{ "ticker": { "uuid": "f2e249a7-567c-4a2b-ae7c-1da5667ac6d7", "symbol": "MOV", "name": "Movado Group Inc", "exchange": "NYSE", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 48.8, "architecture_energy": 41.785, "architecture_maturity": 100.0, "architecture_confidence": 64.654, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 24.44, "rotation_up": 41.61, "upward_expansion": 68.56, "deceleration": 65.48, "rotation_down": 27.11, "downward_expansion": 18.56 }, "activity_lines": [ 37.818667, 38.032566, 35.724119, 33.042602 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 37.84, "trend_reference": 29.659172, "distance_from_trend": 0.275828, "trend_direction": "Improving", "fair_value": 21.431162, "distance_from_fair_value": 0.765653, "fair_value_direction": "Improving", "relative_strength": 36.76276, "relative_strength_direction": "Improving", "price_momentum": 0.584621, "excess_performance": 0.458996, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.275828, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.257791, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.765653, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.397328, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.367628, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.102802, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.584621, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.394124, "read": "Demand-led" } ], "volume": { "latest": 946843, "relative_activity": 0.916281, "balance": 1.394124, "dry_up": 0.888944, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.089192, "annualized_volatility": 0.499299, "from_high_reference": -0.065679, "from_low_reference": 1.663977 }, "levels": { "trend_reference": 29.659172, "fair_value_reference": 21.431162, "structural_low": 21.871696, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": 0.014109, "positive_rate": 0.565217, "directional_follow_through": 0.565217, "median_excess_return": -0.003164, "regime_survival": 0.782609, "best_return": 0.450099, "worst_return": -0.127778, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.064738, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.061094, "regime_survival": 0.5, "best_return": 0.714998, "worst_return": -0.185987, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.036446, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.048127, "regime_survival": 0.4, "best_return": 0.34725, "worst_return": -0.208065, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.104942, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.342226, "regime_survival": 0.333333, "best_return": 0.066935, "worst_return": -0.281831, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-04-28", "end": "2023-07-07", "tenure": "Developing", "return": 0.043948, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-14", "end": "2023-10-20", "tenure": "Established", "return": 0.056495, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-10-27", "end": "2024-02-02", "tenure": "Established", "return": 0.024698, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-09", "end": "2024-03-15", "tenure": "Developing", "return": -0.057951, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-22", "end": "2024-04-19", "tenure": "Developing", "return": -0.025424, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-26", "end": "2024-12-13", "tenure": "Extended", "return": -0.170377, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-03-14", "tenure": "Established", "return": -0.115598, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-07-04", "tenure": "Established", "return": -0.0181, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-09-05", "tenure": "Developing", "return": 0.154804, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": -0.097475, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": 0.021774, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-28", "end": "2026-03-20", "tenure": "Established", "return": 0.166614, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.128222, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": 0.346704, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 22.645791, "volume": 487804, "typical_volume": 695145.85, "trend": 23.150387, "fair_value": 22.333984, "relative_strength": -12.327639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.517731, "energy": 17.908614, "activity_lines": [ 23.002504, 22.751608, 22.265996, 22.396776 ] }, { "date": "2023-08-25", "close": 21.271074, "volume": 683850, "typical_volume": 670117.55, "trend": 22.974526, "fair_value": 22.418979, "relative_strength": -17.912832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.708601, "energy": 15.324954, "activity_lines": [ 22.413653, 22.528301, 22.212762, 22.27553 ] }, { "date": "2023-09-01", "close": 22.761037, "volume": 663310, "typical_volume": 653220.55, "trend": 22.784699, "fair_value": 22.513065, "relative_strength": -14.006616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.936134, "energy": 7.3876, "activity_lines": [ 22.422434, 22.583678, 22.29621, 22.261756 ] }, { "date": "2023-09-08", "close": 23.218093, "volume": 619756, "typical_volume": 639876.5, "trend": 22.673738, "fair_value": 22.609711, "relative_strength": -10.913825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.403759, "energy": 10.987785, "activity_lines": [ 22.633506, 22.708088, 22.416253, 22.289717 ] }, { "date": "2023-09-15", "close": 22.359399, "volume": 1160721, "typical_volume": 659819.5, "trend": 22.526941, "fair_value": 22.694122, "relative_strength": -13.82097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.574227, "energy": 7.173025, "activity_lines": [ 22.542694, 22.655789, 22.447455, 22.269437 ] }, { "date": "2023-09-22", "close": 21.700789, "volume": 565683, "typical_volume": 637535.25, "trend": 22.368752, "fair_value": 22.785975, "relative_strength": -13.545258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.560813, "energy": 5.002268, "activity_lines": [ 22.292598, 22.472336, 22.408589, 22.216137 ] }, { "date": "2023-09-29", "close": 22.801251, "volume": 553106, "typical_volume": 642831.1, "trend": 22.225605, "fair_value": 22.883638, "relative_strength": -8.296347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.659174, "energy": 14.809377, "activity_lines": [ 22.472322, 22.499863, 22.469779, 22.24404 ] }, { "date": "2023-10-06", "close": 23.526556, "volume": 619940, "typical_volume": 637714.95, "trend": 22.119517, "fair_value": 22.984013, "relative_strength": -5.494235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.916571, "energy": 25.806074, "activity_lines": [ 22.791803, 22.658982, 22.589553, 22.327972 ] }, { "date": "2023-10-13", "close": 23.143062, "volume": 501103, "typical_volume": 624655.35, "trend": 22.036195, "fair_value": 23.081746, "relative_strength": -7.065715, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.896041, "energy": 29.418597, "activity_lines": [ 22.932418, 22.748075, 22.659786, 22.394008 ] }, { "date": "2023-10-20", "close": 23.559904, "volume": 558521, "typical_volume": 624082.7, "trend": 22.105879, "fair_value": 23.173945, "relative_strength": -2.793512, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.322122, "energy": 46.727694, "activity_lines": [ 23.216982, 22.910054, 22.760461, 22.492311 ] }, { "date": "2023-10-27", "close": 23.059693, "volume": 414215, "typical_volume": 612576.1, "trend": 22.133385, "fair_value": 23.271467, "relative_strength": -2.09294, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.23907, "energy": 44.140927, "activity_lines": [ 23.254775, 22.97569, 22.804809, 22.553848 ] }, { "date": "2023-11-03", "close": 24.376914, "volume": 361530, "typical_volume": 567958.15, "trend": 22.27344, "fair_value": 23.375034, "relative_strength": -1.789222, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.866006, "energy": 53.852653, "activity_lines": [ 23.641049, 23.273295, 22.972165, 22.698592 ] }, { "date": "2023-11-10", "close": 22.942978, "volume": 499820, "typical_volume": 555026.55, "trend": 22.328048, "fair_value": 23.45876, "relative_strength": -8.315288, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.086225, "energy": 34.479744, "activity_lines": [ 23.4443, 23.253714, 22.990205, 22.741788 ] }, { "date": "2023-11-17", "close": 24.17683, "volume": 558688, "typical_volume": 554135.35, "trend": 22.409431, "fair_value": 23.538917, "relative_strength": -5.09994, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.837221, "energy": 33.915751, "activity_lines": [ 23.69774, 23.455163, 23.121203, 22.861064 ] }, { "date": "2023-11-24", "close": 23.968409, "volume": 358619, "typical_volume": 549524.6, "trend": 22.514471, "fair_value": 23.610314, "relative_strength": -6.637832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.148886, "energy": 39.378549, "activity_lines": [ 23.812788, 23.601285, 23.222395, 22.961643 ] }, { "date": "2023-12-01", "close": 21.742473, "volume": 1077176, "typical_volume": 576281.3, "trend": 22.549106, "fair_value": 23.667581, "relative_strength": -15.628169, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.5269, "energy": 8.271655, "activity_lines": [ 23.158624, 23.313437, 23.100944, 22.911837 ] }, { "date": "2023-12-08", "close": 23.343146, "volume": 1007067, "typical_volume": 599634.75, "trend": 22.640617, "fair_value": 23.738797, "relative_strength": -9.288819, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.68077, "energy": 14.331423, "activity_lines": [ 23.125832, 23.315862, 23.134593, 22.963065 ] }, { "date": "2023-12-15", "close": 25.629988, "volume": 1484485, "typical_volume": 655347.0, "trend": 22.801856, "fair_value": 23.821077, "relative_strength": -2.425707, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.463197, "energy": 32.81657, "activity_lines": [ 23.924239, 23.724224, 23.383382, 23.155928 ] }, { "date": "2023-12-22", "close": 25.739734, "volume": 1303831, "typical_volume": 688145.05, "trend": 22.953211, "fair_value": 23.905904, "relative_strength": -2.615644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.946374, "energy": 44.906773, "activity_lines": [ 24.580094, 24.114296, 23.632529, 23.345468 ] }, { "date": "2023-12-29", "close": 25.452705, "volume": 518327, "typical_volume": 699877.6, "trend": 23.077123, "fair_value": 23.992441, "relative_strength": -3.618721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.262009, "energy": 66.132811, "activity_lines": [ 25.036079, 24.404968, 23.841214, 23.506726 ] }, { "date": "2024-01-05", "close": 24.853322, "volume": 500591, "typical_volume": 700516.95, "trend": 23.154, "fair_value": 24.068404, "relative_strength": -3.837381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.183446, "energy": 64.986222, "activity_lines": [ 25.193317, 24.552247, 23.982388, 23.621319 ] }, { "date": "2024-01-12", "close": 23.587018, "volume": 649055, "typical_volume": 698777.2, "trend": 23.21693, "fair_value": 24.121821, "relative_strength": -9.742118, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.702562, "energy": 41.766635, "activity_lines": [ 24.721063, 24.436678, 23.99245, 23.649256 ] }, { "date": "2024-01-19", "close": 23.899373, "volume": 487464, "typical_volume": 689984.9, "trend": 23.280667, "fair_value": 24.180246, "relative_strength": -9.032461, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.724904, "energy": 20.196296, "activity_lines": [ 24.33667, 24.392262, 24.021232, 23.693285 ] }, { "date": "2024-01-26", "close": 24.186402, "volume": 609595, "typical_volume": 689476.85, "trend": 23.35068, "fair_value": 24.239585, "relative_strength": -8.336184, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.32518, "energy": 16.361935, "activity_lines": [ 24.163327, 24.382644, 24.071929, 23.751719 ] }, { "date": "2024-02-02", "close": 23.629228, "volume": 601218, "typical_volume": 661501.7, "trend": 23.413919, "fair_value": 24.280992, "relative_strength": -11.001022, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.453139, "energy": 16.970363, "activity_lines": [ 23.907815, 24.271548, 24.064951, 23.76969 ] }, { "date": "2024-02-09", "close": 23.890931, "volume": 450604, "typical_volume": 655747.75, "trend": 23.466948, "fair_value": 24.331025, "relative_strength": -10.656906, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.507537, "energy": 14.767615, "activity_lines": [ 23.861102, 24.214201, 24.07685, 23.800465 ] }, { "date": "2024-02-16", "close": 24.557851, "volume": 526300, "typical_volume": 654407.45, "trend": 23.526019, "fair_value": 24.389271, "relative_strength": -7.265286, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.629842, "energy": 14.089972, "activity_lines": [ 24.100856, 24.239049, 24.141836, 23.870846 ] }, { "date": "2024-02-23", "close": 24.068213, "volume": 381899, "typical_volume": 642505.4, "trend": 23.544621, "fair_value": 24.437939, "relative_strength": -9.942035, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.158799, "energy": 11.57317, "activity_lines": [ 24.112675, 24.152787, 24.151826, 23.905826 ] }, { "date": "2024-03-01", "close": 24.321474, "volume": 612734, "typical_volume": 648086.95, "trend": 23.589227, "fair_value": 24.482672, "relative_strength": -9.196783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.28289, "energy": 15.954441, "activity_lines": [ 24.197658, 24.140968, 24.183356, 23.955946 ] }, { "date": "2024-03-08", "close": 23.308431, "volume": 718407, "typical_volume": 656081.25, "trend": 23.590736, "fair_value": 24.515121, "relative_strength": -11.985603, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.674224, "energy": 3.234341, "activity_lines": [ 23.935955, 23.970746, 24.112794, 23.93783 ] }, { "date": "2024-03-15", "close": 22.506439, "volume": 4108932, "typical_volume": 840817.1, "trend": 23.586091, "fair_value": 24.547385, "relative_strength": -14.248161, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.037927, "energy": 30.014698, "activity_lines": [ 23.428308, 23.693694, 23.967049, 23.867875 ] }, { "date": "2024-03-22", "close": 22.43046, "volume": 1143676, "typical_volume": 879924.4, "trend": 23.624737, "fair_value": 24.560958, "relative_strength": -16.027042, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.728161, "energy": 45.339206, "activity_lines": [ 22.987634, 23.445499, 23.816703, 23.793318 ] }, { "date": "2024-03-29", "close": 23.578576, "volume": 1257351, "typical_volume": 917800.95, "trend": 23.651988, "fair_value": 24.582863, "relative_strength": -11.710591, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.273391, "energy": 38.348378, "activity_lines": [ 23.071492, 23.42708, 23.784971, 23.79034 ] }, { "date": "2024-04-05", "close": 23.418177, "volume": 1101258, "typical_volume": 944929.45, "trend": 23.658658, "fair_value": 24.599568, "relative_strength": -11.364382, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.040419, "energy": 35.6271, "activity_lines": [ 23.134525, 23.38533, 23.734935, 23.775256 ] }, { "date": "2024-04-12", "close": 21.535327, "volume": 829909, "typical_volume": 968493.95, "trend": 23.631188, "fair_value": 24.593101, "relative_strength": -16.960196, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.825893, "energy": 45.338837, "activity_lines": [ 22.630162, 23.015212, 23.509193, 23.638266 ] }, { "date": "2024-04-19", "close": 21.860195, "volume": 748615, "typical_volume": 952065.9, "trend": 23.636502, "fair_value": 24.58853, "relative_strength": -12.72743, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.965593, "energy": 48.39776, "activity_lines": [ 22.352295, 22.742231, 23.325977, 23.524009 ] }, { "date": "2024-04-26", "close": 22.21926, "volume": 918898, "typical_volume": 947657.45, "trend": 23.617102, "fair_value": 24.584628, "relative_strength": -13.347611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.890755, "energy": 54.397871, "activity_lines": [ 22.237199, 22.571458, 23.176397, 23.432574 ] }, { "date": "2024-05-03", "close": 22.270555, "volume": 499972, "typical_volume": 898431.8, "trend": 23.575236, "fair_value": 24.579189, "relative_strength": -13.419776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.98226, "energy": 56.975794, "activity_lines": [ 22.153282, 22.45253, 23.037054, 23.3457 ] }, { "date": "2024-05-10", "close": 22.484284, "volume": 480564, "typical_volume": 857268.45, "trend": 23.553276, "fair_value": 24.577219, "relative_strength": -13.941472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.32902, "energy": 39.27619, "activity_lines": [ 22.227809, 22.405148, 22.934064, 23.275316 ] }, { "date": "2024-05-17", "close": 23.527281, "volume": 549043, "typical_volume": 858804.25, "trend": 23.552189, "fair_value": 24.589213, "relative_strength": -11.211077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.241165, "energy": 18.618157, "activity_lines": [ 22.712261, 22.580804, 22.945909, 23.273639 ] }, { "date": "2024-05-24", "close": 22.980135, "volume": 491188, "typical_volume": 858334.1, "trend": 23.549537, "fair_value": 24.607168, "relative_strength": -13.013515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.730803, "energy": 16.594701, "activity_lines": [ 22.881535, 22.653, 22.914813, 23.236732 ] }, { "date": "2024-05-31", "close": 22.655267, "volume": 709468, "typical_volume": 861354.75, "trend": 23.492149, "fair_value": 24.616557, "relative_strength": -13.621195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.255132, "energy": 17.374525, "activity_lines": [ 22.867856, 22.657517, 22.861697, 23.179037 ] }, { "date": "2024-06-07", "close": 22.398792, "volume": 675894, "typical_volume": 870776.25, "trend": 23.474009, "fair_value": 24.614011, "relative_strength": -15.291929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.898075, "energy": 17.983183, "activity_lines": [ 22.739619, 22.611315, 22.788593, 23.108498 ] }, { "date": "2024-06-14", "close": 21.725331, "volume": 890123, "typical_volume": 884802.65, "trend": 23.392293, "fair_value": 24.613441, "relative_strength": -18.85487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.800625, "energy": 30.815377, "activity_lines": [ 22.378345, 22.464115, 22.658494, 22.99568 ] }, { "date": "2024-06-21", "close": 21.525937, "volume": 792950, "typical_volume": 894389.25, "trend": 23.310877, "fair_value": 24.603516, "relative_strength": -19.740873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.480163, "energy": 48.91446, "activity_lines": [ 22.001204, 22.311442, 22.521125, 22.87527 ] }, { "date": "2024-06-28", "close": 21.551945, "volume": 563074, "typical_volume": 900012.75, "trend": 23.304526, "fair_value": 24.596106, "relative_strength": -19.256737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.524263, "energy": 61.857717, "activity_lines": [ 21.766154, 22.163667, 22.396249, 22.761791 ] }, { "date": "2024-07-05", "close": 21.031785, "volume": 423262, "typical_volume": 894860.85, "trend": 23.227481, "fair_value": 24.587662, "relative_strength": -22.310158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.568987, "energy": 70.213672, "activity_lines": [ 21.452931, 21.926923, 22.232972, 22.615162 ] }, { "date": "2024-07-12", "close": 22.046096, "volume": 646925, "typical_volume": 908112.15, "trend": 23.108017, "fair_value": 24.591919, "relative_strength": -18.991438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.14445, "energy": 59.26878, "activity_lines": [ 21.586044, 21.896189, 22.183086, 22.538944 ] }, { "date": "2024-07-19", "close": 21.707993, "volume": 610535, "typical_volume": 908002.2, "trend": 22.973626, "fair_value": 24.592834, "relative_strength": -18.261707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.164977, "energy": 40.783044, "activity_lines": [ 21.629969, 21.808063, 22.11063, 22.44862 ] }, { "date": "2024-07-26", "close": 22.115451, "volume": 483170, "typical_volume": 896240.35, "trend": 22.862384, "fair_value": 24.593403, "relative_strength": -15.64402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.980771, "energy": 25.978484, "activity_lines": [ 21.810869, 21.808135, 22.089424, 22.393254 ] }, { "date": "2024-08-02", "close": 21.040455, "volume": 447897, "typical_volume": 713188.6, "trend": 22.735289, "fair_value": 24.581681, "relative_strength": -17.589191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.463618, "energy": 31.1395, "activity_lines": [ 21.594136, 21.638423, 21.971518, 22.27571 ] }, { "date": "2024-08-09", "close": 20.858399, "volume": 615149, "typical_volume": 686762.25, "trend": 22.644335, "fair_value": 24.558414, "relative_strength": -17.861071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.863696, "energy": 36.24026, "activity_lines": [ 21.350817, 21.470876, 21.843255, 22.15462 ] }, { "date": "2024-08-16", "close": 20.927753, "volume": 565822, "typical_volume": 652185.8, "trend": 22.545281, "fair_value": 24.542307, "relative_strength": -20.2797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.285228, "energy": 38.372667, "activity_lines": [ 21.142175, 21.34861, 21.729082, 22.043873 ] }, { "date": "2024-08-23", "close": 21.421905, "volume": 514499, "typical_volume": 622847.85, "trend": 22.453131, "fair_value": 24.502321, "relative_strength": -19.174187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.700382, "energy": 43.564805, "activity_lines": [ 21.172806, 21.342935, 21.674595, 21.971397 ] }, { "date": "2024-08-30", "close": 20.685012, "volume": 508765, "typical_volume": 606790.65, "trend": 22.35499, "fair_value": 24.475971, "relative_strength": -21.707374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.566544, "energy": 47.872187, "activity_lines": [ 20.976879, 21.208797, 21.559434, 21.857325 ] }, { "date": "2024-09-06", "close": 16.385026, "volume": 1339606, "typical_volume": 636340.2, "trend": 22.104794, "fair_value": 24.430447, "relative_strength": -34.702881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.102215, "energy": 82.69735, "activity_lines": [ 19.442987, 20.308133, 21.038799, 21.472166 ] }, { "date": "2024-09-13", "close": 16.584421, "volume": 1424955, "typical_volume": 661643.05, "trend": 21.839013, "fair_value": 24.380343, "relative_strength": -35.884779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.62143, "energy": 91.921129, "activity_lines": [ 18.285921, 19.537666, 20.563226, 21.116013 ] }, { "date": "2024-09-20", "close": 17.524733, "volume": 2090191, "typical_volume": 741154.0, "trend": 21.620897, "fair_value": 24.333716, "relative_strength": -32.630111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.968171, "energy": 87.921719, "activity_lines": [ 17.727224, 19.019027, 20.20404, 20.837672 ] }, { "date": "2024-09-27", "close": 16.739385, "volume": 2794006, "typical_volume": 856826.1, "trend": 21.36816, "fair_value": 24.288054, "relative_strength": -35.338938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.157373, "energy": 89.981055, "activity_lines": [ 17.133612, 18.439803, 19.792657, 20.522736 ] }, { "date": "2024-10-04", "close": 17.215888, "volume": 5204383, "typical_volume": 1089593.1, "trend": 21.165075, "fair_value": 24.245493, "relative_strength": -32.948623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.070832, "energy": 83.425935, "activity_lines": [ 17.011003, 18.037555, 19.454013, 20.254847 ] }, { "date": "2024-10-11", "close": 16.448189, "volume": 1080794, "typical_volume": 1119073.4, "trend": 20.963134, "fair_value": 24.191682, "relative_strength": -35.953986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.957709, "energy": 66.007743, "activity_lines": [ 16.863769, 17.584808, 19.072308, 19.950532 ] }, { "date": "2024-10-18", "close": 17.471788, "volume": 1225376, "typical_volume": 1144868.8, "trend": 20.797845, "fair_value": 24.142353, "relative_strength": -31.757368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.609236, "energy": 57.015071, "activity_lines": [ 17.053524, 17.401665, 18.819194, 19.725284 ] }, { "date": "2024-10-25", "close": 16.298178, "volume": 1027970, "typical_volume": 1162472.6, "trend": 20.555165, "fair_value": 24.089517, "relative_strength": -34.909048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.4308, "energy": 57.099451, "activity_lines": [ 16.792918, 17.066714, 18.478991, 19.434983 ] }, { "date": "2024-11-01", "close": 16.368771, "volume": 893221, "typical_volume": 1162627.5, "trend": 20.320185, "fair_value": 24.025086, "relative_strength": -32.870155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.308135, "energy": 56.371843, "activity_lines": [ 16.637613, 16.828772, 18.174561, 19.164893 ] }, { "date": "2024-11-08", "close": 17.515909, "volume": 979062, "typical_volume": 1171933.1, "trend": 20.186204, "fair_value": 23.965884, "relative_strength": -30.692599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.417352, "energy": 45.453831, "activity_lines": [ 16.889395, 16.891275, 18.00489, 18.983972 ] }, { "date": "2024-11-15", "close": 17.330602, "volume": 694141, "typical_volume": 1178486.45, "trend": 20.035218, "fair_value": 23.892549, "relative_strength": -29.170806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.741577, "energy": 38.730973, "activity_lines": [ 17.059407, 16.977707, 17.836666, 18.79974 ] }, { "date": "2024-11-22", "close": 17.295306, "volume": 713415, "typical_volume": 1192994.1, "trend": 19.871086, "fair_value": 23.788849, "relative_strength": -29.686482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.786194, "energy": 30.580231, "activity_lines": [ 17.158826, 17.040529, 17.685182, 18.622971 ] }, { "date": "2024-11-29", "close": 17.957116, "volume": 611175, "typical_volume": 1191206.6, "trend": 19.727304, "fair_value": 23.704676, "relative_strength": -27.232293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.298999, "energy": 20.739691, "activity_lines": [ 17.490613, 17.210754, 17.61452, 18.499489 ] }, { "date": "2024-12-06", "close": 18.407147, "volume": 1343578, "typical_volume": 1227858.75, "trend": 19.5914, "fair_value": 23.623767, "relative_strength": -25.313209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.403432, "energy": 20.577257, "activity_lines": [ 17.861815, 17.454942, 17.60619, 18.414318 ] }, { "date": "2024-12-13", "close": 18.433619, "volume": 810580, "typical_volume": 1244229.25, "trend": 19.421611, "fair_value": 23.557236, "relative_strength": -23.871333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.298171, "energy": 15.399204, "activity_lines": [ 18.10595, 17.67362, 17.616099, 18.339622 ] }, { "date": "2024-12-20", "close": 17.783195, "volume": 850139, "typical_volume": 1264341.35, "trend": 19.24838, "fair_value": 23.478695, "relative_strength": -24.279895, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.619837, "energy": 15.262484, "activity_lines": [ 18.072095, 17.751899, 17.581596, 18.233918 ] }, { "date": "2024-12-27", "close": 17.837056, "volume": 444578, "typical_volume": 1255812.8, "trend": 19.087773, "fair_value": 23.394275, "relative_strength": -23.646694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.614795, "energy": 13.192448, "activity_lines": [ 18.026022, 17.815698, 17.567733, 18.142865 ] }, { "date": "2025-01-03", "close": 17.908871, "volume": 449472, "typical_volume": 1249995.3, "trend": 18.938109, "fair_value": 23.316064, "relative_strength": -22.044113, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.669303, "energy": 9.582877, "activity_lines": [ 17.96777, 17.885913, 17.575097, 18.066807 ] }, { "date": "2025-01-10", "close": 17.13686, "volume": 527207, "typical_volume": 1250630.7, "trend": 18.78516, "fair_value": 23.241173, "relative_strength": -23.147671, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.941764, "energy": 20.856768, "activity_lines": [ 17.655397, 17.786476, 17.523312, 17.950597 ] }, { "date": "2025-01-17", "close": 17.16379, "volume": 637499, "typical_volume": 1257067.4, "trend": 18.639755, "fair_value": 23.182039, "relative_strength": -24.416486, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.955245, "energy": 23.892939, "activity_lines": [ 17.436687, 17.677971, 17.494496, 17.845993 ] }, { "date": "2025-01-24", "close": 17.495935, "volume": 367338, "typical_volume": 1208454.0, "trend": 18.504554, "fair_value": 23.123752, "relative_strength": -23.438251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.296471, "energy": 22.963957, "activity_lines": [ 17.413348, 17.636258, 17.514081, 17.772198 ] }, { "date": "2025-01-31", "close": 17.16379, "volume": 559425, "typical_volume": 1165177.5, "trend": 18.375621, "fair_value": 23.054212, "relative_strength": -23.344051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.147402, "energy": 26.805921, "activity_lines": [ 17.298443, 17.531149, 17.496743, 17.685697 ] }, { "date": "2025-02-07", "close": 17.334351, "volume": 979200, "typical_volume": 1109627.95, "trend": 18.218563, "fair_value": 22.9832, "relative_strength": -21.660429, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.230875, "energy": 25.722802, "activity_lines": [ 17.285277, 17.459443, 17.49289, 17.618518 ] }, { "date": "2025-02-14", "close": 17.486958, "volume": 617282, "typical_volume": 1000791.75, "trend": 18.077862, "fair_value": 22.909555, "relative_strength": -21.260259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.137602, "energy": 20.973371, "activity_lines": [ 17.361282, 17.426806, 17.504478, 17.571318 ] }, { "date": "2025-02-21", "close": 17.630588, "volume": 629378, "typical_volume": 772041.5, "trend": 17.928367, "fair_value": 22.834408, "relative_strength": -18.521396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.995713, "energy": 13.499706, "activity_lines": [ 17.461823, 17.437014, 17.526185, 17.542461 ] }, { "date": "2025-02-28", "close": 17.334351, "volume": 1365955, "typical_volume": 786299.55, "trend": 17.80483, "fair_value": 22.769858, "relative_strength": -18.292272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.823421, "energy": 9.83869, "activity_lines": [ 17.432498, 17.407961, 17.517704, 17.504138 ] }, { "date": "2025-03-07", "close": 16.472571, "volume": 1169503, "typical_volume": 783505.9, "trend": 17.658635, "fair_value": 22.712328, "relative_strength": -19.128971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.272719, "energy": 24.170687, "activity_lines": [ 17.126686, 17.230382, 17.422929, 17.418186 ] }, { "date": "2025-03-14", "close": 15.72749, "volume": 795699, "typical_volume": 771892.35, "trend": 17.485293, "fair_value": 22.638333, "relative_strength": -20.267478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.838522, "energy": 55.479136, "activity_lines": [ 16.618595, 16.942143, 17.261952, 17.293596 ] }, { "date": "2025-03-21", "close": 15.808282, "volume": 909995, "typical_volume": 772731.05, "trend": 17.298173, "fair_value": 22.558774, "relative_strength": -19.579677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.430636, "energy": 67.051145, "activity_lines": [ 16.244558, 16.708255, 17.111387, 17.185401 ] }, { "date": "2025-03-28", "close": 15.46716, "volume": 746202, "typical_volume": 761088.05, "trend": 17.124244, "fair_value": 22.474177, "relative_strength": -19.344131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.840697, "energy": 72.611691, "activity_lines": [ 15.868726, 16.4365, 16.931003, 17.067271 ] }, { "date": "2025-04-04", "close": 13.608947, "volume": 1417877, "typical_volume": 797274.85, "trend": 17.031708, "fair_value": 22.382469, "relative_strength": -21.131552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.787261, "energy": 84.147379, "activity_lines": [ 15.017718, 15.857736, 16.583403, 16.840478 ] }, { "date": "2025-04-11", "close": 12.172646, "volume": 2067370, "typical_volume": 864972.6, "trend": 16.884649, "fair_value": 22.27081, "relative_strength": -32.485661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.024488, "energy": 92.207384, "activity_lines": [ 13.936303, 15.088499, 16.116734, 16.52699 ] }, { "date": "2025-04-18", "close": 11.984132, "volume": 1377220, "typical_volume": 903274.85, "trend": 16.699962, "fair_value": 22.166144, "relative_strength": -31.727276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.397212, "energy": 93.831711, "activity_lines": [ 13.078712, 14.375735, 15.656505, 16.210828 ] }, { "date": "2025-04-25", "close": 12.848636, "volume": 1245677, "typical_volume": 898379.8, "trend": 16.570271, "fair_value": 22.075989, "relative_strength": -29.16792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.595162, "energy": 86.955213, "activity_lines": [ 12.758847, 13.917431, 15.307052, 15.962355 ] }, { "date": "2025-05-02", "close": 13.225996, "volume": 972280, "typical_volume": 906464.8, "trend": 16.437274, "fair_value": 21.992137, "relative_strength": -28.29178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.846904, "energy": 82.793164, "activity_lines": [ 12.762077, 13.61207, 15.020008, 15.746595 ] }, { "date": "2025-05-09", "close": 14.008327, "volume": 825768, "typical_volume": 905246.25, "trend": 16.355946, "fair_value": 21.918289, "relative_strength": -22.863209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.370478, "energy": 56.527653, "activity_lines": [ 13.175496, 13.529034, 14.83227, 15.589889 ] }, { "date": "2025-05-16", "close": 15.968756, "volume": 1319867, "typical_volume": 949010.7, "trend": 16.305845, "fair_value": 21.864153, "relative_strength": -15.572329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.652021, "energy": 26.799158, "activity_lines": [ 14.215765, 13.862914, 14.849214, 15.564909 ] }, { "date": "2025-05-23", "close": 15.453338, "volume": 928734, "typical_volume": 972973.8, "trend": 16.277683, "fair_value": 21.788153, "relative_strength": -15.28449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.490949, "energy": 26.452413, "activity_lines": [ 14.831155, 14.112241, 14.825968, 15.509909 ] }, { "date": "2025-05-30", "close": 14.910309, "volume": 1046773, "typical_volume": 998952.1, "trend": 16.229068, "fair_value": 21.7186, "relative_strength": -18.784312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.452438, "energy": 26.963215, "activity_lines": [ 15.034254, 14.267821, 14.762698, 15.421691 ] }, { "date": "2025-06-06", "close": 14.376483, "volume": 1086991, "typical_volume": 1021426.7, "trend": 16.12442, "fair_value": 21.649184, "relative_strength": -22.077247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.924366, "energy": 25.06656, "activity_lines": [ 14.921967, 14.342668, 14.65919, 15.302169 ] }, { "date": "2025-06-13", "close": 13.978414, "volume": 901604, "typical_volume": 1048140.0, "trend": 16.012681, "fair_value": 21.581722, "relative_strength": -23.141535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.44298, "energy": 18.891549, "activity_lines": [ 14.600291, 14.364969, 14.531044, 15.163717 ] }, { "date": "2025-06-20", "close": 14.176089, "volume": 840044, "typical_volume": 1062170.95, "trend": 15.908707, "fair_value": 21.514025, "relative_strength": -21.126557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.191265, "energy": 26.195643, "activity_lines": [ 14.3465, 14.416494, 14.438473, 15.045228 ] }, { "date": "2025-06-27", "close": 14.562025, "volume": 900915, "typical_volume": 1058256.7, "trend": 15.795537, "fair_value": 21.456651, "relative_strength": -20.871725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.195015, "energy": 23.374261, "activity_lines": [ 14.340867, 14.501762, 14.396886, 14.958345 ] }, { "date": "2025-07-04", "close": 15.522158, "volume": 710646, "typical_volume": 1062924.9, "trend": 15.699371, "fair_value": 21.4033, "relative_strength": -16.331777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.56802, "energy": 12.236957, "activity_lines": [ 14.714698, 14.71473, 14.459942, 14.940708 ] }, { "date": "2025-07-11", "close": 15.870442, "volume": 709390, "typical_volume": 1066925.5, "trend": 15.613932, "fair_value": 21.346658, "relative_strength": -13.409733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.743912, "energy": 11.485045, "activity_lines": [ 15.163834, 14.942412, 14.565523, 14.951744 ] }, { "date": "2025-07-18", "close": 15.239766, "volume": 566532, "typical_volume": 1026954.35, "trend": 15.529151, "fair_value": 21.274637, "relative_strength": -16.515067, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.532446, "energy": 22.387282, "activity_lines": [ 15.303147, 15.007345, 14.619422, 14.927605 ] }, { "date": "2025-07-25", "close": 15.766898, "volume": 469321, "typical_volume": 991945.25, "trend": 15.460145, "fair_value": 21.211082, "relative_strength": -13.986698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.725998, "energy": 38.715185, "activity_lines": [ 15.534081, 15.14573, 14.733498, 14.942943 ] }, { "date": "2025-08-01", "close": 14.213741, "volume": 541323, "typical_volume": 979226.45, "trend": 15.336974, "fair_value": 21.128172, "relative_strength": -19.62219, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.020748, "energy": 15.079001, "activity_lines": [ 15.141242, 15.005394, 14.703015, 14.86253 ] }, { "date": "2025-08-08", "close": 14.543199, "volume": 527145, "typical_volume": 960083.95, "trend": 15.250519, "fair_value": 21.047229, "relative_strength": -18.832782, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.693861, "energy": 13.35421, "activity_lines": [ 14.881442, 14.947497, 14.711117, 14.811319 ] }, { "date": "2025-08-15", "close": 15.013852, "volume": 680079, "typical_volume": 956777.8, "trend": 15.178854, "fair_value": 20.97279, "relative_strength": -16.167585, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.347214, "energy": 13.510599, "activity_lines": [ 14.843789, 14.981848, 14.770068, 14.79605 ] }, { "date": "2025-08-22", "close": 16.341096, "volume": 723628, "typical_volume": 922065.35, "trend": 15.14036, "fair_value": 20.916937, "relative_strength": -8.179946, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.414153, "energy": 15.527054, "activity_lines": [ 15.305658, 15.245927, 14.957581, 14.871033 ] }, { "date": "2025-08-29", "close": 17.197685, "volume": 977078, "typical_volume": 867550.75, "trend": 15.14149, "fair_value": 20.872389, "relative_strength": -2.615426, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.322702, "energy": 53.378119, "activity_lines": [ 15.979634, 15.622793, 15.213664, 15.003764 ] }, { "date": "2025-09-05", "close": 18.327254, "volume": 904630, "typical_volume": 843921.25, "trend": 15.174586, "fair_value": 20.834326, "relative_strength": 3.603215, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 82.728671, "energy": 82.176131, "activity_lines": [ 16.934747, 16.150096, 15.553396, 15.209297 ] }, { "date": "2025-09-12", "close": 18.975529, "volume": 842531, "typical_volume": 823763.95, "trend": 15.224205, "fair_value": 20.809288, "relative_strength": 5.683704, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.154633, "energy": 90.652388, "activity_lines": [ 17.831717, 16.726808, 15.924663, 15.454519 ] }, { "date": "2025-09-19", "close": 18.678437, "volume": 868927, "typical_volume": 818596.3, "trend": 15.259134, "fair_value": 20.787639, "relative_strength": 2.981671, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.53357, "energy": 89.39857, "activity_lines": [ 18.334169, 17.186716, 16.23846, 15.677373 ] }, { "date": "2025-09-26", "close": 18.093837, "volume": 683535, "typical_volume": 811484.65, "trend": 15.28445, "fair_value": 20.765526, "relative_strength": 0.20459, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.132501, "energy": 84.903994, "activity_lines": [ 18.397448, 17.489278, 16.470617, 15.860257 ] }, { "date": "2025-10-03", "close": 18.774273, "volume": 689756, "typical_volume": 779979.1, "trend": 15.361173, "fair_value": 20.73567, "relative_strength": 2.995731, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.843383, "energy": 82.846573, "activity_lines": [ 18.570689, 17.863663, 16.748122, 16.085407 ] }, { "date": "2025-10-10", "close": 16.550878, "volume": 593105, "typical_volume": 763197.65, "trend": 15.38862, "fair_value": 20.692101, "relative_strength": -6.728262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.388668, "energy": 47.146467, "activity_lines": [ 17.897693, 17.779116, 16.800516, 16.162162 ] }, { "date": "2025-10-17", "close": 17.125894, "volume": 479118, "typical_volume": 734814.9, "trend": 15.43254, "fair_value": 20.649179, "relative_strength": -4.83825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.841856, "energy": 31.75099, "activity_lines": [ 17.534794, 17.756623, 16.902447, 16.274244 ] }, { "date": "2025-10-24", "close": 18.045919, "volume": 484779, "typical_volume": 704704.3, "trend": 15.518499, "fair_value": 20.602305, "relative_strength": -1.501299, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.958013, "energy": 30.24962, "activity_lines": [ 17.601879, 17.854449, 17.081449, 16.442849 ] }, { "date": "2025-10-31", "close": 17.451736, "volume": 510832, "typical_volume": 685165.7, "trend": 15.646591, "fair_value": 20.550152, "relative_strength": -5.185382, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.251489, "energy": 23.10844, "activity_lines": [ 17.513071, 17.789114, 17.186389, 16.567574 ] }, { "date": "2025-11-07", "close": 17.260064, "volume": 530926, "typical_volume": 669709.8, "trend": 15.816172, "fair_value": 20.489713, "relative_strength": -4.410334, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.749318, "energy": 21.908443, "activity_lines": [ 17.403179, 17.668736, 17.256535, 16.671669 ] }, { "date": "2025-11-14", "close": 17.902165, "volume": 414932, "typical_volume": 645410.65, "trend": 16.01344, "fair_value": 20.434174, "relative_strength": -0.761709, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.744336, "energy": 26.782776, "activity_lines": [ 17.608268, 17.663969, 17.373147, 16.80625 ] }, { "date": "2025-11-21", "close": 18.438847, "volume": 780584, "typical_volume": 648907.55, "trend": 16.19978, "fair_value": 20.401776, "relative_strength": 4.319853, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.82934, "energy": 34.756499, "activity_lines": [ 17.902165, 17.76451, 17.524967, 16.962727 ] }, { "date": "2025-11-28", "close": 20.068059, "volume": 587986, "typical_volume": 642837.35, "trend": 16.427849, "fair_value": 20.37481, "relative_strength": 9.552799, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.821146, "energy": 56.376049, "activity_lines": [ 18.651603, 18.171029, 17.81806, 17.212294 ] }, { "date": "2025-12-05", "close": 20.480154, "volume": 891637, "typical_volume": 659092.6, "trend": 16.643577, "fair_value": 20.352714, "relative_strength": 11.490073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.278628, "energy": 81.395502, "activity_lines": [ 19.403596, 18.627208, 18.130413, 17.473733 ] }, { "date": "2025-12-12", "close": 20.936009, "volume": 861865, "typical_volume": 678719.8, "trend": 16.809152, "fair_value": 20.332402, "relative_strength": 14.64258, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.124888, "energy": 87.427053, "activity_lines": [ 20.105646, 19.122883, 18.461225, 17.750664 ] }, { "date": "2025-12-19", "close": 20.526645, "volume": 951215, "typical_volume": 699214.4, "trend": 16.978262, "fair_value": 20.311942, "relative_strength": 12.287444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.784617, "energy": 83.702679, "activity_lines": [ 20.426179, 19.504823, 18.728436, 17.990502 ] }, { "date": "2025-12-26", "close": 20.351204, "volume": 419046, "typical_volume": 693809.45, "trend": 17.159625, "fair_value": 20.28263, "relative_strength": 9.8268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.123065, "energy": 79.823628, "activity_lines": [ 20.513266, 19.782579, 18.948877, 18.208111 ] }, { "date": "2026-01-02", "close": 20.477912, "volume": 490386, "typical_volume": 684324.8, "trend": 17.363006, "fair_value": 20.24219, "relative_strength": 11.716261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.71085, "energy": 62.497168, "activity_lines": [ 20.515099, 20.02473, 19.153728, 18.422194 ] }, { "date": "2026-01-09", "close": 22.086125, "volume": 702079, "typical_volume": 683247.35, "trend": 17.633263, "fair_value": 20.205471, "relative_strength": 18.431686, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.424008, "energy": 65.700548, "activity_lines": [ 21.025679, 20.515065, 19.485722, 18.726912 ] }, { "date": "2026-01-16", "close": 22.212832, "volume": 739421, "typical_volume": 671364.5, "trend": 17.901155, "fair_value": 20.176697, "relative_strength": 19.265218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.316909, "energy": 70.939048, "activity_lines": [ 21.47143, 20.944177, 19.802427, 19.022368 ] }, { "date": "2026-01-23", "close": 21.92043, "volume": 530251, "typical_volume": 652645.55, "trend": 18.146435, "fair_value": 20.14704, "relative_strength": 17.883769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.461962, "energy": 69.691265, "activity_lines": [ 21.734592, 21.230074, 20.067403, 19.281676 ] }, { "date": "2026-01-30", "close": 22.222579, "volume": 734839, "typical_volume": 647260.95, "trend": 18.369782, "fair_value": 20.107083, "relative_strength": 18.759382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.627894, "energy": 77.672115, "activity_lines": [ 22.005552, 21.497848, 20.344044, 19.544653 ] }, { "date": "2026-02-06", "close": 23.879526, "volume": 917307, "typical_volume": 649679.95, "trend": 18.636751, "fair_value": 20.089985, "relative_strength": 27.37587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.493032, "energy": 81.66994, "activity_lines": [ 22.704068, 21.99809, 20.763027, 19.90012 ] }, { "date": "2026-02-13", "close": 23.743071, "volume": 612477, "typical_volume": 646127.05, "trend": 18.920195, "fair_value": 20.070624, "relative_strength": 27.769914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.760911, "energy": 76.492269, "activity_lines": [ 23.130326, 22.404223, 21.144248, 20.22956 ] }, { "date": "2026-02-20", "close": 25.156349, "volume": 535025, "typical_volume": 638390.5, "trend": 19.233177, "fair_value": 20.062354, "relative_strength": 33.232059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.560216, "energy": 87.896116, "activity_lines": [ 23.917213, 23.007989, 21.633165, 20.631893 ] }, { "date": "2026-02-27", "close": 24.318129, "volume": 545124, "typical_volume": 635991.45, "trend": 19.56999, "fair_value": 20.04455, "relative_strength": 28.901416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.769111, "energy": 84.685021, "activity_lines": [ 24.228459, 23.382619, 22.011861, 20.959954 ] }, { "date": "2026-03-06", "close": 23.021812, "volume": 519140, "typical_volume": 637992.55, "trend": 19.85261, "fair_value": 20.020912, "relative_strength": 24.040297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.214203, "energy": 62.505394, "activity_lines": [ 23.947753, 23.452618, 22.230112, 21.182653 ] }, { "date": "2026-03-13", "close": 22.553968, "volume": 548875, "typical_volume": 641197.35, "trend": 20.103947, "fair_value": 20.001113, "relative_strength": 22.875897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.099799, "energy": 52.356848, "activity_lines": [ 23.457816, 23.388998, 22.37573, 21.356934 ] }, { "date": "2026-03-20", "close": 23.411682, "volume": 1223193, "typical_volume": 676815.4, "trend": 20.339633, "fair_value": 20.013563, "relative_strength": 29.194629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.830997, "energy": 36.684457, "activity_lines": [ 23.342155, 23.44358, 22.581568, 21.570336 ] }, { "date": "2026-03-27", "close": 23.440922, "volume": 1054554, "typical_volume": 702996.8, "trend": 20.547741, "fair_value": 20.021297, "relative_strength": 31.512228, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.719658, "energy": 28.159834, "activity_lines": [ 23.258333, 23.479377, 22.76181, 21.770419 ] }, { "date": "2026-04-03", "close": 23.50915, "volume": 666267, "typical_volume": 715563.55, "trend": 20.720471, "fair_value": 20.042668, "relative_strength": 26.776608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.173105, "energy": 27.526051, "activity_lines": [ 23.311615, 23.505251, 22.919118, 21.961478 ] }, { "date": "2026-04-10", "close": 26.446557, "volume": 769728, "typical_volume": 715020.75, "trend": 20.969506, "fair_value": 20.075628, "relative_strength": 36.187768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.579985, "energy": 53.170207, "activity_lines": [ 24.397966, 24.036312, 23.329479, 22.330903 ] }, { "date": "2026-04-17", "close": 28.09823, "volume": 764464, "typical_volume": 723844.65, "trend": 21.283499, "fair_value": 20.116416, "relative_strength": 36.918177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.851454, "energy": 80.054033, "activity_lines": [ 25.806557, 24.790878, 23.859009, 22.79082 ] }, { "date": "2026-04-24", "close": 27.425693, "volume": 630023, "typical_volume": 710763.95, "trend": 21.59456, "fair_value": 20.158778, "relative_strength": 31.632145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.660814, "energy": 84.816019, "activity_lines": [ 26.621352, 25.346461, 24.28625, 23.187091 ] }, { "date": "2026-05-01", "close": 27.148765, "volume": 621614, "typical_volume": 698751.4, "trend": 21.87371, "fair_value": 20.200094, "relative_strength": 27.903971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.936348, "energy": 84.333593, "activity_lines": [ 27.076237, 25.784737, 24.654043, 23.545427 ] }, { "date": "2026-05-08", "close": 27.70262, "volume": 507355, "typical_volume": 676558.4, "trend": 22.245435, "fair_value": 20.245638, "relative_strength": 26.482555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.582053, "energy": 85.274914, "activity_lines": [ 27.46855, 26.287488, 25.044999, 23.921485 ] }, { "date": "2026-05-15", "close": 26.674033, "volume": 723206, "typical_volume": 691766.4, "trend": 22.563706, "fair_value": 20.283338, "relative_strength": 20.834135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.885564, "energy": 57.489184, "activity_lines": [ 27.238437, 26.541686, 25.303824, 24.207201 ] }, { "date": "2026-05-22", "close": 28.137791, "volume": 747051, "typical_volume": 704599.65, "trend": 22.900102, "fair_value": 20.327817, "relative_strength": 25.490637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.588539, "energy": 57.54679, "activity_lines": [ 27.481078, 26.995619, 25.671945, 24.56682 ] }, { "date": "2026-05-29", "close": 37.859918, "volume": 2044166, "typical_volume": 771704.0, "trend": 23.580375, "fair_value": 20.431179, "relative_strength": 63.867214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.079521, "energy": 81.288468, "activity_lines": [ 30.961791, 29.115687, 26.929507, 25.531969 ] }, { "date": "2026-06-05", "close": 36.851111, "volume": 1446355, "typical_volume": 807050.7, "trend": 24.23341, "fair_value": 20.522872, "relative_strength": 60.990048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.963679, "energy": 94.093149, "activity_lines": [ 33.410619, 30.78964, 28.015879, 26.388146 ] }, { "date": "2026-06-12", "close": 38.68, "volume": 1831246, "typical_volume": 872100.45, "trend": 24.926004, "fair_value": 20.631724, "relative_strength": 65.110927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.170353, "energy": 95.726565, "activity_lines": [ 35.822254, 32.552297, 29.206725, 27.320184 ] }, { "date": "2026-06-19", "close": 38.46, "volume": 1477133, "typical_volume": 909215.15, "trend": 25.593376, "fair_value": 20.737319, "relative_strength": 59.998896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.532698, "energy": 91.94894, "activity_lines": [ 37.428731, 33.99912, 30.296811, 28.193345 ] }, { "date": "2026-06-26", "close": 39.58, "volume": 1658722, "typical_volume": 946285.9, "trend": 26.243774, "fair_value": 20.84946, "relative_strength": 65.663655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.029175, "energy": 91.784849, "activity_lines": [ 38.622809, 35.431154, 31.416243, 29.095708 ] }, { "date": "2026-07-03", "close": 37.61, "volume": 1007633, "typical_volume": 966043.7, "trend": 26.814769, "fair_value": 20.951241, "relative_strength": 51.817878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.094797, "energy": 77.497731, "activity_lines": [ 38.397407, 36.296246, 32.273292, 29.829013 ] }, { "date": "2026-07-10", "close": 38.53, "volume": 1043186, "typical_volume": 991451.75, "trend": 27.401235, "fair_value": 21.055279, "relative_strength": 51.223852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.84129, "energy": 66.642261, "activity_lines": [ 38.495333, 37.143442, 33.151926, 30.584834 ] }, { "date": "2026-07-17", "close": 38.65, "volume": 1005920, "typical_volume": 1014491.55, "trend": 28.005347, "fair_value": 21.156973, "relative_strength": 51.701905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.813649, "energy": 65.011818, "activity_lines": [ 38.521333, 37.805524, 33.978306, 31.310561 ] }, { "date": "2026-07-24", "close": 36.51, "volume": 936951, "typical_volume": 1035382.1, "trend": 28.543973, "fair_value": 21.240306, "relative_strength": 42.202214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.42002, "energy": 51.956759, "activity_lines": [ 37.836, 37.879472, 34.532628, 31.859248 ] }, { "date": "2026-07-31", "close": 38.18, "volume": 784663, "typical_volume": 1047171.5, "trend": 29.134043, "fair_value": 21.337721, "relative_strength": 44.849937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.065479, "energy": 48.524715, "activity_lines": [ 37.837333, 38.078221, 35.181769, 32.480927 ] }, { "date": "2026-08-07", "close": 37.84, "volume": 946843, "typical_volume": 1033354.0, "trend": 29.659172, "fair_value": 21.431162, "relative_strength": 36.76276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.79981, "energy": 41.784764, "activity_lines": [ 37.818667, 38.032566, 35.724119, 33.042602 ] } ], "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." } } }