{ "ticker": { "uuid": "f970f055-848d-4da6-9144-cfa8b07cf509", "symbol": "INFREA", "name": "Infrea AB", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.859, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.211, "architecture_energy": 33.431, "architecture_maturity": 22.973, "architecture_confidence": 94.626, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 24.1, "rotation_up": 22.06, "upward_expansion": 3.93, "deceleration": 53.06, "rotation_down": 47.94, "downward_expansion": 77.26 }, "activity_lines": [ 13.37, 13.42, 13.877824, 14.267585 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 13.35, "trend_reference": 14.589017, "distance_from_trend": -0.084928, "trend_direction": "Improving", "fair_value": 12.70026, "distance_from_fair_value": 0.05116, "fair_value_direction": "Weakening", "relative_strength": -14.698613, "relative_strength_direction": "Weakening", "price_momentum": -0.129944, "excess_performance": -0.191439, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.084928, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.005314, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.05116, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.034237, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.146986, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.075299, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.129944, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.667048, "read": "Supply-led" } ], "volume": { "latest": 39454, "relative_activity": 0.594577, "balance": 0.667048, "dry_up": 0.819525, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.093361, "annualized_volatility": 0.305856, "from_high_reference": -0.181124, "from_low_reference": 0.141056 }, "levels": { "trend_reference": 14.589017, "fair_value_reference": 12.70026, "structural_low": 12.4, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": -0.019845, "positive_rate": 0.392857, "directional_follow_through": 0.607143, "median_excess_return": -0.041112, "regime_survival": 0.857143, "best_return": 0.375, "worst_return": -0.265748, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.041715, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.068819, "regime_survival": 0.6, "best_return": 0.195349, "worst_return": -0.334646, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.067633, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.133943, "regime_survival": 0.333333, "best_return": 0.283721, "worst_return": -0.413386, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.309783, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.269238, "regime_survival": 0.333333, "best_return": 0.259591, "worst_return": -0.511811, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-02-14", "tenure": "Established", "return": 0.013954, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.027237, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.003831, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-08-08", "tenure": "Established", "return": 0.26333, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-09-19", "tenure": "Developing", "return": -0.155115, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": 0.003846, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 0.025641, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": 0.007092, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.024911, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.133803, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-04-10", "tenure": "Developing", "return": -0.078788, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-06-12", "tenure": "Developing", "return": -0.150341, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-19", "end": "2026-07-10", "tenure": "New", "return": 0.022989, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": -0.003731, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 16.451551, "volume": 54461, "typical_volume": 125273.4, "trend": 24.518666, "fair_value": 28.36927, "relative_strength": -30.261204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.965796, "energy": 86.580835, "activity_lines": [ 16.725744, 18.25971, 20.507225, 22.587541 ] }, { "date": "2023-08-25", "close": 16.22049, "volume": 28867, "typical_volume": 125494.95, "trend": 24.295307, "fair_value": 28.287806, "relative_strength": -30.975755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.033628, "energy": 78.111897, "activity_lines": [ 16.584026, 17.658951, 19.882039, 22.052175 ] }, { "date": "2023-09-01", "close": 16.590189, "volume": 45538, "typical_volume": 125722.1, "trend": 24.047301, "fair_value": 28.213452, "relative_strength": -30.250657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.752826, "energy": 64.538149, "activity_lines": [ 16.574784, 17.230438, 19.364022, 21.555071 ] }, { "date": "2023-09-08", "close": 16.359129, "volume": 15409, "typical_volume": 110570.55, "trend": 23.810078, "fair_value": 28.135246, "relative_strength": -30.571771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.529094, "energy": 61.747824, "activity_lines": [ 16.454633, 16.8599, 18.891997, 21.05906 ] }, { "date": "2023-09-15", "close": 15.665945, "volume": 111562, "typical_volume": 109276.85, "trend": 23.528184, "fair_value": 28.056152, "relative_strength": -33.669772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.677644, "energy": 61.687632, "activity_lines": [ 16.161956, 16.475919, 18.414251, 20.533632 ] }, { "date": "2023-09-22", "close": 15.665945, "volume": 47548, "typical_volume": 105996.35, "trend": 23.076845, "fair_value": 27.972911, "relative_strength": -32.40064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.370187, "energy": 60.092619, "activity_lines": [ 15.964784, 16.233935, 17.989099, 20.026391 ] }, { "date": "2023-09-29", "close": 15.943217, "volume": 28322, "typical_volume": 103620.2, "trend": 22.650152, "fair_value": 27.897372, "relative_strength": -30.487885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.811248, "energy": 56.090756, "activity_lines": [ 15.91241, 16.155794, 17.628863, 19.566157 ] }, { "date": "2023-10-06", "close": 15.619732, "volume": 11132, "typical_volume": 103287.15, "trend": 22.107928, "fair_value": 27.820944, "relative_strength": -31.516411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.367851, "energy": 58.415898, "activity_lines": [ 15.770692, 16.0264, 17.279411, 19.112581 ] }, { "date": "2023-10-13", "close": 14.972762, "volume": 22907, "typical_volume": 102253.45, "trend": 21.556462, "fair_value": 27.745109, "relative_strength": -35.019855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.762613, "energy": 70.676554, "activity_lines": [ 15.478015, 15.787777, 16.911034, 18.652248 ] }, { "date": "2023-10-20", "close": 13.90988, "volume": 36812, "typical_volume": 99109.3, "trend": 20.966486, "fair_value": 27.671347, "relative_strength": -36.019339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.156997, "energy": 92.841778, "activity_lines": [ 14.923468, 15.397073, 16.48236, 18.15892 ] }, { "date": "2023-10-27", "close": 12.985635, "volume": 107960, "typical_volume": 102437.0, "trend": 20.321056, "fair_value": 27.607065, "relative_strength": -38.994171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.035871, "energy": 94.654728, "activity_lines": [ 14.177911, 14.896301, 16.013856, 17.644026 ] }, { "date": "2023-11-03", "close": 12.24624, "volume": 80696, "typical_volume": 103335.35, "trend": 19.684867, "fair_value": 27.526193, "relative_strength": -44.005034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.459679, "energy": 95.204876, "activity_lines": [ 13.364576, 14.32411, 15.517405, 17.12307 ] }, { "date": "2023-11-10", "close": 11.460631, "volume": 491494, "typical_volume": 125689.2, "trend": 19.037896, "fair_value": 27.440878, "relative_strength": -46.679815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.077506, "energy": 93.906114, "activity_lines": [ 12.535836, 13.681339, 14.992566, 16.592474 ] }, { "date": "2023-11-17", "close": 13.401546, "volume": 89348, "typical_volume": 127614.75, "trend": 18.517238, "fair_value": 27.368005, "relative_strength": -39.317628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.44895, "energy": 66.850437, "activity_lines": [ 12.631342, 13.484727, 14.70319, 16.228839 ] }, { "date": "2023-11-24", "close": 12.662149, "volume": 29258, "typical_volume": 124017.7, "trend": 18.048955, "fair_value": 27.29454, "relative_strength": -42.839751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.296241, "energy": 64.181966, "activity_lines": [ 12.585129, 13.207454, 14.386966, 15.851091 ] }, { "date": "2023-12-01", "close": 12.24624, "volume": 44509, "typical_volume": 121886.05, "trend": 17.665393, "fair_value": 27.224925, "relative_strength": -44.536902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.766541, "energy": 60.768554, "activity_lines": [ 12.483462, 12.909175, 14.082626, 15.476723 ] }, { "date": "2023-12-08", "close": 12.153815, "volume": 188983, "typical_volume": 108105.4, "trend": 17.247943, "fair_value": 27.148201, "relative_strength": -45.764523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.544573, "energy": 53.900587, "activity_lines": [ 12.40028, 12.656268, 13.815475, 15.121137 ] }, { "date": "2023-12-15", "close": 11.784118, "volume": 67622, "typical_volume": 84272.25, "trend": 16.82125, "fair_value": 27.061405, "relative_strength": -48.371605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.943159, "energy": 56.155249, "activity_lines": [ 12.200028, 12.405042, 13.53314, 14.768632 ] }, { "date": "2023-12-22", "close": 12.800787, "volume": 105472, "typical_volume": 82837.65, "trend": 16.462335, "fair_value": 26.994753, "relative_strength": -42.972306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.195483, "energy": 47.952369, "activity_lines": [ 12.317099, 12.408403, 13.368097, 14.509247 ] }, { "date": "2023-12-29", "close": 13.817454, "volume": 78311, "typical_volume": 84310.55, "trend": 16.121905, "fair_value": 26.932248, "relative_strength": -38.178718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.656882, "energy": 32.798631, "activity_lines": [ 12.813109, 12.636103, 13.321004, 14.33861 ] }, { "date": "2024-01-05", "close": 13.771242, "volume": 31161, "typical_volume": 83145.55, "trend": 15.850793, "fair_value": 26.865891, "relative_strength": -36.090218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.784509, "energy": 22.48094, "activity_lines": [ 13.216696, 12.857081, 13.285134, 14.186954 ] }, { "date": "2024-01-12", "close": 13.678819, "volume": 32614, "typical_volume": 83332.9, "trend": 15.57352, "fair_value": 26.802498, "relative_strength": -36.332823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.518991, "energy": 19.593932, "activity_lines": [ 13.487808, 13.046971, 13.253226, 14.046827 ] }, { "date": "2024-01-19", "close": 12.662149, "volume": 49410, "typical_volume": 83526.5, "trend": 15.259277, "fair_value": 26.729032, "relative_strength": -38.85608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.034986, "energy": 19.530113, "activity_lines": [ 13.318363, 13.025966, 13.136595, 13.858997 ] }, { "date": "2024-01-26", "close": 12.292452, "volume": 31170, "typical_volume": 84314.55, "trend": 14.917306, "fair_value": 26.652012, "relative_strength": -41.797516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.151962, "energy": 21.267812, "activity_lines": [ 12.96715, 12.915897, 13.00346, 13.667588 ] }, { "date": "2024-02-02", "close": 11.968966, "volume": 35537, "typical_volume": 80513.3, "trend": 14.533745, "fair_value": 26.57351, "relative_strength": -42.60466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.539665, "energy": 32.364327, "activity_lines": [ 12.541998, 12.767177, 12.858882, 13.477373 ] }, { "date": "2024-02-09", "close": 12.24624, "volume": 89001, "typical_volume": 82585.95, "trend": 14.2118, "fair_value": 26.489084, "relative_strength": -40.17516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.907882, "energy": 39.114516, "activity_lines": [ 12.332502, 12.681475, 12.758315, 13.329792 ] }, { "date": "2024-02-16", "close": 12.477301, "volume": 107266, "typical_volume": 86533.15, "trend": 14.082405, "fair_value": 26.38955, "relative_strength": -39.737605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.178002, "energy": 40.921752, "activity_lines": [ 12.301694, 12.637783, 12.696039, 13.217889 ] }, { "date": "2024-02-23", "close": 10.443963, "volume": 454520, "typical_volume": 108702.55, "trend": 13.894476, "fair_value": 26.286461, "relative_strength": -49.088294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.564094, "energy": 58.482756, "activity_lines": [ 11.673208, 12.218512, 12.456615, 12.983151 ] }, { "date": "2024-03-01", "close": 10.767448, "volume": 104709, "typical_volume": 112792.65, "trend": 13.678819, "fair_value": 26.171819, "relative_strength": -47.053036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.212821, "energy": 54.000931, "activity_lines": [ 11.300429, 11.882423, 12.272647, 12.781407 ] }, { "date": "2024-03-08", "close": 11.460631, "volume": 319565, "typical_volume": 126930.3, "trend": 13.490889, "fair_value": 26.065768, "relative_strength": -42.917541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.581027, "energy": 45.372654, "activity_lines": [ 11.260379, 11.709337, 12.174721, 12.638298 ] }, { "date": "2024-03-15", "close": 9.723854, "volume": 95667, "typical_volume": 126315.65, "trend": 13.266632, "fair_value": 25.943252, "relative_strength": -51.135164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.20923, "energy": 60.888857, "activity_lines": [ 10.675291, 11.263325, 11.92305, 12.395264 ] }, { "date": "2024-03-22", "close": 10.813661, "volume": 122471, "typical_volume": 128404.4, "trend": 13.086405, "fair_value": 25.823574, "relative_strength": -44.188205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.590963, "energy": 43.44594, "activity_lines": [ 10.621632, 11.089049, 11.790704, 12.237007 ] }, { "date": "2024-03-29", "close": 9.796992, "volume": 190999, "typical_volume": 113379.65, "trend": 12.859965, "fair_value": 25.666571, "relative_strength": -47.711152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.818683, "energy": 48.843796, "activity_lines": [ 10.339992, 10.782017, 11.568353, 12.024787 ] }, { "date": "2024-04-05", "close": 10.5826, "volume": 139797, "typical_volume": 115902.1, "trend": 12.667414, "fair_value": 25.505717, "relative_strength": -41.689733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.771889, "energy": 43.478322, "activity_lines": [ 10.363353, 10.669917, 11.428744, 11.87786 ] }, { "date": "2024-04-12", "close": 11.321996, "volume": 221220, "typical_volume": 125500.2, "trend": 12.522616, "fair_value": 25.350195, "relative_strength": -36.108872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.146643, "energy": 30.403243, "activity_lines": [ 10.645502, 10.72334, 11.372978, 11.791059 ] }, { "date": "2024-04-19", "close": 10.443963, "volume": 198923, "typical_volume": 133220.9, "trend": 12.348549, "fair_value": 25.194377, "relative_strength": -39.508641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.816108, "energy": 26.708638, "activity_lines": [ 10.644216, 10.628885, 11.239971, 11.656953 ] }, { "date": "2024-04-26", "close": 10.028053, "volume": 121624, "typical_volume": 129852.95, "trend": 12.151377, "fair_value": 25.027598, "relative_strength": -41.911173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.855804, "energy": 28.839509, "activity_lines": [ 10.456286, 10.491578, 11.075936, 11.507243 ] }, { "date": "2024-05-03", "close": 9.889416, "volume": 45783, "typical_volume": 128761.0, "trend": 11.960367, "fair_value": 24.885999, "relative_strength": -41.192851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.46597, "energy": 30.825338, "activity_lines": [ 10.274518, 10.373596, 10.90882, 11.36131 ] }, { "date": "2024-05-10", "close": 9.889416, "volume": 113276, "typical_volume": 129151.2, "trend": 11.790922, "fair_value": 24.728404, "relative_strength": -41.930677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.731579, "energy": 34.110146, "activity_lines": [ 10.086588, 10.265697, 10.750726, 11.227701 ] }, { "date": "2024-05-17", "close": 11.22957, "volume": 164904, "typical_volume": 133480.85, "trend": 11.701578, "fair_value": 24.582954, "relative_strength": -32.116154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.712702, "energy": 26.610945, "activity_lines": [ 10.391589, 10.417426, 10.73413, 11.191484 ] }, { "date": "2024-05-24", "close": 11.137146, "volume": 144649, "typical_volume": 139155.25, "trend": 11.639962, "fair_value": 24.432764, "relative_strength": -31.985899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.444012, "energy": 17.590891, "activity_lines": [ 10.671943, 10.556553, 10.721054, 11.155069 ] }, { "date": "2024-05-31", "close": 11.691692, "volume": 69827, "typical_volume": 141015.9, "trend": 11.621477, "fair_value": 24.294423, "relative_strength": -26.685845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.050171, "energy": 13.118681, "activity_lines": [ 11.090933, 10.770809, 10.773336, 11.158407 ] }, { "date": "2024-06-07", "close": 11.506844, "volume": 57914, "typical_volume": 141441.1, "trend": 11.623017, "fair_value": 24.150751, "relative_strength": -27.208427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.163771, "energy": 15.468866, "activity_lines": [ 11.337399, 10.935493, 10.817476, 11.151011 ] }, { "date": "2024-06-14", "close": 11.414419, "volume": 59414, "typical_volume": 142853.3, "trend": 11.55678, "fair_value": 24.002338, "relative_strength": -24.8428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.31412, "energy": 16.146644, "activity_lines": [ 11.445227, 11.052283, 10.858315, 11.137553 ] }, { "date": "2024-06-21", "close": 11.22957, "volume": 21804, "typical_volume": 142166.65, "trend": 11.509027, "fair_value": 23.846224, "relative_strength": -25.068281, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.46486, "energy": 15.657229, "activity_lines": [ 11.389773, 11.120341, 10.88573, 11.116443 ] }, { "date": "2024-06-28", "close": 11.137146, "volume": 46695, "typical_volume": 140051.35, "trend": 11.472057, "fair_value": 23.630271, "relative_strength": -24.201062, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.620917, "energy": 13.914618, "activity_lines": [ 11.30351, 11.173275, 10.907864, 11.09245 ] }, { "date": "2024-07-05", "close": 11.460631, "volume": 31183, "typical_volume": 136247.2, "trend": 11.448951, "fair_value": 23.438312, "relative_strength": -19.999471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.333508, "energy": 7.601954, "activity_lines": [ 11.325075, 11.272422, 10.966088, 11.091713 ] }, { "date": "2024-07-12", "close": 11.460631, "volume": 47887, "typical_volume": 115915.55, "trend": 11.438168, "fair_value": 23.22858, "relative_strength": -20.787902, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.918073, "energy": 7.469669, "activity_lines": [ 11.362045, 11.345521, 11.029153, 11.092467 ] }, { "date": "2024-07-19", "close": 11.83033, "volume": 133040, "typical_volume": 117332.1, "trend": 11.40582, "fair_value": 23.048471, "relative_strength": -15.514733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.307133, "energy": 21.966732, "activity_lines": [ 11.525329, 11.457271, 11.122586, 11.117768 ] }, { "date": "2024-07-26", "close": 10.628811, "volume": 176398, "typical_volume": 110173.75, "trend": 11.299532, "fair_value": 22.863622, "relative_strength": -23.520618, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.170171, "energy": 5.459744, "activity_lines": [ 11.260378, 11.315273, 11.096527, 11.067638 ] }, { "date": "2024-08-02", "close": 10.536387, "volume": 46033, "typical_volume": 107692.05, "trend": 11.191703, "fair_value": 22.64915, "relative_strength": -19.740464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.122735, "energy": 14.273405, "activity_lines": [ 11.004671, 11.167394, 11.065627, 11.018403 ] }, { "date": "2024-08-09", "close": 11.22957, "volume": 231829, "typical_volume": 113159.95, "trend": 11.110062, "fair_value": 22.436751, "relative_strength": -13.165783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.003287, "energy": 5.788769, "activity_lines": [ 11.020075, 11.156471, 11.096875, 11.020846 ] }, { "date": "2024-08-16", "close": 11.183358, "volume": 36520, "typical_volume": 105436.0, "trend": 11.060769, "fair_value": 22.25368, "relative_strength": -15.056399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.686495, "energy": 8.01941, "activity_lines": [ 11.035479, 11.145548, 11.121742, 11.025575 ] }, { "date": "2024-08-23", "close": 10.998509, "volume": 74650, "typical_volume": 102178.65, "trend": 11.017637, "fair_value": 22.052834, "relative_strength": -16.307881, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.364665, "energy": 5.744805, "activity_lines": [ 11.007751, 11.106898, 11.122402, 11.021558 ] }, { "date": "2024-08-30", "close": 11.044722, "volume": 74203, "typical_volume": 94827.8, "trend": 10.986829, "fair_value": 21.845175, "relative_strength": -16.09643, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 16.641622, "energy": 7.041082, "activity_lines": [ 11.050883, 11.084212, 11.125483, 11.023305 ] }, { "date": "2024-09-06", "close": 10.721236, "volume": 40479, "typical_volume": 86905.6, "trend": 10.935996, "fair_value": 21.643145, "relative_strength": -13.734195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 8.053219, "energy": 7.487711, "activity_lines": [ 10.958459, 11.006071, 11.099076, 11.00617 ] }, { "date": "2024-09-13", "close": 10.536387, "volume": 44774, "typical_volume": 83063.1, "trend": 10.871298, "fair_value": 21.451187, "relative_strength": -15.746463, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.994186, "energy": 19.644652, "activity_lines": [ 10.792095, 10.901884, 11.053744, 10.980389 ] }, { "date": "2024-09-20", "close": 11.090935, "volume": 88835, "typical_volume": 85215.7, "trend": 10.892864, "fair_value": 21.279372, "relative_strength": -12.167669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.011158, "energy": 11.767006, "activity_lines": [ 10.856792, 10.915327, 11.058805, 10.994559 ] }, { "date": "2024-09-27", "close": 11.414419, "volume": 72780, "typical_volume": 83190.9, "trend": 10.91443, "fair_value": 21.101929, "relative_strength": -10.592177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.688612, "energy": 13.496998, "activity_lines": [ 11.035479, 10.994308, 11.088953, 11.028208 ] }, { "date": "2024-10-04", "close": 11.321996, "volume": 60418, "typical_volume": 77966.6, "trend": 10.909809, "fair_value": 20.915599, "relative_strength": -9.052123, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.349739, "energy": 15.424303, "activity_lines": [ 11.155631, 11.064047, 11.103037, 11.054502 ] }, { "date": "2024-10-11", "close": 11.321996, "volume": 19180, "typical_volume": 71693.15, "trend": 10.96308, "fair_value": 20.724529, "relative_strength": -7.606698, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.330196, "energy": 24.267945, "activity_lines": [ 11.257299, 11.121182, 11.116681, 11.081095 ] }, { "date": "2024-10-18", "close": 10.628811, "volume": 46434, "typical_volume": 70523.5, "trend": 10.956918, "fair_value": 20.545605, "relative_strength": -12.526772, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 20.654024, "energy": 11.351666, "activity_lines": [ 11.087853, 11.038, 11.063427, 11.059529 ] }, { "date": "2024-10-25", "close": 10.813661, "volume": 45233, "typical_volume": 69889.45, "trend": 10.990807, "fair_value": 20.365496, "relative_strength": -10.137682, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.88366, "energy": 6.231992, "activity_lines": [ 10.973863, 10.99935, 11.032839, 11.050287 ] }, { "date": "2024-11-01", "close": 10.721236, "volume": 34615, "typical_volume": 68649.5, "trend": 10.995429, "fair_value": 20.196051, "relative_strength": -9.094631, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.210896, "energy": 19.45239, "activity_lines": [ 10.84755, 10.950617, 10.996749, 11.032895 ] }, { "date": "2024-11-08", "close": 10.443963, "volume": 144736, "typical_volume": 74796.1, "trend": 10.966161, "fair_value": 20.011202, "relative_strength": -11.002419, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.835689, "energy": 36.190247, "activity_lines": [ 10.675024, 10.856512, 10.937553, 10.997317 ] }, { "date": "2024-11-15", "close": 10.39775, "volume": 110527, "typical_volume": 77987.7, "trend": 10.96462, "fair_value": 19.831981, "relative_strength": -8.929802, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.626506, "energy": 52.198728, "activity_lines": [ 10.54563, 10.764928, 10.877698, 10.960645 ] }, { "date": "2024-11-22", "close": 9.935628, "volume": 47569, "typical_volume": 78807.0, "trend": 10.96154, "fair_value": 19.654538, "relative_strength": -12.480354, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.090417, "energy": 62.201683, "activity_lines": [ 10.323811, 10.595203, 10.777351, 10.894259 ] }, { "date": "2024-11-29", "close": 10.305326, "volume": 54079, "typical_volume": 79116.6, "trend": 10.975403, "fair_value": 19.47117, "relative_strength": -8.692598, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.718234, "energy": 54.567705, "activity_lines": [ 10.271437, 10.503618, 10.719476, 10.851922 ] }, { "date": "2024-12-06", "close": 10.166689, "volume": 42568, "typical_volume": 74593.0, "trend": 10.984646, "fair_value": 19.294616, "relative_strength": -12.871438, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.729181, "energy": 48.73421, "activity_lines": [ 10.20674, 10.401111, 10.653898, 10.799747 ] }, { "date": "2024-12-13", "close": 10.305326, "volume": 81336, "typical_volume": 69839.9, "trend": 10.953837, "fair_value": 19.12369, "relative_strength": -9.32774, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.009596, "energy": 37.606429, "activity_lines": [ 10.225225, 10.346497, 10.609447, 10.75592 ] }, { "date": "2024-12-20", "close": 10.259114, "volume": 71673, "typical_volume": 71121.9, "trend": 10.92457, "fair_value": 18.944173, "relative_strength": -6.251993, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.393739, "energy": 29.382967, "activity_lines": [ 10.237548, 10.301965, 10.562134, 10.711099 ] }, { "date": "2024-12-27", "close": 10.166689, "volume": 52989, "typical_volume": 62179.9, "trend": 10.873736, "fair_value": 18.761694, "relative_strength": -6.997289, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.545504, "energy": 28.796376, "activity_lines": [ 10.228306, 10.259954, 10.507339, 10.662204 ] }, { "date": "2025-01-03", "close": 10.074265, "volume": 26088, "typical_volume": 61658.3, "trend": 10.825984, "fair_value": 18.566774, "relative_strength": -7.863333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.773776, "energy": 29.10606, "activity_lines": [ 10.172851, 10.209541, 10.448804, 10.610625 ] }, { "date": "2025-01-10", "close": 9.704567, "volume": 72523, "typical_volume": 61551.95, "trend": 10.768989, "fair_value": 18.38311, "relative_strength": -10.905807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.202895, "energy": 34.933889, "activity_lines": [ 10.009568, 10.105353, 10.360341, 10.538275 ] }, { "date": "2025-01-17", "close": 9.704567, "volume": 38936, "typical_volume": 59788.6, "trend": 10.718155, "fair_value": 18.20774, "relative_strength": -13.399074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.889337, "energy": 42.24774, "activity_lines": [ 9.877093, 10.01965, 10.278039, 10.469603 ] }, { "date": "2025-01-24", "close": 9.56593, "volume": 54617, "typical_volume": 60495.5, "trend": 10.665781, "fair_value": 18.039184, "relative_strength": -15.702071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.131296, "energy": 48.41267, "activity_lines": [ 9.738456, 9.922185, 10.188915, 10.395266 ] }, { "date": "2025-01-31", "close": 9.889416, "volume": 33264, "typical_volume": 59920.0, "trend": 10.613407, "fair_value": 17.872702, "relative_strength": -12.341841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.425824, "energy": 41.373312, "activity_lines": [ 9.75386, 9.898658, 10.136101, 10.345178 ] }, { "date": "2025-02-07", "close": 9.981841, "volume": 38130, "typical_volume": 57384.75, "trend": 10.564114, "fair_value": 17.718661, "relative_strength": -9.906742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.956555, "energy": 31.224407, "activity_lines": [ 9.818557, 9.892777, 10.09517, 10.304432 ] }, { "date": "2025-02-14", "close": 10.074265, "volume": 62128, "typical_volume": 56852.15, "trend": 10.505579, "fair_value": 17.589504, "relative_strength": -11.057375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.340643, "energy": 21.542044, "activity_lines": [ 9.920224, 9.909581, 10.068323, 10.272828 ] }, { "date": "2025-02-21", "close": 11.876542, "volume": 429401, "typical_volume": 75301.3, "trend": 10.54717, "fair_value": 17.483156, "relative_strength": 4.54021, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.572995, "energy": 22.014133, "activity_lines": [ 10.598004, 10.255753, 10.219503, 10.361278 ] }, { "date": "2025-02-28", "close": 11.553057, "volume": 120155, "typical_volume": 80350.05, "trend": 10.581059, "fair_value": 17.391324, "relative_strength": 1.739378, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.054973, "energy": 30.754018, "activity_lines": [ 11.023156, 10.514542, 10.337235, 10.426174 ] }, { "date": "2025-03-07", "close": 12.061391, "volume": 184400, "typical_volume": 87248.35, "trend": 10.608786, "fair_value": 17.297419, "relative_strength": 6.132232, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.488953, "energy": 51.286501, "activity_lines": [ 11.485279, 10.842228, 10.502278, 10.521679 ] }, { "date": "2025-03-14", "close": 12.200027, "volume": 72367, "typical_volume": 88605.05, "trend": 10.642675, "fair_value": 17.200847, "relative_strength": 8.86921, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.220363, "energy": 64.583297, "activity_lines": [ 11.848815, 11.160673, 10.673704, 10.62434 ] }, { "date": "2025-03-21", "close": 12.107603, "volume": 209292, "typical_volume": 97338.9, "trend": 10.679645, "fair_value": 17.110792, "relative_strength": 10.051926, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.280116, "energy": 72.452544, "activity_lines": [ 12.033663, 11.423662, 10.829725, 10.718851 ] }, { "date": "2025-03-28", "close": 12.107603, "volume": 44608, "typical_volume": 92332.5, "trend": 10.715075, "fair_value": 17.006519, "relative_strength": 13.350084, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.33616, "energy": 69.270879, "activity_lines": [ 12.082956, 11.64296, 10.979144, 10.810977 ] }, { "date": "2025-04-04", "close": 11.368208, "volume": 113322, "typical_volume": 92472.25, "trend": 10.73664, "fair_value": 16.916464, "relative_strength": 17.911088, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.879864, "energy": 44.361306, "activity_lines": [ 11.87038, 11.684131, 11.050223, 10.853115 ] }, { "date": "2025-04-11", "close": 11.83033, "volume": 110132, "typical_volume": 95600.4, "trend": 10.779772, "fair_value": 16.838259, "relative_strength": 22.843568, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.11434, "energy": 36.259017, "activity_lines": [ 11.824168, 11.776556, 11.160693, 10.923676 ] }, { "date": "2025-04-18", "close": 11.83033, "volume": 38056, "typical_volume": 94799.25, "trend": 10.804418, "fair_value": 16.749981, "relative_strength": 18.320504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.865962, "energy": 28.845008, "activity_lines": [ 11.79336, 11.833691, 11.262139, 10.991454 ] }, { "date": "2025-04-25", "close": 12.061391, "volume": 27802, "typical_volume": 94060.95, "trend": 10.825984, "fair_value": 16.67622, "relative_strength": 16.529227, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.950358, "energy": 28.835295, "activity_lines": [ 11.864219, 11.899228, 11.37833, 11.072549 ] }, { "date": "2025-05-02", "close": 12.292452, "volume": 118521, "typical_volume": 95920.2, "trend": 10.858332, "fair_value": 16.587942, "relative_strength": 16.469264, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.243983, "energy": 37.127218, "activity_lines": [ 12.015179, 11.970647, 11.507504, 11.167159 ] }, { "date": "2025-05-09", "close": 12.153815, "volume": 78967, "typical_volume": 96284.9, "trend": 10.88606, "fair_value": 16.515958, "relative_strength": 15.173888, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.778585, "energy": 35.688299, "activity_lines": [ 12.107603, 12.009297, 11.614013, 11.250739 ] }, { "date": "2025-05-16", "close": 13.042272, "volume": 242987, "typical_volume": 105784.8, "trend": 10.966508, "fair_value": 16.441967, "relative_strength": 18.545413, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.141685, "energy": 53.524352, "activity_lines": [ 12.443806, 12.198562, 11.796113, 11.389849 ] }, { "date": "2025-05-23", "close": 12.754574, "volume": 162277, "typical_volume": 112594.25, "trend": 11.031206, "fair_value": 16.369686, "relative_strength": 18.470831, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.580384, "energy": 64.936241, "activity_lines": [ 12.603313, 12.317684, 11.937121, 11.505208 ] }, { "date": "2025-05-30", "close": 12.562777, "volume": 64517, "typical_volume": 112193.95, "trend": 11.09259, "fair_value": 16.30447, "relative_strength": 15.64059, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.97185, "energy": 61.180342, "activity_lines": [ 12.637272, 12.391851, 12.047099, 11.60402 ] }, { "date": "2025-06-06", "close": 13.569715, "volume": 95577, "typical_volume": 115026.0, "trend": 11.196782, "fair_value": 16.257559, "relative_strength": 23.106166, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.239246, "energy": 76.896813, "activity_lines": [ 12.973451, 12.640822, 12.239365, 11.763834 ] }, { "date": "2025-06-13", "close": 14.001262, "volume": 83869, "typical_volume": 116488.6, "trend": 11.316899, "fair_value": 16.215191, "relative_strength": 29.51341, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.919692, "energy": 76.608096, "activity_lines": [ 13.368328, 12.941672, 12.454326, 11.944768 ] }, { "date": "2025-06-20", "close": 14.816403, "volume": 68249, "typical_volume": 118237.85, "trend": 11.479592, "fair_value": 16.182196, "relative_strength": 36.739975, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.324512, "energy": 84.553575, "activity_lines": [ 13.911756, 13.342856, 12.725798, 12.170543 ] }, { "date": "2025-06-27", "close": 15.343848, "volume": 63767, "typical_volume": 119519.7, "trend": 11.647542, "fair_value": 16.162357, "relative_strength": 37.206847, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.070721, "energy": 89.017733, "activity_lines": [ 14.512723, 13.785647, 13.024041, 12.41985 ] }, { "date": "2025-07-04", "close": 16.015142, "volume": 52776, "typical_volume": 119052.1, "trend": 11.842491, "fair_value": 16.14297, "relative_strength": 41.692255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.052878, "energy": 92.556762, "activity_lines": [ 15.164837, 14.286609, 13.360684, 12.70163 ] }, { "date": "2025-07-11", "close": 15.439748, "volume": 64541, "typical_volume": 100809.1, "trend": 12.013638, "fair_value": 16.12345, "relative_strength": 33.877446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.152434, "energy": 87.532965, "activity_lines": [ 15.394995, 14.611067, 13.614237, 12.933711 ] }, { "date": "2025-07-18", "close": 15.295898, "volume": 122846, "typical_volume": 100943.65, "trend": 12.181531, "fair_value": 16.076347, "relative_strength": 31.759105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.796305, "energy": 73.835502, "activity_lines": [ 15.452534, 14.852148, 13.837123, 13.14547 ] }, { "date": "2025-07-25", "close": 14.576655, "volume": 115426, "typical_volume": 97494.95, "trend": 12.32853, "fair_value": 16.019301, "relative_strength": 21.934489, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.187747, "energy": 55.359186, "activity_lines": [ 15.184016, 14.905328, 13.973687, 13.299994 ] }, { "date": "2025-08-01", "close": 14.24101, "volume": 65933, "typical_volume": 97173.25, "trend": 12.467421, "fair_value": 15.970176, "relative_strength": 21.856789, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.849717, "energy": 38.314408, "activity_lines": [ 14.8196, 14.869584, 14.066306, 13.42338 ] }, { "date": "2025-08-08", "close": 15.295898, "volume": 235474, "typical_volume": 98482.35, "trend": 12.653799, "fair_value": 15.92248, "relative_strength": 26.702771, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.597134, "energy": 34.082003, "activity_lines": [ 14.880336, 14.998612, 14.249673, 13.605862 ] }, { "date": "2025-08-15", "close": 14.528706, "volume": 139435, "typical_volume": 103223.7, "trend": 12.814604, "fair_value": 15.878161, "relative_strength": 18.096467, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.886565, "energy": 24.37992, "activity_lines": [ 14.733291, 14.938457, 14.344791, 13.726824 ] }, { "date": "2025-08-22", "close": 14.384858, "volume": 66457, "typical_volume": 100880.45, "trend": 12.975235, "fair_value": 15.838845, "relative_strength": 14.315904, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.177014, "energy": 20.723487, "activity_lines": [ 14.599032, 14.834711, 14.41468, 13.828131 ] }, { "date": "2025-08-29", "close": 13.761515, "volume": 58726, "typical_volume": 98310.15, "trend": 13.104305, "fair_value": 15.796125, "relative_strength": 11.560964, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.07402, "energy": 14.964548, "activity_lines": [ 14.317729, 14.610657, 14.410838, 13.878859 ] }, { "date": "2025-09-05", "close": 12.754574, "volume": 144634, "typical_volume": 103639.05, "trend": 13.196729, "fair_value": 15.750505, "relative_strength": 3.13492, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.483504, "energy": 12.581678, "activity_lines": [ 13.755121, 14.222701, 14.301901, 13.856295 ] }, { "date": "2025-09-12", "close": 12.514827, "volume": 138162, "typical_volume": 109157.05, "trend": 13.278081, "fair_value": 15.702164, "relative_strength": 0.626103, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.299322, "energy": 28.565332, "activity_lines": [ 13.211693, 13.838233, 14.16573, 13.812302 ] }, { "date": "2025-09-19", "close": 12.275079, "volume": 115014, "typical_volume": 108981.7, "trend": 13.291366, "fair_value": 15.66058, "relative_strength": -1.849711, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.315249, "energy": 42.04336, "activity_lines": [ 12.773754, 13.473817, 14.004566, 13.747592 ] }, { "date": "2025-09-26", "close": 12.466877, "volume": 40612, "typical_volume": 107063.95, "trend": 13.321826, "fair_value": 15.617855, "relative_strength": -0.406885, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.656136, "energy": 51.291126, "activity_lines": [ 12.54999, 13.201813, 13.861751, 13.694399 ] }, { "date": "2025-10-03", "close": 12.370977, "volume": 36436, "typical_volume": 96736.4, "trend": 13.332146, "fair_value": 15.579552, "relative_strength": -4.299552, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.364002, "energy": 52.117977, "activity_lines": [ 12.422124, 12.963808, 13.708313, 13.633054 ] }, { "date": "2025-10-10", "close": 11.987381, "volume": 59645, "typical_volume": 91604.8, "trend": 13.325058, "fair_value": 15.533162, "relative_strength": -6.552093, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.287915, "energy": 49.605008, "activity_lines": [ 12.259095, 12.696163, 13.521538, 13.546295 ] }, { "date": "2025-10-17", "close": 12.227129, "volume": 47373, "typical_volume": 90747.6, "trend": 13.329042, "fair_value": 15.493048, "relative_strength": -4.634043, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.484778, "energy": 40.369145, "activity_lines": [ 12.227129, 12.513083, 13.36125, 13.475461 ] }, { "date": "2025-10-24", "close": 12.466877, "volume": 11589, "typical_volume": 86548.2, "trend": 13.341018, "fair_value": 15.440844, "relative_strength": -5.862066, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.912139, "energy": 30.903336, "activity_lines": [ 12.294258, 12.429389, 13.225393, 13.419837 ] }, { "date": "2025-10-31", "close": 12.514827, "volume": 45102, "typical_volume": 84609.85, "trend": 13.379238, "fair_value": 15.379469, "relative_strength": -4.950141, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.060857, "energy": 36.556248, "activity_lines": [ 12.364585, 12.391901, 13.099354, 13.366535 ] }, { "date": "2025-11-07", "close": 13.09022, "volume": 183986, "typical_volume": 90396.7, "trend": 13.421235, "fair_value": 15.304007, "relative_strength": 0.368172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.218235, "energy": 24.492419, "activity_lines": [ 12.623512, 12.493031, 13.035193, 13.347888 ] }, { "date": "2025-11-14", "close": 12.946372, "volume": 105164, "typical_volume": 92466.55, "trend": 13.458436, "fair_value": 15.224069, "relative_strength": -1.818042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.401296, "energy": 19.304192, "activity_lines": [ 12.78654, 12.580212, 12.965552, 13.317252 ] }, { "date": "2025-11-21", "close": 12.514827, "volume": 86243, "typical_volume": 94139.9, "trend": 13.47355, "fair_value": 15.151437, "relative_strength": -3.32557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.264804, "energy": 19.11906, "activity_lines": [ 12.741788, 12.585443, 12.866228, 13.256374 ] }, { "date": "2025-11-28", "close": 12.370977, "volume": 107236, "typical_volume": 96274.65, "trend": 13.476168, "fair_value": 15.068403, "relative_strength": -7.593077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.80387, "energy": 20.21147, "activity_lines": [ 12.629905, 12.564519, 12.769872, 13.18524 ] }, { "date": "2025-12-05", "close": 13.425867, "volume": 321021, "typical_volume": 106183.4, "trend": 13.51857, "fair_value": 14.995685, "relative_strength": -1.431595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.486215, "energy": 13.365683, "activity_lines": [ 12.876046, 12.73365, 12.788595, 13.181995 ] }, { "date": "2025-12-12", "close": 13.521767, "volume": 138098, "typical_volume": 107317.0, "trend": 13.534553, "fair_value": 14.933062, "relative_strength": -0.831657, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.306889, "energy": 8.736246, "activity_lines": [ 13.093417, 12.902782, 12.825357, 13.182201 ] }, { "date": "2025-12-19", "close": 13.809464, "volume": 65153, "typical_volume": 107278.0, "trend": 13.569716, "fair_value": 14.867544, "relative_strength": 0.271029, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.090323, "energy": 11.883521, "activity_lines": [ 13.377918, 13.103298, 12.894541, 13.199937 ] }, { "date": "2025-12-26", "close": 13.665615, "volume": 23227, "typical_volume": 96665.65, "trend": 13.606477, "fair_value": 14.795771, "relative_strength": -1.325254, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.943141, "energy": 17.571923, "activity_lines": [ 13.55693, 13.244531, 12.95208, 13.206124 ] }, { "date": "2026-01-02", "close": 13.617665, "volume": 29516, "typical_volume": 91169.7, "trend": 13.608075, "fair_value": 14.729023, "relative_strength": -3.041254, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.469502, "energy": 28.409572, "activity_lines": [ 13.643239, 13.350892, 13.012816, 13.206846 ] }, { "date": "2026-01-09", "close": 13.473817, "volume": 51800, "typical_volume": 90436.85, "trend": 13.590494, "fair_value": 14.66076, "relative_strength": -7.328231, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.326157, "energy": 24.945753, "activity_lines": [ 13.598486, 13.410175, 13.064191, 13.198184 ] }, { "date": "2026-01-16", "close": 13.665615, "volume": 70315, "typical_volume": 91016.3, "trend": 13.552134, "fair_value": 14.59195, "relative_strength": -8.288231, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.42839, "energy": 15.379036, "activity_lines": [ 13.614469, 13.486894, 13.13817, 13.203031 ] }, { "date": "2026-01-23", "close": 13.809464, "volume": 55615, "typical_volume": 86565.35, "trend": 13.500988, "fair_value": 14.533541, "relative_strength": -6.904734, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.422284, "energy": 18.196804, "activity_lines": [ 13.668812, 13.579306, 13.226306, 13.219633 ] }, { "date": "2026-01-30", "close": 13.617665, "volume": 24785, "typical_volume": 80896.5, "trend": 13.421072, "fair_value": 14.466793, "relative_strength": -8.873707, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.121532, "energy": 15.189058, "activity_lines": [ 13.659222, 13.621153, 13.291152, 13.22716 ] }, { "date": "2026-02-06", "close": 15.343848, "volume": 141073, "typical_volume": 82199.45, "trend": 13.417876, "fair_value": 14.414665, "relative_strength": -0.850209, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 49.735509, "energy": 50.354841, "activity_lines": [ 14.228223, 13.956799, 13.515145, 13.35121 ] }, { "date": "2026-02-13", "close": 15.439748, "volume": 139402, "typical_volume": 87138.95, "trend": 13.422671, "fair_value": 14.359004, "relative_strength": -0.686423, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 76.415376, "energy": 72.977541, "activity_lines": [ 14.714111, 14.25583, 13.733658, 13.481654 ] }, { "date": "2026-02-20", "close": 15.823343, "volume": 401317, "typical_volume": 105383.0, "trend": 13.464227, "fair_value": 14.273217, "relative_strength": -0.398161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.290825, "energy": 77.273478, "activity_lines": [ 15.196803, 14.587989, 13.974547, 13.636536 ] }, { "date": "2026-02-27", "close": 15.919243, "volume": 1311371, "typical_volume": 167969.3, "trend": 13.520168, "fair_value": 14.191007, "relative_strength": -1.375049, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.753228, "energy": 80.391673, "activity_lines": [ 15.567613, 14.895738, 14.20813, 13.794924 ] }, { "date": "2026-03-06", "close": 15.679495, "volume": 223928, "typical_volume": 176797.05, "trend": 13.532955, "fair_value": 14.087117, "relative_strength": 2.736106, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.33484, "energy": 78.223392, "activity_lines": [ 15.717855, 15.121537, 14.400156, 13.934235 ] }, { "date": "2026-03-13", "close": 16.158991, "volume": 615569, "typical_volume": 206996.05, "trend": 13.587297, "fair_value": 13.98867, "relative_strength": 6.246055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.679067, "energy": 77.262236, "activity_lines": [ 15.890473, 15.397901, 14.621409, 14.103657 ] }, { "date": "2026-03-20", "close": 15.631545, "volume": 180395, "typical_volume": 213760.7, "trend": 13.628854, "fair_value": 13.886249, "relative_strength": 7.953286, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.563992, "energy": 61.498439, "activity_lines": [ 15.832934, 15.532159, 14.774847, 14.235544 ] }, { "date": "2026-03-27", "close": 15.2, "volume": 41203, "typical_volume": 206621.55, "trend": 13.676803, "fair_value": 13.776322, "relative_strength": 4.783683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.974845, "energy": 44.14686, "activity_lines": [ 15.618759, 15.548724, 14.872345, 14.336908 ] }, { "date": "2026-04-03", "close": 16.11104, "volume": 70677, "typical_volume": 204897.2, "trend": 13.788685, "fair_value": 13.678753, "relative_strength": 7.06495, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.099647, "energy": 44.926751, "activity_lines": [ 15.749821, 15.703034, 15.046561, 14.493956 ] }, { "date": "2026-04-10", "close": 14.576655, "volume": 174204, "typical_volume": 209295.25, "trend": 13.857413, "fair_value": 13.57431, "relative_strength": -7.445758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.073796, "energy": 25.092374, "activity_lines": [ 15.356634, 15.536518, 15.059576, 14.544793 ] }, { "date": "2026-04-17", "close": 15.535647, "volume": 128142, "typical_volume": 210340.55, "trend": 13.966099, "fair_value": 13.487863, "relative_strength": -3.544405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.456136, "energy": 22.227986, "activity_lines": [ 15.356635, 15.526928, 15.154105, 14.653066 ] }, { "date": "2026-04-24", "close": 15.583596, "volume": 127420, "typical_volume": 200660.5, "trend": 14.069989, "fair_value": 13.416536, "relative_strength": -0.738887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.439303, "energy": 23.245933, "activity_lines": [ 15.414174, 15.522569, 15.238131, 14.75742 ] }, { "date": "2026-05-01", "close": 15.391797, "volume": 58486, "typical_volume": 196679.9, "trend": 14.170683, "fair_value": 13.362938, "relative_strength": -0.674426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.456099, "energy": 17.614852, "activity_lines": [ 15.410977, 15.480722, 15.293615, 14.842698 ] }, { "date": "2026-05-08", "close": 14.432807, "volume": 169516, "typical_volume": 201898.05, "trend": 14.252197, "fair_value": 13.297268, "relative_strength": -7.16869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.170015, "energy": 11.284534, "activity_lines": [ 15.075331, 15.27236, 15.248862, 14.85961 ] }, { "date": "2026-05-15", "close": 15.4, "volume": 53308, "typical_volume": 203402.1, "trend": 14.35796, "fair_value": 13.23839, "relative_strength": 0.288322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.073776, "energy": 10.998143, "activity_lines": [ 15.173964, 15.266877, 15.293255, 14.933661 ] }, { "date": "2026-05-22", "close": 15.05, "volume": 63146, "typical_volume": 205083.6, "trend": 14.444064, "fair_value": 13.183786, "relative_strength": -5.278293, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.808705, "energy": 11.553376, "activity_lines": [ 15.101041, 15.202839, 15.296055, 14.978309 ] }, { "date": "2026-05-29", "close": 14.55, "volume": 54580, "typical_volume": 205222.6, "trend": 14.511903, "fair_value": 13.123015, "relative_strength": -8.05175, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.929164, "energy": 10.026817, "activity_lines": [ 14.893827, 15.068055, 15.244415, 14.985144 ] }, { "date": "2026-06-05", "close": 14.25, "volume": 1291, "typical_volume": 201771.4, "trend": 14.550562, "fair_value": 13.073947, "relative_strength": -9.04019, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.088238, "energy": 12.171231, "activity_lines": [ 14.65552, 14.898391, 15.15908, 14.968247 ] }, { "date": "2026-06-12", "close": 13.2, "volume": 6967, "typical_volume": 199339.0, "trend": 14.559017, "fair_value": 13.017556, "relative_strength": -15.194541, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.348598, "energy": 44.427371, "activity_lines": [ 14.143333, 14.55509, 14.970961, 14.881114 ] }, { "date": "2026-06-19", "close": 13.05, "volume": 106145, "typical_volume": 203407.0, "trend": 14.576856, "fair_value": 12.959611, "relative_strength": -17.254158, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.705026, "energy": 54.326217, "activity_lines": [ 13.663333, 14.237445, 14.771459, 14.783758 ] }, { "date": "2026-06-26", "close": 13.5, "volume": 9778, "typical_volume": 196842.25, "trend": 14.61449, "fair_value": 12.901588, "relative_strength": -13.099556, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.831309, "energy": 52.622532, "activity_lines": [ 13.49, 14.029375, 14.617517, 14.714283 ] }, { "date": "2026-07-03", "close": 14.0, "volume": 12833, "typical_volume": 190513.8, "trend": 14.633628, "fair_value": 12.840845, "relative_strength": -11.765072, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.839638, "energy": 47.13385, "activity_lines": [ 13.586667, 13.949226, 14.519975, 14.674639 ] }, { "date": "2026-07-10", "close": 13.35, "volume": 31910, "typical_volume": 172043.45, "trend": 14.627902, "fair_value": 12.786008, "relative_strength": -13.392306, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.171662, "energy": 48.912405, "activity_lines": [ 13.503333, 13.779687, 14.367384, 14.591824 ] }, { "date": "2026-07-17", "close": 13.4, "volume": 86472, "typical_volume": 110798.5, "trend": 14.614253, "fair_value": 12.76704, "relative_strength": -11.603382, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.235209, "energy": 36.510419, "activity_lines": [ 13.496667, 13.656364, 14.231332, 14.512605 ] }, { "date": "2026-07-24", "close": 12.95, "volume": 30919, "typical_volume": 101148.05, "trend": 14.590399, "fair_value": 12.746964, "relative_strength": -15.45684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.650102, "energy": 38.666145, "activity_lines": [ 13.326667, 13.47, 14.06442, 14.405233 ] }, { "date": "2026-07-31", "close": 13.7, "volume": 60678, "typical_volume": 73403.5, "trend": 14.593144, "fair_value": 12.724289, "relative_strength": -11.364432, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.811174, "energy": 33.436626, "activity_lines": [ 13.413333, 13.464545, 13.981934, 14.347788 ] }, { "date": "2026-08-07", "close": 13.35, "volume": 39454, "typical_volume": 66356.45, "trend": 14.589017, "fair_value": 12.70026, "relative_strength": -14.698613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.211289, "energy": 33.431165, "activity_lines": [ 13.37, 13.42, 13.877824, 14.267585 ] } ], "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." } } }