{ "ticker": { "uuid": "fe7e11ee-69bc-458d-a317-79d080757d7f", "symbol": "VEL", "name": "Velocity Financial\u00a0Llc", "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": 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": 77.884, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -21.686, "architecture_energy": 12.221, "architecture_maturity": 35.058, "architecture_confidence": 66.904, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 53.53, "rotation_up": 26.21, "upward_expansion": 16.49, "deceleration": 36.01, "rotation_down": 34.27, "downward_expansion": 61.82 }, "activity_lines": [ 17.797333, 17.796182, 17.86781, 18.028946 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 18.46, "trend_reference": 18.368, "distance_from_trend": 0.005009, "trend_direction": "Weakening", "fair_value": 17.646731, "distance_from_fair_value": 0.046086, "fair_value_direction": "Weakening", "relative_strength": -11.573444, "relative_strength_direction": "Improving", "price_momentum": -0.099073, "excess_performance": -0.224698, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005009, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.023169, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.046086, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.018916, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.115734, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011126, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.099073, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.561207, "read": "Demand-led" } ], "volume": { "latest": 561900, "relative_activity": 1.270274, "balance": 1.561207, "dry_up": 1.205977, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.052085, "annualized_volatility": 0.247381, "from_high_reference": -0.137182, "from_low_reference": 0.108709 }, "levels": { "trend_reference": 18.368, "fair_value_reference": 17.646731, "structural_low": 16.65, "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": 0.035714, "positive_rate": 0.533333, "directional_follow_through": 0.466667, "median_excess_return": -0.000476, "regime_survival": 0.6, "best_return": 0.388889, "worst_return": -0.049911, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.028459, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.008407, "regime_survival": 0.0, "best_return": 0.388558, "worst_return": -0.034759, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.085659, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.016902, "regime_survival": 0.0, "best_return": 0.601111, "worst_return": -0.092649, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.139964, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.147173, "regime_survival": 0.0, "best_return": 1.061979, "worst_return": -0.254011, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.069948, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-27", "tenure": "Developing", "return": 0.12031, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": -0.063305, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.090286, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": -0.034483, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-10-03", "tenure": "New", "return": -0.025419, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-12-12", "tenure": "Developing", "return": 0.078151, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-02-27", "tenure": "Developing", "return": -0.048131, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.03224, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.108922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.021608, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-08", "tenure": "New", "return": -0.060762, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.011786, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.054857, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.75, "volume": 48838, "typical_volume": 81774.25, "trend": 10.300333, "fair_value": 10.240673, "relative_strength": 13.591797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.165415, "energy": 49.232734, "activity_lines": [ 12.906, 12.496364, 11.568571, 10.923957 ] }, { "date": "2023-08-25", "close": 12.11, "volume": 43875, "typical_volume": 81309.5, "trend": 10.370667, "fair_value": 10.284327, "relative_strength": 7.188763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.489631, "energy": 43.331311, "activity_lines": [ 12.700667, 12.472182, 11.699857, 11.04071 ] }, { "date": "2023-09-01", "close": 12.2, "volume": 27767, "typical_volume": 79057.05, "trend": 10.433, "fair_value": 10.331058, "relative_strength": 5.532697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.046794, "energy": 36.098605, "activity_lines": [ 12.528667, 12.456, 11.824476, 11.158731 ] }, { "date": "2023-09-08", "close": 11.75, "volume": 123081, "typical_volume": 82454.3, "trend": 10.486333, "fair_value": 10.372724, "relative_strength": 3.257259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.445218, "energy": 22.156675, "activity_lines": [ 12.2, 12.363455, 11.890714, 11.243699 ] }, { "date": "2023-09-15", "close": 11.47, "volume": 409834, "typical_volume": 99266.7, "trend": 10.543667, "fair_value": 10.411827, "relative_strength": 1.563851, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.009684, "energy": 20.016668, "activity_lines": [ 11.861333, 12.216, 11.917095, 11.307161 ] }, { "date": "2023-09-22", "close": 11.18, "volume": 118018, "typical_volume": 101015.25, "trend": 10.592, "fair_value": 10.452788, "relative_strength": 2.395421, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.223688, "energy": 17.403858, "activity_lines": [ 11.569333, 12.012364, 11.904667, 11.348215 ] }, { "date": "2023-09-29", "close": 11.3, "volume": 80363, "typical_volume": 103321.5, "trend": 10.652, "fair_value": 10.492724, "relative_strength": 4.55482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.675973, "energy": 14.595348, "activity_lines": [ 11.422, 11.842545, 11.893238, 11.393892 ] }, { "date": "2023-10-06", "close": 11.56, "volume": 85087, "typical_volume": 104224.1, "trend": 10.758333, "fair_value": 10.535481, "relative_strength": 6.729261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.629886, "energy": 13.936854, "activity_lines": [ 11.415333, 11.735636, 11.895095, 11.452473 ] }, { "date": "2023-10-13", "close": 11.04, "volume": 82800, "typical_volume": 104547.65, "trend": 10.846667, "fair_value": 10.575929, "relative_strength": 1.779116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.135677, "energy": 11.501673, "activity_lines": [ 11.278, 11.544, 11.835286, 11.470645 ] }, { "date": "2023-10-20", "close": 10.99, "volume": 83940, "typical_volume": 103750.65, "trend": 10.908667, "fair_value": 10.617596, "relative_strength": 3.881648, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.630142, "energy": 10.752778, "activity_lines": [ 11.171333, 11.378909, 11.761, 11.479892 ] }, { "date": "2023-10-27", "close": 11.4, "volume": 74689, "typical_volume": 102933.25, "trend": 10.987667, "fair_value": 10.662788, "relative_strength": 10.375846, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.991503, "energy": 10.048762, "activity_lines": [ 11.233333, 11.336182, 11.718048, 11.511591 ] }, { "date": "2023-11-03", "close": 12.86, "volume": 68515, "typical_volume": 97915.35, "trend": 11.119333, "fair_value": 10.716378, "relative_strength": 17.189305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.482382, "energy": 18.347097, "activity_lines": [ 11.767333, 11.583455, 11.81219, 11.632387 ] }, { "date": "2023-11-10", "close": 14.43, "volume": 42283, "typical_volume": 93828.9, "trend": 11.302333, "fair_value": 10.772212, "relative_strength": 29.078517, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 74.450634, "energy": 59.252912, "activity_lines": [ 12.720667, 12.102545, 12.050095, 11.845978 ] }, { "date": "2023-11-17", "close": 14.72, "volume": 110489, "typical_volume": 90819.55, "trend": 11.493667, "fair_value": 10.827788, "relative_strength": 28.002392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.286568, "energy": 73.162488, "activity_lines": [ 13.579333, 12.633818, 12.306429, 12.066473 ] }, { "date": "2023-11-24", "close": 14.41, "volume": 62639, "typical_volume": 89205.9, "trend": 11.67, "fair_value": 10.879968, "relative_strength": 23.504954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.272608, "energy": 76.372488, "activity_lines": [ 14.089333, 13.054727, 12.518048, 12.254624 ] }, { "date": "2023-12-01", "close": 14.65, "volume": 98970, "typical_volume": 91825.4, "trend": 11.858667, "fair_value": 10.935224, "relative_strength": 23.909462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.01745, "energy": 77.2409, "activity_lines": [ 14.451333, 13.465818, 12.737619, 12.446882 ] }, { "date": "2023-12-08", "close": 14.7, "volume": 111537, "typical_volume": 94934.0, "trend": 12.052333, "fair_value": 10.990994, "relative_strength": 23.395899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.558078, "energy": 71.190683, "activity_lines": [ 14.613333, 13.822909, 12.948571, 12.630194 ] }, { "date": "2023-12-15", "close": 15.85, "volume": 353741, "typical_volume": 109489.4, "trend": 12.280333, "fair_value": 11.052532, "relative_strength": 29.149059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.973823, "energy": 64.424615, "activity_lines": [ 15.036, 14.327273, 13.256952, 12.875204 ] }, { "date": "2023-12-22", "close": 15.99, "volume": 100284, "typical_volume": 112247.9, "trend": 12.513333, "fair_value": 11.114808, "relative_strength": 28.305403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.413732, "energy": 59.45562, "activity_lines": [ 15.410667, 14.779091, 13.56081, 13.114538 ] }, { "date": "2023-12-29", "close": 17.22, "volume": 175439, "typical_volume": 115109.45, "trend": 12.775, "fair_value": 11.185256, "relative_strength": 36.632998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.322384, "energy": 68.977484, "activity_lines": [ 16.110667, 15.364545, 13.967571, 13.418194 ] }, { "date": "2024-01-05", "close": 15.43, "volume": 102651, "typical_volume": 117800.1, "trend": 12.923, "fair_value": 11.238974, "relative_strength": 23.756879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.319088, "energy": 52.737936, "activity_lines": [ 16.026667, 15.511273, 14.186714, 13.589484 ] }, { "date": "2024-01-12", "close": 16.02, "volume": 112260, "typical_volume": 121219.35, "trend": 13.068667, "fair_value": 11.296538, "relative_strength": 25.392061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.281923, "energy": 46.882248, "activity_lines": [ 16.087333, 15.692, 14.449286, 13.78929 ] }, { "date": "2024-01-19", "close": 15.87, "volume": 78518, "typical_volume": 123756.9, "trend": 13.181, "fair_value": 11.352115, "relative_strength": 22.102353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.056263, "energy": 41.972307, "activity_lines": [ 16.01, 15.788, 14.678952, 13.970022 ] }, { "date": "2024-01-26", "close": 15.99, "volume": 52391, "typical_volume": 120222.4, "trend": 13.329667, "fair_value": 11.408462, "relative_strength": 21.096253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.144808, "energy": 34.884341, "activity_lines": [ 15.971333, 15.879636, 14.902571, 14.151247 ] }, { "date": "2024-02-02", "close": 15.49, "volume": 61848, "typical_volume": 102823.1, "trend": 13.47, "fair_value": 11.462308, "relative_strength": 15.180445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.946113, "energy": 28.542868, "activity_lines": [ 15.766, 15.857273, 15.058381, 14.290624 ] }, { "date": "2024-02-09", "close": 15.82, "volume": 47770, "typical_volume": 99310.7, "trend": 13.602667, "fair_value": 11.516474, "relative_strength": 15.511412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.308939, "energy": 25.888823, "activity_lines": [ 15.786, 15.875273, 15.226476, 14.442237 ] }, { "date": "2024-02-16", "close": 15.94, "volume": 80231, "typical_volume": 99304.1, "trend": 13.728667, "fair_value": 11.571218, "relative_strength": 16.15974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.206682, "energy": 26.830863, "activity_lines": [ 15.82, 15.893818, 15.383905, 14.593032 ] }, { "date": "2024-02-23", "close": 16.17, "volume": 48816, "typical_volume": 97490.55, "trend": 13.864333, "fair_value": 11.629744, "relative_strength": 15.3422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.334402, "energy": 30.177922, "activity_lines": [ 15.936, 15.931636, 15.541143, 14.750538 ] }, { "date": "2024-03-01", "close": 16.22, "volume": 41931, "typical_volume": 95447.1, "trend": 13.971667, "fair_value": 11.685192, "relative_strength": 13.954541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.371362, "energy": 32.306872, "activity_lines": [ 16.048667, 15.972727, 15.68119, 14.902516 ] }, { "date": "2024-03-08", "close": 16.73, "volume": 83093, "typical_volume": 95404.75, "trend": 14.075333, "fair_value": 11.736218, "relative_strength": 16.93241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.850325, "energy": 35.954889, "activity_lines": [ 16.316, 16.102364, 15.845143, 15.080473 ] }, { "date": "2024-03-15", "close": 17.3, "volume": 110433, "typical_volume": 97191.95, "trend": 14.227, "fair_value": 11.7875, "relative_strength": 19.990115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.510813, "energy": 49.341553, "activity_lines": [ 16.690667, 16.344545, 16.036048, 15.288516 ] }, { "date": "2024-03-22", "close": 18.0, "volume": 113061, "typical_volume": 99419.25, "trend": 14.423333, "fair_value": 11.845897, "relative_strength": 21.202124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.669348, "energy": 63.216078, "activity_lines": [ 17.2, 16.68, 16.265524, 15.531935 ] }, { "date": "2024-03-29", "close": 18.0, "volume": 96679, "typical_volume": 102139.05, "trend": 14.616667, "fair_value": 11.903782, "relative_strength": 19.798174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.580302, "energy": 65.318484, "activity_lines": [ 17.572, 16.979455, 16.470524, 15.762688 ] }, { "date": "2024-04-05", "close": 16.82, "volume": 109547, "typical_volume": 102091.95, "trend": 14.785667, "fair_value": 11.954551, "relative_strength": 12.169262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.174719, "energy": 52.603967, "activity_lines": [ 17.428667, 17.025636, 16.546143, 15.904839 ] }, { "date": "2024-04-12", "close": 16.48, "volume": 149278, "typical_volume": 106423.9, "trend": 14.952667, "fair_value": 12.004615, "relative_strength": 10.77624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.580278, "energy": 36.492321, "activity_lines": [ 17.132, 16.994909, 16.579381, 16.014151 ] }, { "date": "2024-04-19", "close": 16.63, "volume": 72931, "typical_volume": 105121.95, "trend": 15.134333, "fair_value": 12.056667, "relative_strength": 14.458736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.321771, "energy": 23.095686, "activity_lines": [ 16.902, 16.973455, 16.617048, 16.122366 ] }, { "date": "2024-04-26", "close": 17.01, "volume": 82069, "typical_volume": 103648.55, "trend": 15.324667, "fair_value": 12.107628, "relative_strength": 13.223997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.066845, "energy": 16.906495, "activity_lines": [ 16.843333, 17.006364, 16.681476, 16.243376 ] }, { "date": "2024-05-03", "close": 17.33, "volume": 96945, "typical_volume": 90808.75, "trend": 15.517, "fair_value": 12.13859, "relative_strength": 13.797497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.034689, "energy": 19.029113, "activity_lines": [ 16.957333, 17.078, 16.765381, 16.372753 ] }, { "date": "2024-05-10", "close": 18.37, "volume": 129776, "typical_volume": 92283.35, "trend": 15.761333, "fair_value": 12.185833, "relative_strength": 17.402468, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.336128, "energy": 33.609919, "activity_lines": [ 17.462667, 17.317636, 16.941286, 16.556817 ] }, { "date": "2024-05-17", "close": 17.88, "volume": 69772, "typical_volume": 87000.0, "trend": 15.991, "fair_value": 12.231859, "relative_strength": 11.560327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.915841, "energy": 38.618563, "activity_lines": [ 17.701333, 17.429091, 17.05919, 16.693505 ] }, { "date": "2024-05-24", "close": 18.19, "volume": 105054, "typical_volume": 87120.15, "trend": 16.217333, "fair_value": 12.279295, "relative_strength": 12.59418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.200147, "energy": 49.624427, "activity_lines": [ 17.95, 17.576, 17.203476, 16.835376 ] }, { "date": "2024-05-31", "close": 18.5, "volume": 89130, "typical_volume": 85963.65, "trend": 16.405333, "fair_value": 12.329679, "relative_strength": 14.037984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.413463, "energy": 55.537126, "activity_lines": [ 18.198, 17.763091, 17.364143, 16.982645 ] }, { "date": "2024-06-07", "close": 18.49, "volume": 63345, "typical_volume": 85205.0, "trend": 16.540667, "fair_value": 12.36391, "relative_strength": 11.951062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.185102, "energy": 48.96739, "activity_lines": [ 18.343333, 17.939273, 17.512048, 17.11714 ] }, { "date": "2024-06-14", "close": 18.56, "volume": 89898, "typical_volume": 87080.35, "trend": 16.668667, "fair_value": 12.402372, "relative_strength": 10.052933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.715605, "energy": 44.418879, "activity_lines": [ 18.434667, 18.119273, 17.654143, 17.247419 ] }, { "date": "2024-06-21", "close": 18.31, "volume": 79119, "typical_volume": 87943.9, "trend": 16.798667, "fair_value": 12.439295, "relative_strength": 7.587279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.950059, "energy": 36.697409, "activity_lines": [ 18.43, 18.222182, 17.76019, 17.353312 ] }, { "date": "2024-06-28", "close": 17.93, "volume": 220725, "typical_volume": 96591.65, "trend": 16.908, "fair_value": 12.472885, "relative_strength": 4.986205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.33452, "energy": 31.277015, "activity_lines": [ 18.27, 18.222727, 17.816619, 17.426301 ] }, { "date": "2024-07-05", "close": 18.31, "volume": 115827, "typical_volume": 98371.45, "trend": 17.028333, "fair_value": 12.511026, "relative_strength": 4.752234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.049353, "energy": 26.174495, "activity_lines": [ 18.254, 18.268727, 17.89919, 17.516753 ] }, { "date": "2024-07-12", "close": 18.94, "volume": 100849, "typical_volume": 100973.1, "trend": 17.131333, "fair_value": 12.552372, "relative_strength": 6.858434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.136327, "energy": 33.604296, "activity_lines": [ 18.460667, 18.405636, 18.030476, 17.640086 ] }, { "date": "2024-07-19", "close": 18.99, "volume": 142023, "typical_volume": 105977.7, "trend": 17.231333, "fair_value": 12.590769, "relative_strength": 8.803339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.596803, "energy": 33.799585, "activity_lines": [ 18.654, 18.522364, 18.153333, 17.76 ] }, { "date": "2024-07-26", "close": 19.07, "volume": 128887, "typical_volume": 108267.4, "trend": 17.293, "fair_value": 12.631923, "relative_strength": 9.63284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.681741, "energy": 43.21887, "activity_lines": [ 18.845333, 18.642364, 18.270619, 17.878624 ] }, { "date": "2024-08-02", "close": 18.63, "volume": 273851, "typical_volume": 116438.3, "trend": 17.399667, "fair_value": 12.666346, "relative_strength": 9.064496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.099027, "energy": 35.838047, "activity_lines": [ 18.839333, 18.660727, 18.334857, 17.964882 ] }, { "date": "2024-08-09", "close": 18.33, "volume": 187195, "typical_volume": 120145.0, "trend": 17.476667, "fair_value": 12.700897, "relative_strength": 7.071764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.288093, "energy": 28.453972, "activity_lines": [ 18.686667, 18.616545, 18.36419, 18.024903 ] }, { "date": "2024-08-16", "close": 18.0, "volume": 192046, "typical_volume": 124913.35, "trend": 17.547667, "fair_value": 12.733269, "relative_strength": 0.927681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.928772, "energy": 16.292743, "activity_lines": [ 18.422667, 18.515455, 18.360524, 18.058667 ] }, { "date": "2024-08-23", "close": 18.37, "volume": 234668, "typical_volume": 131169.4, "trend": 17.627, "fair_value": 12.766346, "relative_strength": 1.280793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.868859, "energy": 15.002556, "activity_lines": [ 18.344667, 18.490545, 18.392095, 18.11172 ] }, { "date": "2024-08-30", "close": 18.77, "volume": 367259, "typical_volume": 142068.45, "trend": 17.736333, "fair_value": 12.806026, "relative_strength": 2.841223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.019211, "energy": 16.040437, "activity_lines": [ 18.441333, 18.541818, 18.454381, 18.185462 ] }, { "date": "2024-09-06", "close": 19.26, "volume": 218859, "typical_volume": 149364.85, "trend": 17.851, "fair_value": 12.845833, "relative_strength": 9.501357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.69981, "energy": 26.278755, "activity_lines": [ 18.721333, 18.673818, 18.552429, 18.283763 ] }, { "date": "2024-09-13", "close": 19.52, "volume": 278144, "typical_volume": 159168.6, "trend": 17.970333, "fair_value": 12.896282, "relative_strength": 6.165453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.660119, "energy": 47.418686, "activity_lines": [ 19.046, 18.828909, 18.662714, 18.391441 ] }, { "date": "2024-09-20", "close": 19.56, "volume": 399422, "typical_volume": 174292.45, "trend": 18.083333, "fair_value": 12.936859, "relative_strength": 4.397379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.411678, "energy": 57.380222, "activity_lines": [ 19.304667, 18.969273, 18.764857, 18.494 ] }, { "date": "2024-09-27", "close": 19.55, "volume": 154129, "typical_volume": 175510.1, "trend": 18.194333, "fair_value": 12.977308, "relative_strength": 3.309121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.717025, "energy": 60.609711, "activity_lines": [ 19.456, 19.096545, 18.855429, 18.588624 ] }, { "date": "2024-10-04", "close": 19.53, "volume": 150386, "typical_volume": 179540.8, "trend": 18.287667, "fair_value": 13.019551, "relative_strength": 2.52613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.183095, "energy": 55.969736, "activity_lines": [ 19.522, 19.21, 18.938476, 18.674796 ] }, { "date": "2024-10-11", "close": 19.35, "volume": 100295, "typical_volume": 179302.85, "trend": 18.356, "fair_value": 13.063654, "relative_strength": -0.006731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.275456, "energy": 42.934834, "activity_lines": [ 19.477333, 19.282364, 18.996524, 18.743333 ] }, { "date": "2024-10-18", "close": 19.59, "volume": 133983, "typical_volume": 181545.5, "trend": 18.409, "fair_value": 13.110641, "relative_strength": -0.040792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.127837, "energy": 39.826008, "activity_lines": [ 19.506667, 19.385273, 19.071905, 18.822946 ] }, { "date": "2024-10-25", "close": 19.22, "volume": 141971, "typical_volume": 185476.8, "trend": 18.449667, "fair_value": 13.151474, "relative_strength": -1.275168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.053554, "energy": 30.150699, "activity_lines": [ 19.408, 19.398, 19.106857, 18.875269 ] }, { "date": "2024-11-01", "close": 19.05, "volume": 193670, "typical_volume": 190665.4, "trend": 18.524, "fair_value": 13.190256, "relative_strength": -0.968686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.771695, "energy": 23.087242, "activity_lines": [ 19.275333, 19.357636, 19.122143, 18.914 ] }, { "date": "2024-11-08", "close": 19.82, "volume": 230245, "typical_volume": 198221.7, "trend": 18.635333, "fair_value": 13.234231, "relative_strength": -1.638831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.266603, "energy": 31.017893, "activity_lines": [ 19.432667, 19.444909, 19.208429, 18.997613 ] }, { "date": "2024-11-15", "close": 19.95, "volume": 280939, "typical_volume": 201232.4, "trend": 18.746, "fair_value": 13.278782, "relative_strength": 1.053475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.381634, "energy": 36.686292, "activity_lines": [ 19.614, 19.536727, 19.299905, 19.08243 ] }, { "date": "2024-11-22", "close": 20.37, "volume": 138008, "typical_volume": 202341.45, "trend": 18.858, "fair_value": 13.327372, "relative_strength": 1.36681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.481837, "energy": 61.31573, "activity_lines": [ 19.895333, 19.692364, 19.421762, 19.187204 ] }, { "date": "2024-11-29", "close": 20.46, "volume": 82294, "typical_volume": 201413.7, "trend": 18.962333, "fair_value": 13.37641, "relative_strength": 0.532708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.48956, "energy": 71.525227, "activity_lines": [ 20.154667, 19.848909, 19.542381, 19.290559 ] }, { "date": "2024-12-06", "close": 20.63, "volume": 111458, "typical_volume": 199885.45, "trend": 19.037667, "fair_value": 13.422885, "relative_strength": 0.401277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.917821, "energy": 77.594078, "activity_lines": [ 20.388, 20.02, 19.671952, 19.398151 ] }, { "date": "2024-12-13", "close": 20.51, "volume": 236914, "typical_volume": 205286.8, "trend": 19.125333, "fair_value": 13.471026, "relative_strength": 0.42033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.874931, "energy": 74.567585, "activity_lines": [ 20.476, 20.149636, 19.782286, 19.49314 ] }, { "date": "2024-12-20", "close": 20.23, "volume": 676915, "typical_volume": 225440.0, "trend": 19.193333, "fair_value": 13.515321, "relative_strength": 0.900464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.347425, "energy": 60.821971, "activity_lines": [ 20.424667, 20.210545, 19.859095, 19.564409 ] }, { "date": "2024-12-27", "close": 19.7, "volume": 253642, "typical_volume": 228762.35, "trend": 19.233333, "fair_value": 13.553782, "relative_strength": -2.181601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.0549, "energy": 36.050303, "activity_lines": [ 20.178, 20.159091, 19.87781, 19.597097 ] }, { "date": "2025-01-03", "close": 19.11, "volume": 319696, "typical_volume": 235144.85, "trend": 19.254, "fair_value": 13.589551, "relative_strength": -4.560199, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.928553, "energy": 14.124927, "activity_lines": [ 19.779333, 19.998364, 19.83381, 19.58914 ] }, { "date": "2025-01-10", "close": 18.71, "volume": 236842, "typical_volume": 235253.55, "trend": 19.259, "fair_value": 13.622244, "relative_strength": -4.615183, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.045823, "energy": 18.923417, "activity_lines": [ 19.337333, 19.766909, 19.746429, 19.554043 ] }, { "date": "2025-01-17", "close": 18.93, "volume": 187516, "typical_volume": 226266.4, "trend": 19.279667, "fair_value": 13.66109, "relative_strength": -6.165995, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.872848, "energy": 32.919199, "activity_lines": [ 19.096667, 19.581636, 19.678381, 19.532817 ] }, { "date": "2025-01-24", "close": 18.41, "volume": 179803, "typical_volume": 224313.6, "trend": 19.295667, "fair_value": 13.693013, "relative_strength": -10.152372, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.405217, "energy": 57.708038, "activity_lines": [ 18.788, 19.318, 19.560048, 19.47671 ] }, { "date": "2025-01-31", "close": 18.54, "volume": 171502, "typical_volume": 218981.5, "trend": 19.303333, "fair_value": 13.731731, "relative_strength": -8.544801, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.438407, "energy": 59.938871, "activity_lines": [ 18.644, 19.106, 19.458143, 19.427957 ] }, { "date": "2025-02-07", "close": 18.62, "volume": 259134, "typical_volume": 211967.1, "trend": 19.292667, "fair_value": 13.771987, "relative_strength": -7.938385, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.601889, "energy": 60.306812, "activity_lines": [ 18.604, 18.941818, 19.368524, 19.383871 ] }, { "date": "2025-02-14", "close": 18.56, "volume": 144662, "typical_volume": 211493.75, "trend": 19.278333, "fair_value": 13.810833, "relative_strength": -9.48192, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.347708, "energy": 57.76282, "activity_lines": [ 18.576667, 18.800182, 19.277667, 19.336602 ] }, { "date": "2025-02-21", "close": 18.46, "volume": 170338, "typical_volume": 212491.35, "trend": 19.258, "fair_value": 13.846218, "relative_strength": -8.427566, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.427787, "energy": 46.094512, "activity_lines": [ 18.526, 18.678, 19.182, 19.283806 ] }, { "date": "2025-02-28", "close": 18.84, "volume": 148208, "typical_volume": 214887.0, "trend": 19.265, "fair_value": 13.892372, "relative_strength": -5.61901, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.328434, "energy": 40.900456, "activity_lines": [ 18.633333, 18.662182, 19.127619, 19.256839 ] }, { "date": "2025-03-07", "close": 20.48, "volume": 413881, "typical_volume": 228881.9, "trend": 19.336667, "fair_value": 13.951731, "relative_strength": 5.701549, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -5.891433, "energy": 11.376384, "activity_lines": [ 19.258667, 18.969818, 19.231857, 19.335226 ] }, { "date": "2025-03-14", "close": 19.3, "volume": 750907, "typical_volume": 259328.7, "trend": 19.38, "fair_value": 14.003333, "relative_strength": 1.92981, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.760364, "energy": 21.010963, "activity_lines": [ 19.361333, 19.048727, 19.219476, 19.33286 ] }, { "date": "2025-03-21", "close": 18.8, "volume": 1267552, "typical_volume": 313022.8, "trend": 19.394333, "fair_value": 14.056282, "relative_strength": -1.121473, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.619477, "energy": 23.537562, "activity_lines": [ 19.252, 19.033273, 19.159095, 19.295441 ] }, { "date": "2025-03-28", "close": 18.55, "volume": 943639, "typical_volume": 348692.5, "trend": 19.387, "fair_value": 14.107885, "relative_strength": -0.892668, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.509885, "energy": 23.041637, "activity_lines": [ 19.043333, 18.970727, 19.076095, 19.240968 ] }, { "date": "2025-04-04", "close": 17.95, "volume": 813611, "typical_volume": 375326.1, "trend": 19.343333, "fair_value": 14.154615, "relative_strength": 5.303332, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.24062, "energy": 44.578217, "activity_lines": [ 18.628667, 18.806, 18.942, 19.148258 ] }, { "date": "2025-04-11", "close": 16.79, "volume": 713337, "typical_volume": 404092.55, "trend": 19.252333, "fair_value": 14.198782, "relative_strength": -6.72374, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.958926, "energy": 75.46185, "activity_lines": [ 17.886667, 18.438727, 18.706952, 18.983527 ] }, { "date": "2025-04-18", "close": 17.44, "volume": 302094, "typical_volume": 415082.55, "trend": 19.181667, "fair_value": 14.244936, "relative_strength": -1.677336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.20628, "energy": 74.053285, "activity_lines": [ 17.607333, 18.221455, 18.550857, 18.866602 ] }, { "date": "2025-04-25", "close": 17.77, "volume": 259052, "typical_volume": 422462.25, "trend": 19.122333, "fair_value": 14.290256, "relative_strength": -4.13661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.797902, "energy": 71.408802, "activity_lines": [ 17.562, 18.085636, 18.440571, 18.775527 ] }, { "date": "2025-05-02", "close": 17.12, "volume": 607617, "typical_volume": 440997.4, "trend": 19.042, "fair_value": 14.328397, "relative_strength": -10.058411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.155231, "energy": 67.684747, "activity_lines": [ 17.368667, 17.846, 18.282, 18.646344 ] }, { "date": "2025-05-09", "close": 16.3, "volume": 559488, "typical_volume": 435126.05, "trend": 18.940333, "fair_value": 14.363526, "relative_strength": -13.661273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.40756, "energy": 58.651546, "activity_lines": [ 16.997333, 17.481636, 18.061476, 18.469441 ] }, { "date": "2025-05-16", "close": 16.67, "volume": 841864, "typical_volume": 464537.15, "trend": 18.843, "fair_value": 14.407564, "relative_strength": -15.841366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.427073, "energy": 49.350665, "activity_lines": [ 16.859333, 17.230727, 17.894905, 18.322968 ] }, { "date": "2025-05-23", "close": 16.48, "volume": 458427, "typical_volume": 471473.7, "trend": 18.751667, "fair_value": 14.443718, "relative_strength": -14.319474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.078489, "energy": 52.192593, "activity_lines": [ 16.666, 17.014545, 17.724667, 18.170516 ] }, { "date": "2025-05-30", "close": 16.75, "volume": 707357, "typical_volume": 494999.45, "trend": 18.675, "fair_value": 14.48109, "relative_strength": -14.081135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.153624, "energy": 47.982517, "activity_lines": [ 16.626667, 16.898727, 17.592667, 18.041376 ] }, { "date": "2025-06-06", "close": 17.1, "volume": 1242537, "typical_volume": 547750.5, "trend": 18.584333, "fair_value": 14.521282, "relative_strength": -13.384711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.141068, "energy": 41.900867, "activity_lines": [ 16.772, 16.883818, 17.503333, 17.939763 ] }, { "date": "2025-06-13", "close": 19.22, "volume": 1460048, "typical_volume": 611762.75, "trend": 18.56, "fair_value": 14.569872, "relative_strength": -2.158479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.245527, "energy": 11.313836, "activity_lines": [ 17.625333, 17.280727, 17.624619, 17.980774 ] }, { "date": "2025-06-20", "close": 18.61, "volume": 572396, "typical_volume": 631807.45, "trend": 18.501333, "fair_value": 14.616923, "relative_strength": -4.960202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.62668, "energy": 18.742548, "activity_lines": [ 18.080667, 17.543636, 17.683952, 17.984 ] }, { "date": "2025-06-27", "close": 18.81, "volume": 939643, "typical_volume": 665832.9, "trend": 18.446333, "fair_value": 14.665, "relative_strength": -7.011533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 21.645567, "energy": 29.44226, "activity_lines": [ 18.473333, 17.809818, 17.762, 18.003914 ] }, { "date": "2025-07-04", "close": 18.64, "volume": 433600, "typical_volume": 680279.8, "trend": 18.38, "fair_value": 14.716218, "relative_strength": -9.196991, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.369294, "energy": 32.118318, "activity_lines": [ 18.654, 18.020182, 17.822952, 18.016409 ] }, { "date": "2025-07-11", "close": 18.05, "volume": 463163, "typical_volume": 694921.05, "trend": 18.298, "fair_value": 14.764679, "relative_strength": -11.554078, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.862759, "energy": 28.067202, "activity_lines": [ 18.512, 18.107455, 17.827333, 17.995118 ] }, { "date": "2025-07-18", "close": 17.46, "volume": 437430, "typical_volume": 709382.15, "trend": 18.205667, "fair_value": 14.811667, "relative_strength": -14.623753, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -16.622434, "energy": 13.299455, "activity_lines": [ 18.11, 18.070545, 17.777476, 17.941054 ] }, { "date": "2025-07-25", "close": 17.5, "volume": 295917, "typical_volume": 703483.95, "trend": 18.132333, "fair_value": 14.848013, "relative_strength": -15.307299, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.853566, "energy": 18.364847, "activity_lines": [ 17.838667, 18.019818, 17.738, 17.895527 ] }, { "date": "2025-08-01", "close": 16.35, "volume": 351325, "typical_volume": 683504.85, "trend": 18.040333, "fair_value": 14.878205, "relative_strength": -18.475693, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.471814, "energy": 41.296921, "activity_lines": [ 17.258, 17.744909, 17.60319, 17.780538 ] }, { "date": "2025-08-08", "close": 17.58, "volume": 431153, "typical_volume": 641684.9, "trend": 18.002667, "fair_value": 14.912051, "relative_strength": -14.099376, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.640341, "energy": 33.645085, "activity_lines": [ 17.251333, 17.696, 17.599571, 17.750839 ] }, { "date": "2025-08-15", "close": 18.98, "volume": 589526, "typical_volume": 623979.25, "trend": 18.004333, "fair_value": 14.955513, "relative_strength": -7.974721, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -10.282194, "energy": 9.768881, "activity_lines": [ 17.782, 17.886545, 17.735095, 17.813892 ] }, { "date": "2025-08-22", "close": 19.19, "volume": 619299, "typical_volume": 614263.65, "trend": 18.030333, "fair_value": 15.003397, "relative_strength": -7.039449, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.644947, "energy": 21.87886, "activity_lines": [ 18.320667, 18.081091, 17.888571, 17.890387 ] }, { "date": "2025-08-29", "close": 19.08, "volume": 546228, "typical_volume": 605908.2, "trend": 18.048333, "fair_value": 15.051538, "relative_strength": -7.304713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.970079, "energy": 40.354557, "activity_lines": [ 18.707333, 18.256182, 18.025667, 17.958108 ] }, { "date": "2025-09-05", "close": 19.14, "volume": 320237, "typical_volume": 606815.35, "trend": 18.065667, "fair_value": 15.095897, "relative_strength": -6.962611, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.113092, "energy": 53.376653, "activity_lines": [ 19.008667, 18.433636, 18.157571, 18.028538 ] }, { "date": "2025-09-12", "close": 18.72, "volume": 507497, "typical_volume": 619237.6, "trend": 18.071, "fair_value": 15.132564, "relative_strength": -10.04785, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.238219, "energy": 56.265808, "activity_lines": [ 18.984, 18.528727, 18.241381, 18.070753 ] }, { "date": "2025-09-19", "close": 18.48, "volume": 737742, "typical_volume": 625743.85, "trend": 18.071667, "fair_value": 15.178077, "relative_strength": -11.91139, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.973256, "energy": 52.784282, "activity_lines": [ 18.803333, 18.578727, 18.29781, 18.09714 ] }, { "date": "2025-09-26", "close": 18.49, "volume": 489441, "typical_volume": 622241.5, "trend": 18.06, "fair_value": 15.227115, "relative_strength": -11.25235, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.677217, "energy": 29.825088, "activity_lines": [ 18.659333, 18.622727, 18.348714, 18.124129 ] }, { "date": "2025-10-03", "close": 18.02, "volume": 354210, "typical_volume": 597858.8, "trend": 17.978, "fair_value": 15.273077, "relative_strength": -14.065945, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.689081, "energy": 16.532092, "activity_lines": [ 18.405333, 18.562545, 18.344429, 18.121548 ] }, { "date": "2025-10-10", "close": 18.17, "volume": 475111, "typical_volume": 598693.0, "trend": 17.940333, "fair_value": 15.322692, "relative_strength": -10.876049, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.914153, "energy": 18.59207, "activity_lines": [ 18.272, 18.520182, 18.348, 18.133935 ] }, { "date": "2025-10-17", "close": 17.96, "volume": 367366, "typical_volume": 581693.45, "trend": 17.912333, "fair_value": 15.373718, "relative_strength": -13.044963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.882203, "energy": 15.727855, "activity_lines": [ 18.133333, 18.406545, 18.323524, 18.135204 ] }, { "date": "2025-10-24", "close": 18.73, "volume": 272761, "typical_volume": 533204.65, "trend": 17.918333, "fair_value": 15.429679, "relative_strength": -10.710851, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.792499, "energy": 18.345237, "activity_lines": [ 18.302, 18.426, 18.366619, 18.187957 ] }, { "date": "2025-10-31", "close": 18.62, "volume": 260144, "typical_volume": 473209.45, "trend": 17.940667, "fair_value": 15.490577, "relative_strength": -11.50604, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.229752, "energy": 14.821986, "activity_lines": [ 18.417333, 18.43, 18.391476, 18.233226 ] }, { "date": "2025-11-07", "close": 18.91, "volume": 317557, "typical_volume": 460467.5, "trend": 18.011333, "fair_value": 15.54609, "relative_strength": -8.336557, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.882255, "energy": 27.723631, "activity_lines": [ 18.620667, 18.497091, 18.44681, 18.295763 ] }, { "date": "2025-11-14", "close": 18.36, "volume": 258373, "typical_volume": 426404.0, "trend": 18.042, "fair_value": 15.600128, "relative_strength": -10.7307, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.02617, "energy": 28.85414, "activity_lines": [ 18.581333, 18.467273, 18.448333, 18.318258 ] }, { "date": "2025-11-21", "close": 18.35, "volume": 328355, "typical_volume": 421141.75, "trend": 18.061333, "fair_value": 15.652692, "relative_strength": -8.643964, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.336657, "energy": 19.235474, "activity_lines": [ 18.526, 18.449818, 18.451048, 18.338129 ] }, { "date": "2025-11-28", "close": 19.33, "volume": 212464, "typical_volume": 408606.8, "trend": 18.135, "fair_value": 15.711603, "relative_strength": -6.837907, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.157343, "energy": 41.120853, "activity_lines": [ 18.771333, 18.617273, 18.548476, 18.419978 ] }, { "date": "2025-12-05", "close": 18.85, "volume": 276110, "typical_volume": 400540.8, "trend": 18.22, "fair_value": 15.770385, "relative_strength": -9.060779, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.567597, "energy": 26.908965, "activity_lines": [ 18.816667, 18.682, 18.594095, 18.466108 ] }, { "date": "2025-12-12", "close": 19.59, "volume": 319105, "typical_volume": 401700.2, "trend": 18.317333, "fair_value": 15.834103, "relative_strength": -4.604792, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.362719, "energy": 47.955447, "activity_lines": [ 19.093333, 18.874727, 18.703571, 18.554495 ] }, { "date": "2025-12-19", "close": 19.53, "volume": 703991, "typical_volume": 419333.5, "trend": 18.419, "fair_value": 15.898077, "relative_strength": -4.651973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.46349, "energy": 56.849811, "activity_lines": [ 19.304667, 19.028, 18.797381, 18.632731 ] }, { "date": "2025-12-26", "close": 19.52, "volume": 186960, "typical_volume": 407123.85, "trend": 18.511333, "fair_value": 15.961346, "relative_strength": -5.728272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.733006, "energy": 54.280837, "activity_lines": [ 19.434667, 19.154727, 18.875095, 18.703763 ] }, { "date": "2026-01-02", "close": 19.54, "volume": 700524, "typical_volume": 412673.75, "trend": 18.592667, "fair_value": 16.022372, "relative_strength": -4.396611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.884822, "energy": 49.863321, "activity_lines": [ 19.493333, 19.256727, 18.945476, 18.770129 ] }, { "date": "2026-01-09", "close": 18.62, "volume": 579892, "typical_volume": 410703.4, "trend": 18.572667, "fair_value": 16.077628, "relative_strength": -9.994114, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.278748, "energy": 25.603348, "activity_lines": [ 19.231333, 19.176727, 18.925571, 18.771892 ] }, { "date": "2026-01-16", "close": 19.45, "volume": 737364, "typical_volume": 420260.2, "trend": 18.600667, "fair_value": 16.138205, "relative_strength": -5.414738, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.90885, "energy": 24.936579, "activity_lines": [ 19.261333, 19.247636, 18.987429, 18.828495 ] }, { "date": "2026-01-23", "close": 19.39, "volume": 519248, "typical_volume": 430210.75, "trend": 18.62, "fair_value": 16.198397, "relative_strength": -5.220631, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.107586, "energy": 19.307691, "activity_lines": [ 19.280667, 19.297818, 19.04181, 18.879419 ] }, { "date": "2026-01-30", "close": 20.29, "volume": 553292, "typical_volume": 432500.5, "trend": 18.675, "fair_value": 16.262244, "relative_strength": -1.095865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.508765, "energy": 31.163992, "activity_lines": [ 19.609333, 19.492909, 19.180714, 18.987161 ] }, { "date": "2026-02-06", "close": 20.49, "volume": 851637, "typical_volume": 438195.25, "trend": 18.756333, "fair_value": 16.328526, "relative_strength": 0.183941, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.619712, "energy": 50.578264, "activity_lines": [ 19.953333, 19.689091, 19.33119, 19.104258 ] }, { "date": "2026-02-13", "close": 19.76, "volume": 513524, "typical_volume": 439399.4, "trend": 18.833, "fair_value": 16.392692, "relative_strength": -2.012922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.743115, "energy": 46.360787, "activity_lines": [ 19.990667, 19.731455, 19.402571, 19.169011 ] }, { "date": "2026-02-20", "close": 19.02, "volume": 397833, "typical_volume": 441580.55, "trend": 18.883667, "fair_value": 16.452244, "relative_strength": -6.517872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.845466, "energy": 29.820835, "activity_lines": [ 19.705333, 19.622727, 19.397429, 19.181075 ] }, { "date": "2026-02-27", "close": 18.59, "volume": 620119, "typical_volume": 448830.95, "trend": 18.958333, "fair_value": 16.510513, "relative_strength": -7.874194, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.09188, "energy": 8.835059, "activity_lines": [ 19.305333, 19.446182, 19.346571, 19.162129 ] }, { "date": "2026-03-06", "close": 17.99, "volume": 393952, "typical_volume": 450160.25, "trend": 18.972, "fair_value": 16.572179, "relative_strength": -8.491362, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.530062, "energy": 22.301796, "activity_lines": [ 18.758667, 19.177636, 19.236571, 19.099656 ] }, { "date": "2026-03-13", "close": 17.41, "volume": 940208, "typical_volume": 483532.6, "trend": 18.919667, "fair_value": 16.63, "relative_strength": -9.592569, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.383949, "energy": 36.456524, "activity_lines": [ 18.172, 18.831455, 19.07119, 18.998882 ] }, { "date": "2026-03-20", "close": 17.26, "volume": 733967, "typical_volume": 507223.75, "trend": 18.855333, "fair_value": 16.682115, "relative_strength": -8.298668, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.453248, "energy": 53.737451, "activity_lines": [ 17.740667, 18.496727, 18.89781, 18.891806 ] }, { "date": "2026-03-27", "close": 17.81, "volume": 515318, "typical_volume": 517111.8, "trend": 18.813, "fair_value": 16.738397, "relative_strength": -2.850135, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.616818, "energy": 55.084454, "activity_lines": [ 17.659333, 18.286727, 18.783286, 18.824366 ] }, { "date": "2026-04-03", "close": 18.24, "volume": 424327, "typical_volume": 525409.5, "trend": 18.783, "fair_value": 16.798205, "relative_strength": -3.280321, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.215263, "energy": 48.379842, "activity_lines": [ 17.802, 18.184727, 18.714952, 18.787398 ] }, { "date": "2026-04-10", "close": 19.14, "volume": 558727, "typical_volume": 536928.1, "trend": 18.797, "fair_value": 16.86359, "relative_strength": -1.798778, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.085644, "energy": 12.646627, "activity_lines": [ 18.268, 18.267273, 18.732905, 18.81043 ] }, { "date": "2026-04-17", "close": 19.9, "volume": 480240, "typical_volume": 550316.9, "trend": 18.844333, "fair_value": 16.93359, "relative_strength": -1.949777, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.468109, "energy": 17.082688, "activity_lines": [ 18.910667, 18.508909, 18.819476, 18.881591 ] }, { "date": "2026-04-24", "close": 19.47, "volume": 252859, "typical_volume": 549154.35, "trend": 18.877, "fair_value": 16.999936, "relative_strength": -4.232979, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.6159, "energy": 22.179804, "activity_lines": [ 19.244, 18.683091, 18.862381, 18.921957 ] }, { "date": "2026-05-01", "close": 19.42, "volume": 186596, "typical_volume": 542528.9, "trend": 18.923667, "fair_value": 17.066795, "relative_strength": -5.137344, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.284764, "energy": 25.754511, "activity_lines": [ 19.413333, 18.853455, 18.897571, 18.956989 ] }, { "date": "2026-05-08", "close": 18.24, "volume": 494823, "typical_volume": 532070.5, "trend": 18.926, "fair_value": 17.126731, "relative_strength": -12.686051, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -10.467357, "energy": 15.416941, "activity_lines": [ 19.082, 18.802, 18.82119, 18.912882 ] }, { "date": "2026-05-15", "close": 16.97, "volume": 523791, "typical_volume": 548912.05, "trend": 18.893, "fair_value": 17.177756, "relative_strength": -18.636478, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.994396, "energy": 31.923308, "activity_lines": [ 18.327333, 18.526, 18.63, 18.786688 ] }, { "date": "2026-05-22", "close": 17.17, "volume": 390024, "typical_volume": 533387.05, "trend": 18.841, "fair_value": 17.230128, "relative_strength": -18.070446, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.183157, "energy": 53.383806, "activity_lines": [ 17.784, 18.304909, 18.47, 18.675527 ] }, { "date": "2026-05-29", "close": 17.5, "volume": 262852, "typical_volume": 517535.05, "trend": 18.803667, "fair_value": 17.282244, "relative_strength": -17.375119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.343221, "energy": 59.215754, "activity_lines": [ 17.532667, 18.148182, 18.352714, 18.589011 ] }, { "date": "2026-06-05", "close": 17.46, "volume": 428222, "typical_volume": 502077.95, "trend": 18.755333, "fair_value": 17.323718, "relative_strength": -15.145368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.832972, "energy": 65.342735, "activity_lines": [ 17.399333, 17.979818, 18.236952, 18.502323 ] }, { "date": "2026-06-12", "close": 17.56, "volume": 365686, "typical_volume": 494399.85, "trend": 18.728667, "fair_value": 17.361603, "relative_strength": -14.619389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.17306, "energy": 61.298762, "activity_lines": [ 17.43, 17.836, 18.14019, 18.425204 ] }, { "date": "2026-06-19", "close": 17.54, "volume": 343917, "typical_volume": 483931.1, "trend": 18.701667, "fair_value": 17.39391, "relative_strength": -15.02147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.784664, "energy": 42.694185, "activity_lines": [ 17.499333, 17.700909, 18.050238, 18.348516 ] }, { "date": "2026-06-26", "close": 18.22, "volume": 637883, "typical_volume": 473243.4, "trend": 18.664667, "fair_value": 17.436795, "relative_strength": -9.202752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.719374, "energy": 25.098315, "activity_lines": [ 17.757333, 17.718545, 18.038143, 18.317441 ] }, { "date": "2026-07-03", "close": 18.57, "volume": 465453, "typical_volume": 470839.85, "trend": 18.655333, "fair_value": 17.483526, "relative_strength": -9.090032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.5688, "energy": 13.95359, "activity_lines": [ 18.062, 17.830364, 18.07019, 18.311333 ] }, { "date": "2026-07-10", "close": 17.27, "volume": 382356, "typical_volume": 470066.0, "trend": 18.578, "fair_value": 17.518333, "relative_strength": -16.217868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.29761, "energy": 19.29842, "activity_lines": [ 17.862, 17.722182, 17.984095, 18.221957 ] }, { "date": "2026-07-17", "close": 17.5, "volume": 497882, "typical_volume": 463954.15, "trend": 18.510333, "fair_value": 17.552564, "relative_strength": -13.490923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.370718, "energy": 17.844521, "activity_lines": [ 17.751333, 17.694909, 17.928238, 18.152409 ] }, { "date": "2026-07-24", "close": 17.41, "volume": 638597, "typical_volume": 476186.4, "trend": 18.44, "fair_value": 17.586603, "relative_strength": -13.169662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.509416, "energy": 26.68169, "activity_lines": [ 17.614667, 17.664727, 17.869, 18.081419 ] }, { "date": "2026-07-31", "close": 17.54, "volume": 435455, "typical_volume": 450948.75, "trend": 18.373333, "fair_value": 17.615705, "relative_strength": -13.278745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.794873, "energy": 31.610303, "activity_lines": [ 17.53, 17.650182, 17.824905, 18.023355 ] }, { "date": "2026-08-07", "close": 18.46, "volume": 561900, "typical_volume": 442345.4, "trend": 18.368, "fair_value": 17.646731, "relative_strength": -11.573444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.686439, "energy": 12.220703, "activity_lines": [ 17.797333, 17.796182, 17.86781, 18.028946 ] } ], "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." } } }