{ "ticker": { "uuid": "0714aee2-73a0-4426-b9da-e589da54bc87", "symbol": "300994", "name": "Joy Kie Corporation Limited", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -64.562, "architecture_energy": 62.681, "architecture_maturity": 88.028, "architecture_confidence": 96, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 7.71, "rotation_up": 27.53, "upward_expansion": 12.0, "deceleration": 59.43, "rotation_down": 54.69, "downward_expansion": 85.33 }, "activity_lines": [ 10.531333, 10.685097, 11.495347, 12.406517 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 10.99, "trend_reference": 13.689959, "distance_from_trend": -0.197222, "trend_direction": "Weakening", "fair_value": 13.216593, "distance_from_fair_value": -0.168469, "fair_value_direction": "Weakening", "relative_strength": -30.836394, "relative_strength_direction": "Weakening", "price_momentum": -0.347774, "excess_performance": -0.355174, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.197222, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.118537, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.168469, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.217444, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.308364, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006561, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.347774, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.331535, "read": "Supply-led" } ], "volume": { "latest": 11501506, "relative_activity": 0.757676, "balance": 0.331535, "dry_up": 0.733611, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.07751, "annualized_volatility": 0.348721, "from_high_reference": -0.483015, "from_low_reference": 0.141225 }, "levels": { "trend_reference": 13.689959, "fair_value_reference": 13.216593, "structural_low": 9.63, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.007761, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.005552, "regime_survival": 0.722222, "best_return": 0.195773, "worst_return": -0.191472, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.061947, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.093226, "regime_survival": 0.714286, "best_return": 0.083851, "worst_return": -0.235173, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.094835, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.09608, "regime_survival": 0.5, "best_return": 0.168737, "worst_return": -0.383862, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.276181, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.206752, "regime_survival": 0.0, "best_return": 0.701115, "worst_return": -0.148752, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-26", "end": "2024-05-03", "tenure": "Established", "return": -0.061947, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-07-19", "tenure": "Developing", "return": -0.293788, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2024-09-27", "tenure": "Developing", "return": 0.017224, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-12-06", "tenure": "Developing", "return": 0.054482, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": -0.18598, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-03-14", "tenure": "Developing", "return": 0.140833, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-06-13", "tenure": "Established", "return": 0.217226, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-20", "end": "2025-07-18", "tenure": "Developing", "return": 0.076, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-10-10", "tenure": "Developing", "return": 0.053603, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-11-28", "tenure": "Developing", "return": -0.06436, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2026-01-16", "tenure": "Developing", "return": 0.031677, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.028818, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.094787, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.245192, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 15.07032, "volume": 9386527, "typical_volume": 10158738.1, "trend": 15.811222, "fair_value": 21.565084, "relative_strength": -5.2304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.81614, "energy": 20.592157, "activity_lines": [ 15.108209, 14.848274, 14.866182, 15.357728 ] }, { "date": "2023-08-04", "close": 14.681959, "volume": 6747619, "typical_volume": 9963512.9, "trend": 15.801541, "fair_value": 21.496934, "relative_strength": -8.400301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.160105, "energy": 13.593248, "activity_lines": [ 14.962968, 14.848001, 14.815547, 15.284872 ] }, { "date": "2023-08-11", "close": 14.018903, "volume": 4950310, "typical_volume": 9578793.6, "trend": 15.757104, "fair_value": 21.42362, "relative_strength": -8.658996, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.805785, "energy": 28.638149, "activity_lines": [ 14.59292, 14.732592, 14.708606, 15.169863 ] }, { "date": "2023-08-18", "close": 14.094681, "volume": 10188064, "typical_volume": 9325988.85, "trend": 15.721267, "fair_value": 21.352465, "relative_strength": -4.862185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.122654, "energy": 37.426818, "activity_lines": [ 14.380111, 14.635459, 14.623944, 15.06261 ] }, { "date": "2023-08-25", "close": 13.005374, "volume": 9267454, "typical_volume": 9321826.05, "trend": 15.623305, "fair_value": 21.272205, "relative_strength": -9.021906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.073857, "energy": 65.122648, "activity_lines": [ 13.859769, 14.329936, 14.453204, 14.887391 ] }, { "date": "2023-09-01", "close": 13.753681, "volume": 8951050, "typical_volume": 9368461.5, "trend": 15.525484, "fair_value": 21.2006, "relative_strength": -6.42262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.926022, "energy": 60.968026, "activity_lines": [ 13.719581, 14.18527, 14.374089, 14.76677 ] }, { "date": "2023-09-08", "close": 13.725264, "volume": 5737200, "typical_volume": 9324189.75, "trend": 15.428235, "fair_value": 21.130078, "relative_strength": -4.662911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.741375, "energy": 61.024283, "activity_lines": [ 13.657695, 14.041809, 14.303277, 14.650627 ] }, { "date": "2023-09-15", "close": 13.58318, "volume": 5646800, "typical_volume": 9113283.25, "trend": 15.248047, "fair_value": 21.059546, "relative_strength": -4.065005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.057586, "energy": 58.890093, "activity_lines": [ 13.612229, 13.888875, 14.225957, 14.531591 ] }, { "date": "2023-09-22", "close": 13.649487, "volume": 8661519, "typical_volume": 9455668.25, "trend": 15.075384, "fair_value": 20.990935, "relative_strength": -3.564119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.727112, "energy": 37.983819, "activity_lines": [ 13.617912, 13.791914, 14.158421, 14.428459 ] }, { "date": "2023-09-29", "close": 13.70632, "volume": 7950465, "typical_volume": 9546580.15, "trend": 14.870196, "fair_value": 20.924103, "relative_strength": -2.144668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.836678, "energy": 33.873524, "activity_lines": [ 13.67222, 13.728536, 14.098259, 14.340132 ] }, { "date": "2023-10-13", "close": 13.535819, "volume": 18184528, "typical_volume": 10032445.1, "trend": 14.734237, "fair_value": 20.856937, "relative_strength": -2.773229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.895032, "energy": 33.900135, "activity_lines": [ 13.622964, 13.657064, 14.02543, 14.254043 ] }, { "date": "2023-10-20", "close": 12.872763, "volume": 13049022, "typical_volume": 10445535.45, "trend": 14.626034, "fair_value": 20.785007, "relative_strength": -2.612207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.225512, "energy": 42.896876, "activity_lines": [ 13.367214, 13.492936, 13.89622, 14.133948 ] }, { "date": "2023-10-27", "close": 14.170459, "volume": 15135261, "typical_volume": 10803665.05, "trend": 14.525656, "fair_value": 20.725949, "relative_strength": 5.060255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.701932, "energy": 23.706554, "activity_lines": [ 13.600862, 13.597647, 13.900636, 14.104556 ] }, { "date": "2023-11-03", "close": 13.763152, "volume": 14228700, "typical_volume": 10636428.35, "trend": 14.390948, "fair_value": 20.664331, "relative_strength": 1.291662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.12543, "energy": 21.2364, "activity_lines": [ 13.65959, 13.625547, 13.866716, 14.055362 ] }, { "date": "2023-11-10", "close": 14.416737, "volume": 13303192, "typical_volume": 10568149.35, "trend": 14.295489, "fair_value": 20.609528, "relative_strength": 4.675845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.431442, "energy": 10.311168, "activity_lines": [ 13.928601, 13.778308, 13.893915, 14.057026 ] }, { "date": "2023-11-17", "close": 14.663014, "volume": 19745784, "typical_volume": 11226282.85, "trend": 14.248732, "fair_value": 20.557819, "relative_strength": 6.336117, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.643346, "energy": 12.255537, "activity_lines": [ 14.232344, 13.950186, 13.944343, 14.080737 ] }, { "date": "2023-11-24", "close": 14.43568, "volume": 9188098, "typical_volume": 11173002.65, "trend": 14.223249, "fair_value": 20.505042, "relative_strength": 6.055539, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.379125, "energy": 18.057748, "activity_lines": [ 14.385162, 14.064197, 13.970459, 14.092798 ] }, { "date": "2023-12-01", "close": 14.501987, "volume": 8920653, "typical_volume": 10664818.55, "trend": 14.229587, "fair_value": 20.453734, "relative_strength": 7.722464, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.441144, "energy": 25.15628, "activity_lines": [ 14.455888, 14.177347, 14.003792, 14.110782 ] }, { "date": "2023-12-08", "close": 13.867348, "volume": 8710523, "typical_volume": 10295422.75, "trend": 14.223122, "fair_value": 20.397917, "relative_strength": 4.73763, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.046249, "energy": 16.135974, "activity_lines": [ 14.292966, 14.158403, 13.983811, 14.087411 ] }, { "date": "2023-12-15", "close": 13.630542, "volume": 7361117, "typical_volume": 10265694.3, "trend": 14.195604, "fair_value": 20.341048, "relative_strength": 4.706755, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.561735, "energy": 13.129152, "activity_lines": [ 14.044162, 14.092442, 13.946328, 14.04918 ] }, { "date": "2023-12-22", "close": 13.592652, "volume": 6926555, "typical_volume": 10142695.7, "trend": 14.150119, "fair_value": 20.284812, "relative_strength": 6.245739, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.168792, "energy": 21.022755, "activity_lines": [ 13.835142, 14.02097, 13.911596, 14.01028 ] }, { "date": "2023-12-29", "close": 13.92418, "volume": 7280923, "typical_volume": 10169360.9, "trend": 14.114925, "fair_value": 20.232244, "relative_strength": 5.327417, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.377071, "energy": 22.180343, "activity_lines": [ 13.807988, 14.008742, 13.915475, 13.995703 ] }, { "date": "2024-01-05", "close": 13.592652, "volume": 5720174, "typical_volume": 10207854.1, "trend": 14.092471, "fair_value": 20.177822, "relative_strength": 7.222752, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.733956, "energy": 25.659967, "activity_lines": [ 13.704425, 13.917119, 13.891389, 13.962008 ] }, { "date": "2024-01-12", "close": 13.422153, "volume": 5774428, "typical_volume": 9987172.3, "trend": 14.088997, "fair_value": 20.122897, "relative_strength": 7.095509, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.186469, "energy": 40.752093, "activity_lines": [ 13.604651, 13.805003, 13.853094, 13.918762 ] }, { "date": "2024-01-19", "close": 12.702262, "volume": 7563123, "typical_volume": 9901955.75, "trend": 14.033427, "fair_value": 20.063054, "relative_strength": 3.628903, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.845727, "energy": 56.518224, "activity_lines": [ 13.294593, 13.568197, 13.74944, 13.829295 ] }, { "date": "2024-01-26", "close": 11.773985, "volume": 10265688, "typical_volume": 9967687.65, "trend": 13.955755, "fair_value": 19.996741, "relative_strength": -3.721686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.684388, "energy": 79.035996, "activity_lines": [ 12.736994, 13.193785, 13.558823, 13.683525 ] }, { "date": "2024-02-02", "close": 9.102815, "volume": 12283860, "typical_volume": 10295020.65, "trend": 13.771678, "fair_value": 19.910281, "relative_strength": -18.811051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.959916, "energy": 94.982082, "activity_lines": [ 11.410251, 12.386235, 13.123236, 13.370432 ] }, { "date": "2024-02-09", "close": 8.184009, "volume": 28072054, "typical_volume": 11416283.35, "trend": 13.511191, "fair_value": 19.817948, "relative_strength": -32.911994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.413853, "energy": 98.203333, "activity_lines": [ 10.098662, 11.50859, 12.622155, 13.009937 ] }, { "date": "2024-02-23", "close": 9.462759, "volume": 19845440, "typical_volume": 11975479.4, "trend": 13.329009, "fair_value": 19.737049, "relative_strength": -24.19272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.044477, "energy": 89.804788, "activity_lines": [ 9.573901, 10.978317, 12.26857, 12.748748 ] }, { "date": "2024-03-01", "close": 9.519593, "volume": 23458739, "typical_volume": 12750893.1, "trend": 13.147458, "fair_value": 19.657843, "relative_strength": -26.058364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.219254, "energy": 88.268024, "activity_lines": [ 9.332043, 10.538461, 11.940335, 12.502979 ] }, { "date": "2024-03-08", "close": 9.415398, "volume": 16056311, "typical_volume": 12644482.25, "trend": 12.95896, "fair_value": 19.579055, "relative_strength": -25.734767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.464074, "energy": 82.138219, "activity_lines": [ 9.267631, 10.154405, 11.622113, 12.262201 ] }, { "date": "2024-03-15", "close": 10.087927, "volume": 14776439, "typical_volume": 12730853.1, "trend": 12.805826, "fair_value": 19.506604, "relative_strength": -21.750748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.126142, "energy": 60.446562, "activity_lines": [ 9.584636, 9.968577, 11.387562, 12.076973 ] }, { "date": "2024-03-22", "close": 10.296316, "volume": 13346818, "typical_volume": 12641430.95, "trend": 12.68174, "fair_value": 19.436829, "relative_strength": -19.20392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.981591, "energy": 47.169504, "activity_lines": [ 9.905428, 9.890388, 11.186119, 11.915069 ] }, { "date": "2024-03-29", "close": 9.983732, "volume": 9854686, "typical_volume": 12422730.25, "trend": 12.544708, "fair_value": 19.365753, "relative_strength": -19.859351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.194496, "energy": 40.689029, "activity_lines": [ 9.981206, 9.815299, 10.973355, 11.741004 ] }, { "date": "2024-04-05", "close": 10.495233, "volume": 8028833, "typical_volume": 12159012.3, "trend": 12.461037, "fair_value": 19.299555, "relative_strength": -16.567004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.361679, "energy": 32.154394, "activity_lines": [ 10.192753, 9.895727, 10.827302, 11.60878 ] }, { "date": "2024-04-12", "close": 10.068982, "volume": 19334598, "typical_volume": 12138453.0, "trend": 12.338213, "fair_value": 19.231181, "relative_strength": -16.690584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.227105, "energy": 29.803917, "activity_lines": [ 10.197173, 9.938782, 10.659328, 11.454454 ] }, { "date": "2024-04-19", "close": 10.703622, "volume": 35819112, "typical_volume": 13470003.7, "trend": 12.237492, "fair_value": 19.168478, "relative_strength": -11.551364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.506152, "energy": 23.306511, "activity_lines": [ 10.369568, 10.128227, 10.573672, 11.348997 ] }, { "date": "2024-04-26", "close": 11.186707, "volume": 53491611, "typical_volume": 15698551.6, "trend": 12.157609, "fair_value": 19.110217, "relative_strength": -9.12059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.947233, "energy": 18.397156, "activity_lines": [ 10.661944, 10.3764, 10.551796, 11.281204 ] }, { "date": "2024-05-03", "close": 11.044622, "volume": 13610820, "typical_volume": 15943566.45, "trend": 12.070781, "fair_value": 19.051771, "relative_strength": -11.197624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.703469, "energy": 14.473591, "activity_lines": [ 10.8476, 10.544144, 10.532175, 11.209398 ] }, { "date": "2024-05-10", "close": 13.270597, "volume": 52468492, "typical_volume": 18198935.2, "trend": 12.056257, "fair_value": 19.010179, "relative_strength": 4.961793, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 17.065211, "energy": 25.693749, "activity_lines": [ 11.704521, 11.08785, 10.737993, 11.286806 ] }, { "date": "2024-05-17", "close": 12.617013, "volume": 54594829, "typical_volume": 20582348.9, "trend": 12.02563, "fair_value": 18.964514, "relative_strength": -0.045267, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.230699, "energy": 38.059486, "activity_lines": [ 12.158557, 11.444523, 10.883279, 11.322984 ] }, { "date": "2024-05-24", "close": 11.129872, "volume": 25232641, "typical_volume": 21479934.8, "trend": 11.967533, "fair_value": 18.908949, "relative_strength": -8.98336, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.069202, "energy": 27.596584, "activity_lines": [ 11.94701, 11.472595, 10.891578, 11.265193 ] }, { "date": "2024-05-31", "close": 11.262484, "volume": 20975279, "typical_volume": 22242690.05, "trend": 11.870601, "fair_value": 18.855101, "relative_strength": -7.106004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.354128, "energy": 24.339251, "activity_lines": [ 11.751251, 11.505834, 10.925814, 11.219706 ] }, { "date": "2024-06-07", "close": 10.164253, "volume": 19788899, "typical_volume": 22943413.6, "trend": 11.750638, "fair_value": 18.794326, "relative_strength": -14.831934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.796673, "energy": 16.904174, "activity_lines": [ 11.184363, 11.321828, 10.866552, 11.109619 ] }, { "date": "2024-06-14", "close": 10.457734, "volume": 8628543, "typical_volume": 22996684.6, "trend": 11.618671, "fair_value": 18.736433, "relative_strength": -12.121611, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.831886, "energy": 25.730465, "activity_lines": [ 10.773993, 11.1879, 10.850754, 11.026206 ] }, { "date": "2024-06-21", "close": 11.51427, "volume": 19672525, "typical_volume": 23467026.45, "trend": 11.513713, "fair_value": 18.686625, "relative_strength": -1.268142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.98414, "energy": 18.156696, "activity_lines": [ 10.903326, 11.246751, 10.946267, 11.01947 ] }, { "date": "2024-06-28", "close": 10.751217, "volume": 38905161, "typical_volume": 24798091.5, "trend": 11.390897, "fair_value": 18.632273, "relative_strength": -5.480343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.481208, "energy": 17.903278, "activity_lines": [ 10.851824, 11.140587, 10.970345, 10.970277 ] }, { "date": "2024-07-05", "close": 9.90012, "volume": 17311759, "typical_volume": 24260076.75, "trend": 11.237502, "fair_value": 18.57287, "relative_strength": -11.248115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.704596, "energy": 24.202632, "activity_lines": [ 10.541867, 10.878813, 10.905517, 10.874098 ] }, { "date": "2024-07-12", "close": 10.105556, "volume": 13561499, "typical_volume": 23945879.7, "trend": 11.112109, "fair_value": 18.515659, "relative_strength": -10.781051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.707888, "energy": 22.95389, "activity_lines": [ 10.391212, 10.677784, 10.852082, 10.801069 ] }, { "date": "2024-07-19", "close": 9.371852, "volume": 10129143, "typical_volume": 23279399.9, "trend": 10.970152, "fair_value": 18.454291, "relative_strength": -17.196828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.185212, "energy": 45.346286, "activity_lines": [ 9.999903, 10.360428, 10.725709, 10.688794 ] }, { "date": "2024-07-26", "close": 9.655551, "volume": 13495329, "typical_volume": 23151350.8, "trend": 10.838916, "fair_value": 18.395632, "relative_strength": -11.352612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.901645, "energy": 51.401486, "activity_lines": [ 9.775553, 10.165539, 10.62706, 10.603981 ] }, { "date": "2024-08-02", "close": 9.450114, "volume": 10781878, "typical_volume": 22951622.75, "trend": 10.68978, "fair_value": 18.336391, "relative_strength": -12.42456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.490102, "energy": 55.459045, "activity_lines": [ 9.606637, 9.987143, 10.507701, 10.514381 ] }, { "date": "2024-08-09", "close": 9.088153, "volume": 8799099, "typical_volume": 22724236.8, "trend": 10.53963, "fair_value": 18.275547, "relative_strength": -13.813829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.626886, "energy": 63.270024, "activity_lines": [ 9.403809, 9.773478, 10.356906, 10.411051 ] }, { "date": "2024-08-16", "close": 8.951195, "volume": 7181000, "typical_volume": 22590552.5, "trend": 10.390598, "fair_value": 18.214603, "relative_strength": -14.359726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.420987, "energy": 65.326642, "activity_lines": [ 9.209459, 9.574444, 10.198822, 10.308571 ] }, { "date": "2024-08-23", "close": 8.559886, "volume": 6385644, "typical_volume": 22508393.05, "trend": 10.252519, "fair_value": 18.15191, "relative_strength": -16.099222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.155228, "energy": 72.292287, "activity_lines": [ 8.96163, 9.326318, 10.008386, 10.19046 ] }, { "date": "2024-08-30", "close": 8.941413, "volume": 10227100, "typical_volume": 22053018.15, "trend": 10.1581, "fair_value": 18.092488, "relative_strength": -13.740112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.907387, "energy": 67.742214, "activity_lines": [ 8.895108, 9.182067, 9.863503, 10.105873 ] }, { "date": "2024-09-06", "close": 8.941413, "volume": 39496005, "typical_volume": 22236862.8, "trend": 10.15272, "fair_value": 18.033827, "relative_strength": -11.177154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.952381, "energy": 62.800501, "activity_lines": [ 8.876195, 9.084596, 9.723989, 10.027377 ] }, { "date": "2024-09-13", "close": 8.696844, "volume": 10706735, "typical_volume": 20097619.0, "trend": 10.169814, "fair_value": 17.92634, "relative_strength": -11.704867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.614242, "energy": 57.763005, "activity_lines": [ 8.809672, 8.975563, 9.569574, 9.93345 ] }, { "date": "2024-09-20", "close": 8.794671, "volume": 6467800, "typical_volume": 19740468.0, "trend": 10.147545, "fair_value": 17.834041, "relative_strength": -11.3849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.800514, "energy": 47.054804, "activity_lines": [ 8.801845, 8.906195, 9.436332, 9.844731 ] }, { "date": "2024-09-27", "close": 9.821857, "volume": 15416764, "typical_volume": 17887881.6, "trend": 10.15762, "fair_value": 17.708083, "relative_strength": -15.604648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.392008, "energy": 29.522303, "activity_lines": [ 9.146849, 9.047421, 9.411632, 9.823719 ] }, { "date": "2024-10-04", "close": 11.132743, "volume": 8217598, "typical_volume": 15569020.05, "trend": 10.214865, "fair_value": 17.616164, "relative_strength": -13.173425, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.318026, "energy": 14.01978, "activity_lines": [ 9.844684, 9.418809, 9.5282, 9.88663 ] }, { "date": "2024-10-11", "close": 10.271863, "volume": 25501444, "typical_volume": 15582460.2, "trend": 10.220996, "fair_value": 17.505154, "relative_strength": -15.707169, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -4.985594, "energy": 20.241957, "activity_lines": [ 10.10947, 9.606815, 9.569848, 9.890307 ] }, { "date": "2024-10-18", "close": 10.516431, "volume": 13587497, "typical_volume": 15213071.1, "trend": 10.228333, "fair_value": 17.416211, "relative_strength": -15.73402, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.769179, "energy": 31.83102, "activity_lines": [ 10.367081, 9.824348, 9.638874, 9.909367 ] }, { "date": "2024-10-25", "close": 11.025133, "volume": 14640819, "typical_volume": 14955667.1, "trend": 10.263047, "fair_value": 17.33656, "relative_strength": -13.414659, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.84128, "energy": 38.888088, "activity_lines": [ 10.672955, 10.108403, 9.7599, 9.960774 ] }, { "date": "2024-11-01", "close": 10.242516, "volume": 18908914, "typical_volume": 15469685.65, "trend": 10.254623, "fair_value": 17.240301, "relative_strength": -17.675034, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.496731, "energy": 33.580613, "activity_lines": [ 10.569258, 10.212455, 9.802292, 9.959449 ] }, { "date": "2024-11-08", "close": 11.211005, "volume": 19851095, "typical_volume": 15478614.15, "trend": 10.29269, "fair_value": 17.142521, "relative_strength": -15.053379, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.966802, "energy": 39.57987, "activity_lines": [ 10.760348, 10.462004, 9.937946, 10.021151 ] }, { "date": "2024-11-15", "close": 10.966436, "volume": 16187995, "typical_volume": 14342755.85, "trend": 10.301451, "fair_value": 17.022722, "relative_strength": -13.116022, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.185076, "energy": 27.118552, "activity_lines": [ 10.864696, 10.62582, 10.051752, 10.064619 ] }, { "date": "2024-11-22", "close": 10.946871, "volume": 15061760, "typical_volume": 14230255.9, "trend": 10.293456, "fair_value": 16.911071, "relative_strength": -10.073913, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.032905, "energy": 26.02082, "activity_lines": [ 10.916219, 10.74926, 10.162669, 10.106259 ] }, { "date": "2024-11-29", "close": 11.709924, "volume": 19893071, "typical_volume": 14546834.5, "trend": 10.315633, "fair_value": 16.810208, "relative_strength": -4.802996, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.395315, "energy": 39.731623, "activity_lines": [ 11.193396, 10.970528, 10.341274, 10.197644 ] }, { "date": "2024-12-06", "close": 11.739272, "volume": 22604608, "typical_volume": 15170607.75, "trend": 10.264589, "fair_value": 16.68823, "relative_strength": -5.519599, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.623216, "energy": 56.078889, "activity_lines": [ 11.434703, 11.144127, 10.515034, 10.289491 ] }, { "date": "2024-12-13", "close": 13.676251, "volume": 48616868, "typical_volume": 16926684.7, "trend": 10.299897, "fair_value": 16.543484, "relative_strength": 11.198638, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.160387, "energy": 76.635303, "activity_lines": [ 12.221886, 11.635041, 10.861994, 10.509599 ] }, { "date": "2024-12-20", "close": 12.570805, "volume": 43588567, "typical_volume": 18567019.15, "trend": 10.347928, "fair_value": 16.36978, "relative_strength": 3.31848, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.337929, "energy": 70.833052, "activity_lines": [ 12.476238, 11.87872, 11.084528, 10.656109 ] }, { "date": "2024-12-27", "close": 11.543618, "volume": 20598169, "typical_volume": 19156972.65, "trend": 10.357299, "fair_value": 16.182835, "relative_strength": -4.614956, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.313404, "energy": 57.666024, "activity_lines": [ 12.281235, 11.893839, 11.194374, 10.73325 ] }, { "date": "2025-01-03", "close": 10.291429, "volume": 9910470, "typical_volume": 19293446.15, "trend": 10.361538, "fair_value": 15.993806, "relative_strength": -7.747599, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.080982, "energy": 28.320961, "activity_lines": [ 11.629054, 11.662611, 11.173272, 10.729 ] }, { "date": "2025-01-10", "close": 10.242516, "volume": 11269372, "typical_volume": 19537632.55, "trend": 10.354364, "fair_value": 15.809694, "relative_strength": -6.527407, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.959164, "energy": 17.992259, "activity_lines": [ 11.055134, 11.43583, 11.141128, 10.721322 ] }, { "date": "2025-01-17", "close": 11.142526, "volume": 19363048, "typical_volume": 19994429.95, "trend": 10.341973, "fair_value": 15.637484, "relative_strength": -1.299444, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.062796, "energy": 22.936433, "activity_lines": [ 10.881001, 11.372687, 11.186688, 10.772171 ] }, { "date": "2025-01-24", "close": 11.132743, "volume": 10215884, "typical_volume": 18530423.9, "trend": 10.35469, "fair_value": 15.476767, "relative_strength": -2.027917, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.637593, "energy": 21.323454, "activity_lines": [ 10.872523, 11.30901, 11.220834, 10.823188 ] }, { "date": "2025-01-31", "close": 11.044699, "volume": 2311044, "typical_volume": 18110639.35, "trend": 10.392843, "fair_value": 15.321143, "relative_strength": -1.053256, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.937495, "energy": 13.088046, "activity_lines": [ 10.930567, 11.226302, 11.236161, 10.867705 ] }, { "date": "2025-02-07", "close": 11.338181, "volume": 6715540, "typical_volume": 18123026.35, "trend": 10.43393, "fair_value": 15.189367, "relative_strength": -2.358257, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.594554, "energy": 10.538929, "activity_lines": [ 11.1197, 11.195175, 11.268257, 10.928694 ] }, { "date": "2025-02-14", "close": 11.269702, "volume": 11229660, "typical_volume": 17913671.15, "trend": 10.497192, "fair_value": 15.060814, "relative_strength": -4.715291, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.269107, "energy": 15.47255, "activity_lines": [ 11.216223, 11.158357, 11.28172, 10.982615 ] }, { "date": "2025-02-21", "close": 11.328398, "volume": 15043730, "typical_volume": 18254977.75, "trend": 10.552954, "fair_value": 14.949184, "relative_strength": -6.306264, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.790727, "energy": 17.169113, "activity_lines": [ 11.263832, 11.140748, 11.293879, 11.036241 ] }, { "date": "2025-02-28", "close": 11.005568, "volume": 14976119, "typical_volume": 17728711.5, "trend": 10.604802, "fair_value": 14.841713, "relative_strength": -5.761928, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.895285, "energy": 14.27156, "activity_lines": [ 11.19144, 11.107131, 11.27436, 11.065442 ] }, { "date": "2025-03-07", "close": 11.846882, "volume": 19593030, "typical_volume": 18028988.15, "trend": 10.69676, "fair_value": 14.747528, "relative_strength": -0.884528, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.160219, "energy": 21.782406, "activity_lines": [ 11.407964, 11.254939, 11.331472, 11.145577 ] }, { "date": "2025-03-14", "close": 12.600152, "volume": 32738039, "typical_volume": 18933849.15, "trend": 10.818392, "fair_value": 14.650849, "relative_strength": 3.947158, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.635758, "energy": 52.277665, "activity_lines": [ 11.822099, 11.534191, 11.453989, 11.268376 ] }, { "date": "2025-03-21", "close": 12.834937, "volume": 35468651, "typical_volume": 19761836.0, "trend": 10.960893, "fair_value": 14.561809, "relative_strength": 8.529196, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.338911, "energy": 67.062353, "activity_lines": [ 12.230365, 11.814155, 11.591367, 11.398476 ] }, { "date": "2025-03-28", "close": 12.41428, "volume": 25271860, "typical_volume": 20032874.25, "trend": 11.076656, "fair_value": 14.486524, "relative_strength": 5.567311, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.883053, "energy": 68.21289, "activity_lines": [ 12.394062, 11.9705, 11.676337, 11.492243 ] }, { "date": "2025-04-04", "close": 13.695818, "volume": 26890702, "typical_volume": 20568009.6, "trend": 11.235136, "fair_value": 14.431199, "relative_strength": 18.723107, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.712516, "energy": 79.188052, "activity_lines": [ 12.912547, 12.33673, 11.877628, 11.661221 ] }, { "date": "2025-04-11", "close": 11.064264, "volume": 39482236, "typical_volume": 21789033.4, "trend": 11.31405, "fair_value": 14.362951, "relative_strength": 1.033498, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.887477, "energy": 31.397398, "activity_lines": [ 12.374497, 12.177894, 11.815298, 11.650197 ] }, { "date": "2025-04-18", "close": 13.030592, "volume": 104191023, "typical_volume": 26003931.0, "trend": 11.455247, "fair_value": 14.271504, "relative_strength": 19.263214, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.089456, "energy": 33.815651, "activity_lines": [ 12.544064, 12.376217, 11.939678, 11.760942 ] }, { "date": "2025-04-25", "close": 16.483894, "volume": 100290939, "typical_volume": 29888247.55, "trend": 11.677315, "fair_value": 14.239851, "relative_strength": 47.589716, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.778935, "energy": 52.83762, "activity_lines": [ 13.836036, 13.171641, 12.386656, 12.08537 ] }, { "date": "2025-05-02", "close": 15.309967, "volume": 54607846, "typical_volume": 30187796.45, "trend": 11.816556, "fair_value": 14.20947, "relative_strength": 36.398843, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.893577, "energy": 49.919889, "activity_lines": [ 14.493436, 13.658821, 12.699237, 12.319735 ] }, { "date": "2025-05-09", "close": 17.188251, "volume": 96969369, "typical_volume": 32856836.55, "trend": 12.047102, "fair_value": 14.205061, "relative_strength": 48.857786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.704397, "energy": 77.734136, "activity_lines": [ 15.583884, 14.415115, 13.182923, 12.666296 ] }, { "date": "2025-05-16", "close": 16.777376, "volume": 91342254, "typical_volume": 36394040.8, "trend": 12.2558, "fair_value": 14.180615, "relative_strength": 43.701148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.333867, "energy": 76.581264, "activity_lines": [ 16.304544, 14.984291, 13.60549, 12.971475 ] }, { "date": "2025-05-23", "close": 15.994759, "volume": 71742558, "typical_volume": 39485645.2, "trend": 12.421454, "fair_value": 14.149773, "relative_strength": 36.724361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.912709, "energy": 62.291418, "activity_lines": [ 16.383459, 15.321529, 13.9286, 13.212698 ] }, { "date": "2025-05-30", "close": 15.114313, "volume": 48316351, "typical_volume": 41337994.15, "trend": 12.583848, "fair_value": 14.111576, "relative_strength": 29.725345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.070847, "energy": 44.539816, "activity_lines": [ 15.97128, 15.436965, 14.140699, 13.386431 ] }, { "date": "2025-06-06", "close": 15.720841, "volume": 29711858, "typical_volume": 41855434.65, "trend": 12.734175, "fair_value": 14.064001, "relative_strength": 32.060345, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.713609, "energy": 36.959946, "activity_lines": [ 15.852582, 15.621236, 14.387363, 13.588818 ] }, { "date": "2025-06-13", "close": 15.623014, "volume": 46542523, "typical_volume": 43671766.6, "trend": 12.889395, "fair_value": 14.018177, "relative_strength": 31.145706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.125288, "energy": 26.389863, "activity_lines": [ 15.673884, 15.727601, 14.602909, 13.775194 ] }, { "date": "2025-06-20", "close": 14.67409, "volume": 22033976, "typical_volume": 44657913.2, "trend": 13.013635, "fair_value": 13.967505, "relative_strength": 24.222757, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.498669, "energy": 20.554999, "activity_lines": [ 15.283228, 15.626394, 14.706699, 13.890336 ] }, { "date": "2025-06-27", "close": 15.045834, "volume": 21332202, "typical_volume": 45388746.3, "trend": 13.124832, "fair_value": 13.923877, "relative_strength": 22.318161, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.838043, "energy": 18.720537, "activity_lines": [ 15.156704, 15.527144, 14.828611, 14.021446 ] }, { "date": "2025-07-04", "close": 15.603449, "volume": 33506600, "typical_volume": 46502593.3, "trend": 13.253638, "fair_value": 13.876916, "relative_strength": 24.57967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.553372, "energy": 18.491957, "activity_lines": [ 15.279315, 15.492637, 14.985973, 14.181356 ] }, { "date": "2025-07-11", "close": 15.495839, "volume": 22881814, "typical_volume": 46894497.5, "trend": 13.314291, "fair_value": 13.811744, "relative_strength": 20.953651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.005264, "energy": 18.527151, "activity_lines": [ 15.333446, 15.454574, 15.112449, 14.326014 ] }, { "date": "2025-07-18", "close": 15.78932, "volume": 20947180, "typical_volume": 47193050.55, "trend": 13.421575, "fair_value": 13.748162, "relative_strength": 20.026158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.243536, "energy": 27.139773, "activity_lines": [ 15.500404, 15.466491, 15.247032, 14.485694 ] }, { "date": "2025-07-25", "close": 16.4252, "volume": 22873927, "typical_volume": 47357095.4, "trend": 13.584294, "fair_value": 13.69693, "relative_strength": 21.343897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.450486, "energy": 41.980386, "activity_lines": [ 15.868235, 15.619457, 15.419394, 14.679476 ] }, { "date": "2025-08-01", "close": 16.50346, "volume": 41402920, "typical_volume": 47790339.45, "trend": 13.791362, "fair_value": 13.645712, "relative_strength": 23.108592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.336946, "energy": 48.572679, "activity_lines": [ 16.145412, 15.793056, 15.577408, 14.867809 ] }, { "date": "2025-08-08", "close": 17.051292, "volume": 24266775, "typical_volume": 47230245.65, "trend": 14.018321, "fair_value": 13.618205, "relative_strength": 24.741323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.334192, "energy": 64.023761, "activity_lines": [ 16.508025, 16.057012, 15.76901, 15.078127 ] }, { "date": "2025-08-15", "close": 17.129555, "volume": 17533971, "typical_volume": 46843351.2, "trend": 14.217889, "fair_value": 13.598158, "relative_strength": 19.117396, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.899574, "energy": 69.968447, "activity_lines": [ 16.800203, 16.299979, 15.947987, 15.278852 ] }, { "date": "2025-08-22", "close": 17.941521, "volume": 24985280, "typical_volume": 46748080.1, "trend": 14.444848, "fair_value": 13.585312, "relative_strength": 18.524055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.135704, "energy": 78.112533, "activity_lines": [ 17.254121, 16.664964, 16.181841, 15.519086 ] }, { "date": "2025-08-29", "close": 18.978489, "volume": 70927113, "typical_volume": 48320323.95, "trend": 14.709308, "fair_value": 13.587144, "relative_strength": 19.357941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.952427, "energy": 81.804271, "activity_lines": [ 17.910216, 17.176334, 16.494236, 15.811579 ] }, { "date": "2025-09-05", "close": 19.135014, "volume": 57048666, "typical_volume": 45963206.1, "trend": 14.969202, "fair_value": 13.585015, "relative_strength": 20.573823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.973176, "energy": 80.895832, "activity_lines": [ 18.448266, 17.637901, 16.783852, 16.097109 ] }, { "date": "2025-09-12", "close": 18.401308, "volume": 32309913, "typical_volume": 42564154.8, "trend": 15.206923, "fair_value": 13.572197, "relative_strength": 12.384454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.361984, "energy": 73.346739, "activity_lines": [ 18.566311, 17.891718, 16.974521, 16.318535 ] }, { "date": "2025-09-19", "close": 19.467627, "volume": 40744319, "typical_volume": 41870978.45, "trend": 15.47823, "fair_value": 13.575947, "relative_strength": 16.85219, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.981423, "energy": 69.372134, "activity_lines": [ 18.949794, 18.288541, 17.257615, 16.593419 ] }, { "date": "2025-09-26", "close": 17.29586, "volume": 33773541, "typical_volume": 38711187.05, "trend": 15.687907, "fair_value": 13.568842, "relative_strength": 2.302933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.55652, "energy": 45.309565, "activity_lines": [ 18.453483, 18.218283, 17.314075, 16.710685 ] }, { "date": "2025-10-03", "close": 17.413254, "volume": 7196935, "typical_volume": 34503921.1, "trend": 15.873452, "fair_value": 13.557964, "relative_strength": 0.233137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.419801, "energy": 30.866226, "activity_lines": [ 18.039348, 18.141978, 17.381203, 16.821998 ] }, { "date": "2025-10-10", "close": 17.305645, "volume": 7233808, "typical_volume": 31278483.6, "trend": 16.030302, "fair_value": 13.55209, "relative_strength": 0.476417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.17048, "energy": 21.883053, "activity_lines": [ 17.693692, 18.028143, 17.435055, 16.914398 ] }, { "date": "2025-10-17", "close": 17.442602, "volume": 21489792, "typical_volume": 29937155.65, "trend": 16.183891, "fair_value": 13.558969, "relative_strength": 6.022766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.859725, "energy": 21.332321, "activity_lines": [ 17.515647, 17.924624, 17.495708, 17.005514 ] }, { "date": "2025-10-24", "close": 18.200001, "volume": 14813550, "typical_volume": 29192240.25, "trend": 16.376748, "fair_value": 13.576934, "relative_strength": 5.113165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.375833, "energy": 19.253355, "activity_lines": [ 17.653981, 17.951699, 17.617407, 17.135585 ] }, { "date": "2025-10-31", "close": 18.25, "volume": 40666941, "typical_volume": 28898461.15, "trend": 16.528554, "fair_value": 13.587869, "relative_strength": 4.109613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.4039, "energy": 19.722365, "activity_lines": [ 17.89349, 17.968402, 17.732063, 17.25644 ] }, { "date": "2025-11-07", "close": 17.6, "volume": 14892985, "typical_volume": 28541411.6, "trend": 16.746412, "fair_value": 13.597413, "relative_strength": -0.243862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.770711, "energy": 18.627014, "activity_lines": [ 17.852723, 17.861315, 17.772304, 17.325566 ] }, { "date": "2025-11-14", "close": 17.5, "volume": 13347484, "typical_volume": 28142175.7, "trend": 16.895392, "fair_value": 13.617849, "relative_strength": 0.155818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.401934, "energy": 17.499514, "activity_lines": [ 17.766174, 17.761109, 17.789088, 17.374184 ] }, { "date": "2025-11-21", "close": 15.9, "volume": 14586775, "typical_volume": 27196184.45, "trend": 16.875929, "fair_value": 13.619999, "relative_strength": -4.38601, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.180374, "energy": 7.159016, "activity_lines": [ 17.133333, 17.399722, 17.641805, 17.309966 ] }, { "date": "2025-11-28", "close": 16.32, "volume": 10531242, "typical_volume": 26578655.85, "trend": 16.909597, "fair_value": 13.625815, "relative_strength": -5.441868, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.875985, "energy": 27.565468, "activity_lines": [ 16.743333, 17.160177, 17.53311, 17.274099 ] }, { "date": "2025-12-05", "close": 16.1, "volume": 9398002, "typical_volume": 26001196.95, "trend": 16.873322, "fair_value": 13.62803, "relative_strength": -8.059137, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.891549, "energy": 43.357621, "activity_lines": [ 16.405333, 16.937861, 17.399538, 17.221867 ] }, { "date": "2025-12-12", "close": 15.54, "volume": 9235040, "typical_volume": 25319252.6, "trend": 16.832076, "fair_value": 13.62943, "relative_strength": -11.86472, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.453167, "energy": 55.115896, "activity_lines": [ 16.024, 16.63547, 17.211153, 17.135846 ] }, { "date": "2025-12-19", "close": 15.89, "volume": 14471754, "typical_volume": 23972694.3, "trend": 16.828584, "fair_value": 13.63137, "relative_strength": -9.107084, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.885716, "energy": 54.153146, "activity_lines": [ 15.896667, 16.430775, 17.060317, 17.075067 ] }, { "date": "2025-12-26", "close": 15.7, "volume": 9658449, "typical_volume": 23242278.0, "trend": 16.848107, "fair_value": 13.624694, "relative_strength": -13.34406, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.711103, "energy": 56.114451, "activity_lines": [ 15.813333, 16.217273, 16.894306, 17.002255 ] }, { "date": "2026-01-02", "close": 15.79, "volume": 5704722, "typical_volume": 22650815.55, "trend": 16.850412, "fair_value": 13.622197, "relative_strength": -12.500333, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.193946, "energy": 48.817219, "activity_lines": [ 15.773333, 16.051818, 16.743302, 16.93399 ] }, { "date": "2026-01-09", "close": 16.35, "volume": 13903613, "typical_volume": 22096732.2, "trend": 16.874645, "fair_value": 13.632731, "relative_strength": -13.356093, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.413675, "energy": 27.964517, "activity_lines": [ 15.955333, 16.032, 16.65201, 16.901706 ] }, { "date": "2026-01-16", "close": 16.610001, "volume": 18779052, "typical_volume": 19489329.15, "trend": 16.939176, "fair_value": 13.643228, "relative_strength": -13.053377, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -43.035976, "energy": 27.996291, "activity_lines": [ 16.207334, 16.094, 16.593059, 16.884632 ] }, { "date": "2026-01-23", "close": 17.35, "volume": 18256623, "typical_volume": 17549727.0, "trend": 17.015981, "fair_value": 13.656036, "relative_strength": -10.331805, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.694447, "energy": 17.347322, "activity_lines": [ 16.634667, 16.308546, 16.615862, 16.911137 ] }, { "date": "2026-01-30", "close": 16.85, "volume": 15745654, "typical_volume": 16721514.05, "trend": 17.057533, "fair_value": 13.666806, "relative_strength": -11.607974, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.761922, "energy": 24.611003, "activity_lines": [ 16.798, 16.434909, 16.599546, 16.900428 ] }, { "date": "2026-02-06", "close": 16.879999, "volume": 12632135, "typical_volume": 15315904.85, "trend": 17.103672, "fair_value": 13.672805, "relative_strength": -9.729103, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.378162, "energy": 22.79863, "activity_lines": [ 16.894666, 16.549454, 16.593475, 16.888974 ] }, { "date": "2026-02-13", "close": 16.65, "volume": 11068276, "typical_volume": 14180641.6, "trend": 17.132361, "fair_value": 13.672559, "relative_strength": -12.346793, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.737946, "energy": 17.072996, "activity_lines": [ 16.842, 16.612, 16.577821, 16.859705 ] }, { "date": "2026-02-27", "close": 17.24, "volume": 9311483, "typical_volume": 14286369.0, "trend": 17.159521, "fair_value": 13.676388, "relative_strength": -11.912941, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.489311, "energy": 12.157984, "activity_lines": [ 16.966, 16.771818, 16.621433, 16.86665 ] }, { "date": "2026-03-06", "close": 15.7, "volume": 17238206, "typical_volume": 14786588.9, "trend": 17.132739, "fair_value": 13.655306, "relative_strength": -18.038775, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.170037, "energy": 22.11457, "activity_lines": [ 16.534667, 16.620727, 16.519203, 16.772487 ] }, { "date": "2026-03-13", "close": 15.28, "volume": 14468656, "typical_volume": 14435532.1, "trend": 17.073696, "fair_value": 13.632553, "relative_strength": -20.81007, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.837647, "energy": 50.402909, "activity_lines": [ 16.073333, 16.396727, 16.384619, 16.652955 ] }, { "date": "2026-03-20", "close": 14.56, "volume": 10436278, "typical_volume": 14216668.5, "trend": 16.988044, "fair_value": 13.598567, "relative_strength": -22.177216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.605121, "energy": 75.650435, "activity_lines": [ 15.476667, 16.049454, 16.191762, 16.490782 ] }, { "date": "2026-03-27", "close": 15.38, "volume": 50564833, "typical_volume": 14711563.1, "trend": 16.90266, "fair_value": 13.584242, "relative_strength": -17.063727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.89911, "energy": 67.094379, "activity_lines": [ 15.308, 15.873636, 16.094333, 16.387037 ] }, { "date": "2026-04-03", "close": 14.35, "volume": 57245955, "typical_volume": 16829211.6, "trend": 16.748377, "fair_value": 13.572903, "relative_strength": -20.147609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.630303, "energy": 73.602465, "activity_lines": [ 14.880667, 15.528182, 15.912476, 16.222349 ] }, { "date": "2026-04-10", "close": 14.236043, "volume": 17789369, "typical_volume": 17051305.85, "trend": 16.585078, "fair_value": 13.55402, "relative_strength": -25.730994, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.287042, "energy": 70.270949, "activity_lines": [ 14.608014, 15.203099, 15.735242, 16.060263 ] }, { "date": "2026-04-17", "close": 14.513493, "volume": 14684462, "typical_volume": 17056190.2, "trend": 16.455484, "fair_value": 13.532925, "relative_strength": -27.056065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.051029, "energy": 48.686468, "activity_lines": [ 14.525442, 14.985078, 15.599975, 15.926612 ] }, { "date": "2026-04-24", "close": 14.322148, "volume": 13142812, "typical_volume": 17186768.7, "trend": 16.283968, "fair_value": 13.513961, "relative_strength": -27.894677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.362701, "energy": 52.559786, "activity_lines": [ 14.430189, 14.77475, 15.453086, 15.788978 ] }, { "date": "2026-05-01", "close": 13.269753, "volume": 17433086, "typical_volume": 17588522.9, "trend": 16.149765, "fair_value": 13.496038, "relative_strength": -33.174932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.13152, "energy": 60.321761, "activity_lines": [ 13.999995, 14.419584, 15.215483, 15.594512 ] }, { "date": "2026-05-08", "close": 14.149938, "volume": 16641634, "typical_volume": 17958852.6, "trend": 16.040987, "fair_value": 13.489306, "relative_strength": -30.180271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.225069, "energy": 46.413997, "activity_lines": [ 14.003878, 14.28591, 15.075185, 15.465491 ] }, { "date": "2026-05-15", "close": 13.059273, "volume": 15949384, "typical_volume": 18032734.1, "trend": 15.899442, "fair_value": 13.481277, "relative_strength": -34.724643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.938312, "energy": 56.230744, "activity_lines": [ 13.657544, 14.010116, 14.837633, 15.273123 ] }, { "date": "2026-05-22", "close": 12.733988, "volume": 12135082, "typical_volume": 18156565.75, "trend": 15.742488, "fair_value": 13.472768, "relative_strength": -35.697187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.052098, "energy": 63.941992, "activity_lines": [ 13.281233, 13.723193, 14.582581, 15.0689 ] }, { "date": "2026-05-29", "close": 11.853803, "volume": 11500935, "typical_volume": 18446376.4, "trend": 15.530948, "fair_value": 13.456087, "relative_strength": -39.305113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.066093, "energy": 67.735532, "activity_lines": [ 12.730161, 13.322528, 14.257826, 14.818017 ] }, { "date": "2026-06-05", "close": 11.93034, "volume": 4005117, "typical_volume": 17951451.6, "trend": 15.320293, "fair_value": 13.436684, "relative_strength": -37.174626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.983391, "energy": 79.676011, "activity_lines": [ 12.369157, 12.984982, 13.959104, 14.58572 ] }, { "date": "2026-06-12", "close": 11.93, "volume": 3257345, "typical_volume": 17175366.25, "trend": 15.131293, "fair_value": 13.417133, "relative_strength": -34.948446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.122914, "energy": 78.584872, "activity_lines": [ 12.097335, 12.710095, 13.681395, 14.366991 ] }, { "date": "2026-06-19", "close": 11.37, "volume": 10675527, "typical_volume": 16796311.45, "trend": 14.926959, "fair_value": 13.398567, "relative_strength": -41.362177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.680028, "energy": 81.905399, "activity_lines": [ 11.786841, 12.37739, 13.372639, 14.124327 ] }, { "date": "2026-06-26", "close": 10.84, "volume": 2533246, "typical_volume": 16135691.05, "trend": 14.758293, "fair_value": 13.381347, "relative_strength": -42.502464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.974188, "energy": 89.588606, "activity_lines": [ 11.412299, 12.000431, 13.041883, 13.860652 ] }, { "date": "2026-07-03", "close": 11.13, "volume": 2625000, "typical_volume": 15635334.3, "trend": 14.585293, "fair_value": 13.360581, "relative_strength": -39.548747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.420898, "energy": 87.542964, "activity_lines": [ 11.260689, 11.74299, 12.767365, 13.626569 ] }, { "date": "2026-07-10", "close": 10.41, "volume": 8870870, "typical_volume": 15525464.0, "trend": 14.395626, "fair_value": 13.336901, "relative_strength": -40.622389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.857111, "energy": 90.925948, "activity_lines": [ 10.917333, 11.412679, 12.451657, 13.357195 ] }, { "date": "2026-07-17", "close": 10.36, "volume": 9785105, "typical_volume": 15549145.1, "trend": 14.222959, "fair_value": 13.30956, "relative_strength": -34.381107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.718647, "energy": 88.405896, "activity_lines": [ 10.658667, 11.125273, 12.160901, 13.096832 ] }, { "date": "2026-07-24", "close": 9.71, "volume": 12483087, "typical_volume": 15311389.15, "trend": 14.016959, "fair_value": 13.269249, "relative_strength": -38.033382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.694046, "energy": 84.278003, "activity_lines": [ 10.288, 10.788593, 11.841002, 12.805673 ] }, { "date": "2026-07-31", "close": 10.69, "volume": 10775110, "typical_volume": 15126711.85, "trend": 13.849959, "fair_value": 13.242081, "relative_strength": -29.986896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.096295, "energy": 65.737898, "activity_lines": [ 10.354667, 10.690991, 11.64296, 12.591031 ] }, { "date": "2026-08-07", "close": 10.99, "volume": 11501506, "typical_volume": 15179973.25, "trend": 13.689959, "fair_value": 13.216593, "relative_strength": -30.836394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.561725, "energy": 62.681399, "activity_lines": [ 10.531333, 10.685097, 11.495347, 12.406517 ] } ], "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." } } }