{ "ticker": { "uuid": "f44fc9a2-dc14-43e2-a540-a1bb24738bf1", "symbol": "APAM", "name": "Aperam S.A.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 36.569, "architecture_energy": 25.955, "architecture_maturity": 39.236, "architecture_confidence": 73.58, "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": 52.9, "rotation_up": 37.28, "upward_expansion": 58.55, "deceleration": 69.78, "rotation_down": 21.06, "downward_expansion": 13.22 }, "activity_lines": [ 46.653334, 46.364909, 46.536963, 44.803955 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 46.240002, "trend_reference": 42.564161, "distance_from_trend": 0.08636, "trend_direction": "Improving", "fair_value": 28.487712, "distance_from_fair_value": 0.623156, "fair_value_direction": "Weakening", "relative_strength": 7.577609, "relative_strength_direction": "Weakening", "price_momentum": 0.14171, "excess_performance": 0.017279, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08636, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.127371, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.623156, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.178552, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.075776, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.293172, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.14171, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.327933, "read": "Demand-led" } ], "volume": { "latest": 11861, "relative_activity": 1.333626, "balance": 1.327933, "dry_up": 1.311222, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.080264, "annualized_volatility": 0.53511, "from_high_reference": -0.122581, "from_low_reference": 0.877896 }, "levels": { "trend_reference": 42.564161, "fair_value_reference": 28.487712, "structural_low": 31.096882, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.038103, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": -0.019237, "regime_survival": 0.583333, "best_return": 0.216926, "worst_return": -0.072424, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.012696, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.014162, "regime_survival": 0.0, "best_return": 0.26896, "worst_return": -0.144971, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.004893, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.065309, "regime_survival": 0.0, "best_return": 0.31124, "worst_return": -0.160996, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.020887, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.179768, "regime_survival": 0.5, "best_return": 0.712229, "worst_return": -0.388285, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-01-19", "tenure": "New", "return": -0.142814, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-26", "end": "2024-04-12", "tenure": "Developing", "return": 0.003238, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-05-17", "tenure": "Developing", "return": 0.009862, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-24", "end": "2024-08-23", "tenure": "Established", "return": 0.002138, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-11-15", "tenure": "Developing", "return": 0.108709, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.104626, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": 0.132549, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.12818, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.100114, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-09-26", "tenure": "Established", "return": 0.068622, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2026-03-20", "tenure": "Established", "return": 0.092754, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.205674, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-03", "tenure": "Developing", "return": 0.003729, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.063967, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.474743, "volume": 17799, "typical_volume": 6477.2, "trend": 25.93588, "fair_value": 27.692618, "relative_strength": -16.421258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.033, "energy": 64.850073, "activity_lines": [ 22.227706, 22.807895, 24.005861, 24.802455 ] }, { "date": "2023-08-25", "close": 21.03496, "volume": 5660, "typical_volume": 6484.85, "trend": 25.656407, "fair_value": 27.713582, "relative_strength": -18.508527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.150999, "energy": 69.995411, "activity_lines": [ 21.714797, 22.371335, 23.647811, 24.486267 ] }, { "date": "2023-09-01", "close": 21.814955, "volume": 5719, "typical_volume": 6360.35, "trend": 25.434058, "fair_value": 27.738183, "relative_strength": -16.32861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.895483, "energy": 61.214337, "activity_lines": [ 21.641129, 22.173734, 23.381497, 24.238431 ] }, { "date": "2023-09-08", "close": 22.470482, "volume": 6427, "typical_volume": 6390.75, "trend": 25.299498, "fair_value": 27.771711, "relative_strength": -12.92467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.932759, "energy": 48.955684, "activity_lines": [ 21.870336, 22.157554, 23.197729, 24.047233 ] }, { "date": "2023-09-15", "close": 23.067921, "volume": 3582, "typical_volume": 6319.45, "trend": 25.073284, "fair_value": 27.803936, "relative_strength": -12.28783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.853258, "energy": 36.290917, "activity_lines": [ 22.280737, 22.266566, 23.086973, 23.90326 ] }, { "date": "2023-09-22", "close": 22.32942, "volume": 2637, "typical_volume": 6282.4, "trend": 24.853577, "fair_value": 27.843781, "relative_strength": -14.565832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.61353, "energy": 27.839852, "activity_lines": [ 22.399673, 22.236352, 22.9224, 23.726237 ] }, { "date": "2023-09-29", "close": 22.943455, "volume": 23168, "typical_volume": 6976.6, "trend": 24.607918, "fair_value": 27.879705, "relative_strength": -11.439895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.901693, "energy": 19.948575, "activity_lines": [ 22.666309, 22.342686, 22.83882, 23.603003 ] }, { "date": "2023-10-06", "close": 22.976648, "volume": 5942, "typical_volume": 7033.1, "trend": 24.410412, "fair_value": 27.909982, "relative_strength": -9.397042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.982139, "energy": 18.778801, "activity_lines": [ 22.816776, 22.46924, 22.777623, 23.49776 ] }, { "date": "2023-10-13", "close": 22.85218, "volume": 11629, "typical_volume": 7512.1, "trend": 24.288148, "fair_value": 27.939097, "relative_strength": -9.735223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.967868, "energy": 15.574018, "activity_lines": [ 22.848308, 22.575051, 22.72259, 23.397229 ] }, { "date": "2023-10-20", "close": 21.159426, "volume": 7872, "typical_volume": 7662.65, "trend": 24.129508, "fair_value": 27.959133, "relative_strength": -14.360134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.048839, "energy": 30.058372, "activity_lines": [ 22.290142, 22.361251, 22.522199, 23.195376 ] }, { "date": "2023-10-27", "close": 20.661556, "volume": 3527, "typical_volume": 7795.1, "trend": 23.906691, "fair_value": 27.987061, "relative_strength": -15.14881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.678913, "energy": 40.697921, "activity_lines": [ 21.693252, 22.079276, 22.294783, 22.971637 ] }, { "date": "2023-11-03", "close": 22.951754, "volume": 5857, "typical_volume": 7802.4, "trend": 23.848427, "fair_value": 28.01359, "relative_strength": -9.358958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.197773, "energy": 29.995745, "activity_lines": [ 21.970952, 22.228486, 22.310801, 22.910028 ] }, { "date": "2023-11-10", "close": 22.370907, "volume": 11367, "typical_volume": 8334.1, "trend": 23.72616, "fair_value": 28.018148, "relative_strength": -12.086593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.805643, "energy": 28.958468, "activity_lines": [ 22.054483, 22.237237, 22.287814, 22.814704 ] }, { "date": "2023-11-17", "close": 22.827456, "volume": 3944, "typical_volume": 7633.5, "trend": 23.625259, "fair_value": 28.019962, "relative_strength": -13.60104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.759131, "energy": 15.802237, "activity_lines": [ 22.330581, 22.318888, 22.321959, 22.756723 ] }, { "date": "2023-11-24", "close": 24.941111, "volume": 9923, "typical_volume": 7698.0, "trend": 23.572092, "fair_value": 28.026982, "relative_strength": -7.15414, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.196173, "energy": 18.023773, "activity_lines": [ 23.312878, 22.778349, 22.560045, 22.841617 ] }, { "date": "2023-12-01", "close": 26.099394, "volume": 10050, "typical_volume": 8023.35, "trend": 23.54016, "fair_value": 28.039998, "relative_strength": -4.619147, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.383401, "energy": 49.087905, "activity_lines": [ 24.429157, 23.41435, 22.898226, 23.004669 ] }, { "date": "2023-12-08", "close": 26.327665, "volume": 2590, "typical_volume": 8026.85, "trend": 23.518412, "fair_value": 28.060378, "relative_strength": -4.357859, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.296075, "energy": 65.307934, "activity_lines": [ 25.259004, 24.023309, 23.246718, 23.184508 ] }, { "date": "2023-12-15", "close": 27.900227, "volume": 12646, "typical_volume": 8144.85, "trend": 23.556409, "fair_value": 28.073367, "relative_strength": 2.616201, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.489536, "energy": 74.767936, "activity_lines": [ 26.387977, 24.856658, 23.732577, 23.467205 ] }, { "date": "2023-12-22", "close": 27.883316, "volume": 3555, "typical_volume": 7905.1, "trend": 23.613111, "fair_value": 28.094499, "relative_strength": 2.443487, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.740406, "energy": 82.810819, "activity_lines": [ 27.142692, 25.597412, 24.193874, 23.746361 ] }, { "date": "2023-12-29", "close": 27.883316, "volume": 614, "typical_volume": 7725.4, "trend": 23.694508, "fair_value": 28.115816, "relative_strength": 2.588298, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.347342, "energy": 81.488133, "activity_lines": [ 27.56035, 26.246691, 24.628114, 24.021858 ] }, { "date": "2024-01-05", "close": 25.53293, "volume": 4250, "typical_volume": 7047.95, "trend": 23.679648, "fair_value": 28.103304, "relative_strength": -6.386036, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.86757, "energy": 61.855021, "activity_lines": [ 26.998399, 26.346375, 24.812341, 24.140466 ] }, { "date": "2024-01-12", "close": 23.901196, "volume": 4513, "typical_volume": 6990.6, "trend": 23.597099, "fair_value": 28.092595, "relative_strength": -11.292142, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.635765, "energy": 31.996979, "activity_lines": [ 25.9303, 26.060809, 24.82184, 24.154759 ] }, { "date": "2024-01-19", "close": 23.901196, "volume": 1103, "typical_volume": 6759.8, "trend": 23.552543, "fair_value": 28.077875, "relative_strength": -8.710364, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.734594, "energy": 21.523544, "activity_lines": [ 25.023967, 25.75798, 24.817691, 24.174378 ] }, { "date": "2024-01-26", "close": 25.203203, "volume": 4708, "typical_volume": 6673.85, "trend": 23.61326, "fair_value": 28.071731, "relative_strength": -4.001939, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.712356, "energy": 25.87207, "activity_lines": [ 24.818238, 25.664057, 24.927607, 24.280873 ] }, { "date": "2024-02-02", "close": 24.256283, "volume": 2573, "typical_volume": 6623.4, "trend": 23.661953, "fair_value": 28.063713, "relative_strength": -8.312855, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.426131, "energy": 24.244683, "activity_lines": [ 24.475542, 25.354771, 24.934328, 24.322358 ] }, { "date": "2024-02-09", "close": 26.632032, "volume": 5750, "typical_volume": 6779.05, "trend": 23.759714, "fair_value": 28.072398, "relative_strength": 2.517039, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.386752, "energy": 21.652431, "activity_lines": [ 25.166566, 25.489891, 25.161652, 24.513976 ] }, { "date": "2024-02-16", "close": 26.116302, "volume": 5109, "typical_volume": 5876.1, "trend": 23.839471, "fair_value": 28.080682, "relative_strength": 1.047961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.491132, "energy": 26.465713, "activity_lines": [ 25.612406, 25.521558, 25.31937, 24.666014 ] }, { "date": "2024-02-23", "close": 24.273193, "volume": 4169, "typical_volume": 5787.45, "trend": 23.879229, "fair_value": 28.076783, "relative_strength": -7.840757, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.448899, "energy": 14.435697, "activity_lines": [ 25.296203, 25.221956, 25.286445, 24.693996 ] }, { "date": "2024-03-01", "close": 23.873405, "volume": 6835, "typical_volume": 5547.75, "trend": 23.934969, "fair_value": 28.068795, "relative_strength": -8.200944, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.771442, "energy": 7.016591, "activity_lines": [ 24.821937, 24.915613, 25.209271, 24.69362 ] }, { "date": "2024-03-08", "close": 22.470608, "volume": 8157, "typical_volume": 5562.0, "trend": 23.937708, "fair_value": 28.045282, "relative_strength": -15.025998, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -11.170435, "energy": 18.221612, "activity_lines": [ 23.968725, 24.427122, 24.993634, 24.599145 ] }, { "date": "2024-03-15", "close": 23.968073, "volume": 2095, "typical_volume": 5490.4, "trend": 24.020819, "fair_value": 28.027309, "relative_strength": -11.344006, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.315217, "energy": 30.196031, "activity_lines": [ 23.733713, 24.309311, 24.91437, 24.601104 ] }, { "date": "2024-03-22", "close": 25.310629, "volume": 6290, "typical_volume": 5512.05, "trend": 24.163341, "fair_value": 28.013136, "relative_strength": -8.896082, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -5.93899, "energy": 21.790344, "activity_lines": [ 24.123818, 24.464053, 24.947222, 24.684318 ] }, { "date": "2024-03-29", "close": 25.069654, "volume": 1292, "typical_volume": 5008.3, "trend": 24.271831, "fair_value": 27.9872, "relative_strength": -10.360001, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.041879, "energy": 11.069688, "activity_lines": [ 24.487308, 24.549355, 24.945892, 24.74279 ] }, { "date": "2024-04-05", "close": 25.370869, "volume": 2430, "typical_volume": 4932.6, "trend": 24.368511, "fair_value": 27.950783, "relative_strength": -7.734344, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.283022, "energy": 20.557263, "activity_lines": [ 24.898107, 24.668178, 24.960397, 24.813695 ] }, { "date": "2024-04-12", "close": 25.284809, "volume": 5512, "typical_volume": 4712.05, "trend": 24.442407, "fair_value": 27.910828, "relative_strength": -5.769697, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.975606, "energy": 25.393304, "activity_lines": [ 25.180388, 24.768307, 24.954595, 24.872811 ] }, { "date": "2024-04-19", "close": 23.477524, "volume": 22174, "typical_volume": 5318.25, "trend": 24.480677, "fair_value": 27.858262, "relative_strength": -12.485887, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.011941, "energy": 6.586388, "activity_lines": [ 24.672627, 24.521137, 24.775034, 24.810561 ] }, { "date": "2024-04-26", "close": 23.82177, "volume": 20020, "typical_volume": 6189.75, "trend": 24.509954, "fair_value": 27.811029, "relative_strength": -14.100497, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.724425, "energy": 11.083848, "activity_lines": [ 24.312318, 24.393912, 24.640744, 24.768051 ] }, { "date": "2024-05-03", "close": 22.599695, "volume": 34301, "typical_volume": 7272.5, "trend": 24.497389, "fair_value": 27.748123, "relative_strength": -15.684397, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.616072, "energy": 37.437067, "activity_lines": [ 23.643908, 24.08621, 24.401998, 24.644808 ] }, { "date": "2024-05-10", "close": 22.972536, "volume": 51113, "typical_volume": 9650.4, "trend": 24.501401, "fair_value": 27.678108, "relative_strength": -15.668574, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.092625, "energy": 44.383502, "activity_lines": [ 23.264442, 23.876725, 24.224001, 24.54643 ] }, { "date": "2024-05-17", "close": 23.709057, "volume": 21439, "typical_volume": 10691.65, "trend": 24.586389, "fair_value": 27.617758, "relative_strength": -14.133853, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.636421, "energy": 52.055623, "activity_lines": [ 23.290372, 23.817533, 24.139534, 24.495311 ] }, { "date": "2024-05-24", "close": 22.849777, "volume": 7838, "typical_volume": 10871.05, "trend": 24.65933, "fair_value": 27.554583, "relative_strength": -16.104019, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.37833, "energy": 55.228324, "activity_lines": [ 23.134925, 23.57959, 23.993108, 24.383272 ] }, { "date": "2024-05-31", "close": 23.147902, "volume": 9780, "typical_volume": 11134.4, "trend": 24.665868, "fair_value": 27.478583, "relative_strength": -15.11751, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.343997, "energy": 40.690953, "activity_lines": [ 23.120704, 23.416185, 23.887852, 24.285761 ] }, { "date": "2024-06-07", "close": 22.569201, "volume": 18436, "typical_volume": 12001.05, "trend": 24.672478, "fair_value": 27.402357, "relative_strength": -17.305305, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.979349, "energy": 36.388244, "activity_lines": [ 22.958506, 23.186883, 23.731069, 24.150492 ] }, { "date": "2024-06-14", "close": 21.552094, "volume": 15380, "typical_volume": 12534.65, "trend": 24.629966, "fair_value": 27.338067, "relative_strength": -17.526186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.001106, "energy": 52.834993, "activity_lines": [ 22.459306, 22.818116, 23.483761, 23.949177 ] }, { "date": "2024-06-21", "close": 21.657316, "volume": 9557, "typical_volume": 12883.85, "trend": 24.520506, "fair_value": 27.277794, "relative_strength": -16.912747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.698343, "energy": 56.641368, "activity_lines": [ 22.089876, 22.537912, 23.263861, 23.757393 ] }, { "date": "2024-06-28", "close": 21.236441, "volume": 18026, "typical_volume": 13497.65, "trend": 24.358407, "fair_value": 27.201594, "relative_strength": -17.534319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.004087, "energy": 63.819842, "activity_lines": [ 21.716937, 22.24714, 23.016253, 23.545518 ] }, { "date": "2024-07-05", "close": 23.007605, "volume": 8952, "typical_volume": 13689.8, "trend": 24.247739, "fair_value": 27.135806, "relative_strength": -11.028744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.928132, "energy": 46.307138, "activity_lines": [ 22.041942, 22.319145, 22.963021, 23.458369 ] }, { "date": "2024-07-12", "close": 22.919922, "volume": 5532, "typical_volume": 13757.95, "trend": 24.081728, "fair_value": 27.061122, "relative_strength": -12.818327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.047197, "energy": 32.240118, "activity_lines": [ 22.347072, 22.39001, 22.916241, 23.372703 ] }, { "date": "2024-07-19", "close": 21.499485, "volume": 8332, "typical_volume": 13832.8, "trend": 23.868934, "fair_value": 26.968577, "relative_strength": -16.648262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.907709, "energy": 35.775958, "activity_lines": [ 22.155342, 22.196792, 22.740626, 23.206107 ] }, { "date": "2024-07-26", "close": 22.04311, "volume": 17893, "typical_volume": 14319.6, "trend": 23.674261, "fair_value": 26.857529, "relative_strength": -14.852879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.081634, "energy": 23.734232, "activity_lines": [ 22.148327, 22.129197, 22.628089, 23.088312 ] }, { "date": "2024-08-02", "close": 21.657316, "volume": 16410, "typical_volume": 15035.35, "trend": 23.545073, "fair_value": 26.747304, "relative_strength": -12.230886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.341425, "energy": 34.687096, "activity_lines": [ 21.986995, 22.021749, 22.480845, 22.958187 ] }, { "date": "2024-08-09", "close": 22.744562, "volume": 5689, "typical_volume": 15005.3, "trend": 23.506519, "fair_value": 26.636139, "relative_strength": -7.3454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.10399, "energy": 26.857619, "activity_lines": [ 22.16002, 22.133662, 22.448153, 22.906541 ] }, { "date": "2024-08-16", "close": 22.326166, "volume": 5101, "typical_volume": 15195.75, "trend": 23.454018, "fair_value": 26.541155, "relative_strength": -11.429358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.065755, "energy": 21.354573, "activity_lines": [ 22.211115, 22.176836, 22.387832, 22.830389 ] }, { "date": "2024-08-23", "close": 22.898628, "volume": 2125, "typical_volume": 15180.5, "trend": 23.377199, "fair_value": 26.444619, "relative_strength": -11.639595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.192066, "energy": 13.653404, "activity_lines": [ 22.492615, 22.328514, 22.395096, 22.794557 ] }, { "date": "2024-08-30", "close": 22.683956, "volume": 3953, "typical_volume": 15102.55, "trend": 23.324788, "fair_value": 26.349174, "relative_strength": -13.186557, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.210656, "energy": 12.617061, "activity_lines": [ 22.609282, 22.416678, 22.393687, 22.749832 ] }, { "date": "2024-09-06", "close": 20.823444, "volume": 26129, "typical_volume": 15300.3, "trend": 23.131168, "fair_value": 26.239525, "relative_strength": -18.306932, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.566052, "energy": 27.635316, "activity_lines": [ 22.063055, 22.1479, 22.227472, 22.588455 ] }, { "date": "2024-09-13", "close": 21.431686, "volume": 24661, "typical_volume": 15532.35, "trend": 22.975014, "fair_value": 26.130643, "relative_strength": -18.211054, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.652247, "energy": 30.44464, "activity_lines": [ 21.775166, 21.997222, 22.131823, 22.478811 ] }, { "date": "2024-09-20", "close": 22.03993, "volume": 10308, "typical_volume": 14332.7, "trend": 22.900572, "fair_value": 26.040469, "relative_strength": -17.081435, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.583841, "energy": 35.158234, "activity_lines": [ 21.777551, 21.985786, 22.105484, 22.418483 ] }, { "date": "2024-09-27", "close": 24.150898, "volume": 25008, "typical_volume": 13027.45, "trend": 22.909822, "fair_value": 25.977688, "relative_strength": -10.452363, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.021609, "energy": 5.035652, "activity_lines": [ 22.502674, 22.374162, 22.282854, 22.499149 ] }, { "date": "2024-10-04", "close": 25.242163, "volume": 26459, "typical_volume": 13278.45, "trend": 23.002207, "fair_value": 25.923516, "relative_strength": -3.662684, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.048452, "energy": 41.238677, "activity_lines": [ 23.508068, 22.912743, 22.558544, 22.649623 ] }, { "date": "2024-10-11", "close": 23.005966, "volume": 7591, "typical_volume": 13266.1, "trend": 22.970137, "fair_value": 25.836971, "relative_strength": -12.268212, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.946437, "energy": 29.935932, "activity_lines": [ 23.597515, 22.986577, 22.613962, 22.649865 ] }, { "date": "2024-10-18", "close": 23.363758, "volume": 12809, "typical_volume": 13417.55, "trend": 22.905241, "fair_value": 25.75272, "relative_strength": -12.146733, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.451047, "energy": 37.912994, "activity_lines": [ 23.660725, 23.100944, 22.702711, 22.67526 ] }, { "date": "2024-10-25", "close": 22.469282, "volume": 11911, "typical_volume": 13091.3, "trend": 22.818562, "fair_value": 25.654666, "relative_strength": -14.398031, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.6945, "energy": 30.367167, "activity_lines": [ 23.296971, 23.041421, 22.705244, 22.647134 ] }, { "date": "2024-11-01", "close": 22.236721, "volume": 11452, "typical_volume": 12894.9, "trend": 22.714091, "fair_value": 25.55512, "relative_strength": -15.067114, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.704142, "energy": 6.617661, "activity_lines": [ 22.827073, 22.937012, 22.686105, 22.609595 ] }, { "date": "2024-11-08", "close": 24.329796, "volume": 38729, "typical_volume": 14353.5, "trend": 22.682257, "fair_value": 25.477463, "relative_strength": -4.4951, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.307591, "energy": 20.636953, "activity_lines": [ 23.182479, 23.225197, 22.863045, 22.713835 ] }, { "date": "2024-11-15", "close": 25.149904, "volume": 16007, "typical_volume": 14252.55, "trend": 22.738003, "fair_value": 25.421486, "relative_strength": -1.839443, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.837021, "energy": 35.444293, "activity_lines": [ 23.872079, 23.632568, 23.105366, 22.873038 ] }, { "date": "2024-11-22", "close": 25.605515, "volume": 4759, "typical_volume": 14042.9, "trend": 22.797461, "fair_value": 25.377623, "relative_strength": 0.034602, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.005242, "energy": 63.514017, "activity_lines": [ 24.57062, 24.044114, 23.372442, 23.058038 ] }, { "date": "2024-11-29", "close": 24.821861, "volume": 4719, "typical_volume": 14002.25, "trend": 22.871533, "fair_value": 25.330748, "relative_strength": -2.522622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.343915, "energy": 65.785029, "activity_lines": [ 24.858493, 24.23729, 23.552513, 23.188645 ] }, { "date": "2024-12-06", "close": 25.241026, "volume": 6365, "typical_volume": 13903.9, "trend": 22.94715, "fair_value": 25.281916, "relative_strength": -4.004238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.574979, "energy": 69.221049, "activity_lines": [ 25.129248, 24.456097, 23.763448, 23.341515 ] }, { "date": "2024-12-13", "close": 23.837732, "volume": 14898, "typical_volume": 13754.15, "trend": 22.951439, "fair_value": 25.213984, "relative_strength": -6.264925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.126523, "energy": 45.660165, "activity_lines": [ 24.731952, 24.399939, 23.82292, 23.398972 ] }, { "date": "2024-12-20", "close": 22.598461, "volume": 12296, "typical_volume": 13548.45, "trend": 22.943062, "fair_value": 25.134805, "relative_strength": -8.289798, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.284874, "energy": 13.397407, "activity_lines": [ 23.95437, 24.143995, 23.755819, 23.376199 ] }, { "date": "2024-12-27", "close": 23.145203, "volume": 8112, "typical_volume": 13669.6, "trend": 22.942972, "fair_value": 25.054103, "relative_strength": -5.960971, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.817442, "energy": 17.03432, "activity_lines": [ 23.529131, 23.994867, 23.736308, 23.389241 ] }, { "date": "2025-01-03", "close": 22.926502, "volume": 4744, "typical_volume": 13651.75, "trend": 22.954882, "fair_value": 24.96314, "relative_strength": -7.354555, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.935597, "energy": 20.310863, "activity_lines": [ 23.195013, 23.809949, 23.69406, 23.388178 ] }, { "date": "2025-01-10", "close": 23.236322, "volume": 10056, "typical_volume": 14048.3, "trend": 23.011023, "fair_value": 24.848547, "relative_strength": -6.331051, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.591352, "energy": 18.212953, "activity_lines": [ 23.090525, 23.673049, 23.67846, 23.406336 ] }, { "date": "2025-01-17", "close": 23.491468, "volume": 4032, "typical_volume": 14052.25, "trend": 23.072161, "fair_value": 24.74009, "relative_strength": -6.470275, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.573725, "energy": 12.67656, "activity_lines": [ 23.204733, 23.564365, 23.685552, 23.437332 ] }, { "date": "2025-01-24", "close": 23.509689, "volume": 12345, "typical_volume": 13363.05, "trend": 23.147936, "fair_value": 24.654494, "relative_strength": -6.425218, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.325532, "energy": 9.081147, "activity_lines": [ 23.348099, 23.474236, 23.690533, 23.46556 ] }, { "date": "2025-01-31", "close": 24.493816, "volume": 17983, "typical_volume": 13029.15, "trend": 23.197476, "fair_value": 24.560698, "relative_strength": -5.178743, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.165134, "energy": 17.612559, "activity_lines": [ 23.758759, 23.592861, 23.77645, 23.552391 ] }, { "date": "2025-02-07", "close": 26.316271, "volume": 23794, "typical_volume": 13703.45, "trend": 23.310688, "fair_value": 24.476287, "relative_strength": -0.125306, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.691746, "energy": 50.508611, "activity_lines": [ 24.686996, 24.063054, 24.021351, 23.753603 ] }, { "date": "2025-02-14", "close": 26.735437, "volume": 19694, "typical_volume": 13437.75, "trend": 23.48522, "fair_value": 24.405192, "relative_strength": -0.091437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.206373, "energy": 70.294439, "activity_lines": [ 25.528971, 24.582288, 24.28581, 23.974555 ] }, { "date": "2025-02-21", "close": 26.972361, "volume": 14777, "typical_volume": 12853.65, "trend": 23.649528, "fair_value": 24.345144, "relative_strength": 1.12026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.925028, "energy": 78.085479, "activity_lines": [ 26.216646, 25.117428, 24.560526, 24.199532 ] }, { "date": "2025-02-28", "close": 27.165428, "volume": 4819, "typical_volume": 12715.05, "trend": 23.833132, "fair_value": 24.300163, "relative_strength": -0.860465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.861584, "energy": 80.151278, "activity_lines": [ 26.736617, 25.630678, 24.84539, 24.426364 ] }, { "date": "2025-03-07", "close": 29.483295, "volume": 16917, "typical_volume": 12920.45, "trend": 24.057756, "fair_value": 24.282665, "relative_strength": 8.28644, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.850586, "energy": 88.544011, "activity_lines": [ 27.785494, 26.482323, 25.331197, 24.790891 ] }, { "date": "2025-03-14", "close": 29.835615, "volume": 4736, "typical_volume": 12561.7, "trend": 24.308071, "fair_value": 24.262298, "relative_strength": 11.668893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.27713, "energy": 92.161778, "activity_lines": [ 28.61918, 27.282788, 25.821417, 25.163656 ] }, { "date": "2025-03-21", "close": 28.611778, "volume": 7570, "typical_volume": 12367.6, "trend": 24.498509, "fair_value": 24.244534, "relative_strength": 4.486917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.980199, "energy": 82.753668, "activity_lines": [ 28.810297, 27.735116, 26.160003, 25.441314 ] }, { "date": "2025-03-28", "close": 28.203833, "volume": 6494, "typical_volume": 10755.85, "trend": 24.682505, "fair_value": 24.231846, "relative_strength": 3.453921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.03933, "energy": 73.801532, "activity_lines": [ 28.740343, 28.015538, 26.42938, 25.680367 ] }, { "date": "2025-04-04", "close": 23.308493, "volume": 43634, "typical_volume": 12137.2, "trend": 24.76534, "fair_value": 24.20374, "relative_strength": -8.008779, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.264643, "energy": 20.606401, "activity_lines": [ 26.95651, 27.320218, 26.214087, 25.591721 ] }, { "date": "2025-04-11", "close": 23.271408, "volume": 32048, "typical_volume": 13501.65, "trend": 24.826664, "fair_value": 24.17288, "relative_strength": -6.723362, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.395765, "energy": 17.061448, "activity_lines": [ 25.417445, 26.621813, 26.00403, 25.495339 ] }, { "date": "2025-04-18", "close": 24.03167, "volume": 7083, "typical_volume": 13619.85, "trend": 24.893056, "fair_value": 24.142638, "relative_strength": -8.103344, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.096435, "energy": 26.64379, "activity_lines": [ 24.545927, 26.083864, 25.877494, 25.444049 ] }, { "date": "2025-04-25", "close": 25.311132, "volume": 10919, "typical_volume": 13847.55, "trend": 24.93173, "fair_value": 24.126498, "relative_strength": -6.165649, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.025108, "energy": 30.080679, "activity_lines": [ 24.487826, 25.820082, 25.876574, 25.471021 ] }, { "date": "2025-05-02", "close": 24.235641, "volume": 38031, "typical_volume": 15004.2, "trend": 24.898179, "fair_value": 24.110188, "relative_strength": -10.525203, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.481885, "energy": 26.681735, "activity_lines": [ 24.29127, 25.386653, 25.772892, 25.426112 ] }, { "date": "2025-05-09", "close": 24.050211, "volume": 20300, "typical_volume": 15404.4, "trend": 24.932988, "fair_value": 24.097327, "relative_strength": -11.665246, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.973801, "energy": 25.980322, "activity_lines": [ 24.297451, 24.969268, 25.649656, 25.371405 ] }, { "date": "2025-05-16", "close": 24.939924, "volume": 18544, "typical_volume": 15926.0, "trend": 24.985526, "fair_value": 24.080206, "relative_strength": -11.450571, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.485042, "energy": 15.06617, "activity_lines": [ 24.550755, 24.770289, 25.604241, 25.371852 ] }, { "date": "2025-05-23", "close": 24.750984, "volume": 21679, "typical_volume": 16772.75, "trend": 25.061583, "fair_value": 24.052842, "relative_strength": -12.134466, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.821523, "energy": 10.235817, "activity_lines": [ 24.629844, 24.619564, 25.532286, 25.356721 ] }, { "date": "2025-05-30", "close": 25.601208, "volume": 12258, "typical_volume": 16882.85, "trend": 25.173733, "fair_value": 24.02116, "relative_strength": -9.219218, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 2.883504, "energy": 5.371723, "activity_lines": [ 24.944387, 24.715873, 25.532617, 25.391535 ] }, { "date": "2025-06-06", "close": 25.582314, "volume": 13187, "typical_volume": 17340.6, "trend": 25.215483, "fair_value": 24.01228, "relative_strength": -9.733898, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.402275, "energy": 8.267576, "activity_lines": [ 25.233294, 24.863485, 25.519886, 25.417895 ] }, { "date": "2025-06-13", "close": 25.601208, "volume": 7942, "typical_volume": 17120.45, "trend": 25.230527, "fair_value": 24.024331, "relative_strength": -7.371139, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.986862, "energy": 10.77373, "activity_lines": [ 25.438721, 25.062196, 25.498999, 25.442781 ] }, { "date": "2025-06-20", "close": 25.034391, "volume": 12778, "typical_volume": 16860.2, "trend": 25.211489, "fair_value": 24.041584, "relative_strength": -8.890415, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.064704, "energy": 6.776713, "activity_lines": [ 25.351809, 25.116163, 25.414169, 25.430127 ] }, { "date": "2025-06-27", "close": 26.111341, "volume": 15152, "typical_volume": 16428.1, "trend": 25.254472, "fair_value": 24.081055, "relative_strength": -5.713337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.707236, "energy": 17.051012, "activity_lines": [ 25.617582, 25.333885, 25.429332, 25.488182 ] }, { "date": "2025-07-04", "close": 24.769876, "volume": 25866, "typical_volume": 16736.7, "trend": 25.238767, "fair_value": 24.109374, "relative_strength": -10.309325, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.023881, "energy": 7.318632, "activity_lines": [ 25.34551, 25.269893, 25.317712, 25.456917 ] }, { "date": "2025-07-11", "close": 26.205811, "volume": 22230, "typical_volume": 17109.35, "trend": 25.317703, "fair_value": 24.152297, "relative_strength": -5.201392, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.716903, "energy": 18.749657, "activity_lines": [ 25.607505, 25.47682, 25.352208, 25.519307 ] }, { "date": "2025-07-18", "close": 25.563419, "volume": 28732, "typical_volume": 18305.0, "trend": 25.416535, "fair_value": 24.177064, "relative_strength": -7.290784, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.785222, "energy": 11.43776, "activity_lines": [ 25.613803, 25.531128, 25.329174, 25.53516 ] }, { "date": "2025-07-25", "close": 25.903509, "volume": 40813, "typical_volume": 19499.8, "trend": 25.508479, "fair_value": 24.189875, "relative_strength": -7.556212, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.785578, "energy": 15.264054, "activity_lines": [ 25.735983, 25.619757, 25.346158, 25.566578 ] }, { "date": "2025-08-01", "close": 23.957441, "volume": 64758, "typical_volume": 22500.9, "trend": 25.542843, "fair_value": 24.196396, "relative_strength": -13.550378, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.254634, "energy": 22.38438, "activity_lines": [ 25.151533, 25.337036, 25.194849, 25.466511 ] }, { "date": "2025-08-08", "close": 24.826559, "volume": 28659, "typical_volume": 23555.35, "trend": 25.595851, "fair_value": 24.201126, "relative_strength": -14.243891, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.85424, "energy": 24.988985, "activity_lines": [ 25.000382, 25.226765, 25.154304, 25.420299 ] }, { "date": "2025-08-15", "close": 24.989082, "volume": 19021, "typical_volume": 24181.7, "trend": 25.645772, "fair_value": 24.216072, "relative_strength": -15.90407, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.21771, "energy": 27.033019, "activity_lines": [ 24.899627, 25.160128, 25.147262, 25.381152 ] }, { "date": "2025-08-22", "close": 25.374125, "volume": 13145, "typical_volume": 22657.25, "trend": 25.707919, "fair_value": 24.239571, "relative_strength": -14.950076, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.814988, "energy": 24.478252, "activity_lines": [ 25.008335, 25.174284, 25.1922, 25.363627 ] }, { "date": "2025-08-29", "close": 24.912075, "volume": 13577, "typical_volume": 21733.7, "trend": 25.721861, "fair_value": 24.268936, "relative_strength": -13.645919, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.424429, "energy": 21.04501, "activity_lines": [ 24.975645, 25.108561, 25.183296, 25.312282 ] }, { "date": "2025-09-05", "close": 26.52924, "volume": 32696, "typical_volume": 23014.35, "trend": 25.72896, "fair_value": 24.306324, "relative_strength": -7.443252, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -1.514623, "energy": 5.80191, "activity_lines": [ 25.548107, 25.339091, 25.320596, 25.364371 ] }, { "date": "2025-09-12", "close": 26.047941, "volume": 7897, "typical_volume": 22863.25, "trend": 25.706044, "fair_value": 24.345115, "relative_strength": -11.70034, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.860591, "energy": 16.913233, "activity_lines": [ 25.788681, 25.474514, 25.400164, 25.38495 ] }, { "date": "2025-09-19", "close": 26.29822, "volume": 11252, "typical_volume": 21524.3, "trend": 25.683572, "fair_value": 24.390997, "relative_strength": -10.438635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.925373, "energy": 28.350364, "activity_lines": [ 26.031257, 25.632205, 25.50006, 25.423155 ] }, { "date": "2025-09-26", "close": 27.337824, "volume": 22649, "typical_volume": 21641.75, "trend": 25.689319, "fair_value": 24.444641, "relative_strength": -7.222382, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.437534, "energy": 48.803765, "activity_lines": [ 26.533092, 25.977235, 25.689143, 25.529881 ] }, { "date": "2025-10-03", "close": 30.649168, "volume": 67152, "typical_volume": 24072.15, "trend": 25.728181, "fair_value": 24.517316, "relative_strength": 2.653156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.395087, "energy": 80.562273, "activity_lines": [ 28.007795, 26.892065, 26.177938, 25.849871 ] }, { "date": "2025-10-10", "close": 30.514406, "volume": 26744, "typical_volume": 24325.4, "trend": 25.750808, "fair_value": 24.586484, "relative_strength": 2.909973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.053963, "energy": 86.360157, "activity_lines": [ 29.055104, 27.696108, 26.626711, 26.15866 ] }, { "date": "2025-10-17", "close": 30.456648, "volume": 6615, "typical_volume": 24043.25, "trend": 25.812303, "fair_value": 24.654284, "relative_strength": 1.90198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.477694, "energy": 86.070682, "activity_lines": [ 29.817482, 28.370433, 27.042539, 26.462263 ] }, { "date": "2025-10-24", "close": 31.573263, "volume": 5254, "typical_volume": 23646.6, "trend": 25.924618, "fair_value": 24.723157, "relative_strength": 3.811565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.305887, "energy": 90.122156, "activity_lines": [ 30.658152, 29.145413, 27.54159, 26.833938 ] }, { "date": "2025-10-31", "close": 29.012749, "volume": 9509, "typical_volume": 23724.95, "trend": 26.11476, "fair_value": 24.767936, "relative_strength": -5.560906, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.028814, "energy": 76.300053, "activity_lines": [ 30.293648, 29.335132, 27.768254, 27.033172 ] }, { "date": "2025-11-07", "close": 29.5133, "volume": 14141, "typical_volume": 23793.1, "trend": 26.322823, "fair_value": 24.807494, "relative_strength": -2.895128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.068993, "energy": 51.469935, "activity_lines": [ 29.984332, 29.549704, 28.026344, 27.252432 ] }, { "date": "2025-11-14", "close": 30.033106, "volume": 8224, "typical_volume": 23446.7, "trend": 26.522871, "fair_value": 24.854949, "relative_strength": -3.557528, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.991072, "energy": 45.422264, "activity_lines": [ 29.92401, 29.775128, 28.312611, 27.491806 ] }, { "date": "2025-11-21", "close": 30.913555, "volume": 4282, "typical_volume": 22367.5, "trend": 26.709618, "fair_value": 24.90678, "relative_strength": 2.809438, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.989414, "energy": 42.770244, "activity_lines": [ 30.189257, 30.096927, 28.664055, 27.775076 ] }, { "date": "2025-11-28", "close": 32.302708, "volume": 8435, "typical_volume": 21677.75, "trend": 26.97852, "fair_value": 24.963154, "relative_strength": 3.989713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.786572, "energy": 50.045309, "activity_lines": [ 30.887095, 30.582833, 29.118544, 28.13592 ] }, { "date": "2025-12-05", "close": 32.244011, "volume": 9263, "typical_volume": 20704.3, "trend": 27.251647, "fair_value": 25.017072, "relative_strength": 1.993787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.514755, "energy": 53.410803, "activity_lines": [ 31.516738, 30.948894, 29.538411, 28.475629 ] }, { "date": "2025-12-12", "close": 33.770123, "volume": 3866, "typical_volume": 18856.95, "trend": 27.545987, "fair_value": 25.091373, "relative_strength": 5.79628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.576081, "energy": 72.42129, "activity_lines": [ 32.439667, 31.503227, 30.071808, 28.896176 ] }, { "date": "2025-12-19", "close": 31.852701, "volume": 13998, "typical_volume": 16318.95, "trend": 27.782711, "fair_value": 25.14542, "relative_strength": -1.92872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.764312, "energy": 57.571901, "activity_lines": [ 32.439667, 31.652193, 30.385134, 29.174029 ] }, { "date": "2025-12-26", "close": 33.848385, "volume": 858, "typical_volume": 14928.9, "trend": 28.057617, "fair_value": 25.213528, "relative_strength": 4.23521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.148016, "energy": 60.842165, "activity_lines": [ 32.983589, 32.139679, 30.850929, 29.565362 ] }, { "date": "2026-01-02", "close": 36.196251, "volume": 5262, "typical_volume": 14240.95, "trend": 28.411415, "fair_value": 25.284615, "relative_strength": 9.31654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.39062, "energy": 75.710217, "activity_lines": [ 34.114477, 32.992381, 31.497369, 30.090436 ] }, { "date": "2026-01-09", "close": 34.748402, "volume": 11988, "typical_volume": 14183.1, "trend": 28.716321, "fair_value": 25.330341, "relative_strength": 4.027098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.861623, "energy": 62.157637, "activity_lines": [ 34.50318, 33.497783, 31.952551, 30.499273 ] }, { "date": "2026-01-16", "close": 35.3158, "volume": 4147, "typical_volume": 13711.6, "trend": 29.059035, "fair_value": 25.378691, "relative_strength": 5.331981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.388324, "energy": 73.202958, "activity_lines": [ 34.914055, 34.002064, 32.417132, 30.925046 ] }, { "date": "2026-01-23", "close": 35.609283, "volume": 7543, "typical_volume": 12453.95, "trend": 29.375633, "fair_value": 25.418371, "relative_strength": 7.141582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.051667, "energy": 70.411545, "activity_lines": [ 35.319714, 34.454206, 32.860122, 31.347643 ] }, { "date": "2026-01-30", "close": 35.3158, "volume": 13463, "typical_volume": 12732.25, "trend": 29.727163, "fair_value": 25.462156, "relative_strength": 4.264394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.599676, "energy": 53.79797, "activity_lines": [ 35.377106, 34.751602, 33.231922, 31.73088 ] }, { "date": "2026-02-06", "close": 40.500671, "volume": 20461, "typical_volume": 13192.7, "trend": 30.203659, "fair_value": 25.551857, "relative_strength": 18.934903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.368601, "energy": 73.991877, "activity_lines": [ 37.06496, 35.911661, 34.053388, 32.425945 ] }, { "date": "2026-02-13", "close": 41.048504, "volume": 21279, "typical_volume": 13124.2, "trend": 30.719828, "fair_value": 25.623614, "relative_strength": 22.070883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.772505, "energy": 81.250164, "activity_lines": [ 38.648465, 37.022272, 34.859397, 33.125612 ] }, { "date": "2026-02-20", "close": 42.789841, "volume": 16750, "typical_volume": 10604.1, "trend": 31.282706, "fair_value": 25.71252, "relative_strength": 23.318571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.418865, "energy": 87.817354, "activity_lines": [ 40.392408, 38.289408, 35.765959, 33.904322 ] }, { "date": "2026-02-27", "close": 43.804836, "volume": 16490, "typical_volume": 10091.4, "trend": 31.944286, "fair_value": 25.799004, "relative_strength": 24.601674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.29701, "energy": 92.128975, "activity_lines": [ 41.976413, 39.577094, 36.711374, 34.712202 ] }, { "date": "2026-03-06", "close": 37.213326, "volume": 21297, "typical_volume": 10825.5, "trend": 32.357178, "fair_value": 25.852283, "relative_strength": 13.878184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.280466, "energy": 58.854546, "activity_lines": [ 40.816878, 39.449012, 36.965739, 35.05214 ] }, { "date": "2026-03-13", "close": 32.997139, "volume": 34531, "typical_volume": 12289.35, "trend": 32.624113, "fair_value": 25.893803, "relative_strength": 1.432194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.113289, "energy": 29.946492, "activity_lines": [ 38.125446, 38.49317, 36.786387, 35.093428 ] }, { "date": "2026-03-20", "close": 33.491997, "volume": 22828, "typical_volume": 12955.3, "trend": 32.894709, "fair_value": 25.94235, "relative_strength": 5.228193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.181684, "energy": 19.426482, "activity_lines": [ 36.099202, 37.685467, 36.647384, 35.14942 ] }, { "date": "2026-03-27", "close": 33.491997, "volume": 14119, "typical_volume": 12954.2, "trend": 33.180706, "fair_value": 25.981747, "relative_strength": 4.807132, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.039104, "energy": 25.938663, "activity_lines": [ 34.576725, 36.900609, 36.487052, 35.187955 ] }, { "date": "2026-04-03", "close": 33.37323, "volume": 11255, "typical_volume": 13105.75, "trend": 33.408839, "fair_value": 26.037346, "relative_strength": -0.071148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.578427, "energy": 24.706315, "activity_lines": [ 33.634516, 36.127316, 36.296462, 35.200376 ] }, { "date": "2026-04-10", "close": 39.84597, "volume": 22386, "typical_volume": 14010.95, "trend": 33.868774, "fair_value": 26.125853, "relative_strength": 14.718733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.999316, "energy": 19.686261, "activity_lines": [ 35.545326, 36.571541, 36.706419, 35.615675 ] }, { "date": "2026-04-17", "close": 41.686844, "volume": 12084, "typical_volume": 14193.4, "trend": 34.381728, "fair_value": 26.227343, "relative_strength": 17.730789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.863478, "energy": 29.824125, "activity_lines": [ 37.894252, 37.268103, 37.249161, 36.120066 ] }, { "date": "2026-04-24", "close": 40.380421, "volume": 5363, "typical_volume": 13998.4, "trend": 34.816481, "fair_value": 26.316088, "relative_strength": 18.692846, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.936676, "energy": 39.703228, "activity_lines": [ 39.22839, 37.705567, 37.622796, 36.507079 ] }, { "date": "2026-05-01", "close": 45.032085, "volume": 10839, "typical_volume": 14347.05, "trend": 35.295912, "fair_value": 26.431311, "relative_strength": 30.743277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.913796, "energy": 66.450104, "activity_lines": [ 41.653854, 39.000935, 38.400702, 37.16615 ] }, { "date": "2026-05-08", "close": 47.862675, "volume": 19782, "typical_volume": 14636.25, "trend": 35.874187, "fair_value": 26.565173, "relative_strength": 36.894767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.062476, "energy": 82.631318, "activity_lines": [ 44.253509, 40.770188, 39.394559, 37.976909 ] }, { "date": "2026-05-15", "close": 46.734398, "volume": 7501, "typical_volume": 14968.4, "trend": 36.416779, "fair_value": 26.693213, "relative_strength": 34.527507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.681978, "energy": 81.632977, "activity_lines": [ 45.511109, 42.260521, 40.204723, 38.677567 ] }, { "date": "2026-05-22", "close": 49.139999, "volume": 7942, "typical_volume": 15102.4, "trend": 37.002337, "fair_value": 26.840378, "relative_strength": 37.291349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.554276, "energy": 87.093965, "activity_lines": [ 47.111347, 44.015125, 41.18263, 39.49842 ] }, { "date": "2026-05-29", "close": 51.599998, "volume": 7082, "typical_volume": 14857.1, "trend": 37.755245, "fair_value": 27.008061, "relative_strength": 39.847064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.285791, "energy": 89.586239, "activity_lines": [ 49.034708, 45.923495, 42.333186, 40.440205 ] }, { "date": "2026-06-05", "close": 51.650002, "volume": 858, "typical_volume": 14692.65, "trend": 38.493135, "fair_value": 27.17262, "relative_strength": 38.765374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.910844, "energy": 89.766706, "activity_lines": [ 50.226765, 47.511721, 43.408259, 41.336641 ] }, { "date": "2026-06-12", "close": 51.799999, "volume": 679, "typical_volume": 14349.45, "trend": 39.218698, "fair_value": 27.335584, "relative_strength": 34.880773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.678272, "energy": 89.217185, "activity_lines": [ 51.027626, 48.797073, 44.419835, 42.195148 ] }, { "date": "2026-06-19", "close": 46.84, "volume": 522, "typical_volume": 13702.4, "trend": 39.74958, "fair_value": 27.474059, "relative_strength": 17.612351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.295778, "energy": 67.825522, "activity_lines": [ 49.912666, 48.845575, 44.881931, 42.686845 ] }, { "date": "2026-06-26", "close": 42.5, "volume": 2887, "typical_volume": 12823.7, "trend": 40.08949, "fair_value": 27.596612, "relative_strength": 5.971471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.050594, "energy": 39.766075, "activity_lines": [ 47.344, 47.977822, 44.875817, 42.864292 ] }, { "date": "2026-07-03", "close": 45.200001, "volume": 1188, "typical_volume": 11819.15, "trend": 40.521356, "fair_value": 27.740231, "relative_strength": 9.763696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.797188, "energy": 25.952814, "activity_lines": [ 46.118, 47.586193, 45.117326, 43.194002 ] }, { "date": "2026-07-10", "close": 43.459999, "volume": 6742, "typical_volume": 11318.75, "trend": 40.844352, "fair_value": 27.866903, "relative_strength": 7.713783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.359715, "energy": 32.221474, "activity_lines": [ 44.738667, 46.790572, 45.173351, 43.383592 ] }, { "date": "2026-07-17", "close": 46.380001, "volume": 9324, "typical_volume": 10960.45, "trend": 41.328595, "fair_value": 28.012136, "relative_strength": 15.330084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.93237, "energy": 28.362394, "activity_lines": [ 44.878667, 46.554444, 45.50428, 43.740731 ] }, { "date": "2026-07-24", "close": 50.099998, "volume": 7869, "typical_volume": 10289.05, "trend": 41.870316, "fair_value": 28.185338, "relative_strength": 21.412283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.359221, "energy": 27.619809, "activity_lines": [ 46.62, 47.021636, 46.177231, 44.306627 ] }, { "date": "2026-07-31", "close": 45.52, "volume": 17593, "typical_volume": 9442.15, "trend": 42.181107, "fair_value": 28.334818, "relative_strength": 8.611973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.341305, "energy": 24.258265, "activity_lines": [ 46.617333, 46.594909, 46.352628, 44.542091 ] }, { "date": "2026-08-07", "close": 46.240002, "volume": 11861, "typical_volume": 8893.8, "trend": 42.564161, "fair_value": 28.487712, "relative_strength": 7.577609, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.568529, "energy": 25.954527, "activity_lines": [ 46.653334, 46.364909, 46.536963, 44.803955 ] } ], "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." } } }