{ "ticker": { "uuid": "06270791-0684-4272-9ffb-8133db486832", "symbol": "6441", "name": "iBase Solution 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": 54.877, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -11.991, "architecture_energy": 14.485, "architecture_maturity": 6.362, "architecture_confidence": 49.442, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 49.57, "rotation_up": 26.07, "upward_expansion": 16.82, "deceleration": 57.66, "rotation_down": 42.3, "downward_expansion": 39.49 }, "activity_lines": [ 21.67, 21.746364, 22.680476, 22.634301 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 22.35, "trend_reference": 22.451667, "distance_from_trend": -0.004528, "trend_direction": "Weakening", "fair_value": 35.09359, "distance_from_fair_value": -0.363132, "fair_value_direction": "Weakening", "relative_strength": -32.721583, "relative_strength_direction": "Improving", "price_momentum": 0.049296, "excess_performance": -0.392076, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004528, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.010213, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.363132, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.009191, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.327216, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.027708, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.049296, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.603663, "read": "Supply-led" } ], "volume": { "latest": 1544102, "relative_activity": 1.031072, "balance": 0.603663, "dry_up": 0.473215, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.114094, "annualized_volatility": 0.585949, "from_high_reference": -0.329835, "from_low_reference": 0.303207 }, "levels": { "trend_reference": 22.451667, "fair_value_reference": 35.09359, "structural_low": 17.15, "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": 4, "median_return": -0.022435, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.000399, "regime_survival": 0.25, "best_return": 0.057421, "worst_return": -0.104922, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.09715, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.044324, "regime_survival": 0.0, "best_return": -0.028689, "worst_return": -0.109434, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.151554, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.103251, "regime_survival": 0.0, "best_return": -0.113208, "worst_return": -0.157787, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.317924, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.61114, "regime_survival": 0.0, "best_return": 0.245902, "worst_return": -0.404145, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-08-11", "end": "2023-08-25", "tenure": "New", "return": 0.009434, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-01", "end": "2023-12-08", "tenure": "Established", "return": -0.086957, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-15", "end": "2024-02-02", "tenure": "Developing", "return": -0.11692, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-09", "end": "2024-07-05", "tenure": "Established", "return": -0.009574, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": -0.117904, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-11-29", "tenure": "Established", "return": 0.011421, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": -0.03886, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-06-06", "tenure": "Established", "return": -0.066667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": -0.141985, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2026-04-24", "tenure": "Extended", "return": -0.068646, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": -0.156463, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-06-12", "tenure": "New", "return": -0.045082, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": -0.088106, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.170157, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 53.0, "volume": 1056000, "typical_volume": 5147373.75, "trend": 59.388145, "fair_value": 68.298467, "relative_strength": -6.085142, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.433173, "energy": 40.322137, "activity_lines": [ 55.76, 58.609091, 60.164085, 60.013669 ] }, { "date": "2023-08-18", "close": 53.099998, "volume": 939000, "typical_volume": 4977848.8, "trend": 59.516755, "fair_value": 68.117407, "relative_strength": -4.994103, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.012274, "energy": 53.463811, "activity_lines": [ 54.493333, 57.085454, 59.48914, 59.607982 ] }, { "date": "2023-08-25", "close": 53.5, "volume": 661000, "typical_volume": 4956191.55, "trend": 59.629388, "fair_value": 67.847052, "relative_strength": -5.202756, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.076935, "energy": 64.392413, "activity_lines": [ 53.853333, 55.978181, 58.8944, 59.219804 ] }, { "date": "2023-09-01", "close": 57.5, "volume": 1205000, "typical_volume": 4879596.65, "trend": 59.592019, "fair_value": 67.585838, "relative_strength": 0.492614, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.203566, "energy": 48.981119, "activity_lines": [ 54.8, 55.841818, 58.710117, 59.082425 ] }, { "date": "2023-09-08", "close": 53.5, "volume": 986000, "typical_volume": 4773423.7, "trend": 59.281277, "fair_value": 67.114716, "relative_strength": -6.282986, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.283777, "energy": 48.175449, "activity_lines": [ 54.48, 55.150909, 58.159524, 58.689391 ] }, { "date": "2023-09-15", "close": 52.900002, "volume": 549000, "typical_volume": 4714950.0, "trend": 58.885401, "fair_value": 66.764896, "relative_strength": -9.369122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.797117, "energy": 44.169857, "activity_lines": [ 54.073334, 54.545455, 57.555238, 58.277696 ] }, { "date": "2023-09-22", "close": 52.099998, "volume": 425000, "typical_volume": 4691350.0, "trend": 58.641979, "fair_value": 66.39856, "relative_strength": -7.572988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.76071, "energy": 44.407339, "activity_lines": [ 53.406667, 53.927273, 56.877143, 57.839928 ] }, { "date": "2023-09-29", "close": 51.700001, "volume": 222000, "typical_volume": 4587550.0, "trend": 58.368939, "fair_value": 66.115064, "relative_strength": -8.432864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.071149, "energy": 62.635758, "activity_lines": [ 52.673334, 53.389091, 56.172857, 57.392058 ] }, { "date": "2023-10-06", "close": 49.799999, "volume": 950000, "typical_volume": 4200550.0, "trend": 58.0977, "fair_value": 65.682742, "relative_strength": -12.721222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.332751, "energy": 72.496766, "activity_lines": [ 51.426666, 52.607273, 55.300952, 56.839224 ] }, { "date": "2023-10-13", "close": 48.700001, "volume": 450000, "typical_volume": 3543450.0, "trend": 57.851673, "fair_value": 65.334467, "relative_strength": -15.9447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.234913, "energy": 75.416282, "activity_lines": [ 50.326667, 51.783636, 54.395714, 56.23292 ] }, { "date": "2023-10-20", "close": 45.549999, "volume": 718000, "typical_volume": 3325250.0, "trend": 57.402944, "fair_value": 64.943225, "relative_strength": -19.704495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.564778, "energy": 84.694924, "activity_lines": [ 48.496666, 50.505454, 53.260952, 55.439264 ] }, { "date": "2023-10-27", "close": 47.400002, "volume": 1200000, "typical_volume": 2261250.0, "trend": 56.918179, "fair_value": 64.498366, "relative_strength": -14.872366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.723568, "energy": 76.339105, "activity_lines": [ 47.773334, 49.699091, 52.379286, 54.793913 ] }, { "date": "2023-11-03", "close": 48.599998, "volume": 594000, "typical_volume": 1681150.0, "trend": 56.54832, "fair_value": 63.972948, "relative_strength": -14.716378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.664134, "energy": 66.224, "activity_lines": [ 47.763333, 49.214545, 51.729047, 54.257256 ] }, { "date": "2023-11-10", "close": 47.200001, "volume": 538000, "typical_volume": 1513050.0, "trend": 56.102483, "fair_value": 63.432863, "relative_strength": -17.950285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.05682, "energy": 59.282387, "activity_lines": [ 47.493333, 48.564546, 51.032619, 53.654139 ] }, { "date": "2023-11-17", "close": 52.599998, "volume": 1549000, "typical_volume": 1391550.0, "trend": 56.048333, "fair_value": 62.913159, "relative_strength": -11.525489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.408504, "energy": 35.517335, "activity_lines": [ 49.196666, 49.083636, 50.944762, 53.428172 ] }, { "date": "2023-11-24", "close": 52.099998, "volume": 898000, "typical_volume": 1070150.0, "trend": 56.005, "fair_value": 62.279225, "relative_strength": -12.85064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.635736, "energy": 23.135369, "activity_lines": [ 50.473332, 49.528181, 50.864523, 53.173441 ] }, { "date": "2023-12-01", "close": 55.799999, "volume": 1870000, "typical_volume": 1066700.0, "trend": 56.045, "fair_value": 61.825583, "relative_strength": -7.710321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.685699, "energy": 18.46928, "activity_lines": [ 52.546665, 50.659999, 51.175238, 53.160215 ] }, { "date": "2023-12-08", "close": 52.5, "volume": 1303000, "typical_volume": 974300.0, "trend": 55.978333, "fair_value": 61.350787, "relative_strength": -12.968469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.634167, "energy": 24.998176, "activity_lines": [ 52.959999, 51.124545, 51.194047, 52.931505 ] }, { "date": "2023-12-15", "close": 52.599998, "volume": 462000, "typical_volume": 889500.0, "trend": 55.571666, "fair_value": 60.805462, "relative_strength": -14.14736, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.701111, "energy": 19.518899, "activity_lines": [ 53.146665, 51.592726, 51.245238, 52.713548 ] }, { "date": "2023-12-22", "close": 52.400002, "volume": 417000, "typical_volume": 849600.0, "trend": 55.201667, "fair_value": 60.321484, "relative_strength": -13.805168, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.845226, "energy": 16.129075, "activity_lines": [ 52.906667, 51.973636, 51.305476, 52.508924 ] }, { "date": "2023-12-29", "close": 54.0, "volume": 1009000, "typical_volume": 847250.0, "trend": 54.945, "fair_value": 59.881924, "relative_strength": -12.508383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.419271, "energy": 9.533486, "activity_lines": [ 53.213333, 52.578181, 51.531428, 52.431398 ] }, { "date": "2024-01-05", "close": 55.0, "volume": 609000, "typical_volume": 830750.0, "trend": 54.378333, "fair_value": 59.465855, "relative_strength": -8.583416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.179426, "energy": 10.684753, "activity_lines": [ 53.726667, 53.210909, 51.847857, 52.434946 ] }, { "date": "2024-01-12", "close": 49.5, "volume": 1206000, "typical_volume": 858000.0, "trend": 53.798333, "fair_value": 59.062926, "relative_strength": -17.3077, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.044472, "energy": 14.532454, "activity_lines": [ 52.46, 52.705454, 51.631428, 52.120215 ] }, { "date": "2024-01-19", "close": 48.349998, "volume": 275113, "typical_volume": 811505.65, "trend": 53.176666, "fair_value": 58.683939, "relative_strength": -19.734243, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.400199, "energy": 22.593681, "activity_lines": [ 51.009999, 51.974545, 51.324523, 51.768709 ] }, { "date": "2024-01-26", "close": 48.25, "volume": 416000, "typical_volume": 783005.65, "trend": 52.645, "fair_value": 58.187592, "relative_strength": -20.994668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.069822, "energy": 34.498192, "activity_lines": [ 49.809999, 51.204545, 51.051666, 51.45086 ] }, { "date": "2024-02-02", "close": 46.450001, "volume": 554000, "typical_volume": 783255.65, "trend": 52.186666, "fair_value": 57.622772, "relative_strength": -23.702971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.289549, "energy": 61.259251, "activity_lines": [ 48.286667, 50.186364, 50.632381, 51.051183 ] }, { "date": "2024-02-09", "close": 47.0, "volume": 114000, "typical_volume": 767705.65, "trend": 51.736666, "fair_value": 57.172502, "relative_strength": -22.318591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.277356, "energy": 68.432564, "activity_lines": [ 47.45, 49.370909, 50.29619, 50.716559 ] }, { "date": "2024-02-16", "close": 47.150002, "volume": 268000, "typical_volume": 770005.65, "trend": 51.398333, "fair_value": 56.740274, "relative_strength": -23.485112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.153579, "energy": 70.299442, "activity_lines": [ 47.196667, 48.742728, 49.998571, 50.420645 ] }, { "date": "2024-02-23", "close": 45.700001, "volume": 639000, "typical_volume": 754455.65, "trend": 50.971667, "fair_value": 56.287364, "relative_strength": -26.341102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.896041, "energy": 72.729729, "activity_lines": [ 46.616668, 47.948182, 49.584524, 50.053011 ] }, { "date": "2024-03-01", "close": 45.599998, "volume": 359000, "typical_volume": 749905.65, "trend": 50.651666, "fair_value": 55.793958, "relative_strength": -26.065122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.910459, "energy": 70.175451, "activity_lines": [ 46.18, 47.260909, 49.180476, 49.706451 ] }, { "date": "2024-03-08", "close": 43.900002, "volume": 913000, "typical_volume": 759655.65, "trend": 50.348333, "fair_value": 55.292501, "relative_strength": -31.263239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.729566, "energy": 76.402004, "activity_lines": [ 45.353334, 46.388182, 48.629286, 49.27086 ] }, { "date": "2024-03-15", "close": 43.200001, "volume": 652000, "typical_volume": 732255.65, "trend": 50.018333, "fair_value": 54.817872, "relative_strength": -31.419918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.000272, "energy": 79.158977, "activity_lines": [ 44.463334, 45.571819, 48.019286, 48.809677 ] }, { "date": "2024-03-22", "close": 43.200001, "volume": 536000, "typical_volume": 729355.65, "trend": 49.675, "fair_value": 54.35463, "relative_strength": -32.63428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.816053, "energy": 78.477992, "activity_lines": [ 43.826667, 44.970001, 47.429286, 48.369785 ] }, { "date": "2024-03-29", "close": 43.599998, "volume": 479000, "typical_volume": 726405.65, "trend": 49.211667, "fair_value": 53.868331, "relative_strength": -31.502365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.671869, "energy": 74.268761, "activity_lines": [ 43.586667, 44.555455, 46.903095, 47.977849 ] }, { "date": "2024-04-05", "close": 42.25, "volume": 367000, "typical_volume": 667305.65, "trend": 48.836667, "fair_value": 53.370532, "relative_strength": -33.069714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.678065, "energy": 76.273098, "activity_lines": [ 43.036667, 43.981818, 46.265476, 47.52871 ] }, { "date": "2024-04-12", "close": 40.549999, "volume": 834000, "typical_volume": 664105.65, "trend": 48.425, "fair_value": 52.878916, "relative_strength": -36.269295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.387734, "energy": 88.785127, "activity_lines": [ 42.143333, 43.208182, 45.515238, 46.994086 ] }, { "date": "2024-04-19", "close": 38.200001, "volume": 759000, "typical_volume": 608555.65, "trend": 47.961667, "fair_value": 52.406397, "relative_strength": -35.631345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.486287, "energy": 93.196277, "activity_lines": [ 40.69, 42.114546, 44.596191, 46.334409 ] }, { "date": "2024-04-26", "close": 38.700001, "volume": 308000, "typical_volume": 558805.65, "trend": 47.528333, "fair_value": 51.999712, "relative_strength": -36.103832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.443553, "energy": 91.214691, "activity_lines": [ 39.736667, 41.271818, 43.808572, 45.736882 ] }, { "date": "2024-05-03", "close": 41.0, "volume": 541000, "typical_volume": 562755.65, "trend": 47.235, "fair_value": 51.624852, "relative_strength": -32.366611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.026066, "energy": 82.84391, "activity_lines": [ 39.85, 41.000909, 43.305715, 45.315699 ] }, { "date": "2024-05-10", "close": 38.900002, "volume": 779000, "typical_volume": 580855.65, "trend": 46.908333, "fair_value": 51.21945, "relative_strength": -36.331394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.302002, "energy": 67.272383, "activity_lines": [ 39.436668, 40.433637, 42.658096, 44.777957 ] }, { "date": "2024-05-17", "close": 39.799999, "volume": 322000, "typical_volume": 546505.65, "trend": 46.716667, "fair_value": 50.907498, "relative_strength": -35.647424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.651151, "energy": 58.81653, "activity_lines": [ 39.546667, 40.151818, 42.160476, 44.319355 ] }, { "date": "2024-05-24", "close": 38.849998, "volume": 519000, "typical_volume": 542005.65, "trend": 46.431667, "fair_value": 50.689663, "relative_strength": -37.228478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.811984, "energy": 56.617862, "activity_lines": [ 39.39, 39.771818, 41.64, 43.811828 ] }, { "date": "2024-05-31", "close": 38.950001, "volume": 374000, "typical_volume": 500405.65, "trend": 46.11, "fair_value": 50.504353, "relative_strength": -35.098325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.372214, "energy": 55.70117, "activity_lines": [ 39.223333, 39.489091, 41.205953, 43.32914 ] }, { "date": "2024-06-07", "close": 39.900002, "volume": 635000, "typical_volume": 518400.0, "trend": 45.866667, "fair_value": 50.227203, "relative_strength": -34.512842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.773429, "energy": 47.359359, "activity_lines": [ 39.356667, 39.456364, 40.912619, 42.928495 ] }, { "date": "2024-06-14", "close": 38.400002, "volume": 462000, "typical_volume": 520700.0, "trend": 45.393333, "fair_value": 49.933037, "relative_strength": -37.857416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.777812, "energy": 50.050077, "activity_lines": [ 39.063334, 39.218183, 40.516667, 42.446775 ] }, { "date": "2024-06-21", "close": 46.75, "volume": 5661000, "typical_volume": 776050.0, "trend": 45.215, "fair_value": 49.723141, "relative_strength": -25.801224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.503503, "energy": 11.470018, "activity_lines": [ 41.586668, 40.568182, 40.962858, 42.534301 ] }, { "date": "2024-06-28", "close": 46.400002, "volume": 3414000, "typical_volume": 941050.0, "trend": 44.901667, "fair_value": 49.511571, "relative_strength": -24.697922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.4279, "energy": 23.54261, "activity_lines": [ 43.530001, 41.741819, 41.374286, 42.610753 ] }, { "date": "2024-07-05", "close": 46.549999, "volume": 2877000, "typical_volume": 1071500.0, "trend": 44.703334, "fair_value": 49.281605, "relative_strength": -25.256829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 29.318731, "energy": 37.323884, "activity_lines": [ 45.020001, 42.793637, 41.802858, 42.717097 ] }, { "date": "2024-07-12", "close": 45.799999, "volume": 1539000, "typical_volume": 1116500.0, "trend": 44.476667, "fair_value": 49.101489, "relative_strength": -26.723997, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.184436, "energy": 39.098252, "activity_lines": [ 45.753333, 43.566364, 42.162857, 42.78785 ] }, { "date": "2024-07-19", "close": 42.099998, "volume": 624000, "typical_volume": 1129750.0, "trend": 44.133334, "fair_value": 48.921568, "relative_strength": -28.759263, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.749833, "energy": 32.769016, "activity_lines": [ 44.859999, 43.579091, 42.17, 42.634516 ] }, { "date": "2024-07-26", "close": 40.400002, "volume": 237000, "typical_volume": 1095950.0, "trend": 43.68, "fair_value": 48.751816, "relative_strength": -28.489471, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -28.714917, "energy": 16.418498, "activity_lines": [ 43.153333, 43.224546, 42.031905, 42.393656 ] }, { "date": "2024-08-02", "close": 39.400002, "volume": 429000, "typical_volume": 1084800.0, "trend": 43.16, "fair_value": 48.555726, "relative_strength": -27.918475, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.657415, "energy": 27.562872, "activity_lines": [ 41.536667, 42.677273, 41.815239, 42.117527 ] }, { "date": "2024-08-09", "close": 36.150002, "volume": 1156000, "typical_volume": 1115800.0, "trend": 42.715, "fair_value": 48.410542, "relative_strength": -32.568924, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.876493, "energy": 44.271006, "activity_lines": [ 39.303335, 41.529092, 41.307143, 41.665269 ] }, { "date": "2024-08-16", "close": 36.900002, "volume": 343000, "typical_volume": 1109000.0, "trend": 42.333334, "fair_value": 48.298634, "relative_strength": -33.061234, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.288129, "energy": 52.721601, "activity_lines": [ 38.013335, 40.568183, 40.904048, 41.290108 ] }, { "date": "2024-08-23", "close": 43.700001, "volume": 3972000, "typical_volume": 1289250.0, "trend": 42.181667, "fair_value": 48.249673, "relative_strength": -19.239194, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.210536, "energy": 33.382149, "activity_lines": [ 39.583335, 40.898183, 41.180477, 41.37828 ] }, { "date": "2024-08-30", "close": 43.5, "volume": 1075000, "typical_volume": 1301300.0, "trend": 42.083334, "fair_value": 48.239855, "relative_strength": -19.049184, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.106247, "energy": 17.695103, "activity_lines": [ 40.980001, 41.095455, 41.430953, 41.463334 ] }, { "date": "2024-09-06", "close": 44.799999, "volume": 1588000, "typical_volume": 1342750.0, "trend": 42.01, "fair_value": 48.201988, "relative_strength": -12.598171, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.855094, "energy": 13.855554, "activity_lines": [ 42.603334, 41.588182, 41.791191, 41.638603 ] }, { "date": "2024-09-13", "close": 42.5, "volume": 1177000, "typical_volume": 1386200.0, "trend": 41.855, "fair_value": 48.190087, "relative_strength": -17.543732, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.100413, "energy": 17.198195, "activity_lines": [ 43.1, 41.691819, 41.900953, 41.670216 ] }, { "date": "2024-09-20", "close": 42.299999, "volume": 207000, "typical_volume": 1369500.0, "trend": 41.741667, "fair_value": 48.193187, "relative_strength": -18.566926, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.065007, "energy": 16.228347, "activity_lines": [ 43.106666, 41.832728, 41.973572, 41.698925 ] }, { "date": "2024-09-27", "close": 43.0, "volume": 347000, "typical_volume": 1347900.0, "trend": 41.655, "fair_value": 48.209856, "relative_strength": -18.774317, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.912242, "energy": 34.958285, "activity_lines": [ 42.986666, 42.164546, 42.106667, 41.780108 ] }, { "date": "2024-10-04", "close": 40.700001, "volume": 254000, "typical_volume": 1344500.0, "trend": 41.548334, "fair_value": 48.216478, "relative_strength": -20.542538, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.788952, "energy": 13.409128, "activity_lines": [ 42.146667, 42.061818, 42.001191, 41.718495 ] }, { "date": "2024-10-11", "close": 44.650002, "volume": 1689000, "typical_volume": 1403000.0, "trend": 41.596667, "fair_value": 48.252492, "relative_strength": -14.42848, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.525902, "energy": 23.201681, "activity_lines": [ 42.810001, 42.671819, 42.26762, 41.918603 ] }, { "date": "2024-10-18", "close": 45.0, "volume": 980000, "typical_volume": 1433300.0, "trend": 41.656667, "fair_value": 48.291375, "relative_strength": -15.297058, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.957556, "energy": 30.076137, "activity_lines": [ 43.600001, 43.25, 42.539762, 42.138173 ] }, { "date": "2024-10-25", "close": 45.0, "volume": 615000, "typical_volume": 1432300.0, "trend": 41.703334, "fair_value": 48.334017, "relative_strength": -14.055112, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.854333, "energy": 39.130451, "activity_lines": [ 44.223334, 43.667273, 42.783096, 42.353871 ] }, { "date": "2024-11-01", "close": 43.700001, "volume": 246000, "typical_volume": 1421500.0, "trend": 41.751667, "fair_value": 48.363941, "relative_strength": -13.696406, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.607639, "energy": 44.603837, "activity_lines": [ 44.233334, 43.70091, 42.878334, 42.482689 ] }, { "date": "2024-11-08", "close": 41.049999, "volume": 739000, "typical_volume": 1175400.0, "trend": 41.768334, "fair_value": 48.302036, "relative_strength": -20.8493, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.830455, "energy": 19.053854, "activity_lines": [ 43.313333, 43.252727, 42.695953, 42.43742 ] }, { "date": "2024-11-15", "close": 38.25, "volume": 326000, "typical_volume": 1021000.0, "trend": 41.77, "fair_value": 48.207777, "relative_strength": -22.689558, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.948804, "energy": 13.390782, "activity_lines": [ 41.436667, 42.34, 42.274048, 42.21043 ] }, { "date": "2024-11-22", "close": 40.900002, "volume": 386551, "typical_volume": 896477.55, "trend": 41.843334, "fair_value": 48.091675, "relative_strength": -17.015604, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.495363, "energy": 21.943374, "activity_lines": [ 40.870001, 42.028182, 42.143334, 42.154302 ] }, { "date": "2024-11-29", "close": 39.849998, "volume": 326000, "typical_volume": 835827.55, "trend": 41.805, "fair_value": 47.968216, "relative_strength": -15.753554, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.213809, "energy": 32.7521, "activity_lines": [ 40.226666, 41.554546, 41.939524, 42.025699 ] }, { "date": "2024-12-06", "close": 38.599998, "volume": 264000, "typical_volume": 817827.55, "trend": 41.795, "fair_value": 47.88309, "relative_strength": -20.697913, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.177711, "energy": 51.941319, "activity_lines": [ 39.509999, 40.898181, 41.645, 41.818925 ] }, { "date": "2024-12-13", "close": 37.099998, "volume": 373000, "typical_volume": 824627.55, "trend": 41.705, "fair_value": 47.76956, "relative_strength": -22.235145, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.629414, "energy": 68.499735, "activity_lines": [ 38.633332, 40.04909, 41.224285, 41.516022 ] }, { "date": "2024-12-20", "close": 36.0, "volume": 156000, "typical_volume": 810977.55, "trend": 41.61, "fair_value": 47.66401, "relative_strength": -21.830465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.519218, "energy": 73.716757, "activity_lines": [ 37.653332, 39.065454, 40.714524, 41.147957 ] }, { "date": "2024-12-27", "close": 36.0, "volume": 160000, "typical_volume": 761177.55, "trend": 41.511667, "fair_value": 47.569106, "relative_strength": -23.345605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.873653, "energy": 75.061132, "activity_lines": [ 36.823333, 38.23909, 40.220952, 40.786021 ] }, { "date": "2025-01-03", "close": 34.549999, "volume": 148000, "typical_volume": 751427.55, "trend": 41.333334, "fair_value": 47.426078, "relative_strength": -24.072838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.266109, "energy": 80.643117, "activity_lines": [ 35.836666, 37.312727, 39.59, 40.336882 ] }, { "date": "2025-01-10", "close": 32.0, "volume": 315000, "typical_volume": 568577.55, "trend": 41.12, "fair_value": 47.272966, "relative_strength": -29.006262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.995894, "energy": 90.74555, "activity_lines": [ 34.353333, 36.112727, 38.727381, 39.734731 ] }, { "date": "2025-01-17", "close": 33.700001, "volume": 1154000, "typical_volume": 572527.55, "trend": 40.685, "fair_value": 47.15643, "relative_strength": -24.729777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.77191, "energy": 78.795149, "activity_lines": [ 33.876667, 35.434545, 38.082381, 39.256021 ] }, { "date": "2025-01-24", "close": 33.400002, "volume": 169000, "typical_volume": 501577.55, "trend": 40.251667, "fair_value": 47.064275, "relative_strength": -25.66395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.398477, "energy": 76.633566, "activity_lines": [ 33.526667, 34.835455, 37.455476, 38.786022 ] }, { "date": "2025-02-07", "close": 33.599998, "volume": 127143, "typical_volume": 449084.7, "trend": 39.82, "fair_value": 46.969018, "relative_strength": -24.197904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.394606, "energy": 65.66577, "activity_lines": [ 33.416667, 34.360909, 36.901905, 38.356882 ] }, { "date": "2025-02-14", "close": 35.450001, "volume": 301430, "typical_volume": 453806.2, "trend": 39.475, "fair_value": 46.911298, "relative_strength": -18.008976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.029098, "energy": 49.191086, "activity_lines": [ 34.083334, 34.355455, 36.566905, 38.074946 ] }, { "date": "2025-02-21", "close": 35.950001, "volume": 385820, "typical_volume": 455747.2, "trend": 39.27, "fair_value": 46.842379, "relative_strength": -18.016205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.822882, "energy": 36.416699, "activity_lines": [ 34.856667, 34.520909, 36.312143, 37.847527 ] }, { "date": "2025-02-28", "close": 36.049999, "volume": 193078, "typical_volume": 452701.1, "trend": 39.125, "fair_value": 46.767837, "relative_strength": -14.613299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.460691, "energy": 27.839088, "activity_lines": [ 35.4, 34.752727, 36.100476, 37.639785 ] }, { "date": "2025-03-07", "close": 35.549999, "volume": 126265, "typical_volume": 374564.35, "trend": 38.996667, "fair_value": 46.719526, "relative_strength": -13.258971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.284489, "energy": 25.045214, "activity_lines": [ 35.62, 34.912727, 35.863333, 37.40914 ] }, { "date": "2025-03-14", "close": 34.849998, "volume": 342598, "typical_volume": 342694.25, "trend": 38.953333, "fair_value": 46.656708, "relative_strength": -12.024069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.476572, "energy": 21.936134, "activity_lines": [ 35.463332, 34.953636, 35.602857, 37.141613 ] }, { "date": "2025-03-21", "close": 33.599998, "volume": 172849, "typical_volume": 320586.7, "trend": 38.843333, "fair_value": 46.589947, "relative_strength": -15.485541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.641019, "energy": 33.085247, "activity_lines": [ 34.806665, 34.788181, 35.271666, 36.796236 ] }, { "date": "2025-03-28", "close": 32.799999, "volume": 165774, "typical_volume": 316575.4, "trend": 38.48, "fair_value": 46.511169, "relative_strength": -14.616434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.050426, "energy": 44.838097, "activity_lines": [ 34.006665, 34.494545, 34.918571, 36.406344 ] }, { "date": "2025-04-04", "close": 31.65, "volume": 129313, "typical_volume": 286091.05, "trend": 38.085, "fair_value": 46.419069, "relative_strength": -15.828574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.281066, "energy": 59.992647, "activity_lines": [ 33.033332, 33.977272, 34.507857, 35.965699 ] }, { "date": "2025-04-11", "close": 23.700001, "volume": 687046, "typical_volume": 304143.35, "trend": 37.381666, "fair_value": 46.283837, "relative_strength": -30.607331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.177362, "energy": 91.050982, "activity_lines": [ 29.703333, 32.051818, 33.384762, 35.037634 ] }, { "date": "2025-04-18", "close": 24.25, "volume": 450184, "typical_volume": 307325.0, "trend": 36.773333, "fair_value": 46.158706, "relative_strength": -27.948661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.395817, "energy": 95.444391, "activity_lines": [ 27.346667, 30.402727, 32.383333, 34.19043 ] }, { "date": "2025-04-25", "close": 22.9, "volume": 354705, "typical_volume": 308760.25, "trend": 36.126667, "fair_value": 45.99987, "relative_strength": -32.9984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.297905, "energy": 95.997958, "activity_lines": [ 25.246667, 28.678181, 31.332619, 33.295376 ] }, { "date": "2025-05-02", "close": 31.25, "volume": 1362913, "typical_volume": 363705.9, "trend": 35.735, "fair_value": 45.839445, "relative_strength": -12.179283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.434543, "energy": 84.966403, "activity_lines": [ 26.643333, 28.7, 31.157857, 32.980752 ] }, { "date": "2025-05-09", "close": 29.25, "volume": 1588534, "typical_volume": 424482.6, "trend": 35.353333, "fair_value": 45.704404, "relative_strength": -17.729153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.320766, "energy": 55.539497, "activity_lines": [ 27.476667, 28.443636, 30.827619, 32.562365 ] }, { "date": "2025-05-16", "close": 29.0, "volume": 219559, "typical_volume": 427660.55, "trend": 34.831666, "fair_value": 45.568387, "relative_strength": -21.41033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.36101, "energy": 39.380146, "activity_lines": [ 28.386667, 28.265454, 30.510952, 32.152473 ] }, { "date": "2025-05-23", "close": 32.799999, "volume": 1490734, "typical_volume": 494197.25, "trend": 34.425, "fair_value": 45.505266, "relative_strength": -9.960157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.745676, "energy": 24.393647, "activity_lines": [ 30.21, 28.897273, 30.589524, 32.021398 ] }, { "date": "2025-05-30", "close": 34.650002, "volume": 4908273, "typical_volume": 732210.9, "trend": 34.08, "fair_value": 45.430518, "relative_strength": -3.325871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.534492, "energy": 17.682258, "activity_lines": [ 32.08, 29.902728, 30.859524, 32.035914 ] }, { "date": "2025-06-06", "close": 33.599998, "volume": 2552568, "typical_volume": 844089.3, "trend": 33.743333, "fair_value": 45.365637, "relative_strength": -7.305491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.885807, "energy": 20.365441, "activity_lines": [ 32.816666, 30.698182, 31.029047, 32.004946 ] }, { "date": "2025-06-13", "close": 32.75, "volume": 811302, "typical_volume": 826954.4, "trend": 33.466666, "fair_value": 45.287477, "relative_strength": -10.988537, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.885791, "energy": 18.809749, "activity_lines": [ 33.113333, 31.324545, 31.11, 31.94086 ] }, { "date": "2025-06-20", "close": 30.0, "volume": 476192, "typical_volume": 842314.0, "trend": 33.191666, "fair_value": 45.192316, "relative_strength": -18.035434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.617087, "energy": 15.300755, "activity_lines": [ 32.26, 31.430909, 30.933571, 31.717204 ] }, { "date": "2025-06-27", "close": 30.0, "volume": 268403, "typical_volume": 849377.0, "trend": 32.828333, "fair_value": 45.127844, "relative_strength": -19.337991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.800249, "energy": 11.863095, "activity_lines": [ 31.34, 31.422727, 30.773333, 31.51129 ] }, { "date": "2025-07-04", "close": 29.700001, "volume": 217461, "typical_volume": 845178.55, "trend": 32.49, "fair_value": 45.062388, "relative_strength": -19.372773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.491797, "energy": 19.004052, "activity_lines": [ 30.506667, 31.255455, 30.601667, 31.309462 ] }, { "date": "2025-07-11", "close": 27.549999, "volume": 437906, "typical_volume": 847782.85, "trend": 32.121666, "fair_value": 45.000999, "relative_strength": -25.204834, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.765862, "energy": 32.54908, "activity_lines": [ 29.286667, 30.573636, 30.252619, 30.990753 ] }, { "date": "2025-07-18", "close": 29.15, "volume": 497392, "typical_volume": 862998.55, "trend": 31.856666, "fair_value": 44.93734, "relative_strength": -22.384163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.055573, "energy": 35.013978, "activity_lines": [ 29.003333, 30.25, 30.095952, 30.799032 ] }, { "date": "2025-07-25", "close": 28.1, "volume": 142811, "typical_volume": 863825.85, "trend": 31.593333, "fair_value": 44.869456, "relative_strength": -24.543287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.435689, "energy": 46.272921, "activity_lines": [ 28.61, 29.737273, 29.872143, 30.556667 ] }, { "date": "2025-08-01", "close": 26.950001, "volume": 178363, "typical_volume": 855614.1, "trend": 31.291667, "fair_value": 44.779169, "relative_strength": -27.253814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.285526, "energy": 55.64322, "activity_lines": [ 27.96, 29.031818, 29.574286, 30.257097 ] }, { "date": "2025-08-08", "close": 26.5, "volume": 271460, "typical_volume": 860544.65, "trend": 31.023333, "fair_value": 44.693513, "relative_strength": -29.601535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.427384, "energy": 54.778471, "activity_lines": [ 27.363334, 28.350909, 29.271191, 29.947957 ] }, { "date": "2025-08-15", "close": 29.4, "volume": 1411300, "typical_volume": 922820.95, "trend": 30.936667, "fair_value": 44.628639, "relative_strength": -22.45017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.428353, "energy": 36.129202, "activity_lines": [ 27.946667, 28.345455, 29.278095, 29.843226 ] }, { "date": "2025-08-22", "close": 28.4, "volume": 384289, "typical_volume": 935569.75, "trend": 30.76, "fair_value": 44.556728, "relative_strength": -22.856873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.553258, "energy": 30.993546, "activity_lines": [ 28.073333, 28.234546, 29.205952, 29.67957 ] }, { "date": "2025-08-29", "close": 28.4, "volume": 266742, "typical_volume": 914554.55, "trend": 30.593333, "fair_value": 44.481373, "relative_strength": -23.589632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.851725, "energy": 22.717108, "activity_lines": [ 28.25, 28.202727, 29.149286, 29.527312 ] }, { "date": "2025-09-05", "close": 27.200001, "volume": 263580, "typical_volume": 905224.35, "trend": 30.38, "fair_value": 44.385486, "relative_strength": -26.826002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.77977, "energy": 23.09139, "activity_lines": [ 28.006667, 27.981818, 28.955953, 29.308387 ] }, { "date": "2025-09-12", "close": 26.549999, "volume": 310326, "typical_volume": 903005.4, "trend": 30.083333, "fair_value": 44.283241, "relative_strength": -30.398349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.639476, "energy": 39.845068, "activity_lines": [ 27.53, 27.693636, 28.686667, 29.06129 ] }, { "date": "2025-09-19", "close": 27.4, "volume": 222147, "typical_volume": 845967.1, "trend": 29.798333, "fair_value": 44.193647, "relative_strength": -27.641768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.580655, "energy": 41.501243, "activity_lines": [ 27.333333, 27.617273, 28.480952, 28.888172 ] }, { "date": "2025-09-26", "close": 25.299999, "volume": 266100, "typical_volume": 779845.4, "trend": 29.44, "fair_value": 44.054892, "relative_strength": -32.384647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.525401, "energy": 59.265487, "activity_lines": [ 26.57, 27.161818, 28.093571, 28.597957 ] }, { "date": "2025-10-03", "close": 25.15, "volume": 211914, "typical_volume": 779463.15, "trend": 29.093333, "fair_value": 43.94743, "relative_strength": -34.943489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.395092, "energy": 63.956149, "activity_lines": [ 25.963333, 26.749091, 27.710714, 28.321183 ] }, { "date": "2025-10-10", "close": 24.25, "volume": 257094, "typical_volume": 717781.15, "trend": 28.74, "fair_value": 43.84923, "relative_strength": -37.737861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.78721, "energy": 72.628792, "activity_lines": [ 25.273333, 26.226363, 27.260476, 28.00871 ] }, { "date": "2025-10-17", "close": 23.299999, "volume": 382209, "typical_volume": 491477.95, "trend": 28.396667, "fair_value": 43.736799, "relative_strength": -39.280692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.794941, "energy": 82.440581, "activity_lines": [ 24.463333, 25.58, 26.760476, 27.657742 ] }, { "date": "2025-10-24", "close": 24.549999, "volume": 305346, "typical_volume": 379116.85, "trend": 28.121667, "fair_value": 43.653047, "relative_strength": -35.65567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.641772, "energy": 75.520421, "activity_lines": [ 24.286666, 25.21909, 26.433571, 27.40957 ] }, { "date": "2025-10-31", "close": 23.299999, "volume": 313899, "typical_volume": 354246.7, "trend": 27.843333, "fair_value": 43.563475, "relative_strength": -39.523413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.368134, "energy": 78.154124, "activity_lines": [ 23.883333, 24.71909, 26.030714, 27.098494 ] }, { "date": "2025-11-07", "close": 22.4, "volume": 288440, "typical_volume": 344859.1, "trend": 27.8, "fair_value": 43.470326, "relative_strength": -39.693942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.671516, "energy": 79.649593, "activity_lines": [ 23.313333, 24.148181, 25.587143, 26.747312 ] }, { "date": "2025-11-14", "close": 22.950001, "volume": 260608, "typical_volume": 344469.35, "trend": 27.756667, "fair_value": 43.364419, "relative_strength": -36.821919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.509703, "energy": 79.453516, "activity_lines": [ 23.11, 23.786363, 25.232143, 26.434408 ] }, { "date": "2025-11-21", "close": 22.6, "volume": 160132, "typical_volume": 341602.9, "trend": 27.746667, "fair_value": 43.265036, "relative_strength": -34.737289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.130484, "energy": 83.235099, "activity_lines": [ 22.876667, 23.438182, 24.877381, 26.10172 ] }, { "date": "2025-11-28", "close": 23.0, "volume": 923080, "typical_volume": 365861.6, "trend": 27.471667, "fair_value": 43.148803, "relative_strength": -35.544936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.982869, "energy": 68.881824, "activity_lines": [ 22.823333, 23.234545, 24.594524, 25.795484 ] }, { "date": "2025-12-05", "close": 23.200001, "volume": 220245, "typical_volume": 352004.25, "trend": 27.27, "fair_value": 43.038861, "relative_strength": -34.876298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.931839, "energy": 52.579972, "activity_lines": [ 22.94, 23.147273, 24.352381, 25.519892 ] }, { "date": "2025-12-12", "close": 23.0, "volume": 215668, "typical_volume": 355647.1, "trend": 27.07, "fair_value": 42.910728, "relative_strength": -35.103001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.066371, "energy": 47.566904, "activity_lines": [ 22.996667, 23.061818, 24.119524, 25.244409 ] }, { "date": "2025-12-19", "close": 22.549999, "volume": 230196, "typical_volume": 358238.75, "trend": 26.728333, "fair_value": 42.75779, "relative_strength": -34.420084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.129131, "energy": 46.890966, "activity_lines": [ 22.863333, 22.933636, 23.868095, 24.952796 ] }, { "date": "2025-12-26", "close": 22.65, "volume": 202214, "typical_volume": 354776.45, "trend": 26.328333, "fair_value": 42.568542, "relative_strength": -35.30448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.304347, "energy": 45.597648, "activity_lines": [ 22.79, 22.854545, 23.647143, 24.689677 ] }, { "date": "2026-01-02", "close": 22.799999, "volume": 200597, "typical_volume": 294241.3, "trend": 25.968333, "fair_value": 42.379002, "relative_strength": -35.862887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.980113, "energy": 43.182034, "activity_lines": [ 22.763333, 22.814545, 23.458809, 24.462043 ] }, { "date": "2026-01-09", "close": 21.450001, "volume": 593261, "typical_volume": 304689.9, "trend": 25.591667, "fair_value": 42.194587, "relative_strength": -40.779162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.381089, "energy": 52.248565, "activity_lines": [ 22.3, 22.560909, 23.173333, 24.170538 ] }, { "date": "2026-01-16", "close": 22.25, "volume": 364731, "typical_volume": 309589.35, "trend": 25.333333, "fair_value": 41.999643, "relative_strength": -40.103359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.37827, "energy": 44.590972, "activity_lines": [ 22.22, 22.486364, 22.997143, 23.954946 ] }, { "date": "2026-01-23", "close": 21.950001, "volume": 566257, "typical_volume": 324723.2, "trend": 25.065, "fair_value": 41.824697, "relative_strength": -41.197627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.684125, "energy": 45.201483, "activity_lines": [ 22.09, 22.36, 22.821667, 23.736667 ] }, { "date": "2026-01-30", "close": 21.4, "volume": 349429, "typical_volume": 326678.35, "trend": 24.788333, "fair_value": 41.640587, "relative_strength": -42.137056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.493295, "energy": 49.48336, "activity_lines": [ 21.816667, 22.151818, 22.61881, 23.500215 ] }, { "date": "2026-02-06", "close": 21.299999, "volume": 290588, "typical_volume": 330100.4, "trend": 24.58, "fair_value": 41.40135, "relative_strength": -41.15198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.781054, "energy": 47.00479, "activity_lines": [ 21.593333, 21.947273, 22.430952, 23.275161 ] }, { "date": "2026-02-13", "close": 21.15, "volume": 133871, "typical_volume": 323488.95, "trend": 24.313333, "fair_value": 41.13422, "relative_strength": -43.881285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.431588, "energy": 48.597954, "activity_lines": [ 21.42, 21.746364, 22.257857, 23.053871 ] }, { "date": "2026-02-27", "close": 22.700001, "volume": 470684, "typical_volume": 336427.45, "trend": 24.133333, "fair_value": 40.8645, "relative_strength": -41.975266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.798368, "energy": 36.83192, "activity_lines": [ 21.783334, 21.864546, 22.252143, 22.949785 ] }, { "date": "2026-03-06", "close": 21.15, "volume": 1766075, "typical_volume": 411876.5, "trend": 23.94, "fair_value": 40.619291, "relative_strength": -42.074851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.988751, "energy": 37.309261, "activity_lines": [ 21.6, 21.706364, 22.110476, 22.757312 ] }, { "date": "2026-03-13", "close": 20.0, "volume": 515179, "typical_volume": 418525.0, "trend": 23.723333, "fair_value": 40.363578, "relative_strength": -43.929415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.635399, "energy": 44.472452, "activity_lines": [ 21.086667, 21.364546, 21.874048, 22.503118 ] }, { "date": "2026-03-20", "close": 20.0, "volume": 505924, "typical_volume": 428553.9, "trend": 23.41, "fair_value": 40.120391, "relative_strength": -43.155834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.639734, "energy": 45.49774, "activity_lines": [ 20.666667, 21.070909, 21.653333, 22.262903 ] }, { "date": "2026-03-27", "close": 20.5, "volume": 367342, "typical_volume": 431226.05, "trend": 23.146667, "fair_value": 39.892309, "relative_strength": -39.992478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.441026, "energy": 55.085406, "activity_lines": [ 20.5, 20.919091, 21.501905, 22.075161 ] }, { "date": "2026-04-03", "close": 19.549999, "volume": 308079, "typical_volume": 432208.0, "trend": 22.851667, "fair_value": 39.639348, "relative_strength": -40.811383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.691894, "energy": 66.123117, "activity_lines": [ 20.06, 20.611818, 21.273333, 21.843118 ] }, { "date": "2026-04-10", "close": 18.9, "volume": 584075, "typical_volume": 448381.35, "trend": 22.575, "fair_value": 39.363432, "relative_strength": -46.408323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.017518, "energy": 66.474403, "activity_lines": [ 19.613333, 20.235454, 20.996429, 21.588172 ] }, { "date": "2026-04-17", "close": 23.0, "volume": 2259594, "typical_volume": 553354.45, "trend": 22.456667, "fair_value": 39.128203, "relative_strength": -36.517784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.58852, "energy": 19.555015, "activity_lines": [ 20.683333, 20.66, 21.129286, 21.615591 ] }, { "date": "2026-04-24", "close": 25.1, "volume": 2579215, "typical_volume": 636161.2, "trend": 22.38, "fair_value": 38.900798, "relative_strength": -33.724268, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.189172, "energy": 10.514216, "activity_lines": [ 22.253333, 21.437273, 21.460238, 21.786129 ] }, { "date": "2026-05-01", "close": 29.4, "volume": 7656908, "typical_volume": 1007994.35, "trend": 22.516667, "fair_value": 38.741667, "relative_strength": -21.744472, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.652879, "energy": 44.521188, "activity_lines": [ 24.916667, 22.927273, 22.190714, 22.239032 ] }, { "date": "2026-05-08", "close": 27.799999, "volume": 4084041, "typical_volume": 1201413.0, "trend": 22.605, "fair_value": 38.577564, "relative_strength": -29.593604, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.730371, "energy": 54.437067, "activity_lines": [ 26.453333, 23.976363, 22.739286, 22.579892 ] }, { "date": "2026-05-15", "close": 24.799999, "volume": 1740572, "typical_volume": 1276931.8, "trend": 22.623333, "fair_value": 38.386538, "relative_strength": -35.492362, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.219614, "energy": 71.371221, "activity_lines": [ 26.439999, 24.387272, 22.979285, 22.721505 ] }, { "date": "2026-05-22", "close": 24.4, "volume": 1233173, "typical_volume": 1328479.75, "trend": 22.66, "fair_value": 38.19359, "relative_strength": -37.207556, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.303776, "energy": 64.732157, "activity_lines": [ 25.9, 24.659091, 23.170476, 22.836129 ] }, { "date": "2026-05-29", "close": 24.5, "volume": 2624361, "typical_volume": 1449667.95, "trend": 22.658333, "fair_value": 37.935256, "relative_strength": -39.19434, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.2017, "energy": 33.886972, "activity_lines": [ 25.3, 24.869091, 23.362857, 22.954839 ] }, { "date": "2026-06-05", "close": 24.049999, "volume": 1177370, "typical_volume": 1478873.4, "trend": 22.683333, "fair_value": 37.682372, "relative_strength": -39.347905, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.542238, "energy": 19.051051, "activity_lines": [ 24.589999, 24.915454, 23.504285, 23.044623 ] }, { "date": "2026-06-12", "close": 23.299999, "volume": 754205, "typical_volume": 1498347.1, "trend": 22.713333, "fair_value": 37.436218, "relative_strength": -38.667085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.620755, "energy": 18.63502, "activity_lines": [ 23.986666, 24.760909, 23.561904, 23.084408 ] }, { "date": "2026-06-19", "close": 22.700001, "volume": 514005, "typical_volume": 1495734.5, "trend": 22.705, "fair_value": 37.120192, "relative_strength": -41.906648, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.053316, "energy": 16.718075, "activity_lines": [ 23.483333, 24.429091, 23.557381, 23.083548 ] }, { "date": "2026-06-26", "close": 21.700001, "volume": 515083, "typical_volume": 1504017.2, "trend": 22.675, "fair_value": 36.830449, "relative_strength": -40.926083, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.423369, "energy": 14.992898, "activity_lines": [ 22.786667, 23.846364, 23.454047, 23.01871 ] }, { "date": "2026-07-03", "close": 22.549999, "volume": 369352, "typical_volume": 1507955.4, "trend": 22.66, "fair_value": 36.545513, "relative_strength": -40.332031, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.011909, "energy": 10.182477, "activity_lines": [ 22.553333, 23.441818, 23.430238, 23.010645 ] }, { "date": "2026-07-10", "close": 23.0, "volume": 409397, "typical_volume": 1521731.7, "trend": 22.653333, "fair_value": 36.28141, "relative_strength": -35.993529, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.098737, "energy": 12.099873, "activity_lines": [ 22.6, 23.165454, 23.443333, 23.03258 ] }, { "date": "2026-07-17", "close": 20.799999, "volume": 307265, "typical_volume": 1513560.75, "trend": 22.58, "fair_value": 36.028846, "relative_strength": -37.37618, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.52859, "energy": 20.036723, "activity_lines": [ 21.983333, 22.605454, 23.238095, 22.913011 ] }, { "date": "2026-07-24", "close": 20.700001, "volume": 245544, "typical_volume": 1437534.2, "trend": 22.518333, "fair_value": 35.773718, "relative_strength": -37.896204, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.569036, "energy": 29.784216, "activity_lines": [ 21.5, 22.154545, 23.032381, 22.79172 ] }, { "date": "2026-07-31", "close": 19.1, "volume": 405738, "typical_volume": 1432062.15, "trend": 22.4, "fair_value": 35.528846, "relative_strength": -40.853608, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.382392, "energy": 48.950177, "activity_lines": [ 20.616667, 21.487273, 22.676428, 22.571183 ] }, { "date": "2026-08-07", "close": 23.450001, "volume": 639307, "typical_volume": 1438731.3, "trend": 22.421667, "fair_value": 35.304167, "relative_strength": -28.05433, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.842847, "energy": 30.319391, "activity_lines": [ 21.356667, 21.707273, 22.739048, 22.638925 ] }, { "date": "2026-08-14", "close": 22.35, "volume": 1544102, "typical_volume": 1497569.3, "trend": 22.451667, "fair_value": 35.09359, "relative_strength": -32.721583, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.991476, "energy": 14.485414, "activity_lines": [ 21.67, 21.746364, 22.680476, 22.634301 ] } ], "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." } } }