{ "ticker": { "uuid": "f9bf6f47-e583-44ed-9edf-a80d9e050e72", "symbol": "MDU", "name": "MDU Resources Group Inc", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -18.84, "architecture_energy": 31.441, "architecture_maturity": 3.665, "architecture_confidence": 54.092, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 42.66, "rotation_up": 18.32, "upward_expansion": 20.49, "deceleration": 53.03, "rotation_down": 53.95, "downward_expansion": 47.83 }, "activity_lines": [ 20.637333, 20.859781, 21.174724, 21.143433 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 20.55, "trend_reference": 20.98684, "distance_from_trend": -0.020815, "trend_direction": "Improving", "fair_value": 15.791917, "distance_from_fair_value": 0.301299, "fair_value_direction": "Weakening", "relative_strength": -7.67969, "relative_strength_direction": "Weakening", "price_momentum": 0.023902, "excess_performance": -0.101723, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.020815, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.019945, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.301299, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.196432, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.076797, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.144531, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.023902, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.922785, "read": "Demand-led" } ], "volume": { "latest": 11528719, "relative_activity": 1.458202, "balance": 1.922785, "dry_up": 0.9505, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.048061, "annualized_volatility": 0.23116, "from_high_reference": -0.099757, "from_low_reference": 0.332095 }, "levels": { "trend_reference": 20.98684, "fair_value_reference": 15.791917, "structural_low": 19.484544, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": -0.004182, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.016171, "regime_survival": 0.0, "best_return": -0.004182, "worst_return": -0.004182, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.026803, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.066973, "regime_survival": 0.0, "best_return": 0.026803, "worst_return": 0.026803, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.321319, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.105684, "regime_survival": 0.0, "best_return": 0.321319, "worst_return": 0.321319, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.45603, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.104004, "regime_survival": 0.0, "best_return": 0.45603, "worst_return": 0.45603, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-27", "end": "2023-12-22", "tenure": "Developing", "return": 0.089916, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-02-09", "tenure": "Developing", "return": 0.028283, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-16", "end": "2024-03-01", "tenure": "New", "return": 0.036842, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-06-14", "tenure": "Established", "return": 0.095192, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.001187, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2025-01-03", "tenure": "Established", "return": 0.268093, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-04-18", "tenure": "Established", "return": -0.046671, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.03853, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-10-03", "tenure": "Established", "return": 0.036891, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-12-19", "tenure": "Developing", "return": 0.029688, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": 0.049797, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-05-29", "tenure": "Established", "return": 0.050555, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-07-31", "tenure": "Developing", "return": -0.059758, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 10.445241, "volume": 7192036, "typical_volume": 7471144.5, "trend": 10.539576, "fair_value": 9.762167, "relative_strength": -7.288692, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.042189, "energy": 20.062841, "activity_lines": [ 10.806715, 10.827672, 10.653775, 10.57837 ] }, { "date": "2023-08-25", "close": 10.307131, "volume": 9597685, "typical_volume": 7796043.7, "trend": 10.531418, "fair_value": 9.77968, "relative_strength": -9.027729, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.817373, "energy": 15.655723, "activity_lines": [ 10.597333, 10.744899, 10.633586, 10.563374 ] }, { "date": "2023-09-01", "close": 10.475932, "volume": 15697552, "typical_volume": 8428021.3, "trend": 10.524174, "fair_value": 9.797148, "relative_strength": -9.623811, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.274299, "energy": 13.447177, "activity_lines": [ 10.508329, 10.697095, 10.629577, 10.559794 ] }, { "date": "2023-09-08", "close": 10.128099, "volume": 6400886, "typical_volume": 8590376.05, "trend": 10.507865, "fair_value": 9.81404, "relative_strength": -11.283759, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.742204, "energy": 29.559414, "activity_lines": [ 10.354873, 10.580841, 10.591989, 10.534241 ] }, { "date": "2023-09-15", "close": 10.368088, "volume": 7693281, "typical_volume": 8796123.25, "trend": 10.491164, "fair_value": 9.833256, "relative_strength": -8.84676, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.673772, "energy": 25.598349, "activity_lines": [ 10.322676, 10.518823, 10.57833, 10.525223 ] }, { "date": "2023-09-22", "close": 10.409272, "volume": 5569235, "typical_volume": 8730248.65, "trend": 10.470318, "fair_value": 9.854121, "relative_strength": -5.553096, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.307395, "energy": 23.989128, "activity_lines": [ 10.344134, 10.46737, 10.567546, 10.51994 ] }, { "date": "2023-09-29", "close": 10.079799, "volume": 5537818, "typical_volume": 8779475.8, "trend": 10.442629, "fair_value": 9.871633, "relative_strength": -7.702106, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.72864, "energy": 34.502597, "activity_lines": [ 10.258165, 10.366153, 10.524307, 10.494745 ] }, { "date": "2023-10-06", "close": 9.848139, "volume": 6139463, "typical_volume": 8749996.8, "trend": 10.425328, "fair_value": 9.886647, "relative_strength": -10.011501, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.399916, "energy": 40.29967, "activity_lines": [ 10.110132, 10.244434, 10.459265, 10.456391 ] }, { "date": "2023-10-13", "close": 9.796659, "volume": 3945357, "typical_volume": 8624434.05, "trend": 10.415805, "fair_value": 9.899595, "relative_strength": -10.610821, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.154706, "energy": 54.862112, "activity_lines": [ 9.986792, 10.138814, 10.390916, 10.415832 ] }, { "date": "2023-10-20", "close": 9.678255, "volume": 5290503, "typical_volume": 8216121.1, "trend": 10.401988, "fair_value": 9.910419, "relative_strength": -9.281323, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.289687, "energy": 72.783734, "activity_lines": [ 9.84608, 10.028945, 10.31308, 10.368248 ] }, { "date": "2023-10-27", "close": 9.415706, "volume": 4587391, "typical_volume": 7965866.4, "trend": 10.36298, "fair_value": 9.921648, "relative_strength": -9.297521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.980556, "energy": 79.793025, "activity_lines": [ 9.66384, 9.894771, 10.213358, 10.304617 ] }, { "date": "2023-11-03", "close": 9.806955, "volume": 10399859, "typical_volume": 8008834.85, "trend": 10.34558, "fair_value": 9.936419, "relative_strength": -10.458054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.63627, "energy": 69.842421, "activity_lines": [ 9.678255, 9.850452, 10.156254, 10.268744 ] }, { "date": "2023-11-10", "close": 9.441446, "volume": 5558684, "typical_volume": 7969852.9, "trend": 10.31426, "fair_value": 9.945559, "relative_strength": -14.630266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.207787, "energy": 68.009214, "activity_lines": [ 9.589022, 9.748771, 10.067842, 10.210413 ] }, { "date": "2023-11-17", "close": 9.626775, "volume": 4744750, "typical_volume": 7821789.2, "trend": 10.290044, "fair_value": 9.956239, "relative_strength": -14.560896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.048625, "energy": 52.533796, "activity_lines": [ 9.588679, 9.699596, 10.000643, 10.166059 ] }, { "date": "2023-11-24", "close": 9.786363, "volume": 3570925, "typical_volume": 7619250.35, "trend": 10.277978, "fair_value": 9.966246, "relative_strength": -13.627857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.030229, "energy": 39.370059, "activity_lines": [ 9.652858, 9.688551, 9.953806, 10.133563 ] }, { "date": "2023-12-01", "close": 9.940803, "volume": 6360928, "typical_volume": 7344311.15, "trend": 10.269903, "fair_value": 9.977843, "relative_strength": -12.632377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.701917, "energy": 30.281444, "activity_lines": [ 9.761309, 9.716163, 9.925254, 10.11181 ] }, { "date": "2023-12-08", "close": 9.940803, "volume": 4071415, "typical_volume": 7187226.8, "trend": 10.263448, "fair_value": 9.989885, "relative_strength": -12.457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.46501, "energy": 20.603595, "activity_lines": [ 9.834754, 9.752292, 9.901588, 10.090578 ] }, { "date": "2023-12-15", "close": 10.148359, "volume": 7194042, "typical_volume": 7171624.25, "trend": 10.262291, "fair_value": 10.001152, "relative_strength": -12.359956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.51028, "energy": 19.453075, "activity_lines": [ 9.968461, 9.828687, 9.904014, 10.083153 ] }, { "date": "2023-12-22", "close": 10.262327, "volume": 5826689, "typical_volume": 6656634.55, "trend": 10.26528, "fair_value": 10.013232, "relative_strength": -11.762487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.390468, "energy": 16.848323, "activity_lines": [ 10.09303, 9.920344, 9.922531, 10.083155 ] }, { "date": "2023-12-29", "close": 10.257147, "volume": 2566117, "typical_volume": 6397230.8, "trend": 10.262748, "fair_value": 10.024049, "relative_strength": -11.68648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.572858, "energy": 16.447901, "activity_lines": [ 10.173502, 10.002593, 9.942864, 10.08263 ] }, { "date": "2024-01-05", "close": 10.112096, "volume": 5298557, "typical_volume": 6302556.85, "trend": 10.248466, "fair_value": 10.033122, "relative_strength": -11.145488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.078413, "energy": 18.009966, "activity_lines": [ 10.174238, 10.047943, 9.952762, 10.072911 ] }, { "date": "2024-01-12", "close": 10.096555, "volume": 4721403, "typical_volume": 6058742.75, "trend": 10.233604, "fair_value": 10.039844, "relative_strength": -12.498988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.192912, "energy": 14.893846, "activity_lines": [ 10.158374, 10.077806, 9.962766, 10.06311 ] }, { "date": "2024-01-19", "close": 9.847897, "volume": 3623614, "typical_volume": 5455045.85, "trend": 10.222218, "fair_value": 10.045138, "relative_strength": -15.256885, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.190623, "energy": 13.419907, "activity_lines": [ 10.049241, 10.057193, 9.950092, 10.038226 ] }, { "date": "2024-01-26", "close": 10.075833, "volume": 4830509, "typical_volume": 5376527.0, "trend": 10.201038, "fair_value": 10.054897, "relative_strength": -13.786512, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.323972, "energy": 12.274661, "activity_lines": [ 10.036117, 10.070634, 9.962116, 10.028782 ] }, { "date": "2024-02-02", "close": 10.262327, "volume": 4565791, "typical_volume": 5220152.5, "trend": 10.191871, "fair_value": 10.064767, "relative_strength": -13.034994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.893503, "energy": 6.739843, "activity_lines": [ 10.097591, 10.109817, 9.992151, 10.032736 ] }, { "date": "2024-02-09", "close": 10.547248, "volume": 7439450, "typical_volume": 5313663.25, "trend": 10.17788, "fair_value": 10.074419, "relative_strength": -11.458695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.055349, "energy": 23.942985, "activity_lines": [ 10.253693, 10.19215, 10.049824, 10.055663 ] }, { "date": "2024-02-16", "close": 10.826988, "volume": 6629771, "typical_volume": 5368260.9, "trend": 10.163153, "fair_value": 10.084551, "relative_strength": -8.401012, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.888213, "energy": 61.507081, "activity_lines": [ 10.474032, 10.314319, 10.133483, 10.097541 ] }, { "date": "2024-02-23", "close": 11.034203, "volume": 4005713, "typical_volume": 5261573.4, "trend": 10.156016, "fair_value": 10.096678, "relative_strength": -7.690536, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.180402, "energy": 73.801423, "activity_lines": [ 10.714747, 10.458051, 10.233318, 10.153738 ] }, { "date": "2024-03-01", "close": 11.225877, "volume": 5014267, "typical_volume": 5315018.9, "trend": 10.171977, "fair_value": 10.104611, "relative_strength": -6.581508, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.814106, "energy": 89.695904, "activity_lines": [ 10.940266, 10.620526, 10.34576, 10.222761 ] }, { "date": "2024-03-08", "close": 11.702472, "volume": 6216479, "typical_volume": 5361317.7, "trend": 10.196493, "fair_value": 10.113548, "relative_strength": -2.046118, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.017477, "energy": 95.587182, "activity_lines": [ 11.24798, 10.852136, 10.496786, 10.321503 ] }, { "date": "2024-03-15", "close": 11.705033, "volume": 9379108, "typical_volume": 5600903.55, "trend": 10.238486, "fair_value": 10.124076, "relative_strength": -1.704157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.490961, "energy": 93.30023, "activity_lines": [ 11.460539, 11.057933, 10.638417, 10.418828 ] }, { "date": "2024-03-22", "close": 11.98112, "volume": 6127467, "typical_volume": 5387283.95, "trend": 10.294286, "fair_value": 10.135177, "relative_strength": -1.347925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.293619, "energy": 93.90964, "activity_lines": [ 11.68794, 11.284966, 10.79544, 10.531256 ] }, { "date": "2024-03-29", "close": 13.12714, "volume": 9396813, "typical_volume": 5579190.4, "trend": 10.382659, "fair_value": 10.152553, "relative_strength": 7.805274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.011704, "energy": 98.198697, "activity_lines": [ 12.220407, 11.6861, 11.051255, 10.714021 ] }, { "date": "2024-04-05", "close": 13.012538, "volume": 10524363, "typical_volume": 5868171.05, "trend": 10.478807, "fair_value": 10.169258, "relative_strength": 7.866026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.063129, "energy": 94.903719, "activity_lines": [ 12.575143, 12.006775, 11.278605, 10.88369 ] }, { "date": "2024-04-12", "close": 12.601013, "volume": 4889481, "typical_volume": 5934098.85, "trend": 10.553238, "fair_value": 10.181057, "relative_strength": 6.080774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.285855, "energy": 83.300366, "activity_lines": [ 12.673594, 12.199233, 11.450638, 11.020607 ] }, { "date": "2024-04-19", "close": 12.507247, "volume": 5232490, "typical_volume": 5877676.95, "trend": 10.623171, "fair_value": 10.191016, "relative_strength": 8.647874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.727241, "energy": 67.347295, "activity_lines": [ 12.680887, 12.332121, 11.600339, 11.146672 ] }, { "date": "2024-04-26", "close": 12.851053, "volume": 4286180, "typical_volume": 5888415.2, "trend": 10.715546, "fair_value": 10.203136, "relative_strength": 8.709513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.437153, "energy": 67.099993, "activity_lines": [ 12.749301, 12.491883, 11.770562, 11.290406 ] }, { "date": "2024-05-03", "close": 13.054212, "volume": 6206928, "typical_volume": 5839059.5, "trend": 10.822415, "fair_value": 10.214271, "relative_strength": 9.728842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.626958, "energy": 66.700193, "activity_lines": [ 12.827438, 12.651782, 11.946275, 11.441288 ] }, { "date": "2024-05-10", "close": 13.293834, "volume": 5525970, "typical_volume": 5824023.55, "trend": 10.938987, "fair_value": 10.227151, "relative_strength": 9.644963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.708012, "energy": 68.996086, "activity_lines": [ 12.990312, 12.81852, 12.130972, 11.600734 ] }, { "date": "2024-05-17", "close": 13.272997, "volume": 5130552, "typical_volume": 5952245.3, "trend": 11.058812, "fair_value": 10.241095, "relative_strength": 7.658174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.429771, "energy": 67.386969, "activity_lines": [ 13.127487, 12.943872, 12.299249, 11.751316 ] }, { "date": "2024-05-24", "close": 13.137558, "volume": 6338547, "typical_volume": 6004244.8, "trend": 11.182874, "fair_value": 10.254633, "relative_strength": 6.540357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.285456, "energy": 64.187406, "activity_lines": [ 13.174717, 13.016042, 12.440266, 11.885428 ] }, { "date": "2024-05-31", "close": 13.147977, "volume": 5241699, "typical_volume": 6030259.6, "trend": 11.294241, "fair_value": 10.267943, "relative_strength": 7.005181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.461928, "energy": 61.820731, "activity_lines": [ 13.183399, 13.064062, 12.567868, 12.012209 ] }, { "date": "2024-06-07", "close": 12.74687, "volume": 4810341, "typical_volume": 6089595.95, "trend": 11.404422, "fair_value": 10.279202, "relative_strength": 2.535939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.02325, "energy": 51.108741, "activity_lines": [ 13.038584, 13.017937, 12.642738, 12.105927 ] }, { "date": "2024-06-14", "close": 12.816457, "volume": 4984841, "typical_volume": 6097312.55, "trend": 11.510745, "fair_value": 10.296592, "relative_strength": 1.483236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.818108, "energy": 38.094188, "activity_lines": [ 12.937454, 12.991378, 12.710432, 12.197026 ] }, { "date": "2024-06-21", "close": 13.23006, "volume": 7892013, "typical_volume": 6263623.65, "trend": 11.625535, "fair_value": 10.313949, "relative_strength": 4.050946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.065499, "energy": 38.977307, "activity_lines": [ 13.006017, 13.043585, 12.804465, 12.30795 ] }, { "date": "2024-06-28", "close": 13.141057, "volume": 8021566, "typical_volume": 6292729.45, "trend": 11.73221, "fair_value": 10.331602, "relative_strength": 3.43643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.451308, "energy": 37.221313, "activity_lines": [ 13.047774, 13.068172, 12.87589, 12.405725 ] }, { "date": "2024-07-05", "close": 12.858341, "volume": 3951632, "typical_volume": 6158822.5, "trend": 11.829461, "fair_value": 10.348014, "relative_strength": -0.593524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.79017, "energy": 34.57319, "activity_lines": [ 12.99506, 13.029833, 12.908038, 12.478379 ] }, { "date": "2024-07-12", "close": 13.245767, "volume": 3885414, "typical_volume": 6152807.55, "trend": 11.932708, "fair_value": 10.366655, "relative_strength": 1.515376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.121767, "energy": 44.011848, "activity_lines": [ 13.090796, 13.061802, 12.967411, 12.569753 ] }, { "date": "2024-07-19", "close": 13.696018, "volume": 5857989, "typical_volume": 6194993.65, "trend": 12.047165, "fair_value": 10.387992, "relative_strength": 7.097903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.938429, "energy": 52.216731, "activity_lines": [ 13.303357, 13.172152, 13.059133, 12.683515 ] }, { "date": "2024-07-26", "close": 14.230037, "volume": 4494926, "typical_volume": 6108916.0, "trend": 12.179594, "fair_value": 10.412182, "relative_strength": 12.09512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.28456, "energy": 74.782282, "activity_lines": [ 13.635286, 13.372284, 13.189952, 12.824346 ] }, { "date": "2024-08-02", "close": 13.580838, "volume": 4956016, "typical_volume": 5887761.4, "trend": 12.295219, "fair_value": 10.429759, "relative_strength": 9.199332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.363956, "energy": 65.942245, "activity_lines": [ 13.684151, 13.43698, 13.246907, 12.914749 ] }, { "date": "2024-08-09", "close": 12.805986, "volume": 5601698, "typical_volume": 5861472.95, "trend": 12.385533, "fair_value": 10.442158, "relative_strength": 3.030418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.414496, "energy": 39.488183, "activity_lines": [ 13.445413, 13.352733, 13.221133, 12.947701 ] }, { "date": "2024-08-16", "close": 12.931638, "volume": 4551495, "typical_volume": 5619207.05, "trend": 12.488325, "fair_value": 10.456588, "relative_strength": 0.117033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.873088, "energy": 23.848491, "activity_lines": [ 13.252049, 13.29755, 13.203399, 12.982934 ] }, { "date": "2024-08-23", "close": 13.193412, "volume": 3551558, "typical_volume": 5270566.8, "trend": 12.592244, "fair_value": 10.472823, "relative_strength": 0.746512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.2587, "energy": 18.254785, "activity_lines": [ 13.166886, 13.286604, 13.211526, 13.028423 ] }, { "date": "2024-08-30", "close": 13.449951, "volume": 4147646, "typical_volume": 5233475.05, "trend": 12.698498, "fair_value": 10.491062, "relative_strength": 2.39635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.917518, "energy": 20.94004, "activity_lines": [ 13.200742, 13.315446, 13.243225, 13.083759 ] }, { "date": "2024-09-06", "close": 12.947344, "volume": 3947610, "typical_volume": 5169231.05, "trend": 12.778501, "fair_value": 10.508429, "relative_strength": 2.746894, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.6823, "energy": 11.979736, "activity_lines": [ 13.119068, 13.248908, 13.223013, 13.099814 ] }, { "date": "2024-09-13", "close": 14.423384, "volume": 5822424, "typical_volume": 5246043.25, "trend": 12.898381, "fair_value": 10.537131, "relative_strength": 9.866741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.287997, "energy": 39.531119, "activity_lines": [ 13.571641, 13.454263, 13.341281, 13.205935 ] }, { "date": "2024-09-20", "close": 14.354977, "volume": 9911927, "typical_volume": 5431293.2, "trend": 13.009074, "fair_value": 10.566479, "relative_strength": 7.747446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.463764, "energy": 61.363199, "activity_lines": [ 13.893584, 13.618724, 13.445547, 13.299909 ] }, { "date": "2024-09-27", "close": 14.423384, "volume": 6009781, "typical_volume": 5455483.75, "trend": 13.115657, "fair_value": 10.594478, "relative_strength": 7.532727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.80833, "energy": 70.354698, "activity_lines": [ 14.143441, 13.775456, 13.550133, 13.391155 ] }, { "date": "2024-10-04", "close": 14.33919, "volume": 5956666, "typical_volume": 5496789.45, "trend": 13.203548, "fair_value": 10.620789, "relative_strength": 6.467357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.09725, "energy": 73.020867, "activity_lines": [ 14.283235, 13.903655, 13.641323, 13.470093 ] }, { "date": "2024-10-11", "close": 15.039048, "volume": 48120964, "typical_volume": 7585910.3, "trend": 13.314682, "fair_value": 10.651331, "relative_strength": 10.127584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.282124, "energy": 79.254479, "activity_lines": [ 14.597033, 14.157117, 13.794088, 13.588512 ] }, { "date": "2024-10-18", "close": 15.933603, "volume": 15351896, "typical_volume": 8091420.15, "trend": 13.446431, "fair_value": 10.687118, "relative_strength": 15.305018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.895323, "energy": 88.57311, "activity_lines": [ 15.069568, 14.546712, 14.022994, 13.757475 ] }, { "date": "2024-10-25", "close": 15.14429, "volume": 10202941, "typical_volume": 8361050.15, "trend": 13.513669, "fair_value": 10.718824, "relative_strength": 10.381641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.847698, "energy": 77.422993, "activity_lines": [ 15.178318, 14.735929, 14.163463, 13.867014 ] }, { "date": "2024-11-01", "close": 14.342084, "volume": 15804308, "typical_volume": 8902023.5, "trend": 13.557988, "fair_value": 10.749451, "relative_strength": 5.80598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.327142, "energy": 57.0026, "activity_lines": [ 14.967045, 14.739061, 14.216115, 13.92046 ] }, { "date": "2024-11-08", "close": 17.030038, "volume": 25383288, "typical_volume": 9776587.25, "trend": 13.705622, "fair_value": 10.797138, "relative_strength": 19.281281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.309212, "energy": 70.72358, "activity_lines": [ 15.657177, 15.210027, 14.517497, 14.144463 ] }, { "date": "2024-11-15", "close": 17.419459, "volume": 10869614, "typical_volume": 9918989.65, "trend": 13.869362, "fair_value": 10.848236, "relative_strength": 23.792733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.923309, "energy": 76.443406, "activity_lines": [ 16.297725, 15.686704, 14.837873, 14.384066 ] }, { "date": "2024-11-22", "close": 18.93915, "volume": 10333843, "typical_volume": 10238100.2, "trend": 14.072299, "fair_value": 10.90948, "relative_strength": 31.333475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.967459, "energy": 93.736359, "activity_lines": [ 17.286144, 16.358378, 15.282607, 14.711149 ] }, { "date": "2024-11-29", "close": 19.034131, "volume": 8390853, "typical_volume": 10463372.15, "trend": 14.271629, "fair_value": 10.971673, "relative_strength": 29.458591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.557713, "energy": 94.442204, "activity_lines": [ 18.105853, 16.965216, 15.707431, 15.031267 ] }, { "date": "2024-12-06", "close": 18.492741, "volume": 8745189, "typical_volume": 10607732.15, "trend": 14.444926, "fair_value": 11.028955, "relative_strength": 23.855165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.40827, "energy": 88.216508, "activity_lines": [ 18.485776, 17.388544, 16.05313, 15.303597 ] }, { "date": "2024-12-13", "close": 18.02773, "volume": 8199102, "typical_volume": 10792940.95, "trend": 14.603417, "fair_value": 11.081799, "relative_strength": 20.70334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.162866, "energy": 87.262033, "activity_lines": [ 18.433984, 17.653336, 16.331701, 15.534746 ] }, { "date": "2024-12-20", "close": 17.310446, "volume": 12499894, "typical_volume": 11170134.85, "trend": 14.742514, "fair_value": 11.129552, "relative_strength": 17.400752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.339854, "energy": 64.370536, "activity_lines": [ 18.076586, 17.720648, 16.523875, 15.709393 ] }, { "date": "2024-12-27", "close": 17.406084, "volume": 3607323, "typical_volume": 11070416.1, "trend": 14.884451, "fair_value": 11.175024, "relative_strength": 16.618472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.306639, "energy": 48.529037, "activity_lines": [ 17.758334, 17.764051, 16.707398, 15.881236 ] }, { "date": "2025-01-03", "close": 17.367829, "volume": 5514235, "typical_volume": 11118553.1, "trend": 15.038482, "fair_value": 11.218944, "relative_strength": 16.299247, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.644758, "energy": 37.601038, "activity_lines": [ 17.529535, 17.773727, 16.865371, 16.041454 ] }, { "date": "2025-01-10", "close": 16.956586, "volume": 7695210, "typical_volume": 11325735.7, "trend": 15.176487, "fair_value": 11.262349, "relative_strength": 15.10633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.174791, "energy": 27.859964, "activity_lines": [ 17.274741, 17.668202, 16.963054, 16.165202 ] }, { "date": "2025-01-17", "close": 17.606923, "volume": 18358118, "typical_volume": 12036259.3, "trend": 15.322382, "fair_value": 11.313075, "relative_strength": 15.33471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.60874, "energy": 27.115148, "activity_lines": [ 17.339137, 17.633385, 17.104755, 16.322005 ] }, { "date": "2025-01-24", "close": 17.310446, "volume": 7810366, "typical_volume": 12229397.1, "trend": 15.461362, "fair_value": 11.361578, "relative_strength": 10.826124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.256533, "energy": 24.997641, "activity_lines": [ 17.332761, 17.534174, 17.198424, 16.450267 ] }, { "date": "2025-01-31", "close": 17.04266, "volume": 6528686, "typical_volume": 12264710.2, "trend": 15.600839, "fair_value": 11.409693, "relative_strength": 9.628211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.684925, "energy": 21.211662, "activity_lines": [ 17.237124, 17.388256, 17.245813, 16.552286 ] }, { "date": "2025-02-07", "close": 15.847187, "volume": 10354560, "typical_volume": 12286841.85, "trend": 15.687553, "fair_value": 11.452911, "relative_strength": 1.732838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.699465, "energy": 10.812983, "activity_lines": [ 16.767223, 17.059461, 17.166874, 16.56818 ] }, { "date": "2025-02-14", "close": 16.038463, "volume": 8367146, "typical_volume": 12404710.1, "trend": 15.765635, "fair_value": 11.49654, "relative_strength": 1.126288, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.644015, "energy": 18.810003, "activity_lines": [ 16.462457, 16.823389, 17.099047, 16.590819 ] }, { "date": "2025-02-21", "close": 15.933261, "volume": 6868237, "typical_volume": 12450288.65, "trend": 15.822409, "fair_value": 11.540566, "relative_strength": 1.754871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.649544, "energy": 27.808577, "activity_lines": [ 16.183832, 16.612811, 17.013509, 16.601634 ] }, { "date": "2025-02-28", "close": 16.497524, "volume": 8734755, "typical_volume": 10480978.2, "trend": 15.919632, "fair_value": 11.589603, "relative_strength": 5.943003, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -1.514364, "energy": 26.196576, "activity_lines": [ 16.204872, 16.542909, 16.97412, 16.645189 ] }, { "date": "2025-03-07", "close": 15.90457, "volume": 7966409, "typical_volume": 10111703.85, "trend": 16.022918, "fair_value": 11.637108, "relative_strength": 5.030214, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -7.587645, "energy": 33.010595, "activity_lines": [ 16.082456, 16.379977, 16.871314, 16.644218 ] }, { "date": "2025-03-14", "close": 16.271244, "volume": 9245926, "typical_volume": 10063853.1, "trend": 16.134238, "fair_value": 11.685731, "relative_strength": 9.495701, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.479899, "energy": 18.044358, "activity_lines": [ 16.158137, 16.311013, 16.803568, 16.660239 ] }, { "date": "2025-03-21", "close": 16.165211, "volume": 9802133, "typical_volume": 9763744.35, "trend": 16.233298, "fair_value": 11.733891, "relative_strength": 7.809625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.58512, "energy": 18.184041, "activity_lines": [ 16.170203, 16.242708, 16.720357, 16.662237 ] }, { "date": "2025-03-28", "close": 16.049538, "volume": 9869077, "typical_volume": 8988033.8, "trend": 16.319951, "fair_value": 11.778845, "relative_strength": 8.368966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.824329, "energy": 23.695556, "activity_lines": [ 16.135262, 16.167761, 16.617448, 16.650381 ] }, { "date": "2025-04-04", "close": 15.432619, "volume": 15813892, "typical_volume": 9235247.7, "trend": 16.402793, "fair_value": 11.819844, "relative_strength": 14.171139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.883807, "energy": 30.585329, "activity_lines": [ 15.886929, 16.008962, 16.460454, 16.593134 ] }, { "date": "2025-04-11", "close": 15.904948, "volume": 9641596, "typical_volume": 9200635.35, "trend": 16.452179, "fair_value": 11.863072, "relative_strength": 10.966053, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.941559, "energy": 26.590808, "activity_lines": [ 15.867033, 15.970184, 16.357904, 16.561015 ] }, { "date": "2025-04-18", "close": 16.165211, "volume": 3951146, "typical_volume": 8978650.0, "trend": 16.51252, "fair_value": 11.907795, "relative_strength": 13.976374, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.726045, "energy": 25.489168, "activity_lines": [ 15.933866, 15.999412, 16.29459, 16.542501 ] }, { "date": "2025-04-25", "close": 16.261604, "volume": 4551529, "typical_volume": 8768967.0, "trend": 16.573794, "fair_value": 11.956357, "relative_strength": 9.304404, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.024431, "energy": 29.044837, "activity_lines": [ 16.039899, 16.040384, 16.254118, 16.526313 ] }, { "date": "2025-05-02", "close": 16.888163, "volume": 5679329, "typical_volume": 8642978.35, "trend": 16.65876, "fair_value": 12.00928, "relative_strength": 9.978681, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.063017, "energy": 14.544705, "activity_lines": [ 16.348359, 16.191219, 16.283943, 16.546595 ] }, { "date": "2025-05-09", "close": 16.743572, "volume": 8423008, "typical_volume": 8439134.05, "trend": 16.715577, "fair_value": 12.060694, "relative_strength": 9.208435, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.478949, "energy": 17.323944, "activity_lines": [ 16.552713, 16.298402, 16.305423, 16.552067 ] }, { "date": "2025-05-16", "close": 16.791769, "volume": 9225470, "typical_volume": 8720041.4, "trend": 16.744183, "fair_value": 12.110903, "relative_strength": 3.807982, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.124775, "energy": 16.020305, "activity_lines": [ 16.685736, 16.409875, 16.334194, 16.556982 ] }, { "date": "2025-05-23", "close": 16.444752, "volume": 5741181, "typical_volume": 8731388.7, "trend": 16.787531, "fair_value": 12.156985, "relative_strength": 4.071519, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.970968, "energy": 15.50432, "activity_lines": [ 16.643965, 16.442123, 16.33284, 16.537664 ] }, { "date": "2025-05-30", "close": 16.570064, "volume": 6404993, "typical_volume": 8666877.85, "trend": 16.861797, "fair_value": 12.204044, "relative_strength": 2.827817, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.592146, "energy": 11.62816, "activity_lines": [ 16.625329, 16.494, 16.347816, 16.523634 ] }, { "date": "2025-06-06", "close": 16.194129, "volume": 5563360, "typical_volume": 8027139.95, "trend": 16.833934, "fair_value": 12.248809, "relative_strength": -1.33867, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.883297, "energy": 11.388775, "activity_lines": [ 16.460818, 16.470165, 16.32883, 16.480559 ] }, { "date": "2025-06-13", "close": 15.883411, "volume": 6033971, "typical_volume": 7938320.2, "trend": 16.782732, "fair_value": 12.293913, "relative_strength": -3.068059, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.44404, "energy": 22.736475, "activity_lines": [ 16.239002, 16.387206, 16.286979, 16.419235 ] }, { "date": "2025-06-20", "close": 15.533685, "volume": 6518802, "typical_volume": 7937826.0, "trend": 16.669217, "fair_value": 12.332876, "relative_strength": -5.151843, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.383883, "energy": 37.570026, "activity_lines": [ 15.957956, 16.232465, 16.218616, 16.338651 ] }, { "date": "2025-06-27", "close": 16.087418, "volume": 10482711, "typical_volume": 7944233.55, "trend": 16.570993, "fair_value": 12.375715, "relative_strength": -5.179841, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.888841, "energy": 37.88155, "activity_lines": [ 15.945359, 16.185153, 16.210175, 16.301115 ] }, { "date": "2025-07-04", "close": 16.330284, "volume": 6887088, "typical_volume": 7870230.65, "trend": 16.498911, "fair_value": 12.422137, "relative_strength": -5.527779, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.325132, "energy": 34.528865, "activity_lines": [ 16.03754, 16.183412, 16.22372, 16.285586 ] }, { "date": "2025-07-11", "close": 16.087418, "volume": 6068913, "typical_volume": 7830264.45, "trend": 16.434234, "fair_value": 12.466719, "relative_strength": -6.796012, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.606287, "energy": 27.952596, "activity_lines": [ 16.064751, 16.136266, 16.212746, 16.259038 ] }, { "date": "2025-07-18", "close": 16.524576, "volume": 6599983, "typical_volume": 7723525.85, "trend": 16.408038, "fair_value": 12.513907, "relative_strength": -4.938262, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.170415, "energy": 9.472318, "activity_lines": [ 16.244795, 16.183161, 16.242672, 16.264866 ] }, { "date": "2025-07-25", "close": 16.534291, "volume": 5312624, "typical_volume": 7590836.6, "trend": 16.378979, "fair_value": 12.55765, "relative_strength": -6.270545, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.844649, "energy": 11.979501, "activity_lines": [ 16.385333, 16.235805, 16.273394, 16.273012 ] }, { "date": "2025-08-01", "close": 16.612008, "volume": 5912507, "typical_volume": 7424165.65, "trend": 16.353784, "fair_value": 12.600518, "relative_strength": -3.561912, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.283115, "energy": 15.805474, "activity_lines": [ 16.48507, 16.30726, 16.308519, 16.288046 ] }, { "date": "2025-08-08", "close": 16.038845, "volume": 10724328, "typical_volume": 7470275.4, "trend": 16.323193, "fair_value": 12.635355, "relative_strength": -9.201811, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.035636, "energy": 6.415944, "activity_lines": [ 16.35878, 16.271463, 16.287434, 16.267727 ] }, { "date": "2025-08-15", "close": 15.990272, "volume": 9283998, "typical_volume": 7441021.45, "trend": 16.269305, "fair_value": 12.668377, "relative_strength": -10.434039, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.158779, "energy": 12.778422, "activity_lines": [ 16.235728, 16.236494, 16.262325, 16.246248 ] }, { "date": "2025-08-22", "close": 16.203994, "volume": 8301034, "typical_volume": 7065378.55, "trend": 16.232423, "fair_value": 12.704512, "relative_strength": -9.584439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.832213, "energy": 3.842286, "activity_lines": [ 16.190393, 16.244089, 16.257853, 16.242035 ] }, { "date": "2025-08-29", "close": 15.825123, "volume": 7297405, "typical_volume": 6948169.0, "trend": 16.191838, "fair_value": 12.740702, "relative_strength": -11.685863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.237522, "energy": 19.655269, "activity_lines": [ 16.04014, 16.176969, 16.213625, 16.215757 ] }, { "date": "2025-09-05", "close": 15.718263, "volume": 5224043, "typical_volume": 7011813.85, "trend": 16.187541, "fair_value": 12.774333, "relative_strength": -12.580631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.765533, "energy": 46.033949, "activity_lines": [ 15.901545, 16.085122, 16.159599, 16.185204 ] }, { "date": "2025-09-12", "close": 15.911228, "volume": 7506425, "typical_volume": 7159558.65, "trend": 16.1833, "fair_value": 12.811616, "relative_strength": -12.768912, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.611246, "energy": 44.444518, "activity_lines": [ 15.886855, 16.035071, 16.12608, 16.167378 ] }, { "date": "2025-09-19", "close": 16.371713, "volume": 13533409, "typical_volume": 7552262.65, "trend": 16.197915, "fair_value": 12.854571, "relative_strength": -11.284402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.317946, "energy": 25.194719, "activity_lines": [ 16.034167, 16.076364, 16.138085, 16.179533 ] }, { "date": "2025-09-26", "close": 17.126125, "volume": 14732201, "typical_volume": 7867722.3, "trend": 16.218868, "fair_value": 12.904337, "relative_strength": -6.954151, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.166937, "energy": 25.571331, "activity_lines": [ 16.407521, 16.249654, 16.224397, 16.239418 ] }, { "date": "2025-10-03", "close": 17.361266, "volume": 15318983, "typical_volume": 8172397.95, "trend": 16.267425, "fair_value": 12.954886, "relative_strength": -6.75784, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 68.372045, "energy": 53.57193, "activity_lines": [ 16.797779, 16.454759, 16.331283, 16.313121 ] }, { "date": "2025-10-10", "close": 18.370414, "volume": 12346022, "typical_volume": 8502640.0, "trend": 16.337397, "fair_value": 13.012124, "relative_strength": 0.977618, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.416308, "energy": 81.038054, "activity_lines": [ 17.422011, 16.82831, 16.531566, 16.448798 ] }, { "date": "2025-10-17", "close": 18.781912, "volume": 13417177, "typical_volume": 8853249.2, "trend": 16.42462, "fair_value": 13.069717, "relative_strength": 1.424893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.32858, "energy": 90.349414, "activity_lines": [ 18.006598, 17.244708, 16.761869, 16.606508 ] }, { "date": "2025-10-24", "close": 19.575514, "volume": 14681368, "typical_volume": 9309149.6, "trend": 16.542153, "fair_value": 13.132288, "relative_strength": 3.529329, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.235293, "energy": 96.030157, "activity_lines": [ 18.664341, 17.755523, 17.057221, 16.809792 ] }, { "date": "2025-10-31", "close": 18.791709, "volume": 11875796, "typical_volume": 9601240.85, "trend": 16.654123, "fair_value": 13.18911, "relative_strength": -1.461543, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.786029, "energy": 87.672772, "activity_lines": [ 18.847229, 18.058642, 17.261823, 16.954924 ] }, { "date": "2025-11-07", "close": 20.476889, "volume": 18456782, "typical_volume": 10198139.85, "trend": 16.806521, "fair_value": 13.254013, "relative_strength": 9.021997, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.328617, "energy": 95.689666, "activity_lines": [ 19.480804, 18.621108, 17.613069, 17.201554 ] }, { "date": "2025-11-14", "close": 20.192759, "volume": 11634042, "typical_volume": 10255706.4, "trend": 16.940772, "fair_value": 13.316371, "relative_strength": 7.359108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.281704, "energy": 90.584504, "activity_lines": [ 19.811961, 19.047336, 17.913717, 17.420021 ] }, { "date": "2025-11-21", "close": 20.084986, "volume": 9447764, "typical_volume": 10383740.2, "trend": 17.068218, "fair_value": 13.376151, "relative_strength": 9.004552, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.505968, "energy": 80.683042, "activity_lines": [ 19.985704, 19.372615, 18.184551, 17.622874 ] }, { "date": "2025-11-28", "close": 20.888386, "volume": 7502941, "typical_volume": 10455441.6, "trend": 17.201559, "fair_value": 13.440818, "relative_strength": 9.429581, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.692565, "energy": 87.320766, "activity_lines": [ 20.340376, 19.76808, 18.514019, 17.869336 ] }, { "date": "2025-12-05", "close": 18.87009, "volume": 14910708, "typical_volume": 10870977.85, "trend": 17.272443, "fair_value": 13.49414, "relative_strength": -1.252844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.860777, "energy": 58.258167, "activity_lines": [ 19.934757, 19.714461, 18.628407, 17.976983 ] }, { "date": "2025-12-12", "close": 19.330225, "volume": 13840923, "typical_volume": 11297392.8, "trend": 17.357058, "fair_value": 13.552843, "relative_strength": 1.86782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.849697, "energy": 45.863836, "activity_lines": [ 19.677292, 19.712794, 18.775449, 18.109744 ] }, { "date": "2025-12-19", "close": 18.915795, "volume": 13193070, "typical_volume": 11661420.95, "trend": 17.439426, "fair_value": 13.6069, "relative_strength": -0.310582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.967132, "energy": 35.113781, "activity_lines": [ 19.358127, 19.599977, 18.869707, 18.210307 ] }, { "date": "2025-12-26", "close": 19.419032, "volume": 7762691, "typical_volume": 11513339.1, "trend": 17.534392, "fair_value": 13.664316, "relative_strength": 1.002598, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.381188, "energy": 27.424979, "activity_lines": [ 19.291839, 19.568742, 19.000922, 18.338024 ] }, { "date": "2026-01-02", "close": 19.606512, "volume": 7778079, "typical_volume": 11438043.15, "trend": 17.648138, "fair_value": 13.722513, "relative_strength": 3.113595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.647525, "energy": 26.620586, "activity_lines": [ 19.332441, 19.560009, 19.133896, 18.471709 ] }, { "date": "2026-01-09", "close": 19.981473, "volume": 13337490, "typical_volume": 11689865.95, "trend": 17.78474, "fair_value": 13.782274, "relative_strength": 3.489887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.09911, "energy": 34.378734, "activity_lines": [ 19.583488, 19.618889, 19.28536, 18.622247 ] }, { "date": "2026-01-16", "close": 20.386037, "volume": 10282487, "typical_volume": 11839120.05, "trend": 17.946485, "fair_value": 13.846551, "relative_strength": 5.977656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.026446, "energy": 48.144326, "activity_lines": [ 19.895298, 19.729693, 19.457367, 18.790072 ] }, { "date": "2026-01-23", "close": 19.932137, "volume": 8097625, "typical_volume": 11982799.15, "trend": 18.074643, "fair_value": 13.906681, "relative_strength": 3.9752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.916505, "energy": 44.689021, "activity_lines": [ 19.985421, 19.759621, 19.564426, 18.918179 ] }, { "date": "2026-01-30", "close": 20.238026, "volume": 7767688, "typical_volume": 11995862.3, "trend": 18.204901, "fair_value": 13.967866, "relative_strength": 5.109451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.158336, "energy": 48.575655, "activity_lines": [ 20.10975, 19.849905, 19.680551, 19.057752 ] }, { "date": "2026-02-06", "close": 20.07028, "volume": 13036754, "typical_volume": 11971029.55, "trend": 18.337663, "fair_value": 14.028461, "relative_strength": 4.270896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.95019, "energy": 46.898743, "activity_lines": [ 20.123564, 19.906906, 19.760097, 19.178099 ] }, { "date": "2026-02-13", "close": 20.52418, "volume": 9146990, "typical_volume": 11691769.0, "trend": 18.470983, "fair_value": 14.090353, "relative_strength": 7.756741, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.004339, "energy": 45.775101, "activity_lines": [ 20.257761, 20.06131, 19.865259, 19.319165 ] }, { "date": "2026-02-20", "close": 19.961739, "volume": 6077653, "typical_volume": 11229702.5, "trend": 18.585231, "fair_value": 14.147578, "relative_strength": 3.487799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.635179, "energy": 37.274331, "activity_lines": [ 20.168296, 20.083377, 19.900674, 19.415342 ] }, { "date": "2026-02-27", "close": 20.405771, "volume": 8469130, "typical_volume": 11035857.9, "trend": 18.71169, "fair_value": 14.208445, "relative_strength": 6.199403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.374673, "energy": 37.467134, "activity_lines": [ 20.255129, 20.174695, 19.965994, 19.532797 ] }, { "date": "2026-03-06", "close": 20.691926, "volume": 8375453, "typical_volume": 10783771.7, "trend": 18.866793, "fair_value": 14.274629, "relative_strength": 9.655021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.785612, "energy": 43.083433, "activity_lines": [ 20.405771, 20.290951, 20.048876, 19.660554 ] }, { "date": "2026-03-13", "close": 20.959667, "volume": 9733621, "typical_volume": 10536384.35, "trend": 19.032439, "fair_value": 14.344356, "relative_strength": 12.581108, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.731044, "energy": 44.458929, "activity_lines": [ 20.615401, 20.432743, 20.148161, 19.795578 ] }, { "date": "2026-03-20", "close": 19.519311, "volume": 13255045, "typical_volume": 10605346.8, "trend": 19.14295, "fair_value": 14.404782, "relative_strength": 6.686197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.622364, "energy": 23.557484, "activity_lines": [ 20.285619, 20.28805, 20.103678, 19.826989 ] }, { "date": "2026-03-27", "close": 20.472926, "volume": 8554368, "typical_volume": 10110226.1, "trend": 19.297876, "fair_value": 14.46816, "relative_strength": 14.214452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.974512, "energy": 28.522828, "activity_lines": [ 20.3407, 20.325144, 20.146551, 19.912794 ] }, { "date": "2026-04-03", "close": 21.178204, "volume": 5777207, "typical_volume": 9817384.35, "trend": 19.479874, "fair_value": 14.537707, "relative_strength": 14.123931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.089478, "energy": 35.214568, "activity_lines": [ 20.596794, 20.488891, 20.256612, 20.034105 ] }, { "date": "2026-04-10", "close": 22.19142, "volume": 7119439, "typical_volume": 9700968.1, "trend": 19.689214, "fair_value": 14.613414, "relative_strength": 15.226859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.967301, "energy": 46.473013, "activity_lines": [ 21.139132, 20.814204, 20.458477, 20.209044 ] }, { "date": "2026-04-17", "close": 21.615278, "volume": 8377253, "typical_volume": 9744683.7, "trend": 19.864, "fair_value": 14.685607, "relative_strength": 7.431804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.967434, "energy": 64.998873, "activity_lines": [ 21.389456, 20.999246, 20.595441, 20.333306 ] }, { "date": "2026-04-24", "close": 21.645078, "volume": 5576070, "typical_volume": 9277951.8, "trend": 20.014631, "fair_value": 14.759304, "relative_strength": 6.974869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.903432, "energy": 68.274244, "activity_lines": [ 21.606006, 21.161617, 20.731782, 20.448214 ] }, { "date": "2026-05-01", "close": 22.449691, "volume": 8149277, "typical_volume": 8993369.5, "trend": 20.184246, "fair_value": 14.837936, "relative_strength": 9.842913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.95489, "energy": 75.682486, "activity_lines": [ 21.949043, 21.4499, 20.931538, 20.605315 ] }, { "date": "2026-05-08", "close": 22.340423, "volume": 9446881, "typical_volume": 8806060.05, "trend": 20.316579, "fair_value": 14.916179, "relative_strength": 6.773394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.857512, "energy": 66.254276, "activity_lines": [ 22.123873, 21.673081, 21.106033, 20.744423 ] }, { "date": "2026-05-15", "close": 21.992751, "volume": 8707939, "typical_volume": 8853322.45, "trend": 20.423607, "fair_value": 14.991882, "relative_strength": 4.808211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.761167, "energy": 55.174148, "activity_lines": [ 22.10533, 21.797873, 21.231109, 20.852563 ] }, { "date": "2026-05-22", "close": 22.012618, "volume": 13281000, "typical_volume": 9128468.5, "trend": 20.504844, "fair_value": 15.06778, "relative_strength": 3.936347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.324902, "energy": 45.10688, "activity_lines": [ 22.106655, 21.902627, 21.345821, 20.95508 ] }, { "date": "2026-05-29", "close": 20.9398, "volume": 8009721, "typical_volume": 8862080.05, "trend": 20.576447, "fair_value": 15.135771, "relative_strength": -2.496022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.10566, "energy": 26.681104, "activity_lines": [ 21.723884, 21.793178, 21.346902, 20.983142 ] }, { "date": "2026-06-05", "close": 21.217938, "volume": 7617662, "typical_volume": 8728838.8, "trend": 20.601149, "fair_value": 15.204216, "relative_strength": 1.236875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.365811, "energy": 18.111891, "activity_lines": [ 21.480845, 21.708472, 21.369909, 21.024528 ] }, { "date": "2026-06-12", "close": 21.11, "volume": 6090016, "typical_volume": 8628458.35, "trend": 20.631723, "fair_value": 15.271957, "relative_strength": 0.046669, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.374958, "energy": 19.207456, "activity_lines": [ 21.283943, 21.590596, 21.378675, 21.057357 ] }, { "date": "2026-06-19", "close": 21.29, "volume": 7232843, "typical_volume": 8601716.1, "trend": 20.67189, "fair_value": 15.343114, "relative_strength": -0.169565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.97369, "energy": 20.175228, "activity_lines": [ 21.229069, 21.506687, 21.398975, 21.099827 ] }, { "date": "2026-06-26", "close": 21.88, "volume": 9921606, "typical_volume": 8445958.7, "trend": 20.704944, "fair_value": 15.414709, "relative_strength": 4.843577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.351892, "energy": 18.359241, "activity_lines": [ 21.417712, 21.54644, 21.470456, 21.177769 ] }, { "date": "2026-07-03", "close": 20.71, "volume": 6996158, "typical_volume": 8338417.1, "trend": 20.766275, "fair_value": 15.479918, "relative_strength": -2.958216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.122403, "energy": 6.640534, "activity_lines": [ 21.225196, 21.368653, 21.421891, 21.178096 ] }, { "date": "2026-07-10", "close": 20.98, "volume": 7205836, "typical_volume": 8394826.25, "trend": 20.821267, "fair_value": 15.544104, "relative_strength": -3.128406, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.603555, "energy": 8.338101, "activity_lines": [ 21.138, 21.256958, 21.398155, 21.191884 ] }, { "date": "2026-07-17", "close": 21.14, "volume": 6983357, "typical_volume": 8320537.6, "trend": 20.895407, "fair_value": 15.607381, "relative_strength": -0.979192, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.805572, "energy": 9.524222, "activity_lines": [ 21.12, 21.201075, 21.384808, 21.212448 ] }, { "date": "2026-07-24", "close": 21.25, "volume": 5384485, "typical_volume": 8170989.2, "trend": 20.95644, "fair_value": 15.671495, "relative_strength": -0.04519, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.242651, "energy": 11.697358, "activity_lines": [ 21.136667, 21.187019, 21.378441, 21.235325 ] }, { "date": "2026-07-31", "close": 19.95, "volume": 6162496, "typical_volume": 7992432.95, "trend": 20.967889, "fair_value": 15.730488, "relative_strength": -7.158397, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.416809, "energy": 35.210481, "activity_lines": [ 20.722667, 20.950103, 21.245607, 21.170393 ] }, { "date": "2026-08-07", "close": 20.55, "volume": 11528719, "typical_volume": 7906116.65, "trend": 20.98684, "fair_value": 15.791917, "relative_strength": -7.67969, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.840214, "energy": 31.441291, "activity_lines": [ 20.637333, 20.859781, 21.174724, 21.143433 ] } ], "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." } } }