{ "ticker": { "uuid": "07217aa0-7212-4add-b743-e108a548e7da", "symbol": "2108", "name": "NANTEX Industry Co., Ltd.", "exchange": "TAI", "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": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 54.251, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 38.112, "architecture_energy": 17.61, "architecture_maturity": 35.123, "architecture_confidence": 75.558, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 49.92, "rotation_up": 33.56, "upward_expansion": 59.66, "deceleration": 85.01, "rotation_down": 22.35, "downward_expansion": 11.99 }, "activity_lines": [ 28.426667, 28.450909, 28.422857, 27.782994 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 28.950001, "trend_reference": 26.69879, "distance_from_trend": 0.084319, "trend_direction": "Improving", "fair_value": 29.171566, "distance_from_fair_value": -0.007595, "fair_value_direction": "Improving", "relative_strength": -15.908772, "relative_strength_direction": "Improving", "price_momentum": 0.269007, "excess_performance": -0.172365, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084319, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.090132, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.007595, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.080582, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.159088, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.071196, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.269007, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.400211, "read": "Demand-led" } ], "volume": { "latest": 9451860, "relative_activity": 1.156466, "balance": 1.400211, "dry_up": 0.642959, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.084496, "annualized_volatility": 0.422063, "from_high_reference": -0.114679, "from_low_reference": 0.418302 }, "levels": { "trend_reference": 26.69879, "fair_value_reference": 29.171566, "structural_low": 22.717061, "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": 11, "median_return": -0.043537, "positive_rate": 0.272727, "directional_follow_through": 0.272727, "median_excess_return": -0.047923, "regime_survival": 0.545455, "best_return": 0.043243, "worst_return": -0.105896, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.161871, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.156636, "regime_survival": 0.0, "best_return": -0.065134, "worst_return": -0.329921, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.264659, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.266101, "regime_survival": 0.2, "best_return": -0.091954, "worst_return": -0.430083, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.368385, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.431704, "regime_survival": 0.0, "best_return": -0.144855, "worst_return": -0.631878, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-03-08", "tenure": "Developing", "return": -0.047552, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2024-05-24", "tenure": "Developing", "return": 0.050108, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-06-14", "tenure": "New", "return": 0.022956, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-21", "end": "2024-07-05", "tenure": "New", "return": 0.168994, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-08-09", "tenure": "Developing", "return": -0.142534, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-10-11", "tenure": "Developing", "return": -0.11461, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-11-22", "tenure": "Developing", "return": -0.048343, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-01-24", "tenure": "Developing", "return": -0.014728, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": 0.011923, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.026746, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2026-01-02", "tenure": "Extended", "return": -0.258786, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-09", "end": "2026-02-13", "tenure": "Developing", "return": 0.014799, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-07-10", "tenure": "Established", "return": 0.102195, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-14", "tenure": "Developing", "return": 0.043243, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 32.531101, "volume": 1352364, "typical_volume": 2804746.8, "trend": 34.896572, "fair_value": 52.703517, "relative_strength": -12.038602, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.957612, "energy": 53.142388, "activity_lines": [ 32.898581, 33.171042, 33.836431, 34.402854 ] }, { "date": "2023-08-18", "close": 32.16964, "volume": 1227855, "typical_volume": 2494769.95, "trend": 34.863272, "fair_value": 52.738684, "relative_strength": -11.523395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.187641, "energy": 58.286981, "activity_lines": [ 32.651584, 32.925415, 33.620633, 34.226923 ] }, { "date": "2023-08-25", "close": 32.576283, "volume": 928248, "typical_volume": 2482238.3, "trend": 34.827754, "fair_value": 52.768049, "relative_strength": -10.612639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.235623, "energy": 51.778007, "activity_lines": [ 32.570257, 32.797263, 33.462496, 34.079376 ] }, { "date": "2023-09-01", "close": 33.254013, "volume": 1122449, "typical_volume": 2292669.7, "trend": 34.764636, "fair_value": 52.797915, "relative_strength": -9.312121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.632582, "energy": 44.203079, "activity_lines": [ 32.747974, 32.82848, 33.385471, 33.977844 ] }, { "date": "2023-09-08", "close": 33.118469, "volume": 1385768, "typical_volume": 2240425.05, "trend": 34.685528, "fair_value": 52.817783, "relative_strength": -8.957782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.414226, "energy": 33.973359, "activity_lines": [ 32.880508, 32.860518, 33.307371, 33.87164 ] }, { "date": "2023-09-15", "close": 33.299194, "volume": 984669, "typical_volume": 2137644.1, "trend": 34.595235, "fair_value": 52.811182, "relative_strength": -9.994357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.383057, "energy": 24.333108, "activity_lines": [ 33.070273, 32.93856, 33.25724, 33.782199 ] }, { "date": "2023-09-22", "close": 32.802189, "volume": 1286007, "typical_volume": 2135601.5, "trend": 34.44679, "fair_value": 52.787462, "relative_strength": -7.830735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.145848, "energy": 21.476974, "activity_lines": [ 33.043162, 32.921308, 33.170963, 33.666518 ] }, { "date": "2023-09-29", "close": 32.711826, "volume": 777467, "typical_volume": 2094895.25, "trend": 34.322579, "fair_value": 52.767726, "relative_strength": -7.899851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.423228, "energy": 24.396548, "activity_lines": [ 32.943761, 32.884341, 33.089205, 33.554585 ] }, { "date": "2023-10-06", "close": 32.576283, "volume": 966746, "typical_volume": 2041949.6, "trend": 34.156566, "fair_value": 52.740636, "relative_strength": -8.947566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.824536, "energy": 32.316538, "activity_lines": [ 32.790143, 32.829301, 33.00465, 33.441921 ] }, { "date": "2023-10-13", "close": 34.202835, "volume": 3638430, "typical_volume": 2068037.5, "trend": 34.057677, "fair_value": 52.733581, "relative_strength": -5.638824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.294639, "energy": 10.389822, "activity_lines": [ 33.22389, 33.08232, 33.087054, 33.444906 ] }, { "date": "2023-10-20", "close": 32.124458, "volume": 4740876, "typical_volume": 2116416.6, "trend": 33.918189, "fair_value": 52.699751, "relative_strength": -9.287195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.180328, "energy": 28.643344, "activity_lines": [ 32.892555, 32.936916, 32.972807, 33.320182 ] }, { "date": "2023-10-27", "close": 31.808187, "volume": 1137437, "typical_volume": 2015914.4, "trend": 33.773606, "fair_value": 52.645154, "relative_strength": -8.158224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.029934, "energy": 35.488003, "activity_lines": [ 32.534111, 32.741401, 32.840058, 33.184053 ] }, { "date": "2023-11-03", "close": 31.446728, "volume": 1630948, "typical_volume": 1756471.6, "trend": 33.619987, "fair_value": 52.568541, "relative_strength": -10.964705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.023601, "energy": 47.070496, "activity_lines": [ 32.121448, 32.486738, 32.686009, 33.033932 ] }, { "date": "2023-11-10", "close": 31.085276, "volume": 1051578, "typical_volume": 1716134.05, "trend": 33.464862, "fair_value": 52.464626, "relative_strength": -12.569441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.915192, "energy": 72.805411, "activity_lines": [ 31.67264, 32.186894, 32.512381, 32.870402 ] }, { "date": "2023-11-17", "close": 31.988916, "volume": 1393567, "typical_volume": 1686214.95, "trend": 33.351907, "fair_value": 52.298757, "relative_strength": -12.535155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.251759, "energy": 64.914297, "activity_lines": [ 31.624447, 32.09078, 32.441811, 32.77518 ] }, { "date": "2023-11-24", "close": 32.892555, "volume": 1669462, "typical_volume": 1644227.9, "trend": 33.260037, "fair_value": 52.162704, "relative_strength": -10.247476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.780422, "energy": 37.568418, "activity_lines": [ 32.025061, 32.179501, 32.466123, 32.745544 ] }, { "date": "2023-12-01", "close": 34.609474, "volume": 5337091, "typical_volume": 1811286.75, "trend": 33.228409, "fair_value": 52.084264, "relative_strength": -6.166322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.471193, "energy": 7.586096, "activity_lines": [ 32.946775, 32.587782, 32.654597, 32.832605 ] }, { "date": "2023-12-08", "close": 33.976925, "volume": 4297219, "typical_volume": 1911504.25, "trend": 33.199794, "fair_value": 52.010416, "relative_strength": -7.373372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.150609, "energy": 26.94855, "activity_lines": [ 33.470886, 32.848195, 32.773361, 32.880896 ] }, { "date": "2023-12-15", "close": 33.841381, "volume": 2516517, "typical_volume": 1957235.05, "trend": 33.157624, "fair_value": 51.937622, "relative_strength": -9.048756, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.209829, "energy": 30.710671, "activity_lines": [ 33.781137, 33.060962, 32.874913, 32.922289 ] }, { "date": "2023-12-22", "close": 33.976925, "volume": 2023455, "typical_volume": 1973407.65, "trend": 33.141057, "fair_value": 51.863775, "relative_strength": -8.040102, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.091668, "energy": 38.910568, "activity_lines": [ 33.952828, 33.275371, 32.986578, 32.975147 ] }, { "date": "2023-12-29", "close": 33.976925, "volume": 1114290, "typical_volume": 1961503.95, "trend": 33.121478, "fair_value": 51.79185, "relative_strength": -9.415392, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.215834, "energy": 44.795625, "activity_lines": [ 33.991986, 33.493888, 33.093939, 33.029074 ] }, { "date": "2024-01-05", "close": 34.248016, "volume": 1040251, "typical_volume": 1952123.75, "trend": 33.110936, "fair_value": 51.720221, "relative_strength": -6.288684, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.3666, "energy": 36.421095, "activity_lines": [ 34.049216, 33.728013, 33.220233, 33.101754 ] }, { "date": "2024-01-12", "close": 33.028103, "volume": 1718746, "typical_volume": 1991648.65, "trend": 33.059729, "fair_value": 51.643175, "relative_strength": -9.203554, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 48.833893, "energy": 27.760853, "activity_lines": [ 33.723906, 33.695975, 33.220448, 33.096409 ] }, { "date": "2024-01-19", "close": 32.305187, "volume": 1677335, "typical_volume": 2019392.95, "trend": 32.981414, "fair_value": 51.55669, "relative_strength": -11.702663, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.952096, "energy": 11.304398, "activity_lines": [ 33.220878, 33.503746, 33.149663, 33.047729 ] }, { "date": "2024-01-26", "close": 32.711826, "volume": 651339, "typical_volume": 1982671.5, "trend": 32.943762, "fair_value": 51.480499, "relative_strength": -11.792273, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.215979, "energy": 17.021013, "activity_lines": [ 32.95581, 33.36327, 33.122123, 33.030337 ] }, { "date": "2024-02-02", "close": 32.666645, "volume": 794789, "typical_volume": 1973177.5, "trend": 32.931713, "fair_value": 51.410745, "relative_strength": -11.865598, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.23668, "energy": 17.568454, "activity_lines": [ 32.760021, 33.201436, 33.092217, 33.012458 ] }, { "date": "2024-02-09", "close": 32.485916, "volume": 196395, "typical_volume": 1918696.9, "trend": 32.927195, "fair_value": 51.335988, "relative_strength": -12.131501, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.359225, "energy": 22.763023, "activity_lines": [ 32.591341, 33.01085, 33.048111, 32.983697 ] }, { "date": "2024-02-16", "close": 32.62146, "volume": 513281, "typical_volume": 1905487.6, "trend": 32.912134, "fair_value": 51.269308, "relative_strength": -13.72356, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.747822, "energy": 19.439133, "activity_lines": [ 32.585316, 32.883518, 33.018419, 32.963972 ] }, { "date": "2024-02-23", "close": 32.395554, "volume": 1079744, "typical_volume": 1911137.5, "trend": 32.883519, "fair_value": 51.196855, "relative_strength": -15.04676, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.617332, "energy": 22.701595, "activity_lines": [ 32.531098, 32.739757, 32.967643, 32.930644 ] }, { "date": "2024-03-01", "close": 31.808187, "volume": 1834450, "typical_volume": 1820938.5, "trend": 32.841349, "fair_value": 51.118235, "relative_strength": -16.27073, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.793405, "energy": 37.658638, "activity_lines": [ 32.275067, 32.51549, 32.861788, 32.861268 ] }, { "date": "2024-03-08", "close": 30.768997, "volume": 2697972, "typical_volume": 1718793.3, "trend": 32.782612, "fair_value": 51.006527, "relative_strength": -21.836111, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -83.857276, "energy": 75.046381, "activity_lines": [ 31.732882, 32.141711, 32.668366, 32.727568 ] }, { "date": "2024-03-15", "close": 30.271994, "volume": 1980023, "typical_volume": 1760922.6, "trend": 32.719358, "fair_value": 50.864246, "relative_strength": -22.043416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.19666, "energy": 85.828664, "activity_lines": [ 31.151539, 31.735894, 32.434065, 32.565593 ] }, { "date": "2024-03-22", "close": 30.768997, "volume": 1789498, "typical_volume": 1768850.1, "trend": 32.659115, "fair_value": 50.710737, "relative_strength": -22.326269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.272263, "energy": 84.078731, "activity_lines": [ 30.883459, 31.492732, 32.254412, 32.439763 ] }, { "date": "2024-03-29", "close": 30.904545, "volume": 2244564, "typical_volume": 1828499.4, "trend": 32.580799, "fair_value": 50.541761, "relative_strength": -21.656966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.750686, "energy": 82.196651, "activity_lines": [ 30.784058, 31.31529, 32.090896, 32.326565 ] }, { "date": "2024-04-05", "close": 30.904545, "volume": 454494, "typical_volume": 1781545.75, "trend": 32.507002, "fair_value": 50.280053, "relative_strength": -21.233157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.510182, "energy": 76.457829, "activity_lines": [ 30.784059, 31.163314, 31.928241, 32.218419 ] }, { "date": "2024-04-12", "close": 31.276886, "volume": 1735883, "typical_volume": 1784866.8, "trend": 32.439591, "fair_value": 49.947219, "relative_strength": -21.240627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.699767, "energy": 51.330977, "activity_lines": [ 30.968416, 31.111896, 31.80621, 32.139057 ] }, { "date": "2024-04-19", "close": 30.252943, "volume": 1883131, "typical_volume": 1612168.8, "trend": 32.354616, "fair_value": 49.363588, "relative_strength": -18.513044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.793069, "energy": 56.377625, "activity_lines": [ 30.777599, 30.899575, 31.594355, 31.997983 ] }, { "date": "2024-04-26", "close": 31.183802, "volume": 1782058, "typical_volume": 1486410.75, "trend": 32.303682, "fair_value": 48.845737, "relative_strength": -17.869511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.20888, "energy": 39.16486, "activity_lines": [ 30.898338, 30.897101, 31.491898, 31.922447 ] }, { "date": "2024-05-03", "close": 31.602692, "volume": 4034322, "typical_volume": 1562301.0, "trend": 32.271229, "fair_value": 48.365461, "relative_strength": -17.015401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.583606, "energy": 30.132814, "activity_lines": [ 31.131054, 30.996928, 31.442636, 31.877221 ] }, { "date": "2024-05-10", "close": 31.090717, "volume": 3518745, "typical_volume": 1637065.5, "trend": 32.167492, "fair_value": 47.884395, "relative_strength": -19.233638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.28888, "energy": 26.642377, "activity_lines": [ 31.146569, 31.018084, 31.355275, 31.801059 ] }, { "date": "2024-05-17", "close": 31.556149, "volume": 1781834, "typical_volume": 1670442.7, "trend": 32.148548, "fair_value": 47.393852, "relative_strength": -19.573193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.01947, "energy": 19.217815, "activity_lines": [ 31.304816, 31.136909, 31.325985, 31.761618 ] }, { "date": "2024-05-24", "close": 31.78886, "volume": 2034111, "typical_volume": 1720135.7, "trend": 32.147904, "fair_value": 46.959629, "relative_strength": -19.618213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.738829, "energy": 18.070449, "activity_lines": [ 31.522016, 31.283733, 31.330385, 31.738412 ] }, { "date": "2024-05-31", "close": 32.440464, "volume": 2417502, "typical_volume": 1755073.5, "trend": 32.181029, "fair_value": 46.529583, "relative_strength": -15.982409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.586324, "energy": 13.146647, "activity_lines": [ 31.854022, 31.521451, 31.408553, 31.757287 ] }, { "date": "2024-06-07", "close": 32.766262, "volume": 4008555, "typical_volume": 1871634.5, "trend": 32.237062, "fair_value": 46.086672, "relative_strength": -17.31705, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.885016, "energy": 22.231459, "activity_lines": [ 32.210851, 31.788015, 31.520548, 31.795044 ] }, { "date": "2024-06-14", "close": 33.185154, "volume": 2874893, "typical_volume": 1982812.2, "trend": 32.276936, "fair_value": 45.61654, "relative_strength": -18.209885, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.904949, "energy": 46.485914, "activity_lines": [ 32.629739, 32.096892, 31.670241, 31.856211 ] }, { "date": "2024-06-21", "close": 33.32478, "volume": 2963226, "typical_volume": 2091234.05, "trend": 32.291344, "fair_value": 45.134842, "relative_strength": -20.014115, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.260989, "energy": 57.00626, "activity_lines": [ 32.955539, 32.38969, 31.830978, 31.923814 ] }, { "date": "2024-06-28", "close": 34.348728, "volume": 3800353, "typical_volume": 2271431.95, "trend": 32.282652, "fair_value": 44.637278, "relative_strength": -16.307395, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.015903, "energy": 69.72685, "activity_lines": [ 33.504747, 32.831425, 32.086101, 32.056548 ] }, { "date": "2024-07-05", "close": 38.956482, "volume": 9362547, "typical_volume": 2713895.25, "trend": 32.448637, "fair_value": 44.059595, "relative_strength": -6.863207, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 97.347112, "energy": 95.08248, "activity_lines": [ 35.419215, 34.036465, 32.771186, 32.487118 ] }, { "date": "2024-07-12", "close": 41.144001, "volume": 37452576, "typical_volume": 4532536.85, "trend": 32.692058, "fair_value": 43.635497, "relative_strength": -2.939647, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.410128, "energy": 98.294804, "activity_lines": [ 37.628455, 35.497915, 33.63444, 33.048109 ] }, { "date": "2024-07-19", "close": 37.979076, "volume": 10421482, "typical_volume": 4961888.45, "trend": 32.825463, "fair_value": 43.228494, "relative_strength": -6.014576, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.034757, "energy": 87.950698, "activity_lines": [ 38.224204, 36.210445, 34.154613, 33.389207 ] }, { "date": "2024-07-26", "close": 36.443161, "volume": 3885971, "typical_volume": 5021288.4, "trend": 32.907671, "fair_value": 42.82909, "relative_strength": -6.477026, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.320583, "energy": 85.483201, "activity_lines": [ 37.988387, 36.518475, 34.499123, 33.622607 ] }, { "date": "2024-08-02", "close": 37.23439, "volume": 3909130, "typical_volume": 5117743.75, "trend": 33.007217, "fair_value": 42.427282, "relative_strength": -2.062358, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.561618, "energy": 60.163404, "activity_lines": [ 37.80842, 36.88151, 34.891968, 33.90175 ] }, { "date": "2024-08-09", "close": 35.279587, "volume": 8644691, "typical_volume": 5460503.4, "trend": 33.082266, "fair_value": 42.040357, "relative_strength": -6.148332, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.207436, "energy": 36.393023, "activity_lines": [ 36.784475, 36.790117, 35.065488, 34.048355 ] }, { "date": "2024-08-16", "close": 36.955132, "volume": 3191160, "typical_volume": 5507833.2, "trend": 33.237264, "fair_value": 41.659189, "relative_strength": -5.240426, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.745398, "energy": 29.166853, "activity_lines": [ 36.564172, 36.951748, 35.377104, 34.298217 ] }, { "date": "2024-08-23", "close": 36.070816, "volume": 2848744, "typical_volume": 5627545.7, "trend": 33.349231, "fair_value": 41.319703, "relative_strength": -6.349705, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.121369, "energy": 24.744954, "activity_lines": [ 36.328354, 36.876433, 35.575688, 34.481027 ] }, { "date": "2024-08-30", "close": 36.536243, "volume": 2887491, "typical_volume": 5685126.1, "trend": 33.478217, "fair_value": 41.000645, "relative_strength": -5.235688, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.343741, "energy": 21.520609, "activity_lines": [ 36.374896, 36.833274, 35.793996, 34.686641 ] }, { "date": "2024-09-06", "close": 34.488354, "volume": 3052516, "typical_volume": 5743595.35, "trend": 33.544965, "fair_value": 40.656, "relative_strength": -6.668206, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.677038, "energy": 16.159068, "activity_lines": [ 35.732603, 36.359382, 35.792223, 34.751811 ] }, { "date": "2024-09-13", "close": 34.209095, "volume": 1842743, "typical_volume": 5746629.6, "trend": 33.597886, "fair_value": 40.359408, "relative_strength": -8.399911, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.490626, "energy": 15.272233, "activity_lines": [ 35.180292, 35.832177, 35.743685, 34.794658 ] }, { "date": "2024-09-20", "close": 35.000324, "volume": 1351917, "typical_volume": 5612509.35, "trend": 33.684712, "fair_value": 40.072872, "relative_strength": -7.529131, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.216236, "energy": 13.756237, "activity_lines": [ 34.963091, 35.535147, 35.756096, 34.885138 ] }, { "date": "2024-09-27", "close": 35.23304, "volume": 2413205, "typical_volume": 5557232.35, "trend": 33.798874, "fair_value": 39.785336, "relative_strength": -9.153016, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.281853, "energy": 13.912014, "activity_lines": [ 34.953782, 35.392133, 35.774492, 34.98503 ] }, { "date": "2024-10-04", "close": 33.92984, "volume": 1830913, "typical_volume": 5559686.3, "trend": 33.904235, "fair_value": 39.548759, "relative_strength": -10.014359, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.065246, "energy": 11.580263, "activity_lines": [ 34.565925, 35.062101, 35.649047, 34.993479 ] }, { "date": "2024-10-11", "close": 32.719719, "volume": 3984162, "typical_volume": 5657188.85, "trend": 33.985826, "fair_value": 39.319379, "relative_strength": -14.903357, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.531533, "energy": 35.595801, "activity_lines": [ 33.948455, 34.557745, 35.39705, 34.917059 ] }, { "date": "2024-10-18", "close": 33.697124, "volume": 2075370, "typical_volume": 5640082.25, "trend": 34.08343, "fair_value": 39.105236, "relative_strength": -14.035224, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.466461, "energy": 37.640094, "activity_lines": [ 33.774695, 34.313183, 35.233706, 34.898433 ] }, { "date": "2024-10-25", "close": 33.138607, "volume": 1268968, "typical_volume": 5503102.9, "trend": 34.157899, "fair_value": 38.893494, "relative_strength": -14.412917, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.393748, "energy": 45.896876, "activity_lines": [ 33.448894, 33.995844, 35.011187, 34.837476 ] }, { "date": "2024-11-01", "close": 34.209095, "volume": 1536822, "typical_volume": 5436199.35, "trend": 34.268051, "fair_value": 38.694595, "relative_strength": -9.018288, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.784417, "energy": 33.560008, "activity_lines": [ 33.604037, 33.942531, 34.888845, 34.840779 ] }, { "date": "2024-11-08", "close": 33.92984, "volume": 2088055, "typical_volume": 5392440.8, "trend": 34.356483, "fair_value": 38.505869, "relative_strength": -12.293535, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.967968, "energy": 22.741504, "activity_lines": [ 33.734358, 33.872294, 34.735032, 34.818959 ] }, { "date": "2024-11-15", "close": 32.347378, "volume": 2322585, "typical_volume": 5318552.4, "trend": 34.426297, "fair_value": 38.320457, "relative_strength": -12.957032, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.175782, "energy": 34.964544, "activity_lines": [ 33.337192, 33.561726, 34.427626, 34.68934 ] }, { "date": "2024-11-22", "close": 32.068119, "volume": 709292, "typical_volume": 4885889.65, "trend": 34.455774, "fair_value": 38.125777, "relative_strength": -13.807295, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.261337, "energy": 44.189332, "activity_lines": [ 32.871762, 33.23931, 34.103155, 34.537199 ] }, { "date": "2024-11-29", "close": 31.602692, "volume": 1027495, "typical_volume": 3064635.6, "trend": 34.455774, "fair_value": 37.927616, "relative_strength": -12.020805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.007988, "energy": 69.732161, "activity_lines": [ 32.35979, 32.871198, 33.76716, 34.353129 ] }, { "date": "2024-12-06", "close": 31.090717, "volume": 1368695, "typical_volume": 2611996.25, "trend": 34.455774, "fair_value": 37.684803, "relative_strength": -16.307139, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.267579, "energy": 81.213838, "activity_lines": [ 31.779554, 32.471774, 33.427839, 34.136029 ] }, { "date": "2024-12-13", "close": 29.787512, "volume": 1884079, "typical_volume": 2511901.65, "trend": 34.39682, "fair_value": 37.45457, "relative_strength": -18.606681, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.790508, "energy": 88.349934, "activity_lines": [ 30.972808, 31.91072, 32.997206, 33.834851 ] }, { "date": "2024-12-20", "close": 30.532198, "volume": 2113748, "typical_volume": 2422132.55, "trend": 34.354931, "fair_value": 37.24855, "relative_strength": -14.083735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.933022, "energy": 81.971573, "activity_lines": [ 30.690446, 31.560377, 32.669188, 33.58552 ] }, { "date": "2024-12-27", "close": 31.881947, "volume": 2943475, "typical_volume": 2137071.75, "trend": 34.336314, "fair_value": 37.034734, "relative_strength": -12.677302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.873306, "energy": 64.000246, "activity_lines": [ 30.979013, 31.495217, 32.501633, 33.425973 ] }, { "date": "2025-01-03", "close": 31.183802, "volume": 1703654, "typical_volume": 2062696.45, "trend": 34.283565, "fair_value": 36.812953, "relative_strength": -12.583543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.826888, "energy": 49.04846, "activity_lines": [ 31.047276, 31.336125, 32.283768, 33.222585 ] }, { "date": "2025-01-10", "close": 31.416517, "volume": 1714673, "typical_volume": 2005992.9, "trend": 34.224611, "fair_value": 36.589674, "relative_strength": -11.760082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.83237, "energy": 39.349105, "activity_lines": [ 31.221036, 31.254886, 32.115548, 33.037614 ] }, { "date": "2025-01-17", "close": 30.858004, "volume": 1313726, "typical_volume": 1927304.65, "trend": 34.142385, "fair_value": 36.358826, "relative_strength": -13.306518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.523911, "energy": 34.359206, "activity_lines": [ 31.186906, 31.122874, 31.9163, 32.820414 ] }, { "date": "2025-01-24", "close": 31.137259, "volume": 498642, "typical_volume": 1799610.95, "trend": 34.035336, "fair_value": 36.129769, "relative_strength": -13.389673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.070711, "energy": 33.219573, "activity_lines": [ 31.174494, 31.097486, 31.770687, 32.626535 ] }, { "date": "2025-02-07", "close": 31.230345, "volume": 1328504, "typical_volume": 1773899.0, "trend": 33.777798, "fair_value": 35.915764, "relative_strength": -12.428897, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.486334, "energy": 30.392219, "activity_lines": [ 31.152774, 31.111026, 31.649897, 32.445568 ] }, { "date": "2025-02-14", "close": 31.369976, "volume": 1213929, "typical_volume": 1766999.6, "trend": 33.451997, "fair_value": 35.699662, "relative_strength": -10.300115, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.857983, "energy": 28.036525, "activity_lines": [ 31.221037, 31.165185, 31.55659, 32.290224 ] }, { "date": "2025-02-21", "close": 31.742315, "volume": 1163785, "typical_volume": 1704528.6, "trend": 33.244105, "fair_value": 35.498409, "relative_strength": -10.97386, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -36.513301, "energy": 22.469171, "activity_lines": [ 31.401002, 31.291274, 31.516031, 32.179922 ] }, { "date": "2025-02-28", "close": 31.602692, "volume": 1233473, "typical_volume": 1674656.6, "trend": 33.082756, "fair_value": 35.299749, "relative_strength": -8.358577, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.192588, "energy": 17.370182, "activity_lines": [ 31.512706, 31.380129, 31.478796, 32.074025 ] }, { "date": "2025-03-07", "close": 31.323433, "volume": 1028261, "typical_volume": 1526861.55, "trend": 32.885724, "fair_value": 35.130202, "relative_strength": -6.898921, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.18762, "energy": 16.009643, "activity_lines": [ 31.481678, 31.385207, 31.426048, 31.96052 ] }, { "date": "2025-03-14", "close": 30.485659, "volume": 1699197, "typical_volume": 1508052.9, "trend": 32.725926, "fair_value": 34.961267, "relative_strength": -6.679507, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.787954, "energy": 28.235772, "activity_lines": [ 31.158981, 31.223576, 31.30016, 31.805677 ] }, { "date": "2025-03-21", "close": 30.485659, "volume": 1194026, "typical_volume": 1504305.8, "trend": 32.510277, "fair_value": 34.748967, "relative_strength": -7.494564, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.710029, "energy": 34.567357, "activity_lines": [ 30.885929, 31.087332, 31.189565, 31.661144 ] }, { "date": "2025-03-28", "close": 30.065285, "volume": 2439116, "typical_volume": 1549420.5, "trend": 32.310093, "fair_value": 34.550421, "relative_strength": -6.052608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.349071, "energy": 56.464963, "activity_lines": [ 30.531706, 30.88735, 31.051568, 31.503402 ] }, { "date": "2025-04-04", "close": 28.576429, "volume": 1676253, "typical_volume": 1528830.4, "trend": 32.044766, "fair_value": 34.381719, "relative_strength": -9.214184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.039397, "energy": 79.622971, "activity_lines": [ 29.793001, 30.441235, 30.791507, 31.262521 ] }, { "date": "2025-04-11", "close": 25.934912, "volume": 6161788, "typical_volume": 1720790.55, "trend": 31.759651, "fair_value": 34.193328, "relative_strength": -9.91613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.027463, "energy": 90.748373, "activity_lines": [ 28.375541, 29.556327, 30.305366, 30.868336 ] }, { "date": "2025-04-18", "close": 25.454636, "volume": 1653861, "typical_volume": 1768019.0, "trend": 31.467836, "fair_value": 34.029434, "relative_strength": -10.746628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.179516, "energy": 96.261427, "activity_lines": [ 27.157223, 28.678685, 29.804019, 30.461561 ] }, { "date": "2025-04-25", "close": 25.262524, "volume": 891389, "typical_volume": 1761213.7, "trend": 31.143242, "fair_value": 33.886922, "relative_strength": -13.233999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.686873, "energy": 94.141183, "activity_lines": [ 26.21027, 27.871125, 29.315869, 30.061219 ] }, { "date": "2025-05-02", "close": 26.271105, "volume": 1221823, "typical_volume": 1753870.1, "trend": 30.844511, "fair_value": 33.750324, "relative_strength": -13.416067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.153325, "energy": 88.109101, "activity_lines": [ 25.947719, 27.357989, 28.953966, 29.746887 ] }, { "date": "2025-05-09", "close": 26.175049, "volume": 950805, "typical_volume": 1707206.4, "trend": 30.586018, "fair_value": 33.615316, "relative_strength": -13.914495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.477882, "energy": 85.438451, "activity_lines": [ 25.906095, 26.926865, 28.605865, 29.445631 ] }, { "date": "2025-05-16", "close": 26.799408, "volume": 1468127, "typical_volume": 1674925.35, "trend": 30.388675, "fair_value": 33.489275, "relative_strength": -15.300667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.674339, "energy": 61.96785, "activity_lines": [ 26.232682, 26.707945, 28.334429, 29.201334 ] }, { "date": "2025-05-23", "close": 25.262524, "volume": 3051862, "typical_volume": 1680344.7, "trend": 30.107521, "fair_value": 33.385371, "relative_strength": -19.110871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.108055, "energy": 60.200615, "activity_lines": [ 25.989342, 26.291846, 27.934398, 28.870615 ] }, { "date": "2025-05-30", "close": 23.725641, "volume": 9095271, "typical_volume": 2049925.55, "trend": 29.793756, "fair_value": 33.260585, "relative_strength": -22.572324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.702181, "energy": 66.600827, "activity_lines": [ 25.246515, 25.69128, 27.419518, 28.45888 ] }, { "date": "2025-06-06", "close": 24.398027, "volume": 4483295, "typical_volume": 2188356.65, "trend": 29.46672, "fair_value": 33.141211, "relative_strength": -21.101053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.702416, "energy": 62.8312, "activity_lines": [ 24.830276, 25.335876, 27.00419, 28.110769 ] }, { "date": "2025-06-13", "close": 23.101282, "volume": 3563512, "typical_volume": 2300845.95, "trend": 29.105768, "fair_value": 33.00801, "relative_strength": -26.240351, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.692595, "energy": 75.810474, "activity_lines": [ 24.10666, 24.847741, 26.498784, 27.700095 ] }, { "date": "2025-06-20", "close": 22.669035, "volume": 5060356, "typical_volume": 2528931.65, "trend": 28.783157, "fair_value": 32.868729, "relative_strength": -27.090105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.221635, "energy": 85.025492, "activity_lines": [ 23.443879, 24.380563, 25.989149, 27.284822 ] }, { "date": "2025-06-27", "close": 22.861143, "volume": 1782622, "typical_volume": 2551637.55, "trend": 28.476258, "fair_value": 32.755499, "relative_strength": -27.798054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.684303, "energy": 74.063134, "activity_lines": [ 23.120493, 24.007694, 25.538134, 26.902757 ] }, { "date": "2025-07-04", "close": 23.197336, "volume": 1109174, "typical_volume": 2546399.8, "trend": 28.196079, "fair_value": 32.656833, "relative_strength": -26.162044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.412333, "energy": 67.239452, "activity_lines": [ 23.069263, 23.743105, 25.158991, 26.562181 ] }, { "date": "2025-07-11", "close": 22.236784, "volume": 1086692, "typical_volume": 2542545.15, "trend": 27.900948, "fair_value": 32.572417, "relative_strength": -29.191735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.128831, "energy": 82.632579, "activity_lines": [ 22.73307, 23.34142, 24.727285, 26.177711 ] }, { "date": "2025-07-18", "close": 22.669035, "volume": 1307238, "typical_volume": 2546233.4, "trend": 27.663665, "fair_value": 32.48112, "relative_strength": -29.02421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.660663, "energy": 67.60889, "activity_lines": [ 22.685043, 23.091676, 24.382009, 25.840168 ] }, { "date": "2025-07-25", "close": 22.71706, "volume": 1210074, "typical_volume": 2555324.05, "trend": 27.403161, "fair_value": 32.405298, "relative_strength": -28.120091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.318569, "energy": 62.366045, "activity_lines": [ 22.68184, 22.914411, 24.083849, 25.521032 ] }, { "date": "2025-08-01", "close": 23.005228, "volume": 1622778, "typical_volume": 2551503.1, "trend": 27.10727, "fair_value": 32.319741, "relative_strength": -26.732097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.849308, "energy": 56.811352, "activity_lines": [ 22.771493, 22.863764, 23.854115, 25.237295 ] }, { "date": "2025-08-08", "close": 23.005228, "volume": 1317541, "typical_volume": 2557678.85, "trend": 26.834651, "fair_value": 32.231151, "relative_strength": -27.730636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.973016, "energy": 48.860803, "activity_lines": [ 22.851539, 22.854158, 23.660003, 24.972647 ] }, { "date": "2025-08-15", "close": 22.380867, "volume": 3251691, "typical_volume": 2598307.6, "trend": 26.533463, "fair_value": 32.149864, "relative_strength": -29.860515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.291961, "energy": 49.583137, "activity_lines": [ 22.736272, 22.744131, 23.442049, 24.685306 ] }, { "date": "2025-08-22", "close": 23.341419, "volume": 2514615, "typical_volume": 2640225.7, "trend": 26.28291, "fair_value": 32.065359, "relative_strength": -24.35088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.545953, "energy": 37.610769, "activity_lines": [ 22.931584, 22.845426, 23.352169, 24.479367 ] }, { "date": "2025-08-29", "close": 24.157888, "volume": 2995850, "typical_volume": 2481928.8, "trend": 26.050264, "fair_value": 31.981952, "relative_strength": -22.494457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.706502, "energy": 26.937555, "activity_lines": [ 23.354227, 23.090803, 23.364976, 24.342269 ] }, { "date": "2025-09-05", "close": 24.061834, "volume": 2596186, "typical_volume": 2529045.05, "trend": 25.811314, "fair_value": 31.898755, "relative_strength": -22.867409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.763962, "energy": 20.105213, "activity_lines": [ 23.648796, 23.291646, 23.377097, 24.213983 ] }, { "date": "2025-09-12", "close": 23.101282, "volume": 1909329, "typical_volume": 2579942.05, "trend": 25.535691, "fair_value": 31.817675, "relative_strength": -28.032534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.095056, "energy": 22.778344, "activity_lines": [ 23.552741, 23.296012, 23.30437, 24.039143 ] }, { "date": "2025-09-19", "close": 22.813116, "volume": 2384598, "typical_volume": 2638080.8, "trend": 25.238051, "fair_value": 31.740538, "relative_strength": -28.475926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.505683, "energy": 17.95681, "activity_lines": [ 23.354227, 23.249731, 23.21449, 23.863493 ] }, { "date": "2025-09-26", "close": 22.380867, "volume": 2088182, "typical_volume": 2694949.65, "trend": 24.930657, "fair_value": 31.65291, "relative_strength": -29.065735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.552327, "energy": 34.296762, "activity_lines": [ 22.982813, 23.11438, 23.099909, 23.679158 ] }, { "date": "2025-10-03", "close": 22.236784, "volume": 1210991, "typical_volume": 2682092.85, "trend": 24.627768, "fair_value": 31.588073, "relative_strength": -31.874841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.06071, "energy": 50.347929, "activity_lines": [ 22.627409, 22.958072, 22.989675, 23.50536 ] }, { "date": "2025-10-10", "close": 22.813116, "volume": 2402723, "typical_volume": 2649635.9, "trend": 24.372017, "fair_value": 31.536859, "relative_strength": -30.744962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.147693, "energy": 49.104472, "activity_lines": [ 22.592189, 22.915284, 22.956055, 23.388286 ] }, { "date": "2025-10-17", "close": 22.572979, "volume": 2988637, "typical_volume": 2344304.2, "trend": 24.108261, "fair_value": 31.475833, "relative_strength": -30.811286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.052494, "energy": 45.602727, "activity_lines": [ 22.560171, 22.832327, 22.91123, 23.272219 ] }, { "date": "2025-10-24", "close": 22.428896, "volume": 1373184, "typical_volume": 2188798.65, "trend": 23.853714, "fair_value": 31.429877, "relative_strength": -31.139809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.175323, "energy": 37.925129, "activity_lines": [ 22.515345, 22.731033, 22.858171, 23.163873 ] }, { "date": "2025-10-31", "close": 21.420315, "volume": 4230973, "typical_volume": 2222171.7, "trend": 23.615177, "fair_value": 31.37332, "relative_strength": -35.1732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.275012, "energy": 48.687479, "activity_lines": [ 22.159941, 22.445487, 22.718433, 23.006879 ] }, { "date": "2025-11-07", "close": 20.603848, "volume": 2798116, "typical_volume": 2109059.7, "trend": 23.437475, "fair_value": 31.319527, "relative_strength": -35.530364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.405441, "energy": 75.929568, "activity_lines": [ 21.596417, 22.046421, 22.508941, 22.8126 ] }, { "date": "2025-11-14", "close": 22.380867, "volume": 4156394, "typical_volume": 2227748.3, "trend": 23.335016, "fair_value": 31.271057, "relative_strength": -28.579963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.232581, "energy": 56.652249, "activity_lines": [ 21.734096, 22.035069, 22.478524, 22.744432 ] }, { "date": "2025-11-21", "close": 21.372288, "volume": 1923777, "typical_volume": 2268478.45, "trend": 23.205342, "fair_value": 31.213365, "relative_strength": -28.57797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.814643, "energy": 61.990179, "activity_lines": [ 21.564399, 21.870902, 22.354338, 22.617804 ] }, { "date": "2025-11-28", "close": 22.621006, "volume": 1922747, "typical_volume": 2310281.2, "trend": 23.083672, "fair_value": 31.15568, "relative_strength": -26.944011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.275817, "energy": 34.602758, "activity_lines": [ 21.890986, 21.965211, 22.357769, 22.580105 ] }, { "date": "2025-12-05", "close": 22.236784, "volume": 1433400, "typical_volume": 2316589.3, "trend": 22.952396, "fair_value": 31.086431, "relative_strength": -28.326092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.144093, "energy": 17.521526, "activity_lines": [ 22.076693, 21.993154, 22.322777, 22.525467 ] }, { "date": "2025-12-12", "close": 21.996647, "volume": 1142274, "typical_volume": 2313199.3, "trend": 22.792304, "fair_value": 31.014816, "relative_strength": -28.955491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.321848, "energy": 17.519701, "activity_lines": [ 22.127922, 21.980056, 22.266974, 22.463806 ] }, { "date": "2025-12-19", "close": 21.612427, "volume": 1509664, "typical_volume": 2307543.6, "trend": 22.670634, "fair_value": 30.949287, "relative_strength": -28.286967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.221387, "energy": 18.883734, "activity_lines": [ 21.958225, 21.901465, 22.178008, 22.387685 ] }, { "date": "2025-12-26", "close": 21.900591, "volume": 1111147, "typical_volume": 2297223.9, "trend": 22.609799, "fair_value": 30.882847, "relative_strength": -28.776536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.728266, "energy": 20.378867, "activity_lines": [ 21.935812, 21.897099, 22.12312, 22.338004 ] }, { "date": "2026-01-02", "close": 22.284813, "volume": 2047595, "typical_volume": 2237019.1, "trend": 22.539359, "fair_value": 30.815009, "relative_strength": -28.709852, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.654361, "energy": 18.138572, "activity_lines": [ 22.006253, 21.974816, 22.110084, 22.317037 ] }, { "date": "2026-01-09", "close": 22.71706, "volume": 4896510, "typical_volume": 2356113.85, "trend": 22.526551, "fair_value": 30.756285, "relative_strength": -28.79454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.612026, "energy": 8.411696, "activity_lines": [ 22.243188, 22.133744, 22.138671, 22.328502 ] }, { "date": "2026-01-16", "close": 23.389448, "volume": 4307605, "typical_volume": 2421701.6, "trend": 22.550565, "fair_value": 30.689462, "relative_strength": -28.490442, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.557094, "energy": 19.240884, "activity_lines": [ 22.672235, 22.391346, 22.234269, 22.384173 ] }, { "date": "2026-01-23", "close": 23.053255, "volume": 3894529, "typical_volume": 2486618.75, "trend": 22.556969, "fair_value": 30.624619, "relative_strength": -29.945907, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.253297, "energy": 22.883168, "activity_lines": [ 22.896364, 22.537176, 22.301508, 22.416604 ] }, { "date": "2026-01-30", "close": 22.765089, "volume": 8896702, "typical_volume": 2835987.4, "trend": 22.542561, "fair_value": 30.554897, "relative_strength": -30.242752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.528246, "energy": 25.59932, "activity_lines": [ 22.928383, 22.618386, 22.346105, 22.430032 ] }, { "date": "2026-02-06", "close": 22.813116, "volume": 3490608, "typical_volume": 2891287.9, "trend": 22.561772, "fair_value": 30.47583, "relative_strength": -28.652363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.657224, "energy": 27.413654, "activity_lines": [ 22.918777, 22.683005, 22.396877, 22.447487 ] }, { "date": "2026-02-13", "close": 23.053255, "volume": 1373412, "typical_volume": 2855549.4, "trend": 22.574579, "fair_value": 30.396096, "relative_strength": -30.928793, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.489446, "energy": 17.939736, "activity_lines": [ 22.953998, 22.787793, 22.470519, 22.479195 ] }, { "date": "2026-02-27", "close": 26.175049, "volume": 13277318, "typical_volume": 3458865.75, "trend": 22.689845, "fair_value": 30.333065, "relative_strength": -24.708323, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.781931, "energy": 68.725418, "activity_lines": [ 24.007403, 23.445334, 22.838274, 22.711484 ] }, { "date": "2026-03-06", "close": 24.734221, "volume": 5807262, "typical_volume": 3629092.7, "trend": 22.747478, "fair_value": 30.2528, "relative_strength": -24.065477, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.816594, "energy": 66.63348, "activity_lines": [ 24.394826, 23.764936, 23.050053, 22.843379 ] }, { "date": "2026-03-13", "close": 24.830276, "volume": 4333071, "typical_volume": 3696314.4, "trend": 22.808313, "fair_value": 30.17839, "relative_strength": -22.323529, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.195619, "energy": 68.713911, "activity_lines": [ 24.702202, 24.045243, 23.261832, 22.977753 ] }, { "date": "2026-03-20", "close": 24.35, "volume": 12465320, "typical_volume": 4250921.2, "trend": 22.873951, "fair_value": 30.093732, "relative_strength": -23.12975, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.900068, "energy": 63.628082, "activity_lines": [ 24.711808, 24.18496, 23.417121, 23.077217 ] }, { "date": "2026-03-27", "close": 26.1, "volume": 9585560, "typical_volume": 4518650.55, "trend": 22.965904, "fair_value": 30.022774, "relative_strength": -15.526621, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.689016, "energy": 51.890839, "activity_lines": [ 25.202288, 24.605309, 23.729929, 23.285349 ] }, { "date": "2026-04-03", "close": 25.6, "volume": 13583405, "typical_volume": 5057915.0, "trend": 23.013974, "fair_value": 29.954126, "relative_strength": -14.705976, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.94887, "energy": 42.285935, "activity_lines": [ 25.322985, 24.873242, 23.972833, 23.45529 ] }, { "date": "2026-04-10", "close": 26.15, "volume": 4000749, "typical_volume": 5050132.75, "trend": 23.08358, "fair_value": 29.890051, "relative_strength": -18.851149, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.832394, "energy": 44.185623, "activity_lines": [ 25.665352, 25.200983, 24.244328, 23.657615 ] }, { "date": "2026-04-17", "close": 26.049999, "volume": 4601353, "typical_volume": 5184011.55, "trend": 23.18187, "fair_value": 29.825914, "relative_strength": -21.173481, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.391522, "energy": 48.192671, "activity_lines": [ 25.88, 25.454237, 24.48835, 23.848997 ] }, { "date": "2026-04-24", "close": 26.6, "volume": 9312168, "typical_volume": 5553482.6, "trend": 23.3081, "fair_value": 29.767331, "relative_strength": -22.869475, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.31687, "energy": 44.877727, "activity_lines": [ 26.196666, 25.747766, 24.762478, 24.069521 ] }, { "date": "2026-05-01", "close": 26.700001, "volume": 10575846, "typical_volume": 6010604.9, "trend": 23.452071, "fair_value": 29.711705, "relative_strength": -21.571453, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.993553, "energy": 46.703183, "activity_lines": [ 26.396667, 25.990624, 25.027183, 24.288353 ] }, { "date": "2026-05-08", "close": 28.5, "volume": 12570712, "typical_volume": 6582026.8, "trend": 23.660845, "fair_value": 29.665881, "relative_strength": -20.661776, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.554029, "energy": 57.655372, "activity_lines": [ 27.156667, 26.49445, 25.442063, 24.614026 ] }, { "date": "2026-05-15", "close": 27.0, "volume": 9750487, "typical_volume": 6994067.95, "trend": 23.800408, "fair_value": 29.61102, "relative_strength": -23.02833, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.364682, "energy": 43.220232, "activity_lines": [ 27.223333, 26.683278, 25.683117, 24.829456 ] }, { "date": "2026-05-22", "close": 27.950001, "volume": 6147570, "typical_volume": 7245889.1, "trend": 23.979642, "fair_value": 29.566883, "relative_strength": -21.38169, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.339665, "energy": 44.643496, "activity_lines": [ 27.55, 27.003637, 25.988992, 25.097171 ] }, { "date": "2026-05-29", "close": 27.049999, "volume": 7375680, "typical_volume": 7512293.35, "trend": 24.133678, "fair_value": 29.515238, "relative_strength": -27.170039, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.380447, "energy": 41.35666, "activity_lines": [ 27.45, 27.103636, 26.180347, 25.295259 ] }, { "date": "2026-06-05", "close": 32.150002, "volume": 28475056, "typical_volume": 8691220.65, "trend": 24.491335, "fair_value": 29.500342, "relative_strength": -13.288319, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.431912, "energy": 62.429736, "activity_lines": [ 29.020001, 28.081819, 26.834724, 25.812441 ] }, { "date": "2026-06-12", "close": 30.35, "volume": 13626830, "typical_volume": 9157181.9, "trend": 24.816206, "fair_value": 29.473327, "relative_strength": -15.605053, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.493829, "energy": 62.866483, "activity_lines": [ 29.626667, 28.622728, 27.272754, 26.190419 ] }, { "date": "2026-06-19", "close": 28.700001, "volume": 5175473, "typical_volume": 9221229.1, "trend": 25.026844, "fair_value": 29.435735, "relative_strength": -23.360606, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.956053, "energy": 55.199575, "activity_lines": [ 29.560001, 28.777273, 27.520496, 26.440987 ] }, { "date": "2026-06-26", "close": 27.0, "volume": 6608520, "typical_volume": 9106820.0, "trend": 25.214435, "fair_value": 29.387246, "relative_strength": -24.071902, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.32387, "energy": 41.78067, "activity_lines": [ 28.813334, 28.576364, 27.579443, 26.568287 ] }, { "date": "2026-07-03", "close": 29.85, "volume": 6271266, "typical_volume": 9245852.9, "trend": 25.455401, "fair_value": 29.356447, "relative_strength": -19.292542, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.639472, "energy": 37.349025, "activity_lines": [ 29.08, 28.876364, 27.889653, 26.867356 ] }, { "date": "2026-07-10", "close": 28.85, "volume": 0, "typical_volume": 9177182.3, "trend": 25.675842, "fair_value": 29.324451, "relative_strength": -18.767794, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.969047, "energy": 24.495888, "activity_lines": [ 28.826667, 28.935455, 28.071116, 27.086362 ] }, { "date": "2026-07-17", "close": 27.75, "volume": 4366208, "typical_volume": 8731626.8, "trend": 25.86762, "fair_value": 29.290617, "relative_strength": -16.27911, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.17458, "energy": 18.72831, "activity_lines": [ 28.426667, 28.755455, 28.120213, 27.220179 ] }, { "date": "2026-07-24", "close": 28.299999, "volume": 3147625, "typical_volume": 8598644.95, "trend": 26.090539, "fair_value": 29.262915, "relative_strength": -15.874492, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.202245, "energy": 20.50063, "activity_lines": [ 28.383333, 28.689091, 28.214192, 27.377107 ] }, { "date": "2026-07-31", "close": 27.5, "volume": 4121308, "typical_volume": 8588056.8, "trend": 26.277186, "fair_value": 29.227189, "relative_strength": -16.541399, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.783375, "energy": 15.784467, "activity_lines": [ 28.1, 28.453636, 28.215, 27.46804 ] }, { "date": "2026-08-07", "close": 28.700001, "volume": 4298952, "typical_volume": 8179738.4, "trend": 26.491026, "fair_value": 29.197997, "relative_strength": -14.360959, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.27269, "energy": 16.115343, "activity_lines": [ 28.183333, 28.444546, 28.317381, 27.62435 ] }, { "date": "2026-08-14", "close": 28.950001, "volume": 9451860, "typical_volume": 8173053.4, "trend": 26.69879, "fair_value": 29.171566, "relative_strength": -15.908772, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.112001, "energy": 17.609828, "activity_lines": [ 28.426667, 28.450909, 28.422857, 27.782994 ] } ], "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." } } }