative_strength": -21.897889, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 58.692543, "energy": 34.963299, "activity_lines": [ 13.902667, 13.842182, 13.645905, 13.205183 ] }, { "date": "2024-04-05", "close": 14.23, "volume": 1201918, "typical_volume": 3069566.3, "trend": 12.806333, "fair_value": 24.616859, "relative_strength": -22.03532, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.996542, "energy": 35.835331, "activity_lines": [ 14.066667, 13.900364, 13.746095, 13.288129 ] }, { "date": "2024-04-12", "close": 13.32, "volume": 1047599, "typical_volume": 2914222.95, "trend": 12.816, "fair_value": 24.419103, "relative_strength": -25.714396, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.488833, "energy": 24.864505, "activity_lines": [ 13.845333, 13.796909, 13.74181, 13.321269 ] }, { "date": "2024-04-19", "close": 13.1, "volume": 1714461, "typical_volume": 2811828.6, "trend": 12.836, "fair_value": 24.215962, "relative_strength": -21.608828, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.868012, "energy": 11.225665, "activity_lines": [ 13.596, 13.667818, 13.707667, 13.339591 ] }, { "date": "2024-04-26", "close": 12.99, "volume": 1701662, "typical_volume": 2679647.65, "trend": 12.840333, "fair_value": 24.014936, "relative_strength": -24.180192, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.613956, "energy": 9.24471, "activity_lines": [ 13.352667, 13.542727, 13.653619, 13.349527 ] }, { "date": "2024-05-03", "close": 13.6, "volume": 1871514, "typical_volume": 2227652.95, "trend": 12.908, "fair_value": 23.819038, "relative_strength": -20.420598, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.831748, "energy": 13.869069, "activity_lines": [ 13.342, 13.543091, 13.65181, 13.398538 ] }, { "date": "2024-05-10", "close": 14.64, "volume": 2369948, "typical_volume": 2043401.45, "trend": 12.981667, "fair_value": 23.640128, "relative_strength": -14.640271, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.821811, "energy": 16.719042, "activity_lines": [ 13.739333, 13.733455, 13.742, 13.51028 ] }, { "date": "2024-05-17", "close": 15.0, "volume": 1356559, "typical_volume": 1904214.4, "trend": 13.115333, "fair_value": 23.471538, "relative_strength": -13.291494, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.183317, "energy": 38.102158, "activity_lines": [ 14.229333, 13.959455, 13.864429, 13.640495 ] }, { "date": "2024-05-24", "close": 14.89, "volume": 1338826, "typical_volume": 1845829.65, "trend": 13.253667, "fair_value": 23.30609, "relative_strength": -14.143085, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.462884, "energy": 52.180788, "activity_lines": [ 14.570667, 14.147273, 13.969143, 13.754989 ] }, { "date": "2024-05-31", "close": 13.73, "volume": 1011280, "typical_volume": 1685848.55, "trend": 13.302, "fair_value": 23.1325, "relative_strength": -18.484007, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.47436, "energy": 41.546391, "activity_lines": [ 14.406, 14.103273, 13.95281, 13.78572 ] }, { "date": "2024-06-07", "close": 13.42, "volume": 1717579, "typical_volume": 1684833.75, "trend": 13.416, "fair_value": 22.947051, "relative_strength": -21.41622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.957822, "energy": 24.003138, "activity_lines": [ 14.088667, 13.997455, 13.906571, 13.793333 ] }, { "date": "2024-06-14", "close": 12.38, "volume": 1548164, "typical_volume": 1686228.55, "trend": 13.479, "fair_value": 22.76, "relative_strength": -28.923615, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.942085, "energy": 17.240791, "activity_lines": [ 13.436667, 13.722545, 13.761714, 13.726495 ] }, { "date": "2024-06-21", "close": 12.68, "volume": 1260123, "typical_volume": 1668084.7, "trend": 13.52, "fair_value": 22.57359, "relative_strength": -26.393871, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.475371, "energy": 30.368861, "activity_lines": [ 13.035333, 13.535818, 13.655238, 13.674946 ] }, { "date": "2024-06-28", "close": 13.26, "volume": 1035825, "typical_volume": 1610188.8, "trend": 13.591333, "fair_value": 22.399103, "relative_strength": -22.080283, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.21347, "energy": 33.956044, "activity_lines": [ 12.982, 13.466182, 13.61081, 13.658172 ] }, { "date": "2024-07-05", "close": 13.51, "volume": 715152, "typical_volume": 1533014.6, "trend": 13.649667, "fair_value": 22.227821, "relative_strength": -22.422912, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.579349, "energy": 34.781743, "activity_lines": [ 13.120667, 13.439091, 13.595714, 13.652925 ] }, { "date": "2024-07-12", "close": 15.77, "volume": 1495104, "typical_volume": 1536986.55, "trend": 13.771333, "fair_value": 22.086603, "relative_strength": -8.046528, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.244279, "energy": 28.357227, "activity_lines": [ 14.027333, 13.813455, 13.79719, 13.78972 ] }, { "date": "2024-07-19", "close": 15.46, "volume": 1721964, "typical_volume": 1519927.65, "trend": 13.813, "fair_value": 21.940769, "relative_strength": -4.927665, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.765639, "energy": 44.201321, "activity_lines": [ 14.674, 14.092, 13.959048, 13.898667 ] }, { "date": "2024-07-26", "close": 16.51, "volume": 1419780, "typical_volume": 1463410.2, "trend": 13.914, "fair_value": 21.791859, "relative_strength": 5.113415, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.611296, "energy": 70.014509, "activity_lines": [ 15.465333, 14.546545, 14.20919, 14.072667 ] }, { "date": "2024-08-02", "close": 15.24, "volume": 1371478, "typical_volume": 1414309.95, "trend": 13.999667, "fair_value": 21.629423, "relative_strength": 1.01542, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.479738, "energy": 66.859041, "activity_lines": [ 15.578, 14.742727, 14.326429, 14.158215 ] }, { "date": "2024-08-09", "close": 16.17, "volume": 3004013, "typical_volume": 1486465.95, "trend": 14.083667, "fair_value": 21.476859, "relative_strength": 7.949628, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.2461, "energy": 71.208613, "activity_lines": [ 15.868667, 15.101636, 14.525095, 14.298237 ] }, { "date": "2024-08-16", "close": 16.14, "volume": 884125, "typical_volume": 1489353.7, "trend": 14.171333, "fair_value": 21.316731, "relative_strength": 3.195898, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.639705, "energy": 65.072628, "activity_lines": [ 15.972, 15.410727, 14.707857, 14.430903 ] }, { "date": "2024-08-23", "close": 17.29, "volume": 1041726, "typical_volume": 1481344.1, "trend": 14.266333, "fair_value": 21.158974, "relative_strength": 10.559367, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.460074, "energy": 61.469261, "activity_lines": [ 16.434, 15.879455, 14.992429, 14.632108 ] }, { "date": "2024-08-30", "close": 17.44, "volume": 1321784, "typical_volume": 1495053.35, "trend": 14.377333, "fair_value": 20.997115, "relative_strength": 13.743273, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.176116, "energy": 70.513746, "activity_lines": [ 16.824, 16.286182, 15.276714, 14.83686 ] }, { "date": "2024-09-06", "close": 16.24, "volume": 944392, "typical_volume": 1456549.9, "trend": 14.438, "fair_value": 20.841026, "relative_strength": 13.338035, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.930069, "energy": 52.464604, "activity_lines": [ 16.752, 16.388182, 15.427095, 14.957032 ] }, { "date": "2024-09-13", "close": 16.76, "volume": 1249228, "typical_volume": 1433928.2, "trend": 14.537, "fair_value": 20.687821, "relative_strength": 10.417473, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.044454, "energy": 47.643962, "activity_lines": [ 16.786667, 16.530545, 15.612048, 15.106839 ] }, { "date": "2024-09-20", "close": 16.21, "volume": 1094255, "typical_volume": 1395065.25, "trend": 14.622333, "fair_value": 20.542308, "relative_strength": 5.318399, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.931052, "energy": 37.156066, "activity_lines": [ 16.598667, 16.513818, 15.726667, 15.214774 ] }, { "date": "2024-09-27", "close": 15.32, "volume": 883967, "typical_volume": 1320766.2, "trend": 14.699667, "fair_value": 20.388526, "relative_strength": -1.205942, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.737322, "energy": 20.413245, "activity_lines": [ 16.109333, 16.327273, 15.744095, 15.259785 ] }, { "date": "2024-10-04", "close": 15.29, "volume": 1156252, "typical_volume": 1310750.85, "trend": 14.742667, "fair_value": 20.251346, "relative_strength": -1.481059, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.151885, "energy": 18.257202, "activity_lines": [ 15.741333, 16.137818, 15.755429, 15.297871 ] }, { "date": "2024-10-11", "close": 15.58, "volume": 1048352, "typical_volume": 1296227.15, "trend": 14.804, "fair_value": 20.11891, "relative_strength": -0.680621, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.611019, "energy": 19.804954, "activity_lines": [ 15.613333, 16.023273, 15.793, 15.351892 ] }, { "date": "2024-10-18", "close": 16.05, "volume": 937490, "typical_volume": 1292537.65, "trend": 14.891333, "fair_value": 19.991218, "relative_strength": 2.008479, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.714695, "energy": 19.146294, "activity_lines": [ 15.686, 15.988, 15.872048, 15.43228 ] }, { "date": "2024-10-25", "close": 15.88, "volume": 898333, "typical_volume": 1251575.35, "trend": 14.936667, "fair_value": 19.862372, "relative_strength": 0.709493, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.782176, "energy": 14.621694, "activity_lines": [ 15.749333, 15.924, 15.923857, 15.496065 ] }, { "date": "2024-11-01", "close": 16.96, "volume": 1048424, "typical_volume": 1226588.35, "trend": 15.027667, "fair_value": 19.739872, "relative_strength": 9.222591, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.544845, "energy": 26.829217, "activity_lines": [ 16.194667, 16.061091, 16.06681, 15.626602 ] }, { "date": "2024-11-08", "close": 19.41, "volume": 2327645, "typical_volume": 1279964.45, "trend": 15.230667, "fair_value": 19.656154, "relative_strength": 17.714861, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 82.987419, "energy": 74.643501, "activity_lines": [ 17.347333, 16.649636, 16.421286, 15.909333 ] }, { "date": "2024-11-15", "close": 18.08, "volume": 2323214, "typical_volume": 1344333.9, "trend": 15.396667, "fair_value": 19.572885, "relative_strength": 12.915772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.927275, "energy": 71.552666, "activity_lines": [ 17.782, 16.960545, 16.617048, 16.093161 ] }, { "date": "2024-11-22", "close": 18.91, "volume": 1543599, "typical_volume": 1385756.25, "trend": 15.594, "fair_value": 19.493077, "relative_strength": 15.410404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.639977, "energy": 80.324371, "activity_lines": [ 18.326667, 17.388909, 16.868905, 16.319828 ] }, { "date": "2024-11-29", "close": 19.53, "volume": 1059364, "typical_volume": 1363969.25, "trend": 15.791667, "fair_value": 19.424423, "relative_strength": 17.600432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.371243, "energy": 83.269899, "activity_lines": [ 18.887333, 17.890909, 17.154095, 16.573763 ] }, { "date": "2024-12-06", "close": 18.62, "volume": 1029777, "typical_volume": 1329359.9, "trend": 15.924333, "fair_value": 19.351026, "relative_strength": 8.22527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.453892, "energy": 69.664136, "activity_lines": [ 18.901333, 18.167091, 17.334714, 16.756237 ] }, { "date": "2024-12-13", "close": 17.96, "volume": 859877, "typical_volume": 1301364.75, "trend": 16.023, "fair_value": 19.273654, "relative_strength": 3.364306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.299698, "energy": 51.534015, "activity_lines": [ 18.584667, 18.263273, 17.437429, 16.88757 ] }, { "date": "2024-12-20", "close": 17.43, "volume": 1356993, "typical_volume": 1300640.5, "trend": 16.107667, "fair_value": 19.183333, "relative_strength": 2.691746, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.033864, "energy": 34.268986, "activity_lines": [ 18.188, 18.214545, 17.482762, 16.978344 ] }, { "date": "2024-12-27", "close": 17.53, "volume": 525855, "typical_volume": 1176732.6, "trend": 16.234333, "fair_value": 19.09641, "relative_strength": 2.32063, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.233449, "energy": 21.033815, "activity_lines": [ 17.868, 18.150364, 17.52719, 17.070108 ] }, { "date": "2025-01-03", "close": 17.35, "volume": 567900, "typical_volume": 1160921.35, "trend": 16.365333, "fair_value": 19.00859, "relative_strength": 1.967492, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.842982, "energy": 21.801731, "activity_lines": [ 17.58, 18.026545, 17.548, 17.142086 ] }, { "date": "2025-01-10", "close": 17.0, "volume": 1391573, "typical_volume": 1178413.7, "trend": 16.519333, "fair_value": 18.906667, "relative_strength": 2.154688, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.73893, "energy": 18.8427, "activity_lines": [ 17.320667, 17.812364, 17.529714, 17.183032 ] }, { "date": "2025-01-17", "close": 18.13, "volume": 1088610, "typical_volume": 1166755.0, "trend": 16.701, "fair_value": 18.820256, "relative_strength": 5.752907, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.736761, "energy": 18.219754, "activity_lines": [ 17.546, 17.802909, 17.620429, 17.286946 ] }, { "date": "2025-01-24", "close": 18.35, "volume": 643173, "typical_volume": 1151694.05, "trend": 16.870667, "fair_value": 18.747179, "relative_strength": 5.418624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.364545, "energy": 17.978609, "activity_lines": [ 17.833333, 17.856727, 17.72881, 17.393333 ] }, { "date": "2025-01-31", "close": 18.33, "volume": 549957, "typical_volume": 1116730.5, "trend": 17.031333, "fair_value": 18.670705, "relative_strength": 6.658121, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.652975, "energy": 25.883818, "activity_lines": [ 18.052667, 17.902, 17.825238, 17.487484 ] }, { "date": "2025-02-07", "close": 18.2, "volume": 673242, "typical_volume": 1095679.85, "trend": 17.112333, "fair_value": 18.588333, "relative_strength": 5.674348, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.276163, "energy": 30.939334, "activity_lines": [ 18.175333, 17.934182, 17.90181, 17.562882 ] }, { "date": "2025-02-14", "close": 18.61, "volume": 549796, "typical_volume": 1078971.3, "trend": 17.217333, "fair_value": 18.506154, "relative_strength": 4.852154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.425254, "energy": 47.317882, "activity_lines": [ 18.378, 18.065091, 18.007952, 17.659505 ] }, { "date": "2025-02-21", "close": 17.95, "volume": 467200, "typical_volume": 1044518.7, "trend": 17.265333, "fair_value": 18.409038, "relative_strength": 3.292301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.14672, "energy": 37.226599, "activity_lines": [ 18.253333, 18.076182, 18.035571, 17.706774 ] }, { "date": "2025-02-28", "close": 17.38, "volume": 1404244, "typical_volume": 1062313.3, "trend": 17.336667, "fair_value": 18.290769, "relative_strength": 3.24531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.501323, "energy": 10.53639, "activity_lines": [ 17.950667, 17.983818, 17.996238, 17.714172 ] }, { "date": "2025-03-07", "close": 17.16, "volume": 1587955, "typical_volume": 1094836.55, "trend": 17.369667, "fair_value": 18.195192, "relative_strength": 5.161824, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.125357, "energy": 7.468626, "activity_lines": [ 17.639333, 17.852364, 17.927381, 17.702774 ] }, { "date": "2025-03-14", "close": 16.53, "volume": 969256, "typical_volume": 1098382.7, "trend": 17.382667, "fair_value": 18.090962, "relative_strength": 3.705922, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.058035, "energy": 20.797876, "activity_lines": [ 17.196, 17.613091, 17.793238, 17.648602 ] }, { "date": "2025-03-21", "close": 16.63, "volume": 1292588, "typical_volume": 1110590.9, "trend": 17.360667, "fair_value": 17.987372, "relative_strength": 3.815314, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.273414, "energy": 29.716493, "activity_lines": [ 16.897333, 17.406909, 17.665524, 17.600043 ] }, { "date": "2025-03-28", "close": 16.06, "volume": 893636, "typical_volume": 1038890.45, "trend": 17.314667, "fair_value": 17.878526, "relative_strength": 2.571802, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.214373, "energy": 50.893587, "activity_lines": [ 16.540667, 17.103818, 17.485095, 17.516129 ] }, { "date": "2025-04-04", "close": 14.58, "volume": 1286961, "typical_volume": 987077.8, "trend": 17.259333, "fair_value": 17.766026, "relative_strength": 3.194788, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.829135, "energy": 64.804807, "activity_lines": [ 15.816667, 16.569273, 17.179667, 17.339699 ] }, { "date": "2025-04-11", "close": 13.67, "volume": 1666774, "typical_volume": 993236.55, "trend": 17.156333, "fair_value": 17.64609, "relative_strength": -9.97666, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.834777, "energy": 81.309767, "activity_lines": [ 14.976, 15.937818, 16.804238, 17.108129 ] }, { "date": "2025-04-18", "close": 13.03, "volume": 873573, "typical_volume": 983947.0, "trend": 17.050333, "fair_value": 17.522564, "relative_strength": -12.077511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.137698, "energy": 87.518405, "activity_lines": [ 14.154667, 15.274727, 16.39281, 16.841914 ] }, { "date": "2025-04-25", "close": 14.19, "volume": 1278084, "typical_volume": 996362.35, "trend": 17.012667, "fair_value": 17.414808, "relative_strength": -10.00146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.389988, "energy": 80.9319, "activity_lines": [ 13.953333, 14.916545, 16.12281, 16.657376 ] }, { "date": "2025-05-02", "close": 13.79, "volume": 1341440, "typical_volume": 1020440.5, "trend": 16.962667, "fair_value": 17.320513, "relative_strength": -15.292753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.687631, "energy": 78.108691, "activity_lines": [ 13.781333, 14.566, 15.83581, 16.449462 ] }, { "date": "2025-05-09", "close": 12.11, "volume": 3561838, "typical_volume": 1130682.75, "trend": 16.847, "fair_value": 17.22391, "relative_strength": -25.113674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.973551, "energy": 77.093931, "activity_lines": [ 13.200667, 13.985636, 15.408667, 16.136387 ] }, { "date": "2025-05-16", "close": 12.14, "volume": 1952537, "typical_volume": 1202016.85, "trend": 16.716667, "fair_value": 17.129808, "relative_strength": -29.341049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.144184, "energy": 62.442772, "activity_lines": [ 12.794667, 13.506545, 15.009714, 15.83271 ] }, { "date": "2025-05-23", "close": 11.1, "volume": 2750864, "typical_volume": 1311165.05, "trend": 16.557333, "fair_value": 17.026026, "relative_strength": -33.413303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.684047, "energy": 73.607584, "activity_lines": [ 12.144, 12.929636, 14.537381, 15.470344 ] }, { "date": "2025-05-30", "close": 11.25, "volume": 1668450, "typical_volume": 1325008.9, "trend": 16.367, "fair_value": 16.922051, "relative_strength": -33.445659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.874225, "energy": 85.424707, "activity_lines": [ 11.672, 12.478727, 14.109095, 15.127935 ] }, { "date": "2025-06-06", "close": 10.97, "volume": 2728881, "typical_volume": 1407022.45, "trend": 16.085667, "fair_value": 16.823526, "relative_strength": -36.106676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.532433, "energy": 87.664219, "activity_lines": [ 11.302667, 12.074727, 13.681524, 14.779742 ] }, { "date": "2025-06-13", "close": 11.0, "volume": 2045725, "typical_volume": 1477150.05, "trend": 15.849667, "fair_value": 16.735321, "relative_strength": -35.37576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.185397, "energy": 86.047152, "activity_lines": [ 11.131333, 11.768727, 13.290905, 14.451634 ] }, { "date": "2025-06-20", "close": 10.335, "volume": 2511666, "typical_volume": 1575235.5, "trend": 15.563833, "fair_value": 16.644712, "relative_strength": -39.015273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.856684, "energy": 84.915138, "activity_lines": [ 10.812333, 11.406909, 12.871952, 14.095849 ] }, { "date": "2025-06-27", "close": 11.09, "volume": 2427350, "typical_volume": 1662940.9, "trend": 15.2825, "fair_value": 16.560096, "relative_strength": -36.882053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.069731, "energy": 63.521459, "activity_lines": [ 10.865333, 11.243, 12.562976, 13.807215 ] }, { "date": "2025-07-04", "close": 11.12, "volume": 1291267, "typical_volume": 1700014.45, "trend": 15.0325, "fair_value": 16.473878, "relative_strength": -37.35871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.075103, "energy": 60.944133, "activity_lines": [ 10.929, 11.119818, 12.290714, 13.538667 ] }, { "date": "2025-07-11", "close": 11.05, "volume": 1642713, "typical_volume": 1758790.1, "trend": 14.802167, "fair_value": 16.388237, "relative_strength": -37.066955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.991083, "energy": 57.804505, "activity_lines": [ 10.978, 11.039727, 12.047452, 13.281731 ] }, { "date": "2025-07-18", "close": 10.63, "volume": 1334362, "typical_volume": 1755296.0, "trend": 14.5755, "fair_value": 16.299519, "relative_strength": -39.716547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.453605, "energy": 56.551305, "activity_lines": [ 10.881667, 10.933091, 11.797048, 13.012559 ] }, { "date": "2025-07-25", "close": 11.27, "volume": 1255616, "typical_volume": 1738679.05, "trend": 14.366833, "fair_value": 16.20734, "relative_strength": -36.038806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.957486, "energy": 46.468977, "activity_lines": [ 11.023333, 10.969727, 11.639738, 12.799301 ] }, { "date": "2025-08-01", "close": 10.77, "volume": 1520031, "typical_volume": 1766217.8, "trend": 14.1475, "fair_value": 16.130417, "relative_strength": -36.924771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.019252, "energy": 45.361722, "activity_lines": [ 10.936, 10.931273, 11.462857, 12.567247 ] }, { "date": "2025-08-08", "close": 12.51, "volume": 2755856, "typical_volume": 1839381.2, "trend": 13.997833, "fair_value": 16.064263, "relative_strength": -28.733192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.79615, "energy": 31.539233, "activity_lines": [ 11.45, 11.215182, 11.479119, 12.461602 ] }, { "date": "2025-08-15", "close": 14.23, "volume": 3116421, "typical_volume": 1950520.45, "trend": 13.867833, "fair_value": 16.013686, "relative_strength": -18.840193, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 15.095654, "energy": 24.366847, "activity_lines": [ 12.444667, 11.788909, 11.67881, 12.476581 ] }, { "date": "2025-08-22", "close": 14.55, "volume": 2046562, "typical_volume": 1988500.5, "trend": 13.741167, "fair_value": 15.973237, "relative_strength": -15.660074, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 25.341831, "energy": 41.831795, "activity_lines": [ 13.334, 12.361545, 11.91769, 12.520591 ] }, { "date": "2025-08-29", "close": 14.98, "volume": 2807755, "typical_volume": 2045549.55, "trend": 13.6295, "fair_value": 15.944071, "relative_strength": -12.338336, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.360782, "energy": 69.248378, "activity_lines": [ 14.105333, 12.947818, 12.197667, 12.600516 ] }, { "date": "2025-09-05", "close": 14.55, "volume": 1357207, "typical_volume": 2069731.25, "trend": 13.507833, "fair_value": 15.899968, "relative_strength": -15.084106, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.683115, "energy": 71.856565, "activity_lines": [ 14.486, 13.371455, 12.430452, 12.659903 ] }, { "date": "2025-09-12", "close": 14.91, "volume": 2121529, "typical_volume": 2111903.5, "trend": 13.3845, "fair_value": 15.857083, "relative_strength": -13.997052, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.710337, "energy": 73.427803, "activity_lines": [ 14.734667, 13.797636, 12.690286, 12.750366 ] }, { "date": "2025-09-19", "close": 14.71, "volume": 1943852, "typical_volume": 2142024.1, "trend": 13.2765, "fair_value": 15.823301, "relative_strength": -16.444539, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.493824, "energy": 66.174916, "activity_lines": [ 14.756667, 14.118545, 12.927643, 12.835882 ] }, { "date": "2025-09-26", "close": 14.29, "volume": 1217964, "typical_volume": 2024830.4, "trend": 13.1735, "fair_value": 15.792404, "relative_strength": -18.053118, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.282939, "energy": 45.456446, "activity_lines": [ 14.606667, 14.296545, 13.120619, 12.901269 ] }, { "date": "2025-10-03", "close": 14.61, "volume": 1122875, "typical_volume": 1983347.3, "trend": 13.0885, "fair_value": 15.768494, "relative_strength": -16.819281, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.479934, "energy": 41.302794, "activity_lines": [ 14.580667, 14.466182, 13.33369, 12.993946 ] }, { "date": "2025-10-10", "close": 14.2, "volume": 1449450, "typical_volume": 1918276.6, "trend": 13.010833, "fair_value": 15.764455, "relative_strength": -16.856875, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 48.723311, "energy": 39.882339, "activity_lines": [ 14.442667, 14.500545, 13.495952, 13.065656 ] }, { "date": "2025-10-17", "close": 15.06, "volume": 1168249, "typical_volume": 1893266.55, "trend": 12.9585, "fair_value": 15.765673, "relative_strength": -13.486435, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.70494, "energy": 42.149561, "activity_lines": [ 14.614667, 14.628909, 13.725357, 13.19786 ] }, { "date": "2025-10-24", "close": 15.97, "volume": 1193138, "typical_volume": 1816479.4, "trend": 12.9555, "fair_value": 15.766442, "relative_strength": -9.834669, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.892704, "energy": 55.084625, "activity_lines": [ 15.08, 14.876364, 14.023286, 13.392151 ] }, { "date": "2025-10-31", "close": 15.44, "volume": 1056068, "typical_volume": 1766996.55, "trend": 12.984167, "fair_value": 15.769263, "relative_strength": -13.883587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.847102, "energy": 53.598821, "activity_lines": [ 15.284667, 14.995818, 14.246929, 13.552441 ] }, { "date": "2025-11-07", "close": 14.96, "volume": 1820574, "typical_volume": 1732441.95, "trend": 13.027167, "fair_value": 15.750417, "relative_strength": -13.129061, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.886987, "energy": 49.589757, "activity_lines": [ 15.252667, 15.011818, 14.403714, 13.679914 ] }, { "date": "2025-11-14", "close": 14.95, "volume": 1074690, "typical_volume": 1664808.95, "trend": 13.091167, "fair_value": 15.738942, "relative_strength": -12.342455, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.546799, "energy": 46.878882, "activity_lines": [ 15.194, 15.026364, 14.537524, 13.803968 ] }, { "date": "2025-11-21", "close": 15.26, "volume": 1484510, "typical_volume": 1674471.1, "trend": 13.126833, "fair_value": 15.726699, "relative_strength": -6.926382, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.343254, "energy": 40.632211, "activity_lines": [ 15.188667, 15.09, 14.682476, 13.943892 ] }, { "date": "2025-11-28", "close": 16.09, "volume": 865254, "typical_volume": 1635598.15, "trend": 13.2035, "fair_value": 15.701506, "relative_strength": -5.670019, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.737898, "energy": 45.089552, "activity_lines": [ 15.446667, 15.298182, 14.886762, 14.135065 ] }, { "date": "2025-12-05", "close": 15.9, "volume": 731743, "typical_volume": 1605467.2, "trend": 13.329833, "fair_value": 15.673045, "relative_strength": -7.054719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.418551, "energy": 44.932144, "activity_lines": [ 15.633333, 15.446727, 15.048952, 14.309032 ] }, { "date": "2025-12-12", "close": 15.49, "volume": 1034497, "typical_volume": 1594411.25, "trend": 13.4415, "fair_value": 15.641186, "relative_strength": -7.127316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.503929, "energy": 42.785312, "activity_lines": [ 15.652667, 15.491455, 15.147, 14.448398 ] }, { "date": "2025-12-19", "close": 15.46, "volume": 1158524, "typical_volume": 1576335.9, "trend": 13.586833, "fair_value": 15.616314, "relative_strength": -7.249542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.540221, "energy": 40.950374, "activity_lines": [ 15.626667, 15.514727, 15.222095, 14.578624 ] }, { "date": "2025-12-26", "close": 15.24, "volume": 707393, "typical_volume": 1473912.75, "trend": 13.719833, "fair_value": 15.582404, "relative_strength": -9.087308, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.265183, "energy": 32.093577, "activity_lines": [ 15.493333, 15.475091, 15.253905, 14.68528 ] }, { "date": "2026-01-02", "close": 14.84, "volume": 691329, "typical_volume": 1352658.15, "trend": 13.848833, "fair_value": 15.548301, "relative_strength": -9.306929, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.707651, "energy": 17.784742, "activity_lines": [ 15.228, 15.359455, 15.234619, 14.757548 ] }, { "date": "2026-01-09", "close": 15.78, "volume": 1154466, "typical_volume": 1308053.35, "trend": 14.008167, "fair_value": 15.525417, "relative_strength": -5.06261, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.8357, "energy": 20.290856, "activity_lines": [ 15.359333, 15.435273, 15.301952, 14.88214 ] }, { "date": "2026-01-16", "close": 14.05, "volume": 1138799, "typical_volume": 1224605.55, "trend": 14.132, "fair_value": 15.484199, "relative_strength": -13.96976, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.231139, "energy": 7.140291, "activity_lines": [ 14.922, 15.190364, 15.198667, 14.884839 ] }, { "date": "2026-01-23", "close": 13.33, "volume": 758712, "typical_volume": 1194680.8, "trend": 14.206667, "fair_value": 15.433622, "relative_strength": -17.762768, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -11.045157, "energy": 19.736637, "activity_lines": [ 14.340667, 14.831091, 15.031238, 14.833097 ] }, { "date": "2026-01-30", "close": 13.23, "volume": 1065330, "typical_volume": 1141870.85, "trend": 14.277, "fair_value": 15.374006, "relative_strength": -17.414124, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.209172, "energy": 43.716736, "activity_lines": [ 13.868, 14.483091, 14.860095, 14.770086 ] }, { "date": "2026-02-06", "close": 12.8, "volume": 1018149, "typical_volume": 1095585.7, "trend": 14.335333, "fair_value": 15.32016, "relative_strength": -17.636967, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.108988, "energy": 65.042745, "activity_lines": [ 13.386, 14.093818, 14.656, 14.674796 ] }, { "date": "2026-02-13", "close": 13.38, "volume": 1232969, "typical_volume": 1096335.95, "trend": 14.427, "fair_value": 15.266635, "relative_strength": -11.967369, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.007259, "energy": 61.909671, "activity_lines": [ 13.233333, 13.869818, 14.516238, 14.613161 ] }, { "date": "2026-02-20", "close": 13.87, "volume": 784069, "typical_volume": 1079395.65, "trend": 14.513667, "fair_value": 15.225096, "relative_strength": -8.978381, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.361302, "energy": 53.688295, "activity_lines": [ 13.404, 13.780727, 14.427476, 14.577226 ] }, { "date": "2026-02-27", "close": 13.53, "volume": 2352903, "typical_volume": 1124568.3, "trend": 14.605667, "fair_value": 15.181571, "relative_strength": -10.152558, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.454416, "energy": 44.30399, "activity_lines": [ 13.473333, 13.659273, 14.309857, 14.513763 ] }, { "date": "2026-03-06", "close": 12.62, "volume": 1750415, "typical_volume": 1153676.6, "trend": 14.609333, "fair_value": 15.149391, "relative_strength": -14.208736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.354218, "energy": 42.340123, "activity_lines": [ 13.226, 13.407455, 14.108762, 14.385656 ] }, { "date": "2026-03-13", "close": 11.7, "volume": 1366437, "typical_volume": 1162341.55, "trend": 14.525, "fair_value": 15.116506, "relative_strength": -18.703568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.986362, "energy": 51.096342, "activity_lines": [ 12.712667, 13.036, 13.831667, 14.197957 ] }, { "date": "2026-03-20", "close": 11.65, "volume": 1564270, "typical_volume": 1187751.65, "trend": 14.428333, "fair_value": 15.091058, "relative_strength": -16.452149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.386288, "energy": 68.986769, "activity_lines": [ 12.256, 12.712545, 13.570143, 14.012473 ] }, { "date": "2026-03-27", "close": 11.5, "volume": 1367522, "typical_volume": 1165099.05, "trend": 14.312333, "fair_value": 15.057404, "relative_strength": -13.813045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.171248, "energy": 78.097578, "activity_lines": [ 11.864667, 12.436909, 13.312381, 13.823548 ] }, { "date": "2026-04-03", "close": 11.53, "volume": 1023157, "typical_volume": 1162522.4, "trend": 14.211667, "fair_value": 15.020224, "relative_strength": -15.877329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.983256, "energy": 78.708415, "activity_lines": [ 11.641333, 12.213091, 13.073952, 13.644043 ] }, { "date": "2026-04-10", "close": 12.38, "volume": 1083591, "typical_volume": 1142476.45, "trend": 14.127333, "fair_value": 14.982596, "relative_strength": -12.818888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.677555, "energy": 64.400911, "activity_lines": [ 11.834667, 12.176545, 12.932762, 13.525871 ] }, { "date": "2026-04-17", "close": 12.71, "volume": 1351527, "typical_volume": 1166790.1, "trend": 14.060667, "fair_value": 14.936314, "relative_strength": -15.010756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.180385, "energy": 44.598694, "activity_lines": [ 12.154, 12.215455, 12.836714, 13.43443 ] }, { "date": "2026-04-24", "close": 12.35, "volume": 951275, "typical_volume": 1177766.7, "trend": 13.996, "fair_value": 14.894776, "relative_strength": -18.412476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.928, "energy": 32.355622, "activity_lines": [ 12.286, 12.190545, 12.722476, 13.324065 ] }, { "date": "2026-05-01", "close": 11.91, "volume": 1113446, "typical_volume": 1181714.15, "trend": 13.906, "fair_value": 14.85266, "relative_strength": -21.815726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.098759, "energy": 29.044744, "activity_lines": [ 12.224667, 12.104364, 12.583238, 13.189484 ] }, { "date": "2026-05-08", "close": 11.65, "volume": 2569303, "typical_volume": 1252253.1, "trend": 13.821, "fair_value": 14.810801, "relative_strength": -26.979659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.035385, "energy": 33.480848, "activity_lines": [ 12.049333, 12.006545, 12.436286, 13.043935 ] }, { "date": "2026-05-15", "close": 12.01, "volume": 1434991, "typical_volume": 1288633.0, "trend": 13.719333, "fair_value": 14.760417, "relative_strength": -24.060832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.695768, "energy": 36.301949, "activity_lines": [ 11.986, 12.008364, 12.341762, 12.927097 ] }, { "date": "2026-05-22", "close": 10.75, "volume": 3208810, "typical_volume": 1414507.05, "trend": 13.545333, "fair_value": 14.708429, "relative_strength": -32.441823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.700641, "energy": 47.115463, "activity_lines": [ 11.527333, 11.792182, 12.142619, 12.735527 ] }, { "date": "2026-05-29", "close": 9.27, "volume": 2618359, "typical_volume": 1487701.7, "trend": 13.339667, "fair_value": 14.640353, "relative_strength": -42.926591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.253209, "energy": 77.665641, "activity_lines": [ 10.706, 11.324182, 11.822, 12.459699 ] }, { "date": "2026-06-05", "close": 10.29, "volume": 2542468, "typical_volume": 1557885.15, "trend": 13.184, "fair_value": 14.584135, "relative_strength": -33.298453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.368847, "energy": 74.86163, "activity_lines": [ 10.43, 11.084909, 11.629524, 12.262946 ] }, { "date": "2026-06-12", "close": 9.31, "volume": 1912759, "typical_volume": 1615587.5, "trend": 12.996, "fair_value": 14.51766, "relative_strength": -40.592946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.257253, "energy": 84.210552, "activity_lines": [ 9.935333, 10.689455, 11.361619, 12.013011 ] }, { "date": "2026-06-19", "close": 9.45, "volume": 1382024, "typical_volume": 1631422.2, "trend": 12.802333, "fair_value": 14.460353, "relative_strength": -40.90686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.239747, "energy": 81.878001, "activity_lines": [ 9.643333, 10.359818, 11.12619, 11.784237 ] }, { "date": "2026-06-26", "close": 9.78, "volume": 2363758, "typical_volume": 1698702.65, "trend": 12.592, "fair_value": 14.407276, "relative_strength": -35.591664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.603725, "energy": 62.069771, "activity_lines": [ 9.632, 10.143455, 10.94019, 11.589247 ] }, { "date": "2026-07-03", "close": 9.94, "volume": 1786308, "typical_volume": 1726369.6, "trend": 12.393333, "fair_value": 14.356635, "relative_strength": -34.739286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.794755, "energy": 51.268077, "activity_lines": [ 9.738667, 10.009455, 10.78381, 11.418151 ] }, { "date": "2026-07-10", "close": 11.63, "volume": 2401943, "typical_volume": 1807263.3, "trend": 12.264667, "fair_value": 14.299006, "relative_strength": -24.732704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.490224, "energy": 28.157176, "activity_lines": [ 10.364, 10.226545, 10.804762, 11.368903 ] }, { "date": "2026-07-17", "close": 11.58, "volume": 1364421, "typical_volume": 1757839.2, "trend": 12.135333, "fair_value": 14.240481, "relative_strength": -21.636787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.20492, "energy": 18.394714, "activity_lines": [ 10.883333, 10.439636, 10.831619, 11.324731 ] }, { "date": "2026-07-24", "close": 11.25, "volume": 1499574, "typical_volume": 1745297.15, "trend": 12.002333, "fair_value": 14.188622, "relative_strength": -22.386983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.108342, "energy": 21.378605, "activity_lines": [ 11.141333, 10.594, 10.836333, 11.267613 ] }, { "date": "2026-07-31", "close": 11.8, "volume": 1436174, "typical_volume": 1748784.0, "trend": 11.901, "fair_value": 14.146058, "relative_strength": -18.863291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.560755, "energy": 20.300386, "activity_lines": [ 11.462667, 10.862182, 10.899952, 11.254559 ] }, { "date": "2026-08-07", "close": 10.28, "volume": 3266242, "typical_volume": 1833882.6, "trend": 11.717667, "fair_value": 14.084263, "relative_strength": -32.269902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.243935, "energy": 15.697021, "activity_lines": [ 11.142667, 10.834909, 10.818333, 11.149978 ] } ], "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." } } }