{ "ticker": { "uuid": "faee9780-8ffe-4e86-8baa-a4614327889c", "symbol": "QDT", "name": "Quadient S.A.", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 68.278, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 14.174, "architecture_energy": 24.261, "architecture_maturity": 19.242, "architecture_confidence": 46.011, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 50.29, "rotation_up": 44.8, "upward_expansion": 33.9, "deceleration": 45.22, "rotation_down": 22.4, "downward_expansion": 49.23 }, "activity_lines": [ 12.493222, 12.153762, 12.0454, 12.172712 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 13.2, "trend_reference": 12.735591, "distance_from_trend": 0.036465, "trend_direction": "Weakening", "fair_value": 15.77634, "distance_from_fair_value": -0.163304, "fair_value_direction": "Improving", "relative_strength": -9.475606, "relative_strength_direction": "Improving", "price_momentum": -0.128137, "excess_performance": -0.181449, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036465, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.060889, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.163304, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.114446, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.094756, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.110101, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.128137, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.856472, "read": "Supply-led" } ], "volume": { "latest": 301600, "relative_activity": 1.066161, "balance": 0.856472, "dry_up": 0.937758, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.049626, "annualized_volatility": 0.332691, "from_high_reference": -0.213349, "from_low_reference": 0.266795 }, "levels": { "trend_reference": 12.735591, "fair_value_reference": 15.77634, "structural_low": 10.42, "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": 15, "median_return": -0.009913, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.008726, "regime_survival": 0.466667, "best_return": 0.148571, "worst_return": -0.157988, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.050187, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.100118, "regime_survival": 0.25, "best_return": 0.107905, "worst_return": -0.299616, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.010281, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.040972, "regime_survival": 0.0, "best_return": 0.229611, "worst_return": -0.163873, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.016718, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.064792, "regime_survival": 0.0, "best_return": 0.037951, "worst_return": -0.004515, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2024-12-13", "tenure": "Established", "return": 0.056948, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2025-01-24", "tenure": "Developing", "return": -0.034066, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.111842, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-18", "tenure": "New", "return": 0.002522, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-08-08", "tenure": "Established", "return": 0.038137, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.035936, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": 0.003755, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2026-01-02", "tenure": "Established", "return": 0.158147, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": 0.049936, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.125, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": 0.018072, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.042584, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-07-31", "tenure": "Established", "return": 0.010875, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.621853, "volume": 84475, "typical_volume": 149245.6, "trend": 15.916302, "fair_value": 15.640029, "relative_strength": 15.38038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.883238, "energy": 59.236176, "activity_lines": [ 17.75317, 17.478426, 16.971508, 16.523236 ] }, { "date": "2023-08-25", "close": 17.658682, "volume": 84768, "typical_volume": 137373.5, "trend": 16.032911, "fair_value": 15.690802, "relative_strength": 14.560238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.484396, "energy": 48.593703, "activity_lines": [ 17.724117, 17.557686, 17.073988, 16.635648 ] }, { "date": "2023-09-01", "close": 17.621853, "volume": 75056, "typical_volume": 130844.8, "trend": 16.140256, "fair_value": 15.74287, "relative_strength": 13.30113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.658054, "energy": 46.602104, "activity_lines": [ 17.672184, 17.609502, 17.165826, 16.73816 ] }, { "date": "2023-09-08", "close": 17.916471, "volume": 67622, "typical_volume": 126029.7, "trend": 16.242542, "fair_value": 15.798569, "relative_strength": 16.01762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.753753, "energy": 46.605188, "activity_lines": [ 17.751976, 17.694482, 17.275787, 16.852754 ] }, { "date": "2023-09-15", "close": 17.492958, "volume": 184877, "typical_volume": 124937.85, "trend": 16.33071, "fair_value": 15.855203, "relative_strength": 10.969714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.832132, "energy": 36.799109, "activity_lines": [ 17.662363, 17.682867, 17.335181, 16.933426 ] }, { "date": "2023-09-22", "close": 17.308821, "volume": 324679, "typical_volume": 135993.3, "trend": 16.417502, "fair_value": 15.911582, "relative_strength": 12.460874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.032384, "energy": 27.873958, "activity_lines": [ 17.544516, 17.626531, 17.370267, 16.99653 ] }, { "date": "2023-09-29", "close": 17.585028, "volume": 305542, "typical_volume": 146798.9, "trend": 16.498918, "fair_value": 15.968371, "relative_strength": 14.784638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.088719, "energy": 24.805536, "activity_lines": [ 17.539606, 17.610573, 17.424234, 17.071855 ] }, { "date": "2023-10-06", "close": 17.437719, "volume": 192406, "typical_volume": 151971.2, "trend": 16.595067, "fair_value": 16.015936, "relative_strength": 14.771132, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.423238, "energy": 18.27418, "activity_lines": [ 17.490504, 17.566278, 17.454752, 17.132422 ] }, { "date": "2023-10-13", "close": 17.548199, "volume": 191822, "typical_volume": 155748.45, "trend": 16.714242, "fair_value": 16.063883, "relative_strength": 16.07341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.374463, "energy": 17.348004, "activity_lines": [ 17.490504, 17.55456, 17.487413, 17.193915 ] }, { "date": "2023-10-20", "close": 17.216755, "volume": 281213, "typical_volume": 159858.45, "trend": 16.814037, "fair_value": 16.107907, "relative_strength": 16.559776, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.081078, "energy": 10.833032, "activity_lines": [ 17.404574, 17.481576, 17.482494, 17.226335 ] }, { "date": "2023-10-27", "close": 18.413639, "volume": 355298, "typical_volume": 172012.4, "trend": 16.92843, "fair_value": 16.164997, "relative_strength": 24.285609, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.863033, "energy": 33.093398, "activity_lines": [ 17.736019, 17.640268, 17.588235, 17.329535 ] }, { "date": "2023-11-03", "close": 18.82795, "volume": 185905, "typical_volume": 170766.3, "trend": 17.017349, "fair_value": 16.220548, "relative_strength": 21.789955, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.248093, "energy": 54.926859, "activity_lines": [ 18.131913, 17.859893, 17.722194, 17.452085 ] }, { "date": "2023-11-10", "close": 18.284746, "volume": 221708, "typical_volume": 173641.85, "trend": 17.108994, "fair_value": 16.275068, "relative_strength": 17.70558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.195764, "energy": 56.526325, "activity_lines": [ 18.263877, 17.959494, 17.793417, 17.533852 ] }, { "date": "2023-11-17", "close": 18.73588, "volume": 218828, "typical_volume": 177384.25, "trend": 17.207939, "fair_value": 16.326488, "relative_strength": 16.764904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.810236, "energy": 68.475915, "activity_lines": [ 18.489751, 18.129067, 17.899105, 17.638813 ] }, { "date": "2023-11-24", "close": 17.750751, "volume": 160116, "typical_volume": 178860.2, "trend": 17.263928, "fair_value": 16.354383, "relative_strength": 9.350137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.270714, "energy": 47.16575, "activity_lines": [ 18.30807, 18.104627, 17.901938, 17.673833 ] }, { "date": "2023-12-01", "close": 17.474545, "volume": 315198, "typical_volume": 189639.7, "trend": 17.321423, "fair_value": 16.374134, "relative_strength": 6.475448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.483445, "energy": 17.399779, "activity_lines": [ 17.998721, 18.025281, 17.874294, 17.687421 ] }, { "date": "2023-12-08", "close": 18.026955, "volume": 178509, "typical_volume": 190582.0, "trend": 17.402094, "fair_value": 16.401512, "relative_strength": 6.639974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.053139, "energy": 14.797618, "activity_lines": [ 17.936114, 18.04336, 17.895894, 17.732939 ] }, { "date": "2023-12-15", "close": 17.824404, "volume": 225729, "typical_volume": 194823.0, "trend": 17.473633, "fair_value": 16.426774, "relative_strength": 4.023164, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.064849, "energy": 16.804187, "activity_lines": [ 17.85939, 18.016576, 17.895692, 17.760185 ] }, { "date": "2023-12-22", "close": 18.266333, "volume": 111444, "typical_volume": 193593.8, "trend": 17.539665, "fair_value": 16.456558, "relative_strength": 6.464286, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.436585, "energy": 16.573345, "activity_lines": [ 17.960666, 18.063113, 17.939008, 17.811327 ] }, { "date": "2023-12-29", "close": 17.695509, "volume": 37874, "typical_volume": 190153.45, "trend": 17.578931, "fair_value": 16.484316, "relative_strength": 3.097069, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.037222, "energy": 10.537568, "activity_lines": [ 17.90297, 17.992806, 17.924277, 17.821381 ] }, { "date": "2024-01-05", "close": 17.548199, "volume": 91080, "typical_volume": 190483.7, "trend": 17.628763, "fair_value": 16.503287, "relative_strength": 3.594664, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.592912, "energy": 5.314997, "activity_lines": [ 17.799853, 17.887011, 17.896919, 17.819399 ] }, { "date": "2024-01-12", "close": 17.9533, "volume": 135863, "typical_volume": 193038.45, "trend": 17.676622, "fair_value": 16.526598, "relative_strength": 4.964051, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.335596, "energy": 7.897999, "activity_lines": [ 17.82686, 17.870606, 17.908494, 17.840337 ] }, { "date": "2024-01-19", "close": 17.769163, "volume": 158847, "typical_volume": 197228.0, "trend": 17.718939, "fair_value": 16.543989, "relative_strength": 4.87404, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.353, "energy": 8.775525, "activity_lines": [ 17.797398, 17.836624, 17.901128, 17.846307 ] }, { "date": "2024-01-26", "close": 18.026955, "volume": 70342, "typical_volume": 197364.0, "trend": 17.75854, "fair_value": 16.561454, "relative_strength": 2.423347, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.923442, "energy": 8.998561, "activity_lines": [ 17.857549, 17.858888, 17.917613, 17.866179 ] }, { "date": "2024-02-02", "close": 17.934885, "volume": 129038, "typical_volume": 194572.05, "trend": 17.793881, "fair_value": 16.574952, "relative_strength": 2.145861, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.936518, "energy": 12.167555, "activity_lines": [ 17.902969, 17.877302, 17.924803, 17.877556 ] }, { "date": "2024-02-09", "close": 18.597778, "volume": 154221, "typical_volume": 186049.15, "trend": 17.85489, "fair_value": 16.591719, "relative_strength": 4.851323, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.425137, "energy": 38.423162, "activity_lines": [ 18.153395, 18.012893, 17.993021, 17.92942 ] }, { "date": "2024-02-16", "close": 17.732336, "volume": 140680, "typical_volume": 177806.05, "trend": 17.862646, "fair_value": 16.599724, "relative_strength": -1.794018, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.654394, "energy": 18.57305, "activity_lines": [ 18.045368, 17.970709, 17.972678, 17.921514 ] }, { "date": "2024-02-23", "close": 17.861231, "volume": 115643, "typical_volume": 173967.9, "trend": 17.853866, "fair_value": 16.61117, "relative_strength": -3.701043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.511517, "energy": 15.193845, "activity_lines": [ 17.995037, 17.957317, 17.96391, 17.921422 ] }, { "date": "2024-03-01", "close": 17.879644, "volume": 166148, "typical_volume": 172684.2, "trend": 17.866756, "fair_value": 16.617996, "relative_strength": -3.360649, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.59608, "energy": 8.842916, "activity_lines": [ 17.944706, 17.946604, 17.954878, 17.923086 ] }, { "date": "2024-03-08", "close": 17.769163, "volume": 107961, "typical_volume": 164021.6, "trend": 17.85939, "fair_value": 16.615453, "relative_strength": -5.2351, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.821108, "energy": 9.264858, "activity_lines": [ 17.867369, 17.922833, 17.933746, 17.916789 ] }, { "date": "2024-03-15", "close": 17.713923, "volume": 173022, "typical_volume": 154907.8, "trend": 17.862459, "fair_value": 16.612448, "relative_strength": -7.223439, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.116744, "energy": 17.564711, "activity_lines": [ 17.782666, 17.88768, 17.904723, 17.907404 ] }, { "date": "2024-03-22", "close": 17.677095, "volume": 212273, "typical_volume": 156226.2, "trend": 17.863073, "fair_value": 16.601363, "relative_strength": -7.382529, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.927764, "energy": 24.793853, "activity_lines": [ 17.744612, 17.842818, 17.875524, 17.895445 ] }, { "date": "2024-03-29", "close": 17.548199, "volume": 214623, "typical_volume": 155871.95, "trend": 17.860618, "fair_value": 16.594898, "relative_strength": -8.731002, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.210094, "energy": 33.922741, "activity_lines": [ 17.667274, 17.779542, 17.83953, 17.875131 ] }, { "date": "2024-04-05", "close": 16.68276, "volume": 194980, "typical_volume": 154679.55, "trend": 17.819494, "fair_value": 16.586808, "relative_strength": -11.577603, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -79.242949, "energy": 65.922212, "activity_lines": [ 17.322326, 17.562931, 17.72462, 17.79914 ] }, { "date": "2024-04-12", "close": 16.111937, "volume": 210361, "typical_volume": 157191.8, "trend": 17.77346, "fair_value": 16.574187, "relative_strength": -14.026316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.089856, "energy": 82.163349, "activity_lines": [ 16.866896, 17.266973, 17.565123, 17.688975 ] }, { "date": "2024-04-19", "close": 16.111937, "volume": 161742, "typical_volume": 149519.0, "trend": 17.733564, "fair_value": 16.561892, "relative_strength": -14.099146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.099929, "energy": 87.459025, "activity_lines": [ 16.521947, 17.004161, 17.41343, 17.58178 ] }, { "date": "2024-04-26", "close": 16.277658, "volume": 137205, "typical_volume": 147453.8, "trend": 17.689985, "fair_value": 16.542381, "relative_strength": -13.82786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.039868, "energy": 85.680473, "activity_lines": [ 16.339038, 16.816676, 17.284008, 17.487851 ] }, { "date": "2024-05-03", "close": 16.572275, "volume": 153045, "typical_volume": 143819.6, "trend": 17.661137, "fair_value": 16.524432, "relative_strength": -10.800874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.621581, "energy": 81.897239, "activity_lines": [ 16.34763, 16.709207, 17.190975, 17.41574 ] }, { "date": "2024-05-10", "close": 17.198339, "volume": 110914, "typical_volume": 143793.1, "trend": 17.649475, "fair_value": 16.521716, "relative_strength": -10.36798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.243151, "energy": 49.16114, "activity_lines": [ 16.629972, 16.739004, 17.16353, 17.385882 ] }, { "date": "2024-05-17", "close": 18.266333, "volume": 156926, "typical_volume": 149745.7, "trend": 17.684461, "fair_value": 16.529114, "relative_strength": -4.313391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.218971, "energy": 14.818457, "activity_lines": [ 17.23394, 16.975368, 17.242884, 17.42568 ] }, { "date": "2024-05-24", "close": 18.174263, "volume": 111439, "typical_volume": 150763.65, "trend": 17.676482, "fair_value": 16.514681, "relative_strength": -3.95856, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 1.12459, "energy": 25.362739, "activity_lines": [ 17.663591, 17.185953, 17.310751, 17.45728 ] }, { "date": "2024-05-31", "close": 20.393106, "volume": 277690, "typical_volume": 157855.0, "trend": 17.728653, "fair_value": 16.51044, "relative_strength": 8.892981, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.906817, "energy": 55.710235, "activity_lines": [ 18.695369, 17.791594, 17.586956, 17.632546 ] }, { "date": "2024-06-07", "close": 20.945517, "volume": 207778, "typical_volume": 160301.55, "trend": 17.817346, "fair_value": 16.503531, "relative_strength": 11.359548, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 92.819437, "energy": 96.46199, "activity_lines": [ 19.63692, 18.448292, 17.904153, 17.840086 ] }, { "date": "2024-06-14", "close": 19.472425, "volume": 275074, "typical_volume": 170538.15, "trend": 17.841897, "fair_value": 16.496983, "relative_strength": 10.082295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.051307, "energy": 84.556723, "activity_lines": [ 19.795891, 18.775385, 18.06593, 17.946865 ] }, { "date": "2024-06-21", "close": 16.480209, "volume": 439737, "typical_volume": 186073.1, "trend": 17.799546, "fair_value": 16.469076, "relative_strength": -8.256675, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.029582, "energy": 37.20809, "activity_lines": [ 18.805851, 18.507718, 17.935851, 17.859014 ] }, { "date": "2024-06-28", "close": 16.056696, "volume": 271758, "typical_volume": 191949.95, "trend": 17.752284, "fair_value": 16.431482, "relative_strength": -8.73566, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -20.446854, "energy": 11.588888, "activity_lines": [ 17.793715, 18.156352, 17.772364, 17.746572 ] }, { "date": "2024-07-05", "close": 17.677095, "volume": 241169, "typical_volume": 196974.4, "trend": 17.740622, "fair_value": 16.409287, "relative_strength": -2.038205, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.336475, "energy": 19.907414, "activity_lines": [ 17.462884, 18.100609, 17.775301, 17.741721 ] }, { "date": "2024-07-12", "close": 17.621853, "volume": 165383, "typical_volume": 199461.4, "trend": 17.733871, "fair_value": 16.385212, "relative_strength": -2.966101, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.323579, "energy": 23.566089, "activity_lines": [ 17.294705, 18.009378, 17.773241, 17.734059 ] }, { "date": "2024-07-19", "close": 17.382477, "volume": 175229, "typical_volume": 199915.45, "trend": 17.704409, "fair_value": 16.362217, "relative_strength": -1.835051, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.085032, "energy": 17.432821, "activity_lines": [ 17.268312, 17.85554, 17.749522, 17.711388 ] }, { "date": "2024-07-26", "close": 16.977377, "volume": 116399, "typical_volume": 200337.35, "trend": 17.680471, "fair_value": 16.336298, "relative_strength": -3.777405, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.032924, "energy": 17.937621, "activity_lines": [ 17.246216, 17.6247, 17.68959, 17.664483 ] }, { "date": "2024-08-02", "close": 16.185589, "volume": 150668, "typical_volume": 199219.65, "trend": 17.635051, "fair_value": 16.302987, "relative_strength": -4.777258, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.868334, "energy": 34.605013, "activity_lines": [ 16.927046, 17.273334, 17.55802, 17.568039 ] }, { "date": "2024-08-09", "close": 16.577562, "volume": 150750, "typical_volume": 196143.5, "trend": 17.589193, "fair_value": 16.274524, "relative_strength": -2.575166, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.402827, "energy": 34.006175, "activity_lines": [ 16.72994, 17.029394, 17.471059, 17.499814 ] }, { "date": "2024-08-16", "close": 16.50108, "volume": 100863, "typical_volume": 190455.5, "trend": 17.546923, "fair_value": 16.251684, "relative_strength": -5.176968, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.271477, "energy": 43.797525, "activity_lines": [ 16.580643, 16.840921, 17.382049, 17.429613 ] }, { "date": "2024-08-23", "close": 16.787889, "volume": 131234, "typical_volume": 187268.2, "trend": 17.505621, "fair_value": 16.229459, "relative_strength": -4.972594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.185143, "energy": 44.178673, "activity_lines": [ 16.601667, 16.785403, 17.325341, 17.380643 ] }, { "date": "2024-08-30", "close": 16.615803, "volume": 242997, "typical_volume": 188900.0, "trend": 17.461652, "fair_value": 16.206577, "relative_strength": -6.427763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.209681, "energy": 37.449042, "activity_lines": [ 16.604968, 16.747407, 17.251743, 17.323235 ] }, { "date": "2024-09-06", "close": 16.424599, "volume": 127280, "typical_volume": 187176.9, "trend": 17.389212, "fair_value": 16.190139, "relative_strength": -3.807833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.084926, "energy": 32.205565, "activity_lines": [ 16.56864, 16.672181, 17.157536, 17.256329 ] }, { "date": "2024-09-13", "close": 16.328995, "volume": 82675, "typical_volume": 184450.4, "trend": 17.342434, "fair_value": 16.170642, "relative_strength": -5.671448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.347038, "energy": 33.562334, "activity_lines": [ 16.484509, 16.572883, 17.052735, 17.187928 ] }, { "date": "2024-09-20", "close": 16.080427, "volume": 164876, "typical_volume": 185041.95, "trend": 17.283074, "fair_value": 16.141882, "relative_strength": -7.337246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.352799, "energy": 55.015466, "activity_lines": [ 16.334094, 16.452902, 16.924016, 17.106508 ] }, { "date": "2024-09-27", "close": 16.19515, "volume": 202628, "typical_volume": 189627.65, "trend": 17.226924, "fair_value": 16.120638, "relative_strength": -9.878666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.48289, "energy": 52.072242, "activity_lines": [ 16.249963, 16.381806, 16.808565, 17.036319 ] }, { "date": "2024-10-04", "close": 15.258241, "volume": 289511, "typical_volume": 196256.9, "trend": 17.143227, "fair_value": 16.097279, "relative_strength": -11.944806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.810189, "energy": 71.226951, "activity_lines": [ 15.893045, 16.16195, 16.608662, 16.909307 ] }, { "date": "2024-10-11", "close": 15.372965, "volume": 156488, "typical_volume": 198509.35, "trend": 17.065195, "fair_value": 16.078991, "relative_strength": -11.356552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.247724, "energy": 74.783104, "activity_lines": [ 15.664873, 15.99421, 16.43401, 16.795097 ] }, { "date": "2024-10-18", "close": 15.525929, "volume": 157305, "typical_volume": 192490.1, "trend": 16.993489, "fair_value": 16.061239, "relative_strength": -10.522227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.322207, "energy": 72.675686, "activity_lines": [ 15.557797, 15.869057, 16.287265, 16.695789 ] }, { "date": "2024-10-25", "close": 15.430326, "volume": 132056, "typical_volume": 188704.0, "trend": 16.922894, "fair_value": 16.045319, "relative_strength": -9.203916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.053113, "energy": 74.258525, "activity_lines": [ 15.472392, 15.745642, 16.154592, 16.59494 ] }, { "date": "2024-11-01", "close": 15.219999, "volume": 188062, "typical_volume": 184353.4, "trend": 16.874135, "fair_value": 16.024383, "relative_strength": -8.895449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.192956, "energy": 71.856129, "activity_lines": [ 15.360217, 15.603455, 16.02815, 16.485076 ] }, { "date": "2024-11-08", "close": 15.54505, "volume": 182750, "typical_volume": 171504.05, "trend": 16.855239, "fair_value": 16.00642, "relative_strength": -5.672723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.645652, "energy": 56.246039, "activity_lines": [ 15.421403, 15.548874, 15.952915, 16.399328 ] }, { "date": "2024-11-15", "close": 15.334724, "volume": 136799, "typical_volume": 164756.1, "trend": 16.829332, "fair_value": 15.991778, "relative_strength": -5.677078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.036323, "energy": 49.604719, "activity_lines": [ 15.39336, 15.47552, 15.862103, 16.301231 ] }, { "date": "2024-11-22", "close": 15.392085, "volume": 191178, "typical_volume": 162256.55, "trend": 16.799813, "fair_value": 15.98534, "relative_strength": -4.877911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.891041, "energy": 44.360662, "activity_lines": [ 15.386986, 15.432412, 15.780191, 16.208505 ] }, { "date": "2024-11-29", "close": 16.405478, "volume": 352214, "typical_volume": 171598.1, "trend": 16.794253, "fair_value": 15.982841, "relative_strength": 1.761262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.734188, "energy": 19.535351, "activity_lines": [ 15.727333, 15.590592, 15.805674, 16.183064 ] }, { "date": "2024-12-06", "close": 16.749649, "volume": 168627, "typical_volume": 171268.0, "trend": 16.779296, "fair_value": 15.986051, "relative_strength": 1.335707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.913296, "energy": 14.043493, "activity_lines": [ 16.117394, 15.805438, 15.869728, 16.180187 ] }, { "date": "2024-12-13", "close": 17.743919, "volume": 224172, "typical_volume": 176656.65, "trend": 16.761883, "fair_value": 16.000302, "relative_strength": 7.556814, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 22.449012, "energy": 32.394389, "activity_lines": [ 16.736901, 16.190979, 16.031487, 16.24242 ] }, { "date": "2024-12-20", "close": 17.39975, "volume": 337699, "typical_volume": 186008.2, "trend": 16.736065, "fair_value": 16.010014, "relative_strength": 7.449154, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.815879, "energy": 39.725169, "activity_lines": [ 17.095094, 16.468749, 16.156818, 16.283573 ] }, { "date": "2024-12-27", "close": 17.743919, "volume": 61827, "typical_volume": 181562.05, "trend": 16.647759, "fair_value": 16.017373, "relative_strength": 8.30727, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.254037, "energy": 62.381296, "activity_lines": [ 17.430342, 16.772245, 16.309146, 16.348596 ] }, { "date": "2025-01-03", "close": 17.49535, "volume": 67309, "typical_volume": 179884.35, "trend": 16.532754, "fair_value": 16.022973, "relative_strength": 7.827627, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.380225, "energy": 66.926221, "activity_lines": [ 17.525944, 16.99022, 16.432246, 16.403279 ] }, { "date": "2025-01-10", "close": 17.074699, "volume": 95490, "typical_volume": 178097.15, "trend": 16.452829, "fair_value": 16.031045, "relative_strength": 3.223051, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.328574, "energy": 51.33136, "activity_lines": [ 17.408671, 17.094167, 16.51055, 16.438243 ] }, { "date": "2025-01-17", "close": 17.093819, "volume": 120319, "typical_volume": 171963.25, "trend": 16.473283, "fair_value": 16.041129, "relative_strength": -0.230471, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 57.411325, "energy": 41.693085, "activity_lines": [ 17.276102, 17.167868, 16.589308, 16.479597 ] }, { "date": "2025-01-24", "close": 16.807009, "volume": 144626, "typical_volume": 172830.55, "trend": 16.498294, "fair_value": 16.05032, "relative_strength": -4.40074, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 41.829135, "energy": 26.535393, "activity_lines": [ 17.091269, 17.161262, 16.638475, 16.501128 ] }, { "date": "2025-01-31", "close": 17.43799, "volume": 94241, "typical_volume": 173408.85, "trend": 16.490323, "fair_value": 16.065168, "relative_strength": -0.947988, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.112787, "energy": 26.270037, "activity_lines": [ 17.156279, 17.242612, 16.745915, 16.561754 ] }, { "date": "2025-02-07", "close": 16.940853, "volume": 121554, "typical_volume": 171242.75, "trend": 16.467623, "fair_value": 16.079496, "relative_strength": -3.79116, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.374889, "energy": 21.188134, "activity_lines": [ 17.075973, 17.196375, 16.800727, 16.59082 ] }, { "date": "2025-02-14", "close": 16.807009, "volume": 109077, "typical_volume": 166565.2, "trend": 16.448441, "fair_value": 16.095802, "relative_strength": -6.764868, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.902661, "energy": 17.773832, "activity_lines": [ 16.988018, 17.116068, 16.838695, 16.612716 ] }, { "date": "2025-02-21", "close": 17.036457, "volume": 138567, "typical_volume": 159018.0, "trend": 16.45041, "fair_value": 16.111688, "relative_strength": -5.087004, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.614649, "energy": 18.547396, "activity_lines": [ 16.994391, 17.076436, 16.895602, 16.650653 ] }, { "date": "2025-02-28", "close": 16.50108, "volume": 169245, "typical_volume": 159655.85, "trend": 16.460927, "fair_value": 16.134592, "relative_strength": -7.406354, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.243822, "energy": 15.06196, "activity_lines": [ 16.82613, 16.952326, 16.893052, 16.653922 ] }, { "date": "2025-03-07", "close": 16.481958, "volume": 145815, "typical_volume": 159081.35, "trend": 16.45774, "fair_value": 16.155261, "relative_strength": -7.469222, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.480099, "energy": 11.14085, "activity_lines": [ 16.67189, 16.841079, 16.88331, 16.655278 ] }, { "date": "2025-03-14", "close": 15.85098, "volume": 147882, "typical_volume": 159872.65, "trend": 16.43607, "fair_value": 16.165382, "relative_strength": -9.831674, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.533981, "energy": 25.325357, "activity_lines": [ 16.37106, 16.638053, 16.808922, 16.616133 ] }, { "date": "2025-03-21", "close": 15.487689, "volume": 195825, "typical_volume": 160260.8, "trend": 16.39273, "fair_value": 16.170451, "relative_strength": -11.871002, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.370852, "energy": 55.123449, "activity_lines": [ 16.02179, 16.398872, 16.697931, 16.554947 ] }, { "date": "2025-03-28", "close": 15.162638, "volume": 252291, "typical_volume": 163737.85, "trend": 16.344291, "fair_value": 16.174715, "relative_strength": -12.165379, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.57043, "energy": 64.877982, "activity_lines": [ 15.652125, 16.129445, 16.554709, 16.475586 ] }, { "date": "2025-04-04", "close": 14.359573, "volume": 224000, "typical_volume": 168097.9, "trend": 16.275457, "fair_value": 16.176054, "relative_strength": -9.410239, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.198569, "energy": 77.858039, "activity_lines": [ 15.139693, 15.749119, 16.336825, 16.34754 ] }, { "date": "2025-04-11", "close": 14.703744, "volume": 258179, "typical_volume": 171447.95, "trend": 16.221282, "fair_value": 16.179155, "relative_strength": -5.066311, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.703547, "energy": 72.11935, "activity_lines": [ 14.884752, 15.475868, 16.156363, 16.246139 ] }, { "date": "2025-04-18", "close": 15.200879, "volume": 114373, "typical_volume": 159555.9, "trend": 16.191964, "fair_value": 16.182386, "relative_strength": -4.36134, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.113784, "energy": 72.506615, "activity_lines": [ 14.91407, 15.342719, 16.026525, 16.180306 ] }, { "date": "2025-04-25", "close": 15.277361, "volume": 122251, "typical_volume": 157237.1, "trend": 16.161371, "fair_value": 16.181215, "relative_strength": -7.085839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.982585, "energy": 51.802249, "activity_lines": [ 15.012222, 15.255112, 15.909707, 16.1213 ] }, { "date": "2025-05-02", "close": 16.252512, "volume": 97318, "typical_volume": 150894.4, "trend": 16.194513, "fair_value": 16.18813, "relative_strength": -4.142155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.132697, "energy": 27.552363, "activity_lines": [ 15.449447, 15.372617, 15.892772, 16.12718 ] }, { "date": "2025-05-09", "close": 16.367237, "volume": 154149, "typical_volume": 141716.9, "trend": 16.227656, "fair_value": 16.1915, "relative_strength": -3.150322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.367355, "energy": 20.315476, "activity_lines": [ 15.852255, 15.525234, 15.893864, 16.138323 ] }, { "date": "2025-05-16", "close": 16.82613, "volume": 124186, "typical_volume": 144834.85, "trend": 16.270996, "fair_value": 16.194755, "relative_strength": -2.150662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 12.635961, "energy": 22.172892, "activity_lines": [ 16.274182, 15.76372, 15.943578, 16.176934 ] }, { "date": "2025-05-23", "close": 15.698015, "volume": 162495, "typical_volume": 149594.15, "trend": 16.279919, "fair_value": 16.18611, "relative_strength": -6.736274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.385622, "energy": 23.113653, "activity_lines": [ 16.178579, 15.790837, 15.890222, 16.139968 ] }, { "date": "2025-05-30", "close": 15.736255, "volume": 258943, "typical_volume": 157766.8, "trend": 16.297127, "fair_value": 16.175264, "relative_strength": -6.288232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.880962, "energy": 19.192039, "activity_lines": [ 16.062581, 15.827687, 15.849067, 16.104893 ] }, { "date": "2025-06-06", "close": 14.990553, "volume": 322143, "typical_volume": 167858.0, "trend": 16.278644, "fair_value": 16.166197, "relative_strength": -10.782981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.199109, "energy": 24.361388, "activity_lines": [ 15.667422, 15.724436, 15.743267, 16.020598 ] }, { "date": "2025-06-13", "close": 14.894949, "volume": 177785, "typical_volume": 169515.95, "trend": 16.263985, "fair_value": 16.16452, "relative_strength": -9.434035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.911193, "energy": 40.26744, "activity_lines": [ 15.324525, 15.606931, 15.638377, 15.931327 ] }, { "date": "2025-06-20", "close": 14.531658, "volume": 383475, "typical_volume": 183977.65, "trend": 16.235304, "fair_value": 16.161293, "relative_strength": -10.338837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.848074, "energy": 62.29724, "activity_lines": [ 14.958685, 15.413639, 15.507992, 15.819564 ] }, { "date": "2025-06-27", "close": 15.277361, "volume": 174240, "typical_volume": 186611.95, "trend": 16.1977, "fair_value": 16.168738, "relative_strength": -6.851829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.121535, "energy": 57.41412, "activity_lines": [ 14.994376, 15.359058, 15.462467, 15.757761 ] }, { "date": "2025-07-04", "close": 15.831859, "volume": 213820, "typical_volume": 191849.1, "trend": 16.167107, "fair_value": 16.170288, "relative_strength": -3.315736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.203777, "energy": 36.903916, "activity_lines": [ 15.242944, 15.403905, 15.477673, 15.734159 ] }, { "date": "2025-07-11", "close": 15.85098, "volume": 172959, "typical_volume": 193568.7, "trend": 16.104009, "fair_value": 16.172295, "relative_strength": -4.622261, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.866241, "energy": 15.878656, "activity_lines": [ 15.491512, 15.442146, 15.499343, 15.713764 ] }, { "date": "2025-07-18", "close": 15.258241, "volume": 133488, "typical_volume": 191780.85, "trend": 16.032625, "fair_value": 16.164054, "relative_strength": -7.813399, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.090391, "energy": 16.847154, "activity_lines": [ 15.485139, 15.379917, 15.470206, 15.659198 ] }, { "date": "2025-07-25", "close": 15.564171, "volume": 108319, "typical_volume": 189906.05, "trend": 15.959967, "fair_value": 16.158275, "relative_strength": -5.875535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.612785, "energy": 15.854004, "activity_lines": [ 15.556523, 15.393476, 15.476125, 15.628975 ] }, { "date": "2025-08-01", "close": 15.219999, "volume": 142600, "typical_volume": 189641.95, "trend": 15.884122, "fair_value": 16.149499, "relative_strength": -4.251375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.602965, "energy": 14.093919, "activity_lines": [ 15.444348, 15.367402, 15.453635, 15.581235 ] }, { "date": "2025-08-08", "close": 15.86, "volume": 175212, "typical_volume": 188611.3, "trend": 15.843632, "fair_value": 16.147975, "relative_strength": -2.555145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.016092, "energy": 8.258206, "activity_lines": [ 15.549331, 15.466383, 15.495103, 15.579679 ] }, { "date": "2025-08-15", "close": 16.139999, "volume": 112749, "typical_volume": 181634.2, "trend": 15.811838, "fair_value": 16.149904, "relative_strength": -2.935145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.842161, "energy": 7.071555, "activity_lines": [ 15.745772, 15.614024, 15.561464, 15.598799 ] }, { "date": "2025-08-22", "close": 16.719999, "volume": 109563, "typical_volume": 175912.35, "trend": 15.808938, "fair_value": 16.159387, "relative_strength": 0.077452, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.629084, "energy": 39.537388, "activity_lines": [ 16.116277, 15.84622, 15.678409, 15.65739 ] }, { "date": "2025-08-29", "close": 15.98, "volume": 139074, "typical_volume": 169957.1, "trend": 15.760338, "fair_value": 16.165098, "relative_strength": -0.95816, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.179294, "energy": 37.0737, "activity_lines": [ 16.142666, 15.910688, 15.713638, 15.668427 ] }, { "date": "2025-09-05", "close": 15.9, "volume": 219088, "typical_volume": 175192.85, "trend": 15.725643, "fair_value": 16.171098, "relative_strength": -0.932514, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.684726, "energy": 41.404387, "activity_lines": [ 16.114666, 15.934276, 15.735171, 15.677437 ] }, { "date": "2025-09-12", "close": 15.98, "volume": 179580, "typical_volume": 178059.3, "trend": 15.698076, "fair_value": 16.188429, "relative_strength": -2.217888, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.653408, "energy": 32.295667, "activity_lines": [ 16.068, 15.96109, 15.760993, 15.693847 ] }, { "date": "2025-09-19", "close": 16.040001, "volume": 159375, "typical_volume": 181162.15, "trend": 15.664861, "fair_value": 16.213126, "relative_strength": -2.113453, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 47.339652, "energy": 22.728313, "activity_lines": [ 16.033334, 15.99612, 15.789184, 15.715907 ] }, { "date": "2025-09-26", "close": 12.52, "volume": 898743, "typical_volume": 218391.85, "trend": 15.532158, "fair_value": 16.211939, "relative_strength": -23.416399, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.832187, "energy": 56.496812, "activity_lines": [ 14.832, 15.387712, 15.483149, 15.513013 ] }, { "date": "2025-10-03", "close": 13.64, "volume": 535205, "typical_volume": 238942.8, "trend": 15.437426, "fair_value": 16.215986, "relative_strength": -18.489232, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.840553, "energy": 71.933581, "activity_lines": [ 14.284, 15.032727, 15.302101, 15.390938 ] }, { "date": "2025-10-10", "close": 13.42, "volume": 282418, "typical_volume": 244938.95, "trend": 15.356393, "fair_value": 16.219882, "relative_strength": -17.893003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.003697, "energy": 79.90815, "activity_lines": [ 13.818667, 14.672727, 15.115272, 15.260781 ] }, { "date": "2025-10-17", "close": 13.8, "volume": 201448, "typical_volume": 242064.2, "trend": 15.300137, "fair_value": 16.227416, "relative_strength": -17.94595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.474949, "energy": 79.527002, "activity_lines": [ 13.645333, 14.414546, 14.975481, 15.160369 ] }, { "date": "2025-10-24", "close": 14.44, "volume": 299677, "typical_volume": 240940.9, "trend": 15.276049, "fair_value": 16.238709, "relative_strength": -14.435394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.67471, "energy": 68.939622, "activity_lines": [ 13.830667, 14.310182, 14.905863, 15.104876 ] }, { "date": "2025-10-31", "close": 14.92, "volume": 298565, "typical_volume": 246979.9, "trend": 15.29473, "fair_value": 16.253021, "relative_strength": -10.270326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.027992, "energy": 36.900256, "activity_lines": [ 14.282667, 14.324, 14.884581, 15.081905 ] }, { "date": "2025-11-07", "close": 14.3, "volume": 187404, "typical_volume": 237176.35, "trend": 15.281272, "fair_value": 16.26004, "relative_strength": -11.885993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.459769, "energy": 24.267982, "activity_lines": [ 14.368, 14.257818, 14.804133, 15.017729 ] }, { "date": "2025-11-14", "close": 14.62, "volume": 158710, "typical_volume": 236399.85, "trend": 15.261909, "fair_value": 16.272544, "relative_strength": -12.073961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.823335, "energy": 21.052902, "activity_lines": [ 14.516, 14.280364, 14.755263, 14.975067 ] }, { "date": "2025-11-21", "close": 14.12, "volume": 260351, "typical_volume": 238726.4, "trend": 15.223331, "fair_value": 16.275662, "relative_strength": -12.79637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.528155, "energy": 20.022806, "activity_lines": [ 14.417333, 14.235273, 14.661905, 14.901395 ] }, { "date": "2025-11-28", "close": 14.34, "volume": 226378, "typical_volume": 241397.35, "trend": 15.15958, "fair_value": 16.283166, "relative_strength": -12.548493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.240569, "energy": 22.372198, "activity_lines": [ 14.370667, 14.264, 14.59765, 14.844406 ] }, { "date": "2025-12-05", "close": 14.9, "volume": 290620, "typical_volume": 249253.95, "trend": 15.110672, "fair_value": 16.302673, "relative_strength": -8.679533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.597011, "energy": 14.280011, "activity_lines": [ 14.517333, 14.425455, 14.593925, 14.827659 ] }, { "date": "2025-12-12", "close": 14.56, "volume": 187560, "typical_volume": 253216.0, "trend": 15.035135, "fair_value": 16.319485, "relative_strength": -9.74379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.206575, "energy": 14.210534, "activity_lines": [ 14.552, 14.481818, 14.559524, 14.792132 ] }, { "date": "2025-12-19", "close": 14.42, "volume": 302858, "typical_volume": 261228.9, "trend": 14.992534, "fair_value": 16.335801, "relative_strength": -10.985896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.942055, "energy": 13.823609, "activity_lines": [ 14.522667, 14.496, 14.516571, 14.752445 ] }, { "date": "2025-12-26", "close": 14.34, "volume": 99863, "typical_volume": 257461.45, "trend": 14.945992, "fair_value": 16.348914, "relative_strength": -10.400278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.785365, "energy": 12.5974, "activity_lines": [ 14.48, 14.477455, 14.46981, 14.710346 ] }, { "date": "2026-01-02", "close": 14.5, "volume": 77431, "typical_volume": 255695.55, "trend": 14.929641, "fair_value": 16.354524, "relative_strength": -9.857813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.810428, "energy": 16.819836, "activity_lines": [ 14.476, 14.478182, 14.445524, 14.681573 ] }, { "date": "2026-01-09", "close": 15.62, "volume": 187119, "typical_volume": 259573.35, "trend": 14.953809, "fair_value": 16.366284, "relative_strength": -4.430561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.558412, "energy": 12.746348, "activity_lines": [ 14.834667, 14.681455, 14.535714, 14.726112 ] }, { "date": "2026-01-16", "close": 16.4, "volume": 205544, "typical_volume": 262896.85, "trend": 15.016087, "fair_value": 16.380183, "relative_strength": 1.82688, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.068444, "energy": 50.804464, "activity_lines": [ 15.405333, 15.013818, 14.705429, 14.819415 ] }, { "date": "2026-01-23", "close": 16.639999, "volume": 158982, "typical_volume": 259891.55, "trend": 15.061508, "fair_value": 16.396078, "relative_strength": 4.866626, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.521504, "energy": 63.37158, "activity_lines": [ 15.933333, 15.351636, 14.896, 14.924183 ] }, { "date": "2026-01-30", "close": 15.94, "volume": 132565, "typical_volume": 257540.8, "trend": 15.065113, "fair_value": 16.40594, "relative_strength": 0.890317, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.806045, "energy": 64.329141, "activity_lines": [ 16.08, 15.525454, 15.016381, 14.98086 ] }, { "date": "2026-02-06", "close": 15.14, "volume": 130254, "typical_volume": 256084.75, "trend": 15.041414, "fair_value": 16.407812, "relative_strength": -5.603958, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.821237, "energy": 57.259169, "activity_lines": [ 15.853333, 15.520727, 15.060762, 14.985692 ] }, { "date": "2026-02-13", "close": 14.56, "volume": 234557, "typical_volume": 222875.45, "trend": 15.018139, "fair_value": 16.405967, "relative_strength": -9.361434, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 2.901991, "energy": 12.46824, "activity_lines": [ 15.390667, 15.396, 15.05419, 14.954633 ] }, { "date": "2026-02-20", "close": 13.28, "volume": 435651, "typical_volume": 217897.75, "trend": 14.942, "fair_value": 16.396832, "relative_strength": -18.880154, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.609162, "energy": 27.039447, "activity_lines": [ 14.572, 15.044727, 14.916, 14.842495 ] }, { "date": "2026-02-27", "close": 13.52, "volume": 301360, "typical_volume": 218844.85, "trend": 14.885333, "fair_value": 16.386431, "relative_strength": -17.664496, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.308439, "energy": 44.73912, "activity_lines": [ 14.041333, 14.760364, 14.802381, 14.750753 ] }, { "date": "2026-03-06", "close": 13.62, "volume": 209505, "typical_volume": 219247.7, "trend": 14.810667, "fair_value": 16.380448, "relative_strength": -10.669409, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.257814, "energy": 48.202094, "activity_lines": [ 13.752, 14.510545, 14.697809, 14.669118 ] }, { "date": "2026-03-13", "close": 13.04, "volume": 217812, "typical_volume": 215154.45, "trend": 14.707333, "fair_value": 16.374468, "relative_strength": -13.302377, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.041753, "energy": 73.431969, "activity_lines": [ 13.424, 14.168364, 14.538857, 14.554882 ] }, { "date": "2026-03-20", "close": 12.66, "volume": 206763, "typical_volume": 210564.35, "trend": 14.572, "fair_value": 16.364449, "relative_strength": -12.887141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.491591, "energy": 76.611662, "activity_lines": [ 13.109333, 13.783636, 14.350381, 14.422796 ] }, { "date": "2026-03-27", "close": 11.24, "volume": 697944, "typical_volume": 236091.35, "trend": 14.414, "fair_value": 16.340463, "relative_strength": -22.665163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.391807, "energy": 81.946811, "activity_lines": [ 12.448, 13.194545, 14.037429, 14.207828 ] }, { "date": "2026-04-03", "close": 10.8, "volume": 231465, "typical_volume": 239729.1, "trend": 14.244, "fair_value": 16.306102, "relative_strength": -27.667869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.878187, "energy": 86.659821, "activity_lines": [ 11.776, 12.619273, 13.697143, 13.974667 ] }, { "date": "2026-04-10", "close": 10.94, "volume": 198044, "typical_volume": 236613.75, "trend": 14.076, "fair_value": 16.276644, "relative_strength": -28.822906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.478007, "energy": 87.469264, "activity_lines": [ 11.332, 12.175636, 13.388381, 13.761505 ] }, { "date": "2026-04-17", "close": 12.08, "volume": 249878, "typical_volume": 237788.75, "trend": 13.944, "fair_value": 16.253006, "relative_strength": -22.426948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.456438, "energy": 77.757358, "activity_lines": [ 11.446667, 12.030182, 13.203333, 13.632731 ] }, { "date": "2026-04-24", "close": 11.44, "volume": 275898, "typical_volume": 237052.65, "trend": 13.908, "fair_value": 16.223319, "relative_strength": -23.633112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.065613, "energy": 68.347899, "activity_lines": [ 11.412, 11.824, 12.968095, 13.471183 ] }, { "date": "2026-05-01", "close": 11.62, "volume": 211253, "typical_volume": 238237.3, "trend": 13.840667, "fair_value": 16.196847, "relative_strength": -21.478274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.395979, "energy": 50.566016, "activity_lines": [ 11.518667, 11.707273, 12.766476, 13.32357 ] }, { "date": "2026-05-08", "close": 11.68, "volume": 207388, "typical_volume": 233463.8, "trend": 13.782667, "fair_value": 16.171675, "relative_strength": -20.485702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.226932, "energy": 42.443209, "activity_lines": [ 11.62, 11.631636, 12.584571, 13.184172 ] }, { "date": "2026-05-15", "close": 11.96, "volume": 174372, "typical_volume": 237189.25, "trend": 13.721333, "fair_value": 16.14784, "relative_strength": -16.382097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.871246, "energy": 36.959659, "activity_lines": [ 11.756, 11.640364, 12.442381, 13.066581 ] }, { "date": "2026-05-22", "close": 12.34, "volume": 365634, "typical_volume": 251599.4, "trend": 13.651333, "fair_value": 16.122549, "relative_strength": -14.997505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.571054, "energy": 30.465383, "activity_lines": [ 11.950667, 11.748364, 12.347714, 12.977462 ] }, { "date": "2026-05-29", "close": 12.22, "volume": 1534983, "typical_volume": 318992.6, "trend": 13.561333, "fair_value": 16.095001, "relative_strength": -16.034869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.373918, "energy": 24.665333, "activity_lines": [ 12.088, 11.847273, 12.251905, 12.885118 ] }, { "date": "2026-06-05", "close": 12.56, "volume": 53179, "typical_volume": 311374.35, "trend": 13.503333, "fair_value": 16.072609, "relative_strength": -13.699037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.376145, "energy": 21.641994, "activity_lines": [ 12.286667, 12.016, 12.204667, 12.820516 ] }, { "date": "2026-06-12", "close": 12.44, "volume": 54549, "typical_volume": 306152.7, "trend": 13.430667, "fair_value": 16.046471, "relative_strength": -15.46933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.828472, "energy": 21.132355, "activity_lines": [ 12.382667, 12.138909, 12.164286, 12.751914 ] }, { "date": "2026-06-19", "close": 12.2, "volume": 108270, "typical_volume": 304937.95, "trend": 13.366667, "fair_value": 16.018909, "relative_strength": -17.37178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.444598, "energy": 15.509681, "activity_lines": [ 12.348, 12.188364, 12.121048, 12.672516 ] }, { "date": "2026-06-26", "close": 11.72, "volume": 61344, "typical_volume": 301492.45, "trend": 13.279333, "fair_value": 15.986095, "relative_strength": -19.761451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.321568, "energy": 21.684701, "activity_lines": [ 12.137333, 12.127636, 12.049905, 12.56628 ] }, { "date": "2026-07-03", "close": 11.323201, "volume": 30800, "typical_volume": 291304.6, "trend": 13.160107, "fair_value": 15.950509, "relative_strength": -22.983164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.61544, "energy": 40.933803, "activity_lines": [ 11.835734, 12.001309, 11.957257, 12.440077 ] }, { "date": "2026-07-10", "close": 11.285394, "volume": 141574, "typical_volume": 276600.75, "trend": 13.050953, "fair_value": 15.915367, "relative_strength": -21.094326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.417665, "energy": 64.609291, "activity_lines": [ 11.581318, 11.870232, 11.876422, 12.319128 ] }, { "date": "2026-07-17", "close": 11.342105, "volume": 150157, "typical_volume": 269040.6, "trend": 12.948357, "fair_value": 15.875896, "relative_strength": -20.167852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.972605, "energy": 72.766649, "activity_lines": [ 11.43078, 11.755549, 11.810487, 12.20888 ] }, { "date": "2026-07-24", "close": 12.079342, "volume": 304336, "typical_volume": 273782.15, "trend": 12.873001, "fair_value": 15.837144, "relative_strength": -14.795658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.121321, "energy": 50.94372, "activity_lines": [ 11.599181, 11.781053, 11.825135, 12.152815 ] }, { "date": "2026-07-31", "close": 12.797675, "volume": 305015, "typical_volume": 278142.3, "trend": 12.816257, "fair_value": 15.807046, "relative_strength": -10.665372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.361129, "energy": 7.459178, "activity_lines": [ 12.01507, 11.934993, 11.915532, 12.147955 ] }, { "date": "2026-08-07", "close": 13.2, "volume": 301600, "typical_volume": 282884.15, "trend": 12.735591, "fair_value": 15.77634, "relative_strength": -9.475606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.173722, "energy": 24.261208, "activity_lines": [ 12.493222, 12.153762, 12.0454, 12.172712 ] } ], "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." } } }