{ "ticker": { "uuid": "05faf540-03d5-4b41-89bf-e24b300d85d7", "symbol": "2064", "name": "Camellia Metal Co., Ltd.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1a", "phase_label": "Stage 1A \u00b7 Bottoming", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -16.12, "architecture_energy": 24.065, "architecture_maturity": 33.36, "architecture_confidence": 65.765, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 47.42, "rotation_up": 14.92, "upward_expansion": 15.09, "deceleration": 61.91, "rotation_down": 57.56, "downward_expansion": 40.09 }, "activity_lines": [ 12.18, 12.651818, 12.932381, 12.768495 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 12.35, "trend_reference": 12.555, "distance_from_trend": -0.016328, "trend_direction": "Improving", "fair_value": 14.373397, "distance_from_fair_value": -0.140774, "fair_value_direction": "Weakening", "relative_strength": -30.439346, "relative_strength_direction": "Improving", "price_momentum": 0.024896, "excess_performance": -0.416476, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.016328, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.036461, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.140774, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.014962, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.304393, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.029366, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.024896, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.822325, "read": "Supply-led" } ], "volume": { "latest": 392338, "relative_activity": 0.994912, "balance": 0.822325, "dry_up": 1.405169, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.107443, "annualized_volatility": 0.280859, "from_high_reference": -0.244648, "from_low_reference": 0.122727 }, "levels": { "trend_reference": 12.555, "fair_value_reference": 14.373397, "structural_low": 11.3, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -0.020281, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.044844, "regime_survival": 0.583333, "best_return": 0.057221, "worst_return": -0.219596, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.003445, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.00546, "regime_survival": 0.166667, "best_return": 0.066298, "worst_return": -0.146704, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.094865, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.054924, "regime_survival": 0.0, "best_return": 0.051771, "worst_return": -0.189244, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.020544, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.204633, "regime_survival": 0.0, "best_return": 0.025988, "worst_return": -0.23569, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2024-09-13", "tenure": "Extended", "return": -0.02589, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-09-20", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": -0.015106, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.079114, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.010204, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": 0.003367, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": 0.037801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-04-04", "tenure": "Developing", "return": -0.049669, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-04", "tenure": "Established", "return": 0.045113, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-09-19", "tenure": "Developing", "return": -0.059649, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2026-02-13", "tenure": "Established", "return": -0.075758, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-05-22", "tenure": "Established", "return": 0.074074, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-07-10", "tenure": "Developing", "return": -0.036232, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-14", "tenure": "Developing", "return": -0.046332, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 16.4, "volume": 348000, "typical_volume": 150400.0, "trend": 17.503248, "fair_value": 15.795469, "relative_strength": -10.824657, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.099177, "energy": 29.874033, "activity_lines": [ 16.83, 16.916364, 17.102967, 17.316603 ] }, { "date": "2023-08-18", "close": 16.6, "volume": 53000, "typical_volume": 148550.0, "trend": 17.479444, "fair_value": 15.83906, "relative_strength": -8.454308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.751089, "energy": 39.85533, "activity_lines": [ 16.726667, 16.850909, 17.030977, 17.258329 ] }, { "date": "2023-08-25", "close": 16.549999, "volume": 88000, "typical_volume": 151050.0, "trend": 17.465043, "fair_value": 15.882054, "relative_strength": -9.208513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.805187, "energy": 48.763178, "activity_lines": [ 16.603333, 16.783636, 16.962143, 17.198365 ] }, { "date": "2023-09-01", "close": 16.6, "volume": 67000, "typical_volume": 144700.0, "trend": 17.436496, "fair_value": 15.926201, "relative_strength": -9.736436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.447668, "energy": 47.150229, "activity_lines": [ 16.573333, 16.734545, 16.906905, 17.142556 ] }, { "date": "2023-09-08", "close": 16.700001, "volume": 126000, "typical_volume": 142600.0, "trend": 17.404957, "fair_value": 15.9696, "relative_strength": -8.679649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.902554, "energy": 32.83028, "activity_lines": [ 16.61, 16.708182, 16.870952, 17.09504 ] }, { "date": "2023-09-15", "close": 16.5, "volume": 481000, "typical_volume": 163150.0, "trend": 17.384145, "fair_value": 16.008937, "relative_strength": -11.228808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.608755, "energy": 30.621535, "activity_lines": [ 16.586667, 16.654545, 16.819524, 17.036656 ] }, { "date": "2023-09-22", "close": 16.200001, "volume": 121000, "typical_volume": 162000.0, "trend": 17.30906, "fair_value": 16.040792, "relative_strength": -9.57435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.654955, "energy": 32.907252, "activity_lines": [ 16.456667, 16.554546, 16.743095, 16.960259 ] }, { "date": "2023-09-29", "close": 16.4, "volume": 81000, "typical_volume": 164200.0, "trend": 17.229573, "fair_value": 16.075875, "relative_strength": -8.317816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.928589, "energy": 30.315239, "activity_lines": [ 16.42, 16.497273, 16.694286, 16.90161 ] }, { "date": "2023-10-06", "close": 16.450001, "volume": 71000, "typical_volume": 166350.0, "trend": 17.161239, "fair_value": 16.114336, "relative_strength": -8.647982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.476571, "energy": 29.060643, "activity_lines": [ 16.410001, 16.472728, 16.655238, 16.851315 ] }, { "date": "2023-10-13", "close": 16.25, "volume": 70000, "typical_volume": 161600.0, "trend": 17.108376, "fair_value": 16.152627, "relative_strength": -10.893649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.670237, "energy": 31.066199, "activity_lines": [ 16.343334, 16.423637, 16.602619, 16.792526 ] }, { "date": "2023-10-20", "close": 15.95, "volume": 104000, "typical_volume": 163250.0, "trend": 17.043932, "fair_value": 16.19094, "relative_strength": -10.379097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.234954, "energy": 36.832864, "activity_lines": [ 16.206667, 16.33, 16.526429, 16.717792 ] }, { "date": "2023-10-27", "close": 16.15, "volume": 94000, "typical_volume": 162700.0, "trend": 16.973504, "fair_value": 16.228867, "relative_strength": -7.250176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.147703, "energy": 37.999499, "activity_lines": [ 16.173333, 16.280909, 16.475, 16.660119 ] }, { "date": "2023-11-03", "close": 16.1, "volume": 177000, "typical_volume": 163350.0, "trend": 16.896667, "fair_value": 16.264807, "relative_strength": -9.30871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.829047, "energy": 42.095114, "activity_lines": [ 16.126667, 16.230909, 16.422857, 16.603764 ] }, { "date": "2023-11-10", "close": 16.0, "volume": 107000, "typical_volume": 166250.0, "trend": 16.808333, "fair_value": 16.294546, "relative_strength": -10.446552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.03005, "energy": 48.499207, "activity_lines": [ 16.066667, 16.170909, 16.365714, 16.545914 ] }, { "date": "2023-11-17", "close": 16.049999, "volume": 111000, "typical_volume": 167250.0, "trend": 16.761667, "fair_value": 16.321826, "relative_strength": -12.65587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.971802, "energy": 40.900216, "activity_lines": [ 16.053333, 16.130909, 16.317381, 16.496989 ] }, { "date": "2023-11-24", "close": 17.5, "volume": 238000, "typical_volume": 172100.0, "trend": 16.77, "fair_value": 16.361458, "relative_strength": -5.004451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.868063, "energy": 7.877327, "activity_lines": [ 16.536666, 16.366364, 16.412619, 16.544624 ] }, { "date": "2023-12-01", "close": 16.15, "volume": 397000, "typical_volume": 181600.0, "trend": 16.708333, "fair_value": 16.392715, "relative_strength": -12.821427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.881349, "energy": 18.327197, "activity_lines": [ 16.466666, 16.338182, 16.376667, 16.504624 ] }, { "date": "2023-12-08", "close": 16.049999, "volume": 83000, "typical_volume": 166800.0, "trend": 16.661667, "fair_value": 16.423052, "relative_strength": -12.827211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.494295, "energy": 19.383542, "activity_lines": [ 16.363333, 16.292727, 16.333095, 16.46215 ] }, { "date": "2023-12-15", "close": 16.6, "volume": 489000, "typical_volume": 170550.0, "trend": 16.628333, "fair_value": 16.457194, "relative_strength": -11.074832, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.894652, "energy": 12.235395, "activity_lines": [ 16.446666, 16.353636, 16.349762, 16.458172 ] }, { "date": "2023-12-22", "close": 16.799999, "volume": 375000, "typical_volume": 184050.0, "trend": 16.611667, "fair_value": 16.490671, "relative_strength": -9.330358, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.048651, "energy": 4.923907, "activity_lines": [ 16.556666, 16.448181, 16.387857, 16.469247 ] }, { "date": "2023-12-29", "close": 16.450001, "volume": 209000, "typical_volume": 177100.0, "trend": 16.588333, "fair_value": 16.523851, "relative_strength": -12.475522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.536597, "energy": 7.787812, "activity_lines": [ 16.5, 16.469091, 16.392619, 16.458817 ] }, { "date": "2024-01-05", "close": 16.450001, "volume": 115000, "typical_volume": 180200.0, "trend": 16.57, "fair_value": 16.558142, "relative_strength": -9.974665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.168134, "energy": 10.506371, "activity_lines": [ 16.513334, 16.480909, 16.397143, 16.449893 ] }, { "date": "2024-01-12", "close": 16.4, "volume": 154000, "typical_volume": 183500.0, "trend": 16.548333, "fair_value": 16.581829, "relative_strength": -9.813991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.042318, "energy": 8.093043, "activity_lines": [ 16.49, 16.478182, 16.397619, 16.438925 ] }, { "date": "2024-01-19", "close": 16.299999, "volume": 167000, "typical_volume": 188500.0, "trend": 16.53, "fair_value": 16.604318, "relative_strength": -10.812574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.856279, "energy": 12.730713, "activity_lines": [ 16.41, 16.451818, 16.389286, 16.422903 ] }, { "date": "2024-01-26", "close": 16.299999, "volume": 151000, "typical_volume": 189750.0, "trend": 16.5, "fair_value": 16.628198, "relative_strength": -11.987459, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.406794, "energy": 14.383875, "activity_lines": [ 16.35, 16.42, 16.382381, 16.408064 ] }, { "date": "2024-02-02", "close": 16.200001, "volume": 121000, "typical_volume": 171750.0, "trend": 16.475, "fair_value": 16.65227, "relative_strength": -12.479024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.003186, "energy": 21.401037, "activity_lines": [ 16.29, 16.365455, 16.367857, 16.38871 ] }, { "date": "2024-02-09", "close": 16.1, "volume": 25000, "typical_volume": 166950.0, "trend": 16.46, "fair_value": 16.677647, "relative_strength": -12.796314, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.474274, "energy": 27.197689, "activity_lines": [ 16.213333, 16.316364, 16.345238, 16.364516 ] }, { "date": "2024-02-16", "close": 16.200001, "volume": 86000, "typical_volume": 167200.0, "trend": 16.41, "fair_value": 16.704498, "relative_strength": -14.284539, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.052285, "energy": 27.778927, "activity_lines": [ 16.193334, 16.286364, 16.332619, 16.347742 ] }, { "date": "2024-02-23", "close": 16.049999, "volume": 156000, "typical_volume": 171450.0, "trend": 16.375, "fair_value": 16.730389, "relative_strength": -15.802948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.220997, "energy": 34.471515, "activity_lines": [ 16.136667, 16.226364, 16.306667, 16.324516 ] }, { "date": "2024-03-01", "close": 15.9, "volume": 149000, "typical_volume": 175400.0, "trend": 16.345, "fair_value": 16.754761, "relative_strength": -16.214838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.084145, "energy": 41.625228, "activity_lines": [ 16.046667, 16.149091, 16.268333, 16.293871 ] }, { "date": "2024-03-08", "close": 15.9, "volume": 305000, "typical_volume": 185450.0, "trend": 16.328333, "fair_value": 16.779968, "relative_strength": -19.2104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.077334, "energy": 40.391673, "activity_lines": [ 15.983333, 16.088182, 16.231667, 16.265161 ] }, { "date": "2024-03-15", "close": 15.45, "volume": 528000, "typical_volume": 207150.0, "trend": 16.29, "fair_value": 16.802568, "relative_strength": -20.519423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.749935, "energy": 58.864985, "activity_lines": [ 15.79, 15.955455, 16.152381, 16.208495 ] }, { "date": "2024-03-22", "close": 15.2, "volume": 153000, "typical_volume": 205950.0, "trend": 16.245, "fair_value": 16.821898, "relative_strength": -23.360283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.029339, "energy": 71.632644, "activity_lines": [ 15.556667, 15.795455, 16.052619, 16.138172 ] }, { "date": "2024-03-29", "close": 15.1, "volume": 185000, "typical_volume": 209850.0, "trend": 16.195, "fair_value": 16.84142, "relative_strength": -23.501678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.330837, "energy": 78.712492, "activity_lines": [ 15.356667, 15.639091, 15.947619, 16.064301 ] }, { "date": "2024-04-05", "close": 15.0, "volume": 62000, "typical_volume": 207400.0, "trend": 16.138333, "fair_value": 16.856966, "relative_strength": -23.527452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.50111, "energy": 83.194036, "activity_lines": [ 15.186667, 15.486364, 15.837381, 15.987204 ] }, { "date": "2024-04-12", "close": 15.2, "volume": 350000, "typical_volume": 213000.0, "trend": 16.095, "fair_value": 16.874906, "relative_strength": -23.329497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.516566, "energy": 77.766352, "activity_lines": [ 15.143333, 15.393636, 15.75119, 15.926667 ] }, { "date": "2024-04-19", "close": 15.05, "volume": 113000, "typical_volume": 198800.0, "trend": 16.056667, "fair_value": 16.885492, "relative_strength": -18.816519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.709484, "energy": 75.935781, "activity_lines": [ 15.096667, 15.291818, 15.661667, 15.859247 ] }, { "date": "2024-04-26", "close": 15.05, "volume": 183000, "typical_volume": 203800.0, "trend": 16.011667, "fair_value": 16.885514, "relative_strength": -20.633196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.964014, "energy": 65.760673, "activity_lines": [ 15.076667, 15.209091, 15.577381, 15.794301 ] }, { "date": "2024-05-03", "close": 15.0, "volume": 90000, "typical_volume": 183850.0, "trend": 15.963333, "fair_value": 16.883883, "relative_strength": -21.046073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.355745, "energy": 53.997704, "activity_lines": [ 15.05, 15.138182, 15.493095, 15.729032 ] }, { "date": "2024-05-10", "close": 15.0, "volume": 142000, "typical_volume": 172200.0, "trend": 15.921667, "fair_value": 16.882537, "relative_strength": -21.843754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.986516, "energy": 52.765261, "activity_lines": [ 15.03, 15.086364, 15.416429, 15.666882 ] }, { "date": "2024-05-17", "close": 15.05, "volume": 198000, "typical_volume": 171650.0, "trend": 15.891667, "fair_value": 16.881226, "relative_strength": -23.003303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.580784, "energy": 48.212149, "activity_lines": [ 15.026667, 15.06, 15.353095, 15.610645 ] }, { "date": "2024-05-24", "close": 15.0, "volume": 271000, "typical_volume": 179450.0, "trend": 15.853333, "fair_value": 16.887028, "relative_strength": -23.789068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.877183, "energy": 46.465566, "activity_lines": [ 15.016667, 15.04, 15.291667, 15.553118 ] }, { "date": "2024-05-31", "close": 16.200001, "volume": 111000, "typical_volume": 177300.0, "trend": 15.856667, "fair_value": 16.89509, "relative_strength": -15.707498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.434733, "energy": 13.12809, "activity_lines": [ 15.41, 15.246364, 15.351429, 15.575484 ] }, { "date": "2024-06-07", "close": 15.05, "volume": 174000, "typical_volume": 177650.0, "trend": 15.825, "fair_value": 16.896925, "relative_strength": -23.62737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.531444, "energy": 23.210873, "activity_lines": [ 15.343334, 15.225455, 15.302619, 15.523441 ] }, { "date": "2024-06-14", "close": 15.25, "volume": 182000, "typical_volume": 179200.0, "trend": 15.798333, "fair_value": 16.902614, "relative_strength": -24.337049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.806906, "energy": 19.674574, "activity_lines": [ 15.34, 15.241818, 15.27881, 15.486344 ] }, { "date": "2024-06-21", "close": 15.05, "volume": 316000, "typical_volume": 188950.0, "trend": 15.716667, "fair_value": 16.907593, "relative_strength": -27.214111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.840703, "energy": 21.865983, "activity_lines": [ 15.253333, 15.217273, 15.240952, 15.438065 ] }, { "date": "2024-06-28", "close": 15.0, "volume": 329000, "typical_volume": 204150.0, "trend": 15.678333, "fair_value": 16.912538, "relative_strength": -26.175762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.381701, "energy": 34.758107, "activity_lines": [ 15.15, 15.186364, 15.20381, 15.391828 ] }, { "date": "2024-07-05", "close": 15.1, "volume": 171000, "typical_volume": 208400.0, "trend": 15.646667, "fair_value": 16.907544, "relative_strength": -26.737066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.716735, "energy": 32.501356, "activity_lines": [ 15.08, 15.174546, 15.181429, 15.354516 ] }, { "date": "2024-07-12", "close": 15.1, "volume": 198000, "typical_volume": 210500.0, "trend": 15.596667, "fair_value": 16.88997, "relative_strength": -27.319778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.991021, "energy": 35.906063, "activity_lines": [ 15.083333, 15.161818, 15.164286, 15.319247 ] }, { "date": "2024-07-19", "close": 15.1, "volume": 170000, "typical_volume": 211550.0, "trend": 15.54, "fair_value": 16.87211, "relative_strength": -23.347016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.117734, "energy": 30.717368, "activity_lines": [ 15.083333, 15.147273, 15.151667, 15.287204 ] }, { "date": "2024-07-26", "close": 15.0, "volume": 91000, "typical_volume": 200850.0, "trend": 15.491667, "fair_value": 16.853323, "relative_strength": -20.722701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.589722, "energy": 29.213287, "activity_lines": [ 15.06, 15.112727, 15.133333, 15.252366 ] }, { "date": "2024-08-02", "close": 15.0, "volume": 83000, "typical_volume": 178600.0, "trend": 15.443333, "fair_value": 16.831677, "relative_strength": -18.401968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.923728, "energy": 27.35636, "activity_lines": [ 15.04, 15.079091, 15.119286, 15.220645 ] }, { "date": "2024-08-09", "close": 14.7, "volume": 146000, "typical_volume": 178250.0, "trend": 15.386667, "fair_value": 16.811825, "relative_strength": -18.847196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.152289, "energy": 34.88724, "activity_lines": [ 14.92, 14.990909, 15.07881, 15.172688 ] }, { "date": "2024-08-16", "close": 15.0, "volume": 125000, "typical_volume": 175250.0, "trend": 15.343333, "fair_value": 16.796469, "relative_strength": -19.827529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.455385, "energy": 29.65801, "activity_lines": [ 14.926667, 14.984545, 15.069286, 15.147742 ] }, { "date": "2024-08-23", "close": 15.0, "volume": 77000, "typical_volume": 176000.0, "trend": 15.3, "fair_value": 16.790834, "relative_strength": -18.523035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.092334, "energy": 27.108877, "activity_lines": [ 14.94, 14.979091, 15.060238, 15.125591 ] }, { "date": "2024-08-30", "close": 14.95, "volume": 101000, "typical_volume": 163550.0, "trend": 15.258333, "fair_value": 16.785451, "relative_strength": -18.581683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.492519, "energy": 27.627213, "activity_lines": [ 14.943333, 14.969091, 15.046429, 15.103011 ] }, { "date": "2024-09-06", "close": 14.95, "volume": 100000, "typical_volume": 162900.0, "trend": 15.22, "fair_value": 16.776351, "relative_strength": -14.802023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.262854, "energy": 22.219268, "activity_lines": [ 14.95, 14.960909, 15.03381, 15.083118 ] }, { "date": "2024-09-13", "close": 15.05, "volume": 78000, "typical_volume": 157650.0, "trend": 15.181667, "fair_value": 16.764746, "relative_strength": -14.944621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.487283, "energy": 15.224321, "activity_lines": [ 14.993333, 14.971818, 15.031191, 15.072151 ] }, { "date": "2024-09-20", "close": 15.05, "volume": 53000, "typical_volume": 155800.0, "trend": 15.148333, "fair_value": 16.753428, "relative_strength": -15.85825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.652584, "energy": 12.781375, "activity_lines": [ 15.013333, 14.983636, 15.028571, 15.063656 ] }, { "date": "2024-09-27", "close": 16.549999, "volume": 981000, "typical_volume": 197750.0, "trend": 15.17, "fair_value": 16.743719, "relative_strength": -9.563167, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.082205, "energy": 53.185767, "activity_lines": [ 15.53, 15.269091, 15.168571, 15.154086 ] }, { "date": "2024-10-04", "close": 16.299999, "volume": 499000, "typical_volume": 212800.0, "trend": 15.183333, "fair_value": 16.737268, "relative_strength": -8.269506, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 75.548242, "energy": 74.300628, "activity_lines": [ 15.859999, 15.482727, 15.277381, 15.226989 ] }, { "date": "2024-10-11", "close": 15.8, "volume": 329000, "typical_volume": 215700.0, "trend": 15.195, "fair_value": 16.731044, "relative_strength": -12.822973, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.342727, "energy": 67.977747, "activity_lines": [ 15.933333, 15.581818, 15.332619, 15.266774 ] }, { "date": "2024-10-18", "close": 15.8, "volume": 176000, "typical_volume": 218950.0, "trend": 15.215, "fair_value": 16.722817, "relative_strength": -14.377758, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.224315, "energy": 67.213382, "activity_lines": [ 15.95, 15.666363, 15.384047, 15.305806 ] }, { "date": "2024-10-25", "close": 16.049999, "volume": 137000, "typical_volume": 217100.0, "trend": 15.246667, "fair_value": 16.722198, "relative_strength": -11.829177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.102119, "energy": 51.817039, "activity_lines": [ 15.999999, 15.776363, 15.46119, 15.359677 ] }, { "date": "2024-11-01", "close": 16.1, "volume": 324000, "typical_volume": 224200.0, "trend": 15.283333, "fair_value": 16.721613, "relative_strength": -8.743265, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.568993, "energy": 38.57918, "activity_lines": [ 16.0, 15.876363, 15.538333, 15.414731 ] }, { "date": "2024-11-08", "close": 16.200001, "volume": 290000, "typical_volume": 222900.0, "trend": 15.316667, "fair_value": 16.72024, "relative_strength": -10.590803, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.559913, "energy": 38.68868, "activity_lines": [ 16.063333, 15.974545, 15.620952, 15.473871 ] }, { "date": "2024-11-15", "close": 14.55, "volume": 503000, "typical_volume": 231600.0, "trend": 15.3, "fair_value": 16.712007, "relative_strength": -16.219863, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.065219, "energy": 8.000163, "activity_lines": [ 15.583333, 15.75, 15.540952, 15.424409 ] }, { "date": "2024-11-22", "close": 14.7, "volume": 114070, "typical_volume": 228753.5, "trend": 15.288333, "fair_value": 16.703019, "relative_strength": -15.161588, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.919256, "energy": 13.899862, "activity_lines": [ 15.236667, 15.56, 15.477381, 15.385699 ] }, { "date": "2024-11-29", "close": 14.85, "volume": 197000, "typical_volume": 228703.5, "trend": 15.283333, "fair_value": 16.693564, "relative_strength": -11.2405, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.00513, "energy": 21.461173, "activity_lines": [ 15.013333, 15.403636, 15.43, 15.357419 ] }, { "date": "2024-12-06", "close": 14.85, "volume": 80000, "typical_volume": 224203.5, "trend": 15.278333, "fair_value": 16.685253, "relative_strength": -14.181047, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.364307, "energy": 26.613582, "activity_lines": [ 14.87, 15.250909, 15.383809, 15.329462 ] }, { "date": "2024-12-13", "close": 14.9, "volume": 70000, "typical_volume": 223153.5, "trend": 15.273333, "fair_value": 16.678119, "relative_strength": -12.587885, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.3752, "energy": 30.953228, "activity_lines": [ 14.826667, 15.138182, 15.343571, 15.305054 ] }, { "date": "2024-12-20", "close": 14.55, "volume": 22000, "typical_volume": 220103.5, "trend": 15.258333, "fair_value": 16.667884, "relative_strength": -12.001667, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.768817, "energy": 30.925653, "activity_lines": [ 14.753333, 14.987273, 15.270476, 15.258387 ] }, { "date": "2024-12-27", "close": 14.8, "volume": 44000, "typical_volume": 215003.5, "trend": 15.211667, "fair_value": 16.657537, "relative_strength": -12.790382, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.639271, "energy": 28.399846, "activity_lines": [ 14.763333, 14.904545, 15.223333, 15.228817 ] }, { "date": "2025-01-03", "close": 14.7, "volume": 40000, "typical_volume": 210753.5, "trend": 15.2, "fair_value": 16.64712, "relative_strength": -11.294972, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.816387, "energy": 35.058555, "activity_lines": [ 14.733333, 14.821818, 15.16619, 15.195806 ] }, { "date": "2025-01-10", "close": 15.1, "volume": 29000, "typical_volume": 208353.5, "trend": 15.195, "fair_value": 16.638124, "relative_strength": -8.610361, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -41.198354, "energy": 24.696259, "activity_lines": [ 14.846667, 14.836364, 15.148571, 15.189355 ] }, { "date": "2025-01-17", "close": 15.1, "volume": 55000, "typical_volume": 206053.5, "trend": 15.196667, "fair_value": 16.631986, "relative_strength": -8.487504, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.391727, "energy": 18.175537, "activity_lines": [ 14.943333, 14.869091, 15.130476, 15.183226 ] }, { "date": "2025-01-24", "close": 14.9, "volume": 20000, "typical_volume": 202053.5, "trend": 15.193333, "fair_value": 16.624567, "relative_strength": -10.490026, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.728811, "energy": 15.774253, "activity_lines": [ 14.96, 14.885455, 15.092619, 15.164086 ] }, { "date": "2025-02-07", "close": 15.1, "volume": 55000, "typical_volume": 200903.5, "trend": 15.193333, "fair_value": 16.619002, "relative_strength": -8.474931, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.484686, "energy": 16.353773, "activity_lines": [ 15.02, 14.931818, 15.074048, 15.158064 ] }, { "date": "2025-02-14", "close": 15.15, "volume": 165000, "typical_volume": 206503.5, "trend": 15.195, "fair_value": 16.612899, "relative_strength": -6.276597, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.118329, "energy": 15.428935, "activity_lines": [ 15.076667, 14.98, 15.06, 15.155269 ] }, { "date": "2025-02-21", "close": 15.2, "volume": 45000, "typical_volume": 159703.5, "trend": 15.198333, "fair_value": 16.603972, "relative_strength": -7.671054, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.840041, "energy": 13.622256, "activity_lines": [ 15.12, 15.031818, 15.050238, 15.155591 ] }, { "date": "2025-02-28", "close": 15.2, "volume": 45026, "typical_volume": 137004.8, "trend": 15.205, "fair_value": 16.594187, "relative_strength": -4.455224, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.229857, "energy": 10.568128, "activity_lines": [ 15.156667, 15.077273, 15.046905, 15.155699 ] }, { "date": "2025-03-07", "close": 15.0, "volume": 25000, "typical_volume": 121804.8, "trend": 15.205, "fair_value": 16.583977, "relative_strength": -3.247253, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.202546, "energy": 10.70143, "activity_lines": [ 15.12, 15.080909, 15.029762, 15.142473 ] }, { "date": "2025-03-14", "close": 14.95, "volume": 24008, "typical_volume": 114205.2, "trend": 15.213333, "fair_value": 16.569445, "relative_strength": -0.558038, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.451096, "energy": 12.933565, "activity_lines": [ 15.06, 15.067273, 15.011667, 15.126021 ] }, { "date": "2025-03-21", "close": 14.9, "volume": 46001, "typical_volume": 109655.25, "trend": 15.21, "fair_value": 16.51542, "relative_strength": -1.651076, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.847106, "energy": 18.117359, "activity_lines": [ 14.993333, 15.041818, 14.992857, 15.105806 ] }, { "date": "2025-03-28", "close": 14.8, "volume": 85000, "typical_volume": 97705.25, "trend": 15.203333, "fair_value": 16.461326, "relative_strength": 0.618289, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.645799, "energy": 31.113591, "activity_lines": [ 14.91, 14.994545, 14.97, 15.079355 ] }, { "date": "2025-04-04", "close": 14.35, "volume": 35300, "typical_volume": 84970.25, "trend": 15.183333, "fair_value": 16.391767, "relative_strength": -0.848661, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.102253, "energy": 58.152235, "activity_lines": [ 14.703333, 14.870909, 14.910476, 15.024301 ] }, { "date": "2025-04-11", "close": 13.3, "volume": 106010, "typical_volume": 65120.75, "trend": 15.128333, "fair_value": 16.332633, "relative_strength": 0.383373, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.526294, "energy": 76.039501, "activity_lines": [ 14.203333, 14.57, 14.759762, 14.902796 ] }, { "date": "2025-04-18", "close": 13.45, "volume": 24000, "typical_volume": 60617.25, "trend": 15.075, "fair_value": 16.257591, "relative_strength": 2.33018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.249549, "energy": 81.383083, "activity_lines": [ 13.866667, 14.325455, 14.629286, 14.794516 ] }, { "date": "2025-04-25", "close": 12.9, "volume": 48039, "typical_volume": 53169.2, "trend": 15.003333, "fair_value": 16.177021, "relative_strength": -3.881904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.114339, "energy": 88.32635, "activity_lines": [ 13.446667, 14.010909, 14.452381, 14.654194 ] }, { "date": "2025-05-02", "close": 13.55, "volume": 68000, "typical_volume": 52569.2, "trend": 14.903333, "fair_value": 16.110626, "relative_strength": -3.217254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.7136, "energy": 78.018664, "activity_lines": [ 13.376667, 13.855455, 14.346667, 14.56043 ] }, { "date": "2025-05-09", "close": 13.95, "volume": 68031, "typical_volume": 52470.75, "trend": 14.825, "fair_value": 16.057088, "relative_strength": -0.766433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.961467, "energy": 59.826004, "activity_lines": [ 13.523333, 13.802727, 14.285238, 14.498925 ] }, { "date": "2025-05-16", "close": 14.15, "volume": 77011, "typical_volume": 55221.3, "trend": 14.77, "fair_value": 16.006833, "relative_strength": -3.411441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.17753, "energy": 39.71442, "activity_lines": [ 13.763333, 13.809091, 14.247381, 14.455376 ] }, { "date": "2025-05-23", "close": 14.0, "volume": 34000, "typical_volume": 54721.3, "trend": 14.71, "fair_value": 15.975059, "relative_strength": -3.420414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.941068, "energy": 23.544681, "activity_lines": [ 13.896667, 13.803636, 14.197143, 14.405699 ] }, { "date": "2025-05-30", "close": 14.25, "volume": 31000, "typical_volume": 54271.3, "trend": 14.65, "fair_value": 15.942601, "relative_strength": -0.211191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.25809, "energy": 20.792589, "activity_lines": [ 14.076667, 13.860909, 14.174524, 14.376022 ] }, { "date": "2025-06-06", "close": 12.95, "volume": 124000, "typical_volume": 59021.3, "trend": 14.545, "fair_value": 15.907242, "relative_strength": -10.194931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.065774, "energy": 28.862381, "activity_lines": [ 13.733333, 13.693636, 14.030238, 14.266344 ] }, { "date": "2025-06-13", "close": 13.6, "volume": 46000, "typical_volume": 58571.3, "trend": 14.458333, "fair_value": 15.874334, "relative_strength": -7.255032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.627936, "energy": 29.728678, "activity_lines": [ 13.646667, 13.678182, 13.958095, 14.205376 ] }, { "date": "2025-06-20", "close": 14.0, "volume": 55187, "typical_volume": 60330.65, "trend": 14.44, "fair_value": 15.844848, "relative_strength": -4.291404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.338523, "energy": 26.774822, "activity_lines": [ 13.716667, 13.749091, 13.93119, 14.175806 ] }, { "date": "2025-06-27", "close": 13.85, "volume": 57100, "typical_volume": 60435.65, "trend": 14.411667, "fair_value": 15.829554, "relative_strength": -7.466687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.68979, "energy": 27.079704, "activity_lines": [ 13.746667, 13.78, 13.894286, 14.137742 ] }, { "date": "2025-07-04", "close": 13.9, "volume": 36100, "typical_volume": 53990.65, "trend": 14.38, "fair_value": 15.821729, "relative_strength": -6.904495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.439776, "energy": 18.645351, "activity_lines": [ 13.803333, 13.812727, 13.868095, 14.104731 ] }, { "date": "2025-07-11", "close": 14.25, "volume": 84000, "typical_volume": 55940.65, "trend": 14.36, "fair_value": 15.820028, "relative_strength": -5.373863, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.084746, "energy": 10.754284, "activity_lines": [ 14.0, 13.890909, 13.88119, 14.096344 ] }, { "date": "2025-07-18", "close": 14.15, "volume": 88010, "typical_volume": 58089.85, "trend": 14.335, "fair_value": 15.817686, "relative_strength": -8.508242, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.391057, "energy": 10.210417, "activity_lines": [ 14.076667, 13.938182, 13.889286, 14.082796 ] }, { "date": "2025-07-25", "close": 14.2, "volume": 24000, "typical_volume": 58039.85, "trend": 14.323333, "fair_value": 15.819921, "relative_strength": -7.970757, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.822355, "energy": 10.4589, "activity_lines": [ 14.133333, 13.990909, 13.907143, 14.074086 ] }, { "date": "2025-08-01", "close": 14.0, "volume": 33000, "typical_volume": 58489.45, "trend": 14.296667, "fair_value": 15.814489, "relative_strength": -9.324804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.527138, "energy": 11.073265, "activity_lines": [ 14.11, 14.006364, 13.909762, 14.053226 ] }, { "date": "2025-08-08", "close": 14.15, "volume": 21000, "typical_volume": 57239.4, "trend": 14.278333, "fair_value": 15.812451, "relative_strength": -10.319711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.684139, "energy": 9.419441, "activity_lines": [ 14.126667, 14.049091, 13.93119, 14.043763 ] }, { "date": "2025-08-15", "close": 13.85, "volume": 88001, "typical_volume": 57389.45, "trend": 14.236667, "fair_value": 15.801192, "relative_strength": -13.056757, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.040936, "energy": 10.142452, "activity_lines": [ 14.026667, 14.039091, 13.927619, 14.016129 ] }, { "date": "2025-08-22", "close": 13.75, "volume": 43000, "typical_volume": 57774.45, "trend": 14.191667, "fair_value": 15.785643, "relative_strength": -11.373157, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.744371, "energy": 15.475198, "activity_lines": [ 13.92, 13.994545, 13.919048, 13.984731 ] }, { "date": "2025-08-29", "close": 13.8, "volume": 21000, "typical_volume": 53523.95, "trend": 14.155, "fair_value": 15.77011, "relative_strength": -12.493948, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.357344, "energy": 17.398822, "activity_lines": [ 13.856667, 13.956364, 13.918095, 13.959462 ] }, { "date": "2025-09-05", "close": 13.8, "volume": 45000, "typical_volume": 54573.95, "trend": 14.111667, "fair_value": 15.755186, "relative_strength": -13.150969, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.572725, "energy": 21.118332, "activity_lines": [ 13.82, 13.921818, 13.914762, 13.936559 ] }, { "date": "2025-09-12", "close": 13.5, "volume": 49290, "typical_volume": 54636.5, "trend": 14.056667, "fair_value": 15.738946, "relative_strength": -17.899909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.288631, "energy": 39.127369, "activity_lines": [ 13.696667, 13.833636, 13.88119, 13.897097 ] }, { "date": "2025-09-19", "close": 13.4, "volume": 54000, "typical_volume": 53936.5, "trend": 13.996667, "fair_value": 15.710511, "relative_strength": -18.430828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.391827, "energy": 49.876498, "activity_lines": [ 13.583333, 13.734545, 13.835238, 13.854731 ] }, { "date": "2025-09-26", "close": 13.2, "volume": 59000, "typical_volume": 53484.95, "trend": 13.93, "fair_value": 15.691132, "relative_strength": -19.259986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.436561, "energy": 59.876114, "activity_lines": [ 13.433333, 13.614545, 13.770952, 13.803333 ] }, { "date": "2025-10-03", "close": 13.0, "volume": 29000, "typical_volume": 51084.4, "trend": 13.863333, "fair_value": 15.672904, "relative_strength": -23.44029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.59665, "energy": 68.456296, "activity_lines": [ 13.253333, 13.475455, 13.69119, 13.743333 ] }, { "date": "2025-10-10", "close": 13.25, "volume": 4000, "typical_volume": 49584.4, "trend": 13.806667, "fair_value": 15.655062, "relative_strength": -22.940365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.834642, "energy": 63.858371, "activity_lines": [ 13.21, 13.403636, 13.640714, 13.703763 ] }, { "date": "2025-10-17", "close": 13.05, "volume": 741000, "typical_volume": 85084.4, "trend": 13.745, "fair_value": 15.638371, "relative_strength": -23.610444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.988071, "energy": 61.065449, "activity_lines": [ 13.136667, 13.309091, 13.574762, 13.654946 ] }, { "date": "2025-10-24", "close": 13.05, "volume": 302000, "typical_volume": 93984.4, "trend": 13.686667, "fair_value": 15.622288, "relative_strength": -23.782802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.260745, "energy": 52.267458, "activity_lines": [ 13.093333, 13.234545, 13.514524, 13.610108 ] }, { "date": "2025-10-31", "close": 12.9, "volume": 463000, "typical_volume": 114834.4, "trend": 13.638333, "fair_value": 15.608588, "relative_strength": -26.002283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.529342, "energy": 42.269118, "activity_lines": [ 13.023333, 13.147273, 13.439524, 13.559355 ] }, { "date": "2025-11-07", "close": 12.4, "volume": 259010, "typical_volume": 125025.55, "trend": 13.608333, "fair_value": 15.591987, "relative_strength": -26.784408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.787041, "energy": 57.361178, "activity_lines": [ 12.806667, 12.984545, 13.320238, 13.479462 ] }, { "date": "2025-11-14", "close": 12.2, "volume": 504015, "typical_volume": 147371.3, "trend": 13.566667, "fair_value": 15.570759, "relative_strength": -26.739945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.86723, "energy": 71.670399, "activity_lines": [ 12.563333, 12.810909, 13.189524, 13.388602 ] }, { "date": "2025-11-21", "close": 11.8, "volume": 263000, "typical_volume": 158716.3, "trend": 13.53, "fair_value": 15.54788, "relative_strength": -26.109708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.098584, "energy": 83.236682, "activity_lines": [ 12.256667, 12.593636, 13.028571, 13.274624 ] }, { "date": "2025-11-28", "close": 11.9, "volume": 787067, "typical_volume": 193869.65, "trend": 13.475, "fair_value": 15.519559, "relative_strength": -28.215156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.440161, "energy": 81.335421, "activity_lines": [ 12.066667, 12.425455, 12.887143, 13.169462 ] }, { "date": "2025-12-05", "close": 11.55, "volume": 272000, "typical_volume": 203069.15, "trend": 13.395, "fair_value": 15.489604, "relative_strength": -30.643812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.65898, "energy": 85.965199, "activity_lines": [ 11.836667, 12.220909, 12.723571, 13.045269 ] }, { "date": "2025-12-12", "close": 11.35, "volume": 437000, "typical_volume": 223719.15, "trend": 13.301667, "fair_value": 15.457758, "relative_strength": -31.845997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.223232, "energy": 85.021961, "activity_lines": [ 11.63, 12.01, 12.553333, 12.913333 ] }, { "date": "2025-12-19", "close": 11.4, "volume": 37002, "typical_volume": 223919.25, "trend": 13.215, "fair_value": 15.428057, "relative_strength": -29.766934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.224158, "energy": 80.038662, "activity_lines": [ 11.51, 11.838182, 12.401429, 12.790645 ] }, { "date": "2025-12-26", "close": 11.2, "volume": 8000, "typical_volume": 223269.25, "trend": 13.113333, "fair_value": 15.39525, "relative_strength": -32.513508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.36621, "energy": 83.263317, "activity_lines": [ 11.376667, 11.663636, 12.242857, 12.660645 ] }, { "date": "2026-01-02", "close": 11.7, "volume": 31025, "typical_volume": 220420.45, "trend": 13.071667, "fair_value": 15.363519, "relative_strength": -30.864759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.522272, "energy": 59.946313, "activity_lines": [ 11.45, 11.613636, 12.145952, 12.569462 ] }, { "date": "2026-01-09", "close": 11.6, "volume": 362112, "typical_volume": 236376.05, "trend": 13.005, "fair_value": 15.328411, "relative_strength": -33.002891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.85788, "energy": 51.957999, "activity_lines": [ 11.503333, 11.57, 12.049762, 12.474516 ] }, { "date": "2026-01-16", "close": 11.85, "volume": 86002, "typical_volume": 239626.15, "trend": 12.933333, "fair_value": 15.295817, "relative_strength": -33.373817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.719648, "energy": 41.255193, "activity_lines": [ 11.636667, 11.595455, 11.987619, 12.4 ] }, { "date": "2026-01-23", "close": 12.3, "volume": 523001, "typical_volume": 263526.2, "trend": 12.881667, "fair_value": 15.263675, "relative_strength": -31.416845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.806279, "energy": 22.936309, "activity_lines": [ 11.886667, 11.712727, 11.977619, 12.35914 ] }, { "date": "2026-01-30", "close": 12.15, "volume": 285210, "typical_volume": 275322.2, "trend": 12.823333, "fair_value": 15.232701, "relative_strength": -31.875225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.598922, "energy": 22.785559, "activity_lines": [ 12.026667, 11.800909, 11.960476, 12.311935 ] }, { "date": "2026-02-06", "close": 12.05, "volume": 23000, "typical_volume": 273772.2, "trend": 12.75, "fair_value": 15.198044, "relative_strength": -31.211044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.775593, "energy": 22.83149, "activity_lines": [ 12.07, 11.864545, 11.940238, 12.262043 ] }, { "date": "2026-02-13", "close": 12.2, "volume": 75000, "typical_volume": 274572.2, "trend": 12.685, "fair_value": 15.163133, "relative_strength": -33.455946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.166791, "energy": 18.31597, "activity_lines": [ 12.14, 11.952727, 11.940714, 12.226559 ] }, { "date": "2026-02-27", "close": 12.15, "volume": 332000, "typical_volume": 289722.2, "trend": 12.616667, "fair_value": 15.131246, "relative_strength": -36.447077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.852647, "energy": 14.466207, "activity_lines": [ 12.153333, 12.02, 11.94119, 12.192043 ] }, { "date": "2026-03-06", "close": 12.25, "volume": 64000, "typical_volume": 292722.2, "trend": 12.558333, "fair_value": 15.091486, "relative_strength": -31.746125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.033849, "energy": 11.022196, "activity_lines": [ 12.18, 12.090909, 11.955238, 12.168387 ] }, { "date": "2026-03-13", "close": 12.2, "volume": 298000, "typical_volume": 270572.2, "trend": 12.493333, "fair_value": 15.049277, "relative_strength": -30.874788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.847175, "energy": 10.821778, "activity_lines": [ 12.193333, 12.137273, 11.969286, 12.145269 ] }, { "date": "2026-03-20", "close": 11.8, "volume": 585002, "typical_volume": 284722.3, "trend": 12.425, "fair_value": 15.006328, "relative_strength": -32.621167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.235315, "energy": 13.419041, "activity_lines": [ 12.07, 12.092727, 11.949286, 12.100538 ] }, { "date": "2026-03-27", "close": 11.65, "volume": 415035, "typical_volume": 282324.05, "trend": 12.355, "fair_value": 14.966675, "relative_strength": -31.80982, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.829108, "energy": 20.75803, "activity_lines": [ 11.913333, 12.019091, 11.920952, 12.050538 ] }, { "date": "2026-04-03", "close": 12.05, "volume": 313000, "typical_volume": 285023.55, "trend": 12.296667, "fair_value": 14.929282, "relative_strength": -27.446644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.893332, "energy": 16.571138, "activity_lines": [ 11.926667, 12.017273, 11.936667, 12.03086 ] }, { "date": "2026-04-10", "close": 11.65, "volume": 292000, "typical_volume": 274422.8, "trend": 12.225, "fair_value": 14.886892, "relative_strength": -34.640323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.026087, "energy": 24.556291, "activity_lines": [ 11.813333, 11.939091, 11.915952, 11.98914 ] }, { "date": "2026-04-17", "close": 11.75, "volume": 54112, "typical_volume": 263978.4, "trend": 12.166667, "fair_value": 14.844231, "relative_strength": -35.673389, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.094207, "energy": 27.981811, "activity_lines": [ 11.773333, 11.890909, 11.907381, 11.958495 ] }, { "date": "2026-04-24", "close": 11.5, "volume": 205013, "typical_volume": 234875.7, "trend": 12.103333, "fair_value": 14.798397, "relative_strength": -39.550901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.832063, "energy": 36.34905, "activity_lines": [ 11.68, 11.804545, 11.875238, 11.915484 ] }, { "date": "2026-05-01", "close": 11.6, "volume": 76090, "typical_volume": 225080.2, "trend": 12.05, "fair_value": 14.760897, "relative_strength": -38.161683, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.069569, "energy": 42.660349, "activity_lines": [ 11.64, 11.746364, 11.854524, 11.883011 ] }, { "date": "2026-05-08", "close": 12.8, "volume": 260004, "typical_volume": 216230.4, "trend": 12.043333, "fair_value": 14.732372, "relative_strength": -35.266647, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.662188, "energy": 3.606621, "activity_lines": [ 12.003333, 11.917273, 11.947857, 11.931398 ] }, { "date": "2026-05-15", "close": 12.85, "volume": 197050, "typical_volume": 224232.8, "trend": 12.03, "fair_value": 14.699359, "relative_strength": -33.375901, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.405878, "energy": 32.768034, "activity_lines": [ 12.333333, 12.085455, 12.039048, 11.983441 ] }, { "date": "2026-05-22", "close": 13.05, "volume": 381000, "typical_volume": 242882.8, "trend": 12.03, "fair_value": 14.671154, "relative_strength": -33.162509, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.541709, "energy": 59.53118, "activity_lines": [ 12.65, 12.279091, 12.142381, 12.049247 ] }, { "date": "2026-05-29", "close": 13.8, "volume": 222035, "typical_volume": 252433.3, "trend": 12.055, "fair_value": 14.646795, "relative_strength": -32.262569, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.000085, "energy": 76.889547, "activity_lines": [ 13.13, 12.593636, 12.308333, 12.163441 ] }, { "date": "2026-06-05", "close": 14.65, "volume": 339000, "typical_volume": 251277.7, "trend": 12.113333, "fair_value": 14.629808, "relative_strength": -27.582323, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.073871, "energy": 83.224557, "activity_lines": [ 13.74, 13.026364, 12.545238, 12.33086 ] }, { "date": "2026-06-12", "close": 14.15, "volume": 531030, "typical_volume": 273529.1, "trend": 12.171667, "fair_value": 14.610577, "relative_strength": -27.766855, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.768137, "energy": 76.942898, "activity_lines": [ 13.98, 13.313636, 12.72, 12.462258 ] }, { "date": "2026-06-19", "close": 13.4, "volume": 585000, "typical_volume": 276629.05, "trend": 12.211667, "fair_value": 14.5875, "relative_strength": -34.038387, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.39686, "energy": 67.30264, "activity_lines": [ 13.88, 13.426364, 12.812381, 12.541505 ] }, { "date": "2026-06-26", "close": 13.9, "volume": 41000, "typical_volume": 264418.55, "trend": 12.281667, "fair_value": 14.567308, "relative_strength": -27.641873, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.741275, "energy": 48.192399, "activity_lines": [ 13.91, 13.598182, 12.947143, 12.65043 ] }, { "date": "2026-07-03", "close": 14.0, "volume": 746070, "typical_volume": 300572.05, "trend": 12.351667, "fair_value": 14.549038, "relative_strength": -29.575434, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.293638, "energy": 40.907845, "activity_lines": [ 13.916667, 13.749091, 13.083095, 12.76129 ] }, { "date": "2026-07-10", "close": 13.3, "volume": 492000, "typical_volume": 321422.05, "trend": 12.41, "fair_value": 14.524038, "relative_strength": -29.968741, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.891254, "energy": 27.386326, "activity_lines": [ 13.676667, 13.727273, 13.143095, 12.822473 ] }, { "date": "2026-07-17", "close": 12.95, "volume": 936000, "typical_volume": 351622.05, "trend": 12.463333, "fair_value": 14.498397, "relative_strength": -26.432877, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.532615, "energy": 20.881518, "activity_lines": [ 13.41, 13.610909, 13.164524, 12.857312 ] }, { "date": "2026-07-24", "close": 12.75, "volume": 587143, "typical_volume": 377779.2, "trend": 12.508333, "fair_value": 14.474038, "relative_strength": -28.152376, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.280879, "energy": 16.384202, "activity_lines": [ 13.156667, 13.455455, 13.163095, 12.875806 ] }, { "date": "2026-07-31", "close": 11.7, "volume": 430000, "typical_volume": 384379.2, "trend": 12.525, "fair_value": 14.435577, "relative_strength": -32.171555, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.609937, "energy": 15.329811, "activity_lines": [ 12.596667, 13.110909, 13.059286, 12.823656 ] }, { "date": "2026-08-07", "close": 11.85, "volume": 807000, "typical_volume": 395479.1, "trend": 12.53, "fair_value": 14.401923, "relative_strength": -31.942272, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.653803, "energy": 26.802599, "activity_lines": [ 12.233333, 12.818182, 12.972143, 12.780108 ] }, { "date": "2026-08-14", "close": 12.35, "volume": 392338, "typical_volume": 394344.25, "trend": 12.555, "fair_value": 14.373397, "relative_strength": -30.439346, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.120375, "energy": 24.064573, "activity_lines": [ 12.18, 12.651818, 12.932381, 12.768495 ] } ], "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." } } }