{
  "ticker": {
    "uuid": "f1a4e2ab-f5aa-4e2a-a584-fe2de4dd522d",
    "symbol": "SYNCOMF",
    "name": "Syncom Formulations (India) Limited",
    "exchange": "NSI",
    "country": "IN",
    "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": "^NSEI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 70.614,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -13.484,
    "architecture_energy": 21.996,
    "architecture_maturity": 35.478,
    "architecture_confidence": 47.965,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 54.11,
        "rotation_up": 17.51,
        "upward_expansion": 17.34,
        "deceleration": 59.26,
        "rotation_down": 56.2,
        "downward_expansion": 40.01
      },
      "activity_lines": [
        13.341333,
        13.607818,
        13.827571,
        13.607957
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 13.45,
    "trend_reference": 13.351,
    "distance_from_trend": 0.007415,
    "trend_direction": "Weakening",
    "fair_value": 15.351282,
    "distance_from_fair_value": -0.123852,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.686801,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.014652,
    "excess_performance": 0.029057,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.007415,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.030264,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.123852,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.113478,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.066868,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023366,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.014652,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.755639,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7629990,
      "relative_activity": 0.952064,
      "balance": 1.755639,
      "dry_up": 0.725346,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.065485,
      "annualized_volatility": 0.386726,
      "from_high_reference": -0.284574,
      "from_low_reference": 0.317336
    },
    "levels": {
      "trend_reference": 13.351,
      "fair_value_reference": 15.351282,
      "structural_low": 10.21,
      "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": 8,
        "median_return": -0.035362,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.032223,
        "regime_survival": 0.625,
        "best_return": 0.049639,
        "worst_return": -0.169881,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.090997,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.092909,
        "regime_survival": 0.333333,
        "best_return": -0.064963,
        "worst_return": -0.128328,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.230509,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.22488,
        "regime_survival": 0.0,
        "best_return": -0.150048,
        "worst_return": -0.310969,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.207648,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.242081,
        "regime_survival": 0.0,
        "best_return": -0.207648,
        "worst_return": -0.207648,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-12",
        "end": "2024-07-19",
        "tenure": "New",
        "return": 0.050824,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-26",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": 0.25214,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": 0.047504,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-18",
        "end": "2025-01-24",
        "tenure": "Established",
        "return": -0.137464,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-21",
        "tenure": "New",
        "return": -0.068493,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-28",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.140156,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.131148,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.093539,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-18",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": -0.077742,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-29",
        "end": "2025-09-12",
        "tenure": "New",
        "return": 0.072923,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-19",
        "end": "2025-10-03",
        "tenure": "New",
        "return": -0.056951,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-10",
        "end": "2026-05-01",
        "tenure": "Extended",
        "return": -0.191289,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-08",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.05317,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.055478,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 8.2,
        "volume": 15326155,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 8.75,
        "volume": 14721643,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 8.6,
        "volume": 7064362,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 8.8,
        "volume": 9841991,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 8.65,
        "volume": 9745173,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 8.6,
        "volume": 4569282,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 8.4,
        "volume": 6206750,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-06",
        "close": 9.4,
        "volume": 32083511,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 8.95,
        "volume": 19459215,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 8.8,
        "volume": 12989445,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 8.35,
        "volume": 15548064,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 8.85,
        "volume": 10679142,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 10.1,
        "volume": 47378750,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 9.95,
        "volume": 27963383,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 12.45,
        "volume": 100233619,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 11.75,
        "volume": 24140327,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 11.55,
        "volume": 22030987,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 12.0,
        "volume": 23613168,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 11.8,
        "volume": 30310592,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 15.05,
        "volume": 154835682,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 15.65,
        "volume": 37480964,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 16.35,
        "volume": 80149346,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 15.75,
        "volume": 22128186,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 15.25,
        "volume": 12141355,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 15.85,
        "volume": 28381539,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 15.8,
        "volume": 10171123,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 15.3,
        "volume": 8123620,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 15.1,
        "volume": 12503247,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 14.25,
        "volume": 7379348,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 13.5,
        "volume": 5313588,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 12.3,
        "volume": 7682995,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 11.9,
        "volume": 4983074,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 11.15,
        "volume": 5086499,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 13.6,
        "volume": 5345652,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 12.9,
        "volume": 5414330,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 12.55,
        "volume": 4256074,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 13.8,
        "volume": 10639647,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 13.95,
        "volume": 9295706,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 13.05,
        "volume": 7700741,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 13.4,
        "volume": 9088815,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 12.9,
        "volume": 10459586,
        "typical_volume": 13312223.55,
        "trend": 13.26,
        "fair_value": 9.76,
        "relative_strength": 5.408645,
        "stage": 2,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -7.969031,
        "energy": 6.57262,
        "activity_lines": [
          13.263333,
          13.16,
          13.370476,
          13.551398
        ]
      },
      {
        "date": "2024-05-31",
        "close": 11.95,
        "volume": 12800294,
        "typical_volume": 9944770.95,
        "trend": 13.363333,
        "fair_value": 9.787037,
        "relative_strength": -1.098974,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -32.431256,
        "energy": 27.197572,
        "activity_lines": [
          12.773333,
          12.983636,
          13.181667,
          13.466882
        ]
      },
      {
        "date": "2024-06-07",
        "close": 12.0,
        "volume": 15609939,
        "typical_volume": 9618858.6,
        "trend": 13.426667,
        "fair_value": 9.814024,
        "relative_strength": -4.323708,
        "stage": 3,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -58.849449,
        "energy": 49.765353,
        "activity_lines": [
          12.423333,
          12.815455,
          13.018571,
          13.378925
        ]
      },
      {
        "date": "2024-06-14",
        "close": 12.57,
        "volume": 13149724,
        "typical_volume": 9669277.05,
        "trend": 13.514,
        "fair_value": 9.847229,
        "relative_strength": -0.929574,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.390785,
        "energy": 52.834741,
        "activity_lines": [
          12.393333,
          12.735455,
          12.927619,
          13.323656
        ]
      },
      {
        "date": "2024-06-21",
        "close": 12.67,
        "volume": 13255008,
        "typical_volume": 8912950.5,
        "trend": 13.521333,
        "fair_value": 9.880833,
        "relative_strength": -0.758025,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.595569,
        "energy": 50.903751,
        "activity_lines": [
          12.428667,
          12.692364,
          12.858952,
          13.269204
        ]
      },
      {
        "date": "2024-06-28",
        "close": 12.48,
        "volume": 21070057,
        "typical_volume": 9457897.2,
        "trend": 13.545667,
        "fair_value": 9.911412,
        "relative_strength": -4.746515,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.3152,
        "energy": 36.548629,
        "activity_lines": [
          12.449333,
          12.618909,
          12.787333,
          13.202022
        ]
      },
      {
        "date": "2024-07-05",
        "close": 12.84,
        "volume": 16502081,
        "typical_volume": 9876820.25,
        "trend": 13.588667,
        "fair_value": 9.945465,
        "relative_strength": -3.718116,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.842668,
        "energy": 20.791501,
        "activity_lines": [
          12.618,
          12.612182,
          12.76581,
          13.156495
        ]
      },
      {
        "date": "2024-07-12",
        "close": 14.56,
        "volume": 39052153,
        "typical_volume": 11204265.55,
        "trend": 13.674,
        "fair_value": 9.998506,
        "relative_strength": 7.589125,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 7.764413,
        "energy": 12.404303,
        "activity_lines": [
          13.300667,
          12.935636,
          12.91981,
          13.219161
        ]
      },
      {
        "date": "2024-07-19",
        "close": 15.3,
        "volume": 73483198,
        "typical_volume": 14509458.05,
        "trend": 13.790667,
        "fair_value": 10.05875,
        "relative_strength": 11.964214,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.009867,
        "energy": 35.095888,
        "activity_lines": [
          14.059333,
          13.382545,
          13.146857,
          13.324065
        ]
      },
      {
        "date": "2024-07-26",
        "close": 15.19,
        "volume": 28303119,
        "typical_volume": 15658934.6,
        "trend": 13.795333,
        "fair_value": 10.116404,
        "relative_strength": 9.038823,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 33.629707,
        "energy": 52.925987,
        "activity_lines": [
          14.599333,
          13.768545,
          13.358429,
          13.414344
        ]
      },
      {
        "date": "2024-08-02",
        "close": 15.74,
        "volume": 28711927,
        "typical_volume": 16710381.2,
        "trend": 13.798333,
        "fair_value": 10.178889,
        "relative_strength": 12.89215,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.147698,
        "energy": 66.605861,
        "activity_lines": [
          15.154667,
          14.222,
          13.614333,
          13.539806
        ]
      },
      {
        "date": "2024-08-09",
        "close": 15.48,
        "volume": 31604727,
        "typical_volume": 18041463.85,
        "trend": 13.769333,
        "fair_value": 10.237143,
        "relative_strength": 11.99561,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.441617,
        "energy": 64.667042,
        "activity_lines": [
          15.406,
          14.576545,
          13.829095,
          13.648301
        ]
      },
      {
        "date": "2024-08-16",
        "close": 15.52,
        "volume": 27980424,
        "typical_volume": 19186160.1,
        "trend": 13.761667,
        "fair_value": 10.294565,
        "relative_strength": 10.710678,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.710124,
        "energy": 57.951327,
        "activity_lines": [
          15.494667,
          14.874182,
          14.030619,
          13.761247
        ]
      },
      {
        "date": "2024-08-23",
        "close": 19.02,
        "volume": 132238480,
        "typical_volume": 25530801.5,
        "trend": 13.887333,
        "fair_value": 10.388387,
        "relative_strength": 32.741802,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 90.381151,
        "energy": 81.596563,
        "activity_lines": [
          16.686,
          15.744182,
          14.544667,
          14.100495
        ]
      },
      {
        "date": "2024-08-30",
        "close": 20.629999,
        "volume": 149560196,
        "typical_volume": 32738094.8,
        "trend": 14.046667,
        "fair_value": 10.49734,
        "relative_strength": 39.875738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.086419,
        "energy": 88.37571,
        "activity_lines": [
          18.166,
          16.789636,
          15.186238,
          14.535505
        ]
      },
      {
        "date": "2024-09-06",
        "close": 23.129999,
        "volume": 98024330,
        "typical_volume": 37426507.6,
        "trend": 14.291,
        "fair_value": 10.630316,
        "relative_strength": 56.737718,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.307899,
        "energy": 95.594735,
        "activity_lines": [
          20.116666,
          18.144909,
          16.029095,
          15.121527
        ]
      },
      {
        "date": "2024-09-13",
        "close": 25.6,
        "volume": 161282509,
        "typical_volume": 44958650.7,
        "trend": 14.634333,
        "fair_value": 10.78625,
        "relative_strength": 66.883564,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.524283,
        "energy": 96.427167,
        "activity_lines": [
          22.398,
          19.755636,
          17.056809,
          15.85114
        ]
      },
      {
        "date": "2024-09-20",
        "close": 22.709999,
        "volume": 56046746,
        "typical_volume": 47296202.7,
        "trend": 14.888,
        "fair_value": 10.909175,
        "relative_strength": 43.527095,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.673269,
        "energy": 86.212949,
        "activity_lines": [
          23.041333,
          20.608909,
          17.753095,
          16.37215
        ]
      },
      {
        "date": "2024-09-27",
        "close": 21.969999,
        "volume": 31691914,
        "typical_volume": 48495761.35,
        "trend": 15.145333,
        "fair_value": 11.022041,
        "relative_strength": 35.050444,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.751319,
        "energy": 72.288966,
        "activity_lines": [
          22.958666,
          21.179454,
          18.33719,
          16.829054
        ]
      },
      {
        "date": "2024-10-04",
        "close": 20.860001,
        "volume": 22735813,
        "typical_volume": 49178111.25,
        "trend": 15.390667,
        "fair_value": 11.121414,
        "relative_strength": 32.734998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.359879,
        "energy": 56.22251,
        "activity_lines": [
          22.309333,
          21.426909,
          18.773095,
          17.197742
        ]
      },
      {
        "date": "2024-10-11",
        "close": 21.610001,
        "volume": 32617969,
        "typical_volume": 50286030.4,
        "trend": 15.701,
        "fair_value": 11.2263,
        "relative_strength": 36.066639,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.748547,
        "energy": 43.818713,
        "activity_lines": [
          21.894667,
          21.707636,
          19.244905,
          17.598989
        ]
      },
      {
        "date": "2024-10-18",
        "close": 20.66,
        "volume": 15159177,
        "typical_volume": 50403974.55,
        "trend": 15.993,
        "fair_value": 11.319703,
        "relative_strength": 29.174249,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.896024,
        "energy": 32.36726,
        "activity_lines": [
          21.264667,
          21.708909,
          19.584762,
          17.918925
        ]
      },
      {
        "date": "2024-10-25",
        "close": 18.290001,
        "volume": 19407484,
        "typical_volume": 50593851.8,
        "trend": 16.231,
        "fair_value": 11.388039,
        "relative_strength": 16.433558,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.597305,
        "energy": 21.70679,
        "activity_lines": [
          20.174001,
          21.185091,
          19.657429,
          18.067118
        ]
      },
      {
        "date": "2024-11-01",
        "close": 20.83,
        "volume": 18401446,
        "typical_volume": 50856437.9,
        "trend": 16.472,
        "fair_value": 11.479709,
        "relative_strength": 30.397171,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.302479,
        "energy": 19.529995,
        "activity_lines": [
          20.224667,
          21.072727,
          19.942048,
          18.363828
        ]
      },
      {
        "date": "2024-11-08",
        "close": 20.49,
        "volume": 14944350,
        "typical_volume": 50940905.0,
        "trend": 16.725,
        "fair_value": 11.566346,
        "relative_strength": 27.868889,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.384804,
        "energy": 18.676775,
        "activity_lines": [
          20.238,
          20.865637,
          20.154952,
          18.623054
        ]
      },
      {
        "date": "2024-11-15",
        "close": 20.75,
        "volume": 15708883,
        "typical_volume": 50672846.3,
        "trend": 16.998333,
        "fair_value": 11.65381,
        "relative_strength": 31.440361,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.275485,
        "energy": 16.909301,
        "activity_lines": [
          20.362667,
          20.708364,
          20.355381,
          18.882731
        ]
      },
      {
        "date": "2024-11-22",
        "close": 19.5,
        "volume": 9968223,
        "typical_volume": 50346153.4,
        "trend": 17.188333,
        "fair_value": 11.72783,
        "relative_strength": 20.939799,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.381693,
        "energy": 14.145748,
        "activity_lines": [
          20.128,
          20.367091,
          20.397381,
          19.044129
        ]
      },
      {
        "date": "2024-11-29",
        "close": 20.110001,
        "volume": 9014460,
        "typical_volume": 48844268.75,
        "trend": 17.393667,
        "fair_value": 11.806168,
        "relative_strength": 22.67885,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.248664,
        "energy": 12.938194,
        "activity_lines": [
          20.174,
          20.247637,
          20.465762,
          19.232624
        ]
      },
      {
        "date": "2024-12-06",
        "close": 22.370001,
        "volume": 23130395,
        "typical_volume": 46326628.6,
        "trend": 17.704333,
        "fair_value": 11.903981,
        "relative_strength": 32.112276,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.500501,
        "energy": 26.200721,
        "activity_lines": [
          20.852001,
          20.586364,
          20.722953,
          19.553678
        ]
      },
      {
        "date": "2024-12-13",
        "close": 21.780001,
        "volume": 19495807,
        "typical_volume": 45886263.0,
        "trend": 17.983667,
        "fair_value": 11.994587,
        "relative_strength": 27.018392,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 44.616192,
        "energy": 29.027342,
        "activity_lines": [
          21.230667,
          20.810546,
          20.890286,
          19.816624
        ]
      },
      {
        "date": "2024-12-20",
        "close": 20.41,
        "volume": 13306210,
        "typical_volume": 45115977.15,
        "trend": 18.234,
        "fair_value": 12.071091,
        "relative_strength": 23.911433,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 39.027284,
        "energy": 28.689103,
        "activity_lines": [
          21.066667,
          20.76891,
          20.895762,
          19.973161
        ]
      },
      {
        "date": "2024-12-27",
        "close": 19.860001,
        "volume": 9022241,
        "typical_volume": 43986852.85,
        "trend": 18.497667,
        "fair_value": 12.141261,
        "relative_strength": 18.965169,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.436304,
        "energy": 21.349836,
        "activity_lines": [
          20.742001,
          20.649091,
          20.826619,
          20.078065
        ]
      },
      {
        "date": "2025-01-03",
        "close": 20.719999,
        "volume": 10436132,
        "typical_volume": 43109638.25,
        "trend": 18.788333,
        "fair_value": 12.217857,
        "relative_strength": 22.648499,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.978733,
        "energy": 12.672949,
        "activity_lines": [
          20.68,
          20.700182,
          20.818524,
          20.221441
        ]
      },
      {
        "date": "2025-01-10",
        "close": 18.08,
        "volume": 14048666,
        "typical_volume": 37200147.55,
        "trend": 18.972,
        "fair_value": 12.269735,
        "relative_strength": 9.56535,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.729799,
        "energy": 13.06403,
        "activity_lines": [
          19.697333,
          20.227091,
          20.534238,
          20.175742
        ]
      },
      {
        "date": "2025-01-17",
        "close": 18.780001,
        "volume": 13235836,
        "typical_volume": 30383929.55,
        "trend": 19.175667,
        "fair_value": 12.326842,
        "relative_strength": 14.673635,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -0.43154,
        "energy": 17.082261,
        "activity_lines": [
          19.234,
          19.931273,
          20.321096,
          20.163355
        ]
      },
      {
        "date": "2025-01-24",
        "close": 17.82,
        "volume": 7478394,
        "typical_volume": 25856632.75,
        "trend": 19.353667,
        "fair_value": 12.374609,
        "relative_strength": 9.16376,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -38.469692,
        "energy": 46.707576,
        "activity_lines": [
          18.650667,
          19.492,
          20.025334,
          20.075893
        ]
      },
      {
        "date": "2025-01-31",
        "close": 18.25,
        "volume": 9621853,
        "typical_volume": 18273599.95,
        "trend": 19.534,
        "fair_value": 12.425259,
        "relative_strength": 9.666309,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.175666,
        "energy": 52.66149,
        "activity_lines": [
          18.383333,
          19.184182,
          19.79581,
          20.004688
        ]
      },
      {
        "date": "2025-02-07",
        "close": 18.450001,
        "volume": 9075730,
        "typical_volume": 15925049.15,
        "trend": 19.663667,
        "fair_value": 12.476752,
        "relative_strength": 10.452259,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.21361,
        "energy": 47.293487,
        "activity_lines": [
          18.29,
          18.935455,
          19.620334,
          19.934753
        ]
      },
      {
        "date": "2025-02-14",
        "close": 17.59,
        "volume": 16193590,
        "typical_volume": 15150132.95,
        "trend": 19.74,
        "fair_value": 12.520085,
        "relative_strength": 7.986586,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.158821,
        "energy": 49.202075,
        "activity_lines": [
          18.061334,
          18.560546,
          19.383238,
          19.800968
        ]
      },
      {
        "date": "2025-02-21",
        "close": 17.0,
        "volume": 8996219,
        "typical_volume": 14463153.25,
        "trend": 19.800333,
        "fair_value": 12.557731,
        "relative_strength": 4.787932,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -68.126702,
        "energy": 58.544084,
        "activity_lines": [
          17.668667,
          18.165273,
          19.11081,
          19.624194
        ]
      },
      {
        "date": "2025-02-28",
        "close": 15.34,
        "volume": 6673388,
        "typical_volume": 13165924.2,
        "trend": 19.787,
        "fair_value": 12.580917,
        "relative_strength": -2.721474,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.004176,
        "energy": 70.424854,
        "activity_lines": [
          16.841333,
          17.555091,
          18.698667,
          19.33643
        ]
      },
      {
        "date": "2025-03-07",
        "close": 17.110001,
        "volume": 13431001,
        "typical_volume": 13079515.4,
        "trend": 19.841334,
        "fair_value": 12.618347,
        "relative_strength": 5.991487,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.627875,
        "energy": 61.011255,
        "activity_lines": [
          16.769334,
          17.358909,
          18.484953,
          19.163721
        ]
      },
      {
        "date": "2025-03-14",
        "close": 15.58,
        "volume": 8182790,
        "typical_volume": 12518280.7,
        "trend": 19.843334,
        "fair_value": 12.642623,
        "relative_strength": -3.173919,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.288512,
        "energy": 69.284496,
        "activity_lines": [
          16.263334,
          16.934546,
          18.142429,
          18.888796
        ]
      },
      {
        "date": "2025-03-21",
        "close": 16.950001,
        "volume": 8908797,
        "typical_volume": 12043648.25,
        "trend": 19.774334,
        "fair_value": 12.677642,
        "relative_strength": 0.535952,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.206626,
        "energy": 53.346133,
        "activity_lines": [
          16.405334,
          16.852728,
          17.943286,
          18.702129
        ]
      },
      {
        "date": "2025-03-28",
        "close": 16.459999,
        "volume": 16216724,
        "typical_volume": 12107266.95,
        "trend": 19.635334,
        "fair_value": 12.708145,
        "relative_strength": -3.586465,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.841873,
        "energy": 39.507894,
        "activity_lines": [
          16.426667,
          16.702364,
          17.715953,
          18.488301
        ]
      },
      {
        "date": "2025-04-04",
        "close": 17.139999,
        "volume": 9657934,
        "typical_volume": 11804719.5,
        "trend": 19.435667,
        "fair_value": 12.7436,
        "relative_strength": 2.699402,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.000284,
        "energy": 33.881115,
        "activity_lines": [
          16.710666,
          16.717818,
          17.572572,
          18.327312
        ]
      },
      {
        "date": "2025-04-11",
        "close": 16.76,
        "volume": 8306576,
        "typical_volume": 11721637.15,
        "trend": 19.141,
        "fair_value": 12.775476,
        "relative_strength": 0.329219,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.744069,
        "energy": 24.44848,
        "activity_lines": [
          16.748,
          16.676545,
          17.410191,
          18.154688
        ]
      },
      {
        "date": "2025-04-18",
        "close": 17.559999,
        "volume": 5091616,
        "typical_volume": 11525494.95,
        "trend": 18.969334,
        "fair_value": 12.81315,
        "relative_strength": 0.162922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.851647,
        "energy": 20.476234,
        "activity_lines": [
          17.075333,
          16.807818,
          17.337048,
          18.052688
        ]
      },
      {
        "date": "2025-04-25",
        "close": 17.040001,
        "volume": 11107136,
        "typical_volume": 10924332.0,
        "trend": 18.805,
        "fair_value": 12.846172,
        "relative_strength": -3.796954,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.667755,
        "energy": 17.090303,
        "activity_lines": [
          17.097333,
          16.860727,
          17.226524,
          17.928215
        ]
      },
      {
        "date": "2025-05-02",
        "close": 16.309999,
        "volume": 7260982,
        "typical_volume": 10312590.75,
        "trend": 18.653334,
        "fair_value": 12.873023,
        "relative_strength": -9.197462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.45753,
        "energy": 22.429593,
        "activity_lines": [
          16.87,
          16.790909,
          17.071857,
          17.767247
        ]
      },
      {
        "date": "2025-05-09",
        "close": 15.1,
        "volume": 13787031,
        "typical_volume": 10336631.8,
        "trend": 18.436333,
        "fair_value": 12.890154,
        "relative_strength": -14.830614,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.476113,
        "energy": 34.925169,
        "activity_lines": [
          16.249333,
          16.513636,
          16.828,
          17.538
        ]
      },
      {
        "date": "2025-05-16",
        "close": 17.49,
        "volume": 11171258,
        "typical_volume": 10444082.65,
        "trend": 18.330667,
        "fair_value": 12.925267,
        "relative_strength": -5.591783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.131983,
        "energy": 26.507911,
        "activity_lines": [
          16.561333,
          16.675273,
          16.837048,
          17.476946
        ]
      },
      {
        "date": "2025-05-23",
        "close": 19.52,
        "volume": 43589143,
        "typical_volume": 12101733.2,
        "trend": 18.371667,
        "fair_value": 12.975227,
        "relative_strength": 5.460201,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.730638,
        "energy": 3.372561,
        "activity_lines": [
          17.501333,
          17.199091,
          17.050714,
          17.553677
        ]
      },
      {
        "date": "2025-05-30",
        "close": 22.08,
        "volume": 51177210,
        "typical_volume": 13958160.4,
        "trend": 18.413333,
        "fair_value": 13.043684,
        "relative_strength": 18.676396,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 37.560439,
        "energy": 39.98041,
        "activity_lines": [
          19.164,
          18.116727,
          17.513905,
          17.792925
        ]
      },
      {
        "date": "2025-06-06",
        "close": 20.74,
        "volume": 22043802,
        "typical_volume": 14398558.7,
        "trend": 18.421667,
        "fair_value": 13.101119,
        "relative_strength": 9.468932,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.025018,
        "energy": 50.077287,
        "activity_lines": [
          20.044,
          18.697454,
          17.830428,
          17.943032
        ]
      },
      {
        "date": "2025-06-13",
        "close": 21.5,
        "volume": 25779024,
        "typical_volume": 15313590.2,
        "trend": 18.446667,
        "fair_value": 13.163333,
        "relative_strength": 13.82108,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.409145,
        "energy": 65.336473,
        "activity_lines": [
          20.882,
          19.338545,
          18.21,
          18.141634
        ]
      },
      {
        "date": "2025-06-20",
        "close": 19.16,
        "volume": 12777865,
        "typical_volume": 15471390.8,
        "trend": 18.435333,
        "fair_value": 13.207426,
        "relative_strength": -0.716795,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.085623,
        "energy": 58.452236,
        "activity_lines": [
          20.513333,
          19.474909,
          18.34919,
          18.187656
        ]
      },
      {
        "date": "2025-06-27",
        "close": 19.23,
        "volume": 6434406,
        "typical_volume": 15339324.6,
        "trend": 18.406,
        "fair_value": 13.251387,
        "relative_strength": -2.9554,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.454961,
        "energy": 32.515098,
        "activity_lines": [
          20.056667,
          19.580364,
          18.490714,
          18.238925
        ]
      },
      {
        "date": "2025-07-04",
        "close": 19.290001,
        "volume": 4890440,
        "typical_volume": 14774167.1,
        "trend": 18.303333,
        "fair_value": 13.295145,
        "relative_strength": -2.533789,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 15.319367,
        "energy": 16.774614,
        "activity_lines": [
          19.639334,
          19.666364,
          18.634238,
          18.295957
        ]
      },
      {
        "date": "2025-07-11",
        "close": 18.799999,
        "volume": 4594327,
        "typical_volume": 14554072.5,
        "trend": 18.204,
        "fair_value": 13.334748,
        "relative_strength": -4.19771,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 35.864593,
        "energy": 20.71919,
        "activity_lines": [
          19.244667,
          19.622364,
          18.723,
          18.328
        ]
      },
      {
        "date": "2025-07-18",
        "close": 18.780001,
        "volume": 4659604,
        "typical_volume": 14453383.3,
        "trend": 18.149667,
        "fair_value": 13.373643,
        "relative_strength": -3.90835,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.479799,
        "energy": 19.726879,
        "activity_lines": [
          18.972667,
          19.529455,
          18.801286,
          18.365161
        ]
      },
      {
        "date": "2025-07-25",
        "close": 18.09,
        "volume": 3568169,
        "typical_volume": 13960241.7,
        "trend": 18.090667,
        "fair_value": 13.407092,
        "relative_strength": -7.215229,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.241368,
        "energy": 17.187077,
        "activity_lines": [
          18.652,
          19.244182,
          18.797476,
          18.361312
        ]
      },
      {
        "date": "2025-08-01",
        "close": 17.969999,
        "volume": 3836619,
        "typical_volume": 13742933.15,
        "trend": 17.999,
        "fair_value": 13.439225,
        "relative_strength": -7.027246,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.14566,
        "energy": 15.323205,
        "activity_lines": [
          18.362666,
          18.926182,
          18.777571,
          18.353527
        ]
      },
      {
        "date": "2025-08-08",
        "close": 18.27,
        "volume": 4123464,
        "typical_volume": 13503666.5,
        "trend": 18.005333,
        "fair_value": 13.473007,
        "relative_strength": -4.957471,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.082234,
        "energy": 13.169035,
        "activity_lines": [
          18.257333,
          18.690909,
          18.774857,
          18.371011
        ]
      },
      {
        "date": "2025-08-15",
        "close": 17.370001,
        "volume": 2700746,
        "typical_volume": 12827867.6,
        "trend": 17.958333,
        "fair_value": 13.500069,
        "relative_strength": -10.780822,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -18.882697,
        "energy": 19.391836,
        "activity_lines": [
          17.92,
          18.361273,
          18.680143,
          18.330022
        ]
      },
      {
        "date": "2025-08-22",
        "close": 17.32,
        "volume": 2888165,
        "typical_volume": 12489379.15,
        "trend": 17.941667,
        "fair_value": 13.526414,
        "relative_strength": -11.741963,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -21.210829,
        "energy": 27.285369,
        "activity_lines": [
          17.661333,
          18.083818,
          18.576333,
          18.288839
        ]
      },
      {
        "date": "2025-08-29",
        "close": 16.73,
        "volume": 1977802,
        "typical_volume": 12172940.45,
        "trend": 17.891,
        "fair_value": 13.548356,
        "relative_strength": -12.92009,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.751059,
        "energy": 46.261253,
        "activity_lines": [
          17.303333,
          17.775091,
          18.415476,
          18.210667
        ]
      },
      {
        "date": "2025-09-05",
        "close": 17.209999,
        "volume": 2395600,
        "typical_volume": 12038139.65,
        "trend": 17.849667,
        "fair_value": 13.573265,
        "relative_strength": -11.047796,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.713208,
        "energy": 46.287336,
        "activity_lines": [
          17.196,
          17.597818,
          18.300476,
          18.166731
        ]
      },
      {
        "date": "2025-09-12",
        "close": 17.950001,
        "volume": 5808655,
        "typical_volume": 11773215.6,
        "trend": 17.861667,
        "fair_value": 13.602838,
        "relative_strength": -7.933352,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.665267,
        "energy": 32.865128,
        "activity_lines": [
          17.386,
          17.591818,
          18.257619,
          18.173204
        ]
      },
      {
        "date": "2025-09-19",
        "close": 17.91,
        "volume": 4536985,
        "typical_volume": 11637015.75,
        "trend": 17.892,
        "fair_value": 13.631745,
        "relative_strength": -8.518328,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -15.694586,
        "energy": 17.285733,
        "activity_lines": [
          17.584,
          17.602909,
          18.206619,
          18.176323
        ]
      },
      {
        "date": "2025-09-26",
        "close": 16.59,
        "volume": 5245398,
        "typical_volume": 11209934.1,
        "trend": 17.933667,
        "fair_value": 13.651467,
        "relative_strength": -12.588083,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -40.189303,
        "energy": 26.557136,
        "activity_lines": [
          17.306,
          17.390182,
          18.022286,
          18.092323
        ]
      },
      {
        "date": "2025-10-03",
        "close": 16.889999,
        "volume": 5357970,
        "typical_volume": 10919269.7,
        "trend": 17.926333,
        "fair_value": 13.672914,
        "relative_strength": -11.520168,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -31.897042,
        "energy": 24.2508,
        "activity_lines": [
          17.176666,
          17.271818,
          17.859429,
          18.024989
        ]
      },
      {
        "date": "2025-10-10",
        "close": 16.99,
        "volume": 7207806,
        "typical_volume": 9100202.85,
        "trend": 17.973333,
        "fair_value": 13.694737,
        "relative_strength": -11.945194,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.534983,
        "energy": 40.641979,
        "activity_lines": [
          17.07,
          17.193454,
          17.708952,
          17.964581
        ]
      },
      {
        "date": "2025-10-17",
        "close": 16.370001,
        "volume": 5095871,
        "typical_volume": 6796135.9,
        "trend": 17.954,
        "fair_value": 13.712222,
        "relative_strength": -16.148242,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.746615,
        "energy": 60.485646,
        "activity_lines": [
          16.771333,
          17.020182,
          17.511476,
          17.86114
        ]
      },
      {
        "date": "2025-10-24",
        "close": 16.67,
        "volume": 3444024,
        "typical_volume": 5866147.0,
        "trend": 17.961,
        "fair_value": 13.731429,
        "relative_strength": -14.655874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.876938,
        "energy": 52.259554,
        "activity_lines": [
          16.678,
          16.936,
          17.369762,
          17.778301
        ]
      },
      {
        "date": "2025-10-31",
        "close": 16.440001,
        "volume": 4833047,
        "typical_volume": 4818848.15,
        "trend": 17.937667,
        "fair_value": 13.748903,
        "relative_strength": -15.124639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.958666,
        "energy": 55.138424,
        "activity_lines": [
          16.590667,
          16.822728,
          17.225524,
          17.680172
        ]
      },
      {
        "date": "2025-11-07",
        "close": 16.07,
        "volume": 4868080,
        "typical_volume": 4423358.9,
        "trend": 17.914667,
        "fair_value": 13.763782,
        "relative_strength": -15.818045,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.332678,
        "energy": 62.444079,
        "activity_lines": [
          16.39,
          16.658182,
          17.070143,
          17.559678
        ]
      },
      {
        "date": "2025-11-14",
        "close": 16.58,
        "volume": 7368187,
        "typical_volume": 4470047.95,
        "trend": 17.882,
        "fair_value": 13.818141,
        "relative_strength": -14.012731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.623122,
        "energy": 45.654465,
        "activity_lines": [
          16.414,
          16.598364,
          16.978048,
          17.47357
        ]
      },
      {
        "date": "2025-11-21",
        "close": 15.87,
        "volume": 5480987,
        "typical_volume": 4499575.3,
        "trend": 17.843,
        "fair_value": 13.869872,
        "relative_strength": -17.754452,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.560082,
        "energy": 50.372519,
        "activity_lines": [
          16.228667,
          16.420909,
          16.830952,
          17.343764
        ]
      },
      {
        "date": "2025-11-28",
        "close": 15.63,
        "volume": 4728765,
        "typical_volume": 4506297.2,
        "trend": 17.820333,
        "fair_value": 13.919423,
        "relative_strength": -18.915969,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.537219,
        "energy": 57.028424,
        "activity_lines": [
          15.996667,
          16.237637,
          16.677286,
          17.200989
        ]
      },
      {
        "date": "2025-12-05",
        "close": 15.14,
        "volume": 5282981,
        "typical_volume": 4537466.05,
        "trend": 17.821667,
        "fair_value": 13.965513,
        "relative_strength": -20.728098,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.442888,
        "energy": 63.293239,
        "activity_lines": [
          15.670667,
          16.006727,
          16.492048,
          17.028065
        ]
      },
      {
        "date": "2025-12-12",
        "close": 14.92,
        "volume": 6231118,
        "typical_volume": 4670613.5,
        "trend": 17.736,
        "fair_value": 14.010833,
        "relative_strength": -20.821646,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.660636,
        "energy": 77.148183,
        "activity_lines": [
          15.358,
          15.762182,
          16.303191,
          16.84086
        ]
      },
      {
        "date": "2025-12-19",
        "close": 14.45,
        "volume": 5389609,
        "typical_volume": 4748263.0,
        "trend": 17.567,
        "fair_value": 14.041282,
        "relative_strength": -22.441345,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.423835,
        "energy": 82.766604,
        "activity_lines": [
          14.965333,
          15.468,
          16.084667,
          16.62886
        ]
      },
      {
        "date": "2025-12-26",
        "close": 14.44,
        "volume": 5919708,
        "typical_volume": 4838075.2,
        "trend": 17.312333,
        "fair_value": 14.077115,
        "relative_strength": -22.137619,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.916597,
        "energy": 83.455846,
        "activity_lines": [
          14.711333,
          15.218182,
          15.881952,
          16.427118
        ]
      },
      {
        "date": "2026-01-02",
        "close": 14.46,
        "volume": 6542956,
        "typical_volume": 5030185.7,
        "trend": 17.103,
        "fair_value": 14.113077,
        "relative_strength": -22.218048,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.595914,
        "energy": 81.603232,
        "activity_lines": [
          14.559333,
          15.007091,
          15.699381,
          16.243097
        ]
      },
      {
        "date": "2026-01-09",
        "close": 13.13,
        "volume": 8443719,
        "typical_volume": 5307963.4,
        "trend": 16.824,
        "fair_value": 14.143718,
        "relative_strength": -27.080744,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.977122,
        "energy": 90.541059,
        "activity_lines": [
          14.042,
          14.594364,
          15.404,
          15.986774
        ]
      },
      {
        "date": "2026-01-16",
        "close": 12.94,
        "volume": 4893875,
        "typical_volume": 5453767.05,
        "trend": 16.616667,
        "fair_value": 14.175385,
        "relative_strength": -27.559282,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.44547,
        "energy": 91.190265,
        "activity_lines": [
          13.595333,
          14.207273,
          15.110476,
          15.736194
        ]
      },
      {
        "date": "2026-01-23",
        "close": 11.94,
        "volume": 9824390,
        "typical_volume": 5825206.55,
        "trend": 16.373667,
        "fair_value": 14.202244,
        "relative_strength": -30.870279,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.860153,
        "energy": 94.483808,
        "activity_lines": [
          12.947333,
          13.695273,
          14.739762,
          15.434473
        ]
      },
      {
        "date": "2026-01-30",
        "close": 12.96,
        "volume": 6662578,
        "typical_volume": 5867902.7,
        "trend": 16.162667,
        "fair_value": 14.237244,
        "relative_strength": -25.219164,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.6841,
        "energy": 82.949605,
        "activity_lines": [
          12.806667,
          13.453091,
          14.491286,
          15.214237
        ]
      },
      {
        "date": "2026-02-06",
        "close": 13.65,
        "volume": 9072213,
        "typical_volume": 6094664.1,
        "trend": 15.991,
        "fair_value": 14.276987,
        "relative_strength": -21.828174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.964105,
        "energy": 61.878897,
        "activity_lines": [
          12.994667,
          13.389273,
          14.332286,
          15.052129
        ]
      },
      {
        "date": "2026-02-13",
        "close": 13.98,
        "volume": 9562666,
        "typical_volume": 6310527.5,
        "trend": 15.831,
        "fair_value": 14.32109,
        "relative_strength": -18.736673,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.871344,
        "energy": 52.049055,
        "activity_lines": [
          13.346667,
          13.421455,
          14.225,
          14.922387
        ]
      },
      {
        "date": "2026-02-20",
        "close": 13.12,
        "volume": 6175314,
        "typical_volume": 6351394.7,
        "trend": 15.665333,
        "fair_value": 14.363526,
        "relative_strength": -23.527779,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.935026,
        "energy": 41.149945,
        "activity_lines": [
          13.355333,
          13.318364,
          14.048238,
          14.747484
        ]
      },
      {
        "date": "2026-02-27",
        "close": 12.79,
        "volume": 6457126,
        "typical_volume": 6313860.7,
        "trend": 15.492667,
        "fair_value": 14.403526,
        "relative_strength": -23.884411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.798083,
        "energy": 37.807333,
        "activity_lines": [
          13.242,
          13.188,
          13.858,
          14.561979
        ]
      },
      {
        "date": "2026-03-06",
        "close": 11.99,
        "volume": 7828826,
        "typical_volume": 6450508.45,
        "trend": 15.283333,
        "fair_value": 14.43968,
        "relative_strength": -25.947709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.93791,
        "energy": 50.664578,
        "activity_lines": [
          12.805333,
          12.942364,
          13.611571,
          14.336
        ]
      },
      {
        "date": "2026-03-13",
        "close": 12.06,
        "volume": 6735732,
        "typical_volume": 6615093.85,
        "trend": 15.106333,
        "fair_value": 14.478526,
        "relative_strength": -20.933822,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.914989,
        "energy": 54.613424,
        "activity_lines": [
          12.456667,
          12.754,
          13.392667,
          14.128043
        ]
      },
      {
        "date": "2026-03-20",
        "close": 11.78,
        "volume": 9665749,
        "typical_volume": 6856728.95,
        "trend": 14.921667,
        "fair_value": 14.515897,
        "relative_strength": -22.155856,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.98333,
        "energy": 61.928782,
        "activity_lines": [
          12.120667,
          12.558364,
          13.169048,
          13.913441
        ]
      },
      {
        "date": "2026-03-27",
        "close": 10.94,
        "volume": 8623891,
        "typical_volume": 7044519.5,
        "trend": 14.728667,
        "fair_value": 14.548205,
        "relative_strength": -26.295212,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.397469,
        "energy": 79.662077,
        "activity_lines": [
          11.651333,
          12.234545,
          12.887619,
          13.656559
        ]
      },
      {
        "date": "2026-04-03",
        "close": 11.3,
        "volume": 7710967,
        "typical_volume": 7061658.5,
        "trend": 14.531667,
        "fair_value": 14.578654,
        "relative_strength": -22.941432,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.684128,
        "energy": 68.567877,
        "activity_lines": [
          11.447333,
          12.012545,
          12.664905,
          13.435355
        ]
      },
      {
        "date": "2026-04-10",
        "close": 13.56,
        "volume": 13528796,
        "typical_volume": 7464048.95,
        "trend": 14.385333,
        "fair_value": 14.624551,
        "relative_strength": -12.226781,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.701856,
        "energy": 40.040382,
        "activity_lines": [
          12.096,
          12.213091,
          12.682571,
          13.372667
        ]
      },
      {
        "date": "2026-04-17",
        "close": 14.3,
        "volume": 9788870,
        "typical_volume": 7717054.2,
        "trend": 14.265,
        "fair_value": 14.676474,
        "relative_strength": -8.178568,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -19.783389,
        "energy": 13.285115,
        "activity_lines": [
          12.886667,
          12.537273,
          12.781714,
          13.367161
        ]
      },
      {
        "date": "2026-04-24",
        "close": 13.47,
        "volume": 8655393,
        "typical_volume": 7885674.8,
        "trend": 14.161,
        "fair_value": 14.723718,
        "relative_strength": -11.47261,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.202361,
        "energy": 20.19845,
        "activity_lines": [
          13.251333,
          12.698727,
          12.808143,
          13.315871
        ]
      },
      {
        "date": "2026-05-01",
        "close": 13.74,
        "volume": 5489416,
        "typical_volume": 7848589.7,
        "trend": 14.056,
        "fair_value": 14.772692,
        "relative_strength": -9.807723,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -2.663745,
        "energy": 21.434424,
        "activity_lines": [
          13.593333,
          12.918545,
          12.868238,
          13.28871
        ]
      },
      {
        "date": "2026-05-08",
        "close": 14.67,
        "volume": 12449054,
        "typical_volume": 8201561.95,
        "trend": 13.978667,
        "fair_value": 14.823782,
        "relative_strength": -4.350181,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.787752,
        "energy": 34.354675,
        "activity_lines": [
          14.058667,
          13.296182,
          13.022524,
          13.328323
        ]
      },
      {
        "date": "2026-05-15",
        "close": 13.8,
        "volume": 9388108,
        "typical_volume": 8374981.95,
        "trend": 13.893,
        "fair_value": 14.870577,
        "relative_strength": -7.672707,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.3543,
        "energy": 29.111021,
        "activity_lines": [
          14.009333,
          13.481455,
          13.092905,
          13.316796
        ]
      },
      {
        "date": "2026-05-22",
        "close": 14.34,
        "volume": 8424344,
        "typical_volume": 8469051.35,
        "trend": 13.815333,
        "fair_value": 14.922115,
        "relative_strength": -3.837487,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.159557,
        "energy": 35.540993,
        "activity_lines": [
          14.124,
          13.732,
          13.217762,
          13.345634
        ]
      },
      {
        "date": "2026-05-29",
        "close": 15.01,
        "volume": 38869994,
        "typical_volume": 9990365.1,
        "trend": 13.767667,
        "fair_value": 14.975064,
        "relative_strength": 2.184764,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.074669,
        "energy": 40.39043,
        "activity_lines": [
          14.459333,
          14.062909,
          13.407,
          13.42271
        ]
      },
      {
        "date": "2026-06-05",
        "close": 14.49,
        "volume": 1420669,
        "typical_volume": 9816704.8,
        "trend": 13.715,
        "fair_value": 15.020513,
        "relative_strength": 0.054899,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.481608,
        "energy": 28.537711,
        "activity_lines": [
          14.518667,
          14.240545,
          13.537762,
          13.469312
        ]
      },
      {
        "date": "2026-06-12",
        "close": 14.27,
        "volume": 1466441,
        "typical_volume": 9398807.35,
        "trend": 13.638,
        "fair_value": 15.061026,
        "relative_strength": -1.72261,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.917252,
        "energy": 29.994685,
        "activity_lines": [
          14.454667,
          14.313636,
          13.64019,
          13.505118
        ]
      },
      {
        "date": "2026-06-19",
        "close": 13.99,
        "volume": 1450107,
        "typical_volume": 9138183.8,
        "trend": 13.575333,
        "fair_value": 15.101987,
        "relative_strength": -4.678666,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.362431,
        "energy": 22.650075,
        "activity_lines": [
          14.324,
          14.281818,
          13.704857,
          13.527828
        ]
      },
      {
        "date": "2026-06-26",
        "close": 13.89,
        "volume": 0,
        "typical_volume": 8684573.15,
        "trend": 13.517333,
        "fair_value": 15.142628,
        "relative_strength": -5.012763,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 38.116187,
        "energy": 20.547043,
        "activity_lines": [
          14.147333,
          14.224,
          13.755095,
          13.548129
        ]
      },
      {
        "date": "2026-07-03",
        "close": 14.24,
        "volume": 1328105,
        "typical_volume": 8272845.1,
        "trend": 13.487333,
        "fair_value": 15.185192,
        "relative_strength": -2.956577,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.689423,
        "energy": 18.106212,
        "activity_lines": [
          14.117333,
          14.237273,
          13.837524,
          13.594753
        ]
      },
      {
        "date": "2026-07-10",
        "close": 14.18,
        "volume": 8436803,
        "typical_volume": 8385919.55,
        "trend": 13.462667,
        "fair_value": 15.228013,
        "relative_strength": -2.609152,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.021537,
        "energy": 17.697445,
        "activity_lines": [
          14.118667,
          14.225636,
          13.913,
          13.639441
        ]
      },
      {
        "date": "2026-07-17",
        "close": 13.47,
        "volume": 6687888,
        "typical_volume": 8397457.65,
        "trend": 13.43,
        "fair_value": 15.266603,
        "relative_strength": -7.381779,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.436837,
        "energy": 15.53759,
        "activity_lines": [
          13.904,
          14.076909,
          13.91581,
          13.639914
        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.09,
        "volume": 5275181,
        "typical_volume": 8269775.4,
        "trend": 13.385,
        "fair_value": 15.29891,
        "relative_strength": -7.318369,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.99512,
        "energy": 11.588963,
        "activity_lines": [
          13.616,
          13.880909,
          13.87919,
          13.617978
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.12,
        "volume": 3659100,
        "typical_volume": 8115943.8,
        "trend": 13.340333,
        "fair_value": 15.323718,
        "relative_strength": -8.882869,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.018465,
        "energy": 14.159939,
        "activity_lines": [
          13.398,
          13.703273,
          13.84019,
          13.600882
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.45,
        "volume": 7629990,
        "typical_volume": 8014155.85,
        "trend": 13.351,
        "fair_value": 15.351282,
        "relative_strength": -6.686801,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -13.483704,
        "energy": 21.996108,
        "activity_lines": [
          13.341333,
          13.607818,
          13.827571,
          13.607957
        ]
      }
    ],
    "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."
    }
  }
}