{ "ticker": { "uuid": "f867fd87-bb9f-4dac-b507-192bc95bb558", "symbol": "PHR", "name": "Phreesia 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 42.052, "architecture_energy": 45.057, "architecture_maturity": 21.783, "architecture_confidence": 69.053, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 29.96, "rotation_up": 66.78, "upward_expansion": 47.25, "deceleration": 18.52, "rotation_down": 15.92, "downward_expansion": 26.59 }, "activity_lines": [ 11.218, 10.790909, 10.223, 10.309548 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 12.51, "trend_reference": 10.904, "distance_from_trend": 0.147285, "trend_direction": "Weakening", "fair_value": 20.747051, "distance_from_fair_value": -0.397023, "fair_value_direction": "Improving", "relative_strength": -30.382579, "relative_strength_direction": "Improving", "price_momentum": 0.02541, "excess_performance": -0.100215, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.147285, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.204494, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.397023, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.150533, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.303826, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.246927, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.02541, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.491013, "read": "Demand-led" } ], "volume": { "latest": 4361620, "relative_activity": 0.582877, "balance": 1.491013, "dry_up": 0.505219, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.101377, "annualized_volatility": 0.632759, "from_high_reference": -0.618132, "from_low_reference": 0.610039 }, "levels": { "trend_reference": 10.904, "fair_value_reference": 20.747051, "structural_low": 7.77, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.025838, "positive_rate": 0.647059, "directional_follow_through": 0.647059, "median_excess_return": -0.002782, "regime_survival": 0.647059, "best_return": 0.179129, "worst_return": -0.197647, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.139707, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.139337, "regime_survival": 0.333333, "best_return": 0.575178, "worst_return": -0.331502, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.020354, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.154539, "regime_survival": 0.0, "best_return": 0.549672, "worst_return": -0.449328, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.143653, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.367992, "regime_survival": 0.75, "best_return": 0.475711, "worst_return": -0.616222, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-18", "tenure": "New", "return": -0.128521, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.011507, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": 0.26623, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": 0.017081, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-10", "end": "2025-03-07", "tenure": "Developing", "return": -0.112819, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-05-16", "tenure": "Developing", "return": -0.001965, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.204904, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": -0.046407, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.117161, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": -0.235944, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": -0.025136, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": 0.054807, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-07-03", "tenure": "Extended", "return": -0.516784, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.166978, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 27.14, "volume": 1155343, "typical_volume": 1880210.75, "trend": 32.242, "fair_value": 40.596603, "relative_strength": -17.442858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.98941, "energy": 59.968533, "activity_lines": [ 28.648667, 29.694909, 30.389143, 30.999075 ] }, { "date": "2023-08-25", "close": 26.61, "volume": 1384568, "typical_volume": 1887002.8, "trend": 31.919333, "fair_value": 40.564615, "relative_strength": -19.733886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.151532, "energy": 69.640253, "activity_lines": [ 27.734, 29.032545, 29.993143, 30.63572 ] }, { "date": "2023-09-01", "close": 30.12, "volume": 1641005, "typical_volume": 1865062.3, "trend": 31.661, "fair_value": 40.558974, "relative_strength": -11.567107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.365356, "energy": 58.250447, "activity_lines": [ 28.284667, 29.102545, 29.949905, 30.519634 ] }, { "date": "2023-09-08", "close": 21.9, "volume": 4942511, "typical_volume": 2009570.85, "trend": 31.128, "fair_value": 40.51891, "relative_strength": -34.511797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.483956, "energy": 73.814557, "activity_lines": [ 26.136, 27.682545, 29.131048, 29.889892 ] }, { "date": "2023-09-15", "close": 19.96, "volume": 2717312, "typical_volume": 2060105.2, "trend": 30.567667, "fair_value": 40.455449, "relative_strength": -39.807236, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.775588, "energy": 83.103103, "activity_lines": [ 23.874667, 26.075455, 28.184095, 29.169376 ] }, { "date": "2023-09-22", "close": 17.76, "volume": 1969833, "typical_volume": 2073708.45, "trend": 29.984667, "fair_value": 40.383782, "relative_strength": -44.445962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.914626, "energy": 90.908744, "activity_lines": [ 21.412667, 24.230364, 27.083238, 28.343075 ] }, { "date": "2023-09-29", "close": 18.68, "volume": 3302491, "typical_volume": 2101775.55, "trend": 29.337, "fair_value": 40.306474, "relative_strength": -40.724705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.189022, "energy": 90.56521, "activity_lines": [ 19.882667, 22.842727, 26.127714, 27.613742 ] }, { "date": "2023-10-06", "close": 18.26, "volume": 1925802, "typical_volume": 2108213.45, "trend": 28.869667, "fair_value": 40.21859, "relative_strength": -41.966134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.417593, "energy": 88.784215, "activity_lines": [ 18.741333, 21.603455, 25.182905, 26.899097 ] }, { "date": "2023-10-13", "close": 16.52, "volume": 2322433, "typical_volume": 2125448.65, "trend": 28.298667, "fair_value": 40.114231, "relative_strength": -47.38142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.392196, "energy": 91.512833, "activity_lines": [ 17.810667, 20.274545, 24.130571, 26.102344 ] }, { "date": "2023-10-20", "close": 15.1, "volume": 2845677, "typical_volume": 2119629.85, "trend": 27.752, "fair_value": 39.971923, "relative_strength": -50.325001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.204465, "energy": 91.456582, "activity_lines": [ 16.765333, 18.930909, 23.007952, 25.250817 ] }, { "date": "2023-10-27", "close": 12.45, "volume": 3533573, "typical_volume": 2195843.2, "trend": 27.090667, "fair_value": 39.814744, "relative_strength": -57.511495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.496847, "energy": 93.764067, "activity_lines": [ 15.160667, 17.339091, 21.716524, 24.263591 ] }, { "date": "2023-11-03", "close": 16.35, "volume": 5407069, "typical_volume": 2357999.85, "trend": 26.619333, "fair_value": 39.661538, "relative_strength": -46.881692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.637732, "energy": 78.007365, "activity_lines": [ 15.21, 16.723455, 20.893238, 23.570645 ] }, { "date": "2023-11-10", "close": 14.95, "volume": 2876655, "typical_volume": 2369661.65, "trend": 26.063, "fair_value": 39.491603, "relative_strength": -51.680856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.031122, "energy": 65.715809, "activity_lines": [ 14.948, 16.039818, 20.010143, 22.817785 ] }, { "date": "2023-11-17", "close": 15.71, "volume": 2421268, "typical_volume": 2386205.4, "trend": 25.46, "fair_value": 39.324103, "relative_strength": -49.988378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.723842, "energy": 63.129106, "activity_lines": [ 15.16, 15.770182, 19.272857, 22.149849 ] }, { "date": "2023-11-24", "close": 15.69, "volume": 1225582, "typical_volume": 2387114.5, "trend": 24.928333, "fair_value": 39.146731, "relative_strength": -50.158773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.842226, "energy": 55.274719, "activity_lines": [ 15.419333, 15.609455, 18.606524, 21.519527 ] }, { "date": "2023-12-01", "close": 15.89, "volume": 2297518, "typical_volume": 2394067.45, "trend": 24.462, "fair_value": 38.943205, "relative_strength": -49.420133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.679501, "energy": 48.986909, "activity_lines": [ 15.706, 15.562727, 18.022, 20.936409 ] }, { "date": "2023-12-08", "close": 18.04, "volume": 7668917, "typical_volume": 2699158.1, "trend": 24.085667, "fair_value": 38.687692, "relative_strength": -42.051752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.453596, "energy": 42.110619, "activity_lines": [ 16.48, 15.940909, 17.727143, 20.522086 ] }, { "date": "2023-12-15", "close": 22.5, "volume": 6113889, "typical_volume": 2919399.3, "trend": 23.819667, "fair_value": 38.481538, "relative_strength": -28.567517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.798758, "energy": 21.443338, "activity_lines": [ 18.628, 17.141636, 17.918952, 20.419785 ] }, { "date": "2023-12-22", "close": 22.6, "volume": 3369696, "typical_volume": 3025049.45, "trend": 23.567667, "fair_value": 38.259038, "relative_strength": -28.05526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.760733, "energy": 26.556604, "activity_lines": [ 20.306, 18.283455, 18.159476, 20.341097 ] }, { "date": "2023-12-29", "close": 23.15, "volume": 1470030, "typical_volume": 3029558.6, "trend": 23.251, "fair_value": 38.059615, "relative_strength": -25.760822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 16.294234, "energy": 37.529018, "activity_lines": [ 21.708, 19.414727, 18.48719, 20.314151 ] }, { "date": "2024-01-05", "close": 22.31, "volume": 2208436, "typical_volume": 3082213.25, "trend": 22.902667, "fair_value": 37.835833, "relative_strength": -26.590793, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 6.148285, "energy": 35.542611, "activity_lines": [ 22.332667, 20.246909, 18.757762, 20.253441 ] }, { "date": "2024-01-12", "close": 24.15, "volume": 2381122, "typical_volume": 3132040.95, "trend": 22.648, "fair_value": 37.587051, "relative_strength": -21.072342, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.795924, "energy": 54.29948, "activity_lines": [ 23.142667, 21.234364, 19.226571, 20.333914 ] }, { "date": "2024-01-19", "close": 24.65, "volume": 3396014, "typical_volume": 3219791.4, "trend": 22.457333, "fair_value": 37.297628, "relative_strength": -19.449786, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.122414, "energy": 64.107814, "activity_lines": [ 23.712, 22.170909, 19.754714, 20.463075 ] }, { "date": "2024-01-26", "close": 25.25, "volume": 2533076, "typical_volume": 3099319.65, "trend": 22.265333, "fair_value": 37.040962, "relative_strength": -17.354514, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.407051, "energy": 57.608008, "activity_lines": [ 24.338, 23.040182, 20.366048, 20.643247 ] }, { "date": "2024-02-02", "close": 26.71, "volume": 2435099, "typical_volume": 3085209.0, "trend": 22.193333, "fair_value": 36.734231, "relative_strength": -12.753462, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.004378, "energy": 71.401108, "activity_lines": [ 25.274, 24.001455, 21.100476, 20.93 ] }, { "date": "2024-02-09", "close": 27.91, "volume": 1841360, "typical_volume": 3078785.35, "trend": 21.999667, "fair_value": 36.405449, "relative_strength": -8.988996, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.026569, "energy": 76.61077, "activity_lines": [ 26.372667, 24.980545, 21.917048, 21.298817 ] }, { "date": "2024-02-16", "close": 27.53, "volume": 2474200, "typical_volume": 3037370.8, "trend": 21.882667, "fair_value": 36.113526, "relative_strength": -8.877494, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.606368, "energy": 74.86997, "activity_lines": [ 26.971333, 25.672, 22.649095, 21.655613 ] }, { "date": "2024-02-23", "close": 24.22, "volume": 2105030, "typical_volume": 3046332.2, "trend": 21.665667, "fair_value": 35.876154, "relative_strength": -20.067221, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.619392, "energy": 59.777682, "activity_lines": [ 26.241333, 25.589091, 23.023762, 21.806409 ] }, { "date": "2024-03-01", "close": 24.98, "volume": 2252191, "typical_volume": 3042820.1, "trend": 21.501333, "fair_value": 35.677756, "relative_strength": -17.106411, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.435686, "energy": 47.29814, "activity_lines": [ 25.793333, 25.613091, 23.442429, 22.020237 ] }, { "date": "2024-03-08", "close": 24.84, "volume": 2489685, "typical_volume": 3025020.5, "trend": 21.397667, "fair_value": 35.442692, "relative_strength": -16.393383, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.041082, "energy": 34.414193, "activity_lines": [ 25.316667, 25.568364, 23.807476, 22.235634 ] }, { "date": "2024-03-15", "close": 23.75, "volume": 4088804, "typical_volume": 3052782.05, "trend": 21.284667, "fair_value": 35.241218, "relative_strength": -18.919497, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.008954, "energy": 26.420328, "activity_lines": [ 24.601333, 25.294727, 24.022333, 22.387398 ] }, { "date": "2024-03-22", "close": 23.02, "volume": 2666965, "typical_volume": 2915776.85, "trend": 21.165, "fair_value": 35.048397, "relative_strength": -22.174425, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.769601, "energy": 24.38643, "activity_lines": [ 23.92, 24.862182, 24.113857, 22.499355 ] }, { "date": "2024-03-29", "close": 23.93, "volume": 1909105, "typical_volume": 2867399.35, "trend": 20.958667, "fair_value": 34.848397, "relative_strength": -18.438339, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.163212, "energy": 22.001491, "activity_lines": [ 23.842667, 24.615636, 24.260286, 22.677742 ] }, { "date": "2024-04-05", "close": 21.79, "volume": 2121436, "typical_volume": 2852407.75, "trend": 20.955, "fair_value": 34.649103, "relative_strength": -24.195082, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.064283, "energy": 15.351159, "activity_lines": [ 23.071333, 23.993091, 24.160143, 22.731376 ] }, { "date": "2024-04-12", "close": 23.58, "volume": 2416915, "typical_volume": 2911974.4, "trend": 21.075667, "fair_value": 34.472692, "relative_strength": -15.826099, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.37544, "energy": 16.192428, "activity_lines": [ 23.109333, 23.758909, 24.201524, 22.900731 ] }, { "date": "2024-04-19", "close": 21.7, "volume": 2319839, "typical_volume": 2913090.45, "trend": 21.207, "fair_value": 34.274359, "relative_strength": -18.9638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.02192, "energy": 13.137042, "activity_lines": [ 22.604667, 23.239818, 24.026286, 22.941011 ] }, { "date": "2024-04-26", "close": 20.61, "volume": 2309762, "typical_volume": 2645132.7, "trend": 21.271333, "fair_value": 34.074744, "relative_strength": -24.028476, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.69112, "energy": 21.3186, "activity_lines": [ 21.873333, 22.635455, 23.719571, 22.902495 ] }, { "date": "2024-05-03", "close": 22.32, "volume": 2138055, "typical_volume": 2446341.0, "trend": 21.406667, "fair_value": 33.901731, "relative_strength": -17.324655, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.004257, "energy": 17.875375, "activity_lines": [ 21.872667, 22.467818, 23.563476, 22.970151 ] }, { "date": "2024-05-10", "close": 21.37, "volume": 1459742, "typical_volume": 2350843.3, "trend": 21.568333, "fair_value": 33.745449, "relative_strength": -21.39983, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.934631, "energy": 21.93142, "activity_lines": [ 21.662667, 22.162, 23.317762, 22.967785 ] }, { "date": "2024-05-17", "close": 24.31, "volume": 1634184, "typical_volume": 2359051.0, "trend": 21.875333, "fair_value": 33.609936, "relative_strength": -11.125075, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.805642, "energy": 16.228752, "activity_lines": [ 22.460667, 22.456364, 23.357905, 23.144667 ] }, { "date": "2024-05-24", "close": 22.63, "volume": 1526910, "typical_volume": 2324974.7, "trend": 22.214667, "fair_value": 33.437692, "relative_strength": -16.327663, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.214506, "energy": 11.130939, "activity_lines": [ 22.65, 22.454909, 23.232524, 23.193355 ] }, { "date": "2024-05-31", "close": 18.92, "volume": 3588692, "typical_volume": 2385353.2, "trend": 22.300333, "fair_value": 33.215256, "relative_strength": -28.654923, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.188836, "energy": 24.204824, "activity_lines": [ 21.540667, 21.799273, 22.752286, 22.980796 ] }, { "date": "2024-06-07", "close": 19.5, "volume": 2919176, "typical_volume": 2361511.3, "trend": 22.452, "fair_value": 32.969423, "relative_strength": -26.231159, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.493556, "energy": 33.43879, "activity_lines": [ 20.737333, 21.323636, 22.35219, 22.800129 ] }, { "date": "2024-06-14", "close": 19.53, "volume": 2110827, "typical_volume": 2340398.85, "trend": 22.579333, "fair_value": 32.717564, "relative_strength": -26.247316, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.496003, "energy": 52.780608, "activity_lines": [ 20.132, 20.934, 21.979476, 22.611613 ] }, { "date": "2024-06-21", "close": 20.25, "volume": 1788094, "typical_volume": 2308048.6, "trend": 22.731333, "fair_value": 32.467564, "relative_strength": -22.990976, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -56.972928, "energy": 64.195909, "activity_lines": [ 19.889333, 20.716364, 21.702571, 22.461333 ] }, { "date": "2024-06-28", "close": 21.2, "volume": 2903109, "typical_volume": 2361136.05, "trend": 22.908333, "fair_value": 32.203077, "relative_strength": -18.294573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.652784, "energy": 50.251963, "activity_lines": [ 20.234, 20.732, 21.546905, 22.362538 ] }, { "date": "2024-07-05", "close": 20.15, "volume": 1103631, "typical_volume": 2292607.6, "trend": 22.978667, "fair_value": 31.913846, "relative_strength": -22.853481, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.655103, "energy": 34.800035, "activity_lines": [ 20.324, 20.565818, 21.32319, 22.184581 ] }, { "date": "2024-07-12", "close": 21.5, "volume": 2681974, "typical_volume": 2321454.8, "trend": 22.945333, "fair_value": 31.644167, "relative_strength": -17.195952, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.703964, "energy": 21.258708, "activity_lines": [ 20.782, 20.653455, 21.26319, 22.089183 ] }, { "date": "2024-07-19", "close": 22.92, "volume": 2549930, "typical_volume": 2336341.75, "trend": 22.956, "fair_value": 31.360962, "relative_strength": -8.90568, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.890734, "energy": 14.948083, "activity_lines": [ 21.58, 21.014182, 21.351381, 22.087548 ] }, { "date": "2024-07-26", "close": 24.77, "volume": 1784440, "typical_volume": 2301079.5, "trend": 23.01, "fair_value": 31.081603, "relative_strength": 0.224605, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.71776, "energy": 15.748026, "activity_lines": [ 22.768667, 21.683091, 21.625571, 22.204581 ] }, { "date": "2024-08-02", "close": 23.74, "volume": 1699435, "typical_volume": 2181611.05, "trend": 23.057667, "fair_value": 30.795256, "relative_strength": -0.88308, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.75992, "energy": 24.689905, "activity_lines": [ 23.312667, 22.156364, 21.802, 22.251677 ] }, { "date": "2024-08-09", "close": 23.12, "volume": 1563832, "typical_volume": 2126454.4, "trend": 23.023333, "fair_value": 30.518462, "relative_strength": -2.64562, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.006967, "energy": 24.646409, "activity_lines": [ 23.480667, 22.496727, 21.919429, 22.255699 ] }, { "date": "2024-08-16", "close": 24.25, "volume": 1130821, "typical_volume": 2087540.2, "trend": 23.01, "fair_value": 30.239615, "relative_strength": -0.989998, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.956512, "energy": 36.439944, "activity_lines": [ 23.827333, 22.966182, 22.144, 22.334839 ] }, { "date": "2024-08-23", "close": 25.41, "volume": 1231964, "typical_volume": 2043066.6, "trend": 23.015333, "fair_value": 29.940192, "relative_strength": 3.026119, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.548313, "energy": 40.21287, "activity_lines": [ 24.377333, 23.560182, 22.477524, 22.489677 ] }, { "date": "2024-08-30", "close": 25.71, "volume": 1743798, "typical_volume": 2009410.75, "trend": 22.982, "fair_value": 29.674744, "relative_strength": 4.97195, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.156745, "energy": 49.214283, "activity_lines": [ 24.861333, 24.101818, 22.822381, 22.663527 ] }, { "date": "2024-09-06", "close": 23.55, "volume": 3211723, "typical_volume": 2054004.95, "trend": 22.836667, "fair_value": 29.375128, "relative_strength": 0.581356, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.105788, "energy": 34.567896, "activity_lines": [ 24.562667, 24.151455, 22.951381, 22.700172 ] }, { "date": "2024-09-13", "close": 24.69, "volume": 1929247, "typical_volume": 2034979.2, "trend": 22.742, "fair_value": 29.094936, "relative_strength": 1.458213, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.827318, "energy": 40.1972, "activity_lines": [ 24.656667, 24.365636, 23.180143, 22.819742 ] }, { "date": "2024-09-20", "close": 23.59, "volume": 2456104, "typical_volume": 2050881.65, "trend": 22.721, "fair_value": 28.827244, "relative_strength": -4.407041, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 42.384416, "energy": 24.913177, "activity_lines": [ 24.279333, 24.297273, 23.284714, 22.874452 ] }, { "date": "2024-09-27", "close": 22.72, "volume": 1616265, "typical_volume": 2058707.8, "trend": 22.645667, "fair_value": 28.584936, "relative_strength": -8.267121, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.441387, "energy": 16.976697, "activity_lines": [ 23.656, 24.032727, 23.300381, 22.874387 ] }, { "date": "2024-10-04", "close": 22.19, "volume": 1352177, "typical_volume": 2044607.45, "trend": 22.557333, "fair_value": 28.337692, "relative_strength": -10.469932, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.995446, "energy": 14.549623, "activity_lines": [ 23.035333, 23.675455, 23.259143, 22.844989 ] }, { "date": "2024-10-11", "close": 20.99, "volume": 1276570, "typical_volume": 2032090.45, "trend": 22.465333, "fair_value": 28.064167, "relative_strength": -16.179518, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.874768, "energy": 17.884311, "activity_lines": [ 22.249333, 23.146909, 23.113714, 22.743871 ] }, { "date": "2024-10-18", "close": 19.8, "volume": 1790336, "typical_volume": 1942172.65, "trend": 22.358, "fair_value": 27.767436, "relative_strength": -21.52306, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.198071, "energy": 38.118147, "activity_lines": [ 21.237333, 22.452, 22.862762, 22.571914 ] }, { "date": "2024-10-25", "close": 18.25, "volume": 2181502, "typical_volume": 1905288.95, "trend": 22.168667, "fair_value": 27.432244, "relative_strength": -26.998883, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.457697, "energy": 60.407507, "activity_lines": [ 20.034667, 21.535636, 22.46, 22.306882 ] }, { "date": "2024-11-01", "close": 18.47, "volume": 1554743, "typical_volume": 1877484.75, "trend": 22.058, "fair_value": 27.0775, "relative_strength": -24.890506, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.631429, "energy": 65.611832, "activity_lines": [ 19.261333, 20.768364, 22.084143, 22.068258 ] }, { "date": "2024-11-08", "close": 21.25, "volume": 2456519, "typical_volume": 1910906.0, "trend": 21.980333, "fair_value": 26.74641, "relative_strength": -17.549275, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.565271, "energy": 58.166669, "activity_lines": [ 19.698, 20.632727, 21.978095, 22.016129 ] }, { "date": "2024-11-15", "close": 18.04, "volume": 2532645, "typical_volume": 1892382.8, "trend": 21.858333, "fair_value": 26.426923, "relative_strength": -28.372987, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.537061, "energy": 65.901178, "activity_lines": [ 19.127333, 19.994545, 21.561571, 21.761914 ] }, { "date": "2024-11-22", "close": 19.87, "volume": 2090156, "typical_volume": 1941709.05, "trend": 21.833667, "fair_value": 26.169936, "relative_strength": -22.345815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.860574, "energy": 40.527005, "activity_lines": [ 19.363333, 19.789273, 21.334381, 21.633634 ] }, { "date": "2024-11-29", "close": 21.03, "volume": 1169651, "typical_volume": 1866092.9, "trend": 21.790667, "fair_value": 25.956859, "relative_strength": -18.766156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.484975, "energy": 25.826982, "activity_lines": [ 19.981333, 19.882545, 21.219, 21.581785 ] }, { "date": "2024-12-06", "close": 21.73, "volume": 1740168, "typical_volume": 1825604.8, "trend": 21.802667, "fair_value": 25.834423, "relative_strength": -16.6401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.103268, "energy": 20.536692, "activity_lines": [ 20.647333, 20.149636, 21.172524, 21.577871 ] }, { "date": "2024-12-13", "close": 24.94, "volume": 3793179, "typical_volume": 1926041.75, "trend": 21.823667, "fair_value": 25.710577, "relative_strength": -3.447833, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.750215, "energy": 22.694643, "activity_lines": [ 22.166, 21.018364, 21.437429, 21.78028 ] }, { "date": "2024-12-20", "close": 25.16, "volume": 2606855, "typical_volume": 1971412.75, "trend": 21.908, "fair_value": 25.588333, "relative_strength": -0.517021, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 41.097554, "energy": 38.573579, "activity_lines": [ 23.512, 21.877091, 21.722476, 21.995527 ] }, { "date": "2024-12-27", "close": 25.76, "volume": 895894, "typical_volume": 1938015.85, "trend": 22.136, "fair_value": 25.48641, "relative_strength": 1.469925, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.240889, "energy": 58.907491, "activity_lines": [ 24.583333, 22.769091, 22.057905, 22.244043 ] }, { "date": "2025-01-03", "close": 26.2, "volume": 1030814, "typical_volume": 1933015.5, "trend": 22.359333, "fair_value": 25.424744, "relative_strength": 3.925359, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.541412, "energy": 72.937386, "activity_lines": [ 25.408667, 23.632727, 22.422667, 22.506237 ] }, { "date": "2025-01-10", "close": 26.68, "volume": 2160696, "typical_volume": 1979452.1, "trend": 22.597667, "fair_value": 25.367885, "relative_strength": 8.180002, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.444824, "energy": 77.426179, "activity_lines": [ 26.049333, 24.439091, 22.823857, 22.784989 ] }, { "date": "2025-01-17", "close": 27.21, "volume": 1526390, "typical_volume": 1968581.7, "trend": 22.829667, "fair_value": 25.344551, "relative_strength": 7.476172, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.855003, "energy": 76.344932, "activity_lines": [ 26.536667, 25.192545, 23.269476, 23.082559 ] }, { "date": "2025-01-24", "close": 27.89, "volume": 1419816, "typical_volume": 1878986.35, "trend": 23.052667, "fair_value": 25.341026, "relative_strength": 8.604544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.483634, "energy": 75.639002, "activity_lines": [ 27.099333, 25.961273, 23.772714, 23.409032 ] }, { "date": "2025-01-31", "close": 28.46, "volume": 2138933, "typical_volume": 1889470.65, "trend": 23.329667, "fair_value": 25.332821, "relative_strength": 12.336821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.343285, "energy": 68.189736, "activity_lines": [ 27.67, 26.654545, 24.309571, 23.757892 ] }, { "date": "2025-02-07", "close": 28.98, "volume": 1616593, "typical_volume": 1847495.1, "trend": 23.579, "fair_value": 25.313846, "relative_strength": 15.018137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.791473, "energy": 72.470374, "activity_lines": [ 28.234, 27.286182, 24.878, 24.12243 ] }, { "date": "2025-02-14", "close": 29.84, "volume": 2068624, "typical_volume": 1870113.05, "trend": 23.809667, "fair_value": 25.328654, "relative_strength": 17.065982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.276932, "energy": 81.404614, "activity_lines": [ 28.899333, 27.929636, 25.502667, 24.526366 ] }, { "date": "2025-02-21", "close": 28.22, "volume": 1673339, "typical_volume": 1886171.15, "trend": 23.924667, "fair_value": 25.322051, "relative_strength": 12.577073, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.056683, "energy": 66.236986, "activity_lines": [ 28.814, 28.131091, 25.939143, 24.810903 ] }, { "date": "2025-02-28", "close": 26.54, "volume": 2206381, "typical_volume": 1932661.7, "trend": 24.018, "fair_value": 25.309038, "relative_strength": 7.131527, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.279956, "energy": 46.813317, "activity_lines": [ 28.101333, 27.967455, 26.186905, 24.979634 ] }, { "date": "2025-03-07", "close": 23.67, "volume": 1812799, "typical_volume": 1933784.85, "trend": 24.036333, "fair_value": 25.291346, "relative_strength": -1.056097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.761519, "energy": 18.586908, "activity_lines": [ 26.522, 27.256909, 26.134905, 24.957183 ] }, { "date": "2025-03-14", "close": 25.45, "volume": 4062591, "typical_volume": 2027839.3, "trend": 24.076333, "fair_value": 25.269359, "relative_strength": 8.954184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.51483, "energy": 25.19268, "activity_lines": [ 25.855333, 26.908, 26.234, 25.048387 ] }, { "date": "2025-03-21", "close": 27.46, "volume": 3414037, "typical_volume": 2120804.0, "trend": 24.144667, "fair_value": 25.267308, "relative_strength": 16.749973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.565339, "energy": 25.646417, "activity_lines": [ 26.094, 26.938182, 26.490238, 25.266688 ] }, { "date": "2025-03-28", "close": 26.0, "volume": 2448298, "typical_volume": 2120392.95, "trend": 24.154333, "fair_value": 25.241538, "relative_strength": 12.173892, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.074927, "energy": 20.359277, "activity_lines": [ 26.004667, 26.688727, 26.564619, 25.386387 ] }, { "date": "2025-04-04", "close": 24.31, "volume": 2786499, "typical_volume": 2133085.65, "trend": 24.179667, "fair_value": 25.219359, "relative_strength": 15.045884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.29318, "energy": 8.767456, "activity_lines": [ 25.5, 26.154, 26.455429, 25.39643 ] }, { "date": "2025-04-11", "close": 24.06, "volume": 3283973, "typical_volume": 2192776.5, "trend": 24.158667, "fair_value": 25.196474, "relative_strength": 7.83448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.9025, "energy": 8.837931, "activity_lines": [ 25.060667, 25.638909, 26.292571, 25.38871 ] }, { "date": "2025-04-18", "close": 23.97, "volume": 1877074, "typical_volume": 2228147.65, "trend": 24.171333, "fair_value": 25.186474, "relative_strength": 8.909995, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.744297, "energy": 14.065179, "activity_lines": [ 24.565333, 25.187455, 26.10119, 25.376538 ] }, { "date": "2025-04-25", "close": 24.75, "volume": 1875035, "typical_volume": 2234891.0, "trend": 24.239, "fair_value": 25.198462, "relative_strength": 7.313989, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.999518, "energy": 17.958516, "activity_lines": [ 24.428667, 24.968909, 25.970095, 25.413871 ] }, { "date": "2025-05-02", "close": 25.72, "volume": 1813809, "typical_volume": 2135922.5, "trend": 24.356667, "fair_value": 25.240449, "relative_strength": 8.289652, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.093026, "energy": 12.982082, "activity_lines": [ 24.796, 25.019273, 25.917, 25.509419 ] }, { "date": "2025-05-09", "close": 25.62, "volume": 2616110, "typical_volume": 2136385.25, "trend": 24.511, "fair_value": 25.299936, "relative_strength": 8.14025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.283389, "energy": 10.689985, "activity_lines": [ 25.148667, 25.096909, 25.850667, 25.590925 ] }, { "date": "2025-05-16", "close": 25.4, "volume": 2261829, "typical_volume": 2204682.0, "trend": 24.697667, "fair_value": 25.354167, "relative_strength": 1.999301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.213905, "energy": 11.634135, "activity_lines": [ 25.340667, 25.151273, 25.76119, 25.64828 ] }, { "date": "2025-05-23", "close": 24.06, "volume": 1770505, "typical_volume": 2241666.55, "trend": 24.891333, "fair_value": 25.389231, "relative_strength": -0.784975, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.993223, "energy": 4.473735, "activity_lines": [ 24.996667, 24.930545, 25.54581, 25.60714 ] }, { "date": "2025-05-30", "close": 24.49, "volume": 3917463, "typical_volume": 2329504.9, "trend": 25.092, "fair_value": 25.415962, "relative_strength": -1.010513, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.792734, "energy": 11.477769, "activity_lines": [ 24.79, 24.813273, 25.381571, 25.581247 ] }, { "date": "2025-06-06", "close": 26.81, "volume": 2759667, "typical_volume": 2391168.75, "trend": 25.277333, "fair_value": 25.462179, "relative_strength": 6.225492, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.601294, "energy": 4.068291, "activity_lines": [ 25.374, 25.171818, 25.448714, 25.692086 ] }, { "date": "2025-06-13", "close": 25.99, "volume": 3060701, "typical_volume": 2473213.0, "trend": 25.542333, "fair_value": 25.499295, "relative_strength": 3.01194, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.114176, "energy": 2.848537, "activity_lines": [ 25.612, 25.366545, 25.439667, 25.738065 ] }, { "date": "2025-06-20", "close": 26.21, "volume": 2384874, "typical_volume": 2485510.05, "trend": 25.753667, "fair_value": 25.497628, "relative_strength": 3.747326, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.10289, "energy": 13.024964, "activity_lines": [ 25.898667, 25.570727, 25.460619, 25.78114 ] }, { "date": "2025-06-27", "close": 28.49, "volume": 4138881, "typical_volume": 2611624.45, "trend": 26.002333, "fair_value": 25.517115, "relative_strength": 8.650005, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.257423, "energy": 36.174118, "activity_lines": [ 26.891333, 26.150364, 25.709429, 25.957677 ] }, { "date": "2025-07-04", "close": 28.99, "volume": 2477051, "typical_volume": 2632045.8, "trend": 26.244333, "fair_value": 25.533397, "relative_strength": 8.245316, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.900681, "energy": 51.284474, "activity_lines": [ 27.755333, 26.738727, 26.00819, 26.15043 ] }, { "date": "2025-07-11", "close": 26.72, "volume": 2471928, "typical_volume": 2671975.25, "trend": 26.303667, "fair_value": 25.558205, "relative_strength": -0.133727, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.339733, "energy": 43.947604, "activity_lines": [ 27.562667, 26.837273, 26.09481, 26.181118 ] }, { "date": "2025-07-18", "close": 25.48, "volume": 2611870, "typical_volume": 2692249.7, "trend": 26.314333, "fair_value": 25.563013, "relative_strength": -5.298358, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.062493, "energy": 24.55187, "activity_lines": [ 26.962667, 26.692182, 26.070476, 26.127978 ] }, { "date": "2025-07-25", "close": 26.63, "volume": 2194368, "typical_volume": 2711328.15, "trend": 26.343333, "fair_value": 25.583141, "relative_strength": -2.316332, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.257584, "energy": 12.684417, "activity_lines": [ 26.78, 26.758727, 26.160714, 26.148344 ] }, { "date": "2025-08-01", "close": 26.34, "volume": 1977764, "typical_volume": 2607086.8, "trend": 26.348, "fair_value": 25.583654, "relative_strength": -0.868051, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.029062, "energy": 7.026498, "activity_lines": [ 26.472667, 26.750182, 26.209238, 26.148129 ] }, { "date": "2025-08-08", "close": 27.01, "volume": 3001410, "typical_volume": 2586455.45, "trend": 26.359, "fair_value": 25.591154, "relative_strength": -0.744711, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.267048, "energy": 6.892469, "activity_lines": [ 26.532, 26.822, 26.317333, 26.190839 ] }, { "date": "2025-08-15", "close": 28.7, "volume": 3052200, "typical_volume": 2616650.55, "trend": 26.408667, "fair_value": 25.630321, "relative_strength": 4.424875, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.559237, "energy": 19.498616, "activity_lines": [ 27.286667, 27.155273, 26.588524, 26.341871 ] }, { "date": "2025-08-22", "close": 29.75, "volume": 3845061, "typical_volume": 2669578.65, "trend": 26.470667, "fair_value": 25.671474, "relative_strength": 7.915238, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.276131, "energy": 53.73058, "activity_lines": [ 28.259333, 27.645091, 26.946857, 26.557441 ] }, { "date": "2025-08-29", "close": 31.66, "volume": 5694110, "typical_volume": 2790085.5, "trend": 26.577333, "fair_value": 25.726987, "relative_strength": 14.739884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.120586, "energy": 71.970514, "activity_lines": [ 29.584, 28.413818, 27.46119, 26.892237 ] }, { "date": "2025-09-05", "close": 28.13, "volume": 6072923, "typical_volume": 2999877.95, "trend": 26.549, "fair_value": 25.724231, "relative_strength": 1.632015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.442547, "energy": 62.522976, "activity_lines": [ 29.396667, 28.441636, 27.603143, 26.992409 ] }, { "date": "2025-09-12", "close": 24.19, "volume": 6601978, "typical_volume": 3236225.1, "trend": 26.360667, "fair_value": 25.701731, "relative_strength": -13.656723, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.795401, "energy": 19.042956, "activity_lines": [ 27.776667, 27.759636, 27.350048, 26.840215 ] }, { "date": "2025-09-19", "close": 23.87, "volume": 6245251, "typical_volume": 3457797.2, "trend": 26.215667, "fair_value": 25.696474, "relative_strength": -15.608784, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.067004, "energy": 11.097996, "activity_lines": [ 26.238, 27.106727, 27.069143, 26.679527 ] }, { "date": "2025-09-26", "close": 23.62, "volume": 4113668, "typical_volume": 3532675.1, "trend": 26.118333, "fair_value": 25.684551, "relative_strength": -16.083172, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.084367, "energy": 33.057447, "activity_lines": [ 24.938, 26.460182, 26.773238, 26.512065 ] }, { "date": "2025-10-03", "close": 23.27, "volume": 3539272, "typical_volume": 3596547.25, "trend": 26.105, "fair_value": 25.680577, "relative_strength": -18.075718, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.151997, "energy": 38.109651, "activity_lines": [ 23.93, 25.783818, 26.453524, 26.328301 ] }, { "date": "2025-10-10", "close": 22.26, "volume": 4107977, "typical_volume": 3713420.85, "trend": 25.998667, "fair_value": 25.679167, "relative_strength": -19.595069, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.518344, "energy": 63.307058, "activity_lines": [ 23.144667, 24.984909, 26.047762, 26.080237 ] }, { "date": "2025-10-17", "close": 22.29, "volume": 2628469, "typical_volume": 3648971.15, "trend": 25.826333, "fair_value": 25.665064, "relative_strength": -20.838338, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.033291, "energy": 63.749505, "activity_lines": [ 22.760667, 24.265636, 25.653429, 25.840968 ] }, { "date": "2025-10-24", "close": 23.48, "volume": 2110379, "typical_volume": 3616506.75, "trend": 25.742333, "fair_value": 25.63641, "relative_strength": -18.298239, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.108999, "energy": 63.047388, "activity_lines": [ 22.9, 23.848545, 25.382905, 25.689591 ] }, { "date": "2025-10-31", "close": 22.64, "volume": 2656785, "typical_volume": 3596310.95, "trend": 25.686667, "fair_value": 25.625513, "relative_strength": -21.792904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.88817, "energy": 54.011906, "activity_lines": [ 22.785333, 23.373636, 25.048238, 25.489441 ] }, { "date": "2025-11-07", "close": 22.02, "volume": 1936368, "typical_volume": 3573885.65, "trend": 25.618667, "fair_value": 25.604359, "relative_strength": -22.567369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.322442, "energy": 49.601708, "activity_lines": [ 22.529333, 22.915273, 24.670476, 25.252882 ] }, { "date": "2025-11-14", "close": 21.77, "volume": 2651437, "typical_volume": 3499513.45, "trend": 25.545333, "fair_value": 25.586987, "relative_strength": -23.598436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.083177, "energy": 46.682436, "activity_lines": [ 22.273333, 22.586727, 24.288857, 25.004581 ] }, { "date": "2025-11-21", "close": 20.05, "volume": 5772308, "typical_volume": 3664276.3, "trend": 25.388667, "fair_value": 25.55641, "relative_strength": -28.148357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.559884, "energy": 65.272375, "activity_lines": [ 21.476667, 22.061091, 23.775429, 24.650043 ] }, { "date": "2025-11-28", "close": 20.49, "volume": 3730514, "typical_volume": 3727205.6, "trend": 25.214333, "fair_value": 25.503782, "relative_strength": -29.01678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.507211, "energy": 71.783249, "activity_lines": [ 20.976, 21.690727, 23.346476, 24.334 ] }, { "date": "2025-12-05", "close": 20.29, "volume": 3975545, "typical_volume": 3795389.35, "trend": 25.036667, "fair_value": 25.435705, "relative_strength": -29.73448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.462062, "energy": 77.592867, "activity_lines": [ 20.608, 21.345455, 22.928143, 24.016301 ] }, { "date": "2025-12-12", "close": 16.25, "volume": 22621785, "typical_volume": 4816760.2, "trend": 24.731667, "fair_value": 25.322115, "relative_strength": -42.933307, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.71874, "energy": 93.905773, "activity_lines": [ 19.05, 20.326182, 22.149762, 23.449419 ] }, { "date": "2025-12-19", "close": 16.55, "volume": 7286739, "typical_volume": 5082208.95, "trend": 24.481333, "fair_value": 25.213269, "relative_strength": -41.446066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.008213, "energy": 92.611131, "activity_lines": [ 17.976667, 19.489091, 21.449381, 22.92157 ] }, { "date": "2025-12-26", "close": 17.02, "volume": 3235953, "typical_volume": 5093936.1, "trend": 24.232333, "fair_value": 25.114936, "relative_strength": -40.10007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.270338, "energy": 89.406678, "activity_lines": [ 17.408, 18.841273, 20.840381, 22.440194 ] }, { "date": "2026-01-02", "close": 16.3, "volume": 3666916, "typical_volume": 5124671.9, "trend": 23.882, "fair_value": 25.019038, "relative_strength": -41.462353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.26975, "energy": 90.548398, "activity_lines": [ 16.801333, 18.158364, 20.210381, 21.92843 ] }, { "date": "2026-01-09", "close": 17.23, "volume": 5333103, "typical_volume": 5199074.0, "trend": 23.59, "fair_value": 24.9025, "relative_strength": -38.464941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.616071, "energy": 83.250285, "activity_lines": [ 16.784, 17.775091, 19.728, 21.499269 ] }, { "date": "2026-01-16", "close": 16.39, "volume": 4879843, "typical_volume": 5158360.65, "trend": 23.262667, "fair_value": 24.781603, "relative_strength": -40.627826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.340978, "energy": 67.677382, "activity_lines": [ 16.690667, 17.337455, 19.225238, 21.034753 ] }, { "date": "2026-01-23", "close": 15.84, "volume": 4062404, "typical_volume": 5057834.7, "trend": 22.841, "fair_value": 24.650513, "relative_strength": -41.760426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.093833, "energy": 67.86012, "activity_lines": [ 16.404667, 16.902182, 18.74281, 20.555871 ] }, { "date": "2026-01-30", "close": 13.43, "volume": 6837418, "typical_volume": 5069606.7, "trend": 22.322333, "fair_value": 24.493846, "relative_strength": -50.125771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.609683, "energy": 72.804679, "activity_lines": [ 15.362667, 16.136545, 18.089381, 19.94871 ] }, { "date": "2026-02-06", "close": 12.2, "volume": 11704155, "typical_volume": 5342551.9, "trend": 21.838333, "fair_value": 24.329167, "relative_strength": -53.895554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.475155, "energy": 83.331795, "activity_lines": [ 14.15, 15.267636, 17.370048, 19.295656 ] }, { "date": "2026-02-13", "close": 11.95, "volume": 13408390, "typical_volume": 5807288.0, "trend": 21.387333, "fair_value": 24.170064, "relative_strength": -53.506343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.456124, "energy": 91.141374, "activity_lines": [ 13.127333, 14.504, 16.682476, 18.657699 ] }, { "date": "2026-02-20", "close": 12.71, "volume": 8867974, "typical_volume": 6073723.1, "trend": 20.923333, "fair_value": 24.025577, "relative_strength": -50.36213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.375548, "energy": 87.707492, "activity_lines": [ 12.71, 14.030182, 16.122857, 18.097871 ] }, { "date": "2026-02-27", "close": 12.33, "volume": 7299659, "typical_volume": 6233307.2, "trend": 20.456333, "fair_value": 23.860321, "relative_strength": -50.912982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.440374, "energy": 85.636432, "activity_lines": [ 12.411333, 13.551636, 15.577333, 17.543462 ] }, { "date": "2026-03-06", "close": 12.05, "volume": 7366365, "typical_volume": 6470202.0, "trend": 19.957667, "fair_value": 23.730641, "relative_strength": -50.440853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.818988, "energy": 68.675245, "activity_lines": [ 12.253333, 13.098909, 15.052429, 17.001118 ] }, { "date": "2026-03-13", "close": 10.97, "volume": 7377051, "typical_volume": 6733535.6, "trend": 19.366667, "fair_value": 23.585256, "relative_strength": -53.473176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.023663, "energy": 86.077448, "activity_lines": [ 11.827333, 12.540182, 14.473429, 16.421269 ] }, { "date": "2026-03-20", "close": 11.86, "volume": 10672440, "typical_volume": 7134318.35, "trend": 18.770333, "fair_value": 23.459359, "relative_strength": -47.907429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.324194, "energy": 66.27716, "activity_lines": [ 11.78, 12.240182, 14.038762, 15.936968 ] }, { "date": "2026-03-27", "close": 10.98, "volume": 6774155, "typical_volume": 7376207.7, "trend": 18.081, "fair_value": 23.322756, "relative_strength": -49.846746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.190794, "energy": 68.630198, "activity_lines": [ 11.445333, 11.877818, 13.571619, 15.434366 ] }, { "date": "2026-04-03", "close": 8.37, "volume": 27204461, "typical_volume": 8603858.9, "trend": 17.422333, "fair_value": 23.180962, "relative_strength": -62.281513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.848922, "energy": 74.843368, "activity_lines": [ 10.356, 11.139273, 12.908476, 14.807849 ] }, { "date": "2026-04-10", "close": 8.06, "volume": 12689951, "typical_volume": 8949741.05, "trend": 16.884667, "fair_value": 23.029808, "relative_strength": -64.256743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.927977, "energy": 73.47872, "activity_lines": [ 9.427333, 10.480182, 12.279619, 14.203828 ] }, { "date": "2026-04-17", "close": 9.17, "volume": 8631951, "typical_volume": 9194812.9, "trend": 16.394667, "fair_value": 22.871923, "relative_strength": -60.329255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.445875, "energy": 66.775818, "activity_lines": [ 9.134667, 10.120545, 11.813571, 13.706108 ] }, { "date": "2026-04-24", "close": 9.54, "volume": 6857789, "typical_volume": 9338925.1, "trend": 15.925333, "fair_value": 22.730256, "relative_strength": -58.154646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.826485, "energy": 65.828662, "activity_lines": [ 9.085333, 9.883273, 11.436667, 13.263871 ] }, { "date": "2026-05-01", "close": 9.67, "volume": 6473167, "typical_volume": 8531494.2, "trend": 15.472, "fair_value": 22.600705, "relative_strength": -57.140953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.897066, "energy": 63.724123, "activity_lines": [ 9.234, 9.713455, 11.123333, 12.860301 ] }, { "date": "2026-05-08", "close": 10.17, "volume": 5612853, "typical_volume": 8447799.9, "trend": 15.069, "fair_value": 22.477885, "relative_strength": -55.075239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.703162, "energy": 54.615502, "activity_lines": [ 9.636667, 9.689818, 10.888952, 12.518237 ] }, { "date": "2026-05-15", "close": 8.77, "volume": 6614962, "typical_volume": 8616750.35, "trend": 14.618333, "fair_value": 22.338718, "relative_strength": -60.565607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.256769, "energy": 51.374436, "activity_lines": [ 9.452667, 9.450909, 10.551619, 12.111849 ] }, { "date": "2026-05-22", "close": 8.92, "volume": 7825400, "typical_volume": 8824674.55, "trend": 14.133, "fair_value": 22.202564, "relative_strength": -59.460245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.835296, "energy": 51.215499, "activity_lines": [ 9.271333, 9.298909, 10.267857, 11.744215 ] }, { "date": "2026-05-29", "close": 9.86, "volume": 12380744, "typical_volume": 9177056.6, "trend": 13.707, "fair_value": 22.056474, "relative_strength": -54.979583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.849819, "energy": 40.193642, "activity_lines": [ 9.42, 9.355091, 10.108762, 11.468538 ] }, { "date": "2026-06-05", "close": 9.54, "volume": 8201088, "typical_volume": 9343118.85, "trend": 13.291, "fair_value": 21.907628, "relative_strength": -54.342319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.062958, "energy": 38.744257, "activity_lines": [ 9.440667, 9.389455, 9.954286, 11.199699 ] }, { "date": "2026-06-12", "close": 9.06, "volume": 4820731, "typical_volume": 9381035.2, "trend": 12.867333, "fair_value": 21.761923, "relative_strength": -55.933258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.914479, "energy": 40.529142, "activity_lines": [ 9.31, 9.362727, 9.786714, 10.926731 ] }, { "date": "2026-06-19", "close": 9.38, "volume": 4999217, "typical_volume": 9289125.15, "trend": 12.511667, "fair_value": 21.627372, "relative_strength": -53.772228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.460614, "energy": 34.181062, "activity_lines": [ 9.36, 9.381636, 9.681905, 10.701742 ] }, { "date": "2026-06-26", "close": 10.07, "volume": 7474365, "typical_volume": 9077635.65, "trend": 12.164333, "fair_value": 21.493141, "relative_strength": -47.946456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.879948, "energy": 25.675575, "activity_lines": [ 9.599333, 9.502, 9.662095, 10.544215 ] }, { "date": "2026-07-03", "close": 10.94, "volume": 4265634, "typical_volume": 8620497.85, "trend": 11.852667, "fair_value": 21.378205, "relative_strength": -43.326494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.626342, "energy": 9.503325, "activity_lines": [ 10.052, 9.764182, 9.735286, 10.465226 ] }, { "date": "2026-07-10", "close": 10.72, "volume": 3709725, "typical_volume": 8362585.4, "trend": 11.668333, "fair_value": 21.230769, "relative_strength": -44.004404, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.799558, "energy": 13.342087, "activity_lines": [ 10.359333, 9.960909, 9.792333, 10.392151 ] }, { "date": "2026-07-17", "close": 10.71, "volume": 3578817, "typical_volume": 8176543.3, "trend": 11.473667, "fair_value": 21.100449, "relative_strength": -42.007441, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.213381, "energy": 17.859162, "activity_lines": [ 10.584667, 10.136727, 9.857905, 10.330323 ] }, { "date": "2026-07-24", "close": 10.22, "volume": 3349059, "typical_volume": 7975678.0, "trend": 11.247, "fair_value": 20.968974, "relative_strength": -43.081704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.459044, "energy": 16.643275, "activity_lines": [ 10.536667, 10.213636, 9.884524, 10.249441 ] }, { "date": "2026-07-31", "close": 10.73, "volume": 3832526, "typical_volume": 7798451.75, "trend": 11.061333, "fair_value": 20.846026, "relative_strength": -39.526717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.58164, "energy": 12.497095, "activity_lines": [ 10.602667, 10.356909, 9.968429, 10.216086 ] }, { "date": "2026-08-07", "close": 12.51, "volume": 4361620, "typical_volume": 7482910.75, "trend": 10.904, "fair_value": 20.747051, "relative_strength": -30.382579, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.051694, "energy": 45.057384, "activity_lines": [ 11.218, 10.790909, 10.223, 10.309548 ] } ], "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." } } }