{ "ticker": { "uuid": "01af0885-a188-4b71-83e3-1d8f14e8755b", "symbol": "605116", "name": "Aurisco Pharmaceutical Co.,Ltd.", "exchange": "SHH", "country": "CN", "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": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -46.936, "architecture_energy": 40.427, "architecture_maturity": 64.073, "architecture_confidence": 67.874, "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": 31.23, "rotation_up": 26.5, "upward_expansion": 12.92, "deceleration": 65.11, "rotation_down": 40.07, "downward_expansion": 69.58 }, "activity_lines": [ 19.741333, 19.730775, 20.393229, 21.771453 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 20.549999, "trend_reference": 23.948325, "distance_from_trend": -0.141902, "trend_direction": "Weakening", "fair_value": 22.527391, "distance_from_fair_value": -0.087777, "fair_value_direction": "Weakening", "relative_strength": -12.11812, "relative_strength_direction": "Improving", "price_momentum": -0.283723, "excess_performance": -0.240519, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.141902, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.045576, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.087777, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.069209, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.121181, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.020408, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.283723, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.284013, "read": "Supply-led" } ], "volume": { "latest": 17682080, "relative_activity": 0.819004, "balance": 0.284013, "dry_up": 0.868354, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.078303, "annualized_volatility": 0.375906, "from_high_reference": -0.422428, "from_low_reference": 0.118063 }, "levels": { "trend_reference": 23.948325, "fair_value_reference": 22.527391, "structural_low": 18.379999, "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": 13, "median_return": 0.014888, "positive_rate": 0.615385, "directional_follow_through": 0.384615, "median_excess_return": 0.008628, "regime_survival": 0.769231, "best_return": 0.120207, "worst_return": -0.142797, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.048307, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.0403, "regime_survival": 0.4, "best_return": 0.142536, "worst_return": -0.120253, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.005142, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.016209, "regime_survival": 0.0, "best_return": 0.103266, "worst_return": -0.012664, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.061015, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.012553, "regime_survival": 0.0, "best_return": 0.077478, "worst_return": 0.044551, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-12", "end": "2024-07-19", "tenure": "New", "return": -0.027533, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-08-23", "tenure": "Developing", "return": -0.009778, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-13", "tenure": "New", "return": -0.008945, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-20", "end": "2024-10-04", "tenure": "New", "return": 0.193261, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-22", "tenure": "Developing", "return": -0.06175, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-04-04", "tenure": "Established", "return": 0.009381, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.00096, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-07-11", "tenure": "Developing", "return": 0.028493, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-12", "tenure": "Developing", "return": 0.00655, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2026-01-02", "tenure": "Established", "return": 0.104497, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-02-27", "tenure": "Developing", "return": -0.135223, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-05-01", "tenure": "Developing", "return": -0.129267, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.132925, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.104089, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 23.043556, "volume": 2626056, "typical_volume": 4017590.55, "trend": 25.067707, "fair_value": 19.655233, "relative_strength": -8.573206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.138888, "energy": 70.200634, "activity_lines": [ 23.180906, 23.735572, 24.35708, 24.730423 ] }, { "date": "2023-08-04", "close": 21.188354, "volume": 4862438, "typical_volume": 4058957.75, "trend": 24.975262, "fair_value": 19.665662, "relative_strength": -16.189377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.173021, "energy": 83.811613, "activity_lines": [ 22.405627, 23.196232, 24.00894, 24.480142 ] }, { "date": "2023-08-11", "close": 22.301476, "volume": 11349056, "typical_volume": 4408535.55, "trend": 24.921863, "fair_value": 19.683472, "relative_strength": -8.994333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.041203, "energy": 72.397442, "activity_lines": [ 22.234428, 22.939167, 23.786626, 24.30764 ] }, { "date": "2023-08-18", "close": 20.202168, "volume": 8166880, "typical_volume": 4588291.25, "trend": 24.72214, "fair_value": 19.686953, "relative_strength": -15.834692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.174775, "energy": 81.326678, "activity_lines": [ 21.488441, 22.344793, 23.380094, 24.003143 ] }, { "date": "2023-08-25", "close": 19.753014, "volume": 3787029, "typical_volume": 4518768.0, "trend": 24.50227, "fair_value": 19.687393, "relative_strength": -15.743644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.905746, "energy": 86.236928, "activity_lines": [ 20.793229, 21.745802, 22.957145, 23.682555 ] }, { "date": "2023-09-01", "close": 21.100477, "volume": 5480786, "typical_volume": 4467397.3, "trend": 24.349636, "fair_value": 19.696751, "relative_strength": -11.95282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.074426, "energy": 66.323174, "activity_lines": [ 20.727483, 21.479151, 22.696571, 23.463084 ] }, { "date": "2023-09-08", "close": 20.856371, "volume": 3455400, "typical_volume": 4385061.9, "trend": 24.176897, "fair_value": 19.70438, "relative_strength": -12.424945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.547679, "energy": 65.807915, "activity_lines": [ 20.709908, 21.232737, 22.440191, 23.237712 ] }, { "date": "2023-09-15", "close": 21.207882, "volume": 4553500, "typical_volume": 4381339.1, "trend": 24.026873, "fair_value": 19.714207, "relative_strength": -10.99613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.970338, "energy": 49.819973, "activity_lines": [ 20.831635, 21.119827, 22.238823, 23.046163 ] }, { "date": "2023-09-22", "close": 20.797785, "volume": 21302618, "typical_volume": 5351345.0, "trend": 23.861238, "fair_value": 19.721243, "relative_strength": -13.184203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.453083, "energy": 40.215823, "activity_lines": [ 20.889569, 20.986324, 22.017658, 22.837835 ] }, { "date": "2023-09-29", "close": 21.715622, "volume": 10613100, "typical_volume": 5657273.1, "trend": 23.714876, "fair_value": 19.73411, "relative_strength": -8.755055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.720026, "energy": 29.960026, "activity_lines": [ 21.213741, 21.06355, 21.901421, 22.699408 ] }, { "date": "2023-10-13", "close": 24.95734, "volume": 22939000, "typical_volume": 6607026.9, "trend": 23.698569, "fair_value": 19.767593, "relative_strength": 5.304955, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.720836, "energy": 12.395629, "activity_lines": [ 22.487645, 21.743671, 22.10554, 22.779567 ] }, { "date": "2023-10-20", "close": 21.627743, "volume": 19537696, "typical_volume": 7342066.7, "trend": 23.57451, "fair_value": 19.797891, "relative_strength": -5.474666, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.385735, "energy": 19.2524, "activity_lines": [ 22.39456, 21.783616, 21.995669, 22.645965 ] }, { "date": "2023-10-27", "close": 22.994734, "volume": 9604111, "typical_volume": 7668472.25, "trend": 23.487606, "fair_value": 19.843945, "relative_strength": -0.613187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.249725, "energy": 14.84937, "activity_lines": [ 22.705713, 22.064115, 22.034819, 22.60856 ] }, { "date": "2023-11-03", "close": 24.508188, "volume": 33498589, "typical_volume": 9135096.7, "trend": 23.446622, "fair_value": 19.896082, "relative_strength": 5.447086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.842481, "energy": 17.500133, "activity_lines": [ 23.402227, 22.607183, 22.22643, 22.674404 ] }, { "date": "2023-11-10", "close": 24.723, "volume": 16734800, "typical_volume": 9833221.7, "trend": 23.373979, "fair_value": 19.940516, "relative_strength": 6.118671, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 23.054817, "energy": 27.192277, "activity_lines": [ 23.922985, 23.111017, 22.438174, 22.756751 ] }, { "date": "2023-11-17", "close": 24.557009, "volume": 9016791, "typical_volume": 10192736.3, "trend": 23.297096, "fair_value": 19.973395, "relative_strength": 5.021305, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.774915, "energy": 39.463579, "activity_lines": [ 24.187921, 23.494307, 22.633319, 22.833076 ] }, { "date": "2023-11-24", "close": 24.635122, "volume": 8660100, "typical_volume": 10161998.5, "trend": 23.272312, "fair_value": 20.023768, "relative_strength": 6.050638, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.049681, "energy": 45.38133, "activity_lines": [ 24.505584, 23.828953, 22.836368, 22.9194 ] }, { "date": "2023-12-01", "close": 25.162392, "volume": 6787770, "typical_volume": 10381697.2, "trend": 23.26931, "fair_value": 20.075129, "relative_strength": 8.884374, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.407483, "energy": 46.182915, "activity_lines": [ 24.798511, 24.190762, 23.089866, 23.041341 ] }, { "date": "2023-12-08", "close": 24.361725, "volume": 7311306, "typical_volume": 10623784.7, "trend": 23.265499, "fair_value": 20.113996, "relative_strength": 7.742557, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.432504, "energy": 33.973706, "activity_lines": [ 24.680038, 24.335095, 23.262413, 23.111819 ] }, { "date": "2023-12-15", "close": 24.820644, "volume": 7862694, "typical_volume": 10907486.0, "trend": 23.287661, "fair_value": 20.156786, "relative_strength": 10.730359, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.650688, "energy": 27.915312, "activity_lines": [ 24.724303, 24.498069, 23.473181, 23.212151 ] }, { "date": "2023-12-22", "close": 24.391018, "volume": 4929258, "typical_volume": 11022646.1, "trend": 23.246977, "fair_value": 20.200564, "relative_strength": 9.806256, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 53.241784, "energy": 31.48415, "activity_lines": [ 24.61885, 24.526474, 23.63178, 23.283335 ] }, { "date": "2023-12-29", "close": 25.211212, "volume": 4077600, "typical_volume": 10983404.2, "trend": 23.234609, "fair_value": 20.244692, "relative_strength": 11.135431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.834175, "energy": 33.668771, "activity_lines": [ 24.79786, 24.714302, 23.862076, 23.41006 ] }, { "date": "2024-01-05", "close": 24.810879, "volume": 5020600, "typical_volume": 10666981.4, "trend": 23.236887, "fair_value": 20.296008, "relative_strength": 10.893462, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.40632, "energy": 31.971902, "activity_lines": [ 24.805021, 24.764188, 24.035089, 23.511755 ] }, { "date": "2024-01-12", "close": 24.195734, "volume": 5715300, "typical_volume": 10544402.4, "trend": 23.22875, "fair_value": 20.340314, "relative_strength": 9.738721, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.431961, "energy": 25.730912, "activity_lines": [ 24.630567, 24.669209, 24.137566, 23.573616 ] }, { "date": "2024-01-19", "close": 23.043556, "volume": 5804625, "typical_volume": 10645282.2, "trend": 23.178302, "fair_value": 20.373307, "relative_strength": 6.195867, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.052512, "energy": 14.433451, "activity_lines": [ 24.08312, 24.370424, 24.111296, 23.561668 ] }, { "date": "2024-01-26", "close": 22.79945, "volume": 6637600, "typical_volume": 10703122.9, "trend": 23.116462, "fair_value": 20.422098, "relative_strength": 2.35016, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.428722, "energy": 15.379818, "activity_lines": [ 23.572776, 24.057792, 24.046108, 23.537226 ] }, { "date": "2024-02-02", "close": 18.991405, "volume": 8256300, "typical_volume": 10943167.9, "trend": 22.92671, "fair_value": 20.444207, "relative_strength": -8.866429, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.7301, "energy": 58.36602, "activity_lines": [ 21.899189, 23.084743, 23.610159, 23.271093 ] }, { "date": "2024-02-09", "close": 20.592737, "volume": 12640781, "typical_volume": 11347531.95, "trend": 22.807261, "fair_value": 20.475601, "relative_strength": -5.700539, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.977021, "energy": 60.433245, "activity_lines": [ 21.174033, 22.505459, 23.335599, 23.120514 ] }, { "date": "2024-02-23", "close": 22.047606, "volume": 13397932, "typical_volume": 10952297.65, "trend": 22.76853, "fair_value": 20.513805, "relative_strength": -3.550043, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.491637, "energy": 54.908263, "activity_lines": [ 21.215043, 22.27378, 23.202526, 23.071504 ] }, { "date": "2024-03-01", "close": 22.10619, "volume": 8150808, "typical_volume": 10829183.05, "trend": 22.756813, "fair_value": 20.568764, "relative_strength": -3.837903, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.999652, "energy": 50.358523, "activity_lines": [ 21.41879, 22.094829, 23.069082, 23.028773 ] }, { "date": "2024-03-08", "close": 21.754679, "volume": 8090631, "typical_volume": 10086764.6, "trend": 22.71385, "fair_value": 20.626133, "relative_strength": -5.779581, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.855411, "energy": 25.232435, "activity_lines": [ 21.567857, 21.90132, 22.900301, 22.964119 ] }, { "date": "2024-03-15", "close": 21.998785, "volume": 7042191, "typical_volume": 9461989.35, "trend": 22.740865, "fair_value": 20.683901, "relative_strength": -4.836167, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.470824, "energy": 12.614264, "activity_lines": [ 21.867944, 21.800127, 22.770018, 22.917986 ] }, { "date": "2024-03-22", "close": 21.676565, "volume": 5719098, "typical_volume": 9267738.7, "trend": 22.720034, "fair_value": 20.735493, "relative_strength": -5.843583, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.323188, "energy": 12.60364, "activity_lines": [ 21.860133, 21.698757, 22.607281, 22.849321 ] }, { "date": "2024-03-29", "close": 21.520338, "volume": 5334200, "typical_volume": 7859519.25, "trend": 22.763973, "fair_value": 20.789642, "relative_strength": -6.138525, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.744495, "energy": 14.194408, "activity_lines": [ 21.72799, 21.625969, 22.435942, 22.771921 ] }, { "date": "2024-04-05", "close": 21.520338, "volume": 2873700, "typical_volume": 7166464.25, "trend": 22.822884, "fair_value": 20.841398, "relative_strength": -6.80183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.746599, "energy": 24.268151, "activity_lines": [ 21.630999, 21.601825, 22.278832, 22.691687 ] }, { "date": "2024-04-12", "close": 21.6668, "volume": 7065800, "typical_volume": 7068914.7, "trend": 22.841762, "fair_value": 20.898204, "relative_strength": -4.451187, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.046599, "energy": 26.898603, "activity_lines": [ 21.621885, 21.632005, 22.15092, 22.617101 ] }, { "date": "2024-04-19", "close": 22.213596, "volume": 7782944, "typical_volume": 7025056.9, "trend": 22.887002, "fair_value": 20.951459, "relative_strength": -3.295713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.12067, "energy": 19.413777, "activity_lines": [ 21.800896, 21.782196, 22.088848, 22.576574 ] }, { "date": "2024-04-26", "close": 24.059034, "volume": 11501618, "typical_volume": 7260749.3, "trend": 22.982041, "fair_value": 21.012434, "relative_strength": 4.014355, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.741266, "energy": 10.465614, "activity_lines": [ 22.580731, 22.209336, 22.214062, 22.652189 ] }, { "date": "2024-05-03", "close": 23.834455, "volume": 6946100, "typical_volume": 7242489.0, "trend": 23.083263, "fair_value": 21.071601, "relative_strength": 2.509039, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.981304, "energy": 18.538539, "activity_lines": [ 23.126876, 22.53262, 22.323142, 22.707183 ] }, { "date": "2024-05-10", "close": 24.234791, "volume": 11887000, "typical_volume": 7443704.3, "trend": 23.167236, "fair_value": 21.128611, "relative_strength": 2.565866, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.662036, "energy": 37.773659, "activity_lines": [ 23.652191, 22.896204, 22.47286, 22.781475 ] }, { "date": "2024-05-17", "close": 22.79945, "volume": 7415594, "typical_volume": 7568021.1, "trend": 23.095306, "fair_value": 21.171573, "relative_strength": -3.465151, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.923183, "energy": 37.95971, "activity_lines": [ 23.518096, 22.960116, 22.488669, 22.757747 ] }, { "date": "2024-05-24", "close": 21.910906, "volume": 6216798, "typical_volume": 7674981.0, "trend": 23.104745, "fair_value": 21.216201, "relative_strength": -5.200251, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -16.023687, "energy": 22.841442, "activity_lines": [ 23.01231, 22.843477, 22.427433, 22.681334 ] }, { "date": "2024-05-31", "close": 22.428408, "volume": 5508134, "typical_volume": 7699357.7, "trend": 23.085867, "fair_value": 21.25335, "relative_strength": -2.763052, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.153975, "energy": 11.024426, "activity_lines": [ 22.699203, 22.822529, 22.431199, 22.6377 ] }, { "date": "2024-06-07", "close": 21.721369, "volume": 5067885, "typical_volume": 7666986.95, "trend": 22.992973, "fair_value": 21.293941, "relative_strength": -4.524166, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.446813, "energy": 27.571816, "activity_lines": [ 22.259126, 22.659357, 22.378973, 22.549668 ] }, { "date": "2024-06-14", "close": 21.44529, "volume": 3117896, "typical_volume": 7532650.5, "trend": 22.883716, "fair_value": 21.335952, "relative_strength": -5.013911, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.561676, "energy": 33.544328, "activity_lines": [ 21.867894, 22.442334, 22.312237, 22.449817 ] }, { "date": "2024-06-21", "close": 22.332682, "volume": 9219300, "typical_volume": 7661735.5, "trend": 22.809572, "fair_value": 21.390094, "relative_strength": 0.084203, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.423708, "energy": 26.078737, "activity_lines": [ 21.958427, 22.38802, 22.337625, 22.414267 ] }, { "date": "2024-06-28", "close": 24.679338, "volume": 32102202, "typical_volume": 8854030.6, "trend": 22.811046, "fair_value": 21.459769, "relative_strength": 11.511587, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.430344, "energy": 12.729043, "activity_lines": [ 22.862296, 22.748264, 22.588726, 22.534897 ] }, { "date": "2024-07-05", "close": 24.41312, "volume": 12818655, "typical_volume": 8862924.3, "trend": 22.78607, "fair_value": 21.526581, "relative_strength": 10.800213, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.937507, "energy": 32.648238, "activity_lines": [ 23.492863, 23.015273, 22.787388, 22.638256 ] }, { "date": "2024-07-12", "close": 25.783648, "volume": 20221661, "typical_volume": 9204110.75, "trend": 22.833467, "fair_value": 21.602611, "relative_strength": 15.890044, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.158456, "energy": 56.843913, "activity_lines": [ 24.447959, 23.52503, 23.098385, 22.831648 ] }, { "date": "2024-07-19", "close": 25.073734, "volume": 10487064, "typical_volume": 9320923.55, "trend": 22.841904, "fair_value": 21.676379, "relative_strength": 12.039988, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.41698, "energy": 70.590293, "activity_lines": [ 24.895599, 23.870273, 23.323979, 22.976182 ] }, { "date": "2024-07-26", "close": 22.184782, "volume": 15549922, "typical_volume": 9693888.1, "trend": 22.768363, "fair_value": 21.73169, "relative_strength": 2.133217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.656219, "energy": 49.519519, "activity_lines": [ 24.138358, 23.674998, 23.260305, 22.933787 ] }, { "date": "2024-08-02", "close": 24.353962, "volume": 12013714, "typical_volume": 9942464.25, "trend": 22.739788, "fair_value": 21.801958, "relative_strength": 11.194314, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.349645, "energy": 35.24493, "activity_lines": [ 24.114037, 23.885295, 23.401171, 23.036084 ] }, { "date": "2024-08-09", "close": 23.042595, "volume": 10589935, "typical_volume": 10186006.1, "trend": 22.680845, "fair_value": 21.863262, "relative_strength": 6.516587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.03439, "energy": 15.391784, "activity_lines": [ 23.674286, 23.812742, 23.405929, 23.05562 ] }, { "date": "2024-08-16", "close": 23.062313, "volume": 7405052, "typical_volume": 10289548.7, "trend": 22.643064, "fair_value": 21.925806, "relative_strength": 5.549211, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.659352, "energy": 18.009466, "activity_lines": [ 23.332475, 23.732608, 23.406061, 23.08023 ] }, { "date": "2024-08-23", "close": 21.967865, "volume": 7044296, "typical_volume": 10498078.5, "trend": 22.607208, "fair_value": 21.976696, "relative_strength": 1.242513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.230666, "energy": 12.235499, "activity_lines": [ 22.807271, 23.429102, 23.294616, 23.036669 ] }, { "date": "2024-08-30", "close": 22.046745, "volume": 6444500, "typical_volume": 10467013.5, "trend": 22.582118, "fair_value": 22.03205, "relative_strength": 1.704371, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.319808, "energy": 19.174021, "activity_lines": [ 22.515418, 23.130437, 23.188553, 23.00051 ] }, { "date": "2024-09-06", "close": 22.332682, "volume": 11263694, "typical_volume": 10641051.0, "trend": 22.693493, "fair_value": 22.086392, "relative_strength": 5.436741, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.483846, "energy": 18.180415, "activity_lines": [ 22.32808, 22.888959, 23.107913, 22.984418 ] }, { "date": "2024-09-13", "close": 21.849546, "volume": 6037432, "typical_volume": 10367841.7, "trend": 22.735387, "fair_value": 22.137018, "relative_strength": 5.15477, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.916424, "energy": 25.224219, "activity_lines": [ 22.114449, 22.602305, 22.980693, 22.929969 ] }, { "date": "2024-09-20", "close": 19.897285, "volume": 8661890, "typical_volume": 10453631.2, "trend": 22.66371, "fair_value": 22.179026, "relative_strength": -5.522589, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.589714, "energy": 48.645554, "activity_lines": [ 21.329601, 22.007305, 22.678064, 22.746866 ] }, { "date": "2024-09-27", "close": 21.958006, "volume": 9092900, "typical_volume": 10313926.2, "trend": 22.65877, "fair_value": 22.234491, "relative_strength": -7.652426, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.183868, "energy": 39.416757, "activity_lines": [ 21.442661, 21.894006, 22.590443, 22.701337 ] }, { "date": "2024-10-04", "close": 23.742647, "volume": 5193007, "typical_volume": 10202796.85, "trend": 22.725036, "fair_value": 22.301026, "relative_strength": -7.707685, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.069682, "energy": 11.543206, "activity_lines": [ 22.151259, 22.161836, 22.68363, 22.771264 ] }, { "date": "2024-10-11", "close": 22.194643, "volume": 16739659, "typical_volume": 10728939.9, "trend": 22.731564, "fair_value": 22.358008, "relative_strength": -10.522163, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.237862, "energy": 8.518158, "activity_lines": [ 22.230796, 22.119887, 22.624897, 22.737045 ] }, { "date": "2024-10-18", "close": 22.61862, "volume": 10237194, "typical_volume": 10965392.9, "trend": 22.762966, "fair_value": 22.420244, "relative_strength": -9.780033, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.125805, "energy": 16.911241, "activity_lines": [ 22.460861, 22.194285, 22.605191, 22.729759 ] }, { "date": "2024-10-25", "close": 22.569319, "volume": 15385578, "typical_volume": 11481277.55, "trend": 22.797932, "fair_value": 22.48136, "relative_strength": -10.925693, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.026645, "energy": 17.054174, "activity_lines": [ 22.62322, 22.267427, 22.579883, 22.717265 ] }, { "date": "2024-11-01", "close": 21.553749, "volume": 14102653, "typical_volume": 12030515.4, "trend": 22.799046, "fair_value": 22.537017, "relative_strength": -13.99167, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.585788, "energy": 16.787811, "activity_lines": [ 22.268921, 22.164884, 22.453817, 22.636995 ] }, { "date": "2024-11-08", "close": 22.480579, "volume": 12207146, "typical_volume": 12179907.7, "trend": 22.826172, "fair_value": 22.59812, "relative_strength": -14.64035, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.163841, "energy": 13.286429, "activity_lines": [ 22.250515, 22.238385, 22.415505, 22.616449 ] }, { "date": "2024-11-15", "close": 21.593187, "volume": 17473383, "typical_volume": 11448466.75, "trend": 22.805492, "fair_value": 22.655082, "relative_strength": -14.661729, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.684286, "energy": 25.40217, "activity_lines": [ 22.02045, 22.142654, 22.291974, 22.536902 ] }, { "date": "2024-11-22", "close": 20.824118, "volume": 9526074, "typical_volume": 11283837.7, "trend": 22.697661, "fair_value": 22.70934, "relative_strength": -15.745385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.170779, "energy": 43.349216, "activity_lines": [ 21.574126, 21.920537, 22.109895, 22.409071 ] }, { "date": "2024-11-29", "close": 21.021315, "volume": 7288664, "typical_volume": 10637187.85, "trend": 22.60389, "fair_value": 22.768078, "relative_strength": -16.082745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.545123, "energy": 45.092826, "activity_lines": [ 21.313168, 21.752919, 21.963686, 22.30092 ] }, { "date": "2024-12-06", "close": 20.843836, "volume": 7235934, "typical_volume": 10474631.35, "trend": 22.490858, "fair_value": 22.82135, "relative_strength": -18.234056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.677386, "energy": 52.535195, "activity_lines": [ 21.09625, 21.532595, 21.823253, 22.187368 ] }, { "date": "2024-12-13", "close": 20.912855, "volume": 11560749, "typical_volume": 10275172.7, "trend": 22.427971, "fair_value": 22.869126, "relative_strength": -17.23508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.372914, "energy": 51.708435, "activity_lines": [ 20.949666, 21.345078, 21.709536, 22.085561 ] }, { "date": "2024-12-20", "close": 20.666357, "volume": 8482422, "typical_volume": 10098608.1, "trend": 22.386487, "fair_value": 22.915445, "relative_strength": -17.140678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.694475, "energy": 48.486649, "activity_lines": [ 20.825431, 21.164193, 21.578399, 21.971909 ] }, { "date": "2024-12-27", "close": 20.873415, "volume": 6434755, "typical_volume": 9890849.1, "trend": 22.334653, "fair_value": 22.939218, "relative_strength": -16.617256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.643303, "energy": 42.292954, "activity_lines": [ 20.832004, 21.048742, 21.484542, 21.874291 ] }, { "date": "2025-01-03", "close": 20.015604, "volume": 8825594, "typical_volume": 9961876.2, "trend": 22.277795, "fair_value": 22.962997, "relative_strength": -14.846858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.441628, "energy": 47.823939, "activity_lines": [ 20.549353, 20.809057, 21.319318, 21.724675 ] }, { "date": "2025-01-10", "close": 18.812696, "volume": 9351688, "typical_volume": 10077245.8, "trend": 22.190041, "fair_value": 22.983456, "relative_strength": -18.33719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.822058, "energy": 71.024432, "activity_lines": [ 19.932781, 20.397093, 21.05404, 21.50112 ] }, { "date": "2025-01-17", "close": 19.966305, "volume": 15533862, "typical_volume": 10531713.9, "trend": 22.111162, "fair_value": 23.001538, "relative_strength": -14.785063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.086144, "energy": 62.040897, "activity_lines": [ 19.836154, 20.244712, 20.913653, 21.357654 ] }, { "date": "2025-01-24", "close": 19.867704, "volume": 7469120, "typical_volume": 10341985.2, "trend": 21.950774, "fair_value": 23.013854, "relative_strength": -15.029097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.572099, "energy": 64.081496, "activity_lines": [ 19.769763, 20.120119, 20.773784, 21.212914 ] }, { "date": "2025-01-31", "close": 19.808546, "volume": 894640, "typical_volume": 10084845.6, "trend": 21.797289, "fair_value": 23.004638, "relative_strength": -14.832792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.115026, "energy": 61.706439, "activity_lines": [ 19.736897, 20.016142, 20.640018, 21.074706 ] }, { "date": "2025-02-07", "close": 20.104343, "volume": 3623260, "typical_volume": 9832914.1, "trend": 21.607978, "fair_value": 23.002328, "relative_strength": -14.749952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.09961, "energy": 37.921009, "activity_lines": [ 19.873621, 19.984411, 20.544142, 20.965484 ] }, { "date": "2025-02-14", "close": 19.828266, "volume": 8387006, "typical_volume": 9797619.4, "trend": 21.433129, "fair_value": 22.983529, "relative_strength": -16.719484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.087281, "energy": 36.331223, "activity_lines": [ 19.912404, 19.919156, 20.420987, 20.850664 ] }, { "date": "2025-02-21", "close": 20.163504, "volume": 11263400, "typical_volume": 10101139.05, "trend": 21.365754, "fair_value": 22.985989, "relative_strength": -15.811379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.191788, "energy": 27.470221, "activity_lines": [ 19.995227, 19.933319, 20.339901, 20.768752 ] }, { "date": "2025-02-28", "close": 19.798687, "volume": 11457670, "typical_volume": 9837039.6, "trend": 21.213911, "fair_value": 22.981411, "relative_strength": -15.578267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.347236, "energy": 26.347576, "activity_lines": [ 19.943299, 19.894776, 20.241114, 20.667651 ] }, { "date": "2025-03-07", "close": 19.739527, "volume": 6462450, "typical_volume": 9648302.4, "trend": 21.103809, "fair_value": 22.984989, "relative_strength": -16.827596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.872573, "energy": 28.528125, "activity_lines": [ 19.876251, 19.861252, 20.148102, 20.57253 ] }, { "date": "2025-03-14", "close": 20.271961, "volume": 7113500, "typical_volume": 9234698.5, "trend": 21.010797, "fair_value": 22.973734, "relative_strength": -15.46438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.73552, "energy": 22.433003, "activity_lines": [ 19.991283, 19.945151, 20.119509, 20.518862 ] }, { "date": "2025-03-21", "close": 20.252243, "volume": 23352956, "typical_volume": 9697213.65, "trend": 20.95361, "fair_value": 22.968723, "relative_strength": -13.914932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.843221, "energy": 18.555966, "activity_lines": [ 20.088568, 20.020803, 20.099977, 20.469923 ] }, { "date": "2025-03-28", "close": 21.691788, "volume": 18312145, "typical_volume": 10002463.6, "trend": 20.941778, "fair_value": 22.956055, "relative_strength": -7.269871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.570426, "energy": 10.259843, "activity_lines": [ 20.637436, 20.332018, 20.223742, 20.517547 ] }, { "date": "2025-04-04", "close": 21.218513, "volume": 9469005, "typical_volume": 9602244.7, "trend": 20.904639, "fair_value": 22.947033, "relative_strength": -8.874372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 15.99746, "energy": 21.500957, "activity_lines": [ 20.92666, 20.52581, 20.30619, 20.535401 ] }, { "date": "2025-04-11", "close": 20.538179, "volume": 16424104, "typical_volume": 9947146.2, "trend": 20.860927, "fair_value": 22.918744, "relative_strength": -8.759486, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 10.686017, "energy": 17.9672, "activity_lines": [ 20.894451, 20.571345, 20.325628, 20.511759 ] }, { "date": "2025-04-18", "close": 20.557899, "volume": 8834781, "typical_volume": 10024452.05, "trend": 20.882947, "fair_value": 22.895529, "relative_strength": -9.501425, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -6.552659, "energy": 15.178044, "activity_lines": [ 20.815571, 20.607199, 20.348306, 20.492209 ] }, { "date": "2025-04-25", "close": 21.001595, "volume": 7095600, "typical_volume": 10017435.35, "trend": 20.851067, "fair_value": 22.891549, "relative_strength": -7.700001, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.717345, "energy": 13.817148, "activity_lines": [ 20.865528, 20.715478, 20.415447, 20.499863 ] }, { "date": "2025-05-02", "close": 20.479019, "volume": 8488900, "typical_volume": 9863842.9, "trend": 20.742279, "fair_value": 22.891208, "relative_strength": -9.194794, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.674446, "energy": 8.790681, "activity_lines": [ 20.691336, 20.707411, 20.432068, 20.47586 ] }, { "date": "2025-05-09", "close": 20.656498, "volume": 7649278, "typical_volume": 9822185.7, "trend": 20.691008, "fair_value": 22.885387, "relative_strength": -9.754667, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.322852, "energy": 2.963503, "activity_lines": [ 20.657155, 20.725876, 20.467657, 20.470326 ] }, { "date": "2025-05-16", "close": 21.257952, "volume": 8436800, "typical_volume": 9922287.95, "trend": 20.645652, "fair_value": 22.879154, "relative_strength": -7.591599, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.050048, "energy": 13.509635, "activity_lines": [ 20.860927, 20.838099, 20.560575, 20.506903 ] }, { "date": "2025-05-23", "close": 21.386131, "volume": 13614423, "typical_volume": 10161729.4, "trend": 20.606212, "fair_value": 22.875412, "relative_strength": -6.318073, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.647548, "energy": 16.34903, "activity_lines": [ 21.059439, 20.946021, 20.663869, 20.554676 ] }, { "date": "2025-05-30", "close": 20.755096, "volume": 11533906, "typical_volume": 10270840.3, "trend": 20.579591, "fair_value": 22.867068, "relative_strength": -8.784096, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.542756, "energy": 19.172619, "activity_lines": [ 20.992392, 20.91895, 20.700539, 20.564281 ] }, { "date": "2025-06-06", "close": 20.774817, "volume": 11039567, "typical_volume": 10046125.55, "trend": 20.522732, "fair_value": 22.856253, "relative_strength": -9.467245, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.260495, "energy": 25.789422, "activity_lines": [ 20.948351, 20.886323, 20.729837, 20.576877 ] }, { "date": "2025-06-13", "close": 21.52417, "volume": 27645949, "typical_volume": 11054967.0, "trend": 20.520431, "fair_value": 22.858654, "relative_strength": -5.782942, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.70716, "energy": 29.401486, "activity_lines": [ 21.134375, 21.006614, 20.826652, 20.641485 ] }, { "date": "2025-06-20", "close": 20.49, "volume": 12320500, "typical_volume": 11626260.0, "trend": 20.509294, "fair_value": 22.851889, "relative_strength": -9.505881, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.824314, "energy": 12.744681, "activity_lines": [ 20.91783, 20.933317, 20.817086, 20.639522 ] }, { "date": "2025-06-27", "close": 20.68, "volume": 9724192, "typical_volume": 11931306.6, "trend": 20.497917, "fair_value": 22.846156, "relative_strength": -9.796403, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.005083, "energy": 12.206785, "activity_lines": [ 20.815816, 20.895441, 20.822371, 20.650535 ] }, { "date": "2025-07-04", "close": 21.860001, "volume": 16732976, "typical_volume": 12348605.1, "trend": 20.531789, "fair_value": 22.851472, "relative_strength": -5.432091, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.217588, "energy": 28.163109, "activity_lines": [ 21.154211, 21.06989, 20.937296, 20.738412 ] }, { "date": "2025-07-11", "close": 21.6, "volume": 13724234, "typical_volume": 12471646.8, "trend": 20.554694, "fair_value": 22.856116, "relative_strength": -6.885749, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.282284, "energy": 30.607593, "activity_lines": [ 21.332278, 21.18146, 21.017784, 20.807329 ] }, { "date": "2025-07-18", "close": 22.9, "volume": 19894400, "typical_volume": 12893483.3, "trend": 20.629149, "fair_value": 22.869716, "relative_strength": -1.407236, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.767322, "energy": 61.320927, "activity_lines": [ 21.888667, 21.509011, 21.21524, 20.958639 ] }, { "date": "2025-07-25", "close": 23.51, "volume": 39209097, "typical_volume": 14530815.65, "trend": 20.717035, "fair_value": 22.882311, "relative_strength": -0.11675, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.358536, "energy": 72.321332, "activity_lines": [ 22.556667, 21.906681, 21.456024, 21.1445 ] }, { "date": "2025-08-01", "close": 23.959999, "volume": 27217520, "typical_volume": 15536016.65, "trend": 20.848515, "fair_value": 22.891134, "relative_strength": 3.25969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.130879, "energy": 78.410477, "activity_lines": [ 23.173333, 22.345222, 21.72171, 21.353724 ] }, { "date": "2025-08-08", "close": 23.379999, "volume": 25769168, "typical_volume": 15656827.25, "trend": 21.000758, "fair_value": 22.894373, "relative_strength": -0.850071, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.292359, "energy": 73.777254, "activity_lines": [ 23.377999, 22.631512, 21.914597, 21.517045 ] }, { "date": "2025-08-15", "close": 23.92, "volume": 25330276, "typical_volume": 16007733.8, "trend": 21.132548, "fair_value": 22.907108, "relative_strength": 0.205606, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.853132, "energy": 73.862153, "activity_lines": [ 23.661333, 22.968257, 22.144017, 21.705383 ] }, { "date": "2025-08-22", "close": 23.98, "volume": 40985032, "typical_volume": 17583535.15, "trend": 21.269624, "fair_value": 22.909652, "relative_strength": -2.515375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.74077, "energy": 60.241583, "activity_lines": [ 23.81, 23.258727, 22.368542, 21.88909 ] }, { "date": "2025-08-29", "close": 23.200001, "volume": 23055900, "typical_volume": 17915124.95, "trend": 21.382673, "fair_value": 22.903525, "relative_strength": -5.982456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.572271, "energy": 42.700211, "activity_lines": [ 23.626667, 23.362727, 22.505631, 22.01363 ] }, { "date": "2025-09-05", "close": 23.129999, "volume": 14745414, "typical_volume": 18210656.6, "trend": 21.483528, "fair_value": 22.902549, "relative_strength": -4.573597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.785909, "energy": 36.682408, "activity_lines": [ 23.440667, 23.404727, 22.623377, 22.126361 ] }, { "date": "2025-09-12", "close": 23.049999, "volume": 15522096, "typical_volume": 18631981.4, "trend": 21.590919, "fair_value": 22.906783, "relative_strength": -5.72472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.072015, "energy": 26.562327, "activity_lines": [ 23.283333, 23.387636, 22.721257, 22.227424 ] }, { "date": "2025-09-19", "close": 22.68, "volume": 10044050, "typical_volume": 18709738.9, "trend": 21.674802, "fair_value": 22.905348, "relative_strength": -5.628506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.545997, "energy": 18.769612, "activity_lines": [ 23.024666, 23.281636, 22.774144, 22.297687 ] }, { "date": "2025-09-26", "close": 22.33, "volume": 10833032, "typical_volume": 18868926.6, "trend": 21.75918, "fair_value": 22.911188, "relative_strength": -6.915606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.53461, "energy": 17.408846, "activity_lines": [ 22.732, 23.092363, 22.783217, 22.339958 ] }, { "date": "2025-10-03", "close": 22.43, "volume": 3184600, "typical_volume": 18606316.6, "trend": 21.848862, "fair_value": 22.92165, "relative_strength": -7.434854, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.517435, "energy": 16.838908, "activity_lines": [ 22.582666, 22.931636, 22.793845, 22.383237 ] }, { "date": "2025-10-10", "close": 22.799999, "volume": 4152500, "typical_volume": 18133220.45, "trend": 21.93313, "fair_value": 22.931561, "relative_strength": -5.948577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.672564, "energy": 15.587972, "activity_lines": [ 22.608, 22.857818, 22.834129, 22.4446 ] }, { "date": "2025-10-17", "close": 22.08, "volume": 8227000, "typical_volume": 17967875.15, "trend": 21.994055, "fair_value": 22.937104, "relative_strength": -7.22031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.965557, "energy": 9.957633, "activity_lines": [ 22.415333, 22.674182, 22.79911, 22.454076 ] }, { "date": "2025-10-24", "close": 22.440001, "volume": 8667850, "typical_volume": 17849289.3, "trend": 22.018996, "fair_value": 22.935811, "relative_strength": -8.01569, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.421045, "energy": 10.601316, "activity_lines": [ 22.407333, 22.579636, 22.792067, 22.482846 ] }, { "date": "2025-10-31", "close": 23.25, "volume": 12940004, "typical_volume": 17113992.05, "trend": 22.086712, "fair_value": 22.931373, "relative_strength": -4.592868, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.943427, "energy": 14.041471, "activity_lines": [ 22.685333, 22.659273, 22.854238, 22.562266 ] }, { "date": "2025-11-07", "close": 22.84, "volume": 15794142, "typical_volume": 17287674.15, "trend": 22.163439, "fair_value": 22.922192, "relative_strength": -7.046403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.260661, "energy": 12.560061, "activity_lines": [ 22.765333, 22.677636, 22.869143, 22.610865 ] }, { "date": "2025-11-14", "close": 23.52, "volume": 13513300, "typical_volume": 17477129.55, "trend": 22.262176, "fair_value": 22.918552, "relative_strength": -3.932475, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 42.827186, "energy": 25.412148, "activity_lines": [ 23.044667, 22.826182, 22.937619, 22.698385 ] }, { "date": "2025-11-21", "close": 21.99, "volume": 9752000, "typical_volume": 17128080.75, "trend": 22.295123, "fair_value": 22.890298, "relative_strength": -6.349663, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.16985, "energy": 11.276059, "activity_lines": [ 22.766, 22.689455, 22.846857, 22.680826 ] }, { "date": "2025-11-28", "close": 22.65, "volume": 8450802, "typical_volume": 16864409.15, "trend": 22.367489, "fair_value": 22.858, "relative_strength": -4.723049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.656313, "energy": 11.150759, "activity_lines": [ 22.713333, 22.692, 22.818333, 22.703721 ] }, { "date": "2025-12-05", "close": 22.52, "volume": 5864799, "typical_volume": 16162929.1, "trend": 22.429605, "fair_value": 22.820888, "relative_strength": -5.509932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.560287, "energy": 6.872087, "activity_lines": [ 22.603333, 22.671455, 22.772429, 22.71356 ] }, { "date": "2025-12-12", "close": 22.049999, "volume": 5390837, "typical_volume": 14472016.1, "trend": 22.456007, "fair_value": 22.790405, "relative_strength": -7.016438, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.748339, "energy": 21.872758, "activity_lines": [ 22.385333, 22.562, 22.683571, 22.68907 ] }, { "date": "2025-12-19", "close": 22.25, "volume": 5828667, "typical_volume": 13402573.45, "trend": 22.484803, "fair_value": 22.765933, "relative_strength": -6.076141, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.808146, "energy": 27.457551, "activity_lines": [ 22.286666, 22.495818, 22.620714, 22.675779 ] }, { "date": "2025-12-26", "close": 24.450001, "volume": 24613522, "typical_volume": 13344791.15, "trend": 22.607966, "fair_value": 22.753946, "relative_strength": 1.2944, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.417969, "energy": 25.637359, "activity_lines": [ 23.006, 22.839636, 22.775524, 22.802566 ] }, { "date": "2026-01-02", "close": 25.049999, "volume": 14791000, "typical_volume": 12817827.35, "trend": 22.750472, "fair_value": 22.74736, "relative_strength": 3.619319, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.543043, "energy": 58.047919, "activity_lines": [ 23.761333, 23.249454, 22.982381, 22.960116 ] }, { "date": "2026-01-09", "close": 30.690001, "volume": 36846255, "typical_volume": 12610888.5, "trend": 23.056, "fair_value": 22.791672, "relative_strength": 21.698361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.81474, "energy": 88.813427, "activity_lines": [ 26.236667, 24.637273, 23.721, 23.472344 ] }, { "date": "2026-01-16", "close": 34.43, "volume": 46596645, "typical_volume": 13787925.75, "trend": 23.520667, "fair_value": 22.858777, "relative_strength": 36.188891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.375803, "energy": 97.245324, "activity_lines": [ 29.414, 26.569818, 24.783857, 24.20615 ] }, { "date": "2026-01-23", "close": 31.290001, "volume": 32420085, "typical_volume": 14671659.3, "trend": 23.874333, "fair_value": 22.906126, "relative_strength": 22.188217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.062085, "energy": 90.128358, "activity_lines": [ 30.719334, 27.720728, 25.494191, 24.707398 ] }, { "date": "2026-01-30", "close": 28.690001, "volume": 19177712, "typical_volume": 14854440.1, "trend": 24.102, "fair_value": 22.922127, "relative_strength": 12.226338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.980236, "energy": 88.103849, "activity_lines": [ 30.555334, 28.257637, 25.918048, 25.018086 ] }, { "date": "2026-02-06", "close": 27.610001, "volume": 20843123, "typical_volume": 15394393.75, "trend": 24.302333, "fair_value": 22.93021, "relative_strength": 9.154176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.372333, "energy": 67.202581, "activity_lines": [ 29.748668, 28.476364, 26.212191, 25.244409 ] }, { "date": "2026-02-13", "close": 26.530001, "volume": 14876967, "typical_volume": 15596590.5, "trend": 24.423333, "fair_value": 22.935662, "relative_strength": 4.275622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.219924, "energy": 41.406588, "activity_lines": [ 28.411334, 28.408546, 26.38, 25.388129 ] }, { "date": "2026-02-27", "close": 26.540001, "volume": 10617125, "typical_volume": 15968216.75, "trend": 24.524333, "fair_value": 22.938876, "relative_strength": 2.161314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.731848, "energy": 26.921142, "activity_lines": [ 27.354668, 28.269637, 26.528762, 25.524688 ] }, { "date": "2026-03-06", "close": 25.52, "volume": 18354950, "typical_volume": 16678339.25, "trend": 24.576333, "fair_value": 22.937667, "relative_strength": -0.912533, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.061512, "energy": 28.033172, "activity_lines": [ 26.484001, 27.863637, 26.56081, 25.588925 ] }, { "date": "2026-03-13", "close": 25.700001, "volume": 15854200, "typical_volume": 17059699.25, "trend": 24.653667, "fair_value": 22.937239, "relative_strength": 0.356267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.638569, "energy": 26.334958, "activity_lines": [ 26.058001, 27.43091, 26.597048, 25.66142 ] }, { "date": "2026-03-20", "close": 25.940001, "volume": 33685939, "typical_volume": 18310603.7, "trend": 24.721, "fair_value": 22.936172, "relative_strength": 4.634294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.15186, "energy": 21.757877, "activity_lines": [ 25.911334, 27.019092, 26.638905, 25.744409 ] }, { "date": "2026-03-27", "close": 26.68, "volume": 24794345, "typical_volume": 18903320.75, "trend": 24.811, "fair_value": 22.944078, "relative_strength": 8.544726, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.552181, "energy": 13.997968, "activity_lines": [ 26.122667, 26.725637, 26.734572, 25.870796 ] }, { "date": "2026-04-03", "close": 28.530001, "volume": 73737746, "typical_volume": 21800500.95, "trend": 24.988667, "fair_value": 22.964466, "relative_strength": 16.762474, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.559979, "energy": 18.178914, "activity_lines": [ 26.940667, 26.841455, 26.990096, 26.110732 ] }, { "date": "2026-04-10", "close": 27.280001, "volume": 41634620, "typical_volume": 23206566.95, "trend": 25.127, "fair_value": 22.975223, "relative_strength": 8.510373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.932943, "energy": 18.430847, "activity_lines": [ 27.209334, 26.837273, 27.099477, 26.25856 ] }, { "date": "2026-04-17", "close": 27.097948, "volume": 49387287, "typical_volume": 25188331.3, "trend": 25.261932, "fair_value": 22.983943, "relative_strength": 5.93982, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.779412, "energy": 21.581354, "activity_lines": [ 27.299983, 26.8729, 27.173615, 26.385718 ] }, { "date": "2026-04-24", "close": 23.214172, "volume": 37892942, "typical_volume": 26660438.3, "trend": 25.279738, "fair_value": 22.960301, "relative_strength": -9.716667, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.362933, "energy": 4.652555, "activity_lines": [ 26.002844, 26.231332, 26.853546, 26.253604 ] }, { "date": "2026-05-01", "close": 22.221106, "volume": 17305200, "typical_volume": 27232458.35, "trend": 25.276108, "fair_value": 22.930542, "relative_strength": -14.002291, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.796642, "energy": 46.830639, "activity_lines": [ 24.556404, 25.489131, 26.436212, 26.056273 ] }, { "date": "2026-05-08", "close": 22.486578, "volume": 10593299, "typical_volume": 27492581.45, "trend": 25.277994, "fair_value": 22.912003, "relative_strength": -14.158872, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.678908, "energy": 58.800768, "activity_lines": [ 23.495715, 24.873541, 26.045585, 25.876303 ] }, { "date": "2026-05-15", "close": 21.149378, "volume": 18991600, "typical_volume": 28150728.1, "trend": 25.222973, "fair_value": 22.885702, "relative_strength": -18.125532, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.888845, "energy": 71.998213, "activity_lines": [ 22.392187, 24.088522, 25.525527, 25.609941 ] }, { "date": "2026-05-22", "close": 21.090385, "volume": 15961010, "typical_volume": 27718102.5, "trend": 25.189986, "fair_value": 22.863999, "relative_strength": -17.606889, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.473028, "energy": 72.589437, "activity_lines": [ 21.677704, 23.372244, 25.005091, 25.343322 ] }, { "date": "2026-05-29", "close": 19.497543, "volume": 15926601, "typical_volume": 27774882.55, "trend": 25.091904, "fair_value": 22.834138, "relative_strength": -22.618342, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.697939, "energy": 85.40248, "activity_lines": [ 20.832777, 22.450168, 24.348954, 24.976068 ] }, { "date": "2026-06-05", "close": 18.612633, "volume": 2772000, "typical_volume": 26071169.8, "trend": 24.937325, "fair_value": 22.789273, "relative_strength": -25.013785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.773272, "energy": 88.816477, "activity_lines": [ 19.940655, 21.484336, 23.634981, 24.558051 ] }, { "date": "2026-06-12", "close": 19.940001, "volume": 4374317, "typical_volume": 23960053.4, "trend": 24.840658, "fair_value": 22.753105, "relative_strength": -19.442063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.460853, "energy": 79.059691, "activity_lines": [ 19.731554, 20.906523, 23.104934, 24.235643 ] }, { "date": "2026-06-19", "close": 19.559999, "volume": 11650211, "typical_volume": 22921559.7, "trend": 24.708658, "fair_value": 22.719883, "relative_strength": -21.726171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.398507, "energy": 74.820602, "activity_lines": [ 19.565558, 20.4158, 22.607697, 23.894955 ] }, { "date": "2026-06-26", "close": 18.85, "volume": 2770200, "typical_volume": 22101184.1, "trend": 24.603992, "fair_value": 22.684051, "relative_strength": -23.039848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.081168, "energy": 75.151078, "activity_lines": [ 19.268854, 19.93635, 22.098699, 23.516977 ] }, { "date": "2026-07-03", "close": 20.85, "volume": 5075900, "typical_volume": 21312822.95, "trend": 24.543992, "fair_value": 22.660288, "relative_strength": -14.981707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.980184, "energy": 56.735074, "activity_lines": [ 19.788175, 19.970499, 21.827033, 23.274784 ] }, { "date": "2026-07-10", "close": 20.209999, "volume": 23937100, "typical_volume": 21765829.6, "trend": 24.466992, "fair_value": 22.631797, "relative_strength": -16.283566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.617917, "energy": 46.764079, "activity_lines": [ 20.004, 19.931269, 21.526606, 22.995171 ] }, { "date": "2026-07-17", "close": 19.43, "volume": 27068257, "typical_volume": 22588386.2, "trend": 24.379658, "fair_value": 22.598118, "relative_strength": -14.283188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.926955, "energy": 46.61384, "activity_lines": [ 19.853333, 19.786787, 21.181988, 22.670204 ] }, { "date": "2026-07-24", "close": 18.74, "volume": 18342993, "typical_volume": 22587788.35, "trend": 24.262658, "fair_value": 22.56327, "relative_strength": -18.00184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.745499, "energy": 53.265624, "activity_lines": [ 19.506666, 19.572425, 20.805513, 22.306355 ] }, { "date": "2026-07-31", "close": 19.52, "volume": 11896771, "typical_volume": 22389916.9, "trend": 24.098325, "fair_value": 22.539619, "relative_strength": -14.594454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.604949, "energy": 49.981226, "activity_lines": [ 19.474667, 19.543687, 20.535609, 22.000377 ] }, { "date": "2026-08-07", "close": 20.549999, "volume": 17682080, "typical_volume": 21589723.95, "trend": 23.948325, "fair_value": 22.527391, "relative_strength": -12.11812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.936488, "energy": 40.426852, "activity_lines": [ 19.741333, 19.730775, 20.393229, 21.771453 ] } ], "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." } } }